View original document

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

n n n o n o LE c o n o m i c t r e i i d s
PREPARED

MONTH ENDING:




BY

FEDERAL

RESERVE

September 30, 1970

BANK

OF

ST. LOUIS

RELEASED:

October 22, 1970

Since a year ago, total spending has grown slowly
and real product has changed little.

Total spending for goods

and services advanced 4.5 per cent in the past year, compared
with an 8.5 per cent average annual rate of increase in the
previous two years.

Real product changed little in the year

ending third quarter 1970, after increasing 2.6 per cent in
the preceding year.
Production and employment continued to decline over
the summer.

Industrial production decreased at a 4.2 per cent

average annual rate from July 1969 to September 1970, follow­
ing a 5.7 per cent average rate of increase in the previous two
years.

Payroll employment fell at a 2.4 per cent annual rate

from March to September, with the September level unchanged from
a year earlier.

Such employment rose at a 3.4 per cent average

rate from mid-1967 to mid-1969.
Prices have apparently ceased accelerating, respond­
ing with a lag to the marked slowing in growth of total spending
in late 1969.

Consumer prices increased at a 4.7 per cent annual

rate from April to September, following a 6 per cent advance in
the previous year.

Wholesale industrial prices have also risen

slowly since spring, rising at a 2.1 per cent annual rate since
May, compared with a 4 per cent increase in the previous year.
Such prices also slowed in the summer of 1969, only to accelerate
in the autumn through early 1970.

2
T OTAL C I V I L I A N EMPLOYMENT
Ç QMPQUNQi tLAMNtf AL. * AT L S - J f - C H A N 56-

3-69

1
O

i
-'j
0

O'

77, 650

2. 0

77,589

4-69

0.5

-0.9

5-69

-1.0

-2.5

6-69

0.8

0« 5 _

1. 2

6.7

7-69

1.3

1. 1

1. 8

4.8

8-69

U6 _

1.5

2.2

4,3

3,1

3.3

9-6 «

1.5

1.4

1. 9

3.4

2,4

2.C

0.8

10 - 69

1. 8

1.8

2.2

3.5

2.7

2.7

2.3

11 - 69

1.7 _

1*7

2.1

3.1

2.4

2.3

2.0

2.6

1, 3

12- 60

1. 9

1.9

2.2

3,2

2.6

2.5

2.3

2.8

2.3

3.2

1- 7 0

2. 1

2.2

2.5

3.4

2.9

2.9

2.8

3.3

3.1

4.0

4.7

2-7 0

1,7 .

1. 6

1 . 9 ..

2.6

2. 1

2.0

1.7

1.9

1.4

1.5

0.6

-4.1

77,321
77, 741
77 , 931

3.0
78,142

78,194
3.9

78,445
78,528
7 8 , 737
79 , 041
-3.3

7 8 , 822

3-70

1. 9

1. 9

2. 1

2.8

2.4

2.3

2,1

2.4

2.1

2.?

1.9

0.5

4.5

4-70

1. 5

1. 5

1.7

2.3

1. 8

1. 7

1.5

1.6

1.2

1. 2

0.7

-0.6

0.8

-2.8

1. 0

0.5

0.0

-0.2

-0.9

-2.2

-1.9

-4.9

-0.4

-0.7

-1.3

-2.5

-2.3

-4.4

-5.2

-3.4

0.3

0.2

-0.2

-1.0

-0.6

-1.8

-1.4

1. 5

7 9 , 112
78,924

L.0 _

L.5

1*0.

0,8

0.5

6—7 0

0.7

0.6

0.7

U1

0,6

0.4

0,1

0,1

0

1. 0

1.0

1. 1

1. 5

l.l

0.9

0.7

0. 7

8-70

0. 3

0,7

0. 8

1. 2

0.8

0.6

0.4

0.4

0.0

—0 . 1

-0.6

-1.3

-1.0

-2.0

-1.8

-0.0

1.7

-2.9

9-70

0.7

0.7

0.8

1. 1

0.7

0.5

0.3

0.3

-0.0

-0.2

-0.5

-1.2

-0.9

-1.7

-1.5

-0.1

1.0

-1.6

-0.3

2-69

3-69

4-69

5-69

6-69

7-69

8-69

9-69

1 0 - 69

11-69

1 2 - 69

1- 7 0

2-70

3-70

4-70

5-70

6-70

7-70

8-70

1

5-70

O.o

INITIAL

-7.0

78,449
78,225
6.5

78,638
78,445
78,424

MONTH

PREPARED BY FEDERAL RESERVE BANK OF S T .
OCTOBER 2» 1970

LOUI S

PAYROLL EMPLOYMENT
C0MPCUNDE0 ANNUAL RATES OF CHANGE
TERMI NAL
MONTH

INITIAL
2-69

3-69

4-69

5-69

6-69

7-69

8-69

9-69

10 - 69

MONTH

11- 69

THOUSANDS
OF PERSONS

1 2 - 69

3-60

3.9

4-69

3.4

5-69

3.3

3.0

6-69

3.2

3.0

3. 1

2. 8

2.5

2.4

2. 0

0.9

8-69

2.6

2.3

2.2

1.9

1. 3

9-69

2.4

2. 1

2.0

1. 7

1. 3

1.4

2. 7

2.5

2.4

2.3

2.1

2.5

2.9

2.3

?..

1

2.0

1.8

1.6

1. 7

1. 8

2,1

2.1

1.9

1. 8

1.6

1.4

1. 5

1. 5

1.6

0.1

1.8

1. 6

1.7

1.7

1.8

0.9

1. 6

1. 7

1.8

1,8

i , 9_

1. 3

1.9

2.5

6-70

7-70

8-70

2.6

1, 8

5-70

-0,5

12 - 6 0

4-7 0

4.7

1 1 - 69

3-* 70

1, 2

1 0 - 69

2-70

3.0

7-60

1-70

2.9

69,827
69,992

1- 70

2.2

2.0

1.9

1
o

3. 1

2.2

2.0

2,0

70 , 172
70,347
70 , 4 0 0
70,497

1.7

70,567
70,836
70,808

3-70

2.2

2.0

2.0

1.9

1.7

1. 8

1.9

2.0

1.4

4-70

1. 9

1. 8

1.7

1.5

1,4

1. 4

1,4

1. 5

0.9

1. 2

_

5-70

114

1.3

1.1

1.0

0.8

0.8

0.7

0.6

6-70

1.1

0.9

0.7

0.6

0.4

0.3

0.2

0. 1

7- 70

l.o

0.8

0.6

0.5

0.3

0,2

0, 1

0.7

0.6

0.4

0.2

0.0

-0.0

-0.2

9-70

0.7

0.5

0. 4

0*2

0.0

-o.o

-0.2

2-60

3-69

4-60

5-69

6-69

7-69

8- 69

9-69

10-69

70,842

0.6

1.9

0
0
1
o

_

1
o

U
i
I
0

TERMI NAL_____________________________________________________________________ I N I T I A L M O N T H ________________________________________________________________THOUSANDS
OF PERSONS
MONTH
3-69
2-60
4-69
5-69
6-69
8-69
8-70
5-70
9 - 6 9 1 0 - 6 9 11 - 6 9 1 2 - 6 9
1-70
2-70
7-69

______70 , 9 9 2_____
2.4

71 , 135

2.4

2.3

2. 1

71,256

1.4

1. 0

0.2

-1.6

71,163
70 , 8 5 2

0.0

0.1

0.0

-0.6

-1.6

-3.4

-5.1

-0.5

-0.5

-0.7

-1.3

-2.2

-3.6

-4.6

-4.1

-0.5

-0.6

-0.7

-1.3

-2.0

-3.0

-3 .^

-2.6

-0.3

-0.8

-0.8

-1.0

-1.5

-2. 1

-2.9

-3.2

-2.6

-1.8

-2.7

-0.3

-0.7

-0.7

-0.9

-1.3

-1.8

-2.4

-2.6

-2.0

-1.3

-1.4

-0.1

1 1 - 69 1 2 - 6 9

1-70

2-70

3-70

4-70

5-70

6-70

7-70

8-70

-0.0

INITIAL

70*603
70,546

-1.0

TO* 384P
7 0 , 380P

MONTH

P - PRELI MI NARY




PREPARED RY FEDERAL RESERVE BANK OF S T .
OCTOBER 2 , 1970

LO UIS

3

Em ploym ent
Ratio S e a le

Ratio Sea le

Source: U.S. Department of Labor
P e r c e n t a g e s a r e annual rates of change for periods indicated.

L a t e s t d a t a plotted-.September preliminary




Prepared by Federal Reserve Bank of St. Louis

h

I NDUST RI AL PRODUCTION
COMPOUNDED ANNUAL RATES OF CHANGE
T € R * I » * L _____________________________________________________________ I N I T I A L MONTH_______________________________________ __________________________1 9 5 7- 5 9 * 100
MONTH
3— 69 4 - 6 9
5-69
6-69
7-69
8-69
9 - 6 9 10- 69 1 1- 6 9 12 - 69
3-70
4-70
5-70
6-70
1-70
2-70
7-70
8-70
3-69

9,4

4—69

5.«

2. 1

_*r69

5.«

3.9

6- 69

6.5

5.5

7.2

8.7

7-69

6.5

5.7

6.9

7.5

6.4

171.4
17 1. 7
5.7

172.5
173.7
174.6

•- 69

5,0

.. - 4 . 1

4.6

4 ,2

2. 1

-2.0

9-69

3.9

2.9

3.1

2 .5

0.5

-2.4

-2.7

1 0 -4 9

2.7

1.7

1 .6

0 .8

-l.o

-3.4

-4.1

-5.4

1 1 -4 9

UP

0.0

-0.3

-1.3

-3.1

-5.4

-6.5

-8.3

-11.2

12-69

0.7

-0.2

-0.5

-1.4

-3.0

-4.7

-5.4

-6.3

-6.7

-2.1

1- 7 0

0.2

-0.7

-1.0

-1 .8

-3.2

-4.8

-5.3

-5.9

-6.1

-3.5

-4.8

1-IQ

0«2_

-0.6

-0.8

-W 5

-2 .8

-4.0

-4.3

-4.6

-4.4

-2.1

-2.1

3-7Q

0 ,5

-0.2

-0.4

-1.0

-2 .0

-3.0

-3.1

-3.2

-2.8

-0.5

0.0

2.5

4.3

4—TO

» .I

-0 .6

-0.9

-1 .5

-2.4

-3.3

-3.5

-3.6

-3.3

-1.7

-1.6

-0.5

-1.1

-6. 1

5-70

-0.5

-1.2

-1,5

-2.0

-2.9

-3.8

-4.0

-4.2

-4 .0

-2.8

-2.9

-2.4

-3.5

-7 .1

-8.1

6—7 0

-0.6

-1.2

-1.4

-2.0

-2.8

-3.6

-3.8

-3.9

~3*7

-2.6

-2.7

-2.2

-3.0

-5.3

-4.8

-I. *

7-70

-0.4

-1 .0

-1.2

-1.6

-2.4

-3.1

-3.2

-3.2

— 3*0

-1.9

-1.9

-1.4

-1.8

-3.3

-2.3

0.7

«-70

-0.5

-1.0

-1.2

-1.7

-2.4

-3.0

-3 .1

-3. 1

-2.9

-1.9

-1.9

-1.5

-1.9

-3.1

-2.3

-0.2

0.4

9-70

-1.5

-2.1

-2.4

-2.8

-3.6

-4.2

-4.4

-4.5

-4.5

-3.8

-4.0

-3.8

-4. 5

-5.9

-5.8

-5.2

-6.5

2-69

3-69

4-69

5-69

6-69

7-69

8-69

9-69

10- 69

11- 69 1 2 - 6 9

1-70

2-70

3- 7 0

4-70

5-70

6-70

174.3
173. 9
173. 1
171. 4

IN ITIA L

171. 1
170.4
0.7

170.5
171. 1
170. 2
16 9. 0
1 6 8. 8
2.9

169. 2
1 6 8 . 9P

-2. 1
-1 0.8 -18 .8
7-70

1 6 6 . OP

8-70

MffMTH

P - PRELI MI NARY




PREPARED BY FEDERAL RESERVE BANK OF S T .
OCTOBER 14. 1970

LCKjT S

Industrial Production
Ratio Scale

Ratio Scale

Percentages are annual rates of change for periods indicated.
Latest data plotted: Septem ber preliminary




Prepared by Federal Reserve Bank of St. Louis

I
RETAIL

SALES

2-69

-1.5

2-69

3-69

4-69

5- 69

6— 69

7-69

a-69

9-69

__
MI L L I O NS OF
OOLLARS

MONTH

10—69 1 1 - 6 9

12-69

1-70

2- 70

3-70

4-70

5-70

6-70

7-70

13* 3

3-69

_

INITIAL

__

..................

H F jC HANGE
T ERMI NAL
MONTH
__L-69

29, 257
-14.4

28« 881

3.2

4-Tfc2_

29.409

24. 3

5-69

4,5 _

L I

11.0

-0.9

6-69

3.5

1,2

7.0

-0,8

-0,6

7-fe9

Q*9

-1.4

2.2

-4.3

-5.9 -10.9

8-69

2.3

0.6

3.9

-0,6

-0.5

-0,5

11 , 1

9-69

1. 6

0.0

2,6

-1.2

-1.3

-1.5

3,5

-3,5

1Q- &9 . .... 3, 1

1.9

4.4

1.4

1.9

2.6

7.5

5-7

11 - 6 9

2.1

1,0

3.1

0.4

0.6

0.8

4.0

1.7

4.4

-5.9

1 2 - 69

1*7

0 . 7 ___ ¿*5

0*JL

0.2

0.3

2.7

0.7

, 2. 2

-4.0

-2.1

1- 7 Q

2.1

1.2

2.9

0.7

0.9

1.2

3.3

1.8

3.2

-0.7

2.0

6.3

2-70

3,3

2,5

4.2

2.3

2.7

3, 1

5.3

4.4

6.0

3.7

7.1

12.0

3- 70

2.5

1.7

3,2

1.5

1.7

2.0

3,7

2.7

3.7

1,5

3,4 _ 5 , 3 4 , 8
_

-6.9

W .O

A..Ì.

3.7

- 5. 3

3.8

4.3

4.8

6.7

6.1

7.6

6.3

8.9

11 . 7

5-70

4.0

3.4

4.8

3.4

3. 8

4*^2

5.9

6-70

3.8

3.2

4*5

3.2

3, 6

3.9

5.4

7-7.Q

Jt *S L

3.5

4.8

3.6

3.9

4.3

8-70

3.7

3. 2

4.4

3.2

3.5

1-69

2-69

3-69

4-69

5-69

...

..... .

.........

_

29,386
29,371
29,090
29,346
29,259
15.9

29,620
29,471
29,419

___ ________

29.570
_______

18.0

li.a

13.7

9.1

9.8

29,980
29,801

34.0

6 . 4 _ 5.2
_

7. 1

4.8

5 . 8 ___ 4 . 6

6.2

7.6

5.6

5.2

6.1

5.0

6.5

7.8

3,8

5* 1

4*6

5.3

4.4

5,6

6.6

6.6

4 . 8 7 . 3

6-69

7-69

8-69

9-69

10 - 69

11 - 69

12 - 6 9

1- 7C

INITIAL

—
-

-----------------------

30,536

7 . 1 _ 15.0
_

-1.3

7.9

5.5

10.0

-0.4 _

0.6

8.0

6.1

9.6

2.6

4.5

1.5

2 . 5 __ 3 . 4

2-70

3-70

4-70

30,502

5-70

30.518
8.6

6-70

3 0 , 729P
-1,5

30,690P

7-70

MONTH

P - PRELI MI NARY

''~FÉÏÏST)hÀL TNUÜME
COMPOUNDED ANNUAL RATES OF CHANGE
INITIAL

TERMI NAL
MONTH
2-69
3-69

9.5

4-69

5-69

6-69

7- 69

8-69

9-69

10 - 6 9

BANK OF S T .

11- 69 1 2 - 6 9

LOUI S

B I L L I O N S OF
DOLLARS
ANNUAL RATES

MONTH
1-70

2-70

3-70

4-70

5-70

6-70

7- 70

8-70

il.-Î

4-69

3- 6 9

PREPARED BY FEDERAL RESERVE
OCTOBER 13, 1970

732.0
7.3

736.3

5-69

8.9

7.5

7. 8

6-69

8.9

8.0

8.3

8.9

7-6 9

9. i

8. 7

9.2

9.9

1 1. 0

8-6 9

9.4

8.9

9.3

9.8

10. 3

9.6

9-69

9. 1

8.7

9.0

9. 3

9.4

8.6

7. 5

10 - 6 9

8.7

8.3

8.4

8.6

8. 5

7.6

6.7

5.8

i 1- 69

3.4

8.0

8. 1

8.2

8.0

7. 3

6.5

6.0

6,3

12 - 69

8. ?

7. 8

7.8

7.9

7.7

7.0

6.4

6.0

6,1

5.9

1 - 70

7.9

7.6

7. 6

7.6

7.4

6.8

6.2

5.9

5.9

5.7

5.6

2-70

7.8

7.4

7.4

7.4

7.2

6.6

6,2

5.9

5.9

5.8

5.7

740.9
746.2
7 5 2. 7
75 8. 5
763.1
766.7
770.6
774.3
77 7 . 8
5.9

781. 5

3- 70

7. 9

7.6

7.6

7.6

7. 5

7.0

6.7

6.5

6.7

6.8

7.0

7.8

9.8

4- 70

9.5

9. 3

9.5

9.6

9.7

9.6

9.5

9.8

10.5

11.4

12.8

15.3

20.3

31.9

5-70

8. 1

7. 9

7.9

7.9

7.8

7.5

7.3

7.3

7.5

7,7

8, 1

8.7

9.6

9.6

-9.0

6-70

7. 5

7.2

7. 2

7. 1

7.0

6.6

6.3

6.2

6,2

6.2

6.3

6.4

6.5

5,5

-5,7

-2.2

787. 6
806.0
799.7
798.2

7- 70

7. 5

7. 2

7. 2

7.2

7.0

6.7

6. 5

6,4

6.4

6,4

6,5

6.7

6.8

6,1

-1,3

2.7

7.9

8- 7 0

7. 3

7. 1

7. 1

7.0

6.9

6,6

6,3

6.2

6.2

6,2

6,3

6.4

6.5

5,8

0,1

3.4

6.3

4,7

9 - 7 0 ___

7.4

7. 1

7.1

7.1

7.0

6,7

6.5

6.4

6,4

6,4

6,5

6.6

6,7

6,2

1,7

4.6

7.0

6,5

8.3

2-69

3- 69

4- 69

5-6 9

6-69

7-69

8-69

9-69

101-69 1 1 - 6 9

1 2 - 69

1-70

2-70

3-70

4-70

5-70

6-70

7-70

8- 70

803.3
806. 4P
8 1 1 . 8P

IN IT IA L Hö n T h
P-

PRELIMINARY




PREPARED BY FEDERAL RESERVE
OCTOBER 15* 1970

BANK OF S T .

LO UI S




7

R e ta il S a le s
Ratio Scale

Ratio Scale

Source: U.S. Department of Commerce
Percentages are annual rates of change for periods indicated.
Latestdata plotted: August preliminary
Prepared by Federal Reserve Bank of St. Louis

Personal Income

Source-. U.S. Department of Commerce
Percentages are annual rates of change for periods indicated.
Latest data plotted: September preliminary
Prepared by Federal Reserve Bank of St. Louis

8
f t i t l O N A L PRODUCT IN CURRENT D O L L A R S
COMPOUNDEDANNUAL RATES OF CHANGE

GROST

TERMINAL
QUARTER

INITIAL
1-66

2-66

3-66

4-66

1-67

2-67

3-6 7

4-67

1-68

2-68

3-68

4-68

i “ 69

2-69

3-69

4-69

i — 70

“B IL L IO N S OF .......
DOLLARS
ANNUAL RATES
2-70

11 . 4

2-66

9.6

7. 8

3-66

9. 7

7.4

7.0

A —6 6

8,5

7. 6

7.5

8. 1

1-67

7.2

6.2

5.6

5.0

1.9

2-67

6.9

6.0

5.5

5.1

3.6

5.3

3-67

7. 1

6.4

6.2

6.0

5.3

7.0

4-67

7.2

6.6

6.4

6.3

5.9

7.2

8.2

7. 7

1-68

7.5

7.0

6.9

6.9

6.6

7.8

8.7

8.7

9.6

2-68

7*9

7.5

7.4

7« 5

7.4

8.6

9.4

9.6

10.6

11.6

3-68

7.9

7.6

7.6

7. 6

7.6

3.5

9,2

9.4

9.9

10.0

8.5

875.8

4-68

7.9

7.6

7.5

7. 6

7.5

8.4

8.9

8.9

9.3

9.1

7.9

7.3

891.4

1-69

7.8

7.6

/« 5

7*6

7,5

8.3

8.7

8. 7

8.9

8.7

7.8

7.4

7,5

2-69

7.8

7.5

7.5

7.6

7. 5

8.2

8.5

8.5

8.6

8.4

7.6

7.4

7.4

7.3

3-69

7.8

7.6

7.6

7.6

7.6

8.2

8.5

8,5

8.6

8 *4

7.8

7.6

7.7

7.9

8.4

4-69

7.6

7.3

7.3

7*3

7.3

7, a

6 *0

9.0

8.0

7.8

7.1

6.9

6.8

6*5

6.2

1-70

7.3

7.1

7.0

7.1

7.0

7.4

7.6

7.5

7.5

7,2

6.6

6.3

6. 1

5.7

5.2

3.6

3.3

2- 70

7.2

7.0

6.9

6.9

6.8

7.2

7.4

7.3

7.2

6.9

6.4

6.1

5.9

5.6

5.1

4. 1

4.1

4.9

7.1

6.9

6.9

6.8

6.8

7.1

7.3

7 . 1 ___7 . J . ___

6 *_8____ 6 . 3

.6 . 1

5.9

5.6

5.3

4.5

4.7

5.4

4-65

1-66

2-66

3-66

4-66

1-67

2-67

3-68

4-6 8

1— 6 9

2-69

3-69

4-69

1-70

o

1-66

w
I

4-65

QUARTER

729.5
743.3
755.9
770.7
774.4
784.5
390.9

8.6

3-67

815.9

4— 6 7

834.9

1-68

INITIAL
p-

858.1

2-68

907.6
9 0 . 7
942.6
3.9

951. ?
959.5

971.1
9 8 5 . 2P

5.9

2-7 0

QUARTER

P R E L I MINÄ RV
P R E P A R E D BY F E D E R A L R E S E R V E BA NK O F S T . L O U I S
O CTOBER 15» 1970
N A T I O N A L P R O D U C T I N C O N S T A N T 1958 OULLAKS
C O M P O U N D E D A N N U A L R A T E S O F C H A N G E_____________________________________________________________________________ _
- ...... - — •- .
- ...... B I L L I O N S OF

GROSS
----------------------------- ---------------------------------------------------------------------------

T E R M I N A L _____________________________________________________________________________ _____ I N I T I A L
QUARTER
4-65

1-66

2-66

3-66

4-66

1-67

2-67

3-6 7

4-67

1-68

Q U A R T E R _______________________________________________________________________________ D O L L A R S
ANNUAL R A f E S
3-69
4-69
1-69
2-69
1-70
2-70
2-68
3-68
4-68
649.1

1-66

8.1

2-66

5.9

3. 7

655.0
660.2

3-66

5.0

3.4

3.2

4-66

4.9

3.9

4.0

4.9

1-67

3.8

2.7

2.4

1.9

2-67

3.6

2.8

2.5

2.3

1. 1

3.0

3-6 7

3.7

3.0

2.9

2.8

2,2

3.7

4-6 7

3.6

3.0

2.9

2.8

2. 3

3.4

3.6

2.8

1-68

3.9

3.4

3.3

3.3

3.0

4.0

4.4

4. 3

5,9

2-68

4. ?

3.8

3.8

3.9

3.7

4.6

5.0

5.2

6,5

3-68

4.2

3.8

3.8

3.9

3.8

4.5

4.9

5.0

5,7

5,6

4,1

4-6 8

4. 1

3. 7

3.7

3.8

3.6

4.3

4.5

4. 5

5,0

4,6

3,5

2.8

1-69

4.0

3.6

3.6

3.6

3*5

4.1

4.2

4.2

4.5

4, 1

3,2

2.7

2,6

2-69

3.8

3.5

3.5

3.5

3.4

3.9

4.0

3.9

4.1

3.7

2,9

2.5

2,4

2.2

3-69

3.8

3.4

3.4

3.4

3.3

3.8

3.8

3.8

3.9

3.6

2,9

2,6

2,5

2.5

2.7

4-69

3.5

3.2

3. 1

3.1

3.0

3.3

3.3

3,2

3.3

2.9

2.2

1,9

1.6

1.3

0.9

-0.9

668.1
666*6

-C.9

671.6
678.9

4.4

683.6
693,5

705.4

7,0

112.6

717.5
722.1
726.1
730.9
729.2

1-70

3. 1

2*8

2.7

2.7

2.5

2.8

2.8

2.6

2.6

2.2

1,5

1.0

0,7

0.2

-0.4

-1.9

-2,9

2-70

2.9

2.6

2.6

2.5

2.4

2.6

2.6

2,4

2.4

2,0

1.4

1.0

0.7

0,3

-0.2

-I. 1

-1,2

0.6

3-70

2.8

2.6

2.5

2.5

2.3

2.5

2.5

2,3

2,3

1, 9

1, 4

1,0

0.8

0.5

0.2

-0 .5

-0,3

1.0

1.4

4-65

1-66

2-66

3-66

4-66

1-67

2-67

3-67

4-67

1- 6 8

2-68

3-68

4-68

1-69

2-69

3-69

4-69

1-70

2-70

INITIAL
P-

723.8
724.9
7 2 7 . 5P

QUAI TFJT

PRELIMINARY




prepared

OCTOBER

bv

15*

federal

1970

« e -$f

r w

bank

of

st

. m n r

-

9

Demand and Production
Ratio S c a l e
Trillions of D o lla r s

Quarterly Totals at Annual Rates
Seasonally Adjusted

Ratio S c a l e
Trillions of D o lla r s

1.1

.0

.9

.8
.7

.6

.5

L lG N P in current dollars.
L2GNP in 1958 dollars.
Percentages are annual rates of change for periods indicated.

Source: U.S. Department of Commerce

Late std ata plotted-.3rd quarter p relim inary




Prepared by Federal Reserve Bank of St. Louis

JO
F I N A L SALES IN CURRENT DOLLARS
COMPCUNDED ANNUAL RATES OF CHANGE
INITIAL

TERMI NAL
OUARTER
1-66

4-65

2- 66

3- 66

4-66

2-67

1-67

3-67

4-67

B I L L I O N S OF
DOLLARS
ANNUAL RATES

QUARTER
2-68

1- 6 8

3-68

1-69

4-68

2-69

3-69

4-69

1 - 70

2-70
718.2

1- 66

10.6

2-66

7.8

5. 1

3—66

8.4

7. 3

9.6

4-66

7. 2

6. 1

6.6

3.7

1- 67

7.3

6. 5

7.0

5.7

7.7

2-67

7.5

6. 8

7.3

6.5

7.9

8.2

3-6 7

7.3

6. 8

7. 1

6.5

7.4

7.3

6.4

4-67

7.3

6. 8

7.1

6.6

7.3

7.2

6.8

7.1

1- 6 8

8.0

7. 7

8.0

7.8

8.6

8.8

9.0

10.4

13.8

?— 68

7.9

7. 7

8.0

7.7

8.4

8.6

8.7

9.5

10 . 7

3-68

8. 1

7. 9

8.2

8.0

8.6

8.8

8.9

9.5

10.3

8.7

9.7

4-68

8.0

7. 8

8.0

7.9

8.4

8.5

8.5

9.0

9.5

8.1

8.3

727.1
744.0
750.8
764.8
780.0
792.2
805.9
«32.3
847.8

7.7

867.6
882.1

6.9

1-69

8.0

7. 8

8.1

7.9

8.4

8.5

8.5

8.9

9.3

8.2

8.3

7.7

8.5

2-69

8.0

7. 8

8.0

7.9

8.3

8.3

8.4

8.6

8.9

8.0

8.0

7.5

7.8

900.2
915.9

7.2

3-69

7.9

7. 7

7.9

7.8

8.1

8.2

8.2

8.4

8.6

7.8

7.8

7.3

7.5

7.0

6.9

4-69

7.8

7. 6

7.8

7.6

8.0

8.0

8.0

8.1

8.3

7.5

7.5

7.0

7.1

6.6

6.3

5.8

931.2
944.5
957.9

1-70

7.6

7. 5

7.6

7.5

7.8

7.8

7.8

7.9

8.0

7.3

7.2

6.8

6.8

6.4

6.2

5.8

5.8

2-70

7.5

7. 3

7.4

7.3

7.5

7.5

7.5

7.6

7.6

6.9

6.9

6.5

6.4

6.0

5.7

5.3

5.1

4.3

3-70

7.4

7. 2

7.3

7.2

7.4

7.4

7.3

7.4

7.4

6.8

6.7

6.3

6.3

5.9

5.7

5.4

5.2

4.9

5.5

4-65

1-66

2-66

3-66

4-66

1— 67

2-67

4-67

1-68

2-68

3-68

4-68

1-69

2-69

3-69

4-69

1 - 70

2-70

3-6 7

INITIAL

*

968.1
981.2 9

iQUARTER............. " " .......

P - PRELI MI NARY

F I N A L SALES I N CONSTANT 1958 DOLLARS
COMPOUNDED ANNUAL RATES OF CHANGE
INITIAL

TFRMI NAL

PREPARED BY FEDERAL RESERVE
OCTOBER 15* 1970

BANK OF S T .

B I L L I O N S OF
DOLLARS
ANNUAL RATES

QUARTER

quartep

4-65
1-ft ft
.2-66
3-ftft

1- 6 6

?- 6 6

3 66

4-66

1- 6 7

2 -1&7

3-1S7

4 67

1- 6 8

2- 6 8

3-68

4-68

1- 6 9

2-69

3-69

4-69

1- 70

2-70

... 7- 1

636*4

4.0
4.7

3.4

639.6

... 0 . 8 .

4 -Alt,
__L - 6 J

6. 1

649.1

_ 1 . 5 ___ . 2^3 _

649.5

.1^8___ i . Q _

3. 7

? .6

5.0

7-ft7

4.7

*3.6

4.3

3

5 .ft

(S.1

3—f>7

1 - 9 ___ 3..JÌ-

3.9

3. 3

4 *_4

4 .0

?.0

_A-67 _

_3_.7___ 3. 2

3 ».6____ 3 - 1

3.4

7.1

?

4.4

4. 5

5. 1

4.8

6.2

1—6 H
7-ftft
_ 3-68 „

4.0

4 . 7___ 3.« .9

4.3

5.1

657.5
667.3
____6 7 S U 6 _
.3

674.4
10 . 3

691.1

4 . 7___ 4 . 6 .

4^1

4^ 4___

4.8

4.8

695.9

4.7

3.9

4. 3

5. 1

6.5

2.8

4-5

4..J:___ 4. 1

_4*3.

5

6^1

4. 1

5.5

705.2

4.7

4.0

4 .5

4 *4

4 .1

4 .6

5

3.5

3.8

2.2

._l-69

..4*2._.. .. 3 - 9 .

4.2

.4 . Q

4 .4

4.4

4 .1

4 .5

4 .9

3.6

3.9

3.1

4.1

_ 2 - 69

„4

... 3 . 7

.

4.0

3. a

4 .7

4 .1

3.8

4.1

4 .4

3.3

3.4

2.7

3.0

1*9

3.5

3.8

3.6

3-9

3 .8

3. 5

3-7

3- 9

2.9

2.9

2.2

7.2

1.3

0.8

4- 6R

3-ftQ

3.8

LOUIS

4-69

1. 6

3.4

3.6

3.4

3 .6

3.5

3. 3

l r 70

3.4

3.1

3.3

3. 1

3.3

3.2

?

.9

7- 7 D

3.7

2.9

3. 1

?.9

3.1

?.9

?

3-70

3.. 1

2.3

3 . Q~

?.8

? ,9._

?

4-6 5

I — 66

2-66

PDigitized P R E FRASER
for L I M I N A R Y


66

—
3i )

— bf>
4• i

1— <
67

709.0
_ _716,1
719.4

3 *_4_ .

3 .5

2.6

2.6

2.0

2.0

1.3

_ 1.0

3.0

3 .1

2.2

2.2

1.6

1.5

0.9

0*6

720.9
_1*2_
_Q,

723.0

4

-0.3

722.4

.7

? -7

?. 8

2.0

1.9

1.3

1.7

0.6

0.3

0.2

-0.3

-0.3

..... ? . 6

? .6

? .ft

1.9

1 .ft

1.3

1.2

a._a

(L.5

n.5

0.7

0.5

1.3

2 67

3 67

4 67

-68

3— 68

4-68

1- 6 9

2-69

3-69

4-69

1-70

2-70

1

-68

INITIAL

2

721.9
7 2 4 . 3P

QUARTER

PREPARED BY FEDERAL RESERVE BANK OF S T . L O U IS
OCTOBER 1 6 . 1970

-

11

Final Sales
Total Spending Less Changes in Business Inventories
Rotio Scale
Trillions of Dollars

Quarterly Totals at Annual Rates
Seasonally Adjusted

Ratio S c a l e
Trillions of D o l l a rs

Source: U.S. Department of Commerce
Percentages are annual rates of change for periods indicated.

Latest d a t a plotted:3rd quarter preliminary




Prepared by Federal Reserve Bank of St. Louis

12

C O N ä P Ü I PRICE INDEX *
COMPflUMOCO ANNUAL R ATES OF C H A N G E
TERMINAL
MONTH

1 9 5 7 - 5 9 • 100

INITIAL M O NTH
3-69

3-69

9.0

5-69

6-69

7-69

8-69

12-69

9-49 10-6* 11-69

1-70

2-70

»-70

6-70

5-70

4-70

7-70

8-70

10. 1

4-69

4-69

5-69

125.6
126.4

5.9

- ..

f r
3

126.8

, , \

6-69

7.4

6,5

5.8

7.8

7-69

7. 1

6.3

5.8

6.8

5.8

127.6

\
\

128.2

8-69

6.7

6^0

5.6

6.1

5.3

4.8

9-69

6.6

6.0

5.6

6.0

5.4

5.3

5, r

10-69

6.3

5.8

5.5

5.8

5.3

5.1

5.2

4.7

11-69

6.4

5t 5_-

5.6

5,9

5.5

5.5

5.7

5.7

12-69

..6 . 5

128.7
129.3
129.8

+5.8%

130.5

6 ,„L. . 5 . 9

6

5.9

5.9

6.2

6.3

7.1

7.6

J^3

6.0

5.7

6.0

5.7

5.7

5.9

5.9

6.3

6.1

6.Q

5.8

6.0

5.8

5.8

6.0

6.0

6*4

6.3

5.6

r~
1

0

6.4

6. 1

5,9 _

6 *_L_

5.9

5,9

6.1

6.1

6.6

6.3

5.9

4.5

6.5

4-70

6.4

..6 fj..

6.0

6.2

6.0

6. 1

6.2

6.3

6.6

6.6

6.3

6.6

7.0

_Lr7Q.._
IrJQ .

131.3
131.8

4.7

132.5
133.2

\
7 . 5 ^ ^

134.0
134.6

6.1

6.a

6*2

6.0

6.0

6.2

6.2

6.4

6.4

6.1

6.5

6.5

6.5

6. 3

6.1

5,9

6.1

6.0

6.0

6.1

6.1

6.3

6.3

6.0

6.3

6.2

6.1

7—7 0

6.2

6.0

5.8

6.0

5.8

5,9

5,9

6.0

6.1

6.0

5.8

6.0

5.9

5.7

5.2

5.0

4.5

135.7

8- 70

6.0

5.8

5.6

5.8

5.6

5.6

5.7

5.7

5.8

5.7

5.4

5,5

5.4

5.1

4.5

4.2

3.6

136.0

9-70

6.0

1 5,8 |

5.6

5.7

5.6

5.6

5.7

5.6

5.7

5.6

5.4

5.5

5.4

5.2

4.7

4.5

4.2

4.0

5.4

4-69

5-69

6-69

7-69

8-69

9-69

10-69

11-69

12-69

1-70

2-70

3-70

4-70

5-70

6-70

7-70

8-70

_5r70 . 6 * 4
..
6-70

2-69

3-69

INITIAL
*

135.2

5.5

]

136.6

MONTH

NOT SEASONALLY ADJ USTED
P R E P A R E D BY F E D E R A L
”
_
-----------UllUDEK ¿1» 1970
WHOLESALE P R I C E S 1 1NDÜSfR f Al TÖMHÖÜ I T I T ? *
COMPOUNDED ANNUAL RATES OF CHANGE
INITIAL

TERMINAL
MONTH
2-69

3-69

4-6P

5- 69

6- 69

7-69

8-69

9-69

10 - 6 9 11 - 69

B A N K O F ST. L O U I S

RESERVE

1957- 59 «

MONTH
12 - 6 9

1-70

2- 70

3-70

4— 70

5-70

6-70

7-70

100

8-70

3- 69

6.7

112.0

4-69

3.8

112.1

5- 69

2.9

1. 1

1. 1

6-69

2.2

0.7

0.5

1. 1

112.2
0.0

112.2
112.4

7-69

2.2

1. 1

l.l

1. 1

2. 2

8-69

2.5

1. 7

1. 9

2.2

3.3

4.4

9-69

2.8

2.2

2.4

2.7

3.6

4.3

112.8
4.3

113.2
1Ì3.8

1 0- 69

3.2

2.8

3 .1

3.5

4.3

5.1

5.4

6.5

11 - 69

3.4

3.0

3.2

3.6

4.3

4.9

5.1

5.4

4.3

12-69

3.5

3. 1

3.4

3.7

4.3

4.8

4.9

5.0

4.3

1-70

3.6

3.3

3.6

3.9

4.5

4.9

5.0

5.1

4.6

4.8

5.4

4.4

4.8

4.8

4*9

4,5

4.6

4.8

4.3

4.3

4.6

4.6

4.6

4.3

4.3

4.3

3.7

3.2

4.5

4.6

4.6

4.3

4.3

4.2

3.9

3.7

4.2

2-70

3.7

3.4

3.7

3.9

, 3-70

3 .6

3.4

3. 6

3.9

3.5

3.7

3.9

4-70

3. 7

4.3

114.2
114.6

4.3

115.1
115.5
115.8
116.2
116.6

5-70

3.7

3. 5

3.7

3.9

4.3

4.5

4.5

4.5

4.3

4.2

4.2

4.0

3.9

4.2

4.2

6- 7 0

3. 5

3.3

3. 5

3.7

4.0

4.2

4.2

4.1

3.8

3,8

3.7

3.4

3.1

3. 1

2.6

1.0

7-/0

3.5

3. 3

3.4

3.6

3.9

4.0

4.0

3.9

3.6

3.6

3.5

3.2

2.9

2.9

2.4

1.6

2 .1

8- 7 0

3.4

3.2

3. 3

3.5

3.7

3.9

3.8

3.8

3.5

3.4

3.3

3.0

2.8

2.7

2.3

1. 7

2.1

2.1

_3 . 5_

3.7

3.8

3.8

3.7

3.5

3.4

3.3

3.0

2.8

2.8

2.5

2.1

2.4

2.6

3. 1

6-69

7-69

8-69

9-69

10- 69

1 1 - 69

12-69

1-70

2-70

3- 70

4-70

5-70

6-70

7- 70

8-70

9-70

_1 . 4
2- 69

_
3. 2 _ 3 . 3
3-69

4-6 9

5-69

INITIAL

116.7
116.9
117.1
117.4

M
1 ONTH

*... N '1T SFASONALLY ADJUSTED




PREPARED BY FEDERAL RESERVE
OCTOBER 1 2 , 1970

BANK OF S T .

L O UI S

13

Prices
Ratio S c a l e

Ratio S cale

1957-59=100

1957-59=100

Source: U.S. Department of Labor
Percentages are annual rates of change for periods indicated.
Latest data plotted: Septem ber




Prepared by Federal Reserve Bank of St. Louis

*

WHOLESALE PRICES* ÁLL íffWMODI T I ES *
COMPOUNDED ANNUAL RATES OF CHANGE
INITIAL

TERMI NAL
MONTH
2- 6 9

3-69

4-69

5-69

6-69

7-69

8-69

9-69

10-69

11 -6 9

195 7 - 59 * 100

MONTH
12 - 6 9

1-70

2-70

3-70

4-70

5-70

6-70

7-7 0

8-7 0

6.7

111.7

4-69

4.4

2.2

111.9

5-69

6.3

6.1

10. 1

3-*9

112.8
1 1 3 .2

6-69

5.8

5.5

7.2

4.3

7-f 9

4.8

4.4

5. 1

2.7

l.l

8-69

4.2

3,7

4. 1

2.1

l.l

1. 1

9-69

3.9

3.4

3.7

2.1

1.4

1 .6

i 0—69

113.3
113.4
113.6

2. 1

114.0

2.6

2.1

2.5

3. 2

4.3

4.3

3.4

3.2

3.8

4.7

6.0

7.6

4.3

3.5

3.4

3.9

4.6

5.4

5.9

3.9

3.6

3. 8

11 - 69

4.3

4. 1

1 2 - 69

4.3

4. 1

11 4 . 7
11 5 .1

4.3

1- 70

4.8

4.6

4.9

4.3

4.3

4.8

5.6

6.5

7.2

7.0

9.8

2-70

4. d

4.6

4.8

4. 3

4.3

4.7

5.4

6.0

6.4

6.1

7.0

116.0
4.2

Î 16.4

3-70

4. T

4.4

4.6

4. 1

4.0

4.4

4.9

5.4

5.6

5.1

5.3

3.1

2. 1

4-70

4.2

4.0

4.2

3.7

3.6

3.9

4.3

4.6

4.6

4.0

4.0

2. 1

1.0

0.0

116.6

5-70

4. 1

3.9

4.0

3. 5

3.5

3.7

4.0

4.3

4.2

3.7

3.6

2.1

i •4

1. 0

6-70

4.0

3.8

3.9

3.4

3.4

3.6

3. 8

4.0

4.0

3.5

3.3

2.1

1. 6

1. 4

2. 1

2. 1

7-70

4.2

4.0

4. 1

3.7

3. 7

3.9

4. 1

4.3

4.4

3.9

3.9

3. C

2.7

2.9

3.8

4.7

116.6
2.1

11 6.8
117.0
7. 4

1 1 7 .7

8- 7 0

3.6

3.5

3.5

3. 1

3.0

3. 2

3. 4

3.5

3.4

2.9

2.7

1. 8

1. 4

1. 2

1. 6

1. 4

1.0

-5.0

9-70

3.8

3.6

3. 7

3.3

3.2

3.4

3.6

3.7

3.6

3.3

3. 1

2.3

2. 1

2. 1

2.5

2.6

2.«

0.5

6 .3

2-69

3-69

5- 6 9

6- 69

7-69

8-69

9-69

10 - 69

11- 69

1 2 - 69

1- 7 0

3- 7 0

4-7C

5-70

6-70

7-70

8-70

4-69

In i t i a l
*

2-70

1 1 7 .2
1 1 7 .8

month

NOT SEASONALLY AOJUSTEP
PREPARED BY FEDERAL RESFRVE RANK OF ST . L OUI S
OCTOBER 12, 1970
WHOLESALE PRICES - 1 ARM PRODUCTS, AND PROCESSED FOODS AND FEEDS*
F
COMPCUNDEO ANNUAL RATES OF CHANGE
INITIAL

terminal
month

2- 6 9

3— 6f) ■ Ç - K T ""5r W

3-6 9

5.3
1^.3

19. 4

15.a

18. 5

2 7.6

13 . 6

3-70

4— 7 C

5- 7Ô

6-70

7-70

8- 7 C

40."7

6-6 9

2-70

11— 69 12- 69

2.2

5-6^

10- 69

1957— *9 * 100

7.9

4-69

A—

MONTH

110.7
110.9
114. 1
15. 8

11 5 . 5

7- 6 9

12. 4

17. 7

7. 6

0.0

8- 6 9

‘ .5
3

"fi. 7”

10 . 3

1 .8

-4.6

-9.C

9-69

6. i

6. 6

7. 6

0.5

-4.1

-6. 1

-3.1

1 0 - 69

5. 9

5.6

6.2

0.4

-3. 1

-4. 1

-1.6

o.c

11- 69

7. 5

2.8

0.4

0.5

3.9

7.6

115.5
1Ì4.6
1 1 4. 3
114.3

7. 1

6.9

12- 69

7. 3

6.9

7. 5

3. 5

1. 6

1.9

4.8

7.6

11. 5

7.5

1- 7 C

^. 2

3. ?

a. 9

.5.4

4.Û

4.7

7.7

10 . 6

14 . 4

13.7

20.2

2-70

7.9

7.9

3. 5

5. 4

4.2

4.8

7. 3

9.5

12. 0

10 . 8

12. 5

5.2

3-70

7.4

7. 3

7 .3

5.0

3.8

4. 3

6.4

8.0

9.7

8.3

^.5

3.1

4.0

3. 1

- 2 .0

-5.4

-11.5

2.3

1. 2

-3.0

-5.6

-8.8

-6.C

-3.0

-4.3

-0.5

5. 3

1. 3

5.9

12.4

15. 7

115.7
116.4
118. 2

5.7

n. 0

3. 4

2.2

?. +

4.0

5.0

5.9

5- 7 0

r<. 1

4.9

5. 1

2.5

1. 4

1. 6

2.8

3.6

4.1

6-7 0

5. I

4.9

5. 1

2.7

1. 7

1. 9

3.0

3. H

4.2

2.7

1. 9

-1.4

5. 8

6.0

3. 9

3. 0

3. 3

4.5

5. 3

5.9

4.7

4.3

I .9

4— 70

7- 7 w

118.7
1. 0

1.2

118.8
117.6
117.0
11 7 . 5

ToTcF

119.3

e-70

4. ?

4.0

4. 1

2.0

1. 1

1. 2

2. 1

2.6

2 . ft

1. 5

0.8

-1.7

-2.8

-3.6

-1.5

C. O

-2.5

-20.8

9- 70

't.d

4.6

4.0

2.9

2. 1

2.2

3. 1

3.7

4.0

2.9

2.4

0.4

-0.3

-0.5

1. 8

3.9

3.4

-4.0

16.5

')

3- 69

4-69

5- 6 9

6-69

7-69

8-69

9 - 6 9 10-69

11-69

1 2 - 69

1- 7 0

2-70

3-70

4-70

5- 70

6-70

7- 70

8-70

2 -f

INITIAL
*

NHT

117.0
11 8 . 5

MONTH

SEASONALLY A D J U S U i l




PREPARED BY FEDERAL RESERVE BANK OF S T .
OCTOBER 12» 1 ^ 0

L O UI S

15

General Price Index*
Ratio Seal«
1958=100

1962

Ratio Seal*
1958-100

1963

1964

1965

1966

1967

*As used in Not i onal I ncome Account «

1968

1969

1970

Source-. U.S. Deportment of C omme r c e

Percentages are annual rates of c hang e for per i ods i ndi cated.
Latestdata plotted: 3rd q u a r t e r p r el i mi nar y
Pr epar ed by Federal Reserve Bank of St. Louis

tW P l1C I T
TERMINAL

P R I C E D E F L A T O R F OR G R O S S N A T I O N A L
C OMPOUN DE D ANNUAL R A T E S OF C HA NGE

INITIAL

PRODUCT

QUARTER

1953

=

100

QuAATEfc
4-65

1-66

2-66

3-66

4-66

1-67

2-67

3-6 7

4-67

1-68

2-68

3-68

4— 6 8

1-69

2-69

3-69

4-69

1-7 0

2-7C
112.4

1-66

3.3

2-66

3 .G

4.0

3-66

3.6

3.8

I ! 3.5
3.6

114 •

4-66

3.5

3.6

3.4

3.2

1-67

3.4

3.4

3.2

3.0

2.8

2-67

3. L

3.1

2.9

2.7

2.4

2. 1

3-67

3.3

3.3

3.2

3.1

3.0

3.1

4.2

4-67

3.5

3.5

3.4

3.4

3.5

3.7

4.5

4.8

115,4
116.2
116.8
118.0
119.4

1-68

3.5

3. 5

3.4

3.4

3.5

3.6

4.1

4. 1

3.4

2-68

3.6

3.6

3.5

3.5

3.6

3.8

4.2

4,2

3.9

4.4

3-63

3.6

3.6

3.6

3.6

3.7

3.8

4.2

4.2

3.9

4.2

4.0

A—6 8

3.7

3.7

3.7

3.7

3.8

3.9

4.2

4.2

4.1

4.3

4.3

4.6

3.8

3.8

3.8

3.8

3.9

4.0

4.3

4. 3

4.2

4.4

4.4

4.6

4.6

120.4
\2Î - /
1? •,
'

____ i
i

2-69

3.8

3.9

3.9

3.9

4.0

4.1

4.4

4.4

4.3

4.5

4.5

4.7

4.7

4.9

3-69

4.0

4.0

4.0

4. 1

4. 1

4.3

4.5

4.6

4.5

4.7

4.8

5.0

5.1

5.3

4-69

4.0

1-70

4

2-70
3-70

129.0

4. 1

4.1

4. 1

4.2

4.3

4.5

4.6

4.5

4.7

4.8

4.9

5.0

5. 1

5.3

4.7

4.2

4.3

4.4

4.5

4.7

4.8

4.8

4.9

5.0

5.2

5.3

5.5

5.7

5.7

4.2

4. 2

4.2

4.3

4.4

4.5

4.7

4.7

4.7

4.9

4.9

5.1

5.1

5.2

5.3

5.2

5.4

4.3

4. ?

4.2

4.2

4.3

4.4

4.5

4.7

4*7

4.7

4.8

4.9

5.0

5.0

5.1

5.L

5.0

5.0

4.3

1-66

2-66

3-66

4-66

1-67

2-67

3-67

4-67

1-68

2-68

3-68

4-68

1-69

2-69

3-69

4— 6 9

4-65

T R T T I ÀL



P:-

;? / ./ !
5.8

4. 2

t£

. Ì
5» 7

I 10.
6.6

1 4.0
.
I 45.4P

4.2

"2-70

ÛÜ A f c t E R

PRELIMINARY

P R E P A R E D 8/
OCTOBER 15,

FEDERAL
1970

'«

i 3/ . K

» É SERVE

BANK

OF

ST,

LOUIS

Inventories Compared With Monthly Sales’
M a n u f a c t u r i n g a n d T rade

1.36

1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970

♦Ratios based on seasonally adjusted data.
Source:U.S.DepartmentofCommerce
Shaded areas represent periods of business recessions as defined by the National Bureau of Economic Research.
[ lO n ly July and August revised to new benchmark data.

Latest data plotted: A u gust


Prepared by Federal Reserve Bank of St. Louis

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