Full text of National Economic Trends : June 1982
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
n n n o n m Economic treods PREPARED BY FEDERAL RESERVE B A N K OF ST. LOUIS MONTH ENDING: May 31, 1982. RELEASED: June 30, 1982 Although the recession that began in August 1981 appears to be typical when compared with prior recessions, the level of economic activity is more severely depressed when viewed from a somewhat longer perspective. Some indicators such as retail sales, housing starts and civilian employment showed strong gains from April to May of this year while others such as payroll employment and industrial production failed to rebound. The average length of prior recessions since World War II is 10 months, so an end to the current recession in May would match this performance. The decline in real GNP from the second quarter of 1981 to the first quarter of 1982 matches the average peak-to-trough rate of decline of 2.3 percent. The depressed state of economic activity is indicated by the postwar record civilian unemployment rate (9.5 percent) and near-record low index of manufacturing capacity utilization (70.8 percent in May as measured by the Federal Reserve Board index). These low rates of resource utilization reflect the fact that output and employment prior to this recession had not fully recovered from the effects of the 1980 recession and 1979-80 energy shocks. As a result, output has been stagnant for three years, rising at only a 0.1 percent rate since the first quarter of 1979. Until recently, the lowest growth rate of real GNP for a three-year period since 1947 was 0.8 percent from the second quarter of 1955 to the second quarter of 1958. The table below shows selected components of real G NP for the first quarters of 1979 through 1982. Real purchases of new housing (residential fixed investment) and consumer durable goods have been especially depressed for the past three years. The only exceptional growth for these three years has been in federal government purchases of goods and services. Net exports were up from three years earlier, but down sharply from the first quarters of 1980 and 1981. Real GNP and Selected Components (Billions of 1972 dollars) 1/1979 1/1980 1/1981 1/1982 $1479.9 $1501.9 $1516.4 $1484.5 Personal consumption expenditures Durable goods Other 925.5 149.6 775.9 943.4 145.4 798.0 960.2 146.8 813.4 965.4 138.2 827.2 Fixed investment Nonresidential Residential 222.3 161.4 60.8 219.2 165.0 54.2 213.1 162.0 51.0 201.4 163.0 38.4 Government purchases Federal State and local 280.6 102.9 177.7 290.1 107.6 182.5 293.6 111.2 182.5 295.5 117.7 177.8 36.0 141.1 105.1 50.1 165.9 115.8 50.9 162.5 111.6 39.3 152.1 112.8 Real GNP Net exports Exports Imports TOTAL C IV IL IA N EMPLOYMENT COMPOUNDED ANNUAL RATES Of CHANGE TERMINAL MONTH 10-8 0 11-80 1-81 2-81 3 -8 1 4-8 1 IN IT IA L MONTH OF PERSONS 5 -81 7 -61 6-8 1 10-61 11-81 12-81 1-62 2 -6 2 3 -6 2 4 -6 2 _____ 9 9,632 1 .9 1 .2 1-81 2 *3 2 .2 3 .3 2-81 2 .3 2 .2 2 .7 2 .0 3-81 2 .6 2 .7 3 .1 3 .1 4-81 3. 1 3 .3 3 .8 4 .0 4.9 5 .8 3 .0 3 .1 3 .4 3 .5 4 .0 3 .9 2 .0 6-81 1 .7 1.5 1.6 1 .3 1.1 0 .1 -2 .6 -7 .1 7-81 2 .1 2 .0 2 .1 1 .9 1.9 1 .4 -0 .1 -1 .1 5 .3 8-81 1 .8 1 .8 1.8 1 .6 1.5 1.0 -0 .1 -o .e 2 .5 -1 .5 -3 .6 CD 9-81 _____9 9 ,5 3 4 ___ 12-80 V* THOUSANDS 8 -8 1 2 .5 1 u -e o 12-80 99,901 100,069 100,406 4.1 100,878 101,045 100,430 100,864 100,640 -0 .3 ____ 100,258 9-81 1 .0 0 .9 0 .8 0 .5 0 .3 -0 .3 -2 .3 -0 .7 -6 .7 10-81 1 .0 0 .9 0 .9 0 .6 0.4 -0 . 1 -l.l -1 .7 -0 .3 -2 . 1 -2 .9 1 .0 11-81 0 .8 0 .6 0 .6 0 .3 0.1 -0 .3 -1 .2 -1 .7 —0 . 6 -2 .0 -2 .6 —0 . 5 -2 .0 12-81 0 .2 0. 1 -0 .0 -0 .3 - 0 .5 -I. 1 -1 .9 -2 .4 -1 .6 -3 .0 -3 .6 -2 .5 -4 .3 100,343 100,172 ______99,61 3 ____ -6 .5 0 .0 -0 .0 -0 .3 - 0 .5 -1 .0 -1 .7 -2 .2 -1 .4 -2 .5 -3 .0 -2 .0 -3 .0 -3 .5 -0 .4 0 .0 -0 .0 -0 .3 - 0 .5 -0 .9 -1 . 5 -1 .9 -1 .3 -2 .2 -2 . 5 -1 .6 -2 .2 -2 .3 -0 . 1 0 .1 3-82 0. 1 -0 .0 -0 . 1 -0 .4 - 0 .5 -0 .9 -1 .5 -1 .8 -1 .2 -2 .0 -2 . 3 -1 .5 -2 .0 -2 .0 -0 . 5 -0 .5 -1 .2 4-82 0 .0 -0 . 1 -0 .4 —0 .6 -1 .0 -1 . 5 -1 .8 -1 .3 -2 .0 -2 .2 -1 .6 -2 .0 -2 .0 -0 .8 -1 .0 -1 . 5 -1 .8 5-82 0 .5 0 .4 0 .3 0 .2 0.0 -0 .2 -0 .7 -0 .9 -0 .3 -0 .9 -1 .0 -0 .2 -0 .4 -0 .1 1.2 1 .6 2. 1 3 .8 9 .8 10-8 0 11-8 0 12-80 1-81 2-81 3 -8 1 4-81 5 -81 6 -8 1 7-61 8 -6 1 9-61 10-61 11-81 12-61 1-82 3 -6 2 4 -6 2 <N 0 .2 0 .2 0 1 99,581 1-82 2-82 99,590 2 -62 99,492 99,340 100,117 IN IT IA L MONTH PAYROLL EMPLOYMENT* £ QNPQyNP5P ANNUAL ^ T E3_QF CHANCE TERMINAL NONTH 1 0-80 THOUSANDS OF PERSONS IN IT IA L NONTH 11-80 12-80 1-61 2-81 3-8 1 4 -8 1 5-81 6-81 7-81 8-81 9 -8 1 10-81 11-81 12-81 1-82 2 -8 2 3 -62 4 -6 2 9 0,56 0 11-80 3 .2 12-60 2 .7 2 .2 1-8 1 2 «6 2 .3 2-81 2 .0 1 .6 1 .2 0 .1 3-8 1 1 .9 1 .5 1 .3 0 .7 1.3 4 —61 1 .7 1 .4 1 .2 0 .8 1 .2 1.1 5 -6 1 1 .5 1 .3 1.1 0 .7 1*0 0 ,8 9 0 ,7 2 5 9 0,90 9 2 .5 9 0 ,9 1 3 9 1,01 4 9 1 ,0 9 9 9 1 .13 1 0 .4 9 1 ,2 8 6 6 -61 1 .6 1 .4 1.2 1 .0 1.2 1 .2 1.2 2 .1 7 -6 1 1 .6 1.4 1 .3 1 .1 1 .3 1.3 1 .3 1.8 1.5 8-61 1 ,3 1.1 1.0 0 .8 0 .9 0 .8 0 .7 0 .8 0 .2 -1 .0 91,39 6 _____9 1 ,3 2 2 _____ _____ 9 1,36 3 9 -8 1 1 .3 1.1 0 .9 0 .8 0 .9 0 .8 0 .7 0 .8 0 .3 -0 .2 0 .5 10-61 1 .0 0 .8 0 .7 0 .5 0 .5 0 .4 0 .3 0 .2 -0 .2 -0 .8 -0 .6 -1 .8 11-81 0 .7 0 .5 0 .3 0 .1 0 .1 -0 .0 -0 .2 -0 .3 -0 .8 -1 *3 -1 .4 -2 .4 -3 .0 12-61 0 .3 0.1 -0 . 1 -0 .3 -0 .4 -0 .5 -0 .8 -0 .9 -1 .4 -2 .0 -2 .2 -3 .1 -3 .8 -4 .6 1-62 0 .1 -0 .1 -0 .3 -0 .5 -0 .5 -0 .7 -0 .9 -1 .1 -1 .5 -2 *0 -2 *3 -2 .9 -3 .3 -3 .5 -2 .4 2-62 0 .1 -0 . 1 -0 .3 -0 .5 -0 .5 -0 .7 -0 .8 -1 .0 -1 .4 -1 .8 -1 .9 -2 .4 -2 .5 -2 .3 -1 .2 -0 .0 -2 .3 -2 .4 -2 .3 -1 .5 -1 .0 -2 .0 3 -6 2 -0 .0 -0 .2 4 -8 2 -0 .2 -0 .4 5-82 -0 .2 -0 .4 10-80 11-80 1 2-80 -0 .4 -0 * 6 -0 .6 -0 .8 -1 .0 -0 .6 -0 .8 -0 .9 -1 .0 -0 .6 -0 .8 -0 *8 -l.o 1-81 2-81 3 -81 4 -8 1 -1 * 9 91,22 4 90,99 6 9 0 ,6 4 2 9 0 ,4 6 0 9 0,45 9 9 0 ,3 0 4 -1 * 1 -1 .4 -1 .8 -1 .2 -1 * 4 -1 * 7 -2 * 0 -2 .2 -2 .6 -2 .7 -2 .6 -2 .1 -2 .0 -3 .1 -4 .1 -l.l -1 *3 -1 .6 -1 *9 -2 *0 -2 .3 -2 .3 -2 .2 -1 .8 -1 .6 -2 .1 -2 .2 —0 *3 5-81 6 -8 1 7-81 8-81 9 -8 1 10-81 11-81 12-81 1 -8 2 2 -82 3-82 4 -8 2 8 9 ,9 9 3P 8 9 ,969P IN IT IA L NONTH ♦REVISED FROM 1977*___________________________________________________________________________ P - PRELIMINARY PREPARED BY FEDERAL RESERVE JUNE 4» 1982 2 BANK OF ST, LOUIS EMPLOYMENT RAT I 0 RAT I 0 SCALE M I L L I ONS OF 1974 PERSONS 1975 SEASONALLY 1976 1977 MILLIONS ADJUSTED 1978 1979 1980 SOURCE. # PERCENTAGES ARE LATEST PLOTTED: DATA REVISED FROM ANNUAL RATES MAY OF CHAN6E FOR PERIODS 1982 U.S.DEPARTMENT OF LABOR ST. LOUIS INDICATED. PREPARED UNEMPLOYMENT 1981 PERSONS PRELIMINARY 1977. SEASONALLY PERCENT OF SCALE BY FEDERAL RESERVE BANK OF RATE ADJUSTED PERCENT 11. 0 10. 0 9.0 8.0 7 .0 6.0 5.0 4.0 3.0 1974 1975 1976 1977 1978 1979 1980 SOURCE: PERCENT LATEST OF DATA C IV ILIAN PLOTTED: LABOR U.S. 1981 1982 DEPARTMENT OF LABOR ST. LOUIS FORCE MAY PREPARED 3 BY FEDERAL RESERVE BANK OF CON SUN 01 PRICE INDEX FOR ALL URBAN CONSUMERS, SEASONALLY ADJUSTED _______________________ COMPOUNOEO ANNUAL RATES OF CHANCE____________ __________ TERMINAL MONTH 10-60 1 1-30 1967*100 IN IT IA L MONTH 1 2-60 1 -8 1 2-81 3 -6 1 4 -6 1 5 -6 1 6 -0 1 7 -6 1 6 -6 1 9-61 10-61 11-61 12-61 1 -82 2 -6 2 3 -6 2 4 -6 2 _ 14*1_____________________________________________________________________________________ t?*2 Ir. 81____U tO Z - n ____ 12 *0 ____ lit Q 256*9 259*4 U t? U tQ___ . U *4 iQ f9 12*1 _ 7 *g _ 1013 .4 -f ll____ _________ 1^2____ Sl*A____ 266*5 7 *> _i>-£l 9 ,9 ____ 9 *2 8tJ 8*7____1*5____ k t l____9,6 9*3 ¿ 70*6 2 1 £ t3 2 75*9 8 -81 10*4 10*0 9*7 9 *7 9*3 9*6 11*0 11*3 12*3 1 0.1 9-81 10*7 10*4 10*1 10*2 9*9 10*4 11*5 12*0 12*6 12*0 10-81 10*2 9 *9 9 .7 9 *7 9 .3 9*7 10*5 10*6 1 0 .9 9 *7 9 .5 5 *3 11-81 9 *9 9*6 9 .3 9 *3 9*0 9*2 9*8 9*6 9 *9 8*8 8 *4 5*7 6*2 12-81 9*5 9 .2 8*9 8 *9 8*6 8*7 9*2 9* 1 9*1 8*0 7 *5 5*4 5*5 4*8 1-82 9 *1 8*8 8 .5 8 *4 8*1 8*2 8*5 8 *4 8 *2 7*2 6 *6 4 *9 4*8 4* 1 3 *5 2-82 8 *7 8 .4 8 .1 8 *0 7*7 7*7 8*0 7*8 7*6 6*6 6 *0 4 *5 4*3 3*7 3*2 3 *0 3-82 8 *0 7 .6 7 .3 7 .1 6*8 6 *7 6 *9 6*6 6*3 5*3 4 *6 3*2 2*8 1*9 1 .0 -0 * 2 -3 *3 4-8 2 7 *7 7 .3 7*0 6 *9 6*5 6 *5 6*6 6 *3 6*0 5 *0 4 *4 3*2 2*8 2*1 1*5 0 *8 -0 *2 3 *0 5-62 7*9 7 .6 7 .3 7 .2 6*9 6*8 7*0 6 *7 6 *5 5*7 5*3 4*2 4*1 3 *7 3 .5 3 .5 3*7 7 *4 12*0 10-6 0 11-80 12-60 1-81 2-61 3 -81 4 -6 1 5-61 6 -8 1 7-61 8 -6 1 9 -8 1 10-61 11-61 12-61 1-6 2 2 -6 2 3 -6 2 4 -6 2 2 7 8 .9 13*9 260*1 281*5 282*6 283*4 284* 1 283*3 264*0 266*7 IN IT IA L MONTH PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS JUNE 22* 1982 PRODUCER PRICE INDEX, FINISHED GOOOS - SEASONALLY ADJUSTED* ___________________ COMPOUNDED ANNUAL RATES OF CHANGE____________________ -lfrrflQ 11-flO 12-flQ___ 1=&1___ZzÂl___3-81___4 -M __ 5-81___6=31___l^ fil___8-61 LL-QQ 12-flQ 1967 » JNITIAL MO^TH TERMINAL MONTH 9-81 10-61 11-61 12-61 1-82 2-62 3-62 _Q -.3______________________________________________ ____________________ 256*6 6*5___ 4*8 ¿ 5 1 *9 -L r fll . 9*2____SLa1 ___14.9 ^2-81 . 9_»3____9^7___12*2 - 2 »Q ^.g 9.6 262*8 265*7 10*3__________ L2*í___LL.8___14 * 1 - A -81 .10*3__ 11.Q__ 12*6__ 11*8 13*0 11.9 7t~r 7_tV iV »S 7•✓ 7 *-r r•t £ :* f .. _6-e 1 _ 9-U. 9.2 9,9 9*0 8.8 7.1 4.8 2» 9 *2 to o . o 270*3 6*9 7-81 8*6 8*6 9.1 8*2 7.9 6.5 4.7 5.7 4. £-81 8.0 8.0 8.4 7.5 7.2 5.9 4*4 5.0 4. 3* 9-81 6*5 5.3 4*0 3. 2* 2*2 271*3 272*1 7.5 7*4 7*7 6*9 10-81 7.5 7.4 7.7 6.9 6.6 5.5 4.5 4. 4. 4.7 7.3 ..11.T81 7.4 7.3 7.5 6*8 6.5 5.6 4*7 4. 4* 5.1 6*6 5*8 12 —ft 1 7*1 7.0 7*2 6.5 6*2 5.4 4*6 4. 4* 4*7 5*5 4*7 1-82 7.1 7.0 7.1 6.5 6.2 5.5 4.8 4. 4. 5.1 5.6 5.4 5.1 6*7 2—82 6.3 6.2 6.3 5.7 5.4 4 .6 3.9 3. 3* 3*6 3*6 3.0 2*0 1*3 -3 .8 ir 8 2 5.9 5.7 5*8 5.1 4.8 4.1 3*4 3. 2* 2*8 2*9 2*0 1*1 0.3 -2 .6 .. A - a 2 5.6 5 *4 5.4 4.8 4*5 3.8 3*2 2. 2. 2.5 2*6 1*8 1*0 0*4 -1 .6 -0 *4 0*9 5.1 4*6 4*2 3,6 3*0 3.0 2* 2* 2*3 2*3 1*6 0*9 0*4 -l.l -0*1 0*7 0*4 10-80 11-80 12-80 1-81 2-81 3-81 4-81 5-81 6-8 7-8 8-61 1-62 2-62 3-82 4-82 i- 9 2 10Q 4-62 4.9 5.1 272*6 274*2 275*5 276*3 3*5 9-61 10-61 11-81 12—81 277*6 276*9 -1 *7 276*5 276*7 276*6 I IT IA L MONTH ♦DATA FOR FOUR MONTHS AGO REVISED TO R tF U C T __LATe REPORTING PREPARED BY FEDERAL RESERVE JUNE 11* 1962 4 BANK Of ST* LOUIS „ RATIO PRICES SCALE 1 9 6 7 - 1 0 0 CPI-U s e a s o n a l l y FOR ALL PERCENTAGES LATEST RATIO URBAN C ON SUME RS ARE ANNUAL DATA P LO T T E D : RATES OF CHANGE FOR P E R I O D S IN DI CAT ED. MAY PREPARED RATIO PRODUCER SCALE 1 9 6 7 - 1 0 0 LATEST ARE ANNUAL DATA P L O T T E D . R A TE S OF CHAN6E BY F E D E R A L RES ERVE BANK PRICES SEASONALLY PERCENTAGES SCALE 1 9 6 7 - 1 0 0 a d j u s t e d OF LOUIS RATIO ADJUSTED FOR P E R I O D S ST . SCALE 1 9 6 7 - 1 0 0 IN DI CAT ED MAY P REPARED 5 BY F E D E R A L RESERVE BANK OF ST. LOUI S PROOUCER PRICE INDEX, FINISHED CONSUMER FOOOS - SEASONALLY ADJUSTED* ______________________ CONPOUNOEP ANNUAL RATES Of CHANGE___________________________ __ Io I o 12-80 3 ,4 12- e o 1 .0 -1 .4 2-81 3-8 1 4-81 5-81 6-81 7-8 1 8-81 9-81 10-81 11-01 12-81 1 -02 2 -0 2 1-01 3 .1 2 .9 7 .5 1 .9 1 .5 2 .9 3 -e i 3 .4 3 .4 4 -e i 3 .2 5 -e i 3 .1 2 50 .7 -1 .4 2 5 0 .4 5 .1 _ 3 .9 252 .3 3.1 4 .3 3 .2 5 .6 1.9 3.1 4 .0 3 ,1 4*7 2 ,4 2 ,9 4 .3 3 .7 5 .0 3 .5 4 .4 3 .5 2 5 2 .7 253 .3 5 .8 254.5 256 .6 7-81 4 .2 4 .3 5.1 4 .8 6 .0 5 .2 6 .3 8 .1 10.4 8-81 3 .9 3 .9 4 .6 4 .2 5 .2 4 ,3 4 .9 5 .6 5 .5 0 ,9 9-81 2 .9 2 .9 3 .4 2 .9 3.5 2 .6 2 .7 2 .6 1 .6 -2 .5 -5 .9 10-81 2 .5 2 .4 2.8 2 .3 2 .8 1 .8 1.8 1 .6 0 .6 -2 .5 -4 .1 256 .8 2 55.5 255 .0 -2 .3 253 .2 11-81 1.6 1 .5 1.8 1.2 1.5 0 .5 0 .3 -0 .1 -1 .2 -3 .9 -5 .5 -5 .3 -8 .1 12-81 1.4 1 .3 1 .5 1.0 1.2 0 .4 0 .2 -0 .2 -1 .2 -3 .3 -4 .4 -3 .9 -4 .6 -0 .9 1-82 2 .3 2 .2 2 .5 2 .1 2 .4 1 .7 1 .7 1 .5 0 .9 -0 .5 -0 .8 0 .5 1 .4 6 .6 1 4.7 2 53.0 2 55 .9 257.1 2-82 2 .5 2 .4 2 .7 2 .4 2 .7 2 .1 2 .1 2 .0 1 .5 0 .3 0 .2 1.5 2 .5 6 .3 10.1 5 .8 3—82 2 .2 2 .2 2 .4 2 .0 2 .3 1 .7 1.7 1 .6 1 ,2 O .i -0 .1 0 .9 1 .6 4 ,2 6 .0 1.9 -1 .9 4 -8 2 3 .2 3 .2 3 .5 3 .2 3 .5 3 .1 3 .2 3 .2 3 ,0 2*2 2 ,3 3 ,6 4 .6 7 ,4 9 ,5 7 ,9 9 .0 5-82 4 -0 2 3 -8 2 2 49.2 2-81 3 .5 1-81 2 49 .5 11-e o 6-81 1967 - 100 _ INITIAL *Q*T h TERMINAL MONTH 256 .7 2 0 .9 260.8 3 ,5 3 ,5 3,8 3 ,6 3 ,9 3 .5 3 ,6 3 .7 3 .5 2 .9 3 .1 4 .3 5 .2 7 .6 9 .4 0*2 9 .0 1 4 .9 9 .1 10—80 11-80 12-80 1-81 2-81 3-81 4-81 5-81 6—81 7-81 8-81 9-81 10-81 11-81 12-81 1-82 2 -8 2 3-82 4 —82 2 62 .7 IN IT IA L NONTH ♦OATA FOR FOUR MONTHS AGO REVISED TO REFLECT LATE REPORTING PRODUCER PRICE INDEX, FINISHED GOOOS, EXCLUDING FOOOS - SEASONALLY ADJUSTED* ______________________________CONFOUNDED ANNUAL RATES OF CHANGE__________________________________ -ia-afl n -a o 12-00 . 12-80 _LQa3___ ____ __6.J 1-01 -11*4___ LZ aJQ___17,5 11-flQ -JLrfll____ U J ___ 12*2___ 1 5.0 -2-81 1967 - ___________________________________________IN IT IA L NONTH__________________________________________________ -TERMINAL MONTH -12 *5___ l l + l ___ 1 5 .3 ----T Hli____ifct 7 JLr&l___ 2=£1___ 3 - a i ___ 4 -8 1 5-81 6 -81 ___ 7-01 8-81 9 -3 1 10-81 11-81 12-61 1 -0 2 2 -8 2 3 -8 2 4 -0 2 2 57 .6 2 5 9 ,9 262t£_ 1 2.6 1 4.3 269,4 16.0 AV « •- *~r i t —_u n . . . - i,TtW_ 12.5 1 1.3 10.8 8 .3 2 72.0 5 -81 11.3 11.5 6-81 10.9 11.0 11.7 10.5 1 0 .1 8 .1 5 .0 7 .8 7 -e i 9 .9 9 .9 1 0.3 9 .2 8 .5 6 .7 4 .2 5 .2 8-81 9 .3 9 .2 9 .5 8 .4 7 .8 6 .2 4 .1 4 .8 3 .3 4 .0 9 -81 9 .0 8 .8 9 .1 8 .0 7 .4 6 .1 4 .4 4 .9 4 .0 4 .7 5 .4 10-81 9 .0 8 .9 9 .1 8 -3 7 .7 6 .6 5 .3 5 .9 5 .5 4 .4 7 .6 1 0.0 11-81 9 .1 9 .0 9 .3 8 .5 8 .0 7 .1 6 .0 6 .7 6 .4 7 .4 0 .5 1 0.2 12-81 8 .8 8 »7 8 .8 8 .1 7 .7 6 .8 5 .8 6 .3 6 .1 6 .8 7 .5 8 .2 7 .3 4 .4 1-82 8 .5 8 .4 8 .5 7 .8 7 .4 6 .6 5 .7 6 .1 5 .9 6 .4 6 .9 7 .3 6 .5 4 .6 4 .0 2 -8 2 7 .5 7 .4 7 .4 6 .7 6 .2 5 .3 4 .4 4 .7 4 .3 4 .5 4 .6 4 .5 3 .2 0 .9 -0 .0 2 .2 2 7 3 .7 2 .7 2 7 4 .3 275 .2 2 7 6 .4 2 78 .6 1 0.4 2 0 0 .9 2 81.9 2 0 3 .0 2 0 1 .5 -6 .2 3-8 2 7 .0 6 .8 6 .8 6 .0 5 .6 4 .7 3 .9 4 .0 3 .6 3 .7 3 .7 3 .4 2 .2 0 .2 -1 .1 -4 .0 -1 .7 4 -8 2 6 .3 6 .1 6 .0 5 .3 4 .8 4 .0 3 .2 3 .3 2 .0 2 .8 2 .7 2 .3 1.1 -0 .7 -1 .9 -4 .0 -2 .9 -4 .2 5 -8 2 5 .9 5 .6 ^ .6 4 ,0 4 .4 3 .6 2 ,8 2 .0 2 .4 2 .3 2 .1 1 .7 0 ,6 -0 .9 -1 ,9 -3 .6 -2 *7 -3 ,2 -2 .1 10-80 11-80 1-81 2-01 3-01 4 -0 1 5-01 6-01 7-01 0-01 9 -0 1 10-01 11-01 12-01 1 -0 2 2 -0 2 3 -0 2 4 -0 2 12-00 100 2 01.1 280.1 2 7 9 ,6 IN IT IA L NONTH -»DATA FOR FOUR MONTHS AGO REVISED TO REFLECT LATE REPORTING__________________ PREPARES) BY FEDERAL RESERVE JUNE 11* 1902 6 BANK OF S T . LOUIS INDUSTRIAL RATIO PRODUCTION SCALE RATIO 1967-100 s e a s o n a l l y 1974 1975 1976 PERCENTAGES ARE LATEST PLOTTED t DATA ANNUAL RATES MAY 1977 OF CHAN6E 1978 FOR PERIODS 1979 1980 1981 1982 INDICATED. PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF INDUSTRIAL PROOUCTION COMPOUNDED ANNUAL RATES OF CHANGE ST. LOUIS ________ 1 ________________ IN IT IA L MONTH_________________________________________________________________________ 1967 « 100 CD TERMINAL _______ ' m ün Th 10-80 11-80 12-80 SCALE 1967-100 a d j u s t e d 2-81 3 -8 1 4 -8 1 5—81 6 -8 1 7 -8 1 8 -8 1 9-81 10-81 11-81 12-81 1-82 2 -8 2 3 -8 2 4 -8 2 149.2 11—80 23*5 12-80 16.6 10.1 1—81 13.8 9 .2 2—81 1 1.0 7 .2 5 .7 3 .2 3-81 9 .2 5 .9 4 .6 2 .8 2 .4 4 -8 1 7 .4 4 .4 3 .0 1 .3 0 .4 -1 .6 5-81 7 .2 4 .7 3 .7 2 .6 2 .4 2 .4 6 .5 6 -8 1 6 .5 4 .3 3 .4 2 .4 2.2 2 .1 4 .0 1.6 7 -8 1 6 .7 4 .8 4 .0 3 .3 3 .4 3 .6 5 .4 4*8 8 .1 8 -8 1 5 .8 4 .0 3 .2 2 .5 2 .4 2 .4 3 .4 2 .4 2 .8 9 -8 1 3 .7 1 .9 l.l 0 .2 -0 .2 -0 .7 -0 .5 -2 .1 -3 .4 10-81 1 .7 -0 .1 -1 .0 -2 .0 -2 .7 -3 .4 -3 .7 -5 * 6 -7 .3 11-81 -0 .2 -1 .9 -3 .0 12-81 -1 .9 -3 .6 -4 .7 1-82 -3 .2 -4 .9 -6 .0 2-8 2 -1 .9 -3 .4 150.4 151.4 8 .3 -4 .3 151.8 152.1 151.9 -8 *6 151.6 - 1 4 .6 - 1 1 * 9 - 1 6 .3 149.1 -1 8 .1 146.3 -1 0 * 2 - 1 2 . 0 - 1 5 . 6 - 1 8 .6 - 1 9 . 9 -2 0 .9 -2 1 .4 -9 .7 - 1 1 .6 - 1 3 . 3 - 1 6 . 4 - 1 9 .0 - 2 0 .1 -2 0 .7 - 2 0 .9 -2 0 .4 - 1 1 * 9 - 1 3 * 4 -1 3 * 2 -1 2 .0 -9 .0 -2 .1 -5 .8 -6 .6 -7 .6 -7 *1 -7 .9 -8 *9 —6 . 6 153.6 -2 * 3 —8 .3 -6 .2 -5 * 9 153.9 - 1 9 .2 -5 .7 -5 .2 152.9 -2 0 .3 -4 * 8 -4 .0 152.7 -7 .1 -8 *2 -8 .5 - 1 0 .0 - 1 4 . 1 -9 * 6 - 1 7 .7 143.4 140.7 142.9 2 0 *5 141.7 -3 .8 -4 .7 -5 .5 -6 .2 —6 .8 -7 .3 -8 .6 -9 .6 - 1 1 * 7 -1 2 * 9 -1 2 * 6 -1 1 *5 -9 *1 -4 * 7 4 *3 -9 .6 -4 .1 -4 .9 -5 .7 -6 .4 -7 *0 -7 .4 -8 .6 -9 .6 - 1 1 . 4 -1 2 * 4 -1 2 * 1 -1 1 *1 -9 .1 -5 .7 -0 *3 -9 .3 -8 *9 5 -82 -2 .7 —4 .0 -4 .8 -5 .6 -6 .1 -6 .7 -7 .1 -8 .1 -9 .0 -1 0 * 5 - 1 1 . 4 - 1 1 . 0 -9 *9 -8 .0 -5 * 1 -0 .9 -7 * 1 -5 *8 -2 .5 11-80 12-SO 1-81 2-81 3 -5 1 4 -ffT 5-81 6 -8 1 9 -8 1 10-81 11-81 12-81 1 -8 Z 2 -8 2 3 -8 2 4 -8 2 o -2 .4 -2 .7 o 3-82 4 -8 2 7 -8 1 8 -8 1 1 4 0 .6P 1 4 0 .3P IN IT IA L mon TH P - PRELIMINARY PREPARED BV FEDERAL RESERVE BANK Of- ST. LÔUIT JUNE 7 1 5* 1982 PERSONAL RATIO SCALE TRILLIONS MONTHLY OF DOLLARS TOTALS I NCOME AT SEASONALLY ANNUAL RATIO RATES TRILLIONS ADJUSTED OF SCALE DOLLARS .7 . 6 .5 .4 .3 . 2 . 1 . 0 .9 .8 .7 .6 . 5 .4 .3 . 2 . 1 197 4 197 5 1976 1977 1978 1979 1980 SOURCE- . PERCENTAGES ARE LATEST P LOTTED: DATA ANNUAL RA TE S MAY OF CHANGE F OR PERIODS U.S. 1981 1982 DEPARTMENT OF COMMERCE INDICATED. PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS PERSONAL INCOME COMPOUNDED ANNUAL RATES OF CHANGE -TERMINAL BILLIONS OF PQt l ARS ANNUAL RATES INITIAL MONTH -LQ-ao l i - a a 12-aQ___i ___z^ai___3- a i ___^ a i ___£r_ai___6 -a i___t a i ___a - a i 9 -a i î o - a i n - e i 12-81___L-S2__ 2-62 3-02__ ±-32 2 1257 «6 2 ,2 7 6 ,6 2tJK>Q*I I - f t l ____ 12.4 ___12.Q___ 13.5 -2 - a i _ 11 *7___ 11.2 2j 3 18.? 11.5 2»34Q*4 - i l . a___ L U A ___ 11 >7___ iQ .a ___ 12 . i I I .Q ___________IQ .3____2^6____9.6 - it -f i l 1Q.4___LCL.Q____9.8 9.Q IQ .2____9.8 9.7 8.9 11.1 11.2 10.9 11.1 8-8 1 11.3 9—ft 1 11.2 8.8 7.1 2 t 367.4 7.2 __2.7 10.9 2*3 84»? 11.9 13.5 15.8 12.7 2 .4 4 3 .4 2 .4 * 2 .6 11.0 11.0 10.7 10.9 10.7 11.5 12.6 13.8 11.3 9.8 10.6 10.6 10.2 10.3 10.1 10.6 11.3 11.9 9 .6 8.1 6 .3 10.6 10.4 10.4 10.1 10.1 9 .9 10.3 10.8 11.2 9 .4 8.3 7 .5 8.7 12—a l 9 .8 9 .5 9.5 9. 1 9.1 8 .7 8 .9 9.2 9 .2 7 .4 6 .1 4 .9 4.1 - 0 .2 1—82 9 .3 9 .1 8.9 8 .6 8.5 8.1 8 .2 8 .4 8.3 6 .6 5 .4 4 .4 3 .7 1.3 2.9 2-82 9.2 9 .0 a .8 8 .5 8 .4 8 .1 8.2 8.3 8.2 6 .8 5.8 5 .0 4.7 3.4 5*2 7 .7 lO -fll 10. 11-81 ft 2 .4 7 5 .2 2*492.4 2*492.0 2*497.9 2*513.3 3-82 9 .0 8 .7 8.6 8 .2 8.1 7.8 7 .9 7.9 7*8 6 .5 5.6 4 .9 4 .7 3 .7 5.0 6.1 4 .6 4-fl2 a .7 8 .4 8.3 7 .9 7.8 7.5 7.5 7.6 7.5 6 .2 5.5 4 .8 4.6 3.8 4 .8 5.5 4 .4 4 .2 .5-82 8.7 8 .4 8 .3 8 .0 7.9 7.6 7.6 7 .6 7.5 5.8 5* 3 5.1 4 .5 5.5 6 .2 5 .7 6.2 Ö.2 10-80 11-80 12-80 1-81 2-81 3-81 4-81 5-81 6-81 9-81 10-81 11-81 12-81 1-82 2-82 3-82 4-82 7-81 8—81 2*522.8 2*531.5 2 * 5 4 8 .IP IN IT IA L HONTH PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF JUNE 18* 1982 8 ST. LOUIS RETAIL RATIO SALES SCALE BILLIONS RAT I 0 OF DOLLARS seasonally BILLIONS ADJUSTED SCALE OF DOLLARS 9b 90 85 80 75 70 65 60 55 50 45 40 35 197 4 197 5 1976 197 7 1978 1979 1980 S OURCE- . PERCENTAGES ARE LATEST PLOTTEDi DATA ANNUAL RATES APRIL, OF MAY CHANGE ADVANCE FOR PERIODS U.S. 1981 DEPARTMENT 1982 OF COMMERCE INDICATED. ESTIMATE PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS RETAIL SALES COMPOUNDED ANNUAL RATES OF CHANGE_________________________________ ______ TERMINAL________________________________________________________________________ IN IT IA L MONTH________________________________________________________________________MILLIONS OF DOLLARS MONTH 4 -6 2 8-81 9-81 10-81 11-81 12-81 1-82 2 -8 2 3 -6 2 1-81 2-81 3-81 4-8 1 5-81 6-81 7 -e i 10-80 11-80 12-80 82*249 11-80 14 ♦ 5 12-80 11.8 9 .2 82*655 84*104 1-81 1 4.4 1 4.3 19.7 2 -81 15.0 15.1 18.2 1 6.8 3-81 14.8 14.8 16.8 1 5.3 13.9 4 -8 1 12.5 12.1 1 2.9 1 0.7 7.7 65*201 86*128 86*263 1.9 10.8 10.2 10.5 8 .3 5.6 1.6 1 .4 11.2 10.8 11.0 9 .4 7 *6 5.6 7 .4 1 3.8 87*299 7-8 1 9 .9 9 .3 9 .4 7 .7 6 .0 4.1 4 .9 6 .6 -0 .1 67*292 8-81 9 .9 9 .4 9 .4 8 .0 6.6 5.2 6 .0 7 .6 4 .6 9 .6 9-81 8 .7 8 .2 8 .1 6 .7 5.3 4 .0 4 .4 5.2 2 .4 3 .7 10-81 6 .3 5 .5 5 .2 3 .7 2.1 0 .6 0 .3 0 .1 -3 .0 “ 4 .0 - 1 0 . 1 - 1 7 .7 11-81 6. 1 5 .5 5 .1 3 .8 2.4 1.1 0 .9 0 .9 -1 .5 -1 .9 -5 .5 -7 .2 4 .5 12-81 5 .5 4 .8 4 .5 3 .2 1.9 0 .7 0 .5 0 .4 -1 .7 -2 .0 -4 .7 —5 .6 l.l -2 .2 1-82 3 .9 3 .2 2 .7 1 .4 0.2 -1 .1 -1 .5 -1 .8 -3 .9 -4 » 5 -7 . 1 -8 .3 -5 .0 -9 .4 - 1 6 .0 2 -82 5 .8 5.2 4 .9 3 .9 2.9 1.9 1 .9 2 .0 0 .6 0 .7 -0 .7 -0 .5 4 .4 4 .3 7 .7 38 .2 3 -82 5 .1 4 .6 4 .2 3 .2 2.2 1.3 1 .3 1.3 -0 .0 -0 .0 -1 .3 -1 .2 2.4 1 .9 3 .3 1 4.6 4 -8 2 5 .3 4 .8 4 .5 3 .6 2.7 1.9 1.9 1.9 0 .8 0 .9 -0 . 1 0 .1 3.5 3 .3 4 .7 12.7 1 .7 8 .9 00 1 86*361 5 -81 6-81 6 .0 5 .6 5 .4 4 .5 3.8 3.1 3 .2 3 .3 2 .4 2 .7 1 .9 2 .4 5 .7 5 .9 7. 5 1 4 .4 7 .4 14.2 19. 9 10-80 11-80 12-80 1-81 2-81 3-81 4 -8 1 5-81 6—8 1 7-81 8-81 9-81 10-81 11-81 12-61 1-62 2-6 2 3 -8 2 4-6 2 87*961 -1 .9 87*623 86*413 66*733 86*572 65*320 87*654 87*277 -5 .0 87 *899P 89*236E I N lT i a! Hö*TW P - PRELIMINARY E - ESTIMATED PREPARED BY FEDERAL JUNE 10* 1902 9 RESERVE BANK OF ST* LO UIS HOURLY COMPENSATION, PRIVATE BUSINESS SECTOR CQHPOUNOED ANNUAL RATES OF CHANGE__________ 1 TERMINAL___________________________________________________INITIAL QUARTER_________________________________________________________ _____________ 1 9 7 7 « QUARTER 3-81 4-81 4 -77 1-78 2-81 2-77 2-78 1-79 4 -7 9 2 -80 1-81 3 -77 3 -80 4 -8 0 3 -7 8 4 -7 8 2-79 3 -7 9 1-80 100 100.9 8*3 102.6 4 -77 7*6 6 .9 1-78 8*3 8 .3 9 .7 2-78 8 .3 8 .3 9 .0 8 .2 3-78 8 .4 8 .4 8 .9 8 .6 105.0 107.1 109.4 8 .9 4-78 8 .6 8 .6 9 .1 8 .9 9 .2 9 .5 1-79 9 .0 9 .1 9 .6 9 .5 10.0 10.5 1 11.9 lit i» 115.0 118.1 2 -7 9 9 .3 9 .4 9 .8 9 .9 10.3 10.7 11.4 11.2 3-79 9 .3 9 .4 9 .7 9 .7 10.0 10.3 10.6 10.2 9 .1 4 -7 9 9 .2 9 .3 9 .6 9 .6 9 .8 10.0 10.1 9 .6 8.8 8 .5 1-fiO 9 .3 9 .4 9 .7 9 .7 9 .9 10.1 10.2 9 .9 9 .5 9 .7 120.7 123.2 10.8 126.4 9 .7 10.0 10-0 10.2 1 0.4 10 .6 10.4 10.2 10.5 11.5 12.2 9 .6 9 .7 9 .9 1 0.0 10.1 10.3 10.4 10.2 10.0 10.3 10.9 10.9 9 .5 9 .5 9 .6 9 . fl 9 .8 10.0 10.1 10.2 10.0 9 .8 1 0.0 10.3 10.1 9.1 4 9 .6 3—8 0 0 cc 1 130.1 2 -8 0 133,1 135.9 8 .7 139.8 1-81 9 .7 9 .8 10.0 10.0 10.2 10.3 10 .4 1 0.3 10.1 10.3 1 0.6 10.6 10.1 10.3 1 2.0 2-81 9 .7 9 .8 10.0 10.0 10.2 1 0.3 1 0.4 10.3 10.2 1 0.3 10.6 10.6 10.1 1 0.3 11.2 10.4 3-81 9 .7 9 .8 10.0 1 0.0 10.1 10.2 10.3 10.2 10.1 10.2 10.4 1 0.3 10.0 10.1 10.5 9 ,8 9 .2 4-81 9 .5 9 .5 9 .7 9 .7 9 .a 9 .9 9 .9 9 .7 9 .6 9 .6 9 .8 9 .6 9 .2 9 .3 8 .4 7 .4 5 .6 1-82 9 .3 9 .4 9 .6 9 .5 9 .6 9 .7 9 .7 9 ,4 9 .4 9 .5 9 ,4 9 .0 8 ,9 8 .9 8 .2 7 .4 6 .5 7.5 2 -7 7 3 -7 7 4 -77 1-78 2-78 3 -78 4 -78 2-79 3 -7 9 4 -7 9 1-80 2-80 3 -8 0 4 -8 0 1-81 2-81 3 -81 4-81 1-79 143.3 146.5 148.5 151.2 IN IT IA L QUARTER OUTPUT PER HOUR Of ALL PERSONS, PRIVATE BUSINESS SECTOR ______________ COMPOUNDED ANNUAL RATES OF CHANGE_________________ TERMINAL QUARTER in it ia l 3-77 4 -77 1-78 2-78 3-7 8 4 -7 8 1-79 2-79 3-79 4 -7 9 1-80 o 00 » 2-77 1977 * quarter 3-80 4 -8 0 1-81 2-81 3-81 4-81 1 00.7 3-77 5 .3 4 -7 7 1 .6 -2 .0 1-78 _Q ,3 -2 ,2 100.2 9 9 .6 -2 ,4 9 9 ,9 2-78 0 .5 -1 ,1 -0 .6 1.2 3-78 0 ,5 -0 .7 -0 ,3 0 ,8 0 ,4 4-7 8 0 .3 -0 .6 -0 .3 0 ,4 0 ,0 -0 ,4 100.0 9 9 .9 9 9 .7 1-79 0 .2 -0 .7 -0 .4 0 ,1 -0 ,3 -0 .6 -0 .8 2-7 9 0 .2 -0 .6 -0 .3 0 .1 -0 ,2 -0 .4 -0 .4 0 ,0 3 -7 9 0 .0 -0 .6 -0 .5 -0 .1 -0 .4 -0 .6 -0 .7 -0 .6 -1 .2 4 -7 9 —0 .1 -0 .7 —0 *6 -0 .3 -0 .5 -0 . 7 -0 .8 -0 .8 -1 .2 -1 .2 1-8 0 0 .0 -0 .5 -0 .3 - 0 .1 -0 .2 -0 .3 -0 .3 -0 .2 -0 .3 0 .2 1 .6 7-fiD -0 .1 —0 .6 -0 .4 -0 .2 -0 .4 -0 .5 -0 .5 -O .S -0 .6 -0 .4 0 .0 -1 .6 3 -8 0 0 .0 -0 .4 -0 .3 -O w l -0 .2 -0 .3 -0 .3 -0 .2 -0 .2 0 .0 0 .4 -0 .2 1 .2 4 -8 0 -0 .1 -0 .5 -0 .4 -0 .2 -0 .3 -0 .4 -0 .4 -0 .3 -0 .4 -0 .2 0 .0 -0 .5 0 .0 -1 .2 1-81 0 .2 -0 .1 0 .0 0 .2 0 .1 0 .1 0 .2 0 .3 0 .3 0 .6 1.0 0 .8 1 .6 1.8 4 .9 2 -8 1 Q .4 0 .1 0 .3 0 .5 0 .4 0 .4 0 .5 0 .7 0 .7 1 .0 1 .4 1 .4 2 .1 2 .4 * .3 3 ,6 3-81 0 .4 0 .0 0 .2 0 .4 0 .3 0 .3 0 .4 0 .5 0 .5 0 .8 1 .0 0 .9 1 .5 1 .5 2 .4 1 .2 -1 .2 4 -81 -0 .0 -0 .4 -0 .3 -0 .1 -0 .2 -0 .2 -0 .2 -0 .2 -0 .2 -0 .1 0 .1 -0 .2 0 .1 -0 .2 0,1 -1 ,5 -3 .9 —6 ,6 -3 .9 -1 .2 3-81 4-81 1-82 100 9 9 .7 9 9 .4 9 9 ,1 9 9*5 9 9 ,1 9 9 ,4 9 9 ,1 1QQ ,3 101,2 -0 .1 -0 .4 -0 .3 -0 .2 -0 .3 -0 .3 -0 .3 —0 * 3 -0 .3 -0 .2 —0 .1 -0 .3 —0 .1 -0 ,3 -0 ,2 -1 * 4 -3 ,0 2 -7 7 3-77 4 -7 7 1-78 2-78 3-78 4 -7 8 1-79 2 -7 9 3-79 4 -7 9 1-80 2 -8 0 3-80 4 -8 0 1-81 2-81 100*9 9 9*2 9 8 .9 IN IT IA L QUARTER PREPARED BY FEDERAL RESERVE MAY 2 8 , 1982 10 BANK OF ST* LO U IS PRODUCTIVITY, RAT I 0 COMPENSATION, AND LABOR SCALE 197 7 - 1 0 0 SEASONALLY LATEST ARE ANNUAL DATA P LO T T E D . RATES I8T OF CHANGE FOR P E R I O D S SCALE 197 7 - 1 0 0 ADJUSTED S OU RC Ei PERCENTAGES COSTS RATIO U.S. D E PART ME NT OF L ABOR ST . LOUIS IN DICATED. QUARTER P R E P AR ED BY F E D E RA L RESERVE BANK OF UNIT LABOR COSTS, PRIVATE BUSINESS SECTOR COMPOUNDED ANNUAL RATES OF CHANGE TEKMINAt QUARTER 1977 ■ 100 IN IT IA L QUARTER 4 -7 7 ? -7 7 3 -7 7 2 .8 4 -7 7 5*9 ^ l \. 1 -7 8 8*0 10.6 1-79 2-78 3 -7 8 4 -7 8 1-79 2-79 3-79 4-79 1-80 2-80 3 -80 4 -8 0 l- e i 2 -81 3-81 4 -81 100.2 102 .4 105.4 12*2 2 -78 7 .8 9 .6 9 ,9 7 .4 3-75 1,9 .2 ,2 .. 9*2 7*7 JL» 1 4 -7 8 8.3 9 .4 9 .5 8 .6 9 .1 9 .5 10.2 1-7? _& * & 9,9 1Q.Q 2-7? ?*1 10*1 .ID , 2 3-79 9.2 10.1 10*2 ^ -7 9 9 .3 10.1 1-80 9.3 9d9 2 -8 0 9.7 10.3 3—fiO 9 .6 10.1 4 -8 0 9 .6 10.1 1-8 1 9 .4 2-81 1 07.3 109.4 10.2 112.1 115.4 11.3 12*3 J 1 .2 11.7 11.2 11.2 10.7 10*2 11.0 1 18.5 1 21.4 9 .9 10.4 10 *2 9.9 10.3 10-» 8 10.9 10*4 10*0 9 .9 10*0 9 .fi 1Ü.1 1 0.5 10.5 10.1 9.7 9.4 10.5 10.3 10.6 11.0 11.1 10.9 10.8 11.0 11.6 14.2 10.2 10.0 10.3 10.6 10.7 1 0.4 10.3 10.3 10.4 11.2 8 .2 10.2 10.0 10.3 1 0.6 10.6 10.3 10.2 10.2 10.3 1 0.7 9 .0 9 .9 10.0 9 .8 10.0 10.2 10.2 9 .9 9 .7 9 .7 9 .6 9 .8 8 .3 8 .4 6 .9 9 .2 9 .7 9 .7 9 .5 9 .7 9 .8 9 .8 9 .5 9 .3 9 .2 9 .1 9 .1 7 .8 _ _ 7*_7 6 .7 6*? 124.3 9 .0 1 27.0 131.3 133 .9 . 137.1 9 .9 139 .4 141.6 3 -f i l 9 .3 9 .7 9 .8 9 .6 9.8 9 .9 9 .9 9 .6 9 .5 9 .4 9 .3 9 .3 8 .4 _ . 8 *4 9 .5 1£>*£ 4 -8 1 9 .5 9 .9 1 0.0 9 .8 10.0 10.1 10.1 9 .9 9 .8 9 .3 9.7 9 .9 9 .1 9 .3 9 .2 10.0 11*8 1 3,0 1 -82 9 .5 9 .8 9 .9 9 .7 9 .9 10.0 10.0 9 .8 9 .7 9 .6 9 .6 9-È.1 __ ?«_1_ 9 *_2_ 9*1 9 ,6 10,7 10*7 8 ,5 2 -7 7 3 -7 7 4 -7 7 1-78 2-78 3 -78 4 -7 8 1-79 2-79 3 -79 4 -7 9 1-80 4 -8 0 1-81 2-81 3-81 4-81 2-80 3 -8 0 145 .2 149*7 1 52.8 IN IT IA L QUARTER PREPARED BY FEDERAL RESERVE MAY 2 8 , 1982 11 BANK OF ST. L O U IS GROSS NATIONAL PRODUCT IN CURRENT DOLLARS COMPOUNDED ANNUAL RATES OF CHANGE_______________________________________________________________________ BILLIONS OF TERMINAL ____________________________________________________________ IN IT IA L QUARTER______________________________________________________________________ DOLLARS QUARTER 2-77 _ 3—77 4-77 1-70 3-77 12*5 4-7 7 10*3 9*1 1-78 9 .9 0*6 9 .1 2Qjt5 2-70 3-78 4-70 1-79 2-79 3-79 4-79 1-00 2-00 3-00 4-0 0 1-01 2-01 3-01 ANNUAL RATES 4-8 1 1*950*4 1*900*6 2*032.4 2-79 12*4 12*4 14_*7 3-7$ 12*3 12*3 13*0 16*2 1U ? 4-76 12*9 13*0 14*2 16*0 13*0 15*7 1-79 12*9 12*9 13*9 15*2 13*4 14*2 2*129*6 2*190.5 2*271.9 12.7 2*340.6 2-79 12*0 11*9 12*6 13*3 U .5 11.4 9*2 5*9 3-79 12*0 11*9 12*5 13*1 11.6 U .6 10*2 9*0 12*2 2*374.6 4-7 9 11*7 11.6 12*0 12*5 11.2 11.0 9*9 9*0 10*5 0*0 11.3 10*4 9*9 11*2 10*7 2 *444.1 2*496.3 1—60 11*0 11*7 12*1 12*5 11.4 2-60 10*6 10*5 10*7 10*9 9*7 9*4 0*4 7*6 0*0 6* 6 5*6 -1 *1 3-00 10*7 10*6 10*0 11*0 10*0 9*7 0*9 0.3 0*0 7*9 7*6 5*2 11.8 4—00 11*0 10*9 11*1 11*3 10*5 10*3 9*6 9*2 9*0 9*3 9*4 0*3 13*3 12*6 2*571.7 2*564.8 2*637.3 14.9 2*730.6 1-01 11*5 11*5 11*7 12*0 11*2 11.1 10*7 10*4 11*1 10*9 11*3 10.9 15.3 17.0 19*2 2-01 11*1 11.0 U .2 11*4 10*7 10.5 10*0 9*8 10*2 10.0 10*1 9*7 12.5 12.0 11*7 2*853.0 3-01 11*1 11.0 11*2 1 1 .4 10*7 10*6 10*2 9*9 10*4 10*1 10*3 10.0 12.3 12.4 11*6 0*0 11*4 6*0 7*9 4*6 4*7 2*885*8 2*965.0 4-01 10*7 10*6 10*0 10*9 10*3 10.1 9*7 9*4 9 .0 9*5 9*6 9*2 11.0 10.0 9*0 2*998.3 1-02 10*2 10*0 10.1 10*2 9*6 9*4 0*9 0*6 0 .9 0*5 0 .5 0 .0 9*3 8 .9 7*0 5*1 5*2 2*3 0*0 2-77 3-77 4-77 1-70 2-70 3-70 4-70 1-79 2-79 3-79 4-79 1-00 2-00 3-00 4-00 1-01 2-01 3-81 4-01 2 ,9 9 8 .4 IN IT IA L QUARTER GROSS NATIONAL PRODUCT IN 1972 DOLLARS COMPOUNDED ANNUAL RATES OF CHANGE______________________________________________________________________ BILLIONS OF TERMINAL __________________________________________________________________IN IT IA L QUARTER______________________________________________________________________ DOLLARS QUARTER ANNUAL RATES 2-77 __ 3-77 4-77 1-70 2-75 3-70 4-70 1-79 2-79 3-79 4-79 1-00 6*7 4*2. 1*7 1-78 3 .8 2 .4 3 .1 5*1 4 .5 6*0 9*0 4*9 4*4 5 .3 6 *4 3*9 4-78 6*1 4*7 5*4 4 .6 5.3 4*8 4*5 5*1 5*5 4.4 4*6 3*9 2-79 4*& 3*6 3*9 4 .0 2*0 2*5 1*0 -1 *7 3-79 4*0 3 .6 3 .9 4 *0 3*1 2*9 2*0 1*1 4*1 3*6 2*7 2*4 1*7 1*0 2 .3 0*6 3 .5 2.7 2.5 2*0 1*5 2 .6 1*0 3*1 2*0 1*9 1*1 0 .7 - 0 .1 —0*9 -0 *7 -2 *2 -3 * 6 2*0 2 .1 2 .0 1*2 0 .9 0*2 -0 *4 -0 *1 -1 *1 -1 .7 -4 *0 2 .4 3-81 4-81 1.432*8 4 .9 2-00 2-01 1*446*7 1-79 3*6 1-01 1*402.3 3 -7 « 3 .6 4-00 1*391*5 2-78 1-00 3-00 1*305*0 3-77 4-7 7 4-79 2-00 3*3 3*5 1*465.0 1*479*9 1*473.4 1*400.2 1*490.6 1*501.9 -9 *9 1*463*3 2.4 1.471*9 3-00 2*4 4-00 2 .5 2*2 2 .2 2 .1 1.5 1.2 0*7 0.2 0*6 -0 *1 -0 *3 -1 * 4 3*1 3*0 1-81 2 .9 2 .6 2 .7 2 .6 2.1 1.9 1*5 1.2 1.7 1.3 1*4 1*0 4.9 6*1 0*6 2-01 2 .6 2*3 2 .3 1.8 1.6 1.2 0.9 1.2 0*0 0*9 0 .5 3.2 3 .5 3*4 1.405*6 1.516*4 ♦6 1*510.4 3-01 2 .5 2*3 2*3 2 .2 1.7 1.6 1.2 1.0 1.3 0*9 1*0 0 .6 2.9 3.0 2*7 -0 *1 1 .4 4-01 2t 1 1*9 1*9 1*0 1.3 1.1 0.7 0.5 0 .7 0*3 0*3 -0 *1 1*6 1*4 0*9 -1 *6 —1*6 -4 * 5 1-02 1.0 1*5 1*5 1 .4 0*9 0 .7 0*4 0.1 0*3 -o * I - 0 .2 -0 .6 0.0 0 .6 -o *i - 2 .1 -2 * 3 —4* 1 -3 *7 2-77 3-77 4-7 7 1-78 2-78 3-78 4-70 1-79 2-79 3-79 4-79 1-00 2-00 3-00 4-00 1-01 2-01 3-81 4-01 1*515.8 1.490*4 1*404*5 IN IT IA L QUARTER PREPARED BY FEDERAL RESERVE BANK OF S T * JUNE 2 1 » 1982 12 LO U IS GROSS RATI O SCALE T R I L L I O N S OF 3 3 3 NATIONAL QUARTERLY DOLLARS TOTALS SEASONALLY AT P R OD U C T RATIO SCALE T R I L L I O N S OF D O L L A R S AN N UA L RATES ADJUSTED 0 9 8 2 2 2 2 2 2 2 2 7 6 5 4 •7 vj . 2 2 Ü . . s .9 . 8 .7 .o 3 2 1974 1975 1976 1977 1978 1979 SOURCE-. PERCENTAGES ARE LATEST PLOTTED: D A TA A NNUAL RATES 1ST OF C HA NG E FOR PERIODS 1980 U.S. 1981 DEPARTMENT 1982 OF C OMME R C E INDICATED. QUARTER PREPARED 13 BY FEDERAL RESERVE BANK OF ST. LOUIS GENERAL RAT I 0 PRICE INDEX* SCALE RAT I 0 19 7 2 n 10 0 1974 *AS USED SCALE 19 7 2 = 1 0 0 1975 IN 1976 NATIONAL I NCOME PERCENTAGES ARE LATEST PLOTTED t DATA ANNUAL RATES 1ST 1977 1978 1979 ACCOUNTS OF 1980 S OURCE: CHANGE FOR PERIODS U.S. 1981 DEPARTMENT 1982 OF COMMERCE INDICATED. QUARTER PREPARED BY FEDERAL R ES ER VE BANK OF ST. LOUIS IM PLICIT PRICE DEFLATOR FOR CROSS NATIONAL PROOUCT ___________ COMPOUNDED ANNUAL RATES OF CHANGE_____________ IN IT IA L QUARTER TERMINAL QUARTER 2 -7 7 3 -7 7 4 -7 7 1 -78 2-78 3 -7 8 4 -7 8 3 -7 7 5 .4 4 -7 7 5 .8 6 .3 1 -7 8 5 .8 6 .0 5 .8 2 -7 8 7 .0 7 .5 8 .2 1 0 .6 3 -7 8 7 .1 7 .6 8 .0 9 .2 4 -7 8 7 .6 8 .0 8 .5 9 .4 8 .7 9 .8 1 -7 9 7 .7 8 .1 8 .4 9 .1 8 .6 9 .1 8 .4 2 -7 9 7 .7 8 .0 8 .3 8 .9 8 .4 8 .7 8 .1 1 -7 9 2 -7 9 3 -7 9 4 -7 9 1972 * 100 1-80 2-80 3 -8 0 4 -8 0 148.63 7 .7 151.42 154.99 158.16 161.17 7 .8 164.23 8 .0 8 .3 8 .7 8 .3 8 .5 8 .0 7 .8 7 .8 7 .8 8 ,0 8 ,3 8 .6 8*3 8 .4 8 .1 7 .9 8 .0 8 .1 1 -8 0 7 .9 8 .2 8 ,4 8 .7 8 .4 8 .5 8 .3 8 .3 8 .4 8 .7 9 .3 2 -8 0 8 .1 8 .3 8 .5 8 .8 8 .6 8 .7 8 .5 8 .6 8 .8 9 .1 9 .5 9 .8 167.47 171.23 175.28 3 -8 0 _ 8 ,1 8 .4 8 .6 8 .9 8 .7 8 .8 8 .6 8 .7 8 .8 9 .1 9 .4 9 .5 9 .2 4 -8 0 _8 t? 8 .6 8 .8 9 .0 8 .9 9 .0 8 .9 9 .0 9 .2 9 .4 9 .8 9 .9 10.0 1 0 .7 1 -8 1 8 .4 8 .6 8 .8 9 .1 8 .9 9 .1 9 .0 9 .1 9 .2 9 .5 9 .8 9 .9 9 .9 10 .3 9 .8 1-82 179.18 183.81 188.14 8 .3 8 .5 8 .7 8 .9 8 .7 8 .8 8 .7 8 .8 8 .9 9 .0 9 .2 9 .2 9 .0 8 .9 8 .0 6 .4 00 , * 4 -8 1 4 -0 1 14-4.93 7 .7 _ 3-01 142.91 3 -7 9 3 -8 1 2 -8 1 140.75 4 -7 9 2 -8 1 1 -8 1 8 .6 8 .7 8 .9 8 .8 8 .9 i*e 8 .9 9 .0 9 .1 9 .3 9 .3 9 .2 9 .2 8 .6 8 .1 9 .9 8 .4 8 .6 8 .8 9 .0 8 .9 9 .0 8 .9 8 .9 9 .0 9 .2 9 .3 9 .3 9.2 9 .2 8 .9 8 .6 9 .7 9 .5 8 .3 7 .8 7 .4 7 .7 6 .6 3 .8 3-80 4 -8 0 1-81 2 -8 1 3 -8 1 4 -8 1 8 .2 8 .4 8 .5 8 .7 8.5 8 .6 8 .5 8 .5 8 .6 8 .6 8 .7 8 .6 8 .4 2 -7 7 3 -7 7 4 -7 7 1-78 2-78 3-78 4 -7 8 1 -7 9 2 -7 9 3 -7 9 4 -7 9 1 -80 2 -80 191.06 195.61 200.10 201.99 IN IT IA L QUARTER PREPARED BY FEOERAL RESERVE JUNE 2 1 » 1982 14 BANK OF ST* LO UIS PERSONAL CONSUMPTION EXPENDITURES IN CURRENT DOLLARS ______________ÇQHPOUNOEO ANNUAL RATES OF CHANCE________________ BILLIO NS OF DOLLARS AHNUAL RATES IN IT IA L QUARTER QUARTER 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2-78 3 -7 8 4 -7 8 1 -7 9 2 -7 9 3 -7 9 4 -7 9 1 -8 0 2-BO 3-BO 4-BO 1 -6 1 2 -6 1 3 -6 1 4 -fll 1 ,2 1 7 .4 ?~77____ IQ , 9 - 4 ^g ____ u * e 1 -78____ 10» 5 10*3 _ 2 r I 8 ____ 12,1 1 2.5 ____1 ^ 2 —12* ? - 4~iZ8_____121? 1 -7 9 1 2 ,3 1 ,2 5 4 .3 i2 ,a U t? 12 .6 1,276 7 .6 1 2 .4 1 7 .2 12t4 14*» 14tT 12.5 1?*4 1 3.0 1 1 ,3 3 0 1 ,3 6 v >9 U t? 1 ,416 » 6 14*3 12.6 1 2 .7 1 ,4 5 4 .1 1 1.0 1 ,4 7 8 .0 2 -7 9 1 1.6 1 1,7 1 1.5 1 2 .3 11.1 1 0 .7 8 .9 6 .7 3 -7 9 1 1,9 1 2.1 12*0 1 2 .7 11*8 1 1 .6 1 0 .7 1 0 .6 1 4 .6 4 -7 9 12,2 1 2,4 1 2.3 1 3 .0 12.3 1 2.2 1 1.7 1 1 .9 1 4.6 14.7 1-80 1 2.3 1 2.4 12*4 1 3 .0 12.4 1 2 .3 1 1 .9 1 2 .2 1 4.0 13.8 1 2 .9 2 -8 0 11.1 1 1.1 1 1 .0 1 1 .3 10.6 1 0.3 9 .7 9 .4 1 0.1 8 .6 5 .7 -1 .0 3 -8 0 11.3 1 1.4 11.3 1 1 .6 11.0 1 0.8 1 0.3 1 0.2 1 0 .9 10.0 8 .5 6 .4 14.3 4 -8 0 11.8 1 1.8 11.8 12*1 11*6 1 1 .5 11.2 11*2 12*0 11.5 1 0 .7 9 .9 15.9 1 7 .4 1 ,5 2 9 .1 1 ,5 8 2 .3 1 ,6 3 1 .0 1 ,6 2 6 .8 1 ,6 8 2 .2 1^751.0 1 ,8 1 0 , 1-61 1 1 .9 1 2.0 1 1.9 1 2 .3 11*9 11.8 1 1 .5 11*6 1 2.3 11.9 1 1 .4 11.0 15.3 1 5 .8 14.2 2 -6 1 1 1 .4 11.5 1 1.4 U .7 11.2 1 1 .1 10.8 1 0 .7 11.2 10.8 10.1 9 .6 12.4 1 1 .8 9 .1 4 .3 3 -6 1 1 1.5 11*5 11*5 11*7 11*3 11.2 10*9 10*9 11*4 11*0 1 0 .5 1 0 *1 12.5 12*0 1 0.2 8 *3 1 ,8 2 9 . 1 1 ,8 8 3 .9 12*5 4 -8 1 11.1 11.2 11.1 11*3 10*9 1 0.7 10*4 10*4 10*8 10*3 9 .8 9 ,4 11*2 10*6 9 .0 7 ,3 8 .8 5 .3 1-62 11*0 1 1.0 1 0.9 1 1.1 10.7 1 0.6 10.3 10*2 10.5 10.1 9 .6 9 .3 10.8 1 0 .2 8 .8 7 .5 8 .7 6 .8 2 -7 7 3 -7 7 4 -7 7 1-78 2-78 3 -7 8 4 -7 8 1 -79 2 -7 9 3 -79 4 -7 9 1-80 2-BO 3 -8 0 4 -6 0 1-81 2 -8 1 3 -6 1 1 ,9 0 8 .3 8 .3 1 ,9 4 6 .7 4 -6 1 IN IT IA L QUARTER PERSONAL CONSUMPTION EXPENDITURES IN 1972 DOLLARS 2 -7 7 3 -7 7 BILLIO N S OF DOLLARS ANNUAL RATES IN IT IA L QUARTER TERMINAL QUARTER 3 -7 7 4 -7 7 1-78 2-78 3 -7 8 4 -7 8 1-7 9 4 .9 2 -7 9 3-79 4 -7 9 1-80 2-60 3 -8 0 4 -6 0 1-81 2 -8 1 3 -6 1 4 -6 1 8 6 6 .4 8 81 .3 7*1 4 -7 7 1 -78 4 .4 4 .1 1*3 2 -7 6 5 *2 5 .3 4 *4 7 *7 884. 1 3 -7 8 5 .1 5 .2 4 .5 6 *2 4*8 4 -7 8 5 .2 5 .2 4 .8 6 .0 5.1 5 .5 1 -7 9 4 *6 4 .5 4 ,0 4 *7 3 .7 3*2 0 .9 2 -7 9 3 .8 3*7 3 .1 3*5 2 .5 1*7 -0 *1 900. 6 9 11 .2 9 2 3 .4 9 2 5 .5 -1 .2 922 » 8 9 3 3 .4 3 -7 9 3 .9 3 .9 3 .3 3 *7 2*9 2*4 1*4 1.7 4 .7 4 -7 9 3 *9 3 *8 3 *4 3 *7 3*0 2 *7 2*0 2 .3 4 .1 1 -8 0 3 .6 3 .5 3 .1 3 .3 2*7 2*3 1*7 1 .9 3 .0 2*2 0 *8 3 .6 9 4 1 .6 9 4 3 .4 2 -6 0 2 .4 2 .2 1 .7 i.e 1.0 0 .5 -0 .3 -0 .5 -0 .4 -2 .0 -4 .7 -9 * 8 3 -6 0 2 .6 2 .4 2 .0 2 .1 1.5 1 .1 0*5 0 .4 0 .7 -0 * 3 -1 *5 -2 *7 5.1 4 -6 0 2 .9 2 .8 2 .4 2 .5 2 .0 1 .7 1 .3 1 .3 1 .7 1.1 0 *6 0*5 6.1 7 .1 1 -8 1 3 .1 3 .0 2 .7 2 .8 2 .4 2 .1 1 .0 1 .9 2 .3 1 .9 1 *6 1*0 6*0 6 *4 5*8 1 *B 9 1 9 .3 9 3 0 .8 9 4 6 .8 2 -6 1 2 .8 2 .6 2 .3 2 .4 2 .0 1 .7 1 .4 1 .4 1 .7 1*3 1*0 1*0 3*9 3 *5 3 -8 1 2 .8 2 .7 2*4 2 .5 2 .1 1 .9 1 .5 1 .6 1 .9 1*6 1*3 1*4 ^*8 . 3±4 _ 2*3_ 4 -0 1 2 .5 2 .4 2 .1 2 .1 1.0 1 .5 1 .2 1 .2 1 .5 1*1 0 *8 0 .9 h $ - 2 *3 1-02 2 .6 2*4 2*2 2 .2 1.9 1 .7 1.4 1 .4 1*7 1*4 _ 1*1 1*2 2 .8 2 -7 7 3 -7 7 4 -7 7 1-70 2-78 3 -7 8 4 -7 8 1-79 2 -7 9 4 -7 9 1-00 2-60 3 -7 9 . 9 6 0 .2 “2• 1 9 55 .1 0 .5 3*3 1*1 -0 * 4 0 *5 -2 * 2 *± 5 1*6 0 .5 1*4 0 .5 3 .3 3 -8 0 4 -6 0 1-81 2 -8 1 3-61 4—8 I 96 2 .6 957. 5 9 65 .4 IN IT IA L QUARTER PREPARED BY FEDERAL JUKE 2 1 , 1982 15 RESERVE BANK OF ST. LO U IS CROSS PRIVATE OOHESTIC INVESTMENT IN CURRENT DOLLARS _____________ COMPOUNDCO AHNUAL RATES OF CHANCE______________ BILLIONS OF DOLLARS ANNUAL RATES IN IT IA L QUARTER TERMINAL QUARTER 2-77 3-77 4-77 1-79 2-79 3-78 4-79 1-79 2-79 3-79 4-79 1-90 2-80 3-90 4-80 1-91 2-91 3-01 4-81 335 .3 3 -7 7 22.5 4 -7 7 11.3 1 .1 1-78 13.6 9 .4 1 8 .4 336 .2 350 .7 2 -7 « 18.5 17.2 26 .2 3 4 .5 3-78 15.2 13.5 17 .9 1 7 .7 2.9 4-78 14.9 13.5 16*9 16*2 8.0 13*5 1-79 15.2 14 .0 16*9 16*4 10*9 15*2 2-79 15.2 14.2 16.6 16.2 12*0 15.3 16*2 15*4 3-79 13.3 12.1 13.9 13*1 9*2 10.9 10*0 6*7 -1 * 4 4 -7 9 377.7 390 .4 392*6 17*0 408.3 423.2 421.7 10.6 9 .4 10*4 9 .3 5*6 6*2 4*4 0 .6 -6 * I - 1 0 .6 1-BO 10.1 9 .0 9*9 9 .9 5*6 6*1 4*7 1*9 -2 * 4 -2 *9 410.0 2-90 7 .0 5 .7 6 .2 4 *9 1*7 1*6 -0 * 3 -3 * 4 -7 * 6 -9 * 6 3-9 0 5 .3 4*0 4*3 2*9 -0 .1 -0 *4 -2 *3 -5 * 2 -9 * 9 -1 0 *6 - 1 0 .6 -1 7 .7 -13 *4 4-90 6 .5 5 .4 5 .8 4 *7 2*1 2*0 0*6 -1 * 5 -4 * 1 3*5 5 .6 415.6 390.9 - 9 .1 -21 *7 -4 * 6 - 3 .0 1*9 -5 *7 377.1 3*5 2 3 .7 3 4 .4 397.7 45*9 1-91 9 .9 7 .9 8 .4 7*6 5*5 5*7 4*9 2*4 5 .3 5*2 16*1 2-91 9 .5 9 .7 9 .3 9*6 6.7 7*0 6*4 5*3 4*1 4.9 7 .8 9*2 17*3 29 .8 3 3 .0 2 1 .2 3-91 9 .2 9 .4 9*9 9*3 6*5 6*9 6*2 5*2 4 .1 4 .8 7 .2 7*5 14*5 2 2 .9 22*5 12.2 4-91 7 .6 6 .9 7*2 6 *4 4 .7 4*9 4 .1 3*0 1*9 2*2 4*0 3*9 9*7 13*9 11*5 1*9 1-92 6 3 .6 3*9 2 *9 1*1 1*0 0*1 -1 *2 -2 *6 -2 *7 -1 *9 -2 *7 0 .4 2*9 -0 * 8 - 9 . 9 - 1 9 .4 2-77 3-77 4-7 7 1-78 2-78 3-79 4-79 1-79 2-79 3-79 4-79 1-80 2-90 3-90 4 -e o 1-91 437.1 459.6 3 .9 463.0 443.3 - 6 . 6 -1 6 *0 <M 1 2-91 3-91 - 3 7 .7 393.8 4-01 IN IT IA L QUARTER CROSS PRIVATE OOHESTIC INVESTMENT IN 1972 DOLLARS ___________ COMPOUNDED ANNUAL RATES OF CHANGE_____________________________________________________________________ BILLIONS OF TERMINAL______________________ _________________________________________________ IN IT IA L QUARTER_________________________ _____________________________________________DOLLARS ANNUAL RATES QUARTER 3 -0 1 4 -0 1 4 -7 7 1 -7 9 2-79 3-79 4 -79 1-79 2 -7 9 3 -7 9 4 -7 9 1-90 2-90 3 -9 0 4 -9 0 1-81 2 -9 1 2-7 7 3 -7 7 3 -7 7 220.6 1 3 .6 216*5 4 -7 7 2 .6 -7 .2 1 -7 8 7 .0 3 .9 1 6 .4 9 .0 7 *5 15*7 2 -7 9 224*9 232.9 15*0 229.3 3 -7 9 5 .9 3 *9 8 *0 4 *0 -6 * 0 4 -7 9 5 .6 4 .0 7 .1 4 .1 -0 .9 4 .4 1 -7 9 6 .3 5*1 7*9 5 *7 2*9 7*5 10.6 2 -7 9 5 .7 4 *6 6 *7 4 *9 2*5 5*5 6 .0 1*7 3 -7 9 3 .9 2 *7 4 *2 2 *3 -0 *1 1*4 0*5 -4 * 2 -9 .9 4 -7 9 1*4 0*2 1*1 -0 *9 —3.3 -2 .7 -4 .4 -9 .0 - 1 3 .9 -8 .2 -1 1 *2 -1 1 *9 231.9 2 37.7 238 .7 232.6 - 1 7 .9 2 21.5 1 -90 0*9 -0 * 4 0 *4 -1 *5 -3 .6 -3 .2 -4 .7 2 -9 0 -2 .1 -3 *4 -3 *0 -5 *0 -7 *2 -7 *4 -9 * 2 -1 2 *7 -1 6 .0 - 1 9 .0 3 -9 0 -2 .7 -4 .0 -3 * 7 -5 *5 -7 .5 -7 * 7 -9 .3 -1 2 *3 -1 4 *9 -1 6 *0 -1 5 .5 -2 0 *0 -1 0 *0 0*0 11*1 7*4 17*4 2 4 .1 *f\ * o 9 .6 17*0 2 0 .1 16*2 1*0 9*3 13*4 1 4 .2 9 .6 2 *9 -3 .3 -5 .7 2 18.3 -1 9 *1 -2 9 *9 2 00.5 195.3 -1 .9 -2 .9 -2 *5 -4 *1 —5.9 -5 * 9 -7 .0 - 9 * 3 -1 1 *0 -1 1 *2 -9 * 5 1 -9 1 _ -0 .3 -1 .2 -0 *7 -2 *0 -3 .4 -3 .2 —4*0 -5 *6 -6 *7 -6 * 1 -3 *6 -3 * 1 2 -9 1 _ 0 *7 -0 .1 0 *4 -0 .7 -1 .9 -1 * 5 -2 .1 -3 * 4 -4 *1 -3 *2 -0 *5 3 -9 1 0 *9 0 *1 0 *6 -0 .4 -1 * 5 -1 .1 -1 * 6 -2 *9 —3 *3 -2 * 4 ° 4 -8 1 -0 *9 -1 * 6 -1 .2 -2 .3 —3*4 -3 *2 -3 .9 -5 * 0 -5 *7 -5 *2 -3 *5 -3 * 2 1*9 4 *5 1 -9 2 —3 t l -3 *9 -3 *7 -4 *9 -6 .0 -6 .0 -6 * 8 -9 *1 -9 .0 -8 .9 -1 * 9 -9 *1 -4 .7 -3 * 9 - 6 * 5 - 1 2 * 9 -2 0 * 9 - 3 0 * 7 2 -7 7 3 -7 7 4 -7 7 1 -79 2-78 3 -79 4 -7 8 1-79 2 -7 9 3 -7 9 4 -7 9 1-90 2-90 3 -9 0 4 -9 0 o ♦ 4 -9 0 -1 0 *7 200*5 211*6 1-91 219 .7 221*5 3 *3 206*3 -1 1 * 9 - 2 4 * 9 2 -9 1 3 -9 1 -3 6 * 2 194*4 4 -9 1 IN IT IA L QUARTER PREPAREO BY FEDERAL RESERVE BANK OF S T . JUNE 21» 1982 16 LOUIS GOVERNMENT PURCHASES OF GOODS AND SERVICES IN CURRENT DOLLARS ___________________CONPOQNOED ANNUAL RATES OF CHANGE_______________________________________________________________________ B IL LIO N S OF ________________ ______ ________________________________________ DOLLARS JE iW I f M l______________________________________________________________________ IN IT IA L QUARTER QUARTER ANNUAL RATES 2-79 3 -79 4 -7 9 3 -91 4 -6 1 1 -79 2 -7 9 2 -9 1 3 -7 9 4 -7 9 1-90 2-90 2 -7 2 _ 3-77. _ 4 t ZL__J-7J? 4 -9 0 1-91 3 -9 0 _ 3 -7 7 7 .2 4 -7 7 1 0.2 1 3 .2 1 -78 8 .5 9 .1 5 .3 2 -7 8 8 .7 9*2 7 .3 3 97.9 410 .4 4 1 5 .7 9 .4 425. 1 3 -7 8 9 .6 10.2 9 .2 1 1 .2 13,0 4 -7 8 10. 0 1 0.6 1 0 .0 1 1 .6 12.7 1 2.4 4 38 .3 1 -7 9 9 .5 9 .9 9 .2 1 0.2 10.5 9 .3 6 .3 2 -7 9 9 .1 9 .3 8 .7 9 .4 9 .4 9 .2 6 .2 451 .3 458 .2 465. 1 6 .2 4 7 5 .4 3 -7 9 9 .1 9 .3 8 .8 9 .4 9 .4 9 .5 7 .2 7 .6 9 .2 4 -7 9 1 0 .0 1 0.3 1 0.0 1 0 .7 10.9 10.5 1 0 .0 1 1.3 1 3 .9 1 9.9 1 -8 0 1 0 .7 1 1.0 10.8 1 1.5 11,9 11.6 1 1.5 1 2.9 1 5 .1 19.2 1 7,5 4 96 .4 516.8 530.0 2 -8 0 J 0 .7 1 1.0 10.8 1 1 .4 11.7 11.5 1 1.3 1 2 .4 1 4.0 15.6 1 4,0 1 0,6 3 -8 0 10.0 1 0 .3 1 0.0 1 0 .5 10.6 1 0.3 1 0 .0 1 0 .7 11.6 12.2 10,1 6 ,6 2 .7 4 -8 0 10.7 1 1.0 10.8 1 1 .3 11.5 1 1.4 1 1.3 1 2 .0 1 3 .0 13,8 12, 5 1 0 .9 11.1 2 0 ,2 1-8 1 1 0.9 1 1.2 11.0 1 1.5 11.7 1 1 .6 1 1.5 12.2 1 3.1 1 3.7 12,7 11.6 11.9 1 6,9 1 3 ,4 2 -8 1 10.2 1 0 .4 10.2 1 0.6 10.7 10.5 1 0 .4 10.9 1 1.4 11.7 10,6 9 .3 8 ,9 1 1.1 6 ,8 0 ,6 3 -8 1 10. 1 1 0.3 10.1 1 0.5 10.5 10.3 1 0.2 1 0.6 11.1 11,3 1 0,3 9 .1 8 ,8 1 0 ,4 7 ,3 4 ,3 1 1 .3 4 -8 1 1 0.9 1 1 .1 1 1.0 11.5 1 1.4 1 1,3 1 -82 1 0 .4 1 0 .6 1 0.5 j o . e 10.9 1 0.7 1 0 .6 2 -7 7 3 -7 7 4 -7 7 2-79 3-79 4 -7 9 1 1 .3 1-78 1 1.9 1 -7 9 533.5 556.6 576.5 577.4 5 88.9 8 .2 1 2.3 12,7 1 1.9 11.2 11,3 1 3 ,1 1 0 ,7 1 6 .0 2 4 .5 J U *4 11.7 1 0 ,9 10.1 10,0 1 1 ,3 9 ,6 9 ,7 U .5 13 ._i_ 2 -7 9 3-79 4 -7 9 1-80 2 -90 3 -8 0 4 -9 0 1-81 2 -9 1 3—81 622*0 2 ,9 626 .4 4 -9 1 IN IT IA L QUARTER GOVERNHENT PURCHASES OF GOOOS AND SERVICES IN 1972 DOLLARS ______________ CONFOUNDED ANNUAL RATES OF CHANGE______________________ B ILLIO N S OF DOLLARS ANNUAL RATES IN IT IA L QUARTER TERMINAL QUARTER 2 -7 7 3 -7 7 4 -7 7 1-79 2-79 3-79 4 -7 9 1-79 2 -7 9 3 -7 9 4 -7 9 1-90 2-90 3 -9 0 4 -9 0 1-91 3 .4 4 -7 7 3 ,2 3 .0 1 -79 1 .6 0 .7 -1 .6 1 .9 1 .3 0 .4 2 .5 3-79 2 .5 2 ,3 2 .1 4 .0 4 -7 8 2 .1 1 .9 1 .6 2 .7 2 .9 0 ,1 1 -79 1 .9 1 ,7 1 .4 2 .2 2 .1 0 ,4 2 -7 9 1 .6 1 ,4 1 .1 1 .7 1,4 0 .1 0 .1 -0 .4 3 -7 9 1 .6 1 ,3 1.1 1 .6 1.4 0 .4 0 .5 0 .4 1 .1 4 -7 9 2 .0 1 ,9 1 .7 2 .2 2 .2 1 .5 1 .9 ¿♦Z 3 .6 6# 1 1 -90 2 .5 2 .4 2 .3 2 .9 2.9 2 .4 2 .9 4 .7 6 .5 6 .9 2 -9 0 2 ,5 2 ,4 2 .3 2 .9 2 .8 2 .4 2 .9 3.2 4 .1 5.2 4 .7 4 -9 1 274 ,6 276 .3 2 80.0 5.5 280,1 0 .7 290 .6 280 .3 281. 1 2 9 5 .3 290. 1 2 91 ,9 2 .5 3 -9 0 1 .9 1 ,7 1 .6 2 .0 1.9 1.5 1 .6 1.9 2 .2 2 ,5 1 .4 -1 .3 -5 .0 4 -9 0 1 .9 1 .9 1 .7 2 .0 1.9 1 .5 1 .7 1 .9 2 .2 2 .5 1 .6 -0 .1 -1 ,4 1-91 2 ,1 2 .0 2 .0 2 .3 2.2 1.9 2 .1 2 .3 2 .7 2 .9 2 .3 1 .2 0 .9 3 .9 5 .3 0 .6 -0 .2 -5 .5 -3 .6 1 .6 3 -9 1 2 75,7 2 -7 9 2 -9 1 2 -8 1 2 73 .7 3 -7 7 1 .5 1 .4 1 .6 1,6 1.2 1 .3 1.4 1 .6 1,7 1 .0 -0 .2 -0 .9 288 .2 2 .2 2 8 9 ,a _ 2 93 .6 2 89 .5 3 -9 1 1 .4 1 ,3 1 .2 1 .4 1,3 1.0 1 .1 1.1 1 .3 1,3 0 .6 -0 .4 -1 .0 0 .0 -0 . 7 4 -9 1 1 .9 1 .9 1 .7 2 .0 1,9 1.7 1.9 1 .9 2*1 2,2 1 .9 1 .0 0.9 2 .0 1 .9 0, 8 4 .1 1 0,2 1.8 1 .6 1 .7 1 .7 1 .9 2,0 1 .6 0 .9 0 .7 1 .7 1 .6 0 .6 2 .8 5 .1 0 .1 2-79 3-79 4 -7 9 1-79 2 -7 9 3 -7 9 4 -7 9 1-90 2 -«) 3 -9 0 4 -9 0 1-91 2 -9 1 3-61 4 -6 1 1-92 1 .9 1 .7 1 .6 1 .9 2 -7 7 3 -7 7 4 -7 7 1-79 -1 .6 2 88 .3 2 95 ,4 295 ,5 IN IT IA L QUARTER PREPARED BY FEDERAL RESERVE BANK OF S T . JUNE 2 1» 1992 17 LOUIS DISPOSABLE PERSONAL INCOME IN CURRENT OOLLARS CONPOOWgp ANNUAL RATES OF CHANGE__________ J gRHINAL_________ _______________________________________________________________IN IT IA L QUARTER______________________________________________________________________ OOLLARS ANNUAL RATES QUARTER 3 -e i 1-79 4—78 2 -8 1 4 -8 1 2 -7 9 3 -7 9 4—79 1-8 0 2-80 3 -8 0 4 -8 0 1-81 2-78 3 -7 8 3 -7 7 2 -7 7 4 -7 7 1 -7 8 1 « 3 3 2 .1 3 -7 7 13*4 4 -7 7 1 2 .3 1 1 .2 1 -7 8 1 1 .2 1 0 .1 9 .1 2 -7 8 1 1 .6 1 1 .0 10 *9 1 2 .8 3 -7 8 1 1 .7 1 1.3 1 1 .3 1 2 .4 1*3 67 .8 1 .3 98 *0 1 .4 4 0 .7 U tO 1 .4 8 2 .1 1 .5 3 1 .0 4 -7 8 1 2 .0 1 1 .8 1 1 .9 1 2 .9 12*9__ 1 3 .9 1 -7 9 1 2 .2 1 2 .1 1 2 .2 1 3 .0 13.1 1 3 .7 1 3.5 2 -7 9 1 1.8 1 1«? 1 1 .6 1 2 .1 11.9 1 1 .9 1 1.0 8 .5 3 -7 9 1 1 .9 1 1 .8 1 1.8 1 2 .3 12.2 1 2 .3 1 1 .7 10.8 1 3 .3 4 —79 1 1 .9 1 1 .7 11.8 1 2 .2 12.1 1 2.1 1 1 .7 11.1 1 2 .4 11.6 1 .5 8 0 .3 1 .6 1 2 .8 1 .6 6 3 .8 1 ,7 1 0 .1 1 *7 65 .1 1 -8 0 1 2 .0 1 1 .9 1 2.0 1 2 .4 12.3 1 2 .4 1 2.1 1 1 .7 1 2.8 1 2.5 1 3.5 2 -e o 1 1 .4 1 1.2 1 1.2 1 1 .4 11.3 1 1 .2 1 0.7 1 0.2 1 0 .6 9 .8 8 .8 4 .4 3 -8 0 1 1 .5 1 1 .4 1 1 .4 1 1 .6 11.5 11.4 11.1 1 0.7 1 1 .1 1 0.6 1 0.3 8 .7 13.3 4 -8 0 1 1 .6 1 1 .5 1 1 .5 1 1 .7 11.6 1 1 .6 1 1 .3 1 1.0 11*4 1 1.1 1 0.9 10.1 13.1 1 2 .8 1—81 1 1 .6 1 1 .5 1 1 .5 1 1 .7 11.6 1 1 .5 1 1 .3 1 1.0 1 1 .4 11.1 1 1.0 10.4 12.4 1 2 .0 11.1 2 -8 1 1 1 .4 1 1.2 1 1.2 1 1 .4 11.3 11.2 1 1.0 10.7 1 1.0 10.6 1 0.5 9 .9 11.3 1 0.6 9 .6 8 .0 1 *7 84 .1 1 *8 40 .6 1 *8 97 .0 1 .9 4 7 .8 1 .9 8 5 .6 3 -8 1 1 1.4 1 1 .3 1 1.3 1 1 .4 11.3 1 1 .3 li.O 10.8 1 1 .1 10.8 1 0.7 10.2 U *4 1 0 .9 1 0 .3 9 .9 1 1 .9 4 -8 1 11.3 1 1.2 1 1.2 1 1 .3 11.2 1 1.1 10 .9 10.7 1 0 .9 10.6 10.5 10.1 11.1 1 0.6 1 0.1 9 .7 1 0.6 9 .4 2 .0 4 2 .0 1 -82 1 0 .9 1 0.8 1 0.8 1 0 .9 10.8 1 0.7 10 .4 10.2 1 0 .3 1 0.0 9 .9 9 .4 10.2 9 .6 9 .0 8 .5 8 .7 7 .1 4 .8 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2-78 3 -7 8 4 -7 8 1-79 2 -7 9 3 -7 9 4 -7 9 1-80 2-80 3 -8 0 4 -8 0 1-81 2 -8 1 3 -8 1 4 -8 1 2 .0 8 8 .5 2 .1 1 3 .3 IN IT IA L QUARTER DISPOSABLE PERSONAL INCONE IN 1972 DOLLARS COMPOUNDED ANNUAL RATES OF CHANGE____________________________________________________________________ BILLIO NS OF TERNIHA l ________________________________________________________________________ IN IT IA L QUARTER______________________________________________________________________ DOLLARS QUARTER ANNUAL RATES 1-79 2 -7 7 2 -7 9 3 -7 9 4 -7 9 3 -7 7 4 -7 7 1-80 3 -6 0 4 -8 0 1 -7 8 2-78 1-81 2 -6 1 4 -6 1 3 -7 8 4 -7 8 2-60 3 -6 1 3 -7 7 7 .3 4 -7 7 6 .4 5*5 1 -7 8 5 .1 4 .0 2 .5 2 -7 8 4 .7 3 .9 3 .1 3 .6 3 -7 8 4 .6 4 .0 3 .5 4 *0 4 .3 4 -7 8 4 .7 4 .2 3 .9 4 .3 4.7 5 .0 1 -7 9 4 .5 4 .0 3 .7 4 .0 4 .1 4 .1 2 -7 9 4 .0 3 .5 3 .2 3 .3 3.2 2 .9 1.8 0 .5 3 -7 9 3 .9 3 .5 3 .2 3 .3 3 .3 3 .0 2 .4 2 .0 3 .5 4 -7 9 3 .6 3 .2 2 .9 3 .0 2.9 2 .6 2 .0 1.6 2 .2 1—80 3 .4 3 .0 2 .7 2 .8 2 .6 2*4 1 .8 1 .5 1 .9 1*0 1 .3 2 -8 0 2 .7 2 .3 1 .9 1 .9 1*7 1 .3 0 .7 0 .2 0 *1 -1 * 0 -1 * 9 -4 .9 .3 -G O 2 *8 2 .4 2 .1 2 .1 1.9 1 .6 1 .2 0 .8 0 .9 0 *3 0 .1 -0 .5 4.1 4 -8 0 2 .8 2 .5 2 .2 2 .2 2.0 1.8 1 .4 1.1 1*2 0*8 0 *8 0 .6 3 .5 2 .9 1 -8 1 2 .8 2 .5 2 .3 2 .2 2*1 1 .9 1 .6 1 .4 1 .5 1*2 1 *2 1 .2 3 .3 2 .9 3 .0 2 —81 2 .7 2 .4 2 .2 2 .2 2.1 1 .8 1 .5 1.4 1 .5 1 .2 1 .2 1 .2 2 .8 2 .4 2 .2 3 -8 1 2 .7 2 .4 2 .2 2 .2 2.1 1 .9 1 .6 1 .5 1 .6 U4 1 .4 1*5 2 .8 2 .5 4 -8 1 2 .6 2 .4 2 .2 2 .2 2 .1 1 .9 1 .6 1 .5 1*6 1*4 1 .5 1*5 2*6 2 .3 1 -8 2 2 .5 2 .3 2 tl 2 .0 1.9 1 .8 1 .5 1 .4 1 .5 UJ 1 .3 1 .3 2 .2 1 .9 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2—78 3 -7 8 4 -7 8 1-79 2 -7 9 3 -7 9 4 -7 9 1 -80 2-80 3 -8 0 9 46.1 9 60 .9 966.8 9 75.5 9 85 .9 996 .0 3 .1 1 *0 0 5 .7 1 .0 0 6 .9 1 .0 1 5 .7 0 .8 1 .0 1 7 .7 1 .0 2 1 .0 1 .0 0 8 .2 1 .0 1 8 .5 1 .0 2 5 .8 1 .0 3 3 .3 1 .4 1 *0 36 .8 2 .3 2 .0 2 .6 1 .0 4 3 .6 2 .2 1 .9 2 .2 1 .7 1 .7 1 .4 1 .4 0 .8 0 .0 4 -8 0 1-81 2 -8 1 3 -6 1 4 -6 1 1 *0 4 7 .9 1 .0 4 8 .0 IN IT IA L QUARTER PREPARED BY FEDERAL RESERVE BANK OF S T . JUNE 21» 1962 18 LOUIS CORPORATE PROFITS AFTER TAXES* COMPOUNDED ANNUAL RATES OF CHANGE BIL LIO N S OF -IE&ftlNAL________________________________________________________________________ IN IT IA L QUARTER_______________________________________________________________________DOLLARS QUARTER ANNUAL RATES 4 -7 9 3 -8 1 4 -8 1 2 -7 9 3 -7 9 1-60 4 -6 0 1-8 1 2 -6 1 3 -7 8 1 -7 9 3 -8 0 1-78 2 -7 7 3 -7 7 4 -7 7 2 -60 2-78 4 -7 8 3 -7 7 ___ 1 6.8 123.3 _ i-7 7 9 .3 2 .3 1 -7 8 7 .7 3 .4 4 .6 2 -7 8 1 5.7 1 5.3 2 2 .4 4 3 .3 3 -7 8 16.1 1 5.9 2 0 .8 2 9 .9 17.7 4 -7 8 1 9.9 2 0 .6 2 5 .6 3 3 .6 29.0 4 1 .3 1 -7 9 2 0 .6 21.2 2 5 .4 3 1 .3 27.5 3 2 .7 2 4 .6 2 -7 9 17.8 1 7.9 20*8 2 4 .3 20.0 2 0 .7 1 1 .6 0 .0 3 -7 9 18*5 1 8 .7 2 1 .2 2 4 .2 2 0 .7 2 1 .5 1 5 .5 11*2 4 -7 9 15.0 14.8 1 6.5 18 .3 14.5 1 3 .9 6 .0 2 .9 1 -6 0 1 7.1 17.1 1 8 .9 2 0 .8 17.9 1 7 .9 1 3.7 1 1 .1 15.1 1 1.0 3 9.8 2 -8 0 7 *3 6 *5 6 *9 7 .2 3 .3 1 .4 -4 .0 -8 .9 -1 1 .0 - 2 0 .3 -2 4 .1 -5 8 .8 _ » 124.0 125.4 137.2 142 .9 1 55.8 164.6 164.6 173.6 2 3*7 4 .4 -1 1 .9 168.2 182 .9 1 46.5 3 -6 0 9 »5 8 .9 9 .5 1 0 .0 6 .8 5 .5 1.2 -2 .2 -2 .7 -8 .4 -7 .1 -2 4 .3 39.1 4 -6 0 9 .8 9 .2 9 .8 1 0 .3 7 .5 6 .4 2 .7 -0 .1 —0 * I -4 .3 -2 .3 -1 3 .3 25.8 1 3 .7 1 -6 1 9 .9 9 ,5 7*9 _ 7 .0 3 *7 1*4 1*6 -1 .7 0 .5 -7 .5 21.2 1 3.1 1 2 .5 2 -6 1 6 .5 5 .9 6 .1 6 .2 3.6 2 .4 -0 .8 -3 .3 -3 .7 -7 .1 -6 .2 4 .2 -5 .3 - 1 3 .6 -3 3 .7 -6 .4 -1 4 .7 10*0 _ 1 0 .5 - 1 3 .4 159.1 164.3 169.2 152.7 3 -6 1 6 *7 6tl 6 *4 6 .5 4U 3 .0 0 .1 -2 .0 -2 *3 -5 .1 -4 .1 -9 .9 5 .3 -1 .8 4 -6 1 4 .4 3 .7 3*8 3 .8 1 .4 0*2 -2 * 6 -4 .7 -5 .2 -8 .0 -7 .5 -1 2 .8 -l.l -7 .7 -1 2 .4 -1 9 .3 - 1 1 .1 - 2 8 . 0 1-6 2 -0 .1 -1 .0 -l.l -1 .5 -3 .9 -5 .3 -8 .2 -1 0 .5 - 1 4 .5 -1 9 .6 -1 1 .6 -1 8 .0 -2 3 .2 -3 0 .2 - 2 9 .0 - 4 2 . 9 2 -7 7 3 -7 7 4 -7 7 1 -7 8 2-78 3 -7 8 4 -7 8 1 -7 9 2-60 3 -6 0 NATIONAL - 1 1 . 4 - 1 4 .3 2 -7 9 3 -7 9 4 -7 9 1-80 4 -6 0 1-8 1 9 .8 2 -6 1 156.3 3 -6 1 1 44.0 - 5 4 .8 118.1 4 -6 1 IN IT IA L QUARTER INC OWE BASIS________ _______________________________________________________________ PREPARED BV FEDERAL RESERVE BANK OF ST. JUNE 21» 1982 HISTORICAL SOURCES OF NATIONAL INCOME AND PRODUCT ACCOUNTS DATA The NIPA estimates for 1929-76 are in The National Income and Product Accounts of the United State s, 1929-76: S t a tis tic a l Tables (Stock number U03-010-00101-1, price $10.00). E stim a te sfo r 1576-79 are in National Income and Product Accounts, 1976-79, (Stock number OO3-O1O-72188-0, price $4.55). Estimates for the period since 1979 appear monthly in the Survey of Current Business. These publications present the results oT- the comprehensive revision of the national income and product accounts described in the December 1980 Survey, and 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 D ivision (BE-54) Bureau of Economic Analysis, U.S. Department of Commerce, Washington, D.C. 20230. Telephone (202) 523-0669, Mr. Robert P. Parker. 19 LOUIS INVENTORIES COMPARE D WI T H MANUFACTURING AND MONTHL Y SALES* TRADE . 68 68 . 64 64 . 60 60 . 56 56 . 52 52 i .5cr . 48 48 . 44 44 . 40 40 . 36 36 32 1 1968 1969 1970 1971 * R A T I OS BASED ON SHADED AREAS REPRESENT LATEST DATA 1972 SEASONALLY PLOTTED: ADJUSTED PERIODS APRIL 1973 OF 1974 1975 1976 1977 DATA. BUSINESS 1978 SOURCE: 1979 1980 U . S . DEPARTMENT 1981 OF 1982 COMMERCE RECESSIONS. PRELIMINARY PREPARED 20 BY FEDERAL RESERVE BANK OF ST. LOUIS
@FedFRASER