Full text of National Economic Trends : May 1984
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N a t io n a l E c o n o m ic T r e n d s M a y 1984 A lth o u g h fo u rth q u a rte r b e c a u s e s in c e o f th e e a r ly in c r e a s e G N P . a n d to b e fo re sh a rp th e n to th e g a in s , a s a v e h ic le th e o v e r, in le v e l o u tp u t in o n ly th e 8 3 .6 h a s e a r ly (a u to s a n d th a n b e in g fir s t its in R e c e n t o f th e s in c e a d v a n c e d a c t iv it y b u ffe te d b y m o re r e c e s s io n th e a t d u r in g th e fir s t a th e e n e rg y s t r o n g ly a n d re a c h e d p e a k . 1979 A tro u g h q u a rte r s c a n t 1980s sh o ck s fro m e m p lo y m e n t r a p id o f its T re n d s (c o m p o u n d e d in c y c lic a l in 1 98 0. u n t il M o to r 1979 th e 0 .7 is in o f p e rc e n t th a t th e th e 1979 ra te ra te o f th e fo r o f 1982 th e th e 1970s r e c e s s io n m o to r an d th a n v e h ic le th e re a l in d u s tr y p e ak g e n e ra l fo u rth in in th e r e la tiv e th e v e h ic le 5 o f e n e rg y o f th e 1982. q u a rte rs e m p lo y m e n t, q u a rte r o f m a la is e q u a rte r p a st fir s t p r ic e h a s o f 1979, b u s in e s s T h e s e c y c le lo s s e s re tu rn e d d e s p ite ra te s IV / 1982 to 1/1984 V e h ic le o f re c e n t s tro n g In d u s t r y 1/1 97 9 to to IV / 1982 1/1984 O u tp u t G N P (1 9 7 2 M o to r P a y r o ll d o lla r s ) v e h ic le 6 .7 % o u tp u t (1 9 7 2 d o l la r s ) 0 .1 % 1 .7 % 4 5 .2 - 1 1 .6 3 .1 - 0 .1 0 .7 2 4 .7 - 1 1 .4 - 3 .5 0 .0 e m p lo y m e n t T o ta l M o to r v e h ic le s a n d V ie w s e q u ip m e n t — K e ith e x p re s s e d d o n o t n e c e s sa rily re fle c t o fficial p o s itio n s o f t h e Fede ral R e s e rve S y s te m . M . in o u tp u t c h a n g e ) 1 /1 97 9 a c o n tr ib u te d le v e l. M o to r a n n u a l th e T h e th e e x p a n s io n 1979. e a r ly a ju m p a n d o u tp u t T h e q u a rte r p e rc e n t h a s s in c e ra te h a lf. o u tp u t tru c k s ) v e h ic le q u a rte rs . r a te a n n u a l e c o n o m ic re b o u n d e d o u tp u t m o to r p e rc e n t 1 97 9. re a c h e d v e h ic le 11 m o re 6 .7 p e rc e n t e m p lo y m e n t o f s u m m a r iz e s s in c e e c o n o m y o v e r r a p id 1 .7 P a y r o ll a fte r 1980s, ta b le a a a s p e c t by in d u s tr y , w h o le a t o n ly p o s itiv e th e m o to r re a c h e d re a c h e d a t re d u c e d d e p r e s s in g a c c u m u la t e d h a s o f o v e r a ll d e c lin e s to o k o u tp u t b e e n v e h ic le a d v a n c e d up r e c e s s io n s . a c c o m p a n y in g e c o n o m y M o to r y e a r is c h ie f h a s m o to r h a s it re c e n t T h e flu c tu a tio n s T h e th e tw o p r ic e s T h e G N P 1982, 1979. in e c o n o m ic r e a l o f C a r ls o n T O T A L C I V I L I A N EMPLOYMENT CDHPOUNOEO ANNUAL R A TES OF CHANGE 9—82 10-82 10-82 -3 .2 11-82 - 12-82 -1 .7 12-82 1-83 2-83 3 -8 3 4-83 5 -8 3 6- 8 3 7- 8 3 8 -8 3 9-83 11-83 12 - 8 3 1 -8 4 2-8 4 3-84 -1 .3 - 1.0 0.0 0.1 99 ,036 -0 .7 98,9 79 0.6 0 .4 0.9 1 .4 0.3 0 .9 1 .4 1.9 0.5 1.1 1 .5 1 .9 1.9 2.4 2.7 1 .9 2.4 3.0 3 .6 3.9 4.8 5.9 7.0 12 .5 3.3 3 .9 4 .2 5 .0 5.9 6 .7 9 .1 5.9 101,225 3 .3 3 .8 4. 1 4 .7 7 .1 101 *4b4 4-83 5 -8 3 — . 0.7 99 ,154 0.2 1.0 1.8 99 ,1 72 1.8 2.7 9 9, 316 99 ,606 3.6 9 9 ,7 62 7- 8 3 1.8 2.2 8-83 2.3 2.8 2.8 5.3 5 .8 4.5 3 .1 9-8 3 2.5 3 .0 3 .5 3.9 4 .1 4 .7 5.2 5.6 6 .5 4.6 3.9 4 .7 10-83 2. 4 2.8 3 .2 3 .6 3 .3 4.3 4 .6 4.8 5 .4 3.7 3.0 2.9 1.1 11 -83 2.7 3.2 3 .6 4 .0 4.2 4 .6 5.0 5.2 5 .8 4.5 4.1 4 .5 4.4 100,743 10 1»876 101 ,97o 102,606 102 ,941 2.8 2.8 3.3 3.6 4. 0 4.2 4 .6 4.9 5 .1 5.5 4 .4 4.1 4 .4 4 .2 5 .9 4 .0 1- 8 4 3.2 3.6 3.9 4.1 4.4 4.7 4.8 5.2 4 .2 3.9 4.1 3.9 4.9 3.5 2 .9 1 7.7 CD ■t' 6 -8 3 10-83 2.1 1.2 3-83 2 -8 3 11-82 99 ,14 6 2.2 08 - 0.6 - 0.2 1- 8 3 TrtLOSANCi Li- PERbUhiS I N I T I A L MONTH term inal MONTH 3.2 3.6 3.9 4 .2 4 .4 4.8 5.0 5.2 5.6 4 .7 4.6 4.8 4 .8 5.8 5 .1 5.7 8.5 3 -8 4 3. 1 3.5 3.8 4 .2 4.3 4 .6 4 .9 5.0 5.3 4.5 4.4 4.5 4.5 5.2 4 .6 4. 7 5.7 2.9 4-8 4 3.1 3.5 3.8 4. 1 4.2 4 .5 4.7 4 .8 5 .1 4.4 4.2 4.3 4 .3 4 .8 4.3 4 .3 4.8 3.0 3.1 1-83 Z - 83 3- 8 3 4-83 5-8 3 6- 3 3 7 -8 3 " 0-83 9-8 3 10-83 11-83 1 2 -8 3 1- 8 4 2-8 4 3 -8 4 12-83 9-^37 "10—ifZ~ 11-82 12-82 103 ,190 103,69^ 104,140 104,402 I N I ! IAL HUN1H' PAYROLL EMPLOYMENT COMPOUNDED ANNUAL RATES OF CHANGE 9-82 10-82 10-82 2-83 3- 8 3 -0 .9 -0 .3 4-83 -0 .3 12-82 12-82 1-8 3 2 -8 3 3 -8 3 4-8 3 5-83 6-8 3 -3 .0 - 10 -83 11-83 12 -8 3 1 -8 4 2-84 3-84 88 ,6 65 88*886 3 .0 0 .5 -1 .9 0.7 -0 .5 0.9 0.3 0.2 0.1 0.8 1 .4 0.9 2.4 3.8 2.1 3.1 4.2 4.6 3.8 4 .7 5.2 5. 8 - 88 ,745 88,814 89 ,09 0 0.3 0.9 1.4 0. 9 1.5 2.1 2 .7 1.8 2.6 1.2 0.6 1.8 1.1 2 .3 2 .9 2.9 3.8 4 .6 4.9 5 .0 8-83 1 .4 1.8 1.7 2.3 2.5 2.2 1 .5 9 -8 3 1.8 2.3 3 .3 3 .3 4.1 4 .6 4.8 4 .9 3.3 3 .3 4 .0 4 .4 4.5 4 .5 3.3 3.3 3.9 4.3 4.4 4.4 3. 3 3.3 3.9 4.2 4 .3 4 .2 3.9 12 -8 3 9-83 1.6 0.7 5 -8 3 10-83 8-83 08, 936 88, 78i> 6-83 11 -8 3 7-8 3 - -J I OD U> 1-8 3 11-82 -3 .9 2.0 -2 .5 -1 .8 - 1.2 - 0.2 - 0.6 -1 .3 11-82 THOUb/vNLi OF P t h - L N - I N I T I A L MONTH TERMINAL HUNTH 2.4 2.8 2.8 2.0 2.1 2.5 2.9 2.6 2 .9 1 .9 89 ,4 21 89 ,84 4 9 0 , A52 4 .2 - 0.6 -5 .2 4.6 4 .7 15 .8 4 .2 4 .2 9.3 3.1 4.1 4.1 7 .4 3 .4 3.6 3.9 6.3 3. 3 3.4 89,7^8 90 ,8 51 91 ,0 84 91 ,355 91 ,599 3.3 1-8 4 2. 3 2 .7 3.0 3.4 3.4 3.9 4 .2 4 .3 4.2 4.0 4.0 5 .9 3 .6 3.8 3.8 4.4 2 -8 4 2.5 2 .9 3 .2 3 .6 3 .6 4.1 4 .4 4 .4 4 .4 4.2 4 .2 5.9 4.0 4.3 4.5 5.1 5.7 3-84 2.4 2.8 3.1 3.5 3 .5 3.9 4.2 4.2 4.2 4.0 3 .9 5.3 3.7 3 .8 3 .8 4.0 3.8 2.0 4-8 4 2.6 3.0 3.3 3 .6 3.6 4.0 4 .3 4.3 4.3 4 .1 4. 1 5.3 3.9 4 .1 4.1 4 .4 4 .3 3 .7 5.4 y-82 1U-82 11-82 12-82 1-83 2-83 3-83 4-83 5- 8 3 6—tJ3 7-8 3 8-83 9-83 10 -8 3 11-8 3 12—83 1 -8 4 2-84 3 -8 4 91 ,930 9 2 ,3 57 92 ,5 0 6 ^ 92 ,913 H 1 N 1 I IA L Muffi H P - PRELIMINARY PREPARED" BY FED ER AL kb S t R V E b A N K MAY 4 , 1984 G J ^ S T . IX T O IT EMPLOYMENT RAT I 0 SCALE MILLIONS 1976 OF RAT I 0 PERSONS 1977 seasonally 1978 1979 MILLIONS ADJUSTED 1980 1981 1982 1983 OF SCALE PERSONS 1984 SOURCE: U.S.DEPARTMENT OF LABOR PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. LATEST DATA PLOTTEDt APRIL PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS UNEMPLOYMENT PERCENT SEA S O N ALLY RATE A D JU STED PERCENT 1 2 .0 11 . 1 1 .0 10. 1 0 .0 9. 9.0 8. 8 .0 7. 7.0 6. 6 .0 5. 5.0 4. 4.0 1976 1977 1978 1979 1980 1981 1982 1983 1984 SOURCE s U.S. DEPARTMENT OF LABOR PERCENT OF CIVILIAN LABOR FORCE LATEST DATA PLOTTED: APRIL PREPARED BY FEDERAL RESERVE BANK OF ST. 3 LOUIS CONSUMER P R IC E INDEX FOR ALL URBAN CONSUMERS» SEASONALLY A D JU ST ED * _______________________ COMPOUNDED ANNUAL R A T ES QP CHANCE________________________ TERMINAL_________________________ ________________________________________ I N I T I A L MONTH___________________________________________________________________ 00 MONTH 9-92 L S -9 ? . 11- 92 12 -8 2 3- 8 4 2 -8 3 1-8 3 3-83 4-83 7 - 8 3 8 -8 3 1-84 2 -6 4 9 - 8 3 10—83 11-83 12 -8 3 5- 8 3 6-83 10 -82 4.6 U -9 2 2*3 Pt O 12-92_ 0,3 -1 .8 -3 .6 1- 8 3 1.1 0.0 0.0 2-93_ 0.7 -£*2 3 -8 3 293*7 ¿93.7 ?9?.ft 293. 7 3.8 _ 1*4 -0 .8 2 9 3 .5 o.e . 0*0 0 .0 i *2 0.0 0.8 . 4 - 8J_ 1*9 1*4 1*6 3*0 2 .8 4.6 9*5 5 -8 3 2 .3 1*9 2*3 3.5 3.4 4 .9 6*9 29 3 .7 29 5.7 29 7.0 5 .4 6-83 2 .3 2 .0 2.3 3.3 3.2 4.2 5.4 3 .9 2.5 7 -8 3 2*5 2.3 2.6 3 .5 3.4 4 .3 5.2 4.1 3.5 8 -8 3 2.7 2 .5 2.8 3 .6 3.6 4.3 5 .1 4.2 3.8 4.5 4.5 9-93 2.8 2 .7 2.9 3.7 3.7 4 .4 5 .0 4 .3 4.0 4.5 4.5 10-8 3 3. 0 2 .9 3 .1 3.8 3 .8 4.4 5.0 4.4 4.2 4.6 4.6 4.7 4.9 11 -83 3.1 3.0 3 .2 3 .9 3 .9 4.4 4.9 4 .4 4.2 4.6 4.6 4 .6 4.7 4.5 12-83 3.1 3.0 3 .2 3*9 3*9 4 .3 4*7 4.2 4.0 4.3 4*2 4.2 4 .0 3.6 1 -8 4 3 .4 3 .3 3 .5 4.1 4.1 4.6 5.0 4 .6 4.5 4 .8 4.8 4.9 5 .0 5.0 5 .3 7 .8 2-84 3. 4 3 .4 3 .6 4. 1 4.1 4.6 4 .9 4 .6 4.5 4.7 4 .8 4 .8 4.9 4 .8 5.0 6. 1 4.4 3-84 3 .4 3 .3 3.5 4 .0 4.0 4 .4 4.7 4 .4 4.3 4.5 4.5 4.5 4.5 4.4 4 .4 5.0 3. 6 2 .8 4 -84 3 .5 3 .4 ^3.6 4, 1 4.1 4 .5 4.8 4 .5 4.4 4.6 4 .6 4.6 4.7 4.6 4 .7 5.1 4.3 4.2 _ 9-82 10 -8 2 11-82 1-83 2-83 3 -8 3 4-83 5 -8 3 6- 8 3 7-83 8 -8 3 9-8 3 10 -8 3 11-83 1 2 -8 3 1-84 12-82 2 9 7. 6 2 9 8 .7 4.5 29 9 .8 4.5 30 2 .1 30 3.2 2*9 30 3.9 3 0 ^. 9 306. 9 2-8 4 30 7 . 6 309. 0 5.6 3-84 I N I T I A L MONTH ♦DATA BEGINNING 1983 INCORPORATES RENTAL EQUIVALENCE MEASURE. PREPAREU BY FEDERAL RESERVE BANK OF S T . UÜU1S MAY 22* 1984 PRODUCER PRICE IN DEX, FINISHED GOQOS - SEASONALLY ADJUSTED* COMPOUNDED ANNUAL"TT A T E T- ÖP CHAüTÉ" ' TERMINAL MONTH " 9-8Z^ 10 -82 3.*- 11-82 5 .4 11-82 12-82 T-5 3 Z-83~~'3-83 4-83 5- 8 3 6-83 7 -8 3 1967 » 100 8-83 9-83 2-84 3- 8 4 28 5. 0 4.6~ ' 5 .Ô 1.2 Ô .3 -2 .4 2-83 1.1 0.4 -1 .7 -3 .9 0.9 3 -8 3 ô. é " 0 .0 -1 .7 ^ 3 .2 -0 .4 -1 .7 4-8 3 ô .r -0 .1 -t.4 -2 .5 -0 .4 -1 .1 5-83 0.9 0 .4 -0 .6 -1 .3 0.3 0 .4 T . r 3 .4 6-8 3 1.3 1.Ô Ô.1 -0 .3 1.4 1.5 2.6 4.1 4 .7 7 —83 l.l 0.8 Ö. 1 -0 .3 “rrr 1.2 1.9 2. y 2.3 Ò.0 8 -8 3 1.5 1 .2 0.6 0 .3 1.6 1 .8 2.5 3.2 3.1 2.3 9-83 1.5 1 .2 0 .7 0.4 1.6 1.7 2.3 2.8 2.7 2.0 3 .0 1.3 ITT Ö.8 ■ Ô.S" 1.6 1.7 ¿.2 2; i 2 .6 2.0 2 .7 1.7 2.1 i.i ... ,^5.. 1-84 28 3. 4 l -f f 3 10 -83 10 -8 3 11-8 3 1 2 - 8 3 7. Ö co 1 N ' 10-82 I N I T I A L MONTH 3.0 28 5. 7 -8 .5 28 3 .6 2 8 3. 8 2 8 3. 4 -0 .4 28 3 .3 28 4.1 2 8 5. 2 28 5. 2 4 .7 28 6 .3 286.6 2 8 7 .1 11 -8 3 1. 3 0.7 0.5 1.4 1.5 1.9 2.2 2.0 1.4 1.8 0 .8 0.6 -0 .8 1 2 -8 3 1.4 "" 172~ Ô.8 0 .6 1.5 1 .5 1.9 " 2 . T 2.0 1.5 1.9 1 .2 1.1 0.6 1 —84 1.7 1 .6 1.2 1.1 1.9 2 .Ö 2 .4 2 .7 ¿ .4 2 .8 2 .4 2.6 2 .8 4.7 7.3 2 -8 4 1.9 1.8 1 .5 1.3 2.1 773 2 .6 2.9 2.6 3 .0 2 .7 ” 3.Ö 3.3 4 .7 6 .0 4.7 3-84 ' 7.1 2.0 1.7 1.6 2.4 271T 2.9 3 ."2 3.2 3.0 3.4 3.2 3.5 3.6 5.0 6 .0 5.3 5.9 4-84 2. 0 ' IT T 1 .6 1.5 2.3 2 .4 2.7 2 .* 2.9 ¿.7 3.0 2.8 3.0 3.2 4.0 4.4 3 .5 2.9 0.0 1 0 -8 2 11-82 12-82 1- 8 3 2-83 3-83 4-83 5- 8 3 6-83 7-83 8-83 9-83 1 0 -8 3 11 -8 3 1 2 - 8 3 1-84 2-8 4 3-84 9-8 2 *ÜA Ï A FUK FUUK MONTHS AGU R t v I S t U TO R E F l t L I 2 .? 286.9 2.1 2 8 7 .4 28 9.1 29 0. 2 2 9 1 .6 2 9 1 .6 I N I T I A L MONTH LA Tt REPORTING PREPARED BY FEDERAL RESERVt BANK iff S T . MA?” I l » 1984 4 LOUIS RATIO SCALE I 96 7 —100 P R I C E S SEASONALLY ADJUSTED RATIO SCALE 1967-100 CONSUMER PRICE IHDEX 6E6IHN I NC JANUARr 1978 18 FOR ALL URBAN CONSUMERS <CPI-U). CPI-U DATA BE6INNIN6 1983 INCORPORATE A RENTAL EQUIVALENCE MEASURE FOR HOMEOfNERSHIP COSTS. PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PERIODS INDICATED. LATEST DATA PLOTTED. APRIL PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS R A T I O SCAL E 1967-100 PRODUCER PRICES SEASONALLY ADJUSTED R A T I O S CAL E 1967-100 PERCENTACCS ARE ANNUAL RATES OF CHAN« FO# PERIODS I H£>ICATEO. LATEST DATA PLOTTEIh APRIL PREPARED BY FEDERAL RESERVC BANK Of ST. LOUIS P R O P U C a i P R IC E INDEX» F IN IS H E D CONSUMER F O O O S - SEA SO N A LLY AOsHJSTED» COHPOUNOEO ANNUAL R A T ES OF CHANGE TERMINAL I N I T I A L MONTH MONTH 9-8 2 “1 0 - 6 2 11-62 1 2 -8 2 1- 8 3 2 -8 3 3-8 3 4-8 3 5 -8 3 6-83 7-83 1967 » 100 8-8 3 10-8* 6.6 11-82 2 .1 4.3 12- « 2 1 .9 2.8 1 .4 1 -6 3 6.7 6 .9 -0 .7 -2 .7 2—63 2.5 ' 3.2 2 .8 3.5 10 .2 3 -8 3 2 .1 275 2.1 2 .3 5.0 0 .0 4-83 3 .1 57T 3.6 4 .1 6.5 4 .7 9 .6 5-B3 2 .1 2.4 2 .1 2.2 3.5 1.4 2 .1 6 —83 i .r 1.2 0.8 0.7 1.4 -0 .7 7-03 0.4 0 .5 0.0 -Ô .T “ 572' -1 .6 -2 .1 -5 .7 -6 .0 -5 .4 0-83 0.8 0.8 0 .5 0 .3 0.8 -0 .7 -0 .8 -3 .3 -2 .7 -0 .7 4.2 1 .3 -0 .9 0.1 2.5 6.7 9.1 $ -6 y 9-83 1 0 -8 3 11—83 12 -8 3 1 -8 4 2-6 4 3-84 ¿58.4 2 5 9 .3 25 9 .6 25 9 .0 2 6 1. 1 26 1. 1 2 63 .1 -4 .9 - 6 . 9 ^ -5 .8 26 2. 0 - 6 .7 26 0. 5 25 9. 3 2 6 0. 2 1 .4 1.6 1 .3 1.8 0.7 0.8 10— 83 ¿.3 " 2 :5 2 . 3 ' " 2.4” 3.0 2.1 2 .4 1.3 2.6 5.0 8.8 11 .1 13.1 11 -6 3 1.8 2.0 1.8 2.3 1.6 0.5 1.5 3.2 5 .4 5.8 4 .2 26 2. 1 26 4.8 2 .4 2.9 1.4 2.2 ~4.'4 4 .6 '573 4 .9 4.6 4 .7 4 .9 573 5.1 5.6 5.2~~ 6 .4 8 .2 10 .3 1 1 .3 11.7 1 1 .4 17.1 21 .3 8 .2 4.7 4 .9 5.0 5.2 5.8 5.5 ^ > .0 57T 6 . 8 — 8.4 10.2 1T.T ~1T*5 1 1.1 1 5 .3 17.4 9.1 10 .1 " 4.0 4 .3 4.3 4 .4 4.9 4.6 4.$ 4.6 5.5 6.6 Ô .2 8 .7 8 .7 7.9 10 .5 1 0 .9 3 .6 1.3 -6 .7 9-8 2 1 0 -8 2 11-82 12-8 2 1- 83 2 -8 3 3-83 4-83 5- 8 3 6-83 7- 8 3 8-83 9 -8 3 10 -83 11 -83 1 2 - 8 3 1-84 2-84 3-84 1-84 2-84 3 — 84 12-8 3 2.3 2 .4 1 -8 4 4.1 4 .4 2-84 4.4 3 -8 4 4-04 2.3 ' 1 .8 -4 .0 26 3.9 2 .4 1.5 2 .5 4.1 6 .1 6 .6 5.8 2 .3 9.0 5.4 4 .9 6.2 8.2 10.6 11 .9 12.6 1 2 .5 2 1 .8 36.0 26 5. 8 27 2. 7 27 4. 5 2 7 6. 7 2 7 5. 1 I N I T I A L MONTH ruuuj in. v r t v i v c IRVtA t r x n i g n c y ^f C COMPOUNDED ANNUAL RAT e S OF CHANGE TERMINAL MONTH I N I T I A L MONTH 9-62 10-82 ir-8 2 12-62 16-62 4.1 11- i r 6.4 7.7 12-82 5.4 5 .5 1-83 2-83 3-83 4-83 1-63 2-83 3-83 4-8 3 6 -8 3 7-83 1967 « 100 8-83 9-83 2 9 1 .5 3.3 2 9 2. 3 -T76 -1 6.5 -0 .5 -3 .1 -è . 2 -1 .6 0.1 ““-073“ -2 .4 —4.8 -1 .9 -2 7 l -2 .9 -4 .4 -2 .3 -2 .7 -3 .3 ^ .1 1.3 6.0 H >. 4_ -1 .2 2 8 9. 6 28 9. 2 28 8. 7 2 8 7. 9 0.4 -o ;z - 1 .5 - 2 . 4 "■■-0 . 1 6-63 1.3 0.8 -0 .1 -0 .7 1 .4 2.2 3 .7 7.3 8 .6 7-83 1 .4 ' 1.0 o:'2 ' - 0 . 3T 1.5 2.2 3.3 5.5 5.3 2 .1 1.3 T>.6 1.9 275“ 3.4 5 .2 4 .9 3. 1 2.7 4 .0 3.5 1.8 1 .7 -0 .8 3 .T ” 2.5 T.6 0 .7 -1 .0 -1 .2 “1 .6 9 -8 3 1.4 10—83 1 .2 11 -8 3 1 .2 12—83 1 0 -8 3 11 -83 1 2 -8 3 2 8 9 .7 -0 .1 1.1" " 0.6 5-8 3 5-83 8 -8 3 icy 0 .3 “ 2 8 9. 3 29 1. 3 29 1. 8 4 .2 292.8 1.1 0.5 0.1 1.6 2.0 0.3 0 .0 1.2 1.6 0.3 0.1 1 .2 1.5 2.0 2.8 2.2 1.0 0 .7 -0 .4 -0 .2 0.8 1.1 0^ " 0.9 o.w 0.3 0.0 1.1 1.3 1.7 2.4 1.8 0.8 0.5 -0 .4 —0 . 3 0.2 -0 .4 1-84 1.6 0 .7 372 0 .0 0.9 ITI 1.5 2.6 1.6 0.6 0 .3 -0 .4 -0 .3 0.0 -0 .4 -0 .4 2-84 l.l 0 .9 0.4 0.2 1.1 1.3 ■1 . 7 1 .8 0.9 0 .6 0 .2 6.4 0.8 0.8 1.4 3.3 3-84 1.3 1 .1 0.7 0 .5 T*"4" 1.6 1.9” 274~ 2 .1 1 .4 l.T 0.9 1.2 1.7 1.9 2 .6 4.2 5.0 4-8 4 r.4" 1 *z 0.6 0 . 6 " I . "4 1.7 1.9 2 .4 2 .1 1 .4 1.^ 1 .0 1.3 1.7 1 .9 2.5 3.5“ 3.5 2.1 10 -8 2 11-82 2-83 3 -8 3 4-83 5 -8 3 6-83 7-83 8-8 3 9-83 2-84 3-84 9-8 2 12—82 1 -6 3 ~t ; i 2 TZT 29 2 .6 2 9 2. 3 2 9 2. 5 29 2 .4 10 -8 3 1 1- 83 1 2 - 8 3 2 9 2 .3 1 -8 4 29 3. 1 29 4 .3 29 4.8 I N I T I A L MONTH n) A T A FOR FOUR MONTHS AGO REVISED TO REFLECTr LATE REPORTING PREPA RED BY PEO ERA L R E S E R V E BANK OF S I * Ha y 1 1 , 1984 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 RATIO SCALE SEASONALLY ADJUSTED 1 9 6 7 - 1 0 0 1976 1977 1978 1979 1980 SCALE 1 9 6 7 - 1 0 0 1981 1982 1983 1984 PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. LATEST DATA PLOTTED t APRIL PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS COMPOUNDEO ANNUAL RATES OF CHANGE TERMINAL MONTH I N I T I A L MONTH 9- 8 2 10 -8 2 11-82 12 -82 1 0 -8 2 -1 3 .1 11 -8 2 -1 0 .0 -6 .8 12-8 2 -6 .0 -2 .2 2.7 1- 8 3 0 .2 5.1 11.6 21 .4 2-8 3 1.4 5.4 9.8 13.6 1-83 2-83 3-83 4-8 3 5-83 6-83 7 -8 3 1967 * 100 8 -8 3 9 -8 3 1 0 - 8 3 11-63 12 -6 3 1-84 2-6 4 3- 8 4 135.7 134.9 135.2 137 .4 6.3 138.1 3-83 4 .0 7.8 11.8 1 5 .0 11.9 17 .8 4-83 6.7 1 0 .4 14 .3 1 7 .3 16.0 2 1 .2 24 .7 5-8 3 7.9 11.2 14 .6 17.1 16.1 19 .5 20.4 140.0 142.6 16.2 144.4 6-83 8.9 12.1 15.1 17.3 16.4 19 .1 19.6 17.1 17.9 7-8 3 10 .9 1 4 .0 16 .9 1 9 .1 18.7 21 .4 22.3 21.5 24 .1 30.7 8-83 11 .6 14.4 1 7 .0 19.0 18 .6 20.8 21.4 20.6 2 2 .1 2 4 .3 146.4 149 .7 1 8 .2 151.8 9-83 12.0 14.6 17 .0 1 8 .8 18 .4 20.3 20 .7 1 9 .9 20.8 21 .6 17 .6 1 7 .0 1 0 -8 3 11 .8 14 .2 16 .4 17 .8 1 7 .4 1 8 .9 19.1 16. 1 18.5 18 .7 14 .9 13 .3 9.8 11-83 11.1 13.3 15 .1 16 . 3 15 .8 16 .9 16.8 1 5 .7 15 .7 15.2 11 .6 9 .5 6.0 2.3 12 -8 3 10.9 12. 8 14 .5 1 5 .5 15 .0 15.9 15.7 14.6 14.4 13.8 10 .7 9 .0 6.4 4 .7 7 .2 1-84 11.4 13 .2 1 4 .8 15 .8 15.4 16 .2 16.1 15.1 15 .0 14 .6 12.1 10.9 9 .5 9.3 13.0 19.2 2-84 11.5 13.2 14 .7 15.6 15.2 15.9 1 5 .8 14.9 14.6 1 4 .4 12.2 11 .2 10.1 10.2 12.9 15 .9 14.9 14.5 15 .1 14.9 14 .1 1 3 .9 1 3 .4 11.4 10 .5 9 .4 9.4 11.2 12 .6 9.4 6.2 15 .1 14 .7 1 5 .3 15 .1 14.4 14 .2 13 .6 12.1 11.4 10*6 10 .7 12*5 13 .6 12 .1 11.8 17.7 H —82 12 -8 2 1-8 3 2-83 3-63 4-63 5 -& L 6 -6 3 7-63 6-83 9 - 8 3 1 0 - 6 3 11-6 3 1 2 -8 3 1-84 2-6 4 3-6 4 3-84 11.2 1 2 .8 14.1 4-84 11.5 13.0 14.3 9-8 2 10-82 in it ia l 153.8 155.0 155.3 156.2 156.5 1 2 .6 160.1 160.91163.1k mon th P - PR E LIMIMA* Y PREPARED 6 Y FEDERAi, RESERVE BANK. OF S I . LÛU1S MAY 15» 1964 7 P E R S O N A L RATIO SCALE TRILLIONS 3. MONTHLY OF DOLLARS TOTALS I N C O M E AT ANNUAL RATES S E A S ON A L L Y ADJ UST E D RATIO TRILLIONS 3.2 OF SCALE DOLLARS 3. 1 3.0 2.9 2 .8 2 .2 2. 1 2 .0 I .9 1. 8 1. 7 1.6 1.5 1. 4 1. 3 I . 2 I . I 1976 1977 1978 1979 1980 1981 1982 1983 1984 SOURCE: U.S. DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. LATEST DATA PLOTTED: APRIL PRELIMINARY PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS COMPOUNDED ,ANNUAL RATES OF CHANGE TERMINAL MONTH R U t îriNÇ nF OOLLARS ANMJIAI RATFS I N I T I A L MONTH 9-82 10-82 11-82 10-82 9.8 11-82 8.5 7.2 12-82 7.5 6 .4 5.6 1-8 3 6.5 5.4 4. 5 12-82 1-83 2-83 3-83 4-83 5-8 3 6-8 3 7 -8 3 8-83 9-83 10 -8 3 11-83 12 -8 3 1-8 4 2 -8 4 3-84 2,6 17.8 2,633.1 2 ,6 4 5 .0 3.5 2,6 52.6 2 -8 3 5.0 3.8 2.7 1.3 -0 .9 3 -8 3 5.7 4.9 4 .3 3.9 4.0 9.2 4-8 3 6.1 5.5 5. 2 5.1 5.6 9.0 8 .8 5-83 7.1 6.7 6.7 6.9 7 .7 10.8 11 .6 6-83 7.0 6.6 6.6 6.7 7.4 9 .6 9.7 7 -8 3 7.0 6.7 6.6 6 .7 7.3 9 .0 8 -8 3 6.7 6.4 6.3 6.4 6.8 8.2 9-63 7 .1 6.8 6 .8 6.9 7.4 2,6 5 0 .5 2,6 7 0 .1 2,6 89.0 14 .4 2,7 1 9 .3 10.1 6.0 2,7 3 2 .6 9 .0 9.0 6.4 6.8 7.9 7.7 5.6 5.3 3.9 8 .6 8.5 8 .5 7.0 7 .4 7.7 2 ,7 47.6 2,7 56.4 11 .5 2,7 81.6 10-83 7 .6 7 .4 7.5 7.6 8 .1 9.3 9.3 9.4 8.4 9.0 9.8 12 .9 14 .2 11-83 7.7 7 .6 7.6 7.8 8.2 9.3 9.3 9.4 8.6 9.1 9.7 11 .7 11 .7 9.3 12-83 8 .0 7 .9 7.9 8.1 8.5 9.5 9 .6 9 .7 9.0 9.5 10.1 1 1 .7 1 1 .7 10 .5 11 .6 2 ,8 12.5 2,8 33.5 2,859.6 1 -8 4 8.8 8.7 8.8 9.1 9.6 10 .6 10 .7 10.9 10.5 11 .2 1 1 .9 1 3 .6 14.1 14.1 16 .5 2 1 .6 2-84 8.8 8.7 8 .8 9.1 9.5 1 0 .4 10.6 10 .7 10 .3 10 .9 1 1 .5 1 2 .8 13.0 12 .8 13 .9 15.1 9.0 3-84 8.7 8 .6 8.7 8.9 9.3 10.1 10 .2 10.3 9.9 10.4 10 .8 1 1 .8 1 1 .9 11 .4 1 2 .0 12.1 7.6 6 .3 4-84 8 .5 8.5 8 .5 8 .7 9 .1 9.8 9 .9 1 0 .0 9.6 9 .9 10 .3 11 .1 11.1 10 .5 10 .8 10 .6 7 .1 6 .2 6.2 10 -8 2 11-8 2 12-82 1-8 3 2 -8 3 3 -8 3 4 -8 3 5-Û3 6-8 3 7-8 3 8 -8 3 9 - 8 3 1 0 -8 3 11-83 12-83 1- 8 4 ?-84 3 -Ä 4 9- 8 2 IN ITIA I 2,906.5 2,9 2 7 .4 2 ,9 42.3 2 , 9 5 7 . IP MONTH P - PRELIMINARY .PREPARED BY FEDERAL RESERVE BANK Of S T . LOUIS HAY 17, 8 1984 RETAIL RATIO SALES SCALE BILLIONS RATIO OF DOLLARS S E A S ONA L L Y A DJ US T E D BILLIONS OF SCALE DOLLARS I 15 I 10 105 100 95 90 85 80 75 70 65 60 55 50 45 1976 1977 1978 1979 1980 1981 1982 1983 1984 SOURCEt U.S. DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. LATEST DATA PLOTTEDt MARCH, APRIL ADVANCE ESTIMATE PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS R ET A IL SALES iu té ì TERMINAL MONTH tH À m e ■ 10 -82 11-82 1 2- 82 1-8 3 2-83 3 -8 3 4 -8 3 5—83 6-83 IÒ -S2 6*8 11-82 19*6 12 -8 2 8.4 9.3 -1 0 .9 1~ÌÌ3 8.6 " 9.2 -1 .4 9.0 2-6 3 5.9” 5.7 -2 .3 2 .3 -4 .0 3-83 8.6 9 .0 3 .5 8 .7 8.6 22.8 4-8 3 9.9 10 .5 6.3 11.0 1 1 .7 20.5 5—83 12 .3 13.1 9.9 14 .6 16.1 2 ^.7 24.1 6 —83 13 .0 13.8 1 1 .1 15.3 16 .6 22 .4 22 .3 “ 24 .3 18.7" " 1 1 .9 " 1 2 . 4 lo .o 13.4 14 .1 1Ó.1 17.0 16 . 5 10 .2 2 .4 7-83 MILLIONS OfDULLARS 8-83 9 -8 3 «D 1 O 9-8 2 7 -3 3 op I N I T I A L MONTH 11-83 1 2 - 8 3 1- 8 4 2-64 3 -6 4 90,511 3 4 .0 92 ,7 47 91,6 61 92,5 26 92 ,211 93 ,8 04 lft.3 95 » 125 30.2 97 ,23 9 98 , 638 98 ,832 8-6 3 10 .0 1 0 .4 8.0 l o . ' r 10 .9 1 3 .6 11.8 10 . 3 4.3 -2 .2 -6 .5 9-8 3 10 .6 10.9 8.8 11 .3 11 .6 14.0 12.6 11.5 7.3 3.7 4.4 16 .5 10—63 11 .1 ' 11 .3 9.7 1 2 .Ó 12. 3 14 . 5 13.4 12.6 9.3 7.1 8 .7 1 7 .3 11—83 11 .2 11.6 9.9 o <\i 12 .3 1 4 .2 13.2 12.5 9.6 8.1 9.6 1 5 .6 15.1 12.2 12 -6 3 1Ò.9 11.2 9.6 11.5 11.7 13.5 1 2 .5 11.8 9 .3 7.9 9 .0 13 .2 12 .2 9.4 6 .6 98 ,2 77 99 ,537 18.1 100,923 101,896 102,438 1 -8 4 13 .5 14.0 rr.7 14.7 15 .2 17.1 1 6 .6 16 .4 1 4 .6 14.2 1 6 .3 21 .5 22 .8 2 4 .5 31 .1 61.3 106,602 2—84 11 .8 12.2 1 0 .8 12."6 12.9 14.4 13.7 1 3 .2 11.5 1 0 .6 11.8 1 5 .2 14 .9 1 4 .2 14 .8 1 9 .2 - 1 1 .9 105,462 3-8 4 9 .7 9 .8 8.5 9 .9 10.0 11 .1 10 .2 9 .5 7.6 6 .5 r .o 9.1 7 .9 5.9 4.4 4-84 " T T .r 11.4 10.2 11.6 1 1 .8 13.0 1 2 .3 11.8 1 0 .3 9.5 1 0 .3 1 2 .6 12.1 11 .1 1 0 .9 11-82 12 -82 1-63 2-83 3-83 4-6 3 5- 8 3 6—63 7-83 6-83 9-63 10-82 1 0 -6 3 11 -8 3 1 0 3 , 377H -0 .8 5 .2 41.0 <<> 00 I <M 9- 8 2 3 . 7 - 16.8 - 2 1 . 5 1 2 .0 1 -8 4 2-6 4 3— 64 106,382b I N I T I A L MONTH P - PRELIMINARY fc- SSTIHATfcD PREPARED BY FEDERAL RESERVE BANK Of S T . LOUIS hay 9 n , it s ? ■HQW LY C QHTE rtSATIQ t i i B U S IN E S S SECTOR COMPOUNOEO ANNUAL R A T ES OF CHANGE T e r m tHAL I N I T I A L QUARTER QUARTER 2-79 3-7 9 4 -79 1-80 2-80 3-80 4 -8 0 1-8 1 2 -8 1 3- 8 1 3-79 1Ô.2 4-79 9*4 8.6 l-8 o 10*0 9 .9 1 1 .2 2-80 10*5 1Ô.3 1 1 .5 1 1.9 3-80 10. 3 10.3 1 0 .9 10 .7 4 -8 0 10.2 10 .2 1 0 .6 10.4 9.6 9 .7 l-8 t 1 0 .3 i0 .4 l6 A 10.6 10.2 1 0 .5 1 1 .3 2 -6 1 10*0 9.9 10.2 10.0 9.5 9.4 9 .3 3-61 9 .9 9.9 10 .1 9 .9 9.5 9 .5 9 .4 8.5 9 .6 4-81 9.7 9 .6 9 .8 9 .6 9.2 9.1 9 .0 8 .2 8.6 7.6 4-81 1977 * lOO 1-82 2- 8 2 3-8 2 4- 8 2 1-63 2-83 3-8 3 4 —83 12 0. 5 12 3 .0 12 6. 3 129.9 9.6 1 3 2 .9 13 6. 0 13 9. 7 7 .4 14 2. 2 14 5 .5 14 6.2 1 -6 2 9.7 9 .6 9 .7 9 .6 9 .2 9.2 9.1 8.5 8 .9 8.6 9.5 2-82 9 .4 9 .3 9.4 9 .2 8.8 8.7 8.6 8.1 8 .2 7.8 7.8 6 .2 1 51 .6 15 3 .9 3 -8 2 9.2 9.1 9.2 9 .0 8.6 8.5 8.4 7.9 8 .0 7 .6 7.5 6 .6 6.9 4-82 8.9 8.8 8 .9 8 .7 8.3 8 .2 8 .0 7.6 7.6 7.2 7.1 6.3 6.3 5*7 1- 8 3 8.7 8 .6 8.6 8.3 6.0 7.9 7 .7 7 .2 7 .2 6.8 6 .6 5.9 5 .8 5.3 2-83 8.3 8 .2 8.2 8 .0 7.6 7 .5 7 .2 6 .8 6 .7 6.3 6 .1 5.5 5.3 4 .7 4.2 3.5 3-83 8.1 7.9 7.9 1 *1 7.3 7.2 6 .9 6.5 6.4 6.0 5.6 5.2 5 .0 4.5 4.1 3.6 3 .8 4-8 3 8 .0 7.9 7.8 7.6 7.3 7 .1 6 .9 6.5 6 .4 6.1 5 .9 5 .4 5 .3 4.9 4.7 4 .7 5 .3 6.8 1 -8 4 7.9 7 .7 77? 7.5 >.2 7.0 6 .8 6.5 6 .4 6.1 5 .9 5.5 5.4 5.1 5.0 5 .0 5 .5 6 .3 5.9 2 -7 9 3 -7 9 4-7 9 1 -8 0 2-60 3-8 0 4 -8 0 1-81 2 -8 1 3-8 1 4-61 1-82 2-82 3-82 4 -6 2 1-83 2-83 3-63 4-6 3 4-82 1-63 2-63 3-6 3 4-8 3 15 6 .5 15 8.7 4 .9 1 6 0. 6 16 2.0 1 63 .5 16 6.2 1 6 8 . 6P I N I T I A L QUARTER PRELIMINARY OUTPUT PER HOUR OF ALL PERSONS. BUSINESS SECTOR COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL QUARTER t 1977 * 100 I N I T I A L QUARTER 2-79 3-7 9 -174 -078- -077 570 4-7 9 1-80 2-80 3-8 0 4 -8 0 1 -8 1 2 -8 1 3 -6 1 4-61 1-82 2-62 3-82 =7?— 4-79 07T 2-80 ■ -1 .3 '" - T r r -1 .2 -3 .2 3-80 - o . s “ i. 6 " -0 .7 -0 .4 -0 .3 4-0(5^ -0 .3 -0 .2 0.6 0.8 -0 .3 9 8 .5 1.2 9 8 .9 0.8 9 9 .1 1-51 6.4 2 -a r 0.6 1.0 1.3 1.4 3.0 4.1 2 .4 3-81“ r .i 1.5 1.8 2 .0 ' "3 .1 T .4 “ 4 .3 3 .6 4.8 4-81 0.6 0.8 1.1 T 7 r~ 1.8 1 .9 " 2.1 Ô .9 0.2 -4 .2 101.2 0 .9 71.3 0 .6 O.Ô -2 .3 -0 .4 101.1 1.1 1.2 '" 5 . 7 ”2.6 T .T ~ * .è 10 0. 5 101.1 10 2. 3 1-82 0 .3 0.7 0 .9 1.5 1.6 2-82 0.3 0.5 0.6 0 .6 1.1 1.0 1.1 0.2 -0 .4 -2 .1 -1 .0 -1 .6 3-82 0.4 ' TT.5" <T.T " 0 .7 1.2 TA 1.1 0 .4 0.0 -1 .2 -0 .1 0 .0 1.6 4-82 0.6 0 .8~ 0.9 0 .9 1.4 1 .3 1.4 0.8 0.5 -0 .3 0.7 1 .1 2.4 3.2 0.9 0.7 0.1 0 .9 1.3 2 .3 2 .6 2 .0 1.5 1 .4 0.9 1 .8 2.2 3.2 3.7 4 .0 6.0 1.5 1 .4 0.9 1 .7 2 .0 2.6 3.1 3.0 3 .5 10 0 .7 101.1 10 1.9 1 -S 3 0 .7 <579~ 1.0 1.0 1 .4 1.4 2-83 1.0 IT ? it * 1 .4 1 .8 1 .8 3h S3 1.0 1.2 1.3 1 .4 1.7 1.8 4 -T Γ 1 .2 1.4 1.3 1 .* 1 .9 1.9 1 .7 1.6 1.3 2 .0 2 .4 3.0 3 .3 3.3 3.8 2.7 4 .3 1 -W 1.3 1 .3 1 .6 1 .6 2.0 2.0 2 .1 1 .8 1 .7 1.4 2 .F 2 .4 3.0 3.2 3.2 3 .5 2 .7 3 .5 2 .7 2-79 3-79 4 -7 9 1-8 0 2-80 3 -8 0 4 -6 0 1-8 1 2 -8 1 3-81 4 -8 1 1-8 2 2 -6 2 3 -6 2 4-82 3-8 3 4-9 3 1.9 10 2. 4 103.9 1.2 10 4.2 10 5. 3 10 6.0P I N I T I A L QUARTER P- P R E L IM IN A R Y PREPA RED BY F E D E R A L R E S E R V E BANK OP S T . A P R IL 2 6 , 1984 10 L O U IS PR O D U C T IV IT Y , CO M PENSA TIO N, AND LABOR RAT I 0 S CAL E RAT I 0 S CA L E SEASONALLY ADJUSTED 1977-100 1977-100 SOURCE. PERC ENTAG ES ARE ANNUAL RATES OF CHANGE FOR P E R IO D S LA TEST COSTS DATA PLO TTED. U .S . DEPARTMENT OF LABOR IN D ICA TED . 1ST QUARTER P R EL IM IN A R Y PREPARED 8Y FED ERAL R ESER V E BANK OF S T . L O U IS *cvi«n COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL QUARTER I N I T I A L QUARTER 2-79 4-7 9 1 -8 0 2-60 3-80 4 -8 0 1-8 1 2 -8 1 3-81 4-81 1977 * 100 1-82 2 -6 2 3-8 2 4-8 2 1-6 3 2-8 3 3 -6 3 4 -8 3 1 2 .4 1 2 1 .3 11 .0 9 .6 12 4.1 1-8 0 1 0 .9 10.1 1 0 .7 2 -6 0 12 .6 1 1 .8 1 3 .0 15.3 3 -8 0 11 .1 10 .8 1 1 .2 11.5 7.8 4-8 0 1 0 .7 10.4 10.6 10.5 8.2 8.6 1 -8 1 9.9 9 .5 9.5 9 .2 7.2 7.0 5.4 2-81 9.3 8 .8 0» • 3-7 9 3-79 8.3 6.7 6.3 5.2 5 .0 12 7.3 1 3 1. 9 1 3 4. 4 13 7. 2 1 3 9. 0 14 0 .7 3 -8 1 8 .8 8.3 8.1 7.7 6.3 5.9 5.0 4 .8 4.6 4-8 1 9.1 8.7 8.6 8 .3 7.2 7.1 6 .7 7 .2 8 .3 12.0 1-82 9.2 8.8 8 .8 8 .5 7.6 7.5 7 .3 7 .8 8.8 11.0 9 .9 2-82 9.1 8.8 8.7 8 .5 7.7 7.6 7.5 7 .9 8 .7 10.1 9.1 8.2 3-8 2 8 .7 8 .4 8 .3 8.1 7.3 7.3 7.1 7.4 7 .9 8.7 7.6 6.5 4.8 4-8 2 8.3 6 .0 7.8 7 .6 6.8 6.7 6 .5 6 .7 6.9 7.4 6 .3 5.1 3.6 2.3 1 -8 3 7 .9 7*6 7.5 7 .2 6 .5 6.4 6.1 6 .2 6 .4 6.7 5.7 4 .7 3.5 2.9 3 .4 2 -8 3 7.3 6 .9 6.8 6 .5 5.8 5.6 5.3 5.3 5.3 5.4 4.3 3 .2 2.0 1.1 0.5 -2 .3 3-8 3 7.0 6 .6 6.5 6 .2 5.5 5 .3 5 .0 5.0 5.0 5 .0 4 .0 3.1 2. 1 1.4 1.1 0.0 2 .3 4 -6 3 6.7 6.4 6 .2 5 .9 5*3 5 .1 4.6 4 .7 4 .7 4.7 3 .9 3 .0 2.2 1.7 1.5 0 .9 2.5 2.6 1-84 6.5 6.2 6.0 5 .7 5.1 4.9 4 .7 4 .6 4 .6 4.6 3.8 3 .0 2.3 1.9 1.8 1.4 2 .7 2.8 3 .1 2-79 3-79 4 —79 1-6 0 2-60 3-60 4 -8 0 1 -8 1 2-81 3-81 4-61 1-82 2-62 3-62 4-62 1-8 3 2-0 3 3-6 3 4 -8 3 _______________________ — 14 2.3 14 6 .4 1 4 9. 9 1 5 2. 9 15 4 .7 15 5.6 15 6. 9 15 6. 0 1 5 6. 9 15 7.9 1 5 9 .IP _____________________________ INITIAL QUARTER___________________________________________________________ P R E L IM IN A R Y _______________________________ P R E P A R E D 8V F E D E R A L R E S E R V E BANK OF S T . A P R I L 26» 1984 11 L O U IS _____ GROSS NATIONAL PROOUCT IN CURRENT DOLLARS COMPOUNDED ANNUAL R ATES OF CHANGE_______ B IL L IO N S OF TCRHINAW________________________________________________________ IN IT IA L QUARTER______________________________________________________________________________d o l l a r s QUARTER 2 -7 9 3-79 4-79 1 -8 0 2-80 3-8 0 4-80 1-81 3-7 9 13*6 4-7 9 10*8 8*1 1-80 u*i 9*9 il* 7 2-8 0 8.4 6.8 6.2 0 .9 3-8 0 8 .7 7.5 7.3 5.2 9.7 4 -8 0 9.8 9*1 9*3 8*5 12*6 15 .5 1 -8 1 11 .3 10*9 1 1 .5 11.4 15*2 1 8 .0 2 0 .5 2 -81 1 0 .7 10.3 1 0 .6 10.4 12*9 1 4 .0 13.3 6.6 2- 8 1 3- 8 1 4t 81 . 1^8 2 3- 8 2 ¿-02 ANNUAL RATES 4-82 1-8 3 2-8 3 3 -0 3 4-83 2.4 5 4 .0 2 .5 02.9 2 .5 7 2 .9 2.570.0 2.6 39. 1 2.7 3 6 .0 2.0 6 6 .6 2,9 1 2 ,5 3-8 1 11*0 1 0 .6 U .O 10 .9 13*0 13*9 13 .3 9.9 13. 3 4 -8 1 10 .2 9 .8 10 .1 9 .8 11*4 11*7 10.8 7*8 8*4 3*7 1-82 9.1 8.7 8*7 8.4 9*5 9*4 8.3 5*4 5*0 l.l -1*4 2-8 2 8*9 8*5 8*5 8*2 9*1 9*0 8*0 5*6 5*4 2.9 2.5 6*6 3 -8 2 8.4 8 .0 8.0 7*6 8 .4 8 .2 7.2 5.1 4.9 2.9 2*6 4 .6 2.7 4-8 2 8.0 7 .5 7 .5 7.1 7*8 7.6 6.6 4.8 4*5 2*8 2*6 3*9 2*6 2*5 1-83 8.0 7 .6 7*6 7 .2 7*8 7.6 6.8 5. 2 5*0 3*7 3.7 5.0 4.4 5*3 3,0 0 4 .9 3.0 3 2 ,2 3. 0 21 * 4 3,0 70.2 3 ,0 90.7 3.1 0 9 ,6 8*2 3,171.5 2-83 8.3 8 .0 8.0 7 .7 8.3 8*1 7 .4 6 .1 6.0 5.0 5.2 6 .6 6 .6 7 .9 10*7 13*3 3 -8 3 8.5 8 .2 8*2 7 .9 8.5 8.4 7 .8 6.6 6.6 5.8 6.1 7.4 7.5 8.0 11.0 12.4 11.5 4-8 3 8.5 8.2 8.2 8.0 8.5 8.5 7.9 6.8 6.8 6.1 6.5 7.6 7*8 8.0 10 .5 11*3 10*3 9*1 1-8 4 8.7 8.5 8*5 8.3 8.8 8.8 8.3 7.3 7.4 6.8 7.1 8.3 8.5 9.5 11 .0 11 .7 11.1 11. 0 12 .0 2 -7 9 3-79 4-79 1 -8 0 2-80 3-80 4-8 0 1-81 2 -8 1 3-8 1 4-81 1-82 2-02 3-8 2 4-02 1-0 3 2- 0 3 3 -0 3 4-03 3,2 72.0 3,3 62.2 3.4 36 * 2 3 .5 41.6 I N I T I A L QUARTER GROSS NATIONAL PROOUCT IN 1972 OOLLARS COMPOUNDED ANNUAL RATES OF CrU N ^E BIL L IO N S OF TERMINAL QUARTER I N I T I A L QUARTER dollars ANNUAL RATES 3 -7 9 4-79 4*8 4-7 9 2.8 0.7 1 .9 1 -8 0 2-8 0 3 -8 0 4—80 1-81 2- 8 1 3-8 1 4-81 1-82 2-82 3- 8 2 2.5 -0*5 -2*3 -3 * 7 4 -8 3 1.496.4 -9* 0 1.461.4 3-8 0 -0 .3 -1 .5 —2*2 -4 .3 0.8 4 -8 0 0 .4 -0 .5 -0 .8 -1 .6 2.3 3.8 1-81 1,6 l.l 1. 1 0 .9 4.5 6 .4 9.0 2-8 1 1 .5 1*0 1*0 0.9 3.5 4 .4 4.7 0*6 3-8 1 1*7 1*3 1.4 1.3 3.5 4.2 4.3 2.1 1,4 64.2 1,4 77.9 1.510. 1 1,5 12.5 3.6 4-8 1 1*0 0*6 0*6 0*4 2*1 2 .3 2.0 -0 .3 -0 .7 -4 .9 1-82 0 .4 -0 .0 -0 .1 -0 .4 1 .0 1.0 0.4 -1 .A -2 .3 -5 .2 -5 .5 2-8 2 0.5 0.1 0 .0 -0 .2 1 .0 1.0 0.5 -1 .1 -1 .5 -3 .2 -2 .3 0.9 -0*0 -0 .3 0.7 0.7 0.3 -1 .1 -1 .4 -2 .6 -1 .9 -0 .0 -1 .0 0*5 0*5 0*1 -1* 1 -1*4 -2 .4 -1*7 -0*5 -1 .2 -1 .3 0.7 0.7 0 .4 -0 .7 -0 .8 -1 .6 -0 .9 -0. 3 0.1 0.6 0 .2 3-83 N) 1-80 0*3 2 -8 3 1.4 09.3 2-8 0 3 -8 2 1-8 3 1.4 86.6 1.3 4 -8 2 4-82 -0 * 2 1-83 0.4 0*1 2 -83 0.9 0.7 3-8 3 1.3 1 .1 4-8 3 1.5 1.3 1-8 4 1.9 It? 2 -7 9 3-79 1,5 06.9 i 1.4 85.7 1,4 80.7 -0 .1 _Qt7 0*6 1*4 1*5 1*3 0.4 0 .4 -0 .0 0*8 2.1 2.4 3.6 6. 1 1.1 1.9 2.0 1 .8 1.1 1 .2 0.9 l.a 3 .0 3.4 4. A A.A 1.3 2.1 2.2 2.1 1. 5 1 .6 1.3 2.2 3.3 3.7 4. A A .2 7 .4 A.* 5.0 _ 1.8 _I# 8. _ J t 5 2*7 2*6 2 ,1 2*2 2.1 2*9 4*0 4.4 5.3 6.7 7.8 7.1 6.9 8.8 3-80 4 -8 0 1-81 2-81 3-8 1 4-8 1 1-8 2 2-82 3-82 4-82 1-8 3 2 -0 3 3-83 4-83 4-79 1-80 2-80 -rt 1.489.3 0.0 1.4 CD 2-79 3-7 9 1.490.1 2.6 1,525.1 9 .7 7 -A 1t 5 5 3 .4 1. 3 7 2 . 4 1.6 06.0 I N I T I A L QUARTER 12 PREPA RED BY F E D E R A L R E S E R V E HAY 1 8 . 1984 SANK OF ST* L O U IS GROSS RATIO SCALE 1976 NATIONAL Q U A R T E R L Y 1977 1978 1979 T O T A L S A T 1980 PRODUCT A N N U A L RATIO R A T E S 1981 1982 SOURCE: U .S . 1983 SCALE 1984 DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. LATEST DATA PLOTTEDt 1ST OUARTER PREPARED 13 BY FEDERAL R ESER V E BANK OF ST. L O 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 SCALE 1972-100 1972-100 1976 1977 1978 1979 1980 1981 1982 1983 1984 *AS USED IN RATIONAL INCOME ACCOUNTS SOURCE: U.S. DEPARTMENT OF COMMERCE PERCENTAGES A*E ANNUAL RATES OF CHANGE FOR PERIODS INDICATED. LATEST DATA PLOTTEDt 1ST QUARTER PREPARED BY FEDERAL RESERVE BANK OP ST. LOUIS I M P L I C I T PRICE DEFLATOR FOR GROSS NATIONAL PRODUCT ________________________________ COMPOUNDED ANMJAL RATES...QF CNAN&-E_____________________________ T E RMINAL__________________________________________________________________ I N I T I A L QUARTER_________________________________________________________________1972 « QUARTER 2-79 3-79 1-80 2-8 0 4-79 3-80 4-8 0 1-81 2 - 8 1 3- 8 1 4 -8 1 1-82 2-82 3-8 2 4- 8 2 1-83 2- 8 3 3-83 4-83 3-7 9 8*3 4-7 9 7 ,8 7 .3 1 -8 0 8 .4 8 .4 9.6 2 -8 0 9 .0 9 .3 10.3 10.9 3-8 0 9*0 9 .2 9.8 9 .9 4 -8 0 9 .4 9 .6 10 .2 10 .4 10.1 1 1 .3 1 -8 1 9 .5 9 .7 10 .2 10.4 10 .2 10 .9 10 .5 2 -8 1 9.1 9 .2 9.5 9.5 9 .1 9.2 8.2 5 .9 3-81 9.1 9 .2 9.5 9.5 9.2 9 .3 8.6 7.6 9.4 4 -8 1 9*1 9 .2 9 .4 9 .4 9.1 9.2 8.7 8. 1 9.2 9 .0 1-82 8*7 8 .7 8 .8 8 .8 8.4 8.4 7.8 7.1 7.5 6.6 4.3 2-82 8 .4 8 .4 8 .5 8 .4 8 .1 8.0 7.4 6.8 7.1 6.3 5.0 1QQ 165.12 1 68 .05 171 176 .46 18 0 .2 4 8.8 10 5.1 3 189.83 19 2.56 19 6. 94 2 0 1. 22 20 3 .3 6 2 0 6. 15 5 .6 3-82 8.0 8.0 8 .1 7 .9 7.6 7.4 6.9 6.3 6 .4 5.6 4.3 4.6 3.7 4-8 2 7t 7 7.7 7*7 7 .5 7.2 7 .0 6 .5 5 .9 6.0 5.3 4 .4 4 .4 3 .8 3.8 2 0 8 .0 3 1 -8 3 7 .6 7.5 7.5 7 .4 7 .1 6.9 6 .4 5 .9 5 .9 5.3 4.6 4.7 4.3 4 .7 5 .5 2 1 0 .0 0 2-83 I i .3 7.2 7.2 7.0 6.7 6 .5 6.1 5.6 5 .6 5.0 4.4 4.4 4.1 4.2 4.4 3.3 3 -8 3 1* X 7.0 7,0 6.8 6.5 6 .3 5.8 5.4 5.3 4.8 4.3 4.2 4 .0 4.0 4 .1 3.4 3.6 4-8 3 6.9 6.8 6.8 6.6 6.3 6 .1 5.7 5 .3 5.2 4 .7 4 .2 4.2 4 .0 4.0 4.1 3 .6 3.7 3.9 1 -8 4 6.7 6 .6 6.6 6.4 6,1 5 .9 5.5 5 .1 5.1 4.6 4.2 4.1 3.9 4.0 4.0 3 .6 3.7 3.8 3.7 2-79 3-79 4-79 1-80 2 -8 0 T 0» © 21 2 . 8 3 4-8 0 1-81 2-81 3-81 4 -8 1 1-82 2- 8 2 3-82 4-82 1-8 3 2 -8 3 3- 8 3 4—83 2 1 4 .5 5 216.44 218.53 2 2 0. 52 I N I T I A L QUARTER PREPA RED BY FED ERA L K E S E R V i HAY 1 8 . 1984 14 BANK. OF S T . L O U IS PERSONAL CONSUMPTION EX P END ITU RES IN CURRENT DO LLAR S _____________ COMPOUNDED ANNUAL P A TF * n F CHANGE_______________ B IL L IO N S TERMINAL QUARTER 28 | t *i?A , 3 3-7 9 14 .9 4 -7 9 14 .3 13 .7 1 -8 0 13 -3 12 .4 2-8 0 3-80 4-8 0 1 -8 1 2-81 3 —81 4-81 1-82 2-8 2 UP _______________________________________________________________ I N I T I A L QUARTER_________________________________________________________________ DOLLAAÜ ANNUAL RATES 3-80 3-8 3 ¿ -83 4- 7 9 1—80 2 - 8 0 4 - 6 0 _ 1-81 _2—81 1-82 — ? 3- 8 2 4-A? 1- 8 3 2 -8 3 2-79 3-79 3-81 4-81 70, n \t H 10.2 8.6 11.1 10.1 11.2 6.2 1. 5 9.0 7 .9 14.8 10.1 11 .0 10 .4 12.1 11.6 11.2 11.2 14 .7 14 .7 14.7 11.5 11.0 10.6 10 .5 12 .9 12.2 11.1 11.1 10.7 10.6 12.6 12.0 11.2 11 .5 11.1 1 0 . 4 9 . 3 10 .7 9.8 9.7 10 .3 1 0 .4 10.0 9 . 6 9 . 4 10.6 9 . 9 8 . 9 10.2 9 . 7 9 . 3 9 . 1 10.1 9 . 5 8 . 7 14.7 1 1 .7 1r r «L I , a- 1 f 7*1*9 14.6 1, 8 0 ? . fi 1 r 83 5 .8 7 .5 9.5 1.ftft^ .l 1f 9 0 4 . 1 11 .4 7.6 7.6 3.9 7.5 7.6 5.7 7.5 7.5 7.5 A .? 7.3 1.9 38.9 1f9 7 ? .8 7.2 3-62 9.9 9.5 9.2 9.0 9.8 9.2 8.5 7.5 7.5 6.5 7.4 7.3 7.5 4-8 2 9.8 9.4 9 .1 8.9 9.6 9. 1 8.4 7.5 7.5 6.8 7.5 7.5 7 .7 2,0 0 8 .6 1- 6 3 9.5 9.1 8.8 8.6 9.2 8.7 8.0 7.2 7.2 6.5 7.0 6.9 2-83 9.8 9.5 9.2 9 .0 9.7 9.2 8.7 8.1 7. 7 8.3 8.5 6.8 8.8 8.1 8.2 8.2 8.4 7.7 8.3 2,0 46.9 7.8 6.5 ? t 07 3. Q 5 .2 3-63 9.6 9.3 9,0 8.9 9,4 9 .0 8,5 7,9 4-6 3 9.6 9.3 9.0 6 .9 9.4 9. i 8,6 8,1 8.1 8.0 8.1 1-84 9.7 9.4 9 .1 9.0 9.5 9 .2 8.7 8.3 8.3 8.0 8 .5 8.6 8.8 9.1 9.3 10.4 8.8 10.0 10.6 2- 7 9 3-79 4 -7 9 1-8 0 2 -8 0 3 -8 0 4-8 0 1-81 2-8 1 3-81 4-8 1 1-82 2-8 2 3- 8 2 4-82 1- 6 3 2 -8 3 3 -8 3 4-83 7.5 6.5 10.0 8.6 8.8 8.8 9 . 0 10.3 9.3 ?t 147. 15.1 10 .7 0 2.1 8 1 .1 6* 3^ 2*230.9 i 9.5 2.2 8 7 .8 I N I T I A L QUARTER PERSONAL CONSUMPTION EXPENDITURES IN 1972 DOLLARS ___________COMPOUNDED ANNUAL RATES QF CHANGE___________ BI LL IO N S OF TERMINA L__________________________________________________________________ I N I T I A L QUARTER_________________________________________________________________ DOLLARS QUARTER ANNUAL RATES 2-7 9 3-79 4- 8 1 4-79 1-8 0 2 -8 0 1-82 2-8 2 3 -8 2 4-82 1-8 3 2-83 .3-83 4-83 3-80 4-8 0 1-81 2-8 1 3-81 3-7 9 5.1 4-7 9 4.2 3.3 1-80 2,7 1,6 2-8 0 0.0 -1 ,6 -4 .0 -7 ,7 3-8 0 0.9 -0 ,2 -1 ,3 -1 ,9 4.3 4-8 0 1 .5 0.8 0.1 0.2 4.5 4.6 2*1 1,6 1. 3 It* 5*0 5 .3 5.9 2_-Si 1*9 1 ,5 1,1 __.l* 4 3 .8 3 .6 3 .2 0 .5 3-81 2 ,1 1 ,7 1,5 1.7 3.7 3 .6 3.3 2.0 3.5 4-8 * 1*6 . 1*2 0.9 2.6 2.3 1.7 0.3 0.2 -3 .0 1- Ö 2 1 .3 1,1 2 ,6 2.3 0.9 -0 .3 1 ,5 1 ,3 1 ,4 2,6 2 ,4 1.8 2,0 0.8 2 -8 2 1,6 1,8 1,1 1.2 3-8 2 1.7 1 .4 1.2 1 .4 2.4 2.2 1 .9 4-8 2 1. 8 1.6 1.4 1,6 930.9 93R . A - 0,1 93 R .3 919.6 9?9.4 940.0 1-83 1.9 1,7 1 ,5 1,7 2.6 2.6 2.4 2,1 2.2 2 -8 3 2.4 2.2 2.1 2.3 3.2 3.1 2.9 3 .0 2 .9 2.4 953. h 954^.7 962.9 9 5 5 .7 2 .4 9M .4 1, 3 1.5 1.2 1 .4 0.8 0.8 2,8 2.1 2.0 0 .9 1,5 1 ,7 1,4 2,5 2*5 2. 2 3 .6 1.6 2.8 2.6 2.6 2. 5 3 .3 2.9 2.9 3. 8 4 .1 4.3 5.5 6.4 2.6 2.7 3.6 3.8 3. 9 4 .6 5.0 1.7 1.9 9 6 8 .8 971 .O 9 7 9 .6 9 8 6 .7 3-8 3 2.4 Z±1 2,3 3 .1 4 -6 3 2,6 2,5 2,4 2,6 _ 3,4 3,3 3.2 2,9 3.2 3,1 3.9 4,1 4.3 5 .0 5.4 10.0 6*0 6.2 4.3 6.5 1-64 2.6 2 ,7 2,7 2,8 3 ,6 3 ,5 3.5 3,2 3.5 3,5 4,3 4,5 4.7 5.3 5.7 6 .4 5.2 6.7 6.9 2 -7 9 3-79 4-79 1-60 2 -6 0 3-60 4-6 0 1-61 2-81 3-61 4-8 1 1-82 2-6 2 3- 6 2 4-8 2 1 -8 3 2 -8 3 3-6 3 4-8 3 2.6 2.6 3,1 1. 010.6 1. 016.0 2.2 1.0 3 2 .2 1.0 4 9 .6 I N I T I A L QUARTER 15 PREPAREO BY FED ER AL RESERVE BANK OF S T . MAY 1 8 . 1 98 4 L O U IS GROSS P R IV A T E DOMESTIC INVESTM ENT IN CURRENT DOLLARS ----------- CQMPOUNnFQ ANMIIAI ftATFS nF r.HAM P. F_______________ TERMINAL QUARTER INITIAL OIIAQTFA 2-79 ______3 - 7 9 _ 3.4 .4 -7 9 -5 .3 3-79 4-79 2-8 0 3-«o 4-60 1-61 7-A1 3-f ll 4- f i l 1 - ft? ?-ft? 3-ft? 4—A? 3—A3 1-A3 4— A* 4*1 -_13*3_ M —4 . 5 ___ 1 -9 9 1-80 BI LLI O N S OF n n iile e tANNUAL RATES 5,1 .2 -8 0 -7 .9 -1 1 .4 -1 0 ,5 3-8 0 -9 .2 -12 t fl .n -2 3 .8 *04 , -1 1 .8 -1 9 .1 -1 4 .2 -*70 4-8 0 -2 .6 —3 . 8 -1 .2 -3 .2 9 .0 3 ft .* J-9 1 3.6 3.6 7,4 7 .9 21.2 44 .1 4 9 .8 2-81 _ 5.0 5.2 8,7 9.4 19.7 33 .8 31 .5 15.4 3-81 6.7 7.1 10,4 11.3 20.1 3 0 .6 28 .1 18.5 Ts M I ,7 4«;«; .s 4,7? -1 21 .6 4<3«i - ft 4-8 1 4,3 4,4 6,9 7,1 13 ,4 19,9 15,7 1 -8 2 -0 ,5 -0 ,8 0.6 0,1 4,1 7,5 2.2 -7 .2 -13 .6 -2 7 .2 2-8 2 0,3 0.1 1 .5 1 .1 4,7 7 ,a 3.3 -4.1 -8 .4 -1 6 .6 -1 7 .5 9.4 3-8 2 -0 ,2 -0 ,5 0,7 0,3 3.4 5.9 1 .9 -4 .5 -8 .0 -1 4 .2 -1 4 .0 1 .1 4-8 2 -3 .6 -4 ,1 -3 .3 -4 ,0 -1 .7 -0 .2 -4 .3 1-83 -1 .5 -1 .9 -0 .9 —1 . 4 0.9 ?. 5 -O .f l -S .f t -8 .5 2-8 3 1, 2 1, 1 2,2 2,0 4.5 6,4 3.6 -0 .5 -2 .4 -5 .4 -3 .7 5 .1 4. 1 7.8 42.2 53 .9 3-8 3 3,8 3.8 5.0 5.0 7.7 9.7 7.4 3.9 2.7 0.5 3.0 12 . 0 12 .5 17.8 45.9 53.8 5 3 .6 4-8 3 5,0 5,1 6,3 6,4 9,0 11,0 9,0 5, 9 4,9 3.2 5,7 14 .1 14.9 19 .7 41,1 44 .5 40.0 27.5 1-84 7,4 7 ,6 9.0 9,2 1 1 ,? 14. 0 12.3 9.7 9,2 8,0 1019 19 , 2 20,7 25 ,9 45 .1 4 8 .7 47 .0 43 .8 J>2.2 2-79 3-79 4 -7 9 1-80 2-80 3-80 4 -8 0 1-81 2-81 3-8 1 4- 81 1 - 82 2 -8 2 3 -8 2 4-82 1-83 2-8 3 3-83 4 -8 3 6,1 1 .7 - 1 4 , 9 47<S .2 -37.8 4?? . 9 43? - 4 425 .3 -6 .5 -1 0 .2 -1 3 .9 -1 9 .6 -2 0 .7 -14 . 1 -2 3 .9 -3 8 .0 -1 2 .7 -1 2 .3 - 4 .4 -«.7 -9 .7 377 . 4 31 .4 4AA - 1 450 . 1 501 .1 532 . 5 600 . 9 I N I T I A L QUARTER GROSS PRIVATE DOMESTIC INVESTMENT IN 1972 DOLLARS ___________ CQHPOUNOED ANNUAL RATES OF CHANGE___________ BI LLI O N S OF ___ QOLLAKS____ ANNUAL RATES I N I T IAL QUARTER T E R ^ A l- QUARTER 2-79 3-79 4-79 1-90 2-80 3-60 4-80 1-61 2-81__ 3—91__'tzäl__ 1-8Z 2t82__ 3-82 4-82__ L-8i. __ 3-83 ¿37 m2 6. 6 4—79 1-80 -12*9 —16 »6 -9,3 -10.6 -1 6 ,1 3 -8 0 -1 4 ,8 -1 6 ,6 -1 6 ,2 4-60 -1 9 ,1 224.3 Z lt á - 2-8 0 -1 9 .3 -3 3 ,7 -9,8__ -?,? -2 2 ,5 -6t8 . -4 ,5 - 4 , 1 ___- 0 , 9 -2 ,5 -1 ,9 202 t i -9 ,5 ___ ?,T 197*4 2.8.1. -Qs7__ 13 t 6 ' 3 7 f ? 1 ,9 13,4 2 2 ,2 21Q.fi 222.7 £6t 5 19,4 3-81 -0.9__ r0.2___ 2^á___ 3x5__11*2__12*1__ll.fl__ 12.6 4-8 1 -3 .3 -3 ,0 —0 , 8 -0 .7 6,3 9 ,7 5.6 229.5 12,8 -0 ,6 -236>3 12«¿. -6 .7 2 2 1 .7 -2 2 .5 1-82 -6 .6 -6 .7 -5 .2 —5 . 6 -0 .8 0.8 -3 .9 - 1 0 . 3 - 1 6 . 9 - 2 8 . 6 - 3 4 , .? 2-8 2 -5 .8 -5 .8 -4 ,4 -4 ,7 -0 ,2 1, 2 -2 .7 -7 .7 -1 2 .2 -1 9 .2 -17 ? 3 .4 3-8 2 -5 .8 -5 ,8 -4 ,5 —4 , 8 -0 ,9 0,3 -3 .2 - 7 . 4 -1 1 .0 -1 6 .0 -13 9 -1 .3 4 -8 2 -8 .3 -8 ,4 -7 ,5 -8 ,0 -4 ,9 -4 ,4 -7 .8 1 -83 -6 .2 -6 ,1 -5 ,1 -5 ,4 -2 ,3 -1 ,5 -4 .4 2 -8 3 -3 .4 -3 ,2 -2 ,0 -2 .0 1 ,3 2,3 0.0 -2 .5 —4 . 3 -6 .5 3 -8 3 -1 ,1 -0 ,7 0 ,6 0 ,8 4 .1 5.3 3.5 1 .4 0.2 -1 .2 4 -6 3 0,4 0 ,8 2 .1 _ 2,4 5 .6 6 .9 5.3 3 .6 2 .7 1-6 4 2,9 3 ,4 4.9 5,3 8,6 10.1 8.6 7.4 7.0 2-79 3-79 4 -7 9 1 -6 0 2 -8 0 3-60 4—60 1-61 2 -6 1 3- 6 1 1 9 9. 7 20 1.4 _ -5 .8 178.4 -1 1 .9 -1 5 .5 -2 0 .1 -19 5 - 1 4 .0 -2 1 .5 -3 4 .6 -7 .6 -1 0 .2 - 1 3 . 5 -11 6 19*^4 1 9 0. 0 -4 ,9 -7 .5 -6 .3 28.7 5 4 ,2 4.4 8.0 38.8 4 9 .8 2 3 10.1 11 .5 1 6 .3 40.9 47.4 45 .1 1.7 ? 2 12.4 1 4 .0 18 .5 37.4 40.5 36.1 27 .6 6 .4 10 2 1 7 .6 19.8 24.6 41.6 45.3 43.9 4 3 .2 60.8 4- 8 1 1-82 2 -8 2 3 -6 2 4-62 1-8 3 2-83 3 -8 3 4-83 2 1 0. 2 230.7 245.2 27 6 .1 I N I T I A L QUARTER 16 PREPA RED BY FEO ERA L R E S E R V E MAY I S . 1964 BANK OF S T , L O U IS GOVERNMENT PURCHASES OF GOOOS A W S E R V IC E S IN CURRENT DOLLARS ___________________COMPOUNDED ANNHa i RATES DF CHANGE______________________ TERMI NAL__________________________________________________________________ i n i t i a l q u a r t e r QUARTER 2- 7 9 3 -7 9 4-7 9 1-8 0 2- 8 0 3 -8 0 4 -8 0 1-81 ¿ -81 3-81 4-81 __ ___________________________________________________________ d o l l a r s . ANNUAL RATES A.-A1 2- 8 2 ■*-A2 4 - 8 2 l- f l * 2-A * *-A* 1-82 4 7 A -* 3-7 9 12.6 4 -79 14.8 16 .9 1 -8 0 15.5 17 .0 4.97 t /K *17. A 17.1 2-fiO 15.3 16.2 15.8 14. 6 3-8 0 12. 7 12 .7 11.3 8.5 2.7 4-80 13-1 13 -2 12 .3 10-8 9-0 15 -6 1 -8 1 13.1 13 .2 12-5 11 .3 10 .3 14-3 53*. * 539.1 57A.1 13 -0 2-81 12.1 12 .0 11 .2 10. 1 9-0 11-1 9-0 5-1 3-8 1 12.1 12 .0 11.3 10 .4 9-6 11 -4 10 -0 8 .5 12 .0 4-81 12. 4 12 .4 11.9 11.2 10. 6 12 .2 11-4 10-9 1 3 .9 15-9 1 -8 2 11.7 11 .6 11 .0 10 .3 9.7 10 .9 10 .0 9.3 10. 7 10.1 2-82 10.8 10.6 10.0 9.2 8 .A 9.5 8.5 7.* 8.2 7.0 2 3-8 2 11 .2 11 .1 10.6 9.9 9.4 10 .3 9.5 9.0 9.8 9-2 7 -1 8-4 16.2 5 8 3 .5 A o n .3 6 2 ?.a 6 2 9 -8 4-6 .ft _ 1 1 - 6 3 1 -------655.7 4-82 11 .5 11 .4 11 .0 10.4 10 -0 10 .8 10 -3 9-9 10 -7 10-4 9.1 10 .7 1 5.8 15 .5 1 -8 3 10 .6 1 0 .4 10.0 9.4 8-9 9-6 8 .9 8 -4 8.9 8-4 7-0 7 -6 9 .8 6-7 -1 -3 2 -8 3 10.1 10 .0 9.5 8 .9 8.5 9 .0 8-4 7.9 8-2 7-7 6-4 6.8 8. 2 5-7 1-1 3.6 3-83 10.1 9.9 9.5 8 .9 8.5 9-0 8 .4 8-0 8-3 7.9 6-8 7.1 8.4 6-5 3.7 6-3 9 -0 _ 4 .3 4.6 0 .4 4 .4 - 4.7 2.7 5-0 3 -8 3 4-83 67 9. 7 4-8 3 9 .5 9 .3 8.9 8 .3 7.9 8.3 7.7 7.3 7.5 7.0 5.9 6. 1 7 -0 5 -2 2.8 1 -8 4 9.3 9.1 8.6 8*1 7,7 8« 1 7.5 7.1 7.3 6.8 5 .8 6.0 6 .7 5.2 3.3 2-7 9 3-79 4-79 1-80 2 -8 0 3 -8 0 4-80 1-81 2-81 3-81 4-8 1 1-82 2-8 2 3- 8 2 4-82 - ^>77 A 1-83 683 . 4 2 -8 3 . A9fl 3 699.0 7 0 7 -5 I N I T I A L QUARTER GOVERNMENT PURCHASES OF GOOOS AND SERVICES IN 1972 DOLLARS ____________ CflflPQUNQEQ ANNUAL RATES OF CHANGE____________________________________________________________ 3-79 2.9 4-79 .J U 2 3.5 1-80 3 .5 3 .8 4.0 0 CD 1 3.6 3,8 4tQ .-4*Q 1 OD O BI LL ION S OF TERMINAL__________________________________________________________________ I N I T I A L QUARTER_________________________________________________________________ DOLLARS QUARTER ANNUAL RATES 2-79 3-79 4- 7 9 1-8 0 2- 8 0 3- 8 0 4 - 8 0 1-81 2-81 1-82 2-8 2 3-8 2 4-82 1-8 3 2 -8 3 3— 83 4 -8 1 3-81 4-81 ._ Zs.1 1.9 1.3 Q.O -3 .8 4-8 0 1.4 1. 1 0-5 -0 .7 -3 -0 - A -£ \ 1.9 1.2 0 .6 -0 .6 1.1 4.5 2-81 _W.3 CL*7 0.0 -0 .9 0.0 1.1 -2 .1 3-81 1.6 1.4 1.1 0.7 0.0 1.0 2.0 0 .8 3-9 4-81 1*9 ..It 7 .. It ? _U1 0 .6 1.6 2.5 1. 9 3 .9 1-8 1. U6 1t 5 l f? 0.9 0.5 1.3 1.9 1.3 2.5 1.8 -0 .3 2-8 2 1. 1 0 .9 0.7 0.3 -0 .2 0 .4 0.8 0.1 0.6 -0 .5 -2 .6 -4 .9 1*7 116 0.9 1 .4 1.9 1 .5 2.3 1.9 1.2 1 .9 9 .3 4-92 2.3 2.2 2 .1 2.0 1.8 2.4 3.0 2.8 3.6 3.6 3.5 4.8 10 .0 10-7 1 -9 3 1.5 1.4 1.3 1 .0 0.8 1 .2 1.6 1.3 1.8 1.4 0.9 1.2 3.3 0.5 -8 .8 2-8 3 1.4 1 .3 1 .1 0.9 0.6 1.0 1 .3 1.0 1 -4 1-1 0.6 0.7 2.2 -0 .0 -5 -0 27A . A 1 .1 28 1- 2 2 A4 . n 2 8 6 .8 284.0 -2 -1 2A2 . * 285 . <S 28 4 . 1 2 8 6. 8 4.0 2 8 9 .6 289.4 28 5 . 8 29 2. 2 299.7 29 2.9 -1 .1 292. 1 3 -83 W5 1.4 1.3 1. 1 0.9 1.3 1 .6 1 .3 1 .7 1.5 1.1 1 .3 2 .6 1-0 -2 -0 1-6 4 -3 4 -8 3 1. 2 1.1 1.0 0.8 0.5 0.9 1 .1 0.8 1.1 0 .8 0-5 0 .6 1 -5 0 -0 -2 -5 -0 .3 0.1 -3 -9 1-84 1.0 0.9 0.8 0.6 0.4 0.7 0.9 0.6 0.8 0.5 0.2 0.2 1.0 -0 .3 -2 .4 -0 .8 -0 .6 -3 .0 -2 .2 2-79 3-79 4-79 1 -8 0 2-8 0 3 -8 0 4-9 0 1-81 2-8 1 3-81 4-81 1-82 2 -8 2 3 -8 2 4-82 1-9 3 2-83 3 -8 3 4-83 29 5. 2 292-3 290-7 I N I T I A L QUARTER PREPA REO BY FED ERA L R E S E R V E MAY 1 8 . 1984 17 _ BANK OF S T . L O U IS D IS P O S A B L E PERSONAL INC0H6 IN CURRENT DOLLARS ------ COagQUNQPO AMHUAI ftATES OF CHANfcE__________ . TERMINAL QUARTER IN ITIA L 2-79 3-79 3-7 9 13 .0 4 -7 9 11 .5 10.1 1-80 12 .3 12.0 4-79 l-a o 2-80 3-ftO 4—80 1-81 7-A1 041Aft TEA V ftl 4-A1 Î-A ? ? -A ? "V—A ■> *- A ? 1-.A1 ?-A* Vfl * fl BI LLI ON S OF nni i ad c ANNUAL. RATES \ f £7 A , 3 1 t 71* , o 13 .9 1 , 771 , 7 2-6 0 10 .2 9 .3 8.9 4.1 3-5 0 10 .8 1 0 .3 10 .3 8.6 13 .2 4-6 0 11 .3 11.0 11 .3 1 0 .4 13 . 6 14.1 1- 8 1 11.6 11*4 11 .6 11 .1 13 .5 13 .6 13.1 2-81 11.3 11,0 11 .2 10.6 12 .3 12.0 1 1 .0 9 .0 3-8 1 11 .9 11 .8 12 .0 11 .7 13 .3 13 .3 13.1 13 .0 17. 3 4-81 11 .3 11.1 11 .2 10 .8 12 .0 1 1 .7 1 1 .1 10.5 11.3 1-82 10 .3 10 .1 10.1 9.6 10 .4 9.9 9.1 8.1 7.9 3.5 1.4 2-82 10.0 9.7 9.6 9 .2 9.8 9 .4 8.6 7.7 7.4 4 .3 3.7 6.0 1 , 7AQ, r 1 f &4A . 0 1 t QrtA . ft 1 t QA7 r * 2. 010, . 4 09? . n 2. 2. ,120, .5 5.6 1? 7 ,. 9 2. 2, ■IV? -n 3—8 2 9.7 9 .4 9.3 8.9 9.4 9 .0 8 .2 7.4 7.1 4.8 4.5 6.1 6.2 4 -8 2 9.5 9.2 9.1 8.7 9.2 8.7 8 .1 7.4 7.1 5.2 5 .1 6.3 6.5 2,,191 .5 6.8 2 f, ??7 . a 1-83 9.2 8.9 8.8 8.4 8.8 8.4 7.7 7.1 6.8 5.2 5.1 6.0 6.0 6.0 5.1 2-8 3 9. 1 8.8 8.8 8 .4 8.7 8.3 7.8 7.2 7 .0 5.6 5.6 6.5 6.6 6.7 6.7 ft. 7 ft 00 1 9.2 9.0 8.9 8.6 8.9 8 .6 8 .1 7.6 7.4 6.3 6.3 7.2 7.4 7.8 8.1 9.6 7.8 6.8 6.9 7.7 ?. .9 ? , 3m . 0 11 .0 2. 361 . 7 4-8 3 9.3 9.1 9.0 8.7 9.1 8.7 8.3 7.9 8.0 8.4 8.8 10.1 11 .0 11 .0 1-84 9 .5 9.4 9.3 9.0 9.4 9. 1 8 .7 8.4 8* 1 7.5 7.7 8.5 8.8 9.3 9.8 11 .0 11 .9 12.4 13.9 2 -7 9 3-79 4-7 9 1-8 0 2-80 3-80 4-80 1-81 2-81 3-81 4-8 1 1-82 2-8 2 3-8 2 4-82 1-8 3 2- 8 3 3-8 3 4-83 2. , 4 n . 9 2,,504 . 0 I N I T I A L QUARTER DISPOSABLE PERSONAL INCOKE IN 1972 DOLLARS _____ COMPOUNDED ANNUAL RATES OF CHANGE____ __ BILL ION S OF TERMI NAL__________________________________________________________________ I N I T I A L QUARTER________________________________________________________________ DOLLARS____ QUARTER 2-79 3-79 3 -7 9 3.2 4 -7 9 1.7 0.1 1-80 1.9 1.2 4-79 1 -8 0 2-80 3-80 4-80 1-81 2- 8 1 3—81 4— ftl 1—A 7 2-82 3- 8 2 4—A7 ANNUAL RATcS 1—A3 ? -A 3 3—A3 4— A3 1 ,0 1 9 . .8 i t n?n,, 1 1t ft?5. ft 2.3 2-80 0.0 -1 .0 -1 .6 -5 .3 3 -8 0 0.6 -0 .1 -0 .1 -1 .3 2.9 4-8 0 1.2 0.8 0.9 0.5 3.5 1, 0 1 2 . , n 1f 019., ? 4. 1 1t o ? o -. K 1-81 1. 6 1.4 1.6 1.5 3. 8 4.3 4.4 2-81 1.7 1.4 1 .7 1.5 3.3 3.5 3.1 1 .9 3 -8 1 2.4 2.3 2.7 2.7 4.4 4 .8 5.0 5.3 8.9 4-8 1 2.0 1.9 2.1 2.1 3 .4 3.5 3.4 3.0 3.6 -1 .4 1-8 2 1.5 1.4 1.5 1.4 2.4 2.3 2.0 1.4 1.2 -2 .4 2-8 2 1.6 1.4 1 .6 1.5 2.4 2.3 2 .0 1 -5 1.4 - i .n -O .fl 1 -9 3-8 2 1.4 1.3 1 .4 1.3 2 .1 1.9 1.6 1.2 1.0 -0 .8 —0 . 6 0.8 1 .0 4 0 . ,7 1, 0 45 . .6 1. 0 68 -, 1 1.0 64, -3 .4 1 »025 <.1 1,0 60 . ,? 1.0 59. k3 -0 .3 4-8 2 1.5 1.4 1.5 1.4 2 .1 2.0 1 .8 1.4 1. 3 -0 .1 0.? 1.4 1 .1 2.6 1,0 66 . >1 1-8 3 1.6 1.5 1.6 1.5 2 .2 2.1 1. 9 1.6 1.5 0.4 0.7 1 .ft 1.7 2. A 1 . 0 7 ^ .fl 2-8 3 1.7 1 .6 1.7 1.7 2.3 2.2 2.0 1.8 1 .8 0.8 1.2 2.1 2.2 3.0 3.2 3-8 3 2.0 1.9 2.0 2.0 2.6 2.6 2.4 2. 2 2.3 1.5 1.9 2.8 3.0 3.9 4.3 5.0 6.4 4 -8 3 2 .3 2.3 2.4 2.4 3.0 3.0 2.9 2.8 2.8 2.2 2.7 3.5 3.8 4.7 5.2 6.0 7.2 8.0 1-84 2 .7 2.7 2.8 2.9 3.4 3.5 3.4 3. 3 3.5 3.0 3.5 4 .3 4.7 5.6 6.2 7.0 8.2 9.0 10 .1 2-79 3-79 4-7 9 1-8 0 2 -8 0 3-80 4-80 1-81 2-81 3-81 4-81 1-82 2- 8 2 3-8 2 4 -8 2 1-8 3 2- 8 3 3- 8 3 4-63 1.0 8 3 ., 1 3.5 1. 1 00 ..1 1.1 21, .5 1 0 4 8 , .8 I N I T I A L QUARTER 18 PREPA RED BY FED ERA L R E S E R V E BANK. OF S T . MAY 18* 1984 L O U IS CORPORATE P R O FITS A FTER TAX ES* COMPOUNDED ANNUAL RATES OF CHANGE TERMINAL QUARTER 2-7V ...... 3-7? 3-79 4 -7 9 1-80 2 -8 0 . 3-80 4-80 1-81 2-81 13*0 3-81 4 -8 1 1-82 2- 8 2 3-82 4 -8 2 1- 8 Ï 2 -8 3 3-8 3 4-83 __ ü . £ 169. 4-7 9 0.6 - 1 0 . 4 1 -8 0 1 .4 2-8 0 Bl L L lU N S o f DDL LARS ANNUAL RATES IN I TIA L OUARTFR -4 .0 16S. 2 .9 166. -15 .3 -2 3 .0 -2 8 .6 -5 0 .5 3-80 -8 .7 -1 3 .4 -1 4 .4 -2 1 .9 23.3 4-8 0 -7 .4 -1 1 .0 -1 1 .1 -1 5 .3 10.7 -0 .5 1-8 1 -4 .3 -8 .4 12.4 7.3 2-81 -8 .2 -1 0 .9 -1 1 .0 -1 3 .5 -0 .6 -7 .5 3 -8 1 -5 .7 2.6 -2 .0 -2 .4 -10 .5 16.5 1.1 -2 .8 -3 .4 -9 .1 4 .5 -7 .0 -6 .3 -7 .9 -7 .5 -7 .7 -9 .1 ? 139. Jt ,9 146. 146.,7 15.9 152.,2 -1 0 .7 -31.2 138. 6 144 . Û 4-81 -5 .8 -7 .3 -8 .7 1 -8 2 -12 .8 -1 5 .0 -1 5 .5 -17 .6 2-8 2 -1 0 .6 -1 2 .5 -1 2 .7 -1 4 .3 -8 .2 -12 .0 -13 .8 -1 8 .8 -15 .3 -2 3 .8 -3 1 .4 16 .9 3-82 -1 0 .1 -1 1 .8 - 1 1 . 9 -1 3 .2 -7 .7 -1 0 .9 -1 2 .3 -1 6 .3 -13 .0 -19 .1 -23 .0 6.5 -3 .0 4-82 -1 0 .1 -1 1 .6 -1 1 .7 -1 2 .9 -7 .9 -1 0 .8 -1 2 .0 -1 5 .4 -1 2 .5 -17 .3 -1 9 .9 0.7 -6 .5 1- 8 3 -1 0 .6 -12 .1 -1 1 .5 -12 .7 -17 .3 -19.4 141. 7 -6.2 -1 1 .4 -1 6 .1 -1 8 .9 -2 5 .8 -2 3 .9 -3 8 .5 -5 9 .7 -1 2 .2 -1 3 .3 -8 .9 2-8 3 -6 .2 -7*4 -7 .2 -7 .9 -3 .0 3-83 -3 .1 -4 .0 -3 .5 -4 .0 4-83 -3 . 1 -4 .0 -3 .5 1 -0 4 -2 .1 - 2 *9 -2* 4 2-7 9 3-79 4-79 1-8 0 -1 5 .7 -13 .2 112. 9 117. 4 116. 5 113. 5 -9 .9 -4 .2 -10 .3 -1 3 .7 -5 .5 -7 .7 -4 .2 1. 0 -0 .6 -0 .6 -2 .2 1.7 -3 .9 0.7 -0 .8 -0 .9 -2 .3 1.2 -0 .3 0.4 1 4 .4 14.0 17.8 25.9 -2*8 I.JL 0.3 _Q.,4 -0 .8 2.5 1 .2 2.1 14 .7 14 .4 17 .6 24.C> 3-80 4-8 0 1-81 2-81 3-81 4-81 1-82 2-82 3 -8 2 4-82 -6 .9 o o o 2- e o -6.8 108. 2 -17 .4 -5 . 1 10.0 8 .3 12 .4 25 .6 91.0 17.7 17.8 23 . 7 37.5 77 . 4 127. 2.... 64.7 14.4. 1 44 26 .2 -3 .3 142. 9 37 .2 22.9 6^2 16.6 1 - 83 2-8 3 3— 83 4 -8 3 148. 5P I N I T I A L QUARTER * NATIONAL INCOME BASIS P - PRELIMINARY PREPARED BY FEDERAL RESERVE MAY 18 . 1984 ö a N* HISTORICAL SOURCES OF NATIONAL INCOME AND PRODUCT ACCOUNTS DATA The NIPA e stim ates f o r 1929-76 are in The N a tio n a l Income and Product Accounts o f the United S ta te s, 1929-76: S t a t i s t i c a l Ta b le s (Stock number (5U3-010-00101-1, p ric e $10.00). Estim ates f o r 1977-79 and c o r r e c t io n s f o r e a r l i e r y e a rs are in the J u l y 1982 SURVEY; e stim a te s f o r 1980-82 and c o r r e c t io n s f o r e a r l i e r y e a rs are in the J u l y 1983 SURVEY. Summary NIPA S e rie s , 1950-82, are in the October 1983 SURVEY. Estim ates f o r the p e rio d s s in c e , appear in subsequent is s u e s o f the m onthly Survey o f C u rre n t B u s in e s s . These p u b lic a t io n s are a v a i la b l e from the Superintendent o f Documents, U.S. Government P r i n t i n g O f f i c e , Washington, D.C. 20402. F o r f u r t h e r in fo rm a tio n , w r i t e to the N a tio n a l Income and Wealth D i v i s i o n (BE-54) Bureau o f Economic A n a l y s i s , U.S. Department o f Commerce, Washington, D.C. 20230. 19 OF S T . .. LOUIS INVENTORIES COM PARED W I T H MANUFACTURING AND M ONTHLY S A L E S * TRADE 68 .64 64 .60 60 .56 56 .52 52 .48 48 44 .40 40 .36 36 .32 32 .28 28 24 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 RATIOS BASED ON S E A S O N A L L Y SHADED AREAS REPRESENT * DAT A R E V I S E D LATEST DATA FROM ADJUSTED PERIODS OF DATA. BUSINESS SOURCE: 1982 1983 1984 U . S . DEPARTMENT OF C O MME R C E RECESSIONS. 1977. PLOTTED: MA R C H P R E L I M I N A R Y PREPARED 20 BY FEDERAL RESERVE BANK OF ST. LOUIS
@FedFRASER