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nATionAi Economic t r e d o s
P R E P A R E D

M o n th

e n d in g :

S e p te m b e r

A n
s in c e

M a y

th ir d
1 6 .9

th e
th a t

a t

1 5 .3

T h e
c o n t in u in g
9 .1

p e rc e n t
a t

a

p e rc e n t

in

th e

th ir d

r e a l

d is p o s a b le
p e rs o n a l
a ft e r

G N P

a t

fix e d

a ft e r

w h ic h

b e in g

fe ll

o f

a t

a

th e

e n d

o f

e m p lo y m e n t
in c r e a s e d

a t

e m p lo y m e n t
q u a rte r.
fo r c e

in

a

th e

th ir d




r a te

a n n u a l
in

a t

a

r a te ,

2 .8

in

1 .0

b y

ro s e

th a n

th e

p r ic e s

th e
a t

a

1 0 .1

in c r e a s e d

r is in g

p r io r

a b o u t

3 .4

a t

in

a

1 0 .4

m a rk e d

q u a rte r,

r e f le c tin g

in v e n to r ie s

s e c to r

a

in
in

w h e re
r a te .

p e rc e n t
q u a rte r.

e ig h t

r a t e

in

q u a rte rs .

th ir d
o f

th e
M o s t

q u a rte r,
g o o d s

c o n tra s t

to

a

th e

a n d

r e a l
R e a l

5 .2
p r io r

th e

a

fe ll

G r o w th

p r ic e s ).

p e rc e n t

th e

th ir d

p e rc e n t

a t

p u rc h a s e s

r a te ,
R e a l
th ir d
o th e r
m o s t

s e r v ic e s ,

1 2 .9

p e rc e n t

s e c o n d

q u a rte r

S e p te m b e r,

c iv ilia n

q u a rte rs .

th e

F ro m

p e rc e n t

s e c o n d

th e
r a te ,

(1 9 7 2

a

5 .0

fro m

O n

a v e ra g e d

in

c o n s u m e r

d u r in g
a

th e

p e rc e n t

r a te

a t

a t

th re e

r a te .

0 .7

a ft e r

r a t e

a d v a n c e d

q u a rte r.

a

a b s o rb e d

d e fla to r

lo w e r

B u s in e s s

th e

r a te

ro s e

e x p a n d e d

th e

r is in g

p r ic e

p e rc e n t

in v e n to r y .

in c r e a s e d

p r io r

q u a rte r,
in

(G N P

C o n s u m e r

3 .7

g o v e rn m e n t

U n e m p lo y m e n t

u n e m p lo y m e n t

a

d e c lin e d

a

n o

s a le s

d e c lin in g

s lig h t ly

p e rc e n t

a t

o f

p e rc e n t
a t

1 .0

G N P

a t

1 .1

ro s e

a

e a c h

p e rc e n t

g re w

v ir t u a lly

fin a l

la r g e ly

S e p te m b e r,

in

th ir d

in

in d ic a te

p ro n o u n c e d ,

m o re
a f t e r

w e re

o n ly

r e a l

th e

a t

r a te

m o n th s .

p e rc e n t

fe d e r a l

th e

to

b illio n

1 0 .5

o v e r

1980

th e

g re w

p e rc e n t

fo llo w in g

im p lic it

q u a rte rs .

e x p e n d itu r e s

o f

4 .1

T h e

p r in c ip a lly

E m p lo y m e n t
to

a t

in v e s tm e n t

r e a l

in c r e a s e

tw o

fiv e

$ 6 .8

d e c lin in g

d u r in g

(M 1 B )

q u a rte r

n o m in a l

e v e n

s p e n d in g

Ju ly

in c o m e

a

in

1 .6

th ir d

r a te ,

q u a rte r

q u a rte r,

b u s in e s s

a

p e rs o n a l

c o m p o n e n ts

n o ta b le

r a te

a t

th e

a

3 1 ,

a g g re g a te s

a c t iv it y
s to c k

o n ly

fo r

w a s

th ir d

e x p a n d e d

o c c u rre d ,

d e c lin in g

m a jo r

ro s e

c o n s u m p t io n

r e s id e n tia l
q u a rte r,

p r io r

q u a rte r

a t

O c to b e r

m o n e ta ry

m o n e y

r e v e r s a l

in f la t io n .

fro m

in

th e

d a ta

g ro w th

th e

th e

e c o n o m ic

p e rc e n t

T h e

p r e v io u s

d e c lin e

s p e n d in g

1 0 .2

th ir d

s a le s

in

e x p a n d in g

n o m in a l

o f

ST. L O U I S

q u a rte r.

th e

fin a l

s u b s ta n tia l

in

r a te

o v e r

r e a l

in

th e

th e

p e rc e n t

r a te

a

s e c o n d

in

R e a l
w h ile

r a te

p a c e

r a te

r a te

1 0 .9

a t

q u a rte r.

g a in s

r a p id

p e rc e n t

a ft e r

P r e lim in a r y

ro s e

th e

r e v e r s a l

o f

S e p te m b e r,

a c c u m u la t io n )

in

g ro w th

to

s e c o n d

p e rc e n t

p e rc e n t r a t e

th e
a

M a y

G N P

th e

in v e n to r y
a

in

O F

R e le a s e d :

to

m o n th s .

B A N K

1 9 8 0

a n n u a l r a te ,

e ig h t

in

3 0 ,

R E S E R V E

le d

F ro m

n o m in a l

c h a n g e
le s s

a p p a r e n t ly

p e rc e n t

p r io r

FED E R A L

e x p lo s io n

q u a rte r.

a

B Y

r a te

a

7 .6

a n d

fro m

a s

th e

p a y r o ll
a v e ra g e

th e

p e rc e n t

s a m e

q u a rte r.

o f
to

q u a r t e r ly

r a te

th e

e n d

Ju n e

th e

s e c o n d

o f

th e

7 .5

e m p lo y m e n t
b a s is ,
to

c iv ilia n

th e

c iv ilia n

p e rc e n t

th ir d
la b o r

a v e ra g e

_ J O T AL C I V IL I A N EMPLOYMENT
_
COMPOUNDED ANNUAL R A T ES OF CHANGE
TERM INAL

T nIT ìà l
2-79

3-79

4-79

5-79

6-79

7-79

8-79

9-79

10-79

MONTH

11-79

THOUSANDS
WT

12-79

1-80

^3-79

-1.5
-0.0

-0.8

0.5

0.1

2.5

~i.7~

1.8

T.9~

“
4.4"

1.1

0.9

2.4

2.1

2.2

1.8

1.8

3.1

3.2

3.6

2.0

10-79

Ì . V

1.5

2.6

2.5

2.6

Ì .2

“ 79
2

~— 0 . 4

11-79

1.5

1.5

2.4

2.3

2.4

1.3

2.5

0.6

1.7

12-79

1.8

U 8

2.6

2.5

2.6

1.8

2.8

1.7

2.7

3.8

1-80

1.5

1.5

2.2

2.0

2.1

1.3

2.0

0.9

1.4

1.2

2-80

1.5

1.5

2.1

2.0

2.0

1.4

2.0

1.1

1.5

1.4

0.3

1.8

3-80

1.1

1.1

1.6

1.4

1.4

0.7

1.2

0.3

0.4

0.1

— 1.0

-0.9

8-80

-2.2

9-79

7-80

6.8

8-79

6— 80

2.0

7 —79

5-80

3.0

6-7V

4-80

-4.5

5-79

3-80

1 •6

4-79

2-80

96,623
96,254
96,495
96,652
97,184
V7,004
6i4~

97,504
97,474
97,608
97,912
— 1.3

97,804
97,953
-3.6

97,656

4-80

0.6

0.5

0.9

0.7

0.6

-0.0

0.2

—0 . 6

-0.7

-1.1

-2.3

-2.6

-4.8

—6 . Ò

5-80

0.4

0.3

0.7

0.5

0.4

-0.2

-0.0

-0.8

-0.9

-1.3

-2.2

-2.5

-3.9

-4.0

-2.0

6-80

0.0

-0.1

0.3

0.0

-0.1

-0.7

-0.6

-1.3

-1.4

-1.9

-2.8

-3.1

-4.3

-4.5

-3.8

-5.4

7-80

0.4

0.3

0.6

0.4

0.3

-0.2

-0.0

-0.6

-0.7

-0.9

-1.6

-1.6

-2.3

-2.0

-0.6

0.0

5.9

8-80

0.4

0.3

0.6

0.4

0.3

-0.2

0.0

—0 .6

-0.6

-0.8

-1.4

-1.4

-1.9

-1.6

-0.5

0.1

3.0

0.1

9-80

0.5

0.4

0.7

0.6

0.5

0.0

0.2

-0.3

-0.3

-0.5

-1.0

rO.f

-1.3

-0.9

0.1

0.7

2.8

1.3

2.5

2-79

3-79

4-79

5-79

6-79

7-79

8-79

9-79

10-79

11-79

12-79

1-80

2-80

3-80

4-80

5-80

6-80

7-80

8-80

97,154
96,988 ~
96,537
96,996
97,006
97,207

INITIAL MONTH

--- --

___P A Y R O L L E M P L O Y M E N T

-1

TERMINAL
MONTH

INITIAL MONTH
2-79

3-79

3-79

4-79

5-79

6-79

7-79

8-79

9-79

4.8

10-79

11-79

12-79

THOUSANOS
OF PERSONS
1-80

2-80

3-80

4-80

5— 8 0

6-80

7-80

8-80

89,455

4-79

1.9

-0.9

5— 79

2.7

1.7

4.4

89,386
89*708

6-79

¿.7

2.0

3.6

2.1

7-79

2.6

2.0

3.Ó

2.Ì

¿«6

8-79

2.5

2.1

2.8

2.3

2.1

2.4

9 — 79

¿•3

1.9

2.4

1.9

1.7

1.*

0.8

8 ? *969
90*054
90*222
9UÌZ93

10-79

2*3

1.9

2.4

2.0

1.8

l.t

1.5

2.1

11-79

2.2

1.8

2.2

1.9

1.7

1.7

1.5

1.8

1.5

12—79

2.1

1.8

2.2

1.9

1.7

1.7

i.$

1.8

1.6

i.7

” 07441
9
90*552
~9é*6tè

1-BO

2*4

2.1

2.5

2.2

2.1

2.2

2.2

2.5

2.6

3.2

4.è

2-80

2.3

2.1

2.4

2.2

2.1

2.2

2.1

2.4

2.5

2.8

3.4

2.1

3-BO

2.1

1.9

2.1

1.9

1.8

1.8

1.8

1.9

1.9

2.0

2.1

0.7

4-80

1.8

1.5

1.8

1.5

1.4

1.3

1.2

1.3

1.1

1.1

0.9

-0.4

-1.5

-2.5

5-BO

1.2

1.0

1.1

0.8

0.7

0.6

0.4

0.3

0.1

-0.2

—0.6

-1.8

-3.1

-4.4

— 6.2

6 — 80

0*8

0.5

0 .6

0.3

0.2

-0.0

-0.2

-0.3

-0.7

-1.0

-1.4

-2.6

-3.7

-4.7

-5.8

-5.4

7-80

0.6

0.3

0.4

0.2

-0.0

-0.2

-0.4

—0 . 6

-0.8

-l.l

-1.5

-2.5

-3.4

-4.1

-4.7

-3.9

-2.4

8-80

0.7

0.5

0.6

0.4

0.2

0.1

-0.1

-0.2

-0.4

-0.7

-0.9

-1.7

-2.3

-2.7

-2.8

-1.6

0.4

3.3

9-80

0.8

0.6

O.t

Ò.*

Ò.Ì

0.2

0*1

0.0

—0.2

-0.3

-0.6

-1.2

-1.7

-1.9

-1.7

-0.6

1.1

2.9

2V5

2-79

3-79

4-79

5-79

6-79

7-79

8-79

9-79

10-79

11-79

12-79

1-80

2-80

3-80

4-80

5-80

6-80

7-80

8-80

^1*031
91*186
9l,T44

-0.6

90,951
90*468
90*047
"89*867
90.109P
90*296P

INITIAL MONTH
P- PRELIMINARY

__________

-------------------------------------------------------------------------“




_ ____________________________________________________________
_
PREPA RED BY FEO ERA L R E S E R V E BANK OF S T .
------------- O t tO B É R 3 , I9 6 0

-----

2

L O U IS

RATIO

SCALE

MILLIONS
i IO
1

OF

I
?

PERSONS

1
%

t
%

$

*

1
5

oc?

oc?

1

105

SCALE

OF

♦
?:

AOJ USTEO

1

I
?

5;

SEASONALLY

MILLIONS

3

PERSONS

1




EMPLOYMENT
RATIO

105

*/

100

I 10

100

^97.2
TOTAL -

95

-2. 3X-------

^9 0.3

s'

90

\ T

*0. 9z

90

-3. 4X

+3. ;?z

85

95

+2. IX

y

i i /y

85

3Z
H. 4Z

80

80

*4. i

75

75
PAYIROLL

70

70
*

?
§
♦

65 t
1972

1973

¡?

?

$

$

♦

♦

Ì
t
1979

$
t

*
t
1980

1974

1975

1976

1977

1978
SOURCE:

PKfttENTACES ARE ANNUAL RATES OF CHAN6E FOR PERIO D S
LA T tST OATA PLOTTED»

65

U.S.DEPARTMENT OF LABOR

INDICATED.

SEPTEM BER PR ELIM IN A R Y
PREPARED BY FEOERAL RESERVE BANK OF ST .

LO U IS

U N E M P L O Y M E N T R ATE
SEASONALLY ADJUSTED

PERCENT

PERCENT
11.0

10.

10.0

9.

9.0

8.

8.0

7.0

6.0

6.

5.0

-1.0

I.

;l
1972

1973

1974

1975

1976

1977

1978
SOURCE:

U .S .

1979

1980

DEPARTMENT OF LABOR

PERCENT OF C IV IL IA N LABOR FORCE
LATEST DATA PLOTTED:

SEPTEMBER

PREPAREO BY FEDERAL RESERVE BANK OF S T. LOUIS

3

o

CONSUMER PRICE
COMPOUNDED
terminal

INDEX,
ANNUAL

INITIAL

MONTH
2-79

3-79

3— 7 V

1**1

1 2 *6

6-79

7-79

8-79

9-79

10-79

1967*100

MONTH

11-79

12-79

1-80

2-80

3-80

4-80

5-BO

6-80

7-80

8-BO

12*7

->
--79____ 1 2 .9

5-79

*

13*5

4-7V

4 — 7v

SEASONALLY AOJUSTEO
RATES OF CHANGE

209*9
212*0
1 2 *6
I 3 fl_ 13*7

-fr-7V____ 1.3±1._| 3 * 0
7— 79

13*2

13*1

13*3

13*6

13*5

tt-79

13*1

13*0

13*1

13*3

13*1

12*8

9-79

13*3

13*3

13*4

13*6

13*6

13*6

14*5

10-79

13*2

13*2

13*2

13*4

13*3

13*2

13*5

12*5

11-79

13*2

13*1

13*2

13*3

13*2

13*2

13*3

12*7

12*9

12-79

13*4

13*4

13*5

13*7

13*7

13*7

13*9

13*7

14*4

15*8

1-80

13*9

13*9

14.1

14*3

14*3

14*5

14*8

14*9

15*7

17*2

2-80

14*2

14*3

14*4

14*6

14*8

14*9

15*3

15*5

16*2

17*3

18*1

17*7

3-80

14*5

14*6

14*8

15*0

15*1

15*3

15*7

15*9

16*6

17*5

18*1

17*9

4-80

14*3

14*4

14*5

14*7

14*8

16*6

15*9

5-80

14*1

14*1

14*2

14*4 14*5

14*5

14*7

14*8

15*1

15*5

15*4

14*6

13*6

11*5

10*9

6-80

13*9

13*9

14*0

14*1 14*2

14*2

14*4

14*4

14*6

14*9

14*7

14*0

13*1

11*4

11*1

7-80

13*1

13*1

13*1

13*1 13*1

13*0

13*1

12*9

13*0

13*0

12*6

11*6

10*4

8*67*4

5*8

0*5

8-80

12*8

12*8

12*8

12*8 12*7

12*7

12*7

12*5

12*5

12*5

12*1

11*2

10*1

8*67*7

6*7

4*5

9-80

12*8

12*8

12*8

12* t
t

12*8

12*7

12*7

12*6

12*6

12*6

12*2

11*4

10*6

9*4

8*8

8*3

7*3

10*9

13*3

2-79

3-79

4-79

5-7 9

6-79

7-79

8-79

9-79

10-79

11-79

12-79

1-80

2-80

3-80

4-80

5-80

6-80

7-8 0

8-80

15*0

223*4

15*2

15*3

225*6

15*8

227*9

FOR

URBAN WA6E

EARNERS

AMO CLERICAL

234*0

18*6

16*4

INITIAL
♦CPI-W

230*7

237*2
240*5

1 8 *0
15*0

242*8

12*1

244*9
247*1

11*3

247*2
248*9

8*6

MONTH

WORKERS
PREPAREO BY FEOERAL RESERVE
O C T O B E R 24, 1980

PRODUCER

PRICE INOEX, FINISHED G O O O S
COMPOUNDED ANNUAL RATES

TERMINAL

- SEASONALLY
OF CH A N G E

BANK

OF

4-79

3-79

5-79

6-79

7-79

8-79

9-79

10-79

11-79

12-79

ST*

1967
1-80

2-80

3-80

4-80

5-80

6—8 0

7-80

12*2
11*2

10*2

5-79

9*4

8*0

6-79

8*9

7*9

6*7

7*6

7-79

10*1

9*6

9*4

11*2

15*0

8-79

10*8

10*5

10*6

12*2

14*6

14*2

100

2ÌÌ7T
5*8

212*1
213*4
“2 1 5 7 9 “
"
218*3

9-79

11*9

11*9

12*2

13*9

16*1

16*6

19*1

10-79

12*2

12*2

12*5

13*9

15*5

15*7

16*4

13*8

2 2 1 *4
223*9

11-79

12*5

12*6

12*9

14*1

15*5

15*6

16*1

14*6

15*5

12-79

12*3

12*3

12*6

13*6

14*7

14*6

14*7

13*3

13*0

10*5

1-80

13*1

13*2

13*5

14*5

15*6

15*7

16*0

15*2

15*7

15*8

21*3

2-60

13*5

13*7

14*0

15*0

15*9

16*1

16*4

15*8

16*4

16*7

19*8

18*5

3—BO

13*9

14*0

14*4

15*3

16*2

16*3

16*6

16*2

16*7

17*0

19*3

16*3

16*2

15*3

15*3

15*5

15*0

15*2

15*1

16*3

14*7

12*9

4-BO

13*5

13*5

5-BO

12*8

6-80

12*4
12*9

*

8-80
209*4

3-79
4-79

7-BO

LOUIS

ADJUSTED

INITIAL MONTH
2-79

251*5

226*6
228*5
232*2
235*5
238*8
240*3

7*8

13*8

14*6

12*8

13*0

13*6

14*2

14*1

14*1

13*5

13*4

13*1

13*6

11*8

9*7

5*7

3*6

12*4

12*5

13*1

13*5

13*4

13*3

12*7

12*6

12*2

12*4

10*8

8*9

6*0

5*1

6*7

14*1

14*1

13*6

13*6

1Ì.4

14*2

22*3

13*0

13*2

13*7

14*2

13*8

12*6

11*5

9*9

10*5

241 *0
242*3
246*4

8-80

~Ti*i

13*4

13*6

14*1

14*6

14*6

14*6

14*2

Ì4.Ì

l4*l

Ì4.6

ii*7

T2*"9

11*8

12*9

16*2

21*2

20*2

*-60

“ 2.5
T

"TÌ7*

12*6

13*1

1**4

13*3

1J*2~" 1 2 * 8

12 * r

12*4

12*6

11*6

10*6

9*4

9*8

1 1*4

13*0

8*6

2-79

3-79

4-79

5-79

6-79

7-79

8-79

9-79

10-79

11-79

12-79

1-80

2-80

3-80

4-80

5-80

6-80

7-80




250*2
— 1 *9~

249*8

8-80

INITIAL MONTH

P R E P A R E D BY F E D E R A L R E S E R V E
OCTOBER 3 , 1980

4

BANK OF ST *

L O U IS




RATI O

PRICES

S CAL E

1967-100
260

19 7 2

RATI O

19 7 3

197 4

1975

1976

197 7

S CAL E

1967-100
260

S E A S O N A L LY A D JU S T E D

1978

1979

19 8 0

O P r i- U FOR ALL URBAN CONSUMERS
(2.CPI-* FOR URBAN f ACE EARNERS ANO CLERICAL WORKERS
PEACENTACES ARE ANNUAL RATES OF CHANCE FOR PERIOO S
LATEST DATA PLOTTED,

RATIO

S CA L E

INOICATED.

SEPTEMBER

P R ODUCE R

1967-100

S E A S O N A L LY

PRICES
A D JU S TE D

RATIO

SC A L E

1967-100

PERCENTACES ARE ANNUAL RATES OF CHANCE FOR PERIOO S INOICATED.
LATEST DATA PLOTTED:

SEPTEMBER

PREPARED BY FEDERAL RESERVE BA K O ST. LOUIS
N F

5

PRODUCER

PRICE

INDEX, F INISHED CONSUMER FOODS - SEASONALLY ADJUSTED
COMPOUNDED ANNUAL RATES OF CHANGE

TERMINAL

1967 * 100

INITIAL MONTH
2-79

3-79 ~

3-79

4-79

5-79

6-79

7-79

8-79

9-79

10-79

11-79

12-79

1-80

2-60

3-80

5— 8 0

4-80

6-80

7-80

8-80

16.1

226.7

4-7 V

5.2

-4.7

5—T9

-0.7

-8.2

-11.6
- T T . 4~ - 1 1 . y

225.6
223.5

6-79

— 3.4

-9.2

7-79

— 1.2

^571

e-79

2.1

-0.5

0.5

4.9

14.0

19.9

9-79

4.2

2*3

3.8

8.0

15.3

18.8

17.7

— 5 .2 ~ — 1 * 9 ~

¿¿1.3
¿74

222.8
226.2
229.3

10-79

3.3

1.8

2.9

6» 1

11.0

11.8

7.9

— 1.0

11-79

5.8

4.5

5.9

9.1

13.7

15.1

13.5

11.5

25.6

12-79

5.5

4.4

5.6

8.3

11.9

12.6

10.8

6.6

13.8

3.1

1-BO

4.0

2.8

3.7

5.8

8.4

8 .4

6.3

3.6

5.2

-3.6

2-80

3.2

2.1

2.8

4.5

6.6

6.4

4.3

1.8

2.5

-4.2

-7.7

-5.1

3-BO

3.9

3.0

3.7

5.3

7.4

7.2

5.5

3.6

4.6

-0.1

-1.2

3.7

4-80

1.1

0.1

0.5

1.7

3.0

2.5

0.5

-1.8

-1.9

-6.7

-6.9

-8.5

3-80

1.1

0.1

0.5

1.6

2.8

2.3

0.5

-1.5

-1.6

-5.5

-7.1

-6.3

-6.7 -15.4

6-60

1.6

0.7

1.1

2.1

3.3

2.9

1.3

-0.3

-0.3

-3.5

—4.6

-3.4

-3.0

229.1
233.5
234.1
232.0

-10.2

¿31.0 "
233.4

13.2

226.9

-10.2 -28.7

-778“

227.0

0.5
479

9.4

228.7

7-60

4.2

3.5

4.1

5.3

6.7

6.6

*.4

4.3

4.9

2.4

4.7

6.8

$.2

19.8

30.8

56.5

8-BO

7.0

6.5

7.3

8. 6

10.2

10.4

9.6

8.9

9.9

8.3

9.6

12.0

15.2

15.6

30.4

42.2

62.2

66.1

9-80

6*5

6.0

6.7

7.9

9.3

9.4

8.6

7.9

8.7

7.2

7.6

10.1

12.5

12.4

23.1

"29.5 ~ 3 6 . 9

26.1

-2.4

2-79

3-79

4-79

5-79

6-79

7-79

8-79

9-79

10-79

11-79

12-79

1-80

2-80

3-80

4-80

6-80

7-60

8-60

6-80

7-60

8-60

5-80

237.4
247.9
247.4

INITIAL MONTH

PROOUCER

P R I C f c INOfcX* F I M I S H E O G O O D S » E X C L U D I N G F O O O S - S E A S O N A L L Y
COMPOUNDED ANNUAL RATES OF CHANGE

AOJUSTEO
1967 * 100

INITIAL MONTH

TERMINAL
MONTH
2-79

3-79

4-79

5-79

6-79

7-79

8-79

9-79

10-79

11-79 12-79

1-60

2-80

3-60

4-60

5-60

202.0

3-79

11.3

4-79

13.3

15.2

5-79

13.2

14.1

13.0

6— 79

13.4

14.2

13.6

14.2

7-79

14.2

14.9

14.9

15.8

17.3

B— 79

13.9

14.5

14.3

14.7

14.9

12.6

9-79

14.7

15.3

15.3

15.9

16.4

16.0

204.4
206.5
206.8
211.6
213.7

•

216.9

19.5

220.1

10-79

15.3

15.8

16.0

16.5

17.1

17.1

19.4

19.2

11-79

14.9

15.4

15.4

15.8

16.1

15.8

16.9

15.6

12.1

12-79

14.8

15.2

15.2

15.5

15.7

15.4

16.1

15.0

12.9

222.2
224.6

13.8

230.0

1-60

16.3

16.9

17.0

17.5

18.0

18.1

19.3

19.2

19.2

23.0

33.0

2-60

17.2

17.7

18.0

18.5

19.1

19.3

20.5

20.7

21.1

24.3

29.9

26.8

3-60

17.4

17.9

16.2

18.7

19.2

19.4

20.4

20.6

20.9

23.2

26.5

23.4

20.1

4-60

17.6

18.1

16.4

IB.9

19.4

19.6

20.5

20.6

20.9

22.7

25.1

22.6

20.5

20.9

5-60

16.6

17.2

17.3

17.7

18.0

18.1

18.7

18.6

18.5

19.6

20.8

17.9

15.1

12.7

5.1

6-60

16.0

16.4

16.4

16.7

16.9

16.9

17.3

17.1

16.8

17.5

18.1

15.3

12.6

10.3

5.3

16.5

16.6

16.6

17.0

16.7

16.4

17.0

17.5

15.0

1 2 .8

11.1

8.0

234.6
236.2
242.0
243.0
5. 6

_____

244.1
13.6

246.7

7-60

15.9

6-80

15.5

15.7

15.7

15.9

16.1

16.0

16.2

15.9

15.6

16.0

16.3

14.1

12.1

10.6

8.1

9.2

11.0

8.6

9-60

14.5

14.7

14.7

14.8

14.8

14.6

14.8

14.4

14.0

14.1

14.2

12.0

10.1

8.5

6.2

6.4

6.7

3.5

-1.4

2-79

3-79

4-79

5-79

6-79

7-79

8-79

9-79

10-79

11-79

12-79

1-80

2-60

3-80

4-80

5-60

6-80

7-60

8-60

16.2




16.2

INITIAL

248.1

MONTH

PREPARED BY FEOERAL RESERVE
O C T O B E R 3# 1 9 8 0

6

246.4

BANK

Of ST.

LOUIS

INDUSTRIAL
RATIO

PRODUCTION

SCALE

RATIO

1967-100

SEASONALLY

ADJUSTED

SCALE

1967-100

PERCENTAGES ARE ANNUAL RATES OF CHAN6E FOR PERIOOS INOICATED.
LATEST OATA PLOTTED: SEPTEMBER PRELIMINARY
PREPARED BY FEDERAL RESERVE BANK OF ST. LOUIS

INDUSTRIAL PRODUCTION
COMPOUNDED ANNUAL RATES OF CHANGE
TERMINAL
MONTH

_____ ______ ________________________________IN IT IA L MONTH_____________ _

4-79
5 -79

3 -7 9

4 -79

5 -7 9

6-79

7—79

8 -7 9

l i

2 -7 9
3“ 79

10-79 11-79 12-79

1-80

2-BO

_________________ _____________________ 1967 « 100
3-80

4-8 0

5-80
153.5

8 .2

151.1

- 5 . 4 -1 7 .2

152.7

0 .5

-3 .1

13.5

6 -79

1*0

-1 .3

7 .8

2 .4

7 -79

0 .8

—1 .0

5.1

1 .2

0 .0

8—79

-0 .5

-2 .2

2 .0

-1 * 6

-3 .5

-6 .8

9-7 9

0 .2

-1 .0

2 .6

0 .0

—0 .8

-1 .2

153.0
153.0
152.1
152.7

4 .8

152.7

10-79

0 .2

-0 .9

2 .1

0 .0

-0 .6

-0 .8

2 .4

0 .0

11-79

-0 .2

-1 .2

1 .4

-0 .5

-1 .1

-1 .4

0 .5

-1 .6

-3 .1

12-79

0 .0

-0 .9

1 .4

-0 .2

-0 .7

-0 .8

0 .8

-0 .5

-0 .8

152.3
152.5

1.6

152.7

1—80

0 .1

-0 .6

1.4

0 .0

-0 .3

-0 .4

0 .9

0 .0

0 .0

1.6

1.6

2-BO

0 .1

-0 .6

1.2

-0 .1

-0 .4

-0 .4

0 .7

-0 . 2

-0 .2

0.8

0 .4

-0 .8

3-BO

-0 .2

-0 .9

0 .7

-0 .5

-0 .8

-0 .9

0 .0

-0 .8

-0 .9

-0 .4

-1 .0

-2 .3

4-BO

-2 .4

-3 .1

-1 .9

-3 .1

-3 .7

-4 .1

-3 .7

-4 .9

-5 .7

-6 .2

- 8 . 0 -1 1 .0 —15.8 -2 6 .2

152.6
152.1

-3 .9

146.3

5-BO

-4 .5

-5 .3

-4 .3

-5 .7

—6 .4

-7 .0

-7 .0

—8 .4

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

144.0

6 -80

-5 .5

-6 .3

-5 .5

-6 .8

-7 .5

-8 .2

-8 .3

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

141.5

7-BO

-5 .8

—6 .6

-7 .1

-7 .8

—8 .4

-6 .6

- 9 . 8 -1 0 .8 -1 1 .8 -1 3 .5 -1 5 .8 -1 8 .5 -2 1 .9 -2 0 .3 -1 5 .2 -1 1 .2

140.1

8 -80

-5 .1

-5 .8

-5 .1

-6 .2

—6 .8

-7 .3

-7 .3

-B .3

-9 .1

-9 .8 -1 1 .1 -1 2 .8 —14.6 -1 6 .6 -1 4 .1

9-B0

-4 .2

-4 .9

-4 . 1

-5 .1

-5 .6

-6 .0

-5 .9

-6 .7

-7 .3

-7 .7

-8 .7

'T = r < r 4 - W

5 -79

6 -W

r -7 9

8*t9 ~ ^ T 9 Ï5 -7 * I I - f 9

l* -* 9

J-T 9




-5 .9

—6 .1

-2 .1

8 .0

- 9 . 9 -1 1 .2 -1 2 .3

-9 .3

-3 .3

2 .6

10.3

12.6

3-8Ô

4 -8 0

5-BO

6 -8 0

7-80

8-BO

l'-èò

2 -W

141.OP
142.4P

IN IT IA L MONfH

P A É P a R É O feV « Ù t R A L
O C T O B E R 16» 1 9 8 0

7

RE&RVë

BANK ÔF

ST.

LOUlS

PERSONAL
RATIO

SCALE

TRILLIONS

MONTHLY

OF

DOLLARS

TOTALS

INCOME
AT

SEASONALLY

ANNUAL

RATIO

RATES

TRILLIONS

ADJUSTED

OF

SCALE

DOLLARS

?. 2

" . 1
? .0
.9
.8

.7
.6

.5
.4
.3
. 2

1

.0

). 9

). 8

1972

1973

1974

1975

1976

1977

1978

1979

1980

SOURCE: U .S. DEPARTMENT OF COMMERCE
PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS I NO ICATED.
LATEST DATA PLOTTED: SEPTEMBER PRELIMINARY
PREPARED BY FEDERAL RESERVE BANK OF S . LOUIS

PERSONAL INCOME
C OMPOU N O E O ANNUAL RATES Of CHANGE
T E R M I N A L _______________ ________________________________________________________I N I T I A L M O N T H
MONTH
4-79
3-79
2-79
5-79
6-79
7-79
8-79
9-79 10-79 11-79 12-79
3-79

14.3

4-79

9.9
9.0

6.4

1-80

2-80

3-80

4-80

5-60

6-80

7-80

8-BO

5.7

5-79

B I LLIONS OP
DOLLARS
ANNUAL RATfS

1*872.1
1*880.7
7.2

1*891.6

6-79

9.0

7.2

8.0

8.9

7-79

10.9

10.1

11.6

13.9

19.2

8-79

10.5

9.8

10.9

12.1

13.6

8.6

9-79

10.3

9.6

10.4

11.3

12.1

8.6

1*905.1
1*933.2
1*946.5
1*960.1

8.7

10-79

10.7

10.2

11.0

11.7

12*5

10.3

11.2

13.7

11-79

11.2

10.9

11.6

12.4

13.1

11.6

12.7

14.7

15.8

12-79

11.6

11.3

12.0

12.7

13.4

12.2

13.1

14.7

15.1

1*981.2
2*005.5
2*028.3

11.5

11.3

11.9

12.5

13.1

12.1

12.8

13.8

13.9

12.9

11.3

11.0

10.7

11.3

11.7

12.1

11.1

11.5

12.1

11.7

10.4

8.4

5.5

3-BO

10.9

10.6

11.0

11.4

11.7

11.1

11.5

11.1

10.0

8.5

7.1

8.7

4 —60

10.1

9.8

10.2

10.4

10.6

9.7

9.8

10.0

9.4

8.1

6.6

5.1

4.9

CD

1-60
2 —BO

o
•

14.5

2*046.5
2*055.7
2*070.0
2*072.0

1.2

5-80

9.7

9.4

9.7

9.9

10.0

9.1

9.2

9.2

8.6

7.5

6.1

4.8

4.6

2.6

4.1

6-80

9.5

9.2

9.5

9.7

9.7

8.9

8.9

9.0

8.4

7.4

6.2

5.2

5.1

4.0

5.4

6.8

7-80

10.2

9.9

10.2

10.5

10.6

9.9

10.0

10.1

9.7

9.0

8.2

7.7

8.2

8.1

10.5

13.8

21.2
9.1

2*079.0
2*090.4
2*124.2

8-80

10.1

9.9

10.2

10.4

10.5

9.8

9.9

10.0

9.7

9.0

8.4

7.9

8.3

8.3

10.1

12.2

15.0

9-80

10.2

10.0

10.2

10.4

10.5

10.0

10.1

10.2

9.9

9.3

8.7

8.4

8.8

8.8

10.4

12.1

13.9

10.4

11.7

2-79

""3-79

4-79

5-79

6-79

7-79

8-79

9-79

10-79 T l - 7 9

12-79

1— 8 0

2-80

3*80

4-80

5-80

6-80

7-80

8-80

2*139.7
2 * 159.5H

----------------------------------------------------------------------------------- I N I T I A L M O N T H ----------------- -------------------------------------------------------------------

T- PRELIMINARY------------------------------------------ ----




OCTOBER0 ! ^ !

8

1 9 8 0 *^

eANK

RETAIL
RATIO

SALES

SCALE

B I L L IONS

1 97 2

OF

RATIO
DOLLARS

1 97 3

SEASONALLY

1974

1 975

BILLIONS

ADJUSTED

1976

1977

1978

SOURCE: U .S .

OF

1979

SCALE

DOLLARS

1980

DEPARTMENT OF COMMERCE

PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED.
LATEST DATA PLOTTED: AUGUST, SEPTEMBER ADVANCE ESTIMATE
PREPARED BY FEDERAL RESERVE BANK OF S ' .

RETAIL

INITIAL

TÈRM IN A L
_2-79 _

4 - 79

5-7 9

6 - 79

7-79

8-79

9-79

10-79

LOUIS

SALES

MONTH

11-79

12-79

M itm a s m
DOLLARS
1-60

2-80

3-^0

4-80

5-80

6 - 8 0 _ 7-80

q-flO
72.045

_4 -7 S
. 5- 7 9

2.9

71.606

-7*1

7 2 *292

_ i * S ____ 2 * J___ 12*1
0 * 3 ___ 4 * 2

-6-79

72.093

-3*3

7 3 ,1 1 1

-8-79___ 10*4___2*1- 14*3__1S*1

2£*S__32.*ü

74t671
76.666
7 5 t563

-11-79____2*4___2*2__L U A __11,7

lAtO__14*2___4.5

-1.9. 1A«1_

7frt421
77*150

1 - 6 0 ____ 1 2 * 4 ___1 2 * 5 ___1 A * 9 ___1 5 * 2
- Z r & Q _____ 2 * 4 ____9 * 0

10*6

10.7

16.2
12.5

79x444
11*7

6 .7 - 2Q.1,
3*6

-0*3

I t i

Q.3

- 1 * 7 ____ 3 * û _ — 9 i A ---- -------- I a A ____ 2 * 4

-0«?

A * JL

-SrflO-

0*4

-3.7.

rlȣ

-4*4

-4.Q

-.2*2___ - 4 . 7 _

-1.2

4 . 4 ___ 5 x 2 ____ 4 * 1 ____ 5 . 4

__6t 4 Q _

3*0

jy « L

4*9 ____ 6 * 4

,-8-so

6*9

6.5

7 * 4 ____ 1 * 1 ____ 1 jl2 ____ 1 * 1 ____

7 .6

7 .3

6 .2

2-79

3-79

4 -7 9

0*8

-0.9

5 -7 9

6-79

7-7 9

6 -7 9

4 .4

6 .4

- 1 7 . 3 - 1 6 .4 - 1 4 . 3
-3.0 - l O tl-

5 .7

-2.9

3.1

- 1 . 5 ____ 2_tfi____ 7 t l

5 .0

1 .1

9-79 10-79 11-79 12-79

1-80

IN IT IA L

7 4 .567

- 6 . 6.

76.001

,4*2

2.5

____ L a ____ 4 * i _
6 .3

75.011

rfl*X - 2 0 . 4 - 2 0 « ? - 2 1 . 4

_4*S_
_

7 . 9 ____ ft*7____ 8 . 0

1 1 *9 9 3
76.534

-3*2 -20.2 -20.3

0.9

7.0

4 .5 ____ 9 t 3

2-60

3-80

16.6

33.7

76.267

42.7

___ 7 6 . 7 4 1

l ? t 8 . -2.4.3

2 3 t ? ----

1 4 tf t- .2 3 t S .

2 2 .2

1 4 .0

¿1 *0 .

4 -8 0

6 -8 0

7-80

8-6 0

5-80

6 0 .Q 2 1

NONTH

P - P R E L IM IN A R Y
- E r - E ST IH A T C P




PREPA REO 6Y FED ERA L R E S E R V E 6ANK OF S T * L O U IS
0CT06ER 1 0 . I9 6 0

9

HOURLY COMPENSATION» P R IV A T E B U S IN E S S SECTOR
COMPOUNDED ANNUAL R A Ÿ E S 0 ^ CHANGE

TERMINAL
.JUMftJlft
“1^76

1967 » 100

INI7IAL QUARTER
4-75

1-76

2-76

3—76

4-76

1-77

2-77

3-77

4-77

1-78

2-78

3-78

4-76

1-79

2-Y9

3-79

4-79 “
ì—80

2—60

To".5

191.5

T-76*

9.8

9.1

3-76

9.3

6.7

8.4

4-76

~ 9 a T ~8.9

8V T

1-77

'"9To~ ~ T . 6 ~

2-77

195.7

8.5

7.9

7.8

7a

6.3

V¡0

7.6

7.4

8#6

7.6 “ 7.2

7.0

7.3

6.1

8.2

8.1

8*0

8.0

6.5

6.5

11#0

é.r ~ 8 . r

6.1

8.5"

8.2" ~ 8 â

1-78

8.5

204.1

8.5

6.1

~ 4 —77 " " 8 . T

199.7

~9a~

7.9

6.5

~3-77~

-

'7.9 "
6.3

______

206^
21Ï.2
215.6
216.6
224.6

2-78

'M

7.9

7.9

6.3

8.2

9.3

t.t

3-78

8.5

8.3” V a “" V a “ 8.0
*

6.1

6.4

6*4

9.2

6.3

6.8

4-78

8.5

aa

6.4

6*4

9*0

oa

8.6

Η 7 9 ~

8.7 ' 8 .5

8.8

8.8

9.4

"1-79

8.7

8.6"

8.2

8.1

6.1

8Í5 “ 8*5

8.4

8.5

8.2

8.6~

8.6 ~ 8 . 5 ~ ~ 6 . 6 ~
8.6

226^
233.7
236.6

8.3

“ o “' 9 i 4 " 9.7
ñ

6^9" ~ 8 . 9 ~ " 9^4"

9.r

"9.4

3-79

8.7

6.6

6.6

6.5

8.6

6.9

6.9

9.3

9.0

9.3

4-79

8.6

i¡r

• T

6*4

6.5

6.7

•♦7

9.1

6«6

“. T ' 6.7
8

9.4

1-6Ö "

M

8.7

••7

6.0

~9¿0"

972

2-60

9.0

6.9

6.9

6.9

6.9

9.0

9.2

9.3

9#6

9*5

9.7

3 H B Ö ” 9.0

8.9

"¿♦9

~B¿9

8.9

9.0

9.2

9.2

9.5

“a
9

_________ 4-T»

1-76

¿>7»

3-76

4-76

1-77

2-77

3-77

4-77

1-76

-

initial

255.7

6.7

9.1
'8.5

fa

774

ÌT.I

260.3

9.7

3-76

9.3

9¿5

li#7

9.6

9.9

10.3

11.9

12.0

9.8 ""~9#6~ “9.6

"976

9.3

10.1

9.6

2-76

250.4

9*r

9.8

9^0 " ~9ÏÔ
9 7 4 “ 9.9

___________

244.6

ììa

“
9.6" ÍÓ«3

976

1076

10.1

6a

3-79

4-79

1-60

2-60

4-76

1-79

2-79

267.6
275.3
280.6P

QUARTER

P - PRELIMINARY

OUTPUT PER HOUR O F A L L PERSON S» PRIVATE BUSINESS SECTOR
£ ö ä p £ K M Ö I^ Ä liM M t7 R A T E ^ Ô P CHANGÉ

TI r h INAL

“ T f m W Ä R m 1967 • 100
O

QUARTER

4-75

T

TTT

r i

”
~2—76
3-76
“W ò'
1-7Ï

2-76

4-76

W 7

2-77

3-77

6-77

1-76

4^4 U 6 “
3*6

2-7B

3-7B

l-t9

¿-79

U7

r#6

3.4

y*6

17*

2¿3

—

j- j

1 *0

118.7
-2*3

2 .2

2 *2

¿ ¿

^

5 ,5

1*5

1.5

1.4

1.4

Ö.3

1.7

IPfé

UB

Ta

HÔ

0Í9

ÔTF^af

0 .6

2 -7 8

iV é

Í. 2

1 .2

UÙ

U8 y*3‘

fa

1

“ T C K f f “’

2V I

1 1 *« 6

-2¿0 119.0
-I.B

Ï. Ô

O73‘ ^ .9 ~ « ^ 0 7 6

Tú”

Í.T

0.6

l7 ¿

4-7B

UÎ

u T

I¡2

la

UÔ

0.5

1.3

Ô.B

~0.8

0.6

0.6* " 0.1

"Ö a

-1.7
Ö72

1Í 8 .5

~ 2 Í0

Ö.8

Ü 9 á

2ÍÓ ”

2*0

Î1 9 .7

1^

1—79

Ö.4

~~2-79

Í.1 0.6

Ö . 5 ~ 0.4

<>.3 To.I

ÔÂ9 ( M

M

oa

^oa

oa

~Ö.6~ 0.4

0.3

T a

-0.3

0.2
0.2

Ôa

-0.6

-0.6

M

M "

073"

2-BO

0*6

Ôa

Ôa

-0.0

-0.1

0.2

O.Ï

-Ô.0

-6.3 ^ Ô * 2 ~

3-76

6-76

1-77

5Ö 0*6

*0.2

_________ 4-75

1-76

2-76

-Ï.6

-0.3

-Ô.l"

2-77

^ . r H)75

-073

- Ô . 7 ~ -Ï.I

-2.2

-l.B

-Ö.7

-0.5 -0*3

h

-0.9

-0.5 7 ^ 7 6

-1.4

^7Ï

Ö.3

^.4

H>.6
-Ö.B

Öä~*~-ä.lf~* «KUl

Ï-BCT

0.~7

-CÜ4

Ô.Ï

3-79

1

Ì-«O W

ll** 4
4Í5"~

2*2

~4-79~

4-t?

2a
T .7

4-77

3-78 "

J-f*

***•*

1>7I I #6

2#8

6-7B

***• #

—

T-7 \

3-76

-671

H>.7

W5*

U2

-1.6~ 7 ¿ #5

-U7

-1»0

- 2 . Ö 116.3
117.6"'

—ÖTB^ — í*3

-Ô.7

-0.2

— Ï.8

-Ì.3 ”
-ï#Ô

Ó.Ò

-0*3 117.7
117.7

-0*9

4-77

-0#6

-1.0

-1.4

-1.7

-1.4

-1.3

-lâ

-1*5

-3. Ó 1Ï6.8

-0.6 "-Ô.5
3-77

-0.7
-0.4

-0.7

-170

-1.2

-0.9

-0.7

-Ô.4

-0*5

-0.7

1.7U W P

1-76

3-7B

2-7B

4-76

1-79

2-79

>-79

6-79

1-80

2-60

INITIAL QUARTER
P- P R f U « f * à S r -

-----

________________________________________________________________________________ ________________________________ PREPA REO ^BV F ED ER A L R E S E R V E SANK OP S T . L O U IS




0.3 ~IÍ9ÍB

^ 7 2 ~ " ^ T 7 3 ~ ^ 7 Ö 118.9

10

PRO D U C I IV I I Y ,
RATIO

C O M P E N S A T IO N ,

AND

LA BO R

SCALF

COSTS

RATIO

1967-100

S CALf c

SEASONALLY AOJUSTED

1967-100

SOURCE:
PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIO DS
I.ATEST DATA PIO TT E O :

'* S. DEPARTMENT OF LABOR

INOICATEO

3RD OUARTER PR ELIM IN AR Y
PREPAREO BY FEOER A l RESERVE BANK OF :

LOU I!

U N I T L A B O R C O S T S» P R I V A T E B U S I N E S S S E C T O R
COMPÓUNÓEO ANNUAL RATÉS OF'CHANGE
TERMINAL

INITIAL QUARTER
1-76

4-75

2-76

3-76

4-76

1-77

2-77

3-77

4-77

1-78

1967 «

2-78

3-7B

4-78

1-79

2-79

3-79

4-79

1-80

100

2-BO

2*7

16 5.1

2-76

5*2

168.2

3-76

5*5

6.9

6.1

4-76

6*0

Til

~6Vë

7.5
5*5

i— 7 6

7.7

170*7
173.8
175*3

1-77

5*5

6.2

5.7

3*5

2-77

6*0

6.6

6*4

6*5

6.0

3-77

5*~5~

6.0

5.7

5.6

4*9 ~ 5^7

4-77

5.9

6.4

6#î

6.1

5.8

6.6

1-78

6*6

7.1

7.0

7.2

7.1

8.0

7.9

"2-78'

6Ì5

7.0

6.9

7;ô

6.9

7.6

3-78

6.3

6.9

6*8

6.9

6.9

7*4

7.0

7.1

7.0

7.5

7.4

178*9

8.5

180.2
183.9“

8.5

189*4

10.5

12.5

~7.~4

8.9

9.Ï

5*8

7.2

8.3

8.3

6.2

6*6

8.2

6.8

7*3

8.3

192*1
195*2
8.0

199*0

6.7

7.0

l-79~

7.3

7.6

7.6

7.8

7.8

8.4

8.4

9.3

9.5

8.7

9*7

11.3

14.6

l-79~

“7 . 6

8.0

8.0

8.1

8.2

8.7

8.8

9.6

9.8

9.3

10*2

11.4

13.2

11*8

7.8

e.i

8.2

8.3

8.4

8.9

9.0

9 . 7 ”~9v9 "

9.5

10.2

11.2

12.2

11*1

9*8

10*5

4-78

3-79

7.B

8.1

8.1

"I^èô-

8.0

8.3

8.4

2-BO

8.4

8.7

8.8

— 3-8Ô

8 .3

8*6

8.7

4-75

1-76

2-76

4-79

8.3

8.4

8.8

8.8

8.6

8.6

9.1

9.1

9.8

9*9

9.6

10*1

9.0

9.1

9*5

9*6

10.2

10*4

10.2

10*7

8.8

8.9

9.3

9.4

9.9

10*1

9.8

10.3

3-76

4-76

1-77

2-77

3-77

4-77

1 — 78

2-78

9.5

9*6

9.2

2Ô5.9
211*7
10*4
9*1

21 >*0
7.6

221.1

11*1

1Ô.Ô

10*7

11*3

10*5

ÎÔ*1

9.9

12*1

11*3

11*9

11*4

11*3

11*6

13*5

15*0

10.8

11*2

10*6

10*4

10.4

11*2

10*8

6.8

3-78

4 — 78

1-79

2-79

3-79

4-79

l-BO

2-80

227.5
235.6
239.5P

INITIAL QUARTER
P- PRELIMINARY




PRtPAREO BY FEDERAL RESERVE BANK OF ST* LOUIS
Ò C T 5 S fI" 5 7 »
-------------------------------------

1
1

C ROSS NATIONAL PROOUCT IN C U R R E N T D O L L A R S
COMPOUNDED ANNUAL RATES OF CHANGE
TERMINAL
QUARTER'

6 ILLIONS OF
OOLLARS
ANNUAL RATES

INITIAL QUARTER
4-75

1-76

2-76

10*9

7.3

3-76

9*9

7.7

4-76

9.9

2-76

3-76

4-76

1-77

2-77

3-77

4-77

1-78

2-78

3-78

4-76

1-79

2-79

3-79

4-79

1-80

2-60

_JL77*

1»653.7
1*683.1
8.0

1*715.8

_

1*756.1

1-77

11*0

10.1

11*0

12.5

15.4

2-77

11*3

10.6

11*5

12*6

14*1

12*6

3-77

11*4

10.9

11.6

12.5

13.5

12.5

12.1

4—77

11*1

10.6

11*1

11*7

12.3

11.2

10.4

8.7

1-76

lo.e

10.3

10.7

11*2

11*5

10.5

9.7

6.5

8.4

2-78

11*6

11*3

11*8

12*4

1 2 «6

12.3

12.2

12.2

13.9

19.8

3 — 7B

11*6

11*3

11*7

12.2

12.5

12.1

11*9

1 1 #9

12.9

15.3

11*0

4 — 78

11*8

11.6

12.0

12*5

12.6

12.5

12.4

12.4

13.4

15.1

12.6

1*820.2
1*676.0
1*930.5
1*971.3
2*011^
2*104.2
2*159.6
14.6

2*235.2

1-79

11.7

11.5

11.9

12*3

12*6

12.2

12.1

12a

12*6

14.0

12*1

12*6

10.6

2-79

11*4

11.1

11*4

11.8

12.0

11.6

11.4

11*3

11*6

12.5

10.7

10.6

6.6

3-79

11*4

11*2

11.5

11*6

12*0

11*6

11 «5

11.4

11*6

12.4

11.0

11*0

9.7

9*3

12.0

4-79

11*4

11*1

11.4

11.7

11.6

11*5

11.4

11*3

11*4

12*1

10*9

10.9

9.9

9.7

11*2

10.3

I— 8 0

11.3

11*1

11 * 4

11*6

11*6

11*5

11*3

11.3

11*5

12*0

10*9

10.9

10.1

10*0

11.1

10.6

10.8

2-60

10.7

10.4

10.6

10*6

10*9

10.5

10.4

10.2

10.3

10.6

9.5

9.3

6.4

7.9

6.2

7mO

5.3

o a

3-60

10.6

10.4

10.6

10.6

10.8

10.5

10.3

10.2

10*3

10.5

9.5

9.4

8.6

6.3

6.6

7.8

6.9

5.0

4-75

1— 7 6

2-74

3—74

4-74

1-77

2— 77

1=77

4-77

1-76

T-78

3-78

4— 78

1-79

2-79

3 —7 9 4 —79

1-80

2*292.1
2*329.8

6.7

2*396.5
2*456.9
2*520.6
2*521.3
10.2

2*563.0P

INITIAL QUARTER
-

G R O S S N A T I O N A L P R O O U C T IN 1 9 7 2 O O L L A R S
9
COMPOUNDED ANNUAL RATES 1 F CHANGE
TERMINAL
QUARTER

BILLIONS OF
OOLLARS
ANNUAL RATES

INITIAL QUARTER
4-75

1-76

2-76

3-76

4-76

1-77

2-77

3-77

4-77

1-76

2-78

3-76

4-78

1-79

2-79

3-79

4-79

1-60

2-80
1*239.5

1-76

10.7

2-76

6.5

2.5

1*267.4
1*277.1

3-76

5.4

2.8

3.1

4-76

4.9

3.0

3.3

3.5

1*286.1
1*315.7

1-77

5.7

4.5

5.1

6.1

8.8

2-77

5.5

4.5

5.0

5*7

6*8

4.8

3-77

5*7

4*9

5.4

6.0

6.9

5.9

1*331.2
7.0

1*353.9
1*361.3

4— 77

5.3

4.5

4.9

5.2

5.7

4.6

4.6

1— 7 1

4.9

4.2

4.5

4.7

4.9

4.0

3.7

2*1

1»9

2-78

5.2

4.7

4.9

5.2

5.5

4.6

4.6

4.1

5.0

6.3

3-78

5.1

4.5

4.8

5.0

5.2

4.6

4.5

3*9

4.5

5.9

2*2

1*367.8
1*393.2
i,407.J

3.5

1*426.6

4-78

5*1

4.4

4.6

5.0

5.2

4.7

4.7

4.3

4.8

5.8

4.6

5.6

1-79

4.8

4.3

4.5

4.6

4.8

4.3

4.2

3#7

4.1

4.6

3.4

3.3

1.1

4 ^

3*6

3.9

4.0

4.0

3*5

3*4

2*9

3*0

3*2

1*9

1*4

-0.6

2-79

1*430.6
-2*3

1*422*3
1*433.3

3-79

4.2

3.8

3*9

3*9

4.0

3.5

3.3

2*9

3.0

3*2

2*2

1*6

0.6

0#4

3*1

4-79

4.1

3*6

3*7

3.6

3.6

3*3

3*2

2.8

2*9

3*0

2*1

1.9

1*0

0#9

2.5

2.0

1-BO

3.9

3.5

3.6

3*6

3.6

3.2

3 ^

2*4

2.7

2*6

2.0

1*6

1*0

1*0

2a

1*4

1*2

1*3

0.5

-2.3

-4.4

-9.6

1»440.3
1*444.7

2-60

3.1

2*7

2.7

2.6

2*6

2*1

1*9

1*5

1*4

0.1

-0.6

-1*2

-1.0

3-60

3.0

2.6

2.6

2*5

2.5

2*0

1*6

1*4

1*3

1*3

0.5

0.2

-0.6

-0.9

—0.6

-1.5

-2.6

-4.5

3-76

4-74

1— 7 7 ” 2 - 7 7

3-77

4-77

1-78

¿-76

3-76

4-76

T-79

2-79

3-79

4-79

1*406.6

1-60

4 -75 T - 7 4 — 2-T4"

1.0

1 * 4 1 2 . IP

---- K m FTTI— ?U U I W
P - P R E L IM IN A R Y




P R E P A R E D BY FE D E R A L R E S E R V E BANKTOF S T . L O U IS
OCTOBER 17» m O

12

GROSS N A T I O N A L P R O D U C T
RAT 10 SCALE
QUART ERL Y TOTALS AT ANNUAL R A T E S
RA T I O SCALE
TRI L L I O N S OF DOLLARS
SE AS ONAL LY A DJ U ST ED
T R I L L I O N S OF DOLLARS
2. 7
2
6
2
5
2
4
2
3
2
2
2
I
2
0
2
I .9
1 . 8

I .7
I

. 6

I .5

1 . 8

I .7
I

. 6

I .5
I ,4
I .3
1 . 2

1 .0

0.9
SOURCE:
PERCENTAGES

ARE

LATEST

PLOTTED:




DATA

ANNUAL

RATES

3RD

OF

QUARTER

CHANGE

FOR P E R I O D S

U .S .

D E PA RT M E N T

OF

COMMERCE

IN D IC A T ED .

PR ELIM IN A R Y

PREPARED

1 3

BY

FEDERAL

R ESER V E

BANK

OF

ST.

LO U IS

GENERAL
RATIO

PR ICE

INDEX*

SCALE

1 9 7 2-100
190
185
180
175
170
165
160
155
150

RATIO

,

y
----

----+ 1? O y
y
y

¿S
y

y
r ------

a

S

SCALE

1972-100
190
185
y O
180
> < 8 2 .9 2
y
*- 175
170
165
160
155
150

I 45

145

140

+5

B Z **-

/ ¿

S

'

140

135

135

130

130

125

125

r
* n

1 20

î !/ s

1 20

15

1 15
+ r .r x / V

10

1 10

105

y

y

105

1 00

95

100
*

>

*

95

§

90
*

85

Is

>

§

5

t

t

1972
*A S USED

\
§

t

1973
IN NATIONAL

t

t

1974

1975

1976

t

1977

INCOME ACCOUNTS

1978

SOURCE:

PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR P ER IO D S
LAT EST DATA PLOTTED.

90

\

U .S .

1979

85

1980

DEPARTMENT OF COMMERCE

IND ICATED.

3RD QUARTER P R ELIM IN A R Y
PREPARED BY FEDERAL RESER V E BANK OF ST .

LO U IS

IMPLICIT PRICE DEFLATOR FOR CROSS NATIONAL PROOOCT
C O N P O U N O E P A N N U A L R A T E S O P CH A N C E

TERMINAL
W A im *
1-76

1972 «

INITIAL QUARTER
4-75

1-76

2-76

3-76

4-76

1-77

2-77

3-77

4-77

1-78

2-78

3-78

4-78

1-79

2-79

3-79

4-79

1-60

100

2-80

3*6

2-76

4*1

4*6

3-76

4*3

4.7

4*8

134.35
136^34

*-76

4*8

5*2

5*4

6.1

1-77

5.0

5*4

5*6

6*0

6.0

2-77

5.5

5*6

6*1

6.6

6.8

3-77

5*4

5.1

5.9

6.1

6.2

6.2

4 ^

4-77

5.5

5*8

6.0

6.2

6 a

6*3

5.6

6.4

1-78

5*6

5#s

6*0

6*2

6.2

6.3

9*8

6.4

6*3

2-78

6*1

6*4

6*6

6.8

7.0

1.2

1.0

7.8

8*5

10*7

3 —7»

6*2

6*4

6.6

6.9

1.0

7.2

1.0

7.6

8.0

8*9

7.2

4-70

6*4

6*6

6.6

7.1

7.2

7.4

7.3

7.8

8*2

8*8

7.9

8*7

1-79

6*6

6.9

7.1

7.3

7.4

7.6

1.6

8.1

8«4

9.0

8.4

9.0

9.3

7.8

7.8

8.3

8.6

9.0

8.6

9.1

9.3

9.3

9.0

9 a

8.9

8.5

13804
140.93

7.7

142.59
144.62
147.05
150.62

2-79

6.8

7#0

7.2

7 t5

7.6

3-79

6.9

7.1

7.3

7.6

7.7

7.9

7.9

8.3

8*6

8.9

8.6

153 «45
156.66
160.22
163.61
167.20
170.58

4-79

7.0

7*2

7*4

7.6

7.8

7.9

7.9

8.3

8*5

8.9

6.6

8.8

8.9

8.7

8.4

8 ^

1-00

7*1

7*4

7.6

7.8

7.9

8.0

8*1

8*4

8*6

8.9

8.7

8.9

9.0

8.9

8.8

8.9

9.5

2- e o

7*3

7*6

1.1

8.0

8.1

8.2

8.3

8.6

8.8

9.1

8.9

9.2

9.3

9.3

9.3

9.5

10.1

10.7

3-60

7*4

7*6

1U

8.0

8.2

8*3

8*4

8.7

8.9

9.1

9.0

9.2

9.3

9.2

9.2

9.4

9.8

9.9

9.1

4-75

I-Tf

3-76

4-7*

1-77" 2-77

J-T7

1— 7 8

¿-78

3-78

4-78

1-79

2-79

>-79

4-79

1.-60

¿ - w

M 6

174.48
176.99
1 6 2 .92P

---- « C T W T t "A r r r r w n p f t E L X M D t f jr r




H M M H t B BV F t P B U t HE5EHVE »«HK
OCTOMft !?• 19*0

14

V

ST. LOTTS'

P E R SONAL C O N S U M P T I O N EXPENDITURES IN C U R RENT D O L L A R S
CO M P O U N D E D ANNUAL RATES OF CHANGE

BILLIONS OF
DOLLARS
ANNUAL RATES

INITIAL QUARTER

TE R M I N A L .
QUARTER

4-75

1-76

2-76

3-76

4-76

1-77

2-77

3-77

4-77

1-76

2-76

3-78

4-78

1-79

2-79

3-79 _ 4-79^ 1-BO

2— BO
1*0530

1-76

13.2

2-76

10.5

3-76

10.4

9*1

100

10.6

io*9

11*2

12.0

1-77

U * *

10.9

12.0

l?.9

2-77

10*7

100

10.9

11.1

100

7.5

3—77

10.7

10*3

10.6

10.9

100

9.0

100

1*073.7

7.6

_1»I°_0»5 .
1» 132.0
1*169.1

H O

1*190.5
1*2200
1*259.7

11.4

11*3

io*?

12.0

I***

1—76

10.6

10*5

10.9

H O

100

10.1

11.0

11.2

9^

2-71

11.2

10.9

11*3

llO

llO

10.9

II«#

120

11.7

4-77

10*7

1*267.2
1*3310

14.4

1*3690

3-71

11*2

n*o

110

U O

IIO

11.1

U*®

12*2

IIP

130

!!•?_

4— 76

11.5

11*3

11.7

llO

110

11.5

120

120

12.4

130

13.1

140

1-79

11.5

1 W

II *7

II** „12*1_ 1 2 0

12.2

130

12.5

120

11.4

2-79

11.1

10.9

11*2

H O

11.2

10.9

11.3 -II**. 11.1

n o

10*1. J O O

__BVL

3-79

11*3

11*2

11.5

llO

11.5

llO

n o

11.9

11.7

12.1

11.7

H O

100

100

15.1

4-79

11.5

11«4

11.7

11.6

!!•*

II«*

120

120

12.1

120

11.7

11.7

14.7

140

1-BO

11»6

11*5

II«*

II*’ 11.9

11.7

12.1

120

120

120

120

120

11.9

12.1

14.1

130

2-BO

10.9

100

10.9

H O

10.9

10.7

11.0

11.0

100

H O

10.5

100

9.7

90

100

BO

5.9

-0.7

3-BO

11*1

10.9

11.1

llO

11.1

10.9

llO

llO

11.1

H O

10.9

100

100

100

11.0

100

BO

60

140

4-75

1-74

2-76

3—76

4-74 T - 7 7

i>77

>•77" 4-tT

1-78

2-71

3-76

4-71

l-TP

3-*r9

4-lf

i-aO

2— BO

1*415.4
1*4540
1*475.9

6.1

l*52BO
1*560.4
1*629.5

130

1*6240
l*6B!OP

P- PRELIMINARY

PERSONAL CONSUMPTION EXPENDITURES IN 1*72 OOLLARS
COMPOUNDED ANNUAL RATES OF CHANGE
------------------------------------- -------

TERMINAL___________
4-75

1-76

in c n s is u F —

____________________________ INITIAL QUARTER__________________ ____________________ ________ _ OOLLARS_______
_
2-76

3-76

4-74

1-76

4.0
5.4

40

4-74

5.7

40

50

5.6

50

5.7

40

5.2

40

4.7

4.7

4.0

1— 76

2-78

3-76

4-76

1-79

2-79

3-79

4-79

1-BO

2-00

40

2-77

4-77

60

1-77

3-77

30

3-76

2-77

B.4

2-74

1-77

•070
614.5
4.7

B240
0340
6490
io

093.1
643.7

3-77

5.1

40

40

40

40

30

5.1

4-77

5.5

5.1

50

50

50

50

40

BO

1-76

5.0

40

4.7

4.7

40

30

4.7

4.4

2—7B

5.1

3—78

5.0

4.7

40

40

40

40

40

40

3.7

50

40

4-78

50

40

50

50

40

4.7

5.2

50

40

5.7

50

40

1-79

4.6

40

40

40

40

4.2

4.5

4.4

3.7

40

40

3.7

2-79

4.2

3.9

40

3.9

3.7

30

30

20

1.4

-1.1

—2.9

660.9
662.7

00

6940

30

20

2.9

H M
9200
0.7

9210
9150

3-79

4.3

4.0

4.0

4.0

30

3.5

3.7

3.5

2.9

30

20

20

00

0.9

4.9

4-79

4.3

4.0

40

40

30

30

30

30

3.0

3.4

30

2.7

IO

20

40

1-BO

4.0

30

30

3.7

3.5

30

3.4

3.3

20

30

20

20

IO

IO

3.1

20

2.2

2.2

1.9

IO

1.4

0.9

00

-0.7

-1.0

-0.5

-20

- 5 0 -10.5

2.4

20

20

1.7

IO

IO

0.9

0.1

00

0.6

-0.4

-IO

3-77” 4-77

1-7B

2-76

3-76 ^ = 7 T " 1 = 7 ^ 2-79

3-79

4-Tf T = W T 2 — B O

2-BO

3.2

2.9

20

2.7

2.5

3-BO

3.3

30

30

2.9

20




“
2=7t

3-74" 4-74 "1— 7 7 “
2=77

925.9
40

9350
00

934.5

-3.0

9100
50

9 22O P

I N I T I A L QUARTER

PREPARED BY FEDERAL » S E R V E
O C T O B E R 17» 1 9 B 0

15

BANK OF

ST. LOUIS

CROSS PRIVATE DOMESTIC INVESTMENT IN CURRENT OOLLARS
COMPOUNOED ANNUAL RATES OF CHANGE
B ILLIONS OF
OOLLARS
ANNUAL KATES

INITIAL QUARTER

TERM IH A I.
QÜÄT0T

4-7»

1-76

1-7*
2-?6

40*7
28#4

11*0

3-76

4-76

1-77

2-77

3-77

4-77

1-78

2-76

3-78

4-76__1-79

2-79

3-79

4-79

1-60

2-80

15.2

3-76

2—T6

72*0

233.5
241.9

7*0

24 6 . 0

*r7*

23*9

?*9

_1~I7

29.0

_20*l

21.8 __2?*9

56*5

2-77

29*4

22*2

24*0

30*3

43*2 31*0_______

3-77

_28*4

22.3

23*7

28*3 „36.0 26.8

22.6

4-77

24.7

19*1

19*7

22*5

26*4 17*7

11.6

A *5

1-78

23.4

18*3

18*8

20*9

23*7 16*6

12*2

7 a __13*4

2-78

24*5

20.1

7*4

7*9

20*7 22*6

¿50*7
280.4
3C0.0
315.7
316.9
327.0

25*5

20*0

17*4

15*7

23*6

34*7

_3^78_ ,_22*5. 18*4^ „16 *8 _20*3_ 22*2

17*3

14*7

12*6

16*9

16*7

4*5

352.3

4-78

22*0 16*3

16*6 20*0

21*6

17*3

15*1

13*7

16*9

16*1

10*6

1-79

20*5 17*0

17*1 16*2

19*4

15*5

13*4

11*9

14*1

14*3

6*2

2-79

20*8

17*6

15*9

16*4

356.2

12*2

17*6

3-79

19.1

16*8

16*0

16*0

20*0
16*6

16*5
17*7

14.6
14*4

13.7
12*7

11*5

17.1
10*1
14*9

13*0 9*0 10*1
12*9

370*5

3*6

373.8

13*9
7*9

395.4

25*2
10*1

-3*1

4-79

17*4

14*4

14*4

15*0

15*6

12*5

10*7

9*5

10*5

10*1

6*5

6*9

M

4*6

-4*1

-5*1

1-60

16*3

13*5

13*4

13«9

14*4

11*4

9*6

6*6

9*4

6*9

5*6

5*6

3*7

3*7

-2*6

-2*3

2-60

14*1

11*3

11*1

11*4

11*6

6*6

7*1

5*6

6*2

3 -6 0

1*
18

9 * 1

8

8 * 9

9 * 0

62
*

4 * 5

3* 1

3* 2

3 - 7 6

4 - 7 6

2 - 7 7

3 - 7 7

4 - 7 5

1 -7 6

a

2 -7 6

1 - 7 7

4—77

392*3
367*2
387*7

0*5

366*5
2 * 3

- 1 . 4

1 -7 8

- 3 a

- 5 .0

4 - 7 1

-0 * 8

T - T F

—1 0 .1

2 -7 9

- l i a

3 - 7 9

- 1 3 .9

- 2 0 .4

4 —7 9

1 -6 0

-

22

3 4 6 a P

a

28
-0

In i t i a l Qu a AT e R
P- PRELIMINARY

GROSS PRIVATE OOMESTIC INVESTMENT IN 1 9 7 2 OOLLARS
COMPOUNDED ANNUAL RATES OP CHANGE
TERMINAL

BILLIONS OF
DOLLARS
ANNUAL RATES

INITIAL QUARTER
4 - 7 5

1 -7 6

2 -7 6

3 - 7 6

4 - 7 6

1 -7 7

2 -7 7

3 - 7 7

4 - 7 7

1 -7 8

2 -7 8

3 - 7 8

4-76

1 -7 9

2 -7 9

3-79 4-79

1 -6 0

2 -8 0

169.9

1-76

6 9 * 5

2 -7 6

36*2

9 .5

3 —7 6

2 3 * 3

5 * 1

4 - 7 6

4 .6

1 6 * 0

1 7 3 .6
1 7 4 .2

0 .9

2
.2

1 7 5 .7

3 a

1 2 .4

1 3 * 4

2*
02

3 9 * 7

1 3 ^

1 4 a

19*9

2 9 * 1

3 - 7 7

2*
20
2*
16
2*
06

14a

14 * 9

1 8 * 7

2 4 * 2

4 - 7 7

16*8

1 0 .7

1 0 * 9

1 3 * 0

1 5 a

6 * 5

3*4

1-78

16*3

1 0 .9

1*
11

1 2 * 9

1 4 * 9

9*4

6*3

2
.2

12a

6a

6.6

i4*i

1 - 7 7
2 - 7 7

191.0
19a

199a

1 7 * 1

206.7

1 5 a

203.0

- 7 .0

209.0
216.8

2 -7 8

16*2

13a

1 5 * 0

3 - 7 8

1 4 * 1

9 .7

9*7

1*
06

1 1 * 9

7*9

5 * 7

3 .5

7 a

4 a

4 - 7 8

1 3 * 4

9*4

9*4

i o

1*
12

7*7

5*9

4a

7 * 1

5*4

o

1 -7 9

1 2 * 3

8 * 5

8
a

9 * 2

9*9

a

4*9

3 a

s a

3 a

0*2

3 * 0

2 -7 9

12*0

6 a

s a

9 * 2

9*7

6
6
a

5 * 4

4 .1

6*i

4 a

2

4

3 - 7 9

1*
02

6 a

6
a

7 * 1

7 a

4*7

3*2

1 .6

3 * 1

4 - 7 9

6 * 7

5 * 5

5 * 2

5 a

5 * 7

3 * 1

16 0 1.2
*
.2

4 * 5

4*6

21
*

0 * 7

n

a

1 -6 0

7 * 6

4 a

2-60

5 * 4

3*9

a

2 * 5

3 - 8 0

1 1 * 7

4 -7 5

4

a

*
*
2 1 21 2 0
*
0*4
1 0
.1 *6
0 * 6

1-76

2-7 6

3 -7 6

4 -7 6

10 * 7

- 0 .7

i 5 a

1 * 7
- o a

2 1 4 .0

-5 * 1
a

a

-1*0
-

6
a

0*1

2

-2 * 4

a

0*0

- 1 * 4

- 3 a

-3*4

-0.4

-1 * 9

-3.3

-2*9

-4 * 5

-*•7

-7 * 0

-1*9

-3 * 4

- 4 .8

-4 * 6

-6 * 1

-6*3

-8 * 7

1-77

2 - 77

$ - 77

4-7T

1=78

2-78

3-78

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

217a

a

217*2

-0*4
4*0

221*7

6*5

-2.0

-2.7 -12.9

- 4

a

- 5 .8

-1 2 * 2

- l i a

- 5 a

- 6 .4

- 1 1 .0

- 1 0 .0

-9.0

- 1 0 .7

- 1 4 .9

- 1 5 a

- 1 7 . 5

- 2 5 .8

—1 2 . 3

- 1 5 .9

-16.7

- 1 8 .3

- 2 2 .8

- 1 0 .7

4-76

1-79

2 -7

2 14 * 2

207*7
203*2

-8 .4 ^

T-W F

168a
- 1 9

a

i 7eap

Z-8Ö

I N * f t A L QUARTER

P - P R E L IM JW ART-




PR E P A R E D I V F E D B I A L H E 5 E R V E BAN* OF S T . l O U IS
OCTOBER 17» 1960

16

GOVERNMENT P URCHASES OF GOODS A N O SERVICES IN CURR E N T
COMPOUNOEO ANNUAL RATES OP CHANGE
TERM INAL
QUARTER

DOLLARS
BILLI ONS OF
DOLLARS
ANNUAL RATES

INITIAL QUARTER
4-75

1-76

2-76

3-76

4-76

1-77

2-77

3-77

4-77

1-78

2— 7 8

3— 78

4-78

1-79

2-79

3-79

4-79

1-80

2-80
355.1

1-76

>•2

2-7*

3*4

2.7

3-76

4.2

4.2

5.6

357.5
362.4
370.3

4-76

5*3

5.7

7.3

9.0

1-77

6.4

7.0

it?

9.9

10.9

2-77

7.5

8.1

9.5

10.9

11.8

380.0

7.7

8.4

4-T7

8.4

9*0

10.1

11.0

11.5

1-78

8.2

8.7

9.6

10.2

10.5

2-78

8.2

8.7

9.5

10.0

*0.5

12.8

391*6

11.1

3-77

_?•*

400.5

11.7

11.1

12.9

10.4

9.6

9.7

1 0 . 0 _ _?•*

412.8
419.4

6*6
7*T

420*3

M

8.6

**o

9.»

10.3

10.5

À9*4

AO.o_

10.1

9*2

10*5

12.3

8.9

9.3

10.0

10.5

10.7

10.7

10.3

10.5

9*9

11*1

12.3

1-79

••6

’• 0

*•4

I*??

10.1

*0*0

9.7

9.1

2-79

8.4

8.8

9.3

9^6

9.7

9.6

4-78

8.5

440.9

8*9

460.1

5.7

U>.0

8*9

453.8

12.2

7*8

5.7

5.8

4 6 6 .6

3-79

8.5

8.8

9*3

9.7

9.7

9*6

9*2

9.2

8*7

9*1

9*1

8*4

7*1

7.8

9.3

*•4

10.1

10.5

10.6

10.6

10*4

10*5

10*2

10*7

11*0

10*8

10*4

12.1

15*4

477.8

10*0

4-79

501*2

2 1 *1

.?_17*2_

1-60

9.5

9*9

10*3

10*7

10*6

10*8

10*6

10*8

10*5

11*0

11*4

11*2

11*0

12*4

14*7

17*2

13*4

2-BO

9.5

9*8

10.3

10*6

10.7

10*7

10*5

10*6

10*4

10*8

11*1

10.9

10.7

11*7

13.2

14*3

11*1

8*9

3-BO

9.3

9.6

10.0

10.3

10.4

10*4

10*2

10*2

10*0

10*4

10*5

10.3

10.1

10.8

11*8

12*3

9*6

7*7

1-7* ^-75

3-76

2-77

3-77 “4^77

1-7»

2-78

3-76

4-7»

1-7*

2-79

3-7»

4-^79

4-75

-75“ T-77

528*3
6.5

536.7P

1-BÜ T-«Ö

----------------------------- i n i t i a l o o à * t é r ---------------------------------------------------------------------

G O V E R N M E N T P U R C H A S E S O F G O O O S A N O S E R V I C E S IN 1 9 7 2 D O L L A R S
C O M P O U N D E D ANNUAL R ATES OP CHANGE
TERMINAL

INITIAL Q U A K T »

-----

___________ 4 - 7 5

--- ------- ---------------------------------------------- ---1-76

2-76

3-76

4-76

1-77

2-77

3-77

4-77

1-78

2-78

3-78

4-7»

------------------ ------- —
1-79

2-79

3-79

4-79

1-BO

U L L M N S
DOLLARS

OF

- --- ANRÖÄinrSTES
2-60

___________
264.7

1-76

-1.5

2-76

-2.1

-2.7

3-76

-1.5

-1.5

-0.3

4-76

-1.2

-1.1

-0.2

262.9
262.7
262.6

-0.2

264.5

1-77

-0.4

-0.1

0.8

1.4

2.9

2-77

0.5

0.9

1.8

2.5

3*8

4*8

3-77

1.0

1*4

2*2

2.9

3*9

4*4

4*1

4-77

1.1

1*5

2*2

2.7

3*4

3*5

2*9

1.8

1-78

0.8

1.1

1*7

2.0

2*5

2*3

1*5

0.3

-1.2

2-78

0.8

1.1

1.6

1.9

2*2

2*1

1*4

0.5

-0.1

0.9

271.3

3-78

1.2

1.5

2.0

2.3

2*6

2.6

2.1

1.6

1.6

3.0

5.1

274.7

4-78

1.3

1.5

2.0

2.2

2.5

2.5

2.1

1.7

1.7

2.6

3.5

1.9

1-79

1.0

1.2

1.6

1.8

2.0

1.9

1.5

1.1

0.9

1.5

1.7

0.0

-1.9

2-79

0.7

0.9

1.2

1.3

1*5

1.3

0.9

0.4

0*2

0.5

0.4

-1.1

-2.6

—3.3

267.6
270*3
271*5
270*7

276.0
274.7
272.4
273.1

3-79

0.7

0.9

1.2

1.3

1*4

1*3

0*9

0.5

0*3

0*6

0.5

-0.6

-1*4

-1.2

1*0

4-79

1.1

1.2

1*5

1*7

1*8

1*7

1*4

1.1

1*0

1*3

1*4

0.7

0.4

1*2

3*5

6*0

1-BO

1.2

1.4

1.7

1*8

2*0

1*9

1*7

1.4

1*4

1*7

1.8

1.3

1.2

1*9

3*7

5.1

4*3

1*9

1*9

1*6

1.4

1*4

1*7

1.8

1.3

1.2

1*8

3.1

3.8

2.8

1.3

1*6

1.4

1.1

1.1

1*3

1.3

0.9

0.7

1*2

2.1

2.4

1.2

-0.3

-1.8

1-77

2-77

3-77

4-77

1-78

4 ^ '1 - W

HO

2-80

1.2

1.4

1*7

1*8

3-80

1.1

1.2

1*5

1.6

1*7

4-75

1—
74

2-76

3-76

4-7è

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

2-7» >-78

4-7# T-79 T-79

3-79

--- ------------------------- I N I T I A L S i t t T E *

277*1
280*0
280*9
279*6P

“

P-"PRELIMINARY




PREPARED B Y F E D S W L
O C T O B E R 17» 1 9 B 0

17

RESERVE BANK OF ST* LOuIS

DISPOSABLE PERSONAL INCOME IN CURRENT OOLLARS
COMPOUNOEO ANNUAL RATES OP CHANGE
T ER M IN A I
QUARTER “

___________
1-76

2-76

3-76

4-76

1-77

2-77

B I L L I O N S OP
DOLLARS

.INITIAL QUARTER

3-77

4-77

1-76

8.0
6.0

7.2

4-76

8*6

8*2

9.2

1-77

8.7

8.3

9*2

2-77

9*3

9.2

9.9

10.5

10.6

10.9

n a

12 mO

11.3

12.0

1-79

2-79

3-79

4-79

1-BO

rates

2-8©

12.1

A

4-78

12*0

10.3

3-76

6 *

3-76

2-7B

9*7

2-76

1-78

annual

12.0 _ J 2 * 0 _

1.152.2

3-77

1.170.2
8 .1
10.3

1»222.4
9.3

1,250.1
1,286.0
1,323a

4-77

10*0

10.0

W * 6

1-78

10*0

10.0

10 a

11.0

11.1

lia

11.5

11.1

ioa

2-7B

10*3

10.3

10 a

11.2

11*4

l ia

11.8

11.7

11.5

12*7

3-78

10*4

10.4

10.9

11.2

11.4

11.7

11.7

11*6

11.5

12*0

11*4

4-78

10*6

10.7

11.2

11.5

11.7

12.0

12.0

12.0

12.0

12.6

12.5

13.7

1-79

10*8

10.9

11.3

11.7

11.8

12.1

12.2

12.2

12 a

12*7

12.7

13.4

M

1,341.2
1,395*0
1,437.3
1,476.5
1,524.8
13*0

1,372.2
1,601.7

2-79

10*6

10.7

11.0

l i a

11.4

Ila

U a

11.5

11.5

11*7

11.4

11.5

io a

3-79

10*6

10.6

10.9

l i a

lia

11.5

11.4

11a

n a

11*4

11.1

11.1

ioa

6.8

4-79

10*6

10.6

10.9

l i a

11.2

11*4

11*4

11a

n a

11.3

11.1

11.0

10*4

9 a

10*4

10.9

1-BO

10*7

10.8

11.1

11.3

11*4

U a

11*6

11.5

u a

11*6

11.4

11.5

n a

10*5

11*5

1 2 a

2-60

10*4

10.4

10.7

10.9

10.9

11.0

10*9

10.8

10.7

ioa

ioa

10 . 4

9.9

9*2

9 a

9*5

8*8

4*3

3-80

10«$

10.5

10.8

10.9

11.0

11.1

11*0

11.0

10.9

10*9

10.7

10.6

ioa

9.7

i oa

i o a

10*0

8.2

12.3

4— 7 5

1-7*

2-76

3—7*

4-76

1-77

2-77

3-77

4— 7 7

1-78

2-78

3-76

4-71

1-79

2-79

3-79

4-79

1-80

2-SÖ

7*7
9*9

1,640*0
1,683.1
1,737*4

13.5

1,755*9
l,60?*5f

INITIAL q u a r t e r
P- PRELIMINARY

DISPOSABLE PERSONAL INCOME IN 1972 OOLLARS
COMPOUNDED ANNUAL RATES OP CHANGE
TERMINAL

BILLIONS OP
OOLLARS

INITIAL QUARTER

annual

4-75

1-76

2-76

3-76

4-76

1-77

2-77

3-77

4-77

1— 7 6

2-76

3-76

4-7»

1-79

2-79

3-79

4-79

1-60

rates

2-60
663*1

1-76

5*3

2-76

3*7

2.1

667*7
693*4

3-76

3*3

2.3

2.6

4-76

3*6

3.1

3.5

4.5

1-77

3*3

2.8

3.1

3.3

2.1

963*3
966.6
921.5

2-77

3*8

3.5

3.8

4 a

4.1

6 a

3-77

4*2

4.0

4*4

4 a

4.9

6.3

6.6

4-77

4*5

4.4

4*B

5*2

5.4

6.5

6.7

6 a

1-78

4*2

4.1

4*4

4.7

4.7

5*4

5.1

4*4

2*0

2-78

4*2

4.1

4.3

4.6

4.6

5*1

4.8

4 a

3*0

4 a

3-78

4*2

4.1

4.3

4.5

4 a

4*9

4.7

4 a

3*4

4*1

4-78

4*4

4.3

4.5

4.7

4.8

5*2

5.0

4.7

4 a

4*9

5.3

6.4

1-79

4*2

4.1

4.3

4*3

4.5

4.8

4 a

4.2

1.7

4 a

4 a

4.2

2*1

936a

95 i a
956*6
966.1
976*2

4 a

991*5
996*6
993*0

2-79

3*8

3.7

3.8

3.9

3.9

4.1

3.8

3*4

2*9

3 a

2a

2 a

o a

-1.4

3-79

3*5

3.4

3.5

3.6

3*5

3.7

3 a

3.0

2*5

z a

2 a

i a

o a

- o a

o a

4-79

3.4

3.3

3.3

3*4

3*3

3*4

3 a

2 a

2 a

2 a

2*1

l a

o a

-0*1

o a

1-60

3.2

3.1

3.2

3.2

3.1

3.2

3*0

2.6

2*2

2*2

1*9

1.5

o a

0*2

0*7

1*0

2-60

2.7

2.6

2 a

2.6

2.4

2.5

2 a

1.8

i a

l a

0*9

0*4

- o a

-1*1

-1*0

-1*4

- 2a

- 6 a

1.9

1*5

1*4

1*2

o a

-0.0

- o a

-0*1

- o a

- o a

-1.4

3 a

4— 7T

1-78

3 -r *

4—r r

r-«r

2-BÖ

3-60

2*7

2.6

2.6

2.6

2.5

2.5

2 a

4-73

1-76

2-75

3-76

4-76

1-77

¿-77




3-77

993*4
996*2

1*1

996.5

0*9

963*1
991*4P

---- n r « 1111— 1 U f t V U
U

~ PRE PARED BY FEDERAL R E S E E Y F B A H K
O C T O B E R 17* 1 9B0

18

OF

ST* LOUTS

CORPORATE PROFITS AFTER TAXES *
C O M P O U N D E D ANNUAL R ATES OF CHA N G E
TERMINAL
QUARTER
____________3 - 7 5

8ILLI0NS OF
DOLLARS
ANNUAL RATES

INITIAL QUARTER
4-75

1-76

2~76

3-76

4-76

1-77

2-77

3-77

4-77

1-7»

2-78

3-78

6-7$

1-79

2-79

3-79

4-79

1-80
80.3

4-75

11.8

1-76

35.8

64.9

¿-76

23.7

30.1

2 . 7 _________

91.6

3-76

1 **P

? !• *

*•2

*•»

92*9

9.0

1 1 .2

14.0

2».3

4-76
__________ 1 5 . 2

91.0

16.1

1-77

17.3

93*2

1 *3

18.4

99.2
103.7

2-77

17.6

18.6

1 1 .0

13.2

15.»

2 **»

19.4

_3-77

17.2

19*0

11.5

1 ^ .4

15.4

20.5

16.8

16*2

4-77

15.4

1 **»

1 0 .2

11.5

12.7

15.»

11.9

8.3

107.2
1 0 7 .9

2 .6

106.7
1 2 2 *4
124.6

7.4
4-78

J 7 *6

1 »*1

14.6

15.»

17.0

19.1

17.9

17*6

1».3

2 2 .6

33.2

16.8

132.3

27.1

142.0

19*2

16.0

17.3

10.5

2 0 .6

19.6

19.7

2 0 .6

24.6

»•1

?l„*9

29.9

3 2 .7_

2-79

16.7

17.0

14.0

15.0

15.9

17.4

16.3

15.9

16.1

18.6

23.8

13.8

16.0

10.9

-7.4

3-79

17.4

!?• »

15.0

16.0

16.9

l».4

17.4

17.2

17.6

19.9

26.5

16.6

19.0

16.4

9.1

2 » .5

4-79

16.0

1>*3

13.6

14.4

15.1

16.4

14.9

15.0

16.7

2 0 .0

1 2 .9

14.1

1 1 . 0^

4.6

11.2

-3.7

17.2

15.3

11*3

1»*3

13.5

l a

-2.6

- » .5

- » • » - 1 » # 6 - 2 5.1 - 5 8 . 1

_________ 1 8 . 6
1-79

1-80

17.0

1 7 .3

16.»

15.6

16.4

17.6

16.»

16.5

16.8

18.5

21.7

15.7

2-80

10.8

10.7

8.2

8.5

».7

9.3

7.9

7.0

6.4

6.»

» .1

1.9

1— 7 6

2—76

3— 76

4— 76

1-77

2-77

Ï—77

4-^77

139.3
148.3
146.9

T-T»

33.8

3-80

N.A.
r

INITIAL QUARTER
» NATIONAL

15 ».0
127.1

INCOME

BASIS

N.A.-Not Available
OCTOBER

17»

1900

SOURCES OF DATA
NATIONAL INCOME AND PRODUCT ACCOUNTS DATA
Source:

1929-72:
1973
1974:
1975:
1976-78:
1947-79:

U.S. Department of Commerce, Bureau of Economic
Analysis, Washington, D.C. 20230
The National Income and Product Accounts of the
United States, 1929-74, A Survey of Current Business
Supplement.
Survey
Survey
Survey
Survey
tables

of
of
of
of
of

Current Business,
Current Business,
Current Business,
Current Business,
selected series)

July 1977.
July 1978.
July 1979.
January 1980 (summary

The Survey is available from most district offices
of the Department of Commerce or from the Superintendent of
Documents, U.S. Government Printing Office, Washington, D.C.
20402.




19

I NVENTORI ES COMPARED WITH MONTHLY S A L E S *
MANUFACTURING

AND TRADE

72

.6 8

68

.64

64

.60

60

.56

56

.52

52

.48

48

.44

44

.40

40
36

.36
1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980

1

# RAT I OS BASED

ON SEASO NALLY ADJUSTED

SHADED AREA S R E P R E S E N T
LAT EST

DATA PLO TT ED :




DATA.

P E R IO D S OF B U S I N E S S

SOURCE:

U . S . DEPARTMENT OF COMMERCE

R E C E S S IO N S .

AUGUST P R E L IM IN A R Y

PREPARED BY F E D ER A L R E S E R V E BANK OF ST

20

LOUIS

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