Full text of National Economic Trends : November 1971
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n n n o n n L Economic
PREPARED
MONTH ENDING :
BY
O c t o b e r 3 1 , 1971
FEDERAL
RESERVE
BANK
treiids
OF
ST. LOUIS
RELEASED:
N o ve m b e r 2 3 , 1971
E c o n o m ic a c t i v i t y c o n t i n u e d t o a d v a n c e a t a m o d e r a t e p a c e
i n th e t h i r d q u a r t e r .
T o t a l s p e n d in g ro se a t a 7 p e r c e n t a n n u a l
r a t e fr o m th e s e c o n d t o th e t h i r d q u a r t e r o f 1 9 7 1 , co m p a re d w i t h
a 7.7 p e r c e n t i n c r e a s e i n th e p r e v i o u s y e a r .
F in a l s a le s , th a t
i s t o t a l s p e n d i n g a d j u s t e d f o r c h a n g e s i n th e r a t e o f i n v e n t o r y
a c c u m u la t io n , i n c r e a s e d a t an 8.9 p e r c e n t r a t e fro m th e s e c o n d
t o th e t h i r d q u a r t e r o f 1 9 7 1 .
R e a l p r o d u c t r o s e a t a 3.9 p e r c e n t
a n n u a l r a t e fro m th e s e c o n d t o th e t h i r d q u a r t e r o f 1 9 7 1 , co m p a re d
w i t h a 2.4 p e r c e n t i n c r e a s e i n th e p r e v i o u s y e a r .
The m o s t r a p i d i n c r e a s e s i n t o t a l s p e n d i n g s i n c e e a r l y
t h i s y e a r h a v e b e e n i n th e p r i v a t e s e c t o r o f th e e con om y.
S in c e
th e f i r s t q u a r t e r o f 1 9 7 1 , p e r s o n a l c o n s u m p t io n e x p e n d i t u r e s h a v e
i n c r e a s e d a t an 8 . 8 p e r c e n t a n n u a l r a t e , c o m p a re d t o a 6.7 p e r
c e n t i n c r e a s e i n th e p r e v i o u s y e a r .
G r o s s p r iv a t e d o m e s tic i n v e s t
m ent h a s i n c r e a s e d a t a 14.1 p e r c e n t a n n u a l r a t e s i n c e th e f i r s t
q u a r t e r o f 1 9 7 1 , co m p a re d w i t h a 9.6 p e r c e n t i n c r e a s e i n th e
p r e v io u s y e a r .
M uch o f th e in v e s t m e n t r e b o u n d r e f l e c t s s t r o n g
g a in s i n r e s id e n t i a l c o n s t r u c t io n a c t i v i t y .
G o v e rn m e n t p u r c h a s e s
o f g o o d s and s e r v i c e s h a v e i n c r e a s e d a t a 5.3 p e r c e n t a n n u a l r a t e
s i n c e e a r l y 1 9 7 1 ; s t a t e and l o c a l g o v e r n m e n t s p e n d i n g i n c r e a s e d
a t an 8.2 p e r c e n t a n n u a l r a t e a n d F e d e r a l G o v e rn m e n t p u r c h a s e s
a t a 1.5 p e r c e n t r a t e fro m th e f i r s t q u a r t e r o f 1971 t o th e t h i r d
q u a rte r.
R e c e n t d a t a on p r i c e s a p p e a r t o r e f l e c t i n p a r t th e
im p a c t o f th e w a g e - p r i c e f r e e z e .
The i m p l i c i t p r i c e d e f l a t o r
r o s e a t a 2.9 p e r c e n t a n n u a l r a t e fro m th e s e c o n d t o th e t h i r d
q u a r t e r o f 1 9 7 1 , co m p a re d w i t h a 5.2 p e r c e n t i n c r e a s e i n th e
p r e v io u s y e a r .
The c o n su m e r p r i c e in d e x r o s e a t a 2 p e r c e n t
a n n u a l r a t e fro m A u g u s t t o O c t o b e r 1 9 7 1 , a f t e r i n c r e a s i n g 4.5
p e r c e n t i n th e y e a r e n d in g i n A u g u s t .
W h o le s a le p r i c e s o f
i n d u s t r i a l c o m m o d it ie s d e c l i n e d a t a 0.5 p e r c e n t a n n u a l r a t e
fro m A u g u s t t o O c t o b e r o f 1 9 7 1 , co m p a re d t o a 4.4 p e r c e n t i n
c r e a s e i n th e p r e v i o u s y e a r .
2
TOTAL C I V I L I A N FMPLOYKENT
COMPOUNDED ANNUAL RATES. OF CHANGE
TERMINAL
MONTH
I N I U A k MONTH__
3-70
4- 70
5-70
6-70
7-70
8-70
9 - 7 0 1 0 - 70 11- 70 12- 70
1- 71
THOUSANDS
"OF PERSONS
________ _________
2-71
3- 71
4-71
5-71
6-71
7- 7 1
8-71
9-7L
-U 3
78, 886
*- 70
-2.8
____ 78*601
6-70
-3.4
-4.4
7 - 7 0 ___ - 1 * 5
“ 1*6
4.-70
-6.3..
____- 1 . 2
1.6
- 1 >?
-0.5
l ^ O
-0.6
“ 0 . 5 ___0 . 3
1 1 - 70
-0.8
r0.7
■1Ü-7Q___rJLt.IL1-71
-0«_2
2- 71
-0,6 .
JL.A_ _
78, î>5C
0.2
. 0.5
-2.1
0*8
7.0ai.
0*6
-0.3
-Ot2
_.Q.vl
- It 7
- j y3
-Q .0_
0*5
U2__iU7
, i a
1.5
0.9
2.4
-
..... •0, 1.
-0
Jb JL_
JfcdJ___ r.Q«.aL.
^
juL ,
M
Q t?
-O f 2
jl Z
0*5
_JJL*!L__tt*6-___ Qj J L
— Qt2
- 0*2. ....- Q « l
.„û*8„ - 1 . X .
5-70
. 0,9
6-70
7-70
8-70
6*3
____
78, 864
_____
78 , 537
78. 475
___ Qt-L..-^*.g...-rPjt5L
78t 608
QU.C..... 0 . 5 . „ ..Q m± — z4 m ___ _ U 2 ____ i *5_
0.6
- Q t l___- 0 . 5
. 1* 5____ L . 6
78, 463
0..6 . -0_, \__ .. Q ± 6 ... _-_4_. 9_________
d h U ..-T.P-f 7.
_ CL » 6- ___ SL.2____ Q jtA ____flL*5
Jh JL
4-70
-O f I
78, 691
3 . 3 ................ .............
0 .1
5- 71
3- 70
0.6
78 , 479
-o«4
-
.- £*1. . -0*2.
0.7
O f 9 ... - 0 t 7
1.5
78 , 508
1 .0
0 .8
4- 71
10- 71
-
-O.i
-0,.t6
- i l l i ____
78j 574
- 0 ^ 2 ____6*3 _
. 8- 70___ - 1 . 4 . - I - A
- 1 -1 0
78, 299
■dbS
1,5
1..0 „
l t 5 _ . 0 Jt4..__2.t 2
-C.2
-0.1
. 1*8
2.1
9 - 7 0 10 - 73 1 1 - 70 12- 70
-1.3
-0.4
-0.7
—1^9
. . .2*9
L*Z_.J
1- 71
2- 71
78, 961
_ 3 . 8 ___4 . 1 .
3- 7 1
4-71
-7.6
2 , 7 ___ 5*5-------- Okp.l. .
5-71
6-71
7-71
5.à Q.
4 .9
8-71
9- 7 1
79*845
I N I T I A L MONTH
PAYROtL EMPLOYMENT
COMPOUNDED.. ANNUAL R„A.TES .OF CHANGE
PREPARED BY FEOERAL RESERVE BANK OF S T . LOUI S
NOVEMBER 5 , 1971
THOUSANDS
OF PERSONS
I N I T I A L MONTH
ro,9Ct*>
70
9- 70 10- 70 I 1- 70 12-70
1- 71
2- 7 1
3-71
4- 71
5-71
6-71
7-71
3- 7 1
9- 71
IN IT IA L MONTH
P - PRELIMINARY
PREPARED ftY FEDERAL RESERVE R**jK OF S T . IGU* •;
NOVEMBER 5 , 1971
3
EMPLOYMENT
RATIO
RATIO
SCALE
MILLIONS
OF
PERSONS
MILLIONS
S E A S O N A L L Y AD J U S T E D
OF
SCALE
PERSONS
90
80
70
60
50
1963
1964
1965
1966
1967
1968
1969
SOURCEt
PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR P E R I O D S
LATEST DATA PLOTTEDi
1970
1971
U . S. DE P A R T M E N T OF LABOR
I ND I C A T E D .
0CT01ER P R E L I M I N A R Y
PREPARED BY FEDERAL RESERVE BANK OF ST.
LOUtS
4
INDUSTRIAL PRODUCTION
______________________________________________________________ COMPOUNDED ANNUAL RATES OF CHANGE________________________________________________________________
i
o
TERMINAL________________________________________________________________ I N I T I A L MONTH______________________________________________________ ___________ 1967 • 100
MONTH
3- 70
4- 70
6- 70
7- 70
8- 70 9- 70 10- TO 11- 7C 12- 7 C 1-71
2-71
3- 71
4-71
5- 71
6- 71
7-71
8- 71
9- 71
4- 7C
-l.l
5- 70
-0.4
0. 0
6-7.)
•">. J
0. 6
1.1
WO
-0.3
o. c
G. w
-l.l
_d—7y__ - 0 . 2
0. c
O. C
-0.6
107. 5
107. 5
107. 6
- 2 . •)
-2.2
- ?.
1C-7C
-6. 1
-6.9
-6.3
11-70
-ft. 9
-7.7
-3.9 - l J . d
12- 70
9 -7 0
107. 5
107. 5
f' . J
-5.5 -IC .6
106. 5
-10. 5 - 13 .4 - 19. 4 - 27 .4
103. 7
-4.C
102. 6
-13.1 -17.0 -20.1 -12.0
-3.7
-4.C
-4.6
-5.5
-6.4
-7.9
-6.9
5. ?
26.1
r \
1-71
- 2 . ft
-2.7
-3.1
-3.6
-4.1
- 4 . t)
-3.3
6. 3
16. 9
8. 3
2-71
-1.9
-2.0
-2.2
-2.0
-2.)
-3.3
-1.8
5. 9
12.6
6. 5
3-71
- ? . .3
-?.o
-2.2
-2.6
-2.3
-3.2
-1.9
4. 2
P. 7
3. 5
104. 6
V
X
1QS*.3
105. 5
-2.2
^ + 2.0 %
106. 2
4- 71
-1.2
-1.2
-1.3
- 1 .6
-1.6
-1.«
-0.5
4. 9
8. 6
4. 7
3. 5
2. 9
3. 3
5-71
-n.5
-0.4
-->.5
— *•. 6
-0 . 6
-0.6
0. 7
5. 5
8. 3
5. 6
4.9
5. 0
8. 8
W 1
-0.3
-0.2
—iJ . 3
-U.4
— ü •3
-0.3
o. q
5. 1
7. 8
5.C»
4.4
4. 3
6. 6
5. 8
7-71
-1.0
-1. J
-1.1
-1.3
-1.3
-1.4
-0.5
3. 1
6. 2
2. 5
1. 5
0. 9
1. 7
-0.4
-4.9 -11.6
1 0 . 7 . . 0 ............
9.4
2.3
107.2
\
106.1
9-71
-1.5
-1.5
-1.6
-1.8
-1.9
-2.0
-1.2
1. 9
3. 5
1.0
0. 0
-0.8
-0.5
-2.5
- 6 . 2 -10.2
9-71
- 0.9
-u.9
- 1 .C
-1.1
-l.l
-1.2
-0.4
2. 5
4. 1
1.9
1.1
0.6
1.1
-0.2
-2.5
-4.0
0. 0
9.5
1C-71
-•3.3
-v.7
-0.3
-0. i
.9
-1.0
-0.2
2. 5
3. 9
2. 0
1. 3
0.9
1. 3
0. 2
-1.6
-2.5
0. 8
5. 8
2. 3
3- 7 j
4- 7u
5- 70
'WO
7- 70
B-7'1
9- 70 10 - 7 »: 11-7U l ? - 7 0
1-71
? - 71
3- 71
4- 71
5- 71
6- 71
7- 71
8- 71
9- 71
INITIAL
-3.7
.........ua.ik.3...........
1 0 6 . IP
1A6 *1P
MONTH
P- P«fcLIMINARY
...............
105. 7
PREPARED BY FEOERAL RE-SERVE BANK OF S T . LOUIS
NOVEMBER 17, 1971
5
INDUSTRIAL
RATIO
PRODUCTION
SCALE
1967-100
RATIO
SEASONALLY ADJUSTED
PERCENTAGES ARE ANNUAL RAT£$ OF CHANGE FOR P E R I O D S
LATEST DATA PLOTTED«
SCALE
1967-100
INDICATED.
OCTOtcP P R E L I M I N A R Y
PREPARED BY FEDERAL RESERVE BANK OF ST.
LOUIS
RETAI L SALES
COMPOUNPEP ANNUAL RATES OF CHANGE
M ILLIONS OF
DOLLARS
IN IT IA L MONTH
TERMINAL
2- 7 0
3- 70
4-70
5- 70
6- 7 0
7-70
8-70
9- 7 0 10- 70 11- 70 12- 7C
1- 71
2- 71
3- 71
4-71
5- 71
6- 71
7- 71
8- 71
3- 70
4 - 70
5- 70
(MMipb twing iwitid|
6-70
7- 7 0
0-7C
31.951
10- 7 C
8. 3
10» 7
7. 2
11~70
5. 3
7. 5
4.2
5. 2____6 t j
12- 70
7. 2
6.1
7.2
8. 3
1-71
8. 4
10.1
7. 7
8.9
10. 2
10. 4
.Z z l l
9. 6
U.2
q.2
10. 4
11. 7
12. 1___L2jl2____« 9
3-71
10. 1
11. 7
9. 8
1 1 . 0 , 12. 2
4-71
10.?
11. 6
10. 0
U .l
8. 9
9. 8
<?.2
10.0
J ± l i ___ L i
9.0
11. 2
12. 1
31. 621
17. 5 - 1 1 . 7
Jgt §____fr,7 - » ■ «
12. 2
3L.2
-iUZfiL.
-» U .
8. 3 ____9^9— z 2 -»Ji ____2» 7
£. 7
Utl
3UIM -
?0»0
21. 0
¿lt<>
32,290_
21«-9_
22»4,
tttSL
3.3 , 2 74_
12. 7
14. 3
8 . 5___j 3 ,t p
gOA3,
2Qj_ 5_.
19*7----- I 6 t 6 -
12.1
12. 5
13. 9
8.9
12. 9
18. 5
18. 2
16. _9_
10. 7
1C. 9
12. C
7.4
10. 4___j 4 t 7
1?. L.
11*1------A x Z ------- *%2 — Z ̱ .L -
-X
10. 8
11. 0
12. 0
7. S
1C.6
14. 3
13. 4
11. 8____2 ± 2 ___________ 4_t_5___L 2 j J _
_13jt_8£7_
9.6
10. 3
6.6
8. 8
11. 8
10. 6____Ì U3___ Jb±2 ___________ U i ____ 3 «4,
.3 3 1578_
14*1----- U , 5
6- 71
9. S
10. 7
_ZrZL_
8.6
9. 6
6-71
10. 1
11. 2
10.c
1C. 8
11.5
11. 7
12. 6
9.3
11. 6
14. 6
14.Q
1 2 . 9 , 11. 3 , 10*3------- 9 , 9
9- 71
10. 6
11. 6
13. 5
11. 2
12. 0
12. 2
13. 0
10. 0
12. 3
15. 0
14. 5
13. 6
12. 3
11,6___H » 6 — L?t . §- 16,.7
29» X----- I S j J L
2- 70
3- 70
4-70
5- 70
6- 70
7- 7 0
8- 7 0
9 - 7 0 10- 70 U - 7 C
12- 7C
1-71
2- 71
3- 71
7- 71
8. 2____3 , 9...
4- 7 1
jl S
SZ-
13 t M 8
H,5 .
5-71
6- 71
8- 71
I N I T I A L MONTH
P- PRELIMINARY
PREPAREO BY FEDERAL RESERVE BANK OF S T . LOUIS
NOVEMBER 17, 1971
PERSONAL INCOME
COMPCUNPEO ANNUAL RATES OF CHANGE
BÎ LL T ÔNS' ÔF "
DOLLARS
ANNUAL. RATES
I N I T I A L MONTH
MCNTH
4- 70
— 8, 6
6. 2
—4, 8
7- 70
6. 2
-1,3
9- 7 0 10- 70
2. 5
2- 71
3- 71
4- 71
5- 71
6- 71
7- 71
8- 71
9- 71
8 0 1.4
6.0
8 0 5 .3
0, 4
3. 5
5 .8
5 .7
2, 1
4,9
6 .9
7 .4
9 .1
5. 3
1.4
3,5
4,6
4 ,2
3. 5
8 0 9 .0
11- 70
5. 0
1,6
3,4
4 .3
3 .9
3.4
12-7C
5, 4
2. 4
4. 1
4 ,9
4 .7
4 .5
1-71
6. ?
3. 6
5, 3
6 ,2
6 .3
2- 71
6, 1
3 .8 .
5 ,2
6,2
6,0
8 1 4.9
-1 .9
0.6
8 1 3 .6
7t9
5t 7
8. 3
11. 0
14.1
* !?
7, 4
8. 9
9.3
4.7
7. 2
9. 8
3- 71
6,4
4. 3
5, 7
4- 71
6 ,4
4,*»
5, 8
5-7.1
6 ,5
4, 8
6,0
6,6
6.7
6- 71
a .i
6. 6
7.8
8.6
8. 8
9.1
M
7- 71
6,6
5, 0
6, 1
6,6
6,7
6. 8
6.6
7. 5
8- 71
6,9
5 .5
6. 5
7, 0
7,1
7. 2
7.1
8. C
9-71
6, 3
b.5
6.4
6,9
7, 0
7. 1
6.9
7. 8
6 . i>
5. 2
6. 1
6. 7
6.5
7,2
4- 70
5-70
6 ,4
6-70
6 ,0
6. 5
7- 70
8- 70
8 1 5 .7
3,1
5 ,5
6.1
6.6
6.6
6.8
3-7'*'
1-71
8 0 2 .0
6. 1
1C-71
12-70
-0.9
6, 6
8- 70
1
8- 70
o
10. 0
6- 7 0
0
7- 70
o
5- 7 0
1
6- 7C
8 0 8 .0
32. 2
0
5- 70
0
r>1
3- 70
4- 70
8 2 0 .9
8 3 0 .0
83 3.2
7. 9
9. 1
9, 5
7. 7
8 .7
8, *
7.1
8,3
6 ,9
7. 8
8,6
8, 7
7. 4
8.3
7 ,6
8. 3
10. 6
1 } 17
12, 3
12. 0
13. 9
15, 3
19. 7
8.1
8, 1
7, 2
7.7
7. 1
7, 2
6.7 - 14 .0
8. 6
8. 7
7, 9
8. 4
8. 2
8, 5
8. 5
-1.7
12. 4
8. 3
8. 3
7, 6
8. 0
7. 7
7, 9
7. 8
0. 6
8, 9
5.5
7. 6
7. 6
6. 9
7. 1
6.7
6,7
6*4
0. 8
6.2
3.3
1. 1
9- 70 10- 70 11- 70 12- 7C
1-71
2- 71
3- 71
4-71
5- 71
6- 71
7- 71
8- 71
9- 71
M
8 3 9 .7
84 4.4
85 0 .0
32 , 4
670. 1
859, 2
867. 6
8 7 1 . 5P
8 7 2 . 3P
P - PRELIMINARY
PREPARED BY FEDERAL RESERVE BANK OF S T . LOUIS
NOVEMBER 19, 1971
7
RETAIL
RATIO
SALES
SCALE
BILLIONS
RATIO
OF D O L L A R S
BILLIO NS
SEASONAL LY AOJ US T E D
SOURCEi
PERCENTAGES
are
ANNUAL RATES OF CHANCE FOR P E R IO D S
»LATEST DATA PLOTTED«
U .S .
departm ent
of
com merce
IN D IC A T E D .
SEPTEMBER P R E L IM IN A R Y {SA M P LE P R IO R
TO SEPTEMBER
1970 B E IN C R E V IS E D » .
PREPARED BY FEDERAL RESERVE BANK OF ST.
PERSONAL
RATIO
SCALE
TRILLIONS
MONTHLY T O T A L S
OF D O L L A R S
SCALE
OF D O L L A R S
L O U IS
INCOME
AT ANNUAL
RATIO
RATES
SEASONALLY A DJ US T E D
TRILLIONS
SCALE
OF D O L L A R S
1.0
0.
0.9
0.
0.8
0.
0.7
0.
0.6
0 .
0.5
0 .4
SOURCEi
PER9CMTACES ARE ANNUAL RATES OF CHANCE FOR P E R IO D S
LATEST DATA PLOTTED!
U .S .
DEPARTMENT OF COMMERCE
IN D IC A T E D .
OCTOBER P R E L IM IN A R Y
PREPARED BY FEDERAL RESERVE BANK OF ST.
L O U IS
8
GROSS NATIONAL PRODUCT IN CURRENT DOLLARS
COMPOUNDED ANNUAL RATES OF CHANGE ______________________________________________________
-------------------------------------------------------- ,--------------------------------------------------------------------------------------------------------------------- BI LLI ONS OF
1- 67
2- 6 7
3- 67
4- 67
1- 68
2- 68
3- 68
4- 6 8
1- 69
3- 69
2- 69
4-69
0
k
1
4- 66
M
i
O
ANNUAL RATES
QUARTER
3- 7 0
-*- 70
1- 71
2-71
1. 9
774. 4
2-67
3. 6
5. 3
78 4. 5
3- 67
5. 3
7.0
800. 9
4- 6 7
5. 9
7. 2
8. 2
7. 7
8. 5
8.4
9. 2
9.5
10. 4
11. 7
9.3
9. 8
10.1
1-67
1-68
6. 5
2-6B
7.4
8. 5
9. 3
3-68
7. >
8. 5
9. 1
815. 9
7. 7
8 34. 0
8 5 7. 4
8. 6
875. 2
890. 2
4 - 6 rt
7. 5
8. 3
8. 8
8.8
9. 1
9.1
7. 8
7.0
1-69
7.5
8. 2
8.6
8.6
8. 8
8. 7
7. 7
7.3
7.5
2-69
7. 4
8. 1
8.4
8.4
8è 5
8. 3
7. 5
7. 2
7. 2
3-69
7. 5
8.1
8. 4
8.3
8. 4
8. 3
7. 7
7.4
7. 6
7. 6
8. 2
4-t>9
7.1
7. 6
7. 9
7.8
7. 8
7.6
6.9
6.6
6. 5
6.2
5. 8
9 0 6. 4
9 2 1. 8
7. 0
94 0. 2
rv
94 8. 0
3.4
" -»*4. i y o
956. 0
1-7C
6. 9
7. 3
” .5
7. 3
7. 3
7.1
6. 4
6. 1
5. 9
5. 5
5. 0
3. 4
3.4
?-7l
6. 7
7. 1
7. 3
7. 2
7.1
6. 9
6.3
6. C
5. 8
5. 4
5. 1
4.0
4.4
3-7G
6.7
7.1
7. 2
7. 1
7.C
6. 8
6.3
6. C
5. 9
5. 6
5. 3
4.6
5. 0
5.8
6.3
6. 7
6.8
4.3
4.5
4.2
4-70
6. 4
6.7
6.6
6. 4
5. 9
5. 6
5. 4
4.8
5. 1
9 6 8. 5
5.3
9 8 3. 5
98 8. 4
_ I Q no;
+y.yyo
1-71
6. 3
7. 2
7. 3
7.2
7.1
7. 0
6.5
6.3
6.3
6. 1
6.0
4 .n
L _ _J
5.6
6. 1
6.8
7.3
7. 7
13.8
2-71
7. 0
7. 3
7. 4
7.3
7. 3
7. 1
6.8
6.6
6. 5
6. 4
6. 4
6. 1
6.6
7. 2
7.7
8. 2
11. 4
3-71
7. 0
7. 2
7. 4
7. 3
7. 3
•L.L
6, 8
6.6
6.6
6. 5
6.4
6. 2
6.6
7. 2
7. 6
7. 9
9.9
8.0
N
7.0
4- 66
1-67
2- 67
3- 67
4- 6 7
1- 68
2- 68
3- 68
4- 68
l-e>9
2- 6 9
3- 69
4- 6 9
1- 70
2- 7 C
3- 7 0
4- 7 0
1- 71
2- 71
2.oV
1» 0 2 0 . 8
1 . 0 43. 1
9 .0 ^ ^
1,060.8
I N I T I A L QUARTER
..... .................. .....................
p r e p a r e !) b y ..R d l R A L
NOVEMBER 19, 1971
GROSS NATIONAL PRODUCT IN CONSTANT 1958 DOCTORS
COMPOUNDED ANNUAL RATES OF CHANGE
INITIAI
TERMINAL
QUARTER
4- 66
1- 67
2- 67
3- 67
4- 67
1- 68
2- 68
3- 68
4- 68
r e Sé r v e
"S ank OP 5 T . " V ô u r s
1- 69
2- 6 9
..........
BI LLI ONS OF
DOLLARS
ANNUAL RAtES
QUARTER
3- 69
4-69
1- 70
2-70
3- 70
*
i
o
..... ................ ............
1- 71
2- 71
666. 6
1-67
-0.9
2- 67
1.1
3. 0
671. 6
3- 67
2. 2
3. 7
4. 4
4- 6 7
?.i
3. 4
3. 6
2. 8
678. 9
1- 68
2. 9
3. 9
4. 2
4. 1
5, 4
683. 6
692. 6
2-08
3.7
4, 6
5. 0
5. 2
6.4 _
3- 68
3. 7
4. 5
4. 8
4.9
5. 6
5t8
„4.0
4- 68
3.6
4. 2
4, 4
4*4
4. 8
4.6
3. 2
2.4
7 0 5. 3
71 2. 3
716. 5
1- 69
3. 5
4. C
4.2
4. 1
4. 4
4.2
3.1
2. 6
2. 8
2- 69
3. 3
3. 8
3. 8
3. 8
3. 9
3. 6
2. 7
2.2
2. 2
1. 6
3- 69
3. 2
3.6_
3. 6
3. 5
3. 6
?*4
2. 5
2.2
2. 1
If*
72 1. 4
724. 2
727. 8
2 , 0 jr s .
4- 69
2. 8
3. 1
3. 1
3. 0
3. 0
2t7
1. 9
1. 4
1. 2
1-7C
2. 3
2.6
2. 6
2.4
2. 3
1|9
1. 2 ... 0 . 7
C. 4
-0.2
-0.8
-2.2
-2.9
?- 70
2. 2
2.4
2. 4
2. 2
2. 2
It?
1.1
0.7
C. 4
-0.0
-0.4
-1,2
-1 .1
3- 70
. 2. 1
2.4
2. 3
2. 1
2. 1
1,7
1. 1
o.a_
C. 5
Pt2
-0.1
-Çf*
...
4- 70
1. 7
1. 9
1.8
1. 6
1. 6
1. 2
0.6
0.2
-c.o
-0.4
-C.8
-1,3
-it 3
-0.7
It?
1. 2
l.C
0.8
0.6
0. 4
0,2
0. 5
1. 4
1.6
1.8
' 7. 9
1.5
1. 3
1. 2
l.o
1. 0
0.8
1. 2
2. 1
2.4
2. 8
6.4
4 . 9 SV W
I . *5
1. 5
1. 3
1. 3
1. 2
1. 6
2.4
2.7
3. 1
5. 6
4.4
3.91
745. 5
'
.............1 ................................
4- 68
1- 69
2- 6 9
3- 6 9
4-69
1- 70
2- 7 C
3- 70
4- 7 0
1-71
2.1
2.3
2. 2
2. 1 ...2. 0
2- 71
2. 2
2.4
2. 4
2. 3
2. 2
3-71
2. 3
2. 5
2. 5
2. 4
2. 3
2. 1
1. 7
4 - 66
1- 67
2- 67
3- 67
4-67
1- 68
2- 68
3- 68
*>t7
72 5. 2
C. 3 '
"'— 1.3 %
719. 8
o. t
N .
721. 1
72 3. 3
-1.4
-4.0\
729. 7
l-*l
738. 4
2- 71
I N I T I A L QUARTER
PREPARED BY FEDERAL RESERVE BANK OF ST* LOUIS
NOVEMBER 19, 1971
9
DEMAND AND P R OD U C T I O N
RA T I O
SCALE
1963
LLGNP
QUARTERLY
1964
1965
1966
RAT I O
TOTALS AT ANNUAL R A T E S
1967
' N CURRENT DOLLARS.
1968
SOURCE«
1969
U.S.
1970
SCALE
1971
DEPARTMENT OF COMMERCE
I2JBNP ! N 1958 DOLLARS.
PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR P E R I O D S
LATEST DATA PLOTTED«
INDICATED.
3RD QUARTER
PREPARED BY FEDERAL RESERVE BANK OF ST.
LOUIS
10
COMPOUNOEO ANNUAL RATES OF CHANGE
BI LLI ONS OF
DOLLARS
ANNUAL ft ATE S
IN IT IA L QUARTER
4-66
1-67
2-67
3-67
4- 67
1- 68
2- 68
3-68
4- 68
1- 69
2- 6 9
3- 6$
4-69
1- 70
2-70
3- 70
4- 7 0
1- 71
2- 71
780. 0
792. 2
805. 9
8. 8
10.1
3. 7
9.5
13
10.7
8. 9
9. 5
10.3
847. 8
8
867. 5
882. 1
899. 8
3-69
8. 1
8 .1
8.1
8.3
4- 69
7. 1
7. 9
7.9
8.0
3-70
7. 3
4- 7 0
1-71
* .i
7, « , ,h ± ..
7. 2
7. 3
6. 8
6. 6
6. 8
6. 8
6. 3
6,1
7.1
6.7
o.t
0. 3
7. 3
6. 7
6. 6
6. 2
6, 1
5« j
5. 5
6. 9
6. 9
6. 4
6, 2
5, 8 .
5, 7
5, 3
5. 0 _
7.4
7. 4
7. 0
6. 9
6. 6
6, 6
6,3
6, 3
f..7
6, 9
4-68
7,3
7.2
7.3
7. )
7. 0
6. 9
7.4
7.4
7.3
2- 7 1
7.4
7.4
7.4
7. 5
7. 5
7,1
7. 0
6. 7
3-71
7.5
7. 5
7.5
7.5
7. 6
7, 2
7,1
6. 9
1-67
2-67
3-67
4-67
1-68
2- 68
3- 68
6. 6
978. 4
5.1
4, 8
5. 0
4.5
4, 1
3, 8
2.6]
6, 2
6.3
6. 5
7. 1
8. 2 1 14.0
6*5
6. 5
6. 5
6, 6
6. 8
7. 3
8,1
11,0
!.0 \
6, 6
6. 7
6.8
6, 9
7. 1
7, 6
8. 3
I O . 3I
8,4
1- 69
2- 69
4- 69
1- 70
2- 7 0
3- 70
1- 71
5. 2
984. 7
+ 1 0 .3 %
1
p
942. 3
--------------- ----------------------
4. 1
■955.6
0. 0
r. P
I
—
. ’»
r.5
929. 8
6. 0
7. 2
f. H
c-
K.
»
i
7. 7
V*>
! . 'J
iJL-.
7. 8
0
/-ÍÜ
8.5
915. 0
7.A
'C
7. 9
1,017.6
1,037.4
8, 9 I
1, 0 5 9 . 7
2- 71
I NI T I AL QUARTER
PREPARED PY FEOERAL RESERVE BANK OF S T . LOUIS
NOVEMBER 19, 1971
T T n AL SALES IN CONSTANT 1958 DOLLARS
CQMPCUNQCO ANNUAL RATES OF CHANGE
TfcRMlNAL
QLAHTFP
4- 66
1-67
( O '
2- 67
L
1-67
2- 6 7
3- 6 7
4- 07
1- 68
2- 68
3- 68
I NI T I AL QUARTER
ANNUAL RATES
4- 68
1- 69 2- 6 9 3- 69
BI LLI ONS OF
DOLLARS
4- 6 9
1- 70
2- 7 0
3- 70
667. 3
4. 0
670. 6
4- 67
3.8
3. 4
2.1
1-68
5.0
4. 9
4. 6
5, 9
2- 68
4.8
4. 7
4. 4
b, 2
6, 7
3 *H SsNw
3- 68
4,3
4. 8
4. 5
5,?
6, 2
4_,5
4- 68
4.5
4. 4
4. 1
4, 6 _
5, 1
3, 7
3,6
2 , l S .
1- 69
4.4
4. 3
4, 1
4, 4
4. 9
3, 7
3. 7
3. C
2- 69
4, 1
4, 0
3, 8
4,
4, 3
3, 3
3.1
3, 5
?, 6
67 4. 4
690. 0
696. 5
705. 3
709. 0
715. 8
.
71 8. 3
X
3f7
3, 6
3, 3
3, ?
3, 7
2. 7
2, 5
1. 9
l.a
i.. 8
0.?
3, 5
3. 4
3,1
3, 2
3. 3
2. 5
2. 3
1. 7
1.6
C.H
0. 6
1 0.9
1-70
3, 2
3,0
2.A
2,y
2. 9
2. 1
1. 9
1,1
1. ?
C. 5
0, 2
9.3
-0.4 V
2- 7 C
3,Q
2, *
2, 5
2, 6
2, 6
1,9
1.6
1,1
. C. 9
C. 4
0, 1
o.i
-0.3
»0.2
3- 70
2, 8
2. 3
2. 4
2, 4
1.7
1.4 .....l . C
.C.fl .
C. 3
0.1
Vtl
-0.2
-0,0
0.9
- Ot*
-0.5
-0.6
-1.0
-1,2
C, 7
Û. 8
0.«
1.1
1. 5
2. 2
0
3- 69
4- 69
?, 4
2, 2
1, 9
1.9 ...... 1. 9
1,2
2. 7
2, 5
2,3
2, 3
2, 3
1.8
0. 5 . — C » V
1. 2
1.1
718. 6
A XO5L
720. 3
‘
719. 5
719. 1
0.2
7 1 9. 4
-1,7 . - 3 , 6
1
A K OVf
+3,770
712*8
11 8. 3
727. 1
2-71
2, 7
2, 6
2, 4
2.4
2. 4
1. 9
1.7
1.4
1.4
1.1
l.l
lt¿
1.2
1, 6
2. 0
2, 6
5. 9
3.6
3-71
2. 9
2. d
2, 6
2. 6
2. 7
2.2
2. 1
1. 8
1.4
1. 6
1.6
1, 8
1. 9
2. 3
2, 8
3, 4
5,9
4,7
4- 66
1-67
2- 67
3- 67
4- 67
1-6B
2- 68
3-68
4- 68
1- 69
2- 69
3- 69
4- 6 9
1- 70
2- 7 0
3- 70
0
1
1-71
2- 71
657. 5
4.4
X1
1- 71
„ >
3- 67
1-71
4- 70
X
73 3. 5
5 ,^ |
744. 1
2- 71
I NI T I AL QUARTER
PREPARED BY FEOERAL RESERVE BANK OF S T . LOUIS
NOVEMRSft 19, 1971
n
FINAL
SALES
TOTAL SPENDING LESS CHANGES IN B US IN ES S
RATIO
SCALE
1963
QUARTERLY
1964
1965
1966
TOTALS
AT ANNUAL
1967
L A T E S T DATA PLOTTED;
OF CHANGE FOR P E R I O D S
RATIO
RATES
1968
S OURCE:
PER CENT A GES ARE ANNUAL RAT E S
INVENTORIES
1969
U.S.
1970
DEPARTMENT
SCALE
197!
OF COMMERCE
INDICATED.
3RD QUARTER
PREPARED
BY F E D E R A L
RESERVE
S AN K
OF
ST.
LOUIS
12
CONSUMER PRICE INDEX *
ÇQHPOUNPEO ANNUAL RATES OF ÇHANGC
TERMINAL
IN ITIA L
MONTH
, 3-70
4-70
4— 70 — 5^ 70
6- 7Q
7-7Q
8 - 70
9 - 7 0 10- 70 i l - T Q
1967 = IOO
MONTH
12- 70
1- 71
2-71
3- 7 1
4- 71___S ^ X L
feZ- I L — 1=21___8- 7 1
9- 7 1
. 7 . 6 _____________________________________________________________________________ ___________________________________ __________________________ __
5- 7 0
6.5
5. 3
I N I T I A L MONTH
*
NOT SEASONALLY ADJUSTED
PREPARED BY FEDERAL RESERVE BANK OF S T . LOUI S
NOVEMBER 19, 1971
WHOLES AL fc *»KICFS TERMINAL
MCNTH
INDUSTRI AL COMMODITIES *
1967 «
I N I T I A L MONTH
4-7r
>-70
5-70
6- 7. )
7- 7Ü
8- 70
9- 70 1C- 7C 11- 7C 12- 70
1- 71
2- 7 1
3- 7 1
4- 71
5- 7 1
6- 71
7- 71
8-71
109. 3
_ 4-7_C.___ 4 . 1 _
5- 7G
4.5
6- 7 0
3. 3
7- 7C
J L s i. .
109*7
109*8
1. 7
?.. 6
?.2
.2 .*?
. .... Î . 4 . .
2.2
¿. , 4
...i t 45
2 .?
2.-3
J L C - 7 0 ____ 3<8_.
X ir J O
1. 1
'¿ . Z
. P — 7 Ö ......
- 9 -7 0 .,
..3 .X
____ J ^ 3 _
¿ . 2 . ___£±9
12- 7C_____ i * A -
.
2.2
uo.o
1IÛ-A
...............
-HU3L-
_ÌL*J___ l v t - Z3_i_3_____ j t_S_____4_t_l_____ -----------------Q «.V
3,1,1___
_ h J ____ L t J ____ 1 ± 1
J
----3X3. __
___
lJ l
.11.1» 7 .
.
y
.. MJLjCmJL__
3.a .
** § . 3.«4
3.7
3. 9
4.2
4.A
3* 3
4.4
4.4
3. 3
M2.5
3- 71
3. 6
3.5
5. 4
3.7
3^a
4.1
4.4
3. 3
4. 1
4.^
3.3
11 ? . «
4- 71
3.7
J *_7 _
3. 6
3. 8
4. Z
4.2
4.5
î.é
4. 4
4.4
4.0
_2. -71
5- 71
.
6- 71
_.Z-_7L_
8- 71
...
1C-11
3.3
1.7.
-3^«)
4. '
4.3
4 .5.
3. 7
4.4
4.4
4.1
3. 7
3.6
3. 5
3*7
3. 9
4.r
4. 2
3. 5
4.C
4. ì
1. 7
3.«
3. Ó
3. 7
3. 9
4. 1
4. 3
4. 5
Î.Ç _
4.3
4.3
4. 1
B, w
____
9-71
3.7
_
.
____
4 > i ___
3. 7
i '•£
1
:U%
~4- 7~r "
.....
5. 4
_
11 3 . 3
4.9
4.3
4.C
3. 7
2. 1
4.6
4.3
4.3
6.5
1l î . 7
1 1 *.<i
11 4 . *
4. a
4.4
4^7
4. 1
4. 6
4.6
4.5
5. 0
4.8
5.C
6.5
6.5
},i
3. 9
4. C
4.2
3. 6
4.1
4.C
3. ii
3.9
3.6
3.5
3.9
2.6
-1 .0
1L±S>
3. 6
3. 7
3. 3
3.6
3 .*»
*.3
3.4
3.0
2.8
2.9
1. 8
-fj.5
7- 7C
3- 70
9- 7C I C - 7 C 11- 70
12- 70
I - 71
3-71
4- 7 1
5-71
6- 7 1
7- 71
....
3. 6
JUA
.. 2 * 3 ..
INITIAL
2
11 5 . 1
1 15 . 0
n.n
11 *.r>
8- 71 * 9- 7 1
«üntw
NCT SEASÜNALLV JMUUSTfciL
.
110. 2
2*2
______
_*.r. »a _____ ! ! « .
♦
100
9- 71
PREPARED BY FFL'ERAL
NOVEMBER S . 1971
RESERVE
TANK OF S T -
LOUIS
13
RATIO
PRICES
SCALE
RATIO
SCALE
1967-100
19 6 7 - 7 00
1-30
130
*
Mw. ‘SS
JA*. "6J
I
Ji/irsr
*
ocr. V7
*
Jl/MF'/O
1*
Mif. 'Sf
125
125
+i
V 10
0 o
ft. 1 2 0
I cc.
12.0
CONSUL ER
1 1-5
/■
1 15
/
H D
1 1 0
105
105
1 0 0
100
+ 2 .9 2 ^
!
95
\
. oZ -■■■—
95
1 20
1 20
1 15
1 15
/ I I 5 . 0
1 10
1 1 0
105
105
+,
+ I.6Z
100
WHOL E S A L E
N D U S T R 1 AL
100
+1h 6Z
95
95
JULY'S/
J*tf. 'SS
JAM. ‘SJ
A
. .....J t
90
1963
1964
1965
ocr. •&f
1966
1967
OCT. V 7
i
11
1968
t
1969
SOURCE:
PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR P E R I O D S
LA TES T DATA PLOTTED*
1970
U.S.DEPARTMENT
1971
OF LABOR
INDICATED.
OCTOBER
PREPARED
BY F E D E R A L
RESERVE
BANK CF S T .
LOUIS
90
14
WHOLESALE
CQMPQUMDSn
TERM i to!
MCNT H
IN IT T A I
?.-7 u
4 -70
c .o
5 -7 3
:. i
6 -7 0
_ _ 1S
a -7 o
1-7 5
ft-70
1 1 - JO
9 —7 0
17 -?f.
MONTH
1-7 1
19 6 1
7 -7 1
3 -7 1
4 -7 1
5 -7 1
7 .7
.....3 * 7
4 .4
6 .7
1.5
1.1
1. 4
2.0
1. 6
2
2.0
1. 5
1 .3
1.3
1 .5
1 .4
1 .3
2.1
2*3
2 -3
7 . 3
2 .9
“» « 7 •
_7 -7 1
7 . A
ft-*
1 . <3
7 .1
n .n
r .n
1 .5
- r . 5
n .7
1 .4
r. . n
1. A
7. A
7 .7
_______ i n . a
1. 1
.............
o .n
7 . <J
..
3. 3
3 .4
3.1»
4 .7
3 .< j
4 . C
7 .r
* .7
* .3
7 .a
3 .C
3. 4
4 .4
5 - ft
7 -4
4. A
7* 1
in .i
.
m
___
3 .M
3 .*
4 .7
5 .3
A .3
5 .5
7 .7
3 .7
* - / 1
».•:>
3 .3
3 ,4
3 .5
3. 1
4 .i!
T -fl
4 .4
5 .3
fc.7
5 .5
3 .o
4 .3
3 .4
3 .5
3 .6
3 .3
4 .1
4 -f
4*5
5.3
A . r.
5 .5
4 .r.
4 .7
5 .4
5 .4
3 .9
3 .4
3 .S
3 .# »
3. 3
4 .1
3 .Q
4. »
5 . f.
5 . A
5 .1
3 -C
4 .3
4 .7
4 .3
3 .7
f i-7 «
*4.2
*.4
3 .5
3 .6
3 .3
4 .0
3 .A
4 .7
4 . A
5 .3
4 . ft
3 .8
4. 1
4 .3
3 .9
3 .2
3 .2
2 .9
3 .0
3 .2
2. «
3 .3
3 .7
3 .C
4 .7
3 .6
2.6
7 .7
2 .6
1.9
C .7
-0 .5
-4 .1
2 .7
2 .7
2.8
7 .5
3 .0
7 .H
3 .1
3 .4
3 .7
3 .1
7. 1
2.1
2 .0
1.3
0 .3
-0 .7
-7 . 6
- 1 . 0
4 -7 0
5 -7 0
7 -7 0
8 -7 0
9 -7 0
10 -7 C
1 1 -7 0
12 -7 C
1-7 1
? -7 1
4 -7 1
5 -7 1
6 -7 1
7 -7 1
8 -7 1
9 -7 1
1M IT IA l
4 —7 0
5 -7 u
6 -7 u
7 -7 1;
8—7 i '
-6 .3
....0 - 7 ' ..
-4 .2
-3 .5
l . i
5 .8
12 .5
_
-3 .6
- 1 . 6
..... 0 . 0
* r J C . _ ..
-0 ,*
-_1« 7
3 .8
-4 .2
16 .2
-3
-7 .7
- 1 . 0
- 1 L . 5
-4 .8
^
9 -7 C
1u -7 T
11-7 i'
17 -7 f
PROCESSED
r.F C H A N G E
eY
RESERVE
FECFRAL
1-7 1
7 -7 1
3 -7 1
4 -7 1
5 -7 1
7 -7 1
6 -7 1
« -7 1
11 C . 3
- 2 . 3
—9 . L
-4 .6
- 1 3 . fc
-4 . 3
-2 .9
-8 .5
—5 . 3
- 1 1 . 2
—5 . *
-2 .3
- 1 . 3
- ¿ . 7
-4 .7
1.9
2 .9
1 0 9 . . S ..
- ¿ . 4
10 Q .3
- 1 . 1
—5 . C
1.5
4 .4
16 .5
C . 3
4 .4
7 .1
9 .7
14 .7
7 6 .1
3 A .4
n .c
3 .4
1.4
&.<;
9 .9
15 .9
1 5 .6
- 2 . 1
2.8
1.1
5 .5
7 .0
11 .4
S. 7
-1. 6
2 .3
¿ .3
fe .2
1 1 .3
m . i
7 .5
4 .« }
11.1
1r.5
3 -7 1
0 .4
1.6
2 .4
2.6
2. C
< .-71
0 .3
1.3
2.1
1 .7
- 0 . 1
5 —7 1
l . i
2 .9
2 .5
l.C
3 .7
i i n . 7
11 3 . 6
1 1 3 .4
1 1 3 .3
- 1 . 1
1. 4
3 .5
3 .4
1.9
4 .5
3 .3
7 .£
g .7
1 1 .5
4 .1»
7 .7
5 1..»
$ 7 .;
7 -7 1
1.4
2 .3
2 .9
2 .7
1.4
3 .7
2.6
b .7
? .n
9 .1
7. Q
3 .r.
4 .3
#».1
3 .7
-4 .1
B —7 1
1.1
1.9
2 .4
2.2
l.C
3 .1
1.9
4 .7
5 .7
7 .4
*.1
i . p
7 .h
3 . :j
1 .1
-4 .1
-4 .1
C .l
0.8
0.1
0 .7
1.2
1.1
w
l
o
p.- 7 1
2.1
2.8
0 .9
6 -7 0
11 4 .3
11 5 .4
_________ 1 1 5 ^ JO.
1 1 4 . t*
-0 .3
1.5
C .4
2 .7
3 .4
4 .5
3 .1
-C .9
- C . 7
-0 .6
- 3 .4
- 8 .1
-- l u . f t
—1 5 . 5
-C .3
1 .4
ti. 3
7 .4
1.1
4 .1
7. A
-O .ft
-o .# »
-0 .5
- 7 . 7
-* .1
-A .«
-8 .1
0 .0
7 -7 )
H -7 'i
9 -7 0
10 -7 0
11 -7 0
12 -7 0
2 -7 1
3 -7 1
4 -7 1
5 -7 1
6 -7 1
7 -7 1
9 -7 1
9 -7 1
IN IT IA L
„ A G I.. S E A S O N A L L Y
100
112.6
-7 1 .9
-3 .3
5 -7 0
«
Q -7 1
IL L . 2
- A . 2
4 -7 0
LO U IS
...
........... _ 1 1 3 . 4 _____
12 -7 0
■>.7
ST.
lO fc?
MONTH
-2 0 . 9
-2 .9
* -7 1
OF
19 .9
- * . j
1C -7 1
BANK
N O V E M B E R _5 Lt__ 1 3 7 1
F O C O S ANO F E E D S *
S .5
11-7 0
2 -7 1
llJ L * 4
111^8
111. 2 .
11 1 . 7
-a . 7
1 -7 1
1 1 4 .5 ....
- 1 1 - 1
5 -7 C
_..7-.7u
.
MONTH
P R IC ES FARM P R O D U C T S , ANO
r c M P C U K o r c ArjutiA i
8a tfs
"IN A L
J —7 3
.lU f k + 9 .
ADJUSTED
* u :;t h
2 -7 *
............
2 .3
PREPAREO
4 -7 0
11 A . 3
._ i.L 4 .a 6
2.6
WHOLESALF
TJ
1 1 3 . 0 -----------
X 13 u .fi
5 .4
3 .2
IN IT IA L
112 -.8
-
113 ^ 1..—
7 - t j
3 -7 1
.
. a
1 1 .3
7 _ <J
SfeASG N ALLY
. ...
1 1 , U 0 -----------
............
3 .2
3. 1
6 -7 0
...
lL a -a
- i . i
3 .3
* __*uL
.
lll^ iL _ _
S .A
3*2
3 -7 0
LLQ «1
X1XU 9
4. 1
7i
9 -7 1
.J J J Q . . 5
7 .<*
J L C . - 7 1 ___
* JJQO.
8 -7 1
-4 .2
4 -7 ?
.. 6 - 7 1
♦
6 -7 1
i i n . 3
2
2 .4
1.7
12 -7 0
7 -7 0
.
1.6
? .n
1C -7 C
6 -7 0
♦
2.2
'
.... 1
. « ¿-7 C
5 -7 o
: T iC S
C H A N G E --------
„ in « u a .
2.8
7 -7 3
-
ALL C L . —
RATES O F
1
1 -7 1
1 13 .0
1 1 3 . r>
MONTH
ADJUSTED
P ^PA PEO
HY F E C F * 4 L
N a m B J E ji^ ju ..iS 7 1
RESERVE
RANK
CF
S T • LO U t5
15
GENERAL
RATIO
PRICE
INDEX*
SCALE
RATIO
1958-100
SCALE
1958-100
*AS USED IN NATIONAL
INCOME ACCOUNTS
PERCENTAGES ARE ANNUAL RATES
LATEST DATA HO TTED.
Of CHANCE
SOURCEi U .S. DEPARTMENT OF COMMENCE
FOR PERIOOS
INDICATED.
3RD QUARTER
PREFARED BY FEDERAL RESERVE BANK OF ST. LOUIS
IMPLICIT
P R I C E OEFLA TOR FOR GROSS NA T I ONAL PRODUCT
COMPOUNDED ANNUAL RATES_ OF „CHANGE _
_____
TERMINAJO
QUARTER
I N I T I AL
4 -6 6
1 -6 7
2 -6 7
3 -6 7
4 -6 7
1 -6 8
2 -6 8
3 -6 8
4 -6 8
______
1958
QUARTER
1 -6 9
2 -6 9
3 -6 9
4 -6 9
1 -7 0
2 -7 0
3 -7 0
4 -7 0
1 -7 1
2 -7 1
1 -6 7
2 .8
1 1 6 .2
2 -6 7
2 .4
2 -1
U 6 .8
3 -6 7
3 .0
3 .1
4 .2
4 -6 7
3 .5
3 .7
4 .5
1 -6 8
3 .5
3 .6
4. 1
2 -6 8
3 .6
3 .7
« .1
_A_.L_
3 .7
4
3-68
3.7
3. 8_ 4 . 2
4.2
3.9
4.2
4-6 8
3.8
3 .9
A* 2
4.2
4. 1
4.3
1-69
3xfl
4,0
4x2
4x2
4.1
.__4xi
4 - 70
Ax6
4.7
4 . 9 _ 5. Q
.5,0
3,1
5,2
1-71
A. 6
4, 7
Ax£_
5. 0
5.1
5x2_... 5. 3
.A»7
4x2
-¿.-.71....
3-71
4*6...
4 ,5
4-66
+4.2% ................-
2-67
.........
1 1 9 .4
- _.120 j A . _ _
3 .4 ^ ^
.4.^3
. 0
4*.9
3-6 7
\
4-67
1-68
......
_______________
_________ _
...12.1,6.
+ 4.8%
,._4x2. ...5x£L. ..JSxJ__
4 .1
1-67
1 1 8 .0
.... 4 . 8
5.3
5. 6
5,5
5xl_„
5.. 4
_5x_5
_5.*5
5. 4
5x4
5 x 2 ....5x3
5. 4
. _5x4_
5.2
_¿x4... . . ¿ A . . .
5 . Û____5 . G __ 5 . G____5 ,1
2-68
3-68
4-68
1-69
INITIAL
_5 .1
2-69
3-69
. 5. 7
5. Ì
6.3
5.6
. ..5 . 1
5.2
5.0
4.7
<t . 7
4-69
1-70
2-70
_141aJL
5.+1
,A*6____4x1____ 1x5___ 2jl3±
5-70
4-70
1- 71
2-71
QUARTER
PREPARED
NOVEMBER
BY F E C E RA L RESERVE
19, 1971
BANK OF
ST.
LOUI>
INVENTORIES
* RAT I OS B A S E D
ON S E A S O N A L L Y
COMPARED
ADJUSTED
WI TH
DATA.
MONTHLY
SOURCE*
SALES*
U . S . DEPARTMENT
OF COMMERCE
S H A D E D A R E A S R E P R E S E N T P E R I O D S OF B U S I N E S S R E C E S S I O N S
AS D E F I N E D BY THE N A T I O N A L BUREAU OF E C O N O M I C R E S E A R C H .
♦LATEST
S A M P L E
DATA P L O T T E D : J U L Y ,
BEING R E V ISE D ).
AUGUST
AND S E P T E M B E R
P R E L I M I N A R Y ( P R I O R TO J U L Y , R E T A I L S A L E S
_
_
P R E P A R E D BY F E D E R A L R E S E R V E BANK OF S T. L O U I S
@FedFRASER