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nnnonRL Economic m enis
PREPARED BY FEDERAL

MONTH ENDING:

September 30, 1968

RESERVE

BANK OF ST. LOUIS

RELEASED:

October 23, 1968

Total spending continued to grow rapidly during the third quarter
of this year, increasing at about a 9 per cent annual rate. During the first
two quarters of 1968, growth was at about an 11 per cent rate, compared
with the 6 per cent rate of increase from 1957 to 1967. Cutbacks in steel
inventories, following avoidance of a major strike in the steel industry,
accounted for much of the moderate slowdown in total spending. The third
quarter increase reflects a 5 per cent rate of gain in real product and a
4 per cent rate of increase in prices. Final sales, that is total spending
other than changes in inventories, grew at a 10 per cent annual rate in the
third quarter, about the same as in the two preceding quarters. Disposable
personal income grew at a 4 per cent annual rate in the third quarter after
increasing at a 10 per cent rate in the first half.
Consumer demand showed no immediate effect from the increase
in Federal income taxes and reduced rate of growth of disposable income;
consumer spending rose at a 10. 6 per cent annual rate from the second to
the third quarter, little changed from the rapid rate of the first half of the
year. The recent increase in consumer demand was accompanied by a
decline in the savings rate of individuals.
Payroll employment has increased at about a 3 per cent annual
rate since the beginning of this year. Total civilian employment has shown
little net change in recent months. Industrial production declined in August
and September due to slowdowns in production of iron, steel, and various
other industrial m aterials. During the preceding year industrial production
had increased about 5 per cent.
The general price level increased at a 3 .7 per cent annual rate
in the third quarter, slightly below the first half rate, but more than twice
the 1.5 per cent rate of 1959-1965. Consumer prices have risen at about
a 5 per cent annual rate since early this year, compared with a 4 per cent
rate from May, 1967 to February, 1968, a 3 per cent rate from 1965 to
1967, and a 1 .3 per cent rate from 1961 to 1965.




2
TOTAL C IV IL IA N

EMPLOYMENT

ÇPWPOÜNQEP ANNUAL .«U T ES

I g ? ? 1NAL___________________________________________________________ ____
MONTH
0 2 -6 7 0 3 - 6 7 0 4 -6 7 0 5 -6 7 0 6 - 6 7 0 7 - 6 7 0 8 -6 7 0 9 -6 7

Of- CHANGE

THOUSANDS
IN IT IA L MONTH____________________________________________________________________OF PERSONS
1 0 -6 7

1 1 -6 7

1 2 -6 7 0 1 - 6 8

0 2 -6 8

0 3 -6 8

0 4 -6 8 0 5 - 6 8 0 6 - 6 8 0 7 - 6 8 0 8 - 6 8

0 3 -6 7

3 .8 -

0*1—6 7

1 .0 - •

1 .9

0 5 -6 7

2 .7 --

2 .2 -

6 .1 -

0 6 -6 7

.4

1 .9

1 .9

1 0 .6

0 7 -6 7

!.*»

2 .7

3 .0

7 .8

0 8 -6 7

1 .6

2 .8

3 .0

6 .2

4 .1

3 .0

0 9 -6 7

1 .3

2 .2

2 .3

4 .5

2 .6

1 .3

1 0 -6 7

1.*»

2 .1

2 .2

3 .9

2 .3

1 .4

.6

1 .6

1 1 -6 7

1 .7

2 .4

2 .5

4 .0

2 .7

2 .1

1 .8

3 .0

4 .4

1 2 -6 7

2 .5

3 .2

3 .3

4 .8

3 .8

3 .6

3 .7

5 .1

7 .0

9 .6

0 1 -6 8

1 .6

2 .2

2 .2

3 .3

2 .3

1 .9

1 .6

2 .1

2 .3

1 .3

6 .3 -

0 2 -6 8

2 .3

2 .8

2 .9

4 .0

3 .2

2 .9

2 .9

3 .6

4 .1

3 .9

1 .2

9 .4

0 3 -6 8

2 .2

2 .7

2 .8

3 .7

3 .0

2 .7

2 .6

3 .1

3 .5

3 .2

1 .2

5 .2

0*»—6 8

1 .8

2 .3

2 .3

3 .1

2 .4

2 .1

2 .0

2 .3

2 .4

2 .0

.2

2 .5

0 5 -6 8

1 .9

2 .3

2.*»

3 .1

2 .5

2 .2

2 .1

2 .4

2 .5

2 .2

.8

2 .7

.5

.2

3 .1

0 6 -6 8

2 .0

2 .U

2 .U

3 .1

2 .5

2 .3

2 .2

2 .5

2 .7

2 .4

1 .3

2 .8

1 .3

1 .3

3 .3

3 .5

0 7 -6 8

1 .9

2 .2

2 .3

2 .9

2 .3

2 .1

2 .0

2 .3

2 .3

2 .1

1 .1

2 .3

1 .0

.9

2 .1

1 .7

.2 -

0 8 -6 8

1 .7

2 .0

2 .0

2 .6

2 .0

1 .8

1 .7

1 .9

1 .9

1 .7

.7

1 .7

.5

.4

1 .2

.5

.9 -

0 9 -6 8

1 .6

1 .9

1 .9

2 .5

1 .9

1 .7

1 .6

1 .8

1 .8

1 .5

.7

1 .6

.5

.4

1 .0

.5

.5 —

C 2-6 7 C 3 -6 7 C*?-67 C5—67 C 6 -6 7 0 7 - 6 7 0 8 -6 7 0 9 -6 7

1 0 -6 7

1 1 -6 7

1 2 -6 7 0 1 -6 8

0 2 -6 8

0 3 -6 8

7 3 .8 2 2
7 3 ,9 3 9
7 3 .5 5 0
7 4 .1 6 9
5 .1

7 4 .Ü 7 8
7 4 .6 6 4
.4 -

7 U ,6 3 8
7 4 ,7 3 5
7 5 ,0 0 5
7 5 ,5 7 7
7 5 ,1 6 7
7 5 .7 3 1
1 .1

7 5 .8 0 2

.7 --

2 .6 -

7 5 .6 3 6
7 5 , 8?9
7 6,0*4 8
7 6 ,0 3 8
1 .7 .6 —

7 5 ,9 2 9
.4

C 4 -6 8 0 5 - 6 8 0 6 - 6 8 0 7 - 6 8 0 8 - 6 8

IN IT IA L MONTH

............................
PREPARED BY FEDERAL RESFRVE BANK OF S T . LOUIS
OCTOBER 10« 1968

PAYROLL EMPLOYMENT
COMPOUNDED ANNUAL RATES CF CHANGE

..

C 2 -6 7 0 3 -6 7
0 3 -6 7

THOUSANDS
OF PERSCNS

IN IT IA L MONTH

TERMINAL
*C K T H '
C*t—67 C 5 -6 7 C6—67 C 7 -6 7 0 8 -6 7

0 9 -6 7

1 0 -6 7

1 1 -6 7

7 5 .9 5 7

1 2 -6 7 0 1 -6 8

0 2 -6 8

0 3 -6 8

0 4 -6 8 0 5 - 6 8 0 6 - 6 8 0 7 - 6 8 0 8 - 6 8
6 5 .6 7 2

.5

6 5 ,6 1 9

0 4 -6 7

.2 -

0 5 -6 7

.2

.0

1 .1

0 6 - 6 7 ___

.8

.9

1 .9

2 .7

0 7 -6 7

1 .0

1 .1

1 .9

2 .3

1 .8

0 8 -6 7

1 .7

1 .9

2 .6

3 .1

3 .4

C 9-6 7

1 .3

1.*»

1 .9

2 .1

1 .9

1 .9

1 .2 -

1 0 -6 7

1 .5

1 .6

2 .0

2 .2

2 .1

2 .2

.9

3 .0

1 1 -6 7

2 .3

2 .5

3 .1

3 .4

3 .5

4 .0

3 .6

6 .1

9 .3

1 2 -6 7

2 .6

2 .8

3 .3

3 .6

3 .8

4 .2

4 .0

5 .8

7 .2

1 .0 -

6 5 .6 7 7
6 5 ,8 2 1
6 5 ,9 2 0
6 6 .1 8 6

5 .C
6 6 , 123

6 6 ,2 *6
6 6 .7 7 8
5 .2

6 7*0 6 0

0 1 -6 8

2 . *1

2 .5

2 .9

3 .2

3 .3

3 .5

3 .2

4 .3

4 .7

2 .6

.0

0 2 -6 8

3 .C

3 .2

3 .6

3 .9

4 .1

4 .4

4 .3

5 .5

6 .1

5 .0

4 .9

1 0 .2

0 3 -6 8

2 .8

2 .C

3 .*i

3 .6

3 .7

4 .0

3 .8

4 .7

5 .0

4 .0

3 .6

5 .5

1 .0

0*1-68

2 .8

2 .9

3 .3

3 .5

3 .5

3 .7

3 .6

4 .3

4 .5

3 .6

3 .1

4 .2

1 .4

0 5 -6 8

2 .6

2 .8

3 .1

3 .2

3 .3

3 .4

3 .3

3 .8

3 .9

3 .1

2 .6

3 .3

1 .1

1 .2

.7

0 6 -6 8

2 .7

2 .9

3 .2

3 .3

3 .4

3 .5

3 .4

3 .9

4 .0

3 .3

2 .9

3 .6

2 .0

2 .3

2 .6

4 .5

0 7 -6 8

2 .7

2 .8

3 .1

3 .3

3 .3

3 .4

3 .3

3 .7

3 .8

3 .1

2 .9

3 .3

2 .0

2 .3

2 .5

3 .4

2 .3

0 8 -6 8

2 .7

2 .8

3 .1

3 .2

3 .3

3 .4

3 .3

3 .7

3 .7

3 .1

2 .9

3 .3

2 .2

2 .4

2 .6

3 .2

2 .6

2 .9

0 9 -6 8

2 .7

2 .8

3 .C

3 .2

3 .3

2 .8

3 .2

2 .2

2 .4

2 .5

3 .0

2 .5

2 .6

C 2-6 7 0 3 - 6 7

C ii-6 7

1 2 -6 7 0 1 - 6 8

0 2 -6 8

0 3 -6 8

0 4 -6 8

3 .2

C 5 -6 7 0 6 - 6 7

3 .2

3 .5

3 .6

3 .0

6 7 -6 7 0 8 - 6 7

0 9 -6 7

1 0 -6 7

1 1 -6 7

6 7 . 058
6 7 .6 0 0
6 7 .6 5 6
1 .8

6 7 ,7 5 5
6 7 ,7 9 2
6 8 .0 3 9
6 8 .1 7 0
6 8 .3 J 5 P
2 .2

6 8 . *i58P

C 5 -6 8 0 6 - 6 8 0 7 - 6 8 0 8 - 6 8

IN I T I A L MONTH
P - PRELIMINARY




PREPAREO BY FEDERAL RESERVE BANK OF S T . LOUIS
OCTOBER 10« 1968

3

Em ploym ent
Ratio S ca le

Ratio S c a le

Source: U.S. D e p a rtm e n t o f L a b o r
Percentages are a n n u a l rates o f change between periods indicated.They are presented to a id in
com paring m ostrecen tde velo pm e nts w ith p a s t"tre n d s .”
Latest d a ta p lo tte d : Septem ber p re lim in a ry




Prepared by Federal Reserve Bank of St. Louis

8 9 6t *11 V380X00

Sin01 »iS 40 »WS 3AM51F"l¥¥3a3J ÄBHIWJSW



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e<PC9T

-1 *2
-* *tt

9 *5 9 1

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VS91

Ç9J—..T * . ' -5 T
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0 *9

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S *2 *t

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T T T ” 5 * t|

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8 *£
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H *5
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9 *9

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8 9 -8 0 8 9 -1 0 8 9 -9 0 8 9 -5 0 89-«t0 8 9 -£ 0 8 9 -2 0 8 9 -1 0 1 9 -2 t 19-11 19 -O t 1 9 -6 0 1 9 -8 0 1 9 -1 0 1 9 -9 0 1 9 -5 0 19-*»0 1 9 -£ 0 1 9 -2 0
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N o u onaob d i v m s n o N i

5

Industrial Production
Ratio S c a le

Ratio Sca le

Percentages are annual rates o f change between periods indicated.They are presented to a id in
com paring most recentdevelopm ents w ith pa st "tre n d s .”
Latest d a ta p lo tte d : September prelim inary




Prepared by Federal Reserve Bank of St. Louis

6

PERSONAL INCOME
COMPOUNDED ANNUAL RATES OF CHANGE
TERMINAL
rtÖNfH

IN IT IA L

...

0 2 -6 7 0 3 -6 7

0*1-67 0 5 - 6 7

0 6 -6 7

0 7 - 6 7 0 8 -6 7 0 9 -6 7

1 0 -6 7

MONTH
1 1 -6 7

1 2 -6 7

0 1 -6 8

0 2 -6 8

0 3 -6 8

0 4 -6 8 0 5 - 6 8 0 6 - 6 8

B IL L IO N S OF
DOLLARS
ANNUAL RATES
3 7 -6 8 0 8 -6 8
6 1 7 .5

0 3 -6 7

6 .0

0 4 -6 7

»».0

2 .0

0 5 -6 7

4.0

2 .9

3 .9

0 6 -6 7

5 .6

5.*»

7 .2

6 1 8 .6
62 0 .6
6 2 5 .8

1 0 .6

i

7 .9

0 7 -6 7

6 .0

6 .0

7 .4

9 .2

0 8 -6 7

6 .5

6 .6

7 .8

9 .1

8 .3

8 .7

0 9 -6 7

6 .3

6.1*

7 .3

8 .1

7 .4

7 .1

1 0 -6 7

5 .8

5 .7

6 .4

6 .9

6 .0

5 .3

3 .6

1 .9

1 1 -6 7

6 .6

6 .7

7.*»

8 .0

7 .5

7 .4

6 .9

7 .7

6 2 9 .8
6 3 4 .2
6 3 7 .0

5 .4
6 3 8 .0

6 4 4 .9

1 3 .8

7 .5

7 .6

8 .4

9 .0

8 .8

8 .9

9 .0

1 0 .2

1 4 .6

1 5 .3

7 .2

7 .3

7 .9

8 .4

8 .1

8 .1

8 .0

8 .7

1 1 .0

9 .7

0 2 -6 8

7 .9

8 .0

8 .7

9 .2

9 .1

9 .2

9 .3

1 0 .1

1 2 .2

1 1 .7

9 .9

1 5 .9

0 3 -6 8

8 .3

8 .5

9 .1

9 .6

9 .5

9 .7

9 .9

1 0 .6

1 2 .5

1 2 .1

1 1 .1

11».7

1 3 .4

1 1 .1

1 0 .6

9 .5

1 1 .3

9 .0

6 5 2 .6
4 .3

6 5 4 .9
6 6 3 .3
6 7 0 .0

1

! t
1 °

1 2 -6 7
0 1 -6 8

8 .2

8 .7

0 5 -6 8

8 .2

8 .4

0 6 -6 8

8 .3

8 .5

0 7 -6 8

8 .4

0 8 -6 8

8 .5

0 9 -6 8

8 .4

8 .6

00

8 .0

4 .8

6 7 2 .6

9 .2

9 .0

9 .2

9 .2

9 .3

8 .9

9 .3

9 .2

9 .3

9 .4

9 .9

1 1 .1

1 0 .6

9 .7

1 1 .1

9 .5

7 .6

1 0 .5

9 .0

9 .4

9 .3

9 .4

9 .4

9 .9

1 0 .9

1 0 .5

9 .8

ID .9

9 .7

8 .4

1 0 .3

1 0 .2

8 .6

9 .0

9 .4

9 .3

9 .4

9 .5

9 .9

1 0 .8

1 0 .5

9 .8

1 0 .8

9 .8

8 .9

1 0 .3

10. t

1 0 .1

8 .6

9 .0

9 .4

9 .3

9 .4

9 .4

9 .9

1 0 .6

1 0 .3

9 .7

ID .5

9 .6

8 .9

9 .9

9 .7

9 .5

8 .9

9 .0

9 .3

9 .2

9 .3

9 .3

9 .7

1 0 .4

1 0 .1

9 .5

1 0 .2

9 .4

8 .7

9 .5

9 .3

9 .0

8 .5

0 2 -6 7 0 3 - 6 7 0 4 - 6 7 0 5 - 6 7

0 6 -6 7

0 7 - 6 7 0 8 -6 7 0 9 -6 7

1 0 -6 7

1 1 -6 7

1 2 -6 7

0 1 -6 8

6 7 8 .2
68 3 .7

0 2 -6 8 0 3 - 6 8 0 4 -6 8 0 5 - 6 8 0 6 - 6 8

6 8 9 .2
6 9 4 .1
8 .1

6 9 8 .6 ?

0 7 -6 8 0 8 -6 8

P - P ftE Llrfl'N A'ftV




PREPARED BY FEDERAL RESERVE BAM< OF S T .

LOUIS

OCTOBER 18, 1968--------------------------------

7

Personal Income
Ratio S c a le

Ratio Sca le

Source: U.S. D e p a rtm e n t o f Com m erce
Percentages are annual rates o f change betw eenperiods indicated.They a re presented to a id in
com paring m ostrecentdevelopm entsw ith p a s ftre n d s .”
Latest d a ta p lo tte d : September prelim inary




Prepared by Federal Reserve Bank of St. Louis

GROSS NATIONAL PROOUCT IN CURRENT DOLLARS
IN IT IA L QUARTFR

TERM INAL
QUARTER
0 4 -6 3 0 1 -6 4

C ✓—6 U 0 3 -6 4

CM—6 4 0 1 -6 5 CP-6 5 0 3 -6 5

0 4 -6 5

0 1 -6 6 0 2 - 6 6

0 3 -6 6

0 4 -6 6 0 1 - 6 7

C 2 -6 7 0 3 - 6 7

B IL L IO N S OF
DOLLARS
ANNUAL RATES
0 4 - 6 7 01 —68 0 2 —68
6 1 7 .7

0 1 -6 4

8. 1

0 2 -6 4

7 .5

6 .8

0 3 -6 4

7 .4

7 .G

0 4 -6 4

6 .5

6 .0

5 .5

3 .9

0 1 -6 5

7 .5

7 .3

7 .5

7 .6

6 2 8 .0
6 3 8 .9

7 .1

6 4 5 .1
1 1 . »4

6 6 2 .8
6 7 5 .7

0 2 -6 5

7 .6

7 .4

7 .6

7 .8

9 .7

8 .C

0 3 -6 5

7 .8

7 .8

e .c

8 .2

9 .6

8 .7

9 .4

0 4 -6 5

8 .3

8 .3

6 .5

8 .8

1C .1

9 .6

1 0 .4

1 1 .4

0 1 -6 6

8 .5

8 .6

6 .9

9 .1

1C .2

9 .9

1 0 .5

1 1 .1

1 0 .8

0 2 -6 6

8 .4

9 .6

9 .6

8 .8

6 .8

0 3 -6 6

8 .3

0 4 -6 6

8 .2

0 1 -6 7

7 .8

0 2 -6 7

7 .5

0 3 -6 7

7 .5

0 4 -6 7

7 .6

8 .4

e .6

8 .8

8 .3

e.M

8 .3

8 .4

7 .7
7 .5

6 9 1 .1
7 1 0 .0
7 2 8 .4
7 4 0 .4

9 .6

9 .3

8 .6

9 .3

8 .9

9 .1

9 .0

8 .2

7 .0

7 .2

8 .5

9. 1

8 .8

8 .9

8 .8

8 .2

7 .4

7 .7

8 .1

7 .8

7 .9

8 .3

7 .9

7 .9

7 .7

7 .0

6 .0

5 .8

5 .1

2 .1

7 .5

7 .5

7 .9

7 .5

7 .5

7 .2

6 .5

5 .7

5 .4

4 .8

3 .2

4 .2

7 .5

7 .5

7 .6

7 .9

7 .6

7 .5

7 .3

6 .7

6 .0

5 .9

5 .6

4 .7

6 .1

8 .0

7 .5

7 .6

7 .6

7 .9

7 .6

7 .6

7 .4

6 .9

6 .3

6 .3

6 .1

5 .6

6 .8

8 .1

7 5 3 .3
7 6 8 .2
7 7 2 .2
7 8 0 .2
7 9 5 .3
8 1 1 .0

8 .1

0 1 -6 8

7 .7

7 .7

7 .8

7 .8

8. 1

7 .8

7 .8

7 .7

7 .3

6 .8

6 .8

6 .8

6 .5

7 .6

8 .8

9 .2

1 0 .4

0 2 -6 8

7 .9

7 .9

6 .C

8 .0

8 .3

8 .1

8 .1

8 .0

7 .6

7 .3

7 .3

7 .4

7 .2

8 .3

9 .3

9 .8

1 C .6

1 0 .9

0 3 -6 8

7 .9

7 .9

8 .C

8 .1

8 .3

8 .1

8 .1

8 .0

7 .7

7 .4

7 .5

7 .5

7 .4

8 .3

9 .2

9 .5

1 0 .0

9 .8

0 4 -6 5 0 1 - 6 6

0 2 -6 6

0 4 -6 3 01-6M C 2 -6 4

C 3 -6 4 0*4-6*4 0 1 -6 5 C 2 -6 5 0 3 -6 5

IN IT IA L

03—66 0 4 -6 6

0 1 -6 7 0 2 -6 7

8 3 1 .2
8 5 2 .9
8 .7

8 7 0 . 8P

0 3 -6 7 0 4 - 6 7 0 1 - 6 8 0 2 - 6 8

QUARTER

P - PRELIMINARY
PREPARED BY FEDERAL RESERVE BANK OF ST. LO LIS
OCTOBER 1 6 , 1968
GRCSS NATIONAL PRODUCT IN CONSTANT 1958 COLLARS
COMPOUNDED ANNUAL RATES OF CHANGE
TERM INAL
QUARTER

IN IT IA L QUARTER
0 4 -6 3 01—6*4 C 2 -6 4 0 3 -6 4

OM—64 0 1 -6 5 C 2 -6 5 0 3 -6 5

0 1 -6 M

6 .6

0 2 —6*4

6 .0

5 . »4

0 3 -6 4

5 .7

5 .2

5 .1

0*4-64

4 .7

4 .1

3 .5

1 .9

5 .3

5 .3

5 .5

9 .2

0 1 -6 5

.. 5 . 6 .

0 4 -6 5

0 1 -6 6

0 2 -6 6 0 3 -6 6 0 4 -6 6 0 1 -6 7

0 2 -6 7

0 3 -6 7

B IL L IO N S OF
DOLLARS
ANNUAL RATES
0 4 - 6 7 01 - 6 8 0 2 - 6 8
5 7 1 .1
5 7 8 .6
5 8 5 .8
5 8 8 .5
6 0 1 .6

0 2 -6 5

5 .7

5 .5

5 .5

5 .6

7 .6

6 .0

0 3 -6 5

6 .C

5 .9

6 .C

6 .3

7 .8

7._L_

8 .2

0 4 -6 5

6 .4

6 .4

6 .6

6 .9

8 .2

7 .8

8 .8

9 .4

0 1 -6 6

6 .6

6 .6

6 .7

7 .0

8 .1

7 .8

8 .4

8 .6

0 2 -6 6

6 .2

6 .2

6 .3

6 .4

7 .2

6 .8

7 .0

6 .7

5 .3

2 .9

0 3 -6 6

6. C

5 .9

6 .C

6 .1

6 .7

6 .3

6 .4

5 .9

4 .8

3 .4

3 .9

OU—66

5 .9

5 .8

5 .9

6 .0

6 .5

6 .1

6 .1

5 .7

4 .8

3 .8

4 .3

4 .7

___ 01 - 6 7

5 .3

5 .2

5 .2

5 .3

5 .6

5 .2

5 .1

4 .6

3 .6

2 .6

2 .5

1 .9

0 2 -6 7

5 .1

5 .0

5.C

5 .C

5 .3

4 .9

4 .7

4 .2

3 .4

2 .5

2 .4

2 .0

.6

2 .1

0 3 -6 7

5 .0

4 .9

* 4 .9

4 .9

5 .2

4 .8

4 .6

4 .2

3 .5

2 .8

2 .7

2 .4

1 .7

3 .0

3 .9

0*1-67

5 .0

4 .8

*1.8

4 .8

5 .0

4 .7

4 .5

3 .5 .... 2 .9

2 .9

2 .7

2 .2

3 .2

3 .8

3 .7

0 1 -6 8

5 .0

5 .0

*4 .9

4 .9

5 .1

4 .8

4 .7

4 .4

3 .8

3 .4

3 .4

3 .3

3 .1

4 .1

4 .7

5 .1

0 2 -6 8

5 .1

5 .0

5 .C

5 .0

5 .2

4 .9

4 .8

4 .5

4 .1

3 .7

3 .8

3 .8

3 .6

4 .5

5 .1

5 .5

6 .4

6 .3

0 3 -6 8

5. 1

5 .0

5 .C

5 .0

5 .2

4 .9

4 .9

4 .6

4 .2

3 .8

3 .9

3 .9

3 .8

4 .6

5 .1

5 .4

6 .0

5 .7

0 4 -6 3 0 1 - 6 4

C2—6*4 C 3 -6 4 C 4 -6 4

6 1 0 .4
6 2 2 .5

.

0 1 -6 5 C 2 -6 5 0 3 -6 5

6 3 6 .6
7 .8

64 8 .6

0 4 -6 5 0 1 -6 6

6 5 3 .3
6 5 9 .5

0 2 -6 6 0 3 -6 6

6 6 7 .1
.8 -

6 6 5 .7

0 4 -6 6 0 1 -6 7

6 6 9 .2
6 7 5 .6

C 2 -6 7 0 3 -6 7

6 8 1 .8
6 .6

6 9 2 .7
7 0 3 .4
5 .0

7 1 2 . OP

0 4 - 6 7 01 - 6 8 0 2 - 6 8

IN IT IA L QUARTER
P - PRELIMINARY




PM PAREO BY FEDERAL RESERVE BANK OF ST. LOUIS
OCTOBER 16, 1968

9

D em and and Production
R a t io S c a l e
B illio n s of D o lla r s

Q u a rte rlyTotals a t A n n u a l Rates
S e aso n a lly A d ju s te d

R a t io S c a l e
B illio n s of D o lla r s

850
800
750
700
650
600
550
500

450
Source: U.S. D e partm ent o f Com m erce
LL GNP in cu rre n t d o lla rs .
[2 GNP in 1958 d o lla rs .
Percentages are a n n u a l rates o f change between periods indicated.They are presented to aid in
com paring most recentdeve lopm en ts with past "trends."
Latest d a ta p lo tte d : 3rd quarter prelim inary




Prepared by Federal Reserve Bank of St. Louis

CONSUME*. T K t t e INDEX
TERM IN AL
MCNTh

IN IT IA L
0 1 -6 7 0 2 - 6 7

C 3-6 7 0 4 -6 7 C5 -6 7 C 6-6 7 C7—67 0 8 -6 7

_ Q 2 -6 7

1 .1

....0.3-67

1 .6

2 .1

0 4 -6 7

2. 1

2 .7

3 .2

C 5 -6 7

2 .4

2 .8

3 .2

0 6 -6 7

2 .6

3 .2

3 .5

3 .7

4 .2

0 7 -6 7

3 .2

3 .6

4 -0

4 .2

4 .8

5 .3

ti.C

4 .2

4 .6

4 .7

4 .2

3 .7

3 .8

3 .9

3 .9

3. 1

2 .1

0 9 —67

*

R A TES OF CHANGE

COMPOUNDED ANNUAL

1957-*59 /

MONTH

1 0 -6 7

1 1 -6 7

1 2 -6 7 0 1 -6 8

0 2 -6 8

0 3 -6 8

M i>„

0 4 -6 8 0 5 - 6 8 0 6 - 6 8 0 7 - 6 8
____ 1 1 4 .9

„ _ j.r 5 .o _
1 1 5 .3
1 1 3 .6 _

3 .2

____ 1 1 6 .0 _

1 1 6 .5

0 8 -6 7

3 .3

3 .7

0 9 -6 7

3 .2

3 .5

1 0 -6 7

3 .3

3 .6

3 .8

3 .9

4 .C

3 .9

3 .5

3 ,1

4 .2

1 1 -6 7

3 .3

3 .5

3 .7

3 .8

3 .8

3 .8

3 .4

3 .1

3 .6

3 .1

1 2 -6 7

3 .3

3 .6

3 .7

3 .8

3 .9

3 .8

3 .5

3 .4

3 .8

3 .6

4 .2

1 1 6 .9
11 7 . 1
1 1 7 .5
1 1 7 .8
1 1 8 .?

0 1 -6 8

3 .4

3 .6

3 .8

3 .8

3 .9

3 .9

3 .6

3 .5

3 .9

3 .8

4 .1

4. 1

0 2 -6 8

3 .5

3 .7

3 .8

3 .9

3 .9

3 .9

3 .7

3 .6

3 .9

3 .9

4 .1

4 .1

1 1 8 .6
4 .2

1 1 9 .0

0 3 -6 8

3 .6

3 .8

3 .9

4 .0

4. 1

M.O

3 .9

3 .9

4 .1

4 .1

4 .4

4 .5

4 .7

5 .2

0 4 -6 6

3 .6

3 .8

3 .9

4 .0

4. 1

4 .1

3 .9

3 .9

4 .1

4 .1

4 .3

4 .4

4 .5

4 .6

1 1 9 .5
4. 1

1 1 9 .9

0 5 -6 6

3 .6

3 .8

3 .9

4 .0

4. 1

4 .1

3 .9

3 .9

4 .1

4 .1

4 .3

4 .3

4 .4

4 .4

4 .1

4. 1

0 6 -6 8

3 .8

4 .0

M. 1

4 .2

4 .2

4 .2

4 .1

4 .1

4 .4

4 .4

4 .6

4 .6

4 .7

4 .9

4 .8

5. 1

0 7 -6 8

3 .9

4 .1

4 .2

4 .3

4 .4

4 .4

4 .3

4 .3

4 .5

4 .6

4 .8

4 .8

5 .0

5 .1

5. 1

5 .5

6. 1

6. 1

0 8 -6 8

3 .9

4 .1

4 .2

4 .3

4 .3

4 .3

4 .3

4 .3

4 .5

4 .5

4 .7

4 .7

4 .8

4 .9

4 .9

5. 1

5 .4

5. 1

C 7 -6 7 0 8 -6 7

0 9 -6 7

1 0 -6 7

1 1 -6 7

0 1 -6 7 C 2 -6 7 C 3 -6 7

C 4 -6 7 C5 -6 7 0 6 -6 7

1 2 -6 7 0 1 -6 8

0 2 -6 8 0 3 -6 8

1 2 0 .3
6 .2

1 2 0 .^
1 2 1 .5
4 .0

1 2 1 .?

0 4 -6 8 0 5 - 6 8 0 6 - 6 8 0 7 - 6 8

IN IT IA L MONTH
*

NCT SEASONALLY AD JlST EC
PREPARED BY FEDERAL RESCRVE BANK OF ST .
SEPTEMBER 2 6 , 1968
WHOLESALE PR IC ES, ALL COMMODITIES *
COMPOUNDED ANNUAL RATES DF CHANGE
IN IT IA L

TFRM TMAI
MCNTH
0 1 -6 7
0 2 -6 7

2 .2 -

<13-6 L

2 .8 -

0 *-6 7

CU-67 0 ? -6 7 0 6 -6 7

C 7 -6 7 0 8 -6 7

0 9 -6 7

-----1957«-5 9

MONTH

1 0 -6 7

1 1 -6 7

1 2 -6 7 0 1 - 6 8

0 2 -6 8 0 3 -6 8

IOC

0 4 -6 8 0 5 -A R 0 6 ^ 6 fc 0 7 - 6 8

1 0 5 -7 _

3 .4 ^ * 9—

U. U-

.8 -

.6

5 .9

..._ L 0 5 .,.e ...

0 5 -6 7

1. 1-

0 6 -6 7

•2

.9

2 .3

5 .8

5 .6

H 7 -6 7

-6

1 .1

2 .3

4 .6

U. C

2 .3

.2 -

.2

.9

2 .3

1 .1

1 .1 -

4 .4 -

0 9 -6 7

.0

.3

1.C

2 .1

1 .1

.4 -

1 .7 -

1 .1

1 0 -6 7

. 1-

.1

.7

1 .5

.7

.6 -

1 .5 -

.0

1 .1 -

1 1 -6 7

.0

.3

.7

1 .5

.8

.2 -

.8 -

.4

.0

„. J

106« 1
1 0 6 .?
_ 1 Q 6jJL____

1 .1

1 0 6 .2
1 0 6 .8

.6

.9

1 .4

2 .1

1 .6

.9

.7

2 .0

2 .3

4 .0

7 .0

0 1 -6 8

.9

1 .2

1 .7

2 .4

2 .C

1 .5

1 .3

2 .5

2 .9

4 .2

5 .8

1 0 7 .2

H .6

- J 0 8 . 0 ___

____0 2 - 6 6

1 .6

1 .9

2 .4

3 .1

2 .6

2 .4

2 .4

3 .6 _

4 .1

5 .5 ... 7 . 0

6 .9

0 3 -6 8

1 .6

1 .9

2 .4

3 .0

2 .7

2 .4

2 .4

3 .4

3 .8

4 .8

5 .8

5 .4

5 .7

2 .3

4 .2

1 .7

1 .1

3 .7

1 .9

1 .7

0 4 -6 8

1 .6

1 .9

2 .3

2 .9

2 .6

2 .3

2 .3

3 .1

3 .4

4 .2

4 .8

4 .3

0 0 -6 8

1 .6

1 .9

2 .3

2 .8

2 .6

2 .3

2 .3

3 .0

3 .3

3 .9

4 .4

3 .9

9 .3

____ 1 0 8 .2
1 0 8 .3
2 .2

1 0 8 .5
.1 0 9 .7 ...

0 6 -6 8

1 .7

1 .9

2 .3

2 .8

2 .5

2 .3

2 .3

3 .0

3 .2

3 .7

4 .1

3 .6

3 .4

2 .C

1 .9

2 .2

2 .2

0 7 -6 8

1 .8

2 .1

2 .4

2 .9

2 .7

2 .4

2 .4

3 .1

3 .3

3 .8

4 .1

3 .7

3 .6

2 .5

2 .5

3 .0

3 .4

4 .5

2 .7

2 .4

1 .3

1 .1

1 .1

.7

.C

1 2 -6 7 0 1 - 6 8

0 2 -6 8

0 3 -6 8

0 4 -6 8

1 .5

1 .7

2 .C

2 .4

0 1 -6 7

0 2 -6 7

C 2 -6 7

0 4 -6 7

2 .2

1 .9

.Q..6*.2 .... ..

.....lQ f iu .5 ........ .

___ 1 2 r6 7

0 8 -6 8

/

10.6..C.....

no
I
o

n u -6 7

0 2 -6 7

L O tI!>

2 .5

2 .6

3 .0

3 .2

C 7 -6 7 0 8 -6 7

0 9 -6 7

1 0 -6 7

1 1 -6 7

1 .9

1 0 9 .1
4 .3 -

_1.0 8.7 P __

-

C 5 -6 7 0 6 -6 7

0 5 - 6 8 0 6 -6 ? . 0 7 - 6 8

IN IT IA L MONTH
*

NCT SEASONALLY AOJLSTEC

PRELIMINARY_________________
Digitized forP -FRASER


PREPARED BY FEDERAL RESFRVE PAN* OF ST.
SEPTEMBER 26, 1968

LCUK.

11

Prices
R a t io S c a l e
1957 59=100
-

R a t io S c a l e
1957 59=100
-

S o u rc e : U .S . D e p a r tm e n t o f L a b o r
Percentages are annual rates o f change between periods indicated. They are presented to a id in
com paring most recentdevelopm ents w ith p a s f'tr e n d s .”
Latest d a ta p lo tte d : August prelim inary




Prepared by Federal Reserve Bank of St. Louis

12

WHOLESALE PRICES - INDUSTRIAL
COMMODITIES
_______ COMPOUNDED ANNUAL RATES OF CHANCF______
IN IT 1 A L MCNTH

TC* M 1NALMCNTH

-1 9 5 1 -5 9

/

100

-SLli?Ll ù2z.tl C 2 r6 7 .Q 4 -6 7 C 5 -6 7 C 6 -6 7 C 7 -6 7 0 8 -6 7 Q 9 -6 7 IQ -6 7 1 1 -6 7 1 2 -6 7 0 1 - 6 8 0 2 - 6 8 0 3 - 6 8 0 4 - 6 8 0 5 - 6 8 Q6 - 6 fi 0 7 - 6 8
QZrtZ
.-OJbrjft-T-

1 0 6 .0

U l.

1 0 6 .0
1 0 6 .0

-0 J r6 7 .
.C

_*0__

.c

1.0.6 »0

-JL

..SL I z Ì lL

1Q.6>Q

0 8 -6 7

.0

.6

.7

.9

1, 1

1 .7

3 .4

0 9 -6 7

1.0

.8

.9

1.1

1 ,4

1 .9

2 .9

2 .3

1 0 -6 7

1 .3

1, 1

hi

1 ,5

1,8

2 .3

3 .1

2 .9

3 .4

1 1 -6 7

1 .5

1 .4

1, 6

1.8

2. 1

2 .5

3. 1

3 .1

3 .4

1 2 -6 7

1 .7

1.6

i.e

2 .C

2.2

2 .7

3 .2

3 .1

3 .4

3 .4

3 .4

01-68

1 .9

1 .9

? fC

2 .3

2.6

2 .9

3 .4

3 ,4

3 .7

3 .8

4 .0

1 0 6 .3
1 0 6 .5
1 0 6 .8
3 .4

1 07 .1
1 0 7 .4
4 .6

1 0 7 .8

02-68

2.2

2,2

2 .4

2,6

2 .9

3 .3

3 .8

3 .8

4 .1

4 .3

4 .6

5 .1

5 .7

0 3 -6 8

2 .3

2 .3

2 ,5

2 ,7

3.C

3 .3

3 .7

3 .7

4 .0

4 .1

4 .3

4 .6

4 .5

3 .4

0 4 -6 8 .

2 .3

2 .3

* .4

2,6

2 .9

3 .2

3 .5

3 .6

3 .7

3 .8

3 .9

4 .0

3 .8

2 .8

2 .2

0 5 -6 8

2 .C

2 .C

2. 1

2 .3

2 ,5

2 .7

3 .0

2 .9

3 .0

2 .9

2.8

2 .7

2 .2

1 .1

.0

0 6 -6 8

2.0

2.0

2.1

2 .3

2 .4

2.6

2 .9

2.8

2 .9

2 .8

2 .7

2 .6

2 .2

1 .4

.7

.0

2.2

0 7 -6 8

1 *9

1 ,9

? *P

2, 1

2 .3

2 .4

2.6

2.6

2 .6

2 .5

2 .4

2 .3

1 .9

1 .1

.6

,0

1.1

.0

0 8 -6 8

1.8

1.8

1 .9

2,1

2.2

2 .3

2 .5

2 .5

2 .5

2 .4

2 .3

2 .1

1 .8

1 .1

.7

.3

1 .1

.6

0 1 -6 7 0 2 - 6 7

C2- 6 7

0 4 -6 7

iC 7-67 0 8 -6 7

0 9 -6 7

1 0 -6 7

1 1 -6 7

1 2 -6 7 0 1 -6 8

0 2 -6 8

1C5-6 7 0 6 -6 7

1 0 8 .3
1 0 8 .6
1 0 8 .8
2 . 2-

1 0 8 .6
1 0 8 .8
1 0 8 .8
1 .1

1 0 8 .9

0 3 - 6 8 I0 4 -6 8 0 5 - 6 8 0 6 - 6 8 0 7 - 6 8

IN IT IA L MCNTH
NCT SEASONALLY ADJLSTEC

•

PREPARED BY 1FEDERAL RESERVE BANK OF ST.
SEPTEMBER 26 • 1968
WHOLESALE PRICES - FARM PROOUCTS,AND PROCESSED FCODS AND FEEOS
COMPOUNDED ANNUAL RATES OF CHANGE

•

IN IT IA L MONTH

TERMINAL
MCNTH
0 1 -6 7

I0 2 -6 7 C2 -6 7

0 4 -6 7

P ? -6 7

C6—é 7 C7 -6 7

C fi-67

0 9 -6 7

1 0 -6 7

1 1 -6 7

1 9 5 7 - 59 ✓ 100
1 2 -6 7

0 1 -6 8 0 2 - 6 8

0 3 -6 8 0 4 - 6 8 0 5 - 6 8 0 6 - 6 8 0 7 - 6 8
1 0 5 -7

0 2 -6 7
0 3 -6 7

1 2 .7 -

1 1 . 81 2 .4 -

0 4 -6 7

1 2 . 8-

0 5 -6 7

5 .5 -

0 6 -6 7

.4 -

0 7 -6 7
0 8 -6 7

0 r6 7 _

1 0 4 .6
1 0 3 .4

1 2 .9 -

1 0 5 .0

2 . 6—

2 .3

20.2

3 .2

6 .7

2 1 .4

2 2. 6

3 .7

1 3 .9

5 .8

1 0 7 .3

e . 7-- 2 1 . 1-

1 0 5 .2

4 .5

.9

5 .5 -- 1C .7 —

1.1

1 .4

2 , C--

7 .4 - - 1 1 . 4 -

6 . 1«- 1 2 . 9 -

1 6 .C

1 .4

5 ,2

2 .4 -

. 6-

1 .3

3 .6 -

2 ,3 -

.8 -

1 0 6 .8

.8

e .c

.9 -

2 .9 -

0 9 -6 7
..1

1 0 5 .3
1 0 4 .1

.0

3 .C --

7 .5 - - 1 0 . 5 -

6.7«-

1 0 .4 -

2.0

.3 -

3 .7 --

5 .5 -

1. 1--

1 .9 -

4 .1

1 7 .5

2 .5

,4

2 .4 --

3 .7 -

.2

.0

4 .7

11.6

5 .9

4 .0

2 .3

.C

. 8-

3 .1

3 .5

8 .0

1 3 .8

1 2 .0

1 8 .5

2 .2

3 .7

2 .2

•

1

.6 -

2 .8

3 .1

6.6

1 0 .5

8 .3

9 .5

1 .1

1 .9

3 .3

1 .9

.C

.6 -

2 .3

2 .5

5 .3

8,1

5 .8

5 .8

.0

1 1 -6 7

4 .0 -

2 .9 -

1 2 -6 7

2 . 2-

1 . 0-

01-68

1. 6-

0 2 -6 e

. 2-

1.C

2 .3

0 3 -6 8

. 1-

1. 1

0 4 -6 8

. 1-

.9

1 .7 #3

.4 -

7 .8 -

1 0 3 .4
1 0 4 .8
1 0 5 .3
1 0 6 .8
1 0 6 .9
1 .1 -

1 0 6 .8

1

1 ,7

2 ,7

4 .C

2.6

1. 1

.7

3 .7

6 .3

8 .9

7 .3

7 .6

4 .2

5 .7

1 3 ,1

.7

1,6

2.6

3 .8

2.6

1. 1

.7

3 .2

3 .4

5 .7

7 .8

6 .2

6 .3

3 .4

4 .2

6 .9

1 .1

1 ,5

2 ,5

if 4

4.6

3 .6

2 .3

2.0

4.4

4 .7

6 .9

8.8

7 .6

7 .9

6 .0

7 .2

1 0 .1

8.6

.4

1 ,3

2.1

3 .1

__ 2. 1

.7

.4

2 .4

2 .5

4 .2

5 .6

4 .2

3 ,9

1 ,7

1 .8

2 .6

0 4 - 6 7 C f- 6 7

0 6 -6 7

C 7 -6 7 0 8 -6 7

0 9 -6 7

1 0 -6 7

1 1 -6 7

i

ool

.6

0 6 -6 8

I
°

0 5 -6 8

3 .4

0 8 -6 8

LOUIS

.....

0 1 -6 7

0 2 -6 7 0 2 - 6 7

1 2 -6 7 0 1 -6 8

0 2 -6 8 0 3 -6 8

1 0 7 .9

.7 -

1 0 8 .0
1 0 9 .4

1 6 .7
1 .6 -

1 7 .1 -

1 0 7 .7P

0 4 -6 8 0 5 -6 8 0 6 -6 8 0 7 -6 8

IN IT IA L MCNTH
« NCT SEASONALLY ADJLSTEC
P - FRASER
PRELIMINARY
for

Digitized


PREPARED BY FEOERAL RESERVE BANK OF S T. LOUIS
SEPTEMBER 2 6 . 196 8

13

General Price Index *

Ratio ScaU

Ratio Scale

1958=100

1958=100

* As used in National Income Accounts
Source: U.S. Department of Commerce
Percentages are annual rates of change between periods indicated.They are presented to aid in
comparing most recentdevelopments with past "trends."
Latest data plotted: 3rd quarter preliminary
Prepared by FederalReserve Bank of St. Louis
IM P L IC IT PRICE OfPLATOR FOR GROSS NATIONAL PRODUCT
C0MPÛUMD1D ANNUAL 1
HATES OF CHANGE
i
IN IT IA L QUARTER

TERMINAL
QUARTER
0 4 -6 3 0 1 -6 4

0 2 -6 »

0 3 -6 4

0 » -6 »

0 1 -6 5 0 2 -6 5 0 3 -6 5

0 4 -6 5 0 1 -6 6 « 2 -6 6

0 3 -6 6 0 4 -6 6

1958

0 1 -6 7 0 2 -6 7

/

100

0 3 - 6 7 O H -6 7 0 1 - 6 8 0 2 - 6 8
1 0 8 .2

0 1 -6 4

1 *5

0 2 -6 4

1 .3

I .!

03-61»

1 .6

1 .7

2 *2

O H -64

1 .7

1 .7

2 .0

1 0 8 .5
1 0 9 .1
1 .9

1 0 9 .6

0 1 -6 5

1 .8

1 .9

2 *1

2 .0

2 .2

0 2 -6 5

1 .8

1 .9

2 .0

2 .0

2 .0

1 .8

1 1 0 .2
1 1 0 .7
1 1 1 .0

0 3 -6 5

1 .7

1 .7

1 .8

1 .7

1 .7

1 .5

1 .1

0 4 -6 5

1 .7

1 .7

1 .8

1 .8

1 .7

1 .6

1 .5

1 .8

1 1 1 .5

0 1 -6 6

1 .8

1 .9

2 *0

2 .0

2 .0

1 .9

1 .9

Iti

M

0 2 -6 6

2 .0

2 .1

2 .2

2 .2

2 .2

2 .3

2 *»

2 .8

M

It*

0 3 -6 6

2 .1

2 .2

2 .3

2 .3

2 .»

2 .»

2 .5

3 .3

h *

0 4 -6 6

2 .2

2 .3

2 .4

2 .5

2 .5

2 .6

2 .7

It®

0 1 -6 7

2 .3

2 .4

2 .5

2 .5

2 .6

2 .6

2 .7

3 .0

3 .2

3 .3

3 .2

M

2 .8

0 2 -6 7

2 .3

2 .3

2 .»

2 .5

2 .5

2 .5

2 .6

2 .9

3 .0

M

2 .9

2 .8

2 .5

2 .1

0 3 -6 7

2 .4

2 .4

2 .3

2 .6

2f 6

?•*

?•«

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h\

It?

M

V

M

?1*

0 4 -6 7

2 .5

2 .6

2 .7

2 .7

2 .8

2 .8

2 .9

3 .1

3 .3

3 .3

3 .3

3 .3

3 .2

3#»

» .0

» .1

0 1 -6 8

2 .6

2 .6

2 .7

2 .8

2 .8

2 .9

3 .0

3 .2

3 .3

3 .»

3 .3

3 .»

3 .3

3 .5

3 .«

3 .9

3 .8

3 .5

3 .»

3 .6

3 .9

» .1

!•*

3 .5

3 .6

M
s.*

» .0

3 .5

3 .9

3 .8

3 .9

0 6 -6 1 0 1 -6 6 « 2 -6 6

O S -4 6

1 1 2 .3

0 2 -6 8

2 .6

2 .7

2 ,8

2 .8

2 .9

3 *0

3 .1

3 .3

h*

3 .5

2 .7

2 .8

2 .9

2 .9

3 .0

3 .0

3 .1

3 .3

3 .»

3 .5

0 4 -6 3 0 1 -6 4

0 2 -6 4

0 3 -4 »

C2—6 5 0 3 - 6 5

3 .2

1 1 4 .2

It5

0 3 -6 8

C 4 -6 4 0 1 - 6 9

1 1 3 .3

W IT !M

l

1 1 5 .2
1 1 6 .0
1 1 6 .6

6 1 -6 7 l f - 4 7

1 1 7 .7

0 J -6 >

1 1 8 .9
1 2 0 .0
1 2 1 .2
3 .7

1 2 2 .3 P

04 —6 7 0 1 - 6 8 0 2 - 6 8

O U « *? *!

P - PRELIMINARY




PREPARED «Y FEDERAL RESERVE BANK OF ST. LOUIS

B t M P i E Wll