View original document

The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.

n f l i i o n o i e c o n o m itcr c r d s
PREPARED

MONTH B4DING:

BY

October 31, 1972

FEDERAL

RESERVE

BANK

OF

ST. LOUIS

RELEASED: November 22, 1972

Total spending on goods and services increased from the
second to the third quarter of 1972 at a more rapid rate than
initially reported. According to the recently revised data,
total spending rose at an 8.9 percent annual rate from the second
to the third quarter. Yearly trends now indicate that real
product increased 7.2 percent from the third quarter of 1971 to
the third quarter of 1972, compared with a 2.2 percent rise in
the preceding year. Prices increased 2.7 percent in the year
ending third quarter 1972, compared with a 4.9 percent rise in
the year ending third quarter 1971.
Industrial production growth, which slowed in the late
spring months, was at a rapid rate in the July-October period.
Industrial production increased at a 10.2 percent rate from July
to October, after rising 6.6 percent in the preceding year.
Payroll employment Increased at a 4.9 percent rate from July to
October, after rising 3 percent in the preceding year. Payroll
employment increased at a 2.7 percent rate from 1960 to 1970.
Rapid gains in productivity combined with a slowing in
the rate of increase of compensation per man-hour have impeded
the advance of unit labor costs over the past year. Unit labor
costs increased 1.4 percent from the third quarter of 1971 to the
third quarter of 1972, compared with a 3.8 percent rise in the
preceding year.
Because the slowing in the rate of increase of
compensation per man-hour has been accompanied by a relatively
greater slowing in the rate of price advance, real compensation
per man-hour increased at a slightly more rapid pace in the year
ending third quarter 1972 than in the preceding year. Real
compensation per man-hour increased 2.5 percent from the third
quarter of 1971 to the third quarter of 1972, compared with a 2.3
percent rise in the year ending third quarter 1971. After-tax
corporate profits, adjusted for price increases, advanced 12
percent from the third quarter of 1971 to the third quarter of
1972, compared with a 7.6 percent increase in the preceding year.




2
TOTAL C I V I L I A N t P P L C V » fN T
CQWPCUNOED ANNUAL R A T E S Of C H A N G i.

T W U S M M ___

OP

MONTH
3

4

4— 71

6—7

1

A - 71

7 -7 1

9 -7 1

10-71

1 1-7 1

1 - 72

12-7J

2 -7 2

3 — 72

4 -7 2

4 -7 2

6 -7 2

7 -7 2

8 -7 2

PE R S O N S

9 -7 2

4 -7 1

7 1 » I12_

4 -7 1

7 1 .«3 0
7A . 4 0 0

-1

6 -7 1

1—

V

7 0 .01 4

7.7 1

1 f

«-7 1

1 9

4 .7

, . r \

7 9 .1 9 9

«*71

7 .4

4 .4

1 .4

7 9 . 4 4 1 ------------

10*71

,

A. A

4. )

4.O

4. \

1 1^71

1 .iO

4 .4

1 .0

4 .7

A.

7. r

l? »7 1

7. 1fl

1.A

1.1

1 .4

1.

7 . i;

1*7 7

V

4 .4

A. 1

4 .^

A.

4.

1

▲. 7

M.

7*77

V in

1.0

1 .4

1.A

1-

1. f

i -n

4. n

—A . N

■ -, 7
X

A .4

4 . 1

4 .«

▲-

▲.

1

A .A

4. i

4.

.7 7

V ,*

A -ft

».7*

1.A

* -7 ?

1 ,, 3

i.o

1 *A

1 .7

1 ., \

1 .0

1 -7

1,|

1.A

a

7 -7 ?

1

6 .4

7 9 .1 3 2

.a a .6 3 6 .

.

r

AQ*623
«1 .2 4 1
V
* 0 .4

1.

1

1 .4

4. 7

7. . O

1-

1.4

1 .4

1. 9

7.. A

1 .«

1.1

? .«

i .a

1-

1.4

1 .4

A- n

1 .1

l.C

7 .1

1 .4

4 .1

> tA

1 tA

1f

1, )

1.1

1.

7.A

1.7

1.4

7 14

7.1

1 .1

1. 4

7.>0

1.4

7.7

7-0

7-9

7.1

. . N

>- 1

1. f!

1.. O

1.4

7.4

1-0

1 .1

7-7

4-0

,

*.A

1. 4

1 .1

1.4

7.A

1-7

1-7

1-0

4-0

3.«

10-71

11-71

l - ‘12

2 -7 2

3 -7 2

4 -7 2

5 -7 2

6 -7 2

7 -7 2

§ -7 2

V,?

1. 7

7.4

1.4

1.

1. ?

V,?

1.7

1.4

1. 4

1.

1.

in .7 7

V.7

I T T !

1.

1.4

1.

1. 7

6 -7 1

7 -7 1

9 -7 1

9 -7

5 -7 1

0 .0 2 0

A O . 09® ---------

N

- «

A.77

4—

«
--------^

«-7 ?

3

1

12-71

IN IT IA L

A.4

.ftl.20 3
«1 .3 9 4

N .

« 1 - 447

X

«

0.7
.

1. 6«?

81*37.1
«7 .2 7 7
\

« 2 . 4«2

9 -7 2

MONTH

PR6PARC0 0V *60€RA L
NOVEMBER 3 , 197?

R ESE R V E

SANK Of ST* L O U IS

PAYROLL EMPLOYMENT
C O "PC U N M O ANNUAL RATES Of CHANfef^
IN IT IA L

MONTH

tho usand s

Of PERSONS

MONTH
3-71

4-71

3-71

6-71

7-71

8-71

9-71 10-71

11-71

12-71

1-72

2-72

3-72

4-72

5-72

6-72

7-72

g-72.

JU uflL.

70»*61

-1x2____ L t i _

.±=,71-

7 0.64 3

T P iW

- li f t ____ l . f t
0 .4

- 0 .9

. 1 SU112L-

J-71

1 .0

fl-7l

_
0»^__________ *Q»^_ -CL-2____

- 0 .7

7 0 .8 4 3
1C-71

1 .4

1 .1

0 .7

1 .2

1 .9

2 .7

70# 861

0.

11-71

1 .7

1*6

1 .3

1 .9

2 .4

2 .2

2.

12-71

1 .9

1 .8

1 .6

2 .0

2 .6

3 .2

2.

3 .7

1-72

2 .1

2 .1

1 .9

2 .4

2 .9

3 .4

3.

4 .C

3 .a

7-72

2 .2

2 .2

2 .1

2 .5

3 .0

3 .4

3.

3 .6

3 .7

3 .9

j . r

2 .4

2 .3

2 .7

3 .2

3 .6

3.

3.<5

3 .9

4 .1

3 .9

*

2 .5

2 .4

2 .3

3.3

3 .6

3.

3.<5

3 .9

4. 1

3 .9

4 .3

4 .0 \

3.1

1 .4

3-72
4-72

2 .6

f
t

f
t

71*103
7 1 .2 9 1
7 1 .5 5 2
^ + 3 .6 %

7 1 .7 4 4

. ; v

7 2 .0 1 1
7 2 .2 4 6

5-72

2.

2 .8

2.

3 .9

3.

4 .2

4 .2

4 .4

4 .4

4 .8

4 .9

5.

6-72

2 .7

2 .7

2 .7

3 .0

3 .4

3 .7

3.

3.<5

1 .9

4 .0

3 .9

4 .0

3 .9

3.

l.flX \

7-77

2 .4

2 .4

2 .4

7-7

3 .0

3 .3

3.

3 .4

3 .3

3 .3

3.1

3 .1

2 .7

2.

0 .6

- 0 .6

fl-72

2 .7

2 .7

2 .6

2 .9

3 .2

3 .5

3.

3 .*

3 .5

3 .6

3 .5

3 .5

3 .3

3.

2 .2

2 .4

5 .5

0-77

?- a

2.

2 .7

3 .0

3 .3

3 .4

3.

3 .7

* .6

2 .7

3 .0

4 *8

4

10-72

2 .9

2 .9

2 .9

3 .1

3 .4

1 3 .6 1

3.

3.

3-71

4-71

5-71

6-71

7-71

f
t

8-71

9-7

f
t

10-71

7 2 .5 9 2

3 .5

3 .7

3 .«

11-71

12-71

IN IT IA L

7 2 .6 9 9
7 2 .6 6 1
7 2 .9 8 4
\

3 .7

3 .«

3 .7

3.

3 .1

3 .5

4 .9

4 *6

1-72

2-72

3-72

4-7

5-72

6-72

7-72

8-72

7 3 .2 3 2 P

4.1^1

. 2

7 3 .5 3 5P

9-72

MONTH

P- PR fcLlN lK A R Y




_

prepapeo

ev f e c e r a l

NOVEMBER

3,

1972

reserv e

bank

op

st

. l o u is

. ...

3
EMPLOYMENT
RATIO

SCALE

MILLIONS

1964

OF

RATIO
PERSONS

1965

1966

MILLIONS

SEASONALLY ADJUSTED

1967

1968

1969

1970

1971

SCALE

OF P E R S O N S

1972

SOURCE« U.S.DEPARTMENT OF LABOR
PERCENTAGES ARC ANNUAL RATES OF CHANGE FOR PERIODS INDICATED.
LATEST OATA PLOTTED« OCTOBER PRELIMINARY
OATA FOR PAYROLL EMPLOYMENT REVISEO FROM 1967.




PREPARED BY FEDERAL RESERVE BANK OF S T. LOUIS

4

CO CU*UgO ÀiNUâl RATES 0* ÇHâNÇf
f«f>
T FRM |S4L
WUHf h

IN IT IA L
V- 71

4-71

4-71

5-71

6-71

7-71

9-71

9-71

10-71

3*3

11-71

1967 » 100

HCNTH

12-71

1-72

2-72

3-72

4-72

5-72

6-72

7*72

9-72

9-72

106*2

5-71

11*3

1 4.4

6-71

7*4

7 .0

7-71

3 .7

2 .3

- 3 .3

- 6 .5

9-71

n?

-l . 7

- 6 .5

- 9 .6

- 1 2 .7

9-71

3.1

2 .0

- o .a

- l.l

1 .7

( u >

107*4
0 .0

107*4
106*9
105*6
107*1

^

10-71

? .l

1.1

- 1 .3

- 1 .7

0 .0

7 .0

11-71

2 .7

1 .9

0 .0

0 .0

1 .7

7*0

1 .7

12-71

3 .3

2 .7

l.l

1 .3

2 .9

7 .3

3 .9

1-7?

3 .7

3. ?

1 .8

2 .1

3 .6

7 .2

4 .5

7 .3

f ♦5

?- ?2

4. 7

4 .3

3 .2

^ .7

5 .2

8 .3

6 .6

9 .3

ID .O

.1 .0

1 5 J \

3 -7 ?

■5.4

6 .1

i

4 .7

^ .2

9 .3

7 .«

1 0 .?

ll.O

12.0

14.0

n >

4 -7 ?

S »4

* .2

5 .5

6 .1

7 .6

10.4

9 .3

1 1.6

12.5

13.6

1 6.0

1 6.3

1 9 . t\ ^

112*9

5-72

^. ?

6 .1

5 .4

5 .s

7.2

9 .7

9 .7

10.5

11.1

1 1.7

12.9

1 2.2

11.3

113*2

6-7 2

>.9

>.3

5 .1

5 .6

6 .6

9 .9

7 .9

9 .4

9 .9

10.0

10.7

9 .6

9 .2

7-72

5 .0

5 .«

5 .2

5 .6

6 .6

8 .6

7 .7

9 .0

9 .2

9 .4

9 .9

8 .7

7 .5

9—7?

6 .3

6 .2

5 .6

6 .0

7 .1

9 .9

9. 1

9 .3

9 .5

9 .7

10.1

9 .3

9 .4

6 .0

6 .5

9-7?

6 .3

6 .2

5 .7

6 .1

7.1

9 .9

9 .0

9 .1

9 .3

9*5

9*9

9 .0

9 .3

6*3

6*9

9*4

9 .9

10-7?

6 .6

6.*>

6 .0

6 .4

7.3

1 » ’ I

9 .2

9 .3

9 .5

9 .4

9 .9

9 .S

4 .6

7 .0

7 .6

9 .0

1 0 .2

9 .2

4- ' 1

!> r i
-

6- f i

f- /l

V- i l

iv ^ r t

i- r *

¿ -r t

J- ïi

4 - fi

6-/2

7—7Z

9-72

j- a




U- f 1

106*«
107*4
8 .1

109*1
109*7

6 .9*

ll- U
im w n

1 10 .0

v .3 . 9 %

111*2

V

2 .1 ^
a»

*
>

3 .2

0

7 .5

113*4
5 .4 "

113*9

9*9

115*0
ll)* 7 P
« à

1 1 4 .7 *

9 - rz

p ijk ih

T
HTEUIW1U BT FlUUULEfcSgHVt M TOC W * r > LOUIS
Nnve-96R

15«

1972

5

INDUSTRIAL
RATI O

PRODUCTION

SCALE

1964

RATI O

1965

1966

I967

1968

1969

1970

1971

S CAL E

1972

PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIOOS IHOICATEO.
LATEST OATA PLOTTEO« OCTOBER PRELIMINARY




PREPAREO BY FEOERAL RESERVE BANK OF ST. LOUIS

6
KfTAIl
C Q V P C U N O f D A NNUA L

T fPM IN A L
Mr.NTH

IN IT IA L
*-n

V M

— n

s ?

6-71

6 ,s

7-71

* ,9

7-71

8-71

*-7J

10-71

n-71

OP CHANQfc

H i l l IONS 0-

m on th

12-71

1-72

3-7?

2 -7 ?

4-7?

6ouA*s

5-7 ?

6 -7 ?

7-72

8-72

9-72

U r?

*5-71

V 7l

6-71

SALES
PATFS

33*578

4 ,5

0.7 1

_11-71

l,V

3 3 ,8 2 7
3 3,68 8

-*♦*»

W*5

1>.o

<*0.4

3 4,65 5

1M -

16*2

17,5

30 ,6

°T ^

*,<•

10,9

1 0 ,^

1 6,0

5 ,5

lit '

10,4

1<\*

12*.?_

IT t f i

11*0

5 ,9

7 ti

^ t*

>?,9

¿.1

- 3 ,6

-1.2 -?Q*2Ns.

7t f

1 ,6

- 2 ,»

- 0 . « - 1 1 ,1

8 ,6

4 *0

P t*

« *0

M

iM

12-71
i-7j>

1 ? ,^

*, r

#-71

. IC - Il

33,502

- ?,7

5 .4

3 5,2 1 9

?- 7 ?

5 *?

6. 3

.

5 ,9

6. *

7.4

6 .4

S '

9,4

10*7

1 0,5

W i’
_ JQ ,4

'5 , 5 7 4

* t?

7 ,1

1 9 .C

30.1

17,1

17. 1

- 5 .2 s

? t2

io .e

p .v

1 6,0

2 0 ,5

2 1.7

11,5

7 ,5

* iC

9*C

<-,0

U t?

1 3,7

1 2.9

3 .V

10. o

8 ,5

7r ?

9 ,2

■T.ft

12,3

14 ,6

l^ , I

11.7

« ,6

8 ,5

1 0 ,-

< ,i

13. 6

15,6

1 5 .A

1

Q, 1

10#«

10.7

1 ? .3

% ,6

i* ,?

l'* l

*t..1

W rl

H ,0

s s

v. 7

io ,s

°- 7 ?

» .6

ft, *

_lQ-7?

io ,i

1 0 ,c

3-71

4.-71

1J . >

3 5,3 4 5

+ 1 0.0%

12,4

*,

9

3 4 ,* 8 6

1 7^ o\

7 . fr

0» 7

o-7?

8 .0

4 ,9

5-7?

7-7 2

- 2 ,6

7 .7

H.*

«♦-

3 ,3

3 4,89 6

-o> s.

1 0,5

*-72

- W ?

34,964

• 8 A V

3 6 ,4 5 0
3 6 ,2 8 7
31 .3
A ,9

3 6,80 2

u ,?

?

1 9 ^ ^

3 7 ,3 4 8

9 .5

?0 ,5

37,96 9

2 U 9 s ss.

* ,2

9 .0

fo-1

6 ,0

7t 0

a .«

7 ,2

tO ,H

12»

*

1 1,6

6,

9 .5

4 .6

9 .o

4 .5

-9^7S s nw

3 7 ,6 8 V

1 0 ,a

10.7

11.«»

110,0 1

9 *?

1 0 ,9

9f8

13,4

1 5 ,0

I* .A

u .l

1 4 .0

1 0 .0

16,7

15.9

13,0

39.*k

38, 750-'

5-71

< -71
>

7 -7 !

10-71 11-71 12-71

I -72

2-72

3-72

4-72

5-72

¿-72

7-72

t-72

*-7}

8-71

*-71

w tttvr ^

<
?

>.7

1*», 6

7,6
10,

3 7,12 0
- 9 .8 s

m r

t> M e it * IN A » Y
e- c s t i m a t c j
w p a p f g

NOV6M86P

RY ’ POERAl
13, 197 2__

lib * OT i T . L 0 0 I5

P€«$ONAi f U^AMC
CCWP0UH0C0 ANNUAL M T f S Of CHANCE
IN I T I A L

TERMINAL
MONTH

ftI L L IONS

MONTH

kM K
3-71

4-71

5-71

6-71

7-71

8-71

9-71

10-71

11-71

12-71

1-72

2-72

}- ? ?

4-72

^—72

6-72

7-72

t- 7 ?

• 4 7 .4

4-71

6 ,6

5-71

7 .7

8 .8

6-71

1 5 .3

1 9.9

7-71

7,1

7*3

6*5 - 1 4 ,|

8-71

7 .6

7 ,9

7f 6

-2*9

8 5 3 ,4
• 7 1 .4

3 2 .0
•♦2*4

869 .1

9*7

9-71

7,1

7*2

6*8

-0*5

10-71

6. 6

6 .6

*♦1

0 *5

5 ,9

4 ,0

3*6

11-71

6 ,6

6*6

¿♦2

1 .7

6 ,0

4 ,8

5*1

12-71

7t 6

7*7

M

3*9

8*0

7 ,5

m *2

7 * 0 _ . 4 *4

8 .2

8 .1

5*1

8*6

8t 5

9 .7

* t7

6*1

9*3

8 .6

8 .5

6*2

9*0

8*9

8 .3

a ,5

8*5

6 ,4

8*9
8 ,6

8*5

3-72
4-72

m *4

14,1

\h \

\} • *

12*8

P f*

ll* C

12*1

10*«

*o Ti

6 *9

M f3

t<M

9*4

7*4

7 ,9

919*4

10.4

9 ,3

§ ,6

7*0

7 ,0

6*2

9 2 4 ,0

8*4_

M

16*1

12*0

8*$

*- 7 *

• 7 9 .4

6*5

11*5

9 ,3

**4

8 .0

8 7 4 .8

ll * 2 L

8*4

1-72

A a T II

?- 7 2

8*6

7*4

tt?

4 *8

S I

2*3

-1*4

6 ,5

6 ,0

5*9

13,8

M

6 .9

7 .1

11.6

9 ,5

10*8

9*3

* t0

10*
9*8

8 9 8 .9
908*5
n> * 6

5-72

8*2

9*3

8 .3

6 ,3

6-72

7 ,5

7*6

7*5

5*7

7*7

7*5

7-72

7*9

9*0

7 .9

6*3

8*2 _

8*0

1 ,4

S*C

?t?

8*3

7 t7

6 *6

8-7 2

8 .0

8*1

8 ,0

6 ,5

8 .3

8*2

• t?

9 .C

9 .3

8 ,5

8 ,0

7 ,1

9-72

9.1

8 .1

8.1

6*7

8 ,3

8 ,2

8*6

9*_Q

9*3

?T?

M

7*3

M

7*3

7 ,6

10-72

3 ,7

9*8

9*8

7*5

9*1

9*1

9*5

10*C

10*3

9 ,7

9 ,5

9 ,0

9 ,3

9 ,5

10*2

1 3,3

13*1

14*9

21*1

3-71

4-71

5-71

6-71

t - tt

8-71

4-71 t o - t t 11-71 12-71

1-72

2-72

3-72

4-72

5 - ?2

6-72

7-72

1-72

9-72

9 ,0

IN IT IA L

922*9
932 *9
940*0
946.8**
9 6 2 *0 *

MONTH

P- PR E L IM IN A R Y




w u m

w n tm i iK is v f iiir w

NOVfN«eH 20# 1972

jt ,

lw ii




7
RETAIL

SALES

R A TI O SCALE

R A TI O SCALE

B I L L I O N S OF DOLLARS

SEASONALLY AOJUSTiO

fCJttt*TA M 4 A M A N M U l «A T M I f CMAIttt M ft P U I M S
LATEST SATA f t t T T U * SCfTCMNA P t f L IM IIU f Y , K T N U

B I L L I O N S OF OOLLARS

IM IC A U » .
ASVAHC* tST IH A T I

ftc fA te # i t f c k j u i i m m

PERSONAL
RATI O S CALE
TRILLIONS

ia m

sf st . l m is

INCOME
RATI O SCALE

m onthly t o t a ls a t ann u al M TC S

OF DOLLARS

SEASONALLY ADJUSTED

f l W I M T M C I A M AMttAL M T U *
LATtST SATA PLSTTCSt K T N U

TRILLIONS

OF DOLLARS

* * * < * « « .S . MfAKTMCirr sr cnw tnct
CMAIK C M * f t S IS S S IM S IC A T U .

f M L Iil« A « t
p w a w i

sy

r t iO A i t t t t m

sa m t

«

st

. l m is

8
CROSS NATlOHAL PRQOUCT

IN CURREhT O C llA R S

c3m 'p7^o~E^an*ual k 'i't v r f ir 'C H à M M -------------------------------------------- ~

*

__________________________ __________________ _______________________ __________________
_________
_______ ____
ftlL L lO N S Of
term T ^ ì l
I
n ì t U l OUARTÉ*
do T T a r s
SUA»TER________________________ _____________________________________________________________________________________________________________________________ _________ ANNUAL QAT6S
T-57 " r e * “
V-4è ' ^ z r m1-6"* ¿-4* i -49 4-6* 1-7'd 5-75-T -75 4-73-"'1-71 5-71 5-71 4-7r "1-75 5-75

1-4è
~T^6è

$ 3 4 .Ó

9 .2

*»57.4

“ T574" i r . T

' * - ¿ 1 ■ 9.S
“« '5 "

10.1

i.é

è7é__ “ ♦
A

57 T T . T " 7 .T
2
*-69

è75.5

è .6

“r : r ~ " T “

T .7

1A "

9 0 7 .0

T .T " "77è'"' " 7 3 "

925.5

t.é

!-T<T

“T
774 ■ .l— 6 .5"" 4.5 "

"T.T" “ 77T“

6 .4

6 .9

2-71
3 - tl

6.2
5.4

■575'

5.5

\
3.4

+4.1%

¿>.0

’5.7

5.5

4 .*

4 .9

5.8 \

6 .0

5.7 ' T74

4 .7

5.-4"

5*i

“ 4.7 ■ 4. i

971.

5.3

4 .4

*.T

6. 5

7.2

...
■ r/ r
7.2

1-72

~ rrr~

9A9. 7

n ÌN

■-T .7
-

«>
:<

6.4

6 .2

6 .0

5.

6. T "

6 .6

6. T "

6 .4

6 .3

6.0

6 .5

7 .0

7 .3

7 .7

n .l

7.6

6 .6

6 .T "

6 .4

6. Ì

6 .5

5 .9

6 .4

6 .8

7 .0

7 .?

9 .2

7 .V "

6 .8

6*6

6 .6

6 .5

6 .4

6 .2

6 .6

7 .0

7 .2

>.1

7.6"'

7.Ó " 6. *

4 .4

6.6

” 775

T."4

r . T - 7.3 “"775"" r ; r

7.5

7.6

775“

7 4
".

7 .4

3-68

4-68

1 .4

“77§"“ ”

■
"S=TF ■ T.é" ” 7.7 ”
4-67

1-68

2-69

“ 774"
1-69

7.4”
2-69

"7.1 -*i 4

n<
>

1 .0 4 3 .0

+ 9 .7 %

1.05fc.9

i.i

1♦
0^8.1

7 .4

7 .2

6 .8

9.5

8 .4

8 .5

10.1

é.6

é .i

8 .9

9 .8

9.5

9.5

\$.r T t.7

H .4

| 9.7 | 9.Ó

<r.5

lò .t

io .*

10.

1-71

2-71

3-71

4-71

1-72

7 .}

7.7

é .l

è. 4

9 .6

3-49

4-69

1-70

2-70

3-70

IH | T !A l

Ì.Ó 5 3 .4

.3 ^

è .i

"TU " M
è.o

T

9 86 . 3

6.Ò'~' 6.1

4/i ' '

Ì " 6.1

9

9 5 8 .0

6.” 4

it t

7

9 4 è.

7.1

>75

4-71

5-72

6.2
■"TT“

O

■— 75""
1-71

èa r %
5.6
i.i

6.6

6.5

6 .y

■ "7.f" '7.T

i-to

941.

T76 " T .T "- i . è
"

4-69

¿•io

©oò.f

T . r -"T76

9.1

6-70

8 .3 " V .

1.1Ò 9.1

1 2.0 N .

V.

i

\,1 ^ 9 .4

é.9^

1*144.0

?- 7 2

QUARTfR

BANK 0* ST . L O U IS

PREPARCO 8Y P EO ER A l R ESER V E

17, 197?

6*Q SS NATI0HAL PfcODUCT 1* CONSTANT 1958 COLLARS

COM
POUNOEO ANNUAL RATES Of CHANCE

TERMINAI.
WARTCR

INITtAL QUARTER
4-67

1-6«

6 .4

2—
68

3-68

4-68

1—
69

2-69

3-69

4-69

1-70

2-70

3-70

4 -7 0

1-71

?- 7 !

3-71

4-71

i*75

9 .4

2-68

1-6«

BIllfONS Of
^OtLARS
ANNOAt RATES
5-75
6 9 2 .6

7 .5

7 0 5 .3

3-60

5 .6

5* ^

4.Ò

4-68

4 .8

4 .6

3 .2

1-69

4 .5

4 .3

3 .2

2 .9

3 .3

2-69

4 .1

3 .8

2 .9

2 .5

¿ .6

1 .9

3*69

3 .8

3 .5

2.7

2 .4

>.4

1 .9

1.9

4-69

* .0

2 .7

1 .9

t.4

1 .2

0 .5

- 0 .2

- 2 .2

■"

t- ? 0

2.4

¿.0

1.5

0.8

6.4

- 0 .3

- t.O

-5.41

--"755.4

2-70

¿.3

1 .9

1.5

0>

0 .6

0.1

- 0 .4

- l.l

- 0 .5

3-70

?.3

1 .9

1 .3

1.0

0.8

0 .4

0*1

HD.3

0 .3

1 .8

2 .0

- t. 2

" ' 1.7

""
¿ .4

" ■ ’725 .4

■r

755. é
’ “ 7ÌS-.5

\

1.6 V

755.1

""72 *.5
V .

1.3

0 .7

0 .4

Ò.l

- 0 .3

- Ó .7

- i.O

- 0 .4

- 1 .4

- 4 .8

2.1

1 .9

i. *

1.1

0 .9

0 .7

0 .5

0 .2

0 .7

1 .6

1 .6

1.4

8 .0

2-71

2 .2

¿.0

1 .^

1 .3

1 .2

0 .9

0 .8

0 .*

1.5

1 .9

5.6

2 .0

5. K

3-71

2 .2

¿.0

1.6

1 .4

1 .3

1.1

1 .0

0 .9

t .4

2.0

5.t

2.2

4 .6

ì..

4-71

2 .5

2 .3

1 .9

1 .8

1 .7

1 .6

1 ,6

1.5

2 .0

2 .7

2 .9

3 .0

5 .1

4 .1

4 .5

6 .6

7 3 1 .9

757.9
^

“ 747.51 "

2 .7

2 .6

2 .2

2 .1

2 .1

2 .0

2 .0

2 .0

2 .5

3 .2

3 .4

3 .6

5 .4

4 .7

5.5

6 .6

6 .5

3 .1

3 .0

2.7

2.6

"5.6

2.5

5.6

5.7

3.5

3. è

? .T

4.4

i.ó

5.6

6.5

7.5

Ì.9

9.4

3-7?

3 .3

3.1

2.9

2.8

2.8

2.8

2 .9

3 .0 i

3.5

4.1

4*4

4.7

6.1

5.8

6 .3

7 .2

7 .4

7 .9

6.4

2-6®

3-68

4-68

1-69

2-69

7-69

4-69

2-70

3-70

4-70

1-71

2-71

3-71

4-71

1-72

2-72




1-70

■

■ “ 757.5- .....
-

1-72

1-69

"

Vié.o

¿-72

4-67

■

7 26 .8

l- > l

4-70

715.5
>16.5

N.

7 66 .5

....
^

796.1

IH IT IU QVARTe*

HOVgWsfE 17 P l ^ 2 A t * * * * * * *

&ANK Qg $ T t L O U IS

9

DEMAND
RATIO SCALE

AND

PRODUCTION

QUARTERLY TOTALS AT ANNUAL RATES

T R I L L I O N S OF DOLLARS

SEASONALLY ADJUSTED

RATIO SCALE

T R I L L I O N S OF DOLLARS

0.5 L-------- 1
J
---------«-------- »
---------1
---------1 —t— «
—
------- u---------«
----- 1 *0.5
—
1964 1965 1966 1967 1968 1969 1970 1971
1972
U£t* IN CURRENT 001LARS.
SOORCEt U.S. DEPARTMENT OF COMMERCE
IN 1958 DOLLARS.
PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PERIODS INOICATEO.
LATEST OATA PLOTTEOt 3RD QUARTER




PREPAREO BY FEDERAL RESERVE BANK OF ST. LOUIS

10
C O M P E N SA T IO N P £ P HAH—M O U ** TOTAL P H IV A T É
CO M PO UNO f0 AHNU Al R A T F S QP C.HANGf
IN IT IA I

TF*N | N U

oui*Tri

4-67

1-6«

2-68

3-68

4-68

1-69

3-69

2-69

4-69

ECONOMY

QUART FR

1-70

2-70

W

3-70

4-70

1-71

2-71

3-71

4-7*

l-TI

î

« w

î-71

4.3

104.4

?-68

*♦4

7.5

104.3

3-68

• ♦6

8.2

8.9

4-6«

«.6

8.4

8.8

8.7

1-6«

100.4
110.9

1-69

8*1

7.8

7.9

7.3

5.9

2-69

«♦I

7.8

7.9

7.6

7.0

8.1

3-69

7.9

7.7

7.8

7.5

7.0

7.6

7.2

4-69

«.2

«.0

8.1

8.0

7.8

8.4

8.5

9.9

11**5
114«?
114«?
114.5

1-70

«.0

7.9

7.9

7.8

7.6

8.0

8.0

8.4

6.9

2-70

7.«

7.7

7.7

7.5

7.3

7.6

7.5

7.6

6.5

3-70

«.0

7.8

7.9

7.8

7.6

7.9

7.9

8# i

7.4

7.7

9.4

4-70

7.7

7.6

7.6

7.5

7.3

7.5

7.4

7.5

6.9

6.9

7.3

5.2

1-71

7.9

7.7

7.8

7.7

7.5

7.7

7.7

7.8

7.4

7.5

8.0

7.3

9.4

’
-71

7.7

7.6

7.6

7.5

7.4

7.5

7.5

7.5

7.1

7.2

7.5

6.8

7.7

5.9

nu*
U>*1

6.1

120*1
un?
110*4
132.5

'-71

7.6

7.5

7.5

7.4

7.2

7.4

7.3

7.3

6.9

7.0

7.1

6.6

7.1

5.9

5.9

4-71

7*4

7.3

7.3

7.2

7.0

7.1

7.1

7.0

6.7

6.7

6.8

6.2

6.5

5.6

5.4

4.8

134.0

1— 7?

7.«

7.4

7.4

7.3

7.1

7.3

7.2

6.9

6.9

7.0

6.6

6.9

6.3

6.4

6.7

138.«

>-72

▼
.4

7.3

7.3

7.1

7.0

7.1

7.0

6.8

6.7

6.8

6.5

6.7

6.1

6.2

6.3

7.0

5.6

3-7?

7*?

7.1

7.1

6.«

6.9

6.8

6.5

6.5

6.5

6.2

6.3

5.8

5.8

5.8

6.1

5.0

4.3

4-- 7
s

1-6*

4-61

1-69

2-69

4-69

1-70

2-70

3-70

4-70

1-71

2-71

3-71

4-71

1-72

2-72

5-AA

7.2

3-69

134.4

8.5

140.7
142.2*

w r iim w * v

wemEP iv rgpmi itmvg
ocToee* s i .

uuk

w

s t . t< v m

1912

OU T PUT * e n MA H—M OU * t TOTAL P fllV A T f ECOWPTY
ÇOM PQUNOf0 ANN UAi » 4 T P S O * CHANOê

TPtMtNAL

1-6«

4.0

3-6«

4-68

1-69

2-69

3-69

4-69

l

2-6«

QUARTFR
2-70

1947 • 100
3-70

4-70

1-71

2-71

3-71

4-71

1-72

2-72

4.4

2-68

1-68

o

IN IT IA I
4-67

101*i
3.6

102*7

3 -6«

3.5

3.0

2.4

4— 6 «

3.0

2.5

2.0

1.6

1-69

2.3

1.8

1.2

0.6

-0.4

2-69

1.8

1.3

0.7

0.1

-0 .6

-0 .8

3-69

1.5

1.0

0.*

0.0

-0 .5

-0.6

-0.4

4-69

l.»

0.7

0.3

-0.2

-0 .6

—0 . 6

-0.6

-0.8

1 - M
1 i — J

101*1
101«?

r
a

103*4

- m

10>*4
101*3
101.1

K—
r

1-70

0.9

0.5

0.1

-0.3

-0.8

-0 .8

•1.0

2-70

1.3

0.9

0.6

0.3

0.1

0.2

0.5

0.8

1*6

4.3

S.

3-70

1.7

1.5

1.2

1.1

1.0

1.3

1.7

2.2

3.2

5.5

6.7

\

4-70

1.4

1.2

0.9

0 .«

0.7

0.«

1.1

1.4

1.9

3.0

2 .J

-

4.0

102*8
103*4
1 05*4
m

2.7

N

v

7.4

105.1

1-71

1.9

1.7

1.5

1.4

1.4

1.6

2.0

2.4

3.0

4.1

>-71

1.9

1.7

1.6

1.5

1.3

1.7

2.0

2.4

2.9

"S s \ s + 3 . 9 %

3.7

3.6

2.5

4.8

2.3

3-71

2.0

1.8

1.7

1.7

1.7

1.9

2.2

2.5

3.0

3.7

3.5

2.7

4.3

2.8

3.4

io?*o
107*4
10«*5

4-71

2.1

1.9

1.«

1.8

1.8

2.0

2.3

2.6

3.0

3.6

3.5

2.9

4.1

3.0

3.4

J.4

1-7?

2.2

2.1

2.0

1.9

2.0

2.2

2.4

2.7

3.1

3.7

3.6

3.1

4.1

3.3

3.6

3.7

4.1

>-72

2.4

2.3

2.2

2.2

2.3

2.5

2.8

3.1

3.4

4.0

3.9

3.5

4.5

3.9

4.3

4.4

5.2

4.3

3-72

2.5

2.4

2.3

2.3

2.4

2.6

2.8

3.1

3.5

13 . 9

3.9

3.5

4.3

3.8

4.1

4.3

4.7

4.9

4-67

1-6*

2-èS

T-6S

4-68

2-69

3-69

4-69

1-70

2-70

3-70

4-70

1-71

2-71

3-71

4-71

|

109*4
1 10*5
1 12*2
3.4

1

1 13 *2*

l -t l

w t . TMr w rv




" »»g »u g ft ftV *gflï«At k l H W è k k m
0CT08H

31*

I 972

fl* f i . ' L f t Jt i

11
PRODUCTIVITY, COMPENSATION, ANO LABOR COSTS
RATIO SCALE

RATIO SCALE

1967-100

KAtOKALLY ADJUSTED

1964

1965

1966

1967

1968

1967-100

1969

1970

1971

1972

M M H « l . t . MPAftTMtUT

*

LAM «

P tIK tM TA M t A M A- « M L M T U * CMAWf F M P U I M t I M I C A T U .
L A T ttT M T A P L t T T M , M * « M a m PMLIMIMAAY
tATA M V IS C t f i m

lt d .
P ttP A M * §Y P U t l A l M S t t V t

o r t t t o

^

c o s t s * tot

rO N P Q U N D C l)

INAL
£H|W TF r

ANNUAL

4-67

1-68

1-68

4*2

3-68

4-68

1-69

2-60

3-69

4-69

O F C KA N G F

QUARTER

1-70

2-70

1967 *
3-70

4-70

1-71

2-71

3-71

4-71

1-72

100

2-72

4 »4

2-68

2-6*

At pR r v r m r n m o w Y

R A TE S

I N IT IA L

8AMK t f $ T . I M l t

4 *0

1 02 .5
1 0 3 .5

3-68

4 .0

5*1

6*3

4-68

5*4

5*3

6*7

7*0

1-60

5*6

6*0

6 *6

6 .8

6*5

2-69

6*2

6*5

7*1

7*4

7*6

8*7

3-6<>

6. 3

6 *7

7*2

7*4

7*6

8*1

7*4

4-69

♦
o

7* >

7 **

8.1

8*3

8*9

9*0

10*7

1 05 ,1
1 0 6 .9
1 0 8 .6
110*9
1 1 2 .9
115. 8

1—70

^♦
1

7*4

7*9

8*1

* .4

8 .8

8*9

9*6

8*6

2-70

**^

6 *7

7*1

7*2

7*2

7* 4

7*0

6*9

5*1

118*2

1

1 1 **7

•*-70

6 *|

6 *3

6 *6

6*6

6*5

6*5

6*1

5*8

4*2

2*0

2*4

4-70

6 .2

6*4

6*6

6*7

6*6

6 *6

6*3

6*0

4*9

3*7

4*8

7 .2

l- * l

5*9

6 *0

6*2

6*1

6*0

6*0

5*6

5*3

4*3

3*2

3*7

4*4

>-71

*> 7
♦

5 *8

*♦0

5*o

5*8

5*8

5*4

5*1

4*2

3*4

3*8

4 *3

2 .8

.

1-71

5*5

5*6

5*7

5*6

5 *5

5*4

5*0

4*8

3*9

3*2

3*5

3 .8

2 .6

A. 1

119*4

121*5

\

+2 5 %

122*0

X

123*2

J.iX .

123*9

4-71

5*2

5*3

5*3

5*3

5*1

5*0

4*6

4*3

3*6

2 .9

3 .1

3 .2

2 .2

2 .4

1 .6

1 .0

1—7?

*5.2

5*2

*♦3

5*2

5*1

5*0

4 *7

4*4

3*7

3*1

3 .3

3*5

2 .8

3 .0

2 .7

2 .9

4 .9 ^ ^

U 5 *7

2-72

4*0

4*9

4 *9

4*8

4*7

4*6

4*2

3*9

3*3

2*7

2 .8

2*9

2 .2

2 .3

1 .9

1 .7

2 .1

- 0 .6 ^ ^ ^

1 2 5 .5

1-72

4 *t

4*6

4*7

4*6

4*4

4*2

3*9

3*6

3*0

IT T !

2 .5

2 .6

1 .9

2 .0

1 .6

1*4

1*5

- Q .2

0 .3

4-68

1-69

2-69

3-69

4-69

1-76

2-70

3-70

4-70

1-71

>-71

3-71

4-71

1-7*

*-7*

4- 47

in it ia l

1 24 ,2

1

U V 6P

o uartfr

p. M F lW W k W




MfEAftfft *V t m t k i ffF SfftVfe M w 6# it * 16UB
OCTOBER 31,

1072

12
CONSUME* P R IC E IN O EX , SEASONALLY 40.10*160
CQNPQUNOEO AHNUAL RATES Of CH4*£E

1947

l * t l U Mi J j PWTg
j . 7l
4-71

4-71

3-7j

6-71

7-71

»-7t

9-71 10-71

11-7)

U-71

1-72

¡» ? ?

3-72

4 »?2

3-72

6-72

7-72

»-7^

W

5-71
4 .7

5*5

-H U g4 .0 ____ 3 .1

4 .1

-111____ h i

3 .9

4 .0

3 .0

10-71

_ L l Z____ L J> ____ L*1____ k ± _

11-71

1-72

J r J l

3 .5
3 .5

2 .7

3 .5

3.1

2 .5

1 .9

1 .3

3 .9

3 .6

3 .4

U h H -

Jh _S____i t i ____L t l ___ i i J ____i l l ____i l l ____

-2£5____ i l l ____ 111____ h i ____ ?♦ !

-b± ...li.1t___ 3*2

2+9

>+1

3 +4

3*7____ h i ____ h i ____ h ±f.

2+
9

3*0

3*2

3*3

3+
0

3*0

3 .2

3*1

l± U

3 .3 ____ 3*0

2+9

2 ,g

2* 7

2*$

1 *0

3*1

2*9____ I t f f _____________ 111____ 111____ h i

-111____ l t i ____ i±2____ L J ____ 3+0

2*9

3 .1

3 ,2

3*3

3+2____ 3+2

3 .4

3 .3

■1 «?

. ? i 9____3*3

3*2___ 2*1___ L ti___ L l2_

.» t ill.

1.5___________ 3*4____3*_3___________ L l 2___ 1±0_
U iiU -

3+0____ i l l ____ ¿ j J ____ h i

2+4

- l i l ____ l i l ____ i i i ____ I i J ____ 3 i£ ____ i i 2 ____ h i ____ h i ____ h i ____ h i ____ h i ____ i t ?

9-72

JL ib Z L ,

- U M l.

-111____ 111____ 3 ^ ____ ¿ ¿ 9 ____ ¿ ¿ 9 ____ ________ 2^9____ I t i ____ i j r ____ I j± _

*-72

iL L .

i s :

2 .1

M l ____ i l i ____L lS ____i i * ____l i 5 ____h J L

3-72

-I z H —

tH -

120.>2

7-71

12-71

100

*»_72

________________________________________________________ _________

3» 1

»

U lilL
A lh ± L _

h 9____ 2 i i ____ h i ____ h i ____ h i

3 .3

3-71

- i l l ____ h i ____ h i ____ h i ____ h i ____ h i ____ 111____ 111____ h i ____ h i ____ h ± ____ h i ____ h i ____ t i l ____ 111----i i J L

3 .3

-J.tl

-1x1____ i l l ____ hJL I

4-7l " 5 - f r

«•»

____ l t i ____ h i ____ h i ____ 1x5____ h i ____ h i ____ i l l ____ h i ____ i i i _

I

6 -7 1"

12-h

---------------------------------------------------------a t f r a

l- 7 i'2 - V 2

3 - f*

4 - fi

4-1}

6-72

7 - Ji

$-72

IN O U S T R U L

u til? -

4 -T *

hc t h------------------------------------------------------- ^

PREPA RE0 6Y FEOERAL RESERV E
NOVEMBER 21» 1972
WHOLESALE P R IC E S -

4

____111

C O N M O O IT IE S t

oTsTTuSuTF

SEASO NA LLY AOJUSTEO

_____________ _____CttlPflUhttfcP AftNUAi BATES Of CHAHQI---------------MONTH

3-71

4-

3-71

¿-71

7-71

ft-71

9-71

10—
71 11-71

12-71

1-72

2-72

3-72

4-72

»-72

6-72

7-72

ft-77

9-72

A*71
111-49

1 -71

3.i>

A-71

<
1.1

7*71

*. A

i.7

7- *

«•71

3 .0

/».ft

7 . ft

4*7

4 .1

¿ .4

0-71

1 11 .4 7

4. 1

1 1 4 .U
A.ft

f V

t 1 3 .2 7

,

* .ft

V S s
• ft. 4
^

»rt.71

<- 7
1

l.ft

>.7

1. X

• 1 .4

1 1*71

1 .4

7 .7

2.A

1 .1

• ft.3

17*71

1 .4

7 .7

7 .*

1 .A

ft.”
*

!!« .» •

• ?.

1 1 3 .Aft

\

114 .1 2

,3
ft.\\
t

7.1
).P

1*77

1 .3

?.o

7 .A

>.o

1.1

1 .A

7*77

1. *

1.1

1.ft

? .4

1 .7

1 M .M

% .A

4. A

I1 3 .» fl

4 . < S\ ^
*V

4 .ft

7.
?.

\

4 .«

\ + 2 . 6 %

1.77

1. A

1 .7

».1

1 .0

1 .1

* .•

4 .7

4.1

1 .7

4 .7 ?

1 .7

1. 1

*.*

?.4

,|

t.A

4.1

4 .4

4 .«

4. 1

*• 7?

1. 7

•*.4

1 .4

?.A

,n

» .7

4.1

4 .4

4 .4

4. 1

4-77

* .A

1 .4

l.<

7.7?

1. A

1.*

1.*

ft*77

l.a

^ .A

1.«,

a . 7?

1 .7

1. *

1.*

1ft«77

1. *

1 14 .2 4

3—71

i.ft

3-71




6-71

1 1 7 .A7
4 .A

117 .4 4

4.
4« .

■. 1
x

? .A

? .o

,

i

\

1 1 7 .« 7

*.•

4.1

4.*

4.1

A. 1

4.4

fti .1

1 .0

? .•

1.«

V, ?

l.ft

4 .1

4.1

4.1

4 .?

4 .4

4,. 7

4 .1

1 .7

X

l i f t . 24
1 1ft.4ft

7-71

^, 2

1 .7

4 . ft

4.1

4.1

1 .0

4 .1

.A

1 .7

1 .2

1 .4

7 .4

F J.aI

?

4

114.47

7.

1 .1

!.*

1 .A

1 .«

1.1

1. 1

1 .ft

7.7

7.1

1 .0

ft.A

«-71

9-71

10-71

11-71

12-71

1-72

2-72

3-72

4-72

5-72

6-72

7-72

e-72

IN IT IA L

l i f t . 41
_®1 ± ] 1
a

11ft. ft/1

9-72

MONTH

PREPAREO r r FEDERAL R ESER V E BANK 0 * S T . L O U IS
___
NOVFHftfiR 3 . 1972

13
PRICES

RAT 0 S C A L E

196 -100
130

RATI O

SC

1967- 100
130

SEASONALLY ADJUSTED

125

125

120

120

115

115

110

n o

105

130
125

100

120

95

115
90
110

l 8§

105

100

100

95

95

90

90
1964

1965

1966

1967

1968

1969

1970

1971

1972

PERCENTAOES ARE ANNUAL RATES OF CHANCE FOR PERI 003 INOICATEO.
LATEST OATA PLOTTEOi OCTOBER




fREPAREO BY FEOERAL RESERVE BANK OF ST. LOOIS

14
XH 0LFSAL6 P R IC E S

- ALL C C N M O O lTlfS*

SEASONALLY A O JU ST tO

______________________________ ________________________________ CQflPQUNOEP AhNUAL &AICS Of CHAMSE---------------------------------------------------------------------------------------------------------- ---------------T C f f llM Il_______________________________________________________________________ I N IT IA L

WOHTh--------------------------------------------------------------- I t t ?

«

1M-

m on th

4-71

3

4-71

4-71

7-71

ft-71

0-71

10-71

11-71

12-71

1-72

2-72

3-72

4-72

6-72

5-72

7-72

ft-72

9-72
111 .2 1

4-71

111*99

4-71

3.7

4-7!

4.1

4.0

7-71

3.4

3.4

?.3

1 1 4 .0 0

ft- 71

4.0

4.4

*.7

0-71

3.?

3.1

3.n

1 1 9 .0 4

0. ?

?.4

10- 71

114 .2 2

114 .7 1
1. A

?.3

11- 71

?. 7

?.4

?.l

1>-71

3.3

3

3.0

1 1 4 .t t
1 19 .0 1

1.6

1.4

3.1

1.7

3 .4

4.3

ft

1 14 .3 2

1-7?

3.7

3.7

3.4

3.7

?.A

4.3

4. 1

7.

?-7?

4 . ft

4.1*1

3.0

4.1

3.3

4.*

4.4

4.0

6.7

- 1 - 7?

5.7

3.7

3.6

3 .a

1.0

4 .?

4.7

4.4

4.0

1.3

4-7?

3.7

3.7

3.6

3.7

3.1

4 .1

4.4

4.1

3.A

? .4

3.4

1 1 4 .9 9
1 1 7 .0 *
117.41
1 1 7 .9 4

4-7?

3.0

3.0

3.8

3.0

3 .4

4 .3

4.6

4.?

4.2

3.4

4.5

5 .6

4*7?

4. ( 1

4.0

1.0

4.1

1.6

4.4

4 . (1

4.?

4.4

4.0

4.0

5 .6

4.7

7 »7 ?

4.3

4.3

4.1

4.4

4 .0

4. A

4. >

4*7

4.?

4 .0

4. A

6 .4

7 .?

a .6

A-7?

4.*

4.4

4.S

4.7

4.4

4. 1

4 .4

4.0

4.4

4.4

4. ?

7.0

7 .4

a .3

1 1 4 .4 «
ll« .ll
1 2 0 .0 7

7 .9

120 .4 2

0-7?

4.4

V.4

4.4

4 .4

4 .3

4.0

4. 3

4.7

4.3

4.1

4.A

6.3

6 .4

6.7

5.7

3.6

10-7?

4.3

^.3

4 .3

4 .4

4 .0

4 .7

4 .0

4.2

4 .A

4.6

4.1

5 .4

5 .3

5 .2

4 .1

2 .2

0 .0

4-71

5-71

6-71

7-71

«-71

9-71

10-71

11-71

2-7 2

3-72

4-72

5-72

6-7?

7-72

8-72

9-72

12

1-72

I N IT IA L

PM PA M O

XH O Le$A Lf P P IC iS - F A A M

BY F |0 6 * A L M S 6 R V 6
3,

PRODUCTS ANO PROCCSSCO FOCOS ANO F ff O S »
e ?

120.91

MONTH

N O V fN f tf *

------------------------------------------------------ t f l ' i n u w

A f t t lU A J ^ & A J C .S

O f

8A*K 0 * ST*

touts

1972

SC A S.

A O J.

C H A N & 6 ________________________________________________________________________________________________

I1 P 1 I1 U ----------------------------------------------------miTlAL-HflflTH_____________________________________________________________1947 « 100
MONTH

3-71

4-71

5-71

6-71

4-71

4 .3
4 .3

3.2

1.1

- 0 .7

-2.1
3 .6

3 .?

11-71

12-71

1-72

2-72

3-72

4-72

5-72

4-72

7-72

•-72

9-72

•A 1

3 .2

10-71

* .3

7-71

9-71

2.1

6-71

8-71

6 .6

5-71

7-71

a-71

3 .9

0-71

1 11 .5

0 .7

1 1 1 .7
114.1

-1.1

1 13 .3
1 5 .9

1 14 .7

0 .0 - 1 3 .7

1 1 1 .1

10-71

?.6

1 .9

1.9

1 .3

11-71

2 .8

2 .3

2 .3

1 .9

4 .6

1 .1

9 .3

4 .3

12-71

4 .4

4 .1

* .4

4 .4

7 .1

5 .1

12.2

1 0.9

1 8.0

7 .7

6 .2

1 1.8

10.9

14.4

1 0.8

12.5

1 2 .C

1 4.7

1 3.0

15.3

1 1 4 .0
1 1 8 .4

14.7

1 14 .6
1 19 .0
1 14 .4

1-72

5 .0

4 .a

5 .2

5 .3

2-72

5 .9

5 .9

6 .3

6 .5

3-7?

5 .0

4 .0

5 .2

5 .3

7 .1

5 .9

0 .6

8 .4

0 .7

7 .0

5 .2

4-72

4 .6

4 .4

4 .6

4 .6

6 .2

5 .0

8 .0

6 .9

7 .5

5 .0

3 .1

5-72

4 .9

4 .8

5 .0

5 .1

6 .5

5 .5

8 .2

7 .3

7 .8

5 .9

4 .7

1 .4 _ 4 .1

9 .5

6-72

5 .0

4 .9

5.1

5 .?

6 .5

4 .6

8 .0

7 .2

7 .6

5 .*

4 .0

2 .5

7 .8

6 .2

7-T?

6 .1

6.1

6.4

6 .4

7 .0

7 .2

0 .5

8 .0

9 .5

8 .4

8 .0

6 .6

9 .4

13.1

1 4 .0

2 4 .4

8-7?

6 .4

6 .S

7.1

7 .3

10.2

o .a

10.4

0 .5

0 .4

8 .4

11.1

14.3

1 5.9

21.2

1 8.0

0-7 ?

7 .0

7 .0

7.3

7 .5

8 .7

8 .2

10.2

0 .8

1 0.4

0 .6

0 .5

8 .6

10.9

13.5

1 4 .5

17.4

1 4.0

10.1

1C-7?

6 .7

6 .7

7.0

7.1

ft.2

7 .7

0 .6

0 .2

0 .6

8 .8

8 .6

7. B

9 .6

1 1.4

1 1 .8

13.3

9 .8

6 .0

1 .9

3-71

4-71

5-71

6-71

7-71

8-71

9-71

10-71

n-71

12-71

1-72

2-7 2

3-72

4-72

5-72

6-72

7-72

8-72

9-72




i

1 1 4 .6 «

7.3

IN IT IA L

1 17 .6

- 2 .5

- 1 .0

1 1 4 .9
119 .4
1 2 0 .0
1 22.2
1 2 1 .0
1 2 4 .0
125.1

NONTH

PR6PAACD eY FEOFHAL R C S fR V l 4ANK OF S T . L O U IS
N O V fM M * 3« 1972

_

i

15
GENERAL P R I C E

INDEX*

RATIO SCALE

RATIO SCALE

1958-100

1964

1958-100

1965

1966

■*$ M C I (h HAT I « U L

1967

1968

1969

INCOME A C C M H Tf

1970

1971

1972
Of C O W Ä Ä U

«M ttC C t • .$ . H f M T l f f l t T

Of CttAJXt F M P C R IO tt I M l C A T U .

f € t C f W T A « t A«C A« WAL I A T I S

LATEST IATA PLOTTEft S M OOAiTtt
PfttPAfttO IT FEDERAL U t t l Y f tAMC *

________________i m p l i c i t

p r ic e

pefla to r

fo r

g ro ss

n a t io n a l

8T» L « H S

p r o d u c t _________________

COMPOUNDED ANNUAL R ATES Of CHANGE
TERM INAL

I N IT IA L

QUARTER

1^58 *

100

QUARTER
4-*f
1-68

t-6üT ¿- 6 é "

4-¿é

" T - ó T " Í- 6 *

4-69

l->0

Ï- U

3-*0

t- n

4-tÓ

¿- rr

¿- rr"

i -ti

1 ¿ 0 .42

3.6

2-6Ô

4.Ò

4-68

'

•*.è

11-60

4.1

4. Ï

4.5

1 ^ \ + 4 .8 %
4 .6

4. 3

4.4

4.4

4 .7 '

3 .8 ”

4 .4

"4;'5_

4'."ft

5.0

” 4-6“9

4 .7

4 .9

5.0

1 ¿ 4 .¿ ¿

4.2

4;t "

t-6 *

1 2 1 .*?
122.87

4.5

T .T "'" T . T “
* .¿

5.3

t¡K .* 5
5.5
5.8
*♦>

\_

1 ¿7 .¿4

* ^ \ + 6 .0 %
6.1
5.8

T O '. T T " '

5 .5

130.88

----- 1
6 .0 1 6 .0

N
6.5

1-TÔ

4 .4

5.1

5.3

5.4

2 -iO

4 .9

* .o

5.1

5 .3

4.4

5.6

5.6

5.4

5.4

4 .3

3-TO

4 .8

4 .9

5.0

5.1

5. ¿

5.3

5.3

5 .i

5 .0

4.2

4 .0

4-tO

4 .9

4 .Ó

5.5

5.5

M '

5 .i

4 .9

* .2

/. iN
i

vX

1-71

5.0

5. 1

4.2

5.3

5.4

5.5

5.5

5.5

5.4

5.2

5.5

6 .2

5.9

2-71

5.0

5.1

5.2

5.2

5.3

5.4

5.4

5.3

5.3

5.0

5.2

5.6

5.1

4 .0

4.4

4‘ *
Î.6

?.9

i.4

* .¿ '

1 3 ?.9 7

r X
/o

134.38
135.71
t i * . è*
\

139.84
141.34

+ 3 .0 %

3-71

4 .8

4 .9

5 .0

5.0

5.1

5 .2

5.1

5 .0

4 .9

4 .6

4 .7

4-71

4.6

4 .7

4 .7

4 .8

4 .8

4 .8

4.7

4 .6

4 .5

4.2

4 .2

4 .2

3.6

2 .9

2.2

1.5

1-7?

4.6

4 .>

4 .8

4 .8

4 .8

4 .8

4 .8

4 .6

4.6

4.3

4.3

4 .4

3.9

3.5

3.2

3.3

5.1

142.35
142.88
144.68

2-72

4.5

4.5

4 .6

4 .6

4.6

4 .6

4 .4

4.4

4.3

4 .0

4 .0

4 .0

3.6

3.1

2 .8

2.8

3.5

i.è

V

145.34

3-72

4 .4

4.4

4 .4

4 .4

4.4

4.4

4 .4

4 .2

4.1

3.9

3.8

3.8

3.4

3.0

2 .7

2.7

3.1

2*1

2.4 1

146.21

V67

I- * ?

2-68

Z -tf

?-*9

4 - t?

l-TQ

2-79

3-70

4-70

1-7.1

2 -7i

. l i l i ,.,*-71

1-72




ÍTJtíL-

IN IT IA I

2-72

QUARTEP

p*epjft£p ey
NOVEMBER !?♦

fe d eli

1972

*e $ E *ve

ba n k

qp

$t .

l o u is

I N V E N T O R I E S COMPARED WI TH MONTHLY S A L E S *
MANUFACTURING

AND

TRADE.

72

68
64

60

1 .60

56

52

48

44

40

36
1965
«RATIOS

1966 1967

BASED ON SEASONALLY ADJUSTED DATA.

1968 1969

SOURCEt

1970

1971

1972

U.S.DEPARTMENT OF COMMERCE

SHADED AREAS REPRESENT PERIODS OF B U S I N E S S RECESSIONS
AS DEFINED BY THE NATIONAL BUREAU OF ECONOMIC RESEARCH.
LATEST DATA PLOTTEDi SEPTEMBER PREL IM INA RY
DATA RE V ISE D FROM 1966.




PREPARED BY FEDERAL RESERVE BANK OF ST.

LOU IS


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102