Full text of National Economic Trends : May 1987
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National Economic Trends
May 1987
The general rate of price increase accelerated recently. Assessing the extent of this rise depends on the periods com
pared because of the influence of volatile energy and food prices over the past 16 months. As the table below indicates,
the pace of increase of producer and consumer prices for several different periods varies widely. These periods illustrate
the effects of the oil price decline in early 1986 and the smaller oil price rise in early 1987.
Price increases generally slowed in 1986, especially in the first four months, but have accelerated sharply since then.
Excluding fuel and food, producer prices appear to have accelerated in early 1986, while consumer prices show no ac
celeration until early 1987. The implicit price deflator is relatively less affected by food and energy but its movements
show the same general pattern as consumer prices: the rate of price increase fell from a 3.6 percent rate in the fourth
quarter of 1985 to 2.1 percent in 1986, then rose to a 4.2 percent rate in the first quarter of 1987. The extent of the recent
acceleration depends on the periods compared and on whether one examines the overall indexes or those that exclude
the direct effects of food and energy.
Annual Rates of Change of Prices
Producer prices, finished goods
Producer prices, fuel related
products and power
Producer prices, food
Producer prices, excluding
food and energy
Consumer prices,
Consumer prices,
Consumer prices,
Consumer prices,
and energy
all items
energy
food
excluding food
12/ 86- 4/87
4/ 86- 12/86
12/ 85- 4/86
8/ 85- 12/85
5.1%
1.6%
-9.4%
3.4%
30.4
- 0 .8
-1 3 .0
6.9
-5 7 .1
- 4 .5
5.8
8.1
2.4
2.5
3.0
1.7
6.0
18.6
2.8
2.7
- 7 .9
5.8
- 1 .8
-3 9 .0
0.0
4.0
- 5 .0
5.3
5.3
3.5
4.3
4.3
NOTE: All rates are computed from seasonally adjusted data except for the energy measures.
—John A. Tatom
THK
F K D K R V l.
A RHSHKM
BANK of
Æ p ST. Ij()1'IS
^
views expressed do not necessarily reflect official positions of the Federal Reserve system.
_______ TOTAL C I V IL I A N EMPLOYMENT____
COMPOUNDED ANNUAL RATES O f CHANCE
TERMINAL
I N I T I A L MONTH
THOUSAKJS
MONTH________________________________________________________________________________________________________________________________________________________________________O f PERSO NS
3-87
11-86
9-85 10-85 11-85 12-85
12-86
1-87
2-87
4-86
9-86 10—86
2-86
3-86
5-86
6—86
7-86
8-8 6
1-86
107*792
10-85
2 .1
11-85
2 .1
2 .1
12-05
2 .0
2 .0
107*978
1 .9
108*149
108.892
1-86
3 .6
4 .1
5 .2
2-86
2 .1
2 .1
2 .2
2 .3
- 3 .6
3-86
2 .3
2 .3
2 .3
2 .5
- 0 .5
2 .8
4-86
2 .2
2 .2
2 .2
2 .3
0 .3
2 .3
1 .8
8 .6
106* 557
108*807
108*969
109*165
5-86
2 .2
2 .2
2 .2
2 .3
0 .8
2 .3
2 .0
2 .2
6-86
2 .5
2 .5
2 .6
2 .7
1 .6
2 .9
3 .0
3 .6
5 .0
7-86
2 .6
2 .6
2 .7
2 .8
1 .8
3 .0
3 .0
3 .4
4 .0
3 .0
109*613
109*887
8-86
2 .5
2 .5
2 .6
2 .7
1 .9
2 .8
2 .8
3 .1
3 .3
2 .5
2 .0
9-86
2 .2
2 .2
2 .2
2 .3
1 .5
2 .3
2 .2
2 .3
2 .3
1 .4
0 .5
110*067
- 0 .9
169*987
r r 6 ,t 4 *
10-86
2 .2
2 .2
2 .2
2 .3
1 .6
2 .3
2 .2
2 .3
2 .3
1 .6
I . 1
0 .7
2 .3
11-86
2 .3
2 .3
2 .3
2 .3
1 .7
2 .3
2 .2
2 .3
2 .3
1 .8
1 .5
1 .3
2 .5
2 .6
12-86
2 .3
2 .3
2 .3
2 .3
t.Y
2 .3
2 .2
¿ . r
2 .3
1 .9
i.6
1 .6
2 .4
2 .4
¿ .i
2 .5
2 .4
2 .5
2 .5
2 .2
2 .1
2 .1
2 .8
3 .0
3 .2
4 .1
110*432
IT 0 .4 3 7
111*011
1-87
2 .4
2 .4
2 .4
2 .4
1 .9
2-87
2 .5
2 .5
2 .5
2 .6
2 .1
2 .6
2 .6
2 .7
2 .7
2 .4
2 .3
2 .4
3 .1
3 .3
3 .5
4 .1
4 .1
3-87
2 .3
2 .3
2 .3
2 .4
1 .9
2 .4
2 .4
2 .4
2 .4
2 .1
2 .0
2 .0
2 .5
2 .6
2 .6
2 .7
1 .9
- 0 .2
4-87
2 .5
2 .5
2 .5
2 .5
2 .2
2 .6
2 .6
2 .7
2 .4
2 .4
2 .4
2 .9
3 .0
3 .1
3 .3
3 .0
2 .5
10-85 -LL tA ? 12-95
1-56
2-flfr
10-86 11-86 12-86
1-87
2-87
9-85
8 -86
5-86
IN IT IA L
111* 382
111 * 368
5 .1
111* 635
7 ..
MONTH
____________________________________________________ e * € P A * e O EV f E D E R A l R E S E R V E
MAY 8* 1987
&AN* O f S T . L O Q IS
____________PAYROLL EMPLOYWENT________________________________________________________________________________
COMPOUNDED ANNUAL RATES Of CHANCE
TERMINAL
IN IT IA L
MONTH
THOUSANDS
MONTH______________________________________________________________________________________________________________________________________________ Of PERSONS
9—85 10-85
11-85 12-85
2-86
11-85
3 .3
2 .9
12-85
3 .2
3 .0
3 .0
1-86
3 .6
3 .6
3 .9
2-86
3 .2
3 .1
3 .1
3 .2
1 .6
3-86
2 .8
2 .6
2 .5
2 .3
l.l
0 .7
2 .7
2 .7
2 .0
2 .2
2 .4
4-86
5-86
6-86
7—86
8-86
9-86
10-86 11-86 12-86
1-87
2-87
3-87
98*666
98*910
4 .8
99*296
99*429
<W*4§4
3 .7
9 9 * t8 3
*9 *9 1 8
2 .5
1 .9
2 .0
2 .6
1 .6
2 .1
1 .9
1 .3
1 .3
1 .5
0 .4
- 0 .9
2 .3
2 .2
2 .1
1 .6
1 .6
1 .9
1 .3
1*1
3 .2
1 .7
5-86
6-86
7-86
3-86
98*428
10-85
3 .7
4-86
-
1-86
8-86
2 .4
2 .3
2 .2
2 .1
1 .7
9-86
2 .5
2 .4
2 .3
2 .2
1 .9
10-86
2 .5
2 .4
2 .4
2 .3
2 .1
11-86
2 .6
2 .5
2 .4
2 .4
2 .1
2 .4
2 .2
2 .5
2 .3
12-86
2 .6
99*843
100*105
100*283
1 .9
1 .5
1 .5
2 .7
2 .2
2 .2
1 .9
1 .9
2 .9
2 .8
3 .4
2 .1
2 .3
2 .1
2 *2
3 .0
2 .9
3 .3
2 .2
2 .4
2 .2
2 .3
3 .0
2 .9
3 .2
3 .1
2 .9
2 .5
2 .3
2 .4
3 .0
2 .9
3 .1
3 .1
3 .0
37r
¿ .4
2 .6
2 .*
2 .6
3 .1
3 .1
3 .2
3 .2
3 .2
3 .4
100*460
3 .2
166*624
161*046
161*322
1-87
2 .7
2-87
2 .7
2 .6
2 .6
2 .5
2 .4
2 .4
2 .6
2 .5
2 *6
3 .0
3 .0
3 .2
3 .1
3 .1
3 .1
3 .2
¿.T
3-87
2 .6
2 .6
¿.5
2 .5
2 .3
2 .4
2 .5
2 .4
2 .5
2 .9
2 .9
3 .0
2 .9
2 .8
2 .8
¿.1
2 .3
1 .8
4-87
2 .7
2 .6
2 .6
2 .6
2 .4
2 .5
2 .6
2 .5
2 .6
3 .0
3 .0
3 .1
3 .0
3 .0
3 .0
3 .0
¿ .T ~
2 .8
3. 8
9-85 10-85 11-85 12-85
1-86
2-86
3-86
4-86
5-86
6-86
7-86
8-86
2-87
3-87
IN IT IA L
3 .T
9-86 10-86 11-86 U - 8 6
101*626
1-87
101*854
102*0090
102*3250
MONTH
P- P R E L IM IN A R Y
PREPARED PY fE O E R A t
MAY 8 t 1 9 8 7
2
R E S E R V E BANK O f ST » L O U IS
EMPLOYMENT
RATI O
SCALE
M I L L I ONS
OF
RATI O
PERSONS
MILLIONS
SEASONALLY AD JUSTED
OF
SCALE
PERSONS
125
I 20
1 15
1 10
105
100
95
90
85
80
75
1979
1980
1981
1982
1983
1984
1985
1986
1987
SOURCE: U.S.DEPARTMENT OF LABOR
BEGINNIN6 JANUARY 1986. TOTAL EMPLOYMENT DATA INCORPORATE NEW PROCEDURES FOR ESTIMATING
MEASURES OF IMMIGRATION AND EMIGRATION INCREASING TOTAL EMPLOYMENT BY ABOUT 0.3%.
PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED.
LATEST DATA PLOTTED: APRIL PRELIMINARY
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
UNEMPLOYMENT
SEASONALLY
P E R C E NT
RATE
ADJUSTED
P E R C E NT
12.0
11
.
11.0
10.
10. 0
9.
9.0
8.
8.0
7.
7.0
6.
6.0
5.
5.0
4.
4.0
1979
1980
1981
1982
1983
1984
1985
1986
1987
SOURCE: U .S . DEPARTMENT OF LABOR
PERCENT OF C IV IL IA N LABOR FORCE
LATEST DATA PLOTTED: APRIL
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
3
m M S llM F R
PR TC F
TN O FX FOR A L L Lift RAM C O N S U M E R S . S E A S O N A L L Y
COMPOUNDED AN NUAL R A T E S OF CH AN GE
TERMINAL
MONTH
IN IT IA L
9-85
10-85
11-85
12-85
2-86
1-86
3-86
4-86
5-86
A D JU S T E D
MONTH
6-86
7-86
8-86
9-86
10-86
11-86
12-86
1-87
3-87
2-87
3 2 4 .9
10-85
4 .5
11-85
5 .5
6 .5
12-85
4 .9
5 .1
3 .7
3 2 6 .6
3 2 7 .6
3 2 8 .7
1-86
4 .7
4 .8
3 .9
4 .1
2-86
3.1
2 .7
1 .5
0 .4
- 3 .2
3-86
1 .7
1 .2
- 0 .1
-1 .3
- 3 .9
4-86
1 .0
0 .4
- 0 .7
- 1 .8
- 3 .7
- 4 .0
- 3 .3
5-86
1.3
0 .8
- 0 .1
- 0 .9
- 2 .1
- 1 .7
- 0 .2
3 .0
6-86
1 .7
1 .3
0 .6
C .l
- 0 .7
0 .0
1 .6
4 .1
327. è
3 2 6 .5
- 4 .7
3 2 5 .4
3 2 6 .4
5 .3
3 27 .8
3 2 7 .9
T—86
1 .6
1 .2
0 .6
0 .2
- 0 .5
0 .1
1.3
2 .9
2 .8
0 .4
e-86
1 .6
I .3
0 .7
0 .4
- 0 .2
0 .4
1 .4
2 .6
2 .5
l.l
0 .7
2 .8
2 .8
3 2 8 .4
1 .8
3 2 9 .4
9-86
1.8
1 .5
1 .0
0 .3
0 .8
1 .8
2 .0
2 .8
3 .7
10-86
1.8
1 .6
1.1
0 .9
0 .5
1 .0
1 .8
2 .7
2 .7
2 .0
2 .6
3 .0
2 .2
11-86
1 .9
1 .7
1 .3
1.1
0 .8
1 .2
2 .0
2 .8
2 .7
2 .2
2 .7
3 .0
2 .6
12-86
1 .9
1 .7
1 .4
1 .2
0 .9
1 .3
2 .0
2 .7
2 .6
2 .2
2 .6
2 .8
3 3 0 .0
3 3 0 .8
2 .9
2 .6
2 .2
3 31 .4
3 3 3 .6
2 .3
2 .1
1 .8
1 .7
1 .5
1 .9
2 .6
3 .3
3 .3
3 .1
3 .5
3 .8
3 .9
4 .4
5# 2
8 .3
2 .5
2 .3
2 .1
1 .9
1 .8
2 .2
2 .8
3 .5
3 .5
3 .3
3 .7
4 .1
4 .1
4 .6
5 .2
6 .7
5 .2
3-67
2 .6
2 .5
2 .2
2 .1
2 .0
2 .4
3 .0
3 .6
3 .7
3 .5
3 .9
4 .2
4 .3
4 .7
5*2
6 .2
5 .1
5 .1
4-87
2 .7
2 .7
2 .4
2 .3
2 .2
2 .6
3 .2
3*8
3 .8
3 .7
4 .1
4 .4
4 .5
4 .8
5 .2
6 .0
5 .3
5 .3
.i- a s
10-05
ii- a s
12-85
4-86
5-8 6
6-86
T-86
10-86 11-86
12-86
_L-86_. 2-86.
UJ
1
»
<*
1-87
2-87
,a - 8 6 _ 9-86
3 3 5 .0
3 36 .4
5 .5
lr JL T ._ 2 - 0 _
3 37 .9
3-87
IN IT IA L MONTH
_________________________________________________ _____________________ PREPA REO BY FEOERAL R E S E R V E
MAY 22* 1987
BANK OF S T . L O U IS
PRODUCER P R IC E IN D EX « F IN IS H E D COOPS - SEA SO N A LLY A D JU ST ED *__________________________________________________
COMPOUNDED ANNUAL R ATES OF CHANCE
TERMINAL
HflNTU
IN IT IA L
9-85
10-85 11-85
12-85
1-86
2-86
3-86
4-86
5-86
MONTH
6-86
1967 *
7-86
8-86
9-86
10-86 11-86
12-86
1-87
2-87
100
3-87
2 9 3 .9
O
I
9 .4
2 9 5 .6
11-85
8 .3
7 .2
12-85
7 .5
6 .5
5 .8
1-86
4 .4
2 .7
0 .6
- 4 .4
2 9 7 .0
2 9 5 .9
2 9 1 .5
2-86
- 0 .2
- 2 .4
- 5 .4
- 1 0 .6
- 1 6 .5
3-86
- 1 .9
- 4 .0
—6 . 6 - 1 0 .5
- 1 3 .4
- 1 0 .2
4-86
- 2 .5
- 4 .4
- 6 .5
- 1 1 .0
- 8 .1
- 6 .1
5-86
- 1 .5
- 3 .0
- 4 .5
- 6 .5
- 7 .0
- 3 .7
- 0 .2
6 .0
6-86
- 1 .0
- 2 .3
- 3 .6
- 5 .1
- 5 .2
- 2 .1
0 .7
4 .2
- 9 .4
2 8 8 .9
2 8 7 .4
2 8 8 .8
2 .5
ì
8 9 .\
2 87 . 1
7-86
- 1 .8
- 3 .0
- 4 .2
- 5 .6
- 5 .8
- 3 .5
- 1 .8
- 0 .3
- 3 .3
- 8 .8
8-86
- 1 .3
- 2 .3
- 3 .3
- 4 .4
- 4 .4
- 2 .2
- 0 .5
0 .9
- 0 .7
- 2 .3
4 .7
9-86
- 0 .9
- 1 .8
- 2 .6
- 3 .5
- 3 .4
- 1 .4
0 .1
1 .4
0 .3
- 0 .4
4 .0
3 .4
2 8 9 .1
290 .1
- 2 .0
- 2 .8
- 2 .6
- 0 .7
0 .7
1 .9
l.l
0 .7
4 .1
3 .8
- 1 .2
- 1 .8
- 2 .5
- 2 .3
- 0 .6
0 .7
1 .7
1 .0
0 .7
3 .2
2 .7
0 .4
- 1 .0
- 1 .6
- 2 .2
- 2 .0
- 0 .5
0 .7
1 .6
1 .0
0 .7
2 .7
2 .2
0 .6
0 .8
2 .2
3 .1
5 .5
10-86
- 0 .5
- 1 .3
11-86
- 0 .4
12-86
- 0 .4
1-87
0 .0
2-87
3-87
4-87
0 .8
.
2 8 8 .3
- 0 .6
- l.l
0 .0
—0 .5
- 1 .0
0 .3
- 0 .2
- 0 .6
0 .3
- 0 .1
- 1 .6
1 .5
1 .4
3 .2
l.l
1 .9
1 .4
1 .3
2 .8
2 .5
1 .9
2 .4
3 .1
0 .6
1 .5
2 .2
1 .8
1 .8
3 .2
2 .9
2 .6
3 .1
3 .9
S .t
3 .8
3 .7
3 .6
4 .3
5 .1
5 .0
7-86
8-86
1 .2
- 1 .5
- 1 .2
0 .1
- 1 .0
- 0 .8
0 .5
1 .1
*-85. 1 0 r8 5 .-11-85 12-85
1-86
2-86
- i
2 .0
2 .7
2 .5
2 .5
-86
A.-86
5-86
6-86
____________________________________ ________________________________________________I N I T I A L
♦DATA FOR FOUR MONTHS AGO R E V IS E D TO R E F L E C T LATE R EPO R T IN G
2 9 1 .7
2 .0
0 .1
- 0 .2
¿ 4 0 .4
2 .9
- 1 .4
- 0 .4
2 9 0 .2
9-86
6
l l r M
2 9 1 .9
2 9 3 .2
7 .2
\~ -2 1
8 .9
2 9 5 .3
3-87
MONTH
PREPARED BY FED ERAL RESERV E
MAY 15* 1 9 8 7
4
BANK OF S T . L O U IS
RATI O
PR I CE S
SCALE
1967-100
CONSUMER P R IC E INDEX
C M - U DATA B EG IN N IN G
OATA PLO T TED .
IN D IC A TED .
A P R IL
PR EPA RED
PRODUCER
1967-100
BY FED ERAL
PRICES
SEASONALLY ADJUSTED
PERC EN T AG ES ARE ANKVAL R ATES OF CHANGE FOR PE R IO O S
L A TEST
BATA PLO T TED .
SCALE
1967-100
IS FOR ALL URBAN CONSUMERS ( C P l - U ) .
1083 INCORPORATE A RENTAL EQ U IVA LEN C E MEASURE FOR HOMEOWNERSHIP CO STS.
PERC ENTAG ES ARE ANNUAL R ATES OF CHANGE FOR P E R IO O S
LATEST
RATI O
SEASONALLY ADJUSTED
RESERVE
BANK OF ST .
L O U IS
r a tio
s c a le
1967-100
IN D IC A T E D .
A P R IL
PR EPA RED BY FED ERAL R E S E R V E BANK OF S T .
5
L O U IS
PRODUCER P R I C E
IN D E X . F IN I S H E D CONSUMER FOODS - S E A S O N A L L Y A D JU S T E D *
COMPOUNDED ANNUAL R A T E S OF CHANCE
00
I
O'
©
W'
CD
1
TERMINAL
I N I T I A L MONTH
I 967 * 100
MONTH_______________________________________________________________________________________ ______ ____________________________________________________________________________ ___________
1-87
3-8 7
2-87
11-85 12-85
8-86
7-86
9-86 10-86 11-86 12-86
4-86
5-86
3-86
6-86
1-86
2-86
1 8.5
11-85
17.1
1 5 .7
12-85
1 5.0
1 3 .3
11.1
1-86
8 .4
5 .3
0 .4
- 9 .2
2-86
3 .3
- 0 .2
- 5 .0
- 1 2 .2
3-86
3 .1
0 .3
- 3 .3
- 7 .6
- 6 .8
2 .2
>0
00
1
2 7 0 .2
10-95
3 .4
I .1
- 1 .6
- 4 .5
- 2 .9
3 .8
5 .5
5-86
5 .2
3 .4
1 .5
- 0 .3
2 .0
8 .4
1 1 .6
18.1
6-86
4 .8
3 .2
1 .5
0 .0
1 .9
6 .7
8 .2
9 .6
CO
1
r*
8-86
2 7 3 .5
¿ 7 5 .9
2 7 3 .1
¿ 7 0 .6
- 1 5 .1
2 7 0 .5
2 7 1 .7
275.3"
2 7 5 .9
1 .8
6 .0
4 .7
3 .4
2 .3
4 .4
8 .7
1 0 .4
1 2.1
9 .3
17 3
7 .0
5 .9
4 .9
4 .2
6 .2
1 0 .2
1 1 .9
1 3 .6
1 2.1
17 7
T 7 4 .S
1 8.1
2 8 3 .5
¿ 8 3 .3
9-86
6 .3
5 .3
4 .3
3 .6
5 .3
8 .6
9 .7
1 0 .6
8 .7
11 2
8 .2
—0 . 8
10-86
6 .7
5 .8
5 .0
4 .4
6 .0
9 .0
1 0 .0
1 0 .7
9 .3
11 3
9 .3
5 .2
1 1 .6
11-86
6 .1
5 .1
4 .3
3 .7
5 .1
7 .6
8 .3
8 .7
7 .2
8 4
6 .2
2 .6
4 .3
- 2 .5
12-86
5 .3
4 .4
3 .5
2 .9
4 .1
6 .3
6 .7
6 .9
5 .3
6 0
3 .8
0 .5
1 .0
- 3 .9
2 8 5 .9
"2 85 .3"
1-87
3 .5
2 .6
1 .7
1 .0
1 .9
3 .6
3 .8
3 .6
1 .9
1 9
- 0 .4
- 3 .8
- 4 .5
- 9 .3
2-87
3 .0
2 .1
1 .2
0 .6
1 .3
2 .9
2 .9
2 .7
l.i
1 0
- 1 .2
—4 . 0
- 4 .7
- 8 .4 - 1 0 .2
3-87
3 .2
2 .3
1 .5
0 .9
1 .7
3 .1
3 .2
3 .0
1 .6
I
5
- 0 .3
- 2 .6
- ¿.4
- 5 .6
4-87
3 .9
3 .2
2 .5
2 .0
2 .8
4 .2
4 .3
4 .2
3 .1
3 2
1 .7
—0 .2
- 0 .1
- 1 .9
9-85 10-85
11-85
12-85
1-86
2-86
3-86
4-86
5-86
6 -86
7-86
8-86
♦OATA FOR FOUR MONTHS A60 R E V IS E D
¿ 8 4 .0
- 5 .3
2 7 9 .6
- 1 2 .5 - 1 9 .2
2 7 7 .r
- 1 2 .6
- 5 .5
- 6 .4
- ¿.7
d .r
6 .2
- 1 .8
- 0 .8
6 .?
l2 .4
f4 .1
9—86 10—86 11-86
12-86
1-87
2-87
3-87
2 79 .1
"
2 8 3 .2
MONTH
IN IT IA L
TO R EF L EC T LATE R E P 0 R T IN 6
PREPA RED BY F6P€RA L R E S E R V E BANK OF S T . L O U IS
MAY 15* 1907
PRODUCER P R IC E
IN D E X . F IN IS H E D COOPS* EX C LU P IN C FOODS - SEASON ALLY A D JU ST ED *
COMPOUNDED ANNUAL RATES OF CHANCE
2 9 9 .5
2
11-85
8
5 .3
12-85
1
4 .5
3 0 0 .8
3 0 1 .7
3 .7
3 0 1 .0
1-86
1
2 .0
0 .4
-2
7
2-86
“ 1 3
- 3 .1
- 5 .7
-10
I
3-86
“ 3 5
- 5 .4
- 7 .9
- tl
4 - 1 5 .4
- 1 4 .0
I
0»
10-85
-4 4
- 6 .0
- 8 .2
-10 9 - 1 3 .5
- 1 1 .7
2 9 6 .4
- 1 6 .9
2 9 2 .7
"¿ 4 6 .i
- 9 .4
5-86
6-86
•
1
'O
0
1
•
1
eg
TERMINAL
I N I T I A L MONTH
1967 » 100
-MQHIH_______________________ ________________________________________________________________________________________________________________________________________________________________
9- 85 10-85 11—85 12- 85
4-86
12-86
1-87
1-86
2-86
3-86
6-86
7-86
8-86
9-86 10-86
5-86
2 6 0 .4
2 .5
-2 9
- 4 .0
- 5 .2
7-86
-4 4
- 5 .5
8-86
”3 9
- 4 .9
9-86
“ 3 2
- 4 .0
- 4 .9
- 1 .6
2 .5
¿ 4 1 .4
2 .5
-6 6
- 7 .4
- 6 .8
-8 2
- 9 .0
- 5 .6
- 4 .3
- 7 .6 - 1 6 .
- 6 .0
-7 I
- 7 .7
-6. 1
- 4 .5
- 3 .2
- 5 .0
-8.
0 .4
- 4 .9
-5 8
- 6 .2
- 4 .6
- 2 .9
- 1 .6
- 2 .6
—4 .
2 .7
2 8 7 .r
2 8 8 .4
5 .1
¿ * * .r
10-86
-2 9
- 3 .6
- 4 .3
-5
1
- 5 .4
- 3 .8
- 2 .3
- 1 .0
- 1 .7
-2 •
2 .4
3 .4
1 .7
11-86
-2 5
- 3 .1
- 3 .8
-4 5
- 4 .6
-3. 2
- 1 .7
—0 . 6
- l.l
-1.
2 .3
3 .0
1*9
2 .1
12-86
-2 2
- 2 .8
- 3 .3
-3 9
- 4 .0
- 2 .6
- 1 .3
- 0 .2
- 0 .6
2 .4
2 .8
2 .1
2 .3
2 .5
"284.4
1-87
-1
I
- 1 .6
- 2 .1
-2 5
- 2 .5
- l.l
0 .3
1 .5
1 .3
1.
4 .5
5 .3
5 .4
6 .7
9 .0
1 6 .0
-0 9
- 1 .3
- 1 .8
-2
I
- 2 .1
- 0 .7
0 .6
1 .6
1 .5
1.
4 .3
4 .9
4 .9
5 .7
6 .9
9 .2
3-87
-0 6
- 1 .0
- 1 .3
-1
7
- 1 .6
- 0 .3
0 .9
1 .9
1 .9
1.
4 .4
4 .9
4 .9
5 .6
b Z T
4-87
-0 3
- 0 .6
- 0 .9
-I
2
- l.l
0 .1
1 .3
2 .2
2 .2
2.
4 .5
5 .1
5 .0
5 .6
6 .3
12- B5
1-06
2-86
3-86
4-8 6
5-86
6-8
7—86
8-86
9-86
10-86
11-86
1 1 - J5
♦DATA FOR FOUR MONTHS A60 R E V IS E O
IN IT IA L
TQ R E F L E C T LATE R EPO R T IN G
'
"¿4 3 .5
2 .9
"
3 .4 "
5 .0
7 .3
4 .6
5 .4
5 .8
12-86
1-87
2-87
3-87
T .8
"244.2
7 4 5 .* "
"2 46 .8"
MONTH
PREPA REP BY FEPER A L RESERVE
MAY 15* 1 9 8 7
6
’
2 8 4 .3
2-87
9-85
'
¿ 5 7 .2
BANK OF S T . L O U IS
'
INDUSTRIAL
RATI O
PRODUCTION
RATI O
SCALE
I 977-100
1979
1980
1981
1982
1983
SCALE
1 97 7-1 00
SEASONALLY A D JUSTED
1984
1985
1986
1987
PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED.
LATEST DATA PLOTTED: APRIL PRELIMINARY
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
__________ IN D U ST R IA L PRODUCTION_______
COMPOUNDED ANNUAL RATES OF CHANGE
TERM INA L
I N I T I A L MONTH
1977 * 100
MONTH_______________________________________________________________________________________________________________________________________________________________________________________
9-85
10-85
10-85
1 1-85
12-85
1-86
2-66
3-86
—6 . 6
4-86
5-86
6-86
7-86
8- 86
9-86
10-86
11-86
12-86
1-87
2-87
3-8 7
123.6
1 1 —8 5
2.4
12.3
12-85
4.2
1C. 1
8.0
1-86
4.7
8.7
6.9
2-86
1.9
4.2
1.6
-1.4
-3.2
3-86
- I . 1
0.0
-2.9
-6.2
-11.7
-15.1
4 —8 6
O.o
1.8
-0.2
-2.1
-4.7
-2.8
11.2
5—8 6
—0 . 1
0.9
-1. 0
-2.7
-4.7
-3.5
2.9
-4.7
6-86
-0.1
0. 7
-0.8
-2.2
-3.8
-2.6
2.0
-2.4
0.0
0.1
-1.0
-2.0
-0.8
3.2
0.6
3.4
-1.5
-0.3
2.9
124.8
125.6
5.9
126.2
125.3
12 3 . 6
124.7
124.2
124.2
7-86
0.6
8-36
0.7
1.5
0.3
-0 . 6
1.0
2.9
4.4
1.9
9-86
0.5
I. 1
0.1
-0.7
-1.5
-0.5
2.1
0.4
1.7
2.3
0.0
10-86
0.7
1.4
0.4
-0.3
-0.9
0.0
2.4
1.0
2.1
2.7
1.3
3.9
i 1-86
1.2
1.8
1.0
0.3
-0.2
0.7
2.9
1.8
2.9
3.5
2.7
5.4
6.9
12-86
1.5
2.1
1.4
0.9
0.4
1.3
3.4
2.4
3.5
4. 1
3.5
5.9
6.9
6.9
1-87
1.3
1.9
1.2
0.7
0.2
1.0
2.8
1.9
2.8
3.2
2.6
3.9
3.9
2.4
-1.9
2-87
1.6
2.1
1.5
I .0
0.7
1.4
3.1
2.3
3.1
3.5
3.0
4.3
4.4
3.5
1.9
3-87
1.3
1.8
1.2
o.fl
0.4
l. l
2.6
1 .8
2.5
2.8
2.3
3.1
2.9
1.9
0.3
1.4
-2.8
4 —8 7
1.0
1.5
0.8
0.4
0. 1
0.7
2.0
1.3
1.8
2.0
1.5
1.9
1.6
0.6
-0.9
—0 . 6
-3.7
-4.6
9-ÛS
îû-as.
lL-as.
L2-ÛS
2-âù
. 3-86
4-Ô6
.- 5- Q6
6-36
7-ôfr
9-36.
10-86
11-86
12-86
1-97
2-41.
3-97
1.4
1-86
124.9
7.0
125.1
124.9
8 —8 6
.
125.3
126.0
126.7
126.5
5.8
127.1
1 2 6 . 8P
1 2 6 . 3P
.
------------------------------------------------------------------- 1NI U A L MONTH_____________________________________________________________________________________
■£■- PRFI [ H i N A R Y __________________________________________________________________________________________________________________________________________________________
-- ----------------------------------------------------------------------------------------- --------------------------------------------------------------------------------- P R E PA R E D PV F E O E R A L R ESERV E
MAY
7
15*
1987
&AN* QF S T . L O U IS
PERSONAL
RATI O
SCALE
TRILLIONS
INCOME
RATI O
MONTHLY TOTALS AT ANNUAL RATES
OF
DOL L ARS
TRILLIONS
SEASON ALLY AD JUSTED
OF
SCALE
DOL L A R S
4.0
3.8
3.6
3
3.4
3.
3.2
3
3.0
2.
2. 8
2.
2. 6
2 .
2.4
2.
2.2
2.
2. 0
1
I .8
.
1979
1980
1981
1982
1983
1984
1985
1986
1987
SOURCEt 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
______________________________________________________________________________ PERSONAL INCOME___________________________________________________________________________
COMPOUNDED ANNUAL RATES Of CHANGE
_______________________________________________________________________________________________ BILLIONS Of
TERMINAL
I N I T I A L HONTH
DOLLARS
MONTH________________________________________________________________________________________________________________________________________________________ ANNUAL RATES
1-87
2-07
3-0 7
7-86
8-86
9-06 10-06 11-86 12-06
2-06
3-06
4-56
5-06
6-06
1-86
9-85 10-85 11-85 12-85
10-85
9 .1
3 *3 5 8 .3
3 * 3 7 2 .3
11-85
7.1
5 .1
12-85
1 0.5
1 1.2
17.5
1-86
7 .7
7 .2
8 .3
- 0 .2
2-86
7 .5
7 .0
7 .7
3. t
6 .5
^ *4 1 0 .0
3 *4 1 7 .4
3 *4 3 5 .3
3 *4 4 5 .1
3-86
6 .8
6 .3
6 .6
3 .2
5 .0
3 .5
4-86
8 .0
7 .8
8 .3
6 .2
8 .4
9 .3
1 5.5
5-86
6 .7
6 .4
6 .6
4 .5
5 .7
5 .5
6 .5
- 1 .9
6-66
6 .0
5 .6
5 .6
3 .0
4 .6
4 .1
4 .3
- 0 .8
0 .2
7-86
5 .7
5 .3
5 .3
3 .7
4 .3
3 .9
4 .0
0 .5
1 .6
1 .0
1 .9
8-86
5 .4
9-86
5 .2
10-06
5 .1
5 .0
3 .7
3 .7
3 * 4 8 6 .6
5 .0
3 .5
4 .1
4 .9
4 .6
3 .5
4 .0
3 .7
3 .7
1 .5
4 .7
4 .7
3 .5
3 .9
3 .6
3 .6
1 .6
3 *4 0 1 .3
3 *4 8 1 .9
3 *4 9 0 .0
3 .1
3 * 4 9 7 .9
2 .8
2 .5
2 .3
3 .0
3 .0
3 .5
2 .5
3 .1
3 .1
3 .5
3 .4
2 .4
2 .9
2 .8
2 .9
2 .7
3 *5 0 7 .9
i * 5 1 7 .0
1 .9
3 * 5 2 3 .3
11-06
4 .9
4 .5
4 .5
3 .4
3 .7
3 .4
3 .4
1 .0
12-86
5 .0
4 .7
4 .7
3 .6
4 .0
3 .0
3 .8
2 .4
3 .0
3 .5
3 .6
3 .9
4 .0
4 .3
6 .8
1-87
4 .9
4 .6
4# 6
3 .7
4 .0
3 .0
3 .8
2 .6
3 .1
3 .6
3 .6
3 .9
4 .0
4 .1
5 .3
3 .7
2-87
5 .6
5 .3
5 .4
4 .5
4 .9
4 .8
4 .9
3 .9
4 .6
5 .1
5 .4
5 .9
6 .4
7 .1
9 .0
10.1
1 6 .8
3 * 5 4 2 .7
3 *5 5 3 .5
3 * 5 9 9 .7
3-87
5 .4
5 .1
5 .1
4 .4
4 .7
4 .6
4 .7
3 .7
4 .3
b
•8
5 .0
5 .3
5 .6
6 .1
7 .2
7 .3
9 .1
2 .0
4-87
5 .3
5 .1
5 .1
4 .3
4 .6
4 .5
4 .6
3 .7
4 .2
4 .6
4 .6
5 .1
5 .4
5 .7
6 .5
6 .4
7 .3
2 .8
3 .6
10-85 11-85
12-85
1-86
2-86
3-86
4 -8*
5-86
6-86
7-86
8-86
9-96
11-66 12-06
1-87
2-87
3-8 7
9-85
IN IT IA L
' 3 * iW .é
3 * 4 1 4 .3 p
MONTH
P- P R E L IM IN A R Y__________________________________________________________________________________________________________________________________________ ______ _______________________
_________________________________________________________________________________________________________________P R E P A R E D B Y FE D E R A L R E S E R V E
NAY 2 6* 1 9 0 7
8
BANK OF S T . L O U IS
RETAIL
RATI O
SALES
SCALE
BILLIONS
OF
1979
RATI O
DOL L A R S
1980
SEASON ALLY
1981
1982
BILLIONS
A D JUSTED
1983
1984
1985
OF
1986
SCALE
DOL L A R S
1987
SOURCE: U .S. DEPARTMENT OF COMMERCE
PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED.
LATEST DATA PLOTTED: MARCH, APRIL ADVANCE ESTIMATE
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
R E T A IL S A L E S
COMPOUNDED ANNUAL RATES OF CHANCE
IN IT IA L
TERM INAL
MONTH
«»-85
10-85
11-85
12-85
1-86
2-86
3-86
4-86
5-86
M IL L IO N S OF
DOLLARS
MONTH
6-86
7-86
8-86
9-86
10-86 11-86
12-86
1-87
2-87
3--87
115*711
10-85
- 2 9 .2
11-95
- 1 2 .8
7 .5
12-85
- 5 .6
9 .0
1 0.5
1-86
- 1 .7
9 .6
1 0 .7
io .e
2-86
- 3 .0
5 .0
4 .1
1 .0
- 7 .8
116*412
I i t * 389
1 18 t 393
117*590
3-86
- 3 .1
3 .2
2 .2
- 0 .4
- 5 .6
- 3 .3
4-86
- 1 *0
4 .7
4 .1
2 .6
0 .0
4 .1
1 2 .2
5-86
0 .7
5 .9
5 .6
4 .6
3 .1
7 .1
1 2 .7
1 3 .2
6-86
0 .7
5 .2
4 .9
3 .9
2 .6
5 .4
8 .5
6 .7
0 .7
7-86
1 .5
5 .6
5 .4
4 .6
3 .7
6 .1
8 .6
7 .5
4 .7
9 .0
8-86
2 .8
6 .7
6 .6
6 .2
5 .5
7 .9
1 0.3
9 .9
8 .8
1 3 .1
1 7 .3
9-06
8 .3
1 2 .5
13.1
1 3 .3
1 3 .7
17.1
2 0 .9
2 2 .8
2 5 .3
3 4 .8
4 9 .9
9 1 .5
10-86
2 .3
5 .5
5 .4
4 .9
4 .2
5 .8
7 .2
6 .4
5 .1
6 .2
5 .3
- 0 .2
- 4 8 .0
n-86
1 .9
4 .8
4 .5
4 .0
3 .3
4 .7
5 .7
4 .8
3 .5
4 .1
2 .9
- 1 .6
- 2 9 .4
12-86
5 .7
8 .8
8 .8
8 .7
8 .5
1 0 .3
1 1 .9
1 1 .9
1 1 .7
1 3 .7
1 4 .7
1 4 .0
- 4 .1
3 0 .2
77*1
1-87
- 0 .3
2 .0
1 .6
0 .9
0 .2
0 .9
1 .4
0 .2
- 1 .3
- 1 .6
- 3 .2
- 6 .9
- 2 2 .2
- 1 1 .1
- 1 4 .3
2-87
3 .1
5 .5
5 .4
5 .0
4 .6
5 .7
6 .5
6 .0
5 .2
5 .8
5 .4
3 .5
- 8 .5
5 .4
8*8 - 1 4 .7
3-87
3 .4
5 .7
5 .6
5 .3
4 .9
6 .0
6 .8
6 .3
5 .7
6 .2
5 .9
4 .3
- 5 .7
6 .2
9 .0
- 7 .3
3 8 .7
9 .5
4-87
3 .3
5 .5
5 .4
5 .1
4 .7
5 .7
6 .4
5 .9
5 .3
5 .7
5 .4
4 .0
- 4 .7
5 .4
7 .5
- 5 .1
2 5 .0
5 .4
1 .5
10 —85 11-85
12-85
1-86
2-86
3-86
4-86
5-86
6-86
7-86
8-86
11-86 12-06
1-07
2-07
3 -07
9-85
1 18*387
119*613
119*679
IN IT IA L
120*541
122* L56
128*952
122*121
121*678
- 4 .3
9-06_ 10-86
127*613
- 5 8 .6
118*579
7 5 .7
124*280
125 *2 25 P
125 * 384 E
M0N7H
P- PftFI î Ml MARY
E- ESTIM A TED
prepared
MAY 13*
9
by
1987
FEDERAL. R ESE R V E
BANK OF S T .
L O U IS
HfMlftt Y COMPENSAT IO N . B U S IN E S S SECTOR
COMPOUNDED ANNUAL R ATES OF CHANGE
TERMINAL
fMläftTPß
IN IT IA L
2-82
3-82
4-82
1-83
2-83
3-83
4-83
1-84
2-84
QUARTER
1977*100
4-84
3-84
1-85
2-85
4-85
1-86
2-86
3-86
4-86
1 5 6 .6
3-82
7 .5
4-82
5 .9
4 .4
1 5 8 .3
1 5 9 .9
1-83
5 .3
4 .3
4 .1
2-83
4 .6
3 .7
3 .3
2 .5
3-83
4 .0
3 .1
2 .7
2 .0
1 .5
4-83
4 .2
3 .6
3 .3
3 .1
3 .4
5 .3
1-04
4 .4
3 .9
3 .8
3 .8
4 .2
5 .5
5 .7
2-84
4 .2
3 .8
3 .7
3 .6
3 .9
4 .6
4 .3
2 .9
1 6 0 .9
1 61 .5
16 3 .6
1 6 5 .9
167.1
1 69 .0
3-84
4 .3
3 .9
3 .8
3 .8
4 .0
4 .6
4 .4
3 .8
4 .6
4-04
4 .?
3 .9
3 .8
3 .8
4 .0
4 .5
4 .3
3 .8
4 .2
3 .8
1-85
4 .2
3 .9
3 .8
3 .8
4 .0
4 .4
4 .2
3 .9
4 .2
3 .9
U Ó .6
1 7 2 .3
4 .0
1 7 4 .5
2-85
4 .3
4 .0
4 .0
4 .0
4 .1
4 .5
4 .4
4 .1
4 .4
4 .4
4 .6
5 .2
3-85
4 .3
4 .0
4 .0
4 .0
4 .2
4 .5
4 .4
4 .2
4 .4
4 .4
4 .6
4 .8
4 .4
4 .3
4 .0
4 .0
4 .0
4 .1
4 .4
4 .3
4 .1
4 .3
4 .2
4 .3
4 .4
4 .1
4-85
3-85
1 7 6 .4
3 .7
1 7 8 .0
179 .1
1-86
4 .1
3 .9
3 .9
3 .9
4 .0
4 .2
4 .1
3 .9
4 .0
3 .9
4 .0
3 .9
3 .5
3 .1
2-86
4 .1
3 .8
3 .8
3 .8
3 .9
4 .1
4 .0
3 .8
3 .9
3 .8
3 .8
3 .7
3 .4
3 .0
2 .7
2 .9
3-86
4 .0
3 .8
3 .7
3 .7
3 .8
4 .0
3 .9
3 .7
3 .8
3 .7
3 .7
3 .6
3 .3
3 .0
2 .8
2 .9
2 .9
4-86
3 .9
3 .7
3 .6
3 .6
3 .7
3 .9
3 .7
3 .5
3 .6
3 .5
3 .5
3 .4
3 .1
2 .8
2 .6
2 .6
2 .5
2 .Ó
1-87
3 .7
3 .5
3 .4
3 .4
3 .5
3 .6
3 .5
3 .3
3 .3
3 .2
3 .1
3 .0
2 .7
2 .4
2 .2
2 .1
1 .8
i.i
0 .4
2-82
3-82
4-82
1-83
2-83
3-83
4-83
1-84
2-84
3-84
4-84
1-85
2-85
3-85
4-85
1-86
2-86
3-86
4-86
IN IT IA L
2 .5
1 80 .4
1 81 .7
1 8 2 .6
1 8 2 .8 P
QUARTER
P- P R E L IM IN A R Y ____________________________ _____________ ______________________________________________ _______________________________________________________________________________
___________________________________________________________________________________________________________ PREPAR ED BY FE D E R A L
HAY 4 t
R ESERVE
PAN*. OF
ST.
L O U IS
1987
OUTPUT PFR HOUR QF ALL P ER S O N S . B U S IN E S S SECTOR
COHPOUNOEO ANNUAL RATES OF CHANCE
TERMINAL
I N I T I A L QUARTER
1977»100
Q1IA£T FR_________________________________________________________________________________________________________________________________________________________________________ _________
4-86
2-86
3-86
3-85
1-86
2-85
4-85
4-84
1-85
3-83
4-83
1-84
2-84
3-84
4-82
1-83
2-83
2-82
3-82
1 00 .3
3-82
0 .4
4-82
1 .6
2 .8
1-83
2 .3
3 .2
3 .6
2-83
3 .3
4 .3
5 .0
6 .4
3-83
2 .2
2 .7
2 .6
2 .2
- 1 .9
4-83
2 .4
2 .8
2 .8
2 .5
0 .6
3 .1
1-84
2 .7
3 .0
3 .1
2 .9
1 .8
3 .7
4 .3
2-84
2 .7
3 .0
3 .0
2 .9
2 .0
3 .4
3 .5
2 .2
101 .0
1 0 1 .9
1 0 5 .5
1 0 3 .0
1 0 3 .8
1 (H .9
1 0 5 .6
2 .7
3-84
2 .3
2 .6
2 .5
2 .3
1 .5
l.l
- 0 .4
■r
1
00
-r
1 0 5 .5
2 .4
2 .1
2 .3
2 .2
2 .0
1 .3
1 .9
1 .6
0 .8
- 0 .2
0 .0
1-85
2 .0
2 .1
2 .0
1 .8
1 .2
1 .7
1 .5
0 .8
0 .1
0 .4
0 .8
l.l
1 .7
,
1 05 .5
1 0 5 .7
2 .7
2 .0
2 .2
2 .1
1 .9
1 .4
1 .9
1 .7
l.l
3-85
2 .1
2 .3
2 .2
2 .1
1 .6
2 .1
1 .9
1 .5
1 .3
1 .7
2 .3
3 .1
4-85
1 .7
1 .8
1 .8
1 .6
1 .1
1 .5
1 .2
0 .8
0 .5
0 .7
0 .9
0 .9
1 .1
0 .9
1 .8
2-86
3-86
1 .7
1 .3
1 .6
1 .5
1 .8
1 .6
1 .2
1 .5
1 .4
l.l
1 .6
1 .5
1 .1
1 .4
1 .2
0 .9
1 .9
1 .9
1 .7
1 .8
1 .6
1 .7
4-86
1 .4
1 .5
1 .4
1 .3
0 .9
1 .1
1 .0
0 .7
1-87
1 .4
1 .5
1 .4
1 .3
0 .9
l.l
1 .0
0 .7
2-82
3-82
4-82
1-83
2-83
3-83
4—83
lò t .ì
3 .4
1 0 6 .4
- 3 .3
0 .0
3 .4
1 0 7 .3
l.l
1 .4
1 .5
l.l
0 .8
1 .0
1 .2
1 .3
0 .9
0 .1
1 .9
0 .7
0 .8
1 .0
1 .0
0 .7
0 .0
l.l
0 .5
0 .5
0 .6
0 .6
0 .3
- 0 .4
0 .4
- 0 .6
- l.l
- 1 .9
0 .5
0 .6
0 .7
0 .7
0 .4
-0. 1
0 .6
- 0 .1
- 0 .2
- 0 .2
1 .5
1-85 _2 -85
3—85
4-85
1-86
2-86
3-86
4-8 6
.5 - M
IN IT IA L
1 0 7 .4
0 .4
o
o
1-86
t 0 6 .4
o
«
o
2-85
0 .8
1 0 7 .3
—0 . 4
106 .8
1 0 7 .2P
QVAR7ÇR
P - —E R E L I HINARY_____________ _ ____________________________________________________________________________________________ __ __________________________________________________________
___________________________________ _____________________________________________________________________________ PR E PA R E O B Y F E D E R A L R E S E R V E BANK OF S T . LO U TS
NAY 4 , 1 9 8 7
10
P R O D U C T IV IT Y ,
RATI O SCALE
1977-100
1979
COMPENSATIO N,
AND LABOR COSTS
RATI O
SEASONALLY ADJUSTED
1980
1981
1982
1983
1984
1985
SOURCE t U . S .
PERC EN T AG ES ARE ANNUAL RA TES OF CHANCE FOR PE R IO D S
LA T E ST
DATA P L O T T tD .
1986
SCALE
1977-100
1987
DEPARTMENT OF LABOR
I NO IC A T E D .
1ST OUARTER P R E L IM IN A R Y
PREPA RED I Y
FED ERAL
RESERVE
BANK OF S T .
L O U IS
_____________________ U N IT LABOR CO STS. B U S IN E S S SECTOR___________________________
COMPOUNDED ANNUAL RATES 1OF CHANGE
IN IT IA L
TERMINAL
HHIAft T Ffl
2-82
3-82
4-82
1-83
2-83
3-83
4-83
1-84
2-84
1977*100
OUARTER
3-84
4-84
1-85
2-85
3-8 5
4-85
1-86
7 .2
4-02
4 .3
1 .5
1-83
2 .9
0 .8
0 .0
2-83
1 .3
- 0 .6
- 1 .7
4-86
1 5 6 .8
i* A . é
1 5 5 .5
- 3 .3
1 5 6 .8
3-83
1 .7
0 .4
0 .0
0 .0
3 .4
4-03
1 .8
0 .8
0 .6
0 .8
2 .8
2 .3
1-04
1 .7
0 .9
0 .7
0 .9
2 .3
1 .8
1 .3
2-84
1 .6
0 .8
0 .6
0 .8
1 .8
1 .3
0 .8
0 .3
3-84
1 .9
1 .3
1 .2
1 .4
2 .4
2 .2
2 .1
2 .5
4 .9
4-84
2 .1
1 .5
1 .6
1 .8
2 .6
2 .5
2 .5
3 .0
4 .3
3 .8
I 57 . 7
1 58 .2
iS è .i
U Ô .2
1 6 1 .7
1 63 .1
1-85
2*2
1 .7
1 .8
2 .0
2 .8
2 .7
2 .7
3 .1
4 .1
3 .7
3 .5
2-85
2 .2
1 .8
1 .8
2 .0
2 .7
2 .6
2 .6
2 .9
3 .6
3 .2
2 .9
2 .2
3-85
2 .1
1 .7
1 .7
1 .9
2 .5
2 .4
2 .4
2 .6
3 .1
2 .6
2 .2
1 .6
1 .0
4-85
2 .5
2 .1
2 .2
2 .4
3 .0
2 .9
3 .0
3 .2
3 .8
3 .5
3 .5
3 .4
4 .1
7 .2
1-86
2 .3
1 .9
2 .0
2 .1
2 .6
2 .6
2 .6
2 .7
3 .1
2.8
2 .6
2 .4
2 .4
3 .2
- 0 .7
2 .8
2 .6
2 .4
2 .4
2 .9
0 .8
2 .4
2 .3
3-86
1 5 6 .2
3-82
2-86
2 -86
2 .0
2 .0
2 .1
2 .6
2 .5
2 .6
2 .7
3 .0
164 .0
164 .
{6773
1 6 7 .0
1 6 8 .0
169.
3-86
2 .3
2 .0
2 .1
2 .2
2 .7
2 .6
2 .6
2 .7
3 .0
2 .8
2 .7
2 .5
2 .6
3 .0
1 .6
2 .8
3 .1
4-86
2 .4
2 .2
2 .2
2 .3
2 .8
2 .7
2 .7
2 .9
3 .1
2 .9
2 .8
2 .7
2 .8
3 .2
2 .2
3 .2
3.4
4 .1 "
1-87
2 .2
2 .0
2 .0
2 .1
2 .5
2 .4
2 .4
2 .5
2 .7
2 .5
2 .4
2 .2
2 .2
2 .4
1 .5
2 .0
i.*
1 .3
—i . 4
2-82
3-82
4-82
1-83
2-83
3-03
4-83
1-84
3-84
4-84
1-85
2-85
3-85
4 -«5
1-86
2-86
3-86
4-86
IN IT IA L
1 7Ó .4 P
iQ UARTER
P R E P A R E D BY FED ER A L
MAY 4» 1987
11
RESERVE
Ì
1 71 . 0
P- PR F I IMTNARY
K
BANK OF S T .
L O U IS
CROSS
TERM INAL
Q4IAR T F R
2-82
3-82
4-82
3-82
4-82
1-83
2-83
3-83
N A T IQHAL
^ROQUCT
1H CURR ENT
Dffl I AW*_______________________________________________________
COMPOUNDED ANNUAL R ATES OF CHANGE
__________________________________________ ________________________________________________________________ B IL L IO N S OF
I N I T I A L QUARTER
DOLLARS
ANNUAL RATES
4-04
2-86
3-86
4-86
1-04
2-84
3-04
1-85
1-86
4-03
4-85
2-05
3-85
3 ,1 7 9 .4
2 .5
3 *2 1 2 .5
4 .2
3 .4
3 ,2 6 5 .8
1-83
4*5
5 .5
6 .8
2-83
6 .6
8 .0
9 .9
1 3 .0
3-83
7.1
8 .3
9 .7
1 1 .2
9 .4
3 ,3 6 7 .4
3 ,4 4 3 .9
4-83
8 .0
9 .1
1 0.4
1 1 .6
1 0 .9
12.4
1-84
9 .0
10.1
1 1.3
1 2 .4
1 2 .2
13.6
1 4.9
2-84
8 .9
9*8
1 0 .7
1 1 .5
1 1 .2
lt.0
11.5
8 .2
3-84
8 .5
9 .3
10.1
1 0 .6
1 0 .1
1 0.3
9 .7
7 .1
6.1
4-84
8 .2
8 .8
9 .4
9 .8
9 .3
9 .2
8 .5
6 .4
5 .5
3 ,6 7 0 .9
3 ,7 4 3 .8
3,7<tt.7
3 ,8 4 5 .6
4 .9
3 ,9 0 9 .3
1-85
8.1
8 .6
9 .1
9 .4
8 .9
8 .8
8.1
6 .5
5 .9
5 .9
6 .8
2-85
7 .9
8 .4
8 .8
9 .0
8 .5
9 .4
7 .7
6 .4
5 .9
5 .8
6 .3
5 .8
3-85
7 .8
8 .2
8 .6
8 .8
8 .3
8 .2
7 .6
6 .4
6* I
6 .1
6 .5
6 .3
6 .8
4-85
7 .6
8 .0
8 .4
8 .5
8 .1
7 .9
7 .4
6 .3
6 .0
6 .0
6 ♦3
6 .1
6 .3
5 .8
1-86
7 .5
7 .9
8 .2
8 .3
7 .9
7 .7
7.2
6 .3
6 .1
6 .0
6 .3
6 .1
6 .2
6 .0
6 .2
7 .9
7 .4
7 .3
6 .8
5 .9
5 .6
5 .5
5 .6
5 .4
5 .3
4 .8
4 .3
2 .6
7 .7
7 .4
7 .2
6 .7
5 .9
5 .7
5 .6
5 .7
5 .6
5 .5
5 .2
5 .0
4 .5
6 .4
3 ,9 6 5 .0
4 ,0 3 0.5
4 ,ó é ? .7
4 ,1 4 9 .2
4 ,1 7 5 .6
2-86
7 .2
7 .5
7 .8
3-86
7 .2
7 .5
7 .7
4-86
6 .9
7 .1
7 .3
7 .3
6 .9
6 .8
6 .3
5 .5
5 .3
5 .2
5 .2
5 .Ó
4 .9
4 • ?>
4 .2
3 .5
4. ó
1.7
1-87
7 .0
7 .2
7 .4
7 .4
7 .1
6 .9
6 .5
5 .8
5 .6
5 .5
5 .6
5 .5
5 .4
5 .2
5 .1
4 .8
5 .6
5 .1
8 .7
4-fl2
1-83
3-03
4-93
1-94
2-94
3-85
4-85
1-86
2-86
3-86
4-86
2 = A l
.
?~94 _ 4 - 8 4 _ 1-95
IN IT IA L
4 ,2 4 0 .7
4 ,2 5 8 .7
4 ,3 4 8 .4
QUARTER
PREPA RED BY FEO ERAL
MAY 2 2 , 1987
R ESER V E
BANK OF ST«
L O U IS
_______________________________________________________________SRQSS NA T IONAL PRODUCT I N 1792 DOLLARS______ ______________________________________________________
COMPOUNDED ANNUAL RATES OF CHANGE
_________________________________________________________________ _________________________________________________________________ ___________________________________________ B IL L IO N S OF
TERMINAL
I N I T I A L QUARTER
DOLLARS
CHJARTFR_____________________________________________________________________________________ ______________________________________________________________________________ ANNUAL RATES
2-86
3-86
4-86
1-86
3-8 5 4-85
1-85
2-85
3-83
4-83
2-82
3-82
4-82
1-84
2-84
3-84
4-84
1-83
2-83
3 ,1 5 4 .5
3-82
- 3 .2
4-82
- 1 .3
0 .6
2 .0
3 .5
2 .5
4 .4
6 .4
9 .3
4 .8
6 .3
7 .7
1-83
2-83
3-83
4-83
1-04
4 .7
3 ,1 5 9 .3
3 ,1 8 6 .6
3 ,2 5 8 .3
5 .3
6 .5
7 .5
6 .7
7 .3
6 .0
7 .2
0 .1
7 .7
0 .5
2-84
4 .7
5 .9
6 .8
7 .5
7 .0
3-84
4 .5
5 .4
6 .2
6 .6
6 .1
4-04
4 .2
5 .0
5 .6
5 .9
5 .3
4 .1
4 .8
5 .3
5 .5
2-85
4 .6
5 .0
3-85
4 .5
4-85
4 .3
1-86
1-85
2-86
3-86
4-86
3 .5
3 .4
1-87
2-02
3 ,3 0 6 .4
6 .0
7 .4
3 ,3 6 5 .1
9 .0
3 ,4 4 4 .7
7 .4
3 ,4 8 7 .1
5 .0
3 ,5 0 7 .4
5 .7
3 .7
2 .3
5 .1
4 .6
2 .9
1 .9
1 .5
5 .0
4 .8
4 .3
3 .0
2 .3
2 .3
3 .1
5 .1
4 .6
4 .4
4 .0
2 .8
2 .3
2 .3
2 .7
4 .9
5 .0
4 .6
4 .4
4 .0
3 .1
2 .7
2 .7
3 .2
3 .2
4 .1
4 .7
4 .0
4 .3
4 .1
3 .0
2 .9
2 .6
2 .6
2 .9
2 .8
3 .1
2 .1
4 .3
4*6
4 .7
4 .3
4 .1
3 .0
3 .0
2 .7
2 .8
3 .1
3 .1
3 .3
2 .9
3 .8
4 .1
4 .3
4 .4
4 .0
3 .0
3 .4
2 .7
2 .5
2 .5
2 .7
2 .6
2 .6
2 .1
2 .2
0 .6
4 .0
4 .2
4 .3
3 .9
3 .7
3 .4
2 .7
2 .5
2 .5
2 .7
2 .6
2 .7
2 .3
2 .4
1 .7
3 , $ ¿ 0 .4
3 ,5 4 7 .0
3 ,5 6 7 .6
2 .3
3 ,6 0 3 .8
3 ,6 2 2 .3
3 ,6 5 5 .9
3 ,6 6 1 .4
2 .8
3 ,6 0 6 .4
3 ,6 9 6 .1
3 .8
4 .0
4 .0
3 .7
3 .2
2 .6
2 .4
2 .4
2 .5
2 .4
2 .4
"T .d "
¿ .ir
IT 5
1 .*
l.l
3 .8
4 .0
4 .1
3 .7
3 .3
2 .7
2 .5
2 .6
2 .7
2 .6
2 .7
2 .4
¿ .y
?.¿
¿.7
2 .7
4 .4
3-82
4-82
1-83
2-83
4-83
1-84
2-84
3-84
4-84
1-85
2-85
3-85
4-85
1-86
2-86
3-86
4-86
3-83
IN IT IA L
3 ,7 3 5 .9
QUARTER
P R E P A R E D B Y F E D E R A L R E S E R V E BANK OF S T . L O U IS
MAY ¿ J , 1 4 1 7 --------------------------------------------------------------------
12
GROSS N A T I O N A L PRODUCT
RATIO
SCALE
1979
QUAR T E R L Y T OT AL S AT ANNUAL R A T E S
1980
1981
1982
1983
1984
SOURCEt
PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIO D S
LATEST DATA PLOTTED«
1985
U .S .
RATIO
1986
SCALE
1987
DEPARTMENT OF COMMERCE
INDICATED.
1ST OUARTER
PREPARED BY FEDERAL R ESER V E BANK OF S T .
13
LO U IS
GENERAL
RATI O
PRICE
INDEX*
SCALE
RATI O
1982-100
1979
SCALE
1 98 2-100
1980
1981
1982
1983
1984
«A3 USED IN NATIONAL INCOME ACCOUNTS
1985
1986
1987
SOURCE. U .S. DEPARTMENT OF COMMERCE
PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED.
LATEST DATA PLOTTED.
1ST OUARTER
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS
IM P L IC IT P R IC E DEFLATOR FOR GROSS NATIONAL PRODUCT
___________ COHPOUNOEP ANNUAL RATES OF CHANGE_____________
TERM INAL_________________________________________________________________________I N I T I A L QUARTER______________________________ ________________________________________ 1982 *
QUART ER
3-86
4-86
1-86
2-86
3-85
4-85
1-83
3-83
4-83
2-84
4-84
1-85
2-85
2-83
3-84
1-84
2-82
3-82
4-8?
100
100 .8
3-82
5 .0
4-82
4 .7
3 .6
1-83
4 .2
3 .4
3 .2
2-83
3 .9
3 .3
3 .2
1 01 .7
1 02 .5
1 03 .3
3 .2
1 04 .2
3-03
3 .8
3 .4
3 .3
3. 3
3 .5
4-83
4 .0
3 .6
3 .6
3 .8
4 .1
4 .7
1-84
4 .1
3 .8
3 .8
4 .0
4 .3
4 .7
4 .6
2-84
3 .9
3 .7
3 .7
3 .8
4 .0
4 .1
3 .8
1 05 .4
1 06 .6
1 07 .4
3 .0
1 08 .3
3-84
3 .Q
3 .7
3 .7
3 .7
3 .9
3 .9
3 .7
3 .2
3 .4
4-84
3 .8
3 .6
3 .6
3 .7
3 .8
3 .0
3 .6
3 .3
3 .4
3 .4
1-85
3 .0
3 .6
3 .6
3 .7
3 .8
3 .8
3 .6
3 .4
3 .5
3 .5
3 .7
2-85
3 .8
3 .6
3 .6
3 .6
3 .7
3 .7
3 .6
3 .4
3.4
3 .5
3 .5
3 .3
3-85
3 .7
3 .5
3 .5
3 .5
3 .6
3 .6
3 .4
3 .2
3.3
3 .2
3 .2
2 .9
2 .5
4-85
3 .7
3 .5
3 .5
3 .5
3 .6
3 .6
3 .5
3 .3
3 .3
3 .3
3 .3
3 .2
3 .1
3 .6
1-86
3 .6
3 .4
3 .4
3 .5
3 .5
3 .5
3 .3
3 .2
3 .2
3 .2
3 .1
3 .0
2 .9
3. 1
2 .5
1 09 .2
1 1 0.2
1 1 1 .1
1 11 .8
1 12 .8
113 .5
2-86
3 .*
3 .3
3 .3
3 .3
3 .3
3 .3
3 .2
3 .0
3 .0
3 .0
2 .9
2 .7
2 .6
2 .6
2 .1
1 .8
3-86
3 .5
3 .3
3 .3
3 .3
3 .4
3 .3
3 .2
3 .1
3.1
3 .0
3 .0
2 .9
2 .8
2 .9
2 .6
2 .7
1 14 .0
I 15.0
3 .6
115 .2
4-86
3 .3
3 .2
3 .2
3 .2
3. 2
3.1
3 .0
2 .9
2 .8
2 .8
2 .7
2*6
2 .4
2 .4
2 .1
2 .0
2 .1
0 .7
1-87
3 .4
3 .2
3 .2
3 .2
3 .2
3 .2
3 .1
3 .0
3 .0
2 .9
2 .9
2 .8
2 .7
2 .7
2 .5
2 .6
2 .8
2 .4
4 .2
2-82
3-82
4-82
1-83
3-83
4-83
1-84
2-84
3-84
4-84
1-85
2-85
i- 0 5
4-Ô5
l- S è
2-Ö6
3-86
4-86
2 -8 >
PREPARED BY FED ER AL R E S E R V t
HAY 22 * 1 9 8 7
14
B A F * OF S T .
116 .4
LIHJ1ST
P E R S ONAL CONSUMP T IO N E X P E N D IT U R ES IN CURRENT DO LLARS
COMPOUNDED ANNUAL RATES OF CHANGE
IN IT IA L
2-82
3-82
8 .5
4-82
9« 4
3-8?
4- 82
1-83
2-83
3-S3
4-83
1-84
2-84
B I L L I O N S OF
DOLLARS
QUARTER
3-84
4-84
1-85
2-85
3-85
4-85
1-86
2-86
3-86
4-86
2 * 0 6 5 .6
2 ,1 1 7 .0
1 0 .3
2 * 1 4 ¿ .6
1-83
8 .2
8 .0
5 7
2-83
9*3
9 .6
9 3
1 3 .0
3-83
9 .3
9 .5
9 3
1 1 .1
2 * 2 1 3 .0
9 .3
2 * 2 ¿2 .0
2 ,3 1 5 .8
9 .7
4-83
9 .4
9 .6
9 4
1 0 .6
9 *5
1-84
9 .3
9 .4
9 2
1 0.1
9 .2
9 .1
8 .6
2-84
9 .3
9 .4
9 2
9 .9
9 .2
9 .1
8 .8
9 .1
3-84
8 .8
8 .8
8 6
9 .1
8 .3
8 .1
7 .5
7 .0
5 .0
4-84
8 .6
8 .6
8 4
8 .8
8. 1
7 .9
7 .4
7 .0
6 .0
7 .0
1-85
8 .5
8 .5
8 3
8 .6
8 .0
7 .8
7 .4
7 .1
6 .4
7 .1
7 .2
2-85
8 .4
8 .4
8 2
8 .4
7 .9
7 .7
7 .4
7 .1
6 .6
7 .2
7 .3
7 .3
3-85
8 .4
8 .3
8 ?
8 .4
7 .9
7 .7
7 .5
7 .3
6 .9
7*4
7 .6
7 .7
8 .2
4-85
8 .2
8 .2
8 0
8 .2
7 .8
7 .6
7 .3
7 .2
6 .8
7 .2
7 .3
7 .3
7 .3
6 .4
6 .7
6 .6
6#*
5 .5
4 .6
2 * i¿ i.d
2 * 4 U .l
2 ,4 4 5 .6
2 * 4 0 7 .2
2 * $ ÍO . 9
2 * 5 7 ¿ .0
2 ,6 2 7 .1
2 ,6 6 7 .9
2 ,6 9 7 .9
1-86
8 .0
7 .9
7
7 .9
7 .5
7 .3
7 .0
6 .8
6 .5
6 .8
2-96
7 .8
7 .7
6
7 .7
7 .3
7.1
6 .8
6 .6
6 .3
6 .5
6 .5
6 .3
6 .1
5 .4
4 .9
5 .2
3-86
7 .9
7 .9
7
7 .9
7 .5
7 .4
7 .1
7 .0
6 .8
7 .0
7 .0
7 .0
6 .9
6 .6
6 .6
7 .7
1 0 .3
4-86
7 .7
7 .6
4
7 .6
7 .2
7 .0
6 .8
6 .6
6 .4
6 .5
6 .5
6 .4
6 .2
5 .8
5 .7
6 .1
6 .6
3 .0
1-87
7 .5
7 .4
3
7¿ 3
7 .0
6 .8
6 .6
6 .4
6 .2
6 .3
6 .3
6 .1
6 .0
5 .6
5 .4
5 .7
5 .8
3 .7
4 .4
2-02
3-82
4.-83 _ L - 9 4
2-94
3-04
4-04
1-0?
_J_-05
4-0?
1-86
2-86
3-86
4-86
4-192 —L-01.
2-03 _ 1 t S3
IN IT IA L
2 ,7 3 2 .0
2 * 7 9 9 .8
2 *8 2 0 .4
2 ,8 5 0 .7
QUARTER
PR E P A R E O BY FEO ERA L
NAY 2 2 * 1987
PERSONAL
R ESER V E
BANK. OF S T * L O U IS
CONSUMPTION EXPE N D IT U R ES IN 1982 DOLLARS
COMPOUNOEO ANNUAL RATES OF CHANGE
B ILLIO N S
IN IT IA L
3-82
4-82
1-83
2-83
«0
1
2 -8 ?
4-83
'
1-84
2-84
3-84
4-84
OF
DOLLARS
QUARTER
1-85
2-85
3-85
4-85
1-86
2-86
3-86
4-8 6
2 ,0 5 1 .8
3-82
2 .1
4-82
3 .7
5 .3
2 ,0 7 8 .7
1-83
3 .5
4 .2
3 .0
2 ,0 9 4 .2
2-83
4 .6
5 .4
5 .5
8 .0
3-83
4 .8
5 .4
5 .4
6 .7
5 .3
4-83
4 .9
5 .4
5 .4
6 .3
5 .4
5 .5
2 ,1 3 5 .1
2 ,1 6 3 .0
2 ,1 9 1 .9
1-84
4 .8
5 .2
5 .2
5 .7
4 .9
4 .8
4 .1
2-84
4 .9
5 .3
5 .3
5 .8
5 .2
5 .2
5 .0
6 .0
2 ,2 1 3 .8
3-84
4 .5
4 .8
4 .7
5 .0
4 .4
4 .2
3 .8
3 .6
2 ,2 4 6 .3
2 ,2 * 5 . 5
1 .3
¿ * ¿ 7 1 .7
4-84
4 .4
4 .6
4 .5
4 .8
4 .2
4 .0
3 .6
3 .5
2 .3
3 .3
1-85
4 .3
4 .5
4 .4
4 .6
4 .1
3 .9
3 .6
3 .5
2 .7
3 .5
3 .7
2-85
4 .2
4 .4
4 .3
4 .5
4 .1
3 .9
3 .6
3 .5
2 .9
3 .5
3 .6
3 .5
2 ,5 1 1 .9
3-85
4 .3
4 .5
4 .4
4 .6
4 .2
4 .1
3 .9
3 .8
3 .4
3 .9
4 .1
4 .4
5 .3
4-85
4 .1
4 .3
4 .2
4 .3
3 .9
3 .8
3 .6
3 .5
3 .1
3 .5
3 .5
3 .5
3 .5
1 .7
1-86
4 .1
4 .2
4 .2
4 .2
3 .9
3 .6
3 .6
3 .5
3 .2
3 .5
3 .5
3 .5
3 .5
2 .6
3 .6
2-86
4 .2
4 .4
4 .3
4 .4
4 .1 '
4 .0
3 .8
3 .8
3 .5
3 .9
4 .0
4 .0
4 .2
3 .8
4 .9
6 .2
3-86
4 .4
4 .5
4 .5
4 .6
4 .3
4 .2
4 .1
4 .1
3 .9
4 .2
4 .4
4 .5
4 .7
4 .5
4-86
4 .1
4 .2
4 .1
4 .2
4 .0
3 .9
3 .7
3 .7
3 .5
3 .7
3 .8
3 .8
3 .é
1-87
3 .8
3 .9
3 .8
3 .9
3 .6
3 .5
3 .3
3 .3
3 .0
3 .2
3 .2
3 .1
2-82
3-82
4-82
1-83
2-83
3-83
4-83
1-84
2-84
3-84
4-84
1-85
IN IT IA L
T ,T O .ó '
2 ,5 5 1 .7 "
2 ,5 7 2 .7 "
2 ,4 0 0 .4
5 .5
6 .4
6 .7
4 .0
4 .1
3 .1
-Ö .4
¿,4 4 ô .ô "
3 .1
2 .7
3 .0
2 .8
1 .7
-ó”. 7
- 1 .1
2-85
3-85
4-85
1-86
2-86
3-86
4 -8 6
2 ,4 4 5 .0
2 ,4 3 8 .9
QUARTER
PREPAREO BY FED ER AL
MAY 2 2 * 1 9 8 7
15
RESERVE
BANK OF ST*
L O U IS
-
COHPOIJNOEO ANNUAL RATES OF CHANGE
IN IT IA L
t e r m in a l
B IL L IO N S OF
DOLLARS
ANNUAL RATES
QUARTER
ÛUARTFR
2-82
3-8 2
4-82
1-83
2-83
3-83
4-83
1-84
2-84
3-84
4-84
1-85
2-85
- 1 2 .7
4-82
- 2 3 .3
- 3 2 .7
1-83
- 11 .1
- 1 0 .3
2-83
2 .9
8 .7
3-8 3
8 .8
1 4 .9
1-86
4-85
2-86
3-86
4-86
*2 0 .5
1 9 .6
38. 1
5 9 .5
3 7 .4
4 7 .2
4 8 1 .3
*1 4 .7
3 5 .9
579. 6
4-83
15.4
2 2 .0
4 1 .6
4 9 .8
45. 1
5 4 .9
1-84
? 1•7
2 8 .6
46*4
5 4 .0
5 2 .2
6 1 .0
6 7 .4
? - 8^
1 8 .6
2 3 .8
3 7. 1
4 0 .9
3 6 .6
3 6 .8
2 8 .6
- 1 .2
3 2 .5
3 4 .8
3 0 .3
2 9 .0
2 1 .3
3 .3
6 5 9 .5
¿5 7 .5
6 7 0 .3
8 .0
3-84
1 7 .3
2 1 .8
4-84
1 4 .8
1 8 .4
2 7 .0
2 8 .2
2 3 .6
2 1 .2
1 4 .0
0 .3
l.l
- 5 .4
1-85
1 2 .7
1 5 .7
2 2 .8
2 3 .2
1 8 .8
16.2
9 .7
- 1 .3
- 1 .4
- 5 .8
- 6 .2
2-8 5
1 2 .6
2 1 .5
2 1 .8
1 7 .7
1 5.3
9 .8
0 .9
1 .5
- 0 .6
1.8
1 0 .5
0 .0
- 1 .9
- 0 .7
2 .1
- 5 .7
3-85
3-85
4 5 2 .2
3-8 ?
1 5 .2
18 .8
1 8 .7
1 4 .9
1 2.5
1 2 .8
1 7.8
1 7 .6
1 4.1
1 3 .7
1 8 .4
1 8 .3
1 5.1
1 1 .0
1 3 .3
4-85
1 0.8
1-86
1 1 .7
661 .1
6 5 0 .6
6 67 .1
657 .4
7 .4
- 0 .2
1 1 .9
7 .5
0 .9
1 .2
- 0 .1
1 .3
3 .9
0 .7
7 .6
1 3 .2
9 .3
3 .6
4 .3
3 .7
5 .7
8 .9
8 .3
16.1
2 5 .3
1 .9
2 .2
1 .4
2 .6
4 .5
3 .0
6 .1
5 .4
- 1 1 .3
6 6 9 .5
7 0 8 .3
6 8 7 .3
2-86
10.1
1 1 .8
1 5 .9
1 5 .7
1 2 .6
1 0 .7
7 .0
3-86
9 .0
1 0 .6
1 4 .3
1 3 .9
1 1 .0
9 .1
5 .7
1 .0
1 .2
0 .4
1 .3
2 .6
1 .0
2 .8
1 .3
- 9 .0
- 6 .5
4-86
8 .1
9 .4
1 2 .8
1 2 .4
9 .6
7 .8
4 .6
0 .2
0 .3
- 0 .5
0 .2
l.l
- 0 .4
Ò .J
- Ô .4
—8 .4
—6 .9
—7 .3
1 1 .3
9 .7
6 .8
2 .9
3 .3
2 .8
3 .7
5 .1
4 .3
6 .1
5 .8
1 .4
6 .0
1 2 .9
3 7 .5
2-83
3-83
4-83
1-84
2-84
3-84
4-84
1-85
2-85
3-85
4-85
1-86
2-86
3-86
4-86
1-87
9 .4
1 0 .8
14.1
1 3 .8
2-82
3-82
4-82
1-83
IN IT IA L
663 . 2
R ESE R V E
BANK OF S T . L O U IS
INVESTMENT I N 1? S 2 DQLLAftS
COMPOUNDED A W U A L RATES OF CHANGE
IN IT IA L
TERM INA L
B IL L IO N S Of
DOLLARS
ANNUAL RATES
QUARTER
ÛUARTFR
2-92
3-82
4-92
1-83
?- 8 3
3-83
4-83
1-84
2-84
7 18 .1
QUARTER
PREPA RED BY FED ERA L
MAY 22* 1987
GUQSS P E IVATE M 1 E S T IC
6 7 5 .8
3-84
4-84
1-85
2-85
3-85
4-85
1-86
2-86
3-86
4-86
4 4 8 .6
2-83
4 0 8 .8
- 2 3 .5
- 3 1 .0
- 1 1 .4
- 9 .4
19.1
4 .1
1 1 .5
4 1 .9
427.1
4 8 6 .9
6 8 .9
5 2 4 .8
3-83
9 .7
1 7 .0
3 9 .5
5 1 .0
3 5 .0
4-83
1 5 .1
2 2 .3
4 1 .2
4 9 .4
4 0 .5
1-84
2 0 .6
2 8 .0
4 4 .8
5 2 .0
4 6 .8
5 3.1
6 0.1
2-84
1 7 .9
2 3 .6
3 6 .2
3 9 .9
3 3 .4
3 2 .9
2 6 .7
0 .2
577.2
4 6 .3
6 * 9 .3
6 4 9 .7
2 1 .2
3 1 .4
3 3 .5
2 7 .4
2 5 .6
1 9.3
3 .0
5 .8
1 7 .9
2 6.1
2 7 .1
2 1 .2
1 8.7
1 2.6
0 .1
0 .1
- 5 .4
1-85
1 2 .0
1 5.1
2 1 .9
2 2 .2
1 6 .7
1 3 .9
8 .4
- 1 .7
- 2 .4
- 6 .2
2-85
1 1 .9
1 4 .8
2 0 .8
2 1 .0
1 6 .0
1 3 .6
8 .9
0 .8
0 .9
- 0 .7
1 .8
1 1 .4
00
o»
10.3
1 2 .8
1 8 .0
1 7 .8
1 3 .2
1 0.8
6 .4
- 0 .6
- 0 .7
- 2 .3
- 1 .2
1 .8
- 7 .0
1 0 .0
1 2 .3
1 6 .9
1 6 .7
1 2 .5
1 0 .2
6 .4
0 .3
0 .4
- 0 .7
0 .5
3 .1
- 0 .7
6 .0
1
iti
i
16.5
14.1
OD
¿58 . 9
3-84
4-84
6 4 9 .9
6 3 8 .2
- 7 .0
655 .6
6 4 3 .8
6 5 3 .2
1-86
1 0 .7
1 2 .8
17.2
1 7 .0
1 3 .2
1 1.2
7 .8
2 .6
3 .0
2 .5
4 .2
7 .2
5 .8
1 2 .9
2-86
9 .2
1 1 .1
1 4 .9
1 4 .6
1 0 .9
9 .0
5 .8
1 .0
l.l
0 .5
1 .5
3 .3
1 .4
4 .4
3-86
8 .1
9 .8
1 3 .2
1 2 .8
9 .4
7 .5
4 .5
0 .1
0 .1
- 0 .6
0 .1
1 .4
- 0 .5
1 .2
- 0 .4
4-86
6 .8
8 .3
1 1 .4
1 0 .9
7 .6
5 .7
2 .9
- l.l
- 1 .3
- 2 .0
- 1 .6
- 0 .8
- 2 .7
- 1 .8
- 3 .7
1-87
8 .2
9 .6
1 2 .7
1 2 .3
9 .3
7 .6
5 .1
1 .5
1.6
1.2
2 .0
3 .1
2 .0
3 .6
3 .1
2-82... 3-32
4-82
1-83
2-23
3-83
-L-94
2-04
1-95
IN IT IA L
2-15. ?-95
6 8 4 .0
2 0 .2
6 6 4 .7
3 .6 - 1 0 .8
- 9 .3
6 5 1 .3
- 7 .8
6 2 9 .0
-10.6 - 1 0 .5 - 1 3 .0
- 0 .7
1-86
2 .9
8 .7
3 5 .7
3-86
4-86
6 7 8 .9
QUARTER
PREPARED BY FED ERAL RESERVE
MAY 22t 1 9 8 7
16
BANK QF S T . L O U IS .
GOVERNMENT PURCHASES OF GOODS AND S ERV I C ES I N CURRENT DOLLARS
COMPOUWOED ANNUAL RATES OF CHANGE
T ER H IN A L
IN IT IA L
QUARTER
OHARTFR
2-82
3-82
4-82
1-83
2-83
3-8 3
4-83
1-84
2-84
3-84
4-84
1-85
3-85
2-85
4-85
1-86
2-86
3-86
B IL L IO N S OF
DOLLARS
ANNUAL RATES
4-86
6 47 .1
3-32
1 4 .4
4-82
1 5 .3
1 6 .2
1-83
9 .1
6 .6
- 2 .2
2-83
7 .9
5 .8
1 .0
4 .3
3-83
7 .0
5 .2
1 .8
3 .8
3 .3
4-83
5 .3
3 .6
0 .6
1 .6
0 .3
1-84
6 .0
4 .7
2 .5
3 .8
3 .6
3 .7
1 0 .5
2-84
8 .3
7 .4
6 .0
7 .7
0 .6
1 0.4
1 7 .6
2 5 .2
3-84
8 .0
7 .?
6 .0
7 .4
8 .0
9 .3
1 3 .6
1 5 .1
5 .9
4-84
8 .3
7 .6
6 .6
7 .9
8 .5
9 .6
1 2 .9
1 3 .7
8 .4
6 7 1 .8
668. 1
6 7 5 .2
6 8 0 .7
6 76 .1
- 2 .7
6 9 3 .2
7 3 3 .5
743. 8
7 6 3 .4
1 1 .0
777. 3
1-85
8 .?
7 .6
6 .7
7 .9
8 .4
9 .3
1 1 .8
12.1
8 .1
9 .2
7 .5
2-85
8 .5
8 .0
7 .2
8 .3
8 .0
9 .6
1 1 .8
1 2 .0
9 .0
1 0 .0
9 .5
1 1 .4
3-85
9 .1
8 .6
8 .0
9 .1
9 .6
1 0 .4
1 2 .4
1 2 .7
1 0 .4
1 1.5
1 1 .7
1 3 .9
1 6 .3
4-85
9 .4
9 .0
8 .4
9 .4
9 .9
1 0 .7
12» 5
1 2 .8
1 0 .6
1 1 .9
1 2.1
1 3 .7
1 4 .7
1 3 .1
1-86
8 .1
7 .6
7 .0
7 .8
8 .1
8 .6
9 .9
9 .9
7 .8
8 .2
7 .6
7 .6
6 .3
l.t
- 8 .5
2-86
8 .3
7 .9
7 .3
8 .1
8 .4
8 .9
10.1
1 0.1
8 .3
8 .7
8 .3
8 .5
7 .7
5 .0
1 .2
7 9 9 .0
8 2 9 .7
8 5 5 .6
8 36. 7
860.Ô
1 2 .0
8 7 4 .0
7 .8
7 .3
8 .0
8 .3
8 .7
9 .8
9 .7
8 .1
8 .4
8 .0
8 .1
7 .4
5 .3
2 .9
9 .1
6 .3
8 .0
7 .7
7 .1
7 .8
8 .0
8 .4
9 .4
9 .3
7 .8
8 .0
t.t
r .r~
t .r
5 .5
3 .5
7 .8
5 .8
5 .3
1-87
7 .7
7 .4
6 .9
7 .5
7 .7
8 .0
8 .9
8 .7
7 .4
7 .5
7 .1
7 .1
6 .5
4 .7
3 .3
6 .5
4 .8
4 .0
2 .8
2 -8 ?
3-82
4-821
1 —9 3
2-83
3-83
4-83
1-84
2-84
3-84
4-84
1-85
2-85
1-86
2-86
3-86
4-86
IN IT IA L
00
1
8 .2
00
1
<*>
3-86
4-86
8 8 5 .3
891 .4
QUARTER
P R E P A R E D BY FED ER A L R E S E R V E
HAY 22* 1907
BANK OF S T . L O U IS
1
to
________________________________________________________ GOVERNMENT PURCHASES OF GOODS AND S E R V IC E S IN 1962 P P tL A R S __________________________________________________
COMPOUNDED ANNUAL RATES OF CHANGE
___________________________________________ __________________________________________________________________________________________________________________________________ B IL L IO N S OF
T ER H IN A L
I N I T I A L QUARTER
DOLLARS
QUARTER_________________________________________ __________________________________ _______________________________________________________________________________________ ANNUAL RATES
3-06
4-06
2
-86
1-06
4-85
3 —03
1-85
2-85
3-85
4-03
1-84
2-82
3-82
4-82
2-83
3-84
1-83
4-04
6 4 2 .5
3-82
8 .4
4-82
9 .9
1 1 .4
1-83
4 .2
2 .1
—6 .4
6 6 0 .1
¿4 4 . T
6 5 0 .9
2-83
3 .4
1 .7
- 2 .8
l.l
3-03
3 .0
1 .7
- 1 .3
1 .4
1 .7
4-83
1 .3
0 .0
- 2 .7
- 1 .4
- 2 .7
- 6 .0
6 5 3 .6
............... ¿4 2 .2 “
6 5 0 .2
1-84
1 .0
0 .8
- 1 .2
0 .?
- 0 .1
- 1 .0
5 .1
2-04
3 .8
3 .1
1 .8
3 .6
4 .2
5 .0
1 1 .5
1 8 .4
3-84
3 .5
3 .0
1 .0
3 .2
3 .7
4 .2
0 .1
9 .7
1 .7
4-84
3 .8
3 .3
2 .4
3 .7
4 .1
4 .6
7 .7
8 .6
4 .0
6 .3
¿7 0 .2
¿ 8 1 .0
6 9 1 .5
¿4 5 .3
1-85
3 .7
3 .2
2 .3
3 .5
3 .8
4 .2
6 .6
6 .9
3 .4
4 .2
2 .2
2-05
4 .0
3 .6
2 .9
3 .9
4 .3
4 .7
6 .7
7 .1
4 .4
5 .4
4 .9
7 .7
3-05
4 .7
4 .4
3 .0
4 .9
5 .3
5 .0
7 .7
8 .2
6 .3
7 .5
7 .8
1 0 .0
1 3 .9
4-05
5 .1
4 .8
4 .3
5 .4
5 .0
6 .3
0 .0
8 .5
6 .9
0 .0
0 .4
1 0 .5
1 1 .9
1 0 .0
1-06
3 .8
3 .5
2 .9
3 .8
4 .0
4 .2
5 .6
5 .6
3 .9
4 .3
3 .9
4 .3
3 .2
- 1 .0
- 1 2 .3
4 .5
4 .7
4 .6
5 .0
4 .0
5 .4
4 .0
1 .9
- 1 .9
9 .t
7 .1
2-86
4 .2
3 .9
3 .4
4 .2
6 .0
6 .1
7 0 8 .3
■
_ 749.4
3-86
4 .2
4 .0
3 .5
4 .2
4 .5
4 .7
5 .0
5 .9
4 .6
5 .0
4 .0
5 .2
4 .7
2 .5
0 .2
4-06
4 .6
4 .3
3 .9
4 .6
4 .9
5 .1
6 .2
6 .3
5 .2
5 .6
5 .5
5 .9
5 .7
4 .1
2 .f
1-07
3 .9
3 .7
3 .2
3 .9
4 .0
4 .2
5 .1
5 .1
4 .0
4 .2
4 .0
4 .2
3 .7
2 .1
Ô .4"
_ J- 9 4
3-04
4-04 J L - 9 *
2-8?
_2r&2
-
3-12
_
4-02
1-13 -2-93 .3.-93 _ i - 9 ?
IN IT IA L
.
3-05
"“ 75t .0 ”
4—05
7 2 5 .2
742.2
' 75Ó.4
4 .5
749.3
7 .4
10.5
4 .Ï
2 .3
1 .3
- 7 .1
1-06
2-06
3-86
4 -8 6
755.2
QUARTER
PREPARED BY FED ER AL
Ha y 2 2 * 1 4 0 7
17
R E S E R V E BANK O F S T . L O U IS
d is p o s a b l e
per so n a l
in c o m e
in
curren t
d o llars
_______ COMPOUNOEP ANNUAL RATES OF CHANGE__________
IN IT IA L
TERM INAL
QUARTER
2-82
3-82
6 .7
4-82
6*9
3-82
4-82
1-83
2-83
3-83
4-83
1-84
2-84
B IL L IO N S Of
DOLLARS
ANNUAL RATES
QUARTER
3-84
4-84
1-85
2-85
3-85
4-85
1-86
2-86
3-86
4-86
2 .2 7 8 .6
7 .1
2 *3 1 8 .1
2 *3 4 5 .7
1-83
6 .2
6 .0
4 .8
2-83
6 .0
6 .9
6 .8
8 .7
3-83
7*1
7 .2
7 .3
8 .5
8 .2
4-83
8*3
0 .7
9. 1
1 0 .5
1 1 .4
1 4 .6
1-84
9*1
9 .6
1 0 .0
I 1 .4
1 2 .3
1 4 .4
14.1
2-84
8 .6
8 .9
9 .2
1 0 .1
1 0 .5
1 1.2
9 .6
5 .2
3-84
8 .5
8 .7
9 .0
9 .7
9 .8
1 0.3
8 .8
6 .3
6 .0
6 .4
5 .4
2 *3 9 5 .4
2 * 4 4 3 .2
2 * 5 2 7 .9
2 *6 1 2 .7
2 *6 4 6 .3
7.4
2 *6 9 3 .8
8 .5
9 .0
9 .1
9 .3
7 .8
7 .9
8 .0
8 .4
8 .3
8 .3
7 .1
5 .5
5 .5
4 .6
3 .8
8 .2
8 .4
8 .5
8 .9
8 .9
9 .0
8.1
7 .0
7 .4
7 .4
8 .4
1 3 .2
3-85
7 .5
7 .5
7 .6
7 .8
7 .7
7. 7
6 .7
5 .5
5 .6
5 .1
5 .0
5 .6
IT
<r
2 *7 2 9 .6
8 .4
8 .0
7 .4
7 .5
7 .5
7 .8
7 .7
7 .6
6 .8
5 .8
5 .9
5 .6
5 .6
6 .2
2 .8
7. 3
7 .5
7 .5
7 .5
7 .8
7 .7
7 .6
6 .9
6 . 0
6 .1
5 .9
6 .0
6 .5
4 .4
7 .4
7 .5
2-86
7 .4
7 .4
7 .4
7 .6
7 .5
7 .5
6 .8
6 .0
6.1
5 .9
6 .0
6 .4
4 .8
7 .0
6 .8
6 .0
3-86
6 .9
6 .9
6 .9
7 .1
6 .9
6 .8
6 .2
5 .4
5 .4
5 .2
5 .1
5 .4
3 .9
5 .2
4 .5
3.1
4-86
6 . 6
6 . 6
6 .6
6 .7
6 .6
6 .4
5 .8
5 .1
5 .0
4 .8
4 .7
4 .8
3 .5
4 .5
3 .8
2 .6
1 .0
1 .8
1-87
6 .7
6 .7
6 .7
6 . 8
6 .7
6 .6
6 .0
5 .3
5 .3
5 .1
5 .1
5 .3
4 .2
5. 1
4 .7
4 .0
3 .4
5 .0
8 .3
2-82
3-82
4-82
2-83
3-83
4-83
1-84
2-84
3-84
4-84
1-85
2-85
4-85
1-86
2-86
3-86
4-86
4-84
8 .2
1-85
2-85
1
1 - 8 6
1-83
2 *7 5 5 .4
2 *8 4 2 .3
2 *8 3 2 .0
- 1 .4
Î-Ô 5
2 * 8 8 2 .2
2 *9 3 5 .1
2 *9 7 8 .5
2 * 9 7 9 .9
0 . 2
2 *9 9 3 .0
3 *05 3.1
INITIAL QUARTE R
PREPARED BY FEDERAL RESERVE BANK OF S T ^ IT JU IS
NAY 2 2 ,
1987
D IS P O S A B L E PERSONAL INCOME IN 1983 DOLLARS
COMPOUNDED ANNUAL RATES OF CHANGE_______
IN IT IA L
TERM INAL
QUARTER
2-82
3-82
0 .4
4-82
1 .3
3-82
4-82
1-83
2-83
3-83
4-83
1-84
2-84
B IL L IO N S OF
DOLLARS
ANNUAL RATES
QUARTER
3-84
4-84
1-85
2-85
3-85
1-86
2-86
3-86
4-86
2 * 2 6 3 .4
2 *2 7 6 .1
2 .3
2 *2 8 8 .4
1-83
1 .6
2 .2
2 .2
2-83
2 .2
2 .8
3. 1
4 .0
3-83
2 .6
3 .2
3 .5
4 .1
4-83
3 .8
4 .5
5. 1
6. 1
7 .2
1 0 .2
1-84
4 .6
5 .3
6 .0
6 .9
7 .9
9 .8
9 .4
2-84
4 .3
4 .9
5 .3
6 .0
6 .5
7 .2
5 .7
2 .2
3-84
4 .2
4 .7
5. 1
5 .6
5 .9
6 .3
5 .0
2 .9
3 .6
4-84
4 .0
4 .4
4 .7
5 .0
5 .2
5 .4
4 .2
2 .5
2 .7
1 .8
1-85
3 .7
4 .0
4 .2
4 .4
4 .5
4 .5
3 .4
2 .0
1 .9
l.l
0 .4
2-85
4.1
4 .4
4 .7
4 .9
5 .1
5 .2
4 .4
3 .4
3 .7
3 .7
4 .7
9 .1
3-85
3 .5
3 .7
3 .8
4 .0
4 .0
4 .0
3.1
2 .1
2.1
1 .7
1 .7
2 .3
- 4 .0
3 .4
3 .6
3 .7
3 .9
3 .9
3 .8
3 .0
2 .2
2 .2
1 .9
1 .9
2 .4
- 0 .8
2 .6
4-85
4-85
2 *3 1 1 .1
2 *3 3 5 .4
4 .3
2 *3 9 2 .7
2 ,4 4 6 .9
2 *4 6 0 .3
2 * 4 8 1 .9
2 *4 9 3 .1
2 * 4 9 5 .7
2 *5 5 0 .8
2 *5 2 4 .7
2 ,5 4 0 .7
1-86
3 .6
3 .8
3 .9
4 .1
4 .1
4 .1
3 .4
2 .7
2 .0
2 .6
2 .8
3 .4
1 .6
4 .5
6 .5
2-86
3 .8
4 .0
4 .2
4 .3
4 .3
4 .4
3 .8
3 .2
3 .3
3 .3
3 .5
4 .1
2 .9
5 .4
6 .8
3 .8
3 .8
3 .7
3.1
2 .5
2 .6
2 .5
2 .6
3 .6
4-86
3.1
3 .3
3 .3
3 .4
3 .4
3 .3
2 .7
2 .2
2 .2
1-87
3 .1
3 .2
3 .3
3 .4
3 .3
3 .2
2 .7
2 .2
2 .2
2-82
3-82
4-82
1-83
2-03
3-83
4-83
1-84
2-84
3-64
2 .9
1 .7
3 .2
3 .4
1 .9
2 * 6 0 5 .5
2 *5 9 5 .4
o
rg
3*4
2 * 6 2 5 .7
- 3 .0
O
rg
3-86
3 .7
2 * 5 8 1 .2
7.1
2 .3
1.2
2 .2
2 .2
0 .7
- 2 .3
- 1 .5
2 .1
2 .1
2 .3
1 .4
2 .3
2 .2
1 .2
- 0 .7
0 .5
2 .6
4-04
1-85
2-85
3-85
4-85
1-86
2-86
3-86
4-86
IN IT IA L
2 * 6 1 2 .0
QUARTER
P ftÈPA Rgfr"B Y £ ¿O ÉR A L
NAY 22* 1987
18
R É*g *V ¿
feA NX. OP S T r T O U T T
CD
1
O'
CORPORATE P R O F IT S A FTER T A X E S*
j ^HPQ UHDED ANMJAL RATES OF CHANGE_______________________________________________________________________
B IL L IO N S Of
TERMINAL __________________________________________________________________ I NI TIAL QVART5R_______ __________________________ _________________________ ____________QQLLARS
ANNUAL R A T ES
QUARTER
»- 8 6
2-86
3-86
2-82
3-ft?
»-8 5
2-83
3-83
»-83 _L-8 »
2-8»
2-85
»-82
1-83
3-8»
»-8»
1-85
3-85
.
.
1*1
1 0 7 .3
*-8?
-5 .Q
10». 3
1-93
»*5
2-92
- 1 0 .7
1 1 0 .6
6 .2
2 6 .»
2» . T
» 7 .3
7 1 .7
3 1 .»
» 9 .5
6 2 .5
? 6 .1
3 7.5
» 1 .»
2 8 .3
7 .0
2 3 .0
3 1 .2
3 2 .»
2 1 .»
7 .8
8 .6
2» . 1
1 » .»
3 .6
2 .0
! » •7
5 .8
- 3 .7
- 7 .0
- 1 » .0
- 2 2 .6
1 3 .»
1 1 .6
3 .9
- 3 .9
- 6 .5
- 1 1 .0
—I » . 2
8 .8
6 .7
- 0 .3
- 7 .2
- 9 .8
- 1 3 .9 - 1 6 .9 - 1 3 .9 - 2 2 .1
2-83
.1 8 .3
3-83
2 » .7
»-83
2 1 .6
1-9»
1 0.6
2-8»
1 6 .3
1 8 .7
2 » .»
3-8»
11 .2
1 2 .5
1 6.3
»-8 »
9 .5
1 0 .»
1-85
6. 1
6 .6
1 2 6 .6
i» l.0
5 3 .9
I »3 •»
l» 6 .»
1 » » .8
- » .3
1 35 .8
13 » . 1
- » .9
1 26 .0
126 .7
2-85
5 .8
6 .2
8.1
6 .2
0 .0
- 5 .9
- 7 .9
- 1 0 .9
- 1 2 .5
- 8 .8
- 1 0 .7
2 .2
3-85
7 .0
7 .5
9 .»
7 .8
2 .»
- 2 .7
- » .0
- 6 .0
- 6 .3
- 1 .8
- 0 .7
1 2.1
2 2 .9
»-8 5
7 .9
9 .»
10 .2
8 .8
3 .9
- 0 .5
- 1 .»
- 2 .8
- 2 .5
2 .1
» .0
I» .»
2 1 .1
1-86
»? 7
» .9
6 .2
» .7
0. 1
- » .1
- 5 .3
- 6 .9
- 7 .3
- » .»
- » .3
0 .7
0 .2
- 9 .5
- 3 1 .3
2-86
» *7
5*0
6*2
» .8
0 .6
- 3 .2
- » .2
- 5 .5
- 5 .7
- 3 .0
- 2 .7
1 .8
1 .7
- » .6
—1» . 6
6 .1
7 .3
6 .1
2 .2
- 1 .2
- 1 .9
- 2 .9
- 2 .8
0 .0
0 .8
5 .2
5 .8
1 .9
- 3 .3
1» . 7
2 3 .9
1 3 3 .»
1 3 9 .»
1 9 .2
1 26 .9
1 28 .8
5 .8
»-8 6
6 .9
7 .3
8 .5
7 .»
3 .9
0 .6
0 .3
- 0 .5
- 0 .1
2 .8
3 .8
8 .1
9 .2
6 .6
3 .7
1 8 .9
2 5 .9
2 7 .8
1-87
5 .3
5 .5
6 .6
5 .»
2 .0
- 0 .9
- 1 .5
- 2 .3
- 2 .1
0 .2
0 .8
» .1
» .»
1 .6
- 1 .6
7 .6
8 .2
1 .0
- 2 0 .1
2-82
3-82
»-82
1-83
2-83
3-83
»-83
1-8»
2 -8»
3-8»
»-8»
1-85
2-85
3-85
»-85
1-86
2-86
3-86
»-86
1
fn
vO
CD
1 3 5 .9
6 .1
in it ia l
1 » 4 .5
q uarter
» NATIONAL INC OWE B A S IS __________________________________________________________________________________________________________________________________________________
P- P R E L IM IN A R Y
P R E P A R E D BY fE D E R A L
MAY 22 * 1987
RESERVE
BANK OF S T .
HISTORICAL SOURCES OF
NATIONAL INCOME AND PRODUCT ACCOUNTS DATA
Estimates for the series in the regular quarterly presentation
of NIPA tables for 1983-85 are published in the July 1986 Survey of
Current Business* Estimates for NIPA series for 1929-82 are
published in The National Income and Product Accounts of the United
States, 1929-82; Statistical Tables*
For further information and prices, write to the National
Income and Wealth Division (BE-54), Bureau of Economic Analysis,
U.S. Department of Commerce, Washington, D.C. 20230.
19
1 3 6 .6P
I N V E N T O R I E S COMPARED W I T H MONTHLY SALES
MANUFACTURING
AND
TRADE
SEASONALLY ADJUSTED
SOURCE:
" B E G I N N I N G . IN
1982,
INVENTORY DATA REFLECT CHAN6ES
U.S.DEPARTMENT OF COMMERCE
IN ESTIMATION PROCEDURES.
SHADED AREAS REPRESENT PERIODS OF B U S IN E S S R EC E S SIO N S .
LATEST DATA PLOTTEDt
MARCH PRELIMIN ARY
PREPARED BY FEDERAL RESERVE BANK OF ST.
20
LOUIS
@FedFRASER