Full text of Survey of Current Business : December 1968
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
DECEMBER 1968 / VOLUME 48 NUMBER
12
SURVEY OF CUBBENT
CONTENTS
, ,,. . .
.
.
, THE
BUSINESS. SITUATION . .
of Commerce
;
Summary
1
National Income and Product Tables
7
Plant and Equipment Programs—Expansion Projected in
First Half 1969
11
Manufacturers' Inventory and Sales Expectations: Fourth
Quarter 1968 and First Quarter 1969
15
ARTICLE
The Balance of Payments: Third Quarter 1968
17
€L R» Smith / Secretary
William H* Chartener / Assistant Secretary
for Economic Affairs
Office,"of Business Econo.mies-' • . George Jaszi / director
Morris R. Goldman Louis J. Paradise
Associate Directors
Murray F. Foss /Editor
Leo V. Barry, Jr. / Statistics Editor
BillyJo Hurley / Graphics
STAFF CONTRIBUTORS TO THIS ISSUE ,
Business Review and Features:
Francis L* Hirt
David R, Hull, J*%
Donald A, King
Genevieve B. Wimsatt
Marie F. Hertzberg
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index {Inside Back Cover)
Albuquerque, N. Mex, 87101
U.S. Courthouse Ph. 247-0311.
Anchorage, Alaska 99501
Loussae-Sogn Bldg. 272-6331.
Atlanta, Ca. 30303
75 Forsyth St. NW, 526-6000.
Baltimore, Md. 21202
305 U.S. Customhouse 962-3560.
Birmingham, Ala. 35205
908 S. 20th St. Ph. 325-3327.
Boston, Mass. 02203
JFK Federal BWgv 223-2312.
Buffalo, N.Y, 14203
117 EUicott St. Ph, 842-3208.
Charleston, S*C. 29403
334 Meeting St.
Ph. 577-4171.
n, W, Va. 25301
500 Qtmmer gt^ p^ 343^195.
Cfeeyesine, Wyo. 82001
6022 XLS. Federal Bldg.
Ph. 634-5926,
Chieago, 111. 60604
1486 New Federal Bldg.
Ph, 353-4400.
Cittemnati^ OMo 45202
550 Main St, Ph. 684-2944.
d, Ohio 44114
666 Euclid Ave.
Ph. 522-4750.
Dallas, Tex, 75202
1114 Commerce St. 749-3287.
Besavef , Colo. 80202
16419 Fed. BIdg., 20th & Sto«i Sts.
Ph. 297-3246.
es omes, Iowa 50309
609 Federal Bldg.
Ph. 284-4222.
Detroit, Mich, 48226
445 Federal Bldg. Ph. 226-6088.
Greensboro, N.C. 27402
258 Federal Bidg.
Ph. 275-9111.
Hartford, Conn. 06103
18 Asylum St. Ph. 244-3530.
Honolwks, Hawaii 96813
286 Alexander Yo«»g Bldg.
Ph.588-977.
Houston, Tex. 77002
515 Rusk Ave. Ph. 228-0611,
Jacksonville, Fla. 32202
400 W. Bay St. Ph. 791-2796.
Kansas City, Mo. 64106
911 Walnut St. 374-3141,
Lo« Aageles, Calif. 90015
1031 S. Broadway Ph. 688-2833.
Article:
Walther Lederer
Evelyn M, Farrisht
Subscription prices, including weekly statistical supplements, are $9 a year for domestic and $12.75 for
foreign mailing. Single issue $ 1,00.
Make checks payable to the Superintendent of Docu»
merits and sena to I7.S. Government Printing Office*
Washington, IXC 2Q402* or to any U.S. Department of
Commerce Field Office.
Memphis, Tenn. 38103
147 Jeffersoa Ave.
Ph. 534-3214.
Miami, Fla* 33130
25 WestFlagler St. Ph. 350-5267.
Milwaukee, Wis. 53203
238 W. Wisconsin Ave. 272-8600.
MiwtieapoJJs, Minn. 55401'
306 Federal Bldg. Ph. 334-2133,
New Orleans, La. , 70130
610S<mth$t, Ph. 527-6546.
New- York, N.Y. 10007 '
26 Federal Plaza 264-0634.
Philadelphia, Pa. 19107
1015 Chestnut St. Ph. 597-2850.
Phoe»ix, Arias, 85025
230 N. First Ave. Ph. 261-3285.
Pittsburgh, Pa. 15222' •
1000 Liherty Av«. Ph. 644-2850*
Fortland, Oreg, 97204
217 Old U.S. Courthouse Bldg.
Ph. 226-3361.
Meno,Nev. 89502
300 Booth St. Ph. 784-5203.
Richmond, Va. 23240
2105 Federal Bldg. Pb.649~361L
St. Louis, Mo. 63103
2511 Federal Bldg, 622-4243.
Salt Lake City, Utah 84111
125 South State St. Ph. 524-5116.
San Francisco, Calif, 94102
450 Golden Gate Ave.
Ph. 556-5864.
San Juan, Puerto Rico 00902
100 P.O. Bldg. Ph. 723-4640.
Savannah, Ga. 31402
235 U.S. Courthouse and P.O.
Bldg, Ph 232-4321.
Seattle, Wash. 98104
809 Federal OScc Bldg.
Ph. 583-5615.
the BUSINESS SITUATION
With the broad measures of economic
activity rising in November it now
appears that overall demand and output
will advance about as much in the
current quarter as in the third. Cbnsumer demand, which remains strong
and more buoyant than anticipated,
is not likely to match the very sharp
advance of the quarter before. Private
investment demand is turning out to
be much stronger than expected and is
providing the main stimulus to rising
activity.
JL HE evidence that has become available in the past few weeks suggests
that total output will register a sizable
increase in the fourth quarter, not
much different from the rise in the
third. On an overall basis, consumer
demand is stronger than had been
anticipated this summer and fall; retail
sales rose to a new peak in November
after slight decreases in September and
October. For the quarter as a whole,
the rise in consumer buying is likely to
be smaller than in the third quarter,
mainly because automobile demand has
leveled off. What is turning out to be
more vigorous and quite different from
expectations is private investment demand, particularly business demand for
new plant and equipment.
The latest OBE-SEC plant and
equipment survey, which is reported on
pp. 11-14, indicates th^t businessmen
are planning a major step-up in their
investment outlays for this quarter
and the first half of 1969. Present
programs call for a rise in spending
from a seasonally adjusted annual rate
of $63% billion in the third quarter
to $67% billion in the fourth and to a
$70% billion rate in the first half of
next year. It may be that because of
delays in construction progress and
equipment deliveries or other factors,
expenditures will continue to fall short stringent financial conditions that have
of anticipations, as they have in recent reemerged late this fall.
quarters. But even if an allowance is
Finally, inventory investment, which
made for this possibility, the fact declined from the second to the third
remains that business seems to have quarter, is showing no signs of further
embarked on a new round of invest- abatement at the moment. Business
ment spending, which will have im- inventories rose much more in October
portant stimulating effects on an econ- than the average monthly increase in
omy operating at very high employment the third quarter. Moreover, the latest
rates.
OBE survey of manufacturers (see
Plant and equipment is not the only p. 15) points to large increases in
buoyant component of investment de- manufacturing inventories from Sepmand. Residential outlays have again tember 30 of this year through next
increased this quarter, after having March.
leveled off this summer. How long this
Federal purchases are not likely to
will continue is problematical because contribute as much to the gain in proof housing's dependence on ample sup- duction this quarter as the quarter
plies of credit and because of the more before, with slower rates of expansion
in both defense and nondefense. However, the steady rise in State and local
outlays continues.
On the basis of the figures for October
Expenditures for New Plant and Equipment
and November, the unemployment rate
appears to be headed for a decline this
Businessmen project an annual rate of $70 V4 billion
for first half of 1969-9 percent above year 1968
quarter from rates that were already
very low. With demand very high and
Billion $
the Nation's overall capacity to pro80
duce under considerable strain, it is
difficult to see any abatement in the
strong rise in prices. Indeed, the October
advance in the Consumer Price Index,
0.6 percent, was the largest in many
years.
The stronger-than-expected business
outlook, coupled with generally heavy
demands for funds and a restrictive
credit policy, has contributed to further
increases in interest rates in the current
quarter. The upward trend in market
rates of interest received an added
boost in early December, when most
commercial banks raised their prime
rates—the rates they charge their most
creditworthy borrowers—from 6% to
6% percent. By mid-December, most
1965
1966
1967
1968
1969
financing
costs had regained the major
Seasonally Adjusted at Annual Rates
part
of
their
early summer declines and
Data: OBE-SEC
U.S. Department of Commerce, Office of Business Economics
68-12-1
were approaching, and in some cases
1
SURVEY OF CURRENT BUSINESS
exceeding, the recent highs established
in late May of this year.
December 1968
of the effect of increased employment markets. As these doubts accumulated
and wage rates this quarter so that the over the summer and early fall months,
growth
in payrolls and personal income confidence in the current exchange
Employment and income up in
has
slowed
down considerably. In No- value of the franc deteriorated. MoreNovember
vember, payrolls advanced $2% billion, over, the May-June paralysis of the
Labor market developments last not much different from the $2% billion
French economy had occasioned a
month presented a somewhat contra- gain in October but well below the
massive flight of capital—a flight that
dictory picture. On the one hand, the average monthly increases of $4 billion
drained almost one-third of France's
unemployment rate fell to its lowest from May through September. The
holdings of international reserve assets.
monthly level in 15 years; employment nonpayroll components of personal inBy September, France had lost $2.5
showed a substantial increase, and wage come rose moderately last month,
billion in reserves, including more than
rates continued their rapid advance. bringing the rise in total personal in$1 billion in gold reserves. In addition,
On the other hand, weekly hours of come to $3.8 billion, a slightly larger
to defend the franc, the Bank of France
work declined for the second month in increase than in October.
drew very heavily on its swap arrangea row.
ments with other central banks and on
Employment in nonfarm establishCurrency Crisis Abroad
its credit with the IMF. Thus, doubts
ments increased by about 165,000
In mid-November, the international over the adequacy of France's holdings
persons from October to November,
of international reserve assets—hence
following a gain of more than % million monetary system was rocked by its her ability to thwart another run on
(revised) the month before. Employ- third major crisis in less than a year. the franc—were also on the rise long
ment gains have been very large so far Following Britain's devaluation of ster- in advance of the November outbreak.
this quarter; the rises in the past 2 ling in November 1967 and the gold
The other principal component of
months alone have already exceeded the speculation this past spring, currency the recent currency crisis was the
entire quarterly gains reported in the speculation erupted last month, involv- strength of the German mark. The
spring and summer of this year. Most ing principally the expectation of an pronounced recovery of the German
industries reported increased employ- upward revaluation of the German economy from the 1966-67 recession
ment in November, but special factors mark and a devaluation of the French was accompanied by productivity gains
were partly responsible for some franc, or both. The austerity program that exceeded wage increases and thus
changes. In mining, employment rose adopted by France, the measures taken reduced unit labor costs. This contribby 50,000 persons and returned to the by Germany to mitigate its large bal- uted to the maintenance of price
September level, after a decline in ance of payments surplus, and further stability throughout the recovery, helpOctober that was due largely to strikes cooperation in international financial ing to sharpen Germany's strong interin the coal industry. Employment in matters by the major financial powers national competitive position. This, in
State and local government decreased succeeded—at least temporarily—in turn, led to a still larger trade surplus,
last month because of the work stoppage avoiding changes in the par value of cur- continuation of a substantial balance
by teachers in the New York City school rencies and in restoring relative order to of payments surplus, and hence an
the international financial mechanism. increase in international reserve assets.
system.
The recent problems for the franc— It was this setting that gave rise to
The recent declines in the average
workweek for production and non- which only a few months ago was con- expectations of an upward revaluation
supervisory workers in private indus- sidered one of the stronger currencies of the D-mark and stimulated flows of
tries have been very sharp—-0.6 hours of the Western Hemisphere—began funds from other currencies to marks
for October and November combined. with the sudden outbreak of civil in the summer and^ fall.
A decrease of this magnitude in to- disorders and widespread strikes last
Thus, the financial storm that raged
day's labor market is difficult to ex- May. These strikes, which at their in mid-November had been gathering
plain. To some extent, it is due to bad peak involved an estimated two-thirds momentum since at least last May.
weather (contract construction), and of France's labor force and which sent Expectations concerning changes in
to some extent, it is a reflection of the the industrial production index plum- currency values apparently reached
changing employment mix. Otherwise, meting by one-third in May, were critical proportions in early November.
one may speculate that many em- settled in June but only after costly On November 12, the French Govployers are hoarding labor because of wage and salary concessions and prom- ernment announced additional domestic
hiring difficulties and are scheduling ises of far-reaching and expensive so- credit curbs, including another increase
short hours for such workers. Another cial reforms. Although industrial pro- in the French Bank rate (from 5 to 6.
possibility is that the ease of finding duction recovered quickly after the percent), and on November 13, the
jobs has attracted larger-than-average strikes—by July it had returned to its British Government disclosed that their
numbers of part-time workers into the April level—the high cost of the trade deficit in October had worsened.
labor force, especially in industries like settlements and a buildup of price All of these developments induced
increases spurred doubts about France's
retail trade.
(Continued on page 11)
The cutback in hours has offset much ability to compete effectively in world
SURVEY OF CUEEENT BUSINESS
December 1968
CHART 2
• Unemployment declined in November to lowest monthly rate in 15 years
• Consumer prices rose sharply in October-up 4.6 percent over the year
• Wholesale prices advanced 0.4 percent in November after little change from July through October
TOTAL PRODUCTION
THE LABOR MARKET
Billion $
PRICES
1958
Million Persons
=100
130
CIVILIAN .LABOR FORCE AND
EMPLOYMENT*
800
750 -
115 ~
110
Quarterly ( ffl )
Monthly (Nov.)
Billion $
1957-59=100
40
125
. UNEMPLOYMENT RATE*
CURRENT DOLLAR GNP** .
(Change From Previous Quarter) .
30
120 -
Total
Married Men
\
Monthly (Nov.)
Quarterly (Iff )
Billion $
Million Persons
750
70
CONSTANT .DOLLAR (1958) GNP*
700
' • '•' Total-'' ' •'
'\ '
no ~
Monthly (Oct.)
Billions
1957-59=100
115
NONFAR8/1 ESTABLISHMENTS
(Employees)
, -
WHOLESALE PRICES
110
\ " • •-
650
~ 140
600
-
105
* Industrial Commodities
,v' : •
550
130 100
120
Quarterly (Iff)
Monthly (Nov.) (Oct.)
Hours
Monthly (Nov.)
Dollars
40
130
PRODUCTION OR NONSUPERVJSORY WORKERS
(PRIVATE),. , . '
. .:
39
3.00
120 -
38
2.80
110 -
37
2,60
36
1967
Quarterly (IE)
* Seasonally Adjusted
1968
2,40
1966
OB
* * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
1957-59=100
;
CONSTANT DGllAft (1058) GNP
(Change from Previous Quarter),
1966
95
BLS
1967
Monthly (Nov.)
1968
90
1966
1967
Monthly (Nov.)
1968
SUKVEY OF CUEEENT BUSINESS
December 1968
CHART 3
• Rise in personal income slowed this October and November, mainly because of payrolls
• Retail sales reached a record high in November after small declines in 2 preceding months
• Plant and equipment expenditures expected to rise $4 billion both this quarter and next
CONSUMPTION AND SAVING
INCOME OF PERSONS
FIXED INVESTMENT
Billion $
750
Billion $
100
PERSONAL CONSUMPTION
EXPENDITURES**
PERSONAL INCOME*
700
75
500 -
650
Producers' Durable Equipment*
\
50
Nonresidential Structures^
600
25
Residential Structures*
550 I I ) < M i i MM
lilt \\ i i [ f IIII I}I I I f M
OBE
Monthly (Nov.)
Billion $
500
Billion $
Billion $
35
WAGES: AND .SALARIES
•'
450
Quarterly (III)
Quarterly (IE)
;
-RETAIL STORE SALES*
: , Total, ••'••
, (left scale)'.
PLANT AND EQUIPMENT
EXPENDITURES **
30
"
1969-Anticipated
(Not Plotted)
I-'712
f IE'-'69.8
Total
400
200
25
350
150
20
\
Excluding Automotive Group
1 , 1 I I I I I 100
300
15 I I I I I I I i I i i I I I M I ill I I I I I I I M I I I M I l
OBE
Monthly (Nov.)
Monthly (Nov.)
Census
Million Units
Million Units
12
Quarterly (TV).
Billion $
6.5
NEW CAR SALES*
10
OBE-SEC
MACHINERY AND EQUIPMENT*
(Manufacturing Firms)
6.0
Domestic
(left scale)
, New Orders
5.5
550 -
Imports
(right scale)
500 -
5.0
' \>*
—
—i 111 111 i i i i I 11 i i i I i i i i 11 i
450
Monthly (Nov.)
Quarterly (IE)
Percent
1958 $
Monthly (Oct.)
Trade Sources & OBE
Million Units
2.5
2,600
2,500
REAL PER CAPITA DISPOSABLE
, PERSONAL INCOME**
_ (In 1958 Dollars) '•; •
2,400
-
2,300
-
PRIVATE NONFARM HOUSING*
2.0
Starts
1.0
Permits
.1..I-.I 1 t \ i r t t i I i i i i I i i i 1 t I
2,200
1967
1966
1968
Quarterly ( H)
* Seasonally Adjusted
* * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
1966
1967
Quarterly ( M)
1968
1966
1967
Monthly (Oct.)
i i i i I t i i i i
1968
Census
SURVEY OF CURRENT BUSINESS
December 1968
CHART 4
Manufacturers' inventories rose $1/2 billion in October, equaling average monthly increase in the third quarter
Merchandise trade registered deficit in October for fourth time this year
In the third quarter the liquidity balance showed its first surplus in over 3 years
INVENTORIES
FOREIGN TRANSACTIONS
GOVERNMENT
Billion $
Billion $
40
CHANGE IN BUSINESS INVENTORIES*
(GNP Basis)
FEDERAL PURCHASES OF
GOODS AND SERVICES**
30
llllLiLll
Quarterly (ffi)
Quarterly ( I f f )
Billion $
160
Billion $
DEFENSE PRODUCTS*
(Manufacturing Firms)
MANUFACTURING, AND TRADE INVENTORIES*
(Book Value, End; of Month)
150
Total
140
-
130 -
120
Monthly (Oct.)
Census & OBE
Billion $
90
80 -
Billion $
Billion J
MANUFACTURING AND TRADE
INVENTORIES* (Book Value,
End of Month)
FEDERAL BUDGET*
(MIA Basis) .
NET FLOW OF PRIVATE U.S., AND FOREIGN CAPITAL
(Other than Liquid Funds)*
I
200
-
Inflow
70 -3,
60
Monthly (Oct.)
Monthly (Oct.)
175
Expenditures
\
150 -
-
<•'****
jf Deficit'
125
Monthly (Oct.)
census & OBE
Ratio
Quarterly { HI)
Billion $
Billion $
125
STATE AND LOCAL PURCHASES
OF GOODS AND SERVICES**
BALANCE OF-PAYMENTS*
/\
, Official Reserve '
>-*^ Transactions Basis
t'
A'
\\
""
'/ \
' \
/
100 -
75 -
50 -
-2
1966
1967
Monthly (Oct.)
* Seasonally Adjusted
Census & OBE
** Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
1968
25
1966
1967
Quarterly {DDL)
1968
1966
' 1967
Quarterly {Iff)
1968
SURVEY OF CURRENT BUSINESS
December 1968
• Durable goods shipments, orders, and backlogs up sharplyin October
• Interest rates and bond yields climbed again in November
• Corporate internal funds rose $V2 billion in third quarter- up $51/2 billion over the year
INDUSTRIAL PRODUCTION
MONEY, CREDIT, AND SECURITIES MARKETS
1957-59=100
I QQ
Billion $
. .
.
.
.
.
150
BANK CREDIT AND MONEY" SUPPLY*
Durable Manufactures,
x *""\
,' Total- V " - .
~X
^X"^\
, ^• /
350
„
. ' * '***
^ *•* '
"/\£vy
•/^^ . • ^~~^*S^f K
V
,
,
190
/
300
^<^./
O7«;
i 111 i iif11
100
1
".
'
'
S"
y
-^./r ' ^X
180
325
^^C /*"*
***
CdRPORATE PROFITS?* -
/
>/<-'-
Bank Credit
(left scale)
<i---""T"%A: / .' -
S^* ^
/\
X'"**
90 —'
Before Tax and Including. IVA
'/
Money Supply
(right scale)
170
80
lAn
FRB
vn
-' *
x^
""
/
^v^-^i • ' -
!%>n durable Manufactures
M H '( I'M » i
140
Billion $
^uu
. .INDUSTRIAL PRODUCTION*
160
f
OTC
170
PROFITS AND COSTS
I 1 1 i i 1 i i ii i
i i t i j 1 j i j i}
Monthly (Oct.)
.J V'Ll .1 1 1 M
FRB
Percent
1 t -,..!,! 1 1,. ( J 1. M
| 1..:
Monthly (Nov.)
. i. t
i
t
i
i
t
t' i
Quarterly ( III )
QBE
Billion $
Billion $
ou
RATIO, OUTPUT TO CAPACITY* „
FREE RESERVES
. --
95
1
. ''
^
•
'
•
'
'
!
\. • ' " "
85
" \%_
70
~''^~~~\^ '• ' 'y^T*^^^^ ™
\
0
'
'-
Internal ;Funds
/s/^^-^SAi.^
90
'
-CORPORATE INTERNAL, FUNDS AND PROFITS**
, ,
_
Manufacturing .
- '^A;*
',
\X^^
^-*S|*' '
"Nw__/^
^N-»«V
60
, Profits After Taxes
'
-• ' •
_]
'
50
_•»».
"-* ^t' \
>-*-^^*^-^
|
"' ™
, - ' " • •
80
•'
I
1 - 1
'
' • t'
'l
-1
"
t
1
Quarterly ( HI )
Billion $
,
. . . . . .
30
w
.. .
...j. ...
'•* New Orders
24
-f\f\ /I
/
y\z
*
,
j i i i f I U I1 L
Monthly (Nov.)
UXj
~~
.* &vf
'{ATV
-
>—*^">-**
-s*cz.y
. . t M.I
*
2
-
0
\r'^
1 i 1 ! 1 1 1
f M
*"
M
3-Month Treasury Bills
I'l
1 M
' M- f i t .! \'\ \ f
.
f ' 1
j- ; ^
OBE
~f " :n
, ^ Compensation-
,\ S .
• ~n •: •n 1 ~0'• * n i ji j
-
_o
BLS
Percent
1941-43= 10
o
INDUSTRIAL PRODUCTION*
180 S'/\'
-• - '
. -\
- ' .-'
:
•
•
/\^— Autos
^ ' Vr'-l
i j |
v/
': -'• ' /*• \*' "*
V
1
r
X\ I
/Steel
\j/
H I'M 1 1 ii t r
1966
Seasonally Adjusted
i
1
19681 Oct. Ill
Sept. 107V FRB
Seasonally Adjusted at Annual Rate;
U.S. Department of Commerce. Office of Business Economics
• .
•V"
100
itTTsi^ii l i t ? i n i ! ill 1 1 i.
Monthly (Oct.)
•
""'
- .~
4
'••••/*/••-
2
,
,
-
'
;
•
-
'
~
Standard and Poor's (500)
xi i\/
/*i
1967
120
\7
Vf^
^
UNITAABOR COSTS,, PRIVATE ECOPIV1Y*
(Change From Previous Quarter)
,
STOCK PRICES
V ^ i j S\
140
190
t
Quarterly ( III )
200
160
Output
Monthly (Nov.)
Census
1957-59=100
^/T"~*'**~^~^-
K^"^ 1 / "V,--"
.
0
i' J
OUTPUT AND' MPENSAtlOW PER MAN-HOUR,
• PRIVATE ECONOMY*- '
<
-. (Change From Previous Quarter)
'
%
T
H ! M f l"l I M
4
-
Corporate Yields, Moody's Aaa
X
4
Monthly (Oct.)
L:_J.'_ i' ' '
Quarterly ( M )
INTEREST RATES AND BOND YIELDS
8
.
Percent
6
t i 1 M I f LM 1
At\
FRB
Percent
i f\
/,
•/j
-/\-- \^
, Shipments
22
,
*\ J\ I
/
26
MI n '1 1 j i'i i f 11 M l j'i i H
j j i i i 11 111i
FRB
DURABLE, GOODS- MANUFACTURERS*
.
• / • ' ' • • ' ' '' ' (
28
_o
i
80
"Sr
M
I M 1t f J 1L
1966
0
—
'"
>
-
•1 I.I- II I.I
-1 1 j M 1 J L U 1 't J 1 t H-l I f |j-:
1967
Monthly (Nov.)
1968
1966
1967
Quarterly ( III )
1968
BLS
SUKVEY OF CUKKENT BUSINESS
December 1968
NATIONAL INCOME AND PRODUCT TABLES
1968
1967
1966
1967
II
III
1967
II
IV
III
1966
1967
II
Seasonally adjusted at annual rates
III
IV
II
III
Seasonally adjusted at annual rates
Billions of current dollars
Billions of 1958 dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross nations! product
747.6
789.7
780.2
795.3
811.0
831.2
852.9
871.0
657.1
673.1
669.2
675.6
681.8
692.7
703.4
712.3
Personal consumption expenditures
465.5
492.2
490.3
495.5
502.2
519.4
527. 9
541.1
417.8
430.5
431.2
431.8
434. 1 444.9
447.5
455.7
70.5
206. 7
188.3
72. 6
215.8
203.8
73.4
215.3
201.6
73.1
216.4
205.9
74.2
218.4
209.6
79.0
226.5
213.9
81.0
228.2
218.7
85.1
232.7
223.4
71.3
186.9
159. 5
72 A
-
191.1
167.0
73.7
191.6
165.9
72, 6
191.1
168.1
73.0
191.6
169.5
77.3
196.5
171.0
78.9
196.1
172. 6
82.5
198.5
174.8
_ _ _ _ _
120.8
114.3
107.6
114.7
121.8
119.7
127.3
127.1
108.8
99.5
94.2
99.3
104.7
101.5
107.3
105.8
106.1
108. 2
105.4
109.3
113.5
117.6
116.5
119.6
94.9
93.6
92.0
94.0
96.7
99.5
97.4
99.0
Nonresidential
Structures
_
____ Producers' durable equipment— _ _ _ _ _ _ _ _ _ _ _ _ _
81.3
28.5
52.8
83.6
27.9
55.7
82.7
27.2
55.5
83.3
27.7
55.6
85.0
27.7
57.3
88.6
29.6
59.0
87.0
28.5
58.5
90.1
28.8
61.3
73.8
23.9
49.9
73.7
22.6
51.1
73.3
22.1
51.1
73.2
22.2
51.0
74.0
22.1
52.0
76.5
23.4
53.0
74.5
22.1
52.4
76 6
21.9
54.7
Residential structures
Nonf arm
Farm
24.8
24.3
5
24.6
24.0
6
22.7
22.1
6
26.0
25.4
.6
28.5
27.9
6
29.1
28.5
6
29.5
28.9
6
29.5
28.9
6
21.1
20.7
5
19.9
19.5
5
18.7
18.2
5
20.8
20.3
5
22.7
22.2
5
23.0
22.6
5
22.9
22 5
5
22.4
21 9
5'
14.7
14.9
— 2
6.1
5.6
5
2.3
2.2
.1
5.3
4.8
.6
8.3
7.1
1.2
2.1
1.6
.4
10.8
10.4
.4
7.5
7.3
1
13.9
14.1
—.2
5.9
5.3
6
2.3
2.1
2
5.2
4.5
7
8.0
6.7
13
2.0
1.6
4
9.9
9.6
4
6 8
6 6
1
5.1
4.8
5.1
5.4
3.4
1.5
2.0
3.3
4.0
2.4
2.8
3.1
1.0
—.1
-.6
.7
43 1
38.1
45.8
41.0
45.5
40.4
46.1
40.6
46.0
42.6
47.5
46.0
49.9
47.9
52.6
49.4
40.1
36.1
41.8
39 3
41.7
38.9
42.1
39.1
41.9
40.9
44 0
44.1
44.7
45.4
47 6
46 9
Durable goods
Nondurable goods
Services
_ __
-
__
-
Gross private domestic investment
__
_ _
--
Fixed investment
_
_ _ _ _ _ _
Change in business inventories
Nonf arm
Farm
_
_
Net exports of goods and services
_ _
Exports
Imports
_
Government purchases of goods and services
__ _
156.2
178 4
177.3
179.6
183.5
190. 5
195 7
199.6
126 5
140 7
141 0
141.4
142 0
146 5
149.2
150.1
Federal
National defense
Other
77 4
60.6
16.8
90 6
72.4
18.2
90.0
72.1
17.9
91.3
72.9
18.4
93 5
74.6
19.0
97.1
76.8
20.3
100 0
79.0
21.0
101 2
79.6
21.5
65 2
74 8
75 1
75 6
75 6
78 1
80.1
79 5
State and local _
78 8
87 8
87.2
88.4
90.0
93.4
95.6
98.4
61 3
65 9
66 0
65.8
66.4
68.4
69.1
70 6
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product
747 6
Final sales
__
Change in business inventories
789 7
780.2
795 3
811 0
831.2
852.9
863 5
7 5
643 2
13 9
871 0
657 1
669 2
675.6
681.8
692. 7
703.4
712. J
667 2
59
666 9
2 3
670 4
5.2
673 8
8.0
690.7
2.0
693.5
9.9
705
6.
673 1
732 8
14 7
783 6
61
778 0
2.3
789 9
53
802 7
83
829 1
21
842 1
10.8
382 2
396 9
394 1
398 9
404 8
414 9
428 4
436 9
355 9
361 0
360 3
361 9
364 4
370.4
379.2
384.
367 5
14 7
390 8
6 1
391 8
2 3
393 6
53
396 5
83
412 8
21
417 6
10.8
429 5
7 5
342 0
13 9
355 1
59
358 1
2 3
356 7
5.2
356 4
8.0
368.4
2.0
369.3
9.9
378.
6.
Durable goods
__ _ _ _ _ __ _
Final sales
Change in business inventories. _ _ _
156 0
145 7
10 2
159 3
156 4
30
157 7
157 1
6
161 1
157 3
38
164 1
159 9
4 2
168 2
166 7
15
175.3
169 1
6 2
180 0
175 1
4 9
151 1
141 5
96
150 3
147 6
2 7
149 9
149 3
6
151.6
148 2
34
152.8
149 0
3.8
155.9
154 5
1.4
161.2
155.6
5.6
164.
160.
4.
Nondurable goods
Final sales___
_
Change in business inventories
226 3
221 8
45
237 6
234 5
31
236 4
234 7
17
237 8
236 2
16
240 7
236 6
41
246 7
246 1
6
253 1
248 5
4 6
256 9
254 4
25
204 8
200 5
43
210 7
207 5
32
210 5
208 8
17
210 2
208 5
1.8
211 6
207 5
4.1
214 5
213 9
.6
218.0
213.7
4.3
219.
217
2.
288 0
314 8
310 9
317 5
324 7
330 4
339 2
347 6
236 4
249 6
247 8
251 2
253 2
255 1
258.7
262.
77 3
77 9
75 3
78 8
81 5
85 8
85 4
86 4
64 8
62 5
61 1
62 5
64 2
67 2
65.5
65.
681.8
692.7
703.4
631 8
641.6
649.7
628.5
604.5
24.0
Goods output- _ _ _ _ _
_
Final sales
Change in business inventories. _ _
Services
_
_
Structures.
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product.
Private.
Business.
_
Nonfarm _ _
Farm
_ _
_
747 6
671 1
__ _
Households and institutions
789 7
704 8
780 2
696 7
795 3
709 8
811 0
722 3
831 2
740 3
759 9
871 0
775 0
657 1
602 1
673 1
614 0
669 2
610 6
675 6
616 0
621 7
712.3
646 7
622 0
24 7
677 9
653 7
24 2
670 7
646 7
24 0
682 4
658 0
24 4
694 1
669 4
24 8
712 4
688 1
24 3
730 8
706 1
24 7
745 6
720 2
25 5
583 4
561 1
22 2
594 0
569 9
24 1
591 2
567 5
23 7
595 6
571 2
24 4
600 8
576 3
24 5
611 4
587. 8
23 6
620.5
596.2
24.3
20 2
22 3
22 1
22 5
22 9
23 5
24 2
24 2
14 8
15 5
15 5
15 6
15 7
16.1
16.3
16.2
4 9
52
4o
4 5
39
4 9
5 2
4 3
4.8
5.1
93 0
96 0
55 0
59 0
58 6
59 6
60 1
60 9
61.8
62.6
Eest of the world
4 2
4 6
4 0
5 0
53
4 4
General government
76 5
84 8
83 5
85 4
88 6
90 8
852 9
SURVEY OF CUEEENT BUSINESS
8
1967
1966
1967
II
III
December 1968
1967
1968
IV
I
II
1966
III
1967
National income _
- - 747.6 789.7 780.2 795.3 811.0 831.2 852.9 871.0
Less: Capital consumption allowances. 64.1 69.2 68.4 70.0 71.1 72.3 73.7 74.9
683.5 720.5 711.8 725.3 739.8 758.8 779.1 796.1
Equals • Net national product
Gross national product
Equals • National income
Less: Corporate profits and inventory
valuation adjustment
. .
Contributions for social insurance
Wage accruals less disbursements
- - -Plus: Government transfer payments
to persons
Interest paid by government
(net) and by consumers
Dividends
Business transfer payments
Equals: Personal income _
1.5
1.3
.5
.7
83.9
80.4
79.6
80.2
82.3
83.8
89.2
91.6
38.0
41.9
41.6
42.1
43.0
45.8
46.5
47.4
.0
.0
.0
.0
.0
.0
.0
.0
41.0
48.6
48.3
48.9
49.7
52.5
55.0
56.3
22.3
21.7
3.0
23.6
22.9
3.1
23.2
23.2
3.1
23.5
23.5
3.2
24.2
22.5
3.2
24.9
23.6
3.2
25.7
24.4
3.3
26.2
25.2
3.3
586.8 628.8 621.6 633.7 645.2 662.7 678.1 694.3
435.6 468.2 461.8 471.5 482.7 496.8 507.1 519.7
316.9 337.1 332.8 339.4 346.0 355.7 362.8 370.9
14.6 16.3 15.9 16.1 17.1 17.5 17.8 18.9
63.1 70.0 68.8 70.8 73.3 75.2 77.0 79.1
Private
Military
Government civilian
Supplements to wages and salaries.. .. 41.1
Employer contributions for social
20.2
insurance
.. .
1.0
620.8 652.9 645.1 656.9 670.9 688.1 705.4 722.5
'
Other labor income
Employer contributions to private pension and welfare funds
Other
Proprietors' income
__
Personal consumption expenditures. 25.3
4.5
Producers' durable equipment
.3
Change in dealers' auto inventories..
Net exports.
Exports
Imports
.0
1.3
1.2
.
31.3
33.7
36.1
36.1
24.9 25.8 25.4
4.5
4.4
4.6
-.5 -1.3 -1.0
25.3
4.5
1.4
28.4
5.0
.6
29.0
5.1
2.3
31.6
5.6
-.6
-.1
1.6
1.7
-.2
1.8
2.0
-.6
1.6
2.2
-.5
2.3
2.9
-.7
2.4
3.1
29.2
-.1
1.6
1.7
.1
1.9
1.8
Addenda:
New cars, domestic 2
New cars, foreign
27.8
2.0
25.9
2.9
26.3
2.8
26.0
3.1
28.0
3.4
30.0
4.0
32.8
4.2
33.1
4,0
Billions of 1958 dollars
Gross auto product l .
30.9
Personal consumption expenditures. 25.7
Producers' durable equipment
4.6
Change in dealers' auto inventories ..
.3
Net exports
Exports
Imports
0.0
1.3
1.3
29.2
30.7
33.0
35.4
35.2
24.8 26.1 25.2
4.4
4.5
4.7
-.5 -1.4 -1.0
24.8
4.4
1.4
27.7
5.0
.6
28.3
5.1
2.3
30.7
5.5
-.6
-.1
1.8
1.9
-.5
1.6
2.1
-.4
2.3
2.8
-.6
2.4
3.0
29.0
0.0
1.7
1.7
29.6
0.0
1.6
1.7
.2
1.9
1.7
New cars, domestic
New cars, foreign
2
28.6
2.0
26.4
2.9
27.0
2.8
26.4
3.0
27.9
3.3
29.9
3.9
32.7
4.1
32.8
3.9
1. The gross auto product total includes government purchases, which amount to $0.2 billion
annually for the periods shown.
2. Differs from the gross auto product total by the markup on both used cars and foreign cars.
48.4
49.4
50.7
22.1
23.5
23.7
24.2
20.8
23.3
22.9
23.7
24.2
25.0
25.7
26.5
17.4
3.5
19.5
3.8
60.7
60.5
61.2
61.1
61.8
62.6
63.4
46.1
46.6
46.8
47.2
47.8
48.0
45.1
—.3
46.6
— 3
Farm. _
15.9
14.4
14.4
14.6
14.3
14.6
14.8
15.4
Rental income of persons
19.8
20.3
20.2
20.4
20.5
20.7
20.9
21.0
Corporate profits and inventory valuation adjustment
83.9
80.4
79.6
80.2
82.3
83.8
89.2
91.6
85.6
81.6
80.3
80.8
85.4
88.9
91.8
92.7
34.6
51.0
21.7
29.3
33.5
48.1
22.9
25.2
33.0
47.3
23.2
24.1
33.2
47.6
23.5
24.1
35.1
50.3
22.5
27.9
39.8
49.1
23.6
25.5
41.1
50.7
24.4
26.3
41.5
51.2
25.2
26.0
.
-1.7 -1.2
20.8
23 3
-.7
-.6 -3.1 -5.1 -2.7 -1.0
22 9
23.6
24 3
25.0
25.8
26.7
Table 7. —National Income by Industry Division (1.11)
Agriculture, forestry, and fisheries
Mining and construction
Manufacturing
Nondurable goods
Durable goods
Transportation
C ommunication
Electric, gas, and sanitary services
Wholesale and retail trade
620.8 652.9 645.1 656.9 670.9 688.1 705.4 722.5
22.5 21.4 21.3 21.6 21.4 21.9 22.2 22.9
38.5 39.7 39.3 39.7 40.3 41.3 42.6 42.9
191.8 196.6 194.4 196.6 201.0 207.7 214.4 218.2
73.2 75.8 74.9 75.9 77.6 80.1 82.1 84.2
118.6 120.8 119.4 120.7 123.4 127.7 132.3 134.0
25.0
12.5
12.2
91.5
26.1
13.1
12.9
96.8
25.9
13.1
12.8
95.9
26.3
13.2
13.1
97.9
26.5 27.3 27.9 28.2
13.3 13.7 13.7 14.6
13.2 13.5 13.6 14.4
99.7 101.8 104.5 107.2
Finance, insurance, and real estate. . . 67.1
Services
71.0
Government and government enterprises .
84.6
Rest of the world
4.2
70.9
77.0
70.2
76.3
71.5
77.7
73.0
79.2
93.6
4.6
92.0
4.0
94.3
5.0
98.0 100.5 102.8 106.3
5.2
4.4
5.3
4.9
74.5
81.3
76.2
82.6
78.6
84.0
Table 8.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6,12)
All industries, total _ .
Financial institutions
Mutual
Stock
Non financial corporations _
Addenda :
46.2
21.6
46.3
All industries, total
29.3
29.0
45.2
21.3
60.7
Inventory valuation adjustment
Billions of current dollars
44.2
44.8
Net interest
Table 5.—Gross Auto Product in Current and Constant Dollars
(1.15, 1.16)
44.8
21.5
Business and professional _
Income of unincorporated enterprises
Inventory valuation adjustment
Profits tax liability
Profits after tax
Dividends. _ _ _ _ _ .
Undistributed profits
30.3
III
394.6 423.4 417.6 426.3 436.4 448.3 457.6 469.0
Wages and salaries
Profits before tax
Gross auto product L..
II
620.8 652.9 645.1 656.9 670.9 688.1 705.4 722.5
Compensation of employees. _
Less: Indirect business tax and nontax
65.3 69.6 69.0 70.1 71.2 72.8 74.8 -76.7
liability
3.3
3. 3
3.2
3.2
3.1 3.1 3.2
3.0
Business transfer payments
Statistical discrepancy. _ . ._ -3.3 -3.5 -3.8 -3.4 -4.2 -4.7 -3.6 -5.3
1.6
I
Table 6.—National Income by Type of Income (1.10)
Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1.9)
1.6
IV
Billions of dollars
Billions of dollars
2.3
III
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Plus: Subsidies less current surplus of
government enterprises
II
1968
M anuf actu ring
Nondurable goods .
Durable goods
Transportation,
communication,
and public utilities
All other industries _
83.9
80.4
79.6
80.2
82.3
83.8
89.2
91.6
10.2
10.3
10.2
10. 3
10.6
11.0
11.2
11.9
2.1
8.2
19
8.4
73.7
70.1
69.5
69.9
71.7
72.9
77.9
79.7
42.8
18.8
24.1
39.2
18.0
21.2
39.1
17.9
21.2
38.5
17.9
20.6
39.9
18.0
21.9
41.3
19.0
22.3
44.9
19.7
25.2
45.3
20.3
25.0
12.0
18.8
11.8
19.0
11.8
18.6
12.0
19.4
11.9
20.0
12.5
19.0
12.5
20.6
13.0
21.4
SURVEY OF CURRENT BUSINESS
December 1968
1967
1966
1967
II
III
9
1967
1968
I
IV
II
III
1966
1967
Seasonally adjusted at annual rates
II
432.7 453.1 448.2 455.6 464.6 477.7
Net interest
_..
491. 1 503.0
43.4
42.9
44.1
44.9
45.7
46.7
47. 6
38.2
40.6
40.3
41.0
41.6
42.6
43.7
45.0
- _ . -1.6 -1.0 -1.1 -1.0
-.9
-.8
400.7 410. 4
316.3 323. 7
280.4 286. 9
35.8 36. 8
-.8
Corporate profits and inventory
80.6 76.8
valuation adjustment
82.4 78.0
Profits before tax..
_ _
34.6 33.5
Profits tax liability .
Profits after tax
_ _ . 47.8 44.5
20.3 21.3
Dividends .
Undistributed profits
. _ 27.5 23.1
Inventory valuation adjustment.. -1.7 -1.2
76.5
77.2
33.0
44.2
21.8
22.4
-.7
76.2 78.1 80.3
76.8 81.2 85.4
33.2 35.1 39.8
43.6 46.1 45.6
21.7 20.6 22.0
21.9 25.5 23.6
-.6 -3.1 -5.1
87.5
67.1
87.9
66.6
87.1
65.3
87.7
66.0
91.0
70.4
91.3
69.3
93.5
70.8
18.9
20.0
19.7
20.3
20.9
21.7
22.5
C ash flow , gross o f di vi dends
Cash flow, net of dividends.Cross product originating in
financial institutions
Gross product originating in
nonfinancial corporations
413.8 433.0 428.5 435.3 443.7 455.9
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies
Compensation of employees.
Wages and salaries. _
Net interest
Corporate profits and inventory
valuation adjustment. .
Profits before tax
Profits tax liability...
Profits after tax.
_
Dividends
Undistributed profits
Inventory valuation adjustment- __
Cash flow, gross of dividends
Cash flow, net of dividends
—.8
85.2 87. 5
87.9 88. 6
41.1 41. 5
46.8 47. 1
22.8 23. 4
24.0
7
-2.7 —1-0
94.
7
71 3
-
468.6 479.0
38.6
42.2
41.7
42.9
43.7
44.4
45.4
4o. o
36.5
38.8
38.5
39.2
39.7
40.7
41.8
43. 0
Income originating in nonfinancial
corporations _ _
338.7 351.9 348.3 353. 3 360.3 370.8
261.1 277.0 273.6 278. 7 283.9 292. 5
233.3 246.8 243.8 248.1 252.8 259.8
27.7 30.2 29.8 30.6 31.1 32.7
7.2
8.6
8.9
9.0
381.4 oo9. o
298.3 oU4. 9
264.9
33.4
9.1 g 3
8.5
8.3
70.4 66.4
72.2 67.6
30.4 28.8
41.8 38.8
19.1 20.1
22.7 18.8
1 7 1.2
66.3
67.0
28.3
38.7
20.5
18.1
.7
65.9 67.5 69.3
66.5 70.6 74.4
28.4 30.2 34.5
38.1 40.4 39.9
20.5 19.4 20.7
17.6 21.0 19.2
—.6 —3.1 —5.1
74.0
76.6
35.6
41.0
21.4
19.6
27
4i'n
80.4
61.3
80.4
59.8
80.9
60.5
86.5
65.0
87. 2
65. 2
81.1
61.0
84.0
64.6
84.3
63.6
7g' Q
357
IS. 9
413.5 420.8
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies
Compensation of employees. _
Net interest
_
_ _ _
Corporate profits and inventory valuation adjustment
PrnfitQ tav linVtilitir
1.133 1.138
.100
.108
.107
.109
.110
.109
.110
.110
.095
.677
.019
.099
.706
.022
.099
.701
.021
.100
.708
.022
.100
.715
.022
.100
.721
.022
.101
.721
.022
. (KM
.183
.079
.169
.073
.170
.073
.168
.072
.170
.076
.171
.085
.179
.086
180
.096
.097
.095
.094
.086
.093
QQ5
Profits after tax plus inventory valuation adjustment- _ .104
102
.725
1. Excludes gross product originating in the rest of the world.
2. This is equal to the deflator for gross product of nonfinancial corporations, with the d<»f.im oi
point shifted two places to the left.
Personal income
Wage and salary disbursements
Commodity-producing industries -Manufacturing
Distributive industries. _
Service industries
. _ _ __ _
Government
j
586.8 628.8 621.6 633.7 645.2 662.7 678.1 694.3
394.6
159.4
128.0
93.9
63.6
77.7
423.4
166.6
134.1
100. 5
70.0
86.3
417.6
164.1
132.3
99.6
69.1
84.7
426.3
167.1
134.6
101.4
70.8
86.9
436.4
170.5
137.1
103.1
72.4
90.4
448.3
175.6
141.2
105.6
74.5
92.6
457.6
178.6
143.8
108.0
76.2
94.8
469.0
181.6
146. 7
111.1
78.2
98.1
Other labor income
20.8
23.3
22.9
23.7
24.2
25.0
25.7
26.5
Proprietors' income
Business and professional
Farm
60.7
44.8
15.9
60.7
46.3
14.4
60.5
46.1
14.4
61.2
46.6
14.6
61.1
46.8
14.3
61.8
47.2
14.6
62.6
47.8
14.8
63.4
48.0
15.4
Rental income of persons..
Dividends
Personal interest income
19.8
21.7
43.1
20.3
22.9
46.8
20.2
23.2
46.1
20.4
23.5
47.2
20.5
22.5
48.5
20.7
23.6
49.8
20.9
24.4
51.4
21.0
25.2
52.9
Transfer payments
Old-age, survivors, disability, and
health insurance benefits
State unemployment insurance
benefits
Veterans benefits
Other
43.9
51.7
51.4
52.1
52.9
55.7
58.3
59.5
20.8
25. 7
25.8
26.0
26.4
28.2
30.5
30.9
1.8
5.7
15.6
2.1
6.6
17.3
2.1
6.6
16.9
2.2
6.5
17.3
2.0
6.8
17.7
2.2
7.0
18.4
1.9
7.1
18.8
2.1
7.2
19.3
Less: Personal contributions for
social insurance
17.8
20.4
20.3
20.6
20.9
22.3
22.8
23.2
Less: Personal tax and nontax payments___
.
75.3
82.5
80.1
83.6
85.6
88.3
91.9 101.6
Equals: Disposable personal income-.. 511.6 546.3 541.5 550.0 559.6 574.4
586.3 592.7
Less • Personal outlays
_ _ _ ^ _ _ 478.6 506.2 504.5 509.5 516.1 533.5
Personal consumption expenditures- 465.5 492.2 490.3 495.5 502.2 519.4
Interest paid by consumers
12.5 13.1 13.1 13.2 13.3 13.4
Personal transfer payments to foreisners
.6
.8
1.2
.8 v .7
.7
Equals * Personal saving
32.9 40.2 37.0 40.5 43.4 40.8
542.3 555.6
527.9 541.1
13.6 13.8
Addenda:
Disposable personal income :
Total, billions of 1958 dollars
.8
.7
44.0
37.1
459.2 478.0 476.3 479.5 483.7 491.8
497.1 499.2
Per capita, current dollars... . -_. 2,598 2,744 2,723 2,758 2,798 2,866
Per capita, 1958 dollars.
.__ 2,332 2,401 2,395 2,404 2,418 2,454
2,918 2,942
2,474 2,478
Table 11. —Personal Consumption Expenditures by Major Type (2.3)
Personal consumption expenditures.
465.5 492.2 490.3 495.5 502.2 519.4
527.9 541.1
70.5
72.6
73.4
73.1
74.2
79.0
81.0
85.1
Automobiles and Darts
30.4
Furniture and household equipment . 29.8
Other
10.3
30.4
31.4
10.9
31.2
31.2
11.0
31.0
31.4
10.8
31.4
31.8
11.1
34.6
33.3
11.1
35.4
33.9
11.7
38.1
35.4
11.5
Nondurable goods
Food and beverages
Clothing and shoes
Gasoline and oil
Other
Dollars
Current dollar cost per unit of
1958 dollar gross product
originating 2in nonfinancial
1.074 1.104 1.098 1.107 1. 117 1.123
corporations
III
22 o
Billions of 1958 dollars
Gross product originating in
nonfinancial corporations. __
385.5 392.3 390.1 393.4 397.2 405.9
II
Table 10.—Personal Income and Its Disposition (2.1)
39.7
Income originating in corporate busi354.8 369.0 365.0 370.5 378.1 389.4
ness
275.7 293.3 289. 6 295.3 300.9 309.9
Compensation of employees
246.1 260.8 257.6 262.5 267.5 274.9
Wages and salaries.
29.6 32.4 32.0 32.8 33.4 35.1
Supplements.- ._
I
Billions of dollars
Table 9.—Gross Corporate Product1 (1.14)
Gross corporate product _ _ _ _ _
IV
Seasonally adjusted at annual rates
Billions of dollars
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies
III
1968
Services
Housing
Household operation _ _
Transportation..
Other
206.7 215.8 215.3 216.4 218.4 226.5
228.2 232.7
106.4 109.4 108. 9 109.1 110.8 113.6
39.8 42.1 42.4 42.8 42.3 '44. 6
16.6 18.1 17.8 18.3 18.6 19.7
43.8 46.2 46.2 46.2 46.7 48.5
116.4 117.7
44.8 47.2
19.4 20.0
47.6 47.8
188.3 203.8 201.6 205.9 209.6 213.9
218.7 223.4
67.3
27.1
13.6
80.4
70.9
29.0
15.0
88.9
70.4
28.7
14.8
87.7
71.2
29.2
15.1
90.4
72.2
29.9
15.5
92.0
74.0
30.3
16.2
93.3
75.4
31.0
16.3
95.9
76.9
31.5
16.8
98.2
Table 12. — Foreign Transactions in the National Income and
Product Accounts (4.1)
Receipts from foreigners ..
Payments to foreigners
Imports of goods and services ..
43.1
45.8
45.5
46.1
46.0
47.5
49.9
43.1
45.8
45.5
46.1
46.0
47.5
49.9
52.6
43.1
45.8
45.5
46.1
46.0
47.5
49.9
52.6
52.6
38.1
41.0
40.4
40.6
42.6
46.0
47.9
49.4
Transfers to foreigners
Personal
__
Government
2.9
.6
2.3
3.1
.8
2.2
3.4
1.2
2.3
3.4
.8
2.6
2.6
.7
1.9
2.6
.7
1.9
2.8
.8
2.1
2.8
.7
2.1
Net foreign investment
2.2
1.7
1.6
2.1
.8 -1.1
-.8
.5
SURVEY OF CUEEENT BUSINESS
10
1967
II
III
1967
1968
1967
1966
December 1968
I
IV
II
1966
III
1967
II
III
Table 13.—Federal Government Receipts and Expenditures (3.1, 3.2)
61.7
32.4
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax
15.8
accruals
Contributions for social insurance... 33.1
142.4
Federal Government expenditures
77.4
60.6
16.8
Prrchases of goods and services
National defense. _ _
_ _ _.
Other
-
35.7
33.4
2.3
Transfer payments. _ To p e r s o n s . _ _ _ _ _ _ _ _
To foreigners (net) _
Grants-iii-aid to State and local governments
151.2
148.2
152.2
156.4
171.8182.1
166.6
67.3
30.9
65.1
30.5
68.2
30.6
69.7
32.4
72.0
37.0
74.9' 83.7
38.2j 38.6
16.2
36.8
16.1
36.5
16.3
37.0
16.4
37.9
17.0
40.5
17.5! 17.8
41.2 j 42.0
163.6
90.6
72.4
18.2
42.3
40.1
2.2
161.5
90.0
72.1
17.9
42.1
39.9
2.3
165.1
91.3
72.9
18.4
42.9
40.3
2.6
168.6
93.5
74.6
19.0
42.7
175.1
181.9184.9
97.1
76.8
20.3
100.0'101. 2
79.0 79.6
21.0
47.7 48.7
45.6 46.6
2.1
45.1
43.2
1.9
14.4
15.7
14.6
15.9
17.0
17.7
18.5
.
9.5
10.3
9.9
10.2
10.7
11.3
11.8 12.1
Subsidies less current surplus of government enterprises
5.4
4.8
4.8
4.6
Net interest paid
.__-.
Surplus or deficit (—), national
income and product accounts._-_ _
State and local government expenditures
Purchases of goods and services-__-_
Transfer payments to persons
Net interest paid
Less: Current surplus of government
enterprises
Surplus or deficit ( —), national
income and product accounts, . _
Gross national product. _
-13.3
.7
4.4
-10.2 -2.8
-12.9 -12.2
84.6
91.9
90.0
92.7
95.5
97.8
100.8 103.6
13.6
2.2
15.2
2.6
15.0
2.5
15.4
2.5
15.8
2.7
16.3
2.8
17.0 17.9
2.9 2.9
49.5
4.8
14.4
53.4
5.1
15.7
52.8
5.1
14.6
53.8
5.1
15.9
54.7
5.1
17.0
55.8
5.2
17.7
57.3 58.9
5.3 5.4
18.3 18.5
83.5
93.3
92.6
93.8
95.8
99.5
101.9 104.9
78.8
7.5
.3
87.8
8.5
.2
87.2
8.4
.2
88.4
8.6
.2
90.0
9.0
.2
93.4
9.2
.2
95.6 98.4
9.4 9.6
.3
.3
3.1
3.3
3.3
3.3
33
3.4
1.1 — 1.4
-2.6
-1.1
-.4 -1.7
3.4
118.0 118.7
98.8 100.4 99.6 100.7 101.7 102.2
110.6 112.9 112.4 113.3 114.0 115. 2
118.1 122.1 121.5 122.5 123.7 125.1
102.7 103.1
116.4 117.2
126.7 127.8
Fixed investment
111.8 115.6 114.6 116.2 117. 4 118.3
119.6 120.8
Nonresidential
110.2 113.5 112.9 113. 8 114.9 115.8
116.7 117.6
Structures
119.0 123.6 122.7 124.6 125. 5 126.3
Producers' durable equipment.. 106.0 109.1 108. 6 109.1 110.3 111.2
128.8 131.3
111.7 112.1
117.4 123.1 121. 4 124.8 125.6 126. 3
117.4 123.1 121.4 124.9 125.7 126.3
116.4 122.6 121.7 123.4 124.6 125.4
128.9 131.7
128.9 131.8
128.4 129.3
107.6 109.5 109.2 109.3 109.7 107.9
105.5 104.2 103.9 104.0 104.1 104.3
111.6 110.6
105.6 105.2
Durable goods
Nondurable goods
Services. ._ _ .
_ _ _.
Gross private domestic investment
Residential structures - - Nonfarm
Farm
.
. .
124.6
133.3
Personal saving
: 32.9 40.2
Undistributed corporate profits
29.3 25.2
Corporate inventory valuation adjustment
-1.7 -1.2
Corporate capital
consumption
allowances
39.7 43.4
Noncorporate capital consumption
allowances
24.4 25.7
Wage accruals less disbursements
Gross investment..
1.7 -13.8
-1.1 -1.3
Change in business inventories
Exports
Imports _
.
128.9
37.0
24.1
134.1
40.5
24.1
139.4
43.4
133J
25.5
141.4137.0
44.0 37.1
26.3 26.0
-.7
-.6 -3.1 -5.1 -2.7 -1.0
42.9
44.1
25.5
.0
25.9
.0
26.3
.0
123.0
116.0
45.7
46.7 47.6
26.6
.0
27.0
.0
-3.3
-3.5
116.7
122.6
118.7
126.5127.5
107.6 114.7 121.8 119.7 127.3 127.1
2.1
.5
-1.1
1.6
-3.8
-3.4
-4.2
-4.7
129.2
130. 1 131.1 133.0
118.8 121.2 120.0 120.7 123.7 124.4
128.4 133. 3 132.2 134.3 135.5 136.6
124.9 127.2
138.4 139.4
Table 17.—Implicit Price Deflators for Gross National Product by
Major Type of Product (8.2)
Gross national product _
Goods output
113.8
117.3
116.6 117.7
107.4 110.0 109.4 110.2
Durable goods
Nondurable goods..
118.9
120.0
111.1 112.0
103.2 106.0 105.2 106.2 107.4 107.9
110.5 112.8 112.3 113.1 113.8 115.0
121.2122.3
113.0113.6
108.7 109.2
116.1 116.9
Services
121.8
126.1 125.5
126.4
129.5
131.1132.5
Structures
119.3
124.6
126.1 127.0 127.7
130.2132.6
123.2
128.2
Addendum:
Gross auto product _
98.1 100.0
100.5 101.9
102.1
102.0102.3
Table 18.—Implicit Price Deflators for Gross National Product by
Sector (8.4)
...
Households and institutions
General government
113.8 117.3 116.6 117. 7 118.9 120.0
121.2 122.3
111.4 114.8 114.1 115.2 116.2 117.2
118.4 119.3
110. 9 114.1 113.4 114.6 115.5 116.5
110.8 114. 7 114.0 115.2 116.2 117.1
111.2 100.7 101. 2 100. 2 101.1 103.2
117.8 118.6
118.4 119.1
101.9 106.3
136.6 143. 7
139.1 143.7 142.4
143.4
147.6 149.1
150.5 153.4
HISTORICAL DATA
.0
-15.9 -14.0 -12.5 -10.3 -11.3 -4.1
109.3
__•
Government purchases of goods and
services
123.5 126.8 125.7 127.0
Business
Nonfarm
Farm
.7 -12.4 -13.3 -12.9 -12.2 -8.6 -10.2 -2.8
1.1 -1.4
-1.1 -.4 -1.7 -1.1 -1.3
Gross private domestic investment. _ 120.8 114.3
Net foreign investment
2.2
1.7
Statistical discrepancy.
-
3.4
Table 15.—Sources and Uses of Gross Saving (5.1)
Federal
....
State and local.
121.2 122.3
111.4 114.3 113.7 114.7 115.7 116.8
Gross national product
Government surplus or deficit (—),
national income and product
accounts
113.8 117.3 116.6 117.7 118.9 120.0
Personal consumption expenditures
Private. .
Gross private saving.
HI
Net exports of goods and services. _ . .
4.1
Table 14.—State and Local Government Receipts a*nd Expenditures
(3.3,3.4)
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax
accruals.
Contributions for social insurance
Federal grants-in-aid _
II
Table 16.—Implicit Price Deflators for Gross National Product (8.1)
Federal
State and local. .
State and local government receipts
I
Index numbers, 1958=100
Billions of dollars
143.0
IV
Seasonally adjusted
Seasonally adjusted at annual rates
Federal Government receipts.
1968
-3.6 -5.3
Historical national income and product data are available
from the following sources:
1964-67: July 1968 SURVEY OF CURRENT BUSINESS.
1929-63: The National Income and Product Accounts of the
United States, 1929-65, Statistical Tables (available from any
U.S. Department of Commerce Field Office or from the Superintendent of Documents, U.S. Government Printing Office,
Washington,.B.C. 20402, price $1.00 per copy).
SUEVEY OF CUERENT BUSINESS
December 1968
extraordinary capital flows from the German Government took the position
franc and the pound to the D-mark. that the differences among currency
The heavy run on currencies continued values would be lessened as the Geruntil November 20, when the major man economy continued to expand and
exchange markets were closed and as inflationary pressures in the United
when the finance ministers of the States, France, and the United KingGroup of Ten met in Bonn to discuss dom were reduced. The Germans demeans for stabilizing the international cided to lower taxes on imports and
rebates on exports, which would have
financial system.
Throughout the search for a solution, the same effect on trade as a moderate
West Germany chose not to revalue upward revaluation. In addition, they
the mark for fear that such a move imposed banking controls aimed at
would make later readjustment ex- keeping speculative money out of the
tremely difficult. The Germans em- country.
France, on the other hand, avoided
phasized that a revaluation would
raise the price of exports, reduce the a devaluation of the franc and opted
cost of imports, and thereby blunt the instead for an austerity program inrecovery of the German economy. The volving higher consumer taxes and
Plant and Equipment ProgramsExpansion Projected in First Half 1969
11
lower government spending, a reestablishment of exchange controls, and an
acceptance of a credit line of some $2
billion from other governments. Britain
also adopted further austerity measures
in an effort to bolster the badly weakened pound. It announced heavy tax
increases aimed at curbing domestic
spending and other measures aimed at
reducing imports, and added more restraints on bank lending activity.
Although the Bonn meetings concluded without changes in the par
value of currencies and without substantial alterations to the international
financial mechanism, the program that
did emerge served to quell the speculation and restore relative calm to
exchange markets.
CHART 6
New Plant and Equipment Expenditures
fourth quarter of 1968 and the first half
Businessmen in both manufacturing
of 1969. According to the November
and nonmanufacturing industries are
OBE-SEG survey of business investscheduling substantial increases in their
ment intentions, actual expenditures
plant and equipment expenditures in
in
the third quarter rose $0.8 billion at
the final quarter of 1968 and the first
a seasonally adjusted annual rate and
half of 1969. The realization of current
programs would put the seasonally adare scheduled to move up by $4 billion
justed annual rate of outlays in the first
increments in the next two quarters.
half of next year 9 percent above the
Tentative anticipations for the second
1968 total. Manufacturers started a
quarter point to a moderate decline,
record volume in new projects in the
but the annual rate of spending for the
third quarter of this year, partly in
first half comes to more than $70
response to increasing concern about the
adequacy of capacity over the next 12
billion, 9 percent above the total for
months.
all of 1968. An increase of 11 percent
is indicated for manufacturing and 8
percent for nonmanufacturing.
BUSINESSMEN expect to make subThe anticipated rise in manufacstantial increases in their expenditures turing is noteworthy because manufor new plant and equipment in the facturing investment has changed little
Programs advance over a broad industrial front
in late 1968 and early 1969
Table 1.—Expenditures for New Plant and Equipment—1968-69
[Billions of dollars, seasonally adjusted at annual rates]
1968
All industries
Manufacturing- _
_ _
_ _
Durable goods ._ _ _ _ __ _ _ __
Nondurable goods
.
Nonmanufacturing
_ _
_ __
__
1969
IV 1
II 1
I
II
64.75 J
62.65
63.45
67.25
71.15
69.80
26.35
13.65
12.70
25.80
12. 80
13.00
26.65
13.65
13.05
28.10
14.15
13.90
29.60
15. 10
14.50
29.70
15. 40
14. 30
38.40
36.85
36.75
39.20
41.50
40.10
III
Ii
1965
1966
1967
o Anticipated
1
Anticipated in late October and November.
1968
1969
Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
Data: OBE-SEC
RR-12-6
STJBVEY OF CURRENT BUSINESS
12
December 1968
reflected revisions below expectations for 1968 first reported in February.1
ever since late 1966. Actual outlays
in the third quarter of 1968 were
Manufacturing Programs
about 2 percent short of businessmen's
Plant and equipment outlays in 1968
expectations reported in the August
by manufacturers are now expected to
survey, with the shortfall occurring
be about the same as in 1967. An inprimarily among the nonmanuf acturing
crease of 1}| percent for nondurable
industries. However, the most recently
goods producers is largely offset by a 1
programed capital expenditures for the
percent decline in the durable goods
fourth quarter, at $67.3 billion, are 3 industries.
percent above the August projection.
In the nondurable goods category,
It now appears that spending for all increases are indicated for petroleum
of 1968 will total $64.5 billion, 4.7 per- refining and "other nondurable goods"
cent above 1967. This is slightly higher producers while decreases show up for
Revision in programs
than was projected in August, but 1 the chemical, textile, and paper indusIn general, the survey results have percent below the annual anticipation tries. Among the durables, investment
is higher in the electrical machinery,
CHART 7
nonferrous metals, and "other durable
goods" groups; the rest report lower
Manufacturers' Evaluation of Their Capacity Needs1
outlays this year.
Durable goods producers are proThis year Increasing proportions of manufacturing firms have felt the need for more capacity
graming a fourth quarter spending increase of 4 percent and further increases
DURABLE GOODS
NONDURABLE GOODS
of
7 percent and 2 percent in the first
Percent of Capital Assets
over the past 2 years and because
of the importance of manufacturing
in cyclical changes. Behind the prospective rise in manufacturers7 expenditures is a sharp advance in starts
of new projects this summer, continuing an upturn that began late last year.
The spurt in starts reflects another
key finding in the survey: Since early
in the year, an increasing number of
manufacturers have viewed their existing capacity as inadequate for current
and prospective sales over the next 12
months.
MORE PLANT AND EQUIPMENT NEEDED
Percent of Capital'Assets
.* 60
55
1
The reported figures for anticipations are adjusted for
systematic biases when necessary (footnote 2, table 5). Before
adjustment, expenditures were anticipated to be $64.3
billion for all industries, $26.7 billion for manufacturing, and
$37.5 billion for nonmanufacturing. The adjustments were
applied separately to each major industry; the net effect was
to raise the manufacturing total by $0.04 billion and the nonmanufacturing total by $0.22 billion.
Table 2.—Percent Change in Plant and
Equipment Expenditures, 1966-68
Actual
196667
All industries L__
Manufacturing *
Durable goods i
Primary metals
Machinery
Transportation
equipment.
Stone, clay, and
glass
Mining
.
Railroad
1965
67
68
69
1965
66
67
68
69
Feb. May
Aug.
Nov.
1.7
5.8
6.7
4.4
-1.1
-2.1
4.6
3.5
-.5
.3
5.1
5.1
-.2
-.8
.7
-2.4
4.7
5.8
3.3
-3.7
12.6
10.8
-2.0
-2.2
-2.8
-8.9
-2.3
1.2
-5.7
-6.8
-9.4 -3.0
-4.5
-3.0
4.2
5.8
1.8
.9
1.0
.4
7.5
5.7
11.2
14.3
4.8
4.8
-17.0 -5.9
-.9
-1.6
-19.9
Nondurable goods i _ _
.0
1.4
Food and beverage-21.3
Textile
Paper
9.0
Chemical._ -3.6
Petroleum
5.0
15.3
Rubber
PLANT AND EQUIPMENT EXCEEDS NEEDS
Actual 1967 to anticipated
1968 as reported in
-2.9
-22.4
-3.4 -6.7 -11.5
1.8 -1.9
5.3
-1.5 -2.3 -3.3
21.3 23.1
6.1
22.7
1.5
.7
-7.3
-7.6
-5.7
6.8
25.2
Transportation other
than rail
12.7
16.4
15.2
17.3
15.0
Public utilities
17.5
10.1
13.0
14.2
15.2
Communication
5.3
9.0
12.8
8.5
5.9
Commercial and other _ _ -3.2
2.1
3.5
1.8
2.5
End of Quarter
1. After taking into account current and prospective sales for the next 12 months.
U.S. Department of Commerce, Office of Business Economics
Data: OBE-SEC
68-12-7
1. Includes industries not shown separately.
Sources: U.S. Department of Commerce, Office of Business
Economics, and the Securities and Exchange Commission.
December 1968
SUEVEY OF CUEEENT BUSINESS
13
largest relative increases.
Expenditures by nondurable goods
manufacturers are expected to rise 7
percent this quarter and 4 percent the
next, with little further change in the
second quarter of 1969. The textile,
paper, and petroleum industries are the
principal contributors to the expected
expansion in outlays of this group in
the final quarter of 1968 and first half
and second quarters of 1969. All major
industries are scheduling higher investment in the first half of 1969, with the
nonelectrical machinery and stone, clay,
and glass industries projecting the
Table 3.—Starts and Carryover of Plant and Equipment Projects, Manufacturing and Public Utilities 1966-68
[Billions of dollars]
Carryover 2
Starts i
1966
1967
I
II
III
1968
1967
1966
Annual
I
IV
II
III
I
IV
II
III
1968
1967
1966
Mar. June Sept. Dec. Mar. June Sept. Dec. Mar. June Sept.
28.79 25.49 6.89 6.93 6.99 7.99 6.47 7.25 5.37 6.41 6.51 6.64 6.97
18.19 18.33 18.48 18.71 19.08 19.52 18.41 17.51 18.24 18.38
18.72
Durable goods 3
_
16.17 12.69 3.87 3.78 3.71 4.81 3.26 3.46 2.54 3.43 3.26 3.39 3.40
Primary metals
_ _ 3.98 2.65 .76 .91 .80 1.51 .75 .88 .32 .70 .84 .64 .90
Electrical machinery
_ 1.50 1.24 .46 .32 .32 .41 .38 .27 .25 .35 .30 .41 .24
Machinery except electrical _
3.10 3.02 1.14 .49 .56 .90 .88 .70 .71 .73 .63 .59 .60
3.22 2.24 .59 .96 .92 .76 .53 .66 .46 .59 .67 .70 .78
Transportation <= q uipment
Stone, clay, and glass
.83
.58 .14 .25 .18 .26 .12 .18 .12 .16 .18 .31 .22
10.25 10.52 10.69 11.43 11.61 11.61 10.82 10.42 10. 72 10. 89
3.68 3.82 3.86 4.48 4.55 4.62 4.15 3.92 4.08 3.96
.94
.92
.97 1.08 1.05 1.00
.98 1.00 1.10
.89
1.31 1.12 1.00 1.02 1.19 1.11 1.12 1.08 1.05 1.00
2.88 3.06 3.18 3.12 3.03 2.98 2.76 2.60 2.72 2.82
.34
.34
.32
.30
.45
.45
.43 .42
.28
.48
10.92
4.02
1.04
.95
2.95
.50
NondurabV goods 3
Foo d and b average
Textile.,
Paper
Chemical
Petroleum
.
12,62 12.80 3.02 3.15 3.28 3.17 3.21 3.78 2.83 2.98 3.25 3.25 3.56
1.29 1.46 .30 .36 .27 .36 .32 .41 .38 .35 .32 .46 .36
1.11 .78 .33 .28 .24 .25 .18 .21 .13 .26 .14 .19 .26
1.33 1.61 .35 .27 .45 .26 .41 .56 .37 .27 .65 .46 .26
3.37 2.46 .73 .90 .94 .81 .66 .98 .50 .32 .68 .74 .65
3.91 4.92 .97 .95 .92 1.08 1.25 1.32 1.08 1.27 1.05 1.02 1.60
7.94
.78
.60
1.04
2.01
2.93
10.68 13.92 3.38 2.28 2.28 2.74 4.93 3.30 2.62 3.06 4.62 3.41 2.23
9.82 10.01
Manufacturing
._
_
Public utilities..
.
7.81
.77
.56
.94
2.15
2.80
7.79
.70
.52
1.00
2.35
2.59
7.28
.69
.52
.81
2.27
2.38
7.47
.68
.48
.82
2.23
2.61
7.91
.70
.46
.96
2.44
2.76
7.59
.74
.38
.91
2.25
2.74
7.09
75
.40
.78
1.85
2.66
9.92 10.30 13.40 14.24 14.20 14.34
7.52
.77
.37
1. 11
1.92
2.64
7.49
.85
.37
1.18
1.95
2.48
7.80
.83
.44
1.09
1.95
2.84
16*; 62 17.07 16.34
Seasonally adjusted
6.72 6.86 7.68 7.43 6.42 7.21 5.91 5.96 6.58 6.59 7.80
17.90 18,06 18.85 19.34 18.80 19.27 18.64 18.09 18.08 18.22
19.35
3.63 3.79 4.26 4.37 3.14 3.56 2.94 3.15 3.27 3.44 4.00
3.08 3.07 3.43 3.06 3.28 3.65 2.98 2.81 3.31 3.15 3.80
10.03 10.36 11.03 11.78 11.37 11.50 11.06 10. 84 10.70 10.93
7.86 7.69 7.82 7.57 7.43 7.77 7.58 7.25 7.38 7.29
11.52
7.83
9.24 10.25 10.94 12.10 13.46 14.59 15.07 15.43 16.43
16.75
Manufacturing. .
Durable goods
Nondurable goods .
.
2.38 2.59 3.15 2.82 3.46 3.78 3.59 3.14 3.26 3.92 3.04
Public utilities. .
8.73
3
1
Starts are estimated by adding changes in carryover to expenditures during the given
period.
2
Carryover refers to expenditures yet to be incurred on plant and equipment projects
already underway at end of period.
Includes industries not shown separately.
Sources: U.S. Department of Commerce, Office of Business Economics, and the Securities
and Exchange Commission.
Table 4.—Manufacturers' Evaluation of Their Capacity
of 1969. Chemical companies expect expenditures to change little this quarter
but to rise sizably in the coming first
half.
[Percent distribution of gross capital assets] 1
47
CQ
••$_
a
CO
%
ft
19 67
co
£
a
s
CO
%
ft
o>
02
1968
i-H
fl
s
June 30
W
3 co
a 8
o>
ft
June 30
June 30
i-H
CO
s A
Q •a
co
19 66
18 65
June 30
1964
43
38
31
43
49
42
78
39
40
39
S5
47
<10
38
67
27
41
41
41
44
41
41
65
29
45
44
44
46
45
49
71
3^
52
55
53
54
49
53
20
60
55
W
-19
58
57
53
W
44
51
*>6
53
1}
W
50
48
41
50
52
45
27
67
5
8
15
4
q
TI
5
9
1
5
2
1
Q
co
o
co
A
%
"ft
o
m
More plant and equipment needed :
All manufacturing 2
Durable goods
Primary metals. 3 .
Metal fabricators
Nondurable goods 2 _
Food and beverage
Chemical
Petroleum
41
44
41
46
S9
70
^8
42
42
48
39
43
S7
79
94
49
53
51
45
40
8?
94
49
53
53
61
46
44
80
24
48
50
53
51
46
46
83
23
51
52
61
51
4P
50
51
56
5^
49
47
81
S1
83
51
51
4?
54
51
50
?0
79
R*>
50
38
56
54
54
90
76
47
44
3?,
46
50
50
16
70
45
40
33
37
50
47
19
71
47
44
33
47
50
44
16
73
•15
49
95
47
48
46
18
67
4*>
49
30
46
48
47
16
68
6
8
14
5
3
11
1
(4)
6
8
14
5
3
q
1
(4)
6
7
15
3
5
10
1
6
6
5
4
7
6
6
14 14 14
2
9
2
4
4
3
9 10
7
1 1 1
9
5
4
5
7
14
4*>
10
50
51
58
5?
49
47
87
SO
47
49
54
51
44
45
88
22
45
45
48
48
45
49
80
97
45
44
49
49
46
40
76
?7
17
46
43
98
47
48
46
50
48
38
49
51
50
19
71
^0
49
43
48
51
54
49
48
49
48
51
50
69
48
44
39
46
52
47
11
76
99
69
6?
4
6
14
1
3
7
1
1
5
5
5
5
5
7
7
7
7
7
14 14 15 15 16
1
3
1
3
3
9
3
4
2
4
fi 5 5
8, 8
1 1 9
2
2
2
9
i 1 1
46
45
"H
49
47
45
75
About adequate:
All manufacturing 2
Durable goods
Primary metals
Metal fabricators 3
Nondurable goods 2
Food a n d beverage
Chemical
Petroleum
__
_ _
_ _ _ _ _
19
9^
5n
79
70
Existing plant and equipment exceeds needs:
All manufacturing.2 __ __
Durable goods Primary metals
Metal fabricators 3
Nondurable goods 2
Food and beverage
Chemical
Petroleum
_ _
c.
9
R
8
1
9
fi
2
1
5
8
15
4
3
"6
2
1
1
According to respondent companies' characterizations of their plant and equipment facilities, taking into account their
current
and prospective sales for the next 12 months.
2
Includes
industries not shown separately.
3
Includes
machinery, transportation equipment, and fabricated metals industries.
4
Less than 0.5 percent.
Sources: U.S. Department of Commerce, Office of Business Economics and the Securities and Exchange Commission.
Uptrend in starts accelerates
Underlying the sharp increase in
capital expenditures this fall and winter
is a pronounced pickup in starts of new
investment projects. Manufacturers
started a record value of new projects
in the third quarter of 1968, continuing
the upturn that began in late 1967. At
$7.8 billion, starts were up 18 percent
from the preceding quarter and almost
one-third from the recent low in the
third quarter of 1967.
The rise in starts was about equally
divided between the durable and nondurable goods groups. For the heavy
goods industries, the increase amounted
to one-sixth from the preceding quarter
and to one-third from the third quarter
of 1967. Primary metal and motor
vehicle companies were in the forefront
of this advance; starts by machinery
producers declined from their high
second quarter rate.
14
SUEVEY OF CURRENT BUSINESS
Petroleum, rubber, and textile companies accounted for virtually all of
the $0.6 billion increase in starts by
nondurable goods producers from the
second to the third quarter. All major
industries except food and paper
reported increases in starts over yearearlier rates; starts for petroleum producers showed the largest increase—
about one-half.
With third quarter starts well above
expenditures, manufacturers' carryover
of plant and equipment projects—i.e.,
expenditures still to be incurred for
projects not yet completed—rose $1.1
billion to reach a record $19.3 billion
at the end of September. This carryover
represented 2.9 quarters of expenditures—up from the ratio of 2.8 in both
the preceding and year-earlier quarters.
Carryover of the durable and nondurable goods groups increases about
$K billion each from June 30 to September 30, with all major industries except
paper contributiag to the rise.
Capacity needs increasing
December 1968
down 3 percentage points from the end
of June. Declines in this category were
general throughout manufacturing.
Companies reporting plant and equipment in excess of current and nearterm needs accpunted for only 5 percent of fixed assets at the end of
September as compared with 6 percent
at the end of June.
Companies owning 45 percent of fixed
assets in manufacturing reported that
they needed more facilities, in answer
to the question, "Taking into account
your current and prospective sales
for the next 12 months, how would
you characterize your September 30,
1968, plant and equipment facilities?77
Although the latest ratio is well below Nonmanufacturing Programs
the record 51 percent reached in March
1966, it is substantially higher than the
Aggregate investment by nonmanu41 percent reported this June 30. facturing companies is expected to total
Indeed, since March of this year, the $3.7.8 billion in 1968, up $2.8 billion or
proportion of facilities considered in- 8 percent from 1967. This year, these
adequate has been rising, with the firms are providing major support for
September figure representing a distinct investment as they did in 1967. Then
acceleration. All major industries con- the increase was more moderate—4
tributed to the third quarter advance percent—but contrasted with a decline
in this ratio.
in manufacturers7 capital outlays. AcFacilities viewed as "about ade- cording to the latest survey, strong
quate" for 1968-69 sales requirements increases are planned for both the
represented 50 percent of manufactur- fourth and first quarters, but some
ers' fixed assets as of September 30, easing is indicated in the tentative
Table 5.—Expenditures for New Plant and Equipment by U.S. Business,1 1966-69
[Billions of dollars]
1968
1967
1966 1967 19682
Quarterly, seasonally adjusted annual rates
Quarterly, unadjusted
Annual
I
II
III
IV
I
II
1966
1969
III IV 2
12
I
II
III
1968
1967
IV
I
II
III
IV
I
II
III
1969
IV 2
12
60.63 61.66 64. 53 13.59 15.61 15.40 17.05 6 14. 25 615.87 16.08 18.33 15.62 58.00 60.10 61.25 62.80 61.65 61.50 60.90 62.70 6 64. 75 6 62. 65 63.45 67.25 71.15
AH industries
Manufacturing industries
.
Durable goods industriesPrimary iron and steel— Primary nonferrous metal.
Electrical machinery and equipment.
Machinery, except electrical
Motor vehicles and parts.
Transportation equipment, excluding motor vehicles.
Stone, clay, and glass3
___.
Other durable goods
Nondurable goods industries
Food and beverage
Textile
Paper....
Chemical
Petroleum
Rubber- .
Other nondurable goods 4
26.99 26.69 26.78 6.10 6.81 6.48 7.30
5.79
6.50 6.63 7.86 6.50 25.60 26.80 27.55 27.75 27.85 27.00 26.15 26.00 26.35 25.80 26.65 28.10 29.60
13.70 13.58 3.08 3.46 3.33 3.82
2.31 2.30 .48 .58 .56 .69
.90 .93 .20 .23 .23 .24
1.24 1.31 .27 .30 .30 .37
2.95 2.77 .70 .78 .71 .76
1.66 1.53 .38 .45 .41 .42
2.96
.49
.20
.27
.66
.34
3.22 3.37 4.03 3.28 13.15 13.85 14.35 14.50 14.20
.55 .62 .64 .47 2.00 2.20 2.20 2.25 2.35
.21 .23 .29 .22 .80 .90 .80 .90 .90
.31 .31 .42 .31 1.10 1.15 1.20 1.25 1.25
.64 .65 .82 .70 2.70 2.70 2.90 3.10 3.15
.36 .38 .45 .38 2.10 1.85 1.90 1.90 1.80
.32
.18
.85
.21
.14
.66
13.19 3.02 3.34 3. 15 3.48
1.42 .33 .39 .35 .34
.82 .21 .23 .22 .23
1.52 .40 .42 .42 .40
2.72 .70 .76 .69 .72
4.96 1.02 1.17 1.11 1.35
.61 .11 .13 .12 .14
1.14 .24 .25 .26 .30
2.82
.30
.17
.32
.61
1.07
.12
.24
13.99
2.17
.86
1.19
2.86
1.93
1.09 1.09 1.04
.91 .73 .70
2.98 2.83 3.01
13.00
. 1.39
1.13
1.50
2.99
4.42
.42
1.14
13.00
1.41
.89
1.64
2.88
4.65
.49
1.04
.24
.20
.61
.26
.18
.68
.27
.16
.69
.24
.18
.72
.26
.18
.75
.32
.21
.88
13. 75 13.50 13.50 13.65 12.80 13.65 14.15 15.10
2.35 2.25 2.30 2.35 2.25 2.45 2.15 2.30
.90
.90 .95 .85
.85 .95 1.05 .95
1.20 1.25 1.25 1.25 1.30 1.25 1.40 1.45
3.15 3.00 2.60 2.95 2.60 2.75 2.80 3.15
1.70 1.55 1.60 L60 1.35 1.45 1.70 1.80
.26 .85 1.15 1.25 1.10 1.10 1.05 1.10 1.15
.21 .85 .85 .95 .95 .90 .70 .65 .65
.72 2.75 3.05 3.15 3.00 2.70 2.65 2.80 3.15
3.28 3.25 3.83 3.22 12.45 12.95 13.20 13.25 13.70 13.25
.38 .38 .36 .34 1.35 1.40 1.35 1.40 1.45 1.45
.19 .19 .27 .22 1.20 1.35 1.15 .95 .95 .90
.39 .35 .45 .36 1.35 1.50 1.50 1.60 1.90 1.70
.72 .64 .75 .66 2.75 3.00 3.05 3.15 3.20 3.00
1.17 1.24 1.48 1.23 4.40 4.35 4.40 4.55 4.65 4.70
.15 .17 .18 .15 .35 .45 .40 .45 .50 .50
.28 .28 .34 .28 1.05 1.05 1.30 1. 15 1.05 1.00
1.00
.60
2.95
.95 1.05
.70 .70
2.85 3.00
1.10 1.25
.75 .95
3.15 3.30
12.65 12.55 12.70 13.00 13.05 13.90 14.50
1.40 1.35 1.30 1.40 1.50 1.40 1.45
.80
.75 .75 1.00 .95
.85 .85
1.65 1.40 1.45 1.55 1.35 1.65 1.60
2.85 2.55 2.75 2.85 2.65 2.65 3.00
4.45 4.75 4.85 4.70 4.95 5.25 5.60
.60 .65
.65 .70
.45 .50
.55
1.05 1.10 1.05 1.10 1.10 1.25 1.25
Mining. _
1.47 1.42 1.49
.32
.34
.37
.39
.36
.36
.34
.42
.36 1.40 1.55 1.45 1.45 1.40 1.30 1.45 1.50
1.55
1.40 1.35
1.60 1.55
Railroad
1.98 1.53 1.51
.41
.41
.35
.36
.37
.38
.36
.40
.41 1.75 2.00 1.85 2.35 1.80 1.55 1.40 1.40
1.65
1.45 1.40
1.50 1.80
Transportation, other than rail
3.44 3.88 4.46
1.04 1.12 1.32
.96 3.30 3.50 3.40 3.50 3.05 3.90 4.10 4.45
4.35
3.65 4.60
5.35 4.30
Public-utilities—-
8.41 9.88 11.38
Communication
Commercial and other 5
._ .
.98 1.07
.98
1.84 2.46 2.66 2.92
2.33
5.62 5.91 6.26 1.35 1.49 1.46 1.62
1.48
.70 1.12
12.74 12.34 12.65 2.87 2.99 3.09 3.39 62.93
2.97 2.96 3.13 2.64 8.25 8.30 8.55 8.50 9.20 9.70 9.80 10.65 11.60 11. 65 10.90 11.45 13.20
1.51 1.50
63.11
1. Data exclude expenditures of agricultural business and outlays charged to current
Lccount.
2. Estimates are based on anticipated capital expenditures reported by business in late
)ctober and November 1968. The estimates for the fourth quarter of 1968 and first quarter
969 have been adjusted when necessary for systematic tendencies in anticipatory data.
The adjustment for each industry and time period is based on the median ratio of actual to
tiiticipated expenditures for the past 5 years. However, no adjustment is made unless the
inticipations have shown a bias in the same direction in at least 4 of the last 5 years and in
at least two-thirds of the last 9 years.
3. Includes fabricated metal, lumber, furniture, instrument, ordnance, and miscellaneous
3.18
is. 20 4.74
5.35 5.50 5.60 5.95 5.75 5.80 6.05 6.05
6.35
5.90 6.15
12.35 12. 45 12.85 13.30 12.55 12.25 11.95 12.65 612.85 612.80 12.35
il9.25 20.65
industries.
4. Includes apparel, tobacco, leather, and printing-publishing.
5. Includes trade, service, finance, and construction.
6. Revised.
NOTE.—Details may not add to total because of rounding. Data for earlier years were
published in the June 1956, March 1958, 1960, 1961, 1962, 1963, 1964, 1965, 1966, 1967 and 1968
issues of the Survey.
Sources: U.S. Department of Commerce, Office of Business Economics, and the Securities
and Exchange Commission.
"
December 1968
SUEVEY OF CURKENT BUSINESS
projection for the second quarter of
1969.
Within the group, public utilities and
nonrail transportation firms have led
the expansion in capital outlays, with
very substantial increases in both 1967
and 1968. Public utilities are likely to
spend $11.4 billion on new facilities
this year, up 15 percent from the 1967
total. Expenditures of electric companies—at approximately $8% billion—
will be up 13 percent over last year,
while the relative advance for gas
companies is 26 percent.
Programed outlays of both electric
and gas companies show the same
quarterly pattern: After a small decline
in the third quarter of this year, outlays are expected to move up sharply
in the last 3 months and in the first 3
of 1969 and to show little change in the
second quarter.
The carryover of uncompleted projects by utility companies reached a
record $16.7 billion at the end of September, a $300 million rise from June.
At the third quarter rate of expenditures, the September carryover represented more than a year and a half of
outlays, well above the ratio for the
preceding quarter. However, third
quarter starts—at $3 billion—were
lower than the exceptionally high
second quarter. The existence of extremely large projects in an industry
with relatively small numbers of firms
can give rise to an erratic behavior
in starts.
15
facturers' stocks considered their September 30 stocks "high" relative to
their sales and unfilled orders. This
ratio had held at 25 percent from
yearend 1967 to mid-1968. Threefourths of stocks were "about right"
at the end of September and 3 percent
were in the "low" category.
Sales rise larger for durables
Durable goods producers expect
larger sales advances for this quarter
and next, while nondurable goods
producers expect smaller gains than
were actually experienced in the third
quarter. Moreover, both groups are
projecting stronger fourth quarter sales
this time than were reported for this
(Continued on page 23}
period 3 months ago; durable goods
producers had then expected little
change in sales from the third to the
fourth quarter.
Increases of 2% percent are projected
for durable goods producers for the
as in the second and third quarters of fourth quarter and almost 2 percent for
the first—as compared with an actual
this year.
change
of 1.2 percent in the third
Manufacturers judged their Sepquarter
of 1968. Nondurable goods
tember 30 inventory condition as better
than those of last March and June. producers expect sales to rise close to
Producers holding 23 percent of manu- 2 percent this quarter and 1 percent
Manufacturers' Inventory and Sales ExpectationsFourth Quarter 1968 and First Quarter 1969
Manufacturers expect to step up their
inventory accumulation with $2 billion
increases in the fourth quarter of 1968
and first quarter of 1969. They also
anticipate further advances in sales over
this period. They judged the condition of
their inventories on September 30 to be
in better shape than at any time in the
past 2 years.
Table 1.—Manufacturers' Inventories and Sales: Actual and Anticipated 1
[Billions of dollars]
1<)66
MANUFACTUKERS expect to add
$2 billion to their stocks from. September 30 to December 31 and an
equal amount in the first quarter of
1969, after seasonal adjustment, according to the latest survey conducted
in November by the Office of Business
Economics. The projected additions
are larger than the actual accumulations during each of the first three
quarters of 1968.
Manufacturers also look forward to
a 2 percent sales gain in the fourth
quarter and a 1% percent gain, in the
next. Quarterly gains were stronger in
the first half of 1968, when sales rose 3
percent, but the rate of advance
slipped to 2 percent in the third quarter.
Projected stocks are equal to 1.7
months of projected sales both at yearend and on March 31—the same ratio
I
II
1£ 67
III
IV
I
II
1969
19 68
III
IV
I
II
III
IV 2
12
Inventories, end of
quarter
Unadjusted
All manufacturing. _ .
Durables
Nondurables _
70.5
72.8
74.9
77.9
80.7
81.3
81.0
82.6
84.3
85.8
86.4
88.8
91.6
43 7
26.8
45.5
27.3
47.4
27.5
49 5
28.4
51.6
29.0
52.3
29.0
52.3
28.8
53.2
29.3
54.6
29.7
55.8
30.0
56 1
30.3
57 5
31. 3
59.7
31.9
Seasonally adjusted
All manufacturing. _ _ 70.0
72.7
75.5
78.1
80.1
81.1
81.7
82.8
83.8
85.6
87.1
89.2
91.1
45.3
27.4
47.7
27.8
49.8
28.3
51.3
28.8
52.0
29.1
52.6
29.1
53.5
29.3
54.3
29.5
55.4
30.1
56.5
30.7
57.9
31.3
59.4
31.7
All manufacturing. _ _ 131.1 138.1 132.0
Durables .__
Nondurables _
43.4
26.5
Sales, total for quarter
Unadjusted
137.3
134.8
139. 7
133.6
140.4
144.9
153.8
148.3
155.9
158.0
72.0
59.1
77.0
61.1
70.6
61.4
76.0
61.2
73.7
61.1
77.3
62.4
71.6
62.0
77.1
63.4
80.5
64.4
85.7
68.1
78.7
69.6
85.4
70.5
86.7
71.3
All manufacturing. _ _ 131.2
134. 0
135. 3
137.5
135.0
135.6
137.4
140.7
145.2
149. 5
152. 7
156.0
158.4
73.5
60.6
74.0
61.4
76.0
61. 5
73.6
61.4
73.8
61. 8
75.3
62.0
77.0
63. 7
80.5
64.8
82.0
67.5
83.0
69.7
85.1
70.9
86.7
71.7
Durables
Nondurables
Seasonally adjusted
Durables
Nondurables
71.7
59.5
1. All actual data have been adjusted to conform with the recent revision by the Bureau of the Census (Report M3-1.1).
2. Anticipations reported by manufacturers in November 1968. Inventories have been corrected for systematic tendencies
in anticipatory data.
Sources: U.S. Department of Commerce. Anticipations, Office of Business Economics; actuals, Bureau of the Census.
SURVEY OF CUEEENT BUSINESS
16
December 1968
the next, following 3 to 4 percent
increases in the second and third
quarters. Virtually all major industries
expect improved sales this quarter,
while most expect further advances
in the first 3 months of 1969.
First quarter 1969 sales by durable
goods producers are expected to reach
a record rate of $86% billion, up 8
percent over a year ago. Nondurable
goods producers7 sales at $71% billion
would also be at a record rate, 11
percent above the same period of 1968.
added about $1 billion to inventories ratio would be unchanged from Sepin both the second and third quarters tember but below the 1.36 ratio of
of 1968.
March 1968.
Nondurable goods producers are projecting additions of $0.6 billion this Stock condition, September 30
quarter and $0.4 billion the next.
Durable goods producers reported
The accumulation for the preceding their inventories in better balance on
6 months was somewhat larger.
September 30 than on June 30. ComDurable goods producers estimate panies accounting for 28 percent of the
that their inventory holdings on March inventories in durable goods manufactur31, 1969, will total $59.4 billion- ing judged their September 30 invenequivalent to 2.06 months of sales. tories to be "high"; 70 percent of stocks
The projected ratio would continue were "about right," and 2 percent were
the increase that has been occurring viewed as "low." The "high" ratio had
Sizable rise for durable stocks
during most of 1968; last March, for held at 31 percent in the three preceding
Durable goods producers expect to example, the ratio was 2.02. Non-quarters after falling steadily throughstep up their rate of inventory addi- durable goods producers7 inventories out 1967. Most major industries retions to about $1% billion per quarter are estimated at $31.7 billion for next ported a decline in the "high" proporfrom September to next March. They March, or 1.32 months of sales. This tion from June to September.
The "high" percentage for nonduraCHART 8
ble goods producers held close to 15
percent from September 30, 1967, to
Manufacturers7 Inventory and Sales Expectations
September 30, 1968, after having been
Inventory accumulation and sales gains to continue through first quarter of 1969
20 percent in the first half of 1967.
Condition of inventories as of September 30 was improved
Companies with 80 percent of nondur(ratio scale)
Billion $
Billion $
100
—lioo able goods stocks judged their holdings
DURABLE GOODS MANUFACTURERS
NONDURABLE GOODS MANUFACTURERS
on September 30, 1968, "about right,"
90
90
while
those holding 5 percent considered
80
80
their stocks "low."
70
70
Sales
60
60
50
50
40
40
Inventories
30
30
i i i Ii i i I i i i I i i i I i i i I i i i Ii
1962
63
64
65
66
67
68
o Expectations
69
1962
63
64
65
66
67
20
68
69
Seasonally Adjusted
Percent
Percent
60
60
NONDURABLE GOODS MANUFACTURERS
DURABLE GOODS MANUFACTURERS
40
40
Percent "High" i
20
1962
63
64
65
66
67
68
69
1962
63
64
65
^
66
20
67
68
69
1. Inventories of companies who judge their stocks "high" as a percent of group's total inventories.
Data: QBE-Census
U.S. Department of Commerce, Office of Business Economics
68-12-8
Durables
Total
Nondurables
W
<H
i*
^
5
14
14
15
14
84
84
83
84
2
2
2
2
19
17
18
17
80
82
81
82
1 8
1 9
1 11
1 11
89
89
86
86
3
2
3
3
15
_ 15
17
13
82
83
81
85
3
2
2
2
17
18
19
14
81
80
80
84
2
2
1
2
12
10
14
10
85
88
83
87
3
2
3
3
Mar. 31, 1964
June 30, 1964
Sept. 30, 1964
Dec. 31, 1964
16
13
14
13
82
84
82
84
2
3
4
3
17
16
15
15
81
81
81
82
2 14
3 9
4 11
3 9
84
88
84
87
2
3
5
4
Mar. 31, 1965.—
June 30, 1965
Sept. 30, 1965
Dec. 31, 1965
16
16
18
15
81
80
81
82
3
4
3
3
20
20
22
19
77
77
76
78
3 9 87
3 10 85
2 8 88
3 8 88
4
5
4
4
Mar. 31, 1966
June 30, 1966
Sept. 30, 1966.—
Dec. 31, 1966— —
15
18
22
28
81
78
75
70
4
4
3
2
18
21
27
33
79
75
70
65
3
4
3
2
10 85
13 83
14 83
18 79
5
4
3
3
Mar. 31, 1967
June 30, 1967___—
Sept. 30, 1967
Dec. 31, 1967
31 68
31 67
27 69
25 72
1
2
4
3
37
36
34
31
62
63
63
67
1
1
3
2
20 78
20 76
15 81
15 81
2
4
4
4
Mar. 31, 1968
June 30, 1968
Sept. 30, 1968
25
25
23
82
80
80
3
4
5
§
Mar. 31, 1962
June 30, 1962
Sept. 30, 1962
Dec. 31, 1962
Mar. 31, 1963
June 30, 1963
Sept. 30, 1963
Dec. 31, 1963
Inventories
20
Table 2.—Manufacturers' Evalution of the
Condition of Their Inventories l
(Percent distribution)
72
72
74
•a0 ll
•~j of
"S S
3 31 66
3 31 67
3 28 70
,A
5
38 l| fc
3
&
3 15
2 16
2 15
1. Condition of actual inventories relative to sales and
unfilled orders position as viewed by reporting companies.
Percent distribution of inventory book values according
to companies' classifications of their inventory condition.
Source: U.S. Department of Commerce, Office of Business
Economics.
By WALTHER LEDERER and EVELYN PARRISH
The Balance of Payments: Third Quarter 1968
1 HE balance of payments measured
on the liquidity basis showed a seasonally adjusted surplus of about $40
million in the third quarter. Although
small, the surplus was the first since
the second quarter of 1965.
The balance measured on the official
reserve transactions basis was in surplus
by about $445 million—about $1 billion
less than the surplus in the preceding
quarter.
The measurement of both balances
includes changes in U.S. official reserve
assets. The liquidity balance also includes (with opposite sign) changes in
liquid liabilities to all foreigners, while
The U.S. balance of payments continued to improve in the third quarter
despite adverse changes in private
capital movements and U.S. Government transfers and capital transactions
and despite a decline in net receipts
from special financial transactions. These
adverse changes were only partly offset
by the improvement in the balance on
goods and services. The major improvement was in unrecorded transactions,
which shifted from exceptionally large
net payments in the second quarter to
equally large net receipts in the third.
liquid and nonliquid liabilities, but only
to foreign official agencies.
Official reserve assets
During the third quarter, official
reserve assets of the United States increased $571 million. This increase was
composed of a $74 million rise in gold
holdings, a $23 million increase in the
U.S. gold tranche position in the IMF,
and a $474 million expansion in holdings of convertible foreign currencies.
The latest rise in reserve assets, when
combined with the $137 million rise in
the official reserve transactions balance the second quarter, recovered about
includes (with opposite sign) changes in $700 million of the $900 million loss of
U.S. Balance of International Payments- Cumulative Quarterly Data
Billion $
2.0
Billion $
2.0
: BALANCE QN;; OFFICIAL RESERVE
, TRANSACTIONS BASIS
; BALANCE ON LIQUIDITY BASIS ;
1.5
1.0
CHANGE
(Gold;
ie^ and;;i:iFt3old ;
1.5
1.0
V
1968
. -.5 .
•V, ;
1966
1967
-1.5
>Y
:
V*:
\
-2.0
-2.5
-3.0
-3.5
:''V^X'
-4.0
Mar,
June
Sept.
Seasonally Adjusted
Dec.
Mar.
June
Sept.
Dec,
Mar,
June
Sept.
Dec.
Mar.
June
Sept.
Seasonally Adjusted
U.S. Department of Commerce, Office of Business Economics
17
326-377 0 - 6 8 - 3
_4.0
Dec.
18
SUEVEY OF CUEEENT BUSINESS
December 1968
dollar liabilities to foreign official agencies increased $480 million; however,
these agencies invested $524 million in
long-term private and U.S. Government
obligations. Most of these Government
obligations are payable prior to maturity only under special conditions.
The balance measured on the liquidity
basis was adverse b}7 $450 million—
obtained by combining the $571 million
rise in official reserve assets and the
$1,021 million increase in liquid liabilities. Seasonal adjustment changed
this to a small surplus of about $40
million. This compares with a deficit of
about $160 million (revised) in the
second quarter and one of $690 million
(revised) in the first quarter. For the
first three quarters of 1968, the seasonally adjusted balance was adverse by
about $810 million, as compared with
about $1,830 million in the correspond-
ing period of 1967 (table 3).
The balance measured on the official
reserve transactions basis resulted in a
surplus of $91 million—obtained by
adding the $571 million rise in official
reserve assets to the $44 million decline
in liquid liabilities to foreign official
agencies, and deducting the $524 million
increase in nonliquid liabilities to foreign
official agencies. Seasonal adjustments
raised the surplus to about $440 million.
In the preceding quarter, the surplus
was about $1,530 million (revised),
and in the first quarter, a deficit of about
$560 million (revised) was recorded.
For the first three quarters, a surplus of
$1,420 million was achieved, as compared
with a deficit of about $2,320 million
in the corresponding period of 1967.
reserve assets in the first quarter of this
year. However, the composition of
reserve assets has shifted substantially
since the first of the year. Convertible
currency holdings have increased about
$600 million, while gold holdings and
the U.S. gold tranche position in the
IMF combined have declined approximately $800 million.
Derivation of balances
The $571 million rise in official reserve
assets during the third quarter was more
than offset by a $1,021 million increase
in liquid liabilities to all foreign residents and international organizations.
Nearly all of that rise was in liabilities
to foreign banks—primarily the foreign
branches of U.S. banks. Liquid liabilities to foreign official agencies declined
by the relatively small amount of $44
million. It may be noted that total
Table A.—Balances of Major Transactions
[Millions of dollars, seasonally adjusted]
1968
Change
1967
Table 2, lines
I
II-III
III
II
24
Balance on goods and services, excluding transfers
under military grants
_ _ _ _ _ _
4,768
326
592
878
286
3,15
7,18
4,16
11,12,13,21,22
Balance on nonmilitary merchandise trade
Balance on travel
_ _
Balance on military transactions
_
_. __
Balance on investment income
3,477
-1, 549
-3,100
4,565
57
5
262
-331
-804
1,082
-333
-761
1,246
-341
-745
1,313
257
-8
16
67
-835
—441
-172
-195
-94
-91
-178
-122
17
-31
—3, 515
454
200
-509
-709
—2, 561
-2, 811
250
227
-496
-529
33
-466
-506
40
30
-29
256
-422
-487
-144
301
502
150
197
-183
-352
-380
-45
70
-3
-10
-7
27
30
Private remittances, net.
.__
U S. Government pensions and other transfers
(1) Private U.S. and foreign capital other than liquid
liabilities, net
Corporate capital (assets and liabilities)
U.S. corporate capital (assets and liabilities) _.
Foreign direct investment in the U.S
Security transactions, excluding special transactions (assets a n d liabilities)
_
_ _ _ _ _ _
Claims and liabilities reported by U.S. banks. _.
Claims, net of liabilities, reported by brokerage
concerns
_.
Government grants and capital, net
29,42,43
44
(2)
60
Grants (excluding military) and additions to
assets
_
_ __
__
Scheduled loan repayments
Liabilities other than marketable or convertible
securities. . _ _ _ .
_
.
.
Errors and omissions
-_
(3) Special financial transactions:
Investment by foreign official agencies in longterm time deposits or certificates of deposit in
U.S. banks, and certain nonmarketable,
medium-term U.S. Government securities
Investment by international and regional organizations in long-term time deposits or
certificates of deposit and U.S. Government
agency bonds
__
_ _ _
Nonscheduled loan repayments by foreign governments of U.S. Government credits (including sales of foreign obligations to foreigners) _
Other transactions listed in table B
Total of above transactions equals balance measured
on liquidity basis
_
1
23
7
—3 963
—1 142
—944
—1 030
-86
-5, 191
-1, 510
-1, 384
309
-1,261
253
123
-56
253
64
131
-22
-153
—532
-243
-429
444
873
1,039
270
667
452
-215
299
-92
-20
51
71
6
-394
42
-36
3
53
55
52
-53
-3,571
-687
-164
41
205
975
304
U.S. corporate capital, see table E; foreign direct investment in the United States, see table 2, line 51; security transactions, see table 2, lines 34-36, 52, less new issues by U.S. corporations included in corporate capital and less transactions shown,
in table B; claims and liabilities of U.S. banks, see table 2, lines 37, 38, 53 less transactions shown in table B; claims and liabilities
reported by brokerage firms, see table 2, parts of lines 40 and 55.
2
Government liabilities, table 2, lines 56 and 57, less certain foreign official investments in nonmarketable medium, term3 U.S. Government securities included in special financial transactions (table B).
See table B.
Shifts in liabilities
The changes in liabilities to the
accounts of foreign official agencies
and to those of foreign banks that
occurred in the first three quarters of
this year largely reflect the pressures
against certain foreign currencies in
the exchange markets and the operations of foreign official agencies to
support the value of their currencies.
Liquid and nonliquid dollar holdings
of all foreign official agencies declined
by $1,940 million (net). This change
consisted of a $3,600 million decline
in liquid dollar holdings and a $1,660
million increase in nonliquid dollar
assets. In addition, countries whose
currencies were under pressure used
substantial amounts of dollars that
they obtained by selling gold to the
United States. Furthermore, they used
$600 million in dollar funds that the
the United States provided through
purchases of convertible currencies and
$500 million that the IMF provided.
[The drawings of dollars by foreign
countries from the IMF are reflected
in "the $500 million improvement in
the U.S. gold tranche position. The
gold tranche position represents the
nearly automatic drawing rights by
the United States on the IMF. The
U.S. position is improved as IMF
dollar holdings decline, either because
dollars are transferred by the IMF to
other countries in exchange for their
currencies or because dollars are re-
December 1968
SUKVEY OF CURRENT BUSINESS
19
major factor influencing the balance
measured on the liquidity basis (table
B). (A large part but not all of the
special financial transactions consists
of the nonliquid liabilities cited above,
which are included in the official reserve
transactions balance. The changes in
nonliquid liabilities not included here
are the quarterly purchases of nonmarketable bonds by Germany and
various other nonliquid liabilities that
are associated with specific transactions.)
These transactions totaled about $560
million in the third quarter. In the
preceding quarter, net receipts from
such transactions were about $700
million, but in the first quarter they
were only $185 million. A major part
of these transactions is accounted for
by sales to Canada of nonmarketable,
medium-term U.S. Government bonds
that are payable prior to maturity only
under special conditions. Such sales
were $250 million in the third quarter,
$500 million in the second, and $100
million (net) in the first.
purchased with other currencies by
the United States.]
The major part of the more than $3
billion paid out by foreign official
agencies was apparently deposited in
foreign commercial banks, which, in
turn, redeposited the funds in U.S.
banks. In addition, the dollars transferred to foreigners as a result of the
foreign transactions of the United
States apparently also accrued to foreign private accounts in U.S. banks.
Since the beginning of this year, liabilities to foreign banks—mainly the
foreign branches of U.S. banks—increased by nearly $3.9 billion. Some of
the increase in liabilities to foreign
banks may reflect a rise in dollar
deposits held in these banks by private
foreigners. Some, however, may reflect
a rise in dollar balances held in these
banks, directly or indirectly (e.g.,
through forward contracts) by foreign
official agencies of those countries that
obtained dollars through surpluses in
their balance of payments or as a
result of flights from other currencies.
Special Financial Transactions
Special financial transactions by official
agencies of the United States and of
foreign countries continued to be a
Major Developments
The improvement in the third quarter
balance of payments cannot be ac-
counted for by the transactions for
which data are available. In addition
to the decline of about $140 million
in net receipts from special financial
transactions already mentioned, the
balance on private capital movements
deteriorated over $700 million, and
changes in U.S. Government unilateral
transfers and capital transactions were
adverse by over $100 million. These
adverse changes were only partly offset
by the improvement of less than $300
million in the balance on goods and
services. The major improvement—
about $875 million—was in unrecorded
transactions (table A).
Merchandise Trade
Nonmilitary merchandise trade resulted in a surplus of $260 million in
the third quarter, as compared with a
near balance in the second.
Several special factors have affected
merchandise trade trends this year.
Labor disputes in the copper, aluminum, and steel industries have tended
not only to substantially expand imports but also to reduce exports. The
dockworkers' strike in New York late
in March delayed until April an estimated $150 million of exports and $50
million of imports. The expectation of
Table B.—Changes in Near-Liquid Liabilities, Nonscheduled Repayments by Foreign Governments of U.S. Credits, and Other Special
Financial Transactions by U.S. and Foreign Official and International Agencies
(Millions of dollars)
E fleet on balance measured on—
1967
1966
Total
Investment by foreign official agencies in long-term
time deposits
or certificates of deposit in U.S. banks (53 1 56, 57)1
Investment by international and regional organizations:
In long-term time deposits or certificates of deposit in U.S.
banks (53)
In U.S. Government agency bonds (52)
Investment by foreign commercial banks in nonmarketable, medium-term U.S. Government securities (57).
Nonscheduled repayments by foreign governments of U.S. Government credits (including sales of foreign obligations to foreigners)
(45) __
Nonscheduled repayments by Canadian Government of U.S.
private credits (35)
Canadian Government purchases of IB RD bonds from U.S. owners
(36)
...
U.S. purchase of newly issued securities of Canadian Government
1966
II
III
IV
I
II
III
793 1,039
304
587
-12
160
270
677
452
196
244
70
-6
25
71
53
67
30
-11
-54
-38
22
-42
-27
78
178
121
1968
1967
1968
I
Total
I
II
III
IV
I
428
6
145
40
23
19
(*)
32
5
(*)
42
3
125
55
8
19
-36
*Less
than $500,000 (±).
1
Includes also certain foreign official investments in nonmarketable, medium-term U.S.
Government securities, and special deposits in accounts of U.S. Treasury.
71
10 -507
(2)
(2)
428
6
145
40
23
19
(*)
32
5
(*)
42
3
55
8
19
-36
-72
72
-28
III
II
49
125
Postponement of new issues of Canadian securities (34)
150
Liquidation of U.S. securities other than Treasury issues by United
Kingdom (Government and private) (52) ,
-101 -453
Deferral of service on United Kingdom loan (13 and 44).
Official reserve transactions basis
Liquidity basis
Lines in tables 1, 2, and 8 in which transactions are included
are indicated in ( )
150
(2)
-101 -453
-28
71
10 -507
(3)
(2)
(*)
2
Liquidation of U.S. securities other than Treasury issues by the United Kingdom
Government was completed in the fourth quarter 1967.
SURVEY OF CURRENT BUSINESS
20
December 1968
percent of their agreed-upon tariff agricultural products to Western
reductions. Part of the large rise in U.S. Europe. Exports of civilian aircraft,
imports in the first quarter and in which had been a major factor in the
exports in the third quarter may reflect rise in the first quarter of the year,
shipments influenced by the tariff contributed relatively little to the
reductions.
second and third quarter increases.
Nonmilitary merchandise exports rose
Imports of merchandise increased
$515 million in the third quarter to about $260 million in the third quarter
$8,840 million. If the shift in shipments to $8,575 million. If the effects of the
that may be attributed to the dock dockworkers7 strikes are omitted, the
strikes is omitted, the third quarter third quarter growth of less than 1
rise came to $320 million or nearly 4 percent followed a rise of about 4.5
percent; similarly calculated, exports percent in the second quarter and an
rose about $600 million or 8 percent in increase of over 10 percent in the first
the first quarter and $100 million or 1 quarter of 1968. Much of the decline in
percent in the second.
the growth rate in the two latest
The major part of the third quarter quarters can be attributed to lower
increase was in shipments of non- imports of copper and other nonferrous
metals and to a slowing in the expansion
Table C.—U.S. Nonmilitary Exports:l Total, Agricultural, and Nonagricultural
of steel imports. Copper imports had
[Millions of dollars]
been exceptionally high because of the
domestic copper strike, and steel im1967
1968
ports have expanded', largely because
I
II
IV
I
III
1966
II
III P
Total
of the threat of a steel strike that did
not
materialize. The upward moveSeasonally adjusted
ment in other imports continued, but
ALL COMMODITIES
the increase was less than half of that
in
the previous quarter.
29,176 30,468
7,478
8,325
7,661 7,703
7,620
7,924
8,840
Global, all countries
another strike by longshoremen along
the eastern and gulf coasts in October
also resulted in a speedup of an estimated $350 million in exports and of
$250 million in imports in the third
quarter.
The first stages of reductions in tariffs
negotiated in the Kennedy Round,
which took place this year, probably^
helped to expand both exports and
imports. On January 1, the United
States lowered tariffs by an initial 20
percent of the reductions negotiated,
as did several other countries, including
Canada and Australia. Then, on July 1,
the EEC countries, the United Kingdom, Japan, and other participants in
the Kennedy Round put into effect 40
Developed countries, total
Developing countries, total
.
Western Europe, total .
United Kingdom
Other Western Europe
Eastern Europe (Soviet-bloc)
Canada - _ _
Latin American Republics
Japan
Australia, New Zealand & South Africa
All other countries
19, 612
9,564
20, 709
9,759
5,085
2,576
5,235
2,468
5,227
2,399
5,162
2,316
5,341
2,583
5,620
2,705
6,092
2,748
9,579
1,756
7,823
200
6,552
4,180
2,340
1,141
5, 184
9,667
1,864
7,803
199
7,095
4,074
2,673
1,274
5,486
2,336
438
1, 898
71
1, 791
1,057
620
338
1,448
2, 467
497
1,970
46
1,766
1,021
685
317
1,401
2,460
500
1,960
38
1,766
1,029
695
306
1,332
2,408
436
1,972
44
1,770
969
671
313
1,303
2,376
445
1,931
56
1,941
1,071
687
337
1,456
2,631
513
2,118
50
1,866
1,186
755
368
1,469
3,030
526
2,504
51
1,921
1,235
786
355
1,462
AGRICULTURAL
...
6,964
4,479
2,485
6,453
3,976
2,477
Western Europe, total- .
United Kingdom
Other Western Europe
__ . . ..
Eastern Europe (Soviet-bloc)
Canada. ...
..
_ _ _ _ _ _
Latin American Republics
lapan
... _
_
A.ustralia, New Zealand & South Africa
A.11 other countries
...
2,874
497
2,377
136
551
490
951
103
1,859
2,511
438
2,073
109
527
486
869
69
1,882
Global, all countries.
Developed countries, total
Developing countries, total
1,648
978
670
620
111
509
50
136
135
200
22
485;
1,658
1,021
637
1,610
999
611
1,537
978
559
1,679
956
723
1,552
925
627
1,619
1,057
562
636
119
517
27
129
110
237
19
500
629
112
517
14
130
132
228
12
465
624
100
524
18
132
111
206
16
430
579
101
478
33
134
115
225
18
575
547
91
456
25
115
132
246
17
470
653
101
552
27
138
140
248
18
395
NONAGRICULTURAL
Global, all countries
Developed countries, total
Developing countries, total
.
Western Europe, total
United Kingdom..
Other Western Europe
_
Eastern Europe (Soviet-bloc)
Canada. . _ . .
Latin American Republics . _
Fapan .
Australia, New Zealand & South Africa _
All other countries
22,212
15, 133
7,079
24,015
16,733
7,282
6,013
4,107
1,906
6,045
4,214
1,831
6,016
4,228
1,788
5,941
4,184
1,757
6,245
4,385
1,860
6,773
4,695
2,078
7,221
5, 035
2,186
6,705
1, 259
5,446
64
6,001
3,690
1,389
1, 038
3,325
7,156
1,426
5,730
90
6,568
3,588
1,804
1, 205
3,604
1,716
327
1,389
21
1,655
922
420
316
963
1,831
378
1,453
19
1,637
911
448
298
901
1,831
388
1,443
24
1,636
897
467
294
867
1,784
336
1,448
26
1,638
858
465
297
873
1,797
344
1,453
23
1,807
956
462
319
881
2,084
422
!, 662
25
1,761
1,054
509
351
999
2,377
425
1,952
24
1,783
1,095
538
337
1,067
p1 Preliminary.
Balance-of-payments basis.
NOTE: Seasonally adjusted quarterly data may not add to unadjusted yearly totals.
Other Transactions in Goods
and Services
Net receipts from transactions in
goods and services other than nonmilitary merchandise trade increased
about $30 million in the third quarter.
Favorable changes in military transactions and in income on investments
were largely offset by adverse changes
in transportation and travel transactions.
Transfers under military sales contracts increased about $40 million in
the third quarter, largely because of
higher deliveries to the United Kingdom. Military expenditures rose about
$35 million in Asia (including Japan),
but declined slightly in other areas.
Third quarter expenditures in Asia
(including Japan) were about $660
million or $2.6 billion at an annual rate.
This compares with $2.3 billion in 1967.
Receipts and payments resulting
from international travel continued to
SUKVEY OF CUKKENT BUSINESS
December 1968
reflect disturbances in the United States
and in Europe. Receipts in the third
quarter were about 6 percent higher
than a year earlier, but the increase
was more than accounted for by larger
receipts from Canada; those from
continental Europe declined.
Expenditures by U.S. travelers in
continental Europe were less than a
year earlier, but those in the United
Kingdom were maintained. Expenditures in Canada were also less than a
year earlier, when they had been increased by visits to Expo 67 in Montreal. However, with adjustments made
for last year's bulge, expenditures in
Canada were probably increased. Expenditures in Latin American and
Caribbean countries were also higher.
The changes in the geographical pattern
of travel expenditures may have resulted from the President's request to
reduce travel outside the Western
Hemisphere in order to improve the
balance of payments.
Income on U.S. direct investments
abroad, adjusted for seasonal variations,
rose about $70 million in the third
quarter as compared with $170 million
in the second. Compared with the third
quarter of 1967 incomes on direct
investments were about $75 million or
7 percent higher. Most of that increase
was in receipts from the oil-producing
countries in Asia and Africa, and reflects to a large extent incomes from
relatively recent investments. Income
receipts from Europe were less than a
year earlier, however, perhaps because
Table E.—Foreign Assets and Liabilities of U.S. Corporations (Excluding Banking and
Brokerage Claims and Liabilities)
[Millions of dollars, seasonally adjusted]
Tables
1,2,
and 8
Line—
33
39
40
52
54
55
1967
(Credits +; debits -)
Totul
-3, 623 -3, 020
Direct investments
Other corporate claims:
Long-term
Short-term 1
Funds obtained
security issues
Other
through
-112
-325
-289
-315
-143
-182
-219
Corporate liabilities:
New issues of securities
Other corporate liabilities:
Long-term l
Short-term
-96
Equals: Estimated transactions involving no direct
dollar outflow from the United States (table 5, line
A. 26)
Under farm product disposal programs
Under Foreign Assistance Acts and related programs
Under Export-Import Bank Act
Other
r
IV
-653
-651
-902
—815
-68
-44
-15
29
145
42
25
-4
149
-60
85
-170
I
II
—374 —1,035
-93
45
III
— 1,102
—441
-328
—23
—397
—44
—92
-17
—393
65
—522
125
—210
-424
118
446
92
99
138
117
533
585
505
89
278
125
59
-24
45
-15
156
3
18
154
-59
176
165
23
204
-1,211
-29
a larger share of current earnings were
reinvested abroad. Where such reinvestments exceed the ceilings set by the
regulations issued under the program
to restrain capital outflows for the year
1968, the excess must be compensated
for by the reflow of funds that had been
borrowed abroad. Some reflows to compensate for higher reinvested earnings
occurred in the third quarter, and others
may still occur before the end of the
calendar year. Thus, some receipts from
investment income were or will be
replaced by receipts from foreign
borrowing.
Private Capital Transactions
Private capital transactions in the
third quarter again resulted in a net
outflow of funds after an unusual
change to net inflows in the two preceding quarters. The deterioration of
-489
-556
-556
-529
-506
I
II
III
IV.
I
ii »•
over $700 million in the balance on
private capital movements was due
to an adverse shift of about $380
million in transactions reported by,
U.S. banks and an adverse change of
$350 million in securities transactions.
Transactions reported by U.S. corporations led to a slightly smaller net
capital outflow than in the second
quarter.
The seasonally adjusted outflow of
bank-reported funds in the third quarter
was larger, however, than one could
expect to be maintained in the longer
run under the present program to restrain capital outflows. The adverse
change in security transactions reflected partly the return to a more
™rmal am ™ nfc . of redemptions by
foreigners following an exceptionally
large redemption of bonds by the
IBRD in the second quarter, increased
U.S. purchases of foreign issues, and a
decline in foreign purchases of outstanding U.S. securities.
Corporate transactions
1968
III.P
1,333
1,430
1,144
1,284
1,449
1,508
1,178
731
171
184
190
186
126
199
108
4,461
1,162
1,247
954
1, 098
'1,323
1,308
1,069
1,286
335
416
240
295
401
408
161
1,865
1,229
80
559
269
-1
431
337
62
465
281
-32
410
342
51
'435
400
86
470
382
50
482
305
122
Revised.
*> Preliminary.
i The identification of transactions involving direct dollar outflow from the United States is made by the operating agency.
Data for second and third quarters 1968 are based on extrapolations by OBE.
326-377 O - 68 - 2
III
i Excludes claims and liabilities reported by U.S. brokers.
1967
Total (table 1 , lines 29, 42, and 43, with sign reversed) . .5,191
.
II
180
279
-3,007 -2,811
Total
I
594
[Millions of dollars]
Less: Estimated dollar payments to foreign countries
and international and regional organizations (table
5;lineA.34)i
..
1968
1966
Table D.—Government Grants and Transactions Increasing Government Assets
Total
21
Capital transactions reported by U.S.
corporations, adjusted for seasonal variations, resulted in net outflows of about
$500 million in the third quarter,
slightly less than the $530 million in the
second. In the first quarter, the net outflow was an exceptionally low amount
of $30 million, and the quarterly average in 1967 was about $700 million
(table E). These figures include capital
flows resulting in changes in direct
investments and other corporate assets
SUEVEY OF CURRENT BUSINESS
22
abroad and in changes in corporate in the Netherlands Antilles, if such
liabilities through new issues of bonds funds were obtained by these subsidiaries
and through borrowing from foreign through issuing bonds or borrowing
banks and others, net of debt repay- from financial organizations. This inments.
clusion involves an adjustment of the
Outflows of capital for direct invest- figures on transactions in U.S. securities
ments were $1.1 billion, slightly higher and commercial liabilities published
than in the second quarter. These out- by the Treasury Department.)
flows in the third quarter included
The difference between the more than
nearly $220 million in funds that had $500 million borrowed abroad and the
been borrowed abroad through the issue nearly $220 million used for direct inof bonds, and about $120 million of vestments is accounted for by shortshort-term funds borrowed from foreign term investments of about $210 million
banks by U.S. parent companies or in foreign banks or money market assets
their domestic subsidiaries. In addition, and repatriations of nearly $80 million
the $20 million of long-term funds that to the United States (table F). The
were borrowed from foreign banks or cumulative total of funds borrowed
other foreign sources were probably also through bond issues and invested
abroad in short-term assets amounted
transferred to foreign subsidiaries.
Total borrowing abroad by U.S. cor- to nearly $1.5 billion at the end of
porations and their U.S. affiliates September. In order to comply with the
through the issue of bonds amounted program to restrict capital outflows,
to over $500 million. This was somewhat some of these funds may be used before
less than the $585 million obtained the end of the calendar year to finance
by such means in the second quarter, new investments or to refinance those
and the $-530 million in the first. The that had been made with U.S. funds
third quarter decline may in part earlier this year. Some of the improvereflect the seasonal decline in financial ments in the balance of payments that
operations in Europe, for which these can be expected from the use of foreign
figures could not be adjusted. The total funds to finance direct investments
of such bond issues during the first abroad may thus be concentrated close
three quarters of 1968 amounted to to the end of the year.
more than $1,620 million, about $400
million more than the combined total Banking transactions
In the third quarter, claims on forfor 1965-67. (The 1968 figures for
bonds sold abroad and for changes in eigners reported by U.S. banks rose
other corporate liabilities also include about $190 million, after seasonal adfunds transferred to U.S. corporations justment. The shift from liquidations of
by their financial subsidiaries organized almost $200 million in the second
Table F.—Sources and Uses of Funds Obtained Abroad by U.S. Corporations Through the
Issue of New Securities to Finance Direct Investments Abroad 1
[Millions of dollars]
Tables
1, 2
and 8
Line—
(Credits +, debits -)
1967
1966
Total
I
II
1968
III
IV
I
II
III
Sources of funds:
52
New issues of securities
33
Additions to and refinancing of
direct investments
Short-term claims reported by U.S.
residents other than banks. .
594
446
92
99
138
117
533
-445
-278
-77
-61
-59
—81
-143
-96
-15
-4
-60
-17
•-6
-48
-24
-24
-10
-19
-5
-14
585
505
-140
-63
-217
-393
-522
-210
Uses of funds:
40
(2) Other payments to foreign residents 59 Transfers of funds to U.S. residents 3
1
-78
Excludes securities issued by subsidiaries incorporated abroad and also excludes funds obtained abroad by U.S. corporations through bank loans and other credits. However, securities issued by subsidiaries incorporated in the Netherlands
Antilles are treated as if they had been issued by U.S. corporations if the proceeds of such issues are transferred to parent
companies.
2
A (—) reflects a decline in foreign deposits and money market paper held In the United States.
3
Mainly repayments of liabilities (lines 54 and 55).
December 1968
quarter adversely affected the balance
by nearly $400 million.
Before seasonal adjustment, claims
on foreigners reported by U.S. banks declined about $90 million in the third
quarter. About half of that reduction
reflected a decline in outstanding loans
subject to controls by the Federal
Reserve Board under the program to
restrain capital outflows. During the
first half of the year, banks had reduced
their foreign assets substantially more
than was required under the program,
with the result that their "lending
leeway" was $680 million at the end of
June. During July-September, the guideline ceiling for commercial banks was
reduced by another $100 million. Since
that reduction was somewhat larger
than the above-noted decline in banking
claims chargeable to the program, the
"lending leeway" of banks was reduced
to about $630 million on September 30.
Transactions in securities
Net purchases of foreign securities
by the United States amounted to over
$300 million, higher than the exceptionally small amount of $80 million, in
the second quarter but close to the
average in previous quarters. However,
after omission of the special financial
transaction of $70 million in the second
quarter (U.S. purchases of newly issued
securities of the Canadian Government), the adverse change was $290
million. About $125 million of that
change was due to the redemption of a
large IBRD issue in the second quarter,
mentioned earlier.
Private net foreign purchases of
outstanding U.S. securities amounted
to about $460 million, consisting nearly
entirely of stocks (table G). Although
purchases of outstanding U.S. stocks
were less than in the second quarter,
the decline was hardly significant.
Foreign purchases of outstanding securities started to rise sharply in the
middle of 1967, and since then have
amounted to more than $1.9 billion,
for an average quarterly rate of nearly
$400 million. This compares with a
quarterly rate of about $40 million in
1966 and about $80 million in the first
half of 1967.
SUEVEY OF CUKRENT BUSINESS
December 1968
Government Transactions
U.S. Government grants and transactions increasing Government assets
declined about $120 million in the
third quarter. Most of the drop occurred
under the farm product disposal program and may partly reflect a temporary
decrease.
Cash receipts related to military
sales abroad declined to about $150
million from the exceptionally high
figure of $280 million in the preceding
quarter. The decrease was mainly
because of the drop in loan repayments
from $100 million to $5 million.
Unrecorded Transactions
The $875 million change in the balance on "errors and omissions" reflected
a shift from the relatively high debit
balance of $430 million in the second
quarter to a rather unusual and high
credit balance of $445 million in the
third. Similar changes, but not as
large, occurred in the corresponding
periods of 1967 and 1966.
Large temporary and offsetting shifts
in "errors and omissions77 from one
quarter to the next may be due to
factors that are seasonally recurrent or
may be caused by other developments.
They reflect timing differences in the
recording of the debits and credits
pertaining to the same transactions.
For instance, the most recent shift
between the second and third quarters
suggests that for certain transactions
the credits were recorded in the second
quarter while the corresponding debits
were not recorded until the third.
Credits recorded earlier may have included exports of goods and services,
liquidations of assets held abroad, or
foreign investment in U.S. securities.
Debits recorded later would have been
the corresponding decline in liquid
liabilities to foreigners. The same result
could have come about if a rise in liquid
liabilities to foreigners (a credit) was
recorded earlier, while the corresponding debit, such as imports of goods and
services or capital outflows, was recorded in the later period. It could also
be that the shift in "errors and omissions" does not reflect transactions of
U.S. residents, but reflects shifts in
dollar holdings in U.S. banks among
foreign residents, with credits to foreign
accounts recorded by the U.S. banks
earlier than debits.
Although the figures on "errors and
omissions" are adjusted for seasonal
variations, the adjustment methods do
not fully reflect changes in seasonal
patterns that may have occurred in the
most recent years. It is also possible
that a part of the credit balance on
"errors and omissions" in the third
quarter will be offset by debits on
"errors and omissions" in the fourth.
Table G.—Transactions in U.S. Securities Other Than Treasury Issues (Increase in
Foreign Assets (+))
[Millions of dollars]
1967
Tables 1, 2, and 8, Line 52
Total
TotaL
„
1968
1966
__
II
I
III
IV
I
II
III
909
1,016
133
329
520
34
700
1,056
1,046
Issues of new securities sold abroad by U.S.
corporations to finance direct investments
abroad
594
446
92
99
138
117
533
585
505
Investment by international and regional
organizations in nonguaranteed U.S. Government agency bonds
244
121
71
67
-11
-38
-42
78
-101
-453
-28
71
10
(i)
(i)
172
-48
220
903
88
815
75
88
8
80
305
22
283
Liquidation of U.S. securities other than
Treasury issues by United Kingdom
(Government and private) _ _ __
Other transactions
Bonds
Stocks
_ _ _ _ _
73
-507
435
56
379
205
-80
285
2
513
38
475
(i)
463
13
450
1. Liquidation of U.S. securities other than Treasury issues by United Kingdom Government was completed in fourth
quarter 1967.
2. Excludes purchase of $210 million by a foreign company of stocks issued by its U.S. subsidiary. This purchase is treated
as a foreign direct investment in the United States.
23
If the large net credit balance on
"errors and omissions" were adjusted
for residual seasonal movements, or for
other developments that may cause
temporary shifts in it, the balance on
both the liquidity and official reserve
transactions bases would be less favorable, while that for the second quarter
would be more favorable. Such adjustments may considerably reduce or even
reverse the second to third quarter
change in the liquidity balance and
widen the change in the official reserve
transactions balance.
(Continued from page 15)
Airline, trucking, and pipeline companies are all contributing to the 15
percent increase in expenditures expected by the nonrail transportation
group from 1967 to 1968. A substantial
increase in capital spending is scheduled
in the fourth quarter of 1968 and a
somewhat reduced rate in the first
half of 1969, reflecting lower outlays
by the airlines. The railroads, whose
full-year 1968 outlays are likely to
decline slightly from the preceding
year, are now projecting a modern>•*»
rise in fourth quarter spending and a
substantial advance in early 1969.
These scheduled increases are attributable to increased spending for equipment acquisition, with little change
expected in road outlays.
Expenditures of communications
companies in 1968 will total about $6.3
billion, 6 percent higher than in 1967.
Strong programs are reported for the
fourth quarter of 1968 and the first
quarter of 1969, with planned increases
of 7 percent and 14 percent respectively.
Investment in new plant and equipment by commercial firms is now
expected to total $12.6 billion, up 3
percent from 1967. This increase will
follow a decline of similar size last year.
The projected upturn from the low in
the third quarter of 1968 is moderate
but is expected to continue through the
first half of next year. Trade, finance,
and construction firms are all contributing to the scheduled rise in spending
this quarter and in the first half of 1969.
SURVEY OF CURRENT BUSINESS
24
December 1968
Table 1.—U.S. International Transactions
[Millions of dollars]
(Credits +; debits -)
Line
1967
Total
I
1 Exports of goods and services _
2
Excluding transfers under military grants
3
4
5
6
46,661
1
Merchandise, adjusted, excluding military
Transfers under military sales contracts
Transfers under military grants, net _
Transportation
- ._
.__
7
8
9
10
Travel _.
.
. .. .
Fees and royalties from direct investments . .
Other private services
Other U S. Government services
11
12
13
Income on U.S. investments
abroad:
Direct investments 2
Other private assets
U.S. Government assets
14
15
16
17
18
19
20
21
22
.
. _.
....._.
-
_
- -
-
.-
Imports of goods and services
Merchandise, adjusted, excluding military *
Military expenditures
Transportation
.-
_.. -
) Travel
- Private payments for other services
U S Government payments for other services
-
Income on foreign investments
in the United States:
Private payments 2
._
U S Government payments
-
-
23
24
Balance on goods and services (lines 1 and 14)
Excluding transfers under military grants (lines 2 and 14)
25
26
Unilateral transfers, net ; transfers to foreigners ( — )
Excluding military grants .
27
28
29
30
Private remittances
Military grants of goods and services
Other U.S. Government grants
U.S Government pensions and other transfers
-
..
-
- --
- -
31
Balance on goods services and unilateral transfers (lines 23 and 25, or 24 and 26)
32
Transactions in U.S. private assets, net ; increase in assets ( — ) ..
2
33
34
35
36
Direct investments
Foreign securities newly issued in the United States
Redemptions
..
Other transactions in foreign securities
37
38
Claims reported by U.S. banks: 1
Long-term
__
Short-term
39
40
Claims reported by U.S. residents other than banks: 1
Long-term
Short-term
41
-
-
-..
-
---
Transactions in U.S. Government assets, excluding official reserve assets, net; increase in assets
(— )
_.
>__
1
44
45
Repayments on credits:
Scheduled
Nonscheduled (including sales of foreign obligations to foreigners)
50
_.
_
Loans and other long-term assets
Foreign currencies and other assets
46
3
--
42
43
47
48
49
-
1
-- -- -
.
Transactions in U.S official reserve assets, net ; increase in assets ( — )
Gold
Convertible currencies
Gold tranche position in IMF
--
Transactions in foreign assets in the United States, net; increase in foreign assets (U.S. liabilities)
'(+)
2
12,229
12,071
11,904
11,668
13 074
12 851
12 683
12 458
30 468
1 240
7 589
7 911
7 146
7 822
7 892
8 527
8 244
Direct investments
U.S. securities other than Treasury issues
Long-term liabilities reported by U S banks
54
55
Other liabilities reported by U.S. private residents other than banks:
Long-term
Short-term
--
377
249
676
206
154
711
328
158
692
299
236
659
419
223
710
342
226
760
358
256
344
81
427
277
346
90
502
292
336
80
359
316
341
85
374
282
354
90
467
306
375
95
531
310
379
85
4,517
1,717
1,034
1,446
1,103
415
119
449
234
451
165
1,252
418
118
965
435
154
1,072
1 147
624
-40,989
-9,688
-10,190
-10,508
-10,603
-11,036
-11,984
—12,789
-26, 991
-4 340
-2, 982
-6, 646
-1 072
-686
-6, 622
-1, 065
-829
-6, 430
-1, 098
-772
-7, 293
-1,104
-695
-7,749
— 1. 110
-718
-8, 277
-1, 123
-830
-8, 513
—1 150
-862
-3, 195
—501
-688
-464
—118
-151
-863
-121
-146
-1, 325
-130
—208
-543
-131
-183
-511
-142
-158
-780
-144
-146
-1, 208
—156
-204
-1, 695
-598
-412
-138
-397
-148
-407
-138
-479
-174
-470
-178
-508
-177
-536
-160
5,672
4,768
1,804
1,460
1,717
1,468
525
371
1,626
1,469
868
632
1,090
866
-105
-331
-3,981
-3,076
-1,083
-739
-1,153
-904
-950
-796
-795
-637
-887
-651
-981
-758
-925
-700
-835
-905
-1, 800
-441
-162
-344
-485
-299
-249
-509
-180
-158
-361
-164
-236
-393
-96
-194
-154
-445
-156
-199
-223
-469
-91
-168
-226
-411
-122
1,692
721
564
-425
831
-19
109
-1,031
-5,504
-1,179
-957
-1,248
-2,121
-878
-1,328
-1,229
-3, 020
-1, 619
-899
-349
-423
-407
-719
-473
-980
-390
-589
-372
-837
-353
-919
-299
-92
130
39
-96
-94
490
210
137
-73
102
-72
-113
220
12
16
140
219
49
143
100
492
170
91
-38
-116
100
-10
285
-744
153
-18
-390
-72
-77
-259
-289
-470
-68
-88
-170
42
-13
-93
45
-23
76
-44
-445
-308
-539
-112
-2,411
-655
-653
-515
-588
-734
-726
-515
-784
469
188
162
-70
-3, 544
,153
-1, 279
-781
-140
-704
5
-781
-142
-1, 174
119
-924
-116
975
6
194
268
(*)
178
5
335
(*)
280
42
311
3
198
55
-571
431
52
1,027
-419
-375
-181
904
-137
1,170
-1, 024
51
15
92
1,007
1, 362
-401
22
267
6,704
91
-31
-424
-462
1,012
-1, 145
1,807
2,400
-10
-5
12
520
16
-74
-474
-57
-426
-23
2,406
737
2,496
2,832
256
33
40
'700
1, 056
1,046
66
168
102
-48
989
64
133
371
70
329
607
-158
104
34
169
89
388
125
94
-24
80
-15
174
3
40
154
-21
176
268
23
217
93
106
(*)
-55
335
-160
135
-46
273
-44
772
-26
409
1,016
-
328
344
622
1,646
1, 140
1 367
250
51
52
53
III*
II r
11,033
10,879
-94
--
I
11,907
11,658
336
_ _
IV
11,492
11,148
905
..
III
45,756
2.701
-
-
_
II
1968
Nonmarketable liabilities of U.S. Government, including medium-term securities payable
prior to maturity only under special conditions: *
Associated with specific transactions
Other medium- term securities
56
57
58
59
60
- -
U S Treasury marketable or convertible bonds and notes *
Deposits and monev market paper held in the United States ^
Errors and omissions, net
r Revised.
p Preliminary.
_
*Less than $500,000 (±).
i Details for lines 3 and 15 are given in table 4; for lines 29, 42, 43, 56, and 57, in table 5; for
lines 37 through 40, in table 6; and for lines 58 and 59, in table 7.
-
-16
469
(*)
412
-14
211
-775
104
535
111
3,107
1,476
1,871
-212
-433
-33
98
-152
1,173
-532
-6
-342
163
-348
-11
-413
513
2 Excludes undistributed profits of subsidiaries.
3 Numerically equal to net foreign investment in U.S. national income and product
accounts.
SUKVEY OF CUKRENT BUSINESS
December 1968
25
Table 2.—U.S. International Transactions—Seasonally Adjusted
[Millions of dollars]
I
1 Exports of goods and services
2
Excluding transfers under military grants
3
4
5
6
Merchandise, adjusted, excluding military
Transfers under military sales contracts.
Transfers under military grants, net
Transportation
7
g
9
10
Travel
Fees and royalties from direct investments
Other private services
Other U.S. Government services..
11
12
13
Income on U.S. investments
abroad:
' Direct investments 2 .
Other private assets _ _
U.S Government assets
14
• _
_
_ _ . - _ .
..- _-.: - _..
l
.
.
.._ .
'__..._______
Imports of goods and services --
18
19
20
Travel
Private payments for other services.
U S Government payments for other services
21
22
Income on foreign investments
in the United States:
Private payments 2
• __ . •
U.S. Government payments
-
.
. - _•
.
..
.
.
_
._
_
.
. __
-
. . . _. ...
-
..-
. . .
._..._..
... ._
. ._ ...
23
24
Balance on goods and services (lines 1 and 14) _ _•_ _ _. _
Excluding transfers under military grants (lines 2 and 14)
25
26
Unilateral transfers, net; transfers to foreigners (—)
Excluding military grants
..
_.
Private remittances.
Military grants of goods and services
Other U.S. Government grants l
U.S. Government pensions and other transfers
._
.
-- -
Merchandise, adjusted, excluding military 1
Military expenditures
Transportation __
.
_.
-
.
..
. ._ ...
_
_ _.
... .
II
_-___-__-..
IV
I'
II'
nip
11, 626
11,377
11, 667
11, 513
11, 654
11,496
12, 096
11,860
12, 780
12, 557
13, 473
13, 247
7,661
335
344
670
7,703
336
249
670
7,626
245
154
680
7, 478
323
158
681
7,924
306
236
709
8,325
362
223
704
8 840
405
226
727
421
271
338
81
384
295
343
90
417
295
343
80
424
280
343
85
442
299
348
90
421
327
373
95
443
313
386
85
1,019
424
151
970
421
165
1,237
434
156
1,291
438
153
1,087
457
198
1,255
474
221
1 326
515
207
-10,078
-10,108
-10,154
-10,648
-11,534
-11,965
—12 369
-6, 686
— 1, 072
-767
-6,605
-1, 065
-745
-6, 541
-1, 098
-720
—7, 159
-1, 104
-750
-7, 867
— 1. 110
-805
-8, 320
-1, 123
-748
—8 578
—1 150
—805
-704
-124
—165
-841
-124
—168
-925
-124
—171
-725
-128
—184
-773
-148
—171
-754
-148
-168
—784
—149
—168
-422
—138
-412
—148
-437
-138
-424
—174
-482
-178
-527
-177
—575
—160
1,637
1,293
1,518
1,269
1,513
1,359
1,006
848
562
326
815
592
1,104
878
... _
-1,074
-730
-1,108
-859
-999
-845
-799
-641
-878
-642
-936
-713
—980
—754
.-•_..___._
... .
.
_. .
—170
—344
-468
-92
-296
—249
-467
-96
-202
—154
-487
-156
-167
—158
—378
-96
-172
-236
-376
-94
-195
-223
-427
-91
—178
—226
—454
—122
_
.-._.-..--_--.'
_.
III
11, 715
11,371
-
._ _ _ ^
15
16
17
27
28
29
30
.-.._._-..-_-..
31
Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24 and 26) 3
32
Transactions in U.S. private assets, net ; increase in assets ( — )
563
410
514
207
—316
-121
124
—975
—1 104
—1,788
—1 638
—707
—1,448
—1 768
-653
—349
100
-10
-651
—368
130
39
-902
—540
137
-73
—815
—362
102
—72
-374
—372
100
-113
-1, 035
—315
220
12
—1 102
—366
91
—38
33
34
35
36
Direct investments 2 .
. __..."-_-_..
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities
37
38
Claims reported by U.S. banks: l
Long-term
Short-term
153
-74
188
-386
-72
-363
16
79
140
163
49
147
162
—356
39
40
Claims reported by U.S. residents other than banks: l
Long-term
Short-term
-68
-74
—170
114
42
-17
-93
—493
45
-296
-23
-503
—44
—115
—708
—572
-501
—630
—788
-645
—499
—926
—838
—739
—888
—1, 134
—957
—807
218
266
(*)
233
5
258
(*)
304
42
309
3
253
55
1,'027
—419
—375
—181
904
-137
—571
51
1,007
-31
15
-424
—10
92
-462
—5
1,012
— 1, 145
—48
1,362
-401
—57
22
267
-426
—74
474
—23
2,143
1,943
41
Loans and other long-term assets * l
Foreign currencies and other assets
44
45
Repayments on credits:
Scheduled
. ... _
_. _.
Nonscheduled (including sales of foreign obligations to foreigners)
47
48
49
. 50
_.
-
-
-
Transactions in U.S. Government assets, excluding official reserve assets, net; increase in assets ( — )
42
43
46
_
_.
__
_ _. __
___. f
--
_-
.
__ _ -
Transactions in U.S. official reserve assets, net; increase in assets ( — )
Gold
Convertible currencies
Gold tranche position in IMF
. - - . _ . .
.
Transactions in foreign assets in the United States, net; increase in foreign assets (U.S. liabilities) (+)
Direct investments 2
U.S. securities other than Treasury issues
Long-term liabilities reported by U.S. banks
54
55
Other liabilities reported by U.S. private residents other than banks:
Long-term
_ -._
Short-term
... ._ ._
._ ._. ._
56
57
Nonmarketable liabilities of U.S. Government,
including medium-term securities payable prior to
maturity only under special conditions: 1
Associated with specific transactions
Other medium-term securities
-
58
59
U S Treasury marketable or convertible bonds and notes * J
Deposits and money market paper held in the United States
Errors and omissions, net
Revised.
* Preliminary.
_
-
-
-
. _-
* Less than $500,000(±).
* Details for lines 3 and 15 are given in table 4; for lines 29, 42, 43 56, and 57, in table 5;
for lines 37 through 40, in table 6; and for lines 58 and 59, in table 7.
.
.__-
-
2,276
1,150
2,780
2,270
70
329
607
12
520
-158
104
34
169
256
700
66
33
1, 056
168
40
1,046
102
125
94
-24
80
-15
174
3
40
154
-21
176
268
23
217
78
140
(*)
-102
335
-132
135
-61
273
6
772
—97
409
—522
941
1,177
1,923
—217
301
530
-250
-458
207
-34
-243
(*)
>
5
64
133
371
343
51
52
53
60
r
_
1968
19 67
(Credits -{-; debits — ;
Line
-429
444
23 Excludes undistributed profits of subsidiaries.
Numerically equal to net foreign investment in U.S. national income and product
accounts.
Source: U.S. Department of Commerce, Office of Business Economics.
SUEVEY OF CUEEENT BUSINESS
26
December 1968
Table 3.—U.S Balance of Payments and Reserve Position
[Millions of dollars]
1967
1968
Line
Total
I
II
-505
-522
—802
-267
-302
410
-1,212
III
I
II
-1,742
—687
— 164
41
159
-428
-236
491
-1,901
-259
IV
III"
Amounts
outstanding
September 30,1968
Balance on liquidity basis— measured by increase in U.S. official reserve assets and
decrease in liquid liabilities to all foreigners :
1
Seasonally adjusted; decrease in net assets ( — )
2
Less seasonal adjustment
3
Before seasonal adjustment (lines 4 and 8, with sign reversed)
4
5
6
7
8
9
10
11
12
__ _
_ _
__
___
_
_
_
U S official reserve assets (table 1 line 46); increase ( — )
Gold
----Convertible currencies
IMF gold tranche position
_ _
Liquid liabilities to all foreigners (table 1, lines 58 and 59); decrease (— )
To official agencies l
- To commercial banks
To other foreign residents and unallocated 2
To international and regional organizations - __ - -
-3,571
-238
-220
52
1,027
—419
-375
-181
1,170
-1,024
-94
51
1,007
-31
15
-424
-10
92
-462
-5
1,012
-1, 145
-48
3,519
2,062
1,262
413
-218
-789
80
-753
80
-36
639
544
161
12
-78
1,587
281
1,265
96
-55
2,082
1, 317
589
225
-49
72
904
' —450
-137
—571
14 634
1,362
-401
-57
22
267
-426
-74
-474
-23
10, 755
2 953
926
-645
-1,363
638
3
77
65
-2, 198
2,248
97
-82
1,021
-44
997
43
25
33 603
13, 100
14 968
4, 829
706
Balance on official reserve transactions basis— measured by increase in U.S. official
reserve assets and decrease in liquid and certain nonliquid liabilities to foreign
official agencies:
13
Seasonally adjusted; decrease in net assets ( — )
14
Less seasonal adjustment
15
Before seasonal adjustment (lines 16 through 18, with sign reversed)
-1,764
—806
247
—1,082
—556
—485
—101
272
314
—646
—35
-3,405
-1,279
-705
-25
-1,396
90
1,563
52
1,027
-419
-375
-181
904
-137
14, 634
13,100
772
524
4 361
122
145
118
2,165
247
627
406
2,196
17
Liquid liabilities to foreign official agencies (line 9)' decrease ( — )
2,062
-80
544
281
1,317
-1, 363
18
Certain nonliquid liabilities to foreign official agencies' decrease ( — )
1, 291
332
580
119
260
369
-212
160
100
839
304
587
20
Liabilities reported by U.S. Government (table 1, portions of lines 56
and 57)
452
28
-7
p Preliminary.
1. Includes deposits of foreign branches of U.S. banks and of foreign commercial banks,
associated with their U.S.-dollar denominated liabilities to foreign official agencies.
331
91
-44
U S official reserve assets (line 4)* increase ( — )
Liabilities reported by U.S. private residents (table 1, portion of line 53).
444
353
-571
16
19
1,528
-2, 198
'
2. May include U.S. Government bonds and notes held by foreign commercial banks.
NOTE: Data for 1967 correspond to those published in the June 1968 Survey.
SUEVEY OF GUEEENT BUSINESS
December 1968
27
Table 4.—U.S. Merchandise Trade
[Millions of dollars]
Not seasonally adjusted
Seasonally adjusted
1967
Line
1 Merchandise exports, a djusted (table 1, line 3)1-
19b8
"• I""
Total
I
II
III
IV
30,468
7,589
7,911
7, 146
7,822
7,892
1967
1968
III*
I
II
III
IV
I
II
8,527
8,244
7,661
7,703
7,626
7,478
7,924
8,325
8,840
III *
2
Plus merchandise exp orts, other than military
from line 1 but
- grant shipments, ex eluded
included in Census d£ita 1
--3 Less merchandise expo rts included in line 1 but
excluded from Census data 2 . .
4 Less miscellaneous an 3 special adjustments
to
Census data incorponited in line 1, net 3
669
155
123
163
228
169
165
210
195
59
67
33
36
81
104
103
8
5
18
-18
Equals: Merchandise <ixports, Census basis, ineluding reexports, exc luding military grant shipments
Plus military
grant shipments recorded in Census
data 4
30,934
7,680
7,967
7,273
8,014
7,980
8,570
8,369
7,770
7,777
7,772
7,688
8,012
8,368
8,985
592
142
131
179
140
147
113
156
142
131
179
140
147
113
156
Equals: Merchandise exports, Census basis, including reexports and military grant shipments.
31,526
7,822
8,098
7,452
8,154
8,127
8,683
8,525
7,912
7,908
7,951
7,828
8,159
8,481
9,121
6,448
25, 078
24, 486
1,613
6,209
6, 067
1,612
6,486
6,355
1,445
6,007
5,828
1,778
6,376
6,236
1,657
6,470
6,323
1,504
7,179
7,066
1,441
7,084
6,928
1,642
1,659
1,604
1,551
1,671
1,554
1,617
6,128
6,118
6,168
6,137
6,341
6,814
7,348
11
Merchandise imports, a djusted (table 1, line .15)... 26,991
6, 646
6,622
6,430
7,293
7,749
8,277
8,513
6,686
6,605
6,541
7,159
7,867
8,320
8,578
12
from line 11
Plus merchandise impc>rts excluded
but included in Censiis data 5 _ _ _ _ . -. - - - - Less merchandise imp orts included
in line 11
but excluded from Ce nsus data 6 _. _ . Less miscellaneous an<I special adjustments
to
Census data incorponited in line 11, net 3
5
6
7
8
9
10
13
14
Agricultural goods
Nonagricultural good.3. .
Excluding military grant shipments
3
207
54
47
50
56
66
67
67
333
75
86
76
96
129
125
110
50
53
9
3
-1
42
-49
15
Equals : Merchandise imports, Census basis
(general imports)
26,812
6,616
6,580
6,405
7,211
7,735
8,219
8,420
6,684
6,590
6,542
7, 105
7,823
8,232
8,455
16
Balance on merchandise trade, Census basis, excluding military grant shipments (line 5 less
line 15)
.
... .
_
4,122
1,064
1,387
868
803
245
351
-51
1,086
1,187
1,230
583
189
136
510
Balance on merchandise trade, adjusted (line Hess
line'' 11)
__ - -
3,477
943
1,289
716
529
143
250
-269
975
1,098
1,085
319
57
5
262
17
TRADE BY END- USE CATEGORIES
18
Merchandise exports, C<;nsus basis, including military grant shipment s (line 7)
31,526
7,822
8,098
7,452
8,154
8,127
8,683
8,525
7, 912
7, 908
7,951
7,828
8,159
8,481
7, 121
19
20
21
22
Foods, feeds, and bev irages
Grains and preparat ions
Soybeans.. _._ .._
Other foods, feeds, a nd beverages
4,998
2,997
771
1,230
1,226
744
184
298
1,235
713
190
332
1,137
718
127
292
1,400
822
270
308
1,271
831
183
257
1,141
672
171
298
1,071
632
134
305
1,269
745
209
315
1,231
705
193
333
1,240
750
201
289
1, 263
792
178
293
1,308
831
207
270
1,140
668
173
299
1,173
657
214
302
23
24
Industrial supplies an d materials
Fuels and lubricant 3 .
9,875
1,106
2,456
227
2,564
273
2,404
341
2,451
265
2, 438
227
2,725
271
2,900
300
2,538
260
2,561
266
2,447
315
2,351
261
2,503
259
2,724
274
2,983
277
722
1,032
470
498
2,313
176
309
160
93
552
185
262
120
121
602
173
213
86
120
578
188
248
104
164
581
182
295
165
101
612
208
274
126
108
709
229
244
100
154
773
175
288
140
132
569
182
282
142
153
595
179
248
110
115
571
185
217
79
108
582
179
277
150
148
624
205
295
149
136
693
237
234
127
147
762
2,073
525
542
487
519
535
577
593
518
534
513
514
520
567
623
324
702
67
201
97
180
92
158
68
163
56
157
65
174
76
189
89
209
85
174
77
168
74
153
74
161
57
168
63
201
25
26
27
28
29
30
Paper and paper ba 36 Stocks
_..
Textile supplies and materials
Raw cotton, inclu ding linters
Tobacco, unmanufa ctured
Chemicals, excludin g medicinals - _ . _
Other nonmetals (hides, tallow, minerals,
wood, rubber, tires, etc.)
-- -
31
32
33
Steelmaking materfcils
Iron and steel produ cts
-- - Other metals, prim?iry and advanced, including advanced stee'
34
35
36
_.
Capital goods, except automotive
Machinery, except consumer-type
Electrical and elecjtronic, and parts and attachments
Nonelectrical, and parts and attachments— .
Construction nlachinery and non-farm
tractors and p arts
Textile and o ;her specialized-industry
machinery ancI parts
Other industria 1 machinery and parts,
n es
Agricultural machinery and farm tractors
and parts
Business and oflIce machines, computers,
etc., and parts
Scientific, profes sional, and service-industry equipment
Civilian aircraft, e ngines, parts
Other transportation equipment
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
Automotive vehicles and parts (including engines and parts)
To Canada
To all other area s
Passenger cars, new and used
Trucks, buses, and special vehicles
Parts and accessorie s, including engines and
parts
1, 105
306
302
242
255
273
339
342
298
290
261
257
261
324
389
9,913
8,115
2,471
2,046
2,612
2,159
2,335
1,904
2,495
2,006
2,649
2,037
2, 911
2,264
2,737
2,159
2,449
2,040
2,492
2,061
2,515
2,041
2, 480
1,982
2, 609
2,027
2,780
2,163
2,953
2,320
1,426
6,689
353
1,693
372
1,787
337
1,567
364
1,642
366
1,671
405
1,859
386
1,773
349
1,691
362
1,699
362
1, 679
356
1,626
361
1, 686
394
1,772
415
1,905
1,396
364
370
348
314
326
397
409
371
349
363
316
331
376
427
673
158
183
161
171
163
188
175
165
176
171
163
170
180
188
2,885
722
758
675
730
734
822
755
724
732
720
714
734
794
807
448
132
146
88
82
115
116
92
123
121
99
99
107
98
104
842
210
211
189
232
217
210
227
202
209
211
220
209
208
258
445
1,614
184
107
372
53
119
392
61
106
389
42
113
461
28
116
587
25
126
614
33
115
558
20
106
349
60
112
374
57
115
429
45
114
473
25
115
554
28
118
583
31
125
616
22
2,784
1,755
1,029
824
413
682
413
269
202
105
727
461
266
216
119
592
356
236
137
100
783
525
258
269
89
793
534
259
280
97
872
584
288
247
114
705
461
244
154
99
672
397
275
194
no
707
448
259
223
109
721
463
258
214
103
688
448
240
199
90
773
512
281
267
101
848
568
280
255
104
864
597
267
243
102
1,547
375
392
355
425
416
511
452
368
375
404
399
405
489
519
Beginning with this issue, table 4 is being expanded to present U.S. exports by OBE's end-use commodity categories, both seasonally adjusted and unadjusted. Similar data on U.S. imports have appeared in table 4; this issue
also inaugurates a more detailed listing of import end-use commodities than previously shown.
The development of data for earlier periods is presently underway. (Back-period statistics on end-use imports in
more abbreviated listing appeared in the September 1967 issue of the SURVEY, p. 34 ff.)
SUEVEY OF CUKEENT BUSINESS
28
December 1968
Table 4.—U.S. Merchandise Trade—Continued
[Millions of dollars]
Not seasonally adjusted
Line
Seasonally adjusted
1967
Total
I
1968
II
IV
III
I
1967
III*
II
I
II
1968
III
I
IV
III v
II
52
53
54
55
Consumer goods (nonfood), except automotive _ _
Consumer durables, manufactured
Consumer nondurables, manufactured
Unmanufactured consumer goods (gem stones,
precious and nonprecious)
2,111
825
1,222
64
18
16
14
16
20
27
24
17
15
17
16
18
25
30
56
Special category (military-type goods)
1,102
269
222
294
317
257
203
294
255
209
308
342
241
192
310
57
58
59
Exports, n.e.c., and reexports _
Domestic (low- value, miscellaneous)
Foreign (reexports)
743
359
384
179
83
96
196
96
100
185
88
97
183
92
91
191
93
98
215
108
107
207
100
107
187
89
98
182
89
93
193
93
100
185
91
94
198
97
101
199
101
98
214
104
110
26, 812
6,616
6,580
6,405
7,211
7,735
8,219
8,420
6,684
6,590
6,542
7,705
7,823
8,232
8,455
4,586
1,698
962
589
2,888
1,149
449
261
117
700
1,099
409
230
152
690
1,105
429
235
176
676
1,233
411
236
144
822
1,187
437
289
109
750
1,301
495
268
182
806
1,438
540
325
189
898
1,181
458
244
168
723
1,125
430
244
155
695
1,128
413
246
144
715
1,173
412
232
138
761
1,222
449
268
156
773
1,333
522
285
186
811
1,434
502
334
140
932
11, 772
2,232
2,995
621
2,938
557
2,750
490
3,089
564
3,481
657
3,558
568
3,534
632
3,019
568
2, 882
571
2,766
501
3,152
595
3,529
603
3,490
583
3,479
638
'60
Merchandise imports, Census basis (line 15)
61
62
63
64
65
Foods, feeds, and beverages
Coffee, cocoa, and sugar
Green coffee
Cane sugar . - _ _ . Other foods, feeds, and beverages
66
67
Industrial supplies and materials
Fuels and lubricants
68
69
70
71
72
73
47
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
Paper and paper base stocks
. ----Materials associated with nondurable goods
output, n.e.s
Textile supplies and materials
Tobacco, unmanufactured
Chemicals, excluding medicinals
Other (hides, copra, materials for making
photos, drugs, dyes)
Building materials, except metals
_.
Materials associated with durable goods output,
n.e.s
_
Steelmaking materials
Iron and steel products
Other metals, primary and advanced, including advanced steel
Nonmetals (gums, oils, resins, minerals,
rubber, tires, etc.)
Capital goods, except automotive
Machinery, except consumer-type
Electrical and electronic, and parts and attachments
-_.
Nonelectrical, and parts and attachments
Construction, textile and other specializedindustry machinery and nonfarm tractors and parts
. _.
_ . _
Other industrial machinery and parts,
n.e.s.-_
Agricultural machinery and farm tractors
and parts
Business and office machines, computers,
etc., and parts
Scientific, professional and service-industry
equipment and parts; and miscellaneous
transportation equipment
Civilian aircraft, engines, parts
__. _
539
214
307
542
216
310
505
188
303
525
207
302
528
207
301
616
235
354
611
221
366
542
217
308
526
205
306
527
200
310
519
204
299
527
208
301
598
224
349
639
234
375
1,386
345
355
334
352
337
378
336
358
350
336
343
350
373
336
2,371
1,015
162
584
686
280
74
155
585
250
41
157
513
236
8
133
587
249
39
139
735
300
81
171
691
303
24
176
668
304
10
173
615
267
40
154
565
242
35
146
577
248
39
141
628
263
57
143
663
287
44
172
675
293
22
164
729
311
43
181
610
177
137
136
160
183
188
181
154
142
149
165
160
196
194
754
164
190
209
191
216
253
292
183
179
190
204
242
240
263
5,029
681
1,422
1,179
130
313
1,251
181
356
1,204
183
358
1,395
187
395
1,536
109
419
1,668
189
556
1,606
209
613
1,295
199
353
1,217
171
335
1,162
152
340
1,382
175
402
1,671
167
477
1,619
178
522
1,513
171
563
2,182
547
536
484
615
802
717
551
558
533
487
607
824
713
' 544
744
2,382
2,252
189
613
577
178
599
572
179
573
541
198
597
562
206
678
633
206
700
654
233
705
666
185
600
564
178
587
560
183
601
569
198
604
569
203
666
621
206
687
641
235
720
681
535
1,717
138
439
124
448
131
410
142
420
153
480
172
482
180
486
136
428
129
431
134
435
138
431
152
469
177
464
179
502
378
98
96
93
91
111
108
119
97
96
95
92
111
107
118
169
171
192
186
153
163
168
170
170
192
183
72
106
82
78
88
90
90
83
96
68
94
45
50
54
63
650
154
161
166
352
99
108
73
183
50
46
39
48
51
56
56
50
45
44
154
130
38
36
37
27
39
32
40
35
41
45
44
46
47
39
40
36
37
27
38
32
41
35
42
45
43
46
44
39
2,634
1,599
1,035
1,701
302
648
355
293
428
69
654
419
235
420
79
536
333
203
318
69
796
492
304
535
85
992
595
397
632
110
1,064
644
420
723
92
888
490
398
581
98
583
331
252
377
64
655
412
243
419
84
680
434
246
420
91
737
438
299
494
72
900
560
340
560
102
1,061
630
431
718
98
1,094
623
471
741
123
91
92
93
94
95
Automotive vehicles and parts (including engines
and (parts)
From Canada
.___
From all other areas
Passenger cars, new and used..
__
Trucks, buses, and special vehicles
Parts and accessories (including engines and
parts).
_..
_.
631
151
155
149
176
250
249
209
142
152
169
171
238
245
230
96
97
98
99
Consumer goods (nonfood), except automotive. _ 4,213
2,190
Consumer durables, manufactured _
1,556
Consumer, nondurables, manufactured
Unmanufactured consumer goods (gems, nurs467
ery stock)
_
946
495
342
985
516
362
1,130
567
442
1,152
612
410
1,099
547
429
1,259
633
479
1,517
784
592
1,031
546
378
1,036
534
382
1, 048
538
388
1,108
578
410
1,202
604
476
1,324
654
506
1,385
735
513
109
107
121
130
123
147
141
107
120
122
120
122
164
137
265
305
311
344
298
337
338
270
305
319
331
304
337
343
90
100
Imports, n.e.s. (low value, goods returned, military aircraft, Government-purchased uranium movies exhibits)
1, 225
•p Preliminary.
1 Consists mainly of exports of military equipment under Defense Department sales
contracts with foreign governments to the extent that such exports are included in the Census
data/Also includes net additions of domestically owned goods into storage abroad (e.g.,
U.S. grain stored in Canada); exports to the Panama Canal Zone; and exports of exposed
motion
picture film for rental rather than sale.
2
Includes net liquidations of domestically owned goods out of storage abroad (e.g., U.S.
grain sold from storage in Canada); exports of electrical energy; exports of nonmonetary
gold and silver, and net sales of gold by U.S. private residents to the U.S. monetary gold
stock; personal remittances in kind (gift parcels sent through the mail); and transfers, financed under nonmilitary aid programs, of goods to recipient countries from Defense
Department
stocks located abroad.
3
Includes valuation adjustments for goods considered to be underpriced or overpriced
in Census data; timing adjustments for goods recorded in the Census data in one period but
known to have been shipped in another period; and coverage adjustments for special situations
in which shipments are omitted from the Census data.
* Not seasonally adjusted—this series shows no evidence of stable seasonally.
5
Consists mainly of Defense Department and other imports which duplicate in whole
or in part purchases (e.g., of nuclear materials) included in table 1, line 16 (Military expenditures). Also includes imports of domestically owned goods returned from storage abroad
(e.g., grain from storage in Canada); imports from the Panama Canal Zone; and foreign
charges for repair of U.S. vessels.
6 Includes imports of electrical energy, and private purchases of nonmonetary gold and
silver.
Source: U.S. Department of Commerce, Office of Business Economics.
December 1968
SURVEY OF CUEEENT BUSINESS
29
Table 5.—Major U.S. Government Transactions
[Millions of dollars]
1967
Line
A. 1
la
U.S. Government grants (excluding military) and transactions increasing Government assets, total (table '1,
lines 29, 42, and 43, with sign re versed).
.__
_
_
Seasonally adjusted
Total
I
II
5,191
1,333
1,394
1,800
776
-198
1968
I
Ill
IV
1,430
1,305
1,144
1,226
1,284
1,266
1,449
1,510
1,508
1,384
1,178
1,261
485
574
-392
509
100
131
445
49
-32
361
54
94
393
383
-138
4b9
78
71
411
32
13
740
171
173
2
20
198
42
36
(*)
2
243
50
84
1
16
137
36
28
1
1
162
43
25
(*)
2
261
44
37
1
6
170
55
31
1
6
61
50
36
2
10
218
679
7
401
194
2,574
45
45
544
2
78
33
672
-39
76
74
2
109
42
639
9
63
28
1
143
77
578
27
33
34
2
70
41
b86
48
54
368
2
63
38
753
19
52
53
1
86
45
802
46
45
16
6
79
17
735
-30
1,315
2,273
1,229
194
167
364
401
-27
78
339
685
269
33
42
80
78
-1
-35
428
532
337
42
44
149
109
-24
32
24b
544
281
77
42
66
143
-1
32
302
512
342
41
40
70
70
-1
48
406
515
400
38
48
88
63
-1
18
419
573
382
45
48
92
86
-1
37
166
583
305
17
120
96
79
-1
-29
4,461
3,523
750
390
178
104
1,162
966
172
99
40
1
1,247
933
204
111
84
37
954
790
191
81
29
30
1,098 r 1, 323
834
••949
183
'223
100
115
25
61
37
43
1,308
925
224
175
31
24
1,069
775
201
130
36
6
-85
401
-38
78
-12
109
-23
143
-12
70
-5
63
15
86
«»
731
171
184
190
186
'126
199
108
-16
93
78
106
140
-55
-102
-160
-132
-46
-61
-44
6
-26
-97
64
102
95
106
147
-28
-67
-116
—111
-22
-29
-60
-3
-73
-136
1,023
390
110
1,240
347
99
16
328
397
111
24
377
112
81
15
206
167
100
55
328
185
115
24
299
282
175
99
419
145
130
6
342
-85
-38
-38
-25
-12
-12
-23
-23
-12
-12
-5
-5
-12
(*)
-18
(*)
-12
(*)
-5
(*)
-4
-12
-19
-27
-2
-2
-33
-10
-30
1
-4
335
10
325
135
10
125
273
48
225
Hip
II r
By category
10
11
12
13
14
15
16
Grants not
--Credits repayable in foreign currencies
Other foreign currency assets (excluding administrative cash holdings), net
Receipts from—
Sales of agricultura1 commodities
Interest
- Repayments of principal
Reverse grants
Other sources
-Less disbursements for—
Grants in the recipient's currency
_
_ _ _ _ _
Credits in the recipient's currency.
Other grants and credits
Other U S Government expenditures
•_ _
Capital subscriptions to international and regional organizations, excluding IMF
Credits repa yable in U S dollars
Other assets (including changes in administrative cash holdings) , net _ .
17
18
19
20
21
22
23
24
25
Under farm product disposal programs
__
_ _ _ _ _
Under Foreign Assistance Acts and related programs._.
..
Under Export-Import Bank Act
Capital subscriptions to international and regional organizations, excluding IMF
Other assistance programs
_
_ •_ __
Other foreign currency assets acquired (lines A.6, A. 7, and A.9) _
Less foreign currencies used by U.S. Government other than for grants or credits (line A. 13)
Advances under Exchange Stabilization Fund agreements, net
Other (including changed in administrative cash holdings), net.
....
26
27
28
29
30
31
32
Estimated transactions involving no direct dollar outflow from the United States _ _
_ __
Expenditures on U S. merchandise
Expenditures on U S. services 2
_
_.
Military sales contracts financed by credits (including short-term, net) 3 (line B.4)_
U S Government credits to repay prior U.S. Government credits 2 _ _
US Government credits to repay prior U.S. private credits
_
Increase in claims on U.S. Government associated with Government grants and transactions increasing
Government assets (including changes in retained accounts^ (line B. 7) _
...
Less foreign currencies used by U.S. Government other than for grants or credits (line A. 13)
Estimated dollar payments to foreign countries and international and regional organizations through U.S.
Government grants and transactions increasing Government assets _ _ _ _ _
_
2
3
4
5
6
7
8
9
-
_ __ _
. - _ __ _
..
_
._
By program
By disposition 1
33
34
B. 1
la
2
2a
3
4
5
6
7
7a
8
9
10
11
12
13
13a
14
15
16
C. 1
2
3
U S Government liabilities associated with specific transactions (table 1, line 56); net increase (+)
Seasonally adjusted
- - ~ .
--Associated with military sales contracts *
- -_
Seasonally adjusted
U.S. Government receipts from foreign governments (including principal repayments on credits financing
military sales contracts) , net of refunds
. __ __
_
Plus military sales contracts financed by U S Government credits *> (line A 29)
Less U S Government receipts from principal repayments _ -_
Less transfers of goods and services (including transfers financed by credits) (table 1, line 4)_
Associated with U S Government grants and transactions increasing Government assets (line A. 32)
Seasonally adjusted
.
Non-interest-bearing securities issued to IDA
Nor -interest-bearing securities issued to ID B
.
Non-interest-bearing securities issued to U.N. for special programs
Foreign funds retained in U.S. Government accounts for purchases in the United States
-- _ _
Other
Associated with other specific transactions ,,
__ _
_
_ _ _ _ _ __
Seasonally adjusted
Purchase of Columbia River downstream power rights
U.S. Government nonmilitary sales and miscellaneous operations
_ .. _ .
Nonmarketable U S. Government obligations to be liquidated against U.S. claims
-17
-43
(*)
5
r)"1
-30
15
20
1
29
Foreign holdings of nonmarketable, medium-term U.S. Government securities, payable before maturity only
under special conditions, not associated with specific transactions (table 1, line 57); net increase (+)
_ __
Export-Import Bank Portfolio Certificates of Participation
__
_
U S Treasury securities not included elsewhere 6
469
19
450
r Revised.
* Preliminary.
*Less than $500,000 (±).
1 The identification of transactions involving direct dollar outflow from the United States
is made by the operating agency. Data for second and third quarters 1968 are based on the
extrapolations
by O B E.
2
Line A.28 includes foreign currency collected as interest and line A.30 includes foreign
currency
collected as principal, as recorded in lines A.6 and A.7.
3
Consists of transfers of military goods and services financed by U.S. Government credits
and of advance payments to the Defense Department (on military sales contracts) financed
by credits extended to foreigners by U.S. Government agencies.
* Transactions under military sales contracts are those in which the Defense Department
sells and transfers military goods and services to a foreign purchaser, on a cash or credit basis.
-25
-12
30
M
(*)
(*)
(*)
12
B
15
-4
(*)
.(*)
15
15.
(*)
(*)
-5
-2
-17
15
(*)
1
-e
i
772
(*)
773
(*)
(*)
46
38
49
o
409
409
The entries for the several categories of transactions related to military sales contracts in this
and the other tables are partially estimated from incomplete data.
s Consists of transfers of military goods and servicas financed by U.S. Government credits
(included in line B.6) and of increases in Defense Department liabilities (on military sales
contracts) which arise from advance payments to the Defense Department financed by
credits
to foreigners by U.S. Government agencies.
6
Includes securities payable in U.S. dollars and in convertible foreign currencies.
NOTE.—Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Office of Business Economics.
Quarterly statistics, 1960-67, for section A of table 5 and for table D are presented in Foreign Grants and Credits by
the United States Government, issue number 80. This report also includes a detailed enumeration, by country, of the
transactions included in line 45 of table 1 for all quarters 1959-67 and other information for 1965-67 supplementing
table 5 and lines 13, 28-29, and 41-45 of table 1. Copies of this report are available free, as long as the supply lasts, by
request from the Office of Business Economics (BE-50), U. S. Department of Commerce, Washington, D. C. 20230.
SURVEY OF CUKRENT BUSINESS
30
December 1968
Table 6.—Claims on Foreigners Reported by U.S. Banks and U.S. Private Residents Other Than Banks
[Millions of dollars]
1967
Total
I
Amounts
outstanding
September
30, 1968
1968
Line
II
I
IV
III
III*
II
Claims reported by U.S. banks:
A.
I
Long-term (table 1, line 37, with sign reversed)
2
3
4
5
6
7
g
Canada
United Kingdom
European Economic Community
Other Western Europe
Japan
_____
Other countries
_
--
--
Short-term (table 1 line 38 with sign reversed)
16
17
18
19
20
21
22
U S -dollar acceptance credits
Canada
United Kingdom
European Economic Community
Other Western Europe
Japan
Other countries
-
23
24
25
26
27
28
29
U S -dollar collections outstanding
Canada
_United Kingdom
European Economic Community
Other Western Europe
Japan
-_
Other countries
30
31
32
33
34
35
36
Other claims in U.S. dollars _
_
Canada
United Kingdom
European Economic Community
Other Western Europe
Japan
Other countries
37
38
39
40
41
42
43
Foreign currency deposits and other claims...
Canada
-United Kingdom
_._ _European Economic Community
Other Western Europe
Japan
Other countries
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
23
24
25
—188
72
— 16
—140
49
162
3 574
4
11
28
—72
65
—92
58
31
11
—10
10
—24
74
49
4
—12
2
38
12
—8
68
1
11
21
48
—20
28
1
6
48
46
—16
59
418
71
132
355
136
2 462
217
U S -dollar loans
_
Canada
;
United Kingdom
European Economic Community
Other Western Europe
Japan
Other countries
-
1
— 153
87
—14
—240
—189
-146
g
10
11
12
13
14
15
B.
—285
_
-
18
390
77
259
219
143
70
8 314
—117
—106
—6
44
g
33
10
—18
-
104
16
—39
3
17
6
153
—119
19
1
—38
—48
—50
—1
129
—7
4
149
17
16
26
7
42
55
3 190
179
103
180
180
508
2 040
87
13
51
3
3
11
7
--
475
5
13
32
—21
438
72
-
222
—1
—3
10
—4
184
56
- _-
_ _ _ _
- --
-_ __
_
_
__ _ _
-_
-
'
-
Claims reported by U.S. private residents other than banks:
Long-term (table 1 line 39 with sign reversed)
Canada
United Kingdom
--European Economic Community
Other Western Europe
Japan
Other countries
- ---_ _
__
-
---
32
—16
26
—4
1
20
5
5
..
---
-
Short-term (table 1, line 40, with sign reversed) ._
Reported by brokerage concerns
Reported by others
-. _ • _ . _ - _
. . - _ _ - -. - . . - - . _
Canada
United Kingdom
- --. ..
European Economic Community
Other Western Europe _
_ _ ___ . . _ . . . .
Japan
Other countries. _.. ..
.. - ...
- - .. ..
Of which' Deposits and money market assets
U S.-dollar claims reported by major U.S. corporations
Foreign currency claims
Canada . - - ..
..-_.United Kingdom
European Economic Community
Other Western Europe
Japan
..
. ..
.. .
Other countries.- . •.. - ..
. ..
82
9
114
10
22
10
—43
—74
—75
170
_ -
- -
—110
744
_
_-
—1
—48
—32
-39
—29
68
1
(*)
5
—1
22
43
—23
—19
__2
—10
3
7
_2
(*}
—98
—7
_7
1
—8
12
336
34
—105
73
2
—2
11
4
72
16
22
2
2
12
—3
48
—15
46
21
2
27
29
—1
—5
2
18
11
3
—9
24
—19
(*)
1
6
—23
-49
9
17
289
38
17
34
25
33
142
68
10
5
27
7
13
6
470
155
315
55
102
7
37
49
65
96
28
- .-.
29
_3
59
47
—2
400
10
g
3
_7
(*)
9
10
— 10
124
.. _
(*)
—101
Q
24
82
20
30
2
0
16
—5
—20
29
61
37
(*\
-30
29
15
42
56
•86
—11
12
2
—22
148
—39
22
9
4
14
5
7
—23
195
1
3
1
15
—88
—91
72
2 745
64
41
14
153
1 637
836
59
78
6
3
3
7
48
31
—15
—1
1
5
—2
—34
16
10
—3
5
1
4
—5
8
1 625
14
26
95
64
703
723
—57
—18
—19
—24
_7
7
4
57
2
26
9
_1
—1
22
—58
—24
—19
—5
(*)
—11
1
408
141
57
17
12
80
101
20
8
—5
4
—3
g
4
42
12
7
9
(*)
13
5
—21
1
(*\
—111
22
11
—13
15
5
—2
6
3
37
—17
—20
—3
7
(*)
—18
2
4
—1
—99
—61
—20
—20
(*)
—3
5
1
14
5
3
9
346
82
40
74
25
38
87
170
21
—4
31
—1
2
121
—42
5
13
—46
—5
1
93
2
3
22
24
19
23
—45
9
—7
—4
6
(*)
—49
23
15
—15
(*)
24
3
—4
44
5
4
4
11
—2
22
1 854
596
31
86
211
129
801
88
—76
13
445
308
539
112
4,269
30
58
—7
64
11
5
—1
—14
31
12
-71
—60
-11
16
7
42
-29
-34
-37
6
13
16
7
52
393
84
146
50
30
18
65
-32
340
-45
334
49
18
—19
3
106
433
59
385
31
-18
-24
(*)
23
89
-33
37
50
-9
12
32
398
3,871
526
1,503
571
218
.185
868
—60
—52
411
i 1 907
1,621
151
511
53
28
25
_9
3
—1
-107
— 108
48
18
105
—14
5
10
(*)
-6
71
—6
—1
-2
-3
-1
-67
—13
(*)
20
1
-23
51
-18
-1
-9
14
Q
—1
(*)
262
15
-26
-43
7
5
3
2
203
—20
51
144
-2
1
-11
(*)
-29
252
36
9
(*)
9
46
352
8
—1
-10
16
n.a.
-160
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-20
-80
24
118
-22
-75
27
26
-59
-118
-27
-25
183
277
390
21
286
346
1,224
130
32
69
106
Memorandum items:
26
27
U.S. -dollar deposits in Canadian banks:
As reported by major U.S. corporations other than banks (included
in line B . 18)
As reported in Canadian banking statistics . . ... .. - ...
p Preliminary.
*Less than $500,000 (±). 1.
i Amounts outstanding, lines B.17-B.25, are as of June 30,1968.
SUEVEY OF CURRENT BUSINESS
December 1968
31
Table 7.—U.S. Liquid Liabilities to Foreigners
[Millions of dollars]
1967
1968
Line
Total
1 Liquid liabilities to all foreigners (table 1, lines 58 and 59; table 3, lines 8 through 12) __
2
3
4
5
6
7
8
9
To foreign official agencies
Central banks and governments
Demand deposits
Time deposits *
_
_
Other private obligations, mainly money market paper 1
U.S. Treasury obligations:
Short-term securities and other obligations
Payable in U.S. dollars
Payable in foreign-currencies
15
._
Bonds and notes, marketable
Bonds and notes nonmarketable convertible
Payable in U.S. dollars
Payable in foreign currencies
- - - _
10
H
^12
13
14
_
_ -
__ _ _
_ _ _.
-
___
15a
Seasonally adjusted
16
17
18
19
Demand deposits . _
_ _
Time deposits 1
__ __ _ _ _
Other private obligations, mainly money market paper 1
U S Treasury short-term securities
-
20
_ __
T o other foreign residents a n d unallocated
_
_ _ _
21
22
23
Demand deposits
Time deposits l
Other private obligations, mainly money market paper *_
24
25
U.S. Treasury obligations:
Short-term securities. _ _
Bonds and notes
_
To international and regional organizations not included above
27
28
29
Demand deposits
Time deposits l
_ _ _.
Other private obligations, mainly money market paper l
30
31
U.S. Treasury obligations:
Short-term securities.
Bonds and notes
_
I
II
III"
-789
639
1,587
2,082
-645
65
1,021
2,062
-80
544
281
1,317
-1,363
-2,198
—44
13 100
2 040
—97
281
173
101
1 317
—1 371
—2 187
-191
—44
106
17
—32
12 070
1 997
1 983
1 439
4 965
-163
—389
—188
20
118
539
134
51
260
1 305
1,670
—365
285
357
—72
—4
12
—16
—125
1,097
—152
48
455
5
72
52
46
—6
125
455
72
46
125
22
17
5
1,262
-753
161
1,265
—979
355
-518
-190
—50
5
278
-82
—40
5
1,297
-98
70
—7
79
204
457
51
2
—127
-167
-338
—181
59
35
945
—884
—949
—2 036
—2, 036
152
-35
187
—3
212
—359
100
/*\
—3
—26
49
212
100
(*)
65
-49
33,603
5 369
404
520
762
25
737
8
—11
589
638
2,248
997
1,119
767
412
2,442
851
982
79
221
—17
555
95
—61
(*)
537
24
155
—78
1,831
94
323
(*)
718
111
163
5
10,848
1,372
2 692
(*)
1 030
(*)
14,968
56
413
80
12
96
225
3
97
43
4,829
180
233
-28
43
34
5
60
—8
-37
-37
93
18
114
114
-14
—108
__
—2
47
109
-5
-3
-53
66
27
1 641
2,116
o
30
-4
2
-11
8
8
14
5
6
20
46
-13
9
-10
13
78
626
______
-218
-36
-78
-55
-49
77
-82
25
706
_ _ _ _ _
11
-15
-59
—2
—4
-21
(*)
-20
5
15
12
-42
—2
-3
-1
15
20
9
-3
-24
-21
-1
18
23
79
135
126
-34
84
-93
-61
—2
-18
-22
-39
-4
32
1
5
-39
75
-90
290
76
.
p Preliminary.
*Less than $500,000 (±).
1. With maturity of 1 year or less; negotiable certificates of deposit with a maturity of 1
year or less are included with money market paper.
2. Includes liabilities of U.S. monetary authorities for gold deposited by and held for IMF.
Excludes dollar holdings of IMF except holdings acquired through gold sales to the United
IV
HI
_ _ _ _ _
____-
26
_
_ _ _ _ _
_ _
II
3,519
375
International Monetary Fund To foreign commercial banks
I
Amounts
outstanding
September 30,
1968
-121
•
368
States with the option to reverse the transactions. These reversible transactions amounted to
$200 million in 1959, $300 million in 1956, and $300 million in 1960.
NOTE.—Data for 1967 correspond to those published in the June 1968 Survey.
SUEVEY OF CURRENT BUSINESS
32
December 1968
Table 8.—U.S. International
[Millions
United Kingdom
(Credits +; debits -)
Line
1967
Total
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
Exports of goods and services _ _
3,334
Excluding transfers under military
3,334
grants.
Merchandise, adjusted, excluding mili1,864
tary.
Transfers under military sales contracts .
328
Transfers under military grants, net
Transportation __
_Travel
43
Fees and royalties from direct invest164
ments.
Other private services
129
Other U.S. Government services
20
Income on U.S. investments
abroad:
Direct investments 2
274
Other private assets
102
U.S. Government assets
123
Imports of goods and services
-3,107
Merchandise, adjusted, excluding mili- -1, 705
tary.
Military expenditures -„
-210
Trans portation
-455
Travel
-190
Private payments for other services
-140
U.S. Government payments for other
-15
services.
Income on foreign investments in the
United States:
Private payments 2
-335
U.S. Government payments
-57
Balance on goods and services (lines 1
227
and 14).
Excluding transfers under military
227
grants (lines 2 and 14).
Unilateral transfers, net; transfers to
-53
foreigners (— ).
Excluding military grants. _
-53
Private remittances
.-36
Military grants of goods and services
(*)
Other U S Government grants
(*)
U.S. Government pensions and other
-17
transfers.
Balance on goods, services, and unilateral
174
transfers (lines 23 and 25, or 24 and 26).
Transactions in U.S. private assets, net; -578
increase in assets (— ).
Direct investments 2
-342
Foreign securities newly issued in the
United States.
Redemptions __
Other transactions in foreign securities _ . -71
Claims reported by U.S. banks:
Long-term
14
Short-term
_ _ -_
-49
Claims reported by U.S. residents other
• than banks:
Long-term
-17
Short-term
-113
Transactions in U.S. Government assets,
-136
excluding official reserve assets, net;
increase in assets (— ).
Loans and other long-term assets
-240
Foreign currencies and other assets
-9
Repayments on credits:
Scheduled
._
114
Nonscheduled (including sales of foreign obligations to foreigners).
Transactions in U.S. official reserve assets,
-19
net; increase in assets (— ).
Gold
879
Convertible currencies
-898
Gold tranche position in IMF
Transactions in foreign assets in the
769
United States, net; increase in foreign assets (U.S. liabilities)
(+).
2
Direct investments
65
U.S. securities other than Treasury
-453
issues.
Long-term liabilities reported by U.S.
-74
banks.
Other liabilities reported by U.S. private
residents other than banks:
Long-term
44
Short-term
116
Nonmarketable liabilities of U.S. Government, including medium-term
securities payable prior to maturity
only under special conditions:
Associated with specific transactions _ _
11
Other medium-term securities
U.S. Treasury marketable or convertible
32
bonds and notes.
Deposits and money market paper held
1,029
in the United States.
Errors and omissions, and transfers of
-211
funds between foreign areas, net;
receipts by foreign areas (-).
••Revised.
^
Preliminary.
1
I
1967
1968
II
IV
III
I
Total
I0>
II r
I
1968
II
III
IV
I
II r
III?
746
746
858
857
790
790
941
941
793
793
877
877
896
897
7,517
7,517
1,872
1,872
1,920
1,920
1,729
1,729
1,996
1,996
1,775
1,776
2,154
2,154
2,049
2,049
445
476
475
468
454
493
498
5,506
1,371
1,430
1,233
1,472
1,374
1,554
1,564
54
(*)
64
10
36
138
(*)
71
11
41
48
(*)
82
14
46
88
(*)
71
8
42
70
66
101
428
67
74
12
46
°84
18
41
438
120
235
120
(*)
109
32
60
68
62
9
39
173
(*)
96
16
56
54
?!0
24
65
64
-1
100
16
60
141
(*)
113
31
67
41
(*)
129
41
66
33
5
33
4
32
6
31
4
33
6
34
5
35
5
227
22
60
5
59
6
52
6
56
5
58
6
60
6
68
10
65
25
10
-723
-427
45
27
11
-784
-417
59
24
5
-779
-395
105
26
98
-821
-466
68
29
23
-803
-461
144
165
61
99
48
398
105
71
68
59
28
44
32
27
28
40
118
30
28
28
12
10
22
12
4
36
26
4
9
6
-935 -1,004 -7,280 -1,673 -1,801 -1,885 -1,920 -2,029 -2,218 -2,330
-532
-564 -4, 488 -1,076 -1, 054 -1, 072 -1, 286 -1,407 -1,487 -1, 523
-47
-101
-17
-35
-4
-40
-133
-61
-34
^4.
-120
-85
-35
-4
-79
-101
-27
-36
-4
-48
-106
-16
-46
-3
-39
-124
-60
-46
-4
-43 -1, 116
-121
-621
-422
-85
-60
-46
-3
-59
-79
-15
22
-77
-17
74
-83
-14
11
-96
-12
120
-109
-13
-10
-119
-11
-57
-134
-9
-108
-107
A
-288
-225
i! 237
(
(
^3
48
-280
-131
-40
-15
-14
-277
-191
-124
-16
-14
-297
-172
-194
-15
> -18
-262
-128
-64
-14
-14
-264
-139
-44
-18
-14
-269
-176
-104
-18
-15
-263
-186
-185
-19
-19
-69
-49
199
-69
-57
119
-71
-48
-157
-81
-72
76
-70
-74
-254
-77
-72
-64
-80
-56
-281
-253
22
74
11
120
-10
-57
199
119
-64
-281
-13
-15
-12
-13
-14
-15
-15
-100
-22
-27
-27
-25
-17
-17
-24
-13
-15
-11
(*)
(*)
-12
-8
(*)
-13
-9
(*)
-14
-10
-15
-11
-16
-11
(*)
-100
-12
-22
-2
(*)
-27
-6
(*)
-27
-1
(*)..
-25
-3
(*)
-18
2
1
-17
3
(*)
(*)
-4
-4
A
-4
-5
-87
-20
-20
-26
-21
59
-1
107
-24
-73
137
177
92
-183
51
-93
-85
-247
Q
(*)
-4
10
-154
-366
-432
237
-123
-427
1
-533
-41
-116
-74
-112
-19
-19
-7
1
-23
28
-58
-11
-15
-26
4.
47
-5
-67
-53
4
68
-61
-13
35
-45
-59
1
-71
-2
-47
2
6
12
757
-313
51
372
380
-3
760
34
-347
77
591
771
720
900
-528
-50
430
113
-159
675
140
1,081
1,911
308
2,203
28
237
33
89
112
440
(*)
-514
-9
—19
-368
-816
(*)
-67
-90
-195
-156
-157
76
-20
-271
-24
6
-21
-30
-81
-305
-142
-234
-6
-236
-85
-.204
-261
-171
-176
-71
4
4
-14
38
-30
9
-17
9
-6
9
13
12
-20
5
46
7
4
4
3
2
3
-11
-26
-6
(*)
240
96
48
91
72
7
10
-6
110
4
38
122
21
-48
48
-11
-3
-149
22
7
-333
-46
15
-395
-45
-4
-40
-81
-34
-26
-74
-27
-15
8
31
55
-10
46
-10
-23
-22
-56
-50
4
-50
39
-44
-22
-4
-54
-9
-63
-10
-56
10
-70
(*)
-83
1
-89
-14
-7
10
-18
-4
-31
(*).
-33
-21
-22
10
-31
-6
-36
-15
25
1
30
5
13
8
4
13
38
15
6
36
31
-6
8
302
-290
-587
31
-6
85
-77
258
44
-193
-97
-240
-347
563
985
841
16
83
17
193
34
117
100
228
54
248
-1
-1
-4
1
5
-41
95
.(*)
-358
64
31
-358
85
-21
(*)
31
-186
-214
-728
658
3
387
-6
-28
1
71
12
10
58
-507
62
107
o
-51
-1
-20
-16
82
34
-4
2
-23
81
-11
-1
41
-49
135
21
6
129
33
43
18
27
-3
-2
13
27
5
-9
87
17
54
142
9
61
14
-24
27
-21
36
-45
101
105
4
12
15
1
43
9
17
109
250
339
50
27
-61
125
100
-36
125
162
-34
125
-3
-122
263
-1
-17
124
-50
625
915
1,444
80
879
-1,367
140
1,357
328
16
-674
-166
567
\554
-30
(*)'
(*)
-73 -1,017 -1,741
*Less than $500,000 (±) .
Includes transactions with shipping companies operating under the flags of Honduras,
Liberia, and Panama.
European Economic Community
.
-2
681 -1,798
44
47
(*)
-473
37
(*)
337
-586
571
-631
444
-617
-730
150
2 Excludes undistributed profits of subsidiaries.
NOTE.—Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Office of Business Economics.
,(*)
SUEVEY OF CUERENT BUSINESS
December 1968
33
Transactions, by Area
of dollars]
Other Western Europe
1967
Total
I
II
1967
1968
III
IV
Canada
Eastern Europe
I
II ' III v Total
I
II
III
IV
I
II'
III"
Line
1968
1967
1968
Total
I
II
III
IV
I
II'
III"
1
4,089 1,083 1,045
3,678 877 952
926 1,035 1,030 1,074 1,119
870 979 929 972 1,035
231
231
78
78
57
57
45
45
51
51
64
64
58
58
62
62
9,657
9,657
2,280
2,280
2,559
2,559
2,283
2,283
2,535
2,535
2,487
2,487
2,726
2,726
2,504
2,504
2
2,297
562
600
528
607
602
624
680
199
71
46
38
44
56
50
51
7,095
1,709
1,927
1, 634
1,825
1,854
2,035
1,774
3
115
412
581
64
74
26
206
135
8
15
30
93
145
15
17
28
57
148
24
18
32
56
153
17
25
25
101
135
11
16
24
102
146
19
18
35
84
162
19
17
52
17
10
9
15
12
9
13
5
1
1
1
1
2
1
1
169
575
243
37
140
54
43
160
57
45
177
72
44
98
60
40
145
58
44
170
57
44
223
80
4
5
6
7
8
121
48
31
12
31
13
29
12
30
12
29
12
29
12
29
11
15
2
(*)
(*)
1
1
4
1
4
(*)
164
7
41
1
40
2
41
2
41
2
41
1
41
2
41
2
9
10
174
194
294
199
155
171
169
789
1
142
151
132
166
562
156
126
148
*
1
1
4
3
5
(*)
(*)
(*)
-60 -8,952 -1,873 -2,282 -2,488 -2,308 -2,311 -2,681 -2,807
-2,084
-50 -7, Oil -1, 597 -1, 801 -1, 687 -1, 926 -2, Oil -2,234
11
12
13
14
15
178
42
50
42
48
32
38
46
119
31
1
31
28
28
28
29
27
3
82
22
1
16
18
26
25
29
23
8
-3, '638 -886 -906 -904 -943 -961 -1,010 -1,076 -212 -60
-1, 901 -511 -449 -401 -540 -569 -538 -540 -180 -54
-«
-285 -79 -71 -65 -69 -77 -66 -66
(*)
-601 -134 -174 -159 -133 -136 -177 -174
-7 —2
-332 -38 -92 -155 -47 -45 -91 -150 -14 -1
-36 -10 -8 -9 -9 -12 -10 -10 (*) (*)
-57 -11 -15 -14 -17 -10 -14 -12 -9 -2
-344
-83
451
-87
-16
197
-80
-16
139
-80
-20
23
39
-9
47
-34
-97 -87 -90 -100
-31 -26 -23 -24
92
69
64
43
(*)
(*)
19
19
1
1
1
1
1
1
1
5
-54 -54 -45 -69
-45 -41 -40 -63
12
-4
-1
-2
-8
-3
3
( }
'-\
3
-2
(*)
-2
-1
(*)
-2
(*)
-9
(*•)
6
a
1
i
-56
-48
r)
-4
-2
(*)
(*)
(*)
-232
(*)
-160
-6 -1, 070
-118
-3
-30
-60
-36
-65
-29
-5
-49
-40
-280
-29
-5
-61
-41
-588
-29
-6
-62
-42
-137
-31
-15
-66
-36
-69
-33
-4
-72
-47
-190
-33
-4
-66
-53
-463
-33
-3
16
17
18
19
20
-267
-65
705
-65
-17
407
-63
-15
277
-60
-16
-206
-79
-17
227
-73
-19
176
-80
-22
45
-82
-22
-303
21
22
23
24
(*)
(
*\
-41
19
19
3
-9
6
-5
2
1
705
407
277
-206
227
176
45
-303
-691 -275 -163 -136 -117 -166 -182 -163
-21
-6
-5
-4
-6
-5
-13
-4
-45
-8
-11
-14
-12
-10
-11
-13
25
-279 -69
-157 -40
-412 -206
-35 -12
-87 -16
-70
-44
-93
-9
-17
-79
-38
-84
-4
-37
-21
-10
-6
-2
-5
-2
-4
-2
-6
-3
-5
-2
-13
-2
-4
-2
-45
-11
-8
-11
-3
-14
-5
-12
-3
-10
-1
-11
-2
-13
-3
-6
-5
-2
-1
-2
-1
o
-2
-1
-2
-1
-9
-2
-1
-1
-34
-8
-8
-9
-9
-10
-10
-240
-78
-24 -113
-97 -118 -120
-1
13
-2
-12
-10
661
399
266
-219
166
34
-316
31
-34
53
-67
-17
31
-16
q
-4
4
.-11
1
-3
-65
(*)
-7
-9
216
26
27
28
29
30
5 -1,385
-270
-182
-315
-619
-54
-496
-363
32
-284 -114
-49
-53
-69
-38
-38
-82
-392
-1,007
-64
-256
-52
-247
-123
-209
-153
-295
26
-229
-269
-214
-247
-194
33
34
226
11
50
12
77
72
50
-47
49
-25
55
-41
50
2
35
36
1
4
-87
(*)
4
-3
-11
22
-31
28
-49
-47
12
84
50
(*)
-1
34
-1
-1
37
38
-10
-2
9
-38
-98
-33
-21
-21
-33
-5
22
2
—2
-97
-1
-9
47
23
-15
-81
10
-5
32
1
39
40
41
-31
-2
-1
-31
-2
9
-1
(*)
23
1
1
42
43
8
-100
-300
121
127
46
-100
-50
-250
121
127
-79
-34
-57
-8
-37
36
-32 -38
-61 -65 -80
-39 -40 -44
-56 -101 -102
-6 -8 -18
-17 -17 -18
-25
2 -26
34
5
7
13
8
2
8
-5
11
-5
6
3
7
-2
2
10
189
98
32
49
65
25
10
-9
82
33
12
56
48
34
46
5
-7
-3
-4
-4
-1
-1
-25
-82
-173
-7
-15
-28
1
5 -24
1 -23 -45
-37 -83 -25
—6 -24
-2 -22
-58 -3
-11
5
-31
-6
19
-1
9
-2
15
-303
15
-70
18
-77
12
-99
-57 -77 -48
-11 -6
11
-59
2
2
5
112
3
24
28
17
3
34
21
5
16
4
-94
229
43
24
1
1
2
-7
-3
(*)
-1
—4
(
-2
1\
-4
-2
2
7
-5
-4
-2
2
8
3
1
4
2
(*)
(*)
(*)
8
(*)
9
44
45
-b8
117 -342
371 -107
131
-145
16
-110
18
10
211 -108
-18
6
135 -348
80
38
333 -187
27
104
-150
5
5
1,129
-26
486
219
449
-59
278
779
788
-171
159
362
438
13
710
266
47
48
49
50
72
336
31
48
43
-15
2
81
(*)
222
16
272
-40
332
1
332
9
312
-3
33
4
99
9
98
-1
83
71
114
-5
152
21
106
51
52
-3
-7
1
(*)
3
4
(*)
2
200
-199
-1
(*)
1
53
4 -18
27
8
-2
42
7
12
24
16
-3
60
9
6
"IT
-i
-16
g
16
-2
-1
54
55
29
86
10
10
-3
-13
10
-41
1
100
-338
1
500
-1
-8
250
-6
56
57
58
-88
,474
-9
89
5
-1
122
14
(*)
22
22
518 -146
427
72
165 -506
-63 -382
-73
-40 -188
-558
6 -15
23
55
-52 -734
5 -17
(*)
8
-1
14
7
-12
3
(*)
•(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(")
(*)
(*)
(*)
(*)
5
(*)
-50
(*)
-50
(*)
(*)
(*)
3
87
8
36
-1
37
-4
-3
-51
200
24
-12
-1
4
21
-4
200
1
-35
(*)
(*)
(*)
(*)
(*)
•(*)
4 -17
8
(*)
-1
(*)
14
(*)
-12
6
3
204
-237
-200
264
377
82
51
-95
59
-17
11
-4
28
5
-14
115
38
-160
171
66
152
-379'
286
60
(*)
-6
* 4
-2
SURVEY OF CUKKENT BUSINESS
34
December 1968
Table 8.—U.S. International
[Millions
Japan
Latin American Republics and other Western Hemisphere
Line
(Credits +; debits -)
1967
Total
I
II
1968
III
IV
I
II r
III ' v
Total
1 Exports of goods and services. _ _
1,947
8,048
2,094
2,008
2,000
2,053
2,249
3,369
2,281
Excluding transfers under military
2
7,984
1,927
1,991
1,987
2,080
2,272
2,236
2,020
3,369
grants.
Merchandise, adjusted, excluding mili3
1, 158
4,669
1,151
1,344
1,377
2,673
1,189
1,179
1,171
tary.
Transfers under military sales contracts __
4
27
5
5
8
17
17
16
9
38
Transfers under military grants, net
5
64
20
14
17
13
33
13
9
Transportation
6
393
87
111
180
97
105
105
96
115
7
Travel
- 162
720
182
42
181
196
181
166
200
Fees and royalties from direct invest8
42
185
47
47
48
33
49
49
59
ments.
Other private services
9
245
58
62
63
63
62
57
65
109
Other U.S. Government services __ _
10
21
73
20
10
19
18
18
16
19
Income on U.S. investments
abroad:
2
11
Direct investments
1,190
286
277
287
316
316
288
46
339
12
Other private assets
_ _
84
100
356
85
96
93
103
91
206
U.S. Government assets
13
125
26
33
25
35
28
28
39
39
14 Imports of goods and services
-6,563 -1,732 -1,615 -1,574 -1,642 -1,869 -1,742 -1,853 -3,960
Merchandise, adjusted, excluding mili- -4, 656 -1, 254 -1, 153 -1, 073 -1, 176 -1,335 -1, 245 -1,307 -3, 017
15
tary.
Military expenditures
16
-177
-44
-50
-530
-48
-45
-46
-39
-46
Transportation
-_
17
-303
-73
-74
-80
-76
-78
-78
-178
-99
Travel
_—
18
-955
-258
-217
-261
-235
-245
-285
-255
-58
Private payments for other services.
19
-25
-40
-11
-126
-35
-26
-38
-29
-29
U.S. Government payments for other
20
-153
-41
-37
-44
-45
-15
-33
-39
-35
services.
Income on foreign investments in the
United States:
21
Private payments 2
-44
-52
-44
-50
-178
-43
-47
-51
-123
22
-16
23 Balance on goods and services (lines 1
1,484
215
184
425
452
539
396
393
and 14).
Excluding transfers under military
24
1,420
195
412
151
-591
376
438
530
383
grants (lines 2 and 14).
25 Unilateral transfers, net; transfers to
-132
-31
-128
-106
-100
-139
-100
-463
-128
foreigners ( — ) - . .
Excluding military grants
_
26
-399
-86
-87
-31
-108
-111
-93
-99
-130
Private remittances
-121
-22
27
-30
-30
-33
-31
-27
-36
-29
Military grants of goods and services
-64
-14
28
-20
-33
-13
-13
-17
-9
Other U S Government grants
29
-246
-73 , -59
-46
-85
-48
-69
-59
(*)
U.S. Government pensions and other
30
tranfers.
31 Balance on goods, services, and unilateral
52
1,021
87
296
-623
265
319
351
401
transfers (lines 23 and 25, or 24 and 26).
32 Transactions in U.S. private assets, net;
-99
-560
-940
-151
-252
45
-325
-438
-176
increase in assets (—2).
Direct investments
33
82
-144
-33
-57
-43
-217
-73
-169
-179
34
Foreign securities newly issued in the
-14
-35
-140
-48
-48
-10
-33
-40
United States.
Redemptions
4
35
5
40
5
10
56
6
8
5
Other transactions in foreign securities _ _
-1
36
5
-70
-5
-13
-7
-37
-9
-9
Claims reported by U.S. banks:
Long-term
37
-212
33
-152
114
146
-37
-56
7
49
Short-term _
_
"12
38
-55
-130
-576
-255
-35
-35
-127
-9
Claims reported by U.S. residents other
than banks:
Long-term
•,
6
-33
39
-122
—113
14
-5
56
-7
27
Short-term
-50
40
-12
4
-34
18
6
-46
-25
41 Transactions in U.S. Government assets,
5
-170
-192
-79
-125
-158
-428
-131
-93
excluding official reserve assets, net;
increased assets (— ).
42
Loans and other long-term assets __ __ _ -748
-205
-228
-236
-109
-186
-155
-201
-248
Foreign currencies and other assets
11
1
43
50
-8
6
3
-9
29
Repayments on credits:
Scheduled
_ _
_
_
44
64
115
62
87
55
56
73
269
78
Nonscheduled (including sales of
3
2
45
(*)
(*)
(*)
(*)
foreign obligations to foreigners).
46 Transactions in U.S. official reserve assets,
12
17
-7
19
28
-12
net; increase in assets (— ).
Gold
47
12
-12
28
17
-7
19
48
Convertible currencies
Gold tranche position in IMF
49
50" Transactions in foreign assets in the
72
169
662
236
197
-139
-58
336
269
United States, net; increase in foreign
assets (U.S. liabilities)
(+).
2
-2
51
Direct investments
12
-3
-13
5
-5
-6
6
-9
52
2
U.S. securities other than Treasury
74
-3
10
115
75
16
7
18
issues.
242
53
Long-term liabilities reported by U.S.
-52
12
40
330
30
-35
236
99
banks.
Other liabilities reported by U.S.
private residents other than banks:
54
Long-term
4
1
-7
8
7
3
18
(*)
Short-term
55
36
20
-4
-1
6
27
5
Nonmarketable liabilities of U.S. Government, including medium-term
securities payable prior to maturity
only under special conditions:
2
-5
56
-5
Associated with specific transactions _ .
-3
-18
-24
-3
-18
(*)
57
o
1
1
58
U. S. Treasury marketable or convertible
5
-41
-3
-17
-19
bonds and notes.
-104
-65
59
Deposits and money market paper held
103
98
89
268
191
77
-89
in the United States.
60
Errors and omissions, and transfers of
funds between foreign areas, net;
receipts by foreign areas (— ).
-316
-53
-359
172
-76
103
-315
1968
1967
132
1,009
I
II
IV
III
I
III v
II r
810
810
834
834
824
824
902
902
923
922
913
913
921
922
648
653
653
719
731
715
729
5
20
4
9
8
43
9
7
43
10
8
47
13
7
47
10
11
7
1
49
12
9
50
12
12
5
(*)
49
15
9
27
2
28
2
28
3
27
3
33
2
35
3
35
4
9
52
9
-931
-705
10
12
14
16
12
9
52
56
58
52
57
50
10
9
9
8
8
8
-977 -1,002 -1,050 -1,062 -1,256 -1,424
-804
-823
-978 -1, 157
-776
-732
-128
-44
-10
-3
-3
-140
-46
-18
-3
-4
-125
-43
-16
-3
-4
-138
-46
-14
-3
-4
-132
-46
-12
-4
-4
-152
-50
-20
-4
-4
-139
-52
-18
-4
-4
-40
-34
-34
-120
-143
-179
-149
-140
-343
-503
-120
-143
-179
-149
-140
-31
-7
-7
-5
-28
-30
-41
-343
-502
-8
-7
-9
-8
-8
-8
-8
-6
-7
-5
-9
-7
-5
-1
-8
-6
«0
2
-9
-7
(*)
2
n
(*)
(*)
(*)
(*)
-128
-151
-186
-158
-147
-351
-511
-41
-257
-39
-223
-34
192
66
-29
-3
-7
7
-14
-4
-13
-3
-26
1
-1
1
i
1
-3
1
1
1
1
1
39
-39
92
-328
24
-39
-9
-170
8
-59
20
166
16
82
-13
1
-21
-2
-17
-7
1
-16
19
-19
-18
14
(*)
19
15
-3
24
-26
2
-11
24
-47
1
-17
1
-21
-1
-24
-4
-32
-6
-46
-7
-29
2
25
10
39
3
42
54
28
40
11
108
32
30
24
45
370
8
1
-1
(*)
-12
1
3
(*)•-
1
1
2
1
-11
1
157
86
-1
76
51
45
3
8
7
(*)
18
2
-2
-1
-4
(*)
(*)
(*)
-171
191
(*)
(*)
(*)
4
9
Q
(*)
(*)
8
4
1
(*)
3
(*)
(*)
16
38
13
-61
-14
323
308
174
336
143
139
51
SUEVEY OF CURRENT BUSINESS
December 1968
35
Transactions, by Area-—Continued
of dollars]
Australia, New Zealand, and South Africa
1967
Total
International Organizations and unallocated *
Other Countries in Asia and Africa
1968
I
II
III
IV
I
II'
1,874
1,874
457
457
459
459
429
429
529
529
487
487
578
578
1,274
338
317
306
313
337
368
132
18
18
12
84
35
74
35
85
32
72
19
5
16
21
8
14
23
12
18
21
7
24
22
6
19
23
10
18
84
1
22
•(*)
22
(*)
20
(*)
21
(*)'
24
(*)
23
(*)
III * Total
I
II
1967
1968
1967
III
IV
I
II r
III*
515 8,125 2,121 2,080 1,910 2,014 2,198
515 7,696 2,003 1,941 1,826 1*927 2,096
2,317
2,205
2,252
2,122
355 4,891 1,287 1,291 1,128 1,185 1, 305
Total
I
II
I
IV
III
99
99
89
89
99
99
418
418
1968
132
132
II '
95
95
96
96
Line
III *
117
117
1
2
3
1,344
1,216
21
15
17
120
429
377
50
125
30
118
95
8
28
35
139
99
10
30
30
85
94
18
27
25
88
89
14
41
69
102
112
9
31
80
113
103
13
26
96
130
103
18
28
187
9
2
2
3
2
2
3
4
23
(*)
164
154
41
37
41
43
40
33
41
41
48
42
60
47
60
36
110
28
28
28
28
28
29
29
9
10
137
42
26
42
370
26
43
34
388
297
370
395
416
38 1,449
448
51
12
11
11
15
38
42
13
13
148
34
39
37
45
10
51
6 (*)
2 (*)
1
1 219
52
66
3
61
48
59
74
7
67
-970 -239 -235 -242 -253 -262 -285 -294 -5,530 -1,389 -1,369 -1,368 -1,404 -1,471 -1,669 -1,758
57
53
1
-777
5
16
1
-182
4
9
8
16
41
11
8
11
10
23
-167
-212
-215
2
20
1
-201
-134
-182
11
12
13
14
-39
-59
-52
-806
-194 -192 -205 -215 -212 -241 -254 -3,065 -796
-747 -741 -781 -816
-29
-70
-22
2
-23
-9
-17
-8
-9
-18
-5
-5
-17
-4
-6
-18
-5
-8
-21
-9
-8
-19
- 6
-7
-6
-6
-4
-7
-6
-6 -228
-54
-59
-56
-59
-10
-8
904
-3
-2
218
-3
-2
224
-3
-2
187
-3
'-2
276
-3
-2
225
-3
-2
293
-3 -117
-2 -43
221 2,595
-28
-11
732
-27
-11
711
-30
-10
542
614
572
457
-6 -1760 -431 -435 -454 -440 -464
-18 -177 -41 -44 -46 -47 -46
-5 -132 -27 -44
30 -31 -30
-974 -1, 034
-63
-473
-51
-50
-4
-66
-521
-51
-35
-4
-63
-33
-12
610
-35
-14
727
-36
-15
649
-37
-15
494
523
46
47
42
50
45
51
45
4
5
6
7
8
15
-162
-32
-32
-411
-109
-107
-94
-102
-108
-107
-107
-99
-15
-4
-54
-27
—11
5
-47
16
17
18
19
20
-33
-72
-359
-8
-18
-83
-8
-18
-79
-8
-19
-114
-10
-18
-84
-9
-21
-105
-10
-22
-38
-8
-20
-65
21
22
23
24
-
904
218
224
187
276
225
293
221 2,166
625
536
364
-359
-83
-79
-114
-84
-105
-38
-65
-16
-5
-4
-3
-4
-4
-6
-5 -2447 -602 -765 -615 -465 -523
-552
-561
-115
-17
-28
-25
-45
-7
-39
-33
25
-16
-12
-5
-3
-4
-3
-3
-3
-4
-3
-4
-3
-6
-5
-25
(*)
-45
-7
(*)
-39
(*)
-33
(*)
-1
-1
-1
-111
(*)
-17
(*)
-27
-25
-42
(*)
-7
-39
-32
-1
-431
-79
—130
-325
-27
-28
(*)
-1
-439
-96
—113
-318
-25
-17
'(*)
-1
-626 -531 -377 -421
-194 -108 -78 -74
—139 —85 -88 —102
-397 -353 -266 -317
-34 -69 -34 -31
-115
-4
-4
-5 -2018
-4 -450
-429
-1402
-1 -167
26
27
28
29
30
888
-265
213
-93
220
-39
184
-66
272
-67
221
-10
287
-90
130 -54 -74
216
148
146
204
-14 -849 -416 -114 -145 -175 -381
97
-173
-68
-62
-474
-314
-101
5
-106
-81
-139
-143
-129
-95
-112
-95
-77
81
-98
3
31
32
-357
-70
-66 -164
-57
-27
-70
-11 -431 -367
-212 -30
-5
-60
-8
-89
-110
-28
15
-41
-149
-246
-2
-14
-19
-90
-14
-142
-115
-36
-85
3
-68
49
-64
33
34
18
-2
4
-6
6
7
4
-1
4
-2
3
4
3
-1
68
13
18
3
18
10
18
-5
14
5
15
12
132
14
10
8
35
36
58
11
-37
7
-1
5
96
-3
(
-2
10
-146
-4
12
-35
2
9
-45
1 -1
2 -13
-28 -37
-175
(*)
-36
'(*)
-49
-1
-29
(*)
30
1
4
1
50
-1
15
1
(*)
(*)
26
7
(*)
-9
1?8
65
(*)
5
(*)
11
(*)
25
-23
7
(*)
7
-16
7
-17
5
10
5
-18
8
3
5
-6
-9
8
1 -10
-56
-66
37
-41
-19
-27
-19
(*)
-55
2
-67
6
-26
-8
1
-12
-4 -12
1 -2
-60 -60
-2
-1 -7 -17
-3
-27
8 -12 -36
6
-59 -19
(*)
-51 -1332 -389 -372 -214 -357 -482
11
-23
-397
-62
(*)
-62
(*)
-73
(*).
-53 -1730 -838 -306 -271 -315 -698
385 -181
120
6 -95
116
(*)
25
2
13
1
*>2
22
i
282
1
64
2
200
21
2
200
21
2
-15
-10
-187
(*)
-114
-395
-104
-276
24
95
2
101
1
62
3
(*)
(*)
(*)
(*)
(*)
-14
'(*)
(*)
-25
(*)
(*)
-49
(*)
-26
(*)
-119
-17
-25
-51
-26
5
3
-23
70
47
48
49
* 50
-37
-36
79
51
52
-49
31
-16
53
122
46
-16
17
34
11
-13
-415
160
122
140
15
27
39
59
44
11
-31
-18
-10
23
-5
49
-48
-57
-57
7
73
63
-9
8
42
-20
308
-1
156
252
-1
14
-1
-1
1
-1
-1
-1
122
-2
17
1
12
2
56
-2
37
(*)
19
(*)
48
-1
44
128
4
-5
406
152
122
33
99
43
41
127
64
-1
<1.
5
8
-5
3
-2
10
2
5
-1
8
18
(*)
-1
-28
10
-5
132
224
10
(*)
11
(*)
-2
-12
-8
14
-67
(*)
19
35
-30
(*)
26
-6
20
17
347
8
24
62
902
456
316
-85 -201 -101 -141 -106 -124 -204
-426
-102
160
144
207
-528
46
144
172
218
6 (*)
10
48
-2
-1
153 -116
-94
515
(*)
6
10
(*)
-5
(*)
51
22
25
15
25
157
-58
(*)
(*)
34
(*)
(*)
(*)
42
43
-23
172
197
39
40
41
44
45
1
931
3
3
3
3
37
38
(*)
-25
1
54
19
—(Y)—
(*)
-25
6
-15
°33
3
6
-45
(*)
-33
(*)
53
(*)
-27
12
(*)
51
(*)
115
(*)
4
-18
(*)
(•*)
-94
-3
(*)
(*)
32
-50 -286
-33 -23
3
4
-13
29
-484
-70
—118
-385
-30
54'
55
(*)
(*)
-81
-71
-77
62
(*)
-58
-4
-47
(*)
-28
(*)
93
-39
-58
-92
99
56
57
58
59
859
144
173
247
295
210
538
46
60
-42
—5
-37
SUEVEY OF CURRENT BUSINESS
36
December 1968
Table 9.—Changes in Reported Foreign Gold Reserves and Liquid Dollar Holdings Through Known Transactions With the United States
and Through Other Transactions, by Area 1
[Millions of dollars]
1967
Line
1
2
3
Total
All areas:
Total increase
- _ _ _ _ _ _
Through known transactions with the United States
Through other transactions
_ _ ___
_ _
I
II
1,985
3 408
-1, 423
167
207
-40
1,179
305
874
-210
1968
82
188
-106
I
IV
III
1,188
1,173
15
II r
III"
548
-1, 101
1,842
— 1, 294
— 1, 309
198
-71
269
635
451
184
-720
-206
-514
545
-458
1,003
-68
81
-149
208
Western Europe, including United Kingdom :
4
5
6
Total increase
Through known transactions with the United States
Through other transactions
477
141
-121
687
262
517
103
414
-470
882
198
684
-321
440
-761
United Kingdom:
Total increase .
Through known transactions with the United States.
Through other transactions
_
7
8
9
-486
-
-
831
-1,317
100
-570
101
25
76
632
312
320
1,864
93
1,771
n.a.
419
1,238
-1
10
-11
14
10
4
-12
15
-27
6
12
-6
3
-11
14
298
435
291
341
-50
-545
-404
-141
121
-209
330
-37
311
-348
108
28
80
-59
67
-126
117
-198
315
113
253
-140
1
127
-126
323
374
-51
228
-152
380
121
-178
299
204
368
-164
110
105
5
-1, 024
26
-1, 050
70
29
41
-634
604
n.a.
Eastern Europe:
10
11
12
Total increase _ _ _
_•___
Through known transactions with the United States.
Through other transactions
4
o
6
-17
-13
—4
8
-9
17
Canada:
13
14
15
Total increase
Through known transactions with the United States
Through other transactions
202
197
5
16
17
18
Latin American Republics and other Western Hemisphere!
Total increase
Through known transactions with the United States
Through other transactions
..
255
-89
344
169
121
48
-95
905
-170
-190
-190
-197
-389
192
-137
100
-122
-295
395
55
-177
Japan:
19
20
21
Total increase
Through known transactions with the United States
Through other transactions
— 1, 000
19
-189
16
324
-308
43
212
-169
16
350
-334
-58
82
-140
Australia, New Zealand, and South Africa:
22
23
24
Total increase __
Through known transactions with the United StatesThrough other transactions
-
—13
_.
-495
482
-93
-86
-7
-38
-169
131
2
-120
116
-122
128
-138
122
238
266
132
352
-220
397
229
168
-442
-46
192
-73
220
65
238
Other countries in Asia and Africa :
25
26
27
Total increase
Through known transactions with the United States. _ _.
Through other transactions
669
1, 466
-797
37
477
-440
103
408
-305
100
542
International organizations and unallocated :
28
29
30
Total increase
Through known transactions with the United States 2
Through other transactions
r
N.a. Not available.
Revised.
1*> Preliminary.
Total increase represents changes in reported gold reserves of foreign central banks and
governments (including international organizations but excluding the countries of the Soviet
bloc) net of convertible currencies included in U.S. official reserve assets (table 1, line 48) plus
foreign liquid claims on the United States (table 1, lines 58 and 59) plus net changes in foreign
IMF positions through U.S. dollar transactions (table 1, line 49).
Changes through known transactions with the United States represents for each of the separate
areas shown the sum (with sign reversed) of table 8, lines 23, 25, 32, 41, and 51-57. For "All
areas" line 60 is added, and for "All areas" and "International organizations and unallocated"
line 23 is adjusted to exclude net sales or net purchases (—) of gold by U.S. private residents
to the U.S. monetary gold stock. These were (in millions of dollars): 1967, year, —162; I, —32;
II, -32; III, -39; IV, -59; 1968,1, -52; II, 0; III, 0.
Changes through other transactions equals "Total increase" less "Changes through known
U. S. GOVERNMENT PRINTING OFFICE : 1968 O - 326-377
-216
590
-806
-46
81
-127
-51
99
-150
-238
-293
-173
transactions with the United States." For "All areas" this difference represents known
acquisitions (+) or sales (—) of gold by foreign central banks and governments outside the
United States. The net acquisitions of gold equal the excess of new gold production abroad
plus sales by the Soviet bloc less net gold purchases by others. For each of the separate areas
shown the difference reflects net gold and dollar receipts (+) or payments (—) resulting from
their transactions with countries other than the United States, net of changes in their convertible currencies included in U.S. official reserve assets resulting from U.S. transactions
with other areas, and from unrecorded transactions with the United States.
2 Includes transactions with shipping companies operating under the flag of Honduras,
Liberia, and Panama.
NOTE.—Detail may not add to totals because of rounding.
Source: U.S. Department of Commerce, Office of Business Economics.
CURRENT BUSINESS STATISTICS
J.HE STATISTICS here update series published in the 1967 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.50) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1963 through 1966 (1956-66 for major quarterly series), annually, 1939-66; for selected series,
monthly or quarterly, 1947-66 (where available). Series added or significantly revised after the 1967 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (t), respectively; certain revisions for 1966 issued too late for inclusion in the 1967 volume appear in the monthly
SURVEY beginning with the September 1967 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through
the courtesy of the compilers, and are subject to their copyrights.
1965
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual total
1966
1965
III
IV
I
II
1968
1967
III
IV
I
II
III
IV
I
|
II
III
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
bil. $__
684.9
747. 6
789.7
691.1
710.0
728.4
740.4
753.3
768.2
772.2
780.2
795.3
811.0
831.2
852.9
871. 0
do
432.8
465.5
492.2
436.3
447. 4
457.8
461.1
469.3
473.7
480.9
490.3
495.5
502. 2
519.4
527. 9
541. 1
do
_ do
do
66.3
30.3
26.9
70.5
30.4
29.8
72.6
30.4
31.4
66.5
30.3
27.1
68.9
30.6
28.9
71.6
31.8
29.3
68.2
28.9
29.0
71.0
30.3
30.4
71.1
30.5
30.4
69.8
28.1
31.1
73.4
31.2
31.2
73.1
31.0
31.4
74.2
31.4
31.8
79 0
34 6
33.3
81.0
35.4
33.9
85.1
38.1
35.4
191.1
35.9
98.8
15.3
206.7
39.8
106.4
16.6
215.8
42.1
109.4
18.1
192.4
36.2
99.2
15.5
197.8
37.4
102.3
15.9
202.8
39.2
105.1
16.0
206.3
39.4
106.8
16.4
208.3
40.5
107.0
16.7
209.3
40.3
106.9
17.1
212.9
40.9
108 7
17.7
215.3
42.4
108 9
17.8
216.4
42.8
109 1
18.3
218. 4
42.3
110 8
18 6
226 5
44 6
113 6
19 7
228 2
44.8
116 4
19 4
232. 7
47.2
117.7
20.0
do
do
do
do
175.5
25.6
63.5
12.6
188.3
27.1
67.3
13.6
203.8
29.0
70.9
15.0
177.4
26.0
64.0
12.8
180.7
26.4
65.1
13.2
183.4
26.2
66.0
13.3
186.7
26.9
66.8
13.6
190.0
27.5
67.6
13.6
193.3
27 8
68.8
13.8
198.2
28 1
69.7
14.7
201.6
28 7
70.4
14.8
205.9
29 2
71.2
15.1
209.6
29 9
72 2
15.5
213.9
30 3
74 0
16 2
218.7
31 0
75 4
16.3
223 A
31 5
76.9
16.8
do
108.1
120.8
114.3
108.7
113.2
116.8
121.0
119.9
125.7
113.0
107.6
114 7
121 8
119 7
127 3
127 1
98.5
71.3
25.5
45.8
27.2
26.7
9.6
8.6
106. 1
81.3
28.5
52.8
24.8
24.3
14.7
14.9
108.2
83.6
27.9
55.7
24.6
24 0
6.1
5.6
99.6
72.4
25.8
46.6
27.2
26 7
9.1
7.8
103.5
76.2
27.8
48.3
27.4
26 9
9.7
8.5
105.9
78.6
28.6
50.0
27.3
26 8
10.9
10.7
105.6
79.8
28.1
51.7
25.8
25 2
15.4
15.4
107.0
82.6
28.9
53.7
24.4
23 9
12.8
13.3
105.9
84 2
28 2
55.9
21.7
21 1
19.8
20.2
104.6
83 5
29 0
54.5
21.1
20 5
84
8.3
105.4
82 7
27 2
55.5
22.7
22 1
2 3
22
109.3
83 3
27 7
55 6
26.0
25 4
53
48
113.5
85 0
27 7
57 3
28.5
27 9
83
71
117 6
88 6
29 6
59 0
29 1
28 5
21
16
116.5
87 0
28 5
58 5
29.5
28 9
10 8
10 4
119.6
90 1
28 8
61 3
29 5
28 9
75
73
do_,__
do
do
6.9
39.2
32 3
5.1
43.1
38 1
4.8
45.8
41 0
7.3
40 3
33 0
6.0
40.5
34 5
6.0
42.1
36 1
5.2
42.6
37 3
4.5
43.6
39 1
4.5
44.2
39 7
5.2
45 5
40 3
5.1
45 5
40 4
5.4
46 1
40 6
3.4
46 0
42 6
1.5
47 5
46 0
2.0
49 9
47 9
3.3
52 6
49 4
Govt. purchases of goods and services, total do
Federal.
do
National defense
do
State and local.
_
do. .
137.0
66 9
50.1
70.1
156.2
77.4
60.6
78.8
178.4
90 6
72.4
87.8
138.9
67 6
50 1
71.3
143.3
70 1
52.5
73.2
147.8
72 5
55.3
75.3
153.1
75 6
58.6
77.4
159.5
79 9
63.0
79.7
164.3
81 5
65.4
82.7
173.1
87 4
70 0
85.8
177.3
90 0
72 1
87.2
179 6
91 3
72 9
88 4
183 5
93 5
74 6
90 0
190 5
97 1
76 8
93 4
195.7
100 0
79 0
95.6
199
101
79
98
By major type of product: f
Final sales, total
Goods, total
Durable goods
Nondurable goods
Services
Structures
_
do
do
do
do
do
do
675.3
337 6
133.0
204 7
262 9
74 8
732.8
367 5
145.7
221 8
288 0
77 3
783.6
390 8
156.4
234 5
314 8
77 9
682.1
340 7
134.1
206 5
265 8
75 6
700.3
138.5
212 5
271 0
78 2
717.5
360 5
143.3
217 3
277 5
79 5
725.0
362 6
142.2
220 4
284 7
77 7
740.4
371 0
147.3
223 7
292 3
77 2
748.4
375 3
150.2
225 1
298 1
74 9
763.8
381 5
151 1
230 4
306 3
76 1
778.0
391 8
157 1
234 7
310 9
75 3
789 9
393 6
157 3
236 2
317 5
78 8
802 7
396 5
159 9
236 6
324 7
81 5
829 1
412 8
166 7
246 1
330 4
85 8
842.1
417 6
169 1
248 5
339 2
85 4
863 5
429 5
175 1
254 4
347 6
86 4
do
do
do
9.6
67
3.0
14.7
10 2
4.5
6.1
30
3.1
9.1
68
2 3
9.7
46
5.1
10.9
76
3.3
15.4
99
5.5
12.8
10 5
2.4
19.8
13 6
6.3
8.4
O o
50
2.3
6
17
5.3
38
16
8.3
42
41
2.1
15
6
10.8
62
46
7.5
4 9
25
bil. $._
617.8
657.1
673.1
622.5
636.6
648.6
653.3
659.5
687.1
665.7
669.2
675.6
681.8
692.7
703.4
712.3
do
397.7
417.8
430.5
400.3
409.2
415.7
414. 8
420.0
420.6
424.8
431.2
431.8
434.1
444.9
447.5
455.7
do
do
do
66 6
178.6
152.5
71 3
186.9
159.5
72 4
191.1
167.0
67 1
179.4
153.8
69.8
183.3
156.1
72.9
185.5
157.3
69.2
186.9
158.7
71.8
187.8
160.4
71.4
187.5
161.7
70 1
190 3
164.4
73 7
191 6
165 9
72 6
191 1
168 1
73 0
191 6
169 5
77 3
196 5
171 0
78 9
196 1
172.6
82 5
198 5
174 8
do
99.2
108.8
99.5
99.6
103.4
106.1
109.5
107.4
112.3
99.8
94.2
99.3
104.7
101. 5
107.3
105.8
do
do
do
...do
90 1
66 3
23.8
9.0
94 9
73 8
21.1
13.9
93 6
73 7
19.9
5.9
91 1
67 3
23.8
8.6
94 0
70 3
23.8
9.3
95 8
72.2
23.6
10.3
94 7
72.7
22.0
14.7
95 5
74.8
20.7
12.0
93 7
75 4
18.2
18.6
91 8
74 2
17 6
8.0
92 0
73 3
18 7
2.3
94 0
73 2
20 8
5.2
96 7
74 0
22 7
8.0
99 5
76 5
23 0
2.0
97 4
74 5
22.9
9.9
99 0
76 6
22 4
6.8
6.2
4.0
2.4
6.7
5.7
5.3
4.3
3.6
2.9
3.0
Govt. purchases of goods and services, total.. do
114.7
126.5 140.7
115.9
118.4
Federal
_
do
57 9
65 2
74 8
58 5
59 6
State and local
do
56.8
61.3
65.9
57.4
58.7
r
Revised.
v Preliminary.
f Revised series. Estimates of national income and product and personal income have been revised back to 1965 (see p. 19 ff. of the July 1968
121.5
61 8
59.6
124.7
64 0
60.7
128.5
66 9
61.6
131.3
67 9
63.4
138.1
72 7
Gross national product, total f _
Personal consumption expenditures, total
Durable goods, total 9
Automobiles and parts _
_
Furniture and household equipment
Nondurable goods, total 9
Clothing a n d shoes _ _ _ _ _ _
Food and beverages
Gasoline and oil
do
___do _
do
do
luirvices, total 9
Household operation
Housing
Transportation
Gross private domestic Investment, total
Fixed investment
Nonresidential
Structures
Producers' durable equipment
Residential structures
Nonfarm
Change in business inventories. _
Nonfarm
Net exports of goods and services
Exports
Imports
Change in business inventories
Durable goods
Nondurable goods __
do_
do
do
_do_
do
do
do
_ _do
351 1
6
2
6
4
GNP in constant (1958) dollars
Gross national product, total t -Personal consumption expenditures, total
Durable goods
Nondurable goods.
Services
Gross private domestic investment, total
Fixed investment
.
Nonresidential
Residential structures
Change in business inventories
Net exports of goods and services
do._._
65. 4
2.8
141.0
75 1
fifi.O
3.1
1.0
-.1
-.6
141.4
75 6
fiS.8
142.0
75 6
fifi 4
146.5
78 1
149.2
80 1
69.1
fi8 4
.
.7
150. 1
70 f(
70 ft
SURVEY for data beginning 1965); revisions prior to May 1967 for personal income appear
on p. 28 ft of the July 1968 SURVEY.
9 Includes data not shown separately.
s-1
SUKVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966 | 1967
Annual total
1966
I
II
December 1968
1967
III
IV
I
II
1968
III
I
IV
II
1969
III
IV
I
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
bil $
564.3
620.8
652. 9
604.0
615.1
626. 7
637.3
638.6
645.1
656.9
670.9
688. 1
do
393.8
435.6
468.2
420. 6
430.8
441.4
449.7
456.7
461.8
471.5
482.7
496.8
507.1
519.7
do
do
do
do
do
358.9
289.6
12.1
57.1
35.0
394.6
316.9
14.6
63.1
41.1
423.4
337.1
16.3
70.0
44.8
381.0
306.7
13.6
60.6
39.6
390.2
314.0
14.2
62.1
40.5
399.8
320.8
14.9
64.1
41.5
407.2
326.0
15.5
65.7
42.5
413.3
330.2
15.8
67.2
43.4
417.6
332. 8
15.9
68.8
44.2
426.3
339.4
16.1
70.8
45.2
436.4
346.0
17.1
73.3
46.2
448.3
355.7
17.5
75.2
48.4
457.6
362.8
17.8
77.0
49.4
469.0
370.9
18.9
79.1
50.7
do
do
do
do
57.3
42.4
14.8
19.0
60.7
44.8
15.9
19.8
60.7
46.3
14.4
20.3
61.5
44.5
16.9
19.5
60.8
44.7
16.1
19.7
60.2
44.7
15.5
19.9
60.2
45.2
15.1
20.0
60.1
45.7
14.4
20.1
60.5
46.1
14.4
20.2
61.2
46.6
14.6
20.4
61.1
46.8
14.3
20.5
61.8
47.2
14.6
20.7
62.6
47.8
14.8
20.9
63.4
48.0
15.4
21.0
76.1
83.9
80.4
82.7
83.4
84.2
85.3
79.5
79.6
80.2
82.3
83.8
89.2
'91.6
8.7
67.4
39.3
16.6
22.8
10.2
73.7
42.8
18.8
24.1
10.3
70.1
39.2
18.0
21.2
9.8
72.8
42.9
18.5
24.4
10.2
73.2
42.6
18.8
23.8
10.4
73.8
42.7
19.0
23.6
10.4
74.9
43.3
18.8
24.5
10.3
69.2
39.3
18.3
21.0
10.2
69.5
39.1
17.9
21.2
10.3
69.9
38.5
17.9
20.6
10.6
71.7
39.9
18.0
21.9
11.0
72.9
41.3
19.0
22.3
11.2
77.9
44.9
19.7
25.2
11.9
'79.7
45.3
20.3
25.0
11.1
16.9
12.0
18.8
11.8
19.0
11.8
18.1
12.1
18.5
12.1
19.0
12.0
19.6
11.7
18.1
11.8
18.6
12.0
19.4
11.9
20.0
12.5
19.0
12.5
20.6
13.0
21.4
77.8
31.3
46.5
19.8
26.7
-1.7
18.2
85.6
34.6
51.0
21.7
29.3
-1.7
20.8
81.6
33.5
48.1
22.9
25.2
-1.2
23.3
85.2
34.5
50.8
21.6
29.1
-2.6
19.8
85.6
34.6
51.0
21.9
29.1
-2.2
20.4
86.7
35.0
51.6
21.9
29.7
-2.5
21.1
85.0
34.4
50.7
21.6
29.1
.3
22.0
79.9
32.8
47.1
22.5
24.6
22! 2
80.3
33.0
47.3
23.2
24.1
-.7
22.9
80.8
33.2
47.6
23.5
24.1
-.6
23.6
85.4
35.1
50.3
22.5
27.9
-3.1
24.3
88.9
39.8
49.1
23.6
25.5
-5.1
25.0
91.8
41.1
50.7
24.4
26.3
-2.7
25.8
' 92. 7
'41.5
'51.2
25.2
'26.0
-1.0
26.7
bil $
do
do
do
do
538.9
65.7
473.2
444.8
28.4
586.8
75.3
511.6
478.6
32.9
628.8
82.5
546.3
506.2
40.2
570.4
70.4
500.0
470.5
29.5
580.3
74.7
505.5
474.2
31.4
592.1
76.8
515.4
482.5
32.9
604.5
79.2
525.4
487.3
38.1
614.8
80.5
534.2
494.6
39.7
621.6
80.1
541.5
504. 5
37.0
633.7
83.6
550.0
509.5
40.5
645.2
85.6
559.6
516.1
43.4
662.7
88.3
574.4
533.5
40.8
678.1
91.9
586.3
542.3
44.0
694.3
101. 6
592.7
555.6
37.1
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries^
Nondurable goods industries^
bil. $
do
do
do
51.96
22.45
11.40
11.05
60.63
26.99
13.99
13.00
61.66
26.69
13. 70
13.00
12.77
5.61
2.87
2.74
15.29
6.78
3.51
3.27
15.57
6.84
3.54
3.30
17.00
7.75
4.07
3.68
13.59
6.10
3.08
3.02
15.61
6.81
3.46
3.34
15.40
6.48
3.33
3.15
17. 05 ' 14. 25 •15.87
7.30
5.79
6.50
3.82
2.96
3.22
3.48
2.82
3.28
Mining _
Railroad—
_
Transportation, other than rail
Public utilities
Communication
Commercial and other
do
do
_ do_
do
do
do_ _
1.30
1.73
2.81
6.94
4.94
11.79
1.47
1.98
3.44
8.41
5.62
12.74
1.42
1.53
3.88
9.88
5.91
12.34
.33
.40
.75
1.60
1.26
2.83
.40
.55
1.00
2.09
1.42
3.06
.37
.48
.82
2.36
1.36
3.33
.38
.55
.86
2.36
1.58
3.52
.32
.41
.70
1.84
1.35
2.87
.34
.41
1.12
2.46
1.49
2.99
.37
.35
.98
2.66
1.46
3.09
do
do
do
_ _ do
58.00
25.60
13.15
12.45
60.10
26.80
13.85
12.95
61.25
27.55
14.35
13.20
62.80
27.75
14.50
13.25
61.65
27.85
14.20
13.70
61.50
27.00
13.75
13.25
60.90
26.15
13.50
12.65
62.70 ' 64. 75 ' 62. 65
26.00
26.35
25.80
13.50
13.65
12.80
12.55
12.70
13.00
do
do
do
do
do
do
1.40
1.75
3.30
8.25
5.35
12.35
1.55
2.00
3.50
8.30
5.50
12.45
1.45
1.85
3.40
8.55
5.60
12.85
1.45
2.35
3.50
8.50
5.95
13.30
1.40
1.80
3.05
9.20
5.75
12.55
1.30
1.55
3.90
9.70
5.80
12.25
1.45
1.40
4.10
9.80
6.05
11.95
1.50
1.40
4.45
10.65
6.05
12.65 '
10,528
7,188
200
1,478
1,662
10,645
7,179
219
1,537
1,710
10,912
7,369
205
1,589
1,749
11,059
7,440
205
1,648
1,766
11,371
7,661
335
1,594
1,781
11,377
7,703
336
1,556
1,782
11,513
7,626
245
1,827
1,815
11,496
7,478
323
1,882
1,813
National income totalf
Compensation of employees, total
Wages and salaries, total
Private
_
Military
_
_
Government civilian
Supplements to wages and salaries
Proprietors' income, total 9
Business and professional 9
Farm
Rental income of persons
Corporate profits and inventory valuation adjustment, total
bil $
By broad industry groups:
Financial institutions
do
Nonfinancial corporations, total.
__do
Manufacturing, total
do
Nondurable goods industries
do
Durable goods industries
do
Transportation, communication, and public
utilities
bil. $
All other industries
do
Corporate profits before tax total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest
do
do
do
do
do
do
do
705.4 ' 722. 5
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
Less: Personal tax and nontax payments
Equals: Disposable personal income
Less* Personal outlays©
Equals* Personal saving§
ii
5f
NEW PLANT AND EQUIPMENT
EXPENDITURES
Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing _ _ _ _ _ _
Durable goods industries^
Nondurable goods industries^
Mining
Railroad. _ _ _
Transportation, other than rail
Public utilities
Communication
Commercial and other _
.39
.36
1.07
2.92
1.62
3.39
.36
.37
.98
2.33
1.48
'2.93
.36
.38
1.04
2.97
1.51
'3.11
1.55
1.40
1.65
1.45
4.35
3.65
11.60
11.65
6.35
5.90
12. 85 '12.80
' 16. 08 ' 118. 33 2 15. 62
'6.63 '7.86
6.50
'3.37 '4.03
3.28
'3.25 '3.83
3.22
'.34
'.36
'1.12
'2.96
1.50
'3.18
'.42
'.40
'1.32
'3.13
.36
.41
.96
2.64
'35.20
34.74
'63.45 '167.25 2 71. 15
' 26. 65 ' 28. 10
29.60
' 13. 65 ' 14. 15
15.10
' 13. 05 ' 13. 90
14. 50
'1.35 '1.60
'1.40 '1.50
' 4.60 '5.35
' 10. 90 ' 11. 45
6.15
' 12. 35 '3 19. 25
1.55
1.80
4.30
13.20
320.65
U.S. BALANCE OF INTERNATIONAL
PAYMENTS^1
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil $
Merchandise, adjusted, excl. military
do
Military sales
do
Income on U S investments abroad
do
Other services
do
39,197
26, 244
830
5,894
6,229
43, 144
29, 176
829
6,252
6,887
45, 757
30,468
1,239
6,859
7, 191
11,860 ' 12, 557
7,924 ' 8, 325
306
362
1,742 '1,950
1,888 ' 1, 920
13,247
8,840
P405
2,048
1,954
-32,296 -38, 063 -40, 988 -9,020 -9, 336 -9, 778 -9,929 -10,078 -10,108 -10,154 -10,648 '-11,534 -11,965 -2,369
-21,516 -25, 541 -26,991 -6,036 -6,263 -6,567 -6, 675 -6,686 -6,605 -6,541 -7, 159 -7,867 '-8,320 -8, 578
Merchandise adjusted, excl. military
do
-962
-979 -1,072 -1,065 -1,098 -1,104 -1,110 '-1,123 -1, 150
-872
-923
-2, 945 -3,736 -4,339
Military expenditures
do
-560
-560
-575
-598
-476
-479
-556
-660
'-704
-1,729 -2,074 -2,293
-563
p-735 i
Income on foreign investments in the U.S__do
-6,106 -6,712 -7,365 -1,636 -1,671 -1,693 —1 712 -1.7oO -1,878 -1,940 -1. 787 -1.897 '-1, 818 p-1. 906
Other services _
_ _ _
do
Unilateral transfers, net (excl. military grants);
-732
-647
-730 -859
-845 -641 -642
-845
-701
transfers to foreigners ( — )
mil. $ -2,834 -2,925 -3,075
©P ersonal outlays comprise personal consumption ex]penditures, interest paid by con' Revised.
* Preliminary.
rs,
and
personal
transfer
payments
to foreigners,
sume
siness.
expenditi
ires
of
but
i Estimates for Oct.-Dec. 1968 based on anticipate<1 capital
2
§Pe rsonai saving is excess of disposable income over pers onal outlays,
Estimates for Jan.-Mar. 1969 based on anticipated capi tal expen iitures of business5.
ata
for
individual
durable
and
nondurable
goods imiustries components appear in the
5tries.
04
.53;
TD
Anticipated expenditures for the year 1968 are as 1 ollows ( in bill$). All induf
Mar., June, Sept., and Dec. issues of the SURVEY.
manufacturing, total, 26.78; durable goods industri es, 13.58; nondursible goods industr ies,
13.19; mining, 1.49; railroad, 1.51; transportation
4. 46 public iutilities, 11.38; com municat on,
cWlore complete details are given in the quarterly review s in the Mar., June, Sept., and Dec.
issues of the SURVEY. Revised data back to 1960 appear o n p. 32 ff. of the June 1968 issue.
6.26; commercial and other, 12.65. 3 Includes comm unicatio n.
fSee corresponding note on p. S-l.
9 Includes iiaventory valuatiori adjustm ent.
SURVEY OF CURRENT BUSINESS
December 1968
1965
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1966
I
Annual total
II
S-3
1987
III
IV
I
II
1968
III
I
IV
II
1969
III
IV
I
Oct.
Nov.?
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
U.S. BALANCE OF INTERNATIONAL
PAYMENTS §— Con.
Quarterly Data Are Seasonally Adjusted
Transactions in U.S. private assets, net; increase
(-)
mil. $
Transactions in U.S. Govt. assets, excl. official
reserve assets; increase (— )
mil. $
Transactions in U.S. official reserve assets, net;
increase ( — )
mil. $
Transactions in foreign assets in the U.S., net (U.S.
liabilities); increase (+)
mil. $
Liquid assets
_
_
do
Other assets
_ __do
Unrecorded transactions
do
Balance on liquidity basis—increase in U.S. official
reserve assets and decrease in liquid liabilities to
all foreigners; decrease (— )
mil. $__
Balance on official reserve transactions basis—increase in U.S. official reserve assets and decrease in
liquid and certain nonliquid liabilities to foreign
official agencies; decrease (— )
__ .
mil. $_ _
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
-3792
-4, 298 —5,505 -1,011 -1,114 -1,010 -1,163
-975
-1,562
-1, 535 -2,411
-708
-572
-501
-630
1,222
568
382
113
269
-317
-362
-330
-347
-1,104 -1,788 -1,638
'-707 '-1, 448 p- 1,768
-788
'-645
p-499
-137
*-571
52
424
68
82
-6
1,027
-419
-375
-181
3,323
6,705
1,110
25
1,085
-145
594
219
375
231
1,135
339
796
-102
343
-522
865
-250
2,143
941
1,202
-458
1,943
1,177
766
207
*2, 270
3,519
3,186
-535
484
206
278
-198
2,276 ' 1, 150 ' 2, 780
789
1,923 '-217
'301
353 '1,367 ' 2, 479
-34 '-243 '-429
*1, 740
-333
-505
-522
-802
2,534
-214
-1,335
-1,357 -3,571
-630
-1,289
266 -3,405
-409
1966
-496
1967
Annual
-93
-116
-301
692
99 -1,764
-806
Nov.
P530
P444
-1,742
'-687
'-164
"41
247 -1,082
'-556
' 1, 528
P444
June
July
Aug.
1967
Oct.
904
1968
Dec.
Jan.
Feb.
Mar.
Apr.
May
Sept.
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCE f
Seasonally adjusted, at annual rates: f
Total personal income
586.8
628.8
638.0
644.9
652.6
654.9
663.0
670.0
672.6
678.2
683.7
689.2
694.1
699.7 '703.2
707.0
394.6
159.4
128.0
93.9
423.4
166.6
134.1
100.5
429.6
167.6
134.8
102.4
435.4
171.0
137.5
103.1
444.2
173.0
139.1
103.8
443.0
173.1
140.0
104.5
449.7
176.6
141.6
105. 9
452.2
177.0
142.2
106.5
453.2
176.7
141.6
106.9
457.5
179.3
144. 3
107.4
462.2
179.9
145.6
109.7
465.4
180.6
146.0
109.9
468.7
181. 1
146.3
111.2
472.8
183.3
147. 8
112.1
' 474. 9
' 184. 7
' 148. 8
' 112. 1
477.4
185.6
149 4
112.4
do
do
do
63.6
77.7
20.8
70.0
86.3
23.3
71.6
88.1
24.0
72.3
89.0
24.2
73.2
94.2
24.4
73.6
91.9
24.7
74.6
92.6
25.0
75.2
93.4
25.2
75.5
94.2
25.5
76.1
94.7
25.7
77.0
95.5
26.0
77.5
97.4
26 3
78.2
98.2
26 5
78.8
98.6
26 8
'79.1
99.0
27 0
79 8
99.5
27 3
do
do
44.8
15.9
46.3
14.4
46.5
14.2
46.8
14.3
47.0
14.3
47.1
14.4
47.2
14.6
47.5
14.8
47.6
14.8
47.8
14.8
47.9
14.8
48.0
15 1
48.0
15 4
48.0
15 7
' 48. 1
' 15.6
48.2
15 6
19.8
21.7
43.1
43.9
20.3
22.9
46.8
51.7
20.5
23.2
48.0
52.6
20.5
23.1
48.5
53.0
20.6
21.1
49.0
53.2
20.6
23.2
49.4
54 5
20.7
23 6
49.8
54 9
20.7
23 9
50.2
57 8
20.8
24.3
50.8
58 1
20.9
24 7
51.3
58 2
20.9
24 3
51.9
58 5
21.0
25 0
52.4
59 1
21.0
25 2
52.9
59 6
21.1
25 3
53.4
59 9
21.2
25 3
'54.0
'60 4
21.2
25 4
54 6
60 8
23.3
'23.4
23.5
678.6 '682.2
685.9
bil. $__
Wage and salary disbursements, total
do
Commodity-producing industries, total.do
Manufacturing
do
Distributive industries
do
Service industries
Government
Other labor income
Proprietors' income:
Business and professional . .
Farm
Rental income of persons
._
do
Dividends
__
do
Personal interest income
do
Transfer payments.
do
Less personal contributions for social insurance
bil. $..
Total nonagricultural Income
_._do
17.8
20.4
20.7
20.9
21.2
22.1
22.4
22.4
22.6
22.8
22.9
23.1
23.2
566.1
609.3
618.8
625.4
633.0
635.1
643.1
649.9
652.4
658.0
663.4
668.7
673.3
FARM INCOME AND MARKETINGS t
Cash receipts from farming, including Government
payments, total % .
__
mil.$
Farm marketings and CCC loans, total
do
Crops
do
Livestock and products, total 9
do
Dairy products
do
Meat animals..
do
Poultry and eggs.
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted: t
All commodities
1957-59—100
Crops
do
Livestock and products. _ _
do
Indexes of volume of farm marketings, unadjusted: %
All commodities..
1957-59—100
Crops _
do
Livestock and products
do
46,457
45, 867
5,398
4,777
3,877
3,741
3,031
3,021
2,986
3 027
3 206
3 716
4,861
5 138
5,602
43, 180
18, 256
24,924
5,532
14, 859
4,149
42,788
18,383
24, 405
5,770
14, 630
3,640
4,915
2,605
2,310
471
1,494
329
4,715
2,653
2,062
458
1,278
307
3,833
1,921
1,912
488
1,098
295
3 683
1.632
2,051
484
1, 245
282
2,847
914
1, 933
460
1,177
255
2 847
835
2,012
504
1,190
286
2,868
838
2,030
511
1,215
267
2 993 3 188
851
1 233
2 142
1 955
540
522
1 284 1 108
281
299
3 562
1 476
2 086
'493
1 253
322
3 763
1,579
2 184
482
1 330
355
3 973
1 744
2 229
478
1 362
373
5,206
2,678
2,528
498
1,639
375
133
132
135
132
133
132
182
226
150
175
231
134
142
167
124
137
143
133
106
80
125
106
73
131
107
73
132
111
74
139
119
108
127
133
' 129
135
140
138
142
148
152
145
194
174
164
120
121
120
124
124
124
173
214
142
170
224
131
137
162
119
132
145
123
96
74
112
93
60
118
92
55
119
98
57
128
112
105
116
126
133
120
133
141
127
133
142
127
182
227
148
156.3
158.1
161.7
161.5
160.8
159. 1
162.7
164.6
163.2
165.2 '169.4
' 160. 3 '163.3 '169.4
158.6
164.8
150.8
120.5
173 9
159.7
163.7
154.6
123.8
184 9
163.9
164.1
163.5
125.1
163.7
167.0
159.5
124.6
162.6
169.3
154.3
122.0
160.1
166.1
152.5
120.2
164.2
168.9
158.3
123.7
166.4
170.5
161.2
125.3
165.1
169.4
159. 8
127.3
167.4
172.1
161.6
128.6
155.5
147.5
166.5
141.4
172.6
158.3
148.5
159. 0
145 1
179. 4
162.3
155. 7
170.0
151.1
176.7
161.3
152.1
171.7
145.8
181.2
161.1
150.5
174.7
142.8
183.9
159.1
148.9
168.3
142.8
181. 0
162.4
153.4
174.7
146.6
181.7
164.8
156.2
179. 8
148.7
183.4
160.8
151.7
175.1
144.2
180.4
162. 6
153.7
178.5
145.9
181.6
INDUSTRIAL PRODUCTION cf
Federal Reserve Index of Quantity Output
Unadj., total index (incl. utilities)^-- 1957-59 =100..
By industry groupings:
Manufacturing, total
do
Durable manufactures
do
Nondurable manufactures
do
Mining
do
Utilities
.
do
By market groupings:
Final products, total
Consumer goods
Automotive and home goods..
Apparel and staples
Equipment, including defense
do
do
do
do
do
Materials
do
160.5
157.0
161 1 161 6
157 8
Durable goods materials
do
154.2
151.9 «152. 1
153.6
156.9
Nondurable materials
do
167.0
163.9
170.4
169.8
157.2
'Revised.
"Preliminary.
§See note marked "tf" on p. S-2.
fSee corresponding
note on p. S-l.
JSeries revised beginning 1960 (annual data for 1960-67 and monthly data
for 1965-67, for dollar figures only, now include Alaska and Hawaii; 1968 data exclude these
States); monthly data back to 1965 appear in the Dept. of Agriculture publication, Farm
'170.3
169.0
' 163. 0
' 160. 5
'166.3
' 130. 7
' 170. 6 ' 172. 7
173.2
' 170. 4
'170.9 ' 172. 1
'128.6 ' 123. 9
171.2
174.0
167.7
126.4
159.1 ' 162. 0
168.8
161.2
149.6 ' 154.2
184.5 ' 153. 5 ' 141. 5
153.8
148.3 '158.3
185.1 ' 179. 6 ' 178. 6
' 171.4 ' 172. 5
' 165. 2 ' 167. 3
' 178. 5 ' 193. 0
161.0
' 184. 6 ' 183.7
169.6
161.8
190
' 171. 6 ' 160. 4
' 175. 4 '164.1
' 167. 0 ' 155. 7
' 128.9 127.1
186.3
165.4
164.5
167.6 ' 169. 9 ' 161. 3 '164.5 ' 167. 6 ' 168. 6
159.1
162.8
168.9
158.8
162.4 '164.8 ' 155. 1 ' 153. 1 ' 157. 2 '158.5
151.7
156.1
157.7
158
172.2
171.5
166.7
173. 0 ' 175. 1 ' 167. 6 '176.3 ' 178. 2 ' 179. 1 180
169.7
Income Situation, July 1968.
G? Revisions for 1966 appear on p. 20 of the Nov. 1967 SURVEY; those for Jan.-Aug. 1967 will
be shown later.
9 Includes data for items not shown separately.
o Corrected.
SURVEY OF CUREENT BUSINESS
S-4
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1967
Oct.
Annual
December 1968
Nov.
1968
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov."
GENERAL BUSINESS INDICATORS—Continued
1
INDUSTRIAL PROD UCTIONc? — Continued
Federal Reserve Index of Quantity Output—Con.
156.3
158.1
157.2
159.8
162.1
161.2
162.0
163.0
162.5
164.2
158.6
159. 7
158.5
161.3
164.1
162.7
163.6
164.6
163.7
165.8 ' 167. 3 ' 167. 4 ' 165. 7 ' 166. 3 ' 167. 2
168.8
164.8
142.7
136.2
166.2
163.0
158.8
163.7
132.5
126.8
153.2
161.9
158.1
160.7
131.7
127.7
142.8
158.2
156.4
164.1
134.9
133, 3
142.1
159.8
158.8
168.1
140.9
140.9
145. 2
162.4
160. 0
167.2
136.3
134.2
145.6
163.9
159.4
167.6
139.3
137.8
154.1
165.7
160.9
168.2
140.2
140.8
151.3
166.6
162.7
167.2
143.3
143.1
154.5
161.4
156.9
169.8 ' 171. 0 '170.8 ' 167. 8
148.5 148.6 ' 145. 8 ' 122. 8
146.4 148.4 ' 146. 6 '112.9
161.2 150.4
153.6 ' 153. 9
165.0 ' 166. 1 ' 166. 2 ' 166. 3
159.8 '161.8 ' 159. 7 '159.1
'168.5
119.9
106.9
'164.4
' 167. 6
' 161. 1
' 169. 0
' 122. 0
' 107. 7
170.5
' 171. 7
' 165. 0
171.3
130
116
173
167
Machinery
__ _ _ _
. do
Nonelectrical machinery
do
Electrical machinery.
do
Transportation equipment 9 _ _ _ do
Motor vehicles and parts
do
Aircraft and other equipment
do___
183.8
181.9
186.4
166.9
168.7
165.0
183. 4
183.4
183.3
165.7
146.5
182.1
179.6
177.2
182.8
159.2
128.6
185.2
183.2
180.9
186.3
165.6
141.4
186.0
182.2
179.5
185.8
177.5
166.9
186.3
183.4
180.7
186.9
175.6
162.2
186.8
183.2
180.6
186.6
175.1
161.1
186.5
183.3
180.2
187. 3
177.6
167.8
185.4
179.4
176.9
182.8
175.3
164.8
183.5
179.9 ' 181. 7 ' 182. 7
176.6 ' 178. 8 ' 179. 8
184. 2 185.5 186.5
180.4 182.6 183.2
173.6 174.2
174.3
185.4 188.6 189.3
' 183. 8
179. 1
' 190. 1
' 181. 7
' 175. 4
185.7
'
'
'
'
186. 3
182. 4
191. 4
180. 5
173.5
' 184. 7
'186.4
' 184. 4
' 189. 1
' 180, 3
' 177. 1
' 180. 5
188
186
190
180
177
180
Instruments and related products
Clay, glass, and stone products
Lumber and products
Furniture and
fixtures
Miscellaneous manufactures
do
do
do____
do
do
176.5
140.7
119.4
171.9
157.9
184.8
138.7
116.9
167.7
157.3
183.2
139.7
117.0
166.6
155.0
185.4
139.2
120.6
167.8
155.1
186.3
143.6
125.7
170.7
155.7
186.7
140.8
118.1
171.3
158.9
184.7
137.3
119.3
173.0
160.7
183.8
131.0
125.0
173.7
159.9
181.4
146.1
123.9
174.1
158.8
181.2
181.3 T 179.2
146.4
145.1 145. 2
122.7 ' 123. 4 ' 120. 6
178.9 ' 178. 0 ' 177. 8
160.6
160.9 ' 161. 1
'
'
'
'
182.6
147. 5
114. 7
178. 6
161. 4
do
do
do
do
do
150.8
142.5
150.1
111.7
152.1
154.6
142.0
147.6
106.3
153.6
155.8
144.3
146.2
109.4
154.5
157.7
147.1
148.6
113.0
156.1
159.0
151.9
150.9
114.8
157.4
157.1
147.6
145.2
110.4
155.9
158.6
148.8
146.4
109.7
157.1
160.0
149.9
148.5
113.7
159. 2
159.5
146.3
148.9
114.6
159.5
160.8 ' 162. 7
147.2 ' 148. 8
149.6 '151.4
118.0
115.8
161.1 162.9
'
'
'
'
'
163. 0 ' 163. 6 ' 164. 9
151. 4 ' 152. 0 150.7
149. 0 149.5
109. 5 109.8
184. 1 ' 165. 9 166.4
142.1
134.2
193.2
221.0
128.3
146.8
134.2
203.8
236.0
133.4
144.3
134.0
206.4
241.5
137.1
145.5
134.4
209.2
245.5
136.7
144.1
129.9
211.4
249.4
137.9
143.3
129.9
211.8
250.9
134.8
145.9
131.4
213.8
251.8
135.7
146.8
133.7
215.0
252. 7
136.1
145.8
130.8
215.2
256.2
137.3
149.8
149.6
149.5 151.1 ' 150.0 ' 150. 4
134.4
134.7
134.7 137.7
140.9
138.4
216.6 ' 219. 3 ' 222. 4 ' 221. 0 ' 222. 4 226.9
255.5 ' 258. 0 ' 264. 4 ' 262. 7 262.9
140. 6
139.9
139.5 ' 140. 7 ' 142. 3 141.4
do
do
do
do
do
191.9
128.7
126.6
139.9
120.0
193. 5
132.6
130.1
146.0
120.3
210.6
132.5
129.1
150.8
118.0
213.9
133.5
130.2
151.0
115.5
215.4
134.4
130.5
155.5
120.5
206.7
133.5
130.7
148.2
114.4
212.3
133.2
130.7
146.7
132.1
215. 7
134.5
131.4
151.2
122.9
209.4
135.3
131.9
153.3
112.1
214. 3 ' 218. 0 ' 222. 4 ' 223. 1 223.3
134.0
135.5 135.1 135.3 ' 135. 4
132.2
131.9
132.7
131. 5
131.5
145.0
153.1 147.9
155.7
156.0
120. 0
122.8
123.4
123.1 124.0
do
do
_do
do
do
do
120.5
117.0
118.0
119.3
133.4
133.5
123.8 122.8 124.1 122.8
120.4 115.3 117.2 119.2
123.1 026.0 ' 126. 5 « 123. 5
126.3 130.3 128.7 126.4
94.1
120.3
94.6
97.1
135.4 132.9 139.0 142.7
121.6
113.4
123.6
127.4
100.0
135.3
123.9
116.8
124.5
129.7
102.8
145.0
126.2
126.0
126.0
130.9
108.7
141.2
127.1
124.4
124.8
128.7
139. 9
137.1
126.9 ' 129. 2
120.4
126.7
126.6 ' 128. 4
131.2 132.4
131.4 130.8
135.0 136.9
do
do
do
173.9
179.6
156.1
184.9
191.8
163.0
188.7
195.8
166.5
191.5
199.4
166.6
192.6
200.8
166.8
196.7
205.2
169.8
199.0
207.3
172.8
198.0
206.4
171.8
196.5
204.9
170.0
196.1 ' 197. 9
205.0
207.0
169.2
168.4
do
do
do _
155.5
147.5
166.5
158.3
148.5
159.0
157.0
148.2
157.7
160.1
150.2
163.2
162.1
153.0
169.0
160.8
151. 3
167.0
162.0
152.9
167.9
163.5
155.0
173.1
161.7
153.5
169.5
163.0 ' 165. 2 ' 164. 7 ' 164. 8 ' 165. 6 ' 166. 7 167.7
154.6 ' 156. 8 ' 156. 4 '156.8 ' 157.3 ' 159. 0 159.8
173.6 ' 176. 4 ' 175. 2 ' 175. 6 ' 175. 8 ' 177. 9 179
Automotive products __
_ do
Autos
do
Auto parts and allied products__.do
Home goods 9
do
Appliances, TV, and radios
do
Furniture and rugs
do
163.0
169.5
154.4
168.9
166.6
165.7
149.1
145.7
153.6
166. 0
159.6
159.6
145.2
135.3
158.2
166.4
162.9
159.7
152. 4
144.5
162.9
170.8
168.4
163.4
170.0
175.1
163.3
168.3
158.7
166.5
164.2
163.2
165.4
169.1
159.3
166.4
162.7
158.0
168.8
171.5
162.6
169.2
173.4
172.7
174.4
172.9
164.8
169.9
168.7
166.8
171.2
170.1
156.8
170.1
178.1
182.3
172.6
170.4
156.7
174.6
Apparel and staples
do
Apparel, incl. knit goods and shoes.. do
Consumer staples
do
Processed foods
do
141.4
139.5
142.0
126.4
145.1
136.2
147.6
130.0
145.1
136.1
147.7
129.3
146.1
137.5
148.5
129.5
147.9
139.2
150.4
130.4
146.2
136.5
149.0
129.5
148.1
137.3
151.2
130.6
149.2
140.3
151.7
131.3
148.3
139.9
150. 7
131.2
148.6
150.6
139.5
140.8
151.2 ' 153. 4
132.2
131.0
Beverages and tobacco
do
Drugs, soap, and toiletries
do
Newspapers, magazines, books.. _ do
Consumer fuel and lighting
do
133.2
173.5
136.5
159.9
137.4
182.7
140.1
168.9
139.7
181.6
134.8
172.1
139.0
183.1
135.7
174.9
143.7
184.3
138.5
177.5
136.8
184.2
138.4
176.9
141.8
185.9
141.5
179.6
141.7
187.5
142.1
179.4
139.4
186.1
142.1
177.3
136.6
190.0
145.3
177.0
Equipment, including defense 9 do
Business equipment
do
Industrial equipment
do
Commercial equipment
do
Freight and passenger equipment.. do
Farm equipment
do
172.6
181.2
172.3
190.1
208.3
167. 5
179.4
182.8
170.2
200.9
215.4
158.7
176.0
176.9
162.3
199.0
209.9
157.5
181.5
183.5
170.4
200.9
222.9
147.2
181.5
183.4
168.9
204.7
228.4
131.2
181.4
183.3
168.0
204. 2
226.4
148.3
181.6
182.9
165.8
206.1
230.1
146.4
181.8
183.3
167.0
205.4
227.8
150.6
179.4
180.9
165.9
204.4
220.8
140.3
181.1 ' 183. 2 ' 182. 6 ' 181. 9
182.5
184.3 ' 183. 4 ' 182. 4
168.0 ' 167. 5 ' 164. 7
165.8
203.6 ' 204. 6 ' 202. 4 '204.6
231.5 ' 234. 0 234.3 ' 233. 2
139.6 ' 145. 8
145.1 144. 2
do
do
do
do
do
157.0
156.9
166.5
180.7
141.7
157.8
151.9
143.9
184.5
139.6
157.7
148.6
130.0
184.1
139.5
160.1
152.4
143.8
186.0
141.2
162.0
155.1
159.4
184.9
142.1
161.7
154.9
162.3
183. 9
142.8
161.8
155.4
162.2
186.7
144.8
162.8
156.7
160.1
185.1
145.8
163.1
157.1
154.6
181.9
144.4
165.2
159.4
163.0
183.6
145.3
do
do
do
do
157.2
149.0
145.6
150.6
163.9
152.9
148.5
155.1
167.0
155.0
153.7
155.7
168.1
154.7
152.6
155.7
169.2
154.7
152.0
156.0
168.7
154.4
154.3
154.5
168.3
151.1
144.5
154.4
169.1
150.1
142.8
153.8
169.3
152.0
150.9
152.6
171. 2 ' 173. 9 '175.3 ' 175. 5
154.5 ' 159. 0 ' 157. 9 ' 158. 4
156.0 ' 154. 2
158.9
155.6
154.0 '159.0 '158.8 ' 160. 5
136.6
144.3
122.5
129.2
172.9
183.3
note on p. S-3.
147.5
131.4
188.7
147.5
130.8
189.3
146.2
129.3
188.9
147.2 149.1 150.8 150.2
151.7 '153.2 ' 154. 1 ' 154. 3 '153.4 ' 149. 7
128.9 131.4 134.3 132.6
133.7 ' 136. 4 136.9 ' 136. 6 ' 134. 1 127.3
193.4 194.4 193.6 194.6
197.0 ' 196. 7 1 ' 198. 2 ' 200. 3 202.8
9Inc ludes da ta for items not s hown sep arately.
« Corrected.
Seas, adj., total index (incl. utilities) c?_ 1957-59 =100_
By industry groupings:
Manufacturing, total... ___
do
Durable manufactures 9
do
Primary metals
_
-do
Iron and steel
do
Nonferrous metals and products — do
Fabricated metal products
do
Structural metal parts, __
.do
Nondurable manufactures
Textile mill products
Apparel products
Leather and products
Paper and products
Printing and publishing
Newspapers
.
Chemicals and products
Industrial chemicals
Petroleum products
..___>_do.
do
do
do
.
do
Rubber and plastics products
Foods and beverages
Food manufactures
Beverages
Tobacco products
Mining
_ _
Coal
Crude oil and natural gas
Crude oil
Metal mining
Stone and earth minerals
Utilities
Electric _ _
Gas
._.
By market groupings:
Final products, total cf
Consumer goods _ _ _ _ _
Automotive and home goods
Materialscf
Durable goods materials 9
Consumer durable..
Equipment
Construction
Nondurable materials 9
Business supplies
Containers
General business supplies
_
Business fuel and power 9
do.
Mineral fuels
do
Nonresidential utilities
do
' Revised.
v Preliminary.
cTSee correspondirig
'165.8 ' 166. 0 '164.6 ' 165. 1 ' 165. 7
180.7
183.5
' 177. 1
' 173. 4
' 161. 6
'174.8
142.9
192.0
143.6
180.8
' 166. 7
' 160. 4
162.2
' 184. 8
' 145. 6
' 163. 0
' 150. 9
150.4
107.0
164.1
130.0
126.6
129.2
134.0
134.1
137.1
167.4
187
'184.3 '185.4
' 150. 0 ' 150. 4 152
' 119. 4 119.8
' 179. 7 ' 180. 6 181
159
' 162. 0 160.5
165.7
151
135.8
131.9
121.8
'86.6
' 126. 9
' 130. 8
126.8
132.9
126.1
116
126
129
' 199. 3 ' 202. 1 ' 204. 8 ' 208. 5
208.2 ' 211. 5 214.7
171.3 172.6
174.0
210.5
180.4
183.7
' 176. 1
' 171. 5
'161.8
' 174. 5
' 129. 4
' 121. 3
'129.3
' 134. 8
134.5
137.5
'
'
'
'
177.1
182.4
170. 2
174. 6
168. 0
174. 0
150.4 ' 150. 7
139.4 ' 139. 8
153.5 ' 153. 9
132.9
132.5
' 126. 9
' 120. 8
' 126. 7
'131.2
' 127. 7
' 136. 5
' 175. 6 178.8
177.4 '180.3
173. 2 176.8
175. 9 177.3
170. 4 173.4
175. 5 174.6
'
'
'
'
151.4
139.3
' 154.9 ' 156. 3
132.5 131.8
139.6
145.2
144.7
192.6
190.6 ' 193. 6
144.2
143.6 ' 140. 7
180.8 ' 182. 6 186.0
' 167. 4
' 159. 8
' 167. 7
' 185. 8
143.7
' 164. 2
' 153. 3
' 153. 5
' 185. 3
'143.3
180
181
157
199.6
143.8
' 183. 5 ' 182. 9 184.8
' 185. 1 ' 186. 7 189
' 167. 8 171.1
' 205. 9 206.0
233.1
'235.6
150.7
' 164. 9 ' 164. 8
' 153. 2 154.3
' 166. 1 166.4
185.1 184.7
' 145. 6 145. 9
167.4
157
'176.9 ' 175. 5 178
' 162. 1 161.4
' 163. 6 165.5
'161.3 159.4
154
132
SURVEY OF CURRENT BUSINESS
December 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1967
Annual
S-5
Oct.
Nov.
1968
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
Oct.
Nov.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES §
Mfg. and trade sales (unadj.), totald"1
mil. $
11,046,213 11,067,53
90, 960
92, 117
96, 953
86, 378
90, 002
95, 315
95, 757
98, 459
100,011 94 408
do -
11,046,213 11,067,53
89, 043
90, 759
91, 970
93, 077
93, 821
94, 612
94, 436
96, 043
97, 554 ' 98, 496
i 538, 506 1548, 542
do.,
do__
295,624 299, 680
do... 242, 882 248, 862
45 748
24,802
20, 946
46,955
25, 538
21, 417
47 961 48 447
26, 610 26, 925
21, 351 •21, 522
48 356
26, 711
21, 645
48 446
26, 844
21, 602
48 755
26, 888
21, 867
50 014
27, 509
22, 505
50 729 '51 425 '49 825 '51 441 52 590
27 633 r 28, 211 r 26, 837 'r 27, 985 28 993
23, 096 23, 214 22, 988 23, 456 23, 597
-
do... 1303,956 1313,809
do
98, 301 100, 173
d o _ _ _ 205, 655 213, 636
26, 100
8,268
17, 832
26, 385
8,276
18, 109
26, 368
8,422
17, 946
26, 936
8,502
18, 434
27, 512
8,871
18, 641
28, 145
9,062
19, 083
27, 675
8 871
18, 804
28, 132
9 081
19, 051
28, 451
9 290
19, 161
28, 802
9 402
19, 400
29, 037 r 28, 863
9 567 r 9 699
19, 470 '19,164
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
__do_._ 1203,751 i 205,188
_ . do_ . _ 91, 026 90, 447
112, 724 114, 741
do_
17, 195
7,718
9,477
17,419
7,843
9,576
17,641
7,980
9,661
17, 694
7,892
9,802
17,953
8,171
9,782
18, 021
8,141
9,880
18, 006
8,163
9 843
17,897
8,058
9,839
18, 374
8,152
10 222
18, 269
8,309
9 960
18, 498
8,301
10 197
Mfg. and trade sales (seas, adj.), totalcf
Manufacturing total cf1
Durable goods industries
Nondurable goods industries
Retail trade, total c?
Durable goods stores
Nondurable goods stores
Mfg. and trade inventories, book value, end of year
or month (unadj.), total cf mil. $
135, 513
Mfg. and trade inventories, book value, end of year
or month (seas. adj. ), total cT_— .
mil. $__ 137, 184
96 310 '98 605 103 606
T
97, 360 * 99, 096
r
18, 792
8, 554
10 238
r
r
99, 865
28 713
9 380
19, 333
18 562
8,558
10 004
142, 213 141,778 143,762 142,213 143,308 144,921 146,430 148 157 149,140 148 890 148 138 148 320 '149 122 152 197
143, 772
141,461 142,554 143,772 144,106 144,819 145,153 146,487 147,808 148,522 149,063 149,923 '150,725 152, 125
78 125
49, 797
28,328
38, 368
17, 309
21, 059
20, 691
12, 112
8,579
•82 819
53, 540
29, 279
39, 318
17, 403
21, 915
21. 635
12, 543
9,092
81 968
52, 867
29, 101
38, 548
16, 852
21 696
20, 945
12, 202
8,743
82 389
53, 283
29, 106
39, 104
17, 065
22 039
21,061
12,258
8,803
- - .ratio
1.48
1.58
1.59
Manufacturing, totalcf
do
Durable goods industries
__do .
Materials and supplies
L
_do__
Work in process
.
do
Finished goods
_ __
_ do
Nondurable goods industries _
do
Materials and supplies
do
Work in process
do
Finished goods,. _ _ _ .
do
Retail trade, totalc?-do
Durable goods stores. _
do
Nondurable goods stores. _.
do
Merchant wholesalers, total ..
do
Durable goods establishments..
do
Nondurable goods establishments _ __do _
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:
Durable goods industries:
Unadjusted, total.
mil $
Seasonally adj., total*
do
1.62
1.85
.58
.81
.46
1.34
54
20
.60
1.44
2.00
1.18
1.14
1.49
.85
1 77
2.08
.62
94
.52
1.40
55
21
.64
1.47
2.03
1.21
1.22
1.61
.91
1 79
2.13
.62
97
.53
1.39
54
21
64
1.48
2.04
1.22
1.22
1.58
.92
11, 436
12, 853
998
990
1 109
1,091
Manufacturing, totaled
Durable goods industries
Nondurable goods industries
Retail trade, total f
_
Durable goods stores
Nondurable goods stores
Merchant wholesalers, total-.
__.
Durable goods establishments..
Nondurable goods establishments _
Inventory-sales ratios:
Manufacturing and trade, total d1
do
do__
do
do
_ do
do
do..
do
. do
82 819
53, 540
29, 279
39, 318
17, 403
21 915
21,635
12,543
9,092
82890
53, 525
29, 365
39, 575
17, 566
22 009
21, 641
12,433
9,208
83 408
54, 009
29, 399
39 788
17, 709
22 079
21,623
12,446
9,177
83 759
54, 295
29, 464
39 776
17, 723
22 053
21,618
12, 509
9,109
84 382
54 724
29, 658
40 242
18 113
22 129
21 863
12 777
9 086
85 278
55, 234
30, 044
40 606
18 248
22 358
21,924
12,664
9 260
85 582
55 442
30, 140
40 842
18 440
22 402
22 098
12, 775
9 323
85 829
55 461
30, 368
41 065
18 475
22 590
22 169
12, 923
9 246
1.57
1.56
1.55
1 54
1 53
1 55
1 54
1 52
r i 51
1 54
1 75
2 09
.61
96
52
1.36
53
21
62
1.48
2.06
1.22
1.21
1.56
.92
1 73
2.01
.59
93
.50
1.37
53
21
.63
1.49
2.07
1. 22
1.23
1,57
.94
1 71
1.99
.58
92
.50
1.36
53
21
63
1.47
2.07
1.19
1.22
1.58
.94
1 72
2 02
.59
93
50
1 36
52
21
63
1 45
2.00
1.18
1.20
1.52
.94
1 73
2 02
.59
93
50
1 36
52
21
64
1 41
1.96
1.16
1.20
1.54
.92
1 73
2 04
60
94
50
1 36
51
21
64
1 45
2 04
1 18
1 21
1 57
.92
1 71
2 01
60
92
49
1 33
50
20
63
1 44
2 01
1.17
1.23
1.57
.94
1 69
2 01
60
92
49
1 30
49
20
61
1 44
1 98
1 17
1.20
1.57
.91
1 67
1 97
T
59
T 89
48
1 31
49
20
62
1 43
1 97
1 16
1.21
1.56
.93
1 74
1,139
1,210
1 137
1,175
1 169
1,091
1 203
1 184
1 268
1,223
1 256
1 222
1 180
1 314
1,337
1,204
86 713
56 069
30, 644
41 010
18 501
22 509
22 200
13 166
9 034
r 2 09
63
T 95
51
1 33
50
21
63
1 41
1 93
1 16
1 20
1.59
.89
'87 109
'56 458
"•30,651
41 424
18 622
22 802
r
22 192
'13 064
T 9 128
87 614
56 685
30, 929
42 220
19 165
23 055
22 291
13 148
9 143
1 52
1 52
1 69
2 02
r
60
92
50
1 67
1 96
58
89
49
1 31
49
20
62
1 47
2 04
1 19
1 20
1 54
.91
T
r 1 31
49
20
r
Q2
r 1 44
' 1 92
1 19
1.18
T
1. 53
'.89
1 152 rr 1 275
1 293
1*261
1 383
1 370
538,506
548,542
46,694
46,799
46,923
45,421
48,976
50,491
50,068
50,596
53,163
47,378
47, 967
52, 950
54 054
Durable goods industries, total 9
do
Stone, clay, and glass products
do__
Primary metals
do
Blastfurnaces, steel mills ...
do
Fabricated metal products
do._
Machinery, except electrical
do
Electrical machinery.
do
Transportation equipment.
do
Motor vehicles and parts
__ _ _ d o
Instruments and related products
do
295, 624
14, 634
49, 530
24, 544
30, 913
46, 682
40, 799
75, 278
47, 140
8,841
299, 680
14, 479
45, 867
22, 846
31, 443
52, 066
41, 443
74, 863
43, 096
9,500
24, 958
1,311
3,742
1,921
2,730
4, 300
3,641
5,682
3,056
868
25, 455
1,226
3 798
1,963
2,627
4,301
3,695
6,366
3,573
854
26, 644
1,182
3,766
1,926
2,673
4,748
3, 717
7,295
4,120
862
25, 137 ~27, 070
1,088
1,154
3,872 4,189
2, 042
2,218
2,586
2,770
4,225 4,794
3,303 3,601
6,815
6,971
4,051 3,997
815
864
28, 290
1,204
4, 411
2,362
2,864
5 026
3,708
7,310
4,207
922
27 834
1,348
4 584
2,416
2,865
4 930
3,403
6,993
3,976
880
28, 283
1,373
4 663
2,457
2,900
4,808
3,361
7,410
4,423
909
29 606
1,402
4 852
2 617
3,015
5 165
3 717
7 466
4,395
994
25 612
1 297
4 352
2 554
2 703
4 376
3 151
6 086
3,096
860
24, 692
1,403
3 536
1,497
2,896
4 519
3 389
4 976
2, 126
955
28, 404
' 1, 449
r
3 912
T
1, 579
' 2, 965
'5 029
'T 3, 754
7, 067
f 4, 018
r
1, 062
29 585
1 503
4 146
1 753
3 085
5 079
3 682
7 876
4,794
1 033
Nondurable goods industries, total 9
Food and kindred products
Tobacco products
Textile mill products.Paper and allied products
Chemicals and allied products
Petroleum and coal products.
Rubber and plastics products
do
do
do
do
do
do
do
do
242, 882
79, 729
4,772
19, 608
20, 411
40, 797
20, 403
11, 978
248, 862
83, 017
4,768
19, 241
21, 120
42, 347
21,211
12, 597
21, 736
7,267
• 388
1,827
1,829
3,648
1,777
1,134
21, 344
7,128
403
1,758
1,811
3, 527
1,822
1,061
20, 279
6,967
399
1,637
1,776
3,218
1,773
1,007
20, 284
6,716
359
1,597
1,795
3,452
1, 733
1,014
22, 201
7,151
406
1,767
1,979
3,816
1,821
1,134
22, 234
7 014
387
1 736
1,981
4 019
1,787
1 232
22, 313
7,233
421
1,765
2,014
3,969
1,811
1,245
23 557
7 680
437
1 892
2 123
4 127
1,955
1 252
21 766
7 455
419
1 585
1,901
3 588
1,837
1 099
23, 275
7 729
438
1 819
2,041
3 940
1,884
1,160
24, 546 24 469
'8 251 8 137
'423
412
' 1 981 1 956
' 2, 186 2,172
'4 204
4 137
1,898
1,897
' 1, 221 1 325
Shipments (seas, adj.), totalcf
By industry group:
Durable goods industries, total 9
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills....
Fabricated metal products
Machinery, except electrical
Electrical machinery.
Transportation equipment.
Motor vehicles and parts
Instruments and related products
do
45, 748
46,955
47,961
48,447
48,356
48,446
48,755
50,014
50,729
51, 425
49 825
do
do
do
do
do
do
do
do
do
do
24, 802
1,215
3,841
2,012
2,661
4,388
3,469
5,826
3,087
833
25, 538
1,234
3,941
2,088
2 671
4,493
3,569
6,170
3 328
841
26, 610
1,319
4,027
2,140
2, 786
4,693
3,624
6,686
3,748
816
26, 925
1,285
4,012
2,114
2,889
4,639
3,556
6,903
3,938
921
26, 711
1,303
4,056
2,158
2,789
4,647
3,560
6,703
3 821
888
26 844
1,257
4,119
2,165
2,813
4, 678
3,578
6,746
3,766
903
26 888
1 330
4,263
2,194
2 814
4 685
3,473
6,689
3 701
892
27 509
1, 329
4,423
2,288
2 841
4,657
3,475
7,020
4 092
923
27 633 28 211 26 837
1 263 1 280 1 295
3,662
4 603
4 741
2,504
2, 720
1,516
2 799
2 811
2 898
4 749
4, 853
4 740
3 601 3 503
3,503
6,801 r 7, 148 r 6, 906
3 879 '3 874 '3 966
944
926
969
Shipments (not seas, adj.), totaled--
do
Nondurable goods industries, total 9
do
20, 946 21,417 21, 351
7,141
Food and kindred products
do
7,043
7,132
Tobacco products . _ .
do
396
401
405
Textile mill products
do
1,742
1,689
1,692
Paper and allied products..
do
1,775
1,855
1,822
Chemicals and allied products
do
3,596
3,709 3,586
Petroleum and coal products
do
1,774
1,766
1,831
1,046
Rubber and plastics products .
do
1.094
1,097
'Revised.
i Based on data not seasonally adjusted.
2 Advance estimate.
§The
term business" here includes only manufacturing and trade; business inventories as shown
on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted data for
manufacturing are shown below and on p. S-6; those for wholesale and retail trade on pp. S-ll
and S-12.
cTSeries revised to reflect benchmarking manufacturing data to annual survey
of manufactures totals for 1961 to 1966 and carrying forward the revised levels to June 1968,
and to reflect revision of the retail sales sample. Complete details and data back to 1961 for
21, 906
7,084
386
1,795
1,917
3,684
1,815
1,108
51, 441
52 590
27 985 28 993
' 1 347 1 397
' 3, 963 4 240
' 1, 626 1,833
'2 859 3 010
' 5, 075 5 177
' 3, 545 3,530
' 7, 227 7,593
' 4 183 4 371
'999
994
21, 522 21, 645 21, 602 21, 867 22, 505 23, 096 23,214 1 22, 988 23, 456 23, 597
7,112
7,066
7,036
7 095
7 267
7 499
7 721 ' 7 812 7 891
7 754
402
394
421
396
'411
413
399
420
408
418
1,750
1,780
1,722
1,804
1,741
1 804 1,867
1, 746 ' 1, 848 1,806
1,884
1,900
1,952
1,913
2,023 2,045
2,056 2,016 ' 2, 117 2, 113
3,611 3,664
3,619
3,697
3,811 3 966
3 881 4,014 '4 061 4,086
1,762
1,824
1,808
1,856
1,803
1,911
1,824
1, 869 ' 1, 884 1,884
1,204
1,182
1,075
1,095
1,086
1.161
1,210
1,197 ' 1, 221 1,280
manufacturing, for which methodology and sample design remain unchanged, appear in
Manufacturers' Shipments, Inventories, and Orders: 1961-1968—Series M3-1.1, available from
the Bureau of the Census (Wash., D.C. 20233). See note marked "t" for p. S-ll regarding
new retail sales sample. Revised manufacturing and trade sales and inventories, total, manufacturing, total, durable and nondurable, (except inventory-sales ratios) back to 1961 appear
on p. 22 ff. of the Nov. 1968 SURVEY.
^Revised series; see corresponding note on p. S-12.
*New series.
9 Includes data for items not shown separately.
° Corrected.
SUKVEY OF CURKENT BUSINESS
S-6
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
| 1967
Annual
December 1968
Oct.
Nov.
1968
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS cf— Continued
Shipments (seas, adj.)— Continued
By market category:
Home goods and apparel- _
mil. $_
Consumer staples
do
Equipment and defense prod., excl. auto.do
Automotive equipment
do __
Construction materials and supplies
do __
Other materials and supplies _
do __
Supplementary market categories :
Consumer durables
do
Defense products (old series)
do
Defense products*
do
Machinery and equipment do
152,169
1101,749
176,153
152,926
143,344
1212,165
151,206
1106,412
184, 149
148,769
142,916
1215,090
4,218
8,995
7,157
3,568
3,650
18, 160
4,307
9,180
7,374
3,808
3,698
18, 588
4,429
9,142
7,714
4,235
3,846
18, 595
4,581
9,118
7,687
4,421
3,806
18,834
4,504
9,090
7,687
4,285
3,941
18,849
4,437
9,094
7,756
4,235
3,916
19,008
4,565
9,149
7,763
4,209
3,988
19, 081
4,825
9,346
7,743
4,622
3,966
19, 512
122,661
134,076
123,461
139,279
2,010
3,404
2,004
3,571
2,041
3,696
158,928
163,709
5,302
5,435
5,619
2,044
3,732
1,930
5,560
2,025
3,739
2,063
5,560
1,997
3,838
2,050
5,567
2,001
3,719
1,928
5,633
2,035
3,763
1,948
5,578
2,023
3,788
1,905
5,657
2,049
4, 126
2,217
5,589
1,939 ' 1, 990
3,742 ' 3, 839
1,823
1,884
5,682 ' 5, 921
2,021
4,067
2,070
5,911
do
do
do
77,899
49,496
28,403
82,561
53,217
29,344
81,329
52, 506
28,823
81, 899
52,889
29, 010
82, 561
53, 217
29,344
83, 200
53, 465
29,735
84, 012
54, 285
29,727
84,304
54, 585
29, 719
85, 069
55, 208
29,861
85,828
55, 731
30, 097
85, 775
55, 756
30,019
85,314
55, 128
30, 186
86,247 '86,409
55,897 '56,141
30,350 '30,268
86, 926
56, 292
30,634
Book value (seasonally adjusted), totald*— do
By industry group:
Durable goods industries total 9
do
Stone, clay, and glass products
do
Primary metals
do
Blast furnaces, steel mills
_
do
Fabricated metal products
do
Machinery, except electrical
do
Electrical machinery
do
Transportation equipment
do
Motor vehicles and parts
do
Instruments and related products._do
By stage of fabri cation :d"
Materials and supplies 9
do
Primary metals
do
Machinery (elec. and nonelec.)---do
Transportation equipment
do
Work in process 9
do
Primary metals
do
Machinery (elec. andnonelec.).._do
Transportation equipment
do
Finished goods 9
do
Primary metals
do
Machinery (elec. and nonelec.)._.do
Transportation equipment
do
78, 125
82,819
81, 968
82,389
82,819
82,890
83,408
83,759
84,382
85,278
85, 582
85, 829
86,713 '87,109
87, 614
49, 797
1,907
7,226
4,039
5,415
10, 248
7,930
10, 762
3,706
1,863
53, 540
1,952
7,644
4,319
5,465
10, 905
8,157
12,679
3,827
2,013
52,867
1,948
7,582
4,245
5,454
10,832
8,167
12,273
3,706
1,988
53, 283
1,950
7,616
4,263
5,467
10,886
8,186
12, 498
3,806
1,997
53,540
1,952
7,644
4,319
5,465
10, 905
8,157
12, 679
3,827
2,013
53, 525
1,952
7,660
4,306
5,464
10, 784
8,180
12, 717
3,911
2,007
54,009
1,949
7,674
4,318
5,542
10,808
8,224
12,975
3,981
2,034
54,295
1,930
7,715
4,322
5,585
10,843
8,261
13, 108
4,073
2,044
54, 724
1,927
7, 724
4, 341
5,691
10, 954
8,291
13, 263
4,139
2,033
55, 234
1,940
7,657
4,302
5,823
11, 061
8,400
13,430
4,118
2,025
55, 442
1,957
7,506
4,109
5,963
11, 107
8,352
13,603
4,172
2,042
55, 461
1,997
7,255
3,831
6,077
11, 132
8,463
13,494
4,280
2,056
56,069
2,003
7,433
3,994
6,102
11,174
8,448
13,761
4,411
2,061
'56,458
'2,029
7,502
' 4, 065
' 6, 121
'11,213
' 8, 502
'13,889
' 4, 248
' 2, 067
56, 685
2,087
7,450
3,993
6,222
11, 153
8,520
13, 866
4,235
2,113
15,484
2,807
4,904
2,872
21, 976
2,412
8,581
6,764
12,337
2,007
4,693
1,126
15, 592
2,815
4,785
2, 968
24, 675
2,671
9,021
8,527
13,273
2,158
5,256
1,184
15, 446
2,810
4,757
2,904
24, 173
2,609
8,985
8,203
13,248
2,163
5,257
1,166
15, 532
2,809
4,792
2,954
24, 428
2,632
8,980
8,387
13,323
2,175
5,300
1,157
15, 592
2,815
4,785
2,968
24, 675
2,671
9,021
8,527
13, 273
2,158
5,256
1,184
15, 489
2,781
4,674
3,044
24, 641
2,643
9,068
8,481
13,395
2,236
5,222
1,192
15, 648
2,772
4,692
3,106
24,926
2,621
9,125
8,647
13,435
2,281
5,215
1,222
15,840
2,796
4,721
3,204
25, 078
2,629
9,183
8,714
13,377
2,290
5,200
1,190
16, 071
2,821
4,800
3,260
25, 214
2,621
9,210
8,801
13, 439
2,282
5,235
1,202
16,379
2,872
4,903
3,295
25, 392
2, 570
9,243
8,941
13,463
2,215
5,315
1,194
16, 498
2,832
4,876
3,379
25, 490
2,505
9,260
9,044
13, 454
2,169
5,323
1,180
16,753
2,833
4,907
3,450
25, 237
2,387
9,273
8,845
13, 471
2,035
5,415
1, 199
16,781
2,853
4,867
3,496
25,544
2,469
9, 311
8,981
13,744
2,111
5,444
1,284
'16,704
' 2, 876
'4,850
'3,436
'25,772
' 2, 486
'9,305
' 9, 128
'13,982
' 2, 140
' 5, 560
'1,325
16, 743
2,848
4,816
3,380
25, 814
2,462
9,297
9,150
14, 128
2, 140
5,560
1,336
< 28, 328
6,922
2,226
3,072
2,185
5,230
1,861
1,582
29,279
7,094
2,269
3,232
2,190
5,600
1,971
1,601
29, 101
7,047
2,221
3,183
2,212
5,520
1,944
1,588
29, 106
7,026
2,243
3,172
2,220
5,547
1,941
1,593
29, 279
7,094
2,269
3,232
2,190
5, 600
1,971
1,601
29,365
7, 122
2,292
3,297
2,202
5,576
1,978
1,596
29,399
7,128
2,263
3,338
2,234
5,574
1,956
1,611
29, 464
7,110
2, 248
3,389
2,236
5, 621
1,970
1,620
29, 658
7,081
2,251
3,393
2,261
5,651
1,955
1,668
30,044
7,226
2,261
3,406
2,284
5,698
1,981
1,674
30, 140
7,262
2,278
3,440
2,326
5,664
2,021
1,693
30, 368
7,376
2,276
3,392
2,338
5,708
2,047
1,704
30,644
7,434
2,259
3, 474
2,327
5,751
2,066
1, 748
'30, 651
' 7, 423
2,219
' 3, 477
' 2, 331
' 5, 793
' 2, 083
' 1, 733
30,929
7,494
2,207
3,470
2,357
5,872
2,113
1,733
11, 266
4,255
12,807
11,247
4,496
13,536
11,320
4,396
13,385
11,280
4,444
13,382
11,247
4,496
13, 536
11,306
4,482
13, 577
11, 249
4,497
13,653
11, 128
4,508
13,829
11, 228
4,522
13,909
11,312
4,604
14, 128
11,333
4,619
14, 188
11,366
4,682
14,320
11,508 '11,511 11, 561
4,729 ' 4, 679 4,749
14,407 '14,461 14, 619
8,441
10,823
18,316
4,552
6,467
29, 526
8, 589
11,297
20,955
4, 640
6, 445
30,893
8,620
11, 158
20, 560
4,492
6,368
30,770
8,624
11, 167
20, 750
4,605
6,411
30, 832
8,589
11, 297
20, 955
4,640
6,445
30,893
8,678
11,382
20, 808
4,715
6,479
30,828
8,701
11,392
20, 995
4,833
6,554
30,933
8,713
11,346
21, 089
4,907
6,559
31, 145
8,838
11, 360
21, 250
4,996
6,609
31,329
8,927
11, 514
21, 595
4,997
6,686
31, 559
8,853
11, 532
21, 769
5,042
6,754
31,632
8,932
11, 675
21, 604
5,167
6,887
31, 564
9,043
11,714
21,774
5,306
6,944
31,932
' 9, 206
'11,709
'21,988
' 5, 172
' 6, 969
'32,065
9,351
11, 766
21, 935
5,177
7,145
32, 240
4,145
8,476
4,333
10,307
4,322
10, 019
4,352
10, 139
4,333
10,307
4,371
10, 486
6,696
13, 589
4,369
10, 537
6,677
13, 663
4,359
10, 612
6,862
13, 759
4,386
10, 872
7,025
13, 873
4,344
10, 945
7,105
14,000
4,446
10, 958
6,987
13, 851
4,498 '4,643
11,146 '11,404
7,138 ' 7, 287
13,846 '13,873
4,670
11, 401
7,233
13, 850
46,738
24, 951
21, 787
48,449 '53,605
25,316 '29,052
23,133 '24,553
55, 027
30, 574
24, 453
Inventories, end of year or month:
Book value (unadjusted), total cf
Durable goods industries, total
Nondurable goods industries, total
Nondurable goods industries, total 9 --do
Food and kindred products
do
Tobacco products
do
Textile mill products
do
Paper and allied products
do
Chemicals and allied products
do
Petroleum and coal products
_do
Rubber and plastics products
do
By stage of fabrication:
Materials and supplies
do
Work in process
do
Finished goods
do
B y market category :
Home goods and apparel
_do
Consumer staples
do
Equip, and defense prod., excl. au"to_...do
Automotive equipment
do
Construction materials and supplies
do
Other materials and supplies.
do _
Supplementary market categories:
Consumer durables
do
Defense products (old series)
do
Defense products*
do
Machinery and equipment
__
do
4,908
4,865
4,519 ' 4, 551
9,549
9,862
9,831 ' 9, 905
7,803
8,277
8,015 '8,234
4,401 ' 4, 430 ' 4, 559 ' 4, 771
3,972
4,052
3,998 ' 4, 248
20, 096 19,939 18,903 '19,732
4,555
10, 116
8,488
4,960
4,283
20,188
12,832
13,689
13, 549
13, 646
13, 689
4,374
10, 308
6,686
13, 565
New orders, net (not seas, adj ) totaled
Durable goods industries, total....
Nondurable goods industries, total
do
do
do
551, 250
308,504
242, 746
551, 138
302, 265
248,873
47, 248
25, 518
21, 730
46, 311
24, 920
21, 391
47, 838
27, M5
20, 293
46, 227
25,930
20, 297
49, 538
27, 593
21, 945
51,879
29, 706
22, 173
50, 453
28, 172
22,281
49, 511
27, 179
22,332
52, 469
28,866
23, 603
New orders, net (seas, adj.), totals
By industry group:
Durable goods industries, total 9
Primary metals
Blast furnaces, steel mills...
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Aircraft, missiles, and parts
do
1551,250
1551,138
46,655
47,320
49, 463
48,353
48, 453
49,566
49,237
49, 650
49, 850 '50,181 '50,201 '51,877
53,932
do
do
do_
do
do _
do
do
do
308, 504
50, 796
25, 075
32, 146
50, 205
42, 909
79,414
25, 790
302, 265
45,393
23,037
32, 557
51,714
41, 749
76,849
28,620
25, 679
3,848
2,080
2,821
4,355
3,700
6,312
2,708
25, 852
4,094
2,229
2,820
4,497
3,265
6,481
2,610
28, 056
4,313
2,418
3,335
4,604
3,698
7,277
3,046
26, 837
4,424
2,526
2,798
4,591
3,261
6,919
2,494
26,814
4,364
2,401
2,719
4, 541
3,642
6,662
2,464
28, 005
4,244
2,262
2,775
4,464
3,530
8,089
3,781
27, 373
4,244
2,396
2,819
4,658
3,366
7,326
3, 173
27, 172
3,900
2, 014
2,941
4,665
3,313
7,343
2,903
26,701 '26,925 '27,329
3,491
3,859
3,867
1,400
1,791
1,755
2,917
2,824
2,755
4,766
4,810
4,923
3,501
3,476
3,725
6,259 ' 6, 749 ' 7, 479
2,492
2,396
1,616
'28,381
'4,092
'1,682
' 3, 103
' 5, 184
'3,668
' 6, 996
'2,098
30,310
4,418
2, 020
3,305
5,387
3,743
7,735
2,702
242,746
65, 113
177,633
248,873
66,285
182, 588
20,976
5,645
15,331
21, 468
5,772
15,696
21, 407
5,893
15, 514
21, 516
5,930
15, 586
21, 639
5,979
15, 660
21, 561
5,887
15, 674
21,864
6,041
15,823
22,478
6, 134
16, 344
23, 149
6,271
16, 878
23,256
6,304
16,952
22,872 '23,496
5,953 '6,434
16,919 '17,062
23, 622
6,438
17, 184
153,236
1101,749
183,013
152,746
144,264
1217,242
150,966
1106,416
186,057
148,306
144,019
1215,374
4,229
8,995
7,827
3,548
3,801
18,255
4,272
9,190
7,354
3,880
3,831
18,793
4,429
9,133
8,330
4,254
4,392
18,925
4,495
9,103
7,320
4,454
3,655
19,326
4,564
9,091
7,624
4,231
3,826
19, 117
4,449
9, 101
8,943
4,299
3,866
18,908
4,512
9,151
8,284
4,241
3,989
19, 060
4,737
9,351
7,909
4,554
4,090
19,009
5,089
9,568
7,579
4,408
4,080
19, 126
4,838
9,874
7,888
'4,431
3,956
19, 194
4,460
9,827
8,142
'4,649
4,135
18,988
' 4, 601
' 9, 931
'8,495
' 4, 984
' 4, 480
'19,386
4,575
10,099
9,539
4,723
4,511
20, 485
122,728
139,263
123,257
142,473
2,019
3,975
1,991
3,636
2,036
4,356
1,955
3,506
Ifi3 914
* 914
2,207
2,963
2,059
K 40*
K 4Aft
1,962
4, Oil
2,268
n AAI
2,034
3,666
1,914
* Q79
1,994
5, 073
1,311
1,944
4,428
1,466
Ifi9 QQQ
2,085
3,861
1,595
1,884
3,913
2,355
fi.027
' 2, 033
'3,554
' 1, 919
' 5. 916
2,030
4,363
2,384
6.517
Nondurable goods industries, total .
do
Industries with unfilled orderse... .. do
Industries without unfilled ordersf
do
By market category:
Home goods and apparel
do
Consumer staples
" " do
Equip, and defense prod., excl. auto
do
Automotive equipment
do
Construction materials and" supplies
do
Other materials and supplies.
do""
Supplementary market categories:
Consumer durables.
do
Defense products (old series).
do
Defense products*
.".."
do~~~".
Machinery and eauipment___
Ho
o™5c?vise,d/
Based on data not seasonally adjusted.
2 Advance estimate.
cfSee
corresponamg notion p. S-5.
*New series; see corresponding note on p. S-7.
9 Includes
™™; ™l13^ ?$ shown separately.
e Includes textile mill products, leather and products,
paper and allied products, and printing and publishing industries; unfilled orders for other
K QCn
* QfiO
* 4Q9
R Qfi«
R 714
nondurable goods industries are zero.
, , , ,
HFor these industries (food and kindred products, tobacco products, apparel and related
products, petroleum and coal products, chemicals and allied products, and rubber and plastics
products) sales are considered equal to new orders.
« Corrected.
SURVEY OF CURRENT BUSINESS
December 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1968
1967
Oct.
Annual
S-7
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS^— Continued
Unfilled orders, end of year or month (unadjusted),
totalf
mil. $.
Durable goods industries, total
do
Nondur. goods ind. with unfilled orders©— .do
82,072
79, 114
2,958
79,903
76, 895
3,008
82,499
79,480
3,019
Unfilled orders, end of year or month (seasonally
adjusted), totalf
..mil. $_. 81,072
By industry group:
77,987
Durable goods industries, total 9
.-- do _
Primary metals
do
7,501
3,445
Blast furnaces, steel mills
do
7,819
Fabricated metal products
do
Machinery, except electrical
do
14,919
12, 942
Electrical machinery
_.
do
Transportation equipment
_ __ do
29, 027
Aircraft, missiles, and parts
do
22,465
83,686
81,819
82, 184
83,686 83, 592
80, 578
7,019
3,644
8,976
14, 551
13,235
31,031
25,682
78,818
6,580
3,225
8,278
14, 636
13, 465
30, 129
24,784
79, 132
6,733
3,366
8,427
14, 640
13, 161
30, 440
25, 070
80, 578
7,019
3,644
8,976
14, 551
13,235
31, 031
25, 682
80, 490
7,431
4,056
8,885
14, 503
12, 940
31,047
25, 698
3,085
3,108
3,001
3,052
3,108
3, 102
3,096
3,055
2,372
42,859
8,171
27,670
2, 125
44,304
9,313
27,944
2,159
43,617
8,634
27,409
2,134
43,669
8,767
27, 614
2,125
44,304
9,313
27, 944
2,024
43,970
9,162
28, 436
2,085
43,853
9,047
28,704
1,917
28, 680
1,698
31, 888
1,716
31, 163
1,703
31, 228
1,698
31, 888
21,968
21,243
21,430
21,367
21, 243
1,609
31, 622
22,289
21, 149
200, 010
206, 569
17,233
18,000
16,065
18, 403
17, 525
18, 168
13, 061
1,368
2,510
1,852
6,076
1, 255
12,364
1,329
2,261
1,832
5,696
1,246
949
108
197
130
426
88
881
102
166
133
393
87
831
104
158
133
347
89
thous. $_. 1,385,659
do
185, 202
do
326, 376
do
352, 861
do
344, 346
do
176,874
1,265,227
144, 965
323, 680
325,869
334, 279
136,434
81, 633
11, 052
14, 192
14, 705
33, 652
8,032
249.0
47.4
Nondur. goods ind. with unfilled orders©— -do
By market category:
Home goods, apparel, consumer staples... do
Equip, and defense prod,, incl. auto
do
Construction materials and supplies..
do____
Other materials and supplies
do
Supplementary market categories:
Consumer durables
do
Defense products (old series)
do
Defense products*
do
Machinery and'equipment—
do
BUSINESS INCORPORATIONS c?
New incorporations (50 States and Dist. Col;}:
Unadjusted
number
Seasonally adjusted
do
INDUSTRIAL AND COMMERCIAL
FAILURES d1
Failures, total
number
Commercial service
do
Construction
do
Manufacturing and mining
do Retail trade
do
Wholesale trade
do
Liabilities (current), total
Commercial service
_
Construction..
_
Manufacturing and mining
Retail trade.
Wholesale trade
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns. _
251.6
81, 584
78, 579
3,005
82,499
79,480
3,019
83,305 83,867
80, 273 80, 796
3,032 3,071
43.2
83,700 '84,358
80,667 '81,318
3,033 '3,040
85, 218
82, 194
3,024
82,806
83, 184 '83,617
84,958
79,684
5,704
2,645
8,752
14, 408
12,803
32,368
26, 922
80, 177
5,533
2,529
8,870
14, 321
12,801
32,941
27,012
85, 640
82, 550
3,090
83,689
84,809
85, 291
84,927
84, 048
80, 593
7,739
4,299
8,815
14,397
13, 022
31, 006
25, 755
81,754 82,239
7,864
7,845
4,396 4,598
8,777 8,782
14, 183 14,156
12, 974 12,867
32, 349 32, 986
27, 014 27, 697
81,902
7,322
4,324
8,882
14, 164
12,705
33,309
28, 140
80,970
6,586
3,575
8,895
14, 225
12, 829
32, 767
27,288
3,052
3,025
3,078
3,122
2,104
45, 104
8,997
28, 604
2,053
45,657
8,998
28, 583
1,970
45,755
9,122
28, 080
2, 170
45, 538
9,230
27, 110
2,154
45, 151
9,133
26, 368
1,669
31, 784
21,822
20,969
1,666
33,019
21, 083
20, 784
1,609
33,728
20, 622
20, 643
1,536
33,976
20,941
20, 512
1,720
33, 151
21, 095
20,823
1,650 ' 1, 692
1,700
1,705
32, 690 32,860 '32,577 32,874
20,792 21,324 21,358 21, 672
20,951 21,295 '21,287 21,896
20, 438
17, 223
17,910
18, 014
19,520
17,974
19,641
18, 659
19,940
18, 796
18, 670
19, 197
19,733
19,530
19,052
20,053
19, 015
21,237
21,636
21, 721
844
90
159
149
354
92
832
85
129
142
388
88
1,021
119
188
143
472
99
1,003
133
152
153
454
111
909
92
168
150
393
106
751
92
140
128
317
74
810
88
134
119
380
89
734
87
129
105
344
69
705
68
112
126
320
79
768
92
151
111
347
67
88,593 80, 107
10,738
7,971
16, 924 10,483
24, 110 22, 662
25,486 23, 277
11, 335 15, 714
91,411
4,618
17, 397
33, 120
23, 345
12,931
74, 657
6,885
25, 378
15, 368
14, 415
12, 611
90,269
9,942
31, 275
20, 589
19, 740
8,723
65, 766
6,525
14, 595
22, 113
14, 098
8,435
58,651
5,857
15, 703
15, 951
13, 721
7,419
65, 384
6,631
18, 001
13, 512
17, 594
9,646
69,977 195, 448 104, 491 79, 602
7,025 45, 725
7,398 6,913
15,780 97,868 23, 366 19, 786
20, 678 25,988 31, 131 24, 377
19,110 16,380 20,339 19, 048
7,384 9,487 22,257 9,478
42.2
83,861 83,220
80,706 80, 044
3,155 3,176
85,255
82, 212
3,043
38.2
37.5
84, 555
81, 446
3,109
'80,572
' 5, 662
2,585
'9,115
'14,430
'12,923
'32,709
'26,604
3,007 '3,045
2,091
45,368
9,270
26,455
81,889
5,841
2,771
9,410
14, 641
13, 136
32, 851
26, 625
3,069
' 2, 165 2,168
'45,843 46, 658
'9,504 9,732
'26,105 26,400
44.3
43.5
40.9
36.9
41.0
36.5
40.3
37.5
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
Prices received, all farm products!
1910-14= 100. _
Crops?
_
do
Commercial vegetables
do
Cotton
do
Feed grains and hay
do
Food grains
do
Fruit
do
Tobacco..
._
do
Livestock and products 9
do
Dairy products
do
Meat animals.
do
Poultry and eggs
do
Prices paid:
All commodities and services..
do
Family living items
"do
Production items ...
do
All commodities and services, interest, taxes, and
wage rates (parity index)..
1910-14=100..
Parity ratio §..:
do
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Unadjusted indexes:
All items
1957-59—100
Special group indexes:
All items less shelter
do
All items less food...
do
All items less medical care
do
Commodities
do
Nondurables
do
Nondurables less food
do
Durables9
do
New cars...
_
do
Used cars
do
267
237
252
225
260
230
160
173
264
539
276
320
331
122
251
253
254
230
351
189
162
170
270
558
275
318
324
132
259
232
365
166
164
167
298
563
282
305
348
127
260
235
333
179
166
167
303
563
281
305
348
124
229
292
176
163
156
302
563
285
300
354
134
221
288
170
157
150
266
563
294
307
364
142
261
226
270
219
147
149
308
576
291
315
353
144
267
230
272
222
151
150
347
577
299
329
352
165
262
228
275
224
148
155
326
570
291
335
340
148
262
231
299
233
160
169
277
551
272
319
318
130
258
229
348
164
165
173
294
560
282
308
345
132
260
228
284
257
154
168
249
557
270
322
317
123
257
228
342
168
165
173
273
560
282
314
342
131
259
285
215
180
185
258
552
292
294
356
161
253
224
284
191
174
177
225
555
277
305
336
132
297
315
285
302
321
287
303
325
287
302
325
286
303
325
287
304
327
288
306
329
290
307
330
291
309
333
292
310
335
293
311
335
293
311
336
293
310
337
291
311
338
292
312
339
292
314
341
294
334
80
342
74
344
73
343
73
344
74
346
74
348
74
350
74
353
73
354
73
354
73
355
73
354
74
355
75
358
73
359
73
113.1
116.3
117.5
117.8
118.2
118.6
119.0
119.5
119. 9
120.3
120.9
121.5
121.9
122.2
122.9
112.9
115.9
117.1 117.5
117.7
118.2
116.8
113.0
118.9
118.7
116.2
112.3
115.0
116.8
116.5
112.4
109.2
111.2
112.9
112.6
111.8
114.0
115.1 115.3
115.6
113. 1 114.5
109.7
115.2
115.2
102.7
104.3
105.7
106.1
106.0
97.2
101.1 101.4
98.1
101.3
126.0
117.8
121.5
125.6
124.8
evised
n 'J
* Advance estimate.
2 Based on tinadjuste
i
d data.
11 See ntote marlsed
& on p. S-5.
© See corresponding note on D S-6.
? Includes data for items not
shown separately.
*New series. Based on separat e reports on defens B work fi,led by la rge
defense contractors in ordnance, communications, complete ai rcraft, air 3raft part s, and silipbuilding industries. It differs from the old series in 1,hat it includes deft;nse acthrity in siupbuilding and excludes nondefense work in ordnance, communi cations, c omplete ilircraft, imd
227
318
204
156
159
279
570
292
340
337
154
122.2
121.2
118.2
118.5
120.8
121.5
119. 1 119.6
120.0
120.4
123.8
122.6
119.7
120.2
122.1
123.0
119.3
121.0
121.6
120.6
121.5
120.5
117.6
117.3
118.1
120.1
120.8
119.5
118.5
118.9
116.8
115.9
113.2
113.5
113.9
115.5
116.1
114.3
114.7
115.1
120.2
119.2
116.0
116.4
119.6
116.9
118.2
118.7
117.3
117.8
119.7
115.1
117.6
118.1
118.9
115.6
117.5
116.1
116.4
117.0
108.5
107.6
107.7
107.6
106.3 106.4
107.4
106.6
106.9
106.9
102.8
98.4
101.0
99.1
100. 8
99.8
100.6
100.3
100.1
100.3
123.6
126.7
125.8
126.3
126.7
aircrai t parts. Further details a ppear in the Aug. 1968 issue of the Census Bureau Current
Indus ;rial Rep ort, Seri BS: M3-1
cf C ompiled by Dun & Brad street, Iric. (failures data are for 48 States a nd Dist. Col.),
JRe visions f or Jan. L964-Mar . 1967 (b ack to Jan. 1959 for all f arm products, all crops,
commercial vegetables, and fru it) are a vailable from the Dept. o f AgricuLture, Statistical
f Ratio c f prices received to prices paid (p arity ind ex).
Repoi ting Senrice.
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
December 1968
1967
Annual
Oct.
Nov.
1968
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.2'
COMMODITY PRICES—Continued
CONSUMER PRICES— Continued
(U.S. Department of Labor Indexes— Continued)
Unadjusted indexes— Continued
Special group indexes— Continued
Commodities less food.. _ _
1957-59=100.
Services
do
Services less rent
_
do
Food 9
_
do _
Meats, poultry, and
fish
do
Dairy products
do
Fruits and vegetables __ _
do
Housing
_ _
_ do _
Shelter9
do
Rent
do
Homeownership
._
__ __do_ _
Fuel and utilities 9
do _
Fuel oil and coal
do
Gas and electricity
do
Household furnishings and operation do
Apparel and upkeep
-do
Transportation
__ do__
Private
do
Public .
_ _
do
Health and recreation 9 _
do
Medical care ___ _
_ _
__ do
Personal care
__do
Reading and recreation
do
Seasonally adjusted indexes:
Food
do
Apparel and upkeep
do
Transportation
do
WHOLESALE PRICES^1
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:
22 Commodities
1957-59=100
9 Foodstuffs
do
13 Raw industrials
do
A.11 commodities
do
By stage of processing:
Crude materials for further processing do _ _
Intermediate materials, supplies, etc
do
Finished goods O
_
do __.
By durability of product:
Durable goods
_
_ do
Nondurable goods
_ _ _ _ _ _ _ _do _ _
Total manufactures
_do ___
Durable manufactures
do__
Nondurable manufactures
_
do
Farm prod., processed foods and feeds _ _do _
106.5
122.3
125.0
114.2
114.1
111.8
117.6
111.1
114.1
110.4
115.7
107.7
108.3
108.1
105.0
109.6
112.7
111.0
125.8
119.0
127.7
112. 2
117.1
109.2
127. 7
131.1
115.2
111.2
116.7
117. 5
114.3
117.9
112.4
120.2
109.0
111.6
108. 5
108.2
114.0
115.9
113.9
132.1
123.8
136.7
115. 5
120.1
110.6
129.1
132.7
115.7
112.3
117.9
115.3
115.3
119.0
113.0
121.5
109.4
112.5
108.9
109.1
116.0
117.7
115.7
133.0
125.5
139.0
116.5
121.4
111.1
129.6
133.2
115.6
111.4
117.8
116.7
115.5
119.4
113.2
121.9
109.3
112.7
109.0
109.3
116.6
118.3
116.2
134.6
126.2
139.7
116.9
122.0
111.1
130.1
133.8
116.2
111.2
118.1
119.6
116.0
119.9
113.5
122.6
109.3
113.1
108.7
109.7
116.8
117.9
115.8
134.9
126.6
140.4
117.2
122.2
111.2
130.8
134.6
117.0
111.6
118.5
124.1
116.4
120.2
113.7
122.9
109.5
113.7
108.9
110.6
115.9
118.7
116.6
135.5
127.1
141.2
117.6
122.7
111.5
131.3
135.2
117.4
112.0
118.5
124.9
116.9
120.8
113.9
123.5
109.8
113.8
109.3
111.2
116.6
118.6
116.4
136.2
127.5
141.9
117.6
123.0
111.9
132.1
136.1
117.9
113.1
118.7
126.1
117.2
121.0
114.2
123.8
109.9
113.9
109.3
111.8
117.6
119.0
116.7
137.1
128.3
142.9
118.4
124.2
112.2
132.5
136.6
118.3
112.7
118.8
128.3
117.5
121.3
114.4
124.0
110.0
114.0
109.5
112.2
118. 4
119.0
116.8
137.2
128.8
143.5
119.0
124.9
112.5
133.0
137.1
118.8
113.0
120.2
130. 7
117.8
121.6
114.6
124.3
110.3
115.3
109.5
112.5
119.5
119.1
116.8
137.3
129.2
144.0
119.6
125.3
113.0
133. 9
138.1
119.1
113.2
120.9
130.0
118.7
122.9
114.9
126.1
110.3
115.4
109.4
112.9
119.9
119.7
117.4
138.4
129.7
144.4
120.1
125.6
113.2
134.9
139.3
120.0
114.0
121.0
132.2
119.5
124.2
115.1
127.8
110.6
115.7
109.5
113.1
119.7
119.8
117.6
138.5
130.2
145.1
120.4
125.9
113.5
135.5
140.0
120.5
115.3
121.5
128.2
120.1
125.0
115.4
128.8
110.7
115.7
109.7
113.3
120.3
120.0
117.7
138. 6
130.5
145.5
120.9
126.3
113.9
136.0
140.5
120.4
115.5
121.6
122.9
120.4
125.3
115.7
129.1
110.5
115.8
109.3
113.9
122.2
119.5
117.2
138.7
131.1
146.4
121.5
126.7
114.7
136.6
141.2
120.9
115.4
122.3
123.4
120.9
126.0
116.0
130.0
110.4
115.9
109.1
114.2
123.3
120.6
118.4
138.7
131.9
147.4
122.1
127.5
115.8
115.4
117.3
116.1
115.9
117.8
116.4
116.2
117.7
117.2
116.6
118.5
117.4
117.1
119.1
118.1
117.8
119.5
118.7
118.5
119.1
119.4
119.3
119.2
119.2
119.9
119.8
119.0
120.3
119.6
119.7
121.0
120.0
120.0
122.1
119.7
120.9
122.7
120.4
96.4
92.2
99.5
97.0
92.7
100.1
96.0
92.8
98.3
94.8
92.9
96.1
94.2
92.2
95.6
93.5
92.3
94.4
93.7
92.2
94.9
94.5
92.2
96.1
95.2
92.0
97.5
98.1
95.1
100.3
109.5
i 109. 5
U01.9
U15.2
^S.l
i 94. 7
i 100. 4
95.0
91.2
97.7
95.1
89.5
99.1
96.2
90.7
100.1
96.1
Q0.9
99.8
105.9
106.1
106.1
106.2
106.8
107.2
108.0
108.2
108.3
108.5
108.7
109.1
108.7
109.1
109.1
99.1
106.9
109.7
100.9
107.6
110.2
101.6
107.7
110. 4
101.4
107.9
110.5
102.0
107.7
110.9
101.4
107.8
111.3
102.6
107.9
111.9
100.8
107.9
111.4
100.9
108.3
112.0
100.2
108.5
112.0
112.8
106.5
110.0
113.1
107.0
105.3
104.8
106.9
99.6
105.6
108.2
97.9
105.7
108.6
96.5
106.1
108.9
98.6
106.5
109.3
106.0
105.6
105.7
106.0
105.3
108.0
104.7
106. 7
108.2
105. 3
108.8
104.2
107.1
109.0
105.3
109.3
104.0
107.3
109.4
105.2
109.6
104.8
107.6
109.7
105.6
110.3
105.0
108.1
110.4
105.9
111.0
105.9
108.7
111.1
106.4
111.4
105.9
108.9
111.5
106.3
111.5
106.0
109.1
111.8
106.4
111.2
106.5
109.1
111.5
106.7
111.3
106.7
109.4
111.6
107.2
111.3
107.4
109.7
111.7
107.7
111.6
106.6
109.5
111.9
107.2
112.0
107.0
109.9
112.3
107.4
108.9
105.2
104.1
103.4
104. 8
105.3
106.8
106.9
106.8
107.9
108.0
109.4
107.7
108.6
103.9
108.2
80.0
93.8
109.5
101. 4
97.4
75.1
87.8
106.2
102.8 ' 101. 2
99.8
97.6
76.5
78.7
79.3
84.8
104. 1
106.0
103.1
r
107. 4
108. 3
Farm products 9
do
Fruits and vegetables, fresh and dried-do
Grains. _ _
___
_ _ ___
do
Live poultry
do
Livestock
do
105.6
102.5
97.3
91.4
110.0
99.7
101.6
92.2
82.2
101.1
97.1
91.6
86.6
73.8
101.8
96.4
102.9
81.3
65.6
96.2
98.9
105.0
85.4
68.2
97.6
99.0
108.1
85.0
78.2
98.7
101.3
112.5
86.3
87.0
102.7
102.1
114.5
85.1
81.4
105.7
102.1
112.0
84.7
81.1
105.2
103.6
123.6
86.4
85.4
105.4
102.5
106.4
82.0
89.6
106.2
Foods and feeds, processed 9
Beverages and beverage materials
Cereal and bakery products
Dairy products
Fruits and vegetables, processed
Meats, poultry, and fish _ _ _ _.
113.0
105.8
115.4
118.5
104.8
110.2
111.7
106.5
117.1
122.0
107.2
105.0
111.7
107.3
116.8
123.0
109.3
104.7
110.9
107.4
117.0
123.0
112.0
102.2
111.5
107.7
116.9
124.1
113.1
103.2
112.4
107.9
117.1
123.8
113.7
105.5
113.3
108.6
117.4
124.0
113.8
107.6
112.9
108.9
117.4
123.3
114.4
107.0
112. 8
109.5
117.3
125.9
114.6
105.8
113.6
109.4
117.1
128.9
114.6
107.0
114.6
109.4
117.0
128.7
114.8
109.8
115.9
109.5
118.4
128.8
114.7
113.6
114. 9
109.8
119.3
128.8
113.6
109.7
115. 3 ' 114. 4
110.0
110.5
119.0
119.4
129.1
130.1
113.6
114.0
111.2
106.9
114.7
do
104.7
106.3
106.8
107.1
107.4
107.8
108.3
108.6
108.8
108.6
108.8
108.8
108.9
109.2 ' 109. 7
109.8
do
do
do
do _
do. _
do
97.8
102.8
95.7
94.5
102.8
106.8
98.4
103.6
97.4
94.0
81.3
109.3
98.2
101.6
98.3
93.6
78.5
109.9
98.2
101.7
98.3
93.7
77.9
109.9
98.4
102.2
98.3
93.8
77.2
112.2
98.2
99.5
98.5
92.9
76.4
113.2
98.1
100.6
98.5
93.0
76.7
113.2
98.6
101.2
98.7
93.4
80.0
114.1
98.8
101. 6
98.8
93.4
80.9
114.4
98.7
101.6
99.0
93.4
78.4
114.4
98.5
101.3
98.6
93.5
72.8
114.4
98.2
101.3
98.2
93.4
69.1
114.4
98.1
99.4
98.4
93.2
71.2
114.4
97.9
98.7
97.9
93.0
68.5
115.2
97.8
98.1
98.0
93.3
69.9
115.2
Fuels and related prod., and power 9
do
Coal...
do
Electric power.
Jan. 1958 =100- _
Gas fuels
do
Petroleum products, refined
1957-59=100__
101.3
98.6
100.3
129.3
99.5
103.6
103.2
100.7
133.6
102.2
103.0
103.8
100.8
132.7
101.0
102.8
104.8
100.9
132.8
100.4
102.6
104.9
100.9
133.1
99.9
101.8
105.0
101.0
130.0
98.8
102.5
105.0
101.1
133.3
99.5
102.0
105.5
101.2
126.5
99.5
102.4
105.4
101.3
125.0
100.3
102.4
105.2
101.3
123.6
100. 5
103.7
105.3
101.3
123.3
103.1
103.3
105.4
101.2
120.8
102.8
102.6
105.5
101.8
120.6
101.0
102.5
105.8
101.8
120.8
100.9
101.9
108.3
101.9
120.4
99.3
Furniture and household durables 9
Appliances, household
Furniture, household __
_
Home electronic equipment
do
do
do
do
99.1
89.1
109.1
83.6
101.0
90.1
112.8
82.5
101.7
90.5
113.4
82.1
102.0
90.8
114.3
82.2
102.1
90.9
114.3
81.8
103.0
91.1
115.2
81.7
103.3
91.6
115.7
81.7
103.6
91.9
116.0
81.6
103.8
92.2
116.2
81.8
104.0
92.2
116.9
81.8
103.9
92.0
117.0
81.3
104.1
92.4
117.2
80.7
104.2
92.5
117.5
80.7
104.4
92.6
117.8
80.7
104.5
92.7
118.5
80.2
Hides, skins, and leather products 9
Footwear
Hides and skins.
Leather _
_
Lumber and wood products
Lumber
do
do
do
do
do
do
119.7
118.2
140.8
121.1
105. 6
108.5
115.8
122.1
94.0
110.5
105. 4
108.4
114.8
123.6
86.8
104.7
107.3
111.2
115.4
123.7
90.4
106.5
106.7
110.9
116.0
124.3
89.7
109.1
107.6
111.8
116.5
125.6
87.3
108.6
108.6
114.0
116.7
125.5
89.5
108.9
111.6
117.1
117.9
125.6
99.3
110.3
113.9
120.3
118.3
126.6
95.6
111.5
115.8
123.6
118.8
127.0
98.2
112.5
117.0
125.3
118.7
127.1
95.1
112.8
117.2
125.0
119.5
127.3
101.5
113.8
119.2
127.7
119.5
127.2
102.8
113.6
120.5
129.8
120.7
128.8
106.6
114.1
122.6
131.5
122.3
131.3
105.6
115.1
124.9
133.4
115.4
127.0
129.0
102.9
129.3
115.8
127.7
130.3
103.1
129.7
116.1
127.8
131.5
103.2
130.0
do
do _
do
do
do _ _ _
_do_ _
Industrial commodities
Chemicals and allied products 9
Agric. chemicals and chem. prod
Chemicals, industrial _ _
Drugs and Pharmaceuticals. __ _
Fats and oils, inedible
_ __ __
Prepared paint
__
113.2
112.2
112.6
Machinery and equipment 9
do
108.2
111.8
118.5
124.9
122.3
123.8
Agricultural machinery and eouiD
do
122.3
126.3
118.9
125.3
Construction machinery and equip
do
122.7
124.3
102.3
101.6
Electrical machinery and equip
do
99.0
101.8
101.5
125.4
Metalworking machinery and equip
do
125.8
124.6
123.8
118.8
/ Revised.
* Preliminary.
1 Computed by OBE.
9 Includes data for items not
shown separately.
cf For actual wholesale prices of individual commodities, see respective
114.1
113.9
125.8
125.8
127.7
127.2
102.7
102.7
126.6
126.1
commodities.
115.2
115.0
114.3
114.8
115.0
126.8
126.5
126.1
126. 2
126.3
129.2
129.4
129.4
128.3
128.9
102.7
102.7
102.6
103.0
102.9
129.1
128.2
128.0
127.3
127.6
O Goods to users, incl. raw foods and fuels.
SURVEY OF CURRENT BUSINESS
December 1968
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
1967
1967
Annual
S-9
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
June
July
Aug.
Sept.
Oct.
111.7
94.7
104.9
124.1
111.7
95.3
104.8
123.6
111.4
95.3
104.8
122.3
111.3
95.4
104.8
121.7
112.2
95.5
106.7
121.5
112.5
95.6
106.7
121.9
May
Nov.
COMMODITY PRICES—Continued
WHOLESALE PRICESd*— Continued
(U.S. Department of Labor Indexes — Continued)
All commodities— Continued
Industrial commodities— Continued
Metals and metal products 9
1957-59=100Heating equipment
do
Iron and steel
do
Nonferrous metals
___ ___
.do
108.3
92.5
102.3
120.9
109.6
92.6
103.5
120.9
109.9
92.9
103.8
121.1
111.0
93.3
104.2
124.7
111.4
93.4
104.6
125.7
112.2
93.1
105.4
127.4
Nonmetallic mineral products 9
-- do
Clay prod., structural, excl. refractories
do
Concrete products _
do
Gypsum products
_ __ _
do_ _
Pulp, paper, and allied products
do
Paper _
do
Rubber and products
_ do.
Tires and tubes
do
102.6
104.3
104.9
105. 1
105.3
106.0
106.9
107.3
107.4
107.8
108.3
108.4
108.7
108. 7
108.9
108.4
103.0
102.4
102.6
107.3
94.8
93.3
110.1
105.3
102.4
104.0
110.0
97.0
96.2
110.7
105.9
103.9
104.3
111.2
98.8
98.7
111.1
105.6
103.9
104.6
111.2
99.1
98.7
111.6
105.8
103.9
104.8
111.2
99.2
98.7
111.8
106.5
103.9
105.2
111.2
99.5
98.7
111.9
106.8
105.1
105.7
111.9
99.5
98.7
112.0
107.0
105.1
105.2
111.9
99.7
98.7
112.1
107.5
105.1
105.2
112.1
99.7
98.7
112.5
107.6
105.1
105.5
113.5
99.8
98.7
112.3
108.2
105.1
104.7
112.7
99.9
98.7
112.5
108.1
105.0
104.9
113.0
100.7
100.9
113.7
108.5
106.6
104.9
113.0
100.6
99.5
113.7
108.6
106.6
105.1
113.1
100.7
99.5
114.2
109.1
106.2
105 2
113.1
101.0
99 5
Textile products and apparel 9 — Apparel
Cotton products.
Manmade fiber textile products
Silk yarns
__ _
Wool products
102.1
105.0
102.5
89.5
153. 6
106.0
102.1
106.9
100.7
86.8
171.9
103.2
102. 2
107.5
99.1
86.9
179.5
102.8
103.0
108.0
101.2
88.1
183.9
102.2
103.8
108.1
104.2
88.6
189.7
102. 2
104.3
108.3
105.2
89.3
196. 8
102.3
104.6
108.8
105.0
89.6
197.2
102.8
104.6
109.1
105.0
89.3
196.3
103.1
104. 7
109.3
105.2
89.3
189.7
103. 0
104.8
109.4
104.9
89.7
183.8
103.5
105.2
110.1
104.7
89.9
184.0
103.8
105.8
110.7
105.2
90.4
182.5
103.9
106.0
110.9
105. 3
90.7
175.1
104.1
106.5
111.0
105.4
92.5
177.5
104.1
107.0
111.7
105.3
92 7
175.5
104.7
100.8
106 8
104.1
109 6
102.1
109.2
105.6
112.9
103.7
110.5
106.3
114.8
104.0
110.6
106.3
114.8
104.0
110.7
106.4
114.8
104.3
111.0
106.7
114.8
104.3
111.3
106.6
114.8
104.3
111.5
107.4
114.9
104.3
111.8
108.1
114.9
104.2
111.8
108.2
114.9
104.5
111.8
108.2
114.9
104.2
111.5
108.7
114.9
104.4
111.6
108.9
114.9
104.1
111.9
109.0
114.9
106.5
112.0
109. 1
115 0
$0. 945
.884
$0. 943
.860
$0. 943
.851
$0. 942
.849
$0. 936
.846
$0. 933
.843
$0.926
.840
$0. 924
.837
$0. 923
.834
$0. 922
.831
$0. 920
.827
$0. 917
.823
$0. 920
820
$0.917
.818
$0. 917
814
do
do_ _.
_ _do
do
do
do___
Transportation equipment 9
do
Motor vehicles and equipment- ._ __ do
Miscellaneous products 9 _
_
_do
Toys, sporting goods, etc
_ _ _ do
Tobacco products
do
113.3
93.8
105. 7
131.1
113.8
94.3
105.4
133.2
113.3
94.5
105.0
131.0
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
_
1957-59=$!. 00
do
$0. 913
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE t
75, 120
76, 160
7,242
6 951
6 407
5,605
5,219
5,956
6,729
7,250
7,565
7,825
8,102
' 8, 104
8,121
Private, total 9
do
Residential (nonfarm)
do
New housing units
do
Nonresidential buildings, except farm and public utilities, total 9
mil $
Industrial..
do
Commercial.. _
do
Farm construction _ _
do
Public utilities:
Telephone and telegraph.
do
51 120
23, 971
17, 964
50 587
23, 736
17, 885
4 874
2 375
1,848
4 763
2 340
1,857
4 441
2 191
1,742
3,819
1,859
1,465
3 586
1,655
1,305
3,982
1,885
1,472
4,456
2,205
1,710
4,752
2,427
1,891
4,914
2,579
2,015
5 068
2,687
2, 075
5,318
2,770
2,123
T
5, 343
2,759
2,138
5,379
2, 695
2, 130
18, 595
6,679
6,879
1,245
18 106
6,131
6,982
1,324
1 664
545
662
1 616
493
676
1 492
521
573
],342
431
525
1 323
397
542
1,428
428
587
1 538
441
676
1 562
448
684
1,523
429
689
1,535
417
721
1,690
485
782
r
1, 716
'508
'793
1,781
541
799
1,609
1,638
148
150
146
104
120
140
119
132
141
156
Public, total 9
24, 000
25 573
2 368
2 188
1 966
1 786
1 633
1 974
2 273
2 498
2 651
2 757
8,920
655
369
769
8,355
9,974
706
406
721
8, 538
880
63
37
73
842
852
59
40
76
706
825
47
36
70
559
782
42
39
56
469
739
35
38
52
379
824
56
45
51
572
893
78
45
53
755
955
83
49
64
886
49
60
35
57
43
"•79
42
78 9
79 6
81 2
82 9
83 9
83 6
84 6
84 7
82 5
82 7
85.1
'86.1
88.3
53 5
53 9
54 0
55 3
55 4
56 1
56 7
56 2
54 5
54 7
56.5
'57.2
59.0
26 4
27 2
27 6
27 0
26 8
27 7
28 6
28 6
27 7
27 4
28 1
29.1
30.0
18 2
62
7.0
17 8
57
7.0
17 4
58
67
19 3
6 3
77
19 5
57
83
19 2
55
83
19 1
55
85
18 5
53
81
17 7
4 9
81
17 6
48
83
19 0
5.6
8.6
'18.6
'5.5
'8.5
19.4
6.1
8.5
29.3
New construction (unadjusted), total
mil $
do
Buildings (excluding military) 9
do
Housing and redevelopment _ _
do
IndustriaL--do
Military facilities
do
Highways and streets
do
New construction (seasonally adjusted at annual
rates), total
bil $
Private, total 9 _ _
do
Residential (nonfarm)
do
Nonresidential buildings, except farm and public utilities, total 9
bil $
Industrial
do
Commercial
do
Public utilities:
Telephone and telegraph
do
Public, total 9
do
Buildings (excluding military) 9
do
Housing and redevelopment
do
Industrial
do
Military facilities
do
Highways and streets
do
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
CO.) !
Valuation, total <![__ _
mil $
Index (mo. data seas, adj.)
1957-59—100
Public ownership
Private ownership
By type of building:
Nonresidential
Residential 1
Non-building construction
New construction planning
(Engineering News-Record) 8
mil $
do
do
do
do
1
50, 150
2
53 446
1.7
1.7
1.6
16
17
17
15
16
15
19
17
25 4
25 7
27 2
27 6
28 5
27 5
27 9
28 4
28 0
28 0
28 6
28 8
10.0
.6
4
.8
8.4
10.3
.6
5
.8
8.2
10.5
.6
5
.9
9.2
10 6
.6
5
9
93
10 7
5
5
9
98
10 8
8
5
7
9 2
10 8
10
5
7
98
11 0
10
5
8
99
5
7
5
7
Q
5
8
5 053
4 258
3 996 3 3 714
3 704
5 417
4 878
6 170
5 589
5 956
6 318
5 170
2 742
6,171
145
2 153
171
168
166
159
156
176
146
172
160
187
192
183
200
1 ig 152
131 998
20 709
32 737
1 527
3 527
1 435
2 823
1 507
2 490
1 300
2 414
1 041
2 664
1 698
3 719
1 "i'vl
9 fi^fi
3 324
4 135
1 860
3 730
2 256
3 700
1 924
4 394
1 549
3 621
1, 728
4,443
i 19 393
1 17 827
1 12 930
20 418
19 695
13 333
1 874
1 887
1 292
1 586
1 717
956
1 550 1 347
1 404 3 1 462
1 042
905
1 251
1 495
958
1 835
2 220
1 362
1 522
2 312
1 044
2 227
2 543
1 400
2 030
2 243
1 316
2 414
2 287
1 255
2 128
2 295
1 895
1 815 2,370
2 125 2 408
1 230 1, 393
.*>. n4n
3.Q3ft
9 R35
4 fifiS
3 9.fi7
2 snn
4.8Q5
3. 001
do
52. 112
59. 944
4. 932
4. 295
5 RQfi
' Revised.2
*> Preliminary.
1 Annual total includes revisions not distributed to
months.
Computed from cumulative valuation total.
3 gee note "f > for this page.
tf See corresponding note on p. S-8.
9 Includes data for items not shown separately,
t Revisions for 1965-May 1967 are shown in Bu. of Census report C30-68-6.
326-377 O .- 68 - 5
148
2,784 '2 761
3. 499,
6.387
IF Beginning Jan. 1968, data are not entirely comparable with those for earlier periods; new
compilation method raises the level of residential data by 8 percent and the total valuation
by 3 percent.
§ Data for Nov. 1967 and Feb., May, Aug., and Oct. 1968 are for 5 weeks,
other months, 4 weeks.
SUEVEY OF CURRENT BUSINESS
8-10
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
Annual
December 1968
1968
1967
Oct.
Nov.
Dec.
Jan.
Feb.
May
Apr.
Mar.
June
July
Aug.
Sept.
Oct.
139.7
'80.0
134.1
141.5
84.2
139.0
138.9
137.8
' 101. 0 ' 102. 9
134.5
132.3
138.8
99.3
136.3
Nov.
CONSTRUCTION AND REAL ESTATE—Continued
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total incl farm (private and public)
One-family structures
Privately owned
thous
do
do
779.5
1, 165. 0
1,196.2
1, 321. 9
844.9
1, 291. 6
137.0
81.8
135.4
120.2
69.1
118.4
83.1
47.1
80.1
82.7
45.3
80.5
87.2
55.4
84.6
128.6
79.4
126.6
165.2
98.0
162.0
145.1
87.0
140. 9
142.9
81.6
137.9
142.5
86.5
139.8
Total nonfarm (private and public)
In metropolitan areas
Privately owned
do
do
do
1, 172. 8
807.3
1, 141. 5
1,298.8
919. 7
1, 268. 4
134. 6
99.0
133.1
118.6
84.9
116.8
82.1
63.6
79.1
82.0
63.5
79.8
85.3
61.4
82.8
126.0
92.1
123.9
162.2
118.4
159.1
143.3
101.2
139.0
141.1
103.6
136.0
140.0
100.6
137.3
Seasonally adjusted at annual rates:
Total including farm (private only)
Total nonfarm (private only)
do
do
1 496
1 478
1,590
1,567
1,250
1,235
1,456
1,430
1,537
1,499
1 511
1,479
1 591
1,562
1,364
1,345
1,365
1,348
1,531
1,507
1,518
1,496
1,592
1,570
1,548
1,519
1,253
1,222
1,390
1,148
1,394
1,340
1,281
1,290
1,393
1,357
659
641
1,289
745
1,416
1,280
663
New private housing units authorized by building
permits (13,000 permit-issuing places) :J
Seasonally adjusted at annual rates:
Total
thous
One-family structures
do
1,141
651
688
667
724
728
675
141.0
82.2
136.6
673
663
706
676
134
CONSTRUCTION COST INDEXES
Dept of Commerce compositet
American Appraisal Co., The:
Average, 30 cities
Atlanta
New York . . .
San Francisco
St. Louis
126
127
127
127
128
128
129
130
132
132
133
134
909
992
922
930
932
937
938
940
958
973
979
986
992
1,019
1,019
1,024
1,025
1,025
1,026
1,033
1,044
1,033
1,044
1,047
1,044
945
1,065
1,056
1,075
1,087
1,081
1,090
1,087
1,092
119
1913 = 100
do
do
do
do
867
941
963
867
852
1,008
910
903
928
912
933
916
127
132
134
do
do
122 1
123 2
122.2
120.1
129 8
130 7
130 2
127 4
do
do
123.4
134.1
127. 4
140.8
113 0
117 6
157 6
153 2
167 8
148.4
150 9
158.1
133 0
154.8
140 0
149.1
147 2
166.4
164 0
169! 5
176 8
173.7
183 0
170.5
175 8
164.3
180.4
187.8
r
1
170 6
154. 1
164.8
157.2
169 0
155 0
189 8
163 0
149 6
186 6
172 1
163 9
239 3
161 4
152 0
182 2
147 6
137 0
127 5
147 1
152 6
101 5
158 6
155 9
122 0
184 8
167 2
156 7
192 7
175 6
205 9
203 1
179 0
223 7
201 2
161 6
221 1
210 1
166 7
249 8
151 9
r 175 i
263 8
145 6
171 6
238.4
153.0
167.2
12.9
189
11.2
163
12.4
152
10.6
15.9
160
11.6
14.7
144
12.4
120
'15.2
167
11.5
126
110
13.2
146
12.5
127
15.7
161
11.0
13.7
157
10.4
151
9.5
136
10.2
162
124 3
15.3
185
12.5
6 095 32 5 884 64
2 600 53 3 404 87
665. 33
434. 29
Associated General Contractors of America, Inc.,
The (building only)
1957-59—100
E. H. Boeckh and Associates, Inc.: f
Average, 20 cities:
All tvpes combined
1957 59—100
Commercial and factory buildings
Residences
Engineering News-Record:!
Building
Construction
125
1957—59 — 100
__
Bu. of Public Roads— Highway construction:
Composite (avg for year or otr ) 1957 59 — 100
937
919
941
923
134
134
133 6
134 5
134.2
130.9
133 8
134 7
134.3
131.2
129.7
144.2
130.1
144.3
943
923
943
923
134
134
135
133 9
134 7
134.4
131.2
133 7
134 6
134.2
131.1
134 1
135 1
134.6
131.6
130.4
144.5
131.4
145.7
131.8
146.5
119.2
1,064
1,052
1,053
1,048
980
969
141
142
142
143
140.6
141 8
140. 6
138.5
142 5
141.7
139.2
142.1
143 1
142.2
140.1
136.7
152.4
138.3
154.1
140.7
156.0
141.6
156.6
141.7
156.7
'14.0
168
10.4
11.4
127
125
17.1
198
'12.7
'147
572. 97 ' 595. 12
326. 86 340. 69
588. 18
322. 30
684. 06
359. 54
5 026
5,035
1, 823
1,924
'392
••975
'456
459
983
482
979
967
138
140
137 3
138 4
137 5
135.2
139 6
140 8
139.8
137.4
134.8
150. 2
136.2
151.9
958
964
135
136
134 6
135 5
134.9
132.4
135 3
136 2
135. 5
133.3
132.5
147.0
132.9
147.6
969
119.8
121.0
120.6
997
1,110
1,093
1,001
980
969
968
964
948
962
944
927
994
1,110
1,092
CONSTRUCTION MATERIALS
Output index:
Composite unadjusted?
Seasonally adjusted
1947~49— 100
do
Lumber and wood products unadi
Portland cement unadjusted
do
do
REAL ESTATE
Mortgage applications for new home construction:
Applications for FHA commitments
thous. units. .
Seasonally adjusted annual rates t
do
Requests for VA appraisals
do
Seasonally adjusted annual ratesj
do
Home mortgages insured or guaranteed byFed Hous A dm * Face amount
mil $
Vet. Adm.: Faceamount§
do
99 2
Federal Home Loan Banks, outstanding advances
New mortgage loans of all savings and loan associations estimated total!
mil $
By purpose of loan :J
H ome construction
do
Home purchase
do
All other purposes
do
Nonfarm foreclosures
Fire losses (on bldgs contents etc )
number
mil $ 1
7.9
125
8.4
122
620 86
382. 91
457 89
340. 32
577. 59
348. 77
436. 34
279. 57
434. 80
267. 29
470. 58
265.30
495. 28
280. 15
493. 61
240. 95
4 114
4 188
4 386
4 442
4 348
4 269
4 545
4 719
4 889
4 988
4 997
1 949
1 801
1 759
1 389
1 456
1 766
1 952
2 087
1 965
1 844
1 977
388
856
557
380
780
599
291
665
433
305
704
447
409
840
517
475
934
543
505
426
396
409
1,041
1,066
141
135
o nor
A. QQfi
16 724
1Q ftQ1
3 605
7 747
5 372
4 190
9 505
6 196
413
949
587
117 473
110 541
8 338
8 469
8 119
8 414
7 822
8 127
8, 577
' 7, 630
7,082
6,446
6,669
7fifi 79
114 79
115 21
127 82
153 95
1*2 75
155 58
197 25
152 05
157 72
154 71
159 14
131 69
153
139
151
125
87
122
154
137
160
122
79
123
155
132
161
122
75
129
150
128
162
116
82
144
154
129
161
126
95
147
146
125
141
123
84
175
152
122
168
126
90
137
198
AQR 7fi
1
r
8 040
541
r
473
1,031
417
1,146
422
T
172
134. 80
DOMESTIC TRADE
ADVERTISING
Marketing/Communications advertising index, seasonally adjusted:©
•tAQ
•tAQ
i Rft
Combined index
1957 59 100
149
Business papers
do
125
139
128
129
Magazines
_
do
157
149
159
157
Newspapers
do
113
106
119
117
Outdoor. _
do
96
84
91
95
Radio (network)
do
130
125
118
117
Television (network)
do
210
215
194
209
r
Revised..
{Revisions for Jan.-Aug. 1967 for new private housing units authorized; for 1965-May 1967
for Dept. of Commerce composite; for July-Dec. 1966 for ENR building and construction
cost indexes; for 1960-66 (seas, adj.) for FHA applications and VA appraisals; and for Jan.July 1967 for new mortgage loans will be shown later.
150
125
161
114
111
101
209
147
134
152
113
73
109
208
161
141
157
128
97
106
99«
919
911
999
9Ofi
91 n
9ftt
^Copyrighted data; see last paragraph of headnote,, p.. S-l..
9 Includes data for items not shown separately.
§ Data include guaranteed direct loans sold.
© Formerly Printer's Ink advertising index.
SURVEY OF CURRENT BUSINESS
December 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
S-ll
1968
1967
1967
Annual
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Television advertising:
Network (major national networks) :
Net time costs, total
mil. $.. 1, 411. 3
Automotive, incl. accessories
do_._
106.7
Drugs and toiletries
do
429.8
Foods , soft drinks , confectionery
do
274.0
Soaps, cleansers, etc
do
131. 5
Smoking materials
.
__ _do
161. 4
All other
do
308.0
1,499.9
115.8
429.0
306.8
134.3
183. 1
331.0
Magazine advertising (general and natl. farm magazines):
Cost, total
mil. $
Apparel and accessories _
__
do_ _
Automotive, incl. accessories
do
Building materials
do
Drugs and toiletries
_ _ _
do _
Foods, soft drinks, confectionery
do__.
1, 161. 6
60.7
103.7
31.0
148.4
116. 1
118.4
7.0
13.3
2.7
14.8
10.8
115.6
5.4
9.8
2.2
14.6
11.9
99.9
3.3
8.1
1.4
12.3
10.1
63.3
1.6
4.4
1.2
7.1
6.7
84.7
3.2
9.6
1.8
11.2
9.1
105.9
6.3
11.1
3.1
12.3
10.3
119.2
8,6
12.7
4.8
11.9
9.9
116.0
5.6
11.9
4.1
14.5
8.5
99.9
2.6
9.3
3.7
14.3
9.6
69.9
1.1
4.8
2.2
10.3
9.1
67.7
6.2
3.4
1.6
10.5
5.7
106.8
10.6
6.8
3.1
11.6
7.1
127.2
7.1
17.3
2.9
13.5
9.5
79.2
80.1
53.3
17.6
39.6
411.0
89.2
70.7
62.7
22.9
39.9
416.3
9.5
9.0
5.6
2.2
3.8
39.8
11.5
7.5
5.4
2.2
3.7
41.3
15.0
5.1
4.4
1.1
4.7
34.4
3.4
2.5
4.2
1.7
2.7
27.6
4.5
2.8
4.3
1.5
3.0
33.6
6.8
6.2
4.4
2.2
3.1
39.8
7.8
9.6
4.7
2.5
3.8
43.1
8.1
9.7
5.9
1.9
4.0
42.1
7.9
6.2
5.5
1.5
4.2
35.1
6.3
4.1
3.3
1.9
2.9
23.9
4.6
2.5
3.7
1.5
3.2
24.8
7.1
7.5
5.8
1.9
3.6
41.6
10.4
9.4
5.3
2.8
4.1
44.9
3,354.3
924.3
2,430.0
182.9
73.2
310. 3
1,863.6
3,297.8
878. 1
2,419.6
158.5
66.9
297.1
1,897.1
296.2
76.9
219.3
12.7
6.2
29.9
170.5
305.8
68.4
237.4
13.9
5.3
28.7
189.5
283.2
59.8
223.4
9.2
5.6
22.2
186.4
231.3
67.0
164.2
11.4
7.6
17.3
127.9
236.1
66.9
169.2
13.4
4.6
22.3
128.9
282.4
79.0
203.5
14.4
5.5
26.0
157.6
277. 5
76.0
201.4
16.6
6.6
26.1
152.2
306.5
82.5
224.0
17.3
5.5
29.0
172.2
279.2
79.0
200.2
16.6
5.8
23.4
154.3
249.9
75.2
174.8
13.6
6.9
18.6
135.7
277.9
83.8
194.1
13.3
4.1
18.1
158.6
292.8
83.3
209.5
15.9
5.7
27.1
160.9
315.7
84.1
231.5
16.0
7.2
31.7
176.7
203, 751
91, 026
112, 724
205, 188
90, 447
114, 741
18, 078
8,107
9,971
18, 132
7,904
10, 228
17,408
7,530
9,878
16,863
7,365
9,497
16, 816
7,541
9,275
17, 775
8,026
9,749
18,087
8,397
9,690
18, 578
8,482
10, 095
17, 961
8,241
9,720
18,488
8,515
9,973
18,933 '18,640
8,629 ' 8, 590
10,304 '10,050
20, 130
9,239
10, 891
Beer, wine, liquors
do
Household equip., supplies, furnishings.. do
Industrial materials
do
Soaps, cleansers, etc _
_
do
Smoking materials
do
Allother
_.
do
Newspaper advertising linage (52 cities) :
Total
mil. lines
Classified
_
.
do
Display, total
do
Automotive
do____
Financial
do
General. _ _
_ _ _ do
Retail
_
do
WHOLESALE TRADE
Merchant wholesalers sales (unadj.), total, mil. $__
Durable goods establish Trents
do
Nondurable goods establishments .
.do
1,166.7
68.1
123.5
34.5
134.4
125.4
417.2
36.0
122.6
84.7
41.5
46.1
86.3
471.7
42.6
127.5
89.1
34.1
60.4
117.9
331.3
23.0
89.2
63.2
33.7
33.1
89.1
301.3
18.1
88.6
57.4
33.0
28.4
75.8
Merchant wholesalers inventories, book value,
end of year or month (unadj.), total
mil. $__ 20, 520
21, 607 21,268 21,425 21,607 21,678 21,555 21, 679 21,841 21, 816 21, 952 21, 908 22,094 '22,170 22, 588
Durable goods establishments
.do ___ 11, 805 12, 308 12, 184 12, 150 12,308 12, 236 12, 308 12,564 12,881 12, 851 13,020 13,030 13,183 '13,065 13, 093
Nondurable goods establishments
do
9,084 9,275 9,299
8,965 8,932
9,442
8,715
9,299
9,247 9,115 8,960
8,878 8,910 ' 9, 105 9,495
RETAIL TRADE J
All retail stores: t
Estimated sales (unadj.), total J
mil $
303,956 313,809 26, 188 27, 186 32,622 24, 094 24, 210 27,049 27, 602 29,285 28,887 28,542 29,410 '27,015 '29,422 130,472
Durable goods stores 9
- - - do. __ 98,301 100, 173 8,617 8,525 9,032
7,517
9,828
9,134
9,917
9,383 ' 8, 703'10,013 i 9, 636
7,883 8,916
9,696
Automotive group
do
6,112
5,974
5, 526
5,365 ' 4, 814 ' 5, 956 i 5, 623
4,842
5,549
58,273 4,932 4,842 4, 573 4,642
5,773
58,089
Passenger car, other auto, dealers
do
4,554
4,111
4,436
4,339
5,706
5,187
5,543
4,951
54,144
5,354
53,966
5,171
'4,457
5,562
4,557
Tire, battery, accessory dealers _ _ do _
378
406
462
303
339
406
414
431
3,945
378
285
419
'357
394
4,307
Furniture and appliance group 9 _.
do
1,432
1,328
1,738
1,205
1,253
1,314
1,353
1,479 ' 1, 412 '1,473 i 1, 588
14,558
1,205
1,393
1,217
15,267
Furniture, homefurnishings stores
do
819
858
956
726
769
875
905
722
871
'850
783
861
920
Household appliance, TV, radio.
do
408
461
616
381
402
414
376
476
'460
390
363
440
463
Lumber, building, hardware group
do____ 12, 573
1,172
1,080
1,088
1,013
1,269
1,290
1,355 ' 1, 257
12, 675
891
1,190
1,338
1,334
Lumber, bldg. materials dealersd"
do
839
641
933
749
797
986
1,010
9,781
1,077
9,769
708
926
1,055
'997
1,058
Hardware stores
_ _ do
241
239
339
216
283
280
278
260
2,804
2,894
264
183
283
276
Nondurable goods stores 9
do
205, 655 213, 636 17,571 18,661 23,590 16,577 16, 327 18, 133 18,468 19, 368 19,059 18,846 20,027 '18,312 '19,409 '20,836
1,630
2,618
1,473
1,538
1,277
1,430
1,522
17,291 18, 123
1,421 ' 1, 633 ' 1, 557 ' 1, 689 i 1, 856
1,155
1,627
Men's and boys' wear stores
do
341
332
405
686
342
367
313
375
'332
364
325
381
267
Women's apparel, accessory stores do.
621
578
493
997
559
600
618
462
577
'608
672
548
617
Family and other apparel stores.. _.__do
362
325
595
242
312
295
••378
311
370
233
334
312
'333
Shoe stores
do
242
340
229
210
259
259
295
'284
263
312
266
193
236
Drug and proprietary stores
_ do
872
1,241
901
881
962
9,988
10, 721
901
953
1959
938
'912
'946
938
887
906
Eating and drinking places.
do
2,041
1,909
1,836
2,189
22,098 23,473 2,000
2,022
2,413 ' 2, 175 '2,154 i 2, 101
2,034
2,245
2,287
1,837
Food group _ _ _
do
5,748
6,562
5,
597
5,596
6,310
6,252
6,596
69, 113
6,196
' 5, 860 ' 6, 139 i 6, 429
68,137
5,598 6,113 5,838
Grocery stores. _ _
do
5,194
5,232
5,348
6,110
5,705
5,883 5,825
6,166 ' 5, 448 ' 5, 715 i 6, 020
5,766
5,227
5,420
Gasoline service stations. _
_ _ do
1,939
1,958
1,874
1, 927
2,202 ' 2, 017 ' 2, 063 i 2, 072
21,792
22,739
1,970
2,097 2,150
1,809
2,012
2,197
General merchandise group with nonstores 9 _ .
mil. $
46,961
4,217
3, 289
4,222 ' 4, 671 ' 4, 266 ' 4, 679 i 5, 548
4,296
3,296 3,901 4,218 4,342
General merchandise group without non3, 712
4,450 6,698 2,916
stores 9 §
mil. $
3,911
3,890
4,243 ' 3, 831 ' 4, 191 i 5, 024
2,912
3,800
3,487
3,813
4,512
2,469
2, 948
Department stores.
.
do
1,949
27,868 29, 589
2,844 ' 2, 602 ' 2, 823 13,380
1,912
2,334
2,628 2,641 2,538
2,538
373
Mail order houses (dept. store mdse) do
277
377
187
'256
238
239
218
273
233
315
197
248
530
982
Variety stores
_.
do
445
346
432
526
496
487
474
'451
497
387
497
Liquor stores .
do
562
516
822
502
6,081
6,409
581
560
600
'548
583
583
486
537
516
Estimated sales (seas, adj.), total t
do
26, 100 26,385 26,368 26, 936 27, 512 28, 145 27, 675 28, 132 28,451 28,802 29,037 28, 863 '28,713 129,144
Durable goods stores 9 . ..
do
8,268 8,276 8,422 8,502 8,871 9, 062
9,402 9,567 ' 9, 699 ' 9, 380 i 9, 352
9, 081 9,290
8,871
Automotive group
____do _
4, 769
4,756 4,738
4,951 5,189
5,604
5,399
5,598
5,736 ' 5, 907 5,590
5,307
5,117
Passenger car, other auto, dealers
do
4,383 4,353 4,378 4,563 4,812 4,921 4, 744
5,219
5, 027
5,213
5,347 ' 5, 523 5,223
Tire, battery, accessory dealers
do _
386
403
360
388
372
385
'384
373
385
367
386
389
377
Furniture and appliance group 9 _ _
do
1, 265
1,295
1,323
1,362
1,349
1,381
1,420
1,372
1,367
1,446 r 1,402
1,381
1,363
Furniture, homefurnishings stores
do
770
781
882
777
824
884
859
855
843
837
'871
826
849
Household appliance, TV, radio
do
392
421
429
422
415
428
429
446
'441
441
440
440
475
Lumber, building, hardware group
do
1,060
1,044
1,114
1,133
1, 170
1,202
1,191
1,181 1,197 ' 1, 196 1,196
1,190
822
Lumber, bldg. materials dealerscf
do
810
878
932
874
904
846
924
948
899
926
'927
947
Hardware stores
do
234
238
236
254
259
282
259
266
270
243
273
269
Nondurable goods stores 9 .
do
17,832 18, 109 17,946 18,434 18,641 19,083 18,804 19, 051 19,161 19,400 19,470 19, 164 19,333 119,792
1,488
1,517
1,473
1,530
1,574
1,563
1,659
1,597
1,547
1,677 ' 1, 696 ' 1, 621 1,668
Men's and boys' wear stores
do. _.
349
368
345
379
385
405
380
366
367
380
381
380
'367
Women's apparel, accessory stores. ..do
576
579
560
601
634
589
621
580
599
662
654
665
'647
Family and other apparel stores
do
314
326
309
334
327
338
359
338
340
352
'329
357
'359
Shoe stores
do
249
244
241
253
268
274
245
249
278
292
281
257
'278
' Revised.
1 Advance estimate.
{Series revised to reflect a new sample of retailers.
durable totals, and selected lines of trade, unadj. and seas, adj., back to 1961 appear on p.
The most important difference between this and the old sample is accounted for by the
22 ff. of the Nov. 1968 SURVEY. Further details appear in the Census Bureau Monthly Retail
general merchandise group which now includes all non-stores, i.e., mail order houses, merTrade Report, Aug. 1968.
9 Includes data for items not shown separately.
chandising machine operators, and direct selling establishments. Formerly, many non-store
cfComprises lumber yards, building materials dealers, and paint, plumbing, and electrical
establishments were classified outside of the general merchandise group, particularly in the
stores.
§Except department stores mail order.
food and eating and drinking place groups. Revisions for total retail sales, durable and non-
SUEVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
December 1968
1967
1967
Annual
Oct.
Nov.
1968
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
DOMESTIC TRADE—Continued
RETAIL TRADEJ— Continued
All retail stores }— Continued
Estimated sales (seas, adj.)— Continued
Nondurable goods stores—Continued
Drug and proprietary stores
mil. $
Eating and drinking places
do
Food group
--__do_
Grocery stores
do
Gasoline service stations
do
General merchandise group with nonstores 9
mil. $__
General merchandise group without nonstores 9 §
mil. $
Department stores
do
Mail orderhouses (dept. store mdse.)do___
Variety stores. _
do
Liquor stores
do
Estimated inventories, end of year or month ^
Book value (unadjusted), total __
mil. $
Durable goods stores 9
_do __
Automotive group
do
Furniture and appliance group-do
Lumber, building hardware group do
Nondurable goods stores 9 - _ _ d o_
Apparel group
do
Food group _ _
_ _
_
_do _
General merchandise group with nonstores
mil. $
Department stores.- _
_do _
Book value (seas adj ) total
do
Durable goods stores 9
do
Automotive group
do
Furniture and appliance group _ _do
Lumber, building, hardware group do
Nondurable goods stores 9 _ - . _ . - _do-_
Apparel group
do
Food group
.
do
General merchandise group with nonstores
mil. $
Department stores
do
Firms with 11 or more stores:}
Estimated sales (unadj.), total 9
do
Apparel group 9 - do
Men's and boys' wear stores
_do
Women's apparel, accessory stores— _.do
Shoe stores
do
Drug and proprietary stores
do
Eating and drinking places
_
do
Furniture and appliance group
do
General merchandise group with nonstores 9 _-•mil. $
General merchandise proup without nonstores§
mil $
Dept. stores, excl. mail order sales
do
Variety stores
do
Grocery stores..
do
Tire, battery, accessory dealers.
do
Estimated sales (seas, adj.), total 9 _ .
do
Apparel group 9
do
Men's and boys' wear stores
do
Women's apparel, accessory stores
do
Shoe stores
do
Drug and proprietary
stores
do
Eating and drinkin01 places
do
General merchandise group with nonstores9
...
mil. $
General merchandise group without nonstores§
.
mil. $
Dept. stores, excl. mail order sales
do
Variety stores
_
do
Grocery stores
do
Tire, battery, accessory dealers
do
All retail stores, accounts receivable, end of yr. or mo.:
Total (unadjusted)
mil $
Durable goods stores
do
Nondurable goods stores
do
Charge accounts
do
Installment accounts
do
Total (seasonally adjusted)
do
Durable goods stores
do
Nondurable goods stores
do
Charge accounts
do
Installment accounts
do
898
1,984
5,802
5 394
1,908
914
2,012
5,841
5 435
1,955
934
2,023
5,920
5 514
1 910
4,242
941
2,015
5,886
5 496
1,975
932
2,083
5,914
5 525
1,990
921
2,117
6,044
5,626
2,054
934
2,099
6,084
5 658
2,041
959
2,119
6,131
5,717
2,042
956
2,114
6,194
5,773
2,055
967
2,068
6,146
5,720
2,053
972
'967
2, 139 r 2, 151
6,194 'r 6, 145
5,779 r 5, 723
2,073 2, 037
968
2,139
6,164
5,744
2,039
4,269
4,348
4,457
4,390
4,455
4,490
4,757 ' 4, 677 r 4, 506
4,604
3 925
2,623
250
511
552
4, 020
2,689
267
523
588
3,986
2,680
266
497
554
4,038
2,698
249
521
589
4,077
2,725
271
516
578
4,315
2,907
278
527
596
4, 241 '4,047
2,861 ' 2, 733
280
'268
519
'492
589
'592
4,123
2,779
282
519
602
41,247
18, 989
8 799
3 034
2 809
22, 258
4 456
4 360
41,496
19, 278
9 069
3,039
2 794
22, 218
4,388
4,371
41,163
19, 174
8 987
3,027
2 764
21, 989
4,317
4,334
40,916
18, 895
8,794
3,035
2 801
22, 021
4,431
4,291
39,979
17, 536
7,348
3,032
2,764
22, 443
4,670
4,311
40, 543
17, 244
7, 130
3,059
2, 788
23, 299
4,953
4,382
42, 683
18, 246
7,898
3,140
2,806
24, 437
5,116
4,552
8,967
9 137
5,113
5,170
39 776 40 242
17, 723 18 113
7,747 8,043
2,992
3,010
2,692
2 735
22, 053 22, 129
4,401 4 443
4,311 4,338
9, 146
5,168
40 606
18, 248
8,192
3,006
2,713
22, 358
4,450
4,384
9,105
5,102
40 842
18 440
8,352
3,006
2 712
22, 402
4,506
4,351
9,189
5,148
41 065
18, 475
8,407
3,038
2,807
22, 590
4,630
4,356
9,305
5,189
41 010
18, 501
8,417
3,035
2,781
22, 509
4,574
4,381
9,733
5,375
41 424
18, 622
8,590
3,008
2,799
22, 802
4,668
4,408
10, 505
5,884
42, 220
19, 165
8,945
3,046
2,820
23, 055
4,720
4,450
3,735
2,479
262
472
540
3 807
2 533
250
495
541
3 770
2 529
242
491
528
3 859
2,564
256
501
567
37 094
16, 771
7 888
2 731
2 545
20, 323
4 085
4 102
38
16
7
2
2
21
4
4
39 181
16, 266
6 419
2 928
2 650
22, 915
4 655
4 326
40438
16, 724
6 723
3 026
2 669
23, 714
4 791
4 477
38045
16, 832
7 284
2 825
2 575
21,213
4 178
4 290
38,430
17, 493
7 845
2,811
2 641
20, 937
4 010
4,248
39354 40,447
18,019 18, 400
8 201 8 413
2,893
2,953
2 660
2 738
21, 335 22, 047
4 225
4,405
4,324
4,271
7 927
4 376
38 368
17 309
8 066
2,825
2 634
21, 059
4 300
4 086
9 624
8 304
5 476
4 717
39 318 38 548
1 7 403 16 852
7 425
7 151
2 927
2 834
2 666
2 666
21 915 21, 696
4 384
4 294
4 273
4 229
9 971
5 720
39 104
17 065
7 268
2 887
2 682
22, 039
4 379
4 380
8 304
4 717
39 318
17 403
7,425
2,927
2 666
21, 915
4,384
4,273
8 312
4,640
39 575
17, 566
7,609
2,925
2 706
22, 009
4 383
4,269
8 576
4,836
39 788
17, 709
7,693
2,992
2 703
22, 079
4,392
4,314
8 719
4 885
8 835
4 957
8 900
5,018
8 990
5,088
9,049
5,161
9,025
5,159
9 107
5,160
9,266
5,252
9 366
5,298
9,448
5,329
9,351
5,231
9,360
5,153
9, 525
5,254
7,050
399
58
139
104
241
162
101
7,820
435
67
150
110
245
159
100
10, 604
682
107
242
149
369
173
123
6,352
315
50
107
85
247
156
86
6,387
291
43
103
78
242
156
92
7,318
384
50
133
107
257
173
95
7,479
460
60
157
134
265
177
98
7,828
414
62
145
110
283
176
104
7,689
421
66
143
113
275
178
103
7,532
368
53
132
93
275
180
111
8,279 ' 7, 454
'426
440
54
'54
'153
159
118
'119
'266
283
'192
186
130
'120
8,078
471
72
176
112
276
190
117
2,248
2 266
2, 713
2,969
3,033
3,013
2, 959
3,300 ' 2, 979
3, 274
3 201
2,325
401
2 679
139
7,565
393
57
135
110
254
166
4 592
3,610
778
3 135
167
7,309
379
53
133
99
236
175
2 070
1,515
263
2 635
107
7,503
416
59
150
108
274
169
2 073
1,490
296
2 676
105
7,681
428
63
152
108
272
173
2,499
1,821
339
2 967
122
7,707
442
64
152
114
268
175
2 763
2,003
393
2 738
146
7,718
417
60
144
108
278
179
2,811
2,066
384
2,971
159
7,728
415
64
142
106
290
169
2,801
2,083
377
2,882
161
7,794
430
65
147
112
277
166
2,745
2,023
364
2,837
156
8,045
454
67
159
115
288
169
3,080 ' 2, 750
2,263 ' 2, 038
407
'347
3,122 ' 2, 694
159
'130
8,004
7, 923
451
'444
64
'63
' 161
163
120
' 114
'288
291
172
' 191
3,028
2,214
386
2,905
147
8,001
461
68
172
119
288
190
2,992
3,104
3,132
3,098
3,083
3,099
3, 306
3,254 '3,126
3,216
2,709
1,973
359
2 643
138
2,763
2 025
369
2 731
138
2,773
2 028
388
2 728
121
2,787
2 023
386
2 780
138
2,879
2 102
396
2 805
140
2,901
2 100
412
2 815
139
2,889
2 115
385
2 864
144
2,868
2,087
403
2,854
148
2,889
2,115
401
2 923
141
3,100
2 291
409
2 931
147
3,045 ' 2, 890 2,990
2,243 ' 2, 127 2,188
397
407
'378
2 918 ' 2, 916 2,931
147
' 141
153
18,168
7,094
11 074
7,974
10,194
18 251
6,918
11 333
7 933
10318
18 696
7 109
11 587
8 199
10497
18 664
7 054
11 610
8 086
10 578
19 806
7,331
12 475
8 336
11, 470
18 588
7,093
11 495
7 936
10, 652
19, 020
7,079
11 941
7,931
11, 089
18 622
7, 178
11 444
7 956
10, 666
18, 518
6,999
11 519
7 679
10, 839
18 943
7*345
11 598
8 075
10 868
18 497
7,018
11 479
7 770
10 727
19 024
7,360
11 664
8 120
10, 904
18 853
7 150
11 703
8 052
10 801
19 196
7 445
11 751
8 124
11 072
19, 005
7,299
11, 706
8,254
10, 751
18 957
7,337
11, 620
8,059
10, 898
19, 154
7,428
11 726
8 337
10, 817
19 020
7,251
11 769
8,126
10, 894
18, 910
7,413
11 497
8,227
10, 683
19 045
7, 263
11,782
8 196
10, 849
18 964
7,415
11 549
8 191
10, 773
19 152
7,258
11 894
8,193
10, 959
8 503
4 660
045
832
284
825
575
213
178
290
8 900
5 018
2,883
2,664
1,939
339
2,511
135
7,229
407
56
141
114
253
161
2,920
18
7
11
8
10
17
6
10
7
10
986
212
774
164
822
767
9H7
780
730
037
19 806
7 331
12 475
8 336
11 470
18 588
7*093
11 495
7 936
10 652
i
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, incl. armed forces overseas..
_mil._ 1 196. 92 i 199. 12
199. 73
199. 92
200. 09
200.25
200.36
200.51
200. 66
200. 83
201. 00
201. 17
201. 36
201. 56
201. 75
201. 94
LABOR FORCE
Labor force, total, 16 years of age and over
Civilian labor force
Employed, total
_ _
Nonagricultural employment
Agricultural employment
Unemployed (all civilian workers)
thous
do
do
do
do
do
81, 595
78, 132
75, 181
71, 148
4,033
2,951
81, 582
78, 113
75, 218
71, 460
3,759
2,894
81, 527
78, 057
75,338
71, 793
3,545
2,719
79,811
76, 347
73, 273
69, 908
3,366
3,074
80, 869
77, 402
74, 114
70, 653
3,462
3,288
80, 938
77, 447
74, 517
70, 980
3,537
2,929
81, 141
77, 634
75. 143
71, 292
3,851
2,491
81, 770
78, 234
75, 931
71,935
3,996
2,303
84, 454
80, 887
77, 273
72, 757
4, 516
3,614
84, 550
80, 964
77, 746
73,270
4,476
3,217
83, 792
80, 203
77,432
73,325
4,107
2,772
82, 137
78, 546
75,939
72, 103
3,836
2,606
82,477
78, 874
76,364
72, 596
3,767
2,511
82, 702
79, 185
76, 609
73, 001
3,607
2,577
78, 893
75, 770
72, 895
68, 915
3,979
2,875
80, 793
77, 347
74, 372
70, 528
3,844
2,975
'Devised.
i As of July 1.
i See corresponding note on p. S-ll.
9 Includes data
not shown separately.
§ Except department stores mail order.
1f Series revised to
reflect benchmarking to the levels of the 1966 and 1967 Annual Eetail Trade Reports and
to conform to the definitions of the new retail sales sample; revised data back to 1961 appear
on p. 22 ff. of the Nov. 1968 SURVEY.
SURVEY OF CURRENT BUSINESS
December 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1967
Oct.
Annual
S-13
Nov.
1968
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.?
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
LABOR FORCE— Continued
Seasonally Adjusted
thous
do _
do
do
78, 072
74, 735
71, 017
3,718
77, 989
75, 005
71, 166
3,839
78, 473
75, 577
71, 361
4,216
77, 923
75, 167
71, 164
4,003
78, 672
75, 731
71,604
4,127
78, 658
75, 802
71, 788
4,014
78, 343
75, 636
71,656
3,980
78, 613
75, 829
71, 936
3,893
79, 018
76, 048
72, 197
3,851
78, 985
76, 038
72, 202
3,836
78, 690
75, 929
72, 196
3,733
78 831
75, 957
72 355
3 602
78 804
75 952
72 471
3 481
79 032
76 389
Unemployed (all civilian workers)
do
Long-term, 15 weeks and over.
do_._
Rates (unemployed in each group as percent
of total in that group) :t
All civilian workers
Men, 20 years and over
Women, 20 years and over
Both sexes, 16-19 years. _ . _
2,984
485
2,896
445
2,756
488
2,941
455
2,856
448
2,707
398
2.784
410
2,970
423
2,947
453
2,761
398
2 874
369
2 852
388
2 fixq
354
3.8
3.7
3.5
3.7
3.6
3.5
3.5
3.8
3.7
3
2
3
12
3
2
3
12
Civilian labor force!
Employed, total
Nonagricultural employment
Agricultural employment
Married men*
Nonwhite workers*
White workers*
_
Occupation: White-collar workers*. __
Blue-collar workers*
Industry:
Private wage and salary workers* _
C onstruction*
Manufacturing*
Durable goods* _ _
___
EMPLOYMENT
Employees on payrolls of nonagricultural estab.:t1
Total, not adjusted for seasonal variation _. thous .
Seasonally Adjusted
Total
Mining
_
Contract construction.
Manufacturing
Durable goods ._
.
Ordnance and accessories _ _ _
Lumber and wood products —
Furniture and fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery, except electrical.
thous
do
do
do
do
do
do
do
do
do
do
do
536
449
3,337
475
3.8
3.8
4.3
2.5
3.8
2.3
4.2
2.5
4.8
2.4
4.0
2.2
4.1
2.3
3.9
2.3
4.0
2.2
3.7
2.1
3.7
2.1
3.7
2.3
3.7
3.5
3.6
2.2
3.9
2.2
3.7
12.0
12.6
2.2
3.9
6
3
8
7
12.9
14.8
13.9
12.8
11.3
12.6
13.0
11.9
12.6
13.6
13.6
18
17
6.9
3.3
16
6.4
3.2
1.7
7.2
3.3
17
6.9
3.2
15
6.7
3.1
6.4
3.2
17
7.2
3.3
16
8.8
3.7
7.3
3.4
17
16
7.4
3.4
19
6.9
3.3
6.2
3.2
6.7
3.2
74
32
6 5
3 0
2.0
4.2
2.2
4.4
2.4
4.9
2.2
4.4
2.1
4.3
2.0
4.3
2.2
4.3
1.9
4.4
1.8
3.9
1.9
3.7
2.1
4.2
2.1
4.3
2.0
4.2
2.1
4.1
2 0
41
2 0
38
3.8
8.1
3.2
2.8
4.4
3.8
6.1
3.5
3.5
3.3
2.7
3.4
6.5
3.2
2.9
3.2
2.8
3.8
7.0
3.3
2.8
3.6
6.9
3.4
3.1
3.6
3.3
2.8
3.6
8.0
3.5
3.1
3.8
83
3.8
7.4
3.6
3.4
3.4
4.1
3.6
3.9
7.2
3.5
3.2
3.6
3.7
3.4
3.4
3.3
3
6
3
3
64, 034
66,030
66,858
67,397
67,903
66,017
66,393
66,713
67, 422
67, 724
68, 724
64,034
627
3,275
19, 214
11, 284
66 030
66 286
66 778
67 060
67, 792
3,214
19 518
11, 463
3,107
19 612
11, 541
67,600
608
3,388
19, 612
11, 514
609
3,330
19, 607
11, 495
67 755
3,184
19 302
11 264
603
3,275
19, 593
11, 498
67 058
67 656
616
3,203
19, 434
11, 422
3 313
19 657
11 533
631
3,245
19, 693
11, 545
261
614
317
598
330
597
333
598
334
605
334
605
334
612
457
631
465
638
1 306
1,374
1,962
466
609
1,305
1,369
1, 957
336
607
466
591
1 304
1,374
1,960
337
599
1,965
2, 007
450
435
8 071
1,775
1,965
2,015
450
432
8,098
1,773
1,957
2,018
449
433
8 112
1,777
3.9
73
69
603
603
462
644
1,351
1,351
1,910
455
629
1 318
1,361
1,967
454
626
1 284
1,341
1,929
,360
,977
464
640
1 306
1,374
1,942
1,909
1,918
431
434
7,930
1,777
1,953
1,947
448
429
8,012
1,785
1,935
1,897
447
424
8,038
1,783
,959
,968
449
425
8,055
1,780
1,962
1,993
450
428
8,095
1,786
1,402
667
1,017
961
184
511
364
Finance, insurance, and real estate...
Services
Government
Federal
State and local
84
964
306
604
7
1
4
2
3 4
6 a
31
3 0
68,327
68, 508 '68, 923 '69,234
69,421
68 039
68 170
3,174
19 777
11 571
3,189
19 776
11 619
68 314 '68 382 r fiS R40
638
'639
'590
3,195 '3 252 '3 280
19 748 '19 755 '19 794
11 563 '11 577 '11 592
3 260
338
594
344
592
474
642
1 310
1,386
1 951
350
597
468
641
1 320
1,373
1 949
471
640
1,322
1,376
1,949
349
597
471
642
1 314
1,385
1 944
476
644
1 291
1,385
1 953
1 955
2 015
448
428
8 124
1*783
1,963
2,013
447
432
8,148
1,778
1 960
2 031
448
433
8 206
1 797
1 962
2 070
446
439
8 157
1 777
1 963
2 013
452
439
8 185
1 778
5 7
632
81
632
638
55
'348
'598
'476
'643
r\ 279
'1,391
'1 957
'1 964
'2 035
451
435
rg 17g
r
l 773
r~\
1 979!
'1 954
'2 043
'454
'433
'8 202
'1 778
1,407
687
1 054
1,021
185
537
355
1,399
688
1 054
1,' 021
185
537
355
1,403
690
1 055
1,023
186
545
355
1,408
690
1 058
1,024
186
546
357
1,417
692
1 058
1,020
185
550
359
1, 422
696
1 061
1,023
186
552
361
1,433
699
1 062
1,030
188
559
361
1, 416
697
1 064
1,033
188
559
349
1,412
702
1 067
1,036
187
566
357
'700
'1 063
'1,037
'186
566
'357
4,151
13 245
3 437
9 808
4,271
13 613
3 538
10 074
4, 267
13 729
3 560
10 169
4,297
13 791
3 584
10 207
4,302
13 793
3 581
10 212
4,317
13 818
3 586
10 232
4,342
13 920
3 619
10 301
4,332
13 999
3 632
10 367
4,331
14 009
3 641
10 368
4,281
14 04Q
3 655
10 394
4,336
14 086
3 679
10 407
4,346
14 117
3 fisn
4,358
H 181
'4, 365
14 222
r14 Qfift
in 49.7
Ifl 4QC
3,100
9,551
10 871
2,564
8 307
3,217
10 060
11 616
2 719
8 897
3
10
11
2
9
261
171
769
718
051
3 273
10 270
11 812
2 692
9 120
3 289
10 316
11 889
2 709
9 180
3 291
10 331
11 978
2 721
9 257
3,304
10 405
12 021
2 721
9 300
3 311
10 415
12 053
2 718
9 335
3
10
12
2
9
323
402
088
717
371
3 334
10 425
12 134
2 721
9 413
3 335
10 467
12 232
2 795
9 437
3 350
10 498
14, 297
14 300
14 327
14 489
14 425
14 213
14 231
14 248
14 303
14 352
14 622
14 41 5
thous
do
do
_ . do
do
do
do
do
do
14 297
8,370
14 300
8 354
14 138
8 174
14 338
8 362
14 400
8 389
'l87
14 405
8 420
14 393
8 382
14 439
8 406
14 449
8 401
14 523
8 424
382
517
1,100
1,052
1, 344
525
190
531
14 386
8 371
H
190
527
375
500
1,057
1 052
1 367
374
497
1,023
1 034
1 325
375
504
1,043
1 049
1 366
382
511
1,045
1 063
1 331
385
511
1,042
1 062
l' 343
385
479
1,040
1 056
1 344
do
do
do
do
do
do
do
..do
do
1,325
1,366
275
346
5 926
1,180
72
859
1.246
1,318
1,371
280
338
5 946
1, 186
75
849
1.240
1,294
1,315
277
333
5 964
1,186
74
851
1. 235
1,315
1,390
279
335
5 976
1,183
77
853
1. 238
1,319
1,411
280
335
6 Oil
1,191
79
860
.
1.243
r
Revised.
v Preliminary.
*New series. Monthly data for earlier years are available.
JBeginnmg in the Mar. 1968 SURVEY, labor force data reflect new seasonal factors.
t-kuective with the Sept. 1967 SURVEY, additional series (unemployment rates, seasonally
adjusted production workers, hours, man-hours and man-hour indexes, private sector data,
and spendable earnings) are shown; these are not in the 1967 edition of BUSINESS STATISTICS.
1,319
1,420
279
342
5 985
1,181
73
861
1 933
1,316
1,423
279
339
6 Oil
1,178
74
870
1.240
Totalf-.
Durable goods
O rdnance and accessories _
Lumber and wood products _ _
Furniture and
fixtures.
Stone, clay, and glass products.
Primary metal industries
Fabricated metal products _
Machinery, except electrical.
Electrical equipment and supplies.
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
Nondurable goods... _
Food and kindred products
Tobacco manufactures
Textile mill products...
Apparel and other textile products
127
536
176
520
185
517
187
519
87
981
87
979
191
528
81
979
87
982
87
990
198
514
87
987
19 9^fi
2 700
9 ACQ
8
3
AQO
389
516
1,044
Iofis
i 099
1,311
1,429
278
340
6 015
1,181
74
867
1 943
1,310
1,425
275
335
6 033
1,191
68
868
1 9S1
1,312
1,419
275
338
6 048
1, 185
73
871
1,305
1, 438
275
339
6 099
1,204
73
877
1 2fi5
1,308
1,478
272
344
6 OK A
1,185
74
876
517
1 94Q
1 766
r84
81
Q8Q
'987
'1, 426
'703
1,414
70R
rl
Ofifi
1 O7H
'1, 043
187
570
'358
1,044
189
569
355
'4, 362
«QK
4,383
H
OI A
rl fl f\97
H
'14 476
14 £94
rQ JOQ
H
9nn
518
393
518
1,023
392
517
1,042
1 070
1 334
4°.9
Q 1 DO
r14 71 fi
O QQQ
389
514
1,054
1 060
1 331
fl9Q
'14 739
K-JQ
1 A. 4.74
387
517
1,054
1 059
1 332
Qfift
455
14 ^fi1
9
e-jO
385
463
1,038
1 062
1 346
r o'
I
2
3 41 8
1 0 fiQO
4 CQ
193
516
'87
987
'1,422
1,415
'3 387 '3 409
'10 545 rin' fifti
'12 217
2' 7ig r 9 7DA
'9 501
3 376
1 0 ^48
1 9 97A
9 7*11
900
192
520
1 9.*fi
90
990
481
655
1 QQO
1,399
684
1 053
1,014
185
535
352
85
972
fiOC
348
604
979
1,396
683
1 049
1,013
185
531
351
93
970
1 Q' 81 Q
n
'1,410
'1 965
1,400
681
1 048
1,002
183
516
351
87
957
coo
'333
'602
'478
'648
90
963
Seasonally Adjusted
3
0
4
2
19
7.3
3.3
86
961
Production workers on manufacturing payrolls:
Total, not seasonally adjustedff.
thous
3 676
12.7
Electrical equip, and supplies
. do
Transportation equipment
do. .
Instruments and related products
do
Miscellaneous manufacturing ind
do
Nondurable goods ._
do
Food and kindred products
do
Tobacco manufactures _ .
do
Textile mill products..
do
Apparel and other textile products. .. do
Paper and allied products
do
Printing and publishing
do
Chemicals and allied products.
do
Petroleum and coal products
do
Rubber and plastics products, nee ... do
Leather and leather products..
.do
Transportation, communication, electric, gas,
and sanitary services.
thous..
Wholesale and retail trade
do
Wholesale trade _ .
do
R etail trade
do
do
do
do
do
do
79 71 °>
Iflftfi
I oo-i
rg 41Q
198
517
T-t
oc
rf\91
'393
515
'1, 012
'1 073
'1 332
r1 OQ1
r1 °.°.Q
'1, 313
'1,439
277
341
'1, 301
'1, 446
'280
'339
'396
'521
'1, 009
9 70O
CQQ
CO1
8 4££
198
524
398
528
1,007
1 08Q
1 361
R fl7C
rc
c\aa
rfi OQfi
1,187
77
878
'1, 183
'74
'875
'1, 194
'72
'873
1,306
1,426
280
338
6 07fi
1,181
69
874
1 94*
r1 9.K4
rl 9.RQ
1 947
1,313
1,415
978
344
IfBeginning in the June 1968 SURVEY, payroll employment and earnings data (except
man-hours, beginning Aug. 1968 SURVEY) reflect revised benchmarks and seasonal factors;
comparable earlier data, except man-hours and man-hour indexes, appear in BLS Bulletin
1312-6, EMPLOYMENT AND EARNINGS FOR THE UNITED STATES, 1909—68, $5.75, available
from the Gov't. Printing Off., Wash., D.C. 20402.
SURVEY OF CUERENT BUSINESS
S-14
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
| 1967
Annual
December 1968
1967
Oct.
Nov.
1968
Dec.
Feb.
Jan.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.p
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT-Continued
Seasonally Adjusted
Production workers on manufacturing payrolls—
Continued
Nondurable goods industries— Continued
Paper and allied products
_
thous
Printing and publishing.
__do
Chemicals and allied products
do
Petroleum and coal products.
do
Rubber and plastics products, nee
do
Leather and leather products
__do
518
646
574
115
398
318
528
662
592
115
397
304
529
660
600
116
410
303
530
661
600116
413
305
533
662
604
117
415
307
534
660
605
117
415
306
535
662
606
117
422
307
534
662
607
117
422
308
536
663
602
117
426
311
538
665
603
118
427
312
542
664
609
118
435
312
542
665
610
119
433
301
545
666
614
118
438
307
'541
'663
'614
118
438
'306
'547
'665
'618
'119
441
'308
549
668
620
120
441
307
42.7
37.6
41.3
42.6
37.7
40.6
3.9
42.1
4.3
42.2
40.8
41.5
42.0
42.1
42.4
43.8
41.2
42.6
42.1
40.0
3.4
41.2
3.5
41.7
40.2
40.4
41.6
41.1
41.5
42.6
40.2
41.4
41.3
39.4
42.4
37.2
40.8
40.7
3.4
41.2
3.5
41.7
40.3
40.4
41.7
41.3
41.4
42.2
40.3
41.7
41.2
39.4
43.4
39.4
40.8
40.7
3.3
41.2
3.4
41.8
40.9
40.5
42.1
41.5
41.4
42.3
40.5
39.8
41.1
39.5
42.5
37.2
41.1
40.7
3.4
41.3
3.6
41.6
40.1
40.7
41.7
41.6
41.6
42.4
40.4
41.7
41.2
39.4
41.8
36.0
40.0
40.2
3.5
40.9
3.7
40.2
38.6
39.6
40.8
41.5
41.5
41.8
40.1
41.8
40.6
39.2
42.3
37.9
40.6
40.8
3.5
41.4
3.6
42.2
41.2
41.0
41.9
41.8
41.4
42.2
40.3
41.9
40.8
39.7
42.3
36.8
40.6
40.7
3.4
41.4
3.7
41.9
40.5
40.9
41.7
41.8
41.5
42.1
40.2
42.4
40.8
39.5
42.8
37.8
39.8
40.1
3.0
40.7
3.1
40.9
40.1
40.0
41.7
42.3
40.4
41.0
39.5
41.1
39.6
38.5
42.6
37.2
40.9
40.9
3.7
41.5
3.8
41.5
40.3
41.2
41.8
42.0
41.7
41.9
40.2
42.9
40.5
39.7
42.9
37.6
41.1
40.9
3.6
41.7
3.8
41.6
40.7
41.1
42.0
42.1
41.9
42.0
40.6
42.5
40.6
39.7
43.4
37.3
40.7
40.9
3.6
41.5
3.8
41.3
40.7
40,7
41.9
41.9
41.7
42.0
40.3
42.6
40.5
39.2
42.8
37.5
40.7
40.7
3.5
41.1
3.7
41.6
40.7
40.6
41.9
40.2
41.7
41.9
40.5
41.9
40.5
39.2
'43.1
37.9
41.2
41.1
3.7
41.7
3.9
'42.0
'41.1
40.8
'42.2
41.3
42.1
42.4
'40.9
'42.6
40.6
39.7
41.5
'37.6
41.1
41.0
'3.7
41.6
'4.0
' 42. 0
40.9
'40.8
42.1
'41.3
42.3
' 42. 2
'40.4
'42.7
'40.5
39.5
41.5
36.0
40.9
40.8
3.7
41.6
4.0
41.9
40.4
40.8
41.7
41.0
42.3
42.1
40.3
42.5
40.6
39.4
40. 2
3.4
41.2
38.9
41.9
36.4
39.7
3.1
40.9
38.6
40.9
36.0
39.7
3.2
40.7
39.0
41.2
35.9
39.9
3.2
40.8
38.9
41.4
36.2
39.9
3.2
40.8
36.9
41.6
36.2
39.2
3.3
40.5
37.5
39.9
35.1
40.0
3.2
40.8
40.1
41.6
36.5
39.8
3.3
40.7
37.9
41.6
36.2
39.2
2.8
40.4
34.1
40.6
35.0
39.8
3.3
40.7
38.0
41.2
36.3
40.0
3.4
41.1
38.5
41.3
36.4
39.9
3.4
40.8
38.1
41.5
36.1
39.9
3.3
41.1
38.9
41.1
36.0
40.1
'3.5
40.9
' 38. 5
'41.6
36.5
39.9
'3.3
40.8
37.6
41.1
'36.4
39.6
3.3
40.2
37.8
41.1
35.8
43.4
38.8
42.0
42.4
42.0
38.6
42.8
38.4
41.6
42.7
41.4
38.1
42.8
38.1
41.5
42.8
41.8
38.7
42.7
38.1
41.8
42.9
41.7
39.3
43.0
38.0
41.8
42.1
41.3
38.3
42.6
37.8
41.7
42.9
41.2
37.8
42.8
38.2
41.9
42.3
41.6
38.7
42.7
38.2
41.6
42.2
41.4
38.7
42.0
37.8
41.4
42.7
40.3
38.1
43.0
38.1
41.6
42.5
41.7
38.8
43.0
38.2
41.7
42.3
41.7
38.7
43.1
38.3
41.7
42.8
41.8
38.1
42.9
38.4
41.7
42.1
41.4
37.8
'43.2
43.1
'38.4
38.6
42.0
41.9
' 42. 5 42.7
41.6
41.7
' 38. 4 '38.6
42.9
38.3
42.2
42.6
41.6
38.0
37.1
40.7
35.9
37.3
36.5
40.3
35.3
37.0
36.4
40.2
35.1
37.0
36.4
40.2
35.2
37.0
36.2
40.1
35.1
36.9
36.1
40.0
34.8
37.0
36.1
40.0
34.9
36.9
36.1
39.9
34.7
37.1
36.1
39.9
34.8
36.9
35.9
39.8
34.6
37.1
36.3
40.3
34.9
37.1
36.2
40.1
34.9
37.0
36.3
40.3
34.9
37.0
'36.1
40.2
'34.7
37.1
35.9
40.1
'34.4
37.1
35.8
39.9
34.4
36.9
Seasonally Adjusted
Man-hours in nonfarm estab., all employees,
seasonally adjusted, annual rateff
bil. man-hours..
129. 33
131. 85
132.23
133.72
133.23
132.16
134.38
133.80
134.01
134.68
135.46
135.89
136.26
136. 47
136. 16
Man-hour indexes (aggregate weekly), industrial
and construction industries, totalft
1957-59=100..
Mining..
__
do
Contract construction
do
Manufacturing
do
Durable goods
do
Ordnance and accessories _
-_.
do
Lumber and wood products
do
Furniture and
fixtures.
do ..
Stone, clay, and glass products
do
116.0
82.5
114. 1
118.0
124.5
151.2
97.7
127.6
111.1
113.7
79.9
110.9
115.8
121.4
206.3
93.3
121.7
106.4
112.2
77.4
108.9
114.6
118.9
217.1
93.0
121.6
106.0
114.7
78.9
116.5
116.1
121.1
219.9
94.7
122.2
108.5
114.7
77.4
112.2
117.0
122.4
218.9
93.9
125.1
109.0
112.0
76.0
101.7
115.7
121.6
214.9
90.8
122.6
106.6
115.9
77.9
118.8
117.3
122.5
225.6
97.6
127.0
102.6
114.9
77.8
113.1
117.0
122.3
225.2
95.4
126.7
98.7
114.0
82.1
115.7
115. 4
120.7
221.0
93.0
124.5
110.3
115.3
115.8
81.9
82.3
110.9
109.3
117.7
118.7
123. 1 . 123.7
225.4
231.8
92.8
93.3
128.9
129.6
109.9
111.1
115.5
83.9
109.1
118.3
123.8
232.4
93.9
127.4
110.6
116.3
114.8
82.9 '83.7
109.7 ' 113. 0
117.3 ' 118. 5
123.7
122.0
234.1 '234.0
94.1 '94.8
128.4 ' 129,0
111.0 '111.2
117.3
126.3
138.9
146.7
117.1
126.8
113.1
110. 0
123.7
137.3
142.5
114.1
126.5
109.0
107.0
121.3
131.9
140.3
110.3
125.1
107.2
109.7
123.0
136.3
143.2
111.3
125.7
108.1
110.1
125.3
133.1
143.3
1-18. 4
126.4
107.8
109.6
124.8
132.4
142.3
119.4
124.1
109.5
110.1
123.8
133.8
142.6
120.0
124.7
109.9
109.9
124.8
133.7
141.7
121.9
124.3
109.7
113.0
121. 2
128.8
139.2
117.9
119.3
105.3
112.2
125.2
131.6
141.9
122.5
122.1
109.6
111.1
127.0
132.2
142.5
123.0
122.4
109.9
110.8
126.2
131.0
141.8
126. 7
120.7
110.1
104.2
125.9
131.6
143.0
119.3
123.4
110.1
109.5
Nondurable goods
.
do
Food and kindred products
. .
do . . 96.2
Tobacco manufactures
_. do
85.1
106.2
Textile mill products
.do
119.0
Apparel and other textile products
do
108.6
96.0
87.7
102.5
117.1
109.0
95.6
88.0
103.6
116.3
109.6
95.6
91.3
104.3
117.5
110.1
96.2
88.9
105.7
118.0
107.9
94.7
83.5
101.5
113.5
110.5
95.2
90.5
106.9
118.7
110.1
95.2
85.5
106.5
118.0
108.5
95.3
70.7
104.1
114.8
110.8
95.5
84.6
106.0
119.6
112.1
98.0
85.7
107.0
120.8
114.9
115. 3
116.3
80.3
147.1
100.6
115.3
116.7
118.6
80.8
144.3
94.9
115. 6
115.6
119.9
82.0
150.7
95.9
115.5
115.7
120.8
82.2
151.5
98.1
117.0
115.6
121.6
81.4
150. 7
96.2
116.1
114.7
121.5
82.9
150.4
94.6
116.9
116.2
122.3
81.7
154.4
97.2
116,4
116.2
121.6
81.5
153.6
97.5
114.9
115.2
120.0
82.5
151.0
97.0
118.1
116.4
120.8
82.8
156.6
99.1
130. 24
146. 26
112. 34
135. 89
154. 95
114. 90
138.14
160. 78
116. 28
138.78
161.63
117. 50
137.70
155. 13
119. 60
136.95
151.90
117. 60
HOURS AND MAN-HOURS
Seasonally Adjusted
Average weekly gross hours per production worker
on payrolls of nonagricultural estab. :t1
Mining
hours
Contract construction
do
Manufacturing: Not seasonally adjusted... -do _ _
Seasonally adjusted
do
Overtime hours
.
do
Durable goods.
do
Overtime hours
do .
Ordnance and accessories..
do
Lumber and wood products
do
Furniture and
fixtures.
do
Stone, clay, and glass products
do ..
Primary metal industries _
do .
Fabricated metal products.
do
Machinery, except electrical. _•_
do. . . .
Electrical equipment and supplies _
do
Transportation equipment
do ..
Instruments and related products
do
Miscellaneous manufacturing inddo
Nondurable goods
Overtime hours
Food and kindred products
Tobacco manufactures.
Textile mill products
Apparel and other textile products
do
do ..
do
do
do
do
Paper and allied products. _
_ . .do
Printing and publishing
do. . . .
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, nee
do
Leather and leather products
do
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
do
do
do
do
Primary metal industries
do
Fabricated metal products
.do
Machinery, except electrical
do
Electrical equipment and supplies
do
Transportation equipment
_
do
Instruments and related products _ do . .
Miscellaneous manufacturing ind
do
Paper and allied products.
Printing and publishing
Chemicals and allied products
Petroleum and coal products.
Rubber and plastics products, nee
Leather and leather products
do
do
do
do
do
do
' 116. 0
'73.2
' 113. 3
118.6
' 123. 7
' 218. 6
'95.1
' 130. 0
' 112. 2
115.0
80.9
107.6
118.1
123.6
233. 4
94.4
130.6
112.6
' 105. 9
' 128. 0
' 133. 2
144.4
'123.4
123.2
110.6
' 105. 6
' 130. .7
' 133. 3
' 141. 4
'124.2
' 124. 3
'109.4
104. 6
130.5
135.2
141.6
122.0
124.6
108.8
111.0
95.7
85.9
107.4
118. 2
111.2 '111.7
96.6 '95.8
91.3 '86.9
106.6 ' 107. 5
117.5 ' 120. 0
' 112. 0
'96.5
'82.5
106.0
120.2
110.8
94.0
79.5
106.1
117.1
118.9
116.6
122.3
82.4
159.5
98.8
119.2
117.0
122.5
84.1
159.2
93.8
119.3 '119.3
117.5 ' 117. 0
123.3 ' 124. 2
82.0 '82.8
160.2
159.5
95.0 '96.1
120.3
118.0
124.7
'83.9
161.7
'97.3
120.2
117.6
126.0
84.4
161.3
95.5
136.45 137.10 140. 25 141. 24 144. 09
154.57 154. 94 159. 27 162. 43 164. 74
119. 36 120.18 118. 21 122. 29 123.30
11 See corre spondinj* note, b attorn of p. S-13.
145.52
167.52
122. 10
144.52 '146.35 '139.86
169. 94 '172.99 '173.64
121. 69 '125.66 '125.77
142. 96
157. 85
125. 97
WEEKLY AND HOURLY EARNINGS
Not Seasonally Adjusted
Average weekly gross earnings per production
worker on payrolls of nonagricultural estab. : t1f
Mining..
.
dollars .
Contract construction
do ...
Manufacturing establishments
do. . .
r
Revised.
*> Preliminary.
fSee corresponding note, bottom of p. S-13.
SURVEY OF CURRENT BUSINESS
December 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1968
1967
| 1967
Oct.
Annual
S-15
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.?
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
WEEKLY AND HOURLY EARNINGS— Con.
Not Seasonally Adjusted— Continued
Avg. weekly gross earnings per prod, worker on
manufacturing payrolls— Continued tj
Durable goods.---..
dollars..
Ordnance and accessories
do
Lumber and wood products
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
122. 09
133. 77
91.80
91. 72
114. 24
123. 60
132. 19
94.87
94.13
117. 31
125. 44
134. 08
98.25
97.82
120. 83
125. 66
136. 40
98.49
97.34
121. 96
129. 16
136. 73
95.92
99.84
119.81
127. 70
132. 03
93.21
93.36
116. 29
128. 54
136. 50
99.79
98.01
118.90
129. 68
133. 95
100. 50
98.42
119. 19
127. 58
130. 33
100. 90
95.26
123. 85
132. 29
133.63
102. 97
99.88
126. 30
132. 92
134. 37
106. 30
101. 52
127.62
131. 02
131.61
105. 01
99.14
126.72
130. 29
134. 05
107. 12
101. 76
128. 05
135. 01
'137. 76
'109.03
••104.33
'130.36
'135.85
'139.26
'107.94
'104.58
130. 05
136.03
140. 53
105.32
104.24
127. 91
do
do
do
do
do
do
do
138. 09
122. 11
135. 34
109. 18
141. 86
114. 93
88.80
137. 27
123. 67
135. 89
111. 35
142. 42
117. 71
92.59
137. 50
124. 38
135. 88
113. 81
146. 86
119. 23
93.93
141. 25
125. 33
137. 05
115. 18
141. 35
119. 77
94.56
143. 45
128. 52
139. 53
117. 26
152.01
121. 60
96.47
144. 35
126. 69
137. 10
115.20
151. 68
117.97
95.06
144. 70
126. 28
139. 59
116. 06
148.63
119. 54
98.85
146. 23
128.44
140. 86
115. 49
151. 62
119. 66
98.60
150. 52
124. 62
135. 71
112. 61
146. 16
115. 44
95.12
148. 54
131. 99
141. 46
116. 58
157. 38
119. 88
98.75
150. 10
132.62
141. 37
118. 15
155. 55
120. 88
99.25
148. 75
130. 41
140.11
116.51
152.52
119.39
96.36
142. 36
132. 09
139. 44
118. 37
150. 70
121.20
97.71
'148.68
136. 85
143. 82
'121.06
'160.07
'123.62
99.50
146. 88
'137.28
'145.17
'120.99
'162.00
'123.32
'100.55
147. 29
137. 80
145. 25
121. 10
165. 89
124. 44
100.69
Nondurable goods
do
Food and kindred products
do
Tobacco manufactures
_.do
Textile mill products
do
Apparel and other textile products.
do
98.49
103. 82
85.19
82.12
68.80
102. 03
107. 98
87.62
84. 25
73.08
104. 14
107. 98
86.05
88.19
73.95
105. 06
109. 47
83.42
89.03
75.14
105. 86
110. 70
85.03
89.67
74.88
103.86
109. 87
86.01
84.74
73.01
106.40
110. 28
93.61
89.64
79.57
106. 79
111. 08
92.01
89.84
80.15
104. 76
110. 09
87.30
86. 22
76.08
108. 26
113. 68
98.14
89.40
79.50
109.47
115. 36
102. 31
90.69
80.30
110. 00
115.92
99.53
89.19
79.06
111. 44
110. 55 112. 03 '111.88
114.96 116. 48 '115.21 114. 74
95.55 ' 94. 33 92.43
94.63
94.21
92.51 ' 94. 02 94.21
81.40
82.26 ' 82. 63 80.78
do
do
do. .
do
-do
do
119. 35
122. 61
125. 58
144. 58
112. 14
74.88
122. 84
125. 95
128. 96
152. 87
113. 85
78.87
125. 85
127. 25
130. 73
154.44
119. 99
80.43
125. 99
127. 64
132. 40
156. 16
119. 70
82.92
127. 74
129. 75
132. 82
150. 06
119. 55
83.28
124. 91
126. 00
132. 48
157. 36
117. 55
81.92
125. 50
128. 82
133. 02
153. 55
117. 42
85.80
125.93
130. 64
132. 70
154. 24
117. 14
85.25
123. 97
128. 22
134. 60
162. 54
113. 32
81.92
130. 59
132.94
136. 27
158. 90
121. 64
87.36
132. 32
132. 94
136. 45
163. 18
121. 42
85.31
133. 06
135. 49
136. 45
157. 78
122. 30
85.41
'135.60 134. 54
'137.39 '137.42
138. 60 138. 69
'162.49 '161.36
'125.46 125. 16
' 85. 28 '86.33
do
do
do
do _.
79.02
111. 11
68.57
92.13
82.13
116. 06
70.95
95.46
82.54
116. 98
71.20
97.20
82.67
117. 79
71.34
97.31
83.22
119. 18
72.22
98.05
83.41
118. 10
72.11
98.42
84.49
119. 40
72.80
99.26
84.85
119. 80
72.93
99.80
84.85
119. 89
73.49
100. 00
129. 13
131. 45
135. 01
159. 64
120. 22
85.47
85.32
120. 99
73.40
101. 01
87.36
122. 92
75.82
102. 12
88. 56
122. 82
77.33
102. 77
88.80
123. 22
77.33
102. 77
86.98
' 88. 08 ' 87. 47
'124.62 123. 91
123. 69
' 75. 99 ' 75. 24 75.14
104. 80
'103. 60 '104.53
3.05
3.89
2.72
2.59
2.90
2.76
3.17
2.25
2.21
2.72
3.19
4.11
2.83
2.72
3.00
2.88
3.17
2.36
2.33
2.82
3.22
4.22
2.85
2.73
3.03
2.90
3.20
2.42
2.38
2.87
3.22
4.22
2.88
2.76
3.05
2.93
3.24
2.42
2.38
2.89
3.24
4.25
2.91
2.79
3.09
2.96
3.24
2.41
2.40
2.88
3.30
4.34
2.94
2.83
3.13
3.00
3.26
2.44
2.40
2.90
3.28
4.27
2.94
2.83
3.12
3.00
3.25
2.47
2.42
2.90
3.28
4.28
2.96
2.85
3.14
3.02
3.22
2.50
2.43
2.90
3.30
4.27
2.97
2.86
3.15
3.03
3.21
2.51
2.43
2.97
3.30
4.32
2.99
2.87
3.18
3.04
3.22
2.53
2.46
3.00
3.32
4.29
3.00
2.87
3.18
3.04
3.23
2.58
2.47
3.01
3.33
4.34
3.00
2.88
3.18
3.05
3.21
2.58
2.46
3.01
3.33
4.38
2.99
2.86
3.17
3.03
3,23
2.60
2.47
3.02
3.38
'4.47
'3.05
2.90
3.23
3.08
'3.28
'2.64
'2.52
3.06
'3.33
'4.51
'3.06
'2.92
'3.25
'3.09
'3.30
2.62
2.52
3.06
3.47
4.51
3.08
2.94
3.27
3.12
3.33
2.62
2.53
3.06
do
do.
do
do
.do
do
do
3.28
2.88
3.09
2.65
3.33
2.73
2.22
3.34
2.98
3.19
2.77
3.44
2.85
2.35
3.37
2.99
3.22
2.81
3.48
2.88
2.36
3.42
3.02
3.24
2.83
3.49
2.90
2.37
3.44
3.06
3.26
2.86
3.56
2.93
2.43
3.47
3.09
3.28
2.88
3.62
2.92
2.45
3.47
3.08
3.30
2.88
3.59
2.93
2.49
3.49
3.11
3.33
2.88
3.61
2.94
2.49
3.55
3.10
3.31
2.88
3.60
2.93
2.49
3.52
3.15
3.36
2.90
3.66
2.96
2.50
3.54
3.15
3.35
2.91
3.66
2.97
2.50
3.55
3.15
3.36
2.92
3.64
2.97
2.49
3.55
3.16
3.36
2.93
3.64
3.00
2.48
' 3. 60
3.22
3.40
2.96
'3.74
'3.03
2.50
'3.60
'3.23
'3.44
'2.98
'3.75
3.03
'2.52
3.61
3.25
3.45
2.99
3.84
3.05
2.53
do
do
do.
do
do
.do
do
do
.do
do
do
do.
do
do
do
.do
2.45
2.35
2.52
2.19
1.96
1.89
2.75
3.16
2.99
3.41
2.67
1.94
2.13
2.73
1.91
2.47
2.57
2.47
2.64
2.27
2.06
2.03
2.87
3.28
3.10
3.58
2.75
2.07
2.25
2.88
2.01
2.58
2.61
2.50
2.64
2.13
2.12
2.06
2.92
3.34
3.15
3.60
2.85
2.10
2.28
2.91
2.04
2.62
2.62
2.52
2.67
2.15
2.13
2.07
2.93
3.35
3.16
3.64
2.85
2.11
2.29
2.93
2.05
2.63
2.64
2.54
2.70
2.22
2.14
2.08
2.95
3.37
3.17
3.59
2.86
2.13
2.28
2.95
2.04
2.65
2.67
2.57
2.74
2.35
2.14
2.11
2.96
3.36
3.20
3.72
2.86
2.15
2.33
2.96
2.09
2.66
2.68
2.58
2.75
2.47
2.16
2.18
2.96
3.39
3.19
3.70
2.85
2.20
2.36
3.00
2.11
2.69
2.69
2.59
2.77
2.48
2.17
2.19
2.97
3.42
3.19
3.69
2.85
2.22
2.37
3.01
2.12
2.69
2.70
2.61
2.78
2.56
2.15
2.18
2.98
3.41
3.22
3.78
2.84
2.22
2.37
3.02
2.13
2.71
2.72
2.62
2.80
2.61
2.17
2. 19
3.01
3.45
3.23
3.73
2.89
2.22
2.39
3.04
2.14
2.73
2.73
2.62
2.80
2.63
2.18
2.20
3.03
3.48
3.26
3.73
2.91
2.24
2.40
3.05
2.16
2.76
2.75
2.63
2.80
2.64
2.17
2.19
3.07
3.48
3.28
3.76
2.94
2.21
2.40
3.04
2.16
2.77
2,75
2.64
2.77
2.45
2.24
2.23
3.08
3.51
3.28
3.73
2.94
2.23
2.40
3.05
2.16
2.77
2.78
2.66
2.80
'2.37
2.26
2.26
3.11
3.55
3.30
3.77
'2.98
2.25
2.44
'3.10
2.19
'2.80
'2.79
2.67
2.81
2.37
2.27
'2.27
3.10
'3.56
3.31
'3.77
2.98
2.26
' 2. 45
3.09
2.20
'2.81
2.80
2.69
2.84
2.51
2.27
2.25
3.11
3.56
3.32
3.80
2.99
2.27
2.45
3.10
2.21
2.84
4.040
5.747
1 42
3.335
4.061
5.750
4.061
5.750
4.162
5. 865
4.224
5.974
4.307
6.102
4.317
6.134
1.41
3.358
3.349
3.254
4.234
5.989
1 45
4.287
6.073
3.380
4.076
5.761
1 43
3. 357
103. 43
87.21
104. 85
88.11
105. 50 2 103.23
88.28 2 86. 10
106. 38
88.43
107. 16
88.64
106. 23
87.43
105. 91 '108. 98
86.88 ' 89. 18
109. 06
88.74
56, 444
46,852
38.1
37.9
108. 59
2.85
S-13.
56,479
46,816
38.2
37.9
109.25
2.86
56, 746 '56,793 '56,822
47, 053 '47,127 '47,125
38.1 '37.8
38.3
38.0 '37.7
37.9
110.
87 '110.38
109. 54
2.92
2.91
2.86
Primary metal industries
Fabricated metal products.
Machinery, except electrical. _.
Electrical equip, and supplies
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind..
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nec._
Leather and leather products
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Average hourly gross earnings per production
worker on payrolls of nonagricultural estab.rf
Mining..
dollars..
Contract construction ._
do
Manufacturing
do
Excluding overtime
do
Durable goods. __
...
do
Excluding overtime
do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and
fixtures
do
Stone, clay, and glass products
...do
Primary metal industries...
Fabricated metal products.
Machinery , except electrical
Electrical equip, and supplies
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind.—
Nondurable goods
Excluding overtime
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, iiec
Leather and leather products
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Miscellaneous hourly wages:
Construction wages, 20 cities (ENR) :
Common labor...
$perhr_.
3.623
3.887
3.997 4.001 4.009
Skilledlabor
. do
5.660
5.713
5.207
5.527
5.687
1.23
1.33
1.29
Farm, without board or rm., 1st of mo
do....
3.262 3.312 3.338
i 3. 106 i 3. 293
Railroad wages (average, class I)
do
Spendable Weekly Earnings f J
Spendable average weekly earnings per worker (with
three dependents) in manufacturing industries:
Current dollars
101.15 102. 37 103. 35 105. 04
99.46
Constant dollars
1957-59 dollars
87.89
86.98 87.12 87.73 88.87
PRIVATE SECTOR SERIESf^
Not Seasonally Adjusted
Excludes government employees:^
54,414 54, 982 55,386 55, 766
Employees, total, nonagricultural estab
thous. . 53, 163
Production or nonsupervisory workers
do.. . . 44,281 45, 130 45, 618 46, 008 46, 360
Hrs. (gross), av. weekly: Unadjusted— hours..
38.0
38.6
38.0
38.0
38.0
Seasonally ad j .do .
37.9
38.0
37.8
Weekly earnings (gross), average
dollars..
98.82
101. 84 103. 36 103. 74 103. 74
2.72
2.73
Hourly earnings (gross), average
do
2.56
2.68
2.73
' Revised.
v Preliminary.
1 Includes adjusterlents not <listribute I by moriths.
2
Effective Apr. 1968, data reflect income tax sureiharge im posed by the Rev enue an 3
Expenditure Control Act.
fSee corresponding not e, bottom of p. S-KJ.
53, 989 54, 257 54, 520 55,208 55, 497
44, 582 44, 837 45, 068 45, 742 45, 988
37.3
37.7
37.6
37.3
37.6
37.8
37.6
37.9
37.8
37.6
102.95 104. 53 104. 90 104. 44 106. 69
2.83
2.79
2.80
2.76
2.78
U S e e correspending n ote, bott omof p.
134. 35
136.35
140. 44
161. 88
124. 98
86.26
4.321
6.150
56,951
47,253
37.4
37.4
109. 21
2.92
December 1968
SURVEY OF CUREENT BUSINESS
S-16
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual
1967
Oct.
Nov.
1968
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HELP- WANTED ADVERTISING
Seasonally adjusted index
1957-59 = 100. _
LABOR TURNOVER
Manufacturing establishments:
Unadjusted for seasonal variation: A
Accession rate, total
mo. rate per 100 employees..
New hires
__
do
Separation rate, total
do
Quit
do
Layoff
do
Seasonally adjusted: A
Accession rate, total
_
do
New hires.
do
Separation rate, total
do
Quit
do
Layoff
do
190
182
186
187
190
184
193
202
188
187
189
185
198
'219
"212
5.0
3.8
4.6
2.6
12
4.4
33
4.6
2.3
14
4.7
37
47
2.5
13
3.7
28
40
1.9
13
2.8
20
39
1.5
16
4.2
30
4.4
2.0
15
3.8
27
39
1.9
12
3.9
29
41
21
I i
4 3
32
41
2 2
10
46
35
4 3
2 4
10
5.9
47
41
2.3
9
4.9
37
50
2.3
17
5.7
43
6.0
3.7
12
5.7
'4
5
r
6.3
4.1
I i
4.9
3.9
4.9
2.8
12
4.5
3.4
4.5
3.3
4 4
3.4
4.5
3.5
4 5
3.3
41
3.4
4 7
3.5
46
3.4
45
3.3
4.6
3.5
r
23
1.2
23
1.2
2 3
1.2
2 3
1.4
25
14
24
12
2 3
1.1
2 5
13
24
1.1
2.4
1.2
4.5
3.4
5.0
2.6
1.3
4 7
3.5
4. 7
24
12
4 7
3.6
4.6
26
1i
4,595
2,870
449
179
360
277
182
74
310
135
330
232
330
130
490
438
600
252
500
167
370
163
420
140
400
151
480
267
42 100
727
459
7 110
653
559
3,210
445
210
2 550
470
211
2,520
500
326
3,780
510
302
3, 550
690
545
4,910
810
580
5 650
750
331
4,260
630
316
3,810
690
290
3,660
670
268
2 820
720
379
3 570
INDUSTRIAL DISPUTES
Strikes and lockouts:
Beginning in period:
4,405
Work stoppages .
._
number
1,960
Workers involved
_ thous
In effect during month:
Work stoppages . _ _
number
Workers involved
thous.
Man-days idle during period
do
25, 400
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placements
_ _ thous
6,493
Unemployment insurance programs:
Insured unemployment, all programs©
do
1,123
State programs:
Initial claims
do
10 575
Insured unemployment, weekly avg do
' 1, 061
Percent of covered employment: d"
2.3
Unadjusted
Seasonally adjusted
Beneficiaries, weekly average
_ thous
895
Benefits paid
mil. $
1 771
Federal employees, insured unemployment,
weekly average
_ _ . _ _ thous
20
Veterans' program (UCX) :
182
Initial claims
do
21
Insured unemployment, weekly avg do.
19
Beneficiaries, weekly average
do
39.5
Benefits paid
mil. $
Railroad program:
Applications
thous
145
Insured unemployment, weekly avg do
20
Benefits paid
_ _ _ _ _ _ _ _
mil. $
39.3
5,817
540
460
380
419
400
438
482
496
538
542
531
561
1 270
953
1 068
1 338
1,718
1,651
1, 478
1 214
1 025
942
1,057
1,023
867
11 760
1 205
798
889
910
997
1 149
1 259
1,460
1,624
969
1,556
762
1,390
822
1 142
696
964
642
883
1,080
991
778
955
604
802
2 5
1,017
2 092
18
2.4
713
122 1
2 0
2.3
776
134 9
2 6
2.3
942
159 2
3.3
2.3
1,317
248.5
3.2
2.3
1,374
243. 7
28
23
1,298
231 1
23
2.2
1,060
195 1
20
2.2
844
159 1
18
2.2
794
129 1
2.0
2.3
770
145.6
19
2.3
804
150.0
16
22
687
121 4
20
20
21
23
28
29
26
23
20
19
20
20
19
222
23
21
46.3
20
22
19
3.5
22
26
21
40
25
33
26
4 6
31
40
36
6.9
24
40
38
6.7
21
36
39
70
18
29
26
49
17
25
23
4 7
20
25
25
4 5
28
30
25
5.3
26
32
29
5.9
22
28
26
52
241
20
40.6
56
21
4.2
54
23
4.1
39
23
4.4
25
26
4.7
12
27
4.0
15
26
4.1
8
20
33
4
16
2.6
13
14
2. 1
19
16
2.3
10
16
3.1
18
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
mil. $
Commercial and finance co. paper, total
do
Placed through dealers
do
Placed directly (finance paper) __
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period.
mil $
Farm mortgage loans:
Federal land banks
do
Loans t o cooperatives _ _ _ _ _
do
Other loans and discounts
do
3 603
13, 279
3 089
10, 190
4 317
17, 084
4 901
12, 183
4 136
16 777
5 186
11, 591
4,218
17, 147
5,136
12, Oil
4 317
17, 084
4 901
12, 183
4 312
18, 370
5 216
13, 154
4,266
17, 813
5,493
12, 320
4 336
18, 487
5 832
12 655
4 430
17 509
5 930
11, 579
4 359
18,417
5 761
12, 656
4 286
18, 798
5 822
12, 976
4,330
19, 746
6,270
13, 476
4,418
20, 734
7,091
13, 643
4,327
20, 264
7,737
12, 527
4 420
20, 839
7 592
13 247
9 452
10 848
10 661
10 675
10 848
11 012
11, 188
11 361
11 488
11 598
11 730
11, 830
11,809
11, 722
11 734
4 958
1,290
3 205
5 609
1*506
3 733
5 502
1 438
3 721
5 546
1,475
3 654
5 609
1,506
3 733
5 661
1,565
3,785
5,721
1,595
3,871
5 793
1,598
3 970
5 853
1,549
4 085
5 923
1,482
4 193
5 973
1,454
4 302
6 004
1,454
4,372
6,033
1,450
4,326
6 064
1,479
4,179
6 094
1,551
4 090
7, 369. 4 7,263.9
3, 323. 4 3, 216. 8
4, 046. 0 4,047.1
1, 584. 8 1,593.3
2, 461. 2 2,453.8
7,218.7
3, 197. 9
4, 020. 8
1,601.6
2, 419. 2
7,500 7
3,285 5
4, 215. 2
1, 673. 5
2,541 7
7 614.0
3, 370. 6
4, 243. 4
1, 722. 0
2 521.4
7, 948. 5
3, 595. 0
4, 353. 5
1, 771. 0
2 582.5
8, 163. 0
3, 726. 1
4, 436. 9
1, 807. 9
2, 629. 0
8, 521. 8
4, 079. 6
4, 442. 2
1,825.2
2, 617. 0
8, 368. 4
3, 857. 8
4, 510. 6
1, 840. 2
2, 670. 4
8 599 8
3, 953. 7
4, 646. 1
1, 904. 9
2 741 2
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (233 SMSA's)O_
bil. $
New York SMSA
do
Total 232 SMSA's (except N.Y.)
do
6 other leading SMSA 'sf
do
226 other SMSA's .
do
5 923 1
2, 502. 2
3, 420. 9
1, 328. 1
2 092 7
6 661 5
2 921. 2
3 740.3
1, 471. 8
2 268 5
6 993 0
3 102 4
3 890 6
1, 537. 7
2 352 9
6 997 7
3 100 8
3 896 9
1, 557. 8
2 339 1
7, 047. 0
3, 149. 7
3, 897. 3
1, 515. 4
2, 381. 9
Federal Reserve banks, condition, end of period:
Assets, total 9
---mil $
70 332
75 330
71 383
73 418
75 330
74, 319
73, 462
72, 892
74 393
74 736
75 510
76, 296
75 592
77, 388
77 215
78 977
50,869
76
48, 931
12,392
51,948
141
49, 112
11,481
51,434
843
49, 092
11, 484
51, 056
166
48, 952
11,384
52, 127
672
49, 691
10,131
52, 612
741
50, 507
10, 128
53,436
1,026
50, 625
10, 026
54, 610
305
52, 230
10,025
54,880
736
52, 397
10,025
55, 461
529
53,044
10, 026
54, 707
390
53,279
10, 026
55,919
179
53,329
10,026
56,226
471
53, 350
10, 026
Reserve bank credit outstanding, total 9__do
Discounts and advances
do
U.S. Government securities
do
Gold certificate reserves
do
Liabilities, total 9
Deposits, total
_
Member-bank reserve balances
Federal Reserve notes in circulation
47, 192
173
44, 282
12, 674
51, 948
141
49, 112
11, 481
48, 873
120
47,390
12,410
do
70, 332
75 330
71 383
73 418
75 330
74, 319
73, 462
72, 892
74 393
74 736
75, 510
76, 296
75 592
77 388
77 215
78 977
do
do
do
20 972
19, 794
40, 196
22 920
20, 999
42, 369
21 877
20, 604
40, 628
22 837 22 920
20,648 20, 999
41, 488 42, 369
23 614
21, 838
41, 365
23 040
21, 195
41,211
22 614
21, 133
41, 490
22 885
21, 221
41, 811
23 217
21, 334
42, 137
23 196
21,462
42, 534
23 496
21, 702
42, 857
23 314
21,808
43,179
22 949
21,233
43, 273
23 935
22,316
43,472
23 667
22, 533
44,481
31.5
27.1
30.5
27.8
27.6
24.4
24.2
23.8
23.6
23.4
23.2
23.2
23.1
22.5
Ratio of gold certificate reserves to FR note
liabilities
_
percent..
29.9
'Revised.
? Preliminary.
AAdjusted to new benchmarks and seasonal factors; see note "If," p. S-13.
©Excludes persons under extended duration provisions.
cflnsured unemployment as % of average covered employment in a 12-month period.
27.1
OTotal SMSA's include some cities and counties not designated as SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los
Angeles-Long Beach.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
December 1968
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
| 1967
End of year
S-17
1967
Oct.
Nov.
1968
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
25 580
25, 224
25, 546
25, 276
25 505
25 085
25, 713
25, 362
420
351
746
—326
692
—341
July
Aug.
Sept.
Oct.
Nov.
FINANCE—Continued
BANKING- Continued
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held, total
. mil. $
Required
- --do _
Excess
__
.
do
Borrowings from Federal Reserve banks. __do
Free reserves
do
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:
Deposits:
Demand, adjustedc?
mil. $
Demand, total 9
do
Individuals, partnerships, and corp
do
State and local governments
__do
U S. Government
do
Domestic commercial banks
do
1
1
23, 830 i 25, 260
23, 438 i 24, 915
1392
1345
1557
1238
1
1
-165
107
24,608
24, 322
286
126
160
24,740
24,337
403
133
270
25, 260
24 915
345
9052
Zoo
107
25, 834
25,453
381
237
144
25 610
25, 211
399
361
38
356
671
—315
270
683
—413
26,001 26 069 r 26 077 r 26 653
25,702 ''29 694 r 25 694 r 26* 393
r
r
299
'375
383
260
525
565
515
'427
r
r
—226
— 190 r_ 132
— 167
26 755
26 472
283
569
286
75, 120
114, 765
83, 108
6,137
3,882
13,838
81 848 77, 183 76, 649 81 848 78 598 75 721 76 244 78 384 76 136 76 164
127 277 118, 625 113, 421 127 277 120 128 116 456 117 044 121 317 115 108 123 430
92,380 84,808 83,521 92,380 86,053 82, 761 84, 721 86, 147 83, 860 87^ 998
6,683
6,301
6,231
5,607
6, 231
5,984
7,121
5,946
5,620
6,202
2 793
3,368
3 818
3 818
5 467
3 323
3 107
4 031
6 515
5 208
15, 752 13,960 12, 774 15, 752 13, 298 12,785 14, 202 13,394 13,135 15, 837
78 839 76 793 78 029 79 134 78 964
122 373 117 004 127 364 123 574 125 007
87,330 84,929 88, 412 88,655 91,' 495
6,247
5,516
6,366
6,175
6,175
1 49Q
3 774
3 055
5 485
3 990
14,582 13,635 16, 216 14,896 15, 596
do
89 639
102 921 102, 189 102, 969 102 921 104 178 104 961 104 696 104 080 104 170 104 118
106 411 108 259 109 359 110 771 111 937
do
do
47 213
29 002
48 864
38 273
48 438
37 949
48 533
38, 788
48 597
40' 006
48 274
41 972
do
do
do
do
do
do
134, 761
60, 779
6,691
11, 228
27 492
34 729
143 966
66, 290
8,350
10 470
28 988
37 700
139,217
63,401
7,791
10, 428
28 531
35 730
138,213 143 966 141, 762 140 511 142 078 144 872 143 667 148 695
63, 733 66,290 64,994 65,057 67,013 67, 757 67, 054 69, 222
6,817
8,360
8,350
7,562
6,736
6,578
7,689
6,938
9,773 10 470
9 676
9 303
9 634 10 608
9 597 10 540
28 754 28 988 29 035 29 106 29 268 29 543 29 844 30 226
35, 597 37 700 36 293 36 431 36 092 37 016 37 779 38 945
149 811
69, 181
8,839
10 377
30 434
38 202
Investments, total
do
51 502
U.S. Government securities, total
do____ 24, 803
Notes and bonds
_-do
19 816
Other securities
do
26 699
Commercial bank credit (last Wed. of mo. , except
for June 30 and Dec. 31 call dates) , seas. adj.:|
Total loans and investments©
bil. $._ 2 310. 5
LoansO
do
2208.2
U.S. Government securities
do
53.6
2
Other securities
do
48 7
Money and interest rates: §
Bank rates on short-term business loans: f
In 35 centers
percent per annum..
New York City
do....
7 other northeast centers
do . .
8 north central centers. _ _
.do
7 southeast centers
_
do
8 southwest centers
do
4 west coast centers
_.do
Discount rate (N.Y.F.R. Bank), end of year or
month
percent..
4.50
Federal intermediate credit bank loans
do
35.82
3
Federal land bank loans
do
5.74
Home mortgage rates (conventional 1st mortgages) :t
New home purchase (U.S. avg.)
percent-36.14
Existing home purchase (U.S. avg.)
_do
36.30
Open market rates, New York City:
Bankers' acceptances (prime, 90 days)
do
45.36
Commercial paper (prime, 4-6 months).. do
45.55
Finance Co. paper placed directly, 3-6 nio.do_.__
<5.42
Stock Exchange call loans, going rate
do
<5.78
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent.. 44.881
4 5 16
3-5 year issues
do
61 804
28^ 371
22 322
33 433
61 677
28,915
21, 842
32, 762
61, 485
28,400
22, 436
33, 085
61 804
28,371
22 322
33, 433
62 057
28,080
22 057
33 977
62 927
28,738
23 870
34 189
61 482
27, 208
23 423
34 274
60 885
26, 005
23 210
34 880
61 136
26, 494
23 942
34 642
60 083
25, 327
23 382
34 756
62 131
27,070
23 253
35 061
27, 781
24 401
36 348
346. 5
225.4
59.7
61 4
342. 0
221.4
61.9
58 6
344.3
222.7
61.2
60.4
346.5
225.4
59.7
61 4
349.9
227.5
60.0
62 4
353.9
229.2
62.0
62 7
352.5
229.0
59.9
63 6
355.2
231.4
60.3
63 4
357.3
232.6
61.0
63 6
357.8
233.5
60.4
63 9
365.9
238.4
63.1
370.4
241.1
63.9
Time, total 9
Individuals, partnerships, and corp.:
Savings
Other time
Loans (adjusted) , totalcf
Commercial and industrial
For purchasing or carrying securities
To nonbank financial institutions
Real estate loans
Other loans
_
48 864
38 273
48 516
39 639
5.96
5.71
6.29
5.91
5.94
6.03
6.03
35.99
3
5.72
36.34
35.96
35.96
36.06
36.09
48 620
39 910
48 990
39 632
48 386
39 113
48 470
39 295
PA d.
6.84
6.60
7.19
6.89
6.61
6.87
6.76
6 36
6.14
6.73
6 35
6 21
6.41
6.31
48 269
43 042
48 512
44 023
48 522
4^ Iflfi
40 fi79
4K Q9C
148 615 153 411 151 927 154 024
68, 134 69, 693 69,686 71, 178
8,751 10, 245
8,296
7,691
9 789 10 587 10 253 10 2R7
30 740 31 057 31 462 q-i 7K9
38 681 40 141 39* 498 4.0 48 f»
OA 19Q
cc c
6
6
7
6
6
6
6
66 239
28, 602
24 701
37 637
fis n^i
30,099
24 770
37 952
28, 231
374.8
243.8
64.0
67 0
379.6
246.9
64.2
381.6
250.4
61.0
7n 9
CO
K
fifi K9K
94 Aon
OQ 904
89
67
16
96
74
86
86
4.50
35.88
36.02
4.00
5.66
6.00
4.50
5.78,
6.00
4.50
5.82
6.24
4.50
5.98
6 68
4.50
6.10
6 71
5.00
6.21
6 71
5.50
6.30
6 71
5.50
6.37
6 75
5.50
6.47
6 92
5.50
6.57
6 96
5.25
6.61
6 96
5.25
6.61
6 96
5.25
6.59
6 96
3
6.33
36.40
6.34
6.39
6.33
6.42
6.41
6.51
6.39
6.57
6.47
6.58
6.50
6.59
6.57
6 64
6.69
6.81
6.88
6.97
7.04
7 10
7.10
7 12
7.10
7 11
7.08
7 08
4
4. 75
45.10
44.89
45.66
4.88
5.07
4.96
5.50
4.98
5.28
5.17
5.68
5.43
5.56
5.43
6.00
5.40
5.60
5.46
6.00
5.23
5.50
5.25
6.00
5.50
5.64
5.40
6.00
5.75
5.81
5.60
6.18
6.04
6.18
5.99
6.50
5.96
6.25
6.04
6.50
5.85
6.19
6.02
6.50
5.66
5.88
5.74
6.50
5.63
5.82
5.61
6.50
5.79
5.80
5.59
6.50
5.97
5.92
5.75
6.50
4 4. 321
4
5 07
4.588
5.52
4.762
5.73
5.012
5 72
5.081
5 53
4.969
5 59
5.144
5 77
5.365
5 69
5.621
5 Q5
5.544
5 71
5.382
K 44
5.095
509
5.202
5.334
5 49
5.492
5 47
K Of|
5.25
CONSUMER CREDIT
(Short- and Intermediate-term)
Total outstanding, end of year or month. ...mil. $..
94, 786
99, 228
96, 094
96,802
99, 228
98, 225
97, 672
97, 875
do
74, 656
77, 946
76, 223
76,680
77, 946
77, 467
77 327
77, 581
78 345
79, 270
80, 363
81 308
82 455
82 940
83 832
do
do___.
do
do
30,961
19, 834
3,751
20 110
31, 197
21, 328
3,731
21 690
31, 237
20,042
3,746
21, 198
31,217
20,340
3,748
21, 375
31, 197
21, 328
3, 731
21 690
31, 061
21, 097
3,678
21,631
31, 137
20, 785
3,653
21 752
31,380
20, 692
3,636
21 873
31 766
20, 802
3,649
22 128
32, 240
20, 953
3,699
22 378
32, 774
21, 176
3,727
22,686
33 253
21, 356
3,769
29 930
33 684
21, 637
3,823
90 01 1
33 677
21, 849
3,849
23 565
34 025
22, 146
3,876
23 785
65 565
32, 155
16 936
8,549
6,014
1 911
68 273
33 992
16 851
9 169
6,294
1 967
67, 513
33, 723
16, 698
9,054
6,086
1,952
67,763
33,819
16, 722
9,113
6,138
1,971
68 273
33, 992
16 851
9 169
6,294
1 967
68,076
34, 017
16, 775
9,063
6,251
1,970
68 215
34, 155
16 706
9,094
6,270
1 990
68, 570
34, 411
16 700
9,172
6,289
1 998
69 332
34 908
16 790
9 311
6,336
1 987
70 231
35, 450
16 892
9 475
6,361
2 053
71, 272
35, 980
17, 095
9,671
6,470
2 056
72 199
36 521
17 265
9 787
6,552
2 074
73 262
37 113
17 454
9 955
6, 626
2 114
73 688
37 381
17 455
10 069
6,663
2 120
74 455
37* 828
17 597
10 183
6^706
2 141
Retail out lets, total
do
8,710
8,917
9,091
9,673
9,673
Automobile dealers
do
506
506
490
506
506
Noninstallment credit, total
do
20, 130
21, 282 19,871 20, 122 21, 282
Single-payment loans, total
do
8,237
8,189
7, 844
8,267
8,267
Commercial banks
_.
do
7,034
7,001
7 064
6,714
7 064
Other financial institutions
do __
1,203
1,203
1,130
1 203 1,188
Charge accounts, total
do
6,614
7,144
6,471
7,595
7,595
Credit cards
do
874
1,046
1,054
1,056
1,054
Service credit
do
5,420
5,271
5,142
5,211
5,420
r
Revised.
* Average for Dec.
2 Effective with the June 9 change in Federal Reserve regulations,
data exclude loan balances accumulated for payment of personal loans (about $1.1 bil.); beginning
June 30, about $1 bil. of certificates, formerly in "other loans," are in "other securities."
3
Average for year.
4 Daily average.
tfFor demand deposits, the term "adjusted" denotes demand deposits other than domestic
commercial interbank and U.S. Government, less cash items in process of collection; for
9,391
9,112
9 109
20, 797
8,488
7 246
1 242
6,559
1 069
5,750
9,039
531
21,005
8,508
7 242
1 266
6,830
1 092
5,667
9,091
20, 345
8,325
7,098
1,227
6,386
1,040
5,634
9,011
514
20,294
8,370
7,136
1,234
6,263
1,025
5,661
9,013
20, 758
8,288
7,075
1,213
6,970
1,081
5,500
21, 104
8,519
7 259
1 260
6,912
1 144
5,673
Installment credit, total
Automobile paper
Other consumer goods paper.
Repair and modernization loans
Personal loans
By type of holder:
Financial institutions, total
Commercial banks
Sales finance companies
Credit unions
.
Consumer finance companies.
Other.
326-377 O - 68 - 6
do
do
_ do ..
.do _do
. _ do
99, 142 100,275 101, 467 102, 439 103, 775 104,322 105,339
9 252
9 377
9 193
557
563
557
21,320
21, 131
21,382 21,507
8,622
8,543
8,812
8,728
7 279
7 338
7 431
7 503
1 264
1 284
1 297 1*309
7 176
6 955
7 085
7 048
1 297
1 988
1 326
1 310
5, 633
5,613
5,519
5.606
loans, exclusive of loans to domestic commercial banks and after deduction of valuation
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
9Includes data not shown separately.
tRevised monthly data for commercial bank credit
for 1948-June 1967 appear on p. 44 of the Sept. 1968 SURVEY; those for home mortgage rates
for 1965-66 will be shown later.
©Adjusted to exclude interbank loans.
§For bond
yields, see p. S-20.
fBeginning Feb. 1967, series revised to cover 35 centers and exclude
rates for certain loans formerly included (see May 1967 Federal Reserve Bulletin).
504
507
522
540
549
SURVEY OF CUREENT BUSINESS
S-18
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual
December 1968
1968
1967
Oct.
Nov.
Deo.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FINANCE—Continued
CONSUMER CREDIT— Continued
Installment credit extended and repaid:
Unadjusted:
Extended, total__
Automobile paper
Other consumer goods paper
All other
*
Repaid, total
Automobile paper
Other consumer goods paper __
All other
Seasonally adjusted:
Extended, total
Automobile paper
_
Other consumer goods paper
All other
Repaid, total.. .
Automobile paper
_
Other consumer goods paper
All other .
78, 896
28, 491
23, 502
26 903
81, 263
27, 221
25, 787
28 255
6,912
2,355
2 215
2 342
7,032
2,222
2 375
2 435
7 829
2 094
3 088
2 647
6 363
2 178
1 992
2 193
6,372
2,301
1 854
2 217
7,100
2,589
2 140
2 371
7,694
2,789
2 280
o 625
7,883
2,875
2,334
2 674
7,693
2,761
2,302
2 630
8,206
2,986
2,396
2 824
8,070
2,783
2,447
2 840
7,330
2,367
2,381
2,582
8,232
2,943
2,558
2,731
72, 805
26, 373
21, 361
25 071
77,973
26, 985
24, 293
26 695
6 728
2 414
2,087
2 227
6 575
2 242
2,077
2 256
6
2
2
2
563
114
100
349
6
2
2
2
842
314
223
305
6 512
2,225
2,166
2 121
6 846
2 346
2,233
2 267
6 930
2,403
2,170
2 357
6 958
2,401
2,183
2 374
6,600
2,227
2,079
2,294
7,261
2,507
2,216
2,538
6,923
2,352
2,166
2,405
6,845
2,374
2,169
2,302
7,340
2,595
2,261
2,484
do
do
do
do
6 942
2 321
2,165
2,456
7 032
2 305
2,242
2,485
7 035
2*306
2 321
2 408
7
2
2
2
089
437
223
429
7,245
2,519
2,250
2,476
7 380
2 567
2,331
2,482
7,342
2,517
2,354
2,471
7 479
2,578
2,319
2,582
7,516
2,574
2,364
2,578
7,683
2,669
2,363
2,651
7,788
2,679
2,432
2,677
8,023
2,781
2,497
2,745
8,074
2,808
2,447
2,819
do
do
do
do
6 631
2,301
2 093
2 237
6 614
2,240
2 105
2 269
6 652
2,250
2 167
2 235
6
2
2
2
691
302
088
301
6,679
2,308
2,110
2,261
6,814
2,330
2 173
2,311
6,800
2,339
2,159
2,302
6,869
2,343
2 159
2 367
6,884
2,337
2,183
2,364
7,001
2,405
2,185
2,411
6,935
2,352
2,181
2,402
7,334
2,529
2,318
2,487
7,142
2,461
2,226
2,455
8 579
10 888
12 367
mil. $
.do
do
do
do
do
_ do
do
__
FEDERAL GOVERNMENT FINANCE
Budget receipts, expenditures, and net lending: ^
Expenditure account:
Receipts (net).. . .
mil. $ *149 555
Expenditure (excl. net lending)
do.. . .1 153, 184
1
Expend, acct. surplus or deficit (— ) _do
—3, 629
Loan account:
1—5 178
Net lending
do
i_g 807
Budget surplus or deficit (—).....
do
Budget financing: ^
Borrowing from the public
do
i 2, 848
1
Reduction in cash balances
do
5,959
1
Total, budget
financing
do
8, 807
Gross amount of debt outstanding^
do. .
Held by the public ...
. d o
1153 485
956
— 19,471
1
172,
l
1—5 936
1—25 407
i 23, 090
1
2, 317
25, 407
1
Surplus or deficit (— )
do
19, 476 11, 706 13, 195
14, 486 13, 961 16, 161
4,990 —2,255 -2, 966
18, 746 10,733
16,024 16, 570
2,722 -5,837
—589
—688
—611
—3 233 —2 296 —3 053
—479
—856
3 368 —4 529
-313
—189
—984
4,006 -2, 567 -3, 155
-207
-286
2, 515 -6, 122
4,055
2,841
-1, 626
2,801 -3, 769
314
-237 -1,488
-1, 742
1,728
2,567
-3,368
3,155
4,529 -4, 006
367, 749 373,185 369, 776 373,356 378, 018
291, 542 294 345 290, 576 294, 631 297, 472
3,132
-4, 525
2,990
2,010
6,122
-2, 515
372,616 375,374
292, 947 296, 121
708
4 348
10 888
5 464
588
2 067
2 967
12 367 12 220
8 152
4 828
940
4 224
1,583
1 536
1 952 2 046
12 087
6 901
1
Expenditures and net lending, total 9
do
158,
362 1178,892
1
Agriculture Department
do
5, 841 1 7, 326
Defense Department, military
do . . 1 67, 453 1 77, 190
Health, Education, and Welfare Department
1
do
34, 950 141,251
Treasury Department
do
1 13 045 1 14, 719
National Aeronautics and Space Adm
do
i1 5, 423 i 4, 722
Veterans Administration
_
do
6, 688 i 7, 037
Federal Government expenditures, total... do
Purchases of goods and services
do
National defense.
do
Transfer payments
_
do._ .
Grants-in-aid to State and local govts
do
Net interest paid.
do
Subsidies less current surplus of government
enterprises
bil. $ .
19 045 11 711
15, 199 15, 385
3,847 —3 674
3,976
4, 081 -1,345
-743 -1, 785
4,398
3,233
2,296
3,053
356 375 360 988 361 977 365, 021 370, 637 368, 862
281 401 285 749 286 457 290 433 294 512 293 169
5 361
Budget receipts by source and outlays by agency: H
Receipts (net), total
mil $ 1149 555 1153 485
8 579
1
Individual income taxes (gross)
do
69 371 11 78 218 4*469
1
Corporation income taxes (gross)
do
34 918 1 29 889
913
Employment taxes (gross)
.
do
27, 576
1 26 483
1 362
Other
do
1 28 365 i 29 177
2 016
Receipts and expenditures (national income and
product accounts basis), qtrly. totals seas. adj.
at annual rates:
Federal Government receipts, total
bil. $
Personal tax and nontax receipts
_ .do
Corporate profit tax accruals
do
Indirect business tax and nontax accruals do
Contributions for social insurance .
do
12 220 12 087 11 870
14,864 13,695 14, 311
—2 644 —1,608 —2, 442
3,527
1,348
3,771
1,364
3,764
1,353
3,790
1,252
15,470
14, 274
6,902
7,115
3,434
1,350
4,374
1 347
4,120
1,422
14, 923
6,163
6,070
3,247
1 305
3,316
1 228
3,581
1 312
410
606
16,856
1,289
6,769
16, 241
6,831
14, 383
6,891
395
598
16, 231
1,645
6,438
15, 678
15, 453
372
595
16,349
1,270
6,449
3 426
3 851
3 345
2 591
777
5,543
13, 195
6,472
11 711
6 105
495
10,733
5,359
1,496
1,937
2,243
11, 706
5,164
2,259
2,087
2,450
19 045
11, 732
4,339
3,068
2 468
447
2,880
3,439
18, 746
9,247
5,133
2,380
' 2, 188
19 476
7,781
7,412
2,547
2 100
11 870
6 205
4,439
2,050
2 025
650
796
377
659
763
565
425
610
276
451
588
599
277
590
654
434
599
342
622
143 0
61.7
32 4
15 8
33 1
151 2
67.3
30.9
16 2
36.8
156 4
69.7
32 4
16 4
37 9
166 6
72.0
37 0
17 0
40 5
171.8
74.9
17.5
41.2
181.9
83.7
38.4
17.8
42.0
142.4
77 4
60 6
35.7
14.4
95
163.6
90 6
72.4
42.3
15.7
10.3
168.6
93 5
74 6
42.7
17 0
10 7
175.1
97 1
76 8
45 1
17 7
11 3
181.9
100 0
79.0
47.7
18.3
11.8
184.9
101.2
79.6
48.7
18.5
12.1
5.4
4.8
4.6
3.9
4.1
.7
-12.4
-12.2
oo o
4.4
-3.0
-10.2
—8.6
393
596
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies J
bil $
Bonds (book value), total
do
Stocks (book value), total
do
Mortgage loans, total .
do
Nonfarm
_.
_
do
Real estate
do
Policy loans and premium notes
do
Cash
"
" do
Other assets
do
2 167 02
2 71 go
2 8 76
2 64 61
2 59 37
2
4 88
2
9 12
2 1 53
2 6 23
Payments to policyholders and beneficiaries in
U.S., total
mil $ 12 342. 2
Death benefits
do
5 218. 2
Matured endowments
do
981 6
Disability payments
do
169.3
Annuity payments. _. ___
do
1 152.6
Surrender values..
do
2, 120. 6
Policy dividends
do
2. 699. 9
r
2
177 36
42
10 79
2 67. 52
2
61. 95
25.19
2 10 06
2
1 56
2
6. 83
2
75
2
175 39
75.37
8.72
66.88
61.40
5.10
9 93
1 43
7.95
176 18
75 63
8 84
67.10
61.60
5.16
10 00
1.45
8.01
177 20
75 49
9 00
67.60
62.04
5.18
10 08
1 56
8.30
178 76
76 68
9.17
67.87
62.29
5.24
10.26
1.33
8.21
179 48
76 97
9 35
68 06
62 42
5.26
10 36
1 18
8.30
180. 41
77.15
9.43
68.12
62.45
5.30
10.47
1.19
8.74
181 23
77 42
9 59
68 34
62 63
5.34
10 60
1 17
8.78
182 11
77. 59
9.75
68.51
62.78
5.37
10.73
1.24
8.92
183. 09
78.14
9.94
68.71
62.97
5.42
10.81
1.40
8.68
183. 84
78.34
10.04
68.91
63.15
5.47
10.92
1.35
8.79
184. 75
78.51
10.17
69.02
63.25
5.50
11.03
1.45
9.07
13 293 6 1, 078. 1 1 059.6 1 373.4 1, 174. 9 1, 150. 8 1, 278. 4 1, 155. 3 1, 177. 9 1, 127. 2 1, 120. 5 1, 198. 8 1, 162. 3
498. 6
499.2
476.4
507.3
508.7
465.4
531.6
575.4
525.8
447.3
531.2
5, 665. 3
520.5
75.0
74.9
83.8
84.1
76.7
75.5
81.0
90 5
96.0
86 5
1 017 1 87 1
80 8
15.6
15.4
15.5
16.2
18.6
16.8
13.7
18.0
14.3
17.4
174 6
13 0
12 9
113.2
117.3
112.2
117.2
118.7
112.1
114.4
133.5
111.8
109 8
107.4
1 261 3
91 8
200.5
194.4
201.4
218.5
204. 7
215.0
208.1
2, 243. 1 184.2
197.0
184.0
196.0
191.8
259.4
242.4
227.0
212.3
267.7
216.1
282.4
210.3
2.932.2
218.6
210.6
475.6
213.1
Revised.
« Corrected.
i Data shown in 1966 and 1967 annual columns are for fiscal years ending June 30, 1967
and June 30, 1968, respectively; revised monthly data not available.
2 Annual statement
values.
UTables showing cash transactions and administrative budget receipts and expenditures
178 26
76 37
9 06
67 77
62.22
5.21
10 17
1 46
8.23
have been discontinued. Data shown in the indicated sections are on the basis of budget
concepts adopted pursuant to the recommendations of the President's Commission on Budget
Concepts.
9 Includes data for items not shown separately.
t Revisions for Apr. 1966-Aug. 1967 will be shown later.
SURVEY OF CURRENT BUSINESS
December 1968
1967
Unless otherwise stated, statistics through 1966 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
Annual
S-19
1968
1967
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association :{
Insurance written (new paid-for insurance) :
Value, estimated total
_ _ _ _ mil. $
Ordinary (incl. mass-marketed ord.)t-- - -Groupt
_ _ _ _ _
Industrial. do
Premiums collected:
Total life insurance premiums
_ .do
Ordinary (incl. mass-marketed ord.)t--do
Group f
do
Industrial
do
121,989
88,693
26,219
7,078
16,090
12, 117
2,605
1,367
1
141, 799
94,777
139,968
7,054
11,683
8,527
2,551
605
17,017
12,822
2,843
1,352
1,451
1,119
227
106
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period)... mil. $_. 13, 159
11,982 12,905
Net release from earmark!
do
-50
— 86
-8
Exports
thous $
457,333 1,005,199
73
Imports _ _ _
do
42, 004
32, 547
1,771
2
Production , world total
mil. $ 1, 445. 0 2*1,410.0
South Africa..
do
1, 080. 8 1,068. 7
84.1
Canada..
do
114.6
103.7
8.6
United States
do
55.4
63.1
Silver:
Exports
thous. $
114, 325 100, 710
2,480
Imports
do
78,378 80, 178 3,296
Price at New York
dol. per fine oz
1.293
1. 550
1.786
Production:
Canada
_.
thous. fine oz
32,825 37,206 3,390
Mexico
do
40, 173 4,393
41, 984
United States
do.
45,047 30, 354
1,235
Currency in circulation (end of period)
bil. $__
44.7
47.2
45.4
Money supply and related data (avg. of daily fig.) : J
Unadjusted for seasonal variation:
Total money supply
bil. $
176.4
169.8
180.5
Currency outside banks
do
37.5
39.4
40.0
Demand deposits
do
137.0
132.3
140.5
Time deposits adjusted^
do.._
3 154. 0
173.3
180.4
U.S. Government demand deposits
do
5.1
4.9
6.3
Adjusted for seasonal variation:
Total money supply
do
180.2
Currency outside banks
__._do
39.9
Demand deposits
do
140.2
Time deposits adjusted^
_ do
180.6
Turnover of demand deposits except Interbank and
U.S. Go vt., annual rates, seas, adjusted:
Total (233 SMSA's) O -ratio of debits to deposits.
56.7
58.3
52.8
New York SMS A
do
120.8
109.4
125.5
Total 232 SMSA's (except 1N.Y.)__
. do
40.1
38.3
40.8
6 other leading SMSA'sd
do
53.4
54.6
50.1
226 other SMSA's
do
34.5
33.3
35.1
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SE O.Net profit after taxes, all industries
mil. $.. 30, 937
Food and kindred products.
do
2,102
Textile mill products
do
702
Lumber and wood products (except furniture)
mil. $._
345
Paper and allied products
do
911
Chemicals and allied products
..do
3,474
Petroleum refining. __
_
do
5,055
Stone, clay, and glass products .
do
799
Primary nonferrous metal
do
1,298
Primary iron and steel
do
1,487
Fabricated metal products (except ordnance,
machinery, and transport, equip.)
mil. $._ 1,395
Machinery (except electrical) _ _ _ _ _ _
do
3,058
Elec. machinery, equip., and supplies
do___
2,379
Transportation equipment (except motor
vehicles, etc.)
_
mil $
821
Motor vehicles and equipment
do
3,053
All other manufacturing industries
do
4, 058
Dividends paid (cash) , all industries
do
12, 958
Electric utilities, profits after taxes (Federal Reserve)
mil. $
2,764
11,425 124,089
8,535 8,798
2,317 114,720
573
571
1,379
1,051
231
97
1,734
1,178
313
243
10,871
8,118
2,198
555
14,421
9,139
4,670
612
11,786
8,898
2,331
557
12,450
9,253
2,594
603
11,416
8,435
2,431
550
11,407
8,433
2,451
523
12,295
8,470
3,305
520
11, 161
8,101
2,533
527
13,802
9,782
3,471
549
1,442
1,109
228
105
1,430
1,096
237
98
1,486
1,128
258
99
1,462
1,094
269
98
1,514
1,146
268
100
1,434
1,084
254
96
1,512
1,118
293
101
1,516
1,129
287
100
1,432
1,072
261
99
1,569
1,192
278
99
11, 882 10, 484
-31
-234
949 500,800
1,839 1.2, 596
10,484
-148
1,302
29, 283
10, 384 10,367
413
-31
254 300, 630
19, 153 16, 094
10,367
-49
9,199
59,648
10,367
-76
458
13, 361
10, 367
170
11,732
18,365
10,367
36
11, 484
20, 770
18,806
13,421
2.208
20, 990
14, 182
1.973
12,908 11,982 11,984
-32
-221
52
969 1,002,523 1,503
1,126
3,201
2,510
10,367
90.0
8.2
88.5
8.7
90.3
7.7
90.0
7.7
91.8
8.3
91.8
8.2
93.1
8.4
91.5
7.5
90.5
7.4
91.5
7.7
2,792
6,759
1.953
6,236
4, 984
2.066
12, 993
10, 922
1.990
23, 889
8,645
1.855
9, 192
12,436
2.180
19, 526
8,567
2.203
18, 953
14,306
2.377
41, 149
13, 019
2.464
35,673
16,543
2.314
17,207
10,844
2.195
3,134
4,027
644
46.5
2,864
3,019
650
47.2
3,393
2,949
703
45.8
4,229
2,276
1,079
45.8
4,089
4,017
1,268
46.3
3,885
4,894
2,017
46.6
4,207
4,262
5,210
4,634
2,841
47.2
4,233
47.6
3,282
48.0
4,196
48.4
4,092
48.3
48. 7
182.4
40.4
141.9
181.3
5.3
187.1
41.2
145.9
182.0
5.0
187.6
40.5
147.1
183.7
5.0
181.4
40.3
141.1
185.8
7.2
182.0
40.7
141.2
187.7
6.6
185.6
41.1
144.5
187.9
4.2
182.5
41.3
141.1
188. 4
6.4
185.6
41.9
143.6
188.6
5.4
187.2
42.4
144.8
190.8
5.7
186.9
42.7
144.2
194.4
'5.5
188.6
42.7
145.8
196.2
'5.9
' 190. 6
42.9
' 147. 7
' 199. 1
6.1
181.0
40.1
141.0
182.0
181.3
40.4
140.9
183.5
182.3
40.5
141.7
184.1
182.7
40.7
141.9
185.2
183. 4
41.1
142.2
186.7
184.3
41.4
143.0
187. 1
186.1
41.6
144.5
187.6
187.4
42.0
145.4
188.2
189.4
42.2
147. 2
190.4
190.3
42.6
147.6
193.8
189.5 ' 190. 2 192.0
43.2
42.8
42.7
146.7
' 147. 4 148.8
196.6 ' 199. 5 201.9
58.4
130.2
41.2
55.7
34.8
58.5
122.1
41.1
54.6
35.3
60.2
128.5
41.6
55.6
36.0
59.8
129.2
42.1
56.9
36.1
59.3
128.2
41.6
56.5
35.7
59.7
126.7
42.3
57.4
36.2
61.0
129.5
43.0
58.8
36.1
62.4
131.4
43.4
59.5
36.6
64.3
140.3
43.7
59.9
37.0
65.2
147.7
43.7
60.8
36.5
64.7
144.7
43.8
61.3
36.7
r
29, 008
2,130
540
7 946
589
171
7,430
501
129
8,286
521
167
7,635
590
180
333
796
3,261
5,497
672
1,061
1,165
98
210
859
1 477
195
233
346
113
193
878
1,491
79
225
334
173
239
904
1,400
240
306
413
179
211
852
1,442
254
269
177
1,316
2,893
2,297
322
692
666
268
641
572
356
796
581
349
745
605
809
2,356
3,884
13, 262
249
712
1,129
3,732
238
862
906
3,325
285
957
949
3,538
237
396
1,150
3,626
2,911
729
863
641
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
mil $
45, 015
68,514 4,609 8,732 4,483
By type of security:
Bonds and notes, total
do
42, 501
65,670 4,141 8,428 4,206
Corporate
do
1,940
2,107
15,561 21,954
1,196
Common stock. .
do
222
235
238
1,939
1,959
Preferred stock...
do
42
81
574
231
885
By type of issuer:
C orporate, total?
do
2,385
1,500
24, 798
2,409
18, 074
Manufacturing
do
1,135
930
527
7,070
11, 058
Extractive (mining)
_
do
126
65
25
587
375
Publicutility
do"""
282
410
3,665
4,935
647
Railroad
do
0
16
339
7
286
Communication
do
70
121
2,003
1,979
83
Financial and real estate
do_ _ .
1.941
2.433
392
176
277
' Revised.
* Preliminary.
1 Includes $8.3 bil. coverage on Federal employees.
2
Estimated; excludes U.S.S.R., other Eastern European countries, China Mainland, and
North Korea.
s Beginning June 1966, data exclude balances accumulated for payment of
personal loans (amounting to $1,140 million for week ending June 15).
t Revisions for Jan. 1966-July 1967 for insurance written and for Jan.-July 1967 for premiums collected will be shown later; those for money supply for 1963-Apr. 1967 are in the June
1968 Federal Reserve Bulletin.
§ Or increase in earmarked gold (-).
f Beginning
9,989
7,291
2,197
501
4,556
4,234
1,449
276
46
8,072
7, 845
1,382
169
58
5, 069
3,423
7,702
4,984 '4,913 ' 9, 821
3,819
4,628
1,359
295
145
3,152
1,157
221
49
7,402
1,566
249
51
4,598 ' 4, 541 ' 9, 426
2,025 ' 1, 771 ' 1, 037
361
'303
'286
24
93
86
3,421
1,159
397
1
193.5
43.6
149.9
200.7
4.3
66.3
143.1
45.6
64.4
37.7
1.866
1,428
2,411 ' 2, 143 ' 1, 432
1,557
1,771
1,799
1,608
373
563
453
767
'362
561
111
570
^843
70
42
38
18
49
35
'21
50
'27
475
557
424
456
180
507
'446
562
239
5
13
14
0
11
9
47
28
20
156
86
192
104
188
239
'95
148
239
142
279
64
105
147
348
332
'201
'197
Oct. 1968 SURVEY, mass-marketed ordinary, formerly combined with group, is included
under ordinary insurance; monthly data available on new basis beginning Jan. 1966.
H Time deposits at all commercial banks other than those due to domestic commercial banks
and the U.S. Govt.
O Total SMSA's include some cities and counties not designated as
SMSA's.
c? Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland,
and Los Angeles-Long Beach.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-20
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1967
Annual
December 1968
Oct.
Nov.
1968
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission— Continued
Estimated gross proceeds— Continued
By type of issuer— Continued
Noncorporate, total?
. . mil. $.
U.S. Government -_
do
State and municipal
do
26, 941
8 231
11, 089
New corporate security issues:
Estimated net proceeds, total.. _
do
Proposed uses of proceeds:
New money, total
do
Plant and equipment
_ _ _ _ __do
Working capital
do
Retirement of securities
do
Other purposes _
_
do
State and municipal issues (Bond Buyer) :
Long-term
Short-term
__
43, 716
19, 431
14, 288
2,200
422
991
7,232
5,054
1,320
2,099
371
1,093
2,785
481
1,162
6,464
4 719
1,134
3, 270
418
1,363
r
1,995
405
1,277
5,836
3,805
1, 134
2,573 r 2, 770
417
383
1,422
1,360
8, 389
5,850
1,729
2,262
361
1,423
17, 841
24, 409
2,367
1,470
2,344
1,732
1,585
1,765
1,397
1,829
2,367 ' 2, 097 '1,397
1,513
15, 806
12, 430
3,376
241
1,795
22, 230
16, 154
6,076
312
1,867
2,120
1,459
662
79
168
1,305
914
391
3
163
2,113
1,379
734
8
223
1,588
1,202
386
30
117
1,447
1,136
311
16
121
1,592
1,253
339
24
149
1,210
897
313
12
175
1,647
1,102
546
4
177
1,944 f 1, 985 ' 1, 074
••744
1,263 r 1, 143
r
330
'841
681
6
3
33
••320
'106
389
1,281
912
370
15
216
11, 089
6,524
14, 288
8, 025
991
764
1,320
767
1,093
330
1,162
569
1,134
563
1,363
1,090
1,277
669
1,134
972
1,360
422
1,422
673
1,729
835
1,423
459
2,197
853
*609
i 5, 387
1, 637
1
791
17,948
1
2, 763
776
7,111
2,513
791
7,200
2,500
791
7,948
2,763
888
7,797
2,942
815
7,419
2,778
820
7,248
2,692
834
7,701
2,979
850
8,268
3,064
885
8,728
3,293
977
8,861
3,269
964
885
8,489 ' 8, 724
2,984
3,126
1 023
8, 865
3,402
86.1
102.5
81.8
100.5
78.5
95.8
76.8
95.2
75.9
93.6
77.2
95.5
77.5
94.8
76.9
92.7
76.2
94.7
75.3
92.7
75.6
92.8
76.1
95.2
78.1
95.9
78.4
93.9
77.0
92.7
75.7
91.2
78.63
76.55
73.01
70.53
71.22
73.09
73.30
70.98
72.06
70.89
72.58
73. 99
74.48
73.95
72.44
71.27
4,261.12 6, 087. 43
3,740.48 5, 393. 60
634. 15
559. 18
567. 12
536. 43
531. 62
519. 14
552. 08
503. 57
402. 93
392. 36
434.68
432. 90
523. 16
499. 30
549 78
520. 63
445 94
429 15
388. 82
375. 37
364. 07
343. 50
397. 64
397. 65
522. 32
533. 78
4,100.86 5,428.00
3,589.62 4, 862. 48
553. 63
494. 43
496. 10
475. 48
440. 43
446. 45
437. 51
422. 35
339. 82
341. 27
356 71
367. 88
383. 18
386. 64
394 65
404 34
336 37
335 50
313 26
317. 38
286. 17
277. 57
304 64
323. 61
406 30
430 97
do_.
do
SECURITY MARKETS
Brokers' Balances
(N.Y.S.E. Members Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances (net)
mil. $
___do
do
1
Bonds
Prices:
Standard & Poor's Corporation:
Industrial, utility,
and railroad (A A A issues) :
Composited1
dol. per $100 bondDomestic municipal (15 bonds)
do
U.S. Treasury bonds, taxable!. .._
do
Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
mil. $
Face value
_
do
New York Stock Exchange:
Market value
do
Face value
do
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $ 3, 092. 79 3, 955. 54 403. 06 382. 38 360. 78 333. 25 268. 61 317 43 351. 55 346 53 276 51 269 07 252.18 305. 18 363 54 343. 20
Yields:
2
6.14
6.37
6.45
6.40
6.35
Domestic corporate (Moody 's)
_ .percent __
6.36 26.51
5.82
6.42
6.53
6.57
5.34
6.60
6.63
6 43
By rating:
5.82
6.02
Aaa
_ _
_ do
6.17
6.10
6.21
5.97
5.13
6.07 26.19
6.24
25.51
6.27
6.11
6.28
6 09
6.01
6.29
6.25
Aa
__do
6.23
6.23
6.35
6.27
6.38
5.66
6.28
6.50
6.45
5.23
6.48
6.32
6.19
6.48
6.41
6.38
6.39
6.43
6.58
A
do
5.35
6.57
6.60
5.86
6 43
6 62
6 65
6 47
6.52
6.72
6.84
6.82
6.79
Baa
_
.do
6.80
5.67
6.93
6.23
6.98
6.97
7 03
6.85
7.07
6 84
By group:
Industrials
do
6.05
6.34
6.31
6.26
6.24
6.28
6.39
6 42
5.74
6 50
5.30
6 49
6 54
6 33
6 34
6.12
Public utilities do
6.30
6.39 2 6.57
6.47
6.27
6.36
5.81
5.36
6 54
6 60
6 39
6.53
6 60
6 39
Railroads
Domestic municipal:
Bond Buyer (20 bonds).
Standard & Poor's Corp. (15 bonds)
do
5.37
2 5 89
6.24
6.42
6.63
6.65
6.65
6 67
6 79
6 87
6 88
6 82
6.72
6 70
6 72
do _.
do
3.83
3.82
3.96
3.98
4.27
4.31
4.42
4.36
4.44
4.49
4.16
4.34
4.44
4.39
4 54
4.56
4.44
4.41
4 64
4.56
4.48
4.56
4.11
4.36
4.38
4.31
4.36
4.47
4 56
4.56
4.64
4.68
U.S. Treasury bonds, taxable©
do
4.66
4.85
5.18
5.44
5.36
5.18
5.16
5.39
5.28
5.40
5.23
5.09
5.04
5.09
5.24
5.36
8.25
9.17
4.11
4.45
5.06
6.85
8.26
9.03
4 34
4 62
5.35
7.82
8.23
9.00
4.40
4.58
5.48
7.81
8.28
8.92
4.41
4.55
5.48
8.09
8.30
8.95
4.44
4.55
5.57
7.95
8.41
9.12
4.44
4.55
5.57
7.95
8.42
9.12
4.45
4.52
5.69
8.08
8.42
9 12
4 46
4 52
5 69
8 08
8.46
9.18
4 48
4 52
5 78
8 08
8.47
9 18
4 48
4 52
5 78
8 08
8.47
9.18
4 48
4.55
5.78
8.08
8.49
9.20
4 50
4 55
5.78
8.08
8.52
9.23
4.50
4.55
5.78
9.00
8.52
9.23
4.55
4.55
5.89
9.00
8.56
9.25
4 55
4 55
5.89
9.24
230.88
266. 77
102. 90
92.65
246. 54
290. 05
101 87
95 91
251. 90
302. 88
93.63
91.88
250. 32
300. 84
95.92
90.80
256. 30
309. 19
98 19
90.86
247. 26
294. 18
97 75
88 59
241. 14
286. 99
97 15
85 80
242. 77
290 96
92 66
86 75
262. 85
319 20
92 93
94 62
95
40
08
93
268. 14
320. 51
100 10
105 57
264. 13
314. 45
99 76
100 77
266. 57
317. 73
99.25
101. 90
267. 62
328. 32
98 46
109 77
269. 92
329. 50
98 83
109 53
3.57
3.44
3.99
4.80
4.04
2.92
3.35
3 11
4 26
4.82
3 87
3. 47
3.27
2.97
4.70
4.98
3.89
3.85
3.31
2.97
4.60
5.01
4.06
4.01
3.24
2 89
4.52
5.01
4 06
3.78
3.40
3 10
4.54
5.14
3 93
3. 63
3.49
3 18
4.58
5.27
3 77
3.99
3 47
3 13
4 81
5 21
3 86
4.11
3 22
2 88
4 87
4 42
3 63
3.38
3.16
2 86
4 48
4.31
3 30
2.71
3.21
2 93
4.51
4.52
3 17
2.85
3.20
2.90
4.53
4.47
3 24
3.00
3.18
2 81
4.62
4.15
3 28
2.66
3.17
2 81
4.60
4.15
3 01
2.69
Stocks
Dividend rates, prices, yields, and earnings, common stocks (Moody's):
Dividends per share, annual rate, composite
dollars. _
Industrials
_ _
_
. do.
Public utilities
do
Railroads
.
do .
N.Y. banks
..
do. .
Fire insurance companies
do
Price per share, end of mo., composite
do
Industrials
. _ _ do_._
Public utilities
.
do
Railroads..
_
do
Yields, composite
Industrials
Public utilities
Railroads __
N.Y. banks
Fire insurance companies
percentdo
do
do
do
_.do
Earnings per share (indust., qtrly. at ann. rate;
pub. util. and RR., for 12 mo. ending each qtr.) :
Industrials
dollars
Public utilities
do
Railroads
do .
16.78
15 76
18 65
6.30
6. 67
6.67
9.34
6.74
6.74
r
2
Revised.
1 End of year.
Beginning Dec. 18,1967, Aaa railroad bonds not included.
9 Includes data not shown separately.
cTNumber of bonds represented fluctuates; the change in the number does not affect the
3
2
4
4
3
3
22
88
82
78
66
94
262.
318
92
109
18.05
15.50
15 98
6.67
6 78
6.88
6.72
continuity of the series.
^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
OFor bonds due or callable in 10 years or more.
SURVEY OF CURRENT BUSINESS
December 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1968
1967
1 1967
Oct.
Annual
S-21
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)
percent-Prices:
Dow- Jones averages (65 stocks) _ _ _.
Industrial (30 stocks)
Public utility (15 stocks). _
Railroad (20 stocks)
__ _
_.
Standard & Poor's Corporation: c?
Industrial, public utility , and railroad:
Combined index (500 stocks)
1941-43=10..
Industrial, total (425 stocks) 9
Capital goods (130 stocks)..
Consumers' goods (181 stocks)
Public utility (55 stocks)
Railroad (20 stocks)..
.do
do
do
do___.
do
4.97
5.34
5.59
5.79
5.95
5.70
873. 60
136. 56
227. 35
308. 70
314. 79
879 12
132. 65
242. 38
321. 30
907 54
126 08
250. 55
303. 88
865 43
123 05
230. 74
309. 78
887 20
125. 19
233. 20
312. 05
884 77
132. 48
233. 76
85.26
91.93
95.66
92.66
95.30
95.04
99.18
104. 16
106. 64
100. 90
103. 91
106. 41
81.92
64.61
103. 11
102. 87
81.06
91.08
84.86
74.10
68.21
46.34
46.72
83.60
64.93
46.28
103.58
80.47
63.48
42.95
96.96
79.18
68.10
5.86
5.92
5.90
5.74
5.59
5.63
5.76
5.82
86
76
66
94
309. 31
893 37
123 59
230 63
318. 17
905 22
122 72
246. 85
327. 12
906. 82
127. 66
262. 95
327. 41
905 32
133. 11
259. 95
318. 15
883 72
131. 15
249. 52
329. 15
922 80
130. 80
258. 53
340. 25
955 47
130. 40
270. 41
344. 39
90.75
89.09
95. 67
97.87
100.53
100. 30
98.11
101. 34
103. 76
105. 40
98.33
96.77
96.32
104.42
107. 02
106. 86
109. 73
110. 65
89. 04
65.21
51.72
109.16
106. 77
113.29
108.48
114. 77
109. 75
88.38
67.55
104.92
85.73
66.60
48.80
110. 53
5.65
299
847
128
224
84
20
87
63
5.80
292
834
123
217
43.46
68.02
43.38
98.13
77 99
65.61
42 35
41 68
44 79
62. 92
48 00
77 49
62.62
104. 08
84 79
63.66
87.75
108. 12
51.01
107.57
88.46
91.36
66. 77
51. 11
66.93
54.26
964.12
137. 57
270. 51
92.04
70. 59
53 74
Banks:
New York City (9 stocks)
do....
Outside New York City (16 stocks).... do....
33.32
63.80
36.40
66.46
37.83
67.43
35.65
64.60
35.52
64.83
37.18
67. 64
38.46
70.66
38.38
70.59
40.35
42.19
76.43
43.72
79.66
48.58
85.91
47.38
84.74
46.99
84.59
49.65
89.83
52.46
73.18
Fire and casualty insurance (16 stocks).,. do
64.55
62.29
58. 66
55.84
56.99
59.42
56.61
53.31
53.61
59.23
72.52
78.11
78.11
82.97
96.19
95.35
New York Stock Exchange common stock indexes:
Composite
12/31/65=50..
Industrial
do
Transportation
.
do
Utility
_
., ...
do
Finance
_ _ _ _ _
do
53.06
55.80
48.73
42.75
52.37
53. 24
55.45
47.90
44.87
52 86
56.41
59.12
51 59
52*98
03
85
46
56
56.64
59.83
59.44
56
46
42
57
54. 85
58 04
49 92
42 07
60 43
58.32
51 54
43 29
41 78
53.23
55 89
50. 68
52 63
45 15
43 36
53 88
49.48
50.26
381
14,919
412
17 662
12 008
12 632
17 571
20 012
453
568
510
11, 193
11, 186
12, 914
8 909
298
205
13 310
14 341
13 548
46.15
46.18
45.41
44. 45
Sales:
Total on all registered exchanges (SEC):
123, 034
Market value
_ _ _ _
mil $
Shares sold..
millions..
3,188
On New York Stock Exchange:
Market value .
mil $ 98, 565
2, 205
Shares sold (cleared or settled)
millions. _
New York Stock Exchange:
Exclusive of odd-lot and stopped stock sales
(sales effected)
.
millions
1,899
Shares listed, N.Y. Stock Exchange, end of period:
Market value, all listed shares.
bil. $
Number of shares listed...
millions
482. 54
10, 939
50.77
53.13
51.40
51.97
53.51
51 56
48 43
55.62
53.79
42.39
45.43
43.33
49 82
52 69
50 19
161, 752
14, 499
14, 478
4,504
125 329
2,886
2,530
605.82
11, 622
409
11, 006
249
242
262
518
321
336
9 672
221
43.30
44.69
64 60
68 90
18 582
16 529
298
333
305
55.04
57.59
56.80
59.57
61.07
51.94
55.24
71 77
45. 22
77. 50
14 038 r 13 733
18 572
49 01
44 09
68 19
44.53
444
376
388
12 373
9 ggg
13 727
283
10 493
'244
231
305
212
230
263
174
193
296
292
257
243
194
228
272
252
583.13
586.17
605. 82
11, 622
582. 94
11, 696
564 15
11, 796
568 51
11 897
619 04
11 936
631 82
12 158
641. 04
12, 330
628.88
640 17
12, 626
668. 36
12, 714
12,891
676. 18
716 40
13 042
11, 484
11, 568
12, 440
Value
Seasonally adjusted
.
mil. $._ 30, 319. 6 31,526.2 2,486.9 2,796.1 2,871.5
do
29, 379. 2 30,934.4 2,441.7 2,760.0 2,812.3
2,726.8 2, 726. 0 2,673.8 2,983.4 2, 968. 1 2, 731. 2 2,699.5 2,840.5 2, 984. 7 2, 763. 4
2,674.0 2, 666. 7 2, 639. 1 2,944.2 2,944.4 2,681.5 2,640.5 2, 786. 8 2, 941. 5 2, 714. 9
do
2,784.7 2, 773. 1 2,454.7 2,888.5 2, 719. 7 2, 759. 3 2, 803. 0 2,915.8 3,245.9 2,594.2
2,393.9 2,691.4 2,603.4
...
do
do
do
do
1,348.5 1, 182. 3
6,733.3 7, 147. 2
805.3 1, 016. 1
10,003.0 10,294.1
70.3
570.4
82.9
789. 8
88.6
617.4
79.5
961.3
88.4
642.6
164.1
943.1
96.6
676.2
92.1
870.8
107.1
639.9
88.6
880.1
87.7
613.5
81.3
855. 4
127.5
669.8
93.1
938.8
117.7
600.9
96.0
961. 0
108.2
618.8
74.0
863.3
100.1 110.3
115.8
586.4
609.8 628.1
73.3
92.5
98.6
880.6 1,000.3 1,011.6
94.2
543.4
80.8
879.9
Northern North America _ .
Southern North America
South America... . . .
do
do
do
6, 661. 2 7, 174. 1
2,268.3 2, 365. 0
2,499.9 2, 354. 9
600.3
201.9
169. 6
634.3
213.4
202.5
618.1
197.7
218.1
615.4
186.0
189.6
600. 7
213.4
196.2
630.5
208.8
196. 6
695.0
222.6
236.7
735.9
224.4
232.2
637.4
220.5
209.0
594.1
214.7
250.3
565.9
212.6
249.1
661.2
213.0
256.4
769.5
211.7
184.0
189.1
401.0
66.1
426.4
1.5
25.7
1.1
32.1
2.9
29.0
2.5
35.3
1.0
39.3
2.9
26.6
1.4
47.0
6.9
44.5
6.9
34.2
3.4
36.5
2.2
43.3
3.3
36.3
11.1
36.3
..do
do
do
do
654.2
929.3
238. 7
45.6
894.1
955.4
346.9
49.2
73.9
74.7
29.7
4.4
63.4
75.9
24.6
5.2
157.9
58.5
34.6
6.7
73.6
94.6
18.4
5.9
73.4
81.9
27.9
5.5
72.4
80.5
27.0
5.3
83.3
74.1
23.9
4.7
83.0
50.9
17.6
3.8
67.9
51.3
25.0
3.8
59.6
43.7
18.6
4.3
81.8
52.1
24.2
4.5
79.3
40.6
29.1
3.9
67.3
33.9
,!28.5
3.7
do
. _ do
do
67.6
347.8
2,363.6
68.4
428.2
2, 695. 8
5.8
37.6
216.7
11.1
34.7
258.5
7.4
33.8
244.1
11.1
45.8
246.1
5.0
36.1
256.8
14.0
32.1
230.3
21.5
38.5
250.4
15.4
49.0
235.0
11.8
38.4
228.3
8.5
34. ,0
230.3
9.9
36.6
247.4
12.5
40.5
249.9
12.6
24.3
223.7
do
do
do
1,007.0
25.2
1,673.6
1,025.1
26.3
1,706.3
78.3
.3
129.4
78.6
2.5
161.8
86.0
1.1
136.3
102.3
2.5
117.1
87.0
2.7
124.7
84.4
1.1
130.8
98.2
3.2
161.6
100.6
2.4
150.6
79.2
1.6
137.1
81.7
.5
134.4
82.2
3.7
162.2
84.7
2.9
158.5
79.6
1.3
133.1
908.8
972.9
41.7
60.2
1, 737. 1 1,960.3
72.2
6.1
147.7
103.0
3.8
165.5
93.4
4.5
193.6
95.1
5.9
167.4
74.7
2.9
179.3
93.6
6.2
151.5
87.5
5.4
166.6
94.0
3.8
183.2
103.3
4.3
170.8
103.3
4.6
162.9
99.3
6.9
182.5
88.2
2.2
201.3
86.6
2.4
204.9
600. 7
629.5
695.0 735.9
wn separ ately.
9 Inchides date\ not sho
637.3
594.1
565.9
681.2
769. 4
By leading countries:
Africa:
United Arab Republic (Egypt)
Republic of South Africa...
Asia; Australia and Oceania:
Australia, including New Guinea
India
.
Pakistan
__
Malaysia
..
Indonesia
Philippines
Japan
.
Europe:
France
East Germany. _ _
West Germany
do
do.__.
Italy
.
do
Union of Soviet Socialist Republics... do
United Kingdom. . . .
do
North and South America:
Canada...
mil. $.. 6,660.8 7, 172. 9
600. 2
634.3 618.1
r
Revised.
cfNumber of stocks represents nuiTiber cur rently used; the change in
number does not affect continuity of the series.
97
96
18
55
225
FOREIGN TRADE
By geographic regions:
Africa
._
Asia
Australia and Oceania
Europe . . .
61
55
47
79
479
FOREIGN TRADE OF THE UNITED STATES
Exports (mdse.), incl. reexports, total
Excl. Dept. of Defense shipments.
98.15
615.4
SUEVEY OF CUEEENT BUSINESS
S-22
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
| 1967
1967
Oct.
Annual
December 1968
Nov.
1968
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
Exports (mdse.), incl. reexports— Continued
By leading countries— Continued
North and South America— Continued
Latin American Republics, total 9
Argentina
. ____ _ .
Brazil
Chile
Colombia
Mexico
Venezuela
Exports of U.S. merchandise, total
Excluding military grant-aid
Agricultural products, total
Nonagricultural products, total
mil. $._ 4, 230. 9
244.1
do_
575.0
do
256.0
do
287.1
do
1,
180. 0
do
598.0
do
_do
do
do
do
By commodity groups and principal commodities:
Food and live animals 9
do
Meats and preparations (incl. poultry). .do
Grains and cereal preparations
do
Beverages and tobacco
320.4
16.1
33.5
19.6
19.2
106.3
47.7
358.6
20.2
56.5
22.8
15.3
109.0
50.5
362.9
18.5
58.6
24.0
25.2
99.8
50.3
329.9
18.6
46.5
18.3
21.9
94.7
45.8
359.4
16.1
48.4
21.1
23.3
118.8
49.3
358.4
14.6
41.2
32.2
29.1
120.5
47.1
402.3
19.7
61.2
18.1
26.2
111.4
59.4
405.9
22.3
55.0
22.8
29.9
123.6
53.5
378.4
16.7
53.7
23.1
28.9
121.9
48.5
410.7
25.5
64.7
38.3
28.2
111.4
55.4
404.5
21.8
74.6
29.0
26.8
105.7
54.3
410.5
30.7
65.0
32.4
22.8
97.9
63.5
345.4
18.6
40.3
17.7
26.8
118.3
53.5
29,883.9 31,142.1 2,457.7 2,764.9 2,840.7 2,697.9 2, 695. 1 2, 635. 5 2,947.4 2,930.9 2,697.2 2, 664. 4 2,802.6 2, 950. 9 2,717.9
28,943.5 30,550.2 2,412.5 2,728.7 2,781.5 2,645.1 2,635.8 2, 600. 9 2,908.2 2,907.2 2, 647. 5 2,605.4 2, 748. 9 2,907.6 2, 669. 3
547.5
461.4
469.7 463.9
544.5 523.9
497.6
465.8 489.2
667.7
563.6 545.5
6,874.2 6, 383. 3 531.7
23,009.8 24, 763. 9 1,924.2 2,098.0 2, 277. 4 2,152.4 2, 147. 7 2,091.0 2, 423. 5 2, 433. 3 2, 235. 8 2,198.6 2,313.4 2, 481. 1 2, 253. 9
353.4
11.8
246.6
354.0
11.7
246.2
353.8
10.1
249.2
334.9
11.5
225.4
313.9
10.6
183.3
287.6
10.0
176.5
297.0
10.3
183.4
326. 0
15.3
197.9
289.5
16.6
167.0
278.2
15.4
150.4
4,562. 4
158.9
3,189.6
4060.9
151.3
2, 681. 4
332.9
14.9
209.7
409.8
14.8
288.8
351.1
11.8
237.0
623.7
648.7
56.8
70.5
73.7
44.5
52.9
36.9
46.4
52.6
55.7
48.5
73.0
88.1
45.6
290.5
52.7
53.2
47.4
308.5
49.3
68.6
54.3
313.1
45.8
61.3
57.9
302.6
45.1
57.1
50.5
245.1
33.9
52.5
33.5
271 A
43.4
47.5
36.0
264.6
24.4
47.8
44.5
266.0
30.5
38.4
51.2
280.8
17.9
88.2
39.4
70.5
30.9
33.6
79.0
33.5
39.9
89.6
45.9
38.1
93.3
48.9
39.1
87.0
42.5
38.1
90.3
42.3
41.4
102.3
58.3
39.4
106.5
54.3
46.8
78.2
38.4
34.4
Crude materials, inedible, exc. fuels 9
Cotton, raw, excl. linters and waste
Soybeans exc canned or prepared
Metal ores, concentrates, and scrap
do
do
do
do
3, 070. 4
432.2
759.9
421.6
3, 279. 7
463.8
771.6
519.6
290.3
30.9
83.4
52.6
328.2
32.7
112.8
46.6
276.8
38.3
74.3
36.6
284.9
60.9
61.3
35.6
Mineral fuels lubricants, etc 9
Coal and related products
Petroleum and products
do
do
do
975.8
493.0
434.1
1, 104. 1
501.3
538.9
92.8
46.8
41.7
96.1
50.1
41.2
76.1
39.1
31.3
76.5
35.5
30.4
Animal and vegetable oils fats waxes
do
356.8
338.0
24.7
27.9
19.8
15.5
26.2
24.3
23.2
20.9
29.3
20.1
20.3
25.0
21.1
242.6
235.9
238.4
257.8
292.5
287.4
260.2
278.8
304.3
334.8
249.3
277.6
48.9
46.0
30.1
262.0
40.4
45.4
29.9
264.9
43.2
40.6
29.2
264.5
39.5
39.6
32.5
319.0
47.9
47.3
40.2
326.3
46.9
46.8
54.0
307.5
40.8
45.0
57.1
298. 7
40.1
46.5
56.4
320.7
44.9
47.8
57.8
379. 2
51.1
63.3
72.0
313.9
39.1
55.7
55.1
Chemicals
do
2,674. 5
2, 801. 6
218.6
244.2
Manufactured goods 9
Textiles
Iron and steel
Nonferrous base metals
do
do
do
do
3,433. 5
554.2
557.3
582.4
3,391.1
530.9
561.2
516.8
256.4
44.8
40.0
27.7
270.7
45.3
42.6
29.2
Machinery and transport equipment, total
mil. $._ 11, 155. 5
12,574.1
Machinery total 9
Agricultural
Metalworking
Construction, excav. and mining
Electrical
do
do
do
do
do
7,445.8 8,047.8
614.7
628.3
338.8
337.9
969.1 1, 038. 0
1, 900. 1 2, 098. 2
961.0 1,080. 4 1,241. 1 1, 160. 6 1,163.1 1,074.4 1,273.8 1, 272. 5 1, 174. 8 1, 118. 6 1, 123. 0 1,199.4 1, 179. 4
705.9 734.3 703.8
664.2
717.7
785.3 769.8 711.8 692.6
618.4
675.3 679.0 669.2
49.8
51.8
45.2
35.4
54.0
51.5
40.3
56.8
49.8
35.8
47.6
58.0
53.0
22.0
23.6
28.6
26.2
28.9
31.7
35.5
26.9
25.5
29.6
30.9
39.1
26.9
83.8
98.2
94.6
77.6
96.6
99.4
95.2
91.5
78.0
80.3
99.7
77.3
82.2
196.4
199.5
190.3
180.8
176. 6
193.4
178.7
200.8
188.1 182.2
197. 4
169.9
173.5
Transport equipment total
Motor vehicles and parts
do
do
3, 709. 7 4, 523. 5
2,386.3 2, 733. 9
341.5
221.3
416.2
252.0
523.8
281.1
485.2
278.3
484.1
259.0
405. 2
249.1
488.6
290.3
502.7
299.2
463.0
257.6
426.0
214.9
417.1
198.0
465.2
284.7
475.6
307.1
do
1, 844. 2
1, 985. 4
160.4
170.5
172.3
169.5
166.6
170.4
188.2
190. 2
168.9
170. 2
190.5
181.8
183.5
81.0
70.8
78.0
80.5
87.8
Miscellaneous manufactured articles
Commodities not classified
do
1, 187. 2
958.8
63.9
66.8
109.6
95.2
68.0
65.9
66.6
71.2
2,648.8 2, 812. 0 2, 739. 1 2,869.3 2, 924. 1
2,839.3 2, 664. 4 2,827.3 2,963.7 2, 657. 4
do
do
25,542.2 26,812.3 2,338.5 2,441.7 2,431.4 2,728.5 2, 448. 1 2, 558. 2 2, 755. 3 2, 814. 6
2,198.1 2,381.8 2,525.0 2,609.0 2, 601. 9 2, 612. 4 2,640.5 2, 751. 9
do
do
do
do__
978.8
5, 276. 4
593.5
7,857.2
905.4
5, 352. 2
581.3
8, 232. 2
.74.1
472.9
46.6
723.4
62.1
491.8
57.5
797.4
80.5
438.0
59.8
779.3
101.6
504.6
44.4
889.7
96.2
422.8
49.9
818.0
96.5
484.4
54.0
794.1
119.2
548.6
48.2
880. 0
100.7
594.2
56.3
902.1
83.4
566.4
62.5
786.1
90.0
636.6
61.2
883.0
98.8
80.9
653. 1
652.7
67.1
75.9
892.0 <= 884. 9
do
do
do
6, 131. 4
1,912.1
2,785.3
7, 105. 0
1,968.2
2, 663. 4
637.2
150.1
237.0
644.0
161.3
220.8
668.3
176.0
228.7
732.2
206.5
255.5
634.4
176.2
250.3
697.9
197.7
233.4
720.5
190.5
246.5
749.9
205.7
205.1
766.4
170. 7
212.7
703.2
187.9
249.2
615.7
179.0
242.3
728. 6
175.0
260. 7
905.8
172.2
229.4
do
do
17.6
249.0
14.9
227.0
.7
21.2
1.2
13.2
1.0
23.1
3.7
24.6
.7
17.3
1.6
26.9
2.0
31.5
2.4
23.2
1.9
20.2
3.8
17.9
4.6
17.8
3.3
16.0
2.7
17.6
do
do
do
do
do
do
do
398.6
327.0
67.8
176.7
179.0
397.6
2,962.6
411.5
297.6
54.8
195.6
181.8
380.5
2,998.7
32.4
26.1
2.9
17.5
15.2
28.6
280.2
48.3
27.2
3.9
21.8
14.7
23.6
294.6
46.5
25.0
6.7
18.7
17.1
42.7
221.3
31.2
28.4
5.0
21.0
12.6
26.3
297.6
38.7
23.1
4.3
19.0
11.8
25.6
230.4
37.2
24.7
4.3
18.0
12.7
27.6
293.0
31.0
26.9
5.0
16.9
13.1
39.4
320.1
40.6
22.7
4.2
15.7
16.2
55.5
339.7
44.8
27.3
5.8
18.0
14.4
49.0
315.0
42.2
24.2
6.4
17.4
18.6
43.0
366.6
56.3
26.2
4.5
18.5
12.4
45.2
402.9
42.3
31.1
7.6
30.0
18.5
22.3
379.8
50.2
25.5
4.5
21.0
12.8
30.5
384.2
do
do
do
do
do
do
697.9
8.2
1, 795. 6
743. 0
49.4
1, 786. 1
689.8
5.6
1, 955. 4
855.6
41.0
1, 709. 8
58.2
.5
182.5
79.2
2.9
137. 4
67.5
.3
205.9
82.9
2.7
158.6
61.7
.3
186.8
83.4
2.9
170.0
71.9
.5
231. 5
85.7
9.2
165.2
69.1
.4
217.3
81.4
4.7
149.5
65.7
.2
197.8
83.8
6.8
146.9
76.8
.3
223.9
91.6
4.7
177.0
72.2
.6
246.8
102.3
5.6
178.1
42.7
.3
218.5
87.4
4.3
163.9
81.6
.5
224.8
92.7
4.3
183.1
82.9
.6
242.8
102.8
3.3
188.7
69.6
.6
226.4
86.7
2.3
191.3
61.6
.6
230.3
94.2
7.4
176.9
do
6, 124. 9
7, 099. 3
637. 0
643.5
668.0
732.1
634.1
697.4
720.4
749.9
766.0
702. 2
615.3
727.8
905.5
Latin American Republics total 9
do
3, 969. 9 3,853.2
Argentina
do
140.3
148.8
Brazil
do
599.7
559.0
Chile
do
175. 2
229.1
Colombia
do
240.4
244.8
Mexico
do
748.9
750.2
Venezuela
do
1. 002. 4
981. 6
c
Revised.
9 Includes data not shown separately.
Corrected.
317.1
13.6
60.3
9.5
17.2
57.6
86.0
319.8
12.3
57.1
16.0
18.8
64.8
68.8
331.6
10.8
30.7
8.4
20.1
65.9
100.1
379.7
15.9
48.9
15.7
26.3
72.2
97.3
358.6
15.3
64.1
15.9
21.3
73.8
86.5
358.8
15.6
43.1
18.7
17.2
81.2
95.8
376.9
15.9
62.7
33.8
19.5
83.8
71.0
331.0
17.0
45.8
12.9
18.2
87.6
66.3
312.5
14.5
43.5
13.2
19.4
63.1
68.2
368.7
17.2
65.5
12.6
21.0
73.8
86.3
351.9
9.7
63.3
19.3
30.6
71.8
60.8
367.1
18.3
72.3
22.2
22.0
67.8
76.3
333.0
13.9
52.9
12.8
19.6
65.5
81.8
General imports total
Seasonally adjusted
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
Northern North America
Southern North America
South America
By leading countries:
Africa:
United Arab Republic (Egypt)
Republic of South Africa
Asia; Australia and Oceania:
Australia including New Guinea
India
Pakistan
Malaysia
Indonesia
Philippines
Japan
Europe:
France
East Germany
West Germany
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
r
do
4,126.2
230.3
547.9
248.1
218.0
1,223.3
587.5
76.4
630.4
72.3
836.7
Nov.
SURVEY OF CURRENT BUSINESS
December 1968
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
1967
1967
Annual
S-23
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
General imports— Continued
By commodity groups and principal commodities:
Agricultural products, total.
mil. $
4,530.5 4,472.1 369.1 378.5
430.8 415.2
410.8
379.0 438.2 433.2
Nonagri cultural products, total
do
21,011.7 22,343.6 1, 973. 1 2,057.0 2,020.2 2, 304. 4 2,032.9 2, 179. 3 2, 317. 0 2,381.4
386.2 437.5 434.5 455.0 385.7
2,262.6 2,374.5 2, 304. 6 2,414.3 2,538.4
Food and live animals 9
do
Cocoa or cacao beans..
_ _ do. __
Coffee
...do
Meats and preparations
do
Sugar
_
do _
Beverages and tobacco
do
Crude materials, inedible, exc. fuels 9
do
Metal ores
_
. do.
Paper base stocks
do
Textile
fibers
do
Rubber
_
_ do
3,947.5
122.2
1,067.3
599.5
501.2
641.7
3,265.5
1,019.8
449.3
436.3
180.9
4,003.1
147.2
962.7
645.0
588.4
698.1
2,964.3
973.9
419.3
305.6
174.5
347.0
6.7
90.6
61.4
42.3
69.8
248.9
88.8
34.8
20.8
13.2
335.0
9.5
82.2
54.9
37.3
73.8
256.3
86.1
38.3
26.2
17.1
357.0
14.4
63.9
58.2
64.3
81.7
254.0
86.0
33.7
28.5
16.6
366.5
21.0
100.1
57.2
25.2
74.2
254. 7
70.1
35.3
32.9
16.8
356.9
13.9
110.5
52.9
35.2
64.2
225.3
53.7
35.7
31.6
14.0
333.4
4.3
78.4
51.4
48.4
61.8
257.2
63.2
36.0
30.1
13.3
393.8
15.4
107.6
55.8
55.6
61.5
260.3
65.8
39.5
33.1
13.6
396.1
16.6
87.2
52.7
67.2
55.1
296.3
102.2
39.3
31.0
14.2
353.8
13.0
73.6
66.2
58.6
47.6
280;8
88.2
40.4
25.7
11.9
403.3
10.5
111.7
67.2
62.6
54.4
286.5
88.1
36.8
28.1
17.9
403.1
8.8
110.0
68.7
70.7
80.8
288.9
90.3
36.8
24.1
16.3
408.9
7.5
103.1
83.1
55.8
80.1
302.0
99.4
34.2
28.5
23.4
368.2
6.6
74.5
69.5
60.4
67.2
292. 1
85.9
40.4
22.2
14.0
Mineral fuels, lubricants, etc
Petroleum and products. _
Animal and vegetable oils and fats
Chemicals
__
do
do
do
.do
2,262.0 2,248.0
2, 127. 1 2,088.1
146.2
122.1
955.3
957.9
185.7
174.4
10.2
73.0
167.8
152.6
12.5
87.2
212.8
199.8
11.4
81.9
237.5
219.6
13.8
91.5
204.1
187. 6
14. 7
86.8
220.3
204.4
9.2
96.9
193.9
176.3
11.3
103.0
178.0
162.1
13.4
104.0
202.8
188.2
15.4
82.2
228.5
214.9
17.4
95.2
187.1
174.4
8.5
101.3
220.7
205.8
14.8
95.2
226.6
212.0
12.7
88.6
Manufactured goods 9
Iron and steel
Newsprint
_
Nonferrous metals _
Textiles
_
6, 352. 6
do
1, 305. 0
do
889.5
do
_ do__ _ 1,551.8
908.5
do
6, 384. 2
1,372.8
863.7
1,562.3
811.9
546.0
115.4
76.7
137.1
65.7
628.0
145. 6
71.6
167.6
70.8
570.3
121.0
71.3
155.6
66.6
681.5
128.4
72.0
224.6
86.2
610.0
123.8
61.1
198.7
70.2
686.6
145.6
70.9
220.1
74.5
760.2
168.1
79.0
244. 5
85.7
719.3
193.2
77.5
162.3
81.6
647.1
176.8
72.9
147.0
74.1
654.2
172.4
72.0
123.4
82.0
708.7
235.3
67.2
126.3
83.5
666.5
189.2
60.5
134.2
90.1
648.5
170.1
75.7
120.9
89.1
4, 822. 8
do
do
2,612.9
do. __
135.3
1,010.5
do
5, 793. 5
3,028.8
203.4
1,139.8
505.3
253.8
17.1
107.3
525.2
275.6
17.6
118.8
562.6
266.0
17.0
95.1
671.4
305.3
17.8
101.7
586.2
263. 1
16.1
90.0
577.4
267.2
15.4
99.9
617.8
305.6
20.0
118.9
686.0
301.7
16.2
113.8
665.0
283.6
22.0
111.3
630.6
308.7
14.7
133.2
547.6
309.4
18.3
136.1
663.3
322.9
17.6
140.9
788. 4
351. 8
17.0
160.4
2,209.8
1, 617. 7
2, 282. 2
866.4
2,762.4
2,259.4
2,576.2
1, 064. 9
251.5
219.8
238.9
113.8
242.9
211.7
247.7
108.2
296.6
257. 1
216.6
83.0
366. 1
322.3
247.3
90.1
323. 1
273.9
213.5
86.3
310.2
256.5
236.9
78.5
312. 2
255.6
246.6
106.8
384.4
338.9
262.9
103.3
381.4
327.1
261.2
93.0
321.9
276.8
332. 5
109.4
238.2
191.1
315.5
97.7
340.3
302.6
312.2
105.7
436.6
370.9
325.3
106.4
154
168
109
159
177
111
165
184
112
J>165
?182
P in
*113
178
182
102
185
191
103
200
205
103
213
220
103
224
234
104
185,978
18,570
187, 426
18, 636
16,827
1,454
18,364
1,696
15,602
1,606
14, 280
1,520
14, 114
1,547
14, 668
1,464
16,370
1,747
16, 602
1,684
15,223
1,520
15,864
1,550
16, 922
1,703
17, 531
1,790
266, 074
17,319
256,814
17,434
22, 686
1,487
20,861
1,567
23,312
1, 539
22, 856
1,740
19, 597
1,571
22, 416
1,605
19,965
1,756
23, 980
1,823
24,363
1, 686
24,946
1,845
23,932
1,918
26,304
1,915
130.6
124.7
40.8
9.9
7.6
133.7
136.3
43.7
11.1
8.6
23.8
514
23 9
509
Machinery and transport equipment
Machinery, total 9
._
Metalworking
Electrical
Transport equipment.
do
Automobiles and parts
do
Miscellaneous manufactured articles
do
Commodities not classified
do
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Quantity.
.1957-59=100
Value
do
Unit value
do
General imports:
Quantity
do
Value
do
Unit value
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports) :
Shipping weight
thous. sh. tons__
Value. _ _
mil. $
General imports:
Shipping weight.-.
_
thous. sh. tons..
Value
__
_ _
mil. $
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. total) :
Operating revenues, total 9
mil. $
3,707
Transport, total 9
_
do
3,672
Passenger
_
do
3,261
Property
do
242
U.S. mail (excl. subsidy)
do
91
Operating expenses (incl. depreciation) do
3,250
Net income (after taxes)
do
240
Operating results:
Miles flown (revenue)
mil
1,010.9
Express and freight ton-miles flown do
1 081 7
Mail ton-miles flown. _
do
282.4
Passengers originated (revenue)
do
81.1
Passenger-miles flown (revenue)
bil
57.1
Express Operations (qtrly.)
Transportation revenues
mil. $_ _
430.8
Express privilege payments
___do
111.7
Local Transit Lines
Fares, average cash rate
Passengers carried (revenue)- _
cents
mil
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. total) :
Number of reporting carriers
Operating revenues, total
_ mil. $
Expenses, total..
do
Freight carried (revenue)
mil. tons
21.9
6,671
4,470
4,431
3,936
277
104
4, 057
234
1, 274. 5
1, 285. 9
393.4
99.3
71.3
1, 130
1,121
989
73
33
1,076
23
114. 1
114.9
38.8
8.3
5.8
109.9
110.2
40.3
8.0
5.5
423.1
103.6
22.7
6,616
117.5
114.3
55.4
8.6
6.4
118.6
104.0
41.0
8.4
6.2
112. 0
102.6
41.3
7.9
5. 7
108.8
i 26.9
22.9
578
23.0
559
23.1
546
120 5
119 6
45 3
9.0
64
1,287
1 275
1,139
80
31
1 163
61
120
122
43
9
6
4
0
6
3
7
124.3
136 0
44.5
8.8
63
23.2
561
23.2
540
23.4
568
124.7
126.1
41.8
10.2
7.8
93.4
20 2
95.8
22 2
23 4
568
23.4
584
2
1, 203 2 1 203
1 203
7,963
8,117
2,169
7,566
7,813
2,078
477
473
122
'Revised.
»Preliminary.
1 For the 3d quarter 1967, payments of $1.4 mil. were
deferred until the 4th quarter 1967. 2 Number of carriers filing complete reports for the year.
1,164
1 153
1,028
71
31
1 116
14
9 Includes data not shown separately.
23 7
519
24.3
532
24.4
574
Nov.
SUKVEY OF CUREENT BUSINESS
S-24
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual
December 1968
1967
Oct.
Nov.
1968
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
171.7
164.3
166.4
Oct.
Nov.
2
23
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION— Continued
Motor Carriers (Intercity) — Continued
Freight carried, volume indexes, class I and II
(ATA):
Common and contract carriers of property
(qtrly.)
average same period, 1957-59 =100__
Common carriers of general freight, seas. adj.
1957-59=100.
Carriers of passengers, class I (qtrly.):
Number of reporting carriers
Operating revenues, total
mil. $__
Expenses, total
do
Passengers carried (revenue). _
mil
161.2
160.2
156.0
152.8
1
161
643.0
547.6
225.3
168.1
154.4
153.3
156.4
160.1
163.3
165.8
161
l 161
663.9
586 0
223 6
162.1
172.6
163.4
165.4
165.1
165
159.7
145.6
54.6
141.1
139 5
50 8
2 610
2 349
2 757
2 482
2 2, 707
105
112
2 079
2 131
2 2, 173
2394
2140
2107
184 8
181 8
1 292
3 105
Class I Railroads
Financial operations (qtrly.):
Operating rfivenilfis, total 9
mil. $
Freight
do
Passenger. .
do
Operating expenses...
do
Tax accruals and rents
do
Net railway operating income
do
Net income (after taxes)
do
Opera ting results:
Ton-miles of freight (net), revenue and nonrevenue (qtrly )
bil
Revenue ton-miles
do
Revenue per ton-mile (qtrly avg )
cents
Passengers (revenue) carried 1 mile (qtrly ) mil
Travel
Hotels:
Average sale per occupied room__ __
dollars
Rooms occupied
% of total
Restaurant sales index same mo. 1951=100
Foreign travel:
U S citizens' Arrivals
thous
Departures
do
Aliens: Arrivals..
.
do
Departures
do
Passports issued and renewed
do
National parks, visits
do
Pullman Co. (qtrly.):
Passenger-miles (revenue)
mil
Passenger revenues
mil. $
COMMUNICATION (QTRLY.)
Telephone carriers:
Operating rp,vp,nnp,s 9
Tnil $
Station revenues
do
Tolls, message
do
Operating expenses (excluding taxes)
do
Net operating income (after taxes)
do
Phones in service, end of period
mil
Telegraph carriers:
Domestic:
Operating revenues
mil $
Operating expenses _ _
do
Net operating revenues (before income taxes)
mil $
International:
Operating revenues
do
Operating expenses
do
Net operating revenues (before income taxes)
"
mil. $
906
4 325
2,673
2,375
116
2,069
378
226
4
-17
750.5
738 3
1 257
s 17 095
731 6
s 719 4
1 269
15 201
185.7
182.6
1.301
3,566
10.03
10 59
11.40
61
116
68
112
3 881
3,759
2,413
2 040
1, 548
38, 490
4,387
4,334
2,773
2,358
1,686
39, 538
360
296
248
226
83
2,725
1,969
33.80
1,434
24.57
288
272
5.02
4 64
4.08
12 905
6,699
4,761
7,713
2,317
86.0
13, 847
7,090
5,170
8,319
2,488
90.2
3,568
1,822
1,332
2,153
642
90.2
3 634
1 851
1 358
2 156
3, 796
1,895
1,447
2,275
91 6
3,700
1,872
1,390
2,191
584
92.2
319 3
275.5
335 0
291. 9
84 6
72.6
86 3
74.8
90 7
77.3
89.3
79.7
24 9
24 2
83
6 0
7.5
5.4
121 4
90.4
132.3
101.4
34 8
27.2
35.8
27.1
37.0
27.6
39.0
29.1
27.1
26.2
6.0
7.2
7.9
8.2
1, 292
1,241
1,276
1,271
973.3 1,062.4 1, 082. 6 1,163.7
69.6
75.5
73.1
89.5
688.2
649.8
700.1
708.4
132.0
150.3
144.8
137.8
538.9
593.0
595.3
517.8
21, 114 22,099 21,930 21,661
432.6
458.6
453.8
435.9
1,156
1,028.5
88.0
692.4
141.7
470.4
21, 265
381.9
1,172
1,219 «• 1, 224
995.5
1,031.3 «• 932. 1
92.5
107.2 ' 105. 5
706.5
702.6
701. 8
148.9
138.7 r 149.0
483.3
463. 3
434.9
21,077 '18,960 18, 296
326.2 ' 388. 2 417.7
390.2
349.8
433.5
364.0
342.1
399.5
11.6
12.6
12.7
10.5
12.2
11.6
755.4
672.1
723.9
666.3
727.7
708.8
55.2
51.4
57.1
38.1
59.1
49.0
134.6
130.5
145.2
110.7
114.4
115.8
2,615.8 2,284.3 2,380.8 2,459.7 2, 447. 7 2,541.2
383.7
12.4
727.1
46.0
121.2
2,278.1
372.6
397.6
380.0
12.1
11.7
11.3
736.7
729.1 ' 725. 0
45.3
42.8
'47.4
120.7
121.4
115.0
2,161.8 -•2,282.2 2, 309. 0
10, 661
9,286
544
8,122
1 490
1,048
62
115
10 366
9 130
485
8,203
1 485
677
9.91
11.24
59
110
48
119
292
249
197
172
79
278
298
196
204
75
922
1,534
418
207
174
383
148
110
10.73
56
103
320
322
206
154
128
832
10.83
61
116
306
334
169
138
143
1 082
194.3
r 191. 5
1.296
3,311
11.94
10.48
11.64
11.14
64
129
63
117
63
134
63
125
350
359
204
168
176
371
374
230
185
213
383
391
244
206
235
2,112
2,881
439
559
269
238
214
6,499
1 366
662
2
55.6
23
71. 8
258.0
59. 5
12.31
10.63
11.90
11.85
63
116
63
122
72
118
533
627
327
260
191
9,273
809
528
357
311
132
9,240
693
4,174
r83
2,722
58
117
74. 9
244
643
93.6
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Acetylene
mil. cu. ft__
Ammonia, synthetic anhydrous __ thous. sh. tons_.
Carbon dioxide, liquid, gas and solid
do
Chlorine, gas (100% Cla)
do
Hydrochloric acid (100% HC1)
do__._
Nitric acid (100% HNOs)
do
Oxygen (high purity)
mil. cu ft
Phosphoric acid (100% PsOs)
thous. sh. tons__
Sodium carbonate (soda ash), synthetic (58%
Na2O)
thous sh tons
Sodium bichromate and chromate
do
Sodium hydroxide (100% NaOH)__
do.__.
Sodium silicate, anhydrous
thous. sh. tons
Sodium sulfate, anhydrous
thous. sh. tons
Sulfuricacid (100% H2SO<)
do..._
r
2
Revised.
*> Preliminary.
1
1,234
1,230
16,598 5 14, 570
10,622.4 11,869.6 1,022.9 1,024.7
98.2
83.7
1, 089. 0 1,172.8
653.7
666.7
7,205.2 7, 658. 0
138.2
139.1
1,519.4 s 1,597. 7
532.0
521.7
5, 514. 4 6, 121. 8
212, 751 5 224, 592 19,258 20, 570
415.3
414.3
4, 548. 6 4, 764. 3
5,089.7 4, 827. 9
141.5
131.3
7, 616. 5 7, 891. 4
623.3
605.3
1, 445. 1 « 1,386. 6
28,384.9 28,815.2
407.4
11.2
679.2
53.3
120.6
2,448.9
393.9
10.8
681.9
55.4
119.2
2,478.4
1,273
955.8
81.6
695.5
146.9
521.5
21, 511
455.1
Number of carriers filing complete reports for the year.
Preliminary estimate by Association of American Railroads. 3 Data cover 5 weeks;
other months, 4 weeks.
< Reflects adjustment of -230 mil. dol. for extraordinary items.
1,278
990.6
81.1
661.9
126.7
499.3
20, 895
412.5
5 Annual total reflects revisions not distributed to the monthly data.
1968, passports are issued for 5 years; no renewals are made.
6 Effective Aug. 26,
SURVEY OF CURRENT BUSINESS
December 1968
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
S-25
1968
1967
1967
Annual
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
142.3
2.1
8.0
142.5
2.6
9.3
12.3
13.3
340. 6
10.7
14.5
336.4
Oct.
Nov.
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Organic chemicals, production:^
Acetic anhydride
Acetylsalicylic acid (aspirin)
Creosote oil
mil Ib
do
mil. gal
1
1 596 8 ll 556 4
34 1
30 5
114.7 i 116 5
1
131 5
33
90
123 4
28
9.9
144.0
2.1
133.3
2.6
7.2
136 5
26
9.5
140 1
29
9.9
123 7
27
9.6
103.0
2.2
8.3
107.6
2.4
10.7
141.2
2.3
9.0
mil. Ib
do
do
141.5
1
121. 6
1 3 712 6
102.8
138 9
3 686 2
4.4
9 4
324 4
6.6
14.9
320 6
10.1
12.7
335 1
11.7
13.5
313 8
11.5
10 5
337 6
12.6
13 5
340 4
10.8
95
343 6
11.7
13.6
350 5
12.3
12.8
356 3
12.2
13.0
337 3
do
do
mil. gal
mil. Ib
365.6
26.0
i1 492. 3
675. 2
353.8
32 6
i 520. 2
715.3
32.4
25 0
41 9
63.0
32.6
30.4
44.6
62.7
30.8
32.6
48.3
66.2
30.8
36.0
45.4
51.0
29.4
36. 7
46 5
58.2
34.1
42.1
46.8
59.7
28.8
37 5
49 9
60 8
27.3
32 1
47.5
66.6
26.3
29.3
46.5
65.5
27.5
29 2
48.6
57.1
30.2
28.7
46. 1
'63.9
'28.7
••28.4
47.5
59.7
mil. tax gaL
do
-do
do
659.6
204.0
570.0
74 7
685.0
218 4
556 1
79 0
66. 3
219 5
44.1
84
59.5
208.7
44.2
8.4
57.2
218 4
41 6
62
56.8
220.0
44.0
64
52.2
223 3
43.8
50
55.2
223 9
41 8
58
6
7
2
5
58.2
216 6
48.8
69
54.6
215 7
44.7
64
59.7
217 4
47 1
65
56.5
207.5
49.8
66
60.0
201.4
47.0
7.7
mil. wine gaL _
do
307.3
310.0
3. 5
300.1
298. 7
23.7
24.0
23.8
23.6
22.9
22.4
23.7
22.9
5. 7
23.5
23.8
5.3
22.7
24.1
3.9
25 9
25.8
4.0
26.3
27.2
3.1
24.0
23.8
3.4
25.3
25.8
2.9
26.7
26. 2.
3.3
25.2
25.7
14,219
2,303
10, 018
1,000
15, 294
1 1, 629
11, 025
1,119
1 501
334
963
115
1,343
128
943
71
1,428
159
947
106
1 419
175
935
91
1 324
121
948
127
1 417
162
1 077
79
1 584
229
1,132
115
1 610
174
1 207
110
1 466
147
1,091
89
1 617
215
1 195
75
1 533
180
1, 143
99
1,658
242
1, 134
153
1 902
347
1,332
160
154
160
2 382
321
177
168
2 711
218
16
13
171
2
17
13
328
18
11
g
188
11
18
20
467
16
18
17
378
g
28
31
473
30
46
11
498
16
21
3
223
19
11
1
205
30
11
1
152
25
15
6
111
25
13
5
260
14
6
275
C2)
3,991
4,034
385
267
259
336
411
607
598
354
281
117
213
4,450
624
4,695
726
407
597
411
658
398
726
356
697
375
704
405
615
378
500
379
497
310
529
257
567
>308
r
578
Explosives (industrial), shipments, quarterly:
Black blasting powder
mil. lb_
High explosives _ _
do_ _
.5
1,753.1
.4
1, 708. 5
Paints, varnish, and lacquer, factory shipments:
Total shipments.
mil. $_
Trade products _
do
Industrial
finishes
_ _
do
2, 364. 4
1, 312. 4
1, 052. 0
2, 348. 2
1, 329. 5
1 018.7
195.7
105.9
89.8
179 9
94.1
85 8
150 4
76.5
73 9
177 6
89 7
87 9
186 2
100 9
85 3
206 4
114 7
91 6
229 2
135 8
93 3
241 7
141 4
100 3
239 0
139 8
99 2
231 6
140 5
91 1
238 6
141 9
96 6
229.4
127.6
101 8
Sulfur, native (Frasch) and recovered:
Production
thous. Ig. tons
Stocks (producers'), end of period- _
do
18,243
2,704
8,284
1,954
699
2,231
678
2,123
702
1,954
681
1,996
646
2,011
699
2,046
690
2,027
715
2,028
763
2,142
777
2,293
771
2,466
744
2,619
1 186. 7
1 171. 9
12.8
13.9
14.9
12.3
15.4
15.3
14.2
14.3
14.2
13.3
15.7
1
i 585. 9
50.8
47.8
44.0
48 4
49 8
53 9
54 0
55 3
51 1
52 6
54 5
i 289. 9
489.7
i 953. 7
i 645. 4
22.9
42.1
87.2
60.6
24.9
42.4
84.2
57.4
27 4
44.9
76.0
52.8
24 8
39 6
82.3
51 9
29 7
45 6
83.1
55 2
28
49
87
60
1
1
6
3
31 0
54 3
83.7
58 3
30 9
51 9
92.3
59 6
21
50
86
55
28
46
72
54
6
2
0
1
24 2
47 7
85.2
65 5
203.6
228.5
321.3
213.9
235.4
311.4
208.7
233.2
360.3
193.4
219.9
344.4
189.8
218.3
343.7
220.2
235.9
334.1
224.2
237.1
351.6
235.6
250.3
370.0
229.3
246.7
363. 5
212.3
231.7
362.4
228.1
245.3
381.4
DDT
Ethyl acetate (85%)
Formaldehyde (37% HCHO)
Glycerin, refined, all grades:
Production
Stocks, end of period
Methanol, synthetic and natural
Phthalic anhydride
.__
r
27. 3
28.3
ALCOHOL
Ethyl alcohol and spirits:
Production
Stocks, end of period
_
Used for denaturation
__
Taxable withdrawals
Denatured alcohol :
Production _ __
Consumption (withdrawals)
57
220
48
7
FERTILIZERS
Exports, total 9— -- -- -Nitrogenous materials.. _ __
Phosphate materials.
Potash materials
thous. sh. tons
do
do
_
do
Imports:
Ammonium nitrate
Ammonium sulfate__
Potassium chloride
Sodium nitrate
___
do
do
do
do
Potash deliveries (K20)
do___
Superphosphate and other phosphatic fertilizers
(100%P205):
Production
.. thous. sh. tons__
Stocks, end of period
do
(2)
341
529
MISCELLANEOUS PRODUCTS
o
330 9
.1
403.9
.1
417 5
.1
428 8
PLASTICS AND RESIN MATERIALS
Production:
Cellulose plastic materials
mil. Ib—
Thermosetting resins:
Alkyd resins
do__.
Coumarone-indene and petroleum polymer
resins
mil. Ib
Polyester resins
do
Phenolic and other tar acid resins
do. Urea and melamine resins _ _ _
do
1334. 5
1 470. 0
1,046. 7
i 718. 3
Thermoplastic resins:
Styrene-type materials (polystyrene) mil. lb_ .
Vinyl resins (resin content basis)
do
Polyethylene
do
12,384.5 12,365.4
12,680.0 12,599.4
13,558.0 3, 761. 9
666. 1
7
6
2
2
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total
mil. kw.-hr__ 1,249,444 1,314,299 109, 498 109,818 115,905 121, 305 112, 970 114,845 109, 234 114, 607 119, 340 127, 472 131, 905 115,832
Electric utilities, total....
By fuels
By waterpower
do
do
do
Privately and municipally owned util
do_.
Other producers (publicly owned)
___do
Industrial establishments, total
By fuels
By waterpower
r
„
do
do
do
1,144,350 1,211,749 100,864 101,288 107, 340 112, 565 104, 531 105, 887 100, 340 105, 522 110, 645 118,870 123, 001 107, 154
949, 594 991, 706 82,989 82,781 86,503 92, 325 86, 615 87,024 81, 341 85, 998 91, 708 99,841 104, 856 91,425
194, 756 220, 043 17, 874 18, 508 20, 837 20, 240 17, 915 18,864 18, 999 19, 524 18,936 19, 029 18, 146 15, 726
933, 464
210, 886
985, 580
226, 169
82, 784
18, 079
82,860
18, 429
87,361
19,979
91, 866
20, 699
84,976
19, 555
85,345
20,542
80, 976
19,364
85,251
20, 271
90,318
20, 326
105, 094
101, 912
3,182
102, 549
99,203
3,346
8,635
8,369
266
8,529
8,259
270
8,565
8,251
314
8,740
8,421
319
8,439
8,155
284
8,957
8,651
306
8,895
8,578
317
9,084
8,758
327
8,695
8,378
317
Revised.
i2 Revised annual total; revisions are not distributed to the monthly data.
Less than 500 short tons.
97,308 101, 215
21, 552 21,786
87,884
19, 270
8,904
8,657
246
8,677
8,457
220
8,603
8,338
265
cf Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
9 Includes data not shown separately.
SURVEY OF CUKKENT BUSINESS
S-26
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
Annual
December 1968
1967
Oct.
Nov.
1968
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
ELECTRIC POWER AND GAS—Continued
ELECTRIC POWER— Continued
Sales to ultimate customers, total (EEI) mil.kw.-hr. 1,038,982 1,107,023 92, 564
Commercial and industrial:
225, 878 242,492 20,868
Small light and power§
do
465, 077 486,043 41, 724
Large light and power §
_ _ do
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental
do
do_ _
do
_ _ _ __do
do
4,514
306, 572
9,240
25, 922
1,779
4,572
331, 525
9,863
29,426
3,102
355
25, 939
876
2,495
307
91, 635
95, 386 100,952
98, 707
98,285
94,620
94, 367
97, 169 102, 330 107, 416
19,708
41,307
20,047
41,216
20,851
41,851
20,526
41,380
20,501
42, 024
20, 029
42, 488
20, 621
43, 488
22,064
43, 354
24,174
43, 055
25,433
44, 195
389
26, 513
915
2,525
278
434
29, 782
962
2,668
277
458
33, 924
960
2,626
283
432
32, 603
901
2,593
273
404
31, 603
874
2,599
280
358
28, 118
815
2,527
284
351
26, 239
775
2,586
307
336
27, 676
750
2,685
304
342
30, 995
746
2,693
324
338
33, 570
796
2,769
315
Revenue from sales to ultimate customers (Edison
Electric Institute)
-mil. $__ 16, 196. 1 17,222.7 1,444.5 1,423.4 1,473.0 1, 545. 5 1,519.0 1, 503. 1 1, 454. 6 1,450.8 1, 514. 6 1, 601. 6 1, 670. 7
GAS
Manufactured and mixed gas:
Customers end of period total 9
Residential
Industrial and commercial
thous
do
do
670
628
41
666
624
41
666
624
41
669
626
43
650
608
40
mil therms
do
do _
1 386
807
562
1,437
829
589
404
227
171
613
389
224
323
174
144
Revenue from sales to consumers total 9 mil $
Residential
do
Industrial and commercial
do
127 9
83.5
43 1
131 4
84.5
45 3
36.4
23.0
12.9
53.9
36.5
17.5
29 3
18.1
10.8
38 183
35 057
3,082
39 034
35 836
3,152
39, 034
35, 836
3,152
39, 053
35, 842
32, 115
38 835
35, 692
3,097
127,183
40 933
80, 592
133 424
42, 811
85, 321
34, 460
11, 120
22, 027
47, 703
20, 674
27, 030
33, 077
8,960
22, 594
7 736 8
Revenue from sales to consumers total 9 mil. $
4, 108. 2
Residential
do
Industrial and commercial
do_ __ 3, 425. 4
8 124 4
4, 294. 9
3, 637. 9
2,100.9
1,103.1
946.4
3, 169. 0
1,883.4
1, 285. 6
1, 911. 7
940.4
920.0
Sales to consumers total 9
Residential
Industrial and commercial
Natural gas:
Customers end of period total 9
Residential
Industrial and commercial
Sales to consumers total 9
Residential
Industrial and commercial
thous
do
do
mil. therms
do
do _
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
mil. bbl
Taxable withdrawals
_ do_ _
Stocks end of period
do
Distilled' spirits (total) :
Production
mil. tax galConsumption, apparent, for beverage purposes
mil. wine gal
Taxable withdrawals
mil. tax galStocks end of period
do
Imports
mil proof gal
Whisky:
Production
mil. tax galTaxable withdrawals
do
Stocks, end of period
do _
Imports
mil proof gal
Rectified spirits and wines, production, total
mil proof gal
Whisky
do
Wines and distilling materials:
Effervescent wines:
Production
_ mil. wine gal...
Taxable withdrawals
do
Stocks end of period
do
Imports
do
Still wines:
Production
do
Taxable withdrawals
do
Stocks end of period
do
Imports..
do
Distilling materials produced at wineries
do _
113. 04
104. 26
10.57
116. 55
106. 97
10.77
9.00
8.28
11.83
8.37
8.12
11.30
8.47
8.33
10.77
9.05
7.58
11.52
8.57
7.48
11.94
10.10
8.95
12.36
10.84
9.45
12.88
11.48
10.19
13.17
11.37
10.30
13.31
12.30
11.58
13.02
191.14
211. 74
20.58
20.73
19.94
18. 33
16.49
17.63
21.21
25.14
19.32
308. 92
144. 73
880. 56
60.30
324. 81
148. 20
904. 58
68.17
28.94
16.07
897. 34
7.80
33.94
15.20
899. 16
8.54
37.98
11.05
904. 58
7.42
23.22
10.97
909. 39
4.76
24.62
10.07
912. 89
5.00
28.22
10.52
917. 15
5.17
26.62
13.95
920. 51
6.20
29.37
12.59
929. 85
6.00
128. 51
94. 58
835. 46
52. 20
153. 78
97.02
856. 66
59.70
14.58
11.69
853. 34
6.94
14.83
10.74
853. 74
7.67
12.76
7.21
856. 66
6.58
13.08
7.19
860. 36
4.22
13.57
864. 53
4 48
14.36
7.24
868. 98
4.60
16.28
8.62
873. 77
5.35
101. 08
67.14
108.15
67.20
11.82
7.78
12.17
7.90
8.63
5.17
8 31
4.70
6.90
4.16
7 60
4.31
8.75
7.40
3.75
1.64
10. 18
8.74
4 30
1.92
.85
1.11
4.75
.24
1.00
1.20
4.46
.28
1.04
1.12
4.30
.23
.98
.60
4.62
.15
1.07
.56
5 07
13
1.12
.78
5 35
.14
218. 38
165.80
265 11
16.34
217.36 106. 20
174. 84
16.69
272 03 263 56
1 17. 46
1.69
47.77
16.61
285. 85
2.24
7.93
14.45
272 03
1.88
3.88
15.11
258 34
1.37
2 83
14.51
243 08
1.27
2.92
18.42
227 77
1.30
2.94
13.48
214. 48
1.68
3.01
14.05
203. 34
1.93
391. 14
361. 34
161. 94
58.10
19.98
10.50
3.18
3.84
3.99
1, 112. 0
32.3
.672
1 222 6
168.6
.675
83 7
200.5
.676
82.2
186.2
.675
93 0
168.6
.686
107 8
163.5
.673
100 7
173 0
.673
108. 6
176.4
.672
1 855.5 1 905 2
1,220.6 1 277. 5
138.1
87.2
132.0
81.0
148.0
92.5
149 0
94.8
144 2
94 3
6 88
11.37
10.76
12.64
9.86
9.11
12.54
18.24
14.72
19.36
26.48
12.13
934. 29
5.16
25.96
10.53
939. 76
4.92
27.47
12.53
938. 82
6.17
14.29
940. 45
6.80
9.23
20.51
7.88
883. 23
5.34
14.15
6 97
888. 11
4.50
13.85
6 28
893. 66
4.31
9.60
7.63
892. 77
5.37
13.28
9 45
893. 39
5.92
8.13
10 30
6.30
9 37
5.77
8 91
5.33
8 30
4.92
8.66
4.99
10 43
6.37
1.17
.63
5.82
.15
.88
.78
5.85
.20
.87
.74
5 90
.17
.60
.55
5.86
.13
1.06
.77
6.08
.24
.95
1.06
5 85
.18
.26
2.40
14.39
187 59
1.41
2.21
11.22
175 28
1.55
8.88
14.76
166.67
2.24
72. 54
14.76
221 09
2.22
1.78
3.52
3.22
4.66
35.96
125. 32
113.9
180.1
.673
124.4
199. 3
.673
116.5
225.0
.672
100.1
241.7
.674
81.5
224.6
.677
70.2
196.5
.691
77.7
163.9
.686
163 0
105.8
179.9
120.9
199 6
139.6
197.1
140.1
175.7
123.1
161.3
109.6
146.6
94.4
147.1
90.4
DAIRY PRODUCTS
Butter, creamery:
Production (factory)
Stocks, cold storage, end of period
Price, wholesale, 92-score (N.Y.).
Cheese:
Production (factory), total
American, whole milk-
mil. Ib
do
. $perlb
mil. Ib
do
Stocks, cold storage, end of period
do
American, whole milk_
do
Imports
_
_ _
do_
Price, wholesale, American, single daisies (Chicago)
$perlb__
372.7
322.2
135.5
390. 3
344.0
* 151. 8
419.7
370.0
8.5
401.8
354.3
9.3
390.3
344.0
13.9
372.9
326.3
9 3
361.0
312 3
8 7
352.5
304 6
9.1
363.4
315.0
9.5
393.7
341.6
14.8
420.8
370.1
12.9
444.5
389.2
20.9
451.3
390.5
23.5
»-448.5
377.2
20.2
418.2
349.8
10.7
.527
.521
.518
.518
.529
.530
.528
.522
.550
.553
.549
.549
.550
.551
.562
r
l
Revised.
Annual total reflects revisions not distributed to the monthly data.
§ Data are not wholly comparable on a year to year basis because of changes from one classi-
fication to another.
9 Includes data not shown separately.
Nov.
SURVEY OF CURRENT BUSINESS
December 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual
S-27
1968
1967
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS— Continued
Condensed and evaporated milk:
Production, case goods:
128.6
Condensed (sweetened)
mil. lb__
1, 709. 2
Evaporated (unsweetened)
_ _ do
Stocks, manufacturers', case goods, end of period:
11.6
Condensed (sweetened)
mil. lb_.
192.9
Evaporated (unsweetened)
_ _ _ do
Exports:
92.9
Condensed (sweetened)
.
do
38.4
Evaporated (unsweetened)
__. _ _ do
Price, manufacturers' average selling:
6.73
Evaporated (unsweetened)
$ per case-Fluid milk:
Production on farms
mil Ib 119, 892
Utilization in mfd. dairy products
____do
56,398
Price, wholesale, U.S. average _ $ per 100 Ib
4.82
Dry milk:
Production:
Dry whole milk
mil. Ib
94.4
Nonfat dry milk (human food)
do
1,579.7
Stocks, manufacturers', end of period:
Dry whole milk
_
do
6.9
Nonfat dry milk (human food)
do
118.2
Exports:
Dry whole milk
do
16.4
Nonfat dry milk (human food)
do
170.3
Price, manufacturers' average selling, nonfat dry
milk (human food).
__$ per lb._
.182
64.4
1, 493. 2
4.0
95 6
5.7
83.7
7.7
91.0
3.00
86.2
7.4
85.6
8.7
96 4
8.0
125 4
6.7
146 7
9.3
138 4
8.6
138 0
8.1
134 5
6.9
107 5
8.3
101 5
5.8
190.2
8.7
265.3
8.9
219.2
5.8
190. 2
5.4
142.2
8.2
104.0
8.2
78.1
6.4
58.6
2.6
106 2
4.7
149 1
4.0
178 9
3.0
192 8
5.7
189 0
3.0
160 6
28.6
33.8
(l)
2.5
1.0
2.5
6.0
2.6
.9
33
1.5
2.3
2.7
25
4.7
3.9
1.3
2 5
2 4
17
65
32
60
17
2 7
28
61
31
7.05
7.06
7.06
7.06
7.06
7.06
7.07
7.22
7.29
7.33
7.35
7.36
7.36
7.36
119, 294
58, 587
5.01
9 167
4,067
5 30
8 814
3,808
5 35
9 299
4,126
5.29
9 608
4,628
5.27
9 249
4,574
5.20
10 269
5,103
5 08
10 460
5,576
5.03
11 283
6,147
4 99
10 937
6,038
4 90
10 208
5,567
5 06
9 567
4,929
5 24
9 058
4,129
5 46
9 159
4,119
r 5 62
74.3
1,674.8
55
98.5
57
97.4
60
118.9
65
128.0
57
128.8
64
145.5
7i
169.8
9 6
189.2
10 0
188.2
52
152.1
4 6
120.3
4 9
91.0
61
91.0
6.1
98.7
72
111.8
6.6
99.9
6.1
98.7
66
84.6
66
79.3
63
76.8
76
89.6
91
118 0
11 5
145 9
11 1
139 9
10 1
128 4
91
90 1
12.8
140.9
12
4.7
1i
3.5
1.1
2.5
11
4.1
7
6.2
15
6.7
1i
4.3
13
26 4
7
12 3
17
10 2
14
20 8
84
107 4
11
22 8
.199
.200
.199
.198
.198
.198
.199
.227
.231
.231
.231
.232
.234
.235
1, 245. 4
105.5
152.5
121.2
116.7
122.8
122.3
109.6
86.2
92.2
99.1
114.4
86.2
84.8
18
445 8
295 6
150 2
4
8 793
5 67
6 a
81
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats rye, wheat) .. .mil. bu_. 1, 590. 3
Barley:
Production (crop estimate).. _
Stocks (domestic), end of period
Onfarms__
Off farms
Exports, including malt§
__
Prices, wholesale (Minneapolis):
No. 2, malting
No. 3, straight. _ _
do
do
do
do
do
$ per bu
do
Corn:
Production (crop estimate, grain only)._mil. bu__
Grindings, wet process
do
Stocks (domestic), end of period, total_ .mil. bu__
On farms
_ _
do
Off farms
do
Exports, including meal and
flour
do
Prices, wholesale:
No. 3, yellow (Chicago)
$ per bu
Weighted avg., 5 markets, all grades
do
Oats:
Production (crop estimate)
Stocks (domestic), end of period, total
On farms
Off farms
,
mil. bu_
do
do
do_ _
Exports, including oatmeal
__ __do
Price, wholesale, No. 2, white (Chicago)
$ per bu..
Rice:
Production (crop estimate) _ . _
mil. bags 9
California mills:
Receipts, domestic, rough
.mil. lb__
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of period
mil. lb_.
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
.mil. lb_.
Shipments from mills, milled rice - _ do
Stocks, domestic, rough and cleaned (cleaned
basis), end of period
mil. lb__
Exports
do
Price, wholesale, Nato, No. 2 (N.O.)
$ per lb_.
Rye:
Production (crop estimate)
mil. bu
Stocks (domestic), end of period
do
Price, wholesale, No. 2 (Minneapolis).. $ per bu._
Wheat:
Production (crop estimate), total
Spring wheat
.
Winter wheat
___ _
Distribution
Stocks (domestic), end of period, total
On farms
Off farms
mil. bu
do
do
do
do
do
do
2 393. 2
294.4
179. 1
115.2
63.6
2 370. 2
301.6
182.9
118.7
40.2
2.9
4.0
301.6
182.9
118.7
.3
11
4.8
216.9
127 7
89 3
29
.8
1.35
1.33
1.30
1.29
1 26
1 26
1 25
1 24
1 20
1 20
1 23
1 24
1 24
1.25
1 23
1 23
1 24
1 23
2 4, 117
203.6
2 4, 722
207.2
19.2
17.1
15.9
18.2
17.9
18.3
18.3
3,677
2,899
779
616.6
4,217
3,353
864
515.3
42.5
76.3
4,217
3,353
864
61.7
51.8
48.1
3, 169
2 362
807
54.9
41.9
1.34
1.31
1 27
1.25
1 15
1.14
1 06
1.07
1 11
1.09
1 10
1.09
1 12
1.10
1 14
1.14
1 13
1.11
2goi
662
557
105
2782
648
543
104
3
648
543
104
30.2
9.4
.4
6
5.77
«.75
.74
.74
2 85. 0
289.6
1,536
920
1,913
1,403
352
41
81
43
.1
8
136 8
44 70 6
66 1
5
11
1 24
1 25
1 19
1 18
1 06
1 07
1
f)A
1 19
1 20
1 05
424 6
7
1
1 17
1 1^
in
110
3 4 440
4
42.1
2,151
1 621
531
42.7
46.7
60.7
1 17
1.14
1 13
1.15
1 in
1.10
i na
1.06
I flfi
1.03
40.8
1 flfi
1.08
I
-i q
1.14
3 934
4
270
4 204
4 66
442
358
84
1, 146
4 765
4
380
50.2
930
776
154
6
7
9
14
10
5
2
16
°0
7
.80
.83
.79
.81
.82
.74
.67
.60
63
58
187
135
194
224
213
167
206
188
122
119
83
63
91
80
54
28
170
76
371
69
3 106 9
59
62
317
254
269
277
254
260
185
179
142
106
88
69
79
110
286
5,880
3,962
6,675
4,561
1,487
504
592
492
384
408
338
451
511
485
235
424
141
434
62
410
88
299
126
248
1,182
305
1,732
372
1,584
1,758
2 978
.083
1,875
4 066
.085
2,064
288
.085
2,003
337
.085
1,875
343
.085
1,671
559
.085
1,545
295
.088
1,236
481
.090
988
469
.090
644
406
.090
417
300
.090
272
235
.090
784
169
.087
1,547
040
2,122
227.8
28.4
1.20
224.1
27.7
1.19
1.14
27.7
1.13
1.18
23.2
1.17
21,312
2249
21,062
1,600
2 1, 524
2312
21,212
1,365
481
9AQ
3
1.16
1.17
4
1.13
1.14
18 0
1.12
1.10
1.09
31.9
1.12
24 1
1.17
1.17
3
347
1,049
1,209
1,209
409
505
505
641
704
704
3
'Revised,
i Less than
50,000 Ibs.
2 Crop estimate for the year.
December 1
4
estimate of 1968 crop.
Old crop only; new crop not reported until beginning of new crop
4
373
1 598
3 346
3 i 252
299
4 537
837
360
44 228
477
309
year (July for barley, oats, rye, and wheat; Oct. for corn).
eludes pearl barley.
9 Bags of 100 Ibs.
446
1 690
744
946
5
Average for 11 months.
§ E x-
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual
December 1968
1967
Oct.
Nov.
1968
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Wheat— Continued
Exports total including
Wheat only
flour
mil. bu
do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu__
No. 2, hd. and dk. hd. winter (Kans. City). do
Weighted avg., 6 markets, all grades
do _
Wheat flour:
Production:
Flour
thous sacks (100 Ib )
Offal
thous sh. tons
Grindings of wheat
thous bu
Stocks held by mills, end of period
thous sacks (100 Ib )
Exports
do
Prices, wholesale:
Spring, standard patent (Minneapolis)
$ per 100 Ib
Winter hard 95% patent (Kans City) do
875 7
820.8
675.6
637.1
59 0
56.8
71.5
68.9
59 1
55.2
63 1
58.7
69 1
65 4
63.4
59.1
64.8
58.0
42.2
39.1
48.3
45.6
51.1
48.0
50.2
46.5
30.4
25.2
42.6
37.9
1.97
1.81
1.88
1.92
1.68
1.88
1.93
1.63
1.93
1.91
1.59
1.86
1.85
1.58
1.86
1.86
1.62
1.87
1.85
1.63
1.85
1.87
1.61
1.84
1.84
1.57
1.83
1.81
1.55
1.78
1.77
1.48
1.70
1.74
1.42
1.62
1.68
1.41
1.62
1.72
1.42
1.73
1.79
1.49
1.83
253 000
4,619
568 672
245, 240
4,423
549 801
21 809
394
49 105
21 046
378
47 016
20 731
371
46 503
21, 543
387
48, 368
20,379
366
45,637
21, 873
390
49 019
20,025
355
44,492
19,985
351
44,374
19,687
352
44 119
20, 422
369
45, 852
21,873 '21, 533
391
379
48,950 r48, 042
23, 475
410
52, 098
4 180
23 540
4 372
16, 535
921
1,115
4 372
1,712
1,903
1,568
4 348
1,842
2,930
1,300
4 262
1,144
1,304
1,551
4,517
2,229
2,020
6 365
5 994
6 124
5 631
5 975
5 483
5 925
5 433
5 913
5 383
5 938
5 433
6 020
5 500
6 020
5 450
6 210
5 938
5 888
5 350
5 775
5 267
5 775
5 350
5.788
5.288
4 432
27 319
13, 134
8 056
4 002
27 780
12, 503
7 852
323
383
357
2 433 2 254
2 214
966
1,215
1,393
668
1 468 1 287
365
2,493
1,045
523
302
2 258
850
401
342
2,241
847
472
332
2,286
883
384
302
2,541
740
386
257
2,367
794
291
288
2,609
1,015
468
311
2.468
957
708
323
2,540
1,123
1,153
373
2,813
1,381
1,488
1,077
26.17
25.41
32 38
25.97
24.73
32 38
1.79
1.54
1.83
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
thous animals
Cattle
do
Receipts at 28 public markets
_ do
Shipments feeder to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
_ $ per 100 Ib
Steers, stockerand feeder (Kansas City)._do
Hogs:
Slaughter (federally inspected) thous animals
70 915
63 729
Receipts at 28 public markets.
do
15, 175 1 16, 263
Prices:
Wholesale, average, all grades (Chicago)
$ per 100 lb._ 22.61
18.95
Hog- corn price ratio (bu. of corn equal in value
to 100 Ib. live hog)
18.5
16.3
Sheep and lambs:
Slaughter (federally inspected) thous animals
11 516
11 553
Receipts at 28 public markets
__do
3 901
3,619
Shipments feeder to 8 corn-belt States
do
1 449
1 988
Price, wholesale, lambs, average (Chicago)
$per!001b-_
23.48
25.00
26.95
24.91
31 00
26.46
23.90
32 00
26.38
23.68
33 00
26.68
23.89
34 00
27.19
25.68
35 50
27.67
26.09
38 50
27. 3S
26.43
35 50
27.02
26.80
34 00
26.83
26.51
33 50
27.56
26.54
32 00
27.92
25.84
32 00
28.24
25.33
28.22
25.33
28.38
26.01
6 684
1,545
6 431
1,531
6 100
1,396
6 496
1,445
5 697
1,288
6 238
•1, 323
6 483
1,431
6 407
1,355
5 125
1,130
5,454
1,221
5,942
1,186
6,348
1,319
7,404
1,612
1,388
18.06
17.22
16.79
17.73
18.86
19.37
18.56
18.37
19.58
20.50
19.35
19.49
18.19
17.56
17.3
17.5
16.1
16.9
17.8
17 5
17.5
16.7
18.0
20.0
19.3
19.3
18.6
16.8
1 007
451
300
899
323
150
869
248
92
1 050
276
96
840
190
78
796
178
75
865
200
61
920
241
114
856
245
83
928
266
74
930
233
122
973
300
181
1,068
376
301
243
22.25
22.50
22.00
23.00
24.75
26.00
26.50
29.50
29.00
26.25
25.25
25.25
25.62
26.12
2 690
2 855
2 482
2 661
2,738
2,738
3,132
517
55
171
571
48
147
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in) , inspected
slaughter
mil Ib
Stocks (excluding lard), cold storage, end of
period
mil Ib
Exports (meat and meat preparations)
do
Imports (meat and meat preparations)
do
Beef and veal:
Production, inspected slaughter
do
Stocks, cold storage, end of period
do
Exports
do
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
$ per lb._
Lamb and mutton:
Production, inspected slaughter
mil Ib
Stocks, cold storage, end of period
do
Pork (including lard), production, inspected
slaughter
mil Ib
Pork (excluding lard) :
Production, inspected slaughter
do
Stocks, cold storage end of period
do
Exports
do
Imports
do
Prices, wholesale:
Hams, smoked, composite
$ per Ib
Fresh loins, 8-12 Ib. average (New York) -_do_ .
Lard:
Production, inspected slaughter
mil Ib
Stocks, dry and cold storage, end of period do
Exports
do
Price, wholesale, refined (Chicago)
$ per Ib
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil Ib
Stocks, cold storage (frozen), end of period, total
mil Ib
Turkeys.. _
do
Price, in Georgia producing area, live broilers
$perlb__
29 291
31 110
2 787
2 646
2 582
2 816
2 494
0 5$1
621
480
1 318
644
484
1 397
591
47
138
638
46
123
644
36
120
651
38
128
635
37
117
fi1R
32
109
662
37
123
674
34
109
615
32
150
548
34
151
508
45
148
16 710
317
32
895
17 254
286
34
i 967
1 490
265
3
101
1 384
279
3
88
1 381
286
3
76
1 554
287
3
87
1 414
264
2
78
1 406
9^4
2
70
1 434
224
2
84
1 587
203
3
69
1,464
207
2
105
1,592
222
2
113
1,608
240
3
113
1,536
249
2
129
1,714
270
2
111
.442
.451
.466
.460
.460
.464
.474
.469
.475
.472
.477
.477
.477
.466
44
12
46
12
41
12
45
12
45
11
47
12
53
12
1 211
1 222
977
1 024
1,084
1,154
1,365
881
197
11
24
943
197
11
30
1,114
222
14
24
581
17
574
15
49
13
45
15
45
15
54
15
44
13
.469
49
13
12 000
13 281
1 248
1 217
1 156
1 208
1 036
1 134
9 662
234
55
298
10 751
'286
56
307
1 009
250
7
23
987
279
5
23
944
286
5
32
993
288
4
27
849
291
3
27
929
306
3
09
985
355
3
28
986
388
3
29
786
326
3
29
830
245
4
27
587
.569
544
.515
547
.502
546
.465
573
.472
517
.515
504
.533
531
.492
517
.472
516
.475
522
.550
544
.569
.545
.515
.539
.484
1 695
100
158
152
1 835
151
189
126
172
105
18
120
168
120
27
113
154
151
8
116
157
164
7
114
136
124
27
114
148
121
13
116
164
132
16
115
172
139
g
110
140
130
12
104
140
121
10
108
146
105
16
105
154
94
16
182
89
14
8 786
9 218
986
884
741
687
566
582
620
706
671
805
880
296
185
332
226
.140
.145
436
267
540
367
721
551
606
429
540
367
525
361
458
310
400
268
351
295
312
194
.145
.122
.110
.105
.110
.125
.135
.135
.135
.135
i Annual total reflects revisions not distributed to the monthly data.
r
858
984
413
305
492
386
603
503
.140
.135
.115
.471
.481
.120
SUKVEY OP^ CUEKENT BUSINESS
December 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1957
edition of BUSINESS STATISTICS
1966
1968
1967
| 1967
Annual
S-29
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FOOD AND KINDRED PRODUCTS; TOBACCO— Continued
POULTRY AND EGGS— Continued
Eggs:
Production on farms
.mil. casesO-.
Stocks, cold storage, end of period:
Shell
thous cases O
Frozen.
mil. Ib
Price, wholesale, extras, large (delivered; Chicago)
$ per doz_.
184.7
194.9
16.3
15.9
16.6
16.6
15.7
17.1
16.6
17.7
15.9
16.1
15.7
15.1
15.8
27
36
86
89
239
98
150
96
86
89
75
85
77
80
82
81
102
86
191
95
287
108
262
110
229
109
150
102
161
93
.401
.298
.283
.298
.315
1.325
.294
.316
.303
.287
.332
.369
.390
.501
.399
Cocoa (cacao) beans:
Imports (incl. shells)
thous. Ig. tons
Price, wholesale, Accra (New York)
$ per lb._
319.3
.246
282.6
.288
12.4
.291
17.8
.316
26.1
.310
35.8
.315
24.5
.300
7.7
.300
25.7
.313
27.9
.296
21.8
.. 289
18.6
.291
15.3
.300
12.9
.381
10.8
.394
.465
Coffee (green) :
Inventories (roasters', importers', dealers'), end
of period
thous bagsd*
Roastings (green weight)
do
3, 141
21,300
2,311
21,291
Imports, total
do
From Brazil _
_
do
Price, wholesale, Santos, No. 4 (N.Y.)_.$ per lb_.
Confectionery, manufacturers' sales
mil. $_.
22, 056
6,726
.414
1,543
21,312
6,069
.384
1,617
2,103
778
.375
167
1,845
637
.375
166
1,424
316
.373
127
2,202
631
.373
140
2,461
956
.375
142
1,755
510
.375
135
2,398
766
.375
120
1,956
559
.380
107
1,641
567
.378
101
2,481
726
.378
92
2,397
773
.378
119
2,322
839
.375
195
1.687
552
.378
.378
Fish:
Stocks, cold storage, end of period,. . _ mil. Ib
271
253
238
248
253
227
201
174
176
181
188
235
258
275
287
Sugar (United States):
Deliveries and supply (raw basis) :§
Production and receipts:
Production
-thous. sh tons
Entries from off-shore, total 9
__
do
Hawaii and Puerto Rico
do
4,045
6,250
1,911
4,103
6,391
1,958
670
542
152
1,090
327
117
978
339
99
551
2,128
24
172
302
129
202
146
142
115
154
152
105
218
199
65
418
170
72
714
184
90
788
184.
158
532
92
570
215
10, 444
10, 299
2,598
10, 516
10,245
2,870
862
840
1,418
829
818
2,217
848
827
2,870
763
748
2,891
752
738
2,719
841
825
2, 603
834
821
2,523
943
931
2,323
952
940
2,092
1, 028
1,008
1,817
sh tons
3,006
1,468
32
106
27
85
285
51
120
89
65
94
165
120
62
thous sh tons
do
do
4,198
1,039
38
4,584
1, 134
97
324
49
7
287
29
1
434
138
51
201
13
4
282
32
5
373
64
2
440
109
3
494
174
26
457
253
8
475
104
2
541
161
4
444
9
2
452
33
1
.070
.073
.074
.074
.073
.074
.074
.074
.074
.075
.076
.076
.076
.076
.077
.620
.096
3.620
. 099
.615
.100
.617
.100
.618
.099
.608
.099
.614
.100
.613
.099
.614
.099
.615
.099
.622
.102
.624
.103
.635
.102
.635
.636
thous. lb_. 132, 996
142, 583
8,196
10, 144
13,857
10, 910
10, 121
13, 500
13, 121
15, 800
13, 734
11, 440
16,354
14, 766
3, 225. 7
139.2
284.7
126.0
294.2
123.4
268.2
139.2
264.2
141.5
267.6
128.9
271.8
124.2
258.4
130.7
273.6
133.8
258.4
130.3
238.9
1.24. 3
297.7 ' 292. 4 315.6
125.4
136.2
132.8
2,922.1
92.8
238.2
54.6
229.5
67.6
232.5
92.8
246.5
73.0
258. 4
100.5
247. 8
80.8
239.1
76.0
271.2
79.7
291.5
83.1
230. 1
69.6
245.0
73.2
r
2, 114. 1
59.9
186.6
61.3
176.8
53.3
189.3
59.9
203.3
58.8
.192.7
62.1
177.5
65.3
170.8
62.3
161.5
58.0
160. 9
62.2
162.3
52.6
168.0
52.8
r
.257
.256
.256
.256
.256
.256
.256
.256
.256
.256
.258
.256
42.9
40.3
72.8
45.7
44.4
69.7
46.0
39.7
73.2
46.3
38.6
81.6
46.5
43.0
81.5
46.0
42.9
84.9
41.0
42.8
76.0
49.5
42.5
72.5
44.4
40.6
69.8
41.8
40.5
59.6
44.9
53.2
47.5
387.1
194.4
,434. 6
395. 7
192.2
441.9
394.0
188.9
424.6
415.0
205.3
489.2
381.9
189.9
439.5
387.5
209.1
438.1
379.4
198.7
428.1
426.1
225.3
440.1
398.1
214.1
407.1
398.5
205.0
420.3
397.5 ' 390. 2 425.4
210.1 ' 211. 7 223.5
400.0 ' 376. 9 387.9
9.0
5.7
165.1
11.6
5.7
168.1
5.9
6.2
146.3
.9
6.0
144.4
.6
6.1
119.2
1.1
6.2
110.5
4.0
6.3
113.1
10.8
6.5
119.7
21.0
5.7
145.8
36.2
6.5
163.0
30.9
5.5
177.8
'26.3
5.8
' 188. 3
19.7
5.2
169.9
34.0
34.9
51.4 ' 44. 1
57.2
61.1
152.8 ' 130. 2
30.7
16.1
27.5
53.7
65.7
130.7
41.0
15.4
MISCELLANEOUS FOOD PRODUCTS
Deliveries, total 9
_
For domestic consumption
Stocks, raw and ref., end of period
Exports, raw and refined
Imports:
Raw sugar, total 9
From the Philippines.. _
Refined sugar, total
do
_ do
do
Prices (New York):
Raw, wholesale
$ per lb__
Reflned1.
Retail (incl. N.E. New Jersey) -...$ per 5 lb__
Wholesale (excl. excise tax)
$per lb__
Tea, imports
Baking or frying fats (incl. shortening):
Production
mil. lb-_ 3, 189 5
Stocks, end of period©
do
118.6
Salad or cooking oils:
Production
do
2, 946. 8
Stocks, end of period©
do
83.4
Margarine:
Production.
do
2, 109. 7
53.2
Stocks, end of period©
do
Price, wholesale (colored; mfr. to wholesaler or
large retailer* delivered)
$ per Ib
.266
2
2,568
5,687
2,311
5,592
3,286
' 4, 954
5, 205
4,921
1,029
1,117
1,102
1,013
' 1, 249 »1, 746
239. 4
'64.9
260. 8
69.7
168. 0
206.8
56. 8
r 50. 1
.076
PATS, OILS, AND RELATED PRODUCTS
Animal and fish fats: A
Tallow, edible:
566.7
577.8
Production (quantities rendered)
mil. lb_.
516.1
525.1
Consumption in end products
do
73.2
50.9
Stocks, end of period f
do
Tallow and grease (except wool), inedible:
4, 466. 9 4, 753. 0
Production (quantities rendered)
do
2, 439. 6 2, 401. 6
Consumption in end products
do
447.4
424.6
Stocks end of period ^|
do
Fish and marine mammal oils:
164. 1
118.4
Production
do
72.1
73.0
Consumption in end products
do
158.5
146.3
Stocks, end of period If
do
Vegetable oils and related products:
Coconut oil:
Production: Crude
mil Ib
Refined
do
Consumption in end products.. . _ _ _
do
Stocks, crude and ref., end of period^
do
Imports
do
Corn oil:
Production' Crude
do
Refined
do
Consumption in end products
do
363. 1
569.6
783.4
223.9
498.2
2 350. 5
565.1
749.1
133.6
2
523. 0
37.3
54.4
68.4
94.5
31.4
35.5
42.7
61.4
100.5
35.2
34.6
35.5
53.1
133. 6
16.2
32.3
52.2
61.1
147.5
115.8
20.9
45.8
56.6
142.8
59.6
18.8
47.6
64.7
114*4
20.3
39.9
48.2
68.9
95.9
16.9
41.1
44.3
67.9
108.8
34.2
37.7
46.0
57.8
129. 0
35.7
30.9
41.9
54.2
145.2
40.5
446.6
397. 6
388.0
t& *
444.0
418.1
421.5
38.9
39.7
40.1
4Q n
35.5
32.7
34.2
41 3
33.8
35.1
35.6
35.1
36.4
35.7
37.6
36.5
36.2
38.5
35.5
30.6
39.0
35.2
35.6
40.7
34.3
37.3
38.8
37.8
36.5
36.6
33.6
37.4
27 7
37 7
' Revised.
* Preliminary.
<* Data withheld to avoid disclosure of operations of
individual
firms.
1
Beginning January 1968, data are not comparable with those for earlier periods; prices
are
2
based on minimum 80 percent A quality (instead of 60-79.9 percent
as formerly).
Annual
3
total reflects revisions not distributed to the monthly data.
Beginning July 1967, prices
3fi F,
34 1
3Q 8
44 Q
RO 1
4Q 9
.M 9.
33.4
38.3
39.5
43 K
r 44, 5
47.2
' 39. 3
'34.4
'31.9
33.5
r41.1
47.5
43.7
40.3
41.2
35.2
41.0
39.7
based on 1967 benchmark; 1967 average is for July-Dec, period. July 1967 price on old basis,
$0.631.
©Cases of 30 dozen.
cfBags of 132.276 Ib.
§ Monthly data reflect cumulative revisions
for prior periods.
9 Includes data not shown separately; see also note " §".
AFor data
on lard, see p. S-28.
©Producers' and warehouse stocks.
IfFactory and warehouse
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
| 1967
1967
Oct.
Annual
December 1968
Nov.
1968
Dec.
Jan.
1 Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS- Continued
Vegetable oils and related products— Continued
Cottonseed cake and meal:
Production
_ -thous. sh. tons..
Stocks (at oil mills) , end of period
do
Cottonseed oil:
Production* Crude
mil. Ib
Refined
do
Consumption in end products
_ _ do
Stocks, crude and refined (factory and warehouse) end of period
mil. Ib
Exports (crude and refined)
do__ _
Price wholesale (drums* N Y )
$ per Ib
Linseed oil:
Production, crude (raw)
mil. Ib _
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) , end of period
mil. lb._
Price wholesale (Minneapolis)
$ per Ib
Soybean cake and meal:
Production
thous. sh. tons_.
Stocks (at oil mills) , end of period - _ _do __
Soybean oil:
Production* Crude
mil. Ib _
Refined
- __do_. _
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) , end of period
- mil. lb__
Exports (crude and refined)
do
Price wholesale (refined" N Y )
$ per Ib
1,564. 7
146.7
141.4
121. 6
229.0
137.1
196.8
146.7
198.0
161.8
161.6
168.1
140.2
170.6
107.8
192.4
73.8
200.5
47.8
188. 9
39.1
158.0
33.5
127.4
••54.5
' 107. 6
226.7
133.0
1, 674. 6 1,108. 3
1,506.4 1, 050. 8
997.0
1, 258. 1
101.0
55.1
79.4
167.1
111.6
87.4
140.8
123.7
85.1
143.8
136.6
85.7
114.1
106.5
82.6
99.1
115.7
81.5
76.1
77.7
81.0
52.6
71.4
91.0
35.5
50.3
87.1
27.4
34.4
62.4
22.9
29.4
63.0
••39.6
30.0
••59.2
165.6
97.2
77.8
381.8
184.0
.178
252.1
172.1
2.154
198.7
5.6
.150
228.6
4.7
252.1
3.4
.148
313.7
4.5
.148
328.2
2.0
.154
324.7
3.6
.158
311.7
8.4
.160
262.9
.8
.185
201.4
5.4
.183
158.3
7.4
.184
118.7
.8
.193
'98.7
3.3
151.6
3.9
454.2
234.7
370.6
213.3
40.1
15.6
35.9
13.9
24.3
12.1
27.6
14.6
28.5
17.9
25.8
15.0
23.4
17.3
24.3
17.9
23.2
18.3
9.9
17.2
22.0
17.3
'31.6
16.8
35.4
17.3
208.4
.128
213.3
.129
196. 6
.132
222.6
.132
213.3
.132
222.7
.132
223.0
.132
219.3
.132
216.2
.132
205.0
.132
200.9
.132
179.2
.132
163.6
.126
•• 162. 2
164.7
12, 614. 4
120.0
13,359.2
199.8
1,164.2
155.1
1,218.4
168.0
1,181.9
199.8
1,191.7
142.7
1,132.6
158.5
1,124.1
196.3
1,028.9 1, 128. 2
150.8
123.8
1,098.9
151.6
5,811.2
5, 152. 0
5, 210. 2
6,149. 9
5, 072. 8
5, 207. 5
529.3
428.2
448.5
535.3
414.8
436.2
525.7
442.6
432.7
526.2
429.1
457.1
510.4
457.7
450.8
510.9
431.9
448.5
472.8
424.2
428.0
520.5
447.1
448.1
507.5
425.2
457.0
507.6
392.6
413.3
477.6
427.1
444.9
«- 408. 6
444.4
•• 457. 0
583.9
447.1
500.3
510.9
684.8
.140
655.1
i 912. 3
.120
571.3
79.1
.111
570.1
114.3
.109
655.1
40.1
.110
688.4
30.3
.108
695.0
68.4
.132
711.5
80.9
.115
747.0
41.4
.106
745.6
48.0
.107
705.0
119.2
.098
743.2
46.2
.092
695.7
29.7
.092
' 539. 9
124.2
543. 8
67.2
44, 296
16, 337
44, 792
22, 179
5,312
28, 806
20,361
36, 934
22,830
43, 727
16, 680
4,856
45, 614
17, 824
43, 696
18,427
63,939
18,335
4 937
73, 366
16, 656
38, 781
18, 990
3,485
40, 982
557
1,599
4,040
46,362
531
1,940
4,144
41,839
536
1,490
3,954
40,015
569
2,298
4,923
47, 305
641
2,244
4,659
43,407
535
2,455
4,788
44,093
532
1,810
5,243
48, 947
616
3,088
5,470
44, 159
558
3,329
1, 579
4,850
9,644
10, 152
8,753
10, 937
13, 737
1 022
1 018
190
816
11, 724
289
902
9, 281
1,043
1,302
1,180
1,235
8 300
4 037
8 200
3,349
8 700
3* 659
7 300
3,034
7 200
3 469
5 900
2. 214
6 300
2,359
5,200
1,475
530
480
.120
.113
500
123
550
113
550
108
.110
359
390
2,381.4
94.2
TOBACCO
Leaf:
3
1,888 31,972
Production (crop estimate)
mil Ib
Stocks, dealers' and manufacturers' end of period
5,486
5,353
mil. lb_.
Exports, incl. scrap and stems
thous. lb_. 551, 162 571,559
179,336 1197,109
Imports incl scrap and stems
do
50, 656
20, 487
66,834
17, 520
5,486
68,822
13, 892
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
Cigars (large) , taxable
Exports cigarettes
3,870
46, 653
710
1,680
4,148
42, 529
609
1,824
3.902
36,593
441
2,049
46, 112
millions
-do __ 522, 532
7,075
- _do__ _
23,453
millions
-- -
48,971
527, 798
6,846
23, 652
1,102.1 1,022.7
136.0
100.5
••893.4 1, 269. 3
••95.4
111.8
* 1, 720
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9
_
thous. $__
Calf and kip skins
thous skins
Cattle hides
thous hides
10, 783
8,476
15, 701
1,131
217
837
208
797
4,400
1,804
4,500
3,174
6,600
2,330
155, 623
2,582
14, 307
127, 893
2,626
11, 987
8,873
88, 995
36, 998
10, 331
61, 200
36, 044
7,109
4,200
3,460
479
488
$ per Ib
do
.601
.177
.460
.120
.430
.105
.460
.108
LEATHER
Production:
Calf and whole kip
thous skins
Cattle hide and side kip
thous hides and kips
Goat and kid
thous skins
Sheep and lamb
.
do
4, 720
23 830
13, 372
29, 302
4,008
23 394
8,456
28, 375
Exports:
Upper and lining leather
65, 704
71, 769
Imports:
Value total 9
Sheep and lamb skins
Goat and kid skins
thous $
thous pieces
do
Prices, wholesale, f.o.b. shipping point:
Calfskins packer heavy 9H/15 Ib
Hides steer, heavy, native, over 53 Jb
thous. sq. ft
Prices, wholesale, f.o.b. tannery:
Sole bends light
index 1957 59—100
Upper, chrome calf, B and C grades
index 1957-59—100
LEATHER MANUFACTURES
Shoes and slippers:
Production, total t -thous pairs
Shoes, sandals, and play shoes, except athletic %
thous pairs
Slippers t do
Athletic t - - - - do
Other footwear t
do
Exports
_ _
._
do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
index, 1957-59—100
Women's oxfords, elk side upper, Goodyear
welt
..index, 1957-59=100
Women's pumps low-medium quality
do
r
221
931
233
374
378
2,101
2,069
707
731
391
.500
.098
500
.093
347
341
1, 978
2 088
641
696
211
983
7,900
3,413
734
.480
.093
340
2,073
539
177
418
341
1 990
520
572
398
2 073
547
238
419
436
2 181
536
212
483
392
111
352
295
130
344
1 616 ••2 094
1,898
496
442
573
2,748
2,399
2,664
2,691
2,762
2,807
2,910
2,554
2,225
2,821
2,560
6,301
6,883
6,520
6 732
7,683
7,417
8,746
6,733
5,619
4,249
5, 777
5,220
2 114 5
97 9
90 5
90 5
91 2
90 5
90 5
90 5
90 5
98 0
98 0
95 o
95 0
105 5
92 8
84.2
85.8
87 9
86 3
88 2
89 0
88 8
88 4
88 8
94 2
94 2
641, 696
599, 964
53, 620
51, 283
47, 681
56,644
55, 670
58, 067
56, 878
57, 175
51, 158
48, 136
57, 460
51, 628
537, 681
93, 823
7,268
2 924
495, 380
95, 620
6,949
2 015
43, 059
9,772
41, 153
9,360
605
165
47 689
8 186
46418
8,443
48, 457
8,760
46 477
9 875
41 515
8,809
602
167
628
181
654
196
46 467
9, 535
40,504 ••46,710
7,072 * 9, 933
••641
428
41, 840
9,005
618
171
40, 586
6,337
132
176
628
155
2,737
2,217
179
207
167
144
178
737
120 9
122 9
124 5
124 5
125 7
125 7
111.0
121 2
113 1
125 8
113.7
129 5
113.7
129 6
113 7
129 9
113 7
133 i
580
178
641
193
T
683
193
619
204
244
232
185
165
156
193
125 7
125 7
128 7
128 7
128 7
128 7
128. 7
113 7
132 3
116 6
132 4
120 0
133 2
120 0
132 9
120.0
133 1
120.0
133 0
120.0
132 9
9 Includes data for items not shown separately.
t Revisions for Jan. 1965-July 1967 will be shown later.
330
306
2 002
466
163
575
2,607
Revised.
total reflects revisions not distributed to the monthly data.
4
Average for 11 months.
s Crop estimate for the year.
December 1 estimate of 1968
crop.
1
Annual
2
614
9,723
6,078
213
SURVEY OF CURRENT BUSINESS
December 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
S-31
1967
1967
Annual
Oct.
1968
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
LUMBER AND PRODUCTS
LUMBER—ALL TYPES
National Forest Products Association:
Production total
mil. bd. ft—
Hardwoods
_
__do
Softwoods
do
Shipments, total
Hardwoods
Soft woods
- -
36,433 2 34, 595
7,563 2 7, 185
28,870 2 27, 410
3,066
613
2,453
2,864
564
2,300
2,549
513
2,036
2, 539
316
2,223
2,829
492
2, 337
3,104
547
2,557
3,253
571
2,682
3, 262
563
2,699
3,042
581
2,461
3,140
591
2,549
3,078
483
2,595
3,154
561
2, 593
3,364
605
2,759
36, 662
8,075
28,587
234,943
2 7, 356
2 27, 592
3,025
605
2,420
2,853
611
2, 242
2,700
603
2,097
2,655
544
2,111
2,959
620
2,339
3,201
664
2,537
3,377
649
2,728
3,346
580
2,766
3, 115
598
2,517
3,238
604
2,634
3,196
523
2, 673
3,165
614
2,551
3,434
637
2,797
5,747
1,080
4,667
5,810
1,391
4,419
5,872
1,441
4,431
5,907
1,426
4,481
5,810
1, 391
4, 419
5,812
1,346
4,466
5,715
1, 265
4,450
5,663
1,195
4,468
5,524
1,127
4,397
5,389
1,052
4,337
5,342
1,048
4,294
5,292
1,045
4,247
5,180
1,005
4,175
5,202
1,005
4,197
5,094
975
4,119
do
do —
1,009
5,120
1,112
4,987
103
415
82
380
95
256
100
407
108
418
107
407
110
476
104
439
81
517
100
610
94
560
81
526
90
685
mil. bd. ft..
do
8,480
486
2
7, 934
580
624
502
660
505
693
580
681
621
782
726
756
756
743
728
709
651
845
734
789
752
660
645
790
742
726
662
__do
do
do
8,601
8,615
1,040
2
2
7, 864
7, 840
1,006
683
649
1,045
662
658
1,049
574
618
1,006
700
640
1,018
705
677
1,045
740
726
1,060
791
771
1,063
789
785
1,067
737
762
1,043
720
771
979
726
767
938
721
693
947
774
806
915
do
_ __ do
do
401
110
290
388
113
275
32
9
23
24
9
15
32
10
22
36
9
27
32
9
23
39
14
25
43
10
33
34
9
25
31
7
24
36
10
26
32
8
24
29
6
23
31
7
24
do
do___do
Stocks (gross) , mill, end of period, total — do
Hardwoods
- —do
Softwoods
_
do
Exports total sawmill products
Imports, total sawmill products
SOFTWOODS
Douglas fir:
Orders, new
Orders, unfilled, end of period
Production
- - Shipments
Stocks (gross), mill, end of period _
Exports total sawmill products
Sawed timber
Boards, planks, scantlings, etc
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
S p e r M b d . ftFlooring, C and better, F. G., 1" x 4", R. L.
$ per M bd. ft__
85.62
85.54
89.63
89.20
90.43
95.75
98.62
105. 88
103. 56
103.84
104.66
108. 46
111.01
165.87
169. 99
168.63
167. 96
165. 24
165.24
164.54
165. 24
164. 71
163. 31
163.31
163. 31
163. 31
mil. bd. ft__
do
6,419
274
6,717
307
599
294
572
277
527
307
577
328
637
356
651
358
682
388
664
356
596
368
632
375
631
367
655
390
647
369
Production
__do
Shipments
do
Stocks (gross), mill and concentration yards, end
of period
mil. bd. ft—
6,654
6,511
6,751
6,684
592
620
610
589
536
497
574
556
579
609
633
649
637
652
657
696
582
584
626
625
614
639
593
632
645
668
Southern pine:
Orders, new
Orders, unfilled, end of period
-
1,230
1,297
1,237
1,258
1,297
1,315
1,285
1,269
1,254
1,215
1,213
1,214
1,189
1,150
1,127
M bd. ft—
99, 202
87,436
8,795
8,817
7,229
8,674
6,965
7,428
6,716
9,658
6,529
7,649
7,538
7,790
5,536
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1957-59=100Flooring, B and better, F. G., 1" x 4", S. L.
1957-59=100-
105.1
103.4
105.2
106.5
107.0
108.9
111.2
114.0
116.0
117.7
118.6
119.5
120.8
106.2
106.0
106.7
107.2
107.4
108.7
109.2
110.7
111. 6
112.7
112.7
113.7
114.5
10, 375
557
904
484
793
504
835
557
756
607
869
659
880
641
1,040
666
921
582
939
624
994
640
946
608
985
616
1,006
615
10,337 22 10, 023
10,403
10, 245
923
899
795
773
731
782
714
706
801
817
920
897
968
1,016
983
1,004
888
897
955
978
988
978
1,015
977
1,003
1,008
1,407
1,402
Exports, total sawmill products
Western pine:
Orders, new
_ _
Orders, unfilled, end of period
Production
Shipments _
__
__mil. bd. ft—
do
__
__do__
do
Stocks (gross) , mill, end of period
do
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12" R L. (6' and over)
$ per M bd ft
10,295
427
2
1,666
1,445
1,474
1,496
1,445
1,453
1,437
1,460
1,412
1,391
1,382
1,359
1, 369
69.39
71.95
74.39
73.73
71.94
70.78
71.86
75.90
87.26
92.16
88.72
87.67
89.03
618. 1
26.0
547.0
20.1
41.1
23.9
40.0
21.9
36.1
20.1
42.0
20.5
50.3
26.4
44.6
27.3
39.2
25.8
41.2
21.4
34.4
18.9
39.2
19.1
45.1
20.7
47.0
25.6
45.3
26.1
685.6
654.4
58.3
551.2
552.2
57.9
49.3
45.8
54.7
45.4
42.1
58.1
37.1
37.3
57.9
41.1
40.6
58.4
40.3
43.1
53.9
41.1
43.7
51.3
41.6
40.5
52.4
43.4
44.3
51.0
38.2
37.2
49.2
33.4
38.2
44.0
38.3
43.0
38.5
34.6
40.5
30.5
41.4
44.8
27.1
HARDWOOD FLOORING
Oak:
Orders, new
_
Orders, unfilled, end of period
Production
Shipments
Stocks (gross), mill, end of period
do_ .
do
_ __ do___ _
do
do
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous. sh. tons
Scrap _ _
_ _ _
do
Pig iron
do
Imports:
Steel mill products
Scrap
Pigiron..
_
do
do
do
1,724
5, 857
12
1,685
7,635
7
129
610
0)
128
451
0)
127
353
(l)
CO
10, 753
464
1,252
11,455
286
2631
999
21
57
1,308
28
71
1,013
28
78
52,312
55, 463
36, 671 2 32, 654
91, 583
85,361
8,188
7,793
4,488
3,238
7,397
7,709
4,587
3,416
7,481
7,739
4,600
3,629
7,692
7,793
141
485
104
355
1
110
527
1
137
420
1
132
502
1
120
501
1
142
479
1
176
624
1
269
764
1
207
539
1,102
34
14
1,058
26
14
1,241
27
64
1,480
30
31
1,770
36
63
1,507
31
71
1,505
30
81
2,138
16
92
1,698
17
124
1,485
24
99
4,762
3,391
7,795
7,546
4,702
3,709
7,777
7,672
5,017
3,799
8,232
7,772
5,009
3,568
8,024
7,889
5,259
3,746
8,342
8,113
4.785
3,411
7,577
8,225
30.07
33.00
30.32
34.00
28.17
31.00
26.30
28.50
24.48
26.00
22.85
24.00
22.59
24.00
22.40
24.00
Iron and Steel Scrap
Production
thous sh tons
Receipts
do
Consumption
do
Stocks, consumers', end of period
do
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ per Ig ton
27.48 28.65
29.95 327.51 26.55
27.50 30.00
Pittsburgh district— I
do._I_
31.00
27.00
26.00
r
Revised.
* Preliminary.
1 Less3 than 500 tons.
2 Annual total reflects revisions
not distributed to the monthly data.
For Feb.-Dec. 1967.
Nov.
SURVEY OF CURRENT BUSINESS
S-32
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
1967
| 1967
Annual
December 1968
Oct.
Dec.
Nov.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Ore
Iron ore (operations in all U.S. districts):
Mine production
'thous. Ig. tons
Shipments from mines
do
Imports
do
1
90, 147 184,179
1 90, 824 i 82, 415
46, 259 i 44, 627
7,367
8,714
4,946
4,766
6,502
4,377
4,831
3,293
3,328
5,289
2,009
2,390
5,182
2,035
1,725
5,476
2,140
2,031
6,697
6,881
2,859
9,492
11,210
5,243
9,582
11, 075
4,650
9,459
11, 737
4,591
9,098
10, 411
4,555
8,514
8,760
5,082
4,742
128, 225
127, 694
7,779
119,435
118, 982
5, 944
12, 631
10, 307
674
10, 651
10, 479
417
6,995
11, 220
342
3,693
11, 251
346
3,674
10, 746
321
3,920
11, 562
385
8,787
11,457
625
15, 437
11, 770
570
15, 189
11, 152
458
15, 325
11,012
500
13, 915
8,519
493
12, 904
7,343
593
12,200
7,798
698
do
do
do
do
69, 525
12, 160
54. 658
2,707
71, 116
13, 008
55, 121
2,987
75,923
13, 815
59,173
2,935
73,824
11, 470
59,345
3,009
71, 116
13, 008
55, 121
2,987
66, 532
16, 288
47, 527
2,717
62, 143
19, 435
40, 455
2, 253
57, 287
22, 771
32, 813
1,703
54, 323
22, 586
30, 130
1,607
56, 113
20, 866
33, 798
1,449
58, 708
19, 374
37, 880
1,454
61, 054
17,095
42, 195
1,764
65, 413
15, 782
47, 591
2,040
71, 113
15, 536
53, 153
2,424
57, 554
2,707
do
1,293
1,086
66
96
97
108
87
116
82
72
68
61
92
103
28
i 86,984
87, 371
7,530
7,631
7,626
7,757
8,182
8,231
8,097
8,285
7,841
8,139
8,476
8,658
8,443
8,568
8,706
8,650
8,244
8,220
8,021
6,333
5,481
5,916
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
do
Consumption at iron and steel plants
do
Exports
do
Stocks total end of period
At mines
At furnace yards
At U S docks
IViansanese (mn content) general imports
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons__ i 91, 500
91, 770
Consumption
do
Stocks (consumers' and suppliers'), end of period
2,962
thous. sh. tons_Prices:
62.74
Composite
$ per Ig ton
63.00
63.50
Foundry No 2 Northern
do
Castings, gray iron:
Orders, unfilled, for sale, end of period
962
thous. sh. tons__
15, 716
Shipments total
do
8,927
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of period
182
thous. sh.tons-1,133
Shipments total
do
688
For sale
do
2,842
2,960
2,836
2,842
2,677
2,523
2,425
2,439
2,514
2,549
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62. 70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
913
14, 329
8,128
909
1,235
742
850
1,262
716
913
1,212
662
912
1,186
650
979
1,283
693
1,010
1, 360
770
1,026
1,352
802
1,031
1,455
835
986
1,291
774
965
1,144
703
'909
' 1, 184
'723
899
1,215
748
120
1,040
615
122
95
49
120
89
51
120
86
47
121
91
53
122
85
42
123
91
48
117
94
50
112
102
55
113
91
48
120
79
44
122
79
46
132
88
49
11, 171
135.4
11, 299
141.5
11, 953
144.9
12, 015
145.6
11, 795
152.8
12,721
154.2
12,450
155.9
12,700
153.9
11, 906
149.1
11, 452
138.8
8,956
108.6
8,088
101.3
303
143
118
300
145
119
293
150
125
336
159
127
318
154
126
307
157
128
300
153
125
283
155
125
262
144
118
280
129
109
'279
'129
'109
289
134
114
Steel, Raw and Semifinished
Steel (raw):
Production
thous sh. tons 1 134,101 U27,213
Index
_ daily average 1957-59=100138.1
131. 0
Steel castings:
Orders, unfilled, for sale, end of period
590
thous. sh. tons_293
2,155
Shipments total
do
1,857
1,792
For sale total
do
1,554
9,006
109.2
Steel Mill Products
Steel products, net shipments:
Total (all grades)
By product:
Semifinished products
_
Structural shapes (heavy), steel piling
Plates
Rails and accessories
do
i 89, 995
i 83, 897
7,181
7,310
7,003
7,758
7,901
8,752
9,035
9,718
9,492
10, 368
5,263
5,215
6,316
do
do
do
do
3,806
6,764
9,103
1,776
4,061
6,133
7,948
1,434
363
511
640
94
371
518
691
88
376
493
680
109
380
495
759
127
380
525
752
139
422
562
843
143
439
586
840
140
439
648
882
152
433
627
858
138
530
671
926
165
254
370
513
63
291
385
457
72
350
438
540
110
14, 523
9,126
3,276
1,999
9,233
3,495
5,828
35, 468
10, 137
15, 972
13,053
7,961
3,249
1,733
8,969
3,133
6,591
32, 574
9,312
14, 709
1,108
650
311
137
710
270
560
2,924
841
1,301
1,136
702
281
144
725
253
333
3,196
885
1,508
1,044
672
236
128
662
225
427
2,986
823
1, 435
1,138
749
218
161
730
267
573
3,290
947
1,573
1,155
757
228
161
851
282
509
3,307
971
1,587
1,296
857
259
170
957
314
582
3,633
1,049
1,681
1,303
842
279
173
1,175
345
654
3,552
986
1,667
1,443
919
333
181
1, 113
358
842
3,842
1,093
1,778
1,348
875
288
177
1,077
343
882
3,786
1,089
1,726
1,521
963
376
173
1,113
361
960
4,121
1,264
1,830
887
477
279
123
666
205
320
1,984
616
787
818
444
251
116
520
210
544
1,919
530
789
965
551
267
137
600
252
770
2,293
685
943
2897
2895
2294
1, 000
2834
2755
2284
2942
2 1, 104
2737
2336
2 1, 128
Bars and tool steel, total
do_
Bars: Hot rolled (incl. light shapes). ..do
Reinforcing- _ __
do _.
Cold
finished
do _
Pipe and tubing
do
Wire and wire products. _. _ __
_ __ do_
Tin mill products
_
_
_ do
Sheets and strip (incl. electrical), total
do
Sheets: Hot rolled
do
Cold rolleddo
By market (quarterly shipments) :
Service centers and distributors
Construction incl maintenance
Contractors' products
Automotive
do
do
do
do
Rail transportation
P Tit '
lr
do
h"
Other
t
1
~ c\
do
Steel mill products, inventories, end of period:
Consumers' (manufacturers only) _ _ mil. sh. tons__
Receipts during period
do
Consumption during period
do
Service centers (warehouses)
do
Producing mills :
In process (ingot^ semifinished etc )
do
Finished (sheets, plates, bars, pipe, etc.)- do
1
1
16, 400 i 14, 863
11, 862 i 11,375
i 4, 582
i 4, 969
1
17, 984 i 16, 488
1
4, 332 i 3, 225
i 4, 994
i 5, 747
6, 597 i 7, 255
1
22, 104 i 21, 115
1
v Preliminary.
4,110
3,111
1,233
5,650
4, 811
3,849
1, 570
6,108
21,919
2 1,412
2581
2 2, 033
702
1,275
1,517
5,470
871
1,557
1,873
5,987
898
1,730
2,594
6,685
2306
2608
21,040
2 2, 470 2
2144
2304
2360
1, 369
2142
2258
2551
21,450
2215
2332
2773
2 1, 691
'13.3
4.3
'5.7
12.0
5.0
6.3
2
10.1
65.1
67.9
9.1
62.5
63.5
9.1
5.7
5.4
9.2
5.7
5.6
9.1
5.4
5.5
9.6
6.1
5.6
10.1
6.0
5.5
10.5
6.2
5.8
11.4
6.7
5.8
12.2
7.2
6.4
13.1
6.9
6.0
15.0
7.0
5.1
14.7
5.0
5.3
5.4
5.6
5.2
5.2
5.6
5.5
5.5
5.4
6.0
5.8
5.7
5.9
'6.2
6.3
9.8
7.7
'9.6
'7.9
.0882
. 0900
9.8
9.2
.0842
' Revised.
3,864
2 722
1,168
4,774
12.5
9.6
11.6
8.8
12.5
9.6
11.8
9.1
.0864
.0854
i Revised total; memthly rev isions are not avail able.
12.3
10.1
2
For mo nth sho-w 'n.
12.0
10.4
11.7
10.5
11.5
10.1
10.6
10.0
.0865
10.1
9.0
9.1
7.0
9.4
8.0
P 9, 576
P119.9
SURVEY OF CUREENT BUSINESS
December 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1967
1966
Annual
S-33
Oct.
Nov.
1968
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons
Recovery from scrap (aluminum content) do
Imports (general):
Metal and alloys crude
Plates sheets, etc
Exports, metal and alloys, crude
2,968.4 3,1 269. 3
i 831. 6 v 800. 0
283.8
65.0
277.2
69.0
282.7
66.0
285.3
73.0
267.1
72.0
288.3
78.0
280.3
78.0
289.0
'81.0
218.5
'68.0
226.0
61.0
' 246. 5.
70.0
269.0
69.0
40.3
7.1
13.1
52.5
.9
20.4
49.7
5.3
91.2
.2600
93.9
.2600
.2600
750. 6
550. 4
' 253. 1
' 120. 5
784.2
566.8
257.9
124.7
521.8
119.1
188.2
450.5
56.3
209.0
35.3
3.1
11.0
37.7
4.2
12.4
45.7
3.4
11.1
54.6
4.7
13.3
44.7
4.1
13.7
89.6
4.4
12.3
69.6
5.4
15.5
58.4
5.3
15.4
74.4
4.7
13.4
61.2
5.9
11.9
74.8
.2450
208.0
.2498
204.9
.2500
216.1
.2500
208.0
.2500
213.0
.2500
187.7
.2500
161.2
.2500
113.4
.2500
97.4
.2500
109.3
.2585
114.2
. 2600
8,797.6
6,457.5
2,936.7
1,639.9
8, 852. 6
6, 348. 1
2, 868. 1
1, 534. 7
760.8
560.6
255.5
121.6
730.6
539.2
245.0
130.1
749. 2
507.4
234.2
127,9
816.0
583.3
280.3
137.0
796.1
593.9
282.4
139.4
937.9
649.4
313.2
137.6
957.0
688.5
348.7
132.7
1,069.6
797.7
414.6
138.8
695.4
489.0
209.5
121.6
696.6
516.4
227.8
101.2
Copper:
Production:
Mine, recoverable copper
thous. sh. tons._ 1, 429. 2 954.1
1,711.0 1, 133. 0
Refinery, primary
do
846.6
1,353.1
From domestic ores
do
286.4
357.9
From foreign ores
do
394.5
472.0
Secondary, recovered as refined
do
23.5
37.8
4.5
33.2
29.6
21.8
16.0
21.5
18.1
22.9
17.7
28.0
16.1
41.0
29.2
121.3
96.0
27.4
23.3
21.2
24.9
37.8
36.4
125.5
139.0
111.8
27.2
44.7
123.9
150.5
121.4
29 1
38.1
122.4
158.4
129.8
28 6
33.5
127.9
168.8
136. 9
31 9
31.4
do
do_ _
__ do_ _
Stocks, primary (at reduction plants), end of
period
thous sh tons
Price, primary ingot, 99.5% minimum— _$ per lb._
Aluminum shipments:
Ingot and mill products (net)
Mill products, total
Plate and sheet (excluding foil)
Castings^
-
mil. Ib
do
.do _.
_ _ _do
Imports (general) :
Refined, unrefined, scrap (copper cont.). .do
Refined__
_ _
do
Exports:
Refined and scrap...
do
Refineddo
Consumption, refined (by mills, etc.).-_ .do _
Stocks, refined, end of period
do
Fabricators'
do
Price bars electrolytic (N Y )
$ per Ib
r
T
r
r
120. 5
153.4
128 6
24 8
32.0
127.8
181.0
151 0
30 0
596.7
162.7
644.1
328.3
61.4
45.0
79.9
58.1
64.4
47.5
99.5
78.3
86.3
74.1
88.4
74.3
111.5
73.5
56.9
33.5
50.5
24.2
27.9
8.4
53.1
13.3
43.0
8.2
29.8
5.5
334. 7
273.1
241.8
159.4
12.1
4.2
13.3
2.9
10.4
2.0
9.4
2.5
12.6
1.1
17.2
2.2
19.4
5.4
29.8
19.8
37.0
30.4
40.4
31.3
42.9
31.8
52.6
39.9
35 0
25 4
2, 382. 0 1,948.2
169.5
240.0
114.1
174.0
.3617 6. 3823
134.9
204.4
139.5
122.6
185. 1
124.1
121.4
169.5
114.1
109.8
169.5
107.6
96.4
159.2
100.9
107.8
172.4
103.8
162.3
183.2
129.9
.4219
172.9
205.6
139.4
.4207
195.4
190.2
132.1
. 4210
130. 0
219.2
166 1
4171
168.8 'P187.8 p 203. 7
214.8 ' P 199 8 P 175 2
159 6 'i»148 9 P 130 9
4170
4172
4171
Copper-base mill and foundry products, shipments
(quarterly total) :
Copper mill (brass mill) products
mil Ib
Copper wire mill products (copper cont ) do
Brass and bronze foundry products
do
3,326
2,494
1,007
2, 595
2,360
966
Lead: A
Production:
Mine, recoverable lead
thous. sh. tons__
Recovered from scrap (lead cont.). _ _do
327. 4
i 572. 8
316.9
*553.8
25.4
48.6
24.2
50.1
24.8
46.6
22.4
47.3
22.3
49.6
22.0
51.2
•25.3
48.9
28.7
47.8
26.5
42.2
28.8
37.5
'31.0
44.6
29.4
46.4
431.3
488.4
%323. 9 1, 260. 5
41.2
109.8
42.5
104.5
33.6
104.6
43.9
108. 8
39.3
105.1
43.8
106.2
38.7
107.1
37.8
112.1
30.3
104 8
35.8
93 3
27.6
110 1
36.7
113 5
Imports (general), ore (lead cont.), metal_._do
Consumption, total
do
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
thous. sh. tons__
Refiners' (primary), refined and antimonial
(lead content)
thous. sh. tons
Consumers' (lead content) d"
do
Scrap (lead-base, purchased), all smelters
(gross weight)
thous. sh. tons
Price, common grade (N. Y.)
$ per Ib
Tin:A
Imports (for consumption) :
Ore (tin content).. _ _
Bars, pigs, etc..
Recovery from scrap, total (tin cont.)
As metal
_
Consumption, pig, total
Primary
Exports, incl. reexports (metal) _
Stocks, pig (industrial), end of period
Price, pig, Straits (N.Y.), prompt
lg. tons
do
do
do
do
do
do
do
$ per lb__
Zinc: A
Mine production, recoverable zinc
thous. sh. tons
Imports (general):
Ores (zinc content). .
do
Metal (slab, blocks)
do
Consumption (recoverable zinc content) :
Ores _
do
Scrap, all types
do
Slab zinc:
Production (primary smelter), from domestic
and foreign ores
thous sh tons
Secondary (redistilled) production
do
Consumption, fabricators'
do
Exports..
_ _
do
Stocks, end of period:
Producers', at smelter (AZI)O
do
Consumers'
do
Price. Prime Western (East St. Louis) _£ ner Ib
142.2
160.2
596
579
244
!
30.3
173.4
168. 8
160. 2
166.1
158.8
156.8
153.9
147.5
148.6
143.4
143.5
145.2
4
4
23. 4
105. 8
19.5
106.0
19.1
102.0
23.6
100.7
17.2
88.1
14.0
86.1
13.2
99.4
15.5
105. 2
18.2
106.9
21.0
102 5
29.4
116.1
29.6
105 1
22.3
100.8
52.8
.1512
4
58.0
.1400
47.9
.1400
48.2
.1400
53.6
.1400
57.5
.1400
58.2
.1400
58.9
.1400
56.8
1400
50.6
.1304
50.9
.1300
55.5
.1270
53.1
1250
50.9
. 1250
. 1279
2 4, 372
41,624
125,349
* 3, 238
85, 486
60, 209
3,255
49, 924
!22,667
!3,176
80,646
57 856
1,013
4,416
1,615
295
6,150
4,545
68
5,343
1,665
285
6,165
4,485
467
4, 775
1,625
290
6,265
4,655
0
5,473
1,720
275
7,010
5 160
784
5, 145
1,616
241
6,775
4 965
49
3 895
1,655
245
7 010
4 925
417
4 928
2,015
225
7 285
5 115
0
3 667
2,315
280
7,685
5 295
702
5 088
2,040
235
7,090
5 085
771
458
3 868
3 561
1,765
1,770
235
255
6 305 r g 270
4 540
4 290
0
6 847
0
4 359
3,069
22,687
1. 6402
2,509
18, 662
1. 5340
30
19, 250
1. 5199
75
17,590
1. 5501
36
18, 662
1. 5259
190
17, 965
1. 4788
303
17, 515
1. 4563
969
18 385
1.4562
197
18 910
1. 4521
888
18, 480
1. 4330
247
16 520
1. 4165
109
16 945
1. 4148
572.6
549.4
43.8
41.8
41.5
42.8
42.1
41.7
43 7
45.3
44.5
43.3
47. 0
45.2
521.3
277.4
534.1
221 A
29.8
11.9
44.8
23.0
32.8
19.0
50.3
29.3
33 7
30.8
47 8
35 8
30 2
31.1
43 5
24.0
45 0
17 2
50 8
20 2
53 9
22.9
51 1
14.9
i 126 7
1
269 6
1 114 3
1240 9
8.6
18.6
10 0
18.6
8.9
18.1
10 4
20.1
88
18 9
8 6
19 1
88
19 8
10 1
19 7
98
20 5
9 2
19 7
9 5
19 4
10 9
19 9
1,025 1 1933 g
i 73 5
iSS.S
1,410.2 1 236 8
1.4
16.8
65.6
7.0
108.6
.1
68.5
6.5
106.5
71.6
6.0
100.7
.1
69.6
6.1
112.2
.6
64
5
104
5
5
8
0
7
68 1
61
108 2
63
85 0
6 0
110 7
11.6
95 5
6 4
120 7
2.5
92 4
55
115 2
10
87 1
58
104 7
1
87 8
6 1
104 7
86 7
7.0
108.8
2.3
94.5
89 2
.1350
89,0
90 9
. 1350
84.3
97 4
. 1350
73.4
93 7
.1350
66.4
94 2
.1350
62.9
89 9
. 1350
64.8
93 3
. 1350
65.4
88 0
. 1350
70.4
84 7
. 1350
78.8
89 1
. 1350
84.4
82.2
78 9
.1350
4
64.8
129 6
. 1450
81.9
102 5
. 1384
(3)
' Revised.
* Preliminary.
i Annual total; 4 monthly revisions are not available.
2 Total for 11 months.
3 Less than 50 tons.
Reported yearend stocks. See BUSINESS
STATISTICS note. 5 Jan.-Aug. average.
^Effective 1966, estimates are derived from a new sample and are not directly comparable
with earlier data; see note in Feb. 1967 SURVEY.
675
595
250
624
567
• 257
22. 6
90. 3
4
4
.2600
84
15 680
1. 4185
r
(3)
r 85 2
.1350
6 660
4 650
211
18 145
1.4804
1. 5107
1. 6214
41.1
24.4
70.3
67.6
.1350
AData reflect sales from the Government stockpile.
cf Consumers' and secondary smelters' lead stocks in refinery shapes and in copper-base
scrap.
0 Producers' stocks elsewhere, end of Nov. 1968,15,000 tons.
SURVEY OF CUEKENT BUSINESS
S-34
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
December 1968
1967
1967
Oct.
Annual
Nov.
1968
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
METALS AND MANUFACTURES—Continued
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and convectors, shipments:
Cast-iron
mil. sq ft. radiation
Nonferrous
do
Oil burners:
Shipments
thous
Stocks end of period
do
Ranges, gas, domestic cooking (incl. free-standing,
set-in, high-oven ranges, and built-in oven
broilers) shipments
thous
Top burner sections (4-burner equiv ) ship do
84.8
6.9
.7
9.8
8.0
.5
6.4
.5
8.0
.6
7.3
.7
7.7
.4
5.5
.3
5.5
.4
6.5
.4
4.9
.5
8.6
625.2
27.3
74.9
29.7
61.9
28.9
46.5
27.3
47.1
32.4
51.5
30.2
42.2
32.1
51.3
33.2
43.0
36.4
55.8
34.2
43.3
35.3
63.9
34.7
2, 135. 6 2, 122. 7
194 3
234.1
195.5
18 9
191.8
17.5
181.9
14 5
164.8
13.8
173.2
14.7
201.1
18.1
175.9
17.2
188.5
18.8
192.5
19 7
153.7
14.8
U 482 3 1. 313. 0
Stoves domestic heating shipments total do
928.9
1,033.8
Gas
do
Warm-air furnaces (forced-air and gravity air-flow),
shipments total
thous 11, 525. 1 1, 404. 0
1,211. 3 1, 082. 7
Gas
do
2 488 9 2, 602. 3
Water heaters gas shipments
do
188 0
136.4
120.1
92.7
67.5
44.7
76.4
44.5
60 3
33.0
79.5
48.9
85.8
53.7
100.5
73.2
98 6
77.0
129.4
102.1
136.7
105.7
168.9
126.7
233.3
126.8
96.9
197.1
113.2
93.5
240.8
108.3
88.7
252.6
108.7
89.5
236 0
125.0
103.1
210.4
122.0
102.0
241.5
114.0
94.2
216.8
127.2
102. 8
209 5
139.9
114.1
193.2
149.5
113.3
213.6
2
19.7
90.4
1
559. 5
3
44.1
1
.6
MACHINERY AND EQUIPMENT
Foundry equipment (new), new orders, net
mo avg shipments 1957—59 ~~ 100
Furnaces (industrial) and ovens, etc., new orders
(domestic), net
mil. $
Electric processing
do
Fuel-fired (exc for hot rolling steel)
do
Material handling equipment (industrial) :
Orders (new) index seas adH
1957 59 — 100
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type
do
Industrial trucks and tractors (internal combustion
engines) shipments
number
Machine tools:
Metal cutting type tools :f
Orders new (net) total
Domestic
Shipments total
Domestic
Order backlog end of period
-
mil $
do
do
do
do
Metal forming type tools :t
Orders, new (net), total
Domestic
Shipments total
Domestic
Order backlog end of period
do
do
do
do
do
279.9
300.5
536.0
210.2
284.9
270.1
275.2
380.5
210.4
196.2
197.3
406.6
247.8
177.4
219.1
179.3
23.9
95.9
140.7
U2.3
• i 71. 6
5.5
1.1
1.8
10.3
1.3
6.3
11.0
.5
7.1
10.2
.8
7.1
12.7
.7
9.6
4.4
.5
1.1
9.3
.9
5.6
10.4
.9
4.6
8.5
.8
4.0
7.7
.9
3.9
9.7
.7
2.8
8.2
.8
4.3
13.1
1.0
9.0
206 1
197 9
189 2
221 1
186 7
189 6
189 1
243.7
242.8
227.1
184 7
272.0
198.8
222.2
10, 390
12, 404
11, 133
12, 174
845
1,067
903
1,058
912
1,086
941
992
819
971
823
1,168
819
1,016
869
980
1,000
1,019
845
1,139
907
807
891
1,007
1,055
1,089
47, 043
41,996
3,292
2,961
3,406
3,418
3,367
3,746
3,559
3,279
3,824
3,770
3,093
3,600
4,123
85.80
74.60
114. 90
104.65
1 0320
94.15
84.90
139. 75
125.40
986.4
90.10 93.30
78.40 86.15
105.90 121.30
89.35 109. 60
970.6 942.6
97.75
81.85
127.60
114.90
912 8
105. 65
94.95
100. 05
91.35
918.4
79.75
74.95
88.95
82.40
909.2
'71.05
' 62. 30
' 115.55
' 109.15
r 864. 7
76. 05
68.15
103. 15
96.35
837.6
23.75
22.50
29.30
27. 55
213 1
22.80
20.40
32.15
27.95
203. 7
28.80
25.70
34.30
28.55
183. 2
29.75
27.30
26.95
23.50
186.0
26.75
23.40
32.90
30.40
179.9
'22.75
20.90
'26.90
' 24. 95
' 175. 7
59.65
57.50
34.65
30.60
200.7
89.6
11.5
146 2
21 1
441.6
432.4
446.2
19.3
91 9
105 6
133 6
204 9
273.5
266 3
454.9
*46.3
477.4
215.6
376.5
343.5
2,450
3,144
1 629 90
1, 483. 10
1, 221. 75
1,097.50
1 306 7
445. 72
401. 35
463.45
436. 85
394 4
1, 134. 95 77.25 77.45 88.35 75.50
64.20
1,024.65 71.75 67.65 80.15
1, 353. 20 106. 20 114. 25 137. 40 102. 85
91.45
1,211.05 95.80 101. 45 121.40
1 088 5 1 174 3 1 137.5 1, 088. 5 1,061.1
286.65
248. 15
452. 75
406.90
228.3
24.10
21.75
41.15
37.30
245.4
23.60
21.70
34.55
31.15
234.5
Other machinery and equip., qtrly. shipments:
Tractors used in construction:
1
Tracklaying total
mil $
476. 0 13778
7
r 133 6
Wheel (contractors' off-highway)
do
92 8
Tractor shovel loaders (integral units only),
r
i
412
9
r
17
407 0
wheel and tracklaying types
mil $
Tractors, wheel (excl. garden and contractors'
off-highway types)
mil $ 1 005 9 1Q86 2
Farm machines and equipment (selected types),
excl. tractors
mil $
1 220 6 1, 203. 5
33.25
27.20
39.45
35.15
228.3
21.85
20.45
31.50
25.20
218.6
78 8
20 2
19.70
17.05
28.15
24.90
195.3
22.50
18.15
29.10
25.50
188.7
ELECTRICAL EQUIPMENT
Batteries (auto replacement) shipments thous
Household electrical appliances:
Ranges, incl. built-ins, shipments (manufacturers') domestic and export
thous
Refrigerators and home freezers, output
1957 59 100
Washers, sales (dom and export) |
do
Driers (gas and electric), sales (domestic and
export) . _
thous
Radio sets, production©
do
Television sets (incl. combination), prod.O .do . _ _ _
Electron tubes and semiconductors (excl. receiving,
power and spec purpose tubes) sales
mil $
Motors and generators:
New orders index qtrly
1947 49 —• 100
New orders (gross) :
Polyphase induction motors 1 200 ho mil 55
D C motors and generators 1 200 ho
do
239
8 1 10 q
ri q
6 07 fi
47 5
142.8
176.0
194.8
275.5
1,549
818
1,682
905
59 4
1,272
651
47 5
1,875 5 2, 415 ' 1, 950
876 5 1, 237 r 1, 156
57 8
52,009
s 1, 105
57 o
57 3
59 5
67 9
47
68 1
4 0
6
44
79
35
918
33
926
68
853
49
1, 016
47
KQ O
en Q
58 3
61 7
fi9 9
205
155.8
228.2
1,463
798
2 164
1,031
1ftAR1
200.2
1,787 « 2, 134
919 5 1, 114
247.4
325 8
21, 698
10,881
719 n
A
2 736
56 1
6 7 fi
34
6
68
35
412! o
6
69
38
6
75
41
6
75
36
6g i
46
6g 7
6
v 1, 976
* 1,063
208
203
207
188
6 Q A
A n
375.7
165.6
515.2
374.3
256.1
2, 642. 3
23 595
12, 402
Kf\O
318.7
189.1
188 6
490 9
5 2,278
5
1,066
2 360 8
Q
191.3
682.1
455.9
187 5
156 1
464 6
330.2
2,226
1,022
321 5
KfA
232.5
182.2
642.6
445.1
196 3
177 6
471 8
324.5
297 2
428 7
170.5
183 6
147 0
505 0
347 2
c fV77 A.
180. 9
114.1
551 1
431.3
187 9
191 6
139 6
477 4
292 9
4 376 0
3,869
164 1
565 1
377 4
173 4
4 446 5
5
3, 646
189 8
176 7
161 2
145 8
r
175 1
497 8
376 4
iyg g
i i Q09 g
163
0
coo 7
2 101
2 119
171 1
9 ft9£ n
3 609
1 809
2 215
3 179
32 061
r
3 852
3 431
32 124
8. 9
4.4
6
9.0
4.8
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. sh. tons.. 12,941 12,256 1,073 1,017
996
Exports..
_
do
766
595
48
63
59
Price, wholesale, chestnut, f.o.b. car at mine
S? P
nor sh ' H>«-ton
12. 824 12. 892 12 985 13 475 13 825
__.,
.
*P
Bitummous:
Production
thous. sh. tons__ 533,881 ' 552,494 '48,835 '47,441 43, 169
' Revised.
i Revised total; monthly revisions are not available.
2 Total for 11 months.
3
Reported year-end stocks. See BUSINESS STATISTICS.
< For month shown.
s Data cover
5 weeks; other periods, 4 weeks.
e Excludes orders for motors 1-20 hp.; domestic sales of
this class in 1967 totaled $110.5 mil.; Oct., 1968, $9.9.
7 Effective 1st quarter 1967,
tractor shovel loaders include types not previously covered and off-highway wheel tractors
exclude types previously covered; also, wheel tractors for 3d quarter 1967 omit one type
(usually included) to avoid disclosure of individual operations.
cl ol1
897
28
894
25
994
17
1,164
39
1,021 ' 1, 000
48
75
960
13. 825 13. 867 13. 867 13. 867 13. 125 13. 125 13.475 13. 475
45, 180 43, 830 47,510 47, 730 48,830 40, 690 42, 300 49, 540 47, 420 37,895 44,635
IfData (back to Jan. 1965) reflect revisions and new seasonal adjustment factors.
fRevised series. Monthly data for 1956-66 are on p. 35 ff. of the Mar. 1968 SURVEY.
j Revised to include combination washer-driers.
©Radio production comprises table, portable battery, auto, and clock models; television
sets cover monochrome and color units.
SURVEY OF CURRENT BUSINESS
December 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual
S-35
196T
Oct.
Nov.
1968
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL— Continued
Bituminous— Continued
Industrial consumption and retail deliveries,
total?
-_ ___thous. sh. tons.. 486, 266 480, 255
264, 202 271,784
Electric power utilities
_
_ do_
Mfg. and mining industries, total
do._ _ 201,490 190,906
92, 111
95,892
Coke plants (oven and beehive)
do
40, 114
22, 528
15,939
7,829
42,066
23,364
16, 674
7,840
44,035
24,631
17,247
8,165
47,344
26, 646
17, 917
8,095
44,525
25, 115
17, 030
7,749
43, 186
24, 346
17, 107
8,211
38, 734
21, 929
15, 989
8,004
39,275
22, 574
16, 173
8,257
38,858
23, 209
15, 125
7,960
40, 519 '41, 517 37, 550
25, 126 26, 530 22, 850
14, 882 ' 14, 245 13, 205
7,941 ' 7, 354 6,727
19,965
17,099
1,592
1,985
2,148
2,780
2,380
1,730
773
471
475
74, 466
52, 895
21,332
9,206
93, 128
69, 737
23,212
10,940
94, 467
70, 935
23, 305
10, 611
95, 001
71, 357
23, 345
10,914
93, 128
69, 737
23, 212
10,940
86, 325
64, 269
21, 921
10, 422
82, 356
60,631
21, 614
9,815
82, 724
60,750
21, 894
10, 492
87 773
64,121
23, 552
11, 882
oo QQ9
92 171
68, 213
93, 487
69, 131
24, 183
11,633
do_ __
239
179
227
199
179
135
111
80
100
125
173
186
209
215
Exports
do
Prices, wholesale:
Screenings, indust. use, f.o.b. mine
Spersh. ton..
Domestic, large sizes, f.o.b. mine
do _
49,302
49, 510
4,722
4,948
3,775
3,241
2 786
3, 061
4 512
4,826
4, 224
4 147
5 868
5 406
3 783
4.952
6.971
5.217
6.795
5.242
6.856
5.287
6.998
5.278
7.017
5.281
7.077
5,281
7 077
5.313
7.077
5.326
6.643
5.336
6.643
5.336
6.671
5 336
6 671
5.336
6 727
1, 442
65,959
17,611
834
63,737
18, 187
74
5,412
1,523
74
5,410
1,483
75
5,643
1,606
74
5,602
1,535
70
5 352
1 497
78
5 686
1 584
81
5 528
1,484
82
5 692
1,572
73
5 468
1,561
65
5 453
1 636
r
51
63
5 088 r 4 684
1 692
45
4 686
3,078
2,863
215
1,459
1,102
5,467
4,961
506
1,364
710
5,439
4,972
467
1,400
51
5,499
5,022
477
1,337
64
5,467
4,961
506
1,364
46
5,375
4,879
495
1,342
78
5 226
4 766
460
1,297
83
5 016
4 579
'437
1,304
65
4 740
4 240
501
1,218
47
4 525
4,152
373
1,219
54
4 336
3,992
344
1, 259
63
4 312
3 953
359
1 260
42
4 736
4 329
409
1 281
54
5 392
4 968
424
5 756
5 362
395
58
68
_ number
16, 780 i 15, 367
2.93
$ per bbl_.
3.02
3,447.2
mil. bbl -3, 582. 6
91
% of capacity. _
93
1,774
3.05
310.9
94
1,193
3.05
299.1
94
2,061
3.05
318.1
96
940
3.05
312.9
95
934
3 05
297 0
96
978
3.05
312.8
95
1,379
3.05
299.5
88
986
3.05
324.1
92
1,205
3.05
310.2
91
1 3^0
3 06
328 1
93
1 162
3 06
328 5
93
312 4
Retail deliveries to other consumers
do
Stocks, industrial and retail dealers', end of period,
total
thous. sh. tons
Electric power utilities
do
Mfg. and mining industries, total
_ do ..
Oven-coke plants
do
Retail dealers
_
COKE
Production:
Beehive
Oven (byproduct)
Petroleum coke§__
Stocks, end of period:
Oven-coke plants, total
At furnace plants
At merchant plants
Petroleum coke
Exports.
_
thous. sh. tons__
do
_ _ _ _ do ..
__
do
do
do
do
do._
11, 994
89
66
22
10
465
681
943
404
417
801
321
91 492
67 529
23, 754
10, 545
96 220
70 633
25, 372
11, 209
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
Price at wells (Okla.-Kansas)
Runs to stills
Refinery operating ratio
All oils, supply, demand, and stocks:
New supply, total
Production:
Crude petroleum
Natural-gas liquids, etc . __
Imports:
Crude petroleum
Refined products
mil. bbl
4,435.6
4, 656. 8
402.2
383.5
408.2
418. 4
396 3
430.2
395 4
408 3
402 2
420 6
411 1
399 5
. d o
do
3,027.8
468.7
3 216.5
514.5
279 1
44.7
269.4
44.0
276.2
45.1
279.7
45.3
270 3
43 7
288 8
47 4
273 7
45 5
285 4
47.3
274 4
44 8
283 9
46 4
285 8
46 1
269 1
44 6
do
do
447.1
492.0
411.6
514.2
31.9
46.5
29.6
40.4
37.5
49.4
30.5
62.9
28.2
54 2
35.5
58 5
32.5
43 7
37.5
38 1
40.2
42 9
45 7
44 6
43 2
36 0
42 5
42 9
Change in stocks, all oils (decrease,—)
do
38.1
63.0
12.0
-24.0
-8.9
-26.9
18.1
16.9
31.6
29.7
31.1
19.6
21.9
Demand, total
._
Exports:
Crude petroleum
Refined products
Domestic demand, total?
Gasoline
Kerosene . _ _ . _ _
do
4, 397. 5
4 593 8
390 1
407 5
417 0
471.6
423 1
413 0
378 1
378 6
379 o
389 7
392 4
375 6
do
do
do
do
do
1.5
26.5
70.9
85.4
4, 325. 1 4, 481. 9
1 793.4 1 842 7
101.1
100 1
1.4
7.6
381.1
160 6
77
.1
8.4
399.0
154 5
10 5
.1
5.9
411.0
150 6
11.4
.2
6.2
465.2
147 8
16 3
3
6*4
416 5
144 5
12 2
8.1
404.8
155 7
9 7
1
72
370 8
162 7
56
1
80
370 6
168 8
61
7
364
166
5
I
2
1
3
3
1
74
368 1
159 8
69
49 2
42 6
30 9
53 6
48 3
29 4
4i
20 0
4 o
17 5
27 1
-53.6
(3)
2
7
0
4
1
(3")
7
394
179
6
Distillate fuel oil—.
Residual fuel oil
Jet fuel
do. .
do
do.
797.4
626. 4
244.4
818.1
651.7
300.8
60.3
55.6
28.3
80.8
57.1
26.3
93.4
63.2
26.7
117.3
84.4
26 1
100 7
69 1
27 2
85 0
63.9
27 9
59 8
51 5
29 2
55 9
44 5
27 8
47 7
48 2
28 8
71
382 6
180 5
47
45 9
45 9
28 8
Lubricants
Asphalt
Liquefied gases
do
do
do
48.9
134.1
323.9
44 3
131.2
344.4
35
15 0
29.1
36
9.3
35.3
3.5
4.4
36.6
38
40
42 5
38
4.0
36 6
39
55
33 1
43
93
25 8
44
13 1
27 5
37
16 2
25 4
4 3
19 9
28 1
do
do
do
do
874.5
238.4
2944.1
249.0
2
96.0
2
599 2
976.9
255 1
100.0
621 8
952. 9
254 2
99.1
599 6
944.1
249.0
96.0
599 2
890.5
244 9
93 6
552 0
863 7
245 3
94 3
524 1
881.8
256 9
96 2
59§ 6
898.6
262 1
100 7
535 g
930.2
262 0
106 8
561 4
959 9
264 9
104 2
590 8
991 0 1, 010. 5 1, 032. 5
262 8
266 4
265 8
102 7
98 4
104 2
671 2
641 5
621 0
do
do
do_
1, 792. 6
38
194.2
1 845 9 159 4
49
3
190. 5
208.0
155 3
4
192. 0
165 8
3
208. 0
159 4
3
220 4
147 6
\
224 2
153 4
2
223.4
147 0
3
209.5
160 7
3
203 1
162 3
1
201 0
170 3
2
193 1
110
115
.115
.120
108
115
115
115
225
225
228
230
232
231
230
234
23
3
76
22
1
78
29
2
7.6
24
2
6.7
28
2
66
25
1
6 4
31
64
27
I
63
10 3
19 2
97
16 7
94
16 4
78
18 6
85
20 9
79
23 o
73
25 7
78
27 2
_
Stocks, end of period, total f
Crude petroleum
Unfinished oils, natural gasoline, etc..
Finished products
Refined petroleum products:
Gasoline (incl. aviation):
Production
Exports
Stocks, end of period
_ _
Prices (excl. aviation) :
Wholesale, ref. (Okla., group 3)
$ per gal.114
.110
.117
.115
.115
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
$ per gal..
.226
.216
.226
.226
229
Aviation gasoline:
Production
mil. bbl
37.1
2.7
41.2
31
29
3
4
3
Exports
do
40
34
Stocks, end of period
do
7.9
7.6
7.9
7.8
7.5
Kerosene:
Production
.
do..
102.1
100.4
8.6
10.1
10.6
Stocks, end of period....
do
25.4
25.0
26.7
25 4
26 2
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gal..
.110
.104
.112
.112
.112
r
Revised.
2
i Annual total reflects revisions not distributed to the monthly data.
See note "H" for
this page.
3 Less than 50 thousand barrels.
1[ Beginning 1967, data reflect change in reporting to show all stocks of unfinished oils,
natural gasoline, plant condensate, and isopentane as one item, and stocks of "finished prod-
27 8
170 3
1
186 1
234
228
.112
.112
.112
.112
.115
.115
.115
.115
ucts" as another (both items include stocks at refineries, natural gas processing plants, terminals, and bulk stations). Also, as a result of increased coverage in certain bulk terminals,
stocks of distillate and residual fuels are on a new basis. Dec. 1966 data on new basis (mil.
bbl.): Total stocks, 881.1; distillate, 158.1; residual, 63.9.
9 Includes data not shown separately.
§ Includes nonmarketable catalyst coke.
SUEVEY OF CURKENT BUSINESS
S-36
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1967
Annual
December 1968
Oct.
Nov.
1968
Dec.
Jan.
Feb.
Mar.
Apr.
June
July
Aug.
68.8
2.0
.4
115.8
69.1
2.5
.3
139.5
71.7
2.9
.2
168.1
70.5
2.2
.4
191.4
May
Sept.
Oct.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Distillate fuel oil:
Production
mil. bbl
Imports.
do
Exports
do
Stocks end of period
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gaL _
Residual fuel oil:
Production
mil. bbl
Imports
do
Exports
do
Stocks end of period
do
Price, wholesale (Okla., No. 6)
$ per bbl
Jet fuel (military grade only) :
Production
Stocks end of period
mil. bbl
do
Lubricants:
Production
do
Exports
do
Stocks end of period
do
Price, wholesale, bright stock (midcontinent,
f o b Tulsa)
$ per gal
Asphalt:
Production
Stocks end of period
mil bbl
do
Liquefied petroleum gases:
Production
do
Transfer from gasoline plants
do
Stocks
(at
plants,
terminals,
underground,
and
at refineries) end of period
mil bbl
Asphalt and tar products, shipments:
Asphalt roofing total
thous squares
Roll roofing and cap sheet
do
Shingles all types
do
Asphalt siding
Insulated siding
Saturated felts
do
do
thous sh tons
_
785.8
13.8
4.4
154.1
804.8
18.5
4.3
i 159.7
69.2
1.7
.6
190.4
65.5
1.4
.5
176.1
73.8
3.5
.4
159.7
74.3
3.7
.7
119.8
74.5
3.5
.3
96.9
77.3
4.8
.6
93.5
65.1
2.8
.5
101.2
.094
.100
.102
.102
.102
.102
.102
.102
.102
.105
.105
.105
.105
264.0
376.8
12.9
61.2
1.62
276.0
395.8
22.0
165.6
1.47
21.7
35.4
1.9
68.0
1.45
24.5
30.9
2.5
64.2
1.45
27.5
37.9
1.2
65.6
1.45
27.7
50.9
1.6
58.5
1.45
24.5
42.3
1.5
55.1
1.45
24.7
46.4
2.2
60.5
1.45
22.8
32.7
2.1
62.8
1.45
22.7
27.8
2.2
66.9
1.45
19.7
30.9
2.2
67.6
1.45
21.2
30.4
1.2
72.4
1.35
21.4
24.7
1.9
74.3
1.35
215. P
19.4
273.2
22.2
25.1
21.8
24.2
22.1
24.0
22.2
24.1
22.9
23.8
23.0
25.3
22.8
26.5
23.1
27.3
25.2
24.5
23.6
26.6
24.8
27.3
24.4
65.4
17.1
12.7
64.9
18.6
14.8
5.5
1.6
14.0
5.3
1.8
13.8
5.6
1.2
14.8
5.1
1.0
15.1
5.0
1.3
15.1
5.4
1.7
15.0
5.5
1.5
14.7
5.7
1.6
14.4
5.3
1.6
14.4
5.5
1.9
13.6
5.7
1.5
13.8
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
129.6
17.3
127.8
19.9
13.4
15.6
10.1
17.2
6.9
19.9
6.4
22.7
6.2
25.0
7.3
26.9
9.8
27.6
13.0
27.8
14,2
26.9
15.3
23.0
15.7
19.1
60.1
215.1
67.6
236.6
5.5
20.9
5.3
26.0
5.7
29.1
5.8
28.5
5.6
28.0
6.3
30.4
5.7
28.8
6.8
29.8
6.0
27.5
6.3
29.1
6.3
28.6
37.7
63.4
74.4
68.6
63.4
53.1
48.2
50.7
59.1
67.7
74.7
80. 4
85.8
69,363
28, 917
40,446
76, 500
30, 509
45, 991
7,985
3,358
4,627
6,270
2,689
3,580
4,126
1,881
2,245
4,689
2,025
2,664
4,217
1,873
2,344
4,309
1,874
2,435
5,901
2,316
3,585
7,061
2,577
4,484
8,212
2,957
5,255
8,020
3,000
5,020
8,086
3,169
4,917
«• 8, 343
' 3, 346
' 4, 997
8,397
3,309
5,089
554
539
880
468
445
876
54
51
83
55
33
76
30
17
57
31
13
70
26
14
64
23
26
60
30
36
71
29
44
78
36
45
81
30
43
77
41
46
81
44
42
82
51
53
89
5,047
5,021
5,008
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks, end of period
Waste paper:
Consumption
Stocks, end of period
Production:
thous cords (128 cu ft )
do
do
2 56 797
2 56 259
2 6 529
54 921
55 257
5,859
4 827
4 900
6,233
4 377
4 615
6 024
4 123
4 333
5,859
4 180
4 835
5 231
4 806
4 713
5 398
5 026
5 037
5,415
3 865
4 200
4,249
4 795
5 060
4 776
4 823
4 932
4,766
4 973
4 755
5,017
thous sh tons
do
2 10 541
2738
9 733
892
581
833
594
753
602
859
542
834
526
883
510
859
518
899
518
870
493
761
535
35 487
1,447
22, 593
2,669
3 098
2 997
2 563
3 139
3 180
2 Oil
205
131
2,053
216
3 207
1,751
142
2,096
226
3 277
1,890
3 044
'l49
1 960
3 270
1,954
602
r
4 933
4 733.
5,274
885
••510
851
509
2 997
3 290
3 053
1,913
2,113
1,953
191
209
197
WOODPULP
Dissolving and special alpha
Sulfate
Sulfite
do
do
do
2 36 640
2 1, 527
2 23, 562
2 2, 748
Groundwood
Defibrated or exploded
Soda semichem screenings etc
Stocks, end of period:
Total, all mills
Pulp mills
Paper and board mills
Nonpaper mills
do
do
do
2 3, 794
21 658
23 351
do
do
do
do
Exports, all grades, total
Dissolving and special alpha
All other^_
do
do
do
Imports, all grades, total
Dissolving and special alpha
All other
do
do
do
142
226
128
227
119
206
135
226
2 076
217
132
2,078
213
164
131
150
133
3,953
1 418
3 407
345
123
308
334
120
296
256
15
217
348
125
294
336
122
272
367
130
309
348
136
296
368
133
319
359
128
297
340
131
291
363
137
318
344
128
298
816
276
456
84
786
342
363
80
836
408
357
71
813
388
359
69
786
342
363
80
785
379
342
64
779
358
352
69
756
334
349
74
783
345
362
76
795
339
382
73
838
369
397
73
797
323
404
71
'•SOI
344
»-383
'74
754
315
366
73
1,572
1,710
150
47
103
160
57
103
156
57
99
139
48
91
155
57
98
155
50
105
153
63
90
172
66
106
127
39
87
179
49
130
176
72
103
163
66
97
128
32
96
311
20
290
292
23
270
283
23
261
258
26
232
304
27
277
3 873 ^ 4 197
1,733 * 1, 834
1 774 «• 1, 966
3 982
1,809
1,796
563
607
1,009
1,102
3,355
3 162
3,065
2,898
246
22
224
290
23
267
252
26
226
269
27
242
277
25
252
280
23
257
315
29
286
305
23
283
47 189
20 631
22 574
45 994
20 341
21 840
4 128
1 772
1 982
3 871
1*683
1 862
3 592
1 644
1 659
3 963
1*781
1 842
oco
01 K
369
13
97n
4 220
1 905
1 923
3 fi7S
4 190
1 884
1 924
' 13
4 144
1 847
1 913
3 831
12
278
4 038
1 831
1 874
46 886
46 074
4 159
3 393
3 561
4 170
3 975
4 332
4 248
4 227
101 7
115.1
97 1
92.6
101 9
117 6
c 97 3
91.9
101 9
117.8
97 3
92.1
101 9
117 8
97 3
92.0
101 9
117 8
97 3
92.1
101 9
117,8
97 3
92.1
101 9
117 8
97 3
91.8
101 9
117.8
91 7
92.0
101 9
117.8
91 7
92.1
101 9
119 4
91 7
92.3
293
265
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
All grades total unadjusted thous sh tons
Paper _
do
Paperboard
do
Wet-machine board
do
New orders (American Paper Institute) :
All grades, paper and board
do
Wholesale price indexes:
Printing paper
1957 59—100
Book paper, A grade
do
Paperboard
do
Building paper and board do
r
Revised.
1
2
153
135
p
c
Preliminary.
Corrected.
See note "f for p. S-35.
Reported annual total; revisions not allocated to the months.
12
11
13
320
12
328
4 159
1 849
1 938
' 13
13
379
360
r
4 252
101 9
119.4
90 6
92.3
T
11
10
355
r 386
12
365
3, 940
r 4, 275
* 4, 070
101 9
120.5
90 6
92.3
120.5
90 6
92.9
Nov.
SURVEY OF CURRENT BUSINESS
December 1968
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
1967
1967
Annual
S-37
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Selected types of paper (API):
Fine paper:
Orders new
thous. sh. tonsOrders unfilled end of period
do
Production
Shipments
_
Printing paper:
Orders, new
Orders unfilled end of period
Production
Shipments
-
Coarse paper:
Orders, new
Orders, unfilled, end of period
Production
Shipments
-
Newsprint:
Canada:
Production
Shipments from mills
Stocks at mills, end of period- _
United States:
Production
_
Shipments from mills
Stocks at mills, end of period
2,637
159
2,645
157
220
151
215
146
206
157
242
164
227
158
264
184
269
213
255
208
'243
'223
'232
'217
'225
'207
?230
P226
do
__do
2,641
2,633
2,659
2,658
228
224
215
217
202
203
237
237
224
222
244
250
250
247
249
248
'242
'240
'221
'224
'233
'225
P226
do
do
6,711
553
6,335
449
536
482
472
415
508
449
546
427
570
513
617
525
579
537
586
504
'577
539
'554
'546
'569
'510
*>546
P510
do_ _ _
do
6, 511
6,511
6,332
6,332
530
530
501
501
508
508
534
534
544
544
567
567
568
568
580
580
572
'572
'526
'526
'510
'570
?538
*>538
do
do
4,723
200
4,678
214
397
224
406
225
411
214
423
228
399
218
440
231
396
218
441
231
418
'262
'380
'236
'429
'253
*>388
*265
do
do
4,696
4,704
4,753
4,685
418
405
408
404
400
403
422
405
418
412
432
423
404
396
432
427
'410
'396
'379
'380
'413
'418
?372
»374
do
do
__ _ _ d o _ ..
8,419
8,385
184
8,051
7,968
268
681
704
323
675
687
311
602
646
268
641
583
325
629
573
381
674
659
396
674
682
388
711
756
343
689
705
327
693
617
402
639
634
408
576
622
362
719
760
320
do
__do
do _..
2,408
2,405
21
2,620
2,602
39
228
226
47
222
228
41
204
206
39
238
223
55
220
215
59
250
242
68
234
253
49
265
267
47
256
254
49
240
244
46
253
247
51
240
240
52
257
259
50
6,898
6,907
634
622
587
518
523
604
586
622
579
509
559
599
645
681
630
698
673
630
617
613
584
605
626
623
681
704
659
660
451
568
Consumption by publisher Scf.
do_
Stocks at and in transit to publishers, end of
period
_ _ _ _ _ _ thous. sh. tons
*>226
Imports
do
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered- _ _ _ $ p e r s h . ton
6,991
6,599
575
541
531
537
460
531
594
581
544
542
505
136. 23
139. 95
141. 40
141. 40
141. 40
141. 40
141. 40
141. 40
141. 40
141. 40
141. 40
141. 40
141. 40
Paperboard (American Paper Institute):
Orders, new (weekly avg.)
thous. sh. tons__
Orders, unfilled §
_
do
Production, total (weekly avg.)
do
Percent of activity (based on 6.5-day week)
449
724
446
92
444
618
439
87
476
759
463
91
466
767
458
89
405
648
421
78
429
661
408
89
481
714
482
92
494
733
480
90
497
767
480
90
488
778
489
91
510
826
489
433
847
421
513
877
497
470
895
536
921
512
966
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
_mil. sq. ft. surf. area-- 160,452
162,362
15, 114
14, 175
13,081
13, 432
12,922
13, 763
14, 289
14, 922
14, 416
13, 477
15,316
15, 375
17, 191
15, 121
134 1
143.8
139.7
132.5
126 1
128.6
138 7
135.6
139 6
131 6
129 4
Folding paper boxes, shipments, index of physical
volume
1947-49-100
134 1
469
512
502
145 2 ' 142 2 pl55 8
RUBBER AND RUBBER PRODUCTS
1
RUBBER
Natural rubber:
Consumption
thous. Ig. tons
Stocks, end of period
__
do
Imports, incl. latex and guayule
do
545. 68
91.59
431. 66
488.85
111. 66
452. 80
50. 75
110 25
35.46
46. 03
109 43
50.23
111 P6
48 22
49.17
108 23
46 88
47.61
102 10
42 06
39.49
94 42
42.17
42.72
49.61
92 64
46 22
92 07
36 73
.236
.199
' .188
.179
.175
.173
.164
.176
.179
.186
.213
1 969.97 1,911.87 178 74
1 666 06 1 628 26 170 15
348. 69 369. 94 335 43
181 88
155 13
347 00
185 10
143 83
369 94
36027
178 79
162 92
170 82
154 26
360 38
180 29
161 98
358. 80
177. 88
156 04
357. 83
184 77
162 82
354 33
173 42
153 23
364 32
Price, wholesale, smoked sheets (N.Y.)— $ per lb..
Synthetic rubber:
Production
. _
Consumption _
Stocks, end of period
thous. Ig. tons
do
do
Exports (Bu. of Census)
Reclaimed rubber:
Production.
Consumption __ _
Stocks, end of period
43.06
49.48
95 09
47.94
46.27
41 00
99 57 '103 02
51.26
46 06
107 10
63.30
36. 24
.210
.201
.215
171 58 178 63
135 49 153 92
375 64 '374 65
172 99
157 93
361 36
.208
49.05
do
308 44
299. 80
24.08
24 94
23 02
24 35
23 99
26 15
24.86
27 39
21 23
23 67
do
do
do
277. 36
264 51
32 29
243 65
239 27
28 40
25 45
25 24
24 90
23 18
21 25
27 21
23 90
22 59
28 40
23 76
23 07
28 04
23 94
22 85
29 78
22 71
23 51
28 58
22 12
22 09
29 07
22 78
21 88
28 95
21 20
20 70
29 00
17 65
15 94
29 46
177 169 163, 192
18 278
16 244
15 664
17 594
17 118
18 175
17 212
17 930
16 683
14 429
15 694
464 172 947 '16 691 13 611
680 47 617 r 4 109
4 308
348 123 205 ' 12r> 351 9 132
2 125
436
231
171
12 972
5 008
7 760
14 818
4' 866
9 757
16 740
5 465
11 099
18 876
5 176
13 500
19 059
5 603
13 025
204
196
13 538
4 585
8 755
198
176
200
431
18 427
5 265
12 782
15 78?
2 986
12 561
381
235
15 235 r ig 226 19 623
5 '305
5*679
2 542
12 399 ' 12 514 13 681
'407
264
294
34 782
38 020
41 916
43 742
41 817
145
40 689
39 485
39 969
38 719
76
93
42 369
416
185
254
397
37 930
'245
4 005
3 664
11 159
3 991
3 778
11 453
3 492
3 574
11 917
3 093
3 440
11 518
3 491
3 595
12 437
3 428
3 658
12 442
4 094
4 230
11 146
'l32
30 71
37 76
.228
13 86
20 28
19 68
20 22
19 14
' 30 26 29 88
TIRES AND TUBES
Pneumatic casings, automotive:
Production
Shipments, total
Original equipment
Replacement equipment
Export..
Stocks, end of period
Exports (Bu. of Census) _ _ _
Inner tubes, automotive:
Production. ___
Shipments..
Stocks , en d of period
Exports (Bu. of Census)
r
thous
_
do
do
do
do
do
do
do
do
do
. _ do
173
54
116
2
42 569
2 051
34 782 28 920
1 450
106
31 674
42 765
44 222
11 996
1 100
39 775
41 691
11 005
849
3 816
3 191
10 508
3 314
3 026
11 005
4 078
4 579
10 790
63
69
63
4 067
3 741
10 033
72
166
121
Revised.
v Preliminary.
c?As reported by publishers accounting for about 75 percent of total newsprint consumption.
66
62
126
280
3 598
3 532
11 605
3 770
3 675
11 744
197
120
83
92
115
16 506
266
18 695
§ Monthly data are averages for the 4-week period ending on Saturday nearest the end of the
month; annual data are as of Dec. 31.
SUKVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1967
Oct.
Annual
December 1968
Nov.
1968
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
36, 876
41, 763
44, 106
39, 855
45, 358
687.1
727.2 r708. 1
16.8
16.9 'IS. 2
154.2 ' 165. 7 r!68.5
670.1
18.8
171.2
Nov.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement
thous. bbl
380, 694
374,017
40,000
30,604
21,305
17, 166
20, 204
26, 176
34, 426
37,389
7, 117. 4
234. 5
1, 572. 2
702.7
19.0
163.4
615.1
17.1
126.7
471.1
14.3
92.2
360.1
13.5
82.9
500.6
13.4
103.1
600.0
16.0
132.4
710.5
14.6
160.0
734.9
15.8
159.7
240.1
21.8
20.7
18.3
14.4
14.6
18.0
22.4
18.8
17.4
19.0
17.8
18.8
257.5
21.6
21.3
18.4
21.3
20.4
22.6
23.9
25.2
24.3
22.4
24.5
23.9
113.3
113.7
113.9
114.9
115.3
115.4
115.8
115.8
116.1
116.5
116.8
117.6
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
7, 551. 7
mil. standard brick
267.4
Structural tile, except facing
thous. sh. tons
1,610.3
Sewer pipe and fittings, vitrified ._ _ _ do
Facing tile (hollow) , glazed and unglazed
308.1
mil. brick equivalent Floor and wall tile and accessories, glazed and un272.7
glazed
mil. SQ. ft
Price index, brick (common), f.o.b. plant or
N.Y. dock
1957-59=100-.
111.5
GLASS AND GLASS PRODUCTS
Flat glass, mfrs ' shipments
thous. $
Sheet (window) glass, shipments
Plate and other flat glass, shipments
Glass containers:
Production
do
do
thous gross
Shipments, domestic, total
do _
General-use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars)
thous gross
343, 138
331, 976
93, 640
89,988
r
136, 785
206, 353
131, 476
200, 500
37,604
56, 036
34, 335
55, 653
r
211, 764
225, 579
20, 213
19, 499
19,073
20, 584
(5)
(5)
20,068 "•20,992 '21,757
21, 909
23 054
21, 268
204, 093
228, 766
19,746
21,123
25,647
25, 451
(5)
(5)
17, 146
20, 017
21, 322
23, 576
20, 188
21, 605
23,631
2,251
1,700
2,204
2,260
(5)
(5)
1,591
1,930
1,886
2,365
3,473
2,909
52 168
57, 852
5,521
5,633
6,887
6,579
(5)
(5)
3,693
4,066
4, 524
4 864
5,826
4,757
18, 666
90, 523
98 252
29,684
60, 839
35 844
62 408
Beverage
Beer bottles__
Liquor and wine
do
do
do
27, 098
38, 895
17 608
38, 185
44,501
19, 459
2,963
3,209
1,915
3,728
3,559
2,137
5,108
4,153
2,198
3,694
5,040
2,276
(5)
(5)
(5)
(S)
(5)
(5)
3,755
3,798
1,304
3,980
4,331
1,323
4,519
4,577
1,465
4,684
4,983
1,349
4,387
4,781
1,591
3,606
4.080
1,650
Medicinal and toilet
Chemical, household and industrial
Dairy products
do
do
do
39, 766
5 812
1 141
38, 516
5,664
958
3,362
445
80
3,768
510
88
4,386
600
111
4,898
608
96
(5)
(5)
(5)
(5)
(5)
(5)
2,657
284
64
2,638
356
42
2,649
339
58
2,696
324
57
3,065
387
66
2,770
353
63
do
30 084
22,546
31, 515
29, 394
22, 546
17,568
(5)
(5)
16,304
18, 407
19, 936
20, 324
19, 594
20,451
5 479
9 647
4,722
9 393
1,372
2,348
1, 069
2,233
1,402
2,582
do
8 434
7 879
1,812
1,923
2 155
do
do
4 693
322
4 511
293
1,185
69
866
73
1 487
78
680
899
561
813
118
189
130
184
137
196
1 079
7 084
228
949
7 089
243
190
1,560
59
226
1 771
52
249
2 048
73
Stocks, end of period
GYPSUM AND PRODUCTS (QTRLY)
Crude gypsum, total:
Imports
. __
Production
_
thous. sh. tonsdo
Calcined, production, total
Gypsum products sold or used, total:
Un calcined uses
Industrial uses
Building uses:
Plasters:
Base-coat
All other (incl. Keene's cement) .
Lath
Wallboard
All other.
.
do
do _
mil. sq. ft
do
do
,
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills:
Production, total 9
mil linear yd
Cotton
do
Manmade
fiber
do
Stocks, total, end of period 9 cf
Cotton .
Manmade
fiber
Orders, unfilled, total, end of period 9 1[
Cotton
Manmade
fiber
12 689
8 866
3,571
11 983
8 263
3,493
971
656
299
969
649
306
11 126
i 753
1353
11 154
1749
1383
983
651
314
do
do
do
1 306
766
521
1 317
837
465
1 338
849
475
1 330
850
466
1 317
837
465
1 287
821
451
1 270
811
443
1 240
784
440
do
do
do
3 222
2,408
746
3, 190
2,060
1 045
2,957
1,941
944
3,202
2,099
1 021
3,190
2,060
1 045
3 047
1,915
1 036
2 860
1 734
1 032
2 814
1,666
1 054
939
604
315
932
592
320
1888
1558
1311
907
573
317
1 223
769
437
1 225
775
435
1 250
778
457
1 228
748
466
1 235
756
466
2 836
1 670
1 069
2 948
2 892
1*608
1*651
1 142 1 241
2 974
1,640
1 236
2 901
1 596
1 216
953 1 11 136
621
738
313
1373
COTTON
Cotton (exclusive of linters) :
Production:
4
7
5,955
9, 165
GinningsA
. thous. running bales
9,562
374
1,416
7,435 3,289
6,320 26,932 3 7 264
7, 435
Crop estimate, equivalent 500-lb. bales
4
6
10,
822
thous. bales
9,575
7,455
7, 455
r
1
i 839
Consumption
do
643
831
ig25
i 880
1670
744
9 215
720
682
9 647
729
721
665
692
Stocks in the United States, total, end of period
thous bales
20 265
9 660
7 633 6 448 16 575 r!5 720 14, 636
14 563 16 704 15 705 14 563 13 220 12 051 10 898
8 588
Domestic cotton, total
do
20 186
14 472 16 620 15 614 14 472 13 135 11 971 10 826
6 402 16 517 f 15, 665 14, 575
9 594
8 529 7 580
6,268
On farms and in transit
do
1 121
300 11 085 10 339
1 509 1 311 l'l37
616
1 509 5 423 2 554
955
660
*628
6,882
Public storage and compresses
do
4
277
9 790 11 613 11 369 10 073
17 639
3 777 ••3 819
5
037
11 369
6
810
7
916
5 813
8 970
Consuming establishments
do
1406
2 087
1 594 1 751 1 864 1 956 2 125
1 927 1 825 1 655 r\ 507 1,425
1 447
1 426
1 594
Foreign cotton, total
.
do.
61
' 79
91
' 84
91
91
86
81
72
' fifi ' 59
54
' 46
' 58
'55
'Revised.
i Data cover 5 weeks; other months, 4 weeks.
2 Ginnings to Dec. 13.
toweling, and blanketing, and billed and held stocks of denims.
HUnfilled orders cover wool apparel (including polyester-wool) finished fabrics; production
3 Ginnings to Jan. 16.
* Crop for the year 1967.
* Data not available owing to lack of
complete reports from the industry.
« Dec. 1 estimate of 1968 crop.
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting, toweling,
9 Includes data not shown separately.
and blanketing.
cf Stocks (owned by weaving mills and billed and held for others) exclude bedsheeting,
ATotal ginnings to end of month indicated, except as noted.
SURVEY OF CURRENT BUSINESS
December 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
| 1967
Annual
S-39
Oct.
Nov.
1968
Dec.
Jan.
Feb.
Apr.
Mar.
June
May
July
Sept.
Aug.
Oct.
Nov.
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of linters)— Continued
Exports
thous. balesImports
do
Price (farm), American upland
cents per lb__
Price, middling 1", avg. 12 markets f
do
Cotton linters:
Consumption
thous. bales
Production
do
Stocks end of period
do.
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :
Active spindles, last working day, total
Consuming 100 percent cotton
Spindle hours operated, all fibers, total
Consuming 100 percent cotton
mildo
bil.
do
Cotton yarn, price, 36/2, combed, knitting, natural
stock
$perlb_.
Cotton cloth:
Cotton broad woven goods over 12" in width:
Production (qtrly.)
mil. lin. yd- .
Orders, unfilled, end of period, as compared with
avg. weekly production
No. weeks' prod—
Inventories, end of period, as compared with
avg. weekly production -.No. weeks' prodRatio of stocks to unfilled orders (at cotton
mills), end of period, seasonally adjusted
Mill margins:*
Carded yarn cloth average
cents per lb._
3,597
'100
i 20. 6
122.1
3,973
169
325.4
324.8
275
25
27.3
23.4
298
17
30.5
25.0
1,366
1,419
725
1,080
977
617
84
92
538
81
146
595
19.5
15 1
109 i
20.0
14 4
19ft 9
20.1
14 7
in 9.
20.1
14 5
10.2
98
122
617
20.0
14 4
96
122
628
84
98
614
85
83
595
20.1
14 2
12.7
20.1
14 0
8.9
20.1
14 1
10.4
.519
7.2
1.081
1.085
1.070
2
2
383
3
21.1
24.9
92
27
435
20.1
13 8
12. 5
. 501
2
8. 5
20.1
13 7
10.3
.516
7.0
20.1
13 6
10.3
1.065
1.040
1.040
2
9.7
.42
.42
.40
.42
.44
36.77
91. 98
63.25
37.30
92.91
63.85
37.73
94.40
62.84
38.00
90. 13
63.69
37.85
90.58
64.04
38.10
91.72
62.24
17.0
-ID Q
17.0
17.0
15.4
13.3
14.5
15.4
13.9
12.2
12.1
12.7
12.3
4.5
5.2
5.0
5.0
5.2
5.1
5.0
4.9
5.2
5.2
.25
.35
.38
.34
.35
.37
.42
.42
.41
441.95
37.75
35.75
33.43
32.36
80.98
69.32
33.72
83.82
71.92
35.36
86.41
73.54
36.13
90.48
65.97
16.3
18 3
16.5
18 5
17.0
IQ n
17.0
IQ n
17.0
ion
17.0
19 0
2,035
334.3
344.9
82.4
373.2
365.8
89.0
9,368
5,071
2,535
14, 314
7,865
6 363
3,942
14 029
8,782
5,910
3,065
14 972
8,155
6 077
4,978
22 598
8,661 7,205
7,944
8 445
4,456 3,953
19 519 20 668
51.7
43.8
40 7
51.3
138.7
142.4
40 4
134 9
160.4
37 3
1ft Q
18 4
r
7,910
9 100
4,579
20 250
8,156
12 338
5,921
16 848
8,011
9 134
5,650
14 474
r
r
2 115
160
317
2
20.2
13.3
12. 8
.510
2
84
17.5
1, 303. 5
204.7
180 4
1, 907. 7
1,979 8
563 2
r
649 6
r Ago 0
623.6
1 051 2
600 2
1 163 6
159 5
338 6
r 4Q8 g
176 6
174 5
r 431 2
479.4
411 6
110 5
112 7
115 9
266.6
103.6
277.2
114 6
228.7
83.9
187.3
78 2
16.7
7.3
13.9
6 6
17.5
6.8
16.9
87
220.2
29.1
19.0
93
222.7
29.0
24.0
12 3
19.7
7.5
23.5
90
19.4
7.2
21.7
77
1.349
1.171
1.259
1.215
.910
1.153
1.225
.825
1.125
1.177
.825
1. 125
1.165
.835
1. 162
1.165
.825
1.175
1.165
825
1 175
1.178
825
1 175
87 8
88 8
89 9
2
61
84
1 43
423 7
392.6
102 1
8 516
9 3gi
5,584
15 165
8,509 8,396
8 583 9 185
5,485 6,124
17 480 18 376
168 3
184.1
44 7
1 317 7
465 8
209 0
87 9
61
84
1 42
61
85
1 43
61
87
1 43
19.8
219.9
"•19.0
17.7
19.0
10 3
25.3
14 0
19.2
9 7
20.6
12 5
1.208
1. 190
.820
825
1 175 1.175
1.220
820
1.175
1.220
820
1.175
1.220
.850
1.175
1.210
.840
1.175
90 7
90 7
91 0
91 7
90 2
5,573
6,20C
4,026
16, 59£
61
88
1 43
19.3
7.2
21.2
82
24.9
2
8. 8
22.8
10 0
39.0
93.3
60.3
18 A.
154 6
158 8
41 7
1.2847
465. 4
210 4
86 5
61
82
1 42
62 0
1C A
49 1
52.4
175 8
440 5
207 3
78 8
61
82
1 41
. 495
6.5
33 9
47 2
4,236 1
1, 625. 6
761 1
317.5
61
81
1 41
17.3
410. 4
359 8
99 4
4, 234. 1
1, 612. 5
735.0
335.4
60
81
1 41
7
1,229.6
183.3
176 7
.66
.81
1 52
62
81
1 46
r
9. 9
24.2
1,924
.80
.80
1 58
.62
.81
1 53
r
5.3
••8,278
18.4
2
6.8
o
20.2
r iq q
5.4
8,840
1, 213. 9
1, 119. 8
308.8
K
12.4
1.026
1,209.6
198.3
183 3
10
6.8
.960
1,149.2
205.9
181 7
20.2
16.8
.927
3,980.6
734.7
603.4
20.2
13 6
10.5
5.3
.942
18 4
2
152
26.5
24 3
91
42
12.1
.949
5
r 255
1.039
28.3
18.7
77
20
300
1.040
7.3
'2,031
95
20
364
2
6. 8
e-to
7.2
262
44
26.2
25.0
10.1
.504
6.6
7.4
2
20.8
24.8
90
41
492
213
20
26.0
25.0
357
2
20.0
24.9
277
108
62
549
AQR
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, American
system, wholesale price
1957-59—100
108 2
89.4
92 6
88 2
87 8
Wool broadwoven goods, exc. felts:
T
Production (qtrly.)
.mil. lin. yd— 264.9 r 238. 6
57 8
Price (wholesale), suiting, flannel, men's and
boys', f.o.b. mill
1957-59=100
102.7
107.1 101.8
100.5
100. 5
r
Revised.
1 Season average.
2 For 5 weeks, other months, 4 weeks.
s Season average to Apr. 1, 1968.
4 Average for Aug.-Dec.
s For ten months.
« Revised total; revisions not distributed by months.
? Beginning July 1968, average omits one cloth; July
1968 margin comparable with earlier data, 95.52 cents per pound.
1FFor the period Sept. 1967-Feb. 1968,14 markets; beginning Mar. 1968,12 markets.
2
406
3
19.6
25.1
94.4
Exports: Yarns and monofilaments
thous. lb-_ 98, 722 688,831
55, 522
Staple, tow, and tops
do
78,293
Imports: Yarns and monofilaments
___do-_ _ 16, 571 28,194
Staple, tow, and tops
do
177, 570 6 149, 672
Stocks, producers', end of period:
Filament yarn (rayon and acetate)
mil. Ib
67.3
51.7
Staple, incl. tow (rayon)
do
70.1
43.8
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
do
150.2
138.7
Staple, incl. tow
_
_
do
129.8
142.4
Textile glass
fiber.
do
42.5
40.4
WOOL
Wool consumption, mill (clean basis) :
Apparel class
...mil. Ib,.
Carpet class
do
Wool imports, clean yield._
do....
Duty-free (carpet class)
do
Wool prices, raw, clean basis, Boston:
Good French combing and staple*
Graded territory,
fine...
___$perlb_.
Graded fleece, % blood
do
Australian, 64s, 70s, good topmaking
do..
2
436
3
19.4
25.2
447
3
19.9
25.4
CAQ
MANMADE FIBERS AND MANUFACTURES
Fiber p£»duction, qtrly. total
mil. lb__ 3,860.1
799.8
Filament yarn (rayon and acetate).
__do
659.2
Staple, incl. tow (rayon)
do
Nonc$lulosic, except textile glass:
1, 164. 7
Yarn and monofilaments
do
904.0
Staple, incl. tow
do
Textile glass
fiber.
do
332.4
Prices, manmade fibers, f.o.b. producing plant:
Staple: Polyester, 1.5 denier
$ per Ib
Yarn: Rayon (viscose), 150 denier
do
9
Acrylic (spun) knitting /203-6D* do
Manmade fiber and silk broad woven fabrics:
Production (qtrly ). total 9mil lin yd
Filament yarn (100%) fabrics 9
do
Chiefly rayon and/or acetate fabrics
do
Chiefly nylon fabrics
do..
Spun yarn (100%) fabrics (except blanketing) 9
mil. lin. yd
Rayon and/or acetate fabrics and blends
do
Polyester blends with cotton
do
Filament and spun yarn fabrics (combinations
and mixtures)..
mil lin yd
474
10
22.4
26.2
102.4
4 A3 9O
Print cloth, 39 inch, 68 x 72_. .cents per yard—
Sheetinj? class B 40-inch 48 x 44—48
do
331
10
27.6
27.0
1.215
.864
1.191
68.4
100.5
100. 5
100.5 100. 5
100.5
100.8
101.1 101.1
*New series. Beginning Aug. 1966, mill margins refer to weighted averages of over 70 types of
unfinished carded yarn cloths and to simple averages of 7 or 8 combed yarn cloths and of 3
polyester-cotton blends; no comparable data prior to Aug. 1966 are available. Spun yarn price
(BLS) available beginning Jan. 1965.
9 Includes data not shown separately.
SUEVEY OF CT7KEENT BUSINESS
S-40
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1967
Annual
December 1968
Oct.
Nov.
1968
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
21, 632
Nov.
TEXTILE PRODUCTS—Continued
APPAREL
223,482
20,203
19,873
15,371
16, 671
18, 197
19, 151
17, 107
18, 022
19, 828
18, 331
19,858
19, 536
18, 914
3 812
1,774
1,840
1,603
1,894
1,716
1,848
1,854
1,810
297
365
426
1,783
1,272
363
318
1,856
4,055
1,850
13, 344
143, 852
12, 659
133, 758
793
1, 208
12, 079 '14,418
1,089
13, 593
24, 932
_thous. doz. pairs
210, 425
.. thous. units
do
20, 412
Coats (separate), dress and sport
do
Trousers (separate) , dress and sport _ do
Shirts (woven fabrics), dress and sport
thous. doz
Work clothing:
Dungarees and waistband overalls
do
Shirts.
do
Hosierv, shipments
Men's apparel, cuttings:
Tailored garments:
Suits..
--__
Overcoats and topcoats
Women's, misses', juniors' outerwear, cuttings:
Coats
thous. units
Dresses
do
Suits..
_
.do
Blouses, waists, and shirts
Skirts
_
thous. doz
.do
r
335
269
311
290
1,116
11, 624
1,159
11, 594
995
9,919
1,244
11, 738
1,151
12, 838
1,188
13, 237
1,263
13, 799
1,256
14, 841
1,172
13, 828
25,985
2 417
2,288
1,846
1,918
2,201
2,170
2,118
2,109
2,061
1,716
'1,992
1,892
6 106
4 081
7,042
3,777
642
308
490
307
584
272
480
275
569
303
579
308
514
295
555
268
660
265
416
214
544
'259
678
262
23 999
273 491
11, 292
21, 202
2,177
22, 882
2,148
22, 119
1,543
1,770
24, 379
2,098
25, 047
1,209
28, 394
728
847
989
622
1,865 r 2, 108
19, 136 '21,334
659
'646
20, 153
698
24,049
526
1,749
21, 034
8 446
1,449
27, 376
1,060
1,588
283,398
17 141
14 061
8 579
1 356
1,152
1,157
1,336
1,466
1,410
1,455
628
660
9,582
345
754
578
18,962
630
867
398
522
714
649
643
1,271
742
1,142
854
408
r
' 1, 201
'788
434
2,044
650
1,222
646
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), qtrly. total
mil. $
U S. Government
do
Prime contract
do
Sales (net), receipts, or billings, qtrly. total-.do
U S Government
do
27,223
16, 351
24, 219
20,227
14, 530
26, 503
18, 193
24, 029
23, 444
16, 334
7,468
5,550
6,813
6,666
4,556
i 7, 244
13,640
16,633
16,321
1 4, 156
' 6, 731
' 3, 881
' 6, 226
' 6, 221
'3 989
6,916
5,506
6,360
6,398
4,181
Backlog of orders, end of period 9
do
U S. Government
do
Aircraft (complete) and parts
do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units, and parts
mil $
Other related operations (conversions, modifications), products, services
mil. $._
27, 547
15 711
14, 655
3,824
30,936
17 950
16, 401
4,252
30, 936
17, 950
16, 401
4,252
130,262
116,057
116,813
i 4, 192
30, 589
15, 768
17, 938
' 3, 916
31,202
17, 236
17, 214
3,765
Aircraft (complete) :
Shipments ©
Airframe weight ©
Exports
do
thous Ib
mil $
4,510
5,704
5 704
i 4, 708
' 4, 007
5,254
2,492
2,810
2,810
i 2, 759
'2,827
2,854
2, 087. 0
43,983
553.7
2, 981. 5
56, 739
786.5
273.2
5,239
48.7
296.6
5,367
95.2
381.2
6, 645
95.3
337.9
6,043
127.5
354.6
6,359
145.6
357.0
6,671
78.7
373.4
6,858
115.4
10, 329. 4
9, 943. 4/
8, 598. 3
8, 336. 9
1, 731. 1
1, 606. 5
8, 976. 2
8,484.6
7,436.8
7, 070. 2
1, 539. 5
1, 414. 4
751. 9
706.9
645.4
608.8
106.5
98.1
807.7
761.8
683.0
645.2
124.7
116.5
957.8
903.9
813. 9
768.5
144.0
135.4
937.5
889.3
787.0
747.2
150.4
142.1
847.6
801.4
703.2
668.2
144.3
133.2
968.0
917.7
800.7
764.0
167.3
153.7
*
339.5
5,831
125.8
337.3
406.8 ' 340. 3 '311.6
6,931 ' 6, 005 ' 5, 668 5,581
94.1
117.6
121.7
941.7 1, 103. 5
895.8 1, 051. 6
782.7
916.9
747.8
876.2
159.0
186.6
147.9
175.4
990. 1
945.8
813. 7
781.6
176.4
164.3
773.1
744.8
624.6
605.4
148. 5
139.4
292.1
274.7
193.1
182.6
99.0
92.1
391.4
6,931
130.2
MOTOR VEHICLES
Factory sales, total
Domestic
Passenger cars, total
Domestic
Trucks and buses, total
Domestic
.
thous..
do
do
do
do
do
816.9 1,129. 9 21,036.3
769.4
656.4 2 935. 0 2 873. 7
620.0
160.5 2 194. 8 2 162. 6
149.4
Exports:
Passenger cars (new) assembled
To Canada*
'
Trucks and buses (new) assembled
do
do
do
177. 58
114. 32
78.64
280. 58
236. 64
82.24
25.76
22.47
5.09
26.74
22.58
5.16
37.13
31.61
6.15
35.09
29.90
5.99
29.34
25.29
7.29
30.92
27.99
7.63
29.90
25.65
8.40
30.19
27.62
7.82
26.12
23.22
6.84
15.35
13.63
6.07
8.29
6.86
5.41
27.71
23.60
8.84
Imports:
Passenger cars (new), complete units
From Canada*
Trucks and buses, complete units
do
do
do
913. 21
165. 36
42.96
, 020. 62
323. 55
75.07
98.07
33.79
5.07
100. 48
27.37
3.13
110. 67
40.71
8.88
145. 98
48.28
9.23
121.37
31.22
9.74
112. 32
34.12
8.09
117. 33
34.32
6.20
157. 10
49.07
6.93
139. 11
50.91
9.93
139. 32
32.25
8.70
97.25
13.68
3.58
126. 02
42.57
10.50
Shipments, truck trailers:
Complete trailers and chassis
number. . 113, 493
Vans
do
75, 527
Trailer bodies and chassis (detachable), sold
separately
number.. 18, 402
96, 539
59, 147
8,787
5,549
7,884
5,161
7,209
4,757
7,839
5,028
8,881
5,713
10, 207
6,775
9,814
5,899
10,918
7,188
8,942
5,676
8,891
5,529
9,526 ' 9, 544 10, 061
6,439 ' 6, 475 7,056
27, 497
1,787
2,326
1,447
2,063
2,192
2,181
2,165
1,956
2,532
2,392
2,308
9, 008. 5 3 38,357.4
3 658. 1
779. 2
1, 610. 4 31,518.4
710.1
74.2
116.9
643.0
64.5
107.2
737.9
67.1
121.4
«657.
9
a
62.5
«118. 5
"604. 6
"62.1
"110.9
Registrations (new vehicles) : O
Passenger cars
Foreign cars
Trucks (commercial cars)
thous
do
do
143. 10
54.54
13.60
3,703
3,703
705.3
94.7
148.5
170.3
4,448
3,062
1,386
4,533
3,319
1,214
3,156 '4,328
3,033 ' 4, 228
100
123
9,800
6,782
3,018
872.0 744. 4
800.6
859.4
824.3
725.0
75.5 «82.4 «78.4 »78.0 » 79. 5 « 81. 7
131.7 ' 161. 6 ' 149. 6 ' 145. 9 ' 161. 9 ' 150. 9
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments
Equipment manufacturers, total
Railroad shops, domestic
number
do
do
3,499
2,476
1,023
90, 349
67, 944
22, 405
83, 095
64,775
18, 320
6,039
4,291
1,748
5,122
3,958
1,164
5,483
3,987
1,496
4,717
3,875
842
5,754
4,358
1,396
5,712
3,978
1,734
5,774
3,395
2,379
4,994
2,906
2,088
4,408
2,728
1,680
3,233 ' 2, 789
3,197 ' 2, 586
203
36
3,760
2,488
1,272
New orders _ _ „ _.
Equipment manufacturers, total
Railroad shops, domestic
do
do
do
99, 828
73, 185
26, 643
53, 703
38,468
15,235
2,378
2,352
26
6,209
3,365
2,844
8,209
4, 450
3,759
4, 548
3,418
1,130
5,527
2,727
2,800
3,860
3,380
480
3,294
2,502
792
4,057
2,686
1,371
Unfilled orders, end of period
Equipment manufacturers, total
Railroad shops, domestic...
do
do
do
56, 618
40, 426
16, 192
24, 917
14, 276
10, 641
21, 082
14,311
6,771
21,828
13,730
8,098
24, 917
14,276
10, 641
24, 893
14,024
10, 869
24, 742
12, 469
12, 273
22, 933
11,894
11, 039
20, 364
10, 862
9,502
19, 281
10, 496
8,785
17,810
10, 969
6,841
16, 948
10, 977
5,971
16, 261
11, 439
4,822
16, 229
12, 693
3,536
21, 400
16, 060
5,340
1,480
5.3
1,478
5.3
1,478
5.2
1,476
5.2
1,473
5.2
1,473
5.2
1,470
5.2
1,467
5.4
1,466
5.4
1,463
5.2
Freight cars (revenue), class 1 railroads (AAR):§
Number owned, end of period
thous
1,493
1,497
1,482
1,492
1,482
Held for repairs, % of total owned.
.
5.3
5.2
4.8
5.1
5.1
Capacity (carrying), aggregate, end of period
93.54
mil. tons__
91.58
93.16
93.60
93.16
Average per car
tons
62.64
62.74
61.19
62.85
62.85
' Revised, i Beginning 1st quarter 1968, value of new orders and backlog refers to orders
on a funded order basis for Government contracts and on binding legal documents (or equivalent) for commercial business. Revised 4th quarter 1967 figures, comparable with funded
data beginning 1st quarter 1968 (mil. dol.): Total net new orders 7,428 (corrected); total backlog, 29,339.
2 Preliminary estimate of production.
3 Annual total includes revisions not
distributed by months.
« Omits data for 1 State.
93.83
93.68 93.66
93.72
93.80
93.57 T3.62
93.55
93.41
93.71
64.12
63.90
63.84
63.75
63.66
63.55
63.40
63.30
63.18
63.33
9 Total includes backlog for nonrelated products and services and basic research.
0 Data include military-type planes shipped to foreign governments.
*New series;
source Bureau of the Census.
O Courtesy of R. L. Polk & Co.; republication prohibited.
SExcludes railroad-owned private refrigerator cars and private line cars.
TO
Sl~-S40;
SECTIONS
Earnings, weekly and hourly, . . . . . . . . . . . . . . . . . . 14, 15
Eating and drinking places. . . . . . . . . . . . . . . . . . . . 11, 12
Eggs and poultry. . , ..... . . . . + . . . . . . . . . . . . 3, 7, 28,29
Electric power, . » . . , . , ------- , . , . . , . _ , . . . 4,8, 25, 26
General*"
Electrical machinery and equipment. . . . . . . . . . . . 4*8,
13-45,19,22,23,34
Business indicators . ,-, V, ,,',..'.. v .. _ v . , , ^ . . * . ." 1-7
Commodity "prices, . .-.' . . »..' » . . . . ........ . . *.« * 7~# Employment estimates* . . . . . ,____. . . . . . . . . . , , . 12-15
Employment Service activities. . » . . , . . . . , . . . . , *
16
Construction and real estate , * . . . . . . , . . . , * . ; , 9, 10
Expenditures, U.S Government. . , , . , , . . * . . V, , *
18
Domestic trade. . . . . .„. /•„ . f » , , ,*; V. .;. . * . .V. > . ,- £0-12
Explosives. . . . . . , . . . . . . . . . . ; . . , , , » . ...... V. . , • 25
Exports
(see
also
individual
commodities).
.
.
.
1,2,21-23
Labor force, employment, and earnings. . . . . .
Express operations, , . , . . » , , . . . .\ ... i . . . . . . , , , ,
23
Finance. . . . , , , , , . . . . . V. . V . . .•„'< U . . . . . . . . * , 16r21
Foreign trade of the United States. .........V, 21-23
Transportation and communications , , ; i , , , . . , 23, 24
Failures, industrial and commercial, . . . . . . . . . . . .
7
Farm income, Marketings, and prices.. ... . . . . . 2, 3,7,8
Farm wages............. . . . . , , . . . . , . . . , . . , , . .
15
:
Fats and oils.* ... * , . , . . . , . . , , , , , , . , , , 8,22,23,29,30
Industry?/ -. , : " . . - , . ' , / . ' • • / . , , . / / •
Federal Government finance, , , , , . . . , , , „ . . . » . . .
18
Chemicals and allied products. . . . . . . . . . . . . . . . 24* 25
Federal Reserve banks, condition of , . . . , . . , , , . , ,
16
Federal Reserve member banks, ; - . » . , . . 4 .-,.'..',,.
17
Electric power and gas. ,% V. ,; , .v . . . ..... . . . . . 25*26
Food and kindred products; tobacco. . . . . . . . . . 26-30
Fertilizers.------______.. , . . » i , . . , . , . . » , . , . . . . . , 8,25
Leather and products. » „ . . , , , , , . « , . . , , » . , . . .
30
Fire losses.. . . . . , . . . . . . . , . . . . . . . ... . . . , , . . . . .
10
Fish oils andfish. . . . . . » . » . , . . . . . . . . . . . , * , , , , »
29
Flooring, hardwood, ., , . . . . * . . . . . . , . . . . . . * , s * ,
31
Lumber and products* , , , , , * , , . . , , ^ , . , V. ....
31
Metals and manufactures, . , „ . . , , . . , . . . . . . ' , . » . ,31-34
Flour* wheat. . , » , . » , , . , . . . , 'f . . . . . . , , , , . , . , ; • « - . 28,29
Food products..,. , , , . , . 1,4-8,11-15,19,^2,23,26-30
Petroleum, coal, and products, . . ^ , , , * «\ , , . » . . 34, 36
3Pwl]P» paper, and paper products. , , , , , , . , » , , » » ' , , 36, 37
Foreclosures, real estate , . . . . . * . . » . . . . . . . . , . , , .
10
Foreign trade (see also individual commod.) . . . . . 21-23
Foundry equipment. . . . , . . . , . , ! . . . . . . . . . . . . . . .
34
Rubber and rubber products. . ... . , , . , . , , . . , ,
37
Stone, clay, and glass products. , , . . ....... ...
38
Freight cars (etiuipment) . . . . . . . . . . . . . . . . . . . . . . 4, 40
Fruits and vegetables, . . . » . . . . , , » , , * „ , . . , . . . * »
7, 8
Textile products. . . . . . . . .____. . . . . . . . , , , . * , , 38-40
Transportation equipment . . . ' . . * . . . . . . , • , . , . , ,
40
Fuel o i l , , , . . . . , ; . . ..... . . . . , . . . , , , , . , , » , > . , , 35,36
Fuels,^,..._______, . . , . . , , . . . . . , . . » 4,8,22,23,34*36
Furnaces ..... . . . . . . ....... .... . , . . . ,v. . . v. . . . ,
34
Furniture. .... « . . . , . ... . .____» . . . . , . . . . . . 4*8*11-15
INWVIBUAiL SERIES
A d v e r t i s i n g . . . ; , , . . . . . . . . . . . . . . . . . . . . . . .V. 10,11,16
Aerospace vehicles
^. t i . . . . . . . . . . . . . . .
40
Agricultural loans, » » , , , » , , , , , „ . , , , . , . . ; . . . . . . .
16
Air carrier o p e r a t i o n s . . . . . . . . . . . . . . . . . . . . . . . . .
23
Aircraft and p a r t s . , . , . , . . . , . . . . , . . , . . , , V., 4,6,7,40
Alcohol, denatured and e t h y l . . . . . . . . . . . . . . . . . . .
25
Alcoholic b e v e r a g e s . . . . . . . . . . . . . . . . . . . . . . . . . . . 11,26
Aluminum*..................................
33
Apparel,
,
. . . , » . . 1,3,4,8,9,11-15,40
Asphalt and tar products. . * . . . . . , . , , . „ » , , * , . . . 35,36
Automobiles, e t c . . . . . . . . . . . 1,3-9f 11,12,19,22,23,40
2,3
Balance of international payments. . . . . . . . . . . . . .
Banking. . . » , . , , . ......... . , „ „ « ... . , , , , . . , , . . 16,17
Barley, . . - , . . ; . ;-----. ........ ..;,..- ...... . . . . .
27
Battery shipments. ...... , „ . . < . . , , , ' , , , . . . . , , . .
34
Beef and veal. , . . . . . . , . . . » , . . , . , . . . , . . , . . . . . .
28
Beverages. , . v . . . . . . . . . . . ... ....... 4, 8, 11, 22, 23,26
Blast furnaces, steel works* etc . . . . . . . .• . . * . . . . * . 5-7
Bonds, outstanding, issued, prices, sales, yields. . . * 18-20
Brass and bronze. , , „ » , , . . ' ..... . . . . . . . . . . . . . ^ ,
33
..,.,....,,...............,
Broker's balances. ........ ..... ....
Building and construction materials, .
Building costs, . ; » ; . - ...... , , . « . . * » , . .
Building permits. • , , . . . . , , . , . » . , , , . : , ;
Business incorporations (new) , failures .
Business sates and inventories. . . . . . . . .
Butter. . . , , , , . . . , ; . , . . . . . . , . , . . . , , .
38
20
7-8,
10,31 36,38
10
10
7
5
26
Cattle and calves,.... ^, , . * , . . . . . . . . . . . ;
28
Clement and concrete p r o d u c t s , . . . . . . . . . . . . . . 9,10,38
Cereal and bakery products,.... . , . . . . . , * . , . . ' . .
8
Chain-store sales, firms with 11 or more stores,..
12
Cheese,
;
.,,.,..,........,,,
26
C h e m i c a l s . . . . . . . . . . . . . . . . . . . . 4-6,8,13-15,19, 22-25
Cigarettes and c i g a r s . . . . . . . . . . . . . . . . . . . . . . V , , ,
30
Clay products
,.,,,,.,......
. . . . . 9,38
Coal,
..
4,8,22,34,35
Cocoa.
. . . , , . , , , . . . » , . » . . . . . . . 23,29
Coffee...
....
, 23,29
4.,
Coke...
,
35
Communication. ,v.,
. . , . , , . . . . , , 2,19,24
Confectionery, sales, , * , ,
,..„......
29
Construction:
Contracts..,,.,,
9
v
Costs....................
_....,...;
10
Employment, unemployment, hours, earnings.. 13-15
Fixed investment, structures. . . , . . . , , , , . , , , » ,
1
Highways and r o a d s . . . , . . . . . . . , . . , . . , . .
9,10
Housing s t a r t s . . . . . . . . .
...............
10
New construction put in p l a c e . . . . , . . , . . . . , . , .
9
Consumer c r e d i t . . . . . . . . . . . . . . . . , , , , . . . , » . . . . . 17,18
Consumer expenditures...
.,,»,,,,.;.,
1
Consumer goods output, index,.,,,..:. , , , , , . , . . 3,4
Consumer price i n d e x . . , . . . . , , . , .
, « „ . ; . „ . 7,8
Copper..
33
Corn...
27
Cost of living (see Consumer price index)........
7,8
Cotton, raw and manufactures,......... 7,9,22,38,39
Cottonseed cake and meal and ofl
30
Credit, short- and intermediate-term.,
17,18
Crops,........,/,,,,......,....,.. 3,7,27,28,30,38
Crude oil and natural gas.»;...,
4,35
Currency in circulation. „ . . , . „ . , » „ . . . . . . . . . , . . . .
19
Dairy products......,....._
. . , , , . 3,7,8, 26,27
Debits; hank
....,,,..
1... i . . . . . . . .
16
Debt, U.S Government.. . . , „ . , . . . , , '
18
Department s t o r e s . , . , , . . . ' . . „ • , . . , . » . . , , . »
11, 12
Deposits, bank
; , . . , „ > , . . . , , , . , , . , . . 16,17,19
Disputes, industrial....................
...
16
Distilled s p i r i t s . , . . . , , . . . , , . , , . . . . . , , . . •
26
Dividend payments, rates, and yields.......
2,3,18-21
Drug stores, sales. .^,,-..,, V, .„•.,,, ; ,..,.,.,.,,.. 11,12
Gas, output, prices* sales, revenues, . . . . ....... 4, 8, 26
Gasoline. . . . , . » . , , . . . . . .____... ..; ,v. . . . . , . , , , 1,35
Glass and products. . * , . . , . . . , . . . . .-.^ . . , . . . , * .
38
Glycerin,. . , . . . , , . , . . . ; . . . , , . . , / _ , . , . . . , . . , ,
25
Gold. ._____, , . . » , . . . . . . . . , , . . . . . . . . . . . . . . . . . .
19
Grains and products . , . , . . . . , , . , . , . . . . . 7, 8» 22, 27, 28
Grocery stores, . . . . . . . . . . . . . . . . . . » . . , . , . . , . . . 11, 12
Gross national product..---------. . . . . . . . . . . . . . . .
1
Gross private domestic investment, . . . . . . . . . . . . .
1
Gypsum and products, . . . . . « . , . , . . . . » . . . . , , » . . 9, 38
Hardware stores. .
...........,,...»,..,
11
Heating equipment.. ..... .. . , , . . . , . , , , . . . . . . . . 9,34
Hides and
nd skins.
skins.. .. ., ,. , . \ ... . . , , , . . . . ..... , , . . , 8,30
Highways and roads. , . . . . . . .____, . . , . . , ; . . . ; . 9, 10
Hogs........................................
28
Home electronic equipment . . . . . . . . . . , . . . . , . , , .
8
Home Loan banks, outstanding advances. . . . . . . .
10
Home mortgages. , , ; , , , , , ........... ^ .. + . . . . .
10
Hosiery. . . . . . . , . . . . , . ,____. . . . . .____. . . , , . . .
40
Hotels..,..,,..,.,..,. ,,,.,.,.;........,....
24
Hours of work per week. . . , . . . . . . . . , » . ....... .
14
Housefurnishings, . . . . . . . . . . . . . . . . . . . . . . 1,4,8,11,12
Household appliances, radios, and television sets .
4,
8*U*34
Housing starts and permits ....... . . . . * » . . . . » . .
10
Imports (see also individual commodities) . . . . . 1, 22, 23
Income, personal, , , . * » . . . . . * . , . . . . ... . . -, , . . . v 2, 3
Income and employment tax receipts. . . . . . . . . . . .
18
Industrial production indexes;
By industry... . . . . , . , , . . , , . . , . . . . . » . . . i , . , , 3,4
By market grouping. . ...... ... ... .V. . • , . „ » » . 3, 4
Installment credit- * . * . . . . . . . . , , , , . , . . , , , , , 12, 17, 18
Instruments and related products, , , . . . » , , , 4-6, 13--IS
Insurance, life, . . . . . . * . . . . , . . , . . . ; . , . . » , » , . . . . 18, 19
Interest and money rates . * . . , . . . . . . . . . . , . , , , . ,
17
Inventories, manufacturers* and trade, . . . . . . . . . 5, 6, 12
Inventory- sales ratios. , . , . . . . . , . , . . . , . ..... ...
5
Iron and steel. , . , . , . . , . , . 4, 5-7,9, 10,19,22, 23, 31, 32
Labor advertising index, strikes, turnover. . . . . . .
16
Labor force. . . . . . ........ . . . . . , ..... ...____, , 12,13
Lamb and mutton,.,. ..... .. ..... « . ; * , . . . _____ 28
Lard..,..v ..... , , . , ......... . . . . . . . ..... . . . . 28
L e a d . . . . . , . . . , , , . . , . , . . . ,____. . , . . . , , . . , , . , ,
33
Leather and products, . , » , , . , . . . . ..... . 4,8* 13-15, 30
Life insurance. . , . » . , , » , , , , . . . . . » . » . . , , , . , , . . . 18,19
Linseed oil. .. . . , , , . , . . . , . . . . . . . . , ...... . . . . . .
30
Livestock... . . ...... . . . . . . . . . . . . . . . . ........ 3,7,8,28
Loans, real estate, agricultural, bank, brokers*
(see also Consumer credit). . . . . . . . . . 10, 16, It, 18, 20
Lubricants. . . .____. . . . . . . . . . . . . . ____ ......... . 35,36
Lumber and products, . . ..... . . . . . . . 4*8, 10-15, 19* 31
Machine tools. . . . . , . . ; , ..... . . . . . . . . . . . . . . . . .
34
Machinery..*. ........ . . . . . . 4,5-8,13-15,19,22,23,34
Mail orders houses, sales. . . . . . . . . . . ..... ... ____ 11
Man-hours, aggregate, and indexes. . . . . . . . . . . . .
14
Manmade libers and manufactures. , . . . . . . . . . . . . 9, 39
Manufacturers' sales (or shipments), inventories,
orders, , , . . . * . . . . ; . . . , . » « , . , « . . , , , , . . . .___. 4-7
Manufacturing employment, unemployment, production workers, hours, man-hours, earnings . . . 13-15
Manufacturing production indexes. . . . . . . . . . . . . .
3, 4
Margarine. .,,.,..,.,*.,............;......,,
29
Meat animals and meats. . . . . . . . . . . . . 3, 7, 8, 22, 23, 28
Medical and personal care, . . , . . . , , . , . * ,____. . .
7
Metals../...,.....,.,,,..,,.. 4-7,9,19,22,23,31-33
Milk.....,,...,,,..... ....... ,,..........,.. 27
Mining and luWals.,... ...... , , , , . . 2-4,9,13-15,19
Monetary statistics. . . . . . . . . . . . . , ,____. . . . . . . . .
19
Money supply, , , , . . . i . . . . . . . . . . . . . . , , , , , , . . , .
19
Mortgage applications, loans, rates, . . . . . . 10,16,17,18
Motor carriers. . , . , . . , . , , . . . ..... . . . . . . . . . . . . 23,24
Motor vehicles . ..._____, . , , . , 1, 4-7, 9, 11, 19, 22, 23, 40
Motors and generators, . . . . . . . . . . . . . . . . . . . . . . .
34
National defense expenditures. . , » » Vv, . . . . . . , , , , 1*18
National income and product. . * * « . , ... . . . , , , , . 1, 2
National parks, visits. ; v . . . ... » , » , . '. * \ '. ,,,... V.
24
-• NewsprfaitL . .-, ,>;„ ;,-.,; i'.'-«« ; . , ;. * . . />'„'«> ;.-; v . . .•» 23,37^:
New York Stock Exchange, selected data,. • , , , . , 20,21
Nonf errou s metals. . , , ^ -;•; . * . * . * . . , , 4,9, 19*22*23*30
Noninstallment credit. . . . . . ,>'.',;v. .,,..';.* v. -'.".-..' ;-'.';' 17';"
' Oats^ .',,,,,»',« .vVi'. . ,-. r rv * . . .:^,» ^ »', ,i .-.'. ;f;V- - " -.'87' •
; OS burners, .. . , ,";v;V. .,,..,. '.-v, .V.V.-M,* . v. . . . • .34"
Oils and fitti. . . . . . . . ;.; _ , , , 4>',. . , , . . , , 8, 22, 23, 2& 30
Orders, new and unfilled, manufactures' . . . . . . . . .
6, 7
;;,;^..;^
Faint and paint materials,*.. . , ;'. . . , » , » ; ; , .. , . . 8,25
Paper and products and pulp. , . * , , , , .,.;.»:* .',<; -l-^,
9, 13-15, 19* 23, 36; 3t
Parityrafe. ,,,.;..,..,,..,.,...*.,...'.,;.,
-t
Passports issued. . , . . , . . . ............. 4 i ,, % t ;.,»
?4
Personal consumption expenditures, , . . . , , , . . . . . »
1
Personal income.^ /, . , , , , , . . , . . , , , . . . . » . ., , , . . $*3
Personal outlays. , . . /. . . . . , * . .... , , . , , . , , , , ; , ,
2
Petroleum and products. . , , , , VV * ,, i , . . . . , « . « . » 4r4»»
8,11,13-15,19*^5,23^35,36:
: Pig iron^ . . ,.. . . .- ..; ; . , ,.\ . . .;.-. .v * . .-; -. V.', .-.-v . . * - '•' 32
Plant and equipment expenditures. ; , » ; V; , . . •.. . V 2*20
Plastics and resai materials. ..... Vv/. . . V. ... V . ^
25
• Population. . ...... ... 4 <. . . ^ . .; . » ;'; . , V ;-.-. ; V, * .*' ."-. ; , -•• 12' :
Pork...... . . , , . , . . , . , , , , . . , . . . . , „ . . . , . , , , . .
28
Poultry and eggs. . , . , ,'.-; . . . . . ,, , , » . , , , . . ,3,7,28,29
Prices (see also individual commodities) , ; » » » » , , , 7-9
Printing and publishing. . ; . . « „ , « V, , . . , . , * , , , 4, 13-15
Profits, corporate. ./. .V. . . . , , , , ^ . , . . . « , , . . . , V, 2,19
Public utilities, . * , . ,v. , , . . . . ,, .... 2-4,8,9*13*19-21
Pullman Company . . . . ; , » , , , . * , . . . . . . , » , , , , . > .
24
Pulp and pulpwood. , , . . . , » , . . . , . . . . . . . . . , . , . .
36
Purchasing power of the dollar . . , . . , . . . , V , . ; . , *
9
Radiators and convectors. , . . . , , , , , . , ; . . . . , V, . ,
34
Radio and television, , , . V, , . . . , * . . , . . . ... 4, 1% 11* 34
Railroads.,..,,,.,,-.....,./;„ 2, 15, 16, 19, 20, 21* 24, 4|>
Hailways 0ocal) and bus lines, . . . , . , . , . ; ; . , . , . ,
23
Rayon and acetate. ... -. . , , , , , * . . » , , . . . . *V . , , ,
39
Real estate. . , , . , . , , , , . , , , . . , , . , . . . , , . , . , , 10, 17, 18
Receipts, U.Si Government. « . . . , . . , , , , . , . . , . . .
18
Recreation.____, , , . » . , , . . , . . . . . . . . , . v . i . . . . . .
$
Refrigerators an4 home freezers . * . , . . . , . . . , , , . ,
34
Rent (housing), . . , , ; , . . ,V . , ,V » , , , . . . , . , , , , , , .
7
Retail trade..., . , . . , . . . , . . , , » . , , , ..5,8,11-15*17,18
R i c e ; , . . . . , , . . , , . , . . . , , . . . , , , . . . . , . . ! . ! . . . . / 27
Roofing aiid siding, asphalt, ,....,,,...,,.,,,,.
36
Rubber and products (incl. plastics) . .•*. _, . . . . . . 4-6,
/ -\.-;; - . : . - . : •
•:;•
•. '
9* 13-15,23, 37
Saving, personal. . . . . . . . , , . . , . , , . , . , . , ^ . . . . V. .
2
Savings deposits, , , . , , . . . . . , . . , . , . . . , . . . . . . * . .
17
Securities issued. . . . . . . . . . . . . . . . . . . . . . . ,../,, . 19,20
Security markets, . , , , . . . , . , . . . . . . . . . . , , . . , , , . 20, 21
Services . . . . . . . . . . . . . . , . , , , . , , ; . . . , , , . . , , . . . 1, 7, 13
Sheep and lambs. . . . , . „ . . „ , , , , , , . . . . . ... . . . . .
28
Shoes and other footwear, . , , » , , , ; » . , , , , , . 8, 11, 12, 30
Silver. ,. , , , , , . . , . . . . . ,. i „ , . ,v. , ,, . . . . . . , , . , , 19
Soybean cake and meal and oil. , , . . , , . . , . , , . . , ,
30
Spindle activity, cotton . . ^ . , . . , .. , \ . » . ..... V ,, ,
39
Steel (raw) and steel manufactures , . , . , + , « , . . , , 31*32
Steel scrap. . . . . * . . ,,-.'.». ... . . . . , , . , . , , . . . . , . . .
31
Stock prices, earnings, sales, etc;. t ';.; , , . . . . . . . . . . 20*21
Stone* clay, glass products. . , » , , . ,,. 4-6,8,13-15,19,38
Stoves arid ranges, ,.,,..,. ;....; ...;.,.., .-. , ,
34
Sugar. . . , . . . , . . , . . . , . . . . . , . . . . ;', . ...... .. . , , 23,59
Sulfur,,,.,,.,..,,,.,.,.,,,.,..,.;..........,
25
Sulfuricacid,. . . . . . . , , , . , , . . , , , , , . , . . , . . . . , , .
24
Superphosphate. V. . , . . . . . , , ... . . . . , . , ... . ... . .
25
Tea imports* ........ ........... ... . . . . . . . . * .
29
Telephone and telegraph carriers . , , . » V, . . . , , i v .
24
Television and radio. . . ;.. , , . . . . . . . , , . , , . , 4, 10* 11,34
Textiles and products . . . . 4-6, 8* 13-15, 19* 22, 23, 38-40
Tin ......... . . . . , . , . . ..... ... . , , . , , , , . , . U\ .
33
Tires and inner tubes, ; , . , . . , , . . ..... .... 9, 11, 12, 37
Tobacco and manufactures. . . . . . . . 4-6, 9, 11, 13-15, 30
Tractor8,.»,....,.....,,vV,,V,.,,,.,,^,..,.*
34
Trade (retail and wholesale) , , , . , , , . . . . . . , „ ,. , 5, 11* 12
Transit Imes, local. ............. .„ i . . . ; V , , ...
23
Transportation. . . . . , . » , . . . . . , . » , . , » . 1, 2, 8, 13, 2?* 24
Transportation equipment. , . , . , ; . , . , 4-7, 13-15, 19* 40
Travel. .......... . . , . , . . . , . , . , . , . . , . ... V. . t . 23,24
Truck trailers. . . . . . . . . , ... *V . . , , . . , i V, ... . V ...
40
Trucks (industrial and other) . , , . . . , , . , , . . , , , , « 34,40
Unemployment and insurance. . . . . , , , , . » . ;:.,.' 12*13, 16
UJS. Government bonds. . , , , . . . , . . , . . , ; , . ; . 16-18, 20
1JJ8» Government finance. * * . , , . . . . . . . . , . . . . » , .
18
Utilities. . . . , . . , . . . . . ..;-;.; i ;. 2-4,9,13,19-21,25,26
Vacuum cleaners, , , . , , , . . . . » , . * , .... », :. . . . . . , ,
34
Variety stores. , . . . . . . . ,_____, . ,v. ; , . . . , , , . , v * . 11, 12
Vegetable oife. ... . . . . . . , , . , , . . , . . . . . . . . : . , , , V 29,30
Vegetables and fruits. , . , , / . , , , , . , . V . , , , . . . . . , . 7, 8
Veterans* benefits, . . » . ; , ., . . ,..,,,.....,,,..., 16, 1$
Wagesanasalaries.,,.,...,.,.,,.......,,. 2,3,14,15
Washers and driers, ; . . . . . . , , * , -.'.+ , , . . » . . . * . , . .
34
Water heaters, . , 1 , . V. . , . . » . , . . . . . . , . . . , , * . , . ,
34
Wheat and wheatflour.. . . . . . . . . . ; ... , . _ , , , , , .
28
Wholesale price indexes.. , , . . . . . . . , , . . . . . , , . , . 8,9
Wholesale trade. ... . . . V., . . . . . ........ 5,7,11*13-15
Wood pulp;, . , . . . . , > . . , , . . . :.„; ...... . . . . . . .,
36
Wool and wool manufactures. . , . . , . . . . . , , . , , . , , 9, 39
2Snc,
33
UNITED STATES
GOVERNMENT PRINTING OFFICE
D I V I S I O N OF PUBLIC
POSTAGE AND FEES PAID
U.S. GOVERNMENT PRINTING OFFICE
DOCUMENTS
WASHINGTON, D.C. 20402
',;•;
First-Class Mail
OFFICIAL BUSINESS
Volume 48
Survey of Current Business
Number 12
1968 Index of Special Articles and Features
SPECIAL ARTICLES
The Economy in 1967
National Income and Product in 1967
Employment—Prices—Finance
The Balance of Payments in 1967
Personal Income Rises in All Regions in
Third Quarter
Federal Programs for Fiscal 1969
Business Investment and Sales Expectations,
1968
The U.S. Balance of Payments in the Fourth
Quarter and Year 1967
Regional Changes in Personal Income,
1965-67
Alternative Estimates of Corporate Depreciation and Profits: Part I
Alternative Estimates of Corporate Depreciation and Profits: Part II
No.
1
1
1
1
Page
1
2
30
11
1
3
20
27
10
15
17
16
U.S. Spending for Foreign Travel Totaled
$4% Billion in 1967
The U.S. Balance of Payments in the First
Quarter of 1968
U.S. National Income and Product Accounts,
1964-67
Personal Income by States and Regions in
1967
Metropolitan Area Incomes, 1929-66
The U.S. Balance of Payments, Second
Quarter 1968.
.
The International Investment Position of
the United States in 1967
Money and Credit Markets in 1968
The Balance of Payments: Third Quarter
1968
No.
Page
6
14
18
15
8
8
13
25
22
10
11
19
12
12
17
.No.
7
8
Page
FEATURES
No.
Fourth Quarter Inventory Developments—
Investment Rises Substantially
Steel Production, Consumption, and Inventories
Manufacturers' Inventory and Sales Expectations, First Half of 1968
1967 GNP by Major Industry
First Quarter Corporate Profits
Monetary Policy Shifts to Restraint
Plant and Equipment Expenditures of
Foreign Affiliates of U.S. Firms—Revised
Estimates for 1967 and 1968
Plant and Equipment Expenditure Programs, 1968—Rise Scheduled for Second
Half
Manufacturers' Sales and Inventory Expectations—Second and Third Quarters 1968.
Second Quarter GNP
Residential Construction and Mortgage
Markets—First Half 1968
Page
12
11
1
State Personal Income, First Quarter 1968..
Second Quarter Corporate Profits
Plant and Equipment Programs—Projections for 1968 Reduced.
Inventory and Sales Expectations, Second
Half 1968
,
Plant and Equipment Expenditures by
Foreign Affiliates of U.S. Corporations,
1967-69
The 1968 Automobile Model Year—NearRecord Output and Sales
Prices in 1968
State Personal Income, First Half 1968
Third Quarter Corporate Profits
Recent Inventory Investment
Plant and Equipment Programs—Expansion
Projected in First Half 1969
Manufacturers' Inventory and Sales Expectations: Fourth Quarter 1968 and First
Quarter 1969
LATEST SUPPLEMENT—Business Statistics—1967 Biennial Edition: Price $2.50
Orders may be placed with the Superintendent of Documents, U.S. Government Printing
Office, Washington, D.C. 20402, or the nearest U.S. Department of Commerce Field Office.
Check or money order should be sent with orders.
10
4
11
15
17
10
10
10
11
11
12
14
17
2
3
12
11
12
15
@FedFRASER