Full text of Survey of Current Business : February 1962
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FEBRUARY 1962
survey of
CURRENT
BUSINESS
ANNUAL
U.S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY OF CURRENT BUSINESS
FEBRUARY 1962
VOL. 42, NO. 2
e Department of Commerce
Luther H. Hodges
Secretary
Office of Business Economies
M. Joseph Meehan
Director
Contents
THE BUSINESS SITUATION IN JANUARY
PAGE
RECOVERY AND EXPANSION OF THE ECONOMY IN 1961
Chapter 1.
Analysis of National Income and Product
5
•
Role of Government Programs
•••
7
9
Financial Markets.
14
Chapter 2.
Differential Behavior of Major Markets
15
Chapter 3.
Production—Employment—Prices
18
,
18
Farm Production and Income
20
Employment and Labor Force
22
Stable Prices During Year
23
The Balance of International Payments
25
1960 Background
26
Developments in 1961
27
*
*
General
,
Industry
S1-S24
S24-S40
Subject Index
Inside Back Cover
* *
MAJOR BUSINESS INDICATORS:
Annual Summary, 1956-61
National Income and Product:
John A. Gorman
Robert E. Graham, Jr.
Helen B. Junz
Harold Wolozin
Behavior of Major Markets:
Louis J. Paradiso
Production—Employment—Prices;
Francis L. Hirt
L. Jay Atkinson
Frank L. Lewis
Richard A. Christensen
Balance of Payments:
Walther Lederer
*
MONTHLY BUSINESS STATISTICS
*
STAFF CONTRIBUTORS
TO THIS ISSUE
5
National Income Pattern Fluctuates With GNP
K. Celeste Stol
Statistics Editc
Billy Jo Dawkins
Graphics
4
Expansion in Personal Consumption*
Investment Tendencies . • • « . . . « . . •
Industrial Production
Murray F. Foss
Editor
3
The Year Viewed Through the National Accounts
Chapter 4.
Louis J. Paradise
Managing Director
1
Summary
Back Cover
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By the Office of Business Economics
BUSINESS activity on the whole
continues to move upward after allowing for seasonal influences. January
frequently does not provide a clear
guide for gaging the extent of cyclical
change befcause of the variability of the
weather influence on some important
segments. It appears that this year
again severe weather has retarded
activity in some areas of the country.
Comparisons with a year ago reflect
BUSINESS ENTERS 1962 WITH RISING
BACKLOGS
New Orders Advance Outstrips Increase in
Sales of Durable Goods
Billion $
50
DURABLE GOODS TOTAL
48
46
44
42
40
XV
New Orders "'
38
Activity Rises in Metal Fabricating Industries
34
MACHINERY, TRANSPORTATION
EQUIP. & FABRICATED METALS
32
30
28
26
And in Basic Materials
8
STEEL INDUSTRY
6
4
January
estimated
2
1960
1961
1962
Seasonally Adjusted
1LS, Department of Commerce, Office of Business Economics
62-2-1
the fact that in early 1961 business was
still in a cyclical decline, which makes
the current period appear unusually
favorable on this basis.
The broad indicators of current
change now available present a somewhat mixed picture. Retail sales did
not quite maintain the high seasonally
corrected rate of November-December,
when consumers spent at a record rate.
Department store sales fell much more
than usual in January. Consumer purchases of new automobiles, despite some
strong spots, did not in total match the
fourth quarter average. But for the
model run to date—October 1961
through January 1962—auto sales iiave
been at an annual rate in excess of 6
million units.
Steel output registered a further substantial increase. Motor vehicle production, though lower than the rate
earlier in the model year, continued to
reflect in part the need for a larger volume of dealer stocks.
The seasonally adjusted rate of unemployment declined to somewhat less
than 6 percent of the civilian labor force
in January, continuing the drop of late
1961. The current rate is about 1 full
percentage point below the figure that
prevailed throughout most of last year.
unusually large yearend corporate dividend payment. The January total
was $27 billion above a year ago.
Employment in nonagricultural establishments declined by somewhat
more than the usual seasonal amount
from December to January although
there were diverse movements by industry. Seasonally adjusted decreases in
manufacturing and construction more
than offset increases registered in government and trade; in the other main
groups changes were quite small. Within manufacturing, increases in primary
metals and electrical machinery were
more than offset by lower totals in
transportation equipment, nonelectrical
machinery and fabricated metals. Nondurable employment showed either no
change or slight declines by industry.
Seasonally adjusted hours of work
also fell in January and averaged just
40 hours per week. Declines over the
month occurred in both durables and
nondurables, and were pronounced in
transportation equipment.
Rise in steel
Steel users are stepping up their steel
purchases to support a higher level of
fabricating activity, and also as a hedge
against an interruption in the flow of
Personal income flow
supplies resulting from a possible strike
Personal income in January was at a this summer. An outstanding developseasonally adjusted annual rate of ment in this respect has been the very
$430 billion, a bit below the December sharp advance in new orders received
figure and $1.5 billion above the fourth by steel manufacturers and the resultquarter monthly average. There was a ant rise in production. Although new
slight decline in labor income as hours orders had been showing a fairly steady
and employment were down from the increase through the year, the Decemprevious month; in addition, the De- ber seasonally adjusted total was up
cember total had been temporarily substantially and was the highest since
bolstered by a special veterans' life early 1959, when steel consumers were
insurance dividend payment and an also taking steps to accumulate steel
SURVEY OF CURRENT BUSINESS
stocks In anticipation of a tie-up that
year.
Steel output has increased in every
week since the end of November, aside
from the normal Christmas let-down.
For the week ended February 3, more
GNP RECOVERS SHARPLY IN 1961
Final Purchases Major Factor
Inventory Shift Important in First Half
Billion $
550
525 rF/naf Safes
F
J Inventory Buildup
Y//\
KXXJ Inventory Liquidation
475
1960
1961
1962
Quarterly, Seasonally Adjusted, at Annual Rate
L . 5 . Department of Commerce, Office of Business Economics
62-2-2
than 2.4 million tons of steel ingots and
eastings were poured, an annual rate of
about 125 million tons and the highest
since April 1960. January production
totaled close to 10.4 million tons, an
increase of 8 percent over December
and well above the usual seasonal rise.
Steel consumption has been gaining
steadily as metal fabricating activity
lias increased through the year. But
because inventories in steel-using industries are low relative to the volume
of production, it is understandable that
the uncertainty about the outcome of
the labor negotiations has led to an increase in the placement of new orders
for steel and a consequent acceleration
in steel production.
Construction activity is high
Total construction demand has continued at a high rate this winter, apart
from the usual seasonal influences. It
is running about 5 percent higher than
a year ago and at about the same pace
as in the fourth quarter of 1961.
Residential construction activity in
January was estimated to be higher
than in the fourth quarter, and about
10 percent above a year ago. Seasonally adjusted housing starts in the last
2 months of 1961 were lower than the
1961 high point in October, and this
drop is not yet fully reflected on the
current expenditure figures. It should
be kept in mind, however, that the
starts series is an erratic one and underlying economic conditions remain favorable for housing construction in the near
term. Income lias been rising and longterm loans remain in good supply on
terms more favorable than a year earlier.
Seasonally adjusted applications for
new dwelling units to be started with
FHA-VA guaranteed financing have
been moving up, after a limited pickup
during the iirst half of last year.
Moreover, mortgage commitments of
savings and loan associations have been
at a high rate in the very recent period.
February 1!"M>2
struction has been showing little change
but other private iionfann building,
largely institutional, continues to move
steadily upward.
A review of recent business in the
machinery and equipment industries
confirms the current improvement in
INVESTMENT SPENDING IN CURRENT
RECOVERY
Major Components Contribute to Business
Advance
Billion $
30
Residential Construction
20
Other Construction
10
I
I
|
I
I
I
I
I
I
I
I
I
I
I
j
I
!
j
|
|
j
40
Producers' Durable Equipment
30
\
20 -
10
. I I I ! I I 1 I I I I I I I I I ! I ! I I
Nonresidential activity picks up
Private construction other than residential has looked a little firmer recently, after drifting downward since
mid-1961. After seasonal adjustment,
commercial construction was at a record
rate, continuing the strong upward
movement that has characterized this
type of construction in the past several
years. There was some indication that
last year's decline in industrial construction might be coming to a halt, as
a result of the improvement in industrial activity, since this type of buildingregistered a sharp seasonally adjusted
o-ain in January. Public utility con-
-10
1957
59
60
61
62
Quarterly, Seasonally Adjusted, At Annual Rate
U.S. Department of Commerce, Office of Business Economics
62-2-4
capital formation, earlier forecast by
the regular quarterly anticipations survey. More definite information will be
available on the prospects for plant and
equipment expenditures in the March
issue of the Survey, which will have the
results of the regular OBE-SEC annual
forward look at plant and equipment
investment.
RECOVERY AND EXPANSION OF THE ECONOMY IN 1961
1. Analysis of
National Income
and Product
THE Nation's economy in 1961 fea-pronounced weakness in investment,
tured a sharp second quarter recovery the decline in GNP was held to $4
from the first quarter low point of the billion for the quarter and the cumu1960-61 recession, followed by two lative loss from the peak (April-June)
quarters of further rapid economic ex- 1960 quarter amounted to only $6
pansion. By the closing quarter of the billion.
year, the Nation's gross product had
In the second quarter, automobile
reached an annual rate of $542 billion, sales and production picked up sharply
a gain of 7 percent over the peak 1960 and the auto industry was mainly
quarter. Most of the gain was in real responsible for the shift to inventory
output, about 5 percent, as there was accumulation which on balance conbut a small rise in prices over the period. tributed nearly $7 billion to the inThe year opened with several areas crease in total output. Residential
of the private economy showing signs
of further weakness. The earlier down- PATTERN OF CONSUMER INCOME
ward drift in both residential construcAND SPENDING
tion and business fixed investment was
In the Current Recovery
temporarily intensified in the first
• Total Spending About in Line With Income
But Borrowing Lags
quarter. The market for new cars was
• Nondurables and Services Support Upturn
very weak and, with inventories high,
• Autos Recover Sharply but Irregularly So Far
producers reduced output even more
than sales dropped. In consequence Billion $ (ratio scale)
there was a sharp increase in the rate
Disposable Personal Income
of overall inventory liquidation, despite 400
-Saving
the fact that the liquidation of factory 300
stocks in the durable goods industries
Personal
Consumption Expenditures
generally was slowing down.
200
Consumer buying for other types of
Nondurables >
goods was maintained and expenditures 150
for services continued to rise; govern* Services
ment purchases of goods and services 100
expanded sharply following a small
decline in the closing quarter of 1960,
and exports continued to exceed im50
ports by a substantial margin.
40
Unemployment benefits and other auNon—automotive Durables
tomatic stabilizing devices operated to
30
maintain consumer incomes, as they had
in the late months of 1960. The Federal
20
Government moreover took steps to
\
x
\\ //Aut
augment the income flow through
emergency measures and the speed-up
J_
_L
J_
10
of regular programs, particularly in the
1957
58
59
60
61
62
fields of unemployment and farm beneQuarterly, Seasonally Adjusted, at Annual Rates
fits, and the veterans life insurance
program. In consequence, despite the U.S, Department of Commerce, Office of Business Economics
62-2-3
construction added another billion, its
first rise since earl}7 1959. Consumer
buying continued to rise and there was
another sharp increase in government
purchases, with increased defense expenditures providing the major impetus
in this as in the preceding quarter.
Business investment, which normally
continues to decline a quarter or two
after the turn in general business activity, leveled off in this initial recovery
quarter. Net exports declined sharply.
Overall, the GNP showed a $15 billion
increase for the quarter.
For the remainder of the year, all
major components of the GNP contributed to a broad expansion in activity, with the exception of net exports,
where a sharp fourth-quarter rise barely
offset an earlier decline. The third
quarter advance in GNP was held to
$10 billion, partly owing to delays in
getting new car models into production
and partly because of some hesitation
in getting the expanded defense program under way, but the fourth quarter advance of $16 billion, at an annual
rate, slightly bettered that of the second.
The economy at year end
Overall, the performance of the nation's economy after the first quarter
of 1961 was impressive. The 1\ percent
increase in real GNP achieved in the
last three quarters of the year was
greater than that for any period of
similar length in the post-war years.
In several important areas, notably in
the investment field, early weakness
had given way to improvement by the
close of the year. Residential construction had recovered smartly and was
approaching earlier peak levels. Business expenditures for plant and equipment, which were low in late 1960 and
early 1961, were expanding moderately
3
SURVEY OF CURRENT BUSINESS
at the year-end. Moreover, the expansion of economic activity during the
latter half of the year had not been
excessively dependent on the unstable
element of a high rate of inventory
accumulation.
On the other hand, despite this rapid
expansion, there had been little apparent improvement in the unemployment
problem, at least until November. The
early recovery in output was accomplished, for the most part, through
longer hours of work and higher output
per man-hour which tends to increase
rapidly in the earlier phases of recovery
and expansion.
On the whole, the prospect at yearend appeared to favor further expansion
in 1962. Both business and consumers
were in a very liquid position; over the
short-term, at any rate, there would be
Febrnarv i!«t.;£
Government purchases of goods and
no difficulty in financing any foreseeable
degree of expansion. The latest OBE- services continued on the rising trend
SEC survey of business plans for new generally evident since early 1960 with
capital investment indicates a continu- the $8/i> billion increase for 1961 about
ation of the rise into the first quarter equally divided between the Federal
of 1962. Despite the more than sea- and State-local governments. About
sonal drop in housing starts after Octo- three-fifths of the rise resulted from
ber, this seiies is extremely variable on higher expenditures for services—
a month-to-month basis, and the out- mainly employee compensation.
Private investment has been relalook for residential construction appears
tively
weak in recent years, and in 1961
favorable.
was
off
$3 billion, or 4 percent, from the
Recent increases in consumer income
1960
total.
Reduced inventory buying
should be translated into higher conaccounted for most of this yearly desumption expenditures, and continued
cline, net accumulation during the year
increases in government expenditures amounting to $2 billion, about half the
will provide further support to the 1960 stock buildup. Business fixed
private economy. On the other hand, investment was off about $1 billion
the possibility of a steel strike poses a for the year, reflecting lower purthreat to stabilit which is difficult to chases of durable equipment. There
was a small increase in non-residential
evaluate at this time.
construction, mainly in the commercial
and "other" categories not directly
associated with the cyclically sensitive
manufacturing industries.
In real terms business fixed investponents of GNP. Consumer purchases ment was 9 percent below the 1956-57
were $10 billion, or 3 percent, higher level, the high for the postwar period.
than in 1960, with services—up 4% Despite a strong showing in the later
percent—accounting for most of the quarters of 1961 residential construcincrease. A small gain in soft-goods tion experienced little net increase over
purchases was almost entirely offset I960, and was still $1 billion below 1959
by lower expenditures for durable goods, activity in this field.
mainly autos. In real terms, or constant-prices, consumption slightly ex- National income rises with output
ceeded the I960 figure and was 5
The 1961 rise in production was repercent higher than in 1959.
flected in a comparable (3 percent") rise
The Year Viewed Through the National Accounts
THE gross national product for the
year 1961 amounted to $.521_billian^r-a
gain of 3 percent over the 1960 total of
$504)2 billion. This compares with
increases of 4 percent for 1960 and 8
percent for 1959, which was a year of
continued expansion following recovery
from the relatively severe recession of
1957-58. In contrast, the 1961 recovery
began from a first quarter somewhat
below the average of the preceding year.
With prices relatively stable and averaging but 1 percent higher than a year
earlier, the increase in the physical
volume of output was about 2 percent.
The 1960-61 gain in output reflected
primarily an increase in services which
accounted for $14 billion of the $17
billion increase in GNP. Construction
accounted for the other $2 billion. The
output of goods was virtually unchanged
from a year ago. (See table 2.) This
divergent behavior of goods and services reflects, in turn, the cyclical
sensitivity of the former, and a strongly
rising trend in the latter from the
abnormally low levels of the early
postwar years.
Shifts in demand
The variant effect of cyclical and
secular factors was also evident in the
1960-61 movements in the major com
Table 1.—Key Income and Product Data, 1959-1961
(Billions of dollars;
1959
Gross national product
1960
1961
1961 — Seasonally adjusted at annual rate*
I
II
III
IV
504.4
521,3
500.8
516.1
525.8
542.2
Personal consumption expenditures
Autos and parts
All other
314.0
18.1
295 9
328. 9
18.6
310.3
339.0
16.8
322. 2
330.7
14.8
315. 9
336.1
16.7
319.4
341.0
16.4
324.6
348.4
19.8
329 1
Gross private domestic investment
Residential construction
Business fixed investment
Change in business inventories
72.4
21.1
47.1
4.2
69.6
21. 2
46.2
2.2
59.8
19.3
44.6
-4.0
68.8
20.6
45.4
2.8
73.2
22.1
46.6
4.5
76. t23.0
48.3
Net exports of goods and services .
72 4
22.3
43.8
6.3
7
3.0
4.0
5.3
3.9
2.6
4. (.!
Government purchases
Federal only
97.1
53.5
100.1
52.9
108.7
57.3
105.0
54.7
107.3
56.6
109.0
57.4
113 2
60. 0
Gross national product in constant (1961) dollars..
497.5
511.3
521. 3
503.1
517.2
525.2
539. 7
National income
399. 6
417C 1
430. 2
412.2
426.0
434. 3
na
278.4
46.4
74.8
293. 7
45. 1
78.3
302. 9
46.2
81.1
292.6
40.0
79.6
300. 2
45.5
80.3
306. 2
47.0
81.1
312 7
Disposable personal income
337.3
351. 8
364, 9
354.3
361. 8
367. 7
375. 6
Disposable income in constant (1961) dollars
346. 4
355.9
364. 9
355.5
362. 6
367.4
374.0
482.8
..
Compensation of employees .Corporate profits
All other
..
IU.
83. ('
February 1962
in national income to a new high of
$430 billion. Wages and salaries were
also 3 percent higher than in 1960, and
with employment off slightly from a
year earlier, the entire increase reflected
higher average annual earnings of employees which rose from $4,700 to
$4,850. With hours of work unchanged,
the 2 percent increase in real GNP
implies a somewhat larger increase in
output per man-hour, which would not
differ greatly from the average rate of
increase for the postwar period.
On the basis of the fragmentary data
available for the fourth quarter, it
appears that 1961 corporate profits
exceeded 1960's $45 billion, though they
may not top the $46| billion earnings
figure for 1959. Net interest increased
Sm billion for the year, reflecting mainly
the rise in debt volume, as most
i n t e r e s t rates were little changed.
Higher incomes of farm operators added
another billion to the flow of income.
Other forms of income showed little
change over a year ago.
The trend in net exports was downward through the third quarter, from
the very high levels of late 1960 and
early 1961. With a sharp recovery in
the fourth quarter, however, net exports
for the year exceeded those of 1960 by
$1 billion, and were the highest since the
early postwar period except for 1957
when exports were abnormally stimulated by the closing of the Suez Canal.
The year's increase in net exports
reflected a moderate rise in exports, and
a minor decline in imports.
EXPANSION IN PERSONAL
CONSUMPTION
Personal income advanced by $14K
billion, or about 3% percent, to a new
high of $417 billion for 1961. This rise
included about $3% billion in transfer
payments. Income after taxes increased $13 billion, also about 3K percent, to a total of $365 billion—a billion
dollars a day.
Personal consumption expenditures
rose only about 3 percent indicating
some increase in the saving rate. About
half of the 1960-61 rise in consumption
was in real terms.
The poor showing in consumption
through most of the year reflected principally lower purchases of durable goods.
SURVEY OF CURRENT BUSINESS
NATIONAL INCOME ORIGINATING
BY MAJOR INDUSTRIES
All Industries Up
MANUFACTURING Rebounds From Cyclical Low
Billion $
200
150
TOO
50
OTHER PRIVATE INDUSTRY Continues Upward
300
250
200
150
As Does GOVERNMENT
TOO
half of the year. The year opened with
car purchases off $3.6 billion from the
$18.6 billion rate recorded for the closing quarter of 1960. This 20 percent
drop was the most severe quarter-toquarter drop in the postwar period. In
the second quarter purchases recovered
about half the ground lost in the first,
and after a minor decline in the changeover quarter, spending on autos again
rose sharply to over $19 billion, about
equal, after seasonal adjustment, to the
peak buying rates of 1959-60.
Consumer purchases of furniture and
household appliances, which had been
declining with new home occupancy
since late 1959, hit a low rate of $17.8
billion in the first quarter. Thereafter,
household equipment expenditures advanced steadily reaching in the final
quarter a figure somewhat in excess of
$19 billion, about equal to the 1959 peak
rate. For the year as a whole, equipment expenditures fell a little short of
those of 1960.
INVESTMENT
TENDENCIES
50
1957
58
59
60
61
62
Quarterly, Seasonally Adjusted, at Annual Rate
U.S. Department of Commerce, Office of Business Economics
62-2-1!
In real terms, the 1960-61 increase in
soft goods and services about matched
the prior year's increase and was little
short of that for 1958-59. There was
little significant variation among the
major categories of soft goods, the gains
ranging from 1 to 3 percent. Services
continued their rapid growth; in real
terms the 1960-61 increase about
matched those of recent years.
Durable goods purchases
The 1961 decline of nearly $2 billion
in auto purchases in the face of higher
incomes and spending, is not unusual
for the post-war period. In 1956, for
example, there was a $2% billion decline
in car buying, despite an $18 billion
increase in disposable income.
Characteristically, changes in auto
purchases accounted for much of the
quarterly movements in consumer buying during the year (see chart on page
3) and indeed had a decisive influence
on total output, particularly in the first
The investment story for the year
was one of a sharp decline in the first
quarter, followed by a moderate recovery. The quick turnaround in
inventory policy was a dominant factor
in the first half, with fixed capital outlays providing most of the momentum
after mid-year.
For the year as a whole, aggregate
investment, at $69% billion, was off
$3 billion from the $72^ billion invested
in both 1959 and 1960. About $2
billion of the 1960-61 decline resulted
from reduced inventory accumulation.
Fixed capital expenditures in 1961 were
$1 billion lower than in 1960 but somewhat higher than in 1959.
Early recovery in investment
The cyclically sensitive area of investment bore the brunt of the short 196061 production decline. Investment had
fallen appreciably during 1960, as
heavy accumulation of inventories gave
way to liquidation by yearend and
other forms of investment were declining steadily, at least after midyear.
(See chart on page 2.) The inventory
sell-off accelerated in the opening 1961
quarter, plant and equipment outlays
weakened further, and residential con-
6
struct ion activity continued to fall.
The first quarter decline in gross
private domestic investment amounted
to about $6 billion and exceeded the
drop in total GNP for the period.
In the following recovery quarter,
private investment advanced by $9
billion with a shift to inventory accumulation responsible for about $7
billion of this advance, and a slight
pick-up in residential construction activity after a two-year decline, accounting for most of the remainder.
Plant and equipment outlays firmed in
this period.
Advances in aggregate investment in
the second half of the year were more
moderate largely because the inventory
build-up continued at a rate only
slightly above that of the initial
recovery period.
Plant and equipment recovery
In recent years business plant and
equipment outlays have been comparatively low. Following an incomplete recovery from the 1958 recession,
outlays turned downward again in
mid-1960. The decline centered in
outlays for new equipment, as plant
construction, which is less susceptible
to quick changes in investment policy,
remained firm.
There were moderate increases in
expenditures for the remainder of the
year. The fairly prompt reversal in
business fixed investment was noteworthy since these expenditures normally lag in the initial stages of business
recovery. For the year as a whole,
plant and equipment outlays were $1
billion less than in 1960. By the yearend, however, outlays were running
close to those of the peak (April-June)
1960 quarter.
Data from the OBE-SEC Survey of
Plant and Equipment Expenditures
show that the durable goods manufacturing sector was largely responsible for
the 1960-61 decline in business fixed
investment. For the year as a whole,
capital expenditures by durable goods
producers were off by about $1 billion,
although a more than year-long decline
was ended in the final quarter of last
year. Nondurable goods producers
spent slightly greater amounts for fixed
facilities
in 1961, as after some decline
SURVEY OF CURRENT BUSINESS
February
The first quarter drop was unusually
severe, accounting for over one-fourth
of the total 1959-61 decline.
The financial situation early in 1961
was highly favorable to an expansion in
mortgage credit as the recession had
reduced the demand for business loans,
and the supply of funds available to
financial intermediaries rose, owing to
an easing of the Government's monetary
and credit policy and the continued
flow of personal saving. This financial
ease, together with a number of other
measures which the Federal Government undertook early in the year to
stimulate the housing market were imResidential construction reverses
portant factors in the turn-around of
trend
housing activity in the second quarter.
For the year as a whole, work put in
Residential construction advanced by
place on residences slightly exceeded
almost $1/2 billion at an annual rate, in
$21 billion, showing little net change
the second quarter, of $1K billion in the
over the 1960 figure. It was still $2
third, and $1 billion in the fourth
billion below the postwar peak set in
quarter. This recovery raised output
1959.
to an annual rate of $23 billion (after
The year brought a reversal in the
seasonal adjustment) which was little
downward trend in home building which
short of the peak reached in the second
dated from the second quarter of 1959,
quarter of 1959.
and by the opening quarter of 1961 had
Housing starts during the final quarresulted in an 18 percent reduction.
ter averaged 1,360,000 units on an annual
basis, about the same as in the precedFEDERAL FISCAL POSITION
National Income Basis
ing quarter, although on a monthly
• Swing From Deficit to Surplus in First Half
basis December starts were reduced
Of Calendar 1962
from an unusually high October figure.
• Continuing Surplus During 1962-63
FHA figures on applications for mortgage
insurance for 1-4 family homes,
Billion $
120
which lead construction activity, were
particularly encouraging having reached
a level of 300,000 units (seasonally
110
adjusted) in the fourth quarter, for
the first time in two years.
in the first quarter of last year their
outlays trended up moderately for the
balance of the year.
Capital expenditures for the railroads
were off significantly for the year and
there was some decline in investment
in other transportation industries as
the airlines slowed their build-up of jet
fleets. Public utilities' expenditures
continued generally strong, but the
recovery from a minor drop in the first
quarter of 1961 was not quite enough
to bring the total for the year above
that of 1960. Commercial outlays were
about the same as in 1960.
Inventory accumulation moderate
100
Expenditures
90
80
Receipts
70
60 I n n i i i I i i i I M i I i i i I i i i I i i i I i i i I i i i 11 i i
1956
58
60
62
64
Quarterly,
Seasonally Adjusted, at Annual Rate
Note.— Actual data through fourth quarter, 1961. Estimates,
for second half of fiscal 1962 and fiscal 1963 from
"The Budget of the United States for Fiscal Year
Ending June 30, 1963."
U.$, Department of Commerce, Office of Business Economics
62-2-5
Last year's rise in business inventories—$2 billion—was half that for
1960 ($4 billion), but, as indicated
earlier, the year-to-year change reflected
widely different movements within the
years.
Where 1960 had opened with heavy
accumulation, following settlement of
the 1959 steel strike, the first quarter
of 1961 was characterized by a liquidation which represented a continuation
of late 1960 developments. Reductions
were largely confined to the cyclicallysensitive durable goods producing and
distributing industries, and the largest
drop occurred in finished stocks of autos
held by retail dealers, as auto maim-
SURVEY OF CURRENT BUSINESS
February 1062
facturers cut back production more
sharply than auto sales had fallen off.
In the nondurable goods manufacturing
industries, inventories continued to
expand, and soft-goods inventories in
trade remained virtually unchanged.
As auto sales improved in the spring
months, producers increased output
sharply. There was some rebuilding
of stocks at plants and distribution
outlets, and the shift from heavy liquidation to moderate accumulation contributed more than $4 billion to the
second quarter rise in GNP. A similar,
though smaller, shift from liquidation
to accumulation in non-automotive
trade channels also contributed appreciably to the second quarter recovery.
Inventory demand continued as a
positive factor during the second half
of the year as business continued to
build up stocks at a pace somewhat
above the $3 billion rate of the initial
recovery quarter. Their contribution
to increased output in this period
diminished after the initial spurt.
Stocks of durable goods producers,
other than autos, ended their sharp
declines by the end of the summer and
started up again, accounting for most
of the ensuing inventory advance.
The inventory buildup by the close
of the third quarter erased the brief
liquidation t h a t had occurred earlier,
and stocks moved above their 1960
year-end level. However, as final purTable 2.—Federal Receipts and Expenditures in the National Income Accounts,
1961-1963
( Fiscal years, billions of dollars)
1901
actual
Receipts:
Personal tax and nontax
receipts _ _ _ _ _ _ _ .
Corporate profits tax accruals.
Indirect business tax and
nontax accruals
Contributions for social insurance
Total
Expenditures:
Purchases of goods and
services
National Defense
Other. _
Less Sales
Transfer payments
Grants-in-aid to State and
local governments
Net interest paid
Subsidies less current surplus
of government enterprises- Total
Surplus ( + ) or deficit ( — ) .. _ ._
1902
estimate
1903
estimate
42.9
20. 1
40. 7
24. 6
13 6
14 5
15 3
18. 1
94 8
19. 8
105 6
21.8
116 3
54. 6
4ft 8
8.3
6
25.7
60. 2
51.6
9.2
6
27 8
64. 2
54 7
10 1
6
29 4
6 4
6.9
7 0
6. 6
6 9
3.3
97.0
4.5
106. 1
3.7
111. 9
-2.2
— 0. 5
+4.4
51.7
27. 5
Sources: "The Budget of the United States for the Fiscal
Year Ending June 30, 1963"; Office of Business Economics,
Department of Commerce.
chases (GNP less inventory changes)
had held up well in the brief recession,
and expanded further with the recovery,
inventory-sales ratios in most industries
at the close of the year were still somewhat low.
ROLE OF GOVERNMENT
PROGRAMS
The Federal Government played a
major role in the economic recovery of
last year. A swing in the Federal
fiscal position, on a national income and
product basis, from a $8% billion surplus in 1960 to a $4 billion deficit in
1961, was an important factor in supporting production and income during
the recession and in the subsequent
resumption of their upward trend. As
the recovery progressed, the deficit
narrowed from a recession high of
$5K billion in the first quarter of 1961
to an estimated $2 billion in the closing quarter.
Total Federal receipts were almost
$2 billion higher than in 1960, while
Federal expenditures exceeded the 1960
total by slightly over $9 billion. The
recovery of corporate profits and higher
personal incomes accounted for about
half the rise in receipts. Corporate
profit tax accruals and personal income
taxes each rose by around S 1 ? billion.
Increases in social insurance contributions, reflecting growing earnings
and the effect of the previous year's
tax rate increase for old age, survivors
and disability insurance for the selfemployed, made up the remaining half
of the gain in Federal receipts.
Major factors in the rise in Federal
expenditures, from $93 billion in 1960
to $101/4 billion in 1961, were increases
in purchases of goods and services,
which were up by $4/4 billion, and in
transfer payments, which were $3]2
billion higher than in 1960. Smaller
increases were recorded in other areas
of government spending with the exception of interest payments which
declined $]/2 billion.
The rise in Federal purchases reflected
primarily stepped-up defense expenditures. Outlays for national security
exceeded the 1960 total by over S31*
billion as military assistance to foreign
nations was the only defense category
to register a decline. Defense De-
partment procurement of military hard
goods was up by about $2 billion and
increases in military payrolls, particularly after the October call-ups, accounted for $% billion of the rise.
Expenditures for space exploration activities, totaling almost $1 billion for
the year, continued to rise rapidly,
while atomic energy, stockpiling and
defense production expansion program
costs remained virtually unchanged.
Higher outlays for the modernization of the Federal airways system and
the development and conservation of
land and water resources accounted
primarily for the $/2 billion increase in
non-defense purchases. Although 1961
was a favorable year for crop yields,
there was little change in the volume
FEDERAL GOVERNMENT EXPENDITURES
Purchases of Goods and Services Increased
Faster Than Other Outlays During 1961
Defense Spending Rose 1 3 Percent
During the Year
Billion $
110
TOO
90 -
80 -
0 I 4
I. f I i J-..I I
1956
57
58
59
60
6)
62
Quarterly, Seasonally Adjusted, at Annual Rates
U.S. Department of Commerce, Office of Business Economics
62-2-6
SURVEY OF CURRENT BUSINESS
8
of loans and inventories held by the
Commodity Credit Corporation. This
was the result of a shift in the CCC's
activities away from direct price support operations to programs designed
to reduce output through the withdrawal of land from production.
Federal government outlays, aside
from expenditures for purchases of
goods and services, rose by $4)9 billion,
with about $1 billion of this increase
going for subsidies under the new
CCO programs. Payments under the
old age, survivors and disability insurance program rose by $1/2 billion as
Congressional action extended coverage
and liberalized benefits. Unemployment benefits, under the impact of the
recession, rose by over $1 billion, with
Table 3.—Relation of
Fehriuu-v 1962
billion each for construction, and supply
and equipment expenditures and a
smaller rise in transfer payments—mainly for public assistance—accounted
for the remainder.
Although State and local receipts
continued to rise, largely because of
higher indirect business tax accruals,
their growth did not match that of
expenditures, resulting in a deficit of
about $2K billion for the year. In 1960
State and local government expendiNon-Federal government purchases tures had exceeded receipts by just
in steady rise
under $!}£ billion.
Expenditures of State and local govPurchases of goods and services of
ernments rose by about $4/2 billion. all government units, Federal, State
Much of this rise, $2}o billion, resulted and local combined, rose from $100
from higher outlays for employee com- billion in 1960 to $108'% billion in 1961.
pensation. Increases of close to $1 With GNP rising by $17 billion over
the same period, government demand
Federal Government Receipts and Expenditures in the National
accounted for one-half of the year-toIncome Accounts to the Budget
year
increase in overall demand for the
(Fiscal years, billions of dollars)
Nation's output of goods and services.
about $/2 billion accounted for by payments under the temporary extended
unemploy i n en t com pe 11 sat ion program,
State and local governments received
$K billion more in Federal aid than
during the preceding year. Slightly
under half of this increase was for construction, and slightly over half for
the Federal-State public assistance programs including the new temporary aid
program for dependent children of
unemployed parents.
1961
actual
1962
estimate
1963
estimate
1963
RECEIPTS
Budget receipts
77 7
82 1
4.2
1
23. 8
4.0
.1
24. 5
97 *
102.6
116.6
1 1
10
1. 7
11
Adjustments for timing:
Plus: Excess of corporate tax accruals over collections; personal taxes, social insurance contributions etc
-1 3
3.5
,8
Adjustments for capital transactions: !
Less: Realization upon loans and investments, sale of government property, etc.
1.5
94. 8
105.6
116.3
81.5
89.1
92.5
4 2
3 9
.8
23 2
4 0
.1
25. H
99.5
111.1
114.8
Less: Intrago vernmental transact ions
_.
Receipts from exercise of monetary authority
Plus: Trust fund receipts
„
,
_ __,
Equals: Federal receipts from the public (consolidated cash receipts)
Adjustments for agency coverage:
Less" District of Columbia revenues
Equals: Receipts — national income accounts
93 0
(at
39
.3
Adjustments for netting and consolidation:
Plus: Contributions to Federal employees' retirement funds, etc.
Less' Interest, dividends and other earnings
1.7
.
1.3
EXPENDITURES
Budget expenditures
_
.
_
.
_
Li\ss- Intragovernmental transactions
Accrued interest and other non-cash expenditures (net) . _ _ .
Plus' Trust fund expenditures
Government-sponsored enterprise expenditures (net)
.
.. -
Equals: Federal payments to the public (consolidated cash expenditures)
Adjustments for agency coverage:
Less' District of Columbia expenditures
.
.
8
3
.3
.4
.4
Adjustments for netting and consolidation:
Plus* Contributions to Federal employees' retirement funds, etc
Less' Interest received and proceeds of government sales
1 7
.6
1.7
1.0
17
Adjustments for timing:
Plus: Excess of interest accruals over payments on savings bonds and Treasury
bills
Excess of deliveries over expenditures and miscellaneous items 2 _
Less: Commodity Credit Corporation foreign currency exchanges. .
.5
1.0
.5
.1
1.1
.8
1.0
Adjustments for capital transactions: '
Less: Loans — FNMA secondary market mortgage purchases, redemption of IMF
notes, etc
Trust and deposit fund items
Purchase
of
land
and
existing
assets
- .
- -.
-Other 3
1.3
4
.1
13
3.7
1.0
.1
2.5
1.0
.1
97.0
106. 1
Equals' Expenditures—national income accounts
1.0
.6
111.9
a. Less than $50 million.
1. Consist of transactions in financial assets and liabilities, land and secondhand assets. Acquisition of newly produced
tangible assets are included in expenditures for goods and services as denned in the national income and product accounts.
2. Includes net change in Commodity Credit Corporation guaranteed non-recourse loans and increase in clearing account.
3. Commodity Credit Corporation inventory valuation adjustment.
sources: "The Budget of the United States for the Fiscal Year Ending June 30, 1963," and Office of Business Economics,
U.S. Department of Commerce.
Federal Budget Provides
for Larger Purchasing
As in the past year, the major upward impetus in Federal expenditures
in the near-term is to come from higher
defense requirements as indicated in
the Budget for Fiscal 1963 presented to
Congress last month. A translation of
the Budget into national income and
product account terms is summarized
in table 3.
The projected increases in Federal
expenditures would imply a rise for calendar year 1962 of roughly $7K billion
over the 1961 level
Higher outlays for purchases of goods
and services would account for about
three quarters of this rise. In addition,
transfer payments would increase substantially under the impact of last year's
liberalization of benefits paid under the
old age, survivors and disability insurance program and the normal growth in
such payments.
Federal aid to State and local governments would also rise, partly becaust
of higher highway construction anc
public assistance outlays under existing
legislation, and partly because of pro
posed aid to education legislation
Interest charges are projected to bt
somewhat higher with last year's growtl
in the national debt and the recent trenc
toward higher rates. The new legis
SURVEY OF CURRENT BUSINESS
February 1D62
lative proposals if enacted would reduce
farm price support costs substantially,
and enactment into law of the proposed
increases in postal rates would reduce
expenditures in the "subsidies less
surplus of government enterprises"
category of the national income accounts by almost $% billion.
STATE AND LOCAL GOVERNMENT
EXPENDITURES
for corporation income and excise taxes,
scheduled to decline or be discontinued
on July 1, 1962. The tax reform proposals presented in the Budget are
calculated to have no net effect on total
revenues. Social insurance contributions, under a statutory rate increase,
for OASI and a temporary increase in
the Federal unemplo37raent tax, will
rise appreciably.
National Income Pattern
Fluctuates With GNP—Shares Show Cyclical Swings
THE sequence of recession, recovery,
and expansion described earlier may
also be traced on the income side of the
national
accounts. From the firstBillion $
quarter
low
point of $412 billion,
70 |
national income rebounded to a new
high of almost $450 billion in the closing
quarter of the year. The 9 percent
expansion over the last three quarters
was sharper than that in either the
1954-55 or the 1958-59 recovery period;
and the advances that marked the
Total Purchases
second and fourth quarters ranked
of Goods & Services
among the largest gains in dollar
volume since World War II.
30
On an annual basis, 1960-61 increases
Compensation, Equipment,
in income and its components were
& Supply Purchases, etc.
moderate as the down phase of the
20
cycle stretched across the two years.
National income rose $13 billion, or 3
10
percent from 1960 to 1961 to a record
.Y.Y.Y.\Y.Y.Y.Y.Y Y Construction XY!Y!Y!Y!Y/!Y!Y'.Y'.'
$430 billion.
Employee compensation, which accounts
for the largest part of national
62
1956 57
58
59
60
61
income,
also increased 3 percent, conQuarterly, Seasonally Adjusted, at Annual Rates
tributing two-thirds of the gain in total
&S, Department of Commerce, Office of Business Economics
62-2-7
income. Nearly all of this increase
reflected higher rates of pay, as there
Receipts, as estimated in the Budget, was little net change in either average
would rise faster than expenditures, employment or hours of work. In
thus eliminating the fourth quarter private industry, increased hourly pay
1961 deficit of $1 billion during the first more than offset a sizable reduction
half of the year and producing a surplus, in employment, and ernplo^yee compenon national income and product ac- sation was up a little over 2 percent.
In government, average earnings and
count, in the fiscal year 1963.
increased
employment
contributed
Budget economic assumptions
about equally to a 7 percent advance in
The economic assumptions underly- total compensation.
A sizable decline in corporate profits
ing the 1963 Budget estimates postulate
the following increases for the calendar in the opening quarter held l the year's
year 1962 over 1961: $49 billion for increase to $1 billion, about 2 /2 percent.
gross national product, to $570 billion; Most other types of income advanced
$10X> billion for corporate profits, to moderately.
$56% billion; and $31 billion for perThe comparatively small increases in
sonal income, to $448 billion.
profits and employee compensation
The Budget assumes that legislation from 1960 to 1961, obscure the sharp
will be enacted extending present rates changes, particularly in the former,
1961 State and Local Government Outlays
Were Up $4 1 /2 Billion Over 1960 With a
$2 1/4 Billion Rise in Employee Compensation
9
in the course of the economic recession and recovery of the past two
years. (See chart below.) Corporate
profits declined by $7/2 billion or nearly
one-sixth from the first-quarter 1960
cyclical peak to a low of $40 billion in
the opening 1961 quarter. Conversely,
they rose about 30 percent over the
next three quarters of business recovery.
In contrast, employee compensation
eased off 1 percent from the summer
quarter of 1960 to the first quarter of
1961 and rose 7 percent during the
SHARES OF NATIONAL INCOME
Rise With Recovery
Profits Have Lagged in Recent Years
Billion $
325
LABOR INCOME
300
V
625025°—
62 -- 2
275
250
225
75
i
I I I I I I
I I t
I I I I
PROFITS BEFORE T A X E S
50
25
0 1 t ! i I i ( I { [ t i I ! i i 1 i ! i
125
i i
OTHER INCOME
TOO
75
50Li_J_i_
1957
58
59
60
61
62
Quarterly, Seasonally Adjusted, at Annual Rale
U.S. Department of Commerce, Office of Business Economics
62-2—9
SURVEY OF CURRENT BUSINESS
10
remainder of the year. These contrasting movements are essentially what
we have come to expect in the decline
and recovery phases of a short cycle.
Corporate profits
A drop of $3 billion in corporate
profits accounted for most of the $4
billion decline in national income in the
year's opening quarter. A sharp rise
of $5/9 billion in the second quarter
was followed by an increase of only
$1% billion in the summer months.
While data for a fourth quarter estimate
are not yet available, fragmentary
reports and correlative information
indicate that the profits increase approximated that of the second quarter.
This would put fourth quarter profits
above the postwar peak of the second
quarter of 1959.
PROFIT MARGINS WIDEN in Recent Quarters
Along With Cyclical Advance
Percent
30
PROFITS* AS PERCENT OF INCOME
ORIGINATING IN U.S. CORPORATIONS
20 i-
10
1953
55
57
59
61
y
Before tax, and including inventory valuation
adjustment
Mote; Based on seasonally adjusted data
iUiSi Department of Commerce, Office of Business Economics
62-2-10
Though corporate earnings are only
about one-tenth of national income,
they have accounted for one-third of
the quarterly movements in the aggregate during 1961. This volatility is,
of course, a consequence of the residual
character of this income component,
as well as of the fact that the corporate
form of activity is dominant in those
industries that are particularly sensitive
to cyclical fluctuations.
As noted in last year's annual review, it was evident that increases in
corporate costs had been outrunning
advances in output and that profit
margins were declining as the cvclical
peak in business activity was reached.
As shown in the chart, this development
was intensified as corporate output
declined substantially in the fall and
winter quarters of 1960-61. With the
upturn in production in the spring quarter, profit margins of corporations
improved sharply. By year-end they
had regained the ground lost in the
1960-61 recession and approximated
their highs of recent years, though they
were still well below the high points
of the last decade.
February 1062
the final quarter of 1961 were also
nearly 10 percent higher than in the
third quarter of 1960. Most of this
advance came from employment gains,
although higher average pay contributed. Employment
increases reflected mainly a continued strong
expansion in State and local government activities—particularly in public
education—and in the final quarter, a
build-up in military strength.
Enterpreneurial incomes rise
Proprietors' income were up $1%
billion, with farm income accounting
Employee compensation accounted for half of the rise. Net interest also
for over one-half of the expansion in expanded by a similar amount as the
national income during the last three volume of interest-bearing debt rose.
quarters of 1961. The volume of pay- Rental income of persons showed little
roll and other employee benefits at change through the year.
yearend was $20 billion higher than the
(Text continued on p. 14)
first-quarter low, and $17 billion above
the prerecession high. Two basic de- BUSINESS LOAN Demand Moderate
velopments underlie changes in this
income share—recovery from the busi- Billion $
ness decline and some long-term growth 35
trends.
The first of these—recovery—acCommercial &
counts for most of the increase in
Industrial Loans
earnings of manufacturing employees, 30 which was the largest single element in
the rise in total employee compensation.
Seasonally Adjusted
The bulk of the recent improvement in
earnings of factory workers—parti- 25 1 I I I I i I I i I I I I I
cularly those in durable goods indusBANK RESERVE Position Easy
tries—stemmed from gains in employment and in the length of the work
week as employees previously laid off
were rehired and work schedules
lengthened. In spite of the strong
cyclical recovery of recent months,
December 1961 factory employment
was still below the prerecession peak of
1960.
Compensation of factory workers in the final quarter of 1961 was
little changed in volume from that of
the peak 1960 quarter.
INTEREST RATES Stable
In the distributive industries, which
Percent
Yield
are less affected by changes in the
volume of commodity output, payrolls
showed but a small decline in late 1960 10
Corporate Bonds Aaa
and early 1961, and by the fourth quarter were running 3 percent above their
1960 high. In the service industries,
Prime Commercial Paper
I i I I I I I I I I I i I | |
the recession merely slowed the rate
1957
58
59
60
61
62
of growth, and late in 1961 payrolls
* Series revised June 1959
were 8 percent above their best 1960 * * Equal to excess reserves less borrowings
quarter.
at Federal Reserve Banks
Earnings of government workers in U.S. Department of Commerce, Office of t
62-2-8
Employee compensation
SURVEY OF CURRENT BUSINESS
February 1962
11
Gross National Product
1959
Line
1960
1961
IV
I
II
1961
1960
1961
1960
III
IV
1959
1960
1961
IV
I
II
III
IV
Seasonally adjusted at annual rates
1
2
3
4
5
6
7
8
9
10
11
12
13
14
1.5
16
17
IS
19
20
22
Gross national product
_
_ _
Gross private domestic investment
_
New construction
Producers' durable equipment ..
Change in business inventories
__ _
Net exports of goods and services- _ .
Government purchases of goods and
services
_ __ _
National defense
Other
Less: Government salesState and local
328.9
_. , _.
1
3
4
6
Gross national product
Personal consumption expenditures _
Durable goods __
Nondurable goods
Services
_-
Gross private domestic investment
New construction..
8
9
10
11
12
13
14
15
16
17
18
19
. ._ _
Residential nonfarm _
Other
Producers' durable equipment
Change in business inventories
Nonfarm
Farm
Net exports of goods and services
Exports
Imports
Government purchases of goods and services _ _
.
Federal
State and local
332.3
500.8
330. 7
120.5
128.8
129.9
142.2
348.4
339.0
89.4
79.0
83.2
83.3
93.6
45.5
158.1
144.9
43.5
147.3
123.2
44.3
152.4
132.2
42.3
155. 5
141.2
12.6
43.3
33.5
8.9
35.4
34.8
10.6
37.6
35.0
9.8
37.9
35.6
13.1
44.7
35.9
72.4
69.6
16.5
-14.8
17.6
18.5
18.7
40.7
41.7
10.5
8.5
10.7
11.5
11.0
21.1
19.6
21.2
20.5
5.2
5.2
3.9
4.6
5.6
5.1
6.0
5.5
5.7
5.3
76.6
72.4
43.3
40.2
42.0
154.1
139.9
72.4
72.4
69.6
65.6
59.8
68.8
73.2
39.6
521.3
328.9
336.1
39.4
153.7
137.5
40.7
504.4
341.0
43.8
153. 1
135.4
41.7
482.8
314.0
525.8
42.3
155.5
141.2
40.7
542.2
516.1
44.3
152.4
132.2
41.3
42.7
133.0
22.3
17.9
21.1
19.6
21.2
20.5
20.5
20.2
19.3
20.4
20.6
20.7
22.1
20.6
23.0
20.3
22.3
17.9
25.9
6.3
27.5
4.2
25.7
2.2
26.7
-1.9
24.2
-4.0
24.7
2.8
26.0
4.5
28.0
5.3
25.9
6.3
27.5
4.2
25.7
2.2
7.1
-1.1
5.5
.8
6.6
.3
6.1
.9
7.5
.2
6.2
.1
4.0
.3
1.8
.3
-2.2
.3
-4.3
.3
2.4
.4
4.1
.4
5.1
.2
6.2
.1
4.0
.3
1.8
.3
-1.2
.1
.8
.1
.2
.1
.8
.1
.1
.1
3.0
4.0
5.1
5.3
3.9
2.6
4.0
-.7
3.0
4.0
1.6
1.3
1.0
.3
1.3
23.1
23. 8
26.7
23.6
27.4
23.4
27.6
22.4
27.6
22.3
26.4
22.5
27.0
24.3
28.5
24.5
23.1
23.8
26.7
23.6
27.4
23.4
7.1
5.5
6.7
5.4
6.8
5.7
6.5
6.2
7.4
6.1
97.1
100.1
108.7
101.6
105.0
107. 3
109.0
113.2
97.1
100.1
108.7
25.6
25.4
27.1
27.8
28.6
53.5
52.9
57.3
53.0
54.7
56.6
57.4
60.0
53.5
52.9
57.3
13.2
13.6
14.3
14.6
15.0
46.2
7.8
.5
45.5
8.0
.6
49.2
8.6
.6
45.7
7.9
.6
47.2
8.0
.5
48.8
8.3
.5
49.0
8.9
.6
51.7
9.0
.7
46.2
7.8
.5
45.5
8.0
.6
49.2
8.6
.6
11.3
2.0
.1
11.8
2.0
.1
12.3
2.1
.1
12.2
2.6
.1
12.8
2.3
.2
43.6
47.2
51.4
48.6
50.3
50.6
51.6
53.2
43.6
47.2
51.4
12.4
11.8
12.8
13.2
13.6
Implicit price deflators for seasonally adjusted GNP, 1954=100
GNP in billions of 1954 dollars
428.4
440.8
448.8
438.4
433.2
445.5
451.8
464.6
112.7
114.4
116.2
115.1
115.6
115.8
116.4
116.7
289.3
298.3
303.6
299.6
297.0
301.6
305.0
310.8
108.6
110.3
111.7
110.9
111.3
111.4
111.8
112.1
41.0
138.8
109.5
41.8
141.8
114.7
40.1
143.6
119.9
41.6
141.3
116.6
37.6
141.6
117.8
39.8
142.6
119.2
39.9
144.5
120.6
43.1
145.9
121.9
106.3
106.1
112.5
106.1
107.5
115.2
105.5
108.3
117.8
105.2
108.3
116.1
104.9
108.5
116.8
105.7
108.1
117.4
105.9
108.2
118.1
105.6
108.3
118.9
61.1
60.6
57.7
54.9
49.6
57.3
60.4
63.5
34.3
33.9
34.4
33.9
32.9
34.1
35.1
35.6
117.4
119.8
121.1
120.0
120.3
121.0
121.7
121.5
19.4
14.8
18.0
16.0
18.1
16.4
17.5
16.4
16.5
16.4
17.6
16.6
18.7
16.4
19.5
16.2
114.9
120.7
117.1
122.8
117.5
125.2
116.9
123.4
116.6
124.1
117.2
125. 0
118.0
125.9
117.9
125.8
21.3
5.5
22.7
4.0
21.2
2.1
22.1
-1.1
19.9
-3.2
20.3
2.9
21.4
3.9
23.1
4.7
121.5
121.5
121.4
120.8
121.6
121.5
121.5
121.0
5.6
-.0
3.8
.2
1.7
.3
-1.3
.2
-3.5
.3
2.4
.4
3.5
.4
4.5
.2
103.9
98.1
105.2
100.0
107.3
99.4
105.6
99.4
107.1
99.5
107.8
99.5
107.1
99.3
107.0
99.3
1.7
2.0
3.5
3.3
1.9
.6
2.0
22.2
24.3
55.3
23.6
25.5
23.5
26.1
22.6
25.7
22.4
24.5
22.6
25.2
24.5
26.7
24.7
80.1
80.2
85.5
80.3
83.3
84.7
85.7
88.3
121.3
124.8
127.1
126.5
126.1
126.6
127.1
128.2
43.9
36.2
42.3
38.0
44.9
40.6
41.6
38.7
43.1
40.2
44.7
40.0
45.0
40.8
46.8
41.4
122.0
120.3
125.2
124.2
127.5
126.7
127.4
125.6
127.0
125.1
126.8
126.4
127. 6
126.6
128.1
128.4
-2.1
_
339.0
504.5
43,5
147.3
123.2
TABLE 5.— GROSS NATIONAL PRODUCT
IN CONSTANT DOLLARS, AND IMPLICIT PRICE DEFLATORS (1-5, VII-3)
2
521.3
42.3
156.2
142.4
— . 7.
Exports
Imports
Federal
504.4
40.2
Residential nonfarm
Other _
Nonfarm
Farm
482.8
314.0
Personal consumption expenditures
Durable goods
Nondurable goods
Services
Billions of dollars, unadjusted for seasonal variation
Billions of dollars
TABLE 4.— GROSS NATIONAL PRODUCT
(1-3, 1-4)
TABLE 6.- GROSS NATIONAL PRODUCT
BY MAJOR TYPE OF PRODUCT (1-6, 1-7)
Billions of 1954 dollars, seasonally adjusted at annual rates
Billions of dollars seasonally adjusted at annual rates
1
Gross national product
482.8
504.4
521.3
504.5
500.8
516.1
525.8
542.2
428.4
440.8
448.8
438.4
433.2
445.5
451.8
464.6
2
3
Final sales
Inventory change..
476 5
6.3
500.2
4.2
519.1
2.2
506.4
-1.9
504.8
-4.0
513.2
2.8
521. 3
4.5
537.0
5.3
422.9
5.5
436.8
4.0
446. 7
2.1
439.5
-1.1
436.5
-3.2
442.6
2.9
447.9
3.9
549.9
4.7
250.3
244. 0
6.3
94.9
91.3
3.6
155.4
152. 8
2.6
176.2
56.2
258.5
254.3
4.2
96.7
94.3
2.5
161.8
160. 0
1.8
189.3
56.6
259. 0
256.8
2.2
92.8
92.7
.1
166.1
164.1
2.0
203. 6
58.8
252.8
254.6
-1.9
89.5
93.4
-3.8
163.2
161. 3
2.0
194. 6
57.2
245.7
249.7
-4.0
81.6
87.4
-5.8
164.1
162. 3
1.8
197.9
57.2
257.1
254.3
2.8
90.9
91.2
261.4
256. 9
4.5
96.1
92.6
3.5
165.3
164.3
1.0
205.1
59.2
271.6
266.3
5.3
102.6
99.6
3.1
168.9
166.7
2.2
210.0
60.7
228.6
223.1
5.5
82.9
79.8
3.1
145.7
143.3
2.4
151.7
48.1
234.6
230.6
4.0
84.7
82.4
2.3
150. 0
148.3
1.7
158.7
47.5
233.6
231.5
2.1
80.9
80.9
.1
152.7
150.7
2.0
166.2
48.9
228.9
230.0
-1.1
79.0
82.0
-3.0
149.8
148.0
1.9
161.6
47.9
221.9
225.2
-3.3
71.4
76.5
-5. 1
150.5
148.7
1.8
163.2
48.0
232.5
229.7
2.9
79.4
79.6
o
235. 4
231.6
3.9
83.5
80.5
3.0
151. 9
151. 0
.9
167.1
49.2
244.6
239. 8
4.7
89.4
86.8
2.6
155. 2
153.1
2.1
169.8
50.3
4
5
6
7
8
9
10
11
12
13
14
..
Goods output ._
Final sales
Inventory change
-_
Durable goods output
.
Final sales
Inventory change. _. ._ ., ..
Nondurable goods output . Final sales
Inventory change
Services
Construction
.. .._
o
166.2
163.0
3.2
201.1
57.9
153.2
150.0
3.1
164.7
48.3
SURVEY OF CURRENT BUSINESS
12
February 1062
Personal, Government, and Foreign Transactions on GNP Accounts
[Billions of dollars]
1960
1959
Line
1960
1961
IV
1960
1961
I
II
III
IV
IV
Seasonally adjusted at annual rates
1961
I
II
III
1 IV
Unadjusted for seasonal variation
TABLE 7.—PERSONAL CONSUMPTION EXPENDITURES BY MAJOR TYPE (II 6, II 7)
I
2
3
4
5
6
7
8
9
10
11
12
13
14
15
Goods and services, total
Durable goods, total
Automobiles and parts
Furniture and household equipment
Other
Nondurable goods, total
Food and beverages
Clothing and shoes _
Gasoline and oil
Other
. _
Services, total
.
Housing
Household operation
Transportation. _ _
Other
_
-_
332.3
330.7
336.1
341.0
348.4
89.4
79.0
83.2
83.3
93.6
43.8
39.4
42.0
42.3
45.5
12.6
8.9
10.6
9.8
13.1
14.8
17.8
68
16.7
18.3
7 0
16.4
18.8
7 0
19.3
19.1
7. 1
4.5
5.4
2.6
3.7
3.9
4.6
4.4
3.8
4.6
4.8
13
16
15
153.7
154.1
156.2
158.1
43.3
35.4
37.6
37.9
44.7
81 4
27.6
11 7
33.4
81 9
28.6
11 8
33.9
82 7
29.5
11 8
34.0
20 8
19 1
20 4
21 0
21 3
29
10.3
2 6
31
31
7.6
10.7
137.5
139.9
142.4
144.9
33.5
34.8
35.0
35.6
35.9
43.6
20 6
10.5
62 8
44.2
20 9
10.7
64 1
44.8
21.2
10.9
65 5
45.5
21.6
11.0
66 7
10.8
10.9
5 8
11.1
51
11.2
11.4
5. 4
15.1
15 6
16 1
16 7
10.4
n.a.
314.0
328.9
339.0
43.5
44.3
42.3
18.1
18.9
6 6
18.6
18.8
6 9
16.8
18.6
7 0
18.6
18.3
6 8
147.3
152.4
155.5
153.1
78 0
27.4
11 0
30.9
80 1
28.1
11.6
32.6
81 8
28.4
11 8
33.6
80 8
27.7
11 8
32.7
81 1
27.9
11 7
33.0
123.2
132.2
141.2
135.4
39.9
18.1
10.0
55.2
42.2
19.6
10.5
59. 9
44.5
21.0
10.8
64 8
43.1
20 0
10.5
61 7
9.3
5.0
2.6
5.8
7.8
2.5
6.6
7.6
2.8
6.3
4.8
2.8
5. 6
2. T
9.8
2.9
2.7
TABLE 8.—GOVERNMENT RECEIPTS AND EXPENDITURES (III-3, III-4)
1
2
3
4
5
6
7
Federal Government receipts
Federal Government expenditures
Purchases of goods and services
_ __
8
9
10
Transfer payments
To persons
Foreign (net)
11
12
13
Grants-in-aid to State and local governments . _
Net interest paid
Subsidies less current surplus of government enterprises- .
14
15
16
17
18
19
20
21
89.4
96.0
97.9
94.6
92.5
96.8
99.3
n.a.
21.1
23.2
27.1
24.4
39* 6
21.9
13.0
14.9
43.2
21.2
14.0
17.7
43.9
21.6
13.8
18.6
43.1
20.0
13.8
17.6
42.6
18.6
13.3
18.0
43.6
21.2
13.6
18.4
44.5
22.1
14.0
18.7
44.8
n.a.
14.5
19.3
9.3
5.1
3.6
3.1
10.1
12 8
11.3
3 2
35
34
n.a.
38
_
91.2
92.8
101.8
94.2
98.0
101.1
102.4
105.2
23.6
24.5
25.4
25.6
26.5
_
53.5
52.9
57.3
53.0
54.7
56.6
57.4
60.0
13.2
13.6
14.3
14.6
15.0
22 2
20.6
23 7
22.2
27.3
25.6
1.6
1.7
26 5
24.8
27 1
25 7
27 8
26 1
1.5
1.7
27 7
25 9
60
1.5
25 3
23.7
70
6 5
6 9
6 5
68
6 4
6 7
6. 3
6.6
6.4
2.6
6.1
7.0
2.9
6.6
6.5
4.1
6.0
7.0
2.9
7.1
6.8
3.0
6.8
6.6
4.0
6.4
6.4
4.5
6.4
1.7
1.8
1.0
1.5
1.5
1.9
4.6
17
16
1.0
1.7
1.6
.9
.4
—5.5
—4,3
—3.1
n.a.
—2 5
—1 3
17
—1 2
It E.
n.a.
12.6
12.4
12.9
13.2
n a.
8.3
1.7
.3
8.1
.8
2.0
2
7.9
.8
2.0
3
8.2
.8
1.9
3
8.4
.8
2. 1
na
15
15
1 7
Personal tax and nontax receipts
Corporate profits tax accruals
- ___
Indirect business tax and nontax accrualsContributions for social insurance .
-_
_.
Surplus or deficit ( — ) on income and product account
State and local government receipts
Personal tax and nontax receipts.
-Corporate profits tax accruals
Indirect business tax and nontax accruals
Contributions for social insurance
Federal grants-in-aid
_ . _
State and local government expenditures
_ _ _
22
23
24
25
Purchases of goods and services
Transfer payments to persons.
___
Net interest paid
Less* Current surplus of government enterprises
26
Surplus or deficit ( — ) on income and product account
1.6
— 1.8
3.3
46.5
49.2
52.4
49.7
51.4
51.9
52.4
6.4
1.2
7.2
1.2
8.0
1.2
8.0
31.6
33.3
7.7
1.0
7.8
29.6
7.4
1.1
2.7
6.6
_
1.6
3.0
6.1
-3.9
3.3
6.6
1.8
6 5
32.1
32.4
12
32.9
12
33.5
na
34.4
60
7 1
68
6 4
6 4
3.2
3.2
3.3
3.3
0
0
5.7
.3
17
4.5
5.5
.4
.7
5.4
5.4
.4
5.4
4.3
.4
9.9
3,4
.4
16
1.4
8.7
.8
1 9
46.9
50.6
55.0
52.0
53.8
54.2
55.3
56.8
13.3
12.7
13.7
14.1
14.5
43.6
47.2
51.4
48 6
50 3
50 6
51 6
53 2
12 4
11 8
12 8
13.2
13 6
2 5
2 5
2 6
2 7
2 7
1.3
.2
6
-2.9
n.a.
— .7
— .3
-.8
-1.0
n.a.
4.8
.7
2 2
5.1
.7
2 4
-1.4
.
5.4
.8
2 6
-2.6
5.1
.7
-2.3
5.3
.7
-2.4
5.4
.8
-2.3
5.5
.8
5.5
.8
1.3
2
6
1.3
.2
6
1.4
2
1.4
2
TABLE 9.—FOREIGN TRANSACTIONS IN THE NATIONAL INCOME ACCOUNTS (IV-2, IV-3)
1
Receipts from abroad
23.1
26 7
27.4
27 6
27.6
26.4
27.0
28.5
7.1
6.7
6.8
6.5
2
Exports of goods and services
23 1
26 7
27 4
27 6
27 6
26.4
27 0
28 5
7.1
6.7
6.8
6.5
23 1
26 7
27.4
27 6
27 6
26.4
27.0
28 5
7.1
6.7
6.8
6.5
7,
23 8
23 6
23 4
22 4
22 3
22 5
24 3
24 5
1.7
.9
1.8
2.2
5.5
.3
1.2
5 4
5 7
6.2
.4
-.1
6
3
4
5
6
Payments to abroad
Imports of goods and services
Net transfer payments by Government
Net foreign investment.
1.5
-2.3
1.6
1.5
1.7
2.3
1.6
3.6
1.6
3.7
1.5
2.4
.4
.9
.4
.7
i
SURVEY OF CURRENT BUSINESS
February 1062
13
National and Personal Income
[Billions of dollars]
i I960
1
1959 ; 1960 I 1961 1
Lin-
Ill
IV
1960 i 1961 I IV
Line
IV
,
I
! Seasonally adjusted at annual
rates
Seasonally adjusted at annual
rates
TABLE 10.—NATIONAL INCOME BY TYPE OF INCOME (1-9)
1
399.6 417.1 430.2 416. 5 412.2 426.0 434.3
National income
n.a.
2
Compensation of employees
278.4 293. 7 302.9 294.0 292.6 300.2 306.2 312.7
3
Wages and salaries
Private
Military
Government civilian..
258 5 271.3 279. 7 271.3 270.1 277.3 282.7 288. 7
213,2 223.0 227.8 221.6 219.7 226.0 230.7 234.7
9 9
9 9 10 4 10.0 10. 1 10. 1 10.2 11.1
35. 4 38.5 41. 5 39.7 40.3 41.2 41.9 42.8
4
6
g
0
1«)
11
12
13
H
15
16
Supplements to wages and
salaries
Employer contributions for
social insurance
Other labor income
Employer contributions
to private pension and
welfare funds
Other
20,0
22.4
23.2
22.7
22.5
22.9
23.4
24.1
9.7
10.3
11.5
10.9
12.1
11. 1
11.5
11.2
11.7
10.8
12.0
10.8
12.2
11.2
12.6
11.5
80
2 3
85
2 4
46.3
48.2
TABLE 13. -RELATION OF GROSS NATIONAL PRODUCT, NATIONAL INCOME,
AND PERSONAL INCOME (1-17, 1-18)
Less: Capital
allowances
3
Equals: Net national product. . 442.0 461.4 476.1 460.9 456.6 471.1 480.3 4%. 1
4
Less: Indirect business tax and
42.7 45.6 47.1 45.9 45.7 46.4 47.5
nontax liability
Business transfer pay1.8
1.8
1.8
ments. _
1.8
1.8
1.8
1.8
Statistical discrepancy. .. -1.7 -2.6 -1.5 -2.9 -2.6 -1.8 -1.5
5
6
Proprietors' income
Business and professional
Income of unincorporated
enterprises
Inventory valuation adjustment
Farm
49.6
36.5
49.0
36.3
48.9
36.0
49.2
36.3
49.4
36.6
Plus: Subsidies minus current
surplus of government
enterprises
8
Eq uals : Na tional income
9
Less: Corporate profits and inventory valuation adjustment
.
Contributions for social
insurance.Excess of wage accruals
over disbursements
35.0
36. 2
35 1
36 3
— i
11.3
— 1
12.0
13. 1
12.7
12.9
12.9
12.8
13.6
10
11.9
11.7
11.5
11.7
11.5
11.5
11.5
11.5
11
17
Rental income of persons
IS
Corporate profits and inventory
valuation adjustment
46.4
45.1
46.2
42.9
40.0
45.5
47.0
n.a.
12
19
20
Profits before tax _ . ._
Profits tax liability
Profits after tax
Dividends
Undistributed profits
46.8
23. 1
23.7
13.4
10,3
45.0
22.3
22.7
14. 1
8.6
46. 1
22.8
23.3
14.4
8.8
42.6
21. 1
21.4
14.3
39.6
19.6
20.0
14.2
5.8
45.2
22.4
22.8
14.2
8.6
47.2
23.3
23.8
14.3
9.5
n.a.
n.a.
n.a.
15.0
n.a.
13
22
23
24
25
.
Inventory valuation adjustment _
Net interest.
14
15
16
-.5
.0
.1
.3
.4
.3
-.2
-.3
16.6
18.4
20.0
18.9
19.2
19.6
20.2
20.7
consumption
7
50.8
37.2
482.8 504. 4 521.3 504.5 500.8 516.1 525. 8 542, 2
1 Gross national product
2
Plus: G o v e r n m e n t t r a n s f e r
payments to persons. _.
Net interest paid by
government
Dividends
Business transfer payments
40.8
43. 1
45.2
43.7
45.0
46. 1
48.9
1.8
n.a.
1.8
1.9
n.a.
.5
1.4
.5
1.4
45.5
399.6 417.1 430.2 416.5 412.2 426.0 434.3
.4
.5
44.2
46.4
45. 1
46.2
42.9
40.0
45.5
47.0
n.a.
17.6
20.7
21.9
20.8
21.2
21.7
22.0
22.6
.0
.0
.0
.0
.0
.0
.0
.0
25.4
27.3
31.0
28.8
30. 1
31.0
31.6
31.4
7. 1
13.4
7.8
14. 1
7.3
14.4
7. 7
14.3
7. 5
H. 2
7.3
14.2
7.2
14.3
7 2
15! 0
1.8
1.8
1.8
1.8
1.8
1.8
1.8
1.8
383.3 402.2 416.7 405.4 404.7 413.2 420.3 428.6
Equals : Personal income
TABLE 14.—PERSONAL INCOME AND ITS USE (II-2)
T A B L E 11.—NATIONAL INCOME BY INDUSTRY DIVISION
I
All industries, total
(1-11)
399.6 417.1 430. 2 416. 5 412.2 426.0 434.3
n.a.
1
2
2
Agriculture, forestry, and fisheries
18.2
n.a.
3
3
4
5
6
7
Manufacturing
119.6 121. 5 121.7 117. 5 113. 1 120.7 123. 6
Durable-goods industries
71. 5 72. 5 71. 7 69. 2 65.4 70.8 73. 1
Nondurable-goods industries_ 48.0 49.0 50.0 48.3 47.7 49.9 50. 5
Wholesale and retail trade
66.4 68.8 71. 1 68.5 68.2 70.8 72.0
Finance, insurance, and real
estate
40.1 42. 3 43. 5 42.8 42.9 43.3 43. 6
17.6 17 8 17 5 17.3 16.9 17.1 17. 6
Transportation
Communications and public
utilities-15.3 16.6 17.4 17.0 17.0 17.3 17.5
n.a.
n.a.
n.a.
n.a.
4
5
6
45 91 50 0
52 9
51 0
51 'A
52 0
53. 5
n.a.
49.0; 52.5
29 31 30 3
56. 5
31 2
54.0
30. 4
54.8
30. 0
55.8
31.0
56. 7
31.7
n.a.
n.a.
S
9
lo Services
11 - Government and government
enterprises
12 Other
16 3
17 2
18. 4
17.8
17.9
18.0
n.a.
n.a.
8
n.a.
9
10
11
TABLE 12.-NATIONAL INCOME BY CORPORATE AND NONCORPORATE
FORM OF ORGANIZATION (1-14)
1
2
3
4
5
6
7
%
9
10
11
12
National income
Income originating in corporate business
399.6 417.1 430.2 416,5 412.2 426.0 434. 3
219.8 226.5 230. 3 222.5 217. 5 228.5 233.5
n.a.
n.a.
Compensation of employees- 174.2 182.4 185. 4 180.8 178. 9 184. 2 187.6 190.8
Wages and salaries
160.2 166.9 169. 5 165.2 163.6 168.6 171.6 174.4
Supplements to wages and
salaries.
_ 14.0 15. 5 15.8 15.6 15.3 15.6 16.0 16.4
Corporate profits and inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Inventory valuation adjustment
Net interest
Income originating outside
corporate business.
u.d,—Not
available.
43.2
43.2
22.3
20.8
0
1.0
.8
44. 1
44.0
22.8
21. 1
^
.9
40.9
40.5
21.1
19.4
37.8
37.4
19.6
17.8
43 5
43.2
22.4
20.8
45.0
45.1
23.3
21.8
n.a.
n.a.
n.a.
n.a.
.3
.4
.3
—.2
—.3
.8
.8
.9
.9
.9
179.8 190.6 199,8 194.0 194.6 197.6 200.9 206.3
Wage and salary disbursements
258.5 271.3 279 7 271.3 270. 1 277 3 282 7 288 7
Commodity-producing industries ..
__. __ 107.2 110. 4 111.2 108.0 106. 1 110.7 112.8 115. 2
Manufacturing only
84.7 87.4 87.8 85.2 83.8 87.5 88.9 90.8
68.2 71.8 73.4 72.1 71.8 72.8 74.3 74.8
Distributive industries
Service industries
37.7 40.7 43.1 41.5 41.8 42.5 43.6 44. 7
45.3 48.4 51.9 49.7 50.4 51.3 52. 1 54.0
Government_
_.
10.3
10.9
11. 1
11.2
10.8
10.8
11.2
11 ft
Proprietors' income
Business and professional. _
Farm
46.3
35.0
11 3
48.2
36.2
12 0
49.6
36.5
13 1
49.0
36. 3
12 7
48.9
36. 0
12 9
49.2
36. 3
12 9
49.4
36. 6
12 8
50. 8
37. 2
13 fi
Other labor income
12
Rental income of persons
11. 9
11.7
11.5
11.7
11.5
11.5
11.5
1J . o
13
14
Dividends
Personal interest income
13.4
23.6
14.1
26. 2
14.4
27.3
14.3
26.7
14.2
26.8
14.2
27.0
14.3
27.4
15.0
28.0
15
16
Transfer payments
Old-age and survivors insurance benefits. .. _ _ _
State unemployment insurance benefits
Veterans' benefits _
Other. __
.
27 2
29.1
32. 9
30. 6
32.0
32.9
33. 5
33. 2
10.2
11.1
12.6
11.4
11.8
12.5
12.7
13. 4
2.5
4.5
10.0
2.8
4.6
10.6
4.0
4.8
11.5
3.8
4.6
10.8
3.8
4. 7
11.7
4.5
4.8
11. 1
4.0
4.8
11.9
3.8
4.8
11.3
17
18
19
20
Less: Personal contributions
for social insurance
7.9
9.3
9.7
9.3
9.5
9.7
9.8
10. 0
21
Less: Personal tax and nontax
payments
Federal
State and local _ . _
46.0
39.6
6.4
50.4
43.2
7.2
51.8
43.9
8.0
50.5
43.1
7.4
50.3
42.6
7.7
51.4
43.6
7.8
52.5
44.5
8.0
53. 1
44.8
8.3
22
23
44.6
45.0
23.1
21.9
383.3 402.2 416.7 405.4 404.7 413.2 420.3 428. 6
Personal income-.
24
Equals: Disposable personal
income . _
337. 3 351.8 364.9 354.9 354.3 361.8 367.7 375.6
25
Less: Personal consumption
expenditures
314.0 328.9 339.0 332.3 330. 7 336.1 341.0 348. 4
26
Equals: Personal saving
27
Addendum: Disposable personal income in constant
(1954) dollars
23.4
22.9
25.8
22.7
23.7
25.8
26.8
*,
310 6 319.0 326 8 320 1 318.4 324.8 329.0 335.0
SURVEY OF CURRENT BUSINESS
14
FINANCIAL MARKETS IN
1961
Saving, Profits, and Employment
1961
1960
Line
1959
1960
1961
IV
TABLE 15.— SOURCES AND USES OF GROSS
SAVING (V-2)
II
I
IV
III
Billions of dollars, seasonally adjusted at annual rates
1 Gross private saving-
74.0
74.6
79.9
73.9
74.0
79.7
81.6
na
2
3
4
5
6
23.4
10.3
-.5
40.8
0
22.9
8.6
.0
43.1
0
25.8
8.8
.1
45.2
0
22 7
7 2
.3
43.7
0
23.7
5.8
.4
44.2
0
25.8
8.6
.3
45.0
0
26.8
9.5
2
27.1
na
-.3
46.1
0
7
Personal saving
Undistributed corporate profits
Corporate inventory valuation adjustment^
Capital consumption allowance
Excess of wage accruals over disbursements.
Government surplus on income and product
transactions
8
9
10
Gross investment
11
12
13
-2.2
Federal
State and local
Gross private domestic investment
Net foreign investment
Statistical discrepancy
1
Ail industries, total .. ..
Manufacturing
3
4
.__
Durable-eoods industries. .
Nondurable-goods industries
5 Transportation, communications, and public
utilities
6
__
All other industries.
__ .._
-
-3.9
-2.6
70.1
73.9
71.9
72.4
-2.3
72.4
1.5
69.6
2.3
-1.7
-2.6
3
4
5
-6.0
na
-2^3
-2A
-4.3
-2.3
-3.1
-2.9
na
na
69.1
63.5
71.3
74.1
78.8
65. 6
3.6
59.8
3.7
68.8
2.4
73.2
.9
76.6
2.2
-2.9
-1.8
J
CJ
na
45.1
46.2
42.9
40.0
45. 5
47.0
na
24.8
23.3
23.0
21.6
18.8
22.3
23.6
na
13.2
11.6
12.0
11.3
11.6
11.4
10.7
10.9
8.5
10.4
11.2
11.2
12. 1
11.5
na
na
6.4
6.8
7.1
6.8
6.5
7. 1
7.3
na
15.2
15.0
16.0
14.6
14.6
16.1
16.1
na
45.1
46.2
11.0
9.5
li.8
11.5
na
46.8
45.0
46.1
10.9
9.5
11.6
11.6
na
23.1
23.7
22.3
22.7
22.8
23.3
5.4
5.5
4.7
4.8
5.7
5.9
5. 7
5.9
na
na
-.5
.0
.1
.1
.0
.2
-. 1
.0
46.4
_
Profits tax liability _.
Profits after tax
-6.6
Billions of dollars, unadjusted for seasonal variation
Corporate profits and inventory valuation adjustmentProfits before tax _
-7.9
46.4
(vn-is)
2
-1.5
-1.9
45^5
0
Billions of dollars, seasonally adjusted at annual rates
TABLE 17.— CORPORATE PROFITS AND
INVENTORY VALUATION ADJUSTMENT
i
-6.5
3.3
-1.4
TABLE 16.— CORPORATE PROFITS (BEFORE
TAX) AND INVENTORY VALUATION ADJUSTMENT, BY BROAD INDUSTRY GROUPS
(VI-10)
2
1.9
-1.8
4
. -.
Inventory valuation adjustment
na—Not available.
TABLE 18.—EMPLOYMENT, PAYROLLS, AND AVERAGE ANNUAL EARNINGS, BY MAJOR INDUSTRIAL
DIVISION (VI-2, VI-13, VI-15 [SUMMARY])
Number of full-time
equivalent employees
Wages and salaries
Data in
tllousands
Millions
of dollars
Line
1959
1960
1961
1959
I960
Average earnings per
full-time employee
Dollars
1961
Percent
change
1960
1961 1959-6C 1960-61
Treasury bill issues up
The 1960-61 swing from surplus to
deficit in the Federal budgetary position
was reflected in an increased pace of
Federal G o v e r n m e n t
borrowing.
Treasury debt management policies
helped swell the volume of liquid assets:
nearly all of the $7 billion increase in
Government obligations was in the
short-term issues, Treasury bills in
particular.
The increased issue of
short-term securities was purchased
principally by the commercial banking
56,717 57, 664 57, 584 258, 474 271,319 279, 704
4,557
4,705
4,857
3.2
3.2
2,070 3, 495 3,562 3,640
637 3,834 3, 832 3,718
2,845 15, 196 15,619 16, 080
1,683
5,540
5,254
1,729
5, 685
5,488
1,758
5,837
5,652
2.7
2.6
4.5
1.7
2.7
3.0
5
6
7
Manufacturing
Wholesale and retail trade
Finance, insurance, and real
estate
16.245 16. 364 15, 947 84, 720 87,411 87, 763
10,755 11,041 11, 006 46, 255 49, 073 50, 827
5,215
4,301
5, 342
4, 445
5, 503
4,618
2.4
3.3
3.0
3.9
3.6
8
9
Transportation
Communications and
utilities
Services
3
4
10
2,077
6/2
2,892
2,060
674
2,846
2,501
2, 593
2.652 11,789 12, 551 13, 295
4, 714
4,840
5,013
2 7
2,460
2,459
2,361 14, 183 14, 577 14, 270
5, 765
5, 928
(>, 044
2.8
2.0
1,438
7,587
1,445
7, 855
1,432 7,743 8,152 8,343
7, 965 25, 946 28, 176 29, 854
5, 385
3,420
5, 642
3,587
5, 826
3,748
4.8
4.9
3.3
4.5
4.1
3.9
public
11
Government l and government
enterprises
...
_
10, 070 10, 327 10, 669 45, 313 48, 366 51,914
4, 500
4, 683
4, 866
12
Addendum: All private industries
46, 647 47, 337 46,915 213, 161 222, 953 227, 790
All private nonfarm industries. __ 44, 722 45, 436 44, 997 210, 244 219, 997 224, 759
4, 570
4,710
4, 855
3. 1
3.1
4,701
4, 842
4, 995
3.0
3.2
13
1
Includes rest of the world.
The economic advance in the last
three quarters of 1961 was accompanied
by an increased rate of borrowing that
was accommodated with little rise in
interest rates (see chart on page 10)
as credit policy facilitated growth in
liquid assets.
The Federal Reserve kept conditions
easy throughout the year by engaging
in open market operations which, in
addition to offsetting the gold outflow,
supplied reserves sufficient to support
a $3/4 billion expansion in demand deposits and a $11 billion rise in time
deposits, while leaving net free reserves
unchanged at the $K billion level.
The liquidity of the economy was
further enhanced by Treasury debt
operations, which increased the supply
of short-term Federal securities.
Individuals stepped up the pace at
which they acquired bank deposits and
other fixed-value claims to $20/2 billion
during 1961 as compared with $12
billion the year before, while they
reduced the rate at which they purchased the direct marketable obligations
of governments and corporations. The
rise in bank deposits was particularly
sharp while the pace at which persons
acquired claims on nonbank financial
institutions was moderate. In general,
personal financial transactions were
important in easing short-term fund
markets during the past year as individuals' borrowing was weak in this
area. Also, the institutions receiving
the sharpest increases in the inflow of
personal funds were particularly active
in extending short-term credits.
1959
All industries, total
Agriculture, forestry, and fisheries
Mining
Contract construction
1
2
February
(Continued on p. 17)
RECOVERY AND EXPANSION OF THE ECONOMY IN 1961
2. Differential Behavior
of Major Markets
CONSUMER SPENDING ON NONDURABLES AND SERVICES
MOVES WITH INCOME
Billion 1961 $
Billion 1961 $
Constant Dollars-Ratio Scale
500
500
400
400
300
30O
200
200
150
150
Ratio
100
(arithmetic scale)
Ratio
100
Segment of sales varies directly with
buying power
90
90
80
80
70
70
60
60-
A large group of purchases is represented by consumer buying of nondurable goods and services—comprising
at the present time over 55 percent of
the GNP. As the chart on this page
shows, these purchases are relatively
stable and have moved upward in a
closely parallel fashion with real disposable income. As the bottom panel
of that chart shows, about 80 percent
RATIO OF NONDURABLE GOODS AND SERVICES TO D P I
50
1948
1950,.
1952
1954
1956
1958
I960
50
Quarterly Totals, Seasonally Adjusted, At Annual Rate
U.S.
THIS section focuses on the economic
tendencies over recent years by examining the differential performance of
the major sectors of demand. The
brief analysis illustrates the type of
basic data considered, which underlie in
part the Government proposals to stimulate investment, increase efficiency,
and lower costs.
The postwar expansion in output has
been great but progress has been
uneven, and interrupted by four recessions. In the first two, 1948-49
and 1953-54, the recovery forces
brought the economy back to a relatively
full-employment
condition.
Since 1957, however, these forces have
been less intense, resulting in a lag in
the upward march of the economy. In
fact, before the economy had fully
recovered from the 1958 recession,
another setback occurred in 1960.
Some insight into the factors which
have contributed to the lag in the full
recovery of economic activity in recent
years may be obtained by examining
the three accompanying charts, which
present consumer, business, and government demand patterns in constant
prices (1961) and so represent
essentially volume measures.
Department of Commerce, Office of Business Economics
62-2-12
15
16
of the disposable income goes for the
purchase of nondurable goods and
services, and this proportion has varied
but little in the past decade or more.
Not only have the fluctuations been
relatively small, but the growth rate of
these purchases has been practically
constant throughout the entire postwar
period—averaging 3% percent per year.
Thus, the relatively wide fluctuations
and the varying growth rates of total
output in the postwar period were due
to the shifting patterns of demand for
durable goods by both business and
consumers and for goods and services by
the Government.
More volatile purchases
Purchases by business of plant and
equipment, shown in the accompanying
chart, have fluctuated widely throughout the postwar period. The line is
determined from the relatively fullemployment years and makes clear the
lag in purchases in recent years.
In fact, the current rate of these
purchases is still below the peak
attained in the third quarter of 1957.
The weakness in this demand has been
an important contributing factor in the
sluggish growth of the GNP as a whole
in the recent period.
It is not the purpose in this brief
review to examine the reasons for this
lag in business fixed investment outlays.
Recognizing the importance of this
dynamic sector not only in helping to
lift the economy to a full-employment
level, but also in contributing to the
desirable objective of attaining faster
economic growth, the Government is
examining various types of incentives
designed to stimulate this demand,
particularly insofar as it results in a
more modern and efficient mix of productive equipment.
Purchases of durable goods by consumers, as is clear from the chart on
this page, have also been quite volatile,
and in recent years have shown no
tendency to expand, apart from the
recoveries following the 1958 and 1961
recession lows. These purchases are
dominated by automobiles. At the
moment, such demand is strong, but
in view of past significant shifts in this
demand, it is difficult to gage its course
SURVEY OF CTRRENT BUSINESS
over the long-term. The general lift of
the total economy would be salutary
here, but the pattern which will evolve
will depend on decisions by consumers
as to how they will use their current
incomes and the extent to which, by
borrowing, the\ r will supplement them.
Finally, residential construction has
also shown wide movements, and these
have been more pronounced relative
to those of plant and equipment and
February 1062
consumer durables. Currently there
is some lag in this demand, although it
is too early to tell ii the rise now
underway will match those in other
recovery periods. It is clear from the
chart that the extent of the rise from
the low point in each of the 1954 and
1958 recessions was smaller than the
recovery from the 1949 low point. This
type of demand has been influenced by
the status of our housing stock, govern-
DYNAMICS OF GROWTH-BUSINESS FIXED INVESTMENT
AND CONSUMER DURABLES
Wide Fluctuations in Postwar Period
Recovery Lag in Recent Years
Constant Dollars-Ratio Scale
Billion 1961 $
Billion 1961 $
Plant and Equipment Expenditures,
30
30
1948
50
52
54
56
58
60
62
64
Residential Nonfarm Construction
\
20
10,
10
1948
54
56
58
60
Quarterly, Seasonally Adjusted, at Annual Rate
* Producers' Durables and Construction Other Than Residential
NOTE: Lines drawn through periods of relatively full use of resoufc95»
U.S. Department of Commerce, Office of Business Economics
February 1962
ment policy affecting housing credit,
income and family formation.
SUEVEY OF CUKKENT BUSINESS
GOVERNMENT PURCHASES OF GOODS AND SERVICES
Billion 1961 $
Trend of government purchases
17
Constant Dollars-Ratio Scale
100
Billion 1961 $
100
Government purchases of goods and
services are shown in the third chart of
this group. These in total (Federal,
State, and local) absorb one-fifth of national output and they have contributed
importantly to the current high level of
real GNP compared with the early postwar years. Following the Korean bulge,
Federal purchases dropped to a relatively constant average annual rate of $55
billion (in 1961 prices) from mid-1954
to mid-1961. The 1960-61 average of
Federal purchases is 80 percent higher
than the 1948-49 rate. This rise
compares with an increase of little
more than 50 percent in real GNP over
30
the same period.
Federal purchases are now expanding
to meet international obligations and
strengthen our defenses. As indicated
earlier in this survey, such purchases
are headed upward in fiscal 1963.
20 State and local purchases of goods and
services have been steadily rising
throughout the entire postwar period.
In real terms, their rate of growth has
I960
(964
1952
1954
1956
195$
I960
1962
194.8
averaged 5% percent per year. In the
Quarterly, Seasonally Adjusted, At Annual Rate
last two years, they were nearly double
62-2-14
the 1948-49 rate. In view of the U.S. Department of Commerce, Office of Business Economics
continued large population growth and
the associated needs, State and local
purchases can be expected to continue also been reflected in the slackened 1956 and 1957, following the 1953-54
their advance.
pace in the growth of employment and recession, the rate was reduced to a
in the persistence of the high average little more than 4 percent. In contrast,
Effect on total GNP
unemployment rate. In the years 1951, since 1958 the rate of unemployment
The lags in durable goods demand 1952 and 1953, following the 1949 has continued high, averaging nearly
have been the basic contributing factor recession, the rate of unemployment 6 percent, and it was only in January
in the falling away of output (GNP) was reduced to an average of a little of 1962 that the seasonally adjusted
from the basic trend line. This has more than 3 percent; for the years 1955, rate dropped to slightly below 6 percent.
Financial Markets in 1961
(Continued from p. 14)
system, and by nonfinancial corporations. In addition, individuals increased their holdings of Savings Bonds
for the first time since 1955.
Shift in corporate finance
For the year as a whole, investment
by nonfinancial corporations in plant,
equipment, arid inventories as earlier
described declined moderately. Profits
and retained earnings showed little net
625025°—62
3
change, but the flow of funds from modify most of these conditions: physcapital consumption allowances con- ical asset purchases have outrun the
tinued to rise. In consequence, there rise in internal funds; demands for
was a substantial improvement in the bank loans and intercorporate trade
liquidity position of corporations, credit have risen; there has been a
despite some net increase in accrued tax sharp increase in unpaid tax liabilities,
liabilities. The companies increased and the rate of accumulation of liquid
their holdings of bank deposits, and of assets has fallen off. Nevertheless,
U.S. Government securities.
corporations are still in a position to
As the year progressed, the rapid finance a substantial rise in capital
advance in economic activity tended to spending in 1962 without undue strain.
RECOVERY AND EXPANSION OF THE ECONOMY IN 1961
3. ProductionEmployment—Prices
THE preceding review has treated the
cyclical expansion in 1961 in the broad
terms of the national income and product accounts. In this section a more
detailed examination will be focused
on specific developments within the
economy which are partially obscured in
the broader view.
The recovery in industrial output in
1961 was substantial and widespread,
being most pronounced in those areas—
like primary metals—that had been in
the forefront of the 1960 decline. In
several industries, notably those associated with investment goods, output at
yearend was still below the previous
cyclical highs. In agriculture, the year
witnessed a leveling off in the strong
Output Advances With Price Stability
rise in output of recent years as new
government policies began to have
some influence.
The prompt recovery in production
in early 1961 was accompanied by the
resumption of a fuller workweek schedule. Re-hiring of workers, together
with a continued expansion in industries
which had not been affected much by
the recession, brought an upturn in
total employment. Unemployment remained high most of the year and did
not fall appreciably until the final
quarter. With resources not fully utilized, prices continued relatively stable
throughout the year, with some firming
in wholesale prices evident toward the
end of the vear.
Industrial Production
INDUSTRIAL production traced the
recovery pattern of the general economy
earlier described. The Federal Reserve
seasonally adjusted production index at
115 (1957=100) in December was 13
percent above the February low and 4
percent above the previous peak
reached in January 1960. The relative
increase from the low point to the end
of the year resembled that of previous
postwar upturns, and in December production rates were at new or close to
earlier highs for all but a few manufacturing industries.
The rapid turnaround in production
in the spring months of the year was
attributable in large part to the slowing
down and cessation of the liquidation
in manufacturers7 stocks, to an improvement in automobile demand and
to the rise in government purchasing.
The maintenance of consumer buying
power, and the sustained demand for
nondurable goods and services had been
basic factors earlier in limiting the
recession.
The rate of advance in industrial
18
operations slowed down in the summer
and was temporarily interrupted by
work stoppages in the automobile industry in the early fall. With the
settlement of the strikes and with
widespread increases in final demand,
the pace of the advance quickened in
the closing quarter of the year.
For the year as a whole, the increase
in the physical volume of output over
1960 was about 1 percent. Of the four
broad industry groups, only the durables remained below 1960 production
levels, though only fractionally. For
the 21 industries, production increases
over the year outnumbered the decreases, which were concentrated in the
durable goods sector.
Consumer goods output in the aggregate, which had declined little during
the business downturn, recovered all of
the lost ground by midyear. Output
of business equipment, which also recorded only a small reduction, surpassed its prerecession level somewhat
later. Materials output, which had
fallen sharply during 1960, rose at H^>
faster rate.
Widespread advances
The chart highlights the broad character and magnitude of the recovery in
industrial output during the year, and
shows the current rate of operations
relative to earlier highs for the major
manufacturing groups comprising the
Federal Reserve production index.
Every major industry, as the chart
shows, increased output from recession
lows, which in most cases occurred in
early 1961 or late 1960. The largest
relative gains were posted by primary
metals and motor vehicles, which had
been hit particularly hard in the recession. These two basic industries, which
combined account for one-eighth of the
total weight of the Federal Reserve
index, contributed about one-third of
the rise in total industrial output and
an even higher proportion of the increase in the durable goods group.
Notwithstanding the rising rate of
output during the year, available plant
capacity was still not fully utilized in
many industries. This can be seen in
a general way in the bottom half of the
second panel of the chart, which shows
a number of durable and nondurable
industries at the end of the year still
operating below earlier high rates. In
primary metals, the steel industry
operated at 70 to 75 percent of 1961
capacity in December while aluminum
reduction mills held at about 80 percent.
Cement plants reached a seasonal high
in August of 89 percent of capacity,
while operations at petroleum refineries
were less than 85 percent of capacity.
Steel output rebounds
With the liquidation of excessive
steel stocks slowing down in the early
months and mostly over by the spring
of 1961, the demand for steel rose
steadily and was responsible for an
SURVEY OF CURRENT BUSINESS
February 1962
advance of 50 percent in the rate of
steel production. The pattern of output within the year—opening at a
relatively low and ending at a high
rate—was the reverse of the 1960
pattern. December output of 9.6 million tons, the largest by far for the
year, compared with 6.4 million in
January 1961. For all of 1961, 98
infflion" ingot tons were turned out,
some 1 million tons below the preceding
year.
For nonferrous metals, mixed trends
prevailed and output in the aggregate
was little changed from 1960. Mining
and refinery operations were increased
in copper, lead, and zinc while primary
aluminum producers did not match the
1960 total, due chiefly to a 50 percent
reduction in the exceptionally high
volume of exports in 1960. Overall
consumption of these metals, about as
high as in any previous year, exceeded
output, so that yearend inventories
held by producers and fabricators were
in most instances sharply below the
high volumes carried at the beginningof the year.
High auto output at yearend
Changes in output in the automobile
industry exerted a considerable influence on the course of aggregate
industrial production throughout 1961.
The first quarter output curtailments,
which were particularly pronounced,
coincided with sharply reduced sales to
consumers, an exceptionally high level
of inventories, and an unusually severe
winter.
An appreciable pickup in
MANUFACTURING PRODUCTION
Increases in Output Were Widespread in 1961
Relative Changes Varied Considerably, With Some Industries—
Notably Investment Goods— Still Operating Below Earlier Peaks
-20
1
Percent Change
From Recession Low to Dec. 1961
0
20
1
Percent Change
From Prerecession High to Dec. 1961
- 20
0
20
40
1
1
J
Primary Metals
Paper
Autos & Parts
Chemicals
Rubber & Prods
Food & Beverages
Elec. Machinery
Textiles
Fabricated Metals
mmmmmm
Furniture
Tobacco
Elec. Machinery
Furniture
mm$mm$
Printing
Aircraft
Apparel
Misc. Mfrs.
mmmm
Instruments
Chemicals & Prods.
Paper
Apparel
mmmm
Fabricated Metals
Misc. Mfrs.
Aircraft
f
i Nonelec. Machinery
Lumber
Leather
Textiles
^ Rubber &
Tobacco
Prods.
Nonelec. Machinery
Autos & Parts
Instruments
Petroleum
Food & Beverages
Leather
Printing
Clay, Glass, Stone
Y////////,
Clay, Glass, Stone
Petroleum
I
-20
\
\
i
0
20
40
Note: Based on Index, 1957 - 100, Seasonally Adjusted,
U. S. Department
of Commerce, Office of Business economics
Lumber
YS/////////////.
1
-20
Primary Metals
1
1
0
20
Data: FRB
62-2-15
19
assemblies, in response to an improvement in consumer demand, occurred
in the spring months; this stepped-up
rate was generally maintained until
the early summer shutdown for model
changeovers. Meanwhile, inventories
were gradually reduced during this
period as total sales exceeded production
by a wide margin.
Production of the 1962 models during
the September-October strike period
fell below projected schedules. Following the signing of new labor contracts, assemblies of cars and trucks
climbed to near record rates in November and December as consumers responded favorably to the new models
and business investment recovered.
The October-December assemblies of
2.2 million passenger cars and trucks
brought the full year's count to 6.7
million units, some 1.2 million units
below 1960 though 1.5 million higher
than the turnout in the recession year
of 1958. January assemblies of passenger cars and trucks continued at the
high fourth quarter monthly rate.
Machinery in rising trend
Fluctuations in output of machinery
were much less marked in the recent
cycle than in most other major durable
industries. Activity in this industry
moved along with the steady improvement in new order placements generated
by increased agricultural, military and
business demand. The generally sustained advance in output since the
spring months to a record rate by yearend, some 10 percent above March,
helped to bring total output of machinery for the year as a whole about
even with the high 1960 volume.
Within the machinery group, producers of electrical equipment surpassed their prerecession high production rate as early as July and
turned out a record volume of goods
under the influence of the defense
buildup. Manufacturers of nonelectrical equipment produced somewhat
less than in 1960 and ended the year
at a rate still moderately below earlier
highs.
Reflecting expanding defense programs activity in aircraft and aerospace plants, which had shown little
month-to-month change for more than
a year, began to pick up in the fall
SUEVEY OF CURRENT BUSINESS
20
months. By the end of the year
production was nearly 10 percent above
that of the summer months and well
above the average for 1960 as a whole.
Output of major household appliances, television and radios, produced
chiefly in the electrical equipment industry, advanced sharply from February to
the summer months. Because consumers were slow to step up their outlays for
these goods, production was cut back
in the second half and it was not until
late in 1961 that consumer purchases of
big ticket items exhibited renewed
buoyancy. For the year as a whole,
output was moderately above 1960.
and products. Output of textile mill
products was also higher than in 1960,
leather goods was about unchanged,
but apparel and rubber products
recorded fractional declines.
In the 1960-61 business contraction
and recovery wide swings again char-
Table 1. — Industrial Production
Industry group
III
_
IV
Dec
Year
1961
I
n
in
IV
Dee
Year
.
% change
1st qtr. to 4th qtr. 1961
1960-61
.
Business
equip, Materials
incl.
defense
Nondurable
Mining
Utilities
Consumer goods
110
109
108
104
103
108
109
106
104
98
96
104
112
114
114
112
111
113
97
97
97
98
98
97
121
123
124
123
123
123
114
116
115
113
112
114
103
103
103
102
101
103
109
107
105
101
99
106
102
108
112
114
115
109
94
102
107
109
110
103
111
116
119
121
122
117
97
97
98
100
101
98
125
130
134
136
137
131
110
116
119
121
122
116
99
101
105
109
111
104
98
106
110
111
112
106
3.6
9. 1
9. 5
10.0
12.9
6. G
1. 7
.8
1 5. 0
9.4
1. 0
-1.2
3.0
Source: Board of Governors of the Federal Reserve System.
Market group
Durable
11.5
the past decade the increase in farm
equity in money terms has been about
one-fifth for all agriculture, which on a
per farm basis represents a rise of twothirds.
Budget expenditures of the Federal
Government on Farm Income Stabilization and Food for Peace have ranged
from a little over $3 billion to more
than $5 billion annually in the past
several years (see chart). In fiscal
year 1961 such expenditures were $3.8
billion and are estimated at a little
over $5 billion for fiscal 1962. Spending is expected to remain high in the
fiscal year ahead, but the effect of the
proposed legislation is for some
reduction.
Federal Budget expenditures for agriculture and agricultural resources are
estimated at $6.3 billion forfiscal196
and the total Department of Agriculture
budget is $7.1 billion—each of them up
a little over $1 billion from the preceding year. The 1963 budget figure
sent to Congress sets forth a reduction
of about $.5 billion in each of these
totals, predicated on proposed changes
in legislation.
Smaller crop
(Index 1957=100; seasonally adjusted)
1960
I
II
acterized the movement of a few soft
goods lines, such as textile fabrics and
wearing apparel. In the case of textiles, mill activity declined nearly 15
percent from mid-1960 to January 1961,
and then advanced almost 20 percent
in the subsequent upturn.
Farm Production and Income
AGRICULTURAL production continued high in 1961. The index of total
output was 128 percent of the 1947-49
average in each of the past 2 years,
after having risen by one-eighth from
the 1955-57 plateau.
Farm income rose in 1961 with a
Nondurables continue upward
slight advance in the volume of marketThe typically more stable nondurable ings, in average prices received, and an
goods group recovered quickly from the increase in Government payments to
early 1961 trough to exceed the previ- farmers of $750 million. The increase
ous year's output by 3 percent. In in marketing receipts was parti}7 abDecember, the rate of operations was sorbed by higher production expenses,
10 percent above January and 5 percent but net income of farm proprietors
above the prerecession high mark.
(including Government payments) of
Most of the 11 nondurable industry $13 billion was up $1 billion from 1960.
divisions registered appreciable ad- The 1961 net income was below the
vances in the recovery period and all Korean War peaks of several years ago
but four were operating above pre- but because the number of farms has
recession highs at yearend. New pro- been declining sharply, net income per
duction peaks for the year were posted farm last year was a record.
for paper, chemicals, printing, petroThe long-standing uptrend in the
leum, foods, and tobacco products, industries where growth trends have been value of farm assets was extended last
only mildly affected during postwar year. There was some rise in farm debt,
recessionary periods. The year-to-year but as shown in the bottom panel of the
output gains were generally small, how- accompanying chart, the equity of farm
ever, ranging from 2 percent for petro- proprietors reached a new record estileum refining to 6 percent for paper mated at $184 billion at yearend. In
Total
February 1962
The leveling off in total farm output
in 1961 at the peak of the year before
reflected some reduction in crops and ?.
further rise in livestock production.
Crop production in 1961, at 119 percent of the 1947-49 average, was dowr
2 percent from the high in I960, but il
was the second largest on record. This
makes the fourth year in which tota
crop production has been relatively
stable in a range more than 10 percen
higher than in any earlier year.
The chief decline last year was ii
grains. Feed grain output was dowr
nearly one-tenth from the 1960 high as
the emergency feed grain progran
brought a sharp cut in acreage whicl
SURVEY OF CURRENT BUSINESS
February 1962
was partly offset by an unusually large
jump in yields. After nearly a decade
of rising feed supplies and carryovers,
moderate declines are expected for this
feeding year. Feed consumption and
exports have both remained high. The
emergency feed program has been extended to the 1962 crop.
AGRICULTURAL INCOME AND OUTPUT
IN 1961
With OUTPUT Holding at Peak Rate . . .
1947-49 = 100
1401
120
100
80
PRICES Were Little Changed Though Consumer
Buying Power Advanced . . .
19]0-14 = 100
350
Paid
300
250 200
And GOVERNMENT STABILIZATION OUTLAYS
Were Higher
Billion $
10
Budget Code 351
Fiscal Years
-5
I
I
I
I
I
1
I
I
1 I
I
I
I
I
I
1961 INCOME Rose Above That of 1960
Billion $
PROPRIETORS' EQUITY Advanced
Billion $
250
200
150
100
1950
55
60
65
Data: Agri. Dept.
J.S. Department of Commerce, Office of Business Economics
62-2-16
21
Food grain production was also lower changes in prices, with the average for
in 1961, mainly because of a drought in the year up slightly.
the spring wheat belt. With exports
Dairy and poultry production was
remaining strong, a small decline in the also higher in 1961 but demand was not
wheat carryover is expected from the well sustained, and prices declined durrecord high at the beginning of this crop ing the year after allowance for seasonal
year. Wheat prices have remained influences. Price supports for manustrong, partly because of the reduced factured dairy products had been raised
crop, but also because farmers are with- in the latter part of 1960 and were inholding marketings. The support price creased again in the spring of 1961.
for the 1962 crop is to be advanced to During the year dairy production
$2.00 per bushel as compared with $1.79 showed a considerable expansion and
for the 1961 crop. An unusually small milk consumption declined. In fluid
amount of wheat from the past season's milk sheds (marketing areas) a higher
crop has been pledged to CCC for a proportion of milk was diverted from
price support loan.
the higher priced fluid outlets to manuA wheat stabilization program for the factured products, bringing a reduction
1962 crop—similar to the 1961 feed in average price received during the
grain program—requires growers to latter part of the year. Purchases by
make a 10 percent acreage reduction. CCC of manufactured dairy products
In addition farmers may elect to make were about twice as much as the year
an additional reduction of up to 30 per- before and stocks of such products rose
cent of their base acreage. Incentive rapidly during the year.
payments are provided. The sign-up
Production increases were unusually
through December 1 for the 1962 win- large for poultry meat including both
ter wheat program showed that farmers broilers and turkeys, and prices deindicated their intention of making clined sharply during the year. Broiler
voluntary reductions in acreage more prices firmed toward yearend, but egg
than twice as large as the required cuts. and turkey prices both remained low
However, the December 1 planted through the yearend and immediate
acreage was down only about 10 percent prospects are for continued large supfrom the preceding year.
plies.
Cotton production of 14.3 million
bales in 1961 was about the same as the Rise in farm productivity
year before. Domestic consumption is
The broad picture of farm production
expected to be a little higher this crop may be seen in the accompanying
year than the year before, but exports table showing aggregate farm output
have declined sharply as foreign coun- and national product. The Farm
tries worked down stocks. The U.S. Gross National Product is a "value
carryover may be 0.7 million bales larger added" by agriculture concept, obthan the 7.2 million bales as of August tained by subtracting from aggregate
1, 1961, but will remain only a little farm output the intermediate products
over half as large as the record carry- consumed in production; double-countovers of a few years ago.
ing is eliminated. The farm GNP is
comparable with the nonfarm private
Livestock expansion
gross
product.
Livestock and livestock products outFarm GNP in constant dollars has
put rose during 1961 with each of the
major groups showing some expansion. risen one-fifth from the 1947-49 averMeat production was higher than in age, or about two-thirds as much as
1960 with an increase in beef only partly aggregate farm output. Farm GNP
offset by a slight decline in pork, but per unit of total factor input has risen
per capita supplies were a little lower. at an average annual late of 2 to 2%
Both beef and pork production were ex- percent, which is not appreciably difpanding during last year; meat produc- ferent from the rise in the comparable
tion is expected to be higher this year. nonfarm private output per unit of
The rather moderate expansion in meat total factor input.
The moderate rise in income, the
animal production was accompanied by
sustained high demand and only small leveling off in farm output following an
SURVEY OF CURRENT BUSINESS
22
extended rise, and the increase in
Government payments to farmers are
all consequences of a substantial change
which is occurring in agricultural policy.
The broad problem of coping with
surplus production capacity has remained intractable. For several years
prior to 1961, support prices had been
gradually reduced and production controls were being relaxed or removed
for a number of important products.
Although a substantial decline occurred
in the number of farms and in family
labor on farms, farm productivity continued to expand, aided by a high rate
of investment and increasing use of
nonfarm supplies. Despite the reductions in support prices, farm output
continued to outpace domestic and
foreign requirements.
During 1961? the Government moved
to restrict production by controls and
incentive payments for feed grains,
and similar programs have been announced for 1962 crops of feed grains
and wheat—both commodities which
had been surplus problems of longstanding. Support prices were generally
raised for 1961, and the announced
supports for 1962 have been at about
the 1961 rates. Wheat is an exception
in that prices were raised for 1962
but not for the 1961 crop.
Marketing orders are also receivingattention, both in legislation enacted
in 1961 and in the President's request
for new farm legislation in 1962.
Orders have been in use for a number
of fruits, nuts, and vegetables, and for
urban milk marketing areas. The
extension of marketing orders will
enable additional producer groups to
develop programs for self-help. The
programs are designed to strengthen
the farmer's bargaining power and to
give him the opportunity to attain
parity of income with other economic
groups. They permit management of
supplies and stabilization of markets,
subject to producer referendum. A
RISING p r o d u c t i o n d u r i n g 1961
brought about an increase from the recession low point early in the year in
employment, hours worked and labor
income. With increased labor requirements in the early stage of the cyclical
advance being met by longer hours,
including more overtime, nonfarm employment in 1961 averaged about
300,000 below the corresponding 1960
figure. Declines in commodity-production and transportation industries more
than offset increases in services, finance
and Government. The rise in employment did not make an appreciable reduction in the unemployment rate until
late in the year.
This increased demand for labor,
coupled with somewhat higher rates of
pay, brought about an increase in labor
income of more than $8 billion over
1960.
From the low point in February
to December the advance was almost
$22 billion at an annual rate.
Early pickup in employment
Nonagricultural emplo3rment, after
seasonal adjustment, increased significantly during 1961 and by December
had recovered about one million of the
1.2 million jobs lost from April 1960 to
the February trough during the mildest
of the postwar employment declines.
The largest employment gains, led by
a sharp pickup in manufacturing, came
during second quarter when the turnabout from inventory liquidation to
accumulation was a major factor in
rapid increases in GNP. A slower rate
of advance in total output during the
(Billions of dollars)
Constant 1954 dollars
Current dollars
1. Total value of farm output.. _
_ _ _ _ _ _ _ 33.7
1957
1958
34. 1
1959
1960
1961
1956
1957
1958
1959
1960
36.9
37.9
38.7
35 9
35.8
37.4
37.9
39.2
1961
39.5
2. Less: Value of intermediate produets consumed, total
14.3
14.7
16.3
16.9
16,9
17.6
14.9
15.1
16.5
17. 1
17.4
17.5
3. Equals: Farm gross national product
19.3
19.4
21.3
19.9
20.8
21.0
20. 9
20.6
20.9
20. 8
23.7
21.9
Source: U.S. Department of Commerce, Office of Business Economics, based largely upon data from the U.S. Department of Agriculture.
turkey order has been proposed, and
dairy and broiler groups have participated in market order discussions.
Employment and Labor Force
Table 2.—Farm Gross National Product
1956
February 1962
third quarter and some repercussions of
the short auto strikes were reflected in a
smaller employment increase subsequently.
Hours of work in manufacturing
began to recover somewhat before the
turnaround in employment in early
1961 and continued to increase—aside
from strike effects—through the year.
The advance in the workweek of almost
2 hours made up most of the loss in
average hours that had occurred during
1960.
In this respect the recent swing
in hours has resembled that which
occurred in the two previous cycles.
Partial recovery in manufacturing
In manufacturing, 1.1 million jobs
were lost in the steady decline during
the year beginning February I960, with
durables accounting for about 80 percent of this drop. By the end of 1961
about half of the recession decline had
been recouped with most of the improvement in the volatile heavy goods
sector. In this respect the 1961 recovery followed a pattern similar to the
1954-55 and 1958-59 upturns, though it
should be noted that cyclical peaks ii]
manufacturing employment have showr
a declining trend since 1953. The basic
influence in these tendencies has beer
earlier described in the broad analysis
provided by the national income accounts.
In the durable goods area the sharpes
gains occurred in the second quarter
with sizable increases in the metal:
industries, electrical equipment am
transportation equipment. Since thei
employment has risen much mor<
slowly, the largest gains occurred ii
electrical and transportation equipmen
during the final quarter and reflecte<
higher automobile sales and increase<
defense procurement.
By yearend only two durable good
industries, ordnance and electric*equipment, had reached or topped th
monthly 1960 peaks, while employmen
in lumber, primary and fabricate 1
metals and machinery was still we"
February 1962
below 1960. Employment in durable
goods as a whole was more than 400,000
below the 1960 peak.
Employment in nondurables, which
had fallen by about 200,000 in 1960, recovered in the second quarter of 1961
but has since shown little change.
December employment was 100,000
below the 1960 peak month. ChemiSals, apparel, textiles and rubber accounted for most of the increases during
1961.
Nonmanufacturing changes
There were divergent movements in
nonmanufacturing employment during
the year. Three groups which are
typically sensitive to shifts in demand—
TOTAL NONFARM EMPLOYMENT Rose
After February 1961 Low and Was Close to the
Previous Peak by Yearend
Million Persons
60
Employment in Nonfarr
Establishments
55
50
11 u n t i l i t i l i i i i i | i u i i l i i i i i h u n l i i i i i l n i i i l i i i n | i m i l i i t i i l
Employment in COMMODITY-PRODUCING
INDUSTRIES Increased Moderately and Remains
Well Below Earlier Peaks
25
Manufacturing, Mining, and
Construction
20
15 I.....In...I
,,,,,!,,n.lmnl,,,,,!,,,,,I
I
SURVEY OF CURRENT BUSINESS
23
mining, construction and transportation—like manufacturing declined from
early 1960 to the spring of 1961.
Thereafter employment in mining and
construction was virtually unchanged,
however, and transportation employment recovered very little.
Finance, services and government
employment was not much affected by
the recession and continued to move up
through the year. Employment in
wholesale and retail trade, while higher
than in the spring of 1961, did not
record much of an increase, in contrast
with the advances apparent in previous
recoveries.
ness activity by roughly one to two
quarters. Long-term unemployment—
persons unemployed 15 weeks or more—
was at a postwar peak during the year
at an average of 1.5 million persons, or
30 percent of total unemployment.
This was the same percentage as in 1958
and compares with ratios of 19 and 23
percent in 1949 and 1954, respectively.
35
30
UNEMPLOYMENT Stayed High,
but Fell Late in Year
Percent
10
Unemployment
as a percent of
Civilian Labor Force
in mini iilnm I in ii Inmliim Inm I t n n li n uh 1 1 1 1 li in il.in i
58
59
60
61
62
Seasonally Adjusted,
Data: BLS
U.S. Department of Commerce, Office of Business Economics
Male
14-24
25 and over
Unemployment lower in fourth
quarter
White
Non-white
An average of 4.8 million persons
were unemployed during 1961, an increase of almost a million from the previous year. The average rate of unemployment—6.7 percent of the civilian
labor force—was similar to the 1958
rate but about one percentage point
above 1949 and 1954.
Seasonally adjusted unemployment
was little changed through most of the
year even though the demand for labor
picked up in the first quarter. A significant fall was not registered until
November. This was partly in contrast
to the earlier postwar experience since
in previous recoveries a distinct improvement in unemployment has typically lagged the turning point in busi-
Married, with spouse
Single
Female
14-24
25 and over
__.
_
1959
1960
196 L
6.8
5.3
5.4
- 13.8
5.6
11.0
4.3
11.3
4.3
6.5
12.9
5.2
6.1
- - _ 13.7
4.6
11.5
4.8
10.7
5 7
12.9
51
13.3
36
11.6
3 7
11.7
4 6
13, L
_
__ .
White
N on- white
Married, with spouse
Single
Industry of last job— wage and
salary workers:
Agriculture
Mining, fisheries, forestry
Services
Trade
Construction
Manufacturing
Transportation
Duration: Average, in weeks
Percent distribution of the
unemployed, by duration
of unemployment:
Less than 5 weeks
5-14
15-26
.
27 weeks and over
6.8
5.9
5.9
10.9
10.1
10 5
5.7
4.8
4.6
7.2
12 3
5.8
6.2
5.3
9.5
5.3
9.5
»3. 5
11 '.)
6.5
S 5
10.8
6.5
5.2
5.2
7 4
7. 1
75
9 9
10.6
4.6
8.7
8.0
9.7
4.3
9.5
4. 1
9 3
11.6
4.9
7.2
6.7
5.8
5.9
13.7
12.0
12.2
14. 1
9.2
5.6
6.0
4.2
6.2
4.3
7.7
13.8
14.5
12.8
15.5
39.2
29.8
16.8
14.2
43.5
29.2
12.3
15.0
45.8
29.9
12.8
11.5
39.5
28.6
15.1
16.7
5. 1
Source: U.S. Department of Labor, Bureau of Labor
Statistics.
Stable Prices During Year
40
1957
1958
rates among
civilian labor
I..
OTHER EMPLOYMENT Leveled Off During Recession
And Has Been Expanding in the Current Recovery
0
Table
3.—Unemployment
various groups of the
force
62-2-17
THE general stability of prices in 1961
was a noteworthy development in view
of the expansion in demand that occurred following the recession low in
the first quarter of 1961. Wholesale
prices in December were fractionally
below a year earlier, as the heightened
competition associated with underutilization of plant capacity and relatively high levels of unemployment led
to price reductions in certain industries
and kept others from rising materially.
There was some evidence of a firming
in wholesale prices in the final quarter.
Consumer prices rose about 1 percent
over the year, reducing somewhat the
effective purchasing power of the $15
billion rise in personal income over 1960.
Wholesale prices hold even
The reduction from 1960 to 1961 in
the all-commodity wholesale price index
was small though this did represent the
first overall decrease in these markets
since 1953. Farm prices edged down
for the third successive year, food
prices were up a little and industrial
prices averaged lower for the first time
in almost a decade. Within the year
the overall index continued to drift
downward until about June, mainly,
though not exclusively, because of
falling farm prices. Since then there
has been a slight rise, again mainly
because of farm products while indus-
24
Table 4.—Year-to-Year Percent Changes in
Wholesale and Consumer Prices
SUEVEY OF CURKENT BUSINESS
sion, falling by 8 percent from late
1959 to the end of 1960. By September
1958-59 1959-60 1960-61
of last year these items had recovered
much of the decline, though they weak—0 4
All wholesale prices
0.1
03
ened slightly in the final quarter of the
Crude materials .. .
.
-2.3
-2.7
-.6
Nonfood materials except
year.
-4.2
fuel
1.1
3.5
-2
Fue]
.8
18
On the average, prices of fabricated
— 7
0
14
Intermediate materials
commodities used as intermediate maMaterials and components for manufacturterials, supplies and components in
-.1
ing;
._
1.4
-1.2
Materials and compomanufacturing and construction were
-1.4
nents for construction _ _
2.7
slightly lower than in 1960, while
0
— 2
Finished goods
o
1.0
-.9
Consumer finished goods.
2
is prices of finished commodities changed
1.9
Producer finished goods. _
least of all.
9
10
All consumer prices
1.5
1.2
— 1.7
Food _
1.2
Among the commodity groups, there
5
2
15
Commodities less food
-1.2
—.4
2.3
Durable
were price declines of some importance
5
1.5
Nondurable
2.4
Services _ _ .
1.8
2.9
during the year in the fuel, rubber and
12
1 5
Rent
1.5
2.6
Other _
._
1.9
3.1
chemical product groups. The reduction in chemicals prices was larger than
Source: Basic data from Bureau of Labor Statistics, U.S.
Department of Labor.
average (down 2.1 percent) reflecting
lower quotations for industrial chemitrial prices have essentially leveled out. cals since May. Foreign competition
The behavior of prices other than and underutilization of capacity were
farm and food has been of particular the major forces behind this movement.
interest in the current recovery, since
Most other commodity groups ended
it illustrates the sufficiency of overall the year little changed from a year
supply relative to aggregate demand— earlier. In the case of machinery the
a condition that helps explain the rela- year 1961 marked the first time that
tive weakness in investment. As can this index did not show a year-to-year
be seen from the chart, a general rise rise. Price reductions were marked in
has been characteristic of industrial electrical machinery. There was some
prices during the first year following evidence of a strengthening in equipcyclical downturns. In the two pre- ment prices toward the end of the year
vious postwar recoveries, for example, mainly under the influence of the rising
wholesale prices in the first 10 months prices of agricultural machinery.
advanced by 1 and 2 percent, respectively. In December 1961, by way of Consumer prices up slightly
contrast, these prices were actually
Prices paid by consumers for most
lower than in February, though not by broad groups of commodities and servmuch. As an indication of prospective ices averaged slightly higher in 1961
developments, however, too much sig- than in 1960. Durable commodities
nificance cannot be attached to this were the only major class registering a
initial recovery period, since the more year-to-year reduction.
marked price advances in the past
Within the year there were divergent
have generally come after the first price movements that reflected three
year of upturn, as the slack in the broad influences. Food prices, which
frequently tend to follow a course ineconomy has been taken up.
There were a few offsetting changes dependent of the business cycle because
among some of the major components of the strong influence of supply conwhich were masked by the stability ditions, reached a peak in early 1961
in the overall total. Very early in the after having risen throughout 1960.
recovery there was a noticeable price Thereafter, there was a slight but iradvance in industrial crude materials regular decline, with December about
other than fuel, as increased export 1 percent below year-ago levels.
Prices of commodities other than
and domestic demand exerted an upward pressure on prices, notably for food showed a characteristic cyclical
scrap materials. These prices, which response. They dipped moderately
are typically sensitive to changing from the fall of 1960 to the spring of
demand conditions, had undergone a 1961 as consumer demand weakened.
Durable commodities, which had been
fairly sizable decrease during the reces
February 1962
edging down throughout 1960, reached
a low point in the first quarter but
rose for the remainder of the year.
Used car prices increased substantially
through most of 1961 and for the last
quarter of 1961 higher prices were
realized for the new 1962 models.
Prices of nondurable goods, notably
clothing, reached a low in the second
quarter of 1961 following a rather
brief decline, and picked up slightly
thereafter.
Prices of services recorded the largest
advance over the year, extending the
steady increases that have occurred
throughout the postwar period, though
at a somewhat reduced rate. Rents
were up by a little over 1 percent from
1960—a lesser rise than in previous
years as vacancy rates have reached
their highest point since the end of the
war. Prices of other services such as
transportation, medical care and movie
admissions—were up by 2 percent,
again, a somewhat smaller rise than in
earlier years.
WHOLESALE PRICES
Have Been Stable in the Current Recovery in
Contrast to Previous Postwar Upturns
1947-49 = 100
130 -
125
1960
1962
1961
130
125
120 I. . .. . i . . i . i l . .. . . i . . i . i l . . 1 . . i . i . . i
1957
1958
1959
120
115
110
iii
1953
1954
1955
Note.- Nonfarm Prices
*Low point in GNP
U.S. Department of Commerce, Office of Business Economics
Data: BLS
62—2—18
RECOVERY AND EXPANSION OF THE ECONOMY IN 1961
4. The Balance of
International Payments
THE international transactions of the
United States during 1961 resulted in a
decline in the holdings by the U.S.
monetary authorities of gold and convertible currencies by about $700 million and in an increase in U.S. liquid
liabilities to foreigners and international
organizations by about $1.7 billion.
In 1960, the decline in the monetary
assets (which at that time consisted of
gold only) of the U.S. authorities was
about $1 billion greater, and foreign
dollar accumulations $500 million more.
The decline in the adverse balance
as measured by these series—from $3.9
billion in 1960 to $2.4 billion in 1961—
as well as the decline in the outflow of
gold itself, represents a considerable improvement in the balance of payments.
The improvement occurred although
the outflow of financial resources expanded slightly from 1960 to 1961 ; the
rise in receipts from abroad exceeded,
however, the rise in payments by the
$1.5 billion by which the overall balance
improved.
About $600 million of the increase
recorded under both "receipts" and
"payments" represents mainly the rise
in exports of goods and services financed
by new grants and loans by the U.S.
Go v e r n me n t. Whi 1 e these trans a ctions, directly or indirectly, contributed
to the rise in international transfer of
real resources, and to the welfare of the
foreign countries receiving them, they
did not contribute to the improvement
in the overall balance of payments.
A large part of that improvement
stemmed from special debt repayments
of $700 million, in advance of previous
commitments. Close to $600 million
of that amount was paid by Germany,
but major sums were also received
from the Netherlands and Italy. Other
transactions resulting in rising receipts
were incomes on U.S. investments
02 502
5°—62
4
abroad, which expanded by about $350
million, and foreign investments in the
United States (in other than "liquid"
investments) which accounted for about
$400 million. Neither merchandise exports (omitting Government financed
shipments) nor imports were significantly different from those in 1960, and
the outflow of capital, in total magnitude as well as in its broad composition,
was also about the same.
Gold on tfloic less
The substantial decline in the outflow
of gold from 1960 to 1961 was, of course,
in part due to the decline in the overall
adverse balance. The outflow of gold
may also be affected, however, by
changes in the balance of payments of
other countries, i.e. a weakening in the
balances of those countries which generally keep their foreign reserves in
gold, particularly the United Kingdom,
and a strengthening of those of other
countries which keep a larger part of
their reserves in dollar assets.
Another factor which was of major
importance was the decline in gold purchases by the public, probably mainly
abroad, and some increase in gold sales
by the Soviet bloc.
The net amount of gold purchased
by other buyers than the monetary
authorities of western countries, increased in the late summer of 1960—to
a large extent for reasons not connected
with the U.S. balance of payments.
That rise accelerated sharply in the
latter half of October, and the fact
that sufficient amounts of gold were
not offered on the market by monetary
authorities to meet the demand at the
official price led to further speculation
that the market price of gold would
continue to exceed the U.S. official
gold price of $35 per fine ounce. This
speculation thus was directed against
Analysis of Trade, Services,
and Capital Movements
the dollar itself and because of the
large dollar accumulations of foreigners
during the preceding years resulted
in sizeable conversions of foreign dollar
holdings into gold, both by official arid
private holders.
Official intervention in the market
with the consent of U.S. authorities
did take place during the latter part
of 1960, and gradually the gold price
was lowered. The Presidential message
on February 6 confirming the intention
of the Government to maintain the,
gold value of the dollar terminated
this speculative episode.
In the early fall of 1961, the gold
price started to rise again. Timely
intervention by foreign authorities with
the backing of our own authorities,
kept the price just below the level at
which shipments from here to Europe
would become profitable and t h u s
clearly indicated the determination of
the authorities to defend the gold value
of the dollar and of other key currencies.
Although gold sales increased during
the final quarter of the year, they
remained substantially lower t h a n a
year earlier.
The firm actions taken in calming
down and preventing speculative shifts
from dollars into gold also induced
foreign private banks and other holders
of dollars to replenish their dollar
assets and to expand their holdings
somewhat above those at the previous
peak in the middle of 1960. The
increase in U.S. liquid liabilities, therefore, was absorbed to a relatively
large extent by private foreign holders
while dollar holdings by foreign official
organizations expanded considerably
less. This distribution differed greatly
from that in 1960 when nearly the
entire rise in the foreign dollar holdings
was absorbed by foreign monetary
authorities.
SURVEY OF CURRENT BUSINESS
26
The shifts of foreign funds between
official and private holders and between
dollar assets and gold, which reflect
to a large extent movements not
direct!}" related to the economic conditions affecting the U.S. balance of
payments, such as shifts of dollar
funds between foreign countries,
Changes in monetary policies by foreign
monetary authorities, or political disturbances, do not affect the overall
balance as measured here, but nevertheless can have important effects on
our gold holdings and thus on our
international liquidity position.
1960 BACKGROUND
The overall similarity of the major
types of transactions during 1960 and
1961 viewed as a whole obscures,
however, quite significant differences
in the changes during that period.
The year 1960 was characterized by
a rapid rise in business activity in the
major industrial countries in Europe
and in Japan, and by a slo\v contraction at home. The strengthening of
the economies of these countries, and
of their foreign balances, also facilitated
a continued dismantling of exchange
restrictions, particularly on capital
movements. These restrictions were
initially intended to limit the outflow
of capital from these countries. For
the same reasons, however, they also
weakened their ability to attract capital from the United States. Since
economic growth and earning opportunities on new investments were larger in these countries than in the United
States? the greater freedom for capital
transfers accelerated the outflow of
capital from the United States.
The expansion of business activity
abroad and the contraction in this
Country had the dual effect of raising
the surplus on goods and services, but
at the same time of increasing the
outflow of U.S. capital. From the
first to the fourth quarter of 1960 the
balance on goods and services excluding transfers financed by the Government rose by about $700 million ($2.9
billion at an annual rate), while the
net outflow of private U.S. and foreign
capital (other than changes in foreign
liquid balances) increased by over $1
billion, or without an exceptionally large
direct investment transaction at the
end of the year, by about $700 million.
The rise in the trade balance was
initially the result of rising exports,
but around the middle of the year
exports appeared to have stabilized.
This applied also to exports to Europe.
Exports to Japan continued upwards,
but they declined to other countries
(omitting shipments financed by the
Government), including Canada and
Latin America. The pattern of exports
changed slightly, however. The initial
strength was mainly in raw materials
and semimanufactures. Later in the
year some of these exports weakened,
but those of machinery, probably reflecting orders received earlier, continued up.
The growing importance of capital
movements
The increase in the outflows of U.S.
capital in 1960 followed more or less
the same pattern as the rise in exports.
The rise to Europe was in all categories
of capital movements, direct investments, purchases of securities, longand short-term bank loans and commercial credits. The increase in the
capital outflow of Japan was mainly in
short-term bank credits, because Japanese regulations on borrowing by banks
and commercial concerns were relaxed,
while other forms of capital imports,
particularly through direct investments,
remained under strict control. The
large rise in the capital outflow in that
year not only reflected the large demand
for capital abroad, but also the rising
liquidity of domestic banks and industrial enterprises. The increase in domestic liquidity was the result of the
reduced business activity at home, and
was reinforced by monetary policy
designed to increase lending facilities
of the banking system.
To some extent, the capital outflow
during the latter half of 1960 may have
embraced speculative movements involving future exchange rates. Such
capital movements by U.S. investors
would have given rise to claims denominated in foreign currencies, particularly European. The amount of
such outflows reflected in available statistics during that period was not more
February 1962
than $200 million, however, and a large
part of that amount reflects capital
outflows to take advantage of higher
earning opportunities on foreign assets
than on comparable domestic investments. Some capital movements of
that type may not have been recorded
in the available statistics and may be
reflected only in the "Errors and Omissions ", but, of course, it is not possible
to determine the types of transactions
resulting in such unrecorded payments.
The sharp rise in the capital outflow
through bank and commercial credits
in 1960 has sometimes been interpreted
to reflect temporary and quickly reversible factors, such as speculation on
Table 1.—U.S. Balance of International
Payments 1959, 1960, and 1961 *
(Billions of dollars)
Change
1960-61
(+ indicates
improvement)
19591
1960
1961
29.7
23 5
15.3
3.1
5.1
.8
31.4
23 3
14.7
-0.6
32.0
23 1
+ 2
14.5
H-.2
30
5.6 .........
.9
3.0
3.4
Recorded transactions other
than changes in holdings of
gold and convertible currencies by U.S. monetary authorities and in liquid liabilities
U.S. expenditures abroad,
total
U S imports
Merchandise
Military expenditures
Other services
Remittances and pensions.
Government grants and
capital outflow _ _
(of which dollar payments
to foreign countries and
international institutions). -.. - _ . _ _ _ _ U.S. private capital
(of which "short-term") U.S. receipts from abroad,
totaL
U S exports
Merchandise
_ _ _ _.
(other than Government
financed) Services, investment income, military sales
Repayments of U.S. Government loans
Foreign investments in the
United States.
. ..
(of which commercial
credits).
. ._
Transactions unaccounted for
(net receipts +, payments — )
Balance
Consisting of: 2
Sales of gold
Changes in liquid liabilities
to:
International Monetary
Fund
.__
_ .__
Other international organizations
Foreign central banks
and governments
Foreign private banks__.
Other foreigners
(na)
3.0
5.6
.8
4.2
(1.2) (1.4)
-.8
3.9
3.8
(-.2)
+.1
(-.1)
25.5
23 7
16.3
28.1
27 3
19.4
30.2
28 3
19.9
+2.1
+1 0
+.5
(na)
(17. 6) (17.5)
2.4
C D (1.3) (1.4)
(-.1)
7.4
7.9
8.4
+.5
1i
6
13
+7
.7
.2
.6
+.4
(.2)
(.3)
(. 1) (-.1)
+.5
-.6
—.6
-3.7 -3.9 -2.4
+1.5
.7
1.7
.7
+1.0
.6
.7
-.1
+.8
1
3
3
.9
1.1
3
1.2
.1
.6
.6
3
+.6
-.5
_ 4
x Preliminary.
na Not available.
1 Excludes U.S. subscription to International Monetary
Fund.
2 In 1961 includes convertible currencies held by U.S.
monetary authorities.
February 1962
future changes in the value of the
dollar or other currencies, or temporary
investments of liquid funds to take
advantage of short-term movements in
interest rate differentials. Actual data
available do not suggest that such motivations were the predominant element,
although they may not have been
entirely absent.
Of the total recorded outflow of
"short-term" capital in 1960 of about
$1.3 billion, the outflow to Western
Europe w^as about $400 million, and
about half of that amount was invested
in deposits or other foreign assets denominated in foreign currencies, such
as foreign Treasury bills. Most of the
remainder presumably were the more
usual commercial and financial types
of credits. Close to $500 million represented credits to Japan, about $200 million to Latin America, and about the
same amount to Canada. The rise in
short-term capital outflows to Canada
just about compensated for the decline
in Canadian borrowing through new
issues of dollar bonds. By far the larger
part of this capital movement seems to
reflect longer lasting economic relationships between this country and the rest
of the world which are also reflected in
other international transactions, particularly trade. In fact, very little of
the recorded "short-term" capital outflow was reversed in 1961.
SURVEY OF CURRENT BUSINESS
of the year imports were approximately
at the rate which could be expected on
the basis of the current level of business
activity and inventory movement according to the experience during the
preceding 10 year period. Much of the
rise over the year was in raw materials
and semimanufactures including steel,
but imports of finished products also
expanded, particularly machinery, airplanes, and steel manufactures.
The expansion of business activity
here did not reduce the liquid financial
resources of industrial enterprises or
banks, as indicated in an earlier chapter.
The capital supply in the country
remained ample relative to require-
27
ments, partly because of the prevailing
monetary policies, partly because productive capacity in most industries was
sufficient to meet the current demand.
As a result, conditions in the capital
markets did not change materially from
those prevailing during the latter part
of 1960, generally favorable for capital
exports, provided conditions abroad
continued to be attractive for capital
investments.
Capital movements to Japan continued at a relatively high rate during
the first half of the year and stopped
when the indebtedness of that country
on short-term funds had reached the
point when further such lending appeared inadvisable.
U.S. BALANCE OF PAYMENTS*
Year 1961 Improved Over I960
But Adverse Balance Again Rose in Second Half
Billion $
10
DEVELOPMENTS IN 1961
In 1961 the relative courses of business activity in the United States and
in the other industrialized countries
changed. Here, business started to expand in the early spring, but in some
of the European countries, particularly
the United Kingdom and Germany, the
rate of expansion slowed down and in
some of these countries production
declined slightly. In other European
countries, particularly France and Italy,
and in Japan business continued to rise
vigorously. Canadian business, which
was relatively slack during 1960, also
moved up again.
The effect of the rise in domestic
business activity on merchandise imports was delayed until late spring but
in the summer quarter imports rose
very rapidly, compensating partly for
the earlier lag. During the second half
1946
1946
48
50
50
52
54
56
58
60
62
52
54
56
58
60
62
Seasonally Adjusted (Beginning with 1950)
^Excluding Military aid and U. S. Payments to IMF
U. S. Department of Commerce, Office of Business Economics
28
Capital outflows to Europe through
direct investments continued at the
high 1960 rate, but purchases of
European securities were smaller.
Short-term capital movements reflected
in the statistics were relatively small,
and for most of 1961 as a whole more
or less cancelled out as European business expansion slowed down, and monetary authorities attempted to reduce
capital outflows from this country.
At the end of the year outflows rose
again, but a large part of that movement was due to special factors arising
at the end of the year and was reversed
again early in 1962.
The expanding economy of Canada
attracted larger amounts of U.S. capital
than in 1960, much of it in the form of
short-term funds, while the outflow
of capital through direct investments
lagged somewhat. This reflects the
nature of Canadian business expansion,
which, less so than in previous years
was based on investments in resource
developments for which U.S. direct
investment capital provides a major
share of the financing.
Capital outflotv continues large
Overall, the outflow of U.S. capital in
1961 was about as large as in the preceding year, and that was also the case
with, respect to the funds classified
by reporting concerns as "short-term."
The fact that the "short-term 7 ' U.S.
capital flow reported by banks and the
major commercial enterprises were
steadily outwards and for the year as
a whole continued high, suggests that
the major part of this type of capital
is not influenced by quickly changing
factors, resulting in major shifts of
funds in and out of the country, but
reflects more fundamental economic
conditions, and the need to finance our
trade, investments, and other regular
transactions.
Exports, other than those financed by
Government grants and loans, continued close to the peak reached in the
first quarter of 1961. This relative
stability reflected in part the divergent
trends in business activity abroad, and
perhaps also the changes in exchange
rates of currencies of countries important in U.S. and world trade. In
March, the value of the German and
Netherlands
currencies were raised by
about 5 percent and since June the
SURVEY OF CURRENT BUSINESS
Canadian rate has declined from about
1 percent above the U.S. dollar to 4
percent or more below. While the
changes in the German and Netherlands rates may be expected to have a
favorable effect on U.S. exports, those
of the Canadian rate would have a
dampening effect.
Other foreign developments which
may have affected U.S. trade were the
consolidation of the tariff rates of the
European Common Market and the
Free Trade Area which would tend to
raise difficulties for U.S. exporters
resulting from higher tariffs on U.S.
goods than on those originating within
these areas. These same developments
tended to encourage investments in
these areas which provided a strong
market for U.S. capital equipment,
thus offsetting the dampening effects
on U.S. exports resulting from the
tariff changes.
With exports more or loss stable during the year, but with imports rising
and capital outflows remaining high and
rising sharply in the first quarter of last
year, the overall balance deteriorated in
the course of 1961. In part, the relatively large rise in capital outflows arid
in the deterioration of the overall balance in the fourth quarter may have
been due to transactions which are not
likely to continue, but a more definite
analysis will have to wait until more
data for that period will be available
for the March issue of the Survey. It
is possible, therefore, t h a t the deterioration in the overall balance at the end
of last year represents a transitory
phase, but even allowing for t h a t possibility, the U.S. position continues to
require substantial improvement.
Measures to improve balance
Various measures were taken by the
Government to obtain such improvement, and others were incorporated in
legislative proposals submitted to the
Congress.
As indicated earlier, a substantial
improvement in the balance of payments was obtained as a result of
advance repayments by various foreign
governments, particularly Germany, of
loans obtained in the early postwar
period.
Subsequently negotiations
have been opened with certain foreign
countries to increase their contribution
to the common defense and to the
February 1062
economic advance of less developed
countries. These actions will lead to
higher exports, but will also redistribute
somewhat the burden of such expenditures, which has been particularly
heavy on the United States and probably is a factor contributing to the
difficulties of this country in international competition.
Other measures were adopted to prevent or at least to dampen erratic
movements of speculative capital. The
President's message on February 6 of
last year had that effect, but active
interventions by the Treasury in the
exchange markets provided a more continuous field of action. Active intervention by U.S. monetary authorities
in the foreign exchange markets had
been suspended for about 30 years.
These activities will be enlarged by
similar actions by the Federal Reserve
authorities, as has been announced recently. To achieve a greater stability
in the exchange markets, agreements
for cooperation have been concluded by
the central banks of the major countries, and the potential financial resources of the International Monetary
Fund have been substantially enlarged.
More important in the longer run,
however, are measures designed to increase the competitive position of U.S.
industry relative to foreign producers,
and to limit capital outflows by making
investments in the United States more
attractive relative to those abroad.
Exports are being stimulated by special
activities by the Department of Commerce designed to assist potential exporters, credit insurance has been set
up recently, and consequently credit
facilities for export financing have been
widened.
Measures have also been taken or
congressional actions suggested to stimulate investments in American industry, to stabilize the overall price level,
and to foster competitive activities by
business which result in better products
or lower prices. These measures go to
the heart of the problem underlying the
adverse balance of payments. It would
be entirely unrealistic, however, to expect major changes in the balance of
payments within a short time. What
is important in the longer run is that
the need for these measures has been
recognized and concrete actions taken
to put them into effect.
BUSINESS STATISTICS
urrent
I HE STATISTICS here update series published in the 1961 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY
OF Ci;RRE?s 7 T BUSINESS. That volume (price $2.00) contains data by months, or quarters, for the years 1957 through 1960 (1951-60, for major
quarterly series) and averages of monthly or quarterly data for all years back to 1939; it also provides a description of each series and references
to sources of earlier figures. Series added or significantly revised after the 1961 BUSINESS STATISTICS went to press are indicated by an asterisk
(*) and a dagger (t), respectively; certain revisions for 1960 issued too late for inclusion in the aforementioned volume appear in the monthly
SURVEY beginning with the July 1961 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal
variation.
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.
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
| 1960 | 1961
1959
I
Annual total
II
1960
III
IV
I
II
1961
III
IV
I
j
II
1962
III
IV
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
bil $
399 6
417 1
430 2
390 7
405 2
399 4
402 8
413 5
419 2
419 0
416 5
412 2
426 0
434 3
__do _
278.4
293.7
302.9
270.6
280. 0
280. 5
282.4
290.2
294. 6
296. 0
294. 0
292. 6
300. 2
306.2
312.7
Wages and salaries, total
Private
Military
Government civilian
do
do
do
do
258.5
213 2
9 9
35 4
271.3
223 0
9.9
38 5
279
227
10
41
251.4
206 7
9 9
34 8
260. 1
215. 0
9.9
35 3
260. 3
214.8
9.9
35 7
261.9
216 0
9.8
36 1
268. 3
221. 4
9.8
37 1
272.4
224. 6
9.8
38 0
273.2
224.2
9.9
39 1
271.3
221.6
10. 0
39 7
270 1
219. 7
10.1
40.3
277.3
226. 0
10. 1
41.2
282.7
230 7
10.2
41 9
288.7
234.7
11.1
42. H
Supplements to wages and salaries
do
20.0
22.4
23.2
19.2
19.9
20. 2
20.5
21.9
22. 2
22. 7
22.7
22 5
22.9
23.4
24.1
46.3
35 0
11.3
11 9
48.2
36 2
12. 0
11 7
49. 6
36 5
13. 1
11 5
46.6
34 1
12.5
12 0
46.7
35.2
11.5
11.9
45. 9
35.3
10.6
11.8
46. 1
35.3
10.8
11.7
46.3
35.8
10.5
11.7
48.6
36. 4
12.3
11.7
48.7
36. 3
12.4
11.7
49. 0
36.3
12.7
11.7
48.9
36. 0
12. 9
11. 5
49 2
36. 3
12.9
11.5
49.4
36 6
12.8
11 5
50.8
37,2
13. 6
11.5
National income total
Compensation of employees, total.
Proprietors' income, totalcf
do
Business and professionald"
do
Farm _ __
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
_
bil. $
7
8
4
5
46.4
45.1
46.2
45.3
50. 2
44.4
45. 5
47.4
45.9
44. 1
42. 9
40. 0
45.5
47.0
do
do
(o
do
46 8
23. 1
23. 7
— 5
45 0
22.3
22 7
.0
46 1
22.8
23.3
.1
46 1
22 8
23.4
44. 8
22. 1
22 7
— .4
44. 9
22. 1
22.7
48. 1
23. 9
_ 0
51. 5
25.4
26. 1
— 1.3
— 7
46.3
23.0
23. 3
— .4
43.2
21.4
21.7
.9
42.6
21. 1
21.4
.3
39. 6
19.6
20 0
.4
45.2
22.4
22. 8
.3
47 2
23 3
23.8
o
do
16. 6
18.4
20.0
16. 2
16.4
16.7
17.0
17.8
18. 3
18. 6
18.9
19.2
19. 6
20 2
20.7
do
482. S
504. 4
521.3
472 9
488. 5
482. 3
488. 3
501.5
500. 4
505. 1
504. 5
500. 8
516. 1
525 8
542. 2
Personal consumption expenditures, total do
Corporate profits before tax total
Corporate profits tax liability
Corporate profits after tax
Inventory valuation adjustment
Net interest
_. _ __
Gross national product, total
—.3
314. 0
328. 9
339, 0
305. 8
313. 6
316.5
320. 0
323. 8
329.9
329.7
332. 3
330. 7
336. )
341 0
348. 4
Disable goods total 0
\utoniobiles and parts
Furniture and household equipment
do
< o
do
43 5
1« i
18 9
44 3
18 6
18.8
42 3
1C) 8
18.6
41 6
17 2
18.0
44 5
19 0
18.9
44 4
18 4
19 2
43 7
17 6
19.3
44 7
45 3
10 3
19.0
43 4
17 8
18.7
43 8
39 4
14 8
17.8
49 0
16 7
18. 3
49 3
16 4
18 8
45 5
19 3
19. 1
Nondurable goods total ®
Clothing and shoes
Food and alcoholic beverages
Gasoline and oil
do
do
do
do
147 3
27.4
78.0
13.0
152 4
28. 1
80. 1
11.0
155 5
28. 4
81.8
11.8
144 9
20 5
77.4
10 7
147 3
27.8
78.1
1 0. 9
147 7
27. 6
77.8
11. 1
149 3
27. 8
78.7
11. 1
150 5
28. 1
153 3
28. 3
80 6
11.0
152 7
2S. 3
79. 9
11 6
153 1
80. 8
11 8
153 7
07 9
81. 1
11 7
154 1
27. 0
81.4
11 7
156
9
8
81
11
?
6
9
8
158 1
29 5
82. 7
11 8
Services, total ©
. .
Household operation
Housing
Transportation
_
(o
do
< o
do
123. 2
18 1
39.9
10.0
132.2
19.6
42.2
10.5
141
21
44
10
Ii9. 4
17 5
39 3
9.5
121.9
17 8
39. 8
9. 8
124.4
18 2
40. 1
10.2
127. 0
18 9
40. 5
10. 2
128.6
131.2
lc> 5
41.9
10.5
133. 6
19 7
41>. 7
10. 5
135.4
'-"O 0
43. 1
10. 5
137. 5
'/O 6
43. 6
10.5
139.9
20 9
4 1. 2
10.7
142 4
21 l>
44 (8
10 )
144 9
21 6
45. 5
11.0
_ _
2
0
5
X
l^ s
19. 1
78. i:
11 4
19 :>
41. 1
10. 4
18 6
18. 3
Gross private domestic in vestment, total - do. _
72.4
72.4
69.0
70.4
79.1
68. 2
71.8
78.9
74. 6
70. 5
05 6
59.8
68. 8
73 2
76.6
New construction .
do
Producers' durable equipment- __ .. .. do_ _
Change in business inventories .. - do
40.2
25.9
6.3
40.7
27.5
4.2
41 7
25.7
2 2
39. 0
24.3
7.1
41.2
26. 3
11.7
41.0
26. 6
.7
39. 6
2(5 6
5.6
40. P
27 1
10.9
40. 7
28.6
5.4
40.4
27 7
2.4
40.7
26.7
39. 6
24.2
-4.0
41.3
24.7
2.8
42 7
26 0
4 5
43 3
28.0
5.3
— .7
23 1
23.8
3.0
26 7
23.6
4 0
27 4
23 4
— .6
22 1
22.7
— 1.7
2? 3
24.0
24 0
24.5
.0
24 1
24.0
1. 8
25 6
23.9
2.3
26 7
24.4
3.0
26 8
23.8
51
27 6
22 4
5 3
27 6
22.3
39
26 4
22.5
26
27 0
24 3
4 0
28 5
24 5
97.1
53.5
46.2
43 6
100.1
52.9
45.5
47 2
108.7
57.3
49.2
51 4
96.7
53. 2
45.9
43 5
97.5
53.9
46. 5
43 6
98.1
54.1
46.3
44 0
96.5
52.9
45.9
43 6
96.9
51.8
45. 5
45 0
99. 6
52.9
45. 5
46 8
101.9
54.0
45.4
48 0
101.6
53.0
45 7
48 6
105. 0
54.7
47.2
50 3
107. 3
56. 6
48.8
50 6
109
57
49
51
0
4
0
6
113 2
60. 0
51 7
53 2
476 5
244. 0
91 3
152.8
176 2
56.3
500 2
254. 3
94.3
160. 0
189.3
56.6
519 1
256. 8
92 7
164. 1
203 6
58.8
465 2
238.3
88 1
150.2
170 7
56.2
476 8
244. 6
92.4
152.2
174 2
58.1
481 6
247.1
93 6
153. 5
177 6
56.9
482 7
246. 1
90 9
155. 1
182 2
54.4
490 5
250.9
93 1
157 8
183 8
55.8
501 0
256. 9
96 3
160. 6
187 7
56 4
5Q9 7
254.8
94 2
160. 6
191 2
56.7
506
254.
93
161
194
57
4
6
4
3
6
2
504 8
249.7
87 4
1 62. 3
197 9
57 2
513 2
254.3
91 2
163.0
201 1
57 9
521
256
92
164
205
59
3
9
6
3
1
2
537 0
266' 3
99 6
166 7
210 0
60 7
6.3
36
2.6
4.2
2 5
1.8
2.2
1
2.0
7.1
5 4
1.7
11.7
88
2.9
—2 0
2.7
5 6
2 4
3.2
10.9
9 4
1.5
54
39
1.5
2 4
4
2.0
—1 9
—3 8
2.0
—4 0
—5 8
1.8
3.2
4 5
35
LO
5 3
31
2.2
Net exports of goods and services
Exports
Imports
_
do
do
do
Government purchases of goods and services, total
bil $
Federal (less Government sales)
do. __
National defense 9
_ _._
do
State and local
do
By major type of product:*
Final sales total
Goods output, totaL __ _
Durable goods output
Nondurable goods output...
Services _ _
Construction ...
...
Inventory change, total _ _
Durable goods output
Nondurable goods output
do
do_ _.
do
do_ __
do
_. do
do
do
do
-1.9
2 8
Q
T
Revised.
d" Includes inventory valuation adjustment.
0 Includes data not shown separately.
9 Government sales are not deducted.
*For quarterly data back to 1947, see p. 34 of the July 1961 SURVEY.
s-i
I
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1961
1960
1959
I
Annual total
II
February 1062
1961
1960
III
I
IV
11
III
IV
I
II
1962
IV
III
I
GENERAL BUSINESS INDICATORS— Quarterly Series— Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
GNP in constant (1954) dollars
Gross national product, total
bil. $
428.4
440.8
448.8
422.1
434. 4
426. 6
430.7
441.0
443.4
440.2
438.4
433.2
445.5
451. 8
464. 6
Personal consumption expenditures, total ..do
289. 3
298.3
303.6
283.8
289.7
290.8
292.8
295.4
299.5
298.6
299. 6
297.0
301.6
305. 0
310.8
41.0
138.8
109 5
41.8
141.8
114.7
40.1
143.6
119.9
39.2
136.8
107.7
41.7
139.3
108. 8
41.6
139.2
110. 0
41.4
140.0
111.4
42.1
140. 9
112.4
42.5
142. 9
114.2
40.8
142.0
115.8
41.6
141.3
116.6
37. 6
141.6
117.8
39.8
142.6
119.2
39.9
144. 5
120.6
43.1
145.9
121.9
Durable goods
Nondurable goods
Services
_ _.
do
_do___
do
61.1
60.6
57.7
59.9
66.9
57. 3
60.4
66.6
62.3
58. 6
54. 9
49.6
57.3
60.4
63. 5
New construction
Producers' durable equipment
Change in business inventories
do
do
do
34.3
21.3
5.5
33.9
22.7
4.0
34.4
21.2
2.1
33.7
20.1
6. 2
35.2
21.6
10. 1
34.7
21.7
.8
33.4
21.9
5.0
34. 3
22.4
9.9
33.9
23.4
4.9
33. 6
22 7
2^3
33. 9
22.1
-1.1
32.9
19.9
-3.2
34.1
20.3
2.9
35.1
21.4
3.9
35.6
23.1
4.7
Net exports of goods and services
do
-2.1
1.7
2.0
9 2
-3.2
-1.9
-.9
.6
1.0
1.6
3.5
3.3
1.9
.6
2.0
80.1
43. 9
36.2
80.2
42.3
38. 0
85. 5
44.9
40. 6
80.7
44.2
36.5
81.0
44.6
36. 4
80.5
44.0
36. 5
78.4
42.7
35.8
78.4
41.7
36.7
80. 6
42.7
37.8
81.3
42.9
38.4
80.3
41.6
38.7
83.3
43.1
40.2
84.7
44.7
40.0
85.7
45.0
40.8
88.3
46. 8
41.4
383. 3
46.0
337. 3
402. 2
50.4
351.8
416. 7
51.8
364. 9
374.7
44.9
329. 8
384. 6
46.1
338. 4
385. 1
46.4
338. 7
38<v 9
46. 6
342. 3
395. 5
49.9
345. 7
403. 1
50. 5
352. 7
405.1
50. 8
354. 4
405. 4
50. 5
354. 9
404.7
50. 3
354. 3
413.2
51.4
361.8
420.3
52. 5
367.7
428. 6
53.1
375.6
23 4
22 9
25.8
23.9
24.8
22. 3
22.3
21.8
22.8
24.6
22.7
23.7
25.8
26.8
27. 1
Gross private domestic investment, total. ..do
Government purchases of eoods and services, total
bil. $_.
Federal
_..
do _.
State and local
do
DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
„ _
bil. $
Less' Personal tax and nontax payments
do
Equals: Disposable personal income
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals or averages:
All industries
bil. $..
8.14
8.92
2 8. 62
6. 91
8.32
8.32
8. 99
7.89
9.28
8.98
9.53
8.61
8.65
i 9.67
-98.11
Manufacturing
Durable goods industries
Nondurable goods industries
do ...
do
do
3.02
1.44
1.57
3.62
l.SO
3 . 82
3.43
1.57
1. 86
2.46
1.14
1.31
3. 02
1-45
3.02
1.44
1.58
3. 57
1.74
1.83
3. 09
1.55
1 . 54
3.76
1.88
1.88
3. 62
1.80
1.81
4.01
1.95
2. 06
3.00
1.41
1. 59
3.46
1.58
1.88
3.34
1.50
1.84
3.92
1.79
2.13
3. 17
1.45
1.72
Mining
Railroads
Transportation, other than rail
Public utilities
do
do
do
do
. 25
.23
.51
1.42
2. 72
.25
.26
.48
1.42
2.89
25
. 17
.46
1.39
2.93
.21
io
.41 |
1.20 i
2.47 |
.24
.26
. 26
.28
.53
.54
1.47
1.48
2. 79 I 2.74
27
.22
.55
1.51
2.87
2'^
.25
.47
1.18
2.69
.27
.29
.55
1.42
2. 99
!24
.47
1.50
2.90
.24
.25
.46
1 . 58
2.99
.21
.17
.41
1.09
2.69
.26
.18
.48
1.39
2.85
.25
.16
.47
1. 50 |
2.94
. 16
.49
1. 59
3. 24
22
.17
.40
1. 10
3.04
Seas. adj. qtrly. totals at annual rates:
All industries
do
30.62
32.51 | 33.35
33. 58
35.15
36.30
35. 90
35. 50
33. 85
33.50
34. 70
do
do
11.20
5.26
5 ( >4 1
11.80 i 12.25
5.74 i 5.839
6 06
6 4
12.87
6. 1 6
14.10
7.15
6 95
14. 70
7.40
7 30
14.65
14.40
7.35 ! 6.85
7.30
13.75
6. 50
7. 25
13. 50
6.20
7.30
13. 65
6. 10 i
7. 55
14. 00
6.35
7. 65
14. 55
6. 70
7.85
.95
.63
1.71
5 80
10 33
.94
1.00 :
2.08
5 8'> ;
10. 87
1.01
1.04
1.28 !
.85
2.17
2.15
5 5X
5 4S
1 1 . 06 11.19
1 . 00
1 . 00
2. 00
1 . 05
1.10
2.15
11.35
1L60
1.00 i
1 . 00 i
1 . 90
5. 60
11.75
.90
1.00
1.80
5. 70
11.65
.95
. 70
1.75
5. 35
11.30
1.00
.70
1.80
5. 50
11.05
1.00
.65
1.90
5. 65
11. 85
1.00
. 60
1.90
5. 70
12.65
1.00
. 70
1.80
5. 50
12. 90
4.635
4,655
4.670
4, 690
4. 710
4, 725
4, 730
4, 740
4,755
4, 770
4, 780
Manufacturing
Durable goods industries
Mining
do
|- Railroads
do
i _ __
Transportation other than rail
do
'
Public utilities'
do
!
Commercial and other
do
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally ad- :!
justed)
_ _ _
-thous - 4, 583
U.S. BALANCE OF INTERNATIONAL
PAYMENTS^
Quarterly Data are Seasonally Adjusted
I S payments recorded
mil $
3
4, 660
34,717
i
!
'
;
4,615
<\
71
!
29, 743
31,412
7. 034 ;
7. 474
7, 565
7. 670
7, 567
7, 690
7,941 1
8.214
7. 768
7,330 ! 8, 033
15.294
3, 109
5 134
791
3. 040
14,722
3, 048
5 557
848
3.381
3, 974
786
1,303
214
746
3. 858
7o4
1.337
206
760
3, 830
/o6
1,438
213
843
3,674
/ 98
1.402
207
775
3. 433
3, 394
1,373
198
750
1,344
230
1.013
1,366
210
1 , 000
3, 400
761
1 361
221
822
do
do
do
do
2. 375
1,372
926
77
3, 856
1,694
850
1.312
3, 601 1 3. 861
789
780
1 222
1,272
184
187
741
793 |
i
454
624
347
337
206
280
-89
-3
3, 785 !
do
do
do
542
326
205
11
755
362
158
694
344
194
156
610
260
267
83
1, 085
406
145
534
1.467
684
244
539
1.039
500
-20
559
do
25, 472
28, 131
6,109
6, 137
6. 495
6.731
6.914
7,069
7,041
7.107
7.447
765
330
320
115 1
7, 987
Exports:
M erchandise
Services and military sales
Repayments on U.S. Govt. loans
Foreign capital other than liquid funds
do
do
do
do
16,282 19,409
7. 427
7. 891
1,054
631
200
709 1
3. 866
1,819
307
117
3, 924
1,793
158
262
4. 299
1.856
159
181
4. 193
1,959
430
149
4. 650
1.915 1
168
181
4,837
1,991
148
93
4, 927
1.927
170
17
4, 995
2. 058
145
-91
5, 054
2. 062
132
199
4,763
2, 119
830
275
4. 945
2. 020
80
K \cess of recorded receipts or payments ( — )
do
-4,271 -3, 281
-925
-939
-653
-621
-900
-1.107
-321
657
-984
271
33
-142
-212
[in ports:
Merchandise _
_
_ _
Ot'ier Service^
Remittances and pensions
(}{)\t. grants and capital outflows
.
_
I" 8 private capital
Direct investments
Long-term portfolio
Short term
U.S. receipts, recorded
Unrecorded transactions
Total net receipts (-f~) or payments ( — )
Minor special transactions
_do___
-do
do
do
528
-648
—3 743 !— 3 929
335
-524
84
-1,337 -1.070
276
-103 j
-841 -1.061 -1.173
150
100
-668
9R5
-620
1
-327
-25
-763 -1,112 -1.434
-346
80
— 444
-409
248
i 35. 90
2
36. 50
3, 852
725
1, 451
211
1.014
780
113
138
229
7. 049
125
—859
724
-991
-961 -1.173 ! -953
-620 ! -683 -1,112 ! -990
-346
-784
-476
Total, excluding special transactions
do. _ _ -4, 078 -3, 405
3
r
Unadjusted. Data represent firms in operation as of Jan. 1.
Revised.
i Estimates for Oct.-Dec. 1961 based on anticipated capital expenditures of business.
§ Personal saving is excess of disposable income over personal consumption expenditures
shown as a component of gross national product on p. S-l.
• Estimates for Jan.-Mar. 1962 based on anticipated capital expenditures of business.
Anticipated expenditures for the year 1961, and comparative data for 1959-60 appear on p. 6
INote change in presentation; unadjusted data, as well as adjusted data for earlier periods,
the December 1961 SURVEY.
appear in the March, June, September, and December issues of the SURVEY (front section).
Digitized forofFRASER
SURVEY OF CUREENT BUSINESS
February 1962
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
Monthly
average
1961
1960
Dec.
S-3
Jan.
Feb.
Mar.
Apr.
May
June
1962
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan .
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCE
416. 7
404. 0
403. 6
403.1
2 405. 5
407.3
409.8
413.2
417.3
*418.6
421.2
419.4
421.1
425. 2
429.3
'431.8
43u. 3
271.3
279.7
269.6
269.6
269.5
271. 1
274.6
277.2
280.7
282.3
282.8
284.0
286.4
289.4
' 290. 7
290. 1
110.4
87.4
71.8
111.2
87.8
73.4
106.2
84.0
71.8
106. 2
83.8
71.8
105.6
83.5
71.8
106.5
84.1
71.8
109.1
86.1
72.3
110.5
87.6
72.9
112.7
88.9
73.5
113.2
89.3
74.0
112.9
89.0
74.2
112. 9
88.8
74.7
114.1
115.8 '115.6
91.3 '91.4
74.7 ' 75.4
do
do
do
40.7
48.4
10.9
43.1
51.9
11.1
41.7
49.8
11.3
41.6
50.0
11.0
41.7
50.4
10.7
42.1
50.7
10.6
42.3
51.0
10.7
42.5
51.3
10.8
42.9
51.6
11.0
43.3
51.8
11.1
43.6
52.1
11.2
44.0
52.4
11.2
44.4
53.1
11.4
44.7
54. 2
11.5
' 45. 1
54.6
11.7
45. 2
54.9
11. H
do
do
36.2
12.0
36.5
13.1
36.0
12.8
36.0
12.8
35.8
12.9
36.0
13.0
36.1
12.9
36.3
12.9
36.4
13.0
36. 6
12.9
36.6
12.8
36.8
12.7
37.0
13. 5
37.3
13.8
37.4
13.5
37. 4
13. 3
11.7
14.1
26. 2
29 1
11.5
14.4
27.3
32.9
11.6
14.1
26.7
31.0
11.6
14.2
26.8
31.1
11.5
14.2
26.8
31.1
11.4
14.2
26.8
2
33.7
11.5
14.2
26.8
32.5
11.5
14.2
27.0
33.0
11.5
14.3
27.1
33.0
11.5
14.3
27.2
35. 2
11.5
14.3
27.4
32. 5
11.5
14.4
27.5
32. 7
11.5
14.5
27.7
33.1
11.5
14.8
27.9
33.2
11.5
15.5
28.2
33.4
28. n
9.3
9.7
9.2
9.6
9.4
9.6
9.6
9.7
9.8
9.8
9.8
9.8
10.0
10.1
10. 1
10.2
386. 2
399.4
387.2
386. 8
386. 2
390. 4
392. 9
396. 4
400. 2
404. 0
402.4
404. 1
407, 2
410.9
' 413.6
412. J
2, 892
3, 020
3, 268
3,123
2, 272
2, 278
2,171
2,478
2,568
2, 785
3,081
3, 426
4, 771
3, 995
3, 291
2,834
Farm marketings and CCC loans, total
do
1,256
Crops
do
1, 578
Livestock and products, total 9
do
395
Dairy products
do
882
Meat animals
_
do
274
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
116
All commodities
_ 1947-49=1 00. .
117
Crops
do
Livestock and products
- do
116
Indexes of volume of farm marketings, unadjusted:
133
All commodities
.1947-49=100130
Crops
do
134
Livestock and products
__
do
2, 896
1,292
1,604
407
907
263
3, 221
1, 624
1, 597
403
854
316
3,077
1,448
1, 629
409
938
247
2, 250
788
1,462
377
819
238
2, 259
607
1,652
424
924
279
2,137
618
1, 519
417
823
249
2, 236
615
1,621
448
897
256
2,447
915
1, 532
427
832
246
2,714
1, 289
1, 425
411
748
243
3, 050
1,419
1,631
396
935
268
3,320
1,669
1,651
389
953
273
4,290
2, 409
1.881
399
1,164
295
3,783
2, 075
1, 708
388
1,015
290
3,192
1 . 658
1.534
401
837
268
119
121
118
132
151
117
126
135
120
92
74
107
93
57
121
88
58
111
92
57
119
100
85
112
111
120
105
125
132
120
136
156
121
176
225
138
155
194
125
131
155
113
134
129
139
146
168
130
144
163
131
102
81
118
103
57
137
97
53
130
106
52
147
120
90
142
131
134
129
141
139
143
151
159
146
198
243
165
176
209
152
145
163
131
106
111
113
116
115
113
f 1H
115
111
122
100
113
110
' 117
100
p 1U
p 109
p 119
p 99
Seasonally adjusted, at annual rates:
Total personal income
bil. $
Wage and salary disbursements, total
do....
Commodity-producing industries, totaLdo
Manufacturing only.
- 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
1
402. 2
1
2
2
2
89.9
74.8
114,3
90. f>
75.7
11. ;"
14. 9
33. I
FARM INCOME AND MARKETINGS
Cash receipts from farming, including: Government,
payments, total
mil. $_.
INDUSTRIAL PRODUCTION*
Federal Reserve Index of Quantity Output
?109
101
102
103
104
107
108
111
108
104
113
97
123
P109
v 103
P117
"98
P131
101
96
106
97
101
95
109
97
102
96
111
97
103
97
112
96
107
100
115
97
108
103
115
97
111
106
118
98
105
100
112
95
111
102
123
99
113
106
121
99
117
110
126
101
lo
lo_ lo_
lo___
lo
111
114
116
114
103
P112
P 116
p 104
106
108
108
108
101
106
109
101
112
101
108
111
104
114
101
107
111
104
113
101
110
113
112
114
102
110
114
113
114
102
113
118
119
117
103
109
112
104
115
102
113
119
97
126
102
116
121
114
123
105
' 119
126
126
126
106
* 117
122
129
120
108
116
119
127
116
110
lo
lo
lo
106
102
110
P106
p 100
"113
98
90
106
98
90
108
99
90
109
101
91
111
104
96
112
107
101
113
109
105
114
103
99
108
110
103
117
110
104
116
113
107
120
113
107
119
111
106
'117
Unadjusted, total index (incl. utilities). .1957= 100—
By industry:
Manufacturing total
do
Durable manufactures
do
Nondurable manufactures
do
Mining
do
Utilities
do
By market grouping:
Final products, total
Consumer goods
__ - _ _ _ _
Automotive and home goods
Apparel and staples..
_ .
Equipment, including defense.
Materials
Durable s:oods materials
Nondurable materials
__
Seas, adj., t o t a l index (incl. utilities)
By industry:
Manufacturing, total
_
p
p
p
p
v
116
120
122
119
108
" III
P 105
P US
do .
108
p 109
103
102
102
103
106
108
110
112
113
111
113
114
115
P 114
do
108
P109
102
101
101
102
105
108
111
112
113
111
113
114
115
p 114
do
do
do
do
do
104
90
88
106
104
P 103
p 88
96
69
64
101
98
95
71
66
97
97
94
73
69
96
94
95
74
69
96
94
99
82
79
99
96
103
90
86
105
102
105
92
89
107
106
107
95
91
1.08
107
108
98
92
111
110
105
99
93
105
105
107
96
90
110
108
109
"96
'90
112
107
110
100
97
113
106
•" 109
» 102
p 101
Machinery _ _
_
_.
Nonelectrical machinery
Electrical machinery
do_.
do
do
106
102
112
P106
101
96
108
101
96
109
101
96
108
101
95
108
103
98
109
104
99
112
107
101
116
110
103
120
109
102
118
108
102
116
' 108
102
117
110
103
119
112
104
r 123
Mil
" 103
p 123
Transportation equipment
Motor vehicles and parts
Aircraft and other equipment
do. _ _
do
do
102
115
89
p 97
93
97
89
89
89
88
88
86
88
88
86
89
94
99
88
99
108
90
101
113
88
102
114
91
103
116
90
95
95
93
101
107
93
106
' 116
'96
' 108
' 120
'96
p 103
p 112
p 93
Instruments and related products
Clay, glass, and stone products
Lumber and products
_.
Furniture and fixtures
Miscellaneous manufactures
_
do
do
do-..
do
do_. .
119
110
107
120
113
pl!8
116
103
96
114
107
116
101
100
111
107
113
100
99
111
108
113
103
100
112
107
113
105
106
115
110
116
107
107
117
114
1 19
112
111
121
117
119
114
111
121
117
122
114
109
123
116
121
112
107
123
116
121
111
103
124
119
123
110
'105
'128
121
123
106
106
128
'120
p 122
p 300
Nondurable manufactures
_._ .
Textile mill products
._ _ ..
Apparel products
Leather and products __ ...
Paper and products _
.. .
do. .
do. __
do
do. .
do.
113
109
124
100
112
pl!7
111
98
119
96
109
111
98
113
97
111
111
102
116
96
113
Durable manufactures 9
Primary metals
Iron arid steel _
Fabricated metal products
Structural metal parts
.
108
__
r
1
2
p 105
Revised.
p Preliminary.
The total and components are annual totals.
Italicized totals for March and July exclude s tepped-u p rate of, and special Governmerit life insurance dividend payments to veteran s, respec.tively; total disbursements of
$150 million (March) and $218 million (July) multip lied by ] 2 (to put on annual rate basis)
r
r
r
r
P 113
p 106
"p"i2s"
P 118
112
114
116
117
119
120
121
119
121
122
p 122
104
112
106
110
114
116
117
118
'118
119
120
120
120
123
130
127
125
130
' 130
132
96
100
100
104
103
101
104
100
106
] '>••>
1 99
r 109
1OK
113
117
117
118
123
117
amouritcd to $ 1.8 billio n (Marc h) and 52.6 billi :>n (July). Figures for transfer payments
and tf )tal nona gricultui al in co irie reflect ng siini ar exclusion are as follows: March —:$3l.tf
billion and $38£U> billiori; July— $32.5 bill ion and $401.4 billion,
9 Include? datanoi shown s 3paratel> .
J Data for 1960 have been revised to incorporate
more i ecent inf ormatiori; revisio ns prior o Aug. 1960 will be shown later.
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960 | 1961
1960
Monthly
average
Dec.
Februarv 1062
1961
Jan.
Feb.
Mar.
Apr.
May
June
1962
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION* Continued
Federal Reserre Index of Quantity Output — Con.
Seasonally adjusted indexes— Continued
By industry—Continued
Nondurable manufactures— Continued
Printing and publishing
1957 = 100
Newspapers
do
Chemicals and products
do
Industrial chemicals
do
Petroleum products
_. _
do_
Rubber and plastics products
Foods nnd beverages
Food manufactures
._
Beverages
Tobacco products
Minin0^
Coal
_ _
Crude oil and natural gas
Crude oil
Metal mining
Stone and earth minerals
_do_
do
_do_
do
do
127
108
112
100
120
125
106
111
104
119
125
106
110
102
118
124
106
110
104
120
127
106
110
105
123
130
108
111
105
127
135
111
113
106
129
138
111
114
107
132
141
116
114
107
132
142
115
114
107
132
143
110
114
107
133
'146
114
115
108
134
147
113
' 114
108
136
148
' 110
114
109
109
108
114
105
110
110
112
115
103
96
111
111
109
116
110
111
111
111
122
114
112
113
107
116
121
113
113
112
116
123
114
114
117
110
123
114
114
115
119
120
114
114
114
116
'124
110
111
113
102
110
110
108
116
116
116
116
123
124
116
116
116
123
115
115
98
81
99
98
107
109
98
78
99
98
109
111
96
77
98
98
106
106
96
68
100
101
106
107
97
77
101
101
92
110
97
81
100
100
86
114
98
77
101
101
89
116
98
77
101
101
90
118
99
81
102
103
90
114
97
82
99
99
94
113
100
84
101
101
99
115
101
'86
102
MOO
106
'111
101
'86
'103
101
113
104
*100
P86
P102
123
124
120
125
125
123
125
125
124
125
125
125
127
127
128
130
131
129
132
132
130
132
132
135
135
135
136
136
137
'135
135
'136
P138
108
112
108
107
110
102
107
110
101
107
111
100
109
114
109
111
115
113
113
118
118
114
120
120
115
120
118
113
116
110
••115
'119
' 116
117
121
122
118
'123
' 128
P117
pl21
P123
97
119
ion
94
78
118
90
73
115
88
71
115
103
92
120
108
101
118
113
109
120
115
110
125
117
110
126
96
82
118
110
102
123
121
117
127
'129
'127
132
"120
"114
110
106
113
108
100
109
109
109
109
110
108
110
114
111
116
117
116
117
122
123
122
124
127
119
120
116
122
121
119
126
'120
' 116
124
122
' 117
'128
127
121
1?9
121
124
'120
114
Ill
107
do
do__
do
do
do
-do
97
83
98
98
07
112
do
do
do
123
123
123
__ do...
do
_ _do.
111
114
110
Pll2
p 116
Automotive products
- __do__
Autos
do
\uto parts and. allied products do
117
117
117
p 106
Home!ioods9
Appliances, TV and radios
Furniture and rues
_
115
112
118
v 117
-
Utilities
'Electric
Gas
By market grouping:
Final products, total
__ _
Consumer coods
Automotive and home goods
do
do
_ do.
p98
no
P 115
Mil
pioo
Apparel arid staples
do
Apparel, incl knit goods and shoes do
Consumer staples
do
Processed foods
do
114
117
113
109
113
111
113
109
113
108
114
110
113
110
114
110
114
114
114
111
115
116
115
111
116
115
117
113
118
118
118
114
119
122
119
114
120
124
119
114
118
118
119
114
'120
' 121
120
115
' 120
121
120
115
Beverages and tobacco
_
do
Drugs soar) and toiletries
do
Newspapers, magazines, books. _ _ d o
Consumer fuel and lighting
do
110
118
113
119
313
118
116
119
112
118
117
123
111
117
115
125
111
116
114
121
134
119
114
122
130
123
110
1 25
113
124
117
125
115
126
119
127
136
126
117
129
115
124
119
127
118
127
118
130
118
127
118
130
130
110
101
102
98
117
99
99
100
301
9S
us
95
98
100
101
98
118
91
103
99
100
90
117
93
104
1 00
102
97
118
94
107
102
103
99
120
95
104
102
104
99
123
95
106
104
105
101
125
96
98
105
106
102
127
9?
78
106
107
101
128
105
97
107
108
102
129
100
87
' 109
110
' 104
131
111
95
r
110
' 110
100
131
108
94
111
106
106
109
107
112
100
112
108
105
"112
" 105
r 119
" 118
103
105
102
118
101
92
" 104
v 105
do
do
do
do
do
100
102
109
101
107
P 106
P 100
99
91
91
95
99
98
90
88
95
98
98
89
83
95
97
99
90
85
95
99
103
96
93
98
104
106
101
107
99
107
109
104
109
101
110
110
104
109
104
111
111
100
115
105
112
109
104
99
102
110
111
105
101
107
108
Nondurable materials 9 _ Business su pphes
Coil (ainers
General business supplies
_do._
do
do
do
110
110
109
111
"113
10S
110
109
110
107
108
109
131
108
109
110
108
112
107
114
110
112
110
110
110
114
113
115
112
115
114
116
114
117
110
121
113
115
113
118
111
117
' 114
116
112
Business fuel and power
Mineral fuels
Nonresidential utilities
do
do
do
103
97
121
102
97
120
301
96
119
301
96
120
102
96
122
304
98
123
105
98
127
100
98
129
106
98
129
108
100
131
106
97
132
108
99
132
108
99
131
Equipment, including defense 9
..do ._
Business equipment
do
Industrial equipment
do
Commercial equipment
do
Freight and passenger equipment. -do
Farm equipment
do
Materials (T
Durable oods materials 0
Consumer durable
Equiomeni
Construction
r
r
118
11 0
119
' 115
r
"121
"120
"108
" 109
118
122
115
108
' 100
"308
"100
BUSINESS SALES AND INVENTORIES §
MTp and trado sales (seas ?dj ^ total
Manufacturing total
Durable goods industries
Nondurable goods industries
Wholesale trade, total
Durable goods
establishments
Nondurable <Toods establishments
Retail trade total
Durable goods stores
Nondurable goods stores
i 61.58
59. 36
58. 67
59. 25
60. 22
60. 11
61. 57
61.88
61.69
62.39
61.64
63. 25
* 64. 45
_ do
do
do
30.41
14. 68
15. 73
30.77
14. 56
16. 21
29. 14
13. 62
15. 51
28. 67
13. 17
15. 50
29.03
13. 32
15.71
29. 55
13. 69
15. 86
30. 12
14.14
15. 98
30.78
14.58
16.20
30.90
14. 69
16. 21
31.16
14.79
16. 36
31.41
15. 05
16.35
31.41
14. 98
16.43
31.79
15.29
16. 50
' 32. 22 32. 60
' 15. 64 15. 71
' 16. 58 16. 88
do
do
do
do
do
do
12.33
4.44
7.89
18.29
5.89
12.40
12. 56
4. 29
8.27
18. 24
5. 62
12.63
12.34
4.28
8.06
17. 89
5. 49
12. 40
12. 23
4.27
7. 96
17.77
5. 36
12.41
12.43
4.20
8.23
17.80
5. 35
12. 45
12. 54
4.21
8.34
18.13
5. 55
12. 58
12.13
4.07
8.06
1 7. 86
5.41
12.45
12.80
4.32
8.48
18. 00
5.55
12.45
12. 78
4.38
8.41
18.20
5.59
12. 61
12. 50
4.28
8.23
18.03
5. 50
12. 52
12.80
4.36
8.44
18. 18
5.47
12.71
12.08
4.17
7.91
18.14
5.62
12.52
' 12. 87
' 4. 35
' 8. 52
18.59
5.86
12.72
'13.12
12. 68
'4.46
4.43
8.66
8.26
'19.11
18.86
5.93
'6.20
' 12. 91 12.93
94.13
95. 61
94.13
93. 65
93. 38
92.66
93.00
93. 06
93.09
93.46
93.62
94.26
' 94. 62 ' 95. 12
53.74
30.86
22.88
55. 28
31. 56
23.72
53.74
30. 86
22.88
53. 67
30. 76
22. 91
53. 60
30. 65
22.95
53.31
30.30
23.01
53. 38
30. 15
23.22
53. 37
30.15
23.22
53. 36
30.20
23.16
53. 55
30.37
23.18
54.03
30.80
23.23
54. 44
31.10
23.34
13.21
6.81
6.40
27.18
12.33
14.85
13.46
6.86
6.60
26.87
11. 52
15.35
13.21
6.81
6.40
27.18
12.33
14.85
13. 15
6.72
6.43
26.83
11.93
14.90
13.21
6. 75
6.46
26. 57
11.68
14.89
13.60
13.58
13.48 ' 13. 44 ' 13. 34 13.46
13.46
13.50
13.28
13.45
6.86
'6.80
'6. 80
6.82
6.83
6.72
6.82
6.71
6. 77
6. 69
6. 60
6.76
6.77
6.66
'6.63 r 6.54
6.79
6. 75
6.68
6. 59
26.87
26.
74
26.34
25.
98
'
26.
40
26.
34
26.
23
26.22
26.18
26. 07
11.44
11. 52
11.01
11.46
11.26 '11.25
11.31
11.37
11.35
11.25
15.35
14.97
14.88
14.92
14.85
15.09 r 15. 14 '15.31
14.72
14. 93
§ 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 on p. S-5; those for retail and wholesale trade on pp. S-ll
Mfg. and trade inventories, book value, end of year
or month (seas, adj.), total t
bil. $_.
Manufacturing total
Durable goods industries
Nondurable goods industries
-
do
- - do. _
do
\Vholesale trade total
do
Durable goods establishments
- do
Nondurable goods establishments
do
Retail trade total f
do
Durable goods stores
do
Nondurable soods stores
do_ _.
'Revised.
P Preliminary.
1
Total and components are based on unadjusted
£ See corresponding note on p. S-3.
9 Includes data not shown separately.
r
' 61.04
b'l $
data.
and S-12.
t Revised series. See note marked " t % > on p. S-ll.
54.78
31.40
23.38
r
64. 14
95.61
55. 03
55. 28
31.56
'31.53
' 23. 50 23. 72
— :::
SURVEY OF CURRENT BUSINESS
February 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1960
Monthly
average
1961
1960
Dec.
S-5
Jan.
Feb.
Mar.
Apr.
May
June
1962
July
Aug.
Sept.
Xov. j Dec.
i
Oct.
.Ian.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES— Con.
In veil tor y-sales ratios : *
Manufacturing and trade, total J
Manufacturing, total
Durable goods industries
Purchased materials
Goods in process
Finished goods
_
Nondurable goods industries
Purchased materials
Goods in process
Finished goods
Wholesale trade total
Durable goods establishments
Nondurable aoods establishments
Retail trade toialt
Durable ""ood*5 stores
Nondurable goods stores
ratio. _
1.59
1.60
1.58
1.54
1.55
1.51
1.50
1.52
1.50
1.53
1.50
r
1.48
1.49
do
do
do
do
__do __
1.84
2 27
.59
.88
.79
1.87
2 34
.61
.92
.81
1.85
2 30
.60
.90
.79
1.80
2 21
. 58
.87
.78
1. 77
2 13
. 55
.84
.74
1. 73
? 07
. 53
.82
1.73
2 06
.52
.82
72
1. 72
2 05
. 52
.82
.72
1 72
2 05
51
.82
.71
1.73
2 08
.53
.83
,72
1.72
2 05
. 53
.82
.70
1 71
r
2 02
52
r
.81
r
. 69
1 . 70
2 01
.52
.81
.68
do
do
do
do
1.47
. 56
.20
.71
1.48
.56
.20
.72
1 . 46
.55
.19
. 71
1.45
.55
.19
.71
1.45
. 56
.20
.70
1.43
.55
.20
.68
1.43
.55
.20
67
1.42
.55
.20
. 67
1 42
.55
.20
.67
1.42
.55
.20
.67
1.42
.54
.20
.67
f
1. 42
.54
.20
r
.67
1.40
. 54
.20
67
do
lo
do
lo
lo
lo
1.07
1.61
.80
1.52
•> 25
1.20
1.08
1.57
81
1 51
2 23
1.20
1 06
1.61
78
1.49
2 18
1.20
1 06
1.59
79
1.44
2 05
1.17
1. 11
1. 66
.83
1.47
2 08
1.20
1 05
1 . 55
80
1.46
2 04
1.20
1.06
1.54
81
1.44
2 04
1.18
1.09
1.60
.82
1.46
2.08
1.19
1 06
1.57
80
1 43
2 01
1.18
1. 12
1 . 64
84
] . 45
2 00
1.20
1 04
1 . 56
78
1.42
1.92
1.19
1 02
1 . 52
76
1.40
" 1 84
1.19
1 06
1 . 55
80
1.42
1.94
1.19
28.79
27.69
27.42
31.28
29.38
31. 52
32. 28
28.51
32. 04
32. 06
33. 46
' 32. 21 31.43
12. 59
1.81
1 . 07
1.39
12. 58
1.71
.99
1.36
15.18
2.23
1.36
1.73
15.77
2.27
1.40
1.83
13.17
1.86
1.15
1.64
14. 70
2. 20
1.39
2. 02
15. 12
2.18
1.35
1.88
15.99
2.26
1.38
1.89
' r 15.68
2. 1 7
r
1.30
1. 72
T
r
r
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Sales, value (unadjusted), total
30.41
bil. $
Durable goods industries, total 9
Primary metal
Iron and steel
Fabricated metal
__do do
do
do
30. 77
14.68
2.15
1.34
1.67
14. 56
2 07
1.25
1.68
13. 74
1.72
.99
1.46
14.58
1.96
1.15
1.60
13.96
1.94
1.15
1.55
r
15. 41
1.37
1.61
do
do
do
do_ _
4.72
1.95
2.77
1.16
4. 89
2. 00
2. 89
1.27
4. 74
2. 02
2 72
1.18
4. 35
1.79
2. 56
1.08
4. 48
1.83
2. 65
1.10
5.10
2.02
3.07
1.26
4.78
1.87
2.91
1.20
4.97
1.93
3.04
1.28
5.17
2.05
3.13
1.37
4.33
1.69
2.64
1.14
4.93
2.03
2. 90
1.30
5. 07
2.11
2.96
1.32
5. 26
2.24
3.02
1.41
r
r
r
5. 07
2 19
2. 88
' 1.38
5. 18
2 26
2. 91
1.39
do
do
do
do
8. 45
2. 16
.86
.73
3. 25
1 94
.82
.76
3. f,0
2.12
2.82
1 . 63
.67
.58
3.29
1.85
.79
.75
3.19
1.91
.77
.69
3.49
2.14
.86
.79
3. 61
2.22
.90
.84
2.85
1 . 69
.78
.74
2. 50
1.26
.98
.91
3.07
1.72
.89
.83
3.54
2. 25
89
.89
r
r
.60
2.87
1.71
.68
.58
3. 84
2. 50
.85
.80
3.88
2.42
.75
.68
do
15. 73
16.21
15.05
15.10
14.85
16.70
15.42
16.34
16. 51
15. 34
17.34
16. 95
17.47
16.54
16. 02
_ . do, .
do
do
do
_ do. _
do
do
4.70
.40
1.21
1.06
2.31
3.18
.51
4.79
.42
1.22
1.16
2.49
3.22
.50
4. 60
.40
1.09
.98
2.07
3.44
.45
4.52
.38
1.04
1.04
2.23
3.33
.45
4.51
.36
1.08
1.02
2.12
3.07
.42
4.94
.42
1.22
1.17
2.51
3.27
.50
4.51
.37
1.12
1.12
2.44
3.10
.48
4.93
.45
1.18
1.20
2.64
3.24
.52
4.88
.45
1.31
1.22
2.60
3.24
.54
4.65
.43
1.06
1.07
2.28
3.15
.46
4.89
.46
1.35
1.27
2. 65
3.33
.52
4.98
.42
1.33
1.22
2.67
3.13
.50
5. 1 2
.44
1.38
i.27
2. 75
3.24
. 56
' 4. 85
.45
1.32
1.'>1
' 2. 55
4.68
.41
1.21
1.16
2.39
3.44
.52
do
29. 14
28.67
29. 03
29.55
30. 12
30.78
30.90
31.16
31.41
31.41
31.79
r
32. 22
32.60
do
do
do
do
13. 62
1.75
1.00
1.58
13. 17
1.76
1.03
1.55
13.32
1.81
1.06
1.56
13.69
1.79
1.05
1.60
14. 14
1.95
1.17
1.62
14.58
2.13
1.32
1.69
14.69
2.07
1.26
1.72
14.79
2.20
1. 36
1.70
15.05
2.22
1. 39
1.74
14. ( >S
2.21
1.36
1.70
15.29
2. 16
1.31
1.75
r
15
64
l)
19
1
31
r
1 80
r 15 71
Machinery
Electrical
Nonelectrical
Industrial
do
do
do
do
4.58
1.89
2. 69
1. 12
4.65
1.90
2.74
1.18
4.65
1.93
2.72
1.14
4.71
1.94
2.76
1.15
4.85
2.02
2.83
1.21
4.82
1.95
2.86
1.23
4.83
1.95
2.88
1.27
4.88
1.95
2.93
1.29
4.99
2 02
2.97
1.31
4.98
2.00
2. 98
1.33
5. 08
2.04
3.04
1.40
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone clay and glass
do
do
do
do
3.15
1.87
.80
.70
2.77
1.53
.74
.69
2.83
1.59
.73
.70
3.02
1.64
. 77
.73
3.15
1.84
.80
.69
3.29
2.01
.84
.72
3.41
2.14
.84
.74
3.32
2.09
.87
.76
3.36
2.06
.87
.79
3.34
2.00
.82
.79
3.53
2.23
.82
.81
do
15.51
15.50
15.71
15.86
1 5. 98
16. 20
16. 21
16.36
16.35
16 43
16. 50
do
do
do
do
do
do
do
4.74
.39
1.14
1.06
2.26
3.22
.47
4.73
.41
1.08
1.06
2.26
3.23
.45
4.87
.41
1.10
1.08
2.30
3. 18
.46
4.80
4.80
.40
1.20
1. 14
2.40
3.25
.48
4.80
.43
1.22
1.16
2.47
3.31
.50
4.70
.41
1.27
1.18
2.51
3.22
.50
4.78
.43
1.24
1.17
2.50
3.29
.47
4.69
.43
1.23
1. 18
2.57
3.22
.52
4.82
.42
1.27
1. 18
2 53
3.21
.52
4. 80
.44
1.25
1.20
2 ()3
3.28
. 51
Machinery
_ __
Electrical
Nonelectrical
Industrial
_
_ _
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone clay and glass
Nondurable goods industries total 9
Food and beverage.. Tobacco
Textile.
Paper
Chemical _
_ _ _ _ _
Petroleum and coal
Rubber
Sales, value (seas, adj.), total
Durable goods industries total 9
Primary metal
Iron and steel
Fabricated metal
Nondurable goods industries total 9
Food and beverage
Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber
Inventories, end of year or month:
Book value (unadjusted), total _ _ _ _ _
Durable goods industries, total 9
Primary metal _ _ _ _ _
Iron and steel.
__
Fabricated metal
Machinery
Electrical _
_
Nonelectrical.
Industrial.. . _
_
.__
_ .__
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone clay and glass
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
r
r
' 3. 16
.50
r
3. 60
16.58
16. 88
4.80
.43
4.92
.41
1.30
1.28
-)
64
3.27
1.27
1 24
2 65
' 3.17
54
53. 90
54.07
54. 08
53. 81
53. 73
53.77
53. 59
53. 23
53. 62
53. 76
54. 23
r
do
do
do
do
31 . 38
4.94
3.07
2.97
30. 81
4.69
2.81
2.98
30.88
4.61
2.75
2.97
30.91
4.57
2.71
3.00
30.77
4.52
2.68
3.02
30. 63
4.48
2. 66
3.02
30. 65
4.45
2.65
3.07
30. 49
4.44
2.66
3.10
30. 25
4. 52
2.73
3.07
30. 59
4.55
2.76
3.05
30. 65
4.62
2.82
3.03
30. 86
4. 74
2.92
2. 98
r
do
do
do
do
10. 27
3.94
6.33
2.48
10 27
3. 95
6.33
2.45
10. 27
3.94
6. 33
2.48
10. 26
3.91
6.36
2.46
10.32
3.94
6. 38
2.46
10. 37
3.98
6.39
2.47
10. 38
4.01
6.36
2. 46
10.45
4.08
6. 36
2.47
10.37
4.06
6.31
2.44
10. 20
3. 99
6.21
2.42
10. 13
3.98
6.15
2.41
10. 08
3. 96
6. 12
2.42
10.15
3. 97
6. 18
2.44
6.97
3.14
1.83
1.43
7 07
3.27
1.86
1.47
6.97
3.14
1.83
1.43
7. 06
3. 15
1.86
1.45
6. 98
3.07
1.85
1.48
6 83
2.96
1.84
1.47
6.70
2.87
1.84
1.48
6 65
2.85
1.82
1.48
6.57
2.80
1.82
1.45
6. 46
2. 70
1.82
1.45
6.87
3.08
1.83
1.43
»> 92
3. 16
1.84
1. 43
7.01
3.22
1.82
1.41
8.20
12. 05
10. 56
8.17
12. 66
10. 55
8. 20
12. 05
10.56
8.01
12.18
10.69
7.93
12. 15
10.83
7.81
12. 09
10. 86
12. 08
10.88
7. 66
12. 05
10.94
7.65
V. 00
10.85
7.78
11.89
10.58
7. 89
12.26
10. 44
8.01
12. 38
10. 26
8. 09
12. 50
10.27
do
do
do
3. 62
'2.
29
r
. 86
.83
r
55. 34
do
do
do _ _
do
3 01
1 37
r
30. 81
4.69
2.81
2.98
9 99
.86
.80
54. 59
55. 34
30. 99
4. 82
2. 99
r
-2. 97
31 . 38
4.94
3.07
2. 97
10 •>•>
3 98
6 24
2. 44
10 ?7
3 95
6.33
2. 45
T
6. 90
' 3. 19
1.81
1.42
7.07
3.27
1. 86
1.47
r
8.17
12. 66
10. 55
r
r
r
r
r
5 16
9 If)
3 05
1 38
r
_ _ 2 53. 90
2
5 15
2 30
1.41
1 80
r •> 10
T
do
2
Revised.
1 Advance estimate.
Total and components are end-of-year data.
*S1,ock-sales ratios are based on the seasonally adjusted sales and inventories series
presented on this page and on pp. S-4, S-6, and S-ll. The ratios are derived by dividing
end-of-rnonth inventory book values by total sales during the month. Data back to 1955
:42
1.16
1.10
2.38
3.08
.49
r
8. 11
12. 52
10. 36
for the manufacturing and wholesale trade segments appear on p. 20 of the June 1961 SURVEY.
I Revised series. See corresponding note on p. S-ll.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
End of
year
1960
Dec.
February 1962
1961
Jan.
Feb.
Mar.
Apr.
May
June
1962
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month — Continued
Book value (unadjusted)— Continued
Nondurable goods industries, total? _-.bil. $..
Food and beverage
Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber
By stages of fabrication:
Purchased materials
Goods in process
Finished goods
23. 09
23. 96
23.09
23. 19
23.16
23. 05
23. 10
23.12
23.10
22.97
23. 03
23. 11
23. 37
r 23. 60
23.96
_ do
do
do .
do
do
do
-- do .
5.18
2.08
2.63
1.63
4.19
3.32
1.14
5.45
2.29
2. 70
1.67
4.35
3.40
1.14
5.18
2.08
2.63
1.63
4.19
3.32
1.14
5.13
2.14
2.71
1.63
4.23
3. 24
1.16
5.02
2. 10
2.77
1.66
4.28
3.24
1.17
4.94
2.05
2.81
1.66
4.27
3.26
1.16
4.92
2.01
2.84
1.68
4.27
3.29
1.15
4.83
1.94
2.86
1.69
4. 20
3. 35
1.14
4.84
1.88
2.82
1.68
4.20
3.36
1.12
4.90
1. 80
2.79
1.66
4. 19
3.41
1.10
5.12
1.87
2.71
1.66
4. 16
3.43
1.09
5. 23
1.99
2.65
1.64
4.10
3.49
1.10
5.39
2.07
2.61
1.65
4.16
3.50
1.10
-5. 46
"•2.11
'2.64
1.66
'4.23
-3.46
r 1.11
5.45
2.29
2.70
1.67
4.35
3.40
1.14
do
-do .
do
8.99
3.00
11.10
9 38
3.32
11.26
8.99
3.00
11.10
8.99
3.07
11.13
8.91
3. 08
11.17
8.93
3.09
11.02
8.90
3.14
11.06
8.86
3. 25
11.00
8.79
3.30
11.01
8.72
3.33
10.92
8.64
3.30
11.08
8 69
3.28
11.14
8.85
3.28
11.25
"9.03
-3.30
- 11.26
9.38
3.32
11.26
do.. .
53.74
55. 28
53.74
53. 67
53. 60
53. 31
53. 38
53. 37
53. 36
53. 55
54. 03
54. 44
54. 78 - 55. 03
55. 28
do
do_ _
do
. do_. .
30.86
4.50
2 62
3.12
31. 56
4.77
2.87
3.13
30. 86
4. 50
2.62
3.12
30. 76
4.49
2.63
3. 02
30. 65
4. 51
2. 66
3.02
30.30
4.47
2.66
2. 95
30.15
4. 51
2.73
2.92
30. 15
4.51
2.74
2.93
30. 20
4.60
2.84
2.92
30.37
4.66
2.89
2.95
30. 80
4.63
2.85
3. 02
31.10
4.67
2.85
3.12
31.40 -31.53
4.73 - 4 . 7 4
2.86 -2.86
3.14 - 3. 15
31. 56
4.77
2 87
3! 13
do
do ...
do
do
10.40
4.02
6. 38
2.51
10.44
4.03
6. 41
2. 50
10.40
4.02
6.38
2.51
10.32
3.98
6. 34
2.48
10.28
3.96
6.31
2.47
10.25
3.96
6.29
2.45
10.21
3.94
6.27
2.44
10.20
3.96
6. 25
2.43
10.14
3.92
6. 22
2.40
10.17
3.95
6.22
2.41
10. 19
3.98
6.20
2.40
10.23
3.99
6.24
2.43
10. 36
4.06
6.30
2.47
10.42
- 4. 07
6.34
-2.47
10.44
4.03
6.41
2.50
Transportation equipment,
_do_. .
Motor vehicles and parts
do
Lumber and furniture
. _ _ . - do _.
Stone clav, and glass
do By stages of fabrication:
Purchased materials
_ ._ _ do
6. 85
3.01
1.84
1.44
6. 98
3. 16
1.87
1.49
6. 85
3.01
1.84
1.44
6. 92
3.03
1 . S5
1.44
6. 86
2. 93
1.85
1.43
6. 69
2.85
1.84
1.41
6. 60
2.83
1.83
1.42
6.63
2.88
1.80
1.42
6.64
2.91
1.80
1.43
6. 64
2.88
1.80
1.45
6. 95
3.14
1.81
1.48
6.97
3.19
1.85
1.49
7.01
3.18
1.86
1.49
-7.04
- 3. 17
1.85
- 1.48
6.98
3.16
-1.87
1.49
8. 05
12.06
10. 76
8. 10
12 70
10. 76
8.05
12 06
10.76
8.03
12 07
10.65
8.01
12 05
10.59
7. 91
1 1 '. 90
10. 49
7.81
11.87
10.47
7.78
11.91
10.47
7.60
12.03
10.57
7.70
12.07
10. 60
7.74
12.31
10.75
7.96
12.40
10. 74
8.07
12.59
10.74
-8.08
- 12. 70
- 10. 70
8.10
12. 70
10. 76
22. 88
23.72
22.88
22. 91
22. 95
23.01
23. 22
23.22
23. 16
23.18
23.23
23.34
23.38 - 23. 50
23.72
4.98
2.03
2. 67
1.63
4.13
3.31
1.12
5. 25
2.20
2. 75
1. 67
4.27
3.39
1.13
4.98
2.03
2. 67
1.63
4. 13
3.31
1.12
5. 00
2.01
2. 70
1.62
4. 17
3.29
1. 13
5. 01
1.98
2.73
1.63
4.19
3.32
1.13
5. 06
1.98
2. 76
1. 62
4. 19
3.37
1.12
5.14
1.98
2.70
1.64
4. 26
3.37
1.13
5.07
1.97
2.76
1.66
4.24
3.37
1. 14
5.05
1.96
2.75
1.67
4.24
3.37
1.13
5.09
1.96
2.75
1.66
4.25
3.38
1.13
5.12
2.00
2.74
1.68
4.24
3.38
1. 13
5.15
2.05
2.74
1.70
4.20
3.42
1.12
5.15
2.06
2.74
1.70
4.20
3.39
1.13
- 5. 19
2.12
- 2. 75
1.70
-4.21
-3.37
- 1. 12
5.25
2.20
2.75
1.67
4.27
3. 39
1.13
8.75
3.08
11.05
9. 06
3.42
11.24
8. 75
3.08
11.05
8.74
3.07
11.10
8. 68
3. 04
11.23
8.78
3.05
11.18
8.88
3. 12
11.22
8.97
3.20
11.05
8.97
3.25
10.94
8.96
3.31
10. 91
8.94
3.31
10. 97
8.97
3.29
11.07
8.90
3.34
11.14
- 8. 96
-3.37
- 11. 17
9. 06
3.42
11.24
do
i 29. 90
131.04
28. 33
27.58
27. 68
31.35
29. 62
31.50
32.42
29.39
32. 45
32. 23
33.60
- 32. 47
32. 16
do
do
do
do
14.24
1.87
1.09
1.62
14.77
2.18
1.36
1.70
13.33
1.65
.97
1.33
12. 35
1.85
1.18
1.38
12. 76
1.85
1. 10
1.38
14.51
2.12
1.27
1.62
14.08
2.06
1.24
1. 53
14.98
2.30
1.41
1.76
15.92
2. 21;
1.35
1.89
14.05
1.97
1.20
1.72
15. 14
2.35
1.48
1.99
15. 31
2.13
1.29
1.92
16.15 - 15. 88 - 16. 17
2.23 - 2. 36
2.76
1 5°
1.36
1 86
1.69
1.87 - 1.71
4.70
1.97
2.72
1.16
3.38
4.95
2.01
2.93
1.28
3.24
4.59
2.02
2 58
1.09
3.58
4.25
1. 67
2.57
1. 06
2.63
4. 46
1.79
2.67
1. 12
2.82
5.16
1.99
3.17
1.32
2.97
4.73
1.90
2.83
1.16
3.19
4.84
1.92
2.93
1.24
3.24
5.27
2.08
3.19
1.41
3.52
4.57
1.81
2.76
1.16
3.21
4.94
2. 00
2.94
1.31
2.85
5.42
2.36
3.06
1.33
2.97
5.42
2.23
3.19
1.44
3.57
- 5. 15
-2.18
-2.97
- 1.44
-3.80
5. 14
2.21
2.93
1.40
4.10
15. 66
3.38
12.28
16. 26
3. 56
12. 70
15. 00
3.14
11.87
15. 24
3.25
11.98
14.91
3.19
11.72
16. 84
3.73
13.11
15. 54
3.43
12.11
16. 52
3.65
12.86
16. 50
3.66
12.84
15. 34
3.19
12.15
17.31
3.78
13.53
16.92
3.74
13.19
17.45
3.87
13. 58
- 16. 59
-3.78
- 12. 81
15.99
3.49
12. 50
Book value (seasonallv adjusted), total
Durable goods industries, total 9
Primary metal
Iron and steel
Fabricated metal
Machinery
Electrical
Nonelectrical
Industrial
Finished croods
-
___ _ _
_ _ . . . - do.. .
Nondurable goods industries, total 9
do
Food and beverage
- - -do
Tobacco
- - - -do _ _
Textile
do
Paper
_ _ . . do Chemical
do
Petroleum and coal _ _
__ _ _
- _do
Rubber
do
By stages of fabrication:
Purchased materials
do
Hoods in process - do
Finished goods
do
New orders net (unadjusted), total
Durable goods industries, total 9
Primary metal
Iron and steel
Fabricated metal
Machinery
Electrical
Nonelectrical
Industrial
Transportation equipment
do__ _
do
do
do
do.
Nondurable goods industries, total _ _
Industries with unfilled orders©
Industries without unfilled order^f
New orders net (seas adjusted^ total
Durable °'oods industries total o
Primary metal
Iron and steel
Fabricated metal
Machinery
Electrical
Nonelectrical
Industrial
Transportation equipment
Nondurable goods industries, total
Industries with unfilled orders©
Industries without unfilled orders^
_ do
do
do
do
28.70
28.50
29.11
29. 85
30.44
31.09
31.10
31.33
32.13
32. 26
32.67
- 32. 74
33.17
do
do _
do
do
13.22
1.77
1.06
1.46
12.88
1.81
1.14
1.52
13. 36
1. 75
1.03
1.49
13.82
1.88
1. 10
1.62
14.38
2.19
1.33
1.58
14.80
2 19
1.32
1.74
14.92
2.20
1.35
1.82
15. 03
2.33
1.47
1.75
15.65
2.41
1.52
1.82
15. 76
2.31
1.46
1.78
16. 08 - 16.13
2.32 -2.33
1.45 - 1.48
1. 75 - 1.85
1 6. 40
2. 87
1.98
1 86
do __
do
do
do
do
4.67
1.93
2 74
1. 13
2.83
4. 54
1.83
2 71
1. 10
2. 66
4.59
1.88
2 71
1.14
3.07
4.76
1.88
2 88
1.23
3. 02
4.74
1.99
2 75
1.20
3. 28
4.78
1.97
2.81
1.22
3.36
4.77
1.78
3.00
1.32
3.34
4.89
1.91
2.99
1.26
3.45
5.07
2. 10
2.96
1.31
3. 61
5.42
2.31
3.12
1.33
3.49
5.46
2.20
3. 26
1.42
3.62
15.48
3.31
I9 17
15. 62
3. 36
12 97
15.76
3. 30
12 46
16.03
3.54
12 48
16. 06
3.49
12. 57
16. 29
3.55
12.73
16. 19
3. 55
12 63
16.30
3.53
12 77
16. 48
3. 69
12 79
16.50
3. 69
12 81
16. 59
3.68
12 91
- 16. 62
-3.73
- 12 89
16.77
3.67
13 10
- 47. 80
48. 52
do
do
do
Unfilled orders, end of year or month (unadjusted),
total
bil $
Durable goods industries total 9
Primary metal
Iron and steel
Fabricated metal
Machinery
Electrical
\onelectrical
Industrial
Transportation equipment
do
do
do
do
do
do
do
do
_ _ _ do.
5. 21
2. 17
3. 04
1. 45
3.45
45 37
48.52
45. 37
45. 27
45. 59
45. 83
45. 80
45. 95
46. 82
47.24
47.40
47.54
42.85
3.41
2 28
2.73
45. 42
4.81
3.50
3.00
42. 85
3.41
2 28
2.73
42. 60
3.45
2.38
2.73
42.79
3. 59
2. 50
2. 75
42. 72
3.75
2. 62
2. 78
42. 84
3.87
2.71
2. 76
42. 64
3.95
2.76
2.79
42.79
3.88
2.72
2.85
43.66
3. 99
2.77
2.93
44.10
4. 14
2.87
2.90
44. 30
4.09
2.81
2.95
44.46 - 44. 66 - 45. 42
4.81
4.06 - 4 . 2 5
3.01
2.79
3. 50
2.93
2.93
3. 00
17.48
10. 21
7.28
3.38
14.93
18. 14
10. 33
7 82
3.54
14.86
17.48
10. 21
7.28
3.38
14.93
17.38
10. 09
7.29
3.36
14.70
17.36
10.04
7.31
3.38
14.70
17.42
10. 01
7.41
3.44
14. 39
17.37
10. 04
7.33
3.40
14.38
17.24
10. 02
7 22
3^ 36
14. 13
17.34
10. 06
7.28
3.40
14. 04
17.58
10. 18
7.41
3.42
14.40
17. 59
10. 15
7.44
3.43
14.75
17. 95
10. 40
7. 54
3.44
14. 65
18.10
10. 40
7.71
3.48
14.68
- 18. 18
- 10. 38 I
- 7. 79
3. 54 1
- 14. 64 |
2.99
3.17
3.16
3.16
3. 13
3.11
3.09
-3. 14
2.52
3.11
2. 73
2. 67
2. 52
Nondurable goods industries, total©
do
T
1
2
Advan ce estim Uo.
Revised.
Total and components are mon thly ave rages.
9 Includes data not shown separately.
©Includes textiles, leather, paper, and printi ng and ptiblishi ig in dug tries; ui i filled
orders for other nondurable goods industries are ze ro.
- 5. 50
-2.33 •
- 3. 17 !
- 1. 46
' 3. 53|
11"or these industi ies (foot , bevera ges, tob acco, ap parel, pc troleum
rubbe r) sales a re con si d ered equ al to ne\\ orders.
18.14
10. 33
7.82
3.54
14. 86
3. 11
chemic als, and
February 1962
SUEVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
I 1961
Monthly
average
1960
S-7
1961
Jan.
Dec.
Mar.
Feb.
Apr.
May
June
1962
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS^
New incorporations (50 States) :t
Unadjusted
.__ ._
Seasonally adjusted*
_ --number-- 15, 226
do
15, 128
14, 594
14,308
16, 350
14, 469
13, 281
13, 980
16, 783
14, 722
14,815
14, 245
16, 371
14. 883
16,418
15, 489
14. 483
15,742
15,079
15, 873
13,616
16, 405
15, 492
1 6, 658
14, 045
15, 960
14, 805
15, 750
1,287
1.423
1, 353
1,404
1,449
1 610
1,441
1,545
1,403
1,275
1 604
1,285
1,446
1,335
1 278
114
217
218
615
123
123
229
235
691
144
110
245
231
637
130
121
219
228
685
151
116
262
229
693
149
135
266
271
786
152
131
245
238
704
123
123
255
269
731
167
123
222
218
696
144
111
196
223
633
112
129
262
260
789
164
139
183
182
614
167
118
221
217
731
159
122
206
258
624
125
104
215
232
606
121
INDUSTRIAL AND COMMERCIAL
FAILUREScf
Failures total
number
Commercial service
Construction
_ __
Manufacturing and mining
Retail
trade
_
_ _
\Vrholesale trade
do
do
do
do. .do
78, 219
90, 844
78, 971
81, 520
88. 083 126, 622
86, 114
80. 471
83 828
69, 168 102 693 116, 664
70, 257 119,214
65, 489
8, 281
do
16, 781
do
24, 136
_ do
20, 091
do
_ _ _ do_ __ 8,930
6, 694
16, 084
27, 107
27, 754
13, 205
3, 579
28, 104
18, 878
20, 199
8,211
4,128
11,231
26,111
28 688
11,362
6,941
14, 943
23, 160
30, 646
12,393
13, 344
20 283
26. 579
51 185
15,231
7, 093
13 127
23.215
32 562
10, 117
6.798
19 162
18, 944
24 776
10, 791
8, 762
12 500
26, 590
27 192
8,784
3,946
13 786
14,881
27 304
9,251
6,358
27 716
26, 175
29 384
13,060
10, 950
10,048
66, 737
17, 927
11,002
3, 485
14, 583
17, 930
21, 524
12, 735
5,070
18 883
35, 237
23 494
36, 530
3, 453
16 743
19, 723
18 361
7,209
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns. . 157.0
164.4
63.4
61.1
64.2
62.9
60.8
64.3
60.7
62.5
74.4
67.5
69.5
63.8
63. 6
Liabilities (current), total
Commercial service
Construction
Manufacturing and mining
Retail trade "
Wholesale trade
_ _ thous. $
-
COMMODITY PRICES
240
242
241
244
243
239
236
234
237
241
242
240
238
240
242
226
221
259
151
209
217
220
243
141
204
218
212
233
146
207
221
210
227
150
209
224
217
240
150
208
226
228
249
145
202
230
233
250
151
203
231
253
261
152
200
232
261
265
156
201
229
214
276
154
209
229
198
277
156
214
226
195
286
154
217
223
213
280
149
218
224
213
269
150
219
224
252
257
152
218
245
257
162
524
248
217
181
517
254
231
178
508
260
250
172
517
260
264
161
516
250
286
178
516
261
285
176
517
260
261
177
516
241
261
189
516
244
259
162
523
257
242
148
542
228
242
134
537
209
248
134
530
217
250
130
544
209
250
127
538
251
259
299
146
230
263
278
298
178
226
261
271
304
165
221
263
263
309
169
224
259
256
309
160
226
251
247
305
145
231
241
241
292
139
239
236
240
286
131
238
241
248
288
138
232
251
257
302
142
231
252
266
303
138
230
252
274
297
141
228
250
275
291
140
228
255
273
299
146
229
256
266
304
149
231
276
291
266
275
291
265
••277
291
267
277
291
267
277
290
268
277
290
267
277
291
266
275
290
265
275
290
264
276
290
265
276
291
266
276
291
265
276
291
265
277
292
267
27S
293
268
301
298
301
302
302
302
302
300
300
301
301
301
301
302
304
80
81
80
81
80
79
78
78
79
80
80
80
79
79
80
127.8
127.5
127 A
127.5
127.5
127.5
127.4
127.6
128.1
128. 0
128.3
128.4
128.3 2 128. 2
131.4
125. 4
130.8
125.0
130.6
124.8
130.8
125.0
130.9
125.0
130.8
125.0
131.0
124. 9
131.2
125.2
131.4
125.7
131.6
125.6
132.0
125. 8
132.3
126.0
132.4
125. 8
132.3
125.7
118.3
120.7
111.3
152.8
118.4
121.0
110. 8
151.4
118.0
120.7
110.2
151.7
118.1
120. 8
110.3
151.9
118.0
120.7
109.9
152.2
117.9
120.4
110.7
152.3
117.7
120.2
110.8
152.5
118.0
120.4
111.2
152.7
118.7
121. 1
111.5
152.8
1 18. 4
120.8
111.9
153.0
118.7
121.0
111.9
153.2
118.8
120.9
112.7
153.4
118.5
120. 6
112.6
153.7
118 3
120.5
112.0
154.0
110.2
121.1
118. 6
128.8
109.5
110.6
121.4
119.3
126.3
110. 5
109.4
121. 3
119. 1
126.1
111.6
109.6
121.4
119.0
127.2
111.8
109. 8
121.2
118.5
127.8
111.4
109.5
121.2
117.9
131.4
110. 5
109. 6
120. 7
117.5
132.2
108.7
109.6
120.9
117.3
135. 4
107.4
109.9
122.0
118.0
138.2
107.8
109.9
121.2
118.5
132.4
108.4
111.1
121.1
119.0
126.5
109.4
111.4
120.9
119 0
122.9
109.7
111.2
120.3
119.4
121.6
108. 6
111.0
120. 4
119 5
123.4
108 7
132.5
125. 8
103. 6
143.6
132. 3
125. 6
103. 9
142.8
132.3
125.9
103. 6
142. 9
132.4
125. 9
103. 7
143. 1
132. 5
125.9
103. 9
143.1
132.3
125.8
103. 8
143.3
132.2
126.2
103.5
143.4
132.4
126.3
103.9
143.5
132. 4
125.6
103.6
143.6
132.3
125. 6
103.2
143. 6
132.6
125.7
103.8
143.9
132.7
125.7
103.6
144.1
132.9
125. 7
103. 4
144.2
133. 1
125. 7
103. 3
144. 4
160. 9
134.0
124. 1
158. 0
133.7
122. 3
158.5
133. 7
122. 2
159. 4
133.8
122. 7
159. 6
133.6
123.4
159.9
133. 8
124.1
160.4
133.8
123. 9
160.9
133.9
123.5
161.2
134.3
124.1
161.4
134.2
124.4
161.7
134.3
125.0
162.3
134.0
125.4
162. 4
134.3
125.2
162. 6
134.8
125.3
146.5
147.9
146.2
146. 2
134. 5 134. 0 133. 9
135. 5
205.5
207 9 202. 9
205.7
133.2
132. 6
132.6
132.7
' Revised.
1 Based on unadjusted data.
2 index based on 1935-39=100 is 214.4.
cfData are from Dun & Bradstreet, Inc.
tFigures in 1961 BUSINESS STATISTICS
volume cover 49 States (Alaska not included); see July 1961 SURVEY for unadjusted data
back to January 1960 for 50 States.
145. 8 146. 6 147.7
149.4
145.7
148. 3 149.3
150. 5
150.3
149.3
135.9
134.2
133. 4 133.4
136. 8 136. 9 137.9
135.3
138. 0 136. 7
205. 7 206. 5 206. 5 207. 3
209.4
208. 5 209. 1
209. 4 209. 9
210. 9
132. 6 132.6
133. 1
133.1
133. 6
133. 6 133.8
133.8
133.8
133. 7
*Xew series. Data for Jan.-Dec. 1959 (49 States) and beginning Jan. 1960 (50 States)
appear in the Oct. 1961 SURVEY.
§ Ratio of prices received to prices paid (including interest, taxes, and wage rates).
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
1961
1960
Dec.
February 1962
Jan.
Feb.
Mar.
Apr.
May
June
1962
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
COMMODITY PRICES—Continued
i
WHOLESALE PRICEScfl
(U.S. Department of Labor Indexes)
119.6
119. 1
119. 5
119.9
120.0
119.9
119.4
118.7
118.2
118.6
118.9
118.8
118. 7
118 8
119 2
94.5
127.0
121.5
93.9
126. 1
121.5
93.3
126.4
122.2
94.7
126. 7
122.4
95.1
126.7
122.6
95.2
126.9
122.2
94.6
126.9
121.3
93 2
126.3
120.7
91.6
125.8
120.6
92.7
125. 6
121.2
94.8
125. 5
121.4
93.8
125. 7
121.3
93.7
125. 4
121.3
93 3
125.8
121.4
94.3
126.1
121.6
105.3
145.7
104 9
145.1
105. 6
145.0
106.1
145.1
106.3
145.0
106.2
145. 1
105.3
145.3
104.3
145.3
103.5
145.4
104 2
145 3
104 6
145.2
104.5
145.2
104 4
145.0
104 7
144.9
105 1
145 0
Farm products 9
do_ __
Fruits and vegetables, fresh and dried..- do
Grains
do
Livestock and live poultry
do
88.8
106.7
75.7
82.6
88.0
99.4
76.7
79.6
88.7
99.5
72.7
82.8
89.7
103.7
75.2
84.7
90.0
99.8
76.0
85.3
89.9
105.9
76.4
83.1
88.5
100.2
73.8
82.0
86.8
101.4
74.8
78.2
85.1
103.3
74.2
75.4
87 1
104.3
77 8
75 5
88.6
97.3
78. 1
80.3
87.2
94.9
78.0
77.6
87.1
94.5
77.9
76.9
87.6
95.4
79 3
76.9
87.9
92.5
79 0
79.5
Foods processed 9
Cereal and bakery products
Dairy products and ice cream
Fruits and vegetables, canned, frozen
Meats, poultry, and
fish
_
107.7
121.8
118.5
107.0
96.7
108.5
124.]
121.3
109.3
94.4
109.2
123.5
122.0
110. 1
97.3
109.9
123.5
121.3
111.8
98.3
110.5
123.6
119.8
112.0
99.5
109.6
123.6
120.7
111.5
96.1
108.7
123.6
119.9
111.1
94.3
107.5
123.6
119.5
109.0
91.8
106.7
123.7
119.7
108.7
89.9
107 5
123 9
120.4
109 2
92 5
108 1
123 9
121.0
107.4
94.8
108.1
124.3
121. 9
107.3
94.3
108.3
125.1
123. 6
108.0
93.7
107 9
125. 2
123.8
108. 1
92.6
108 8
125.2
124.4
107 9
94.9
128.3
127.7
127.9
128.1
128.1
128.2
128.0
127. 6
127.4
127.4
127.4
127. 5
127.3
127.5
127.7
110.2
124.2
93.6
49.0
109.6
128.5
109.0
121.7
91.9
52.7
111.9
132.3
110.2
123.6
92.8
48.5
111.9
130.3
109.7
123.0
92.7
50.2
112.4
131.7
110.0
123.2
92.7
54.7
112.4
132.4
110.1
123.2
92 6
57. 7
112.3
132.4
110.2
123.2
92.6
62.1
112.3
132.4
109.9
122.8
92.4
61.4
112.3
132.4
109.3
122.2
92.4
54.1
112.3
132.4
108.9
121.1
92 5
52.2
111 7
132.4
108 4
120.8
91 3
51. 1
110 0
132.4
108.1
120. 6
90.7
48.7
110. 2
132. 4
108.0
120.3
90.8
47.0
111.9
132.2
107 9
107 9
120.1
120.3
91 0 ' 91 0
46 9
46. 0
112 3
112 3
132.2
132.2
113.8
121.8
101.9
116.6
2
115.4
115.0
120. 5
102. 4
118.6
117.4
116.2 i 117.2
123.4
123.1
102.3
102.3
120.0
121. 1
119.3
121.1
117.7
123.4
102. 2
122.3
121.9
117.5
122.8
102. 4
121.8
121.5
115. 2
119.6
102. 5
118.3
117.9
113.6
117.4
102.4
118.7
115.0
114.3
117.7
102.3
115.4
117.0
114.6
118.7
102 5
115.6
117.4
114 4
119 2
102 4
116 6
116 8
113.7
120.1
102. 4
116.9
115.1
113.0
120.8
102 5
119.4
113.3
114.0
121 2
102 6
119 3
115 0
114.9
121 6
do
do
do._ _
do
.do
123.1
101.9
125.1
86.6
69.0
122. 3
99.9
126. 6
83.1
68.3
122.6
100.4
125.7
85.3
69.3
122.3
100.2
126. 1
84.7
69.3
122.2
100.2
126.2
84.7
68.7
122.2
100. 0
126. 2
84.7
69.1
122.5
100.0
126.3
84.5
69.1
122.4
99.9
126.4
84.4
67.8
122.4
99.8
126.4
84.3
68.3
122 3
99.8
126.4
83.5
68.8
122 1
99 8
126 4
82 0
68 1
122 9
99.8
126. 7
81.2
68.1
122.2
99.9
127.0
81.2
67.6
199 3
99 8
127.5
81 3
67.6
122 2
99 6
127.3
81 3
67.6
Hides, skins, and leather products 9
Footwear
Hides and skins
Leather
do
do
do_ _ _
do.. _
110.3
133.0
68.1
101.5
111.3
133.4
73.1
103.9
108.8
132. 5
64.9
99.4
108.3
132.7
61.7
97.8
108.0
132.7
60. 5
97.3
109.5
132.7
68.8
100.2
109.9
132.7
68.0
102.2
110.7
132.8
71.0
104.1
110.1
132.8
68.1
102.6
111. 1
132 9
76.2
102.6
113 1
133 5
82 9
106 3
113.5
133. 9
82. 5
107.6
114.1
134 7
82.2
109.3
113 8
134 8
79 6
108 6
113
134
76
108
Lumber and wood products
Lumber
do
do
121.3
121.4
116.0
115.3
116.5
115.0
115.7
114.5
114.7
113.5
115.4
114.4
118.0
116.5
117.6
117.0
117.8
117.0
117.2
116.8
115 9
115 8
115.7
115.3
114.7
114.5
114 7
114 3
114 5
114 1
Machinery and motive prod. 9
Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equip
Motor vehicles
__
do
do
do
do
do
153.4
146.1
175.6
154. 2
140.8
153.1
148.9
178.4
151.8
140.3
153.1
148.0
177.0
152. 4
140.7
153.5
148.4
177.6
153. 7
140.8
153.4
148.5
178.2
153.6
140.4
153.4
148.5
178.2
153. 5
140.2
153. 1
148. 6
178.6
151.9
140.3
153. 1
148.6
178. 5
151.7
140.3
153. 2
148.8
178.2
151.7
140.4
153.0
148.8
178.3
151.8
140.5
15? 7
148 9
178 5
150 5
140 5
152.7
148.7
178. 5
150. 4
140.3
152.8
149.0
178.5
151.1
140.0
152 9
149 5
178. 6
151 1
139.9
153 1
150 2
178 6
151 1
140 0
Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous metals
do
do
do
do. _
153.8
119.4
170.0
139.0
152. 9
115.0
170. 1
134.2
152.2
116. 8
168. 6
133.9
152.2
114.9
169.4
132. 1
152. 3
114.8
169.7
132.2
152.4
114.5
170.4
132.3
152.7
115.2
170 8
132.4
153. 0
115. 4
170.2
134.4
153. 1
115. 4
170.3
135. 2
153.2
115. 5
170. 1
135.8
153 6
115 6
170 5
136 2
153.7
115.2
170 8
136.3
153.2
114.8
170 5
134.9
152.4
114 3
169 2
134.0
152.7
114 8
169 3
134 8
do _do
_ do
do _.
138.0
161.8
131.1
133.2
138.5
161.9
131.3
135.7
137.9 3 138. 5
162.3
162. 1
131.0
131.1
133.2
134.6
138.4
162. 1
131.2
134.6
138.6
162. 1
131.1
134. 6
138.6
162. 1
131.3
134.6
138.5
161.5
131. 3
134.6
138.3
161.6
131. 3
134.6
138.4
161.6
131.3
134.6
138 5
161 7
131 3
137 3
138.5
161.9
131.4
137.3
138.9
162. 1
131.5
137.3
138 6
162 0
131.2
137 3
138 5
162 1
131 1
137 3
do
do
133. 2
145. 4
129.4
145.6
132.3
145.7
132.2
145. 7
132.2
145.7
131.5
145.7
131.0
145.4
126. 1
145.4
126.5
145.9
126.4
145.9
126 3
145 9
129.5
145.3
130.4
145.4
129 9
145 4
130 4
145 4
do
do
144.7
138.4
139.3
137.6
141.2
137.1
139.7
137.2
139.6
137.1
139.9
137.1
140.1
138.4
140.2
138.4
139.6
138. 5
139.0
138.3
139 4
138 3
139.6
138.3
139.4
138.3
138 4
137. 0
137 0
133 8
do
(jo
do
. do__ .
do
do
96. 1
100.9
94.2
79.1
122.9
102.1
94.4
100 5
90.6
75. 7
131.7
100.9
95.2
101.0
91.2
77.8
125.7
100.8
94.8
100.5
90.8
77.3
130.9
100. 1
94.7
100. 5
90.2
129.3
99.9
94.4
100.4
90.2
76.3
129.5
99.5
94.1
100.4
89.9
75.8
129.5
100.1
94.0
100.3
89.9
75.4
131.5
100.9
93. 7
100.4
89.5
75.1
130.8
101.0
93.9
100.4
89.7
75.1
131.2
101.2
94 2
100 6
90 4
75 1
136 2
101 7
94.4
100.7
91.0
75.1
136.2
102.1
94.7
100 8
91.6
75.1
133.3
101.6
94 8
100 8
91
8
3*.
/o. ?5
132 9
101 6
94 8
100 8
91 9
75.6
129 6
101 6
Tobacco prod and bottled beverages 9
Beverages, alcoholic
_
Cigarettes
do
do _.
do
131.8
120.8
134.8
132.6
121.2
134.8
132.1
121.2
134.8
132. 1
121.2
134.8
132.1
121.3
134.8
132.1
121.3
134.8
132.0
121.1
134.8
132.1
121.2
134.8
132.1
121.2
134.8
132 6
121. 1
134 8
132 8
121 1
134 8
133.4
121.2
134.8
133.4
121.1
134.8
133.5
121.2
134 8
133 4
121.1
134 8
Miscellaneous
Toys, sporting goods -. _
do
do
92.1
118.3
96.4
119. 1
92.4
118. 6
95.6
118.4
95.2
118.3
96.8
118.9
97.7
119.0
99.5
118.9
95.9
118.9
95.6
119.0
95 6
119 7
95.6
119.6
93.4
119.9
97.5
119.9
98 6
119. 1
83 6
79.1
84 0
78.2
83 7
78.4
83 4
78.5
83.3
78.4
83.4
78.4
83 8
78.4
84.2
78.5
84.6
78.4
84 3
78.1
84 1
78 1
84 2
77. 9
84 2
77.9
84 2
77.9
\llcommodities
1947-49=100.-
By stage of processing:
Crude materials for further processing
do
Intermediate materials, supplies, etc.. _ _ d o
Finished goods©
.. do
By durability of product:
Nondurable goods
do
Durable goods
do
do
do
do
do
do
Commodities other than farm products and foods
1947-49 = 100..
Chemicals and allied products 9
Chemicals, industrial ._
.__
Drugs and Pharmaceuticals
Fats and oils, inedible
Fertilizer materials
Prepared paint
do
do
do
do
do
do
Fuel and related prod., and power 9
do__ .
Coal
do _
Electric power
Jan 1958=100
Gas fuels
do
Petroleum products, refined
1947-49= 100. .
Furniture other household durables 9
Appliances, household
Furniture, household
Radio receivers and phonographs
Television receivers __
._
Nonmetallic mineral products 9
Cl<?y products structural
Concrete products
Gypsum products
Pulp paper and allied products
Paper
Rubber and products
Tires and tubes
__
_
Textile products and apoarel9
\pparel
Cotton products
Manmadefibertextile products. _
Silk products
Wool products
1Q9 5
118 4
117 0
4
8
3
4
PURCHASING POWER OF THE DOLLAR
As measured by —
Wholesale prices
Consumer prices
1947-49—100
do
r
J
Revised.
Formerly titled fuel, power, and lighting materials. 32 Petroleum and
products index, published through Dec. 1960, has been discontinued.
Formerly titled
nonmetallic minerals, structural.
* Indexes based on 1935-39=100 are as follows: Measured
by—wholesale prices, 43.9 (Dec.); consumer prices, 46.6 (Dec.).
cfFor actual wholesale
4
83 9
* 78. 0
prices of individual commodities, see respective commodities.
^[Revised beginning Jan.
1961 to incorporate new weighting structure based on net selling value of commodities in
1958; comparability with earlier data is unaffected.
©Goods to users, including raw foods
and fuels.
9 Includes data not shown separately.
February 1062
SUEVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1 1961
Monthly
average
1960
Dec.
S-9
1961
Jan.
Feb.
Mar.
Apr.
May
June
1962
July
Aug.
Sept.
Nov.
Oct.
Dec.
Jan.
CONSTRUCTION AND HEAL ESTATE
CONSTRUCTION PUT IN PLACE
New construction (unadjusted), total
Private total 9
mil. $__
-
do
Residential (non farm) 9 - -do
"Vow housing units
do
\dditions and alterations
do
Nonresidential buildings, except farm and
public utilities, total 9
mil $
Industrial
__
_do
Commercial 9
do
Stores, restaurants, and garages*
do
Farm construction
__do
Public utilities
.__
do
Public, total
- - - - - - -
Nonresidontial buildings _
Military facilities
__
Highways
Other types
4,785
4,482
3, 887
3,684
3,979
4,372
4, 853
5, 301
5, 274
5, 402
5,473
5,325
'5,190
' 4. 678
4,181
3,300
3,364
3, 170
2,793
2, 645
2,842
3, 110
3,442
3, 690
3 734
3,723
3, 740
3, 698
r
' 3. 348
3 094
1,879
1, 308
1,874
1,348
1, 698
1,267
1, 449
1,051
1,322
2, 138
1,407
2,109
1,578
2,122
1,602
619
632
2,125
1, 524
2, 094
1,607
307
1, 735
1,173
469
1,973
1, 256
340
939
292
1, 483
1,056
501
428
417
383
' 2, 053 ' 1 , 891
r
1 , 563 ' 1,422
r
388
'371
1,752
1,295
360
925
264
387
886
265
362
161
858
259
352
842
226
363
900
219
401
932
216
419
937
213
416
949
218
421
954
221
425
948
221
424
170
136
205
156
220
164
215
160
406
491
224
127
467
473
220
147
'112
363
809
234
337
150
116
428
497
503
504
1,262
1,411
1, 611
1, 540
1.679
1,733
450
98
562
430
462
113
651
453
463
138
685
447
433
429
896
230
389
444
450
437
358
1,329
1,421
1,312
1,094
1, 039
1,137
399
116
455
359
428
115
485
393
391
122
470
329
389
88
291
326
356
109
267
307
403
119
271
344
433
118
338
373
440
127
435
409
468
136
574
433
56, 650
56, 018
55, 717
55, 794
55, 504
55,518
57, 206
57, 039
57, 983
58, 910
58, 905 '61,037 '59,178
60.114
39, 639
38, 575
37, 962
38,511
38, 986
39, 232
40, 328
41, 176
41,281
41, 709
41,767 '42,044 '41,941
42.969
21, 916
20, 649
20, 016
20, 508
21,042
21,257
22, 271
23 118
23, 306
23, 782
24, 026 '24,504 '24,401
24, 979
10, 751
3, 025
4 519
2 226
1 242
5 458
11, 193
3, 053
4, 848
2, 395
1 126
5 308
11,100
2,992
4,821
2, 356
1, 157
5, 384
10, 960
2, 957
4, 743
2, 338
1, 334
5, 398
10, 803
2,921
4, 636
2,192
1 508
5,323
10, 628
2,849
4, 515
2, 095
1 686
5, 383
10, 584
2, 750
4. 510
2,141
1 839
5, 382
10, 608
2, 672
4 578
2, 255
1 759
5 457
10, 629
2, 588
4, 646
2,347
1. 654
5, 470
10,711
2. 610
4,718
2, 398
1,590
5, 422
10, 656
2, 608
4,681
2,388
1,472
5,404
do
17,011
17,443
17, 755
17, 283
16,518
1 6, 286
16, 878
15 863
16, 702
17,201
17, 138 '18,993 ' 1 7, 237 17 145
do
do
do
5 072
1,531
5 953
5 094
1,284
6 470
5, 157
1, 942
5, 934
5, 221
1, 764
5, 662
5, 222
1, 651
5 060
5, 186
1,507
4, 983
5, 229
1,382
5, 527
4 963
1 140
5 128
5, 044
1, 153
5, 7(52
5, 091
1,404
5, 960
2, 235
3, 166
1 , 090
2, 075
3 298
1. 170
2,128
3 501
1.127
2, 374
3,602
1,235
2, 367
3 529
1 265
2. 263
3, 543
1,158
2, 384
3.004
1,105
1 553
9
1,221
1, 558
1,154
1 502
1,087
1,589
710
163
687
179
1 883
2. 220
9 041
11,765
- do
do
do
--do
172
107
193
123
New construction (seasonally adjusted at annual
rates), total
mil. $_.
Private total 9
do
Residential (nonfarm)
do
Nonresidential buildings, except farm and
public utilities total 9
mil $
Industrial
do
Commercial 9
do
Stores restaurants and garages*
do
Farm construction
do
Public utilities
do
Public total 9
Nonresidential buildings
Military facilities
Highways
337
3. 603
847
238
348
. do
_ _
4,630
186
87
157
81
831
246
345
160
100
472
908
221
398
203
'99
'433
863
225
365
175
98
363
1,627
' 1,587
'1,330
1,087
459
78
651
439
418
'165
603
'401
228
' 392
'93
'490
' 355
388
70
281
348
10, 540 10. 564 10,982
2, 554
2, 537
2, 590
4, 641
4,608
4.928
2, 434
2,413
2.612
' 1.416 '1,352
1 378
' 5, 380 ' 5, 421 5, 395
5, 105
' 5.172
6, 340
7, 099
' 5, 094
' 1,163
' 6, 235
3 291
1,021
2, 270
3, 008
942
2, 066
2, 712
1,091
1,621
1,005
1.498
631
156
1,095
1,306
496
111
883
1 , 1 25
5()7
107
1,657
1 , 869
2,071
1 , 351
6, 929
8 671
' 9. 192
327
5, 1 1 7
3, 748
5, 706
112
4,114
1 , 479
793 '1,760
5, 0(56
1 , 027
6 215
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Corp.):
Valuation total
mil $
Public ownership
do
Private ownership
do
By type of building:
Nonresidential
do
Residential
do
Utilities
Engineering construction:
Contract awards ( E N R ) §
3, 026
1, 049
1,978
3,114
1,052
2. 062
2 718
1,218
1.500
2 485
838
732
1,647
1 , 504
1,020
1,259
1,019
1,348
813
974
400
298
804
870
394
167
1,027
1,371
6 9r >
1 66
994
878
735
110
142
1 , 050
1 , 454
639
154
1,360
1,912
1.817
1,789
2. 392
11 216
581
63
219
632
191
954
2, 050
987
1,381
534
103
do
169
do
1,888
1,832
1 , 875
1,661
9 315
8, 939
12 101
8 6.-J2
7, 349
959
224
582
938
802
304
9 012
2 727
5, 891
1,782
5, 1 25
1 , 999
10 522
202
7, 232
3. 088
110
5. 390
3, 073
7 762
980
5, 083
1,699
10 482
5, 653
3, 041
5 994
4,378
6,119
4, 514
4.328
3, 774
7, 058
3, 906
3, 203
3, 423
thous
do
do
108.0
84. 1
104.3
112.9
70. 9
48. 0
64. 2
72. 5
51 . 8
69 8
81.0
56 5
75.8
109 7
80. 1
104. 6
1 1 5. :-i
130. 7
126 6
138. 3
100.6
132 4
128 5
97 6
l r> 5 2
130. 1
96.1
127.0
128.2
91.5
122 4
'• r1 ->8. 9 '104.8
94. 1
' 1 24 0 '101.9
86. 6
108. 6
do
do
do
106. 2
74. 0
102. 5
1 10. 5
77. 9
106.3
70.4
49 8
63.7
71.0
51 1
68.3
113.0
79 7
108.7
128.3
89 5
124.2
135. 3
92 5
129. 5
l'?6 0
87 ?
122 7
127.3
87.5
124. 2
126.5
90 9
120. 7
T
55. 7
72.5
107. 3
79.1
102.2
84.4
62 5
80. 6
996
987
1 127
1, 098
1 169
1, 115
1 296
1,262
1 166
1, 143
1 291
1,268
1 381
1. 351
1 343
1 318
1,326
1, 301
1 383
1, 365
143
143
144
144
145
145
145
146
145
145
145
144
740
742
809
820
706
747
Highway concrete pavement contract a wards :c?
Total
thous SQ vds
Virports
do
Roads
do
Streets and allevs ___ . _
_ _ _ _
-do
621
476
361
174
5,418
3, 080
1 , 50 1
HOUSING STARTS
New housing units started:
Unadjusted:
Total incl farm (public and private)
Oiie-familv structures
Privately owned
Total nonfarm (public and private)
In metropolitan areas
Privately owned
Seasonally adjusted at annual rates:
Total including farm (private only)
Total nonfarm (private only)
do
do
85. 4
1 26 4 ' 1 03. 1
T
'71.3
88 0
r
121.5 ' 1 00. 2
r
T
1 434
1,404
82.8
' 1 342 1 306
1 , 264
' 1,319
CONSTRUCTION COST INDEXES
Department of Commerce composite
American Appraisal Co., The:
\verage 30 cities
Atlanta
New York
San Francisco
St. Louis
1947-49=100--
144
1913—100
do
do
do
do
793
783
677
700
Associated General Contractors (building only)
1913=100.r
145
722
533
543
Revised.
Q Includes data not shown separately.
*See Bureau of Census reports for monthly data prior to Aug. 1960.
731
732
733
737
806
808
691
710
806
808
695
710
733
807
808
696
713
735
806
796
691
710
808
808
696
713
808
808
696
721
809
810
704
721
538
539
536
538
538
542
547
746
748
722
809
820
706
722
809
821
708
722
819
»21
715
722
747
815
819
712
731
547
547
547
547
547
145
145
547
550
§ Data for Dec. 1960 and Mar., June, Aug., and Nov. 1961 are for 5 weeks; other months,
4 weeks.
d" Data for Jan., May, Aug., and Oct. 1961 are for 5 weeks; other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
1960
Dec.
February 1062
1961
Jan.
Feb.
Mar.
Apr.
May
June
1962
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
E. IT. Boeckh and Associates: 1
Average, 20 cities:
Apartments, hotels, office buildings:
Brick and concrete
U.S. avg. 1926-29=100-Brick and steel
do
Brick and wood
do
Commercial and factory buildings:
Brick and concrete
do~ Brick and steel
do
Brick and wood
do
Frame
._ do_ _
Steel
do
Residences:
Brick
do
Frame
do_
Engineering News-Record:©
Building
1947-49 = 100 Construction
do
Bu. of Public Roads — Highway construction:!
Composite stand mile (av°° f o r q t r ) 19.57 59 — 100
313.6
302. 3
297.8
320.3
306.1
298.8
315.1
302. 4
296.8
315.6
302. 5
296.4
315. 7
302. 5
296.4
315.9
302.7
296.4
316.2
302. 9
296.6
320.1
305. 0
298.7
321.6
306.4
299.7
322.4
308. 0
300.3
322. 8
308.2
300.3
323. 3
308.7
300.7
323. 4
308. 6
300. 0
323. 3
308.5
299.9
323.8
308 9
300 1
326.2
321.2
298.5
294.4
302.6
334.4
324.3
300. 9
294. 4
301.4
328. 2
320.8
298. 2
293. 0
300. 3
329. 0
320. 8
298. 2
292 2
300. 1
329. 1
320. 9
298. 2
292. 3
300. 1
329.1
320. 8
298.1
292. 0
300.1
329. 5
321 . 2
298.1
292. 4
300. 4
334. 6
324. 0
300. 8
294. 5
300. 5
335. 9
325. 2
301.9
295. 3
301.5
336. 8
325.9
302. 4
296. 0
302.0
337.0
326. 1
302.5
295. 9
302.2
337.6
326. 6
302.8
296.3
302.5
337.9
326. 5
302.5
295.1
302. 3
337.8
326.5
302. 4
295.1
302. 2
338 3
326 9
302 5
295. 3
302 5
299 2
288. 4
300 9
288.5
298. 5
287. 1
298 2
286. 5
298 2
286. 5
298 2
286. 4
298. 4
286. 7
300 9
288.4
301.9
289. 3
302. 5
289.9
302. 6
289. 9
303.0
290.2
302 3
289.3
302 9
289.2
302 4
289.3
165. 7
182. 2
168.2
187.4
166.5
184.2
166. 5
184. 2
166.5
184.1
167. 1
184.9
168.3
187.0
168.6
187.7
169.1
188. 4
168. 8
188. 5
169. 0
188.5
168.7
188.6
lf-8. 8
188. 8
168.7
188.7
' 168. 8
' 188. 8
1
1
94 1
95 0
95 0
93 2
94 4
169. 4
189. 5
97 9
95 1
CONSTRUCTION MATERIALS
Output index:
Composite unadjusted 9 f
Seasonally adjusted 9 J
1947-49—100
do
Iron and °teel products unadjusted!
Tjiimber and wood products unadj J
Portland cement, unadjusted
do
do
do
131. 1
<• 102. 6
120.3
104. 6
111.6
100. 1
113.4
125.3
130. 0
131.6
129. 5
146. 9
137.3
149. 9
140.4
130. 5
135. 6
153. 8
139.7
141.8
136. 0
128.6
131.6
159.0
95.3
104.4
122.7
100.7
112.2
100.2
94.7
109. 9
90.0
1 20. 9
128. 2
130. 7
132. 5
133.2
158. 3
149. 1
147.2
186. 1
158.8
140.6
189. 0
132. 2
120.8
194. 5
156. 2
151.9
1 99. 0
144.5
137.7
188.3
390. 26
141.87
410. 35
131.65
340. 97
107. 75
347. 56
124.84
317.68
108. 65
348. 99
123.39
385. 86
137. 27
386. 21
144.39
463. 35
181.66
1,981
1,571
1,496
1,477
1,576
1,624
1,869
1,871
r 140.
r
9
124. 6
144.5
135. 5
193.5
124 2
165.3
422. 39
167. 99
432. 48
200. 91
483. 73
205. 91
425. 65
197.11
2,001
2.124
2,202
2, 288
2. 662
'1.529
1 , 475
r
REAL ESTATE
Home mortgages insured or guaranteed by—
Fed Hous Adm • Face amount
..mil. $ _ 383. 38 397. 10
165.42 152. 63
Vet Adm * Face amount
do
Federal Home Loan Banks, outstanding advances
2 1 , 981 2 2, 662
to member institutions
mil $
New mortgage loans of all savings and loan associations estimated total
mil $
By purpose of loan:
Home construction
do
Home purchase
do
All other purposes
do
New nonfarm mortgages recorded ($20,000 and
under) estimated total
mil $
Fire losses
mil $
1,192
1,445
1,150
969
1,001
1,356
1 , 309
1,511
1,721
1,482
1, 763
1. 594
1,629
390
511
291
423
600
422
367
460
323
285
400
'284
288
395
318
' 426
515
'415
417
504
388
460
603
'448
532
712
477
422
659
401
'498
785
480
436
r
695
463
'464
696
469
338
4, 973
2, 075
5, 523
1,997
5 096
2. 444
6, 272
2, 358
5, 942
2. 700
6,090
2, 856
6,576
2, 653
5,946
3 004
6. 348
2, 777
101.90
117.25
116.61
109. 22
95. 49
93.10
103. 35
93.11
91.63
76. 98
86. 93
232
187
225
234
177
236
242
171
236
258
173
237
236
176
245
250
192
237
256
187
215
185
150
29
520
204
157
26
538
216
152
22
518
189
139
23
526
9
'> 445
4 279
92. 32
100. 75
6,214
' 436
'645
'448
414
991
470
2 961 ! o T , ,
115.85
109. 52
84.7
5.1
9.4
1.8
68. 5
3. 3
5.8
.9
7. 1
9.3
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adj.:
Combined index
1947-49—100
ATvazincs
Newspapers
Outdoor
Television (network)
A V
t' T ' ' >1
P" c •' ^
D • < r - n 1 toilofnos
*?
C
]-'
C
' ft
* '
lr
">
?if
i•
f > '•'• 1
All nthp~*
Magazine advertising:
Cost ^otal
Apnarcl and accessories
Automotive incl accessories
Building materials
Druos and toiletries
Foods, soft drinks, confectionery
194
2° •">
186
190
140
24
473
212
1^5
23
487
190
125
23
479
200
12(5
499
™
522
59. 8
3.3
13. 6
61. 7
3.8
] C). 6
13.3
59. 9
3. 6
18.4
12.0
58. 1
3.3
19.3
11.4
58.4
2.7
19.1
11.9
58.3
3.1
16.8
12.3
70.6
6.2
19.7
14 9
ti.5
13.3
7. 0
13. 7
7. 1
6.6
12.1
6. 6
8. 1
9. 5
7'. 7
9.2
8.0
7.5
10.6
15^4
210
1(50
23
462
209
500
206
149
IS
449
mil. $
do
do
56. 9
4 6
16.3
10.8
60.7
4.7
18. 0
12.2
61.8
4. 9
18.4
13.4
57. 1
3. 7
10. 6
12.9
63. 6
3.9
18.2
14.4
do
do
do
5.8
6.4
13 0
5.4
7. 0
13.4
6. 5
0.8
11.8
6.7
6.0
11.1
7. 8
6 6
12.7
lr
do
i 154 2
1
5. 6
i 28 7
i 4<) §
163 1
5 1
39 5
50. 6
151 3
4.0
31.1
50. 6
1 60. 6
4.6
28.2
54. 1
127 6
4.0
24 5
38.4
16. 1
8 5
44 3
16. 8
7.5
35 3
21. 6
8.3
43.8
16.1
6.3
38.4
1
ills
do
IS. 9
1
8 9
i 49 4
do
do
do
do
do
do
71. 1
4.7
7.8
3.0
6. 7
9.8
r]O
69. 7
4.5
7.0
2 5
6. 6
10. 2
64.7
3.6
5. 3
.8
6. 4
9.4
48. 9
1.5
6. 8
1.6
3. 9
8.0
64. 5
3.1
7. 5
2. 1
5. 5
11.4
2 7
4.2
4.3
3.3
7. 5
Beer wine liQiiors
do
2.0
4.4
4.8
3. 1
5.6
Household equip., supplies, furnishings _ _ do
3.8
3.5
1.9
2.8
4.6
Industrial materials
do
8
.
4
.4
.8
Soaps cleansers etc
do
2^4
2 2
1.7
2.6
2! 5
Smoking materials
do
22.9
18.4
22.4
20.8
2.1. 7
All other
do
2
l
E nd of yea r.
' Revised.
Quarterly average based on quart erly date\.
^Copyrighted data; see last paragraph of headno te, p. S-l
©Data reported at the beginning of each month are sho\v n here fa r the prcmous m onth.
t Re vised to reflect current specifications and ba 3e period ; data prior to 4tli qtr. 19( 0 are
available upon request.
241
1S2
do
1
„.
230
188
1950-52—100
Soaps cleansers
etc
Smokin0' materials
\11 other
Spot (nntional and regional):
232
221
235
9
35
181
do
do
Television advertising:
Network:
Gross time costs total
Automotive incl accessories
Drugs and toiletries
V
235
246
77. 0
5 6
8.2
2.8
7. 2
1LO
83. 5
6. 5
8.6
4.3
6. 7
11.8
78.7
5.8
7 6
3.6
7.2
10.8
66. 5
2.9
5.8
3.3
7.1
10.0
47.6
.7
3.5
1.8
5.9
8.4
47.4
4.8
2.7
1.8
4.6
7.4
80.0
8.6
7.1
3.6
9~0
6.7
89.8
6.0
11.0
2.9
8 7
13.0
12.3
3.2
2.5
3.8
5.1
5.8
7.5
2.3
2.4
8.0
7.1
4.2
2. 7
3.3
5.2
4^8
4.8
3.6
.4
'.5
.6
1.1
.5
2.2
2.6
2.2
2^2
2^6
2.3
15. 8
16.0
25. 0
25.8
20. 5
23.2
9 Includes data for items no t shown separatol y.
levisions
Nov.
196
-Nov.
19
0
for
lun
wood)
a
for
195560
(1959iber and
re availa )le upon
tl
reques t.
4.3
4.7
3.6
8
2.7
25.7
4.4
6.7
4.4
.9
2.2
26.8
4.5
6.7
4.7
4.1
4.0
4.2
.7
2.7
21.6
SUEVEY OF CURRENT BUSINESS
February 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
1960
Monthly
average
Dec.
S-ll
1961
Jan.
Feb.
Mar.
Apr.
May
1962
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
231 8
59.1
172 7
13.7
4. 2
26.9
127 9
260.9
63.2
197. 8
13.9
261.3
57.5
203.9
13.0
242 8
50.8
192 0
8.9
34.1
144.6
31.5
154.5
23.3
154 3
Jan.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising linage (52 cities) :
Total
mil lines
Classified
do
Display total
do
Automotive _ _ . _ _
do
Financial .... _ _ _
do__
General
.
do
Retail
do
61 3
179 5
13.8
4. 5
28 8
132 4
231 4
58. 1
173 3
12.3
4. 9
26.9
129 1
238 7
48.3
190 5
8.5
4. 6
24.8
152 5
195 7
53 6
142 1
11.0
188 6
50.0
138 5
9.8
236 2
57.8
178 3
12.8
241 8
60 4
181 5
13.1
249 3
62.2
187 1
15.8
236 5
61 3
175 3
13.8
207 7
60 6
147 1
10.8
19 0
105 4
22.8
101 9
29.0
131 9
31.0
132 2
32.3
134 4
30 4
126 0
21.0
109 7
224 4
61.3
163 1
10.8
3. 8
21.8
126 7
18, 294
18, 245
22, 153
15, 803
15, 071
17, 934
17, 398
18, 532
18, 907
17, 922
18, 325
18,158
5, 894
5,617
6, 091
5,712
3,088
2,890
6, 214
3, 454
5, 640
2,998
5, 467
3,190
6,006
3,083
2,869
4,479
2, 587
2, 438
149
5, 414
3,292
3,082
4, 634
2, 676
2, 526
150
3,033
2,985
2,745
240 7
RETAIL TRADE
All retail stores:
Estimated sales (unadj ) total
mil $
Durable goods stores 9
do
Automotive group
do
Motor veil., other automotive dealers. do
Tire battery, accessory dealers
do
18, 761 ' 19,224 ' 22,909 1 16, 794
6, 047 ' 6, 095 ' 6, 305
3.308 r 3, 398 ' 3, 138
3,082 r 3, 180
2, 854
211
214
2,731
267
183
198
3,413
3,192
221
247
2, 796
237
240
5, 386
2,731
2, 510
221
883
564
319
943
718
224
865
547
319
913
701
212
1, 123
696
427
892
601
291
723
445
278
659
493
166
682
431
251
632
475
157
776
488
288
820
625
195
768
493
275
878
666
212
844
553
291
990
755
235
895
563
332
1, 039
799
240
845
534
311
1,008
783
225
914
583
331
1, 057
838
219
879
553
326
985
775
210
915
591
324
1,028
821
207
12, 400
Nondurable goods stores 9
-do _
Apparel group
.__ _
_ _ _ do __ 1,142
218
Men's and boys' wear stores
do
444
"Women's apparel accessory stores
do
276
Family and other apparel stores
do
204
Shoe stores
do
12,629
16,062
11,169
10, 592
1,019
181
401
238
199
12, 693
1,109
242
405
256
206
953
190
358
224
181
12, 613
1, 039
182
399
260
198
12,772
886
187
347
202
150
12, 526
1,105
205
434
260
206
12,282
1, 979
440
749
528
262
12, 467
1,191
200
457
302
232
11,984
1,145
222
440
282
201
1, 153
9
01
438
985
229
12, 714
1.188
224
462
299
203
do
do
do
do
do
628
1,341
4, 486
818
1, 352
5, 087
4, 579
1,511
627
1, 282
4,287
1, 466
644
1,367
4, 619
4,159
1,497
1,429
607
1,313
4, 486
4, 036
1,439
629
1, 386
4, 574
4,114
1, 523
624
1,432
4,771
4, 295
1, 568
629
1,490
4, 682
4,210
1, 604
630
1,507
4, 644
4, 172
1,616
629
1,440
4, 816
4, 357
1,519
634
1,409
4, 523
4, 070
1, 550
General merchandise group 9
do
Department stores
do
Mail order houses (dept store mdse ) do
Variety stores
do
Liouor stores
do
2,001
1, 162
155
325
407
2, 076
1,213
161
340
409
3. 604
2,104
258
674
637
1, 456
829
120
222
359
1,417
796
117
239
341
1,921
1, 105
163
312
374
1,803
1,052
134
286
375
1,966
1,143
156
312
383
1, 993
1,180
142
315
393
1,772
1,018
120
300
404
2, 032
1,177
163
330
398
2,070
2, 165
1,284
178
332
397
17, 887
17, 773
17 795
18, 127
17, 860
17, 995
18, 199
18, 026
18, 181
18,141
5, 488
2 970
2 757
213
5, 359
2 848
2 051
197
5, 348
2 890
o p,87
5, 409
2 919
2 714
205
5, 549
3 105
2 900
205
5, 586
3 Of;8
2 854
214
5, 505
2, 934
2 717
217
5,472
203
5, 547
3 044
2 838
206
2 935
2 721
214
5, 620
3 119
2 893
226
5, 865
3 278
3 056
222
do
do
do
do
do
do
840
541
299
895
674
221
844
528
316
913
689
224
812
509
303
900
682
218
833
515
318
944
720
224
872
547
325
900
687
213
839
537
302
877
673
204
857
547
310
899
687
212
883
568
315
926
704
222
883
557
326
914
703
211
876
556
320
875
670
205
880
562
318
918
719
199
do
do
do
12 399
1, 100
210
425
278
187
12 414
1. 144
12 447
1, 130
12 580
1. 161
224
437
294
206
12, 451
1,076
205
409
265
197
12,446
12,013
12,521
1,103
216
415
280
192
1, 136
229
435
275
197
1.118
218
434
200
200
12, 709
1,177
230
453
289
205
12, 521
1,106
218
430
265
193
12 729
1,173
231
453
282
207
615
1 340
4 563
4, 115
1,465
1 339
4 590
629
4, 122
1 473
634
1,390
4 603
4, 128
1,491
628
1,380
4 548
4, 085
1,474
630
1,347
4 624
4, 104
1, 480
642
1, 370
4 622
4, 157
1, 500
649
1,335
4, 610
4, 143
1 , 485
644
1,345
4 681
4,214
1, 593
641
1.377
4 GO'?
4.153
1,511
044
1,369
4 646
4, 1 83
1,521
' 675
687
'1,398
1.413
' 4 694 4, 6'i4
' 4, 244 4, 198
'1,519
1.535
' 2, 1 65
1 945
174
'370
'421
2, 1 88
1.319
156
343
413
' 27. 70
11.26
4.12
1.99
2.30
25. 78
11.03
4.38
1.87
2. 25
'16.44
14. 75
3.22
3.31
4. 05
Furniture and appliance group
Furniture homefurnishings stores
Household appliance TV radio
Lumber building hardware group71
Lumber bldg materials dealers ci
Hardware stores
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
Durable goods stores 9
do
do
do
do
do
do
4,028
do
Motor v h othor inromotivo de-ilors do
Tire battery accessory dealers
do
Furniture and appliance group
Furniture homefurnishin°'S stores
Household appliance TV radio
Lumber building hardware group
Lumber bldg materials dealers cf
Hardware stores
Nondurable a oods stores 9
A p p a re 1 °TO u p
Men's and bovs' wear stores
Family and other npparel stores
Shoe stores
do
do
606
1, 229
3, 860
1, 381
442
281
197
775
146
315
179
135
588
1,135
4,173
3,747
1,282
211
441
277
201
3.007
4,702
4,233
3,207
226
1. 225
150
331
403
do
do
Grocery stores
Gasoline service stations
do
do
633
1 358
4 502
4, 002
1 502
Drrvi tnio t str ros
M ail order houses (dept store mdse )
Variety stores
Liouor stores
do
do
do
do
1 991
1 173
157
311
391
1 950
1 112
J52
329
422
1 998
1 159
149
331
405
2 039
J 172
108
334
407
9 027
1 192
101
322
420
1,974
1 132
157
335
400
2, 067
1 205
100
339
416
2 069
1,237
155
324
393
2 082
1 208
163
359
409
2 075
1 2°5
157
331
386
2, 101
1 216
100
349
411
Estimated inventories, end of year or month: £
Book value (unadjusted)
total
bil $
Durable °'oods C; tovcs9
do
\utomotive °ronp
do
Furniture and appliance group.
do
Lumber, building, hardware group _ . d o
Nondurable croods scores 9
Apparel i'roup
Food i'TOup
General merchandise group
Book value (seas adi ) total
Durable ^oods stores 9
Automotive group
Furniture and appliance °TOUP
Nondurable goods stores °
Apparel sroup
Food group
GpTiprnl mprpVmnrlisp oronn
T
9
' 960 '1,185
f 614
714
' 346
471
911
'949
' 743
638
r 206
273
r 13,129
5, 079
3, 063
r
"1,261
i 725
1 6,604 111,715
' 2, 064
452
r 252
* 483
777
'197
554
281
^329
i 972
' 882
i 667
1,427 i 1,323
5,171 1 4, 403
4. 672 i 3, 971
1, 542 1 1.428
'646
'1,359
' 4, 595
'4,146
'1,514
' 2, 459
3, 861
2, 294
248
727
653
'1,452
237
'375
' 430
r
1
1 , 638
i 975
18,863 1 18, 687
' 6. 199 ' 5, 931 i 5, 813
' 3 609 3, 276
'3 392 3, 041
'217
235
r 866
' 545
r
930
' 729
' 201
r
918
574
344
958
740
218
I 9 908 '12,932 U2,874
1.172
' 229
220
' 459
449
' 295
296
'204
207
'1,187
5 98
11.72
4 88
1.90
2.35
25 98
11.72
4.88
1.90
2.35
25 84
11. 78
5.01
1.84
2.37
26 30
11.86
5. 03
1.85
2.41
26 67
11.81
4.83
1.90
2.46
26. 87
11.81
4. 78
1.90
2.48
26. 70
11.86
4.87
1.92
2.46
26 23
11.73
4.78
1.89
2.43
26. 09
11. 63
4.71
1.87
2.42
25. 70
10.74
3.86
1.89
2.34
26 26
10.72
3.81
1.91
2.31
' 27. 00
11.03
4.38
1.87
2.25
do
do
-do
do
14. 26
3.16
3.14
3.89
14. 75
3.22
3.31
4. 05
14. 26
3.16
3.14
3.89
14.06
3.10
3.05
3.83
14.44
3 22
3.12
4. 02
14.86
3.34
3.19
4.25
15. 06
3.38
3.19
4.33
14.84
3.30
3.19
4.24
14.50
3.15
3.19
4.08
14.46
3.12
3.18
4.10
14.96
3.38
3.22
4.30
15. 54
3. 59
3.28
4.58
' 16.04
do
do
do
do
27 18
12 33
5.27
1 95
2 44
26 87
1 1 . 52
4. 69
1 92
2 33
27 18
12 33
5. 27
1 95
2 44
26 83
11 93
4. 90
1 91
9 44
26 57
11 68
4.69
1 89
2 42
26 07
11 35
4.37
1 90
2 40
26 18
11 95
4.28
1 89
2 41
26 ?3
11 31
4.38
1 91
2 37
26 22
11 37
4.44
1 90
2 38
26 34
11.46
4.49
1 90
2 40
25 98
11.01
4. 15
1 90
9
35
96 34
11 26
4. 38
1 89
2 34
do
do
do
14. 85
3 36
3.14
4 96
15.35
3.41
3.31
4.44
14. 85
3.30
3.14
4.26
14. 90
3.41
3.12
4.23
14.89
' 15. 14 '15.31
15.35
3.39
3.41
3.39
3.32
3.39
3.31
r 4.34 '4.31
4.44
the Annual Retail Trade Reports of the Census Bureau, (2) adjustment to the latest Standard Industrial Classification. (3) new seasonal factors, and (4) data for Alaska and Hawaii.
Revisions for Dec. 1957-Sopt. 1960 appear on p. 24 of the December 1961 SURVEY; those for
the earlier period are available upon request.
do
3.33
3.16
4.24
1
Revised.
Advance estimate.
9 Includes data not shown separately,
d" Comprises lumber yards, building materials dealers, and paint, plumbing, and
electrical stores.
{Retail inventories have been revised beginning 1946 to incorporate (1) adjustment to
1
284
'218
18, 587 ' 19,107
Dru0" and proprietary stores
Eatin cr and drinking places
1
14.72
3. 26
3.18
4 23
14.93
3.36
3.16
4.31
14.92
3.36
3.17
4.30
14.85
3.33
3.18
4.24
14.88
3.32
3 20
4.26
14.97
3.31
3.27
4.28
15.09
3.33
3.31
4, 32
10. 90
3. 90
1. 95
2.30
3.71
3.38
'4.81
r
26. 40
' 11.25
4.37
1.89
2 33
3.70
3.48
'4.93
' 26 74 26 87
11. 52
11. 44
4. 58
4.69
1.89
1 92
2 33
2 36
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
1960
Monthly
average
Dec.
February 1962
1961
Jan.
Feb.
Mar.
Apr.
May
1962
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
DOMESTIC TRADE— Continued
RETAIL TRADE— Continued
Firms with 4 or more stores:
Estimated sales (unadjusted), total
mil. $__
Firms with 11 or more stores:
Estimated sales (unadj.), total?
4,724
5, 137
6, 800
4, 107
4, 044
5, 047
4,763
4,988
5,193
4,805
5, 077
5, 282
5. 241
' 5. 601
7.493
' 4. 726
6. 376
do
4, 223
4, 386
6, 003
3.534
3. 472
4,334
4, 065
4,263
4,462
4. 133
4, 339
4. 509
4, 423
Apparel group 9
Men's and boys' wear stores
Women 's apparel accessory stores
Shoe stores
do
do
do
do
293
511
58
213
123
200
23
76
62
186
18
76
57
328
29
128
102
263
29
118
85
297
30
120
86
106
83
292
~28
119
87
295
32
116
91
242
23
98
73
270
22
111
79
305
24
122
97
310
32
125
85
335
37
138
85
542
64
229
129
Drug and proprietary stores
Eating and drinking places
Furniture homefurnishings stores
do
do _
do
121
93
37
127
95
38
187
91
44
113
84
28
108
80
29
121
92
36
118
93
35
119
96
42
122
98
39
121
100
37
119
101
37
122
101
36
122
98
41
130
98
43
212
100
50
1,290
781
251
1,785
69
82
1,354
823
262
1.843
63
92
2. 321
1 , 370
523
2. 093
897
534
179
1 , 669
47
62
1 , 240
747
241
1 , 930
57
78
1.183
732
222
1 , 782
60
87
1,286
783
245
1,798
68
95
1,320
818
249
1,921
74
109
1,171
709
234
1. 820
71
103
1, 344
806
260
1,802
76
101
1. 352
834
256
1.953
71
92
1,421
872
261
1,771
74
96
1,610
975
286
1,843
64
94
2 517
1.517
550
2. 135
51
129
' 4, 525
4. 579
General merchandise group 9
do
Dept. stores, excl. mail order sales
do
Variety stores
do
Grocery stores
do
Lumber yards, bldg. materials dealers cf-_ do
Tire battery, accessory dealers
do
108
910
548
164
1 , 695
48
59
do
4, 245
4,195
4, 262
4, 348
4. 270
4,282
4,371
4,360
4.446
4, 386
4,441
Apparel group 9
Men's and bovs' wear stores
\Vomen 's apparel accessor v stores
Shoe stores
do
do
do
do
279
27
113
79
289
30
116
88
293
29
120
88
295
29
119
88
274
26
112
81
291
29
114
86
290
30
117
84
297
29
118
82
323
32
123
90
288
28
120
82
308
32
125
90
313
31
128
90
302
30
125
84
Drug and proprietary stores
Eating and drinking places
Furniture homefurnishings stores
do
do
do
124
91
37
r>2
90
33
94
36
125
95
37
121
95
40
125
95
38
124
93
41
123
93
36
126
98
36
126
96
38
135
100
37
141
100
41
General merchandise group 9
Dept stores excl mail order sales
Variety stores
Grocery stores
do
do
do
do
1.339
793
258
1,835
67
89
90
1,299
768
264
1,828
61
84
1,344
802
268
1.851
63
94
1, 357
831
253
1.827
62
95
1,362
810
279
1,865
62
93
1, 350
827
261
1.856
61
96
1.379
'830
276
1, 845
64
97
'1.410
851
'279
1.877
63
96
1,434
916
do
1 250
745
246
1 . 808
67
79
1.329
812
249
1 , 795
Tire battery accessory dealers
1 295
800
237
1,817
67
81
Estimated sales (seas adj ) total 9
Department stores:
Accounts receivable, end of month:
Charce accounts
1947-49 — 100
Installment accounts
do
Ratio of collections to accounts receivable:
Charge accounts
percent
Installment accounts
do
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales
do
Installment sales
do
Sales, total United States:
Unadjusted
Season a 11 v adjusted
1947-49= 100
do
Stocks, total U.S., end of month:
Unadjusted
Seasonally adjusted
do
do
90
36
1 , 303
793
248
1 . 808
68
84
1,899
63
100
177
433
175
450
241
479
210
480
173
462
165
449
164
441
164
437
162
433
149
428
153
428
162
430
170
445
185
456
246
516
46
15
47
15
48
15
45
14
45
14
49
16
44
14
48
15
48
15
47
14
48
15
46
15
48
16
49
17
48
16
43
42
15
43
42
16
44
42
14
43
40
17
42
42
16
42
43
15
43
42
15
43
42
15
43
41
16
43
40
17
43
41
16
42
42
16
41
43
16
42
42
16
45
40
15
'146
P 149
146
108
142
109
145
132
146
134
148
140
144
141
149
126
151
136
150
150
150
153
152
' 184 ' P 279
' 153 r P 156
16!)
162
165
164
156
164
157
166
1 65
16!)
178
170
189
170
'196
'172
P 156
P 172
13. 69
4.74
8. 95
'164
P 166
15'i
' 165
145
162
153
161
164
161
12. 33
4.44
7. 89
12. 56
4. 29
8.27
12. 5S
4. 09
8. 48
1 1 . 37
3. 77
7. 60
11.31
3. 67
7. 64
12.75
4. 25
S. 50
1 1 . 69
4.03
12. 72
4.41
8.31
12.81
4.57
8.24
11.X6
4. 13
7. 73
13.34
4. --4
' 12.61
' 4. 42
" 8. 1 9
'13.64
' 4. 55
r
9. 09
12.92
4. 25
8. 67
i 13. 21
6. 61
6. 60
i 13. 48
6. 66
6.82
13. 21
6. 61
6. 60
13. 14
6. 59
6. 55
13. 15
6. 71
6. 44
13.39
6.81
6. 5S
13. 34
6. 87
0. 47
13.34.
6. S3
6. 51
13.31
6. 82
6. 49
13. 34
6. 85
6. 49
13. 54
6. S3
6. 71
' 1 3. 57 ' 13. 74 ' 13. 78
" 6. 82
' 6. 77 •- 6. 74
r
6. 75
' 6. 97 ' 7. 04
13. 4S
183. 65
183.91
P 114
P 150
WHOLESALE TRADE
Sales, estimated (unadj.), total
1 Mirable goods establishmen t s
Nondurable goods establishments
Inventories estimated (unadj ) total
Durable goods establishments
Nondurable goods establishments
Ml. $ ^ _
do
do
do
- do
do
6. 82
EMPLOYMENT AND POPULATION
POPULATION
Population, U.S. (incl. Alaska and Hawaii):
Total, incl. armed forces overseas
mil.. 2 180.67 2 183. 65
EMPLOYMENT
Noninstitutional population, est. number 14 years
of age and over total, unadj
mil
Total labor force, incl. armed forces
Civilian labor force, total
Employed, total
Agricultural employment
Nonagricultural employment
thous._ _ do
do ._
do
do
Unemployed, total
__ _ do
Long-term (15 weeks and over)
do
Percent of civilian labor force
Not in labor force _. _thous
182.02
182. 26
182. 49
182. 71
182, 95
183. 17
183.41
184.21)
184. 48
184. 74
184. 97
185. 19
125.37
127. 85
126. 48
126. 72
126. 92
127. 12
127.34
127. 56
127. 77
127. 99
128. 18
128. 37
128. 57
128. 76
128. 94
129. 12
73, 126
70, 612
66. 681
5,723
60, 958
74, 175
71,603
66, 796
5, 463
61,333
73, 079
70, 549
66, 009
4, 950
61, 059
72, 361
69, 837
64, 452
4,634
59, 818
72, 894
70, 360
64, 655
4, 708
59, 947
73. 540
71,011
65, 516
4, 977
60, 539
73,216
70, 696
65, 734
5. 000
60, 734
74, 059
71, 546
66, 778
5,544
61, 234
76. 790
74, 286
68, 706
6, 671
62, 035
76,153
73, 639
68, 499
6,453
62, 046
75, 610
73, 081
68, 539
6,325
62, 215
73, 670
71, 123
67, 038
5, 666
61, 372
74, 345
71,759
67, 824
5, 964
61, 860
74, 096
71, 339
67, 349
5, 199
62, 149
73, 372
70, 559
66, 467
4,418
62, 049
72, 564
69, 721
65, 058
4,417
60, 641
3,931
956
5.6
52, 242
4,806
1, 532
6.7
53, 677
4, 540
1,015
6.4
53, 403
5, 385
1. 339
'7.7
54, 364
5,705
1,624
8.1
54, 024
5, 495
1, 862
7. 7
53, 574
4,962
2,128
7.0
54, 121
4,768
1, 915
6.7
53, 499
5, 580
1,575
7.5
50, 9; 7
5,140
1, 634
7.0
51,833
4,542
1,440
6.2
52, 573
4, 085
1,257
5.7
54, 701
3,934
1,240
5. 5
54, 226
3, 990
1,137
5.6
54, 659
4, 091
1,233
5.8
55, 570
4,663
1,252
6.7
56, 554
'71,262 '71,554 '71,869 '72. 092 71,410 '71,475 '71,983 71, 633 71, 789 70, 981 '71, 473 71, 482 '71,272 71,435
Civilian labor force, seas, adj.*
do
'66, 474 '66. 651 '66, 723 '67, 127 '66. 398 '66, 512 '66, 900 '66, 698 66, 998 '66, 243 '66, 822 '67, 148 '66, 936 67, 278
Employed total
do
' 5 830 5, 721 ' 5, 763 ' 5. 787 ' 5, 297 ' 5, 326 ' 5, 504 ' 5, 473 ' 5. 662 ' 5, 156 ' 5, 472 '5,311 ' 5, 204 5,453
Agricultural employment
do
'60, 635 '60, 852 '60, 922 '61,274 '61,101 '61, 234 '61,543 '61,371 61,417 61,188 '61,369 61,840 '61, 618 61, 690
Nonagricultural employment
do
' 4, 738 ' 4, 761 ' 4, 968 ' 4, 874 ' 4, 950 '5,019 ' 4, 936 ' 4, 923 ' 4, 887 ' 4, 867 ' 4, 762 ' 4, 370 ' 4, 274 4.159
Unemployed, total
do_
'6.8
6.9
'6.7
'7.0
'6.9
'6.8
6.1
'6.0
'6.9
5.8
'6.7
'6.9
'6.7
'6.8
Percent of civilian labor force. _
r
2
*New series. Since series are seasonally adjusted separately, components may not add
Revised.
* Preliminary.
* End of year.
As of July 1.
to totals. Revised monthly data (1948-60) appear in "Monthly Report on the Labor Force,"
9 Includes data not shown separately.
BLS (Jan. 1962).
o" Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical stores.
SURVEY OF CURRENT BUSINESS
February 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
1962
1961
1960
Dec.
S-13
Jan.
Feb.
Apr.
Mar.
May
June
July
Aug.
Sept.
Dec.
Nov.
Oct.
Jan.
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls (nonagricultural estab.):f
Total, unadjustedf.
thous
54, 347 P54. 076
54, 706
52, 864
52, 523
52, 785
53, 171
53, 708
54, 429
54, 227
54, 538
54,978
55, 065 ' 55,129 ' 55,505 p53, 73."
16, 762 P16, 268
9,441 P 9, 044
7,321 p 7, 224
16,213
9,036
7,177
15, 933
8, 867
7,066
15,838
8,769
7,069
15,866
8,775
7,091
15, 904
8,836
7,068
16, 076
8,996
7,080
16, 320
9,106
7, 214
16, 268
9,051
7,217
16, 531
9,083
7,448
16,646
9,189
7, 457
16, 607
9,201
7,406
r
16,658 - 16,560 pl6, 363
' 9, 329 rr 9, 303 p9, 222
r 7, 329
7, 257 P7.141
Manufacturing establishments
Durable goods industries ._
Nondurable goods industries
do
do ._
do
Mining total 9
Metal
Coal mining
Crude petroleum and natural gas
do
do
do
do
709
93
182
314
P667
682
91
167
310
666
90
164
306
656
86
163
304
654
86
158
304
657
86
153
306
668
87
153
310
678
88
154
314
672
88
143
318
677
86
154
315
676
88
155
311
668
86
156
306
Contract construction
do
Transportation and public utilities 9
do
Railroad transportation
do
Local and interurban passenger transit.-do
2 882
4,017
887
283
f 2, 760
p 3, 923
2,630
3,966
844
285
2, 457
3,888
812
284
2, 342
3,871
811
282
2,454
3,872
807
278
2,619
3, 870
809
273
2,775
3,891
813
270
2,971
3, 945
826
266
3,023
3,977
832
258
3.075
3,971
835
257
3, 021
3,971
826
9
68
2,981
3, 953
822
268
874
191
701
610
849
190
698
607
832
191
697
606
840
191
697
606
837
194
696
604
853
196
694
608
880
197
697
616
891
201
702
622
891
203
701
623
907
203
694
616
913
202
689
608
12, 146
3, 057
9, 089
2,709
7, 380
8, 980
11,233
2, 995
8, 238
2 702
7,313
8, 672
11,040
2,974
8, 066
2, 706
7,333
8,737
11,101 11,162
2,964
2, 955
8,137
8,207
2,710
2.724
7, 359
7, 448
8, 769 | 8, 787
11,238
2, 959
8. 279
2, 734
7,510
8,816
11,354
2, 990
8, 364
2, 766
7, 598
8,797
11,327
3,013
8,314
2, 795
7,631
8, 534
11,342
3, 044
8,298
2, 801
7, 606
8, 535
11,378
3, 035
8, 343
2, 770
7, 612
8. 904
P! 1.285
11,450 * 1 1 ,61 1'12,178
r
3, 058 p3,005
3, 049 r' 3, 051
8, 5(50 '9 120 p8, 280
8, 401
2, 758 p2. 744
2, 758 r 2, 757
7, 618 r 7,' 59(5 r' 7. 571 p7. 507
9, 285 p9, 045
9,030 '9,072
pi 54, 347 p' 54, 076 53, 707
16, 762 pl6, 268 1 6, 1 74
9.441 P 9. 044
8,988
187
P201
194
P 600
637
594
p 367
383
364
595
P 567
564
1,229 P 1, 142
1, 107
53,581
16,021
8, 863
195
596
356
556
1,092
53, 485
15,962
8, 797
196
591
358
551
1,084
53,561
16,023
8,820
196
595
361
557
1,085
' 53,663 53, 894
| 16, 119 16,275
! 8,904
9, 058
196
199
i
601
602
i
365
366
i
561
569
1,101
1, 135
54, 182
16,373
9, 114
200
606
368
573
1, 151
54, 335
16,392
9, 138
202
604
370
575
1,170
54, 333
16, 381
9,131
202
603
371
578
1,174
54, 304
1 6, 323
9, 105
203
603
370
573
1,179
54, 385 ' 54,521 <• 54,495 p54, 434
16,361 ' 16,466 ' 16,518 Pl6, 451
9,112 '9,213 ' 9. 251 p9, 21 8
r 205
P 20(5
206
208
r
P 595
602
600
600
373
374
p 376
372
r
p 557
570
567
574
1,174 "1,178 '1,185 P! , 202
\ir transportation
Telephone communication
Electric gas and sanitary services
Wholesale and retail trade
Wholesale trade
Retail trade
Finance insurance, and real estate
Services and miscellaneous
Government
Total, seasonally adjusted!
M anu facturing establishments
Durable goods industries
Ordnance and accessories
I /umber and wood products
Stonr> clav, and glass products
Primarv metal industries
do
do
do
874
191
706
613
11,412 P! 1,365
do
3, 009 P3.007
lo
l o _ _ _ _ 8, 403 "8,359
2, 684 p 2, 748
lo
7,361 P7.514
lo
8 520 P8.831
lo
lo
lo
lo
lo
do
do
do
'659
p (537
' 2, 825 r 2, 574
'3,943 ' 3, 920
816
267
p2, 291
p3, 8(53
'667
88
157
306
913
199
688
606
Fabricated metal products - . do _
Machinery
do
Electrical equipment and supplies
do
1, 128
1,471
1,446
p 1,076
p 1 , 402
p 1. 430
] , 073
1,414
1,402
1,055
1,401
1 , 405
1,041
1, 394
1,411
1,040
1,388
1,416
1,057
1,395
1,422
1,084
1,398
1,439
1,085
1,396
1,442
1,082
1.401
1, 442
1,094
1,404
1,444
1 , 090
1,400
1 , 428
1,091
1,409
1,455
r
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
1,617
354
392
p 1, 524
p 346
"382
1,553
345
378
1,491
343
373
1 , 455
341
375
1,468 ,
340
374
1.487
342
377
1,537
346
383
1 , 560
347
386
1,559
349
384
1 , 530
349
382
1,528
350
381
1,496
349
384
'1,579
P 7, 224
p],'780
P90
P 880
v 1,199
p 590
P920
P 830
P 203
p 305
P361
7, 186
1 , 788
92
876
1 , 1 80
584
922
824
206
356
358
(579
7, 1(55
1, 785
91
869
1, 1S2
583
7,215
1,787
90
877
1,204
585
924
824
205
356
3(53
666
2, 7(56
3,901
11,320
7* 439
8 671
7, 254
1 , 773
88
887
1 . 208
593
932
836
203
372
362
672
2. 776
3. 942
11,437
2, 748
7 5XM
X X35
7, 250
1, 770
90
882
1,213
592
929
835
205
372
362
665
2, 770
3, 939
11,410
7 447
8 643
7,217
1,772
89
884
1, 196
588
925
828
206
365
364
670
2,742
3, 903
1!,355
2, 739
7 4'-S6
8 774 i
7, 259
1, 775
90
887
1,210
592
929
834
20(5
371
365
6(59
3! 950
1 ! , 334
7, 158
1,785
91
870
1, 171
584
920
82 i
205
352
359
672
2, 773
3,931
11,347
12,090
12, 145
6, 678
0, 681*
93
1 2, 023
12, 164
(5,616
(i. 709
301
470
926
436
825
967
950
1 , 050
515
371
220
310
5,412
5, 463
1, 184
67
800
1,050
474
594
507
134
109
279
322
300
471
927
442
809
957
944
1,033
505
370
218
301
5, 407
5, 455
1,226
65
788
J,034
467
594
506
132
106
277
318
12,274 12.407
12, 15(5 1 12.104
6,641
(5,753
6. 699
(i, 073
94 j
97
5(58
565
311
314
4i 7
4//
955
940
447
831
839
950
960
982
968
1.013
961
430
470
368
379
222
226
317
326
5, 654
5, 633
5,457
5, 431
1,318
1,335
89
106
802
804
1,100
1,082
475
476
594
599
509
509
135
133
109
108
284
292
327
319
do
do
do
7 321
1,793
Food arid kindred products
do ___
94
Tobacco manufactures
do
915
Textile mill products
_ do _._
1,228
Apnarel and related products
do
593
Paper and allied products _
do
91.7
Printing, publishing, and allied i n d _ _ d o
830
Chemicals and allied products
do
212
Petroleum refining and related ind
do
374
Rubber and inisc plastic products
do
366
Leather and leather products
do
709
Minins?
do
Contract construction. _ ... _
_ do _ _ 2, 882
4,017
Transportation and public utilities
do
11,412
Wholesale and retail trade
do
2 6X4
Finance insurance and real estate
do
Sorvice^ and miscellaneous
do
7 361
Government
do
8 5'-)0
1
Production workers on mfg. payrolls, unadjusted. !
1 2. 562
Seasonally adjusted
do
- - -Durable goods industries, unadjusted, .do
7,021
Seasonally adjusted
do
89
Ordnance and accessories. - _ do
570
Lumber and wood products
..
do. _
319
Furniture and fixtures _ . _ _ do _ _
483
Stone, clav, and £>Iass products-- _ -do
992
Primarv metal industries _ . _ .do
471
Blast furnaces, steel and rolling mills do..-869
Fabricated metal products. _ _ __ .do
1,030
Machinery
do
987
Electrical equipment and supplies
do
1, 133
Transportation equipment 9 .
_
do _
566
Motor1 vehicles and equipment
do
392
\ircrr ft and parts
do
232
Instruments and related products
do
316
Miscellaneous mfg. industries
do
5, 541
Nondurable goods industries, unadj
do
Seasonally adjusted
do
Food and kindred products
do
"l~2ll~
83
Tobacco manufactures
do
827
Textile mill products
do
1,094
Apparel and related products
do
474
Paper and allied products _ _ _. ..do
592
Printing, publishing, and allied ind._do
511
Chemicals and allied products _ __ do.
Petroleum refining and related ind
do
138
Petroleum refining
do
113
289
Rubber and misc. plastic products. __do
Leather and leather products
do
323
p
2, 7(50
P 3, 923
P] 1,365
p 2, 748
P", 514
PS, 831
P12.046
12, 005
1 1 , 962
Hi. 61 5
6.613
6, 568
"94
92
p 535
518
r> 304
302
p 455
449
P 91 4
880
._
390
P 820
820
p 965
972
P 964
952
P! , 037
1, 101
554
382
p 221
224
P 306
297
p5, 430
5, 392
5, 394
~pl,~19T 1,169
p 79
85
P 793
791
1 , 055
Pl,067
p 470
466
p 596
599
p 506
500
P130
132
110
P280
277
p319
318
8H)
204
350
300
007
2, 765
3, 922
1 1 , 296
2. t 3 1
7 4?>0
8 682 :
1 1 . 740 1 1 , (5 42
1 1 , 820 1 1 , 755
6,351
0, 449
6, 377
6. 447
92
91
502
490
294
294
429
421
86(5
858
38(5
389
804
784
970
968
946
939
998
1 . 047
503
380
379
221
217
286
280
5, 291
5.291
5, 373
5, 378
1, 121
1, 101
81
778
778
1,039
1,071
463
459
591
591
495
497
129
131
109
109
271
266
322
318
r
Revised.
p Preliminary.
' Total and components are based on unadjusted data,
! Revised series. Beginning with the Xpv. 1961 SURVEY, data for employment, hours,
earnings, and labor turnover have been adjusted to the Mar. 1959 benchmark and have
been converted to the 1957 SIC. Effective Jan. 1959, the data include Alaska and Hawaii.
7,203
1,794
92
870
1,201
585
925
822
204
35!
359
66S
2, 792
3,919
11, 252
,
:
!
:
'
,'
;
i
?' 4'iX
7 4'>5
X 7T,>
X 734
11,660
11,812
6, 358
6, 403
92
492
294
431
861
395
7X0
968
934
999
454
380
217
289
5, 308
5, 409
1, 104
72
779
1,082
461
594
502
130
108
266
318
11,712
11,910
6, 426
6, 491
91
514
297
444
873
40(5
790
972
931
1 , 006
464
377
217
293
5, 286
5.419
1, 114
68
785
1 , 046
462
592
509
131
108
268
311
11,875
12,060
(5, 582
6, 637
93
537
296
458
904
4^5
8H>
971
943
1.044
504
374
219
302
5, 293
5, 423
1,121
66
791
1 , 033
464
590
509
132
108
274
311
3] 91 4
1 1, 392
2, 747
7 471
8 821
£
r
1,097
1,412
1,456
r 351
389
' 1 , 098 P! . 094
1,418 P! . 408
'1,472 P! . 483
r
'1,592
352
'388
pl.562
p 351
P 384
7,218
7,249 rr 7 953 r 7 9K7 p~ ''T-5
1.769
P! . 77(5
1,791
i >• 1,782
1,787
r
r
87
87
p 87
96
91
884 i r 886
" 883
880
882
1,203 ! ' 1,21 2 p 1.1 99
1,194
1,204
r 593 i
r 597
p 594
589
591
f 927
927
'928 i ''929
925
p 835
832
837 i
839
835
r
202
397 :
197
" 197
204
373 ; r 377
372
370
!
357
360
361
p 360
360
r
r
(55(5
(566
661 r (5(55
p 6 13
2. 754
2.719 r 2. (598 "2. 58(5
2, 758
3.939
3, 929 '3.927 '3.904 "3,900
l , 37 4 "11,363 "11.400
1 1 , 3(53 11.365 M
2, 7(54 rr 2. 771 r 2. 772 P2. 7(59
7 54(i
7 5H7
7 580 T 7.611 : T 7.640 P7. (537
8. 865 I X 936
8 992 ' X 944
"9 04 '>
8 9(57
12.379 r 12,414 ' 12,3 13
12,129 T
' 12,269
(i, 771 r 6. '883 TMi, 853r
(i. X(). >
6, 766
(i. 676
98
98
' 542
524
555
313
316
317
' 450
* 4(53
470
950
r 953
' 9(51
44(5
451
T
' 852
848
856
r
r
955
960
979
1.012 '1,014
997
1,124 M, 127
1 , 021
564
469
390
383
r 227
226
' 229
r
334
307
330
5. 608 r 5, 531 t 5, 460
5. 453 ' 5, 459 < 5, 464
1,286 '1,220 r 1,160
r
82
96
80
805
806
' 802
1,087 ' 1 . 092 ' 1,087
477
478
'477
'604
' 602
602
510
511
510
r 126
132
123
107
102
294
296
297
320
317
'323
/'1 2, 120
"12, 194
p(i, 769
p(>, 762
P 503
p312
p 429
P 97(5
»842
p 974
Pl,0l0
Pl.107
P 224
p 289
*5, 351
pf), 432
/'1, 108
p 77
p 792
P! , 067
P470
P 594
P 508
pl23
P293
P319
The revision affects all series; previously published estimates are not directly comparable
with the revised data. Unpublished revisions (prior to Sept. 1960) on new basis are in BLS
Bulletin No. 1312 ($3.00), available from Gov't. Printing Office, Wash. 25, D.C.
$ Includes data for industries not shown separately.
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
I960
Dec.
February lf>62
1961
Jan.
Feb.
Mar.
May
Apr.
June
1962
Aug.
July
Sept.
Oct.
Dee.
Nov.
Jan.
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT
Continued
Miscellaneous employment data:
Federal civilian employees (executive branch):
United States
thous
Wash D C , metropolitan area
do
9 243
220
2 GO. 5
p 2 55. 6
1(W. 9
100 6
95 2
p 106. 4
P 105. 2
p 89. 9
Railroad employees (class I railroads):
Index, seasonally adjusted _
2,251
215
9
9 9
212
216
2 948
224
2 265
226
225
220
55. 6
54. 5
55.0
55. 5
55. 8
88.6
98 9
82 9
95 9
100 3
85, 6
105. 6
103 0
88.3
117.1
106 4
92. 6
120.3
105 7
93.0
39 1
39 3
39
39
9
34
40
2
39
39
2
40
40
2
40
39
9
40
40
2
40
40
2
40
40
2. 180
215
2, 186
215
2 193
216
2 205
217
58. 2
54. 6
55. 0
55^9
92.4
100 r)
89.3
91.0
98 9
89 0
85. 0
98 0
85.8
2, 478
2,271
53
1
2 254
2 26°
221
221
56.0
57.0
P 56. 7
P 56. 6
125.0
107 6
92.2
120. 7
108 5
93.2
121.8
110 5
93.9
110.1
II 9 3
92 3
r H9 9
40 2
40 0
2 6
40 5
40 5
2. 5
39.8
39 6
2 8
40 0
30.8
2. 7
40
40
2
40
40
2
° 481
P 7r-iO
1947-49=100.-
INDEXES OF WEEKLY PAYROLLS!
Construction (construction workers) t- 1957-59= 100__
Manufacturing (production workers) f
do
Minine (production workers)!
_
do.- .
HOURS AND EARNINGS f
Average weekly gross hours per worker on payrolls
of iionagrieultural estab., unadjusted:!
A.11 manufacturing e^tab , unadj f
hours
Seasonallv adjusted
do
Average overtime
do
Durable goods industries
do
Seasonallv adjusted
do
Average overtime
- do_
r
39 7
p 39. S
9 4
4() 1
p2 4
p 40. 2
2.4
p'2.3
38 7
3S 5
9 I
3q i
39 0
2 0
38 9
3() 0
1 9
39 3
39 3
1.8
3)
39
1
39
39
1
0
3
9
3
(>
8
•> o
3Q 5
39 7
1.8
3
7
i
8
0
0
7
8
9
9
2
1
1
9
4
6
4
3
0
0
5
3
5
2.3
40 6
40 6
4
2
8
9
6
7
r 9 9
41 1
41 2
2 9
Ordnance and accessories
do
Lumber and wood products
do
Furniture and fixtures
do
Stone clay and glass products
do
Primary metal industries
do_ _
Blast furnaces, steel and rolling mills.do _ .
40.7
39 0
40.0
40 P.
39.0
38.0
P 40. 9
p 39. 4
v 39. 9
p 40. 6
P 39. 5
40 1
37 P)
39. 7
3Q 3
37 2
35. 3
40. 8
38 5
3*. 2
30 6
37.7
36. 2
40 4
38 4
38. 5
39 4
37 9
36. 5
40. 8
3S 5
38. 7
39 8
38. 2
36.9
40. 6
3S 8
3*. 7
40 1
3S 9
38. 1
40 5
39 7
38. 7
40 7
39 5
38.8
40 5
40 5
39.8
41 4
40 2
39.6
40.2
39 5
39.8
41 3
40.3
39.9
40.6
40 2
40.9
41 6
39 9
39.2
40.9
40.1
41.2
41.3
40. 2
40.2
41 4
40 5
41.3
41 3
40 3
39 5
Fabricated metal products
Machinery
Electrical equipment and supplies
do
do
do
40 5
41.0
39.8
MO. 5
P40. 9
MO. 1
39 3
40 1
39.1
39 5
40.4
39. 8
39 4
40 *>
39.7
39 P)
40 4
39. 7
40 1
40 8
39. 8
40 5
40 9
39.9
41 0
41 1
40.3
40 7
40 9
39.7
41 1
40 9
40.4
40 1
41.0
39. 8
41 1
41 3
40.7
Transportation equipment 9
Motor vehicles and equipment
Aircraft and parts
Instruments and related products
Miscellaneous mfg. industries
do
do
do
do
do.-..
40 7
41.0
40.9
40.4
39.3
MO. 4
*"
MO. 7
P39. 5
40 0
39 7
41.3
39 9
38.0
39 2
37.5
41. 7
40 3
38.9
39 4
37 8
41. 6
40 2
39.2
39 8
38 5
41. 5
39. 1
40 9
39 8
41. 1
40 3
39.0
40 6
40 7
40. 9
40 4
39.1
40 6
40 9
40. 7
40 8
39.7
40 5
40 5
40.9
40 5
39.1
40 2
39 7
41. 1
40 9
39.4
37 8
34.1
41.4
41.0
39.8
do
do
do
do
do
do
do
do
39.2
z>39. 3
2~5~ ~~~p~2.~5~
MO. 9
40.9
p38. 8
38.2
39.5 p 39. 9
35. 5 P35.4
p 42. 5
42.2
38.2
38.1
2 2
40 7
39. 1
38 1
33.2
41 0
38.5
38.7
2 1
40 4
37.7
38 0
34.2
41 4
38. 5
38.8
2 1
40 2
37.0
38 5
34.9
41 6
38.7
39.1
2 9
40 2
36. 6
38 8
35. 5
41 8
38.7
39.3
2 2
40 0
38.2
39 0
35.1
42 2
39.0
39.3
2 3
40 9
38. 1
39 5
34.9
42 2
39.6
39.5
2 t\
41 4
39.4
40 2
35. 4
4? 9
39.7
39.5
2 6
41 4
38.2
39 9
35.9
42 8
39.8
39.3
28
41 4
40. 1
40 5
36.5
43 0
do
do
do
do
do
do
38.5
41.3
41.1
40.8
39.9
36.9
38.0
40.7
40.8
40.8
38.8
35 8
38.0
41.0
41.3
41.4
39.2
37.8
38.0
40.9
40.2
40.4
39. 1
37.3
38.2
41.2
40.6
40.5
39.
36.9
38.1
41.2
41.2
41.0
39.7
35 9
38.0
41.2
41.1
40 7
40.1
36.8
38.2
41.7
41.8
41 0
40.6
37 9
38.1
41.5
42.0
41.4
40.7
38.3
do
do
-do
do
40.4
35.5
42.0
39 6
41.4
34.8
41 4
40. 1
41. 1
35.4
42.0
39 6
41.0
34.7
41.6
38 9
40. 5
31.5
41.9
39 5
40.9
32.8
41.8
40 2
40.fi
34.6
41.6
41 1
42 0
36.8
41 5
do
do
do
-do
36 7
35.4
40.7
35.9
34 2
33 0
37.2
33.9
36 4
35.7
39.4
35.8
36 1
35. 5
39.2
35.4
35 8
34.8
38.9
35.3
35 8
34 9
38.3
35.3
36 8
35.9
40.0
36.0
Transportation and public utilities:
Local and suburban transportation. ...do
Motor freight transportation and storage do
Telephone communication
do
Electric, gas, and sanitary services .. do
Wholesale and retail trade
do
Wholesale trade
do
Retail trade §
do
43. 1
41.5
39.6
41.0
39.0
40.5
38.5
43. 5
41 0
39 5
41.2
39 0
40.4
38 4
42.0
40.5
39 0
40.9
38.7
40.3
38.1
42.8
40.8
39 1
40.9
38.7
40.1
38. 1
42.6
40.6
38 8
40.7
38.6
40.2
38.0
42.8
40.8
38 7
40.6
38.7
40.3
38.0
Services and miscellaneous:
Hotels, tourist courts,
and motels.
do...
Laundries cleanina and dyeing plants do
39.9
38.8
39.4
38 1
39.2
38.5
39.1
38.2
39.2
38 6
P 92.34
plOO. 10
P113.70
p 76.44
88.62
96. 19
109 47
69.94
89.08
96.29
111. 79
70.84
89.31
96.29
111. 50
69. 89
Printing, publishing, and allied ind
Chemicals and allied products
Petroleum refining and related ind
Petroleum refining
Rubber and misc. plastic products
Leather and leather products
_
Nonmanufacturing establishments:!
Minin^ 9
Metal mining
Coal mining
Crude petroleum and natural gas
Contract construction
General building contractors
Heavy construction. _
Special trade contractors
p 108 5
!
(
r
r
Nondurable goods industries, unadj
Seasonally adjusted
Average overtime
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and related products
Paper and aPied products
82.1
90.7
P38.2
Ml. 4
Ml. 2
p40. 3
p37. 3
41.8
Average weekly gross earnings per worker on payrolls of nonagricultural establishments:!
All manufacturing establishments!
. -dollars. 89.72
97.44
Durable goods industries
... do_.
108. 67
Ordnance and accessories
do
73.71
Lumber and wood products
_
do
41 6
39 4
Ml.
3
r
41 0
40 2
39.1
r
40 6
r 40 4
r 9 Q
r 41 9
r
41 1
30
r
p 39 Q
P 40 0
P 9 4
p 40 4
p 40 4
P9 4
T
40 7
p41 3
p 38 1
P40.3
p 38 4
p 40 8
41 3
Ml 2
MO. 8
T
41 5
41 7
41.0
p 40 9
p 41 1
p 40. 3
41 3
41 5
41 5
41 1
40.2
T 49 7
44 1
41 8
r
41 3
40.4
r 49 9
p 40 7
r
41 3
39.9
p 40 9
P39.6
39.5
39. 2
2 9
41 6
41.6
40 3
34.5
43 1
39.8
39.6
2 9
41 4
40 8
40 9
35.8
43 o
39.9
39.7
'39.9
r
39. 8
38 3
r
38.3
41.5
41.0
40.3
40.6
37.6
38.4
41.2
41.6
40.9
40.8
36.4
41.6
41.6
38.0
42. 1
41. 1
41.4
36.6
41.7
37 7
36 5
41.4
36.8
37 9
36.5
41.7
37.0
43.2
41.3
38 9
40.7
38.7
4C.3
38.0
43.6
42 2
39 2
40.8
39 1
40.6
38 4
39.0
38 5
39.3
39.5
39.6
89. 54
97.17
112.61
71. 23
90.78
98. 31
112.06
1 4. 88
40 9
r
41 8
38 9
41.8
r 40 1
r
r 41 4
r 41 9
36.3
M3 2
36.0
r 43 o
p 39. 2
P39.4
p9 5
P 40 l
p 37 5
P 40 0
p 35. 4
p 42 2
38.3
41.6
41.7
40 9
40.7
36 7
38.3
41.8
Ml. 6
41 4
Ml. 2
r
38 0
'38.7
r
41.7
MO. 7
P38.0
P41.7
P41.3
Ml. 8
T 3g 7
p 40.8
p 38 7
41.0
41.7
36.6
41.6
41 8
42 1
37.8
42 5
41 0
41 3
37.6
41 7
38 5
37.0
43.1
37.3
37 4
35.9
40.6
36.7
38 2
36 8
42 5
37.2
36 5
35 5
39.0
36.0
43.0
41.7
39 6
41.0
39.4
40.7
38.8
43.3
42.6
39.5
40.9
39.3
40.6
38.6
42.9
42.1
40 3
41.1
38.8
40.5
38.0
42
42
40
41
38
40
37
9
3
1
2
6
6
8
43 3
41 9
39 7
41 3
38 4
40.6
37 5
39 7
40.8
39 1
41.1
38.7
39.4
38.7
39.9
39 1
39.0
38 8
92. 10
99.70
112. 19
77.42
93.03
101.09
112.19
79.79
93. 20
100. 35
111.76
78.21
92.86
100. 44
112.87
79.19
92.73
1 00. 00
114.11
81. 00
94.54
102. 66
115 92
81.41
r
104. 39
r
l!6
90
r
r
96 63
r
105. 06
r
l!7
46
T
p94 96
p 103. 02
pl!5 64
p73 91
81.51
r
95. 04
9 g
r 41 0
95. 82
78. 41
r
r9 8
r 4() 8
39 6
75 86
Furniture and
fixtures.
Stone, clay, and glass products
Primary metal industries
do__.
do...
do
75. 20 P 76.21
92.97 P 95.00
109. 59 pl!4. 55
75. 43
90.39
104. 90
72.20
91.08
106. 69
72.77
90. 62
107. 26
73. 14
91.54
108. 49
73.14
93.03
111.25
73. 53
94. 83
U4. 16
76. 02
97.29
116.58
75. 62
97. 06
117.68
78.12
98. 18
116. 11
79. 52
97.47
118.19
80.12
97.88
119 29
9Q
p 78. 18
^91.39
p l 2 2 81
Fabricated metal products
Machinery
Electrical equipment and supplies
do .
do.._
do...
98.82 plOO. 85
104. 55 pl07. 16
90.74 p 94.24
96. 68
103. 46
91.49
96. 78
104. 23
92. 73
96. 92
104. 90
92. 50
97.81
1.05. 04
92.50
99.45
106.49
93. 13
100. 85
106. 75
93.37
102. 09
107. 68
94.71
101. 75
107. 16
93. 69
102. 34
106. 75
94.94
99. 45
107. 83
93. 53
102 75 104 08 r!05 41
109. 03 r!09.18 r 110. 92
96. 05 ' 96. 70 97. 58
pl03 89
p 109. 33
p 95. 51
Transportation equipment 9
Instruments and related products
Miscellaneous mfg. industries.
do
do...
__do.._
111 52 P113. 12
93. 73 p 96.87
74. 28 P 75.84
Hi oo
92. 90
72. 96
108 19
95. 5i
75.08
108 74 H)9 85
94.87 1 95. 68
75. 66 ! 75. 46
110 95
95. 51
112.87
95. 75
75. 07
112 87 113 00
97.10
96.80
76.22 i 74. 29
112 96
97. 75
74. 47
106 29
97.99
76. 02
117 29
98.64
76. 78
r
1
Revised.
p Preliminary.
Includes Post Office employees hired for the Christmas season; there were about 225,000
such employees in the United States in Dec, 1961 and 293,000 in Dec. 1960.
* Based on
forunadjusted
FRASERdata.
Digitized
1
!See corresponding note, bottom p. S-13.
9 Includes data for industries not shown separately.
§Except eating and drinking places.
80. 12
'97.17
r
l!9 39
r 9
rl91
! 3 83 r ! 9 4 84
' 99. 53 '-100. 36
77. 57 r 78. 20
p 115 18
P99.39
P 78. 01
SURVEY OF CUEEENT BUSINESS
February 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
1960
Dec.
S-15
1962
1961
Jan.
Feb.
Mar.
Apr.
May
June
July
Nov.
Aug.
Sept.
Oct.
84. 77 rr 85. 39 r 85. 79
89. 79 - 90. 58
89.84
69. 36 - 69. 32 - 72. 47
67. 08 ^ 68. 31 -67.98
60. 62 •-60.12
60. 14
v 84. 67
p 90. 23
" 68. 63
p 66. 00
P 59. 47
-101.91
'107.97
-109.25
-123.32
-102.83
- 65. 79
"100.44
"105. 64
"110.09
"125.97
^99.96
P 66. 56
Dec.
Jan.
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average weekly gross earnings per worker on payrolls of nonagricultural estab.f — Continued
All manufacturing estab.f — Continued
Nondurable goods industries
dollars
Food and kindred products
do
Tobacco manufactures
do
Textile mill products
do
Apparel and related products
do
Paper and allied products
do
Printing, publishing, and allied ind
do
Chemicals and allied products
do
Petroleum refining and related ind _ _ do
Rubber and misc Dlastic products
do
Leather and leather products
do
Nonmanufacturing establishments:!
Mining 9
_
Metal mining. _ _ __
Coal mining
Crude petroleum and natural gas
80 36
86. 30
64 94
63. 60
56. 45
p82 92
P 89. 16
p69 06
v 65. 04
p 57. 70
79 84
87. 10
68. 03
61. 34
52. 79
80.47
87. 67
65. 22
61. 18
55. 06
80.47
87.23
65. 12
61. 99
56. 19
80. 88
87.23
65. 51
02. 86
57. 51
81.27
87.20
71.05
63. 18
56. 51
82.29
89. 57
70.87
63. 99
55. 84
83. 56
90. 25
74.07
65. 12
56. 64
84.16
90.25
71.05
64. 64
58. 16
83. 58
88.60
68.17
66.02
59.86
83. 74
89. 44
67. 39
66. 09
56.93
95. 37
102. 80
103. 25
118.78
92 97
60. 52
p 99. 45
P104 67
plOO. 81
P124. 42
p96 32
P 62. 66
94. 30
103.36
103. 38
118.73
91 96
58. 35
95. 22
102.98
104. 14
123.
90
99 51
62. 75
95. 68
103.36
103. 89
121.00
91 49
61. 55
96. 14
103. 90
104.24
121.80
91.89
61.62
97. 90
104.01
104. 24
124.42
93. 69
59. 95
97. 90
104, 12
105. 06
123. 30
95. 04
61. 46
100. 39
104. 67
108. 00
126.24
97, 03
63. 29
100.58
104.39
107. 90
1 26. 42
98. 90
63. 58
101.05
105. 33
107.49
122.59
97.85
62. 79
102.15
106.37
107. 53
126. 88
98.74
61.88
101.91
105. 71
108. 58
125.93
98.49
62. 76
-102.38
-106.09
109. 52
-126.46
'100.12
-64.98
do
do
do
do
105 44
111.19
110 76
103.32
103. 75
112.19
107. 53
103. 09
106.27
110.97
110.09
106. 68
104. 15
110.29
107.22
104. 42
101.14
109.35
96. 71
104. 75
103. 49
111.25
101.35
105. 75
104. 92
109 62
106. 91
104. 00
108. 09
114.24
115. 18
103. 75
110.24
114.40
119.32
106. 93
108.09
113.02
113.83
104. 67
109. 06
114.68
114.19
106.08
111.19
117.88
117.18
107. 95
109.88
115.64
116.94
106.75
do
do
_ do
do
112.67
103 72
114.77
118 11
108. 07
99. 33
107 51
114 58
115.39
107.46
113 87
121.00
114.08
106. 50
112 11
119.65
112.41
103. 70
110.48
118. 61
112.77
105. 40
109. 92
118. 96
116.29
108. 78
116.40
121. 32
119,13
110.23
121.72
124. 02
119.76
110.23
122.60
125. 06
122.05
111.74
127. 15
126.45
120.43
109.85
121.80
126. 25
123. 00
112.98
127.08
127 97
118.26
110.05
117.00
194 20
Transportation and public utilities:
Local and suburban transportation. ...do
Motor freight transportation and storage-do
Telephone communication
do
Electric, gas, and sanitary services
do
94.82
104. 17
89. 50
108 65
98 31
103. 73
91. 04
112 06
95 34
102.06
90. 48
110.84
97. 16
103. 63
90. 71
110. 84
97.13
103. 53
90. 02
110.30
97. 16
104. 45
90.17
110. 43
98. 06
106. 55
91.03
110.70
99.41
109. 30
92.12
110.98
98.47
108.42
93.46
112.34
99. 16
111. 19
93.62
112. 07
98. 67
111.14
97. 53
114. 26
98.24
111.67
96. 64
114.95
100. 02
111.04
96. 47
115.64
70 98
91. 13
62 37
70.20
91. 30
61 82
71.60
91.88
63 25
71. 60
91. 43
62.87
71.41
91.66
62.70
71.98
92. 69
63. 46
72. 37
92. 69
63.84
73. 51
94.19
64. 90
74.07
94.42
65.57
73.88
93.79
65.23
73. 72
94.77
64. 60
73.34
94. 60
64.64
73.34
95. 00
64.13
Contract construction _ _ _ _
General building contractors
Heavy construction _
Special trade contractors
.
Wholesale and retail trade
Wholesale trade
Retail trade §
do
do
do
Finance, insurance, and real estate:
Bankin?
__ __
do. __
Insurance carriers. _
do.__
Services and miscellaneous:
Hotels, tourist courts, and motels
do ._.
Laundries , cleaning and dyeing plants do _
67. 15
87.41
67. 52
88.07
68.45
88.90
69. 01
88.74
69. 01
88.80
68.82
89.08
68. 63
89.50
68.82
89.57
69.56
90.05
69. 19
90.34
69.37
90. 26
70.12
90.35
70.31
90. 58
43. 89
48.11
45. 31
47.63
45.08
48.13
44.97
47.75
45.08
48.25
44. 85
48.51
45.20
50.17
44. 75
50. 42
44.88
49.66
45.21
48.76
45. 31
49.15
47.08
50.05
46.41
49.66
Average hourly gross earnings per worker on payroils of nonagricultural establishments:!
All manufacturing establishments!
dollars-Excluding overtimed 1 - - - do
Durable goods industries
do
Excluding overtimed"do
2.26
2.20
2.43
2.36
»2.32
p 2 25
P2.49
P2.42
2.29
2.23
2.46
2.40
2.29
2.24
2.45
2.39
2.29
2.23
2.45
2.39
2.29
2.24
2.46
2.40
2.31
2.25
2.47
2.41
2.32
2.25
2.48
2.42
2.32
2.25
2.49
2.42
2.33
2.26
2.49
2.42
2.31
2.24
2.48
2.41
2.33
2.25
2.50
2.41
2.34
2.26
2.51
2.43
r
2.36
2.28
2. 54
2.45
-2.38
2.29
- 2. 55
2.46
p 2. 38
P2.31
P 2. 55
p 2. 47
Ordnance and accessories
_ do
Lumber and wood products
do
Furniture and
fixtures
. _ _ _ do
Stone, clay, and glass products
do
Primary metal industries
do
Blast furnaces, steel and rolling mills.do
2.67
1.89
1.88
2.29
2.81
3.08
p 2 . 78
pl.94
P 1.91
P2.34
P2.90
2.73
1.86
1.90
2.30
2.82
3.09
2.74
1.84
1.89
2.30
2.83
3.11
2.76
1.82
1.89
2.30
2.83
3.11
2.76
1.85
1.89
2.30
2.84
3.12
2.76
1.93
1.89
2.32
2.86
3.15
2.77
1,95
1.90
2.33
2.89
3.17
2.77
1.97
1.91
2.35
2.90
3.19
2.78
1.98
1.90
2.35
2.92
3.21
2.78
1.97
1.91
2.36
2.91
3.19
2.79
2.02
1.93
2.36
2.94
3.21
2.80
2.01
1.94
2.37
2.96
3.26
2.81
-1.99
1.94
2.37
-2.97
3.28
- 2. 81
-1.95
1.95
- 2. 37
-2.98
P2.80
pl.94
pl.94
P2.38
p3.01
Fabricated metal products
do
Machinery
_ _ . _ _
do
Electrical equipment and supplies
do_ _.
Transportation equipment 9
do
Motor vehicles and equipment __ _ _ d o _ _ .
Aircraft and parts
_do
Instruments and related products
do
Miscellaneous mfg. industries _ _ _ . do__ _
2 44
2.55
2.28
2.74
2.81
2.70
2.32
1.89
P2.49
P2. 62
P2.35
p 2 80
2.45
2.58
2.33
2.76
2.80
2.75
2.37
1.93
2.46
2.59
2.33
2.76
2.79
2.76
2.36
1.93
2.47
2.60
2.33
2.76
2.80
2.76
2.38
1.93
2.48
2.61
2.34
2.76
2.82
2.75
2.37
1.93
2.49
2.61
2.34
2.78
2.85
2.74
2.37
1.92
2.49
2.62
2.35
2.78
2.85
2.74
2.38
1.92
2.50
2.62
2.36
2.79
2.85
2.76
2.39
1.90
2.49
2.61
2.35
2.81
2.87
2.78
2.39
1.89
2.48
2.63
2.35
2.81
2.84
2. 80
2. 39
1.91
2.50
2.64
2.36
2.84
2.88
2.82
2.40
1.91
2.52
2.65
2.37
2.90
2.98
2.83
- 2. 41
1.92
- 2. 54
2.66
2.38
-2.91
p2. 54
p 2 . 66
P2.37
p 2. 83
P2.38
pl.92
2.46
2.58
2.34
2 79
2.83
2.77
2.37
1.92
-2.43
- 1 . 96
"2.43
pl.97
2.05
1.99
2 11
1.70
1.61
1.59
2.26
»2. 11
P 2.05
*>2 18
Pl.78
p 1. 63
p 1. 63
P2.34
2.09
2.03
2.14
1.74
1.61
1.59
2.30
2.09
2.04
2.17
1.73
1.61
1.61
2.30
2.09
2.03
2.17
1.76
1.61
1.61
2.30
2.09
2.04
2.17
1.79
1.62
1.62
2.30
2.10
2.05
2.18
1.86
1.62
1.61
2.32
2.11
2.05
2.19
1.86
1.62
1.60
2.32
2.11
2.04
2.18
1.88
1.62
1.60
2.34
2.12
2.05
2.18
1.86
1.62
1.62
2.35
2.10
2.03
2.14
1.70
1.63
1.64
2.35
2.12
2.05
2.15
1.62
1.64
1.65
2.37
2.13
2.06
2.17
1.70
1.64
1.68
2.37
-2.14
2.06
2.19
-1.81
1.65
1.67
2.37
-2.15
2.07
- 2. 22
-1.83
1.65
-1.67
2.37
P2.16
P2.09
P 2. 25
pl.83
pl.65
pl.68
P 2. 38
2.67
2.50
2.89
3.02
2.33
1.64
P2. 74
P 2. 58
P3.02
2.72
2.54
2.91
3.03
2.37
1.63
2.71
2.54
3.00
3.13
2.36
1.66
2.72
2.54
3.01
3.13
2.34
1.65
2.72
2.53
3.00
3.14
2.35
1.67
2.73
2.53
3.02
3.16
2.36
1.67
2.74
2.55
3.00
3.15
2.37
1.67
2.74
2.59
3.02
3.18
2.39
1.67
2.74
2.60
3.01
3.17
2.43
1.66
2.75
2.59
2.99
3.15
2.41
1.67
2.77
2.61
3.05
3.21
2.42
1.70
2.76
2.61
3.02
3.17
2.42
1.71
-2.77
2.62
3.04
3.19
2.43
1.71
-2.79
2.62
-3.03
p 2 . 78
P2.64
P 3. 05
- 2. 46
- 1 . 70
P 2. 45
pl.72
2.61
2.66
3.12
2.46
3.07
2.93
2.82
3.29
2.62
2.71
3.09
2.49
3.16
3.01
2.89
3.38
2.65
2.70
3.11
2.54
3.17
3.01
2.89
3.38
2 63
2.69
3.09
2.51
3.16
3.00
2.86
3.38
2.60
2.70
3.07
2.50
3.14
2.98
2.84
3.36
2.62
2.72
3.09
2.53
3.15
3.02
2.87
3.37
2.61
2.70
3.09
2.50
3.16
3.03
2.91
3.37
2.63
2.72
3.13
2.50
3.16
3.02
2.94
3.37
2.65
2.75
3.14
2.54
3.16
3.02
2.94
3.38
2.63
2.73
3.11
2.51
3.17
3.02
2.95
3.39
2.66
2.75
3.12
2.55
3 22
3.06
3.00
3.44
2.66
2.80
3.10
2.54
3 22
3.07
2.99
3.44
2.68
2.80
3.11
2.56
3 94
3.10
3.00
3.45
2.20
2.51
2.26
2.65
2.26
2.53
2.32
2. 72
2.27
2.52
2.32
2.71
2.27
2.54
2.32
2.71
2.28
2.55
2.32
2.71
2.27
2.56
2.33
2.72
2.27
2.58
2.34
2.72
2.28
2.59
2.35
2.72
2.29
2.60
2.36
2.74
2.29
2.61
2.37
2.74
2.30
2.64
2 42
2! 78
2.29
2.64
2.41
2.79
2.31
2. 65
2.43
2.80
1.82
2.25
1 62
1.80
2.26
1.61
1.85
2.28
1.66
1.85
2.28
1.65
1.85
2. 28
1. 65
1.86
2. 30
1.67
1.87
2.30
1.68
1.88
2.32
1.69
1.88
2.32
1.69
1.88
2.31
1.69
1.90
2.34
1.70
1.90
2.33
1.71
1.91
2. 34
1.71
1.10
1.24
1.15
1.25
1.15
1.25
1.15
1.25
1. 15
1.15
1.15
1.13
1. 10
1.10
1.15
1.18
1.19
1.25
1.27
1.26
1.27
1.26
1.27
1.27
1.28
1.28
9 Ineludes d ata for in dustries not shov,'ii separa tely.
d'D 3rived bi/• assumi ig that o vertime lours are paid at the rate of time a nd one-half.
Nondurable goods industries
Excluding overtimed1
Food and kindred products
Tobacco manufactures
_ _ _
Textile mill products
Apparel and related products
Paper and allied products
-
do
do
do
do
do
do
do
Printing, publishing, and allied ind
do
Chemicals and allied products
do_.-_
Petroleum refining and related ind
do
Petroleum refining
do._ _
Rubber and misc. plastic products _ _ do. _
Leather and leather products
do
Nonmanufacturing establishments:!
Mining9
-_.
Metal mining
Coalmining
__
Crude petroleum and natural gas
Contract construction.
General building contractors
Heavy construction _. _
Special trade contractors
do
..do . _ _
do
do
do
do
do
do
Transportation and public utilities:
Local and suburban transportation
do
Motor freight transportation and storage. do
Telephone communication
do
Electric, gas and sanitary services
do
Wholesale and retail trade
do
Retail trade §..
do
Services and miscellaneous:
Hotels, tourist courts, and motels
do
Laundries, cleaning and dyeing plants, -do
r
Revised.
p Preliminary.
!See corresponding note, bottom p. S-13.
§ Except eating and drinking places.
P2.39
Pl.68
SURVEY OF CURRENT BUSINESS
S-16
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
Monthly
average
February 1062
1960
1962
1961
Jan.
Dec.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
2.860
4.223
2.862
4.237
3.875
Oct.
Nov.
Dec.
Jan.
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Miscellaneous wage data:
Construction wages (ENR): §
Common labor
$ per hr
Skilled labor.
do
Equipment operators
do
Farm wages, without board or room, 1st of
mo__ _ _ _ _ _ _ _ _
$ per hr
Railroad wages (average, class I)
do __
Road-building wages, common labor (qtrly.)
$ per hr._
LABOR CONDITIONS
Labor turnover in manufacturing estab.:f
Accession rate, total. .mo. rate per 100 employeesNew hires
_
_ . . do_ __
Separation rate, total
do
Quit
do
Layoff
do
Industrial disputes (strikes and lockouts) :
Beginning in month:
Work stoppages
number- _
Workers involved
thous
In effect during month:
Work stoppages
number
Workers involved
thous
Man-davs idle during month
_
_ _ _do __.
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placements
thous
Unemployment insurance programs:
Insured unemployment, all programs
do
State programs:
Initial claims
do
Insured unemplovment, weeklv avg do __
Percent of covered employment:^
Unadjusted
*
_
Seasonallv adjusted
Beneficiaries weeklv average
thous
Benefits paid . . _
_ _ _ _ . __. mil. $-.
Federal employees, insured unemployment
thous__
4.190
2.747
4.099
4.118
4.119
4.120
3.736
3.747
3.747
2.815
4. 163
3.791
2.851
4.215
3. 728
2. 775
4.133
3.760
4.197
3.823
3.822
3.845
2. 655
1.08
2. 656
2. 703
2. 641
1.04
2. 687
2. 652
2. 666
2.684
2.699
4.031
3.651
2.827
1.97
2. 616
1.99
12.09
i 2. 14
3.8
2.2
4.3
1.3
2.4
2.765
2.765
2.836
1.04
1.96
2.03
3. 862
2. 654
2. 692
3.884
2.877
4.253
3.906
' 2. 877
r 4. 253
3. 906
3.6
3.2
1.4
3.9
.8
2. 6
4.0
1.6
3.9
.9
2.3
4.0
1.8
3.4
1.0
1.9
4.2
2. 1
3.5
1.1
1.8
5.0
2.9
3.6
1.2
1. 7
4.4
2.5
4.1
1.2
2.3
5.3
3.1
4.1
1.7
1. 11
4.7
3.0
5.1
2.3
zo
'4.3
'2.7
4. 1
1.4
2.0
p3 3
1.9
p3. 9
p 1.1
p2 2
110
28
170
80
210
120
220
320
94
430
120
330
140
330
95
325
95
310
334
300
223
225
~83
100
300
100
700
330
150
940
460
126
1. 180
020
165
1. 530
570
211
1, 760
560
183
1.090
550
160
1 , 320
530
390
3, 150
510
277
2:380
430
156
1,000
°5()
p 1,380
250
53
458
350
1,<K)0
440
520
596
511
485
2
1 434
1.906
610
492
378
365
342
417
2,481
2.817
3.515
3. 638
3. 403
1, 516
2. 300
-)
175
2. 639
2. 381
3. 266
1,919
3. 394
1,709
3, 168
1.40s
2. 779
1.36s
2. 328
8. 1
6.1
2. 899
461 . 5
(Va
6. 8
5.9
2. (i64
2
551
2
3. 006
603
M.905
1,229
1,991
1.501
1,95S
1 . 248
1.744
1.081
1,558
1.219
1. 502
1,406
1. 662
1.05s
2. 0 1 7
4.9
5.3
1,880
264. 4
4. 8
1 , 665
224. 0
4.3
5. 2
1 . 5X9
237. 2
3.8
5. 1
1.374
185.0
3.7
5.1
1, 283
180.9
4.1
5. 1
1,334
190. 9
5. 0
4. S
1.577
2 is. 5
31
28
28
29
30
58
25
52
53
6. 9
24
47
46
6.3
47
44
19
14
74
13.8
4.8
5. 6
2, 004
285. 2
6, 6
6. 4
2. 069
300. 2
397. 6
8.4
6. 3
2, 984
399. 3
362. 5
5.7
5. 6
2. 138
320. 1
33
33
35
40
41
40
36
33
31
29
54
28
67
65
9. 0
36
71
64
8.6
39
86
81
11.0
33
91
89
11.0
35
91
80
11.6
29
83
95
12.0
26
71
71
10. 2
26
61
66
9. 0
60
56
7.3
'•<)!
21
103
IK. 8
38
123
13
113
19. 7
10
106
22. 3
6
107
16.3
6
100
20. 5
9
83
17.6
100
83
12.7
26
74
2, 30 1
2. 400
31
13. 1
44S
501
2
1. 640
227. 2
7^0
607
500
2. 133
2, 165
4. 257
.93
2.674
P120
P275
2.878
2.25
2.17
3.7
]. 5
4. 7
.9
3.2
2.3
1.0
4.8
r
2.871
4. 245
278
110
2. 067
Veterans' program (UCX):
Initial claims
do
Insured unemplovment, weekly avg do
Beneficiaries, weekly average _ . _ _ do
Benefits paid
mil. $
Railroad program:
\pplications
thous
Insured unemployment, weekly a v g . _ _ d o
Benefits paid
*
*
mil. $
2.765
2
1,715
13.' 6
2 1.651 2 1, 816
r2
2 . 174
20
49
46
0. I)
15
13.' 8
FINANCE
BANKING
Open market paper outstanding, end of mo.:
|
Bankers' acceptances
mil $ 3 3 2 027
Commercial and finance co. paper, t o t a l J-._do
' 4,483
Placed through dealers!
do
i 3 1 '^"^
'"3.125
'Placed directly (finance paper) tdo
Agricultural loans and discounts outstanding of
agencies supervised bv the Farm Credit A d m . :
Total
mil $
Farm mortgage loans:
Federal land banks
_ _ _do
Loans to cooperatives
do
Other loans and discounts
do
Bank debits:
Unadjusted:
Total (344 centers)
bil $
New York City
.
._
do
6 other leading centers!
do
Seasonallv adjusted:*
New York City do .
6 other leading centers!
do
337 other centers
do
Federal Reserve banks, condition, end of mo.:
Assets, total 9
....... mil. $
3
2. 083
3 4. 074
3
1 711
3
2, 963
3
4, 795
3
2, 564
3
649
1 , 582
3 '>. 8l)8
3
697
3
1 752
619
1, 5X2
236 56
91.90
48. 13
259 24
106. 57
51.89
3
3
Reserve bank credit outstanding, total 9 -do
29, 359
Discounts and advances
. _ - - d o ._ 3 3 33
27, 384
U.S. Government securities
do
3
17, 479
Gold certificate reservesdo
3
Deposits, total 9
Member-bank reserve balances
Federal Reserve notes in circulation
do
do
do
do
54, 329
r
r
2, 029
5. 076
1 16 5
3,611
2. °54
''5.071
r
7
•' 3.551
,9.-
3. 534
1 -V-J9
3. 539
2, 203
' 4,918
1,478
; 3. 440
2,271
r 4,918
r
i, 460
3. 458
2, 422
' 4, 970 ' 4. 928 ' 4, 860
1,534
1,617
1,73:)
r
3, 442 r 3, 311 r 3, 130
2,49!
5, 104
1,S1S
3. 2S6
l!snS
2. Os:-;
4, 074
1.711
2,812
095
1 , 745
2 8-)s
697
1.752
4, 936
5, 023
5, 110
5, 174
5, 242
5,310
5, 347
5, 313
2, 009
050
1. 790
2. 701
013
1,859
2, 728
595
1, 920
2, 746
1, 595
2, 640
665
1,718
i.&
2. 767
646
1, 935
645
1 . 922
2 800
679
1.834
256 90
101. 55
52. 31
257. 71
104. 47
52. 38
265. 44
271.83
113.23
53. 35
247. 67
100. 59
49. 08
255. 54
100. 86
51. 44
246. 58
100. 29
48. 99
274. 72 '• 272. 59
113. 73 112.47
54. 20
54. 28
286. 20
110.46
240. 97
101. 15
48. 53
268. 80
89. 83
44. 86
88.38
98.27
101.45
103.45
113.34
103.83
47 87
94. 69
97. 52
51 05
97. 50
50 20
97. 72
49 48
98. 45
51 28
97. 33
53. 18
102. 85
52. 29
101. 55
104. 54
50. 74
100. 72
109. 05
52. 15
102. 38
109. 78
51. 33
100.21
119. 17
53. 59 r 54. 54
103. 97 105. 35
107. 24
53. 90
102. 08
52, 984
50, 235
50, 438
50, 188
50, 549
49,811
50, 678
50, 782
51.059
51.696
52, 087
52, 933
54, 329
52.311
28, 496
36
27, 253
28. 835
47
27. 097
17. 187
29.213
30 656
39
29, 210
16, 710
31,362
29. 612
129
28, 532
17,099
29, 548
59
28, 208
17, 028
10.015
16.542
51,696
52, 087
52, 933
54. 329
52. 31 1
18,038
17,105
17,075
17.089
17,095
17,256
50, 188
50,549
49.811
50, 678
50. 782
51,059
17,355
10,277
17, 546
16, 158
27, 520
16,966
17,800
16, 856
27, 906
16. 620
28, 034
28, 100
18, 194
16.888
28, 229
18, 136
17, 200
28, 814
17. 749
10, 107
27.. 504
17, 694
16, 716
27, 778
18.451
10. 419
27.415
17. 387
26. 305
28. 530
38.4
37.9
37.7
37. 6
37.1
36. 7
35. 6
34.8
35. 7
3
3
18, 336 » 18. 451
17, 081 3 17, 387
28, 450 3 29. 305
18, 330
17, 081
28, 450
16, 000
27, 700
17,268
57. 50
50, 438
27. 800
53
26, 667
50, 235
113.52
120.30
28, 628
59
27, 422
17,223
27, 560
60
26, 570
17, 140
52, 984
54. 28
27, 950
67
20, 772
29. 359
33
27, 384
17, 479
54. 329
111.46
53.78
28, 060
115
26, 088
17, 099
31, 362
3
130
* 28, 881
3
16, 615
27, 548
Ratio of gold certificate reserves to deposit and
3 34. 8
38.1
38.0
37.4
FR note liabilities combined
percent. _ 337.4
r
v
Revised..
Preliminary.. { Quarterly avei age. .
2
Excludes persons under Temporary Extended Compensation program and under
extended duration provisions (thous.): 1961—Apr., 580 and 40, respectively; M a y , 747; 11;
June,
703; 9; July, 542; 3; Aug., 450; 2; Sept., 403; 3; Oct., 365; 2; Nov., 355; 1; Dec., 357; 1.
3
End of year.
§ Wages as of Feb. 1, 1962, common labor, $2.889; skilled labor, $4.273.
f See corresponding note, bottom p. S-13.
1
2 605
683
1, 048
52, 984
3
2. 231
-'0,059
r
1 .{-(.)
2, 581
3
3
2 049
'5.030
4. 851
4, 795
52, 984
3
3
Liabilities, total 9
2, 027
'• 4, 4 S3
1 3 r)8
' 3, 125
37.9
17,502
38.0 '
27. 806
111
26, 887
17,724
28
27, 799
130
28, 881
16.872
tf Insured unemplo ymeiit a s % of a verage c Dvered e nploymt>nt in a 12-rnontl i period
Lire available upon request.
llncludes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
*New series. For data prior to Aug. 1960, see Federal Reserve Bulletins,
9 Includes data not shown separately.
SUEVEY OF CURRENT BUSINESS
February 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1960
End of year
Dec.
1960
S-17
1961
Jan.
Feb.
Mar.
Apr.
May
June
1962
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
FINANCE—Continued
BANKING— Continued
All member banks of Federal Reserve System,
averages of daily figures:
Excess reserves
mil. $ .
Borrowings from Federal Reserve banks
do
Free reserves
__
__
- -do
! r
1 r
Weekly reporting member banks of Federal Reserve
System, condition, Wed. nearest end of year
or month ;f
Deposits:
Demand ad justed o71
mil $
r
93,215
Time, total? _
_
_ ___do
Individuals, partnerships, and corp.:
Savings
do
Other time
do
35, 386
4,747
3,979
r
618
56
562
549
96
453
612
63
549
581
51
530
604
67
537
589
37
552
507
65
442
62 550
62, 120
62,156
62, 381
61,855
62, 166
63, 423
4. 836
2, 865
88, 229
63. 869
5, 572
2,854
11, 090
88, 056
64, 168
5,490
2, 982
10,805
88, 255
63, 750
4,932
3, 834
10, 925
89, 427
64, 044
5, 107
4, 086
11,201
86, 379
62, 935
4,847
3, 568
10, 586
90, 354
64, 480
4, 693
5, 533
11,022
92, 658
66, 407
5,027
4,071
12, 008
37, 498
38, 538
39, 191
39, 712
40, 304
40, 660
41,007
41,209
4 1 , 1 88 41,603
42, 855
27, 902
5, 699
28, 202
5, 939
28, 627
6,102
28, 862
6, 389
2<), 030
6, 415
29, 244
6, 512
29,62!
6, 406
29, 771
6,190
30, 225
5, 945
30. 640
6, 545
70, 153
31,905
3, 883
4, 960
12, 770
19, 456
69, 913
31, 460
3,873
5, 057
12,855
19, 527
70, 171
31, 769
3,888
5, 025
12, 896
19,389
70, 072
31, 499
4, 100
5, 066
12, 956
19,606
69, 551 70, 989
31,476 231,805
3, 615
4, 066
5. 044
5,487
13,055 13, 136
19, 408 19, 699
71,843
32, 085
4, 535
5, 358
13, 245
19,622
71, 670
32, 109
4, 004
5, 375
13,347
r
19, 706
74, 284
32. 819
4, 705
6, 167
13,
403
r
21, 164
71 , 883
32, 000
3, 806
5, 522
13, 420
20, 685
41,453
30, 590
25, 452
10. 8G3
42, 234
31,397
25, 644
10,837
42, 935
31.970
25, 667
10, 959
44,851
33, 790
26, 378
11,061
44, 750
33, 464
26.311
1 1 , 286
45, 624
34, 087
26, 833
1 1 , 537
45, 649
33, 932
26. 888
11,717
46, 069
33, 960
26, 609
12, 109
46, 653
34, 475
26, 820
12,178
756
87
669
745
49
690
654
137
517
546
70
476
97, 958
70, 149
4,971
4,033
13, 415
93, 215
89, 690
89, 860
86, 044
4,747
3, 979
5,138
3. 105
5, 065
3, 838
41, 603
35, 386
36, 610
36, 928
r
65, 644
do
do
do
do
do
Demand total 9
Individuals partnerships and corp
States and political subdivisions
U S Government
Domestic commercial banks
1573
i 149
' 424
756
187
669
30, 225
5. 945
614
105
509
573
149
424
600
70
536
63, 9(16
65, 644
64. 375
91, 216
66, 183
4, 894
3, 414
11, 820
97, 958
70, 149
4,971
4, 033
13, 415
91 , 958
67,183
5,154
3,199
11,198
r
74, 284
32, 819
4, 705
6, 167
13, 403
21,164
71, 009
32, 156
3,945
69, 626
31, 294
3, 568
69, 787
31,531
3,519
69, 638
32, 203
3, 104
12, 824
12, 787
12, 766
12, 727
46, 069
33, 960
26, 609
12, 109
40, 754
30, 547
24, 944
10, 207
41,361
31,086
24. 994
10,275
41,187
30, 635
25. 863
10, 552
40, 377
29,519
25, 578
10. 858
3 4, 97
4. 76
3 4. 98
3 5. 28
4. 99
4 77
4.97
5. 33
3.00
5. 05
6. 00
3.00
4 4. 00
4 5. 64
3.00
4.21
6. 00
3. 00
4. 05
5-76
3.00
4. 04
5. 75
3. 00
3. 99
5. 74
3.00
3.99
5. 60
3. 00
4. 00
5.60
3. 00
4. 00
5. 60
3.00
3.99
5.60
3.00
3. 97
5.60
3.00
3.98
5.60
3.00
3.98
5.60
3.00
4.00
5.60
3.00
3.98
5. 60
3.00
3. 51
3. 85
4
4
2. 81
2. 97
2.92
3.23
2. 86
2.98
2.78
3.03
2. 94
3. 03
2.84
2.91
2. 68
2.76
2.75
2.91
2. 75
2.72
2.81
2. 92
2.84
3. 05
2.75
3.00
2.75
2.98
2.87
3.19
3. 00
3.27
3. 54
4. 99
4
4
2. 68
4. 50
2. 97
4. 50
2. 78
4. 50
2. 65
4. 50
2.76
4. 50
2.58
4. 50
2. 50
4.50
2. 66
4. 50
2.50
4.50
2.64
4. 50
2.68
4.50
2.79
4.50
2.74
4. 50
2.93
4.50
3. 05
4. 50
2, 378
3. 60
L.. 2/2
3. 51
2. 302
3. 53
2. 408
3. 54
2. 120
3. 43
2. 327
3. 39
2. 288
3. 28
2. 35U
3.70
2. 268
3.69
2. 402
3.80
2. 304
3.77
2. 350
3.64
2. 458
3. 68
2.617
3.82
2. 746
3.84
22, 357
651
21 , 400
770
21,438
760
21,500
749
21 , 720
739
21,610
720
21,652
711
21,845
700
21,832
691
21,857
681
22, 048
673
21,982
666
22, 066
658
22. 357
651
642
mil. $._ 55, 757
57, 139
55, 757
54, 726
53, 843
53, 641
53, 756
54, 196
54, 602
54, 505
54, 739
54, 757
54, 902
55,451
57, 139
42, 588
43,163
42, 588
42, 122
41, 662
41, 465
41, 423
41,584
41, 888
41,909
42, 090
42, 039
42, 181
42, 419
43, 163
17,444
11,525
3, 139
10, 480
16, 960
11.771
3,177
11,255
17, 444
11,525
3, 139
10, 480
17,220
11,365
3, 100
10, 437
17,017
11, 136
3, 075
10, 434
16, 922
11,007
3,066
10, 470
16, 877
10, 915
3,073
10, 558
16, 933
10, 929
3, 100
10, 622
17, 061
10, 966
3, 122
10, 739
17, 063
10, 934
3,133
10. 779
17,061
10, 966
3, 165
10, 898
16, 902
11,006
3, 180
10, 951
16, 913
11,085
3,183
11,000
16, 960
11,215
3, 192
11,052
16, 960
11,771
3,177
11,255
By type of holder:
36, 974
Financial institutions, total
do
Commercial banks
._
. - _ . _ . . _ do-, . 16,672
11,228
Sales finance companies
do
3,923
Credit unions
do
Consumer finance companies ._ . do_ ._ 3, 670
1,481
Other
... __
-.-do ..
37, 580
16,843
11,052
4. 352
3,798
1,535
36, 974
16. 672
11,228
3, 923
3,670
1,481.
37, 708
17,539
11,165
3, 879
3, 645
1,480
37, 329
17,285
11,053
3,886
3,621
1,484
37, 092
17, 148
10, 931
3, 920
3, 603
1, 490
37, 003
17, 072
10, 883
3, 964
3, 606
1,478
37, 056
17,079
10, 859
4, 019
3, 607
1,492
37, 249
17,113
10, 915
4, 107
3,622
1,492
37, 226
17,066
10, 903
4,144
3, 633
1, 480
37, 320
17, 065
10, 886
4, 207
3, 659
1,503
37, 188
16, 909
10, 882
4, 233
3, 650
1,514
37, 191
16,877
10, 866
4, 269
3, 671
1, 508
37, 240
16, 836
10, 878
4,317
3, 681
1,525
37, 580
16, 843
11,052
4, 352
3 798
1,535
do
do
do
do _
do
5,615
2, 414
1,107
359
1,735
5. 583
2,421
1,080
359
1,723
5, 615
2,414
1,107
359
1,735
4,414
1,327
1,071
360
1,656
4, 334
1,367
1 , 043
361
1,563
4, 373
1,452
1,016
361
1,544
4, 420
1, 545
1,002
361
1,512
4, 527
1, 650
997
360
1, 520
4, 639
1,748
1,001
359
1,531
4,682
1,811
993
359
1,519
4, 769
1,896
1,001
359
1,513
4, 850
1, 979
1,009
360
1,502
4, 990
2, 097
1,014
359
1,520
5, 179
2,213
1,034
360
1, 572
5, 583
2. 421
1,080
359
1,723
do
13,169
13,976
13, 169
12, 604
12,181
12, 176
12, 333
12,612
12, 714
12, 596
12, 649
12,718
12, 721
13, 032
13, 976
do
do
do
4,5')7
3, 884
623
4, 955
4, 224
731
4, 507
3, 884
623
4, 503
3, 882
621
4,573
3, 927
646
4,611
3, 925
686
4, 589
3, 970
619
4,717
4, 028
689
4,743
4, 090
653
4, 708
4, 103
605
4, 769
4, 100
669
4,832
4,129
703
4,778
4. 125
653
4,880
4, 158
722
4, 955
4, 224
731
do
do
do
do
5, 329
941
3, 952
436
5, 438
948
4, 027
463
5, 329
941
3, 952
436
4, 721
810
3, 473
438
4,132
669
3, 030
433
4, 096
637
3, 034
425
4, 203
631
3, 149
423
4, 380
634
3,329
417
4,474
624
3,411
439
4, 397
574
3, 360
463
4, 409
589
3,327
493
4,423
623
3,312
488
4,517
656
3, 382
479
4, 684
717
3, 498
469
5, 438
948
4, 027
463
Loans (adjusted), totalcf
Commercial and industrial
_
For purchasing or carrying securities
To nonbank financial institutions
Real estate loans
Other loans
do
do
do
do
do
do
71, 009
32, 156
3,945
12, 824
Investments, total
__ _ do
U.S. Government obligations, total
do
Notes and bonds
do
Other securities -do.
40, 754
30, 547
24, 944
10, 207
Aloney and interest rates :§
Bank rates on business loans:
In 19 citie^
percent
\"ow York City
do
7 other northern and eastern cities
do
11 southern and western cities
do
3 r 5. 16
3
4 97
3
5. 15
3
5. 45
Discount rate, end of year or month (N.Y.F.R.
Bank)
__
_ _ -percent..
Federal intermediate credit bank loans
do
Federal land bank loans
do
Open market rates, New York City:
Bankers' acceptances (prime. 90 days)
do
Commercial paper (prime, 4-6 months) _ _ do
Finance Co. paper placed directly, 3-6 months
percent. .
Stock Exchange call loans, going rate
do
4
4
4
4
4
4
Yield on U.S. Government securities (taxable):
3-month
bills (rate on new issue)
percent- . * 42. 928
3. 99
3-5 year issues
do._
Savings deposits, balance to credit of depositors:
New York State savings banks, end of year
or month
_ _ m i l . $-. 21,400
770
U S postal savings 1[
do
3
4
4
4 97
4 75
4 96
5. 29
4 97
4 75
4 95
5. 31
46,114
34, 414
26, 149
11,700
r
4 96
4.77
4 96
5.24
4 QQ
i
r
4 75
* OR
5. 26
CONSUMER CREDIT \
(Short- and Intermediate- term)
Total outstanding, end of year or month
Installment credit, total
do
Automobile paper
_
Other consumer eoods paper
_
Repair and modernization loans.
Personal loans
Retail outlets, total
Department stores
Furniture stores
Automobile dealers
Other
._
_
Noninstallment credit, total
Single-pay men t loans, total
Com mercial banks
Other financial institutions
Charge accounts, total
Department stores
Other retail outlets
Credit cards _ _ _ _ _
.. __
_ _ _ _
do
- do_ ._
do
do
Service credit
do
3, 333
3, 583
3, 333
3, 380
3,476
r
l
2 Effect! v 3 Sept. 1961, dat a for
Revised.
*> Preliminary.
Average for I )ec.
several categories have been revised to reflect reclas sificatioi i of loan s; this cl lange rec uced
commercial
and industrial loans in Sept. by a net of $146 mil.
3 Qll arterly a verage.
4
Monthly average.
f Re vised to reflect new cove rag e and revised c assificati on of
deposits
(for
details, see the June and July 1961 iss ues of F ederal Pt serve Bu lief in).
Digitized cffor
FRASER
For demand deposits, the term "adjusted" d enotes d jinand c e posits c ther tha i Momestie commercial interbank and U.S. Government less cas h items i n proces •; of collec tion;
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
3, 469
3, 541
3, 491
3,515
3, 497
3, 471
3, 463
3, 426
3,468
3, 583
for loa ns, exclu sive of lo ans to d()mestic c ommerci al banks and afte r deducl ion of v iluation
reserv •\s (indiv idual loa n items £ire showii gross; i e., be for 3 deducti on of val nation re serves).
9 [ncludes data nr t shown separat 3iy.
§ ?or bom 1 yields, see p. -•-20.
as of en d of con secutive 4-week p eriods eiiding in month i ndicated except
11)ata are
June fi gure wrh ch is as o f June 30 (end o f f iscal year ).
t Revised to incorp orate ne\ v benchmark lata; rev isions ba ok to Jul y 1955 af )pcar in t he Dec. 1961 Fed eral Rese rye fiulle in.
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
February 1962
1961
1960
Jan.
Dec.
Feb.
Mar.
Apr.
1962
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
FINANCE—Continued
|
CONSUMER CREDIT}— Continued
Installment credit extended and repaid:
Unadjusted:
Extended total
Automobile paper
Other consumer goods oapcr
All other
Repaid tota^
\utomobile paper
Other consumer goods paper
Ml other
Adjusted:
Extended total
\utopiobilf paper
Other consumer goods paper
All other
•\utomobile paper
Other consumer goods paper
\]i other
4. 109
1,451
1,206
1.453
3 813
1,348
1,131
1,334
mil. $
do
do
do
do
do
do
do
1,152
1,481
3, 426
1.130
1.031
1,265
3, 895
1.354
1,193
1,348
3. 183
1.049
888
1,246
3. 643
1,252
1,116
1,275
3. 907
1,323
1,111
1.473
4, 104
1,418
1,242
1,444
3. 721
1.2H
1.( , 3
1.4U5
3 764
1,290
1, 164
1,310
4, 203
1.449
1.221
1,533
4.043
1,394
1 , 207
1,442
4. 347
1,515
1, 236
1,596
4,042
1.387
1, 199
1, 456
3, 905
1,365
1,113
1,427
3, 885
1,362
1,145
1,378
4, 234
1,395
1 , 229
1,610
4,053
1.396
1, 198
1,459
3.789
1.168
1,200
] , 421
3.839
1,327
1, 159
1.353
4,244
1,452
1,300
1,492
4, 102
1,441
1,221
1,440
4,275
4. 754
1,402 ! 1.289
1 . 750
1,327
1.715
1 . 546
4, 010
4 037
1.289
1,355
1,194
1,197
1,485
1. 527
3,984
1.351
1 207
1.426
3 866
1 348
1 , 1 53
1 365
3, 866
1,286
1, 179
1,401
3 875
1 , 356
1. 163
1 , 356
3.812
1.216
1, 165
1.431
3 889
1 , 353
1. 151
1 . 385
3, 894
1,255
1. 188
1.451
3 907
1.34S
1 , 1 76
1 . 383
3, 800
1,225
1. 162
1,413
3 907
1 . 356
1. 189
1 362
3, 907
1,270
1, 173
1,464
3 895
1 . 336
1, 166
1 . 393
3,962
1,296
1, 175
1,491
3 962
1.354
1. 188
1.420
3, 909
1,300
1, 184
1,425
3 937
1 . 364
1. 183
1 . 390
4, 038
1,302
1,212
1,524
3 994
1 . 362
1, 197
1 . 435
3, 942
1.271
1. 199
1,472
3 956
1.350
1. 190
1,416
4, 209
1,405
1,254
1.550
4, 028
1.372
1.210
1,446
4,317
1,511
1,249
1,557
4 017
1 , 359
1, 188
1.470
4.315
1.471
1.316
1.528
4. 051
1.361
1.233
1 . 457
5 586
8, 580
7 975
7,984
603 — 1 689
8,916
7, 867
1 049
6, 295
10. 256
8 292
8. 260
1 996 — 1 9'->7
9.731
9, 462
269
3.872
10, 236
9, 385
8 266
1 970 —5 512
8, 554
9,218
— 663
8. 868
8. 576
999
3, 999
1,315
1,207
1,477
4. 547
1 220
1,676
1, 651
3. 951
1,355
1. 186
1,410
'*,<*•>
1,319
do
do
do
do
do
do
do
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public:c?*
Receipts from
Pavment^ to
mil $
do
Seasonally adjusted quarterly totals:
Receipt "^
Payments
do
do
Budget receipts and expenditures:
Receipts total
Receipts netf
Customs
Individual income taxes
Corporation income taxe^
Employment taxes
Other internal revenue and receipt^
Expenditures total^f
Interest on public debt
Veterans' services and benefits
Major national security
\11 other expenditures
Public debt and guaranteed obligations:
Gross debt (direct), end of mo., total
Interest bearing, total.
_.
Public issues
8,191
7. 891
299
8, 161
8,728
-567
22, 500
24, 900
—2 300
24 800
24, 200
600
8,333
9, 357
12, 465
3,793
9. 684
7,902 10,552
° 781 — 4 109 —1 195
r
r
25, 200
26,100
—900
24 900
26, 600
— 1 700
8, 751
7,643
80
2,974
3 331
596
1,770
6 847
765
438
4,217
1 638
5, 537
4, 846
82
3,198
534
348
1. 375
6 470
775
444
3, 693
1 612
9,153
6, 537
70
5. 567
444
1,814
1,258
6 236
719
431
3,778
1 344
1 1 , 878
8. 524
88
3.171
5 799
1, 348
1,472
7 012
726
480
4.279
1 528
7. 359
5, 125
73
4,319
493
736
1,738
6 450
722
443
3, 754
1 532
9,767
6.467
85
5,699
411
2, 020
1,551
7 169
717
441
4,144
1 874
12, 728
10, 831
84
4,397
5 246
1, 173
1,829
7 961
758
446
4, 579
2 423
3,779
2 982
91
1,480
520
306
1,382
6 322
765
422
3, 453
1 742
8, 713
6, 367
98
4,814
382
1,821
1,597
7 631
730
471
4,046
2 434
10, 285
8, 945
90
4,679
3,251
884
1,380
6,771
727
418
3, 852
1. 777
3,811
3,141
105
1,614
408
241
1,443
7,796
713
438
4,067
2,587
8.007
6,424
106
4,891
377
1,266
1,368
7, 485
740
437
r
4,
253
r
2, 055
8.980
7. 967
88
3. 363
3.322
505
1.701
7. 160
781
P471
"4. 285
pi, 809
1
bil. $_. 1 290. 22 i 296. 17 290. 22
d o _ _ . 1 286. 82 i 292. 69 286. 82
242. 47 i 249. 17 242. 47
do
i 10 64
10 64
1
44.35
Special issues
- . _ . . _ _ _ d o _ _ . 44. 35 i 43. 52
!3.40 i 3.48
3.40
Noninterest bearing
_
do_
Guaranteed obligations not owned by U.S. Treasi .33
!. 16
.16
uarv, end of month
"
bil. $_.
U.S. savings bonds:
1
47. 53 i 47. 79
47. 53
Amount outstanding, end of month
do
.38
.36
.35
Sales, series E and 11
do
.47
.56
.58
Redemptions
do
290. 04
286. 65
242. 83
10 66
43.82
3.38
290. 54
287. 19
243. 46
10 68
43.73
3.35
287. 47
284. 06
240. 06
10 79
44.00
3.41
287. 99
284. 63
241. 62
10 86
43. 01
3.36
290. 15
286. 84
242. 34
10 93
44.50
3.30
288. 97
285. 67
240. 63
10 96
45.04
3.30
292. 40
289. 00
244. 80
10 93
44.20
3.41
293. 71
290. 66
245. 09
10 81
45.57
3.06
293. 75
290. 77
245. 77
10 81
45. 01
2.98
295. 66
292. 71
248. 82
11.01
43.89
2.95
297. 01
293. 60
249. 39
11 08
44.22
3.41
296. 17
292. 69
249. 17
296. 51
293. 11
250. 81
43. 52
3.48
42. 30
3.40
8, 333
6,626
91
3, 838
1,891
1,008
1,506
6 464
773
429
3,808
1 510
do
do
do
do
do
do
do
do
do _
do
do
do
6. 513
88
3.933
1, 766
1,039
1, 508
7,039
739
P445
*>4, 015
pi, 893
.16
.20
.21
.22
.23
.24
.24
.25
.27
.30
.31
.33
.35
47. 55
.46
.56
47.62
.42
.45
47.67
.43
.49
47.68
.35
.43
47.71
.37
.44
47. 75
.37
.46
47.81
.34
.42
47.87
.39
.44
47.89
.34
.42
47.95
.37
.41
48. 03
.36
.38
47.79
.34
.71
47.78
.48
.62
120 47
120 95
121 47
121 92
122 46
122 86
123. 38
123 90
124. 41
125. 06
125. 71
60.44
6.44
3 82
16. 12
3.68
26 30
60.59
6.39
3 85
16.14
3.67
26 45
60. 86
6.40
3.87
16.15
3.67
26.67
61.02
6. 36
3.90
16.17
3.66
26.81
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies
bil $
Bonds (book value), domestic and foreign,
total
bil $
U S Government
do
Public utility (U S )
Railroad ( U S )
do
do
*119 58
1
58. 56
6.43
3 59
1
15.
95
1
3. 64
1
1
i 25 45
119 72
58. 68
6.44
3 62
15. 94
3.73
25 22
59. 09
6.54
3 67
15.97
3.71
25 42
59. 24
6. 54
3 70
15. 98
3.71
25 48
Stocks (book value), domestic and foreign, total
1
4 15
4 10
4 98
4 05
bil $
1
1.94
1.91
1.79
1.90
Preferred (U S )
do
1
2.13
3. 12
2.16
2.10
Common ( U S )
do
42.14
42.01
Ml. 77
41.80
Mortgage loans total
do
1
39. 02
39.15
38.80
38. 79
Nonfarm
do
1
3.76
3.82
3.81
3.80
Real estate
do
1
5.34
5.23
5.27
5.30
Policy loans and premium notes
do
1
1 27
1 33
1 33
1 28
Cash
do
1
3
94
4
78
4.88
4.98
Other assets
do
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :
6, 508
7, 255
5. 187
5, 458
6,201
Value estimated total
mil $
1.486
944
1,279
1,870
1, 157
Group and wholesale
do
589
544
501
573
480
Industrial
do
4,433
4,
905
3,529
3,
970
4,349
Ordinary
do
Institute of Life Insurance:
Payments to policvholders and beneficiaries in
853 7
711.2
683 2
676 5
" U S total
'
mil $
304. 2
292. 2
295. 7
Death benefits
..
_
do . . 278. 8
6l) 9
56 5
56 1
Matured endowments
do
58 4
10.2
10 3
11 5
11.9
Disability payments
do
81.2
61.9
Annuity payments
do
56. 1
60 2
139. 8
136.1
147.2
138. 5
Surrender values
do
112.5
135. 0
284. 8
122. 6
Policy dividends
do
r
!
Revised.
p Preliminary.
End of year.
+ See similar footnote on p. S-17.
c?Other thai] borrowing. * * Now series (compiled by U.S. Treasury Dopt. and Bu. of
the Budget).
59.36
6.54
3 74
15. 96
3 72
25 56
59. 54
6.49
3 77
15.98
3.71
25 67
59. 74
6. 55
3 77
15. 99
3.70
25 76
59.86
6.40
3 78
16.03
3.69
25 97
60.22
6.44
3.79
16.05
3.68
26 19
4 24
1.94
2.23
42.35
39. 35
3.82
5.419
1 2
5 07
4 25
1.96
2.23
42.55
39. 52
3.83
5.46
1 23
5 06
4 34
2.02
2.25
42.72
39.67
3.84
5 51
1 30
5.02
4 34
2.04
2.24
42.90
39. 83
3.86
5. 55
1 27
5 07
4.38
2.05
2.26
43.05
39.96
3.87
5. 54
1 30
5. 02
4 42
2.06
2.28
43.22
40. 10
3.90
5 58
1 29
5 06
4.47
2.07
2.33
43.38
40.25
3.92
5.62
1 30
5. 14
4.52
2.08
2.38
43.58
40.44
3.94
5.65
1.33
5.18
4.58
2.09
2.42
43.82
40. 66
3.95
5.68
1.37
5.28
9,012
3. 656
634
4,722
6.297
1, 250
592
4, 455
6, 595
1, 154
677
4, 764
6, 255
1.141
628
4, 486
6,125
1,312
589
4,224
6,347
1. 405
585
4,357
5,866
1.158
578
4,130
6,848
1,543
614
4,691
6,671
1, 187
595
4, 889
7.440
1 . 930
529
4, 981
723.1
711.3
673.4
653. 6
739.2
741 6
728 5
681 7
286. 7
292. 7
261.9
287.2
313. 7
272.6
316. 8
307. 5
62. 3
52.9
50 4
56 4
59 2
52.8
60 6
HO. 8
11.6
10.9
10.4
9.9
11.
1
11.
7
11.4
10 8
65.7
62. 7
59.9
62. 9
63.8
65.7
61.0
63 1
151.7
161.4
144.5
132.0
140. 7
154.0
149. 7
151.5
143. 5
145. 1
147.3
118.7
131.1
128. 8
132. 4
126. 9
IData for net receipts and total expenditures reflect exclusion of certain intcrfimd transactions.
796. 7
325. 2
64 1
11. 5
65. 6
165. 6
164. 7
SUEVEY OF CURRENT BUSINESS
February 1962
I960
Unless otherv/ise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
Monthly
average
1960
S-19
196-1
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
1962
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
10. 889
— 65
16,815
1.033
1.043
FINANCE— Continued
LIFE INSURANCE— Continued
Life Insurance Association of America:
j 're mium income (39 cos.), qtrly. total
Accident and health
Annuities
Group
Industrial
Ordinary
mil $
do
do
do
do
do
i 2,1 916
557
i 274
i 343
i 201
!
1, 541
3. 252
613
329
348
287
1 675
2. 934
595
247
349
160
1. 585
2 942
570
271
351
169
1 580
2. 884
600
230
339
160
1 555
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of year or m o n t h )
mil. $__ 217.767 2 16, 889
-5
-105
Net release from earmark!
do
137
"Exports
thous $
27,919
Imports
do
1 7, 767
- 145
123
3 397
3
3
9 1,600
Production reported monthly total 9
do
90 700
!
66, 600
*66 400
\frica
do
13,
400
13, 800
Canada
do
1r
4, 900
3 900
United States
do
Silver:
2 149
3 667
Exports
do
4, 638
Imports
do
4,786
.924
.914
.914
Price at New York
dol. per fine o z _ _
Production:
3,483
2,813
Canada
thous fine oz
4 117
3 710
Mexico
do
United States
do
4,111
3,345
Money supply (end of yr., mo., or last Wed.):
32.9
Currencv in circulation.
bil $ 2 2 32. 9 2 233.9
278.
7
Deposits and currency, total
do
263.
2
263. 2
2
2
1.5
Foreign banks deposits net
do
3 2
32
27 i
27.4
U S Government balances
do
7 1
Deposits (adj.) and currency, total^f
do
Demand deposits, adjusted^
do
Time deposits, adjusted!
do
Currency outside banks __
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
New York City
ratio of debits to deposits
6 other centers cf-_ __
do
337 other reporting centers
do
2
2
2
17,441
-322
22 4fi3
2 779
3
90
5
000
67' 900
13 200
3 200
3
17.373 17.388
3
161
49, 138 140 284
2 209
3 091
17,390 1 7, 403
152
92
89 673 133,075
1 , 659
1 704
1 7, 550
254
98,118
1 , 857
17. 527
-3
193
2 399
17,451
-23
42, 118
9 246
17. 376
4
63, 065
4 949
17. 300
-43
70. 051
4 009
14,068
1 1 540
88 400
366,700
12, 600
2,900
70, 100
13, 700
3, 700
13, 100
3 200
13,400
3,300
12,800
3, 800
12, 600
3,800
12, 500
3,800
12,100
4 500
12,700
3 900
4 100
4 670
4, 502
.914
4 503
4 580
.914
1,841
3, 363
.914
749
3. 648
.914
2,832
3, 552
.914
992
3, 585
.914
3 397
2, 625
.914
2 511
3 316
.914
6 600
3,441
.923
2, 499 ' 2, 855 r 2, 398 ' 2, 445 '• 2, 877
4,020
3, 540
3,460
3 590
3 250
3,834
3,580
3, 190
3,285
3 974
2,394
3, 1*0
2,840
2, 223
3, 650
2,891
2, 346
4 390
3, 737
2 911
3 420
3 523
3,816
3, 188
3, 658
.914
4 673
4 105
.914
2,515
4 280
3,325
r
3
31.8
259.2
31
4 5
31.8
259. 5
31
6.9
31.9
258.9
33
53
31 8
260.6
32
32
32.2
261. 7
1. 1
5.9
32.4
265.6
1.2
7.4
32.5
267.2
13
6.7
32.6
266. 4
13
65
32 7
271.0
14
0 3
32 8
272.4
13
r$8
33.5
273.0
12
6 6
33.9
278.7
260
112
119
28
3
4
5
5
264 4
115 7
120.1
28 7
265 1
116 2
119.8
29 1
269 9
119 9
120.7
29 3
74 2
37 3
26 3
76 1
37 9
26 9
39 0
27 1
69 5
P 36 7
P 25 9
252 9 22 269. 9
115. 1 2 119.9
108. 5 120 7
2 29. 3
229.4
252 9
115. 1
108.5
29.4
951 6
114.7
109.0
28 0
249.5
110.6
110.7
28.2
250 2
110.3
111.9
28.0
254 2
113 6
112.7
27 9
254.7
110.6
115. 7
28.4
256.9
110.3
117.3
29.4
259. 1
113.0
117.7
28.4
258 5
111 5
118.6
28 5
70.0
P36.8
v 26. 1
57 8
34.3
25 1
63 0
36.5
25 7
63.7
35.8
25.7
67 1
35.4
26 1
68 0
36 9
25 6
74.6
38.0
26.9
70.6
37.7
26.6
70.6
36.7
26.2
73 4
38 1
26 7
60 0
34.8
25 7
16. 975
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes, all industries..
mil $
Food and kindred products,
do
Textile mill products
do
Lumber and wood products (except furniture)
mil $
Paper and allied products
do
Chemicals and allied products
do
Petroleum refining
do
Stone, clay, and glass products
do
Primary nonferrous metal
do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinerv, and transport equip )
mil $
Machinerv (except electrical)
do
Elec. machinery, equip., and supplies
do
Transportation equipment (except motor
vehicles, etc )
mil $
Motor vehicles and parts
do
All other manufacturing industries
do
Dividends paid (cash), all industries
do
Electric utilities, profits after taxes (Federal Reserve)
mil $
Transportation and communications (see pp. S-23
and S-24).
1
3,1 800
306
1
82
3,513
309
70
2, 900
262
36
3,965
340
60
3 837
377
84
1
26
1
147
1
503
1
719
1
143
1
123
1
236
2
141
441
832
117
95
150
4
121
421
783
44
104
103
43
151
566
712
165
137
229
48
137
520
725
183
106
°08
1
1
1
101
246
256
55
185
239
47
191
206
138
309
234
144
268
234
1
35
416
426
61
254
269
79
429
376
206
517
56
419
' 435
1
1
2, 070
2,302
2,008
2,005
2 010
449
452
523
447
447
2,295
1,947
1, 774
5.455
2.161
3,393
4, 432
3, 494
1,901
2. 064
1,913
4,350
2,334
2,122
673
139
34
1.816
764
86
45
1 , 645
472
99
30
5,288
529
130
37
2,007
542
125
29
2,223
1 061
1,111
60
4,112
1,021
228
92
3,210
1,495
244
40
1,642
817
239
20
1 887
637
131
45
1 695
460
201
17
4 042
794
299
9
2 106
697
184
44
846
179
20
238
18
87
210
895
218
22
183
11
101
249
601
173
15
140
28
21
149
695
J06
28
163
17
41
228
696
286
17
85
23
90
97
2,231
602
10
278
10
1,045
191
1,342
481
34
461
14
98
118
1,779
585
11
408
13
270
243
1,075
452
33
276
9
16
218
813
9gg
15
220
16
13
133
678
268
15
113
Q
77
110
1 101
331
11
994
4
25
315
995
220
9
358
14
72
176
1,449
1 , 052 1 173 4, 760
659
4, 069
348
455
602
490
660
706
T
2
Revised.
* Preliminary.
i Quarterly
average.
End of year.
3
4
Excludes Republic of the Congo.
Includes revisions not distributed by months.
§Or increase in earmarked gold (—).
9 Includes data for the following countries not shown separately: Mexico; Brazil; Colombia; Nicaragua; Australia; and India.
1 465
434
756
1 161
348
710
3, 091
2,244
625
1,715
369
1,035
8'>6
342
463
1 950
392
603
1 93r>
338
699
3 248
2, 564
643
1 409
357
789
1
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
. _mil $
By type of security:
Bonds and notes, total
do
Corporate
do
Common stock
_ .
do
Preferred stock. __
do
By type of issuer:
Corporate, total©
do
Manufacturing
do
Extractive (mining)
do
Public utility
do .
Railroad
do
Communication
do
Financial and real estate.- . .. . . do .Noncorporate, total O
U.S. Government
State and municipal
do
do
do- .
7 4
SURVEY OF CURRENT BUSINESS
S-20
1960 '
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
Monthly
average
February 1962
1962
1961
1960
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
1
!
Aug. I Sept. | Oct.
Nov.
Dee.
Jan.
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission—Continued
New corporate security issues:
Estimated net proceeds total
mil $
Proposed uses of proceeds:
New money total
do
Plant and eQuipmcnt
do
"Working capital
do
Retirement of securities
do
Other purposes
do
State and municipal issues (Bond Buyer) :
Long-term
__
do
Short-term
do
827
879
590
682
679
2, 203
1,314
1,744
1,049
793
658
1,075
898
730
472
749
496
253
27
103
552
359
192
10
28
612
304
308
14
56
484
289
195
118
2, 055
1,780
1.127
846
560
286
*85
63
1.090
834
256
55
169
182
662
434
228
31
100
612
402
210
11
36
928
612
316
42
105
840
598
242
14
44
695
376
490
279
706
334
660
496
756
397
710
201
625
382
1,035
279
463
297
603
665
699
351
643
244
789
532
' 654
>• 336
1
1
390
430
3,317 i 4, 294
1,135 i1 1,219
3. 003
i 2, 275
390
3,317
1, 135
2,275
413
3, 330
1.269
2, 038
453
3. 426
1,392
1,999
427
3, 656
1,507
1,997
433
3, 986
1,508
2,351
453
4,100
1,453
2,587
422
4,076
1,280
2, 815
443
4, 041
1,207
2, 798
436
4, 021
1,208
2,734
420
4, 037
1,227
2. 730
429
4,072
1,214
2,710
422
4,180
1,213
2,803
430
4,294
1,219
3, 003
91.42
91.56
81.81
92. 98
93. 12
83. 22
93. 21
93.38
82. 12
92. 96
93. 10
82.61
92. 50
92.60
84.00
93. 71
93.85
83. 39
93.84
93.98
83.38
93.72
93.87
83. 26
92.73
92. 87
82. 65
92.77
92.92
82.27
92.47
92.61
82.58
92. 97
93. 12
82.57
93. 19
93. 32
83. 31
92.67
92 76
85. 36
92. 26
92.38
83. 31
94.6
103. 9
86.22
95.2
107. 8
87. 55
95.1
107. 9
87.84
95.6
108. 1
87.70
96.3
109.7
88.74
97.0
108. 9
89. 07
96. 3
108.0
88.80
96. 0
109. 0
89. 74
95.0
106.8
87.83
94.5
106.7
87.57
93.9
106. 5
86.27
93.9
106.6
86. 09
94. 6
107.7
86.61
94. 9
108.1
86. 52
94.5
107.3
85. 61
133. 92
134. 52
168. 58
162. 82
142. 97
152.46
151.32
159.28
181.22
171.06
247. 68
222. 73
184. 05
163.40
172.93
167. 31
151.26
143.98
144. 16
146. 55
176.24
162. 53
137. 47
133. 89
153. 52
151.77
162.65
164.03
1 60. 43
167.36
131.65
132.28
163. 70
159. 05
140. 64
150.05
148. 72
156.49
174.49
167. 23
237. 56
217. 27
176.00
159. 35
167. 66
163. 10
148.00
140. 97
141. 64
143. 95
172.12
158.75
134. 97
131.33
150. 43
148. 44
158.28
160.65
154.50
161.12
112.20
105.88
6.33
136. 34
130. 51
5.83
130.18
122. 92
7. 25
144. 70
138. 05
6. 64
137. 64
132.41
5.23
178.01
170. 78
7. 22
138.04
132.00
6.04
140. 82
134. 51
6.31
118.28
112.74
5. 54
131.56
125. 80
5. 76
133.11
127. 84
5.27
111.74
106, 51
5.24
125. 57
120. 68
4.88
140. 84
135. 71
5. 13
135.73
129. 09
6.64
108.48
105 67
1.61
108. 34
105. 50
1 58
108.26
105. 42
1.60
107. 98
105. 13
1.60
107. 59
104. 72
1.62
109. 94
107.07
1.61
110.32
107.47
1.60
110.43
107. 60
1. 57
109. 30
106. 50
1. 56
109. 63
106. 84
1.55
108. 46
105. 67
1.55
108. 00
105. 20
1. 55
109.03
106. 22
1.56
104.75
101.86
1.63
104. 63
101.78
1.61
Face value total all issues $
-do_ ._ 1 18. 69
115.44
Domestic
- - do
1.97
Foreign
do
Yields:
4.73
Domest ic corporate (Moody's)
_ _ percent. _
By ratings:
4.41
Aaa
- do
4. 56
\a
do
4.77
A
do _.
5. 19
Baa
- do
By groups:
4.59
Industrial
do
4. 69
Public utility
do
4.92
Railroad
do
Domestic municipal:
3.51
Bond Buyer (20 bonds) _.
-do __.
3.73
Standard & Pocr'^ Corp (15 bonds)
do
4.01
U S Treasury bonds taxableO
do
116. 51
113.30
1.90
116. 15
112.89
1.95
116. 16
112.92
1.94
116.31
113.09
1.93
117.31
114.09
1.93
117.57
114.35
1. 92
117. 82
114.63
1. 89
117.87
114.68
1.89
118. 17
114.98
1.88
117.29
114.10
1.88
116.16
112.98
1.88
117.00
113.82
1.88
113.03
109.81
1.91
113.42
110. 18
1.93
4. 66
4, 66
4. 65
4. 59
4.54
4.56
4.58
4. 63
4. 70
4.73
4.74
4.73
4.70
4.71
4.70
4. 35
4.48
4. 70
5.08
4. 35
4. 50
4.71
5. 10
4.32
4. 48
4. 69
5.10
4.27
4.40
4. 63
5.07
4.22
4.33
4.57
5.02
4.25
4.37
4. 59
5.01
4.27
4.41
4.63
5.01
4.33
4.45
4.69
5.03
4.41
4. 53
4. 75
5.09
4.45
4.57
4.80
5.11
4.45
4. 59
4.81
5.12
4.42
4.56
4.79
5. 13
4.39
4.54
4.75
5.11
4.42
4. 56
4.74
5.10
4.42
4.55
4.74
5.08
4.54
4. 57
4.82
4. 55
4.58
4.87
4.52
4.57
4. 86
4. 46
4.51
4.82
4.40
4.43
4.78
4.45
4.46
4.75
4.48
4.49
4.77
4.54
4. 52
4.83
4.59
4.60
4.89
4.61
4.67
4.92
4.61
4.67
4.94
4.60
4. 66
4. 92
4.58
4.63
4.89
4. 59
4. 62
4.91
4.57
4.61
4.92
3. 46
3.46
3.90
3.38
3.45
3.88
3.38
3.44
3.89
3. 33
3. 33
3.81
3.51
3.38
3.78
3. 48
3.44
3.80
3.48
3.38
3.73
3. 54
3.53
3.88
3.49
3.53
3.90
3.54
3. 55
4.00
3.49
3.54
4.02
3. 36
3.46
3. 98
3.48
3.44
3.98
3.42
3.49
4.06
3.22
3.32
4.08
SECURITY
258
23
75
602
334
759
368
426
191
815
115
MARKETS
Brokers* Balances (N.Y.S.E. Members Carrying
Margin Accounts)
Casli on hand and in banks
Customers' debit balances (net)
Customers' free credit balances (net)
Money borrowed
mil $
do
do
do
Bonds
Prices:
Average price of all listed bonds (N.Y.S.E.),
total§
dollars
Domestic
do
Foreign
do
Standard & Poor's Corporation:
Industrial, utility, and railroad (A1+ issues):
Composite (21 bonds) c?---dol. per $100 bond-Domestic municipal (15 bonds)
do
U.S. Treasury bonds, taxable *f
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 stopped
sales, face value, total§
mil. $-_
Domestic
do
Foreign
do
Value, issues listed on N.Y.S.E., end of month:
Market value, total, all issues§
-Ml. $_.
F
>• T
do
1
1
r
94.5
109. 9
85. 34
------
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil. $__ 2 13, 575 214, 154 2, 456. 3 1,003.2
Finance
Manufacturing
Mining
Public utilities:
Communications
Electric and gas
Railroads
Trade
Miscellaneous
do__ _ 22 2. 048
do _ _ 7, 047
2549
..do
do
do
do
do
do
Dividend rates and prices, common stocks
(Moody's):
Dividends per share, annual rate (200 stocks)
dollars..
Industrial (125 stocks)
do
Public utility (24 stocks)
do
Railroad (25 stocks)
,
do
Bank
(15
stocks)
do
InQurance (10 stocks)
do_ _
2
2
468. 1 1,957.2
914. 1
367. 9 1,986.3
935. 7
372. 9 2, 008. 8
987.4
401.4 2, 750. 5 1. 065. 4
345. 9
2 2, 160
2 7. 346 1, 476. 4
2544
171.8
255. 2
298. 7
11.2
162. 7
161.2
135. 8 1, 262. 8
106. 4
2.9
1 79. 3
312. 4
11.7
157. 7
84. 1
133. 7 1, 280. 9
109.0
4.3
188.0
313. 8
9.8
85. 3
189. 3
133.5 1,277.0
2.9
107. 7
182.4
350. 0
16.9
400. 5
114.1
135.0 1,712.2
157.3
3.5
284.3
295.2
11.1
1, 181
1, 588
2370
2 581
2 212
2 1,283
2 1, 692
2356
2
578
2 195
93.1
186. 6
79.7
63.3
39. 5
209. 0
114.6
34.6
68.1
11.8
1.7
111.9
4.1
42.8
7.7
94.3
188.3
56. 8
53. 6
32.3
208. 7
119.3
20.4
52. 8
9.5
2.1
112. 8
.9
22. 3
95. 8
190. 2
63. 4
59. 0
30.3
225. 1
118.4
16.9
55. 2
8.5
1.8
114.8
4.1
23.0
7.5
96. 9
191.2
57. 9
59.8
29. 0
235. 4
118.4
19.1
56.8
8.4
2.4
114.6
1.5
22.8
7.5
109. 9
197.6
75.9
62.1
35.0
235.4
119.7
30.9
77.3
11.5
5.59
6.03
2.68
3.53
3.97
4.75
5.70
6.07
2.81
3.37
4.21
5. 18
5. 64
6. 01
2,74
3.44
4.09
5.08
5.64
6.01
2.74
3.41
4. 20
5.08
5. 65
6.01
5. 65
6. 01
2 77
£35
4. 20
5. 19
5. 66
6. 02
2.79
3.35
4.20
5. 19
5. 66
6. 03
2.79
3.35
4.20
5.19
5. 66
6.01
2.80
3, 35
4.20
5.19
5. 67
6.02
2.81
3.35
4.20
5.19
5. 68
6.02
2.83
3.37
4.20
5. 19
5. 68
6.02
2.83
3.37
4.21
5.19
5. 69
6.04
2.84
3.38
4.21
5.19
5.88
6.33
2.85
3.36
4.25
5.19
5.89
6.33
2.86
3.36
4. 25
5. 19
5.92
6.37
2.86
3.36
4.30
5.19
3' 41
4.20
5.19
155.46 1 85. 66 161.55 171.83 175.72
Price per share, end of mo. (200 stocks) 9 ...do
Industrial (125 stocks)
_
. .. do_ _. 173.18 199.90 175.22 186. 00 190.56
80.47
82. 66
76. 82
90. 55
69. 82
Public utility (24 stocks)
...do
68. 37
66. 00
68. 26
61.28
Railroad (25 stocks)
_
.do __ 62.46
r
l
Revised.
End of year.
2 Annual total.
§Data include bonds of the International Bank fc r Re cons truction and De\ elopmen t not
shown separately; these bonds are included in coi nputing the avei •age pric e of all isted
bonds.
195.17
189. 30 187.49 193. 10 200. 36 '•202.73
r
204. 00 201.55 207. 23 213.75 216. 69 209. 40
95. 14
99. 77 103. 91 r* 99. 32
94. 50
92. 73
70.43
69. 10
71.01
70.01
68.78
69 15
r
number
loes
not
he
chan£
e
in
the
y
used;
1
r
current
represen
t
numbe
of
bonds
Number
c?
affect the cont nuitv of series,
t
20year
bond.
3
percen
assumed
ds
on
ba
>is
of
an
from
avc
rage
yiel
derived
'rices
arc
11
0 For bom Is due or callable in 10 yea rs or mo •e.
9 Includes data not shown ? eparatel ?•
1 79. 36
193.51
85. 20
69. 24
179.65
193. 42
85. 54
67. 00
183. 20
197. 56
88. 57
68. 45
179.24
193. 90
85. 87
66.10
185. 95
200. 64
88.06
65. 90
SURVEY OF CURRENT BUSINESS
February 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
S-21
1962
1961
1960
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields and earnings,
(Moody's):
Yield (200 stocks)
Industrial (125 stocks).
Public utility (24 stocks)
Railroad (25 stocks)
Bank (15 stocks)
common
stocks
Earnings per share (at annual rate), qtrly.:
Industrial (125 stocks)
dollars
Public utilitv 0?4 stocks)
do
Railroad ('^5 stocks)
do
Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp )
percent- -
3.15
3. 1 1
3.25
4.84
3.51
2.50
3.22
3.15
3.33
4. 99
3.51
2. 50
3.15
3.11
3.26
5. 00
3.54
2. 51
'2. 91
3. 07
3.04
3.10
4.94
3.18
2.31
3.49
3.43
3. 57
5.61
3.92
2. 76
i 9 62
4 12
4 80
i 9 60
2 4 32
i 3 94
9 70
4 12
6 36
4.75
4. 66
4.84
4.73
4.68
4.66
4.67
4.63
4.66
4.69
4.69
4.69
4.62
4.59
4, 64
232. 44
691. 55
117 16
143. 52
202. 81
609. 54
97 74
128.29
21 2. 98
632. 20
102 79
139. 44
219.89
650. 01
107. 70
143.12
225. 64
670. 56
110.00
145.47
228. 42
684. CO
112.02
142.53
231.08
693. 03
112.84
144. 98
229. 53
691 . 44
112 61
141.35
228. 96
690. 66
114.15
137.82
237. 89
718.64
119.32
141.65
237. 88
711.02
121 20
143. 23
241.67
703. 01
127 69
149. 67
248. 56
724. 74
133 74
149. 06
246. 76
728. 44
131 90
143. 86
239. 95
705. 1 6
124 46
147.38
2
1
Prices:
204. 57
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
- - 618.04
91 39
Public utilitv (15 stocks)
138.93
Railroad (20 stocks)
Standard & Poor's Corporation:^
Industrial, public utilitv, and railroad:
Combined index (500 stocks)
1941-43 = 10.. 55. 85
Industrial, total (425 stocks) 9
Capital goods (127 stocks)
Consumers' goods (193 stock?)
Public utilitv (50 stocks)
Railroad (25 stocks)
Banks:
New York Citv (11 stocks)
Outside New York City (16 stocks)
Fire insurance (15 stocks)
3.28
3.23
3.40
5.17
3.78
2.51
3.60
3.48
3.84
5.65
3.91
2 92
percent-do
do
-. do. .
do
r
3.09
3.05
3.15
4.89
3.33
2.49
8. 10
4 17
0.22
3.16
3.10
3.26
5.07
3.27
2.48
3.05
3.00
3.19
5.08
3.19
2.35
3.00
2. 95
3 05
4.87
3.03
2.19
3.03
2.99
2.99
4.90
3.06
2.22
r
'9. 90
4 21
2.83
2.95
2.91
2.85
4.76
2.78
2.10
2.93
2.96
2.74
4.80
2.83
1.98
8. 80
4 27
4.82
r 2. 92
-2.88
r
4. 86
r
2. 75
r
2. 10
3.03
3.04
3.01
4.77
2.94
2.20
11.60
4 32
7.88
4. 59
66. 27
56. 80
59. 72
62.17
64. 1 2
65. 83
66. 50
65. 62
65. 44
67. 79
67. 26
68. 00
71.08
71.74
69. 07
do
do
do
do
do
59. 43
59. 74
47. 21
46. 86
30. 31
69. 99
67. 33
57. 01
60. 20
32.83
60. 22
59. 11
47. 98
49, 78
29. 03
63. 20
61.46
48. 96
52. 73
31.43
65. 71
63. 71
50. 85
55. 64
32. 17
67. 83
65. 77
53. 27
57. 06
32. 93
69. 64
66. 12
54. 33
59. 09
3'>. 35
70. 34
67. 41
55. 29
59. 59
33. 08
69. 48
67.49
55. 61
58. 43
32. 41
69. 1 5
66. 24
56. 21
59. 42
31 . 74
71.69
69.18
58. 73
61.19
32. 76
70.89
69.78
59. 82
62. 19
33.02
71.42
69. 32
61.26
64. 15
34 53
74.72
70. 91
64. 77
67. 19
34. 30
75. 81
70. 58
65. 00
65. 77
33. 21
72. 99
68. 06
61. 78
62. 69
33. 77
...do
do
do
26. 23
53. 09
33. 43
33. 75
70. 84
45. 42
26. 60
55. 37
37. 02
27.78
57.12
38. 97
29. 60
59. 48
42. 34
30. 55
63. 94
42. 95
30. 85
64. 92
42.64
31 . 30
67.14
42.97
32. 91
68. 38
43. 98
33. 55
69. 98
44.81
35. 64
74.47
47. 1 9
36. 09
77.27
47 16
36. 73
79. 26
49 40
39. 93
84. 57
51.60
40. 10
83. 50
50 97
38. 02
76. 79
47. 60
3, 768
116
5,317
167
4, 139
136
4, 946
163
5, 275
160
7, 281
242
6, 533
6. 305
224
5, 1 74
154
3,668
108
5. 161
149
4,215
123
4. 624
136
5, 282
1 56
5. 338
1 66
3,163
4, 392
3,487
4, 1 76
4. 407
5. 930
5, 2C5
4. 971
4, 293
3, 051
124
100
4, 338
71
104
3, 543
3, 898
4, 420
4, 467
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil. $..
Shares sold
millions
On New York Stock Exchange:
Market value
mil $
Shares sold.
__ _ _ _..
- .millions
Exclusive of odd lot and stopped sales
(N Y Times)
millions
Shares listed, N.Y. Stock Exchange, end of mo.:
Market value all listed shares
bil $
"Number of shares listed
millions
95
80
108
64
85
77
291.49
6 231
358. 93
6, 752
306. 97
6. 458
112
1 53
132
89
93
118
102
97
73
61
82
326 (50
6, 478
337. 49
6, 501
347. 58
0, 529
350. 47
6. 571
358. 86
6, 663
348. 86
6, 727
360. 38
6, 761
115
82
90
103
64
73
88
106
82
368- 65
6, 847
361. 14
6 871
371. 99
6 974
387. 35
7 009
387. 84
7 088
81
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Indexes
Exports of U.S. merchandise:
317
Quantity
1936-38 — 100
Value
__
do
694
Unit value
do
219
Imports for consumption:
216
Quantity
_.
do
595
Value
do
Unit value
do
276
Agricultural products, quantity:
Exports, U.S. merchandise, total:©
194
Unadjusted
1952-54 — 100
Seasonally adjusted
do
Cotton fiber (incl. linters), seas, adj
__do-__
202
Imports for consumption, total:©
Unadjusted
do
103
Seasonally adjusted
. . . _.
do _._
106
Supplementary imports, seas, adj
do__ _
102
Complementary imports, seas. adj..
do
Shipping Weight
Water-borne trade:
Exports, inci. reexports§
thous. Ig. tons
9, 408
14,810
General imports _ _-.
-do
Value
Northern North America
Southern North America
South America
_
_
__
__
.
.
r
301
664
220
306
681
223
350
781
223
308
692
225
313
708
226
305
688
226
296
663
224
302
677
224
295
662
225
339
766
226
325
738
227
206
561
272
198
542
274
185
505
274
222
602
187
510
273
214
580
271
214
580
271
223
605
271
224
610
272
211
573
272
240
649
271
235
641
272
247
199
219
210
196
231
206
198
203
225
208
226
185
191
181
184
188
127
155
177
82
157
204
231
179
221
391
158
174
v 150
218
199
f 105
99
90
112
80
101
89
92
88
96
90
97
85
120
105
111
101
98
85
77
90
103
109
91
125
112
115
95
132
108
121
113
127
113
123
127
121
102
112
106
116
109
125
122
126
8, 680
13, 700
7, 321
13,634
7, 755
12, 833
8,640
13,514
8, 567
11,597
10, 419
14, 300
10, 555
14,181
9,418
14, 443
mil. $_. 1,712.5 1, 739. 5 1,805.5 1,643.8 1 ,670.9 1,932.8 1,706.9 1,749.0 1,699.4 1,636.7 1,669.4 1,631.0 1,889.8 1,817.7 1, 826. 9
do
1,633.4 1, 672. 0 1,752.2 1,535.9 1,605.5 1,887.7 1,648.4 1,676.5 1,644.3 1,558.1 1,597.9 1,556.5 1,816.8 1, 759. 4 1,777.3
_.do
1,609 7 1,646 1 1,762 9 1,685.9 1,656 7 1,559 4 1,591 7 1,706 9 1 670 21,628.6 1,819.6 1,706.2 1,699.5
Exports (mdse.), incl. reexports, totaltt
Excl. MSP (military) shipments}
Seasonally adjusted*!
By geographic regions: A
Africa
_
_.
Asia
Australia and Oceania
Europe
__ _
331
729
220
..
do
do
do
do
63. 4
301. 6
39.5
540.5
68.4
382. 1
38.1
611. 1
59.2
334. 8
38. 3
518.6
62.1
333. 6
39.4
534. 0
80.1
388.8
38.0
622.7
63.8
358. 0
28.7
529. 6
65.6
366. 8
30.0
519.1
54.1
336. 6
26.3
530.9
76.3
349.3
32.3
439. 2
65.2
300.6
38.7
517.7
do
do
do
308. 3
138.2
174.0
269. 8
133. 5
180.9
263. 2
110.0
162. 6
280.5
114.9
178.2
315.5
130.3
212.8
302.7
126. 4
170.4
319.7
114.5
174.2
330.1
114.1
173.3
269. 5
118.7
203.0
302.4
122.0
176.6
Revised.
P Preliminary.
i Quarterly average at annual rat e.
For 12 months en diner Dec.
cf Number of stocks represents number currently used; the chan 2,e in nurnber doe snot
alTcct continuity of the series.
9 Includes data not' shown separate!v.
©Minor revisions for Jan.-Aug. 1960 will be shown later.
^Excludes "special category" shipments and all commodities expc>rted line er foreig n-aid
programs
as Department of Defense controlled cargo.
2
63. 1
293. 9
32.5
490. 4
78.0
324. 2
34.1
603. 2
299. 5
123.7
184. 5
350. 0
125. 7
205. 7
82. 5
332. 6
32. 6
573. 8
317.9
130. 7
185. 2
11 atainclu de shiprr ents (mi itary anc ^econorn icaid)un der the IV lutual S ^curity Program,
otals inc ude revi sions (iss ued thro jgh Dec. 1961) wl ich are n ot inclut cd in the various
breakr owns.
*NT evv serie s. Data prior to A us. 196 ) may bt obtaine 1 from Bu. of Cei]sus reports.
A Excludes "special category " shipm <nts.
n
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
1961
1960
Monthly
average
Dec.
February 1902
Jan.
Feb.
Mar.
Apr.
May
1962
July
June
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE -Continued
Value— Continued
Exports (mdse.), incl. reexports — Continued
By leading countries:
Africa:
United Arab Republic (Egypt Reg ) mil $
Union of South Africa
do
Asia and Oceania:
Australia including New Guinea
do
Colony of Singapore
do
India
do
Pakistan
do
Japan
do
Republic of Indonesia
do
Republic of the Philippines
do
Europe:
France
do
East Germany
do
\Vest Germany
do
Italy
do
Union of Soviet Socialist Republics
do
United Kingdom
do _.
North and south America:
Canada
do
Latin American Republics total 9
Argentina
Brazil
Chile
Colombia
Cuba
IVIexico
Venezuela
Exports of U S merchandise totall*
By economic classes:
Crude materials
Crude foodstuffs
Manufactured foodstuffs
and beverages
Semimanufacturescf1
Finished manufactures^
By principal commodities:
Agricultural products, total 9
Cotton unmanufactured
Fruits vegetables, and preparations
Grains and preparations
Packinghouse products
Tobacco and manufacturesA
Nonagricultural products, total 9 .
Automobiles, parts, and accessories
Chemicals and related products § Coal and related fuels
Iron and steel products
_. _
do
do
do
do
do
do
do
do
do
12 5
23.1
16 3
20. 7
11 2
18.7
12 0
22 0
16 1
12 0
20 1
13 8
19.9
8 5
13 9
13 4
21 9
11 7
17.4
8 4
15 9
18 6
16 1
18 2
16 2
32.3
32.9
3.7
67.7
17. 7
156.0
6.8
31.4
30.1
3.6
52.0
13.5
135. 6
16.7
24.8
29 9
3.3
40.2
10.1
137.8
13.8
24.7
29 6
4.0
48.6
21 5
164.0
12.2
27.8
21.4
4.0
42.9
17 7
148.2
12.2
24 7
23 1
4.0
38.7
18 7
160.0
10.2
31.2
19 5
38
36.8
12 3
154.6
6.7
34.0
24 4
3.6
55. 6
11 1
144.5
8.6
29 1
32 8
4.3
29.2
11 2
139.4
10.1
23.6
27 4
38
24.6
13 4
132.7
12.2
23 7
28 6
35
38.2
14 3
133 3
13 5
29 3
27 3
4 7
29.9
18 9
135 2
6.9
36 3
43.2
(l)
92.0
66.4
4.0
132.3
49.0
.2
83.0
70.7
3.9
97.4
49. 9
.3
90.5
70.7
2 6
92.1
61.0
0
102.0
81.6
4 6
115.2
52 6
.1
84 8
67.5
6 8
79.3
45.3
(')
89.6
72.6
2 8
74.8
46 8
0)
86.3
66.1
9 8
73.8
35 0
.1
72 3
53.4
6 4
70.1
43.3
2
88 5
63. 1
3.8
85.0
44 8
(i)
82 2
55.9
2
109.1
43 8
2
108 1
62 8
5
129.2
45 8
5
95 0
66 0
5
103.9
299 5
349 9
317 9
3.4
53.3
14.0
110.7
6.9
24.6
48.0
.3
88.9
53.5
3 2
117.2
308 2
269.8
263. 2
280. 5
315. 5
302 7
319.6
330 1
269 5
302 4
287. 9
29.1
35.5
16.2
20. 5
18.5
67.2
45.8
289. 0
32.1
43.8
16. 7
21.2
5.2
75.8
37.9
248. 4
28. 6
41.2
18.1
16 3
2.9
58.8
35.9
271 1
31.0
39.4
20 9
18.8
3.8
62 6
41.3
314 2
29. 6
57.3
20. 7
20. 7
2.6
69 5
57.0
268 9
34 8
34.3
18 0
21.3
2.0
68.3
34.2
4)
261.3
31 1
41.9
14 6
20.5
.5
62 9
37.7
298.2
274.4
35.5
50.1
22 2
23.2
.6
64.9
41.2
32.7
37.5
17.0
16.3
.1
68.6
46.8
-1,695.8 1 719 0
do
do
do
do
do
215. 5
136.6
93.0
do
do
do
do
do
do
do
do
do
do
do
402.0
293.5
952.9
82.3
32.4
137.5
25.1
39.7
1,289.6
107.7
140.0
30.1
73.2
212 2
158.2
96.4
274.0
978.0
r
1,786. 7 r 1,617. 5 r 1,658.3 '"1,902.4
287. 0
144.1
106. 2
292. 7
947.6
236. 3
132. 6
89.0
258.2
902. 6
218 8
224 8
177.2
156. 7
88.3
105.6
273 7
299 9
921.6 1,096.3
r
65. 7
40.6
37.1
17 4
23.4
.9
63.2
27.8
1,688.8 '1, 730.3 '1,678.3
187 4
153.9
88.5
266 2
991 4
186 5
163.8
98.4
287 5
989.3
166 3
144. 5
94.7
290 4
982.0
r
1,617.0 '1,649.9
166 2
139. 6
91. 1
279 6
940.9
504.2
423.2
426. 3
469.5
350.4
419.2
394. 1
395.2 348.2
134.7
130.4
112.1
113.6
45.4
79.8
36. 7
73.7
53.0
31.3
26.1
24. 7
31.8
34.2
37.2
33.2
32.8
26.7
156 3
138. 2
161.2
157.9
187.6
165.5
135.1
156.6
130.8
27.3
24.0
24.4
26.7
27.4
23.9
33.7
27.7
31.0
43.1
24.8
31.2
31.4
41.6
25.7
26.7
26.7
30.0
1, 299. 6 1,273.5 1,195.5 1,232.7 1,434.2 1,293.4 1,330.2 1,329.6 1, 266. 9
105.7
93.3
115.2
97.6
92.7
105.9
99.9
91.4
98.6
140.1
121.3
145. 1
158.4
149.7
143.8
141.0
151.6
139.6
23.4
19.5
20.1
19.6
33.2
27.2
33.7
29.2
24.5
62.1
53.4
60.3
73.6
66.1
68.8
60.9
88.5
81.9
226 3
135.1
90.8
266 7
931.5
5
286 4
0
40 7
1
30 6
1
19 8
2
17 7
.1
1
0)
67.4
70 4
70 9
44.7
48 1
43 3
'1,614.3 '1,866 8 1 797 9 1.806.9
283 2
35.6
36.5
18 7
21.0
306
49
39
19
19
?02 4
249 3
145.9
189.4
79.4
119.6
250 2
272 7
936 7 1 035 6
250
180
106
262
997
232. 1
2
178.8
9
104.7
6
280.9
4
1.
010.
4
8
469.5
371.2
490.1
501.4
77.5
58.8
44.8
43.0
32.9
31.6
49.5
35.1
186.4
181.3
139.3
179.1
26.8
30.8
24.7
30.0
43.9
76.1
82.3
64.6
1,259.0 1,243.4 1,365.3 1,307.8 1, 337. 5
105.4
81.2
85.8
107.3
107 9
139. 3
148.1
141.4
142.2
148.0
36.2
37.2
38.4
33.0
27 8
71.3
69.2
67.3
66.9
66.2
391.4
89.4
30.9
133. 8
25.6
35.6
349.5 374.6
357. 8
447.2 412.8 393.5 391.1
390.4
422 1 400.4
394.8 382.1
374.5 378.6
402 6
Machinery total §9
do
12.1
8.9
10.6
13.9
17.1
10.6
8.8
16.3
15.6
14.3
7.8
9.4
12.0
Agricultural
do
9.0
10 2
32.3
30.6
28.9
35.2
27.3
32.7
32.9
35.3
33.4
29.9
29.7
28.8
27.0
24.5
Tractors, parts, and accessories _ do
23.5
83.2
82.6
82.3
80. 6
86.4
105.6
94.4
89.9
104. 4
88.0
95.1
95.8
105.1
93.5
Electrical
do
95 0
34. 5
46.5
35. 2
42.1
30.7
40.8
39. 8
40.9
38.4
39.5
38.1
40.0
40.6
Metalworking§
_ _ _ _
d o _.
40.7
49.7
166.4
178.1
184.8
189.2
184.5
210.0
185.1
207.5
193.3
186. 0
188.5
185.5
178.4
187. 5
189.1
Other industrial
_.
- d o
37.8
34.9
32.1
39.9
40.1
36.4
37.3
38 9
34 1
39.0
38 0
41 9
Petroleum and products
do
37 0
38 2
33 3
56.3
55. 4
66.6
57.8
58. 2
53.2
49.3
59.9
57.9
53.9
53.8
53.9
56.8
Textiles and manufactures
do _
60.4
60.6
T
r
r
r
1,221.2
'
1,224.9
'1,157.7
l,
120.1
'
1,040.7
1,042.
4
'"1,192.8
1,215.9
1,264.8
'1,335.0
'1,234.6
'1,174.7
1.278.5
1,203.7
1.319 9
General imports, total tdo r
r
r
r
1,100.3 l, 115.6 l, 116.0 l , 121.9 '1,129.7 '1,115.7 ' 1,176.8 '1,368.2 '1,243.9 '1,247.2 1,318.9 1,288.9 1. 270. 5
Seasonally adjusted* t
do
By geographic regions: O
44.6
42.8
46.4
52 6
43 5
71.6
53 5
49 7
62 3
42.0
47. 5
37 3
Africa
do
39 5
226 7
196 8
209 5
215 8
244 5
167 8
202 8
231 4
242 6
181 8
207 5
220 8
Asia
do
235 3
22.2
28.2
35.0
17.7
18.8
13.6
28.2
29 4
24 6
33.4
27.7
29 2
Australia and Oceania
do
26 7
355. 6
343 4
315.3
343 7
357.0 334 4
299 3
334 9
420.5
327 1
287 3
338 4
Europe
do
414 4
271.9
223. 2
208. 4
249.2 212.3 263.7 273.0
242.0
197.8
Northern North America
do
288.8
270.8 ' 304. 1 296 2
113.3
119.3
127.1
122.9
139.5
93.3
104 2
98.4
124.8
128 5
127.6
91 7
Southern North America
do
111 7
203. 0
224. 6
181.8
197.5
201.4
201.6
182.1
199.1
173.4
188. 5
199.3
South America
_. do
192.0
195 2
By leading countries: O
Africa:
.6
2.6
1.4
13.4
.9
.5
2.2
.4
United Arab Republic (Egypt Reg.) ..do .7
1.8
.8
.7
11.7
12.7
12 2
11.8
9.0
8.0
8.6
10.2
9.5
8.7
10.1
8.8
10.0
8.7
Union of South Africa
do
Asia and Oceania:
15.4
14.2
17.3
21.9
17.7
11.9
11.1
9.5
16.4
14.5
11.5
Australia, including New Guinea
do
11.7
15.1
7
8
9
8
.8
.9
1.6
1.2
2.6
Colony of Singapore
do
1 0
1 6
17
1 7
18.7
31 4
22 3
18 0
19 0
19 9
17 6
21 8
23 0
17 5
17 1
19 7
17 8
India
do
2.6
4.3
2 7
1.9
2.2
30
3 5
4 7
2 8
2 9
2.5
33
3 2
Pakistan
do
92.6
99.5
99.6
84.4
82.5
81.2
107.3
95.7
83.3
61.7
76.6
80.9
94.3
Japan
do
14.5
12.4
11.5
14.4
12.9
14.8
18.0
22.1
14.1
13.2
11.5
14.0
12.5
Republic of Indonesia
-do
33.2
27.4
30.2
28.2
15.5
25.5
20.9
22.6
26.5
31.0
24.0
Republic of the Philippines .
do
20.0
31.1
Europe:
42.6
24.2
32 2
38.2
35.5
49.8
33.0
26.7
26.5
35.8
40.8
44.0
27.1
France
do
.2
.3
.3
.3
.1
.1
.1
.3
.3
.3
.2
.3
.2
East Germany
_ __do ...
73.6
69.2
75.6
65.2
63.8
78.8
66.0
69.6
69.8
67.9
81.8
82.8
74.7
West Germany
do
28.4
32.7
29 1
24 9
25 9
28 6
32 8
29 5
31.5
36.8
29 4
40.1
38 7
Italy
do
1.5
1.5
2.2
2.9
1.9
2.8
1.0
1.0
2.8
3.1
1.3
3.3
1.8
Union of Soviet Socialist Republics, ._do
75.2
86.6
63.5
60.6
72.3
102.4
68.6
56.6
72.0
73.5
82.7
70.7
United Kingdom
do
84.0
l
AManufactures of tobacco are included in the nonagricultural products total.
'Revised.
Less than $50,000.
§Excludes "special category, type 1" exports.
*New series. Data prior to August
9 Includes data not shown separately.
1960 may be obtained from Bureau of Census reports.
1 See similar note on p. S-21.
OData for certain recent months exclude imports unidentified by continent and
JTotals include revisions (issued through Dec. 1961) which are not included in the
country.
various breakdowns.
cf Data for semimanufactures reported as "special category, type 1" are included with
manufactures.
Digitized for finished
FRASER
SURVEY OF CURRENT BUSINESS
February 1962
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
| 1961
S—23
1960
Monthly
average
Dec.
1961
Jan.
Feb.
Mar.
Apr.
May
June
1962
July
Aug.
Nov.
Sept.
Oct.
288 4
979 6
r 304 \
296 0
253 2
263 8
9 0
56 5
14.8
94 i
31
35 5
65 0
7
45
18
18
2
42
72
Dec.
Jan.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
General imports, by leading countries— Continued
North and South America:
Canada
mil $
•>23 2
208 3
197 8
249 2
212 3
263 5
272 7
271 6
do
294 1
277 0
295 5
282 3
295 1
244 1
264 1
274 5
250 7
243 2
951 5
___do __.
do
do
do
do
do
do
8.2
47.5
16.1
25 0
29 8
36 9
79 0
7.1
42.6
9.5
24 7
2 9
39 1
83 9
9.2
38 2
21.2
32 4
36
40 7
91 8
7.3
42 1
15.0
20 1
27
49 5
90 4
8 4
47 8
11.9
25 8
30
53 4
79 o
7.8
43 5
15.6
17 5
11
42 7
66 5
10
42
13
22
2
52
73
10
40
17
29
4
56
70
8
38
18
21
3
44
64
8
53
11
20
2
37
69
8
57
8
22
4
3?
71
Latin American Republics total 9
Argentina.
Brazil
Chile
Colombia
Cuba
Mexico
Venezuela
241 8
Imports for consumption, totalj
do
By economic classes:
Crude materials
__ __ __ __
_
do
Crude foodstuffs
do
Manufactured foodstuffs and beverages. .do _
Semimanufactures
do
Finished manufactures
do
By principal commodities:
Agricultural products, total 9 do
Cocoa (cacao) beans, incl. shells
do
Coffee
do
Rubber crude, including guayule
do
Sugar
_ _
__ _
___ do __
Wool and mohair, unmanufactured d o _ _
Nonagricultural products total 9
do
Furs and manufactures
do
Iron and steel products
do
Nonferrous ores, metals, and mfs. , total 9
mil $
Copper incl ore and manufactures do
Tin including ore
do
Paper base stocks
do
Newsprint
do
Petroleum and products
do
r
1,220 9 1, 196. 0
r
1,151 6 r 1,110 4
T
I 031 1
T
1,229 7 T i 046 0
T
6
0
6
4
1
2
5
1,186 9
251. 1
143 5
130. 5
257 7
438.2
231.8
149 2
115. 5
242 6
411 8
235 2
153 9
105.8
234 9
382 0
210 3
139 7
110.5
228 1
347 9
237 4
168 1
142.9
265 0
421 9
202 5
141 8
109. 6
225 1
366 6
229 9
139 4
125.0
267 4
426 8
318.7
295 4
297 6
276 3
345 4
285 3
11.9
83 7
26.8
42.3
16.4
12 2
82 7
24 1
28.7
11.9
18 4
86 6
19 9
23.7
16.7
16 8
76 6
15 3
37.8
14.4
16 3
97 3
15 8
52.6
19.0
19 6
75 8
13 2
25 7
17.9
902.3
855 6
814 1
760 3
889 9
9.1
44 2
17.2
28 6
12 9
23 3
11 6
24 1
90
32 3
95 7
33. 5
98
28.0
57 4
128.6
86 9
33.2
9 4
23.1
59 3
141. 6
75 9
26 8
6 4
25.0
53 8
152.0
70 8
23 9
7 1
27 4
48 1
137.5
89
24
5
27
62
147
5
8
7
2
0
5
1
6
8
2
3
0
1
r\ 185 1 r
9
5
6
4
4
4
0
7
2
9
0
3
3
6
9
2
1
0
0
4
4
1 238 5 r 1 249 5 r i 174 o
T
3
3
5
7
8
8
7
1 330.3 1 314 6 1,256 2
238 5
150 3
136.3
253 5
410 3
254 2
133 1
141.8
257 1
454 7
259 4
138 0
147.4
251 7
453 6
242
130
135
252
414
7
5
2
4
9
271 0
r 141 9
153.7
284 3
479 4
251
132
163.
289
478
294 5
314 9
314 9
333 4
297 1
r 320 6
305 4
16 3
74 3
15 5
38 7
15.9
17 9
91 6
18 2
37 1
16. 1
20 8
72 7
18 6
49 7
19. 1
13 7
77 7
18 5
45 9
15.1
7 3
79 i
16 0
35 3
15.4
4 5
78 8
22 8
40 6
19.2
760 4
894 0
874 1
926 0
916 7
68
32 6
7 2
37 3
6 7
39 9
5 8
41 5
4 4
43 9
67 3
10 5
7 1
22 2
53 2
128 1
94
34
7
28
64
128
1
8
1
0
9
0
78
18
7
30
59
122
0
7
9
2
2
4
89 2
17 1
13 2
25 3
56 0
138 0
86
20
11
30
58
124
2
6
0
7
7
0
2
66
21
34
14
5
0
0
6
6
7
6
0
7
5
878 5 1 009 6 1 009 2
52
40 4
91
20
13
28
55
132
0
0
7
1
5
0
4 4
46 0
113
28
13
31
58
130
2
0
9
0
4
2
7 4
51 9
110
30
12
30
63
136
5
9
6
0
9
7
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Scheduled domestic trunk carriers:
Financial operations (qtrly. totals) :
Operating revenues total 9
Transport, total 9
.
Passenger
Property
U S mail
Operating expenses (incl. depreciation)
Net income (after taxes)
Operating results:
Miles flown (revenue) __
Express and freight ton-miles
flown
Mail ton-milesflown_
.
Passengers originated (revenue)
Passenger-miles flown (revenue) _ _ _
1
493. 5
i 489. 1
i 443 4
'30 0
i 11.7
i 484. 6
i 11
491.6
486.1
436 1
31 6
13 4
485
3
d
1 5
thous. 60, 419
do
31,718
do .. 11,066
do
3, 855
. mil2,450
56,971
35, 736
16, 479
3 504
2,284
56, 335
30 459
11,152
3 449
2,348
43, 331
27, 002
10, 389
2 829
1,818
57, 106
36 094
13, 239
3 779
2,398
56, 636
32 322
11,631
3 871
2,459
58 Oil
36 606
12 000
3 839
2 380
60, 313
38 116
11 781
4 281
2 826
61,742
33 662
10 629
3 937
2,678
62, 750
39 775
12 104
4 228
2 807
58, 846
41 002
11 767
3 858
2 543
60
43
12
4
2
30, 705
10, 429
35, 458
12,111
27, 822
6 983
27, 181
6 783
32, 790
11 955
28, 033
8 171
30 891
10 474
31 022
11 576
26 103
8 719
32 102
9 797
31 466
9 974
33 079
10 803
19.7
584
108 8
19 7
633
125 3
19.7
615
120 7
19.7
615
2,580
455
31
157
244
2,310
434
31
146
213
2,610
524
39
162
268
mil $
_do
do
do
do
do
do
Express Operations
Transportation revenues
Express privilege payments
. thous. $
do
Local Transit Lines
Fares, average cash rate§._ _ _
Passengers carried (revenue)
Operating revenues _
-
_cents-_
__ mil
mil. $
Class I Motor Carriers (Intercity)
Carriers of property (qtrly. totals):
Number of reporting carriers
Operating revenues total
mil $
Expenses, total
_
._
do
Freight carried (revenue)
mil tons
Carriers of passengers (qtrly. totals):
Number of reporting carriers
Operating revenues, total
mil. $__
Expenses, total
do
Passengers carried (revenue)
mil
Class I Railroads
Freight carloadings (AAR):c?
Total cars
Coal
_
_
Coke
Forest products
Grain and grain products
T
2
__.
...thous_do
do
do
do
18.9
627
117.3
2 923
U 188 4
11,158.5
1
69 0
2,537
443
34
••159
232
539 8
536. 1
486 3
33 4
12 3
531
9
d
3 3
1
3
9
8
3
2
4
19.2
19.4
19.4
19.4
19.5
19.5
19.5
19.6
19.6
116 8
110.4
123 5
114.5
121 3
113 6
106 3
112 6
652
611
582
923
2,382
424
29
156
237
5347
52
479
31
12
511
4
125. 5
659
603
644
988
1 207 8
1,197.9
69 0
2
139
i 115. 1
i 1100. 6
56.6
d
Revised.
Deficit.
* Quarterly average.
Number of carriers filing complete reports for year 1960.
JSoe similar note on p. s-22.
9 Includes data not shown separately.
19.6
604
460 7
455.6
413 0
28 7
12 0
479.0
d
16 9
599
1 223 2
1,158.3
71 7
139
140
140
97.8
95.8
51 3
118.9
103. 8
55 4
26
152
232
1,922
382
21
129
211
1,955
376
21
134
222
2,507
405
28
175
261
567
981
1 112 1
1, 097. 0
64 5
111.3
101.3
55.7
2,401
477
531
262
536
520
029
544
2,106
365
23
146
196
2,242
388
9(3
148
202
2,860
470
34
183
293
141
145. 4
114.8
61 2
2,174
329
25
140
256
2, 367
421
28
159
234
2, 951
537
38
190
245
2, 039
410
34
129
224
§Revised effective Jan. 1960 to reflect fares charged in U.S. cities with a 1960 population
of 25,000 or more; revisions for 1960 are shown in the Nov. 1961 SURVEY.
d"Data for Dec. 1960 and Mar., June, Sept., and Dec. 1961 cover 5 weeks; other months, 4
weeks.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1960
1961
Monthly
February 1f»(i_
1961
Dec.
Feb.
Jan.
A Tar.
Apr.
May
June
1962
Sept.
Aug.
July
Dec.
Nov.
Oct.
Jan.
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Class I Railroads— Continued
Freight carloadings (AAR) — Continued cf
Livestock
_ .
. _thous__
Ore
do
Merchandise, I.e.! - ___ ___
- .-.do _ _ Ati^ce^laneous
co
Freight carloadings, seas. adj. indexes (Fed. R.):f
Total
1957-59—100
Coal.
do..—
Coke
do
Forest products .
- - __.
__-do__
Grain and grain products
do
Livestock
_
do
Ore
___do _._
Merchandise, 1 c.l
do
Miscellaneous _
do _._
Financial operations:
Operating revenues total 9
Freight
Passenger
Operating expenses
Tax
accruals and rents
\ T et railway operating income
Net income ("after taxes)
mil $
do
do
do
do
do
do
Operating results:
Freight carried 1 mile (qtrly.)
bil. ton-miles.
Revenue per ton-mile (qtrlv. avg.)
. cents
Passengers carried ] mile revenue (qtrly ) mil
22
184
151
1,309
1
95
90
91
99
101
83
r3
107
75
96
3
19
145
121
20
59
138
1 252
1 296
91
87
78
95
104
71
83
61
92
15
44
109
1 Oil
87
82
60
87
98
76
75
66
89
11
48
118
18
72
158
17
65
119
17
136
117
14
244
140
11
213
106
1 025
1 390
1 176
1 208
1 483
1 095
87
82
60
89
103
72
71
64
88
OM9
584
5''
596
106
88
83
58
91
111
68
83
65
88
2
5
8
1
9
88
74
60
93
104
74
92
66
90
792 9
668. 8
53 4
630. 4
113 7
48.7
37.1
731 5
588. 1
60 7
613.6
83 6
34.3
2 147.0
2 1 402
2
5,315
141.0
1 . 392
4.917
13. 893
1 1 . 286
2. 607
13. 177
10. (512
2, 565
13 066
10. 800
2, 265
I 9 000
9.814
2. 192
13 502
5. 206
1 , 080
5.016
970
5. 072
875
4. 868
621
8. 72
8. 91
50
110
63
111
120
1 26
94
97
35
508
307
5, 060
5, 259
723 0
405 7
247. 5
446. 6
118. 1
65. 0
718 1
407 1
240 9
428. 7
120. 6
65.1
701 1
403 3
227. 0
417.4
22, 939
20, 640
1,621
21,713
20, 206
20, 727
18, 866
216
590
3, 105
2, 282
478
3,011
2. 479
220
2,766
2,308
4, 655
3, 530
864
4,275
3,395
737
d
d
"t /
7.9
668
559
4()
573
99
3
6
5
7
4
d
d
1, 8
IP. 5
761 3
642 6
50 1
fill 2
118 0
32 1
14. 4
90
85
65
97
102
80
54
63
92
714
604
46
584
108
22
9
4
1
1
1
6
4.4
92
89
79
96
108
74
64
63
93
778
664
47
617
120
40
25
5
6
7
3
5
8
5
132.0
1.386
92
87
83
94
111
62
78
62
92
796
670
58
613
123
59
43
4
6
1
6
4
4
6
14
223
114
1 174
28
263
141
1 509
36
202
111
1 341
24
144
103
17
85
117
1 214
1 397
13
62
88
1 079
9
90
89
93
97
96
68
90
58
91
94
90
88
99
104
74
92
56
96
95
92
86
100
97
72
118
57
96
96
90
92
92
116
64
103
57
97
94
88
99
93
111
63
100
54
95
91
87
90
96
97
69
84
60
93
754
629
58
606
111
35
20
2
3
7
6
9
6
4
9
89
93
98
104
71
87
60
92
825 4
695 9
58 9
625 96
12'
74 6
59 7
144. 1
1.381
4 929
4.743
774
658
47
600
113
60
41
7
3
9
5
4
8
5
843
721
47
693
3
0
4
9
799
681
47
607
121
71
j 9Q g
89 7
i 73 i
6
1
2
1
0
5
149 0
1 370
5 675
Waterway Traffic
Clearances, vessels in foreign trade:
Total V S ports
thous net tons
Foroien vessels
do
United States vessels
do
Panama Canal:
Total
In United States vessels
thous. Ig. tons..
do
Travel
Hotels:
Average sale per occupied room. _ _ _ _ _ _ _ _ dollars..
Rooms occupied
%> of total
Restaurant sales index
same mo 195 1 — 100
Foreign travel:
U S citizens- Arrivals
tl'ous
Departures
do
Aliens: Arrivals ._ _ _ _ _ ._ _ _ _ _ __c o_ _ _
Departures
co
Passports issued and renewed __
__do.
Xational parks visits
do
Pullma.n Co.:
Passenger-miles (revenue)
mil
Passenger revenues. _ _ _
._
thous. $_.
9.15
65
115
109
167
108
89
71
2 217
9.23
62
112
71
2 323
9
80
4. 488
12 945
10 322
2. 623
14 620
11 927
2, 692
14 915
11 939
5, 675
937
5,287
805
5, 953
837
5, 757
788
5. 626
691
5. 663
907
5, 021
851
5, 283
795
5, 233
839
9.08
64
113
8.70
9. 57
8,82
65
114
65
121
9.45
8 58
9 60
61
109
9 47
65
111
10 04
9 72
54
105
8 81
71
111
63
10Q
49
11 1
133
126
93
67
56
516
1 20
129
75
61
64
569
160
154
170
101
83
102
150
163
107
94
117
187
258
110
111
105
231
263
124
113
76
1 760
4 020
6 674
223
1 66
149
1129
5
2 818
164
137
127
100
40
1 115
299
206
138
108
09
6 438
r 1 8Q2
38
874
316
297
4, 981
234
3,882
207
251
243
4.611
3. 405
4.111
3r 957
255
4. 1 55
229
3, 642
258
4,259
3,615
735 8
408 5
256 8
448. 9
119 4
65. 5
7'70 1
40S 9
239 6
426. 2
125. 3
65.7
744 1
413 7
256 1
447. 6
125 4
66.0
742 4
414 3
254 6
440 0
127 0
66. 1
730 2
409 3
245 6
430 2
133 0
66.3
753 8
414 2
64 3
447 6
128 0
66. 5
741
416
250
441
124
66
9
3
4
9
8
8
767 0
r 404 3
264 8
457 3
131 4
67. 1
762 9
494 4
259 3
452 3
131 5
67.3
23. 383
20, 484
1,548
21, 339
19, 391
22 976
20, 522
1 139
23, 163
20, 121
1 785
20, 645
19 876
23,013
20 627
1 241
22 288
19 982
1 291
22, 587
20 020
1 689
21 483
19 878
d-397
2,879
2,504
3,077
77
2, 538
194
3, 164
2, 427
436
2 877
2,423
102
3 035
2, 465
247
2 914
2, 521
58
3 125
2,721
49
3 083
158
3, 155
2, 524
270
4,051
3, 264
4.613
3,513
4,439
4, 500
4, 528
3, 345
947
942
3,436
898
3,459
912
4, 652
3, 543
959
4,412
3,496
744
4,681
3, 209
1,258
4, 531
651
4,243
3, 478
608
10.926
2. 570
64
118
103
85
103
276
2,276
64
115
133
101
34
569
--
99Q
COMMUNICATIONS
Telephone carriers:
696 5
Operat in0' revenues 9
mil $
St at ion revenues
do
3(>2 6
Tolls, message
do
236 5
Operating expenses (before taxes)
_
do
418. 3
1 1 6. 6
Net operating income
do
Phones in service, end of year or nio . _ _ mil..
65.0
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues.
__
_
_ _ thous. $__ 21,864
19, 495
Operating expenses, incl. depreciation
do
Nfet operating revenues
do
1, 300
Ocean-cable:
Operating revenues
_
do
3,014
Operating expenses, incl. depreciation
do
2,470
Net operating revenues
__do
225
Radiotelegraph:
Operating revenues
_
do_ _ _ 4 224
Operating expenses, incl. depreciation
do _ _ 3, 322
N e t operating revenues
_ _ _ _ _ __do
750
117.8
65.3
682
9
797
2,406
351
3,467
892
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Acctylenef
mil. cu.ft
1,012
Ammonia, synthetic anhydrous (commercial)
thous. sh. tons _ « 401. 5
78.4
Carbon dioxide, liquid, gas, and solidj- _ _ _ d o
Chlorine, gas _
__
do
« 386. 4
967
999
989
848
980
902
984
896
790
938
939
1 100
432. 1
78.9
383. 6
427.5
63.1
369. 1
411.8
62. 8
368 8
400,6
57.0
333.4
463. 3
69. 2
373. 8
460.2
67.5
384.7
477. 5
83.1
399 6
442. 5
95. 5
375 1
411.5
96.7
381 6
417.2
105.5
394 7
399. 6
87.1
349 8
425. 5
80,8
409 5
"80.8
71. 1
72.3
67. 1
77.0
Hydrochloric acid (100% HC1)
do
Nitric acid (100% HN0 3 )
do ._ 276.3
282. 0
300.6
285. 8
272. 5
5, 875
4, 538
4, 794
4. 643
Oxvgen (high purity) t
mil. cu. ft.. a 4,832
187. 1
170.2
192.6 1 179.9
Phosphoric acid (100% P2O 5 )
thous. sh. tons.. 175.8
•"Revised.
<* Deficit.
« Revisions will be shown later as follows: Jan. 1959- Aus.
I960 for chlorine,
sodium hydroxide, arid sodium
sulfates; Jan.-Aug. 1960
for other indil
2
3
cated items.
Based on unadjusted data.
Quarterly average.
Revised 1959 mo.
avg. (1957-59=100): Coke, 93; ore, 81.
* Revision for Oct. 1960, $54,900,000.
cfData for Dec. 1960 and Alar., June, Sept. and Dec. 1961 cover 5 weeks; other months,
weeks.
Digitized for4 FRASER
r
1 114
1 19,1
435. 4
73. 0
411 4
439. 5
68. 7
420 4
74 9
76 7
77 6
83 0
73 2
83 3
73 1
70 6
86 9
85 6
295. 4
277. 0
274. 7
254. 6
255 2
276 6
297 5
283 9
298 8
312 2
5, 337
5, 167
5. 918
5. 988
5. 798
6, 102
6, 298
6, 753 * 6, 632
7, 075
205. 6
200. 7
209, 2
181.8
160. 2
175.0
175. 7 ' 195. 6 184.9 ! 183.7
t Revised effective w i t h the, Doc 1961 SHRVEV to inrornomfo t h o IQST .~u r-nrnn-iri^m
base period, as well as new weights and seasonal factors. Monthly indexes for total loadings
(1919-60) appear in the Dec. 1961 Fed. Res. Bulletin; indexes for separate classes prior to Oct.
1960 are available from the Board of Governors, Fed. Res., Wash. 25, D.C.
9 In eludes data not shown separately.
JSee similar note on p. S-25.
SURVEY OF CURRENT BUSINESS
Fehnmrv 1002
1 1960 I 1961
L-nless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961 !
Yir^fhix
edition of BUSINESS STATISTICS
j
^ erage
1960
Dec.
U 61
Jan.
|
Feb.
Alar.
Apr.
May
Tune
1962
July | A < i g . ! Sept. i Oct.
Nov.
j
| Dec.
Jan
:
CHEMICALS AND ALLIED PRODUCTS-Con tinned
CHEMICALS— Continued
Inorganic chemicals, production — Continued
Sodium carbonate (soda ash), synthetic (58%
NaoO)-..
thous. sh. tons-- 379. 8 376. 4 342.1 339. 8 336. 0 375. 5 373.3 400. 8 372.2 366. 3
10. 2
Sodium bichromate and chromate
do
8.3
8. 5
10.3
8.9
10.4
10.9
10. 1
9.9
91
Sodium hydroxide (100% NaOH)
do
«414 3
408.2
414 2
394 1
434 3
394 9
386 9
352 8
399 8
406 5
Sodium silicate (soluble silicate glass), anhydrous
43.9
thous. sh. tons. * 41.4
37.0
41.7
44.6
35.1
36.3
37.0
55.5
35. 5
Sodium sulfates (anhydrous, refined; Glauber's
a
89. 4
95.
7
~;alt: crude salt cake)_ _ _ __ thous, sh, tons
88.5
90.7
97.6
92.8
83.3
92.2
88.8
Sulfuric acid (100% IlaSOOJ
._.do_... 1.490.3 1. 487. 8 1 . 432. 3 1.494.0 1. 388. 7 1,562.8 I, 540. 4 1. 574. 0 1, 446. 3 1, 354. 6
Organie chemicals:^
Acetic acid (synthetic and natural), production
mil. Ib
\oetic anhydride, production
do
\cetylsalicvlic acid (aspirin) production do
Alcohol, ethyl:
Production
Stocks, end of month
Used for denaturation
"W ithdrawn tax-paid
Alcohol, denatured:
Production
Consumption (withdrawals)
Stocks, end of month
376.0
10.2
418 9
369. 1
9 9
370 0
408. 1
11 6
443 8
41.0
43.0
54. 6
94 4
97.6
1,401.7 1,390 9
97.4
1.543.7
r
410. 2
10 5
433 7
388.9
10 6
449 4
" 58. 9
43. 5
105 2
1.557 3 1.599.2
63.7
91.3
2 0
61.6
80. 1
19
59.6
74 4
2 2
54.5
70 6
17
67.9
89 6
1 6
58.0
82. 1
1 7
62.7
98 2
18
65.7
100.8
2 0
68.4
90 9
11
69. 6
93 3
2 0
65 0
105 0
9 0
76. 8
104 7
2 4
106 1
mil. proof gal__ ! 54.2
i 130. 3
do
45.2
do
!
do. _
5.3
52.4
134.5
48.3
51.2
137.9
50.7
44.9
136.5
39.9
51.7
139.9
50.3
49.8
141.8
42.5
54.6
154 4
41.5
46.0
139.2
41.8
5.6
44.2
139 7
41.6
4.2
49.6
142.3
41.5
5.0
53 4
140 9
37.6
5.5
66.3
136 9
44.7
7.3
56. 4
138 8
42.5
6.0
9 1
mil wine gal
do
do
24 2
24 3
4 4
25 9
26 5
5.3
27 6
25 3
7 7
21 4
23 4
58
27 0
26 9
61
22 9
22 8
6 3
22 3
21 4
7 2
^2 5
23 1
6.6
22 4
22 6
6 4
22 9
24 2
5.1
20 3
19 0
6 4
94 o
24 9
5 4
23 5
23 0
5 9
mil gal
mil Ib
do
13 7
S.9
14 2
58
6 4
15 2
6 0
68
13 4
58
8 2
16 0
6 6
6 9
14 2
11 0
8 5
15 8
6 8
89
14 7
9.5
88
14 9
61
10 3
14 7
4 6
81
13 7
7 7
6 8
13 6
12 0
7 4
13 0
12 8
108 1
156.0
108 8
129.9
119 5
127. 1
101 0
124 8
101 3
145 5
95 7
138.3
98 4
148 4
97 0
139.1
94 4
125 7
99 3
154. 9
87 7
155 5
97 5
165 1
95 2
162 4
20.9
30 0
23.9
32 8
20 2
33 ?
23 3
33 7
25.6
37 1
23 6
37 9
20.2
34 6
18 6
32 5
24.4
33 8
18 0
32 6
23 0
30 7
24 6
34 0
2
24.7
33 4
2
27 4
28 8
2
27 8
26 2
2
23 3
25 3
2
24 8
31 0
2
24 7
34 7
2
25 9
36 3
1
24 6
33 5
1
?4 3
33 o
1
25 5
33 3
1
22 8
31 6
1
28 1
30 0
28 5
28 0
- 780
561
43
435
68
345
503
42
371
70
349
407
19
296
84
557
496
18
379
83
1 430
439
40
321
67
2 021
547
27
446
44
1 441
527
55
439
22
919
636
27
536
57
404
663
16
551
85
255
534
13
447
57
362
523
18
428
70
420
548
34
452
52
540
62
411
207
105
30
12
35
126
63
o
216
119
11
359
194
53
21
61
273
127
40
22
47
311
161
83
18
42
177
101
48
11
9
139
92
34
15
3
158
93
37
10
19
203
124
35
5
33
260
138
35
15
54
216
106
32
9
44
261
135
59
9
54
181
272
126
177
282
309
177
54
124
232
124
211
104
Creosote oil production
DDT production
Ethvl acetate (85%), production
Ethvlene glycol, production
do
Formaldehyde (37% HCHO), production do
Glycerin, refined, all grades:
Production
do
Stocks end of month
do
Methanol, production:
Natural
mil gal
Synthetic
do
Phthalic anhydride production
mil Ib
24.2
27 4
22.4
34.3
24.0
38 4
FERTILIZERS
Consumption (10states)§
Exports
total 9
\ritrogenous materials
Phospliate materials
Potash materials
_ thous. sh. tons
do
do
do
do
Imports, total 9
Nitrogenous materials, total 9
Nitrate of soda
Phosphate materials
Potash materials
do
do
do
do
do
Potash deliveries
do
Superphosphate and other phosphatic fertilizers
(100% P 2 O 5 ):
Production
thous sh tons
Stocks, end of month
do
9
14
221
344
222
406
218
434
245
443
240
427
264
349
246
274
241
309
196
383
157
426
185
437
213
424
234
434
128
82. 026
127
82. 424
186
79, 907
133
70 391
139
67. 046
66
73, 887
58
77,714
86
88 356
44
83. 958
70
81 360
299
92, 792
106
93, 769
147 0
85 3
61 7
146.9
87.8
59. 1
109 4
60 9
48 5
3
3
125 5
72 8
52 7
116 0
65 7
50 3
146 6
87 5
59 1
151 7
93 2
58 5
169 8
104 8
65 0
179 8
112 8
67 0
IV) 1
99 5
55 6
169 7
103 6
66 1
541
3 778
467
3 808
419
3 814
529
3 889
511
3 888
545
3 948
547
3 936
4 086
4 8
6 1
]
3 7
6 7
1
3 7
6 3
1
4 5
7 6
1
4 2
7. 1
1
4 4
7 5
1
50
7 9
1
r
228
465
221
499
198
94. 844
177
85. 296
144
79, 679
154 1
92 1
62.0
l-*9 3
S6 5
134 6
111 1
60 1
1)9 g
59 4
51. 0
528
4 179
484
4 953
51 Q
4 307
4 0
6 5
1
5 0
6.6
1
5 4
8.5
.1
5 4
5 2
8.6
.1
8.6
1
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments:
Black blasting powder
thous Ib
High explosives
_ _
do
Paints, varnish, and lacquer, factory shipments:
Trade products
do
Industrial finishes
do
Sulfur, native (Frasch) and recovered:!
Production
thous Ig ton^
Stocks (producers') end of month
do
476
3 826
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:
Cellulose acetate and mixed ester plastics:
Sheets rods and tubes
mil Ib
Molding and extrusion materials
do
Nitrocellulose sheets rods and tubes
do
4 °
76
1
"
Phenolic and other tar acid resins
Polystyrene
T^rea and melaminc resins
do
do
do
r
49 3
82 1
29 8
39 3
71 3
23 8
40 8
66 5
24 0
40 6
62.7
22 4
46 3
71 8
27 0
45 1
79. 5
?4 8
49 7
85 9
28 8
51 1
86 6
28 7
39 8
82.7
2? 9
51.9
88.4
32 6
52.6
89.7
33.0
>• 57. 2
••98. 1
r
37. 6
53. 9
92.7
36 0
Vinyl resins
\lkyd resins
Rosin modifications
do
do
do
100 2
46 4
11 8
86 7
25 5
8 6
87 7
25 3
9 3
81. 1
24 6
88
93. 1
28 5
88
97. 5
30 6
9 0
104. 5
33 6
9 0
104. 5
33 7
10 0
91 9
31 8
9 3
107.4
34.5
10.0
101.5
34.4
11.6
116.8
'37. 2
10.3
110.9
34.4
12.5
Polyester resins.
._
Polyethylene resins
Miscellaneous (incl protective coatings)
do .
do
do
15.8
111 3
30 4
11.0
119 7
29 4
9.6
114 5
31 6
12.1
108 3
31 0
14.1
129 3
35 9
13.6
124.9
38 5
15.2
129. 0
37 6
01
13.0
38 9
12.0
135. 4
33 8
13.6
134.0
40 3
12.8
121.8
37.4
15.2
'146.2
43.8
15.5
148.4
42.9
r
1
Revised.
<» See similar note on p. S-24.
Effective July 1960, data for production, stocks, and withdrawals of ethyl alcohol include
amounts classified as "spirits"; the 1960 averages shown are based on July-Dec, data.
2
Based on data for 11 States; see note " §".
3
Beginning Jan. 1961, trade sales of lacquers (formerly shown with industrial finishes)
are included under trade products.
{Revisions for Jan. 1959-June 1960 for carbon dioxide and Jan.-June 1960 for acetylene,
oxygen, and sulfuric acid are shown in the Oct. 1961 SURVEY.
c^Data (except for alcohol) are reported on the basis of 100% content of the specified
material unless otherwise indicated.
§States represented are: North Carolina, South Carolina, Georgia, Florida, Alabama,
Tennessee, Arkansas, Louisiana, Texas, Oklahoma; also Virginia in 1959 and I960 monthly
averages. According to quarterly reports from Virginia, consumption in that State is AS
follows (thous. sh. tons': 1961—Jan.-Mar., 258; Apr.-June 311.
9 Includes data not shown separately.
fRevised effective with the Jan. 1962 SURVEY to include recovered sulfur.
SURVEY OF CURRENT BUSINESS
-26
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1960
1961
Monthly
average
Dec.
February
1961
Jan.
Feb.
Mar.
Apr.
May
1962
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total O
mil. k\v.-hr._
Electric utilities, total
.
do _ _ _
Byfuels
__
do.- _
By waterpower
.
do
Privately and municipally owned util
Other producers (publicly owned)
Industrial establishments, total
By fuels
Bv waterpower
_.
..
Sales to ultimate customers, total (EEI)
Commercial and industrial:
Small light and power
. . _
Laree light and power
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental
-
'70,135
' 62, 779
'50,653
12, 126
73,211 '73,133
65, 998 ' 66, 303
53, 348 * 55, 042
12, 650 11,261
73, 547
66, 559
55, 803
10, 756
65, 746
59, 263
49, 018
10, 245
71,742
64, 641
50, 765
13,876
68, 289
61,280
47, 440
13,840
71 , 032
63, 660
49, 647
14,013
72, 410
65, 191
51, 731
13,460
75, 223
68, 202
54, 702
13 500
78, 965
71,486
58, 378
13,108
74, 466
67, 297
55. 366
11,931
74, 471
66, 848
55, 373
11,475
74, 222
66, 669
54, 8%
11 863
78.419
70 878
57, 147
13 731
do
do
'51,294
'11,480
53, 624 'r 54, 255 54, 408
12. 374 12, 048 12,152
48, 462
10,801
52, 444
12,196
49, 395
11,886
51, 712
11,948
53, 233
11,958
55,016
13, 186
58, 069
13,417
54, 849
12, 449
54, 408
12. 441
54, 080
12, 590
57 407
13, 471
do
do
do
' 7, 356 7, 213
' 7, 055 6, 932
281
'301
r
6,987
6. 720
267
6, 484
(', 224
259
7.101
6.777
324
7, 009
6, 682
327
7,371
7,024
347
7,219
6.908
310
7,021
6 765
256
7,479
7,224
255
7, 169
6 946
223
7,623
7 377
246
7,552
7 285
267
7,541
7 246
?95
do
56, 767
57, 491 i 59, 436
58,101
58,177
57,212
57, 803
58, 903
59, 527
62, 790
62, 953
61, 125
60, 121
do
do
9,410
28, 270
9,327
27, 882
10.137
27, 387
9, 944
26, 856
10, 275
27, 709
10,129
27, 668
10,755
28. 593
11,403
29 332
12,122
28, 797
12, 909
30 318
12, 897
30 100
11,765
30 123
11 193
29 493
398
do
-do_ __ 15, 760
507
do
1,303
do
54
do
•162
17,001
613
1 , 420
56
457
445
19,430 18,839
623
560
1 . 325 1,386
77
72
418
17,740
568
1 , 345
2122
384
17,013
570
1,320
128
370
16,121
491
1,326
146
15, 827
471
1,372
139
341
16,313
478
1.329
146
360
17,202
482
1 , 368
152
356
17,498
553
1,396
153
368
16,730
605
1.395
140
385
16 844
646
1 431
130
981.0
966 8
968 7
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil $
6, 830
' 6, 572
' 258
955 2
975 0
2,374
2, 218
' 156
2. 1 65
2 024
140
1 01 0 9
997 6
»«
989 3 1 008 5 1 050 5 1 060 8 1 028 5 1 009 0
GAS
Manufactured and mixed gas (quarterly) :tc?
Customers end of quarter total 9
thous
Residential
deIndustrial and commercial
do
Sales to consumers total 9
Residential
Industrial and commercial
2,175
2 029
145
2,135
1 995
139
2,063
1 932
130
945
735
201
542
376
162
276
153
123
53.1
15 5
114.8
92.3
21 8
67 5
51.5
15 7
37.4
25.8
11 4
- -thous. - 30, 554
do _. 28, 087
' 2, 430
do
31,343
28, 778
2,525
31, 444
28, 858
2,550
31,274
28, 763
2,476
31,319
28, 841
2,442
' 22, 636
7 558
13, 907
22, 554
7 414
1 3, 876
30, 345
14 076
14 940
21,960
7 088
13, 788
16, 636
2,687
12, 957
1,362.4
750.3
570.0
2, 030. 6
1 289 4
694.7
1,328.7
725 9
566. 1
871.2
358.9
480.8
mil therms
do
do
Revenue from sales to consumers, total 9
Residential
Industrial and commercial
Natural gas (quarterly) :tcf
Customers, end of quarter, total 9
Residential
Industrial and commercial
Sales to consumers total 9
Residential
Industrial and commercial
mil $
do
do
mil. therms
do
do
' 567
403
' 161
74 4
57.2
10 9
Revenue from sales to consumers, total 9 -.mil. $_ 1,326.6
734.9
Residential
do
553.8
Industrial and commercial
do
a 544
386
° 156
a 68 8
........
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
7.78
Production
mil. bbl
7.32
Taxable withdrawals
do
Stocks, end of month
__
do 10.37
Distilled spirits (total) :
3 13. 25
Production §
mil. tax gal
Consumption, apparent, for beverage purposes
mil. wine eal
19.56
3 9.90
Taxable withdrawals!
mil. tax gal
Stocks end of month §
do
3835 02
3.10
Imports
mil. proof gal
Whisky:
12 41
Production
mil tax gal
6 84
Taxable withdrawals
do
806. 44
Stocks end of month
do
Imports
_
mil. proof gal
2.75
Rectified spirits and wines, production, total
mil. proof gal._
7.05
Whisky
do
5.39
Wines and distilling materials:
Effervescent wines:
.33
Production
mil. wine gaL.
Taxable withdrawals
do
.28
Stocks, end of month
__do
2.45
Imports
do
.08
Still wines:
13 83
Production
do
12. 44
Taxable withdrawals...
_ _ _ do
Stocks, end of month
_ _
__do
176.15
.82
Imports
do
Distilling materials produced at wineries. _ _ do
r
1
27.57
6.82
5.83
9.74
6.21
5.57
10.00
8.33
7.36
10.51
8.45
7.07
11.40
8.96
8.22
11.59
15.04
15. 41
15.08
16.14
14. 44
15.60
15.79
9.83
10.11
27.74
7.70
840 36
3.75
15.07
7.45
846 06
2.19
15.86
8.65
849 98
2.27
20. 24
9.97
853 80
2.91
18.33
9.34
*56 23
2.54
19.87
10.24
859 48
2.91
20.93
11.31
861.58
3.26
17.15
7.96
861 84
2.44
18.93
10. 03
859. 46
3.01
12.61
5 75
815. 50
3.33
13.10
5 56
821.30
1.90
12.89
6 50
825. 47
2.01
13.07
6 93
829. 42
2.54
11 57
6 38
832. 29
2.24
12. 35
6 78
835. 97
2.57
11.92
7 31
838. 41
2.90
7 26
5 09
839. 09
2.15
7.39
6 75
837. 52
2.64
5.74
4.17
5. 06
3.58
6.39
4.91
6.78
5.16
6.43
4.80
6.98
5.20
7.77
5.87
5.46
4.01
6.89
5. 10
7.55
5 83
10.48
8 21
8.74
6.71
.31
.43
2.16
.14
.43
.23
2.34
.06
.36
.16
2.51
.04
.37
.22
2.63
.06
.35
.22
2.75
.05
.33
.32
2.72
.08
.53
.28
2.92
.07
.16
. 16
2.91
05
.35
.26
2.95
06
.25
31
2.87
08
.26
47
2.61
13
.32
55
2.35
17
7.35
12. 99
208. 77
1.03
2.77
11.77
200. 88
.70
2.82
11.88
188. 57
.65
2. 56
15.28
177.23
.91
2 20
11.86
164. 93
.81
1.98
12.47
156.42
.93
1.93
13.41
140. 68
.93
5 00
12.93
123. 45
9?
50 26
13. 14
163 92
1 00
81 81
16.28
230 55
1 '?0
10 45
14.47
220 13
1 38
18.14
3,73
2.86
Revised.
Effective Jan. 1961, data formerly reported separately as rural have been assigned to
other2 appropriate classifications; prior to 1961, such data are included in total sales only.
Beginning Mar. 1961, data include sales not previously reported.
3 See note "§".
©Revisions for Jan.-Nov. 1960 are available upon request.
{Revised data for 1st and 2d quarters of 1960 appear on p. 23 of the Nov. 1961 SURVEY.
9.41
9.16
11.13
6.68
6.55
9.13
9.63
9.20
11.42
9.55
8.94
11.46
85
9.14
134. 10
78
7.33
6.99
10.37
6.52
6.60
9.87
13 12
19 25
19.53
18. 80
10 52
859 43
3.74
22.58
14 34
864 32
4.69
12.41
868 39
5.35
9 35
13 92
10 93
7 56
837 07 r 840 54
4. 12
3.30
15 73
9 39
844. 23
4.75
7.40
7.62
10.47
1.14
.91
.50
14.31 112.99 143. 95
1.79
35.56
cf The 1959 and 1960 averages shown for gas are quarterly averages.
9 Includes data not shown separately.
§Elfective July i960, data for production, withdrawals, and stocks of distilled spirits
exclude amounts classified as "spirits"; such amounts are included with ethyl alcohol (p.
S-25).
The averages shown are for July-Dec.
a
Revisions for 3d qtr. 1963 for indicated items (units as above): Total sales, 284; ind. and
comm. sales, 121: revenue from sales, 42.4.
1.29
SURVEY OF CURRENT BUSINESS
February 1962
1961
1960
Unless otherwise stated, statistics through 1960
and descriotive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
Monthly
average
Dec.
S-27
1961
Jan.
Feb.
Mar.
Apr.
May
June
1962
July
Aug.
Sept,
Oct.
Nov.
Dec.
94 1
238 4
110 4
230 7
109 6
223 7
125 5
225 0
611
611
Jan.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter, creamery:
Production (factory) f
Stocks, cold storage, end of month
Price, wholesale, 92-score (N.Y.)
Cheese:
Production (factory), total!
American, whole milk!
..
mil. Ib
do
$ per Ib
114.4
106.5
.599
124.5
181. 3
.612
108. 9
76.8
.619
121.6
75.7
.611
117 5
80 3
mil. Ib
do
123.2
83.0
135.7
95.2
119.6
76.2
122.0
82.8
114 0
76.7
139 8
94.7
147 9
106 0
429. 5
Stocks, cold storage, end of month, total
do
316.8
American, whole milk
do
379.1
277.3
Imports
_
do
5.3
Price, wholesale, American, single daisies (Chi.415
cago) _ _
_
$ per Ib
.414
Condensed and evaporated milk:
Production, case goods:!
Condensed (sweetened)
mil Ib
57
5.8
176. 6
Evaporated (unsweetened)
do
181.4
Stocks, manufacturers', case goods, end of mo.:
Condensed (sweetened)
mil Ib
5.5
6.0
Evaporated (unsweetened)
do
' 236. 0 244.3
Exports:
Condensed (sweetened)
.
do
3.5
Evaporated (unsweetened)
... do
8.4
Price, manufacturers' average selling:
6.34
6.30
Evaporated (unsweetened)..
$ per case
Fluid milk:
10,411
Production on farms
mil
Ib
10,
243
4, 278
Utilization in mfd. dairy productsd1--- - do
3, 968
4.24
4.21
Price, wholesale, U.S. average. _
$ per 100 Ib
Dry milk:
Production:!
6.9
Dry whole milk
..mil. Ib
8.2
Nonfat dry milk (human food)
do
167.5
151.5
Stocks, manufacturers', end of month:
6.8
Drv whole milk
__
do
6.4
132.9
Nonfat dry milk (human food)
do
121.5
Exports:
Dry whole milk
__„
do
2.3
Nonfat dry milk (human food)
-.do
16.6
Price, manufacturers' average selling, nonfat dry
.155
milk (human food)
$ per Ib
.137
GRAIN AND GRAIN PRODUCTS
77.5
Exports (barley, corn, oats, rye, wheat) -..mil. bu_-
332.6
292 0
7.4
327. 6
287. 0
7.3
332 4
293 5
6 8
341 1
302 3
56
.438
.434
412
4 8
139.6
6 0
141.3
6 5
221. 0
2.5
Barley:
Production (crop estimate)
1431.3
1
393. 4
r
* 311.1
Stocks (domestic), end of quarter, total
do
r3
On farms
do
166. 8
Off farms.. __ . _._
do
'3 144. 3
Exports, including malt§
do
7.8
Prices, wholesale (Minneapolis):
No. 2, malting
_.$ per bu._
1.14
1.06
No. 3, straight
_
_ .
do
3
3
3
291. 6
154. 0
137. 0
...
-do_.
Corn:
Production (crop estimate, grain only)- mil. bu
Grindings, wet process
do
13,908
12.8
Stocks (domestic), end of quarter, total
mil. bu_- 33 3, 090
On farms
_
do
1, 709
Off farms
. . .
do
31,381
Exports, including meal and
flour
do
18.5
Prices, wholesale:
No. 3, yellow (Chicago)
$ per bu__ '1.13
Weighted avg., 5 markets, all grades
do
'1.07
Oats:
Production (crop estimate)
Stocks (domestic), end of quarter, total
Off farms
Exports, including oatmeal
__
Price, wholesale, No. 3, white (Chicago)
mil. bu
do
do
do
$perbu__
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 month
__ mil. Ib
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers- . _ mil. Ib
Shipments from mills milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of month
mil lb_.
Exports
do
Price, wholesale, head, clean (N.O.)
$ per lb__
'1, 155
3
672
377
r
14.0
155 2
158. 7
612
130 0
249 8
6"<2
108 5
256 5
175 3
128.7
175 9
132 1
148 1
110 0
133 7
97 6
118 8
83 0
119 0
79 6
112 0
72 8
122 0
78 1
368 3
324 9
6 6
406 9
357 0
5 2
452 8
400 3
7 5
481 9
424 0
39
511 0
448 4
58
501 92
442
60
490 5
432 6
6 0
470 6
421 5
81
469 2
415 9
418
422
411
408
408
410
413
415
414
410
5 7
131.3
61
181.2
5 6
206.7
7 i
266.5
5 8
252.4
55
213 9
6 0
188 6
5 4
158 9
59
137 5
116 6
5 4
124 8
55
154.9
51
125 5
5 7
83 1
55
111 0
4 9
208 8
7 4
319 6
68
353 5
6 9
367 2
6 7
364 5
6 8
336 2
5 4
282 6
5 6
225 1
3.3
9.4
5 2
38
4 6
4 7
12 9
2 9
12 0
39
11 8
4 4
85
3 5
10 5
34
4 5
2 7
51
4 4
37
612
4.4
135 8
121.2
612
153 8
217.8
612
614
614
613
6.33
6.32
6 31
6 31
6 32
6 29
6 29
6 29
6 29
6 29
6 29
9 495
3 722
4.59
9 859
4, 025
4.45
9 381
3, 838
4 31
10 843
4,488
4 18
11 168
4,694
4 01
12 278
5,498
3 92
11 941
5 444
3 86
11 014
4 593
4 03
10 263
3 954
4 17
9 617
3 442
4 38
q 608
3 756
4 48
K
9
A
6 ^9
6 29
91 1
9 744
3 985
4 46
3 622
4 5P
T
7.8
7.0
133 9
149 6
6 6
148 3
6 8
179 5
6 4
194 8
84
230 5
7 Q
233 8
5 8
182 6
61
142 4
5 7
116 2
79
134 6
6 9
103.1
7 3
103. 1
61
109 0
58
104 9
58
127 2
6 7
156 0
10 7
157 2
8 3
176 4
66
152 1
5 7
132 5
55
126 8
116 0
7 5
1 3^ 4
165 0
6
7 4
113 8
A
.4
3.2
14
13.4
2
19.3
13
11.6
9
23.0
10.4
21.7
2 8
32 3
16
26 9
2 0
27 3
13
28 1
11
19 0
6
2°> 9
.140
,139
.139
. 143
. 155
.158
159
158
160
.159
161
160
86.2
76.9
94.4
109.2
89.1
96.3
76.7
80.0
78.4
81.4
99.6
104 1
r
246
r
3
205. 7
152 5
r 433 8
' 242 5
H 152 g
6.6
6.3
7 5
9
128 8
118 1
5 7
8 4
8 4
4 87 4
4 5
37
2 2
4 2
33
60
1.31
1.23
1.13
1.04
1.14
1 04
1.14
1 05
1.14
1 06
1.18
1 10
1.19
1 10
1.21
1 12
1.45
1 33
1.43
1 35
1.47
1 40
1.48
1 42
1.46
i 3, 624
13.1
11.0
12.2
11 9
13.4
12 0
13 4
13 8
12 7
14 6
13 4
14 1
1 o f-
17 2
1.14
1.10
3
3, 246
31,784
1, 462
3
1.11
1.06
r
r
r
4, 687
' 3, 047
1,641
28.6
19.6
1.02
.99
1.10
1.04
r 4 (55 4
19.0
3, 665
2, 085
1,580
30.1
24.7
23.9
'r 2, 816
1, 447
1 369
21 4
1.13
1.05
1.11
1.04
1.08
1.01
1.13
1.07
1.12
1.08
4
2,
r
23 4
008
* 580
1 428
24 5
23 8
32 3
1.12
1.08
1.10
1.06
1.09
1.06
1.10
1.09
4
1.1
1.0
28
23
7
28
1 i
16
Q
42
16
'5.71
5.67
.66
.65
.66
.60
.64
.68
.66
.72
.68
.68
.67
.71
154.6
153.6
100
60
110
71
123
99
130
77
97
71
101
76
50
63
76
K-I
88
114
129
78
191
100
95
100
104
'558
484
74
'972
'859
113
' 325
'4268
4 57
r
23 624
11 9
1.08
1.08
1.08
1.04
774
694
80
(6)
.70
2 53 Q
fiQ
7fl
fift
126
133
126
119
87
85
77
83
97
80
IOC
338
231
271
344
148
oc;7
126
112
78
53
46
126
24
158
769
156
102
154
1,565
240
845
163
.081
1,322
250
.081
1,176
245
.083
252
96
(6)
258
57
.085
620
51
.084
1,411
98
.089
5 . 086
1.47
1 42
2 i 013
4
81
2.9
1.43
1 37
4,494
3 022
1 472
'852
766
85
3
163
333 1
179 4
153 7
r 191 4
i 1,013
3657
r 4 3Q
2 393 4
r
358
r
1,029
843
616
455
385
.083
.084
.085
.085
.087
20. 2
1.15
""(«)""
99fi
1 ?\A
Rye:
Production (crop estimate)
mil. bu
133.1
i 27. 3
3
Stocks (domestic), end of quarter, total
do
321.4
20. 7
'25.9
5
Price, wholesale, No. 2 (Minneapolis) _ _ _ $ per bu_.
1.13
1.20
1.09 ~Tio~ ~Tl2~
r
Revised.
p Preliminary.
1
2
3
Crop estimate for the year.
Dec. 1 estimate of the 1961 crop.
Quarterly average.
4
Old crop only; new crop not reported until beginning of new crop year (July for barley,
oats, rye, and wheat; Oct. for corn).
6 Average based on months for which quotations are
available.
« No quotation.
132 3
98.0
611
r
* 14. 2
'29.7
1.12 "l.~22~ "l.~21~
1.24 " 1.30
!Revisions for 1960 appear in the Oct. 1961 SURVEY.
cf Revisions for Jan. 1955-July 1960 are available upon request.
§Exr:ludes a small amount of pearl barley.
9 Bags of 100 Ib.
"l.~13~
169
78
486
253
' 1, 485
139
.090 p . 093
"I.~32~
18.8
1.31
" 1.3l"
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
GRAIN AND GRAIN
•
T]
.':
'
4-
1961
Monthly
average
1961
1960
Dee.
Jan.
i
Mar. | Apr.
Feb.
June
May
1962
July j Aug.
Sept.
\
'.
Oct.
i
FOOD AND KINDRED PRODUCTS; TOBACCO— Continued
1i
i
PRODUCTS— Con.
Wheat:
<?
I960
Februarv
C
\V" t
"hp-it ~
TV V- h V
(
f ~ T ~ V ~f ~ ~H
'"
A
do
d
1 1 357
1 047
1
1,111
r 3 293
Stocks (domestic), end of quarter, total
On farms
do
do
31,822
3318
3 1, 504
Exports, total, including
do
48.0
42.0
flour
1 235
i 158
1, 076
3 326
1,856
3 305
1, 551
Xov. 1 Doc.
i
I
|
2
332
1,235
2
158
1,076
312
2 316
'466
1 , 850
1 989
359
1,631
2
r
r
280
r
2, 068
M22
1,646
49.8
41.0
1, 707
^258
1 449
r
U.412
....
4
1, 275
64.4
57.1
70.3
61.3
54.0
48.9
59.7
52.7
49.2
45.4
57.4
50.6
52.1
46. 1
48.1
44.5
70.2
64. 8
63.2
58.1
2.15
2.05
2.13
2.12
2.15
2.02
2.11
2.13
2. 17
2.00
(6)
2.16
2.22
1.96
1.78
2.18
2.27
1.92
1.90
2.21
2.34
1.98
1.87
2.11
2.30
2.04
1.97
2.34
2.38
2.07
1.94
2.41
2.40
2.08
1.87
2.36
2.42
2.12
2.40
2.45
2.14
(6)
2.42
21,288
98.4
393
48, 251
22. 722
91.0
418
51.499
18, 744 '20,779
87.0
86.1
386
346
42, 492 ••47, 199
20, 381
85.1
380
46, 276
20, 782
91.0
390
47, 310
23,810
94.7
451
54,454
21,112
96.5
398
48,118
23, 063
95.8
431
52, 480
22, 933
99.8
430
52, 250
22, 008
100.5
413
50. 094
3,200
r 4 906
3,918
2,219
3,030
4, 199
1,645
2,954
2,628
4, 751
1, 536
2,344
2, 176
5.315
5.050
5.335
5.033
5. 433
5.050
5.473
5.033
5.570
5,050
5. 598
5.217
5.625
5.334
5.660
5.333
5.665
5.317
49.7
44.8
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.14
2.15
2.21
2.28
$ per bu__
2.02
2.02
2.04
2.04
No 2, hard winter (Kansas City)
do
51.95 5 1.97
2.14
2.07
No 2. red winter (St Louis)
do
2.25
2.14
2.14
2.17
Weighted &vg , 6 markets, all grades
do
Wheat flour:
Production:
Flour
thous. sacks (100 lb.)_. 21,262 21, 692 21,800 22, 678
92.4
95.9
99.4
93.8
Operations, percent of capacity
_
406
422
402
405
Offal
thous. sh tons..
Orindings of wheat
thous bu
48. 560 49, 330 49, 584 51. 542
Stocks held by mills, end of quarter
4,709
thous. sacks (100 lb.)._ 3 4, 443 4,707
2,127
3, 818
Exports
do
2 613
Prices, wholesale:
Spring, standard patents (Minneapolis)
5. 328
5.280
5.520
$per lOOlb.. 5. 322
5. 050
5.017
5. 166
4. 992
Winter, hard, 95% patents (Kans. City).. do
r
296
3f>5
r
Tan.
r
(6)
2, 46
2.09
L99
2.37
4,972
r
5, 650 P 5. 639
' 5, 300 •* 5. 264
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
thous. animals..
Cattle
do
Receipts principal markets
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
$ per 100 Ib
Steers, stocker and feeder (Kansas City) do
Calves, vealers (Natl. Stockyards, I l l . ) _ _ _ d o . - - Hogs:
Slaughter (federally inspected).. .thous. animals..
Receipts principal markets
do
Prices:
Wholesale, average, all grades (Chicago)
$per 1001b._
Hog-corn price ratio (bu. of corn equal in value
to 100 Ib live hog)
Sheep and lambs:
Slaughter (federally inspected). ..thous. animalsReceipts, principal markets
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago; _
.$ per 100 Ib
Lambs, feeder, good and choice (Omaha)-do-..
427
1,632
1, 826
476
385
1.435
1,397
311
457
1,627
1,629
402
378
1.502
1. 541
371
381
1, 754
1. 751
339
364
1,785
1,560
274
341
1,628
1, 573
249
42.
1,803
1.847
465
456
1,712
1,864
720
511
1,817
2,571
1,300
469
1,683
1.939
983
416
1, 589
528
451
1, 576
1.634
541
24.46
23.20
30.17
26. 61
23. 61
30.00
27.02
24.29
33. 50
25. 84
23. 70
36. 50
25. 32
24. 50
32. 50
24.73
24.38
30.00
23. 09
23.06
28. 50
22.30
21.81
26.00
22. 23
21.70
25.50
24.01
22.94
28.00
24.21
22.61
28.50
24.46
22.97
30.50
25. 44
23.03
30. 50
25.84
23. 06
P 32. 01
5, 513
2 577
5,469
5, 753
2, 615
5, 744
2, 586
5.078
2,234
6,110
2, 530
5,048
2,248
5. 597
2,569
5,093
2,363
4. 320
2.056
5, 114
2.308
5, 240
2.294
6,223
2,759
6, 327
2.804
5. 738
15. 50
16.78
16. 68
16.82
17.74
17.26
16.90
16.19
15.91
1 6. 00
17.19
17.69
16.79
15.94
16. 32
15.3
16.6
18.1
17.1
17.6
16.9
17.5
15.7
15.2
16.5
16.8
16.1
16.7
.7.0
1,170
1. 253
1.044
291 ""253"
1, 114
889
184
1.300
1.003
177
1,117
835
128
1.311
938
119
1,247
988
157
1. 358
1. 152
212
1,252
864
142
800
192
1,290
1.052
367
1. 286
1,368
630
1, 412
1,585
557
1, 124
1,213
1.102
224 '""127
19. 26
18.26
17. 07
14.99
1 6. 50
15.78
17.25
16. 59
17. 25
16,96
16 50
16.65
15. 25
15. 75
18.75
14.04
19. 25
14. 95
17.75
14.44
U. 01
16. 62
14.66
16.25
14.20
16.00
13.95
16. 25
13.72
2 066
2, 115
2, 100
2.154
1,879
2. 211
1.917
2, 245
2,173
1.898
2,117
2, ((63
2,314
2, 269
2, 118
525
87
63
161
423
89
51
444
75
59
470
74
50
529
58
80
523
79
63
496
78
93
444
94
92
392
65
105
381
62
80
397
93
89
438
1,616
1 845
506
417
1,664
25.93
22.93
28. 50
;;;
447
16. 66
17. 4
16. 8X
MEATS
Total meats:
Production (carcass weight, leaf lard in ), inspected
slaughter
mil Ih
Stocks (excluding lard), cold storage, end of
month
mil Ib
Exports (including lard)
do
Imports (excluding lard)
do
Beef and veal:
977. 2 1,035.0
1,005.4 1, 051. 0
Production, inspected slaughter
do
168. 2
183. 5
Stocks, cold storage, end of month
do
173.4
175. 2
3.0
2.6
E xports
do
2.4
34.5
28.6
Imports.
_ _
do
40.9
Price, wholesale, beef, fresh, steer carcasses, choice
.476
.459
(600-700 Ibs.) (New York)
$ per Ib
.451
.427
Lamb and mutton:
65. 0
54.1
Production, inspected slaughter
mil. Ih..
55.6
59.5
12.3
12.4
Stocks, cold storage, end of month _
do
12.2
19.9
Pork (including lard), production, inspected slaugh1.053.9
ter
mil Ib 1,005.3 1, 005. 0 1.069.2
Pork (excluding lard):
804. 3
816.2
Production, inspected slaughter
.
do. .. 762. 4
763.1
200. 4
170.2
Stocks, cold storage, end of month
..do
271.1
204.1
7.3
6.6
Exports
do
5.8
14.6
13.4
14.3
Imports
do
Prices, wholesale:
.491
.526
.472
Hams, smoked, composite
_. _ $ p e r l b _ .471
.489
.490
.471
Fresh loins, 8-12 Ib. average (New York) do- . .479
Lard :
184.4
182.8
Production, inspected slaughter
mil. lb.. 177.3 176.5
114.3
93.5
119. 1 120.7
Stocks, dry and cold storage, end of mo
do
ci 7
49.4
.131
40.5
.135
.125
Price, wholesale, refined (Chicago"*
..$ per ib.
.I§3
r
Revised.
p
Preliminary.
1
3
Crop estimate for the year.
2 Dec, 1 estimate of 1961 crop.
Quarterly average.
1
488
486
114 1
97
908. 9 1.042.4 j 953. 5 1,120.3 1,132.9 1.032.3 1,130.0 1, 072. 1 1. 136. 1 1 , 049. 3 i 999. 3
2J2. 2 \ 209. 8
175.5
182. 7
16S. 7
164.4
165.9
178.8
166.4
153.4
157. 0
1.9
2.4
2.6 !
2.4
2.8
2.5
2.6
2.6
2.8
2.4 1
69. 9
63.2
67.3
83.9
41.6
57. 7
67.6
42.6 1 53. 5
31.0
i
.419
.428 | .44!
.391
.410
.410
.415
.400
.434
.458
.444
!
51.8
64.2
56. 9
65.5
50. 6
57.7
57.4
57.6
66. 9 ! 63.0
57.1
17.6
19.7
18.4
24.3
24.8
23.0
21.0
26.0
22.0
17.6 j
11.8
913. 4 1,101.4
930. 0 1,059.1
981.2
814. 8
929. 6
933. 3 1,113.7 1,162.4 1, 067. 3
696. 2
235. 6
6.7
12.7
840. 2
243. 7
4.6
17.6
701.3
269. 8
4.9
12.6
793.1
268. 6
3.9
12.2
729.1
239. 8
6.4
14.4
612. 6
189.1
6.0
14.0
710.7
5.2
13.2
713.7
128. 3
5.8
13.3
.487
.490
.486
.457
.459
.456
.456
.456
.440
.470
.450
.514
.466
.488
.464
,497
191.5
141.2
33.9
.158
166.7
153. 1
26.1
.143
193. 5
149.1
41.0
.138
184.1
149. 6
31.9
.121
148. 5
126. 9
49.0
.125
159. 0
114.1
22.1
.125
160.1
99.5
21.8
.130
158.9
112.4
40.0
.158
' 139.
0
890.0
193.0
6.5
16.8
815.8
205. 8
.462
. 506
.483
.467
P .504
.452
191.7
90.4
34.4
.123 i
197.5
89.3 1
64.5
.124
183.8
108. 1
850.7
136.4
5.6
16.6
. 450
.484
t p . iis
* Old crop only; new grain not reported until beginning of new crop3 year (July for wheat)
s Average based on months for which quotations are available.
No quotation,
SURVEY OF CURRENT BUSINESS
February 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
1960
Dec.
S-29
19G2
1961
Jan .
Feb.
Mar.
Apr.
May
J une
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)}. . __mil. lb._
Stocks, cold storage (frozen), end of month
do.-..
Turkeys
do
Price, in Georgia producing area, live broilers
$ per lb._
512
604
518
477
378
460
491
602
632
629
725
734
860
736
523
249
135
321
192
301
160
298
169
268
152
229
126
206
108
188
94
209
106
244
128
318
189
416
270
550
382
489
318
435
9
66
.162
. 135
.148
.155
.170
.163
.148
.135
120
.118
123
110
.113
.114
. 147
14 2
14.2
14 0
14 3
13 5
15 7
15 3
15 4
14 9
13 9
13 5
13 0
13 6
13 6
14 3
474
111
162
80
76
64
80
54
49
49
49
54
78
67
238
92
365
113
314
113
280
108
225
100
145
86
83
70
37
61
.372
.360
.447
370
387
353
325
308
326
347
366
399
.410
.375
. 350
20 5
.286
.227
21 5
.255
33 3
.228
31 0
.226
32 5
.205
39 3
,229
39 8
.230
43 2
.215
48 4
.223
30 5
.213
16 6
.215
10 3
.226
6 2
.245
.265
Coffee (green):
Inventories (roasters', importers', dealers'), end
of quarter
thous. bagsd71-- iSJOS
Roastings (green weight), quarterly total do
i 5, 474
i 3, 034
1
3, 573
3, 204
5, 774
^'Rgs:
Production on farms
mil casesO
Stocks, cold storage, end of month:
Shell
thous cases O
Frozen
mil. lb._
Price, wholesale, extras, large (delivered; Chicago)
$ per doz._
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl shells)
thous Ig tons
Price, wholesale, Accra (New York)
$ per lb_.
Imports
_ _ - - _ _
_
do
From Brazil
do
Price, wholesale, Santos, No. 4 (New York)
$ per lb__
Confectionery manufacturers' sales
..mil. $__
Fish:
Stocks, cold storage, end of month
mil. lb._
Sugar:
Cuban stocks, raw, end of month
thous. Spanish tons..
United States:
Deliveries and supply (raw basis):
Production and receipts:
Production
thous sh tons
Entries from off-shore total 9
do
Hawaii and Puerto Rico ._
do
Deliveries total
do
For domestic consumption
do
For export and livestock feed . _do
Stocks, raw and refined, end of month- do
Export^
-i
sh tons
Imports'
Raw sugar, total 9
... thous. sh. tons.
From Philippine Islands
do
Refined stmar, total ...
.do
Prices (New York):
Raw, wholesale
Refined:
Retail §
Wholesale (excl. excise tax)
Tea imports
- -
.$ per Ib. .
1,839
1,951
1,717
730
621
.366
108
.368
106
.369
106
64?
1 771
1 712
2 048
1 632
1 776
1 864
776
8P9
1 934
797
.378
103
.373
87
.375
88
,378
80
.375
65
.365
90
.353
138
.340
141
2 234
841
749
519
669
481
.341
109
207
207
198
3,225
2,725
1,245
1,262
93
318
242
105
203
""83
697
114
82
903
135
53
120
60
876
866
10
1 003
1 , 559
591
1,387
608
1,131
5Q2
917
911
6
885
1 124
191
184
230
204
172
157
150
158
170
189
199
204
2,640
3.142
1,335
1,415
2,325
4,280
4,215
4,430
4,365
4,490
3,725
?56
463
145
281
168
768
82
41
289
362
83
51
173
118
48
125
140
88
739
308
55
474
332
44
296
215
45
310
209
791
717
4
2.327
630
626
4
651
646
5
2.209
765
758
6
686
681
5
969
962
7
831
892
9
352
2,124
389
2,012
457
1 , 785
375
778
779
6
1 . 750 P 1.712
401
553
.087
thous. lb__
9.598
992
11
r
. 345
799
815
790
805
9
9
1,261 ' 1, 708 P 2. 146
566
356
276
2. 337
262
276
35
6
218
57
7
337
104
8
471
16^
21
217
117
12
330
141
20
327
120
15
430
138
19
389
145
31
316
95
6
358
97
16
325
4
. 063
.064
.064
.063
.062
.062
.065
.065
.064
.060
.061
.062
. 062
. 064
.087
589
,088
573
.088
573
.088
574
.088
573
.087
573
.087
574
.088
580
.087
573
.087
561
.086
567
.084
555
.084
v . 086
9.710
8, 993
7,734
10 630
8 997
9 331
7, 699
8 830
8 914
8 136
10, 644
10 769
220 6
203 6
233 4
235 5
213 6
112 8
119 3
121 5
187 9
355
88
36
. 003
1,608
577
.341
132
.363
104
T
2,815
5. 882
3 211
5,163
3 145
5 321
.369
100
$ per 5 Ib
..$ per l b _ _
Baking or frying fats (incl. shortening):
Production
mil. Ib
Stocks (producers' and warehouse), end of month
mil Ib
•salad or cooking oils:
Production
do
Stocks (producers' and warehouse), end of month
mil Ib
vlargarine:
Production
do
Stocks (producers' and warehouse), end of month
mil. lb_*rice, wholesale (colored: mfr. to wholesaler or
large retailer: delivered) . . _
$ per lb. -
1,828
770
2 965
5, 928
. 225
19-2 7
203.8
186 9
199 1
209 9
211 8
188 6
205 8
185 9
138 0
115 2
116.8
120 3
106 1
101 1
119 0
132 7
139 1
128 1
102 6
107 3
111 4
147 4
173.2
156 1
172 4
159 4
184 5
162 4
183 8
170 4
171 8
173 3
161 5
172 3
179 0
51 4
153. 9
57 1
73.2
110.6
157 8
181 9
190 7
153 7
174 2
142 7
137 6
152. 0
173.6
198. 5
141.3
143. 6
158. 3
175. 3
155. 9
139.2
128. 8
138.7
132.9
123. 5
130 5
146.8
157. 3
147. 0
147.8
35.4
38.3
32.6
35.3
35.9
42.8
34.5
40.5
45.4
36.6
35.6
39.4
40.2
40.6
32.8
.268
.245
.247
.257
.267
.267
.275
.275
.275
.270
. 270
. 270
.270
p . 270
27.2
24 7
30.0
26. 1
34.9
33.8
35.5
29 5
34.8
29 3
41.3
30 6
37.0
30 6
31.5
27 2
39.6
38 7
34.7
33 5
36.0
33 3
40.0
37 6
35.5
26. 1
. 064
FATS, OILS, AND RELATED PRODUCTS
mimal and fish fats: A
Tallov , edible:
35.9
Production (quantities rendered)
.mil. lb_ 27.7
31.4
Consumption in end products
do - 24.6
Stocks Cfactory and warehouse), end of month
mil. lb. 25.2
26.8
Tallow and grease (except wool), inedible:
292, 1
Production (quantities rendered).
...do
252. 1
Consumption in end products
.
-do . _ _ 151.6
144. 8
Stocks C factory and warehouse), end of month
mil. lb.. 319.3
364, 8
Fish and marine mammal oils:
Production
do
16.5
20.8
8.4
9. 3
Consumption in end products
- .
do
Stocks (factory and warehouse^, end of month
93.4
123.2
mil. lb..
- Revised.
- Preliminary.
- Quarterly average.
^Revisions for Jan.-Aug. 1960 are shown in the Oct. 1961 SURVEY.
26.4
24.9
24.2
26.3
25.5
31.2
31.0
33.5
29.7
25.2
23.9
20,9
24.7
251.8
147.0
261. 1
141.9
249. 9
]36. 6
290. 5
150.6
275. 4
145.8
308.8
150 J
310.4
155 4
280. 5
106 0
318.4
152 2
290.3
146 5
306. 3
149. 0
319.7
155 6
293. 9
147 5
304.8
338.4
347.1
348.5
333. 7
349.8
329. 1
371.0
374.6
383.1
395.2
399.7
407. 5
7 8
8,5
5
9.3
.3
8.4
5
9.4
33
9.7
32 8
10.9
47 2
11 3
56 6
10 0
49 1
89
24 2
82
14 3
8.3
84.3
84.2
85.6
73.3
71.8
92.3
108. 9
155.7
161.4
179.7
176.4
r
r
10 2
r
87
10 4
159. 0
130. 5
.8 1
©Cases of 30 dozen.
cf Bags of 132.276 lb.
9 Includes data not shown separately. § Price for New York and Northeastern Xew
Jersey.
AFor data on lard, see p. S-28.
SURVEY OF CURRENT BUSINESS
S-30
1961
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
Monthly
average
1960
Dec.
February 1062
1961
Jan.
Feb.
1962
!
Mar.
Apr.
May
June
July
Aug. j Sept.
Nov.
Oct.
Dec.
FOOD AND KINDRED PRODUCTS; TOBACCO- Continued
FATS, OILS, AND RELATED
PRODUCTS—Continued
Vegetable oils and related products:
Vegetable oils (total crude and refined):
142.4
Exports
mil. lb
43 9
Imports
do
Coconut oil:
Production:
41.3
Crude
do
33 3
Refined
do
Consumption in end products
do
49.8
Stocks, crude and refined (factory and warehouse), end of month
. ._
mil. lb . 1321.9
13. 0
Imports
do
Corn oil:
Production :
27 5
Crude
do
Refined
do
25.7
26.3
Consumption in end products
_ ._ . do _
Stocks, crude and refined (factory and ware35. 2
house) end of month
_
mil lb
Cottonseed cake and meal:
Production
thous sh tons
Stocks (at oil mills), end of month
- do
Cottonseed oil:
Production:
Crude
mil lb
Refined
do
Consumption in end products
.
doStocks, crude and refined (factory and warehouse) ,
end of month
*
mil lb
Price, wholesale (drums; N.Y.)
_
$ per lb
129. 9
38.7
86. 8
46. 5
49.4
41 0
149. 1
36 2
45 4
121.0
30 5
84.4
56 2
99 7
48 8
56 4
50 9
107 0
61 3
78 0
41. 6
38 6
53.6
46.2
30.0
42.6
50. 6
31.4
45. 3
37.2
29.9
43.8
33.7
35 2
51.4
29.7
37 9
54.0
43.9
43 9
62 6
38.0
45 2
60 9
45 9
38 7
50 9
47 0
47 2
63 2
44 8
37 5
51 1
45 7
43 0
58 9
43 2
38 6
50 7
3M 1
34 7
50 8
313.6
338. 6
16.3
357. 9
13.8
340. 3
12. 5
339. 8
6. 6
316.6
6,7
306. 4
11.4
289.0
5.2
295. 7
17.4
294.3
300.8
295. 3
22 2
308. 1
20 6
319.3
28.0
26. 8
26. 4
24.2
24.3
25. 3
9
56
27. 9
24.9
24. 6
24.5
25. 2
27 1
26. 5
26. 8
28. 1
26. 3
24.8
29.5
253
25.7
30.0
25.8
25.4
26 9
24 1
24. 7
30 7
31 5
31 1
29 1
99 o
30.5
°8 •>
°6 5
31. 5
9
83
26 5
23.1
27 7
27 8
22 7
34. C)
33.2
32.8
32. 7
36.4
36.5
42.9
40. 5
40. 5
35 1
33 2
25 3
28.3
30 7
205. 2
168. 4
287. 5
197.8
309. 8
247. 4
239. 6
224. 9
272. 0
189.3
270. 5
138.1
245. 5
85. 0
196. 9
66 6
142 6
68 6
89 4
149 6
73 3
341 2
96 7
r
172. 4
347 5
85.8
294 9
151 4
121 4
102.1
150 2
125. 5
110.4
205 8
159.4
113.7
223. 8
172.9
119.7
179. 0
149. 0
118.6
163 5
166 9
128.6
137.7
138. 2
107.8
100 8
118.6
108. 6
60 4
80.0
102.5
48 1
55 9
86. 5
48 9
47 8
105 4
109 4
63 2
90.3
256 0
161 1
117.3
" 259 7
183. 5
124.6
215 6
168 9
114 8
384.4
334. 5
*. 186
425.8
. 151
.159
433. 5
. 170
463. 4
.180
447. 6
.184
432. 6
.194
379. 1
. 201
313.1
.184
249. 8
. 195
182. 8
.191
170.4
. 194
245. 0
. 179
319.9
. 179
376 3
p. 183
30.6
30.0
35. 5
31.8
26. 1
25.5
33. 3
26.4
30.8
27.3
31.4
32.6
36. 4
35.2
41.7
35.3
34.8
38.0
33 7
37.5
,7,
35. 7
40 7
33 0
34 0
30.1
39.5
25.8
32 1
24.8
110.8
.131
103.0
p. 142
96. 9
. 125
104.3
. 126
106. 7
.130
105. 1
.131
103.2
. 131
104.3
.131
94.3
. 137
90. 6
.158
87. 4
.153
96 8
.149
98.3
. 152
117.0
. 152
128.4
P. 152
762 6
104.3
777 1
147. 1
883 7
102. 3
891.6
130.0
796. 5
163. 6
801 7
178.4
758 9
216. 3
781 1
212. 5
734 7
195. 3
716 8
201.6
692. 4
171.1
529 7
7l'9
838 7
62.4
888 0
62. 9
895 4
99 3
366. 0
281 7
276. 1
369. 6
297. 6
286. 5
414. 2
295. 1
283. 6
418.7
326. 0
310.9
377. 6
298. 5
280. 8
381. 1
319. 5
296. 1
291.2
261.8
313.3
289. 5
377.0
352.8
270.2
266.5
345. 1
230 3
333.9
253.3
396.9
417. 7
319.2
237.8
280.3
300.2
417.9
332 1
312.4
467. 5
.129
703. 7
P. 157
466. 4
.143
517.4
. 153
537.2
624.7
675.8
710.0
. 169
761.9
.156
773.2
765. 6
.153
791.0
' .146
872. 5
P. 151
207.8
Linseed oil:
Production crude (raw)
mil lb
Consumption in end products
.. . _ _ do
Stocks, crude and refined (factory and warehouse),
end of month
*
mil lb
Price, wholesale (Minneapolis)
$ per lb._
Soybean cake and ineal:t
Production
thous sh tons
Stocks (at oil mills) end of month
do
Soy 1)0 an oil:
Production:
Crude
mil. lb
Refined
do
Consumption in end products
- do
Stocks, crude and refined (factory and warehouse),
end of month
mil lb
Price, wholesale (refined; N.Y.)
. .$ per lb
TOBACCO
Leaf:
Production (crop estimate)
mil lb
Stocks dealers' and manufacturers', end of quarter total
mil 11)
Exports incl scrap and stems
thous lb
Imports incl scrap and stems
do
Manufactured:
Production total
do
Consumption (withdrawals):
Cigarettes (small):
Tax-free
millions
Tax-paid
do
Cigars (large) tax-paid
do
Manufactured tobacco and snuff, tax-paid
thous lb
Exports, cigarettes
millions
156. 0
48. 1
2
4
1 944
2
2, 023
4 573
4
4, 580
.173
.174
.151
291 9
12 1
292.5
294 6
309. 2
677. 2
.148
738.0
284 0
. 149
13 302
22, 423
14 162
14 442
12 380
14 456
4,270
36,615
15,931
4,537
81.762
13,071
90,316
69, 484
14. 048
14,629
11 326
16 391
15 015
16, 098
13, 909
15,061
4 671
28, 740
13 231
14 048
25,110
23, 647
15 484
14,649
28, 087
12, 452
13,053
15 916
14 076
15 707
15 853
9
3 173
24, 674
27, 283
39,178
543
2 997
33, 793
365
38,916
475
2 854
37, 447
441
3 64
42, 354
523
37,151
482
3 459
44, 353
602
3 685
44, 036
536
2 819
35, 922
533
3 598
47. 166
593
3 100
39, 584
549
3 732
45, 361
605
3 342
42. 568
666
14 148
1,686
I1? 372
1,967
13 991
1,733
1? 626
1,606
15 554
1,921
13 660
1,886
15 556
1,926
15 339
1,862
12 047
1,913
15 889
1,644
14 379
1.970
15 010
1.872
13.905
3 083
SI 5
3
4 784
44, 574
12 597
41,264
. 164
362.9
15 6
59 X
3 083
2, 023
4,844
1,987
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value total 9
thous $
Calf and kip skins
thous skins
Cattle hides
thous hides
Imports:
Value, tota!9
thous. $__
Sheep and lamb skins
thous. pieces..
Goat and kid skins
do
Prices, wholesale (f.o.b. shipping point) :
Calfskins, packer, heavy, 9^/15 lb
$ per lb..
Hides, steer, heavy, native over 53 lb
do
6 367
177
574
7,106
253
692
7,849
233
740
6,496
279
605
9, 288
390
837
6,456
256
523
6,350
172
569
6,041
179
537
7,537
193
699
7,335
169
633
6,406
190
488
7.194
139
594
7,357
201
611
5,886
2,308
1,605
3,936
980
1,126
4,423
1,775
1,246
3,407
804
849
7,304
5,127
1,338
5,860
3,384
1,171
5,832
2,648
1,341
6,238
2,756
1.736
6,682
3,182
1,465
4,396
1,659
1,277
5,576
2,545
1,081
5,139
1,923
1,115
4. 654
1.126
1,109
.575
.128
.575
.118
.575
.113
.625
.143
.625
.143
.650
.148
.600
.143
.625
.159
.650
.178
.650
.178
.675
.163
.650
.163
562
1,820
1,344
2,354
561
1,789
1,071
2,442
528
1,976
1,264
2,567
496
1,870
1,175
2,473
556
1,956
1,420
3,008
589
1,974
1,462
2,850
341
1,534
1,030
2,209
567
2,075
1,048
3,161
581
492
558
1,856 ' 2, 016 1.962
1,264
1,111
1.268
2,635 2,835
2.954
3,738
4,274
4,993
4,351
6,892
5.611
5,158
4,292
6,017
4,258
5,504
4,336
5,040
4,241
5,388
4,007
5, 599
4,270
.683
.690
.697
.697
.700
.735
.561
.139
p . 631
P . 150
LEATHER
Production:
Calf and whole kip
thous skins
593
528
Cattle hide and side kip.._thous. hides and kips_. 1,831
1,815
Goat and kid.. _
thous. skins.
1,183
1,570
Sheep and lamb
do
2,540
2,367
Exports:
Glove and garment leather
thous sq ft
4,403
2 879
Upper and lining leather
do
3,449
3, 875
Prices, wholesale:
Sole, bends, light, f.o.b. tannery
$ per lb,.
.703 p .707
.673
Upper, chrome calf, B and C grades, f.o.b. tannery
$ per sq ft
1.319 p 1. 401 1.353
r
Revised.
p Preliminary.
1
2
Average based on 9 months (Apr.-Dec.).
(>op esti nate for the year.
3
4
Dec. 1 estimate of 1961 crop.
Quarterly ave rage.
.677
.673
1.373
1.387
1.443
1.443 1.363
1.400
1.417
1.390
IDa ta forme ^ly show a in mil. lb.
9 In eludes d at a for it ems not shown se parately
.740
1.398
6,174
4,430
4, 761
3,744
.740
.733
P. 675
p. 148
P. 720
1.412 ' 1. 387 p 1.398
Jan.
SURVEY OF CURRENT BUSINESS
February 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
S-31
1951
1960
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
1962
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:
Production, total
thous pairs
49 870
Shoes, sandals, and play shoes, except athletic
thous. pairs ._ 42, 589
Slippers for house wear
. d o _ _ . 6,216
\thletic
do
584
Other footwear _._
__
_ do -..
482
Exports
do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
1947-49=100
Women's oxfords, elk side upper, Goodyear
welt
1947-49=100Women's pumps low-medium quality do
49 982
43 023
50 659
50 305
57 561
47 021
48 670
50 088
42 157
57 146
47 646
51 842
49 966
46 729
42, 877
6,131
501
474
37, 956
3,949
530
588
46, 809
3, 115
439
296
46, 241
3,328
432
304
51, 597
4,915
573
476
41, 244
4,795
524
458
42, 211
5 490
528
441
42, 554
6,235
695
604
36, 778
4 682
302
395
47, 612
8 483
468
583
38, 124
8,526
444
552
41,059
9,696
502
585
39, 803
9,142
548
473
40, 488
5,165
553
523
134
129
191
252
179
135
169
139
202
184
210
198
199
134.7
p 133. 5
133 5
133.5
133.5
133.5
133 5
133 5
133 5
133 5
133 5
133 5
133.5
133 5
146.7
133.7
P 146. 9
*>134 8
146.7
133 7
146.7
134.8
146.7
134 8
146.7
134 4
146.7
134 4
146.7
134 4
146.7
134 4
146 7
134 4
147 1
134 4
147. 1
134 4
147.1
135 1
147.1 P 147. 1
135 8 »135 9
v 133. 5
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES
National Lumber Manufacturers Association:
Production, total!
mil bd ft
Hardwoods
_
_
do __
Softwoods
do
2,874
513
2,361
2 641
385
2 257
2 229
431
1 798
2 255
400
1 855
2,302
421
1,881
2 688
404
2,284
2 585
330
2 255
2 984
381
2 603
2 864
388
2 476
2 476
381
2 095
3 047
377
2 670
2 829
398
2 431
2 842
424
2 418
2 617
398
2 219
2 205
313
1,892
do
do
do
2,803
505
2,298
2,666
415
2,251
2,320
424
1,896
2,262
410
1 852
2,257
428
1,829
2,844
452
2,392
2 766
384
2 382
3 036
404
2 632
2 905
407
2 498
2 563
404
2 159
3 010
423
2 587
^ 784
438
2 346
2 814
421
2 393
2,497
405
2, 09'^
2,259
404
1,855
Stocks (gross), mill, end of month, total J do
Hardwoods
-_. _
. _ _ do
Softwoods
do
7,880
1,916
5,964
7,912
1,897
6,015
8 207
2,073
6 134
8 201
2,063
6 138
8,246
2,056
6,190
8,089
2,008
6, 081
7,909
1,954
5 955
7 858
1,931
5 927
7 817
1,912
5 905
7 731
1,889
5 842
7 766
1,841
5 925
7 810
1.801
6 009
7 809
1,804
6 005
7,883
1, 797
6,086
7,828
1, 706
6, 122
69
258
50
256
53
262
62
340
56
335
87
438
68
397
61
406
73
431
66
372
66
398
70
348
Shipments, total J
Hardwoods
Softwoods
__
Exports, total sawmill products
Imports, total sawmill products
SOFTWOODS
Douglas fir:!
Orders, new
._
_
Orders unfilled end of month
do
do
mil bd. ft.
do
Production
Shipments _
Stocks (gross), mill end of month
do
do_
do
Exports total sawmill products
do
Sawed timber
do
Boards, planks, scantlings, etc
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$ per M bd ft
Flooring, C and better, F. G., 1" x 4", R. L.
$ per M bd ft
Southern Pine:
Orders new!
mil bd. ft
Orders unfilled end of month
do
Production!
do
Shipments!
do
Stocks (gross), mill and concentration yards, end
of month
mil bd ft
Exports, total sawmill products
M bd ft
Sawed timber
do
Boards, planks, scantlings, etc
do
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1947-49=100. _
Flooring, B and better, F. G., I" x 4", S. L.
1947 49—100
Western pine:
Orders newt
mil bd. ft
Orders unfilled end of month
do
Production!
do
Shipments!
do
Stocks (gross) mill end of month!
do
Price,
wholesale, Ponderosa, boards, No. 3, I" x
I9" R L (6' and over)
$ per M bd ft
72
328
666
533
640
471
576
412
561
422
550
445
876
586
636
529
698
491
728
505
594
499
678
466
583
424
658
446
598
422
524
419
696
691
1,146
646
640
1,126
553
600
1,066
618
551
1, 134
580
527
1,187
708
735
1,159
661
694
1,127
757
736
1. 149
723
714
1, 158
537
600
1,096
711
711
1,096
638
625
1, 108
638
635
1,082
637
623
1,096
546
527
1,114
28
16
12
24
12
12
21
8
13
29
11
17
21
8
14
24
13
10
26
13
13
20
9
11
22
10
12
23
12
11
22
11
11
21
9
11
32
17
15
r
76. 66 P 75. 54
81 13 P 78. 43
78 81
77 68
76 98
78 23
81 36
80 01
79 42
79 52
79 90
78.95
76.85
'130 03 ^124. 16
127 40
127 40
126.96
125 64
126 06
125 36
124 05
124.05
123 01
122. 59
121. 74
517
191
545
224
447
165
481
196
440
209
665
278
550
290
591
256
548
227
522
213
632
225
578
221
595
211
517
183
423
185
548
518
538
544
446
444
452
450
430
427
549
596
522
538
613
625
579
577
512
536
600
620
561
582
585
605
569
545
489
421
2 047
7 794
1 962
5,833
2,087
2 163
5,833
1 521
4,312
2 165
4 725
686
4,039
2,168
5,081
1,186
3,895
2 121
5, 242
783
4, 459
2 105
5 065
833
4,232
2 093
7,342
1 116
6 226
2 095
6 556
1 700
4 856
2 071
5 070
768
4,302
2 051
8,465
3 549
4,916
2. 030
3,962
905
3,057
2,010
5.500
904
4,596
2,034
5,650
V80
4,870
2, 102
106.8 P 106. 3
121.74 P121. 30
107. 1
105.7
103. 9
105.2
106.6
106.9
106.8
106.7
106.8
106.9
106.9
94 5
P 92 4
93 4
92 7
92 5
92 5
92 4
92 8
92 8
92 3
92 l
92 3
92 3
92 1
P 92 1
719
359
727
359
630
332
590
342
569
321
865
489
749
455
812
388
775
355
723
372
809
324
770
317
794
330
621
305
644
312
747
725
1 957
724
728
1,974
565
606
2 078
512
580
2 010
580
590
2,000
671
695
1,976
722
784
1 914
843
879
1 878
780
807
1 851
732
706
1 877
942
857
1 962
858
777
2,043
806
782
2,067
664
645
2T086
577
637
2,026
74 86 P69 64
68 75
70 16
70 22
69 72
69 89
73 37
73 77
72 14
68 81
68 88
66 83
3 4
12 8
31
3 2
9 2
3
12
3
4
8
5
0
2
3
2
3
12
2
3
7
2
0
8
0
8
31
11 0
3.7
37
7 8
3 2
10.9
3.4
2.9
81
29
10.6
3.4
3.3
82
2 6
10.5
3.2
2.6
86
2.2
10.0
2.8
2.6
9 1
63
35
70
70
99
9
4
8
6
3
59 3
34 3
58 6
62 1
95 8
77.3
36 8
75.3
74 8
96.4
68.1
37 8
66.7
68.3
93.4
65.8
34.3
70.5
69 3
94.5
61.1
31.5
68.4
66.0
94.8
49.6
27.3
55.3
54.8
84.7
113. 5 * 106. 3
r
66 03 P65 80
HARDWOOD FLOORING AND PLYWOOD
Flooring:
Maple, beech, and birch:
Orders new
mil bd ft
Orders, unfilled, end of month
do
Production
do
Shipments
do
Stocks (gross) mill end of month
do
Oak:
Orders, new
do
Orders, unfilled, end of month
do
Production
.
_
do_
Shipments
do
Stocks (gross), mill, end of month
do. _
r
Revised.
1
*> Preliminary.
Average for 9 months (Apr.-Dec.)..
32
11 6
3.0
31
9 7
31
11.3
3.1
3.0
87
2
10
2
2
8
9
6
8
6
8
30
11.0
2.9
2.5
9.3
3.0
11.4
2.6
2 7
9.3
34
11.4
3.0
3.0
9.3
3
12
2
2
9
8
5
8
7
3
69.0
38 5
73.2
70 6
95 6
64.2
35.6
65.5
65 4
99.9
53
26
62
54
106
5
4
4
8
8
57.3
27 9
62.7
56 8
112.7
54.3
30. 3
56.6
53.5
114.8
83.2
43.5
66.6
70 3
110.3
68
47
60
68
100
5
3
7
5
4
62
41
73
70
102
0
2
6
0
3
IRevisions for 1959-1960 appear on p. 24 of the Nov. 1961 SURVEY; revisions for 1948-1958
for stocks, all types of lumber, and for Western pine stocks are available upon request.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960 |
1961 1960
Monthly
average
Dec.
February 1962
1961
Jan.
Feb.
Mar.
Apr.
May
June
1962
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfs. and
ferroalloys) :
Exports, total 9
thous. sh. tons__
Steel mill products
do
Scrap
do _
Imports, total 9
Steel mill products
Scrap
-
-•
do
do
do
857
248
591
166
771
162
571
770
132
584
948
147
777
969
168
780
888
138
683
1,319
159
1,118
1,579
146
1,388
1,156
169
931
1,056
151
848
976
165
769
959
208
713
861
193
630
212
341
280
15
262
231
189
17
179
145
19
177
152
14
249
211
20
274
235
22
321
266
17
351
277
18
359
300
11
378
307
3
377
269
36
423
335
32
503
357
33
292
Iron and Steel Scrap
Production and receipts, total.... ..thous. sh. tons..
Home scrap produced
do
Purchased scrap received (net)
do
5,475
3,300
2,175
3,959
2,408
1,551
4,164
2, 523
1,642
4,114
2,505
1,608
4,999
2,914
2,086
5,071
2,936
2,135
5,782
3,381
2,401
5,617
3, 365
2,252
4,958
3,016
1,943
5,623
3,466
2,157
5,684
3,516
2,167
' 6, 151
' 3, 658
'2,493
Consumption total
do
Stocks consumers' end of mo
do
Ore
Iron ore (operations in all U.S. districts):
IVtine production
thous Ig tons
Shipments from mines
do
Imports
do
5,539
9,487
4,187
9,252
4,546
8,876
4,397
8,591
4,983
8,613
5,226
8,465
5,974
8,293
5,530
8, 385
4,811
8,528
5,580
8,569
5,584
8,674
' 5, 851
' 8, 967
7.320
7,014
2,883
3,672
1,142
1,527
3,332
1,110
1,634
3,281
1,150
1,662
3,597
1,385
1,226
3,593
1,565
1,227
6,604
6,187
2,041
8,538
10, 035
2,186
7,876
10, 718
2,727
9,076
10, 931
3,275
8,482
9,961
2,565
7,896
9,391
3,071
5,022
7,393
2,218
2,660
5,895
89
85, 237
11,282
67, 116
6,839
2,602
6,218
92
84, 744
14, 356
63,500
6,888
2,448
6,060
51
83, 236
16, 471
59, 887
6,878
2,897
6,953
77
81, 114
18, 674
55, 831
6,609
2,756
7,113
134
78, 565
20, 705
51, 474
6,386
7,139
8,313
372
77, 715
21, 167
50, 252
6,296
11, 302
8,545
763
78, 723
19, 589
53, 019
6,115
12, 681
8,518
662
80, 005
16, 757
57, 292
5,956
13, 483
8,767
1,124
82, 718
14, 908
62, 008
5,802
12, 116
8,965
690
84, 407
13, 440
65, 211
5,756
11, 999
9,681
550
85,722
12, 107
67, 530
6,085
9,560
9,058
362
84, 121
9,755
68,031
6,335
94
81
93
78
36
142
64
92
63
68
93
83
3,841
3,838
4,039
4,125
3,937
4,053
4,514
4,634
4,680
4,839
5,646
5,864
5,687
5,871
5,597
5,628
5,764
5,876
6,019
6,105
6,330
6,327
6,105
6,400
3,770
3,685
3,611
3,559
3,404
3,190
3,059
3,065
3,045
2,999
3,057
65.95
66.00
66.50
65.95
66.00
66.50
65. 95
66.00
66.50
65.95
66.00
66.50
65.95
66.00
66.50
65.95
66.00
66.50
65. 95
66.00
66.50
65.95
66.00
66.50
65.95
66.00
66.50
65. 95
66.00
66.50
65.95
66.00
66.50
65. 95
66.00
66.50
65. 95
P 66. 00
^66.50
739
966
534
553
749
395
600
760
406
621
702
378
652
856
497
645
869
504
651
982
572
666
1,027
606
679
804
474
686
932
572
685
947
567
649
1,031
594
73
68
39
55
57
32
52
58
34
48
51
30
45
58
34
48
56
31
52
68
40
52
67
40
66
42
27
63
65
41
59
53
35
59
66
39
5,840
70.8
6,416
77.8
6,239
83.7
7,086
85.9
7,585
95.0
8,981
108.9
8,552
107.1
8,092
98.1
8,661
105.0
8,915
111.7
9,173
111.2
231
116
89
163
108
87
157
96
77
145
93
72
144
107
83
147
94
71
157
103
79
151
109
84
152
77
57
157
102
80
148
103
80
156
108
82
317
106
79
268
90
64
266
95
69
263
89
64
262
96
70
264
96
70
262
105
78
259
108
80
280
72
54
281
97
72
283
99
74
282
110
84
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 mo
do
At mines '
do
At furnace yards
do
At U S docks
do
9.396
8,522
436
70, 534
'11,337
53, 350
5,846
Manganese (mn. content), general imports.. .do
99
7,759
8,143
59, 720
6,267
4,080
9,532
62, 605
6,100
Pig Iron and Iron Manufactures
Pig iron:
Production (excl. blast furnace production of ferroalloys). __
.thous. sh. tons__
Stocks (consumers' and" suppliers'), end of mo.
thous. sh. tons..
Prices:
Composite
_$ per Ig. ton..
Basic ^furnace)
do
Foundry No 2 Northern
do
Castings, gray iron:
Orders, unfilled, for sale, end of mo.
thous. sh. tons..
Shipments totalcf
do
For salecf
do
Castings, malleable iron:
Orders, unfilled, for sale, end of mo.
thous sh tons
Shipments total
do
For sale
do
5,556
5,552
5,393
3,471
65.95
66.00
66.50
65. 95
66.00
66.50
65.95
Steel, Crude and Semimanufactures
Steel ingots and steel for castings:
Production.
thous. sh. tons..
Index
_
1957-59=100..
Steel castings:
Orders, unfilled, for sale, end cf mo.*
thous. sh. tons..
Shipments total
do
For sale total
do
Steel forgings (for sale) :
Orders, unfilled, end of mo__
_do_-__
Shipments total
do
Drop and upset
do
Prices:
Composite, finished steel (carbon)
$ per lb__
Steel billets, rerolling, carbon, f.o.b. mill
$ per sh. ton..
Structural shapes (carbon), f.o.b. mill___$ per lb_.
Steel scrap, No. 1 heavy melting:
Composite (5 markets)§
_$ per Ig. ton..
Pittsburgh district
do
8,273
101.9
8,168
100.9
8,746 ' 9, 569
109.5
116.0
280
110
82
.0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
95.00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
95. 00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
95.00
.0617
95.00 P95.00
.0617 » . 0617
.0698
32.95
33.00
36.64
35.00
28.66
27.00
i 32. 04
30.00
33.38
32.00
36.50
35.00
38.94
37.00
36.63
35.00
38.49
37.00
37.77
36.00
39.05
36.00
40.64
38.00
39.09
38.00
' 33. 10 v i 34 11
34.00 P36.00
1,234
1,604
1,438
1,639
1,529
1,634
1,588
1,937
1,623
1,797
1,450
1,959
1,553
1,968
1,541
1,759
1,523
2,047
1,530
1,835
1,513
1,963
1,451
1,849
346
196
298
289
171
237
292
171
239
374
217
'309
371
218
'299
416
244
••346
455
265
'381
472
291
'401
632
442
'537
535
368
'443
451
294
'367
345
204
292
4,116
179
320
378
46
4,638
166
308
378
64
4,251
171
321
395
58
.0698
Steel, Manufactured Products
Barrels and drums, steel, heavy types (for sale):
Orders, unfilled, end of mo
thous..
Shipments
do
Cans (tinplate), shipments (tons of metal consumed), total for sale and own use
thous. sh. tons..
Food
do
Shipments for sale©
do
Steel products, net shipments:
Total (all grades)
thous. sh. tonsSemifinished products
do
Structural shapes (heavy), steel piling. ..do
Plates
do
Rails and accessories
_
..do
r
1,609
1,755
__
402
246
338
5,929
235
438
511
105
5,510
212
395
496
70
l
Revised.
v Preliminary.
See note marked "§".
9 Includes data not shown separately,
cf Revisions for 1959 are available upon request.
*New series (Bureau of the Census). Monthly data prior to Aug. 1960 are available upon
request.
6,046
5,787
5,787
6,058
6,139
5,121
6,134
6,048
5,133
5,047
272
241
287
260
204
158
221
171
195
217
403
404
426
437
424
378
437
377
384
440
608
544
567
590
495
451
488
489
478
458
62
61
56
67
64
63
84
94
83
83
§Effective Jan. 1961, the composite reflects new \\eights; prices beginning Jan. 1961 are not
comparable with earlier prices.
eRevisions for Mar .-Sept. 1960 are shown in the Dec. 1961 SURVEY.
SURVEY OF CURRENT BUSINESS
February 1962
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
Monthly
average
1961
1960
Dec.
S-33
Jan.
Feb.
Mar,
Apr,
May
June
1962
July I Aug. 1 Sept,
1
i
Oct.
Nov.
Dec.
Jar) .
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products— Continued
Steel products, net shipments — Continued
Bars and tool steel, total
thous. sh. tons..
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 rolleddo
Cold rolled
do
Fabricated structural steel:
Orders, new (net)
___.thous. sh. tons..
Shipments
do
Backlog, end of year or mo
do
884
576
185
115
588
248
503
2,417
666
1,206
839
532
204
98
589
253
510
2,147
585
1,013
621
392
148
75
407
182
288
1,695
450
866
669
436
141
86
489
197
577
1,790
485
872
627
402
141
77
425
190
466
1,599
454
743
758
471
189
91
544
251
528
1,825
491
847
800
470
237
88
566
266
524
1,889
520
885
904
572
220
105
647
301
609
2, 361
657
1,126
929
576
238
108
739
299
605
2,319
650
1,079
793
480
224
84
615
232
543
1.889
514
861
942
599
231
106
781
287
605
2, 336
632
1,065
931
595
228
101
694
278
485
2,387
662
1,089
938
594
228
108
632
282
430
2,423
639
1,145
904
586
200
110
495
244
405
2,411
637
1,163
868
601
151
108
448
216
357
2, 564
693
1,294
299
322
2,333
343
318
2, 499
249
277
2. 333
308
262
2, 371
257
260
2, 357
296
292
2, 392
309
319
2,378
392
365
2,458
298
361
2,415
456
287
2, 517
385
359
2. 378
408
326
2. 729
303
354
2, 566
333
339
2, 707
373
296
2. 723
167. 9
i 27. 3
158. 7
165.5
28.0
161.4
29.0
138.6
25.0
152.0
28.0
144.6
30.0
157. 5
34.0
159. 1
34.0
164.7
28.0
167.0
36.0
159.6
32.0
167.3
36.0
164. 1
36.0
168. ()
11.3
3.4
26.2
10.8
3.3
16.6
8.6
3.5
12.2
15.5
4.7
12.3
12.4
3.3
8.0
16.8
4.2
6.9
17.1
3.6
13.5
15.3
4.1
14.4
21.9
4.6
7.8
19. 5
4.2
6.8
22.8
4.6
11.8
18.4
4.8
9.4
259. 5
. 2600
291.4
. 2600
287.4
. 2600
277. 9
. 2600
266. 4
.2600
252.9
. 2600
247.5
.2600
256. 9
.2600
259. 2
. 2600
255. 4
. 2550
255. 6
. 2400
240.3
. 2400
378.5
226. 4
100. 3
63.6
341.6
241.3
111.2
60. 8
349.3
232. 5
1U4. 2
57. 1
396. 6
281.3
127. 1
62.5
361.2
268. 6
123. 5
60.3
425.0
295.3
134.1
63. 3
423. 2
304.3
136.6
64.4
373.9
263. 2
120. 3
48.6
426. 7
303.2
135. 0
65. 1
416. 4
286. 9
126. 8
62.6
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons..
Estimated recovery from scrap
do
Imports (general):
Metal and alloys crude
do
Plates sheets etc
do
Exports metal and alloys crude
do
Stocks, primary (at reduction plants), end of mo.
thous. sh. tons..
Prk-e, primary ingot, 99.5% min
$ per lb._
Aluminum shipments:
Mill products and pig and ingot (net)
Mill products, total
Plate and sheet (excl. foil)§
Castings
mil. lb_.
do
do
do
Copper:
Production:
Mine, recoverable copper
thous. sh. tons..
Refinerv primary
do
From domestic ores
do
From foreign ores _ _ ...do
Secondary, recovered as refined
do
Imports (general):
Refined unrefined scrap®
do
Exports:
Refined, scrap, brass and bronze ingots ..do. ...
Refined
do
Consumption, refined (by mills, etc.)
. do
Stocks refined, end of mo , total
do
Fabricators'
_ _ _ _
_
do Price, bars, electrolytic (N.Y.)
$ per l b _ _
Copper-base mill and foundry products, shipments
(quarterly avg. or total):
Copper mill (brass mill) products
mil Ib
~R
nil
f
I
n
In ts
1
Lead:
Production:
Mine, recoverable lead
thous. sh. tons..
Secondary estimated recoverable©
do
Imports (general) ore® metal
do
Consumption total
do
Stocks, end of year or mo.:
Producers', ore, base bullion, and in process©
f ABM'S)
thous sh tons
Refiners' (primary), refined and antimonial
thous.
sh. tons..
Consumers'd71
do
Scrap (lead-base, purchased), all consumers
thous. sh. tons..
Price, common grade (N.Y )
$ per Ib
12.7
3.1
23.7
185.3
.2600
r
258.2
. 2546
388.1
254. 1
115.7
62.6
446. 0
440. 9
294 2
298.7
129. 9
127.3
' 72. 6 70.8
90.0
126.6
93.4
33. 1
23.0
96.6
129.2
98.4
30.8
21.9
96.8
133.3
101. 6
31.7
21.3
97.3
127.4
89.3
38.1
24.7
88.3
120.0
86. 0
34. 0
18.7
100. 4
140. 1
107.3
32.7
21.5
90.9
128.7
102.3
26.4
24.2
102.4
137.8
106. 1
31.7
25.8
98.9
138.1
107.6
30. 5
24.9
89.6
119.3
88.9
30. 4
18.4
83. o
128.9
96. 0
32.9
20. 4
97.8
118.7
90.8
27. 8
20.7
104. 7
129.8
101.9
27 9
21.9
43.6
11 9
38.4
56
32.3
6.2
61. 9
6.0
33.1
4.8
28.2
5.1
36. 6
4.4
26. 7
5.2
39. 3
4. 7
50.4
4.7
26. 7
5.9
30. 2
5.9
51.5
48.7
36. 1
36. 0
114.6 P 123. 9
174.3
187. 6
98. 0
105. 0
. 2992
. 3205
63.5
47.0
108.8
228. 0
100. 2
. 2960
66. 1
49.7
100.1
228. 8
96. 8
. 2906
62.0
44.8
100. 2
229. 7
94. 5
. 2860
77.4
60. 7
122. 4
213. 1
92. 9
. 2860
51.9
36.4
121.2
194. 6
100.9
. 2860
55.4
38.6
141.8
182. 3
98.9
. 2998
49.4
31.4
147.2
165. 6
98.3
. 3060
46.8
29.3
82.6
197.1
135. 3
. 3060
29. 6
19. 9
142. 5
192.7
121.6
. 3060
30. 0
23.4
138. 5
167.3
108.2
. 3060
470
380
458
378
1()8
91 6
r
47.7
4.7
36, 0
3.4
32.2
25. 9
pl38. 3
P161.9
Pl07. 6
. 3060
30. 5
25. 3
P136. 9
P158. 6
7-102. 3
. 3060
53. 4
46 9
P115. 2
^159. 7
"102. 7
. 3060
1
110.6
119.6
118. 9
112. 8
195.1
106.4
193. 8
109.9
190.0
110.2
189.7
107.7
41.2
.1100
44.2
.1100
45. 3
.1100
43.3
.1100
391
558
4,904
3,020
1,915
1,670
250
210
6.970
6,090
4,420
3.920
30
30
18, 000 222.475
1.1455 1. 1625
375
4,034
1,965
245
7,210
4,570
22
23, 080
1. 1978
1, 446
3.929
1,795
255
6,480
4,245
16
24, 875
1. 2185
35.2
40.0
37. 5
38.3
37.0
31.8
7.4
36. 6
10.4
26.7
14.4
39.9
14.4
41.3
10.2
129.5
125. 7
115.0
112.4
3 69. 2
94.5
183.0
91.8
187.0
94.8
194.7
109.7
195.6
110.6
.1087
43.7
.1138
42.8
. 1100
41.6
.1100
41.0
.1100
39.5
.1100
39.6
.1100
1. 1327
1,226
3, 108
1,725
225
4, 915
2,845
79
24, 798
1.0114
802
2,058
1,750
225
5,965
3,680
125
23, 935
1.0038
1,188
1,998
1, 750
220
5, 505
3,570
17
22, 610
1.0098
319
2.261
1,900
230
6,490
3,990
305
20, 645
1.0340
1,373
1,785
1,815
220
6,410
4,080
120
19, 630
1.0708
223
3,046
1,935
250
6,860
4,380
32
18, 600
1. 1003
43.2
39.2
39.6
40.1
39.4
16.5
25.5
7.6
33.3
10.6
41.8
10.9
23.0
38.1
23.1
85.7
. 3060
526
<>03
20. 5
38. 6
32. 3
89.1
137. 9
Zinc:
Mine production, recoverable zinc
thous. sh. tons..
38.9
36.3
40.2
36.7
38.9
Imports (general) :
Ores©
do
38.0
27.1
30.0
29.7
Metal (slab, blocks)
do
10.1
12.2
6.2
7.6
Consumption (recoverable zinc content) :
Ores©
do
7 4
8.5
8.1
7.4
Scrap, all types
do16.1
18.5
15.6
17.3
r
l
Revised.
* Preliminary.
Recoverable a uminuni conten t. Mont hly dat i are
expressed in metallic content
(incl. alloying constiti lents); a] uminum content is about 93%
2
of metallic content.
Beginning July 1961, includ es tonna ?e held b y GSA.
§ Effective with the February 1962 SURVEY, figm*es for pi ite and s tieet exchide shipraents
43.6
12. 3
22. 0
38.8
36. 9
90.8
158.2
94.4
100.6
22.8
40.4
32.8
89.1
101.7
131. 1
100. 5
30. 6
18.7
r
145. 1
145.1
' 23. 3
103. 2 i
130. 4
104. 3
26. 1
23.1
r 19. 5
34.5
35. 5
71 6
'22. 1
36.5
35. 5
77.6
158.2
94 4
43.7
.1195
r
* 24. 7
38.8
37.5
83.4
20. 2
36.3
26.6
77.3
r
r 374
917
20. 9
35.2
26.8
79.7
21.7
r
562
405
448
361
195
36.9
25.8
83.7
20. 6
38.6
29 4
85. 1
Tin:
Imports (for consumption):
Ore©
jg- jons
1,169
3,291
Bars pigs, etc
do
Estimated recovery from scrap total©
do
1 800
250
As metal
do
Consumption pig total
do
6,710
Primary
do
4.290
Exports, incl. reexports (metal)
do
71
Stocks pig (industrial) end of mo
do
22, 750
Price, pig, Straits (N.Y.), prompt
$perlb._ 1.0140
r
r
207. 1
. 2400 ~~.~24oY)'
r
20. 9
42.2
37.1
92.3
20. 0
40. 7
40. 6
89.7
20. 7
116.4
107. 6
100. 6
193.1
106. 6
204. 9
106. 5
42.8
. 1100
39.4
.1020
. 1025
. 1003
319
4,204
5,030
2, 005
240
6,895
6, 880
4, 385
4.460
5
54
25, 620 25, 055
1. 2105 1.2289
1. 2098
1.2030
37. 3
8.7
5.9
6.8
6.3
7.6
7.6
6.6
7.1
5.8
18.2
18.4 ' 19. 6 19.8
18.5
14.7
16.9
19.3
21.1
of foil companible data back to January 1954 are available- upon rt quest.
© Basic me;tal contesnt.
cf Consume;rs' and secondar y smelte rs' stock s of lead in refin ery shap es and in copperbase s crap,
SURVEY OF CURRENT BUSINESS
-34
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
1960
Dec.
February
1961
Jan.
Feb.
Apr.
Mar.
June
May
1962
July ' Aug. , Sept.
Oct. ! Nov.
Dec.
jM r,
METALS AND MANUFACTURES-Continued
|
i
NONFERROUS METALS AND PROD.— Con.
Zinc — Continued
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 year or mo.:
Producers' smelter (AZI)
do
Consumers'
_
do
Price, prime Western (St. Louis)
$perlb._
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, cast iron:
Shipments
mil SQ ft radiation
Stocks, end of vcar or mo
...
__do___
Oil burners:
Shipments
thous
Stocks end of vear or mo
do
Stoves and ranges, domestic cooking:
Shipments total (oxcl liquid-fuel tvpes)
do
("rise?
do
Material handling equipment (industrial), new
orders index
1954—100
Industrial trucks (electric), shipments:
Hand (motorized)
. number..
Rider-tvpe
do
Industrial trucks and tractors (gasoline-powered),
shipments
number
mil $
do
_ . .months _
ELECTRICAL EQUIPMENT
Batteries (automotive replacement only), shipments
thous..
Household electrical appliances:
Ranges (incl. built-ins), domestic and export
sales A
thous
Refrigerators and home freezers, output
1957 = 100Vacuum cleaners (standard type), sales billed
thous - Washers, sales billed (dom. and export)©- -do
Radio sets, production §
do
Television sets (incl. combination), prod.§ do
Electron tubes and semiconductors, factory sales
mil $
Insulating materials, sales billed, index
1947-49 = 100-.
Motors and generators:
New orders, index, qtrlv
do
New orders (gross):
Polyphase induction motors, 1-200 hp mil $
D.C. motors and generators, 1-200 hp
do
69.2
36
69 6
3.5
69.3
4 3
80 6
2.6
68.0
4 8
80 4
2 6
65. 3
45
69.5
3.7
62.2
36
84.7
5. 1
63.0
50
83 3
3.3
75.8
56
89 3
2.7
76.6
5 2
83.5
1.3
190.8
66.1
.1248
206. 4
62.4
1.1153
215.0
60.0
.1150
222. 9
59.1
.1150
219.0
56. 8
.1150
213.1
60.0
.1150
207.8
59. 5
.1150
206.6
64.0
.1150
188.1
62 1
. 1150
165. 1
62.9
.1150
150.1
'71.3
.1150
146.4
82.1
. 1150
19 7
8
1 0
2.8
1 0
?.. 9
1 2
2 9
1 0
3.3
9
3.7
9
4.6
1 1
4.3
1.0
3.9
1 5
3.6
16
3.2
15
2.9
1.3
2.7
42.8
29 2
44 9
42.0
44 1
37. 7
44 1
151.2
. 1154
9
33 8
48 9
38 1
51 5
38 1
53 7
44 1
55 4
35.9
54 4
62. 6
50 9
55 1
43 8
62.4
41 8
46.1
41 4
9
189 7
184 9
164 6
159 7
. 1200
117 0
114 8
1 7 3
1°4 8
154 3
150 8
138 9
136 0
164 2
161 5
170 2
167 9
117 6
114 4
187 4
183 6
190 1
185 8
154.7
100.9
85.7
47. 4
68. 3
41 2
70.9
39.3
106.3
74 2
87.8
45 7
97.0
53 7
149.1
95.3
157. 3
97. 4
226. 8
136.2
243.2
145 3
r
r
290. 3
177.5
167. 8
105. 5
149 4
112 0
182 1
r
r
152. 4
114 3
214 6
99 6
76 6
193 7
108.4
106.9
77. 7
89.8
8
2.6
q
2 1
100.8
78 1
208. 9
59 2
174 0
2 38 5
21.4
34 9
9
34
118.8
97.2
1 3
2.9
1.0
2.6
76 6
61 6
213 9
80 7
63 8
241 2
78 8
63 1
199 1
3
81 1
65 7
252 3
104.2
83 5
160 1
107 2
86 6
173 7
90 6
72 1
210 7
38 9
13 8
3
129 0
99 1
201 3
39 5
17 7
38 6
U45
101.2
123.7
81.8
99. 1
115.2
101.5
130.8
69. 0
62.0
1 2
4
8
4 5
9
1 9
1 0
2 6
7
3
1 4
61
1 2
35
1 4
1 3
q
33
1 2
1 i
14
1.6
110 0
116 °
114 4
137 o
109 8
136 5
175 5
130 7
113 3
100 8
125 0
113 3
461
470
385
380
342
449
375
343
386
373
394
499
393
426
385
372
427
376
395
393
388
385
377
349
495
370
272
292
336
383
1.885
1.639
1 . 628
1.318
1 , 595
1.914
1 , 892
1 , 952
1,844
1 , 753
1. 667
1 , 735
1,987
1,031
981
41.90
29. 35
42 30
32. 85
4 4
p 46. 30
"31.30
p 42. 20
p 28. 60
p/> 0
47. 45
29. 45
48 60
33. 00
4 3
35. 75
20. 95
36 95
25. 10
4 3
39. 45
27. 65
35 60
24 40
4 5
54. 90
40. 80
42 05
28. 95
4 9
41.30
31.60
40 15
28. 30
4 9
41.70
30. 85
42 85
31.40
4 8
52.10
31 . 50
46. 75
30.20
4 8
46. 70
27 85
37 20
24 95
5 0
44. 80
29. 65
34 05
23 15
5 2
55 65
34 05
41 20
27 10
5 7
47.30
28.55
45 15
28 35
57
' 51 . 95
r 39. 80
'48 10
^32 20
p 43. 95
*>32 35
P 56 75
*>39 05
P4 7
1 2. 50
12.00
4.2
p 10.90
p 12. 45
'• 3. 6
11.55
12.75
4.3
20. 35
8. 55
5.0
6. 95
10. 05
4.9
1 5. 1 5
12.80
5.2
6. 35
13.55
4.4
7. 90
15.05
3.8
9.40
17.45
3.3
8 95
12. 55
3.0
10 10
12. 95
2.8
10 95
10.70
2.8
9. 10
11.00
2.7
r
2°0 5
175 2
4S. ]
9.3
284 8
70.9
24 6
56. 7
16. 1
249 1
70 5
21 3
2
58 0
44 4
54 9
64 2
56 9
2
89 4
97 3
151 6
132 0
68 9
2186.2
107.0
224 2
222.4
158. 4
2, 194
2, 356
124. 6
127. 5
111.8
276. 1
272.9
1,427.2
475. 7
273.6
278.9
1,447.8
514. 8
2.761
2, 822
r
112.0
r
105. 7
r
123. 5
1.334
1,491
2. 321
r
142. 8
r
123. 7
2, 037
1,695
r
r
126. 6
139. 3
2. 093
r
100. 1
2. 688
r
122. 9
2, 807
T
4
18 1
4 11 7
4
32 9
4 91 7
M3.80
'2.8
3,196 ' 2, 855 2,994
144 8 ' 122. 3 r 130. 9
147 4
99.2
124.3
116.2
123.5
121.1
132.0
113.8
72.9
122. 7
'117.4
'117.0
124. 3
254.6
223. 5
242. 5
228.9
257.9
227.6
350. 0
305. 6
265. 0
209. 7
240.9
247.9
242.0
304.3
213.9
228.4
270. 1
332. 6
302. 2
401.9
327. 6
321.9
300.8
286.2
269. 9
252. 4
1,626.3 1.030.4
5 615. 1
383.4
1,385.1
514. 7
H,521 7 1,090.1 1,115.0 31,3,84.1 1.124.9 1.196.9
367. 9
444.4 5 497. 5
5 405. 5
405. 8
470. 4
5
5
2, 048. 7 1,796.4 1, 730. 8 -51,845.1. *1,331. 1
694. 6
620. 8
583. 0 T 5580. 3 i 491.3
s
82.6
77. 2
72.0
73.4
92.5
78.0
75. 7
80.8
58.0
85 9
89 5
137
130
118
118
142
125
129
139
105
135
146
10.4
1.9
12.9
2. 5
13.6
2.6
12.4
2.3
12.4
2.1
13.7
2.8
11.8
1.9
11 8
2.2
13 5
2.4
2
12 95 "13 05
' 11.00
'2.9
106. 5
162
134
13.6
2.3
11.9
1.9
152
* Revised.
v Preliminary.
i Average based
on actual market days: excludes nominal
3
prices for other days.
2 Quarterly average.
See note marked "©".
4 Data are for month shown.
« Data cover 5 weeks.
cf Includes data for built-in gas fired oven-broiler units; shipments of cooking tops, not
included in figures above, totaled 25,100 units in Nov. 1961.
t Revisions for gas heating stoves (Jan.-June 1960) and warm-air furnaces (Jan.l959-June
I960) are available upon request.
©Beginning 1st qtr. 1961, data exclude new orders for gas-fired unit heaters and duct
furnaces:
comparable data for 4th qtr. 1960, $15,900,000.
150. 3
. 1198
1 0 4
117 9
2 251 5
2 67. 5
2
16 2
r
151.2
151 8
148 5
199 6
mil. $
do
do
do
months
Other machinery and equip., qtrly. shipments:
Construction machinery (selected types),
total 9 t
mil $
Tractors, tracklayinpr, total
do
Tractors wheel (con off-highwav)
do
Tractor shovel loaders, integral units only
(wheel and tracklaying types)
mil $
Tractors, wheel (excl. garden and contractors'
off-highway types)
mil $
Farm machines and equipment (selected types),
excl tractors
mil. $
73.6
4 4
64 3
6 4
2
Unit-heater group new orders®
do
Foundrv equipment (new) , new orders, net
mo. avg. shipments, 1947-49 = 100-.
F urn aces, industrial, new orders, net:
Flectric processing
mil $
Fuel-fired (exc for hot rolline steel)
do
.
66.3
3 9
60 6
6 1
45 9
MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, qtrly. totals:
Metal forming tools:
Orders new (net)
Shipments
Estimated backlog
74.0
3 4
63 8
9.2
188.0
67,8
.1295
Stoves, domestic heating, shipments, total _ - d o . _ _
Gasf
do _
Warm-air furnaces (forced-air and gravity air-flow),
shipments totalf
thous
Gas
do
Water heaters gas shipments
do
Machine tools:
Metal cutting tools:
Orders new (net), total
Domestic
Shipments total
Domestic
Estimated backlog
69. 4
3 5
69 2
14.2
67. 0
5.7
73.2
6.3
154
80.0
79 5
12 1
2.8
10 5
1.6
155
11 0
9 Includes data not shown separately.
{Revisions for 1960 appear in the July 1961
SURVEY.
ARevisions for 1960 (thous.): 114.0: 141.8; 154.5; 125.3; 116.0; 124.6: 100.9:^120.8:
141.3; 126.7; 117.1; 112.0.
ODate exclude sales of combination washer-drier machines; such sales (excl. exports)
totaled 5,300 units in Dec. 1961.
§Radio production comprises table, portable, auto, and clock models; television sets
exclude figures for color sets. Data for Dec. 1960 and Mar., June, Sept., and Dec. 1961 cover
5 weeks; other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
February 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960 | 1961
I960
Monthly
average
Deo.
S-35
1962
1961
Jan.
Feb.
Mar.
Apr.
June
May
July
Aug.
Sept.
Oct.
Nov.
Dee.
Jan.
1,532
276
224
1, 404
233
pi, 792
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous sh tons
1 568 1 484
Stocks in producers' vards end of mo
do
315
Exports
do
119
Prices: Q
97 67
Retail tove composite
$ per sli ton
28 14
Wholesale, chestnut, f.o.b. mine_ _
do
13 948 ^13 338
Bituminous:
9
Production
thous sh tons
34 6 6 33 040
Industrial consumption and retail deliveries,
total 9
thous sh tons *31 702 31 202
Electric power utilities
do
U4 490 14 969
1
14, 425 13,857
Mfg and mining industries, total
do
Coke plants (oven and beehive)
do
i 0. 751
6. 158
Retail deliveries to other consumer^
Retail dealers
Wholesale:
Screenings, indust. use, f.o.b. mine
Domestic, large sizes, f.o.b. mine
COKE
Production:
P>eehive
Oven (byproduct")
Petroleum coke§
Stocks, end of month:
O veii-coke plants total
4t furnace plants
At merchant plants
Petroleum coke
Exports
°7 88
14 098
1 468
98
107
1 197
1539
I
1 447
247
95
1 372
178
159
1,202
173
93
1. 565
253
142
1. 423
293
151
1, 636
297
141
98 56
14 490
9
8 56
14 490
97 47
11 970
97 47
11 970
27 64
12. 460
27 76
12.460
27 89
12.950
28 24
13. 370
28 24
28 90
13. 370 p 13.928
33 091
39 57()
98 Q70
99 050
99 990
34 950
31 510
26 800
37 500
35 150
38 970 ^37, 770 p 33,815
34
16
13
5
70°
903
797
035
30 930
149 730
I 403
4 792
30
14
13
5
470
773
491
345
98 493
13 500
I 9 969
5. 495
98 443
13 574
13 587
6, 206
27 9669
13 72
13,137
6.153
28 241
14, 201
12, 934
6 277
30 626
15,336
13, 469
6, 506
30 636
14 797
13, 562
6,628
r
33 367 34, 021
15, 352 15, 734
15,052 --15.399
7, 069 '6,992
37 294
17,007
16, 623
7, 395
4 069
3 097
9 973
1 Of 9
1 193
1 010
1 007
1 710
2 173
2 860
2 789
3 645
69 194 66 9463
47 1 57 45 45
21,477 20, 683
9 788
10 484
65 183
44 697
20, 1 58
9 551
65 007 67 893
45 017 46 937
1 9, 640 20, 502
9 33''
9 852
70 698
48 360
21,788
9 931
67 139
46 951
19,597
8 496
69 653
48 452
20, 276
8 936
70 697
49 371
20,710
9 135
72 612
50, 268
21.714
9, 813
73 851
50, 421
22, 808
10 454
71 433
48, 609
22, 298
10 408
526
2 311
3 886
72 333
48 244
23, 921 6
11 87
69 127
47, 618
20, 971
9 682
73 944
49 937
22, 451
11 029
do
693
538
do
3 041
666
560
535
398
350
454
550
591
625
616
630
622
2 32'?
1 867
1 868
1 959
2 541
3 399
3 402
? 775
3 918
3 771
3, 716
3,202
17 33
17 97
1 7 30
17 30
1 7 30
17 °3
16 86
16 74
16 81
16 91
17 04
17 29
17 33
5. 164 P 5. 051
7.690 v 7. 541
5.149
7. 900
5. 149
7 992
5.149
7 922
5.149
7 828
2 5. 037
7. 275
5.018
7. 209
5.018
7. 256
5. 018
7. 273
5.016
7. 367
5. 016
7. 470
5.016 ••5.013 *5. 013 7. 590 r 7. 690 P7.690
84
4, 685
1.000
74
4,484
60
3,382
1 202
50
3 494
1 260
61
3 296
1 121
70
3, 654
1 237
67
3, 797
1 248
78
4.249
1 218
78
4, 210
1 236
72
4,319
1 325
85
4,464
1. 342
74
4, 557
1 183
79
4. 862
1,292
3 4 152
3 2 947
1, 205
1 159
29
~
4 399
3, 030
1.370
4 732
3 452
1 . 280
877
11
4 892
3' 485
1 338
933
21
4 781
3' 401
1 380
933
26
4 697
3' 285
1 412
1 025
41
4 796
3 256
1 470
1 102
23
4 572
3 094
1 478
1 112
41
4 358
2 928
1 430
1 111
27
4 354
? 884
1,470
1 135
45
4 301
2,891
1,411
1 112
41
4
2
1
1
101
772
329
095
59
4 035
2,764
1, 271
1 081
35
2 426
2 97
248 9
83
1 880
2 97
259 3
87
1 512
2 97
236 8
86
1 950
2 97
251 0
81
1 643
2 97
234 6
78
2 050
2 97
249 0
80
1 734
2 97
239 6
80
1 735
2 97
257 0
83
1,824
2 97
262 1
85
1 676
2 97
239 3
80
1, 859
2 97
253. 5
82
2 031
2 97
246 1
82
298 3
309 7
321 6
291 4
393 6
304 7
308 7
288 0
307 3
302 7
292 7
308.2
302 2
214 6
r
2S 4
221 7
31.5
223 5
31 0
204 3
28 2
231 6
30 9
219 8
30 1
221 6
29 7
213 1
28 7
215 7
29 4
220 2
29.6
909 8
28 0
220 9
30.4
214 6
31 0
31 0
'24 4
— 2.5
28 7
27 9
— 48.0
33 7
33 5
— 25 1
28 8
30 1
33 3
27 9
14 8
27 0
27 9
24 1
33 6
23 9
16 1
27 2
19 0
98
38 0
24 3
21 2
34 0
18 8
33
33 1
21 8
12 0
33 6
23 3
12.6
30 1
26 5
— 12 9
357 7
346 8
308 9
3
51
303 4
126 6
117
280 6
292 6
278 2
286 1
299 3
280 7
295. 7
315 0
0^
6
5
1
298 6
3
4 3
294 0
105 6
15 1
3
53
275 90
119
9 0
2
7
7
2
2
4
4
4
5
8
2
8
2
4
2
3
4
6
4
1
I
95 5
r 57 o
83
96 4
58 9
80
74 9
53 1
7 1
66 4
50 9
88
53 3
46 1
81
44 3
39 6
10 6
37 0
31 6
85
39 2
39 3
80
33
4 0
25. 7
36
31
25 7
2 8
2 3
20 6
3 5
4 6
17 5
30
5 6
17 5
4 0
10 4
16 0
36
13 8
16 4
3 5
14 1
15 7
17 06
do
do
thous sh ton**
..
. . lo
lo
lo
lo
lo
do
do
1 803 1 756
64
110
134
89
9g 34
9§ 56
14 420 14 420
34 503
16 758
13 632
4, 926
9 534
do
Stocks, industrial and retail dealers', end of
month total 9
thous sh tons
Electric power utilities
do
Mfg. and mining industries, total
do
Oven coke plants
do
Exports
Prices:
1 794
199
110
76
4,819
1,270
17 33
79
5,091
r
4 024
4 043
r 2, 796
2 820
' 1, 228 1,223
1 068
39
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
Price at wells (Okla -Kansas'*
Runs to stills
Refinery operating ratio
1 874
2 97
246 0
83
number
$ per bbl
mil bbl
*%• of capacity
All oils, supply, demand, and stocks:?
"NTew supply, total
mil bbl
Production:
Crude petroleum
do
Natural-gas liquids, benzol, etc
do
Imports:
Crude petroleum
do
Refined products
do
Change in stocks, all oils (decrease, — )
do
Demand, total
Exports:
Crude petroleum
Refined products
Domestic demand, total 9
Gasoline
Kerosene
Distillate fuel oil
Residual fuel oil
Jet fuel
Lubricants
\sphalt
Liquefied gases
Stocks, end of month, total
Crude petroleum
Natural-gas liquids
Refined products
do
do
do
do
do
do
r
r
do
do
.do
r
300. 8
3
59
294.
6
196 5
11 0
r
T
do
do
do
T
57 1
46 6
8. 6
36
8 7
' 18.9
r
r
5
352
124
18
r
790. 2
248. 0
28.4
513 9
do
do...
do
do
Refined petroleum products:!
Gasoline (incl. aviation):
Production
.
do
Exports. _
_
do
Stocks, end of month:
Finished gasoline..
.do ..
Unfinished gasoline
do
Prices (excl. aviation):
Wholesale, ref. (Okla., group 3)
$ per gaL_
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)..
$ per gal _
r
1
2
r
2 97
T
126. 9
1. 1
188.9
12. 7
5
2
0
9
8
5
34]
114
18
778 7
239. 8
28 9
510 0
759
236
24
498
130 7
131 7
10
181.2
13 6
197.9
14 o
4
8
0
7
4
281
137
9
5
293
140
10
5
309
128
13
4
0
6
4
8
4
2
1
5
5 2
290. 3
128 8
40 8
38 4
9 7
41 2
36 5
10 2
48 0
43 0
84
64 1
48 3
8 4
37
16 2
18 0
3 5
13 5
16 9
38
12 7
19.5
35
7 6
21.7
866 2
853 6
251. 1
251 0
44 2
44 4 1
558 9 ! 570 9
853 3
248.7
41 7
363 0
4
276
130
9
12 i
791 1
256. 1
31 6
503 4
807
261
35
510
115 8
5
127 6
5
118 6
1i
197 3
6
123 2
11
135 1
6
136 5
8
193 3
9
130 6
6
128 2
9
208.8
13 4
209. 5
14 2
208. 4
14 2
198.9
14 5
183.7
13 9
182.5
13 3
178. 5
13 1
173.3
11 7
173.9
13 1
174.0
12 8
2
1
2
0
2
4
4
4
817
261
38
517
0
1
2
8
832
257
41
539
2
0
4
9
841
248
42
550
6
1
8
7
.116
r. 117
. 125
.125
. 125
.125
. 125
.115
. 125
. 125
. 115
. 105
.095
.105
p. 115
.210
. 205
.214
.211
.211
. 201
202
202
206
214
206
199
201
.205
204
Revised.
* Preliminary.
Revisions for Jan-Sept. 1960 appear in the Dec. 1961 SURVEY.
Data beginning April 1961 are not entirely comparable with those for earlier periods;
March 1961 price comparable with later data, $5.059 per sh. ton.
5
272
138
7
9
0
9
5
5
752
232
23
497
767
244
27
494
5
286
137
9
r
2 97
3
Revisions for Jan.-Aug. 1960 appear in the Nov. 1961 Survey.
9 Includes data not shown separately.
§ Includes nonmarketable catalyst coke.
I M inor revisions for Jan.-Nov. 1960 for various items will be shown later.
--
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960 | 1961
1960
Monthly
average
Dec.
1
February 1062
1961
Jan.
Feb.
Mar.
Apr.
May
June
1962
July
Aug.
Sept.
Nov.
Oct.
Dec.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products — Continued!
Aviation gasoline:
Production
mil bhl
Exports
do
Stocks, end of month
_
do
Kerosene:
Production
do
Stocks end of month
do
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gaL.
Distillate fuel oil:
Production
mil. bbl
Imports
- do
Exports
do
Stocks, end of month
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gal-.
Residual fuel oil:
Production
mil bbl
Imports
do
Exports
do
Stocks end of month
do
Price wholesale (Okla No 6)
$ per bbl
Jet fuel:
Production
mil bbl
Stocks end of month
do
Lubricants:
Exports
- do. -.
Stocks end of month
do
Price, wholesale, bright stock (midcontinent,
f.o.b., Tulsa)
.
$per gal-Asphalt:
Production
mil. bbl
Stocks end of month
do
Liquefied petroleum gases:
Production
do
Transfers from gasoline plants
do
Stocks (at plants, terminals, underground, and
at refineries) end of mo
mil bbl
r
9 5
8
13. 5
9 6
.4
13.9
9 6
.8
13.1
8 6
.3
13.0
9 6
.4
12.8
9 2
1.0
11.8
10 2
.4
12.3
9 4
.9
11.6
9 6
.5
10,7
10 8
.6
10.8
9 9
7
10.6
9 9
5
11 3
91
8
11. 1
11 3
28 7
13 4
31.4
13 9
27 4
12 0
24.5
12 7
10 6
27.3
9 9
28.4
9 5
30.3
11. 1
32.4
11 3
33.9
11 3
35. 9
13 1
37 3
12 4
36 2
.104
r
p . 109
.094
.098
59.2
1.1
.6
138.5
55. 6
1.1
.8
127.9
p. 099
.088
1
. 109
. 117
. 115
.110
.105
. 105
.105
.108
.108
.108
.108
64.4
2.1
7
108.1
63.2
1.1
.3
97.3
56.0
1.4
.4
88.0
49.9
.9
.6
85.0
52 9
.7
.8
93.6
52,5
1.0
.7
109. 5
58.2
1.5
.6
1 29. 6
61.2
1.1
.4
150.9
54.6
1.4
.3
165.4
59 9
1.2
7
177.9
59 5
1.4
6
174.2
1
.107
.105
.100
.095
.095
.095
.098
.098
.098
.098
P . 103
25.8
16.9
.8
50.2
1.45
25.2
12.8
1.4
48.8
1.45
23.9
14.8
.9
50.3
1.45
25 1
17.4
12
49.0
1 45
25.7
21.0
1.0
46.7
1 45
* 1. 55
.099
30.9
'22.7
1.5
44.9
1.80
29.9
27.9
1.2
42.9
1.80
27.8
25.7
1.0
42.6
1.80
27.4
22.8
1.3
40.9
1.80
25.0
22.9
1.3
41.8
1.65
26.6
16.6
1.6
44.1
1.60
23.3
12.3
1.1
47.4
1.45
7.4
6.6
7.3
6.5
6.7
6.0
6.7
6.4
8.9
7.1
8.0
7.8
8.3
7.6
7.5
7.9
8.1
8.2
8.9
8.5
8.0
7.9
75
7.7
8.2
7.8
4 9
1.3
9 4
51
1.4
9 9
4 7
1.0
12 4
4 7
1.5
12 8
5.0
1.6
12 7
5. 1
1.4
13 4
5.3
1.5
13 1
4.6
1.3
12.7
5.2
1.5
12.9
5.1
1.7
12.6
4.5
1.2
12.4
51
1.4
12 3
5 0
1.5
12 3
.260
.260
.260
.260
.260
.260
.260
.260
.260
,260
.260
. 260
5.2
10.1
5.0
15.2
4.5
17.6
5.9
19.2
7.7
21.6
9.4
21.3
10.9
19.3
11.8
17.7
11.9
14.1
10.9
12.1
10.5
10 5
7. 6
10.9
6.7
19.2
6.9
19.0
6.4
14.5
6.9
11.2
6.6
11.2
7. 1
10.2
6.6
10.1
6.2
9.9
6.4
11.8
5.9
11.3
6 3
13.6
6.6
15. 6
25. 5
20.7
20.0
24.3
28.3
33.4
36.9
40.7
42. 3
43.7
44.0
41.9
5, 867
2, 069
3,798
27.7
'19. 4
1.5
43.4
1.69
.257
pl.58
.260
8.2
12.8
6 5
' 12.7
r
24.2
Asphalt and tar products, shipments:
Asphalt roofing,
total
thous. squares. . 4,997
1.813
Roll roofin0' and cap sheet
do
Shingles all types
d o _ _ . - 3.184
5, 063
1, 778
3. 285
4, 351
1 , 656
2. 695
2, 000
775
1,224
1,665
655
1,010
3.834
1. 446
2,388
4,709
1. 667
3,042
6.517
2. 139
4.378
7, 266
2,320
4.947
73
94
82
72
84
78
74
51
95
45
44
53
35
45
35
65
73
60
62
78
69
75
98
89
76
108
108
\sphalt Aiding
Insulated siding
Saturated felt^
__
do
do
thous sh tons
7,087
6,880
2,465 , 2, 497
4, 415
4. 590
\
90
95
73
125 •
105 I
105
96 :
78 i
102
r
7,376
2,564
4,812
107
112
109
4, 408
" 1, 557
'2.851
r
;
S5
p . 113
.260
3, 150
1,181
1,969
74
76
51
43
62
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Puli) wood:
Receipts
Consumption
Stocks end of month
thous cords (128 cu ft )
do
do
3.448
3, 374
5, 483
3. 473
3.515
5. 769
3, 032
2, 966
5, 948
3. 449
3. 400
6, 471
3, -100
3. 222
6.212
3. 599
0, I'M)
3. 170
3.510
5. 983
3. 357
3. 664
5, 424
3, 465
3, 5(50
5, 323
3, 268
3,199
5. 389
3. 899
3. 623
5. 655
3, 546
3,436
5. 772
3, 855
3. 851
5. 820
3, 498
3, 731
* 5.521
3. 258
3. 379
5. 495
Waste paper:
Consumption
Stocks end of month
thous sh. tons
do
753
550
753
517
752
561
712
519
677
515
519
728
517
778
536
778
516
1)84
531
501
790
479
810
498
770
509
710
562
WOOD PULP
Production:
Total all grades
thous sh tons
Dissolvin0' and special alpha
do
Sulfate
do
Sulfite
..do
2,110
95
1, 216
215
2. 198
100
1 , 286
214
1 , 848
83
1 , 040
187
2,108
99
1,218
222
1.957
91
1. 151
200
2, 245
107
1,311
221
2 177
97
1,278
225
2, 298
114
1,335
221
2, 265
100
1, 326
222
1,990
80
1 , 166
179
2, 305
97
1,347
217
2.158
82
1,288
195
2. 415
118
1.414
230
2, 363
106
1.402
226
2. U94
106
1.201
206
274
100
209
266
105
228
261
90
187
268
96
204
243
75
197
275
104
227
256
104
218
281
117
230
266
119
234
256
102
207
278
120
245
254
108
230
282
116
256
274
105
251
"89
234
902
299
529
74
899
326
509
64
897
294
534
69
882
317
499
66
889
312
507
70
914
325
524
66
898
339
197
62
915
349
505
61
932
356
515
61
935
347
526
62
917
332
509
77
878
315
506
58
879
317
506
55
'879
305
509
65
867
292
506
68
95
34
61
95
34
61
88
23
65
109
32
78
109
43
66
100
36
64
107
43
64
93
35
58
88
37
51
117
39
78
79
26
53
94
38
56
95
43
53
198
15
184
175
9
166
185
12
174
195
14
181
208
12
196
168
12
156
209
18
191
224
11
213
190
12
178
224
12
212
198
16
183
225
17
207
231
14
217
2,521
1, 165
1,123
11
222
2, 793
1,295
1,257
10
230
2,639
1,219
1,214
10
196
3,070
1,340
1,427
11
291
3, 094
1,325
1,453
13
303
2,697
1,166
1,245
8
277
3,177
1,362
1,485
11
319
3,012
1,293
1,429
11
280
3,290
1,446
1,528
10
305
' 3, 127
"1,355
'1,493
11
'268
Denbrated or exploded
Sod" semichem screenings etc
Stocks,1 end of month:
Tot' ! all mill«
Paper and board mills
Exports, all grades, total
Dissolving and special alpha.
All other
do
do
do
do
-do ..do
do
Dissolving and special alpha..
\11 other
do
clo
3. .".10
PAPER AND PAPER PRODUCTS
All paper and board milLs, production:
Paper and board, total
thous. sh. tons._
Paper
do
Paperboard.
.do.-.,
Wet-machine board
-do
Construction paper and board
do
T
1
2,872
1,284
1,306
14
268
2,974
1,314
1,382
11
267
Revised.
*> Preliminary.
Prices beginning Jan. 1961 not strictly comparable with earlier data. Jan. 1961 prices
comparable with Dec. 1960: Kerosene, $0.115; fuel oil, $0.105.
2,940
3,004
1,306
1.354
1,360
1,386
11
12
264
253
JSee similar
note on p. 3-35.
2.843
1,305
1,303
11
224
Ian
SURVEY OF CURRENT BUSINESS
February 1962
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1960
1961
Monthly
average
S-37
1962
1961
Jan.
Dec.
Feb.
May
Apr.
Mar.
June
July
Aug.
Oct.
Sept.
Nov.
Dec.
Jan.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper, exc. building paper, newsprint, and paperboard (American Paper and Pulp Assoc.):
Orders, new 9
_
_thous. sh. tons
Orders, unfilled, end of month 9 do _ _ .
Production
do
Shipments 9
do
Stocks end of month 9
do
Fine paper:
Orders new
do
Orders unfilled end of month
do
Production
do
Shipments
do
Stocks, end of month ..
,___ _
do _
Printing paper:
Orders, new
__ „ _
do
Orders unfilled, end of month
do
Production
__ _ _
do
Shipments
do
Stocks end of month
do
Price, wholesale, book paper, "A" grade, English
finish, white f o b mill
$ per 100 Ib
Coarse paper:
Orders new
thous sh tons
Orders unfilled, end of month
do
Production
do
Shipments
do
Stocks, end of month ..
. do
Newsprint:
Canada (incl. Newfoundland):
Production
do
Shipments from mills
do
Stocks at mills, end of month . _
do _
United States:
Production
.
do
Shipments from mills
_ ._
do
Stocks at mills, end of month,.
do
926
682
819
586
934
618
903
641
1,117
1, 012
1,118
1, 056
1,176
144
79
148
145
156
134
70
134
135
149
144
78
142
143
153
154
93
142
147
153
398
396
389
391
270
348
333
374
375
269
412
367
386
381
275
16.95
922
630
16.85
962
678
955
641
972
659
1,147
873
651
1,160
1, 163
1,003
1,174
164
90
160
160
145
157
98
156
155
154
158
91
159
155
147
150
86
160
152
157
145
91
135
135
151
156
88
160
156
155
397
370
372
369
277
442
394
417
414
280
405
394
382
381
281
396
362
404
403
283
422
379
407
403
287
370
360
357
358
286
408
352
404
402
289
16.95
16.95
16.95
16.95
16 95
16.95
16.95
16.95
136
278
278
139
320
130
322
313
143
295
133
300
294
150
345
138
336
339
144
341
143
339
338
148
339
144
340
334
149
345
153
341
341
157
303
152
296
296
149
340
158
338
335
153
585
609
225
844
647
Pl6. 95
324
161
333
325
123
899
644
a ' 278
867
657
1,016
665
976
643
935
662
953
661
959
682
839
672
562
563
209
561
559
225
534
558
140
545
509
176
512
469
219
572
528
263
549
559
252
592
583
261
558
573
246
555
553
249
170
169
34
174
174
40
159
167
26
184
167
43
163
168
39
186
178
47
163
176
34
186
179
41
166
171
36
r 169
* 162
43
971
647
958
696
r
r
188
!82
49
'945
'661
'1,134
r
940
r
r
698
1,038
'676
'1,232
r
l 009
i 612
1913
i 592
1925
!916
148
'161
160
76
167
160
74
162
154
160
'398
r
362
398
••397
r
r 77
'168
r
!60
172
M37
r
370
j-419
r
419
399
337
403
403
289
16 95
r
r
r
r
Pl6 95
16 95
16 95
335
170
319
3'?2
r 3gg
152
178
r 355
355
151
354
179
355
353
596
590
224
594
619
199
528
560
167
178
185
37
163
167
33
r
r
548
555
217
r
r
164
173
40
r
r
183
179
44
r
r
Consumption bv ptiblisherscf
do
Stocks at and in transit to publishers, end of
month cf
thous sh ton**
461
445
457
422
392
469
479
486
447
413
417
451
512
499
473
634
620
628
633
648
611
594
589
594
618
671
664
623
61l)
584
Imports
do
Price, rolls, contract, delivered to principal ports
$ per sh. tori
451
475
422
415
493
421
512
484
444
465
449
461
507
134.40
134.40
134. 40
134. 40
134.40
134.40
134. 40
134. 40
134. 40
134. 40
134.40
1,182
372
1,212
1,212
380
1,201
1.242
399
1,219
1,454
441
1.436
1,304
421
1,317
1, 462
448
1,452
1,409
427
1, 425
1. 237
'472
1, 184
1,541
521
1, 501
1, 470
571
1,423
1.499
522
1,529
Paperboard (National Paperboard Assoc.):
Orders, new
thous. sh. tons.Orders unfilled, end of month
do
Production, total
_
_ . do ...
Percent of activity.
-Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil. sq. ft. surf. areaFolding paper boxes, shipments, index of physical
volume
1947-49=100--
134. 40 P134. 40
1,322
427
1,328
1.383
461
1.378
89
90
9. 542
9, 044
124.0
87
89
8,186
8, 254
8, 082
9, 667
' 124.1
112.0
109. 4
130.8
73
91
91
134 40 pl34 40
1,433
485
1 . 479
1,338
445
1 . 367
8,977
91
94
8, 936
9,707
9 927
8, 570
11,170
10, 541
10,619
10,052
117.2
127.8
132.6
107,0
135.3
130.2
135. 7
P 125.5
36.96
63.81
29.26
.305
40.01
62 38
40. 65
.295
38. 13
63 07
36. 71
.274
78
95
92
98
95
84
1.381
473
1 , 354
91
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
__
_
thous. Ig. tons. _
Stocks, end of month
do
Imports, incl. latex and guayule. . _
do __
Price, wholesale, smoked sheets (N.Y.).__$ perlb..
Synthetic rubber:
Production
Consumption
Stocks, end of month
Exports
Reclaimed rubber:
Production
.
Consumption
Stocks, end of month
thous Ig tons
do
do _ _
do
,_
do
do
_______do___
39. 92
78.48
34.23
.385
119 70
89. 94
232. 02
28 74
24.40
23. 04
32. 02
34.45
68.64
.296
b
35.15
80.24
33. 75
.285
31.87
76.41
26.77
.294
105. 81
86. 20
236. 25
26 29
101. 24
77.73
233. 04
26 38
22. 53
22.05
33. 10
19.72
18.55
33.49
31. 85
77. 28
39.08
.289
l!6 83
90-51
243. 71
104. 66
80. 42
242. 79
23 50
21.71
20.58
32.11
20.02
19.76
32. 80
2
34.91
72.36
28. 74
,305
33.21
69.02
24.58
.305
35. 28
63.40
29.87
.325
35.88
67 87
34.84
.300
30. 02
70.22
34.24
.291
37.80
66.97
32.59
.300
112.58 108.45 2112.79
82.81
86. 01
90.56
235. 63 2251.27 248. 87
22 94
27 98
23 50
107 49
92 71
243. 17
20 13
111.03
78.36
253. 44
21 92
114. 94
97.40
239. 84
27 87
21. 32
20.74
31.59
25. 12
21 98
32. 60
19.11
17.30
33.27
22.50
20 59
33.04
21. 82
20. 56
32.70
23.32
21.99
31.66
116
93
240.
22
fiO
64
87
90
133
105
242.
24
79
03
94
72
129
99
244.
24
36. 23
67.98
,278
62
48
89
42
138 42
96 21
254. 31
21. 62
19 86
30.35
20.59
20 30
31.83
23 44
22 21
31.69
19 47
20 79
30.03
.280
TIRES AND TUBES
Pneumatic casings:
Production
Shipments, total
Original equipment
Replacement equipment
Export - _ _ _ _ _ .
,
9,987
8,804
9 221
8 591
9, 212
8,882
9,604
9 919
8,881
10 345
9 893
11 150
10 329
do
do
do
do .
9,976
3 350
6, 482
143
7, 650
3 087
4,452
112
9,130
2 449
6, 590
91
7,004
2 191
4, 722
92
9,166
2 448
6,595
123
10, 232
2 934
7, 202
96
11,192
3 377
7,716
99
11,709
3 123
8,473
113
9,598
2 023
7,490
84
10 269
1 928
8,215
126
9 988
2 620
7,239
130
11 109
3 429
7,518
162
9 739
3 841
5,790
109
_ do _
___do
26, 558
27, 540
27, 682
29, 338
29, 385
28, 033
26, 503
24, 800
24, 098
24 127
24 096
24 195
24 916
85
66
do
do
do _ _
do
3 415
3, 399
10, 324
3 560
3,435
9,096
3 232
2, 903
9, 458
thous
,_.
Stocks, end of month
Exports (Bur. of Census)
Inner tubes:
Production
Shipments
Stocks, end of month
Exports (Bur. of Census)
_
__,
117
107
88
2 913
2,817
11,034
110
79
3 208
5,076
9,394
57
83
3 140
3. 277
9,246
r
Revised, p Preliminary. l Date for indicated items exclude estimates for tissue and
miscellaneous papers.
2
Data for stereo and other elastomers (except polyurethane rubbers) are included
as follows: Production, beginning May 196.1; consumption, Jan, 1961; stocks, Apr. 1961.
9 Data exclude estimates for "tissue paper/'
75
96
3 359
3,588
9,014
82
85
2 939
2,902
9, 096
80
79
3 190
2,795
9,487
77
76
2 838
3,323
8,948
58
83
2 733
3,046
8,641
58
79
3 211
3,192
8,700
58
91
3 081
2, 856
8 890
64
76
54
d1 As reported by publishers accounting for about 75 percent of total newsprint consumption in 1961.
b
« Revisions for 1960 (units as above): Oct., 335; Nov., 278.
Based on total including
stereo and elastomers for the full year.
SURVEY OF CURRENT BUSINESS
-38
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960 | 1961
1-960
Monthly
average
Dec.
Februarv 1962
1961
Jan,
Feb.
Mar.
Apr.
May
June
1962
July
Aug.
Sept.
Oct.
Nov. i Dec.
32, 348
87
35, 681
27. 625 23, 393
77 i
63
25, 6'j2 17, 505
28 437
16, 204
30 370 i 36 ?70
16.913 \ 19.531
Jan.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production, finished cement
Pcrccnt of capacity _ .. .
Shipments, finished cement
Stocks, end of month;
Finished
Clinker
CLAY CONSTRUCTION
thous. bbl.. 26, 588
. .
75
thous. bbl. 26, 244
do
do
26, 950
74
26, 891
20, 505
56
15,116
16, 744
46
14.302
15. 038
45
14.447
21.851
59
22. 148
26, 463
74
24, 752
31,102
84
31,313
31,594
88
34,030
32,511
88
31,980
33, 262
89
37, 376
31,474
87
33, 468
35 863
24. 984
35 525
20. 954
37 939
25. 952
38 531
29, 763
38 237
32. 250
39 999
32, 380
39 789
30, 999
37 346
28, 960
37 889
26. 189
33 768
21,958
31 785
18. 704
541.8
40 7
154 5
342.4
32 5
108. 1
341.6
32 0
114.6
322. 8
27 1
90. 2
483.2
37. 4
128. 0
535. 6
40 6
147. 6
625. 3
40.7
165. 9
640. 4
38 3
178.7
606.5
37.2
161,2
665.4
39 9
180.7
594. 2
36 4
165.6
•' r646 8
4l i
174 4
551.9
37. 1
132. 8
33 9
31 9
30.8
28 3
34.8
33.3
39. 1
39.8
37, 4
40 4
35 9
39 4
37.7
19 4
16 6
15. 0
19. 1
18.0
20. 0
21.0
18.1
22 6
20 6
20 8
20.0
141.4
141.4
141.2
141.2
141.2
141.4
141.7
142. 1
142.0
142.0
35 512
25. 516
r
PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil standard brick
Structural tile except facing
thous sh tons
Sewer pipe and fittings, vitrified
do
Facing tile (hollow), glazed and unglazed
mil brick equivalent
Floor and wall tile and accessories, glazed and unglazed
mil sq ft
Price index, brick (common), f.o.b. plant or N.Y.
dock
, _.
..
.
1947-49 = 100
141. 2
141.7
141.6
141.4
142.0
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments (qtrly. total and qtrly,
average)
thous $
Sheet (window) glass shipments
do
Plate and other flat glass shipments
do
Glass containers:
Production
59 906
22, 333
37. 573
75 964
31 076
44. 888
70 524
26 662
43 863
60 996
26, 204
34. 792
67 712
30 631
37, 081
_ _ _ thous. gross. . 13, 358
13, 959
11, 156
12. 287
12. 520
15. 171
13, 538
14. 127
15, 243
14, 644
lf>. 521
13. 815
14. 808
12.859
11.972
12, 890
Shipments domestic total
do
General-use
food:
1,469
J\T arrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars)
thous. gross. . 3,698
13,659
11,307
11,472
11. 178
17,472
10,951
13. 547
15,684
13,018
17, 939
13, 636
13. 927
12. 904
12. 178
1,016
1,492
998
1, 126
1.112
2, 161
1,128
1,186
1,402
1,311
2, 515
2,341
1,421
1,190
3,919
3, 219
3,444
3, 247
4, 809
2,687
3,423
4,051
3, 889
5. 456
4,154
4. 287
3. 928
3, 657
596
1,086
1 200
1.068
2. 338
1.422
950
1.586
1, 151
1,310
2, 309
1,243
1, 756
3.189
1.360
1, 269
1, 979
1 045
1 048
2,113
1 456
749
1 , 51 5
1 257
776
1. 464
1 655
814
1.380
1.397
1.131
1,512
1.173
2,801
995
141
4.039
1.434
201
2. 385
972
92
2. 994
985
97
2, 761
1,047
118
2. 483
928
114
3,941
1,220
190
2, 564
893
163
3.148
1,026
150
3. 122
2. 803
929 i
737
144 i
149
21.830
19.410
21,777
'?2 273
21,657
23. 070
21.529
21,225
21.871
21.526 ! 20.976
Beverage
Beer bottles
Liquor and wine
do
do
do
958
1,376
1 243
1, 006
1.803
1 287
965
1,273
1, 128
609
1. 163
1.089
Medicinal and toilet
Chemical, household and industrial
Dairy products
do
do
do
2,901
1,095
151
2, 992
1,016
142
2,631
915
178
2, 867
1.026
148
do
20, 705
21,463
20, 250
20, 613
Stocks, end of month
r
GYPSUM AND PRODUCTS
Crude gypsum, qtrly. avg. or total:
Imports
thous sh tons
Production
do
1 326
'? 459
1
, 509
9
358
850
•> 003
1 . 457
2 499
1.422
2 609
Calcined production qtrlv avg or total
2,148
1 , 957
1 . 732
2,178
2 282
915
71
887
71
743
65
997
64
1. 164
65
299
299
273
275
203
•)•>•)
276
277
281
303
477.6
1,458 6
59 4
408.0
1,452.5
51 3
360. 0
1.209.8
43 4
438.9
1,545.9
64 2
466. 9
1.689.4
63.8
do
Gypsum products sold or used, qtrly. uvg. or total:
TJncalcined uses
thous sh tons
Industrial uses
do
Building uses:
Plasters:
Base-coat
do
All other (incl Keene's cement)
do
Lath
\Vallboard
All other §
mil sq ft
do
do
i
TEXTILE PRODUCTS
APPAREL
Hosiery, shipments
Men's apparel, cuttings: Id71
Tailored garments:
Suits
Overcoats and topcoats
thous. doz, pairs, . 12,600
thous units
do
Coats (separate) dress and sport
do
Trousers (separate) dress and sport
do
Shirts (woven fabrics), dress and sport .thous. doz.
Work clothing:
Dungarees and wa/istband overalls
do
Shirts
do
Women's, misses', juniors' outerwear, cuttings:cf
Coats
thous units
Dresses
do
Suits
do
r
12, 360
13,016
14, 734
11,779
12, 727
14, 332
12, 381
17.331
14, 155
16.043
15. 580
12.361
1, 710
1200
1,484
140
1,460
172
11,795
i 225
1,580
344
1,620
504
i 1,550
i 545
936
456
1.788
676
i 1, 585
1470
1.744
360
i 1, 835
1345
1,696
244
1805
6, 290
1.805
796
6, 296
1.828
708
6,616
1,840
i 950
i 7, 780
11,970
940
7,312
1,592
1,040
8,096
1,768
1965
i 8, 135
i 1,975
544
6,368
1,432
964
8,960
2,012
1820
17,615
i 1,935
1,076
7,936
2,020
i 1, 160
i 7, 445
i 2. 285
1,112
7,016
1.984
i 310
1350
264
288
2, 467
20, 922
768
1.658
16. 848
682
11,640
1
1,786
435
1.589
373
841
8,262
1,942
923
7. 465
1.887
231
304
288
303
i 195
i 245
264
252
264
296
1280
i 350
264
304
308
296
i 280
i 285
236
236
340
324
1320
1330
320
320
1, 952
20,888
809
1 . 963
21.540
820
1,366
15,592
722
1,700
18,413
1 , 290
2,185
22,124
1.016
2. 137
28, 968
1,068
696
26, 512
499
1,077
24, 792
397
1,986
21,867
843
2,081
17,188
1,004
2,835
21, 759
1.035
2, 155
17, 642
582
2.576
21, 448
660
1.340
708
944
393
1,239
576
1,401
681
1,669
889
1, 288
712
Skirts_'_
.'
do
r
Revised.
i Data cover a 5-week period.
§Comprises sheathing, formboard, and laminated board.
14,012
1
rl
r
1,321
1,413
1.003
1.161
1,335
1,215
1.388
1.368
712
654
412
854
612
855
738
760
1 Data for Dec. 1960 and Mar., June, Sept. and Nov. 1961 cover 5 weeks; other months,
weeks,
c?Revisions for Jan. 1959-Aug. 1960 are available upon request.
1,565
753
SURVEY OF CURRENT BUSINESS
Febniarv 1962
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
j 1961
1960
Monthly
average
"
S-39
19 61
Jan.
Dee.
Feb.
Mar.
Apr.
May
June
1962
July
Aug,
Sept.
r
Oct.
N ov.
8 670
11 098
Dee.
Jan.
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive of linters):
Production:
Ginnings^
thous. running bales
Crop estimate, equivalent 500-1 b. bales
thous bales
Consumption^
Stocks in the United States, end of mo.,
total t
Domestic cotton, total _
._
On farms and in transit.
Public storage and compresses
Consuming establishments
Foreign cotton, total
. _ . __
1
13, 327
3
14. 052
228
720
037
037
'14. 449
'14,379
'3,714
9 148
'1.518
'70
13, 394 '15,869
13, 321 r 15, 780
3, 775 ••2,347
7, 740 11,907
1.800 ' 1.472
14 245
14, 172
1, 408
11, 107
1,057
73
028
1]
^30. 1
31 4
982
1
979
Exports
do
Imports
do
Prices (farm), American upland
cents per lb_.
Pr'ces, middling 1", avg 14 markets
do
74
'83
(5)
047
008
12 708
12, 703
1,073
9,823
1,807
05
11, 140
11,083
57
9 913
9, 801
509
7. 258
2,034
52
845
842
3
584
3
'27.7
30 1
' 27.0
30 4
r 4 llg
' 544
108
131
541
180
GOO
90
198
052
95
153
070
Spindle activity (cotton system spindles):4!
Active spindles, last working day, total thous. _ 19, 208
Consuming 100 percent cotton
do
17 589
19, 033
17,327
19,085
17 471
19, 022
17 450
19, 003
17 451
' 113
134
r
4
824
540
090
8 877
8,827
432
0 354
2.041
50
7 814
7 770
393
5 430
1,941
44
7, 103
7. 123
490
4. 749
1.884
40
' 28. 9 '30.0
31 4
31 1
387
0
'30.7
31 8
250
9
30.9
32 2
138
081
104
114
002
104
84
594
19, 058
17 430
19, 008
17 300
19.000
17 340
894
8,244
1,945
(5)
'28.8
30 2
thous bale^
do
do
4
795
31.0
32.2
Cotton linters:
Consumption^
Production
Stocks end of mo
2 083
080
2
12. 022 314.000
U4 304
4
712
do
do
do
do .
do
do
do ..
2
14. 205
14. 272
4
]13
4
4
875
004
18 003
17 894
7, 805
8 489
1, 540
109
10 034
10, 534
4,192
10 071
1, 071
100
15. 447
15, 354
1,932
11, 004
1,758
93
301
402
2
33. 1
33.0
31.8
33. 0
847
710
19 920
19.825
13, 821
4 210
1,788
95
18 800
18,701
12,231
4 870
1,000
105
300
1
31.4
32 0
045
92
32.0
33 1
322
24
32.8
33 4
33.9
33 0
4 133
50
517
39
471
105
43
385
4 120
105
357
119
222
429
18, 906
17 297
18.992
17 279
19,005
17 270
19, 102
17 344
19.089
17 313
r 4
130
'231
' 519
30.4
33. 0
109
193
559
COTTON MANUFACTURES
Spindle hours operated, all fibers, total
Average per working day
Consuming 100 percent cotton
mil.. 10. 039
do
404
do
9. 190
Cotton yarn, natural stock, on cones or tubes:
Prices, f.o.b. mill:
^0/2 carded weaving
$ per Ib
30/2. combed, knitting
. . _ do
. 938
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production, qtrly. avg. or total- ..mil. lin. yd_
2. 341
avg weekly production
\To weeks' prod
Inventories, end of mo., as compared
with avg.
weekly production
^STo weeks' prod
Imports
do
Mill marginsf
cents per Ib
Prices, wholesale:
Denim, white back, 10 oz./sq. yd.
cents per vd
Print cloth, 39 inch, 08 x 72
do
Sheeting class B, 40-inch, 48 x 44-48
do
005
13 0
9,804
452
8,928
.047
. 920
4
8, 940 Ul. 190
447
448
8 190 4 10. 253
10, 253
410
9. 420
8, 700
438
8. 051
042
.924
042
. 910
.909
4
029
034
.911
9, 090
455
8. 330
9.312
400
8.514
041
.911
041
.914
2,253
2, 243
4
4
1 1 , 259
450
10, 203
7. 530
370
0. 798
9,550
478
8, 058
641
.910
041
.924
.041
.929
4
4
4
19,017
17, 205
19,009
17, 181
11. 872
475
10, 753
8,875
444
8,019
1 1 .579
403
10,525
9, 085
484
8.782
000
.934
. 005
. 94 1
. (505
'. 953
P 005
P. 958
4
2.199
2,310
11.8
9 9
10 1
10 9
11 9
11 0
11 0
11 4
15 2
12.3
12 2
11 5
11.2
11.9
5.5
0 2
0 0
5 9
5 8
5 7
5 0
5 7
7 0
5.2
5 0
4.8
4.8
5.0
40 810
35 294
42 327
20 320
41 051
20 618
43 913
20 808
38 473
10 477
34 435
20 704
39 971
14 338
20 837
10 934
43 907
22 219
40 833
17 0°0
40 518
21 280
39 720
23 306
30 544
37 908
29. 89
24.49
20 01
26 05
25 37
24 32
24 00
23 08
23 51
23.43
23.94
24.02
24.97
24. 99
24.90
38 2
17.4
17 2
38.3
15.1
10.3
38 3
15 1
10 5
38 3
15 0
10 5
38 3
15 0
10 3
38 3
15 0
10 0
38 3
15 0
15 9
38 3
15 0
15 9
38 3
15 0
15 9
38 3
15.0
15 9
38 3
15.3
10.3
38 3
15 3
10 5
38 3
15.3
10 8
38.3
15.3
16.8
^38 3
p 15.3
p 10 8
57 5
33 0
~ 7 ~59~2~
' 37.6
24. 85
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. avg. or total
mil. l b - _
Filament yarn (rayon and acetate)
do
Staple
incl tow (ravon)
do
T
\ oncellulosic (nylon, acrylic, protein, etc ) do
Textile glass fiber (exc. blown glass wool and
pack)
mil Ib
Exports:
Yarns and monofilaments
Staple tow and tops
Imports:
Yarns and monofilaments
Staple tow and tops
thous Ib
do
455. 7
103 0
78 5
109.3
418.8
140 1
77 9
157 9
440.4
148 2
90 0
170 2
407.8
154 0
92 5
188 7
44.3
30. 9
32 0
32 0
0 005
3 020
0,243
3 700
8 178
3 029
5 901
3 029
0 401
4 030
8 040
3 370
0 444
3 201
4 421
5 216
7 059
4 210
5.412
4,035
0 070
3 250
7, 405
4, 552
8, 230
4, 274
379
444
495.
100
103
189
5
7
1
0
7
7
42. 7
do
do
5 142
230
4 320
270
3 323
3 070
490
2 872
527
2 277
504
1 870
519
2 029
599
2 045
555
2, 095
777
2 591
663
4,886
757
5, 600
mil Ib
do
03 4
50 1
05 2
53 9
03 0
57 4
59 8
58 4
57 8
01 3
58 4
01 3
59 9
57 0
60 8
50 3
63 1
58 0
59.1
55 3
52 3
51 2
48 6
43 4
45.9
40-3
$ per Ib
do
82
29
82
28
82
28
82
28
82
27
82
27
82
20
82
20
.82
20
82
?0
82
20
82
26
82
27
Manmade fiber broadwoven fabrics:
Production qtrly avg or totalj9 mil lin yd.
Rayon and acetate (excl tire fabric)
do
N"ylon and chiefly nylon mixtures
do
Polyester and chiefly polyester blends* do
594 2
358 0
78 5
100. 2
577 3
338 3
72 1
117.0
12.871
12. 404
Stocks, producers', end of mo.:
Fi'amerit yarn (rayon and acetate)
Staple incl tow (rayon)
Prices, rayon (viscose,):
Yarn filament 150 denier
Staple 1 5 denier
Exports, piece goods
thous. sq yd
.82
.20
571
341
05
117
7
0
0
2
590
370
01
102
354 9
03 5
102 4
8
9
4
2
11 331
13, 410
11.334
11 188
10 040
9 532
10, 758
11,014
13, 207
12, 297
573
Imports, raw
.
thous. Ib
423
509
342
5.20
Price, raw, AA, 20-22 denier
$ p e r l b _ . 4.00
5.14
4.78
5.03
Production, fabric, qtrly. avg. or total
0, 785
thous. lin. vd_- 0 791
r
Revised. 4 » Preliminary.
1 Total crop for year. 2 Ginnings to Dec.
13. 3 Ginnings
to Jan. 15.
Data cover a 5-week period. 3 « Less than 500 bales. 6 Dec. 1 estimate of
1901 crop.
7 Data are for month shown.
Revision: Aug. 1900, 32.3.
§Total ginnings to end of month indicated, except as noted.
f Data for Dec. 1900 and Mar., June, Sept. and Nov. 1901 cover 5-week periods; other
months, 4 weeks.
522
5.12
449
5.09
506
5.20
540
5.18
419
5.21
759
5.44
524
5.38
541
5.25
715
5.24
10, 907
p 82
v 20
SILK
5. 781
5.309
p 5. 08
5.736
{Revisions for 1959 are available upon request.
f Revised series. See note in the Sept. 1901 SURVEY; data for Aug. 1957-June 1960 are
available upon request.
9Includes data not shown separately. *New series (Bureau, of Census); data for
1954-60 are available upon request.
SURVEY OF CURRENT BUSINESS
S--40
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960 | 1961
1960
Monthly
average
Dec.
February 1062
1961
Jan.
Feb.
Mar.
Apr.
May
June
1962
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
TEXTILE PRODUCTS- Continued
WOOL
Wool consumption, mill (clean basis) :^t
Apparel class ... _ __
thous. lb
20, 356
13, 555
Carpet class
do
Wool imports, clean content
_ . do - 19, 597
8,202
Apparel class, clean content., _ _ ._
do
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
$ per lb_. 1. 165
1.070
Graded fleece, % blood _.. ___ _
__do
1.166
Australian, 64s, 70s, good topmaking
do
21, 907 1 17, 398
12 254 '13 986
14, 953
7, 606
16, 865
12 090
21,547
9,516
1. 125
1.025
1.075
1. 125
1.025
1.075
1.125
.988
1.075
97.2
96.0
94.7
1.184
1.032
1.110
17,910 i 22, 598 20, 144
11,457 1 11,954 10,198
18, 975 24, 430 22, 706
7.305 11,904 12,078
22, 799
10,641
20, 851
10, 238
1.125
.975
1.075
1.150
.992
1.100
1.210
1.020
1.125
93.5
94.7
99.7
1
1
27, 206 19, 107
12,925 9,294
20, 490 24, 648
10, 134 12, 223
22, 430
13, 146
19, 551
8,357
1.200
1.022
1.125
1.201
1.010
1.125
1.228
1.052
1.125
99.7
99.7
99.7
1
25,
1
723
15, 029
20, 492
8,962
21, 709 1 26, 491
13, 876 1 14, 629
25, 039 17,219
9,690 9,564
19, 902
11 811
1.230
1.075
1.125
1.208
1.075
1.125
1.200
1.075
1.125
1.200
1.075
1.125
98.5
97.2
97.2
96.0
104.9
90.8
104.9
90.8
104.9
90.8
1.200
1. 07f>
1, 125
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, Bradford
system, wholesale price
1947-49=100
Woolen and worsted woven goods, exc. felts:
Production qtrly avg or total
thous lin yd
Apparel fabrics total
do
Women's and children's
do
Prices, wholesale, suiting, f.o.b. mill:
Flannel men's and bo v's
1947-49—100
Gabardine, women's and children's
do
101.2
97.2
107.2
92.3
62, 888
61,758
35, 821
59 049
57, 523
33 742
71 614
70 189
40 668
104.0
90.8
106.3
90. 8
104.0
90.8
104.0
90. 8
104. 0
90.8
78, 479
77, 232
46, 270
104.0
90.8
103.1
90.8
103. 1
90.8
74 311
72, 830
47 548
103.1
90.8
103.1
90.8
104.9
90.8
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLESA
Orders new (net) Qtrly avg or total
mil $
IT S Government
do
Prime contract
do
Sales (net), receipts or billings, qtrly. avg. or total
mil $
U S Government
do
2 787
2 235
2 515
3 333
2, 439
3 078
3,525
2 708
3 115
3 549
2, 740
3 833
2, 897
3 635
2. 800
14,190
ll,387
5, 049
r 1.446
14, 080
10, 985
5. 700
1.414
4 074
Backlog of orders, end of year or qtr 9
do
U B Government
do
\ircraft (complete) and parts
do
Engines (aircraft) and psrts
do
Missiles, space vehicle systems, engines, pro-
15,321
12 056
6 089
1 506
14. 559
11, 551
5, 780
1 . 495
4 600
4 5'>8
r 4 207
Other related operations (conversions, modifications) products services
mil $
2 049
1,811
'1,857
/
*vi r e r 'ift (civilian)* Shipments (B
do
Airframe weight ®.thous. lb__
Exports
mil $
103 4
2, 347
44.8
r
1.752
82.3
2 100
36. 3
82. 1
1,996
20.2
81.8
1.915
28.3
83. 4
1 , 9S8
32.0
100. 2
2, 198
38. 6
114.7
2. 451
28.5
97. 5
2, 160
61. 6
67.7
1, 510
9.8
60.4
1,317
31.5
61.5
1,354
25.4
79.8
1,778
11.4
72.4
1,455
17.9
613. 9
587. 8
520. 7
507. 8
93. 2
80.0
485.9
402. 8
406. 6
395. 1
79.3
67.7
448. 2
419. 0
303. 2
351. 1
85.0
67. 9
526. 1
490. 3
425. 9
410.5
100. 2
79.8
547. 7
520. 8
453. 4
442.7
94.3
78.0
641.6
615. 0
539. 9
529. 4
101.8
85.6
681.8
644. 1
567. 6
557. 1
114.2
87.1
498.0
473.2
407. 3
400.0
90.7
73.2
243.5
224.2
172.8
168.4
70.7
55.7
451. 4
426. 6
367.4
359.8
84.1
66.8
638. 3
608. 3
545. 1
529.4
93. 1
78.9
754. 6
722. 3
646. 9
627. 7
107.7
94.6
MOTOR VEHICLES
759. 5 f i 733.3
720. 5
646. 7 p 2 628. 7
631.1
112.8 p 2 104.6
89.4
thous
do
_ do _
do
do
do
655. 8
625. 7
556. 2
544. 2
99.5
81.5
number
do
do
27, 656
10, 483
17, 173
30, 897
12, 343
18, 554
19, 927
10,315
9,612
20, 424
10, 496
9,928
27,314
13,464
13, 850
23, 176
9, 589
13, 587
23, 854
9,443
14,411
24, 247
7, 980
16, 267
28, 617
8,295
20, 322
20, 900
3,577
17. 323
17, 416
5,910
11, 506
19, 682
9,200
10, 482
22. 631
12, 658
9,973
do
__do
41,279
39, 271
29, 065
27, 443
26, 021
24, 293
23, 482
22, 099
24, 268
23, 173
22, 425
21, 684
26, 297
25, 336
23, 892
23, 472
20, 985
20, 313
19, 787
19, 673
22, 521
22, 127
28, 854
28, 344
26. 488
26, 005
do
do
do
4,875
2,916
545
3,133
1,879
389
3,045
1.738
531
3,098
1.817
768
4,175
2,460
603
3,838
2,102
582
4,210
2,304
533
4,679
2,753
526
3.757
2,259
515
4,858
3,018
406
4,360
2,782
245
5,323
3, 653
272
5,143
3,524
332
thous
do
do
548.1
41 6
78.6
544.3
32.3
73.2
413. 6
25.6
62.3
374. 9
26.8
59.3
480.1
34.1
72.5
496.1
33.2
74.3
544.0
34.9
85.2
572.0
37.0
81.0
500.5
33.8
83.9
470.6
35.1
82.0
370.5
33.3
74.6
549.6
32.5
82.9
557.9
28.9
81.6
number
do
do
4,776
3,124
1, 652
2,655
1,572
1,083
4,291
2,661
1,630
3,676
2, 422
1, 254
2,050 r 3, 895
2,202
849
1, 201 >• 1,693
2,933
1, 156
1,777
3,360
1,588
1,772
3,142
2,085
1,057
1,234 r 2, 403
764 r 1, 676
470
727
2,811
2,125
686
1,908
1,205
703
2,513
1.726
787
New orders
_
Equipment manufacturers, total
Railroad shops, domestic
_
do
do
- do-
2, 963
1,872
1,091
2,570
1, 602
968
2,174
1,484
690
1,383
631
752
1,607 r 1, 768
509 r 2, 762
1,098
r6
2,040
824
1,210
3,698
2,077
1,621
1,217
1,082
135
2,589 r 1, 454
2,431 ' 1,389
158
65
3,143
1,280
1,863
2,086 M, 113
944 r 3, 479
1,142
'634
Unfilled orders end of mo
Equipment manufacturers total
Railroad shops, domestic
do
do
do
31, 977
14, 758
17, 219
13, 462
4, 616
8,846
21, 070
6, 857
14, 213
IS, 894
5,023
13, 871
18, 429
4, 669
13, 760
15, 807
4,284
11, 523
13, 664
3,902
9,762
13,970
4,344
9,626
11, 830
3,341
8,489
10, 785
5,008
5,777
9,831
4,716
5, 115
10, 210
3,918
6,292
10, 373
3,642
6,731
11,984
5,405
6,579
15, 761
7,134
8,627
do
do
20
265
17
202
26
176
14
162
31
131
44
112
31
81
18
116
8
294
13
281
21
260
14
246
7
239
0
239
0
264
1,662
9.4
1, 607
8.8
1,662
9.4
1, 659
9.7
1, 654
9.9
1,650
9.6
1, 646
9.7
1,642
9.9
1, 638
9.3
1,628
9.3
1,624
9.5
1,621
9.4
1,614
9.1
1,613
9.0
1,607
8.8
Factory sales total
Domestic
Passenger cars, total _ _ „
Domestic
Trucks and buses, total.
Domestic
..
.
Exports total
Passenger cars (new and used)
Trucks and buses
Imports (cars trucks buses) totalcf
Passenger cars (new and used)cf
Production, truck trailers:
Complete trailers total
Vans
Chassis van bodies for sale separately
Registrations:©
New passenger cars
Fo^ei^n csrs
New commercial cars
556. 4
527. 3
461. 9
450.2
94.5
77.1
4,270
2, 648
462
4,748
3, 370
233
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments
_
Equipment manufacturers total
Railroad shops, domestic
Passenger cars* Shipments
Unfilled orders, end of mo
Freight cars, class 1 (AAR): §
Number owned end of year or mo
Held for repairs % of total owned
thous
r
2
Revised. » Preliminary. J Data cover 5 weeks.
Preliminary estimate of production.
^[See corresponding note, p. S-39.
{ Revisions for 1959 are available upon request.
AEffective with the -Tan. 1962 SURVEY, the qtrly. data reflect an expanded survey and
include companies developing, producing, assembling, etc., complete missiles and space
1,940
1, 066
874
5, 741 — _.
2,818
2,923
vehicles (and engines or propulsion units). Comparable data prior to Dec. 31, 1960, are
not available.
9 Total includes backlog for nonrelated products and services and basic research,
© Data include military-type planes shipped to foreign governments.
cfData cover complete units, chassis, and bodies,
OCourtesy of R. L. Polk & Co.; republication prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars.
INDEX TO MONTHLY BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
1-7
7, 8
9,10
10-12
Employment and population
Finance
Foreign trade of the United States
Transportation and communications
12-16
16-21
21-23
23, 24
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
24, 25
26
26-30
30, 31
Lumber and manufactures
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
31
3 2-34
35, 36
36, 37
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
37
38
38-40
40
INDIVIDUAL SERIES
Advertising
10, 11
Aerospace vehicles
.
40
Agricultural loans
16
Aircraft and parts
3, 13-15, 40
Airline operations
23
Alcohol, denatured and ethyl
25
Alcoholic beverages
8, 10, 26
Aluminum
33
Apparel
1, 3, 4, 7, 8, 10-15, 38
Asphalt and tar products
35, 36
Automobiles, etc... 1, 4-6, 8, 10, 11, 13-15, 19, 22, 40
Balance of international payments
2
Banking
16, 17
Barley
27
Barrels and drums
32
Battery shipments
34
Beef and veal
28
Beverages
4, 8, 10, 26
Blast furnaces, steel works, etc
13-15
Bonds, outstanding, issued, prices, sales,
yields
18-20
Brass and bronze
33
Brick
38
Brokers' balances
20
Building and construction materials. 8-10, 31, 36, 38
Building costs
9, 10
Business incorporations (new), failures
7
Business population
2
Business sales and inventories
4,5
Butter
27
Cans (tinplate)
32
Car-loadings
23, 24
Cattle and calves
28
Cement and concrete products
8-10, 38
Cereal and bakery products
8
Chain-store sales, firms with 4 or more and 11
or more stores
12
Cheese
27
Chemicals
4-6, 8, 13-15, 19, 22, 24, 25
Cigarettes and cigars
8, 10, 30
Civilian employees, Federal
14
Clay products
8, 38
Coal..
4, 8, 13-15, 22-24, 35
Cocoa
23, 29
Coffee.
23, 29
Coke
23,24,35
Communications
13-15, 19, 20, 24
Confectionery, sales
29
Construction:
Contracts.
9
Costs
9, 10
Employment, hours, earnings, wages
13-16
Highways and roads
9, 10
Housing starts
.
9
New construction put in place
1, 2, 9
Consumer credit
17, 18
Consumer expenditures
1, 2
Consumer goods output, index
3,4
Consumer price index
7
Copper
23, 33
Corn
27
Cost of living (see Consumer price index)
7
Cotton, raw and manufactures
7, 8, 21, 22, 39
Cottonseed cake and meal and oil
30
Credit, short- and intermediate-term
17, 18
Crops
3, 7, 27, 28, 30, 39
Crude oil and natural gas
4, 13-15,35
Currency in circulation
19
Dairy products
Debits, bank
Debt, U.S. Government
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drug stores, sales
3, 7, 27
16
18
11, 12, 17
16, 17, 19
16
26
3, 18-21
11,12
Earnings, weekly and hourly
14-16
Eating and drinking places
11, 12
Eggs and poultry
3, 7, 29
Electric power.
4, 8, 26
Electrical machinery and equipment
3,
5,6, 13-15, 19,22,34
Employment estimates
12-14
Employment Service activities
16
Expenditures, U.S. Government
18
Explosives
25
Exports (see also individual commodities)
1,
2,21, 22
Express operations
23
Failures, industrial and commercial
7
Fans and blowers
34
Farm income, marketings, and prices
1, 3, 7
Farm wages
16
Fats and oils
8, 29, 30
Federal Government
finance
18
Federal Reserve banks, condition of
16
Federal Reserve reporting member banks
17
Fertilizers
8, 25
Fire losses
10
Fish oils and
fish
29
Flooring, hardwood
31
Flour, wheat
28
Food products... 4-8, 10, 11,13-15,19, 22, 23, 27-30
Foreclosures, real estate
.
10
Foreign trade
21-23
Foundry equipment
34
Freight carloadings
...
23, 24
Freight cars (equipment)
4, 40
Fruits and vegetables
7, 8, 22
Fuel oil
...
35,36
Fuels
4, 8, 35, 36
Furnaces
34
Furniture..
3, 4, 8, 10-15, 17
Furs—23
Gas, output, prices, sales,, revenues
4, 8, 26
Gasoline
1,35,36
Glass and products
38
Glycerin
25
Gold
2,19
Grains and products
7, 8, 22-24, 27, 28
Grocery stores
11, 12
Gross national product
1, 2
Gross private domestic investment
1,2
Gypsum and products
8,38
Hardware stores
11
Heating equipment
8, 34
Hides and skins
8, 30
Highways and roads
9, 10
Hogs
28
Home Loan banks, loans outstanding
10
Home mortgages
10
Hosiery
•__.
.
38
Hotels
14, 15, 24
Hours of work per week
14
Housefurnishings
1, 4, 7, 8, 10-12
Household appliances and radios
4, 8, 11, 34
Housing starts
9
Imports (see also individual commodities)-_ 1, 21-23
Income, personal
2,3
Income and employment tax receipts
18
Industrial production indexes:
By industry
3,4
By market grouping
3,4
Installment credit
17,18
Installment sales, department stores
12
Instruments and related products
3, 13-15
Insulating materials
34
Insurance, life
18,19
Interest and money rates
17
Inventories, manufacturers' and trade
4-6, 11,12
Inventory-sales ratios
5
Iron and steel, crude and manufactures
3,
5,6,8,10, 19,22,23, 32,33
Labor disputes, turnover.
16
Labor force
12
Lamb and mutton
28
Lard
28
Lead.
33
Leather and products
3, 8, 13-15, 30, 31
Life insurance
18, 19
Linseed oil
30
Livestock
3, 7,8, 24, 28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
10, 16, 17, 20
Lubricants
35, 36
Lumber and products
3, 5, 6, 8, 10-15, 19, 31
Machine tools
34
Machinery
3,5,6,8, 13-15,19,22,34
Mail order houses, sales
11
Manmade fibers and manufactures_
8,39
Manufacturers' sales, inventories, orders
4-6
Manufacturing employment, production workers, payrolls, hours, earnings
13-15
Manufacturing production indexes
3,4
Margarine
29
Meats and meat packing ;
3, 7, 28
Medical and personal care
7
Metals
4-6,8,13-15,19,23,32-34
Milk
27
Mining and minerals
2-4,8, 13-15, 19, 20
Monetary statistics
19
Money supply
19
Mortgage loans
10, 16,17
Motor carriers
23
Motor vehicles
1, 4-6, 8, 10, 11, 13-15, 19, 22, 40
Motors and generators
34
National defense expenditures
1,18
National income and product
1, 2
National parks, visits
24
Newsprint
23, 37
New York Stock Exchange, selected data
20, 21
Nonferrous metals
8, 19, 23, 33, 34
Noninstallment credit
17
Oats
27
Oil burners
34
Oils and fats
8, 29, 30
Orders, new and unfilled, manufacturers'
6
Ordnance
13-15
Paint and paint materials
8, 25
Panama Canal traffic
24
Paper and products and pulp
3,
5,6,8, 13-15, 19,23,36,37
Parity ratio
7
Passports issued
24
Payrolls, indexes
14
Personal consumption expenditures
1, 2
Personal income
2, 3
Petroleum and products
4-6,
8, 11, 13-15, 19,22,23,35,36
Pig iron
32
Plant and equipment expenditures
2, 20
Plastics and resin materials
25
Plywood
31
Population
_
12
Pork
1
28
Postal savings
17
Poultry and eggs
3, 7, 29
Prices (see also individual commodities)
7, 8
Printing and publishing
4, 13-15
Profits, corporate
1, 19
Public utilities
2-4, 7-9, 13-15, 18-21
Pullman Company
24
Pulp and pulpwood
36
Purchasing power of the dollar
8
34
Radiators and cpnvectors
Radio and television
4, 8, 10, 11,34
Railroads
2, 13, 14, 16, 18-21, 23, 24,40
Railways (local) and bus lines
13- 15, 23
39
Rayon and acetate
Real estate
10, 17, 18
18
Receipts, U.S. Governments
7
Recreation
34
Refrigerators and home freezers
7
Rent (housing)
Retail trade
4, 5, 7, 9, 11- 15,17
27
Rice
36
Roofing and siding, asphalt
Rubber and products
4-6, 8, 13-15, 23,37
27
Rye
2
Saving, personal
17
Savings deposits
_„
Securities issued
_ 19, 20
Services
1, 2, 13-15
28
Sheep and lambs
Shoes and other footwear..
1, 8, 11, 12,31
8,39
Silk, prices, imports, production
19
Silver
30
Soybean cake and meal and oil
39
Spindle activity, cotton
32,33
Steel ingots and steel manufactures
32
Steel scrap
20, 21
Stock prices, earnings, sales, etc
12
Stocks, department stores
3-6,
Stone, clay, and glass products.
8, 13-15, 19,38
34
Stoves and ranges
23, 29
Sugar
25
Sulfur
25
Sulfuric acid
25
Superphosphate
29
Tea imports
Telephone, telegraph, cable, and radiotelegraph carriers
13-15, 19, 20,24
Television and radio__
4, 8, 10, 11,34
Textiles and products,. 3, 5, 6, 8, 13-15, 19, 22, 38-40
23,33
Tin
Tires and inner tubes
8, 11, 12,37
Tobacco and manufactures
4-8, 10, 13--15, 30
22,34
Tractors
Trade (manufacturing, wholesale, and retail)
4-6,,11,12
23
Transit lines, local
Transportation
1, 2, 7, 23, 24
Transportation equipment
3-6, 13-15, 19,40
24
Travel
40
Truck trailers
34,40
Trucks (industrial, motor)
Unemployment and insurance
12, 16
U.S. Government bonds
16-18,20
U.S. Government
finance
18
Utilities
2-4, 9, 13-15, 18-21, 26
Vacuum cleaners
Variety stores...,
Vegetable oils
Vegetables and fruits
Vessels cleared in foreign trade
Veterans' benefits
Wages and salaries..
Washers
Water heaters
Waterway traffic
Wheat and wheat
Wholesale price indexes
Wholesale trade...
Wood pulp
Wool and wool manufactures
Zinc
34
11, 12
29,30
7, 8, 22
24
16,18
.
flour
1, 3,14-16
34
34
24
28
8
4, 5, 12
36
7, 8, 23, 40
33,34
UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
WASHINGTON 25, D.C.
PENALTY FOR PRIVATE USE TO AVOID
PAYMENT OF POSTAGE, $3OO
(GPO)
OFFICIAL. BUSINESS
First-Class Mail
MAJOR BUSINESS INDICATORS: ANNUAL SUMMARY, 1956-61
Item
1956
1957
1958
1959
1960
19611
Item
National income (bil. $) 2
350.8
366.9
367.4
399.6
417.1
430.2
Gross national product, total (bil. $)
419.2
442.8
444.5
482.8
504.4
521.3
269.9
67.4
2.9
79.0
285.2
66.1
4.9
86.5
293.2
56.6
1.2
93.5
314.0
72.4
— .7
97.1
328.9
72,4
3.0
100.1
339.0
69.6
4.0
108.7
400.9
408 6
401.3
428.4
440.8
448 8
332.9
351.4
360.3
383.3
402.2
416.7
1957
1958
1959
1960
19611
Consumer prices (1947-49= 100) , ..
116.2
120.2
123.5
124.6
126.5
127.8
Wholesale prices (1947-49=100):
All commodities, combined index..
114.3
117.6
119.2
119.5
119.6
119. 1
121
111
128
116
102
126
124
121
126
129
124
133
133
130
134
134
129
139
99
100
93
105
108
109
100
100
99
100
94
100
100
100
100
100
92
87
100
91
105
105
102
110
95
115
108
104
113
97
123
109
103
117
98
131
501
2,617
493
2,617
410
2,449
412
2,575
416
2,575
396
3 2, 395
684.8
38.6
115
5,816
716.4
32.9
113
6,113
724.8
33.4
85
4,258
795.3
37.4
93
5,591
841.6
34.5
99
6,675
878 5
31.7
98
5,543
Prices— Continued
National Income and Product
Personal consumption expenditures. _ _
Gross private domestic investment
Net exports of goods and services
Govt. purchases of goods and servicesGross natl prod , total (bil 1954 dol )
Personal Income
Total (bil. $)
Wage and salary disbursements total
Commodity-producing industries
Distributive industries
Service industries.
Government
Other labor income
227 6
98.7
60 3
238 5
102.2
63 4
239 8
97.9
63.8
258 5
107.2
68 2
271 3
110.4
71.8
279 7
111.2
73 4
30.5
38.0
8.1
32.8
40.2
9.1
34.8
43.2
9.4
37.7
45.3
10.3
40.7
48.4
10.9
43.1
51.9
11.1
49.6
11 5
14.4
Proprietors' income -„
Rental income of persons
Dividends
43.7
10.9
12.1
44.5
11.9
12.6
46.1
12.2
12.4
46.3
11.9
13.4
Personal interest income
.
Transfer payments
Less personal contributions social insur .
17.5
18 8
5.8
19.6
21.9
6.7
21.0
26.3
6.9
23.6
27.2
7.9
26.2
29.1
9.3
27.3
32 9
9.7
368.1
386.2
399.4
Total nonagricultural income (bil $)
New Plant and Equipment Expenditures
All industries total (bil $)
Manufacturing
Durable goods industries
Nondurable goods industries
Mining _„
_ _.
Railroads
Transportation, other than rail
Public utilities
Commercial and other
Manufacturing and Trade Sales,
Inventories, and Orders
Sales total (bil $)
317.9
336.1
343.0
35 08
36 96
30.53
32 54
35.68
34 50
14.95
7.62
7 33
15 96
8.02
7 94
11.43
5.47
5.96
12 07
5.77
6 29
14.48
7.18
7.30
13 72
6.27
7 45
1.24
1.23
1.71
4.90
11.05
1.24
1.40
1.77
6.20
10.40
.94
.75
1.50
6.09
9.81
.99
.92
2.02
5 67
10.88
.99
1.03
1.94
5.68
11.57
.99
67
1.84
5 56
11.71
657 6
675 8
648.3
719 7
732.5
738 9
Manufacturing, total
Durable goods industries _
Nondurable goods industries
332.5
165. 7
166.9
340.6
169.9
170.7
314.7
148.6
166.1
356.8
174.1
182.8
365.0
176.2
188.7
369.3
174.7
194.6
Wholesale trade, total
Durable goods establishments
Nondurable goods establishments. __
135.3
52 8
82.5
135.2
50 4
84.8
133.1
47 3
85.8
147.5
55 4
92.1
148.0
53 3
94.7
150.7
51 4
99.3
Retail trade total
Durable goods stores
Nondurable goods stores .
_ _
189 7
65 8
123.9
200 0
68 5
131.5
200 4
63 4
136.9
215 4
71 7
143.8
219 5
70.7
148.8
218 9
67.4
151.5
Inventories, book value, end of year, unadjusted, total (bil. $)
87.7
89.6
84.3
89.8
93.1
94.6
Manufacturing, total.
.
Durable goods industries
Nondurable goods industries
52.5
30.6
21.9
53.7
31.1
22.6
49.5
27.9
21.6
52.9
30.3
22.6
53.9
30.8
23.1
55.3
31.4
24.0
Wholesale trade, total
Durable goods establishments
Nondurable goods establishments. __
12.9
6.3
6.6
12.5
6.4
6.1
11.6
6.0
5.7
12.6
6.4
6.2
13.2
6.6
6.6
13.5
6.7
6.8
Retail trade, total
Durable goods stores
Nondurable goods stores
22 2
10 0
12 3
23 4
10 9
12 5
23 2
10 2
13 0
24 4
10 7
13 7
26.0
11 7
14.3
25.8
11 0
14 8
339.9
173.3
166.6
327.1
157.0
170.1
310.8
144.5
166.4
361.5
178.2
183.3
358.8
170. 9
187.9
372.4
177.3
195.1
64.2
61 0
3.2
50.7
48 1
2.6
46.8
44 0
2.8
51.5
48 1
3.4
45.4
42.8
2.5
48.5
45 4
3.1
230
235
250
240
238
240
278
286
293
297
299
301
Manufacturers' orders (bil $):
New (net), total. ..
Durable goods industries
Nondurable goods industries
Unfilled, end of year, unadjusted
Durable goods industries
Nondurable goods industries
Prices
Prices received by farmers (1910-14= 100).
Prices
paid by farmers (incl interest,
taxes, and wage rates) (1910-14= 100)
Production
Farm marketings, physical volume,
total (1947-49=100)
Crops
Livestock and products. .
,__ _
Industrial prod., total (1957=100). ...
48.2
11.7
14.1
1956
Manufactures
Durable manufactures
Nondurable manufactures
Mining
Utilities
Selected commodities, production:
Coal, bituminous (mil. sh. tons)
._
Crude petroleum (mil bbl )
Electric power, industrial and utility
(bil kw-hr)
Lumber (bil. bd. ft.)
Steel (mil sh tons)
Passenger cars, factory sales (thous.)..
Construction
New construction, total (bil. $)
Private, total
_
Residential (nonfarm)
Nonresid., except farm and pub. util.
Public, total
Nonresidential building
Highway
45.8
47.8
49.0
456.6
55.6
57.4
33.1
17.7
8.8
12.7
4.1
4.4
33.8
17.0
9.6
14.1
4.5
5.0
33.5
18.0
8.7
15.5
4.7
5.5
<40.3
25.0
8.9
* 16.2
4.5
5.9
39.6
22.5
10.2
16.0
4.8
5.5
40.4
22.5
10.8
17.0
5.1
5.8
67.5
67.9
68.6
69.4
70.6
71.6
64.7
65.0
64.0
65.6
66.7
66.8
2.8
4 2
2.9
4.3
4.7
6.8
3.8
5.5
3.9
5.6
4.8
6.7
Civilian Labor Force
Total, persons 14 years of age and over,
monthly average (mil.)
,_
Employed, total
Unemployed
__ ._
Percent of civilian labor force
Employment, Payrolls, Hours
Employees on payrolls (nonagricultural
estab ), mo. avg., total (mil.)
52.4
52.9
51.4
53.4
54.3
54.1
Manufacturing
17 2
17.2
15 9
16.7
16.8
16.3
Wholesale and retail trade
All other
10.9
24 3
10.9
24.8
10.8
24.7
11.1
25.6
11.4
26.2
11.4
26.4
100.2
40.4
101.4
39.8
93.5
39.2
105.1
40.3
106,6
39.7
105. 2
39.8
42.3
31.6
44.8
33.7
45.0
33.5
51.3
39.0
55.8
42.6
57.1
43.2
276.6
274.9
282.9
290.8
290.2
296.2
71.0
60.1
72.3
61.9
68.7
59.0
5 72.7
63.1
579.5
68.7
578.2
68.4
67.2
41.2
71.7
44.4
75.8
45.7
«79.8
46.3
877.6
45.7
»84.5
48.2
31.8
222.0
111.4
82.2
31.8
227.7
110.3
89.1
32.2
242.6
115.5
98.3
32.6
246.6
115.4
101.8
32.9
252.9
115.1
108.5
33.9
269.9
119.9
120.7
19.1
12.6
20.9
13.0
17.9
12.8
17.6
15.2
20.5
14.7
20.9
14.4
Prod, workers on mfg. payrolls:
Payroll index (1957-59=100)
Average weekly hours per worker
Finance
Consumer credit (short- and intermediate-term), outstanding, end of year:
Total (bil $)
Installment
...
Federal finance (bil. $) :
Gross debt (direct), Dec. 31
Budget receipts and expenditures:
Receipts net
Income taxes
Expenditures, total
Major national security
Money supply, Dec. 31 (bil. $):
Currency in circulation
_
Deposits (adjusted) and currency, total
Demand deposits, adjusted
Time deposits . .
Foreign Trade
Exports, incl, reexports (bil. $)
General imports (bil. $)-
,
@FedFRASER