Full text of Survey of Current Business : February 1968
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FEBRUARY 1968 / VOLUME 48 NUMBER
CONTENTS
THE BUSINESS SITUATION
ILLS, Department of Commerce
Summary
1
National Income and Product Tables
3
Fourth Quarter Inventory Development
Investment Rises Substantially
7
Steel Production, Consumption, and Inventories
8
ARTICLE
Federal Programs for Fiscal 1969
Alexander B. Trowbridge / Secretary
Office of. Business Economies .
George Jaszi / Director
Morris R. Goldman Louis J. Paradiso
Associate Directors
Murray F. Foss / Editor
Leo V. Barry, Jr. / Statistics Editor
Billy Jo Hurley / Graphics
STAFF
11
TO THIS ISSUE ' . ,
Business Review and Features:
David R. Hull, Jr,
Dorothea S. Jones
Francis L, Hirt
Article:
Charles A. Waite
Sarah Ann Hulsey
Hermione Anglin
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index (Inside Back Cover)
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BUSINESS SITUATION
JL HE new year started with a sharp
pickup in consumer spending, which had
shown only a modest improvement from
the third to the fourth quarter despite
CHART 1
New Orders for Durable Goods
•;;Maicfiinery aiiH,Equipment,;
;pefepse
Products
' ' • > . . i .'i' ' l - ' - i ' : 'i. i .
i- -i
.„-; Autonjotiyej Equipment.
;
;C0hsucrier Durables::
' A H
Spurt in durable goods orders
frimary Metals
:
Csnstfuction;IVlaterialsan(t; Supplies'
'"• 1 ''.r: r'•'•!-!'•'• I- ..i'--'- I ' M
1964
1965
I i'
1966
Seasonally Adjusted Quarterly Average
artment of Commerce, Office of Business Economics
a large advance in disposable income.
Seasonally adjusted retail sales in January are estimated to have increased
significantly above the December rate,
according to preliminary reports. Not
only were automobile sales stronger but
sales in nondurable goods stores were
also considerably higher.
Personal income advanced in January
but much less than it had in the last 2
months of 1967, and nonfarm establishment employment showed little change
from December, primarily because bad
weather held down construction activity. Industrial output fell back a little
after very sharp gains in November
and December, when the auto industry
was recovering from the strike.
The reduction in auto output in January, which was due mainly to sporadic
walkouts, and recently announced cutbacks in first quarter production schedules suggest that the recovery in autos
will not add as much to the rise in
GNP in the first quarter as had been
thought. However, when allowance is
made for the special factors affecting
January developments, it would appear
that a sizable increase in aggregate
economic activity is in progress even
though its dimension cannot be
quantified.
1967
Doubts about the strength of demand
in manufacturing should be lessened by
recent changes in new orders. Orders
showed a very sharp rise in December
in both durable and nondurable goods
industries; in durables, every major industry reported a substantial gain,
which brought the total for the quarter
to a new peak, slightly above the previous high reached in the third quarter of
1966 (chart 1). Unfilled orders for durables at the end of December were $2%
billion above their level at the end of
September (seasonally adjusted) and
more than $3 billion above their level
at the end of 1966.
The improvement in new orders from
the third to the fourth quarter was pronounced in the case of durable goods
materials. The rise in primary metals
reflected mainly the pickup in steel demand (discussed below). Orders for construction materials showed their first
quarterly increase in over a year as construction activity continued to advance.
New orders for defense products,
which had declined in the third quarter,
moved up in the fourth almost back to
the second quarter peak. Aircraft orders,
a large and volatile component of this
series, were especially heavy in December as they had been in June and again
in October.
Demand for producers' durable equipment is rising but still lacks vigor.
Orders for machinery and equipment
improved in both November and December, but the total for the quarter
was below the third quarter total and
the very high rates of mid-1966.
Orders for consumer durables rose to
a record rate in December. Orders for
these goods were sluggish in the first
half of 1967 because stocks held by
distributors and dealers were heavy;
with inventory positions improved by
midyear and consumer demand advancing slowly but steadily, new business
1
SURVEY OF CUKKENT BUSINESS
received by manufacturers has gained
considerably in the past two quarters.
Personal income up
After unusually large advances of
$6% billion in November and $7 billion
in December, personal income rose only
$2 billion in January to a seasonally
adjusted annual rate of $651 % billion.
Special, nonrecurring factors were
partly responsible for the wide variation
in the size of the monthly increases.
The recovery from the strike bolstered
private payrolls in November, and in
December, Government payrolls were
CHART 2
New Domestically Produced Cars
Million Units
; 'DEALERS^ SALES
TO
5 I i=i t > i tVi iVt 1 1 1 n 11 tt.t i't Inn i I't i 111.11'n n h 11 n I1 t i t .I i.'. 1 1 1 1 i rn I....
1963
64
65
66
67
68
Monthly, Seasonally Adjusted
at Annual Rates
U.S. Department of Commerce, Office of Business Economics
6?
temporarily swollen by the lump-sum
payment of the retroactive portion of
the pay raises for military personnel and
Federal civil service employees.
Total wage and salary disbursements
declined about $% billion from December to January mainly because Government payrolls returned to a more
normal level. Private payrolls were up
February 1968
nearly $2 billion last month, after a $3 ment, the service industries, and retail
billion increase in December; the ad- trade.
The Nation's unemployment rate fell
vance slowed because of a reduction in
to
a 14-year low of 3K percent of the
construction payrolls and a slower rate
of gain in manufacturing. Payroll civilian labor force in January, after
incomes in the distributive and serv- seasonal adjustment. Although the reice industries continued their steady duction from December may have been
influenced by random developments,
advance.
Nonpayroll incomes generally showed there can be little doubt that there has
small gains, although dividend pay- been a very distinct improvement in
ments rebounded considerably from the unemployment situation since early
December, when they were depressed last fall, when the overall rate was
because of a reduction in yearend extras. above 4 percent. Decreases in rates have
Personal contributions for social insur- occurred for virtually all occupational
ance, which are deducted to arrive at and industrial categories.
personal income, increased $1% billion
in January because the taxable wage Auto sales improve
After a somewhat disappointing Debase for workers covered by Social
cember,
dealers' sales of new domesSecurity was raised from $6,600 per
tically
produced
automobiles rose to a
year to $7,800.
seasonally adjusted annual rate of more
Employment little changed
than 8 million units in January (chart
2).
Sales were at a 7.8 million rate in
Most of last month's advance in priDecember
and had fallen below 7
vate payrolls was attributable to higher
million
in
November.
Sales in January
average hourly earnings since hours of
may
have
received
a
fillip
from special
work declined and employment changed
promotions.
Dealers
started
off the
little from December, after seasonal
new
year
with
larger
and
more
balanced
adjustment. Employment was depressed
by a very large cutback in the contract stocks than in many months. Inconstruction industry. Unusually cold ventories at the beginning of 1968, at
weather during the first 3 weeks of l}{ million units (seasonally adjusted),
January slowed building projects; as a were higher than at any other time
result, the number of employees on since the end of June 1967. Stocks rose
construction payrolls, which normally above the 1.3 million mark by the end
declines by about 200,000 persons from of January and represented 1.9 months
December to January, fell by 325,000 of sales at the January sales rate.
This was somewhat below the ratio
this year.
An advance of nearly 45,000 persons that prevailed in 1966 and well below
in January brought seasonally adjusted the ratios of early 1967, when sales
employment in manufacturing close to were depressed.
the peak reached a year earlier. Much Rise in payments deficit
of the latest monthly rise was concenThe U.S. balance of payments positrated in the machinery and equipment
tion deteriorated sharply from the third
industries; a 25,000 increase at nonto the fourth quarter of 1967. Measured
electrical machinery plants reflected
mainly the settlement in early January on the liquidity basis, the fourth quarter
balance was adverse by $1.8 billion,
of a 39-day strike against a major
seasonally adjusted, as compared with a
producer of agricultural implements.
Industries other than construction third quarter deficit of $650 million.
Measured on the official reserve transand manufacturing generally reported
actions basis, the fourth quarter balance
higher levels of employment in January
was adverse by $1.2 billion, as comthan in December. The largest in(Continued on p. 10)
creases were in State and local govern-
SURVEY OF CURRENT BUSINESS
February 1968
NATIONAL INCOME AND PRODUCT TABLES
1966
1967
III
II
IV
1967
1966
1967
1966
III
IV
1966
1967
III
II
IV
III
IV
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Billions of 1958 dollars
Billions of current dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.19 1.2)
Gross national product.
Personal consumption expenditures— . __ _
Durable goods..
Nondurable goods _••"
Services.. _ _ _ _ __ _
Gross private domestic investment
Fixed investment
743 3
785 0
748 8
762 1
766 3
775.1
791 2
807 3
652 6
669. 3
654.8
661.1
660.7
664.7
672.0
679. 6
465.9
491.7
470.1
473.8
480.2
489.7
495 3
501.8
418.0
430.1
420.4
420. 4
424.2
430.6
431.5
434. 0
70 3
207 5
188 1
72 l
217 5
202 1
70 9
209 5
189 8
70 6
210 3
192 9
69 4
214 2
196.6
72 5
217 2
200 0
72 7
218 5
204 1
73 8
220 3
207 7
71 3
187 7
159.1
72 1
193 0
165.0
71 9
188. 8
159.8
71.1
188.4
160.9
69.7
191. 8
162.6
72.9
193.6
164.1
72. 7
192.8
166.0
73.0
193.6
167. 4
118 0
112 1 116 4
122 2
110 4
105 1
112 2
120 8
105 6
96.9
103 6
108.4
96.9
91.3
96.4
103.0
111 6
93 0
92 1
93 0
91.2
90.2
90.9
92.9
94.4
73 0
21 8
51.2
73 6
23.7
49.9
74. 2
23.0
51.2
73.0
22.9
50.1
72.6
21.7
51.0
73.2
21.5
51.7
73.3
21.4
52.0
104 9
103 7
82 6
26 8
55 7
81 2
28 2
53.1
82 8
27 7
55.1
81 9
27 7
54.2
81 5
26 3
55 2
82 8
26 6
56 2
84 0
26 7
57 3
72 8
23 6
49.2
24 4
23 g
5
24 4
23 9
6
23 7
23 2
5
20.9
20 4
5
21.4
20 9
6
23 1
22 5
6
25 6
25 0
'g
27 6
27 0
6
20.2
19 7
5
19.1
18 6
.5
19.4
19 0
.5
17.0
16. 5
.5
17.3
16.8
.5
18.3
17.8
.5
19.7
19.2
.4
21.0
20.6
.4
13 4
13 7
3
52
48
4
11 4
12 0
— 5
18 5
19 0
— 5
71
73
_ 2
5
6
— i
38
34
4
9 2
77
15
48
4.4
4
10.6
11.1
— 5
17.2
17.7
— .5
6.7
6.8
— .2
.4
.5
-.1
3.5
3.2
.4
8.7
7.2
1.5
51
48
4 6
4.3
53
5.3
54
3.0
12 6
12 9
— ^
4.4
3.6
4.1
3.2
4.1
4.1
4.2
1.9
104 6
Nonresidential.
Structures..
Producers' durable equipment
80 2
27 9
52 3
Kesidential structures
Nonfarm
__
Farm—
__
Change in business inventories
Nonfarm...
Farm
___ _
Net exports of goods and services
Exports..Imports
_______
_
:_
Government purchases of goods and services..
Federal...
National defense
Other
__
•__
State and local
107 0
103 3
104 6
108 4
43 0
37 9
45 3
40 6
43 7
39 0
44 0
39 7
45.3
39 9
45 1
39 8
45 6
40 2
45 4
42 4
40.8
36 4
42.5
38 9
41. 4
37.3
41.2
38.0
42.4
38.3
42.3
38.2
42.8
38.6
42.5
40.7
154 3
176 3
157 7
161 7
170 4
175.0
178 2
181 7
124 5
138. 7
126.6
129.1
135. 5
138.7
139. 9
140.7
77 o
60 5
16 5
89 9
72 5
17 4
79 5
63 0
16 6
81 5
65 6
15 9
87 1
70 2
16 8
89 5
72 5
17 0
90 9
73 3
17 6
92 2
74 2
18 0
64 7
74.1
66.4
67.8
72.3
74.4
75.1
74.7
77 2
86 4
78 1
80.2
83.3
85 4
87 4
89.5
59.9
64.6
60.1
61.3
63.2
64.3
64.9
66.0
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product
743 3
Final sales
Change in business inventories
_
Goods output-..
729 9
13.4
785. 0
748 8
762 1
766 3
775.1
779 8
5.2
737 4
11.4
743 6
18.5
759 2
7.1
774 6
5
791 2
807.3
652 6
669. 3
654. 8
661.1
660.7
664.7
672. 0
679.6
787 4
38
798 1
9.2
639 9
12.6
664.5
4.8
644.2
10.6
643.9
17.2
654.0
6.7
664.3
.4
668.5
3.5
671. 0
8.7
379 6
396 0
381 8
391 7
388 1
392 1 398 7
405 2
353 7
361 4
354 7
361 1
356 6
359.5
362.9
366.5
366 2
13 4
390 8
52
370 3
11 4
373 2
18 5
380 9
7.1
391 6
5
394 9
38
396 0
92
341 0
12.6
356 6
4.8
344.1
10.6
343. 9
17.2
349.9
6.7
359. 1
.4
359.4
3.5
357.8
8.7
Durable goods— _ _ _
Final sales-____ _ _ _
Change in business inventories .
154 6
144 7
99
158 5
155 7
2 7
155 7
145 8
99
161 1
148 3
12 8
153 9
150 5
34
155 5
156 0
— 6
161 4
157 9
35
163 1
158 6
4 5
150 0
140 6
93
150 2
147 8
2.4
150 8
141 6
9.2
154 2
142. 3
11.9
146 6
143.6
3.0
148.3
148. 9
-.6
153. 0
149.8
3.2
152.9
148.8
4.1
Nondurable goods • _
Final sales
__ ___
Change in business inventories
225 0
221 5
35
237 5
235 1
25
226 1 230 6
224 5 224 9
15
57
234 2
230 5
37
236 6
235 5
1i
237 3 242 1
237 0 237 4
3
47
203 7
200 4
33
211. 2
208 8
24
203. 9
202 5
1.4
206. 9
201.6
5.3
210.0
206.3
3.6
211.2
210.2
1.0
209.8
209.5
.3
213.6
209.0
4.6
287 2
311 2
291 6
303 1
307 8
313 5
320 3
235 2
245 8
237 9
239 8
242 7
244.4
246.9
249.2
61.3
60.8
62.3
64.0
Final sales.....
_
Change i n business inventories. _ _ _ _ • ' _ _ '
Services
Structures
76 5
77 8
75 5
296 9
73 5
75 2
75 2
79 0
81 8
63 7
62 1
62 2
60.2
Table 3.-^Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Private
___
Business....
Nonfarm
Farm
Households and institutions....
Rest of the world.
General government
743 3
785 0
748 8
666 7
699 6
670 6
642 4
617 6
24 g
673 7
649 7
24 0
646 2
621 6
24 6
20 1
21 5
42
76 6
4 5
85 3
807 3
652 6
669 3
654 8
661 1
660.7
664.7
672.0
679.6
705 2
718 7
597 5
610 2
599 0
604 2
602 7
606.0
612 5
619.6
679 0
654 6
24 4
691 9
667 1
24 8
578 9
556 4
22 4
590 6
566 6
24 1
580 2
558 0
22 2
585 1
562 7
22 4
583.6
559 9
23.7
586.6
563 0
23.6
592.7
568.4
24.2
599.6
574. 9
24.7
22 1
14 7
15 3
14.8
14.9
15.1
15.3
15.0
15.6
4 5
4o
4.3
4.0
4.0
4.8
4.4
57.9
58.7
59.6
60.0
766 3
775 1
681 9
683 9
690 9
656 9
633 0
23 9
658 7
635 1
23 6
665 3
641 9
23 3
20 3
20 6
21 1
21 4
41
4 4
21 2
49
78 2
762 1
80 2
41
82 5
4 2
84 2
791 2
86 0
88 6
55 0
43
59 1
40
55 8
56 9
SURVEY OF CUEEENT BUSINESS
1966
1966 1967 v
III
February 1968
1966
1967
IV
I
II
III
IV*
1966 1967 v
Seasonally adjusted at annual rates
Equals : Net national product
63.5
67.0
63.9
64.7
65.5
66.4
67.6
Less: Indirect business tax and nontax
65.1 69.7 65.9 67.0 67.9 69.1 70.2
liability .
2.8
2.8
2.8
2.8
2.8
2.7
2.7
Business transfer payments
—2.6 —2.4 —3.2 -3.8 -4.0 -2.8 -1.2
Statistical discrepancy
Equals * National income
Less: Corporate profits and inventory
valuation adjustment
Contributions for social insurance
Wage accruals less disbursements
Plus: Government transfer payments
to persons
Interest paid by government
(net) and by consumers.
Dividends
Business transfer payments
Equals: Personal income.
68.6
_ - - 679.8 717.9 684.9 697.4 700.8 708.7 723.6 738.7
Plus: Subsidies less current surplus of
government enterprises
2.2
1.7
2.7
2.6
2.3
2.0
1.6
71.4
2.8
1.2
616.7 649.6 622.1 634.1 636.4 641.6 653.4
82.2
79.0
81.9
84.6
78.1
78.3
79.2
38.2
43.0
38.9
39.8
42.2
42.5
43.3
44.1
.0
.0
.0
.0
.0
.0
.0
.0
41.2
49.1
41.3
44.7
48.1
48.6
49.6
50.1
22.3
21.5
2.7
24.1
22.8
2.8
22.4
21.6
2.7
23.2
21.2
2.8
23.7
22.2
2.8
23.9
23.1
2.8
24.2
23.4
2.8
24.7
22.4
2.8
Compensation of employees __ _
Wages and salaries _
Private
Military.
Government civilian
28.2
29.9
24.5 22.2 24.6 24.5
4.3
4.3 3 9 4.3
.6 -1 1 -1.2 -1.2
24.3
4.3
1.3
Personal consumption expenditures. 24.9
4.4
Producers' durable equipment
Change in dealers' auto inventories.4
23.9 24.7
4.2
4.4
-.5 -1.3
Net exports
Exports
Imports
.0
1.3
1.2
-.1
1.6
1.7
.3
1.5
1.3
.0
1.5
1.5
27.6
1.8
25.3
2.6
26.1
1.9
27.4
2.1
25.0
27.8
- 3 -.1
1 3 1.6
1 6 1.7
.1
1.9
1.7
-.2
1.8
2.0
25.3
2.7
25.4
2.6
27.6
2.7
27.9
29.4
24.7 22.6 25.0 24.6
4.3 3.9
4.3 4.3
.7 -1.1 -1.3 -1.3
23.9
4.1
1.3
Addenda:
New cars, domestic 2
New cars, foreign
22.8
2.2
426. 2 435.9
316.7 337.5 320.1 326.1 331.4 333.2
14.7 16.4 15.1 15.8 16.1 16.2
63.2 69.8 64.3 65.6 67.3 68.9
339.4 346.2
16.3 17.3
70.6 72.5
41.6
42.7
44.4
45.2
46.4 47.6
20.6
21.1
22.2
22.3
22.8 23.3
Other labor income
Employer contributions to private pension and welfare funds
Other
20.8
23.2
21.1
21.7
22.2
22.9
23.6 24.3
17.3
35
59.3
58.4
59.2
58.6
57.8
57.8
58.8 59.3
Business and professional
43.2
Income of unincorporated enterprises. _
43.6
Inventory valuation adjustment-. -.4
43.6
43.3
43.4
43.2
43.4
43.8 44.1
Farm
44.0
—.4
16.1
14.8
15.9
15.1
14.6
14.3
15.0 15.2
Rental income of persons
19.4
20.1
19.4
19.6
19.8
20.0
20.2 20.4
Corporate profits and inventory valuation adjustment
_ __ _ __
82.2
79.0
81.9
84.6
78.1
78.3
79.2
83.8
80.2
84.0
83.9
79.0
78.9
80.0
34.5
49.3
21.5
27.8
33.0
47.2
22.8
24.4
34.6
49.4
21.6
27.8
34.6
49.3
21.2
28.2
32.5
46.5
22.2
24.2
32.5
46.5
23.1
23.4
32.9
47.1
23.4 22.4
23.6
-1.6 -1.2
20.2
22.4
-2.2
.7
-.8
-.7
-.8 -2.3
20.4
21.1
21.6
22.1
22.7 23.3
Table 7.—National Income by Industry Division (1.11)
All industries, total
27.9
29.6
472.6 483.6
394.6 423. 8 399.6 407.4 414.7 418.3
22.6
Inventory valuation adjustment
Billions of current dollars
653.4
135.7 469.7 441.2 450.2 459.1 463.4
45.9
Net interest
Table 5.—Gross Auto Product in Current and Constant Dollars
(1.15, 1.16)
516. 7 649.6 622.1 634.1 636.4 641.6
20.3
Profits tax liability
Profits after tax
_. _
Dividends
Undistributed profits
27.7
IV*
41.1
Proprietors' income
584. 0 626.4 589.3 601.6 612.9 619.1 631.0 642.5
29.8
III
Supplements to wages and salaries- .
Employer contributions for social
insurance
Profits before tax
Gross auto product 1_.
II
Table 6.—National Income by Type of Income (1.10)
National income. _
_ _ ... 743.3 785.0 748.8 762.1 766.3 775.1 791.2 807.3
Less: Capital consumption allowances
I
Billions of dollars
Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1.9)
-
IV
Seasonally adjusted at annual rates
Billions of dollars
Gross national product
III
1967
Agriculture, forestry, and fisheries
Mining and construction
Manufacturing. _ _ _ _ _ _
Nondurable goods
. __
Durable goods.
_ __.
616.7 649.6 622.1 634.1 636.4 641.6
653.4
22.7 21.8 22.6 22.0 21.6 21.3
38.2 40.3 38.4 38.7 39.8 39.7
192.1 196.3 193.6 198.8 195.0 194.0
73.2 76.2 73.8 75.3 75.9 75.1
118.9 120.1 119.8 123.5 119.2 118.9
22.0
40.3
196.0
75.9
120.0
Transportation
C ommunication
Electric, gas, and sanitary services
Wholesale and retail trade
24.8
12.4
12.1
90.8
26.1
13.0
12.8
95.9
24.7
12.7
12.4
91.1
25.4
12.7
12.3
92.6
25.5
12.8
12.4
93.5
25.7
13.0
12.6
94.9
26.5
13.2
12.9
96.9
Finance, insurance, and real estate. _ _
Services
Government and government enterprises
Rest of the world
65.6
69.3
70.4
74.7
66.2
70.2
67.5
71.3
68.4
72.6
69.6
74.1
70.9
75.3
84.6
4.2
93.9
4 5
86.3
4.1
88.4
4.4
90.8
4.1
92.5
4 2
94.5
4 9
Billions of 1958 dollars
Gross auto product 1
30.3
Personal consumption expenditures. 25.4
Producers' durable equipment _ _ .
4.4
Change in dealers' auto inventories..
.4
Net exports
Exports
Imports.
.
27.7
28.8
24.0 25.3
4.1 4.4
-.6 -1.4
29.9
25.3
28.2
.1
1.3
1.2
-.1
1.7
•1.7
.3
1.6
1.3
.1
1.5
1.5
-.2
1.3
1.6
.0
1.6
1.7
.2
1.9
1.7
-.2
1.8
2.0
28.2
1.8
25.5
2.5
26.6
1.8
27.8
2.1
23.3
2.2
25.8
2.7
25.6
2.6
27.3
2.7
Addenda:
New cars, domestic 2. _ .
New cars, foreign
All industries, total
Financial institutions
Mutual
Stock _ .
Non financial corporations
1
The gross auto product total includes Government purchases, which amount to $0.2 billion
annually for the periods shown.
2
v Differs from the gross auto product total by the markup on both used cars and foreign cars.
Preliminary.
Table 8.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6.12)
M anufacturing
Nondurable goods .
Durable goods
Transportation,
communication,
and public utilities _
All other industries
82.2
9.3
79.0
81.9
84.6
78.1
78.3
79.2
9.7
9.5
9.6
9.6
9.5
9.6
1.9
7.4
72.9
69.4
72.4
75.0
68.5
68.8
69.6
43.1
18.7
24 4
39.0
18.0
21 0
42.7
18.8
23 9
44.4
19.2
25.3
39.6
18.4
21 1
38.9
17.8
21 1
38.2
17.7
20 5
11.9
18.0
12.0
18 4
11.8
17.9
12.0
18.6
11.7
17.3
11 9
18.0
12.1
19.3
SURVEY OF CTJEEENT BUSINESS
February 1968
1966
1966 1967 * III
1967
IV
I
II
III
1966
1966
TV*
1967
Seasonally adjusted at annual rates
III
429.6 449.7 433.0 442.2 441.5 444.5 451.9
Personal income
41.4
39.2
39.8
40.3
40.9
41. 8
42.5
40.7
38.6
39.2
39.7
40.4
41.1
41.8
Compensation of employees, _ _ __ 275.9 294.5 279.0 284.5 289.1 290.5 296.2 302.2
Wages and salaries. .
246. 1 261.4 248.8 253.5 257.1 258.0 262.8 267.8
Supplements. _ _ _ _ _ _ _ _
29.8 33. 1 30.2 30.9 32.0 32.5 33.4 34.3
___
_
Corporate profits and inventory
valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
_
•- .
Dividends _
Undistributed profits _
Inventory valuation adjustment..
Cash flow, gross of dividends..-Cash flow, net of dividends
Gross product originating in
financial institutions -
-2.4 -2.5 -2.4 -2.4 -2.5 -2.5 -2.5 -2.5
78.9 75.6 78.7
80.6 76.7 80.8
34.5 33.0 34.6
46.0 43.7 46.2
19.9 21.2 20.1
26.1 22.5 26.1
-1.6 -1.2 -2.2
81.2
80.5
34.6
45.9
19.6
26.3
.7
74.9
75.7
32.5
43.2
20.7
22.5
-.8
75.1
75.8
32.5
43.3
21.6
21.7
-.7
75.3
76.1
32.9
43.2
21.6
21.6
-.8 -2.3
Net interest
Corporate profits and inventory
valuation adjustment- _ _ _ _ _
Profits before tax _
Profits tax liability
Profits after tax_
Dividends....
Undistributed profits. _ _ _
Inventory valuation adjustment- __
Cash flow, gross of dividends
Cash flow, net of dividends
423 8 399 6 407 4 414 7 418. 3
167. 2 161.0 164.1 165.7 164.8
134 4 129 7 132 6 133 1 132.6
100.9 94 9 96 5 98.7 99.6
69.5 64.3 65.5 67.0 68.8
86 3 79 4 81 4 83 4 85 0
426 2
167.4
134. 6
101.7
70.2
86.9
435 9
170.8
137 2
103.4
71.9
89.8
Other labor income
20 8
23 2
21 1
21 7
22 2
22 9
23 6
24 3
Proprietors' income
Business and professional _ .
Farm
_
_ _
59 3
43 2
16.1
58 4
43 6
14.8
59 2
43*3
15.9
58 6
43 4
15.1
57 8
43 2
14.6
57 g
43 4
14 3
58 8
43.8
15.0
59 3
44.1
15.2
Rental income of persons
Dividends
Personal interest income
19 4
21 5
42.4
20.1
22.8
46.5
19 4
21 6
42.8
19 6
21 2
44.3
19 8
22.2
45.2
20 0
23 1
46 0
20.2
23. 4
46.9
20.4
22.4
48.0
51.9
44 0
47 5
50.8
51 4
52.4
52.9
25 7
21 0
23 2
24 7
25 g
26.2
26.4
2.1
6.6
17.5
1.8
5.4
15.8
1.8
6.3
16.2
2.1
6.5
17.6
2.1
6.5
17.0
2.2
6.6
17.4
1.9
6.7
17.9
85.4
65.3
85.6
66.1
83.5
62.8
84.2
62.6
85.0
63.3
17.5
19.0
17.7
18.0
18.4
18.6
19.1
Less: Personal contributions for
social insurance .
17 9
20.4
18.4
18.7
20.0
20.2
20.5
20.8
Less: Personal tax and nontax payments
_
_ _
75.2
81.7
76.9
79.6
80.2
79.1
82.8
84.7
37.9
40.2
38.1
38.6
39.1
39.8
40. 6
41.4
36.5
38.9
36.9
37.5
37.9
38.6
39.3
39.9
261.3 278.3 264.3 269.5 273.7 274. 6 279.8 285.3
233.4 247.4 236.0 240.5 243.7 244.1 248.5 253.2
27.9 31.0 28.3 29.1 30.0 30.5 31.3 32.1
6.7
7.3
6.8
69.7 65.9 69.2
71.3 67.0 71.3
30.3 28.6 30.3
41.0 38.5 41.0
18.5 19.6 18.6
22.5 18.8 22.4
-1.6 -1.2 -2.2
78.9
60.4
78.7
59.1
79.1
60.5
71.5
70.8
30.2
40.6
18.2
22.5
.7
65.3
66.1
28.1
38.0
19.2
18.8
-.8
65.6
66.3
28.2
38.1
20.0
18.1
-.7
65.7
66.5
28.5
38.0
20.1
17.9
-.8 -2.3
79.3
61.1
77.2
57.9
77.9
57.9
78.6
58.5
Gross product originating in
nonfinancial corporations.
383.0 387. 5 384.6 389.0 384.7 385.3 387.7
Dollars
Current dollar cost per unit of
1958 dollar gross product
originating 2in nonfinancial
corporations _ _
1.076 1. 112 1.080 1.091 1.100 1. 105 1.116
Capital consumption allowances
.099 .104 .099 .099 .102 .103 .105
Indirect business taxes plus transfer
payments less subsidies
.095 .100 .096 .096 .098 .100 .101
Compensation of employees- _
.682 .718 .687 .693 .711 .713 .722
Net interest...
.018 .019 .018 .018 .018 .019 .019 _ _ _ _ _ _
Corporate profits and inventory valuation adjustment
.182 .170 .180 .184 .170 .170 .169
Profits tax liability
.079 .074 .079 .078 .073 .073 .073
Profits after tax plus inventory valuation adjustment- _ .103 .096 .101 .106 .097 .097 .096
Excludes gross product originating in the rest of the world.
2 This is equal to the deflator for gross product of nonfinancial corporations, with the decimal
point shifted two places to the left.
v Preliminary.
584 0 626.4 589 3 601 6 612.9 619.1 631.0 642.5
394 6
159.3
128 1
93.9
63.5
77 9
85.1
63.9
Billions of 1958 dollars
1
_
Wage and salary disbursements
Commodity-producingindustries- _
Manufacturing
Distributive industries
Service industries
_
Government
85.0
65.1
Income originating in nonfinancial
corporations __
337.7 351.5 340.3 348.0 346.1 347.5 352.9
Compensation of employees. _
Wages and salaries. _ __
Supplements .
IV
Transfer payments.
43 9
Old-age, survivors, disability, and
health insurance benefits
20 8
State unemployment insurance
benefits _.
1.8
Veterans benefits. _
_ 5.7
Other
15.6
Gross product originating in
nonfinancial corporations.-- '. 412.1 430.7 415.3 424.2 423.1 425.9 432.8
Capital consumption allowances _
Indirect business taxes plus transfer
payments less subsidies
III
Table 10.—Personal Income and Its Disposition (2.1)
Income originating in corporate busi352.4 367.6 355.2 363.2 361.5 363.1 369.0
ness
Net interest
II
Billions of dollars
Table 9.— Gross Corporate Product1 (1.14)
Gross corporate product . _
I
Seasonally adjusted at annual rates
Billions of dollars
Capital consumption allowances
__ 39.0
Indirect business taxes plus transfer
38.2
payments less subsidies
IV
1967
Equals : Disposable personal income _ _ . 508.8 544.7 512.4 522.0 532.7 540.0 548.2 557.9
Less • Personal outlays
479 0 505 9 483 2 487 4 493 9 504.0 509.6 516.2
Personal consumption expenditures- 465.9 491.7 470.1 473.8 480.2 489.7 495.3 501.8
12.4 13.4 12.5 12.9 13.1 13.3 13.5 13.8
Interest paid by consumers
Personal transfer payments to for1.0
.6
.7
.8
.7
.8
.6
.6
eigners. _
__
Equals: Personal saving
__ 29.8
38.7
29.2
34.6
38.8
36.0
38.5
41.6
Addenda:
Disposable personal income :
Total, billions of 1958 dollars
456.3 476.5 458. 4 463.2 470.6 474.9 477.5 482.6
Per capita, current dollars _
Per capita, 1958 dollars
2, 584 2, 736 2,598 2,639 2,686 2,716 2,749 2,789
2,317 2,393 2,324 2,341 2,373 2,388 2,394 2,413
Table 11.—Personal Consumption Expenditures by Major Type (2.3)
Personal consumption expenditures
465.9 491.7 470.1 473.8 480.2 489.7 495.3 501.8
Durable goods
70 3 72.1 70.9
70.6
69.4
72.5
72.7
73.8
on Q
29.6
30.6
10.4
27.3
31.4
10.7
29.7
31.9
10.9
29.9
32.1
10.8
30.1
32.6
11.1
Automobil e s and 'parts
29 8
Furniture and household equipment. 29.9
Other
10.6
207 5 217.5 209.5 210.3 214.2 217.2 218.5 220.3
Nondurable goods
Food and beverages
Clothing and shoes.
Gasoline and oil
Other
32.0
10.9
29.8
30.6
10.5
106.7 110.6 107.3 107.2 109.3 110.1 110.9 112.2
40.3 42.8 41.0 40.8 41.5 43.2 43.7 43.1
16.2 17.5 16.3 16.6 17.1 17.5 17.5 17.8
44.3 46.6 44.8 45.7 46.3 46.4 46.4 47.2
188.1 202.1 189.8 192.9 196.6 200.0 204.1 207.7
_ __
Services
67.1
27.0
_ . 13.6
80.4
Housing
Household operation
Transportation
Other
71.3
28.2
14.7
87.8
67.4
27.4
13.7
81.3
68.5
27.7
14.0
82.7
69. 6
27.8
14.4
84.8
70.6 71.9
28.1 28.1
14.6 14.8
86.6 89.2
73.3
28.8
15.1
90.6
Table 12.—Foreign Transactions in the National Income and
Product Accounts (4.1)
44.0
45.3 45.1 45.6
45.4
Receipts from foreigners
43.0
45.3
Exports of goods and services
43.0
45.3 43.7
44.0 45.3 45.1 45.6
45.4
_ _ _ 43.0
45.3
43.7
44.0
45.4
37.9
40.6
39.0 39.7
45.3 45.1 45.6
39.9 39.8 40.2
42.4
2.9
.6
2.3
2.9
.8
2.1
2.8
.6
2.2
2.5
.6
1.9
2.9
.7
2.2
3.1
1.0
2.0
3.1
.8
2.3
2.7
.7
2.0
2.2
1.8
1.8
1.8
2.5
2.3
2.3
.3
Payments to foreigners
_
Imports of goods and services .
Transfers to foreigners
Personal
Government
_.
Net foreign investment _
_ _ _
43. 7
SURVEY OF CUEEENT BUSINESS
6
1967" III
1966
1967
1966
1966
February 1968
IV
I
III
II
1966
IV*
1967
III
Table 13.—Federal Government Receipts and Expenditures (3.1, 3.2)
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax
accruals
Contributions for social insurance. _.
Federal Government expenditures
151.6 145.6 148.6
66.5
30.7
63.1
32.4
65.2
32.3
65.5
30.3
64.0
30.3
67.5 69.1
30.6
15.9
33.3
16.6
37.7
16.2
34.0
16.3
34.7
16.2
37.0
16.5
37.2
16.7 17.0
38.0 38.7
151.9
165.9 167.9
160.9 162.8
Purchases of goods and services
National defense
Other
77.0
60.5
16.5
89.9
72.5
17.4
79.5
63.0
16.6
81.5
65.6
15.9
87.1 89.5
70.2 72.5
16.8 17.0
90.9 92.2
73.3 74.2
17.6 18.0
Transfer payments
T o persons. _ _ _ _ _
To foreigners (net)
36.0
33.7
2.3
42.9
40.7
2.1
35.9
33.7
2.2
38.8
36.9
1.9
42.2
40.0
2.2
42.4
40.3
2.0
43.5 43.3
41.2 41.3
2.3 2.0
16.0
15.3
15.6
15.6
15.3
16.0 17.1
10.5
9.6
10.0
10.4
10.4
10.5 10.7
Grants-iii-aid to State and local governments.. . .' ._. 14.8
Net interest paid
Subsidies less current surplus of government enterprises
Surplus or deficit ( —), national income and product accounts
9.5
5.4
5.1
6.0
5.9
5.6
.3 — 12 7 —.7 —3.3 -11.9
111.5
Durable goods
Nondurable goods ,
Services.
_ _ _
Surplus or deficit (—), national
income and product accounts. _ .
___
Gross private domestic investment
Fixed investment
112.5 116. 1 112.8 113.7 114.4 115. 0 116.8 118. 2
Nonresidential
110.2 113.1 110.4 111.6 112.2 112.2 113.2 114.6
118.4 122.8 118.9 120.1 121.0 121.5 123.8 125.0
Structures _
._
Producers' durable equipment _ . 106. 2 108.9 106.3 107.7 108.2 108.3 108. 8 110.3
120.9 128.0 122.0 123.2 123.8 126.2 129.9 131.0
Residential structures
121.1 128. 1 122.2 123.4 124.0 126.4 130.1 131.2
Nonfarm
Farm
.
_ _ _ _ _ _ _ _ 114. 1 120. 4 114.6 115.9 117.3 118.8 122.4 123.2
Change in business inventories
5.0
5.3
4.6
-14.7 —13.2
105.4 106. 7 105.4 106.7
104.1 104.3 104.8 104.3
Exports
Imports
Government purchases of goods and
services
119.1 121. 3 119.7 120.2 120.5 120.3 121. 0 123.4
129.0 133.8 129.9 130.8 131.9 132.9 134.7 135.6
86.0
87.9
89. 3
15.2
2.2
13.7
2.3
14.3
2.3
14.7 15.1
2. 1 2.1
15.4 15.6
2.3
53.1
5.3
16.0
49.8
4.9
15.3
50.6
5.0
15.6
51.7
5.2
15.6
52.6
5.3
15.3
53.5 54.4
5! 4 & 4
16. 0 17. 1
Services
122.1 126.6 122.6 123.8 124.9 125.9 127.0 128.6
81.8
91.7
82.7
84.9
88.3
90.6
92.7 95. 1
Structures _
120. 1 125.3 121.2 122.0 122.6 123.8 126.9 127.8
77.2
7.5
.3
86.4
8.4
.2
78.1
7.6
.3
80.2
7.8
.3
83.3 85.4
8.1 8.3
.2
.2
87.4 89.5
8. 5 8.8
2
.2
Addendum :
3.3
3. 4
3.3
3.4
3.4
3.3
3.4
2.9
.1
3.3
3.0
1.0
-.2
-.1
90.4
92.6
113.9 117.3 114.4 115.3 116.0 116.6 117.7 118.8
Gross national product _ _
107.3 109.6 107.6 108.5 108.8 109.0
Goods output. _ _
119.5
129.0 118.7 128.2
Federal
State and local..
Gross investment.,
3.2 -12.6
2.6
34.6
28.2
38.8
24.2
.7
98.2
Gross auto product
36.0
23.4
Business
Nonfarm
Farm
129.0
-2.3
39.8
40.3
40.9
41.8 42.5
25.2
.0
25.5
.0
25.8 26.1
.0
.0
124.0
112.9
107.3
110.4 105.1
2.5 2.3
-4.0
-2.8
-13.3
114.5 121.1
112.2 120.8
2.3
.3
-1.2
98.0
99.0
98.8
98.8
99.8 101.5
113.9 117.3 114.4 115.3 116.0 116.6 117.7 118.8
. •
.
General government
.3 -12.7 -.7 -3.3 -11.9 -14.7 -13.2
.1 3.3
2.9
3.0
1.0 -.2
-.1
120.2 114.0 118.1
_
Households and institutions
38.5
23.6
-.7
-.3 -10.8 -15.0
99.8
Table 18.—Implicit Price Deflators for Gross National Product by
Sector (8.4)
24.9
.0
Gross private domestic investment. 118.0 112.1 116.4 122.2
Net foreign investment
2.2
1.8
1.8
1.8
Statistical discrepancy.
-2.6 -2.4 -3.2 -3.8
Preliminary.
127.7 125.1
110.6
3. 4
Table 15.—Sources and Uses of Gross Saving (5.1)
Personal saving
38.7 29.2
Undistributed corporate profits
24.4
Corporate inventory valuation adjustment
-1.6 -1.2 -2.2
Corporate capital
consumption
allowances
41.4 i9.2
Noncorporate capital consumption
allowances
_.. 24.5 25.7 24.7
Wage accruals less disbursements..•_.
.0
.0
.0
109.9
103.1 105.5 103.2 104.5 104.9 104.8 105.5 106.7
110.4 112.5 110.9 111.5 111. 5 112.0 113.1 113.4
Durable goods
Nondurable goods .
Gross national product
Government surplus or deficit (—),
national income and product
accounts
123.9 127.1 124.6 125.2 125.8 126.1 127.4 129.1
Table 17.—Implicit Price Deflators for Gross National Product by
Major Type of Product (8.2)
Private. _ _ _ _ _
Gross private saving.
114.3 111.8 112.7 113.2 113.7 114.8 115.6
98.6 100.0 98.7 99.4 99.5 99.5 100.1 101.1
- - 110.6 112.7 111. 0 111.6 111.7 112. 2 113.3 113.8
118.3
122.5 118.7 119.9 120.9 121.9 123.0 124. 1
..
91. 8
84.7
Personal tax and nontax receipts
13.5
Corporate profits tax accruals
2.3
Indirect business tax and nontax
accruals
49.2
Contributions for social insurance. _ _ 4.9
Federal grants-in-aid
14.8
Purchases of goods and services
Transfer payments to persons
Net interest paid
Less: Current surplus of government
enterprises
IV
Net exports of goods and services
Table 14.—State and Local Government Receipts and Expenditures
(3.3,3.4)
State and local government expenditures _.
I]I
113.9 117.3 114.4 115.3 116.6 116. 6 117.7 118.8
Personal consumption expenditures
Federal
State and local
State and local government receipts
II
Table 16.—Implicit Price Deflators for Gross National Product (8.1)
Gross national product
152.7
149.1 148.1
61.7
32.3
142.9 164.3 146.3
I
Index numbers, 1958=100
Billions of dollars
143.2
IV
Seasonally adjusted
Seasonally adjusted at annual rates
Federal Government receipts
1967
_
111.6 114.7 112.0 112.9 113.5 114.0 115.1 116.0
111.0 114.1 111.4 112.3 112.9 113.4 114.6 115.4
111.0 114.7 111.4 112.5 113.4 114.0 115. 2 116.0
110.7 99.7 110.8 106.7 99.3 98.8 100.6 100.3
137 0 140 6
139.2 144.5 140.0 141.0 142.3 143.4 144.5 147.7
HISTORICAL DATA
Historical national income and product data are available from
the following sources:
1929-63: The National Income and Product Accounts of the
United States, 1929-65, Statistical Tables (available from any
U.S. Department of Commerce Field Office or from the Superintendent of Documents, U.S. Government Printing Office,
Washington, D.C. 20402, price $1.00 per copy).
1964-66: July 1967 SURVEY OF CURRENT BUSINESS.
February 1968
SUEVEY OF CURRENT BUSINESS
Fourth Quarter Inventory Developments—Investment
Rises Substantially
THE pace of inventory investment
quickened during the second half of
1967, reversing the experience of the
first half. Inventory accumulation,
which plummeted to a seasonally adjusted annual rate of only $% billion
in the second quarter, rose to $3.8
billion in the third and $9.2 billion
in the fourth (chart 3).
Prices of goods in inventory increased
rapidly throughout 1967, and the increase accelerated in the final quarter
of the year. As a result, inventories
increased more in book value than on a
GNP basis, and the spread widened
in the fourth quarter.
Production for inventory accounted
for fully one-third of the total GNP
rise of $16 billion in the fourth quarter
of 1967 as compared with one-fifth of
an equal GNP rise in the third. In
the first half, the sizable reduction in
inventory investment severely retarded
the rise in overall output.
Every major nonfarm industry group
reduced its inventory investment in the
first half of 1967 from the unusually
high rate of accumulation in the final
quarter of 1966, while the liquidation
of farm inventories slowed. In the third
quarter, investment rates increased
for farms and for all nonfarm industry
groups except nondurable goods manufacturers. As chart 3 shows, manufacturers' inventory additions declined
slightly from the third to the fourth
quarter, so that farms and trade firms
accounted for all of the $5.4 billion
fourth quarter rise in inventory
investment.
Factors in fourth quarter rise
Several special factors contributed to
the expansion in the rate of inventory
investment from the third to the fourth
quarter. First, a record crop output last
fall resulted in larger accumulations of
stocks on farms and at wholesalers of
farm products; these accumulations
contributed about $1% billion (at seasonally adjusted annual rates) to the
fourth quarter rise. Secondly, there was
a shift from liquidation to accumulation
of automotive dealers' stocks, reflecting
the effects of both the Ford strike and
CHART 3
Inventory Investment
Rose in second half of 1967 as accumulation
of trade and farm stocks resumed
an earlier-than-usual model changeover. Finally, there was a sizable stepup in the rate of accumulation of steel.
(More information on recent changes in
steel inventories appears on p. 8.)
Autos and steel each contributed almost
. $ 1 billion to the fourth quarter rise in
inventory investment.
Besides these developments, investment rose almost $2 billion from the third
to the fourth quarter in wholesale lines
other than farm products, and another
$2 billion at retail nondurable goods
stores. The latter reflected a shift from
liquidation in the third quarter to
accumulation in the fourth.
In contrast, additions to nonsteel
stocks of durable goods manufacturers
fell about $1 billion, and additions to
stocks of durable goods retailers other
than automotive dealers declined about
$% billion. The reduced rate of accumulation in the former group was most
noticeable among machinery producers,
and in the latter, among dealers in
lumber, building, hardware, and miscellaneous durables.
Billic n $
10
Yearend position
TOT ftL (GNP Basis)
-
5
n
FARM
I
IV
1967
Quarterly, Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
At yearend, stocks as a percentage of
sales (or of GNP) were little different
from a year earlier, although high
compared with the 1963-65 period.
The apparent excess was largely in
durable goods manufacturing and to a
small extent in wholesale trade. Inventories held by retailers of both durable
and nondurable goods seemed low when
judged by the stock-sales ratios prevailing earlier in the current cyclical
advance.
Stock-sales ratios may not be a
reliable guide to near-term inventory
movements. For example, the current
higher-than-normal ratios for suppliers
of defense goods and of machinery and
equipment may be justified by the
record backlogs of unfilled orders held
by these suppliers. Also, business expectations of improved sales and/or
rising prices may result in a willingness
to carry higher inventory. In addition,
two special factors, the rebuilding of
auto stocks and anticipatory stockpiling of steel, are likely to keep
inventory investment high in the first
half of this year.
Steel Production, Consumption, and Inventories
CHART 4
Steel Production, Consumption, and Stocks
STEEL OUTPUT up sharply in recent months
1957-59 = 100 (Ratio scale)
200
IRON AND STEEL OUTPUT
(FRB)
150
100
70
CONSUMPTION rises and
Million Tons (Ratio scale)
CONSUMPTION BY MANUFACTURERS!/
(Steel mill shapes)
STOCKS are built up
50
40
STOCKS
— (End of month, steel mill shapes)
30
20
10
Relative to consumption, manufacturers' stocks are low
Number of Days Supply!/
120
STOCKS/AVERAGE DAILY CONSUMPTION
80
Manufacturing Consumers!/
1961
1962
1963
1964
1965
Monthly, Seasonally Adjusted
1. Three-month moving average centered on last month.
2.' Includes wholesalers, excludes nonmanufacturing consumers.
3. Based on number of working days.
U.S. Department of Commerce, Office of Business Economics
1966
1967
1968
AFTER a year of fairly steady decline,
iron and steel production rose in July
1967, and advanced through December.
Although output fell in January, reports for early February indicate a rise
in mill activity to a new peak. The
seasonally adjusted rate of operations
in January was 13 percent above the
June 1967 trough but was still below
the peak reached in the early summer of
1965, when the industry was pushing
output to fill orders for strike-hedge
buying as well as for a high rate of
consumption.
New orders placed with steel mills
began to increase in the second quarter
of 1967, before the decline in output
ended, and continued upward through
the year. In December, orders booked
by steel mills were the largest in nearly
4 years. The flow of new business since
last spring has exceeded shipments by
a wide margin, so that backlogs rose
considerably and at the end of December were the highest in 13 months.
The turnabout in steel production
last summer reflected a rise in consumption requirements and an increase in
stocks at the mill level in anticipation
of a rebuilding by steel consumers of
depleted stocks. Consumers ended their
liquidation of steel stocks at the end of
the summer and shifted to accumulation in the fourth quarter. How much
of this addition represented hedge buying is not known, but the heavy placement of new orders late in 1967 suggests
the start of a new buildup of steel
inventories by consumers as a hedge
against the possibility of a steel strike
after July 31, when the present labor
contract expires. The latest round of
buying for strike-hedge purposes is the
fourth in 6 years and, if past experience
is any guide, promises to dominate the
course of steel production and to influence the behavior of business inventories
significantly in 1968.
February 1968
Steel consumption
Steel consumption in 1967 showed its
first annual reduction since 1961. According to Census data, steel used by
manufacturing consumers, who account
for roughly 70 to 75 percent of aggregate
consumption, totaled 63.6 million tons
in 1967, 6 percent less than the record
volume of 1966.l Most of the 1967 decline was concentrated in the automotive, household appliances, and railroad equipment industries; in these
groups, production decreases from 1966
to 1967 averaged close to 10 percent as
a group. Two important exceptions to
the general trend in manufacturing were
the container industry, where consumption, which is dominated by the
food and beverage industries, rose
slightly, and ordnance, where consumption rose substantially as a result
of expanding defense needs. Among the
important nonmanuf acturing industries,
steel usage last year appears to have
declined moderately in construction, as
a result of a 2% percent decline in real
construction outlays, and sharply in the
railroad industry.
After a sharp decline from the second
half of 1966 to the first half of 1967,
steel consumption by manufacturers
rose steadily (seaonally adjusted) in
the second half of 1967, reflecting the
improvement in durable goods production. By December, the use of steel by
manufacturing consumers was 15 percent above the midyear low point, after
seasonal adjustment. The December
rate of manufacturers' consumption
exceeded the monthly average for all
of 1966, and was equal to the rate in the
first quarter, the high quarter of that
year. Firm data are lacking, but it is
likely that consumption in nonmanufacturing industries also improved in
the second half of last year since real
construction outlays rose sharply during this period.
SURVEY OF CUBKENT BUSINESS
appear to have accounted for the
greater part of the rise (seasonally adjusted) in steel production. Steel inventories held by producing mills,
manufacturing consumers, and wholesalers as a group declined in the second
quarter of 1967 but increased slightly
in the third quarter and considerably
in the fourth (chart 4). The fourth
quarter spurt in total steel inventories
reflected a shift from liquidation to
accumulation by manufacturing consumers while producing mills continued
to add to their stocks at the third
quarter rate.
Steel inventories of manufacturers
had declined steeply over a period of
almost 2 years after a very large
buildup that culminated in the summer
of 1965, when the current labor contract
was signed. Most of the correction of
that buildup was completed by mid1966, but after a brief interruption,
liquidation was resumed because of a
weakening in steel consumption in late
1966. Liquidation was pronounced in
the spring of 1967, but it moderated
considerably in the summer.
Although manufacturing consumers
increased their holdings of steel in the
fourth quarter, their stocks still appear
to be quite low, especially in relation to
steel consumption. Since August, they
have been the equivalent of a 35-day
supply in terms of the daily rate of
consumption. This is the lowest ratio
since the introduction of these statistics
in late 1961.
The behavior of mill inventories has
been in striking contrast to the behavior
of stocks held by manufacturing consumers. Since the end of 1965, mills
have increased their stocks fairly steadily, offsetting the decline at the consumer level. Last year, mills increased
their inventories in every quarter on a
seasonally adjusted basis; additions
were moderate in the first two quarters
but became pronounced in both the
third and the fourth. This step-up, like
some earlier ones, was in anticipation
of increased buying by steel consumers;
in 1962, 1963, and 1964-65, when hedge
buying was prominent, stock buildups
at mills also preceded accumulation by
consumers (chart 4).
The physical volume of steel inventories that are presented in the third
panel of chart 4 are shown in terms of
quarterly changes, expressed on a
current dollar (GNP) basis, in chart 5.
CHART 5
Change in Value of Inventories of Steel Mill Shapes
Inventory buildup underway
Although steel consumption has improved noticeably from last spring to
this winter, changes in steel inventories
-3
1962
1964
1963
1965
1966
1967
Quarterly, Seasonally Adjusted at Annual Rates
1. These data and data pertaining to inventories refer to
steel mill shapes, which account for the bulk of total output
of the steel industry.
Note: Values are computed on a current dollar (GNP) basis.
Data include holdings
of stee! mills including work in process, manufacturing consumers, and wholesalers.
U.S. Department of Commerce, Office of Business Economics
Basic data: Census
68-2-5
10
Imports at a new high
SUEVEY OF CUKKENT BUSINESS
February 1968
and during the fifties, it was a very reaching an annual rate of more than
low
2 percent (table 1).
13 million tons.
Although production and shipments
Imports of foreign steel have shown
of steel declined in 1967, imports of
foreign steel were at a record rate. a strong upward trend over the past Table 1.—Total Shipments, Exports, and
Imports of Steel
Last year, domestic firms imported decade, partly as a result of the growth
[Millions of tons]
almost lll/2 million tons, 6% percent in steel-making capacity abroad and
above 1966 and more than double the the ability of foreign firms to compete
1965
1966
1967
1962-64 average. At the same time, in U.S. markets on favorable terms.
exports of steel to foreign countries This trend has been accentuated by Finished steel supplies:
Total shipments from
were about the same as in 1966, bringing the periodic waves of inventory building
domestic production
90.0
83. 9
92.7
to a halt 2 straight years of reduction. that have preceded and accompanied
11.5
Imports
10.4
10.8
Exports
2.5
1.7
1.7
The steel import balance—imports labor negotiations. The policy of sup9.1
9.8
Net imports
7.9
minus exports-—amounted to 9.8 million plementing domestic requirements of
Total supply available for
tons in 1967, the largest on record and steel by large-scale purchases from
100.6
99.1
93.7
domestic market
the ninth consecutive year of an un- foreign puroducers dates back to 1959.
Gross imports as a percent
favorable trade balance in this metal Principally as a result of the 4-month
of supply available for
10.3
10.9
12.3
domestic market. _ _
(chart 6). In dollar terms, the import strike in that year, imported steel
balance amounted to almost $900 reached 4.4 million tons, more than
Source: U.S. Department of Commerce, Bureau of the
Census, and American Iron and Steel Institute.
million in 1967. Prior to 1959, the three times the average volume of the
United States had been a consistent preceding 10 years. This pattern of
net exporter of steel by a sizable stepped-up imports was repeated in
margin. Gross imports in 1967 equaled 1962, 1963, and 1964-65, when new
(Continued from p. 2)
12 percent of the total supply of steel contracts were signed without a strike.
available to the domestic market. In From the third to the fourth quarter of pared with a surplus of nearly $0.5
1966, the proportion was 11 percent, 1967, steel imports showed a sharp rise, billion in the third quarter.
Several factors accounted for the
CHART 6
change in the balance measured on
either basis. Among the more important
Foreign Trade in Steel Mill Products
was the substantial narrowing in the
Steel imports at record rate in 1967 and
merchandise trade surplus as imports
import balance at new high
increased more than $0.5 billion while
Million Tons
exports declined. Net foreign purchases
3.5
of U.S. securities other than Treasury
issues
were also reduced, mainly be3.0 cause of portfolio liquidations by the
British Government in order to defend
2.5
the exchange value of the pound.
Although the balance of payments
2.0 was adverse by an exceptionally large
amount in the fourth quarter, U.S.
official reserve assets increased for the
third quarter in a row; however, their
composition changed markedly. Gold
1.0
holdings declined $1 billion while holdings of convertible currencies increased
nearly $1.2 billion.
More detailed information for the
fourth
quarter and full year is available
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967 1968
in
a
press
release, and estimates based
Quarterly Totals
on more complete information will apData: Census
U.S. Department of Commerce, Office of Business Economics
68-2-6
pear in the March SURVEY.
by CHARLES A. WAITE
Federal Programs for Fiscal 1909
A
renewed call for a 10 percent surtax,
stringency in a number of domestic
programs, and the expectation of a
relatively moderate increase in Vietnam
expenditures were the principal features
of the fiscal 1969 budget submitted to
Congress in January.
These projected budgetary developments are expected to give rise to a
more restrictive fiscal policy in calendar
1968 than last year. As spelled out in
the Annual Report of the Council of
Economic Advisers, a Federal deficit of
$5 billion in calendar 1968 is expected
on a national income accounts (NIA)
basis, considerably smaller than the
$12% billion deficit in 1967. The new
budget embodies the President's tax
proposals, which are estimated to add
$8 billion to NIA receipts in 1968. If
the proposals are not passed, last year's
large deficit will continue.
CHART 7
Federal Fiscal Position
Billion :
— ' , National tome Accounts,(NIA) iBasisi
-8
- 12
-20
1963
64
65
66
67
FISCAL YEARS
*Estimates from "The Budget of the United States
for the Fiscal Year Ending June 30, 1969."
U.S. Department of Commerce, Office of Business Economics
68*
69*
Economic assumptions
The budget estimates assume that
GNP in calendar 1968 will total $846
billion, an increase of 7% percent over
1967, as compared with last year's
5% percent advance. Personal income
is estimated at $675 billion, $49 billion
more than in 1967. Corporate profits
before taxes are projected to rise about
$7 billion, from $80 billion to $87 billion.
These projections, as well as the budget
estimates discussed below, assume passage of the proposed surtax.
The following review outlines projected budget patterns; explains the
new budget concept and compares it
with that used in the national income
accounts; and analyzes the changes in
receipts and expenditures in fiscal
1968-69 as measured in the national
income and product accounts.
Shift in budget pattern
The movement toward a smaller
deficit is evident in the new unified
budget as well as on the NIA basis.
Under the new budget concept, the
deficit shifts from $19% billion in
fiscal 1968 to $8 billion in fiscal 1969
(table 1). When net lending is excluded from budget outlays, the resulting "expenditure account deficit" shifts
from $14 billion to $4% billion. On an
NIA basis, the deficit declines from $10
billion in 1968 to $2% billion in 1969.
Table 1 also shows the former administrative and cash budgets for
purposes of comparison.
In the first half of this calendar year,
the budget (NIA basis) is expected to
shift toward restraint as Federal receipts are projected to rise more than
expenditures. Such a shift would reduce
the NIA deficit to about $5 billion
(annual rate)—considerably below the
$12% billion registered in the second
half of 1967.
National defense purchases of goods
and services are expected to increase
only moderately in the first half. Subsidies (less the current surplus of
government enterprises) are projected
to fall substantially as a consequence
of the January postal rate increase. Of
the other categories of expenditures,
only transfer payments are likely to
rise much more rapidly than in the
recent past because of the $3% billion
increase in Social Security benefits payable in March.
Prompt enactment of the personal
and corporate surcharge plus higher
social insurance contributions will bolster receipts which, are also expected to
reflect strong economic growth during
the first half of this year. The budget
anticipates that the surcharge will add
about $3^ billion (annual rate) to
corporate tax accruals beginning in
the first quarter, and about $6 billion to
personal tax payments beginning
April 1.
Table 1.—Federal Government Receipts and
Expenditures, Fiscal Years 1967-69
[Billions of dollars]
1967
Actual
1968
Estimate
1969
Estimate
New unified budget:
Receipts.
Expenditures _
_
Deficit (— ) on expenditure account. _ _ _ _ _ _
Plus: Net lending (-)
Equals: Deficit (— ) ....
149.6
153.2
155. 8
169.9
178.1
182.8
-3.6
-5.2
-8.8
—14. 0
-5.8
-19.8
—4.7
-3.3
-8.0.
--..
147. 6
155.1
-7.5
161. 1
171.1
-10.0
182.5
185.0
-2.5
Receipts _
_..__—•_
Expenditures ___
Deficit (— )
115.8
125.7
-9.9
118.6
137.2
-18.6
135.6
147.4
-11.8
153. 6
155.1
-1.5
158.8
176.0
-17.2
181.1
188.7
-7.6
National income account:
Receipts
Expenditures
Deficit (— ).
_ ••
Administrative budget:
Cash budget:
Receipts
Expenditures
Deficit (-).
-
.--.
Sources: U.S. Bureau of the Budget and U.S. Department
of Commerce, Ofiice of Business Economics.
11
SURVEY OF CUEEENT BUSINESS
12
The deficit in the second half of 1968
will be close to that of the first half,
although the Federal civilian and military pay raise—$1K billion at annual
rates—may provide a temporary bulge
in the third quarter. Defense outlays
will also pick up somewhat, but increases in nondefense spending are
projected to slow down because of the
economies in the fiscal 1969 budget.
The deficit is expected to disappear
in the first half of 1969. Receipts will
move ahead rapidly because of higher
Social Security rates and heavy final
settlements of personal income taxes.
(The increase in tax liabilities stemming from the surcharge will exceed
withholdings in calendar 1968, requiring higher settlements early in 1969.)
Expenditures will also advance, but at
a less rapid pace.
Federal receipts and expenditures as
measured in the national Income and
product accounts for the fiscal years
1967-69 are shown in table 2.
New Budget Concepts
The fiscal 1969 budget was presented
to Congress in a new and more comprehensive format along lines recommended by the President's Commission
on Budget Concepts. The new format is
designed to present the Government's
receipts and expenditures more mean-
ingfully and comprehensively and to
overcome the confusion of previous
years when three budgets—administrative, cash, and NIA—were utilized.
Table 3 summarizes the major differences in budget concepts.
The new unified budget essentially
follows the recommendations that the
President's Commission on Budget Concepts presented in its report last
October. The major recommendations
were:
(1) A single budget to replace the
three concepts as the principal financial
plan of the Government,
(2) Broad coverage to include all
Federal programs, including trust funds,
(3) Division of total Government
outlays into an expenditure account
and a loan account,
(4) Netting receipts that are "market
oriented" against related expenditures,
(5) Eecording receipts and expenditures on an accrual basis.
All of the above recommendations
except the last were implemented in the
1969 budget. The shift to accrual accounting is now under study and will
be adopted within the next several
years when the required changes in
financial and accounting records and
procedures have been made.
A number of other changes recom-
Table 2.—Federal Receipts and Expenditures in the National Income and Product
Accounts, 1967-69
(Billions of dollars)
Quarterly, seasonally adjusted at annual rates
Fiscal years
1967
Actual
Federal Government receipts
1969
1968
Estimate Estimate
1967
II
I
III
IV
147.6
161.1
182.5
149.1
148.1
152.7
n.a.
64.6
31.4
71.0
34.3
83.8
37.2
65.5
30.3
64.0
30.3
67.5
30.6
69.1
n.a.
15.9
35.7
17.1
38.7
18.1
43.4
16.2
37.0
16.5
37.2
16.7
38.0
17.0
38.7
Federal Government expenditures .
155.1
171.1
185.0
160.9
162.8
165.9
167.9
Purchases of goods and services
National defense _ _ ...
Other
84. 5
67.6
16.9
92.8
74.4
18.4
99.4
78.8
20.6
87.1
70.2
16.8
89.5
72.5
17.0
90.9
73.3
17.6
92.2
74.2
18.0
Transfer payments
To persons
To foreigners (net)
39.8
37.7
2.1
44.9
43.0
1.9
49.9
47.9
2.0
42.2
40.0
2.2
42.4
40.3
2.0
43.5
41.2
2.3
43.3
41.3
2.0
Grants-in-aid to State and local governments.. _.
Net interest paid _
Subsidies less current surplus of government enterprises
15.4
10.1
18.0
10.7
20.0
11.2
15.6
10.4
15. 3
10.4
16.0
10.5
17.1
10.7
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax
accruals
Contributions for social insurance
Surplus (+) or deficit (-)
5.3
4.6
4.5
5.6
5.3
5.0
4.6
-7.5
-10.0
-2.5
-11.9
-14.7
-13.2
n.a.
Sources: "The Budget of the United States for the Fiscal Year Ending June 30, :
merce, Office of Business Economics.
1
and U.S. Department of Com-
February 1968
mended by the Commission were also
made in the new budget. Sales of participation certificates, which had been
netted against expenditures in the
former administrative and cash budgets,
no longer affect the size of the budget
deficit but, like the sale of Government
bonds, are treated as a means of financing the deficit. In addition, Government
debt has been redefined to include
securities issued by Federal agencies as
well as debt issued by the Treasury and
to exclude debt held by trust funds and
by Federal agencies. A significant recommendation that could not be implemented this year was that the implicit
subsidy in the form of interest rates
below market rates on Government
loans be specifically disclosed in the
expenditure account at the time the
loans are made.
As table 3 indicates, the new budget
concept, particularly the "expenditure
account/' is much closer in coverage and
in the treatment of financial transactions to the present treatment of Federal expenditures in the national income
accounts than were the former administrative and cash budgets. Furthermore,
after the shift to accruals is completed,
receipts in the new budget should be
close to those based on present NIA
concepts.
Reconciliation of deficits
Table 4 shows a summary reconciliation of the new unified budget deficit,
the expenditure account deficit, and the
deficit as recorded on the NIA basis.
By focusing on the deficit, it is possible
to disregard differences in the treatment'
of netting; these differences affect the
level of expenditures and receipts but
do not alter the surplus or deficit. (Some
examples of differences in netting are
the treatment of Government contributions to employee retirement funds,
contributions to National Service Life
Insurance and U.S. Government Life
Insurance, and the sales of Commodity
Credit Corporation (CCC) wheat certificates. These are netted against expenditures in the new budget but are shown
on a gross basis in the national income
accounts.)
Since all net lending as defined by the
Budget Bureau in the new unified
budget is excluded from both the expenditure account deficit and the NIA
SUEVEY OF CUKKENT BUSINESS
February 1968
deficit, the following comments will
focus on the relationship between the
last two measures.
First, the two differ in the timing of
receipts. In the national income accounts, most types of receipts, such
as corporate income and excise taxes,
are recorded on an accrual basis; personal income taxes are recorded on a
payments basis. In contrast, the new
budget currently records all receipts
on a cash collection basis. (As was
noted above, a shift to an accrual basis
is planned in the future, but it is being
deferred until expenditures can be recorded in the same way.)
Second, the two concepts differ in the
timing of purchases of goods and
services. The NIA records purchases
on a delivery basis, generally consistent with the timing in the rest of the
national accounts; the new budget currently records them on a checks
issued basis.
When the new budget shifts to an
accrual basis, expenditures will be recorded at the time production occurs,
regardless of when delivery or payment
is made. The Commission feels that it
CHART 8
Changes in Federal Government Receipts
(NIA Basis)
Billion $ Change
4
8
12
TOTAL
Personal
Taxes
Corporate
Profits
Taxes
Indirect
Business
Taxes
Contributions
for Social
Insurance
*Change in tax receipts from proposed surcharge Legislation.
U.S. Department of Commerce, Office of Business Economics
16
would be "highly desirable and advantageous" for Federal expenditures
in the national income accounts to
follow suit. For this to happen, more
information than is now available will
be needed to synchronize Government
purchases with changes in (private)
business inventories. At the present
tune, work-in-process on Government
orders is included mainly in the changein-business-inventories component of
theGNP.
Third, there is a difference due to the
scope of loans included in expenditures.
Federal expenditures in the national
income accounts exclude all lending
transactions except CCC "nonrecourse"
commodity loans, which are treated as
purchases rather than loans. Most
lending is also excluded from the "expenditure account" in the new budget,
the principal exceptions being the
above-mentioned CCC loans, foreign
loans made on noncommercial terms,
and certain domestic loans where repayment may be waived under specified
conditions, for example, loans for supersonic transport development, mineral
exploration, and student assistance.
Fourth, there are a number of other
adjustments, which have been combined
in table 4; they include differences in
the treatment of foreign currency
transactions (the NIA records foreign
currency when spent, the new budget
when it is acquired in exchange for
dollars), the purchase of land, geographical exclusions, and several other
items.
13
ways, airways, and waterways. The remaining $3K billion represents the rise
in Social Security taxes resulting from
both the higher ceiling on wages subject
to tax and higher tax rates under
present law. Although not included in
the budget estimates, an additional
$200 million (annual rate) would be
added to receipts by enactment of the
recently proposed travel taxes, according to Treasury estimates.
Personal tax and nontax payments
account for $12% billion of the total
advance. About $7% billion of the increase is attributed to an expected rise
in personal income and capital gains.
Another $5% billion results from the
proposed 10 percent surcharge on individual taxes scheduled to be effective
from April 1, 1968, to June 30, 1969.
The surcharge would add about $1%
billion to payments in fiscal 1968 and
$7 billion infiscal1969.
The tax proposal exempts single
persons who earn up to $1,900 and
married couples (with two children)
who earn $5,000 or less. It would increase total individual income tax liCHART 9
Changes in Federal Government
Expenditures (NIA Basis)
Billion $ Change
-4
0
4
8
12
TOTAL
Fiscal 1969 Receipts
Federal receipts on an NIA basis in
fiscal 1969 are estimated to reach
$182% billion, an increase of nearly
$21K billion over projected fiscal 1968
revenues. If realized, this would be the
largest increase in receipts since the
Korean war.
Over $11% billion of this advance can
be attributed to the expected growth
of income, output, and profits during
the year. Another $6% billion is the
result of proposals to raise personal income tax payments and corporate
profits tax liabilities and—to a much
smaller extent-—to initiate or raise
charges for users of the Nation's high-
Purchases of
Goods and
Services
I ['Defense
Transfers
Grants-in-Aid
Other
U.S. Department of Commerce, Office of Business Economics
16
20
24
SUEVEY OF CUEEENT BUSINESS
14
abilities 7.5 percent in calendar 1968
and 5 percent in 1969. Withholding
rates would be raised 10 percent on
April 1,1968, and would remain at that
level until the law automatically expires
on June 30, 1969.
Estate and gift taxes, which have
not contributed much to the increase
in personal tax payments in recent
years, are projected to rise over $%
billion in fiscal 1969 to reach nearly
$3K billion.
Higher corporate taxes
The surcharge will also have a substantial impact on corporate profits
tax accruals. If the administration's tax
proposals win congressional approval,
corporate taxes as recorded in the national income accounts will rise 10
percent in the first quarter of calendar
1968 and drop in the first quarter of
1969. The projected drop from 1968
reflects the 5 percent increase in liabilities effective in 1969; like the
individual surcharge, the corporate
increase will be effective for only half
of calendar 1969. The surcharge would
add about $1% billion to fiscal 1968
liabilities and over $2% billion in fiscal
1969; the difference accounts for nearly
one-third of the projected $3 billion
rise in these taxes. Higher profits
account for the rest of the advance.
Calendar 1968 profits—particularly in
the first half—are expected to rise
strongly, reversing the substantial drop
of the previous year.
Two additional corporate income tax
proposals do not affect corporate tax
accruals in the national income accounts. One would raise a corporation's
estimated tax for any calendar year
from 70 to 80 percent of its final
liability; the other would eliminate over
a 5-year period the present exemption
of the first $100,000 of liability from
estimated quarterly corporate tax payments.
Deferral of excise cuts
Indirect business tax and nontax accruals are expected to rise $1 billion,
to about $18 billion. The increase reflects about $% billion of normal growth
in alcohol, tobacco, and manufacturers7
excise taxes as well as customs duties
and nontaxes, and over $% billion of
proposals for new or higher user charges,
principally higher levies on diesel fuel,
heavy trucks, and aviation services.
Table 3.—Summary of Major Differences in Budget Concepts
New unified budget
National income
accounts
Cash budget
Administrative budget
Coverage:
Included
Excluded
Excluded
Trust funds
Included
District of Columbia. Excluded
Federal land banks, Excluded
Federal home loan
banks.
. -_
Included
Included
Included. .
. Excluded.
Excluded.
_ . Excluded.
Timing:
Cash collections.
Receipts
Accrual *
Personal taxes (payment), All other
(chiefly accrual) .
Cash collections
Expenditures
Accrual 2
Purchases (delivery),
interest (accrual),
all other (chiefly
checks issued).
Checks paid
Net lending activities.
Included (but shown
in separate
loan
account) 3.
Excluded
Included
Included.
Participation certificates.
Excluded
Excluded
Included as negative
expenditures.
Included as negative
expenditures.
Purchases of foreign
currency.
Included .
Excluded __
Included
Included.
. . _ Interest (accrual),
all other (checks
issued) .
Treatment of financial
transactions:
,
1
Recorded on a cash collections basis in fiscal 1969 budget.
2
Interest recorded on accrual basis in fiscal 1969 budget; all
3
other expenditures recorded on checks issued basis.
The "expenditure account" of the new unified budget excludes net lending as defined by the Budget Bureau, but includes several types of loans excluded in the national income accounts.
Source: U.S. Department of Commerce, Office of Business Economics.
February 1968
The projected increase in indirect
business taxes is dependent on favorable congressional action to continue
the excise taxes on automobiles and
telephone service at current rates. Under present law, the automobile excise
tax will decline from 7 percent to 2
percent on April 1, 1968, and to 1 percent on January 1,. 1969. The telephone
tax is scheduled to fall from 10 percent
to 1 percent on April 1, 1968, and to
be eliminated entirely on January 1,
1969. The current proposals would continue both levies at their present rates
until July 1, 1969. Without congressional action, the level of indirect business taxes would fall about $X billion
in fiscal 1968 and $2% billion in fiscal
1969.
Spurt in contributions
Social insurance contributions, the
fastest rising category of NIA receipts
in recent years, are projected at $43%
billion, in fiscal 1969, an increase of
$4% billion over fiscal 1968 and almost
double the $22 billion figure recorded
in fiscal 1963. Nearly $3% billion of the
1969 advance is due to recent changes
in Social Security financing. After recent congressional action, the maximum
earnings subject to tax rose from $6,600
to $7,800 as of January 1, 1968, and
the combined employee-employer payroll tax will increase from 8.8 percent
to 9.6 percent on January 1, 1969. (Onefourth of the rate increase is for the
hospital insurance program.)
The major effect of the increase in
earnings subject to tax will occur in
fiscal 1969 because all of that year
will be affected by the base change
whereas only a part of fiscal 1968 will
be so affected. In addition, the voluntary monthly contributions made by
enrollees in the supplementary medical
insurance program will increase from
$3 to $4 on April 1, 1968.
The remaining increases in Social
Security contributions result mainly
from continued growth in the number
of persons and the volume of payrolls
covered by the Social Security system.
Contributions for other programs—
unemployment insurance, railroad and
Federal civilian retirement, and Government life insurance—show little
advance on balance.
February 1968
SURVEY OF CURRENT BUSINESS
under existing law, will add about $1
billion, and the first full-year effect of
Federal expenditures as measured in the December 1967 pay raise will add
the national income accounts are pro- another $% billion. The remainder of
jected to rise about $14 billion in fiscal the net increase in DOD outlays is
1969, somewhat less than the $16 attributable mainly to higher prices of
billion advance forecast for the current goods.
fiscal year. Purchases of goods and
New orders for strategic forces will
services—defense and nondefense—torise substantially in fiscal 1969, algether with transfer payments account
though their major impact on expendifor more than three-fourths of the rise.
tures will be felt in subsequent years.
National defense purchases—the
New orders for production and deploylargest single category of NIA expendment of antiballistic missiles (Sentinel)
itures—are expected to increase by
and large procurements of improved
$4% billion, the smallest increase since
land- (Minuteman III) and sea-based
before the Vietnam conflict. The rela- (Poseidon) ICBM's are scheduled. Both
tively moderate advance is based on a
Minuteman III and Poseidon are deleveling off of the U.S. commitment in
signed to carry multiple warheads and
Vietnam. The budget estimates that
other devices aimed at increasing their
Vietnam spending in fiscal 1969 will be capability to penetrate enemy defenses.
$25% billion, an increase of only $1%
In addition, the DOD will initiate a
billion from the $24% billion level pre- program of further hardening Minutedicted for this fiscal year. The number man III silos to make them even less
of military personnel in Vietnam is pro- vulnerable to enemy attack and will
jected to stabilize at 525,000, only begin converting the nuclear missileslightly above our present forces there. carrying submarines to handle the more
(The budget does not include the costs powerful Poseidon. (Table 5 provides a
resulting from the recent callup of detailed breakdown of DOD military
nearly 15,000 reservists.)
expenditures in the new unified budget;
these outlays differ somewhajb in scope
Pay raises scheduled
and timing from national defense purRising defense costs, aside from chases in the national income accounts.)
Vietnam, account for the remaining
For the first time in several years,
$3 billion increase, most of which is Atomic Energy Commission outlays
in the Department of Defense (DOD). will accelerate. The increase of over
Higher military and civilian pay scales, $200 million is due largely to expendischeduled to be effective July 1, 1968, tures on nuclear weaponry and production facilities required for the Sentinel
Table 4.—Reconciliation of New Unified
antiballistic missile system.
Budget Deficit With Federal Deficit,
National Income Accounts (NIA) Basis,
Nondefense purchases are slated to
Fiscal Years, 1967-69
rise $2 billion from fiscal 1968 to fiscal
[Billions of dollars]
1969. Higher agricultural purchases
account
for much of the rise; the decline
1967
1968
1969
that began in CCC inventories in fiscal
New unified budget deficit (— ).. -8.8 -19.8
-8.0
1963 is expected to halt in fiscal 1969. A
Plus: Net lending
5.2
58
33
pay raise for Federal workers and other
Equals: Expenditure deficit (-)__ -3.6 -14.0
-4.7
increased outlays resulting from higher
Plus: Excess of tax accruals over
collections
22
48
1 1 workloads, particularly in the Social
Security Administration and the InExcess of payments over
.4
deliveries
2
— 9
ternal Eevenue Service, account for the
Loan transactions excluded
rest of the advance.
from NIA, but included in
expenditure account1.4
21
17
Space outlays will continue to ebb,
i
9
1
All other
declining
to about $4% billion, well
Equals Federal deficit, NIA basis
2 1
75
10 0
below the nearly $6 billion level of
fiscal 1966, and about $% billion under
Source: U.S. Dept. of Commerce, Office of Business Economics.
fiscal 1968. Expenditures for the Apollo
Fiscal 1969 Expenditures
15
lunar landing program will be reduced
nearly $% billion. Planned increases in
programs of unmanned planetary probes
will partially offset this reduction.
Transfers continue sharp rise
Government expenditures, in addition to influencing GNP directly
through purchases of goods and services,
contribute to aggregate demand indirectly through various other types
of outlays such as grants-in-aid, transfers, interest payments, and subsidies.
Grants-in-aid help finance State and
local programs, such as highway and
hospital construction; the other types
of outlays increase private incomes and
expenditures.
Outlays other than for puchases
of goods and services are projected to
rise about $7)1 billion, somewhat less
than the $7% billion estimated for
fiscal 1968. Paced by higher Social
Security benefits, transfer payments
to persons account for nearly $5
billion of this rise. Grants-in-aid to
State and local governments are expected to advance $2 billion; net
interest paid is estimated to rise $%
billion. The other NIA categories—
subsidies (less the current surplus of
Government enterprises) and foreign
transfers—show little change.
Table 5.—Defense Department Budgetary
Expenditures, Military Functions, and
Military Assistance, Fiscal Years, 1967-69
[Billions of dollars]
1967
Actual
1968
Estimate
1969*
Estimate
68.3
74.2
77.2
Military personnel
Operation and maintenance
19.8
19.0
21.8
19.8
22.8
22.3
Procurement
Aircraft
Missiles
_
Ships
Vehicles and ordnance
Electronics and communications
Other
19.0
8.4
1.9
1.4
4.3
21.5
9.4
2.1
1.2
5.5
23.4
8.9
2.7
1.7
6.8
1.3
1.7
1.4
1.9
1.4
2.0
7.2'
1.5
.5
7.2
1.6
.5
7.8
1.4
.6
.1
.9
.1
.6
.1
.5
.5
1.4
-1.6
Total
Research, development, test,
and evaluation
Construction military
Family housing
Civil defense
Military assistance
Revolving and management
funds
-- -
*Total does not include amount attributable to the scheduled military and civilian pay increase.
Sources: "The Budget of the United States for Fiscal Year
Ending June 30, 1969," and U.S. Department of Defense.
SUEVEY OF CURRENT BUSINESS
16
The exceptional gain in personal transfers marks the third straight year that
increases in this category have
amounted to about $5 billion or better.
The estimated rise from fiscal 1966 to
fiscal 1969 is over $16 billion, an amount
close to the entire increase in transfers
in the previous 10 years. The introduction of Medicare, higher average benefits in many programs, and a growing
number of beneficiaries have been maj or
elements in this advance.
Higher Social Security
benefits
Social Security benefits (including
Medicare) account for about $4 billion
of the 1968-69 advance, with roughly
half of that attributable to the recently
passed Social Security Amendments.
This legislation—effective in March—
provides for a 13 percent across-theboard increase in benefits affecting 24
million persons, a rise in the minimum
monthly benefits from $44 to $55, increased benefits for 690,000 noninsured
persons 72 and over, liberalization of
the earnings test, and other program
changes that will augment personal
transfers. The remaining half of the
Social Security advance is due to addi-
tional OASDI beneficiaries, higher hospital and medical costs, and increased
utilization of Medicare services.
Larger benefits for veterans are also
expected to boost transfer payments.
Over 800,000 servicemen are currently
being discharged from the Armed
Forces each year as compared with
500,000 prior to the Vietnam war.
Education, training, and other readjustment benefits for these men as well
as increased expenditures for nonservice-connected pensioners (who were
recently given cost-of-living increases
averaging 5.4 percent) are reflected in
the fiscal 1969 increase in personal
transfer payments.
Other programs affecting transfers,
including manpower services, Federal
civilian pensions, military pensions,
railroad retirement, and unemployment
insurance, are also expected to register
increases.
Slower growth in grants
Continued growth in grants-in-aid is
called for in the fiscal 1969 budget although the increase is below the previous year because of budgetary restrictions. Urban assistance and medical
CHART 10
Nondefense Purchases
Billion $
24
20
16
12
-4
1950
52
56
58
60
FISCAL YEARS
* Estimates from "The Budget of the United States
for the Fiscal Year Ending June 30, 1969."
U.S. Department of Commerce, Office of Business Economics
68*
69*
February 1968
programs have been stressed in the new
budget.
A substantial advance in urban aid—
well over $% billion—is centered around
the Model Cities program, urban renewal, public housing, water and sewer
facilities, and urban transportation.
Medical and health care grants—including programs for health manpower,
research, and regional medical programs
as well as Medicaid—show similar increases. The rapid expansion of Medicaid reflects rising medical prices and
the expansion of the program from 43
to 48 States. An estimated 8K million
persons will receive assistance totaling
over $2 billion in fiscal 1969.
The largest grant programs—public
assistance (excluding Medicaid) and
highways—account for only a modest
fraction of the fiscal 1969 advance.
Education grants are expected to decline, reflecting decreases in grants for
higher education construction and for
purchases of equipment, books, and
counseling services at the elementary
and secondary level. Among the wide
range of other grant programs, vocational rehabilitation, maternal and child
welfare, employment security, water
pollution, and Appalachian development show marked increases.
Net interest paid will advance only
slightly less than in fiscal 1968. The
projected rise in both years results from
higher Federal debt and rising interest
rates. The budget estimates assume no
further increases in interest rates, but
since rates have risen sharply in recent
months, refinancing of maturing obligations at the prevailing higher levels will
increase interest payments.
Subsidies (less the current surplus of
Government enterprises) are projected
to level off in fiscal 1969 following an
expected $% billion drop during the
current fiscal year. Higher agricultural
subsidies (mainly for feed grains) will
be offset by a declining postal deficit if
the budget estimates materialize. The
lower postal deficit reflects largely the
first full year of the recently enacted
rise in postal rates (partially offset by
additional costs of pay increases for
postal workers). The operating deficit
of the CCC is also expected to decline.
U. S. GOVERNMENT PRINTING OFFICE : 1968 O - 287-569
CURRENT BUSINESS STATISTICS
JLHE STATISTICS here update series published in the 1967 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.50) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1963 through 1966 (1956-66 for major quarterly series), annually, 1939-66; for selected series,
monthly or quarterly, 1947-66 (where available). Series added or significantly revised after the 1967 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1966 issued too late for inclusion in the 1967 volume appear in the monthly
SURVEY beginning with the September 1967 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through
the courtesy of the compilers, and are subject to their copyrights.
1964
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966
1964
IV
Annual total
1965
I
II
1966
III
IV
I
II
19671
III
IV
I
II
III
IV
775 1
791.2
495. 3 ' 501. 8
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
Gross national product total
Personal consumption expenditures, total
632.4
683.9
743.3
645. 1
662. 7
675.4
690.0
do
401. 2
433.1
465.9
408.9
420.2
428.1
436.4
447.8
458. 2
461.6
470.1
473.8
480.2
489.7
59.2
25.8
25.0
66.0
29.9
27.0
70.3
29.8
29.9
58.7
24.6
25.6
65.2
30.4
25.8
64.2
29.2
26.1
66.1
29.8
27.3
68.6
30.3
28.9
71.6
31.4
29.4
68.2
28.5
29.1
70.9
29 8
30.6
70.6
29 6
30.6
69.4
27.3
31.4
72.5
29.7
31.9
72.7
29.9
32.1
178.7
33.5
92.9
14.0
191.2
36.1
99.0
15.1
207.5
40.3
106. 7
16.2
182.9
34. 5
95.1
14.3
184.6
34.6
95.6
14.3
189.8
35.6
98.3
15.1
192.4
36.2
99.4
15.3
198.0
37.8
102.5
15.7
203.2
39.5
105.2
15.8
207. 1
39.8
107.0
16.2
209 5
41.0
107.3
16 3
210.3
40.8
107.2
16.6
214 2
41.5
109.3
17.1
217.2
43.2
110. 1
17.5
218.5
43.7
110.9
17.5
r
163.3
24.3
59.3
11.6
175.9
25.7
63.6
12.6
188. 1
27.0
67.1
13.6
167.3
24.5
60.8
11.8
170.4
24.7
61.9
12.0
174.2
25.5
63.2
12.5
177.8
26.1
64.2
12.8
181.2
26.5
65.3
13.1
183 5
26.1
66.2
13.2
186.3
26.9
66.5
13.5
189 8
27.4
67.4
13 7
192 9
27.7
68.5
14.0
196 6
27.8
69.6
14.4
200 0
28.1
70. 6
14.6
204 1
28.1
71.9
14.8
r
Durable goods, tota!9
do
Automobiles and parts
do
Furniture and household equipment _ _ do_.
Nondurable goods, total 9
Clothing and shoes
Food and beverages
Gasoline and oil
Services total 9
Household operation
Housing
Transportation
do
_.do
do
do
_ _ _ _ _ _ _
r
bil. $
do
_do
do
do
708.4
725.9
736 7
748 8
762 1
766 3
807. 3
r
r
73.8
30. 1
32.6
220. 3
43. 1
112.2
17.8
r
207. 7
r
r
90 o
73.3
15.1
94.0
107.4
118.0
97.9
105.1
105.1
108.2
112.3
115.2
118.5
116.4
122.2
110. 4
105. 1
112.2
' 120. 8
88.2
61.1
21.2
39.9
27.1
26.6
5.8
6.4
98.0
71.1
25.1
46.0
27.0
26.4
9.4
8.4
104.6
80.2
27.9
52.3
24.4
23.8
13.4
13.7
90.2
63.4
21.8
41.6
26.8
26.3
7.7
8.1
94.4
67.3
23.1
44.1
27.2
26.6
10.6
10.1
96.3
69.3
24.7
44. 6
27.0
26.5
8.8
7.9
98.8
71.9
25.1
46.8
26.9
26.4
9.4
79
102.4
75 7
27.3
48.3
26.8
26.2
9.9
87
105.3
78.3
28.3
50.0
27.0
26.5
9.9
96
104.5
78.7
27.5
51.2
25.8
25.3
14.0
14.4
104.9
81 2
28.2
53.1
23 7
23.2
11.4
12 0
103. 7
82.8
27.7
55.1
20.9
20.4
18.5
19 0
103. 3
81.9
27.7
54. 2
21.4
20.9
7.1
7 3
104.6
81.5
26.3
55.2
23.1
22.5
.5
.6
108.4
82.8
26.6
56.2
25.6
25.0
3.8
3.4
'111.6
'84.0
'26. 7
57.3
'27.6
'27.0
'9.2
r
7.7
8.5
37.1
28.6
6.9
39.1
32.2
5.1
43.0
37.9
8.5
38.3
29.8
6.1
35.1
28.9
8.2
40.7
32.6
7.4
40.3
32.9
6.1
40 5
34.4
6.1
42.0
36.0
5.4
42.5
37.1
4.6
43.7
39.0
4.3
44.0
39.7
5.3
45 3
39.9
5.3
45.1
39.8
5.4
45.6
40.2
'3.0
'45.4
'42.4
Govt. purchases of goods and services, total. _do
Federal.
_.___
do
National defense
do
State and local
.._
do. .
128.7
65.2
50.0
63.5
136. 4
66.8
50.1
69.6
154.3
77.0
60.5
77.2
1,29.8
;*?64. 5
48.9
65.3
131.3
64.3
48.4
66.9
133.9
65.4
49.2
68.6
138.1
67.6
50.3
70.4
142.3
69.8
52 4
72 5
146.5
72.1
55.1
74.3
151.2
74.9
58.4
76.2
157.7
79.5
63.0
78.1
161. 7
81.5
65.6
80.2
170. 4
87. 1
70 2
83.3
175. 0
89.5
72.5
85.4
178.2
90.9
73.3
87.4
r 181. 7
By major type of product:
Final sales, total
Goods, total
_
Durable goods
Nondurable goods
Services
Structures
626.6
313.6
122.8
190.7
244.2
68.8
674.5
337.2
132.8
204.4
262.9
74.4
729 9
366.2
144 7
221.5
287.2
76 5
637 4
317.9
123.3
194.7
250.1
69 3
652 0
325.9
129. 6
196.3
254.6
71 6
666 5
332.8
130 0
202.9
260.1
73 6
680 6
340.2
133 9
206.3
266 0
74 4
698 5
349 9
137 9
212 0
271 0
77 6
716 0
359.6
143 2
216.4
276 6
79 9
722 6
361.7
141 6
220.1
283.5
77 4
737 4
370 3
145 8
224.5
291 6
75 5
743 6
373. 2
148 3
224.9
296 9
73 5
759 2
380 9
150 5
230 5
303 1
75 2
774. 6
391.6
156.0
235.5
307.8
75.2
787 4
394. 9
157.9
237.0
313. 5
79 0
r
r
r
r
5.8
4 2
1.6
9.4
6.7
2.7
13.4
99
3.5
7.7
4 5
3.2
10.6
8 7
2.0
8.8
7o
1.8
9.4
71
2.3
9.9
50
4.9
9.9
74
2 5
14.0
9 7
4.3
11.4
9g
1.5
18.5
12 8
5.7
7.1
34
37
.5
—.6
1.1
3.8
35
.3
bil. $
581.1
616.7
652.6
588.5
601.5
609.7
620.7
634.4
645 4
649.3
654.8
661.1
660 7
664.7
672. 0
r
do
373. 7
398. 4
418.0
379.3
389.1
394.1
400.7
409.9
416.2
415.2
420.4
420.4
424.2
430. 6
431.5
' 434. 0
do
do
_ _ do
59 0
170.3
144. 4
66.4
178.9
153.2
71 3
187 7
159.1
58 7
173 5
147.1
65 0
174 7
149 4
64 1
178 0
152.0
66 8
179 3
154.6
69 5
183 6
156 8
73 0
185 8
157 3
69 3
187.7
158.2
71 9
188 8
159.8
71 1
188.4
160.9
69 7
191 8
162 6
72.9
193. 6
164. 1
72.7
192.8
166.0
73.0
'. 193. 0
' 167. 4
87.8
98.0
105. 6
90.8
95.9
95.9
98.3
101.6
104.0
106.5
103.6
108. 4
96.9
91.3
96.4
r 103. 0
81 9
57.8
24 2
5.8
89 1
66.0
23 2
8.8
93 0
72.8
20 2
12.6
83 2
59.7
23 5
7.6
86 6
62 9
23 7
9^3
87 9
64 5
23 4
8.0
89 6
66 7
23 o
8.7
92 4
69 7
29 g
9.2
94 5
71 8
22 8
9.5
93 1
71.7
21 4
13. 4
93 0
73 6
19 4
10.6
91 2
74.2
17 0
17.2
90 2
73 0
17 3
6.7
90.9
72.6
18.3
•4
92.9
73.2
19.7
3.5
r94.4
r
8.3
6.0
4.4
7.9
5.2
6.8
6.4
5.6
5.4
4.8
4.1
3.2
4.1
4.1
4.2
135.5
72 3
63.2
138.7
74.4
64.3
139.9
75.1
64.9
Gross private domestic investment, total
do
Fixed investment
__do
Nonresidential
do
Structures
_ _ _
do_
Producers' durable equipment
do
Residential structures
do
Nonfarm
- do _
Change in business inventories
. _ _ _ _do_ __
Nonfarm
do
Net exports of goods and services
Exports
Imports
- _ _ _-
do
do
_ - _ do_ __
do
do_ _
do
_ do
do
do
...
Change in business inventories
Durable goods
Nondurable goods
do
do
do
-•92.2
' 74.2
89.5
798. 1
396. 0
158. 6
237. 4
' r320. 3
81.8
>r 9 . 2
4.5
'4.7
GNP in constant (1958) dollars
Gross national product, total
Personal consumption expenditures, total
Durable goods
Nondurable goods
Services
_
___
Gross private domestic investment, total
Fixed investment __ _ . _
Nonresidential
Residential structures
Change in business inventories
Net exports of goods and services
do____
do
do
do
__do
_._do____
Govt. purchases of goods and services, total, .do
111.2
114.3
110.5
124.5
111.3
Federal
. _
do
58 1
57 8
64 7
56 3
56 7
State and local
_
do
53.2
56.4
59.9
53.8
55! o
r
Revised.
v Preliminary.
1 Annual totals for 1967 for national income and product
and disposition of personal income appear on p. 3 ff. of this issue of the SURVEY.
287-569 O - 6 8 - 2
112.9
115.3
57 1
58 5
55.8
56.7
9 Includes data
122.7
117.4
119.9
63 4
59 3
61 2
59.4
58.0
58.7
not shown separately.
126.6
66 4
60.1
129.1
67 8
61.3
s-1
679. 6
73.3
'21.0
'8.7
'1.9
' 140. 7
'74. 7
66.0
February 1968
SURVEY OF CUEEENT BUSINESS
S-2
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1964
1965
1966
Annual total
I
II
III
IV
I
II
1968
1967 «
1966
1965
III
IV
I
II
III
I
IV
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
bil $
518.1
562.4
616.7
544.9
555.3
566. 5
582.8
600.3
610.4
622.1
634.1
636. 4
641.6
653.4
Compensation of employees, total _ _
do
365.7
393.9
435.7
381.5
388.6
397.2
408.4
420.8
430.7
441.2
450.2
459.1
463.4
472.6
Wages and salaries, total
Private
_
Military
Government civilian
Supplements to wages and salaries
do
do
do
do
do
333.7
269.4
11.7
52.6
32.0
359.1
289.8
12.1
57.1
34.9
394.6
316.7
14.7
63.2
41.1
347.7
280.8
11.8
55.1
33.8
354.2
286.2
11.7
56.3
34.5
362.0
292.1
12.1
57.8
35.2
372.4
300.0
13.1
59.4
36.0
381.3
306.9
13.6
60.7
39.5
390.2
313.8
14.2
62.2
40.5
399.6
320.1
15.1
64.3
41.6
407.4
326.1
15.8
65.6
42.7
414. 7
331.4
16.1
67.3
44.4
418.3
333.2
16.2
68.9
45.2
426.2 r 435. 9
339.4 ' 346. 2
17.3
16.3
72.5
70.6
47.6
46.4
do
do
do
do
52.3
40.2
12.1
18.0
56.7
41.9
14.8
19.0
59.3
43.2
16.1
19.4
55.0
41.4
13.6
18.6
56.7
41.7
15.0
18.9
57.2
42.0
15.2
19.1
57.8
42.5
15.3
19.2
60.0
42.8
17.1
19.2
59.3
43.3
16.0
19.3
59.2
43.3
15.9
19.4
58.6
43.4
15.1
19.6
57.8
43.2
14.6
19.8
57.8
43.4
14.3
20.0
58.8
43.8
15.0
20.2
82.2
72.6
73.4
74.9
78.7
81.1
81.3
81.9
84.6
78.1
78.3
79.2
8.4
66.5
38.6
16.5
22.1
8.6
70.0
41.0
17.4
23.7
8.9
72.2
42.7
18.3
24.3
9.0
72.2
42.5
18.5
24.0
9.5
72.4
42.7
18.8
23.9
9.6
75.0
44.4
19.2
25.3
9.6
68.5
39.6
18.4
21.1
9.5
68.8
38.9
17.8
21.1
9.6
69.6
38.2
17.7
20.5
National income, total
Proprietors' income, total 9
Business and professional 9
Farm
.
Rental income of persons
.•
r
483. 6
59.3
44.1
15.2
20.4
Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups:
Financial institutions
do
Nonfinancial corporations total
do
Manufacturing total
do
Nondurable goods industries
do
Durable goods industries. ...
do
Transportation, communication, and public
utilities
bil $
All other industries
do
66.3
74.9
7.9
58.4
32.7
14.9
17.8
8.4
66.5
38.7
16.5
22.2
9.3
72.9
43.1
18.7
24.4
8.2
64.4
37.5
15.9
21.6
8.4
65.0
37.7
16.0
21.6
10.1
15.5
11.2
16.6
11.9
18.0
10.6
16.3
10.9
16.5
11.2
16.7
12.0
17.0
11.7
17.8
12.0
17.8
11.8
17.9
12.0
18.6
11.7
17.3
11.9
18.0
12.1
19.3
Corporate profits before tax total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest
66.8
28.3
38.4
17.8
20.6
-.5
15.8
76.6
31.4
45.2
19.8
25.4
-1.7
17.9
83.8
34.5
49.3
21.5
27.8
-1.6
20.2
74.0
30.3
43.7
18.7
25.0
-1.4
17.1
75.6
30.9
44.6
19.4
25.2
-2.1
17.6
75.8
31.1
44.8
20.2
24.6
-.9
18.2
80.8
33.1
47.7
20.9
26.8
-2.2
18.8
83.7
34.5
49.2
21.4
27.8
-2.6
19.3
83.6
34.5
49.2
21.6
27.6
-2.3
19.8
84.0
34.6
49.4
21.6
27.8
-2.2
20.4
83.9
34.6
49.3
21.2
28.2
.7
21.1
79.0
32.5
46.5
22.2
24.2
-.8
21.6
78.9
32.5
46.5
23.1
23.4
7
22! 1
80.0
32.9
47.1
23.4
23.6
-.8
22.7
bil $
do
do
do
do
497.5
59.4
438.1
411.9
26.2
537.8
65.6
472.2
445. 0
27.2
584.0
75.2
508.8
479.0
29.8
520.3
64.3
456.0
431.6
24.5
530.1
66.1
464.0
439.9
24.0
544.6
65.2
479.4
448.5
30.9
556.1
66.7
489.4
460.1
29.3
567.8
70.4
497.5
470.9
26.6
577.3
74.1
503.3
474.6
28.7
589.3
76.9
512.4
483.2
29.2
601.6
79.6
522.0
487.4
34.6
612.9
80.2
532.7
493.9
38.8
619. 1
79.1
540.0
504.0
36.0
631.0
82.8
548.2
509.6
38.5
r 557!
9
r
2
bil. $
..do
do
do
44.90
18.58
9.43
9.16
51.96
22.45
11.40
11.05
60.63
26.99
13.99
13. 00
10.79
4.54
2.25
2.28
12.81
5.47
2.76
2.70
13.41
5.73
2.91
2.82
14.95
6.72
3.48
3.24
12.77
5.61
2.87
2.74
15.29
6.78
3.51
3.27
15.57
6.84
3.54
3.30
17.00
7.75
4.07
3.68
13.59
6.10
3.08
3.02
15.61
6.81
3.46
3.34
15.40
6.48
3.33
3. 15
116.87 214.32
6.07
7.46
3.17
3.90
2.90
3.55
1.19
1.41
2.38
6.22
4.30
10.83
1.30
1.73
2.81
6.94
4.94
11.79
1.47
1.98
3.44
8.41
5.62
12.74
.29
.39
.58
1.32
1.08
2.59
.33
.44
.77
1.71
1.24
2.85
.32
.44
.72
1.88
1.22
3.10
.35
.46
.73
2.04
1.41
3.25
.33
.40
.75
1.60
1.26
2.83
.40
.55
1.00
2.09
1.42
3.06
.37
.48
.82
2.36
1.36
3.33
.38
.55
.86
2.36
1.58
3.52
.32
.41
.70
1.84
1.35
2.87
.34
.41
1.12
2.46
1.49
2.99
.37
.35
.98
2.66
1.46
3.09
49.00
20.75
10.40
10.40
50.35
21.55
10.80
10.70
52.75
23.00
11.75
11.25
55.35
24.15
12.45
11.70
58.00
25.60
13.15
12.45
60.10
26.80
13.85
12.95
61.25
27. 55
14.35
13.20
62.80
27.75
14.50
13.25
61.65
27.85
14.20
13.70
61.50
27.00
13.75
13.25
60.90 i 62. 05 2 65. 05
26.55 27.75
26.15
14. 60
13.75
13. 50
13.15
12.80
12.65
1.25
1.75
2.55
6.80
4.55
11.30
1.30
1.55
2.70
6.85
4.80
11.60
1.25
1.70
3.00
6.75
5.05
11.95
1.35
1.95
3.00
7.30
5.30
12.25
1.40
1.75
3.30
8.25
5.35
12.35
1.55
2.00
3.50
8.30
5.50
12.45
1.45
1.85
3.40
8.55
5.60
12.85
1.45
2.35
3.50
8.50
5.95
13.30
1.40
1.80
3.05
9.20
5.75
12.55
1.30
1.55
3.90
9.70
5.80
12.25
1.60
1.50
1.45
1.50
1.45
1.40
4.75
4.45
4.10
11.15
9.60
9.80
6.05
11.95 3 18. 50 s 18. 35
8,768
5,628
210
1,499
1,431
10, 180
6,880
192
1,562
1,546
10, 080
6,811
230
1,474
1,565
10, 119
6,925
212
1,353
1,629
10,511
7,203
209
1,469
1,630
10, 618
7,181
222
1,535
1,680
10, 913
10, 997
7,402
210
1,654
1, 731
11, 361
7,676
339
1,578
1,768
11, 362
7,717
336
1,547
1, 762
do
do
do
do
do
do
do
22.4
r-2.3
23.3
DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
Less: Personal tax and" nontax paymentsEquals* Disposable personal income
Less* Personal outlays©
Equals" Personal saving§
r 642. 5
516.
41.6
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
_
Manufacturing
_ _ _ _
Durable goods industries^ _ _
Nondurable goods industries^!
Mining
Railroad
_
Transportation, other than rail
Public utilities
'
Communication
Commercial and other
do
do
do
do
do
do_ __
Seas. adj. qtrly. totals at annual rates:
All industries
do
Manufacturing
_ _ _ do
Durable goods industries!
do
Nondurable goods industries! _
-do
Mining ._ ___ _
do _
Railroad
_ _
__
do
Transportation, other than rail
do
Public utilities - _•_
_ _ _ _ - _._ do.
Communication
do
Commercial and other
do
.40
.37
1.08
2.63
.37
.34
1.10
2.22
34.95
34.22
U.S. BALANCE OF INTERNATIONAL
PAYMENTScf
Quarterly Data Are Seasonally Adjusted
(Credits -f; debits — )
Exports of goods and services (excl. transfers under
military grants)
mil $
Merchandise, adjusted, excl. military.
do
Military sales. _
___ _ do ___
Income on U.S. investments abroad
do
Other services
do
37,099
25, 297
747
5,389
5,666
39, 147
26,244
844
5,888
6,171
43, 039
29, 168
847
6,245
6,779
-28, 637 -32, 203 -37, 937 -7, 232 -8, 139
Imports of goods and services
do
Merchandise, adjusted, excl. military,.- _ do_ _ -18, 621 -21, 472 -25, 510 -4, 669 -5, 475
-711
Military expenditures
do
-2, 861 -2, 921
-671
3 694
-2, 074
-424
Income on foreign investments in the U.S__do
-1,455 -1, 729
-401
-5,700 -6,081 -6,659 -1, 491 -1, 529
Other services
do
Unilateral transfers, net (excf. military grants);
9 O95
RKA
9 8^4
-2, 782
-775
r
Revised.
p Preliminary.
<* See note 1 on p. S-l.
i Estimates for Oct.-Dec. 1967 based on anticipated capital (expenditures of business,
2 Estimates for Jan.-Mar. 1968 based on anticn:>ated cap ital expenditures of busin ess.
Anticipated expenditures for the year 1967 are as foliows (in bil $) : All industries, 61.48; manufacturing, total, 26.84; durable goods industries, 13. 78; nondu rable goods industries, 13 .07;
mining, 1.43; railroad, 1.55; transportation,
3.88; put>lic utiliti es, 9.59; commercial and ot her
3
(incl. communication), 18.20.
Includes commun i cation.
9 Includes inventory valuation adjustment.
-8, 233 -8, 599
-5, 556 -5, 772
-754
-785
-435
-469
1 488 -1, 573
1, 587
-8,997 -9, 265 -9, 762
-6, 025 -6, 225 -6, 580
-911
-953
-861
-471
-565
-475
1 658
-1, 636
-9, 913 -10,004
-6, 680 -6, 662
-969 -1, 045
-557
-563
-1, 701 -1,740
p 11,479
p7,644 p 7,478
?205
p 1, 834
p 1, 796
-10, 038 p-10,110
-6, 558 p-6,555 p-7,111
-1,070 p-1, 072
-547 p-583
-1,863 p-1, 900
p-864
-852
-728
-632
733
-709
-725
-660
-851
©P ersonal c utlays comprise personal consum ption ex]Denditunis, intere st paid by conto
foreigr
lers.
sumei s, and p ersonal ti ansfer p£lyments
§Pe rsonal sa ving is ejccess of d isposable income over pers onal out ays.
5[Djita for in dividual durable and nondurable goods inclustries c,ompone]its appear in the
Mar., June, Se pt., and Dec. issu es of the SURVEY.
c^M ore comj>lete deta ils are giv en in the quarterl y review.? in the IV[ar. , Jun(j, Sept., and Dec.
issues of the SiJRVEY.
SURVEY OF CURRENT BUSINESS
February 1968
1964
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1965
Annual total
S-3
1965
I
II
1966
III
IV
I
II
1967
III
IV
I
II
1968
III
IV
I
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
U.S. BALANCE OF INTERNATIONAL
PAYMENTS §— Con.
Quarterly Data Are Seasonally Adjusted
Transactions in U.S. private assets, net; increase
(— )
mil. $
Transactions in U.S. Govt. assets, excl. official
reserve assets; increase (— ) _
_ mil. $ _
Transactions in U.S. official reserve assets, net;
increase ( — )
mil $
Transactions in foreign assets in the U.S., net (U.S.
liabilities)- increase (+)
mil. $
Liquid assets
do
Other assets
do
Unrecorded transactions
do
Balance on liquidity basis—increase in U.S. official
reserve assets and decrease in liquid liabilities to
all foreigners; decrease ( — )
mil. $
Balance on official reserve transactions basis—increase in U.S. official reserve assets and decrease in
liquid and Certain nonliquid liabilities to foreign
official agencies; decrease (— )
mil. $
-3, 743
-4, 213
-1, 657
-389
-885
-812
-981
-1, 135
-932
-1,165
-957
-1,674 -1,575
-1, 531
-396
-490
-244
-445
-365
-500
-328
-338
-737
-556
p-473
171
1,222
568
842
68
41
271
424
68
82
-6
1,027
-419
p-375
3,314
2,629
685
-949
391
113
278
-415
3,301
789
2,512
-302
286
-24
310
53
-342
-267
-75
-113
211
416
-205
-245
236
-12
248
-110
492
227
265
-233
1,145
54
1,091
-198
459
83
376
277
1, 205
425
780
-148
325
-498
823
-287
2,193 p 1, 884
966 » 1, Oil
1,227
^873
P154
-553
-2, 800
-1,335
-1,357
-818
199
-457
-259
-651
-122
-419
-529
-547
*-636 p- 1,832
-1,548
-1,304
225
-834
239
-916
-443
-175
-828
*470 p- 1, 204
-6, 542
1965
1966
Annual
207
1966
Dec.
-165
861
-18 -1,815
-1, 137 p-1, 695
1967
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Dec.
Nov.
Jan.p
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
537.8
584.0
605.0
610.4
612.6
615.6
616.5
618.2
622.6
627.0
631.6
634.4
635.9
642.4
'649.3
651.2
359.1
144.5
115. 6
86.9
394.6
159.3
128.1
93.9
410.0
164.9
132.8
97.2
413.8
166.2
133.7
98.4
414.2
165.2
132.7
98.6
416.2
165.6
132.9
99.1
416.7
165.0
132.5
99.1
417.2
164.3
132.2
99.3
420.9
165.2
133.0
100.4
423.4
166.1
133.2
101. 3
426.7
168.0
135. 3
101.8
428.5
168.2
135.4
102.1
429.4
167.9
134.9
102.6
435.3
171.2
137.5
103.7
r 443. 1
'173.3
' 139. 2
' 103. 9
442.7
173.8
140.1
104. 9
do _ _
do
do
58.3
69.3
18.6
63.5
77.9
20.8
65.9
82.0
21.9
66.4
82.7
22.1
66.9
83.4
22.2
67.6
84.0
22.4
68.2
84.5
22.6
68.6
85.0
22.8
69.5
85.7
23.1
69.6
86.4
23.3
70.1
86.9
23.6
70.8
87.4
23. 8
71.1
87.8
24.0
71.9
88.4
24.3
' 72. 8
93.1
24.6
73.2
90.8
24.9
do
do
41.9
14.8
43.2
16.1
43.5
15.3
43.3
15.0
43.2
14.6
43.1
14.3
43.3
14.4
43.4
14.4
43.6
14.3
43.7
14.7
43.8
15.0
43.9
15.3
44.0
15.1
44.1
15.2
44.2
15.3
44.3
15.4
19.0
19.8
38.4
39,7
19.4
21.5
42.4
43.9
19.7
20.2
44.8
48.5
19.7
21.8
45.0
49.7
19.8
22.3
45.2
51.1
19.9
22.6
45.5
51.7
20.0
22.8
45.8
51.0
20.0
23.1
46.0
51.5
20.1
23.3
46.1
51.6
20.2
23.5
46.4
52.2
20.2
23.5
46.9
52.4
20.3
23.4
47.3
52.5
20.3
23.2
47.6
52.8
20.4
23.1
48.0
52.8
20.4
21.0
'48.5
53.1
20.5
22.9
48.9
53.8
13.4
17.9
18.8
20.0
20.0
20.1
20.1
20.1
20.3
20.4
20.6
20.6
20.6
20.8
'21.1
22.3
590.2
593.0
596.2
598.8
603.2
611.4
614.0
615.7
622.0 ' 628. 8
630.5
bil $
Wage and salary disbursements, total
do
Commodity-producing industries, total-do
Manufacturing _ _ _ _ _ _ _
_do _ _
Distributive industries
do _ _
Service industries. _ _ _ _ _ _ _
Government
Other labor income
Proprietors' income:
Business and professional
Farm _
Rental income of persons
do
Dividends
_
_ do
Personal interest income
__ -do _ _
Transfer payments
do
Less personal contributions for social insurance
bil. $Total nonagricultural income
do
518.4
563.1
584.8
596.9
607.2
FARM INCOME AND MARKETINGS
Cash receipts from farming, including Government
payments (48 States), total
mil. $
Farm marketings and CCC loans, total
do
Crops
do
Livestock and products, total 9
_ _do_
Dairy products
do
Meat animals __
do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1957-59=100Crops- _ _ _
_
do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:
All commodities
1957-59= 100- _
Crops. _
do
Livestock and products
do
41, 547
46, 485
3,940
3,865
2,969
3,086
2,776
2,858
3, 259
3,441
4,477
4,842
5,388
4,688
3,811
39, 095
17, 250
21, 845
5,022
12, 951
3,571
43, 219
18,384
24, 835
5,502
14,890
4,134
3,889
1,865
2,024
480
1,157
361
3,802
1,728
2,074
489
1,227
321
2,757
916
1,841
452
1,088
263
2,848
842
2,006
502
1,166
306
2,682
828
1,854
493
1,052
270
2,825
743
2,082
529
1,226
291
3,236
1,245
1,991
497
1,178
295
3,335
1,405
1,930
474
1,127
316
3,654
1,515
2,139
466
1, 323
338
3,953
1,778
2,175
459
1,358
346
4,915
2,581
2,333
470
1,523
330
4,626
2,592
2,034
454
1, 271
299
3,767
1,862
1,904
478
1,104
297
121
125
118
134
134
134
145
163
131
141
151
132
103
80
120
106
73
130
100
72
120
105
65
135
120
109
129
124
122
125
136
132
139
147
155
141
183
225
152
172
226
132
140
163
124
118
119
. 118
121
121
120
138
160
122
135
153
122
94
73
110
97
62
123
91
55
117
95
52
127
113
100
122
118
121
116
129
129
129
139
148
131
176
218
144
168
219
129
135
158
119
INDUSTRIAL PRODUCTION &
Federal Reserve Index of Quantity Output
Unadj., total index (incl. utilities)rfL_1957-59 =100__
By industry groupings:
Manufacturing, total. _
do
Durable manufactures
do
Nondurable manufactures
do
Mining
do
Utilities
do
By market groupings:
Final products, total.
Consumer goods
Automotive and home goods. _.
Apparel and staples
Equipment, including defense
Materials
Durable goods materials
Nondurable materials _
r
Revised.
* Preliminary.
§ See note marked " d* " on p/^S-2.
143.4
156.3
156.9
156.4
156. 6
157.0
157. 9
156.0
159.0
150.5
157.9
161.1 ' 161. 5 r 161. 2 ' 160. 4
159. 4
145.0
148.4
140.8
114.8
160.9
158.6
164.8
150.8
120.5
173.9
158.8
167.8
147.6
122.6
157.8
164.5
149.4
121.4
158.4
163.4
152.1
121.9
158.9
164.4
152.1
120.1
160.3
164.9
154.4
122.1
158.1
164.1
150.6
121.8
161.0
165.6
155.3
123.9
150. 5
154.7
145.1
124.8
158.3
158.9
157.4
129.0
162.6
163.8
161.2
125.6
' 163. 7 '163.5
r 164. 4 ' 167. 1
r 162. 9 ' 158. 9
124.2
r 124. 7
162. 3
169. 4
153. 3
122. 2
160.5
166.6
152.9
121.2
do
do
do
do
__do
142.5
140.3
159.9
134.1
147. 0
155.5
147.5
166.5
141.4
172.6
157.2
145.4
168.7
138.0
182.4
157.0
145.9
160.6
141.3
180.7
156.8
145.8
157.2
142.1
180.4
157.2
146. 2
160. 1
141.8
180.8
157.7
147.1
161.8
142.5
180.3
155.2
144.2
157.8
139.8
179.0
159.8
150.5
162.0
146.8
180.0
151.2
139.9
132.9
142.2
175.3
156.9
147.7
137.4
151.1
176.4
163.3 ' 162. 2
155.4
155.7
162.2
170.0
153.7
150.8
179.5 '176.8
' 160. 8
' 150. 0
' 174. 7
159.7
149.1
168
do
do
do
144.2
144.3
144.1
157.0
156.9
157.2
156.6
154. 5
158.7
155.9
152.2
159.7
156.5
151.5
161.7
158.3
150.0
156.7
158.1
156.6
158. 9
154.3
151.9
152.5
152. 5
145.0
152.5
162.4
163.9
160.9
155.2
165.4
161.7
cTR<^visions 1or 1966 a ppear on p. 20 of ;he Nov
9 In eludes d£ita for ite/ms not s hown se >arately.
' 161. 3
r 151. 9
' 171. 7
145.6
' 181. 6
'
'
'
'
' 184. 1
r
159.1 *r 160. 8 161. 0 ' 160. 1
152. 6 ' 153. 8 ' 154. 6
152.0
166.4 ' 169. 3 ' 168. 5 165.9
1967 SuiRVEY.
182.5
159.0
152
166
S-4
February 1968
SURVEY OF CURRENT BUSINESS
1966
Unless otherwise stated, statistics through 1966 1965
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
Annual
Dec.
1968
1967
1966
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Dec.
Nov.
Oct.
Jan.p
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTIONcf-Continued
Federal Reserve Index of Quantity Output— Con.
Seas, adj., total index (incl. utilities) cf- 1957-59 =100_
By industry groupings:
Manufacturing, total _
do
143.4
145. 0
156.3
158 6
159.5
161 7
160 1
156.6
158 5
156.4
158 2
156.5
158 2
155.6
157.2
155.6
157.0
156.6
157.6
158.1
156.8
159.4
158.1
'156.9
' 159. 5 '161.8
160.9
' 158. 3
do
do
do
do
do
do
133.6
152 2
147.8
145.4
164.8
142 7
136 2
166 2
163.0
158.8
167.7
137 6
130 1
163 5
168.7
161.4
165.5
132 6
124 9
163 5
166.7
160.7
162.9
131 9
124 8
167 2
165.0
160.9
162.6
129 2
123.7
162 1
162.9
160.1
162.5
129 1
122.7
161 4
161.0
158.1
162.2
128.9
122.9
154 4
160.8
156.4
161.5
129.0
121.2
156 4
160.8
156.9
162.5
129.6
122.3
155 3
159.8
156. 1
163.6
129. 3
124.3
144 2
159.1
156.8
Machinery. _ _ _ _ _ _ _
Nonelectrical machinery
Electrical machinery
Transportation equipment 9
Motor vehicles and parts
Aircraft and other equipment
do
do _
do
do
do
do _
160 5
160.4
160.6
149.2
175 2
125.3
183 8
181.9
186.4
166.9
168 7
165.0
190 3
190 4
190.2
169.1
163 7
173.7
190 3
190.7
189.7
162.6
147 2
176.0
186 8
187.3
186.2
157.5
136 5
175 6
184 5
185.2
183.6
162.6
143 8
178.8
182.1
183.5
180.3
165.7
149 5
179.8
180. 5
181. 7
178.9
167.5
152.0
181.4
177.5
181.3
172.4
169.3
154.5
181.8
180.0
182.2
177.1
170.8
156.7
182.6
182. 8
182.6
183.2
171.9
158.0
183.6
182.2
182.1
182.4
159.2
129.4
184.3
179.6
177.2
182.8
' 159. 2
' 128. 6
185.2
Instruments and related products
Clay, glass, and stone products
Lumber and products
Furniture and
fixtures
Miscellaneous manufactures
do
do
do
do
do
151.4
133.5
117 4
157.4
146.0
176.5
140.7
119 4
171.9
157.9
184.6
138.1
112 8
175.2
160.9
186.2
137.2
113 7
172.1
160.3
183.4
136.9
115 2
170.6
157.1
185.8
134.9
117 3
166.5
158.2
185.2
136.0
119 1
166.5
159.2
185.3
134.8
115 6
166.5
158.1
184.1
133.5
114 9
166.3
156.7
182.9
134.1
115 5
162.7
155.4
183.2
136.9
109 2
164.8
154.9
183.1
138.4
114.3
166.3
156.4
183.2
139.7
117.0
166.6
155.0
'
'
'
'
185.4
186.5
139. 2 ' 143. 5
120. 6 121.8
167. 8 171.3
155. 1 ' 156. 8
Nondurable manufactures
Textile mill products
Apparel products
Leather and products
Paper and products
do
do
do
do
do
140.8
134 9
145 1
150.8
142 5
150 1
153.4
140 7
150 2
152.9
138 9
147 1
1O7 7
103 7
152 5
152 4
152 1
151.1
137 8
142 6
105 0
151 4
151.4
136 6
142 4
105 4
151 6
151.5
136 8
144.2
103 0
149 0
154.0
138 7
146 4
152 1
152.6
138 8
143 6
101 0
152 4
152.8
137 8
142 5
142 3
154.1
141 7
152 2
mi
152 6
154.2 '
141.3 '
146.8 '
108 4 '
152.9 '
155. 2 '
144. 9 '
146. 2
109 7
154. 5 '
156. 8 ' 158. 3
147. 4
152.8
149.0
113.4
156. 1
157.9
Printing and publishing
Newspapers
Chemicals and products
Industrial chemicals
Petroleum products
do
do
do
do
do
130.3
124 9
142.1
134 2
143.7
133 2
145.5
133 7
146.1
134 8
147.4
132 8
148.3
133 8
147.4
133 1
147.8
134 3
148.3
136 1
148.6
137 0
1Q6 3
221 0
128 3
231 7
129 0
231 R
128 7
230 9
127 4
231 3
130 1
Rubber and plastics products
Foods and beverages8
Food manufacture*
Beverages
Tobacco products
do
do
do
do
do
m
m
Mining
Coal
_
Crude oil and natural gas
Crudeoil.
Metal mining
Stone and earth minerals
Utilities, _. ..
Electric
Gas
_ _
_
_
By market groupings:
Final products, total cf._
__
Consumer goods
Automotive and home goods
Automotive products
Autos
148.4
137 6
108 9
o
m
7
n
228 8
132 1
227 5
134 4
227 6
132 8
231 4
133 2
IRK 7
1 fifi Q
903 1
' 145. 5 ' 144. 3
134.4
129.9
206.7
209.8
242.3
' 138. 8
139.8
145.4
135.7
202 3
234.2
137.0
144.3
134.0
'205 5
' 238. 8
' 137. 6
202 4
131.2
128 9
143.8
120.2
' 199 1 205.5
132.2 ' 132. 8
129 3 ' 130. 1
147.1
147.5
118.0
115.5
1 9Q 4
146 3
116 0
141 2
117 4
149 9
123 9
142 8
123 6
131 7
190 n
146 3
121 4
121 5
115 1
118.1
120 1
143 7
137 2
122 0
125 5
117.1
119 6
149 5
130 6
120 2
120 1
117.5
119 6
132 9
129 2
123 8
122 5
121.6
123 6
133 9
133 3
128.0
122 6
129.1
133.9
119 7
133 7
127 8
117 2
131.2
138 0
105 7
136 6
124.3 ' 122. 4 ' 123. 6
115.5
115.3
112.3
126.4
127.5 ' 126. 1
133.1 ' 130. 3 128.8
'93.2
95.6
93.8
136.5
132.9 ' 139. 0
180 5
186 9
181 9
188 8
182 7
189 9
182 7
189 7
183 ?
190 3
184 1
191 4
184 8
192 1
184.8
192.1
187.6
' 195. 8
158 1
148 0
159.3
157 0
146 1
152.4
157 1
146 6
155.2
157 3
147 1
155. 8
156.3
146 0
153.3
156 8
146 9
154.3
157.1
147 1
156.4
158 2
148 6
162.5
157.0
147. 0
155.0
' 156. 9 '160.0 ' 161. 7
' 147. 9 ' 150. 0 ' 152. 4
' 157. 7 ' 163. 2 '169.0
147.0
141 3
135.7
120 5
151.3
149 6
151.2
156 0
144 8
156 6
138 6
157 3
155.2
160 7
148 0
157 3
143 3
156 3
161. 1
163 7
157 8
163 4
155 0
156 9
142.1
145.2
133.4
135.3
153 6
158 2
164. 1 ' 166. 4
162 9
155 9
157.8 ' 159. 7
123 2
120 7
119.7
121 0
140 3
138 7
122 4
115 7
119.6
120 0
142 1
136 6
179 4
185 6
160 0
180 6
187 2
155 5
147 5
166.5
159 6
149 8
165. 8
163.0
169 5
162.6
167 3
do
do
do
do
do
do
114 8
113 3
112.3
111 9
124 2
126 5
120 5
117 0
118. 0
119 3
133 4
133 5
123 8
127 6
119.4
120 8
136 1
139 3
do
do
do
160 9
165 6
146 2
173 9
179 6
156 1
do
do
do
142 5
140 3
159.9
__do
do
167.2
182 6
132 0
•j KA
A
132 4
144.6
136 5
165
159
183
182
185
176
163
187
188
140
173
159
157.2
144
133.2
130.5
' 123. 1
116.1
' 124. 6
128.0
94.9
143.2
' 190. 3 ' 191. 5
199.1
' 152. 4
144.5
'162 9
' 170. 7
'168 4
' 163. 4
167.6
136
137
122.4
111
126
130
191.5
161.1
151.4
167
' 169. 8
175.1
162 8
168.5
158.4
167.0
164
163
149.3
130.2
149
i ce o
-1 CO C
158 9
144 2
157 9
145.8
149 9
140 5
158 5
143 8
157 2
144 4
135 0
147.1
129 6
143 7
131 9
147. 0
130 3
144 6
133 2
147.8
130 2
144 1
132 8
147. 3
129 0
144 2
134 8
146.9
129 8
144.4
135 7
146.9
129.7
136 1
133 2
182 3
142 5
166 9
136 5
182 7
141 4
169 3
136 3
184 0
142 1
168 3
137 9
178 0
140 9
168 8
135 8
179 8
136.2
170 5
134.8
171 2
178.5
182.1
169 1
178.4
180.8
169 0
201 1
210 2
148 6
178.9
180.6
166 8
201 9
214 1
154 3
178.6
179.8
166.6
200.3
210.4
158.5
' 176. 1
' 176. 9
162.3
199.0
' 209. 9
' 157. 5
'
'
'
'
'
181. 5 ' 181. 7
183. 2
183. 8
170. 5 169.2
200. 9 204.5
228.4
222. 9
153.0
181.9
183
'
'
'
'
'
159. 4 ' 162. 0
152. 4 ' 155. 9
143. 8
161. 2
186. 0 185.4
141. 2
143. 9
161. 0
154
168 1
168 0
164 1
1 fiO ^
•I EC Q
162
7
B
163 5
163 4
158 5
157 4
IfiO 9
9OO 7
170 1
131 5
143 9
120 2
168 9
ifififi
165 7
901 O
1 9Q Q
140 8
118 5
154 8
1 QQ Q
131 9
142 4
119 3
154 3
1 QQ fi
132 0
1^9 9
120 0
1 V) 3
152 8
' 182. 1
' 179. 5
' 185. 7
177.4
' 166. 4
' 186. 8
1 3O 3
1 Sfi Q
A
10fi ^
168. 0
140. 4
140.6
143,9
163. 0
160.2
1 3ft fi
130 6
120 3
do
do
do
c>
133 1
•I KK
Home goods 9
Appliances TV and radios
Furniture and rugs
m
188 4
139 i
1 99 3
228 3
133 1
132 3
19Q 7
146 1
116 2
1 Q^ 1
128 7
123 7
1O7 1
' 183. 5
' 181. 3
186.3
' 165. 6
' 141. 4
186.0
161.2
' 163. 7 163.0
164. 2 '
134. 9 '
133. 3
141. 9
159. 7 '
158. 8
161.1 '160.7 '
129.2 ' 131. 7 '
125.6 ' 127. 7 '
141 1 ' 142. 8 '
158.1 ' 158. 2 '
156.4 '
156.0
Durable manufactures 9
Primary metals
Iron and steel
_ _
Nonferrous metals and products
Fabricated metal products
Structural metal parts
1 >9 Q
' 144. 8 145.8
' 136 0 137 7
' 147. 3 ' 148. 1
129.5
129.5
Apparel and staples
do
134 1
141 4
144 7
144 4
144 1
Consumer staples
Processed foods
do
do
134.0
122 9
142.0
126 4
145.8
130 0
145.7
130 4
146.1
130 2
146.3
129 6
Beverages and tobacco
Drugs soap and toiletries
Newspapers, magazines, books
Consumer fuel and lijjhtinff
do
do
do
do
1 97 9
1 33 9
e
134 fi
ISO 1
1 7Q 9
133 3
1 3^ Q
1 8O ^
1 81 9
1 89 4
127 0
136 5
139 1
142 3
1 CQ Q
1 aA K
142 3
14.Q A.
141 5
1 co n
1 fi9 7
1fi4 9
143 6
ififi fi
Equipment, including defense 9
Business equipment
Industrial equipment
Commercial equipment
Freight and passenger equipment
Farm equipment
do
do
do
do
do
do
147.0
156 7
153 1
164 4
162 4
148 8
172.6
181 2
172 3
190 1
208 3
167 5
180.7
188 9
179 1
196 0
290 3
179 5
179.9
186 9
177 3
196 7
214 5
176 1
180.3
186 6
176 8
199 8
215 0
162 6
179. 6
184 4
174 1
199 1
211 7
162 8
179.2
183 5
179 1
201 7
210 4
161 5
211 7
167 6
178.1
181.3
169 0
200 5
208 9
162 8
do
do
do
do
do
144 2
144 3
166 8
151 9
133 8
157
156
166
180
141
0
9
5
7
7
159 2
156 8
158 3
190 3
139 9
157 9
154.2
148 6
190 6
138 9
155 8
151 3
142 8
186 5
139 2
155 5
151 5
139 5
185 6
139 7
156 0
151 0
137 5
183 2
139 2
154.6
149.7
143 7
180 9
137 1
154.9
148.9
143 3
179 6
137 2
156.1
149.7
141.8
181 2
138 1
157.9
151.8
142.7
186 3
139. 0
156.7
148.5
134.9
184.7
140.0
' 157. 4
' 149. 0
133.3
184.1
' 139. 3
do
do
do
do
144.1
136 4
136 6
136 4
157.2
149 0
145 6
150 6
161.6
152 8
151 1
153 7
161.6
152 6
146 6
155 6
160.4
151 0
147 1
153 0
159.7
150 0
144 6
152 7
161.1
153 4
148 5
155 8
159.6
150 1
146 2
152 0
161.1
151 3
145 1
154 4
162.6
150 9
141 7
155 5
164.2
151 7
143 0
156 0
165.2
153 1
150 4
154 5
' 166. 0 '
' 152 5 '
153 7 '
'
168.2
153.4
153.2
153 5
168
127. 9
115 5
15fl. 4
136.6
122 5
172.9
140.3
325 9
140.4
125 0
180.0
139.6
123 6
180.9
139.8
123 2
181 Q
141.3
125.3
182.1
140.3
124.3
181.0
143.0
128.2
181.1
147.7
135.1
182.1
149.1
137. 1
182. 5
147.3
133.4
183.8
' 146. 9 ' 146. 7 146. 3
' 131. 0 130.3 ' 129. 8
187.9
188.1
147
130
177 R
Materialscf
Durable goods materials 9
Consumer durable..
Equipment _
Construction
Nondurable materials 9
Business supplies
Containers
General business supplies
r
158.2
Business fuel and power 9
do___
Mineral fuels
do
Nonresidential utilities
do _
Revised.
* Preliminary.
cf See corresponding
1 3Q ^
m
note on p. S-3.
1 3Q Q
143 9
1 3^ f»
136 0
9QO 8
9 Includes data for items not shown separately.
137 6
136 5
' 183 0 184 5
' 135. 7 138. 9
174 5
166. 7
152 9
152. 6
153 0
February 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
SURVEY OF CURRENT BUSINESS
1965
1966
1966
Dec.
Annual
S-5
1967
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES §
Mfg. and trade sales (seas, adj.), totalc?1
mil. $__
Manufacturing, totalcT
..
do
Durable goods industries
do
252, 242
Nondurable goods in dustriescfdo
1283,852
Retail trade, total
do
Durable goods stores _
do
93, 718
Nondurable goods stores.
do
190, 134
Merchant wholesalers, total
do
1187,141
Durable goods establishments
do
82,691
Nondurable goods establishments. _
do
104,450
Mfg. and trade inventories, book value, end of year
or month (seas, adj.) , total d"
mil $
Manufacturing, totalcf
do
Durable goods industries
__._
do
Nondurable goods industriescfdo
Retail trade, total.
do.
Durable goods stores
do
Nondurable goods stores... __ •
do
Merchant wholesalers, total. __
do
Durable goods establishments
do
Nondurable goods establishments
do
Inventory-sales ratios:
Manufacturing and trade, totaledratio. .
Manufacturing, totalcf
do
Durable goods industries
do
Materials and supplies
do
Work in process
__
do
Finished goods
_do.-.._
Nondurable goods industries^1
do.___
Materials and supplies
do
Work in process
do
Finished goods
do
Retail trade, total
do
Durable goods stores
do
Nondurable goods stores
__do
Merchant wholesalers, total
do
Durable goods establishments..
do
Nondurable goods establishments
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:
Durable goods industries (unadj.), total.. .mil. $..
42, 324
34, 607
15,194
19, 413
18, 274
10, 575
7,699
11,035,052 '87, 690 '87, 182 '86, 138 '87, 255 '86, 656 '87,358 '88,368 '88, 759 '89,067 '88, 633 '87,807 '90,235
92,772
'1527,629 '45,326 '44,256 '43,771 '44,663 '43,766 '44,692 '44,707 '45, 170 '45,447 '44,571 '44,523 '46,405
276, 069 23, 715 23, 060 22, 622 23, 137 22, 269 22, 900 23, 052 23, 192 23, 633 22, 949 22, 311 '23,487
' 251,560 '21, 611 '21, 196 '21,149 '21,526 '21,497 '21,792 '21,655 '21,978 '21,814 '21,622 '22,212 '22,918
48,651
25,238
23,413
1303,672
97,812
205,860
25, 368
8,156
17, 212
25, 687
8,200
17,487
25,470
7,955
17, 515
25, 739
8,150
17, 589
25,918
8,104
17, 814
25,897
8,187
17, 710
26, 544
8,546
17,998
26,444
8,592
17,852
26, 422
8,508
17,914
26, 732
8, 743
17, 989
26, 089 '26,411
8,235 '8,221
17,854 '18,190
26,402
8,329
18,073
1203,751
91, 026
112, 724
16, 996
7,539
9,457
17, 239
7,501
9,738
16, 897
7,488
9,409
16, 853
7,350
9, 503
16,972
7,292
9,680
16, 769
7,246
9,523
17,117
7,495
9,622
17, 145
7,503
9,642
17, 198
7,562
9,636
17,330
7,684
9,646
17, 195 '17,419
7,718 '7,843
9,477 '9,576
17,719
8,022
9,697
'135,233 '135,233 '136,304 '136,491 '136,815 '137,080 '137,191 '136,805 '137,111 '137,850 '137,794 '138,268 '139,331 140,588
' 77, 581 '77,581 '78,600 '79,105 '79,430 '80, 059 '80,341 '80, 119 '80, 603 '81,033 '80,841 '81, 106 '81,796
50, 037 50,037 50, 620 51, 079 51, 216 51, 593 51, 784 51, 809 52, 346 52, 784 52, 572 52, 918 '53,506
' 27, 544 '27,544 '27,980 '28,026 '28,214 '28,466 '28,557 '28,310 '28,257 '28,249 '28,269 '28, 188 '28,290
36,961 36, 961 36, 924 36,644 36, 526 36,236 36, 263 36,087 35,997 36, 028 36, 143 36, 217 36,474
16, 536 16, 536 16, 491 16,315 16, 142 16,033 15, 904 15, 661 15, 549 15, 503 15,711 15, 681 15,728
20, 425 20, 425 20, 433 20, 329 20, 384 20,203 20, 359 20, 426 20,448 20, 525 20, 432 20,536 20,746
20,691 20, 691 20, 780 20, 742 20, 859 20, 785 20, 587 20, 599 20, 511 20, 789 20, 810 20,945 '21,061
12, 112 12, 112 12, 140 12, 096 12, 105 12, 162 11,989 11, 981 12, 038 12, 099 12,069 12,202 '12,258
8,579
8,579
8,754
8,741
8,690
8,646
8,743 '8,803
8,618
8,623
8,473
8,598
8,640
1.48
1.54
1.56
1.58
1.57
1.58
1.57
1.55
1.54
1.55
'1.55
'1.57
1.54
1.52
1.64
1.98
.59
.87
.52
•1.71
2.11
.62
.94
.55
'1.78
2.20
.65
.98
.57
1.81
2.26
.66
1.02
.59
1.78
2.21
.64
1.00
.58
1.83
2.32
.66
1.05
.60
'1.80
2.26
.64
1.03
.59
1.79
2.25
.63
1.03
.59
1.78
2. 26
.63
1.04
.59
1.78
2.23
.62
1.02
.59
'1.81
2.29
.64
1.05
.60
1.82
2.37
.66
1.09
.62
'1.76
'2.28
'.63
1.05
'.60
1.69
2.13
.59
.99
.56
'1.27
'1.27
1.32
1.33
1.31
'1.32
1.31
1.31
1.29
'1.29
1.31
'1.27
'.48
.20
'.59
1.23
'.46
.20
'.57
1.22
.44
.20
.58
1.40
1.86
1.17
1.42
1.97
1.16
1.46
2.03
1.19
1.44
2.01
1.17
1.44
2.05
1.16
1.42
1.98
1.16
1.40
1.98
1.13
1.40
1.94
1.15
1.36
1.83
1.13
1.36
1.81
1.15
1.36
1.82
1.15
1.35
1.80
1.14
1.39
1.90
1.15
1.38
1.91
' 1. 14
1.39
1.92
1.15
1.14
1.49
.87
1.14
1.49
.85
1.22
1.61
.91
1.21
1.62
.89
1.23
1.62
.92
1.24
1.65
.92
1.22
1.67
.89
1.23
1.65
.90
1.20
1.60
.90
1.20
1.60
.88
1.21
1.60
.90
1.20
1.57
.91
1.22
1.58
.92
1.21
1.56
.92
1.22
1.56
.95
11, 437
1,114
963
1,016
1,201
1,053
1,123
1,098
935
982
1,035
998
1,109
1,329
'527,629 '43,355 '41,455 '44,598 '45,854 '45,063 '44,918 '46,786 '40,985 '44, 174 '46,456 '46,371 '46,597
46, 601
1.91
.59
.80
.52
9,941
Shipments (not seas, adj.), totalcf-do
Durable goods industries, total 9
do
252, 242
Stone, clay, and glass products
do
11,753
Primary metals
do
41, 910
Blast furnaces, steel mills
do
22, 916
Fabricated metal products
do
24, 292
Machinery, except electrical
do
36, 490
Electrical machinery
do
33, 593
Transportation equipment.
do
68, 039
Motor vehicles and parts
do
45, 412
Instruments and related products
do
8,347
Nondurable goods industries, total cf 9 . do
Food and kindred products
do
80, 678
Tobacco products
do
4,864
Textile mill products^1
_
do
Paper and allied products
do
19, 385
Chemicals and allied products... .
do
36,030
Petroleum and coal products.
do
19, 178
Rubber and plastics products
do
11, 653
Shipments (seas, adj.), totaltf1
-do
By industry group:
Durable goods industries, total 9
do _.
Stone, clay, and glass products.
do
Primary metals...
do
Blast furnaces, steel mills...
do
Fabricated metal products
do .
Machinery, except electrical
do
Electrical machinery
do
Transportation equipment
do
Motor vehicles and parts
do
Instruments and related products
do
Nondurable goods industries, totals 9 . do
Food and kindred products
_do
Tobacco products
do
Textile mill products c?
do
Paper and allied products..
do
Chemicals and allied products
do
Petroleum and coal products..
do
Rubber and plastics products. . .
_do _
276, 069
11, 929
45, 651
23,707
26, 024
22, 982
877
3,575
1,772
2,094
21, 395
835
3,632
1,889
1,918
23,062
864
3,748
1,876
2,121
23,946
928
3,732
1,923
2,187
23, 342
959
3,681
1,892
2,116
23,528
998
3,613
1,877
2,168
24, 778
1,051
3,717
1,885
2,276
20,580
943
3,105
1,621
1, 939
22, 089
1,083
3,401
1,814
2,222
23, 565
1, 106
3,449
1,805
2,230
40, 204
39, 852
73, 460
46, 470
9,806
3,449
3,449
6,477
4,017
917
3,169
3,149
5,822
3,713
740
3,626
3,419
6,086
3,653
806
3,752
3,500
6,505
3,888
851
3,733
3,177
6,401
3,915
829
3,647
3,196
6,609
4,085
865
3,869
3,531
6,891
4,178
929
3,272
3,028
5,168
2, 782
832
3,436
3,357
5,023
2,463
926
3,671
3,668
5,746
3, 080
998
'251,560
87, 761
5,104
' 19, 588
21, 770
38, 676
20, 517
12, 752
23,019 '23,575
1,067 '1,006
3,485 '3,538
1,870 '1,911
2, 227 '2,142
3,537
3,590
5,509
2,966
967
24, 545 224,300
973
3,499 2 3, 800
1,880
2,153
' 3, 532
'3,641
'6,204
'3,488
'955
3,855
3,658
7,077
4,005
961
20, 373 20, 060 '21,536 '21,908 '21,721 '21,390 '22,008 '20,405 '22,085 22,891
7,348
7,490
7,634
8,144
7,085
7,571
7,629
7,811
7,352
7,466
417
398
384
408
411
454
431
471
447
425
' 1, 482 ' 1, 416 ' 1, 515 ' 1, 573 ' 1, 550 ' 1, 548 ' 1, 647 ' 1, 344 ' 1, 647 ' 1, 752
1, 782
1,891
1,922
1,787
1,928
1,846
1,918
1,891
1,703
1,839
2,933
3,342
3,457
3,795
3,148
3,564
3,581
3,503
3,283
3,648
1, 753
1,745
1,704
1,796
1,739
1,789
1,746
1,822
1,811
1,759
1,039
1,086
1,126
1,009
1, 138
1,112
1,136
1,164
1,133
1,010
23, 352 '23,022
8,465
8,407
415
'431
' 1, 824
1, 755
1,945 '1,931
3,762 '3,622
1,791 '1,829
1,195 ' 1, 120
22, 056
8,406
430
1,632
1,875
3,339
1,801
1,044
2 6, 800
45, 326
44, 256 '43,771 '44,663 '43,766 '44,692 '44,707 '45, 170 '45,447
44,571
44, 523
46,405
48, 651
23, 715
1,068
3,893
1,982
2, 267
23, 060
1,061
3,758
1,920
2,135
22,622
1.013
3, 618
1,802
2,214
23, 137
1,020
3,517
1,787
2,272
22, 269
927
3,439
1,742
2,080
22,900
914
3,434
1,791
2,092
23, 052
923
3,462
1,755
2,093
23, 192
897
3,581
1,905
2,068
23, 633
959
3,519
1,839
2,092
22, 949
1,010
3,419
1,780
2,094
22,311
966
3,475
1,885
2,094
23, 487
'1,028
'3,620
'1,992
'2,180
25,238 2 26, 300
1,183
3,819 2 4, 000
2,103
2,326
3,583
3,389
6, 268
3,899
845
3,492
3,463
5,881
3.568
834
3,485
3,336
5,686
3,385
805
3,489
3,435
6,061
3,529
845
3,453
3,222
5,912
3,557
836
3,455
3,323
6,380
3,875
876
3,517
3,358
6,465
3,896
878
3,587
3,468
6,172
3,561
933
3,672
3,423
6,577
3,900
965
3,690
3,412
5,909
3,252
932
3,631
3,394
5,366
2,744
938
'3,737
'3,491
'5,929
' 3, 184
929
3,970
3,600
6,797
3,853
890
21, 622
7,690
421
' 1, 637
1,839
3,578
1,780
1. 088
22, 212
8,099
415
' 1, 685
1,876
3, 666
1,776
1.110
22, 918
8,387
'414
1,690
'1,949
' 3, 773
'1,835
' 1. 149
23,413
8,778
441
1,733
2,004
3,768
1,764
1.115
21, 611
7, 672
426
' 1, 567
1,903
3,286
1,719
1.111
21, 196 21, 149
7,381
7,370
424
420
' 1, 547 ' 1, 513
1,856
1,880
3,325
3,297
1,722
1,688
1.075
1.079
' Revised.
1 Based on data not seasonally adjusted.
2 Advance estimate.
§The
term "business" here includes only manufacturing and trade; business inventories as shown
on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted data for
manufacturing are shown below and on p. S-6; those for retail trade on pp. S-ll and S-12.
cTRevised to incorporate new data for the textile mill products series which, in addition to
82,255
53, 742
28,513
36,682
15,977
20, 705
21,651
12,485
9,166
21, 526
7,562
428
' 1, 523
1,878
3, 378
1,789
1.106
21, 497 '21, 792 '21,655 '21,978 21, 814
7,728
7, 695
7,634
7,549
7,611
400
432
438
441
431
' 1, 549 ' 1, 577 ' 1, 572 ' 1, 590 ' 1, 592
1,851
1,808
1,870
1,803
1,879
3,331
3,388
3,432
3, 638
3,616
1,792
1,762
1,797
1,811
1,838
1.087
1.124
1.085
1.126
1.136
26,900
being reviewed and corrected, reflects revisions resulting from benchmarking the series to the
1966 Annual Survey of Manufactures and the computation of new seasonal factors. Revised
data back to 1962 for all industry groups, as well as higher level industry totals, reflecting
benchmarking to the latest data available will be shown later.
9 Includes data for items
not shown separately.
SUEVEY OF CUREENT BUSINESS
S-6
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966
Annual
1966
February 1968
1967
Dec.
Jan.
Feb.
Mar.
Apr.
June
May
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS-Continiied
Shipments (seas, adj.)— Continued
By market category:
Home goods and apparel cf1
mil $
Consumer staples do
Equipment and defense prod, excl auto do
Automotive equipment
do
Construction materials and supplies
do
Other materials and supplies c?
do
Supplementary market categories:
Consumer durables
_
do
Defense products
do
Machinery and equipment
do
Inventories, end of year or month:
Book value (unadjusted) totaled
Durable goods industries total
Nondurable goods industries total c?1
do
do
do
Book value (seasonally adjusted) totalc?1
By industry group:
Durable goods industries total 9
Stone clay and glass products
Primary metals
Blast furnaces, steel mills
Fabricated metal products
Machinery except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Nondurable goods industries totaled
Industries with unfilled orders© cf
Industries without unfilled orders^
9,555
5,816
4 005
3,039
9,684
5,925
4 324
3,023
9,608
6,026
4 360
3,006
9,659
6,163
3 999
2,979
9,708
6,223
4,381
3,150
9,630
6,258
3 709
3,187
'3 996
10, 065
6,175
3,209
3,122
17, 956
'4 135
10,440
'T 6, 396
3, 670
r
3, 275
18,489
4 356
10, 779
6,799
4,358
3,463
18,896
119,283 i 21, 212
* 27, 965 133,240
i 47, 115 i 53, 220
1,822
2,909
4,589
1,810
2,876
4,615
1,777
2,897
4,562
1,863
3,135
4,630
1,719
2,988
4,524
1,763
3,162
4,538
1,796
3,145
4,644
1,855
3,218
4,776
1,826
3,284
4,775
1,833
3,312
4,768
1,855
3,278
4,643
'1,893
'3,450
r
4, 762
2,035
3,652
4,987
' 77, 108 77, 108
49, 432 49, 432
' 27, 676 27, 676
78, 591
50, 433
28, 158
79, 523
51,274
28, 249
79, 866
51, 580
28, 286
80, 518
52, 107
28, 411
80, 965
52, 558
28, 407
80, 608
52, 346
28, 262
80, 328
52, 194
28, 134
80, 713
52, 631
28, 082
80, 363
52, 287
28, 076
80, 662
52, 541
28, 121
81,232
52, 925
28,307
81, 725
53, 079
28, 646
r
41, 831
77 581
78, 600
79, 105
79, 430
80, 059
80 341
80, 119
80, 603
81, 033
80, 841
81, 106
81,796
82, 255
50, 037
1,746
7,109
4,043
5,314
50, 037
1,746
7,109
4,043
5,314
50, 620
1,772
7,140
4,088
5,272
51,079
1,787
7,174
4,137
5,295
51, 216
1,794
7,213
4,128
5,273
51, 593
1,819
7,338
4,204
5,269
51, 784
1,842
7,451
4,243
5,229
51, 809
1,847
7,478
4,242
5, 162
52,346
1,835
7,495
4,257
5,142
52, 784
1,813
7,482
4,265
5,179
52, 572
1,769
7,440
4,248
5,230
52, 918 '53,506
1,792 ' 1, 785
7,464 '7,476
4,273 '4,282
5,268 '5,326
53, 742
1,777
7,531
4,327
5,349
do
do
do
do
8,508
6, 093
8,930
3,318
1 788
9,942
7.653
11, 369
3,538
2 214
9,942
7,653
11, 369
3,538
2 214
10, 029
7,799
11, 717
3,608
2 211
10,117
7,857
11,921
3,640
2,222
10, 152
7,825
12, 004
3,533
2 251
10, 173
7,783
12, 164
3,454
2,290
10, 234
7,755
12, 184
3,398
2 303
10, 275
7,682
12, 236
3,302
2 301
10, 313
7,730
12, 706
3,568
2,313
10,362
7,765
13, 082
3,781
2,316
10, 451
7,749
12, 824
3,528
2,328
10,425 '10,540
7,830 '7,880
12, 941 '13,232
3,568 '3,675
2,357 ' 2, 359
10, 537
7,857
13,350
3,615
2,403
12,943
2,388
3,816
2,278
18, 109
2,130
6,699
5,465
14, 802
2,603
4,877
2,477
22, 263
2,477
7,853
7,512
14, 802 14. 880
2,640
2,603
4,937
4 877
2,499
2,477
22, 263 22,643
2,455
2,477
7,911
7,853
7,852
7,512
12, 972 10 AQ7
2,045
2,029
2,029
4 980
4 865
4 865
1 380 1 380 1,366
14, 856
2,638
4,910
2,519
22,967
2,489
7,949
8,028
14, 748
2,642
4,859
2,425
23, 140
2,470
7,981
8,220
14, 485
2,693
4,664
2,331
23, 704
2,646
8,065
8,488
14, 536
2,668
4,728
2,382
24, 139
2,704
8,056
8,922
14, 668
2,626
4,725
2,591
24,215
2,713
8,083
8,997
14, 597
2,579
4,708
2,512
24, 143
2,680
8,117
8,894
14, 718 '14,806
2,539 ' 2, 737
4,748 ' 4, 780
2,552 ' 2, 578
24, 370 '24,721
2,723 ' 2, 715
8,162 ' 8, 184
8,957 '9,223
2,047
5 115
1,374
2,101
5 137
1 359
14,721 14, 576
2,705
2,706
4,781 4,719
2,363 2,343
23,423 23, 592
2,510
2,607
7,987
8,014
8,439 8,442
13 449
2,123
2,138
5,188
5 256
1,362
1,399
2,139
5 228
1 417
2,123
5 259
1,402
28, 466
6,756
2,383
28 310
6,634
2 380
'3 108
2 310
5 381
1 Q18
1 415
1,831
4 086
1,187
6, 034
2,371
1 965
4 335
1 756
1 279
f
r
'27 544 27 544 27, 980 28, 026 28, 214
6,593 6,594
6,394
6,669
6 394
2,336
2, 343
2,376
2,389
2 343
r
3 017 r 3 017 ' 3, 039 ' 3, 060 ' 3, 078
2 265
2 286
2 272
2 271
5 145 5 175 5*203
5 039
1,930
1,925
1 915
1 869 1 869
1 444 1 427 1 446
1 402
2 300
5,290
1,950
1,453
1 Q Qft1
1 3 R39
2,143
5 319
1,494
2,181
5 375
1,418
14,805
2,609
4,701
2,571
24,925
2,718
8,216
9,304
•JO QOA
7- I O Q7Q
Mm 9
2,202 '2,201 2,204
5 345 ' 5 456 5 477
1,475
1,432 '1,431
28 257 r 28, 249 28, 269 '28,188 '28,290 28, 513
6,512
6,391
6,425 '6,489
6,512
6,662
2,394
2,338 ' 2, 326
2,373 2,366
2, 348
r
3,163
3,123
3, 096 r 3, 133 r 3, 160 r 3, 128
2 310
2 307 2 300
2 279 r 2 285
2 295
5 383 5 400 5 433 5 407 ' 5 454 5*439
1,978
1,925 ' 1, 930
1,935
1,923
1,920
1 402 1 398 1 389 1 398 ' 1 419 1 412
r
10, 573 '10,543
' 4,520 ' 4, 572
' 13, 095 '13,175
10, 399
4,627
13, 487
r
9,844
14 835
4*032
6 054
10
18
4
6
476
166
358
537
10 476
18 166
4* 358
6 537
10, 698 10, 730
18 495 18 750
4 424
4 450
6 493 6 512
10, 861
19 009
4*343
6 491
10,977
19,303
4,263
6,541
10, 994
19 481
4 171
6 504
10, 922
19 646
4 060
6 491
10, 946
19 892
4 297
6 433
10, 755
20 041
4 523
6 368
10, 647
20 218
4*251
6 315
8,364
8, 397 ' 8, 399
10, 683 '10,749 10,850
20 356 '20 653 20 864
4,395
4,300 ' 4, 436
6 369 '6 430 6 466
' 31, 001 '31,129 31,316
do
do
3,287
6,388
10 701
4,189
8,732
12 592
4,189
8,732
12 592
4,311
8,990
12 719
4,328
9,193
12 801
4,286
9 405
12 830
4,253
9,615
12,873
4,276
9,744
12 903
4,232
9 839
13 016
4,228
10, 094
13 037
4,269
10, 218
13 103
4,251
10,213
13 197
4,366
4,348 '4,396
10, 319 '10,476 10, 643
13 182 '13 354 13 365
do
260, 732
do
do
uu
rln
do
do
- - do
do
do
do
do
do
do
do
do
do
do
541 276 '43 259
289, 836 22, 949
251 440 20 310
r
r
41 609 '44 595 r 45 044 '44 906 r 44 987 r 47 786 r 42 206 r 44 380 '46 804 r 47 009 '46 170
21,562 23, 117 23, 204 r 23,157 23,600 25, 830 21, 754 22,268 23, 888 23, 660 '23,096
20 047 r21 478 '21 840 21, 749 r21 387 r21 956 r 20 452 r 22 112 r 22 916 r 23 349 '23 074
'1541,276 '45, 610 '43,205 '43,390 "•43,516 ' 43, 689 -•45,546
260, 732 289, 836
46, 879
41, 017
24, 285
21, 378
26 743
24 914
42, 677
38,434
42 269
35 292
72' 973
79, 861
27,503
22,044
23,960
3,677
1 737
2 403
3 582
3 358
6,540
2 410
22,072
3,315
1,495
2 049
3,391
3 552
5,577
1,833
22,329
3,427
1,805
2 224
3,266
3 362
5,799
2,291
22,065
3,013
1 434
2 247
3 351
3 273
5,911
2 207
22,226
3,236
1,701
2 136
3,429
3 196
6,140
2,228
23,857
3,606
2,020
2 106
3 497
3 250
7,209
2 763
r
45, 881 ' 45, 786 '•45,621
r
45, 128 ' 45, 586 '46,505
24, 263 23, 715 23, 726 23, 416
3,612
3,470
3 591 3,646
1 886 1 994 1 794 1,971
2 009
1 979 2 254
2 108
3 590 3 564
3 679
3 945
3 554
3 455 3 579
3 640
6,019
6,697
7,327
5,950
2 469
3 067
1 705 2,362
9 529
5 760
3 830
3 293
9,555
5 685
3 962
3 099
9
6
4
2
685
560
503
991
9 614
7 047
4 333
9 Q7fi
9
6
4
2
663
230
077
951
9 713
«
OOfJ
4 288
3 305
9 630
6 374
3 712
3 111
47 433
25,301 2 24, 400
22 132
49, 930
23, 381 '23,545 26, 371 2 25, 100
3,467 ' 3, 783 4,108 2 4, 100
2,383
1,905 ' 2, 091
2 246 ' 2 334 2 774
3,885
3,588 ' 3, 840
3 473 ' 3 315 3 631
7*117 26,800
6,241 '5,673
2,883
3,023 ' 2, 072
251
440 r21 650 '21 133 '21 061 '21 451 r21 463 '21 689 r21 618 r 22 071 '21 895 r21 712 r 22 205 '22 960
T
68 560 r 5 856 '5 731 '5 613 r 5 640 T 5, 680 T 5 756 r 5 667 r 6 007 T 5 873 '5 820 r 5 848 r 6*033
168 082 182 880 15 794 15 402 15 448 15 811 15783 15 933 15 951 16 064 16 022 15 892 16 357 '16 927
r
By market category:
Home goods and apparel c?
do
Consumer staples
do
9,344
1101,315 1 110, 454 9,597
9,348
i 65 081 i 75 275
6 607
Equip and defense prod excl auto
do
5 192
5 756
i 51 053 i 52 058
4 200
Automotive equipment
do
3 851 3 610
i 38 058 i 39 413 3 373
Construction materials and supplies
do
3 177 3 307
Other materials and suppliesc?
do
Supplementary market categories:
1 19 449 i 21 318
Consumer durables
do
1 786 1 826 1 698
Defense products..
do
i 32, 534 i 40, 469
3,359
2 846
3 330
Machinery and equipment
do___ U9,679 i 56, 770 4,603 4,545 4,242
'Revised.
i Based on data not seasonally adjusted.
2 Advance estimate.
9 Includes data for items not shown separately.
cf See corresponding note on p. S-5.
©Includes textile mill products, leather and products, paper and allied products, and printing
and publishing industries; unfilled orders for other nondurable goods industries are zero.
r 3, 101
28 557
6,737
2,377
'3 101
o 305
5 412
1,960
1 428
1 o fi7i
do
do
do
Pori^tn otion rnflfprials nfuf ^rmnliVqi"
Other materials and supplies<f
Supplementary market categories:
Consumer durables
Defense products
New orders, net (seas adj.), total cf
By industry group:
Durable goods industries, total 9 Primary metals _ _ _ _
Blast furnaces, steel mills
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Aircraft, missiles, and parts
9,532
6,000
4,004
3,297
77 581
do
By market category:
Home goods and apparel r?
Consumer staples
Ji<qmp. aim ueie ikep u., ex . dutu
Durable goods industries, total
9,346
5, 703
3,844
3,253
42, 324
1,626
6,349
3,678
4,856
do
By stage of fabrication:
Materials and supplies^
"Work in processed
Finished goodsc?
9,344
5, 718
4,052
3,264
do
do
do
do
do
Nondurable goods industries total 9 c?do
Food and kindred products
do
Tobacco products
do
Textile mill productsr?
do
Petroleum and coal products
9,597
5,946
4,399
3,211
do
By stage of fabrication:
Materials and supplies 9
do
Primary metals
do
Machinery (elec and nonelec ) do
Transportation equipment
do
Work in process 9
do
Primary metals
' do___
Machinery (elec. and nonelec.). __do
Transportation equipment
do_ _ _
Finished goods 9
do
Primary metals
do
Transportation equipment
110,451
67, 889
52, 045
38, 977
101, 305
i 60, 300
50, 403
1
37, 543
23 559
6 262
17 297
' 4 032 r '4 064 4,355
10, 055 10, 445 10, 766
7 249 ' 5 920 7 609
3 231 ' 3* 706 4*311
3
249 ' 3 415 3 944
r
!7 770 '18 955 18*, 945
1 748 1 712 1 728 1 829 1 814 1 859 1 810 1 906 ' 1 857 2 023
4 093 '3 063 3,979 2 3, 400
3 235 3,273 3 865 4 201 3 641 2 841 3 712
4,443 4,607 i794 4,853
4*. 315
4,665 4,614 '4,791 4,915 24,900
5*. 058
HFor these industries (food and kindred products, tobacco products, apparel and related
products, petroleum and coal products, chemicals and allied products, and rubber and plastics
products) sales are considered equal to new orders.
SURVEY OF CUKRENT BUSINESS
February 1968
1965
Unless otherwise stated, statistics through 1966
and descriotive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1968
1967
1966
Annual
S-7
Dec.
Feb.
Jan.
Mar.
Apr.
June
May
Aug.
July
Nov.
Oct.
Sept.
Dec.
Jan.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Unfilled orders, end of year or month (unadjusted),
total^f
mil $
Durable goods industries, total
do
Nondur goods ind with unfilled orders© ^ do
r
61,543
Unfilled orders, end of year or month (seasonally
adjusted), totalf.
mil. $
By industry group:
Durable goods industries, total 9
do
Primary metals
_ _ do __
Blast furnaces, steel mills
do
Fabricated metal products
do
Machinery, except electrical
do
Electrical machinery
do
Transportation equipment
__do__
Aircraft, missiles, and parts
do
62, 534
5,646
2,730
5,467
10 304
9,830
25, 993
19, 781
Nondur. goods ind. with unfilled orders© Tf.-do
By market category:
Home goods, apparel, consumer staples!,
Equip, and defense prod., ind. auto. _
Construction materials and supplies
Other materials and sup pliesf
Supplementary market categories:
Consumer durables
Defense products
Machinery and equipment- _
r
78,623
76, 415
6,909
3, 305
6,221
12 816
12, 279
32, 350
26 056
76, 415
6,909
3 305
6,221
12 816
12 279
32, 350
26 056
75, 427
6,466
2,880
6,135
12, 716
12, 368
32,046
26, 061
r 3, 260
r
r
3, 260
r
78,239
75, 131
6,274
2,882
6,144
12 497
12, 394
32, 158
26 505
3, 196 ' 3, 108
r
77,093
74,060
5,771
2,529
6,119
12 359
12 232
32, 009
26 649
f
r
77,014 ' 77,869
74,016
5,569
2,487
6,176
12,335
12,206
32,237
26,971
74, 973
5,741
2,716
6,189
12, 376
12, 133
33, 066
27, 667
r
79,044 ' 79,622 ' 79,832 ' 80,390
76, 185
5,870
2 847
6,205
12 449
12 230
33, 929
28 646
3, 033 ' 2, 998 ' 2, 896 r 2, 859
76, 710
5,935
2,936
6,116
12, 426
12, 341
34, 453
29, 024
76, 801
5,886
2,890
6,277
12, 699
12, 558
33, 826
28 520
r
r
2, 952
3, 031
77, 268
6,078
3, 082
6,193
12, 688
12, 700
33, 935
28, 661
r 3, 122
r
81,455 '81,555
78,340
6,070
3,102
6,345
12,645
12,779
34, 811
29,509
82,834
r
3, 159
3,305
^2, 038
43, 786
6,630
r
29 001
r
1, 973
1,959
44 112
7,251
29 512
42 205
6,493
41, 479
6,405
41, 297
6,457
40 886
6,454
40,709
6,513
do
do
do ._
1,601
24 587
16,000
1,704
31 765
19 614
1 704
31 765
19 614
1,720
31 735
19 545
1,644
32 167
19 224
1 526
32 268
18 909
r
1 505 1 493
1 520 1 485 1 519 1 479 1 511 1 488 1 540
32 552 33 253 34 309 34 732 34 288 34 687 35 503 r 35 116 35 443
r
18 830 18 898 19 047 19 124 19 407 19* 307 19 278 19 300 19 236
203, 897
200 010
16 467
16 583
18, 714
16, 703
15 225
15 987
19 036
16 244
16 511
16 760
18 700
17 627
18 591
17 799
15 415
16, 072
17 332
17 388
16 222
18 409
17 233
17 908
16 065
18 621
17 525
17 648
13, 514
13, 061
1,055
1,191
1,216
1 216
1 160
1,100
1,047
843
1 017
913
949
881
831
1 299
2,513
2,097
6 250
1 355
1 368
2 510
1,852
6 076
1 255
111
219
157
454
114
113
223
171
558
126
152
236
160
555
113
128
227
190
557
114
125
238
149
519
129
119
193
157
515
116
105
180
163
500
99
82
132
129
405
95
98
159
172
490
98
93
152
145
431
92
108
197
130
426
88
102
166
133
393
87
104
158
133
347
89
93 370 104 643
72 551 108 901
93 943
81 633
69 977 195 448
10
16
26
26
13
4
16
27
17
7
6
11
29
37
9
344
536
177
769
117
11 052
14 192
14 705
33 652
8 032
7 025
15 780
20 678
19 110
7 384
do
do
do
do
do
thous. $
Commercial service.
do
Construction
do
Manufacturing and mining
do
Retail trade. _
do
Wholesale trade
do
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns. _
1,321,666 1,385,659 161 481 108, 172 113 450 119 322 103 817
248, 523
290 980
350 324
287 478
144 361
2
1
53.3
185
326
352
344
176
202
376
861
346
874
251.6
654
110
338
631
748
8 044
19 361
32 818
27 301
20 648
52.4
54.9
11
67
29
38
14
12
25
32
32
10
746
050
325
887
442
10 086
38 928
29 321
32 652
8 335
57 1
49 7
9
29
27
25
12
767
058
489
367
136
41, 522
6,482
52 1
280
046
912
307
825
42 517
6,450
6
26
26
27
16
896
912
062
931
842
48.6
48.6
252
221
276
167
183
42, 662
6,424
690
191
100
062
508
42, 574
6,579
12
12
33
37
12
310
758
294
861
678
42, 692
6,501
78,500
78,396 79, 529 178,400
'6,233
6,522 16,700
'
3, 201 3, 481
r
6,
499
6,
947
r
12,747 12, 662
r
12,
634
12,604
r
3 4,555 34, 875 1 34, 700
r
29,
733
29,314
3,115
r
1
r
42, 205
6,493
INDUSTRIAL AND COMMERCIAL
FAILURESd"
number
Liabilities (current), total
' 79, 675 T 79,675
81, 592
78,433
3,159
34, 732
6,041
Failures, total
_
r
do
do ._
do
do
BUSINESS INCORPORATIONS^1
New incorporations (50 States and Dist. Col.):
Unadjusted
number
Seasonally adjusted
do_ _
Commercial service
Construction.,
Manufacturing and mining,
Retail trade
Wholesale trade.- _
r
78 607 r 78,600 ' 77,791 ' 77,633 ' 77,701 78,703 ' 79,927 r 80, 231 ' 80,580 ' 81,217 'r 80,795
74,
679
74,609
75, 732 76, 908 77, 187 77,510 r78, 150 r 77,676
75,
485
74,
795
75,
536
r
r
r
r
3, 067
3, 119
2 996 3 024 ' 3, 022 r 2, 971 * 3, 019 r 3, 044 r 3, 070
3 122 3 064
78 449 r 78 449
75,315
75, 315
r
3 134 T 3 134
r
43 346
r
6,768
r
29 468
43 2
49 3
49 1
47 4
257
256
224
277
186
166
169
256
252
217
242
180
167
167
266
250
227
275
257
154
168
250
544
269
321
316
122
42.2
45 725
97 868
25 988
16 380
9 487
43.2
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
Prices received, all farm products
1910-14= 100. _
Crops 9
.
do
Commercial vegetables
do
Cotton
do
Feed grains and hay
do
Food grains
do
Fruit...
do
Tobacco
do
Livestock and products 9
do
Dairy products. _
""do
Meat animals
do
Poultry and eggs
do
Prices paid:
All commodities and services
do
Family living items
__
""do
Production items __
do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100..
Parity ratio §
do
248
234
262
245
174
164
247
513
261
261
319
145
266
235
288
215
181
185
243
553
292
293
356
161
257
229
291
186
187
191
205
562
281
320
323
158
255
225
288
168
186
187
206
556
281
311
330
152
1QO
197
CC1
cc-i
255
227
322
169
184
179
217
FRO
CCQ
CRQ
CKQ
ccn
276
306
328
142
272
300
323
144
264
291
qi Q
130
279
288
351
126
279
288
353
123
285
292
358
133
283
302
352
128
283
312
344
133
251
224
252
230
160
173
263
537
275
320
330
122
288
306
276
297
315
285
300
318
287
'300
r 319
r 287
301
318
288
301
318
289
301
318
288
302
320
289
303
321
290
304
323
291
303
323
289
303
323
289
304
324
289
••302
325
r
286
321
77
334
80
337
76
'339
75
'338
338
74
'340
72
341
74
'342
'344
'342
r 75
r 75
r 75
7K
344
73
114 7
114 7
114 8
115 0
115 3
115 6
116 0
116 5
116 9
117.1
114 3
114.9
113 7
110 1
113 0
111 4
103 1
98 6
1142
114 2
114 8
113 6
109 9
112 7
111 0
102 7
97 6
114 3
115 2
113 7
109 9
112 7
111 5
102 8
97 3
114 0
114 6
115 4
113 8
110 0
112 9
111 8
102 9
97 2
115 Q
114 8
115 9
114 1
110 2
113 0
112 4
103 4
97 0
115 1
116 3
114 4
110 5
113 2
112 7
103 9
96 9
116 1
116 8
115 2
111 5
114 3
112 8
104 4
97 0
116 5
117 1
115 6
111 9
114 8
113 2
104 7
96 9
116 7
117.7
115 8
112 0
114 9
114 1
104 8
96 1
118 8
191 4.
115 6
116 5
114 8
111 0
113 8
112 7
104 1
96 8
122.4
CONSUMER PRICES
(17. S. Department of Labor Indexes)
Unadjusted indexes:
All items...
1957-59=100
109.9
113.1
Special group indexes:
All items less shelter
do
109 6
112 9
All items less food
do
110.4
113.0
All items less medical care
do
109.1
112 3
Commodities _
do
106 4
109 2
Nondurables
do
107 9
111 8
Nondurables less food
do
107.2
109 7
Durables 9 _
do
102 6
102 7
New cars
do
97 2
99 0
Used cars
do
120.8
117. 8
'•Revised.
i Advance estimate.
2 Based on unadjusted data.
II bee note marked "rf" on p. S-5.
© See corresponding note on p.
V includes data for items not shown separately.
S-6.
nan
252
223
280
175
184
179
199
250
224
276
173
186
189
199
r
245
093
305
173
183
185
188
r
99 K
326
178
167
203
194 8
19K 9
253
231
288
233
160
169
277
557
272
321
318
129
255
232
362
189
162
170
284
559
274
316
324
132
'303
325
287
304
327
288
'343
73
'344
346
74
117 5
117.8
118.2
117 1
118 2
116 2
112 4
115 1
114 5
105 7
101 1
12fi 0
117 5
118.7
116 5
112 6
115 3
115 2
106 0
101 4
125.6
117 7
118, 9
116.8
112 9
115 6
115. 2
106 1
101 3
124.8
ro7
r
343
73
19fi .9
r
r
r 74
cf Compiled by Dun & Bradstreet, Inc. (failures data are for 48 States and Dist. Col.).
§ Ratio of prices received to prices paid (parity index).
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966
1966
Annual
Dec.
February 1968
1967
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan. t>
COMMODITY PRICES—Continued
CONSUMER PRICES— Continued
(U.S. Department of Labor Indexes— Continued)
Unadjusted indexes— Continued
Special group indexes— Continued
Commodities less food
1957-59=100
Services
do
Services less rent
- - do
Food 9
do. _.
Meats poultry and
fish
do
Dairy products
-- do
Fruits and vegetables
do
Housing
do
Shelter 9"
- - do __
Rent
do
Homeownership
do _
Fuel and utilities 9
do
Fuel oil and coal
do
Gas and electricity
do
Household furnishings and operation.. _ d o _ _ _ _
Apparel and upkeep
do
Transportation
do
Private
do
Public
do
Health and recreation 9
do
Medical care
do
Personal care
__
do
Reading and recreation
do
Seasonally adjusted indexes:
Food
do
Apparel and upkeep
do
Transportation
do
WHOLESALE PRICEScf
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:
22 Commodities
1957-59=100..
9 Foodstuffs
_. -_
do
13 Raw industrials
do
105.1
117.8
120.0
108.8
105.1
105.0
115.2
108. 5
110.6
108.9
111.4
107. 2
105.6
107.8
103.1
106.8
111.1
109.7
121.4
115.6
122.3
109.9
115.2
106.5
122.3
125.0
114.2
114.1
111.8
117.6
111.1
114.1
110. 4
115.7
107.7
108.3
108.1
105.0
109.6
112.7
111.0
125.8
119.0
127.7
112.2
117.1
107.7
125.2
128.3
114.8
110.9
116.5
114.3
113.0
116.4
111.3
118.6
108.4
110.2
107.9
106.7
112.3
113.8
111.7
129.8
121.0
131.9
113.7
118. 4
107.3
125.5
128.8
114.7
110.3
116.4
115.3
113.1
116.5
111.4
118.7
108. 6
110.5
108.3
106.7
111.3
113.4
111.4
129.8
121.4
132.9
113.8
118.5
107.6
125.9
129.2
114.2
110.7
116.1
114.2
113.3
116.8
111.7
118.9
108.7
111.1
108.3
107.0
111.9
113.8
111.8
130.0
121.8
133.6
114.1
118.6
107.8
126.3
129.5
114.2
110.0
115.7
115.2
113.3
116.6
111.8
118.6
108.7
111.1
108.3
107.3
112.6
114.2
112.2
130.5
122. 2
134.6
114.4
118.9
108.4
126.6
130.0
113.7
109.0
115.7
114.2
113.6
116.9
111.9
119.0
108.8
111.0
108.4
107.7
113.0
115.1
113.2
130.6
122.6
135.1
114.9
119.4
108.7
127.0
130.4
113.9
108.5
115.9
116.4
113.9
117.5
112.1
119.7
108.7
110.8
108.3
107.9
113.8
115.5
113.6
130.9
122.8
135.7
115.0
119.6
108.9
127.4
130.8
115.1
111.6
116.3
119.9
114.1
117.7
112.2
119.9
108.6
110.5
108.2
108.1
113.9
115.7
113.7
132.2
123.2
136.3
115.3
119.7
109.1
127.7
131.2
116.0
112.3
116.4
124.4
114.3
117.9
112.4
120.2
108.9
111.4
108.3
108.2
113.7
116.2
114.1
132.7
123.6
136. 9
115.5
119.8
109.4
128.2
131.7
116.6
113.1
116.6
122.7
114.7
118.4
112.6
120.8
109.1
111.7
108. 5
108.3
113.8
116.4
114.4
132.8
124.2
137.5
116.1
120.0
110. 0
128.7
132.3
115.9
113.4
117.3
115.6
115.0
118.7
112.8
121.1
109.4
112.3
108.9
108.8
115.1
116.8
114.8
133. 6\
124.9
138.5
116.4
120.5
110.6
129.1
132.7
115.7
112.3
117.9
115.3
115. 3
119.0
113.0
121. 5
109.4
112.5
108.9
109.1
116.0
117.7
115.7
133.0
125.5
139.0
116. 5
121.4
111.1
129.6
133.2
115.6
111.4
117.8
116.7
115.5
119.4
113.2
121.9
109.3
112.7
109. 0
109.3
116.6
118.3
116.2
134.6
126.2
139.7
116.9
122.0.
111.1
130.1
133.8
116.2
111.2
118.1
119.6
116.0
119.9
113.5
122.6
109.3
113.1
108.7
109.7
116.8
117.9
115.8
134.9
126.6
140. 4
117.2
122.2
115.3
111.7
113.3
114.9
111.9
113.2
114.0
112.3
114.3
114.3
112.9
114.5
113.9
113.1
115.3
114.5
113.7
115.6
115.3
113.9
115.9
115.0
114.2
116.0
115.8
114.3
116.3
115.6
114.9
117.0
115.8
115.4
117.3
116.1
115.9
117.8
116.5
116.2
117.7
102.8
98.6
105.8
102.9
97.5
106.8
102.0
97.5
105.2
100.0
96.3
102.5
98.1
95.3
100.1
99.0
98.1
99.6
98.8
97.3
99.8
97.1
95.4
98.3
96.7
94.6
98.1
95.9
93.4
97.8
95.0
91.2
97.7
95.1
89.5
99.1
96.2
90.7
100.1
96.1
90.9
99.8
107.1
i 104. 7
191.9
i 114. 6
i 109. 5
1101.9
i 115. 2
102.5
105.9
105.9
106.2
106.0
105.7
105.3
105.8
106.3
106. 5
106. 1
106.2
106.1
106. 2
r!06.8
98.9
102.2
103.6
105.3
104.8
106.9
100.8
105. 4
107.6
101.9
105.6
107.7
100.8
105.5
107.6
99.7
105.5
107.2
98.0
105.5
107.0
100.6
105.3
107.6
101.4
105.4
108.4
101. 7
105.4
108.7
99.5
105.4
108.3
98.5
105.7
108.7
97.9
105.7
108.6
••96.5
105.9
108.9
98.6
106.3
109.3
103.7
101.5
102.8
103.7
101.9
106.0
105.6
105.7
106.0
105.3
107.1
104.9
106.2
107.2
105.2
107.4
105.2
106.4
107.5
105.3
107.6
104.7
106.4
107.7
105.1
107.6
104.2
106.3
107.7
104.8
107.6
103.7
106.2
107.8
104.6
107.5
104. 6
106.3
107. 7
105.0
107.5
105.4
106.6
107.7
105.6
107.6
105.6
106.8
107.9
105.8
107.9
104.8
106.8
108.1
105.6
108.2
104.8
107.1
108.4
105.8
108.7
104.2
107.1
109.0
105.3
109.1
104.0
107.2
109.3
105.2
109.5
104.8
107.6
109.6
105.6
102.1
108.9
106.7
107.0
105.7
104.6
103.4
105.0
106.8
107.3
105.2
105. 3
104.1
103.4
104.8
Farm products 9
do
Fruits and vegetables, fresh and dried- do
Grains
1
do
Live poultry
do
Livestock
do
98.4
101.8
89.6
87.2
100,5
105.6
102.5
97.3
91.4
110.0
101.8
101.3
101.5
77.2
97.9
102.6
101.8
100.7
88.1
101.4
101.0
104.5
95.8
97.1
99.5
99.6
98.4
99.9
90.8
97.4
97.6
99.6
98.3
89.0
94.0
100.7
104.4
98.0
85.6
102.6
102.4
114.3
96.1
85.7
104.9
102.8
107.9
92.6
91.9
107.4
99.2
96.6
86.1
77.3
106.3
98.4
92.2
85.6
72.9
103.5
97.1
91.6
86.6
73.8
101.8
96.4
102.9
81.3
65.6
96.2
'98.9
105.0
85.4
68.2
97.6
99.1
Foods and feeds, processed 9
do
Beverages and beverage materials
_do
Cereal and bakery products
do
Dairy products
.- -- -- --do
Fruits and vegetables, processed
do
106.7
105.7
109.0
108.5
102.1
101.0
113.0
105.8
115.4
118.5
104.8
110.2
112.8
105.8
118.0
122. 3
105.8
104.4
112.8
105.8
117.6
121.8
105.9
105.4
111.7
105.9
117.3
121.2
104.3
104.7
110.6
105.6
117.5
120.7
104.2
101.7
110.0
105.9
117.2
120.1
104.3
100.6
110.7
106.0
117.4
120.8
105.1
103.8
112.6
106.3
117.2
122.2
106.5
108.3
113.1
106.4
116.9
122.0
107.0
109.9
112.1
106. 6
116.8
122.1
107.1
107.4
112.7
106.7
116.6
122.8
107.9
108.6
111.7
107.3
116.8
123.0
109.3
104.7
110. 9 '111.5.
107.7
107.4
116.9
117.0
124.1
123.0
113.1
112.0
103.2
102.2
112.1
102.5
104.7
105.5
105.8
106.0
106.0
106.0
106.0
106.0
106.0
106.3
106.5
106.8
107.1 '107.4
107.7
97.9
101.2
97.1
93.5
77.1
109.9
98.2
101.6
98.3
93.6
78.5
109.9
98.2
101.7
98.3
93.7
77.9
109.9
98.4
102.2
98.3
93.8
77.2
112.2
All commodities
do By stage of processing:
Crude materials for further processing
do
Intermediate materials, supplies, etc
do
Finished goods O
do
By durability of product:
Durable goods
.. -do
Total manufactures
Durable manufactures
Nondurable manufactures
Industrial commodities
do
do
do
- __do
Chemicals and allied products 9
do
Agric. chemicals and chem. prod — _ _ d o
Chemicals, industrial
do
Drugs and Pharmaceuticals
do
Fats and oils, inedible
do
Prepared paint
do
97.4
101.8
95.0
94.4
112.7
105.4
97.8
102.8
95.7
94.5
102.8
106.8
98.2
103.1
96.4
94.7
95.1
108.5
98.4
104.2
96.6
94.7
92.3
108.7
98.5
105.4
96.9
94.2
89.1
108.7
98.5
105.9
97.0
94.4
81.5
108.8
98.8
105.2
97.6
94.0
85.3
108.8
98.8
105.2
97.5
94.1
82.9
108.8
98.5
105.1
97.2
94.1
79.5
108.8
98.3
103.5
97.2
94.1
77.1
108.8
98.0
101,8
97.1
93.6
77.2
108.8
Fuels and related prod., and power 9
do
Coal
do
Electric power
Jan. 1958=100.Gas fuels...
__do
Petroleum products, refined
1957-59=100-.
98. 9
96.5
100.8
124. 1
95.9
101.3
98.6
100.3
129.3
99.5
102.4
102.4
100.8
132.0
100.2
102.6
102.3
100.6
134.6
100.3
103.4
102.3
100.6
134.5
101.9
103.7
102.2
100.6
134.6
102.4
103.3
102.7
100.6
134.8
101.7
104.4
102.6
100.6
135.0
103.7
104.0
102.4
100.5
134.3
103.1
103.9
103.0
100.6
131.8
103.3
104.7
103.0
100.5
132.0
104.6
104.5
104.1
100.7
132.6
103.9
103.0
103.8
100.8
132.7
101.0
102.8
104.8
100.9
132.8
100.4
102.6
104.9
100.9
133.1
99.9
Furniture and household durables 9
Appliances, household
98.0
89.2
106.2
85.2
99.1
89.1
109.1
83.6
100.4
89.2
111.8
83.8
100.4
89.6
111.9
83.6
100.4
89.7
112.0
83.5
100.6
89.8
112.4
83.3
100.6
89.8
112.4
83.3
100.8
89.7
112.4
82.9
100.8
90.0
112.4
82.0
100.9
90.1
112.6
81.8
101.0
90.1
112.8
81.8
101.2
90.3
113.0
81.6
101.7
90.5
113.4
82.1
102.0
90.8
114.3
82.2
102.1
90.9
114.3
81.8
109.2
110.7
111.2
108.1
101.1
101.9
119.7
118.2
140.8
121.1
105.6
108.5
117.3
120.3
109.2
116.2
102.5
104. 5
117.9
120.9
110.1
116.9
102.6
104.5
118.0
121.6
107.8
116.3
103.6
105.4
116.9
121.7
98.9
114.6
103.6
106.0
115.7
121.5
88.3
112.9
104.1
106.6
115.2
121.4
87.2
110.9
104.2
107.0
115.6
121.5
95.8
110.2
104.7
108.0
115.2
121.4
93.4
109.5
105.3
108.3
114.4
121.2
86.8
109.2
106.1
109.0
114.4
121.8
93.2
105.3
108.7
112.0
114.8
123.6
86.8
104.7
107.3
111.2
115.4
123.7
90.4
106.5
106.7
110.9
116.0
124.3
89.7
109.1
107.6
111.8
112.6
112.2
111.8
111.9
111.6
111.6
111.6
122.2
122.0
122.3 '123.8
121.8
121.8
121.9
125.3
122.4
122.4
124.3
121.9
121.9
122.1
101.6
101.5
101.6
101. 5
101.9
101.8
101.7
125.4
124.4
124.6
124.4
123.6
123.6
123.9
O Goods to users, incl. raw foods and fuels.
113.2
124.9
126.3
102.3
125.8
Home electronic equipment.
Hides, skins, and leather products 9
Footwear
__ __
Hides and skins
Leather
Lumber and wood products
Lumber
do. _ .
do_ _
do
do._.
do_._
do__
do
_do___
do
111.2
111.1
108.2
110.7
105.0
Machinery and equipment 9
do
121.7
121.5
118.5
120. 8
115. 1
Agricultural machinery and equip
do___
121.4
121.3
118.9
121.0
115.3
Construction machinery and equip
do__.
101.8
101.9
101.5
99.0
96.8
Electrical machinery and equip
_.do.,_
122.2
121.9
121.8
113.6
118.8
Metalworking machinery and equip
do._r
Revised.
? Preliminary.
1 Computed by QBE.
9Includes data for items not
shown separately.
cf For actual wholesale prices of individual commodities, see respective
111.5
111.6
121.8
121.9
121.8
121.5
102.2
102.3
122.6
122.9
commodities.
February 1968
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966
1967
1966
Dec.
Annual
S-9
Jan.
Feb.
Mar.
Apr.
May
1968
Aug.
July
June
Sept.
Oct.
Nov.
109.6
92.7
104.0
119.4
109.8
92.9
103.9
120.7
110.5
93.3
104.3
122.7
111.0
93.4
104.7
123.7
Dec.
Jan.
COMMODITY PRICES—Continued
WHOLESALE PRICESd"— Continued
(U.S. Department of Labor Indexes— Continued)
All commodities— Continued
Industrial commodities— Continued
Metals and metal products 9
1957-59=100
Heating equipment
_
do
Iron and steel
do
Nonferrous metals
.
do
105. 7
91.7
101 4
115. 2
108.3
92.5
102.3
120.9
101.7
102.6
103.3
103.6
103.7
103.8
103.9
106.6
101.5
104 0
99.9
104.1
92 9
90.0
108 4
103.0
102 4
1 02. 6
107.3
94 8
93.3
109.1
103.9
103 5
103. 0
108.5
95 0
93.9
109.3
103.9
103.5
103.1
108.5
95.6
94.9
109.3
104.4
103.5
103.3
108. 5
95.8
94.9
109 3
104 5
102 3
103.6
108.5
95 9
94 9
109 4
104.6
102 3
103.9
109.3
95 9
94 0
do
do
do
do
do
do
101.8
103.7
100 2
95.0
134 3
104 3
102 1
105 0
102 5
89.5
153 6
106 0
101.8
105. 4
102 7
86.9
163 2
104 8
102.0
105.7
102 5
87.1
166 1
104.7
102.0
105.9
101.8
87.1
164.1
104.7
101 8
106 0
101 3
86.9
164 1
104 0
101 8
106 2
100 8
86.8
164 5
102 9
do....
do
_ _ _do.
do
do
100.7
104.8
102. 7
106.2
100 8
106 8
104.1
109 6
101 7
107.5
104.8
110 3
101.6
107.9
105.2
110.3
101.6
108.0
105.3
110.3
101 6
107 7
104.0
110 3
$0. 976
.910
$0. 945
.884
$0. 944
.872
$0. 942
.872
$0.943
.871
$0. 946
870
Nonmetallic mineral products 9
do
Clay prod., structural, excl. refractories
do
Concrete products
do
Gypsum products
do
Pulp, paper, and allied products
do
Paper.. J
_
_
do
Rubber and products
do
Tires and tubes
do
Textile products and apparel 9 .
Apparel
Cotton products
Manmade fiber textile products
Silk yarns
Wool products
Transportation equipment 9
Motor vehicles and equipment
Miscellaneous products 9
Toys, sporting goods, etc
Tobacco products
109. 0
93.4
102.9
120.5
109.4
92.6
103.0
121.8
109.6
92.3
103.2
122.3
109.4
92.2
103 3
121 1
108.9
92.5
103.3
118.7
109.0
92.6
103 4
118. 6
109,2
92.5
103.5
118.9
103.8
103.9
104. 2
104.5
104.7
104.9
105.1
105.3
109 7
105.2
102 3
103.9
109.5
95 8
94 0
109.7
105.7
100 9
103.9
109.6
95.8
94.0
109 9
105.8
100 7
104 1
110.9
95 8
94 0
110.4
105.8
100.7
104. 0
110.9
97.8
98.7
110.7
105.9
100.7
104.1
110.9
98.2
98.7
110.7
105.9
103.9
104.3
111.2
98. 8
98.7
111.1
105.6
103.9
104.6
111.2
99.1
98.7
111.6
105.8
103.9
104.8
111.2
99.2
98.7
101 6
106 3
100 3
86.3
167 0
103 1
101.6
106.7
99 7
85.8
167 0
103 2
101 5
107 1
98 9
85.5
168 4
103 3
101.7
107.3
98.8
85.9
172.6
102.9
102. 0
107.4
99 2
86.3
175 7
102 7
102. 2
107. 5
99.1
86.9
179 5
102.8
103. 0
108.0
101.2
88.1
183.9
102.2
103. 8
108.1
104.2
88.6
189.7
102. 2
101 6
108 0
105 2
110 3
101 6
108 0
105. 3
110 3
101 4
109.6
105.3
114 8
101 3
109 7
105 6
114 8
101.3
110.0
105s- fr.
114.8
101 5
110.2
106.1
114.8
103.7
110.5
106.3
114.8
104.0
110.6
106.3
114.8
104.0
110.7
106.4
114.8
$0. 950
867
$0.945
865
$0. 941
862
$0.939
858
$0. 942
854
$0. 943
.851
109.1
92.0
103 2
120 0
108.9
92.0
103 2
118.9
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices...
Consumer prices. _ _
1957-59 =$1.00..
do
$0.943
.855
$0. 942 ' $0.936
.849
.846
$0.934
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE
New construction (unadjusted), total
r
r
r
mil. $__
71,912
74, 371
5,685
4 991
4 591
5,175
5,740
6,306
7, 119
7,135
7,065
' 6, 796
6,160
Private, total 9
do
Residential (nonfarm)
do
New housing units. _
do
Nonresidential buildings, except farm and public utilities, total 9
mil. $
Industrial
do
Commercial
_
do
Farm construction
___
do._
Public utilities 9
do
Telephone and telegraph. . _
do
49, 840
50, 446
23, 815
17 964
3 871
1 605
1 164
3 329
1 381
3 108
1 263
891
3 356
1 422
1 022
3 673
1 642
1 188
4 023
1 868
1 380
4 316
2 110
1 599
4 532
2 280
1 732
4 696
2 384
1 810
4 778
2 377
1 835
4 757 r 4 662
2 345 f 2 325
1 848 r 1 857
4 348
2,186
1 746
16, 584
5,128
6,745
1,189
5, 385
1,461
18, 607
6,703
6,890
1, 225
1,579
1 404
1 327
1 357
1 419
1 501
1 509
1 554
1 589
1 678
1 665
1,600
151
102
115
139
127
138
151
134
142
140
147
Public, total 9
22, 072
23, 925
1 814
1 662
1 483
1 819
2 067
2 283
r 2 358
r 2 450
r 2 423
2 357
2 308
7,881
8,921
727
59
28
57
543
694
55
31
49
460
646
53
25
45
376
738
58
28
45
546
818
68
27
44
668
890
73
42
46
784
917
58
45
57
858
925
56
34
64
939
911
57
30
37
71
37
71
72 2
74 8
75 0
73 i
72 0
73 9
r 72 4
r 73 4
r 74 4
76 3
76 9
r
77 8
77.8
46 4
48 3
48 0
46 9
46 0
47 8
48 1
49 2
50 2
51 7
52 2
r 52 6
52 3
19 8
19 9
20 3
20 8
21 1
22 l
22 9
23 7
24 6
25 3
26 0
26 6
26 9
18 5
65
7 0
20.5
71
7 9
19 8
71
7 7
18 2
61
7 2
17 3
56
69
17 8
60
71
17 3
59
67
17 6
62
6 7
17 6
60
6 4
18 4
6 6
6 7
18 3
6 2
7 0
r 18.0
r7 2
17.4
57
6 6
25 5
do
Buildings (excluding military) 9
do___
Residential
_
do
Industrial..
do
Military facilities
_ _
do
Highways and streets
do. .
New construction (seasonally adjusted at annual
rates), total
bil. $
Private, total 9
26, 266
20, 351
602
365
852
7,554
653
369
713
8,359
do
Residential (nonfarm)
do
Nonresidential buildings, except farm and public utilities, total 9
bil. $
Industrial
do
Commercial
do
Public utilities:
Telephone and telegraph.
do
Public, total 9..
do
Buildings (excluding military) 9
do
Residential
_
_____
_ do
Industrial
do
Military facilities
do
Highways and streets
do
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Co.):
Valuation, total
.
mil $ i 49, 272
Index (mo. data seas, adj.)
1957-59—100
Public ownership
Private ownership
By type of building:
Nonresidential
_
Residential
Non-building construction
New construction planning
(Engineering News-Record) §
mil $
do
do
do
do
575
600
980
492
529
482
490
287-569
O - 68 - 3
464
557
499
597
515
577
6, 982
541
593
1.7
1.6
16
17
15
17
17
16
25 8
26 5
27 0
26 2
25 9
26 1
r 24 3
r 24 2
9 4
9 7
9 5
98
99
10 1
98
99
.7
4
8
91
.7
.4
7
9.5
10 2
91
9 0
.8
3
8
.8
3
6
'9
'3
g
9
4
5
7
5
530
597
i
r
70
910
592
626
r
547
663
1, 616
r
1, 480
677
510
565
2 134
1 812
r
494
35
73
5 6
16
17
1.7
24 2
24 6
24 7
r 25 2
5
7
r 8
4
.4
8
99
Q
6
5
8
6
4
7
89
8 2
80
80
«>
i so, 150
3 189
2 838
3 300
4 424
4 389
5 095
5 414
4 879
5 104
4 695
5 053
4,258
143
2 145
133
126
143
149
138
154
164
149
165
168
171
168
166
i 16} 209
i 33 064
i ig 152
i 31 9Q8
1 287
1 903
1 113
1 725
1 188
2 112
1 509
2 916
1 498
2 891
3 275
1 820
2 169
3 245
1 989
2 890
1 824
3*280
1 677
3 018
1 527
3 527
1 435
2 823
1 507
2 490
1 17, 219^ 1 19, 393
i 21 M8 1 17 827
1 10/805 1 12 930
1 358
1,175
1,430
1 056
1 714
1 584
1 127
1 830
1 627
1 808
2 002
1 285
2 070
2 000
1 344
1 749
1 829
1 302
1 847
1 912
1 345
1 786
1 741
1 169
1 874
1 887
1 292
1,586
1 717
1,550
1 404
1,042
2
903
928
937
726
814
do
5,401
45,625
6,940
4,940
52, 112
2
Revised.
i Annual total includes revisions not distributed to months.
Computed
from cumulative valuation total.
cT See corresponding note on p. S-8.
9 Includes data
r
473
512
6, 674
931
956
3,996
3,492
5,896
4,295
4,053
5, 506
4,932
4,781
6,829
3,359
4,293
5,809
for items not shown separately.
§ Data for Dec. 1966 and Mar., June, Aug., and Nov. 1967
are for 5 weeks; other months, 4 weeks.
February 1968
SURVEY OF CURRENT BUSINESS
S-10
1965
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
| 1966
Annual
1966
1968
1967
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
CONSTRUCTION AND REAL ESTATE—Continued
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total, Incl. farm (private and public). ..thous-.
One-family structures
do
Privately owned
do
Total nonfarm (private and public) - In metropolitan areas
Privately owned
do
do
do
Seasonally adjusted at annual rates:
Total, including farm (private only)
Total nonfarm (private only) _
1,509.6
965.0
1,472.9
1,196.2
779.5
1, 165. 0
62.3
38.0
60.2
61.7
40.6
59.1
63.2
40.4
61.4
92.9
66.6
91.5
115.9
79.9
113.7
134.2
87.4
132.0
131.6
87.7
125.4
126. 1
82.4
125.3
130.2
83.8
127.4
125.8
78.2
121.9
137.0
'81.8
135.4
'120.2
'69.1
'118.4
'82.6
46.2
'79.6
82.3
1, 487. 5
1, 034. 5
1, 450. 6
1, 172. 8
807.3
1, 141. 5
61.1
43.6
58.9
60.4
43.0
57.7
62.0
43.9
60.2
90.7
62.6
89.2
114.2
77.4
112.0
131.9
91.7
129.7
129.6
87.9
123.4
124.9
87. 7
124.0
126.5
89.8
123.6
123.4
88.3
119.5
134.6 ' 118. 6
'99.0 '84.7
133.1 ' 116. 8
'81.6
63.7
'78.6
81.6
931
910
1,111
1,079
1,149
1,132
1,094
1,067
1,116
1,099
1,274
1,254
1,233
1,214
1,369
1,356
1,407
1,381
1,445
1,415
1,496
1,478
' 1, 590
' 1, 567
'1,243
' 1, 228
1,445
1,419
761
476
942
549
894
551
928
558
1,028
578
1,033
601
1,109
630
1,093
626
1,127
639
1,159
638
1,212
673
1,158
625
'1,323
702
1,111
635
do
do
New private housing units authorized by building
permits (12,000 permit-issuing places):
Seasonally adjusted at annual rates:
Total
«thous
One-family structures
do
1,240
710
972
563
1957~59 — 100
116
121
122
123
123
123
123
124
126
128
129
129
130
'129
129
_._1913=100-_
..do. _
_do__ _
_ do
_ ___-do ___
824
904
925
814
808
867
941
963
867
852
887
970
979
884
879
889
970
992
890
883
891
970
997
890
883
891
970
997
890
883
891
972
997
890
882
899
982
997
890
912
909
982
997
891
912
915
995
1,013
923
912
917
998
1,015
924
912
919
1,001
1,016
928
912
922
1,019
1,019
928
912
930
1,024
1,025
933
916
932
1,025
1,026
937
919
Associated General Contractors of America, Inc.,
The (building only)
.
____1957-59=100__
123
127
129
129
129
129
129
130
131
133
133
133
134
134
134
E. H. Boeckh and Associates, Inc.: f
Average, 20 cities:
All t vpes combined...
_ _ _ 1957-59 = 100_ .
Apartments, hotels, office buildings
do. ._
Commercial and factory buildings
do
Residences
do
117.2
118.5
117.2
115.2
122.1
123.2
122.2
120.1
125.1
125.9
125.5
122.6
125.3
126.2
125.7
122.9
125.4
126.3
125.8
123.0
125.5
126.3
125.8
123.1
125.8
126.6
126.1
123.3
127.0
127.9
127.3
124.8
130.1
131.2
130.2
127.9
131.9
133.0
132.2
129.4
132.3
133.4
132.6
130.0
133.3
134.1
133.8
130.6
133.6
134.5
134.2
130.9
133.8
134.7
134.3
131.2
Engineering News-Record:
Building
Construction
__ _ _
118.9
127.8
123.8
134.3
124.9
136.5
105.7
113.0
112.8
156.3
157.6
124.5
144.9
129.0
137.5
161.1
155.3
186.2
J69.0
155.0
189.8
138.0
129.1
125.9
188.9
153.0
102.1
99.2
80.2
79.5
CONSTRUCTION COST INDEXES
Deot of Commerce composite
American Appraisal Co., The:
Average, 30 cities
Atlanta
___
New York
_.
San Francisco
_
St. Louis
_
_
_ do .
_do
Bu. of Public Roads—Highway construction:
Composite (avg. for year or qtr.) . _ _1957-59=100__
' 124. 2 ' 124. 5 ' 124. 8 ' 125. 0 ' 126. 3 ' 127. 3 ' 127. 6
' 136. 6 ' 136. 8 ' 137. 1 ' 137. 2 ' 139. 2 ' 140. 5 ' 141. 8
' 128. 4 ' 129. 1 '129.6 '129.9 ' 130. 0
' 143. 1 ' 143. 6 ' 144. 1 ' 144. 2 ' 144. 4
112.3
126.5
143.1
158.0
163.5
164. 5
166.7 ' 150. 5 ' 180. 7
148.9
' 146. 3 ' 153. 3 ' 155. 7 ' 156. 2 ' 164. 4
143.3
132.7
110.4
132.4
137.1
102.5
171.3
164.8
148.5
164.2
145.3
167.1
182.4
156.3
208.0
177.0
152.6
226.9
156.4
131.7
225.4
187.6
165.7
266.6
12.5
'187
6.6
'100
10.1
'153
7.1
'109
10.7
'137
7.7
'107
16.6
'151
10.3
103
14.8
'159
11.0
'122
16.0
'162
10.9
'109
16.3
'169
12.8
135
12.7
'155
12.2
'146
327. 27
225. 63
379. 30
213. 88
301. 12
168. 52
388. 16
195. 36
358. 98
184. 12
406.92
231. 28
508. 04
265. 88
'131.4
' 145. 7
119.2
123.0
113.2
134
CONSTRUCTION MATERIALS
Output index:
Seasonally adjusted
Lumber and wood products, unadj
do
do
' 162. 4 ' 167. 2
'155.9 ' 148. 2
150.4
157.9
160.2
155.5
234.2
172. 1
'163.9
239.3
161.4
151.9
183.1
17.1
'180
11.6
'122
14.6
'176
10.8
'131
15.3
'185
12.5
'151
12.9
'189
9.5
136
10.2
'162
'7.9
125
11.2
163
8.4
122
501. 11
295. 92
653.83
340.29
643. 11
352. 10
665.33
434.29
620. 86
382. 91
457. 89
340.32
577. 59
348. 77
REAL ESTATE
Mortgage applications for new home construction:
Applications for FHA commitments
thous. units. _
Seasonally adjusted annual ratesj _
do.
Requests for VA appraisals
•
do
Seasonally adjusted annual rates!
do
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount
mil. $
Vet. Adm.: Face amount§
_
.do
Federal Home Loan Banks, outstanding advances
. to member institutions, end of period
mil. $_
5,997
6,935
6,935
6,340
5,800
5,175
4,782
4,421
4,302
4,221
4,153
4,122
4,114
4,188
4,386
4,442
23, 847
16,720
935
788
950
1,347
1,339
1,738
2,162
1,860
2,228
1,971
1,950
1,801
' 1, 759
1,403
5,922
10, 697
7,228
3,606
7,746
5,368
189
422
324
165
365
258
205
420
325
306
571
470
312
586
441
400
779
559
382
951
527
424
1,186
618
381
1,017
573
413
949
588
388
856
557
'380
'780
'599
116,664
117, 473
9,208
10, 211
8,701
10, 584
9,774
9,914
10, 035
9,484
10,274
9,407
mil. $_ 1, 455. 63 1, 496. 76
142. 21
159. 74
155. 08
149.66
142. 86
143. 15
164. 04
144.17
173. 25
116.95
114. 79
115.21
127.82
New mortgage loans of all savings and loan associations, estimated totalf.
.mil. $.
By purpose of loan : J
Home construction
__
do_ _
Home purchase _ _
_ _
do
All other purposes. .
__ ._ ...do __
Fire losses (on bldgs., contents, etc.)
7, 464. 59 6,095.32
2, 652. 23 2, 600. 53
435
1,046
681
297
669
437
DOMESTIC TRADE
ADVERTISING
Marketing/Communications advertising index, seasonally adjusted:©
Combined index
1957-59=100..
Business papers
__
do .
Magazines
...do
Newspapers
do
Outdoor
do
Radio (network)
_ do..
Television (network)
. do
136
121
147
108
92
109
175
148
128
159
119
91
118
194
150
128
168
110
116
93
201
'Revised.
1 Index as of Feb. 1,1968: Building, 131.8; construction, 146.5.
ICopyrighted data; see last paragraph of headnote, p. S-l.
9 Includes data for items not shown separately.
156
133
170
119
113
124
212
152
127
165
120
92
123
207
148
152
144
143
145
145
150
148
139
130
124
121
129
126
130
125
«!
149
162
150
160
153
160
155
157
106
113
104
112
113
111
121
113
84
88
119
95
94
111
78
85
125
125
105
114
124
118
117
115
215
217
197
206
188
211
197
195
§ Data include guaranteed direct loans sold.
t Revisions for 1960-66 (seas, ad].) for FHA
applications and VA appraisals and for Jan.-Nov. 1966 will be shown later.
©Formerly
Printer's Ink advertising index.
SURVEY OF CURRENT BUSINESS
February 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966
S-ll
Annual
Dec.
1968
1967
1966
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Television advertising:
Network (major national networks) :
Net time costs, total.
m*l. $
Automotive, incl. accessories
do
Drugs and toiletries
do_ _
Foods, soft drinks, confectionery
do
Soaps, cleansers, etc
do
Smoking materials
_do___
Allother
do.
Spot (natl. and regional, cooperating stations):
Gross time costs, total
_ mil. $
Automotive , incl. accessories
do
Drugs and toiletries
do
Foods, soft drinks, confectionery
do
Soaps, cleansers, etc..___do_ _
Smoking materials
.__ .
do
Allother
do
1, 260. 3
99.1
409.2
234.8
112.0
145.4
259.8
1, 411. 3
106.7
429.8
274.0
131.5
161.4
308.0
446 5
39 9
128 0
80 0
35 3
52 5
110 8
r 403 0
29 5
122 8
86 9
37 5
48 3
77 8
1, 075. 5
38.9
207.4
377.7
100.4
48.7
302.4
1, 189. 3
54.1
219.4
414.2
103.3
51.0
347. 3
314 8
13 7
58 1
108 4
23 2
13 5
97 8
274 3
15.8
55 5
109 9
22 6
13 0
57 3
Magazine advertising (general and natl. farm magazines):
Cost, total
mil $
Apparel and accessories
do
Automotive , incl. accessories
do
Building materials
___
do
Drugs and toiletries.
do
Foods, soft drinks, confectionery
do...
1 083 3 1 166 7
64 8
' 68*1
112.2
123.5
32.2
34 5
117.9
134 4
134.0
125.4
Beer, wine, liquors _ _ _ _
do
Household equip. , supplies, furnishings. .do
Industrial materials.
do
Soaps, cleansers, etc..
do
Smoking materials
do
Allother
__
do
8Q Q
4 1
10 1
13 8
10 3
68 4
17
7.0
14
80
7.1
101 5
4 0
78
i4
Iftfi A.
a. Q
10 9
38
20
11 6
10 4
U
K
11 0
r 317 g
21 0
85 4
66 0
30 8
37 6
r 76 9
110 9
83
10.2
4 2
13 0
8.6
9.6
81
56
64
24
35
32 6
294 3
80 2
214 i
15 6
58
28 9
163 8
300 1
279 1
76 4
202 7
30
2.8
40
11
25
29 7
51
35
41
17
34
33 9
3, 164. 6
865 6
2 298 9
170 4
63 4
288 5
1 776 7
3, 354. 3
924 3
2 430 0
182 9
73 2
310 3
1 863 6
289 7
61 1
228 6
57
90 i
190 6
241.1
71 1
170 0
11 6
79
20 5
129 9
233 6
66 4
167 2
12 3
4 7
22 7
127 5
283 852
303 672
31 804
22 567
21 648
25 679
25 081
93 718
56 266
53, 217
3,049
97 812
57 414
53' "875
3 539
8 916
7 018
4 197
3*963
234
6 801
4 010
3 787
223
8 234
4 711
278
8 205
4 955
4 644
311
Furniture and appliance group 9
do ._
Furniture, homefurnishings stores..__do
Household appliance, TV, radio
do
13, 737
8,538
4 223
14 978
9 089
4 905
1 712 1 136
676
943
380
622
1 101
654
375
1 192
715
401
Lumber, building, hardware group
Lumber, bldg. materials dealers d".
Hardware stores _ .__
_
12, 115
9,302
2 813
12 307
9 340
1 014
645
369
777
574
203
741
557
184
Newspaper advertising linage (52 cities) :
Total.
_
.
mil. lines__
Classified
___
do
Display, total...
____ ___
do
Automotive.. _ ...
do
Financial
do
General. _ _ _ _ _
do
Retail
do
RETAIL TRADE
All retail stores:
E stimated sales (unadj.), total
mil. $
Durable goods stores 9
...
Automotive group.
Passenger car, other auto, dealers
Tire, battery, accessory dealers _
Nondurable goods stores 9
Apparel group __
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Food group.. _ _ _
Grocery stores
Gasoline service stations
do
do
do
do
do ___
do
do
do
do
do
do
do
do
190 134
15 752
3 258
6 243
3,680
2 571
do
do
do
do
do
9,335
21, 423
66 822
go' 970
21 765
10, 148
23, 431
35,840
23 421
2,581
5 320
6 305
39, 811
26,094
2 691
5,727
6, 758
General merchandise group 9
__do
Department stores
do ~
Mail orderhouses (dept. store mdse.) _ d o _ _ _ _
Variety stores. _
do
Liquor stores. _ _ _
do .
Estimated sales (seas, adj.), total
9 QC/T
Q 9
4
coo
4 236
402
99 888
1 7 97fi
3 cq7
c Qiq
4 015
2 540
'586
979
638
337
15 549 14 847
1 224 1 042
272
213
480
422
273
239
199
168
1,195
2,039
6 679
6 134
1 972
837
1,845
5 548
5 092
1 827
6,111
4 025
350
2,511 2,400
1 658 1 534
156
172
Q47
330
514
500
QQQ
896
818
1,726
5 407
4 961
1 722
OQ
f)
65
55
9
'3
31
11.5
7.5
5 4
22
3.7
41 3
15 0
51
4 4
1i
47
34 4
246
4
74 Q
269 8
76 3
193 6
U 9
296.2
76 9
219 3
12 7
62
29 9
170 5
305.8
68 4
237 4
13 9
53
28 7
189 5
283 2
59 8
223 4
9 2
56
22 2
186 4
o o
27 616
9g 005
9fi 901
26 239
8 928
9 398
K 644
Q K47
R MA
8 9Q8
4. RfiQ
5 084
329
5 273
371
4 670
344
4 338
331
8 200
4 515
4 192
323
1 160
725
370
1 245
781
391
1 313
804
439
1 239
770
399
1 325
818
1 367
'805
464
1 365
820
440
905
684
221
999
738
261
1 115
844
1 167
884
283
1 143
881
44K
16 876
1*375
282
550
307
236
17 P.9Q
1 439
A. Q8Q
1 512
277
590
354
291
on a
219 5
IP-
K
5
c
9Q 3
1 co i
5 4iq
971
' 297
575
319
94ft
-1 K
7
54
m
n
5
9fi 3
1C 910
e
n
IQ n
494
26 162 r27 159 '32 507 i 24 391
8 574 r g 4g2 ' 8 969 17 659
4 870 r 4 777 ' 4 531 14 739
4 531 r 4r 413 4 111
339
364
420
1 167
911
9fi9
9cc
1 121
867
254
1 145
892
253
17 4^8
1 7 Qfi3
AK-i
18 039
1 574
304
595
394
281
17 588
1 472
300
577
361
234
1 473
337
552
337
247
i 3m
286
492
314
9OQ
94ft,
910
2,197
879
2, 293
888
2,316
I
9QO
546
372
r
I 472
'859
r 497
r 1 7g(J
1 057
802
255
1 076
724
352
'968
658
1
-1 109
23 538 16 732
' 2 615 1 1 278
614
r 620
988
'404
673
r 247
340
18 677
r 1 628
r 357
1924
1,956
6 065
' 6 241 5 570
' 2 069 1 960
882
2,178
6 236
5 729
2 030
'895
886
2,121 ' 2, 024
5 842 r 5 999
5 338 r 5' 495
2 035 r 2 047
3,516
2 319
223
3,519 ' 4, 219 ' 6, 381
2 312 ' 2? 760 T 4 994
359
355
'264
K71
893
1,940
6 096
5* 596
1 901
851
1,991
5 810
5* 348
1 940
894
2,093
3,197
2 077
221
466
551
3,049
2 016
'l99
3,322
2 1Q4
4Q9
4Qfi
541
c.79
KOC
con
47Q
K7«J
25 897
26 544
9fi 499
26 732
26 089
enQ
8 743
K 224
4 ggi
333
26 411 26 402 27 176
8 235 ' 8 221 ' 8 329 i g g37
4 70fi
4 7O7 T 4 P.Q9
4 361 ' 4 331 4 37g
' 361
*328
346
424
1 347
812
450
1 300 ' 1 331 1 359
r 7g2
*787
771
r 454
459
423
1 041
789
252
1 038 1 021 1 094
78fi
849
774
9^9
245'
247
9 ft34
208
4.14.
25 470
25 739
25 918
4 445
300
8 200
4 604
4 298
306
7 955
4 394
4 085
309
8 150
4 602
4 291
311
8 104
4* 660
4 348
312
Furniture and appliance group 9
Furniture, homefurnishings stores
Household appliance, TV, radio.,
do
do
do —
1 270
741
425
1 312
792
429
1 308
780
449
1 278
755
441
Lumber, building, hardware group
Lumber, bldg. materials dealers cf
Hardware stores
do ..
do ..
do
997
747
950
1 062
803
259
1 058
801
257
1 049
794
255
38 8
9 5
9.0
5 6
2 2
38
39 8
26 557
25 687
9QQ
65
6.2
71
20
4 9
8 156
515
34
29
36
14
25
23 6
1 en 9
25 368
47fi
5g
37
4 4
16
29
24 4
4 0
0
1 co Q
do —
304
576
357
99 9
33
8.1
14
12 3
10.1
i 3P. n
K
do _.
do
do ..
do____
Nondurable goods stores 9
do
17 212 17 487 17
Apparel group.
_
do
1 3Sfi
1
1' f-l A
Men's and boys' wear stores
do ..
932
317
Women's apparel, accessory stores .do __
536
587
Family and other apparel stores
do ..
335
360
Shoe stores
do
9 en
233
r
Revised.
i Advance estimate.
™9JrX?U5eSidata f°5 item? not shown separately. tf Comprises lumber yards, building
materials dealers, and paint, plumbing, and electrical stores.
115i6
54
9.8
2.2
14 6
11.9
155 3
9K
Durable goods stores 9 ...
.._
Automotive group
Passenger car, other auto, dealers
Tire, battery, accessory dealers
A JAR
118 4
70
13.3
2.7
14 8
10.8
269.8
73 i
196 7
13 7
4' 8
26 2
152 0
278 3
74. 1
904 3
14. 3
5 a
n
17
10 8
9 4
108 0
98
8.2
31
13 3
9.8
fiQ 3
g
81
9 3
6 3
2 5
35
39 1
14 1
50
4 5
14
4 5
34 7
134.
471. 7
42.6
127.5
89.1
34.1
60.4
117.9
64 4
53
3.1
15
10 2
6.9
Q7 R
9 4
66
8.6
59
2 5
31
39 9
79 2
80.1
53 3
17 6
39 6
411 0
0
-i
57
10 6
39
84
31
14 9
10 4
69 5
74.8
46 5
21 7
41.9
368 0
6
m
' 307. 4
'22.7
93.3
64.6
31.8
"•36.7
'58.2
fi 9^Q
5 742
2 136
3,483
2 322
198
2
1 f\Q
9 1 13
3,085
3,502
179
233
9 Ortft
26 444
0
4 448
304
8 546
5 069
4 750
319
4 814
316
4 731
099
1 286
791
423
i 30fi
795
420
1 295
775
450
1 9fi7
1
1 048
779
269
1 001
' if\(\
251
1 014
754
260
1 031
'm
9fiO
1 09*1
7P.7
9 co
17 589 17 814
1 443 1 KOC
315
333
557
614
343
384
9*vl
228
17 7in
17 998
17 8^9
17 Q14
326
596
358
009
340
594
371
605
367
Q
107
FQO
784
397
8
9QQ
781
1 ^94
317
585
342
94R
944
1 t\f\Q
17 8^4.
1 4.0.5,
322
607
373
307
575
349
17 Q8Q
9C.7 •
f)KA
' 624
18i' r190
ic
r
' 324
r 57g
' 364
r 94Q
' 1, 254
' 2, 127
r g 812
1
flR9
917
18 073
1
2,706
1 793
47K
309
555
370
241
18 539
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
| 1966
1967
1966
Annual
Dec.
February 1968
Jan.
Feb.
Mar.
Apr.
May | June
1
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Estimated sales (seas, adj.)— Continued
Nondurable goods stores— Continued
Drug and proprietary stores
Eating and drinking places
Food group
_
Grocery stores
Gasoline service stations
General merchandise group 9
Department stores
Mail order houses (dept store mdse)
Variety stores
Liquor stores
mil. $
do
do
do
do
892
2,019
5,861
5,376
1,915
877
2,036
5,911
5,417
1,931
883
2,026
5, 942
5,452
1,968
889
2,046
6,041
5,535
1,964
906
2,034
5,985
5,513
1,992
903
2,038
5,996
5,507
1,996
923
2,059
6,050
5,548
2,040
903
2,071
6,002
5,500
2,020
913
2,094
6,019
5,516
2,003
901
2,110
6,042
5,535
2,028
912
'928
2,104 '2,133
6,054 '6,095
5,543 ' 5, 584
2,015 '2,064
944
2,108
6,146
5,633
2,019
tto
'do
do
do
do
3,311
2,162
216
475
564
3,419
2,244
220
486
591
3,361
2,191
230
472
595
3,327
2,200
223
448
584
3,479
2,278
230
520
609
3,468
2,283
215
504
598
3,604
2,377
228
516
599
3,529
2,305
236
506
580
3,565
2,341
222
516
597
3,587
2,354
239
516
599
3,543 ' 3, 613
2,321 ' 2, 371
250
239
508
533
'601
600
3,582
2,368
231
531
589
Estimated inventories, end of year or month:
Book value (unadjusted) total
mil $
Durable goods stores 9
do
Automotive group
do
Furniture and appliance group
do
Lumber building hardware group do
Nondurable goods stores 9
Apparel group _
Food group
General merchandise group
Department stores
Book value (seas adj ) total
Durable goods stores 9
Automotive group
Furniture and appliance group
Lumber building hardware group
Nondurable goods stores 9
Apparel group
Food group
General merchandise group
Department stores
Firms with 11 or more stores:
Estimated sales (unadj ) total 9
33,435
14, 737
7, 070
2,390
2,386
35, 846
16, 144
7,938
2,512
2,401
35,846
16, 144
7, .938
2,512
2,401
35, 856
16, 574
8,160
2,515
2,444
36, 349
16,681
8,255
2,518
2,410
37, 108
16, 855
8,221
2,548
2,471
37,199
16,826
8,105
2,599
2,514
36,935
16,695
7,966
2,606
2,527
36, 337
16, 295
7,683
2,594
2,477
35, 894
15, 972
7,363
2,556
2,432
35,106
14,691
5,972
2,564
2,419
35, 705
14,786
6,066
2,603
2,440
36,768
14, 968
6,172
2,636
2,443
37,890
15,363
6,451
2,722
2,455
35,459
15,468
6,990
2,530
2,361
do
do _
do
do
do
18,698
3,811
4,066
5,882
3,519
19, 702
4,102
4,201
6,425
3,919
19,702
4,102
4,201
6,425
3,919
19, 282
3,977
4,164
6,309
3,793
19,668
4,222
4,129
6,460
3,891
20,253
4,308
4,189
6,767
4,108
20,373
4,314
4,167
6,833
4,123
20,240
4,270
4,149
6,816
4,120
20, 042
4,131
4,176
6,693
4,025
19, 922
4,125
4,122
6,760
4,076
20, 415
4,407
4,108
6,970
4,212
20,919
4,545
4,156
7,320
4,449
21,800
4,617
4,320
7,851
4,845
22,527
4,747
4,463
8,142
5,055
19,991
4,127
4,265
6,714
4,102
do
do
do
do
do
34, 607
15, 194
7,244
2,449
2,467
36, 961
16, 536
8,108
2, 574
2,483
36, 961
16, 536
8,108
2,574
2,483
36, 924
16, 491
7,867
2,598
2,530
36, 644
16, 315
7,672
2,612
2,447
36, 526
16, 142
7,515
2,561
2,418
36,236
16,033
7,409
2,568
2,448
36, 263
15,904
7,315
2,585
2,451
36, 087
15, 661
7,154
2,586
2,419
35, 997
15, 549
6,966
2, 571
2,427
36,028
15,503
6,867
2,569
2,429
36, 143
15, 711
7,041
2,567
2,452
36,217
15,681
7,006
2,549
2,468
36, 474
15,728
7,048
2,610
2,475
36,682
15,977
7,140
2, 611
2,442
do
do
do
Jo
<fo
19, 413
4,033
4,086
6,340
3,772
20, 425
4,318
4,209
6,909
4,200
20, 425
4,318
4,209
6,909
4, 200
20,433
4,343
4,248
6,951
4,240
20, 329
4,389
4,162
6,832
4,162
20,384
4,369
4,156
6,895
4,179
20,203
4,288
4,114
6,817
4,115
20,359
4,335
4,149
6,900
4,174
20, 426
4,321
4,184
6,904
4,201
20, 448
4,328
4,189
6,961
4,233
20, 525
4,333
4,205
6,997
4,250
20, 432
4,264
4,181
7,019
4,261
20,536
4,236
4,231
7,067
4,299
20, 746
4,294
4,321
7,141
4,345
20, 705
4,363
4,248
7,189
4,359
do
73, 356
80,323
9,940
5,695
5,550
6,855
6,500
6,839
7,252
6,683
7,063
7,292
7,050
7,820
10,604
Apparel group 9
Men's and boys' wear stores
~W omen's apparel accessory stores
Shoe stores
do
do_ _ _ _
do
do
4,445
557
1,656
1, 168
4,770
573
1,779
1,269
722
99
266
169
306
43
106
85
271
31
102
76
430
45
152
133
371
43
140
101
404
47
152
111
415
53
151
114
339
39
126
92
411
43
148
112
444
47
160
135
426
52
157
111
476
63
173
118
776
106
288
179
Drug and proprietary stores
Eating and drinking places
Furniture and appliance group
do
do
do
2,300
1,891
1, 193
2,663
2,222
1,276
380
203
136
217
193
90
221
185
89
250
206
103
229
202
104
243
214
115
256
223
116
247
223
113
251
226
118
253
222
119
254
223
124
267
216
126
432
221
145
General merchandise group 9
Dept stores excl mail order sales
Variety stores
do
do
do
26, 112
17, 593
4,096
28,988
19, 653
4, 593
4,440
2,987
809
1,822
1,256
266
1,720
1,146
278
2,324
1,561
383
2,237
1,533
341
2,432
1,667
388
2,559
1,767
407
2,276
1, 547
371
2,590
1,750
414
2,575
1,757
412
2,586
1,753
395
3,128
2, 101
481
4,704
3,146
893
Grocery stores
Tire, battery, accessory dealers
do
do
27, 627
1,312
29,906
1,472
2,949
175
2,330
97
2,334
93
2,686
116
2,516
127
2,498
133
2,692
150
2,582
129
2,549
126
2,753
122
2,489
127
2,605
137
3,116
172
Estimated sales (seas adj ) total 9
do
6,700
6,885
6,907
6,852
6,993
6,948
7,171
7,162
7,013
7,215
7,205
7,368
7,282
do
do
do
397
48
141
109
421
52
154
112
418
46
160
109
372
47
138
98
438
50
165
121
407
47
151
109
424
52
155
112
415
49
150
111
436
54
156
119
436
52
157
122
434
50
160
121
429
54
155
118
435
53
159
119
Drug and proprietary stores
Eating and drinking places
do
do
242
206
240
213
254
214
253
209
245
205
252
209
261
209
256
208
265
209
261
216
267
221
277
225
276
223
General merchandise group 9
Dept. stores, excl. mail order sales___
Variety stores
do
do_ __
do
2,403
1,638
388
2,513
1,730
402
2,471
1,685
387
2,449
1,671
369
2,528
1,683
420
2,482
1,710
417
2,627
1,774
422
2,643
1,738
416
2,486
1,780
427
2,646
1,759
428
2,607
1,783
418
2,667
1,830
443
2,566
1, 767
445
Grocery stores
Tire, battery, accessory dealers
do_ _
do
2,489
124
2,492
127
2,548
131
2,556
135
2,583
127
2,575
123
2,591
130
2,613
118
2,628
125
2,640
127
2,620
130
2,655
136
2,712
125
Men's and boys' wear stores
~W omen's apparel accessory stores
Shoe stores
All retail stores, accounts receivable, end of yr. or mo.:
Total (unadjusted)
mil. $__
Durable goods stores
do
Nondurable goods stores
do
Charge accounts
do
Installment accounts
do
Total (seasonally adjusted)
Durable goods stores
Nondurable goods stores
Charge accounts
Installment accounts
do
do
do. _
do
do
18, 193
7,120
11,073
8,205
9,988
18,986
7,212
11, 774
8,164
10, 822
18,986
7,212
11, 774
8, 164
10, 822
18,167
6,954
11,213
7,630
10,537
17, 538
6,751
10, 787
7,338
10, 200
17,656
6,766
10,890
7,518
10, 138
17,814 18,005
6,943
6,875
10, 939 11,062
7,789 8,013
10, 025 9,992
18,359
7,225
11, 134
8,194
10, 165
18, 034
7,128
10,906
8,010
10, 024
18,082
7,146
10, 936
7,950
10, 132
18,205
7,194
11, Oil
7,941
10,264
18,168 ' 18,696
7,094 ' 7, 109
11,074 ' 11,587
7,974 ' 8, 199
10,194 '10,497
19, 749
7,283
12, 466
8,317
11, 432
17,034
6,916
10, 118
7,833
9,201
17,767
6,987
10, 780
7,730
10, 037
17, 767
6, 987
10, 780
7, 730
10,037
17,849
7,124
10,725
7,690
10,159
18, 007
7, 144
10, 863
7,721
10, 286
18, 159
7,129
11, 030
7,804
10,355
18,211 17,926
7,181 6,973
11, 030 10,953
7,920 7,827
10, 291 10, 099
18, 225
7,049
11, 176
7,992
10, 233
18, 169
6,985
11, 184
8,016
10, 153
18, 251
6,974
11, 277
7,993
10,258
18,399
7,064
11,335
8,035
10,364
18,251 '18,664
6,918 '7,054
11,333 '11,610
7,933 '8,086
10,318 10,578
18, 534
7,048
11, 486
7,918
10,616
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, incl. armed forces overseas—
LABOR FORCE
Labor force, total, 16 years of age and over
Civilian labor force
Employed, total. _
Nonagricultural employment
Agricultural employment _ _
Unemployed (all civilian workers)
'Revised.
i As of July 1.
mil__ 1 194. 59
thous_ _
do
do
do
do
do_
77, 178
74, 455
71, 088
66, 726
4,361
3.366
1
196. 92
197.93
198. 11
198. 28
198.43
199. 12
199. 32
199.53
199. 73
199. 92
200.09
200.25
78,893
75, 770
72, 895
68, 915
3,979
2.875
79, 644
76, 254
73, 599
70, 239
3,360
2. 655
78, 706
75, 320
72, 160
68,826
3,335
3.160
79, 107
75, 689
72, 506
69, 225
3,281
3.183
78, 949 79, 560 79, 551 82,464 82,920
75, 513 76, 111 76,095 79, 020 79, 471
72,560 73, 445 73, 637 75, 391 76, 221
69, 149 69, 724 69,812 70, 996 71,705
3, 721
4,395
3,410
3,825
4,516
3.250
2.954
2.666
2.457
3.628
9 Includes data not shown separately.
82, 571
79, 112
76, 170
71, 792
4,378
2.942
80,982
77,526
74,631
70, 700
3,931
2,895
81, 595
78, 132
75,181
71, 148
4,033
2,951
81,582
78,113
75,218
71,460
3,759
2,894
81,527
78,057
75,338
71, 793
3,545
2,719
79,811
76,347
73,273
69,908
3,366
3,074
198. 61
198.76
198.94
February 1968
SURVEY OF CUERENT BUSINESS
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
| 1966
Annual
1967
1966
Dec.
S-13
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.?
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
LABOR FORCE— Continued
Seasonally Adjusted
C ivilian labor forcet.Employed, total
Nonagricultural employment
Agricultural employment
thous
do
do
do
Unemployed (all civilian workers)
_do
Long-term, 15 weeks and over.___
do
Rates (unemployed in each group as percent
of total in that group) : t
All civilian workers
Men, 20 years and over
Women, 20 years and over
Both sexes, 16-19 years.
. _
76, 764
73,893
69, 882
4,011
77,087
74, 255
70, 240
4,015
77, 025
74, 137
70, 247
3,890
76, 523
73, 747
69,892
3,855
76,740
73, 910
70, 020
3,890
76, 189
73, 289
69, 637
3,652
77, 237
74, 147
70, 420
3,727
77, 505
74, 489
70,633
3,856
77, 701
74,718
70,726
3,992
77,803
74,625
70,949
3,676
77,997
74,630
70,923
3,707
78,106
75,083
71, 254
3,829
78,582
75,681
71,417
4,264
77,923
75, 167
71, 164
4,003
755
536
2,871
496
2,832
485
2,888
439
2,776
436
2,830
436
2,900
414
3,090
444
3,016
435
2,983
441
3,178
437
3,367
489
3,023
487
2,901
453
2,756
488
4.5
3.2
4.5
14.8
3.8
2.5
3.8
12.7
3.7
2.4
3.9
12.2
3.7
2.2
4.3
11.0
3.7
2.2
4.0
13.2
3.6
2.3
4.1
10.7
3.7
2.3
4.1
11.6
3.8
2.4
3.9
13.1
4.0
2.6
4.3
12.6
3.9
2.4
4.3
12.6
3.8
2.4
3.9
13.7
4.1
2.3
4.9
13.8
4.3
2.5
4.8
15.1
3.9
2.4
4.0
14.0
3.7
2.2
4.1
12.8
3.5
2.3
3.9
11.3
2.4
8.1
4.1
1.9
7.3
3.3
1.7
7.6
3.3
1.7
6.6
3.3
1.6
7.1
3.3
1.7
1.9
1.9
2.0
1.8
3.1
3.3
3.3
3.5
3.5
2.0
6.9
3.5
1.8
7.9
3.6
1.9
8.8
3.8
1.7
7.3
3.4
1.7
6.9
3.3
1.6
6.4
3.2
2.3
5.3
2.0
4.2
1.9
4.2
2.1
4.2
2.0
4.1
2.1
4.2
1.7
4.6
1.9
4.6
2.2
4.7
2.2
4.7
2.2
4.4
2.5
4.6
2.5
4.9
2.2
4.4
2.1
4.3
2.0
4.3
4.6
10.1
4.0
3.5
3.8
8.1
3.2
2.8
3.7
8.9
3.0
2.7
3.8
7.5
3.3
3.0
3.7
7.3
3.3
2.8
3.7
7.1
3.6
3.0
3.7
8.1
3.7
3.4
3.9
7.8
3.9
3.8
4.0
8.6
3.9
3.6
4.1
7.6
4.0
4.1
3.9
7.1
3.8
3.4
4.2
5.4
4.1
3.7
4.4
7.2
4.1
3.6
3.9
7.6
3.5
3.2
3.7
6.2
3.5
3.4
3.6
8.3
3.3
2.8
EMPLOYMENT
Employees on payrolls of nonagricultural estab.:f
Total, not adjusted for seasonal variation, .thous . . 60,832
63,982
66, 087
64,531
64, 491
64,843
65,215
65,594
66, 514
66,129
66,408
66, 672
66,914 '•67, 470 '67,962
66, 111
60, 832
632
3, 186
18, 062
10, 406
63,982
625
3,292
19, 186
11, 256
65, 251
623
3,291
19, 526
11,496
65,564
625
3,311
19, 558
11, 507
65, 692
624
3,352
19, 507
11,482
65, 749
624
3,313
19,445
11,434
65, 653
620
3,276
19,331
11, 322
65,639
617
3,192
19, 238
11, 283
65,903
619
3,187
19, 285
11, 285
65,939
623
3,231
19, 169
11, 218
66, 190
606
3,223
19, 318
11,351
66,055
601
3,238
19, 142
11, 149
66,243
597
3,236
19,169
11,143
'67,110
599
'3,346
' 19, 490
'11,400
67, 146
596
3,226
19,533
11,458
226
607
431
628
1,301
1,269
1,735
256
613
462
645
1,345
1,349
1,911
272
596
469
640
1,364
1,374
1,978
277
607
466
642
1,362
1,374
1,988
283
603
465
640
1,348
1,372
1,984
286
602
459
638
1,332
1,364
1,984
288
592
455
628
1,305
1,354
1,979
286
584
453
624
1,299
1,348
1,972
290
590
452
626
1,295
1,357
1,972
292
585
447
625
1,280
1,350
1,969
297
585
451
626
1,281
1,356
1,976
299
585
451
622
1,262
1,331
1,966
'305
300
303
592
'598
593
'466
455
458
'634
'642
628
1,267 ' 1, 289 ' 1, 290
1,332 * 1, 354 ' 1, 370
1,932 ' 1, 980 1,939
307
599
469
645
1,288
1,374
1,965
1,896
1,862
454
425
8,026
1,783
82
954
1,384
685
1,065
1,001
192
529
351
'1,924
' 1, 976
457
'433
'8,090
'1,786
'87
'964
'1,400
691
'1,071
'1,008
193
535
'355
1,932
1,984
459
440
8,075
1,791
84
963
1,386
691
1,071
1,009
192
535
353
Married men*
_
White workers*. _
Occupation: White-collar workers*
B lue-collar workers* . . . .
Industry:
Private wage and salary workers* _
Construction*
Manufacturing*
Durable goods*
Seasonally Adjusted
..
Total
Mining
Contract construction
Manufacturing
Durable goods.
thous
do
do
do
do
0 rdnance and accessories ....
Lumber and wood products
Furniture and fixtures
Stone, clay, and glass products..
Primary metal industries
Fabricated metal products
Machinery, except electrical
do
.do
do
do
do
.do
do
'66,918
597
' 3, 289
' 19, 422
'•11,364
Electrical equip, and supplies..
do
Transportation equipment
_ do
Instruments and related products
do. ...
Miscellaneous manufacturing ind
do
Nondurable goods _
do
Food and kindred products
. . do
Tobacco manufactures
do
Textile mill products
do
Apparel and other textile products... do
Paper and allied products
do
Printing and publishing
do.
Chemicals and allied products _ _
do
Petroleum and coal products
do
Rubber and plastics products, nec_..do
Leather and leather products
do
Transportation, communication, electric, gas,
and sanitary services
thous
Wholesale and retail trade
do
Wholesale trade _ „ ...
do
Retail trade
do
1, 659
1,741
389
420
7,656
1,757
87
926
1,354
639
979
908
183
471
353
1,896
1,912
433
434
7,930
1,779
84
962
1,399
668
1,022
958
186
510
364
1,955
1,959
451
438
8,030
1,795
86
962
1,411
679
1,044
978
187
527
361
1,958
1,938
453
442
8,051
1,795
89
963
1,414
680
1,053
983
187
527
360
1,959
1,938
454
436
8,025
1,798
85
954
1,401
681
1,056
984
187
523
356
1, 947
1,932
456
434
8,011
1,803
84
952
1,384
684
1,065
981
186
521
351
1,916
1,916
456
433
8,009
1,800
86
945
1,390
680
1,063
984
187
520
354
1,904
1,927
454
432
7,955
1,797
86
941
1,395
679
1,064
982
187
472
352
1,872
1,947
454
430
8,000
1,806
87
948
1,396
688
1,066
990
189
479
351
1,889
1,896
455
430
7,951
1,790
89
940
1,376
689
1,066
989
191
479
342
1,916
1,980
456
427
7,967
1,751
85
946
1,381
687
1,067
992
190
521
347
1,882
1,873
452
426
7,993
1,777
81
950
1,377
682
1,064
993
191
529
349
4,036
12, 716
3,312
9,404
4,151
13, 211
3,438
9, 773
4,218
13,416
3,496
9,920
4,242
13,515
3, 512
10,003
4, 247
13, 541
3,521
10, 020
4,246
13,557
3,535
10, 022
4,212
13,572
3,545
10, 027
4,267
13,609
3,549
10,060
4,266
13, 648
3,555
10,093
4,292
13, 647
3,555
10,092
4,283
13, 664
3,569
10,095
4,262
13, 719
3,565
10, 154
4,251 '4,287 ' 4, 290
13,776 13, 900 '13 864
3,567 ' 3, 602 ' 3, 592
10,209 10, 298 ' 10, 272
4,288
13,896
3,592
10,304
Finance, insurance, and real estate
Services
Government
Federal
_
State and local
3,023
9,087
10,091
2,378
7,714
3, 102
9,545
10,871
2,564
8,307
3,144
9,781
11,252
2,653
8,599
3,152
9,840
11,321
2,667
8,654
3,165
9,883
11,373
2,673
8,700
3, 179
9,946
11, 439
2,685
8,754
3,194
9,973
11, 475
2,688
8,787
3,205
9,987
11, 524
2,698
8,826
3,227
10, 035
11, 636
2,747
8,889
3,234
10, 074
11, 669
2,759
8,910
3,253
10, 130
11, 713
2,746
8,967
3,264
10, 161
11,668
2,715
8,953
3,290
3,270
10,199 10, 297
11,745 11,836
2,712
2,698
9,033 ' 9, 138
'3,303
'10,333
'11,885
' 2, 708
' 9, 177
3,311
10, 367
11,929
2,703
9,226
Production workers on manufacturing payrolls:
Total, not seasonally ad justed f
thous . . 13, 434
14, 273
14, 513
14,304
14, 252
14, 200
14,104
14, 059
14, 249
13, 996
14,261
14, 290
14,249
14, 406
14,351
14,163
14, 273
8,349
122
535
383
518
1,096
1,050
, 1,345
14, 495
8,501
136
519
389
513
1,109
1,069
1,390
14,506
8,502
140
530
385
512
1,106
1,068
1,398
14,436
8,459
143
524
384
509
1,091
1,065
1, 392
14, 358
8,407
146
525
379
509
1,073
1,059
1,388
14,233
8,286
147
514
374
499
1,049
1,046
1,380
14, 147
8,254
147
507
375
495
1,042
1,041
1,373
14, 170
8,240
149
512
371
498
1,037
1,048
1,372
14, 056 14, 191
8,170
8,299
151
155
508
509
366*
369
498
497
1,023
1,024
1,041
1,048
1,368
1,375
14,003
8,091
154
508
370
494
1,003
1,023
1,365
14,034
8,083
157
513
374
500
1,009
1,024
1,329
14, 278 14,331
' 8, 294 ' 8, 328
'159
'157
'519
515
'384
377
'514
'505
' 1, 031 ' 1, 032
' 1, 045 ' 1, 060
' 1, 372 1,333
14,363
8,371
162
520
387
511
1,023
1,059
1,361
do
do
do
do
do
Seasonally Adjusted
Totalf
Durable goods _ . . _ _ .
Ordnance and accessories
Lumber and wood products
Furniture and
fixtures
Stone, clay, and glass products.
Primary metal industries
Fabricated metal products.
Machinery, except electrical
_
thous
do
do
do
. do
do
do
do
do
13,434
7,715
96
532
357
505
1,062
983
1,215
Electrical equipment and supplies
do . _
1,347
1,140
1,317
1,348
1,345
Transportation equipment.
do
1,394
1,241
1,361
1,373
1,371
Instruments and related products
do
286
248
277
289
288
Miscellaneous manufacturing ind
do
349
336
347
353
347
Nondurable goods
do
5,994
5,925
5,719
6,004
5,977
Food and kindred products
do
1,159
1,181 1,195
1,196
1,197
Tobacco manufactures
do
74
75
72
77
73
Textile mill products.
do
856
827
857
856
848
Apparel and other textile products
do. ...
1,252
1,206
1,254
1,243
1,243
r
Revised.
v Preliminary.
*New series. Mont hly data for earlier years are availab le.
JJan. 1968 data reflect new seasonal factors.
fEffective with the Sept. 1967 SURVEY, additional series (unemploym 3iit rates seasona Hy
adjusted production workers, hours, man-hours and man-houi- indexes, private s ector da ta,
and spendable earnings) are shown; these are not in t he 1967 eclition of B USINESS STATISTI cs.
' 1, 919
' 1, 951
455
'428
'8,068
' 1, 785
89
'957
' 1, 389
687
' 1, 069
'1,002
193
533
354
1,302
1,284
1,251
1,295
1,298
1,332
1,265
1,270 ' 1, 289
1,290
1,260
1,410
1,377
1,361
1,347
1,363
1,326
1,289 ' 1, 380 ' 1, 405
1,410
1,297
285
288
287
'287
289
'285
289
285
283
285
281
340
342
'340
348
344
343
'338
339
337
336
335
5,992
5,930
5,893
6,003
5,951
5,947
'
5,
984
5,886
5,951
5,892
5,912
1,196
1,201
1,200
1,195
1,196
1,185
1,185 ' 1, 188 '1,190
1,148
1,175
72
75
'74
74
72
73
77
76
72
70
69
853
841
'855
838
835
'848
845
834
842
847
839
1,224
1,239
'
1,
237
1,232
1,235
1,226
1,220
1,223 ' 1, 231
1,223
1,218
Also, t tie establ ishment (lata reflect adjust ment to fltfar. 1966 benchrmirks and revised s<jasonal
factors ; compar able earlier data (c xcept HIEin-hours and man -hour ind exes and unemplc)yment
rates) iippear in BLSBu lletin 1312-5, EMPLOYMEISTD AND EA RNINGS I^OR THE 1UNITED S TATES,
1909-67 , available from t lie Gove rnment ] Muting Office, W ashington, D.C. 20402, $4 75.
S-14
February 1968
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
| 1966
Annual
1967
1966
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan. *
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT— Continued
Production workers on manufacturing payrolls—
seasonally adjusted — Continued
Nondurable goods industries— Continued
Paper and allied products
thous _ _
Printing and publishing
do
Chemicals and allied products _ _ _ .
do
Petroleum and coal products
do
Rubber and plastics products, nee . - . do
Leather and leather products _ .
do._ .
533
673
'595
'121
'412
'306
'536
'672
'598
'120
'414
307
535
674
598
121
413
306
43.5
'39.4
'40.8
'40.8
3.3
41.2
3.4
'41.9
'41.2
40.5
'42.1
41.6
'41.4
42.4
'40.6
'39.8
41.1
'39.6
'42.4
37.3
41.1
40.8
3.5
'41.5
'3.7
'41.7
' 40. 4
'40.7
41.6
'41.6
'41.6
'42.4
'40.4
'42.6
41.2
39.4
42.3
35.7
40.3
40.5
3.4
41.5
3.7
41.5
39.7
40.5
40.9
41.4
41.9
42.1
40.5
43.1
41.0
39.3
39.7
3.2
40.7
39.0
41.3
35.8
40.1
3.2
40.8
'38.8
41.5
'36.3
'39.8
'3.3
40.7
'36.8
'41.7
36.2
39.3
3.2
40.5
38.1
41.1
34.9
498
621
546
113
366
310
519
650
572
116
397
318
527
663
584
118
411
314
527
668
585
117
411
313
529
670
585
117
406
309
531
674
580
116
403
304
526
673
583
118
402
307
525
672
580
117
354
305
535
673
583
119
362
302
536
674
585
119
362
295
534
673
585
118
401
299
527
669
585
120
407
300
531
669
594
121
408
303
42.3
37.4
41.2
42.7
37.6
41.3
3.6
42.0
3.9
41.9
40.9
41.6
42.0
42.1
42.1
43.1
41.0
42.9
41.4
39.9
3.9
42.1
4.3
42.3
40.8
41.5
42.0
42.1
42.4
43.8
41.2
42.6
42.1
40.0
42.5
38.1
41.3
41.0
3.5
41.7
3.9
42.0
40.3
40.6
41.7
41.7
42.1
43.6
40.6
41.6
41.9
39.7
42.6
38.2
40.8
41.0
3.6
41.7
3.9
42.0
40.4
40.7
41.9
41.8
42.2
43.5
40.7
41.6
41.8
40.0
42.2
37.6
40.1
40.3
3.4
41.0
3.7
41.7
40.3
40.2
41.5
40.9
41.4
43.0
39.7
40.7
40.9
38.7
42.4
37.4
40.3
40.4
3.3
41.1
3.5
41.9
40.7
40.2
41.5
40.8
41.5
42.9
40.0
40.7
41.5
39.2
42.7
37.4
40,2
40.5
3.2
41.0
3.3
41.6
40.6
40.3
41.3
40.2
41.5
42.8
39.6
40.9
41.5
39.7
42.0
36.4
40.4
40.3
3.2
41.0
3.3
42.0
40.1
40.1
41.1
40.6
41.3
42.3
39.9
41.7
41.1
39.5
42.2
37.4
40.6
40.3
3.2
40.9
3.3
41.2
40.1
40.3
41.3
40.6
41.2
42.0
40.0
41.2
41.0
39.4
-43.2
37.5
40.3
40.4
3.3
41.0
3.5
41.8
39.9
40.2
41.3
40.9
41.3
42.1
40.3
41.4
41.0
39.2
42.8
37.5
40.7
40.7
3.3
41.3
3.5
41.9
39.7
40.2
41.6
41.0
41.5
42.2
40.4
42.5
41.2
39.4
42.8
38.3
40.9
40.8
3.4
41.6
3.7
42.4
40.5
40.7
42.0
41.0
41.8
42.7
40.2
42.7
41.2
39.5
42.3
37.1
40.8
40.7
3.4
41.3
3.5
41.7
40.5
40.4
41.8
41.3
41.4
42.3
40.5
41.5
41.1
39.4
40.1
3.2
41.1
37.9
41.8
36.4
40.2
3.4
41.2
38.8
41.9
36.4
39.9
3.3
41.0
39.0
40.9
36.4
40.0
3.3
41.1
38.7
40.9
36.6
39.5
3.1
41.0
38.2
40.2
35.6
39.5
3.2
41.1
38.2
40.2
35.5
39.8
3.0
40.8
39.4
40.8
36.2
39.5
3.0
40.6
38.3
40.5
35.9
39.5
3.0
41.0
39.0
40.4
35.7
39.6
3.0
40.6
38.4
40.6
35.9
39.7
3.1
40.8
38.9
41.0
35.8
39.9
3.3
41.0
38.0
41.4
36.3
HOURS AND MAN-HOURS
Seasonally Adjusted
Average weekly gross hours per production
on payrolls of nonagricultural estab.:f
Mining
Contract construction . _
Manufacturing: Not seasonally adjusted,
Seasonally adjusted
Overtime hours _
Durable goods
Overtime hours
Ordnance and accessories
Lumber and wood products
_
Furniture and
fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products. _ _
Machinery, except electrical
Electrical equipment and supplies
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
worker
hours
do
-do
do
do
_do
do
do
.do
do
do
.do
do .
do . .
do
do
do _ _ _
do
Nondurable goods
__ __do
Overtime hours _ _ . .
do
Food and kindred products
-do
Tobacco manufactures
do
Textile mill products. _ _ _
do
Apparel and other textile products
do
T
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products , nee
Leather and leather products.
do
do
do
-do
do
do
43.1
38.6
41.9
42.2
42.0
38.2
43.4
38.8
42.0
42.4
42.0
38.6
43.1
38.6
41.9
42.4
41.4
38.0
43.2
38.8
41.8
42.0
41.5
38.3
42.8
38.6
41.4
42.6
40.9
37.1
42.8
38.5
41.6
43.0
41.0
37.0
42.5
38.6
41.5
42.6
41.1
37.7
42.5
38.3
41.2
42.6
40.9
37.7
42.6
38.3
41.3
42.6
41.2
37.9
42.7
38.3
41. 5
42.8
40.6
38.4
42.6
38.3
41.5
43.1
42.0
38.3
42.8
38.3
41.5
42.4
41.9
38.9
42.8
38.0
41.5
43.0
41.9
38.7
42.8
'38.2
41.9
'43.1
41.8
39.5
'43.0
'38.0
'41.7
'42.0
'41.3
'38.4
42.6
37.7
41.4
43.0
41.2
37.6
Wholesale and retail trade
Wholesale trade
__
Retail trade
..
Finance, insurance, and real estate...
do
do
do
.do
37.7
40.8
36.6
37.2
37.1
40.8
35.9
37.3
36.7
40.6
35.6
37.2
36.8
40.7
35.5
37.1
36.6
40.5
35.3
37.0
36.6
40.5
35.3
37.0
36.4
40.4
35.1
37.0
36.3
40.3
35.2
37.1
36.7
40.5
35.4
37.1
36.7
40.5
35.4
37.0
36.7
40.5
35.5
37.1
36.7
40.3
35.4
37.1
36.3
40.3
35.1
37.1
36.5
40.3
35.2
37.1
'36.3
'40.2
'35.1
36. 9.
36.2
40.2
34.9
37.0
131.13
132. 15
1.31. 57
131. 67
131.08
130.89
131. 80
131. 62
132. 74
132. 56
132. 35
134. 33
134.06
Seasonally Adjusted
Man-hours in nonfarm estab., all employees,
seasonally adjusted, annual ratef
bil man-hours
Man-hour indexes (aggregate weekly), industrial
and construction industries, total f
1957-59=100..
Mining
_
do
Contract construction.
...
_do
Manufacturing .
do
Durable goods
do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and
fixtures
do..
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products
...do
Machinery, except electrical .
do
Electrical equipment and supplies.
do _
Transportation equipment—
do
Instruments and related products
.do
Miscellaneous manufacturing ind
do
109.3
83.0
110.5
110.4
114.3
113.3
97.0
119.5
108.3
115.9
82.2
114.7
117.8
124.2
144.9
97.4
127.7
111.2
116.5
81.3
115.7
118.5
125.0
160.7
93.3
127.0
109.4
116.9
81.7
116.6
118.8
125.2
165.4
95.5
126.1
109.7
114.9
80.6
116.7
116.3
122.3
167.8
94.2
124.2
108.0
114.3
80.8
114.6
115.9
121.9
172.1
95.3
122.6
108.0
113.2
80.9
112.6
114.9
119.8
172.1
93.1
121.2
105.4
111.5
79.4
106.7
114.0
119. 5
173.7
90.7
121.0
104.1
111.9
79.7
109.1
114.1
118.9
172.7
91.6
120.3
105.2
111.8
82.2
111.2
113.4
118.3
177.6
90.4
118.4
105.2
113.0
78.5
111.0
115.2
121.0
182.8
90.1
119.3
105. 7
112.7
77.7
113.9
114.2
118.6
183.7
91.8
121.1
106.1
111.8
76.4
110.6
113.8
117.7
184.2
92.7
121.6
106.9
114.9
'78.2
' 119. 5
115.9
' 120. 4
' 185. 1
'94.7
122.8
' 108. 7
'114.8
'76.6
' 115. 1
'116.7
'122.0
' 186. 6
' 93. 5
' 125. 7
' 109. 4
113.0
75.4
104.9
116.3
122.5
189.2
92.1
126.1
106.9
113.3
117.2
123.6
125.7
107.1
112.7
109.4
116.9
126.1
139.0
145.8
116.7
127.7
113.4
117.2
127.5
143.0
147.1
116.7
131.3
113.2
117.1
127.7
143.5
147.6
114.9
132.4
115.3
113.1
124.9
141.2
143.6
112.3
129.1
109.7
110.9
124.5
140.5
143.3
111.6
131.4
110.1
106.8
123.0
139.3
138.2
110.9
131.4
111.2
107.2
121.8
137.0
137.8
114.2
129.3
110.3
106.7
122.3
136.0
134.6
114.2
128.1
109.4
106.0
121.8
135.9
137.1
110.5
128.1
108.5
106.4
123.2
136.9
140,2
120.6
128.7
108.4
104.2
121.1
137.5
136.2
111.4
126.9
108.4
105.6
120.1
132.6
138.3
107.6
127.5
107.8
' 108. 7
' 122. 5
' 137. 2
'140.8
' 110. 5
' 128. 4
' 109. 3
'108.8
'124.9
'133.3
' 140. 7
' 120. 4
' 129. 6
' 109. 4
107.3
125.7
135.2
141.8
122.3
129.4
111.7
r
110. 0 '109.9
'96.0 '95.9
'91.1 '83.0
'103.9 '105.3
' 117. 2 ' 117. 4
108.3
95.9
83.6
103.6
112.0
Nondurable goods
Food and kindred products
Tobacco manufactures
Textile mill products—
.
Apparel and other textile products
do
do . .
do
.do .
do._.
105.3
94.4
86.4
102.0
115.1
109.5
96.2
84.6
106.0
118.7
110.0
97.0
88.0
103.4
119.5
110.4
97.3
90.9
103.4
120.4
108.5
97.2
85.0
100.7
116.0
108.1 108.5
97.7 . 96.5
83.8
87.7
100.3
101.0
114.1
117.0
106.9
96.2
86.4
99.9
116.3
107.8
97.5
89.2
100.4
116.0
107.0
95.3
89.0
100.0
114.9
107.6
92.7
85.4
101.6
114.8
108.6
95.4
79.9
103.0
115.9
108.7
95.5
83.2
103.3
114.8
Paper and allied products
Printing and publishing.
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products .
.do
do
do
... do
do
do .
109.6
110.0
110.2
78.7
135.2
96.9
115.0
115.8
115.9
81.0
146.8
100.6
115.9
117.6
117.9
82.6
149.6
97.6
116.2
119.1
117.8
81.2
150.0
98.1
115.6
118.9
116.7
82.3
146.0
93.8
116.0
119.3
116.2
82.4
145.3
92.0
114.1
119.4
116.5
83.0
145.3
94.7
113.9
118.3
115.1
82.3
127.3
94.1
116.3
118.5
116.0
83.7
131.2
93.7
116.8
118.6
116.9
84.1
129. 2
92.7
116.1
118.5
116.9
84.0
148.1
93.7
115.1
117.8
116.9
84.0
150.0
95.5
116.4
116.0
116.8 ' 118. 1
118.7 ' 120. 0
85.9 '86.1
151.5
150.3
95.9 '98.9
123. 52
138. 38
107.53
130. 66
145. 89
112.34
133.45
148.83
114.40
134.09
149. 14
113. 42
131. 14
143. 60
111.88
132.09
146.83
112.44
134.51
147.23
112. 56
134.09
149. 54
113. 52
136. 53
153. 56
114. 49
139.43
157.90
113.65
138. 24
159. 08
114. 77
139. 32
162. 60
116. 57
'117.6
'117.4
' 120. 1
'83.2
'150.4
'96.5
116.3
116.8
119.2
85.9
149.6
94.1
139.00 139.32 137.80
160.40 '161. 24 '154. 40
116.28 '117. 50 '119. 60
138. 18
148.86
118.08
WEEKLY AND HOURLY EARNINGS
Not Seasonally Adjusted
Average weekly gross earnings per production
worker on payrolls of nonagricultural estab. :f
Mining
dollars
Contract construction
....
.do
Manufacturing establishments
do. _ .
r
Revised.
* Preliminary.
f See corresponding note, bottom of p. S-13.
February 1968
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
| 1966
1966
Dec.
Annual
S-15
1968
1967
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.?
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
WEEKLY AND HOURLY EARNINGS— Con.
Not Seasonally Adjusted
Avg. weekly gross earnings per prod, worker on
manufacturing payrolls— Continued f
Durable goods
dollars
Ordnance and accessories
do
Lumber and wood products
do
Furniture and
fixtures
. _ _ do
Stone, clay, and glass products
do
Primary metal industries
_.
Fabricated metal products
Machinery, except electrical
Electrical equip, and supplies
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
do
do
do
do
..do
do
do
Nondurable goods do
Food and kindred products
_do
Tobacco manufactures
do. _
Textile mill products..
~.~~do .
Apparel and other textile products
do.-I.
Paper and allied products
Printing and publishing
Chemicals and allied products _ _ .
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
Wholesale and retail trade
Wholesale trade
... . .
Retail trade- ._
Finance, insurance, and real estate
do
do
do
do
do
do
do.__
do
do
do
Average hourly gross earnings per production
worker on payrolls of nonagricultural estab.rf
Mining..
dollarsContract construction .
do
Manufacturing
do
Excluding overtime
do
Durable goods
do
Excluding overtime
do
Ordnance and accessories . _
do
Lumber and wood products
.do
Furniture and
fixtures—
~~do~~~~
Stone, clay, and glass products
do--~~
Primary metal industries
. do
Fabricated metal products
do
Machinery, except electrical
_do.
Electrical equip, and supplies . . .
do
Transportation equipment. _
do
Instruments and related products
do
Miscellaneous manufacturing ind
do
Nondurable goods.
Excluding overtime
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
Paper and allied products
Printing and publishing
.
Chemicals and allied products.
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products
Wholesale and retail trade
Wholesale trade
_.
Retail trade
Finance, insurance, and real estate.
do
do
do_.
do
do "
do
do
do
do
do. .
do._
do
do
do
do
do. ...
117. 18
131.15
88.75
122.09
110.04
114.24
115. 23
138.09
109.18
141.86
137. 61
124. 53
138. 60
111. 24
144. 93
137. 03
88.80
91.20
115. 65
91.87
114.11
100.25
106.14
99.65
106.08
99.18
105. 18
70.40
82.08
80.60
100.08
106.52
87.52
81.2^0
71.04
71.80
119. 14
119. 71
125. 25
147. 97
150. 94
88.19
133.88
116. 20
127. 58
105. 78
137. 71
108.47
85.39
94.64
99.87
79.21
78.17
66.61
114. 22
118.12
121.09
138. 42
109.62
71.82
76.53
106.49
sed
P
, -n ??^ *
Preliminary.
skilled labor, $5.750.
121. 69
134. 90
114. 93
98.49
103.82
84.97
82.12
68.80
119. 35
122. 61
125. 16
144. 58
112.14
74.88
124. 62
138.02
90.80
93.79
116.89
88.10
82.40
69.87
120. 81
125.90
127.68
145. 67
113. 13
76.63
79.92
79.02
111.38
68.57
92.50
114. 52
66.61
88.91
2.92
3.70
2.61
2.51
2.79
2.67
3.13
2.17
2.12
2.62
3.06
3.88
2.72
2.59
2.90
2.76
3.19
2.25
2.21
2.72
3.14
3.99
2.77
2.65
2.96
2.82
3.24
2.27
2.26
2.77
3.18
2.76
2.96
2.58
3.21
2.62
2.14
3.28
2.87
3.08
2.65
3.33
2.73
2.22
2.36
2.27
2.43
2.09
1.87
1.83
2.65
3.06
2.89
3.28
2.61
1.88
2.03
2.61
1.82
2.39
Miscellaneous hourly wages:
Construction wages, 20 cities (ENR) :§
Common labor
Snerhr
3.415
Skilled labor...
"""""
"
^o
4.951
Farm, without board or rm., 1st of mo... -do
1.14
Railroad wages (average, class I)
do.... 13.008
Spendable Weekly Earnings f
Spendable average weekly earnings per worker (with
three dependents) in manufacturing industries:
Current dollars
96.78
Constant dollars
1957-59 dollars
88.06
FEIYATE SECTOR SERIES
Not Seasonally Adjusted
Excludes government employees:
Employees/total, nonagricultural estab
thous. - 50, 741
Production or nonsupervisory workers
do
42,309
Hrs. (gross), av. weekly: Unadjusted-.hoursV.
38.8
Seasonallyadj.do
Weekly earnings (gross), average dollars
95.06
Hourly earnings (gross), average
do....
2.45
r
134. 94
91.80
91.72
122.84
136. 63
90.80
90.63
113.71
138.69
122.89
109.35
141.02
83.16
81. 61
119.84
123.97
126. 16
144.90
112.19
77.20
80.30
114.09
120. 77
133. 22
PL 08
90.12
112. 19
134. 97
120. 83
135. 88
107. 98
136. 21
90.17
123.33
109.35
76.13
121.36
133. 54
93.09
90.74
113.70
135. 38
120. 72
136. 20
108.93
136. 49
115.51
92.20
125.06
126.88
110.16
75.65
80.59
126.05
138. 65
99. 72
97.41
121. 11
125. 44 '126. 07 '129. 89
137. 43 '139. 35 '140. 01
99.55 * 99. 96 ' 97. 44
97.82 ' 97. 34 '99.84
121. 25 '122. 38 '119. 94
111. 76
143. 52
117. 14
92. 04
138. 58
126. 00
136. 10
112. 31
147.48
118.53
92. 66
137. 90 '141. 25 '142. 69
124. 38 '124. 92 '128. 52
135. 46 137. 05 '139. 53
114.09 '115. 87 '117. 67
146. 86 '141.35 '156. 17
102. 03
108. 62
91.44
81.41
72.16
102.80
107.94
87.75
83.84
74.05
104.66
109. 67
86. 33
86. 73
74. 73
104. 14
107. 98
105. 06 '105. 60
109. 47 '110. 70
' 83. 42 ' 85. 41
103. 74
109. 34
86. 54
87.31
123. 69
124. 41
126. 28
129. 17
153. 79
116. 89
80.11
125. 85
128.21
130.31
155. 52
119.71
80.26
125. 85 125.99 '127. 44
127. 25 '127. 64 '129.75
130. 73 132. 40 '132. 51
155. 23 '156.52 '150. 12
119. 99 120.12 '119. 55
80.43 82.92 ' 83. 28
124. 91
125. 29
130. 70
84.15
116. 64
72.96
96.83
83.45
118. 08
71.66
97. 31
118. 08
71. 55
98. 69
121. 18
132.48
94.77
90.46
115. 23
122.89
134. 08
95.18
91.25
116. 62
123. 19
132. 25
97.27
93.09
117.46
122. 40
123.30
118. 01
96.88
95.06
119.99
133. 57
121. 54
134.82
108.35
137. 30
115.77
91.57
134.64
123. 26
134.30
110.12
141. 78
115.90
91.57
136. 12
122. 84
134. 09
111.88
141.17
117.01
92.20
136.27
121.66
133.24
111.32
140.29
116.28
90.79
100.22
105. 86
91.33
81.20
72.16
100. 73
107. 18
90.30
82.22
71.80
101. 63
108. 50
94.41
82.82
72.52
119.00
124. 03
127. 49
153. 15
110. 30
75.19
120. 28
124. 86
127. 10
153. 58
107. 57
77.04
122. 41
124. 86
128. 65
152. 72
109.03
79.28
134.05
96.64
92.40
124.91
129.48
156.67
105.73
79. 75
135. 11
137. 50
123. 55
132.82
118.53 119.36 '120.77
93.53 '94.56 ' 96. 47
86.05
89.03 '89.88
73.75 ' 74. 93 74.88
88.19
82.90
82.67 ' 83. 08
118. 48 '119. 88
71. 34 ' 72. 22
98.42 ' 99. 16
128. 86
138. 36
95. 50
94.96
116. 58
142.76
127.82
137. 67
116. 06
156. 02
118. 73
94.92
72.24
153.91
117. 14
81.49
83.65
119.10
114. 05
69.10
114. 74
94.98
69.30
95.35
80.73
115. 26
69.80
95.83
81.09
115. 66
69.80
96.20
82.80
116. 64
71.56
96.20
117.62
72.96
97.20
3.17
4.02
2.78
2.67
2.96
2.84
3.23
2.27
2.26
2.76
3.16
4.00
2.79
2.68
2.96
2.84
3.21
2.30
2.27
2.77
3.16
3.99
2.79
2.69
2.96
2.85
3.21
2.31
2.28
2.78
3.18
3.99
2.80
2.70
2.97
2.86
3.20
2.34
2.29
2.79
3.17
4.02
2.81
2.70
2.99
2.87
3.20
2.35
2.31
2.81
3.19
4.02
2.82
2.71
2.99
2.88
3.21
2.39
2.31
2.81
3.22
4.08
2.82
2.71
3.00
2.88
3.23
2.41
2.31
2.83
3.20
4.10
2.82
2.71
3.00
2.88
3.24
2.41
2.33
2.85
3.24
4. 18
2.85
2.73
3.03
2. 89
3.27
2.45
2.37
2.87
3.24
4.21
2. 85
2.74
3.03
2.90
3.28
2.44
2.38
2.88
'3.24
'4.21
'2.88
2.76
'3.06
2.93
3.31
'2.45
2.38
2.90
' 3. 25
' 4. 23
' 2. 91
'2.79
'3.10
'2.96
'3.31
'2.43
'2.40
'2.89
3.29
4.29
2.93
2. 82
3.12
2.99
3.31
2.43
2.38
2.90
3.30
2.93
3.15
2.70
3.41
2.77
2.28
3.31
2.94
3.15
2.70
3.39
2.78
2.32
3.30
2.94
3.16
2.72
3.38
2.79
2.33
3.31
2.93
3.16
2.73
3.37
2.79
2.34
3.29
2.95
3.15
2.75
3.39
2.81
2.33
3.30
2.97
3.16
2.76
3.40
2.82
2.33
3.32
2.96
3.17
2.79
3.41
2.84
2.34
3.34
2.96
3.18
2.79
3.43
2.85
2.34
3.37
2.97
3.17
2.78
3.45
2.85
2.33
3.38
3.00
3.21
2.78
3.47
2.87
2.34
3.38
2.99
3.21
2.81
3.48
2.87
2.35
>-3.42
3.01
3.24
'2.84
'3.49
2.89
2.37
'3.43
' 3. 06
3.26
'2.87
'3.59
'2.91
'2.43
3.44
3.08
3.27
2.88
3. 62
2.91
2.44
2.45
2.35
2.52
2.19
1.96
1.89
2.75
3.16
2.98
3.41
2.67
1.94
2.13
2.73
1.91
2.48
2.50
2.40
2.57
2.17
2.00
1.93
2.79
3.22
3.04
3.46
2.70
1.98
2.16
2.80
1.94
2.51
2,51
2.42
2.60
2.20
2.01
1.95
2.80
3.22
3.04
3.50
2.71
2.00
2.20
2.81
1.97
2.55
2.53
2.44
2.61
2.28
2.01
1.99
2.81
3.22
3.04
3.54
2.70
2.03
2.21
2.83
1.98
2.56
2.54
2.45
2.63
2.34
2.02
2.00
2.81
3.24
3.05
3.56
2.70
2.05
2.22
2.84
1.98
2.57
2.55
2.46
2.64
2.36
2.02
2.01
2.82
3.23
3.05
3.57
2.71
2.06
2.23
2.86
2.00
2.59
2.55
2.46
2.64
2.37
2.03
2.00
2.83
3.26
3.07
3.58
2.63
2.06
2.24
2.87
2.00
2.60
2.56
2.46
2.64
2.39
2.03
2.02
2.86
3.26
3.10
3.56
2.64
2.07
2.25
2.88
2.01
2.60
2.57
2.47
2.63
2.40
2.02
2.01
2.89
3.27
3.12
3.61
2.63
2.05
2.25
2.89
2.01
2.62
2.57
2.47
2.62
2.25
2.04
2.04
2.90
3.28
3.12
3.56
2.77
2.07
2.25
2.88
2.01
2.61
2.61
2.50
2.63
2.18
2.10
2. 07
2.92
3. 33
3. 14
3. 60
2.83
2.09
2. 28
2.93
2.03
2.63
2.61
2.50
2.64
2.13
2.12
2.06
2.92!
3.34
3.15
3.61
2. 85
2.10
2.29
2.93
2.05
2.66
2.62
2.52
2. 67
'2.15
2.13
2. 07
2.93
3.35
3.16
3. 64
2. 86
2.11
2.29
2.94
2.05
2.66
2.64
'2.54
'2.70
'2.23
'2.14
2.08
2.95
3.37
3.17
' 3. 60
'2.86
'2.13
2. 27
'2.96
' 2. 04
'2.68
2.66
2.56
2.72
2.32
2.14
2.10
2.96
3.35
3.18
3.63
2.85
2.15
2.33
2. 97
2.09
2.71
3.623
5.207
3.720
5.335
3.748
5.355
3.752
3.757
3.757 3.832 3.876
5.464 5.533
5.374
1.34
3. 235 ~~3.~269~ ""§."212"
3.962
5.560
3.978
5.620
3. 978
5.627
3. 997
4.001
69.65
93.62
1.23
* 3, 106 "3."ili"
99.45
87.93
101.09
88.13
44,234
53, 111
54,590
38.7
45, 517
38.6
38.4
98. 69
2.55
99.97
2.59
69.15
94.61
80.22
5.371
5. 364
1 33
3.198 ~~37266~ ~O79~
100.08
87.25
98.86
53, 165
44, 079
38.2
38.4
53, 017
43, 895
37.9
38.2
99.70
2.61
1 Includes adjus;ments nc>t distribiited by inonths.
86.11
99.30
86.35
99.40
86.21
100. 16
86.64
100. 93
87.01
84.15
1 36
3.259 ~~3.~226~ ~~3~271~
100. 27
86.07
101. 16
86.54
53, 631 53,990 54, 850 54, 858 55,168
44,440 44, 782 45, 545 45. 493 45, 785
37.9
38.3
38.5
38.6
37.8
38.2
38.2
38.0
38.1
38.0
99.41 100. 06 101. 88 103. 18 103. 45
99.30
99.56
2.64
2.68
2.68
2.62
2.62
2.63
2.66
§ Wages
fSee 3orresporiding no ,e, botto m. of p. 3-13.
53,289
44, 136
38.0
38.2
102.61
87.63
5.660
72.11
100.27
4.009 '4.040
5.687 ' 5. 713 '5.747
1.29
102. 37 r 103. 35
.87. 12 '87.73
105.04
88.87
55, 057 55,038 f 55, 459 r 55,833
45, 696 45, 688 ' 46, 090 ' 46,437
'38.2
38.1
38.1
38.4
'38.0
38.3
38. 4 - 38.0
104. 06 103. 25 103. 63 ' 103. 90
'2.72
2.72
2.71
2.71
as of Fel3. 1, 1968 : Common labor
54, 132
44, 827
37.6
37.8
103. 40
2.75
$4.061;
February 1968
SURVEY OF CUERENT BUSINESS
S-16
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966
1966
Annual
1968
1967
Dec.
Jan.
Feb.
Mar.
May
Apr.
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HELP- WANTED ADVERTISING
Seasonally adjusted index
1957-59=100__
LABOR TURNOVER
Manufacturing establishments: f
Unadjusted for seasonal variation:
Accession rate, total
mo rate per 100 employees
New hires
_
_
do
Separation rate, total
do
Quit
-do
Layoff
-do
Seasonally adjusted:
Accession rate, total
do
New hires
do
Separation rate, total
^do
Quit
do_ _
Layoff
do
INDUSTRIAL DISPUTES
Strikes and lockouts:
Beginning in period:
Work stoppages
number
Workers involved
thous
In effect during month:
Work stoppages
•
number
Workers involved
thous
Man-days idle during period
do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
State programs:
Initial claims
Insured unemployment weekly avg
Percent of covered employment :tf
Unadjusted
Seasonally adjusted
Beneficiaries weekly average
do
do
thous
Federal employees, insured unemployment,
Veterans' program (UCX):
Initial claims
Beneficiaries weekly average
Benefits paid
Railroad program:
Applications
Benefits paid
do
do
mil $
190
193
189
190
184
181
174
171
169
180
185
186
187
190
43
50
3.8
29
2.1
43
3.0
3 Q
2.7
39
2.8
39
2.8
26
1.2
17
18
21
15
19
I 3
21
15
2 2
13
4 6
3.3
4.2
22
11
59
4.5
4.3
2^
1 1
46
3.3
4.8
2. 1
1.9
5 4
4.0
5.3
3.2
1.1
53
4.1
6.2
4.0
1.2
47
3.7
4.7
2.4
1.3
'3.7
2.7
4.0
1.9
1.3
"2.8
"1.9
"3.8
"1.5
"1.6
4 6
36
44
27
13
4 6
36
46
2 5
14
4 3
34
4 9
2.5
15
41
32
52
2.4
17
42
3.1
4.7
2.3
15
4 6
32
4.6
2.2
14
4 6
32
4.8
2.4
14
4.2
3.0
4.4
2.1
1.6
4.3
3.1
4.3
2.3
1.1
4.3
3.2
4.7
2.3
1.3
4.7
3.5
4.5
2.2
1.3
'4.5
3.3
4.3
2.4
1.2
"4.4
"3.3
"4.0
"2.4
"1.1
405
158
"300
"197
"190
"65
3.1
4.1
1.9
1.4
3,963
1,550
4 405
1,960
173
49
275
98
325
106
430
141
440
409
535
255
430
177
375
804
385
86
405
375
23 300
25 400
389
158
1 670
440
190
1 270
465
151
1 280
575
202
1 490
600
443
2 170
695
402
3 900
670
350
4 360
630
1,010
4 710
655
231
2, 840
670
484
6,320
407
4fifi
47fi
507
coy
487
552
558
540
460
380
fifl°.
1 4.00
1 197
1 070
1 246
1 122
955
953
1 068
1 338
848
1 360 1 142
803
1 019
1,218
1 184
872
1,059
663
894
798
889
910
997
1,149
1,259
21
2 6
925
2.4
2.8
907
147 3
2.2
2.6
946
172 8
1.8
2.4
759
122 6
1.8
2.4
713
122 1
2.0
2.3
776
134 9
2.6
2.3
942
159.2
47°.
&
4Q9
1 4.1 Q
1
1 9°.
&
Unemployment insurance programs:
155
491
440
1 fi°.1
1 fi*wi 1
12 047
1 328
10 575
1 061
1 280
1*254
1 346
1 558
1 087
1 582
1 061
1 532
1,005
30
2 3
2 7
2 4
902
33
24
1 276
34
25
1 349
33
26
1 374
2 4
27
1 014
183 6
"530
"400
645
"194
"388
440
6,510 v 3,060 " 2, 610
1 771
1 H7 R
994. R
91 Q *>
9^7 ^
29
2.7
1 244
200 6
OK
91
9ft
90
94.
99
19
18
18
20
19
18
20
21
23
266
36
34
67 5
182
21
19
39 5
17
19
15
25
23
39
16
94
14
21
21
36
14
19
18
34
17
19
19
35
22
24
18
3. 1
21
25
23
4.4
18
22
21
3.7
20
22
19
3.5
22
26
21
4.0
25
33
26
4.6
4
1 131
2 ' ififi
895
91
25
22
4 0
22
4 2
5
1 KC 1
thous
138
145
16
30
7
9ft
1Q
oe
94
9°.
9fi
mil $
60 3
39 3
29
35
38
4 2
30
3
17
2.8
15
14
2 5
21
17
2.1
12
18
3.2
15
21
2.9
56
21
4.2
54
23
^4.1
39
23
4.4
4,116
on
11
6
"184
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
_mil. $_.
Commercial and finance co. paper, total
do
Placed through dealers
do
Placed directly (finance paper)
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period.,
mil. $_.
Farm mortgage loans:
Federal land banks
do
Loans to cooperatives
do
Other loans and discounts
do
3,392
9,058
1,903
7,155
3,603
13,279
3,089
10,190
3,603
13, 279
3,089
10,190
3,601
14, 718
3,449
11,269
3,575
15,199
3,781
11,418
3,704
16,034
4,360
11, 674
3,830
16, 249
4,356
11,893
3,964
17, 067
4,713
12,354
4,131
16,150
4,934
11,216
17,044
4,976
12,068
4,103
16,816
4,979
11,837
4,146
16,220
5,124
11,096
4,136
16, 777
5,186
11,591
4,218
17,147
5,136
12, Oil
4,317
17,084
4,901
12,183
9, 452
9, 560
9, 721
9,937
10,103
10,280
10,435
10, 605
10, 661
10, 624
10, 661
10,675
10,848
4,281
1,055
2,745
4,958
1,290
3,205
4,958
1,290
3,205
4,986
1. 323
Si 251
5,036
1, 342
3,343
5, 111
1,363
3,463
5,175
1,337
3,590
5,248
1,316
3,716
5,303
1,296
3,836
5,358
1,335
3,911
5,404
1,368
3,889
5,449
1,384
3/790
5,502
1,438
3,721
5,546
1,475
3,654
5,609
1,508
3,733
5,151.8
2,138. 5
3, 013.3
1,140.9
1,872.4
5,923.1
2, 502.2
3,420.9
1,328.1
2,092. 7
6,406. 5
2,844.6
3, 561.9
1,405.1
2,156.8
6,409.1
2,847.3
3, 661.8
1, 362.2
2,199. 6
6, 294. 9
2, 724. 7
3, 570. 2
1, 389. 5
2,1.80. 7
6,315.9
2, 756. 6
3,559.3
1,386.8
2,172.5
6,637.2
2,904.1
3,733.1
1,476.4
2,256. 7
88.7
2,857.1
3,831.6
1,560.5
2,271.1
7,067.8
3,185. 7
3,882.1
1, 575. 0
2,307.1
6,799.4
2,952.4
3,847.0
1,513. 6
2,333.4
6,993.0
3,102.4
3,890.6
1, 537. 7
2,352.9
6,997. 7
3.100.8
3.896.9
1,557.8
2,339.1
7,0410
3,149. 7
3,897,3
1,515, 4
2,381.9
Federal Reserve banks, condition, end of period:
Assets, total 9.
mil. $_.
65,371
70, 332
70,332
67,493
67,490
67,385
69, 015
70,135
70, 516
70,126
71,193
71,383
73,418
75,330
Reserve bank credit outstanding, total 9 ..do
Discounts and advances
_
_do
U.S. Government securities
_._do
Gold certificate reserves
__do
43,340
137
40,768
13,436
47,192
173
44, 282
12, 674
47,192
173
44, 282
12,674
45,602
71
43,464
12,678
45,799
185
43,971
12, 626
46', 507
42
44,908
12,611
47, 267
54
45, 460
12,604
46,718
12,610
47, 603
41
46,804
12,604
48,363
36
46, 555
12,499
48,860
74
46,916
12,510
48,873
120
47,390
12,410
50,869 ••61,948
141
76
49,112
12,392 11,481
do..
65,371
70, 332
70,332
67,493
67,490
67,385
70,135
70,516
70,126
71,193
71,383
73,418
do
".Idol--"
do
1Q. 620
18, 447
37,950
20, 972
19, 794
40,196
20, 972
19,794
40,196
20,171
18,773
39,216
19,879
18,916
39,115
20,561
19,148
39, 013
21,353
19, 410
39, 070
20,844 21,474 20,813
19,634 19, 505 18,877
39,499 39,934 40,199
21,433
19,789
40,363
22,072
20,686
40,413
21,877
20, 604
40,628
22,837 22, 920
20,648 20,999
41,488 42,389
Ratio of gold certificate reserves to FR note
liabilities
—...._.
percent-.
35.4
31.5
31.5
32.3
32,3
32.3
32.3
31.4
31.0
31.0
30,5
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (233 SMSA's)Q
__bil. $_
New York SMSA____.__ . ._
do
Total 232 SMSA's (except -N.Y.)
_..do.
6 other leading SMSA'sl
do. _
226 other SMSA's..,..
do.__.
Liabilities, total?
__.,„.
Deposits, total
Member-bank reserve balances
Federal Reserve notes in circulation
8,080
••Revised.
* Preliminary,
fSee corresponding note, bottom of p. S-13.
©Excludes persons under extended duration
ration provisions.
d"Insured unemployment as % of average
ige cover
covered" employment in a 12-month period.
6, 553. 5 6,348.2
' "64.0 2,734.5
3, 689. 5 3,613.7
1,451. 4 1,409.2
2,238.1 2,204. 5
47, 799
415
12,608
31.6
75,330
29,9
OTotal SMSA's include some cities and counties not designated as SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los
Angeles-Long Beach.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
February 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966
End of year
S-17
1967
1966
Jan.
Dec.
Feb.
Mar.
Apr.
1968
May
June
July
Aug.
Sept.
Oct.
23, 284
22, 914
370
101
269
23,518
23,098
420
123
297
23, 907
23, 548
359
87
272
23,791
23,404
387
89
298
24, 200
23,842
358
90
268
24,608
24,322
286
126
160
Nov.
Dec.
Jan.
FINANCE—Continued
BANKING- Continued
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held total
mil $ i 22, 719 i1 23, 830 23,830 24,075
Required
do
i 22, 267
23, 438 23,438 23,702
Excess
_
do
!392
1452
392
373
Borrowings from Federal Reserve banks . _ _ do
1454
1557
389
557
Free reserves
do
i -2 i -165
-165
-16
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:
Deposits:
75,901
Demand, adjustedcf- - - mil. $
75, 120 75, 120 73, 703
Demand, total 9
do_ __ 110,201 114, 765 114, 765 111, 768
Individuals, partnerships, and corp
do
81, 070
83, 108 83, 108 79, 215
State and local Governments. _ _ . _ do _
5,854
6,137
6,137
6,771
T7.S. Government
do
4,059
3, 882
3,882
3,355
Domestic commercial banks _
do
12,399
13,838 13, 838 13, 481
Time, total 9
do
Individuals, partnerships, and corp.:
Savings
do
Other time ._ __
.
.do
Loans (adjusted) /totaled _
Commercial and industrial
__
For purchasing or carrying securities
To nonbank financial institutions.
Real estate loans
Other loans
_ _
do
do
do _
do
do
do
Investments, total
do
U.S. Government securities, total
do
Notes and bonds
do
Other securities.
do
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas. adj.:J
Total loans and investments©
_
bil. $
Loans O
_
do
U.S. Government securities.
_ do
Other securities
do
Money and interest rates: §
Bank rates on short-term business loans: f
In 35 centers
percent per annum _
New York City
..
do....
7 other northeast centers. .
do
8 north central centers
do
7 southeast centers
do
8 southwest centers
.
do
4 west coast centers
.
do
Discount rate (N.Y.F.R. Bank), end of year or
month. _
percent-Federal intermediate credit bank loans. _.do
Federal land bank loans
_ _ do .
Home mortgage rates (conventional 1st mortgages) :
New home purchase (U.S. avg.)
percent.
Existing home purchase (U.S. avg.)
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 mo. do
Stock Exchange call loans, going rate
do
Yield on U.S. Government securities (taxable) :
3-month bills (rate on new issue)
percent. .
3-5 year issues
do
CONSUMER CREDIT
(Short- and Intermediate-term)
Total outstanding, end of year or month
mil. $__
23,709
23,351
358
362
-4
23,405
22,970
435
199
236
23,362
23,053
309
134
175
24,740 ' 25,260
24,337 24, 915
403
'345
133
238
270
'107
72, 600 72, 841 71, 484 72, 891 73, 173 74,348 73,321 74,395 77, 183 76,649 81,848 78, 598
109, 635 106, 592 110, 455 111,495 109, 403 112, 459 107, 686 113, 043 118,625 113, 421 127, 277 120, 138
79, 254 77, 469 77,831 79, 782 79, 244 81, 030 79, 157 81,444 84,808 83, 521 92,380 86, 053
5,607
6,310
6,249
5,920
5,665
6,683
5,937
6,229
5,503
6,089
6,231
6,301
2,944
5,353
4,031
3,368
3,752
2,705
3,103
2,322
6, 150
3,458
3,818
5,467
13, 236 12, 462 12, 927 13, 490 12, 701 13,445 12, 643 12,846 13,960 12, 774 15, 752 13, 298
85,298
89, 639
89, 639
92, 985
94, 240
96, 133
96, 569
97, 829
98, 848 100, 731 101, 827 101, 659 102,189 102,969 102, 921 104, 178
50, 694
22,111
47,213
29, 002
47, 213
29, 002
46, 459
32, 425
46, 609
33, 024
47,098
34, 039
46, 970
33, 769
47, 285
34, 707
47, 739
35, 117
125,789
53, 113
6,633
11, 187
25, 577
34,917
134, 761 134, 761 133, 268 132, 359 133, 027 134, 237 133,108
60, 779 60, 779 60, 385 60, 730 61, 962 62,648 61,836
6,901
6,302
6,799
6,642
7,419
6, 691
6,691
9,634
9,942
9,723
9,612
11, 228 11, 228 10, 280
27, 492 27, 492 27, 290 27, 168 27, 131 27, 087 27, 296
34, 729 34, 729 34, 235 33, 808 33, 852 34, 068 34, 510
47,836
36, 604
47,957
37, 449
48,349
37, 174
48,438
37,949
48,533
38, 788
48,864
38, 273
138,204 143, 966 141, 762
63,733 66, 290 64,994
6,817
8,350
8,360
9,773 10,470
9,676
28,754 28, 988 29, 035
35, 597 37, 700 36,293
52,811
26,638
21,591
26, 173
51, 502
24, 803
19, 816
26, 699
51, 502
24, 803
19, 816
26, 699
53, 163
25, 758
20, 246
27, 405
54, 147
25, 629
21, 058
28, 518
56, 038
26, 770
21, 248
29, 268
56, 033
25,326
21,446
30,707
56, 269
25, 398
21, 544
30, 871
55, 783
24, 126
21, 335
31, 657
58, 268
26,004
21, 041
32, 264
59, 321
26, 903
22, 274
32, 418
59,717
27,043
21, 978
32, 674
61,677
28,915
21,842
32,762
61,485
28,400
22, 436
33, 085
61,804
28, 371
22, 322
33,433
62, 057
28, 080
22, 057
33,977
294.4
192.4
57.3
44.8
2 310. 2
2 207. 8
53.7
2
48. 7
310.2
207.8
53.7
48.7
314.4
210.4
54.2
49.9
318.0
211.0
55.9
51.1
321.4
211.3
57.8
52.3
323.2
213.5
56.1
53.6
324.6
213.5
56.1
55.0
325. 6
213.9
55.4
56.3
332.4
217.1
58.8
56.5
337.3
218. 2
61.8
57.3
339.5
220.2
61.6
57.7
342.6
221.8
62.3
58.6
344.3
222.3
61.8
60.2
344.4
224.0
60.0
60.4
348.4
227.2
59.1
62.1
5.95
5.67
6.32
5.91
5.93
6.04
6.05
6 13
5 86
6.45
6.12
6.07
6.18
6.26
5.96
5.71
6.29
5.91
5.94
6.03
6.03
5.95
5.66
6.29
5.92
5.92
6.01
6.02
4.50
34.94
35.43
4.50
35.82
35.74
4.50
6.38
6.00
4.50
6.38
6.00
4.50
6.38
6.00
4.50
6.17
6.00
4.00
6.03
6.00
4.00
5.78
6.00
4. 00
5.72
6.00
4.00
5.63
6.00
4.00
5.62
6.00
4.00
5.64
6. 00
4.00
5.66
6.00
4.50
5.78
6.00
4.50
5.82
6.24
4.50
3 5. 76
35.89
36.11
36.24
6.44
6.52
<6.47
46.54
6.44
6.50
6.41
. 6.44
6.37
6.36
6.28
6.31
6.29
6.30
6.34
6.33
6.34
6.38
6.37
6.37
6.37
6.42
6.37
6.43
6.45
6.51
6.39
6.56
«4.22
54.38
54.27
54.69
55.36
55.55
5
5.42
55.78
5.60
6.00
5.88
6.25
5.23
5.73
5.50
6.20
4.88
5.38
5.19
5.75
4.68
5.24
5.01
5.75
4.29
4.83
4.57
5.50
4.27
4.67
4.41
5.50
4.40
4.65
4.40
5.50
4.58
4.92
4.70
5.50
4.77
5.00
4.75
5.50
4. 76
5.00
4.77
5.50
4.88
5.07
4.96
5.50
4.98
5.28
5.17
5.68
5.43
5.56
5.43
6.00
5.40
5.60
5.49
6.00
5 3. 954
54.22
54.881
55.16
5.007
5.07
4.759
4.71
4.554
4.73
4.288
4.52
3.852
4.46
3.640
4.68
3.480
4.96
4.308
5.17
4.275
5.28
4. 451
5.40
4. 588
5.52
4.762
5.73
5.012
5.72
5.081
5.53
99, 228
87, 884
94, 786
94, 786
93,479
92, 517
92, 519
93, 089
93, 917
94,813
95, 115
95, 684
95, 886
96,094
96,802
68,565
74, 656
74,656
74, 015
73, 598
73, 591
73, 840
74, 290
75,051
75,348
75,889
76,039
76,223
76,680
77, 946
Automobile paper
do
Other consumer goods paper
do
Repair and modernization loans
do
Personal loans
do
By type of holder:
Financial institutions, total
do
Commercial banks
__
do
Sales finance companies
do
Credit unions
_
do
Consumer finance companies _ _
do
Other
.
do
28, 843
17, 693
3,675
18, 354
30, 961
19, 834
3,751
20,110
30, 961
19, 834
3,751
20, 110
30, 689
19,649
3,703
19, 974
30, 530
19, 426
3,666
19,976
30, 527
19, 369
3,648
20, 047
30,635
19, 376
3,636
20, 193
30, 852
19, 442
3,670
20, 326
31, 208
19, 580
3,696
20, 567
31, 364
19, 607
3,711
20, 666
31, 455
19, 755
3,743
20, 936
31,296
19,914
3, 742
21, 087
31,237
20, 042
3,746
21,198
31,217
20,340
3,748
21,375
31, 197
21, 328
3,731
21,690
60, 273
29, 173
16, 138
7,512
5,606
1,844
65, 565
32, 155
16, 936
8, 549
6,014
1,911
65,565
32, 155
16, 936
8,549
6,014
1,911
65, 162
32, 033
16, 814
8,443
5, 969
1, 903
64,966
31,967
16, 696
8,429
5,965
1,909
65,006
32, 068
16, 593
8,485
5,951
1,909
65, 298
32, 299
16, 590
8,561
5,951
1, 897
65, 733
32, 560
16,615
8,665
5,947
1,946
66,452
32, 966
16, 721
8,826
5,995
1,944
66, 781
33,235
16, 747
8,864
6,009
1,926
67,273
33, 536
16, 755
8, 991
6,036
1,955
67,376
33, 637
16, 701
9, 026
6,067
1,945
67, 513
33, 723
16, 698
9,054
6,086
1,952
67, 763
33,819
16,722
9,113
6,138
1,971
68, 273
33, 992
16, 851
9,169
6,294
1,967
8,292
447
19, 319
7,682
6,587
1,095
6,746
723
4,891
9,091
490
20, 130
7,844
6,714
1,130
7,144
874
5,142
9,091
490
20, 130
7,844
6,714
1,130
7,144
874
5, 142
8,853
488
19, 464
7,779
6,659
1,120
6,472
908
5,213
8,632
485
18,919
7,754
6,634
1,120
5,824
895
5,341
8, 585
486
18, 928
7,769
6,647
1,122
5,809
898
5,350
8,542
490
19, 249
7,890
6,758
1,132
8,557
494
19, 627
8,017
6,848
1,169
6,231
939
5,379
8, 599
502
19, 762
8,077
6,902
1, 175
6,334
965
5,351
8,567
506
19, 767
8,100
6,927
1,173
6, 346
1,024
5,321
8,616
508
19, 795
8,136
6,950
1,186
6,368
1,057
5,291
8,663
507
19, 847
8, 179
6,994
1, 185
6, 387
1, 083
5,281
8,710
506
19,871
8,189
7,001
1,188
6,471
1,056
5,211
8,917
506
20, 122
8,237
7,034
1,203
6,614
1,046
5,271
9,673
506
21, 282
8, 267
7,064
1,204
7,595
1,054
5,420'
Retail outlets, total
Automobile dealers _ _ _
Noninstallment credit, total
Single-payment loans, total
Commercial banks
_ _
Otherfinancialinstitutions
.
Charge accounts, total
Credit cards
.......
Service credit
r
Revised.
1
Average for Dec.
2 Effective with the
do
do
do
do
do
do
do
do
do
June 9 change in Federal Reserve regulations,
1^41 N . !-.«« j»»
data P.XP.lndft loan V»p>1anr».P<: aprm-m-nlcitaH f/-vr -r»a-tTTna-nf
-V/-V1-1+- (tl
1
with earlier figures. 5 Daily average.
d*For demand deposits, the term "adjusted" denotes demand deposits other than domestic
http://fraser.stlouisfed.org/
287-569 O - 68 - 4
Federal Reserve Bank of St. Louis
48, 516
39,639
136,043 137,270 135, 488 138,009 139,220
63, 784 63,445 62, 189 63,372 63,401
6,050
7,455 , 7,024
7,247
7,791
10, 270
9,495 10, 185 10,428
9,907
27, 547 27, 797 28, 094 28,337 28,531
35, 231 34, 992 35,273 35,466 35, 730
do
Installment credit, total.
25, 840
25, 465
375
237
138
5,923
922
5,436
terns in process of collect ion; for
and
afte r deduct ion of viiluation
A*A,-.^4-i
reserves (individual loan items are shown gross; i.e., before deduction
of valuation reserves).
9Includes data not shown separately. ^Revised monthly data for commercial bank credit
(1948-66) appear in the Sept. 1967 Fed. Reserve Bulletin.
O Adjusted to exclude interbank
loans. §For bond yields, see p. S-20. fBeginning Feb. 1967, series revised to cover 35 centers
and exclude rates for certain loans formerly included (see May 1967 Federal Reserve Bulletin).
comm jrcial int erbank imd U.S Govern ment, less cash
loans, exclusive3 of loans to donlestic co mmercia I banks
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966
Annual
1966
February 1968
1967
Jan.
Dec.
Feb.
Mar.
Apr.
1968
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 paper
All other
^
Repaid, total
Automobile paper
Other consumer goods paper
All other
mil. $
do
do
do
_
do __
do
do
do_ __
_
75, 508
27, 914
21, 454
26,140
78, 896
28, 491
23,502
26, 903
7,442
2,178
2,720
2,544
5,674
1,923
1,808
1,943
5,488
1,916
1, 655
1,917
6,641
2,350
1,985
2,306
6,495
2,294
1,927
2,274
7,062
2,559
2,074
2,429
7,458
2,678
2,155
2,625
6,859
2, 396
2,071
2,392
7,223
2,392
2,229
2,602
6,590
2,042
2,205
2,343
6,912
2,355
2,215
2,342
7,032
2,222
2,375
2,435
7,829
2,094
3,088
2,647
67, 495
24, 267
19, 355
23, 873
72, 805
26, 373
21, 361
25, 071
6, 277
2,154
1,831
2,292
6,315
2,195
1,993
2,127
5,905
2,075
1,878
1,952
6,648
2,353
2,042
2,253
6,246
2,186
1,920
2,140
6,612
2,342
2,008
2,262
6,697
2,322
2,017
2,358
6,562
2,240
2,044
2,278
6,682
2,301
2,081
2,300
6,440
2,201
2,046
2,193
6,728
2,414
2,087
2,227
6,575
2,242
2,077
2,256
6,563
2,114
2,100
2,349
Seasonally adjusted:
Extended, total
__
Automobile paper
Other consumer goods paper
All other
-
_ _ _do_
do
do
- - _ do __
6,433
2,297
1,928
2,208
6,501
2,240
2,031
2,230
6,497
2,177
2,099
2,221
6,510
2,199
2,049
2,262
6,606
2,217
2,095
2,294
6,554
2, 238
2,032
2,284
6,823
2,338
2,081
2,404
6,776
2,266
2,147
2,363
6,929
2,285
2,212
2,432
6,973
2,322
2,234
2,417
6,942
2,321
2,165
2,456
7,032
2,305
2,242
2,485
7,035
2,306
2,321
2,408
Repaid total
Automobile paper
_
Other consumer goods paper
All other
do
. do_ _
do
do_ __
6,112
2,225
1,796
2,091
6,221
2,202
1,882
2,137
6,281
2,217
1,915
2,149
6,246
2,193
1,899
2,154
6,393
2,235
1,968
2,190
6,361
2,219
1,948
2,194
6,531
2,281
1,995
2, 255
6,551
2,228
2,074
2,249
6,585
2,240
2,079
2,266
6,689
2,280
2,106
2,303
6,631
2,301
2,093
2,237
6,614
2,240
2,105
2,269
6, 652
2,250
2,167
2,235
12, 845
12, 545
299
11, 251
11, 641
-390
12, 308
11, 852
456
14, 490
13, 167
1,323
15, 176
8,739 11,032
14, 201 14, 815 15, 202
975 -6,076 -4, 170
12, 734
13,434
-699
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public: cf
Receipts from
Payments to
Excess of receipts, or payments (— )
Seasonally adjusted, quarterly totals: §
Receipts from
Payments to
mil $
123, 376
-do
127,920
do_... -4, 544
145, 136
150, 868
-5,731
bil. $
do
Receipts and expenditures (national income and
product accounts basis), qtrly. totals, seas,
adj. at annual rates:
Receipts
bil $
Expenditures
do
Surplus, or deficit (— )
do
17, 070 11, 295
11, 189 14, 445
5,881 -3, 150
21,501 8,938 11, 766
12, 762 14, 538 16, 325
8,739 -5,600 -4, 559
38 4
38 6
o
39.2
38.8
4
38.5
38.1
.4
38.5
43.4
-4.9
38.8
43.3
-4.5
149 1
160.9
-11.9
148.1
162.8
152.7
165.9
'•167.9
124.8
123.4
1.4
143.2
142.9
.3
148.6
151.9
-3.3
mil $
do
do
124,354
96, 679
1,646
146, 863
110, 802
1,930
12,815
10, 606
161
11, 324
9,386
160
12, 046
7,757
134
16, 527
11, 395
170
19, 225
13, 534
150
12,072
6,289
166
22,072
18,304
176
9,018
6,371
160
10, 768
7,301
178
15,090
12, 404
163
8,979
6,823
179
10,225
7,529
193
12,711
10, 616
160
do
do
do
do
56, 102
27, 035
17, 268
22, 303
66,151
31, 986
24, 059
22, 736
4,217
4, 636
1,655
2,146
6,749
823
1,673
1,918
6,212
635
3,352
1,713
5,016
6,728
2,353
2,261
9,807
4,295
3,157
1,817
5,687
1,065
3,033
2,120
7,275
9,328
2,566
2,728
4,107
946
1,970
1,835
5,375
642
2,646
1,927
7,100
4,032
2,106
1,689
4,468
913
1,390
2,029
5,463
588
2,107
1,872
4,828
4,224
1,565
1,935
do
do
do
do
do
101, 378
11,615
5,151
52, 773
32, 582
118, 078
12, 752
5,838
64, 271
35,872
9,512
1,160
610
5,911
1,861
9,987
1,173
467
6,201
2,238
9,459
1,108
562
5,758
2,048
11, 699
1,154
548
6,893
3,112
9,464
1,127
480
6,303
1,567
10,915
1,103
565
6,125
3,130
10,131
1,127
428
6,113
2,505
11, 502
1,142
543
6,425
3,440
12, 730
1,128
550
6,792
4,364
12,468
1,145
543
6,586
4,257
11, 530 11, 730 10,084
1,234
1,154
1,174
417
599
586
6,628 ' 6, 411 ••6,017
'
2,
436
3,391 ' 3, 570
Public debt and guaranteed obligations:
Gross debt (direct), end of yr. or mo., total-bil. $_. i 320. 90 i 329. 32 329. 32
Interest bearing, total. __ _ _ _ .
do__
i 316. 52 i 325. 02 325. 02
Public issues.
.. _ _ . _ . _ _ _ d o _
i 1270. 26 i 273. 03 273. 03
Held by U.S. Govt. investment accts.do
15. 51 1 16. 69 16.69
Special issues
_
do_ _
51.99
i 46. 26 i 51. 99
328. 87
324. 94
273. 69
16.90
51.25
329. 62
325. 69
274. 20
18.04
51. 49
330.95
327. 01
274. 95
18.51
52.06
327. 80
323. 88
272. 23
18.65
51.65
330. 89
326. 99
271. 82
19.33
55.17
326. 22
322. 29
266. 13
19. 55
56.16
330.64
327.13
270. 92
19.16
56.21
335. 85
332. 41
274. 10
18.83
58.31
335. 90
332. 45
274. 71
18.61
57. 74
340.50
337. 04
279. 87
18.68
57.17
345. 09
341. 57
284. 20
18.80
57.37
344.66
341. 19
283.96
18.70
57.23
346. 26
342.81
286. 88
14.39
i 4, 30
4.30
3.93
3.93
3.94
3.93
3.89
3.94
3. 50
3.44
3.45
3.46
3.52
3.47
3.45
i .46
1.49
.49
.50
.51
.51
.51
.51
.51
.52
.52
.52
.52
.54
.55
.55
i 50. 46
4.49
5.44
i 50. 92
4.86
6.00
50.92
.37
.45
50.93
.49
.63
51.01
.43
.47
51.09
.46
.52
51.16
.39
.45
51.24
.44
.48
51.30
.41
.50
51.41
.41
.47
51.46
.39
.48
51.50
.35
.46
51.59
.40
.44
51.67
.37
.43
51.71
.35
.47
51.70
.46
.63
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies J
bil. $- i 158. 88 1 167. 02
Bonds (book value), total
do
i 70. 15 i 71. 90
Stocks (book value), total. _
_
_ do . _ 1 19.13
18.76
IVTortgage loans total
do
60. 01 i 64. 61
Nonfarm _
__ _
_ .do . i 55. 19 i 59. 37
166. 94
71.78
7.44
64.80
59.56
168. 21
72.34
7.50
65.19
59.96
168.93
72.59
7.58
65.50
60.26
169. 86
72.81
7.81
65.80
60.52
170.57
72.98
7.91
66.02
60.72
171.24
73.26
8.00
66.25
60.92
171. 88
73.48
8.12
66.41
61.04
173. 13
74.37
8.34
66.32
60.92
173. 84
74.76
8.46
66.51
61. 07
174. 66
74.96
8.62
66.70
61.24
175. 39
75.37
8.72
66.88
61.40
176.18
75.63
8.84
67.10
61.60
14.88
19.12
-11.53
16.23
4.88
9.14
1.49
7.43
4.88
9.25
1.40
7.64
4.89
9.34
1.33
7.70
4.92
9.44
1.26
7.82
4.94
9.54
1.18
8.00
4.95
9.62
1.35
7.80
4.99
9.70
1.30
7.89
5.03
9.74
1.46
7.87
5.05
9.81
1.34
7.92
5.08
9.88
1.34
8.09
5.10
9.93
1.43
7.95
5.16
10.00
1.45
8.01
Budget receipts and expenditures:
Receipts total
Receipts net^I
Customs
Individual income taxes
Corporation income taxes
Employment taxes
O ther internal revenue and receipts
Expenditures totalf
•
Interest on public debt
Veterans' benefits and services
National defense
All other expenditures
Noninterest bearing and matured
do__ _
Guaranteed obligations not owned by U.S. Treasury, end of year or month
bil. $
U.S. savings bonds:
Amount outstanding, end of yr. or mo
Sales, series E and H _ _
._ _. _ _
Redemptions
do
do
-do
55.93
LIFE INSURANCE
Realestate___ _ . _ _.
_ _ .do ..
Policy loans and premium notes
do
Cash
_ _ _ _ _ _ _ _
do
Other assets..
_ __
do .
14.68
i 7.68
i 1.50
15.73
Payments to policyholders and beneficiaries in
U.S., total
mil. $ 11, 416. 6 12, 342. 2 1, 309. 8 1, 048. 2
456.0
494.2
Death benefits,
_do _
4, 831. 4 5, 218. 2
93.2
981.6
82.8
Matured endowments. _ _ __ _
do
931.1
14.8
16.1
Disability payments
__do___
169. 3
163.0
Annuity payments
Surrender values
Policy dividends
_ _
r
1
"
_
do
1, 038. 9 1, 152. 6
do_ . 1J932.3 2, 120. 6
do
2,' 519. 9 2, 699. 9
95.6
193.3
427.8
116.5
177.7
190.0
968.1 1, 236. 8 1, 034. 1 1, 103. 2 1, 137. 5
454.5
416.6
542. 3
492.1 477.4
87.9
82.7
85.6
80.0
95.9
17.5
13.4
13.7
16.5
15.1
98.8
167.1
192.2
Revised.
? Preliminary.
End of year; assets of life insurance companies are annual statement values.
cfOther than borrowing.
§Revisions for 1958-66 appear in the Treasury Bulletin (Dec.
108.1
206.0
268.0
99.3
189.6
194.3
101.1
195.7
213.6
102.2
199.2
253.3
969.0 1, 166. 8 1, 118. 8 1,078.1 1,059.6
465.4
447.3
453.9
429.6
509.7
96.0
87.1
78.8
71.6
77.5
14.3
13.0
16.6
13.5
13.3
102.5
169.2
182.6
102.8
198.0
265.5
121.0
180.6
267.9
109.8
184.2
218.6
107.4
184.0
210.6
fData for net receipts and total expenditures reflect exclusion of certain interfund
transactions.
J Revisions for Apr.-Nov. 1966 will be shown later.
SUKVEY OF CUKKENT BUSINESS
February 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966
Annual
1967
1966
Dec.
S-19
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :
Value estimated total
. mil. $
Ordinary
_ _ _ _ _
_ _
__do__
Group and mass-marketed ordinary __ _do
Industrial.
- do
Premiums collected:!
Total life insurance premiums
_ _ _ do
Ordinary
_ _ _
_
-do
Group and mass-marketed ordinary
do
Industrial
do
1 142,166
82, 521
1
52,349
7,296
122, 479
88, 399
27, 270
6,810
14,614
8,230
5,850
534
8,661
6,640
1,481
540
9,707
7,019
2,140
548
12,310
8,606
3,084
620
10, 820
7,836
2,407
577
11, 974
8,478
2,876
620
11, 547
8,333
2,649
565
9,930
7,411
1,960
559
10,825
8,042
2,241
542
10, 351
7,484
2,325
542
11,815
8,659
2,572
584
11,446
15, 176
11,357
2,436
1, 383
16, 090
12, 063
2,660
1,367
1,667
1,145
281
241
1,346
1,038
201
107
1,283
964
226
93
1,460
1, 115
244
101
1,331
1,014
218
99
1,476
1,104
267
105
1,361
1,041
225
95
1,399
1,054
241
104
1,405
1,050
257
98
1,315
990
231
93
1,444
1,107
232
105
1,372
1,040
235
96
13, 107
12
285
1,494
13, 109
-3
162
2,326
13, 109
3
63
2,239
13, 110
-5
490
2,530
13, 108
1
77
2,041
13,008
-17
104
3,331
89.5
9.1
89.1
8.9
91.2
8.9
89.1
9.1
88.9
8.4
90.5
8.3
89.9
8.0
84.1
8.6
90.0
8.2
10, 693
6,136
1.293
11, 072
8,451
1.293
15, 149
8,159
1.296
19,786
10, 120
1.301
2,912
4,021
1.593
1,722
8,520
1.750
4,094
5,839
1.680
2,480
3,296
1.786
6,859
6,759
1.953
6,236
4,984
2.066
3,353
3,469
3,598
43.6
3,224
3,114
4,151
43.7
4,020
2,304
3,280
44.4
3,403
6,078
4,194
44.7
2,729
2,129
2,461
44.9
2,691
3,020
892
45.1
2,928
3,390
1,366
45.0
1,235
45.4
644
46.5
47.2
171.9
38.5
133.4
166.7
4.9
173. 6
38. 7
134.9
168.8
4.8
171.1
38.9
132.2
170.8
6.5
174. 3
39.3
135.1
173.0
3.9
175.8
39.6
136.2
175.1
5.6
175.9
39.6
136.2
177.7
4.3
178.4
39.8
138. 6
178.9
5.0
180.6
40.0
140.6
180.3
6.2
r
182. 5
40.4
142.1
181.1
5.2
187.2
41.2
146.0
181.8
5.0
188.0
40.5
147. 6
183.5
4.9
173.1
38.9
134.2
166.1
172.7
39.1
133.6
168.1
174.5
39.2
135.3
170.0
176.2
39.3
136. 8
172.4
177.9
39.5
138.4
174.6
179.1
39.6
139.6
177.2
179.2
39.8
139.5
178.9
180.3
39.9
140.3
180.8
r
181. 2
40.0
141. 2
182.5
181.5
40.4
141.1
183.8
182.7
40.5
142.1
183.7
54.8
117.2
39.1
51.2
33.9
57.7
123.0
40.8
54.2
35.1
54.8
115.2
39.2
52.0
33.9
56.5
120. 0
40.1
53.4
34.4
56.8
119.8
40.7
55.5
34.5
59.0
128.5
41.1
56.6
34.6
57.4
120.6
40.8
55.4
35.1
58.3
125.5
40.8
54.6
35.1
58.4
130.2
41.2
55.7
34.8
58.5
122.1
41.1
54.6
35.3
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period) ._ .mil. $_. 13, 733 13, 159 13, 159 13, 157 13, 107
Net release from earmark!
do
-50
-15
-198
-34
-23
Exports
thous $ 1,285,097 457,333
170
56
58
Imports
_
do
42,004
1,612
101, 669
3,348
2,054
Production, world total
mil. $__ 3 1,440.0 3 1, 445. 0
South Africa.
_ do
87.8
1,069.4 1.080.8
89.5
87.7
Canada
do
8.7
114. 6
125.6
8.9
9.6
United States
_ . _
do
58.6
63.1
Silver:
Exports
thous. $
9,018
54,061 114, 325
4,915 14, 755
Imports
_
_do
7,494
6,399
64, 769
78,378
5,785
Price at New York
dol. per fine oz
1.293
1.293
1.293
1.293
1.293
Production:
Canada
_ ..
thous. fine oz
31, 917
2,968
2,966
2,504
32,820
Mexico
do. _
2,913
40, 333
3,245
41, 984
2,832
United States
do
3,956
3,927
44, 423
45, 047
4,513
Currency in circulation (end of period)
bil. $
43.4
42.1
44.7
44.7
43.6
Money supply and related data (avg. of dailyfig.):
Unadjusted for seasonal variation:
Total money supply
bil $
162.6
169.8
175.3
170.6
175.8
Currency outside banks. _
_ _ _ __do_
35.3
39.1
38.3
37.5
38.5
Demand deposits
do
127.3
132.3
136.7
136.8
132.3
Time deposits adjusted^. _
„
do.
137.6
* 154. 0
156.9
160.7
164.0
U.S. Government demand deposits
do
4.1
6.3
4.9
3.4
5.0
Adjusted for seasonal variation:
Total money supply
_do
171.5
170.4
170.3
Currency outside banks
_ __do.
38.7
38.5
38.3
Demand deposits _
do
132.1
132.8
131.8
Time deposits adjustedf..
do
160.8
163.5
158. 6
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
Total (233 SMSA's) O__ ratio of debits to deposits. _
56.9
57.2
48.3
55.6
52.8
New York SMS A
do
119.4
124.7
109.4
99.6
121.8
Total 232 SMSA's (except 1N.Y.)
do
39.4
39.4
38.3
35.3
40.0
6 other leading SMSA'sd
do
50.9
52.6
44.9
50.1
53.2
226 other SMSA's
do
34.2
34.2
31.3
33.3
34.8
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes, all industries
mil. $__ 27, 521
Food and kindred products. _
do
1,896
Textile mill products
do
694
Lumber and wood products (except furniture)
mil. $_.
338
Paper and allied products
do
5753
Chemicals and allied products
do
3,188
Petroleum refining
do
4,442
Stone, clay, and glass products
do
761
Primary nonferrous metal
do
970
Primary iron and steel
do_
1,401
Fabricated metal products (except ordnance,
machinery, and transport equip )
mil $
1,151
Machinery (except electrical)
do
2,499
Elec. machinery, equip., and supplies
do
1,926
Transportation equipment (except motor
vehicles, etc.)
mil $
721
Motor vehicles and equipment
do
3,496
All other manufacturing industries
do
5 3, 285
Dividends paid (cash) , all industries
do
11, 979
Electric utilities, profits after taxes (Federal Reserve)
mil $
2,586
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
By type of security:
Bonds and notes, total
Corporate
Common stock
Preferred stock
By type of issuer:
Corporate total 9
Manufacturing
Extractive (mining)
Public utility .
Railroad
Communication.
Fin a,Ti r>lfl,l an ri r on.! p.st.at.A
mil $
do____
do
do
do
do
do
do
do
do
do
r\n
12,908 11,982 11,984
-32
-221
969 1,002,523
1,126
2,510
T
6,748
451
105
7,596
506
124
6,718
584
140
5 51
191
786
1,341
67
325
296
82
205
849
1,344
194
311
296
102
190
767
1, 335
216
192
227
318
748
617
321
674
527
368
840
564
305
687
540
821
3,053
s 4, 058
12, 958
197
870
1,107
3,745
162
620
831
3 185
199
831
883
3,266
199
193
1,041
3,079
2,764
673
799
666
717
40, 108
45, 015
3,277
5,091
7,523
5,253
4,229
4,002
5,373
4,376
10, 625
4,218
••4,609
' 8, 732
4,483
37,836
13, 720
1,547
725
42, 501
15,561
1,939
574
3,151
1,535
106
20
5,000
1,593
40
51
7,367
1, 262
139
17
5,110
2, 219
119
24
3,991
1,778
94
144
3,844
1,361
111
47
5,043
2,343
313
17
4,162
2,376
130
84
10,376
2,231
144
105
4,004
1,549
173
41
' 4, 141 '8,428
' 1, 940 ' 1, 196
'222
'238
81
231
4, 206
2,107
235
42
15.992
5,417
342
2,936
284
947
18, 074
7,070
375
3,665
339
2,003
1,661
682
17
414
15
154
1,684
649
27
222
51
296
1,418
570
15
279
20
106
2,362
1,283
35
510
42
147
2, 015
1, 153
29
401
12
109
1,518
598
30
426
27
92
9fV7
948
143
109
2,590
963
27
476
35
40
417
2,481
1, 263
16
536
24
359
199,
1,763
654
16
269
20
202
187
r 2, 409
'930
'65
647
7
'121
49
2,674
1,334
40
477
33
354
14Q
' 1, 500
'527
25
410
0
'83
'176
2,385
1, 135
126
282
16
70
277
A. 97fi
30,937
5 2, 102
702
7,933
528
166
345
911
3, 474
5,055
799
1,298
1,487
54
240
823
1,373
173
350
370
1,395
3,058
2,379
1 Q41
5
'Revised.
.1 Includes $27.8 bil. coverage on U.S. Armed Forces.
2 Includes $8.3 bil.
coverage on Federal employees.
* Estimated; excludes U.S.S.R., other Eastern European
countries, China Mainland, and North Korea.
* Beginning June 1966, data exclude balances accumulated for payment of personal loans (amounting to $1,140 million for week ending June 15).
s Beginning with the period noted, data reflect reclassification of companies
between industries and are not strictly comparable with those for earlier periods.
13,006 12,905
o
1
73
226
8,219
1,771
224,591
8, 658
8,823
2,238 215,219
550
549
Q9
r399
1,990
% Revisions for Jan.-Nov. 1966 will be shown later.
§ Or increase in earmarked gold (-).
^ Time deposits at all commercial banks other than those due to domestic commercial banks
and the U.S. Govt.
0 Total SMSA's include some cities and counties not designated as
SMSA's.
d* Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland,
and Los Angeles-Long Beach.
9 Includes data not shown separately.
SURVEY OF CUEKENT BUSINESS
S-20
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966
Annual
1966
February 1968
1967
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission— Continued
Estimated gross proceeds— Continued
By type of issuer— Continued
Noncorporate, total 9 mil. $
U S Government
--do
State and municipal
_ do _
New corporate security issues:
Estimated net proceeds total
Proposed uses of proceeds:
New money, total
Plant and equipment
Working capital
Retirement of securities
Other purposes
do
2,099
371
1, 093
2, 367 ' 1, 470
2,344
1,581 f 2, 120 r 1, 305
1,080 ' 1, 459
'914
662
501
'391
3
10
79
142
'163
168
2,113
1,379
734
8
223
26 941
8 231
11, 089
1 616
373
923
3 407
494
1 450
6 105
4 154
1 159
2 891
459
1 437
2 213
393
1 129
2 483
438
1 209
2 700
410
1,461
1,786
415
925
8,145
6,458
840
2,455
362
1,273
15 801
17 841
1 643
1 669
1 400
2 334
1 985
1 493
2 631
2,546
2,440
1,733
r
1 418
1 082
336
19
56
2 363
1,832
531
20
248
2,181
1,539
642
89
275
2,184
1,717
467
34
222
1 129 1,209
951
1 197
1,461
531
925
286
840
752
1,273
603
991
764
701
5 896
2 078
673
5 966
2 220
686
6,195
2,231
698
6,636
2,341
732
6 677
2,281
720
6,943
2,401
776
7 212
2,513
791
7,349
2,500
791
7, 948
2,763
85 6
105. 8
85 4
104.9
83.4
101.1
81.7
100.2
81.1
99.3
80.3
99.6
80.0
98.0
78.5
95.8
76.8
95.2
75.9
93.6
77.2
95.5
80 73
80 96
80 24
77.48
76.37
76.39
75.38
75.04
73.01
70.53
71.22
73.09
446 77
417 53
409 22
350 65
478 39
394 94
381 00
333 15
534 32
451 62
539. 46
464 38
541. 91
455 80
529. 22
471 09
494. 25
439. 68
634. 15
559. 18
567. 12
536. 43
531. 62
519. 14
348 01
335 45
428 29
400 29
385 34
330 33
451 87
374 71
349 76
309 72
484 92
413 73
463 58
406. 43
468 83
402 31
466 98
422 84
438. 28
385. 75
553. 63
494. 43
496. 10
475. 48
440. 43
446. 45
285. 40
328 21
258 78
281. 42
279 94
329. 41
326. 62
358 94
326. 09
319. 92
403. 06
382. 38
360. 78
333. 25
do
do
do
do
do
13 063
7 712
5 352
996
1 741
15 806
12 430
3 376
241
1 795
1 363
1 128
235
3
273
1 522
1 135
388
21
125
1 375
918
457
1
24
do_
-do
11 084
6,537
11 089
6,524
923
458
1 450
454
1 159 1,437
634
756
i 534
i 5 543
1
1 666
1
5
1
i 609
609
387 5 387
1 637 1 637
673
5 375
1 914
685
5 445
1 936
713
5 803
2 135
93.9
110.6
86.1
102.6
83.0
102.4
85 9
106.0
86 4
106.4
83.76
78.63
78.73
81 54
3 794 22 4,261.12
3 288 68 3 740 48
366 38
356 22
3 643 11 4 100 86
3 150 16 3 589 62
New York Stock Exchange, exclusive of some
stopped sales, face value, total- _
mil. $ 2. 975. 21 3, 092. 79
State and municipal issues (Bond Buyer) :
Long-term
Short-term
_ -
2,200 r 7, 232
422 ' 5, 054
1,320
991
24 116
9 348
11. 148
2 178
1 755
423
17
139
1 891
1 352
539
12
82
1,320 " 1, 093
'330
767
1,118
507
SECURITY MARKETS
Brokers* Balances
(N.Y.S.E. Members Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances (net)
mil $
do
do
Bonds
Prices:
Standard & Poor's Corporation:
Industrial, utility,
and railroad (A A A issues):
Compositec?1
dol. per $100 bond-Domestic municipal (15 bonds)
_-_._do
U.S. Treasury bonds, taxable^
do
Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
mil. $
Face value
do
New York Stock Exchange:
Market value
do
Face value
do
Yields:
Domestic corporate (Moody's)
-.percent
By rating:
Aaa
- _do_ __
Aa
do
A. _
.
do
Baa
do___
By group:
Industrials
_
do_ __
Public utilities.
do
Railroads
_ __
__ do
Domestic municipal:
Bond Buyer (20 bonds)
do __
Standard & Poor's Corp. (15 bonds)
_ do
U.S. Treasury bonds, taxable G
do
4.64
5.34
5.69
5 50
5 35
5.43
5 42
5.56
5.75
5 86
5.91
6.00
6.14
6.36
26.51
6.45
4.49
4.57
4.63
4.87
5.13
5.23
5.35
5.67
5.39
5.48
5.69
6.18
5.20
5 30
5 53
5.97
5 03
5 18
5 38
5.82
5.13
5.23
5.49
5.85
5
5
5
5
11
26
45
83
5.24
5 42
5.60
5.96
5.44
5.63
5.77
6.15
5
5
5
6
58
72
88
26
5.62
5 76
5.94
6.33
5.65
5.87
6.06
6.40
5.82
6 01
6.19
6.52
6.07
6.23
6.43
6.72
26.19
6.35
6.58
6.93
6.17
6.29
6.48
6.84
4.61
4.60
4.72
5.30
5 36
5.37
5.63
5.65
5.78
5.45
5 42
5.63
5 33
5 25
5.48
5.39
5.37
5.51
5 37
5 37
5.51
5.46
5.59
5.62
5.64
5.80
5.80
5 79
5 91
5 88
5.84
5 96
5.94
5.93
6.02
6.03
6.05
6. 12
6.24
6.39
6.28
6.57
6.39
6.42 2 6. 63
6.34
6.47
6.65
3.28
3.27
3.83
3.82
3.77
3.83
3.40
3 58
3.60
3 56
3.54
3.60
3.69
3 66
3.96
3 92
4.06
3.99
3 91
4 05
4.06
4.03
4.19
4.15
4.27
4.31
4.42
4.36
4.44
4.49
4.16
4.34
4.21
4.66
4.65
4.40
4 47
4.45
4 51
4.76
4.86
4 86
4.95
4.99
5.18
5.44
5.36
5.18
7.65
8.48
3.86
4.09
4.90
6.33
8.25
9.17
4 11
4.45
5.06
6.85
8.23
9.08
4 18
4.61
5.14
7.53
8.29
9.15
4 18
4 63
5.22
7.53
8.30
9.16
4 20
4.63
5.28
7.81
8.32
9.17
4.27
4.63
5.28
7.81
8.33
9 is
4 27
4 63
5 28
7.81
8.19
8.95
4.32
4.63
5.28
7.81
8.20
8.95
4.38
4.63
5.29
7.81
8.21
8 96
4 39
4 gs
5 29
7.81
8.21
8.96
4 39
4 65
5.30
7.81
8.22
8.96
4.39
4.65
5.48
7.81
8.23
9.00
4.40
4.58
5.48
7.81
8.28
8.92
4.41
4.55
5.48
8.09
8.30
8.95
4.44
4.55
5.57
7.95
8.41
9.12
4.44
4.55
5.57
7.95
250. 31
284. 32
117. 08
95.06
230.88
266. 77
102. 90
92.65
217. 56
246. 38
105. 99
82 91
233. 54
266 77
108. 12
93 13
233. 23
267. 35
105. 18
92. 56
242.02 251. 52
278. 90 293 28
106.81 108 90
93.52 93 60
238.37
277. 83
102.58
94.89
242. 22
282.15
100.73
97.92
252. 69
298 94
103 04
105 56
249. 02
295 09
99.63
104 99
257.40
307. 35
99. 76
101. 22
251. 90
302. 88
93.63
91.88
250. 32
300. 84
95.92
90.80
256.30
309. 19
98.19
90.86
247. 26
294. 18
97.75
88. 59
3.06
2.98
3.30
4.30
3.33
2.74
3.57
3.44
3.99
4.80
4.04
2.92
3.78
3 69
3.94
5 56
3.80
2.92
3.55
3 43
3.87
4 97
3 79
2.93
3.56
3.43
3.99
5.00
3.94
3.17
3.44
3.22
4.21
4.88
3.96
3.51
3.39
3.17
4.35
4.73
3.98
3.43
3.25
3 00
4 26
4 41
3 68
3.53
3.30
3.04
4.41
4 43
3.69
3.54
3.19
2.92
4.40
4.59
3.77
3.57
3. 27
2.97
4.70
4.98
3.89
3.85
3.31
2.97
4.60
5.01
4.06
4.02
3.24
2.89
4.52
5.01
4.06
3.78
3.40
3.10
4.54
5.14
3.93
3.63
Stocks
Dividend rates, prices, yields, and earnings, common stocks (Moody's):
Dividends per share, annual rate, composite
dollars..
Industrials
__
-.do
Public utilities
do
Railroads
__
do
N.Y. banks
do___
Fire insurance companies
do
Price per share, end of mo., composite
Industrials
Public utilities
Railroads.
Yields, composite
Industrials _
Public utilities
Railroads
N . Y. banks _
Fire insurance companies
do
do
do_
do
percent..
do
do
do
do
do
Earnings per share (indust., qtrly. at ami. rate;
pub. util. and RR., for 12 mo. ending each qtr.) :
Ifi 42
Industrials
dollars
16 78
18 08
Public utilities
do
5 92
6 30
6 30
Railroads
do. _
9.34
9.34
8.16
«• Revised.
i End of year.
2 Beginning Dec. 18,1967 Aaa railroad bonds not included.
9 Includes data not shown separately,
cf Number of bonds represented fluctuates; the change in the number does not affect the
3.44
3.29
4.00
4.95
3.84
3.28
3.31
3 13
3 92
4 95
3 83
3.31
13 50
16 07
14 70
6.53
6.42
6 37
8.85
8.30
continuity of the series.
1 Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
OFor bonds due or callable in 10 years or more.
February 1968
S-21
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966
Annual
1966
1968
1967
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
5.79
5.95
5.70
309.78
887.20
125. 19
233. 20
312. 05
884. 77
132. 48
233.76
Jan.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)
---...percent-Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
L_
Railroad (20 stocks)
Standard & Poor's Corporation: c?
Industrial, public utility , and railroad:
C ombined index (500 stocks)
1941-43 =10Industrial, total (425 stocks) 9
Capital goods (122 stocks)
Consumers' goods (181 stocks) _ _ _
Public utility (55 stocks)
Railroad (20 stocks)
_
Banks:
New York City (10 stocks)
Outside New York City (16 stocks)
4.33
4.97
5.24
318. 50
910. 88
157. 88
216. 41
308. 70
873. 60
136. 56
227. 35
285. 52
800. 86
135. 68
205. 78
88.17
85.26
81. 33
4.98
5.04
5.03
5.17
5.30
5.34
5.35
5.41
28
56
64
11
305. 65
851. 12
138. 03
228. 69
307. 70
858. 11
135. 96
231. 98
309. 45
868. 66
139. 29
228. 77
315. 57
883. 74
137. 15
238. 27
318. 12
872. 66
131. 92
253. 90
327.23
888. 51
132. 72
267. 65
329. 62
912. 46
132. 43
262. 85
330. 87
923. 45
131. 33
261. 79
84. 45
87.36
89.42
90.96
92.59
91.43
93. 01
94.49
95.81
95.66
92.66
95.30
95. 04
103. 84
104. 17
84. 62
67.45
49.27
104. 16
106. 64
83. 60
64.93
46.28
100.90
103. 58
80.47
63.48
42.95
103. 91
106. 41
81.92
64.61
43.46
103. 11
102. 87
81.06
68.02
43.38
5.07
298.
830
138.
220
5.59
321.
907.
126.
250.
30
54
08
55
303. 88
865. 43
123.05
230. 74
do__._
do
_ do. . _
do—do
93.48
85.26
81.94
76.08
46.78
91.08
84.86
74.10
68.21
46.34
86.50
79.83
67.76
68.86
41.44
89.88
82.70
69.97
70.63
44.48
93. 35
86.72
73.78
70.45
46.13
95.86
90.08
75.10
70.03
46.78
97.54
92.37
77.53
71.70
45.80
99.59
95.10
79.13
70.70
47.00
98.61
96.34
78.94
67.39
48.19
100. 38
98.35
81.27
67.77
49.91
102. 11
101. 01
83.88
68.03
50.43
do____
do.
38.92
71.35
33.32
63.80
35.93
67.03
37.08
69.90
35.62
67.09
35.32
66.00
36.01
66.56
35.43
65.81
35.35
63.97
36.76
65.95
37.89
67.34
38.39
67.99
37.83
67.43
35.65
64.60
35.52
64.83
37.18
67.64
64.17
64.55
70.50
70. 03
68.99
65.86
64.86
62.60
61.34
62.56
58.95
60.84
58.66
55. 84
56.99
59.42
47.39
46.15
46.18
50.26
45. 41
44.45
44.16
43 79
48.23
44.77
44.43
46.02
45 61
51.38
46.43
47.53
47.80
47.72
52.56
47.03
48.71
49.02
49.02
55.19
47. 88
48.17
49. 92
50 19
54.60
48.07
48.37
51.00
51 78
55.76
47.20
48 17
50.54
51.55
54.97
45.95
47.51
51.67
53 13
57.30
44.87
49.85
52.46
54 20
56.80
44.69
51 24
53. 23
55 28
54.89
44. 57
52 98
53. 13
55 62
51.56
43.33
52.69
51.40
53 79
48.43
42.39
50.19
53.06
55.80
48. 73
42.75
52.37
53.24
55.45
47.90
44.87
55.89
89, 225
2,587
123, 034
3,188
9,538
266
11, 653
320
11, 181
316
14, 515
418
11, 777
323
14, 411
397
13, 891
374
13, 319
393
14, 023
392
13, 092
369
14, 499
409
14, 478
381
14, 919
412
73, 200
1,809
98 565
2,205
7 662
189
9 320
224
8 792
216
11 465
268
9 232
206
11 335
257
10 801
243
10 114
'241
10 920
251
9 964
228
11 006
249
11, 193
242
11, 186
262
1,556
1,899
166
208
183
225
188
219
213
217
'208
205
225
212
230
263
537. 48
10, 058
482. 54
10, 939
482. 54
10, 939
522. 75
10, 989
527. 04
11,046
549. 49
11, 073
572. 64
11,114
546. 65
11, 199
559. 50
11, 277
586. 41
11, 326
581. 99
11,374
600. 94
11, 433
583. 13
11, 484
586. 17
11, 568
605.82
11, 622
582. 94
11, 696
Fire and casualty insurance (20 stocks)__.do
New York Stock Exchange common stock indexes:
Composite
12/31/65=50—
Industrial
do
Transportation
. _ _
do
Utility
, do
Finance.. - _ _ _
do
Sales:
Total on all registered exchanges (SEC) :
Market value
_
mil. $
Shares sold
millions
On New York Stock Exchange:
Market value
mil $
Shares sold (cleared or settled)
millions
New York Stock Exchange:
Exclusive of odd-lot and stopped stock sales
(sales effected)
millions
Shares listed, N.Y. Stock Exchange, end of period:
Market value, all listed shares _ _ _ _ _
bil. $
Number of shares listed
millions
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value
Exports (mdse.), incl. reexports, total
Excl. Dept. of Defense shipments
mil. $.. 27,478.2 30,319.6
do
26,699.5 29,379.2
Seasonally adjusted
do
do
do
do
1,228.9 1,348.5
6,012.1 6,733.3
956.2
805.3
9,363.9 10,003.1
122.1
639.4
75.8
842.2
119.3
611.5
75.4
812.6
87.5
601.6
78.4
820.0
113.9
652.7
82.8
936.5
115.3
608.6
76.7
892.8
118.9
582.2
78.4
877.8
114.0
602.9
72.5
854. 4
86.0
561.7
77.9
792.0
89.8
584.1
73.3
811.5
90.3
594.1
74.5
811.6
70.3
570.4
82.9
789.8
88.6
617.4
79.5
961.3
88.4
642.6
164.1
943.1
do
do
do
5, 643. 3
2,099.0
2,174.9
6, 661. 2
2, 268. 3
2,499.9
583.7
205.6
247.5
539.1
191.9
199.8
537.7
177.6
186.9
638.6
205.1
207.9
625.9
193.8
203.7
684.6
200.8
188. 2
641.5
203.5
191.8
531.2
190.1
192.1
533.0
191.7
204.3
590.9
198.3
190.0
600.3
201.9
169.6
634. 3
208.5
207.4
618.1
197. 7
218.1
do
do. _. .
157. 7
438. 1
189.1
401.0
12.3
34.9
7.2
50.5
7.8
34.4
7.5
43.2
11.3
40.7
10.8
32.0
4.9
36.0
1.8
35.4
3.4
38.2
5.9
29.2
1.5
25.7
1.1
32.1
2.1
29.0
do
do
do
do
799.3
928.0
335.9
91.1
654.2
929.3
238.7
45.6
50.3
78.3
27.1
3.9
66.2
100.4
32.8
3.5
70.1
84.4
30.7
5.0
68.0
82.8
44.7
4.2
68.2
80.7
25.2
3.5
65.5
84.5
14.3
3.1
64.1
83.7
25.0
3.2
66.5
69.4
23.3
4.0
63.6
94.5
14.4
3.2
66.9
65.7
47.6
3.3
73.9
74.7
29.7
4.4
63.4
75.9
24.6
5.2
157.9
58.5
34.6
6.7
do
do
do
41.6
348.5
2, 080. 2
67.6
347.8
2,363.6
10.8
38.6
234.0
6.7
33.8
207.1
4.4
31.0
218.2
10.3
35.9
228.1
5.3
36.8
225.9
4.6
35.7
221.5
2.3
40.3
210.6
3.7
41.9
220.1
3.2
32.6
217.2
3.4
34.1
229. 5
5.8
37.6
216.7
11.1
34.7
258.5
7.4
33.8
244.1
. d o
do
do
970.7
12.4
1,649.6
1,007.0
25.2
1, 673. 6
87.2
1.6
124.1
86.4
2.0
130.6
87.6
1.6
128.5
108.6
4.7
179.0
92.5
5.9
163.1
95.5
3.5
151.3
101.2
2.1
121. 1
73.5
1.5
130. 1
67.9
.6
152.2
71.6
.6
121.4
78.3
.3
129.4
78.6
2.5
161.8
86.0
1.1
136.3
891.1
45.2
1,615.1
908.8
41. 7
1, 737. 1
76.7
2.2
165.1
76.7
4.4
145.4
78.8
8.7
146.9
88.7
7.1
165.1
77.7
3.4
173.6
82.4
5.2
163.5
81.1
6.0
162.2
76.7
2.7
141.0
69.1
2.3
167.0
73.2
5.8
192.7
72.2
6.1
147.7
103.0
3.8
165.5
93.4
4.5
193.6
531.1
638.5 625.8 684.5
641.4
9 Includes dat a not she wn sepa rately.
532.9
590.8
600.2
634.3
618.1
Northern North America
Southern North America
South America
__
By leading countries:
Africa:
United Arab Republic (Egypt)
Republic of South Africa
Asia; Australia and Oceania:
Australia, including New Guinea..
India
Pakistan...
Malaysia __.
Indonesia
Philippines
Japan.. _._
_ _•__
Europe:
France^
East Germany
West Germany
r 2,408.9 '2,615.9 r 2,607.3 '2,551.4 '2,653.8 '2,546.9 '2,576.5 '2,584.1 '2,547.9 '2,642.7 '2,392.3 '2,692.2 2,603.9
do
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
x
_
2,716.5 '2,525.3 '2,469.3 '2,831.9 '2,705.4 '2,725.5 '2,667.2 '2,418.8 '2,486.4 2,549.7 2,485.2 2,797.0 2,872.0
2,645.6 '2,469.9 '2,417.9 '2,796.8 '2,666.1 '2,683.2 '2,617.9 '2,376.4 '2,395.4 2,504.6 2,440.0 2,760.8 2,812.9
Italy _
Union of Soviet Socialist Republics
United Kingdom
do
do
do
North and South America:
Canada .
mil $ 5,642. 8 6, 660. 8 583.7
539.0 537.6
' Revised.
» Preliminary.
cfNumber of sto<jks repres ents nurriber curr ently us ed;
the change in number does not affect continuity of t he series.
S-22
February 1968
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966
Dec.
Annual
1968
1967
1966
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
Exports (mdse.), incl. reexports— Continued
By leading countries— Continued
North and South America— Continued
Latin American Republics, total 9
Argentina
Brazil
Chile
Colombia
Mexico
Venezuela
mil. $._ 3,787.7
do
267.5
do
347.9
do__,_
237.4
do
198.5
do _
1,105.9
do
625.6
399.8
37.5
63.6
24.8
23.4
103.4
49.9
347.6
19.0
42.8
21.7
19.2
102.8
49.0
By commodity groups and principal commodities:
Food and live animals 9
do
Meats and preparations (incl. poultry) __ do
Grains and cereal preparations
do
Beverages and tobacco
do
Cotton, raw, excl. linters and waste
Soybeans exc canned or prepared
Metal ores, concentrates, and scrap
•__
do
do
do
do __
do
do
4, 003. 1 ' 4,562. 4
158.9
161.8
2, 636. 6 3, 189. 3
360.7
19.8
53.5
23.6
16.8
105.4
44.4
351.3
17.3
40.9
21.2
13.4
101.2
55.6
517.0
623.7
' 3,o7orr
432.2
352.1
11.6
241.2
334.4
11.0
228.0
308.2
12.8
196.9
358.3
12.9
242.5
327.8
11.6
212.1
78.5
39.6
41.3
47.6
59.2
336.5
18.3
38.3
20.9
16.7
103.6
48.6
333. 3
13.3
208.9
346.4
22.6
35.4
19.0
22.3
105.5
45.7
339.2
16.1
50.6
19.9
15.2
99.2
51.0
348.2
20.9
54.3
20.6
14.6
99.1
49.1
335.6
15.7
44.0
18.8
17.1
101.2
52.5
320. 4
16.1
33.5
19.6
19.2
106.3
47.7
358.6
20.2
56.5
22.8
15.3
109.0
50. 5
362.9
18.5
58.6
24.0
25.2
99.8
50.3
334.9
12.4
222.4
332. 9
14.9
209.7
410. 1
14.8
288.8
351.1
11.8
237.0
322. 4
10.8
214.8
54.2
46.4
40.4
50.2
69.5
56.8
70.5
73.7
275.3
35.7
58.1
44.6
236. 1
27.2
49.6
46.2
240.6
27.3
47.4
41.4
228.4
30.6
29.3
50.8
290.2
30.9
83.4
52.6
328.3
32.7
112.8
46.6
276. 8
38.3
74.3
36.6
94.5
48.6
40.4
113, 7
38.5
70.9
120.7
46.0
69.6
109.1
40.1
61.9
92.8
46.8
41.7
96.1
50.1
41.2
76.0
39.1
31.3
759.9
421.8
312.2
72.4
85.5
31.2
276.7
56.6
67.2
29.8
280.7
53.8
62.9
34.7
288.2
47.9
54.2
47.3
263.0
34.2
65.3
41.7
946.5
494.3
417.6
' 975. 8
493.3
435.6
'74.6
34.2
38.5
68.9
29.3
31.2
81.4
39.1
36.9
76.4
33.3
38.0
84.4
42.0
38.6
93.3
48.3
40.1
471.6
' 356. 8
32.6
2, 401. 7 '2,674.5 ' 235. 8
2, 855. 5
486.2
650.1
434.2
316.2
12.6
210.8
335.9
12.4
214.0
291.7
48.7
61.1
47.3
Animal and vegetable oils, fats, waxes
do
21.4
32.2
33.4
29.2
32.1
38.9
29.9
22.7
26.2
24.7
27.9
19.8
C h emicals
do
227.1
215.2
242.5
234.2
249.0
240.2
220. 7
232. 7
235.3
218.6
244.9
242.6
Manufactured goods 9
Textiles
Iron and steel
Nonferrous base metals
3, 256. 9 ' 3,433. 5 ' 294. 5 289.9
do
554.2
50.6
48.0
527.8
do _ _
557.5
629.0
54.8
57.1
do _ _
582.4
539. 3
40.0
47.1
do
285.6
42.1
52.8
49.5
325.5
47.4
54.5
61.5
309.3
44.9
50.2
55.9
293.7
45.6
48.1
45.7
298.6
42.0
45.6
61.0
256.8
37.2
42.1
46.2
285.5
41.1
40.6
30.6
267.7
43.8
41.3
32.2
256.4
44.8
40.0
27.7
270.7
45.3
42.6
29.2
277.6
48.9
46.0
30.1
959.6 1, 157. 2 1, 116. 9 1, 115. 5 1, 088. 1
Machinery and transport equipment, total
mil. $__ 10, 147. 1 •11,155.5 -1,053.0 1, 005. 9
Machinery, total 9
Agricultural
Metalworklng
Construction excav and mining
Electrical
- -do
do __
do
do
do
Transport eouipment total
Motor vehicles and parts
General imports, total. _ _ _
Seasonally adjusted. _
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
do
do
908.8 1,017.7
959.9 1,080.8 1, 242. 6
669.0
46.2
34.3
82.1
169.9
653.7
53.9
28.2
82.4
165.6
643.0
57.7
25.9
86.5
166.0
741.9
69.6
30.0
96.4
188.6
726.3
64.1
32.9
95.8
185.6
740.0
71.9
28.9
97.3
182.1
682.7
54.0
31.5
82.9
183.9
637.0
50.3
31.3
84.7
164.8
597. 8
44.6
19.6
80.3
161.0
630. 9
37.4
22.8
85.4
168.1
618.4
35.8
29.6
78.0
169.9
664.2
35.4
26.2
77.6
176.5
717.7
40.3
31.7
91.5
188.1
3, 714. 6
2,386.5
381.0
247.5
352.2
226.2
316.6
201.3
415.3
254.1
390.6
241.0
375.4
243.5
405.5
235.2
317.5
179. 1
311.0
186. 2
386.8
222.3
341.6
221.3
416.6
252.0
524.9
281.1
3,445.0
1, 975. 5
25,542.2 2, 240. 1 2, 261. 8 '2,003.7 '2,354.8 '2,090.9 '2,222.0 '2,269.8 '2,126.9 2, 165. 5 '2,111.8 2, 342.2 2,435.4 2, 431. 1
'2,224.6 '2,255.5 '2,229.2 '2,202.9 '2,226.0 '2,139.9 '2,227.3 '2,208.0 '2,125.1 '2,208.5 '2,201.5 2,375.7 2, 524. 8
978.8
do
877.6
4, 528. 1 5, 276. 3
do
453.1
593. 6
_ _do _ .
_ _ _do __ 6, 292. 2 7, 857. 1
79.8
405.2
42.1
702.1
84.6
460.2
47.4
702.7
94.7
359.9
41.2
628.0
95.6
463.5
44.9
729.8
78.4
421.4
46.7
608.5
76.9
441.5
33.4
661.5
68.5
439.8
57.6
692.1
57.4
436.9
51.9
661.7
54.5
488.9
56.5
630.9
78.3
438.7
45.3
617.6
74.1
472.9
46.6
723.4
62.1
491.8
57.5
797. 4
80.5
438.0
59.8
779.3
do
do
do
4, 837. 1
1, 741. 7
2, 623. 8
6, 131. 4
1, 912. 2
2, 785. 2
627.6
168.8
214.3
526.8
181.0
257.7
497.7
163.5
217.9
597.8
200.9
222.8
544.4
176.4
214.9
629.0
169.7
209.8
643.8
176.3
201.5
563.5
136. 1
218.9
578.9
146.8
207.8
573.3
134.1
223.5
637.2
150.1
237.0
644.0
161.3
220.8
668.3
176.0
228.7
do
do
16.1
225.9
17.6
249.0
.9
22.9
.7
15.0
.6
27.7
.9
21.9
.2
19.2
4.9
20.2
3.8
15.9
.2
11.5
.6
14.4
.1
23.9
.7
21.2
1.2
13.2
1.0
23.1
do
do
do
do
do
do
do
313.7
348.1
44.8
211. 8
165.2
369.1
2, 413. 9
398.8
327.0
67.8
176.7
179.0
397.6
2,962.6
29.9
27.4
4.7
13.8
14.9
23.3
227.6
36.6
28.5
7.6
17.7
12.2
29.0
257.4
30.2
21.1
4.8
10.8
15.3
22.9
193.2
27.2
29.4
6.4
18.8
17.5
36.3
251.5
35.1
23.4
4.1
16.1
13.7
34.3
228.7
20.3
23.9
3.6
17.0
14.3
20.7
248.7
43.6
22.4
3.4
12.0
12.7
36.1
251.6
32.8
21.0
2.8
10.0
16.0
36. 0
251.2
34.8
29.0
4.2
16.4
18.5
41.2
269.8
31.0
20.5
4.5
18.8
14.5
29.3
251.6
32.4
26.1
2.9
17.5
15.2
28.6
280.2
48.3
27.2
3.9
21.8
14.7
23.6
294.6
46.5
25.0
6.7
18.7
17.1
42.7
221.3
do
do
do
do
do
do
615.3
6.5
1, 341. 4
619. 7
42.6
1, 405. 2
697.9
8.2
1, 795. 6
743. 0
49.4
1, 786. 1
56.5
.4
163.5
66.2
4.1
165.5
58.3
2.1
172.2
57.7
6.4
147.4
49.5
.4
142.8
61.9
1.9
133.7
57.9
.3
160.3
77.7
6.0
147.1
52.8
.2
131.7
66.1
2.4
123.5
54.5
.3
142.9
69.4
4.5
154.9
60.2
.3
166. 1
70.4
2.5
139.3
60.7
.4
166.1
71.0
1.7
131.3
62.5
.3
142.0
77.3
3.8
136.4
46.1
.3
156.0
59.2
3.2
130.5
58.2
.5
182.5
79.2
2.9
137.4
67.5
.3
205.9
82.9
2.7
158.6
61.7
.3
186.8
83.4
2.9
170.0
do
4,831.9
6, 124. 9
627.4
526.3
497.6
597.5
544.3
628.5
643.4
562.5
578.2
572.0
637.0
643.5
668. 0
365.9
317.8
3,674.8 3, 969. 9
319.8
14.8
122.1
12.3
148.8
10.4
52.1
599.7
42.4
512.4
36.0
14.7
229.1
14.8
209.4
25.8
25.3
19.0
276.7
244.8
18.8
750.2
69.3
70.3
65.2
638.4
80.1
100.7
1.018.0 1. 002. 4
82.0
9 Includes data not shown separately.
344.6
13.5
43.2
11.4
18.9
70.5
85.9
331.7
9.6
38.4
15.5
19.7
71.7
90.2
317.8
11.2
37.9
18.6
19.1
64.3
78.6
304.9
10.6
41.0
16.2
23.0
63.3
66.1
304.4
10.0
54.4
11.8
22.0
50.7
79.7
296.8
11.2
54.4
9.4
18.5
55.3
70.1
298.6
12.3
53.1
17.9
19.1
49.2
73.2
317.1
13.6
60.3
9.5
17.2
57.6
86.0
319.8
12.3
57.1
16.0
18.8
64.8
68.8
331.6
10.8
30.7
8.4
20.1
65.9
100.1
Latin American Republics total 9
do
Argentina
do
Brazil .
do
Chile
do
Colombia
do
Mexico
do
Venezuela...
do
Revised.
*> Preliminary.
'Corrected.
954.6
6, 702. 1 7, 445. 9
634.1
628.5
337.9
331.7
970.6
932.9
1, 659. 7 1, 898. 8
21,365.6
_do_
do _ _
___
Northern North America
Southern North America
South America
By leading countries:
Africa:
United Arab Republic (Egypt)
Republic of South Africa
Asia; Australia and Oceania:
Australia including New Guinea
India
Pakistan
Malaysia
Indonesia
Philippines
Japan __
Europe:
France
East Germany
West Germany _
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
r
319.4
25.9
39.5
16.0
23.1
90.8
43.0
r
do_ _ 27, 135. 3 29,883.9 2,690.2 '2,492.4 '2,440.8 '2,797.1 '2,669.8 '2,692.5 '2,635.4 2,389.7 '2,448.4 2, 518. 2 2,456.0 2, 765. 8 2, 841. 0
do
26, 356. 5 28,943.5 2,619.3 '2,437.0 '2,389.4 '2,762.0 '2,630.5 '2,650.2 '2,586.1 ••2,347.3 '2,357.5 2, 473. 1 2,410.8 "2,729.6 2, 781. 9
667.7
563.6
469.6
531.7
490.9
543.9
519.6
524.2
552.2
513.6
472.3
do
6, 228. 6 6,884.5
632.0
531.6
do
20,906.7 23,014.6 2,057.1 1,985.1 1,946.1 2,248.9 2, 156. 7 2,154.0 2, 129. 2 1, 929. 6 1,980.3 2,027.3 1,924.2 2,098.0 2, 277. 4
Exports of U.S. merchandise, total
Excluding military grant-aid
Agricultural products total
Nonagricultural products total
Mineral fuels, lubricants, etc. 9
Coal and related products
Petroleum and products
4, 230. 9
244.1
575.0
256.0
287.1
1, 180. 0
598.0
Jan.
SURVEY OF CURRENT BUSINESS
February 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1966
1965
Annual
Dec.
S-23
1968
1967
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Oct.
Sept.
Nov.
Dec.
Jan.
FOREIGN TRADE OF THE UNITED. STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
General imports— Continued
By commodity groups and principal commodities:
Agricultural products, total
mil $
4, 083. 6
17, 282. 0
Nonagricultural products, total
do
3, 459. 6
120. 5
1, 058. 5
426.5
442 5
410.8
357.8
329.9
4 530.5
369.1 378.5
362 0
431 5 375.7 336 1 358.4 344 5
415 3 364 6
21,011.7 1, 878. 1 1 846.5 1 638.8 1 924.4 1, 715. 4 1 , 886. 3 1, 919. 0 1 782 8 1, 807. 7 1,781.6 1, 973. 1 2, 057. 0 2, 020. 2
3 947. 5
122.2
1 067.3
599.5
501 2
Food and live animals 9
Cocoa or cacao beans
Coffee
Meats and preparations
Sugar
do
do
do
do
do
Beverages and tobacco
do
553.2
Crude materials, inedible, exc. fuels 9
Metal ores
Paper base stocks
Textile
fibers
Rubber
do
do
do
do
do
3, 046. 6
915.4
421.9
435 4
188.1
r
Mineral fuels, lubricants, etc
Petroleum and products
do
do
2, 221. 5
2, 092. 5
2 262.0
2, 127. 1
Animal and vegetable oils and fats
Chemicals
do
do
116.5
768.8
Manufactured goods 9
Iron and steel
Newsprint
Nonferrous metals
Textiles
do
do
do
do
do
5, 555. 4
1, 234. 7
789.6
1, 266. 8
800 4
r
Machinery and transport equipment
do
2, 947. 8
Machinery, total 9
Metalworking
Electrical
do
do
do
Transport equipment
do
Automobiles and parts
do
Indexes §
Exports (U.S. mdse., excl. military grant-aid):
Quantity
1957-59—100
Value
do
Unit value
do
General imports:
Quantity
do
Value
do
Unit value
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports) :
Shipping weight
thous sh tons
Value
mil $
General imports:
Shipping weight
thous sh tons
Value
mil $
330.8
12.8
75 8
50.1
35 4
355. 4
24.5
92 6
54.3
33 6
314.1
25.9
74 5
47.5
37 0
369.0
20.8
93 8
51.4
46 2
322.6
11.7
76.9
44.3
54.4
337.2
9.9
75.4
51.5
59 7
331.7
4.8
83.0
61.1
56 3
347.0
6.7
90.6
61.4
42.3
310.3
4.7
71.8
57.7
56 0
335.0
9.5
82.2
54.9
37.3
357. 0
14.4
63.9
58.2
64.3
53.6
60.0
49.9
63.6
62.4
55.5
51.4
38.3
39.9
51.8
69.8
73.8
81.7
254.0
75 3
37.6
29 6
17.3
210.8
61 2
33.3
24 9
14 1
254.5
62 8
39.8
32 0
21 2
226.3
62.7
32.4
25.2
13.6
250.7
92 6
35.0
23 5
14.3
282.2
117.0
35.8
24 9
9.6
224.0
79 7
30 7
23 0
90
276.5
98.1
35.5
23.6
15.8
234.3
71.2
32.5
23 7
12.7
248.9
88.8
34.8
20.8
13.2
256.4
86.1
38.3
26.2
17.1
254.4
86.0
33. 7
28.5
16.6
182 5
173.0
226.7
212. 7
186.7
172.3
211.8
197.2
193.8
179.1
194.7
181.1
176 9
163. 7
165 3
153 5
158.3
147.4
169.9
154.3
185.4
174.4
167.8
152.6
212.5
199.8
13 1
74.8
14.2
82.4
14.8
80.0
11.3
90.2
8.0
83.7
8.2
85.1
6.2
76.1
72
70.7
9.1
82.9
8.9
69.6
10.2
73.1
12.8
87.8
11.4
82.0
6,352.6
1, 305. 0
889.5
1, 551. 7
908.5
513.5
522.1
101.6
99.2
75 4
72.8
133.5 i 128.9
80.9
69 3
471.7
98.2
64.6
122.6
60.4
531.9
114.4
71.4
129.7
76.7
490.8
105.6
68.9
122.3
69.8
551.7
122. 4
79.3
127.1
69.8
527.5
114.2
77.8
124.8
61.3
493.2
110.8
69 9
105.0
60 4
513.2
116.9
70.8
100.9
69.3
536.1
106.7
68.5
139 .8
60.5
549.8
115.4
76.7
137.1
65.7
628.0
145.6
71.6
167. 6
70.8
570.0
121.0
71.3
155.6
66.6
r
547. 8
434.7
537.2
430.4
497.1
515.8
473.6
418.5
413.1
505.3
518.6
562.6
254.4
16.2
86.0
249.8
17.7
87.5
251. 6
15 9
89.1
258.9
18.0
104.2
224.0
16.0
94.1
253. 8
17.1
107.3
275. 6
17.6
118.8
266.0
17.0
95.1
242.8
192.8
266.1
218.2
222.0
179.6
159.6
115.2
189.1
157.7
251.5
219.8
242.9
211.7
296. 6
257. 0
17 216
1 500
16 892
1,450
16 368
1,507
16, 827
1,454
18, 364
1,696
18, 996 22, 686
1,352
1,487
20, 861
1,567
r
146. 2
955. 3
4,822.8
r
r
484.4
2, 618. 4
135.3
1, 015. 9
261.9
16 8
107.3
242.0
16 3
85.9
232.5
14.3
87.5
286.1
19.8
103.7
1, 201. 5 2, 209. 3
810. 1 1, 617. 7
285.8
239 3
242.4
195.9
202.1
164.1
251.1
196.4
196.2
151.1
144
152
106
158
168
106
167
180
107
179
192
108
191
203
106
153
152
99
180
182
101
191
193
101
188
188
100
189
188
99
171 730
16 927
185 978
18520
14 120
1 637
I9 452 12 971 13 705
1 533 1 463 1,653
255 754
14, 942
327 6
88
80 5
59 6
63 8
250.8
79.4
38.9
26 9
12 9
641.7
3,265. 5
1 019.8
449.3
436 3
180.9
234.1
17.5
80.7
1, 746. 2
63 5
639.6
296.2
5.5
77 4
43.1
37 4
266 074
17,319
20 210 22 877
1 383 1,511
18 994
1,315
20 764
1,540
14 948
1,601
20, 132
1,348
16, 058
1,607
22, 646
1,426
16, 570
1,572
22, 810
1,484
19 429
1,396
21, 092
1,450
T
r
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. total) :
Operating revenues, total 9
mil $
Transport total 9
do
Passenger
do
Property
do
U S mail (excl subsidy)
do
Operating expenses (incl depreciation) do
Net income (after taxes)
'
do
Operating results:
Miles flown (revenue)
mil
Express and freight ton-miles
flown
do___~
Mail ton-miles
flown
do
Passengers originated (revenue) _ _
do
Passenger-miles flown (revenue)
bil
3,306
3,278
2,933
218
74
2, 886
223
3,707
3,672
3,261
242
91
3,250
240
1,002
992
870
69
28
890
60
941.0
921.6
219.6
71.4
49.2
1, 010. 9
1, 081. 7
282.4
81.1
57.1
97.3
104.4
36.5
7.5
5.5
Express Operations (qtrly.)
Transportation revenues.
Express privilege payments
mil. $
do
431.4
119.3
430.8
111.7
115.2
29.2
Local Transit Lines
Fares, average cash rate _
Passengers carried (revenue)
_
cents
mil
21.6
6,798
21.9
6,671
22.0
582
96.6
87.1
24.9
7.4
5.3
88.9
85.5
24.5
6.7
4.6
102.6
105.8
29.9
8.4
5.9
100.1
108.8
28. 2
8.0
5.5
101.2
*24 0
22.1
553
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. total):
Number of reporting carriers. .
* 1, 148 * 1, 148
1,148
Operating revenues, total
_ mil. $
7,120
7,849
2,054
Expenses, total
do
6,741
7,457
1,984
Freight carried (revenue)
mil tons
433
462
119
2
'Revised.
p Preliminary.
1 As
compiled by ALIT Transp ort Assn. of Amen ca.
Ex3
eludes excess baggage revenues.
For the 1st qi larter 196 7, paymeiits of $2 6 mil. were
deferred until 2d quarter 1967; for the 3d quarter 1967, paymcmis of $1. 4 mil. ha ve been de-
1,122
1, 112
987
72
26
990
77
1,030
1,020
904
62
24
951
39
22.2
520
22.2
595
22.2
561
105.2
114.4
29.4
7.9
5.4
105.4
117.4
28.9
9.2
6.7
~
108.8
29 o
22.3
593
22.4
553
i 1, 188
1 1, 056
1268
120
1 1 040
194
110.5
100.3
27.8
8.8
6.8
113.1
113.8
31.8
9.7
7.4
109.4
113.4
33.5
8.3
6.0
114.1
114.9
38.8
8.3
5.8
109.9
110.2
40.3
8.0
5.5
23.1
580
23.1
560
104.3
23 7
3
22 8
494
23.0
525
23.1
546
23.2
551
1,233
1,226
1,899
1,983
1,851
1,917
116
126
4
Number of carriers filing complete reports for the year,
ferred until the 4th qua rter 1967.
9 In eludes data not s lown sep arately.
§Piiblication of dats beyond 2d quarter 1967 withheld pending revision of comparable
back data.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1%6
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966
Annual
February 1968
1966
Dec.
1967
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION-Continued
Motor Carriers (Intercity) — Continued
Freight carried, volume indexes, class I and II
(ATA):
Common and contract carriers of property
(qtrly )
average same period, 1957-59=100
Common carriers of general freight, seas. adj.
1957-59=100Carriers of passengers, class I (qtrly.) :
Number of reporting carriers
Operating revenues, total
mil. $
Expenses, total
.
_ _ _ _ _ do
Passengers carried (revenue)
mil
-
150.9
161 2
154 9
1413
-156.0
155.5
U56
610.3
516.7
218.3
1156
641.0
545.8
223.2
156
155.0
136.5
56 1
162
137.8
133.3
52.5
162
162. 8
145.3
55.8
10, 208
8,836
553
7,850
1, 396
962
815
10, 655
9,281
544
8 117
1,492
1 046
902
2,718
2,368
125
2 098
356
263
244
2,536
2,226
117
2,027
364
145
121
2,628
2,312
121
2,069
380
179
143
2,529
2,217
131
2,038
363
128
78
709.3
697.7
1. 266
17, 389
750.5
738 3
1 257
17 095
189.7
186 1
1 272
3 880
180.0
177.2
1.256
3,567
186.8
184.0
1.257
3,793
179.1
174.9
1.268
4 274
9.71
62
112
10.03
62
115
9.35
49
118
10.03
59
106
10.22
62
114
9.79
64
122
10.98
67
123
10.41
64
128
11.06
63
123
9.93
55
109
11.12
63
112
3,351
3,341
2,093
1,819
1,330
36, 509
3,881
3,759
2,413
2,040
1,548
38, 490
236
248
177
183
67
851
273
258
185
133
100
932
254
275
149
123
111
941
322
325
191
154
188
1,380
308
328
206
157
197
1,711
352
365
223
190
224
2,417
402
537
236
217
219
5,674
455
565
319
247
165
8,814
656
475
316
291
144
8,595
2 014
34.55
1 969
33.80
397
6.91
403
6.97
358
6.11
385
6.47
11 750
6,272
4,188
7 076
2 091
81 5
12 904
6,699
4,761
7 713
2 317
86 0
3,330
1,717
1,237
2 038
580
86 0
3,356
1,732
1,245
2 040
584
87.0
3,445
1,764
1,291
2 067
618
87 8
3,477
1,773
1,303
2 059
643
89 0
305 6
267 4
03 g
319 3
275 5
81 7
69.7
81.5
71.8
85 3
73 4
83.5
74.0
24 9
75
4 3
70
4.6
9
II 2
87 0
121 4
90 4
31 4
23.8
31 2
23.9
33 1
24.8
33.3
25.4
21 0
27 1
66
63
71
68
154.0
155 8
153.6
155.7
150.2
134.3
141.6
147.3
156.8
143.7
148.6
145.5
146.4
150.7
2
60.8
257.2
10. 97
64
120
11.40
68
112
11.24
59
110
9.91
48
119
434
365
306
243
100
3,892
83
2,725
79
1,534
75
922
154.3
Class I Railroads
Financial operations (qtrly.):
Operating revenues total 9
mil. $
Freight
do
Passenger _
do
Operating expenses
do
Tax accruals and rents
do
Net railway operating income
do
Net income (after taxes)
do
Opera ting results:
Ton-miles of freight (net) , revenue and nonrevenue (qtrly )
bil
Revenue ton-miles
>
do
Revenue per ton-mile (qtrly avg )
cents
Passengers (revenue) carried. 1 mile (qtrly ) mil
Travel
Hotels:
Average sale per occupied room
dollars
Rooms occupied
% of total
Restaurant sales index same mo. 1951=100
Foreign travel:
U S citizens* Arrivals
thous
Departures
do
Aliens* Arrivals
do
Departures
do
Passports issued and renewed
do
National parks, visits
do
Pullman Co. (qtrly.):
Passenger-miles (revenue)
mil
Passenger revenues
mil $
COMMUNICATION (QTRLY.)
Telephone carriers:
Operating revenues 9
mil $
Station revenues
do
Tolls, message
do
Operating expense (excluding taxes)
do
Net operating income (after taxes)
do
Phones in service end of period
mil
Telegraph carriers:
Domestic:
Operating revenues
mil $
Operating expenses
do
Net operating revenues (before income taxes)
mil $
International:
Operating revenues
do
Operating expenses
do
Net operating revenues (before income taxes)
mil $
23
66. 2
p2 51 4
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Acetylene
mil cu ft
Ammonia, synthetic anhydrous __ thous. sh. tons..
Carbon dioxide liquid gas and solid
do
Chlorine gas (100% Cl.)
do
Hydrochloric acid (100% HC1)
do
Nitric acid (100% HNOs)
do
Oxygen (high purity)
mil. cu. ft__
Phosphoric acid (100% P2O5)
thous. sh. tons._
Sodium carbonate (soda ash), synthetic (58%
Na20)
thous. sh. tons__
Sodium bichromate and chromate
do
Sodium hydroxide (100% NaOH)
do
Sodium silicate, anhydrous
thous. sh. tons
Sodium sulfate, anhydrous
thous. sh. tons
Sulfuric acid (100% H3SO4)
do
2
'16,659
8, 710. 9
'•1,089.4
6,478.7
1, 368. 1
4, 889. 7
' 181, 944
3, 904. 6
' 16, 598 ' 1, 389
10,661.1 1,049.6
' 1,089.0 ••75.3
615.2
6,946.0
4
135.4
1, 504. 8
5,333.0
512.5
'212,751 '18,166
44,531.2
391.6
1,467
994.9
91.6
633.1
133.6
531.8
18, 333
406.7
1,225
1,234
928.7 1,032.2
84.7
93.9
648.1
589.0
138.8
126.7
544.3
521.3
17,072 18,899
424.8
404.9
1,069
1,002.0
112.9
624.1
125.9
446.3
17, 397
353.6
429.4
408.7
391.2
404.0
421.7
424.4
359.6
4,928.0 5, 073. 2
11.2
11.6
10.1
11.5
10.7
138.9
9.1
141.0
11.8
660.0
642.9
673.0
643.5
656.9
657.2
6, 796. 4 7, 342. 0
596.0
53.6
45.1
43.6
609.1
47.9
55.3
51.1
48.3
587.8
121.7
115.2
122.4
109.6
117.0
106.1
1, 407. 9 1, 427. 4 114.0
24,850.7 28,477.3 2,568.4 2,356.1 2, 330. 3 2,480.8 2,460.1 2,426.0 2,196.2
' Revised.
? Preliminary.
i Number of carriers filing complete
reports for the year.
3
Preliminary estimate by Association of American Railroads.
Data cover 5 weeks; other
1,280
1,220
991.4 1,072.8
92.9
103.6
613.0
646.7
133.2
134.2
531.9
515.4
17, 617 18, 557
410.6
408.4
1,029
967.6
109.8
647.2
120.8
457.5
17, 656
345.0
1,162
950.7
115.3
619.3
127.6
493.4
18, 932
357.9
1,146
925.9
104.5
621. 8
133.5
504.8
18,660
367.6
1,224
'1,234
'1,022.9 1, 026. 2
'98.2
83.7
' 653. 7 669.5
138.7
138. 2
532.0 521.6
'19,258 20, 354
' 415. 3 412. 4
378.0 407.4 393.9
398.1 402.4
11.2
10.8
11.1
10.3
9.7
644.0 ' 679. 2 678.0
662.3 643.1
55.4
53.3
50.6
52.5
50.7
119.2
120.6
121.1
113.7
102.2
2,115.3 2,259.6 2,172.1 '2,381.5 2,407.1
4
periods, 4 weeks.
Revised annual total; revisions are not distributed to the monthly
data.
9 Includes data not shown separately.
SUKVEF OF CUEKENT BUSINESS
February 1968
1965
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
Annual
1967
1966
Dec.
S-25
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
131.8
127. 0
131.5
Jan.
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Organic chemicals, production:^
Acetic anhydride
Acetylsalicylic acid (aspirin)
Creosote oil
-
DDT
Ethyl acetate (85%)
Formaldehyde (37% HCHO) _._'..
Glycerin, refined, all grades:
Production
Stocks, end of period
__ _
Methanol, synthetic and natural.
Phthalic anhydride
-
mil. Ib
do
mil. gal
11,531.7 11,600.9
34.1
29.0
i 123. 6 1 112.7
137.3
3.4
10.0
129.8
2.9
9.9
114.7
2.2
7 2
108.4
2.9
10.6
129. 7
2.9
11.4
mil.lb
do._
-do
1 140. 8
141.5
1 114. 0 i 121.6
13,106.6 13,627.1
10.9
12.1
308.3
9.9
10.9
300.9
10.1
8.3
289. 8
9.7
10.7
321.8
9.4
12.4
308.9
365. 6
26.0
485. 6
i 674. 8
30 8
26.0
48.1
58,7
30 9
27.5
42.2
58.3
26.5
27.3
41.0
53.6
30.9
27.0
44.5
57.6
140.1
123.4
2.8
9.9
144.0
9.0
5.7
9.4
289.8
4.4
r
9.4
'•324.4
6.6
14.9
320.6
10.1
12.7
335.1
24.8
22.3
44.9
61.0
25.7
21.4
39.5
65.1
32.4
25.0
41.9
63.0
55.2
221.8
49.7
57.4
218.6
43.3
'66.3
219.5
44.1
8.4
59.5
208.7
44.2
8.4
135 0
135.8
1.7
91
9 5
2.2
9.2
9.7
7 0
14.2
295.4
9.6
12.8
319.5
10.1
281.2
10.5
11.2
299.0
31.0
27.2
39.6
59.8
33 3
27.7
45.9
60.4
28 1
29.4
45.7
55.0
26.8
27.9
41.9
52.8
2.5
2.2
9.9
2.8
9.9
o O
r
2.1
do
do
mil. gal__
mil. Ib
353.2
24.7
433.3
i 608. 3
mil. tax galdo
do
do
710.1
200 5
589.5
70.0
659.6
204.0
570.0
74.7
59.4
204.0
48.0
5.2
57.0
203.1
56.6
5.1
49.1
205.1
41.9
5.0
56.3
204.1
51.6
6.7
52.6
209.5
39.8
6.5
63.4
214 4
49.2
57.2
216.0
45.6
54.1
221.9
48.5
5.3
6.5
mil. wine gal
.
do
do
315.9
315.2
5.4
307.3
310.0
3.5
25.9
26.2
3.5
30.4
30.7
3.2
22.6
22.8
2.8
27.9
26.8
3.8
21.5
21.8
3.6
26.5
26.1
24.5
25.0
26.1
25.7
3.6
4.0
26.8
26.8
23.3
23.1
23.7
24.0
4.1
23.8
23.6
thous. sh. tons
do
do
do
10, 810
1,196
8, 104
1,053
14, 219
2,303
10, 018
1,000
1, 432
216
1,019
94
1,273
116
979
136
1,128
118
854
108
1,166
137
922
83
1,171
40
943
77
1,311
1 360
1,111
1,354
1 194
1 501
334
963
115
1,343
218
773
109
1 428
177
181
1,780
398
154
160
2,382
321
12
12
175
35
11
20
221
9
9
29
213
30
19
32
244
22
28
19
308
22
21
5
207
21
12
3
154
39
10
2
121
24
10
15
264
16
12
8
293
5
16
13
170
2
17
13
328
18
11
9
188
11
3,342
3,991
286
351
296
504
611
319
217
145
298
380
385
267
3 834
469
4,431
624
395
624
403
602
406
637
439
623
415
529
385
567
346
627
287
700
325
713
359
684
401
597
'400
r
653
Explosives (industrial), shipments, quarterly:
Black blasting powder
_
mil Ib
High explosives
do
.8
1, 459. 4
.5
1,753.1
—1.0
427.8
Paints, varnish, and lacquer, factory shipments:
Total shipments _ _
mil $
Trade products..-do
Industrial
finishes
do
2, 169. 3
1, 246. 7
922.6
2, 364. 4
1,312.4
1, 052. 0
149,9
73.0
76.9
162.0
81.3
80.7
167. 3
88.9
78.4
208.3
114. 8
93.5
208 6
121.1
87 5
231 7
134.4
97 3
Sulfur, native (Frasch) and recovered:
Production _.
thous Ig tons
Stocks (producers') , end of period
do
•i 7, 336
3,425
i 8, 242
2,704
722
2,704
694
2,722
611
2,618
708
2 492
696
2 405
1 169.5-
i 190. 6
16.1
14.1
14.5
15.7
13 8
1
1
32.6
••30.4
44.6
62.7
30 5
32.3
48.3
66.2
ALCOHOL
Ethyl alcohol and spirits:
Production
_.
Stocks end of period
Used for denaturation
Taxable withdrawals
_
Denatured alcohol :
Production
Consumption (withdrawals)
Stocks, end of period _
7.0
4.0
6.8
4.1
7.1
4.4
4.4
FERTILIZERS
Exports, total $
Nitrogenous materials
Phosphate materials
Potash materials _
_
Imports:
Ammonium nitrate _ . _ .
Ammonium sulfate
Potassium chloride
_
Sodium nitrate.
do
_._do
do
do
Potash deliveries (KsO) - do
Superphosphate and other phosphatic fertilizers
(100%P205):
Production
thous sh tons
Stocks, end of period
do
153
947
87
95
959
76
68
855
53
111
940
98
128
943
71
159
947
106
390
720
. .MISCELLANEOUS PRODUCTS
.1
406.4
.1
.1
.1
442 0
456 2
250.4
146.7
103 7
214.8
134,2
80 7
248 2
146.8
101 5
719
668
2 349
2,215
716
2,278
2, 244
15.1
14. 2
11.6
12.5
695
403 9
210 4
120.1
90 3
204.8
109.3
95.4
188 0
96.9
91 o
673
2 263
^699
2,131
2 123
12.7
12.8
13.9
155.8
78.6
77 2
678
PLASTICS AND RESIN MATERIALS
Production:
Cellulose plastic materials __
mil.lb
Thermosettlng resins:
Alkyd resins .
do
Coumarone-indene and petroleum polymer
resins
.._
mil, Ib...
Polyester resins
„„„ _
do
Phenolic and other tar acid resins _
do
Urea and melamine resins
_
do
Thermoplastic resins:
Styrene-type materials (polystyrene) mil Ib
Vinyl resins (resin content basis)
do
Polyethylene.
do
i 639. 6
* 614 0
45.0
46 7
43 3
51 1
47 6
52 3
52 8
46 1
53 1
50 1
50 8
47 g
i 324. 3
i 398, 9
* 921. 3
» 621. 2
i 333. 5
453. 3
1
982. 6
1
632. 8
22.0
37.1
73. 9
47. 1
23.4
35,9
77.7
50.8
25.5
35.4
73.2
46.8
28.1
41 6
88 2
57 4
9 A <.}
40 1
80-8
51 9
19, 0
46 4
80.8
51 3
25.4
<q 8
80,0
56 6
20.5
35 7
67,3
42. 3
20.8
44 o
80.7
57 9
29.0
39 4
79.3
60 2
22.9
42 1
87.2
60" 6
24.9
42 4
84.2
57.4
192 7
227. 0
326 3
190 8
223.4
306. 8
188 6
204.4
296 9
201 2
225 5
330 5
707 Q
21,5 9
320 5
208 5
211. 8
316 1
192 3
212.2
309 8
169 8
167.7
299 7
190 2
203. 1
291 8
189 8
221.5
296 6
203 6
228.5
321.3
213. 9
235. 4
311. 4
12,033. 1 12 397 2
12,312.3 1 2 670 2
3, 047, 4 13 558 7
ELECTRIC POWER
Production (utility and industrial), total
mil. kw.-hr... 1,157,583 1,248,232 109, 717 100, 951 101, 081 107, 609 102, 172 108, 582 111, 704 114,428 118,321 107, 159 109,498 109. 818
Eleetric utilities, totaL __,..,
By fuels.— „
By waterpower™,__ „
„
•_ ._
do
do
do
Privately and municipally owned util- . do
Other producers (publicly owned)..
do
Industrial establishments, total
By fuels
_. _
By waterpower....
.....__,.
do
do
do
1,055,252 1,143,737 100, 860 101, 256
861, 401 949, 254 83, 053 83, 586
193, 851 194,482 17, 807 17, 690
93, 654
76, 190
17, 4.55
97, 727 103, 007 108, 019 109, 753
78, 524 84 , 505 87, 106 91, 088
19, 203 IS, 502 18,914 18, 666
859,414
195, 838
933, 407
210, 329
82, 365
18, 495
82,618
18,638
75, 468
17, 492
80,627
18,315
76, 546
18, 108
78, 747
18, 980
83, 772
19, 235
85,836
20, 184
89, 231
20,522
102, 331
99, 198
3,134
104, 496
101, 346
3,149
8, 857
8, 675
282
8, 895
8, 393
302
8? 101
7,821
280
8, 757
8, 454
304
8, 518
8, 220
298
8, 854
8, 524
330
8,697
8,408
289
8,409
8, 183
226
8, 568
8,320
248
; Revised. . » Corrected.
1
Revised annual total; revisions are not distributed to the monthly data.
92, 960 98, 942
76, 369 80,419
16,591- 18, 523
98, 939 100,864 101, 288
81, 658 82, 989 82, 781
17, 281 17, 874 18, 508
80, 731 82, 784
18, 208 « IS, 079
82, 360
18, 429
8,635
8,369
268
8,529
8. 259
'270
8, 220
8,001
219
87, 361
reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
9 Includes data not shown separately.
SURVEY OF CUKEENT BUSINESS
S-26
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
| 1966
I
1966
Dec.
Annual
February 1968
1967
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
ELECTRIC POWER AND GAS—Continued
ELECTRIC POWER— Continued
953, 414 1,038,982
89, 262
93 362
89, 654
90, 421
88, 105
87, 585
90, 587
94, 197
97,963
95, 646
92, 564
91,635
202, 112
433, 365
225, 878
465, 077
18, 840
39 560
19, 253
39, 652
18, 613
38 367
18, 859
39, 559
18, 705
39, 530
18, 679
40, 304
20, 343
40,991
22, 196
40, 130
23, 056
41, 913
22, 310
41, 507
20, 868
41, 724
19,708
41, 308
4,652
do_ _.
280, 970
do
8,782
_ do
21, 675
do
1,858
do
4,514
306, 572
9,240
25 922
1,779
421
27 087
914
2 306
134
438
30, 594
925
2,351
149
423
28, 895
834
2 370
152
426
28, 174
817
2,407
179
376
26, 142
772
2,376
204
370
24, 885
726
2,316
306
337
25, 510
702
2,405
301
336
28, 166
713
2,341
315
351
29, 130
754
2,437
321
338
27, 948
794
2,436
314
355
25, 939
876
2,494
307
389
26, 513
915
2,525
278
Sales to ultimate customers, total (EEI) mil. kw.-hr
Commercial and industrial:
Small light and power §
_
do
Large light and power§
do
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental
_
_
Revenue from sales to ultimate customers (Edison
Electric Institute)
- - --mil. $_ 15, 158. 4 16, 196. 1 1, 375. 0 1, 431. 2 1, 398. 1 1, 393. 8 1,370.4 1, 362. 4 1, 416. 3 1, 481. 4 1, 523. 6 1, 496. 5 1, 444. 5 1,423.4
GAS
Manufactured and mixed gas:
Customers end of period total 9
Residential
Industrial and commercial
thous
do
do
702
659
42
670
628
41
670
628
41
677
634
43
672
629
42
666
624
42
mil therms
do
do
1 357
809
534
1 386
807
562
383
218
160
561
363
198
311
176
131
175
68
106
Revenue from sales to consumers, total 9 mil. $
Residential
do
Industrial and commercial
do
130.4
87 2
42.1
127 9
83 5
43 1
34.7
22 3
12 0
49.0
33.6
15.3
29.0
18.5
10.2
16.8
8.9
7.8
thous
do
do
37, 265
34, 227
2 997
37, 183
34, 057
3 082
37, 183
34, 057
3 082
38, 201
35, 062
3,139
38, 073
34, 991
3,037
38, Oil
34,977
2,990
mil therms
do
- do
118 748
39, 190
74, 657
127 524
40, 959
80, 890
32, 060
10, 169
20, 521
42, 927
18, 843
24, 084
31, 225
9,194
20, 931
24, 595
3,684
19, 578
Revenue from sales to consumers, total 9 —mil. $__ 7, 278. 5
3 937 8
Residential
do
Industrial and commercial
do
3 166 0
7, 745. 2
4 108 2
3,433 8
1,957.3
1,028.8
877.5
2, 882. 5
1, 731. 9
1, 150. 5
1, 868. 3
962.6
865.8
1, 245. 1
484.2
719.6
Sales to consumers total 9
Residential
Industrial and commercial
Natural gas:
Customers end of period total 9
Residential
Industrial and commercial
Sales to consumers total 9
Residential
Industrial and commercial
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
mil. bbl
Taxable withdrawals
_
_ do
Stocks, end of period
_ _
do
Distilled spirits (total) :
Production
mil. tax gaL_
Consumption, apparent, for beverage purposes
mil. wine gal
Taxable withdrawals
mil. tax gal
Stocks, end of period
do
Imports.mil. proof galWhisky:
Production
mil. tax gal__
Taxable withdrawals
do
Stocks, end of period
do
Imports
mil. proof gal
108. 22
100. 42
10.34
113. 04
104. 26
10.57
185. 06
8.33
8.14
10.57
8.38
7.00
11.31
8.15
7.07
11.77
10.68
. 9.50
12.14
10.77
9.18
12.88
11.26
10.20
13.04
11.21
10.51
12.83
10.64
9.63
13.03
10.74
10.48
12.48
8.89
8.67
11.94
9.00
8.28
11.83
8.37
8.12
11.30
8.47
8.33
10.77
191. 14
15.20
17.20
17.20
19.36
18.17
20.27
16.46
11.14
13.83
16.80
20.58
20.73
294.24 ••308.92
144. 73
137. 52
880. 42
872. 90
58.04
60.30
37.56
10.05
880. 42
5.46
21.18
9.91
885. 49
4.90
21.54
9.76
888.40
3.94
27.24
12.64
892. 90
5.21
23.66
11.70
895. 69
4.90
27.99
13.46
899. 46
5.19
27.52
12.95
900. 42
5.56
22.55
9.40
900. 14
4.04
26.46
13.27
897. 62
4.89
25.80
12.77
898. 03
5.76
28.94
16.07
897. 34
7.80
33.94
15.20
899. 16
8.54
126. 88
90.05
835. 85
51.10
128. 51
94.57
835. 46
52.20
9.85
6.55
835. 46
4.88
12.73
6.49
839. 32
4.10
13.81
6.81
843. 33
3.42
14.82
8.25
846. 85
4.49
14.09
7.54
850. 06
4.32
15.
47
1
8.21
854. 57
4.49
10.98
7.60
855. 37
4.88
7.68
5.44
855. 62
3.50
9.91
8.29
854. 32
4.27
12.10
8.73
854. 33
5.04
14.58
11.69
853. 34
6.94
14.83
10.74
853. 74
7.67
94.11
64.81
101. 06
67.14
6.92
3.99
6.49
3.60
6.87
4.26
8.94
5.53
8.69
5.32
9.67
5.93
9.37
5.82
6.47
3.87
9.13
5.56
9.84
6.45
11.82
7.78
12.17
7.90
7.29
6.25
3.10
1.45
8.75
7.40
3.75
1.64
.96
1.00
3.75
.18
.86
.51
4.01
.14
.86
.43
4.38
.13
.83
.65
4.50
.17
.71
.52
4.64
.13
.74
.62
4.66
.15
.94
.68
4.87
.14
.49
.48
4.86
.10
1.01
.63
5.14
.10
.80
.76
5.09
.10
.85
1.11
4.75
.24
1.00
1.20
4.46
.28
.23
233. 41
167. 14
262. 30
14.91
rr 218. 28
165. 80
265. 10
16.34
8.28
14.47
265. 10
1.43
3.49
13.43
253. 50
1.22
3.14
13.14
239. 90
1.08
3.22
17.87
225. 49
1.47
2.88
13.59
212.49
1.35
2.63
13.59
201. 88
1.51
3.11
14.94
187. 26
1.41
1.84
10.12
177. 28
1.17
3.59
15.44
165. 28
1.27
31.43
14.69
177.92
1.51
106. 20
16. 69
263. 56
1.69
47.77
16.71
285. 85
2.24
1.88
470. 56
391.12
18.65
8.68
7.44
10.56
3.28
10.74
6.59
2.29
8.90
62.10
161. 94
58.10
mil Ib
1,324.6
do
52.1
$ per lb__
.610
1, 112. 0
32.3
.672
97.2
32.3
.674
112.3
35.1
.669
105.0
54.7
.672
111.8
76.2
.672
120.0
102.9
.672
129.1
151.2
.673
129.5
191. 6
.672
104.9
228.5
.672
86.2
233.2
.681
75.3
212.4
.677
84.6
200.5
.676
82.2
186.2
.675
92.4
' 168. 6
.686
1, 755. 5 r 1,855.5
«•!, 158. 3 ' 1,220.6
«• 153. 5
'98.4
152.3
101.1
143.7
95.4
160.7
106.7
170.5
119.1
187.3
131.1
192.0
137.4
172. 4
120.6
159.4
108.6
140.8
90.8
138.1
87.2
132.0
81.0
148.0
92.5
387,4
335.1
15.7
408.0
355.4
11.7
442.7
388.9
18.4
457.1
403.6
12.0
450.8
397.1
7.2
439. 5
386.1
7.6
419.7
370.0
8.5
401.8 ' 390. 3
354.3 ' 344. 0
13.9
'9.3
Rectified spirits and wines, production, total
mil. proof gal. _
Whisky
_ _
_ _
do
Wines and distilling materials:
Effervescent wines:
Production
mil. wine gal__
Taxable withdrawals
do _
Stocks, end of period _
do
Imports
do
Still wines:
Production
_
do
Taxable withdrawals
do
Stocks, end of period
do
Imports
_ _ _ _ _
do
Distilling materials produced at wineries—_do
33.40
7.42
6.58
DAIRY PRODUCTS
Butter, creamery:
Production (factory)
Stocks, cold storage, end of period
Price, wholesale, 92-score (N.Y.)
Cheese:
Production (factory), total. _ _
American, whole milk _
mil. Ib
do
Stocks, cold storage, end of period
do
American, whole milk
do
Imports
_
do
Price, wholesale, American, single daisies (Chicago)
f_
$ per lb__
r
Revised.
308.6
271.0
79.3
372.7
322.2
135.5
372.7
322.2
17.8
367.8
317.4
14.7
361.2
308.6
13.2
367.4
317.9
18.8
.450
.527
.530
.530
.520
.518
161.0
.673
366.4
323.6
.524
.518
.522
.518
.518
.518
.518
.518
.530
.529
§Dsita are n ot wholl y compa rable on a year 1 o year t asis bee luse of ehanges f rom one
SURVEY OF CURRENT BUSINESS
February 1968
Unless otherwise stated, statistics through 1966
and descriptive potes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966
Annual
1966
Dec.
S-27
1967
Jan.
Feb.
Mar.
Apr.
June
May
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS— Continued
Condensed and evaporated milk:
Production, case goods:
Condensed (sweetened)
mil. Ib
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of period:
Condensed (sweetened)
mil. Ib
Evaporated (unsweetened)
_ do
Exports:
Condensed (sweetened) .
do
Evaporated (unsweetened)
do.
Price, manufacturers' average selling:
Evaporated (unsweetened).
$ per case
Fluid milk:
Production on farms
mil. lb__
Utilization in mfd. dairy products
. _ do
Price, wholesale, U.S. average
$ per 100 lb._
Dry milk:
Production:
Dry whole milk
__
mil. lb_
Nonfat dry milk (human food) ...
do
Stocks, manufacturers', end of period:
Dry whole milk
do
Nonfat dry milk (human food)
do.
Exports:
Dry whole milk
...
_ _
do.
Nonfat dry milk (human food)
do ...
Price, manufacturers' average selling, nonfat dry
milk (human food)
$ per lb_.
95.9
1,693.0
128.6
1, 696. 1
9.5
108.2
4.6
2.9
4.0
105. 2 ' 102. 6 119.8
5.9
134.8
11.6
192.9
11.6
192.9
14.3
150.0
15.5
119.6
13.8
81.9
65.3
24.7
92.9
38.4
5.6
3.0
(i)
1.5
5.9
1.8
3.7
6.9
66
146.5 ' 167. 2
6.2
173.3
7.9
152.0
3.4
141.9
3.2
115.5
4.3
97.0
59
85 0
7.8
92.9
9.8
124.0
10.9
174.2
12.1
228.6
14.6
266.8
13.6
281.8
10.4
292.2
8.7
265.3
89
219 2
5.8
190.2
7.3
2.2
7.0
2.3
5.2
3.6
.1
3.2
(i)
1.4
(i)
2.3
(i)
2.5
10
25
6.0
2.6
7 06
7.06
6.09
6.73
7.06
7.05
7.05
7.05
7.05
7.05
7.05
7.05
7.05
7.06
7.06
124, 173
60, 202
4.23
120, 230
56, 398
4.81
9,511
4,286
5.28
9,855
4, 760
5.15
9,217
4,596
5.06
10, 510
5,185
4.95
10, 732
5,558
4.77
11,508
6,134
4.74
11, 146
6,379
4.68
10,311
5,599
4.80
9,757
4,984
4.98
9,173
4.173
5.20
9,209
4,137
5.32
88.6
1, 988. 5
94.4
1, 595. 1
5.6
125.1
6.7
135.2
6.7
129.6
8.0
145.7
8.8
173. 0
10.2
195.1
7.2
202.4
8.2
157.5
5.1
130.1
4.7
100.3
5.4
100 8
57
100 6
6.1
123 9
6.9
6.9
' 118. 2 ' 118. 2
6.8
118.7
7.0
111.7
7.2
99.6
88
115.7
10.9
137.9
9.4
157.6
10.2
162. 3
8.6
152,6
7.4
136.0
7 2
116 1
65
99 7
61
101 1
5.0
58.2
8,861 ' 9, 299 9,608
'3 875 4,198
5.24
5.36 '5.29
20.0
438.8
16.4
170.3
.8
4.1
1.2
9.4
1.6
14.4
1.6
10.7
.8
7.2
1.2
16.2
.9
32.1
.7
13.4
.8
7.4
.7
19.3
12
4 7
11
35
11
2.5
.147
.182
.201
.200
.199
.201
.199
.199
.199
.199
.198
.199
.200
.199
.198
1,385.6
1, 590. 3
90.5
82.7
100.9
87.6
86.5
91.7
98.7
106.1
121.8
105.5
152 5
121.2
2 392. 3
300.8
184.5
116.3
65.9
2 393. 2
' 294. 4 ' 294. 4
' 179. 1 ' 179. 1
' 115. 2 ' 115. 2
63.6
1.4
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats rye, wheat)... mil. bu._
Barley:
Production (crop estimate).
Stocks (domestic), end of period
On farms
Off farms
Exports, including malt§
Prices, wholesale (Minneapolis) :
No. 2, malting ...
No. 3, straight
do. _
do
___do.
do
... do
$ per bu
do
Corn:
Production (crop estimate, grain only) __ mil. bu_.
Grindings, wet process
_
do
Stocks (domestic), end of period, total mil. bu
On farms
. do.
Offfarms__
do
Exports, including meal and flour __ _ do
Prices, wholesale:
No. 3, yellow (Chicago)
$ per bu._
Weighted avg., 5 markets, all grades
do.
Oats:
Production (crop estimate)
mil. bu
Stocks (domestic), end of period, total. ...do. _
On farms
do
Offfarms...
do
Exports, including oatmeal
do
Price, wholesale, No. 2, white (Chicago)
$ per bu.
Rice:
Production (crop estimate)
mil. bags $
California mills:
Receipts, domestic, rough __ .
mil. Ib
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
of period
.
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 period
mil. lb._
Exports
do
Price, wholesale, Nato, No. 2~ (N.6.)
$ per lb__
Rye:
Production (crop estimate)
mil. bu.
Stocks (domestic), end of period
... do
Price, wholesale, No. 2 (Minneapolis)..! per bu._
Wheat:
Production (crop estimate) , total
Spring wheat.
Winter wheat
Distribution
Stocks (domestic), end of period, total
On farms. _ _ _
Offfarms.
_
.
mil. bu_.
do
do
do
do
do
do
101.3
3
29
40
370 2
302 6
182 8
119 8
3
1.33
1.27
1.35
1.33
1.36
1.34
1.35
1 34
1.32
1.31
1.33
1.32
1.32
1.31
1.35
1.33
1.33
1.31
1.32
1 29
1 31
1 30
1.26
I 26
1 26
1 26
1 25
1 24
1 20
1 20
2 4, 084
204.9
2 4, 117
203.6
15.1
16.2
15.1
17.6
16.7
18.1
18.2
16 1
18 6
18.4
19 2
17 1
r 15 Q
35.4
' 2, 715
' 2, 044
671
38.1
49.0
42 5
76 3
4 215
3 353
862
61 7
1.40
1.36
1.38
1.33
1.15
1 14
1.06
1 07
1.11
1 09
4,041
3,085
956
598.9
' 3, 677 ' 3, 677
' 2, 899 ' 2, 899
'779
'799
616.6
44.6
1.28
1.25
1.34
1.31
1.42
1.37
2927
762
660
103
2801
'662
'557
105
'662
'557
105
24.3
30.2
.2
.74
s.77
276.3
285.0
1,612
1,055
1, 536
920
154
58
' 207. 2
' 114. 9
92.2
3.1
.8
2.7
7.9
' 380. 0
' 230. 6
149.5
3.1
23
r
35.4
1, 743
' 1, 337
'406
31.7
34.0
28.0
36 8
'4g23
' 4 569
4254
46.4
1.36
1.32
1.37
1.33
1.28
1.26
1.22
1 19
1.19
1.19
'442
'354
88
1.35
1.33
4 71
.2
1.7
2.8
1.4
.9
.4
.79
.77
.77
.75
.74
.78
.74
.73
.74
74
179
197
147
119
163
122
138
134
180
206
104
58
144
122
202
153
165
145
352
41
43
.5
CO
(6)
1.10
1 09
.1
.6
74
80
3
81
89 6
59
62
207
317
317
260
248
239
202
120
135
113
118
70
9fiQ
977
f)KA
5,711
4,020
5,880
3,962
405
399
341
403
294
414
232
441
150
385
104
385
26
276
. 405
206
1,133
289
1,527
358
1,487
504
592
492
384
408
1,641
3 411
.083
1,758
2 978
!083
1,758
322
.085
1,611
472
.085
2,766
390
.085
1,163
461
.085
900
319
.085
616
324
.085
379
510
.085
450
223
.085
912
1,571
2, 064
.085
.085
2, 003
337
.085
233.2
28.8
1.15
227.8
'28.4
1.20
'28.4
1.25
1.20
1.19
24.3
1.23
1.21
1.22
418.7
1.17
1.23
1.17
'33.3
1.18
2 1, 316
2299
21,017
1,430
2 1, 312
2249
2 1, 062
1,559
997
18 2
3 732
647
544
104
'776
'640
' 136
4270
1 23
1 24
3 4 722
.8
.085
1.16
1.14
1,875
3 24 1
27 7
1.13
1.17
3 1 524
3312
392
1,336
1,049
1, 049
405
409
409
931
640
640
T
2
3
Revised.
i Less than
50,000 Ibs.
Crop estimate for the year.
December 1
4
estimate of 1967 crop.
Old crop only; new crop not reported until beginning of new crop
1.38
1.34
3.0
'4 121.8
' 4 57. 0
464.8
4.9
5.2
347
'700
'239
461
*ui
3 1 919 9
276
415
' 1 566
1 208
r 4 145
' 602
505
'4280
' •» AGO
y&o
704
956
704
year (July for barley, oats, rye, and wheat; Oct. for corn).
^ Average for 11 months.
s Less than 50,000 bushels.
§ Excludes pearl barley.
$ Bags of 100 Ib.
SURVEY OF CUEEENT BUSINESS
S-28
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966
Annual
February 1968
1967
1966
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Wheat— Continued
Exports total including
Wheat only .
flour
roil
bu
do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu_.
No. 2, hd. and dk. hd. winter (Kans. City) .do.. __
Weighted avg., 6 markets, all grades. _ _ do _ _
694.2
646.5
875.7
820.8
55.1
50.5
51.8
48.1
40.7
38.0
50.8
46.5
48.3
44.6
48.0
44.2
50.5
45.9
59.6
57.4
65.4
63.1
71.0
68.4
59.0
56.8
71.5
68.9
59.1
55.2
1.83
1.58
1.70
1.97
1.81
1.88
1.97
1.86
1.95
1.92
1.79
1.91
1.91
1.73
1.87
1.97
1.84
1.93
1.96
1.78
1.91
1.99
1.77
1.94
1.94
1.66
1.86
1.93
1.61
1.75
1.86
1.58
1.81
1.90
1.57
1.90
1.93
1.63
1.93
1.91
1.59
1.86
1.85
1.58
1.86
253,000
' 4, 571
567, 936
20,463
373
45, 716
20,332
372
45, 528
19, 074
346
42, 662
21,340
372
47,842
19,443
345
43,632
19, 951
365
44,463
20, 062
365
44, 724
18,945
335
41,851
21,994
398
48, 842
20, 729
382
47,094
4, 180
23, 540
4, 180
1,956
1,564
1,172
4,226
1,844
1,560
1,642
4,303
1,976
911
1,001
4,689
1, 118
921
1,115
6.365
5.994
6.325
5.883
6.250
5.700
6.175
5.633
6.263
5.850
6.263
5.790
6.275
5. 767
6.213
5.700
6. 275
5.800
6. 013
5.583
5.975
5.450
5.975
5.483
5.925
5.433
5,076
26, 614
14, 257
7,230
4,432
27,319
i 13, 133
8,056
366
2,257
1,042
705
372
2,365
1,142
514
313
2,105
840
355
400
2,338
943
459
316
2,185
891
388
300
2,425
1,013
406
285
2,423
958
326
271
2,238
955
397
332
2,461
1,108
612
348
2,330
1, 078
972
383
2,433
1,393
1,468
357
2,254
1,196
1,287
323
2,214
966
668
25. 81
22.50
27. 17
26.17
25.42
32.38
24.49
24.28
32.50
25.21
24.32
33.00
24.92
24.04
35.00
24.65
24.58
35.00
24.59
24.81
31.00
25.37
25.14
34.50
25.83
25.49
32.00
26.37
25.61
30.00
27. 18
25.53
31.00
27.59
24.79
31.00
26.95
24.91
31.00
26. 46
23.90
32.00
26.38
23.68
63, 708
15, 386
63,729
1 15, 175
6,215
1, 460
6,280
1,497
5,652
1,233
6,725
1,442
5,870
1,372
5,306
1,328
5,178
1,249
4,743
1,118
5,808
1,257
6,114
1,286
6,684
1,545
6,431
1,531
6,100
1,396
20.78
r 22. 61
19.10
18.77
18.81
18.05
17.23
21.31
21.05
21.12
19.94
19.09
18.06
17.22
16.79
17. 73
18.2
'18.5
14.7
14.8
14.9
14.0
13.5
17.4
16.7
17.7
18.4
17.1
17.2
17.5
16.1
16.9
11,710
3,450
2,157
11, 553
13,901
1,988
905
269
111
1,053
298
88
1,072
250
71
872
215
76
890
300
95
904
272
96
902
277
76
1,001
359
113
1,037
405
'223
1,007
451
300
899
323
150
869
248
92
24.29
25.00
22.00
22.50
21.25
21.25
22.75
29.25
26.75
24.75
24.00
22.50
22.25
22.50
22.00
28,336
29,290
2,647
2,732
2,419
2, 748
2,513
2,569
2,552
2,327
2,624
2,599
2,787
2,646
2,582
484
535
1,012
621
480
1,318
621
36
106
668
36
115
697
42
99
727
41
110
783
39
96
725
43
91
664
39
112
601
34
130
528
40
131
530
40
134
584
47
138
637
46
123
'644
36
120
15,995
269
46
718
16,709
317
32
895
1,418
317
3
73
1,488
334
3
82
1,324
325
3
63
1,466
313
3
67
1,378
303
3
61
1,524
300
3
56
1.514
288
3
77
1,381
276
3
97
1,495
255
3
99
1,422
252
2
101
1,490
258
3
101
1,384
278
3
88
1,381
'286
3
76
.433
••.442
.431
.437
.434
.419
.427
.442
.454
.460
.469
.486
.466
.460
.460
.464
576
12
581
17
46
17
55
15
52
15
56
15
44
16
43
17
43
15
43
13
48
11
50
11
49
13
45
15
45
15
15
11, 766
12,000
1,183
1,189
1,042
1,226
1,090
1,002
995
902
1,128
1,248
1,217
1,156
9,330
152
53
262
' 9, 662
234
55
298
955
234
6
25
959
256
5
23
845
290
7
27
996
331
6
32
890
386
5
24
798
336
4
25
799
293
3
32
724
239
2
26
878
199
3
24
918
203
4
21
1,009
250
7
23
987
279
5
23
944
286
5
32
.542
.532
.587
.569
.625
.497
.578
.512
.540
.506
.549
.467
.483
.458
.523
.556
.557
.554
.523
.594
.563
.553
.545
.545
.547
.502
.546
.465
.472
1,772
62
251
.153
r 1, 695
165
100
14
.133
167
116
18
,138
143
125
14
.136
166
132
9
.133
145
142
19
.135
148
128
13
.129
141
128
14
.124
129
118
20
.119
149
106
16
.125
152
107
13
.124
172
105
18
.120
168
'120
27
.113
Wheat flour:
Production:
250,384
Flour
thous sacks (100 Ib )
4,645
Offal
thous sh tons
564, 724
Grindings of wheat
thous bu
Stocks held by mill's, end of period
4,314
thous. sacks (100 lb.)_.
20, 464
Exports
do
Prices, wholesale:
Spring, standard patent (Minneapolis)
$ per 100 lb_. 5.784
5.464
Winter, hard, 95% patent (Kans. City) ..do
21, 925 '20,453
394
'378
49,645 '46,957
1.86
1.62
1.87
20,338
376
46,507
1,712
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
thous. animals..
Cattle
do
Receipts at 26 public 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, 111.) --do
Hogs:
Slaughter (federally inspected). __thous. animals..
Receipts at 26 public markets
do
Prices:
Wholesale, average, all grades (Chicago)
$ per 100 lb._
Hog- corn price ratio (bu. of corn equal in value
to 100 Ib. live hog)
_
Sheep and lambs:
Slaughter (federally inspected). ..thous. animals..
Receipts at 26 public markets
do
Shipments feeder to 8 corn-belt States
do
Price, wholesale, lambs, average (Chicago)
$ per 100 lb._
989
221
'67
26.68
23.89
23.00
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in) , inspected
slaughter
mil Ib
Stocks (excluding lard), cold storage, end of
period
. _
mil. Ib
Exports (meat and meat preparations)
do
Imports (meat and meat preparations)
do
Beef and veal:
Production, inspected slaughter
do
Stocks, cold storage, end of period
do
Exports. _ __
_
do
Imports _
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
_.$perlbLamb and mutton:
Production, inspected slaughter
mil Ib
Stocks, cold storage, end of period"
do
Pork (including lard), production, inspected
slaughter..,.,
_
__„
mil. lb._
Pork (excluding lard) :
Production, inspected slaughter
do
Stocks, cold storage, end of period
____do
Exports
do
Imports
do
Prices, wholesale:
Hams, smoked, composite
$ per Ib
Fresh loins, 8-12 Ib. average (New York) ._do-__~
Lard:
Production, inspected slaughter
mil Ib
Stocks, dry and cold storage end of period do
Exports
do
Price, wholesale, refined (Chicago)
$ per lb_.
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil Ib
7,998
Stocks, cold storage (frozen), end of period, total
315
mil. Ib..
Turkeys..........
do
200
Price, in Georgia producing area, live broilers
.145
$ per lb~
r
Revised,
1
Beginning 1966, data are for receipts at 28 market s.
100
158
.152
1,082
646
281
289
.515
154
150
8
8,786
790
682
551
624
622
733
791
771
992
942
1,007
897
730
436
267
436
267
437
275
409
254
351
207
321
176
296
149
308
160
368
221
486
332
603
441
725
554
608
431
'540
'367
524
359
.145
.110
.125
.140
.130
.125
.120
.125
.140
.120
.120
.110
.105
.105
.125
February 1968
S-29
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1956
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
| 1966
Dec.
Annual
1967
1966
Jan.
Mar.
Feb.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS—Continued
Eggs:
Production on farms
mil. cases O
Stocks , cold storage , end of period :
Shell
thous cases G
Frozen
___
mil. lb_.
Price, wholesale, extras, large (delivered; Chicago)
$perdoz._
182.5
184.6
16.2
17.0
16.7
17.0
16.2
16.4
16.1
15.6
16.2
15.8
16.5
16.6
85
51
27
36
27
36
64
37
55
41
41
44
120
55
265
71
427
85
391
93
315
99
283
100
239
98
150
96
'86
'89
75
85
.328
.401
.399
.343
.311
.322
.265
.258
.251
.324
.288
.320
.283
.298
.315
.310
Cocoa (cacao) beans:
Imports (incl shells)
thous Ic tons
Price, wholesale, Accra (New York)
$ per lb._
354.4
.172
319.3
.246
26.8
.249
49.8
.266
50.9
.305
39.8
.290
21.6
.274
10.8
.276
18.9
.278
16.5
.269
9.2
.279
8.9
.303
12.4
.291
17.8
.316
26.1
.310
.320
Coffee (green) :
Inventories (roasters', importers', dealers'), end
of period
thous bagscf
Roastings (green weight)
do
3,143
21, 680
3,141
21, 300
3,141
5,425
Imports, total. ...
do
From Brazil
do
Price, wholesale, Santos, No. 4 (N.Y.)..$ per lb._
Confectionery, manufacturers' sales
..mil. $..
21,290
5,742
.451
1,428
'22,056
6,726
.414
' 1, 534
1,664
471
.398
138
1,979
560
.395
1,618
359
.388
143
2,092
412
.388
1,717
362
.385
106
1,722
183
.388
115
1, 647
468
.395
111
2,126
627
.388
86
1,818
620
.380
122
1,599
476
.380
191
2,103
778
.375
167
1,845
637
.375
166
1,424
316
.373
134
.378
230
271
271
253
224
204
190
183
184
226
240
247
238
248
'253
228
472
'389
'389
685
1,640
2,890
3,390
3,190
2, 730
2,369
2,151
1, 666
1, 191
641
366
350
4,152
5,796
1,966
4,045
6,250
1,911
899
250
•7
561
2,074
170
216
246
143
110
233
184
10
158
156
144
214
198
123
481
146
48
479
102
60
760
286
92
538
205
670
542
152
1,090
327
117
339
99
do
do
do_..-
10, 151
10, 020
10, 444
10,299
2, 598
889
873
2,598
674
658
2,832
683
673
2,734
873
859
2,614
824
788
2,501
880
842
2,379
1,053
1,022
2,130
891
875
1,869
1,048
1,017
1,428
1,052
1,027
1,149
' 862
840
1,418
..sh. tons..
2,359
3,006
88
40
89
91
57
68
197
58
117
587
32
106
27
thous. sh. tons..
do
do
3,783
1,055
82
4,198
1,039
38
289
16
5
225
64
5
295
45
10
406
100
4
421
154
3
281
54
4
466
132
5
500
143
3
449
70
1
444
103
3
324
49
7
282
29
1
434
138
51
.068
.070
.071
.071
.072
.072
.072
.073
.074
.073
.073
.073
.074
.074
.073
.629
.099
.629
.099
.627
.099
.631
.099
.623
.099
.620
.099
.620
.099
.615
.100
.617
.100
9,931
8,196
10, 144
13,857
16.4
15.0
MISCELLANEOUS FOOD PRODUCTS
Fish:
Stocks, cold storage, end of period
mil. lb._
Sugar:
Cuban stocks, raw, end of period
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
D eli veries , tota 19
For domestic consumption
Stocks, raw and ref., end of period
Exports, raw and refined
Imports:
Raw sugar, total 9
From the Philippines
Refined sugar total
Prices (New York):
Raw, wholesale
$ per lb._
R eflned:
Retail (incl. N.E. New Jersey) ..$ per 5 lb_.
Wholesale (excl. excise tax)
$ per lb_.
Tea , Imports
2,414
5,592
2,702
4,816
2,457
5,226
2,874
5,657
829
818
'2,217 i>2,861
.595
.620
.096
.636
.099
.633
.099
.630
.099
thous. Ib.. 130,358
132, 996
10,545
12, 461
11, 633
14,419
14, 518
12,663
12, 378
10,476
11,907
264.3
118.6
259.8
119.3
260.1
118.8
270.5
119.2
249.9
125.9
283.6
125.6
275.9
149.0
221.5
135.8
281.3
123.8
276.0
127.6
284.7 '294.2
126.0 ' 123. 4
267.6
139.2
259.8
83.4
238.0
76.0
240.8
89.4
254.1
81.9
244.5
97.9
251.0
87.8
255. 6
84.7
230.3
84.5
255.8
93.0
251.8
81.3
238.2 ' 229. 5
'80.9
70.0
231.6
92.9
192.9
53.2
202.3
49.5
174. 7
194.9
65.3
160.5
68.2
171.0
57.9
173.6
59.7
139.4
61.9
176.8
61.4
168.2
57.9
186.6
61.3
' 176. 8
'53.3
189.3
59.9
.273
.273
.256
.256
.256
.256
.256
.256
.256
.256
.256
.256
51.3
43.9
78.4
50.3
44.9
83.6
57.2
46.3
80.8
49.8
45.0
83.5
41.5
40.4
80.5
44.9
55.4
72.8
43.8
45.1
70.2
42.9
40.3
72.8
'45.7
'44.4
'69.7
44.9
39.4
73.3
419.8
205.6
501.2
393.7
202.1
497. 2
403.8
211.1
481.8
419.1
220.4
432.4
364.1
173.6
397.4
405.8
210.8
394.2
373.5
200.7
408.8
387.1 ' 395. 7
194.4 ' 192. 2
434.6 ' 441. 9
386.2
185.4
425.5
.8
5.7
135.5
3.2
6.9
145.5
9.1
6.2
165.9
20.1
6.6
165.6
21.4
6.0
167.7
21.9
6.6
165. 0
13.0
5.7
160.4
11.6
9.0
5.7
5.7
165.1 ' 168. 1
11.6
5.8
174.1
45.0
65.0
191. 6
20.2
52.4
68.3
184.3
24.3
(<*)
49.0
52.0
145.9
25.8
00
53.4
63.5
114.0
24.1
(<J)
49.6
69.5
107.8
18.5
44.5
62.9
107.7
34.2
37.3 '35.5
42.7
54.4
68.4 '61.4
94.5 ' 100. 5
35.2
31.4
34.6
35.5
52.4
133.3
16.2
Baking or frying fats (incl. shortening):
Production
mil Ib
2, 792. 5 3, 189. 5
Stocks end of period©
do
118. 6
116.6
Salad or cooking oils:
Production
do
2, 773. 1 2, 946. 8
83.4
Stocks end of period©
do
85.9
Margarine:
Production
_
do
1,904.4 2, 109. 7
53.2
Stocks, end of period©
do
41.6
Price, wholesale (colored; mfr. to wholesaler or
.266
large retailer; delivered)
$ per lb-_
.261
.074
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats:A
Tallow, edible:
53.4
51.0
566.7
51.0
Production (quantities rendered)
mil. lb-_ 530.1
44.4
516.1
35.3
Consumption in end products
'...
do
416.8
40.6
75.1
50.9
63.0
Stocks, end of period f
do
50.9
31.1
Tallow and grease (except wool), inedible:
408.5 387.9
Production (quantities rendered)
_ _ _ _ - _ d o - _ _ _ 4, 302. 5 4, 466. 9
191.3
2, 210. 5 2, 439. 6
210.5
Consumption in end products
_
do
207. 9
471.9
447.4
507.7
447.4
Stocks, end of period if
do
413.8
Fish and marine mammal oils:
.5
164.1
1.9
Production
_
do
190.2
7.1
5.6
72.1
79.3
6.1
5.8
154.4
158.5
153.0
158.5
Stocks, end of periodl.
do__.
185.3
Vegetable oils and related products:
Coconut oil:
(rf)
358.5
365.4
Production: Crude
mil. lb_.
(<*)
44.9
569.6
52.4
41.9
488.1
Refined _
_do ,
56.4
783.4
65.9
60.0
723.5
Consumption in end products. . _ _ _
do
206.8
194. 5
Stocks, crude and ref., end of period IT
do. . .
154.4
79.6
Imports
do
383.6 ~~~498.~2 ~"~9.~3~ 196.8
Corn oil:
33.7
445.9
446.6
34.1
34.3
Production: Crude
do
30.3
397.6
33.6
34.0
412.8
Refined
do
32.5
388.0
34.2
422.9
34.0
Consumption in end products
do
47.0
45.8
53.5
Stocks, crude and ref., end of period^
do. . .
53.5
26.1
r
Revised.
* Preliminary.
<* Data withheld to avoid disclosure of operations of
individual firms. OCases of 30 dozen. cf Bags of 132.276 Ib.
§ Monthly data reflect
cumulative revisions for prior periods.
9 Includes data not shown separately; see also
(<*)
41.3
62.7
187.7
18.4
39.1
33.9
38.2
40.2
37.7
40.4
38.5
33.2
35.8
33.2
33.7
36.8
38.8
34/8
34.9
35.7
30.0
40.0
38.2
31.0
35.1
48.7
45.6
46. 8
49.2
44.9
49.5
50.0
note "§".
AFor data on lard, see p. S-28.
©Producers'
tory and warehouse stocks.
38.9
35.5 '33.5
35.1
39.7 '32.7
35.5
40.1 '34.2
38.9
43.0 '41.3
and warehouse stocks.
IfFac-
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
| 1966
Annual
1966
Dec.
February 1968
1967
Jan.
Feb.
Mar.
Apr.
May
June,
1968
July
Aug.
Oct.
Sept.
Nov.
Dec.
Jan.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS- Continued
Vegetable oils and related products— Continued
Cottonseed cake and meal:
2,756. 3
Production
thous sh tons
Stocks (at oil mills) , end of period.
do. _ . . 80.9
Cottonseed oil:
1,974.2
Production* Crude
mil. Ib
1, 668. 8
Refined
_do._
1, 471. 7
Consumption in end products _ __
do
Stocks, crude and refined (factory and ware300.1
house) , end of period __
_
mil. Ib _
501.3
Exports (crude and refined)
do
3 .149
Price, wholesale (drums; N.Y.)
$ per Ib
Linseed oil:
Production crude (raw)
mil. Ib
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) , end of period
mil. Ib
Price, wholesale (Minneapolis)
$ per lb_
Soybean cake and meal:
Production
thous sh tons
Stocks (at oil mills) , end of period
do
Soybean oil:
Production' Crude
mil. Ib
Refined
-do_ _
Consumption in end products _
do
Stocks, crude and refined (factory and warehouse) , end of period
,mil. Ib _
Exports (crude and refined)
do
Price wholesale (refined; N.Y.)
$ per Ib _
2, 381. 4
94.2
249 2
94.2
237.6
111.6
179.1
126.1
184.0
148.1
106.8
166.9
63 3
160. 9
67 5
157.8
44.2
148.4
65.9
133.2
49 1
104.9
143 5
121.6
1, 674. 6
1, 506. 4
1, 258. 1
175.1
162.4
95.1
168.0
128.7
82.5
126.6
117.1
86.3
128.7
122.8
86.9
73.9
108.5
90.5
43.5
87.5
91.9
49 6
72.6
78.3
30.2
42.6
73.4
45.4
47.7
80.6
33.5
32.9
74.7
100.2
55. 1
79.4
381.8
184.0
.178
381.8
5.2
.165
434.9
3.7
.151
476.9
4.6
.158
514.0
8.7
.158
476.9
25.4
.158
416.7
11.6
.158
364.7
2.0
.160
298.3
6.2
.150
246.0
2.6
.152
207.0
3.0
.154
198.7
5.6
.150
410.1
227.2
454.2
234.7
30.1
15.8
33.3
19.1
29.7
19.3
31.3
19.1
30.2
20.2
32.5
22.5
35.4
19.6
7.2
16.9
32 9
18.1
37.8
16.9
35.3
15.6
213.5
.134
208.4
.128
208.4
.128
205.9
.128
204.9
.128
206.5
.128
204.7
.128
211.8
.128
199.2
.128
184.1
.128
185.4
.128
187.4
.127
196.6
.132
1,022.3 1,083.7 1, 080. 9 1,107 6 1, 103. 6
86.3
111.0
146.1
122.1
111.7
1,061.7
141.3
11,179.1 12, 614. 4
75.4
120.0
1,133.1 1,157.6
134.1
120. 0
1 029 5 972.9
102 3 109.6
r
229 0
137.1
200 6
147.4
167 1
111. 6
87.4
141 2
122.6
85.1
228. 6
4.7
250.5
3.4
35 9
13.9
23 0
12.4
222. 6
.132
225.6
r
r
T
T
1,136.9 1 180.1 1, 131. 1
151.6
177.9
165.5
5, 235. 5 5, 811. 2
4, 547. 3 5, 152. 0
4,437.6 5,210.2
512.3
465.3
465.7
529.0
460.4
452.2
468.8
410.4
418.7
496.8
446.0
455.6
502.8
387.4
404.4
514.7
424.8
436.8
513.5
450.3
450.6
494.1
377.0
373.2
480 1
432.7
443.7
459.5
398.2
450.1
515.1
515. 7
428.2 r 414. 8
448.5 ' 436. 2
510.9
684.8
.140
510.9
97.8
.131
566.1
24.3
.127
581.6
45.7
.127
535.8
120.2
.128
600.4
41.0
.127
633.7
66.5
.127
591.0
131.0
.122
632.2
86.2
.114
687.5
43 1
122
595. 0
118.0
.115
571.3
79.1
.111
53, 273
15, 305
48, 091
14, 828
4 880
39, 444
19, 089
31,425
14, 899
43, 458
19, 985
4 995
59, 439
16, 876
50,656
20, 487
66,834
17, 520
68, 822
13, 892
3,972
44, 084
572
2,059
4,321
48, 101
639
1,943
5,262
48, 123
529
2,396
4,141
41, 376
485
2,270
3,495
51, 658
648
1,917
3,894
43, 835
605
1,811
3,870
46, 653
709
1,680
4,148
42, 529
609
1,824
3.902
36, 593
441
2,049
8,801
15, 404 13, 169 11, 300 12,546
230
264
351
198
265
1 324 1 103 1 154 1 090
757
8,593
174
735
8,640
138
842
8,700
160
912
8,873
221
931
10,783
233
1,131
8,476
217
837
4,500
3,174
391
374.8
1, 026. 7
.134
TOBACCO
Leaf:
1
1, 855
Production (crop estimate)
mil. Ib
Stocks, dealers' and manufacturers' end of period
5 582
mil Ib
Exports, incl scrap and stems
thous. lb__ 468, 075
182, 558
Imports incl scrap and stems
do
5 353
551, 162
179, 336
5 353
72, 308
13, 129
36,930
14, 907
34, 791
16, 680
5 339
39, 111
13, 488
Manufactured:
Consumption (withdrawals) :
Cigarettes (small):
Tax-exempt
_ __ .
Taxable
Cigars (large) , taxable
Exports, cigarettes
46, 112
522, 532
7,076
23, 453
3,549
38, 079
424
1,573
3,406
41, 319
537
1,769
3,967
39,936
477
1,731
4,593
43, 591
592
2,202
_ .millions. _ 44, 236
do _ 511, 463
7,578
__do__ _
millions. . 23, 052
r
570. 1
114.3
.109
* 1, 888
502.6
438.4
430.2
653.7
40.1
2 2, 007
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9
thous. $
Calf and kip skins
thous skins
Cattle hides
thous hides
106, 253
2 458
13 311
155, 623
2,582
14 307
80 263
31 850
14 411
88, 995
36 998
10 331
4 647
1 656
364
$ per Ib
do
541
143
601
.177
550
129
500
134
LEATHER
Production:
Calf and whole kip
thous skins
Cattle hide and side kip
thous hides and kips
Goat and kid
thous. skins
Sheep and lamb
do
6 263
23 436
14', 557
30, 316
4 720
23 830
13] 372
29 302
341
1 921
909
1 960
Exports:
Upper and lining leather
thous. sq. ft
69,953
65 704
Prices, wholesale, f.o.b. tannery:
Sole bends light
index 1957-59—100
Upper, chrome calf, B and C grades
index 1957-59—100
101 9
Imports:
Value total 9
Sheep and lamb skins
Goat and kid skins
thous $
thous pieces
do
Prices, wholesale, f.o.b. shipping point:
Calfskins packer heavy 9H/15 Ib
Hides steer heavy native over 53 Ib
LEATHER MANUFACTURES
Shoes and slippers:
Production total
thous pairs
Shoes, sandals, and play shoes, except athletic %
thous pairs
S Upper s|
do
Athletic
do
Other footwear
do
Exports
do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
index 1957-59—100
Women's oxfords, elk side upper, Goodyear
welt
index 1957-59—100
Women's pumps, low-medium quality do
r
1
2
3
Revised.
Crop estimate for the year.
December 1 estimate of 1967 crop.
Average for 11 months.
10, 787 12, 608
175
180
1 210 1,171
6 200
3 857
576
6 300
4 079
457
5 200
3 846
721
5 400
3 194
'531
5 300
2 925
740
4,100
2,503
'558
4 500
2 833
510
4,200
3 460
479
4,400
1,804
488
575
129
500
129
450
125
450
.119
450
130
400
125
.400
.110
410
.125
430
.105
.460
.108
299
1 912
907
2,012
332
1 924
742
2,153
349
2 085
841
2 251
320
1 895
'752
2 201
379
2 050
777
2 459
340
1 983
'769
2 402
226
1 461
485
1 808
370
2 059
624
2,778
294
1 392
'663
2 557
374
2 102
757
2,607
378
2,070
781
2,748
4 796
5 511
4 869
6 192
3,691
5,565
8 933
4 415
5,631
7,260
6,301
6,883
3 114 5
103 2
103 2
107 4
106 0
104 6
101 1
98 2
95 4
95 4
91 2
90 5
90.5
99 5
105 5
103 2
103 2
101 6
99 2
98 3
98 3
95 3
88 1
88 1
83 5
84 2
85 8
629 095
646 897
49 034
52 534
49 890
53 812
46 30°
48 744
49 024
40 932
58 249
50 545 '53 858
51 641
40 356
9 445
555
189
r
5 500
5 600
1 859 2 510
865
*793
531 914
87, 359
6 828
2 994
536 583
100, 633
6 576
2 838
41 930
6 311
543
250
45 571
6 158
577
228
42 463
6,723
532
172
2 533
2 737
182
157
174
6,520
43 175 41 386
' 9,
882 9,469
r
609
618
r
183
177
44 665 38 466
8 351 7 088
585
634
169
163
39 552
8 364
613
215
39 777
8 504
583
160
34 027
6 444
342
118
47 314
10, 121
611
203
237
164
162
191
162
207
212
179
207
111 0
120 9
123 5
123 5
123 5
123 5
121 5
121 5
121 5
121 5
121 5
122 0
124 5
124 5
107 3
113 0
111 0
121 2
111 4
122 4
111 4
122 9
111 4
124 5
111 4
124 7
113" 7
124 7
113 7
124 4
113 7
125 2
113 7
124 9
113 7
123 9
113 7
125 5
113 7
129 5
113 7
129 6
167
9 Includes data for items not shown separately.
^Revisions for 1966 (thous. pairs): Shoes, sandals, etc., June, 44,962; July, 38,471; Oct.,
43,372; slippers, June, 8,901; July, 6,560; Oct., 10,665.
SURVEY OF CURRENT BUSINESS
February 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966
1966
1967
Dec.
Annual
S-31
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
LUMBER AND PRODUCTS
LUMBER— ALL TYPES
National Forest Products Association:
Production total
mil. bd. ft
Hardwoods
- do
Softwoods
_ _ _ _ _ _ _ _
do_ -
36, 626
7,467
29, 159
36, 433
7,563
28, 870
2,526
529
1,998
2 356
554
1 982
2 671
560
2 111
3 161
610
2 551
2,900
648
2,252
3 039
628
2,411
2,976
621
2,355
2,654
578
2,076
3,124
594
2,530
2 970
605
2,365
3 066
613
2,453
2 864
*564
2 300
2 549
513
2 036
_.dO- __
do
do __
37, 663
8, 232
29, 431
36, 662
8,075
28, 587
2,591
598
1,993
2 577
650
1 927
2 736
615
2 121
3 112
678
2 434
2,954
623
2,331
2,987
571
2,416
2,961
563
2,398
2,773
529
2,244
3,137
581
2,556
3,043
613
2,430
3,025
605
2,425
2 853
611
2 242
2 700
603
2 097
Stocks (gross) , mill, end of period, total
do
Hardwoods
_ _ _ _ _ _
_ _ d o _.
Softwoods
do
5,704
1,156
4 548
5, 775
1,127
4,648
5,775
1,127
4,648
5,810
1 106
4 704
5,880
1 125
4 755
5,931
1 127
4 804
5,935
1,186
4,749
5,968
1,215
4,753
6,013
1,300
4,713
5,909
1,374
4,535
5,902
1,399
4,503
5,857
1, 414
4,443
5,872
1, 441
4 431
5,907
1 426
4 481
5,810
1 391
4 419
_ __ _ _do _ _ _
do -
962
5 163
1,009
5,120
70
307
76
300
67
339
87
502
95
419
98
432
131
496
89
418
100
598
90
431
103
415
82
380
95
256
SOFTWOODS
Douglas fir:
Orders new
mil. bd. ft
Orders, unfilled, end of period . _ _ _ _ _ do__ _
8,950
621
8,480
486
700
486
678
568
603
602
668
600
657
589
677
562
704
567
644
606
708
597
595
528
624
502
660
505
693
580
8,913
8,936
1 054
8, 601
8,615
1 026
551
617
1 026
613
596
1 057-
612
568
1 101
739
670
1,170
670
668
1 185
729
704
1,210
656
699
1 167
539
605
1,084
716
716
1,084
634
665
],053
683
649
1 045
662
658
1 049
574
618
1 006
445
111
334
401
110
290
22
4
17
34
10
24
27
8
19
31
9
22
35
10
25
37
9
28
48
18
30
27
7
21
30
4
26
32
11
21
32
9
23
24
9
15
32
10
22
Shipments, total
Hardwoods
Softwoods
_ ___
__
_
__-
Exports, total sawmill products
Imports, total sawmill products _
Production
_
Shipments
_
_ _ _
Stocks (gross) , mill, end of period
__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.
S p e r M b d . ft__
Flooring, C and better, F. Q., 1" x 4", R. L.
$ p e r M b d . ft._
82.16
85.62
79.96
83. 94
80.91
84.06
82.96
82.40
83.24
82.82
86.09
90.71
89.63
89.20
156. 85
165. 87
169. 69
169. 11
170. 31
171. 47
171. 47
172. 63
172. 05
170. 86
170. 86
169. 30
168.63
167. 96
6 988
366
6 419
274
433
274
487
ogg
524
310
582
294
540
291
566
292
575
294
519
283
637
316
589
315
599
294
572
277
527
307
Production
_ do
6,628
Shipments
_ __ _
_
do _ _
6,903
Stocks (gross) , mill and concentration yards, end
of period
mil bd ft
1 087
Exports, total sawmill products
M bd. f t _ _ 100,581
Prices, wholesale, (indexes):
Boards, No. 2 and better, I" x 6", R. L.
1957-59= 100. _
94.3
Flooring, B and better, F. G., 1" x 4", S. L.
1957-59=100..
97.1
6,654
6,511
507
436
514
473
510
502
605
598
526
543
588
565
583
573
517
530
586
604
584
590
592
620
610
589
536
497
1 230
99, 202
1 230
7, 855
1 271
6,566
1 279
7,042
1,286
8,329
1 269
6,425
1 292
8,502
1 302 1 289
7,026
5,989
1 271
6,496
1 265
6,220
1 237
8,795
1 258
8,817
1 297
7,229
Southern pine:
Orders, new
Orders, unfilled, end of period
mil. bd. ft
_ __do
Western pine:
Orders new
Orders, unfilled, end of period
mil bd ft
do
Production
_ _
__
_ ___
__.do
Shipments
do
Stocks (gross) , mill, end of period. . _ _ _ do
Price, wholesale, Ponderosa, boards/No. 3, I" x
11", R. L. (6' and over)_._
$ per M bd. f t _ _
105.1
102.4
101.0
101.0
101.6
101.4
102.2
103.1
103.6
103.7
105.0
105.2
106.5
106.2
107.2
106.2
105.8
105.8
105.8
105.1
105.1
105. 2
105.6
106.4
106.7
107.2
10 445
535
10 295
427
773
427
73°
476
865
501
904
503
871
511
884
507
845
495
920
525
955
510
898
479
904
484
793
504
835
557
10, 296
10, 373
1,732
10, 337
10, 403
1,666
746
747
1,666
652
683
1 635
770
841
1 564
947
902
1,609
820
863
1,566
847
888
1,526
862
857
1 531
824
890
1 465
973
970
1,468
911
929
1 450
923
899
1 474
795
773
1 496
731
782
1 445
67.42
69.39
64.01
65.88
66.40
69.55
73.32
74.16
73.87
73.83
73.12
73.18
74.39
73.73
31.2
11.1
29.0
30.2
3.1
31.2
16.3
25.1
26.7
1.8
18
16.3
21
2.0
1.8
17
16.2
19
1.9
1.9
22
16.7
18
1.8
2.0
30
17.5
2 2
2.1
2.2
3.1
18.0
2.1
2.2
2.2
2 3
17.2
2 5
2 4
2.3
2.6
17.4
2 4
2.4
2.3
22
17.4
24
2 0
25
2.2
17.0
29
2.9
2.9
12
16.4
2 5
2.1
3.3
21
16.6
2 4
25
30
18
15.8
27
24
35
17
15.4
2 5
18
4.4
818.4
64.3
778.7
783 3
35.4
618. 1
26.0
685.6
654.4
58.3
40.2
26.0
41.6
38 4
58.3
45.9
26.7
44.0
45 2
57.1
48.3
31.7
42.4
43 0
56.4
61.1
39 4
51.6
53 4
53 9
39.4
34.8
46.4
44 0
55.9
43.1
31 8
49 9
46 5
60 3
45.3
28 4
47 2
47 9
61 4
42 2
28 7
38 6
41 9
58 0
61.1
33 8
52 0
56 1
54 0
43.2
28 0
47 4
49 0
52 3
41.1
23 9
49 3
45 8
54 7
40
21
45
42
58
0
9
4
1
1
36.1
20 1
37 1
37 3
57 9
n\
103
716
118
657
5
106
779
(i\
610
(i\
128
451
(i)
127
353
(i)
999
21
57
1 308
28
71
1 013
28
78
26 55
26.00
27. 48
27.50
HARDWOOD FLOORING
Maple, beech, and birch:
:
Orders, new
_
mil. bd. ft
Orders, unfilled, end of period-.do__.
Production
do.Shipments
_ _ _ _ _ _ _
_ _ _ do.-_
Stocks (gross) , mill, end of period. . _
do
Oak:
Orders, new
_ _ _ _ _ _ _ _ __ _ _ _ _ _ _ do
Orders, unfilled, end of period
_
-do
Production
_ _ _ _ _ _ _
__
do
Shipments
do
Stocks (gross), mill, end of period
_ do __
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products...
_ thous. sh. tons
Scrap
do
Pig iron..
__ _
' _
_
do
2,496
6 170
28
1,724
5 857
12
184
472
3
205
491
(i)
190
544
(i)
162
776
(i)
160
641
1
137
805
1
122
811
m
10 383
235
916
10 753
464
1 252
770
43
782
31
44
744
12
46
882
24
37
828
16
41
1 030
26
63
963
27
41
965
22
49
985
22
g9
956
29
22
55, 213
35 320
90 359
7,638
55, 463
36 606
91, 584
8,193
4,480
2,792
7,112
8,193
4,466
2 702
7 254
8 102
4,142
2 462
6 904
7 798
4,610
2 909
7 492
7 826
4,323
3 150
7 062
7 835
4,451
3 259
7 290
7 770
4,198
3 119
6 784
7 854
3,803
2 674
6 058
7' 861
4,351
3 058
7 009
7 871
4,293
3 070
6 937
7 840
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
_ _ $ per Ig. ton
33.36
Pittsburgh district
_ _ _ do_ ..
35.00
r
Revised.
* Preliminary.
i Less than 500 tons.
29.95
31.00
27.88
27.00
27.50
27 38
27.00
28 53
27.00
26 98
26.50
26 79
26.00
27 23
26.00
27 18
26.00
27 59
27. 00
28 28
27.00
Imports:
Steel mill products
Scrap__ _
_
Pig iron _
do
do
do
_
129
Iron and Steel Scrap
Production
Receipts. _ _
Consumption
Stocks, consumers', end of period
thous. sh. tons
do
do
do
Jan.
SURVEY OF CUEEENT BUSINESS
S-32
1965
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
Annual
1967
1966
Dec.
February 1968
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
METALS AND MANUFACTURES—Continued
IRON AND STEEL—Continued
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous. Ig. tons
Shipments from mines
do
Imports
do
87, 420
i 85, 331
45, 105
90, 704
90, 583
46, 259
5,085
2,845
2,811
4,773
1,869
2,864
4,576
1,772
2,049
5,049
1,778
1,712
6,277
5,494
2,629
9,039
11,119
4,582
9,419
10, 998
5,273
9,526
11, 373
4,204
9,697
10, 631
5,377
8,875
9,816
3,500
7,367
8,714
4,946
4,766
6,502
4,377
3,328
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
...do .._. 121, 964
Consumption at iron and steel plants
do
125, 143
Exports
do
7,085
128, 225
127, 694
7,779
6,691
10, 275
367
3,400
10, 203
252
3,391
9,370
366
3, 753
10, 479
346
6,988
9,816
736
14,349
10, 015
626
15, 240
8,853
585
15, 037
9,222
739
14,373
9,456
337
12, 627
9,562
524
12, 631
10, 307
674
10, 651
10, 479
417
6,995
11,220
342
do
do
do
do
69, 158
12,667
53, 997
2,494
70, 038
12,673
54, 658
2,707
70, 038
12, 673
54, 658
2,707
66, 280
15, 793
47,843
2,644
63, 055
18, 637
41, 864
2,554
59, 349
21, 908
35, 138
2,303
57,141
22,515
32, 311
2,315
59, 242
20,435
36, 645
2,162
64,069
18, 856
43,032
2,181
68, 203
17, 042
48,847
2,314
72,375
16, 103
53. 764
2,508
74, 727
15, 162
56,829
2,736
75, 903
13, 815
59, 153
2,935
73, 804
11, 470
59, 325
3,009
55, 121
2,987
do
1,272
1,293
97
124
134
112
60
61
85
60
69
121
66
96
97
7,350
7,293
7,374
7,355
6,804
6,853
7,587
7,555
7,215
7,117
7,321
7,288
6,639
6,605
6,696
6,678
6,951
7,102
7,055
7,198
7,530
7,626
8,182
2,962
3,036
2,995
3,066
3,161
3,224
3,299
3,354
3,204
3,068
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63. 00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
962
1,214
669
940
1,220
636
945
1,113
606
927
1,246
675
896
1,180
653
919
1, 262
698
896
1,256
709
882
934
581
896
1,240
747
'909
897
1,169 ' 1, 235
'742
703
851
1,261
715
182
89
56
161
90
54
147
85
54
140
95
60
134
81
48
133
93
55
131
88
53
132
64
41
137
85
51
132
89
51
122
95
49
121
89
51
134,101
138.1
10, 435
126.5
10,632
128.9
10, 041
134.8
10, 963
132.9
10, 349
129.6
10, 577
128.2
9,576
119.9
9,620
116.6
10, 300
124.8
10,438
130.7
11, 171
135.4
11,299
141.5
590
2,155
1,792
590
179
148
557
171
145
510
165
139
454
189
159
404
162
136
373
165
139
342
168
142
328
124
105
317
138
113
319
138
116
303
143
118
299
146
120
89, 995
6,846
7,292
6,531
7,562
6,763
7,247
7,029
6,221
7,169
6,700
7,181
7,310
7,003
4,528
6,798
9,764
1,523
3,806
6,764
9,103
1,776
364
543
667
144
348
534
701
137
360
508
668
144
403
591
784
169
326
536
665
154
316
538
667
147
291
481
660
125
264
448
574
95
327
492
645
98
329
494
597
78
363
511
640
94
371
518
691
88
376
493
680
109
14, 488
9,344
3, 150
1,877
8,689
3,484
6,659
36, 733
10, 630
16, 571
14, 523
9,126
3,276
1,999
9,233
3,495
5,828
35, 468
10, 137
15, 972
1,148
746
235
157
587
241
427
2,724
781
1,240
1,142
741
219
170
801
247
555
2,827
799
1,299
1,059
673
215
160
557
249
510
2,476
710
1,089
1,212
755
268
177
705
288
638
2,772
794
1,208
1,069
650
267
143
722
270
589
2,432
686
1,085
1, 106
662
279
156
897
275
564
2,737
796
1,238
1,093
637
297
149
908
280
601
2,590
773
1,111
958
560
278
113
736
229
541
2,377
695
1, 067
1,124
663
312
142
820
276
596
2,790
793
1,267
1,024
617
288
112
718
267
685
2,508
726
1,121
1,108
650
311
137
710
270
560
2,924
841
1,301
1,136
702
281
144
725
253
333
3,196
885
1,508
1,044
672
236
128
662
225
427
2,986
823
1,435
do
do
do
do
i 16, 369 i 16, 400
i 11,836 111,862
i 5, 018 14,969
i 20, 123 1 17, 984
3,881
2,505
1,113
4,642
3,842
2,650
1,089
3,928
3,706
3 161
1,197
3,793
3, 475
2,876
1,133
4,029
2 1, 285
2931
2419
21,499
Rail transportation
do
Machinery, industrial equip., tools
do
Containers, packaging, ship, materials.. .do
Other
do
i 3, 805 14,332
i 5, 873 i 5, 747
i 7, 331 i 6, 597
i 22, 311 i 22, 104
1,016
1,383
1,426
5, 612
995
1,357
1,829
5,677
899
1,221
1 952
5,109
634
1,103
1,956
4,885
2233
2226
2454
2400
2400
2619
2 1, 803 21,893 2
10.1
65,1
67.9
10.1
5.0
5.3
10.1
5.3
5.3
4.5
5.4
5.4
5.5
5.3
5.3
5.7
5.6
5.3
5.2
8.5
7.9
9.8
9.2
9.8
9.2
9.9
9.1
10.1
9.3
10.0
9.3
10.5
9.1
10.7
9.0
10.4
8.7
10.8
8.7
Steel (carbon), finished, composite price. ..$ per lb_.
.0837
T
Revised.
» Preliminary,
i Revised total; monthly revisions are not available.
.0842
.0848
.0848
.0848
.0848
.0848
.0848
month shown.
.0848
.0848
.0848
Stocks total end of period
At mines
At furnace yards
At U S docks
Manganese (mn. content), general imports
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons__ s 88, 185 391,500
88, 945
Consumption
do
91, 770
Stocks (consumers' and suppliers') , end of period
2,329
2,962
thous. sh. tons_.
Prices:
62.74
62.75
Composite
.
$ per Ig. ton-63.00
63.00
Basic (furnace)
do
63.50
63.50
Foundry No 2 Northern
do
Castings, gray iron:
Orders, unfilled, for sale, end of period
882
962
thous. sh. tons__
15,713
15, 716
Shipments total
do
9,171
8,927
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of period
182
174
thous sh tons
1,136
1,133
Shipments, total
do
648
688
For sale do
Steel, Raw and Semifinished
Steel (raw) :
Production
thous sh tons
Index
daily average 1957-59—100
Steel castings:
Orders, unfilled, for sale, end of period
thous sh tons
Shipments, total
do
For sale total
do
1 131, 462
135. 3
1
436
1,961
1, 570
11,953
144.9
Steel Mill Products
Steel products, net shipments:
Total (all grades)
do
Byproduct:
Semifinished products
do
Structural shapes (heavy), steel piling.. ..do
Plates
do
Rails and accessories
do
Bars and tool steel, total
do
Bars: Hot rolled (incl. light shapes)
do
Reinforcing
do
Cold
finished7
do
Pipe and tubing _
do
Wire and wire products
do
Tin mill products
'
do
Sheets and strip (incl. electrical), total. _ .do
Sheets: Hot rolled
do
Cold rolled
do
By market:
Service centers and distributors
Construction, incl. maintenance
Contractors' products
Automotive
Steel mill products, inventories, end of period:
Consumers' (manufacturers only) ..mil. sh. tons_.
Receipts during period
do
Consumption during period
do
Service centers (warehouses)
do
Producing mills:*
In process (ingots semifinished etc )
do
Finished (sheets, plates, bars, pipe, etc.) -do
1
92, 666
12.9
68.7
67.0
1
10.0
4.8
4.9
9.9
5.4
5.5
2FOr
9.4
4.9
5.4
9.0
5.3
5.7
8.7
5.1
5.4
9.1
4.5
4.1
21,342 2 1, 229
2874
2918
2356
2391
2 1, 679 2 1, 599
2246
2421
2498
1, 779
*8.9
P5.3
?5.6
8.8
5.1
5.4
9.1
5.7
5.4
'9. 2
••5.7
'5.6
5.4
5.3
'5.2
P5.3
10.7
8.7
11.1
8.8
11.6
8.8
11.8
'9.1
»12.4
*9.5
.0852
. 0854
.0855
.0860
9.1
5.3
5.3
Jan.
SUKVEY OF CURRENT BUSINESS
February 1968
1965
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1966
Dec.
Annual
S-33
1967
Jan,
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons.. 2, 754. 5
Recovery from scrap (aluminum content).. do
1 769. 0
Imports (general) :
Metal and alloys, crude
.do
527.3
Plates, sheets, etc
v.
do
65.4
Exports, metal and alloys, crude
do
203.6
2,968.4
808.0
262.1
65.0
265.2
67.0
243.6
62.0
274.4
72.0
268.4
67.0
278.9
65.0
270.1
63.0
277.0
58.0
277.6
64.0
270. 4
65.Q
283.8
521.8
119.1
188.2
40.7
6.8
21.8
36.6
7.7
20.6
32.7
6.5
24.9
41.1
6.8
24.0
44,5
5.3
21.9
39.0
4.5
19.6
37.9
4.7
18.3
26.4
3.6
20.3
30.7
3.4
12.3
43.0
3.1
12.8
35.3
3.1
11.0
37.7
4.2
12.4
45.7
3.4
11.1
74.8
.2450
74.8
.2450
76.6
.2474
69.1
.2500
69.8
.2500
83.1
.2500
93.3
.2500
109.8
.2500
142.0
.2500
170.6
.2500
187.6
.2500
204.9
.2500
.2500
.2500
8,799. 2
6,459. 1
2,942.3
1,633.7
713.5
482.8
218.1
134.4
727.6
495.4
224.9
145.4
739.8
519.1
239.2
128.4
767.7
559.8
241.8
136.4
730.4
524.2
243.3
128.4
752.1
565.7
242.5
135.8
751.0
549.2
254.2
133.3
658.3
486.9
216.9
98.6
743.3
527.4
227.5
133.6
745.8
534.3
243.1
115.2
760.8
560.6
255.5
121.6
' 736. 6
' 539. 2
' 245. 0
130.1
750.2
509.8
237.9
1, 429. 2
1,711.0
1,353.1
357.9
472.0
>• 125. 4
161.1
129.0
32.1
35.7
122.4
148.9
122.3
26.6
40.9
117.8
138.6
111.5
27,1
33.1
132.9
151.8
124.9
26.9
41.0
131.8
138.3
114.9
23.4
42.3
130.4
160.0
129.8
30.2
42.7
127.0
161.9
130. 0
31.9
43.2
66.4
88.8
70.3
18.6
27.9
29.7 •
42.9
27.3
15.6
20.5
22.4
30.0
8.3
21.7
22.8
23.5
37.8
4.5
33.2
29.6
21.8
16.0
21.5
18.1
27.4
23.3
523.8
137. 4
596.7
162.7
57.5
23.6
43.1
20.3
58.4
19.8
42.6
13.3
45.4
21.3
55.2
18.2
59.3
22.5
39.9
18.2
36.6
17.9
57.8
26.9
61.4
45.0
79.9
58.1
64.4
47.5
422. 1
325.0
334,7
273.1
14.9
10.3
21.7
15.7
22.4
16.0
32.7
24.9
27.7
21.5
20.6
16.0
32.9
28.7
24.2
18.3
11.3
4.3
12.5
4.9
12.1
4.2
2, 035.0
174.0
113.0
.3502
2, 382. 0
240.0
174.0
.3617
194.1
240.0
174.0
.3624
204.5
233.9
169.4
.3787
197.8
227.1
160.6
.3810
217.9
242.3
177.5
.3808
187.0
240.8
193. 6
.3817
191.7
270.7
205.6
.3812
192.2
289.6
223.6
.3808
102.2
318.4
247.8
.3830
142.5
279.2
210.3
.3909
133.5
238.1
172.5
p 134. 9
P204.4
P 139. 5
Copper-base mill and foundry products, shipments
(quarterly total) :
Copper mill (brass mill) products
mil. lb_.
Copper wire mill products (copper cont.)_..do
Brass and bronze foundry products
do
2,977
2,177
1889
3,326
2,494
11,007
809
646
248
Lead: A
Production:
Mine, recoverable lead
thous. sh. tons..
Recovered from scrap (lead cont.)
do
301.1
575.8
r
327.4
i 572. 8
'27.5
44.2
25.3
45.4
25.3
42.2
29.4
48.0
29.0
43.3
31.5
45.5
27.4
40.9
24.2
39.2
24.5
48.7
23.3
46.9
24.3
48.6
21.9
50.1
344.4
1, 241. 5
1
431.3
47.0
1,323. 9 ' 114. 7
45.3
106.6
42.2
97.3
46.6
110.9
36.2
104.9
34.6
108.8
54.0
103.8
38.2
85.4
43.6
102.6
30.3
100.9
41.2
109.8
42.5
104.5
33.6
160.2
Stocks, primary (at reduction plants), end of
period...thous. sh. tons
Price, primary ingot, 99.5% minimum. _.$ per lb_.
Aluminum shipments:
Ingot and mill products (net)
Mill products, total
.
Plate and sheet (excluding foil)
Castings^
~_
64.8
. 2451
mil Ib
do
do
do
8,016.7
5,679.4
2,609.8
1,409.0
Copper:
Production:
Mine, recoverable copper
thous. sh. tons.. 1,351.7
Refinery, primary
do
1,711.8
From domestic ores.
do.
1,335.7
From foreign ores
do
376.1
Secondary, recovered as refined..
do
429.4
Imports (general) :
Refined, unrefined, scrap (copper cont.).. do
Refineddo
Exports:
Refined and scrap
do
Refined
do
Consumption, refined (by mills, etc.)
Stocks, refined, end of period
Fabricators'Price, bars, electrolytic (N.Y.)
do. .
do
do
$ per Ib.
Imports (general), ore (lead cont.), metal, do
Consumption, total .
do
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
thous. sh. tons-Refiners' (primary), refined and antimonial
(lead content)
....thous.
sh. tons-Consumers' (lead content)
rf1
-do
Scrap (lead-base, purchased), all smelters
(gross weight)
thous. sh tons
Price', common grade (N.Y.)
$ perlb..
1
745
644
241
10.4
2.0 -----P 122. 6 v 121. 4
P 185. 1 p 172. 7
T 124. 1 v 117. 3
13.3
2.9
605
529
232
649
608
249
106.8
142.2
142.2
157. 9
154.8
154.8
154.7
159.1
158.8
165.0
171.2
169.8
173.4
168.8
25.2
109.2
23.4
85.4
23.4
85.4
24.9
92.6
29.7
90.2
29.5
98.6
32.2
97.3
33.7
93.5
31.6
105.3
31.5
114.2
28.2
112.8
22.7
108.5
19.5
106.0
19.1
102.0
54.8
. 1600
48.3
.1512
48.3
.1400
45.9
.1400
46.8
.1400
46.3
.1400
49.3
.1400
50.4
.1400
50.8
.1400
51.3
.1400
49.9
.1400
46.8
. 1400
47.9
.1400
48.2
. 1400
.1400
4,326
40, 814
i 25, 076
i 3, 401
84, Oil
58, 550
2 4, 372
41, 624
25, 318
3,315
85,486
60, 209
208
3,418
1,910
275
6,595
4,535
17
3,662
1,910
265
7,000
5,040
393
2,883
1,945
265
6,720
4,875
122
4,268
1,940
260
7,260
5,275
32
5,350
1,885
270
6,685
4,740
179
3,933
1,955
270
7,570
5,350
0
3,328
2,010
280
7,065
5,125
0
4; 359
1,620
320
5,995
4,370
0
3,302
1, 775
275
6,220
4,690
964
4,305
1,530
305
6,025
4,530
1, 013
4,416
1,615
295
6,150
4,545
68
5, 343
467
4,775
6,165
4,485
Exports, incl. reexports (metal)
.do
Stocks, pig (industrial), end of period _ . do
Price, pig, Straits (N.Y.), prompt
..$ perlb..
3,064
27, 661
1.7817
3,069
22, 687
1.6402
249
22, 687
1. 5399
737
22, 400
1. 5388
422
20, 665
1. 5438
235
20, 500
1. 5371
209
20, 825
1. 5333
257
20, 265
1. 5311
165
20, 560
1. 5494
65
20, 975
1. 5439
240
19, 855
1. 5250
39
18, 607
1. 5101
30
19, 250
1. 5199
75
17, 590
1. 5501
Zinc:A
Mine production, recoverable zinc
thous. sh. tons..
Imports (general):
Ores (zinc content)...
do
Metal (slab, blocks)
do
611.2
572.6
42.5
43.6
43.7
50.1
48.7
49.9
47.6
44.3
48.7
43.2
42.1
41.3
429. 4
153.0
521. 3
277. 4
56.0
21.3
47.9
27.2
51.2
11.1
48.6
26.9
46.8
14.9
56.9
15.4
64.0
17.0
45. 2,
18.3
37.6
20.6
28.3
16.1
29.8
11.9
44.8
23.0
1 126. 7
269. 6
9.4
19.6
9.1
19.1
8.7
18.9
10.2
19.2
9. 3
18.8
8.8
19.0
8.0
18.5
7.6
17.7
8.6
18.4
8.3
18.2
8.6
18.6
10.0
18.6
89.2
5.4
105.8
.3
86.0
5.7
97.3
.1
87.6
5.4
100.4
3
()
83.0
4.9
99.8
10.6
73.8
4.8
83.7
4.3
70.2
5.1
102.9
1.1
68.3
5.8
99.5
.1
65.6
7.0
108.6
.1
68.5
6.5
106.5
3
()
109.3
88.7
.1350
94.5.
89.2
.1350
Tin:A
Imports (for consumption) :
Ore (tin content) „_
Bars, pigs, etc
Recovery from scrap, total (tin cont.)
As metal
Consumption, pig, total
Primary
lg tons
do
do
do
do
do
Consumption (recoverable zinc content):
Ores
Scrap, all types
do
do
1122.9
1
265. 1
1
Slab zinc:
Production (primary smelter), from domestic
and foreign ores
thous sh tons
1994.4 1,038.1
84.1
95.1
93.4
Secondary (redistilled) production
_ 1 do_ _ . " '83.6
5.4
5.7
72.4
5.7
Consumption, fabricators'
do
11,354. 1 1, 410. 2
110.1
107.8
104.8
3
Exports . .
do
.2
.1
5.9
1.4
()
Stocks, end of period:
Producers', at smelter (AZI)O
do
4 28. 6
64.8
64.8
78.1
83.8
Consumers'
do
151.9
122.7
122.7
115.5
105.2
Price, Prime Western (East St. Louis). $ per Ib. . . 1450
.1450
.1450
.1450
.1450
* Revised.
v Preliminary.
1 Revised total; monthly revisions are no t availal3le.
2 Total for 11 months.
a Less than 50 tons.
< Reported yearend stocks. S ee BUSIN ESS
STATISTICS note.
^Effective 1966, estimates are derived from a new sample arid are not directly compare ble
with earlier data; see note in Feb. 1967 SUKVEY.
87.9
108.5
.1450
103.7
103.7
.1450
113.4
97.3
.1356
105.6
96.0
.1355
.2500
117.9
101.2
. 1350
116.7
93.0
.1350
89.0
90.9
.1350
.1400
36
1. 5259
1. 4788
32.8
19.0
.1
84.3
73.4
. I§50
• 1350
AD ata reflec t sales fr om the (.Jovermn ent stock pile.
<?c Diisumen ' and secondary smelters lead st()cks in r Bfinery s tiapes and in copper-base
scrap.
OPi^oducers' stocks e Isewhere end of J an. 1968 15,700 tc ns.
SURVEY OF CURRENT BUSINESS
S-34
1966
1965
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
February 1968
1967
1966
Annual
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
1968
July
Aug.
Oct.
Sept,
Nov.
Dec.
Jan.
METALS AND MANUFACTURES— Continued
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, shipments:
1
Cast-iron
_ mil. sq. ft. radiation
11.6
7.5
2
115.3
Nonferrous
do
90.4
Oil burners:
i 3564. 4
Shipments
- _
_ thous
615.6
42.0
Stocks end of period
do
40.4
Ranges, gas, domestic cooking (incl. free-standing,
set-in, high-oven ranges, and built-in oven
broilers), shipments.thous '2,115.9 2, 153. 7
304.8
Top burner sections (4-burner equiv), ship.-.do
234.1
1
1,415.2
Stoves, domestic heating, shipments, total-. _:do
994.0
Gas
- --_ _ _ _ _ _ _ _ _ _do
Warm-air furnaces (forced-air and gravity air-flow),
1, 566. 6
shipments, total-thous
Gas
_- _ - - - - - - _ _ - - do _ 11,228.7
2, 616. 4
Water heaters, gas, shipments
do
.4
.5
6.5
.6
55
.6
5.9
.3
58
.5
.7
57
69
.4
5.6
.5
8.8
.8
9.6
.7
9.8
.6
8.0
46.9
40 4
46 8
43.4
40 5
40 4
46.6
39.1
30 3
43 3
46 2
40.4
55 6
42.4
35 7
42.6
69.2
44.0
71.5
36.8
74.9
29.7
61.9
28.9
164.3
15.6
138 7
12 3
163 2
13 5
206.9
16.1
161 3
13 6
182 4
15.9
194 5
18 6
133 5
13.8
185.4
18.4
197 6
21.2
195.5
18.9
75.1
51.6
56 1
33 2
74 1
44 6
74.3
49.4
69.6
44 7
98.5
68 2
101.2
81 8
115.7
85 2
157.1
113.4
190.7
134 7
1,422.3
997.7
1, 334. 3
1, 027. 4
2, 488. 9
86.4
64.5
176.4
88 1
68 3
206 4
86 8
66 6
203 7
94.0
73.6
229.0
90 1
72 8
224 6
98 7
78.7
199 2
107 0
81 3
203 3
113 1
89.2
176 1
144.7
108.5
225 5
172 5
126 6
214 7
322. 5
279.9
317.1
216 6
195 8
320.6
523 5
955 o
323 9
913 1
207 0
152.8
21.6
75.2
179.3
23.9
95.9
10 7
13
2.9
89
§
41
18 2
12
50
13.4
1.4
8.3
10 6
10
58
97
18
14.1
14.3
1.2
8.4
10.9
10
71
188.0
136 4
118. 8
91.4
T
168 9
*• 126. 7
233 3
127.2
97.3
197.1
319 8
536 0
210.2
284 9
10.7
5.5
1.1
1.8
10.3
11.0
MACHINERY AND EQUIPMENT
Foundry N equipment (new), new orders, net
mo. avg. shipments 1957-59=100- _
Furnaces (industrial) and ovens, etc., new orders
(domestic) net
mil $
Electric processing
do
Fuel-fired (exc. for hot rolling steel)
do
Material handling equipment (industrial) :
Orders (new), index, seas, adj
1957-59=100-Industrial trucks (electric), shipments:
Hand (motorized) _ _
number
Rider-type.
_ _ _ _ _ _ ___
do _
Industrial trucks and tractors (internal combustion
engines), shipments ___ _
number
Machine tools:
Metal cutting type tools:f
Orders, new (net), total
Domestic
__ __
Shipments, total
Domestic
_ __ _ _ _ _ _
Order backlog, end of period
40
5
9.8
5
3. 6
5
7.1
1.3
6.3
186.3
207.2
212.8
212 4
177 2
176.6
231 6
165 3
205 8
173 4
219 3
201 0
190 8
8,202
9,994
10, 390
12, 404
1,029
1,402
826
886
903
976
1,024
1,374
997
1 136
789
780
912
1,021
845
1 067
903
995
844
885
875
1 032
1 079
1 014
1,058
1 086
41,746
47, 043
4,202
3 465
3 417
3,985
3 552
3 748
3 938
3 283
3 284
3 665
3 292
2,961
3 406
mil. $ 1, 251. 70
do. - 1,122.65
1, 022. 55
do
885. 85
_ do. _
898. C
do
1, 629. 90
1, 483. 10
1,221.75
1, 097. 50
1 , 306. 7
120. 35
107. 35
135. 50
120. 95
1, 306. 7 1
445. 72
401. 35
463. 45
436. 85
394.4
22.75
19.05
40.20
38.70
394.4
_
Metal forming type tools :t
Orders, new (net), total
Domestic
_ _ __ _ _
Shipments, total
Domestic _ _ _
_ _ _ _ _ _
Order backlog, end of period
do_
-do. _
do
do
do
Other machinery and equip., qtrly. shipments:
Construction machinery (selected types), total 9
mil. $_Tractors, tracklaying, total
do
Tractors, wheel (con. off-highway) _ _ __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. $
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), shipments. _ _ thous _ _
Household electrical appliances :
Ranges, incl. built-ins, shipments (manufacturers') domestic and export
_ _ thous
Refrigerators and home freezers, output
1957-59=100-Vacuum cleaners, sales billed
thous__
Washers, sales (dom. and export) _ _ do___
Driers (gas and electric), sales (domestic and
export)
thous
Radio sets, production©
do
Television sets (incl. combination), prod.G - -do
Electron tubes and semiconductors (excl. receiving,
power, and spec, purpose tubes), sales
mil. $__
Motors and generators:
New orders, index, qtrly
1947-49=100..
New orders (gross) :
Polyphase in ducti on motors, 1-200 hp
mil. $__
D.C. motors and generators, 1-200 hp
do
441. 70
410. 30
403. 05
362. 95
412.1
r
'11,727.1 r U,922.4
428.3 i 476. 0
162.3
149.4
i 399. 1
1
r
! 412. 9
r
94 15 101 45 105 35 90 85 101 00
86 30 89 00 93.30 82 65 90 85
92 30 100 55 132. 80 103 60 118 30
83.05 90.45 116.25 92.60 107. 35
308 6 1 309 5 1,282.0 1 269 3 1 252 0
19 40
38 85
36 05
33 70
377 7
20.20
18.80
42.85
39 70
338.6
24 40
21 55
40 85
36 35
361 3
114.5
30.5
7 435. 0
95.4
720.7
r
7
417. 1
89.3
25 35
18 75
29 70
26 10
282 3
19 30
18 30
28 80
24 65
272 8
534.4
121 7
28.0
21 60
19 20
31 90
29 40
262 5
24.10
21 75
41.15
37 30
245 4
23.60
21.70
34.55
31.15
234.5
423.9
92 6
4
17 6
4
28. 8
4
69.9
4
83. 6
7
91 2
185 1
348.7
268.3
1 053 6 1, 219. 6
268.8
375.8
30, 528
32, 124
3,312
2 747
2, 065. 0
2, 028. 0
134.0
2 179
2 302
1 872
1 897
151 0
138 0
154 0
164 9
119.0
458.8
245.3
145 1
454 9
317.0
143 3
444 3
325.4
140 1
506 6
397.2
155 6
397 7
272.5
201 9
33.85
27.55
38.65
34.20
229.7
17.2
122 5
253.5
1 2 098. 4 2, 360. 8
28 50
23 65
46 70
37 70
286 6
294 0
830. 0 1,005.9
163.0
5, 582. 7
4, 406. 3
21 70
18 23
40 40
37 00
304 8
102. 0
273.9
147.8
i1 5, 106. 9
4, 347. 1
25 25
20 20
40 35
38 70
323 5
77 45
88 10
77 25
110 80
93 90 115 60
78 80
67.65
79.70
100 05
82 95 105 60
71 75
74 40
129 80 102. 55
93 05 122 40 106. 20 114. 25 139. 25
115. 50
94.70 83.65 108. 85 95.80 101.45 122. 75
1 233 0 1 224 3 1 246 9 1 203 3 1 174 3 1, 137. 5 1, 086. 4
r
3,180
3 431
2 070
2 396
3 133
158 9
163 7
131 7
165 1
153 0
162 8
176 7
139 0
394 9
346.4
156 1
444 6
383.6
140 8
415 2
357.7
106 6
489*0
440.7
151 4
514 6
461.4
171 1
574 9
424.3
161 2
563 4
317.6
316 2
325 8
297 2
2, 574
s 1, 219
2,164
1,031
2,226 r 5 2,278
1,022 3 1, 066
3 246
3 609
173 4
T
139 6
477 4
289.2
256 1
220 4
202 2
186 2
119 3
117 5
146 6
169 1
285 7
338
1,333
1,727
853
1,479
1,049
5 1, 771
5 1,171
1,483
680
1,584 5 1, 621
s 728
729
1,027
474
1,767
858
63 7
60 1
64 9
56 1
59 2
47 4
62 2
60 2
62 2
58.2
59.9
6
6
6
6
6
6 68
35
5
2,
5
24 118
11,028
23, 595
12, 402
757.0
1868.3
69.8
215
239
220
210.1
44.6
6113.3
51.3
6
7. 7
2.8
58 2
225
6
91
45
6
82
50
692
41
5
1,447
798
218
6
91
43
6
83
50
6
84
36
39
30
75
31
76
73
84
76
40
34
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production. _ _
thous. sh. tons
12, 941
14,866
669
1,103 ' 1, 079
Exports
do
60
851
766
35
37
Price, wholesale, chestnut, f.o.b. car at mine
$per sh. ton__ 12. 979
12. 824 13.475 13. 475 13. 475
Bituminous:
Production
thous. sh. tons__ 512, 088 533,881 48, 461 47, 000 42, 390
r
2
Revised.
1 Revised total; monthly revisions are not available.
Total for 11 months.
3
Reported year-end stocks. See BUSINESS STATISTICS.
* F0r month shown.
s Data cover
5 weeks; other periods, 4 weeks.
6 Excludes orders for motors 1-20 hp.; domestic sales of
this class in 1966 totaled $127.6 mil.; Dec. 1967, $7.5 mil.
? Effective 1st quarter 1967, total
shipments and shovel loaders include types not previously covered and off-highway wheel
tractors exclude types previously covered; also, the wheel tractors for 3d quarter 1967 omit
859
41
1, 032
37
1,189
46
1,230
45
1,015
35
1,235
49
1,024
76
962
63
1,011
59
13.475
12.005
12. 005
12. 005
12. 495
12. 495
12.985
12. 985
13. 475
947
48
897
47, 670 44, 730 49,410 44, 860 36, 560 50, 470 45, 100 48, 400 >• 47, 170 42, 090 44, 125
one type (usually included) to avoid disclosure of individual operations.
fRevised series.
Data have been adjusted to new benchmarks back to Jan. 1956; the
revised data reflect new companies as well as types of machines now classified as machine tools.
9 Total includes data not shown separately.
0Radio production comprises table, portable battery, auto, and clock models; television
sets over monochrome and color units.
SURVEY OF CURRENT BUSINESS
February 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966
Annual
1966
Dec.
S-35
1967
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
PETROLEUM, COAL, AND PRODUCTS—Continued
C O AL— Continued
Bituminous— Continued
Industrial consumption and retail deliveries,
total 9
thous. sh. tons. _ 459, 164
242, 729
Electric power utilities
do
Mfg and mining industries, total
_ _ do_ __ 196, 732
94, 779
Coke plants (oven and beehive)
do
486, 266
264, 202
201, 490
95, 892
45, 376
24 602
18, 126
7 991
45, 023
24, 723
17, 689
7,946
41, 517
22, 758
16, 209
7, 258
41, 711
22, 910
17,117
7,979
37, 370
20, 955
15, 639
7,611
38, 150
21, 543
15, 845
7,836
37, 590
22, 318
14, 770
7,327
36, 724
21, 999
14, 199
7, 367
38, 820
22, 922
14, 942
7,513
37, 130
21, 133
14, 630
7,435
19, 048
19, 965
2 628
2,610
2,550
1,680
729
693
433
473
895
1,311
1,592
1 985
2 148
77, 393
53, 437
23, 603
10, 506
74, 466
52, 895
21, 332
9,206
74, 466
52 895
21,332
9,206
72, 951
51, 307
21, 425
9,244
70, 196
49, 583
20, 439
9,364
71, 231
50, 702
20, 380
9,491
74, 696
53, 702
20, 846
9,829
80, 209
58, 156
21, 855
10, 596
85, 234
61, 831
23, 175
11, 019
80, 621
60, 150
20, 240
8,774
86, 726
65, 089
21, 392
9,465
90,707
68, 653
21, 825
9,726
94, 467
70, 935
23, 305
10, 611
95, 001
71 357
23, 345
10, 914
93 128
69 737
23 212
10, 940
Retail deliveries to other consumers
do
Stocks, industrial and retail dealers', end of period,
total
thous. sh. tons
Electric power utilities
do
Mfg and mining industries, total
do _ _
Oven-coke plants
- do
40, 115 '42,066
22, 528 23 364
15, 949 r r16, 674
7 829
7 840
44, 043
24 631
17, 247
8 165
do__ _
353
239
239
219
174
149
148
198
228
231
245
229
227
199
179
Exports
- __do_ __
Prices, wholesale:
Screenings, indust. use, f .o.b. mine
$ per sh. ton
Domestic large sizes, f.o.b. mine
do
50, 181
49, 302
3,175
2,622
3,610
3,102
4,193
4,912
4,987
4,032
4,641
3,966
4,722
4,948
3,775
4.794
6.926
4.952
6.971
5.129
7.143
5.122
7.162
5.122
7.162
5.116
7.197
5.238
6.463
5.231
6.426
5.224
6.417
5.237
6.561
5.233
6.596
5.272
6.681
5.242
6.856
5.287
6.998
1,657
65,198
17, 208
1,442
65, 959
17, 611
126
5,504
1 573
119
5,453
1,537
93
4,996
1,341
62
5.552
1 523
62
5,312
1,420
59
5,394
1,545
55
5,098
1,535
47
5,105
1,605
50
5,208
1,540
'54
5,174
1, 529
74
5,412
1,523
5,410
5 643
2,701
2,445
3,030
2,822
208
1,459
1,102
3 030
2,822
208
1 459
95
3,249
3,018
231
1,489
76
3,388
3,156
232
1,474
68
3 527
3,273
254
1 453
67
3,732
3,465
267
1,420
58
3,963
3,687
277
1,372
50
4 350
4,051
299
1,387
48
4,766
4,371
396
1,451
36
5,016
4,595
421
1, 408
84
5, 277
4,824
453
1,413
61
5 439
4,972
467
1,402
51
5 499
5 022
5 467
4 961
64
46
18, 761
2.92
3, 300. 8
87
16, 780
2.93
3, 447. 2
91
1,780
2 98
298.3
93
950
2.98
293.8
91
1,303
2.98
268.4
92
1,168
3.00
296.1
92
1,054
3.00
282.9
91
1,243
3.00
297.1
90
1,234
3.00
294.6
92
1, 466
3.00
310.0
94
1,056
3.05
309.7
94
1,133
3.05
302.0
94
1,774
3.05
310.9
94
mil. bbl
4, 190. 9
4, 435. 6
383.3
405.4
356.5
397.5
381.2
383.4
368.2
388.4
402.4
378.5
402.0
do
_ do_~-
2, 848. 5
441.6
3,027. 8
468.7
263.8
41.6
265.6
43.5
241.5
39.3
264.9
43.2
254.3
42.6
260.0
43.3
256.3
41.5
283.9
42.7
292.5
43.3
272.9
41.6
279.1
44.7
do_ do
452.0
448.7
447.1
492.0
32.0
45.9
41.1
55.2
29.2
46.4
37.6
51.9
38.2
46.2
39.9
40.2
33.6
36 9
30.1
31.8
31.5
35.2
31.5
32.6
31.9
46.4
' Retail dealers
-
COKE
Production:
Beehive
Oven (byproduct)
Petroleum coke§
Stocks, end of period:
Oven-coke plants total
At furnace plants
At merchant plants
Petroleum coke
Exports
thous. sh. tons
do
do
do
do
-- -do
do
- _-do_ __
256
1,478
834
r 74
477
75
506
PETROLEUM AND PRODUCTS
Crude petroleum:
O i l wells completed _
_ _ _ _ _ number.
Price at wells (Okla -Kansas)
$ per bbl
Runs to stills
- - mil. bbL
Refinery operating ratio
% of capacity
All oils, supply, demand, and stocks:
New supply, total
Production:
Crude petroleum
Natural-gas liquids, benzol, etc
rmports:
Crude petroleum
_ _
Refined products
__
Change in stocks all oils (decrease, — )
do
-2.9
38.1
-31.3
1.4
-18.4
-12.8
33.4
12.5
5 0
21.0
18.7
23.4
11.6
Demand total
Exports:
Crude petroleum _.
Refined products
_ _
Domestic demand, total 9
Gasoline
Kerosene
do
4, 193. 7
4, 397. 5
414.5
403.9
374. 9
410.4
347.8
370.9
363 2
367.4
383.7
355.2
390 4
1.5
70,9
4, 325. 1
1, 793. 4
101.1
.1
6.0
408.4
150.3
13.0
5.7
398.2
137.3
13.6
0
6.6
368.3
128.9
12.4
.1
6.3
403.9
152.2
9.6
.3
6.8
340.7
145.7
5 7
0
6.9
363.9
161.1
6 2
1.8
7 0
354.4
165.5
4 3
8.5
7.7
351.2
162.7
5.5
8.2
8.1
367.4
171.0
61
6.0
8.4
340. 8
152. 6
7.1
1.4
7.6
381.4
160.6
7.7
1.1
do
67.2
do _
do_ __ 4, 125. 5
do _ 1,720.2
97.6
do
-
Distillate fuel oil
Residual fuel oil
Jet fuel
__
Stocks, e n d o f period, total _ _ _ _ _
Crude petroleum
Natural-gas liquids
Refined products
~
Refined petroleum products:
Gasoline (incl. aviation) :
Production
Exports
___
_ _ _
Stocks, end of period
775.8
587.0
219.6
797.4
626.4
244.4
92.9
62.9
23.0
92.5
70.5
21.2
89.1
62.8
20.1
90.2
67.7
23.7
58 3
52.7
24.1
60 4
49.8
24 .4
49 2
45 5
25 4
48.6
41.5
27.0
47 3
44.4
26.1
47.7
40.8
25.8
60.3
56.2
28.2
do_
do
do
47.1
127. 6
307.1
48.9
134 1
323 9
35
4 8
35 3
3.8
4.7
35 5
3.0
3.1
30.9
3.9
5.9
30.0
3.6
7 8
24 1
3.8
11.9
24 3
41
15 5
23 6
3.4
16.3
24 2
4.0
20 3
25 0
3.9
16.7
25 8
3.5
15. 0
29 I
do
do
do
do
836.3
220.3
35.9
580. 2
874.5
238 4
40 4
595.7
5
4
4
7
875.9
250. 6
35 6
589.6
857.5
252.4
33 3
571.8
844.6
258.1
35 8
550.8
878
266
44
567
1
8
3
0
890.5
268 8
52 7
569.0
895 6
261 6
59 3
574*6
916.5
256 2
66 0
594.3
935
261
71
602
3
6
7
0
958.6
257.3
75.9
625. 5
970.2
255.1
76 3
638.8
do
1, 704 4
do _ _
4.8
do
183. 1
1 792 6
38
194 2
156.1
.3
194.2
154 3
.3
212.4
136.4
.4
221.2
146.2
.3
216.2
142 7
3
214 7
151 8
.3
206 9
155 5
2
197 8
159 2
.7
194. 3
160 3
.6
183 7
158 8
.7
190.5
159 4
.3
190.2
120
120
120
.120
.110
. 115
230
226
.226
.226
do
do
_ _ _ do_ _
Lubricants
Asphalt
Liquefied gases
_
Prices (excl. aviation) :
Wholesale, ref. (Okla., group 3)
$ per gal
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
$ per gal
Aviation gasoline:
Production
mil. bbl
Exports
do
Stocks, end of period
do
Kerosene:
Production
do
Stocks end of period
do
Price, wholesale, bulk lots (N.Y. Harbor)
$ ner sral _
r
Revised.
* Less than 50,000 bbls.
3 05
874
238
40
595
.113
114
.113
113
.115
. 120
120
120
.208
216
.221
220
.227
.227
225
224
228
226
48 6
4 2
8.3
41 9
34
7 8
37
.3
7.8
33
.3
8.2
31
.4
8.3
2.9
.3
7.7
30
3
7 9
35
3
7.9
2 8
2
7 5
3.1
.6
7.3
33
.3
7.3
3.3
.4
7.6
31
.3
7.6
94 5
24 1
102 1
25 o
10. 1
25 0
10.1
21 5
9.2
18 3
8.5
17.2
7 2
18 7
6 9
19 4
'g 5
21 6
7.6
23.7
7.5
25 1
7.6
25 5
8.6
26 4
.098
.104
.107
.107
.109
.109
.109
.109
.109
.112
.112
.112
.112
9 Includes data not shown separately.
§ Includes nonmarketable catalyst coke.
.112
.229
Jan.
SURVEY OF CUREENT BUSINESS
S-36
1965
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1 1966
Annual
1967
1966
Dec.
February 1968
Jan.
Feb.
Mar.
Apr.
May
June
196S
July
Aug.
Sept.
Oct.
Nov.
Dec.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Distillate fuel oil:
Production-mil. bbL_
Imports..
do
Exports
do _ _
Stocks, end of period
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gal__
Residual fuel oil:
Production
mil. bbl_.
Imports— . ~
do
Exports
do
Stocks, end of period
._
__do
Price, wholesale (Okla., No. 6)
$ per bbl._
765.4
13.0
3.8
155.4
785.8
13.8
4.4
154.1
69.9
1.6
.4
154.1
68.6
1.1
.1
131.3
61.9
.9
.3
104.7
70.1
2.7
.3
87.0
63.0
1.4
.4
92.8
62.7
1.3
.1
96.4
64.9
1.3
.3
113.0
67.6
.9
.4
132.6
68.3
1.1
.2
154.5
69.1
1.2
.4
176. 6
69.2
1.7
.6
186.7
.090
.094
.097
.097
.099
.099
.099
.099
.099
.102
.102
.102
.102
.102
268.6
345.2
14.9
56.2
1.83
264.0
376.8
12.9
61.2
1.62
25.3
36.1
1.1
61.2
1.65
25.4
44.3
1.6
59.1
1.65
23.2
38.3
1.4
56.6
1.50
24.2
41.1
1.6
52.9
1.45
22.8
36.5
1.3
58.6
1.45
21.6
30.8
1.7
59.8
1.45
21.6
26.6
1.6
61.2
1.45
21.5
23.1
2.0
62.7
1.45
21.1
26.5
2.6
63.7
1.45
20.9
24.2
2.8
65.5
1.45
21.7
35.4
1.9
65.0
1.45
.145
191.2
18.7
215. 5
19.4
19.6
19.4
19 4
19.4
20.0
20.7
21.5
20.4
21.9
20.2
22.7
20.4
23.4
21.3
23.7
21.0
23.8
21.6
23.5
21.1
25.1
21.8
62.9
16.6
13.3
65.4
17.1
12.7
5.2
1.5
12.7
5.5
12
13.1
5.0
1.4
13.7
5.5
1.9
13.4
5.4
1.7
13.5
5.7
1.8
13.6
5.4
1.4
13.4
5.4
1.6
13.9
5.5
1.5
13.8
5.2
1.4
13.6
5.5
1.6
14.0
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
123.6
16.2
129.6
17.3
7.5
17.3
6.9
20.4
5.7
23.0
8.1
25.4
9.0
26.8
11.9
27.1
12.8
25.0
14.3
23.7
14.9
19.0
13.7
16.8
13.4
15.6
Liquefied petroleum gases:
Production
do
Transfer from gasoline plants
do
Stocks (at plants, terminals, underground, and
at refineries) end of period
mil. bbl
56.1
200.2
60.1
215.1
5.1
25.8
5.5
25.4
5.1
22.0
5.8
20.1
5.5
14.9
6.2
15.2
5.7
14.5
5.6
15.2
5.6
16.6
5.8
16.8
5.5
20.9
32 0
37.7
37 7
32 5
29 9
32.6
40 7
49.6
56 6
63.1
69 0
73.2
74.4
Asphalt and tar products, shipments:
Asphalt roofing, total
_.
thous. squares _
Roll roofing and cap sheet
do
Shingles, all types
do _
72,338
28, 293
44, 044
69, 363
28,917
40, 446
3,555
1,773
1,782
3,422
1,652
1,770
3.680
1,506
2,174
5,337
2,232
3,106
6,089
2,349
3,740
6,430
2,416
4,014
8,032
3,001
5, 031
7,960
2,965
4,996
9,257
3,621
5,636
8,174
3,309
4,864
8,027
3,423
4,604
628
590
980
554
504
880
37
22
53
31
16
49
31
20
52
41
25
73
34
34
70
33
40
66
39
56
82
39
46
81
48
57
93
44
50
82
55
51
84
Jet fuel (military grade only) :
Production
Stocks, end of period. - _ _ _ _
mil. bbl
do
Lubricants:
Production. _
do .
Exports
do
Stocks, end of period
_
_ do __
Price, wholesale, bright stock (midcontinent,
f o.b., Tulsa) $ per gal
Asphalt:
Production.
Stocks end of period
-
Asphalt siding
Insulated siding
Saturated felts
mil. bbL.
do
do
do
thous. sh. tons
.270
r
r
r
6, 336
2, 753
3, 583
4,205
1,952
2,253
••57
33
'77
31
17
57
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulp wood:
Receipts
Consumption
Stocks, end of period
Waste paper:
Consumption
Stocks end of period
thous. cords (128 cu ft )
do
do
i 53, 208 i 56, 797
i 51, 970 156,259
i 5, 923 i 6, 529
4,716
4,366
6,059
4,759
4,844
5,835
4,526
4,454
6,020
5, 105
4,801
6,286
4,361
4,759
5,994
4,507
4,797
5,708
4,686
4,550
4,857
4,326
4,279
5,939
4,775
4,626
5,966
4,548
4,299
6,194
4,827
4,900
6,233
4,377 P 4, 123
4,615 P4,333
6,024 p5,859
thous sh tons
do
i 10, 231 i 10, 541
1622
1738
752
738
808
650
770
616
829
640
788
630
815
642
811
720
695
629
899
614
839
601
892
'581
'833
'594
P769
617
WOODPULP
Production:
Total all grades
thous sh tons
Dissolving and special alpha
do
Sulfate
do
Sulfite
do
i 33, 993 i 36, 640
i 1, 482 i 1, 527
i 21, 509 i 23, 562
i 2, 684 i 2, 748
2,801
116
1,753
209
3,076
134
1,944
230
2,897
110
1,849
221
3, 129
139
1,981
238
3,065
106
1,967
233
3,133
128
1,969
239
2,966
102
1,858
228
2,726
104
1,729
189
3,004
122
1,927
221
2,834
112
1,773
211
3,098
142
1,954
226
2,997
128
1,890
227
2,533
119
1,751
206
Groundwood
Defibrated or exploded
Soda semichem screenings etc
Stocks, end of period:
Total, all mills
Pulp mills
Paper and board mills
Nonpaper mills _
_
i 3, 595
i 1, 644
i 3, 079
1 3, 794
1 1, 658
13,351
322
119
281
348
132
288
322
124
271
345
132
294
337
131
290
350
134
314
343
137
298
310
120
273
335
130
269
328
121
288
345
123
308
334
120
296
256
15
217
do
do
do
do
757
238
436
82
816
276
456
84
816
276
456
84
751
289
379
83
778
323
379
76
805
322
407
76
786
324
386
76
809
356
375
78
860
363
425
72
827
382
378
67
814
377
370
67
808
381
360
68
836
408
357
71
'813
388
'359
P69
P780
P342
103
39
64
113
38
75
172
83
89
128
36
92
133
31
101
185
77
108
111
38
73
165
58
106
135
45
89
150
47
103
160
57
103
156
57
99
246
22
224
290
23
267
252
26
226
do
do
do
1,402
535
897
1,572
563
1,009
133
42
90
do
.do
do
3,127
280
2,847
3,355
293
3,065
293
35
258
287
20
267
261
19
242
297
25
273
245
20
226
269
25
245
273
21
251
236
16
221
256
27
229
249
21
228
3,653
1,658
1,743
13
239
3,914
1,774
1,868
12
260
3,684
1,654
1,753
11
266
4,015
1,794
1,895
13
313
3,812
1,730
1,856
11
215
3,934
1,735
1,876
12
311
3,885
1,684
1,865
12
324
3,417
1,492
1,634
9
290
3,938
1,727
1,865
11
334
3, 720
1,653
1,723
11
332
3,582
4,001
3,628
3,972
3,857
3,871
3,877
3,544
3,913 ' 3, 787 '4,111 p3,869
101.9
116.7
97.2
92.7
101.9
116.7
97.3
92.4
101.9
116.7
97.3
92.4
101.9
116.7
97.3
92.3
101.9
111.8
97.3
92.2
101.9
117.8
97.3
91.7
101.9
117.8
97.3
91.5
101.9
117.8
97.3
91.5
101.9
117.8
97.3
91.3
Exports, all grades total
Dissolving and special alpha
All otherImports, all grades, total
Dissolving and special alpha
All other
do
do
do
P80
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census) :
All grades, total, unadjusted... thous. sh. tons.. 144,091 47, 189
Paper
do
i 19, 187 20, 631
Paper board
do
120,835 22, 574'
153
Wet-machine board
do
1144
3,831
Construction paper and board
do
3,925
New orders (American Paper Institute) :
All grades paper and board
do
44, 296 46, 886
Wholesale price indexes:
Printing paper
1957-59—100
101.7
101.4
Book paper, A gra'de
_
do
115.1
110.6
Paperboard
•
do
97.1
96.4
Building paper and board
do
93.0
92.8
"1 Revised.
v Preliminary.
Reported annual total; revisions not allocated to the months.
101.9
117.8
97.3
91.4
4,128 ' 3, 871 P 3, 572
1,772 '1,683 p 1, 612
1,982 '1,862 P 1, 678
12
11
?271
363
315
101.9
117.8
97.3
92.1
101.9
117.8
97.3
92.0
Jan.
SURVEY OF CUERENT BUSINESS
February 1968
1965
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
Annual
1966
Dec.
S-37
1967
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
PULP, PAPER, AND PAPER PRODUCTS— Continued
PAPER AND PAPER PRODUCTS— Con.
Selected types of paper (API) :
Fine paper:
Orders, new
__thous. sh. tonsOrders, unfilled, end of period
do —
2,429
150
2, 637
159
202
159
230
164
215
158
238
157
237
174
231
174
222
177
201
178
232
168
197
147
'226
'154
do
do. _ _
2,410
2,413
2,641
2,623
214
205
237
231
222
223
237
236
230
230
229
231
216
211
194
196
236
243
212
212
'231
'229
do
do
6,198
510
6,711
553
556
553
581
572
494
496
561
496
554
513
532
467
569
526
500
509
514
462
515
468
'532
'478
P430
do
do
5,993
5,993
6,511
6,514
539
542
558
558
518
518
565
565
536
536
546
546
544
544
488
488
526
526
512
512
'526
'526
P519
do
do
4,590
4,723
382
200
392
212
393
225
422
223
392
213
367
190
387
199
330
195
418
218
388
238
'390
'220
P408
200
do
do
4,591
4,564
4,696
4,704
372
381
400
397
392
376
429
436
400
389
398
385
383
387
315
316
412
408
392
405
'411
'398
P410
do
do
do
7,720
7,747
8,419
8,385
667
740
184
698
612
270
659
602
327
695
653
369
670
692
348
704
741
311
652
713
250
668
592
326
705
665
365
641
660
346
681
704
323
675
687
311
602
646
268
do
do
do
2,180
2,183
19
2,408
2,405
21
198
205
21
227
209
39
212
199
51
225
225
51
223
221
54
227
249
32
222
228
27
197
191
33
225
212
46
209
211
44
228
226
47
222
228
41
204
206
39
Consumption by publishers cf
do
Stocks at and in transit to publishers, end of
period
_
thous. sh tons
6,387
6,898
593
542
511
585
609
616
568
522
544
568
634
622
587
573
681
681
682
672
676
654
676
711
727
726
707
698
673
630
Imports
_ '
do
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
$ per sh ton
6,323
6, 991
577
563
500
549
528
614
601
527
542
528
575
541
531
132. 40
136.23
138. 40
138. 40
138. 40
138.40
138. 40
138. 40
139. 00
141.40
141.40
141.40
141. 40
141. 40
417
796
410
90
449
724
445
92
412
731
423
84
456
748
404
91
451
720
455
92
450
705
453
91
459
695
452
90
448
690
452
88
446
614
460
89
393
654
377
73
454
645
454
90
448
702
419
84
«468
476
759
91
466
767
470
90
405
648
438
81
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil sq ft surf area
148, 471
160, 152
12, 982
12, 298
12,098
14, 056
12, 747
13, 999
13, 923
11,630
14, 336
14,227
15, 045
13,940
12,971
Folding paper boxes, shipments, index of physical
volume.
1 947-49 — 1 00
128.2
134. 1
140.1
124.6
122.4
141.7
128.6
136.5
141.6
118.5
142.0
137.4
143.8
' 139. 7
24 08
Production
Shipments
_
_
•
_
Printing paper:
Orders, new
Orders, unfilled, end of period
Production
Shipments
Coarse paper:
Orders, new_._
_ ..
Orders, unfilled, end of period
Production
Shipments _
. _
Newsprint:
Canada:
Production
Shipments from mills
Stocks at mills, end of period.
United States:
Production
._
Shipments from mills
Stocks at mills, end of period
210
150
Paperboard (American Paper Institute):
Orders, new (weekly avg.)
thous. sh. tons_.
Orders, unfilled, end of period
. _ do .
Production, total (weekly avg.)
do
Percent of activity (based on 6.5-day week)
184
P147
^221
P220
---_._-<
p405
446
686
410
88
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous Ig tons
Stocks, end of period,..
.__
do
Imports , incl. latex and guayule
do
Price, wholesale, smoked sheets (N.Y.)~$ per lb..
Synthetic rubber:
Production
Consumption
Stocks, end of period.-
-
thous Ig tons
do
do
Exports (Bu. of Census)
Reclaimed rubber:
Production
Consumption
Stocks, end of period
98.07
48 11
104. 98
51 75
38 56
107. 68
30 12
116 76
36 61
116.84
50 02
125. 83
33.58
126.95
33 06
24 13
23 27
43.57
47.47
118.43
33.55
.219
.208
.206
.208
.208
.220
.206
.193
.179
164 54
146 33
352 28
150 12
133 78
347 55
164 60
146 32
345 57
154 98
127 30
353. 99
138 41
108 25
355 O9
132 09
105 15
355 75
137 92
85 58
383 04
155 68
155 96
355. 30
167 69
152. 92
349. 60
514 71
100.01
445 32
554 13
82.87
431 66
29 54
39 37
.257
.236
.220
1 813 23 1 969 97 166 83
1 540 11 1 666 06 140 16
311 95
348 69 348 69
42 43
82.87
45 25
95.03
42 68
29 43
do
281 78
308 44
23 37
26 26
25.24
25.07
22.81
27 40
26 56
23 73
24.57
26.11
do
do
do
280 29
269 54
30 16
277 36
264 51
32 29
22 72
20 71
32 29
22 21
21 66
31 00
20 73
20 33
30 89
23 32
21 58
32 38
17 98
19 55
30 12
14 06
15 57
28 07
14 45
15 13
96 39
11 92
11 77
25 21
23 51
23 97
24 88
22 48
21. 22
thous
167 854
177 169
14 483
15 058
14 147
15 070
12 424
8 704
8 748
169
58
107
2
173
54
116
2
13 166 11 353
4 143
3 234
8 845
7 898
222
' 178
14 434
4 455
9 782
47 594
48 273
3 385
3 312
10 947
43.80
51 74 ' 46. 87
110.25 ' 109. 43 112. 99
35.46
50.23 48.22
.188
. 179
.175
178.74 '182 00
169. 76 '154. 75
335. 43 '347.00
185. 12
143. 49
369. 65
24.94
23.02
24.08
25 40
23. 13
25.20
24 90
' 27. 21
23.85
22.96
28.48
25.45 ' 21 . 38
.173
TIRES AND TUBES
Pneumatic casings, automotive:
Production
Shipments, total
Original equipment
Replacement equipment
Export.
.
do
do
do
do
Stocks , end of period
Exports (Bu. of Census)
do
do
Inner tubes, automotive:
Production.. __ _
Shipments
Stocks, end of period
Exports (Bu. of Census)
do
do
do
do
'Revised.
v Preliminary.
"Corrected.
060
280
905
875
464
680
348
436
12 388
4 629
7 564
37 016
2 331
49 KAQ
42 569
2 051
165
44 678
'l23
41 342
41 936
11 839
1 189
42 765
44 222
3 434
3 219
11 996
' 85
3 496
4 630
10* 846
' 68
11*996
1 100
196
115
55
198
156
16 299
4 330
11 788
16 265 16 201
4 695
4 835
11 293 11 401
' 137
' 105
44 410
07
181
(\QQ
147
107
3 103
9 6%
3 546
9 888
3 809
3 762
10 922
10 631
101
108
3*531
6")
og ggg
' 101
2 871
3 412
9*337
71
6 919
15 744
16 162
18 278
16 244
15 664
19 469
9 125
10 239
13, 818
2 673
10 971
15, 670 '16,695
3 693 ' 4 098
11 757 12 368
13,611
4,308
105
174
219
230
171
12,972
5,008
7,760
204
9
4 381
26 466
27 114
31 674
34 782
80
106
122
28 920
9 145
3 053
8 599
3 516
3 361
8 937
3,634
56
45
3 202
9,574
76
106
4,067
3 741
10 033
72
9 132
166
3, 816
3,191
10, 508
63
121
3,314
3,026
11,005
69
cf As reported by publishers accounting for about 75 percent of total newsprint consumption.
February 1968
SURVEY OF CUEEENT BUSINESS
S-38
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
Annual
Jan.
Dec.
1968
1967
1966
1966
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
39, 148
40,000
30, 604
665.8 '700.8
19.0
17.6
161.9 '163.4
610.9
17.3
126.7
Dec.
Jan.
2 6, 931
3
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement
thous. bbL.
374,086
380,694
21, 044
18, 457
17, 066
24, 758
27, 940
34, 765
37, 909
37, 527
44,632
7,606. 2
267.4
1,610.3
408.8
20.4
90.7
410.6
18.1
82.9
369.8
21.0
72.1
555.5
24.4
124.0
605.9
21.8
119.3
651.9
19.7
140.2
689.0
21.1
156.0
641.9
19.5
156.1
720.8
21.0
177.3
308.1
22. 2
22.0
15.3
19.2
19.9
22.4
21.8
19.5
20.7
18.3
'21.8
272.7
18.9
18.9
19.1
22.9
20.8
22.9
24.7
20.1
24 9
22.6
'21.6
112.4
112.9
112.9
112.9
113.1
113.1
113. 5
113.5
113.7
113.7
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick.. 8, 089. 1
Structural tile, except facing
thous. sh. tons
313.3
Sewer pipe and fittings, vitrified
....do
1, 732. 2
Facing tile (hollow) , glazed and unglazed
326.9
mil. brick equivalent..
Floor and wall tile and accessories, glazed and unglazed
mil. sq. ft..
283.4
Price index, brick (common), f.o.b. plant or
N.Y. dock
1957-59=100__
108.4
112.2
111.5
20.7
21.3
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments
thous. $_. 354, 308
r
85, 026
343, 138
87, 930
76 791
76, 644
136, 785
206f 353
34, 755
53, 175
28 388
48 403
29 862
46, 782
thous. gross.. 202, 050
211, 764
15, 609
17, 119
16, 852
18, 040
19, 185
19, 170
19,254
19, 147
20, 089
17, 938
20, 213
19, 499
Shipments, domestic total
do
195, 924
General-use food:
Narrow-neck food
do
21,548
Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars)
thous. gross. _ 53, 742
204, 093
16,197
15, 271
15, 010
18, 485
17, 458
18, 873
20,129
17, 540
20,410
19, 074
19,746
21, 122
21,605
1,403
1,448
1,651
2,056
1,804
1,818
1,909
1,609
2,275
2,906
2,251
1,700
52, 168
4,040
4,329
4,079
4,432
4,023
4,222
4,400
4,072
5,361
4,893
5,521
5,633
Sheet (window) glass, shipments
Plate and other flat glass shipments
Glass containers:
Production
do
do
140, 559
213, 749
35, 622
49, 404
Beverage
Beer bottles
Liquor and wine
do
do
do
20, 283
36, 134
17, 273
27, 098
38,895
17,608
2,677
3,234
1,368
1,852
2,692
1,338
1,918
2,631
1,291
2,763
3,885
1,682
2,796
3,890
1,495
3,304
4,329
1,602
4,301
4,526
1,588
3,384
4,068
1,136
3,440
4,048
1,479
2,628
3,511
1,598
2,963
3,209
1,915
3,728
3,559
2,137
Medicinal and toilet
Chemical, household and industrial
Dairy products
do
do
do
38, 797
6,882
1,265
39, 766
5,812
1, 141
2,943
424
108
3,093
442
77
2,865
497
78
3,069
505
93
2,959
425
66
3,074
453
71
2,883
448
.74
2,809
399
63
3,255
481
71
2,993
459
86
3,362
445
80
3,767
510
88
do
26, 945
30, 084
30, 084
31, 500
32, 964
31, 943
33, 580
33, 223
31,679
33, 675
32, 736
31, 201
31, 515
29, 428
5,911
10, 035
5, 479
9,647
1,253
2,180
737
2 033
1,171
2,236
1 442
2,742
do
9,320
8,434
1,806
1,793
1,824
2,320
do
do
4,580
319
4,693
322
1,087
80
757
78
1,277
74
1,331
72
do
do
828
976
680
899
136
205
135
183
148
202
161
240
1,368
8,083
271
1,079
7,084
228
213
1,516
43
219
1,596
49
220
1,576
64
315
2, 284
74
1, 151
!781
1350
971
656
299
969
649
304
1,338
849
475
1,330
850
466
Stocks, end of period
GYPSUM AND PRODUCTS (QTRLY)
Crude gypsum, total:
Imports
Production
thous sh tons
do
Calcined, production total
Gypsum products sold or used, total:
Uncalcined uses
Industrial uses
Building uses:
Plasters:
Base-coat
All other (incl Keene's cement)
Lath
Wallboard.
All other
mil sq ft
do
do
—
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills:
Production total 9
mil linear yd
Cotton _
do
Manmade
fiber
do
13 037
9 262
3 517
12 689
8 866
3 571
1 1 081
i 778
i 285
940
667
254
953 1 1 158
i 823
673
i 312
262
956
674
262
959
670
269
1 1 167
i 809
i 334
715
477
222
918
631
270
1
Stocks, total, end of period 9 cf
Cotton
Manmade
fiber
do
do
do
1 139
' 676
442
1 306
766
521
1 306
' 766
5°1
1 333
785
528
1 311
786
505
1 307
782
504
1 323
806
497
1 364
835
512
1?396
852
527
1 404
860
528
1,390
865
511
1,357
845
498
Orders, unfilled total end of period 9 f
Cotton
Manmade
fiber
do
do
do
4 140
3 023
999
3 222
2*408
746
3 222
2*408
' 746
3 209
2 423
718
3 059
2 251
737
3 046
2 290
686
2 801
2? 020
708
2 593
1 866
749
2 562
1 753
735
2 622
1 748
799
2 864
1 928
865
2 835 '2 957
1,882 '1,941
944
881
14, 933
9,562
257
632
14 973
9 296
9 575
9 647
3,202
2,099
1,022
COTTON
Cotton (exclusive of linters):
Production:
GinningsA
thous. running bales
Crop estimate, equivalent 500-lb. bales
thous bales
Consumption
do
Stocks in the United States, total, end of period
2
9,211
i 859
3
4
9, 533
770
749
23 787
20 265 20 265 19 047 17 848
9Q 186
93 682
Domestic cotton, total
do
20 186 18 968 17 770
9 535
On farms and in transit
do
954
1 121 l'l21 1 076
Public storage and compresses
do
19 619
17 639 17 639 16 262 14 942
Consuming establishments
do
1 528
1 426 1 4?6 1 630 1 874
Foreign cotton, total
do
105
79
79
' 79
78
••Revised.
i Data cover 5 weeks; other months, 4 weeks.
-' Ginnings to Dec, 13.
3 (Turnings to Jan. 16.
* Crop for the year 1966.
5 Dec. 1 estimate of 1967 crop.
9 Includes data not shown separately.
cf Stocks (owned by weaving mills and billed and held for others) exclude bedsheeting,
toweling, and blanketing, and billed and held stocks of denims.
9, 562
i 906
748
733
i 889
569
721
1,013
1
850
3,289
744
6, 327
7, 265
s 7, 618
*827
720
16 548 15 516 14 378 13 196 1 '? 433 19 400 18 235 17 088 15 715 14 603
16 479 15 455 14 326 13' 140 1?' 375 19 342 18 171 17 004 15 624 14, 513
1,526
2,564
5,808
7,459
7,926
801
671
713
472
300
9,790 11, 613 11,401
9,802
9,157
13 779 12 664 11 690 10 818 10 318
1,586
1
406
1,447
1 987 1 990 1 965 1 850 1 757 1 614 1,555
90
84
91
64
58
61
58
69
52
' 56
IIUnfilled orders cover wool apparel (including polyester-wool) finished fabrics; production
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting, toweling,
and blanketing.
ATotal ginnings to end of month indicated, except as noted.
SURVEY OF CUERENT BUSINESS
February 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
| 1966
Annual
1968
1967
1966
Dec.
S-39
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of linters)— Continued
Exports
thous bales
Imports
do
Price (farm), American upland
cents per lb___
Price, middling 1", avg 14 markets f
do
Cotton linters:
Consumption
thous bales
Production
do
Stocks, end of period
do
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :
Active spindles, last working day, total
Consuming 100 percent cotton
Spindle hours operated all fibers total
Average per working day
Consuming 100 percent cotton
mil-do
bil
do
do
Cotton yarn, price, 36/2, combed, knitting, natural
stock.
$perlb_.
Cotton cloth:
Cotton broad woven goods over 12" in width:
Production (qtrly.)
mil. lin. yd_.
Orders, unfilled, end of period, as compared with
avg. weekly production
No. weeks' prod__
Inventories, end of period, as compared with
avg. weekly production -.No. weeks' prod-Ratio of stocks to unfilled orders (at cotton
mills) end of period, seasonally adjusted
Mill margins:*
Carded yarn cloth average
cents per lb__
Combed yarn cloth average
do
Blends (65% polyester-35% cotton)
do
Prices, wholesale:
Print cloth, 39 inch, 68 x 72___ cents per yard__
Sheeting, class B, 40-inch, 48 x 44-48
do
22.0
21.9
458
7
19.8
22.0
458
5
'20.2
22.0
1,366
1,419
725
293
158
725
91
152
778
89
111
810
18.9
14.7
128.0
.493
102.9
19.5
15.1
132.1
.509
102.4
19.5
15.1
2 11. 3
.453
28.8
19.8
15.3
10.1
.503
7.8
19.8
15 3
10.0
.499
7.8
.891
.949
.953
.951
.945
3,795
99
3,597
100
'20.6
1,406
1,635
734
128.0
129.6
9,238
20.3
4.5
.23
607
4.5
.25
18.4
4.5
416
19
19.7
22.2
299
3
'20.3
22.4
228
4
'20.9
22.6
244
20
22.0
22.8
277
52
21.3
23.2
275
25
27.3
23.4
298
17
30.5
25.0
331
10
27.6
27.0
105
113
828
94
65
831
87
37
765
2104
40
693
70
26
637
79
40
595
297
33
546
84
92
538
81
'146
595
298
122
618
19.8
15.3
11.9
.477
29.3
20.0
15.3
10.0
.501
7.7
19.7
15.0
9.9
.496
7.5
19.6
14.8
212.3
.491
29.3
19.8
14.9
8.1
.403
6.0
20.0
14.9
9.8
.491
7.2
20.0
14.7
212.0
.481
2
8.8
20.1
14.7
10.3
.513
7.4
20.1
14.5
10.2
.511
7.3
211.7
.940
.934
.932
.927
.920
.920
.925
.927
.960
17.2
13.7
13.5
13.3
14.5
15.4
7.1
5.1
5.1
5.0
5.0
5.2
.37
.38
.34
.35
36.64
35.75
73.66
72. 52
55. 72 5 84. 03
33. 43
68.50
90.55
32.36
80.98
99.86
2
2
' 2,221
'8,840 ' 2, 174
18.4
288
3
'20.3
22.2
401
5
'20.4
22.1
16.1
14.9
4.2
4.3
14.5
4.4
4.5
12.7
4.7
12.3
5.1
.25
.26
.29
.32
.33
.37
.40
.41
.36
41.27
86.05
57. 22
40.69
79.75
55.64
40.54
78.97
52.69
40.42
78.52
51.28
40.09
77.62
51.18
39.59
76.06
49.47
38.33
75.43
43.03
37.90
71.79
43. 15
37.23
73.46
49.20
17.8
17.3
18.4
18.4
18.4
16.0
18.3
16.3
18.3
16.3
18.3
16.5
18.5
930 8
172.2
137.0
961.0
175.3
129.4
367.5
353.6
366.8
3 61. 4
283.2
264.3
74.1
296.8 3 108. 9
286.1 3111.4
73.4
3111.0
3.111.0
6,693
5,974
2, 305
11,982
9,368
5,071
2,535
14, 314
7,865
6,363
3,942
14, 029
58.4
55.5
58.6
49.4
53.0
44.9
155.7 ' 147. 4
132.1 ; 130.0
42.9
142. 8
131.5
18.6
17.5
18.7
18.0
18.3
18.3
do
do
3,532.2
825.0
648.0
3,860.1
799.8
659.2
943.1
197.6
150.9
937.5
181.3
155.3
do
do
do
997.7
779.2
282.3
1, 164. 7
904.0
332.4
298.5
210.8
85.3
300.2
224.5
76.2
Exports: Yarns and monofilaments
thous. lb__ 99, 923
Staple, tow, and tops
_ _ d o 50, 763
Imports' Yarns and monofilaments
do
15, 690
130, 108
Staple tow and tops
do
Stocks, producers', end of period:
Filament yarn (rayon and acetate)
mil. lb__
59.8
Staple incl tow (rayon)
do
55.8
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
__do
109.3
Staple, incl. tow _ _ _ ... do
96.7
Textile glass
fiber
do
32.2
98, 722
55, 522
16, 571
177, 570
8,609
7,608
1,587
14, 246
8,069
6,514
2,237
9,563
8,101
7,034
3,357
13, 600
7,453
6,314
1,908
14, 488
7, 492
6,290
1,574
10, 674
6,685
7,599
1,666
9,465
6,147
7,735
1,894
10, 776
5,806
6,062
1,532
13, 846
6, 442
7,426
2,178
13,395
67.3
70.1
67.3
70.1
70.2
74.5
68.6
80.1
63.3
82.8
60.9
80.8
61.7
78.4
60.1
77.1
64.4
75.5
59.7
62.4
150.2
129.8
42.5
150.2
129.8
42.5
' 163. 9
120.9
46.0
r 169. 1
129.7
163.0
128.4
.80
.80
1.58
.72
.81
1.54
.65
.81
1.54
.62
.81
1.55
.62
.81
1.54
18.4
20.1
14.5
.467
28.4
1,891
2,131
13.7
22.4
33.72
83.82
111.10
MANMADE FIBERS AND MANUFACTURES
Filament varn (rayon and acetate)
Staple incl tow (rayon)
Noncellulosic, except textile glass:
Yarn and monofilaments
Staple incl tow
Textile glass
fiber
Prices, manmade fibers, f.o.b. producing plant:
Staple: Polyester, 1.5 denier
$perlb__
.85
Yarn: Rayon (viscose) , 150 denier
do
.80
1.58
Acrylic (spun) , knitting,2/20,3-6 D*_ -do
Manmade fiber and silk broad woven fabrics:
Production (qtrly.), total 9
mil. lin. yd-- 3, 926. 2
Filament yam (100%) fabrics 9
do
1, 640. 6
Chiefly rayon and/or acetate fabrics __do___
855.8
Chiefly nylon fabrics
do
303.9
Spun yarn (100%) fabrics (except blanketing) 9
mil. lin. yd__ 1, 534. 6
Rayon and/or acetate fabrics and blends
643.3
do—Polyester blends with cotton
__do
713.5
Filament and spun yarn fabrics (combinations
519.4
WOOL
Wool consumption, mill (clean basis) :
Apparel class.
__
Carpet class
Wool imports, clean yield
Duty-free (carpet class)
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
Graded fleece, % blood,
Australian, 64s, 70s, good topmaking,
164.4
122.0
46.9
.72
.81
1.54
.72
.81
1.54
.72
.81
1.53
.72
.81
1.53
.68
.81
1.53
.62
.81
1.53
.62
.81
1.46
1, 000. 8
377.6
172.0
77.0
1,040.9
402.0
187.9 _ _ _ _ _ _ _ _
SO 6
4, 198. 0 1,003.3
1, 576. 6
369.4
735.0
171.1
334.6
80.5
1,020.4
407.7
194.3
81 3
466.5
457 5
486.1
471.7
624.6
1, 051. 2
152.1
257.0
151 8
259 5
154 4
284 9
135. 3
278.6
479.4
111.0
102.3
99 3
99.5
1, 907. 8
.62
.81
1.53
8,782
5,910
3,065
14,972
mil. Ib
do
do
do
274. 7
112.3
271.6
108. 9
266.6
103.6
277.2
114.6
218.9
27.8
19.3
8.6
18.5
7.1
16.5
7.0
18.4
6.1
13.1
4.2
222.1
2
6.9
17.6
5.7
18.6
6.6
13.9
3.2
19.0
7.1
13.9
5.6
223.3
26.9
15.8
6.3
15.4
4.6
13.9
6.9
18.1
7.0
15.0
7.3
220.8
28.5
17.7
7.2
16.7
7.3
13.9
6.6
17.5
6.8
16.9
8.7
220.3
29.1
19.0
9.3
$ per lb—
do
do. _
1.249
1. 192
1. 156
1.349
. 1.171
1.259
1.325
1.075
1.225
1.288
1.050
1.188
1.225
.975
1.175
1.213
.945
1. 175
1.175
.918
1. 125
1.175
.895
1.125
1.235
.975
1.175
1.245
.938
1.175
1.237
.895
1.165
1.225
.838
1.125
1.225
.825
1.125
1.177
.825
1.125
1.165
.835
1.162
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, American
system, wholesale price
1957-59=100—
Wool broadwoven goods, exc. felts:
Production (otrly )
mil lin vd
Price (wholesale), suiting, flannel, men's and
107.8
108.2
102.8
100. 7
100.1
98.2
91.0
91.6
91.9
92.5
90.0
90.0
89.4
88.2
101.8
100.5
267.3
'264.9
•\c\c\ o
i no 7
'54.4
ir>Q o
1AO 7
2
3
' Revised.
1 Season average.
jror 5 weeks, other months, 4 weeks.
For month
shown.
* Less than 500 bales.
« Comparable margins for Sept. 1967, 78.50 cents; see
note"*."
IfBeginning Sept. 1967, average of 14 markets.
*New series. Beginning Aug. 1966, mill margins refer to weighted averages of 71 types of
ino 7
53.5
65.9
61 8
ino 7
im P;
im ^
im s
1.165
.825
1.175
101 5
101.5
101.8
unfinished carded yarn cloths and to simple averages of 8 combed yarn cloths and 4 Polyester cotton blends (beginning Oct. 1967, 5 blends); no comparable data prior to Aug. 196b are
available. Spun yarn price (BLS) available beginning Jan. 1965.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
| 1966
Annual
February 1968
1968
1967
1966
Dec.
Feb.
Jan.
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
18 990
19 879
16 020
19, 959
18, 924
20, 199
19, 870
15, 368
1 532
*365
1 538
390
1 726
395
880
278
1 639
361
1 649
290
1 774
345
r 1, 840
'335
1 597
269
Apr.
Mar.
May
Jan.
TEXTILE PRODUCTS—Continued
APPAREL
Hosiery, shipments
Men's apparel , cuttings :
Tailored garments:
Suits
Overcoats and topcoats
thous. doz. pairs
194 753
210 425
15 873
18 323
19 296
iq 234
thous units
do
21 855
3 980
20 715
3 799
1 436
238
1 462
226
1 537
927
1 724
331
Coats (separate) , dress and sport
do
Trousers (separate) , dress and sport
do
Shirts (woven fabrics), dress and sport
thous. doz
Work clothing:
Dungarees and waistband overalls
do
Shirts
.._
" do
12, 291
142,348
13, 148
145 673
1 080
10 491
1 103 1 055
11 038 10 994
1 176
12 322
1,090
10 571
1 115
11 202
1,084
12 019
623
8,923
1,039
12, 219
1,104
11,337
1,116 ' 1, 159
11, 624 r 11, 594
996
9,911
28 211
27 827
2 207
2 469
2 129
9 070
2 061
1 504
2,255
2, 087
2,417 f 2, 288
1,866
Women's, misses', juniors' outerwear, cuttings:
Coats .
thous units
Dresses
do
Suits
do
Blouses, waists, and shirts
Skirts.
thous. doz
do
2 382
2 477
17 856
s
709
303
4 862
3,906
5 909
4 096
591
288
531
325
552
348
648
372
596
314
636
341
669
331
441
232
606
324
25 274
282 071
11, 859
24 595
271 107
r 10 375
1 680
18 311
'762
2 075
22 292
984
1 918
24 592
1 259
30 453
r 872
rg23
923
27 523
r 554
1 419
95 359
r 543
1 776
23 693
r 702
1 759
19 256
r592
2 215
25r 311
715
2 090 r 2, 177
20, 956 '22, 882
547
698
777
523
1 160
756
1 205
710
1 350
792
r I
r I 209
r 1 179
r gOS
r 961
r 801
f 1 218
r
18, 072
8 876
r
17 053
10 225
271
r 790
f 724
r 784
1.145
r
687
642
308
f 1,r 356
754
r
490
307
553
271
2 159
22, 426
744
1,141
582
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net) , qtrly. total
mil. $
U.S. Government
do
Prime contract
.do
Sales (net), receipts, or billings, qtrly. total. -do..
U.S. Government
do
22. 181
14, 571
20,099
17. 016
12, 535
27 223
16 351
24 219
20, 227
14 530
5 908
3 819
5 449
5,455
3 921
5 193
3 613
4*586
5,171
3 717
Backlog of orders, end of period 9
do
U.S. Government
_
do
Aircraft (complete) and parts
do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units, and parts
mil. $
Other related operations (conversions, modifications), products, services
,mil. $
20,383
13, 695
8,885
2,502
27, 547
15 711
14,655
3,824
27, 547
15 711
14 655
3,824
30, 754
15 975
17 446
3,861
5,481
4,510
4,510
4 740
4 833
5,142
1,855
2,492
2,492
2 668
2 578
2,618
do
1 592 0 2 087 0
thous Ib
32 200
43 983
mil $"" 473,0
553 7
198 2
4 019
53 7
0 EQO
Aircraft (complete) :
Shipments ©
Airframe weight ©
Exports . .
438
727
864
925
076
6,821
4,686
6,166
5,730
4,004
28, 964
16 142
15 508
3,957
30, 062
16, 834
15, 748
4,487
7
4
6
5
4
220 9
4 133
52 4
281 5
4 920
46 3
243 2
4 531
85 6
273 2 r 296. 6
5 239 r 5 367
95.2
48 7
146 4
133 0
530.8
506 3
425.5
410 6
105.3
95.6
324.2
300 8
231.6
218 3
92.6
82 5
710.5
670 3
601.0
570 6
109.5
99 7
751.9
706 9
645.4
608 8
106.5
98.1
807.7
761.8
683.0
645.2
124.7
116.5
957. 8 1.971. 4
903.9
813.9 i 808. 8
768.5
144. 0 1 162. 6
135.4
1 13
8 24
58
1 18
13 32
92
8.87
.37
.76
in on
1 33
9 09
.57
1 19
21 56
74
5 27
62
96
25 76
1.02
5.09
.47
.45
26 74
.69
5.16
.42
.76
37 13
.80
6.15
.34
.52
66 97
21
6 nfi
80 66
45
7 An
Q4 4ft
85 06
32
7 44
44 98
28
9 KQ
68 97
43
5 58
98 07
.48
5 07
100 48
.91
3 13
110 67
.82
8 88
262 0
4 984
55 2
259 8
78 7
224 9
4 329
62 3
660.2
628 1
525.6
501 9
134.6
126 2
833.4
785 1
684 1
647 4
149 3
137 7
792.2
749 4
659.8
628 3
132 4
121 1
898.3
848 7
750. 3
713 4
148.0
135 3
911.7
865 2
765 3
21 96
89
7 08
.46
.88
14 19
84
6 57
.51
1 09
qi AI
9fi fiQ
OK QK
96
7 54
53
1 14
81
7 75
57
1 19
108 55
22
1 n 4°.
102 30
21
6 70
79 52
33
5 49
88 4fi
113 493
75 527
8 376
5 602
8 322
5*253
14 653
18 402
1 222
8 084
5 274
i 097
010 Q
2 g 008 5
2*658* 1
2
1,610. 4
OnO 9
569 4
1 528 9
77 gge
53 392
24 504
90, 349
67 944
22 405
8 244
1 957
88 288
65 617
99, 873
73 190
261 8
42 9
141 2
3 016
53 3
923.6
878 1
775 1
740 5
148 5
137 6
797.3
758 1
651.2
695 0
146.1
133 1
on 01
91
7 23
42
70
559 43 3 913 21
8 00
5 75
7 60
42 96
103 756
65 909
135 0
K 1 Q4.
4 Bfi9.
71 0
378.6
6 996
95.3
MOTOR VEHICLES
Factory sales, total
_
thous..
Domestic
.
do
Passenger cars, total
_____
do
Domestic
do
Trucks and buses, total
do
Domestic
do
Exports:
Passenger cars (new) , assembled
do
P assenger cars (used) ...
" do " " "
Trucks and buses (new), assembled
do
Trucks and buses (used)
do
Truck and bus bodies for assembly
do
Imports:
Passenger cars (new), complete units
do
Passenger cars (used)
do
Trucks and buses complete units
do
Shipments, truck trailers:
""
Complete trailers and chassis
number
Vans...
do
Trailer bodies and chassis (detachable), sold"
separately
number
Eegistrations (new vehicles) : O
Passenger cars
Foreign cars_
Trucks (commercial cars)
thous
do
do
RAILROAD EQUIPMENT
Freight cars (AECI):
Shipments.. _ _ _ _ _
number
Equipment manufacturers total
do
Railroad shops, domestic
""do
New orders
__
Equipment manufacturers, total
Railroad shops domestic
do
do
do
Unfilled orders, end of period
do
Equipment manufacturers total
do~
Railroad shops, domestic...
_________do___^
Freight cars (revenue), class 1 railroads (AAR):§
Number owned, end of period
thous
Held for repairs, % of total owned
Capacity (carrying), aggregate, end of period"
Average per car
'tons"
11,057.4 10, 329. 5
10 716 6 9 943 5
9, 305. 6 8, 598. 3
9 100 7 8 336 9
1,751.8 1, 731. 1
1 615 9 1 606 6
105 03
10 42
59 67
5.77
7.29
9
177 58
12 72
78.64
6.79
10.70
AIR i
46 4
113 2
1 658
7
in 111
6 309
2
9.77
COO Q
5 376
7 489.
3 999
6 492
3,684
7 485
4 336
7 871
4*619
8 787 rr 7 884
5,549
5, 161
7 201
4, 752
AQ1
9 808
9 997
2 866
9 704.
1 869
1 787 r 2 326
1 436
7Sfi 1
a Bfi7 A.
3
7,217
5 929
1 288
8 101
9 156
7n f\KA
•) AO
8 311
6 344
8 458
2 053
1 845
1 250
-i
8 401
2 889
5 R1 9
2,055
1 743
312
3 358
2 908
5 028
3 824
1 728
1 444
4 169
3 244
AKf\
9ft
45 266
09 070
12,393
56 618
KO. C I O
A f \ _I9R
51 450
f\KK
00 Q_10
A a 1Q7
qc 900
AT)
A(\ 49fi
09
f\AQ
16, 192
16, 192
12, 507
10,904
10, 006
1 481
5 3
1 407
407
1 40fi
1 AQO
4 8
50
51
88 20
59.' 58
01 ^8
01
%%
01 79
01 QQ
61.19
61.19
61.31
61.42
48
8 89fl
b
66 7
b 139 5
fi 048
1
4.08
ft
Aftfi
9841
5
004,
Q9K
r
r
5 686
6,039
4 291
1*748
5,122
3 958
1 164
5,487
3 991
1 496
6 347
2 338
4 nnn
4,609
3 949
2, 398
2 352
46
6, 221
3,377
2 844
8,596
4,557
4 039
K' 770
910
1 137
7 294
6 757
2 365
2 140
' K97
' 995
5 543 5 b 696 4 b 632 5 b 724 7
b
72.3 & 63.1 *> 65.8
b 67 6
b 119 2 & 115. 7 & 106. 2 & 120. 4
6 262
4 344
1 918
6 916
4 77fi
fifift
09 4.QQ
94 °.7°.
on 79.n
27 063
26 483
51 5
8,445
8,120
7,723
6, 702
9,771
24 819
1R °,ftfi
8,513
21 082
14 311
6,771
21 828
13 730
8,098
24 917
14 276
10,641
1
1 497
55
1 496
55
1 496
54
1 492
'5.2
1 482
5.1
no ni
no on
62.14
62.36
93 50
62.' 46
1 493
5.3
93 54
62*. 64
93 60
62! 74
93 16
62.85
34 960
9fi
9ft °.fl1
4.00
1 40fi
1 4GB
52
52
09 9^
09 51
61.60
61.72
09 fin
61.87
* 09 on
62.04
50
j, 742 8 b 71fi 9
b 65 4 b 83 9
6130 7 b 141 i
Af\Q
51
1
5 80
56
88
7 QQfi
63 3 a 70 0
144 6 a 139 o
ft 987
93
4 829
57 5
132 2
99 fi71
«QO
95
45 2
108 9
56 3
136 8
2
/Revised.
i Preliminary estimate of production.
Annual total includes revisions not
distributed by months.
3 Revised to reflect Jan.-Apr. imports from Canada of new and
used cars and other motor vehicles not specifically identified; beginning May 1966, data refer
to total imports (mcl. those from Canada) of new, on-the-highway, four-wheeled passenger
automobiles. Revised Jan.-Apr. 1966 data (thous.): 77.9; 73.0; 93.7; 59.0.
"Omits data for
31
9Q
709 o
1 fi 71 9
two States.
&Omits data for one State.
9 Total includes backlog for nonrelated products and services and basic research.
©Data include military-type planes shipped to foreign governments.
©Courtesy of R. L. Polk & Co.; republication prohibited.
§Excludes railroad-owned private refrigerator cars and private line cars.
••-•
.SECTIONS
General:
Business indicators. »
Commodity prices..,,,,...,•
Construction and real estate.
Domestic trade, „ . ' , . . ,
,.,,,.,
,,.,
1-7
7-9
' . , , . , - 9,10
10-12
Labor force, eriiployment, and earnings,,.,,,.
Finance
',..,.;
',.,,,
Foreign trade of the United States., v . , .
,.
Transportation and communications
12—16
16-21
21-23
23,24
Industry:
Chemicals and allied products...
:,. 24, 25
Electric power and gas
,
25,26
Food and kindred products; tobacco. . , , > , , , , , . 26-30
Leather and products
30
Lumber and products. .
,..,,....,...
31
Metals and manufactures.
• . . . , . . . , . . . , 31-34
Petroleum, coal, and products
.
34,36
Pulp* paper, and paper products.,.......,..,. 36,37
Rubber arid rubber products.. .
Stone, clay, and glass products
Textile products
.., • •
Transportation equipment
37
38
.. .7... 38-40
40
INDIVIDUAL SERIES
Advertising. ;
. , , , . . . . . , . , , ' , , . . . , . . . 10,11,16
Aerospace vehicles
«
40
Agricultural loans,..» ..16
k...
Air carrier operations
23
Aircraft and parts. .
4,6,7,40
Alcohol, denatured and ethyl,.,. ,. '.,.,
25
Alcoholic beverages
,,:,..'
11,26
Aluminum
33
Apparel.
,
1,3,4,8,9,11-15, 40
Asphalt and tar products.
35, 36
Automobiles, etc.
1,3-9,11,12,19,22,23,40
2,3
Balance of international p a y m e n t s . . . , . , . . , ; ; » . »
16,17
Banking,
Barley,
C.'....
,
T. ...
27
Battery shipments. . , . . . , . . . . . , . . «
34
; ..
Beef arid veal
28
Beverages
,
4,8,11,22, 23,26
Blast furnaces, steel works, etc ,
5-7
Bonds, outstanding, issued, prices, sales, yields,,.. 18-20
33
Brass and bronze
........ t
38
Brick.......
Broker's b a l a n c e s . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
20
Building and construction materials,.. .
7-8,
10,31, 36,38
Building costs...».,.,
10
10
Building permits
.,,........,..
7 '
Business incorporations (new), failures.
Business sales and inventories. . . . , . , . .
, 5
Butter
,
26
Cattle and calves,,,
:;
28
Cement and eoricrete products
9, 10,38
Cereal and bakery p r o d u c t s , . . . , , » , , , , , . . , , . . . .
8
Chain-store sales, firms with 11 or more stores.\ .
12
Cheese,.,..,.».,
26
Chemicals
4-6,8,13-15,19, 22-25
;
Cigarettes arid cigars.
........
30
Clay p r o d u c t s , , . „ . , . . . , . , , . , , . . ......\ . . . . . 9,38
Coal,
,,
4,8,22, 34,35
Cocoa
23,29
Coffee.,...
,.,.,»..,...
, .. 23,29
Coke....
35
Communication
2, 19,24
Confectionery, sales
„
29
Construction:
Contracts.
,
9
Costs, •. . •:•..', .,......,...:
10
Employment, unemployment, hours, earnings. . 13-15
Fixed investment, structures.. . . . . . .".
1
Highways and roads, , . . . . . . » , . . » . . . . . . . , . , . 9,10
Housing starts
.....,».„,,,,.»
10
New construction put in p l a c e . . , . , . . . . , . . . . , .
9
Consumer c r e d i t . , , . » . , , , , . . , , . , , , . . . ' . . . , ' , . , ' . , " 17,18
1
Consumer expenditures.,
Consumer goods output, index. . . . . . . . . . . . . . . . .
3,4
Consumer price index
7,8
Copper,
.....,,,
33
Corn.....................
,,,.,
27
Cost of living (see Consumer price index)
7,8
Cotton, raw and manufactures
- . , . > . 7,9,22, 38*39
Cottonseed cake and meal and oil» . , . . . ; . . » . . . .
30
Credit, short- arid intermediate-term. . . . . . . . . . . . 17,18
Crops.
3,7,27,28, 30,38
Crude oil and natural gas.
4,35
Currency in circulation,
19
Dairy products.
,
3» 7» 8,26,27
Debits, bank..
,,
16
Debt, U.S. Government
,
18
Department stores.
,,
11,12
Deposits, bank..... . . . . .
;. ,,. . . .. .
16,17,19
Disputes, industrial
,,
•.,;..
16
Distilled spirits.
26
Dividend payments, rates, and yields. ,
2,3,18-21
Drug stores, sales
,
11,12
Earnings, weekly and hourly
Bating and drinking places
Eggs and poultry
„....;..
Electric power.
Electrical machinery and equipment
14, 15
11,12
3,7,28,29
4,8, 25,26
4-8,
13-15,19,22,23,34
Employment estimates......
12-15
Employment Service activities,
16
Expenditures, U.S. Government
18
Explosives
25
Exports (see also individual commodities).... 1,2,21-23
Express operations
23
Failures, industrial and commercial
7
Farm income, marketings, and prices.
2,3,7,8
Farm wages..; *
15
Fats and oils.
8,22,23,29,30
Federal Government
finance
18
Federal Reserve banks, condition of
16
Federal Reserve member banks
17
Fertilizers.
8,25
Fire losses
,
:
.,
10
Fish oils and
fish
29
Flooring, hardwood
31
Flour, wheat.
,...
, . 28,29
Food products
1,4-8,11-15,19,22,23,26-30
Foreclosures, real estate.».,,'.'
10
Foreign trade (see also individual commod.)..... 21-23
Foundry equipment,
34
Freight cars (equipment)
,
4,40
Fruits and vegetables.
7,8
Fuel oil.
35,36
Fuels.
4,8,22,23,34-36
Furnaces,
»
34
Furniture
,
4,8,11-15
Gas, output, prices, sales, revenues
Gasoline.
Glass and products
Glycerin
.;
Gold.
Grains and products.,;.....
Grocery stores. .,
Gross national product.
Gross private domestic investment,.,
Gypsum and products
4,8,26
1,35
38
25
19
7,8,22,27,28
. . . . , . . , 11,12
1
1
9,38
,....
Hardware stores
11
Heating equipment.
,, . 9,34
Hides and skins,...
,
8,30
Highways and roads
,
9,10
Hogs,
28
Home electronic equipment.,,,,,..
8
10
Home Loan banks, outstanding advances.
Home mortgages.
10
40
Hosiery..«...,.....,.;..,....
Hotels. .
24
14
Hours of work per week,
Housefurnishings. ,
,„
1,4,8,11,12
Household appliances, radios, and television sets.
4,
8,11,34
Housing starts and permits
10
Imports (see also individual commodities). . . . . 1,22,23
Income, personal.
2,3
Income and employment tax receipts............
18
Industrial production indexes:
By industry
3,4
By market grouping
3,4
Installment credit.
12,17,18
Instruments and related products
4-6,13-15
Insurance, l i f e , . . , . . . , . , . , , .
18,19
Interest and money rates
17
Inventories, manufacturers* and trade
5,6,12
Inventory-sales ratios
6
Iron and steel
4, 5-7,9,10,19,22,23,31,32
Labor advertising index, strikes, turnover.
16
Labor force
12,13
Lamb and mutton
28
Lard,
28
Lead,.
33
Leather and products
4,8,13-15, 30
Life insurance
,,
18,19
Linseed oil
.....,,
,
,
30
Livestock
, 3,7,8,28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit)
10,16,17,18,20
Lubricants.
35,36
Lumber and products. ,
4,8,10-15,19,31
Machine tools,
, .,
34
Machinery
,
4, 5-8,13-15,19,22,23,34
Mail order houses, sales.
11
Man-hours, aggregate, and indexes
14
Manmade fibers and manufactures
9,39
Manufacturers' sales (or shipments), inventories,
orders
4-7
Manufacturing employment, unemployment, production workers, hours, man-hours, earnings. . . 13-15
Manufacturing production indexes. . .
3,4
Margarine.
«
29
Meat animals and meats,
, , , 3,7,8,22,23,28
Medical and personal care
7
Metals.
4-7,9,19,22,23,31-33
Milk
27
Mining and minerals.
2-4,9,13-15,19
Monetary statistics
19
Money supply
19
Mortgage applications, loans, rates.
10,16,17,18
Motor carriers.
23,24
Motor vehicles.
,.
1,4-7,9,11,19,22,23,40
Motors and generators
34
National defense expenditures...,...,,.....
. 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
...,..., 4,9,19,22,23,33
Noninstallment credit.
.,.....-,....,.
17
Oats....;.•
......,.....,,,.....,.<,,....
27
Oil burners
34
Oils and fats
> ............ 8,22, 23, 2$, 30
Orders, new and unfilled, manufactures*,...,.,,»
6,7
Ordnance.
,,.,.,,,;,V.
. . . . . . » . . , 13-15
Paint and paint materials...».,,
Paper and products and pulp.....
, . . . , . , . . 8* 25
.....,',,.. 4-6,
9*13-15,19,23,36,37
Parity ratio,..,.,,.... r - . . % , , » , .,•
„. „ v . . - . . ' . " " 7
Passports issued.,
,,.,..,...,,.
.,..,.
24
Personal consumption: expenditures,,,
,
1
Personal i n c o m e . . . , . . . , , . . , , . . , . , , /
2^ 3
Personal outlays... ..........
2
Petroleum and products
. . . . , . . . , . , . , . . , . 4-6,
8,11,13-15,19,22,23,35,36
Pig iron. . . . . . ; . , . ,
.,<,,.
... ' 32
Plant and equipment expenditures,.......,, .'-V. r 2,20
Plastics arid resin materials..,
..,..,....,.,
25
Population
...,.,,.,,,„.,,,,....:..,,,..
12
Pork
:
28
Poultry and eggs., . . . . , , . . . _
1 . . . . , 3,7,28,29
Prices (see also individual commodities). . . , » . * » .
7-9
Printing and publishing.
4,13-15
Profits, corporate.
,,,.......,,,...,
2T19
Public utilities
,, 2-4,8,9,13,19-21
Pullman Company...................... 4 . . . . .
24
Pulp and p u l p w o o d . . « , . . . . , . . , , , , , - . , , » . . . . - . . .
36
Purchasing power of tb.e dollar..,...,.,;
»,
9
Radiators and convectors.
«
34
Radio and television.
4,10,11,34
Railroads..
V . . . . . . . . 2,15,16,19,20,21,24,40
Railways (local) and bus l i n e s . , , » . . . . , , , , . . . . . ;
23
Rayon and acetate.
39
Real estate
10,17,18
Receipts, U.S. Government
18
Recreation.
,,,.......
8
Refrigerators and home f r e e z e r s . . , . , , . , , . . . , , , .
34
Rent (housing),
,
7
Retail trade.
5,8,11-15,17,18
Rice.
.....,.;
i,,,....
27
Roofing and siding, asphalt
..;..,.. * . . .
36
Rubber and products (incl. plastics)..»./,..,.». 4-6,
9,13-15,
~ " "* 23,37
Saving, personal*....,.,.. .^.
2
Savings deposits.., .., ; !; , / . , . . , . ; , . , , , , . . . . . ,
17
Securities issued,»
. . . , . . . ,19,20
Security markets
; ,\ ..,
20,21
Services,
..,,....,..,,;
1,7,13
Sheep and lambs
;....,
28
Shoes and other footwear..,
. . . . . . . , . , 8, XI, 12,30
Silver,......,.......,.,......,......:
19
Soybean cake arid meal and o i l . . ; , . , , . . , . , . , . . .
30
Spindle activity, cotton
I
39
Steel Craw) and steel manufactures
.
,. 31,32
Steel scrap
.....,.,....,.....,.<:,,..,,
31
Stock prices, earnings, sales, etc,
« . ., 20» 21
Stone, clay, glass products......... 4-6,8,13-15,19,38
Stoves and ranges, . . . . . . I . . , . . , . , , , . . . . . . , , , , : 34
Sugar.
. 23,29
Sulfur.
v.,.......,....,;....
25
Sulfuric acid,,.,......,,
,.,,...,.
24
Superphosphate
25
Tea imports. .. , , . , , » , . . , . . . ,
.. ...........
29
Telephone and telegraph carriers . . . . , , , , . » . . , . .
24
Television and radio
4,10,11, 34
Textiles and products
4-6, 8,13-15,19,22, 23,38-40
Tin
.-•»
33
Tires and inner tubes.
9,11,12,S7
Tobacco and manufactures. , , . . . , » 4-6,9,11,13-15,30
Tractors.,
^
34
Trade (retail and wholesale)
5,11,12
Transit lines, local. ... 1 , . , . . . . . . . ; . , , , , » . . . . . ,
23
Transportation..
.... .
1,2,8,13i23,24
Transportation equipment ;
4-^7,13-15,19,40
Travel, . - , . . . . . . . . . . / . , . : " ; ; ;
-:. -.'. .". :.. 23,24
Truck trailers.,
40
Trucks (industrial and other)....... .4 ......... 34,40,
Unemployment and insurance....»;.
12* 13,16
U.S. Government bonds
16-18,20
U.S. Government
finance,
.:.,...,*..
18
Utilities.
. . . . . , . . . . , ; 2-4,9,13,19-21,25,26
Vacuum cleaners, . . . » . . , , .
».,»...»,..
34
Variety stores, . . . . , ,
. . . . ..
. . . . . . . -t... 11,12
Vegetable oils
;...,,.,
:
, 29,30
Vegetables and fruits.
;,
:....,
7,8
Veterans' benefits.
,
, 16,18
Wages and salaries, . . . . . . . . . , * t . . . v . . . . . . . 2,3,14,15
Washers and driers,
34
Water heaters
...,..,
.........
34
Wheat and wheat
flour,
*
28
Wholesale price indexes
,.,,,,,
8,9
Wholesale trade
5,7,13-15
Wood pulp
:.;.......
36
Wool and wool manufactures.
9,39
Zinc.
33
POSTAGE AND FEES PAID
U.S. GOVERNMENT PRINTING OFFICE
UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBL
WASHINGTON, D.C. 20402
First-Class. Mail
OFFICIAL BUSINESS
MAJOR BUSINESS INDICATORS: ANNUAL SUMMARY, 1963-67
Item
1963
1964
1965
1966
19671
590.5
632.4
683.9
743.3
785.0
Personal consumption expenditures
375. 0
Gross private domestic investment
87 1
Net exports of goods and services
59
Govt. purchases of goods and services.. 122.5
401. 2
94.0
8.5
128. 7
433.1
107.4
6.9
136.4
465.9
118.0
5.1
154.3
491.7
112.1
4.8
176.3
581.1
616.7
652.6
669.3
518. 1
562.4
616.7
649.6
Item
1964
1965
1966
1967
219 6
237 6
260 7
541.3
289 8
251.4
542.9
280.4
262. 5
46 2
53 0
61.5
78.4
75.3
3.1
81.6
78.4
3.2
106.7
108.1
109.9
113.1
116.3
100 3
100 5
102.5
105.9
106.1
124 3
124 9
124 5
125 3
107 9
140 0
132 3
133 1
133 5
132 6
111 5
151 3
143 4
145.0
148 4
140 8
114 8
160 9
156 3
158. 6
164 8
150 8
120 5
173 9
63.4
44.1
26 2
19.4
66 2
45.8
26 3
20 4
71.9
49.8
26.3
22.1
74 4
50.4
23 8
23 9
71 8
67 8
41
57
73 1
69 3
38
52
74 5
71 1
3.4
4 5
75 8
72 9
29
38
77 3
74.4
3.0
3.8
56.7
58.3
60.8
64.0
66.1
12 6
40.5
12 8
40.7
13 4
41.2
14 3
41.3
14.2
40.6
2 46
2 53
2 61
2 72
2.83
Consumer credit (short- and intermediate-term) outstanding end of year*
Total (bil. $)
Installment
70 5
54 2
78 4
60 5
87.9
68 6
94 8
74 7
99.2
77.9
Federal finance (bil. $):
Budget receipts and expenditures:
Receipts, net
Expenditures' total
87 5
94 2
88 7
96 9
96.7
101 4
110 8
118 1
117.7
131.7
150 6
31 5
119 0
105 5
156 4
33 5
122 8
119 4
162 6
35 3
127 3
137 6
169 8
37 5
132 3
154 0
176.4
39.4
137 0
173 2
23 3
17.1
26 5
18.7
27 5
21.4
30 3
25.5
31 5
26. 8
Manufacturing and Trade Sales,
Inventories, and Orders — Continued
National Income and Product
Gross national product, total (bil. $)— -~
Gross natl. prod., total (bil. 1958 dol.)
National income (bil. $)
.
551.0
_ _ __ 481.9
Personal Income
Total (bil.$)
..
—
465 5
Wage and salary disbursements, total. 311. 1
Other labor income
14 9
Proprietors' income
51 0
Rental income of persons
17.1
497.5
537.8
584.0
626.4
333.7
16 6
52 3
18 0
359. 1
18 6
56 7
19 0
394.6
20.8
59.3
19.4
423.8
23.2
58.4
20.1
Dividends.-.
Personal interest income
Transfer payments
Less personal contributions social insur.
16.5
31 4
35 3
11.8
17 8
34 9
36 7
12 5
19 8
38 4
39 7
13.4
21.5
42.4
43.9
17.9
22.8
46.5
51.9
20.4
Total nonagricultural income (bil. $).-,_-
448.1
480.9
518.4
563.1
606.5
39.22
44 90
51 96
60.63
61.48
15 69
7 85
7.84
18 58
9 43
9 16
22 45
11 40
11 05
26 99
13 99
13.00
26.84
13 78
13.07
1 04
1.10
1.92
5.65
3 79
10 03
1 19
1 41
2 38
6 22
4 30
10 83
1 30
1 73
2 81
6 94
4 94
11 79
1 47
1 43
1.55
1.98
3.44
3.88
9.59
8.41
5 62
12 74 2 18 20
New Plant and Equipment Expenditures
All industries, total (bil. $)_.
.__
Manufacturing
Durable goods industries
Nondurable goods industries
..
Mining
Railroad
Transportation, other than rail
Public utilities
Communication . _ _ _ _
Commercial and other
Manufacturing and Trade Sales,
Inventories, and Orders
Sales, total (bil. $) c?1
._—.._.—
Manufacturing, total d"
___:
Durable goods industries
_ ._.
Non durable goods industries d"
1, 035. 1 1,058.5
216.8
230. 8
252. 2
527.6
276. 1
251.6
539.9
277.4
262.4
Retail trade, total
Durable goods stores
Nondurable goods stores
246.4
79 5
166.9
261 6
84 2
177 5
283.9
93 7
190 1
303. 7
97 8
205 9
313 4
99 7
213 8
Merchant wholesalers, total..
Durable goods establishments
Nondurable goods establishments....
160.6
68.7
91.9
174.3
75 7
98.6
187.1
82 7
104.4
203. 8
91.0
112.7
205.2
90 5
114.7
133. 5
138.7
Inventories, book value, end of year, unadjusted, total (bil. $) cf— . ..
Manufacturing, total c?.___.
Durable goods industries
Nondurable goods industries cf
__
35.6
38 0
41 8
77.1
49 4
27 7
81.7
53 1
28 6
Retail trade, total
___
Durable goods stores..
Nondurable goods stores
28 5
12 1
16 4
30 2
12 9
17 3
33 4
14 7
18 7
35 8
16.1
19 7
35 5
15 5
20 0
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments. ._
16 o
89
7.1
16 9
96
7.3
18 1
10 3
7.8
20 5
11 8
8.7
21 5
12 2
9.3
i Preliminary.
1
1963
Manufacturers' orders (bil. $) :
New (net), total cf
Durable goods industries
Nondurable goods industries d1
Unfilled, end of year, unadjusted cf .
Durable goods industries
Nondurable goods industries d1--- ..
Prices
Consumer prices, all items (1957-59=100).
Wholesale prices (1957-59=100): All
commodities, combined index.
Production
Industrial prod., total (1957-59=100)
Manufacturing
__
Durable manufactures
Nondurable manufactures
Mining
Utilities
Construction
New construction, total (bil. $)
Private, total
Residential (nonfarm)
Public, total
158
160
164
154
123
184
74.7
49.6
23.6
25.2
Civilian Labor Force
Total, persons 16 years of age and over,
monthly average (mil )
Employed
Unemployed
Percent of civilian labor force
Employment Hours Earnings
Employees on payrolls (nonagricultural
estab.), total, mo. avg., (mil.)Production workers on manufacturing
payrolls mo avg (mil )
Hours, gross, avg. weekly per worker. .
Earnings gross (dol per hour per
worker)'
Finance
Money supply etc (av of daily fig )
(bil $)•
Money supply total
Currency outside banks
Demand deposits
Time deposits adjusted (bil $)
Foreign Trade
Exports incl reexports (bU $)
General imports (bil. $).._ _
2 includes communication. tf See corresponding note on p. S-5.
@FedFRASER