Full text of National Economic Trends : November 1972
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
n f liio n o i economic PREPARED MONTH B4DING: BY October 31, 1972 FEDERAL RESERVE BANK trcrds 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 ■X-, 7 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 . AQ*623 «1 .2 4 1 V * 0 .4 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. ? 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 1 12-71 IN IT IA L . r 1. V,? 5 -7 1 0 .0 2 0 A O . 09® --------- N - « A.77 4— « --------^ «-7 ? 3 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 .±=,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 _ 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 0. 70# 861 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 ft ft 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 ft 8-71 9-7 ft 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 . 2 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 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 COf«f>CU*UgO ÀiNUâl RATES 0* ÇHâNÇf T FRM |S4L WUHf h IN IT IA L V- 71 4-71 3*3 4-71 5-71 6-71 7-71 9-71 9-71 10-71 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 THTEUIW1U 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 U r? *5-71 s ? 6-71 6 ,s 7-71 * ,9 0.7 1 _11-71 . ?- 7 ? 8-71 10-71 n-71 12-71 4 ,5 1-72 1 ? ,^ 2 -7 ? 4-7? 6ouA*s 5-7 ? 6 -7 ? 7-72 8-72 9-72 l,V 3 3 ,8 2 7 3 3,68 8 -*♦*» *, r 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 5 .4 3 5,2 1 9 5 ,9 5 *? 6. 3 6. * 7.4 6 .4 S ' 9,4 10*7 1 0,5 W i’ _ JQ ,4 7 ,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 10.7 1 ? .3 % ,6 i* ,? l'* l *t..1 W rl s s °- 7 ? » .6 ft, * _lQ-7? io ,i 1 0 ,c 3-71 4.-71 1J . > 3 5,3 4 5 + 1 0.0% 30.1 Q, 1 io ,s 3 4 ,* 8 6 1 7^ o\ 1 9 .C 10#« H ,0 8 .0 12,4 1 v. 7 - 2 ,6 7 . fr *, 9 3 ,3 3 4,89 6 -o> s. 4 ,9 0» 7 7-7 2 '5 , 5 7 4 * t? 7 .7 5-7? «♦- 34,964 • 8 A V 1 0,5 H.* o-7? H i l l IONS 03-7? 33,502 *-72 - W ? *-7J 33*578 12-71 i-7j> 7-71 OP CHANQfc m on th - ?,7 #-71 . IC - Il V 7l 6-71 SALES PATFS 3 6 ,4 5 0 3 6 ,2 8 7 31 .3 A ,9 7,6 ? 10, 3 6,80 2 u ,? >.7 1 9 ^ ^ 3 7 ,3 4 8 1*», 6 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 ^ < ? 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€«$ONAi f U^AMC CCWP0UH0C0 ANNUAL M T f S Of CHANCE IN I T I A L TERMINAL MONTH ftI L L IONS MONTH kM K 3-71 4-71 5-71 6-71 7-71 8-71 9-71 6 ,6 5-71 7 .7 8 .8 6-71 1 5 .3 1 9.9 7-71 7,1 7*3 6*5 - 1 4 ,| 8-71 7 .6 7 ,9 7f 6 -2*9 }- ? ? 4-72 ^—72 6-72 7-72 t- 7 ? A a T II ?- 7 2 • 7 1 .4 869 .1 9*7 7,1 7*2 6*8 -0*5 6 .6 *♦1 0 *5 5 ,9 4 ,0 3*6 11-71 6 ,6 6*6 ¿♦2 1 .7 6 ,0 4 ,8 5*1 12-71 7t 6 7*7 M 3*9 8*0 7 ,5 m *2 7 * 0 _ . 4 *4 8 .2 8 .1 5*1 8*6 8*4 8t 5 9 .7 * t7 6*1 9*3 9 ,3 **4 8 .6 8 .5 6*2 9*0 8*9 8 .3 a ,5 8*5 6 ,4 8*9 8*$ 8 ,6 8*5 4-72 2-72 •♦2*4 6. 6 3-72 1-72 3 2 .0 9-71 *- 7 * 12-71 8 5 3 ,4 10-71 8 .0 11-71 • 4 7 .4 4-71 1-72 10-71 M 8 7 4 .8 • 7 9 .4 6*5 m *4 ll * 2 L 16*1 11*5 14,1 \h \ 12*0 \} • * 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_ 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 572T T . T " 7 .T *-69 è75.5 è .6 “r : r ~ " T “ T .7 1A " 9 0 7 .0 T .T " "77è'"' " 7 3 " 925.5 T76 " T .T "-" i . è 4-69 t.é !-T<T “T .l— 6 .5"" 4.5 " 774 ■ ¿•io "T.T" “ 77T“ 6 .4 6 .9 1-71 3 - tl >75 ... ■ r/ r 4-71 7.2 1-72 ~ rrr~ 5-72 ■-T-.7 èa r % 5.6 i.i 6.6 6.2 5.4 ■575' 5.5 \ 3.4 +4.1% ¿>.0 6.5 ’5.7 5.5 4 .* 4 .9 5.8 \ 6 .0 5.7 ' T74 4 .7 5.-4" 5*i “ 4.7 ■ 4. i 5.3 6.Ò'~' 6.1 4 .4 *.T 6. 5 7.2 6 .2 6 .0 5. 7.1 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 1-68 2-69 “ 774" 1-69 7.4” 2-69 "7.1 -*i 4 "TU " M è.o é .i Ì.Ó 5 3 .4 .3 ^ n<> 1 .0 4 3 .0 + 9 .7 % 1.05fc.9 i.i 1 ♦0^8.1 7 .4 8 .9 7 .2 6 .8 è .i 9.5 8 .4 8 .5 10.1 é.6 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 T 9A9. 7 6.4 “77§"“ ” 9 9 86 . 3 n ÌN «>:< 1 .4 7 9 4 è. 971. 4/i ' ' Ì " 6.1 941. 9 5 8 .0 6.” 4 it t ■ T.é" ” 7.7 ” "S=TF ■ 4-67 6.2 ■"TT“ O ■— 75"" 2-71 6 .y ■ "7.f" '7.T i-to ©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 COMPOUNOEO ANNUAL RATES Of CHANCE TERMINAI. WARTCR INITtAL QUARTER 4-67 1-6« 9 .4 2-68 6 .4 1-6« 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 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 \ 1.6 V 1.3 0 .7 0 .4 Ò.l - 0 .3 - Ó .7 - i.O - 0 .4 - 1 .4 - 4 .8 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 " ■ ■ “ 7-57.5- ..... 1-72 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 " Vié.o ¿-72 1-70 ■ 7 26 .8 1 .9 1-69 755.1 ""72 *.5 V . 2.1 4-67 755. é ’ “ 7ÌS-.5 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 LJ-------- 1---------«-------- »---------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--s7 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« 4.4 2-68 4.0 2-6« 3-6« 4-68 1-69 2-69 3-69 4-69 l 1-68 QUARTFR 2-70 o IN IT IA I 4-67 1947 • 100 3-70 4-70 1-71 2-71 3-71 4-71 1-72 2-72 101*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 Kr — 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 »4 2-68 4*2 4 *0 2-6* 3-68 4-68 1-69 2-60 3-69 4-69 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 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 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 .3 3 .9 3 .6 3 .4 - U M l. 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_ -J.tl 3-71 .» 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 , i s : 2 .1 -111____ 111____ 3 ^ ____ ¿ ¿ 9 ____ ¿ ¿ 9 ____ ________ 2^9____ I t i ____ i j r ____ I j± _ *-72 iL L . 1 .9 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 - 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 -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 <1- 7 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 f t . ”* !!« .» • • ?. 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 7. ?. \ 1 M .M % .A 4 .< *V S \ ^ 4 .ft 4. A 4 .« I1 3 .» fl \ + 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. * 3—71 i.ft 3-71 6-71 114.47 1 1 7 .A7 4 .A 117 .4 4 4. 4« . ■x. 1 ? .A V, ? l.ft ? .o ? 4 1 14 .2 4 7-71 , i \ 1 1 7 .« 7 *.• 4.1 4.* 4.1 A. 1 4.4 fti .1 1 .0 ? .• 1.« 4 .1 4.1 4.1 4 .? 4 .4 4,. 7 4 .1 1 .7 X l i f t . 24 1 1ft.4ft ^, 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 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 ±a ] 1 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 ?.4 10- 71 3.n 114 .2 2 1 1 9 .0 4 0. ? 114 .7 1 ?.3 11- 71 ?. 7 ?.4 ?.l 1>-71 3.3 3 3.0 1. A 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 XH O Le$A Lf P P IC iS - F A A M e ? 120.91 MONTH PM PA M O BY F |0 6 * A L M S 6 R V 6 N O V fN f tf * 3, PRODUCTS ANO PROCCSSCO FOCOS ANO F ff O S » ------------------------------------------------------ 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 6 .6 5-71 4 .3 2.1 6-71 4 .3 3.2 * .3 7-71 1.1 - 0 .7 -2.1 •A 1 3 .2 3 .6 3 .? a-71 3 .9 0-71 0 .7 7-71 8-71 9-71 10-71 11-71 12-71 1-72 2-72 3-72 4-72 5-72 4-72 7-72 •-72 9-72 1 11 .5 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 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 •*.è 11-60 4.Ò 4-68 4.1 ' 4. Ï 4.5 1 2 1 .*? 122.87 4.5 1 ^ \ + 4 .8 % 4 .6 4. 3 4.4 4.4 4.2 4;t " 4 .7 ' 3 .8 ” 4 .4 "4;'5_ 4'."ft 5.0 4 .7 4 .9 5.0 t-6 * ” 4-6“9 t-6üT ¿- 6 é " T .T "'" T . T “ * .¿ 5.3 1 ¿ 4 .¿ ¿ 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 / i . iN 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
@FedFRASER