Full text of National Economic Trends : September 1980
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n m i o n m Economic t r e d o s 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 o f r a t e d e c re a s e . o f s h a rp 1978 o f A to th e 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 R e v is e d to s h o w 1 9 4 5 . le v e l tro u g h p e a k th is y e a r th e to in a t a b u s in e s s in th e a 2 .9 fo u rth 4 7 .5 in c e n t iv e to fu e ls f ir s t o u tp u t w ith q u a rte r fo r th e a o f a n d q u a rte r p e rc e n t ra te . re n d e rs s o m e re d u c e p r o d u c t iv it y 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 a a t e n e rg y w o rk e rs r e a l in a n d q u a rte r in o f fo u rth w o re p e a k o f th e th e 1 9 5 4 , 1 9 7 5 , to 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 2 .5 in p r io r to A u g u s t, In 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 th e 1 9 5 3 . w a s th e in ro s e r a te Ja n u a r y d e c lin e d 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 q u a rte r 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 G N P 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 r e a l a t A u g u s t, th e th e s a le s 1 1 .8 th e e x p e r ie n c e q u a rte r 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 B o th o f 1 2 .6 r a te a n p e rc e n t 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 e x c e e d s 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 p e a k fir s t in 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 s e c o n d th e o f th a t 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 a t th e o f A u g u s t, a a th e d a ta tro u g h 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 y e a r, in 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 , in c r e a s e r e la te d th is 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 MONTH 1-79 2-79 3-79 2-79 4.3 3-79 2.9 1.6 4-79 0*4 -1.5 -4.5 OF PERSONS 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 96*496 96*623 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 1.7 1.8 3.9 4.4 96*495 96*652 6.8 97*164 8-79 1.5 1.1 0.9 2.4 2.1 2.2 -2.2 9-79 2.1 1.8 1.8 3.1 3.2 3.6 2.0 6.4 97.004 97.504 10-79 1.8 1.5 1.5 2.6 2.5 2.6 1.2 2.9 -0.4 11-79 1.8 1.5 1.5 2.4 2.3 2.4 1.3 2.5 0.6 1.7 12-79 2.0 1.8 1.8 2.6 2.5 2.6 1.8 2.8 1.7 2.7 1-BO 1.7 1.5 1.5 2.2 2.0 2.1 1.3 2.0 0.9 1.4 1.2 -1.3 2-BO 1.7 1.5 1.5 2.1 2.0 2.0 2.0 1.1 1.5 1.4 0.3 1.4 1.4 0.7 1.2 0*3 0.4 0.1 -1.0 -0.9 -3.6 0.9 0.7 0.6 -0.0 0.2 -0.6 -0.7 -1.1 -2.3 — 2.6 -4.8 0.4 -0.2 -0.0 -0.8 -0.9 -1.3 -2.2 -2.5 -3.9 -4.0 -2.0 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 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 -0*6 -0.6 -0.8 -1.4 -1*4 -1*9 -1.6 -0.5 0.1 3.0 0*1 9-79 10-79 11-79 12-79 1-80 2-80 3-80 4-BO 5-80 6-60 7-BO 3-«0 1.3 1.1 1.1 4-BO 0.8 0.6 0.5 5-BO 0.6 Of4 0.3 0.7 6-60 0.3 0.0 -0.1 0.3 7-*0 0.6 0.4 0.3 0.6 0.4 6-#0 0.6 0.4 0.3 0.6 0.4 0*3 -0.2 0.0 1-79 2-79 3-79 4-79 5-79 6-79 7-79 8— 79 97.474 IN IT IA L 97.606 3.8 97.912 97.604 1.8 97.953 97.696 -6.0 97.154 96.968 96.537 96*996 97*006 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 14*3 3-79 13*9 13.5 4-79 13.5 13.1 12.7 5-79 13.3 12.9 12.6 6-79 13.3 13.1 13.0 13.1 13.7 7-79 13.4 13.2 13.1 13.3 13.6 13.5 8-79 13.3 13.1 13.0 13.1 13.3 13.1 12.8 9-79 13.4 13.3 13.3 13.4 13.6 13.6 13.6 8-79 9-79 10-79 11-79 12-79 1-80 2-80 3-80 4-80 5-80 6-80 7—BO 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 13.7 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 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 lb * 9 3-79 17.5 16.1 4-79 9.6 5.2 -4,7 5-79 3.9 -0.7 -8.2 6-79 0.7 -3.4 -9.2 -11.4 -11.2 7-79 1.9 -1.2 -5.1 -5.2 -1.9 6-79 7-79 INITIAL NONTH ----------------11-79 8-79 9-79 0 1 5 TfcRHlNAL MONTH 1967 * 100 12-79 1-80 2-80 3-BO 4-BO 5-80 6-BO 7-80 223.9 225.8 -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 iC 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 ADJUSTED 1967 « 100 INITIAL MONTH TERMINAL NONTH 1-79 2-79 12.1 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 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 SEASONALLY AOJUSTEO ' 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 11*0 3-79 13*0 14#3 4-79 10*5 9*9 3-79 4-79 5-79 6-79 7-79 8-79 9-79 10-79 11-79 12-79 1-00 2-80 3-00 4-80 5-00 6-80 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 i 3 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 10mO 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 7-00 BILLIONS OF OOLLARS ANNUAL RATES « - 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 SOURCE: U.S. DEPARTMENT OF COMMERCE PERCENTAGES ARE ANNUAL RATES OF CHANCE FOR PERIOOS INOICATEO. LATEST OATA PLOTTED: JULY, AUGUST ADVANCE ESTIMATE PREPARED BY FEDERAL RESERVE SANK OF ST. LOUIS CO HPOUNPE P R E T A IL 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 J.7 72*045 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 P R E L IM IN A R Y E - E S T IM A T E D 76.534 -21.4 75.011 74.587 -6*6 76.001 78.394P 45.1 _ 79*533*_ 8-79 9-79 10-79 IN IT IA L P - 2.8 —20.6 -20.9 11-79 12-79 1-80 2-80 3-80 4-80 5-80 :! 2-79 -8.1 1 -T - 7 9 3.7 _ 6.7 -20*1 - 3 . 2 - 2 0 «2 - 2 0 * 3 7-80 M O N TH _______________________________________________________________________________________________ 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 7.0 __ 2-79 7.8 7.6 8.0 3-79 .• • o 7.8 • • I 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 8.0 2 7 .1 7.0 7.4 8.3 8.2 6.6 7.3 ? • • 1*3 8.4 9.3 9.5 8.7 9.7 8.1 11*3 r 199.0 v 14.6^«^ 8*2 8.8 9*6 9.8 9*3 10.2 11*4 13 *2 8.4^ „ 9.0 9.7 9.9 9.5 10.2 11*2 12.2 9.6 • • 4 8.8 9.5 8*6 8*6 9*1 9*8 8 .9 9 .0 3 - 7 6 4 - 7 6 . e> \ 1 - 7 7 2 - 7 7 11.8 11.1 205.9 211.7 10.4 9.2 9.8 10*5 ll.l 10.0 9.1 9.6 10.1 10*7 11*3 10*5 10*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 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 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 1-79 2-79 3-79 4-79 1-80 1,267.4 1»277.1 1,268.1 1,315.7 1,331.2 1,353.9 1,361.3 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 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 4-78 1,259.5 4-77 5.0 3-76 6I L L I 0 N S DF POL LARS 1,227*9 +-75 2-78 _ 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 ”3 — 7 9 4—79 ill. It* it****? 1±2. ^9.6_ 1 f4 0 8 . 6 “1 - 8 0 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 4-79 130.14 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 » 100 1-80 7.3 7.3 7.6 7.7 8.0 8.1 8.2 8.3 8.6 8.8 9.1 3-75 4-75 1-76 2-76 3-76 4-76 1-77 2-77 3-77 4-77 1-78 2-78 9.2 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 11.» 4-7* |2.4 2-7* 3-74 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 1 f0 2 1 . 4 13*2 \*t* 10*7 BILLI O N S OF OOLLARS ANNUAL RATES INITIAL QUARTER 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 ... 014*5 3.6 3-74 5.7 5.6 4.2 4*7 4-76 5.0 5.7 4.0 5*4 5.0 5.2 5.7 1-77 5.9 007.3 024*0 036*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 -5.5 1-76 27.5 72.0 2-76 23.2 40.7 15«2 3-76 19.0 28.+ 11.0 7.0 4-76 16.6 23.0 9.9 7.4 7.9 1-77 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 3.6 4-78 1-79 2-79 3-79 4-79 1— 8 0 203.9 233.5 241.9 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 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 BILLIONS OF OOLLARS ANNUAL KATES INITIAL QUARTER -® •_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 _____________ _____ 3-77 1.2 1.01.4 4-77 1.3 1.1 1-78 1.0 0.81.1 2-78 1.0 0.8 1.1 3-78 1.4 1.2 1.5 4-78 1.4 1.3 1.5 1-79 1.2 1.0 1.2 0.9 0.7 0.9 0.9 0.7 0.9 4-79 1.2 1.1 1.2 262.6 2.9 __________________________ 1.8 2.5 3.8 4 . 8 _________________ _________________________________________________________________________________________ 2.2 2.9 3.9 4.4 4 . 1 _______________ 1-80 1.3 1.2 1.4 J.-®Q 1.3 1.2 j_,4 3—75 4 —75 1-76 1.6 2 . 0 _______ 2 . 5 1.9 2.3 2 .2 1.5 2.1 0.3 1.4 0.5 2.0 2.0 U 6 _ 1.2 1.2 1.5 1.7 1.8 1.7 2-76 1.7 1.8 3-76 2.7 3.4 3.5 - 1 . 2 __________ -0.1 2.2 2.9 1.6 __________________________________ 2 7 1 . 5 270.7 271.3 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 1.3 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 1.4 1.1 l.Q 1,3 1.4 0.7 0.4 1.2 3.5 6.0 1.9 1.8 4 -7 6 1-77 1.7 1.4 1.9 2-77 3-^77 IN IT IA L 1.4 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 __ 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 2.0 _____________ -1.9_ 1.3 1.7 267.6 _ 0.9 2.3 1.8 264.5 _______ _______________________________________________________________ 2 7 0 . 3 2.2 1.7 3-79 _____ _____ _____ ____________ ___________________ 2 6 2 . 7 1.5 2-79 _______________________________ 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 I N I T I A L iQ U A R T E R 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 4.0 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 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
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