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n m i o n m Economicr e d o s
t
P R E P A R E D

M o n th

E n d in g :

A u g u s t

B Y

31,

P r o d u c tiv ity ,
s e c to r,

f e ll

s e c o n d

a t

a

q u a rte r

d e c lin e

1 .5

o f

s in c e

th is

o f

r a t e

d e c re a s e .

o f

s h a rp

in c r e a s e

1978

to

th e

r e la te d
o f
A

1973

to
in

s e c o n d

in

a n d

p la n t

a n d

T h e
s e v e r a l

p r ic e s

fo r

A u g u s t.
s in c e
r a te ,

tw o

e n e rg y

M a y .

a id e d ,

fro m
to

a t

M a y

M a y .

a ft e r

c iv ilia n
w a s

e a r ly

th e

o f

to

s h o w

tro u g h

1 9 4 5 .
le v e l

tro u g h
p e a k

o f

th a t




th is

y e a r

e x c e e d s

in

a t

a

b u s in e s s
in

th e

a

2 .9

fo u rth

to

a n d

q u a rte r

p e rc e n t

ra te .
s o m e

re d u c e

p r o d u c t iv it y

a
o f

re n d e rs

o u tp u t

in c e n t iv e

fu e ls

f ir s t

4 7 .5

w ith

q u a rte r

fo r

th e

th e

p e rc e n t

a s s o c ia te d

in d e x

1980

c o n tin u o u s

fo u rth

F ro m

o f

th e

th e

a
a t

o f

e n e rg y

w o rk e rs

in

a n d

in

o f

fo u rth
w o re
p e a k

o f

th e

th e

to

1 9 5 4 ,

in

M a y ,

o f

in

r a te

a n d

b u t

a

tw o

p r o d u c tio n
1 9 7 3 .
b e lo w

d e c lin e

o f

3 .3
A t

5 .7

th e

2 .5

in

p r io r

A u g u s t,
A u g u s t,

e m p lo y m e n t

in

th e

its

b e lo w

th e

r e c e s s io n s

th e

s a le s

b e lo w

b e lo w

fir s t

p e a k
s in c e

b u s in e s s

in

fir s t

s e v e r it y .

p e rc e n t

p e rc e n t

th e

d u r in g

s lig h t ly .

e x c e e d s

p e rc e n t

fin a l

le v e l
s ix

in

s ix

w a s

R e a l
th e

in

th e

1 9 5 3 .

w a s

to

d e c lin e d
ro s e

r a te

Ja n u a r y

In

a c t iv it y

w a s

a c t iv it y

fro m

p a y r o ll

r e d u c tio n
o f

p e rc e n t

p e r c e n t

M a y .

r e c e s s io n s

q u a rte r

S u c h

17

M a y

to

e c o n o m ic

p r o d u c tio n

o f

2 9 .3

e m p lo y m e n t

e a r lie r

q u a rte r

p e rc e n t
tro u g h

a s

a

to

s h a r p ly

e c o n o m ic
a

fro m

Ja n u a r y

s e c o n d

a ll

s e c o n d

r a te

A p r il

m o n th s .

in d u s t r ia l p r o d u c tio n

y e a r .

in

1 9 7 5 ,

2 .7

s a m e

in
a t

p e rc e n t

p e rc e n t

d e c lin e

th e

q u a rte r

1 7 .3

a t

a n

p ro d u c e r

fro m

e ig h t

d e c lin e

fro m

r iv a ls

in

o f

a

in

p a s t

to

a c c e le r a te d

e x p lo d e d
p r io r

th e

d u e

r is e

r a te

h a s

e x p a n d e d

m e a s u re s

th e

G N P

q u a rte r

a t

A u g u s t,

th e

th e

s a le s

1 1 .8

th e

G N P

r e a l

th a t

th e

p e rc e n t

s to c k

o v e r

o v e r

la r g e ly

F ir s t,

(M 1 B )

m o n e y

r a te

e x p e r ie n c e
r e a l

1 2 .6

r a te

a n

B o th
In

fa c to rs .
a

d e c lin e

p e rfo rm a n c e

r e c e n tly ,

s to c k

R e t a il

Ju n e .

q u a rte r

th e

to

p e rc e n t

q u a rte r

p e a k

fir s t
in

p r ic e

ro s e

e c o n o m ic

e v id e n c e

ro s e

b r e v ity

th a t

s e c o n d

th e

w a s

3 0 ,

e n d in g

lo n g e s t

th e

b u s in e s s

th e

p r iv a te

e n d in g

r a te .

th e

s lo w e d

p e rc e n t

y e a r.

th is

in

m o n e y

v ir t u a lly

in

f ir s t

p r io r

a tta in e d

q u a rte r
d ro p

th e
th e

in

w a s

r e d u c tio n s

In
a t

1 .6

4 8

th e

th e

o f

A u g u s t,

a

a

th is

y e a r,

in

r a is e s

re d u c e s

s lo w e d

fo llo w in g

a s

o f

d a ta

R e v is e d

o f

th e

a v e r a g in g

F ro m

p r ic e s

p r ic e s

S e p te m b e r

th e

d e c lin e

p ro d u c e r

a d v e rs e

t e m p o r a r ily .

s a m e

th is

p r o d u c tio n

to

in c o m e

D e s p ite
h a lf

m o s t

w id e s p r e a d

o n ly

m o n th s

is

p e r io d

p e rc e n t

th e s e

th e

h a v e

g ro w th

A u g u s t,

a t

1 9 7 4 ,
to

to

th e

o n ly

e m p lo y m e n t

a b o u t

th e

is

P e rs o n a l

r is in g

o f

M a y
a t

le a s t

to

th e

o b s o le te ,

re s o u rc e s

F ro m

T h e re
h a s

L O U I S

q u a rte rs

q u a rte r,

re s o u rc e s .

4 3 .9

d e te r io r a tio n

th e

r is in g

a

c o n s e q u e n tly

a p p e a rs

S e c o n d ,

a fte r

o f

e a c h

in

s ix

th is

p r o d u c t iv it y

1 9 8 0 ,
a t

r e la tiv e

g e n e ra l

in

ST.

e q u ip m e n t.

q u a rte rs

im p r o v e m e n t

o f

e q u ip m e n t

O F

h o u r

th e

q u a rte r

in

e n e rg y

ro s e

q u a rte r

a n d

s e v e n

th e

p e r

o v e r

e x c e p tio n ,

d e c lin e d

o f

p o w e r

c o s ts

p r o d u c tio n ,

e x is tin g

th e

o u tp u t

r a te

o n e

c a s e s ,

p r ic e

th ir d

p la n t

W ith

q u a rte r

a n d

e n e rg y

e x is tin g

b o th

b y

a n n u a l

y e a r.

th e

B A N K

R e le a s e d :

m e a s u re d

D u r in g

In

in

th e

a s

p r o d u c t iv it y

p ro d u c ts

r is e

u se

1 9 7 4 ,

R E S E R V E

1980

p e rc e n t

1 9 4 7 .

q u a rte r

F E D E R A L

th e

th e

th e

c y c le
p r io r

s e c o n d

q u a rte r,

r e c e s s io n s .

a

TOTAL C lV IL IA M EMPLOYMENT
COMPPUMPED ANNUAL R A T E S OF CHANGE
T E R M IN A L

IN IT IA L

THUUSANPS

MONTH

MNH
OT
1-79
2-79

2.9

O PE SO S
F
R N
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

4.3

3-79

2-79 3-79

4-79

96*496
1.6

0*4

-1.5

96*623
-4.5

94*254

5-79

1.1

-0.0

-0.8

3.0

6-79

1.2

0.5

0.1

2.5

2.0

7-79

2*1

3.9

4.4

8-79

1.5

9-79

1.7

2.1

1.1
1.8

1.8
0.9
1.8

96*495
96*652
6.8

97*164

2.4

2.1

2.2 -2.2

3.1

3.2

3.6

6.4

1.2

2.9 -0.4

10-79

1.8

1.5

1.5

2.6

2.5

2.6

11-79

1.8

1.5

1.5

2.4

2.3

2.4

1.3

12-79

2.0

1.8

1.8

2.6

2.5

2.6

1.8

1-BO

1.7

1.5

1.5

2.2

2.0

2.1

2-BO

1.7

1.5

1.5

2.1

2.0

2.0

3-«0

1.3

1.1

1.1

4-BO

0.8

0.6

0.5

0.9

5-BO

0.6

Of 4

0.3

0.7

6-60

0.3

0.0 -0.1

1.4

0.3

7-*0

0.6

0.4

0.3

6-#0

0.6

0.4

0.3

0.6

1-79

2-79

3-79

4-79

0.6

0.7

1.4
0.6
0.4

97.004

2.0

1.3

2.5
2.8
2.0
2.0

97.504
97.474

0.6

1.7

1.7

2.7

3.8

1.4

0.9
1.1

97.606

1.5

0.7

1.2

0*3

0.4

0.2

-0.6

-0.7

97.604

1.2 -1.3

1.4

-0.0

97.912

0.3
0.1

-1.1

1.8

-1.0

-0.9

-2.3

97.953
97.696

-3.6

—
2.6
-2.5

-4.8

-6.0

97.154
-2.0

-0.2

-0.0

-0.8

-0.9

-1.3

-2.2

0.0

-0.1

-0.7

—
0.6 -1.3

-1.4

-1.9

-2.8

-3.1

0.4

0.3

-0.2

-0*0

-0.7

-0.9

-1.6

-1.6

-2.3

-2.0

—
0*6

0*0

-0.6

-0.8

-1.4 -1*4

-1*9

-1.6

-0.5

0.1

0.4

0*3 -0.2

5-79 6-79

7-79

-0.6

0.0 -0*6

8—
79 9-79 10-79 11-79 12-79
IN IT IA L

-3.9
-4.3

-4.0
-4.5

-3.8

96.968
96.537

—
5.4
5.9
3.0

96*996
0*1

97*006

6-60 7-BO

1-80 2-80 3-80 4-BO 5-80

M O N TH

P A Y R O L L EM PLO YM ENT
C O M P O U N P g P AN N U A L R A T E S O F C H A N C E
IN IT IA L

M O N TH

W

Jfeg

H

O

H

O

W

O

H

O

T

-

W

3 .4

89*109
89 «455

- 6 * 1 ____ M
* -7 9

*•4

1*9

-0 * 9

5 -7 9

*♦ 9

2*7

1*7

4 .4

6 -7 9

2*9

2 .7

2*0

3 .6

2*7

89*366
89*706

7 -7 9

2 .7

2 .6

2 .0

3 .0

2 .3

6 -7 9

2 .6

2 .5

2 .1

2 .6

2 .3

9 -7 9

2 .4

2 .1

1 .9

2 .4

1 .9

69*909
2 .0

90*054
2 .3

1 .7

1 0 -7 9

1 .5

9 0 .2 2 2
0 .6

90*263

90*441

ll- t 9

2 .3

2 .2

1 .6

2 .2

1 .9

1 .7

1 .7

1 .5

1*8

1 .5

1 2 -7 9

2 .2

2 .1

1 .6

2 .2

1 .9

1 .7

1 .7

1 .5

1 .8

1 .6

1 .7

1 -6 0

2 .4

2 .4

2 .1

2 .5

2 .2

2 .2

2 .2

2 .5

2 .6

3 .2

4 .8

2 -M

2 .4

2 .3

2 .1

2 .4

2 .2

2 .2

2 .1

2 .4

2 .5

2 .6

3 .4

2 .1

M O

2 .2

2 .1

1 .9

2 .1

1 .9

1 .6

1 .6

1 .9

1 .9

2 .0

2 .1

0 .7

-0 .6

4 -6 0

1 .9

1 .6

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

1 .4

1 .2

1 .0

1 .1

0 .6

0 .7

0 .6

0 .4

0 .3

0 .1

-0 .2

-0 .6

-1 .«

-3 .1

-4 .4

-6 .2

4 -6 0

0 .9

0 .«

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 .6

-5 .4

7 -# 0

0 .6

0 .6

0 .3

0 .4

0 .1

-0 .0

-0 .2

-0 .4

-0 .6

-0 .6

- l. l

-1 .5

-2 .5

-3 .4

-4 .2

-4 .7

-3 .9

-2 .4

0 .9

0 .7

0 .5

0 .6

0 .3

0 .1

0 .0

-0 .2

-0 .3

-0 .5

-0 .7

-1 .0

-1 * 6

-2 * 4

-2 .6

-2 .9

-1 .6

0 .1

2 .7

1 -7 9

2 -7 9

3 -7 9

4 -7 9

5 -7 9

6 -7 9

7 -7 9

6 -7 9

9 -7 9

1 0 -7 9

1 1 -7 9

1 2 -7 9

1 -6 0

2 -6 0

3 -6 0

4 -0 0

5 -6 0

6 -6 0

7 -6 0

8 -6 0

1 .6

IN IT IA L

90*552
90*678
9 1 .0 3 1
91*186
9 1 .1 4 4
90*951
90*466
9 0 .0 4 7
8 9 .8 6 5 P
90*066P

M O N TH

P R E L IM IN A R Y




P R E P A R E O BY F E P E R A L R E S E R V E BANK OF S T .
SE P T E M B E R 5 9 1980

2

L O U IS




E M P L O Y M E N T
RATIO

SCALE

MILLIONS

RATIO

SEASONALLY ADJUSTED

OF PERSONS

1972

1973

1974

1975

1976

1977

1978
SO U R C E :

PERC EN T A G ES
LA TEST

ARE

ANNUAL R A T E S

DATA PLOTTED-.

OF CHANGE FOR P E R IO O S

SCALE

MILLIONS

OF PERSONS

1979

U .S .D E P A R T M E N T

1980
OF LABO R

IN O IC A T E O .

AUGUST P R E L IM IN A R Y
PR EPA R ED

BY F E D E R A L

RESERVE

BANK OF

ST,

L O U IS

UNEMPLOYMENT R A T E
S E AS ONAL L Y

r'tRCENT

A DJ US T E D

PERCENT
10.0

9.

9.0

8.

8.0

\ 0

6.

6.0

5.

5.0

4.

4.0

3

3,0

.

2 .0

1972

1973

1974

1975

1976

1977

1978
SO U RCE:

P E R C EN T
LATEST

OF C I V I L I A N
DATA P L O T T E D :

LABO R

U .S .

1979
DEPARTM EN T

1980
OF LABO R

FO RCE

AUGUST

PR EPAREO BY FE D E R A L R E S ER V E BANK OF S T . L O U IS

CONSUMER PRICE
COMPOUNDED

INDEX, SEASONALLY AOJUSTED *
A N N U A L R A T E S O F C H A N G E _________

INITIAL

terminal

MONTH

1967*100

MONTH
1-79

2-79

3-79

4-79

5-79

6-79

7-79

2—79

13*9
13.5

13.1

13.3

12.9

12.6

6-79

13.3

13.1

13.0

13.1

13.4

13.2

13.1

13.3

13.6

13.3

13.1

13.0

13.1

13.3

13.1

13.4

13.3

13.3

13.4

13.6

13.6

13.6

2-80

12.8

9-79

1-80

3-80

4-80

5-80

6-80

7—BO

13.5

8-79

12-79

13.7

7-79

11-79

12.7

5-79

10-79

13.5

4-79

9-79

14*3

3-79

8-79

207.7
209.9
212.0
12.6

214.1
216*4
218.7
220.9
223.4

14.5

10-79

13.3

13.2

13*2

13.2

13.4

13.3

13.2

13.5

12*5

11-79

13.3

13.2

13.1

13.2

13.3

13.2

13.2

13.3

12.7

12.9

12-79

13.5

13.4

13.4

13.5

13.7

13.7

13.7

13.9

13.7

14.4

225.6
227.9
230.7

15.8

1-80

13.9

13.9

13.9

14.1

14.3

14.3

14.5

14.8

14.9

15.7

17.2

18.6

2-80

14.2

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

14.5

14.6

14.8

15.0

15.1

15.3

15.7

15.9

16.6

17.5

18.1

17.9

4-BO

14.3

14.3

14.4

14 .b

14.7

14.8

15.0

15.2

15.3

15*8

16.4

16.6

15.9

15.0

12.1

5-BO

14.1

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

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

11.3

7-BO

Pt*

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

8.6

7.6

5.8

0.5

8-80

12.9

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

8.6

7.7

6.7

4.5

1-79

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

234*0
237.2
18.0

240.5
242.8
244.9
247.1
247.2
8.6

248.9

9
T

I N it I A L M O N t H
«CPI-W

POR U R B A N WAGE

EARNERS

AMO CLERICAL WORKERS
P R E P A R E O B Y F E O E R AL R E S E R V E B A N K O F S t .
S E P T E M B E R 23, 1980

LOUIS

P R O O U C E R P R I C E INOfcX, F I N I S H E O G O O O S - S E A S O N A L L Y A D J U S T E D
___________________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 _________________
INITIAL MONTH

TERMINAL
Mo n t h
1-79
2-79

2-79

3-79

4-79

5-79

6-79

7-79

8-79

9-79

10-79

1967 « 100

11-79 12-79

1-80

2-80

3-80

4-80

5-80

6-80

7—BO

13.7

207.6

3-79

12.9

12.2

4-79

12.0

11.2

10.2

5-79

10.4

9.4

8.0

209.4
211.1
5.8

212.1
213.4

6-79

9.9

8.9

7.9

6.7

7.6

7-79

10.7

10.1

9.6

9.4

11*2

15.0

8-79

11.2

10.8

10.5

10.6

12*2

14.6

14.2

16.1

16.6

19.1

215.9
218.3
221.5

9-79

12.1

11.9

11.9

12.2

13.9

10-79

12.3

12.2

12.2

12*5

13*9

15*5

15.7

16*4

13.8

11-79

12.6

12.5

12.6

12.9

14.1

15.5

15.6

16.1

14 #6

12-79

12.4

12.3

12.3

12.6

13.6

14.7

14.6

14.7

13.3

1-80

13.2

13.1

13.2

13.5

14.5

15.6

15.7

16.0

15.2

15.7

15*8

21.3

2-80

13.6

13.5

13.7

14.0

15.0

15.9

16.1

16.4

15.8

16.4

16*7

19.8

18.5

3-80

13.9

13.9

14.0

14.4

15.3

16.2

16.3

16.6

16.2

16.7

17*0

19.3

18.3

18.2

4-BO

13.5

13.5

13.5

13.6

14.6

15.3

15.3

15.5

15.0

15.2

15*1

16.3

14*7

12.9

7.8

5-80

12.6

12*5

12.6

12.7

13.3

13.9

13.8

13.7

13*1

13.0

12*6

13.0

11.0

8.6

4.1

0.5

6-80

12.4

12.4

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

9.9

7-80

13.0

12.9

13.0

13.2

13.7

14.2

14.1

14.1

13.6

13.6

13.4

13.8

12.6

11.5

9.9

10.»

15.9

22. 3

8-80

13.3

13.3

13.4

13.6

14.1

14.6

14.6

14.6

14.2

14.3

14.1

14.6

13.7

12.9

11.8

12.9

17.3

21*2

20.2

1-79

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




223.9
226.6

15.5
13.0

228.5

10*5

232.2
235.5
238.8
240.3
240.4
242.3
246.4
250.2

I N IT 1 A L M O N T H

P R E P A R E O B Y FE O E R A L R E S E R V E
S E P T E M B E R 5» I 9 6 0

4

BANK

OF ST.

LOUIS




RATI O

SCALE

P R IC E S

1967- 100

RATIO

SE A S O N A L L Y A D JU S TE D

SCALE

1967- 100

U .C P I-U FOR A LL U ltlA M CONSUMERS
t f j c r I - I FOR U R tA N WAGE EARNERS AND C L E R IC A L WORKERS
PERCENTAGES ARE ANNUAL R ATES OF CHANCE FOR PER IO DS
LA TE S T DATA PLO TT E D .

IN D ICAT E D .

AUGUST

PREPAREO 0Y FEOERAL RESERVE BANK OF S T .

RATIO

P R OD U C E R

SCALE

1967-100

PRICES

SEASONALLY ADJUSTED

PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PER IO O S
LA TE S T DATA PLO TTEO t

LO U IS

RATIO

sc a le

1967-100

IN D ICAT E D .

AUGUST

PREPARED IT FEDERAL RESERVE »AIM Of ST. LOVIS

5

PROOUCtR PRICE INDEX, FINISHED CONSUMER FOODS - SEASONALLY ADJUSIEO
_____________________C O M P O U N O E O A N N U A L R A T E S O F C H A N G E _______________________ ____

1-79

2-79

3-79

4-7 y

5-79

2-79

17.5
9.6

5.2

3.9

-0.7

-8.2

6-79

0.7

-3.4

1.9

-1.2

-5.1

-5.2

-1.9

1-80

-9.2 -11.4 -11.2

7-79

12-79

2-80

3-BO

4-BO

5-80

6-BO

7-80

-4,7

5-79

1967 * 100

16.1

4-79

7-79

INITIAL NONTH
----------------11-79
8-79
9-79

lb * 9

3-79

6-79

0
1
5

TfcRHlNAL
MONTH

223.9

225.8
-11.6

223.5
221.3
8.4

222. 8

8-79

4.3

2.1

-0.5

0.5

4.9

14.0

19.9

9-79

5.9

4.2

2.3

3.8

8.0

15.3

18.8

17.7

10-79

5.1

3.5

1.8

2.9

6.1

11.0

11.8

7.9

5.9

9.1

13.7

15.1

226.2
229.3
-1.0

229.1

13.5

233.5

11-79

7.0

5.8

4.5

11.5

25.6

12-79

6.6

5.5

4.4

5.6

8.3

11.9

12.6

10.8

8 .6

13.8

3.1

1-80

5.1

4.0

2.8

3.7

5.8

8.4

8.4

6.3

3.6

5.2

-3.8

-10.2

2-80

4.3

3.2

2.1

2.8

4.5

6.6

6.4

4.3

1.8

2.5

-4.2

-7.7

234.1
232.0
-5.1

231.0

3-80

4.9

3.9

3.0

3.7

5.3

7.4

7.2

5.5

3.6

4.6

-0.1

-1.2

3.7

13.2

4-80

2.2

1.1

0.1

0.5

1.7

3.0

2.5

0.5

-1.8

-1.9

-6.7

-8.9

-8.5

-10.2

5-80

2.2

1.1

0.2

0.5

1.6

2.9

2.3

0.5

-1.4

-1.5

-5.4

-7.0

-6.2

233.4
-28.7

226.9

-6.6 -15.1

1.1

227.1
8.8

6-80

2.5

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

-7.8

4.9

7-80

5.0

4.2

3.5

4.1

5.3

6.7

6.6

5.4

4.3

4.9

2.5

2.4

4.7

6.8

5.2

19.B

30.5

56.5

8-80

7.6

7.0

6.5

7.3

8.6

10.2

10.4

9.6

8.9

9.9

8.3

9.0

12.0

15.2

15.6

30.4

42.0

62.2

68.1

1-79

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— 8#

5-80

6-BO

7-80

228.7
237.4
247.9

INITIAL NONTH

PROOUCtR

PRICE

INOEX , FINISHED GOODS, EXCLUDING FOOOS - SEASONALLY
i OMPOUNDED ANNUAL RATES OF CHANGE
C

ADJUSTED

1967 « 100

INITIAL MONTH

TERMINAL
NONTH
1-79
2-79
3-79

11.7

2-79

3-79

4-79

5-79

6-79

7-79

8-79

9-79

10-79

11-79

12-79

1-BO

2-80

3-80

4-80

5-80

6-BO

7-80
200.2

12.1
11.3

202.0
204.4

4-79

12.9

13.3

15.2

5— 79

12.9

13.2

14.1

13.0

6-79

13.2

13.4

14.2

13.6

206.5
14.2

208.8

7-79

13.9

14.2

14.9

14.9

15.8

17.3

8-79

13.7

13.9

14.5

14.3

14.7

14.9

12.6

2U.6
213.7

9-79

14.4

14.7

15.3

15.3

15.9

16.4

16.0

19.5

216.9

10-79

14.9

15.3

15.8

16.0

16.5

17.1

17.1

19.4

19.2

220.1

11-79

14.6

1*.9

15.4

15.4

15.8

16.1

15.8

16.9

15.6

12.1

12-79

14.6

14.8

15.2

15.2

15.5

15.7

15.4

16.1

15.0

12.9

13.8

1-80

16.0

16.3

16.9

17.0

17.5

18.0

18.1

19.3

19.2

19.2

23.0

33.0

222.2
224.6
230.0

2-80

16.8

17.2

17.7

18.0

18.5

19.1

19.3

20.5

20.7

21.1

24.3

29.9

26.8

3-80

17.0

17.4

17.9

18.2

18.7

19.2

19.4

20.4

20.6

20.9

23.2

26.5

23.4

20.1

4-80

17.3

17.6

18.1

18.4

18.9

19.4

19.6

20.5

20.6

20.9

22.7

25.1

22.6

20.5

_

_

234.6
238.2
242.0

20.9

5-80

16.2

16.5

16.8

17.0

17.3

17.6

17.6

18.2

18.0

17.8

18.8

19.8

16.8

13.6

10.5

1.0

6-80

15.8

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

7-80

15.7

15.9

16.2

16.2

16.5

16.6

16.6

17.0

16.7

16.4

17.0

17.5

15.0

12.8

11.1

8.0

11.7

13*6

8-80

15.3

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

10.6

11.0

8.6

1-79

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




242*2
244.1

9.8 _

246.7
248.4

INITIAL NONTH

PREPARED BY FEDERAL RESERVE
S E P T E M B E R 5, 1900

6

BANK OF

SI*

LOUIS

INDUSTRIAL

PRODUCTION*

R A T I O SCALE

R A T I O SCALE
SEASONALLY ADJUSTED

1967-100

1972

1973

1974

1975

1976

1977

PERCENT A M S ARE ANNUAL RATES OF CHANCE FOR FE R IO O S
L A T E S T OATA P L O TTE B t
X

R E V IS E * FROM 1 0 70 ,

TERMINAL
MONTH

2-79

ANNUAL

IN IT IA L

3-79

4—79

5-79

6-79

1979

1980

I NO I C A TE O .

PREPAREO BY FEOERAL RESERVE BANK OF S T .

IN D U S T R IA L

2-79

J978

A U ÍU S T PR ELIM IN AR Y

CO M POUNDED

1-79

1967-100

7-79

0-79

9-79 10-79

P R O D U C T IO N
RA TES

OP

LO U IS

*

CHANCE

1967 « 100

M O N TH

11-79

12-79

1-00

2-00

3-00

4-00

5-00

6-00

7-00
152.5

4*0

3-79

6*1

6—79

-2.3

153.5

5-79

1*6

0.5

-3.1

13*5

6-79

1*6

1.0

-1.3

7.0

0.2

151.1

-5.4 -17.2

152.7
153*0

2.4

153.0

7-79

1*3

0.0

— 1.0

5.1

1.2

0.0

8-79

0*1

-0.5

-2.2

2.0

— 1.6

-3.5

-6.0

9-79

0*7

0.2

-1.0

2.6

0.0

-0.0

-1.2

4.0

10-79

0*6

0.2

-0.9

2.1

0.0

-0.6

-0.0

2*4

0.0

152.1
152*7
152.7

11-79

0*2

-0.2

-1.2

1.4

-0.5

-1.1

-1.4

0.5

-1.6

-3.1

12-79

0*6

0.0

-0.9

1*4

-0.2

-0.7

-0.0

0*0

-0.5

-0.0

1.6

1-00

0*5

0.1

-0.6

1*4

0.0

-0.3

-0.4

0.9

0.0

0.0

1.6

152.3
152.5
1.6

152.7

2-80

0*4

0.1

-0.6

1*2

-0.1

-0.4

-0*4

0.7

-0.2

-0.2

0.0

0.4

-0*8

3-80

0*1

-0.2

-0.9

0.7

-0.5

-0.0

-0.9

0.0

-0.0

-0.9

-0.4

-1.0

-2.3

6-00

-2*0

-2.4

-3.1

-1.9

-3.1

-3.7

-4.1

-3.7

-4.9

-5.7

-6.2

— 0.0 -11.0 -15.0

152.6
-3.9

152.1
-26.2

140*3
144*0

5-00

-4*0

-4.5

-5.3

-4.3

-5.7

—6 . 4

-7.0

-7.0

-0.4

-9.6 -10.6 -12.9 -16.1

-20.7

-20.0 -29.7

6-00

-5*0

-5.5

-6.6

-5.5

—6.9

-7.6

-0.2

-0*4

- 9 . 7 - 1 0 . 9 -1 2 . 0 - 1 4 . 0 — 16.0

-20.4

-25.3 -24.9 -19.6

7-00

-5.4

-6.0

—6*0

—6.0

-7.3

-0.0

—0.6

-0*0 -10.0 -ii.i

-12.1 -13.0

0-00

—6*0

-5.3

-6*1

-5.3

-6.4

-7.0

-7.6

-7*6

-0.7

-9.5

-10.2 -11.6 -13.3 -15.2

1-79

2-79

3-79

4-79

5-79

*-79

7-79

0-79

9-79

10-79

4-00

-3.0

0

3-00

-9.4

1
s

2-00

-17.3 -15.0

139.0P
6.2

140.5P

7-00

M O NTH

PRELIMINARY
RF.VTSITO FROM 1979




1-00

141.4

- 19.0 -22.4 - 21.0 -16.3 -12.0

1
*

IN IT IA L

11-79 12-79

-16.2

PREPAREO BY FEOERAL RESERVE
S E P T E M B E R 16, I N O

7

SANK OP ST*

LOUIS

P E R S O N A L
RATIO

SC A LE

ÿ

IN C O M E

MONTHLY TOTALS AT ANNUAL K A T E S

TRILLIONS OF DOLLARS

SEA N
SO ALLY A JU
O STEO '

RATIO

SCALE

T t ILL IONS OF DOLLARS
#

M M C t > ».*. DEPARTMENT Of C M K I I C E
PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIOOS INOJCATtO.
LATEST OATA PLOTTED» AUGUST PRELIMINARY
?«CfA«C* 8T FEDERAL RESERVE SANK OF ST/ LOUIS

CONPOUNOEO ANNUAL RATES OF CHANCE
TERMINAL

INITIAL MONTH

M ON TH

1-79

2-79

2-79

13*0
10*5

9*9

5-79

6-79

7-79

8-79

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

14#3

4-79

4-79

1-00

2-80

3-00

4-80

5-00

6-80

7-00

11*0

3-79

3-79

BILLIONS OF
OOLLARS
ANNUAL RATES
i*0$i»4

1»872.1
5*7

1*880.7
1*891.6

3-79

9.7

9*0

6*4

7*2

6-79

9*5

9*0

7*2

0*0

0.9

7-79

11*1

10*9

10*1

11*6

13*9

19*2

e-79

10*7

10 «5

9*8

10*9

12*1

13.0

1*905.1
1*93$.2
1*944.5

8*6

1*960.1

9-79

10*5

10*3

9*6

10*4

11*3

12.1

8*6

10-79

10*0

10*7

10*2

11*0

11 #7

12.5

10*3

11*2

13«?

11-79

11.3

11*2

10 #9

11*6

12 #4

13.1

11.6

12 #t

i U

i*.é

12-79

11*6

11*6

11*3

12*0

12.7

13.4

12.2

13.1

14*7

li.l

1^5

S7T

i»9éi^
2«005.5
2*028.3
2*046.5

1-00

11*6

11*5

11*3

11*9

12*5

13.1

12.1

12.0

13.0

13.9

12*9 “ i 3
i

2-00

11.1

11*0

10*7

11*3

11 #7

12.1

11.1

11.5

12.1

11.7

10.4

8*4

5.5

3-00

10*9

10.9

10 »6

11*0

11*4

11.7

10.8

11.1

11.5

11.1

1m
0O

8.5

7.1

4-00

10*2

10«1

9«8

10*2

10*4

10.6

9.7

9.0

10.0

9.4

0.1

6.6

5.1

4.9

1.2

5-00

9*0

9*7

9.4

9.7

9.9

10.0

9.1

9.2

9.2

0.6

7.5

6.1

4.8

4.6

2.6

4*1

6-00

9*7

9*5

9*2

0*9

9.0

8.4

7.4

6.2

5.2

5.1

4.0

5*4

9*5

9*7

0.9

9.7

2*0*5.t
2*070.0

0.7

2*072.0
2*079.0
2*090*4

6.8

7-00

10*2

10.1

9*6

10*1

10.3

10.4

9.7

9.0

10.0

9.6

0.0

0.0

7.5

7.9

7.7

9.9

12.9

19.4

0-00

10*2

10*1

9*0

10*1

10*3

10.4

9.7

9.0

9.9

9.6

8.9

8.2

7.8

8.2

8.1

9.8

11.8

14.4

3-79

*= T 9

M

0-7«. 7-7*

Z r lS

f

________

P- P

R

E

« - J 2 - 9-T9 10-79 11-79 12-79 -I-Oft. M I L .

____________________________I N I T I A L

L

I

M




I

N

A

R

Y

M O N T H __________________________________

2*121.5
9.7

2*137.9P

fcâJL 7-00

4— 80
_

________________________________________________________________________________________— -------------------------P R E P A R O BY F E D E R A L R E S E R V E M N *
SEPTEMBER IO» 1900

8

g

S U

LOUIS

RETAIL
RATIO

SALES

SCALE

B IL LIO N S

RATIO

OF DOLLARS

B ILLIO N S

SEASONALLY ADJUSTED

SCALE

OF DOLLARS

SO
URCE: U.S. D
EPA
RTM T O C M ER E
EN
F O M C
PERCENTAGES A
RE A N A RATES O C A C FO PERIOOS INOICATEO.
N U L
F H N E
R
LATEST O T PLO
A A
TTED: JULY, A G ST A V N E ESTIM
U U
D A C
ATE
PREPARED BY FEDERAL RESERVE SA K O ST. LOUIS
N
F

R E T A IL
CO HPOUNPE P

SA LES

A ffN V A l

M T E S

Q* CH AN G E

INITIAL MONTH

TERMINAL
MONTH
1-79

2-79

3-79

4-79

5-79

6-79

7-79

8-79

9-79

10-79

MILLIONS OP
DOLLARS

11-79 12-79

1-80

2-80

4-80

3-80

5-80

6-80

7-80
71,266

^ r I2 _ ^ 0 ^
3. 79

6.5

13.9

4-79

1«8

2.9

-7.1

5-79

4.3

5.9

2.1

12.1

6-79

2«7

3.5

0.3

4.2

-3.3

7-79

5*2

6.4

4.5

8.7

7.1

18*5

8-79

0.6

10.4

9.7

14« 3

15«1

25.5

32.8

17.8

19.3

27.9

32.9

9-79

11*5

13«3

10-79

8«1

9.2

11-79

72*045

J.7

71*606
72*292
72*093
73*121
74*871
32.9

76*666
75*583

8.6

11.4

11«3

15.2

14.2

5.8 -15.7

9.2

11.8

11.7

13.0

14.2

8.5

-1.9

14«1

13.7

9.4

2.5

13.1

12.1

11.4

22*2

26.4

12-79

9.Q

1 0 t0

**6

ll* t

41*8

1-80

11.5

12.6

12.5

14.9

15.2

18.2

18.1

15.4

10.8

iP t?

76*421
77*150
79.464

42.6

77*993

2-80

8.6

9«4

9.0

12.5

11.7

8.5

4.2

9.9

8.5

3-80

6.3

6.8

6.2

M .

TjlL.

8.3

7*1

3.8

-0.3

3*0

0.4

4-80

4.2

4.5

3.8

4.8

4.1

4.9

3.5

0.3

-3.7

-1.5

-4.4

3.8

2*4

-0.5

-4.0

-2*2

-4*7

-7.8 -17*3 - 1 6 * 4 -14.3

4.9

4.4

5*2

.4*7

5.4

4.3

1.8

-1.2

0.8

-0.9

-3.0 -10*1

-7*5

-2.8

8.2

2S.3

7.0

6.5

7.5

7.2

8.0

7*2

5.1

2.7

5.0

3.9

-2.7

1.2

7.5

19.3

34.8

_T*2

8*2

?♦*

1*9

¿a

3-79

4-79

5— 8 0

3.4

6-80

_ 4*6

7-110

6*5

5-79

6— 79

7-79

E S T IM A T E D

75.011
74.587

-6*6

76.001
78.394P

45.1

8-79

9-79

10-79

11-79

12-79

1-80

2-80

3-80

4-80

5-80

7-80

M O N TH

P R E L IM IN A R Y

E -

76.534
-21.4

_ 79*533*_

IN IT IA L
P -

2.8

—20.6 -20.9

:!

2-79

-8.1

1

-T - 7 9

3.7 _

6.7 -20*1
- 3 . 2 - 2 0 «2 - 2 0 * 3




_______________________________________________________________________________________________
PREPA REO

_____________ ________________ _____________ __________________________
BY

PEO CRAL

S e p te m b e r 1 1 .

9

im o

R ES ER V E

BANK

O f

S T «

L O U IS

HOURLY COMPENSATION* PRIVATE BUSINESS SECTOR
COMPOU N D E D ANNUAL RATES OF CHANGE
TERMINAL
QUARTER

INITIAL QUARTER

1967 *

iOO

1967

100

INITIAL QUARTER

OUTPUT PER HOUR OF A L L PERSONS* PRIVATE BUSINESS SECTOR
_______________ 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 __________________
INITIAL QUARTER

TERMINAL
QUARTER
3-75

4-75

1-76




2-76

3-76

6-76

1-77

2-77

3-77

4-77

1-7«

2-7$

3-7B

4-78

1-79

2-79

3-79

4-79

1-60

3-77

4—77

1-78

2-78

3-78

4-78~

1-79

2-79

3 - 7 9 ~ 4-79

«

1-80

INITIAL QUARTER

:

PREPARED BV FEDERAL RESERVE
A U G U S T 27, 1980

10

BANK OF

ST.

LOUIS

PR O D U C T IV IT Y ,
RATIO

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

AND

LABO R

SCALE

CO STS

RATIO

1967-100

SEASO N ALLY

1967-100

SOURCE:
PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIOD S
LATEST DATA PLOTTEO:

SCALE

A D JU S T E D

U .S .

DEPARTMENT OF LABOR

INOICATED.

2ND OUARTER
fREPARED BY FEDERAL RESER VE BANK OF S T .

U N IT

LABO R

CO STS#

CO M POUNDED

TERMINAL
QUARTER

P R IV A T E

ANNUAL

IN IT IA L
2 - 7 7

3 —7 5

3 —7 7

B U S IN E S S

HATES

OP

L O U IS

SECTO R

CH 4H G E

Q UARTER

4 - 7 7

1 -7 8

1 9 6 7
2 -7 6

3 -7 8

4 -7 8

1 -7 9

2 -7 9

3 - 7 9

W

t

4 - 7 5

1—
T6

1 6 5 .1

7 .2

5 * 2

3 - 7 6

6 .9

5 .5

4 - 7 6

7 .0

6 .0

7 .1

1-77

6.4

5.5

6.2

5.7

5*5

2-77

6.7

6.0

6*6

6*4

6*5

6*0

3-77

6*2

5.5

6.0

5.7

5*6

4*9

2 .f \

4-77

6.5

5.9

6.4

6.1

6.1

5*8

5.7

8.5

6.6

7.1

7.0

T*?

7.1

7.9

10.5

1-78

1 6 8 .2
6 .9

1 7 0 .7
1 7 3 .0

175.3

V^ n 7 . 0 %

178.9
180.2
183.9
1 2 ^ 5 ^

189.4

2-76

192.1

3-78

1-79

1 0 0

1 6 4 .0
6 * 9 ______2

2 -7 6

4-78

«

1 -tQ

195.2
| t . o1
t--.
J

7.5

6.7

7.0

7 .Î

T * 4

__

7 .1

7.0

7.4

8.3

8.2

6.6

7.3

? • •

7.0

1*3

8.4

9.3

9.5

8.7

9.7

11*3

r

199.0
v

14.6^«^

7.8

7.6

8.0

3-79

.• • o

7.8

4-79

8.0

7.8

• • 1

3*1

1-80

8.2

8*0

8.3

8.4

2 -8 0

6 .5

(U 3

8 .7

3 - 7 5

4 - 7 5

1 -7 6

8*2

• • I

8.0

8.1

8.8

9*6

9.8

9*3

10.2

11*4

13 *2

8.4^ „

2-79




e> \

9.0

9.7

9.9

9.5

10.2

11*2

12.2

11.1

9.6

10.0

8.8

9.5

8*6

9*1

9 .0

3 - 7 6

4 - 7 6

.

211.7
10.4

9.2

9.8

10*5

ll.l

9.6

9*8

8 .9

2

• • 4

8*6

205.9

11.8

10.1

10*7

11*3 10*5

10*1

9.1

t

H . 8 %

217.0

7 * l \ .
9 .9

221.1

1 2 .l\

227.5
2 3 5 .1

1 0 .2

1 - 7 7

2 - 7 7

1 0 .3

1 0 .1

1 0 .6

1 1 .2

1 1 .8

1 1 .2

1 1 .1

1 1 .3

1 3 .1

1 4 .0

3 - 7 7

4 - 7 7

1 -7 8

2 -7 8

3 - 7 8

4 -7 8

1 -7 9

2 -7 9

3 - 7 9

4 - 7 9

1 -8 0

INITIAL QUARTER

PREPARED BY FEDERAL RESERVE
AUGUST 27* 1980

11

BANK

ÙF ST.

LÔÜÎS

G R O S S N A T I O N A L P R O O U C T IN C U R R E N T 0 0 L L A R S
COMPOUNDED ANNUAL RATES OF CHANGE

___
BI L L I O N S OF
DOLLARS

I N I T I A L Q U A R T E R _______________
QUARTER
------------3 — 7 3

annual

*-75

1-76

2-7*

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

+-79

9 .0

1 *596*0

J I ^ 8 _ - 1 4 .7
2-76

!
*
1

3-76

1-77

1Q.3

rates

1-60

1Q.9

1 ,6 5 3 .7
7.3

9.7

9*9

7.7

8.0

9.7

9*9

8*3

8*9

9*7

10.6

11*0

10*1

11.0

12*5

15.4

1,715*8
-

1,756*1

-

1,620*2

2-77

11.0

11*3

10*6

11*5

12.6

14.1

12*6

3-77

11*1

11*4

10*9

11*6

12*5

13*5

12*5

12*1

4-77

10*8

11*1

10*6

11*1

11.7

12*3

11*2

10*4

8*7

1-76

10.6

10.8

10*3

10*7

11*2

11*5

10*5

9*7

8*5

8*4

1,876.0
1,930.5
1,971*3
2,011*3

2-78

11*4

11.6

11*3

11*8

12*4

12*6

12*3

12*2

12*2

13*9

19*8

3-78

11*4

11*6

11*3

11*7

12*2

12*5

12*1

11*9

11*9

12*9

15*3

4-78

11*6

11*8

11*6

12*0

12.5

12*8

12*5

12*4

12*4

13*4

15*1

12*8

1 4 *8

1-79

11*5

11*7

11*5

11*9

12*3

12*6

12*2

12*1

12*1

12.8

14*0

12*1

12*6

10*6

2-79

11*2

11*4

11*1

11* +

11*8

12*0

11*6

11*4

11*3

11*8

12*5

10*7

10*6

6*6

6*7

12*0

11*6

11*5

11*4

11*8

12*4

11*0

11*0

9*7

9*3

2,104*2
11*0

2,159*6
2,235.2
2± l ? 2 * i _ _
2,329*8

3-79

11*3

11*4

11.2

11*5

11*8

4-79

11*2

11*4

11*1

11*4

11*7

11*8

11*5

11*4

11*3

11*6

12*1

10*9

10*9

9*9

9*7

11.2

10*5

1-80

11*2

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

2-80

10*6

10*7

10*4

10*6

10*8

10*9

10*5

10*4

10*2

10*3

10*6

9*5

9*3

8*4

7*9

3-75

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

12*0

2,396*5

1*9
2-79

2j456*9
10*8

2.520*6

9*1

. 5*3

3 -79 ~4—79

2(521*3

1-80

INITIAL QUARTER

GROSS NATIONAL PROOUCT IN 1972 00LLARS
COMPOUNDED ANNUAL RATES OF CHANGE
T E R M I N A L ______________________
QUARTER
2-76
4-75
1-76
3-75

_ _
3-76

4-76

___________________ I N I T I A L Q U A R T E R ________
ANNUAL RAfCS
3-77
4-77
1-78
2-78
1-77
2-77

_
3-76

4-78

1-79

2-79

3-79

4-79

6I L L I 0 N S DF
POL LARS

1-80
1,227*9

+-75

2*6

1-76

6*6

10*7

2-76

5.2

6.5

2.5

3-76

4.7

5.4

2.8

3.1

4-76

4.4

4.9

3.0

3.3

3.5

1-77

5.2

5.7

4*5

5*1

6.1

8*8

2-77

5.1

5.5

4.5

5*0

5.7

6.8

4.8

3-77

5*3

5*7

4*9

5*4

6.0

6.9

5.9

7.0

1,259.5
1,267.4
1»277.1
1,268.1
1,315.7
1,331.2
1,353.9
1,361.3

4-77

5*0

5*3

4.5

4*9

5.2

5.7

4.6

4.6

2.2

1-78

4.7

4.9

4.2

4.5

4.7

4.9

4.0

3.7

2.1

1.9

5.2

4.7

4.9

5.2

5.5

4.6

4.8

4.1

5.0

2-78

5.0

1,367.8
1,395*2

6.3

3-78

4.9

5*1

4.5

4*8

5.0

5.2

4.6

4.5

3.9

4.5

5.9

3*5

4-78

4.9

5*1

4.6

4.8

5.0

5.2

4.7

4.7

4.3

4.8

5.6

4.6

5.6

4.7

4.8

4.3

4.5

4.6

4.8

4.3

4.2

3*7

4.1

4.6

3.4

3.3

2.9

1-79

1,426.6
1.1

1,430*6

-0*6

1,422*3

2-79

4.2

4.3

3.8

3.9

4.0

4*0

3.5

3.4

3.0

3.2

1.9

3-79

4*1

4*2

3.8

3*9

3.9

4*0

3*5

3.3

2.9

3.0

3*2

2*2

1.8

0.6

0*4

3*1

4-79

4.0

4.1

3.6

3*7

3.8

3.6

3*3

3.2

2.8

2.9

3*0

2*1

1.9

1.0

0.9

2*5

-2.3

1*440*3

2*0

1-80

3.8

3.9

3.5

3.6

3*6

3.6

3fi_

3.0

?t*

?t7

2t«

2.0

It*

1.0

ItP

2-80

3*1

3.1

2.7

2.7

2.6

2.6

2.1

1.9

1.5

1.4

1*3

0.5

0.1

-0.6

— 1*2

-1.0

-2.3

“ *4
4

3-75

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

” — 79
3

4—79




ill.

It*

it****?

1±2.
^9.6_

1 f4 0 8 . 6

“ -80
1

INITIAL QUARTER

PREPARED 6Y FEOERAL RESERVE BANK
S E P T E M B E R 19, 1 9 8 0

12

OF ST*

LOUIS

.

GROSS N A T I O N A L P R O D U C T
RAT 10 SCALE
QUARTERLY TOTALS AT ANNUAL RATES
RA T I O S CALE
TRI L L I O N S OF DOLLARS
SEASONALLY ADJUSTED
T R I L L I O N S OF DOLLARS
2 . 6
2
.5
2
.4
2
.3
2
. 2
2
. I
2
. 0
2
.9
. 8

.7
. 6

.5
%

. 8

.7

%

. 6

.5
.4
.3
. 2

. 0

0.9

0
SOURCE: U.S. DEPARTMENT OF COMMERCE
PERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS INDICATED.
LATEST DATA PLOTTED: 2ND QUARTER




PREPA RED

13

BY

FED ERA L

R ESER V E

BANK

OF

ST .

L O U IS

G E NE R A L P R I C E
RATIO

INDEX*

SCALE

1972
•AS USED

RATIO

1 97 3

1974

IN N ATIO NA L

1975

1976

1 977

INCOME ACCOUNTS

SOURCEt

P ERCENTAGES ARE ANNUAL RATES OF CHANGE FOR PERIODS
L A T E S T DATA P LO TTE D »

1978
U .S .

1979

SCALE

I960

DEPARTMENT OF COMMERCE

IN D IC A TE D .

2ND OUARTER
PREPARED BY FEDERAL RESERVE BANK OF S T .

LOU IS

IMPLICIT PRICE D E F L A T O R F OR GROSS NATIONAL PROOUCT
___________ 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 R N G E
T E R M I N A L ________________________ ___________
QUARTER
3-76
3-75
4-75
1-76
2-76
4-75

____
4-76

_________________ I N I T I A L Q U A R T E R __________________________________________________________ ___________ 1 9 7 2
1-77

2-77

3-77

4-77

1-78

2-78

3-78

4-78

1-79

2-79

3-79

4-79

» 100

1-80
130.14

6*2

131.30

1-76

4.9

3.6

2-76

4.8

4.1

4.6

3-76

4.8

4.3

4.7

4.8

4-76

5.1

4.8

5.2

5.4

6.1

132.79
134.35
136.34
138.34

1-77

5.2

5.0

5.4

5.6

6.0

6.0

2-77

5.6

5.5

5.8

6.1

6.6

6.8

7.7

3-77

5.5

5.4

5.7

5.9

6.1

6.2

6.2

4-77

5.6

5.5

5.8

6.0

6.2

6.2

6.3

5.6

6.4

1-78

5*6

5.6

5.8

6.0

6.2

6.2

6.3

5.8

6.4

6.3

2-78

6.1

6.1

6.4

6.6

6.8

7.0

7.2

7.0

7.8

8.5

140.93
142.59

4.8

144.82
147.05
10.7

150.82

8.9

153.45

3-78

6.2

6.2

6.4

6.6

6.9

7.0

7.2

7.0

7.6

8.0

4-78

6.4

6.4

6.6

6.8

7.1

7.2

7.4

7.3

7.8

8.2

8.8

8.7

1-79

6.6

6.6

6.9

7.1

7.3

7.4

7.6

7.6

8.1

8.4

9.0

9.0

9.3

2-79

6.8

6.8

7.0

7.2

7.5

7.6

7.8

7.8

8.3

8.6

9.0

9.1

9.3

9.3

156.68
160.22
163.81
167.20

3-79

6.9

6.9

7.1

7.3

7.6

7.7

7.9

7.9

8.3

8.6

8*9

9.0

9.1

8.9

8.5

4-79

7.0

7.0

7.2

7.4

7.6

7.8

7.9

7.9

8.3

8.5

8.9

8.8

8.9

8.7

8.4

1-80

7.1

7.1

7.4

7.6

7.8

7.9

8.0

8.1

8 .4

8.6

8.9

8.9

9.0

8.9

8.8

8.9

9.5

9.5

10.1

10.7

3-79 "4 - 7 9

1-80

2-80

7.3

7.3

7.6

7.7

8.0

8.1

8.2

8.3

8.6

8.8

3-75

4-75

1-76

2-76

3-76

4-76

1-77

2-77

3-77

4-77

1-78

9.2

9.1




2-78

9.3

9.3

9.3

3-78

4-78

1-79

2-79

_ _L?0.58_

8.3

174.48
178.99

INITIAL QUARTER

PREPAREO BY FE06RAL RESERVE
S E P T E M B E R 19. 1980

14

BANK OF

ST*

LOUIS

PERSONAL CONSUM P T I O N EXPENDITURES IN CURRENT D O L L A R S
____________ C O M P O U N D E D A N N U A L R A T E S O P C H A N G E ______________
TERMINAIL
QUARTER
*-75
4-75

|2.4

4-75

1-76

?-7*

1-71

4-74

1-77

2-77

3-77

4-77

1-70

2-70

3-70

4-70

1-79

2-79

3-79

4-79

1-00

11.»

4-7*

BILLI O N S OF
OOLLARS
ANNUAL RATES

INITIAL QUARTER

2-7*
3-74

1 f0 2 1 . 4
13*2
\*t*

10*7

1*053*0

_
7*6

1*073.7

10*4

9*1

10*4

1*100.5

4-74

11*0

10.0

10*0

11*2

1 2 *•

1-77

11*4

11*4

10*9

12*9

« •9

13.B

2-77

10*9

10*7

10*2

10*9

11*1

10*4

3-77

10.•

10*7

10*3

10*B

10*9

IB *6

9.0

10.5

4-77

11.1

11*0

10*7

11*2

11.4

11*3

10.5

12.0

13.4

1-70

10*9

10*B

10*5

10*9

11*0

10.•

10*1

11.0

11*2

9.0

2-7B

11*2

11*2

10*9

11*3

11.5

11.4

10*9

11.6

12.3

11.7

14.4

1*132.0
1*149.1
1*190.5

7.5

1*220.6
1*259.7
1*207.2
1*331.2

3-7$

11.3

11.2

11*0

11.4

11.5

11.5

11.1

11*6

12.2

11.0

13.2

11*9

4 — 70

II* 5

11*5

11*3

11*7

11.B

11.•

11*5

12.2

12.6

12.4

13.5

13.1

14*2

1-79

11*5

11*5

11*3

11*7

1 1 *B

11*6

11*5

12.1

12.4

12.2

13.0

12.5

12.0

1*369.3
1*415.4
1*454.2

11.4

1*475.9

2-79

11*1

11*1

10*9

11*2

11.3

11*2

10*9

11.3

11*5

11.1

11*6

10.9

10.5

0.7

6.1

3-79

11*4

11*3

11*2

11*5

11*4

11*5

11*3

11.0

11*9

11.7

12.1

\ U7

11.6

10.0

10.5

15.1

4-79

11*5

11.5

11*4

11.7

11.•

11.6

11.4

12.0

1 2 .2

12.0

12.4

12*1

12.2

11.7

11.7

14.7

14.3

1-BO

11*4

11.4

11.5

11. t

11*9

11.9

11.7

12*1

12.3

12*1

12.5

12*3

11*9

12*1

14*1

13*6

13*0

2-BO

10*9

10.9

10.•

10.9

11.0

10.9

10.7

11.0

11.0

10.0

11.0

10.5

10.3

9.7

9.4

10.2

0*6

5.9

-0.7

3-75

4-75

1-74

2-74

3-76

4-76

1-77

2-77

3-77

4-77

1-70

2-70

3-70

4-70

1-79

2-79

3-79

4-79

1-00

1*520.6
1*500.4
1*629*5
1*626*6

INITIAL QUARTER

P E R S O N A L C O N S U M P T I O N E X P E N D I T U R E S IN 1 9 7 2 D O L L A R S
C O MPOUNDED ANNUAL RATES OF CHANGE
----------------------------------------------------------------------------------------------------------------- B l L L l O N i O f
T E R M I N A L _______________________________________________________________________ I N I T I A L Q U A R T E R ______________________________________________________________________ D O L L A R S
ANNUAL RATES
QUARTER
1-79
2-79
1-70
3-70
4-76
3-79
4-79
2-70
1-00
2-77
3-77
4-77
3-76
4-76
1-77
2-76
4-75
1-76
3-75
791.1

4-75

6.0

1-74

7.2

0*4

2-74

6.0

6.0

007.3

...

014*5

3.6

3-74

5.7

5.6

4.2

5.0

5.7

4.0

5*4

5.0

5.2

5.7

024*0

4*7

4-76
1-77

5.9

036*4

6.2
6.2

049*2

6*3

053.1

2-77

5.3

5.2

4.5

4*7

4.7

4.0

1.0

3-77

5*2

5*1

4*6

4*0

4.0

4.4

3.4

5.1

4-77

5.6

5*5

5*1

5*4

5.5

5.3

5.0

6.6

0.2

1-70

5*1

5*0

4*6

4*7

4.7

4.4

3.9

4.7

4.4

2-70

5.1

5*1

4.T

4*0

4.0

4.6

4.3

4.9

4.0

3.2

5.6

3-70

5.1

5.0

4.7

4*0

4.0

4.6

4.4

4.9

4.0

3.7

5.2

4.0

4-70

5.2

5.2

4.9

5*0

5.0

4.9

4.7

5.2

5.2

4.5

5.7

5.0

6*0

1-79

4.9

4.0

4.5

4.6

4*6

4*4

4*2

4*5

4*4

3.7

4.4

4.0

3*7

2-79

4.4

4.2

3.9

4.0

3*9

3.7

3.4

3*6

3*4

2.6

2.9

2.3

1*4

4.0

4.0

3.0

3.5

3.7

3.5

2.9

3.2

2.0

2.3

0.8

0.9

4.9

3.0

2.7

1.6

2.0

4.5

4.2

3-79

4.4

4*3

4.0

063*7
000*9
002*7

0.0

094*0
905*3
920*3
0.7

921*0
-2.9

n s * o
925*9
935*4

4-79

4.4

4*3

4.0

4.0

4.0

3.0

3.6

3.0

3.6

3.0

3.4

1-00

4.2

4*0

3*0

3.0

3.7

3.5

3.3

3.4

3.3

2.0

3.0

2.4

Zt}

1*4

If*

3*3

3*2

2*9

2.0

2.7

2.5

2.2

2.2

1.9

1.3

1.4

0.9

0.3

-0.7

-if 0

-0.5

-2.2

-5.2 -10.5

3-75

4-75

1-76

2-76

3-76

4-76

1-77

2-77

3-77

4-77

1-70

2-70

3-70

4-76

1-79

2-79

3-79

4-79

2-00




2.3

0*5

936*5
.

9*0.6

1-00

INITIAL QUARTER

PRCPAREO BY FEOERAL RESERVE
S E P T E M B E R 19» 1 9 0 0

15

BANK

OF

ST*

LOUIS

_

GROSS P R IV A T E DONEST IC INVESTMENT IN CURRENT 0 O LLA RS
COMPOUNDED ANNUAL R A T ES O f CHANGE
t e r m in a l
quarter

B IL L IO N S Of
DOLLARS
ANNUAL R A T ES

INITIAL QUARTER
3-75

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

4-73
1-76

27.5
23.2

40.7

19.0

28.+

11.0

16.6

23.0

9.9

7.4

22.5

29.0

20.1

21.8

29.9

56.5

2-77

23.7

29.4

22.2

24.0

30.3

43.2

31.0

3-77

23.6

28.4

22.3

23.7

28.3

36.0

26.8

22.6

4-77

20.9

24.7

19.1

19.7

22.5

26.4

17.7

11.6

1.5

1-78

20.1

23.4

18.3

18.8

2 0 «9

2 3 «7

16.6

12.2

7.3

13.4

2-78

21.4

24.5

20.1

20.7

2 2 «8

25.5

20.0

17.4

15.7

23.6

34.7

Its*

22.5

18.4

18«8

20.3

22.2

17.3

14.7

12.8

16.9

18.7

4.5

19.7

22.0

18.3

18.6

20.0

21.6

17.3

15.1

13.7

16.9

18.1

10.6

17.1

18.2

19.4

15.5

13.4

11.9

14.1

14.3

8.2

10.1

1— 8 0

7.9

1-77

4-79

7.0

4-76

3-79

15«2

3-76

2-79

72.0

2-76

1-79

-5.5

3.6

4-78

203.9
233.5
241.9
2+6.0
250.7
280 .+
300.0
315.7
316.9
3 2 7 «0^
352*3
356.2
370.5

1-79

18.4

20.5

17.0

17.1

2-79

ie«9

20.8

17.6

17.8

18 «8

2 0 «0

16.5

14.8

13.7

15.9

16.+

12.2

1+.9

13.9

25.2

3-79

17.4

19.1

16.0

16.0

16.8

17.7

14.4

12.7

11.5

13.0

12.9

9.0

10.1

7.9

10.1

4-79

15.9

17.4

14.4

14.4

15.0

15*6

12.5

10.7

9.5

10.5

10.1

6.5

6.9

4.5

4.8

-4.1

-5.1

1-80

15.0

16.3

13.5

13.4

13«9

14.4

11.4

9.8

8.6

9.+

8.9

5.6

5.8

3.7

3.7

-2.6

-2.3

2-80

12.9

14.1

11.3

11.1

11.4

11.6

8.8

7.1

5.8

6.2

5.5

2.3

2«0

-0.4

-l.l

-6.8

-8.0

- 9 « + - 1 8 «4

3-75

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

373.8
395*+
-3.1

392.3
387.2
0«5

387.7
368.5

1-80

INITIAL QUARTER

G R O S S P R I V A T E D O M E S T I C I N V E S T M E N T IN 1 9 7 2 D O L L A R S
___________ 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 ________________

____________________
__________________
BILLIONS Of
T E R M I N A L ________________________________________________________________________ I N I T I A L Q U A R T E R _____________________________________________________________________ P O L L A R S
QUARTER
ANNUAL RATCS
1-77
2-77
3-77
4-77
3-78
2-76
+-76
4-79
+-75
1-76
3-76
1-78
2-78
1-79
2-79
3-79
3-75
4-78
1-80
+-75

-11.9

1-76

22.2

69.5

2-76

17.8

36.2

148.9
169.9
9.5

173.8
174.2

3-76

13.3

23.3

5.1

0.9

+-76

11.3

18.0

+.6

2.2

3.5

1— 77

15.6

22.0

12*+

13.4

20.2

39.7

2-77

16.1

21.6

13.8

1+.8

19.9

29.1

19*3

3-77

16.0

20*6

14.0

1+.9

18*7

2 + .2

17.1

15.0

+-77

13.2

16.8

10.7

10.9

13*0

15*5

8.5

3.4

-7.0

1-78

13.1

16.3

10.9

11.1

12.9

14.9

9.4

6.3

2.2

12.4

175.7
191*0
199*6
206.7
203*0
209.0
216.8

2-78

13.3

16*2

11.+

11.7

13.3

15.0

10.7

8.6

6.6

14.1

15.8

3-78

11.7

l+.l

9.7

9.7

10.8

11.9

7.9

5.7

3.5

7.3

4.8

-5.1

+-78

11.3

13.+

9.+

9.+

10.3

11.2

7.7

5.9

4.1

7.1

5.4

0.6

6.5

1-79

10.+

12.3

8.5

8.+

9.2

9.9

6.6

+.9

3.4

5.6

3.9

0.2

3.0

2-79

10.3

12.0

8.5

8.5

9.2

9.7

6.8

5.4

4.1

6.1

4.8

2.3

4.8

4.0

3-79

8.7

10.2

6.8

6.6

7.1

7.5

4.7

3.2

1.8

3.1

1.7

-1.0

0.1

—2.0

-2.7 -12.9
-5.8 -12.2

-2.8

— 2.4

-0.7

0.0

-1.4

-3.6

-3.4

-5.3

-3.3

-2.9

-4.5

-6.7

-7.0

-9.0

3-77

4-77

1-78

2-78

3-78

4-78

2.1

0.7
-1.9

2-77

5.2

5.6

5.7

1-80

6.+

7.6

+.6

+.3

+.5

4.6

2-80

4.4

5.+

2.5

2.1

2.1

2.0

3-75

+-75

1-76

2-76

3-76

4-76

1-77




-0.4

-0.4

5.5

3.1

217.2

-0.4

1.2

0.2

8.7

217.4

-4.5

1.6

7.3

+-79

214.0

221.7

8.5

214.2
207.7

-11.6

-6.4 -11.0 -10.0

— 8 t4

W t ?

-10.7 -14.9 -15.6 -17.5 -25.8

1-79

2-79

3-79

4-79

188.6

1-80

INITIAL QUARTER

PREPA REO BY FED ER A L R E S E R V E BANK O f ST « L O U IS
SE P T E M BER 19* 1990

16

GOVERNMENT PURCH ASES OF GOODS AND S E R V IC E S IN CURRENT DO LLARS
COHPOUNOEO ANNUAL R ATES OP C H A N G E __________________
TERMINAL
QUARTER
3-75
4-75

BILLIONS OF
OOLLARS
ANNUAL KATES

INITIAL QUARTER
4-75

1-76

2-76

1-77

4-76

3-76

4-77

3-77

2-77

1-78

2-78

4-78

3-78

1-79

3-79

2-79

1-80

4-79

351.5

11.3
7.7

4.2

355.1

2-76

6.0

3.4

2.7

3-76

5.9

4.2

4.2

5.6

4-76

6.5

5.3

5.7

7.3

1-77

7.2

6.4

7.0

8.5

9.9

10.9

2-77

8.0

7.5

8.1

9.5

10.9

11.8

12.8

7.7

8 .4

9.5

10.5

11.0

11.1

9.4

3-77

-® •_2 _

357.5
362 .4
370.3

9.0

380.0
391.6
400.5

4-77

8.7

8.4

9.0

10.1

11.0

11.5

11.7

11.1

12.9

1-78

8^5

8*2_

8.7

9.6

10.2

10.5

10.4

9.6

9.7

412.8
419.4

6.6

2-78

8^5

10.0

10.2

10.0

9.4

9.4

7.7

8.8

3-78

8.8

8.6

9.0

9.8

10.3

10.5

10.4

10.0

10.1

9.2

10.5

4-78

9.1

8.9

9.3

10.0

10.5

10.7

10.7

10.3

10.5

9.9

11.1

12.3

12.2

1-79

8.8

8.6

9.0

9.6

10.0

10.1

10.0

9.7

9.1

9.7

10.0

6.9

5.7

2-79

8.6

8.4

8.8

9.3

9*6

9.7

9.6

9.1

8.5

8.9

8.9

7*8

5.7

8.7

9.2

428.3
12.3

440.9
453.8
460.1
5.8

466.6

3-79

8.7

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

10.0

4-79

9.4

9.3

9.6

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

21.1

1-80

9.6

9.5

9.9

10.3

10.7

10.8

10.8

10.6

10.8

10.5

11.0

11.4

11.2

11.0

12.4

14.7

17.2

13.4

2-80

9.6

9.5

9.8

10.3

10.6

10.7

10.7

10.5

10.6

10.4

10.6

11.1

10.9

10.7

11.7

13.2

14.3

11.1

8.9

3-75

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

1-80

477.8
501.2
517.2
526.3

INITIAL QUARTER

________

_

T E R M I N A L _______________ ___
QUARTER
____________3 - 7 5
4-751-76

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 D 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 A N N U A L R A T E S O F C H A N G E ________________________________________________________ ____
BILLIONS OF
_________ __________________ I N I T I A L Q U A R T » ______________________________________________________________________ D O L L A R S
~
ANNUAL RATf^
4-76
1-77
2-77
3-77
4-77
1-76
2-78
3-78
4-78
1-79
2-79
3-79
4-79
1 - 8 0 _____________________

2-76

3-76

4-75

2.9

1-76

0.7

-1.5

___________________________________________________________________________________________ ___________ 2 6 5 . 7

2-76

-0.5

-2.1

3-76

—0.4

-1.5-1.5

4-76

-0.4

-1.2

-1.1

-0.2

-0.2

1-77

0.2

-0.4

-0.1

0.8

1.4

2-77

0.8

0.50.9

_______________ _________________________ _____________ ________
- 2 »7
— 0 . 3 _____________ _____

_____ _____ _____ ____________ ___________________ 2 6 2 . 7
262.6
2.9

__________________________

1.8

1.2

1.01.4

1.3

1.1

1-78

1.0
1.0

0.8

1.4

1.2

1.4

1.3

1.2

1.0

4.4

1.5

1-79

3.9

1.5

4-78

2.9

4 . 1 _______________

1.2

2.2
1.7

0.9

0.7

0.9

0.7

1.2

1.1

1.2

2 .2

1-80

1.3

1.2

1.4

J.-®Q

1.3

1.2

2.1

4—
75

1-76

0.3

1.4

0.5

2.0
U 6 _
1.2

1.5

1.7

2.9

1.6

__________________________________ 2 7 1 . 5

_

270.7

0.9

271.3

2.6
2.5

2.6
2.5

2.0

1.9

2.1
2.1

1.5

1.6
1.7

1.1

1.6
1.7

0.9

3.0
2.6

1.5

5.1
3.5

1.7

274.7
1 . 9 _____

0.0

_____________

-1.9_

1.3

0.9

0.4

0.2

0.5

0.4

-1.1

-2.6

1 .3

0.9

0.5

Q.3

0.6

0.5

-0.6

-1.4

-1.2

1.1

l.Q

1,3

1.4

0.7

0.4

1.2

3.5

6.0

2.0

1.9

4 -7 6

1-77

1.7

1.8

1.4
1.9

2-77

1.7

1.8

1.3

1.2

1.9

1.0

1.4

1.4

1.7

1.8

1.3

1.2

4-77

1-78

2-78

3-78

4-78

1-79

2-7*

__

273.1
277.1

3.7

1.6

3-^77

IN IT IA L

1.4

5.1

4.3_

280.0

1 . 6 _________ 3 . 1

3 -7 9

4 -7 9

3.8

1-80

QUARTER

PREPA RED 6 V F EO ER A L R E S E R V E
SE P T E N B E R 1 9 , I9 6 0

17

276.0

21».7

- 3 . 3 __________________ 2 7 2 . 4

1.5

1.4

1.7

1.8

3-76

-0.1

2.2

1.7

2-76

3.5

- 1 . 2 __________

2.3

1.8

3.4

1.4

1.8
1.7

2.7

1.3

1.2

j_,4

3—
75

1.5

2.0

0.9

4-79

1.9

2.3

0.9

3-79

1.6

2 . 0 _______ 2 . 5

267.6

_______ _______________________________________________________________ 2 7 0 . 3

1.5

2-79

264.5

4 . 8 _________________ _________________________________________________________________________________________

1.1

3-78

3.8

0.81.1

2-78

2.5

2.2

3-77
4-77




_______________________________ 2 6 4 . 7

262.9

BANK OF S T .

L O U IS

2.6

1.3

D I S P O S A B L E P E R S O N A L I N C O M E IN C U R R E N T O O L L A R S
C O H P O U N O E P A N N U A L R A T E S O F C H A N G E __________
t e r m i n a l

B I L L I O N S OF
OOLLARS
ANNUAL KATkS

INITIAL QUARTER

QUARTER
3-75

4-75

1-76

1-76

9.7

9.7

2-76

8*6

8.0

3-76

8*4

8.0

7.2

8.1

4-76

8.8

8.6

8.2

9.2

10.3

1-77

8.9

8.7

8.5

9.2

9.8

9.3

2-77

9.3

9.3

9.2

9.9

10.5

10.6

12.0

2-76

3-76

4-76

1-77

2-77

3-77

4-77

1-78

2-78

3-78

4-78

1-79

4-73

2-79

3-79

4-79

1-80
It 1 2 5 . 8

—

_ l t152*2
6.4

1*170.2
1*193.1
1*222.6
1*250.1
1*286.0

9.7

9.7

9.7

10.3

10.9

11.1

12.0

12.1

9.9

10.0

10.0

10.6

11.1

11.3

12.0

12.0

12.0

1-78

10.0

10.0

10.0

10.6

11.0

11.1

11.6

11.5

11.1

10.3

1
(M

10*2

10*3

10.3

10.8

11.2

11.4

11.8

11.8

11.7

11.5

12.7

3-78

10.3

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

10.6

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*7

10.8

10.9

11.3

11.7

11.8

12.1

12.2

12*2

12.2

12.7

12.7

13.4

2-79

10*5

10.6

10.7

11.0

11.3

11.4

11.6

11.6

11.5

11.5

11.7

11.4

11.5

10.3

7*?

3-79

10.5

10.6

10.6

10.9

11.2

11*3

11.5

11.4

11.3

11.2

11.4

11.1

11.1

10.2

8*8

9.9

4-79

10.5

10.6

10.6

10.9

11.2

11.2

11*4

11.4

11.3

11.2

11.3

11.1

11.0

10*4

9.5

10.4

10.9

1-80

10*7

10.7

10.8

11.1

11*3

11.4

11.6

11.6

11.5

11.5

11.6

11.4

11.5

11.0

10.5

11.5

12.2

2-80

10.3

10.4

10.4

10.7

10.9

10.9

11.0

10.9

10.8

10.7

10*8

10.5

10.4

9.9

9.2

9.6

9.5

3-75

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

<0

3-77
4-77

1*323.2
1*361.2
1*395.0
1*437.3
1*476.5
1*524.8
13.0

1*572.2
1*601.7
1*640*0
1*683.1
13.5

1.737*4

8 .8 . _4.JL
4-79

**7S5rf

1-80

INITIAL i UARTER
Q

OISPOSABLE PERSONAL INCOME IN 1972 O OLLARS
COMPOUNOEO ANNUAL RATES OF CHANGE
TERMINAL
QUARTER

BILLIONS OF
OOLLARS
ANNUAL RATES

INITIAL QUARTER
3-75

4-75

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

1-80
871.7

4.0
5.3

883.1

1-76

4.7

2-76

3.8

3.7

2.1

3-76

3.5

3.3

2.3

2.6

4-76

3.7

3.6

3.1

3.5

4.5

1-T7

3*4

3.3

2.8

3.1

3.3

2.1

2-77

3*8

3.8

3.5

3.8

4.2

4.1

6*1

3-77

4.2

4.2

4.0

4.4

4.8

4.9

6*3

6.6

4-77

4.4

4.5

4.4

4.8

5.2

5.4

6*5

6.7

887.7
893.4
903.3
908.0
921.5
936.3
951.8

6.8

i-78

4.2

4.2

4.1

4.4

4.7

4.7

5*4

5.1

4.4

2.0

2—78

4.2

4.2

4.1

4.3

4.6

4.6

5.1

4.8

4.3

3.0

4*0

3-78

4.2

4.2

4.1

4.3

4.5

4.5

4.9

4.7

4.3

3.4

4*1

956.6
966.1
976.2

4.2

4-78

4*4

4.4

4.3

4.5

4.7

4.8

5.2

5.0

4.7

4.2

4.9

5.3

6 .4

1-79

4.2

4.2

4.1

4.3

4.5

4.5

4.8

4.6

4.2

3.7

4*2

4*2

4.2

2.1

2-79

3.8

3*8

3.7

3.8

3.9

3.9

4.1

3.8

3.4

2.9

3.0

2.8

2.3

0.3

-1.4

3-79

3*6

3.5

3.4

3.5

3.6

3.5

3.7

3.4

3.0

2.5

2.5

2.3

1*8

0*3

—0 * 6

0.2

4-79

3.4

3*4

3.3

3.3

3.4

3.3

3.4

3.2

2.8

2.3

2*3

2*1

1*6

0*5

-0*1

0.6

1.1

1— 80

3*3

3*2

3.1

3.2

3.2

3.1

3.2

3.0

2.6

2.2

2.2

1*9

1*5

0*6

0.2

0.7

1.0

0.9

2-80

2.8

2.7

2.6

2.6

2.6

2*4

2.5

2.2

1.8

1*3

1*2

0*9

0*4

-0.6

-1.1

-1.0

-1.4

-2.6

-6.0

3-75

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—80




991.5
996.6
993.0
993*4
996.2
998.5
983^1.

INITIAL QUARTER

PREPAREO BY FE06RAL RESERVE
S E P T E M B E R 19» 1 980

18

BANK OF

ST.

LOUIS

CORPORATE P R O F IT S A FTER TAXES •
COHPOUNOEO «»NUAL R A T E S OF CHAM6E
TERMINAL
QUARTER
3-75
4-75

ttLLltt* Ö#
OOLLARS
ANNUAL RATES

INITIAL QUARTER
4-75

1-76

2-76

3-76

4-76

1-77

2-77

3-77

4-77

1-70

2-70

3-70

4-70

1-79

*-79

3-79

4-79

1-BO
00.3

11*0

1-76

35*0

64.9

2-76

23.7

30.1

2.7

3— 7 6

19.0

21.5

4.2

4— 76

15.2

16.1

3.2

3.5

1.3

1-77

17.3

10*4

9*0

11*2

14.0

20.3

2-77

17.6

10*6

11*0

13.2

15.0

23.0

91.0
91.4
92.9

5*0

93.2

f

99.2
103.7

19.4

3-77

17.2

10*0

11*5

13*4

15.4

20.5

16.0

14.2

4-77

15.4

15.9

10.2

11*5

12.7

15.0

11.9

0.3

2.6

1-70

13.3

13.5

0.3

9*1

9.7

11.4

7.6

3.9

-0.9

107.2
107.9
-4.4

106.7
122.4

2-78

17.7

IB.4

14*1

15*6

17.1

19.9

16.3

10.0

19.3

20.7

73.2

3-78

16.0

17.3

13.4

14.7

15.0

10.0

16.4

15.0

16.2

21.2

36.4

4-70

17.6

18*1

14*6

15*0

17.0

19.1

17.9

17.6

10.3

22*6

33*2

16.0

2 7 a

1-79

10.6

19.2

16*0

17*3

10.5

20.6

19.6

19.7

20.6

24.6

33.1

21.9

29.9

32.7

2-79

I*f7

17.0

14.0

15.0

15.9

17.4

16.3

15.9

16.1

10.6

23.0

13*0

16.0

10.9

3-79

17*4

17*0

15*0

16*0

16.9

10.4

17.4

17.2

17.6

19.9

24.5

16.6

19.0

16.4

9.1

20.5

4-79

16.0

16.3

13.6

14.4

15.1

16.4

13.3

14.9

15.0

16.7

20.0

12*9

14.1

11.0

4.6

11.2

124.6

7*4

132.3
142.0
-7.4

199.3

1-00

17.0

17.3

14.0

15.6

16.4

.17.6

16.8

16.5

16.0

IB.5

21.7

B * 7

17.2

15.3

11.3

10.3

2-00

10.0

10*7

0*2

0.5

0.7

9.3

7.9

7.0

6.4

6.0

0.1

U 9

1.1

-2.6

-0.5

-0.0

3-75

4-75

1-76

2-76

3-76

4-76

1-77

2-77

3-77

4-77

1-70

2—?•

3-78

4— 70

1-79

2-79

140.3
144.9

-3.7
13*3

3-79

150.0

33*0

-10.6 -25.1

4-79

-90.1

127.1

1-00

INITIAL QUARTER
♦ NATIONAL

INCONE

BASIS

PREPARED I» FEOERAL RESERVE M N K OF ST. LOUIS
SEPTEMBER 19, I M O

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 of Current Business, July 1976.
Survey of Current Business, July 1977.
Survey of Current Business, July 1978.
Survey of Current Business, July 1979.
Survey of Current Business, January 1980 (summary
tables of selected series)

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

«R A T IO S

BASED ON SEA SO NALLY ADJUSTED DATA.

SHADED AREAS R E P R E S E N T
L A T E ST

AND TRADE

DATA PLOTTED":




SOURCE:

U . S.D EPARTM ENT OF COMMERCE

P E R IO D S OF B U S I N E S S R E C E S S I O N S .

JU L Y PRELIM INARY
PREPARED

20

BY

FEDERAL

RESERVE

BAN K

OF

ST.

LO UIS

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