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N

a t i o n a l

E c o n o m

i c

T r e n d s

Septem ber 1985
T h e
to

ta x

p r o f it a b ilit y

la w

ch an g es

in v e s t m e n t
on

th is

T h e
sh a re s

and

page

o f

sh a rp
in

th e

to

$ 7 9 .0

fir s t

h a lf

p r o fit.

th e

fo r

and

budget

1985.
th e

in v e s tm e n t

has

a llo w a n c e s .

d e f ic it s .

s a v in g

th e y

p r o fits

and

T h e

r is e n

T h is
boom

s h a r p ly

has
in

ra te

ro se

A n

in

d o m e s tic
net

b u s in e s s

s h if t

fe ll

S ta te s

and

in v e s t m e n t

T h e

w h ic h

U n it e d

in v e s t m e n t

fo r e ig n

s a v in g .

a b ro a d ,

th e

2

p e rc e n ta g e

in c r e a s e

in

th e

fro m

6 .8

6 .2

d e p r e c ia tio n .
in d ic a t e
ta x e s

a

(p a g e

o f

in

in

fro m

by

th e

net

1980,
boom

due
in

la r g e ly

d o m e s tic

w as

g o ve rn m e n t
a

r is e

f o r e ig n

in

d e t a ile d

in

1980

f e ll s lig h t ly

d e f ic it

g ro ss

in v e s t m e n t

b illio n

p o in ts

p e rce n t

sh a re

to

8 .7

is

o f

in c lu d e

In v e s tm e n t

th e

to

p r o fit

c o rp o ra te
o f

d a ta

and

show n

re d u ce s

to

fro m

T he

as

p r iv a t e

r e fle c ts

a

$ 6 .5

b illio n

$ 8 4 .7

b illio n

a re

in

p r o fit

c o rre c te d
fro m

1 .2

d e p r e c ia tio n

a c c o u n t in g
G N P ,

d if f e r e n c e

re p o rte d

p r o fit

b ecau se

d e p r e c ia tio n

G N P .

a d ju s t

co rp o ra te
th is

p e r io d

a llo w a n c e

p e rce n t

used

c o rp o ra te

not

o ve r

fo r
to

is

and

th is
3 .3

m e a su re s
c o rp o ra te

r e fle c te d

in

d e p r e c ia tio n

c o n t r ib u t io n
p e rce n t

o f

to

G N P .

a d ju s t m e n t .

S a v in g

as

a

P e rc e n t

o f

1980

G N P

F ir s t

h a lf o f

1985

in v e s t m e n t

G ro ss
N e t
G ro ss

a

in v e s tm e n t

and

$ 9 6 .3

f o r e ig n e r s

d e p r e c ia t io n

u n d is tr ib u te d

19) do

G ro ss

th e

w h ic h

W hen

r is e

in

p e rce n t

a d ju s tm e n t,"

C o m p o n e n ts

G ro ss

s in c e

sp a rk e d

p e r io d .

ro se

a fte r

in
in

b u s in e s s

in v e s t m e n t

ch an g e

a c tu a l

r is e

d e c lin e

In v e s tm e n t
sam e

th e

a

s a v in g

in c r e a s e d .
no

th a t
by

U .S .

c o n s u m p t io n

s a v in g ,

C o rp o ra te

o f

a llo w a n c e s

"c a p ita l

b u s in e s s

p e rs o n a l

o f

D e s p ite

a llo w a n c e

in d ic a t e s

o ve r

w e re

d e p r e c ia tio n

la r g e r

fin a n c e d

p ace

b u s in e s s

a llo w a n c e s
o f

o f

th e

b illio n

T h e

b e lo w
w e re

sum
in

to

b u s in e s s

d e p r e c ia tio n

m o n th .

t a b le
G N P

d ro p

d o m e s tic
b o o s te d

c o n t r ib u t e d

la s t

s a v in g — th e

o f

th a t

p r iv a t e

fo r e ig n

d o m e s tic

in v e s tm e n t

1 5 .3 %

in v e s tm e n t

0 .2

16.8%
- 3 .0

s a v in g

T o ta l g o ve rn m e n t
P e rso n a l
B u s in e s s

s a v in g

budget

s u r p lu s / d e fic it

(- )

- 1 .2

s a v in g

4 .2
(in c lu d e s

U n d is tr ib u te d
C o rp o ra te

\J

T h e

2/

In c lu d e s

n o n c o rp o ra te )!./

c o rp o ra te

1 2 .4

p r o f i t s j? /

b e lo w

in v e n to r y

th e

c a p i t a l c o n s u m p t io n

3 .3

6 .8

in c lu d e

v a lu a t io n

1 4 .4

1 .2

d e p r e c ia tio n

c o m p o n e n ts

- 3 .6
3 .4

6 .8

a d ju s tm e n t.

a d ju s tm e n t

— Jo h n

T H
F E D

E

E R A L
R E S E R V E
R A N K

o f

S E L O

U

S


v i e w s e x p re s s e d d o n o t n ecessarily re fle c t official p o sitio n s o f th e Federal R e se rve S y s te m .


A .

T a to m

----- 3BTAL CIVILIAN EHftPW H T ___
COMPOUNDfD ANNUAL R ATES OF CHANGE

TERMINAL
MONTH

THOUSANOS
OF PERSONS

IN IT IA L HONTH
1-84

2-84

2-64

3-64

4-64

5-64

6-64

7—
64

6-64

9-64 10-64 11-64 12-64

2-65

1-65

3-65

4-65

5-65

6-65

7-65
103,686

7.1

3.0

3.3

5-84

5 .5

5.0

6 .1

9 .1

6-64

4 .9

4 .4

5 .0

5 .8

2 .6

7-64

4 .1

3.5

3 .7

3 .6

1 .2

-0 .2

3.1

2.4

2 .4

2.2

-0.1

- 1 .4

- 2 .6

3 .1

2.5

2 .5

2.3

0 .7

0 .0

0.1

2.8

10-64

3.1

2.6

2 .5

2 .4

1.1

0 .7

1.0

2 .9

2 .9

11-64

3 .1

2.6

2 .6

2 .5

1 .5

1.2

1.6

3.0

3.1

3.3

3 .2

2.6

2.8

2 .7

1.6

1 .7

2.1

3.2

3 .4

3 .6

3 .9

1-65

3.0

, 2.6

2 .6

2 .5

1.8

1.6

1.9

2 .9

2 .9

2.6

2 .6

1 .*

2-85

3 .0

2.7

2.7

2 .6

1.9

1.8

2.1

2.9

3 .0

3.0

2 .9

2 .3

3 .2

2 .9

2 .9

2.8

2 .2

2 .5

3.2

3 .3

3 .4

3 .4

3 .2

4 .2

5 .0

4-85

2.8

2.5

2 .5

2 .4

1.9

1.8

2 .0

2.6

2 .5

2.5

2 .3

1 .9

2 .1

1.5

- 1 .9

5-85

2 .7

2.4

2.3

2 .3

1.7

1.6

1.8

2 .3

2.2

2.1

2 .0

1 .6

1 .6

1.0

- 0 .9

0.2

6-65

2.1

1.8

1.7

1.6

1.1

0 .9

1.0

1.4

1.2

1.0

0 .7

0 .2

-0 .9

-2.8

- * .2

-6 .4

7-85

2 .3

2.0

2 .0

1.9

1.4

1.3

1.4

1.8

1.7

1.5

1^

1 .6

6 .9

0 .4

-0. 7

-6 .3

— .5 " 5 7 7
0

8-65

2 .4

2.1

2.1

2 .0

1.5

1.4

1.6

1.9

1.8

1.7

1 .6

1 .3

l.i

0.9

~ 6 .1

6 .6

6.8

A .6

3 .5

1-84

2-84

4-64

5-64

6-64

7-84

8-64

9-84 10-64 11-64 12-64

1-65

2-65

3-65

4-85

5-65

6—
65

7-65

1

2.7

*
C
O
1
0
0

4 .9
4 .4

o
o

104,123

3-84
4-64

9-84

12-64

3-65

104,402
105,162

2 .2

10$,*91
105,377
105,146
165,394
105,649

-

105,932
l 6 6 , 27*
106,391
106,665

3 .4

107,119
106,945
106,966
106,376
106,862
167,172

IN IT IA L HONTH

___________PAYROLL EH PLO YM EN T _______
COMPOUNDED ANNUAL RATES OF CHANGE
TERMINAL
MONTH

IN IT IA L MONTH

-y -7 T-------:— —----- - — —----- T
T
—— ------:— —----- =——------ :— r - ----- -

1-64

2-64

2-64

3-64

4-64

5-64

6—
64

- .----- ^

7-64

3

v ,— =- — z":— i

8-64

THOUSANDS
Of PERSONS
a m 3 ~ f5 “ 1— n "5 - 7TW----- ; m
'—
-7=S52-S5----- xH r * -----4H*5-----*— 5 5 " 6-65----- a» --------------------------------

1

--------------------------------- — 3 -----a
n

9-84 10-64 l l- « 4

12-84

1-85

93,115

6 .8

93t 367

3-64

5 .2

3.6

4-84

4 .9

4 .0

4 .4

93,725

5-64

4 .6

* .8

4 .0

93,996

> 3.9

6-84

4 .5

7-64
6-64

4 .3

3 .9

4 .1

” 4 7 5 " " 3 .9

“ 4 .4 "

4 .6
3 .9

T rr~

94,317

579'
3 .6

4 .0

3.9

3 .9

3 .8

4

9 4 ,6 1*
94» 693
95,238

9-84

4 .*

i.9

4 .6

i.9

4.6'

476 '

4 .6

4 .5 “

16-64

4 .*

4 .0

4 .0

4 .6

4 .1

4.0

4 .1

4 .4

4 .3

11-64

4 .3

4.0

4 .0

4 .0

4 .0

4.0

4 .1

4 .2

471

3.9

95,573
95,662
96,092

12-64

4 .1

3.6

3 .9

3 .4

* .6

}.6

3 .6

3 .6

373

2 .7 “

1-85

4 .1

i.9

3 .*

3 .9

3 .9

3 .6

3 .9

* .8

3 .6

3 .4

4 .2

2-85

4 .0

3 .7

3 .7

* .7

* .7

* .6

3 .6

375“

3 .4

3*2

3 .0

3 .2

94,419' "
96,591

772

9 6,910

3-65

4 .0

3 .6

3 .6

i.i

3 .7

¿ .7

s :7

3 .7

* .5

3 .4

3 .3

3 .4

3.1

4 .0

4-85

3 .9

3 .7

3 .7

3 .6

3 .6

5 .6

y .i

T . r

5 .4

3 .3

3. 1

* .2

279

3 :3

2 .4

5-65

3 .9

3 .7

3 .7

3 .6

3 .6

* .6

3 .6

3 .6

3 .5

3 .3

3.2

3 .4

372 “

3.1

3 .2

3 .6

6-65

3 .7
'4
% .1

3.5

3 .5

3 .4

* .4

* .3

3.3

3 .3

3 .1

3.6

1 .9

2 .9

2 .6

2 .6

“~2.3

2 .2

0 .6

7-65

3.5

3 .5

3 .4

3 .4

S .3 ~ 3 . T

3.3

1 .1

3.0

2 .9

2 .9

2 .7

2.8

2 .5 "

2 .5

"179"

'3 : t "

6-65

* .6

S .5

3.5

J.4

J.4

* .3

3 .3

3.3

3 .2

3.1

3 .0

3 .0

2 .8

3 .0

~ ?rr~

2 .8 '

"2 .4

3.4

3*6

1-64

2-64

3-64

4-64

5-64

4-64

7-64

6-64

9-64 10-64 11-64 12-64

1-65

2-65

3-65

5-65

6—
65

7-65

97,120

4-65

97,421
97,473
97, IZZV
¥6,011»'

I N I T I A L MONTH
P - P R E L IM IN A R Y




PREPA RED B Y F ED ER A L R E S E R V E BANK OF S T . L O U IS

sfPTt w iir g r i w -------------------------------

2




EMPLOYMENT
RATIO

SCALE

MILLIONS

1977

OF

RATIO
PERSONS

1978

SEASONALLY ADJUSTED

1979

1980

198!

MILLIONS

1982

1983
SOURCE:

PERCE NTAOES ARE ANNUAL RATES O f CHANCE F M
LA T ES T BATA P LO TTE D .

FE R I O f t

1984

OF

SCALE

PERSONS

1985

V .S .D E P A R T M E N T OF LABOR

I M t IC A T E D .

A B O W T P R EL IM IMARY
PREPARED BY FED ER A L R ESERV E BANK OF S T .

UNEMPLOYMENT
PERCENT

S E A S O N A L L Y

L O B IS

RATE

A D JU S T E D

PERCENT
2 .0

.

1 I

I I .0

10.

1 0 .0

9.

9.0

8

.

8 .0

7

.

7.0

6 .

5

6 .0

.

5.0

4.

4.0
1977

1978

1979

1980

1981

1982

1983
SOORCEt

U .S .

1984

1985

DEPARTMENT O f LABOR

PERCEN T O f C l V I L I AM LABOR FORCE
LA T E S T BATA PL O T T E B t

ABOOST

PREPAREO BY FEDERAL RESERVE B A M OF ST. L0ÖIS

3

C O N S U M E R P R ICE INDEX FOR ALL URBAN C O N S U M E R S * S E A S O N A L L Y A D J U S T E D
_____________________ CQMP01iffl?EQ__A N N U A L R A T E S O F C H A N G E _____________________
TFRMINAL
-JL-flA__ 2rfl4__ 3-64
_2-a4

1967-100

INITIAL MONTH

4 -8 4 __ f c M __ 6~S4__ _______ fl-8 4 .. 9 - & ^ 1Q-A4 11-34 12-04_ 1 -03__ 2rfi5__ 2=£2__ 4~fl3_ ______________ Z = & 5 _
_
_

3
Q7*Q

_
- 4 A a________________________________________________________________ _____________________________________________________________________________ _

3-fl4_

3 7t?
Q

-.4^2

- 4 * 5 ____4 * 4 ____5 ^ 2 _

?0 9 r¿
3 fl£ »7

3 ^ 9 _____ 3 L ^ _____ __________ Z * Q

311*3

7-84

3 .6

3 .4

3 .3

2 .7

3 .1

3 .9

8-84

3*8

3 .7

3 .7

3 .3

3 .8

4 .5

5 .1

9-84

3 .9

3 .8

3 .8

3 .5

3 .9

4 .5

4 .7

4 .3

31 2 .6
3 1 3 .7
31 4 .6

10-84

3 .9

3 .7

3 .8

3 .5

3 .8

4 .2

4 .3

3 .9

3 .5

11-84

3 .7

3 .6

3 .6

3 .3

3 .6

3 .8

3 .8

3 .4

2 .9

2 .3

12-84

3 .6

3 .5

3 .5

3 .3

3 .5

3 .7

3 .7

3 .3

3 .0

2 .7

31 5 .2
3 1 6 .0

3 .1

3 1 6 .6

1-85

3 .5

3 .4

3 .4

3 .2

3 .4

3 .5

3 .4

3 .1

2 .0

2*6

2 .7

2 .3

2-85

3 .6

3 .5

3 .5

3 .3

3 .5

3 .6

3 .6

3 .3

3 .1

3 .0

3 .2

3 .3

4 .2

3-85

3 .7

3 .7

3 .7

3 .5

3 .7

3 .8

3 .8

3 .6

3*5

3 .5

3 .9

4*1

5 .0

4-85

3 .8

3 .7

3 .7

3 .6

3 .8

3 .9

3 .9

3 .0

3 ,7

3 .7

4 .0

4 .2

4 .9

5 .2

4 .6

5-85

3 .7

3 .7

3 .7

3 .5

3 .7

3 .8

3 .8

3 .6

3 .6

3 .6

3 .8

3 .9

4*3

4*3

3*6

2*7

6-85

3 .7

3 .6

3 .6

3 .5

3 .6

3 .7

3 .7

3 .5

3*5

3* 5

3 .6

3*7

4*0

3*9

3*3

2*7

2*6

7-85

3 .6

3 .5

3 .5

3 .4

3 .5

3 .6

3 .6

3 .4

3 .3

3.3

3 .4

3 .5

3 .7

3-6

3 .0

2 .5

2 .5

2 .3

8-85

3 .5

3 .4

3 .4

3 .3

3 .4

3*5

3 ,5

3*3

3 .2

3* 2

3 .3

3*3

3*5

3 .4

2*9

2*5

2*4

2*3

2*3

1-84

2-84

3-84

4-84

5-84

6-84

7-84

8-84

9-84

1 0 -8 4

11-84

12 -8 4

1-85

2-85

3-85

4-85

5-85

6-85

7-85

INITIAL

3 1 7 .7
3 1 9 .2

5 .0

3 2 0 .4
3 2 1 .1

PRICE

INDEX,

FINISHED

3 2 2 .4
323*0

M O NT H

P R E P A R E D BY F E D E R A L
SEPTEMBER 2 4 , 1985

PROOUCER

3 2 1 .8

GOODS

-

SEASONALLY

RESERVE

BANK

OF

ST.

LOUIS

ADJUSTED*

COMPOUNDED ANNUAL RATES ÔÉ Ch a n g é
IN IT IA L MONTH

TERMINAL
MONTH
1-84

2-84

3-84

T
<
M

4 .9

3 .4

3 .4

6-84

7 —8 4

6 .4

4-84

5-84

4-64

10-84

1967

12-04

11-84

1-85

¿^r

4^85

3-85

5-03“

6 —8 5

«

100

7-85

3 .4

3-84

4-84

8-84

0 .4

2 9 0 .0
2 9 1 .5

791Y¿

5-84

2 .1

i.T

—0 . 6

-1 .6

6-84

1 .7

1 .2

-0 .4

-0 .8

0 .0

7-84

1 .8

1 .5

0 .3

0 .3

1 .2

2 .5

29172

29172 "
2 9 1 .8

8-84

1 .2

0 .8

-0 .2

-0 .4

0 .0

0 .0

- ¿ .4

9-84

1 .0

0 .7

-0 .2

-0 .3

0 .0

cr.o

-1 .2

0 .0

10-84

0.8

0 .5

-0 .3

-0 .4

—0 . 2

—0 . 2

-1 .1

-0 .4

—0 . 8

11 -8 4

1 .2

0 .9

0 .3

0 .2

0 .6

0 .7

0 .2

l . l

1 .7

4 .2

12 -8 4

1 .1

0 .8

0 .2

~ 5 .2

0 .5

0
J!>

0 .2

0 .8

1 .1

2 .1

0 .0

1-85

0 .9

5 .7

0 .2

0 .1

0 .4

074

0 .1

0 .6

0 .7

1.2

^ 0 .2

2-85

0 .9

0 .7

0 .2

0 .2

0 .4

0 .5

0 .2

0 .6

0 .7

1 .1

0 .1

29 1 .2
2 9 1 .2
2 9 l> o
2 9 2 .0
2 9 2 .0
2 9 1 .9

—0 . 4
0.2 ~

0 .8

2 9 2 .1

3-85

0 .9

0 .8

0 .3

0 .3

0 .5

0 .5

0 .1

0 .7

0 .8

1.2

0 .4

0 .5 ~

1 .0

172

4-85

1 .2

1 .1

0 .7

0 .7

0 .4

1 .0

0 .8

1 .2

1 .4

1.8

l.S

1 .7

2 .5

3.1

5 .0

5-85

1 .3

1 .2

0 .8

0 .8

1 .0

1 .1

1 .0

1 .4

1.5

1.9

1 .5

1 .8

2 .4

2.9

3.8

'

2 9 2 .4
2 9 3 .6

2 .5

2 9 4 .2

6-85

1 .0

0 .9

0 .5

0 .6

O.T"

0 .8

0 .6

0 .9

1 .1

1.3

0 .9

1 .0

1 .3

1.4"

1.5

- 0 .2

-2 .3 “

7-85

1 .2
-„ 7

1 .1

0 .7

0 .8

0 .9

1 .0

0 .9

1 .2

1 .3

1.6

1 .2

1 .4

T77

17 9“

Z .l

"T .l

0 .4

3 .7

Ô -85

0 .9

0 .8

0 .5

0 .5

0 .6

0 .7

0 .5

0 .8

0 .9

1.0

0 .7

-0 .8

'0 . 9

i.O

0 .9

-0 .1

-0.9

0 .0

—3 . 6

1-84

2-84

3-64

4-84

5-84

6—8 4

7-84

8-84

9-84

10 -8 4

11-84

12 -8 4

1-85

2-85

3-85

4-85

5-85

6-85

7-85

INITIAL
♦DA T A

FOR

FOUR

■

2 9 3 .5
2 9 4 .4
2 9 3 .5

MO NT H

MONTHS AGO R EVISED TO REFLECT LATE REPORTING




P R E P A R E D BY F E D E R A L R E S E R V E B A N K O F S T . L O U I S

SEPT BER 13, TT V * ---------------------EM

4




R A TIO

SCALE

P R

I C E S

1967-100

R A TIO

SCALE

1967-100

C N M PRICE I N EX BEGINNING JANUARY 1 78 IS FO ALL U N CO
O SU ER
O
9
R
RBA
NSUM (CPl-0).
tRS
CPl-U D T BEGINNING 1
AA
083 INCO RATE A RENTAL EQUIVALENCE M
RPO
EASURE FO H M O ttfR 1 COSTS.
R O C W SH P
PERCENTAGES ARE A N A RATES O C A G FO PERIODS INDICATED.
NUL
F HNE R
LATEST D TA PLOTTED. A0G ST
A
U
PREPARED BY FEDERAL RESERVE BA K O ST. LOUIS
N F

RATIO

SCALE

1967-100

PRODUCER

P R IC E S

SEASONALLY ADJUSTED

RATIO

SCALE

19 67 -1 00

PERCENTAGES ARE A N A RATES O C A G FO PERIODS INDICATED.
NOL
F HNE R
LATEST D T PLOTTED: A G ST
AA
UU

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

5

PR D C PRICE INDEX, FINI^IED C N M FO O - SEASONALLY ADJUSTED*
O U ER
O SU ER O S
“
C M O N ED A N A RATES O C A G
OPUD
NUL
F HNE
TERMINAL
M O NT H

i n i t i a l

1-84

2-84

3-84

4-84

5-84

6-84

7-84

8-84

9-84

I 9 6 ‘r - X t f ( 5 —

monTh

11-84

10-84

12-84

“T-b T

5-S5'

"4 - 8 3 “

R 5

■£-85

7-&r
2 t3 .0

2-84

2 .7

3-84

7 .5

1 2 .5

275.7

4-84

0 .4

- 6 .7 - 1 2 . 3

27l2 . 7

5-84

- 2 .2

- 3 .8

- 1 1 .0

- 9 .7

6-84

- 1 .8

- 2 .8

- 7 .5

- 5 .0

0 .0

7-84

1 .5

1 .3

- 1 .5

2 .7

4 .4

8-84

0 .9

0 .6

- 1 .6

1.2

5 .1

7 .8

- 3 .0

9-84

0 .6

0 .3

- 1 .7

0 .6

3 .4

4 .5

- 2 .4

- 1 .*

0 .2

2 .3

2 .9

- 2 .2

-17 7

- 1 .7

270.4
270.4
274.5

1 9 .8

275.8
275.4
2 7 3 .0

10-84

0 .3

0 .0

- 1 .7

11-84

0 .9

0 .7

- 0 .7

l.l

3 .1

3 .7

0 .0

1 .0

2 .4

6 .8

12-84

1 .3

1 .1

0 .0

1 .6

3 .5

3 .9

1 .0

2 .0

3 .3

5.4

479

1-85

0 .7

0 .5

— .6
0

0 .8

2 .2

2 .5

—0 . 1

0 .4

1 .0

1 .9

— .4
0

2747?
2 7 5 .6
—5 . 5

2 7 4 .3

274.6

1.3

0 .7

0 .6

- 0 .4

0 .8

2 .1

0 .1

0 .6

“ 1 .1

I.*

6 .1

0 .3

0 .2

-0.8

0 .3

1 .4

1 . 5 “ - 0 .5

- ff.2

0 .1

0 .4

-1 .1

"-"3.0 “ ^ r . T “ — .7
4

4-85

- 0 .4

— . 6
0

-1 .6

-0 .6

0 .2

6 .3

- r .5 ~

- 1 .5

-1 .5

- 3 .0

—4 . 9

- 4 .7

—7 . 6

- 1 0 .4
-11". 3 - 1 2 .r

2-85

w
\
1
ro

C
O

-177'

- 2 .2

275'. 5
2 7 1 .0

5-85

- 1 .2

-1 .4

-2 .4

-1 .6

- 0 .9

- 0 .9

-2 .8

-2 .8

= 2 .9

- 3 .1

— .6
4

—6 . 4

—6 . 6

-9 .1

6-85

- 1 .2

- 1 .5

- 2 .3

- 1 .6

- 0 .9

- 1 .0

- 2 .T

- 2 .7

- 2 .8

-279"

- 4 .2

- 5 .7

- 5 .7

—7 . 4

- 8 .2

7-85

- 6 .3

- 6 ". 5

- 1 .5

— .5
0

0 .2

0 .2

- 1 .2

- r r r

- 1 .0

-0 .9

- 1 .9

- 2 .8

- 2 .3

—3 . 0

—2 . 6

8-85

- 0 .7

- 6 .4

- 1 .7

- 1 .6

- 6 .4

'. 4

- 1 .8

- 1 .7

= 1 .7

- 1 .7

- 2 .6

—3 . 5

- 3 .2

= 3 7'9

^3.7

1-84

2-84

3-84

4-84

5-84

6-84

7-84

8-84

9-84

10-84

11-84

12 -8 4

1-85

2-85

3-85

IN IT IA L

*6ATa Tdk R50ft

"

26571
2 6 7 .7

- 1 .8

- 7 .1

6 .9

1 6 .4

- 2 .0

1 .7

3 .4

-fl.l

4-85

5-85

6-85

7-85

0. 1

2 7 1 .1
2 6 9 .2

MONTH

t e i T A E m E b TO REFLECT- LATE RETOATTT«

NtOOUCH PRICE INDEX, FINISHED GOODS* EXCLUDING FOODS - SEASONALLY ADJUSTED*
----------------------C M U D D ANNUAL RAtfT'O* ¿HANGE------------------------------------------O PO N E
TERM
INAL

INITIAL NONtH
1-84

2-84

3—
64

4-84

5-84

6-84

7-84

8-84

1967 « 100

9-84 10-64 11-84 12-04

1-85

2-#*

3-»

4-ei

5-85

6-85

7-85
293.4

2-84

4 .2

3-84

4 .4

4 .6

4-84

4 .4

V .T

4 .6

294.5
295.6
295.9

5-84

3 .6

3 .5

2 .9

1.2

6-84

2 .9

2 .6

1 .9

0 .6

0 .0

7-84

2 .0

i.£

0 .8

- 0 .4

- 1 .2

295.9
295.3

- ¿ .4

294.8

8-84

1 .4

1.0

0 .2

-0 .8

- 1 .5

- 2 .2

- 2 .0

9-84

1.3

0 .9

0 .3

- 0 .6

- 1 .0

- 1 .3

- 0 .8

074”

10-84

1.1

0 .7

0 .2

- 0 .5

- 0 .9

- 1 .1

- 0 .7

0 .0

1 4 4 .9 "
294.8

— .4
6

295.6

11-84

1.3

1.0

0 .6

0 .0

- 0 .2

- 0 .2

0 .3

1.1

1 .4

3.3

12-84

1.0

0 .7

0 .3

- 0 .2

- 0 .4

— .5
0

- 0 .1

0 .4

6 .4

0.8

- 1 .6

1-85

1.1

0 .8

0 .4

0 .0

-6.1

-0 .2

6 .1

0 .6

6 .6

1.0

— .2
0

295.2
1.2

295.5
295.6

2-85

1.0

0 .7

0 .4

0 .0

— .1
0

- 0 .2

6 .2

0 .5

6 .6

0 .8

0 .0

6 .8

3—
#5

1 .2

1.0

0 .7

0 .3

0 .2

6 .3

6 .6

1.6

1 .1

1.4

0 .9

1.8

2 .0

3 .7

4-85

1.8

1.6

1.4

1.1

1.1

1.2

1.6

2 .1

2 .3

2.8 "

¿77"

5 .8

4 .7

6 .4

5-85

2 .1

2 .0

1.8

1 .6

1.8

2 .2

2 .7

5 .0

5.5

3 .5

4 .5

" 5 .4 “

6-85

1.8

1 .7

1 .*

1.2

1 .2

1 .4

1.7

2 .1

2 .3

2.6

¿71“

3.2

1 .7 "

1 .6

1.4

1.2

172"

1.2

1.6

1 .4

2 .0

2.3

272"

2 .7

1 .5

1 .4

1.2

1.0

0 .9

1 .0

1.3

1 .6

1 .7

1.9

1 .7

1-84

2-84

3-84

4-84

5-84

6-84

7-64

8—
84

" 7-85
8-85

0 .4

296.5

7 .T T

8.5

5 .6

4 .4

4 .7

5 .6

5 .5

5 .5

2.1

2 .3

2 .S"

2 .4

9-84 10-84 11-84 12—
84

1-85

3-89

IN IT IA L

2-85

¿ 4 8 .4

16.2

” 566.7

7 .5
2 .0

¿9 9 .9

-3 .1

" 1 . 5 " “ 1 #6

0 .0

0 .5

- 1 .7

- 1 .0

- 2 .0

4-85

5-85

6-85

7-85

299.9
299.4

MONTH

•Oa Ta fOR POuft ^Cf^TViS- a5 0 “R EV!5 E6 TO- REFLECT LATE REPORT I MG--------------




PREPA RED BY F ED ER A L R E S E R V E BANK OF S T . L O U IS

SEPTEMBER 13, 1953 ---------------------------- —

6

N D U S T R I

RATIO

A L

P R O D U C T I O N

SCALE

RATIO

SCALE

1 9 7 7- 1 00
140

SEASONALLY ADJUSTED

1 9 7 7 - 1 0 0

135
130
125
120

I 15

1 10

105

100

95

90

85
1977

1978

1979

1980

1981

1982

1983

1984

1985

PER TAG A E A N A RATES O C A G F R PERIODS IN 1CATEO.
CEN ES R N U L
F HNE O
O
LATEST D T PLOTTED» A G ST PRELIM
AA
UU
INARY
PREPARE© B FE ER RESERVE B N O ST. LOUIS
Y O AL
AK F
INDUSTRIAL PRODUCTION
COMPOUNDED ANNUAL MTÉS Of
------------------ in it ia l nònth----------------------

TERMINAL
MONTH
4-84

5-84

6-84

7-84

8—
64

9-44

*
?

3-84

I

2-84

*

1-8*

12-84

" R

t - è 5 " 2 -85

4-85

5-è5

T

T

T

W

6-é5
114.3

2-84

9 .5

3—
84

8 .9

4—
84

8 .6

7 .3

4 .2

5-84

7 .5

4 .9

4 .1

4 .1

6-84

8 .1

7 .7

7 .5

8 .2

120.1

8 .4

120.7

T21.3
122.3

10.4

123.2

T-*4

8 .3

8 .6

T .*

8 .5

9 .8

9 .2

8-84

7 .5

7 .2

4 .9

t .r

7 .5

4 .0

3 .0

♦ 84
—

4 .3

5 .8

5 .4

* .2

5 .0

3 .3

0 .*

- 1 .9

123.5

16-64

4 .9

4 .3

3 .7

3 .3

2 .4

1*6

- 1 .4

-3 .8

11-64

5 .1

4 .4

4 .1

3 .9

3.5

* .* -

6 .5

4 .5

4 .0

3 .4

3.*

2 .8

1.4

o . r - -6 .5

122.7

— .T
5

-6 .3

12-64

123. 3

T l
é .é

123.4

3 .6

123.3

- 1 .6

1-85

4 .4

3 .9

3.5

3.2

2 .#

i.*

* .r

* .2

3.6

1 .6

3.«

2-65

4 .1

3 .7

3 .3

3 .6

2 .4

l.T

O .f

* .f

2.5

1.«

2.»

1 .0

3-65

4 .6

3 .4

3 .2

3 .6

2 .T

1 .4

r.< r

6 .T

1 .1

2.4

1 .5

r r

2 .0

4— *
6

3.4

3 .4

3.1

271"

* .*

1 .«

i^ ~

1.1

5-65

3 .4

i.i

i.é

2. 4

2.3

U

4— 6 5

*. 4

3 .2

2 .9

2.4

2.4

l.T

i.i

T—
65

3 .4

3 .6

2 .7

2 .4

2 .2

1.4

* .* "

3 .1

2 .7

2 .*

2 .3

l.T

1-64

2-64

3-84

4-64

5-64

4-64

123.6

L23.T
124.0

2 .9

2.3

1 .4

2.4

1 .4

2.0

1.0

I T

2.6

1.1

r74

1 .2

T73

* .r

6.6

*.♦

T .F

2.1

1 .4

I7 r

T7 6 T

l.T

1.3“

1 .5

1.6

0 .8

1 .1

1.9

1 .2

1.5

1.3

1.4

1.0

r.T-

1.1

1.3

2.1

1 .1

l.i

1 .7

1.8

l.T“

1-65

2-65

* .T

“ 4
*.

7-64

6-64

9-64 16-64 11-64 12-64

3-65

124.1
124.1

2.f"

124.4

124.4P

1 .0

1.5

6.6

T .r

2 .3

1.9

3 .9

4-65

5-85

4-65

7-65

124.8P

IN IT IA L MONTH

PRELIMINARY




PREPA RED BY FE D E R A L R E S E R V E BANK OF S T .

L O U IS

SfcFTE H B m 13, 1985------------------------------

7

P E R S O N A L

R A T 10

SCALE

TRI L L I O N S
3.

I N C O M E

MONTHLY TOTALS AT ANNUAL RATES

OF

SEASONALLY ADJUSTED

DO L L A R S

RATIO

TRILLIONS

OF

SCALE

DOL L ARS
3.5

2.
2.
2 .0

2 .
I .

.9

I .

.8

I .

.7

1 .

.6

I .

.5

I .

.4

I .

.3

I

.
1977

1978

1979

1980

1931

1982

1983

1984

1985

SOURCEt U.S. DEPARTM
ENT O C M ERCE
F O M
PERCENTAGES ARE A N
N UAL RATES O CH
F
AN
GE FOR PERIODS INDICATED.
LATEST D
ATA PLOTTED» AUGUST PRELIMINARY
PREPARED BY FEDERAL RESERVE BAN O ST. LO 1
K
F
U 4

CO M PO UND ED

P E R S O N A L INCO M E
A N N U A L R A T E S OF

CHANGE
61LLIONS

INITIAL

TERMINAL
M ONT H

MO NTH

ANNUAL
1-84

2-84

3-84

4-84

5—8 4

6-84

2-84

9 .3

4-84

1 0 .2

9 .6

8 .7

7 .8

8 .1

9 .3

8 .8

9 .3

7 .9

9 .2

8 .8

9 .2

8 .2

10 .3

11-84

11 .7

7-84

10-84

4 .2

6-64

9-84

12 .0

5-84

8-84

12 -8 4

1-85

2-85

3-85

4-85

5-85

6-85

RATES

7-65

1 1 .4

3-84

7-84

OF

DOLLARS

8 .8

2 ,9 2 3 .5
7 .2

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

8-84

8 .9

8 .5

8 .8

8 .0

9 .3

8 .1

7 .4

9-84

9 .0

8 .6

8 .9

8 .3

9 .3

8 .5

8 .3

9 .2

10 -8 4

8 .5

8 .1

8 .2

7 .6

8 .3

7 .4

7 .0

6 .8

4 .4

1 1 -8 4

8 .3

8 .0

8 .1

7 .6

8 .1

7 .4

7 .1

7 .0

5 .8

7 .3

1 2 -8 4

8 .1

7 .8

7 .8

7 .3

7 .8

7 .1

6 .8

6 .6

5 .6

6 .5

5 .7

1-85

8 .0

7 .7

7 .7

7 .3

7 .7

7 .1

6 .8

6 .7

6 .1

6 .6

6 .3

6.4

2-85

7 .9

7 .6

7 .6

7 .2

7 .6

7 .0

6 .8

6 .7

6 .2

6 .6

6 .4

6 .8

¿ .6

3-85

7 .6

7 .3

7 .3

6 .9

7 .2

6 .7

6 .4

6 .3

5 .8

6 .1

5 .8

* .è

5 .3

4-65

7 .9

7 .6

7 .6

7 .3

7 .6

7 .2

7 .0

6 .9

6 .6

7 .0

6 .9

7 .2

3,S5è.'3
3 ,0 7 9 .3

3,647:5
3,111.0
*,1*4.2
3 ,146.6
4 .0
7 .6

3 ,1 5 6 .2
1 1 .4

3 ,1 0 4 .7

5-65

6 .8

6 .5

6 .5

6 .1

6 .2

5 .7

5 .4

5 .2

4 .7

4 .7

4 .3

4 .0

3 .3

¿ .à

1 .4

-7 .6

6-85

6 .7

6 .4

6 .3

6 .0

6 .1

5 .6

5 .3

5 .1

4 .>

4 .7

4 .4

4 .1

3 .6

2 .9

2.5

— 1.7

4 .6

7— 85

6 .6

6 .3

6 .3

£ .9

6 .0

5*6

5.4

5 .2

4 .*

4.è

4 .5

4.3

3 .4

3.4

3.2

0.6

5.0

5 .5

5 .2

5.0

4 .t

4 .7

4 .4

4.2

3.1

3 .4

3.3

1.3

4 .5 " 4.5

3.5

6-84

7-84

8-84

9-84

10-84

11-84

12 -8 4

1-85

2-85

3-85

4-05

6 —8 5

^,U3.V

7-85

6 .5

6 .2

6 .1

5 .8

1-84

8-85

5 .9

2-84

3-84

4-84

5 —8 4

INITIAL
P-

"

5-85

3V Ï 7 5 . 7
5.4

3,10 4 . 7
3,14è.4P

MO N TH

PRELIMINARY




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

3 P T K 5 0 T ^ r W 5 5 -----------------------------

8

"

R E T A I L

RATIO

S A L E S

SCALE

B ILLIO N S

OF

1977

RATIO
DOLLARS

1978

SEASONALLY ADJUSTED

1979

1980

1981

B ILLIO N S

1982

1983

OF

1984

SCALE
DOLLARS

1985

SOURCE: U.S. DEPARTM
ENT O C M ERCE
F O M
PERCENTAGES ARE AN
NUAL RATES O C AN
F H
GE FOR PERIODS INDICATED.
LATEST D
ATA PLOTTED: JULY, AUGUST AD
VANCE ESTIMATE
PREPARED BY FEDERAL RESERVE BANK O ST. LOUIS
F

R E T A IL SALES

eoM«n)*oeb a n n u a l r a t e s g # o u k «
MILLIO NS OF
DOLLARS

IN IT IA L NORTH-

TERMINAL
MONTH
2-84

1-84

3—
84

4-84

5-84

6-84

7-64

a-64

9-84 10-84 11-84 12-64

1-85

2-65

3-85

4-65

5—
85

6—
65

7-85“

2-84

-4*5

105 *726

i- 6 4

-6 .6 - 1 2 .*

104*525

4-64

5*0

5-64

5 .2

4-64

8 .6
'

39.2
21.3

5 .7

^ ".T " 18.4

9 .5

13.5

109*065

0 .4

-2 .1 -1 5 .5 “

107*563

7-84

2 .7

8—
84

2 .6

3 .2

4 .7

*-84

5 .2

4 .5 ”

7 .T ~

10-84

107*44J

HJ71

4 .2 "

107*941

- 0 .1

- 2 .0

2 .1

1 .2

-6 .9 “

107*396

- 1 .8

- 2 .4

4 .6

2. r

- 0 .3

5 .4

108*373

11.5
T .T "

108*974

6 .9

¿ .4 " " 4 .4

7 .4

2 .9

11-84

4 .7

5 .8

8 .J-

4 .5

4 .3

2 .4

7 .7

II.1

1 0 .9

15.1

12-64

4 .0

4 .9

7 .1

3 .7

X T

1 .8

5 .6

7 .6

6 .3

6 .0

-273“

1-85

4 .6

5 .4

7 .4

4 .4

4 .2

3 .0

6 .4

8.2

7 .4

T .T

4 .0

10 .6

110*972

2-*S~

5 .2

6 .0

7 .9

572“

5 .2

4 .2

7 .3

¥79“

8 .4

8.0

6 .8

1177"' 12.9

112 *096

110*255
110*042

111*854

4 .9 — -775“

3-85

4 .6

5:3

4 .5

4 .4

3 .4 '

6V0

7 .2

6 .5

6.5

4 .4

6 .8

4-65

6 .9

7 .8

7 .4

7 .5

6 .9

9 .8

tl.3

11.3

12.0

11.5

15.2

16. 7

1877”

4477“

5-85

6 .1

6 .9

8 .4

6 .4

4 .4

5 .8

8 .2

9 .4

9 .1

9.5

8 .6

I0V9

11.0

10.3

17.4

5 .6

5 .6

5 .0

4 .9

4 .3

6 .3

7.1

6 .6

6 .6

5 .5

6 .8

6 .1

4 :4

6 .9

— .1 -1174“
8

'7-85

4 .8

5 .4

6 .7

4 .8

4 .7

4 .1

5 .9

6 .6

6. 2

6.1

5 .0

6 .1

5 .4

3 .9

5 *6

- 4 .9

5 .8

6 .4

7 .7

6 .0

1-84

8-85

2-84

3-84

4-84

5 .5
5-84

7 .3

6 .1

6-84

7-84

8-84

7 .8

7.9

7 .1

'8 . 4“

9-84 10-84 11-84 12-84

f7 r

7.3

9 .4

1-85

2-85

3-85

115*351
114 * 084

— .8
4

2 .0 "
4-85

- 5 .0

113* 730
1.9

113*912P

4 .3

13^

2 5 .7

5-85

6-85

116*lOZb

7-85

IN IT IA L MONTH
P - P R E L IM IN A R Y
'E - EST IM A T ED




P REPA RED BY FE D E R A L R E S E R V E 0ANK OF S T .
S E P TEM B ER T 3* I 9 f *

9

L O U IS

hourly compensation, business SEC R
TO
C M U D D A N A RATES O C A G
O PO N E N U L
F HNE
TERMINAL__________________________________________________________________ IN IT IA L QUARTER_________ _______________________________________________________ 1977-100
QUARTER
3-63 4-83
3-80 4-80
1-81 2-81 3-81 4-61 1-62 2-82 3-62
1-84 2-84
3-84 4-84
1-85
4-62 1-83 2-63
135.7

4-80

9 .4

1-81

10.0

10.7

2-81

9 .1

9 .0

7 .4

M l

9 .3

9 .3

8 .7

139.2
141.7
145.1

9 .9

147.6

4-81

8 .9

8 .8

8.1

8 .5

7.1

1-82

9 .2

9 .2

8 .8

9 .2

8 .9

10.7

2-62

8.8

8.8

8 .4

8.6

8 .2

8 .7

6.6

151.4
153.9

3-82

8 .7

8.6

8 .2

8 .4

8.0

8 .3

7.1

7 .5

4-82

8 .2

8.0

7.7

7 .7

7.3

7 .3

6.2

5 .9

4 .4

1-83

7 .8

7 .7

7 .3

7 .3

6.8

6.8

5.8

5.5

4 .5

4.6

2-8 3

7 .3

7.1

6 .7

6.6

6.1

6.0

5 .0

4 .6

3 .7

3.3

2.0

3-83

6.8

6.6

6.2

6.1

5 .6

5 .4

4 .5

4 .1

3.3

2.9

2.0

2.0

4-83

6.8

6.6

6.2

6.1

5 .6

5 .5

4 .7

4 .4

3.8

3.7

3 .3

4 .0

156.7
158.4
160.2
161.0
161.8

6.1

164.2

1-84

6 .7

6.5

6.2

6.1

5.7

5 .6

4 .9

4 .7

4 .2

4.2

4 .1

4 .7

6.1

6.2

2-84

6 .4

6.2

5 .9

5 .7

5 .4

5.2

4 .6

4 .3

3 .9

3.8

3 .6

4 .0

4 .7

4 .1

1.9

3—
84

6 .3

6.1

5.8

5 .6

5.3

5.1

4 .6

4 .3

3 .9

3.9

3 .8

4 .1

4 .6

4 .2

3.1

4-84

6.2

6.0

5 .7

5 .5

5 .2

5 .0

4 .5

4 .3

4 .0

3 .9

3 .8

4.1

4 .6

4 .2

3 .5

4 .3

4 .3

1-85

6.1

5 .9

5 .6

5 .5

5 .2

5 .0

4 .6

4 .4

4.1

4.0

3 .9

4.2

4 .6

4 .3

3 .8

4 .5

4 .5

4 .8

2-85

5 .9

5 .7

5.5

5 .3

5 .0

4 .9

4 .5

4 .3

4 .0

3.9

3 .9

4 .1

4 .4

4 .1

3 .7

4*2

4 .1

4 .0

3 .3

3-80

4-60

1-81

2-61

3-61

4-81

1-82

2-82

3-82

4-62

1-Ô3

2-83

3-83

4-85

1-84

2-64

3-84

4-8 4

1-65

I

nIT

166.7
167.5
4 .4

169.3
171.1
173.1
174.5

I a l úüÁkTÉA

OUTPUT PER HOUR OF ALL PERSONS, BU SIN ESS SECTOR
_________ COMPOUNDED ANNUAL RATES OF CHANGE_________
TERMINAL_____________________________________________ _____________________ IN IT IA L QUARTER_________________________________________________________________ 1977-100
QUARTER
1-84 2-64
3—
84 4-84
1-65
3-63 4—
63
1-62 2-62 3-62
4-82 1-83 2-83
?-60 4-60
1-61 2-61 3-81 4-61
99.0

4-60

0*6

1-61

3 .5

6*2

2-61

2 ,4

3 .3

100.5
100.6

0 .4

101.5

3-61

2*7

3*4

2*0

3*6

4—
61

1 .2

1*3

-0*3

-0*6

-4*6

1-62

1*4

1.5

0 .4

0 .4

-1*2

2-62

0 .9

0 .9

-0*2

-0*3

-1*6

0 .0

-2 .4

3-92

1 .1

1*1

0*3

0 .2

-0.6

0 .8

0 .0

2 .4

1 .3

0 .9

2 .6

2.6

100.3
100.9

2 .4

100.3
100.9
101.6

4-62

lt 2

1*3

0*6

0 .7

0.1

1-63

1*4

1*4

0*6

0 .9

0 .5

1.5

1.3

2 .5

2 .6

2.4

2-63

1*7

1*6

1*4

1*5

1*2

2 .2

2.1

3*3

3 .6

4 .0

5 .6

1*5

1.6

1.4

2 .3

3 .4

3.6

4 .2

102.2
103.6

3-63

1*6

1*9

2 .2

3.2

2 .7

104.3

4-93

1*6

1*9

1*5

1.6

1.4

2 .2

2 .1

2 .9

3*0

3.1

3 .3

2.1

1.5

1-64

1 .9

2*0

1*7

1*8

1 .6

2 .4

2*4

3 .0

3.1

3.2

3 .4

2 .7

2 .7

3 .9

3 .3

3 .4

3.5

3 .7

4 .4

5 .0

104.7
105.7

2-64

2*1

2*2

1*9

2*1

1*9

2*6

2*6

3 .3

3*5

3-64

2*1

2*1

1*9

2 .0

1.8

2 .4

2 .5

3 .0

3*1

3.1

3 .2

2.6

2*6

3 .2

2 .9

0 .7

4-64

2*1

2*2

1*9

2 .0

1 .9

2 .5

2 .5

3 .0

3 .1

3.1

3 .2

2 .6

2 .8

3 .2

2 .9

1 .9

3 .0

1-65

1.6

1.8

1.6

1.6

1 .5

2 .0

1 .9

2 .3

2 .3

2.3

2 .3

1.6

1.7

1.7

1.1

- 0 .1

-0 .6

-4 .0

2-65

It?

1.8

1.6

1.6

1 .5

1 .9

1.9

2 .3

2.3

2.2

2 .2

1.6

1 .6

1.6

1.2

0 .3

0 .1

- 1 .3

1.5

4-60

1-61

2-61

3-81

4-81

1-62

2-82

3-62

4-82

1-63

2-63

3-63

4-63

1-64

2-64

3-64

4-64

1-85

3-60




107*0
107.2
106.0
106.9
107.3

IN IT IA L QUARtER

10

PREPARED BY FEDERAL RESERVE BA K O ST. LOUIS
N F
A G ST 27* 1
UU
985

P R O D U C T IV I T Y ,

R A T I0 S C A L E
1977-100

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

AN D

L A B O R

C O S T S

R A T I0 S C A L E
1977-100

SEASONALLY ADJUSTED

80WCE. 0.5. DEPART«*! O LABO
F
R
PERC€N7A*ES AXE A N A RATES O CHAM FO PERIODS IttlCATED.
NOL
F
tt R
LATEST D T PLOTTUt 2 D O AKTER
AA
M U
PREPARED BY FEDERAL RESERVE BA K O ST. LO IS
N F
O
U N IT L A B O R C O S T S * B U S I N E S S
__________________________ COMPOUNDED ANNUAL R A T E S O f
T E R N IN A L _________________________________________________________________________
QUARTER
3-61
4-81
4-80
1-82
1-81
2-81
3-80
2-82

IN IT IA L
3-82

S EC T O R
CHANGE_______________________

Q U A R T E R _______________________________________ _______________________________________ 1 9 7 7 * 1 0 0

4-82

1-83

2-83

3-83

4-83

1-84

2-84

3-84

4-84

1-85

4-80

8*3

1 3 7 .1

1-91

6
.2

1 ^ 8 .5

2—
81

6 .5

1 4 0 .9

7 .1
6 .5

5 *8

8 *4

9 *0

12*3

7 .6

8 .3

8 .7

1 .2 8
0
.1

8*5

8 .9

9 .9

8 *7

9 .4

3-81

6 .3

4 -8 1

7 .5

1-82

7

1 4 2 .9
1 4 7 .1
1 5 0 .0
1 5 3 .4

2—8 2

7 *8

3-82

7 .5

7 .9

8
.1

8 .7

7 .5

7 .2

5 .0

4-82

6
.8

7 .0

7 .0

7 .2

6
.0

5 .3

3 .3

1
.6

1-83

6 .4

6 .4

6 .3

6 .4

5 .2

4 .5

3 .0

1 .9

T tî

2-83

5*4

5*3

5 .0

4 .9

3 .7

2 .9

1 .3

3-83

4 .9

4 .6

4 .4

4 .2

3 .1

2 .3

0 .9

4-83

4*9

4 .6

4 .4

4 .2

3 .2

2
.6

4 *7

4 .4

4 .2

4 .0

0
.1

1 5 5 .9
2 .3

1 5 6 .8

1 .5

1-84

1 5 5 .3

^ •©

2-84

4 *1

3 *8

3 .6

3 .4

3-84

4 .1

3 .8

3 .6

3 .4

4-84

3 .9

3 .6

3 .4

3 .2

1-85

4 .2

4 .0

4 .0

3 .8

3 .6

2-85

4 .1

3 .9

3 .9

3 .7

3 .5

3-80

4-80

1-81

2-81

3-81




- 0 .1

- 0 .6

- 3 .5

- 0 .7

- 2 .2

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

4-81

1-82

2-82

3-82

0 1
.0 .8
0 2
.6 .0

1 5 5 .1
4 .5
3 .4

1 5 6 .8
2 .3

1 5 7 .7

- 0 .2

0 .7

1
.2

0 .5

1 .3

1 .9

0
.6
1
.6

1 .3

1 .7

2 .4

2 .9

1 0 .4
.0
1 0
.0 .6
2 2 .7
.6

1 .7

2 .3

2
.8

2 .5

1-83

4-62

IN IT IA L

1 5 5 .4
- 0 .8

2-83

4-83

3-83

- 0 .4

“ 3 .0

1 5 6 .5
3 .9

1 5 8 .0

2 .4

1
.0

4 .6

5 .0

9 .1

2 .5

4 .0

4 .0

5 .5

1-84

2-84

3-84

4-84

1 5 8 .4
1 6 1 .9

2
.0

1 6 2 .7

1-85

Q UA R T ER

11

P R E P A R E D BY F E D E R A L R E S E R V E B A N K O F S T .
A U G U S T 27* 1985

LOUIS

G R O S S N A T I O N A L P R O D U C T IN C U R R E N T 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 OF C H A N G E
8 IL L I0 H S OF
DOLLARS

IN IT IA L QUARTER

TERMINAL
QUARTER
3-80

4-80

1-91

2-81

4-80

18.7
14.3

13.7

14.0

13.5

9 .5

1 0 .7

7 .7

3-82

4-92

1-83

2-93

3-83

4-83

1-94

2-94

3-94

4-94

ÁÑ
küÁL kkTtt

1-95

13.1

7 .1

2-82

6 .0

3-91

1-82

2 2 .1

2-81

4-81

15.5

1-81

3-81

"

4-81

11.6

2 » 736.0
2 ,9 7 5 .9
2 ,9 1 9 .0
3 ,0 0 9 .3
2 .5

3 ,0 2 7 .9

1-82

9 .5

8 .4

5 .2

5 .0

1.1

- 0 .3

2-82

8.8

7 .8

5 .1

4 .9

2 .3

2 .2

4 .7

3-82

8 .0

7 .0

4 .7

4 .4

2 .4

2 .3

3 .6

3 ,0 2 6 .0
3 ,0 6 1 .2
2 .5

3 ,0 9 0 .1

4-82

7 .6

6 .6

4 .6

4 .3

2 .7

2 .7

3 .7

3 .2

3 .9

1-83

7*7

6 .8

5 .1

4 .9

3 .6

3 .8

4 .9

4 .9

6 .2

8.5

2-83

8 .1

7 .4

5 .8

5 .8

4 .8

5 .2

6 .3

6 .7

8 .2

10.4

12.3

6 .9

10.3

3 ,1 0 9 .6
3 ,1 7 3 .9
3 ,2 6 7 .0

3-83

8 .2

7 .6

6 .3

6 .3

5 .5

5 .9

7 .4

8 .7

11.2

10.1

4-83

8 .4

7 .8

6 .6

6 .7

6 .0

6 .5

7 .5

7 .9

9 .0

10.4

11.0

10.3

10.6

1-84

8 .9

8 .4

7*3

7 .4

6 .9

7 .4

8 .4

8 .9

10.0

11.3

12.0

11.9

12.7

14.9

2-84

9 .0

8 .5

7 .6

7 .7

7 .2

7 .7

8 .6

9.1

10.1

11.2

1 1 .7

11.6

12.0

12.8

10.7

3 ,3 4 6 .6
3 ,4 3 1 .7
3 ,5 5 3 .3
3 ,6 4 4 .7

3-94

8 .8

8 .3

7 .4

7 .5

7 .1

7 .5

8 .3

8 .7

9 .5

10.4

10.7

10.3

10.4

1 0.3

9.1

5 .6

4-84

8 .7

9 .3

7 .4

7 .5

7 .1

7 .5

8 .2

8 .6

9 .3

9.9

10.1

9 .8

9 .7

9 .5

7.9

6 .4

7 .1

*
0
0
1

8 .5

8.1

7 .3

7 .4

7 .0

7 .3

8 .0

8 .3

8 .9

9.5

9 .6

9 .2

9 .0

8 .7

7.2

6 .1

6 .4

2-85

8 .3

7 .9

7 .1

7 .2

6 .8

7 .1

7 .7

8 .0

8 .5

9.0

9 .0

8 .6

8 .4

8 .0

6 .7

5 .7

3-80

4-80

1-81

2-81

3-81

4-81

1-82

2-82

3-62

4-82

3-83

4-93

1-94

2-94

i n i t i a l

3 ,7 5 9 .7
5 .6

3 ,9 1 0 .6

*
O
P

1-83
qua

3*694.6

5 .1

4 .5

3-94

4-94

1-9$

3 ,9 5 3 .1

* t é*

GROSS NATIONAL PROOUCT IN 1972 DOLLARS
___CQHPOUMDED ANNUAL RATES OF CHANGE____
TERMINAL
QUARTER

B IL L IO N S OF
DOLLARS
ANNUAL RATES

IN IT IA L QUARTER
3-80

4-90
1-81

6 .8

4-80

1-81

2-81

3-81

4-81

1-82

2-82

3-92

4-92

1-83

2-83

3-93

4-83

1-84

2-84

3-94

4-84

1-65
1 ,4 7 7 .9

3 .8

1*513.5

10.0

1 ,5 1 1 .7

2-81

4 .3

4 .6

-0.5

3-81

4 .0

4 .0

1 .1

2 .8

4-81

2 .0

1 .6

-1 .1

- 1 .4

1*522.1
-5 .4

1*501.3
1*483.5

1-82

0 .9

0 .3

-2 .0

- 2 .5

-5 .0

2-82

0 .6

0 .1

- 1 .7

- 2 .1

-3 .6

-2.8

-0 .8

3-92

0 .4

0 .0

- 1 .6

- 1 .8

- 3 .0

- 2 .1

- 0 .9

-0.9

4-82

0 .4

0 .0

-1 .3

- 1 .5

- 2 .3

-1*5

- 0 .4

-0.2

1-83

0 .7

0 .4

-0 .7

- 0 .8

- 1 .4

-0 .5

0 .5

0 .9

1 .9

3.3

2-83

1 .5

1.3

0 .3

0 .4

O .l

1*0

2.2

3.0

4 .3

6.3

9 .4

1.8

3 .0

3 .7

4 .9

6.5

8 .1

6*8

2*4

3.4

4 .1

5 .1

6.3

7 .4

6 .4

5.9

3-83

1.9

1.8

1*0

1.1

0 .9

4-83

2 .2

2 .1

1 .4

1 .6

1.5

- 4 .7

1*480.5
1*477.1
0 .5
*•4
1*524.8
1*550.2
1*572.7
1 ,6 1 0 .9

1-84

2 .8

2 .7

2 .1

2 .3

2.3

3 .2

4.2

4 .9

6 .0

7.1

8 .0

7 .6

8 .0

10.1

2-84

3 .0

3 .0

2 .5

2 .7

2 .7

3.6

4.5

5.2

6*1

7.1

7 .9

7 .5

7 .7

8 .6

7.1

3-84

3 .0

2 .9

2 .4

2 .6

2 .6

3 .4

4 .2

5 .5

6 .3

6 .8

6 .3

6 .1

6 .2

4 .3

1 .6

4-84

3 .0

3 .0

2 .5

2 .8

2 .8

3 .5

4.2

4 .7

5 .4

6.0

6 .4

5 .9

5 .7

5 .7

4 .3

2 .9

4 .2

1-85

2 .9

2.8

2 .4

2 .6

2.6

3 .2

3.9

4 .3

4 .9

5.4

5 .6

5.1

4 .8

4 .6

3 .3

0 .3
1.1

1.9

3-84

4-84

1-85

1*645.2

o'
•
N

2-85

1*638.9

2 .2

2 .8

2 .8

2 .4

2 .5

2.5

3.1

3 .7

4 .1

4 .6

5.0

5.2

4 .7

4 .4

4 .1

3 .0

2 .0

2 .1

3-80

4-80

1-81

2-81

3-81

4-81

1-82

2-92

3-82

4-82

1-83

2-83

3-83

4-83

1-84

2-84




1 ,6 6 2 .4
1*663.5
1*671.3

IN IT IA L QUARTER

12

P R E P A R E D BY F E D E R A L R E S E R V E B A N K O F S T . L O U I S
S E P T E M B E R 2 0, 1 9 8 5

G R O S S

RAT 10 SCALE
TR I L L I O N S OF
4
4
4

N A T I O N A L

QU ART ER LY

DOLLARS

TOTALS

P R O D U C T

0 S CALE
DOLLARS
4. 2

RAT
TR L L I O N S OF

AT ANNUAL R A T E S

S EAS ONA LL Y A D J U S T E D

0

9
8

7
6

2

5
3.4
3.3
3.2
3. 1
3.0
2.9

2

2 . 8

2

2.7

3
3
3

2

2

. 6

2

2.5

2

2

2

2 . 0

2

1 .9

2

1

2

1 .7

1

.

.

1

.8

1 .6
1 .5

I

.

I . 4

1

.

1 .3

1

1977

1978

1979

1980

1981

1982

1983

1984

1985

SOURCE: U.S. D E P A RT M EN T OF C O M ME RC E
P E R C EN TA GE S ARE ANNUAL RATES OF CHAN6E FOR PERIODS INDICATED.
LATEST

DATA




PLOTTEDt

2ND

OUARTER

PREPARED

13

BY

FEDERAL

RES E R V E

BANK

OF

ST.

LO UIS

. 2

G E N E R A L

RATIO

P R I C E

I N D E X *

SCALE

RATIO

1972-100

SCALE

1972-100

1977

1978

1979

1980

1981

■AS «8 » IN NATIONAL INCO E ACCO
M
UN
TS

1982

1983

1984

1985

SOURCE: U.S. lEPARTMENT O CO M
F
M ERCE

PERCENTAGES ARE AN U L RATES Of C AN E FOR PERI OIS I H»I CATE!.
N A
H
G
LATEST D TA PLOTTED. 2M Q
A
»
UARTER
PREPAREO IY FEDERAL RESERVE BANK Of ST. LOUIS

I N T L I C I T P H I C E D E F L A T O * FOR G R O S S N A T IO N A L PR O O UCT
_______________________________________ COMPOUNDED ANNUAL R A T E S OF CHANGE___________________________________
T E R M IN A L ________________________________________________________________________________I N I T I A L

Q U A RTER______________________________________________________________________________ 1 97 2 -

100

QUARTER
3-80
4-80

u a

1-81

2-81

3-81

4-81

1-82

2-82

3-82

4-62

1-83

2-83

3-83

4-83

1-84

2-84

3-84

4-84

1-65
185.13

lit 3

1-81

4— 0
6

190.01

11,0

193.03

2-81

9 .6

8 .7

6 .5

3-81

9 .7

9 .2

8 .3

10.0

4-81

9 .4

8 .9

8 .3

9 .2

8 .3

197.70
201.69

1-82

8 .6

8 .1

7 .4

7 .6

6 .5

4 .6

2-82

8 .2

7 .6

7 .0

7 .1

6 .2

5.1

5.6

3-82

7 .6

7 .0

6 .4

6 .4

5.5

4 .5

4 .5

4-62

7 .1

6 .6

6 .0

5 .9

5.1

4 .3

4.1

3 .4

6 ,4

5*8

5 .7

5.1

4 .4

4 .4

4 .2

5.0

6 .5

6 .0

5 .5

5 .4

4 .7

4 .1

4 .0

3 .6

3 .7

3.8

2 .6

3-83

6 .2

5 .7

5 .2

5 .1

4 .5

3 .9

3 .5

3 .5

3.6

2 .9

4-83

6 .1

5 .6

5 .2

5 .0

4 .5

4 .0

3.9

3 .7

3.8

3 .4

3 .7

4*4

1-84

5 .9

5 .5

5 .1

5 .0

4 .5

4 .1

4 .0

3 .8

3.9

3 .6

4 .0

4 .4

4 .4

2-84

5 .8

5 .4

5 .0

4 .8

4 .4

4 .0

3 .9

3 .7

3 .7

3.8

3 .6

3.8

4 .0

3.9

3 .7

3.8

3.8

3 .6

3.8

4 .0

3.9

3 .7

4 .0

3 .7

3.7

3 .5

3 .7

3 .8

3 .4

3 .4

3 .4

2 .8

1-83
2-83

4 .0

203.98
206.77
208.53

3 .4

210.27
212.87
214.25
215.89

3.1

218.21
220.58
222.40

3.3

224.57

3-84

5 .7

5 .3

4 .9

4 .8

4 .3

4 .0

3.9

4-84

5 .5

5 .1

4 .7

4 .6

4 .2

3.9

3 .8

1-85

5 .5

5 .1

4 .8

4 .7

4 .3

4 .0

3.9

3 .8

3 .8

3.9

3 .7

3 .9

4 .0

4 .0

3.8

4*0

4 .0

5 .4

2-85

5 .3

5 .0

4 .7

4 .5

4 .2

3 .9

3.8

3 .7

3 .7

3.8

3 .6

3 .7

3*8

3 .7

3 .6

3 .7

3 .6

4 .#

2 .6

3-80

4-80

1-81

2-81

3-81

4-81

1-82

2-82

3-82

4-6 2

1-83

2-83

3-83

4-83

1-84

2-84

3-84

4-84

1-85




226.10
229.07
230.55

I n ITI a l Gu a R T É r

«E fÀ ffE O BY FEDERAL RESERVE &Aflk OF S I . L0CFI5"

14

SEPTEMBER 20, 1985

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 C U R R E N T D O L L A R S
____________ C Q M P Q U N P E D A N N U A L R A T E S OF C H A N G E _______________
B IL L IO N S OF
TERMINAL
QUARTER

IN IT IA L QUARTER
2-SQ

4-80

d o llars

ANNUAL RATES
l- ? l

2-81

H

I

4-81

1-S2. 2-? 2

?-£2_

4-82

1-83

2-83

3-83

4-83

2-64

3-84

4-84

1-85
1 .7 4 1 .9
1*797,9

14U

13.5

2-ei

U »7

10.3

3-81

11.5

10.5

4-81

9 .8

8 .6

7.0

1-81

1*829.3

7t2
10.9
6 .9

1*877,3
3 .1

1*891.8

1-62

9 ,6

8 ,6

7 ,4

7 .5

5 ,8

8 ,6

2-82

9 .1

8 .2

7 .2

7 .2

6 .0

7 ,4

6 ,3

1-92

9 .0

8 .3

7 .4

7 ,5

6 .6

7.8

7 .4

8 ,5

4-82

9 .1

8 ,4

7 ,7

7 ,8

7.1

8 .2

8 .0

8 .9

9 .3

1-83

8 .6

8 .0

7 .3

7 .3

6 .7

7 .5

7 ,2

7 .5

7 .0

4.8

2-83

9 .1

8*6

8.1

8 ,2

7 .8

8 ,6

8 ,6

9 ,2

9 ,5

9.6

3-83

9 .0

8 .5

8 ,0

8 ,1

7 ,8

8 ,5

8 ,5

8 .9

9 ,0

8.9

11.0

7 .6

4-83

9 .0

8 .6

8,2

8 .2

8 ,0

8 ,6

8 ,6

9 .0

9 .0

9.0

1 0.4

8 .4

9 .3

1-84

9 .0

8 .6

8 .2

8 .3

8 ,0

8 ,6

8 ,6

8 .9

9 ,0

8.9

10.0

8.5

8 .9

8 .6

1 ,9 3 1 .3
1*960.9
2 *0 01 .3
2*046.1
2 *0 70 .4
2 *1 41 .6

14.5

2 *1 8 1 .4
2*2 30 .2
2 ,2 7 6 .5
2 *3 32 .7

2-84

9 .1

8 .7

8 .3

8 ,4

? ,2

8 ,7

8 ,8

? .l

9 .2

9.1

10.0

8 .9

9 .4

9 .4

10.2

3-84

8 .8

8,5

8 ,1

8 ,2

7 ,9

8 ,4

8 .4

8 .6

8 ,6

8.5

9 .2

8.1

8 .3

7 .9

7*6

5 .0

4-84

8 .7

8 .3

8,0_

8 ,0

7 ,8

8 ,2

8 ,2

8 .4

8 ,3

8.2

8 .7

7 .8

7.8

7 .5

7 .1

5 .5

2 *3 6 1 .4
2*396.5

6 .1

1-85

8 f7

« ,3

8 .0

8 .1

7 .9

8 .2

8 .2

8 .4

8 .4

8.3

8 .7

7 .9

7 .9

7 .7

7 .5

6 .6

7 .3

8 .6

2-85

8 .6

8 ,3

8 ,0

8 ,0

7 .9

8 .2

8 .2

8 .3

8 .3

8.2

8 .6

7 .9

7 .9

7 .7

7 .5

6 .9

7 .5

6 .2

7 .8

3-80

4-80

1-81

2-81

3-81

4-81

1-82

2-82

3—
62

2*446.5

4-82

1-83

2-83

3-83

4-63

1-84

2-64

3-64

4-84

1-65

2 *4 93 .0

IN IT IA L QUARTER

PERSONAL CONSUNPTION EXPENDITURES IN 1972 DOLLARS
___________COMPOUNDED ANNUAL RATES OF CHANGE___________
B IL L IO N S OF
DOLLARS
ANNUAL RATES

IN IT IA L IQUARTER
QUARTER
M O

4-80

1-81

2-81

3-81

4-81

1-82

2-82

3-82

4-82

1-83

2-83

3-83

4-83

1-84

2-84

3-84

4-84

1-85

4 ,6

940.0
4 ,4

950.2

JL-S1

4,5

2-81

2.8

1.9

-0.5

3-81

2 .8

2 .2

1.2

2 .8

4-81

1.5

0 .7

-0.5

-0 .5

-3 .7

1-82

1.7

1.2

0.4

0 .6

-0.4

2 .9

949.1
955.7
946.8
953.7

1.8

1.3

0 .7

1.0

0 .4

2 .6

2.2

1.9

1.5

1.0

1.3

0 .9

2 .5

2.2

2 .2

2.2

1.9

1.6

1.9

1.7

3.1

3 .2

3 .7

5.1

t
Ì

2-82
3-82
O
O
IS
)

..

1-84

14.6

958.9
964.2
976.3

1-83

2,2

2 ,0

1.7

2*0

1.9

3 .0

3 .0

3 .3

3.8

2.6

2-83

? ,9

2,8

2 .6

3 .0

3 .0

4 .1

4 .4

4 .9

5.8

6.2

10.0

3-83

3 .0

2 .9

2 .7

3 .1

3.1

4 .1

4 .3

4 .7

5 .3

5.4

6 .9

3.8

982.5
1*006.2
1*015.6

3 .3

3 .2

3.1

3 .4

3 .5

4 .4

4 .6

5.0

5 .6

5.7

6.8

5.3

6 .8

1-84

3 .4

3 .3

3.2

3 .5

3 .6

4 .4

4 .6

5.0

5 .5

5.5

6 .3

5.1

5 .7

4 .6

2-84

3 .7

3 .6

3 .5

3 .9

4 .0

4 .8

5 .0

5.3

5.8

5.9

6 .6

5.8

6 .4

6 .3

7 .9

1

3 .5

3 .4

3 .3

3 .6

3 .7

4 .4

4 .5

4 .8

5.1

5.1

5 .6

4 .7

5 .0

4 .3

4 .2

0 .6

4-84

3 ,5

3 .4

3.4

3 .6

3 .7

4 .3

4 .5

4 .7

5 .0

5.0

5 .3

4 .5

4 .7

4 .2

4 .0

2 .1

3 .6

1-85

3 .6

3 .5

3.5

3 .7

3.8

4 .4

4 .5

4 .7

5 .0

5.0

5 .3

4 .6

4 .8

4 .4

4 .3

3 .1

4 .4

5.2

3 .7

3 .6

3 .6

3 .8

3 .9

4 .4

4 .6

4 .7

5 .0

5.0

5 .2

4 .7

4.8

4 .5

4 .4

3 .6

4 .6

5.0

4 .9

3-80

4-80

1-81

2-81

3-81

4-81

1-82

2-82

3-82

4-82

1-63

2-83

3-83

4-83

1-84

2-84

3-84

4-84

1-85

C
D

4-83

2-85




1*032.4
1*044.1
1*064.2
1*065.9
1*075.4
1*089.1
1*102.1

m i l S L i W a ATER

PREPARED BY FEDERAL RESERVE ftAWT'O'F S T. LOUIS
S E P T E M B E R 20.

15

1985

GROSS P R IV A T E DOM ESTIC

TERMINAL
QUARTER

INVESTM ENT

IN CURRENT DO LLARS

B IL L IO N S OF
DOLLARS
ANNUAL RATES

IN IT IA L QUARTER
3-80

4-80

4-80

1-81

2-81

3-81

4-81

1-82

2-02

3-82

4-82

1-83

2-83

3-83

4-83

1—
84

2-64

3-64

1-85

4-84

38 ,5

411.7

1-81

52* 1

6 7 ,1

2-81

37*2

3 6 .6

11.6

3-81

33*3

3 1 ,6

16,8

4-81

21.0

17.0

1-82

9 ,7

4 .7

-6.8 -1 2 .2 -25.6 -32.8

2-82

7 .6

3 .1

- 6 .4 - 1 0 ,4 -19,2 -19.9

-4 ,5

3-82

4*7

0 .6

- 7 .6 -1 1 ,0 -17,8 -17.8

— ,1 -13.5
9

4-82

-0 ,4

1-83

2 ,6

- 0 .7

-7 .0

- 9 .4 -13.8 -13.0

2-83

. 6 ,4

3 .6

-1.8

-3.3

468.1

3 .9

481.1
505.8

22 ,2
0 .2 -17.7

481.7
436.2
431.2
415.9

- 4 .4 -11*7 -1 5 .1 -21.1 -21.9 -17.9 -23.9 -33.1

-6 .5

-4 .5

376.2

-7 .2

-0.0

- 5 .2

34.3

2.5

4 .3

10.9

42.8

5 1 .9

405.0
449.6

3-83

9 .0

6 .7

2 .0

1.0

- 1 .4

1.2

8.3

11.1

10.3

43.0

4 7 .5

43.3

4-83

11*5

9 .5

5 .3

4 .7

3 .0

5 .9

13.0

16.2

23.2

43.5

46.8

44.3

45.2

1-84

15*3

13.6

10. 0

9 .9

0 .7

12.2

19.6

23.5

31.0

49.9

54.0

54.7

60.8

78.1

2-84

14*3

12.8

9 .4

9 .2

8*1

11.1

17.5

20.6

2 6 .4

40.6

41 .9

39.5

38.2

34 .8

2.1

491.9
540.0
623.8
627.0

3-84

15*0

13*5

10,4

10.4

9 .4

12.3

18.2

21.1

26 .2

38.2

38.9

36.4

34.7

3 1 .4

12.9

4-84

13*0

11,6

8 ,6

8 .4

7 .4

9 .8

14.0

17.0

20.9

30.2'

2 9 .6

26.3

23.1

18.1

3 .0

3 .5 -14.3

1-85

12*6

11.2

8 .4

8 .2

7.3

9 .5

14.0

15.9

19.3

27.2

2 6 .4

23.1

20.0

15.5

3 .7

4 .2

-4.0

5.8

2-85

11.7

1 0.4

7.8

7 .5

6 .6

8 .6

12.7

14.3

17.2

23.9

22 .8

19.6

16*6

12.4

2.5

2 .6

-3 .9

1.7

- 2 .2

3-80

4-80

1-81

2-81

3-81

4-01

1-02

2-02

3-82

4-82

1-83

2-83

3-83

4-83

1-04

2-84

3-04

4-84

1-85

2 4 .9

662.8
637.8
646.8
643.2

IN IT IA L QUARTER

GROSS PRIVATE DOMESTIC INVESTMENT IN 1972 DOLLARS
___________COMPOUNDED ANNUAL RATES OP CHANGE___________
B IL L IO N S OF
DOLLARS
ANNUAL RATES

IN IT IA L QUARTER

TERMINAL
QUARTER
3-80

4-00

1-81

2-81

3-81

4-81

1-82

2-82

3-82

4-62

1-83

2-83

3-83

4-83

1-84

2-64

3-84

4-8*

1-85
210*0

4-80

28,1

1-81

34.0

4 0 .2

2-81

24.6

2 2 .9

7 .7

3-81

20.8

10.5

8*9

4-81

10.5

6 .5

-2*8

228*5
232*8
10.2

238*5

- 7 .7 -22*6

223*7
204*7

1-82

2 .5

- 2 .0 -1 0 .4 - 1 5 .8 -26.3 -29.9

2-82

0 .9

- 3 .1 -1 0 .0 -1 3 .9 -20.7 -19 .7

-8 .1

200.4

3-82

— .8
0

- 4 .3 -10*2 -1 3 .5 -18.5 -17.1

-9 .9 -11.6

194.3

4-82

-4 .5

- 0 .0 -1 3 .4 -1 6 .4 -2 0 .9 -20.5 -17.1 -21.3 -29.9

1-83

-1 .2

- 4 .1

-8*5 -1 0 .6 -13.7 -11.0
- 4 .4

- 6 .4

-3 .3

—
6.5

-6.0

177.8

- 3 .1

191.3

34.0

212.6

52 .5

2-83

2 .7

0 .5

-3*2

3.1

6*1

12.8

43.0

3-83

5 .3

3*5

0 .4

- 0 .4

- 1 .7

1.8

8 .3

11*9

18.7

41.4

4 5 .3

38.4

4-83

7 .5

5 .9

3 .2

2 .8

2 .0

5 .6

12.0

15.7

22.1

40.3

4 2 .5

37.7

37.0

7 .5

11.5

18.1

22.4

2 9 .2

46.1

4 9 .2

48.2

53.3

71 .5

230.6
249.5
285.5

1-84

11.1

9 .9

7 .7

7*7

2-84

10.2

9 .0

6 .9

6 .8

6 .5

10*0

15.6

19.0

24 .2

36.6

37 .1

33.5

31.9

2 9 .5

- 2 .2

3-84

11.0

10*0

8.1

8 .1

8 .0

11*3

16.6

19.7

2 4 .3

34.9

3 5 .0

31.8

30.2

2 8 .0

10.6

4-84

9 .5

8*4

6 .6

6 .5

6 .2

9*0

13.5

15.9

19.5

27.7

2 6 .8

23.0

20.1

16.2

2*1

4 .3 -1 3 .0
-5 .3

3.1

283.9
300.2

2 5 .0

289.9
292.1

1-85

9 .1

8*1

6 .3

6 .2

6 .0

8 .6

12.6

14.7

17.7

2 4.7

2 3 .6

19.9

17.1

1 3 .4

2.3

3 .9

2-85

8 .4

7*4

5 .7

5 .6

5.3

7 .6

11.3

13.0

15.6

21.5

2 0 .2

16.7

13.9

10 .4

1 .1

2 .0

- 4 .7

-0 .3

- 3 .5

3-80

4-80

1-81

2-81

3-81

4-81

1-82

2-82

3-82

4-*2

1-83

2-8*

3—
83

4-*}

1-64

2-84

3-84

4-64

1-85




289.5

IN IT IA L QUARTER

PftEPAAED 6V FEBER'a l REifcftVE BAH* OF S T . l OUISSE P T E M B ER 2 0 ,

16

1985

G O V E R N M E N T P U R C H A S E S O F G O O D S A N D S E R V I C E S IN C U R R E N T D O L L A R S
__________________ C O H P O U N O E D A N N U A L R A T E S O F C H A N G E _____________________

BILLIONS OF

INITIAL Q A ER
U RT

.TERM
INAL
QUARTER

1 -Z Z . A - M ___l=flLi___¿ - 8 1

3-81

4-81

l-ft2

2-62

15. 6 ______________________________________

3-3 2
___

4-62

1-83

2-83

3-63

4-63

1~84

2-64

3~34

4 -9 4

DOtlAfrSANNUAL RATES
l-ft3_

_______________________________________ _____________________________________ _

559.Q_

-ir-fil____1 ^ 4 ___1 3 .2

376.6

_ £ = § ! _____ L L u é _____ 9 ^ 6 _____

565,3

- I r f i l ____ 11^5___UL*2____ ______ 11,4
4-81

12.2

11.4

10.8

13.2

11,1

10,2

9 .4

10.5

10.1

2-82

9 .7

8 .7

7.8

8 .3

7 ,2

9 .0

622,7

15.0

1-82

3-82

10.3

9 .6

4-82

10,9

10.4

630.9

5 ,4

633,7

1.8

9 .6

9 .1

6.2

10.5

10,7

15.5

656.3

15.0

10.6

15.9

681,0
678,8

9 .7

9 .0

8.5

8 .8

8 .4

7 .6

9 .6

7 .0

-1,3

8 .9

8 .3

7.8

8 .0

7 .5

6 .5

7 .7

5 .3

0.4

2 .0

3-83

8 .6

7 .9

7*4

7 .6

7 .1

6 ,0

6.1

7 .0

5 .1

1.7

3 ,3

4.5

4-83

8 ,0

7 .3

6.8

6 .9

6 ,4

5 .4

5 .4

6 .0

4 .3

1.5

2 ,5

2 .7

0 ,9

1-84

7 .9

7 ,4

6 .9

7 .0

6 ,5

5 ,6

5 .7

6 .2

4 .8

2.7

3 .8

4 .4

4 ,3

2-84

9 .0

8.1

8 .3

8 .0

T ,4

7 .6

8 .3

7 .4

6.0

7 .6

9 ,0

10,6

15 .7

24 .3

3-84

9 .0

8.6

8.3

8 .4

8 .2

7.8

8 .5

7 .7

6.6

7 .9

9 .1

10.3

1 3.6

16.7

9 .6

4-84

9 .1

8 .7

8 .4

8 .6

8 .4

8 .0

8 .7

8 ,0

7.1

8 .3

9 ,4

10.4

12.9

14.7

10,1

10.7

682,2
689.8
691.4
704.4

7 .7

743.7
761.0
780.5

1-65

8 .9

8.5

8.3

8 .4

8.2

7 .9

8 .4

7 ,8

6.9

8 .0

8,9

9 .6

11.3

12.4

O
D
•

«0

1-83
2-83

8 .3

6 ,0

2-85

9 .0

8 ,6

8,4

8,5

8 ,3

7 .8

8 ,0

8 ,6

8 ,0

7.2

8.2

9 ,0

9 .7

11.2

11.9

9 .0

8 .8

7 .9

9 .9

3-80

4-80

1-81

2-81

3-81

4-81

1-82

2-82

3-82

4—
62

1-83

2-83

3-83

4-83

1-84

2-84

3-84

4—
84

1-85

791.9
8 10.9

INITIAL QUARTER

GOVERNMENT PURCHASES OF GOODS AND SERVICES IN 1972 DOLLARS
____________ COHPOUNOED ANNUAL RATES OF CH
ANGE__________________

BlLUtWS ÖF
DOLLARS

INITIAL QUARTER

TERMINAL

An n u a l Ra t e s

QUARTER

3-80

4-80

1-81

2-81

3-81

4-81

1-82

2-82

3-82

4-82

1-83

2-83

3-83

4-83

1-84

2-64

3-64

4-84

1-65
282 .5

4-80

-2.1

1-81

1.4

5 .0

2-81

0 .5

1.8

-1.3

286.0
2 85.1
287.4

3-81

1.2

2 .3

1.0

3 .3

4-81

1 .6

2 .5

1.7

3 .2

3.1

1-82

1 .5

2 .2

1.5

2 .4

2 .0

0 .8

2-82

0 .6

1.1

0 .3

0 .7

-0.2

-1.8

289.6
290.2
287.0

- 4 .3

292.8

3-82

1 .5

2 .1

1.6

2 .2

1.9

1.5

1.8

8 .3

4-82

2 .6

3 .2

2 .9

3 .6

3 .7

3 .8

4 .8

9 .7

11,1

1-83

1 .4

1.8

1.4

1.8

1 .6

1.3

1.4

3 .4

1,0

-8.1

3 0 0 .6
294.3
2 9 2 .4

2-83

1 .1

1.4

1.0

1 .3

1.0

0 .6

0 .6

1 .9

- 0 ,2

-5.4

- 2 .6

3-83

0 .9

1.2

0 .8

1 .1

0 .8

0 .5

0 .4

1 .4

- 0 ,3

-3.8

- 1 .6

-0 .5

4-83

0 .5

0 .7

0 .4

0 .5

0 .2

-0 .1

-0 .3

0 .4

- 1 ,1

-3.9

- 2 .5

- 2 .4

-4.3

1-84

0 .5

0 .8

0 .4

0 .6

0 .3

0 .0

-0 .1

0 .5

- 0 ,8

-3.0

- 1 .6

-1 .3

-1 .7

1,0

2-84

1 .7

1.9

1.7

1.9

1.8

1 .7

1.8

2 .6

1,8

0.3

2*1

3.3

4 .6

9 ,4

2 9 2 .0
288.8
289.5
18.6

302.1
306.1

5 .4

3-84

1 .9

2 .2

2 .0

2 .2

2 .1

2 .0

2 .2

2 .9

2 ,2

1,0

2 .7

3 .7

4 ,8

8 ,1

11.8

4-84

2 .1

2 .4

2 .2

2 .5

2 .4

2 .3

2 .5

3 .2

2 .6

1*0

3 .1

4 ,1

5 ,0

7 .5

9 .8

5 .6

5 .9

1-85

2 .0

2 .3

2.1

2 .3

2 .3

2 .2

2 .3

2 .9

2 .4

1.5

2 .7

3 .5

4 ,2

6 ,0

7 .3

3*6

3 .0

0 .3

4 ,1

5 .6

6 .6

3*9

3 .2

1.9

3 .7

3-83

4-63

1—
84

2-64

3-64

4-64

1-63

2-65

2 .1

2 .3

2 .2

2 .4

2 .3

2 .3

2 ,4

3 .0

2 .5

1.7

2 .8

3 .5

3-èó

4—
Ä0

1-81

2-61

3-81

4-61

l-^ET

2-82

3-62

4-62

1—
83

2-83




310.5
3 1 0 .7
3 13.5

IN IT IA L QUARTER

P*EEA*H> tV E€PTOL *ESE*VE 6ÀHK OF ST . COUIS
SfPTIMHt 20* 1915

17

D IS P O S A B L E PERSONAL INCOME IN CURRENT DOLLARS
________ COMPOUNDED ANNUAL R A T ES QF CHANCE___________
TERMINAL
QUARTER
.3 - 8 0

B I L L I O N S OF

*3171*1 W ^ T f e R
ANNUAL R A T ES
4~90___ Ir & l

2-21

H

I

4~ftl ___ 1-92

2-82

H 2

4-82

1-93

2-93

H 3

4-83

1-54

2-8 4

3-84

4-84

1-85

1.909,0

- A = a a ____ i4.i
1 -9 1

.1 4 . 2 __ 1 4 .2

3 -8 1

1 2 .6

1 2 .1

1 1 .0

1 5 .3

4 -8 1

1 1 .3

1 0 .6

9 .4

1 0 .6

6 .1

1-9 2

lP t l

9 .3

.9^1

8 .5

5 .2

4 ,3

?*3

8»?

7 ,4

7»?

5 ,0

4 t?

4 ,7

9 ,1

_JLt4

?**..

7 ,5

5 ,6

5 .5

6 .1

7 .4

6 .7

7 .6

7 .8

2 -8 2
3 -8 2

_

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

4 -8 2

6 .1

6 .1

1 -8 3

8 .?

JL» 8_.

7 .1

. . 7 ,1.

? ,9

? t7

6 ,1

6 ,5

6 ,1

2 -8 3

____

8 ,9

8 ,4

7 .8

7 ,1

7*1

6 ,0

6 ,0

6 ,4

6 ,8

6 ,6

5 .9

7 .5

7 ,7

7 .8

7 .8

9 .6

1 1 .7

8 ,3

2 ,2 3 7 .5
4 ,3

2 .2 6 1 .4
2 .3 0 2 .9

8 ,6

8 ,2

7 ,6

7 ,6

6 ,7

6 .8

7 ,2

8 .8

8 ,4

7 .9

7 ,9

7 ,2

7 ,3

7 ,7

8 ,2

8 .4

8 .5

1 0 ,0

1 1 .2

1 0 .7

9 ,1

8 .7

9 ,3

9 ,4

7 ,7

7 ,9

8 ,3

8 ,9

9 ,1

9 .4

1 0 ,6

1 1 .7

1 1 ,7

1 2 .7

2 -8 4

9 ,0

9 ,7

9 ,3

9 ,4

7 .8

7 .9

8 ,4

8 .8

9 .0

9 ,2

1 0 .2

1 0 .9

1 0 .7

1 0 .6

8 .6

3 -8 4

9 .0

8 .7

9 ,3

9 .4

7 ,8

8 .0

8 .4

8 .8

8 .9

9 .1

9 .9

1 0 .4

1 0 .1

9 .9

8 .5

8 .4

4 -8 4

9 ,8

8.t?

9 ,1

9 ,2

7 .7

-J .8

8 .1

8 .5

8 .6

8 .7

9 .4

9 .7

9 .3

8 .9

7 .7

7 .2

8 .3

8 .5

7 .4

6 .1

...........3 -8 3

_

. .4-83
.

7 ,5

..1 -8 4

_

7 .8

8 ,1

2 -8 5

8 .6

8 .3

3 -8 0

4 -8 0

2 .3 6 7 .4
2 .4 2 8 .6
2 .5 0 2 .2
2 .5 5 4 .3
2 .6 0 6 .4
6 .0

2 .6 4 4 .5

3 .7

1 .6

7 .5

1-81

2 -8 1

7 .6

7 .9

8 .1

8 .2

8 .2

8 .7

8 .8

8 .4

8 .0

7 .1

6 .7

6 .2

6 .3

1 1 .2

3-81

4-81

1-82

2-82

3-8 2

4-8 2

1-8 3

2 -8 3

3-8 3

4 -8 3

1 -8 4

2 -8 4

3 -8 4

4 -8 4

1-85

IN IT IA L QUARTER

DISPOSABLE PERSONAL INCOME IN 1972 DOLLARS
____ COHPWNPED ANNUAL RATES 0 = CHANGE
«
TERMINAL
QUARTER

B ILLION S OF
DOLLARS
ANNUAL RATES

IN IT IA L QUARTER
3 -9 0

4 -8 0

4 -9 0

1-81

2 -8 1

3-91

4-8 1

1-82

2-8 2

3 -8 2

4-8 2

1-83

2 -8 3

3 -8 3

4 -8 3

1-84

2 -8 4

3 -8 4

4 -8 4

1-85
1 ,0 2 9 .6

4 .1

1 .0 4 2 .5

1 -8 1

4 ,6

5 ,1

2 -8 1

2 .8

2 .2

- 0 .7

3 -8 1

3 .8

3 .7

3 .0

6 .9

4 -8 1

2 ,9

2 ,6

1 .7

3 .0

-0 .9

1 -8 2

2 .2

1 ,8

1 .0

1 .6

-1 .0

-1 .2

2 -8 2

2 ,0

1 ,6

0 .9

1 .4

- 0 .4

-0 .2

0 .8

1 .0

1 .3

0 .0

0 .2

1 .0

1 .2

3 -8 2

1 ,9

1 ,6

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

4 -8 2

2 ,1

1 .8

1 .4

1 .7

0 .7

1 .1

1 .9

2 .4

3 .7

1 -8 3

2 ,1

1 ,9

1 ,5

1 ,9

0 ,9

1 .3

1 .9

2 .3

2 .9

2 .1

1 ,0 6 7 .6

1 ,3

1 .6

1 ,0 7 3 .1

2 -8 3

2 ,2

2 ,0

1 ,7

2 .0

2 .2

2 .6

3 .0

2 .7

3 -8 3

2 ,6

2 .5

2 ,3

2 .6

2 ,1

2 .5

3 .1

3 .6

4 .2

4 .3

5 .5

7 .7

4 -8 3

3 .1

3 .0

2 .8

3 .1

2 .7

3 .2

3 .8

4 .3

5 .0

5 .3

6 .4

8 .0

8 .3

3 .6

3 .3

3 .8

4 .4

4 .9

5 .6

6 .0

6 .9

8 .2

8 .4

8 .6

3 .4

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

1 -8 4

3 ,4

3 ,4

3 .3

2 -8 4

3 ,6

3 .6

3 .5

3 .8

3 .6

4 .0

4 .6

5 .1

5 .7

6 .0

6 .8

7 .7

7 .7

7 .4

6 .3

3 -8 4

3 f7

3 ,6

3 .5

3 .8

3 .6

4 .0

4 .5

5 .0

5 .5

5 .7

6 .3

6 .9

6 .7

6 .2

5 .1

3 .9

3 .8

3 .6

4 .0

4 .4

4 .8

5 .2

5 .4

5 .9

6 .4

6 .1

5 .6

4 .6

3 .7

3 .5

1 ,1 6 5 .3
1 ,1 7 6 .5
1 ,1 8 6 .7

4 -8 4

3 ,6

3 ,6

3 .5

1 -8 5

3 .3

3 .3

3 .2

3 .5

3 .2

3 .5

3 .9

4 .2

4 .5

4 .6

4 .9

5 .2

4«8

4 .1

3 .0

1 .9

0 .9

- 1 .6

2 -8 5

3 ,6

3 ,6

3 .5

3 .7

3 .5

3 .9

4 .3

4 .5

4 .9

5 .0

5 .3

5 .5

5 .2

4 .7

4 .0

3 .4

3 .3

3 .2

8 .2

3 -8 0

4 -8 0

1-81

2 -8 1

3-81

4-8 1

1-82

2-82

3 -8 2

4-8 2

1-8 3

2-8 3

3 -8 3

4 -9 3

1-8 4

2 -8 4

3 -8 4

4 -8 4

1-85




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

IN IT IA L QUARTER

18

HtéPÀAéò BY ft¿t>E*AL *£SÉAVE baNk ó F S T .
S E P T E M B ER 2 0 , 1985

LòUIS

CO RPO RATE P R O T IT S A F T E R T A X E S *
COMPO UND ED

ANNUAL

RATES

OF

CHAN GE
BILLIONS

TERMINAL
QUARTER

INITIAL
3-8 Q

4-80

4 .5

1-81

2-81_

3-81

4-81

. 1-82

2-82

3-82

4-62

1-83

2-83

3-83

4-83

1-84

2-84

3-84

4-84

1-85
1 4 6 .7

-0 .5

1-81

4-80

1 5 0 .2

9 .9

1 3 5 .4

2-81

-1 0 .3

3-81

-5 .1

—6 . 6

-1 3 .9

1 2 .4

4-81

-6 .5

-8 .0

-1 3 .3

-0 .6

-1 2 .0

~2 3 * 6

-3 0 .3

-2 9 .0

-4 3 .6

-6 3 .8

1-82

-34 .0

1 3 9 .4
1 3 5 .0
1 0 4 .7
1 0 6 .9

2 —8 2

-1 6 .6

-1 9 .0

-23 .8

-2 1 .0

-2 9 .8

-3 7 .3

8 .7

3-82

-1 4 .7

-1 6 .5

-2 0 .2

-17 .2

-23 .2

-2 6 .7

4 ,4

0 ,4

4-62

-1 5 .4

-1 7 .1

-2 0 .4

-1 7 .9

-2 2 .8

-2 5 .3

-4 .9

-1 1 ,1

-2 1 .2

1-83

-1 3 .4

-1 4 .7

-1 7 .4

-1 4 .7

-18.5

-1 9 .7

-2 ,0

-5 ,3

-8 .1

7 .3

-6 .7

-6 .4

-4 .5

-6 .7

-5 .8

1 4 .0

1 5 .4

2 0 .9

4 9 .9

2-83

-6. 1

OF

DOLLARS
ANHUAL RA TES

QUARTER

3-83

-1 .0

-1 .0

4-8 3

-1 .2
0 .7

0 .8

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

1 2 3 .4
1 4 2 .6

-2 .1

0 .1

2 .3

1 .1

3 .2

2 2 ,9

25 .9

3 3 .3

5 8 .8

9 3 .2

7 8 .3

1 .7

-1 .3

1-84

1 0 7 .0

0 .5

2 .2

1 8 .6

2 0 .3

2 4 .8

4 0 .0

5 2 .9

3 0 .7

-4 .1

3 .9

3 .1

5 ,0

1 9 .9

21 .6

2 5 .6

3 7 .9

4 6 .8

3 0 .4

1 1 .5

14 1 .1
2 9 .8

1 5 0 .6
1 5 0 .2

0 .6

0 .7

0 .0

3 .5

2*8

4 ,4

lt .4

1 8 .5

2 1 .4

3 0 .5

3 5 .6

2 1 .7

7 ,2

1 3 .3

-1 .1

3-84

-0 .9

-0 .9

-1 .7

1 .4

0 .5

1 .8

1 2 .9

1 3 .3

1 5 .1

21 .5

2 4 .0

11 .7

-0 .6

0 .6

-1 1 .5

4-84

-1 .0

-1 .0

-1 .7

1 .2

0 .4

1 .5

1 1 .4

1 1 .7

1 3 .0

18 .3

1 9 .9

9 .3

-0 .9

-0 .1

-8 .4

-1 1 .9

-2 .0

1 0 .4

14 .6

1 5 .6

6 .2

-2 .6

-2 .3

-9 .0

-1 1 .5

-6 .5

-1 0 .9

1 3 .9

5 .5

-2 .1

-1 .8

-7 .1

-6 .5

-4 .0

-5 .0

1 .2

1-83

2-83

3-83

4-83

1-64

2-84

3-84

4-64

1-85

-1 .5

-1 .6

-2 .3

0 .3

-0 .5

0 .5

9 .4

2-85

“ 1*4

-1 .4

-2 .1

0 .4

-0 ,4

0 .5

8 .7

8 .7

9 .5

13 .2

3-80

4-60

1-81

2-81

3-81

4-81

1-62

2-82

3-82

4-82

INITIAL

1 4 1 .7

00

1-85

9 .4

0
(M
1

2-84

1 4 1 .0
13 7 .0
1 3 7 . 4P

QUARTER

» NATIONAL INCOME B A SIS __________________________________________________________________
PREPARED BY FEDERAL RESERVE BAWK OF ST . LO UIS
SEPTEMBER 20. 1985

HISTORICAL SOURCES OF
NATIONAL INCOM A D PRODUCT ACCOUNTS DATA
E N
The NIPA estimates for 1929-76 are in The National Income
and Product Accounts of the United States, 1929-76: Sta tis tic a l
Tab!es (Stock number UU3-01O-OOl01-1, price jlO.OO). Estimates for
1977-79 and corrections for earlier years are in the Ju ly 1982
SURVEY; estimates for 1980 and corrections for e a rlie r years are in
the Ju ly 1983 SURVEY; estimates for 1981-83 are in the Ju ly 1984
SURVEY. Estimates for the periods since, appear in subsequent issues
of the monthly Survey of Current Business. These publications are
available from the Superintendent of Documents, U.S. Government
Printing Office, Washington, D.C. 20402.
For further information, write to the National Income and
Wealth Division (BE-54) Bureau of Economic Analysis, U.S. Department
of Commerce, Washington, D.C. 20230.




19

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

AND T RA DE

. 68

6 8

.64

64

.60

60

.56

56

.52

52

.48

48
44

.40

40

.36

36

.32

32

.28

28
24

.24
1973 1974 1975 1976 1977 1978 1979 I

1

«R ATIO S

BASED

ON

SHADED

AREAS

REPRESENT

LATEST

DATA




SEASONALLY

PLOTTEDt

ADJUSTED

PERIODS

JULY

OF

DATA.

BUSINESS

1981
SOURCE:

1982 1983 1984 1985

U . S . DEPARTMENT

OF

COMMERCE

RECESSIONS.

PRELIM INARY
PREPARED

2 0

BY

FEDERAL

RESERVE

BANK

OF

ST.

LOU IS

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