Full text of National Economic Trends : March 1983
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n m io n m Econom ic m o o s P R E P A R E D B Y F E D E R A L R E S E R V E B A N K O F ST. LO U IS M O N T H E N D IN G : F e b r u a ry E c o n o m ic y e a r 1 .2 r e a l fin a l p e rc e n t m e t o u t G N P ra te o f T h e in r a te fo r a n y p e rc e n t r a te 7 .3 p e rc e n t o f t h is o f y e a r, th e th re e Ja n u a r y - F e b r u a r y m o n th s fro m o f A u g u s t to a n d m o n th s o f 1982, Ja n u a r y a n d P r o d u c tiv ity o u tp u t th e m e a s u re s th ir d ro s e a t q u a rte r a a tta in e d g ro w th r a te 0 .9 o c c u rre d fro m th e T h e r e c e s s io n . q u a rte rs , d e c lin e d th ir d p e a k re c e n t F ro m a q u a rte r d e c lin e d a t to 0 .8 o f o n ly 1 .8 in to d e c lin e d 1 9 8 1 , a en d s a le s , o f la s t a t h o w e v e r, so a w a s th a t r e a l r a te . p e rc e n t a t o n ly a a t a m o n e y th e o f g re w sh a rp a 3 .0 g ro w th p r io r 1 4 .1 p e rc e n t is th e re c o rd p r o d u c tio n 1 3 .4 r a p id ly ra te in th e g re w h o u s in g in Ja n u a r y a n d a v e ra g e d in th e th re e f la t m o st la s t th a t 6 .1 p e rc e n t in th e a s e c to r; m o n th s a s la s t r a te a t F e b ru a ry r e c e n tly , fro m a th a n w a s in th e o f th e th re e in c r e a s e th e 0 .6 o f 1982; o f 3 .9 th e f e ll 1982 d u r in g to p e r th e F ro m th e h o u r p e rc e n t s e v e n o f in a c t iv it y . th e la s t T h e 1 0 .4 In th re e c iv ilia n p e rc e n t in fo r c e . s tro n g o u tp u t p r e v io u s o f la b o r th a n u n c h a n g e d . D e c e m b e r e m p lo y m e n t. 1 98 2, m e a s u re s lo w e r v ir t u a lly in u n u s u a lly to o th e r s lig h t ly w a s in p a s t th e a v e ra g e r e c e s s io n s . p r o d u c t iv it y y e a r, r e c e s s io n b u s in e s s r a te M u c h g re w o f o f a t in s e c to r in c r e a s e t h is a th u s p e a k 2 .9 re c e n t p e rc e n t 198 2. e x p e r ie n c e F o r m o s t s h o w e d p e rc e n t o f tro u g h e m p lo y m e n t l) o f in d u s tr ia l a n n u a l le v e l w e a k e r q u a rte r a p a c e e f fe c ts ( M y e a r . q u a rte r a t in itia l s u r p a s s in g u n c h a n g e d th a n th e p r o d u c t iv it y p e rc e n t 1983 d e c lin in g r e d u c tio n e x p a n d in g b e e n s a le s b e e n fa s te r fo u rth a n u n it r e la tiv e fir s t p e a k a t r e d u c t io n s th e r a te , th e th e G N P to th e 3 1, q u a rte r a ft e r in s to c k r a p id e x p a n d e d h a v e 1 0 .8 h a s a ft e r F e b r u a ry , e m p lo y m e n t o f tro u g h s in c e fir s t r e a l a t to h a s b e e n fro m e x p a n d e d p e rc e n t fro m th is th e m o n e y 1959, e m p lo y m e n t p a y r o ll 1981 fo u rth r a te , in v e n to r y r e f le c ts re c e n t in v ir t u a lly h a s g ro w th o f M a rc h 198 0. u n it s su c h o f b e c a u s e h a v e o f m illio n w a s d e c lin e d F e b r u a ry T h e s in c e h o w e v e r, c iv ilia n w h ile ra te th e in c r e a s e o f T h e 1983, e n d in g 1 .2 6 g ro w th F e b r u a ry , u n e m p lo y m e n t y e a r. m illio n F e b r u a ry E m p lo y m e n t Ja n u a r y th e In a n n u a l T h is p a c e la r g e ly p e r io d N e v e r th e le s s , 1982 re c o rd a c t iv it y a v e ra g e 1982. a F e b r u a ry m o n th s s a le s , r e c e n tly . p e rc e n t e x p a n s io n . la s t 1 .7 3 a b o v e 5 .4 q u a rte rs . N o v e m b e r E c o n o m ic R e t a il a s ix in to o f to a v e ra g e d w e ll 1982. 1982 A p r il im p r o v in g a t g ro w th s e v e n - m o n th r a te . s ta r ts s a le s Ju ly R E L E A S E D ; r a te . m o n e ta ry Ju ly fro m D u r in g p r e v io u s in to b e e n r e s u lt in g o f fro m 1983 u p w a rd 1 p e rc e n t Ja n u a r y fa s te s t h o u s in g a p a c e r a te fro m th e r e c o v e r y th e p e r c e n t o v e r a t h a s su rg e d in v e n to r ie s d e c lin e d su rg e a c t iv it y s a le s 28, c o n tra s ts th e p e rc e n t fiv e a t w ith 1 973-75 r a te , q u a rte rs a b o u t th e th a t r e c e s s io n , w h ile s in c e s a m e o f a c iv ilia n th e re c e n t r a te , th e 1973-75 p e r io d o f fiv e e m p lo y m e n t p e a k w h ile r e a l in th e G N P r a te . — Jo h n A . T a to m TOTAL CIVILIAN EMPLOYMENT compounded annual INITIAL TERMINAL MO NTH 7-81 8-81 9-81 10-8 1 11-81 12-81 1-fl? ?-ft? 3— 8 7 rates of change THnusANn^ MO N TH 4 - ft? 5—ft 2 6 - A? 7-fl? A -ft? 9 —ft ? 10-87 11 -8 ? ? OF -0 .5 -3 .8 -7 .0 10-81 -1 .6 -2 .1 10 0 .1 0 4 1 0 0.35 5 3.1 10 0 .2 2 9 11-81 -1 .5 -1 .9 0 .8 -1 .5 12-81 -2 .5 -3 .0 -1 .7 -4 .0 -6 .4 1-82 -2 .1 - 2 .4 -1 .2 -2 .6 -3 .2 <*9.677 9 9 .¿kfifi 0 .1 9 9 .6 9 5 2-82 -1 .8 -2 .0 -1 .0 -2 .0 -2 .1 0 .1 0 .1 3-82 -1 .7 -1 .9 -1 .0 -1 .8 -1 .9 -0 .3 -0 .5 -1 .2 4-82 -1 .7 -1 .8 -1 .1 -1 .7 -1 .8 -0 .6 -0 .8 -1 .3 - 1 *4 <*9.597 QQr 9 9 .9 9 4 5-82 -0 .9 -0 .9 -0 .2 —0 . 6 -0 .5 0 .8 0 .9 1 .2 2 .4 6 .3 6-82 -1 .2 -1 .2 —0 ♦6 -1 .0 -0 .9 0 .0 -0 .0 -0 .0 0 .3 1 .2 -3 .7 7-82 -1 .2 -1 .2 -0 .6 -1 .0 -1 .0 -0 .2 -0 .2 -0 .3 -0 .0 0 .4 -2 .4 9 9 .6 8 1 9 9 .5 8 8 -1 .1 8-82 -1 .0 -1 .0 -0 .5 -0 .8 -0 .7 0 .0 -0 .0 -0 .0 0 .2 0 .6 -1 .2 0 .0 1 .2 9-82 -1 .0 - l . l -0 .6 -0 .9 -0 .8 -0 .2 -0 .2 -0 .3 -0 .1 0 .1 -1 .3 -0 .6 -0 .3 -1 .7 10-82 -1 .3 -1 .3 -0 .9 -1 .2 -1 .1 -0 .6 -0 .7 -0 .8 -0 .7 -0*6 -2 .0 -1 .5 -1 .6 -3 .0 —4 . 3 1 1 —8 2 -1 .2 -1 .3 -0 .8 - l . l -1 .1 —0 . 6 -0 .7 -0 .7 -0 .7 -0 .6 -1 .7 -1 .3 -1 .4 -2 .2 -2 .4 12-82 -1 .2 -1 .2 -0 .8 - l . l -1 .0 -0 .6 -0 .7 -0 .7 -0 .7 -0*6 -1 .5 -1 .2 -1 .2 -1 .8 -1 .8 -0 .5 -0 .5 1-83 -1 .1 -1 .1 -0 .8 -1 .0 -1 .0 -0 .5 -0 .6 -0*6 -0 .6 -0 .5 -1 .3 -1 .0 -1 .0 -1 .4 -1 .3 -0 .3 -0 .2 -1*1 -1 .1 -0 .7 -1 .0 -0 .9 -0*5 -0*6 -0*6 -0*6 -0 .5 -1*2 -0 .9 -0*9 -1 .2 -1 .2 7-81 8-81 9-81 10-81 11-81 12-81 1-82 2-82 3-82 4-82 5-82 6-82 7-82 8-62 9-82 INITIAL TERMINAL MO NT H INITIAL 7-81 8-81 9-81 10-81 11-81 12-81 1-82 8-81 -1 .0 9-81 -0 .2 0 .5 CO 1 © -0*0 -0*6 -1 .8 11-81 -1 .3 -1 .4 -2 .4 -3 .0 12-81 -2 .0 -2 .2 -3 .1 -3 .8 —4 . 6 1-82 -2 .0 -2 .3 -2 .9 -3 .3 -3 .5 -2 .4 2-82 -1 .8 -1 .9 -2 .4 -2 .5 -2 .3 -1 .2 -0 .0 3-82 -1 .8 -1 .9 -2 .3 -2 .4 -2 .3 -1 .5 -1 .0 99*683 9 9 .5 4 3 9 9 .1 7 6 99 .1 3 6 -0 .5 “ 0.«_3 10-82 -0 .3 _ 11 -0 2 9 9 .0 9 3 9 9 .1 0 3 0 .1 -0 .2 -0 .5 12-62 1-03 CHANGE MO NTH 2-ft? ^_A? 9 9 .0 6 3 MO N TH PA Y R O L L EMPLOYMENT C O M P O U N D E D A N N U A L R A T E S OP S-H? 4-ft? ¿► —A 7 TH O U S AN D S OF PERSONS 7 —ft? ft-A? Q— A ? in -n ? u -ft? i-ftx 91 , 3 7 ? 91 9 1 t ?? 4, <ïfi f <i<ïiS 9 0 ,6 4 ? <*n.4*.n 9 0 .4 5 9 -2 .0 9 0 .3 0 4 9 0 .0 8 3 4-82 -1*9 -2 .0 -2 .4 -2 .5 -2 .4 -1*8 -1 .7 -2 .5 5-82 -1 .6 -1 .7 -2 .0 -2 .0 -1 .8 -1 .3 -1 .0 -1 .3 -0*9 1 .1 6-82 -1 .9 -1 .9 -2 .2 -2 .3 -2 .2 -1 .8 -1 .6 -2 .0 -2*0 -1 .6 -4 .3 7-82 -2 .0 -2 .1 -2 .4 -2 .5 -2 .4 -2 .1 -2 .0 -2 .4 -2 .5 -2 .4 -4. 1 -4 .0 -2 .9 9 0 .1 6 6 89 . 8 3 9 8 9 .5 3 5 8-82 -2 .1 -2 .4 -2 .5 -2 .5 -2 .2 -2 .2 -2 .5 -2 .6 -2 .5 -3 .7 -3 .5 -2 .9 9-82 -2 .0 -2 .1 -2 .3 -2 .3 -2 .3 -2 .0 -2 .0 -2 .3 -2 .3 -2 .2 -3 .0 -2 .5 -1 .8 -0 .6 10-82 -2 .2 -2 .3 -2 .5 -2 .6 -2 .5 -2 .3 -2 .3 -2 .6 -2 .7 -2 .7 -3 .4 -3 .2 -2 .9 -2 .9 —5 . 1 -2 .5 -2 .3 -2 .3 -2 .5 -2*6 -2*5 -3 .1 -2 .9 -2 .6 -2 .5 -3 .4 -1 .7 -2*3 -2*3 -2*5 -2*6 -2 .5 -3 .0 -2 .8 -2 .6 -2 .5 -3 .1 -2 .1 -2 .5 8 9 .3 1 2 89 ,2 6 4 8 8 .8 7 7 11-82 -2 .2 -2 .3 -2 .5 -2 .5 12-82 -2 .2 -2 .3 -2 .5 -2 .5 1-83 “ 1*8 -1*9 -2*0 -2 .0 -2 .0 -1*8 -1*7 -1 .9 -1 .9 -1*8 -2 . 1 -1 .8 -1 .4 -1 .1 -1 .2 0 .1 1 .0 4 .6 2-83 -1 .9 -1*9 -2 .1 -2 .1 -2 .0 - 1 .8 -1*8 -1*9 -1*9 -1*8 -2 .1 -1 .9 -1 .6 -1*3 -1 .5 -C .5 -0 .2 1 .0 -2 .4 7-81 8-81 9-81 10-81 11-81 12-81 1-82 2-82 3-82 4-82 5-82 6-82 7-82 8-82 9-82 10-02 11 -8 2 12-82 1-83 INITIAL P- PERSONS l -ft l 1 0 0.70 9 8-81 9-81 2-83 l ?-fl 8 8 .7 5 0 8 8 .5 6 5 8 8 .S 9 5 P 8 8 .715 P MO NT H PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF S T . MARCH 4 . 1983 2 LOUIS E M P L O Y M E N T RATIO SCALE MILLIONS OF 1975 RATIO PERSONS 1976 seasonally 1977 1978 MILLIONS ADJ USTED 1979 1980 1981 SOURCEi PERCENTAGE S ARE L AT E S T PLOT TE D: DATA ANNUAL RATES FEBRUARY OF CHAN6E FOR PERIODS U N E M P L O Y M E N T 1976 LATEST OF DATA CIVILIAN 1977 P L OT TE D : LABOR 1983 U.S.DEPARTMENT OF LABOR S T. L OUI S I N DI CAT E D. 1978 1979 BY FEDERAL RESERVE BANK OF R A T E 1980 198! SOURCE! PERCENT 1982 SCALE PERSONS PRE LI MI NA RY PREPARED 1975 OF U.S. 1982 DEPARTMENT 1983 OF LABOR PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS FORCE FEBRUARY 3 CONSUMER P R IC E INOEX FOR AL L URBAN CONSUMERS, SEASONALLY A D J U S T E D « _______________________ COMPOUNDED ANNUAL RATE S OF CHANGE_________________________ T E R M I N A L ______________________________________________________________________ I N I T I A L M O NT H _______________________________________________________________________ 1 9 6 7 « 1 0 0 8 - 81 9-61 10-8 1 1 1- 6 1 8-81 1 0 ,6 9 —61 1 1 .7 1 2 .9 1 0-8 1 9 .2 8 .5 4 .4 11-6 1 8 .3 7 ,6 5 .0 5 .7 12-61 7 .6 6 .9 5 .0 5 .3 4 .8 1 2- 8 1 1 7-81 CD MONTH 2-82 3 - 82 4-82 5-82 6-82 7-8 Z 8-82 9-82 1 0- 8 2 11-82 12-82 1-83 2 7 6 .2 2 7 9 .0 280 . 0 2 8 1 .3 2 8 2 .4 1 -62 6 .9 6 .2 4 .6 4 .7 4 .1 3 .5 2-82 6 ,0 5 .3 3 .8 3 .7 3 .0 2 .1 0*9 3-62 5 .2 4 .4 3 .1 2 .9 2 .1 1 .3 0 .2 - 0 .4 4-62 4 ,9 4 .3 3 .1 2 .9 2 .3 1 ,7 1 .1 1 .3 3 .0 5-62 5 .7 5 .2 4 .3 4 .3 4 .0 3 .9 4 .0 5 .0 7 .9 1 3 .0 6-62 6 .4 6 .0 5 .3 5 .4 5 .4 5 .5 5 .9 7 .2 9 .8 1 3 .4 1 3 .8 2 8 3 .2 2 8 3 .4 2 8 3 .3 2 8 4 .0 2 8 6 .9 2 9 0 .0 7-62 6 .5 6 .1 5 .5 5*6 5 .6 5 .7 6 .1 7 .2 9 .2 1 1 .3 1 0 .5 7 .3 8-62 6 .3 5 .9 5 .3 5 .4 5 .4 5 .5 5 .8 6 .6 8 .1 9 .4 8 .2 5 .5 3 .8 9-82 5 .9 5 ,6 5 .0 5 .0 5 .0 5 .0 5 .2 5 .8 6 .9 7 .7 6 .4 4 .1 2 .5 1 .2 10-6 2 5 .9 5 .5 5 .0 5 .0 5 .0 5 .0 5 .2 5 .7 6 .6 7 .2 6*1 4 .3 3 .3 3 .1 5 .0 11-62 5 .5 5 .2 4 .6 4 .6 4 .6 4 .5 4 .6 5 .1 5 .8 6 .2 5 .1 3 .4 2 .5 2 .1 2 .5 12-82 4 .9 4 .6 4 .1 4 .1 3 .9 3 .9 3 .9 4 .2 4 .7 5 .0 3 .9 2 .3 1 .3 0 ,7 0 .5 - 1 .6 - 3 .2 1-83 4 *6 4 .5 4 .0 3 .9 3 .8 3 .7 3 .7 4 .0 4 .5 4 .6 3 .6 2 .3 1 .4 1 .0 0 .9 - 0 .4 -0 , 6 2 ,1 2-63 4 .4 4 .1 3 .6 3 .5 3 .4 3 .3 3 .3 3 .5 3 .8 3 .9 2 .9 1 .7 0 .9 0 .4 0 .2 - 0 .9 - 1 ,2 - 0 .2 - 2 .4 7- 8 1 8 - 81 9-81 TO-61 ii- a i 12-81 1-82 2-82 3-82 4-82 5-82 6-82 7-82 8-82 9-82 10 - 8 2 11-82 12-82 1-83 IN IT IA L *O ATA B E G I N N I N G 1983 INCORPORATES RENTAL EQUIVALENCE 2 9 1 .7 2 9 2 .6 2 9 2 ,9 2 9 4 .1 0 .0 2 9 4 ,1 MEASURE. PRODUCER P R I C E I N D E X , F I N I S H E D __________________ C O M P O U N D E D A N N U A L INITIAL 7- 8 1 8-81 9-81 10 - 8 1 11-81 12-81 1 - 82 2-82 3-82 4-82 GOO OS RATES RESERVE BAN K OF MONTH 5-8 2 CO 1 O ' 10-8 1 6-82 7-82 8-82 9-82 10-82 1 1- 8 2 12-82 5 .9 4 .3 5 .6 5 .4 1-83 2 7 3 .0 2 7 4 .2 4 .3 5 .1 4 .7 4 .0 4 .4 5 .1 4 .8 4 .5 4 .9 1-82 4 .5 5 .0 4 .8 4 .6 4 .9 4 .9 2-82 3 .9 4 .3 4 .0 3 .7 3 .5 2 .9 0 .9 3-82 3 .1 3 .2 2 .8 2 .3 1 .9 0 .9 - 1 .1 - 3 .0 4-82 2 .9 3 .0 2 .6 2 .1 1 .8 1 .0 - 0 .3 - 0 .9 1 .3 5-82 2 .6 2 .7 2 .3 1 .8 1 .5 0*8 - 0 .2 —0 . 6 0 .7 0 .0 6-82 3 .5 3 .6 3 .4 3 .1 3 .0 2 .7 2 .3 2 .6 4 .6 6 .2 1 2 .8 7-82 3 .6 3 .8 3 .6 3 .4 3 .3 3 .1 2 .8 3 .2 4 .8 6 .1 9 .2 5 .7 8-82 3 .8 4 .0 3 .8 3 .6 3 .6 3 .4 3 .2 3 .6 5 .0 6 .0 8 .0 5 .7 5 .7 9-82 3 .6 3 .8 3 .6 3 .4 3 .4 3 .2 3 .0 3 .3 4 .4 5 .0 6 .3 4 .2 3 .5 10 - 8 2 3 .7 3 .8 3 .6 3 .5 3 .5 3 .3 3. 1 3 .4 4 .4 4 .9 5 .9 4 .2 3 .8 2 .8 4 .3 11-8 2 3 .9 4 .0 3 .9 3 .8 3 .8 3 .7 3 .6 3 .9 4 .8 5 .3 6 .2 4 .9 4 .7 4 .3 5 .9 3 .7 3 .7 4 .5 4 .9 5 .6 4 .4 2 7 5 .1 2 7 6 .2 2 7 7 .3 2 7 7 .5 2 7 6 .8 2 7 7 .1 2 7 7 .1 2 7 9 .9 2 8 1 .2 2 8 2 .5 1 .3 2 8 2 .8 2 8 3 .8 7 .4 2 8 5 .5 12-82 3 .8 3 .9 3 .8 3 .7 3 .5 3 .4 4 .1 3 .8 4 .6 4 .7 2 .1 1-83 2 .9 2 .9 2 .7 2 .6 2 .5 2 .3 2. 1 2 .2 2 .7 2 .8 3 .2 1 .9 1 .3 0 .4 0 .2 - 1 .1 - 5 .1 -1 1 . 9 2-83 2 .8 2 .9 2 .7 2 .5 2 .4 2 .2 2 .0 2 .1 2 .6 2 .7 3 .0 1 .9 1 .3 0 .6 0 .5 - 0 .4 - 2 .9 - 5 .3 1 .7 7-81 8-81 9- 8 1 12-61 1-8? 2- 8 2 3 - 82 4-82 5-82 6- 8 2 7-82 8-82 9-82 10- 8 2 11-82 12-82 1-83 T0-8T T R I i n i t i a l FOUR 100 2 7 1 .7 3 .8 11-8 1 FIX LOUIS 1967 * 1 2-81 *Oa T a ST* - SEASONALLY ADJUSTED* OF C H A N G E __________________ 1 .8 8-81 2 9 3 .2 MONTH P R E P A R E O BY F E D E R A L M A RC H 2 3 1 1 9 8 3 TERMINAL MO NT H 2 9 3 .3 2 9 3 *8 MONTHS AGO REVISED TO REFLECT la t e 2 8 6 .0 2 8 3 .0 2 8 3 .4 month REPORTING 4 PREPAREO BY FEDERAL RESERVE BANK OF S T * L O U I S MARCH 1 8 , 1983 RATIO P R SCALE I 967 -100 I C E S seasonally 1975 1976 1977 1978 RAT I 0 1979 1980 1981 1982 1983 CONSUMER P R I C E INDEX B E6 I N N I N G J ANUARY 1978 I S FOR ALL UR0AN CONSUMERS ( C P l - U ) . U. CPI-U OATA B E© INNI N6 1983 INCORPORATE A RENTAL EQUI VAL ENCE MEASURE FOR HOMEOINERSHIP GLCPI-U OLD S E R I E S ( TO BE DISCONTINUED IN JUNE 1983) P ERCENTAGES ARE ANNUAL R ATES OF CHANGE FOR PER 10D8 SCALE I 967-100 adjusted COSTS. I NDICATED. LATEST OATA PLOTTEDt FEBRUARY PREPARED ratio S CALE PRODUCER 1967-100 LATEST ARE ANNUAL DATA PLOTTED, R ATES FEBRUARY OF CHAN6E R E SER VE P R I C E S SEASON ALLY PERCENTAGES BY FEDERAL BANK OF ST. R A T IO A D J US T E D FOR P E RI OD S SCALE 1967-100 ! NO ICA T£0 PREPARED 5 L O UI S 8Y FEDERAL R E SER VE 8 ANP, OF ST. L OUI S PRODUCER P R IC E I N D E X , F I N I S H E D CONSUMER FOOOS - SEASONALLY A D J U S T E D * __________ ___________ COMPOUNDED ANNUAL R AT ES OF CHANGE_____________________________ T E R M I N A L ______________________________________________________________________I N I T I A L M ONT H 7-81 8-81 9-81 10-8 1 11-8 1 12-81 8-81 0 .9 9-81 - 2 .1 - 3 .0 10-81 - 2 .0 - 3 .5 11-8 1 - 3 .2 - 4 .6 - 4 .4 - 6 .8 12-8 1 - 2 .6 - 3 .5 - 2 .9 - 3 .5 0 .0 1-82 0 .1 - 0 .1 1 .2 2 .2 7 .1 1 4 .6 1-82 2-82 3-82 MO NTH_________ ______________________________________________________________ 1 9 6 7 4-82 5-82 6-82 7-82 8-82 9-82 1 0- 8 2 11-82 12-62 1-83 2 5 5 .2 - 1 .9 2 5 4 .8 2 5 3 .3 2 5 3 .3 2 5 6 .2 1 .1 1 .2 2 .5 3 .6 7 .3 1 1 .1 7 .8 3-82 0 *8 0 .7 1 .7 2 .5 4 .9 6 .6 2 .8 - 1 .8 4-82 2 .9 3 .1 4 .3 5 .4 8 .0 1 0 .2 8 .7 9 .2 2 1 .4 2 5 7 .8 2 5 7 .4 2 6 1 .6 5-82 2 .9 3 .1 4 .2 5 .1 7 .2 8 .7 7 .3 7 .2 1 2 .0 3 .3 6-82 3 .2 3 .4 4 .4 5 .2 7 .0 8 .2 7 .C 6 .8 9 .8 4 .4 5 .6 7-82 1 .2 1 .2 1 .9 2 .3 3 .5 4 .0 2 .4 1 .3 2. 1 - 3 .6 - 6 .9 - 1 7 .9 2 6 2 .3 2 6 3 .5 2 5 9 .2 8-82 1 .2 1 .2 1 .8 2 .2 3 .2 3 .6 2 .2 1 .2 1 .9 - 2 .5 - 4 .3 - 9 .0 0 .9 9-82 0 .7 0 .7 1 .2 1 .5 2 .4 2 .6 1 .2 0 .3 0 .7 - 3 .0 - 4 .5 - 7 .7 - 2 .1 - 5 .0 1 0-8 2 0 .7 0 .6 1 .1 1 .3 2 .1 2 .3 1 .0 0 .2 0 .5 - 2 .6 - 3 .7 - 5 .9 - 1 .5 - 2 .7 - 0 .5 11-8 2 0 .7 0 .7 1 .1 1 .3 2 .0 2 .2 1 .0 0 .3 0 .6 - 2 .1 - 3 .0 - 4 .6 - 0 .9 - 1 .5 0 .2 0 .9 1 2- 8 2 0 .7 0 .7 1 .1 1 .3 2 .0 2 .1 1 .1 0 .4 0 .7 - 1 .7 - 2 .3 - 3 .6 - 0 .5 - 0 .8 0 .6 1 .2 1 .4 1-83 0 .5 0 .5 0 .9 1 .1 1 .7 1 .8 0 .8 0 .2 0 .4 - 1 .7 - 2 .3 - 3 .4 - 0 .8 - l.l - 0 .1 0 .0 - 0 .5 - 2 .3 2-83 0 .9 0 .9 1 .3 1 .5 2 .0 2 .2 1 .3 0 .8 1 .0 —0 . 8 - 1 .3 - 2 .1 0 .4 0 .3 1 .4 1 .9 2 .2 2 .6 7 .7 9-81 10-81 11-êl 12-6 1 2-62 3-62 4-62 5-8 2 6-82 7-82 8-82 9-82 10-82 11-82 12-82 1-83 12-82 1-83 *OATA FOR FO UR 8-5T" MONTHS A GO REVISED TO REFLECT LATE TERMINAL M ON T H GOOOS, ANN UAL INITIAL 8 -81 9-81 1 0 -8 1 11-61 12-8 1 1- 8 2 2 5 9 .4 2 5 8 .3 2 5 8 .2 2 5 8 .4 2 5 8 .7 2 5 8 .2 2-82 3 -82 8- 8 1 2 .2 9-81 5 .6 9 .1 10-8 1 6 .4 8 .6 8 .1 11-8 1 6 .7 8 .2 7 .8 7 .6 1 2 -8 1 6 .6 7 .7 7 .3 6 .9 6 .2 1-82 5 .8 6 .6 6 .0 5 .3 4 .1 2 .2 2-82 4 .8 5 .2 4 .5 3 .6 2 .3 0 .4 - 1 .3 3-82 3 .7 4 .0 3 .1 2 .2 0 .9 - 0 .8 - 2 .3 - 3 .4 3 .0 2 .2 1 .2 0 .0 - 1 .5 - 2 .7 - 3 .4 - 3 .4 4-82 E X C L U D I N G FO OOS - S E A S O N A L L Y A D J U S T E D * R A T E S OF C H A N G E ________________________________ 1 96 7 MO NT H 5-82 6-82 7-82 8 -8 2 9-82 1 0 -8 2 1 1-8 2 2 7 8 .7 2 8 0 .4 2 8 1 .8 2 8 2 .3 2 8 2 .0 2 8 1 .2 <M CD 1 <M 00 1 2 .5 2 .5 1 .7 0 .9 - 0 .2 - 1 .4 - 2 .3 - 2 .7 - 2 .3 - 1 .3 3 .6 3 .7 3 .1 2 .5 1 .8 1 .1 0 .9 1 .5 3 .2 6 .6 1 5 .1 7-82 4 .4 4 .7 4 .2 3 .8 3 .3 2 .9 3 .1 4 .0 5 .9 9 .1 1 4 .8 1 4 .4 2 8 0 .4 2 8 0 .1 2 8 3 .4 2 8 6 .6 8-82 4 .6 4 .8 4 .5 4 .1 3 .7 3 .4 3 .6 4 .4 6. 1 8 .6 1 2 .1 1 0 .6 6 .9 9-82 4 .5 4 .7 4 .3 4 .0 3 .6 3 .4 3 .5 4 .2 5 .6 7 .4 9 .7 8 .0 4 .9 3 .0 10-82 4 .6 4 .8 4 .5 4 .2 3 .9 3 .6 3 .8 4 .4 5 .6 7 .2 9 .0 7 .5 5 .3 4 .5 2 8 8 .2 2 8 8 .9 6 .0 4 .9 5 .1 4 .8 4 .5 4 .3 4 .1 4 .3 4 .9 6 .0 7 .4 9 .0 7 .8 6 .2 6 .0 7 .5 9 .0 12-8 2 4 .8 4 .9 4 .7 4 .4 4 .2 4 .0 4 .2 4 .7 5 .7 6 .9 8 .1 7 .0 5 .5 5 .2 5 .9 5 .9 2 .9 1-83 3 .5 3 .6 3 .3 3 .0 2 .7 2 .4 2 .4 2 .7 3 .4 4 .2 4 .9 3 .5 1 .8 0 .8 0 .2 - 1 .6 —6 . 6 - 1 5 .2 N> 1 00 w 2 9 0 .3 11-82 3 .4 3 .4 3 .1 2 .8 2 .5 2 .2 2 .3 2 .6 3 .1 3 .8 4 .4 3 .1 1 .6 0 .7 0 .2 - 1 .1 - 4 .3 - 7 .7 0 .4 7-81 8-81 9-8 1 1 0 - 8 1 11-81 12-8 1 1-82 2-82 3-82 4-82 5-Ô2 6-62 7-82 8-82 9-62 10-82 11- 8 2 12-82 1-83 IN IT IA L FOUR 100 2 7 6 .9 6-82 FO R * 2 7 4 .9 2 .9 ♦O A TA 2 5 9 .8 REPORTING PROOUCER P R I C E I N D E X , F I N I S H E D ____________________________ C O M P O U N D E D 7-81 100 2 5 6 .3 2-82 7 - 81 « MO NTHS A GO REVISED TO REFLECT LATE 2 9 2 .4 2 9 3 .1 2 8 9 .1 2 8 9 .2 MONTH REPORTING PREPARED BY FEDER AL RESERVÉ BANK OF- S T . MARCH 1 8 , 1983 6 L O U IS I N D U S T R I A L RATIO P R O D U C T I O N SCALE 1975 RATIO 1976 PERCENTAGE S ARE L A T E ST P L OTTE Dt DATA 1977 ANNUAL RATES FEBRUARY 1978 OF CHANGE 1979 1980 FOR PERIODS 1981 SCALE 1982 1983 I NDI CATE D. PRE LI MI NARY PREPARED BY FE DER AL RE SERVE BANK OF S T. L OU I S INDUSTRIAL PRODUCTION COMPQUNQEO ANNUAL RATES OF CHANGE TERMINAL MONTH INITIAL MONTH 7 -81 8-81 9-81 10-81 11-81 12-81 1-82 2-82 3-82 4-82 5-82 1967 * 100 6-82 7-82 8-82 9-82 10-82 11-82 12-62 1-83 8-61 -2 * 3 153*6 9-81 —6 »6 -1 4 .6 151*6 10-81 -1 1 *9 -1 6 .3 -1 8 .1 li-e i -1 4*1 -1 7 .7 -1 9 .2 -2 0 .3 146*3 12-61 - 1 5 .6 -1 8 .6 - 1 9 .9 -20*9 -2 1 .4 143.4 149.1 -2 *1 20*5 3-82 -1 1 * 7 -1 2 .9 -1 2 .6 -11*5 - 9 .1 -4 * 7 4*3 4 -6 2 -1 1 .7 -1 2 .8 -12*5 -1 1 .6 - 9 .7 —6*5 -1 *4 -10*8 -1 2 *0 5-62 -1 1 .3 -1 2 .3 -1 2*0 -1 1 .1 - 9 .5 -6 * 9 -3*2 -1 0*0 -10*1 -8*2 6-62 -1 0 .7 -1 1 .5 -1 1*2 -1 0 .3 - 8 .7 -6 * 4 -3 *4 —8*6 -8*2 - 6 .3 t o —9*0 140.7 • -2 0 .7 -2 0*9 ? -1 6 * 4 -1 9 .0 —11 *9 -1 3 .4 -1 3 .2 -12*0 • 0 1 1-82 2-62 142.9 -9 *6 141.7 140.2 139*2 Csl • 138 *7 7-62 - 9 .8 -1 0 .5 -1 0 *0 -9 .1 - 7 .6 -5 * 4 -2 *7 -6 * 7 —6*0 -3 *9 -1 * 7 0 .9 8-62 -9 .3 - 9 .9 - 9 .5 - 8 .5 - 7 .1 - 5 .2 -2 .8 -6 *2 -5 *5 -3 *8 -2 *3 - 1 .3 -3 * 4 9 —82 - 9 .3 -9 .8 -9 *4 - 8 .6 -7 .3 - 5 .6 - 3 .6 -6 *6 •6 « 1 -4 *9 -4 *0 -4 .0 -6 *3 -9*1 10-82 - 9 .6 -1 0 .1 —9*7 - 9 .0 -7 *9 - 6 .4 - 4 .7 -7*5 -7 *1 -6 *3 -5 *9 -6 *3 -8 * 6 - lit! 11-82 - 9 .4 - 9 .9 -9 *5 - 8 .8 -7*8 - 6 .4 - 4 .9 - 7 .4 -7 .1 -6 * 4 -6 *1 —6*4 - 8 .2 -9 *7 -10*0 -6 *8 12-82 -8 .7 - 9 .1 -8*8 -8 *0 -7*0 - 5 .7 - 4 .3 - 6 .4 - 6*1 -5 *3 -4 *9 - 5 .0 - 6 .1 - 6 .8 - 6 .0 - 2 .2 2 *7 1-83 - 7 .5 -7 *8 - 7*4 -6*6 -5 *5 - 4 .2 -2*7 - 4 .6 -4* 1 - 3 *1 - 2 .5 - 2 .2 -2 *7 - 2 *6 -0 *9 3*6 9 *2 16*2 2-63 - 7 .0 - 7 .2 -6 *8 —6 . 0 -5*0 -3*7 - 2 .2 - 3 .9 - 3 .4 - 2*5 - 1 .8 - 1 .5 -1 *8 - 1 .6 0 .0 7 *3 9 *7 3 *6 7 -£ l 8- 8 1 <*-01 IÔ - Ô 1 11-01 T 2 - 8 1 I-Ò2 y-02 5 - 62 4-82 6-82 7-82 8-82 9-82 11- 8 2 12-82 1-63 138.8 138.4 137.3 -1 3 ,1 135.7 10- 8 2 134*9 135*2 136 * 9 P 1 3 7 .3P INITIAL MONTH PREPARED BY FEOERAL RESERVE MARCH 1 5 , 1983 7 BANK OF ST* L O U IS P E R S O N A L RATIO SCALE TRILLIONS monthly OF DOLLARS I N C O M E t o t a l s at annual RATIO r a te s TRILLIONS SEASONALLY ADJ USTED OF SCALE DOLLARS 2. 2 .9 2. 2 . 8 2. 2 . 7 2. 2 .6 2. 2 .5 2. 2 . 4 2. 2 . 3 2. 2 .2 2. 1 2 .0 . 9 . 8 . 7 . 6 . 5 . 4 . 3 . 2 1975 1976 1977 1978 1979 1980 SOURCE-. PERCENTAGE S ARE L AT E S T PL OTTE D: DATA ANNUAL RATES OF FEBRUARY CHANGE FOR PERIODS 1981 U.S. 1982 DEPARTMENT 1983 OF COMMERCE I NDI CATE D. PRE LI MI NA RY PREPARED PERSONAL INITIAL TERMINAL MO N TH BY FEDERAL RE SERVE BANK OF S T. L OUI S INCOM E B I L L I O N S OF DOLLARS MO NT H ANNUAL 7— 81 8 —8 1 12 .1 9-81 1 0 .9 8-81 9-61 10-81 11-81 12 -81 1-82 2-8 2 3-82 4-82 6-62 5-82 7-82 8-62 9-82 10—62 12-82 RATES . i-a a 2 * 4 5 9 .6 9 .7 2 * 4 7 8 . 6 .... 10 -81 8 .6 6 .9 4 .2 1 1 —8 1 7 .9 6 .6 5 .0 5 .8 12-81 6 .1 4 .7 3.1 2 .5 —0 . 7 1-82 5 .2 3 .9 2 .5 1 .9 0 .0 0 .7 2-82 5 .5 4 .5 3 .4 3 .2 2 .4 4 .0 7 .3 3-82 5 .1 4 .1 3 .3 3 .1 2 .4 3 .4 4 .8 2 .3 4-82 5 .5 4 .7 4 .0 3 .9 3 .5 4 .6 6 .0 5 .3 8 .4 5-82 5 .9 5 .3 4 .7 4 .8 4 .6 5 .7 7 .0 6 .9 9 .3 1 0 .2 — 2 .4 Q 7 .Z 2 * 4 9 9 .0 2 * 4 9 7 .6 ._. 2 * 4 9 9 .1 2 * 5 1 3 .8 2 .5 1 8 .6 .2. 15 3 5 *2... 2 .5 5 6 .2 . 6-82 5 .8 5 .2 4 .7 4 .8 4 .7 5 .6 6 .6 6 .4 7 .8 7 .5 4 .8 7-82 6 .2 5 .7 5 .3 5 .5 5 .4 6 .3 7 .3 7 .3 8 .5 8.6 7 .8 2 .5 6 6 .3 2 .5 8 8 .3 1 0 .8 8-82 5 .9 5 .4 5 .0 5 .1 5 .0 5 .7 6 .5 6*3 7.1 6* 8 5 .7 1 6 .2 1*7 9-82 5 .6 5 .2 4 .8 4 .8 4 .7 5 .4 5 .9 5 .8 6 .3 5 .9 4 .9 _ 4 .9 2 .L _ 2 .4 _ 10-82 5 .6 5 .2 4 .9 4 .9 4.8 5 .4 5*9 5 .8 6 .3 5 .9 5* 1_ 5 .1 3 .3 4 .1 11-82 5 .8 5 .4 5 .1 5 .2 5 .2 5 .7 6 .2 6*1 6*6 5.* jL 5*8 4 .6 5 .6 12-82 5 .7 5 .3 5 .0 5 .1 5 .0 5 .5 5*9 5*8 6*2 5* 9 5 .3 5 .4 4 .4 5 * 1 _ _ $* Q _ 1-83 5 .5 5 .1 4 .9 4 .9 4 .8 5 .3 5*0 5*5 5 .8 5*5 5 .0 5*0 4 .1 4 .5 5 .0 2-63 5 .3 4 .9 4 .6 4 .7 4 .6 5 .0 5 .3 5 .1 3 .4 5*1 4*6 4*5 3*7 4 .0 4 .3 3 .9 7—8 1 8-81 9-81 10-81 11-81 12 -81 1-82 2-82 3-82 4-82 5-82 6-82 7-82 8-82 9-82 10 -82 . INITIAL P- 1l-ft? 2 .5 92..Q . 5tS_ . 7*3 2 * 5 9 7 .2 8*7 6 .0 2 * 6 2 7 .7 3 .4 _ 2 .9 11 -82 2* 6 3 5 .0 2 .6 4 0 .2 2 .4 1.9 1 .3 12 -6 2 1-63 2 . 6 4 3 . IP month PRELIMINARY PREPARED BY FED ERAL RESERVE BANK OF S T . MARCH 1 8 . 1983 8 . _ 2 16 0 9 . 4 . .. ._ L O U IS . R E T A I L RAT I 0 S A L E S * SCALE 1975 RAT I 0 1976 1977 1978 1979 1980 1981 SOURCE: U .S. SCALE 1982 1983 DEPARTMENT Of COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHAN6E FOR PERIODS INDICATED. * DATA REVISED FROM 1978. LATEST DATA PLOTTED: JANUARY, FEBRUARY ADVANCE ESTIMATE PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS _________________________________ C O M P O U N D E D RETAIL ANNUAL SALES* R A T E S OF C H A N G E _______________ __________________ T E R M I N A L ______________________________________________________________________ I N I T I A L MO N TH ___________________________________________________________________ M I L L I O N S OF MONtH DOLLARS 7-81 8-81 9 -8 1 10-81 11-81 12-81 1-82 4-82 2-82 3-82 8-82 6-82 1-83 5-82 7-82 9-82 10-82 11-82 1 2 -62 8-81 14 .8 9-81 5 *6 -2 .8 10-81 -2*4 -- 1 0 . 0 -1 6 .6 11-81 -1 .4 -6 .2 -7 .9 1 .8 12-81 -1*0 -4 .5 -5 .1 1 .2 0*7 1-82 -2*8 “ 5 .9 -6 .7 -3 .1 -5 .5 -1 1 .3 2-82 0 •6 -1 .6 -1 .4 2 .8 3 .2 <r. 5 23 .0 8 8 .7 7 5 98 ,5 6 2 87 ,231 87 ,3 5 8 8 7 ,409 86 .5 4 2 8 8 .0 4 9 3-82 -0 .1 -2 .1 -1 .9 1 .3 1 .2 1 .3 8* 3 -4 .6 4-82 1 .1 -0 .5 -0 .2 2 .9 3 .1 3*7 9 .2 2 .9 11 .0 5-82 4 .2 3 .1 3 .8 7 .1 8 .1 9.6 15 .5 13 .2 2 3 .3 3 6 .9 6-82 1 .0 -0 .2 0 .1 2 .4 2 .5 2 .8 5 .8 1.9 4*2 0 .9 -25.6 7-82 1 .9 0 .9 1*2 3 .4 3 .6 4 .1 6 .9 3 .9 6 .2 4 .6 -8 .6 1 2 .4 8-82 1 .4 0 .3 0 .6 2 .5 2 .6 2 .9 5 .1 2 .3 3*8 2 .1 -7 .5 3 .2 -5 .2 5 .1 3 .9 -3 .0 6 .0 2 .9 8 7 .7 0 1 88 .4 6 8 90 .8 1 3 88 .6 0 3 8 9 .4 6 9 8 9 .0 6 9 9-82 2 .1 1.2 1 .5 3 .3 3 .5 3 .8 5 .9 3 .6 10 -82 2 .9 2 .1 2 .4 4 .2 4 .4 4 .8 6 .8 4 .9 6 .3 5 .6 0 .2 8 .0 6 .6 1 3 .0 14 .3 11 -82 4 .0 3 .3 3 .8 5 .6 5 .9 6 .4 8 .3 6 .8 8 .3 7 .9 3 .7 10 .9 1 0 .5 1 6 .3 18*6 23*1 12-82 3 .8 3.1 3.5 5 .1 5 .4 5.8 7 .5 6*0 7->3 6 .8 3 .1 8 .9 8 .2 11*9 1 1 ^ 1 0 .7 1-83 3.3 2 .6 3 .0 4 .5 4 .7 5 .0 6 .4 5.1 6 .1 5 .5 2 .2 6 .9 6 .0 8 .4 7 .6 5 .4 -2 .4 -4 .3 2-83 2 .8 2 .2 2 .5 3 .9 4*0 4 .2 5*5 4 .2 5 .0 4*5 1.4 5 .4 4 .4 6 .1 2 .8 -3 .2 -4 .5 -4 .7 7-81 8-81 9-81 10-81 1 1 -81 12-61 1-82 2-82 3—82 4-82 5-82 6-82 7-32 6-82 10-82 11-82 12 -8 2 1-83 INITIAL ♦ R E V IS ED l FROM 1 1 .7 8 9 ,897 _ 9-62 9 0 .9 0 5 92 .4 9 2 -0 .4 9 2 .4 5 9 9 2 . 117P 91,745k. IHONT H 1978 P - P R E L IM IN A R Y E - EST IH A T E O PREPARED BY FEDERAL RESERVE MARCH 2 3 , 198 3 9 BANK OF ST* LO U IS HOURLY CO M PE N S AT IO N, B US IN E S S SECTOR COMPOUNDED ANNUAL R A T E S OF CHANGE TERMINAL_____________________________________________________________ INITIAL QUARTER____________________________________________________________ 1977 « 1QQ QUARTER 1-7« 2-78 7 .4 3-78 8 .1 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 3-00 4-80 1-81 2-01 3-81 4-81 1-82 2-62 3-82 107*3 8 .9 109*6 4-70 8 .7 9 .3 9 .8 1-79 9 .4 1 0 .1 1 0 .7 1 1 .5 2-79 9 .2 9 .7 10 .0 1 0 .0 8 .6 3-79 9 .3 9 .7 9 .9 1 0 .0 9 .2 9 .9 4-79 9 .2 9 .5 9 .7 9 .6 9 .0 9 .2 8*6 9 .6 1 0 .0 10 .1 10 .2 9 .9 1 0 .3 1 0 .6 12 .6 1 0 .8 1 00 © 2-80 112*2 1 1 5 .3 117*7 1 2 0 .5 1 2 3 .0 12 6 .7 9 .8 10 .1 1 0 .2 1 0 .3 10 .1 1 0 .5 10*6 1 1 .7 9 .8 1 0 .1 1 0 .2 1 0 .3 1 0 .0 1 0 .3 1 0 .5 1 1 .1 1 0 .4 4-80 9 .7 10 .0 10 .1 1 0 .1 9 .9 10 .2 1 0 .2 10 .7 1 0 .0 9 .6 9 .3 1-81 9 .9 1 0 .2 1 0 .3 1 0 .3 1 0 .2 1 0 .4 1 0 .5 10 .9 10*5 10*4 10*6 12*0 2-81 9 .7 9 .9 10 .0 1 0 .0 9 .9 1 0 .0 10 .1 1 0 .3 9 .9 9 .6 9 .5 9 .6 7 .3 3-81 9 .7 9 .8 9 .9 9 .9 9 .8 9 .9 9 .9 10 .1 9 .7 9 .5 9 .4 9 .4 8 .2 4-81 9 .5 9 .7 9 .7 9 .7 9 .6 9 .7 9 .6 9 .8 9*4 9 .1 9 .0 8*9 7*9 8*2 7*3 1-82 9 .4 9 .5 9 .6 9 .5 9 .4 9 .5 9 .4 9 .5 9 .1 8 .9 8 .7 8 .6 7.8 7 .9 7 .4 2-82 9 .2 9 .3 9 .4 9 .3 9 .2 9 .2 9 .2 9 .2 8 .9 8 .6 8 .4 8 .3 7 .6 7 .6 7 .2 7 .1 6 .8 3-82 9 .1 9 .2 9 .2 9 .1 9 .0 9 .0 8 .9 9 .0 8 .6 8 .3 8 .2 8 .0 7 .3 7 .3 6 .9 6 .8 6 .5 6 .1 4-82 8 .9 8 .9 9 .0 8 .9 8 .7 8 .7 8 .7 8 .7 8 .3 8 .1 7 .9 7 .7 7 .1 7 .0 6 .6 6 .5 6 .1 5.8 5 .5 1-78 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-62 3-82 1 CO o 2-80 1 3 0 .0 9 .9 INITIAL OUTPUT PER H OU R OF _________ C Q M P Q U N Q E P 133*1 13 6.1 14 0 .0 14 2 .5 9*0 1 4 5 .6 140*2 7*5 150*9 15 3 .4 1 5 5 .7 1 5 7 ,0 QUARTER ALL PERSONS, ANNUAL KATES BUSINESS QF SECTOR P I A N G E ___________ TERMINAR_____________________________________________________________ INITIAL QUARTER____________________________________________________________ 1977 - 1QQ QU AR TER 1-78 2-70 3-70 4-78 1-79 2-79 3-79 2-78 0 .8 3-78 0 .2 -0 .4 4-78 0 .4 0 .2 0 .8 1-79 -0 .1 -0 .4 -0 .4 -1 .6 2-79 -0 .6 -0 .9 -1 .1 -2 .0 -2 .4 3-79 -0 .8 “ l . i -1 .3 -2 .0 -2 .2 -2 .0 4-79 -0 .8 -1 .1 -1 .2 -1 .7 -1 .7 -1 .4 —0 . 8 1-80 —0 . 6 -0 .8 -0 .9 -1 .2 -1 .1 -0 .7 O .Q 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 3-82 10 0 .7 1 0 0 .6 10 0.8 10 0 .4 99 .8 9 9 .3 9 9 .1 0 .8 99 .3 2-80 -1 .0 -1 .2 -1 .4 -1 .7 -1 .8 -1 .6 -1 .5 -1*8 -4 .4 3-80 -0 .6 -0 .8 -0 .8 -1 .1 -1 .0 -0 .7 -0 .4 -0 .3 -0 .8 2 .9 4-80 -0 .4 —0 . 6 -0 .6 -0 .7 —0 . 6 -0 .3 0 .0 0 .2 0 .0 2 .3 1 .6 1-81 0 .1 0 .0 0 .0 —0 . 0 0 .1 0 .5 0 .9 1*3 1*4 3*4 3*7 5*8 2-81 0.1 0 .0 0 .0 -0 .0 0 .1 0 .4 0 .8 1 .1 1.1 2 .5 2 .4 2 .8 0 .0 3-81 0 .1 0 .1 0 .1 0 .1 0 .2 0 .5 0 .9 1 .1 1.1 2 .3 2*1 2*3 0 .6 4-81 -0 .1 -0 .1 -0 .1 -0 .2 -0 .1 0 .2 0 .4 0 .6 0*5 1* 4 1*1 0*9 -0 .7 -1*0 -3 .1 1-82 -0 .1 -0 .2 -0 .2 -0. 2 -0 .1 0 .1 0 .3 0 .4 0 .4 1 .0 0 .7 0 .6 -0 .7 -0*9 -2 ,0 -0*8 2-82 -0 .0 -0 .1 -0 .1 -0 . 1 -0 .0 0 .2 0 .4 0 .5 0 .4 1.1 0 .8 0 .7 -0 .3 -0 .4 -0 .9 0 .2 1 .2 3-82 0 .2 0 .1 0 .1 0. 1 0 .2 0 .4 0 .6 0 .8 0 .8 1*3 1 .2 1 .1 0*3 0*4_ 0 .2 1*3 2 .4 3 .6 4-82 0 .4 0 .3 0 .4 0. 3 0 .5 0 .7 0 .9 1 .0 1 .1 1.6 1 .5 1 .4 0 .8 i.o 0*9 2*0 2*9 3 .8 4 .0 1-78 2-78 3-78 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 3-82 4-78 9 8 .2 INITIAL 9 8 .9 9 9 .3 1 0 0 .7 1 0 0 .7 1* 2 1 0 1 .0 1 0 0 .2 10 0 .0 1 0 0 .3 1 0 1 .2 10 2 .2 QUARTER PREPAREO BY FED ERA L RESERVE BANK OF S T , MARCH 1, 1983 LOUIS P R O D U C TIV ITY , RAT I O C O M P E N S A TIO N , AND LABOR CO STS S CAL E RATI O 1977-100 S EA S O N A L L Y A DJ US TE D S CAL E 1977-100 SOURCE. U.S. DEPARTMENT OF LABOR PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATEO. LATEST DATA PLOTTED! 4TH QUARTER PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS UNIT LABOR COSTS, BUSINESS SECTOR CQHPQUNQED ANNUAL RATES OF CHANGE TERMINAL QUARTER I N I T T A L Üt JA RTFf t 1-78 2-78 5*8 3-78 7*6 2-78 3-78 4-78 1-79 2-79 3—7 9 1-80 1977 2- a o 3-80 4- ftO 1-ftl 2 —81 3— ft 1 4 — ft 1 l-ft? ? -fl? * 100 3-ft? lH A.«. 9*3 1 Oft -.9 4-78 8*2 9 .4 1 —7 9 9 ,3 10*5 11. 1 12 .8 2-79 9*7 10*7 11*2 12 .0 1 1 .2 3-79 1 0 .1 11 *0 1 1 .4 12 .0 1 1 .6 1 2 .0 4-79 10*0 10*7 11*0 11 ?4 1 0 .9 10 .8 9*6 1-80 10 ,2 10*9 2-80 4-79 9 .5 1 11.4 1 14-ft i u .g 171-3 12 4.1 l i . 1 I i *5 11 .1 11 .1 10 .7 11 .8 11*5 12*0 12*2 12 7.6 11*8 12*1 1 2 .3 13 .7 1 5 .6 3-80 10*5 1 1 .0 11 .2 11*5 11 .2 11*2 1 1 .0 11*5 1 1 .4 7.5 4-80 10 .2 10 .6 1 0 .7 1 0 .9 1 0 .6 10 .5 10 .2 1 0 .4 9 .9 7 .2 7 .0 1-81 9 .8 1 0 .2 1 0 .3 1 0 .3 1 0 .0 9 .9 9 .5 9*5 8 .9 6 .8 6 .5 6 .0 2-81 9 .6 9 .9 IQ .0 10 .0 9 .7 9 .6 9 .2 9 .1 8 .6 7 .0 6 .8 6 .7 7 .4 3-81 9 .5 9 .8 9 .8 9. 8 9 .5 9 .4 9 .0 9 .0 8 .5 7 .1 7 .1 7 .1 7 .6 7 .9 4-81 9 .6 9 .8 9 .9 9 .9 9 .7 9 .5 9 .2 9 .2 8 .8 7 .7 7 .8 8 .0 8 .6 9 .3 10 .7 1-82 9 .5 9 .7 9 .8 9 .8 9 .5 9 .4 9. 1 9 .1 8 .7 7.8 7 .9 8 .0 8 .6 9 .0 9 ,5 8*4 2-82 9 .2 9 .5 9 .5 9 .5 9 .2 9 .1 8 .8 8 .7 8 .4 7.5 7 .5 7 .6 7 .9 8* 1 8 .1 6 .9 5 .4 3-82 8.9 9 .0 9 .0 9 .0 8 .7 8 .5 8 .2 8 .1 7 .8 6.9 6 .9 6 .8 7.0 6*9 6 .7 5 .4 _ 3 .9 2 .4 4-82 8 .5 8 .6 8 .6 8 .5 8 .2 8 .0 7 .7 7 .6 7 .2 6.4 6 .3 6*2 6 ,2 6*0 5*6 4 ,4 3. 1 2 .0 1 .6 1-78 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 4—81 2-82 3-82 13 2 .3 INITIAL 1 3 4 .7 1 3 7 .0 13 9 .0 1 4 1 .5 14 4 .2 1 4 7 .9 15 0 .9 1-82 15 2 .9 1 5 3.8 15 4 .4 QUARTER PREPARED BY FEOE RAL RE S ER VE BANK OF S T . HARCH 1 , 19 8 3 11 LOUIS GROSS NATIO NAL PRODUCT I N CURRENT DOLLARS B ILLIONS TERMINAL QUARTER IN ITIAL QUARTER ANNUAL 1-78 2-78 3-78 4-78 1-79 2 - 7 9 _ 3 - Z 2 _ .. .4 -7 9 . 2-80 i-a o 3-8D ..4 -a o 2-7$ 2 3 .0 3-78 1 7 .5 12 .3 4-78 16 .7 1 3 .7 1 5 .2 1-79 15 .0 1 2 .4 1 2 .4 9 .8 2-79 1 3 .4 1 1 .1 1 0 .8 8 .6 7 .5 3-79 13*4 1 1 .6 1 1 .5 1 0 .2 1 0 .5 4-79 1 2 .7 11 .0 1 0 .8 9 .7 9 .7 1 0 .8 8 .1 1-80 1 2 .6 11 .2 11 .0 10 .2 1 0 .3 11*3 10*1 12*2 2- e o 1 1 .1 9 .7 9 .3 8 .4 8 .1 8 .2 6*5 5*7 -0*4 3-80 11 .1 9 .9 9 .6 Ô .8 8 .6 8 .8 7 .7 7 .6 5.3 1 1 .4 4-60 1 1 .5 10 .4 1 0 .2 9 .6 9 .5 9 .9 9 .2 9,4^ 9* 6 13*3 15 .3 1-81 12 .1 1 1 .2 1 1 .1 1 0 .6 1 0 .8 1 1 .2 1 0 .8 11*4 11 .2 15*4 17*4 19*6 1-81 2.--B1 3—81 4-AÌ 1 —A 2 2-A? ?t X 13*6 .o 2 .5 7 5 .9 2 ,5 7 3 .4 P .A t l.7 ? , 7 3 9 .4 2 ,8 ¿ 4 .9 2-81 1 1 .6 10 .7 10 .5 10. 10 .1 1 0 .5 1 0 .0 1 0 .4 10*0 1 2 .Ô 1 3 .2 1 2 .2 5 .3 11 .6 10 .7 1 0 .6 1 0 .2 1 0 .3 1 0 .6 1 0 .2 1 0 .5 10 .2 1 2 .5 12 .8 1 1 .9 8*3 11*4 4-81 1 1 .0 1 0 .2 1 0 .0 9 .6 9 .6 9 .8 9 .4 9 .5 9.2 10 .8 10*7 9*6 6*5 7*1 2 t . 9 û l «fi 2 »980.9 3*0 3 «-Û03 * 2 2 .9 9 5 .5 1-82 10 .2 9 .4 9 .2 8 .7 8 .7 8 .8 8 .3 8 .3 7 .8 9*1 8*7 7*4 4*6 4*3 1 .0 -1 .0 2-62 1 0 .0 9 .2 9 .0 8 .6 8 .5 8 .6 8 .2 8 .2 7.7 8 .8 8 .4 7 .3 5*0 4*9 2*9 2*9 3-62 9 .8 9 .0 8 .8 8 .4 8 .3 8 .4 8 .0 7 .9 7.5 8 .4 8 .1 7 .1 5*1 5*1 3*6 3 * 0_ 4-62 9 .4 8 .7 8 .4 8 .0 7 .9 8 .0 7 .5 7 .5 7* 1 1*8 7 .5 6*5 4 .8 1-78 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-80 1-81 INITIAL GROSS TERMINAL QUARTER INITIAL NATIONAL 4*7_ 2-31 3 .0 4 5 .2 . 6 .3 _ 3 .0 8 8 .2 5^ 0 3 .4 3 .5 5 .0 4 .2 3-81 4-81 1-82 2-82 2 .6 3-82 QUARTER PROCHJCT IN 1972 OOLLARS 6 I L L I 0 W S OF OOLLAP S QU AR TE R 1 3 .1 0 8 * 2 ANNUAL 2-78 r a t e s •*-A? ? t ?81 . A 3-81 1-78 OF dollar s 3-78 2-7fî 11*0 3-78 7*1 3 .3 4-78 6 .6 4 .4 5 .5 4-78 1-79 2-79 3-79 4-79 i-a o 2—8 0 3-80 4 —ftO 1- A l 2-A1 ft 1 RATES 1-«, 1 t 4 Î 7 i»0 1 » M S ,9 1 ,4 -6 8 ,,4 1-79 5*2 3 .3 3 .3 1 .1 2-79 3*9 2*2 1*9 0*1 -0 .9 3-79 4 .1 2*8 2*6 1*7 1 .9 4-79 3*6 2*4 2*2 1 .4 1 .5 2 .8 0 .7 1-80 3 .3 2 .3 2*1 1 .4 1 .5 2 .3 1.1 1 .5 2-60 I a 8__ _ Ô *7 0*4 -0*5 -0 .8 -0 .8 -2 .6 -4 .2 -9 .6 3-80 1*8 0 .8 0*5 -0*2 -0*4 -0 .3 -1 .5 -2 .3 -4 .1 1 i ^ 7 2 ,, t ,2 4 .8 1 ,48<S i► 6 rA \, 4 9 4 . . 9 1 .7 1 4-60 2*0 1*2 0*9 0*4 0*3 0 .5 -0 .4 -0 .7 -1 .4 3 .0 4 .3 1-61 2 .5 1*8 1*6 1*2 1*2 1*5 0 .9 1 .0 0 .9 4 .6 6 .1 7 .9 2-61 2*2 1*5 1*3 0 .9 0*9 l* i 0 .6 0 .6 0 .4 3 .0 3 .5 3 .1 3-61 2 .2 1 .5 1*4 1 .0 1 .0 1 .2 0 .8 0 .8 0 .7 2 .9 3 .2 2 .8 0 .3 2 .2 4-81 1.7 1 .0 0 .9 0 .5 0 .4 0 .6 0 .1 0 .0 -0 .2 1 .5 1 .4 0 .7 -1 .6 -1 .6 -5 .3 0*3 -0 .5 -2 .5 —2 . 8 -5 .2 -1 .6 rA 1 , 4 7 9 , h4 1 , SO 7 - -1 .5 1 , S 1 0 , k4 1 , 4 9 0 . .1 1-82 1* 2 0 .6 0*4 0 ,0 -0*0 0*0 -0 .4 -0. 6 -0 .8 0 .5 1.3 0 .7 0 .5 0 .2 0 .1 0 .2 -0 .2 -0 .3 -0*5 0 .7 0 .6 -0 .0 -1 .6 -2 .8 -1 .6 2*1 3-82 1 .3 0 .7 0 .6 0 .2 0 .2 0 .2 -0 .1 -0 .2 -0*4 0 .7 0*6 0 .1 -1 .2 -1 .1 -1 .9 -0 .8 1 .4 0 .7 4-82 1*1 0 .6 0*5 0*1 0*1 0 .2 -0*2 -0 .3 -0 .4 0 .5 0 .4 -0 .1 -1 .2 -1 .1 - î.a -0 .9 0.^ -0 .2 . -1 .0 1-78 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 3-82 IN ITIAL .8 i t «¿n2. 2-82 _ l t 4 S 7 , rA 1 , 4 7 0 . *7 -5 .1 1 * 4 7 8 4 >è , 1 t 4 f t l .1 1 . * 7 7 . >2 QUARTER PREPAREO BY FEDERAL RESERVE MARCH 21* 1983 12 BANK OF ST* L O U IS _ GROSS N A T I O N A L R A T I O S C A L E 1975 Q U A R T E R L Y 1976 1977 1978 T O T A L S A T 1979 PRODUCT A N N U A L 1980 SOURCE: PERCENTAGES ARE LATEST PLO TTED: DATA ANNUAL RAT E S OF 4TH CHANGE FOR P E R I O D S R A T I O R A T E S 1981 U.S. 1982 DEPARTMENT S C A L E 1983 OF COMMERCE INDICATED. QUA R TER PREPARED 13 BY FEDERAL RESERVE BANK OF ST. LO U IS G E N E R A L RAT I 0 P R I C E I N D E X * SCALE RAT I 0 1972-100 1975 *AS SCALE 1972-100 USED 1976 1977 IN NATIONAL PE RC EN TA GE S ARE LATEST PLOTTED t DATA 1978 1979 1980 INCOME ACCOUNTS ANNUAL RATES OF CHANGE 1981 SOURCE s U . S . FOR PERIODS 1982 DEPARTMENT 1983 OF COMMERCE INDI CATE D. 4TH QUARTER PREPARED BY FEDERAL RE SERVE BANK OF S T. L OUI S IMPLICIT PRICE DEFLATOR FOR GROSS NATIONAL PROOUCT ----------------&QHPQUNQED. ANNUAL RAI&S OF. CHANGE____________ TERMINAL -JMIT1AL QUARTER QUARTER __________— ¿~ 7§— 3*79_______ 4-73 __ 1~79__ Z -J2 __ 3-29__ 4-79__ L-^Q__ 2r-££__ i - a o __ 4-80__ L-fll__ 2-ftl 100 . -1972 3-fll 4-ftl l-ft? ?~a? 3-ft?______________ ------------------------------------------------ ----------------------------------------------------------------------------------------------------------------------------------------------------------------148 ,8 9 _3~78 -132+Ù2 155.36 8 .8 ■ J- 7 9 2-79 9 .1 8 .7 8 .7 8 .5 8 .5 3-79 9 *0 6 .6 8 .6 8 .4 8 .4 8 .3 4-79 8 . r 8 .4 8 .4 8 .2 8 .0 7 .8 8 .7 8 .7 8 .6 8 .6 8 .7 8 .9 1 0 .5 .... 8 t * 8 .9 3.9? 8 .9 9 .1 9 .3 1 0 .3 1 0 .1 ?tP_. 9 .0 9 .0 9 .0 9 .2 9 .4 10 .1 9 .9 9 ,L _ _ ?t 1-60 . . 9*o_ 2-80 9 .1 3-00 9 .1 A-80 *t3_ l-*l _9*4_ 2-81 9 .2 3-81 Z ?_* 2_ 9 .1 9 .1 1M t 164,r 1 ? 1 7 .3 1 17A. 9 .6 1AH.. A n 9 .2 9 .3 9 .4 9 .6 10 .2 1 0 .1 1 0 .0 10 .5 9 .4 9 .5 9 .6 9 .8 1 0 .3 10 .3 1 0 .3 1 0 .7 9 .1 9 .2 9 .2 9 .4 9 .7 9.6 9-4 9 .4 f t . ft (‘»-ft ru 1A*. 1 0 .9 1 9 3 *. 1 7 _ 2 .L _ 9 .1 9 .1 9 .1 9 .2 9 .3 9 .6 9 .5 9 .3 9 .3 8 .9 7 .9 9 .0 4-81 9*¿_ 9 .0 _?*1 9 .1 9 .1 9 .2 9 .3 9 .5 9 .4 9 .2 9 .2 8 .9 8 .2 8 .9 8 .8 1-82 8 .8 8 .7 8 .7 8 .7 8 .7 8 .7 8 .8 8 .9 8 .7 8 .5 8 .3 7 .9 7-? 7 .3 A-5 4- 3 2-62 8 .6 8 .5 8 .4 8 .4 8 .4 8 .4 8 .4 8 .5 8.3 8 .0 7 .8 7 .4 6 .7 6 .6 5 .9 4 .4 197, 1 2 0 1 »55 4 .6 2 0 5 . .9ft 3-82 8 .4 8 .2 8 .2 8 .2 8 .1 8 .1 8 .1 8 .2 7 .9 7 .7 7 .4 7 .0 6 .4 6 .3 5 .6 4-6 4 .8 5 .0 4-62 8 .1 8 .0 7 .9 2±2 7 .8 7 .8 7 .7 7 .8 7.5 7 .3 7 .0 6 .6 6 .0 5 .9 5 .3 4 .4 4-4 4-4 3-7 1-78 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-30 1-81 2-81 3-81 4-81 1-82 2-82 3-82 Ml.. f i * T?.. 3 1 in it ia l 208..5 1 ___ ? i n . .4, ? quarter prepareo MARCH 2 1 . 14 by federal 1983 RE SE RVt bank OF ST. L O U IS PERSONAL CONSUMPTION EXP END ITU RES IN CURRENT DOLLARS ------------------------- k Q M P Q U N Q E D A N N U A L R A T E S Q F C H A N G E _______________ B IL L I O N S OF Q U A R T E R _____________________________________________________________________D O L L A f t S ___ T E R M I N A L ______________________________________________________________________ I N I T I A L QUARTER 1-78 2-78 2-78 3-78 4-78 3-7? 4-79 1-80 ANNUAL 2-80 3-80 4-80 1- f il ?-ftl 3-A1 A-A1 1- A ? ?-A? RATES 3 —ft? 18 .1 1 ,3 3 0 .,7 3-78 14 .* 11 .5 4-78 14*3 12 .5 1 3 .* 1-79 1 t 3A7. r5 1,4 11 ■, 3 1 3 ,3 1 1 .7 11*9 2-79 12*3 10*9 10*7 10 .3 3-79 12*8 11*7 11*8 11 .2 11*7 14 .9 4-79 1 2 .9 12*0 12*1 U .S 12 *3 14*3 1 3 ,7 1-80 12 .6 11 .8 1 1 .9 1 1 .6 11*9 13 .1 12*2 2-80 11 .2 10*4 10*3 9*7 9*6 9 .9 8*3 5*7 0 .9 3-80 11*7 11*0 10*9 10*5 10*6 11*0 10*1 8*9 8*0 15 .6 4-60 12 *1 11*5 11*5 11*2 11*4 11*8 11*2 10*6 10*6 15*8 16 .1 9 #4 1 t 4 7 6..0 1 . 5 ? A .i 3 1.5 7® ..0 1 0 .7 1 . 6 1 8 , ►7 1 . 6 2 2 , .2 1. 1-81 12*1 11*6 11*6 11*4 11*6 12*0 11*5 1 1 .1 11 *2 14*9 14*5 1 3 .0 1 1 .5 11*0 1 0 .9 1 0 .7 10*7 11*0 10*5 10*0 9*8 12 .2 1 1 .0 8 .6 4 .4 3-81 11*5 1 1 .0 1 1 .0 10 .7 10*8 11*1 1 0 .6 10*1 10 *1 1 2 .0 11*1 9 .5 7 .8 1 1 .3 4-81 10*9 10 .5 1 0 .4 10*1 1 0 .1 1 0 .3 9 .8 9 .3 9 .1 10*5 9 .5 7 .9 6 .3 7 .3 3 .4 1-82 1 0 .7 1 0 .3 10 .2 9 .9 9*9 10*0 9 .5 9* 1 8 .9 10. 1 9 .2 7 .9 6 .6 7-4 5 .5 7 .6 2-82 10 .5 10 .0 9 .9 9 .6 9*6 9 .7 9 .2 8 .8 8 .6 9*6 8*7 7*6 6 .5 7 .1 5 .7 6 .8 3-82 1 0 .3 9*9 9 .8 9*5 9*5 9 .6 9 .1 8 .7 8 .5 9*4 8*7 7*7 6 .8 7 .3 6*3 7 .3 7 .1 8 .1 4-82 10 .3 9*8 9*8 9*5 9*5 9*5 9*1 8 .8 8 .6 9 .4 8*7 7 .9 7 .1 7 .6 6*9 7 .8 7 .8 8 .7 9-3 1-78 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 4-31 1-82 2-82 3-82 INITIAL PERSONAL CONSUMPTION ___________ C O M P O U N D E D TERMINAL QUARTER INITIAL 1 . 7 9 9 . »9 1 . 8 1 9 . .4 1 . 8 6 8 . .8 1 . 8 8 4 . *5 1.9 1 9 . 1 .9 4 7 ..a 6 .1 1 .9 8 6 . 2 . 0 3 0 , .a QUARTER EXPENDITURES ANNUAL RATES IN QF 1972 OOLLARS C H A N G E ___________ B IL L I O N S OF OO l L A R S QUARTER ANNUAL 1-78 2-78 3-78 5 .7 3*4 4-78 5 .4 4 .1 4*7 1-79 4 .2 3 .0 2*8 0 .9 2-79 3 .2 2 .0 1*6 0 .1 -0*7 3-79 3 .5 2 .6 2*5 1 .7 2*1 5*1 4-79 3 .5 2 .8 2 .6 2 .1 2 .5 4 .2 3*3 1-80 3*0 2*3 2*1 1*5 1 .7 2 .5 1 .3 -0 .7 2-80 1 .6 0*8 0*5 -0*2 -0*5 “ 0 .4 -2 .2 -4*8 -8*7 3-90 it 0 1 .3 1 .1 0 .5 0 .5 0 .7 -0 .3 -1 .5 -1 .9 5 .4 4-80 2 .3 1*7 1 .6 1* 2 1.2 1*6 0 .9 0 .3 0 .6 5 .6 5 .7 1-81 2*5 2*0 1.8 1 .5 1 .6 1*9 1 .4 1 .1 1.5 5 .2 5 .0 4 .4 4-78 1-79 2-79 3-79 4-79 1-80 2-80 ? .. 0 1 . 7 4 5 . ►a 2-81 3-78 .3 1 8*5 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 RATES 3-82 2-78 «ÍOI - 1 < *08 -6 9 1 9 .2 921 . 2 9 1 9 .5 930-9 «J3A-A 9 3 7 .0 91 5 . 8 Q ? A -r > <*41 - O 95 1 . 1 2-81 2 .1 1*6 1 .4 1* 1 1*1 1 .4 0*8 0 .4 0 .6 3 .1 2 .4 0 .8 -2 .7 3-81 2 .1 1*7 1.5 1*3 1*3 1*5 1* 1 0 .8 1*0 3 .1 2 .5 1 .5 0 .1 2 .9 4-61 1 .8 1 .3 1.2 0 .9 0*9 1*0 0 .6 0 .3 0*4 2*0 1*3 0*3 -1 .1 -0 .3 -3 .3 1-82 1 .8 1 .4 1 .3 1*0 1*0 1*2 0*8 0*5 0*6 2 .1 1 .5 0 .7 -0 .2 0 .6 -0 .5 2*4 9 4 9 .1 2-82 1 .8 1.5 1*3 1*1 1*1 1* 3 0*9 0*7 0*8 2*1 1*7 1 .0 0 .3 1 .1 0 .5 2 .5 9 5 5 .0 9 4 4 .6 9 5 1 .4 9 4 3 .4 3-82 1*8 1*4 1*3 1* 1 1* 1 1*2 0*9 0*7 0*8 1*9 1* 5 0*9 0 .4 1 ,0 0 .5 1 .3 1 .5 0*5 4-62 1*9 1*6 1*5 1*3 1*3 1*4 1* 2 1 .0 1*2 2*2 1.8 1 .4 1,0 1 ,6 1.3 2t .2 2 »5. 2 .5 4 .6 1-78 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 2-82 3-82 INITIAL 4-81 1-82 9 5 6 .3 967*0 QU AR TER PREPARED BY FED ER AL RESERVE MARCH 2 1 , 19 8 3 15 BANK OF ST. LOU IS _ GROSS P R IV A T E DOME ST IC IN VE S TM EN T IN CURRENT DOLLARS _____________ CQHgflUNOEP ANNUAL R A T ES QF CHANGE_______________ B I L L I O N S OF 1-78 CD w 1 1 2-78 2-78 3-78 4-78 1-79 2-79 3-79 4-79 _ L - M Q U A R T E R ____________________________________________________________________ D O L L A R S 2-90 4-80 3-80 h* 1 CD T E R M I H A L ______________________________________________________________________ I N I T I A L QUARTER AN NU AL 2-81 3-81 4-81 1 —8 2 2-82 4 4 .7 3 A A *« i 2 4 *1 6 .4 4-78 2 1 *2 10*9 1 5 .5 1-79 17 .2 9 .2 1 0 .7 6 .0 2-79 1 6 .4 1 0 .2 1 1 .5 9 .6 1 3 .3 3-79 1 4 .1 8 .8 9 .5 7 .5 8 .3 3 .4 4-79 9 .7 4 .8 4 .5 1 .9 0 .5 -5 .3 394-6 409-1 41 5 - 1 428-3 4 3 1 -<9 -1 3 .3 416-A i-eo 9 .4 5*1 4 .9 2 .9 2 .1 -1 .3 -3 .6 7 .1 2-80 4 .5 0 .3 -0*5 -3 .0 -4 .7 -8 .7 -1 2 .4 -1 2 .0 3-80 3 .3 -0 .5 -1 .3 - 3 .5 -5 .0 -8 .3 -1 1 .1 -1 0 .3 -17 .9 -6 .9 4-eo 5 .5 2*2 1 .7 0 .1 -0 .7 -2 .8 -4 .0 -1 .6 -4 .3 10 .1 3 0 .2 1-81 5 .9 4 .9 4 .8 3 .6 3 .6 7 .4 7 .5 2 2 .7 4 0 .8 5 .4 424-0 -2 7 .7 3 9 1 .0 364-1 4 1 0 .3 8 .8 6*0 2-81 9*5 7 .0 7 .0 6 ,2 6 .2 5 .6 9*2 9 .6 2 1 .6 3 2 .9 3 4 .3 1 8 .5 3-61 9 .5 7 .1 7 .2 6 .5 6 .5 5 .8 6 .1 9 .2 9 .5 1 9 .0 26 .5 2 5 ,3 1 3 .7 9 .1 4-81 7 .8 5*5 5*5 4 .7 4 .5 3 .7 3.7 6 .1 5 .9 12 .9 17 .3 1 4 .3 3 .9 -2 .8 -1 3 .3 1-82 4 .0 1 .8 1 .4 0 .4 -0 .0 -1 .2 -1 .6 -0 .2 -1 .1 3 .4 5 .3 0 .9 -9 .0 -1 6 .6 -2 7 .2 -38.8 2-62 4 .8 2 .7 2 .4 1 .5 1 .2 0 .2 -0 .0 1 .4 0 .8 5 .1 6 .9 3 .4 -4 .3 -9 .3 -14.7 -1 5 .3 1 7 .1 3-82 5 «1 3 .2 3 .0 2 .2 1 .9 I . 1 0 .9 2 .3 1.8 5 .7 7 .4 4 .5 -1 .8 -5 .5 -8 .8 -7*2 1 4 .2 1 1 .4 4-82 2 .1 0 .2 -0 .2 -1 .1 -1 .5 -2 .5 -3 .0 -2 .1 -2 .9 0 .1 0 .9 -2 .3 -8 .3 -1 2 .2 -1 5 .9 -1 6 .5 -7 .4 -17 .7 1-78 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2—8 0 3-60 4-80 1-81 2-81 3-61 4-81 1-82 2-82 INITIAL GROSS PRIVATE DOMESTIC ___________ C Q U P Q U N P E P TERMINAL QUARTER OD N» 1 2-76 3-78 4-78 1-79 2-79 3-79 4-79 1-80 5 2 .2 2-80 455-7 475-5 466-0 466-9 414-6 431-5 4 4 3 .3 —3 9 *2 391-5 3-82 QUARTER INVESTMENT ANNUAL INITIAL 1-76 RATES 3 —6 2 RATES IN QP 1972 DOLLARS C H A N G E ___________ Ö 1 L L I 0 N S OF DOLLARS ANNUAL R A T E S QUARTER 3-80 4-60 1-81 2-81 3-61 4-81 1-82 2-82 3-82 2 5 .4 239-9 3-78 1 0 .2 -3 .1 4-78 9 .2 1 .9 7 .2 1-79 6 .5 0 .9 3 .0 -1 .2 2-79 5 .1 0 .6 1 .9 -0 .7 -0 .3 3-79 3 .1 -0 .9 -0 .3 -2 .7 -3 .5 -6 .6 4-79 -0 .4 -4 .1 —4 . 3 -7 .0 —8 . 8 -12.8 -1 8 .6 236-0 242-2 241-5 24 1 .3 2 3 7 .2 225-3 ¿22*7 1-80 -0 .9 -4 .2 -4 .3 -6 .5 -7 .8 -1 0 .1 -11.9 -4 .5 2-60 —5 . 0 -6 .3 -9 .0 -1 1 .4 -1 3 .3 -1 6 .3 -1 9 .3 -19.7 —3 2 . 4 3-60 -5 .0 -7 .9 -6 .5 -1 0 .6 -1 2 .0 -1 4 .2 -16.0 -1 5 .1 -20.0 4 —6 0 -2 .6 -5 .3 —5 . 5 -7 .0 -7*6 -9 .0 -9 .4 -7 .0 -7 .8 7 .8 2 2 .6 1-61 -0 .8 -2 .8 -2 .8 -3 .9 -4 .2 -4 .8 -4 .4 -1 .3 -0 .5 13 .2 23 .8 2 4 .9 2-61 0 .4 -1 .5 -1 .3 -2 .1 -2 .2 -2 .5 -1 .9 1.2 2.4 1 3 .7 2 0 .8 19 .9 3-61 0 .8 -0 .8 —0 . 6 -1 .3 -1 .4 -1 .5 -0 .8 2 .0 3 .2 1 2 .3 17 .2 15 .4 10 .9 7 .0 4-61 -0 .9 -2 .6 -2 .5 -3 .3 -3 .5 -3 .8 -3 .5 -1 .4 -1 .0 5 .5 7 .8 4 ,4 -1 .6 -9 .0 -5 .5 -11 .8 -1 9 .3 -2 9 .9 2 0 1 .9 199-2 -5 .2 2 0 9 .6 2 2 1 .6 23 3 .4 -2 2 .6 1-62 -3 .6 -5 .3 -5 .5 -6 .4 —6 . 8 -7 .4 -7 .5 -6 .1 -6 .3 -1 .9 -1 .3 -2 .6 -4 .2 -4 .2 -5 .0 -5 .3 -5 .7 -5 .6 -4 .2 -4 .2 0 .1 0 .9 -2 .3 - 7 .0 -11 .9 -17 .4 » 1 4 .6 1 4 .9 3-62 -2 .1 -3 .5 - 3 .5 -4 .2 -4 .4 -4 .7 -4 .5 -3 .2 -3 .0 1 .0 1 .8 -0 .9 - 4 .7 -8 .2 -1 1 .6 -7 .6 1 1 .5 8 .1 4-62 -4 .4 - 5 .6 -5 .9 —6 . 7 -7 .1 -7 .5 -7 .6 —6 . 6 -6 .8 -3 .8 -3 .6 -6. 4 -1 0 .2 -1 3 .9 -1 7 .5 -1 6 .2 -8 .0 -1 7 .7 -3 7 i4 1-T8 2-76 3 -T T 4-73 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 3-82 1 9 5 .4 -36 .5 20 2 .3 2 0 6 .3 .. . 183*5 QUARTER PREPARED BY FED ERAL RESERVE MARCH 2 1 , 1983 16 . _ 2 1 4 . 9 _______ 2-62 INITIAL . 2 2 9 .5 1 5 .0 bANK OF ST* L O U I S _ GOVERNMENT PURCHASES OF GOODS AND S ER V IC E S IN CURRENT OOLLARS ___________________ C Q H P Q U N Q E D A N N U A L R A T E S Q F C H A N Ü E______________________ T E R M I N A L ___________________ ________________________________ __________________ I N I T I A L Q4IAR T F R _______________________________________________ ____________________ nr^ ^ t B QUARTER ANNUAL R A T E S 1-78 2-73 3-78 1-A? 2-79 3-79 3-80 4-ao 1-81 ?-fll 3-fll 1-79 4 -7 9 _ 1-80 -ao 4 -fll 3-ft? 4-78 ?-R? 13*3 14*8 4 —7 8 1 2 .6 1 3 .0 1-79 1 0 .7 1 0 .3 8 .2 5 .2 2-79 9 .9 9 .4 7 .7 6 .0 CD 11*7 u> 1 2 2-78 ■* AS 11 .2 46 A. 6 .8 A 7 f l , t «i 3-79 1 0 «3 1 0 .1 8 .9 8 .2 9 .7 1 2 .6 4-79 11 . 3 11 .2 1 0 .5 10 .3 12 .1 1 4 .8 1-80 1 2 .1 1 2 .2 1 1 .8 1 1 .9 2-60 1 2 .3 1 2 .4 1 2 .0 12 .2 1 3 .6 1 5 .4 16 .3 1 6 .0 1 3 .6 3-80 11 .2 1 1 .2 1 0 .7 10 .6 1 1 .6 1 2 .6 1 2 .5 1 1 .1 7 .6 1 .9 4-60 1 1 .7 1 1 .7 1 1 .4 1 1 .4 1 2 .3 1 3 .2 1 3 .4 12 .5 1 0 .6 9 .1 1 6 .8 13*6 I ., 1 1 6 .0 A<J7. »6 1 6 .9 17 .7 519, 1 8 .5 5t36,, 0 S S 9 . .ft i- e i 1 1 .9 1 1 .9 11 .6 1 1 .7 12 .5 1 3 .3 1 3 .4 12 .7 11 . 3 10 .6 1 5 .2 1 3 .7 2-81 1 1 .2 1 1 .2 10*9 1 0 .8 1 1 .5 12 .1 1 2 .0 1 1 .2 9 .7 8 .8 11 . 2 8 .5 3 .6 3-81 1 1 .3 1 1 .3 1 1 .0 1 0 .9 11 .5 12 .1 1 2 .0 1 1 .3 10 .1 9 .5 11 .5 9 .7 7 .8 1 2 .2 4-61 11 .8 1 1 .8 1 1 .5 11 .6 12 .2 1 2 .7 1 2 .7 1 2 .2 1 1 .3 1 0 .9 1 2 .8 1 1 .9 11 .3 1 5 .3 1 8 .6 5781 .1 ■»ft 3 . 6 0 0 ,.2 626. 6 3 0 . >1 1-82 1 1 .2 1 1 .1 1 0 .9 1 0 .8 11 .3 1 1 .7 11 .6 11 .1 1 0 .2 9 .7 11 . 0 9 .9 9 .0 1 0 .9 1 0 .2 2 .4 2-62 1 0 .5 1 0 .4 1 0 .1 1 0 .1 1 0 .4 1 0 .7 1 0 .6 1 0 .0 9 .0 8 .5 9 .5 8 .3 7 .2 8 .2 6 .9 1 .5 0 .5 3-82 1 0 .7 10 .6 1 0 .4 1 0 .3 10 .7 1 1 .0 1 0 .8 1 0 .3 9 .5 9 .1 1 0 .0 9 .1 8 .3 9 .3 8 .6 5 .4 7 .0 13*2 65 1i.7 4-6 2 11.0 1 0 .9 10 .7 10 .7 11 .0 1 1 .4 11 .3 10 .8 10*1 9 .8 1 0 .7 1 0 .0 9 .4 10 .4 10. 1 8 .1 10-0 1 5 .1 6 7 6 . »ft 1-78 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-91 3-81 4-81 1-82 2-82 1972 DOLLARS INITIAL GOVERNMENT PURCHASES ______________ C O M P O U N D E D TERMINAL QUARTER OF 6 3 0 . ►9 3-82 QU AR TE R G OO D S ANNUAL INITIAL AND RATES SERVICES QF IN C H A N G E _____________________ B I L L I O N S OF DOLLARS iQ U A R T E R ANNUAL 1-78 2-78 3-78 4-78 1-79 2-79 2-78 4 .8 3-78 4 .8 4 .8 4-78 3 .6 3 .0 1.3 1-79 2 .2 1 .4 -0 .3 -1 .9 2-79 1.9 1 .2 0 .0 -0 .6 0 .6 3-79 2 .1 1 .5 0 .7 0 .5 1 .7 2 .9 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 RATES 3-82 2 7 3 .6 276*8 277*7 2 7 6 .4 2 7 6 .8 278*8 4-79 2 .3 1 .8 1 .3 1 .3 2*3 3 .2 3*5 1-80 2 .6 2 .3 1 .9 2 .0 3 .0 3 .8 4 .3 5 .1 2-80 2 .7 2 .4 2 .1 2 .2 3 .0 3 .6 3 .9 4 .1 3 .1 3-60 1 .9 1.6 1.2 1 .2 1.7 1 .9 1 .6 1 ,0 -0 .9 -4*9 4-80 1.7 1*4 1 .0 1 .0 1.4 1 .5 1.3 0 .7 -0 .7 -2 ,6 -0 .3 1-61 2 .0 1 .7 1 .4 1 .4 1 .9 2.0 1 .9 1 .6 0 .7 -0 .0 2,4 5 .2 2-81 1 .5 1 .2 0 .9 0 .9 1 .2 1*3 1*0 0 ,6 -0 .2 -1*0 0.2 0 .5 -4 .0 3-81 1 .7 1 .4 1* 1 1.1 1 .4 1 .5 1 ,4 1,1 0*4 -0 ,1 1*1 1 ,5 -0*3 4-81 2 .0 1* 8 1 .6 1 .6 1.9 2*1 2 .0 1.8 1*3 1 .0 2 ,2 2*9 2 ,1 1-82 1.7 1*5 1 .3 1.3 1.5 1* 6 1*5 1 .3 0*8 0 ,5 1,4 1 ,7 0 .8 2 ,5 2 .0 2-92 1.3 1,1 0 .8 0 .8 1.0 1.0 0*8 0 .6 0 .1 -0 .3 0 .4 0 .5 -0 .4 0 .5 -0 .5 - 4 .1 -5 .3 3-8 2 1.7 1 .5 1.3 1 .3 1 .5 1 .6 1*4 1 .3 0 .9 0 .6 1.3 1 .6 1 .0 2 .0 1.6 -o f i 1.3 8 .4 4-8 2 2 .2 2 .0 1.9 1.9 2 .2 2 .3 2 .2 2.1 1 .9 1 .7 2.5 2 .8 2 .5 3 ,6 3 *6 2 .8 4 .8 1 0 .2 1 2 .1 1-78 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 3-82 281*2 2 8 4 .7 286*9 INITIAL 283*4 283*2 2 8 6 .8 2 8 3 .9 3 , <2 266*4 7 .0 291*3 -2 .9 289*2 2 8 5 .3 2 9 1 .1 299-5 QU AR TE R PREPARED BY FEDERAL MARCH 2 1 , 19 8 3 17 RESERVE BANK Of ST. LOU IS DISP OSA BLE PERSONAL INCOME IN CURRENT DOLLARS _______C Q H P p jjN g E p 4™ t V A l R A T S ? Q f CHANfrfc_________ TERMINAL QUARTER INITIAL BILLIONS Of DOLLARS QUARTER ANNUAL 1-78 13 *6 3-78 13 #3 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-91 _J-81_ 4-81 1-82 2-82 RATES 3-82 1-A S1.3 o «i 2-78 2-78 1. 496-7 4-78 13 .2 13 .0 1 3 .0 1-79 12 .9 12 .7 1 2 .6 12 .1 2-79 1 2 .2 1 1 .9 1 1 .5 10 .8 1 .S4 7 -7 1 .5 8 7 .5 9 .5 1 .6 2 4 .0 3-79 1 2 .4 1 2 .1 1 1 .9 1 1 .5 1 1 .2 1 3 .0 4-79 1 2 .0 1 1 .8 11 .5 11 .2 1 0 .8 1 1 .5 10 .1 1-80 1 2 .1 1 1 .9 1 1 .7 11 . 5 1 1 .3 1 1 .9 11 .4 12*7 2-80 11 .1 1 0 .8 1 0 .5 10 .0 9 .6 9*7 8*6 7*9 3*2 3-80 1 1 .5 1 1 .3 11 .1 1 0 .8 10 .6 1 0 .8 1 0 .2 10*3 9*1 1 5 ,3 4-80 11*6 1 1 .4 11 .3 11*1 10 .9 11 .1 1 0 .8 11*0 1 0 .4 14*2 1 3 .0 1-81 1 1 .7 1 1 .5 1 1 .4 11*2 1 1 .1 1 1 .3 11 .0 11 .2 10*9 13*5 12 .6 12*3 2-81 1 1 .4 1 1 .2 11*1 1 0 .9 1 0 .7 1 0 .9 10 .6 10*7 1 0*3 1 2 ,1 11 ,1 1 0 ,1 7 ,9 3-81 11 .5 1 1 .4 11 .2 11*1 1 1 .0 1 1 .1 1 0 .9 11*0 10 *8 1 2 .3 1 1 .6 11 ,2 1 0 .6 13*3 4-81 11 .3 1 1 .2 1 1 .0 1 0 .9 10 .7 1 0 .9 10 .6 10*7 10*4 1 1 .7 10*9 10*4 9*8 1 0 .8 1-82 10 .8 1 0 .6 1 0 .4 10 .2 1 0 .1 1 0 .1 9 .8 9*8 9 .5 1 0 .4 9*6 8 .9 8 ,1 8 ,1 5*É l _ 3 ,0 2-82 1 0 .5 10 .3 1 0 .2 10 .0 9 .8 9 .8 9 .5 9*5 9.1 9 .9 9 .2 8 .5 7*8 7 .8 6 .0 4 .8 3-82 1 0 .4 10 .3 10 .1 9 .9 9 .7 9 .8 9 .5 9*4 9 .1 9 .8 9 .1 8 .6 8*0 8 .0 6 .7 6*2 7 .8 8 ,9 4-82 1 0 .1 1 0 .0 9 .8 9 .6 9 .4 9*4 9 .1 9*1 8*7 9 .3 8 ,7 8 ,1 7 ,5 7 ,5 6 ,3 5 ,8 6 ,8 _ 6 .9 4 .9 i-7 8 2-78 3-78 4-78 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 4-81 2-82 3-82 1 ,6 7 4 .3 1 .7 1 4 .9 1 .7 6 6 .9 1 * 7 9 1 .0 1 .8 4 5 .5 1 .9 0 2 .9 1 .9 5 8 .7 1 .9 9 6 .5 2 .0 6 0 .0 8 ,3 2 .1 0 1 .4 2 .1 1 7 .1 6*7 1-82 2 .1 5 1 .5 2 »1 9 9 . 1 2 .2 2 4 .3 INITIAL quarter DISPOSABLE PERSONAL INCOM E IN 1972 DOLLARS _____ üm illfiD LP ANNUAL ftAJES Of CHANGE______ TERMINAL QUARTER INITIAL BILLIONS O f am L ars QUARTER ANNUAL 1-78 2-78 3-78 4-78 2-78 3f9 3-78 4 .3 4 .7 4-78 4 ,3 _ 4 ,5 1-79 3 ,9 3*9 3*4 2 .5 2-79 3 .1 2 ,9 2 .4 1 .4 1-79 2-79 3-7? 4-79 1-90 2-80 3-80 4-80 2-81 3-81 4-81 1-82 2-82 RATES 3-82 9 9 4 .7 4*3 fn f > 4 , A 1 1 fr tl 1 r 1 0 .2 1 r 0 1 1 T7 3-79 3 .2 3 .0 2 .6 2 .0 1 .7 3 .2 4-79 2 .7 2 ,5 2 .1 1*5 1 .2 1 .7 1 10 1 9 . 8 1 .0 7 0 .1 0 .1 1-80 2 .5 2 .3 1 .9 1 .4 1 .2 1 .5 0 .6 1*1 2-80 1 .5 1 .1 0 .6 0 .0 -0 .4 -0 .6 -1 .9 -2 .8 —6 . 6 3-80 1 .8 1 .6 1 ,2 0 .8 0 .5 0 .5 -0 .2 -0 ,2 -0 ,9 5 .1 4-80 1 .9 1 .7 1 ,4 1 .0 0 .8 0 .9 0 .5 0 ,5 0 .4 4 ,1 3 .0 1-81 2*1 1 .9 1 .6 1 .3 1 .2 1 .3 1.0 1 ,2 1.2 3 .9 3 .3 3 .7 1.8 1*5 1 ,3 1 .1 1.2 0 .9 1.1 1.1 3 .1 2 .4 2 .1 3-81 2 .2 2 .0 1,8 1 .6 1.5 1 .6 1.4 1 .6 1.7 3 .4 3 .0 4-81 2 .1 2 .0 1 ,8 1 ,5 1 .4 1 .6 1 .4 1.5 1.6 3 .1 2*0 1-82 1 .8 1 .7 1 .5 i .3 1 .2 1 .3 1 .1 1 .2 1.2 2 .3 1 .9 1 .7 2-82 1 .9 1 .8 1 .6 1 .4 1 .3 1 .4 1 .2 1,3 1*4 2 .4 2 .0 3-62 1 .9 1 .8 1.6 1 .4 1.3 1 .4 1 .2 1.3 1.4 2 .3 4-82 1 .8 1 .7 1 .5 1 .3 1 .2 1 .3 1.2 1.3 1,3 2 .1 1-79 2-78 3 —7 9 4-78 1-79 2-79 3-79 4-79 1-80 2-80 2-81 1-81 1 .0 2 2 .8 1 * 0 0 5 .5 INITIAL 1 .0 1 8 .2 1 * 0 2 5 .7 1 .0 3 5 .0 0 .6 1 .0 3 6 .Ä 3 .0 2 .7 4 .8 1 .0 4 8 .8 2 .6 2 .2 3 .0 1 .2 1 .1 1 .3 —0 . 4 1*051^9 _ 1 .0 4 6 .9 -1 .9 1 ,0 5 4 .8 1 .9 1*5 1 .8 0 .8 0 .6 3 .1 2 .0 1 .9 1 ,5 1 .7 0 .9 0 .8 2.2 1 .3 1 .9 1 .6 1 .3 1 .4 0 .8 0 .7 1*6 0 .8 0 .3 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-92 3-82 1 .0 5 8 .3 1 .0 5 9 .1 QUARTER PREPARED BY FEDERAL RESERVE MARCH 2 1 , 1983 18 BANK OF S T . LOUIS CORPORATE. COM POUND ED TERMINAL P R O F IT S AF T ER TAXES* ANNUAL INITIAL OF RATES CHAN GE B I L L I O N S OF DOLLARS QUARTER quarter ANNUAL 1-78 3-78 4-78 2-79 1-79 3-79 4-79 1-80 2-80 2-81 1-81 3-81 4-81 1-82 2-82 3 3 .8 17 .1 4-78 32*3 2 3 .1 2 9 .5 1-79 2 4 .4 1 6 .1 1 5 .6 2-79 2 1 .0 1 4 .2 1 3 .2 5 .8 8 .4 3-79 1 9 .6 1 3 .9 13 .1 8 .2 1 0 .7 1 3 .0 1 4 .8 9 .4 8*0 3 .2 3*2 0 .6 -10 .4 1-80 15 .5 11 . 0 1 0 .0 6 .5 7 .3 6 .9 3 .9 2 0 .6 2-80 4 .9 O .l -2 .2 —6 . 6 -8 .5 -1 2 .3 -1 9 .4 -23.5 -5 1 .5 3-80 7 .7 3 .6 2 .0 -1 .4 -2 .2 -4 .2 -8 .1 -7 .3 -1 8 .7 3 6 .2 -0 .6 -5 .5 1 4 9 »9 1 5 9 .9 1 6 1 .2 3 .3 16 4 .5 1 6 9 .6 17 2 .9 1 4 4 .3 15 5 .9 158.1 7 .5 3 .8 2 .4 -1 .1 -2 .6 -4 .2 -1 1 .2 20 .0 5 .8 1-81 7 .6 4 .3 3 .1 0 .5 0 .1 -1 .0 -3 .2 -1 .7 -6 .5 1 6 .3 7 .4 9 .2 2-81 3 .8 0 .5 -0 .9 -3 .5 -4 .2 - 5 .7 -8 .1 -7 .7 -1 2 .6 1 .3 -8 .2 -1 4 .5 -3 3 .0 3-81 4 .4 1 .4 0 .2 -2 .1 -2 .6 -3 .8 -5 .7 -5 .0 -8 .7 3 .6 -3 .3 -6 .1 -1 2 .9 161*6 146 . 2 1 3 .2 1 5 0 .8 4-81 3 .0 0 .2 -1 .0 -3 .2 -3 .8 -4 .9 —6 . 8 -6 .3 -9 .6 0 .3 -5 .7 -8 .3 -1 3 .5 -1 .8 -1 4 .8 1-82 -2 .9 -5 .8 -7 .3 -9 .6 -1 0 .6 -12.2 -1 4 .4 -1 4 .8 -1 8 .4 -1 2 .2 -1 8 .4 -2 2 .5 -2 8 .8 -27 .4 -41.8 -60*3 2-82 -2 .5 -5 .2 -6 .5 -8 .7 -9 .6 -1 0 .9 -1 2 .8 -1 3 .1 -1 6 .2 -1 0 .2 -15*4 -18.5 -2 3 .1 -20.5 -29.3 -35*6 1 4 4 .9 11 5 .0 11 6 .3 4*6 3-82 -1 .8 -4 .3 -5 .5 -7 .5 —3 . 2 -9 .4 -1 1 .0 -11 .1 -13 .8 -8 .1 -12.5 -14.8 -18.3 -1 5 .0 -20.8 -2 2 .7 7*8 1 1 ,1 4-82 -1 .7 -4 .1 -5 .2 -7 .0 -7 .7 -8 .7 -1 0 .2 -10.2 -1 2 .6 -7 .3 -11.2 -1 3 .1 -1 5 .9 -1 2 ,6 -17.0 -1 7 ,6 5*1 .5* 4 0 .0 1-7F '¿-70 1-79 2-79 3-79 4-79 1-80 2-80 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2-82 3-82 y - 7 8 _ 4 —TiT IN CO ME QUARTER P R E P A R E D BY F E D E R A L MA R CH 2 1 . 1 9 8 3 H IS T O R IC A L N A T IO N A L T h e P r o d u c t T a F le s N IP A n u m b er a p p e a r E s tim a te s f o r IN C O M E e s t im a t e s A c c o u n ts (S to c k 197 7-81 in th e th e o f J u l y s in c e , C u r r e n t B u s in e s s . c o m p r e h e n s iv e p r o d u c t a c c o u n ts P r in t in g O f f ic e , F o r W e a lth in th e W a s h in g to n , in f o r m (B E - 5 4 ) W a s h in g to n , D .C . a t io n , B u re a u D .C . o f a re o f a p p e a r in o f in T h e N a tio n a l $ 1 0 .0 0 ). E s tim a te s is s u e s p u b lic a t io n s n a t io n a l 1980 D o c u m e n ts , In c o m e S t a t i s t i c a l f o r B u s in e s s . s u b s q u e n t th e D e cem b e r o f 8 ANK. DATA 1 9 2 9 - 7 6 : C u r r e n t T h e s e r e v is io n S u p e r in te n d e n t f u r t h e r D iv is io n C o m m e rce , d e s c r ib e d ACCO UN TS p r ic e S u r v e y RESERVE O F S t a t e s , p e r io d s o f th e 1 92 9 -7 6 1982 r e s u lt s fro m PRO D UC T 0 0 3 -0 1 0 - 0 0 1 0 1 - 1 , o f a v a ila b le SO U R C ES U n ite d S u r v e y th e AND f o r th e m o n th ly o f 1 1 9 .4 1 1 9 .4 P BASIS a n d _ 1 6 5 .Q 4-80 NATIONAL RATES 3-82 144-1 INITIAL * 4-80 3-80 52*8 3-78 I* 1 N >0 2-78 2-78 in c o m e S u r v e y , U .S . o f t h e p r e s e n t a n d th e an d a r e G o v e rn m e n t 2 0 4 0 2 . w r it e to E c o n o m ic 2 0 2 3 0 . 19 th e N a tio n a l A n a ly s is , In c o m e U .S . a n d D e p a rtm e n t OF ST* LOUIS . INVENTORIES COMPARED WITH M A N U F A C T U R I N G 1970 1971 * R A T I OS 1969 BASED ON SHADED AREAS REPRESENT LATEST DATA 1972 1973 SEASONALLY PLOTTED: 1974 ADJUSTED PERIODS JANUARY OF 1975 1976 AND 1977 MONTHLY 1978 DATA. BUSINESS SALES* T R A D E 1979 SOURCE: 1980 1981 U . S . DEPARTMENT 1982 OF 1983 C O MME R C E RECESSIONS. PRELIMINARY PREPARED 20 BY FEDERAL RESERVE BANK OF ST. LOUIS
@FedFRASER