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FEBRUARY 1969 / VOLUME 49 NUMBER
SURVEY OF CURRENT BUSINESS
CONTENTS
U.S. Department of Commerce
Maurice H. Stans / Secretary
William H. Chartener / Assistant Secretary
for Economic Affairs
THE BUSINESS SITUATION
Summary
Office of Business Economies
George Jaszi / Director
Recovery in Steel
Morris R. Goldman
Louis J. Paradise
Associate Directors
National Income and Product Tables
Murray F. Foss / Editor
Leo V. Barry? Jr. / Statistics Editor
Billy Jo Hurley / Graphics
ARTICLES
STAFF CONTRIBUTORS TO THIS ISSUE
Federal Programs for Fiscal 1970
13
Fixed Business Capital in the United States, 1925-68
20
Business Review and Features:
Francis L. Hirt
Donald A. King
Articles:
Charles A. Waite
Joseph C. Wakefield
Sarah A. Husley
Hermioiie Anglin
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index (Inside Back Cover)
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U.S. Courthouse Ph. 247-0311.
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99501
306 Loussac-Sogn Bldg. 272-6331.
Atlanta, Ga.
30303
75 Forsyth St. NW.
Baltimore. Md.
526-6000.
21202
305 U.S. Customhouse 962-3560.
Birmingham, Ala.
35205
908 S. 20th Si. Ph. 325-3327.
Boston, Mass.
02203
JFK Federal Bldg. 223-2312.
Buffalo, N.Y. 14203
117 Ellicott St. Ph. 842-3208.
Charleston, S.C. 29403
334 Meeting St.
Ph. 577-4171.
Charleston, W. Va. 25301
500 Quarrier St. Ph. 343-6196.
Cheyenne, Wyo.
82001
6022 U.S. Federal Bldg.
Ph. 634-5920.
Chicago, 111.
60604
1486 New Federal Bldg.
Ph. 353-4400.
Cincinnati, Ohio 45202
550 Main St. Ph. 684-2944.
Cleveland, Ohio
44114
666 Euclid Ave.
Ph. 522-4750.
Dallas, Tex.
80202
16419 Fed. Bldg., 20th & Stout Sts.
Ph. 297-3246.
DCS Moines, Iowa
609 Federal Bldg.
Ph. 284-4222.
50309
48226
445 Federal Bldg. Ph. 226-6088.
Greensboro, N.C.
27402
258 Federal Bldg.
Ph. 275-9111.
Hartford, Conn.
Memphis, Tenn.
147 Jefferson Ave.
Ph. 534-3214.
Miami, Fla.
38103
33130
25WestFlagler St. Ph. 350-5267.
06103
18 Asylum St. Ph. 244-3530.
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286 Alexander Young Bldg.
Ph. 588-977.
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53203
238 W.Wisconsin Ave. 272-8600.
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55401
306 Federal Bldg. Ph. 334-2133.
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70130
Jacksonville, Fla. 32202
400 W. Bay St. Ph. 791-2796.
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19107
Kansas City, Mo.
64106
911 Walnut St.
374-3141.
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Houston, Tex.
75202
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809 Federal Office Bldg.
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the BUSINESS SITUATION
CHART 1
New Orders for Durable Goods
Billion $ (ratio scale)
40
Machinery and Equipment
\
(Old series)
Defense Products
(New ser
>!f)
f
Consumer Durables
(Excl. Autos)
Primary Metals
Construction Materials
and Supplies
1964
65
66
67
68
69
Seasonally Adjusted Quarterly Average
U.S. Department of Commerce, Office of Business Economics
69
Economic activity continued to expand vigorously as the new year began.
In January nonfarm employment, personal income, and industrial production
increased over the preceding month
while the unemployment rate remained
at its very low December level. Retail
sales rebounded after the sharp decline
in December.
_|_ HE new year has started off with
economic activity continuing to advance. Aside from retail trade, which
has been subject to erratic fluctuations,
there is little evidence to indicate that
the expansion is slowing down. In January, nonfarm employment, weekly hours
of work, payrolls, and industrial production all registered increases over
the preceding month, while the overall
unemployment rate remained at the
very low December figure. Wholesale
industrial prices rose sharply according
to advance reports.
In the current quarter, a major
stimulus to the expansion in production is coming from fixed business
investment. The continuing sharp recovery in plant and equipment demand
is evident not only in the anticipations
reported in the November OBE-SEC
survey but also in the rising trend of
new orders for machinery and equipment (chart 1). January housing starts
were the highest in 5 years; although
outlays are still rising, housing is
especially vulnerable to the credit tightening now in progress. State and local
government purchases are adding to
demand, but Federal purchases appear
to be leveling off, to judge from the
latest budget. Net exports are probably
very low at the moment because of the
dock strike.
Consumer spending has been subject
to very irregular shifts, and consequently it is difficult to predict how
expenditures for the full quarter will
wind up. Total retail sales rose sharply
in January after a pronounced decrease
the month before but were still no
different from the third quarter average.
Auto sales appear to have slipped.
Potentially dampening influences for
the current quarter are the January 1
statutory rise in social security taxes,
and the bulge in net settlements of
1968 tax liabilities. Despite these factors, the rise in total consumer spending
in the first quarter may well exceed
the very small fourth quarter advance,
which in real terms was close to zero.
Employment and income higher
As a result of rising employment,
increased weekly hours of work, and
higher average hourly earnings, wage
and salary disbursements advanced
$2.4 billion in January. The January
rise, which was considerably less than
the average monthly increase in the
fourth quarter, was held down by
strikes. In petroleum refining alone the
payroll loss was almost $% billion,
and the reduction due to the dockworkers7 strike was also substantial.
In addition to the strike losses, the
January rise in personal income was
held down by the •$!% billion increase
in the employee share of social security
taxes. All told, personal income advanced only $1.6 billion in January to
reach a seasonally adjusted annual
rate of $715 billion. During the fourth
quarter of 1968, monthly increases in
income averaged $4% billion.
Auto sales and production lower
Dealers7 sales of new domes tic-type
passenger cars edged down in January
for the fourth consecutive month. The
seasonally adjusted annual rate of
sales—8.5 million units—fell from an
average of 8.7 million in the fourth
SUEVEY OF CUKKENT BUSINESS
quarter and 9.0 million in the July- offset increases in machinery and priSeptember period, the highest quarterly mary metals so that durable goods
rate of 1968 (chart 2).
manufacturing activity was unchanged
Seasonally adjusted inventories of from December. A rise in nondurable
new cars in dealers' showrooms in- manufacturing was primarily responsicreased by nearly 10^,000 units in ble for the 0.3 percent seasonally adJanuary after declining fyy 60,000 dur- justed increase in the Federal Reserve
ing December. End-of-January stocks industrial production index.
were equivalent to 2.28 months of sales
at the January rate, the highest ratio Tighter credit conditions
since March 1967. Production of passenger cars has been cut back to bring
Evidence that the Federal Reserve
inventories more into line with sales. System was moving toward a further
Assemblies in January were 2 percent tightening of credit conditions was
lower than in December and 4 percent apparent in last month's banking statisunder the high October-November rate, tics. During January, loans and investafter seasonal adjustment.
ments at commercial banks increased
Production schedules for February $0.8 billion after seasonal adjustment.
and March have been reduced from This was the smallest expansion in
original targets by Chrysler and Ford. bank credit since last June and was
Total seasonally adjusted output for the considerably below the average monthly
current month is likely to show a fur- gains of $3.2 billion registered in the
ther small reduction from January, closing quarter of 1968. Moreover, all
with March output little changed from of the expansion in credit that did occur
February.
was confined to loans, particularly the
The decline in output of automobiles business loan component, which rose
and other transportation equipment sharply. Total investments declined
because of a reduction in bank holdings
of U.S. Government securities.
The money stock (currency and
demand
deposits) rose a seasonally
Domestic-Type Automobiles
adjusted $0.5 billion in January—
Million Units
about half the average monthly gain
DEALERS' SALES
in
the final quarter of 1968—while
10
(Annual rate)
time deposits declined $1.8 billion. The
February 1969
reduction in time deposits, which reflected a pronounced runoff of large
denomination certificates of deposit at
commercial banks, was a sharp turnabout from monthly advances that
averaged $2.5 billion in the OctoberDecember period. The banks lost CD
funds on a large scale in January, mainly
because Regulation Q ceilings prevented
them from paying rates on these deposits that are competitive with the
high yields investors can now earn on
market securities.
After rising very sharply in December,
most market interest rates showed
little net change during January and
early February. On an average monthly
basis, however, the yield on 3-month
Treasury bills stood at 6.13 percent
last month as compared with 5.94
percent in December, and the yield
on the highest grade corporate bonds
was 6.59 percent as compared with
6.45 percent a month earlier.
Early in January, major commercial
banks again raised the prime rate, the
rate charged their most credit-worthy
business customers. This increase, from
6% to 7 percent, followed two quarterpoint increases in December. Also, on
January 24, the rates on FHA-insured
and VA-guaranteed mortgages were
raised from 6% to 1% percent; in early
May 1968, these rates were increased
from 6 to 6% percent.
Recovery in Steel
Steel output has staged a steady
recovery since September and the first
quarter 1969 production of steel should
be substantially above the fourth
quarter 1968 rate. Overall consumption
of steel is high and inventories held by
manufacturing consumers have been
reduced from the inflated levels of last
summer.
Ratio
3.0
STOCK-SALES RATIO*
2.5
2.0
1.5
1967
1966
Seasonally Adjusted
*Stocks, end of quarter; sales, average for quarter
**January 1969
U.S. Department of Commerce, Office of Business Economics
1968
OUTPUT in the steel industry has
staged a steady recovery since the
severe 2-month decline that followed
the signing of the new labor contract
late in July 1968. The turnaround in
production, which began in October,
continued with pronounced advances
in November and December and a
smaller gain in January. From September 1968 through January of this year,
the increase in output amounted to
nearly one-fifth, a recovery of about
half of the July-September loss.
The recent improvement in steel
production reflected both renewed buying by steel users and some buildup of
producers' stocks, which had declined
to a low level. New orders received by
February 1969
steel mills showed substantial monthly
increases from September through November before falling moderately in
December; for the entire fourth quarter,
new business booked was 25 percent
above the third. With the rate of incoming orders since September running
well above shipments, backlogs have
increased and at the end of December
were the highest since June 1968.
SUEVEY OF CUEEENT BUSINESS
the peak rate reached in the first
quarter of 1966 (second panel of chart).
Decline in consumers' stocks
Manufacturing consumers have made
rapid progress in working down their
inventories of steel mill shapes from
the inflated levels of the pre-August
strike threat. With receipts of steel by
manufacturing consumers running well
below the rate of consumption, stocks
have shown a steady decline. The reduction since July has now amounted
to 3.3 million tons, seasonally adjusted, and by yearend, stocks held by
manufacturing consumers were down to
10.8 million tons, the lowest since
March 1968.
'
Steel consumption at new high
Steel consumption, after declining
moderately in 1967, increased appreciably in 1968 in response to higher levels
of demand in most of the major consuming markets. According to Census
data, steel usage by manufacturing
consumers, who account for more than
two-thirds of aggregate consumption,
totaled 68.6 million tons; this was 8
percent above 1967 and 1 percent higher
than in 1966, the previous top year.
Most industries reported consumption increases from 1967 to 1968. The
gains were particularly large for the
automobile industry and less pronounced for such major industries as
machinery, fabricated metal products,
household appliances, and containers.
The only major exception to the general
trend in manufacturing occurred in the
railroad equipment industry, where
consumption fell for the second straight
year. A sharply reduced new order
flow, beginning in 1967 and continuing
through most of 1968, cut production of
freight cars to two-thirds of the 1967
total. However, in the fourth quarter
of 1968, new business placed with
equipment builders rose sharply; backlogs, while still relatively low, increased to the highest level in 18
months. Steel usage in nonmanufacturing industries as a group was also
higher than in 1967. Consumption in
the important construction industry,
after declining from 1966 to 1967,
increased moderately in 1968 reflecting mainly a higher level of homebuilding activity.
After falling in the first half of 1967,
consumption of steel (seasonally adjusted) picked up in the last half,
continued to rise rather sharply until
the early summer of 1968, and leveled
off thereafter. In the fourth quarter of
1968, consumption almost matched
CHART 3
Steel Production, Consumption, and Stocks
1957-59=100
(ratio scale)
200
150
40
1961
1962
1963
1964
1965
1966
1967
1968
1969
Monthly, Seasonally Adjusted
1. Three-month moving average centered on last month.
2. Includes wholesalers, excludes nonmanufacturing consumers.
U.S. Department of Commerce, Office of Business Economics
Data: FRB & Census
69-2-3
SURVEY OF CURRENT BUSINESS
February 1969
The latest data suggest that the
The substantial increase in imports percent of the supply of steel available
liquidation of steel inventories by man- of 6% million tons in 1968 reflected the for the domestic market, up from 12
ufacturing consumers is close to an high level of domestic economic activity percent in 1967 and 10 percent in 1965,
end and may well be over. End-of- as well as strike-hedge inventory buy- the previous strike-threat year (table 1).
December stocks in terms of days' ing. It also reflected the continued existsupplies—about 41—are roughly the ence of excess steel capacity abroad, Near-term outlook
same as in 1964, 1966, and 1967, years which puts pressure on foreign proFirst quarter 1969 steel production
that were not distorted by strike ducers to export steel to the U.S. market should be substantially above the fourth
threats.
at prices below the domestic level.
quarter 1968 rate and moderately above
The principal sources of steel imports the January 1969 rate. Consumption of
Mill stocks up
were Japan and the countries of the steel in the auto industry will be reEuropean
Coal and Steel Community duced somewhat from the near-record
Stocks of steel at producing mills
(ECSQ—
France,
West Germany, Italy, rate of the fourth quarter because of the
were at record levels in the early
Belgium,
Netherlands,
and Luxembourg, cutback in passenger car production
spring months of 1968 after 2 years of
which
together
accounted
for approxi- scheduled for February and March.
fairly steady growth, but they declined
mately
14%
million
net
tons
or 80 per- However, the recent upsurge in planned
as mills stepped up shipments to steel
cent
of
total
1968
imports;
this total outlays for new plant and equipment
users in the months just before the
was
divided
almost
equally
between
the should generate a higher rate of steel
August 1 contract deadline. By the
two
geographical
areas.
To
prevent
the
consumption in other metal-fabricating
end of July, producers' stocks had been
reduced 5.1 million tons from the 21.6 imposition of U.S. import restrictions of industries and construction, more than
million held in April. After the signing steel products, the ECSC and Japanese offsetting the reduction in the auto inof the new labor contract, producers mills have voluntarily agreed to restrict dustry. Moreover, the excessive invenbegan to rebuild their stocks, which their sales of steel to the U.S. market tories of last summer held by manufachelped to limit the decline in steel in calendar year 1969. The State De- turing consumers, now basically worked
output in the third quarter; the addi- partment has estimated that the net off, will no longer exert a dampening
tions to mill inventories were more effect of the agreement would be to influence on output. Indeed, an end to
moderate in the final 3 months of 1968. limit total imports of steel products inventory decumulation of inventories
Relative to shipments, producers' from all countries in 1969 to 14 million will provide a stimulus to increased outstocks of steel at the end of December net tons as compared with 18 million put. Although the expected reduction
were below the high ratios of 1967 but tons in 1968. This year's estimated vol- in net imports of steel would favor
above those that prevailed for several ume of imports would still be well above domestic production, foreign trade in
steel currently and for some months
years prior to 1967. It may well be the 1967 total.
In contrast to imports, exports of ahead will reflect primarily the influence
that mills now find it desirable to
maintain higher stock-shipment ratios steel products remained consistently of the present dockworkers' strike and
than formerly in view of the severe low in the first half of 1968 but picked its aftermath.
up substantially with the removal of
competition from foreign producers.
the strike threat. In the final quarter
of 1968, exports were running at a
Imports at record rate
3.0 million ton seasonally adjusted an- Table 1.—Total Shipments, Exports, and
Imports of Steel
Even though supplies of finished steel nual rate, nearly double the first-half
(.Millions of tons)
from domestic sources increased sub- rate and the highest for any quarter
stantially from 1967 to 1968, the steel since 1964. For the full year, gross
1965 1966 1967 1968 v
industry was faced with intensified com- exports of steel mill products amounted
steel supplies:
petition from foreign steel producers. to 2.2 million tons, one-third higher Finished
Total shipments from domestic
production
92.0
92.7 90.0 83.9
U.S. firms purchased 18 million tons of than in 1967 and the first year-to-year
Imports
10.4 10.8 11.5
18.0
foreign-produced steel in 1968, nearly increase since 1964.
Exports.. -.. .. .
2.2
2.5
1.7
1.7
60 percent above the 1967 volume and
The 1968 import balance (imports
9.1 9.8
15.8
Net imports
7.9
Total supply available for
the largest on record. The inflow of steel minus exports)—15.8 million tons
100.6 99.1 93.7 107.8
domestic market- was heavy during most of 1968, reach- valued at $1.5 billion—was by far the
Gross imports as a percent of
supply available for domesing more than 20.0 million tons (sea- largest ever reported. In 1967, the
16.7
10.3 10.9 12.3
tic market
sonally adjusted annual rate) in the import balance was 9.8 million tons
p Preliminary.
third quarter before falling to 18.4 valued at $0.9 billion. Imported tonSource: U.S. Department of Commerce, Bureau of the
million tons in the fourth.
nage last year accounted for about 17 Census, and American Iron and Steel Institute.
SURVEY OF CURRENT BUSINESS
February 1969
CHART 4
• Revised fourth quarter GNP little changed from preliminary figure—up $16.4 billion
• Strong rise in nonfarm employment continued in January—unemployment remained at the low December rate
• Rise in wholesale industrial prices accelerated in January
PRICES
THE LABOR MARKET
TOTAL PRODUCTION
Million Persons
81
CIVILIAN LABOR FORCE AND
EMPLOYMENT*
79
Labor Force,
,—-/
75
Employment
Percent
5
UNEMPLOYMENT RATE*
Total
Married Men
10
.-/„.
-
110
Monthly (Jan.)
Quarterly ( IV )
BLS
Billions
Billion
1957-59=100
120
800
WHOLESALE PRICES
CONSTANT DOLLAR (1958) GNP*
115
-
750
Industrial Commodities
Total
-
68 -
700
Final Sales
140
-130
64 -
110
105
Total
Inventory Change
600
i
t
i
l
i
I—I—L—
1
L
120
60
Monthly (Jan.) (Dec.)
OBE
Quarterly ( I V )
PRODUCTION OR NONSUPERVISORY WORKERS
(PRIVATE)
CONSTANT DOLLAR (1958) GNP*
(Change From Previous Quarter)
42.5
,nllli
_L_I
1967
I
I
1968
Quarterly ( IV )
1
40.0
U.S. Department of Commerce, Office of Business Economics
-
Average Hourly Earnings
(right scale)
Average'Weekly Hours*
(left scale)
37.5
3.00
120 -
2.80
110
2.60
100
WHOLESALE PRICES
Processed Foods
and Feeds
Farm Products
1
2.40
35.0
L
OBE
90
1968
1969
* Seasonally Adjusted * * Seasonally Adjusted at Annual Rates
1957-59=100
130
45.0
12
BLS
Monthly (Jan.)
Dollars
Hours
Percent
100 I r M M 1.1 I I M I M M M I M I i
BLS
Monthly (Jan.)
BLS
Monthly (Jan.)
1969
BLS
SUEVEY OF CUEKENT BUSINESS
6
February 1969
• Increased social security taxes and strikes held down the January rise in personal income
• Retail sales showed good sized gain in January after decline in December
INCOME OF PERSONS
CONSUMPTION AND SAYING
FIXED INVESTMENT
Billion $
650
Billion $
800
PERSONAL CONSUMPTION
EXPENDITURES* *
PERSONAL INCOME**
_
750
Billion $
100
_
600
700
/
S
650
600
i 11 i i1 iii 11
^^
.....V,
.
**
_
Producers' Durable Equipment**
75
_
550
_
_
50
500
-
1 1 11 1111 1 11
i 1 Iiti 1 I i ti
Monthly (Jan.)
-^^
i
450
t
-
i
I
l
l
I
I
25
I
Quarterly ( IV )
OBE
i
0
Billion $
35
80
RETAIL STORE SALES*
_
Tot 31
(left scale)
^/\
/^
— 200
25
—
Manufacturing
(right scale)
-/
_-^^
S**^
^T
-
^,150
400
350
i M t i1j it i i
Monthly
t > > ii1 i i i ii
(Jan.)
100
15
1 1 1 1 1 1 M 1 1I
""\ 1
— «»—
75
_
-
70
-
-
»
.v/ /
A
65
-^/l
I
i i
60
Census
Billion $
12
8
NEW CAR SALES**
_
600
-
^^>
.^^
550
1
1
i
-
1
1
1
8 r-
1
1
Quarterly ( IV )
1
_
6 -
4
1 1 11 11 1 1111
2
_
6
-
5
——•"""
i
OBE-SEC
i
-
—Y^
/
0
4
—
i i M i 1 i i i i i . 1 1 1 1 1. M . . 1 1 1 1 i 1 1 1 1 i i
Trade Sources & OBE
Monthly (Dec.)
Percent
Million Units
12
2.5
Census
PRIVATE NONFARM HOUSING**
PERSONAL SAVING RATE*
10
i
XA •••i/*
2,700
2,600
Anticipated
_
Dollars
REAL PER CAPITA DISPOSABLE
PERSONAL INCOME**
- (In 1958 Dollars)
i
Shipments
i i it 11 t 11 1i iii i111 i i ii
Monthly (Jon.)
OBE
7
New Orders
Imports
(right scale)
/
/
^\f
I I
0
MACHINERY AND EQUIPMENT*
(Manufacturing Firms)
/v*v
s
y ' ^x/
fj\
\J
s'
- ^^^^
****'^
500
Domestic
(left scale)
\
10
I
Quarterly ( II )
Million Units
__
~
/^®
700
650
OBE
_
Billion $
DISPOSABLE PERSONAL INCOME**
1
/
i i 1 1 1 1 i 1 1 1 1 i 1 1 1 1 1 1 1 i ii
Monthly (Jan.)
OBE
1
/
Excluding Automotive Group
1 LJ i 1 1 i t 1 1 1
1
PL
K
20
1
PLANT AND EQUIPMENT
EXPENDITURES1k*
_
- _
^~s~-^^ '
\>
L ^
450
Total
\
\
30
Residential Structures**
i i
1
1
Quarterly ( IV )
Billion $
_
-
OBE
550
500
-TT- minimi1""
H—--"
Billion $
WAGES AND SALARIES**
_
Nonresidential Structures**
^/*~~
/
s
^-
-
-
2.0
-
-
Starts
2,500
-
-
2,400
9 300
I
i
1
1
1968
Quarterly ( IV )
*
^y^
6
1
1967
Seasonally Adjusted
1
1
1
4
1969
i
i
1967
OBE
* * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce. Office of Business Economics
J\
1.5
^*^
'^^"^
i
-
8
/"""""
i
"V
I
I
I
1968
Quarterly ( IV )
1.0
I
I
I
.5
1969
\+
^^
• ~r
Permits
i iii i 1 i 1 1 ii i 1 1 1 1 i 1 1 1 1 i 1 1 i ii11 11 ii
1967
OBE
/x
/AVKA
1968
Monthly (Dec.)
1969
Census
SURVEY OF CURRENT BUSINESS
February 1869
* December inventory rise (book value) was below October-November average
• Fourth quarter net exports (revised) showed sharp deterioration
Fourth quarter balance of payments was favorable by $960 million (liquidity basis)
INVENTORIES
FOREIGN TRANSACTIONS
GOVERNMENT
Billion $
Billion $
Billion $
40
12
140
CHANGE IN BUSINESS INVENTORIES**
(GNP Basis)
NET EXPORTS**
30
-
-
8
20
_
_
4
FEDERAL PURCHASES OF
GOODS AND SERVICES**
120
Goods and Services
/
r-
Total
_.^~--\Y
_
\\\^0Ss\
\.
\ ^^»_^^^f^^
*******~*^**^
100
v
i.il I
/'* — s\
fll
Oft
Merchandise
till
0
i
1 i
Quarterly ( IV )
4
J
L
L
QBE
-
--*
1
1
1
1
1
1
Quarterly ( IV )
QBE
Billion $
Billion $
170
3.5
4
160
MERCHANDISE TRADE*
—
-
Tot if
'\
-
150
3.0
/
_/
-
NJ
2.5
x
"\ /•%/*"
>/|
^
140
i 11 1 1 1 1 1 1 ii
130
\/sg Py^
A
-
1 1 1 1 1 1111j |
Monthly
1 11 1 1 1M
(Dec.)
1 M
3
r
-
1.5
i i 1 l l 1 JLl 1 JJ l
Monthly
lt li1l i l 11
(Dec.)
0
II 1 1 1 1 1 1 t 1 1
Census
Billion $
4
225
—
2
_
NET FLOW OF PRIVATE U.S. AND FOREIGN CAPITAL
(Other than Liquid Funds)*
_
1 11 M 1 t 1i I 1
Monthly
Billion $
_
QBE
200
-
\
1
120
100
\
Shipmen ts
Billion $
MANUFACTURING AND TRADE INVENTORIES*
(Book Value, End of Month)
I
yv ^Sflf\A£
2
\/
-
1 M M 1 i 1 1 1 1
l
New Orders
Imports
2.0
Census & QBE
i i
DEFENSE PRODUCTS*
A
Jkh>
Exports
i
Quarterly ( IV )
Billion $
MANUFACTURING AND TRADE INVENTORIES*
(Book Value, End of Month)
Defense
i
i i
60
1 111 1 1111 1i
(Dec.
Census
FEDERAL BUDGET**
(NIA Basis)
_
Manufacturing
V
r~"—"~
on
•**
60
\*
"""
Expenditures
Inflow
y^
^Outflow A
1
^^
^^^-^
-
-2
/**^/"""**
\ .•••••*1x'x/'^
_
-
150
* Defici^y \
~——*"^*"^
Receipts
—
Trade
II 1 I 1 1 t 1 1 1 1
40
1 l ! 1 1I 1 1 1 1 1
1 i 1 M i 1 1 1 1
Monthly (Dec.)
4
i
i
i
Census & QBE
1
1
1
1
1
1
Quarterly ( III )
i
125
Billion $
Billion $
2.0
4
150
1.8
-^Vv
BALANCE OF PAYMENTS*
^<^j
1 A
^ Total
Manufacturing and Trade
1 4
1.2
1
1 1 1 1 1 1 1 1 1 1
M 1 1 1 1 111 M
1967
Monthly (Dec.)
* Seasonally Adjusted
1969
Census & QBE
* * Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
t
i
i
i
QBE
75
-— r
Liquidity Basis
1 1M 111 M 1
1968
i nn
(
_2
i
125
*\/
1
y£.
/ \
Q
l
STATE AND LOCAL PURCHASES
OF GOODS AND SERVICES**
Official Reserve Transactions Ba sis
2
l
Quarterly ( IV )( III )
Ratio
INVENTORY/SALES RATIOS*
Manufacturirlg
l
QBE
4
i
1967
i
i
i
i
i
1968
Quarterly
i
i
i
50
1969
(|v)
i
l
1967
QBE
l
i
l
1968
l
i
i
1969
i
SURVEY OF CURRENT BUSINESS
8
February 1969
• In January— Expansion in bank credit and money supply slowed in January
•
—Interest rates and bond yields averaged higher
•
—Negative free reserves (net borrowed reserves) increased sharply again
INDUSTRIAL PRODUCTION
Index
MONEY, CREDIT, AND SECURITIES MARKETS
Billion $
240
460
190
Durable Manufactures
\
~
150
'
-
Bank Credit
(left scale)
380
~\™iA$
*»,„... /****
340
Nondural le Manufactures
1 1 1 *M¥\ MM
I iM i 1t I tit
M
M 11 1 M t1
-?s^
1 I't I 1 I } M t
300
FRB
1957-59=100
200
Autos
175
fc
A *
\
100
1 1 M t 1 M | 1|
r^-\
\^
-
200
80
180
60
160
40
Before Tax and Including IVA
V
<\
Steel
M Ml
i M M 1
Billion $
120
1
M i M1i t M1
-2
-
1 1 1 1 I ! M M 1
t M M 1 1M 11
M M 1 1M M 1
4
1
1
1
Quarterly ( I V )
t
2
1941
140
32
,...-/
M It 1 1 M M t
3-month Treasury Bills
1 M M 1 t M 1 t
\/i
Shiprnents
i
i
l
l
QBE
OUTPUT AND COMPENSATION PER MAN-HOUR,
PRIVATE ECONOMY*
- (Change From Previous Quarter)
M M 1 i M IM
Monthly (Dec.)
U.S. Department of Commerce, Office of Business Economics
0
2
Census
jiilJlJli ilil
i i i . i i i
BLS
UNIT LABOR COSTS, PRIVATE ECONOMY*
(Change From Previous Quarter)
100
y-s/^
60
i i i .
6
Vv
/
1 M
M
1 1 1 1 1 1
4
2
" "H
1967
1 969
Compensation
Per cent
Standard and Poor's (500)
80
* Seasonally Adjusted * * Seasonally Adjusted at Annual Rates
i
Quarterly ( III )
120
L/^^w
1 968
M 1 t M* M M 1
43=10
/.%
M 1 M 1M t 1 1
i
2
STOCK PRICES
DURABLE GOODS MANUFACTURERS*
1 967
t
Monthly (Jan.)
36
M 1M 1 M M 1
i
Quarterly ( III )
4
FRB
Billic>n $
20
QBE
6
\
55/tf^
i
Output
80
24
i
Corporate Yields, Moody's Aaa
6
New Order:,
i
Profits After Taxes
40
INTEREST RATES AND BOND YIELDS
85
I
i
-
FRB
8
1
l
Per cent
Manufacturing
|
i
80
Monthly (Jan.)
10
I
100
60
Perc ent
1
t
Internal Funds
y^^N
95
90
i
CORPORATE INTERNAL FUNDS AND PROFITS**
-
FRB
RATIO, OUTPUT TO CAPACITY*
i
Quarterly ( III )
2
Perc ent
75
i
FRB
-1
I I
M M 11 M 1 M
I 1 1 I 1 1 1 1 1 1 1
Bill on $
0
Monthly (Dec.)
28
100
FREE RESERVES
; ( ;,
125
Money Supply
(right scale)
Monthly (Jan.)
INDUSTRIAL PRODUCTION*
150
-^r
220
\'*rZ*/-
Monthly (Dec.)
Index
CORPORATE PROFITS**
420
180
170
120
BANK CREDIT AND MONEY SUPPLY*
INDUSTRIAL PRODUCTION*
160
PROFITS AND COSTS
Billion $
1957-59=100
0
1 M M 1 M 1 M
1968
Monthly (Jan.)
1 t 1 M 1 M M i
1969
-2
l.in.i
i
i
1967
i
i
i
i
1968
Quarterly ( III )
i
i
i
1969
BLS
SUKVEY OF CUEKENT BUSINESS
February 1969
NATIONAL INCOME AND PRODUCT TABLES
1968
1967
1967
1968
III
IV
I
II
1968
1967
III
IV
1967
1968
III
Seasonally adjusted at annual rates
II
IV
III
IV
Seasonally adjusted at annual rates
Billions of 1958 dollars
Billions of current dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product
789.7
860.6
795.3
811.0
831.2
852.9
871.0
887.4
673 1
706.7
675.6
681.8
692.7
703.4
712.3
718.4
Personal consumption expenditures
492 2
533.8
495 5
502 2
519 4
527 9
541 1
546 8
430 5
450.9
431 8
434 1
444 9
447 5
455.7
455.4
72.6
215.8
203.8
82.5
230.3
221.0
73.1
216 4
205.9
74.2
218 4
209.6
79.0
226 5
213 9
81.0
228.2
218.7
85.1 85.1
232 7 233 7
223 4 228.0
72.4
191 1
167.0
80.1
197 1
173 7
72.6
191.1
168.1
73.0
191.6
169.5
77.3
196 5
171.0
78.9
196.1
172.6
82.5
198.5
174.8
81.7
197.3
176.4
Durable goods.. _ _ _ _ _
Nondurable goods
Services
_
_ __
___
Gross private domestic investment
Fixed investment
Nonresidential. _ __
Structures
_
Producers' durable equipment .
Residential 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
__ _
_
114 3
127.7
114 7
121 8
119 7
127 3
127 1
136 6
99 5
106.9
99 3
104 7
101 5
107.3
105.8
113.1
_ ._ 108.2
119.9
109.3
113.5
117.6
116.5
119.6
126.0
93.6
99.8
94.0
96.7
99.5
97.4
99.0
103.5
83.6
27.9
55 7
90.0
29.2
60 8
83 3
27.7
55 6
85 0
27.7
57 3
88 6
29 6
59 0
87 0
28.5
58 5
90 1
28.8
61 3
94.3
29.9
64 5
73 7
22.6
51 1
76 8
22.5
54 3
73 2
22.2
51 0
74.0
22.1
52 0
76.5
23.4
53 0
74.5
22.1
52 4
76.6
21.9
54.7
79.6
22.6
57.0
24 6
24 0
6
29 9
29 3
.6
26 0
25 4
6
28 5
27 9
6
29 1
28 5
6
29 5
28 9
6
29 5
28 9
6
31 6
31 0
6
19 9
19 5
5
23 1
22 6
5
20 8
20 3
5
22 7
22 2
.5
23 0
22 6
.5
22 9
22 5
.5
22.4
21.9
.5
23 9
23.4
.5
61
56
.5
77
73
.5
53
48
6
83
71
12
21
16
4
10 8
10 4
4
75
73
.1
10 6
97
9
59
53
6
71
66
5
52
45
.7
80
6.7
1.3
2 0
1.6
.4
9.9
9.6
.4
6.8
6.6
.1
9.6
8.8
.9
_ _
4 8
2.0
54
34
15
2.0
33
10
24
— 3
31
1.0
— 1
-.6
.7
-1.3
._ _
45 8
41 0
50 0
48 1
46 1
40 6
46 0
42 6
47 5
46 0
49 9
47 9
52 6
49 4
50 1
49 1
41 8
39 3
45 3
45 6
42 l
39 1
41 9
40 9
44 0
44.1
44.7
45.4
47.6
46.9
44.9
46.2
178 4
197 2
179 6
183 5
190 5
195 7
199 6
203 0
140 7
149 2
141 4
142 0
146 5
149.2
150.1
151.2
90 6
72 4
18 2
100 0
78 9
21 1
91 3
72 9
18 4
93 5
74 6
19 0
97 1
76 8
20 3
100 0
79 0
21 0
101 2
79 6
21 5
101 7
80 0
21 7
74 8
79 3
75 6
75 6
78 1
80 1
79.5
79.3
87 8
97 2
88 4
90 0
93 4
95 6
98 4
101 2
65 9
70 0
65 8
66 4
68 4
69.1
70.6
71.8
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
Gross national product
Final sales
_
Change in business inventories
Goods output
_ __
Final sales
Change in business inventories
_
Durable goods
_
Final sales
___
Change in business inventories
Nondurable goods _
Final sales
Change in business inventories
Services
_
Structures
_
789 7
860 6
795 3
831 2
852.9
871 0
887 4
673 1
706 7
675 6
681.8
692.7
703.4
712.3
718.4
783 6
6.1
852 9
77
789 9 802 7 829 1
53
83
21
842 1
10 8
863 5
75
876 8
10 6
667 2
59
699 6
7i
670 4
5.2
673 8
8.0
690 7
2.0
693 5
9.9
705.5
6.8
708.7
9.6
396 9
430 8
398 9
404 8
414 9
428 4
436 9
443 0
361 0
380 3
361 9
364 4
370 4
379 2
384.7
386.8
390 8
61
423 1
77
393 6
53
396 5
83
412 8
21
417 6
10 8
429 5
75
432 4
10 6
355 1
59
373 2
7i
356 7
52
356 4
8.0
368 4
2.0
369.3
9.9
378.0
6.8
377.2
9.6
159 3
156 4
30
176 7
172 2
46
161 1
157 3
38
164 1
159 9
42
168 2 175 3
166 7 169 1
62
15
180 0
175 1
49
183 3
177 8
56
150 3
147 6
27
162 1
158 0
41
151 6
148 2
34
152 8
149 0
38
155 9
154 5
14
161 2
155 6
5.6
164.9
160.5
4.4
166.5
161. 5
5.0
237 6
234 5
31
254 1
250 9
32
237 8 240 7
236 2 236 6
41
16
246 7
253 1
256 9
259 7
OK4. c
210 7
A
218 2
907 *>
91 c o
50
32
30
210 2 211 6
208 5 207 5
4.1
18
214 5
213 9
.6
218 0
213 7
4.3
219.8
217 4
2.4
220.3
215 7
4.7
314 8
342 7
317 5
324 7
q«»A A
090
9
25
•M7 c
7
249 6
260 0
251 2
253 2
255 1
258.7
262.3
263.7
77 9
87 1
78 8
81 1
OK 0
OK
A
90 7
A2 I
66 4
62 5
64 2
67 2
65 5
65.2
67.8
718.4
811 0
()AR 1
6
948 K
4 6
f)KA
86 4
OEO
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
811 0
831 2
852 9
871 0
887 4
673 1
706 7
675 6
681 8
692 7
703.4
712.3
8
2
2
2
766 3
mo mo
74fl ^
71Q Q
TJK n
78Q 8
R14 n
fi44 7
616 0
621 7
631 8
641 6
649 7
655.5
737 2
712 2
25 o
COO A
fiQ4 1
79A o
74 £, fi
669 4
24 g
7Ofi 1
79ft 9
7fifl 1
7°»4 R
£.04 n
KAQ Q
coo c
658 0
24 4
710 A
coo i
94 3
94 7
OK
K
25 5
24 i
23 9
595 6
571 2
24 4
600 8
576 3
24 5
611 4
587 8
23 6
620 5
596 2
24 3
628 5
604 5
24.0
634 0
610.1
24.0
22 9
23 5
24 2
24 2
16 1
16 1
16.3
16.2
16.0
4 9
45
4 Q
15 6
49
15 7
4 4
24 2
5g
15 5
52
52
4 3
48
5.1
5.5
0
no A
Q7 A
rq A
A
rq c.
60 1
60 9
61 8
62.6
62.9
789 7
860 6
795 3
704
737
712
24
22 3
24 o
22 5
Rest of the world
46
5o
50
General government
84 8
94 3
85 4
53
00
£
QA
%
A
CQQ
00
7
SURVEY OF CURRENT BUSINESS
10
1967
1968
1967
1967 1968* III
February 1969
IV
I
II
III
1967 1968*
IV P
Equals: Net national product
71.1
72.3
73.7
74.9
76.2
720.5 786.3 725.3 739.8 758.8 779.1 796.1 811.2
.-
Less: Indirect business tax and nontax
69.6 75.8 70.1 71.2 72.8 74.8 76.7
liability
3.3
3.2
3.3
3.2
3.2
Business transfer payments
3.1 3.3
—3 5 -4.8 —3 4 —4 2 —4.7 -3.6 -5.3
Statistical discrepancy
Plus: Subsidies less current surplus of
government enterprises .
1.6
.7
1.5
1.3
.5
.7
1.0
79.0
3.3
.6
652.9 712.8 656.9 670.9 688.1 705.4 722.5
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
80 4
89.2
80 2
82 3
83 8
89 2
91 6
41 9
46.9
42.1
43 0
45.8
46.5
47.4
47.8
.0
.0
.0
.0
.0
.0
.0
.0
48.6
55.3
48.9
49.7
52.5
55.0
56.3
57.5
23.6 25.9
22.9. 24.6
3.1 3.3
23.5
23.5
3.2
24.2
22.5
3.2
24.9
23.6
3.2
25.7
24.4
3.3
26.2
25.2
3.3
26.7
25.4
3.3
Compensation of employees
423.4 463.5 426.3 436.4 448.3 457.6 469.0 479.0
Private
Military
Government civilian
337.1 367.2 339.4 346.0 355.7 362.8 370.9 379.2
16.3 18.3 16.1 17.1 17.5 17.8 18.9 18.8
70.0 78.1 70.8 73.3 75.2 77.0 79.1 81.1
Supplements to wages and salaries. .. 44.8
Employer contributions for social
insurance _
21.5
50.1
45.2
46.2
48.4
49.4
50.7
51.7
23.9
21.6
22.1
23.5
23.7
24.2
24.4
Other labor income
23.3
Employer contributions to private pension and welfare funds 19 5
Other
3.8
26.1
23.7
24.2
25.0
25.7
26.5
27.3
Farm
Rental income of persons
Corporate profits and inventory valuation adjustment
Profits tax liability
Profits after tax
Dividends
Undistributed profits .
Inventory valuation adjustment
Net interest.
Table 5.—Gross Auto Product in Current and Constant Dollars
(1.15, 1.16)
Billions of current dollars
29.0
35.7
31.3
33.7
36.1
36.1
Personal consumption expenditures . 24.9 30.1 25.4
Producers' durable equipment
5.3
4.4
4.5
Change in dealers' auto inventories.. -.5
.8 -1.0
Net exports.
—.1 -.7
.1
Exports
2.1
1.6
1.9
Imports
_
2.8
1.7
1.8
Addenda:
25.3
4.5
1.4
28.4
5.0
.6
29.0
5.1
2.3
-.2
1.8
2.0
-.6
1.6
2.2
-.5
2.3
2.9
31.6 31.3
5.5
5.6
-.6
.9
7 -1.0
2.1
2! 4
3.1 3.1
New cars, domestic 2 _.
New cars, foreign. .
28.0
3.4
30.0
4.0
32.8
4.2
33.1
4.0
25.9
2.9
32.2
4.3
26.0
3.1
36.9
61.2
61.1
61.8
62.6
63.4
63.7
47.8
46.6
46.8
47.2
47.8
48.0
48.2
46.6
— 3
48.4
—.6
14.4
15.1
14.6
14.3
14.6
14.8
15.4
15.5
20.3
21.0
20.4
20.5
20.7
20.9
21.0
21.2
80.4
89.2
80.2
82.3
83.8
89.2
91.6
81.6
92.3
80.8
85.4
88.9
91.8
92.7
33 5
48.1
22.9
25.2
41.3
51.0
24.6
26.4
33.2
47.6
23.5
24.1
35.1
50.3
22.5
27.9
39 8
49.1
23.6
25.5
41.1
50.7
24.4
26.3
41.5
51.2
25.2
26.0
-1.2 -3.1
23.3
26.3
25.4
-.6 -3.1 -5.1 -2.7 -1.0 -3.8
23.6
24.3
25.0
25.8
26.7
27.6
Table 7.—National Income by Industry Division (1.11)
All industries, total _ . .
29.3
62.9
46.3
. ... ... 60.7
Business and professional _
Income of unincorporated enterprises
Inventory valuation adjustment
Profits before tax
Gross auto product _._
IV*
468.2 513.6 471.5 482.7 496.8 507 1 519.7 530.7
Wages and salaries
Proprietors' income
628.8 685.8 633.7 645 2 662 7 678 1 694.3 708.2
1
III
652.9 712.8 656.9 670.9 688.1 705.4 722.5
National income
789.7 860.6 795.3 811.0 831.2 852.9 871.0 887.4
70.0
II
Table 6.—National Income by Type of Income (1.10)
Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1.9)
74.3
I
Billions of dollars
Billions of dollars
Less: Capital consumption allowances. 69.2
IV
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Gross national product
III
1968
Agriculture, forestry, and fisheries
Mining and construction . .
Manufacturing
Nondurable goods .
Durable goods
652.9 712.8 656.9 670.9 688.1 705.4 722.5
21.4 22.5 21.6 21.4 21.9 22.2 22.9
39.7 42.8 39.7 40.3 41.3 42.6 42.9
196.6 215.6 196.6 201.0 207.7 214.4 218.2
75.8 83.0 75.9 77.6 80.1 82.1 84.2
120.8 132.7 120.7 123.4 127.7 132.3 134.0
Transportation _.
C ommunication
Electric, gas, and sanitary services
Wholesale and retail trade
26.1 28.0
13.1 14.3
12.9 14.0
96.8 105.5
26.3
13.2
13.1
97.9
26.5 27.3 27.9 28.2
13.3 13.7 13.7 14.6
13.2 13.5 13.6 14.4
99.7 101.8 104.5 107.2
33.1
4.9
Finance, insurance, and real estate
Services
Government and government enterprises
Rest of the world
70.9
77.0
77.3
83.3
71.5
77.7
73.0
79.2
93.6 104.5
5.0
4.6
94.3
5.0
98.0 100.5 102.8 106.3
5.2
5.3
4.4
4.9
Table 8.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6.12)
74.5
81.3
76.2
82.6
78.6
84.0
Billions of 1958 dollars
Gross auto product *__ _
29.0
34.8
29.2
30.7
33.0
35.4
35.2
35.7
Personal consumption expenditures . 24.8
Producers' durable equipment
4.4
Change in dealers' auto inventories.. -.5
Net exports. ..
0.0
Exports
1.7
Imports
1.7
Addenda:
29.2 25.2
5.2
4.5
.8 -1.0
24.8
4.4
1.4
27.7
5.0
.6
28.3
5.1
2.3
30.7
5.5
-.6
30.1
5.4
.8
-.6
2.1
2.7
.2
1.9
1.7
-.1
1.8
1.9
-.5
1.6
2.1
-.4
2.3
2.8
-.6
2.4
3.0
-.9
2.0
2.9
New cars, domestic 2 _ _
New cars, foreign
32.0
4.1
26.4
3.0
27.9
3.3
29.9
3.9
32.7
4.1
32.8
3.9
32.5
4.7
26.4
2.9
udes
m
°
. ...
Mutual
Stock
Non financial corporations
g°vernment purchases, which amount to $0.2 billion
gr SS aUt product total by the m
p'Prelimina? ^ °
All industries, total
Financial institutions
&rkup on both used cars and foreign cars.
Manufacturing..
..
Nondurable goods
Durable goods
Transportation,
communication,
and public utilities
All other industries
80.4
89.2
80.2
82.3
83.8
89.2
91.6
10.3
11.5
10.3
10.6
11.0
11.2
11.9
69.9
71.7
72.9
77.9
79.7
44.9
19.7
25.2
45.3
20.3
25.0
12.5
20.6
13.0
21.4
1.9
8.4
70 1
77.7
39.2
18.0
21.2
44.3
19.9
24.4
38.5
17.9
20.6
39.9
18.0
21.9
41.3
19.0
22.3
11.8
19.0
12.8
20.6
12.0
19.4
11.9
20.0
12.5
19.0
SURVEY OF CUEEENT BUSINESS
February 1969
1967
1967 1968' III
11
1967
1968
IV
I
II
III
1967 1968
IV P
Seasonally adjusted at annual rates
Table 9.—Gross Corporate Product (1.14)
453.1 496.0 455.6 464.6 477.7
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.- _- ._
Gross product originating in
financial institutions
44.9
45.7
46.7
47.6 48.5
40.6
44.4
41.0
41.6
42.6
43.7
45.0 46.4
-1.0
-.8 -1.0
76.8 85.1
78.0 88.3
33.5 41.3
44.5 47.0
21.3 22.9
23.1 24.1
-1.2 -3.1
-.9
-.8
76.2 78.1 80.3
76.8 81.2 85.4
33.2 35.1 39.8
43.6 46.1 45.6
21.7 20.6 22.0
21.9 25.5 23.6
-.6 -3.1 -5.1
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
400.7 410.4
316.3 323.7 330.8
280.4 286.9 293.3
35.8 36.8 37.5
-.8
-.8 -.8
85.2 87.5
87.9 88.6
41.1 41.5
46.8 47.1
22.8 23.4
24.0 23.7
-2.7 -1.0 -3.8
628.8 685.8 633.7 645.2 662.7
678.1 694.3 708.2
423.4
166.6
134.1
100.5
70.0
86.3
463.5
180.6
145.4
109.4
77.2
96.3
426.3
167.1
134.6
101.4
70.8
86.9
436.4
170.5
137.1
103.1
72.4
90.4
448.3
175.6
141.2
105.6
74.5
92.6
457.6
178.6
143.8
108.0
76.2
94.8
469.0 479.0
181.6 186.4
146.7 149.9
111.1 112.9
78.2 79.9
98.1 99.8
Other labor income
23.3
26.1
23.7
24.2
25.0
25.7
26.5 27.3
Proprietors' income
Business and professional
Farm
_
60.7
46.3
14.4
62.9
47.8
15.1
61.2
46.6
14.6
61.1
46.8
14.3
61.8
47.2
14.6
62.6
47.8
14.8
63.4 63.7
48.0 48.2
15.4 15.5
20.3
22.9
._ __ 46.8
21.0
24.6
52.1
20.4
23.5
47.2
20.5
22.5
48.5
20.7
23.6
49.8
20.9
24.4
51.4
21.0 21.2
25.2 25.4
52.9 54.3
Wage and salary disbursements
Commodity-producing industries ._
Manufacturing.
Distributive industries
Service industries
Government
Rental income of persons
Dividends..
Personal interest income
94.1
71.2
87.7
66.0
91.0
70.4
91.3
69.3
93.5
70.8
94.7
71.3
20.0
23.1. 20.3
20.9
21.7
22.5
23.9
Less: Personal contributions for
social insurance _ _ _ _ _ _
20.4
22.9
20.6
20.9
22.3
22.8
Less: Personal tax and nontax payments
82.5
96.9
83.6
85.6
88.3
91.9 101.6 105.8
468.6 479.0
42.2
45.8
42.9
43.7
44.4
45.4
46.3 47.1
38.8
42.5
39.2
39.7
40.7
41.8
43.0 44.3
277.0 301.8 278.7 283.9 292.5
246.8 268.0 248.1 252.8 259.8
30.2 33.8 30.6 31.1 32.7
8.5
9.2
8.6
8.9
9.0
66.4 73.6 65.9 67.5 69.3
67.6 76.8 66.5 70.6 74.4
28.8 35.7 28.4 30.2 34.5
38.8 41.1 38.1 40.4 39.9
20.1 21.6 20.5 19.4 20.7
18.8 19.5 17.6 21.0 19.2
-1.2 -3.1 -.6 -3.1 -5.1
81.1
61.0
86.9
65.3
80.9
60.5
84.0
64.6
84.3
63.6
Gross product originating in
nonfinancial corporations
392. 3t 416.3 393.4 397.2 405.9
381.4 389.8
298.3 304.9 311.4
264.9 270.7 276.6
33.4 34.2 34.8
9.1
9.3
9.4
74.0 75.6
76.6 76.6
35.6 35.7
41.0 41.0
21.4 22.0
19.6 18.9
-2.7 -1.0 -3.8
86.5
65.0
87.2
65.2
413.5 420.8
Current dollar cost per unit of
1958 dollar gross product
originating 2in nonfinancial
corporations
1.104 1.136 1.107 1.117 1.123
Equals: Personal saving.
.110
.109
.110
.109
.110
.110
.099
.706
.022
.102
.725
.022
.100
.708
.022
.100
.715
.022
.100
.721
.022
.101
.721
.022
.102
.725
.022
Corporate profits and inventory valuation adjustment
.169
Profits tax liability
.073
Profits after tax plus inventory valuation adjustment- . .096
.177
.086
.168
.072
.170
.076
.171
.085
.179
.086
.180
.085
.091
.095
.094
.086
.093
.095
1. Excludes gross product originating in the rest of the world.
2. This isequal to the deflator for gross product of nonfinancial corporations, with the decimal
point shifted two places to the left.
3. Personal saving as a percentage of disposable personal income.
v Preliminary.
52.1
52.9
55.7
58.3
59.5 60.8
26.0
26.4
28.2
30.5
30.9 31.6
2.1
6.6
17.3
2.1
7.2
19.1
2.2
6.5
17.3
2.0
6.8
17.7
2.2
7.0
18.4
1.9
7.1
18.8
2.1 2.0
7.2 7.3
19.3 19.8
23.2 23.4
__. 40.2
Addenda:
Disposable personal income :
Total, billions of 1958 dollars
Per capita, current dollars
Per capita, 1958 dollars...
40.7
40.5
43.4
40.8
478.0 497.5 479.5 483.7 491.8
2,744 2,928 2,758 2,798 2,866
2,401 2,473 2,404 2,418 2,454
Personal saving rate,3 percent .. _ ._
7.4
6.9
7.4
7.8
7.1
542.3 555.6 561.6
527.9 541.1 546.8
13.6 13.8 14.0
.8
44.0
.7
.7
37.1 40.9
497.1 499.2 501.7
2,918 2,942 2,982
2,474 2,478 2,483
7.5
6.3
6.3
Table 11. —Personal Consumption Expenditures by Major Type (2.3)
Personal consumption expenditures
492.2 533.8 495.5 502.2 519.4
527.9 541.1 546.8
72.6
82.5
73.1
74.2
79.0
81.0
85.1 85.1
30.4
Automobiles and parts
Furniture and household equipment- 31.4
Other
10.9
36.6
34.3
11.7
31.0
31.4
10.8
31.4
31.8
11.1
34.6
33.3
11.1
35.4
33.9
11.7
38.1 38.2
35.4 34.5
11.5 12.4
Food and beverages
Clothing and shoes. _
Gasoline and oil
Other
_. _-
.108
58.6
30.3
Less: Personal outlays
506.2 548.2 509.5 516.1 533.5
Personal consumption expenditures- 492.2 533.8 495.5 502.2 519.4
Interest paid by consumers
13.1 13.7 13.2 13.3 13.4
Personal transfer payments to for.8
.7
.7
eigners
.8
.7
Nondurable goods
1.133 1.138
51.7
25.7
Equals : Disposable personal income. _ . 546.3 589.0 550.0 559.6 574.4 586.3 592.7 602.4
Durable goods
Dollars
IV
87.9
66.6
Billions of 1958 dollars
Capital consumption allowances.
Indirect business taxes plus transfer
payments less subsidies
Compensation of employees
Net interest... _
III
Transfer payments.
Old-age, survivors, disability, and
health insurance benefits
State unemployment insurance
benefits
Veterans benefits
Other...
Income originating in nonfinancial
corporations __
351.9 384.6 353.3 360.3 370.8
Compensation of employees
Wages and salaries
._
Supplements
Personal income .
44.1
Gross product originating in
nonfinancial corporations 433.0 472.9 435.3 443.7 455.9
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies
491.1 503.0
47.1
293.3 320.2 295.3 300.9 309.9
260.8 283.9 262.5 267.5 274.9
32.4 36.3 32.8 33.4 35.1
Compensation of employees __
Wages and salaries
Supplements
I[
Table 10.—Personal Income and Its Disposition (2.1)
43.4
Income originating in corporate busi369.0 404.5 370.5 378.1 389.4
ness
I
Billions of dollars
l
Gross corporals product
IV
Seasonally adjusted at annual rates
Billions of dollars
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies
_ _ __
III
1968
_
Services.
Housing ._
Household operation.. _ _ _
Transportation
Other
.
215.8 230.3 216.4 218.4 226.5
228.2 232.7 233.7
109.4 116.6 109.1 110.8 113.6
42.1 45.8 42.8 42.3 44.6
18.1 19.8 18.3 18.6 19.7
46.2 48.1 46.2 46.7 48.5
116.4 117.7 118.6
44.8 47.2 46.7
19.4 20.0 20.0
47.6 47.8 48.5
203.8 221.0 205.9 209.6 213.9
218.7 223.4 228.0
70.9
29.0
15.0
88.9
76.2
31.2
16.6
97.0
71.2
29.2
15.1
90.4
72.2
29.9
15.5
92.0
74.0
30.3
16.2
93.3
75.4
31.0
16.3
95.9
76.9
31.5
16.8
98.2
78.6
31.9
17.1
100.4
Table 12. — Foreign Transactions in the National Income and
Product Accounts (4.1)
Receipts from foreigners .
45.8
50.0
46.1
46.0
47.5
49.9
52.6 50.1
Exports of goods and services
45.8
50.0
46.1
46.0
47.5
49.9
52.6 50.1
Payments to foreigners
45.8
50.0
46.1
46.0
47.5
49.9
52.6 50.1
41.0
48.1
40.6
42.6
46.0
47.9
49.4 49.1
Transfers to foreigners
Personal
Government
3.1
.8
2.2
2.7
.7
2.0
3.4
.8
2.6
2.6
.7
1.9
2.6
.7
1.9
2.8
.8
2.1
Net foreign investment..
1.7
-.8
2.1
.8 -1.1
-.8
Imports of goods and services
2.8
.7
2.1
2.8
.7
2.1
.5 -1.8
SURVEY OF CURRENT BUSINESS
12
III
1967
1968
1967
1967 1968 P
February 1968
IV
I
II
III
1967
IV P
1968
IV
III
Table 13.—Federal Government Receipts and Expenditures (3.1, 3.2)
Federal Government expenditures
151.2
176.9 152.2 156.4 166.6
171.8182.1
67.3
30.9
79.3
38.4
68.2
30.6
69.7
32.4
72.0
37.0
74.9 83.7
38.2 38.6
86.8
16.2
36.8
17.6
41.5
16.3
37.0
16.4
17.0
40.5
17.5 17.8
41.2 42.0
18.1
42.4
165.1 168.6
175.1
163.6 182.2
II
III
IV
Index numbers, 1958=100
Billions of dollars
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax
accruals
Contributions for social insurance
I
Seasonally adjusted
Seasonally adjusted at annual rates
Federal Government receipts.
1968
181.9 184. 9 186.9
Purchases of goods and services
National defense
Other
90.6 100.0
72.4 78.9
18.2 21.1
91.3
72.9
18.4
93.5
74.6
19.0
97.1
76.8
20.3
100.0 101.2
79.0 79.6
21.0 21.5
101.7
80.0
21.7
Transfer payments...
To persons
To foreigners (net) _
42.3
40.1
2.2
47.8
45.7
2.0
42.9
40.3
2.6
42.7
40.8
1.9
45.1
43.2
1.9
47.7 48.7
45.6 46.6
2.1
49.5
47.4
2.1
Grants-in-aid to State and local governments
15.7
18.4
15.9
17.0
17.7
18.3 18.5
19.2
Net interest paid
10.3
11.9
10.2
10.7
11.3
11.8 12.1
12.3
Table 16.—Implicit Price Deflators for Gross National Product (8.1)
Gross national product
117.3 121.8 117.7 118.9 120.0
Personal consumption expenditures
114.3 118.4 114.7 115.7 116.8
118.0 118.7 120.1
100.4 103. 1 100.7 101.7 102.2
112.9 116.8 113.3 114.0 115.2
122.1 127.2 122.5 123.7 125.1
102.7 103.1 104.1
116.4 117.2 118.5
126.7 127.8 129.3
Fixed investment _
115.6 120.1 116.2 117.4 118.3
119.6 120.8 121.8
Nonresidential
113.5 117.2 113.8 114.9 115.8
116.7 117.6 118.5
Structures
123.6 129.7 124.6 125. 5 126.3
Producers' durable equipment. . 109.1 112.0 109.1 110.3 111.2
128.8 131.3 132.4
111.7 112.1 113.1
123.1 129.9 124.8 125.6 126.3
. . . 123.1 129.9 124.9 125.7 126.3
122.6 128.2 123.4 124.6 125.4
128.9 131.7 132.5
128.9 131.8 132.6
128.4 129.3 129.9
. 109.5 110.5 109.3 109.7 107.9
104.2 105.4 104.0 104.1 104.3
111.6 110.6 111.6
105.6 105.2 106.3
Durable goods
Nondurable goods .
Services. .
121.2 122.3 123.5
Gross private domestic investment
Residential structures .
Nonfarm-Farm . _
Change in business inventories
Net exports of goods and services
Subsidies less current surplus of government enterprises
4.8
Surplus or deficit (—), national
income and product accounts
4.1
4.6
4.4
4.1
-10.2 -2.8
-12.9 -12.2
Exports
Imports
Government purchases of goods and
services . _
126.8 132.1 127.0 129.2 130.1
Federal
State and local
121.2 126.2 120.7 123.7 124.4
133.3 138.9 134.3 135.5 136.6
..
131.1 133.0 134.3
124.9 127.2 128.2
138.4 139.4 140.9
Table 14.—State and Local Government Receipts and Expenditures
(3.3, 3.4)
State and local government receipts
91.9 102.4
92.7
95.5
97.8
100.8 103.6
17.6
2.9
15.4
2.5
15.8
2.7
16.3
2.8
17.0 17.9
2.9 2.9
19.0
58.2
5.3
18.4
53 8
5.1
15 9
54 7
5.1
17 0
55 8
5.2
17 7
57 3 58 9
5.3 5.4
18 3 18 5
60 8
5.5
19 2
93 3 103 6
93 8
95 8
99 5
101 9 104 9
108 2
97.2
9.6
.3
88.4
8.6
2
90.0
9.0
2
93.4
9.2
2
95.6 98.4
9.4 9.6
3
3
101.2
10.0
4
Addendum:
34
33
33
34
Personal tax and nontax receipts
15.2
Corporate profits tax accruals
2.6
Indirect business tax and nontax
accruals
53 4
Contributions for social insurance... 5.1
Federal grants-in-aid
15 7
State and local government expenditures
Table 17.—Implicit Price Deflators for Gross National Product by
Major Type of Product (8.2)
Purchases of goods and services
87.8
Transfer payments to persons
... 8.5
Net interest paid _
.2
Less: Current surplus of government
enterprises
33
Surplus or deficit (—), national
income and product accounts
-1.4 -1.2 -1.1
-.4 -1.7
34
34
Gross national product.
Goods output
Durable goods
Nondurable goods..
40.7
26.4
Gross private domestic investment Net foreign investment
Statistical discrepancy.
p Preliminary.
40.5
24.1
-3.1
-1.1 -1.3
43.4
27.9
133.6
40.8
25.5
141.4137.0
44.0 37.1
26.3 26.0
121.2122.3 123.5
113.0 113.6
114.5
Services
126.1 131.8
126.4
128.2
129.5
131.1 132.5
134.1
Structures
124.6 131.1
126.1
127.0
127.7
130.2132,
133.8
100.0
100.5
101.9
102.1
102.0102.3 103.4
Gross auto product.
102.5
Table 18.—Implicit Price Deflators for Gross National Product by
Sector (8.4)
40.9
117.3 121.8 117.7 118.9 120.0
121.2 122.3 123.5
114.8 118.9 115.2 116.2 117.2
118.4 119.3 120.5
Business
Nonfarm
Farm
114.1 118.2 114.6 115.5 116.5
114.7 118.8 115.2 116.2 117.1
100.7 104.5 100.2 101.1 103.2
117.8 118.6 119.9
118.4 119.1 120.4
101.9 106.3 106.5
Households and institutions .
143.7 148.9
General government
143.7 152.1 143.4 147.6 149.1
150.5 153.4 155.1
-3.1 -5.1 -2.7 -1.0
47.1
44.1
44.9
45.7
46.7 47.6
:8.5
27.2
.0
25.9
.0
26.3
.0
26.6
.0
27.0 27.3
.0 .0
27.7
.0
Government surplus or deficit (—),
national income and product
accounts
-13.8 -6.5
Federal
-12.4 -5.3
State and local..
-1.4 -1.2
Gross investment..
134.1 139.4
118.9 120.0
35
Table 15.—Sources and Uses of Gross Saving (5.1)
133.3138.2
110.2 111.1 112.0
108.7 109.2 110.1
116.1 116.9 117.8
Gross national product
Personal saving
40.2
Undistributed corporate profits
25.2
Corporate inventory valuation adjustment
-1.2
Corporate capital
consumption
allowances
43.4
Noncorporate capital consumption
allowances
25.7
Wage accruals less disbursements....
.0
117.7
106.0 109.0 106.2 107.4 107.9
112.8 116.5 113.1 113.8 115.0
Private
Gross private saving.
117.3 121.8
110.0 113.3
-14.0 -12.5 -10.3 -11.3 -4.1
-12.9 -12.2 -8.6 -10.2 -2.8
-1.1 -.4 -1.7 -1.1 -1.3
116.0126.9
116.7 122.6
118.7
126.5127.5
134.8
114.3 127.7
1.7
114.7
2.1
119.7 127.3 127.1
-1.1
.5
136.6
-1.8
-3.5 -4.8
-3.4
-4.2
-4.7
-3.6 -5.3
HISTORICAL DATA
Historical national income and product data are available
from the following sources:
1964-67: July 1968 SURVEY OF CURRENT BUSINESS.
1929-63: The National Income and Product Accounts of the
United States, 1929-65, Statistical Tables (available from any
U.S. Department of Commerce Field Office or from the Superintendent of Documents, U.S. Government Printing Office,
Washington, D.C. 20402, price $1.00 per_c_opy).
By CHARLES A. WAITE and JOSEPH C. WAKEFIELD
Federal Programs for Fiscal 1970
A modest Federal budget surplus is
projected for fiscal 1969 and 1970,
following the unusually large deficit of
fiscal 1968. The budget estimates assume
retention of the 10 percent tax surcharge and only a small increase in
defense spending.
I\. modest surplus in fiscal 1969
and 1970 was the principal feature of
the fiscal 1970 budget submitted to
Congress in mid-January. Realization
of the surplus would represent a significant shift in the Federal fiscal position
from 1968, when the largest deficit in
the post-World War II period was
recorded.
The fiscal 1970 surplus, only the
second since 1960 on a unified budget
basis, depends on two major factors:
(1) congressional approval of President
Johnson's request to extend the individual and corporate surcharge to
June 30, 1970, and (2) the relatively
modest increase in expenditures projected for fiscal 1970.
Retention of the surcharge is the
main ingredient in attaining the projected 1970 budget surplus, for in the
absence of this tax, budget receipts
would be reduced by an estimated $9
billion. New proposals to raise social
security taxes and postal rates, to
impose new user charges in the field of
transportation, and to extend current
excise tax rates through calendar 1970
have significant effects on the expected
surplus, but are not essential to its
achievement.
Federal expenditures in the new
fiscal year are projected to continue
rising but at a slower pace than receipts.
The increase in Federal outlays is the
smallest since before the Vietnam
buildup, except for fiscal 1969, when
spending was held down by the mandatory expenditure controls imposed by
Congress. Most of the 1970 advance is
estimated to occur in civilian categories
not easily controlled such as pensions,
public assistance, and medicare. Among
the other domestic programs, higher
outlays are provided for social security
benefits and urban assistance. Defense
spending is up only slightly, with a
decline in Vietnam expenditures offset
by increases in other defense programs.
The budget projects a decrease in
outlays for agriculture and space.
Underlying the new budget estimates is the assumption that in calendar
1969 GNP will reach $921 billion, an
increase of 7 percent as compared with
last year's advance of 9 percent.
Personal income is estimated at $736
billion—$50 billion more than in 1968—
and corporate profits before taxes are
projected to rise from $92 billion to
$96 billion. The budget also assumes a
moderate slowing of the economic
expansion during the first half of 1969,
to be followed by a somewhat stronger
pace in the second.
Since the fiscal 1970 budget \vas
submitted during the period of execuCHART 8
Federal Fiscal Position
Surpluses estimated for FY 1969 and 1970
Billion $
10
National Income Accounts (NIA) Basis
5 —
Unified Budget Expenditure
Account (excludes net lending)
-10
-20 —
-25 —
-30
1963
1964
1965
1966
1967
1968
*1969
*1970
Fiscal Years
*Estimates from "The Budget of the United States for the
Fiscal Year Ending June 30, 1970."
U.S. Department of Commerce, Office of Business Economics
13
330-841 O - 69 - 2
SURVEY OF CURRENT BUSINESS
14
Table 1.—Federal Government Receipts and
Expenditures, Fiscal Years 1968-70
Major shift toward surplus
[Billions of dollars]
1970
estimate
1968
actual
1969
estimate
Receipts
153.7
Expenditures _ . _ _
172.8
Surplus or deficit (— ) on
expenditure account
-19.2
6.0
Plus: Net lending (-)— Equals: Surplus or
-25.2
deficit (-)
186.1
182.3
198.7
194.4
3.8
1.4
4.3
.9
2.4
3.4
190.0
187.3
2.7
202.3
199.6
2.7
Unified budget:
National income accounts:
161.1
172. 4
-11.3
Receipts
Expenditures
Surplus or deficit (— )
Sources: U.S. Bureau of the Budget and U.S. Department
of Commerce, Office of Business Economics.
tive transition, modifications may result
in budget plans as the new administration redirects programs to its own goals
and objectives. Federal agencies are
reviewing their programs in an attempt
to lower costs or to offer alternatives.
The remainder of the article analyzes
the swing from deficit to surplus, discusses projected budget patterns over
the next 18 months, examines the
changes in receipts and expenditures
from fiscal 1969 to 1970 as measured in
the national income accounts, and
compares the unified budget with
Federal expenditures and receipts in
the national income accounts.
The shift to surplus is most evident
in the unified budget where the deficit
of $25 billion recorded in fiscal 1968
moves to a surplus of $2% billion and
$3% billion in fiscal years 1969 and 1970
respectively. The swing is less pronounced when net lending is excluded
from unified budget outlays; the resulting "expenditure account" moves from
a $19 billion deficit in 1968 to a surplus
of approximately $4 billion in each of
the next 2 years. An even smaller shift
is expected in the government's fiscal
position as measured in the Federal
sector of the national income accounts
(NIA). On the NIA basis, the $11%
billion deficit of fiscal 1968 is expected
to be followed by a surplus of $2%
billion in both 1969 and 1970. Table 1
summarizes receipts and expenditures
in the budget and in the Federal sector.
Three major factors contribute to
the difference between the estimated
$14 billion shift in the NIA as compared
with the $28% billion swing in the unified budget from 1968 to 1970. The first
is a $5% billion decline in lending,
nearly half of which is a result of converting three federally sponsored credit
agencies from mixed ownership to
wholly private ownership. These include FNMA secondary market operations, the banks for cooperatives, and
Table 2.—Federal Receipts and Expenditures, National Income Accounts Basis, 1968-70
[Billions of dollars]
Quarterly, seasonally adjusted at
annual rates
Fiscal years
1968
actual
Federal Government receipts
.__
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax accruals
C ontributions for social insurance
_
.
1969
1970
estimate estimate
Calendar 1968
I
II
III
IV
161.1
190.0
202.3
166.6
171.8
182.1
71.6
34.5
17.1
37.9
88.6
39.3
18.1
44.0
94.0
40.2
19.2
48.9
72.0
37.0
17.0
40.5
74.9
38.2
17.5
41.2
83.7
38.6
17.8
42.0
86.8
18.1
42.4
172.4
187.3
199.6
175.1
181.9
184.9
186.9
Purchases of goods and services
National defense.
Other
95.6
75.8
19.8
101.5
79.9
21.6
105.6
82.2
23.4
97.1
76.8
20.3
100.0
79,0
21.0
101.2
79.6
21.5
101.7
80.0
21.7
Transfer payments.
To persons
To foreigners (net)
44.5
42.4
2.1
50.1
48.0
2.1
54.9
52.8
2.1
45.1
43.2
1.9
47.7
45.6
2.1
48.7
46.6
2.1
49.5
47.4
2.1
Grants-in-aid to State and local governments
Net interest paid-._
Subsidies less current surplus of government enterprises
17.4
10.8
19.6
12.0
23.0
12.2
17.7
11.3
18.3
11.8
18.5
12.1
19.2
12.3
4.1
4.1
3.9
3.9
4.1
4.4
4.1
—11.3
2.7
2.7
—8.6
—10.2
Federal Government expenditures
Surplus or deficit (— ), national income and product
accounts
-2.8
Sources: "The Budget of the United States for the Fiscal Year Ending June 30,1970," and U.S. Department of Commerce,
Office of Business Economics.
February 1969
the Federal intermediate credit banks.
Much of the remaining decline would
reflect less reliance by Federal agencies
on direct loans, which have an immediate budget impact, and more on private
financing through the guaranteeing or
insuring of private funds against loss.
The second factor is an estimated
$4% billion reduction in the excess of
tax accruals over tax collections. The
shift is mainly in the category of corporate taxes, where liabilities infiscal1968
were increased by the retroactive tax
surcharge and the boom in profits.
Neither influence was fully reflected in
cash collections, with the result that
there was a large excess of liabilities
over collections in the first half of calendar 1968. In fiscal 1970, the reverse is
projected—corporate collections are expected to exceed accruals. This is
largely because collections will be influenced by some delayed payment of
the surcharge and by new provisions
for acceleration of payments that do
not affect liabilities. In addition, the
proposed speedup in the collection of
the Federal unemployment tax does
not affect liabilities or, therefore, NIA
receipts.
The last major factor in the shift is a
$4 billion increase in deliveries of
defense hard goods relative to cash
payments. The expectation of a large
excess of deliveries over cash payments
in 1970—about $1% billion—almost
completely reverses the experience of
1968 when payments exceeded deliveries by more than $2 billion. Deliveries
generally lag expenditures during periods of rapid defense expansion and
exceed them when programs are at
an advanced stage. When programs are
well advanced, the Department of
Defense takes delivery of items largely
paid for through progress payments
made in earlier periods.
During the early stages of a defense
buildup, production of military hardware with long leadtimes, such as
aircraft, is recorded in inventories in
the GNP accounts. When the final
delivery is made to the Government,
defense purchases are increased and
inventories decreased, with no change
in total GNP.
SUEVEY OF CUKEENT BUSINESS
February 1969
Budget patterns
Achievement of the budget plan
would result in a more restrictive fiscal
policy this calendar year. According
to President Johnson's Council of
Economic Advisers, a Federal surplus
of $5 billion is expected in calendar
1969 on an NIA basis, the largest
such surplus since 1956. This would be
a marked contrast to the $5 billion
deficit recorded last year and the
$12% billion deficit of 1967.
A particularly large surplus—over
$6X billion (annual rate)—is expected
in the first half of 1969; this represents
a swing of close to $8 billion from the $1
billion deficit recorded in the last half
of calendar 1968. In addition to a projected expansion in expenditures of only
moderate proportions, two factors increasing receipts contribute to this large
surplus position. First, the rise in social
security taxes on January 1, 1969, adds
$3 billion (annual rate) to receipts. Second, extra final settlements on 1968 income tax liabilities payable by April 15,
1969, are expected to swell personal tax
CHART 9
Changes in Federal Government
Receipts (NIA Basis)
Billion $ Change
10
20
30
payments by about $1% billion in the
first half. The unusually large final settlements are a direct result of the surcharge legislation that raised 1968 tax
liabilities 7.5 percent but that did not
institute the 10 percent increase in
withholding rates until mid-July. The
resulting gap between liabilities and
payments during 1968 must be made up
this spring.
The NIA surplus will diminish at
midyear when personal taxes no longer
reflect the unusually high settlements
and when the $2.8 billion Federal pay
raise becomes effective. Partially offsetting these developments are proposals to raise postal rates $% billion
and to impose nearly $% billion of new
user charges.
In the first half of 1970, the surplus
is expected to expand again, aided substantially by the proposed $5 billion
(annual rate) increase in social security
taxes. Social security benefits, beginning with February checks, are also
expected to go up about $3% billion
(annual rate). Corporate tax liabilities
are estimated to fall during this period,
reflecting the reduction in corporate
tax rates in calendar 1970. The budget
assumes a drop in the corporate surcharge from 10 percent in calendar
1969 to 5 percent in 1970.
Federal receipts and expenditures
as measured in the national income and
product accounts for the fiscal years
1968-70 are shown in table 2.
TOTAL
15
output and income from the previous
year. The remaining $2 billion is the
net effect of tax changes in existing law
and new proposals to extend the surcharge, raise social security taxes, and
initiate or raise certain user charges.
The surcharge adds $1% billion less to
the level of receipts in fiscal 1970 than
in the preceeding year (about $11 billion
in 1970 as compared with $12% billion
in 1969). However, the other tax increases, amounting to about $3% billion,
more than offset the effect of the
surcharge.
The proposal to extend present excise
tax rates on autos and telephone service
is not a factor in the year-to-year change
but, if approved by Congress, would
prevent the loss of $% billion of Federal
receipts.
Continued rise in personal taxes
Personal tax and nontax payments
account for nearly $5% billion of the
total advance in fiscal 1970 receipts.
This is the net result of a rise of
CHART 10
Changes in Federal Government
Expenditures (NIA Basis)
Billion $ Change
-10
0
10
20
TOTAL
Fiscal 1970 Receipts
Personal Taxes
Corporate Profits
Taxes
Indirect Business
Taxes
Contributions for
Social Insurance
U.S. Department of Commerce, Office of Business Economics
Federal receipts in fiscal 1970 on an
NIA basis are estimated to exceed $202
billion, an increase of nearly $12% billion
over projected fiscal 1969 revenues.
This advance is well below the record
$29 billion rise projected for the current
fiscal year when receipts were bolstered
by tax increases.
The distribution of the fiscal 1969-70
increase in receipts between that due to
economic expansion and that due to
tax changes is markedly different from
the 1968-69 change, when nearly onehalf of the $29 billion rise could be
attributed to tax changes. Over $10
billion of the 1970 advance can be
attributed to the expected growth of
Purchases of
Goods & Services
Transfers
Grants-in-Aid
Other
U.S. Department of Commerce, Office of Business Economics
1969-70
1968-69
1967-68
16
more than $6 billion attributable to
economic expansion and a reduction of
$% billion due to the surcharge.
The increase due to expansion comes
entirely from withheld income taxes
and payments under quarterly declarations; together, these are projected to
rise over $8 billion. This rise is less than
the previous year's advance, because
the budget anticipates a slowdown in
the rise in personal income. A decline
in final settlements (excluding the
surcharge impact) partially offsets the
increase in withholdings and declarations primarily because, under the
graduated withholding system in
periods of growing incomes, a larger
percentage of a year's liability is paid
through withholding and less through
final settlements.
Even though the proposed budget
projects withholding rates that reflect
the full 10-percent surcharge throughout fiscal year 1970, personal taxes
attributable to the surcharge are expected to decline $% billion from fiscal
year 1969. As noted earlier, final
settlements this spring will be very
heavy because of the retroactive nature
of the surcharge; this influence will not
be present in the spring of 1970, and
to this extent, final settlements will be
much smaller at that time.
Personal taxes could be affected by a
budget request that the President be
given authority to reduce or repeal the
income tax surcharge subject to congressional veto. For the longer run, the
budget revived an earlier proposal that
the Congress delegate to the President
authority to change regular income tax
rates within specified limits.
Small advance in corporate taxes
The removal of the surcharge on
July 1, 1970, also restricts the fiscal
1970 advance in corporate tax liabilities.
The estimated $1 billion net increase in
these taxes is the result of a $1% billion
advance attributable to the anticipated
rise in profits, partially offset by a $%
billion decline due to the drop in the
surcharge on liabilities from 10 to 5
percent on January 1, 1970. The increase in projected 1969 profits before
taxes—4 percent above last year—is
SURVEY OF CURRENT BUSINESS
February 1969
below that recorded in every recent The $5 billion advance over fiscal year
year except 1967, when profits declined. 1969 would bring total contributions to
In line with the general pattern of $49 billion, almost double the level of
economic assumptions, calendar 1969 fiscal 1965. About $3% billion of this
profits are projected to fall slightly in advance is due to changes in social
the first half but to rebound in the security financing. Of this, nearly $2
second.
billion comes from the proposed increase
It may be noted that two of the in the tax rate from 9.6 to 10.4 percent
corporate income tax provisions adopt- and from an increase in the taxable
ed in mid-1968 affect tax payments but wage base from $7,800 to $9,000, effecdo not affect receipts in the national tive January 1, 1970. In addition,
income accounts, where these taxes are another $1% billion is due to the full
measured on an accrual basis. These year effect of the January 1, 1969,
amendments (applicable to taxable increase in tax rates from 8.8 to 9.6
years beginning January 1, 1968) pro- percent.
vided for: (1) an increase from 70 to
The proposed tax rise moves up by
80 percent in the percentage which a 1 year the increase in rates now
corporation's estimated tax payments scheduled for January 1, 1971; present
must bear to its final liability and (2) law calls for no further increase in the
the gradual elimination of the present earnings base. If approved by Congress,
exemption from estimated tax pay- the 1970 changes will mark the fifth
ment of the first $100,000 of corporate straight year of higher social security
tax liability.
rates or an expanded earnings base. As
Indirect business tax and nontax may be seen in table 3, there has been
accruals are expected to rise about $1 a significant increase in both the rates
billion to more than $19 billion. The and the base during the 1960's.
increase reflects a rise of over $% billion
The remaining increases in social inprincipally in alcohol, gasoline, and surance contributions result mainly
telephone excise taxes as well as re- from continued growth in the number
tention of present auto and telephone of persons and the volume of payrolls
rates—now 7 percent and 10 percent covered by social security. Only modest
respectively—through calendar 1970. increases in contributions are expected
Under present law, both would be in other social insurance programs, such
reduced to 5 percent January 1, 1970. as unemployment insurance, Federal
Implied in these estimates are a slight civilian retirement, and Government
decline in auto sales (including imports) life insurance.
in calendar 1969 and a moderate
The new proposal to speed up collecincrease in 1970.
tion of the Federal unemployment inAnother $400 million would come surance tax—without changing rates—
from additional user charges, mainly in will add nearly $300 million to budget
the field of transportation. Among the revenues. This acceleration will not
proposed user charges, some of which
have been recommended before and Table 3.—Taxable Wages and Tax Rates
Under Social Security, 1960-70
rejected by the Congress, are higher
levies on diesel fuel, general aviation
Employeremployee
gasoline, and airline tickets, as well as
Calendar year
Maximum
OASDHI
payroll
wage
base
new taxes on air freight and general
rax rate,
percent
aviation jet fuel. The charges for users
of airline services would be employed 1960-1961
6.0
$4, 800
1962.
4,800
6.25
to defray the costs of the planned ex- 1963-1965
7.25
._
4,800
8.4
4,800
pansion of the national airways system 1966
6,600
8.8
1967
and for airport development.
8.8
7,800
1968
New social security taxes
Social insurance contributions are
projected to continue their rapid rise.
1969
1970
1
1
7,800
9, 000
9.6
110.4
Proposed.
Source: Social Security Administration, Department of
Health, Education, and Welfare.
February 1969
affect NIA receipts since liabilities for
this tax will remain unchanged. Currently, this levy (0.4 percent on the
first $3,000 of wages) is paid entirely by
employers in January following the year
of liability. The new proposal is to have
employers pay in quarterly installments beginning in calendar 1970.
SURVEY OF CURRENT BUSINESS
Strategic forces emphasized
17
to the pay raise. For the remainder,
increases in transportation, housing,
health, and veterans programs are partially offset by declines in agricultural
and space purchases.
The projected decline in agriculture—
about $% billion—is mainly in operations of the Commodity Credit Corporation (CCC), which have risen substantially in the last few years. The
reduction is based on the assumption
that farmers will not produce surpluses
as large as in the preceding year.
Estimates of smaller crops of wheat and
soybeans and increased utilization of
feed grains and soybeans account for
most of the decrease.
Space outlays are expected to decline—to $4 billion—for the fourth
straight year from the peak of nearly
$6 billion in fiscal 1966. The drop of
over $% billion from 1969 occurs almost entirely in the lunar program,
although the budget projection assumes
three manned lunar landings after the
first U.S.-manned expedition to the
moon's surface in calendar 1969.
No new funds were requested for
additional procurement of the huge
Saturn V, the major launch vehicle in
the space program. This means that
no funds would be available to buy
more than the 15 Saturns NASA cur-
The $4 billion rise in non-Vietnam
defense outlays centers in procurement,
with smaller increases for military
personnel costs and research and development programs. Increased emphasis is being given to strategic forces,
particularly for ballistic missile systems,
and for the deployment of the missile
defense system.
An important indicator of future
Fiscal 1970 Expenditures
defense spending, the request for new
Federal expenditures as measured in obligational authority (NOA), is up
the national income accounts are pro- $3% billion (excluding the new pay
jected to rise about $12% billion in fiscal raise) over 1969; this is well above the
1970, less than the $15 billion advance projected increase in outlays. NOA is
forecast for the current fiscal year. the amount Congress is asked to apPurchases of goods and services—de- propriate, but it is not necessarily
fense and nondefense—together with reflected in expenditures during the
transfer payments account for more fiscal year.
than three-fourths of the rise.
A significant part of the increase in
National defense expenditures— NOA is for new ship construction, most
which have risen about $30 billion since of which, because of the lag between
the Vietnam buildup started—are pro- obligation and delivery, will be recorded
jected to advance only $2% billion, the as purchases in the years after 1970.
smallest increase in 5 years. Over $2 In particular, new funds are requested
billion of this rise can be attributed to for submarines and destroyers used in
the military and defense-related civilian antisubmarine warfare and a new
pay raises scheduled for July 1, 1969. nuclear-powered attack aircraft carrier.
The remaining $}£ billion is the result of Other increases are recorded in funds
two largely offsetting changes—an in- for multiple warheads for our strategic
crease of $4 billion in Department of missiles, further strengthening of missile
Defense (DOD) programs not related to sites and for the Sentinel antimissile
the war in Vietnam and a decline of system, which is intended primarily to
$3% billion in Vietnam spending.
provide a defense against a small scale Table 4.—Defense Department Budgetary
Expenditures, Military Functions and
The reduction in DOD Vietnam costs ICBM attack.
Military Assistance, Fiscal Years, 1968-70
from $29 billion to $25% billion is the
Table 4 provides a detailed break[Billions of dollars!
first since the war began, but is not down of the DOD military expenditures
1970
1969
1968
based on any assumption about an end in the budget; these outlays differ
estiactual estimate mate l
to the war or a reduction of American somewhat in scope and timing from
forces in Southeast Asia. Rather, the national defense purchases in the na79.0
78.4
78.0
Total
lower fiscal 1970 figure is based on tional income accounts.
24.2
23.7
22.0
Military personnel
recent levels of combat activity that
21.8
22.1
20.6
Another component of national de- Operation and maintenance
have resulted in fewer losses of aircraft fense purchases, atomic energy outlays, Procurement
23.4
24.3
23.3
8.2
9.0
95
\ircraft
and in less consumption of bombs and shows a small rise to $2% billion,
3.2
2.9
2.2
Missiles
1.7
14
1.7
Ships
ground ammunition. In addition, mili- principally because increases in
7.0
7.3
6.4
Vehicles and ordnance
Electronics and communicatary construction in Vietnam—such as spending for nuclear weapons and for
1.4
1.6
1.6
tions
2.0
1.9
2.2
Other
roads and bases—is expected to decline. the development of naval propulsion
development, test and
The strength of the Armed Forces in reactors offset a decline in purchases of Research,
7.8
7.5
7.7
evaluation
1.4
1.5
1.3
Construction,
military
Southeast Asia is estimated at 639,000, uranium concentrates.
.6
.6
.5
Family housing
only 5,000 above our present force levels
.1
.1
.1
Civil defense
.5
.6
.7
Military assistance
in that region. Total military personnel Nondefense purchases rise
Revolving and
management
-.8
-2.1
1.9
funds
and
other
Nondefense purchases are estimated
by the end of fiscal 1970 is estimated at
somewhat less than 3% million, a decline to rise $1% billion in fiscal 1970, only
i Total does not include amount attributable to the schedof about 30,000 made possible mainly slightly less than the rise from 1968 to uled military and civilian pay increase.
Sources: "The Budget of the United States for Fiscal Yearby a reduced need for training personnel. 1969. Over $% billion can be attributed Ending June 30,1970," and U.S. Department of Defense.
18
SURVEY OF CURRENT BUSINESS
February 1969
about $8% billion, somewhat less than ministration; one to extend medicare
the $9 billion estimated forfiscal1969. benefits to the disabled and the other
Augmented by a proposed increase in to eliminate the $4 monthly medical
social security benefits, transfer pay- insurance premium payment. Neither
ments to persons account for nearly $5 change was called for until after fiscal
billion of the rise. Grants-in-aid to 1970. Extending benefits to the disabled
State and local governments are ex- would represent the first extension of
pected to advance $3% billion. The medicare to persons under 65 years of
other NIA categories—net interest paid, age.
subsidies (less the current surplus of
Over half of the remaining $1K
government enterprises), and foreign billion increase in personal transfers
transfers—show little change on reflects increases in veterans compensabalance.
tion and pensions and military retired
The large anticipated increase in pay. Average benefits under these protransfer payments reflects primarily the grams were increased midway in fiscal
continued growth of social security 1969, and the levels for fiscal 1970
programs, including medicare. Close to reflect the full year costs of these in$3K billion of the nearly $5 billion creases. The rest is scattered among
increase in this category can be at- many programs including Federal civiltributed to the old age, survivors, ian pensions, unemployment insurance,
disability, and hospital insurance etc.
(OASDHI) program.
The fiscal 1970 budget calls for acOver
$1%
billion
of
the
projected
celerated
growth in grants-in-aid to
Transfers and grants continue up
OASDHI rise results from proposed State and local governments. These
Government expenditures, in addinew legislation—effective early in cal- outlays are projected to reach $23
tion to influencing GNP directly
endar 1970—which would increase billion, an increase of nearly $3%
through purchases of goods and servsocial security benefits for most per- billion, or more than 50 percent above
ices, contribute to aggregate demand
sons by 10 percent, raise the monthly the 1968-69 advance, and more than
indirectly through various other types
minimum from $55 to $80, and in- double the level offiscal1965.
of outlays such as grants-in-aid, transMost of the grant programs—the
crease from $1,680 to $1,800 the amount
fers, interest payments, and subsidies.
a beneficiary might earn without losing exceptions are mainly certain programs
Grants-in-aid help finance State and
benefits. Because of the disproportion- administered by the Office of Economic
local programs, such as for highways
ate increase in payments at or near Opportunity—are scheduled to increase.
and education; the other types of outminimum, the overall increase would Public assistance outlays, including
lays increase private incomes and examount to 13 percent. Another $!}{ Medicaid, are expected to rise $1%
penditures.
billion results from continued growth billion, reflecting additional caseloads
Outlays other than for purchases of
for aid to dependent children, higher
goods and services are projected to rise in the retirement beneficiary rolls.
More than $% billion of the 1970 medical costs, and increased utilization
advance is attributable to medicare, of medical services. In fiscal 1970, all
Table 5.—Reconciliation of Unified Budget
almost entirely in the hospital in- 50 States will participate in the MedDeficit with Federal Deficit, National
surance
program. Over $6% billion icaid program, which will serve more
Income Accounts (NIA) Basis, Fiscal
Years, 1968-70
will be spent for medicare infiscal1970 than 10 million persons, a 700,000
[Billions of dollars]
if the budget projections materialize, advance over fiscal year 1969.
Grants for the highway program,
or nearly double the costs in fiscal
1970
1969
1968
year 1966, the first year of the program. which have been essentially stable
A rising number of beneficiaries, greater since 1965, are. estimated to rise over
Unified budget surplus or deficit
3.4
2.4
—25.2
frequency of hospitalization, and higher $l/2 billion in 1970. Proposed legislation
.9
Plus: Net lending _
.
6.0
1.4
hospital charges account for most of for highway beautification and for the
Equals: Expenditure surplus or
this advance. The budget anticipates promotion of safety account for part of
4.3
-19.2
deficit (—) .
3.8
that steps being taken by the Depart- this advance.
Plus: Excess of tax accruals over
.2
.5
collections
- - _.
4.6
ment
of Health, Education, and WelExcess of payments over
The remaining% $1% billion rise in
-1.8
deliveries
2.1
-1.8
fare
to
stem the rise in medical fees
Loan transactions excluded
from NIA, but included in
will hold the increase in the companion grants is distributed over many pro1.0
1.1
expenditure account
1.6
-1.0
-.4
Allother
-.9
medical insurance program to less than grams, including large increases for
Equals: Federal surplus or defiModel Cities ($% billion) and urban
$50 million.
2.7
cit (—) on NIA basis
2.7
-11.3
renewal
($X billion). Grants for health,
The budget did not include funds for
Source: U.S. Department of Commerce, Office of Busicrime
control,
manpower programs,
two late proposals of the Johnson Adess Economics.
rently expects, to be delivered by late
1970 or early 1971.
Among the wide range of other nondefense purchases—about 60 percent
employee compensation—air traffic control operations showed a particularly
large increase. The budget calls for
adding 4,450 persons, mainly air controllers, and for expanding the use of
semiautomated equipment. Another
nonrecurring increase is about $125
million for the data gathering and
processing of the Nineteenth Decennial
Census.
The full year costs of the recent increase in executive pay, including that
for legislators, the judiciary, and other
high-ranking Federal officials, affects
only about 2,200 persons and is estimated to add some $22 million to fiscal
1970 outlays. The new pay scales became effective in February.
February 1969
recreation, and airport development are
also expected to rise sharply. Education
programs will continue to increase, but
at a slower rate than in earlier years.
Of particular interest is a budget
proposal concerning grants for sewage
treatment plants which could substantially increase the impact of this
program while minimizing immediate
budget costs. If successful, it might
also point the way for adoption in other
areas. The budget proposal would allow
local communities to sell construction
bonds covering entire plant costs, with
the Federal grant—as much as 55
percent—paid as the principal payments fall due.
SURVEY OF CURRENT BUSINESS
Subsidies (less the current surplus of
government enterprises) are projected
to fall slightly in 1970, largely because
of a lower postal deficit resulting from
new proposals to raise postal rates. Congress was asked to approve putting
today's 6-cent first class mail and 10cent airmail into a single category at
7 cents an ounce. In the new category,
letters would be moved by the most
expeditious means of transport, usually
by air for distances over 200 miles. The
new proposals, which also included a
1-cent increase in single piece third class
mail, were expected to raise nearly
billion, more than offsetting the
billion pay raise for postal workers.
The budget also endorsed creation of
Large decline in debt
a nonprofit, Government-owned postal
Net interest paid will show a very corporation along lines recommended
small increase—less than $# billion— by the President's Commission on Postal
if budget estimates materialize. This Organization. If the new plan is
marked slowdown—the smallest rise adopted, the postal corporation would
since fiscal 1962—is primarily due to be empowered to raise money through
the anticipated reduction in debt held bond issues to finance modernization of
by the public. This debt is projected the postal service. Postal revenue,
to fall from $291 billion at the end of under control of the corporation, would
fiscal 1968 to $273 billion on June 30, be be used to service the bonds, operate
1970, thus reducing the average level the postal system, and pay for needed
of debt outstanding betweenfiscal1969 research and development.
Other important components of this
and fiscal 1970.
category,
such as agricultural and
Reflecting the large swing in the Government's fiscal position from 1968 to
1969, most of the debt reduction is expected to occur during the first 6 months
of calendar 1969. The budget implies
The Distribution of the Budget Dollar
that debt held by the public will decline
$15 billion in this period, which is in
marked contrast to the $2^ billion increase in this debt category during the
same period last year and far greater
than the typical first-half declines of
earlier years. However, following the
pattern of past years, the publicly held
debt is expected to increase seasonally
during the latter half of 1969.
Contrary to the expected reduction
in the debt held by the public, Government investment accounts—particularly
the trust funds—are projected to increase their debt holdings by over $9
billion and over $10 billion in fiscal 1969
and 1970 respectively. This is a result
of large surpluses expected to be realized
by trust funds, which are required by
SOURCES OF RECEIPTS
law to invest surpluses in Federal
securities.
U.S. Department of Commerce, Office of Business Economics
19
maritime subsidies, are projected to
show only minor changes from fiscal
1969 levels.
Unified Budget and NIA
Concepts
Like last year's budget, thefiscal1970
budget was presented to Congress in
the unified format recommended in late
1967 by the President's Commission on
Budget Concepts. This format was designed to present the Government's
financial plan in a clear and comprehensive manner and to overcome the
confusion of former years when three
concepts—the administrative, cash, and
the NIA—were utilized.
Generally, the Commission's recommendations moved the budget closer to
the concepts used in the national income accounts. Moreover, those recommendations that have been implemented
have brought the unified budget—particularly the expenditure account—and
the NIA into close conformity in such
areas as agency coverage, the netting
of "market-oriented" receipts, the segregation of lending, and the treatment
of participation certificates.
Although all of the Commission's
recommendations have been accepted,
(NIA Basis) Fiscal Year 1970
Subsidies Less Current
Surplus of Government
Enterprises 2c
TYPES OF EXPENDITURES
20
SURVEY OF CURRENT BUSINESS
a few have yet to be implemented in
the budget. Of these, the major one is
the presentation of receipts and expenditures on an accrual accounting
basis. The Budget Bureau, the Treasury, and the General Accounting Office
are currently working with other Federal agencies to accomplish this goal
but have encountered a number of
difficult technical problems in establishing the new accounting system.
While the Commission recommendations that have been adopted have
resulted in substantial common ground
between the NIA statement and the
unified budget, it must be recognized
that these two approaches to Government accounting have a somewhat
different focus. As the Government's
comprehensive financial plan, the new
budget serves many purposes—financial, economic, administrative, and informative. On the other hand, since
the NIA statement of Federal receipts
and expenditures is only one part of a
broader framework—the national income accounts—it must be subject to
the definitions used to synchronize the
various sectors of the accounts. Consequently, with such differences in
approach, there will generally be some
divergence between the two measures.
although the budget is more nearly on
a "net" basis. This is due mainly to
the different treatment of Federal
contributions to the Civil Service retirement fund. The NIA records the
contribution as an expenditure in the
form of employee compensation and
as a corresponding receipt under social
insurance contributions. In the budget,
this contribution is excluded from total
outlays as an interfund transfer, but
it is included in the expenditures shown
for individual agencies.
Since all net lending in the unified
budget is excluded both from the expenditure account deficit of the budget
and from the NIA deficit, the following
discussion will focus on the relationship
between the last two measures.
First, the two differ in the timing of
receipts. The unified budget records
receipts are on a cash collection basis.
In the national income accounts, most
types of receipts, such as corporate
income and excise taxes, are recorded
on an accrual basis while personal income taxes are recorded on a payments
basis. In fiscal 1970, NIA receipts are
projected to exceed collections by only
$0.2 billion.
Second, the two measures differ in
the timing of expenditures, particularly the purchases of goods and services. The unified budget records expenditures in the same way as the earlier
administrative budget, that is, on a
checks-issued basis, except for interest,
which is recorded on an accrual basis.
The NIA statement records most purchases on a delivery basis (generally
synchronizing with the timing in the
rest of the national income accounts),
interest on an accrual basis, and most
Budget-NIA reconciliation
The existing differences between the
two budget concepts can be summarized
in the following major categories: (1)
Netting and grossing; (2) timing of
receipts; (3) timing of expenditures;
(4) definition of loans; and (5) all other,
including foreign currency transactions,
purchases and sales of land, geographical differences, etc. Table 5 shows asummary reconciliation of the Federal
deficit or surplus, as recorded in the
unified budget and in the national
income accounts.
By focusing on the deficit, it is
possible to disregard the difference in
the treatment of netting. While this
difference in treatment is substantial,
it does not affect the respective deficits,
but only the levels of receipts and
expenditures—about $3% billion each
in fiscal 1970. The Commission's recommendations concerning netting did
bring the budget nearer the NIA
February 1969
other expenditures on a checks-issued
basis. Deliveries are expected to exceed
payments by $1.8 billion in 1970.
Third, although loans are excluded
from the expenditure account and the
national income account deficits, the
two differ in their definition of loans.
The new budget fully incorporates the
recommendation to separate lending
from other expenditures, thus recognizing the distinction between the fiscal
and the financial impact of the Government's budget. The national income
accounts have always recognized this
distinction and have excluded loans
from Federal expenditures. The expenditure account of the budget includes
most foreign loans and those domestic
loans whose repayment is contingent
rather than mandatory. For example,
loans for mineral exploration and student assistance are included in the
expenditure account of the budget.
The NIA excludes all loans, with the
sole exception of the CCC "nonrecourse" price-support loans, which are
recorded as Federal purchases and as
a part of farm income. Loan transactions excluded from the NIA but
included in the expenditure account
are estimated to be $1 billion in fiscal
1970.
Finally, there are a number of other
differences remaining between the
budget and the NIA, which are combined under "all other" in table 5.
These include differences in the treatment of foreign currency transactions—
the NIA records foreign currency when
spent, the budget when it is acquired in
exchange for dollars—the purchase of
land, geographical exclusions, and several other items of lesser importance.
Fixed Business Capital in the United States, 1925-68
THE accompanying tables present a selection
of updated calculations of fixed business
capital in the United States. The initial
report in this project appeared in the December 1966 SURVEY and described how the
calculations were made. Tables presenting
net and gross stocks of fixed business capital
in constant (1958) dollars appeared in the
February and December 1967 issues of the
SURVEY. This 1969 updating incorporates the
revised estimates of investment in producers'
durable equipment and nonresidential structures for 1965, 1966, and 1967 as published
in the July 1968 SURVEY as well as preliminary
estimates for 1968.
Several changes were made for the present
project. The calculations for structures based
on 85 percent of Bulletin F service lives have
been revised. Formerly, service lives for
structures of approximately 80 percent of
Bulletin F were used for both the 75 percent
and 85 percent of Bulletin F variants. The
SURVEY OF CURRENT BUSINESS
February 1969
new calculations are based on service lives that
are actually 85 percent of Bulletin F. As a
result, in the accompanying tables the figures
for structures and aggregates that include
structures have been changed for all years.
The calculations based on service lives
of 75 percent, 115 percent, and 125 percent
of Bulletin F, which were a part of the 1966
and 1967 capital stock calculations, were not
updated because of the limited interest in
these tabulations. The variants valued at
historical cost were also omitted. As in the
December 1967 updating, the tabulations for
the basic and flat service life distributions and
the sum of the years' digits depreciation were
omitted.
A new feature of the project is a set of
calculations of the age composition of gross
stocks for each year. It is shown in the
tabulations as a cumulative distribution for
ages 1 through 10 years and then at 5-year
intervals up to 35 years. Separate data on
the age composition are shown for each of
three major industry divisions and each type
of equipment and structure. The calculations
were made for the constant dollar gross
stocks variant that is based on 85 percent
of Bulletin F service lives. The use of Bulletin
F service lives for calculations by type of
equipment and structure is another new
feature. All the calculations are based on the
Winfrey retirement distribution.
85 percent of Bulletin F:
By major2 industry L
By type _ _ ... ._
.. . _
The table shows the measures included in
the 1969 updating.
The updated tabulations contain about 350
pages of computer output. We are making
arrangements to reproduce the data in bound
form. Information concerning availability of
the volume will be included in a future issue
of the SURVEY.
Gross stocks,
discards,
average age
Straight line depreciation, net stocks,
average age,
net-gross ratio
Double declining
balance depreciation,
net stocks, average
age, net-gross ratio
Age composition of
gross stocks
A
B
A
B
A
B
B
B
A
B
A
B
A
B
.
Bulletin F:
By major2 industry l ..
By type
..
21
-
A—Available in constant cost (alternates 1 and 2) and current cost (alternates 1 and 2) valuations.
B—Available in constant cost (alternates 1 and 2) valuations.
1 The tabulations by major industry include estimates for equipment, structures, and the total of equipment and structures for all industries, farm, manufacturing, and all other industries.
2 The tabulations by type include estimates for 20 types of equipment and 10 types of structures.
Table 1.—Constant Dollar Gross and Net Stocks and Mean Age of Structures and Equipment, by Broad Industry Group, 1925—68
SERVICE LIVES: BULLETIN F-15 PERCENT
WINFREY DISTRIBUTION
Gross stocks
Constant Cost 1
Year
All
industries
Nonfarm
Constant Cost 2
Manufacturing
Net stocks using double declining balance depreciation
Net stocks using straight line depreciation
All
industries
Nonfarm
Manufacturing
All
industries
Nonfarm
Manufacturing
All
industries
Nonfarm
Constant Cost 2
Constant Cost 1
Constant Cost 2
Constant Cost 1
Manufacturing
All
industries
Nonfarm
Manufacturing
All
industries
Nonfarm
Manufacturing
Gross and net stocks (billions of 1958 dollars)
1925
1926...
1927
1928
1929. . .
1930
1931
1932. .
1933
1934
392.8
404.6
414.9
424.6
436.2
442.5
441.0
433.1
424.5
417.7
361.5
372.9
382.6
391.9
402.9
409.1
408.0
401.0
393.3
387.0
88.3
90.9
93.1
95.9
99.5
100.6
99.6
96.9
95.1
93.3
357.7
368.8
378.2
387.6
398.9
405.4
404.2
397.0
389.0
382.9
326.5
337.0
346.0
354.8
365.6
372.0
371.2
364.9
357.9
352.2
75.1
77.8
80.2
83.1
86.8
88.2
87.5
85.4
83.9
82.6
210.7
217.8
223.2
228.5
235.8
238.0
232.7
222.3
211.9
203.8
194.5
201.4
206.7
211.8
218.7
221.0
216.5
207.0
197.7
190.0
46.9
48.6
49.9
51.7
54.3
54.4
52.5
49.3
47.0
45.0
192.0
198.7
203.6
208.8
216.2
218.7
214.0
204.3
194.8
187.3
175.8
182.3
187.1
192.1
199.1
201.8
197.8
189.1
180.5
173.6
40.8
42.6
44.0
45.9
48.6
48.9
47.3
44.4
42.4
40.6
168.5
174.8
179.5
184.1
190.4
191.7
186.1
175.9
166.2
158.9
155.6
161.8
166.3
170.7
176.9
178.4
173.4
164.1
155.3
148.4
37.5
39.0
40.1
41.7
44.0
43.9
41.8
38.6
36.5
34.7
153.4
159.3
163.5
168.1
174.6
176.2
171.2
161.7
152.7
146.1
140.6
146.3
150.4
154.8
161.0
162.9
158.5
149.9
141.8
135.6
32.7
34.3
35.5
37.2
39.6
39.6
37.7
34.9
32.9
31.4
1935
1936
1937. .
1938
1939
1940.
1941
1942
1943
1944
413.0
412.2
414.2
410.3
407.6
408. 1
412.2
406.3
397.5
391.9
382.5
381.5
383.1
379.4
376.6
377.0
380.4
374.6
366.2
360.3
91.7
91.2
91.6
90.2
89.2
89.4
91.0
89.7
87.5
86.1
378.9
378.7
381.3
378.4
376.4
377.8
382.6
377.5
369.6
364.8
348.4
348.0
350.2
347.4
345.4
346.7
350.7
345.8
338.3
333.2
81.4
81.2
82 1
81.1
80.6
81.2
83.2
82.3
80.6
79.6
198.1
196.6
197.7
193.5
191.0
192.0
195.9
190.1
182.4
178.9
184.5
182.6
183.3
179.1
176.6
177.5
180.8
175. 1
167.9
164.0
43.3
42.8
43.2
41.9
41.2
41.7
43.5
42.5
40.8
39.9
182.4
181.3
183.0
179.5
177.6
179.3
183.6
178.2
171.2
168.1
168 8
167.4
168.6
165.1
163.2
164.8
168.5
163.2
156.7
153.2
39.2
38.9
39.6
38.5
38.0
38.8
40.7
39.9
38.4
37.7
154.1
153.1
154.6
150.9
149. 1
150.5
154.4
148.8
142.1
139.5
143.6
142.3
143.4
139.7
137.8
139.1
142.4
137.1
130.8
127.8
33.3
33.1
33.8
32.6
32.1
32.8
34.6
33.6
32.1
31.3
141.9
141.3
143.3
140.2
138.9
140.7
144.9
139.7
133.6
131.2
131.4
130.5
132.0
128.9
127.6
129.3
132.9
127.9
122.2
119.5
30.2
30.1
30.9
30.0
29.7
30.6
32.5
31.7
30.3
29.6
1945. .
1946
1947
1948
1949.
. .
1950
1951
1952
1953
1954
393.2
405.5
423.6
443.4
459.0
476.8
495.6
512.0
529.7
546.0
361.2
372.3
388.2
405.1
417.7
432.5
448.5
462.9
478.1
492.5
87.4
93.8
100.5
106.4
109.8
112.9
118.3
123.3
128.1
133.1
366.8
379.2
397.5
417.9
434.2
452.5
471.7
488.5
506.5
523.2
334.8
346.1
362.1
379.6
392.8
408.2
424.6
439.3
454.9
469.7
81.1
87.7
94.7
101.0
104.8
108.3
113.9
119.2
124.2
129.4
181.8
194.5
211.6
228.2
239.5
251.9
264.8
275.1
286.7
296.4
166.6
178.2
193.0
207.1
215.7
225.9
236.9
246.1
256.5
265.6
41.5
48.1
54.5
59.4
61.5
63.1
66.7
69.8
72.6
75.3
171.4
183.8
200.6
217.5
229.0
241.6
254.5
264.8
276.4
286.1
156.1
167.4
182.1
196.3
205.3
215.6
226.7
235.8
246 2
255.3
39.4
45.9
52.3
57.4
59.9
61.6
65.3
68.4
71.3
74.0
143.0
155.1
170.5
184.7
193.4
203.3
213.7
221.9
231.6
239.1
130.9
142.0
155.3
167.2
173. 6
181.7
190.8
198.3
207.0
214.3
33.0
39.3
45.1
49.1
50.3
51.2
54.1
56.5
58.6
60.7
134.8
146.7
161.8
176.2
185.1
195.1
205.5
213.7
223.2
230.9
122.8
133.5
146.6
158.6
165.3
173.5
182.6
190.0
198.7
206.0
31.3
37.5
43.3
47.6
49.1
50.1
53.0
55.5
57.6
59.7
1955
1956
1957
1958
1959
1960
1961.
1962
1963
1964.
566.2
588.6
609.9
624.2
639.8
657.6
673.8
692.8
712.9
737.8
511.0
532.3
552.7
565.8
580.5
598.2
614.2
632.9
652.3
676.6
138.0
144.6
151.2
154.7
156.7
159.7
162.5
165.3
168.4
173.0
544.0
566.9
588.9
604.1
620.9
640.2
658.1
678.6
700.4
727.1
488.8
510.6
531.7
545.7
561.7
580.8
598.5
618.8
639.8
665.9
134.4
141.3
148.0
151.7
154.1
157.3
160.4
163.4
166.7
171.5
309.1
323. 7
337.0
343.7
352.2
362.7
370.6
381.5
393.3
409.4
277.8
292.4
305.7
312.1
320.5
331.3
339.2
350.0
361.3
376.8
77.7
81.9
85.8
86.7
86.4
87.2
87.5
88.2
89.4
92.0
299.1
313.9
327.6
334.9
344 4
356.0
365.2
377.4
390 5
408.0
267 8
282.6
296.3
303.3
312 6
324 6
333.8
345.9
358 4
375 4
76.4
80.6
84.6
85.6
85 5
86.4
86.9
87.7
89 0
91.7
249.6
261.8
272.8
277.4
283 9
292 3
298.1
307.0
316 5
329 9
224.4
236.8
247.8
252.2
258.6
267.3
273.1
282.0
291.0
303.9
62.5
66.0
69.3
69.5
68.8
69.3
69.3
69.7
70.7
73.0
241.6
254.0
265.3
270.5
277.9
287.3
294.3
304.4
315.1
329.7
216.5
229.0
240.4
245.3
252.6
262.3
269.4
279.4
289.5
303.7
61.5
65.0
68.3
68.7
68.1
68.7
68.8
69.4
70.5
72.9
1965
1966
1967
1968
770.5
809.0
846.1
883.7
708.1
745. 1
780.7
816.9
180.2
190.0
198.6
207.0
761.9
802.7
842.0
881.9
699 6
738.8
776.6
815.0
179.1
189.1
197.9
206.5
431.8
458.9
483.0
506.4
398 3
424.1
447.2
469.7
96.9
104.0
109.7
114.9
432 0
461.0
486.7
511.9
398 5
426 2
450.9
475.2
96 9
104.2
109.9
115.3
349 0
372 0
391 5
410.0
322.2
344.2
362.8
380.6
77.5
83.8
88.4
92.5
350.2
374,9
395. 7
415.6
323.5
347.0
367.0
386.3
77.5
84.0
88.7
92.9
.
See footnote at end of table.
22
SUEVEY OF CUKRENT BUSINESS
February 1969
Table 1.—Constant Dollar Gross and Net Stocks and Mean Age of Structures and Equipment, by Broad Industry Group, 1925-58—Con.
Net stocks using straight line depreciation
Gross stocks
All
industries
Nonfarm
Constant Cost 1
Constant Cost 2
Constant Cost 1
Year
Manufacturing
All
industries
Nonfarm
All
industries
Manufacturing
Nonfarm
Net stocks using double declining balance depreciation
Constant Cost 2
Manufacturing
All
industries
Nonfarm
Constant Cost 1
facManuturing
All
industries
Nonfarm
Constant Cost 2
All
industries
Manufacturing
Nonfarm
Manufacturing
Mean age of gross stocks (years)
14.7
14.7
14.6
14.6
14.5
14.6
14.9
15.5
16.0
16.4
14.7
14.6
14.6
14.5
14.5
14.6
14.9
15.4
15.9
16.4
11.5
11.4
11.4
11.3
11.1
11.2
11.6
12.1
12.4
12.8
14.7
14.6
14.6
14.5
14.4
14.5
14.8
15.3
15.9
16.3
14.6
14.5
14.5
14.5
14.4
14.4
14.8
15.3
15.8
16.3
10.8
10.7
10.7
10.6
10.4
10.5
10.9
11.4
11.8
12.2
10.4
10.2
10.1
10.0
9.9
9.9
10.3
10.8
11.4
11.8
10.4
10.2
10.1
10.0
9.9
9.9
10.2
10.8
11.4
11.8
7.9
7.8
7.7
7.6
7.3
7.5
7.9
8.5
8.9
9.2
10.4
10.2
10.1
10.0
9.8
9.8
10.2
10.7
11.3
11.7
10.4
10.2
10.1
10.0
9.8
9.8
10.1
10.7
11.3
11.7
7.4
7.3
7.2
7.1
6.9
7.1
7.5
8.1
8.5
8.9
9.8
9.5
9.4
9.3
9.1
9.2
9.6
10.2
10.8
11.3
9.7
9.5
9.4
9.3
9.1
9.2
9.6
10.2
10.8
11.3
7.3
7.2
7.1
70
6.7
6.9
74
8.0
8.5
88
9.7
9.5
9.4
93
9.1
9.1
95
10.1
10.8
11 2
9.7
95
94
92
90
91
95
10 1
10.7
11 2
69
67
67
65
63
65
7o
77
81
85
1935
1936
1937
1938
1939
1940
1941
1942.
1943
1944
. . 16.7
16.8
16.8
17.1
17.2
17.2
17.0
17.2
17.5
17.7
16.7
16.9
16.9
17.1
17.3
17.3
17.1
17.3
17.7
17.9
13.1
13.2
13.1
13.3
13.4
13.3
13.1
13.2
13.4
13.5
16.6
16.7
16.7
16.9
17.0
16.9
16.7
17.0
17.3
17.4
16.6
16.7
16.7
16.9
17.1
17.0
16.8
17.1
17.4
17.6
12.5
12.6
12.5
12.7
12.9
12.8
12.5
12.6
12.8
12.9
12.1
12.1
11.9
12.1
12.1
11.9
11.6
11.8
12.1
12.2
12.1
12.1
12.0
12.2
12.2
12.0
11.7
12.0
12.3
12.4
9.5
9.5
9.3
9.4
9.4
9.1
8.7
8.8
9.0
9.0
12.0
12.0
11.8
11.9
11.9
11.7
11.3
11.6
11.9
12.0
12.0
12.0
11.8
12.0
12.0
11.8
11.5
11.7
12.1
12.2
9.2
9.2
8.9
9.1
9.1
8.8
8.3
8.4
8.7
8.7
11.5
11.5
11.3
11.5
11.5
11.2
10.8
11.1
11.5
11.5
11.5
11.6
11.4
11.6
11.6
11.3
11.0
11.3
11.7
11.7
9.1
9.0
8.7
8.9
8.8
8.5
8.0
8.1
8.4
8.5
11.4
11.4
11.1
11.3
11.3
11.0
10.6
10.9
11.3
11.3
11.4
11.4
11 2
11.4
11.4
11 1
10.7
11.0
11 4
11.5
87
8
7
o q
1945
1946
1947
1948
1949
1950
1951
1952
1953.
1954
17.5
16.9
16.1
15.4
14.8
14.3
13.9
13.5
13.2
12.9
17.7
17.1
16.3
15.6
15.2
14.7
14.2
13.8
13.5
13.2
13.2
12.2
11.3
10.8
10.6
10.4
10.1
9.8
9.7
9.6
17.2
16.6
15.8
15.0
14.5
14.0
13.5
13.2
12.8
12.6
17.4
16.8
16.0
15.3
14.8
14.3
13.8
13.5
13.1
12.9
12.6
11.7
10.9
10.3
10.1
10.0
9.7
9.5
9.3
9.3
11.8
10.9
10.0
9.3
8.9
8.6
8.3
8.1
7.9
7.8
12.0
11.1
10.2
9.6
9.2
8.9
8.6
8.4
8.1
8.0
8.6
7.4
6.6
6.3
6.2
6.3
6.2
6.1
6.1
6.1
11.6
10.7
9.8
9.1
8.7
8.4
8.1
7.9
7.7
7.7
11.8
10.9
10.0
9.3
9.0
8.6
8.3
8.2
8.0
7.8
8.3
7.1
6.4
6.0
6.0
6.1
6.0
6.0
6.0
6.0
11.1
10.1
9.2
8.5
8.2
7.9
7.6
7.5
7.3
7.2
11.3
10.3
9.4
8.8
8.5
8.2
7.9
7.7
7.5
7.4
7.9
6.7
5.9
5.6
5.7
5.8
5.7
5.7
5.7
5.7
10.8
9.9
9.0
8.3
8.0
7.7
7.4
7.3
7.1
7.1
11 1
10.1
9.2
85
8.3
8.0
77
7.5
7.3
72
76
64
5.7
54
55
5.6
55
55
5.5
56
1955
1956
1957.
1958
1959
1960
1961
1962
1963 .
1964....
12.6
12.3
12.0
11.9
11.8
11.7
12.9
12.5
12.2
12.1
12.0
11.8
9.5
9.3
9.2
9.2
9.4
9.4
12.3
12.0
11.7
11.6
11.5
11.4
12.5
12.2
11.9
11.8
11.6
11.5
9.2
9.1
9.0
9.0
9.2
9.3
7.7
7.5
7.4
7.4
7.4
7.4
7.8
7.6
7.4
7.5
7.5
7.4
6.2
6.1
6.0
6.2
6.4
6.5
7.5
7.3
7.2
7.3
7.2
7.2
7.6
7.4
7.3
7.3
7.3
7.2
6.1
6.0
6.0
6.1
6.3
6.5
7.1
6.9
6.8
6.9
6.9
6.9
5.7
5.6
5.6
5.8
6.0
6.1
11.5
11.3
11.2
11.5
11.4
11.2
9.6
9.7
9.6
11.1
11.0
10.8
11.2
11.1
10.9
9.5
9.5
9.5
7.4
7.4
7.3
7.4
7.4
7.2
6.8
6.8
6.7
7.2
7.2
7.1
7.2
7.1
7.0
6.7
6.7
6.6
6.9
6.8
6.7
7.2
7.0
6.9
6.9
6.9
6.9
6.9
6.9
6.8
6.7
6.3
6.3
6.2
6.9
6.8
6.7
6.7
6.7
6.7
6.7
6.7
6.7
6.6
7.0
6.8
6.7
,6.8
6.7
6.7
6.7
6.7
6.6
6.5
5.6
55
5.5
5.7
59
6.0
6. 2
6.2
6.3
6.2
1965
1966
1967
1968.
10.9
10.6
10.4
10.2
10.9
10.6
10.4
10.2
9.5
9.3
9.1
9.0
10.6
10.3
10.1
9.9
10.6
10.3
10.1
9.9
9.4
9.1
9.0
8.9
7.1
6.9
6.8
6.7
7.1
6.9
6.8
6.7
6.5
6.2
6.1
6.0
6.9
6.7
6.6
6.5
6.8
6.7
6.6
6.5
6.4
6.1
6.0
5.9
6.6
6.4
6.3
6.2
6.6
6.3
6.3
6.2
6.0
5.7
5.6
5.5
6.4
6.2
6.1
6.1
6.3
6.2
6.1
6.0
5.9
5.6
5.5
5.5
.
1925.
1926
1927
1928
1929
1930
1931
1932
1933
1934
85
8.5
82
76
7.8
81
81
NOTE.—Capital stock estimates for farm may be obtained by subtracting nonfarm from the all industries column. Nonmanufacturing (excluding farm) may be obtained by subtracting the estimates for manufacturing from the nonfarm column.
Source: U.S. Department of Commerce, Office of Business Economics.
Table 2.—Constant Dollar Gross and Net Stocks and Mean Age of Structures, by Broad Industry Group, 1925-68
SERVICE LIVES: BULLETIN F-15 PERCENT
WINFREY DISTRIBUTION
Constant cost 2
Constant cost 1
Industry
Year
All
industries i
CommerNon- Manu- Indus- cial
Farm farm factur- trial
and
ing
miscellaneous
Selected types of structures
Industry
Selected types of structures
InstituRailAll
tional Social road,
indusTeleexcl.
and
local phone Other tries i
social recrea- transit, and
public
and
and
tional
tele- utilities
recreapipe- graph
tional
line
Nonfarm
Com
mercial
Manu- Indusfactur- trial
and
misceling
laneous
RailInstituTeletional Social road,
local phone Other
excl.
and
public
social recrea- transit, and
tele- utilities
and
and
tional
pipe- graph
recrealine
tional
Gross stocks (billions of 1958 dollars)
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
266.8
274.3
282.0
289.2
297.0
302.5
303.6
301.2
297. 5
294.1
19.8
19.6
19.6
19.5
19.4
19.1
18.7
18.2
17.8
17.4
247.0
254.6
262.4
269.7
277.6
283.5
284.9
283.0
279.8
276.7
See footnote at end of table.
58.1
59.7
61.2
63.2*
65.8
66.6
65.9
64.4
63.5
62.6
37.3
38.4
39.5
40.8
42.7
43.4
43.1
42.2
41.7
41.1
51.9
54.5
57.1
59.6
62.1
63.8
64.4
64.1
63.6
63.1
11.5
12.6
13.8
14.9
15.9
17.1
18.0
18.5
18.5
18.6
7.9
8.6
9.2
9.7
10.1
10.4
10.7
10.7
10.7
10.6
87.7
87.7
87.8
87.7
87.9
87.9
87.4
86.4
84.9
83.6
3.9
4.2
4.4
4.7
5.2
5.8
6.0
6.1
6.0
5.9
23.3
24.9
26.6
28.0
29.3
30.7
31.4
31.5
31.3
31.2
231.7
238.5
245.4
252.1
259.8
265.4
266.8
265.1
262.1
259.3
211.9
218.8
225.8
232.6
240.4
246.3
248.1
246.9
244.3
241.9
45.0
46.6
48.2
50.3
53.1
54.2
53.9
52.8
52.3
51.8
32.0
33.1
34.1
35.5
37.3
37.9
37.7
37.0
36.6
36.2
41.5
44.0
46.5
49.0
51.7
53.8
54.6
54.7
54.3
54.0
9.3
10.3
11.3
12.2
13.2
14.3
15.1
15.5
15.6
15.6
6.4
6.9
7.5
8.0
8.3
8.6
8.9
9.0
8.9
8.9
87.0
87.0
87.1
87.0
87.1
87.1
86.6
85.6
84.1
82.8
3.9
4.2
4.4
4.7
5.2
5.8
6.0
6.1
6.0
5.9
15.0
16.1
17.2
18.1
19.0
20.1
20.6
20.8
20.7
20.7
February 1969
SURVEY OF CUERENT BUSINESS
23
Table 2.—Constant Dollar Gross and Net Stocks and Mean Age of Structures, by Broad Industry Group 1925-68—Continued
Constant cost 1
All
industries *
NonFarm farm
Industry
Selected types of structures
Industry
Year
Constant cost 2
CommerManu- Indus- cial
factur- trial
and
misceling
laneous
All
RailInstituindustional Social road,
Teleand
excl.
local phone Other tries *
public
social recrea- transit, and
tional
and
and
tele- utilities
pipe- graph
recreational
line
Nonfarm
Selected types of structures
Com
mercial
Manu- Indusfactur- trial
and
misceling
laneous
RailInstitutional Social road,
Teleexcl.
and
local phone Other
social recrea- transit, and
public
and
tional
and
tele- utilities
recreapipe- graph
tional
line
Gross stocks (billions of 1958 dollars)—Continued
290.6
1935_
1936.. .. 288.3
1937
287.7
1938
285.3
1939.
283.0
1940
281.5
1941
281.0
1942.
276.8
1943
270.9
1944
265.7
17.0
16.8
16.5
16.3
16.0
15.7
15.5
15.2
15.0 '
14.8
273.6
271.6
271.2
269.0
267.0
265.8
265.5
261.6
255.9
250.9
61.4
60.6
60.6
59.6
58.7
58.4
59.1
57.8
55.8
54.0
40.4
39.9
40.1
39.5
38.8
38.7
39.4
38.7
37.4
36.3
62.7
62.5
62.5
62.1
61.7
61.4
61.2
60.1
58.6
57.1
18.7
19.0
19.2
19.5
19.8
20.1
20.5
20.5
20.4
20.3
10.6
10.6
10.6
10.7
10.8
10.8
10.8
10.6
10.4
10.1
82.1
80.8
79.7
78.1
76.7
75.3
73.9
72.3
70.8
69.4
5.9
5.9
5.9
5.9
5.9
6.0
6.1
6.1
5.9
5.8
31.0
31.0
31.2
31.5
31.8
32.2
32.5
32.5
32.1
31.9
256.6
254.8
254.9
253.3
251.9
251.2
251.4
248.0
243.0
238.6
239.5
238.1
238.3
237.1
235.9
235.5
235.9
232.8
228.0
223.8
51.0
50.7
51.1
50.5
50.1
50.2
51.3
50.4
48.9
47.5
35.6
35.3
35.6
35.2
34.7
34.7
35.6
35.0
34.0
33.1
53.8
53.7
53.8
53.7
53.5
53.4
53.4
52.5
51.4
50.2
15.7
15.9
16.1
16.4
16.6
16.9
17.2
17.3
17.2
17.1
8.8
8.8
8.9
9.0
9.1
9.1
9.1
9.0
8.7
8.6
81.4
80.1
78.9
77.4
76.0
74.6
73.1
71.6
70.0
68.5
5.9
5.9
5.9
5.9
5.9
6.0
6.1
6.1
5.9
5.8
20.6
20.8
21.1
21.5
22.0
22.6
23.0
23.2
23.0
22.9
262.4
1945
1946
265.7
1947... . 268.0
1948
271.0
1949
273.5
1950..
276.8
281.4
1951
1952
285.5
1953
290.9
1954
296.8
14.5
15.1
15.6
16.1
16.5
16.9
17.2
17.6
17.9
18.3
247.9
250.6
252.4
254.9
257.0
260.0
264.1
267.9
273.0
278.6
53.6
56.7
58.2
59.1
59.1
58.9
59.6
60.2
60.8
61.6
36.3
38.8
40.2
40.7
40.5
40.4
41.3
42.4
43.4
44.3
56.0
56.9
56.7
57.0
56.9
57.1
57.5
57.2
57.7
58.8
20.4
20.8
21.2
21.9
22.8
24.0
25.2
26.3
27.5
28.9
9.9
9.8
9.7
9.7
9.7
9.7
9.5
9.3
9.1
9.0
67.9
66.2
65.0
63.5
62.1
60.7
59.2
58.0
56.8
55.4
5.6
5.8
6.1
6.6
7.0
7.2
7.4
7.7
8.1
8.5
31.8
32.2
33.3
34.7
36.7
38.7
40.7
42.5
44.7
46.5
236.0
239.4
241.9
245.4
248.6
252.5
257.5
261.9
267.7
274.0
221.4
224.3
226.3
229.4
232.1
235.7
240.2
244.3
249.7
255.7
47.4
50.6
52.3
53.7
54.2
54.3
55.3
56.2
57.0
57.9
33.2
35.8
37.2
38.0
38.1
38.1
39.2
40.4
41.5
42.5
49.3
50.1
50.1
50.8
51.1
51.6
52.1
52.0
52.6
53.8
17.2
17.5
18.0
18.7
19.7
20.9
22.1
23.2
24.3
25.7
8.4
8.3
8.2
8.2
8.3
8.4
8.3
8.1
8.0
7.8
67.0
65.4
64.0
62.6
61.1
59.7
58.3
57.0
55.8
54.4
5.6
5.8
6.1
6.6
7.0
7.2
7.4
7.7
8.1
8.5
22.9
23.3
24.1
25.2
26.9
28.9
31.0
32.7
34.9
36.8
303.8
313.0
322. 1
329.6
336.6
344.9
353.2
362.3
371.0
380.7
18.5
18.9
19.2
19.5
19.7
20.0
20.2
20.5
20.7
21.0
285.3
294.1
302.9
310.1
316.9
324.9
333.0
341.8
350.3
359.7
62.5
64.0
65.7
67.0
67.3
67.9
68.6
69.4
70.3
71.3
45.8
47.7
49.9
50.9
51.5
52.9
54.3
55.9
57.4
59.3
60.4
62.8
64.7
66.6
68.6
70.9
73.6
76.4
79.2
82.2
30.2
31.7
33.4
35.1
36.6
38.3
40.1
42.0
43.9
46.0
8.9
8.9
8.9
8.9
9.1
9.5
9.7
10.1
10.4
10.7
54.0
52.6
51.3
49.8
48.2
46.8
45.3
44.0
42.8
41.5
9.1
9.9
10.7
11.4
12.0
12.8
13.4
14.0
14.7
15.6
48.1
50.1
52.2
54.4
56.3
58.2
60.0
61.7
63.3
65.2
281.6
291.3
301.1
309.5
317.7
327.5
337.5
348.1
358.5
370.1
263.1
272.4
281.9
290.0
298.0
307.5
317.3
327.7
337.8
349.0
59.0
60.6
62.6
64.0
64.6
65.5
66.5
67.5
68.6
69.8
44.0
46.0
48.2
49.4
50.2
51.7
53.3
55.0
56.7
58.7
55.7
27.2
7.7
53.0
1957 .
1958
1959
1960
1961
1962
1963
1964
60.1
62.2
64.6
67.3
70.6
74.1
77.5
81.3
30.3
32.0
33.7
35.6
37.7
39.8
42.0
44.5
7.7
7.9
8.1
8.5
8.9
9.4
9.8
10.1
50.3
48.8
47.4
46.0
44.5
43.3
42.1
40.8
9.1
9.9
10.7
11.4
12.0
12.8
13.4
14.0
14.7
15.6
38.6
40.9
43.3
45.9
48.2
50.5
52.7
54.7
56.7
58.9
1965
1966
1967
1968
393.8
408.3
421.3
433.8
21.3
21.5
21.8
22.1
372.5
386.8
399.5
411.7
73.1
75.7
77.9
79.7
62.5
66.9
70.5
73.3
86.4
90.5
94.5
99.1
48.3
50.6
52.7
54.7
11.1
11.5
11.9
12.3
40.2
39.1
38.0
37.1
16.5
17.4
18.2
18.9
67.6
70.5
73.3
76.0
385.2
402.0
417.1
432.0
364.0
380.5
395.3
409.8
71.9
74.8
77.3
79.2
62.2
66.8
70.7
73.6
86.4
91.4
96.3
101.8
47.1
49.9
52.4
54.9
10.6
11.2
11.7
12.2
39.6
38.6
37.5
36.6
16.5
17.4
18.2
18.9
61.7
65.0
68.2
71.4
1955
Net stocks using straight line depreciation (billions of 1958 dollars)
1925
1926
1927
1928
1929
1930
1931 .
1932
1933
1934
144.0
148.7
153.6
157.9
162.9
165.6
163.8
159.1
153.3
148.0
9.8
9.6
9.6
9.5
9.3
9.0
8.7
8.3
7.9
7.5
134.2
139.1
144.0
148.4
153.6
156.5
155.2
150.8
145.4
140.4
30.8
31.9
32.9
34.3
36.3
36.5
35.3
33.4
32.1
30.9
20.4
21.1
21.7
22.6
24.0
24.3
23.5
22.2
21.4
20.5
31.5
33.4
35.2
36.8
37.7
37.5
36.5
35.3
34.1
8.8
9.7
10.6
11.4
12.2
12.8
13.0
12.8
12.6
5.2
5.7
6.1
6.3
6.5
6.6
6.5
6.3
6.1
42.6
42.2
41.7
41.6
41.3
40.6
39.3
37.8
36.5
2.2
2.4
2.6
2.9
3.3
3.7
3.8
3.7
3.5
3.3
14.6
15.7
16.8
17.6
18.3
19.1
19.2
18.8
18.0
17.3
125.2
129.6
134.0
138.2
143.3
146.3
145.1
141.1
136.1
131.5
115.5
120.0
124.4
128.7
134.0
137.3
136.5
132.9
128.2
124.0
24.7
25.9
27.0
28.5
30.6
31.0
30.1
28.5
27.5
26.5
17.8
18.5
19.1
20vO
21.3
21.6
20.9
19.7
19.0
18.3
24.3
26.1
28.0
29.9
31.8
33.1
33.2
32.5
31.4
30.4
6.5
7.2
8.0
8.8
9.6
10.4
10.9
11.1
10.9
10.7
3.8
4.3
4.7
5.1
5.3
5.5
5.6
5.6
5.4
5.2
42.8
42.2
41.8
41.3
41.1
40.8
40.1
38.9
37.4
36.1
2.2
2.4
2.6
29
3! 3
3.7
3.8
3.7
3.5
3.3
9.4
10.1
10.8
11.4
11.9
12.6
12.8
12.6
12.1
11.7
1935
1936 .
1937
1938
1939
1940
1941 .
1942 .
1943
1944 .
143.1
139.8
138.2
135.1
132.4
130.6
130.2
126.3
120.8
116.5
7.3
7.1
7.0
6.8
6.7
6.5
6.4
6.3
6.2
6.1
135. 9
132.7
131.2
128.3
125.8
124.2
123.8
120.0
114.7
110.4
29.5
28.7
28.6
27.5
26.7
26.6
27.3
26.3
24.6
23.2
19.6
19.0
19.0
18.3
17.7
17.5
18.3
17.7
16.6
15.8
33.2
32.4
31.9
31.1
30.3
29.7
29.2
27.9
26.3
24.8
12.4
12.4
12.4
12.4
12.3
12.3
12.4
12.2
11.8
11.5
5.9
5.8
5.7
5.7
5.7
5.6
5.5
5.2
4.9
4.6
35.2
34.2
33.3
32.1
31.0
30.1
29.2
28.3
27.4
26.7
3.1
3.0
2.9
2.8
2.8
2.8
2.8
2.9
2.7
2.5
16.7
16.4
16.2
16.1
16.1
16.2
16.3
16.0
15.5
15.1
127.4
124.6
123.5
121.1
119.1
117.9
117.8
114.4
109.6
105.7
120.1
117.5
116.5
114.3
112.4
111.4
111.4
108.2
103.4
99.6
25.4
24.8
24.9
24.1
23.5
23.6
24.5
23.7
22.3
21.0
17.5
17.0
17.1
16.5
16.0
16.0
16.9
16.3
15.4
14.6
29.5
28.9
28.5
27.8
27.2
26.6
26.2
25.1
23.6
22.3
10.6
10.5
10.5
10.5
10.5
10.5
10.6
10.4
10.1
9.8
5.0
.9
.9
.9
.9
.8
4.7
4.5
4.2
4.0
34.8
33.8
32.9
31.7
30.7
29.7
28.9
27.9
27.0
26.2
3.1
3.0
2.9
2.8
2.8
2.8
2.8
2.9
2.7
2.5
11.3
11.2
11.2
11.4
11.6
12.0
12.2
12.1
11.7
11.5
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
114.2
118.7
122.2
126.2
129.7
133.9
139.2
144.0
149.7
155.5
6.0
6.7
7.4
8.0
8.5
9.0
9.4
9.8
10.2
10.5
108.2
111.9
114.8
118.3
121.3
124.9
129.8
134.2
139.5
144.9
23.2
26.7
28.6
29.8
30.1
30.1
31.1
31.9
32.7
33.4
16.0
18.8
20.3
20.9
20.9
20.9
22.0
23.2
24.1
24.9
23.8
24.8
24.7
25.2
25.3
25.7
26.3
26.4
27.3
28.5
11.3
11.5
11.7
12.1
12.7
13.6
14.7
15.5
16.3
17.4
4.4
4.4
4.2
4.2
4.3
4.3
4.3
4.1
4.0
4.0
25.9
25.1
24.7
24.1
23.5
22.9
22.4
22.0
21.7
21.2
2.5
2.7
3.1,
3.7
4.0
4.2
4.4
4.7
4.9
5.2
15.0
15.3
16.3
17.7
19.5
21.4
23.3
24.8
26.7
28.1
103.7
108.0
111.2
115.5
119.3
123.6
128.9
133.6
139.3
145.2
97.7
101.2
103.8
107.5
110.8
114.6
119.5
123.8
129.2
134.7
21.1
24.5
26.4
27.8
28.5
28.6
29.7
30.6
31.4
32.1
14.9
17.7
19.2
20.0
20.2
20.3
21.4
22.6
23.6
24.3
21.4
22.1
22.2
22.9
23.3
23.8
24.4
24.5
25.3
26.7
9.6
9.7
10.0
10.5
11.3
12.2
13.2
14.0
14.8
16.0
3.7
3.7
3.6
3.7
3.8
3.8
3.8
3.7
3.6
3.5
25.4
24.6
24.2
23.6
23.0
22.4
21.8
21.4
21.1
20.6
2.5
2.7
3.1
3.7
4.0
4.2
4.4
4.7
4.9
5.2
11.4
11.6
12.3
13.3
14.8
16.6
18.4
19.9
21.7
- 23.2
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
162.0
170.4
178.2
184.0
189.1
195.2
200.9
206.7
212.3
218.6
10.8
11.1
11.3
11.6
11.7
11.9
12.0
12.1
12.2
12.4
151.2
159.3
166.9
172.5
177.4
183.3
188.9
194.6
200.0
206.2
34.2
35.6
37.1
37.9
37.8
38.1
38.2
38.2
38.5
38.8
26.2
27.9
29.7
30.2
30.3
31.2
31.9
32.6
33.3
34.4
30.4
33.0
35.0
37.0
39.0
41.2
43.6
46.1
48.5
51.0
18.4
19.6
20.8
22.1
23.3
24.6
25.9
27.3
28.8
30.3
4.0
4.1
4.1
4.3
4.6
4.9
5.2
5.6
5.9
6.1
20.5
20.0
19.4
18.8
18.0
17.4
16.7
16.1
15.7
15.2
5.6
6.2
6.7
7.1
7.4
7.8
8.0
8.3
8.6
9.0
29.4
30.8
32.4
34.0
35.2
36.2
37.2
37.9
38.6
39.4
152.0
160.6
168.8
175.2
181.3
188.5
195.5
202.6
209.4
217.2
141.2
149.5
157.5
163.7
169.5
176.6
183.5
190.5
197.2
204.8
32.9
34.3
35.9
36.8
36.9
37.3
37.6
37.7
38.1
38.6
25.6
27.2
29.0
29.6
29.8
30.8
31.6
32.4
33.2
34.4
28.6
31.1
33.2
35.2
37.5
40.0
43.0
46.0
48.9
52.0
17.0
18.2
19.5
20.8
22.1
23.6
25.2
26.8
28.5
30.3
3.5
3.6
3.7
3.9
4.2
4.6
5.0
5.4
5.8
6.1
20.0
19.5
19.0
18.3
17.7
17.1
16.4
15.9
15.5
15.0
5.6
6.2
6.7
7.1
7.4
7.8
8.0
8.3
8.6
9.0
24.5
26.2
28.1
29.9
31.4
32.8
34.0
35.0
36.0
37.1
1965
1966
1967
1968
227.8
238.1
246.7
254.5
12.4
12.5
12.5
12.6
215.4
225.7
234.1
241.9
39.8
41.5
42.9
43.7
36.6
39.9
42.3
43.9
54.5
57.7
60.8
64.3
32.0
33.7
35.2
36.6
6.5
6.8
7.1
7.3
14.7
14.3
14.0
13.7
9.6
10.1
10.5
10.8
40.6
42.3
43.8
45.2
228.0
240.2
250.3
260.0
215.6
227.7
237.8
247.4
39.7
41.6
43.1
44.1
36.8
40.3
42.8
44.5
56.3
6.02
63.9
68.1
32.4
34.5
36.3
38.0
6.5
6.9
7.3
7.6
14.5
14.2
13.9
13.6
9.6
10.1
10.5
10.8
38.6
40.6
42.4
44.1
See Footnotes at end of table.
24
SURVEY OF CURRENT BUSINESS
February 1969
Table 2.—Constant Dollar Gross and Net Stocks and Mean Age of Structures, by Broad Industry Group, 1925-68—Continued
Constant cost 1
Industry
Year
All
industries i
Farm
Constant cost 2
Industry
Selected types of structures
Commercial
Non- Manu- Indusand
farm factur- trial
misceling
laneous
RailAll
Instituindustional Social road,
Telelocal phone Other tries i
and
excl.
public
social recrea- transit, and
and
and
tional
tele- utilities
recreapipe- graph
tional
line
Nonfarm
Selected types of structures
Com
merManu- Induscial
factur- trial
and
ing
miscellaneous
InstituRailtional Social road, Teleexcl.
and
local phone Other
social recrea- transit, and
public
and
tional
and
tele- utilities
recreapipe- graph
tional
line
Net stocks using double declining balance depreciation (billions of 1958 dollars)
6.8
7.6
8.4
9.2
9.9
12.2
13.2
14.1
14.7
15.2
15.9
15.8
15.3
14.4
13.7
100.9
104.9
108.9
112.7
117.2
119.6
117.9
4.9
1.8
2.0
2.2
2.4
2.8
3.1
3.1
3.0
2.8
2.6
4.7
4.6
4.5
4.5
4.5
4.4
4.3
4.1
3.8
3.6
27.3
26.4
25.8
24.8
23.9
23.2
22.5
21.9
21.2
20.6
2.4
2.3
2.2
2.2
2.1
2.1
2.2
2.3
2.1
2.0
3.4
3.4
3.2
3.3
3.4
3.4
3.3
3.2
3.2
20.0
19.4
19.2
18.8
18.3
17.9
17.4
17.2
17.0
16.6
15.6
16.7
17.8
18.9
19.9
21.0
22.2
23.4
24.6
25.9
3.2
3.3
3.3
3.5
3.8
4.1
4.4
4.7
4.9
5.1
27.4
28.8
30.0
31.1
5.4
5.7
5.9
6.1
116.0
120.4
124.8
128.7
133.1
135.1
132.8
127.7
121.9
116.7
7.8
7.7
7.6
7.5
7.4
7.1
6.8
6.4
6.1
5.8
108.2
112.8
117.2
121.1
125.6
127.9
126.0
121.3
115 8
110.9
24.7
25.8
26.6
27.9
29.8
29.8
28.5
26.4
25 2
24.1
16.4
17.1
17.6
18.4
19.7
19.8
18.9
17.6
16.8
16.0
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
112.2
109.3
108.2
105.6
103.5
102.2
102.2
98.3
94.0
90.4
5.6
5.5
5.4
5.3
5.2
5.1
5.0
4.9
4.8
106.6
103.9
102.8
100.4
98.3
97.2
97.3
93.9
89.1
85.5
22.8
22.2
22 2
21.3
20.7
20.7
21.7
20 7
19.2
18.0
26.2
15.1
14.7
25.5
14.8
25.1
14.2
24.3
23.6
13.7
23.1
13.7
14.5 . 22.8
21 6
14.0
20.2
13.0
12.3
18.9
88.8
1945
93.8
1946
97.5
1947 1948
101.7
105.0
1949
1950 .. - 108.9
113.8
1951
118.0
1952
123.1
1953
1954
128.0
4.8
5.5
6.1
6.7
7.2
7.6
8.0
8.3
8.6
8.9
84.0
88.3
91.4
95.0
97.9
101.3
105.9
109.7
114.4
119.1
18.1
21.7
23.6
24.6
24.8
24.7
25.5
26.2
26.8
27.2
12.6
15.4
16.8
17.4
17.2
17.2
18.1
19.1
19.9
20.5
18.1
19.3
19.3
19.9
20.1
20.6
21.3
21.4
22.2
23.4
10.3
11.2
12.2
12.9
13.7
14.7
1955.
1956
1957
1958
1959
1960
1961
1962
1963
1964
133.6
140.9
147.5
152.1
156.0
160.8
165.3
170.0
174.3
179.5
9.1
9.3
9.5
9.6
9.7
9.8
9.9
9.9
27.9
29.1
30.4
30 9
10.0
10.0
124.5
131.7
138.1
142 5
146.3
151.0
155.4
160.1
164.4
169.5
30. 7
30.7
30 7
30.7
30.8
31.1
21.6
23.1
24.6
24.9
24.8
25.4
25.9
26.5
27.0
27.9
25.2
27.7
29.5
31.2
32.9
34.8
36.9
39.0
40.9
43.0
1965
1966 1967
1968
187.5
196.5
203.6
210.0
10.0
10.1
10.1
10.1
177 4
186.4
193.5
199 8
32 0
33.5
34.8
35 5
29.9
32.9
35.1
36.2
46.1
48.8
51.2
54.2
49
24.3
26.0
27.7
29.3
30.7
31.3
30.9
29.7
28.4
27.2
3.9
4.4
4.8
5.2
5.3
5.4
5.5
5.4
33.7
33.3
33.0
32.7
32.7
32.5
32.0
30.9
29.5
28.4
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
10.7
11.1
11.2
10.9
10.6
10.3
10.2
10.1
10.1
10.0
10.0
10.0
98
9.4
9.1
8.9
9.1
9.3
9.7
5. 1
34
20.0
21.1
22.0
23.3
25.3
25.5
24.4
22.7
21.7
20.7
14.3
13.0
15.5
16.3
17.5
17.6
16.8
15.7
14.9
14.3
20.0
21.7
23.4
25.0
26.7
27.8
27.6
26.6
25 4
24.3
5.6
6.3
7.0
7.7
8.4
9.1
9.5
9.6
9.3
9.0
3.2
3.6
4.0
4.3
4.5
4.6
4.7
4.6
4.4
4.2
33.4
33.0
32.7
32.4
32.3
32.2
31.6
30.5
29.2
28.1
1.8
2.0
2.2
113. 5
108.4
103.9
93.1
97.3
101.3
105.2
109.8
112.4
111.1
107.1
102.3
98.1
13.1
12.8
12.6
12.6
12.7
12.8
12.9
12 7
12.2
11.9
100.0
97.5
96.8
94.9
93.2
92.4
92.7
89. 7
85.4
82.1
94.4
92.0
91.4
89.6
88.0
87.4
87.8
84.8
80.5
77.3
19.7
19.2
19.4
18.7
18.3
18.5
19.5
13.5
13.1
13.4
12.8
12.4
12.5
13.4
13 0
12.1
11.4
23.4
22.8
22.4
21.8
21.2
20.8
20.5
19.4
18.1
17.0
8.8
8.6
8.6
8.6
8.5
8.5
8.5
8.3
8.0
7.7
4.0
3.9
3.8
3.8
3.9
3.8
3.7
3.5
3.2
3.0
27.0
26.1
25.5
24.5
23.7
22.9
22.3
21.5
20.8
20.2
24
2.2
2.1
2.1
2.2
2.3
2.1
2.0
8.9
8.8
8.8
9.0
9.3
9.6
9.8
9.7
9.3
9.1
1.9
2.1
2.5
3.1
3.4
3.5
3.6
3.8
4.1
4.3
11.8
12.1
13.2
14.5
16.3
18.0
19.7
21.0
22.6
23.7
80.7
85.3
88.8
93.1
96.7
100.7
105 6
109.8
114.7
119.7
75.9
79.8
82.7
86.4
89.6
93.1
97.7
101.4
106.1
110.9
16.5
20.0
21.8
23.1
23.6
23.5
24.4
25.1
25.7
26.2
11.8
14.6
15.9
16.7
16.7
16.7
17.6
18.7
19.5
20. 1
16.2
17.2
17.3
18.1
18.6
19.2
19.8
19.9
20.7
22.0
7.5
7.7
7.9
8.4
9.2
10.1
11.0
11.8
12.5
13.6
2.9
2.8
2.8
2.9
3.0
3.1
3.0
2.9
2.9
2.8
19.6
19.0
18.7
18.3
17.9
17.4
17.0
16.8
16.5
16.2
1.9
2.1
2.5
3.1
3.4
3.5
3.6
3.8
4.1
4.3
10.0
10.9
12.4
14.0
15.6
16.9
18.4
19.7
16.1
15.6
15.2
14.6
14.0
13.5
13.0
12.5
12.2
11.8
4.6
5.1
5.6
5.8
6.0
6.3
6.5
6.7
6.9
7.3
24.6
25.8
27.1
28.3
29.2
29.9
30.5
31.0
31.4
32.0
125.6
133.1
140.1
145.2
150.0
155.9
161.6
167.4
172.9
179.3
116.6
123.9
130.6
135.6
140.3
146.1
151.7
157.5
162.9
169.3
26.9
28.1
29.4
30.1
29.9
30.2
30.3
30.3
30.6
30.9
21.1
22.5
24.1
24.4
24.4
25.1
25.7
26.4
27.0
28.0
23.9
26.2
28.0
29 8
31.8
34.0
36.6
39.2
41.6
44.2
14.6
15.6
16.7
17.9
19.0
20.3
21.7
23.1
24.5
26.1
2.8
2.9
3.0
3.2
3.4
3.9
4.2
4.6
4.9
5.1
15.6
15.2
14.8
14.3
13.8
13.3
12.8
12.3
12.0
11.7
4.6
5.1
5.6
5.8
6.0
6.3
6.5
6.7
6.9
7.3
20.7
22.1
23.6
25.1
26.3
27.4
28.3
28.9
29.5
30.4
11.4
11.1
10.9
10.7
7.7
8.2
8.5
8.7
33.0
34.5
35.8
36.9
188.7
199.3
207.8
215.6
178.7
189.2
197.7
205.5
32.0
33.7
35.0
35.9
30.2
33.3
35.6
36.9
47.9
51.2
54.2
57.8
27.9
29.7
31.2
32.6
5.5
5.9
6.2
6.4
11.3
11.1
10.8
10.7
7.7
8.2
8.5
8.7
31.6
33.3
34.9
36.3
17.7
17.6
17.4
17.3
17.2
17.1
17.4
17.8
18.3
18.8
12.7
12.5
12.4
12.2
11.9
12.0
12.4
13.0
13.4
13.7
12.5
12.4
12.4
12.2
12.0
12.1
12.5
13.1
13.5
13.9
15.0
14.6
14.4
14.1
13.9
13.9
14.2
14.7
15.2
15.8
14.4
13.9
13.4
13.1
12.9
12.7
12.8
13.3
14.0
14.7
13.4
12.8
12.4
12.1
12.1
12.2
12.4
12.8
13.4
13.9
24.5
24.8
25.1
25.5
25.7
25.9
26.3
26.8
27.3
27.9
9.0
8.6
8.4
8.1
7.6
7.3
7.5
7.8
8.3
8.8
11.1
11.0
10.9
11.0
11.1
11.2
11.5
11.9
12.6
13.1
18 8
17.4
16.3
24
7.8
8.5
9.1
9.6
2.8
3.1
3.1
3.0
10.0
10.5
10.6
10.3
28
9.7
9.3
2.6
2.3
22
9.0
9.3
Mean age of gross stocks (years)
1925
17.5
1926
17.4
17.4
1927
17.3
1928
1929 . . 17.2
1930
17.2
1931 . .17.5
1932
17.9
18.4
1933
1934
18.9
20.3
20.5
20.6
20.7
20.9
21.2
21.6
22.1
22.6
23.0
17.3
17.2
17.1
17.0
16.9
17.0
17.2
17.7
18.2
18.6
13.2
13.1
13.1
12.9
12.7
12.8
13.2
13.7
14.0
14.4
12.7
12.7
12.6
12.5
12.3
12.4
12.8
13.4
13.7
14.1
15.5
15.2
15.0
14.9
14.8
14.9
15.2
15.7
16.2
16.7
14.8
14.3
13.9
13.6
13.4
13.3
13.4
13.9
14.5
15.3
13.8
13.2
12.8
12.6
12.6
12.8
12.9
13.3
13.8
14.4
24.4
24.7
25.0
25.3
25.5
25.8
26.1
26.6
27.2
27.7
9.0
8.6
8.4
8.1
7.6
7.3
7.5
7.8
8.3
8.8
11.0
11.0
11.0
11.2
11.3
11.7
12.2
12.8
13.4
17.9
17.8
17.7
17.6
17.4
17.4
17.7
18.1
18.6
19.1
1935
1936.
1937
1938
1939
1940
1941.
1942.
1943
1944
23.2
23.4
23.6
23.8
23.9
24.1
24.2
24.3
24.3
24.3
19.1
19.4
19.6
19.9
20.1
20.3
20.4
20.7
21.1
21.5
14.8
15.0
15.1
15.4
15.6
15.7
15.5
15.7
16.1
16.5
14.6
14.9
14.9
15.3
15.6
15.6
15.4
15.6
16.1
16.4
17.2
17.6
17.9
18.2
18.6
18.9
19.1
19.6
20.2
20.8
15.9
16.4
16.9
17.4
17.8
18.2
18.6
19.2
19.9
20.6
14.9
15.3
15.7
15.9
16.2
16.6
16.9
17.5
18.2
18.9
28.2
28.6
29.0
29.4
29.8
30.2
30.5
30.8
31.1
31.4
9.3
9.8
10.1
10.4
10.7
10.9
10.9
10.9
11.4
11.7
13.9
14.3
14.7
14.9
15.1
15.2
15.3
15.6
16.0
16.3
19.5
19.8
20.0
20.2
20.5
20.6
20.6
20.9
21.4
21.7
19.2
19.5
19.7
20.0
20.2
20.4
20.4
20.7
21.2
21.5
14.2
14.4
1.4.5
14.8
15.1
15.1
14.9
15.2
15.6
16.0
14.3
14.6
14.7
15.0
15.3
15.4
15.1
15.3
15.7
16.1
16.3
16.7
17.0
17.4
17.8
18.1
18.4
18.9
19.5
20.2
15.4
16.0
16.5
16.9
17.4
17.8
18.2
18.8
19.6
20.3
14.5
15.0
15.3
15.6
15.8
16.2
16.6
17.2
17.9
18.6
28.3
28.8
29.1
29.6
30.0
30.4
30.7
31.0
31.3
31.6
9.3
9.8
10.1
10.4
10.7
10.9
10.9
11.0
11.4
11.7
13.6
14.0
14.2
14.3
14.4
14.4
14.4
14.6
15.1
15.4
24.3
21.7
23.0 21.3
21.9
21.1
21.0 20.7
20.2 20.4
19.6
20.1
19.0
19.6
18.4
19.3
18.0
18.8
17.6
18.4
end of table.
16.5
15.4
14.9
14.5
14.4
14.3
14.0
13.8
13.6
13.4
16.3
15.1
14.5
14.2
14.2
14.1
13.7
13.3
13.0
12.7
21.2
20.9
20.9
20.8
20.7
20.5
20.3
20.2
19.9
19.4
21.2
21.3
21.4
21.3
21.0
20.6
20.1
19.8
19.5
19.1
19.5
19.8
20.2
20.3
20.2
20.2
20.5
20.8
21.0
21.0
31.7
31.9
32.0
32.1
32.2
32.4
32.5
32.5
32.4
32.5
11.9
11.4
10.6
9.5
9.0
8.7
8.4
8.1
7.9
7.8
16.4
16.4
16.0
15.4
14.7
14.1
13.5
13.2
12.7
12.4
21.9
21.5
21.1
20.7
20.4
20.0
19.5
19.1
18.6
18.2
21.7
21.4
21.1
20.7
20.4
20.0
19.5
19.1
18.7
18.2
16.0
14.9
14.4
14.0
13.9
13.8
13.5
13.3
13.1
13.0
16.0
14.7
14.1
13.8
13.7
13.7
13.3
12.9
12.6
12.4
20.6
20.4
20.4
20.2
20.0
19.9
19.7
19.6
19.3
18.8
20.8
21.0
21.1
20.8
20.4
19.8
19.3
18.9
18.7
18.2
19.3
19.5
19.9
19.9
19.7
19.6
19.9
20.2
20.4
20.7
31.9
32.2
32.3
32.4
32.6
32.7
32.9
32.9
32.8
32.9
11.9
11.4
10.6
9.5
9.0
8.7
8.4
8.1
7.9
7.8
15.6
15.5
15.2
14.7
14.0
13.3
12.7
12.3
11.8
11.5
19.3
19.6
19.8
20.1
20.4
20.5
20.6
20.9
21.3
21.7
1945
21.8
1946
21.4
21.1
1947
1948
20.7
20.4
1949
20.1
1950
19.6
1951
19.2
1952
18.8
1953
1954
18.3
See footnote at
11.1
February 1969
SUKVEY OF CURRENT BUSINESS
25
Table 2.—Constant Dollar Gross and Net Stocks and Mean Age of Structures, by Broad Industry Group, 1925-68—Continued
Constant cost 1
Industry
Year
All
industries i
Farm
Constant cost 2
Selected types of structures
Commercial
Non- Manu- Indusfarm factur- trial
and
misceling
laneous
Industry
InstituRailAll
tional Social road, Teleindusexcl.
local phone Other tries *
and
social recrea- transit, and public
and
and
tional
tele- utilities
recreapipe- graph
line
tional
Nonfarm
Selected types of structures
Com
merManu- Indus- cial
factur- trial
and
ing
miscellaneous
InstituRailtional Social road, Teleexcl.
and
local phone Other
social recrea- transit, and public
and
and
tional
tele- utilities
recreapipe- graph
tional
line
Mean age of gross stocks (years)—Continued
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
17.9
17.3
16.9
16.5
16.3
16.0
15.7
15.5
15.3
15.1
17.3
17.0
16.8
16.6
16.5
16.4
16.4
16.3
16.4
16.4
17.9
17.4
16.9
16.5
16.3
16.0
15.7
15.5
15.3
15.1
13.2
12.9
12.6
12.5
12.5
12.5
12.6
12.7
12.7
12.8
12.4
12.0
11.6
11.6
11.6
11.6
11.6
11.6
11.7
11.6
18.8
18.0
17.4
16.8
16.3
15.8
15.3
14.9
14.5
14.2
18.8
18.5
18.1
17.8
17.6
17.4
17.2
16.9
16.8
16.6
21.0
20.9
20.7
20.3
19.6
18.8
18.2
17.5
17.0
16.7
32.6
32.7
32 8
32.9
33.0
33.2
33.3
33.4
33.5
33.5
7.7
7.5
7.4
7.5
7.7
7.8
8.0
8.1
8.3
8.4
12.3
12.1
11.8
11.7
11.6
11.6
11.6
11.7
11.9
12.0
17.7
17.1
16.6
16.3
16.0
15.6
15.3
15.1
14.9
14.6
17.7
17.1
16.6
16.2
15.9
15.6
15.3
15.0
14.8
14.5
12.8
12.5
12.2
12.1
12.2
12.2
12.3
12.4
12.4
12.5
12.1
11.7
11.4
11.4
11.4
11.4
11.4
11.4
11.5
11.5
18.2
17.4
16.8
16.3
15.7
15.2
14.6
14.1
13.7
13.3
17.9
17.5
17.2
16.8
16.6
16.3
16.0
15.8
15.5
15.3
20.7
20.5
20.3
19.7
18.9
17.9
17.2
16.4
15.8
15.5
33.0
33.1
33.1
33.2
33.4
33.5
33.7
33.7
33.7
33.7
7.7
7.5
7.4
7.5
7.7
7.8
8.0
8.1
8.3
8.4
11.4
11.1
10.9
10.7
10.7
10.7
10.7
10.8
11.0
11.1
1965
1966
1967
1968
14.9
14.6
14.4
14.3
16.5
16.6
16.7
16.9
14.8
14.5
14.3
14.2
12.8
12.6
12.6
12.6
11.5
11.2
11.1
11.1
13.7
13.4
13.1
12.9
16.3
16.2
16.1
16.1
16.2
15.8
15.5
15.3
33.5
33.5
33.4
33.3
8.4
8.4
8.5
8.7
12.0
12.0
12.1
12.1
14.4
14.1
13.9
13.7
14.2
13.9
13.7
13.6
12.5
12.4
12.3
12.4
11.3
11.0
10.9
10.9
12.8
12.5
12.3
12.0
15.1
14.9
14.8
14.8
14.9
14.5
14.1
14.0
33.8
33.7
33. 6
33.4
8.4
8.4
8.5
8.7
11.2
11.2
11.2
11.3
1. The sum of the "Selected types of structures" is less than the nonfarm total because in addition to the detail shown, "Petroleum and natural gas well drilling and exploration" and
"All other private," are included in the nonfarm total. Farm is shown only once as there is no constant cost 2 alternative.
Source: U.S. Department of Commerce, Office of Business Economics.
Table 3.—Constant Dollar Gross and Net Stocks and Mean Age of Equipment, by Broad Industry Group, 1925-68
SERVICE LIVES: BULLETIN F-15 PERCENT
WINFREY DISTRIBUTION
Types of equipment
Industry
Year
All
industries i Nonfarm
Manufacturing
AgriculturFur- Fab- Enal
nimarigines
ture cated and Trac- chinand metal turtors
ery
(exfix- prod- bines
tures ucts
cept
tractors)
Construction
machinery
MinSpeing Metal- cial inand work- dusing
oiltry__
field mamama- chin- chinchin- ery
ery
ery
General
industrial
machinery
Office,
computing
and
accounting
machinery
Service
industry
machines
Elec- Trucks,
trical buses, Passenmaand
chin- truck
ger
cars
ery trailers
Aircraft
MiscelShips Rail- Inand road stru- laneboats equip- ments ous
equipment
ment
Gross stocks (billions of 1958 dollars)
1925
1926.
1927
1928.
1929
1930
1931
1932
1933
126.0
130.3
132.9
135.5
139.2
140.0
137.4
131.9
127.0
123.6
114.6
118.2
120.2
122.2
125.2
125.7
123.1
118.0
113.6
110.3
30.2
31.2
31.9
32.8
33.8
34.0
33.6
32.6
31.6
30.8
4.8
5.1
5.5
5.9
6.3
6.6
6.8
6.8
6.7
6.7
4.2
4.3
4.4
4.5
4.7
4.7
4.8
4.7
4.6
4.6
3.6
3.6
3.5
3.4
3.3
3.2
3.1
3.0
2.8
2.6
1.8
2.0
2.2
2.5
2.7
2.8
2.9
2.9
2.8
2.7
6.3
6.5
6.7
6.9
7.2
7.5
7.4
7.2
7.0
6.7
1.6
1.7
1.8
1.9
2.1
2.1
2.1
1.9
1.7
1.5
2.6
2.8
2.9
3.0
3.2
3.2
3.1
2.9
2.7
2.6
5.0
5.2
5.4
5.8
6.1
6.2
6.1
6.0
5.8
5.7
16.3
16.6
16.8
17.0
17 2
17.1
16.8
16.2
15.7
15.2
10.3
10.7
11.1
11.5
12.0
12.3
12.3
12.0
11.7
11.4
1.6
1.7
.7
.8
9
.9
.9
.8
.7
.6
3.2
3.2
3.0
2.9
2.8
1935
1936 ..
1937
1938
1939
1940
1941.
108.9
109.9
111.9
110.3
109.6
111.3
114.8
113.0
110.4
109.4
30 4
30.6
31.0
30.6
30.5
31.0
31.9
31.9
31.7
32 1
6.8
6.8
6.9
7.0
7.0
7.1
7.3
7.2
7.1
7.0
4.6
4.5
4.5
4.5
4.4
4.4
4.5
4.5
4.6
4.7
2.5
2.5
2.4
2.4
2.4
2.4
2.3
2.3
2.2
2.3
2.8
2.9
3.2
3.4
3.5
3.8
4.2
4.3
4.2
4.5
6.6
6.6
6.7
6.7
6.6
6.6
6.7
6.8
6.7
6.9
1.4
1.3
1.3
1.2
1.2
1.3
1.4
1.4
1.4
1.4
2.6
2.6
2.7
2.6
2.6
2.7
3.0
3.1
3.2
3.3
5.7
5.8
6.0
6.0
6.2
6.7
7.6
8.4
9.2
9.7
14.8
14.6
14.5
14.1
13.7
13.5
13.2
12.8
12.2
12 0
11.4
11.6
11.8
11.7
11.7
11.7
11.7
11.4
11.2
11 5
1.5
1.5
1.5
1.5
1.5
1.6
1.7
1.7
1.7
2.7
2.7
2.8
2.7
2.7
2.8
2.8
2.8
2.9
1944
122 A
123.9
126.4
125.0
124.6
126.7
131.2
129.5
126.6
126.2
17
30
1945
1946
1947.
1948
1949
1950
1951 _ _
1952
1953
1954
130.8
139.8
155.6
172.5
185.5
200.0
214.2
226.5
238.8
249.2
113.4
121.8
135.8
150.2
160.7
172.5
184.4
194.9
205.2
214.0
33.8
37.1
42.3
47.3
50.6
54.0
58.6
63 0
67.2
71.5
7.1
7.5
8.0
8.5
8.9
9.3
4.9
5.3
5.9
6.4
6.7
7.1
7.7
8.3
9.0
9.8
2.6
2.6
2.7
3.0
3.3
3.7
3.9
4.3
4.7
5.3
4.8
4.9
5.3
6.0
6.6
7.3
8.0
8.6
9.0
9.3
7.3
7.6
8.3
9.3
1.8
2.5
3.2
4.1
4.6
5.1
5.6
38
10.4
11 4
12.6
13.6
14 0
14.8
15.8
16 9
18.3
19.8
12.2
12 8
14 1
15.3
16 2
17 3
18.5
19 5
20 5
21.4
12.4
13 2
14.3
15.4
15 9
16 5
17.1
17 7
18.4
19.1
1.9
3.3
22
37
45
1934__
1942..
1943..
See footnote at end of table.
10.0
10 5
11.0
11.7
10.2
11.2
12.1
13 0
13.8
14.5
62
6.6
6.7
4.0
4.2
4.5
4.6
4.7
5.0
5.2
5.4
5.4
2.7
3.3
37
42
4.7
52
57
6.0
3.0
3.1
3.2
3.2
33
5.7
64
72
7.8
84
91
9.7
5.9
6.2
6.5
6.9
7.3
7.6
7.8
7.7
7.5
7.4
4.4
4.9
5.2
5.5
6.4
6.8
6.9
6.7
6.6
6.9
7.6
8.6
8.7
8.9
9.0
8.4
7.3
5.7
4.8
4.6
0.1
.1
.2
.3
.4
.4
.4
.4
.7
.7
6.9
6.9
6.9
6.8
6.8
6.9
6.9
6.7
6.4
6.2
34.9
35.1
35.0
34.6
34.4
34.2
33.1
32.0
30.8
29.6
0.9
1.0
1.1
1.1
1.2
1.2
1.3
1.2
1.2
1.2
4.
4.
4.
3.
3.
3.
3.
3.
3.
2.
7.4
7.5
7.9
8.0
82
8.7
9.2
9.4
9.5
10 2
7.4
8.4
9.2
9.5
5.4
6.8
8.0
8.0
8.0
8.5
9.4
8.0
6.3
4.2
.6
.6
.6
.6
.5
.6
.6
.5
.5
.4
5.9
5.8
5.7
5.7
5.6
5.6
5.8
5.9
6.2
6.2
28.4
27.5
27.0
25.9
24.8
24.0
23.5
22.9
22.0
21.2
1.2
1.2
1.3
1.3
1.4
1.4
1.4
1.3
1.3
1.4
2.
2.
2.
2.
2.
2.
2.
2.
2.
2.
2.9
3.8
6.1
8.5
.4
.7
.9
.9
1.0
1.1
1.1
1.3
1.4
1.5
6.4
6.6
7.3
7.5
7.5
7.5
7.7
8.0
8.2
8.2
20.5
19.9
19.7
20.1
20.6
20.7
21.3
21.7
22.0
21.9
1.6
1.9
2.4
2.9
3.4
3.9
4.5
5.1
5.8
6.3
2.
2.
2.
3.
3.
3.
4.
4.
4.
5.
11.0
12 1
13.8
15.5
16 9
18 7
20.8
23 3
26 0
28.6
10.3
11.3
12.6
12.4
12.2
12 3
13.2
14 7
16.8
19.1
20 7
22 8
24.9
25 9
26 6
26.8
11.0
13.2
13.8
13 2
12.9
12.8
SUEVEY OF CURRENT BUSINESS
26
February 1969
Table 3.—Constant Dollar Gross and Net Stocks and Mean Age of Equipment, by Broad Industry Group, 1925-68—Continued
SERVICE LIVES: BULLETIN F-15 PERCENT
WINFREY DISTRIBUTION
Types of equipment
Industry
Year
All
industries i Nonfarm
Manufacturing
Fur- Fab- Ennirigines
ture cated and
and metal turfix- prod- bines
tures ucts
Agricultural
maTrac- chinery
tors
(except
tractors)
MinSpeConing Metal- cial instruc- and work- dustion
ing
try
oilma- field mamachin- ma- chin- chinery chin- ery
ery
ery
General
industrial
machinery
Office,
computing
and
accounting
machinery
Service
industry
machines
Elec- Trucks,
trical buses, Pasmaand
senchin- truck
ger
ery
trail- cars
ers
Aircraft
MisShips Rail- Inceland road stru- laneboats equip- ments ous
ment
equipment
Gross stocks (billions of 1958 dollars)—Continued
1955
1956
1957
1958
1959
1960
1961
1962.
1963
1964
262.4
275.6
287 9
294.6
303.2
312 8
320.6
330.5
341 8
357.0
225.8
238.2
249 8
255 7
263.6
273 3
281.2
291.1
302 0
316 9
75.5
80.7
85.5
87.7
89.5
91.8
93.8
95.8
98.1
101.7
12.4
13.3
14 0
14.6
15.4
16.2
17.0
17.8
18.8
19.9
10.5
11.2
12 0
12.7
13.3
13 9
14.4
14.8
15 3
15.9
5.8
6.2
6.8
7.3
7.7
8.2
8.6
8.9
9.3
9.7
9.7
10.1
10.2
10.4
10.5
10.3
10.0
9.8
9.7
9.8
15.1
15.6
16.0
16.7
17.3
17.7
17.9
18.1
18.5
18.8
6.9
7.1
7.2
7.1
7.3
7.3
7.3
7.4
7.7
8.1
5.6
5.7
5.8
5.7
5.6
5.5
5.4
5.2
5.2
5.2
21.0
22.4
23.6
24.0
24.4
25.0
25.3
25.6
26.0
26.8
22.5
23.7
24.7
25.5
26.2
27.1
27.9
28.7
29.2
30.0
20.0
20.9
21.7
22.0
22.4
22.8
23.1
23.4
23.8
24.7
6.4
6.8
7.4
8.0
8.6
9.3
10.0
10.9
12.1
13.6
10.3
10.9
11.5
11.8
12.2
12.6
13.0
13.5
14.1
14.8
31.2
34.3
37.4
39.9
42.2
44.7
47.5
49.8
52.0
54.5
27.6
28.1
28 1
27.5
27.6
28.1
28.3
29.6
31.3
33.2
13.9
14.3
14 4
13.5
13.0
13 1
13.1
13.7
14 3
15.2
1.6
1.8
22
2.4
3.1
37
4.3
5.0
53
5.8
8.3
8.5
88
9.0
9.1
92
9.2
9.2
9.0
9.0
21.9
22.2
22 7
22.6
22.5
22 5
22.2
22.1
22 0
22.3
6.9
7.4
80
83
8.6
90
94
9.8
10 5
11.5
5.4
5.8
61
65
7.0
74
7.7
8.1
86
9.2
1965
1966
1967
1968
376.7
400.7
424.8
449.9
335.6
358.3
381.3
405.2
107.1
114.3
120.7
127.3
21.1
22.4
23.5
24.5
16.6
17.4
18.1
18.7
10.0
10.4
11.4
12.5
10.0
10.5
10.8
11.2
19.2
19.8
20.3
20.7
8.6
9.1
10.1
10.6
5.2
5.3
5.4
5.5
27.9
29.3
30.7
31.5
30.9
32.3
33.4
34.6
25.7
27.0
28.6
30.1
15.3
18.3
22.0
26.5
15.7
16.7
17.7
18.7
57.6
60.8
64.2
67.1
36.0
39.6
42.3
45.6
16.7
18.0
18.9
20.1
6.7
7.9
9.6
12.2
9.1
9.0
8.9
8.8
22.7
23 1
23.2
23.0
12.6
14 0
15.3
16.8
9.9
10 7
11.4
12.1
0.5
.6
.6
.6
.7
.7
.7
.6
6
.6
2.0
1.9
1.8
1.8
1.8
1.7
1.6
1.4
13
1.2
Net stocks using straight line depreciation (billions of 1958 dollars)
1925
66.8
1926.... . . 69.1
1927
69.7
1928
70.6
1929—
72.9
1930
72.4
1931
68.9
1932... . . 63.2
1933
58.7
1934.
55.8
60.4
62.4
62.7
63.3
65.2
64.5
61.3
56.2
52.3
49.6
16.1
16.7
17.0
17.4
18.0
17.9
17.1
15.9
14.8
14.1
2.7
3.0
3.3
3.6
3.9
4.0
4.0
3.8
3.5
3.4
2.3
2.4
2.5
2.5
2.6
2.6
2.6
2.5
2.3
2.3
1.6
1.6
1.6
1.5
1.5
1.5
1.4
1.3
1.2
1.1
1.2
1.3
1.5
1.6
1.7
1.8
1.7
1.6
1.5
1.4
3.3
3.4
3.5
3.7
3.8
3.9
3.8
3.5
3.2
2.9
0.9
1.0
1.0
1.1
1.1
1.1
1.0
.8
.7
.5
1.4
1.5
1.5
1.6
1.7
1.7
1.5
1.3
1.2
1.1
2.7
2.9
3.0
3.2
3.4
3.4
3.3
3.0
2.8
2.6
8.7
8.8
8.8
8.9
8.9
8.6
8.2
7.6
7.1
6.7
5.4
5.8
6.0
6.2
6.6
6.7
6.5
6.1
5.7
5.4
0.8
.9
.9
1.0
1.0
1.0
.9
.8
.7
.6
.5
.6
.6
.7
.7
.7
.6
.4
.3
.2
3.3
3.5
3.7
4.0
4.2
4.4
4.4
4.2
3.9
3.7
2.6
2.8
2.9
3.0
3.7
3.9
3.9
3.6
3.4
3.7
.1
.6
.4
.4
.6
4.0
3.3
2.4
2.2
2.4
0.1
.1
.1
.2
.3
.3
.2
.2
4
.4
3.5
3.5
3.4
3.3
3.3
3.3
3.1
2.9
2.7
18.1
17.9
17.4
16.8
16.4
16.1
15.1
13.9
12.8
11.9
1935
1936
1937—. .
1938
1939.
1940
1941
1942
1943...
1944
55.0
56.7
59.5
58.3
58.6
61.4
65.8
63.8
61.6
62.3
48.6
49.9
52.1
50.8
50.9
53.4
57.0
55.1
53.2
53.6
13.8
14.1
14.6
14.4
14.5
15.2
16.2
16.2
16.2
16.7
3.3
3.3
3.3
3.3
3.3
3.4
3.6
3.6
3.5
3.5
2.2
2.1
2.1
2.0
2.0
2.0
2.0
2.0
2.1
2.3
1.0
1.0
1.1
1.1
1.1
1.2
1.2
1.1
1.1
1.2
1.4
1.5
1.7
1.8
1.9
2.1
2.3
2.3
2.1
2.3
2.9
2.9
3.0
3.0
3.0
3.1
3.3
3.5
3.5
3.7
.5
.5
.6
.6
.6
.7
.8
.8
.8
.7
1.1
1.3
1.4
1.3
1.4
1.5
1.8
1.8
1.8
1.8
2.6
2.8
3.0
3.0
3.1
3.7
4.5
5.2
5.8
6.1
6.4
6.4
6.4
6.2
6.1
6.1
6.0
5.9
5.6
5.6
5.3
5.5
5.7
5.6
5.7
5.7
5.8
5.6
5.5
5.9
.6
.7
.7
.8
.8
.8
.9
.9
.9
.9
.2
.2
.3
.3
.4
.4
.5
.5
.5
1.6
3.7
3.7
3.9
4.0
4.1
4.5
5.0
5.1
5.1
5.7
4.2
5.1
5.8
5.9
6.4
6.9
7.7
6.8
6.0
5.6
31
4.0
4.5
40
4.0
4.6
52
3.5
2.3
1.5
3
.3
.3
2
.2
.3
3
.3
.2
.2
2.5
2.4
2.3
2.4
2.4
2.5
2.8
3.0
3.3
3.3
11.1
10.6
10.4
98
9.3
9.1
9.1
9.1
8.8
8.6
6
.6
.6
7
.7
.7
7
.6
.6
.7
12
1.2
1.1
11
1.0
1.1
1.2
1.2
1.2
1.2
1945
67.6
1946
75.8
89.4
1947
1948— . .
102.0
1949
109.7
1950
118.0
1951
125.6
1952.... . .131.1
1953
137.0
1954. ..
140.9
58.4
66.2
78.3
88.8
94.5
101.0
107.1
112.0
117.0
120.6
18.3
21.4
25.9
29.6
31.4
33.0
35.6
37.9
39.9
41.9
3.5
3.9
4.4
4.8
5.0
5.3
5.7
6.1
6.4
6.7
2.5
2.9
3.4
3.9
4.1
4.4
48
5.3
5.7
6.2
1.6
1.5
1.7
1.9
2.1
2.4
2.6
2.9
3.1
3.5
2.4
2.5
2.8
3.3
3.8
4.3
4.7
5.0
5.2
5.1
4.1
4.3
4.9
5.8
6.5
7.2
77
8.2
8.5
8.7
1.1
1.7
2.2
2.8
3.0
3.1
32
3.4
3.5
3.3
2.2
2.3
2.3
2.5
2.5
2.5
2.6
2.7
2.8
2.7
6.6
7.3
8.2
8.6
8.6
8.8
9.3
9.9
10.7
11.7
6.0
6.6
8.0
9.2
9.8
10.6
11 4
11.9
12.4
12.7
6.8
7.5
8.5
9.2
9.4
9.5
9.7
9.8
10.0
10.3
1.0
1.3
1.7
2.1
2.3
2.5
2.7
2.9
3.1
3.2
1.8
2.1
2.8
3.8
4.1
4.5
47
4.8
5.1
5.2
6.4
7.2
8.7
9.9
10.8
12.0
13.3
14.8
16.4
17.7
6.3
7.4
9.2
11.0
11.9
13.1
14 1
14.1
13.9
13.5
1.1
2.2
3.8
5.0
6.2
7.5
74
6.6
6.7
6.8
.2
.5
.6
.6
.6
.6
6
.7
.8
.8
3.5
3.7
4.4
4.5
4.4
4.2
43
4.4
4.4
4.3
8.5
8.4
8.7
9.5
10.4
10.8
11 5
12.1
12.4
12.2
.9
1.2
1.6
2.0
2.3
2.6
29
3.2
3.5
3.7
1.2
1.4
1.7
2.0
2.2
2.4
25
2.6
2.7
2.8
1955—
1956
1957
1958
1959—
1960
1961
1962
1963 .
1964
147.1
153.3
158.8
159.7
163.1
167.5
169.7
174.7
181.1
190.8
126.6
133.1
138.8
139.7
143.1
148.0
150.4
155.4
161.2
170.6
43.5
46.3
48.7
48.8
48.6
49.2
49.3
49.9
50.9
53.2
7.2
7.7
8.1
8.4
8.8
9.2
9.6
10.1
10.7
11.3
6.6
6.9
7.3
7.7
7.8
8.0
8.0
8.1
8.2
8.6
38
4.1
4.4
4.7
4.9
5.1
5.3
5.4
5.5
5.7
5.3
5.3
5.2
5.1
5.2
4.9
4.7
4.6
4.6
4.8
8.9
9.0
8.9
9.2
9.3
9.3
9.3
9.2
9.4
9.5
3.4
3.6
3.6
3.6
3.8
3.8
3.7
3.7
3.9
4.3
2.8
2.9
3.0
2.8
2.7
2.7
2.5
2.4
2.5
2.5
12.1
12.9
13.5
13.4
13.3
13.4
13.3
13.3
13.5
13.9
13.1
13.6
14.0
14.0
14.2
14.5
14.7
15.0
15.2
15.6
10.7
11.1
11.6
11.6
11.7
11.9
12.0
12.1
12.4
13.0
3.4
3.6
4.1
4.4
4.8
5.2
5.5
6.0
6.7
7.8
5.5
5.8
6.2
6.3
6.4
6.6
6.8
7.1
7.4
7.9
19.0
20.5
22.2
22.9
23.8
25.1
26.2
27.5
28.6
30.1
13.9
14.1
14.0
13.4
13.7
14.2
14.4
15.5
16.8
18.2
7.7
7.5
7.2
6.4
6.3
6.6
6.5
6.8
7.4
8.0
.8
1.0
1.3
1.4
1.9
2.3
2.7
3.1
3.1
3.3
4.2
4.2
4.4
4.5
4.6
4.6
4.5
4.5'
4.4
4.5
12.2
12.3
12.6
12.2
11.9
11.6
11.1
10.9
10.5
10.6
3.9
4.2
4.4
4.5
4.6
4.9
5.1
5.3
5.8
6.6
3.0
3.2
3.4
3.6
3.8
4.1
4.3
4.5
4.8
5.2
1965 .
1966 . .
1967
1968
204.0
220.8
236.3
251.9
182.9
198.5
213.0
227.8
57.1
62.6
66.8
71.2
12.0
12.8
13.4
13.9
9.1
9.7
10.1
10.5
5.8
6.0
6.7
7.6
5.1
5.6
5.9
6.2
9.8
10.3
10.7
11.0
4.6
5.0
5.7
5.9
2.6
2.7
2.8
2.9
14.6
15.6
16.7
17.2
16.3
17.3
18.1
18.9
13.8
14.8
15.9
17.0
8.9
11.0
13.5
16.5
8.6
9.2
9.8
10.4
32.0
34.2
36.4
38.1
20.2
22.5
23.9
25.5
9.0
9.6
9.8
10.5
3.8
4.7
5.9
7.9
4.6
4.6
4.6
4.5
10.8
11.3
11.3
11.2
7.3
8.3
9.1
10.0
5.7
6.1
6.5
6.8
0 0
Net stocks using double declining balance depreciation (billions of 1958 dollars)
52.5
54.4
54.6
55.4
57.4
56.7
53.3
48.2
44 4
42.2
27
26
1.9
2.0
2.0
20
2.1
2.1
2.0
.9
8
.7
1.3
1.3
1.2
1.2
1.2
1.2
1. 1
1.0
9
.8
1.0
1.1
.2
3
.4
.4
4
.2
1
.0
2.6
2.7
2.8
2.9
3.1
3.1
3.0
2.7
24
2.2
0.7
.8
.8
.8
.9
.9
.8
.6
.5
.4
1.1
1.2
1.2
1.2
1.4
1.3
1.1
1.0
.9
.8
2.2
2.3
2.4
2.6
2.7
2.7
2.6
2.3
2. 1
2.0
6.9
7.0
7.0
7.0
7.0
6.7
6.4
5.8
5.4
5.1
4.3
4.6
4.8
5.0
5.3
5.3
5.1
4.7
4.3
4.1
0.7
.7
.7
.8
.8
.8
.7
.6
.5
.5
25
2.5
2.6
26
2.6
7
.6
.6
6
1.5
.8
.8
.9
.9
.9
.1
.2
.4
.5
.5
2.2
2.2
2.3
2.4
2.4
.3
.4
.5
.5
.5
.8
1.0
1.1
1.1
1.1
2.0
2.2
2.4
2.4
2.5
4.9
4.9
5.0
4.9
4.8
4.0
4.2
4.5
4.4
4.5
.5
.5
.6
.6
.6
12.7
13.3
13.5
13.8
14.3
14.1
13.4
12.2
11 3
10.7
2.2
2.5
2.8
3.0
3.2
3.2
31
41.9
37 0
10.5
43.8 38.4 10.9
46.4 40.5
11.5
45.3
39 4 11.3
11.4
45.7 39.6
See footnote at end of table.
1925
1926 1927
1928
1929
1930
1931
1932. ..
1933
1934- .
47.5
49.0
49.1
49 6
51.2
50.4
47 4
42.8
39 5
37.5
1935
1936—
1937
1938
1939
2.9
1.2
1.2
1.3
1.3
1.3
1.3
1.2
1.1
1.0
.9
2.6
2.8
3.0
3.2
3.5
3.6
3.5
3.3
3.0
2.9
2.0
2.2
2.2
2.3
2.9
3.1
3.0
2.7
2.6
2.9
2.9
3.2
3.0
3.0
3.2
2.7
2.2
1.6
1.5
1.7
0.1
.1
.1
.2
.2
.2
.2
.1
.3
.3
2.7
2.7
2.7
2.6
2.6
2.6
2.6
2.4
2.2
2.1
14.3
14.1
13.7
13.1
12.8
12.6
11.6
10.6
9.7
9.0
0.4
.5
.5
.5
.5
.5
.5
.5
.5
.4
.5
.5
.4
.4
.3
.3
.2
.1
.0
.9
.9
1.0.
1.0
1.0
1.1
2.8
2.8
3.1
3.1
3.3
3.4
4.2
4.8
4.7
5.1
2.3
2.9
3.2
2.7
2.8
.2
.2
.2
.2
.2
1.9
1.8
1.8
1.9
1.9
8.3
8.0
8.0
7.5
7.1
.4
.5
.5
.5
.5
.9
.9
.8
.8
.8
SURVEY OF CURRENT BUSINESS
February 1969
27
Table 3.—Constant Dollar Gross and Net Stocks and Mean Age of Equipment, by Broad Industry Group, 1925-68—Continued
SERVICE LIVES: BULLETIN F-15 PERCENT
WIN* REY DISTRIBUTION
Industry
Year
All
industries i Nonfarm
Manufacturing
Types of equipment
Fur- Fabniriture cated
and metal
fix- prodtures ucts
AgriculturEnal
magines
and Trac- chinturtors
ery
(exbines
cept
tractors)
MinSpeConing Metal- cial instruc- and work- dustion
ing
oiltry
ma- field mamachin- ma- chin- chinery chin- ery
ery
ery
General
industrial
machinery
Office,
computing
and
accounting
machinery
Service
industry
machines
Elec- Trucks,
trical buses, Pasmaand
senchin- truck
ger
ery
trail- cars
ers
Aircraft
MisInShips Railceland road stru- laneboats equip- ments ous
ment
equipment
Net stocks using double declining balance depreciation (billions of 1958 dollars)—Continued
7.0
72
7.2
69
6.9
.6
5
5
5
.5
g
9
9
9
.9
3.4
3.5
3.5
3.3
6.8
6.7
7.0
7.8
8.6
8.9
9.6
10.0
10.2
9.9
.7
1.0
1.3
1.6
1.8
2.1
2.3
2.6
2.8
2.9
.9
1.1
1.3
1.6
1.7
1.9
2.0
2.0
2.1
2.2
.6
.8
1.1
1.1
1.6
1.9
2.1
2.4
2.3
2.5
3.3
3.3
3.5
3.6
3.7
3.7
3.6
3.6
3.5
3.6
9.7
9.8
10.1
9.7
9.3
9.1
8.7
8.4
8.2
8.3
3.1
3.3
3.5
3.5
3.6
3.8
4.0
4.2
4.6
5.3
2.4
2.5
2.7
2.8
3.0
3.2
3.4
3.6
3.8
4.1
6.5
6.8
6.9
7.5
3.0
3.7
4.8
6.4
3.7
3.7
3.7
3.6
8.6
9.1
9.1
9.0
5.9
6.6
7.3
8.0
4.5
4.8
5.1
5.3
1940
1941
1942
1943
1944
48,3
52 1
50.0
48 1
. . 49.1
41.9
45.1
43.1
41 6
42.3
12.0
12 9
12.9
12 8
13.3
2.7
29
2.9
28
2.7
1.5
16
1.6
17
1.8
.9
1.0
.9
9
1.0
1.6
19
.8
16
.8
2.5
2.7
2.8
28
3.0
.6
.6
.6
6
.5
1.1
14
1.4
14
1.4
3.1
3.8
4.4
49
5.1
4.8
47
4.6
44
4.4
4.5
46
4.4
43
4.7
.6
7
.7
6
.7
.1
2
.1
1
.2
3.7
41
4.1
41
4.6
5.5
61
5.1
44
4.2
3.3
37
2.3
15
1.0
.2
2
.2
1
.1
2.0
23
2.5
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
54.2
61.4
73.0
83.1
... 88.3
94.4
99.9
103.9
108.5
111.1
46.9
53.7
63.9
72.2
75.8
80.4
84.9
88.6
92.6
95.1
14.8
17.5
21.5
24.5
25.6
26.6
28.6
30.3
31.9
33.5
2.8
3.1
3.6
3.9
4.1
4.3
4.6
4.9
5.1
5.4
2.0
2.4
2.9
3.3
3.4
3.6
3.9
4.3
4.7
5.1
.3
.3
.4
.6
.8
2.0
2.2
2.4
2.6
2.9
.9
.9
2.2
2.7
3.1
3.5
3.8
4.0
4.1
4.0
3.4
3.5
4.0
4.8
5.4
5.9
6.4
6.7
6.9
7.0
.9
1.4
1.8
2.3
2.3
2.4
2.5
2.6
2.6
2.5
1.8
1.8
1.8
1.9
1.9
1.9
2.0
2.1
2.1
2.1
5.4
6.0
6.7
7.0
6.9
7.0
7.5
7.9
8.6
9.5
4.7
5.4
6.6
7.7
8.1
8.7
9.3
9.7
10.0
10.1
5.5
6.1
6.9
7.5
7.5
7.5
7.6
7.6
7.9
8.1
.7
1.0
1.4
1.7
1.8
1.9
2.1
2.2
2.4
2.4
.4
.7
2.3
3.1
3.3
3.6
3.6
3.7
3.9
4.1
5.2
6.0
7.3
8.3
8.9
9.8
10.8
12.1
13.3
14.3
4.8
5.9
7.4
8.9
9.3
10.2
11.0
10.7
10.5
10.2
.8
1.7
2.9
3.6
4.5
5.4
5.2
4.6
4.8
4.9
.2
.4
.5
.4
.5
.5
.4
.5
.6
.7
2.9
3.1
3.7
3.7
3.5
116.0
1955
120.9
1956
125.2
1957
1958 . . .125. 3
127.9
1959
131.4
1960
1961
132.8
1962
137.0
142.2
1963 150.4
1964
99.9
105.1
109.8
109.7
112.3
116.2
117.7
121.9
126.6
134.5
34.6
36.9
38.9
38.6
38.2
38.5
38.5
39.1
39.9
42.0
5.8
6.2
6.5
6.7
7.0
7.4
7.6
8.1
8.6
9.1
5.3
5.6
5.9
6.2
6.3
6.4
6.4
6.4
6.5
6.8
3.2
3.4
3.6
3.9
4.1
4.2
4.3
4.4
4.5
4.5
4.1
4.1
4.0
3.9
4.0
3.7
3.6
3.5
3.6
3.8
7.1
7.1
7.0
7.2
74
7.3
7.3
7.3
7.4
75
2.6
2.8
2.7
2.7
2.9
2,9
2.8
2.8
3.0
3.3
2.2
2.3
2.3
2.1
2.1
2.0
1.9
1.8
1.9
2.0
9.8
10.5
10.9
10.7
10.5
10.6
10.4
10.4
10.6
11.0
10.4
10.8
11.1
11.1
11.2
11.5
11.6
11.9
12.0
12.4
8.4
8.8
9.2
9.2
9.2
9.4
9.4
9.5
9.8
10.3
2.6
2.8
3.2
3.4
3.7
4.0
4.2
4.7
5.2
6.1
4.3
4.5
4.8
4.8
5.0
5.1
5.3
5.5
5.8
6.2
15.2
16.4
17.8
18.2
18.9
19.9
20.9
22.0
22.8
24.0
10.6
10.8
10.7
10.1
10.5
10.9
11.0
12.0
13.1
14.2
5.6
5.2
5.0
4.4
4.5
4.7
4.6
4.9
5.4
5.8
161.5
175.5
187.9
200.0
144.8
157.8
169.4
180 8
45.5
50.2
53.6
57.0
9.6
10.3
10.8
11. 1
7.3
7.8
8.2
84
4.6
4.8
5.5
63
4.0
4.5
4.7
48
7.8
8.2
8.6
88
3.6
3.9
4.5
4.6
2.0
2.1
2.2
2.3
11.7
12.6
13.5
13.9
13.1
13.9
14.6
15.2
11.0
11.9
12.8
13.7
6.9
8.7
10.7
13.1
6.7
7.2
7.7
8.1
25.6
27.5
29.2
30.5
15.8
17.6
18.5
19.8
1965
1966
1967 .
1968
28
2.8
o o
Mean age of gross stocks (years)
1925
1926
1927
1928
1929
1930
1931
1932.
1933
1934
8.8
9.0
8.8 ' 8.9
9.0
8.9
8.9
9.1
8.8
9.0
9.0
9.1
9.3
9.5
9.8
10.0
10.2
10.4
10.5
10.7
8.1
8.0
8.1
8.1
8.1
82
8.5
8.9
93
9.5
7.2
6.8
6.5
6.3
6.2
63
6.6
7.0
75
7.8
9.7
9.6
9.6
97
9.6
97
9.9
10.2
10 5
10.8
10 9
10 9
11.0
11 0
10 9
10 9
11 1
11 4
11 7
11 9
4.6
4.9
5.0
53
5.6
61
6.6
7.3
81
8.7
9.4
9.4
9.4
94
9.2
92
95
10.0
10 4
10.8
4.0
4.0
4.1
4.1
4.1
43
47
5.2
58
6.2
5.0
4.9
5.0
50
4.9
50
54
5.8
61
63
8.1
8.0
8.1
7.9
7.9
81
85
9.0
95
98
8.2
8.3
8.4
8.5
8.6
88
9.1
9.4
97
10.0
7.1
7.0
6.9
6.9
6.g
69
7.1
7.4
77
8.0
4.5
4.3
4.2
4.1
4.1
43
4.6
4.9
52
5.3
6.0
5.9
5.8
5.8
5.8
59
6.1
6.4
67
69
8.1
8.0
7.9
7.8
7.7
77
79
8.3
87
91
3.1
3.2
3.4
3.6
3.4
3.5
3.8
4.1
4.4
4.4
1.9
1.9
2.0
2.1
2.1
2.2
2.4
2.7
2.7
2.5
2.7
2V7
2.9
2.5
2.6
3.1
3.6
4.4
3.2
3.7
13.1
13.1
13.3
13.5
13.6
13.5
13.5
13.9
14.4
14.8
12.7
13.0
13.4
13.7
14.0
14.2
14.7
15.3
15.9
16.3
6.2
6.3
6.4
6.6
6.5
6.6
6.8
7.1
7.4
7.7
5.7
5.7
5.7
5.7
5.6
56
5.6
5.7
5.9
5.9
1935
1936 _ .
1937
1938
1939
1940
1941
1942
1943
1944
10.6
10.4
10.1
10.1
10.0
9.7
9.3
9.3
9.4
9.3
10.8
10.6
10.3
10.3
10.2
9.9
9.5
9.5
9.6
9.5
9.6
9.5
9.3
9.3
9.3
90
8.6
8.6
8.5
8.3
8.2
8.4
8.5
8.6
8.7
86
8.4
8.3
8.4
8.4
11 1
11.2
11.3
11 5
11.6
11 6
11 5
11.4
11 1
10.7
12 0
11 9
11 4
11 2
10 9
10 5
10 3
10 4
10 3
98
90
89
8.6
85
85
83
79
8.0
8.5
83
10 9
10 8
10.6
10 3
10 2
10 0
95
9.1
9.0
85
63
59
5.3
47
43
39
37
3.7
3.9
43
62
58
5.5
54
52
50
45
4.6
4.8
49
98
96
92
93
91
84
75
7.0
67
67
10 2
10 1
10.0
10 1
10 0
10 0
99
9.8
9.8
96
81
80
7.8
79
78
78
77
7.7
7.7
74
53
50
4.6
43
41
39
37
3.8
4.0
40
69
67
6.4
63
60
57
55
5^5
55
53
93
93
91
92
91
87
83
8.4
8.4
80
43
4.1
4.0
42
4.3
45
45
5.2
5.9
6.3
2.2
2.1
2.1
2.4
2.5
24
2.3
2.9
3.5
4.3
4.2
4.7
4.9
5.1
5.1
47
4.4
4.7
5.2
5.3
15.3
15.4
15.4
15.0
15.1
14 6
13.8
13.1
12.3
12.0
16.8
17.0
17.0
17.3
17.5
17.5
17.3
17.2
17.1
16.9
7.8
7.7
7.4
7.4
7.2
7.1
7.1
7.4
7.3
7.2
5.9
5.7
5.6
5.6
5.4
5.0
4.7
4.5
4.4
4.4
1945
1946 _
1947
1948 _
1949
1950 _
1951
1952.
1953
1954
8.8
8.3
7.5
6.9
6.6
6.4
6.3
6.3
6.3
6.4
9.1
8.4
7.6
7.0
6.8
6.6
64
6.4
6.4
6.5
7.9
7.2
6.5
6.1
6.1
6.1
60
6.1
62
6.3
8.2
77
7.2
69
6.8
67
66
6.5
64
6.4
10.2
93
8.4
78
7.5
73
71
68
66
6.5
86
87
83
77
74
70
70
69
7o
69
80
80
7.5
69
65
61
'5 8
57
56
58
80
78
73
67
64
63
63
63
65
68
35
29
27
27
30
33
36
38
41
44
46
48
49
49
51
52
52
52
53
54
66
64
62
64
67
69
7o
71
71
71
92
85
76
70
68
66
65
65
66
68
68
65
61
60
61
62
39
34
30
29
30
31
33
35
36
38
50
47
41
37
37
39
41
43
45
47
75
71
65
62
61
60
59
59
i8
59
6.2
58
5.2
47
4.6
44
43
4.4
46
4.7
4.9
35
2.5
2.2
2.2
2.1
22
2.4
25
2.6
4.7
3.0
2.9
3.2
3.3
3.7
41
4.0
4.0
4.0
11.5
11.1
10.1
10.0
10.1
10.3
10.3
10.3
10.4
10.7
16.7
16.6
16.0
15.0
14.0
13.5
12.8
12.2
11.8
11.8
6.2
5.3
4.5
4.1
4.0
4.1
4.1
4.2
4.4
4.7
4.4
4.1
3.9
3.7
3.7
3.8
3.9
4.1
4.3
4.4
1955
1956
1957 _
1958
1959
1960
1961
1962
1963 .
1964
6.5
6.5
6.6
6.7
6.8
6.9
7.0
7.0
7.0
6.9
6.5
65
6.5
6.7
68
68
6.9
69
6.9
6.8
6.4
65
65
6.8
70
72
7.4
75
7.5
7.5
6.4
63
64
65
65
66
66
67
67
67
66
67
68
70
73
76
78
81
83
83
69
71
72
73
75
78
80
83
86
88
57
58
60
62
62
65
66
67
66
65
70
73
76
7' 8
80
g' 2
8*5
86
8*7
88
45
45
45
44
43
43
44
44
43
41
54
53
52
54
54
54
55
55
55
54
73
73
74
77
79
81
83
84
85
84
69
70
72
75
77
78
80
81
82
82
68
68
69
70
70
71
71
71
71
70
48
49
48
49
49
49
49
49
49
48
60
61
61
63
65
65
66
66
67
67
47
47
48
49
49
48
47
45
44
42
26
28
30
33
34
33
33
33
3i
30
4.1
37
34
35
31
31
32
33
36
38
11.0
11 1
11 0
11.0
11 1
11 2
11 3
11 4
11 5
11 5
11.8
11 6
11.4
11.6
11 9
12 1
12.4
12 7
13 0
13 1
4.8
5.0
5.1
5.3
54
5.3
5.3
53
5.2
5.0
4.6
4.7
4.8
4.8
49
4.9
4.9
4.9
4.9
4.9
1965 _ _
1966
1967
1968
6.8
6.6
6.4
6.3
6.7
6.5
6.3
62
73
7.0
6.9
67
67
66
67
67
83
81
81
81
91
92
8*9
85
62
58
57
55
87
86
85
84
40
39
37
38
52
51
49
48
83
82
79
81
79
7g
7g
68
67
65
64
38
38
36
36
36
36
36
3g
36
35
34
32
31
30
47
46
45
45
66
65
64
64
41
40
40
40
28
28
2*8
28
37
36
34
31
11
11
11
11
3
2
0
1
13 0
12 8
12.9
13 0
49
4.8
4.7
47
4.8
4.8
4.9
5.0
7g
65
66
68
1. The sum of the detailed types of equipment may exceed the all industries total because the latter includes an allowance for receipts from the sale of scrap.
Source: U.S. Department of Commerce, Office of Business Economics.
US. GOVERNMENT PRINTING OFFICE: 1969 O—330-841
TAILO R
to help business . . .
BUSINESS
SERVICE
HECKLIST
A W&kty Gwi& to
Published weeklya 4 page, up-to-date listing of new
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CURRENT BUSINESS STATISTICS
J.HE STATISTICS here update series published in the 1967 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.50) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1963 through 1966 (1956-66 for major quarterly series), annually, 1939-66; for selected series,
monthly or quarterly, 1947-66 (where available). Series added or significantly revised after the 1967 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (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.
1965
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966 | 1967
1966
1965
IV
I
II
19681
1967
III
IV
I
II
III
IV
I
III
II
IV
Annual total
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
bil $
684 9
747 6
7897
710 0
728 4
740 4
753 3
768 2
772 2
780 2
795 3
811 0
831 2
852 9
871.0
r
do
432.8
465.5
492.2
447.4
457.8
461.1
469.3
473.7
480.9
490.3
495.5
502.2
519.4
527.9
541.1
'546.8
Durable goods, total 9
do
Automobiles and parts
do
Furniture and household equipment.- _ do
66 3
30.3
26.9
70 5
30.4
29.8
72 6
30.4
31.4
68 9
30.6
28.9
71 6
31.8
29.3
68 2
28.9
29 0
71 0
30.3
30 4
71 1
30.5
30 4
69 8
28.1
31 1
73 4
31.2
31 2
73 1
31.0
31 4
74 2
3l!4
31 8
79 0
34.6
33 3
81 0
35.4
33 9
85.1
38.1
35.4
'85.1
'38.2
'34.5
do
do
do
do
191 1
35.9
98.8
15 3
206 7
39 8
106.4
16 6
215 8
42 1
109 4
18 1
197
37
102
15
do
do
do
do
175 5
25.6
63 5
12.6
188 3
27.1
67 3
13 6
203 8
29.0
70 9
15 0
do _.
108.1
120.8
98 5
71.3
25 5
45.8
27.2
26 7
}ross national product, total f _
Personal consumption expenditures, total
Nondurable goods, total 9
Clothing and shoes _
Food and beverages
Gasoline and oil
_
.
Services, total 9
Household operation.
Housing
Transportation
Gross private domestic investment, total
Fixed investment _ _
Nonresidential
Structures
Producers' durable equipment
Residential structures
Nonfarm___
_ _
Change in business inventories...
Nonfarm
. . . .
do
do
do
do
do
do
do
do
_
Net exports of goods and services
Exports
Imports
9.6
86
6.9
887. 4
r
8
2
1
0
206 3
39 4
106 8
16 4
208
40
107
16
3
5
0
7
209 3
40 3
106 9
17 1
212
40
108
17
9
9
7
7
215 3
42 4
108 9
17 8
216 4
42 8
109 1
18 3
218 4
42 3
110 8
18 6
226 5
44 6
113 6
19 7
228 2
44 8
116 4
19 4
232.7
47.2
117.7
20.0
233. 7
r
46. 7
' r118.6
20 0
180 7
26.4
65 1
13 2
183 4
26.2
66 0
13 3
186 7
26.9
66 8
13 6
190 0
27.5
67 6
13 6
193 3
27.8
68 8
13 8
198 2
28.1
69 7
14 7
201 6
28.7
70 4
14 8
205 9
29.2
71 2
15 1
209 6
29.9
72 2
15 5
213 9
30.3
74 0
16 2
4J18 7
31.0
75 4
16 3
223.4
31.5
76 9
16.8
228 0
31.9
78 6
17.1
114.3
113.2
116.8
121.0
119 9
125.7
113 0
107 6
114 7
121.8
119.7
127 3
127.1
106 1
81 3
28 5
52.8
24.8
24 3
14 7
14 9
108 2
83 6
27 9
55.7
24 6
24 0
61
56
103 5
76 2
27 8
48.3
27 4
26 9
97
85
105 9
78 6
28 6
50.0
27 3
26 8
10 9
10 7
105 6
79 8
28 1
51.7
25 8
25 2
15 4
15 4
107 0
82 6
28 9
53! 7
24 4
23 9
12 8
13 3
105 9
84 2
28 2
55.9
21 7
21 1
19 8
20 2
104 6
83 5
29 0
54.5
21 1
20 5
8 4
83
105 4
82 7
27 2
55.5
22 7
22 1
2 3
2 2
109 3
83 3
27 7
55.6
26 0
25 4
53
48
113 5
85 0
27 7
57.3
28 5
27 9
83
7 1
117 6
88 6
29 g
59.0
29 1
28 5
2 1
16
116 5
87 0
28 5
58.5
29 5
28 9
10 8
10 4
119 6
90.1
28 8
61.3
29.5
28 9
75
7 3
5.1
6.0
8
4
3
9
202
39
105
16
r
136. 6
126 0
94 3
r
r 29 9
r
r 64.5
31 6
r ?! 0
r 10 6
r 9 7
T
3.3
do
do
do
39.2
32.3
43 1
38 1
48
45 8
41 0
40 5
34 5
6 0
42 1
36 1
52
42 6
37 3
4 5
43 6
39 1
4 5
44 2
39 7
52
45 5
40 3
51
45 5
40 4
5 4
46 1
40 6
34
46 0
42 6
15
47 5
46 0
2 0
49 9
47 9
52 6
49 4
Govt. purchases of goods and services, total, .do
Federal.
_ _
do
National defense
do
State and local
_
do
137.0
66 9
50.1
70 1
156.2
77 4
60 6
78 8
178.4
90 6
72 4
87 8
143.3
70 1
52 5
73 2
147.8
72 5
55 3
75 3
153.1
75 6
58 6
77 4
159.5
79 9
63 0
79 7
164.3
81 5
65 4
82 7
173.1
87 4
70 0
85 8
177.3
90 0
72 1
87 2
179.6
91 3
72 9
88 4
183.5
93 5
74 6
90 0
190.5
97 1
76 8
93 4
195.7
100 0
79 0
95 6
199.6
101 2
79 6
98 4
'203.0
r 101 7
80 0
T 101 2
By major type of product: f
Final sales, total
Goods, total
Durable goods
Nondurable goods
Services
_ _
Structures
do
do
do
do
do
do
675 3
337.6
133 0
204 7
262 9
74.8
732 8
367.5
145 7
221 8
288 0
77 3
783 6
390 8
156 4
234 5
314 8
77 9
700 3
351 1
138 5
212 5
271 0
78 2
717 5
360 5
143 3
217 3
277 5
79 5
725
362
142
220
284
77
0
6
2
4
7
7
740 4
371 0
147 3
223 7
292 3
77 2
748
375
150
225
298
74
4
3
2
1
1
9
763 8
381 5
151 1
230 4
306 3
76 1
778 0
391 8
157 1
234 7
310 9
75 3
789 9
393 6
157 3
236 2
317 5
78 8
802 7
396 5
159 9
236 6
324 7
81 5
829
412
166
246
330
85
1
8
7
1
4
8
842 1
417 6
169 1
248 5
339 2
85 4
863 5
429 5
175 1
254 4
347 6
86 4
r 876
T 432
r 177
r 254
r 353
r 90
do
do
do
9.6
14.7
10.2
4 5
6 1
3.0
31
97
4.6
51
10 9
7.6
33
15 4
9.9
55
12 8
10.5
2 4
19 8
13.6
6 3
8 4
3.3
50
2 3
.6
17
5 3
3.8
16
8.3
2.1
6.7
30
10 8
6.2
4 6
7 5
4.9
2 5
_
.
Change in business inventories
Durable goods
Nondurable goods..
.
4.2
41
1.5
6
10
r 50 1
r
49 1
8
4
g
6
7
7
r 10 6
••5.6
r5 0
GNP in constant (1958) dollars
ross national product, total t
bil. $._
617.8
657.1
673.1
636.6
648.6
653.3
659.5
687.1
665.7
669.2
675.6
681.8
692.7
703.4
712.3
' 718. 4
Personal consumption expenditures, total
do
397.7
417.8
430.5
409.2
415.7
414.8
420.0
420.6
424.8
431.2
431.8
434.1
444.9
447.5
455.7
' 455. 4
do
do
do
66.6
178 6
152 5
71 3
186 9
159 5
72 4
191 1
167 0
69 8
183 3
156 1
72 9
185 5
157 3
69 2
186 9
158 7
71 8
187 8
160 4
71 4
187 5
161 7
70 1
190 3
164 4
73 7
191 6
165 9
72 6
191 1
168 1
73 0
191 6
169 5
77.3
196 5
171 0
78 9
196 1
172 6
82 5
198 5
174 8
r 81 7
T 197 3
r 175 4
Durable goods
Nondurable goods
Services
_
Gross private domestic investment, total
do
99.2
108.8
99.5
103.4
106 1
109.5
107.4
112 3
99 8
94.2
99 3
104.7
101.5
107.3
105 8
r H3 1
Fixed investment
Nonresidential .
Residential structures ..
Change in business inventories
do
do
do
do
90 1
66 3
23.8
9.0
94 9
73 8
21 1
13.9
93 g
73 7
19 9
5.9
94 0
70 3
23 8
9.3
95 g
72 2
23 6
10.3
94 7
72 7
22 0
14.7
95 5
74 8
20 7
12.0
93 7
75 4
18 2
18.6
91 8
74 2
17 6
8.0
92 0
73 3
18 7
2.3
94 0
73 2
20 8
5.2
96 7
74 0
22 7
8.0
99 5
76 5
23 0
2.0
97 4
74 5
22 9
9.9
99 0
76 6
22 4
6.8
r IfM ^
r 7Q c
r 9^ Q
Net exports of goods and services
do
6.2
4.0
2.4
5.7
5.3
4.3
3.6
2.9
3.0
2.8
3.1
1.0
-.1
-.6
.7
Govt. purchases of goods and services, total do
Federal
do
State and local. _ .
do
114.7
57 9
56.8
126.5
65 2
61.3
140.7
74 8
65.9
118.4
59 6
58.7
121.5
61 8
59.6
124.7
64 0
60.7
128.5
66 9
61.6
131.3
67 9
63.4
138.1
72 7
65.4
141.0
75 i
66.0
141.4
75 6
65.8
142.0
75 6
66.4
146.5
78 1
68.4
149.2
80 1
69.1
150.1
7Q ^
'Revised.
* Preliminary.
1 Annual totals for 1968 for national income and product
and disposition of personal income appear on p. 9 ff of this issue of the SURVEY.
t Revised
series. Estimates of national income and product and personal income have been revised back
70 R
330-841 O - 69 - 3
-1.3
'151.2
r 7Q 1
r71 S
to 1965 (see p. 19 ff. of the July 1968 SURVEY for data beginning 1965); revisions prior to May
1967 for personal income appear on p. 28 ff. of the July 1968 SURVEY.
9 Includes data not
shown separately.
s-1
'9.6
'
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966 | 1967
Annual total
1967
1966
I
II
February 1969
III
IV
I
II
1968 «
III
IV
I
II
1969
III
IV
I
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
bil $
564 3
620 8
652 9
604 0
615 1
626 7
637.3
638.6
645.1
656.9
670.9
688.1
705.4
722.5
Compensation of employees total
do
393.8
435.6
468.2
420.6
430.8
441.4
449.7
456.7
461.8
471.5
482.7
496.8
507.1
519.7
Wages and salaries, total.
private
Military . .
_
Government civilian
do
do
do
do
358.9
289.6
12.1
57.1
35 0
394.6
316.9
14.6
63.1
41 1
423.4
337.1
16.3
70.0
44 8
381.0
306.7
13.6
60.6
39 6
390.2
314.0
14.2
62.1
40 5
399.8
320.8
14.9
64.1
41 5
407.2
326.0
15.5
65.7
42 5
413.3
330.2
15.8
67.2
43 4
417.6
332.8
15.9
68.8
44.2
426.3
339.4
16.1
70.8
45.2
436.4
346.0
17.1
73.3
46.2
448.3
355.7
17.5
75.2
48.4
457.6
362.8
17.8
77.0
49 4
469.0
479.0
370.9 ' 379. 2
18.8
18.9
79.1
81.1
51.7
50 7
do
do
do
do
57.3
42 4
14.8
19.0
60.7
44 8
15.9
19.8
60.7
46 3
14.4
20.3
61.5
44 5
16.9
19.5
60.8
44 7
16.1
19.7
60.2
44 7
15.5
19.9
60.2
45 2
15.1
20.0
60.1
45.7
14.4
20.1
60.5
46.1
14.4
20.2
61.2
46.6
14.6
20.4
61.1
46.8
14.3
20.5
61.8
47.2
14.6
20.7
62.6
47.8
14.8
20.9
63.4
48.0
15.4
21.0
76.1
83.9
80.4
82.7
83.4
84.2
85.3
79.5
79.6
80.2
82.3
83.8
89.2
91.6
8.7
67 4
39 3
16 6
22 8
10.2
73 7
42 8
18 8
24 i
10.3
70.1
39 2
18 0
21 2
9.8
72.8
42 9
18 5
24 4
10.2
73.2
42 6
18.8
23 8
10.4
73.8
42 7
19 0
23 6
10.4
74.9
43 3
18.8
24 5
10.3
69.2
39 3
18.3
21 0
10.2
69.5
39. 1
17.9
21.2
10.3
69.9
38.5
17.9
20 6
10.6
71.7
39 9
18.0
21 9
11.0
72.9
41.3
19.0
22 3
11.2
77.9
44 9
19.7
25 2
11.9
79.7
45 3
20.3
25 0
11 1
16.9
12 0
18.8
11.8
19.0
11.8
18.1
12.1
18.5
12.1
19.0
12.0
19.6
11.7
18.1
11.8
18.6
12.0
19.4
11.9
20.0
12.5
19.0
12.5
20.6
13.0
21.4
77 8
31 3
46 5
19.8
26 7
—1 7
18.2
85 6
34 6
51 0
21.7
29 3
—1 7
20.8
81 6
33.5
48 1
22.9
25 2
—1 2
23. 3
85 2
34.5
50 8
21.6
29 1
—2 6
19.8
85.6
34.6
51 0
21.9
29 1
—2 2
20.4
86 7
35.0
51 6
21.9
29 7
—2 5
21.1
85.0
34.4
50 7
21.6
29 1
3
22.0
79.9
32.8
47.1
22.5
24 6
-.4
22.2
80.3
33.0
47.3
23.2
24.1
-.7
22.9
80.8
33.2
47.6
23.5
24.1
-.6
23.6
85.4
35.1
50.3
22.5
27 9
-3.1
24.3
88.9
39.8
49.1
23.6
25 5
-5.1
25.0
91.8
41.1
50 7
24.4
26 3
-2.7
25.8
92.7
41.5
51.2
25.2
26.0
-1.0
26.7
538.9
65 7
473 2
444.8
28 4
586.8
75 3
511 6
478.6
32 9
628.8
82 5
546 3
506.2
40 2
570.4
70 4
500 0
470.5
29 5
580.3
74 7
505 5
474.2
31 4
592.1
76 8
515 4
482.5
32 9
604.5
79 2
525 4
487.3
38 1
614.8
80 5
534 2
494.6
39 7
621.6
80.1
541 5
504.5
37 0
633.7
83.6
550 0
509.5
40 5
645.2
85.6
559 6
516.1
43 4
662.7
88.3
574 4
533.5
40 8
678.1
91 9
586 3
542.3
44 0
708.2
694.3
101.6 ' 105. 8
592 7 ' 602.4
555.6 'r561. 6
37 i
40 9
National income total t
Proprietors' income, total 9
Business and professional 9
Farm
Rental income of persons
Corporate profits and inventory valuation
ment, total
By broad industry groups:
Financial institutions
Nonfinancial corporations total
Manufacturing total
Nondurable goods industries
adjustbil $
do
do
do
do
Transportation, communication, and public
utilities
bil $
All other industries
do
Corporate profits before tax total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest _
do
do
do
do
do
do
do
530.7
63.7
48.2
15.5
21.2
25.4
••-3.8
27.6
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income, total
Less* Personal tax and nontax payments
bil $
do
Less: Personal outlays©
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries!
Nondurable goods industriesi
bil $
do
_do
do
51.96
22.45
11.40
11.05
60 63
26.99
13.99
13.00
61.66
26.69
13.70
13.00
12.77
5.61
2.87
2.74
15.29
6.78
3.51
3.27
15.57
6.84
3.54
3.30
17.00
7.75
4.07
3.68
13.59
6.10
3.08
3.02
15.61
6.81
3.46
3.34
15.40
6.48
3.33
3.15
17.05
7.30
3.82
3.48
14.25
5.79
2.96
2.82
15.87
6.50
3.22
3.28
16.08
6.63
3.37
3.25
Mining
Railroad
Transportation, other than rail
Public utilities
Communication
Commercial and other
do
do
do___
do.
do
do
1.30
1.73
2.81
6.94
4 94
11.79
1.47
1.98
3.44
8.41
5 62
12.74
1.42
1.53
3.88
9.88
5 91
12.34
.33
.40
.75
1.60
1.26
2.83
.40
.55
1.00
2.09
1 42
3.06
.37
.48
.82
2.36
1 36
3.33
.38
.55
.86
2.36
1.58
3.52
.32
.41
.70
1.84
1.35
2.87
.34
.41
1.12
2.46
1.49
2.99
.37
.35
.98
2.66
1.46
3.09
.39
.36
1.07
2.92
1.62
3.39
.36
.37
.98
2.33
1.48
2.93
.36
.38
1.04
2.97
1.51
3.11
.34
.36
1.12
2.96
1.50
3.18
Seas. adj. qtrly. totals at annual rates:
All industries
Manufacturing
Durable goods industries^
Nondurable goods industries^
do
do
do.
do
58.00
25.60
13.15
12.45
60.10
26.80
13.85
12.95
61.25
27.55
14.35
13.20
62.80
27.75
14.50
13.25
61.65
27.85
14.20
13.70
61.50
27.00
13.75
13.25
60.90
26.15
13.50
12.65
62.70
26.00
13.50
12.55
64.75
26.35
13.65
12.70
62.65
25.80
12.80
13.00
63.45
26.65
13.65
13.05
Mining
_
Railroad
Transportation, other than rail
Public utilities
Communication
Commercial and other
do
do
do
do
do
do
1.40
1.75
3.30
8.25
5.35
12.35
1.55
2.00
3.50
8 30
5 50
12 45
1.45
1.85
3.40
8.55
5 60
12.85
1.45
2.35
3.50
8.50
5.95
13.30
1.40
1.80
3.05
9.20
5 75
12.55
1.30
1.55
3.90
9.70
5.80
12.25
1.45
1.40
4.10
9.80
6.05
11.95
1.50
1.40
4.45
10.65
6.05
12.65
1.55
1.65
4.35
11.60
6.35
12.85
1.40
1.45
3.65
11.65
5 90
12.80
1.60
1.55
1.35
1.50
1.80
1.40
5.35
4.30
4.60
11.45
13.20
10.90
6.15
12.35 3 19. 25 320.65
10 528
7,'l88
200
1 478
1 662
10 645
7,179
219
1 537
1*710
10 912
7,369
205
1 589
1 749
11 059
7,440
205
1 648
1,766
11 371
7,661
335
1 594
1,781
11 377
7,703
336
1 556
1,782
11 513
7,626
245
1 827
1,' 815
11 496
7,478
323
1 882
1,813
11 860
7,924
306
1 742
1,888
U8. 33 2 15. 62
6.50
7.86
4.03
3.28
3.22
3.83
.42
.40
1.32
3.13
.36
.41
.96
2.64
35.20
«4.74
167. 25 2 71. 15
28.10
29.60
14.15
15.10
13.90
14.50
U.S. BALANCE OF INTERNATIONAL
PAYMENTSd"
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil $
Merchandise, adjusted, excl" military
do
Transfers under military sales contracts
do
Income on U S investments abroad
do
Other services
do
39 197
26 244
830
5 894
6 229
43 144
29 176
829
6 252
6 887
45 757
30,468
1 239
6 859
7 191
12 557 pl3 247
8,325 p 8,840 P 8,243
362
p 405
1 950 v 2 048
1,920 p 1,954
Imports of goods and services
do
—32 296 —38 063 —40 988 —9 020 —9 336 —9 778 —9 929 — 10,078 — 10,108 —10,154 -10,648 -11,534 -11,965 p- 12,369
Merchandise, adjusted, excl. military..
_do
-21,516 -25^ 541 -26,991 -6',036 -6J263 -6,567 -6, 675 -6,686 -6,605 -6,541 -7, 159 -7,867 -8,320 p-8,578 p-8,46
-979 -1,072 -1,065 -1,098 -1, 104 -1,110 -1, 123 p-l,15C
—962
Military expenditures
do
—872
—923
—2 945 —3 736 —4 339
-704
—660
p— 735
—598
2 074
—560
—560
—575
563
556
Income on foreign investments in the U S do
2 293
476
479
1 729
Other services
do
—6 106 —6 712 — 7 365 — 1 636 — 1 671 — 1,693 — 1,712 -1,760 -1,878 -1,940 -1,787 -1,897 -1,818 p- 1,906
Unilateral transfers, net (excl. military grants);
-713
p-754
-641
-642
-845
-859
-730
-647
transfers to foreigners (—)
._
mil. $ -2. 834 -2. 925 -3.075
-845
-732
-701
r
©Personal outlays comprise personal consumption expenditures, interest paid by conRevised.
p Preliminary.
« See note 1 on p. S-l.
sumers, and personal transfer payments to foreigners.
1 Estimates for Oct.-Dec. 1968 based on anticipated capital expenditures of business.
2
§Personal saving is excess of disposable income over personal outlays.
Estimates for Jan.-Mar. 1969 based on anticipated capital expenditures of business.
IfData for individual durable and nondurable goods industries components appear in the
Anticipated expenditures for the year 1968 are as follows (in bil. $): All industries, 64.53;
Mar., June, Sept., and Dec. issues of the SURVEY.
manufacturing, total, 26.78: durable goods industries, 13.58; nondurable goods industries,
cf More complete details are given in the quarterly reviews in the Mar., June, Sept., and Dec.
13.19; mining, 1.49; railroad, 1.51; transportation, 4.46; public utilities, 11.38; communication,
issues of the SURVEY. Revised data back to 1960 appear on p. 32 ff. of the June 1968 issue.
6.26; commercial and other, 12.65.
»Includes communication.
fSee corresponding note on p. S-l.
9 Includes inventory valuation adjustment.
SURVEY OF CURRENT BUSINESS
February 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966
1966
1967
Annual total
S-3
I
1987
III
II
IV
I
1968
III
II
I
IV
II
1969
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 $
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
-4,298 -5,505 -1,011 -1,114 -1,010 -1,163
-975
-1,562
-1,535 -2,411
-708
-572
-501
-630
-788
-645
*-499
1,027
-419
-375
-181
904
-137
p-571
2,276
1,923
353
-34
1,150
-217
1,367
-243
2,780 *2,270
301
»530
2,479 v 1, 740
*444
-429
-1,742
-687
-164
'80
*958
247 -1,082
-556
1,528
'425
*262
-362
-496
-330
-347
-1,104 -1,788 -1,638
-1,448 p-1,768
-3792
1,222
568
52
424
68
82
-6
382
113
269
-317
3,323
789
2,534
-214
6,705
3,519
3,186
-535
484
206
278
-198
1,110
25
1,085
-145
594
219
375
231
1,135
339
796
-102
343
-522
865
-250
2,143
941
1,202
-458
1,943
1,177
766
207
-333
-505
-522
-802
-1,335
-1, 357 -3,571
-630
-93
-301
-1, 289
266 -3,405
-409
-116
692
1966
1967
Annual
99 -1,764
-806
1969
1968
1967
Dec.
-707
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.*
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCE t
Seasonally adjusted, at annual rates: t
Total personal income
586.8
628.8
652.6
654.9
663.0
670.0
672.6
678.2
683.7
689.2
694.1
699.7
703.2
708.0 ' 713. 5
715.1
394.6
159.4
128 0
93.9
423.4
166.6
134 1
100.5
444.2
173.0
139 1
103.8
443.0
173.1
140 0
104.5
449.7
176.6
141 6
105.9
452.2
177.0
142 2
106.5
453.2
176.7
141 6
106.9
457.5
179.3
144 3
107.4
462.2
179.9
145.6
109.7
465.4
180.6
146 0
109.9
468.7
181.1
146.3
111.2
472.8
183.3
147.8
112.1
474.9
184.7
148.8
112.1
478.9
186.1
149.7
113.3
' 483. 3
'188.5
' 151. 1
' 113. 2
485.7
188.9
151.9
114.3
do
do
. _ do
63 6
77.7
20.8
70 0
86.3
23.3
73 2
94.2
24.4
73 6
91.9
24.7
74.6
92.6
25.0
75.2
93.4
25.2
75.5
94.2
25.5
76.1
94.7
25.7
77.0
95.5
26.0
77.5
97.4
26.3
78.2
98.2
26.5
78.8
98.6
26.8
79.1
99.0
27.0
79.8 '80.7
99.6 '100.9
27.6
27.3
81.6
101.0
27.8
do
do
44.8
15 9
46.3
14 4
47.0
14 3
47.1
14 4
47.2
14.6
47.5
14 8
47.6
14.8
47.8
14.8
47.9
14.8
48.0
15.1
48.0
15.4
48.0
15.7
48.1
15.6
48.2
15.5
48.3
15.5
48.4
15.4
19.8
21.7
43.1
43 9
20.3
22.9
46.8
51 7
20.6
21.1
49.0
53 2
20.6
23.2
49.4
54 5
20.7
23.6
49.8
54.9
20.7
23.9
50.2
57 8
20.8
24.3
50.8
58.1
20.9
24.7
51.3
58.2
20.9
24.3
51.9
58.5
21.0
25.0
52.4
59.1
21.0
25.2
52.9
59.6
21.1
25.3
53.4
59.9
21.2
25.3
54.0
60.4
21.2
25.4
54.3
60.8
21.3
25.5
'54.7
'61.0
21.3
25.3
55.1
61.5
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. $..
17.8
20.4
21.2
22.1
22.4
22.4
22.6
22.8
22.9
23.1
23.2
23.3
23.4
23.5
23.5
25.3
566.1
609.3
633.0
635.1
643.1
649.9
652.4
658.0
663.4
668.7
673.3
678.6
682.2
687.0
692.5
694.1
Cash receipts from farming, including Government
payments, total t —
mil.$_. 46, 457
45,867
3,877 ' 3, 718 ' 3, 073 ••3,044 '2,964 '3,015 ' 3, 166 ' 3, 767 '4,774 '5,235 '5,654 '4,994 ' 4, 146
43, 180
18, 256
24 924
5,532
14, 859
4 149
42 788
18,383
24 405
5 770
14,630
3 640
3 833
1,921
1 912
488
1,098
295
3 660
1,604
2 056
485
1 247
283
2 889
953
1 936
461
1,179
256
2 870
854
2 016
505
1 191
287
2 846
812
2 034
512
1 218
268
2 981
835
2 146
541
1 287
282
133
132
135
132
133
132
142
167
124
r I3g
r JOS
r 107
r 106
r HI
r H7
r 135
140
133
83
126
75
131
71
132
73
139
104
127
133
136
120
121
120
194
124
124
137
162
119
r 1 V)
r 97
94
r 91
r 97
r 109
76
112
62
118
53
120
54
128
100
116
126
135
120
r 129
144
124
131
127
137
142
132
156.3
158.1
160.8
159.1
162.7
164.6
163.2
165.2
169.4
160.3
163.3
169.5
167.4
172.1
161.6
128 6
171 6
175.4
167.0
128 9
160 4
164.1
155.7
127 1
163.0
160.5
166.3
130.7
171.2
170.5 ' 173. 4
173.5 '174.4
170.6
'
173.
3
'
167. 2
170.5
122.8
126.8
128.6
162.6
153 7
178.5
145 9
181.6
168.8
161 2
184.5
153 8
185.1
159. 1
149 6
153.5
148 3
179.6
162.0
154 2
141.5
158 3
178.6
171.9 ' 172. 6 '
165.9 ' 167. 5 '
192.7 '
178.5
161.9 ' 159. 5
'183.6 '
184.6
Total nonagricultural income
do
FARM INCOME AND MARKETINGS J
Farm marketings and CCC loans, total
do
Crops
do
Livestock and products, total 9
do
Dairy products.
do
Meat animals
do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted: t
All commodities
1957 59—100
Crops
do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted: t
All commodities
1957 59 100
Crops
do
Livestock and products
do
r
3 148 3 613
1,522
1,189
1 959 2 091
523
494
1 110 1,255
299
323
3,676
1,488
2,188
483
1,333
355
r
137
130
142
4,070
1,744
2,326
477
1,455
377
' 151
152
151
r
4,957
2,745
2,212
485
1,351
358
4,097
1,953
2,144
516
1,233
364
' 196
238
164
184
240
144
153
171
139
182
228
148
173
233
129
144
172
122
5,258
2,725
2,533
499
1,641
376
INDUSTRIAL PRODUCTION d"
Federal Reserve Index of Quantity Output
Unadj., total index (incl. utilities) <f._ 1957-59 =100
By industry groupings:
Manufacturing, total
do
Durable manufactures
do
Nondurable manufactures ...
do
Mining
do
Utilities
do
By market groupings:
Final products, total. _
Consumer goods
Automotive and home goods
Apparel and staples
Equipment, including defense
do
do
do
do
do
158 6
164.8
150.8
120 5
173.9
159 7
163.7
154 6
123 8
184 9
162 6
169.3
154.3
122 0
160 1
166.1
152 5
120 2
164 2
168.9
158.3
123 7
166 4
170.5
161.2
125 3
165.1
169.4
159.8
127.3
155.5
147 5
166.5
141 4
172.6
158 3
148 5
159.0
145 1
179.4
161 1
150 5
174.7
142 8
183.9
159 1
148 9
168.3
142 8
181.0
162 4
153 4
174.7
146 6
181.7
164.8
156 2
179.8
148 7
183.4
160.8
151.7
175.1
144 2
180.4
Materials
do
160 5
162 8
157 8
159 1
157 0
Durable goods materials
do
154.2
151.7
156.1
151.9
156.9
Nondurable materials.
do
157. 2
163.9
167.0
lfifi.7
169.7
' Revised.
P Preliminary.
§ See note marked "cf" on p. S-2. t See corresponding
note on p. S-l.
J Series revised beginning 1960 (annual data for 1960-68 and monthly data
for 1965-68, for dollar figures only, now include Alaska and Hawaii, monthly data back to 1965
appear on p. 39 of the Jan. 1969 issue of the SURVEY.
' 170. 7 ' 169. 0 ' 167. 2
'168.6
' 173. 6
' 162. 3
' 126. 5
169. 4 166.8
161. 7 ' 157. 0
191. 2 182.0
152.3
185. 9 '188.0
167.0
167.9
171.7
163.1
125.1
167.3
158.7
183
185.7
166.9
167.5 ' 169. 0 ' 169. 0 '168.2
165 4
164 5
161 3
164 5
167 6
169 9
157
158.9 ' 159. 7 159.7
157.4
162.4
158.8
153.1
164.8
157.7
155.1
171. 5
173.0
172.2
175. 1
167.6
176.3
177.9 ' 179. 3 ' 178. 6 ' 176. 1 177
cf Revisions for 1966 appear on p. 20 of the Nov. 1967 SURVEY; those for Jan.-Aug. 1967 will
be shown later.
9 Includes data for items not shown separately.
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual
1969
1968
1967
Dec.
February 1969
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan. p
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION.?— Continued
Federal Reserve Index of Quantity Output— Con.
Seas, adj., total index (incl. utilities) <?_ 1957-59 = 100.
By industry groupings:
Manufacturing, total .
do
156.3
158.1
162.1
161.2
162.0
163.0
162.5
164.2
165.8
166.0
164.6
165.1 ' 166. 0
158.6
159.7
164.1
162.7
163.6
164.6
163.7
165.8
167.3
167.4
165.7
166.3
167.6
139.3
137.8
154.1
165.7
160.9
168.2
140.2
140.8
151.3
166.6
162.7
167.2
143.3
143.1
154.5
161.4
156.9
169.8
148.5
146.4
161.2
165. 0
159.8
171.0
148.6
148.4
150.4
166.1
161.8
170.8
145.8
146. 6
153.6
166. 2
15!). 7
167.8
122. 8
112.9
153. 9
166.3
159. 1
1*8. 7
169.3 ' 171. 5
120.6 ' 123. 1 ' 129. 5
in;. 3
108. 1 ••115.7
Ititf. -2 ' 174. 0 ' 175. 2
167.6
172. 2 ' 173. 5
165. 1 ' UK 3
161. 1
167.4
168.9
169.4
' 167. 8 ' 168.9 ' 170. 4
170.7
' 172. 8
' 137. 1
' 126. 6
181.7
' 174. 0
- 170. 9
172.8
140
128
do
do
do
do
do
do
164.8
142.7
136.2
166.2
163.0
158.8
163.7
132.5
126.8
153.2
161.9
158.1
168.1
140.9
140.9
145.2
162.4
160.0
167. 2
136.3
134.2
145.6
163.9
159.4
Machinery.
_do
Nonelectrical machinery
do
Electrical machinery.
_
do
Transportation equipment 9
- - do
Motor vehicles and parts
do
Aircraft and other equipment
do
183.8
181.9
186.4
166.9
168.7
165.0
183.4
183.4
183.3
165.7
146.5
182.1
182.2
179.5
185.8
177.5
166.9
186.3
183.4
180.7
186.9
175.6
162.2
186.8
183.2
180.6
186.6
175.1
161.1
186.5
183.3
180.2
187.3
177.6
167.8
185.4
179.4
176.9
182.8
175.3
164.8
183.5
179.9
176.6
184.2
180.4
173.6
185.4
181.7
178.8
185.5
182.6
174.2
188.6
182. 7
179. 8
186.5
183. 2
174.3
189. 3
183.8
179. 1
190. 1
181.7
175.4
185.7
186.4
182. 6
191. 4
isu. 5
173.5
184.7
186.1
183.7
189. 3
18(i. 4
177. 0
181.0
' 188. 0
' 185. 5
' 191. 3
' 180. 2
' 177. 7
' 179 0
'
'
'
'
189.2
187.2
191. 8
178. 2
174. 5
178. 5
190
188
194
176
172
175
Instruments and related products _ do
Clay, glass, and stone products
do
Lumber and products
do
Furniture and fixtures
do
Miscellaneous manufactures
do
176.5
140.7
119.4
171.9
157.9
184.8
138.7
116.9
167.7
157.3
186.3
143.6
125.7
170.7
155.7
186.7
140.8
118.1
171.3
158.9
184.7
137.3
119.3
173.0
160.7
183.8
131.0
125.0
173.7
159.9
181.4
146.1
123.9
174.1
158.8
181.2
146.4
122.7
178.9
160.6
181.3
145.1
123.4
178.0
160.9
179. 2
145. 2
120.6
177.8
161.1
182.6
147.5
114.7
178.6
161.4
184. 3
150. 0
119.4
179. 7
162. 0
185. 8
' 151. 8
119.4
180.4
162. 1
* ISS. 5
* 150. 4
<• 126. 0
'r 18L 7
162. 5
•• 189. fi
' 151. 1
126. 0
' 182. 9
' 164. 8
190
151
do
do
do
do
do
150.8
142.5
150.1
111.7
152.1
154.6
142.0
147.6
106.3
153.6
159.0
151.9
150.9
114.8
157.4
157.1
147.6
145.2
110.4
155.9
158.6
148.8
146.4
109.7
157.1
160.0
149. 9
148.5
113.7
159.2
159.5
146.3
148.9
114.6
159.5
160.8
147.2
149.6
118.0
161.1
162. 7
148.8
151.4
115.8
162. 9
163.0
150.9
150.4
107.0
164. 1
163.0
151. 4
149. 0
109. 5
164. 1
163.3 ' 165. 9 T 165. 6
152. 0 ' 153. 3 ' 155. 0
149. 9 r 152. 1
152. 6
109. 3 ••113.0
111.6
166. 1 ' 166. 7 ' 170. 1
r 167.
168.2
do
do
do
do
do
142.1
134.2
193.2
221.0
128.3
146.8
134.2
203.8
236.0
133.4
144.1
129.9
211.4
249.4
137.9
143.3
129.9
211.8
250.9
134.8
145.9
131.4
213.8
251.8
135.7
146.8
133.7
215.0
252. 7
136.1
145.8
130.8
215.2
256.2
137.3
149.8
134.4
216.6
255.5
139.9
149.6
134.7
219. 3
258.0
140.6
149. 5
134. 7
222.4
264.4
139. 5
151. 1
137.7
221. 0
262. 7
140.7
150. 0
140. 9
2°° 4
263! 2
141.9
do
do
do
do
191.9
128.7
126.6
139. 9
120.0
193.5
132. 6
130.1
146.0
120.3
215.4
134.4
130.5
155.5
120.5
206.7
133.5
130.7
148.2
114.4
212.3
133. 2
130.7
146.7
132.1
215.7
134.5
131.4
151.2
122.9
209.4
135.3
131.9
153.3
112.1
214.3
134.0
131.9
145.0
120.0
218.0
135.5
132.2
153.1
122.8
222. 4
135.1
132.7
147.9
123.4
223. 1
135. 3
131.5
155.7
123. 1
223.4
225. 8
227.5
135.4 ' 137. 3 ' 136. 1
131.5 ' 133. 3 r 132. 8
156. 0 ' 158. 6 153.7
124. 0
120.8
119.9
do
do
._ ._ . do
do
_ do
do
120.5
117.0
118.0
119.3
133.4
133.5
123. 8
120.4
123.1
126.3
120.3
135.4
122.8
119.2
123.5
126.4
97.1
142.7
121.6
113.4
123.6
127.4
100.0
135.3
123.9
116.8
124.5
129.7
102.8
145.0
126.2
126.0
126.0
130.9
108.7
141.2
127.1
124.4
124.8
128.7
139.9
137.1
126. 9
120.4
126.6
131.2
131.4
135.0
129.2
126.7
128. 4
132.4
130.8
136. 9
130.0
126. 6
129. 2
134. 0
134.1
137.1
129. 4
121. 3
12' (.3
134. 8
134. 5
137. 5
127.0
120. 8
126. 8
131. 2
127.7
136.5
do
do
do
173.9
179.6
1,56.1
184.9
191.8
163.0
192.6
200.8
166.8
196.7
205.2
169.8
199.0
207.3
172.8
198.0
206.4
171.8
196.5
204.9
170.0
196.1
205.0
168.4
197. 9
207.0
Igq 2
199. 3
208. 2
171 3
202. 1
211. 5
172 6
204.8 ' 208. 9 ' 207. 3 r 209. 5
214.7 ••219. 3
216.7
211.0
By market groupings:
Final products, total d"
do
Consumer goods
.
. _
do
Automotive and home goods
___do_ _
155.5
147.5
166.5
158.3
148.5
159.0
162.1
153.0
169.0
160.8
151. 3
167.0
162.0
152.9
167.9
163.5
155.0
173.1
161.7
153.5
169.5
163.0
154.6
173.6
165.2
156.8
176.4
164.7
156.4
175.2
164. S
15H. S
175. ti
165. 7 ' 167. 0 r 167. 9
157. 3 ' 159. 6 ' 159. 3
175. 8
177. 6 ' 179. 5
168.4
160.0
178.1
168.9
160.6
179
Automotive products
Autos
Auto parts and allied products
Home goods 9
Appliances, TV, and radios
Furniture and rugs
do
do
do
do
do
do
163.0
169.5
154.4
168.9
166.6
165.7
149.1
145.7
153.6
166.0
159.6
159.6
170.0
175.1
163.3
168.3
158.7
166.5
164.2
163.2
165.4
169.1
159.3
166.4
162.7
158.0
168.8
171.5
162.6
169.2
173.4
172.7
174.4
172.9
164.8
169.9
168.7
166.8
171.2
170.1
156.8
170.1
178.1
182.3
172.6
170.4
156.7
174.6
180.7
183.5
177.1
173.4
161.6
174.8
180.4
183.7
176.1
171.5
161.8
174.5
177.1
182.4
170.2
174.6
168.0
174. 0
175.6
177.4
173.2
175. 9
170. 4
175. 5
178.9
180.3
177.0
176.7
171.8
174.2
178.2
174.5
183.0
178.0
167.2
180.7
177
171
Apparel and staples
do
Apparel, incl. knit goods and shoes__do
Consumer staples
do
Processed foods
do
141.4
139.5
142.0
126.4
145.1
136.2
147.6
130.0
147.9
139.2
150.4
130.4
146.2
136.5
149.0
129.5
148.1
137.3
151.2
130.6
149.2
140.3
151.7
131.3
148.3
139.9
150.7
131.2
148.6
139.5
151.2
131.0
150.6
140.8
153.4
132.2
150.4
139.4
153.5
132.9
150.7
139.8
153.9
132.5
151. 5
139. 6
154.9
132.5
r 142. 3
r 157. I
r 133. 2
Beverages and tobacco
do
Drugs, soap , an d toiletries
do
Newspapers, magazines, books.. _do
Consumer fuel and lighting
do
133.2
173.5
136.5
159.9
137.4
182.7
140.1
168.9
143.7
184.3
138.5
177.5
136.8
184.2
138.4
176.9
141.8
185.9
141.5
179.6
141.7
187.5
142.1
179.4
139.4
186.1
142.1
177.3
136.6
190.0
145.3
177.0
142.9
192.0
143.6
180.8
139.6
192.6
144.2
180.8
144.7
190.6
143.6
182.6
145. 2
193.6
140. 7
186.0
' 145. 9 142.3
199. 8 '200.4
145.8 ' 146. 0
188.7
186.4
E quipment , including defense 9
do
Business equipment
do
Industrial equipment
do
Commercial equipment
do
Freight and passenger equipment ..do
Farm equipment
do
172.6
181.2
172.3
190.1
208.3
167.5
179.4
182.8
170.2
200.9
215.4
158.7
181.5
183.4
168.9
204.7
228.4
131.2
181.4
183.3
168.0
204.2
226.4
148.3
181.6
182.9
165.8
206.1
230.1
146.4
181.8
183.3
167.0
205.4
227.8
150.6
179.4
180.9
165.9
204.4
220.8
140.3
181.1
182.5
165.8
203.6
231.5
145.1
183.2
184.3
168.0
204.6
234.0
144.2
182.6
183.4
167.5
202.4
234.3
139.6
181.9
182.4
164.7
204.6
233.2
145.8
183.6
185. 2
167.8
205.9
235.6
152.9
' 183. 0
' 186. 8
170.2
' 207. 3
' 234. 3
155.3
' 186. 6 ' 186. 4
••191.4 ' 191. 0
r
174.3
174. 0
' 208. 7 206.3
' 247. 4 247.0
155.7
186.5
193
do
do
do
do
do
157.0
156.9
166.5
180.7
141.7
157.8
151.9
143.9
184.5
139.6
162.0
155.1
159.4
184.9
142.1
161.7
154.9
162.3
183.9
142.8
161.8
155.4
162.2
186.7
144.8
162.8
156.7
160.1
185.1
145.8
163.1
157.1
154.6
181.9
144.4
165.2
159.4
163.0
183.6
145.3
166.7
160.4
166.2
184.8
145.6
167.4
159.8
167.7
185.8
143.7
164.2
153.3
153.5
185.3
143.3
165.1 ' 165. 7 ' 167. 6 ' 169. 7
153.3 ' 155. 4 r 157. 7 ' 159. 9
166.1
166.5 'T 169. 6 164.9
185.1
188.7
184.7
187. 7
145.5
146.3 ' 148. 5 149.0
170.1
160
do
do
do
do
157.2
149.0
145.6
150.6
163.9
152.9
148.5
155.1
169.2
154.7
152.0
156.0
168.7
154.4
154.3
154.5
168.3
151.1
144.5
154.4
169.1
150.1
142.8
153.8
169.3
152.0
150.9
152.6
171.2
154.5
155.6
154.0
173.9
159.0
158.9
159.0
175.3
157.9
156.0
158.8
175.5
158.4
154.2
160.5
177.2 ' 176. 4 ' 177. 7 ' 179. 9
161.1 ' 162. 3 '164.5
163.9
163.4 ' 167. 4 ' 169. 2 165.4
r
163.2
'
162.
1
160.0
159. 8
180
136.6
144.3
122.5
129.2
172.9
183.3
note on p. S-3.
146.2
129.3
188.9
147.2
128.9
193.4
149.1
131.4
194.4
154.3
150.2
151.7
153.2
150.8
154.1
133.7
136.9
136.6
134.3
132.6
136.4
198.2
200.3
194.6
193.6
196.7
197.0
9 Ineludes d ata for ite ms not shown se]parately.
153.3 r 149. 3 ' 152. 6 ' 152. 8
134.1
126.0 ' 131. 4 131.0
202.8 ' 206. 3 206.1
153
131
Durable manufactures 9
Primary metals
Iron and steel
Nonferrous metals and products
Fabricated metal products
....
Structural metal parts
Nondurable manufactures. .
Textile mill products
Apparel products
Leather and products
Paper and products
Printing and publishing
Newspapers,
_
Chemicals and products
Industrial chemicals
Petroleum products
_
Rubber and plastics products
Foods and beverages
Food manufactures
BeVerageS
(JQ
Tobacco products
Mining
Coal
Crude oil and natural gas..
Crude oil _
Metal mining
Stone and earth minerals
Utilities .
Electric
Gas
'
Materialsc?
Durable goods materials 9 .
Consumer durable
Equipment
Construction
Nondurable materials 9 _ _ _
Business supplies
Containers
General business supplies
_
Business fuel and power 9
do
Mineral fuels
do
Nonresidential utilities
do
r
Revised.
* Preliminary.
<f See correspondirig
4
171.8
152.8
142. 1
r 155.9
r
132. 0
152
137.7
134.5
120. 7 ' 126. 4 r 127. 7
86.6
115.9 ' 118. 3
125.5 * 126. 3 125. 7
129.1 r' 128. 6 127. 8
138. 2
' 125. 1 r 135. 1
132. 2
135. 5
146.4
' 153. 9
184
165
156.0
151. 2 ' 152. 3 ' 152. 3
140. 8
138.4
139.5
* 227. 8 ' 224. 8 229. 8
' 268. 2 260.3
r 142. 2
' 142. 2 142.2
' 181. 2
180. 6
' 182. 1
'r 178. 3
171.8
' 177. 0
173
163
126.9
115
126
128
" 157.8 "158""
134.5
201.0
147.5
SURVEY OF CURRENT BUSINESS
February 1666
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
Annual
1967
Dec.
S-5
1968
Jan.
Feb.
Mar.
Apr.
May
June
1969
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES §
mil. $
U,046,213 11,067,539 96,953
86,378
90,002
95,315
95, 757
98,459 100,011
94,408
96,310
98,605 103,413 '101,513 103, 281
do
U,046,213 11,067,539 91,970
93,077
93,821
94,612
94,436
96,043
97,554
98,496
97,360
99,096 '99,654 '100,115 98, 462
Manufacturing, total o*
.
Durable goods industries
Nondurable goods industries
do
do
do
1538,506 1548, 542
295, 624 299,680
242, 882 248, 862
47,961
26, 610
21, 351
48,447
26,925
21, 522
48,356
26, 711
21,645
48,446
26,844
21, 602
48,755
26,888
21, 867
50,014
27,509
22,505
50,729
27,633
23,096
51, 425
28,211
23,214
49,825
26,837
22,988
51,441
27, 985
23,456
52,560 '52,548
28,960 '28,786
23,600 '23,762
51, 514
27, 787
23, 727
Retail trade, total d"
Durable goods stores
Nondurable goods stores
do
do
do
1303,956 1313,809
98,301 100, 173
205, 655 213, 636
26,368
8,422
17, 946
26,936
8,502
18,434
27, 512
8,871
18,641
28,145
9,062
19,083
27,675
8,871
18,804
28,132
9,081
19, 051
28,451
9,290
19, 161
28,802
9,402
19,400
29,037
9,567
19, 470
28,863 '28,676 '28,779
9,699 '9,372 '9,272
19,164 19,304 '19,507
28, 083
9,074
19,009
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
do
do
do
1
17,641
7,980
9,661
17,694
7,892
9,802
17,953
8,171
9,782
18,021
8,141
9,880
18,006
8,163
9,843
17,897
8,058
9,839
18, 374
8,152
10, 222
18, 269
8,309
9,960
18, 498
8,301
10, 197
18, 792
8,554
10,238
18, 865
8,833
10,032
Mfg. and trade sales (unadj.), total c?
Mfg. and trade sales (seas, adj.), totald"
203, 751 i 205,188
90,447
91, 026
112, 724 114, 741
18, 418 '18,788
8,536 '8,764
9,882 '10,024
Mfg. and trade inventories, book
value, end of year
or month (unadj.), total d1
mil. $
135,513
142, 213 142,213 143,308 144,921 146,430 148,157 149,140 148,890 148,138 148,320 149,122 152,201 '153,987 151,816
Mfg. and trade inventories, book value, end of year
or month (seas, adj.), totald* -mil. $
137, 184
143, 772
78, 125
49, 797
28, 328
38,368
17,309
21, 059
L'0. 691
12, 112
8,579
82,819
53,540
29,279
39, 318
17,403
21, 915
21, 635
12, 543
9,092
82,819
53,540
29,279
39, 318
17,403
21,915
21,635
12,543
9,092
82,890
53,525
29,365
39, 575
17, 566
22,009
21,641
12,433
9,208
83,408
54,009
29,399
39,788
17,709
22, 079
21,623
12,446
9,177
83,759
54,295
29,464
39, 776
17,723
22, 053
21,618
12, 509
9,109
84,382
54,724
29,658
40, 242
18, 113
22, 129
21,863
12, 777
9,086
85,278
55,234
30,044
40,606
18,248
22,358
21,924
12,664
9,260
85,582
55,442
30, 140
40,842
18, 440
22, 402
22,098
12, 775
9,323
Manufacturing, total c?
Durable goods industries
Nondurable goods industries
Retailtrade, total 1 . ..
Durable goods stores
Nondurable goods stores
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
Inventory-sales ratios:
Manufacturing and trade, total cf
do
do
do
do
do
do
do
do
do
ratio
Manufacturing total of
do
Durable goods industries
do
Materials and supplies
do
Work in process. .
do
Finished goods
do
Nondurable goods industries
do . .
Materials and supplies.
_ _ . io.
Work in process
do
Finished goods
do
Retail trade, total d"
do
Durable goods stores
do
Nondurable goods stores. . .
do
Merchant wholesalers, total
do
Durable goods establishments.. . . . .. <3"
Nondurable goods establishment^
.do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:
Durable goods industries:
Unadjusted total
mil $
Seasonally adj., total*
do
143,772 144,106 144,819 145,153 146,487 147,808 148,522 149,063 149,923 150,725 152,122 '152,936 153,651
85,829
55, 461
30,368
41,065
18, 475
22, 590
22, 169
12,923
9,246
86, 713
56,069
30,644
41, 010
18, 501
22,509
22,200
13,166
9,034
87,109
56,458
30,651
41, 424
18, 622
22, 802
22,192
13, 064
9,128
87, 566
56, 657
30,909
42, 220
19, 165
23,055
22, 336
13, 218
9,118
'87,947 88, 438
'56,953 57, 329
'30,994 31,109
42,488 42, 750
19,361 19, 461
23, 127 23,289
'22,501 22,463
'13,332 13, 277
9,186
' 9, 169
1.48
1.58
1.56
1.55
1.54
1.63
1.55
1.54
1.52
1.51
1.54
1.52
1.53
1.53
1.56
1.62
1.85
.58
.81
.46
1.34
.54
20
.60
1.44
2.00
1.18
1.14
1.49
.85
1.77
2. 08
.62
.94
.52
1.40
'*!
.64
1.47
2.03
1.21
1.22
1.61
.91
1.73
2.01
.59
.93
.50
1.37
.53
.21
.63
1.49
2.07
1.22
1.23
1.57
.94
1.71
1.99
.58
.92
.50
1.36
.53
.21
.63
1.47
2.07
1.19
1.22
1.58
.94
1.72
2.02
.59
.93
.50
1.36
.52
.21
.63
1.45
2.00
1.18
1.20
1.52
.94
1.73
2.02
.59
.93
.50
1.36
.52
.21
.64
1.41
1.96
1.16
1.20
1.54
.92
1.73
2.04
.60
.94
.50
1.36
.51
.21
.64
1.45
2.04
1.18
1.21
1.57
.92
1.71
2.01
.60
.92
.49
1.33
.50
.20
.63
1.44
2.01
1.17
1.23
1.57
.94
1.69
2.01
.60
.92
.49
1.30
.49
.20
.61
1.44
1.98
1.17
1.20
1.57
.91
1.67
1.97
.59
.89
.48
1.31
.49
.20
.62
1.43
1.97
1.16
1.21
1.56
.93
1.74
2.09
.63
.95
.51
1.33
.50
.21
.63
1.41
1.93
1.16
1.20
1.59
.89
1.69
2.02
.60
.92
.50
1.31
.49
.20
.62
1.44
1.92
1.19
1.18
1.53
.89
1.67
1.96
.58
.89
.49
1.31
.49
.20
.62
1.47
2.04
1.19
1.21
1.55
.92
1.67
1.98
.58
.91
.49
'1.30
'.48
.20
.62
1.48
2.09
1.19
1.20
1.52
'.91
1.72
2.06
.60
.95
.52
1.31
.49
.21
.62
1.52
2.14
1.23
1.19
1.50
.92
11, 436
12, 853
1,337
1,204
1,139
1,210
1,137
1,175
1,169
1,091
1,203
1,184
1,268
1,223
1,256
1,222
1,180
1,314
1,152
1,261
1,275
1,293
1,370 ' 1, 399
1,356 '1,378
1,360
1,232
50, 227
do
538,506
548,542
46,923
45,421
48,976
50,491
50,068
50,596
53,163
47,378
47, 967
52,950
54,016 '52,495
Durable goods industries, total 9
Stone, clay, and glass products
Primary metals
Blast furnaces steel mills
Fabricated metal products
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products
do
do
do
do
do
do
do
do
do
do
295, 624
14, 634
49,530
24,544
30, 913
46,682
40,799
75, 278
47. 140
8,841
299,680
14, 479
45, 867
22,846
31, 443
52,066
41,443
74, 863
43,096
9,500
26,644
1,182
3,766
1,926
2,673
4,748
3,717
7,295
4,120
862
25, 137
1,088
3,872
2,042
2,586
4,225
3,303
6,815
4,051
815
27, 070
1,154
4,189
2,218
2,770
4,794
3,601
6,971
3,997
864
28,290
1,204
4,411
2,362
2,864
5,026
3,708
7,310
4,207
922
27,834
1,348
4,584
2,416
2,865
4,930
3,403
6,993
3,976
880
28,283
1,373
4,663
2,457
2,900
4,808
3,361
7,410
4,423
909
29,606
1,402
4,852
2,617
3,015
5,165
3,717
7,466
4,395
994
25, 612
1,297
4,352
2,554
2,703
4,376
3,151
6,086
3,0%
860
24, 692
1,403
3,536
1,497
2,896
4,519
3,389
4,976
2,126
955
28,404
1,449
3,912
1,579
2,965
5,029
3,754
7,067
4,018
1,062
29,541
1,496
4,125
1,754
3,079
5,094
3,681
7,835
4,749
1,025
'28,831
' 1, 325
' 4, 051
1,698
'2,852
' 4, 968
'3,692
' 7, 932
' 4, 665
' 1, 043
Nondurable goods industries total 9
Food and kindred products
Tobacco products
Textile mill products _ .
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
do
do
do
do
do
do
do
do
242, 882
79,729
4,772
19,608
20, 411
40, 797
20, 403
11, 978
248, 862
83, 017
4,768
19, 241
21, 120
42, 347
21, 211
12, 597
20, 279
6,967
399
1,637
1,776
3,218
1,773
1,007
20,284 21,906
6,716
7,084
359
386
1,597
1,795
1,795
1,917
3,452 3,684
1,733
1,815
1,014
1,108
22, 201
7,151
406
1,767
1,979
3,816
1,821
1,134
22,234
7,014
387
1,736
1,981
4,019
1,787
1, 232
22,313
7,233
421
1,765
2,014
3,969
1,811
1,245
23,557
7,680
437
1,892
2,123
4,127
1,955
1,252
21,766
7,455
419
1,585
1,901
3,588
1,837
1,099
23,275
7,729
438
1,819
2,041
3,940
1,884
1,160
24,546
8,251
423
1,981
2,186
4,204
1,897
1,221
24,475
8,115
412
1,956
2,174
4,109
1,905
1,321
'23,664 22, 534
7,818
'7,997
413
'420
1,718
' 1, 863
1,989
' 2, 077
' 3, 923 3,578
1,870
' 1, 910
' 1, 239 1,250
Shipments (seas, adj.), total d11
By industry group:
Durable goods industries total 9
Stone, clay, and glass products
Primary metals
Blast furnaces, st -el mills
Fabricated metal products
Machinery except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products
do
47,961
48,447
48,356
48,446
48,755
50,014
50,729
51, 425
49, 825
51,441
52,560 '52,548
do
do
do
do
do
do
do
do
do
do
26, 610
1,319
4, 027
2,140
2,786
4,693
3, 624
6,686
3,748
816
26, 925
1,285
4, 012
2,114
2,889
4,639
3,556
6,903
3,938
921
26, 711
1,303
4,056
2,158
2,789
4,647
3,560
6,703
3,821
888
26, 844
1,257
4,119
2,165
2,813
4,678
3,578
6,746
3,766
903
26,888
1,330
4,263
2,194
2,814
4,685
3,473
6,689
3,701
892
27,509
1,329
4,423
2,288
2,841
4,657
3,475
7,020
4,092
923
27,633
1,263
4,603
2,504
2,811
4,749
3,601
6,801
3,879
944
28, 211
1,280
4,741
2,720
2,898
4,740
3,503
7,148
3,874
926
26,837
1,295
3,662
1,516
2,799
4,853
3,503
6,906
3,966
969
27, 985
1,347
3,963
1,626
2,859
5,075
3,545
7,227
4,188
999
28,960
1,390
4,220
1,835
3,005
5,194
3,529
7,555
4,329
989
Shipments (not seas, adj.), totald"
21, 351 21, 522 21,645
Nondurable goods industries total 9
do
7,141
Food and kindred products
do
7,036
7,066
Tobacco products
do
402
405
396
Textile mill products . .
do
1,742
1,750
1,780
1,884
Paper and allied products
.. do . . .
1,855
1,900
Chemicals and allied products
do
3,611
3,664
3,586
Petroleum and coal products
do
i
1,762
1,774
1,808
Rubber and plastics products
do
1,075
1,095
1,046
r
2
Revised.
1 Based on data not seasonally ;i«ljusted.
Advanc e estimsite.
§1Phe
term "business" here includes only inamifaetnrir.p ami trade; business n ven tor es as she wn
on p. S-l cover data for all types of producers, both '"arm and nonfarm. Unadjus ted data for
manufacturing are shown below and on p. S-6; those for wholesale and re tail trade on pp. £ -11
and S-12.
cTFeries revised to reflect l»euclm>iirkiiis? manufacturing d ata to an nual sur vey
manufactures
Digitizedoffor
FRASER totals for 1961 to lw*» m.i v'iirvwer forward the revisec I levels t o June 1968,
and to reflect revision of the retail sai-v xiinj.ie. Oou pU te details and data bac k to 1961 for
27, 693
1,240
3,939
1,714
2,700
5,097
3,635
7,293
3,930
1,031
51, 514
'28,786 27, 787
1,378
' 1, 334
' 4, 180 4,182
1,902
1,807
2,807
'2,896
4,992
' 5, 185
' 3, 586 3,554
' 7, 568 6,840
' 4, 238 3,717
974
' 1, 028
21,602 21, 867 22,505 23,096 23,214 22,988 23,456 23,600 '23, 762 23, 727
7,112
7,267
7,721
7,499
7,754
7,812
7,869 '8,003 8,019
7,095
420
'418
421
411
394
399
418
421
413
408
1,822
1,804
1,804
1,722
1,741
1,746
1,848
1,867
1,805 '1,788
1,952
2,023 2,045 2,056
2,016
2,117
2,112 ' 2, 089 2,073
1,913
4,014
4,061
4,061 ' 4, 139 4,000
3,619
3,811
3,966
3,881
3,697
1,875
1,824
1,856
1,911
1,869
1,884
1,890 ' 1, 919
1,824
1,803
1,296
1,204
1,221
1,086
1,161
1,182
1,276 ' 1, 279
1,210
1,197
manu 'acturing , for wh ich metl] odology and sailiple design rema in uncha nged, aj pear in
Manu facturers ' Shipmcmts, Inv antories, and Ord<irs: 1961- 1968— Series M3-1 .1, avails ble from
the Bureau of the Cen sus (Wai5h., D.C 20233). See note marked •T for ]p. S-ll r egarding
new r etail saltis sampl<3. Revistid manu facturing and traide sales and im7entories (except
1 Revised
inven tory-salej> ratios) I>ack to 1 )61 appesir on p. 22 ff . of th e Nov. 1968 SURV EY.
series; see corr espondin g note on p. S-l 2.
*N ew series
9Iricludes d ata for it ems not
showri separatealy.
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
| 1967
Annual
1968
1967
Dec.
February 1969
Jan.
Feb.
Mar.
Apr.
May
June
1969
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES,
INVENTORIES,
AND ORDERSrf1— Continued
Shipments (seas, adj.)— Continued
By market category:
Home goods and apparelmil. $
Consumer staples _
do -_
Equipment and defense prod., excl. auto. do
Automotive equipment
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary market categories:
Consumer durables
do
Defense products (old series)
do
Defense products*
do
Machinery and equipment
do
152,169 151,206
1106,412
1101,749
1
76, 153 184, 149
152,926 148,769
143,344 142,916
'212,165 1215,090
4,429
9,142
7,714
4,235
3,846
18, 595
4,581
9,118
7,687
4,421
3,806
18, 834
4,504
9,090
7,687
4,285
3,941
18, 849
4,437
9,094
7,756
4,235
3,916
19,008
4,565
9,149
7,763
4,209
3,988
19, 081
4,825
9,346
7,743
4,622
3,966
19, 512
4,908
9,549
7,803
4,401
3,972
20,096
4,865
9,862
8,277
4,430
4,052
19, 939
4,519
9,831
8,015
4,559
3,998
18,903
4,551
9,905
8,234
4,771
4,248
19, 732
122,661
134,076
123,461
139,279
2,041
3,696
158,928
163,709
5,619
2,044
3,732
1,930
5,560
2,025
3,739
2,063
5,560
1,997
3,838
2,050
5,567
2,001
3,719
1,928
5,633
2,035
3,763
1,948
5,578
2,023
3,788
1,905
5,657
2,049
4,126
2,217
5,589
1,939
3,742
1,823
5,682
1,990
3,839
1,884
5,921
do
do
do
77, 899
49, 496
28, 403
82, 561
53, 217
29,344
82, 561
53,217
29,344
83,200
53, 465
29, 735
84, 012
54, 285
29,727
84,304
54, 585
29, 719
85, 069
55, 208
29, 861
85, 828
55,731
30, 097
85, 775
55,756
30, 019
85,314
55, 128
30, 186
86,247
55,897
30,350
Book value (seasonally adjusted), totald*___do
By industry group:
Durable goods industries total 9
do
Stone, clay, and glass products
do
Primary metals
do
Blast furnaces steel mills
do
Fabricated metal products
do
Machinery, except electrical
do
Electrical machinery
do
Transportation equipment
do
Motor vehicles and parts
do
Instruments and related products _ _ do
By stage of 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
Machinery (elec. and nonelec.)---do
Transportation equipment
do
78, 125
82, 819
82,819
82,890
83, 408
83, 759
84, 382
85, 278
85,582
85, 829
49,797
1,907
7,226
4,039
5,415
10, 248
7,930
10, 762
3,706
1,863
53, 540
1,952
7,644
4,319
5,465
10, 905
8,157
12, 679
3,827
2,013
53, 540
1,952
7,644
4,319
5,465
10,905
8,157
12, 679
3,827
2,013
53, 525
1,952
7,660
4,306
5,464
10, 784
8,180
12,717
3,911
2,007
54, 009
1,949
7,674
4,318
5,542
10, 808
8,224
12,975
3,981
2,034
54,295
1,930
7,715
4,322
5,585
10,843
8,261
13, 108
4,073
2,044
54, 724
1,927
7,724
4,341
5,691
10, 954
8,291
13, 263
4,139
2,033
55,234
1,940
7,657
4,302
5,823
11,061
8,400
13, 430
4,118
2,025
55, 442
1,957
7,506
4,109
5,963
11, 107
8,352
13, 603
4,172
2,042
55,461
1,997
7,255
3,831
6,077
11,132
8,463
13, 494
4,280
2,056
15, 484
2,807
4,904
2,872
21, 976
2,412
8,581
6,764
12,337
2,007
4,693
1,126
15, 592
2,815
4,785
2,968
24, 675
2,671
9,021
8,527
13, 273
2,158
5,256
1,184
15, 592
2,815
4,785
2,968
24, 675
2,671
9,021
8,527
13, 273
2,158
5,256
1,184
15, 489
2,781
4,674
3,044
24, 641
2,643
9,068
8,481
13, 395
2,236
5,222
1,192
15, 648
2,772
4,692
3,106
24, 926
2,621
9,125
8,647
13, 435
2,281
5,215
1,222
15,840
2,796
4,721
3,204
25, 078
2,629
9,183
8,714
13,377
2,290
5,200
1,190
16, 071
2,821
4,800
3,260
25, 214
2,621
9,210
8,801
13, 439
2,282
5,235
1,202
16,379
2,872
4,903
3,295
25, 392
2,570
9,243
8,941
13, 463
2,215
5,315
1,194
16,498
2,832
4,876
3,379
25, 490
2,505
9,260
9,044
13, 454
2,169
5,323
1,180
28,328
6,922
2,226
3,072
2,185
5,230
1,861
1,582
29,279
7,094
2,269
3,232
2,190
5,600
1,971
1,601
29,279
7,094
2,269
3,232
2,190
5,600
1,971
1,601
29,365
7,122
2,292
3,297
2,202
5,576
1,978
1,596
29,399
7,128
2,263
3,338
2,234
5,574
1,956
1,611
29, 464
7,110
2,248
3,389
2,236
5,621
1,970
1,620
29,658
7,081
2,251
3,393
2,261
5,651
1,955
1,668
30,044
7,226
2,261
3,406
2,284
5,698
1,981
1,674
11, 266
4,255
12, 807
11,247
4,496
13, 536
11,247
4,496
13,536
11,306
4,482
13, 577
11, 249
4,497
13, 653
11,128
4,508
13,829
11,228
4,522
13,909
8,441
10, 823
18,316
4,552
6,467
29, 526
8,589
11,297
20,955
4,640
6,445
30,893
8,589
11,297
20, 955
4,640
6,445
30, 893
8,678
11,382
20,808
4,715
6,479
30,828
8,701
11,392
20,995
4,833
6,554
30,933
8,713
11,346
21, 089
4,907
6,559
31, 145
4,145
8,476
4,333
10, 307
4,333
10, 307
4,371
10, 486
6,696
13, 589
Inventories, end of year or month:
Book value (unadjusted), totaled
Durable goods industries total
Nondurable goods industries total
Nondurable goods industries, total 9 _. do
Food and kindred products
do
Tobacco products
do
Textile mill products
do
Paper and allied products
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products
do
By stage of fabrication:
Materials and supplies
do
WorV in process
do
Finished goods
do
By market category:
Home goods and apparel
do
Consumer staples
do
Equip, and defense prod., excl. auto
do
Automotive equipment
do
Construction materials and supplies .. do_.
Other materials and supplies
do
Supplementary market categories:
Consumer durables
do
Defense products (old series)
do
Defense products*
do
Machinery and equipment
do
4,559 ' 4, 407
10, 126 '10,257
8,483 '8,609
4,919 r' 4, 821
4,304
4, 221
20, 169 '20,233
2,032
4,060
2,070
5,926
4,584
10, 284
8,108
4,298
4,194
20, 048
'1,927
* 4, 078
'2,042
' 6, 140
2,043
3,828
2,091
5,970
86,409
56, 141
30,268
86,887 '87,382
56, 265 '56,497
30, 622 '30,885
88,092
56,938
31, 154
86,713
87,109
87,566 '87,947
88,438
56,069
2,003
7,433
3,994
6,102
11,174
8,448
13,761
4,411
2,061
56,458
2,029
7,502
4,065
6,121
11,213
8,502
13,889
4,248
2,067
56, 657
2,064
7,426
3,985
6,229
11, 147
8,524
13, 891
4,257
2,105
'56,953
' 2, 153
'7,504
4,010
' 6, 229
'11,222
' 8, 528
'13,844
'4,221
' 2, 122
57, 329
2,200
7,558
4,039
6,329
11,312
8,488
13,947
4,248
2,168
16, 753
2,833
4,907
3,450
25, 237
2,387
9,273
8,845
13, 471
2,035
5,415
1,199
16,781
2,853
4,867
3,496
25,544
2,469
9,311
8,981
13,744
2,111
5,444
1,284
16,704
2,876
4,850
3,436
25, 772
2,486
9,305
9,128
13, 982
2,140
5,560
1,325
16,763
2,850
4,816
3,403
25, 825
2,451
9,319
9,146
14,069
2,125
5,536
1,342
'16,676
'2,783
'4,830
'3,366
'26,085
' 2, 536
'9,391
' 9, 139
'14,192
' 2, 185
' 5, 529
'1,339
16, 633
2,781
4,837
3,385
26, 357
2,559
9,426
9,218
14,339
2,218
5,537
1,344
30, 140
7,262
2,278
3,440
2,326
5,664
2,021
1,693
30, 368
7,376
2,276
3,392
2,338
5,708
2,047
1,704
30,644
7,434
2,259
3,474
2,327
5,751
2,066
1,748
30, 651
7,423
2,219
3,477
2,331
5,793
2,083
1,733
30,909
7,491
2,211
3,470
2,359
5,871
2,114
1,731
'30, 994 31, 109
'7,417
7,372
' 2, 231
2,261
' 3, 425
3,517
' 2, 351
2,314
5,882
5,900
' 2, 136
2,129
'1,833
1,793
11,312
4,604
14, 128
11,333
4,619
14, 188
11,366
4,682
14, 320
11,508
4,729
14,407
11,511
4,679
14, 461
11,609 '11,512 11,610
4,724 ' 4, 752 4,868
14, 576 '14,730 14,631
8,838
11, 360
21, 250
4,996
6,609
31,329
8,927
11,514
21, 595
4,997
6,686
31, 559
8,853
11, 532
21,769
5,042
6,754
31, 632
8,932
11, 675
21,604
5,167
6,887
31, 564
9,043
11,714
21,774
5,306
6,944
31,932
9,206
11,709
21,988
5,172
6,969
32, 065
9,327
11,789
21, 943
5,195
7,129
32, 183
'9,460
'11,758
'22,018
' 5, 134
' 7, 236
'32,341
4,369
10, 537
6,677
13, 663
4,359
10, 612
6,862
13, 759
4,386
10, 872
7,025
13, 873
4,344
10,945
7,105
14,000
4,446
10,958
6,987
13, 851
4,498
11,146
7,138
13,846
4,643
11,404
7,287
13, 873
4,671
11,410
7,233
13, 851
' 4, 727 4,623
'11,458 11,497
' 7, 251
7,164
'13,881 14,014
55, 022 '52,136
30, 536 '28,471
24, 486 '23,665
51, 165
28, 725
22, 440
9,464
11, 752
22, 169
5,178
7,444
32, 431
12, 832
13, 689
13, 689
4,374
10,308
6,686
13, 565
New orders, net (not seas, adj.), totalcf
Durable goods industries, total
Nondurable goods industries total
do
do
do
551, 250
308, 504
242, 746
551, 138
302, 265
248, 873
47, 838
27, M5
20,293
46, 227
25, 930
20, 297
49, 538
27, 593
21,945
51, 879
29, 706
22, 173
50, 453
28, 172
22, 281
49, 511
27, 179
22, 332
52, 469
28, 866
23, 603
46, 738
24, 951
21, 787
48,449
25,316
23,133
53,605
29,052
24,553
New orders net (seas adj ) total^1
By industry group:
Durable goods industries, total 9 ..
Primary metals
.
Blast furnaces, steel mills
Fabricated metal products
Machinery, except electrical
Electrical machinery
_ _
Transportation equipment
Aircraft, missiles, and parts
do
1551,250
1551,128
49, 463
48,353
48, 453
49, 566
49, 237
49,650
49, 850
50, 181
50,201
51, 877
53, 931 '53,100
53, 118
'29,325
' 4, 475
' 2, 120
' 3, 225
' 5, 134
' 3, 505
' 7, 589
' 2, 654
29,458
4,387
1,951
3,176
5,183
3,718
7,598
2,794
Nondurable goods industries, total
Industries with unfilled orders®
Industries without unfilled orders?
By market category:
Home goods and apparel
Consumer staples .
Equip, and defense prod., excl. auto
Automotive equipment
Construction materials and supplies
Other materials and supplies
Supplementary market categories:
Consumer durables
Defense products (old series)
Defense products*
..
Machinery and equipment
r
.do
do
do
do._
do
do
do .
do
308, 504
50, 796
25, 075
32, 146
50, 205
42,909
79, 414
25, 790
302, 265
45,393
23,037
32, 557
51, 714
41, 749
76, 849
28, 620
28,056
4,313
2,418
3,335
4,604
3,698
7,277
3,046
26, 837
4,424
2,526
2,798
4,591
3,261
6,919
2,494
26,814
4,364
2,401
2,719
4,541
3,642
6,662
2,464
28,005
4,244
2,262
2,775
4,464
3,530
8,089
3,781
27, 373
4,244
2,396
2,819
4,658
3,366
7,326
3,173
27, 172
3,900
2,014
2,941
4,665
3,313
7,343
2,903
26, 701
3,867
1,755
2,824
4,810
3,725
6,259
1,616
26, 925
3,859
1,791
2,755
4,923
3,476
6,749
2,396
27, 329
3,491
1,400
2,917
4,766
3,501
7,479
2,492
28, 381
4,092
1,682
3,103
5,184
3,668
6,996
2,098
30,280
4,397
1,990
3,271
5,403
3,751
7,764
2,749
do._.
.do
do
242,746
65, 113
177, 633
248, 873
66, 285
182, 588
21, 407
5,893
15, 514
21,516
5,930
15, 586
21, 639
5,979
15, 660
21, 561
5,887
15, 674
21, 864
6,041
15,823
22, 478
6,134
16, 344
23, 149
6,271
16, 878
23, 256
6,304
16, 952
22,872
5,953
16, 919
23, 496
6,434
17, 062
23, 651 '23,775
6,518 '6,447
17, 133 '17,328
23, 660
6,398
17, 262
_do_.
do
do
do
do._.
do_
153,236 150,966
1101,749 1106,416
183,013 186,057
152,746
148,306
1
44, 264 144,019
1217,242 1215,374
4,429
9,133
8,330
4,254
4,392
18, 925
4,495
9,103
7,320
4,454
3,655
19,326
4,564
9,091
7,624
4,231
3, 826
19, 117
4,449
9,101
8,943
4,299
3,866
18,908
4,512
9,151
8,284
4,241
3,989
19,060
4,737
9,351
7,909
4,554
4,090
19,009
5,089
9,568
7,579
4,408
4,080
19, 126
4,838
9,874
7,888
4,431
3,956
19, 194
4,460
9,827
8,142
4,649
4,135
18,988
4,601
9,931
8,495
4,984
4,480
19, 386
4,575 ' 4, 425
10, 126 ' 10, 256
9,527 ' 8, 370
4,694 '4,864
4,500 '4,510
20, 509 ' 20, 675
4,624
10, 276
8,698
4,648
4,548
20, 324
do
do
do
do
122,728
139,263
123,257
142,473
2,036
4,356
1,955
3,506
163,214
^62,999
5,495
5,466
2,085
3,861
1,595
5,380
1,994
5,073
1,311
5,382
2
Revised.
1 Based on data not seasonally adjusted.
Advance estimate.
d" See
corresponding note on p. S-5.
*New series; see corresponding note on p. S-7.
9 Inclu des
data for items not shown separately.
0 Includes textile mill products, leather and products,
paper and allied products, and printing and publishing industries; unfilled orders for ot her
2,033 ' 1, 973 2,120
2,033
1,884
2,034
2,207
4,254
4,407 ' 3, 895
3,554
3,913
3,666
2,963
' 1, 953 i 2,421
2,384
1,919
2,355
1,914
2,059
6,229
6,550 ' 6, 089
5,916
6,027
5,714
5,968
nondu rable go ads indu stries are zero,
related
HFo r these i idustries (food arid kindn3d produ cts, toba ceo prod acts, apiDarel anc plastics
produ cts, petrc leum an d coal prc>ducts, crlemicals and alliec1 products, and ru bber and
5.
jw
orders
iual
to
n(
idered
ec
produ cts) sales are cons
1,944
4,428
1,466
5,492
1,962
4,011
2,268
5,447
SURVEY OF CURRENT BUSINESS
February 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual
1968
1967
Dec.
S-7
Jan.
Feb.
Mar.
Apr.
May
June
1969
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS}— Continued
Unfilled orders, end of year or month (unadjusted),
totalf
mil. $-.
Durable goods industries, total
do
Nondur. goods ind. with unfilled orders0 do
Unfilled orders, end of year or month (seasonally
adjusted), total^
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
Nondur. goods ind. with unfilled orders© ...do
By market category:
Home goods, apparel consumer staples do
Equip, and defense nrod., incl. auto
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary market categories:
Consumer durables
do
Defense products (oid series)
do
Defense products*
do
Machinery and equipment . _ do ...
BUSINESS INCORPORATIONS^
New incorporations (50 States and Dist. Col.):
Unadjusted
_ _ _ . _ _ _ _ . number
Seasonally adjusted
do
INDUSTRIAL AND COMMERCIAL
FAILURESd"
Failures, total
. _ numberCommercial service
do
Construction
do
Manufacturing and mining
do
Retail trade
do
Wholesale trade
do
Liabilities (current), total
Commercial service
Construction
Manufacturing and mining
Retail trade _ _
Wholesale trade
thous. $
do
do
do
do
do
Failure annual rate (seasonally adjusted)
No per 10 000 concerns
79,903
76, 895
3,008
82,499
79, 480
3,019
82,499
79, 480
3,019
83, 305 83,867
80, 273 80, 796
3,032 3,071
85, 255
82, 212
3,043
85,640
82, 550
3,090
84, 555
81, 446
3,109
83, 861
80, 706
3,155
83, 220
80, 044
3,176
83,700
80,667
3,033
84, 358
81,318
3,040
85, 357 ••85,003
82, 307 r81,951
3,050 •• 3, 052
81, 072
83,686
83,686
83, 592
83,689
84, 809
85,291
84, 927
84, 048
82, 806
83, 184
83,617
84, 991
r
85,539
87, 149
77, 987
7,501
3,445
7,819
14, 919
12, 942
29,027
22, 465
80, 578
7,019
3,644
8,976
14, 551
13, 235
31,031
25, 682
80, 578
7,019
3,644
8,976
14, 551
13, 235
31, 031
25, 682
80, 490
7,431
4,056
8,885
14, 503
12, 940
31, 047
25, 698
80, 593
7,739
4,299
8,815
14, 397
13, 022
31,006
25, 755
81, 754
7,864
4,396
8,777
14, 183
12, 974
32, 349
27, 014
82, 239
7,845
4,598
8,782
14, 156
12, 867
32, 986
27, 697
81,902
7,322
4,324
8,882
14, 164
12, 705
33,309
28, 140
80, 970
6,586
3,575
8,895
14, 225
12, 829
32, 767
27, 288
79, 684
5,704
2,645
8,752
14, 408
12, 803
32, 368
26, 922
80, 177
5,533
2,529
8,870
14, 321
12, 801
32, 941
27, 012
80, 572
5,662
2,585
9,115
14, 430
12, 923
32,709
26,604
81, 894
5,840
2,740
9,381
14,637
13, 148
32, 918
26, 670
'82,429
T
6, 133
r
3, 053
r
9, 711
14,589
••13,065
••32,936
26, 599
84, 105
6,339
3,102
10,080
14, 780
13, 230
33,694
26, 893
3,085
3,108
3,108
3,102
3,096
3,055
3,052
3,025
3,078
3,122
3,007
3,045
3,097
2,372
42, 859
8,171
27 670
2,125
44,304
9,313
27 944
2
44
9
27
125
304
313
944
2 024
43 970
9,162
28 436
2 085
43, 853
9,047
28 704
2 104
45, 104
8,997
28 604
2 053
45, 657
8,998
28 583
1,970
45, 755
9,122
28 080
2 170
45 538
9,230
27 110
2 154
45 151
9,133
26 368
2,091
45,368
9,270
26, 455
2 165
45, 843
9,504
26 105
2,182
46, 662
9,700
26, 447
1 917
28, 680
1 698
31 888
1 698
31 888
21,968
21, 243
21 243
1 609
31 622
22 289
21 149
1 669 1 666
31 784 33 019
21 822 21 083
20 969 20 784
1 609
33 728
20 622
20 643
1 536
33 976
20 941
20, 512
1 720
33 151
21 095
20 823
1 705
32* 690
20 792
20 951
1,650
32,860
21, 324
21, 295
1 692
32 577
21, 358
21, 287
200, 010
206, 569
17, 525
18 168
20 438
17 223
17,910
18 014
19, 520
17 974
19, 641
18 659
19 940
18 796
18 670
19 197
19 733
19 530
19, 052
20, 053
19,015
21 237
21,636
21, 721
17,770
r
20 356
20, 310
21 055
13, 061
1 368
2 510
1,852
6 076
1,255
12, 364
1 329
2,261
1,832
5,696
1,246
831
104
158
133
347
89
844
90
159
149
354
92
832
85
129
142
388
88
1,021
119
188
143
472
99
1 003
133
152
153
454
111
909
92
168
150
393
106
751
92
140
128
317
74
810
88
134
119
380
89
734
87
129
105
344
69
705
68
112
126
320
79
768
92
151
111
347
67
696
87
115
97
341
56
563
73
93
90
256
51
1,265,227 195 448 104 491
144, 965 45 725
7,398
323 680 97 868 23 366
325 869 25 988 31 131
334, 279 16, 380 20, 339
136, 434
9 487 22 257
79 602
6 913
19 786
24 377
19' 048
9 478
88, 593
10, 738
16 924
24 110
25, 486
11 335
80 107
7,971
10 483
22 662
23, 277
15 714
91,411
4,618
17 397
33 120
23, 345
12 931
657
885
378
368
415
611
90 269
9 942
31 275
20 589
19 740
8 723
65, 766
6,525
14 595
22 113
14' 098
8 435
58 651
5,857
15 703
15 951
13, 721
7 419
65 384
6,631
18 001
13 512
17, 594
9 646
58 651
7,949
8 157
20 482
16, 908
5 155
83 414
5,862
11 394
48 285
12, 252
5 621
37 5
44 3
43 5
40 9
36 9
41 0
36 5
40 3
37 5
35 7
29 9
1,385,659
185. 202
326 376
352 861
344, 346
176 874
2
51 6
2 49 0
43 2
38 2
74
6
25
15
14
12
r
85,944
82 984
2,960
3, 110
3,044
r
2 199
r
46,468
r
9, 990
r
26 882
2 231
47,409
10, 345
27 164
1 693 r 1 738
32 925 rr32 740
21, 672 2l,584
21,912 ••21,862
1 815
33* 166
21 913
22, 122
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?
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
267
237
285
215
180
185
258
552
292
294
356
161
253
224
284
191
174
177
225
555
277
305
336
132
253
231
299
233
160
169
277
551
272
319
318
130
254
230
351
189
162
170
270
558
275
318
324
132
257
228
342
168
165
173
273
560
282
314
342
131
258
229
348
164
165
173
294
560
282
308
345
132
259
232
365
166
164
167
298
563
282
305
348
127
260
235
333
179
166
167
303
563
281
305
348
124
259
229
292
176
163
156
302
563
285
300
354
134
260
221
288
170
157
150
266
563
294
307
364
142
261
226
270
219
147
149
308
576
291
315
353
144
267
230
272
222
151
150
347
577
299
329
352
165
262
228
275
224
148
155
326
570
291
335
340
148
262
227
318
204
156
159
279
570
292
340
337
154
262
221
327
182
159
155
244
584
296
337
343
162
263
220
333
163
162
155
251
578
299
332
349
166
297
315
285
302
321
287
303
325
287
304
327
288
306
329
290
307
330
291
309
333
292
310
335
293
311
335
293
311
336
293
310
337
291
311
338
292
312
339
292
314
341
294
315
341
296
315
342
296
334
80
342
74
344
74
••347
r 73
348
74
350
74
353
73
354
73
354
73
355
73
354
74
355
75
358
73
••360
73
360
73
363
72
113 1
116 3
118 2
118 6
119 0
119 5
119 9
120 3
120 9
121 5
121 9
122 2
122 9
123 4
123.7
112 9
115 9
117 7
118 2
118 5
113 0
116 8
119 3
118 9
119 7
112 3
115 0
117 6
116 8
117 3
\Y> 9
109 2
111 2
113 2
113 5
111 8
114 0
115 6
116 0
116 4
109 7
113 1
115 2
115 1
115 6
102 7
104 3
106 1
106 3
106 4
97 2
98 1
101 3
101 0
100 8
117.8
124.8
125.8
123.6
121.5
r
1 Advance estimate.
2 Based on unadjusted data.
If See note marked
(t 1 Revised.
cr on p. S-5.
0 See corresponding note on p. S-6.
9 Includes data for items not
snown separately.
*New series. Based on separate reports on defense work filed by large
defense contractors in ordnance, communications, complete aircraft, aircraft parts, and shipbuilding industries. It differs from the old series in that it includes defense activity in shipbuilding and excludes nondefense work in ordnance, communications, complete aircraft, and
119 1
120 2
118 1
113 9
116 9
116 1
106 6
100 6
CONSUMER PRICES
(U.S. Department of Labor Indexes')
Unadjusted indexes:
All items
1957-59—100
Special group indexes:
All items less shelter
do
All items less food
do
All items less medical care
do
Commodities
do
Nondurables.. _
do
Nondurables less food
do
Durables 9...
do
New cars
do
Used cars
do
122 7
119 6
122 5
121 2
122 2
120 0
120 8
120 4
121 5
124.7
124 4
122 1
120 6
122 6
123 8
121 0
121 6
123 0
122 2
121 9
121 5
118 5
119 5
120 1
120 5
118 9
120 8
117 2
114 3
116 8
117 1
114 7
115 9
115 1 115 5
116 1
120 7
120 3
117 3
120 2
117 8
118 7
119 2
118 2
119 6
120.3
120 2
119 7
116 4
117 0
117 5
117 6
118 1 118 9
108 7
109 3
106 9
107 4
107 6
108 5
106 9
107 6
107 7
102 7
103 8
102 8
100 3
100 3
100 1
99 8
98 4
99 1
118.7
126.3
126.7
126.7
aircraft parts. Further details appear in the Aug. 1968 issue of the Census Bureau Current
Industrial Report, Series: M3-1.
_ ..
cf Compiled by Dun & Bradstreet, Inc. (failures data are for 48 States and Dist. Col.).
tRevisions for Jan. 196i-Mar. 1967 (back to Jan. 1959 for all farm products, all crops,
commercial vegetables, and fruit) are available from the Dept. of Agriculture, Statistical
Reporting Service.
§ 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
1966
1967
1968
1967
Annual
Dec.
February 1969
Jan.
Feb.
M:r.
Apr.
May
June
1969
July
Aug.
Sept.
Oct.
j Nov.
Dec.
Jan.?
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?
._. _ do _
Rent
do
Homeownership
_ do
Fuel and utilities 9 _
- do__
Fuel oil and coal
do
Gas and electricity _
_
do
Household furnishings and operation... do
Apparel and upkeep
do
Transportation
do
Private
___
do
Public
do
Health and recreation 9
do
Medical care
do
Personal care
_ __ __ _ ._
do
Reading and recreation
do
Seasonally adjusted indexes:
Food
do
Apparel and upkeep
do
Transportation
do
WHOLESALE PRICES^
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:
22 Commodities
1957-59=100
9 Foodstuffs.
___ _ _ _
__
do _
13 Raw industrials
do
All commodities
do. ..
By stage of processing:
Crude materials for further processing
do
Intermediate materials, supplies, etc
do
Finished goodsO__
do
By durability of product:
Durable goods
do
Nondurable goods.
_
do _
Total manufactures. __
do
Durable manufactures
do
Nondurable manufactures _ _
_ . __do
Farm prod., processed foods and feeds
do
106.5
122.3
125.0
114.2
114.1
111.8
117.6
111.1
114.1
110.4
115.7
107.7
108.3
108.1
105.0
109.6
112.7
111.0
125.8
119.0
127.7
112.2
117.1
109.2
127.7
131.1
115.2
111.2
116.7
117.5
114.3
117.9
112.4
120.2
109.0
111.6
108,5
108.2
114.0
115.9
113.9
132.1
123.8
136.7
115.5
120.1
111.1
130.1
133.8
116.2
111.2
118.1
119.6
116.0
119.9
113.5
122.6
109.3
113.1
108.7
109.7
116.8
117.9
115.8
134.9
126.6
140.4
117.2
122.2
111.2
130.8
134.6
117.0
111.6
118.5
124.1
116.4
120.2
113.7
122.9
109.5
113.7
108.9
110.6
115.9
118.7
116.6
135.5
127.1
141.2
117.6
122.7
111.5
131.3
135.2
117.4
112.0
118.5
124.9
116.9
120.8
113.9
123.5
109.8
113.8
109.3
111.2
116.6
118.6
116.4
136.2
127.5
141.9
117.6
123.0
111.9
132.1
136.1
117.9
113.1
118.7
126.1
117.2
121.0
114.2
123.8
109.9
113.9
109.3
111.8
117.6
119.0
116.7
137.1
128.3
142.9
118.4
124.2
112.2
132.5
136.6
118.3
112.7
118.8
128.3
117.5
121.3
114.4
124.0
110.0
114.0
109.5
112.2
118.4
119.0
116.8
137.2
128.8
143.5
119.0
124.9
112. 5
133.0
137.1
118.8
113.0
120.2
130.7
117.8
121.6
114.6
124.3
110.3
115.3
109.5
112.5
119.5
119.1
116.8
137.3
129.2
144.0
119.6
125.3
113.0
133.9
138.1
119.1
113.2
120.9
130.0
118.7
122.9
114.9
126.1
110.3
115.4
109.4
112.9
119.9
119.7
117.4
138.4
129.7
144.4
120.1
125.6
113.2
134.9
139.3
120.0
114.0
121.0
132.2
119.5
124.2
115.1
127.8
110.6
115.7
109.5
113.1
119.7
119.8
117.6
138.5
130.2
145.1
120.4
125.9
113.5
135.5
140.0
120.5
115.3
121.5
128.2
120.1
125.0
115.4
128.8
110.7
115.7
109.7
113.3
120.3
120.0
117.7
138.6
130.5
145.5
120. 9
126.3
113.9
136.0
140.5
120.4
115.5
121.6
122.9
120.4
125.3
115.7
129.1
110.5
115.8
109.3
113.9
122.2
119.5
117.2
138.7
131.1
146.4
121.5
126.7
114.7
136.6
141.2
120.9
115.4
122.3
123.4
120.9
126.0
116.0
130.0
110.4
115.9
109.1
114.2
123.3
120.6
118.4
138.7
131.9
147.4
122.1
127.5
115.3
137.4
142.0
120.5
114.6
122.6
123.8
121.7
126.9
116.3
131.1
111.3
115.9
109.9
114.8
124.0
121.2
118.9
139.4
132.4
148.2
122.8
128.0
115.2
138.1
142.9
121.2
114.4
122.6
126.4
122.3
127.6
116.7
132.0
111.5
116.2
110.0
115.1
124.3
120.2
117.5
143.3
132.8
149. 1
123.4
128.2
116.4
116.2
117.7
117.2
116.6
118.5
117.4
117.1
119.1
118.1
117.8
119.5
118.7
118.5
119.1
119.4
119.3
119.2
119.2
119.9
119.8
119.0
120.3
119.6
119.7
121.0
120.0
120.0
122.1
119.7
120.9
122.7
120.4
121.0
123.3
120.7
121.4
123.7
120.2
i 109. 5
i 101.9
i 115.2
198.1
!94.7
i 100. 4
96.2
90.7
100.1
96.1
fO.9
99.8
96.4
92.2
99.5
97.0
92.7
100.1
96.0
92.8
98.3
94.8
92.9
96.1
94.2
92.2
95.6
93.5
92.3
94.4
93.7
92.2
94.9
94.5
92.2
96.1
95 2
92.0
97.5
98.1
95.1
100.3
98.8
96.1
100.7
100.8
97.1
103.4
105.9
106.1
106.8
107.2
108.0
108.2
108.3
108.5
108.7
109.1
108.7
109.1
109.1
109.6
109.8
110.7
101.5
108.6
112.5
101.3
109.2
112.6
113.7
107.1
110.5
114.0
107.2
105. 3
104.8
106.9
99.6
105.6
108.2
98.6
106.5
109.3
99.1
106.9
109.7
100.9
107.6
110.2
101.6
107.7
110.4
101.4
107.9
110.5
102.0
107.7
110.9
101.4
107.8
111.3
102.6
107.9
111.9
100.8
107.9
111.4
100.9
108.3
112.0
100.2
108.5
112.0
106.0
105.6
105.7
106.0
105.3
108.0
104.7
106.7
108.2
105.3
109.6
104.8
107.6
109.7
105.6
110.3
105.0
108.1
110.4
105.9
111.0
105.9
108.7
111.1
106.4
111.4
105.9
108.9
111.5
106.3
111.5
106.0
109.1
111.8
106.4
111.2
106.5
109.1
111.5
106.7
111.3
106.7
109.4
111.6
107.2
111.3
107.4
109.7
111.7
107.7
111.6
106.6
109.5
111.9
107.2
112.0
107.0
109.9
112.3
107.4
112.8
106.5
110.0
113.1
107.0
113.1
107.0
110.3
113.4
107.2
108.9
105.2
104.8
105.3
106.8
106.9
106.8
107.9
108.0
109.4
107.7
108.6
107.4
108.3
108.4
109.8
104.9
Farm products 9 — _ _ _ _
_ _ .
do
Fruits and vegetables, fresh and dried-do
Grains
___
do
Live poultry
do
Livestock _ _
___
do _
105. 6
102. 5
97.3
91.4
110.0
99.7
101.6
92.2
82.2
101.1
98.9
105.0
85.4
68.2
97.6
99.0
108.1
85.0
78.2
98.7
101.3
112.5
86.3
87.0
102.7
102.1
114.5
85.1
81.4
105.7
102.1
112.0
84.7
81.1
105.2
103.6
123.6
86.4
85.4
105.4
102.5
106.4
82.0
89.6
106.2
103.9
108.2
80.0
93.8
109.5
101.4
97.4
75.1
87.8
106.2
102.8
97.6
76.5
84.8
106.0
101.2
99.8
78.7
79.3
104.1
103.1
109.4
82.0
87.6
103.9
103.3
109.3
80.4
82.9
104.2
Foods and feeds, processed 9 _ _
do _
Beverages and beverage materials _
_do
Cereal and bakery products
do
Dairy products
__
_ ___ _ _ _ _do
Fruits and vegetables, processed
_do_ _
Meats, poultry, and
fish
._
do. _
113.0
105.8
115.4
118.5
104.8
110.2
111.7
106.5
117.1
122.0
107.2
105.0
111.5
107.7
116.9
124.1
113.1
103.2
112.4
107.9
117.1
123.8
113.7
105.5
113.3
108.6
117.4
124.0
113.8
107.6
112.9
108.9
117.4
123.3
114.4
107.0
112.8
109.5
117.3
125.9
114.6
105.8
113.6
109.4
117.1
128.9
114.6
107.0
114.6
109.4
117.0
128.7
114.8
109.8
115.9
109.5
118.4
128.8
114.7
113.6
114.9
109.8
119.3
128.8
113.6
109.7
115.3
110.0
119.0
129.1
113.6
111.2
114.4
110.5
119.4
130.1
114.0
106.9
114.7
110.6
119.3
130.0
114.1
107.7
114.7
110.6
119.3
130.4
113.3
107.3
115.9
104.7
106.3
107.4
107.8
108.3
108.6
108.8
108.6
108.8
108.8
108.9
109.2
109.7
109.9
' 110. 3
110.9
98.2
101.3
98.2
93.4
69.1
114.4
98.1
99.4
98.4
93.2
71.2
114.4
97.9
98.7
97.9
93.0
68.5
115.2
97.8
98.1
98.0
93.3
69.9
115.2
97.8
96.7
97.9
93.5
73.4
115.9
97.7
96.4
97.9
93.6
69.8
115.9
Industrial commodities
do
Chemicals and allied products 9
do
Agric. chemicals and chem. prod
do
Chemicals, industrial .._ _
do _
Drugs and Pharmaceuticals
do
Fats and oils, inedible. _ ___ __ _ _ _ _ d o
Prepared paint...
do
97.8
102.8
95.7
94.5
102.8
106.8
98.4
103.6
97.4
94.0
81.3
109.3
98.4
102.2
98.3
93.8
77.2
112.2
98.2
99.5
98.5
92.9
76.4
113.2
98.1
100.6
98.5
93.0
76.7
113.2
98.6
101.2
98.7
93.4
80.0
114.1
98.8
101.6
98.8
93.4
80.9
114.4
98.7
101.6
99.0
93.4
78.4
114.4
98.5
101.3
98.6
93.5
72.8
114.4
Fuels and related prod., and power 9
do
Coal
_
do
Electric power
_ _ Jan. 1958=100
Gas fuels...
do
Petroleum products, refined
1957-59 =100. _
101.3
98.6
100.3
129.3
99.5
103.6
103.2
100.7
133.6
102.2
102.6
104.9
100.9
133.1
99.9
101.8
105.0
101.0
130.0
98.8
102.5
105.0
101.1
133.3
99.5
102.0
105.5
101.2
126.5
99.5
102.4
105.4
101.3
125.0
100.3
102.4
105.2
101.3
123.6
100.5
103.7
105.3
101.3
123.3
103.1
103.3
105.4
101.2
120.8
102.8
102.6
105.5
101.8
120.6
101.0
102.5
105.8
101.8
120.8
100.9
101.9
108.3
101.9
120.4
99.3
102.0
111.0
102.0
120.4
99.2
102.2
112.7
102.1
120.9
99.0
Furniture and household durables 9
Appliances, household __
_
Furniture, household _ _ _ _ . _ _ _
Home electronic equipment
do
do
do.__
do
99.1
89.1
109.1
83.6
101.0
90.1
112.8
82.5
102.1
90.9
114.3
81.8
103.0
91.1
115.2
81.7
103.3
91.6
115.7
81.7
103.6
91.9
116.0
81.6
103.8
92.2
116.2
81.8
104.0
92.2
116.9
81.8
103.9
92.0
117.0
81.3
104.1
92.4
117.2
80.7
104.2
92.5
117.5
80.7
104.4
92.6
117.8
80.7
104.5
92.7
118.5
80.2
104.7
92.7
118.9
80.2
105.0
92.9
119.2
79.8
Hides, skins, and leather products 9
Footwear
_
Hides and skins
Leather
_ _
Lumber and wood products..
do
do
do
do
do
119.7
118.2
140 8
121.1
105.6
108.5
115.8
122.1
94 0
110.5
105.4
108.4
116.0
124.3
89.7
109.1
107.6
111.8
116.5
125.6
87.3
108.6
108.6
114.0
116.7
125.5
89.5
108.9
111.6
117.1
117.9
125.6
99.3
110.3
113.9
120.3
118.3
126.6
95.6
111.5
115.8
123.6
118.8
127.0
98.2
112.5
117.0
125.3
118.7
127.1
95.1
112.8
117.2
125.0
119.5
127.3
101.5
113.8
119.2
127.7
119.5
127.2
102.8
113.6
120.5
129.8
120.7
128.8
106.6
114.1
122.6
131.5
122.3
131.3
105.6
115.1
124.9
133.4
122.4
131.7
107.0
113.8
126.8
136.2
122.8
131.7
106.8
115.8
133.5
142.2
116.1
115.4
115.8
115.2
115.0 ' 115.0
127.8
127.0
127.7
126.8
126.5
126.3
131.5
129.0
130.3
129.2
129.4
129.4
103.2
.02.9
103.1
102.7
102.7
102.9
130.0
129.3
129.7
129.1
128.2
128.0
OGoo is to use rs, incl. r aw foods and fuel S.
116.6
129.3
132.1
103.6
130.4
116.7
130.1
132.7
103.5
130.5
113.2
111.8
108. 2
Machinery and equipment 9
do
118. 5
124.9
122.3
Agricultural machinery and equip
do
118.9
126.3
122.7
Construction machinery and equip
do
102.3
99.0
101.8
Electrical machinery and equip
do
125.8
118.8
123.8
Metal working machinery and equio
do
r
Revised.
v Preliminary.
1 Computed by ()BE.
9 Includes> data fo r
shown separately. tfFor actual wholesale prices o f individilal commc>dities, see
113.9
114.1
125.8
125.8
127.2
127.7
102.7
102.7
126.1
126.6
items not
respect ive
114.3
114.8
126.1
126.2
128.3
128.9
102.6
103.0
127.3
127.6
comm adities.
SURVEY OF CURRENT BUSINESS
February 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual
1967
Dec.
S-9
1968
Jan.
Feb.
Mar.
Apr.
May
June
1969
July
Aug.
Sept.
Oct.
Nov.
Dec.
111.4
95.3
104.8
122.3
111.3
95.4
104.8
121.7
112.2
95.5
106.7
121.5
112.5
95.6
106.7
121.9
112.4
95.8
106.0
122.4
112.8
96.0
106.1
123.5
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.
108.3
92 5
102.3
120.9
109.6
92.6
103.5
120.9
111.4
93.4
104.6
125.7
112.2
93.1
105.4
127.4
113.3
93.8
105. 7
131.1
113.8
94.3
105.4
133.2
113.3
94.5
105.0
131.0
111.7
94.7
104.9
124.1
111.7
95.3
104.8
123.6
Nonmetallic mineral products 9 do
Clay prod., structural, excl. refractories
do-_
C on crete products
_-.
do _ _
Gypsum products
do
Pulp, paper, and allied products
do
Paper..
.
__ _ _
_ _ _ _do_ __
Rubber and products.. _
_ _ _. _ do_. _
Tires and tubes .
do _
102.6
104.3
105.3
106.0
106.9
107.3
107.4
107.8
108.3
108.4
108.7
108.7
108.9
109.2
109.3
108 4
103.0
102 4
102.6
107.3
94.8
93.3
110.1
105.3
102.4
104.0
110.0
97.0
96.2
111.6
105.8
103.9
104.8
111.2
99.2
98.7
111.8
106.5
103.9
105.2
111.2
99.5
98.7
111.9
106.8
105.1
105.7
111.9
99.5
98.7
112.0
107.0
105.1
105.2
111.9
99.7
98.7
112.1
107.5
105.1
105.2
112.1
99.7
98.7
112.5
107.6
105.1
105.5
113.5
99.8
98.7
112.3
108.2
105.1
104.7
112.7
99.9
98.7
112.5
108.1
105.0
104.9
113.0
100.7
100.9
113.7
108.5
106.6
104.9
113.0
100.6
99.5
113.7
108.6
106.6
105.1
113.1
100.7
99.5
114. 2
109.1
106.2
105.2
113.1
101.0
99.5
115.2
109.2
106.2
105.2
113.4
101.1
99.5
115.4
109.5
106.2
105.2
113.4
101.1
99.5
Textile products and apparel 9 . .
AppareL.
_
Cotton products
Manmade fiber textile products
Silk yarns
Wool products
do
do
do
_ _do___
do
. . do
102.1
105.0
102 5
89.5
153 6
106 0
102.1
106.9
100.7
86.8
171.9
103.2
103.8
108.1
104.2
88.6
189.7
102.2
104.3
108.3
105.2
89.3
196.8
102.3
104.6
108.8
105.0
89.6
197.2
102.8
104.6
109.1
105.0
89.3
196.3
103.1
104.7
109.3
105.2
89.3
189.7
103.0
104.8
109.4
104.9
89.7
183.8
103.5
105.2
110.1
104.7
89.9
184.0
103.8
105.8
110.7
105.2
90.4
182.5
103.9
106.0
110.9
105.3
90.7
175.1
104.1
106.5
111.0
105.4
92.5
177.5
104.1
107.0
111.7
105.3
92.7
175.5
104.7
107.2
111.8
105.4
93.0
172.0
104.6
107.1
111.9
105.1
92.9
165.2
104.6
_ do._
do
._ -do
_- __do_ ..
do
100 8
106 8
104. 1
109 6
102.1
109.2
105.6
112.9
104.0
110.7
106.4
114.8
104.3
111.0
106.7
114.8
104 3
111.3
106.6
114.8
104.3
111.5
107.4
114.9
104 3
111.8
108.1
114.9
104.2
111.8
108.2
114.9
104.5
111.8
108.2
114. 9
104 •>
111.5
108.7
114.9
104.4
111.6
108.9
114.9
104.1
111.9
109.0
114.9
106.5
112.0
109.1
115.0
106.6
112.5
109.2
116.5
106.6
112.5
109.3
116.5
$0. 945
.884
$0. 943
.860
$0. 936
.846
$0. 933
.843
$0.926
.840
$0. 924
.837
$0. 923
.834
$0. 922
.831
$0. 920
.827
$0. 917
.823
$0.921 $0.917
.818
.820
$0. 917
.814
$0.912
.810
$0. 911
.808
6,989
Transportation equipment 9
Motor vehicles and equipment
Miscellaneous products 9
Toys, sporting goods, etc
Tobacco products
_
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices.
...
1957-59=$!. 00..
- ._ _.
do._
$0. 903
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE I
New construction (unadjusted), total
mil. $__
75, 120
76, 160
6,407
5,605
5,219
5,956
6,786
7,341
7,519 ' 7, 714 ' 7, 963 '7,973
8,014 '7,630
Private, total 9
do
Residential (nonfarm)
_do
New housing units
do
Nonresidential buildings, except farm and public utilities, total 9
mil $
Industrial
_
do
Commercial.-.
_ __do
Farm construction
do
Public utilities:
Telephone and telegraph
. do
51,120
23, 971
17,964
50, 587
23, 736
17,885
4,441
2,191
1,742
3,819
1,859
1,465
3,586
1,655
1,305
3,982
1,885
1,472
4,513
2,262
1,710
4,843
2,518
1,891
4,963 ' 5, 102 ' 5, 338 ' 5, 364
2,628 ' 2, 721 ' 2, 790 ' 2, 780
2,015
2,075 2,123 2,139
5,423 ' 5, 249 4,921
2,695 ' 2, 628 2,480
2,130 ' 2, la? 1,985
18, 595
6,679
6,879
1,245
18, 106
6,131
6,982
1,324
1,492
521
573
1,342
431
525
1,323
397
542
1,428
428
587
1,538
441
676
1,562
448
684
1,523
429
689
1,535
417
721
1,690
485
782
1,716
508
793
1,609
1,638
146
104
120
140
119
132
141
156
148
147
Public, total 9
24,000
25, 573
1,966
1,786
1,633
1,974
2,273
2,498
2,556
2,612
2,625
2,609
8,920
655
369
769
8,355
9,974
706
406
721
8,538
825
47
36
70
559
782
42
39
56
469
739
35
38
52
379
824
56
45
51
572
893
78
45
53
755
955
83
49
64
886
910
63
49
60
953
885
54
35
57
1,051
888
57
43
79
1,014
41
81
37
96
'53
83
47
81.2
82.9
83.9
83.6
'85.3
85.7
'82.0
'81.7
'83.7
'84.7
87.2
'87.3
88.3
54.0
55.3
55.4
56.1
57.4
57.3
55.0
'55.0
'56.7
'57.4
59.5
'59.3
59.7
27.6
27.0
26.8
27.7
29.3
29.6
28.2
'27.8
'28.3
'29.4
30.0
'30.6
31.3
17.4
5.8
6.7
19.3
6.3
7.7
19.5
5.7
8.3
19.2
5.5
8.3
19.1
5.5
8.5
18.5
5.3
8.1
17.7
4.9
8.1
17.6
4.8
8.3
19.0
5.6
8.6
18.6
5.5
8.5
19.7
6.1
8.9
'19.2
'6.3
'8.3
19.0
6.3
7.9
do
Buildings (excluding military) 9
do
Housing and redevelopment _ _
. . do
Industrial
do
Military facilities
do
Highways and streets
do
New construction (seasonally adjusted at annual
rates), total ._ ...
bil. $
Private, total 9_.__
do
Residential (nonfarm)
do
Nonresidential buildings, except farm and public utilities, total 9
bil. $
Industrial
do
Commercial
_
_ _ _
do
Public utilities:
Telephone and telegraph.
do
1,808 ' 1, 752 1, 631
562
'543
538
681
844
'798
172
150
2,591 ' 2, 381 2,068
1.6
1.6
1.7
1.7
1.5
1.6
1.5
1.9
1.7
1.8
2.0
1.7
27.2
27.6
28.5
27.5
27.9
28.4
27.1
27.7
'27.1
27.3
27.7
27.9
28.6
10.5
.6
.5
.9
9.2
10.6
.6
.5
.9
9.3
10.7
.5
.5
.9
9.8
10.8
.8
.5
.7
9.2
10.8
1.0
.5
.7
9.8
11.0
1.0
.5
.8
9.9
10.0
.7
.5
.7
9.2
9.7
.6
.5
.7
9.1
9.9
.6
.6
.8
9.2
.5
.8
.4
1.0
.6
.9
.6
3,996 3 3, 714
3,704
5,417
4,878
6,170
5,589
5,956
6,318
5,170
6,171
4,863
4,543
156
176
146
172
160
187
192
183
200
183
179
Public ownership
mil $
18, 152
1,507
20, 709
1,041
1,300
Private ownership
do
31, 998
2,490
32, 737
2,664
2,414
By type of building:
Nonresidential- .
do
19, 393
1,550
20, 418
1,251
1,347
Residential 1
do
1,404 31,462
17, 827
19, 695
1,495
Non-building construction
_ do
12, 930
1,042
13,333
905
958
New construction planning
(Engineering News- Record) §
do
52,112
5,896
59. 944
3,492
5,040
r
Revised.2 v Preliminary.
1 Annual total i ncludes i evisions not disl ributed to
3
months.
Computed from cumulative valuation total.
See not 3 "If" fo r this pa ge.
cf See corresponding note on p. S-8.
9 Include)S data fo]r items nc t shown separate ly.
t Revisions for 1965-May 1967 are shown in Bu. of Census re port C30- 38-6.
1,698
3,719
1,554
3,324
2,036
4,135
1,860
3,730
2,256
3,700
1,924
4,394
1,549
3,621
1,728
4,443
1,558
3,305
1,278
3,265
1,835
2,220
1,362
1,522
2,312
1,044
2,227
2,543
1,400
2,030
2,243
1,316
2,414
2,287
1,255
2,128
2,295
1,895
1,815
2,125
1,230
2,370
2,408
1,393
1,992
2,043
828
1,849
1,743
951
Public, total 9
do
Buildings (excluding military) 9
do
Housing and redevelopment _
do
Industrial..
do
Military facilities
do
Highways and streets. __ _
do
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Co.) !
Valuation, total T - Index (mo. data seas, adj.)
330-841
O - 69 - 4
mil $
1957-59 =100__
i 50, 150
53, 446
2145
2153
166
159
6,387 6,649
2,835 4,663
4,895 3,001
3,267 2,800
3,930
IT Be ginning Jan. 1968 , data ar 3 not ent irely coniparable with tho se for ear Her periods; new
compi ation m(ithod rai ses the le vel of re sidential data by 8 percerit and th e total valuation
§ Datei for No\r. 1967 arid Feb., May, Atig., and Oct. 196S are for 5 weeks.
by 3p ercent.
other inonths, 1 weeks.
SURVEY OF CURRENT BUSINESS
S-10
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
| 1967
Annual
1967
Dec.
February 1969
1968
Jan.
Feb.
Mar.
Apr.
May
June
1969
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
'98.9
52.1
'95 5
103.0
CONSTRUCTION AND REAL ESTATE—Continued
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total, incl. farm (private and public) _.. thous .. 1,196.2
779.5
One- family structures. _ _ _ _ _ . _ d o _ _
1, 165. 0
Privately owned
do
1, 321. 9
844.9
1, 291. 6
83.1
47.1
80.1
82.7
45.3
80.5
87.2
55.4
84.6
128.6
79.4
126.6
165.2
98.0
162.0
145.1
87.0
140.9
142.9
81.6
137.9
142.5
86.5
139.8
141.0
82.6
136.6
139.8
80.3
134.3
143.3
85.7
140.8
128.1
64.4
' 127. 1
1, 172. 8
807.3
1,141.5
1, 298. 8
919.7
1, 268. 4
82.1
63.6
79.1
82.0
63.5
79.8
85.3
61.4
82.8
126.0
92.1
123.9
162.2
118.4
159.1
143.3
101. 2
139.0
141.1
103.6
136.0
140.0
100.6
137.3
138.9
101.0
134.5
138.0
102.9
132.4
140.6
99.3
138.1
126.1
95.5
123.7
1,250
1,235
1,456
1,430
1,537
1,499
1 511
1,479
1,591
1,562
1,364
1,345
1,365
1,248
1,531
1,507
1,518
1,496
1,592
1,570
1,570
1,541
1,390
1,148
1,394
1,416
1,340
1,280
1,281
641
1,289
1,290
1,393
1,378
659
Total nonfarm (private and public)
do
In metropolitan areas
do
Privately owned .
. _ do
Seasonally adjusted at annual rates:
Total, including farm (private only)
Total nonfarm (private only)
do
do
New private housing units authorized bv building
permits (13.000 permit-issuing places):!
Seasonally adjusted at annual rates:
Total
thous
One-family structures
do
1,141
651
745
667
724
728
675
663
673
'r 1, 733 ' 1,492
1, 705 '1,477
1,425
694
706
729
98.7
' 98 0 101.7
71.8
97.4
'94.6
'1,463
' 736
1,816
1,783
1,352
644
CONSTRUCTION COST INDEXES
Dept of Commerce composite!
1957-59—100
American Appraisal Co., The:
Average, 30 cities
1913=100
Atlanta
.
do
New York
_- _ __ -. _ _
do
San Francisco
do
St. Louis
do
119
125
127
127
128
128
129
130
132
132
133
134
134
134
136
867
941
963
867
852
909
992
932
937
938
940
979
986
992
994
997
1,008
1,033
1,044
1,047
1,044
1,065
1,056
1,087
1,092
1,110
1,092
910
903
937
919
1,075
1,087
1,081
1,090
941
923
1,033
1,044
958
973
1,025
1,026
945
1,007
1,111
1,099
1,013
Associated General Contractors of America, Inc.,
The (building only)
1957-59-100
943
923
943
923
1,053
1,048
944
927
1,064
1,052
948
962
958
964
968
964
979
967
980
969
980
969
1,110
1,093
1,001
969
971
127
132
134
134
134
135
135
136
138
140
141
142
142
143
143
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
122.1
123 2
122 2
120.1
129 8
130 7
130 2
127 4
133.9
134 7
134 4
131.2
133.7
134 6
134 2
131.1
134.1
135 1
134 6
131.6
134.6
135 5
134 9
132.4
135. 3
136.2
135 5
133.3
137 3
138 4
137 5
135 2
139.6
140 8
139 8
137.4
140.6
141.8
140 6
138.5
142 5
141 7
139.2
142.1
143.1
142 2
140.1
142.2
143.3
142.4
140.3
142.3
143.4
142.4
140.3
144.1
143 1
141.1
Engineering News-Record:!
Building _
.
Construction
123.4
134.1
127.4
140.8
130.4
144.5
131.4
145.7
131.8
146.5
132.5
147.0
132.9
147.6
134.8
150.2
136.2
151.9
136.7
152.4
138.3
154. 1
140.7
156.0
141.6
156.6
141.7
156.7
143.1
158.0
113 0
117 6
119 2
157 6
153 2
133.0
154 8
140.0
149 1
147 2
166 4
164 0
169 5
176.8
173 7
183 0
170 5
175.8
164 3
'• 181. 6
'• 189 7
169 0
155 0
189 8
163 0
149 6
186 6
147 6
137 0
127 5
147 1
152 6
101 5
158 6
155 9
122 0
184 8
167 2
156 7
192 7
175 6
205 9
203 1
179 0
223 7
201 2
161 6
221 1
210 1
166 7
249 8
153.0
167.2
99.2
124.3
10.2
162
7.9
125
11.2
163
8.4
122
12.4
152
10.6
141
15.9
160
11.6
127
14.7
144
12.4
126
15.7
161
11.0
110
13.7
157
10.4
120
13.2
146
12.5
135
6 095 32 5 884 64
2, 600. 53 3 404 87
457. 89
340. 32
577. 59
348. 77
436. 34
279. 57
434 80
267. 29
470 58
265.30
495 28
280. 15
493 61
240. 95
*3Qa
4 386
4 442
4 348
4 269
4 545
4 719
4 889
4 988
4 997
5 026
5 035
1 456
1 766
1 959
2 087
1 965
1 844
1 977
1,823
1,930
305
704
447
409
840
517
475
934
543
505
426
409
1,041
1,066
396
1 031
1,146
422
392
975
456
461
986
483
134 80
do
do
Bu. of Public Roads— Highway construction:
Composite (avg for year or qtr )
1957-59—100
119 8
121 0
120 6
1,015
1,125
1,105
1,035
978
144.2
158.7
132 6
CONSTRUCTION MATERIALS
Output index:
Composite, unadjusted 9
Seasonally adjusted
1947-49—100
do
Iron and steel products, unadjusted
Lumber and wood products unadj
Portland cement unadjusted
do
do
do
' 169. 9
162. 7
r
180.7
159. 6
152.2
159.7
151 9
175 1
263 8
159.1
173 0
238 4
r
r
159.6
188.8
272. 6
144.3
163.4
185.2
15.2
167
11.5
127
14.0
168
10.4
125
17.1
198
12.7
147
13.5
211
11.4
172
'171.8
155 7
r
r
REAL ESTATE
Mortgage applications for new home construction:
Applications for FHA commitments
thous. units. _
Seasonally adjusted annual ratest___ . do
Requests for V A appraisals.
do
Seasonally adjusted annual ratesj. _ _ _ 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 $
6 935
New mortgage loans of all savings and loan associations, estimated total!
mil $
By purpose of loan:!
Home construction
do
Home purchase
do
All other purposes
do
Nonfarm foreclosures
Fire losses (on bldgs contents etc ")
mil $
19 891
1 759
1 389
4 190
9*505
6 196
380
780
599
291
665
433
117 473
110 541
8 119
8 414
7 822
8 127
8 040
8 577
7 630
7 082
6 446
6 669
153 95
149 7H
1 re ec
1Q7 9*i
1 *\9 O1^
1 ^7 79
I
154 71
159 14
131 69
AQfi
7fi
127 82
541
473
417
13.2
191
10.1
148
588. 18 ' 707. 37 ' 598. 76 525. 34
322. 30 359. 54 376. 98 365. 50
3 605
7 747
5 372
16 724
number
4
572. 97 '595. 13
326. 86 340.69
12.3
187
9.0
136
5 040
5 259
1, 707
1,834
'387
'860
'460
406
834
594
134 21
156 08
r
DOMESTIC TRADE
ADVERTISING
Marketing/Communications advertising index, seasonally adjusted:®
148
i wi
147
Combined index
1957 59 100
Business papers
do
128
129
125
134
Magazines
do
152
159
157
161
Newspapers
do
119
114
113
Outdoor
do
91
95
111
73
Radio (network)
do
109
118
101
117
Television (network)
do
194
208
209
209
T
Revised.
« Corrected.
iRevisions for Jan.-Aug. 1967 for new private housing units authorized; for 1965-May 1967
for Dept. of Commerce composite; for July-Dec. 1966 for ENR building and construction
cost indexes; for 1960-66 (seas, adj.) for FHA applications and VA appraisals; and for Jan.July 1967 for new mortgage loans will be shown later.
ifii
141
157
128
97
106
236
1 w*
152
164
146
154
150
122
128
125
129
128
132
137
173
168
141
161
162
160
161
IOC
126
128
123
126
116
122
122
101
90
84
82
95
75
87
79
151
137
175
147
144
129
123
122
236
198
203
210
206
222
212
211
ICopyrighted data; see last paragraph of headnote, p. 8-1.
9 Includes data for items not shown separately.
§ Data include guaranteed direct loans sold.
© Formerly Printer's Ink advertising index.
1 Ivi
139
151
SURVEY OF CURRENT BUSINESS
February 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1968
1967
1967
Dec.
Annual
S-ll
Jan.
Feb.
Mar.
Apr.
May
June
1969
Aug.
July
Sept.
Nov.
Oct.
Dec.
Jan.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Television advertising:
Network (major national networks) :
Net time costs total
Automotive incl accessories
Drugs and toiletries
Foods soft drinks confectionery
Soaps cleansers etc
Smoking materials
All other
m^l $
do
do
do
do
do
do
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
Beer, wine, liquors
do
Household equip., supplies, furnishings.. do
Soaps, cleansers, etc
Smoking materials
All other
do
do
do
Newspaper advertising linage (52 cities) :
Total
mil. lines
Classified
do
Display total
do
Automotive
do
Financial
.
_ _ do
General
do
Retail
. do
WHOLESALE TRADE
Merchant wholesalers sales (unadj.), total, mil. $
Durable goods establishments
do
Nondurable goods establishments
do
Merchant wholesalers inventories, book value,
end of year or month (unadj.), total
mil. $
Durable goods establishments
do
Nondurable goods establish rrents
do
RETAIL TRADE J
A 11 retail stores: J
Estimated sales (unadj ) total J
mil $
417.2
36.0
122.6
84 7
41 5
46.1
86 3
1,499.9
115 8
429 0
306 8
134 3
183 1
331 0
471 7
42 6
127 5
89 1
34 1
60 4
117 9
1 166 7
68 1
123 5
34 5
134 4
125 4
1,161.6
60 7
103 7
31 0
148 4
116 1
99.9
33
81
14
12 3
10 1
63.3
84.7
1.2
7.1
6.7
9 6
18
11 2
9 1
105.9
6 3
11 1
31
12.3
10 3
119.2
86
12 7
4 8
11 9
99
116.0
4 4
79 2
80.1
89 2
70.7
15 0
3.4
2.5
4.5
2.8
6.8
6.2
78
8.1
9.6
17 6
39 6
411 0
22 9
39 9
416 3
5.1
1i
4 7
34 4
1.6
3.2
1.7
2.7
15
30
33 6
27.6
69.9
4.1
2.6
9.3
3.7
14.5
14.3
4 8
2 2
10.3
91
10.5
7.9
6.3
4.6
4.1
3
19
29
23 9
2.5
3 7
5.6
8.5
9.7
59
1.1
9.6
6.2
55
2 5
38
43 1
1.9
4.0
1.5
4.2
42.1
35.1
282.4
79 0
203 5
14.4
277.5
76 0
201 4
16 6
306.5
82.5
224.0
17.3
279.2
79.0
200.2
16.6
26 0
157.6
26 1
152 2
29.0
172.2
23.4
154.3
6.2
3.4
1.6
106.8
10.6
134.7
127.2
6.6
7.1
100.6
4.0
7.4
1.6
6.8
3.1
17 3
13.9
11.6
13.5
15.1
11.6
12.0
9.5
7.5
58
10.4
9.4
53
13.0
9.8
54
15.6
5.4
4 2
3 .6
41.6
1.8
4.4
4.3
24.8
44.9
50.9
36.0
9
2
8
6
9
6
7
277.9
83 8
194.1
13.3
292.8
83.3
209.5
15.9
315.7
84 1
231.5
16.0
315.9
79.0
236.8
13.1
316.0
67.9
248.1
18.1
158.6
27.1
160.9
31.7
176.7
32.5
185.0
24.2
207.5
0
5.7
1.5
3.2
7.1
7.1
1.9
2.2
2.9
2.8
4.1
9.1
i!i
3 354 3
924 3
o 430 o
182 9
73 2
310 3
1 863 6
283 2
3 297 8
59 8
878 1
223 4
2 419 6
9.2
158 5
5.6
66 9
22
2
297 1
1 897 1 186 4
231.3
67 0
164.2
11.4
17.3
127.9
236 1
66 9
169 2
13 4
4 6
22 3
128 9
203 751
91 026
112 7°4
205 188
90 447
114 741
17,408
7 530
9 878
16, 863
7 365
9,497
16 816
7 541
q 275
17 775
8 026
9*749
18087
8 397
9*690
18, 578
8,482
10, 095
17, 961
8 241
9,720
18 488
8 515
9 973
18,933
8, 629
10,304
18,640
8,590
10, 050
19,979 '18,906
r
9,220 r 8, 578
10, 759 !0, 329
18, 922
8,463
10, 459
20 520
11 805
8 715
21 607
12 308
9 299
21 607
12 308
9 299
21, 678
12 236
9 442
21 555
12 308
9 247
21 679
12 564
9 115
21 841
12 881
8 960
21,816
12 851
8,965
21 952
13 020
8 932
21 908
13 030
8 878
22,094
13,183
8,910
22, 170
13 065
9, 105
22 631 '22, 790
13 162 ••13, 202
9 470 '9,588
22, 378
13, 032
9,346
303 056
313 809
32 622
24 094
24 210
27 049
27 602
29 285
28887
28 542
29410
27 015
29 418
173
273
966
307
267
9 032
4 573
4 111
7 517
4,642
4 339
8 916
5 526
5 187
9 134
5*549
5 171
9 917
6,112
5 706
9 828
5,974
5 543
9 696
5 773
5 354
9,383
5,365
4 951
8,703
4,814
4 457
10 039
5,992
5 595
1 738
1,205
7 883
4 842
4*557
*285
1 205
*722
1 253
1 217
1 314
1,353
1 393
1,479
1,412
1,450
12 675
9 781
2 894
213, 636
18, 123
1 088
1 338
1 055
1,355
1 077
Durable goods stores 9
do
98 301
Automotive group
._
_ do. _ _ 58 089
Passenger car, other auto, dealers
do
54 144
Tire, battery, accessory dealers . do
3 945
Furniture and appliance group 9
do
14 558
Furniture, homefurnishings stores
do. __
Household appliance, TV radio
do
Lumber, building, hardware group
do
12 573
Lumber bldg. materials dealers o"
do
9 769
Hardware stores
do
2 804
Nondurable goods stores 9
do.
205 655
Apparel group
___„
do
17, 291
Men's and boys' wear stores _
do
Women's apparel, accessory stores
do.
Family and other apparel stores .. do
Shoe stores
_
do
Drug and proprietary stores
do
9 988
Eating and drinking places _ _
._ do
22, 098
Food group
do
68 137
Grocery stores.
.
do
Gasoline service stations
do
21, 792
General merchandise group with nonstores 9
mil $
46 961
General merchandise group without nonstores 9 §
mil. $
Department stores
do
27,868
Mail order houses (dept. store mdse) do
Variety stores
do
Liquor stores
do
6 081
Estimated sales (seas, adj.), total f
_.do
Durable goods stores 9
._ do
Automotive group
do
Passenger car, other auto dealers
do
Tire, battery, accessory dealers
do
Furniture and appliance group 9 . do
Furniture, homefurnishings stores
do
Household appliance, TV, radio
do
Lumber, building, hardware group
do
Lumber, bldg. materials dealers cf
do
Hardware stores . .
do
Nondurable goods stores 9 .
do
Apparel group
do
Men's and boys' wear stores
do
Women's apparel, accessory stores
do
Family and other apparel stores
do
Shoe stores
do
100
58
53
4
15
10 721
23, 473
69 113
22, 739
462
956
616
7.6
303
726
381
749
339
641
390
891
708
183
23, 590
2,618
16, 577
1,277
16 327
1 155
686
997
595
340
1 241
2,041
6 562
6 110
1,958
332
493
242
210
901
267
462
233
193
887
1,836
5 596
5,232
1,874
1 837
5 598
5 227
1 809
5.5
339
769
402
1 013
797
216
18, 133
1,430
313
559
295
263
901
6.6
378
783
363
1 190
*926
5.5
406
871
376
1 269
264
986
283
18 468
1 627
19,368
1,538
364
617
334
312
906
5.8
431
875
414
1,290
1 010
280
19,059
1,522
367
600
312
259
953
375
577
311
259
938
249
75
174
13
6
18
135
419
861
440
4.1
414
905
476
5.7
357
850
460
397
907
456
1,257
997
260
1,339
1 063
283
278
18846
1,421
20, 027
1,633
18, 312
1,557
19, 379
1,654
325
548
312
236
938
342
618
378
295
962
2,022
6 113
5 705
1,970
2 034
5 838
5 420
2 012
2,189
6 310
5,883
2,097
2,245
6 252
5,825
2,150
2
6
5
2
287
196
766
197
2,413
6,596
6,166
2,202
332
608
333
284
912
6.2
7.2
276
373
656
360
265
941
9.3
7.1
r
30, 112 '34 132 125, 938
'9,554
'5,623
' 5, 196
427
'9,704
' 5, 078
4,615
i 8, 270
i 5, 034
463
' 1, 489 ' 1, 755 i 1, 198
1,024
'933
'464
604
1,192
' 1, 443
'907
823
369
'291
'20, 558 '24, 428 U7, 668
' 1, 810 '2,666 U.379
702
'437
989
'701
395
2,175
5,860
5,448
2,017
2,161
6,108
5,685
2,064
'277
'924
'2,045
' 6, 425
'6,009
'2,055
626
349
'1,308
'2,045
' 6, 393
' 5, 965
'2,089
1954
i 1, 914
16,158
15,790
U,996
49, 820
7 376
3 289
3 296
3 901
4 218
4 342
4 296
4 222
4,671
4,266
4,697
'5,488
7,739
i 3, 499
29,589
6 698
4,512
373
2,916
1,949
187
2 912
1,912
197
3 487
2,334
238
3 813
2,538
248
3,911
2,628
239
3,890
2,641
218
4,209
2,843
316
474
583
'4,997
'3,402
417
'578
'647
i 3, 176
i 2, 237
523
600
3,831
2,602
256
' 7, 224
'5,026
436
487
560
4,243
2,844
273
496
581
3 800
2,538
233
26,368
8 422
4 738
4 378
26, 936
8,502
4 951
4 563
27 512
28, 145
9 062
5 307
4 921
27, 675
28, 132
28,451
28,802
29,037
8 871
5 189
4 812
8 871
5 117
4 744
9,081
5 399
5 027
9,290
5 604
5 219
9 402
5 598
5 213
9,567
5 736
5 347
1,323
1,362
1 363
1 372
1 349
1,367
1,381
884
429
1 420
1,446
882
415
1 190
1 202
1 191
1 170
947
243
948
254
874
259
904
266
1 181
1 197
932
259
1 133
899
282
924
273
18 641
1 574
19 083
1 659
'405
18 804
1 547
19 051
1 563
19 161
1 597
19400
1 677
19 470
1 696
6 409
982
822
360
777
429
346
502
388
824
428
1 114
878
236
846
17 946
1 473
18 434
1 530
345
560
327
241
379
589
309
253
387
486
377
826
440
' Revised.
i Advance estimate.
JSeries revised to reflect a new sample of retailers.
The most important difference between this and the old sample is accounted for by the
general merchandise group which now includes all non-stores, i.e., mail order houses, merchandising machine operators, and direct selling establishments. Formerly, many non-store
establishments were classified outside of the general merchandise group, particularly in the
food and eating and drinking place groups. Revisions for total retail sales, durable and non-
67.7
99.9
11.9
31
39 8
2.2
301.3
18.1
88.6
57.4
33.0
28.4
75.8
331.3
23.0
89.2
63.2
33.7
33.1
89. 1
1 411 3
106 7
429 8
274 o
131 5
161 4
308 0
367
601
338
268
432
537
386
843
440
621
359
274
497
516
373
837
422
380
580
338
249
372
385
599
334
245
385
366
634
340
257
385
859
446
380
662
357
278
389
855
475
380
665
359
292
451
548
498
584
979
838
28,863 ' 28, 676 '28, 779 '28,083 128, 673
9,699 ' 9, 372 '9,272 '9,074 i 9, 396
5,268
5,907 ' 5, 593 ' 5, 497
4,894
5 523 ' 5 205 '5,089
374
'408
••388
384
1,335
1,402
1,359 '1,350
831
'848
837
871
422
'425
435
441
1,223
1,200 ' 1, 173
1 196
961
'893
930
927
262
'280
270
269
'19,009
119, 277
'19,
507
19,304
19, 164
1,555
1,634 '1,663
1 621
363
'396
373
367
578
'637
638
647
329
278
343
280
353
'277
353
261
durable totals, and selected lines of trade, unadj. and seas, adj., back to 1961 appear on p.
22 ff. of the Nov. 1968 SURVEY. Further details appear in the Census Bureau Monthly Retail
Trade Report, Aug. 1968.
9 Includes data for items not shown separately.
d*Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical
stores.
§Except department stores mail order.
S-12
SURVEY OF CURRENT BUSINESS
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1967
Annual
Dec.
February 1969
1968
Jan.
Feb.
Mar.
Apr.
May
1969
Sept.
Oct.
Nov.
June
July
Aug.
956
2,114
6,194
5,773
2,055
967
2,068
6. 140
5, 720
2, 053
972
2.139
0, 104
5, 770
2, 073
967
2, 151
0, 145
5. 723
2, 037
963
'935
2,146 ' 2, 132
6, 133 ' 6, 236
5,714 ' 5, 817
2,040 ' 2, 065
2,051
6, 133
5,741
2.054
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
mil. $
Eating and drinking places
do
Food group
do
Grocery stores
_ _
_ _ _ do__ _
Gasoline service stations
do
General merchandise group with nonstores 9
mil. $
General merchandise group without nonstores 9 §
nail $
Department stores.
_
_ . do
Mail order houses (dept. store mdse.)do
Variety stores
_
_ _ _ __do
Liquor stores
do
Estimated inventories, end of year or month :f
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
do
Apparel group
do
Food group .
..
do
General merchandise group with no'istores
mil. $ .
Department stores .
._ ._. ..do
Book value (seas, adj.), total
.do
Durable goods stores 9
..do
Automotive group
do
Furniture and appliance group
do
Lumber, building, hardware group do
Nondurable goods stores 9
do
Apparel group
do
Food group
_ _
._
do
General 5 merchandise group with nonstore !
mil $
Department stores.
__do
Firms with 11 or more stores:}
Estimated sales (unadj.), total 9
do
Apparel group 9
do
Men's and boys' wear stores ...
do.. _
Women's apparel, accessory stores
do
Shoe stores
do
Drug and proprietary stores... .
do
Eating and drinking places
do
Furniture and appliance group..
do
General merchandise
group with nonstores9 -mil. $
General merchandise croup without nonstores §
mil $
Dept. stores, excl. mail order sales
do
Variety stores
do
Grocery stores..
_
do
Tire, battery, accessory dealers
do
Estimated sales (seas, adj.), total 9
do
Apparel group 9
do
Men's and boys' wear stores
do
Women's apparel, accessory stores..
do
Shoe stores.
. _
do
Drug and proprietary stores
do
Eating and drinking places _
do
General merchandise
group with nonstores 9
mil $
General merchandise group without nonstores §
mil $
Dept. stores, excl. mail order sales
do
Variety stores
do
Grocery stores..
do
Tire, battery, accessory dealers ... ._
do. .
All retail stores, accounts receivable, end of yr. or mo.: }
Total (unadjusted)}
mil. $..
Durable goods stores . . .
do
Nondurable goods stores
do
Charge accounts. _ ._
do
Installment accounts..
do
Total (seasonally adjusted)}
do
Durable goods stores
do
Nondurable goods stores do
Charge accounts
...
do
Installment accounts..
do
934
2,023
5,920
5,514
1 910
7 927
4,376
38, 368
17, 309
8 066
2,825
2 634
21 059
4,300
4,086
8 503
4,660
932
2,083
5,914
5,525
1 990
921
2,117
6,044
5, 626
2, 054
934
2,099
6, 084
5, 658
2, 041
959
2,119
0. 131
5,717
2, 042
4,295
4,269
4,348
4,457
4,390
4,455
4,490
4,757
4,677
4,506
4,622 r 4, 749
4,479
3 859
2, 564
4,020
2, 689
267
523
588
3, 986
2, 680
4,038
2,698
249
521
589
4,077
2,725
271
516
578
4,315
2, 907
278
527
596
4,241
2, 861
280
519
589
4,047
2,733
268
492
592
4,141
2,798
283
520
603
r 4, 281
256
501
567
3,925
2,623
250
511
552
'525
'606
4,075
2,809
267
496
565
41,496
19. 278
0. 069
3. 03')
40.! '-10
IS.*'"'
S.7'4
3, 035
2. 801
22,021
4.431
4.2 •'!
30,971)
17.530
7. 34S
3,032
2, 764
22, 443
4.670
4, *U
40, 543
17.244
42. 083
18, 240
7, 808
3,140
2,806
24, 437
5,116
4. 5fV2
43, 815
IS. 806
8,437
3,158
2,790
24, 949
5,145
4, 651
41, 346
18. 846
8,758
3,029
2,797
22,500
4,536
4.511
•: . 1-- :
O.&M
10, 5or>
5, 180
41,010
18, 501
8,417
3, 035
2,781
• > . ,<v,.j
4, 574
4,3si
'.- 733
5,375
41,424
18,622
8, 590
;{, 008
•2, 799
••»•> 802
4. G«i8
4,408
5,884
42, 220
19, 165
8,945
3,046
2,820
23, 055
4, 720
4,4,0
10. 810
6,116
42. 488
19, 361
9,121
3,019
2,798
23, 127
4,694
4, 555
9, 237
5, 286
42, 750
19, 461
8,919
3,139
2,898
23, 289
4,760
4,493
0, 351
5, '231
0, 360
5, 153
9,525
5,254
9,624
5,337
9,899
5,623
9,015
'492
11, 179
266
497
554
38, 045
16, 832
7 284
2,825
2,575
21 213
4 178
4 290
38,045
16, 832
7 284
2, 825
2, 575
21 °13
4 178
4,290
38,430
17, 493
7. 845
2,811
2,641
°0 937
4 010
4.248
39,354
18, 019
8. 201
2,893
2,660
21 335
4 225
4, 271
40,447
18, 400
8, 413
2.953
2, 738
22, 047
4,405
4,324
41,247
18. 989
8, 799
3.034
2, 809
22 258
4. 4."0
4,300
22. 218
4. 388
4.371
41,163
19, 174
8,987
3,027
2,764
21.989
4,317
4, 334
8 304
4 717
39,318
17,403
7 425
2,927
2 666
21 915
4 384
4,273
8 304
4,717
39, 318
17, 403
7,425
2,927
2,666
21,915
4,384
4,273
8.312
4,640
39, 575
17, 566
7, 609
2 925
2 706
22 009
4,383
4,269
8,576
4,836
39, 788
17, 709
7,693
2, 992
2,703
22, 079
4, 392
4,314
8,967
5, 113
39, 776
17, 723
7,747
2.992
2,' 692
22, 053
4,401
4,311
" HO
9,137
5. 108
5, 170
40. 242 40. nor)
18, 113 18, 248
8,043
K, 102
3. OK) 3, 006
2, 713
2, 735
22, 129 22, 358
4, 450
4,443
4,384
4,338
9, 105
5,102
40, 842
18. 440
8,352
3, 000
2,712
22, 402
4. 50fi
4,351
8 900
5,018
992
3 770
2,529
242
491
528
37, 094
16, 771
7 888
2 731
2,545
20 323
4 085
4,102
941
2,015
5,886
5,496
1,975
9 704
,'. H>
41,005
18, 475
8. 407
3. 038
2, 807
4. * •>.)
4,350
7, 130
3, 059
2,788
23, 299
4, 953
4. :M'
' 2, 943
301
8 900
5,018
8 990
5,088
9 049
5,161
9,025
5,159
9 107
5,160
9. 206
5,252
9,366
5,298
9,448
5, 329
10 604
6 352
6 387
7,318
682
107
242
149
369
173
123
315
50
107
85
247
156
86
291
43
103
78
242
156
92
384
50
133
107
257
173
95
7,479
460
60
157
134
265
177
98
7.828
414
62
145
110
283
176
104
7,689
421
66
143
113
275
178
103
7, 532
3.W
o3
132
93
275
180
111
8.279
440
54
159
118
283
180
130
7.454
4-Y,
54
153
119
•201)
192
120
8,068
454
71
163
111
272
189
112
'176
'116
'275
'184
'117
729
125
265
156
447
173
140
5,224
2,248
2,266
2,713
2,969
3,033
3,013
2. 059
3.300
2,979
3,303 '3,920
5,620
4 592
3 610
2 070
1 515
2 073
1 490
2 763
2 003
2,801
2,083
377
2,882
161
7,794
430
65
147
112
277
166
2, 745
2, 023
364
2, 837
156
8, 045
454
67
159
115
°<«
100
3,080
2, 263
407
3,122
159
8,004
451
64
103
120
201
172
2,750
2, 0 8
347
2, 694
130
7,923
444
63
1 01
114
288
191
3, 055
2, 234
417
60
144
108
278
179
2,811
2,066
384
2,971
159
7,728
415
64
142
106
290
169
391
2,890
153
7,992
445
67
159
118
283
189
'3,661
' 2, 676
'468
' 3, 181
'161
' 8, 167
••445
'72
'158
'116
'276
'191
5,327
3,909
788
3,100
190
8,055
413
63
147
105
292
177
3 098
3 083
3 099
3 306
3 254
3 126
3,245 ' 3, 357
3,306
3 100
2. 201
40' »
2. 931
147
3 015
2,243
407
2 018
153
2 890
2, 127
378
2, 916
141
3, 017
2, 208
«• 3, 110
' 2, 270
'422
402
2,916 ' 2, 990
' 154
153
3,061
2, 274
' 18. 483
~ 6, 846
'11,637
' 7. 041
- 10. 542
' IS, 072
18, 641
6, 892
11, 749
8,071
10, 570
18, 841
6, 777
12, 064
8, 123
10, 718
19, 022
7, 117
11,905
8,368
10, 654
19, 198
7,004
12, 194
8,334
10,864
19,400
201,30 1 201. 56
201. 75
201. 94
202. 11
202.
82,477
78, 874
70, 364
72. 500
3, 707
2,511
82, 702
79, 185
76, 609
73, 001
3,607
2, 577
82,618
79, 118
70,700
73, 421
3,279
2, 419
81,7
78,2
75,3
72,1
3,1
2,8
167
263
2,635
107
296
2,676
105
7 309
7 503
7 681
379
53
133
99
236
175
416
59
150
108
274
169
428
63
152
108
272
173
2,499
1,821
339
2,967
122
7 707
442
64
152
114
268
175
2 999
2 99?
3 104
3 132
778
3,135
2 773
2 028
2 787
2 023
2 728
2 780
' 138
388
121
386
393
2,738
146
7 718
2 879
2 102
2 901
2 100
412
2 889
2 115
396
2 805
2 815
2 864
140
139
385
144
2 868
2,087
403
2 854
148
2 889
2,115
401
2 923
141
>• (\. ooo
"11,082
r
' 7. 03'. >
If X 733
'85
398
2,981
144
12, 203
8,388
19, 298
7,042
12, 256
8,239
11, 059
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, incl. armed forces overseas
mil
LABOR FORCE
Labor force, total, 16 years of age and over
Civilian labor force,
Employed, total...
Nonagricultural employment-Agricultural employment
_
Unemployed (all civilian workers)
1
196 92
1
199 12
200 09
200 25
200 36
200 51
200 66
200 83
201 00
?01 17
80, 793
77 347
74 372
70 528
3 844
2,975
81, 527
78 057
75 338
71 793
3 545
2,719
79, 811
76 347
73 273
69 908
3,366
3,074
80, 869
77 402
74 114
70 653
3 462
3,288
80, 938
77 447
74 517
70 980
3 537
2,929
81,141
77 634
75 143
71 292
3 851
2,491
81,770
78 234
75* 931
71 935
3 996
2,303
84, 454
80 887
77 273
72 757
4 516
3,614
84, 550
SO °»»»4
77 740
78, 893
75 770
72 895
68 915
3 979
2,875
r
Revised.
i As of July 1.
} See corresponding note on p. S-ll (beginning Aug. 1968,
accounts receivable data reflect introduction of the new sample; no comparable data are
available.' for earlier periods).
9 Includes data not shown separately.
§ Except depart-
•
!
thous
do
do
do
.do
do
!
83. 7: 2
M"» -*u
77 4".'
S2. 137
78. f4A
7".. 030
4. 1 ~
2.772
H.S3»>
2. ''00
73 27n ;:V ;r_:
4 47'o,217
1 K.
Serio;
merit stores mail order.
and 1967 Annual Retail Trade Report-?
sales sample; revised data back to r»>l app-
72. 103
• r U iiehiiuu king to the levels of the 1966
>:«i"im to tlio definitions of the new retail
[-. ^2 tf. of the Nov. 1068 SURVEY.
SURVEY OF CURRENT BUSINESS
February 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
| 1967
Annual
1967
Dec.
S-13
1968
Jan.
Feb.
Mar.
Apr.
May
June
1969
July
Aug.
Sept.
Oct.
'78,847
'76,000
'72,349
' 3, 651
'78,800
'76,002
'72,477
' 3, 525
Nov.
Dec.
Jan.p
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
LABOR FORCE— Continued
Seasonally Adjusted
Civilian labor force t
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) :|
All civilian workers
__.
Men, 20 years and over.
Women, 20 years and over
__
Both sexes 16~19 years
78, 473
75. 577
71, 361
4,216
77, 923
75, 167
71,164
4,003
78, 672
75, 731
71,604
4,127
78, 658
75, 802
71, 7*8
4,014
78, 343
75,636
71,656
3, 980
78, 613
75, 829
71, 936
3,893
79, 018
76, 048
72, 197
3,851
78, 985
76, 038
72, 202
3,836
2,941
455
2, 856
448
2,707
398
2,784
410
2,970
423
2,947
453
3.7
3. 0
3.5
3.5
4.0
12. 6
3.7
13.0
3.7
11.9
3.7
12.6
3.8
2.3
3.7
13.6
3.7
2.2
3.9
13.6
3.5
2.2
3.7
12.0
3.6
2.2
3.9
'12.5
3.6
2.3
'3.7
'12.3
'3.4
2.0
'3.5
12.2
3.3
1.8
3.5
'12.7
3.3
2.0
3.5
11.7
1.7
7.2
3.3
1.7
6. 0
3.2
1.5
6.7
3.1
1.6
6.4
3.2
1.7
7.2
3.3
1.6
6.9
3.3
1.6
6.2
3.2
1.6
'6.6
3.2
'1.6
'7.3
'3.1
1.6
6.5
3.0
1.4
6.0
'3.0
1.4
6.0
3.0
78, 690
75, 929
72,196
3,733
'79,042 '79,368
'76,388 '76,765
'72,682 '72,923
' 3, 706 ' 3, 842
2,761 ' 2, 847 ' 2, 798 ' 2, 654
398
'373
'381
'348
79, 874
77, 229
73, 477
3,752
536
449
2,896
445
2,756
488
3.8
2.5
3.8
12 7
3.8
2.3
4.2
12.9
3.7
2.2
4.1
12.8
3.5
Married men*. _. __ _
N on white workers*
White workers*
1.9
7.3
3.3
1.8
7.4
3.4
1.7
6.9
3.3
3.9
11.3 i
I
1.6
6.4
3.2
Occupation: White-collar workers*
Blue-collar workers*
Industry (nonagricultural):
Private wage and salary workers*
Construction* ..
Manufacturing*
__ __ _
Durable goods*
2.0
4.2
2.2
4.4
2.1
4.3
2.0
4.3
2.2
4.3
1.9
4.4
1.8
3.9
1.9
3.7
2.1
4.2
2.1
4.3
2.0
4.2
'2.0
4.1
2.0
'4.0
2.0
'3.9
' 1.9
3.6
1.9
3.8
3.8
8.1
3.2
2.8
3.9
7.3
3.7
3.4
3.8
6.1
3.5
3.5
3.6
8.3
3.3
2.8
3.8
7.4
3.6
3.4
3.6
8.0
3.5
3.1
3.4
5.7
3.3
3.4
6.5
3.2
2. 9
3.8
8.1
3.2
2.8
3.8
7.0
3.3
2.8
3.6
6.9
3.4
3.1
3.6
'5.7
'3.3
'3.1
'3.6
'6.0
3.4
3.2
3.4
'6.5
'3.2
'3.1
'3.3
'5.4
2.8
2.6
3.4
5.5
3.2
2.7
64,034
66,030
67,903
66,017
66,393
66,713
67, 422
67, 724
68,724
68, 327
68,508
68,923
69, 292 '69,585 '70,095
68,446
64,034
627
3,275
19, 214
11,284
66, 030
616
3,203
19, 434
11, 422
67,060
603
3,275
19, 593
11, 498
67,058
604
3,107
19, 612
11, 541
67,600
608
3,388
19, 612
11,514
67,656
609
3,330
19, 607
11, 495
67, 755
632
3,313
19, 657
11, 533
67, 792
631
3,245
19, 693
11,545
68,039
632
3,174
19,777
11,571
68, 170
638
3,189
19, 776
11,619
68,314
638
3,195
19, 748
11, 563
68, 382
639
3,252
19, 755
11, 577
68, 701
591
3,285
19,807
11,603
261
614
462
644
1,351
1,351
1,910
317
598
455
629
1,318
1,361
1,967
334
605
464
640
1,306
1,374
1,942
334
605
465
638
1,306
1,374
1,962
334
612
466
609
1,305
1,369
1,957
336
607
466
591
1,304
1,374
1,960
337
599
468
641
1,320
1,373
1,949
338
594
471
640
1,322
1,376
1, 949
344
592
474
642
1,310
1,386
1,951
349
597
471
642
1,314
1,385
1,944
350
597
476
644
1,291
1,385
1,953
348
598
476
643
1, 279
1,391
1,957
'348
'353
334
'603
'613
603
'484
'487
478
'662
653
649
1,272 '1,284 '1,304
1,410 ' 1,416 '1,427
1,962 ' 1, 985 '1,967
1,909
1,918
431
434
7,930
1,777
84
964
1,402
667
1,017
961
184
511
364
1,953
1,947
448
429
8,012
1,785
87
957
1,400
681
1,048
1,002
183
516
351
1,962
1,993
450
428
8,095
1,786
93
970
1,407
687
1,054
1,021
185
537
355
1,965
2,007
450
435
8,071
1,775
85
972
1,399
688
1,054
1,021
185
537
355
1,965
2,015
450
432
8,098
1,773
87
981
1,403
690
1,055
1,023
186
545
355
1,957
2,018
449
433
8,112
1,777
87
979
1,408
690
1,058
1,024
186
546
357
1,955
2,015
448
428
8,124
1,783
81
979
1,417
692
1,058
1,020
185
550
359
1,963
2,013
447
432
8,148
1,778
87
982
1,422
696
1,061
1,023
186
552
361
1,960
2,031
448
433
8,206
1,797
87
990
1,433
699
1,062
1,030
188
559
361
1,962
2,070
446
439
8,157
1,777
87
987
1,416
697
1,064
1,033
188
559
349
1,963
2,013
452
439
8,185
1,778
90
990
1,412
702
1,067
1,036
187
566
357
1,964
2,035
451
435
8,178
1,773
87
987
1,422
700
1,063
1,037
186
566
357
1,957 ' 1, 971
2,046 ' 2, 020
455
454
'442
438
8,204 ' 8, 210
1,778 ' 1, 777
82
84
992
988
1,426 '1,419
708
704
1,068 '1,073
1,041 ' 1, 046
188
187
568
570
357
358
4,151
13, 245
3,437
9,808
4,271
13, 613
3,538
10, 074
4,302
13, 793
3,581
10, 212
4,317
13, 818
3,586
10, 232
4,342
13, 920
3,619
10, 301
4,332
13, 999
3,632
10, 367
4,331
14, 009
3,641
10, 368
4,281
14, 049
3,655
10, 394
4,336
14, 086
3,679
10, 407
4,346
14,117
3,680
10, 437
4,358
14, 181
3, 683
10, 498
3,100
9,551
10, 871
2,564
8,307
3,217
10,060
11, 616
2,719
8,897
3,289
10, 316
11,889
2,709
9,180
3,291
10, 331
11,978
2, 721
9,257
3,304
10, 405
12, 021
2,721
9,300
3,311
10, 415
12, 053
2,718
9,335
3,323
10, 402
12, 088
2,717
9,371
3,334
10, 425
12, 134
2, 721
9, 413
3,335
10, 467
12, 232
2,795
9,437
3,350
10, 498
12, 256
2,788
9,468
14, 297
14, 300
14,425
14,213
14,231
14,248
14, 303
14, 352
14, 622
14,415
_ _
EMPLOYMENT
Employees on payrolls of nonagricultural estab/.tl
Total, not adjusted for seasonal variation .. thous ..
Seasonally Adjusted
Total
Mining
Contract construction
Manufacturing
Durable goods
.
thous
do
.... _ . . do
do
. do
Ordnance 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
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
Finance, insurance, and real estate
do
Services . _ _
do
Government . . . . . .
. .
do
Federal .. ..
do
State and local
do
Production workers on manufacturing payrolls:
Total, not seasonally adjusted tl
thous..
1
Seasonally Adjusted
Totalt
thous
14, 297
14, 300 14, 400 14, 405 14, 393
Durable goods
. .
do
8,370
8,382
8,354
8,420
8,389
Ordnance and accessories
do
127
190
176
187
190
Lumber and wood products
do
536
531
520
527 1
525
Furniture and
fixtures
do
382
385
375
385 !
382
Stone, clay, and glass products
do
517
479
500
511
511 i
Primary metal industries
do
1,100
1,040
1,057
1,045
1,042
Fabricated metal products
do
1,052
1,052
1,056
1,063
1,062
Machinery, except electrical
do_. .
1,344
1,344
1,367
1,331
1,343
Electrical equipment and supplies
do.
1,325
1,318
1,316
1,319
1,319
Transportation equipment
do
1,366
1,423
1,371
1,411
1,420
Instruments and related products. _ do
275
280
279
280
279
Miscellaneous manufacturing ind
do
346
338
339
335
342
Nondurable goods
. .
do
5,926
5,946
6,011
6,011
5,985
Food and kindred products
.
do
1,180
1,186
1,178
1,191
1,181
Tobacco manufactures
do....
72
75
74
73
79
Textile mill products
do
859
849
870
860
861
Apparel and other textile products
do
1,246
1,240
1,243
1,233
1,240
r
Revised.
* Preliminary.
*New series. Mon ,hly data for earlier years ar e availal rte.
JEffective with this SURVEY, labor force data for Jsept. 1968--Jan. 1969 reflect n ew seaso nal
factors; comparable data for earlier months will appc ar in Mar . 1969 SUBVEY.
tEffective with the Sept. 1967 SURVEY, additional series (urlemploym ent rates , season*illy
adjusted production workers, hours, man-hours and man-hou r indexes, private sector di ita,
and spendable earnings) are shown; these are not in the 1967 edition of IBUSINESS STATIST ICS.
'68,955
'637
' 3, 279
'19,871
'11,661
' 2, 603
'322
2,645
316
'69,280 69, 538
640
'637
' 3, 378 3,346
'19,973 19, 986
'11,728 11, 791
353
617
488
661
1,310
1,438
1,988
' 1, 982
' 2, 029
'456
'448
' 8, 245
' 1, 790
'83
995
'1,425
'713
'1,074
' 1, 049
'189
'573
'354
1,990
2,034
457
455
8,195
1,791
85
993
1,424
717
1,076
1,051
128
577
353
4,365
14, 222
3,695
10, 527
4,374 ' 4, 392 ' 4, 391
14, 298 '14,326 ' 14,260
3,722 ' 3, 719
3,708
10, 590 ' 10,604 '10,541
4,380
14, 425
3,738
10, 687
3,376
10, 548
12, 270
2,751
9,519
3,387
10, 545
12, 217
2,716
9,501
3,411,
10, 610
12, 325
2,705
9,620
' 3, 426 3,441
'10,702 '10,757
' 12,322 ' 12, 443
2,696 '2,715
' 9, 626 ' 9, 728
3,454
10, 810
12, 497
2,754
9,743
14, 561
14, 739
14,718 '14,725 ' 14,695
14, 495
14, 439 14, 449 14, 523 14, 512 14, 474 14, 476 14, 524 '14,568 ' 14,667 14, 695
8,424
8,401
8,406
8,604
8,410
8,399
8,432 ' 8, 475 ' 8, 541
8,458
198
192
193
200
198
'198
200
200
186
'199
514
520
516
517
536
521
'531
518
520
517
392
387
389
393
406
'403
393
389
396
'400
517
514
517
515
533
'533
516
518
520
525
1, 042
1,054
1,054
1,012
,045
1,044
,023
1,009 '1,020 '1,041
1,070
1,059
1,060
1,073
,112
,066
1,092 ' 1, 093 ' 1, 103
1,068
1,334
1,332
1,331
1, 332
,365
,331
1,337
1,357 ' 1, 342
1,322
1,305
1,312
1,310
1,313
,330
,313
1,302 '1,311 ' 1, 323
1,308
1,438
1,419
1,425
1,439
,415
,436
1,446
1,423 ' 1, 434
1,478
275
275
275
277
'281
281
272
278
280
280
339
335
338
341
'352
344
360
344
344
'346
6,099
6,033
6, 066
6,048
6,054
6,091
6,075
6,092 ' 6, 093 ' 6, 126
1,204
1,191
1,185
1,183
1,191 ' 1, 188 '1,203
1,208
1,185
1,187
73
68
74
73
71
'70
73
74
'69
77
877
868
871
875
877
'881
878
876
878
873
1,265
1,251
1,254
1,256
1,259 1 ' 1, 252 '1,256
1,255
1,249
1,245
IfBe ginning i n the J me 1968 SURVEY , payrol employ inent arid earnirigs data (except
man-h ours, bejsinning .\ug. 1968 SURVEY ) reflect revised benchma rks and seasonal factors;
compEirable eai lier data , except man-hou rs and nlan-hour indexes, appear '. n BLS Ibulletin
1312-6 EMPLOYfMENT A ND EAR!SWINGS FO R THE IJNITED STATES, 1909-68, $5.75, a vailable
from t he Gov't . Printing Off., W ash., D. 3.20402.
14,386
8,371
191
528
385
463
1,038
1,062
1,346
1,311
1,429
278
340
6,015
1,181
74
867
1,243
S-14
SURVEY OF CURKENT BUSINESS
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1968
1967
Annual
Dec.
February 1969
Jan.
Feb.
Mar.
Apr.
May
June
1969
July
Aug.
Sept.
Oct.
Nov.
Bee.
Jan.p
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT— Continued
Seasonally Adjusted
Production workers on manufacturing payrolls —
Continued
Nondurable goods industries— Continued
Paper and allied products
thous__
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products .
do
Eubber and plastics products, nec_
do...
Leather and leather products. _
_do
518
646
574
115
398
318
528
662
592
115
397
304
533
662
604
117
415
307
534
660
605
117
415
306
535
662
606
117
422
307
534
662
607
117
422
308
536
663
602
117
426
311
538
665
603
118
427
312
542
664
609
118
435
312
542
665
610
119
433
301
545
666
614
118
438
307
541
663
614
118
438
306
546
667
617
119
441
308
'550
'669
'620
119
440
309
'554
671
'622
119
'444
'306
556
670
623
76
448
304
42 7
37 6
41.3
42 6
37 7
40.6
39
42 1
4 3
42.2
40 8
41 5
42 0
42 1
42 4
43 8
41 2
42 6
42 1
40 0
34
41 2
35
41.7
40 2
40 4
41 6
41 1
41 5
42 6
40 2
41 4
41 3
39 4
42 5
37 2
41.1
40 7
34
41 3
36
41.6
40 1
40 7
41 7
41 6
41 6
42 4
40 4
41 7
41 2
39 4
41 8
36 0
40.0
40 2
35
40 9
37
40.2
38 6
39 6
40 8
41 5
41 5
41 8
40 1
41 8
40 6
39 2
42 3
37 9
40.6
40.8
35
41 4
36
42.2
41 2
41 0
41 9
41 8
41 4
42 2
40 3
41 9
40 8
39 7
42 3
36 8
40.6
40.7
34
41 4
37
41.9
40 5
40 9
41 7
41 8
41 5
42 1
40 2
42 4
40 8
39 5
42.8
37.8
39.8
40.1
3.0
40.7
31
40.9
40.1
40.0
41.7
42.3
40.4
41.0
39.5
41 1
39.6
38.5
42.6
37.2
40.9
40.9
3.7
41.5
3.8
41.5
40.3
41.2
41.8
42.0
41.7
41.9
40.2
42.9
40.5
39.7
42.9
37.6
41.1
40.9
3.6
41.7
3.8
41.6
40.7
41.1
42.0
42.1
41.9
42.0
40.6
42.5
40.6
39.7
43.4
37.3
40.7
40.9
3.6
41.5
3.8
41.3
40.7
40.7
41.9
41.9
41.7
4'.i. 0
40. 3
42.6
40.5
39.2
42.8
37.5
40.7
40.7
3.5
41.1
3.7
41.6
40.7
40.6
41.9
40.2
41.7
41.9
40.5
41 9
40.5
39.2
43.1
37.9
41.2
41.1
3.7
41.7
3.9
42.0
41.1
40.8
42.2
41.3
42.1
42.4
40.9
42.6
40.6
39.7
41.3
37.5
41.1
41.0
3.7
41.6
4.0
42.0
40.8
40.8
42.2
41.4
42.2
42.3
40.5
42.6
40.6
39.5
'43.2
36.0
40.9
40.8
'3.8
'41.7
'4.1
'41.5
40.4
40.4
'41.7
41.4
42.3
42.3
'40.6
'42.5
'40.6
'39.3
'43.5
'37.8
41.1
40.7
'3.8
41.4
'4.0
'41.2
'41.2
'40.5
41.9
'41.6
'41.8
'42.5
'40.2
'42.4
'40.7
'38.7
42.6
37.4
40.5
40.7
3.7
41.4
4.0
41.0
40.2
40.9
41.6
41.5
41.6
42.3
40.5
42.8
40.4
38.6
40
3
41
38
41
36
39
3
40
38
40
36
39
3
40
36
41
36
9
2
8
9
6
2
39 2
33
40 5
37 5
39 9
35 1
40
3
40
40
41
36
0
2
8
1
6
5
39 8
33
40 7
37 9
41 6
36 2
39.2
28
40 4
34 1
40 6
35 0
39.8
3.3
40.7
38 0
41.2
36.3
40.0
3.4
41.1
38.5
41.3
36.4
39.9
3.4
40.8
38.1
41.5
36.1
39.9
33
41.1
38 9
41 1
36 0
40.1
3.5
40.9
38.5
41.6
36.5
39.9
3.3
40.8
37.6
41.1
36.4
39.7
3.4
40.6
37.6
'41.0
35.9
39.9
'3.4
40.8
36.3
41.3
'36.2
39.6
3.5
40.5
36.3
40.7
36.0
43 0
38 0
42 6
37 8
41 7
42 9
41 2
37.8
42 8
38 2
41 9
42 3
41 6
38.7
42 7
38 2
41 6
42 2
41 4
38.7
42 0
37 8
41 4
42 7
40 3
38.1
43 0
38. 1
41 6
42 5
41.7
38.8
43.0
38.2
41.7
42.3
41.7
38.7
43.1
38.3
41.7
42.8
41.8
38.1
42 9
38 4
41 7
42 1
41 4
37.8
43.2
38.4
42.0
42.5
41.6
38.4
43.1
38.6
41.9
42.6
41.7
38.7
'42.9
'38.4
41.9
'42.6
'41.5
'37.9
43.2
'38.4
'41.9
'42.3
'41.4
'37.5
43.4
38.2
42.0
41.2
41.5
37.0
qc -i
40 0
q^ o
36
40
34
36
36
39
34
37
36
39
34
36
1
9
8
9
35 9
39 8
34 6
37 1
36.3
40.3
34 9
37.1
36.2
40.1
34.9
37.0
36 3
40 3
37 0
36.1
40.2
34.7
37.1
35.9
40.1
34.5
37.0
35.8
40.0
'34.5
36.9
35.7
39.9
34.3
37.0
35.8
40.0
34.3
37.1
136 40
136. 37
136. 68
HOURS AND MAN-HOURS
Seasonally Adjusted
Average weekly gross hours per production worker
on payrolls of nonagricultural estab. :f1f
Mining
hours
Contract construction
do
Manufacturing: Not seasonally adjusted
do
Seasonally adjusted
. . do
Overtime hours do
Durable goods
.do
Overtime hours
do
Ordnance and accessories
do
Lumber and wood products.
do. .
Furniture and
fixtures
do
Stone, clay, and glass products ..
.do
Primary metal industries
..
. do. .
Fabricated metal products
do
Machinery, except electrical
do
Electrical equipment and supplies . . .do. . .
Transportation equipment
do
Instruments and related products
. do
Miscellaneous manufacturing ind.
do
Nondurable goods
Overtime hours
Food and kindred products..
Tobacco manufactures
Textile mill products. . .
Apparel and other textile products
do. .
do
do .
do
do
. . do
Paper and allied products
.
do
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products ...
. do .
Rubber and plastics products, nee . ... do
Leather and leather products
do
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate _.
do
do
do
.do
Seasonally Adjusted
Man-hours in nonfarm estab., all employees,
seasonally adjusted, annual rateft
bil. man-hours ..
Man-hour indexes (aggregate weekly), industrial
and construction industries, totaltl
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
Fabricated metal products
Machinery, except electrical
Electrical equipment and supplies
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
do
.do
do
do
...do
do
- -do
2
4
2
9
9
4
43 4
38 8
42 0
42 4
42 0
38.6
07 i
4fl 7
OK Q
•>7 q
7
1
9
6
9
0
42 8
38 4
41 6
42 7
41 4
38.1
36 5
40 3
41 8
42 1
41 3
38.3
Ofi
0
1
0
9
9
1
9
7
1
37 0
40 1
qc t
qc Q
129. 33
131.85
133.23
132.16
134.38
133.80
134.01
134.68
135 46
135. 89
136. 26
136 30
116.0
82 5
114 1
118 0
124 5
151.2
97 7
127 6
111.1
113.7
79 9
110 9
115 8
121 4
206.3
93 3
121 7
106.4
114.7
77 4
112 2
117 0
122 4
218.9
93 9
125 1
109.0
112.0
76 0
101 7
115 7
121 6
214.9
90 8
122 6
106.6
115.9
77 9
118 8
117 3
122 5
225.6
97 6
127 0
102.6
114.9
77 8
113 1
117 0
122 3
225.2
95 4
126 7
98.7
114.0
82 1
115 7
115 4
120 7
221.0
93 0
124 5
110.3
115.3
81 9
110 9
117 7
123 1
225.4
92 8
128 9
109.9
115.8
82 3
109 3
118 7
123 7
231.8
93 3
129 6
111.1
115. 5
114.8
82 9
116.3
117.3
126.3
138.9
146.7
117.1
126.8
113.1
110.0
123.7
137.3
142.5
114.1
126.5
109.0
110.1
125.3
133.1
143.3
118.4
126.4
107.8
109.6
124.8
132.4
142.3
119.4
124.1
109.5
110.1
123.8
133.8
142.6
120.0
124.7
109.9
109.9
124.8
133.7
141.7
121.9
124.3
109.7
113.0
121,2
128.8
139.2
117.9
119.3
105.3
112.2
125.2
131.6
141.9
122.5
122.1
109.6
111.1
127.0
132.2
142.5
123.0
122.4
109.9
qe q
37 0
QQ Q
q4 q
111.0
234. 0
94 8
129 0
111.2
116.0 '115.6 ' 117. 7
7q n
' 83 5 '84 1
' 108 4 ' 117 7
r 1 18 R ' 119 5
m o ' 124 2 ' 125 0
219.8 ' 232. 4 ' 229. 5
93 9 r 97 Q
94 7
i ^n n ' 130 0 ' 131 3
112.2 '112.0 '114.2
104 2
125 9
131 6
143 0
119 3
123.4
110 1
105.9
128 0
133.2
144 4
123.4
123.2
110 6
105 8
130 5
133 4
141 8
124 0
124.6
111 0
IftQ 7
m
o
m
q
122 0
232.4
93 9
234.1
197 4
Q4 1
1 98 4
110.6
110
8
196 2
131 0
141 8
196 7
120. 7
110 1
oq
1 -iq
118
123
7
n
*>
7
' 107. 0 ' 109. 7
'131 0 ' 130. 6
135.4 ' 134. 6
' 143 2 ' 143. 0
' 121.7 ' 122. 3
' 124. 6 ' 125. 3
' 111 1' 111.3
Nondurable goods.
Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and other textile products
do
do . .
do
do
do
109 5
96.2
85 1
106 2
119.0
108 6
96.0
87 7
102.5
117.1
110.1
96.2
88.9
105.7
118.0
107.9
94.7
83.5
101.5
113.5
110.5
95.2
90.5
106.9
118.7
110.1
95.2
85.5
106.5
118.0
108 5
95.3
70 7
104 1
114 8
110.8
95.5
84.6
106.0
119.6
112.1
98.0
85.7
107.0
120.8
111 0
95 7
85 9
107 4
118 2
111 2
96 6
91 3
106 6
117 5
111 7
95 8
86 9
107 5
120.0
111 3
111 9
96 2 '95.5
81 4 ' 79 1
106 0 ' 106 2
120 2 ' 117.9
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.. .
114 9
115.3
116 3
80 3
147.1
100 6
115.3
116.7
118 6
80 8
144.3
94 9
117.0
115.6
121.6
81.4
150.7
96.2
116.1
114.7
121.5
82.9
150.4
94.6
116.9
116.2
122.3
81.7
154.4
97.2
116.4
116.2
121.6
81.5
153.6
97.5
114 9
115.2
120 0
82 5
151.0
97 0
118.1
116.4
120.8
82.8
156.6
99.1
118.9
116.6
122.3
82.4
159.5
98.8
119 9
117.0
122 5
84 1
159. 2
93 8
119 3
117.5
123 3
82 0
159.5
95 0
119.3
117.0
124.2
82.8
160.2
96.1
120 1
118.3
124 5
83.7
161.7
97.5
130. 24
146 26
112.34
135. 89
154. 95
114. 90
137.70
155. 13
119.60
136.95
151.90
117.60
136.45
154.57
119. 36
137.10
154. 94
120. 18
144.09 145.52 144. 52
164.74 167.52 169. 94
123. 30 122. 10 121. 69
note, bottom of p. S-13.
146. 35
172. 99
125.66
117.2
82 7
114 8
119 4
125 8
230.7
96 1
133 6
113.4
109.9
131.0
136.2
144.9
123.7
124.4
113.5
112.2
'97.2
' 77.5
107.5
119.2
110.9
96.9
80.8
105.6
118.5
122.1
' 120. 4
118.4
'118.1
' 125. 1 125.5
'83.7 '83.1
' 160. 6 '161.7
' 95.8 '93.9
123.1
117.6
126.0
51.7
163.5
92.0
151.38
167.69
127. 41
147. 20
164.53
126. 36
WEEKLY AND HOURLY EARNINGS
Not Seasonally Adjusted
Average weekly gross earnings per production
worker on payrolls of nonagricultural estab. :t1
Mining..
dollars..
Contract construction
do
Manufacturing establishments.
do
' Revised.
*> Preliminary.
fSee corresponding note, bottom of p. S-13.
140. 25 141. 24
159. 27 162. 43
118. 21 122.29
If See corresponding
138.78 '148.43
172. 80 158. 20
125. 77 125. 97
SURVEY OF CURRENT BUSINESS
February 1969
19G6
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
Annual
1967
Dec.
S-15
1968
Jan.
Feb.
Mar.
Apr.
May
June
1969
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.p
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
WEEKLY AND HOURLY EARNINGS— Con.
Not Seasonally Adjusted— Continued
Avg. weekly gross earnings per prod, worker on
manufacturing payrolls— Continued tl
Durable goods
dollars. _
Ordnance and accessories . ..
do
Lumber and wood products
do
Furniture and fixtures . _ . .
do
Stone, clay, and glass products
do_.
122. 09
133 77
91.80
91.72
114. 24
123. 60
132. 19
94.87
94.13
117. 31
129. 16
136. 73
95.92
99.84
119. 81
127. 70
132. 03
93.21
93.36
116. 29
128. 54
136. 50
99.79
98.01
118. 90
129.68
133. 95
100.50
98.42
119. 19
127. 58
130. 33
100. 90
95.26
123. 85
132.29
133.63
102.97
99.88
126. 30
132. 92
134. 37
106.30
101. 52
127. 62
131. 02
131.61
105. 01
99.14
126.72
130 29
134 05
107 12
101 76
128. 05
135. 01
137. 76
109.03
104.33
130. 36
135. 85
139.68
107.68
104.58
130. 36
'136.78
'138.86
105. 32
'103.22
'127.91
137.85
'140.87
'107.16
'105.16
'128.33
136. 70
139. 59
104.28
102. 11
125. 15
..do
do
do
do .
do
do.
do
138.09
122. 11
135. 34
109.18
141. 86
114. 93
88.80
137. 27
123. 67
135. 89
111.35
142. 42
117. 71
92.59
143. 45
128. 52
139. 53
117. 26
152. 01
121. 60
96.47
144. 35
126. 69
137. 10
115. 20
151. 68
117. 97
95.06
144. 70
126. 28
139. 59
116. 06
148. 63
119. 54
98.85
146. 23
128. 44
140. 86
115. 49
151. 62
119. 66
98.60
150. 52
124. 62
135. 71
112. 61
146. 16
115. 44
95.12
148. 54
131. 99
141. 46
116. 58
157. 38
119.88
98.75
150. 10
132. 62
141.37
118. 15
155. 55
120.88
99.25
148. 75
130. 41
140.11
116.51
152.52
119.39
96.36
142. 36
132 09
139. 44
118. 37
150. 70
121.20
97.71
148.68
136. 85
143. 82
121. 06
160. 07
123. 62
99.50
147. 24
136. 95
145. 51
121. 29
162. 92
123. 62
100.15
'149.56
137.80
146. 36
'122.81
'165.02
'124.85
'100.04
'152.62
'137.57
'149.29
'123.62
'166.66
'126.28
'100.62
153.09
134. 72
147. 63
122. 51
164.78
123. 41
99.58
Nondurable goods. _
Food and kindred products Tobacco manufactures
Textile mill products
Apparel and other textile products
do
do
do
..do
do
98.49
103. 82
85.19
82.12
68.80
102. 03
107. 98
87.62
84.25
73.08
105. 86
110. 70
85.03
89.67
74.88
103. 86
109.87
86.01
84.74
73.01
106. 40
110.28
93.61
89.64
79.57
106. 79
111. 08
92.01
89.84
80.15
104.76
110. 09
87.30
86.22
76.08
108. 26
113. 68
98.14
89.40
79.50
109. 47
115. 36
102. 31
90.69
80.30
110. 00
115.92
99.53
89.19
79.06
110. 55
114. 96
95.55
92.51
81.40
112. 03
116. 48
94.33
94.02
82.26
111.88
115. 21
92.43
94.21
82.63
'112.12 113. 08
'116.69 118. 08
94.13 ' 96. 51
' 93. 98 ' 94. 43
' 81. 35 '81.00
111. 22
116.29
91.59
92.11
81.30
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
119. 35
122. 61
125. 58
144. 58
112. 14
74.88
122. 84
125. 95
128. 96
152. 87
113. 85
78.87
127. 74
129. 75
132. 82
150. 06
119. 55
83.28
124. 91
126.00
132. 48
157. 36
117. 55
81.92
125. 50
128. 82
133. 02
153. 55
117. 42
85.80
125. 93
130.64
132. 70
154. 24
117. 14
85.25
123. 97
128. 22
134. 60
162. 54
113. 32
81.92
130. 59
132. 94
136. 27
158.90
121. 64
87.36
132. 32
132. 94
136. 45
163.18
121.42
85.31
133. 06
135. 49
136. 45
157. 78
122. 30
85.41
135. 60
137. 39
138. 60
162. 49
125. 46
85.28
134. 97
137. 03
138. 69
160. 98
125. 16
86.56
'134.78
'136.70
139. 86
'161.88
'124.68
' 86. 03
'136.59
'139.65
'140.70
'169.02
'125.70
88.09
135. 45
136.06
139. 70
151. 00
124. 61
85.79
do
do
do
do
79.02
111. 11
68.57
92.13
82.13
116. 06
70.95
95.46
83.22
119. 18
72.22
98.05
83.41
118. 10
72.11
98.42
84.49
119. 40
72.80
99.26
84.85
119. 80
72.93
99.80
84.85
119. 89
73.49
100.00
129. 13
131. 45
135. 01
159. 64
120. 22
85.47
85.32
120. 99
73.40
101. 01
87. 36
122. 92
75.82
102. 12
88. 56
122. 82
77.33
102. 77
88 80
123.22
77.33
102. 77
88.08
124. 62
75.99
103.60
87.33 ' 87. 96
87.47
123.91 124.80 '125.83
76.12
75.46 ' 75. 36
104.25 '104.43 '105.74
88.40
125.29
76.16
106.48
3.05
3.89
2.72
2.59
2.90
2.76
3.17
2.25
2.21
2.72
3.19
4.11
2.83
2.72
3.00
2.88
3.17
2.36
2.33
2.82
3.24
4.25
2.91
2.79
3.09
2.96
3.24
2.41
2.40
2.88
3.30
4.34
2.94
2.83
3.13
3.00
3.26
2.44
2.40
2.90
3.28
4.27
2.94
2.83
3.12
3.00
3.25
2.47
2.42
2.90
3.28
4.28
2.96
2.85
3.14
3.02
3.22
2.50
2.43
2.90
3.30
4.27
2 97
2. 86
3.15
3.03
3.21
2.51
2.43
2.97
3.30
4.32
2.99
2.87
3.18
3.04
3.22
2.53
2.46
3.00
3.32
4.29
3.00
2.87
3.18
3.04
3.23
2.58
2.47
3.01
3.33
4.34
3.00
2.88
3.18
3.05
3.21
2.58
2.46
3.01
3.33
4.38
2.99
2 86
3.17
3.03
3,23
2.60
2.47
3.02
3.38
4.47
3.05
2.90
3.23
3.08
3.28
2.64
2.52
3.06
3.32
4.50
3.06
2.92
3.25
3.09
3.31
2.62
2.52
3.06
'3.46
4.52
3.08
2.94
'3.28
3.12
3.33
2.62
'2.53
'3.06
3.48
4.52
3.10
2.96
3.29
'3.14
'3.37
'2.62
'2.54
'3.07
3.48
4.52
3.12
2.99
3.31
3.17
3.38
2.62
2.54
3.06
Primary metal industries
Fabricated metal products
Machinery, except electrical. .
Electrical equip, and supplies
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Average hourly gross earnings per production
worker on payrolls of nonagricultural estab.:J
Mining
..dollars..
Contract constructiondo
Manufacturing
do
Excluding overtime
do
Durable gooddo
Excluding overtime
. .do
Ordnance and accessories
do
Lumber and wood products
do
Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries
Fabricated metal products
Machinery, except electrical
Electrical equip, and supplies.. .
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
do
do
do
do
do
do
do
3.28
2.88
3.09
2.65
3.33
2.73
2.22
3.34
2.98
3.19
2.77
3.44
2.85
2.35
3.44
3.06
3.26
2.86
3.56
2.93
2.43
3.47
3.09
3.28
2.88
3.62
2.92
2.45
3.47
3.08
3.30
2.88
3.59
2.93
2.49
3.49
3.11
3.33
2.88
3.61
2.94
2.49
3.55
3.10
3.31
2.88
3.60
2.93
2.49
3.52
3.15
3.36
2.90
3.66
2.96
2.50
3.54
3.15
3.35
2.91
3.66
2.97
2.50
3.55
3.15
3.36
2.92
3.64
2.97
2.49
3.55
3 16
3.36
2.93
3.64
3 00
2.48
3.60
3.22
3.40
2.96
3.74
3.03
2.50
3.60
3.23
3.44
2.98
3.78
3.03
2.51
'3.63
3.25
3.46
'3.01
'3.82
'3.06
2.52
'3.66
3.26
3.48
'3.03
'3.84
'3.08
'2.58
3.68
3.27
3.49
3.04
3.85
3.07
2.60
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
2.45
2.35
2.52
2.19
1.96
1.89
2.75
3.16
2.99
3.41
2.67
1.94
2.13
2.73
1.91
2.47
2.57
2.47
2.64
2.27
2.06
2.03
2.87
3.28
3.10
3.58
2.75
2.07
2.25
2.88
2.01
2.58
2.64
2.54
2.70
2.22
2.14
2.08
2.95
3.37
3.17
3.59
2.86
2.13
2.28
2.95
2.04
2.65
2.67
2.57
2.74
2.35
2.14
2.11
2.96
3.36
3.20
3.72
2.86
2.15
2.33
2.96
2.09
2.66
2.68
2.58
2.75
2.47
2.16
2.18
2.96
3.39
3.19
3.70
2.85
2.20
2.36
3.00
2.11
2.69
2.69
2.59
2.77
2.48
2.17
2.19
2.97
3.42
3.19
3.69
2.85
2.22
2.37
3.01
2.12
2.69
2.70
2.61
2.78
2.56
2.15
2.18
2.98
3.41
3.22
3.78
2.84
2.22
2.37
3.02
2.13
2.71
2.72
2.62
2.80
2.61
2.17
2.19
3.01
3.45
3.23
3.73
2.89
2.22
2.39
3.04
2.14
2.73
2.73
2.62
2.80
2.63
2.18
2.20
3.03
3.48
3.26
3.73
2.91
2.24
2.40
3.05
2.16
2.76
2.75
2.63
2.80
2.64
2.17
2.19
3.07
3.48
3.28
3.76
2.94
2.21
2.40
3.04
2.16
2.77
2,75
2.64
2.77
2.45
2.24
2.23
3.08
3.51
3.28
3.73
2.94
2.23
2.40
3.05
2.16
2.77
2.78
2.66
2.80
2.37
2.26
2.26
3.11
3.55
3.30
3.77
2.98
2.25
2.44
3.10
2.19
2.80
2.79
2.67
2.81
2.37
2.27
2.27
3.11
3.55
3.31
3.77
2.98
2.26
2.45
3.09
2.20
2.81
'2.81
2.69
'2.86
2.51
2.27
'2.26
3.12
3.56
3.33
'3.80
2.99
2.27
2.46
3.12
2.21
'2.83
2.82
2.70
2.88
2.56
'2.27
'2.25
'3.14
3.59
'3.35
'3.81
3.00
'2.30
'2.45
'3.13
2.20
'2.85
2.83
2.72
2.90
2.58
2.28
2.29
3.15
3.59
3.35
3.71
3.01
2.30
2.49
3.14
2.24
2.87
3.887
5.527
1.33
i 3. 293
4.009
5.713
4.061
5.750
4.061
5.750
4.224
5.974
4.307
6.102
4.321
6.150
4.343
6.173
3.349
3.254
3.496
4.317
6.134
1 41
3.358
4.234
5.989
1 45
3.464
4.287
6.073
3.380
4.076
5.761
1.43
3.357
4.162
5.865
3.338
4.040
5.747
1 42
3.335
101. 15
86.98
105.04
88.87
103. 43
87.21
104.85
88.11
105. 50 2 103.23
88.28 2 86. 10
106.38
88.43
107. 16
88.64
106. 23
87.43
105. 91
86.88
109.06
88.74
109. 22
88.51
110.33
89.19
Miscellaneous hourly wages:
Construction wages, 20 cities (ENR) :
Common labor
$ per hr
3.623
Skilled labor
do
5.207
Farm, without board or rm., 1st of mo
do_.
1.23
Railroad wages (average, class I)
do
i 3. 106
Spendable Weekly Earnings f 1
Spendable average weekly earnings per worker (with
three dependents) in manufacturing industries:
Current dollars. . ..
99.46
Constant dollars
1957-59 dollars
87.89
PRIVATE SECTOR SERIESf!
Not Seasonally Adjusted
Excludes government employees:^
Employees, total, nonagricultural estab . . . .thous . .53,163
Production or nonsupervisory workers
do
44, 281
Hrs. (gross), av. weekly: Unadjusted-hours..
38.6
Seasonally adj.do
Weekly earnings (gross), average
dollars..
98.82
Hourly earnings (gross), average
do..
2.56
54, 414
45, 130
38.0
55, 766 53,989 54,257
46, 360 44, 582 44,837
38.0
37.6
37.3
37.8
37.9
37.6
101. 84 103. 74 102. 95 104.53
2.68
2.73
2.76
2.78
v
! ?lvis?dPreliminary.
i Includes adjustrrents not c listribute(I by mon ths.
2 Effective Apr. 196*, data reflect income tax sun,harge imjposed by the Rev enue an<1
Expenditure Control Act.
55, 497 56, 444 56,479 56, 746
45,988 46, 852 46,816 47, 053
37.7
38.3
38.1
38.2
37.8
37.9
37.9
37.9
106. 69 108.59 109.25 109. 54
2.83
2.86
2.85
2.86
If
tSeecjorrespon ding not e, bottonl o f p . S- 13.
54, 520
45,068
37.6
37.8
104.90
2.79
55, 208
45, 742
37.3
37.6
104.44
2.80
108. 98
89.18
1.57
56,793 56,853 '57,063 '57,452
47, 127 47, 186 '47,396 '47,758
37.5
37.8
38.1
37.8
37.6
37.5
38.0
37.7
110. 87 110. 38 '109.88 110. 75
2.93
2.91
2.92 '2.93
See corr espondin g note, bottom ol
55,896
16, 219
37.5
37.8
110.63
2.95
p. S-13.
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1966
Annual
February 1969
1967
1969
1968
Jan.
Dec.
Mar.
Feb.
Apr.
May
June
July
Aug.
Oct.
Sept.
Nov.
Dec.
Jan.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HELP- WANTED ADVERTISING
Seasonally adjusted index
__ .1957-59 = 100. _
LABOR TURNOVER
Manufacturing establishments:
Unadjusted for seasonal variation: A
Accession rate, total
mo. rate per 100 employees
New hires
do
Separation rate, total
- - - - do _ _
Quit
do
Layoff
do
Seasonally adjusted: A
New hires.. .
Separation rate, total
Quit
Layoff
__ _ _ __
_ _
190
182
190
184
193
202
188
187
189
185
198
219
213
222
P225
5.0
3.8
4.6
2.6
12
4.4
3.3
4.6
2.3
1.4
2.8
2.0
3.9
1.5
1.6
4.2
3.0
4.4
2.0
1.5
3.8
2.7
3.9
1.9
1.2
3.9
2.9
4.1
2.1
11
4.3
3.2
4.1
2.2
1.0
4.6
3.5
4.3
2.4
1.0
5.9
4.7
4.1
2.3
9
4.9
3.7
5.0
2.3
1.7
5.7
4.3
6.0
3.7
12
5.7
4.5
6.3
4.1
1i
5.0
4.0
4.9
2.8
1.2
'3.8
••2.9
••4.1
2.1
r
1.2
P3.0
P2.2
P3.9
pi. 6
pi. 4
4 4
3.4
3.3
3.4
3.5
3.4
45
3.3
4 6
3.5
2.3
1.2
2.3
1.4
2.5
1.4
2.4
1.2
2.3
1.1
2.5
1.3
2.4
1. 1
2.4
1.2
4 5
3.4
5. 0
2.6
1.3
4 7
3.5
4.7
2.4
12
48
3.7
4.6
2.6
1.1
r 4 7
3.5
'3.5
r
4. 5
2.6
r
1.1
»4 7
P3.8
p 4. 1
P2.5
pl.O
480
267
p 270
v 112
P200
P107
720
p500
379
P224
3,570 p 2, 210
P410
pl70
p 1, 650
do. _
_do__
do
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
Nonfarm placements
thous
Unemployment insurance programs:
Insured unemployment, all programs©
do
State programs:
Initial claims
do
Insured unemployment, weekly avg
do
Percent of covered employment :cf
Unadjusted
Seasonally adjusted
Beneficiaries weekly average
thous
Benefits paid
mil. $
Federal employees, insured unemployment,
weekly average
thous
Veterans' program (UCX):
Initial claims
do
Insured unemployment weekly avg
do
Beneficiaries weekly average
do
Benefits paid
mil. $
Railroad program:
Applications
thous
Insured unemployment weekly avg do
Benefits paid
mil $
4,405
1,960
4,595
2 870
182
74
310
135
330
232
330
130
490
438
600
252
500
167
370
163
420
140
400
151
25,400
42 100
445
210
2,550
470
211
2,520
500
326
3,780
510
302
3, 550
690
545
4,910
810
580
5,650
750
331
4,260
630
316
3, 810
690
290
3,660
670
268
2,820
6 493
5 817
380
419
400
438
482
496
538
542
531
561
540
426
360
1,123
1,270
1,338
1,718
1,651
1,478
1,214
1,025
942
1, 057
1,023
867
861
984
1,252
10 575
1 061
11 760
1*205
1 149
1,259
1,460
1,624
969
1,556
762
1.390
822
1,142
696
964
642
883
1,080
991
778
955
604
802
701
794
788
913
1,161
1,172
3.3
1.8
2.2
794
129.1
2.0
2.3
770
145. 6
1.9
2.3
804
150.0
16
22
687
121.8
1.6
21
644
126.0
1.8
21
680
122.5
2.3
2.0
885
170.3
2.3
2 5
r 2 2
r 2 4
895
1,771
1 017
2 092
942
159.2
1 317
248.5
3.2
23
1,374
243.7
2.8
2 3
1,298
231.1
2.3
r
2. 1
1,060
195.1
2.0
2.2
844
159.1
2 6
20
20
23
28
29
26
23
20
19
20
20
19
20
21
22
182
21
19
39.5
222
23
21
46.3
25
33
26
4 6
31
40
36
6.9
24
40
38
6.7
21
36
39
7.0
18
29
26
4.9
17
25
23
4.7
20
25
25
4.5
28
30
25
5.3
26
32
29
5.9
22
28
26
5.2
26
27
24
5.2
26
32
26
5.3
29
38
34
7.2
145
20
39 3
241
20
40 6
39
23
4 4
25
26
4.7
12
27
40
15
26
4.1
8
20
33
4
16
2.6
13
14
2. 1
19
16
2.3
10
16
3.1
7
18
31
9
20
4 0
6
18
3.4
2.0
3.6
286
798
822
976
4 330
19 746
6 270
13' 476
4
20
7
13
418
734
091
643
4 327
20 264
7 737
12*527
4
20
7
13
420
839
592
247
22 220
7 758
14 462
4,428
20, 497
7,201
13,296
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
3 603
13 979
3 089
10 190
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
4
17
4
12
317
084
901
183
4
18
5
13
312
370
216
154
4,266
17, 813
5 493
12, 320
4
18
5
12
4
17
5
11
430
509
930
579
4
18
5
12
359
417
761
656
4
18
5
12
4 389
10 848
10 848
11 012
11 188
11 361
11 488
11 598
11 730
11 830
11 809
11 722
11 734
11 677
11 748
5 609
1 506
3 733
5 609
1 506
3 733
5 661
1 565
3 785
5 721
1 595
3 871
5 793
1 598
3 970
5 853
1 549
4 085
5 923
1 482
4 193
5 973
1 454
4 302
6 004
1 454
4 372
6 033
1 450
4 326
6 064
1 479
4 179
6 094
1 551
4 090
6 107
1 583
3,987
6,126
1 577
4,044
923 1
502 2
420 9
328 1
092 7
6 661 5
2 921 2
3 740 3
1 471 8
2 268 5
7 047 0
3 149 7
3 897 3
1 515 4
2,381 9
369 4
323 4
046 0
584 8
461 2
7 263 9
3 216 8
4 047 1
1 593 3
2 453 8
218 7
197 9
020 8
601 6
419. 2
7 500 7
3 285 5
4 215 2
1 673 5
2 541 7
7 614 0
3*370 6
4 243 4
1 722 0
2*521 4
7 948 5
3 595 0
4 353 5
1 771 0
2 582 5
8 163 0
3 726 1
4 436 9
1 807 9
2 629 0
8 521 8
4*079 6
4 442 2
1*825' 2
2 617 0
8 368 4
3* 857. 8
4 510 6
1 840 2
2 670 4
599 8
953. 7
646 1
904 9
741 2
8 540.1
'3,925 9
4 614.2
1, 904. 1
2, 710. 1
8, 752. 9
4, 076. 8
4 676.1
1, 902. 4
2, 773. 7
70 332
75 330
75 330
74 319
73 462
72 892
74 393
74 736
75 510
76 296
75 592
77, 388
77 215
78, 977
78, 972
77,635
47, 192
173
44, 282
12 674
51, 948
141
49 112
11 481
51, 948
141
49 112
11 481
51, 434
843
49 092
11 484
51, 056
166
48, 952
11 384
52, 127
672
49 691
10 131
52, 612
741
50 507
10 1?8
53, 436
1,026
50 625
10 026
54, 610
305
52, 230
10 025
54, 880
736
52, 397
10 025
55, 461
529
53, 044
10 026
54, 707
390
53, 279
10 026
55,919
179
53 329
10 096
56, 226
471
53,350
10 026
56, 613
188
52, 937
10 026
55, 892
862
52, 127
10, 025
do
70 33?
75 330
75 330
74 319
73 462
72 892
74 393
74 736
75 510
76 296
75 592
77 388
77 215
78 977
78, 972
77,635
do
do
do
20 97?
19, 794
40, 196
22 920
20 999
42, 369
22 920
20, 999
42, 369
23 614
21.838
41,365
23 040
21, 195
41,211
22 614
21, 133
41,490
22 885
21, 221
41,811
23 217
21, 334
42, 137
23 196
21, 462
42, 534
93 4%
21, 702
42, 857
23 314
21, 808
43, 179
22 949
21, 233
43, 273
23 935
22, 316
43, 472
23 667
22, 533
44, 481
23 473
21,807
45,510
24, 295
23. 124
44, 170
31.5
27.1
27.1
27.8
27.6
24.4
24.2
23.8
23.6
23.4
23.2
23.2
23.1
22.5
22.0
22.7
Reserve bank credit outstanding, total 9 __do
Discounts and advances
do
U.S. Government securities
do
Gold certificate reserves do
Ratio of gold certificate reserves to FR note
liabilities
percent..
5
2
3
1
2
7
3
4
1
2
'Revised.
p Preliminary.
AAdjusted to new benchmarks and seasonal factors; see note '%" p. S-13.
©Excludes persons under extended duration provisions.
cflnsured unemployment as % of average covered employment in a 12-month period.
336
487
832
655
4 958
1 290
3 205
Federal Reserve banks, condition, end of period:
Assets, total 9
- .
mil. $
Deposits, total.
Member-bank reserve balances
Federal Reserve notes in circulation
317
084
901
183
9 45°
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (233 SMSA's)O
bil $
New York SMSA
do
Total 232 SMSA's (except N Y )
do
6 other leading SMS A 'si
do
226 other SMSA's. .
do
Liabilities, total 9
4
17
4
12
7
3
4
1
2
8
3
4
1
2
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.
SUKVEY OF CURRENT BUSINESS
February 1969
1967
1967
End of year
Dec.
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
S-17
1968
Jan.
Feb.
Mar.
Apr.
May
June
1969
July
Aug.
Sept.
Oct.
26 077
25, 694
383
515
-132
26 653
26, 93
260
427
-167
Nov.
Dec.
Jan.
FINANCE—Continued
BANKING— Continued
All member banks of Federal Reserve System,
averages of daily figures:
1
23, 830 i 25, 260 25 260 25 834 25, 610 25 580 25, 546 25 505 25 713
Reserves held total
mil. $
1
Required
- do_ __ 23, 438 » 24, 915 24 915 25, 453 25, 211 25 224 25, 276 95 085 25 362
1392
1345
399
270
Excess
. _ _- ..
_-do
381
345
356
420
351
*557
1238
361
683
Borrowings from Federal Reserve banks _ _ .do
237
238
671
746
692
1107
38
-413
Free reserves
.
_
_ _ d o . * -165
144
107
—315
—326
—341
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:
Deposits:
75, 120
81, 848 81 848 78 598 75, 721 76 944 78, 384 76 136 76 164
Demand, adjustedcT
mil. $
114, 765 127, 277 127 277 120 128 116,456 117 044 121, 317 115 108 123 430
Demand, total 9
do _
83, 108
Individuals, partnerships, and corp
do
92, 380 92, 380 86, 053 82, 761 84 7991 86, 147 83 860 87 998
5 946
6,137
6,231
State and local governments
do
5 984
7,121
P) 6 0
6 301
6 231
6 902
3,882
U.S. Government
do
3,818
6,515
5,208
5 467
3 818
3 107
3 93°3
2 793
Domestic commercial banks _ __ _ _ _ d o
13, 838
15, 752 15, 752 13 298 12, 785 14 02 13, 394 13 135 15 837
Time, total 9
do
Individuals, partnerships, and corp.:
Savings
.
do
Other time _ _ _ _ _ _
_ do ._
89, 639
Loans (adjusted), totaled do
Commercial and industrial ._
__ _ do
For purchasing or carrying securities. _..do .
To nonbank financial institutions
do
Real estate loans.
_ _
-do _
Other loans
do
134, 761
60, 779
6, 691
11,228
27, 492
34 729
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. :|
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: t
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 _ _ d o
Federal land bank loans
do
Home mortgage rates (conventional 1st mortgages) :J
New home purchase (U.S. avg.)
percent
Existing home purchase (U.S. a~vg.)
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
51 502
24, 803
19 816
26 699
CONSUMER CREDIT
(Short- and Intermediate-term)
Total outstanding, end of year or month J
mil. $
47, 213
29, 002
102, 921 102 921 104 178 104, 961 104 696 104, 080 104 170 104 118
48, 864
38, 273
48 864
38 273
48 516
39 639
61
28
22
33
804
371
322
433
346
225
59
61
5
4
7
4
61
28
22
33
804
371
322
433
346
225
59
61
5
4
7
4
62
28
22
33
057
080
057
977
349
227
60
62
9
5
0
4
48 386
39, 113
353 9
229 2
62 0
62 7
61
97
23
34
489
208
403
274
352
229
59
63
5
o
9
6
60
26
23
34
885
005
210
880
355
231
60
63
2
4
3
4
6.36
6.14
6.73
6.35
6.21
6.41
6.31
35.99
35.72
36.34
35.96
35.96
36.06
36.09
4.50
62 927
28, 738
23 870
34 189
48 470
39* 295
48 597
40 006
61 136
26* 494
23 942
34* 642
357 3
232 6
61 0
63 6
60
25
23
34
083
397
382
756
357 8
233 5
60 4
63 9
C
26
C
069
25 694
375
565
— 190
26 760 r 27 122
26, 472 26r 766
288
455
569
765
—281 r —310
28 044
27 836
208
700
—492
78, 839 76 793 78 029 79 134 78 964 88 930 81 II9
122,373 117 004 127 364 123 574 125 007 144 295 127 002
87, 330 84 929 88 412 88, 655 91 495 102 818 90 113
6,247
6 175
6 175
6 366
7 675
6 318
5 516
3,774
1 429 3 437
5 485 3 990
5 434
3 055
14,582 13 635 16 216 14, 896 15 596 19 064 14 596
106,411 108 259 109 359 110 771 111 937 112 103 110 030
48 274
41, 972
48 269
43 042
48 512
44 023
48 522
45 106
48 672
45 926
49 161
45 013
48 342
44 402
149 811 148 615 153 411 151 927 154 024 161 824 156 682
69 181 68 134 69 693 69 686 71 178 73 988 72 896
8,839
8,296
7 691 9 533
7 390
8 751 r 10, 245
10 377
9 789 !0 617 10 253 10 287 11 866 10 401
30 434 30* 740 r 31, 057 31 462 31 752 32 051 32 220
38 202 OC «Q1 40 137 39 498 40 485 40 882 42 745
62
27
23
35
131
070
253
061
365
238
63
64
9
4
1
4
6.84
6.60
7.19
6.89
6.61
6.87
6.76
CA I OQ
27 781
Ofl O^Q
Q7f\ A
p<y
f\
f>c
r
66
28
24
37
239
602
701
637
374 8
243 8
64 0
67 0
68
30
24
37
051
099
770
952
379
246
64
68
6
9
2
5
525
231
480
294
381
250
61
70
6
4
0
2
68 347
29 354
24 040
38* 993
65
27
23
38
861
656
649
205
384 5
252 3
61 7
70 5
385 3
253 g
60 4
71 0
5.50
6.61
6 40
6.95
6 69
6.44
6.48
6.62
6 89
6
7
6
6
6
6
66
28
24
38
67
16
96
74
86
86
3
5.82
3
5 74
4.50
33 5 88
6 02
4.50
5.82
6 24
4.50
5 98
6 68
4.50
6 10
6 71
5.00
6 21
6 71
5.50
6 30
6 71
5.50
6 37
6 75
5.50
6 47
6 92
5.50
6 57
6 96
5.25
6Ai
5.25
6 61
6 96
5.25
6 59
6 96
5.25
6 54
6 96
5.50
6 53
6 97
36.14
36.30
36.33
36.40
6.41
6.51
6.39
6.57
6.47
6.58
6 50
6.59
6 57
6.64
6.69
6.81
6.88
6.97
7 04
7.10
7 10
7 12
7.10
7.11
7 09
7.09
7.07
7.07
7.09
7.09
4
4
4
4
4
4
4
4
4. 75
5. 10
4. 89
5. 66
5.43
5.56
5.43
6.00
5.40
5.60
5.46
6.00
5.23
5.50
5.25
6.00
5.50
5.64
5.40
6.00
5.75
5.81
5.60
6.18
6.04
6.18
5.99
6.50
5.96
6.25
6.04
6.50
5.85
6.19
6.02
6.50
5.66
5.88
5.74
6.50
5.63
5.82
5.61
6.50
5.79
5.80
5.59
6.50
5.97
5.92
5.75
6.25
6.20
"6. 17
5.86
6.50
6.46
6.53
6.14
6.50
4. 321
4 5 07
5.012
5 72
5.081
5 53
4.969
5 59
5.144
5 77
5.365
5 69
5.621
5 Q5
5.544
5 71
5.382
5 44
5.095
5.202
5 30
5.334
5 42
5.492
5 47
5.916
5 99
6.177
6 04
5. 36
5. 55
5. 42
5.78
4. 881
5 16
4
97, 543
4
102 132
102,132 101,260 100,771 100,981 102 257 103,411 104,620 105 680 i n7 OQO 107 636 108 643 110 035 113, 191
Installment credit, total
do
77 539
80 996 80 926 80 379 80 233
Automobile paper
do
30 556
30 724 30 724 30 579 30 682
Other consumer goods paper. _. _
do
22 395 22 395 22 117 21 767
20 978
Repair and modernization loans
do
3,789
3,734
3,818
3,708
3,789
Personal loans
do
22 187
24 018 24 018 23 949 24 076
By type of holder:
Financial institutions, total
do
66 724
69 490 69 490 69 238 69 439
Commercial banks
__
do
31 319
32 700 32 700 32 710 32 839
Sales finance companies
_ do
16, 697
16, 838 16, 838 16, 726 16, 713
Credit unions. __
do
8 255
8 972 8 972 8 868 8 899
Consumer finance companies
do
7,663
8 071
8 103 8 103 8 050
Other
do
2 917
2 790
2 884
2 877 2 877
Retail outlets, total
do
10 815
11 436 11 436 11 141 10 794
Automobile dealers _
do
277
285
285
286
285
Noninstallment credit, total. ._
do
20,004
21 206 21, 206 20, 881 20, 538
Single-payment loans, total. _ _ _
do
7,972
8,484
8,449
8 428 8,428
Commercial banks.
do
7 375
7 340
6 946
7 352
7 340
Other financial institutions _
do
1,097
1,109
1,026
1,088
l'o88
Charge accounts, total
do
6,686
6,424
6,968
5,859
6,968
Credit cards
do
874
1 047 1 017
1 029 1 029
Service credit
do
5.346
5. 810
5.810
6.008
6.195
" Revised.
i Average for Dec.
2 Effective with the June 9 change in Federal Reserve regulations,
data exclude loan balances accumulated for payment of personal loans (about $1.1 bil.); beginning
June
30,
about
$1
bil.
of certificates, formerly in "other loans," are in "other securities."
3
Average for year.
* Daily average.
o"For demand deposits, the term "adjusted" denotes demand deposits other than domestic
commercial interbank and U.S. Government, less cash items in process, of collection: for
loans, exclusive of loans to domestic commercial banks and after deduction of valuation
http://fraser.stlouisfed.org/
330-841 O - 69 - 5
Federal Reserve Bank of St. Louis
48 990
39 (532
143 966 143 966 141 762 140 511 149 078 144 872 143 667 148 695
66, 290 66 290 64 994 65, 057 67 013 67, 757 67 054 69 229
7,562
8,350
8,360
8,350
6,938
6 578
6 736
7 689
9 303 9 597 10 540
10 470 10 470
9 676
9 634 10 608
28, 988 28, 988 29 035 29, 106 29 2689 29 543 29' 844 30 296
37 700 37 700 36 293 36 431 36 09 37 016 37 779 38 945
2310.5
2208 2
53.6
248.7
4
48 620
39, 910
26,001
25,702
299
525
-226
80 474
30 942
21 644
3,688
24 200
81 328
31 331
21 841
3,697
24 459
82 312
31 818
22 Oil
3,746
24 737
83 433
32 364
22' 248
3,769
25 052
84 448
32 874
22 452
3,808
25 314
85, 684
3,857
25, 725
86 184
33 336
22 988
3,881
25 979
87 058
33 698
23 248
3,910
26 202
87 953
33 925
23 668
3,931
26 429
89 890
34 130
24 899
3,925
26 936
69 840 70 600 71 560 72 610 73 573 74 690 75 114 75 871 76 446 77 457
33 082 33 562 34 079 34 585 35 103 35 672 35 923 36 352 36 560 36 952
16, 759 16,868 17, 010 17, 239 17, 448 17 670 17, 680 17, 823 17, 960 18, 219
8 975 9 109
9 271 9 461 9 574
9 851 9 962 10 049 10 178
9 739
8 091 8 144
8 175 8 302
8 397 8 490
8 530 8 588 8 685
8 913
2 933 2 917 3 025
3 195
3 023 3 051 3 119
3 192
3 130
3 146
10 634 10 728 10 752 10 823 10 875 10 QQ4 11 070 11 187 11 507 12 433
320
289
293
319
'298
303
308
313
317
313
20 507 20 929 21 099 21 187 21 232 21, 406 21 452 21 585 22 082 23, 301
8,529
8,636
8 695 8,774
9,138
8 663 8 674
8 868 8 943 9,024
7 794
7 857
7 416
7 627
7 596
7 546
7 975
7 526
7 565
7 719
1 113 1 110 1 137 1 128 1 130 1 147 1 149 1 149 1 167
1,163
5,710
6,964
6,574
7,755
6,276
6,550
6,692
6,026
6,368
6,457
1 012
1 305
1 021 1 022
1 090 1 160 1 245 1 267 1 268 1 294
6.268
6.267
6.160
6. 145
6. 080
6. 058
6.034
5. 950
6.094
6.408
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 cred it
for 1948-June 1967 appear on p. 44 of the Sept. 1968 SURVEY; those for home mortgage rates
for 1965-66 and for consumer credit for 1956-Oct. 1967 will be shown later.
©Adjusted to
exclude interbank loans.
§For bond yields, see p. S-20.
fBeginnmg Feb. 1967, series
revised to cover 35 centers and exclude rates for certain loans formerly included (see May 1967
Federal Reserve Bulletin).
SUKVEY OF CURRENT BUSINESS
S-18
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
Annual
February 1969
1968
1967
Dec.
Feb.
Jan.
Apr.
Mar.
1969
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
FINANCE—Continued
CONSUMER CREDIT cf— Continued
Installment credit extended and repaid:
Unadjusted:
Extended, total
mil. $
Automobile paper
..
_ _ _
_do_
Other consumer goods paper
do
All other
.
_ _ do
82, 335
27, 341
25, 591
29, 403
84, 693
26, 667
26, 952
31, 074
8,378
2,074
3,265
3,039
6,782
2,157
2, 156
2,469
6,716
2,296
1,925
2,495
7,501
2,565
2,295
2,641
8,219
2,764
2,533
2,922
8,377
2,853
2,520
3,004
8,115
2,735
2,441
2,939
8, 738
2, 974
2,631
3,133
8,502
2,774
2,531
3,197
7,682
2,354
2,462
2,866
8,687
2,917
2,752
3,018
8,166
2,546
2,739
2,881
9,568
2,489
3,608
3,471
76, 120
25,404
23, 178
27, 538
81, 306
2,6499
25, 535
29, 272
6,937
2,068
2,193
2,676
7,329
2,302
2,434
2,593
6,862
2,193
2,275
2,394
7,260
2,305
2,418
2,537
7,365
2,375
2,336
2,654
7,393
2,366
2,350
2,677
6 994
2,189
2,204
2,601
7,723
2,464
2,427
2,832
7,266
2,323
2,206
2,737
7,182
2,343
2,251
2,588
7,813
2,555
2,492
2,766
7,271
2,319
2,319
2,633
7,631
2,284
2,377
2,970
_
7,360
2,233
2,383
2,744
7,453
2,385
2,339
2,729
7,847
2,559
2,458
2,830
7,903
2,605
2,531
2,767
7,863
2,509
2,597
2,757
8,033
2,590
2,535
2,908
8,003
2,570
2,536
2,897
8, 247
2,673
2,622
2, 952
8,187
2,684
2,483
3,020
8,416
2,783
2,560
3,073
8,533
2,782
2,645
3,106
8,288
2,681
2,640
2,967
8,277
2,592
2,656
3,029
do
do. __
do
_ __do
7,001
2 205
2 255
2,541
7,054
2 254
2 223
2,577
7,111
2 275
2,269
2,567
7 281
2 316
2 372
2,593
7,222
2 297
2 340
2,585
7,301
2 327
2 312
2,662
7,287
2,289
2,324
2,674
7, 390
2. 352
2, 374
2,664
7,253
2 327
2,209
2,717
7,701
2 482
2,428
2,791
7,586
2 391
2,451
2,744
7,454
2,363
2 388
2,703
7 502
2,357
2 422
2,723
19 045 11 711 'r 19 539' 11, 701 ' 13, 188 ' 18, 741 10, 733 12 705
15 199 15, 385 14,374 ' 13,953 ' 16,152 ' 16,016 16, 570 15 038
3,847 -3, 674 ' 5, 165 ' 2, 254 -2,963 ' 2, 726 -5,837 -2,332
15 820
14, 465
1,355
313
-286
—207
—189
— 55
4, 852 '-2,564 '-3,153 ' 2, 518 -6, 122 -2, 387
71
1,426
Repaid, total
do
Automobile paper
do
Other consumer goods paper _ _ _ _ _ .do
All other
do
Seasonally adjusted:
Extended, total
Automobile paper. _
Other consumer goods paper
All other . _
__ _
Repaid, total..
Automobile paper
Other consumer goods paper
All other
_
do
do_
do
_ do
FEDERAL GOVERNMENT FINANCE
Budget receipts, expenditures, and net lending: J
Expenditure account:
Receipts (net) _ _ _. .
mil. $
Expenditure (excl. net lending)
do
Expend, acct. surplus or deficit (— )
do
Loan account:
Net lending
do
Budget surplus or deficit (— )
do
Budgetfinancing:t
Borrowing from the public
. . .do
Reduction in cash balances
do
Total, budget financing _ _
do
Gross amount of debt outstanding^
do
Held by the public
do
Budget receipts by source and outlays by agency: H
Receipts (net), total _ _ . - _ _ _ _ .
mil. $
Individual income taxes (gross)
.do. Corporation income taxes (gross)
do
Employment taxes (gross)
__ . d o _ .
Other
do
1149 555 1153 485 '12 363 12 220 12 087 11 870
14 864 13, 695 14 311
U53 184 U72 956
-2,644 -1,608 -2, 442
i -3, 629 1-19,471
i _5 178 i __5 936
1
—589
—688
—611
-3, 233 -2, 296 -3,053
-8, 807 i -25, 407
12
848
1
5, 959
18 807
i 23, 090
12,317
i 25 407
r
'3,971
r
1149 555 1 153, 485 '12 363
i 69 371 i 78, 218
4,828
i 34, 918 i 29, 889
4,224
i 26 483 i 27, 576
1 536
i 28 365 i 29 177
1 952
Expenditures and net lending, total 9
- do
1158 362 1 178, 892
Agriculture Department
do
i 5, 841 i 7, 326
Defense Department, military
do
167 453 1 77, 190
Health, Education, and Welfare Department
do
134,950 141,251
Treasury Department
... _ _ _ _ _ _ do. _ . 1 13 045 i 14, 719
National Aeronautics and Space Adm
do
i 5, 423 i 4, 722
Veterans Administration
._
.
do
i 7, 037
i 6 688
Receipts and expenditures (national income and
product accounts basis), qtrly. totals seas. adj.
at annual rates:
Federal Government receipts, total.
bil. $
Personal tax and nontax receipts
do
Corporate profit tax accruals
do
Indirect business tax and nontax accruals.do
Contributions for social insurance _
do
r
4,085 r —
1,350
r
4, 403
3 233
2 296
3 053
361, 977 365, 021 370, 639 368, 862
'286,520 ••290,491 r294,578 '293,227
704
-738 '-1, 789
12, 220
8,152
12 087
6,901
1,583
2 046
3 345
2 591
11 870
6,205
4,439
2,050
2 025
14 383
14, 923
940
15, 453
447
6 891
3,247
1 305
372
595
650
r
495
777
6 163
6 069
3,316
1 228
3,581
1 312
395
598
410
606
r —313
—479
—856
3,368 -4, 529
r
— 1,631 ' 2, 786
'-1, 737 r 1, 743
4 529
—3 368
367, 749 373,185
r
291,596 ••294,383
r
r_3 797 r-4,097 ' 2, 839
r
314
— 1,055 - 1, 433
r_4 852 " 2 564 ' 3, 153
373, 356 378, 018
'369,723
r
290,586 294, 631 297, 492
'-4,528 3,132
—686 —3 586
2,010
2,990
5,013
3 073
6,122
'—2,518
1 427
2 387
375,374
'372,617
375, 120 371,267
292, 947 296, 121 295, 441 291, 855
19 045
11,732
4,339
3 068
2 468
11,711 r 19 539 r 11,701 ' 13,188 ' 18,741
5, 164
9.247
6,472
6,105 ' 7,815
2, 259
654
5,133
763
7,412
3,426
2, 087
2,880
2,380
2 547
2 188
2 100
2 450
3 439
3 851
15 678
16, 241
r
r
14,687 ' 14,266 ' 16,341 ' 16,223
599
1,645
1,270
"197
5,543
6,438
7 192
6 449
796
565
6 831
6 902
3,409
1 350
377
634
4,374 ' 3, 903 3, 527
1,347 r _ i 396 ' 1, 344
450
277
425
590
610
485
r
3,771
' 1, 357
434
599
3,764
' 1, 351
342
622
151.2
67.3
30.9
16.2
36.8
156.4
69.7
32.4
16.4
37.9
166.6
72.0
37.0
17.0
40.5
171.8
74 9
38.2
17.5
41.2
'38.6
17.8
42.0
142 4
77 4
60 6
35.7
14.4
9 5
163.6
90 6
72.4
42.3
15.7
10 3
168 6
93 5
74 6
42.7
17.0
10 7
175 1
97 1
76 8
45.1
17 7
11 3
181 9
100 0
79 0
47.7
18 3
11 8
184.9
101 2
79.6
48.7
18.5
12.1
5 4
4.8
4.6
39
4 1
4.4
.7
-12.4
—12.2
—8.6
— 10 2
-2.8
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies t
bil. $__ 2 167. 02 2 2177. 36
2 71 90
Bonds (book value), total
_
do
75 42
Stocks (book value), total.
do .
2 10. 79
2 8.76
Mortgage loans, total
_ do
2 64. 61
22 67. 52
Nonfarm
_
do
2 59 37
61 95
2
Real estate
_
do
25.19
4 88
2
Policy loans and premium notes.
_ _ do
9.12
2
10. 06
2
2
Cash
_
do
1 53
1 56
2
2
Other assets
_
do
6 23
6 83
177. 20
75 49
9.00
67.60
62 04
5.18
10.08
1 56
8.30
Surplus or deficit (—)
_
do_ ..
12 705
6 541
679
2 495
3 194
15 820
6,443
5,273
1 848
2 438
16, 856
1,289
6,769
15 092
754
6 342
14 394
675
6 702
3,830
1 436
329
617
3,762
1 416
353
581
3,790
1,252
393
' 597
182.1
83.7
143.0
61.7
32.4
15.8
33.1
Federal Government expenditures, total. _ do
Purchases of goods and services
do
National defense..
do
Transfer payments
do
Grants-in-aid to State and local govts
do
Net interest paid
do
Subsidies less current surplus of government
enterprises
bil. $ _
10, 733
5,359
1,496
1,937
2,243
86 8
18.1
42.4
r ige 9
' 101 7
80 0
49 5
19 2
r 19 3
'41
LIFE INSURANCE
Payments to policyholders and beneficiaries in
U.S., total
mil. $_.
Death benefits
.
do
Matured endowments.
do
Disability payments
do
Annuity payments
_ do
Surrender values
_
do
Policy dividends
do
178.26
76 37
9.06
67.77
62 22
5 21
10.17
1 46
8 23
178. 76
76.68
9.17
67.87
62.29
5.24
10.26
1.33
8.21
180. 41
77.15
9.43
68.12
62.45
5.30
10.47
1.19
8.74
181. 23
77.42
9.59
68.34
62.63
5.34
10.60
1. 17
8.78
182. 11
77 59
9.75
68.51
62 78
5 37
10.73
1 24
8 92
183. 09
78 14
9.94
68.71
62 97
5 42
10.81
1 40
8 68
183. 84
78 34
10.04
68.91
63 15
5 47
10.92
1 35
8 79
184. 75
78.51
10.17
69.02
63.25
5.50
11.03
1.45
9.07
185. 70
78 98
10.34
69.21
63 43
5 51
11 12
1 46
9 08
186. 89
79 32
10.51
69.41
63 63
5 54
11 20
1 45
9 47
12, 342. 2 13, 293. 6 1,373.4 1,174.9 1,150.8 1, 278. 4 1, 155. 3 1, 177. 9 1, 127. 2 1, 120. 5 1, 198. 8 1,162.3 1, 247. 2 1, 087. 3
525.8
5 218. 2 5 665 3
498 6
531 2
531.6
499 2
575 4
508 7
520 5
507 3
476 4
466 1
547 8
84.1
981.6 1,017 1
86 5
81.0
83.8
90 5
74 9
75 0
80 8
76 7
75 5
75 4
84 6
16.2
169.3
174 6
17.4
13.7
12.9
15.5
15 4
18 0
15 6
18 6
15 9
15 5
16 8
117. 2
1, 152. 6 1,261.3
114.4
113.2
133.5
112.2
117 3
91.8
111.8
118 7
112 1
122 8
117 0
218.5
2, 120. 6 2, 243. 1
197.0
194.4
201.4
215.0
191.8
196.0
208.1
200.5
218.6
186.5
204.7
2. 699. 9 2. 932. 2
210.3
213.1
267.7
227.0
242.4
212.3
259.4
475.6
216.1
282.4
257.5
226.8
' Revised.
i Data shown in 1966 and 1967 annual columns are for fiscal years ending June 30, 1967
and June 30, 1968, respectively; revised monthly data not available.
2 Annual statement
values.
d" Sec note " J" on p. S-17.
UTables showing cash transactions and administrative budget receipts and expenditures
179. 48
76 97
9.35
68.06
62 42
5 26
10 36
1 18
8 30
have been discontinued. Data shown in the indicated sections are on the basis of budget
concepts adopted pursuant to the recommendations of the President's Commission on Budget
Concepts.
9 Includes data for items not shown separately.
J Revisions for Apr. 1966-Aug. 1967 will be shown later.
SURVEY OF CURRENT BUSINESS
February 1960
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual
1968
1967
Dec.
S-19
Jan.
Feb.
Mar.
Apr.
June
May
*
1969
July
Aug.
Sept.
11,407
8,433
2,451
523
12, 295
8,470
3,305
520
11,161
8,101
2,533
527
549
536
1,512
1,118
1,516
1,129
1,432
1,072
1,569
1,192
261
99
278
99
1,426
1,083
248
95
10,367
92
370
16, 128
10, 367
-7
478
15, 824
11,884
11, 547
2.018
21, 887
10, 721
1.959
Oct.
Nov.
Dec.
Jan.
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association :t
Insurance written (new paid-for insurance):
Value estimated total
mil. $
Ordinary (incl mass-marketed ord )t
Qroupt
Industrial
do
Premiums collected:
Total life insurance premiums
do
Ordinary (incl mass-marketed ord )f do
Qroupf
do
Industrial
do
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period) _ _ _ m i l . $..
Net release from earmark§
do
Exports
.
thous. $
Imports
do
Production, world total
mil $
South Africa
do
Canada
do
United States _ .
._.
.do
Silver:
Exports
thous. $
Imports
do
Price at New York
_ dol. per fine oz
Production:
Canada
thous fine oz
Mexico
do
United States
do
Currency in circulation (end of period)
bil $
Money supply and related data (avg. of daily fig.) : J
Unadjusted for seasonal variation:
Total money supply
bil $
Currency outside banks
do
Demand deposits
._
do
Time deposits adjusted^
do
U.S. Government demand deposits
._ do
Adjusted for seasonal variation:
Total money supply
do
Currency outside banks
_._do
Demand deposits _
do
Time deposits adjusted^.
_ do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
Total (233 SMSA's)O ratio of debits to deposits
New York SMSA~~
"
do
Total 232 SMSA's (except N Y )
do
6 other leading SMSA'scf
do
226other SMSA's _
.
do
16 090
12, 117
2,605
1 367
9,989
7,291
2,197
501
10, 871
8,118
2,198
555
11,786
8,898
2,331
557
12, 450
9,253
2,594
603
11,416
8,435
2,431
550
1,514
1,146
1,434
1,084
268
100
254
96
1 442
1 109
1 430
1 096
1 486
1 128
1 462
1 094
258
99
269
98
13, 159
11, 982 11, 982 11, 984
—50
52
—86
221
457, 333 1,005,199 1 002,523 1, 503
42,004
32, 547
3 201
2 510
2
1, 445 0 -pi, 410.0
1.080 8 1 068 7
90 3
88 5
103.7
114.6
7.7
8 7
55.4
63.1
11, 882
—31
10, 484
10, 384
—31
10,367
413
1 839
12 596
10. 484
—148
1,302
29 283
19, 153
90 0
77
91 S
83
91 8
93.1
17 017
12, 822
2,843
1,352
1 734
1 178
313
243
228
105
237
98
—234
949 500, 800
8.2
293
101
287
100
16, 094
10, 367
—49
9,199
59,648
10,367
—76
458
13, 361
10, 367
170
11, 732
18, 365
10,367
36
11,484
20, 770
91.5
90.5
91.5
254 300, 630
8.4
13, 802 1 15, 658
9,782
8,888
3,471 i 6, 234
7.5
93.7
92.4
7.4
7.7
8.3
20, 990
14, 182
1.973
16,642
9,998
6,070
574
10, 367
114,325
78 378
1.293
100, 710
80 178
1.550
6 236
4 984
2 066
12, 993
10 922
1.990
23 889
8 645
1 855
9,192
12 436
2 180
19, 526
8 567
2. 203
18, 953
14, 306
2.377
41, 149
13, 019
2.464
35, 673
16 543
2.314
17, 207
10, 844
2.195
18,806
13, 421
2.208
32 825
41 984
45,047
44 7
37 206
40, 173
30, 354
47 2
2 g64
3 019
3 342
2 949
45 8
3 435
4 894
2 017
46 6
3 807
2 826
2,841
47 2
3 559
4,419
4,233
47 6
4 536
2 379
3,282
48 0
4 616
47 2
3 640
4 017
1 268
46 3
3,372
703
3 672
2 276
1 079
45 8
4 564
650
4,196
48 4
4,092
48 3
4,327
48 7
4,368
50.0
51.0
169.8
37.5
132.3
3
154. 0
4.9
176.4
39.4
137.0
173.3
187 1
41.2
145.9
182 0
5 0
187.6
40.5
147.1
183.7
181 4
40.3
141.1
185.8
182 0
40.7
141.2
187 7
185.6
41.1
144.5
187.9
185.6
41.9
143.6
188.6
6.6
5.4
186 9
42.7
144.2
194.4
190.6
42.9
147.7
199.1
6.4
187.2
42.4
144.8
190.8
188.6
42.7
145.8
196.2
4.2
182.5
41.3
141.1
188.4
5.5
5.9
6.1
193.4
43.7
149.7
200.7
4.2
' 199. 2
44.3
154.9
202.5
'4.8
199.4
43.1
151.3
201.7
6.7
181 3
40.4
140 9
183 5
182.3
40.5
141.7
184.1
182.7
40.7
141.9
185.2
183 4
41.1
142 2
186 7
184.3
41.4
143.0
187.1
186.1
41.6
144.5
187.6
187.4
42.0
145.4
188.2
189.4
42.2
147.2
190.4
190.3
42.6
147.6
193.8
189.5
42.7
146.7
196.6
190.2
42.8
147.4
199.5
'191.9
43.2
148.7
201.9
193.1
43.4
' 149. 6
204.3
193.7
43.6
150.1
202.5
60 2
128 5
41 6
55 6
36.0
59 8
129 2
42 1
56 9
36.1
59
128
41
56
35
59 7
126 7
42 3
57 4
36.2
61 0
129 5
43 0
58 8
36.1
62 4
131.4
43 4
59 5
36.6
64 3
140 3
43 7
59 9
37.0
65 2
147.7
43 7
60 8
36.5
64 7
144.7
43.8
61 3
36.7
66 3
143.1
45 6
64 4
37.7
66.5
144.6
44.9
63.0
37.4
65.9
147.7
44.5
61.1
37.5
5.1
5.0
7.2
5.7
56 7
120.8
40 1
53 4
34.5
58 5
122 1
41 1
54 6
35 3
30 937
2 102
'702
29 008
2 130
7 946
589
171
7,430
501
129
8,286
521
167
7,635
590
180
345
911
3 474
5 055
799
1 298
1 487
333
796
3 261
5,497
98
210
859
113
193
878
173
239
904
179
211
852
1 395
3' 058
2 379
1 316
2 893
2 297
821
3 053
4 058
12 958
2 356
3 884
13, 262
2 764
mil $
45 015
do
do
do
do
do
do
do
do
do
do
do
540
3
2
6
5
7
1,491
1,400
1,442
240
306
413
254
269
177
268
641
572
356
796
581
349
745
605
1,129
3,732
238
862
906
3,325
285
957
949
3, 538
2 911
729
863
641
68 514
4,483
42 501
15 561
1 939
' 574
65 670
21 954
1 959
4 206
2 107
885
235
42
18 074
7 070
375
3 665
339
2 003
24 798
11 058
2 385
1 135
1 Q41
9 433
672
1 061
1 165
809
587
4 935
286
1 979
1 477
195
233
346
322
692
666
79
225
334
249
712
4 556
4 234
1 449
276
46
1 771
126
282
16
70
561
49
424
9
188
9.77
97Q
8 072
5 069
3,423
7,702
4,984
7 845
1 382
4 628
1*359
3 152
1,157
7 402
1,566
4 593
2 025
169
58
1 608
' 570
'Revised.
p Preliminary.
1 Includes coverage on Federal employees of $8.3 bil. in
Dec. 1967 and $3.5 bil. in Nov. 1968.
2 Estimated; excludes
U.S.S.R., other Eastern Euro3
pean 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).
t Revisions for Jan. 1966-July 1967 for insurance written and for Jan.-July 1967 for premiums collected will be shown later; those for money supply for 1963-Apr. 1967 are in the June
14,421
9,139
4,670
612
52 8
109 4
38 3
50 1
33.3
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes, all industries
mil $
Food and kindred products
do
Textile mill products
do
Lumber and wood products (except furniture)
mil $
Paper and allied products
do
Chemicals and allied products
do
Petroleum refining..
_
do
Stone, clay, and glass products
do
Primary nonferrous metal
do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery and transport equip )
mil $
Machinery (except electrical)
do
Elec. machinery, equip and supplies
do
Transportation equipment (except" motor
vehicles, etc.)
mil $
Motor vehicles and equipment
do
All other manufacturing industries
do
Dividends paid (cash) , all industries
do
Electric utilities, profits after taxes (Federal Reserve)
mil $
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
Financial and real estate.
121, 989 U41,799 !24 089
88, 693 1 94, 777 1 8,798
26, 219
39, 968 14, 720
7,054
7,078
571
50
562
47
148
fU
295
145
221
49
1,799
1,428
777
42
456
13
86
105
373
38
180
14
192
147
249
51
1.866
563
18
557
o
104
24R
237
396
1,150
' 3, 262
9 821
3 819
6,060
3,257
4 541
1 771
9 426
1 037
3 421
1 159
286
86
303
93
397
I
5 551
1,591
2 821
1,294
395
41
2 411
2 143
767
35
507
28
239
1 432
*362
1 557
843
27
239
20
239
2,099
620
66
676
19
106
229
901
149.
229
361
24
1.979
4 913
21
446
H
95
1Q7
453
70
475
5
156
483
25
1,729
392
77
443
50
171
219
1968 Federal Reserve Bulletin.
§ Or increase in earmarked gold (-).
t Beginning
Oct. 1968 SURVEY, mass-marketed ordinary, formerly combined with group, is included
under ordinary insurance; monthly data available on new basis beginning Jan. 1966.
H Time deposits at all commercial banks other than those due to domestic commercial banks
and the U.S. Govt.
O Total SMSA's include some cities and counties not designated as
SMSA's.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland,
c
and Los Angeles-Long Beach.
9 Includes data not shown separately.
Corrected.
SUKVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1968
1967
Dec.
Annual
February 1969
Jan.
Feb.
Mar.
Apr.
May
June
1969
July
Aug.
Sept.
Oct.
8,389
5,850
1,729
2,262
361
1,423
3,960
430
2,260
1 527
379
1,037
1,037
6T5
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
26 941
8,231
11, 089
43 716
19,431
14, 288
2 099
371
1,093
2 785
481
1,162
6,464
4,719
1,134
3,270
418
1,363
1,995
405
1,277
5,836
3,805
1,134
2,573
383
1,360
2,770
417
1,422
. .do
17, 841
24,409
2,344
1,732
1,585
1,765
1,397
1,829
2,367
2,097
1,397
1,513
do
_do_ _
do
_ _ _.do_ .
do
15, 806
12, 430
3,376
241
1,795
22, 230
16, 154
6,076
312
1,867
2,113
1,379
734
8
223
1,588
1,202
386
30
117
1,447
1,136
311
16
121
1,592
1,253
339
24
149
1,210
897
313
12
175
1,647
1,102
546
4
177
1,944
1,263
681
33
389
1,985
1 143
841
6
106
1,074
744
330
3
320
1,281
912
370
15
216
11, 089
6,524
14, 288
8,025
1,093
330
1,162
569
1,134
563
1,363
1,090
1,277
669
1,134
972
1,360
422
1,422
673
1,729
835
1,423
459
2,260
856
J
609
i1 5, 387
1, 637
1
1
791
7,948
2,763
888
7,797
2,942
815
7,419
2,778
820
7,248
2,692
834
7,701
2,979
850
8,268
3,064
885
8,728
3 293
977
8,861
3,269
885
8,489
2,984
964
8,724
3,126
1,063
1,024
1,008
8,859 'r 9, 029 9,757
3, 419
3,717
3,407
State and municipal issues (Bond Buyer):
Long-term
__
_
Short-term
do
do
1,111
574
SECURITY MARKETS
Brokers' Balances
(N.Y.S.E. Members Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances (net)
_
mil. $
do
do
1
791
7, 948
2, 763
Bonds
Prices:
Standard & Poor's Corporation:
Industrial, utility,
and railroad (A A A issues) :
Composited1
dol per $100 bond
Domestic municipal (15 bonds)
_ _ do
86.1
102.5
81.8
100.5
75.9
93.6
77.2
95.5
77.5
94.8
76.9
92.7
76.2
94.7
75.3
92.7
75.6
92.8
76. 1
95.2
78.1
95.9
78.4
93.9
77.0
92.7
75.7
91.2
72.8
89.2
72.3
88.0
78.63
76.55
71.22
73.09
73.30
70.98
72.06
70.89
72.58
73. 99
74.48
73.95
72.44
71.27
68.47
67.61
4,261.12 6, 087. 43
3,740.48 5, 393. 60
531. 62
519. 14
552. 08
503. 57
402. 93
392. 36
434.68
432. 90
523. 16
499. 30
549. 78
520. 63
445.94
429. 15
388. 82
375. 37
364. 07
343. 50
397. 64
397. 65
522. 32
533. 78
501. 27
474. 36
586. 72
555. 81
4,100.86 5, 428. 00
3,589.62 4, 862. 48
440. 43
446. 45
437. 51
422. 35
339. 82
341. 27
356. 71
367. 88
383. 18
386. 64
394. 65
404. 34
336. 37
335 50
313. 26
317. 38
286. 17
277. 57
304. 64
323. 61
406. 30
430. 97
395. 10
383. 79
448. 22
456. 37
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $ 3, 092. 79 3, 955. 54
360. 78
333. 25
268. 61
317. 43
351. 55
346. 53
276. 51
269. 07
252. 18
305. 18
363. 54
343. 20
387. 20
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
344. 56
5.34
25.82
26.51
6.45
6.40
6.42
6.53
6.60
6.63
6.57
6.37
6.35
6.43
6.56
6.80
6.89
5.13
5.23
5.35
5.67
2 5.51
5.66
5.86
6 23
26.19
6.35
6.58
6.93
6.17
6.29
6.48
6.84
6.10
6.27
6.41
6.80
6.11
6.28
6.43
6 85
6.21
6.38
6.57
6 97
6 27
6.48
6 62
7 03
6 28
6.50
6.65
7 07
6 24
6.45
6.60
6 98
6.02
6.25
6.38
6.82
5.97
6.23
6.39
6 79
6 09
6.32
6 47
6 84
6.19
6.45
6.59
7.01
6.45
6.66
6.85
7.23
6.59
6.73
6.93
7 32
5 30
5.36
5.37
5 74
5.81
2 5.89
6.39
6.57
26.63
6.34
6.47
6.65
6.31
6.36
6.65
6 33
6.39
6.67
6 42
6.54
6.79
6 49
6 60
6.87
6 54
6.60
6.88
6 50
6 53
6.82
6.26
6.30
6.72
6 24
6.27
6.70
6 34
6.39
6.72
6.47
6.58
6.78
6 72
6.85
6.97
6 78
7.02
6.98
3.83
3.82
3 96
3.98
4.44
4.49
4.16
4.34
4.44
4.39
4 54
4.56
4 44
4.41
4 64
4.56
4 48
4.56
4 11
4.36
4 38
4.31
4 36
4.47
4 56
4.56
4.64
4.68
4 85
4.91
4 91
4.95
4.66
4.85
5.36
5.18
5.16
5.39
5.28
5.40
5.23
5.09
5.04
5.09
5.24
5.36
5.65
5.74
8.25
9.17
4 11
4.45
5.06
6.85
8.26
9.03
4 34
4.62
5 35
7.82
8.30
8.95
4.44
4.55
5.57
7.95
8.41
9. 12
4 44
4.55
5 57
7.95
8.42
9. 12
4.45
4.52
5.69
8.08
8.42
9 12
4 46
4 52
5 69
8 08
8.46
9 18
4 48
4 52
5 78
8 08
8.47
9 18
4 48
4 52
5 78
8 08
8.47
9.18
4 48
4.55
5 78
8.08
8.49
9 20
4 50
4 55
5 78
8 08
8.52
9.23
4.50
4.55
5.78
9.00
8.52
9.23
4 55
4.55
5.89
9.00
8.56
9 25
4 55
4.55
5 89
9.24
8.78
9.55
4 55
4.62
6 09
9.86
8.78
9.57
4 58
4.62
6.14
9.86
8.94
9.67
4.58
4.62
6. 14
9.86
do
do
do....
do
230. 88
266. 77
102. 90
92.65
246 54
290. 05
101.87
95 91
256. 30
309. 19
98.19
90.86
247 26
294. 18
97.75
88 59
241. 14
286. 99
97.15
85.80
242 77
290 96
92.66
86 75
262 85
319 20
92.93
94 62
262 95
318 40
92.08
109 93
268 14
320. 51
100. 10
105 57
264 13
314 45
99. 76
100 77
266. 57
317. 73
99.25
101.90
267. 62
328.32
98.46
109.77
269 92
329. 50
98.83
109.53
281.46
343. 13
107. 33
115. 18
268.18
326. 90
104. 04
111.24
267. 55
321. 13
106. 49
114. 38
percent..
do
. . . do
do
do
... do
3.57
3.44
3.99
4.80
4.04
2.92
3.35
3 11
4.26
4 82
3 87
3.47
3.24
2.89
4.52
5.01
4 06
3.78
3.40
3.10
4.54
5. 14
3 93
3.63
3.49
3.18
4.58
5.27
3 77
3.99
3.47
3 13
4.81
5 21
3 86
4.11
3.22
2 88
4 82
4 78
3 66
3 94
3.22
2 88
4 87
4 42
3 63
3.38
3.16
2.86
4.48
4 31
3 30
2.71
3.21
2 93
4.51
4 52
3 17
2.85
3.20
2.90
4.53
4.47
3 24
3.00
3.18
2.81
4.62
4. 15
3 28
2.66
3.17
2.81
4.60
4.15
3 01
2.69
3.12
2.78
4.25
4.01
3 07
2.83
3.27
2.93
4.40
4.15
3 26
2.76
3.34
3.01
4.30
4.04
3.21
2.85
U.S. Treasury bonds, taxable O
do
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
Earnings per share (indust., qtrly. at ann. rate;
pub. util. and RR., for 12 mo. ending each qtr.) :
Industrials
dollarsPublic utilities
do
Railroads
_ ... _ do
16.78
15.76
18.65
6 30
6 67
6 67
9.34
6.74
6.74
r
Revised.
1 End of year.
2 Beginning Dec. 18,1967, Aaa railroad bonds not included.
9 Includes data not shown separately.
d"Number of bonds represented fluctuates; the change in the number does not affect the
19.75
r 15. 78
' 18. 32
' 16. 18
6.73
6.78
6 78
6 67
7.17
6.88
6.72
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.
SURVEY OF CURRENT BUSINESS
February I860
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
Annual
S-21
1967
1969
1968
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)
percent. .
4.97
5.34
5.95
5.70
5.65
5.80
5.86
5.92
5.90
5.74
5.59
5.63
5.76
5.82
5.93
5.93
308.70
873. 60
136. 56
227. 35
314. 79
879.12
132. 65
242. 38
309.78
887.20
125. 19
233.20
312. 05
884. 77
132. 48
233. 76
299. 84
847 20
128. 87
224 63
292. 86
834 76
123. 66
217 94
309. 31
893.37
123. 59
230 63
318. 17
905. 22
122. 72
246.85
327. 12
906. 82
127. 66
262. 95
327. 41
905. 32
133. 11
259. 95
318. 15
883.72
131. 15
249. 52
329. 15
922. 80
130. 80
258. 53
340. 25
955. 47
130. 40
270. 41
344. 39
964.12
137. 57
270. 51
347. 57
968. 39
138. 26
279. 25
337.64
934.90
135. 62
268.79
85.26
91.93
95.30
95.04
90.75
89.09
95.67
97.87
100. 53
100.30
98.11
101. 34
103. 76
105.40
106. 48
102.04
91.08
84.86
74.10
68.21
46.34
99.18
96.96
79.18
68.10
46.72
103. 91
106. 41
81.92
64.61
43.46
103. 11
102. 87
81.06
68.02
43.38
98.33
98.13
77.99
65.61
42.35
96.77
96.32
77.49
62.62
41.68
104.42
104.08
84.79
63.66
44.79
107. 02
106. 86
87.75
62.92
48.00
109. 73
110. 65
89.04
65.21
51.72
109. 16
108.12
88.38
67.55
51.01
106. 77
104. 92
85.73
66.60
48.80
110. 53
107. 57
88.46
66.77
51.11
113. 29
108. 48
91.36
66.93
54.26
114. 77
109.75
92.04
70.59
53.74
116. 01
111.44
91.91
70.54
55.19
110. 97
106. 56
87.69
68.65
54.11
Banks:
New York City (9 stocks) . _
do
Outside New York City (16 stocks) . do
33.32
63.80
36.40
66.46
35.52
64.83
37.18
67.64
38.46
70.66
38.38
70.59
40 35
73.18
42.19
76.43
43.72
79.66
48.58
85.91
47.38
84.74
46.99
84.59
49.65
89.83
52.46
98.15
50.99
' 99. 19
49.49
92.57
Fire and casualty insurance (16 stocks) _ do .
64.55
62.29
56.99
59.42
56.61
53.31
53.61
59.23
72.52
78.11
78.11
82.97
96.19
95.35
' 98. 30
95.51
46.15
46.18
50.26
45.41
44.45
50.77
51.97
53.51
45.43
49.82
53.06
55.80
48.73
42.75
52.37
53.24
55.45
47.90
44.87
55.89
50.68
52 63
45 15
43 36
53.88
49.48
51 54
43 29
41.78
52.98
53.23
56 03
46 85
42 46
57 56
54.85
58 04
49 92
42.07
60.43
56.64
59.83
52.86
43.30
64.60
56.41
59.12
51.59
44.69
68.90
55.04
57.59
49.01
44.09
68.19
56.80
59.57
51.94
44.53
71.77
58.32
61.07
55.24
45.22
77.50
59.44
61.97
55.96
47.18
79.55
60.32
63.21
57.30
46.73
79.00
57.82
60.32
56.35
45.64
75.58
123 034
3 188
161 752
4 504
14 919
17 662
12 008
12 632
17 571
20 012 18 582
510
' 568
16, 529
14, 038
376
'13,735 ' 18, 560
388
479
16, 165
18,864
444
412
508
98, 565
2 205
125, 329
2 886
11, 186
13 310
14, 341
13,548
12, 373
10,493
333
305
305
13,844
231
11,979
298
244
13, 727
283
9,868
261
314
1,899
2,530
230
263
174
193
296
292
257
243
194
228
272
252
268
267
482. 54
10, 939
605. 82
11,622
605.82
11, 622
582. 94
11, 696
564.15
11, 796
568. 51
11, 897
619. 04
11,936
631.82
12, 158
641.04
12, 330
628. 88
12, 440
640.17
12, 626
668.36
12, 714
676. 18
12, 891
716. 40
13,042
692. 34
13, 196
689.24
13, 326
Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks).
Railroad (20 stocks)
Standard & Poor's Corporation :cf
Industrial, public utility , and railroad:
Combined index (500 stocks)
1941-43=10..
Industrial, total (425 stocks) 9
Capital goods (130 stocks)
Consumers' goods (181 stocks)
Public utility (55 stocks)
Railroad (20 stocks)
do .
do ...
do
do
do
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.
412
262
518
12, 914
298
321
8,909
205
336
9,672
221
453
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value
Exports (mdse.), incl. reexports, total
Excl. Dept. of Defense shipments
Seasonally adjusted
By geographic regions:
Africa
_
Asia
Australia and Oceania
Europe
.mil. $.. 30, 319. 6
do
29, 379. 2
31,526.2 2,871.5 ^2,725.6
30,934.4 2,812.3 2,672.8
2,725.8 ••2,672.7 ••2,981.2 '2,967.5 '2,792.9 '2,699.7 '2,840.4 ?, 984. 7 2, 763. 4 3, 184. 3 3, 075. 1
2,666.5 '2,638.1 '2,942.0 '2,943.8 '2,743.2 ^,640.6 ^2,786.7 2, 941. 5 2, 714. 9 3, 124. 4 3, 026. 0
2,603.4
2,783.4
2,772.9 '2,453.7 '2,886.4 '2,719.1 '2,822.9 '2,803.1 '2,915.7 3,245.9 2, 594. 2 2, 989. 3 2, 866. 0
do
94.2
109.6
543.4
690.0
78.5
80.8
879.9 1, 016. 0
94.6
702.8
77.2
996.5
769.5
211.7
184.0
791.5
221.3
277.4
702.3
236.1
265.5
3.3
36.3
11.1
36.3
3.1
43.1
3.9
32.9
81.8
52.1
24.2
4.5
79.3
40.6
29.1
3.9
67.3
33.9
28.5
3.7
66.9
51.0
33.2
3.8
66.4
62.7
28.6
4.2
8.5
34.0
230.3
9.9
36.6
247.4
12.5
40.5
249.9
12.6
24.3
223.7
23.3
32.3
276.7
23.5
28.8
274.9
79.2
1.6
137.1
81.7
.5
134.4
82.2
3.7
162.2
84.7
2.9
158.5
79.6
1.3
133.1
102.2
3.4
142.3
95.7
4.0
160.0
94.0
3.8
183.2
103.3
4.3
170.8
103.3
4.6
162.9
99.3
6.9
182.5
88.2
2.2
201.3
86.6
2.4
204.9
93.4
6.9
223.6
100.6
6.0
186.0
735.9
637.3
594.1
565.9
661.2
769.4
791.5
702.3
do
do
do
do
1, 348. 5
6,733.3
805.3
10,003.0
1, 182. 3
7, 147. 2
1,016.1
10,294.1
88.4
642.6
164.1
943.1
96.6
676.2
92.1
870.8
107.1
639.9
88.6
880.1
87.7
613.5
81.3
855.4
127.5
669.8
93.1
938.8
117.7
600.9
96.0
961.0
108.2
618.8
74.0
863.3
110.3
100.1
115.8
609.8
586.4
628. 1
92.5
73.3
98.6
880.6 1, 000. 3 1,011.6
do
do
do
6,661.2
2,268.3
2, 499. 9
7, 174. 1
2, 365. 0
2, 354. 9
618.1
197.7
218.1
615.4
186.0
189.6
600.7
213.4
196.2
630.5
208.8
196.6
695.0
222.6
236.7
735.9
224.4
232.2
637.4
220.5
209.0
594.1
214.7
250.3
565.9
212.6
249.1
661.2
213.0
256.4
do
do
189.1
401.0
66.1
426.4
2.9
29.0
2.5
35.3
1.0
39.3
2.9
26.6
1.4
47.0
6.9
44.5
6.9
34.2
3.4
36.5
2.2
43.3
do
do
do
do
654.2
929.3
238.7
45.6
894.1
955.4
346.9
49.2
157.9
58.5
34.6
6.7
73.6
94.6
18.4
5.9
73.4
81.9
27.9
5.5
72.4
80.5
27.0
5.3
83.3
74.1
23.9
4.7
83.0
50.9
17.6
3.8
67.9
51.3
25.0
3.8
59.6
43.7
18.6
4.3
do
do
do
67.6
347.8
2,363.6
68.4
428.2
2, 695. 8
7.4
33.8
244.1
11.1
45.8
246.1
5.0
36.1
256.8
14.0
32.1
230.3
21.5
38.5
250.4
15.4
49.0
235.0
11.8
38.4
228.3
do
do
do
1,007.0
25.2
1, 673. 6
1,025.1
26.3
1,706.3
86.0
1.1
136.3
102.3
2.5
117.1
87.0
2.7
124.7
84.4
1.1
130.8
98.2
3.2
161.6
100.6
2.4
150.6
do
do
do
908.8
972.9
60.2
41.7
1, 737. 1 1,960.3
93.4
4.5
193.6
95.1
5.9
167.4
74.7
2.9
179.3
93.6
6.2
151.5
87.5
5.4
166.6
615.4
600.7
mil $
6, 660. 8 7, 172. 9
618.1
Revised.
cfNumber of stocks represents nu mber cur rently us ed; the change in
number does not affect continuity of the series.
629.5
695.0
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
9 Incl udes dat{i not shown sepai ately.
SURVEY OF CUKRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
| 1967
Annual
1967
Dec.
February 1969
1968
Jan.
Feb.
Mar.
Apr.
May
June
1969
July
Aug.
Sept. I Oct.
Nov.
Dec.
436.8
41.3
87.0
24.7
29.7
112.5
60.7
447.8
35.7
71.0
29.4
25.3
127.9
63.9
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
Exports (mdse.), incl. reexports— Continued
By leading countries— Continued
North and South America— Continued
Latin American Republics, total 9
Argentina
Brazil
_. - - ._
Chile
Colombia
Mexico
Venezuela
Exports of TJ S merchandise total
Excluding military grant-aid
Agricultural products total
Nonagricultural products total
mil. $_. 4, 230. 9
244.1
do
575.0
do __
256.0
do
287.1
do
1, 180. 0
do
598.0
do
do
do
do
do
By commodity groups and principal commodities:
Food and live animals 9
do
Meats and preparations (incl. poultry) __do
Grains and cereal preparations
do
362.9
18.5
58.6
24.0
25.2
99.8
50.3
329.9
18.6
46.5
18.3
21.9
94.7
45.8
29,883.9 31,142.1 2,840.7 2,696.7
28.943.5 30,550.2 2,781.5 ,643.9
545.5
563.6
6,874.2 6, 383. 3
152.4
277.4
23,009.8 4, 763. 9
4,562. 4
158.9
3, 189. 6
4060.9
151.3
2, 681. 4
351.1
11.8
237.0
359.4
16.1
48.4
21.1
23.3
118.8
49.3
358.4
14.6
41.2
32.2
29.1
120.5
47.1
402.3
19.7
61.2
18.1
26.2
111.4
59.4
405.9
22.3
55.0
22.8
29.9
123.6
53.5
378.4
16.7
53.7
23.1
28.9
121.9
48.5
410.7
25.5
64.7
38.3
28.2
111.4
55.4
404.5
21.8
74.6
29.0
26.8
105.7
54.3
410.5
30.7
65.0
32.4
22.8
97.9
63.5
345.4
18.6
40.3
17.7
26.8
118.3
53.5
, 695. 1 ••2,634.5 12,945.2 •2,930.3 2,758.9 •2,664.6 2, 802. 6 2, 950. 9 2, 717. 9 3, 150. 5 3, 034. 6
,635.8 2,599.8 2,906.0 ^2,906.5 2,709.2 %605.5 %748.8 2, 907. 6 2, 669. 3 3, 090. 6 2, 985. 5
523.9
544.5
497.6
547.5
489.2
461.4
609.5
463.9
610.8
469.7
465. 8
,147.7 ,091.0 , 423. 5 , 433. 3 2,235.8 2, 198. 6 2, 313. 4 2, 481. 1 2, 253. 9 2, 541. 0 2, 423. 8
r 353. 6 ' 334. 7
11.5
10.1
225.4
249.2
313.9 •• 287. 7
10.6
10.0
183.3
176.5
297.0
10.3
183.4
326.0
15.3
197.9
48.5
73.0
88.1
45.6
82.5
76.1
285.0 '290.7 ••308.9 ' 313. 0 ' 302. 9 ' 245. 3 ' 271. 6 ••264.7
45.8
45.1
49.3
24.4
33.9
43.4
60.9
52.7
61.3
68.6
57.1
53.2
52.5
47.8
61.3
47.5
57.9
50.5
54.3
47.4
33.5
44.5
35.6
36.0
266.0
30.5
38.4
51.2
280.8
17.9
88.2
39.4
348.6
22.2
132.3
50.6
317.1
33.2
101.9
38.5
106.5
54.3
46.8
78.2
38.4
34.4
92.4
46.8
39.7
90.7
46.5
40.1
25.0
••21.2
20.1
28.5
249.3
272.8
276.5
313.9
39.1
55.7
55.1
351.2
46.0
65.1
62.4
332.8
42.4
66.9
54.6
352.8 ••353.5
11.7
11.8
246.2
246.6
44.5
Beverages and tobacco
do
623.7
648.7
73.7
Crude materials inedible exc fuels 9
Cotton raw excl linters and waste
Soybeans, exc. canned or prepared
Metal ores concentrates and scrap
do
do
do
do
3,070.4
432.2
759.9
421.6
3, 279. 7
463.8
771.6
519.6
276.8
38.3
74.3
36.6
Mineral fuels lubricants etc 9
Coal and related products
Petroleum and products
do
do
do
975.8
493.0
434.1
1, 104. 1
501.3
538.9
76.1
39.1
31.3
76.5
35.5
30.4
Animal and vegetable oils, fats, waxes
do
356.8
338.0
19.8
••15. 6
235.9
52.9
••37.0
••46.5
••78.6
33.5
39.9
89.6
45.9
38.1
26.2
24.3
'23.1
238.4
257.8
292.5
70.5
30.9
33.6
52.6
••55.2
••92.8
48.9
39.1
87.0
42.5
38.1
••90.4 ' 102. 4
58.3
42.3
39.4
41.4
20.9
29.3
••20.2
' 287. 5 260.2
278.8
20.3
Chemicals
do
2,674. 5
2,801.6
242.6
do
do
do
do
3,433. 5
554.2
557.3
582.4
3,391.1
530.9
561.2
516.8
277.6 ' 261. 8 ' 264. 7 ••264.1 r 318. 6 r 326. 0 ' 307. 2 ' 298. 6 ' 320. 6
47.9
46.9
39.5
43.2
40.8
44.9
40.1
40.4
48.9
47.3
46.8
45.0
40.6
39.6
46.5
47.8
45.4
46.0
40.2
54.0
32.5
56.4
29.2
57.1
57.8
29.9
30.1
12,574.1 1,241. 1 ••1,160.5
289.5
16.6
167.0
304.3 ' 334. 9
Manufactured goods 9
Textiles
Iron and steel
Nonferrous base metals
Machinery and transport equipment, total
mil. $-. 1, 155. 5
379.2
51.1
63.3
72.0
278.2
15.4
150.4
336.3
21.6
200.4
366.3
16.9
237.8
1,273.2 ••1,272.4 1,237.1 1, 118. 6 1, 123. 0 1, 199. 4 1, 179. 4 1, 384. 4 1, 276. 9
718.5
761.8
734.3 703.8
705.9
669.2
785.3
769.8
711.8
692. 6
55.3
54.3
51.8
45.2
49.8
56.8
58.0
47.6
51.5
54.0
24.0
21.8
28.6
23.6
22.0
35.5
25.5
39.1
26.9
28.9
94.2
97.2
98.2
94.6
83.8
99.4
99.7
80.3
95.2
96.6
194.4
199.0
190.3 r 196. 5
199.5
' 178. 8 ••200.7 •• 197. 3 ' 193. 3 180. 8
558.4
622.6
417.1 465.2
475.6
502.7 ' 525. 4 426.0
' 405. 1 ••488.4
318.8
284.7
198.0
307.1 353.0
249.1
290.3
299.2
214. 9
257.6
1,162.9 ••1,074.2
Machinery total 9
Agricultural
Metalworking
Construction excav and mining
Electrical
do
do
do
do
do
7,445.8
628.3
337.9
969.1
1, 900. 1
8, 047. 8
614.7
338.8
1, 038. 0
2, 098. 2
717.7
40.3
31.7
91.5
188.1
675.3 679.0
49.8
53.0
26.9
30.9
82.2
77.3
182.2 ' 173. 4
Transport equipment total
Motor vehicles and parts
do
do
3, 709. 7
2,386.3
4, 523. 5
2, 733. 9
523.8
281.1
485.2
278.3
484.1
259.0
1, 844. 2
1, 985. 4
172.3 ••168.9
166.6
170.4
188.2
190.2
168.9
170. 2
190.5
181.8
183.5
192.9
174.1
1, 187. 2
958.8
95.2
••68.6
••65.6
••65.8
71.2
81.0
70.8
78.0
80.5
87.8
69.3
95.6
Commodities not classified
General imports total
Seasonally adjusted
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
Northern North America
Southern North America
South America
By leading countries:
Africa:
United Arab Republic (Egvpt)
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
4, 126. 2
230.3
547.9
248.1
218.0
1,223.3
587.5
do
26,812.3 2,431.4 ^2,728.2 2, 448. 1 ••2,558.0 %746.7 ••2,827.3 ^2,648.7 ^2,811.9 2, 739. 1 2, 869. 3 2, 924. 1 2, 795. 1 3, 017. 5
2,525.0 12,608.7 2, 601. 9 ••2,612.2 %632.3 •2,764.3 2, 839. 3 ••2,664.3 2, 827. 3 2, 963. 7 2, 657. 4 2, 818. 3 2, 946. 6
do
- do
25,542.2
do
do
do
do
978.8
5, 276. 4
593.5
7,857.2
905.4
5, 352. 2
581.3
8, 232. 2
80.5
438.0
59.8
779.3
101.6
504.6
44.4
889.7
96.2
422. 8
49.9
818.0
96.5
484.4
54.0
794.1
119.2
548.6
48.2
880.0
100.7
5Q4. 2
56.3
902.1
83.4
566.4
62.5
786.1
90.0
(536.6
61.2
883. 0
80.9
652.7
75.9
892.0
98.8
653.1
67.1
884.9
76.4
630.4
72.3
836.7
83.1
604.1
65.9
863.1
93.8
616.6
35.6
917.3
do
do
do
6, 131. 4
1,912.1
2,785.3
7, 105. 0
1,968.2
2, 663. 4
668.3
176.0
228.7
732.2
206.5
255.5
634.4
176.2
250.3
697.9
197.7
233.4
720.5
190.5
246.5
749.9
205.7
205.1
766.4
170.7
212.7
703.2
187. 9
249. 2
615.7
179.0
242.3
728.6
175.0
260.7
905.8
172.2
229.4
791.4
171.3
215.2
870.3
201.8
280.4
do
do
17.6
249.0
14.9
227.0
1.0
23.1
3.7
24.6
.7
17.3
1.6
26.9
2.0
31.5
2.4
23.2
1.9
20.2
3.8
17.9
4.6
17.8
3.3
16.0
2.7
17.6
2.7
17.6
3.4
22.2
do
do
do
do
do
do
do
398.6
327.0
67.8
176.7
179.0
397.6
2, 962. 6
411.5
297.6
54.8
195.6
181.8
380.5
2,998.7
46.5
25.0
6.7
18.7
17.1
42.7
221.3
31.2
28.4
5.0
21.0
12.6
26.3
297.6
38.7
23.1
4.3
19.0
11.8
25.6
230.4
37.2
24.7
4.3
18.0
12.7
27.6
293.0
31.0
26.9
5.0
16.9
13.1
39.4
320.1
40.6
22.7
4.2
15.7
16.2
55.5
339.7
44.8
27.3
5.8
18.0
14.4
49.0
315.0
42.2
24.2
6.4
17.4
18.6
43.0
366. 6
56.3
26.2
4.5
18.5
12.4
45.2
402.9
42.3
31.1
7.6
30.0
18.5
22.3
379.8
50.2
25.5
4.5
21.0
12.8
30.5
384.2
52.9
27.0
4.9
22.3
14.9
30.5
363.5
24.7
25.2
7.4
22.5
16.5
40.2
366.1
do
do
do
do
do._.
do
697.9
8.2
1, 795. 6
743.0
49.4
1, 786. 1
689.8
5.6
1, 955. 4
855.6
41.0
1, 709. 8
61.7
.3
186.8
83.4
2.9
170.0
71.9
.5
231.5
85.7
9.2
165.2
69.1
.4
217.3
81.4
4.7
149.5
65.7
.2
197.8
83.8
6.8
146.9
76.8
.3
223.9
91.6
4.7
177.0
72.2
.6
246.8
102.3
5.6
178.1
42.7
.3
218 5
87.4
4.3
163.9
81.6
.5
224. 8
92.7
4.3
183. 1
82.9
.6
242.8
102.8
3.3
188.7
69.6
.6
226.4
86.7
2.3
191.3
61.6
.6
230.3
94.2
7.4
176.9
65.6
.5
231.3
95.4
1.8
157.8
82.5
.7
229.1
98.8
3.5
177.4
do
6, 124. 9
7,099.3
668.0
732.1
634.1
697.4
720.4
749.9
766.0
702.2
615.3
727.8
905.5
791.3
869.9
367.1
18.3
72.3
22.2
22.0
67.8
76.3
333.0
13.9
52.9
12.8
19.6
65.5
81.8
326.0
14.9
53.0
11.7
23.2
73.5
70.0
401.6
38.5
54.5
14.3
25.8
79.3
89.2
Latin American Republics, total 9
do__- 3, 969. 9 3,853.2
Argentina
do
148.8
140.3
Brazil
do
599.7
559.0
Chile
do
175. 2
229.1
Colombia
do
240.4
244.8
Mexico
do
748.9
750.2
Venezuela
_
do
981.6
1, 002. 4
Revised.
9 Includes data not shown separately.
109.6
331.6
10.8
30.7
8.4
20.1
65.9
100.1
379.7
15.9
48.9
15.7
26.3
72.2
97.3
358.6
15.3
64.1
15.9
21.3
73.8
86.5
358.8
15.6
43.1
18.7
17.2
81. 2
95.8
376.9
15.9
62.7
33.8
19.5
83.8
71.0
331.0
17.0
45.8
12.9
18.2
87.6
66.3
312.5
14.5
43.5
13.2
19.4
63.1
68.2
368.7
17.2
65.5
12.6
21.0
73.8
86.3
351.9
9.7
63.3
19.3
30.6
71.8
60.8
Jan.
SURVEY OF CURRENT BUSINESS
February 1960
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual
1967
Dec.
S-23
1968
Jan.
Feb.
Mar.
Apr.
May
June
1969
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
General imports— Continued
By commodity groups and principal commodities:
430.8 415.2
4, 530. 5 4, 472. 1 410.8
Agricultural products, total _
mil. $
379.0 438.2 433 2
21,011.7 22, 343. 6 2, 020. 2 2, 304. 4 2, 032. 9 2, 179. 3 2, 317. 0 2 381 4
N on agricultural products, total
do
Food and live animals 9 _ _
_
do _ 3, 947. 5
122.2
Cocoa or cacao beans
do
1, 067. 3
Coffee
do
599.5
Meats and preparations
_.
do
501.2
Sugar
do
641.7
Beverages and tobacco
do
Crude materials, inedible, exc. fuels 9 - __do_ _ 3, 265. 5
1,019.8
Metal ores
do
449.3
Paper base stocks
do_
436.3
Textile
fibers
do
180.9
Rubber
do
4, 003. 1
147.2
962.7
645.0
588.4
698.1
2,964.3
973.9
419.3
305.6
174.5
357.0
14.4
63.9
58.2
64.3
81.7
254.0
86.0
33.7
28.5
16.6
366.5
21.0
100.1
57.2
25.2
74.2
254.7
70.1
35.3
32.9
16.8
356.9
13.9
110.5
52.9
35.2
64.2
225.3
53.7
35.7
31.6
14.0
333.4
4.3
78 4
51.4
48 4
61 8
257.2
63.2
36.0
30 1
13.3
do
do
do
do
2, 262. 0
2, 127. 1
146.2
955.3
2, 248. 0
2, 088. 1
122.1
957.9
212.8
199.8
11.4
81.9
237. 5
219.6
13.8
'89.1
204.1
187.6
14.7
'85.4
193.9
220.3
176.3
204.4
11.3
9.2
'95 7 ' 102. 5 '
do
do
do
do
do
6, 352. 6
1,305.0
889.5
1, 551. 8
908.5
6, 384. 2
1, 372. 8
863.7
1,562.3
811.9
570.3 '681.1
128.4
121.0
72.0
71.3
224.6
155.6
86.2
66.6
do
do
do
do
4, 822. 8
2, 612. 9
135.3
1,010.5
5, 793. 5
3, 028. 8
203.4
1, 139. 8
562.6
266.0
17.0
95.1
2,209.8 2, 762. 4
1 617.7 2, 259. 4
2 282.2 2, 576. 2
866.4 1, 064. 9
296.6
257.1
216.6
83.0
Mineral fuels, lubricants, etc
Petroleum and products _ _ _
Animal and vegetable oils and fats
Chemicals
Manufactured goods 9
Iron and steel
Newsprint
Nonferrous metals
Textiles
_
__
__
Machinery and transport equipment
Machinery, total 9
Metalworking
Electrical
Transport equipment
do
Automobiles and parts
do
Miscellaneous manufactured articles
do
Commodities not classified
do
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Quantity
1957-59—100
Value
do
Unit value
do
General imports:
Quantity
do
Value
do
Unit value
do
Shipping Weight and Value
Water borne trade:
Exports (incl. reexports):
Shipping weight
thous sh. tons
Value
mil $
General imports:
Shipping weight
thous. sh. tons
Value
mil $
386.2 437 5 434 5 455 0
385 7
422 3 439 5
2,262.6 2,374 5 2, 304. 6 2, 414. 3 2 538.4 2 372.8 2 577 9
396 1 353.8
403 3
13.0
16.6
10.5
73.6
87 2
111 7
66.2
52.7
67 2
67 2
58.6
62 6
47 6
54 4
55 1
296.3 ' 281. 4 ' 287. 0
88.2
102 2
88 1
40.4
39.3
36.8
25.7
31 0
28 1
11.9
14.2
17.9
403.1
8.8
110 0
68.7
70 7
80.8
288.9
90.3
36.8
24.1
16.3
408.9
7.5
103.1
83.1
55.8
80.1
302.0
99.4
34.2
28.5
23.4
368.2
6.6
74 5
69.5
60 4
67 2
292.1
85.9
40.4
22.2
14.0
396 8
6.3
95 7
72.5
43 7
61 8
264.3
75.6
37.4
25.2
16.5
396 6
12 2
87 4
49 3
56 9
77 5
287.7
75 9
43.1
25 9
19 9
202.8
188.2
15.4
'81.6
228.5
214.9
17.4
'94.7
187.1
174.4
8.5
101.3
220.7
205.8
14.8
95.2
226. 6
212.0
12.7
88.6
195.0
179.1
10.3
94.0
234 0
220.7
16.6
102 7
610.0 ' 686. 5 ' 760. 1 ' 713. 9 '647.0 '654.1
123.8
168.1
176.8
193.2
172.4
145.6
61.1
79.0
72.9
77.5
70.9
72.0
198.7
244.5
147.0
162.3
123.4
220 1
70.2
74.1
85.7
81.6
82.0
74.5
708.7
235.3
67.2
126.3
83.5
666.5
189.2
60.5
134.2
90.1
648.5
170.1
75.7
120.9
81.9
629.3
177.7
69.0
110.7
77.4
662.4
165.9
84.8
121.0
75.8
671.4
305.3
17.8
101.7
586.2 ' 577. 2 '609.6 '699.4 ' 664. 9
263.1
305.6 301.7
283.6
267.2
16.1
22.0
20.0
16.2
15.4
90.0
111.3
118.9
113.8
99.9
630.6
308.7
14.7
133.2
547.6
309.4
18.3
136.1
663.3
322.9
17.6
140.9
788.4
351.8
17.0
160.4
744.3
325.0
11.3
145.5
808.2
356.7
17.4
151.4
366.1
322.3
247.3
'92.5
323.1
273.9
213.5
'87.7
310.2
256 5
236.9
'79.7
312. 2
381.4
384.4
327.1
255.6
338.9
246.6 ' 262. 7 ' 261. 1
93.0
' 107. 1 ' 103. 5
321.9
276.8
332.5
109.4
238.2
191.1
315.5
97.7
340.3
302.6
312.2
105.7
436.6
370 9
325.3
106.4
419.4
384.4
291.7
107.4
451.4
397.9
301.6
130.2
393.8
15.4
107.6
55.8
55.6
61.5
260.3
65.8
39.5
33.1
13.6
178 0
162.1
13.4
103. P
154
168
109
159
177
111
165
184
112
165
182
111
173
196
113
170
192
113
179
203
113
178
182
102
185
191
103
200
205
103
213
220
103
224
234
104
231
240
104
237
249
105
185, 978
18 570
187, 426
18 636
15,602
1,606
14,280
1,520
14, 114
1,547
14, 668
1,464
16, 370
1,747
16, 602
1,684
15, 223
1,520
15,864
1,550
16, 922
1,703
17, 531
1,790
15, 454
1,405
17,764
1,762
18, 116
1,666
266, 074
17, 319
256, 814
17 434
23, 312
1,539
22, 856
1,740
19, 597
1,571
22, 416
1,605
19, 965
1,756
23, 980
1,823
24,363
1,686
24,946
1,845
23, 932
1,918
26, 304
1,915
26,042
1,726
21, 554
1,719
25, 373
1,817
24 4
574
24 4
541
24 6
528
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. total):
Operating revenues total 9
Transport total 9
Passenger
Property
U S mail (excl subsidy)
Operating expenses (incl depreciation)
Net income (after taxes)
Operating results:
Miles flown (revenue)
mil $
do
do
do
do
do
do
3 707
3 672
3*261
242
91
3 250
240
4 470
4 431
3 936
277
104
4 057
234
1 130
1 121
989
73
33
1 076
23
mil
Mail ton-miles
flown
Passengers originated (revenue)
Passenger-miles flown (revenue)
Express Operations (qtrly.)
Transportation revenues
_
Express privilege payments
do
do
bil
1 010 9
1 081 7
282 4
81 1
57 1
1 274 5
1 285 9
393 4
99 3
71 3
117 5
114 3
55.4
86
6.4
mil. $
do
430 8
111 7
423 i
103 6
108 8
i 26 9
Local Transit Lines
Fares average cash rate
Passengers carried (revenue)
cents
mil
6 671
6 616
90 i
546
91 Q
118.6
104 0
41.0
84
6.2
112.0
102 6
41.3
7.9
5.7
120 4
122 0
43.6
93
67
124.3
136 0
44.5
8.8
6.3
124.7
126 1
41.8
10.2
7.8
90 9
90 9
90 A
90 A
561
540
568
568
23 4
584
1, 359
3 1, 205
3*82
330
3 1, 232
130.6
124 7
40.8
9.9
7.6
133.7
136 3
43.7
11.1
8.6
127.5
134 8
41.1
8.9
6.6
93 8
21 4
93 4
20 2
95 8
22 2
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. total) :
Number of reporting carriers
2 1 203 2 i 203
1 203
Operating revenues, total
mil $
8 117
2 169
7 963
Expenses, total
_
"
do
7 566
7 813 2 078
Freight carried (revenue)
mil. tons
477
473
122
r
Revised.
* Preliminary.
i For the 3d quarter 1967, payments of $1.4 mil. were
deferred until the 4th quarter 1967.
2 Number of carriers filing complete reports for the year.
120 5
119 6
45 3
90
64
3
1 287
1 275
1,139
80
31
1 163
61
1 164
1 153
1 028
71
31
1 116
14
90 7
90 Q
519
514
23 9
509
24 3
532
1 259
2 188
2 102
122
3
As compiled
by the Air Transport Association of America from carrier reports to the
4
CAB.
Excludes excess baggage revenues.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-24
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
Annual
1967
Dec.
February 1968
1968
Jan.
Feb.
Mar.
Apr.
May
June
1969
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=100
Carriers of passengers, class I (qtrly.) :
Number of reporting carriers
Operating revenues total
mil. $
Expenses, total
do
Passengers carried (revenue)
mil
168.1
174.3
161 2
160 2
154.4
156.0
152.8
160.1
1
161
643.0
547.6
225 3
i i6i
663 9
586.0
223 6
159.7
145.6
54.6
141.1
139.5
50 8
10, 661
9,286
10 366
9 130
2,673
2,375
2 757
2,482
2,707
2,419
116
2 610
2,349
485
112
122
8 203
1 485
2,069
2 079
2,173
—17
383
148
110
2 131
418
207
174
394
140
108
184 8
181 8
1 292
3 105
194.3
191.5
1.296
3,311
187.0
183.6
1.317
3,696
259.5 2 3 7 4 . 9
11.90
11.85
63
122
12.31
63
116
533
627
327
260
191
809
528
357
311
132
485
367
352
264
«93
9,273
9,240
163.3
165.8
162.1
172.6
163.4
165.4
165.1
171.7
164.3
166.4
165.3
169.5
165.3
165
161
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
Operating results:
Ton -miles of freight (net), revenue and nonrevenue (qtrly )
oil
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 1051 — 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 expenses (excluding taxes)
do
Net operating income (after taxes)
do
Phones in service, end of period
mil
Telegraph carriers:
Domestic:
Operating revenues
mil. $
Operating expenses
do
Net operating revenues (before income taxes)
mil. $
International:
Operating revenues
do
Operating expenses
do
Net operating revenues (before income taxes)
mil. $
544
8,122
1 490
1,048
5
677
4
105
378
226
906
4 325
750.5
738 3
1 257
17 095
731 6
s 719 4
1 269
15 201
185.7
182.6
1.301
3,566
10.03
10 59
9.91
61
116
48
119
3,881
3,759
2,413
2,040
1,548
38, 490
4,387
4,334
2,773
2,358
1,686
39, 538
278
298
196
204
75
922
1 969
33 80
1,434
24.57
244
279
5 02
4 64
4.08
4.62
12, 905
6,699
4,761
7,713
2,317
86.0
13,847
7,090
5,170
8,319
2,488
90.2
3,568
1,822
1,332
2,153
3 634
1 851
1 358
2 156
3,700
1,872
1,390
2,191
3,796
1,895
90.2
91 6
92.2
93.6
319.3
275.5
335.0
291.9
84.6
72 6
86.3
74.8
90.7
77.3
89.3
79.7
62
115
10.73
56
103
320
322
206
154
128
832
10.83
61
116
306
334
169
138
143
1,082
288
11.64
11.14
64
129
63
117
63
134
63
125
350
359
204
168
176
371
374
230
185
213
383
391
244
206
235
439
559
269
238
214
2,112
2,881
1,366
272
642
11.94
10.48
6,388
10. 63
58
117
2
53.1
12.03
57
110
314
294
218
200
67
371
310
272
250
83
2,725
52.3
1,412
75
904
104
U47
2,275
584
662
4,176
72
118
2
643
24.9
24.2
83
6.0
7.5
5.4
121.4
90.4
132.3
101.4
34.8
27.2
35.8
27.1
37.0
27.6
39.0
29.1
27.1
26.2
6.0
7.2
7.9
8.2
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% Clj)
do
Hydrochloric acid (100% HC1)
do
Nitric acid (100% HNOs)
do
Oxygen (high purity)
mil cu ft
Phosphoric acid (100% 1*265)
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% H2SOO
do
16, 598 r 14, 269 ' 1, 248 1,278
10,622.4 11,869.6
990.6
955.8
1, 081. 9 '1,085. 3 '76.7
81.1
7,205.2 7, 658. 0
661.9
695.5
1, 519. 4 s 1,597. 7
126.7
146.9
5, 514. 4 6, 121. 8
521.5
499.3
212, 751 '243,401 '23,318 20, 895
4, 548. 6 4, 764. 3
455.1
412.5
5, 089. 7 4, 827. 9
141.5
131.3
7, 616. 5 7, 891. 4
623.3
605.3
1, 445. 1 51,386.6
28,384.9 28,815.2
1,292
1,241
1,276
973.3 1,062.4 1, 082. 6
75.5
69.6
73.1
700.1
688.2
649.8
150.3
132.0
137.8
593.0
538.9
595.3
21, 114 22, 099 21,930
458.6
432.6
435.9
1,271
1,163.7
89.5
708.4
144.8
517.8
21,661
453.8
1,156
1,028.5
88.0
692.4
141.7
470.4
21,265
381.9
1,219
1,031.3
107.2
701.8
138.7
434.9
21,077
326.2
1,224
932.1
105.5
702.6
149.0
463.3
18,960
388.2
1,174
949.0
92.5
701.2
149.9
486.6
18,297
406.9
' 1, 275
' 951. 2
'88.8
' 735. 4
' 157. 9
' 496. 1
'19,345
' 415. 7
390.2
349.8
12.6
12.7
727.7
723.9
55.2
59.1
130.5
134.6
2,459.7 2, 447. 7
399.5
12.2
755.4
57.1
145.2
2,541.2
383.7
12.4
727.1
46.0
121.2
2,278.1
380. 0
397.6
12.1
11.3
729.1
725.0
42.8
47.4
115.0
121.4
2,161.8 2,282.2
383.2
11.7
736.4
47.8
121.7
2,294.6
' 402. 1
363.7
12.0
12.4
768.2
777.2
'62.2
63.8
129.0
120.7
'2,365. 0 2, 357. 4
342.1
433.5
364.0
10.5
11.6
11.6
672.1
666.3
708.8
51.4
38.1
49.0
114.4
110.7
115.8
2,615.8 2,284.3 2,380.8
' Revised.
v Preliminary.
i Number of carriers filing complete
reports for the year.
2
3
Preliminary estimate by Association of American Railroads.
Data cover 5 weeks;
other months, 4 weeks.
« Reflects adjustment of -230 mil. dol. for extraordinary items.
1,212
947.4
85.6
724.1
156.5
489.5
20, 195
395.7
«Annual total reflects revisions not distributed to the monthly data.
1968, passports are issued for 5 years; no renewals are made.
« Effective Aug. 26,
SUEVEY OF CURRENT BUSINESS
February 1969
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
«1968
1967
1967
Dec.
Annual
S-25
Jan.
Feb.
Mar.
Apr.
May
June
1969
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Organic chemicals, production:^
Acetic anhydride
Acetylsalicylic acid (aspirin)
Creosote oil
mil. Ib
do
mil. gal
mil. Ib
do
do
DDT
Ethyl acetate (85%)
Formaldehyde (37% HCHO)
Glycerin, refined, all grades:
Production
Stocks end of period
Methanol synthetic and natural
Phthalic anhydride
do
do
mil gal
mil Ib
i 1,596.8 1 1, 556. 4
34.1
30.5
1
114.7 1 116. 5
1
141.5
i 121.6
3,712.6
365.6
26.0
492. 3
*675 2
1
102.8
138.9
3, 686. 2
1
353.8
32.6
520. 2
715.3
144.0
2.1
133.3
2.6
7.2
136.5
2.6
9.5
140.1
2.9
9.9
123.7
2.7
9.6
103.0
2.2
8.3
107.6
2.4
10.7
141.2
2.3
9.0
142.3
2.1
8.0
142.5
2.6
9.3
137.1
3.1
10.5
139.0
3.0
8.8
10.1
12.7
335.1
11.7
13.5
313.8
11.5
10.5
337.6
12.6
13.5
340.4
10.8
9.5
343.6
11.7
13.6
350.5
12.3
12.8
356.3
12.2
13.0
337.3
12.3
13.3
340.6
10.7
14.5
332.4
18.8
364.6
II. 8
330.8
30.8
32 6
48.3
66 2
30.8
36.0
45.4
51.0
29.4
36.7
46.5
58.2
34.1
42.1
46.8
59.7
28.8
37.5
49.9
60.8
27.3
32.1
47.5
66.6
26.3
29.3
46.5
65.5
27.5
29 2
48.6
57 1
30.2
28.7
46.1
63.9
28.7
28.4
47.5
59.1
27.0
28.1
50.5
66 2
r 26 8
r 26 8
2
4
6
2
56.8
220.0
44.0
6.4
52.2
223.3
43.8
5.0
55.2
223.9
41.8
5.8
57 6
220.7
48 2
75
58.2
216.6
48.8
6.9
54.6
215.7
44.7
6.4
7
4
1
5
56.5
207.5
49.8
6.6
60.0
201.4
47.0
7.7
70.8
199.5
51 7
9.1
60 3
187 8
47 1
75
30.1
26.6
49 4
62 5
ALCOHOL
Ethyl alcohol and spirits:
Production
Stocks, end of period
Used for denaturation
Taxable withdrawals
Denatured alcohol:
Production
Consumption (withdrawals)
Stocks end of period
mil tax gal
do
do
do
659.6
204.0
570.0
74.7
685 0
218.4
556 1
79.0
mil wine gal
do
do
307.3
310 0
3.5
300.1
298 6
4 9
22 9
22 4
4 9
23.7
22 9
5.7
23.5
23 8
5.3
22.7
24 1
3.9
25 9
25 8
4 0
26.3
27.2
3.1
24.0
23 8
3.4
25 3
25 8
29
26.7
26 2
33
25.2
25.7
2.7
27.6
27 0
34
25 3
26 0
26
thous sh tons
do
do
do
14,219
2,303
10, 018
1,000
15 294
1, 629
11, 025
1,119
1 428
159
947
106
1 419
175
935
91
1 324
121
948
127
1 417
162
1,077
79
1,584
229
1,132
115
1 610
174
1,207
110
1,466
147
1,091
89
1 617
215
1,195
75
1 533
180
1 143
99
1 658
242
1,134
153
1 902
347
1,332
160
1 544
317
1 100
77
1 883
296
1,291
129
154
160
2,382
321
177
168
2,711
218
11
9
188
11
18
20
467
16
18
17
378
8
28
31
473
30
46
11
498
16
21
3
223
19
11
1
205
30
11
1
152
25
15
6
111
25
13
5
260
14
6
275
12
13
254
2
20
15
261
32
3,991
4,034
259
336
411
607
598
354
281
117
213
329
372
4,450
624
4,695
726
398
726
356
697
375
704
405
615
378
500
379
497
310
529
257
567
308
578
351
524
358
525
Explosives (industrial), shipments, quarterly:
Black blasting powder __
_mil. Ib
High explosives.
do
.5
1, 753. 1
.4
1, 708. 5
.1
403 9
Paints, varnish, and lacquer, factory shipments:
Total shipments
mil $
Trade products _
_ __
do
Industrial
finishes
_
do
2, 364. 4
1, 312. 4
1, 052. 0
2,348 2
1, 329. 5
1, 018. 7
150 4
76 5
73 9
177 6
89 7
87.9
186 2
100 9
85.3
206 4
114 7
91 6
229 2
135 8
93 3
241 7
141.4
100.3
239 0
139 8
99.2
231 6
140 5
91 1
238 6
141 9
96.6
229.5
127.6
101.9
Sulfur, native (Frasch) and recovered:
Production
thous. Ig. tons
Stocks (producers'), end of period
do
» 8, 243
2,704
8,284
1,954
702
1,954
681
1,996
646
2,011
699
2,046
690
2,027
715
2,028
763
2,142
777
2,293
771
2,466
14.2
14.3
14 2
13 3
15.7
57
218
41
6
59
217
47
6
FERTILIZERS
Exports total 9
Nitrogenous materials
Phosphate materials
Potash materials
Imports:
Ammonium nitrate
Ammonium sulfate
Potassium chloride
Sodium nitrate
do
do
do
do
Potash deliveries (K2O)
do
Superphosphate and other phosphatic fertilizers
(100%P205):
Production _
_
thous. sh. tons
Stocks, end of period
do
1
(2)
(2)
332
520
MISCELLANEOUS PRODUCTS
.1
417.5
.2
330 9
.1
428.8
.1
404.6
r
234
r
7
l!9 5
'115 2
196 9
92 7
104 2
744
2,619
757
2,691
760
2 779
16.3
16 6
'*
PLASTICS AND RESIN MATERIALS
Production:
Cellulose plastic materials _ _
_
Thermosetting resins:
Alkyd resins . _ _ _
Coumarone-indene and petroleum
resins.
Polyester resins
Phenolic and other tar acid resins
Urea and melamine resins
mil. Ib
* 186. 7
1
171.9
14 9
12.3
15 4
15 3
do
polymer
mil Ib
do
do
do
1
1
585. 9
44 o
48 4
49 8
53 9
54 0
55 3
51 1
52 6
54 5
51.4
58 5
J
334
1
1
27
44
76
52
4
9
0
8
24 8
39 e
82 3
51.9
29 7
45 6
83 1
55.2
28 1
49 1
87 6
60.3
31 0
54 3
83.7
58.3
30 9
51 9
92.3
59.6
21 7
50 6
86 2
55.2
28
46
72
54
6
2
0
1
24 2
47 7
85 2
65.5
25 0
48 9
91.4
68.2
30 0
51 2
103 6
73 1
208 7
233 2
360 3
193.4
219.9
344.4
189.8
218.3
343.7
220.2
235.9
334.1
224.2
237.1
351.6
235.6
250.3
370.0
229 3
246.7
363.5
212 3
231.7
362.4
228.1
245.3
381.4
235.7
254.8
383.7
247 2
261.5
399 7
Thermoplastic resins:
Styrene-type materials (polystyrene) mil. Ib
Vinyl resins (resin content basis)
do
Polyethylene
_
do
666. 1
5
470 0
1
1,046. 7
i 718. 3
289 9
489 7
1
953. 7
i 645. 4
1 2, 365. 4
12,384.5
1
2, 680.0 12,599.4
13,558.0 3, 761. 9
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total
mil. kw.-hr__ 1,249,444 1,314,299 115,905 121, 305 112, 970 114,845 109, 234 114, 607 119,340 127, 472 131,905 115,832 119, 354 118, 071
Electric utilities, total
By fuels
By waterpower
_
do
do
do
Privately and municipally owned util
Other producers (publicly owned). _.
do
do
933, 464
210,886
985, 580
226, 169
87, 361
19,979
91, 866
20, 699
84,976
19, 555
85,345
20,542
80, 976
19,364
85, 251
20,271
90,318
20,326
do
do
do
105, 094
101, 912
3,182
102, 549
99,203
3,346
8,565
8,251
314
8,740
8,421
319
8,439
8,155
284
8,957
8,651
306
8,895
8,578
317
9,084
8,758
327
8,695
8,378
317
Industrial establishments, total
By fuels
By waterpower
r
Revised.
1
Revised annual
2
1,144,350 1,211,749 107, 340 112, 565 104, 531 105, 887 100, 340 105, 522 110, 645 118, 870 123,001 107, 154 110,288 109, 165
949, 594 991, 706 86, 503 92, 325 86, 615 87,024 81, 341 85, 998 91, 708 99,841 104, 856 91,428 93,636 91, 254
194, 756 220, 043 20, 837 20, 240 17, 915 18,864 18, 999 19, 524 18,936 19, 029 18, 146 15, 726 16, 652 17, 913
total; revisions are not distributed to the monthly data.
Less than 500 short tons.
97,308 101, 215
21, 562 21, 786
87,884
19,270
91, 092
19, 196
89, 477
19, 688
8,904
8,657
246
8,677
8,457
220
9,066
8,818
248
8,906
8,644
262
8,603
8,338
265
cf Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-26
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1
1967
1967
Dec.
Annual
February 1960
1968
Jan.
Feb.
Mar.
Apr.
May
June
1969
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
ELECTRIC POWER AND GAS—Continued
ELECTRIC POWER— Continued
Sales to ultimate customers, total (EEI) mil.kw.-hr 1,038,982 1,107,023 95,386 100,952
Commercial and industrial:
225, 878 242, 492 20,047 20,851
Small light and power §
do
465, 077 486, 043 41, 216 41,851
Large light and power§
do
98, 707
98,285
94, 620
94,367
20,526
41,380
20,501
42,024
20,029
42,488
20,621 22,064
43,488 43,354
24,174
43,, 055
25,433 24,832
44, 195 44,166
22,762
44,678
458
33, 924
960
2,626
283
432
32,603
901
2,593
273
404
31,603
874
2,599
280
358
28,118
815
2,527
284
351
26,239
775
2,586
307
342
30,, 995
746
2,, 693
324
338
33, 570
796
2,769
315
351
32, 967
842
2,772
331
361
28,687
903
2,787
337
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental
4,514
__do_ _.
306, 572
do
9,240
do_
25,922
do
1,779
do
4,572
331, 525
9,863
29, 426
3,102
434
29, 782
962
2,668
277
97, 169 102, 330 107, 416 106,260 100, 515
336
27, 676
750
2,685
304
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil $ 16 196 1 17, 222. 7 1, 473. 0 1, 545. 5 1, 519. 0 1, 503. 1 1, 454. 6 1, 450. 8 1, 514. 6 1,601.6 1, 670. 7 1,656.3 1, 659. 8
GAS
Manufactured and mixed gas:
Customers end of period total?
Residential
Industrial and commercial
thous
do
do
670
628
41
666
624
41
666
624
41
669
626
43
650
608
40
574
539
35
mil therms
do
1 386
807
562
1 437
829
589
404
227
171
613
389
224
323
174
144
163
63
98
do
127 9
83 5
43 i
131 4
84 5
45 3
36 4
23.0
12 9
53.9
36.5
17.5
29.3
18.1
10.8
14.8
7.7
7.0
Natural gas:
Customers end of period total 9
Residential
thous
do
38 183
35' 057
3 082
39 034
35 836
3 152
39 034
35,836
3 152
39,053
35,842
32, 115
38,835
35, 692
3,097
38,962
35,834
3,082
Residential
Industrial and commercial
do
do
127 183
40 933
80* 592
133 424
42' 811
85* 321
34 460
11 120
22,027
47,703
20,674
27,030
33,077
8,960
22,594
26,950
3,821
21, 519
8, 124. 4 2,100.9
4 294.9 1,103.1
946 4
3 637 9
3, 169. 0
1,883.4
1, 285. 6
1,911.7
940.4
920.0
1,339.9
502.2
787.5
Sales to consumers total 9
Residential
Residential
Revenue from sales to consumers, total 9 —mil. $_. 7, 736. 8
4 108 2
Residential
do
3 425 4
n us na an commercia
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 gal
Whisky:
Production
mil tax gal
Taxable withdrawals
do
Stocks end of period
do
Imports
mil. proof gal
Rectified spirits and wines, production, total
mil proof gal
Whisky
do
Wines and distilling materials:
Effervescent wines:
Production
mil wine gal
Stocks end of period
Imports
Still wines:
Production
Taxable withdrawals
Stocks end of period
Imports
do
do
do
do
14.72
19.36 '24.32
22.26
27.47
12.53
938.82
6.17
27.35 30.94
15.75
14.29
940.45 '944.52
9.23
6.80
12.95
950. 02
7.90
8.14
13.28
9.45
893. 39
5.92
17.66
11.07
895. 98
8.13
16.41
8.76
899.65
7.00
7.29
8.66
4.99
10.43
6.37
12.85
8.26
10.40
6.73
60
55
5.86
.13
1.06
.77
6.08
.24
.95
1 06
5.85
.18
1.07
1.28
5.54
.26
1.16
1.26
5.38
.27
.22
2.40
14.39
187. 59
1.41
2.21
11.22
175.28
1.55
8.88
14.76
166.67
2.24
72.54 93.68 20.75
14.76 ' 18. 01 16.44
221.09 290.02 286.82
1.54
1.78
2.22
1.68
21.21
25.14
19.32
18.24
26.62
13.95
920. 51
6.20
29.37
12.59
929.85
6.00
26.48
12.13
934.29
5.16
25.96
10.53
939. 76
4.92
14.36
7.24
868 98
4.60
16.28
8.62
873. 77
5.35
20.51
7.88
883. 23
5.34
14.15
6.97
888.11
4.50
13. 85
6.28
893. 66
4.31
9.60
7.63
892.77
5.37
6.90
4.16
7 60
4.31
10.30
6.30
9.37
5.77
8.91
5.33
8.30
4.92
98
60
4.62
.15
1 07
56
5.07
.13
1 12
78
5.35
.14
1.17
63
5.82
.15
.88
78
5.85
.20
.87
74
5.90
.17
3.88
15 11
258.34
1.37
2 83
14 51
243 08
1.27
2.92
18 42
227 77
1.30
2.94
13.48
214. 48
1.68
3.01
14.05
203.34
1.93
18 33
16.49
37 98
11 05
904.58
7.42
23 22
10.97
909.39
4.76
24 62
10.07
912. 89
5.00
153 78
97.02
856 66
59.70
12 76
7 21
856 66
6". 58
13.08
7.19
860 36
4.22
13.57
6.88
864.53
4.48
101 08 r rlog 26
67 31
67.14
8 63
5.17
8 31
4.70
10 18
8 74
4.30
1.92
1 04
1 12
4.30
.23
7 93
218.38 ' 217. 45
14 45
174 84
165 80
265 11
272 03 272 03
16.34 1 17. 46
1.88
8 75
7 4Q
3.75
1.64
do
do
8.46
8.26
11.92
17 63
19 94
324 81
148 20
904 58
68.17
128 51
94 58
835 46
52.20
10.10
9.28
12.48
28.22
10.52
917. 15
5.17
'211 76
191 14
308 92
144 73
880.56
60.30
8.57
7.48
11.94
11.37
10.30
13.31
11.37
10.76
12.64
11.48
10.19
13.17
9.05
7.58
11.52
116 55
106.97
10.77
10.10
8.95
12.36
10.84
9.45
12.88
8.47
8.33
10.77
113 04
104 26
10.57
12.30
11.58
13.02
9.86
9.11
12.54
391 14
361 34
19 98
10 50
3 18
3 84
3 99
3 52
3 22
4 66
35 96
125 32
126 37
28 99
1 112 0
32.3
672
1 222 6
168.6
93 0
168.6
F&Pi
107.8
163.5
673
100 7
173.0
673
108. 6
176.4
672
113.9
180.1
673
124.4
199.3
673
116.5
225.0
672
100.1
241.7
674
81.5
224.6
677
70.2
196.5
691
77.7
161.9
686
77.8
137.4
680
92.4
' 117. 4
690
r\ 354 2 r\ 913 o r 150 7
l 220 3 r l 276 4 r 91 7
149 0
94 8
144 2
94 3
163 0
105 8
179.9
120.9
199.6
139.6
197.1
140.1
175.7
123.1
161.3
109.6
146.6
94.4
147.1
90.4
137.0
81.1
146.2
87.3
395.6 ' 381.0
334.5 ' 318. 7
11.6
17.1
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
$ Der Ib
mil Ib
do
Stocks, cold storage, end of period
do
American, whole milk
_ do
Imports
do
Price, wholesale, American, single daisies (Chicago)
_$ ner lb._
R7K
r
372.7
322.2
135.5
390.3
344.0
* 151 8
390.3
344.0
13.9
372.9
326.3
9.3
361.0
312.3
8.7
352.5
304.6
9.1
363.4
315.0
9.5
393.7
341.6
14.8
420.8
370.1
12.9
444.5
389.2
20.9
451.3
390.5
23.5
448.5
377.2
20.2
415.5
346.4
10.7
.527
.521
.529
.530
.528
.522
.550
.553
.549
.549
.550
.551
.562
• Revised.
»Annual total reflects revisions not distributed to the monthly data.
§ Data are not wholly comparable on a year to year basis because of changes from one classi-
fication to another.
9 Includes data not shown separately.
.565
.570
104.2
360.2
294.5
February 1969
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual
1969
1968
1967
Dec.
S-27
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS— Continued
Condensed and evaporated milk:
Production, case goods:
128.6
64 4
Condensed (sweetened)
mil. Ib
1 709 2 1,493 2
Evaporated (unsweetened)
_ do
Stocks, manufacturers', case goods, end of period:
11.6
5.8
Condensed (sweetened)
mil Ib
192.9
190.2
Evaporated (unsweetened)
do
Exports:
28.6
92.9
Condensed (sweetened)
do
38.4
33.8
Evaporated (unsweetened)
_
__do_
Price, manufacturers' average selling:
6.73
7.05
Evaporated (unsweetened)
$ per case
Fluid milk:
Production on farms
mil. Ib 119,892 119,294
56, 398 58,587
Utilization in mfd. dairy products
do
Price, wholesale, U.S. average
$ per 1001b._
4.82
5.01
Dry milk:
Production:
94.4
Dry whole milk
__mil. Ib
74.3
Nonfat dry milk (human food)
do
1, 579. 7 1,674.8
Stocks, manufacturers', end of period:
6.1
Dry whole milk
do
6.9
118.2
98.7
Nonfat dry milk (human food) .
_ _ do
Exports:
16.4
Dry whole milk
do
12.8
140.9
Nonfat dry milk (human food)
do_
170.3
Price, manufacturers' average selling, nonfat dry
.182
.199
milk (human food)
$ per lb_.
7 7
91 0
3.3
86 2
7.4
85 6
87
96 4
80
125 4
6 7
146 7
93
138 4
86
138 0
81
134 5
6.9
107.5
83
101 5
69
91 0
50
109 5
5.8
190.2
5.4
142.2
8.2
104.0
82
78.1
64
58.6
2 6
106 2
4 7
149 1
40
178 9
30
192 8
5.7
189.0
30
160.6
2 6
124.4
21
99.1
6.0
2.6
9
3.3
1.5
2.3
27
25
4.7
3.9
13
2.5
24
1.7
65
3.2
60
1.7
2.7
2.8
6.1
3.1
1.5
2.7
6.0
3.1
7.06
7.06
7.06
7.07
7.22
7 29
7.33
7 35
7 36
7.36
7.36
7.36
7.36
9,299
4,126
5.29
9 608
4 628
5.27
9,249
4 574
5.20
10, 269
5 103
5.08
10,460
5 576
5.03
11,283
6 147
4.99
10,937
6 038
4.90
10,208
5,567
5.06
9,567
4,929
5.24
9,058
4,129
5.46
9,159
4,119
5.62
8 793
3,818
5.68
9,220
4,197
'5.60
6.0
118.9
6.5
128.0
5.7
128.8
6.4
145.5
7.1
169.8
9.6
189.2
10.0
188.2
5.2
152.1
4.6
120.3
4.9
91.0
6.1
91.0
5.1
90.9
5.1
115.6
6.1
98.7
6.6
84.6
6.6
79.3
6.3
76.8
7.6
89.6
91
118.0
11.5
145.9
11 1
139.9
10 1
128.4
8.4
107.4
9.1
90.1
7.9
76.0
7.6
78.9
1.1
2.5
1l
41
.7
6.2
1.5
6.7
1.1
4.3
1.3
26.4
.7
12.3
1.7
10.2
1.4
20.8
1.1
22.8
6.6
8.1
1.1
13.7
.4
15.3
••.199
.198
.198
.199
.227
.231
.231
.231
.232
.234
.235
.233
.234
121.2
116.6
122.8
••123.0
109.6
86.2
92.2
99.1
114.4
86.2
84.8
108.3
9 407
5.51
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats rye, wheat) .. .mil. bu__ 1, 590. 3
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
Off farmsdo
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
Off farms.
_
do
Exports, including oatmeal- .
do
Price, wholesale, No. 2, white (Chicago)
$ per bu._
Rice:
Production (crop estimate)
mil. bags9
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. Ib
Exports
do
Price, wholesale, Nato, No. 2 (N.O.)
$ per Ib
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
..
mil. bu
do
do
do
1,245.4
i 393. 2
294.4
179.1
115.2
63.6
1372.9
301.6
182.9
118.7
40.2
301.6
182.9
118.7
.3
11
1.35
1.33
1.30
1.29
1.20
1.20
U,117
203.6
14,760
207.2
15.9
3,677
2,899
779
616.6
4,217
3,353
864
515.3
4,217
3 353
864
61.7
1.34
1.31
1.27
1.25
1.11
1.09
1801
662
557
105
1789
648
543
104
648
543
104
30.2
9.4
.1
<.77
«.75
185.0
189.4
1,536
920
1,913
1,403
59
62
3
136. 8
3
70. 6
3
4.8
216 9
127.7
89 3
2.9
.8
8
66. 1
5
1.1
1.23
1.24
1.24
1.25
1.23
1.23
1.24
1.23
1.24
1.25
1.19
1.18
1.06
1.07
18.2
17.9
18.3
18.3
51.8
48.1
3 169
2 362
807
54.9
41.9
1.10
1.09
1.12
1.10
1.14
1.14
1.13
1.11
1.8
.7
'2.5
.5
1.04
1.05
1.19
1.20
1.19
1.18
1.17
1 15
1.14
1.14
42.1
46.7
1.17
1.14
1.13
1.15
1.10
1.10
.5
.7
.80
r
60.7
40.8
54.1
59 9
1.06
1.06
1.06
1.03
1.06
1.08
1.13
1 14
1.14
1.13
17
1.4
10
5
.2
1.6
2.0
.7
.83
.79
.81
.82
.74
.67
.60
.63
.58
187
135
194
224
213
167
206
188
122
119
83
63
91
80
54
28
170
76
371
69
115
58
215
170
4
10
.71
2
317
254
254
260
185
179
142
106
88
69
79
110
286
'315
312
6,675
4,544
384
408
338
451
511
485
235
424
141
434
62
410
88
299
126
248
1,182
305
1,732
372
1,584
481
749
519
339
347
1,758
2,978
.083
1,875
4.066
.085
1,875
343
.085
1,671
559
.085
1,545
295
.088
1 236
481
.090
988
469
.090
644
406
.090
417
300
.090
272
235
.090
784
169
.087
1,547
342
.081
2 122
'209
2 119
'336
2 013
361
»27.8
28.4
1.20
124.2
27.7
1.19
27.7
1.13
1.17
1.18
23.2
1.17
1.13
1.14
18.0
1.12
1.10
1.09
31.9
1.12
1.17
1.17
11,522
i 1, 312
1316
1249
1
1,062 ' 1 1, 207
1,365
1,600
223.2
1.20
2
2
347
373
299
446
1.20
1,2 570
342
1,229
3
1,690
837
537
33 228
744
360
946
477
309
4
and wheat; Oct. for corn).
Average for 11 months.
§ Excludes pearl barley.
of 100 Ibs.
.74
105 3
5,880
3,962
3
1.18
1.16
2 930
930
776
154
66
1.18
1.19
4, 375
1,3 146
765
3
380
50.2
3
270
3
204
3
442
358
84
r
3
2,151
1 621
531
42 7
418. 2
445.8
295.6
150.2
.4
2
Stocks (domestic), end of period, total
do..
1,049
1,209
1,209
On farms
do
409
505
505
Off farms
do
704
704
641
3
' Revised.
1 Crop estimate for the year.
2 December 1 estimate of 1968 crop.
Old
crop only; new crop not reported until beginning of new crop year (July for barley, oats, rye,
127.2
2
9 Bags
February i960
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1967
Dec.
Annual
1968
Jan.
Feb.
Mar.
Apr.
May
June
1969
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
mil. bu..
do
875.7
820.8
675.6
637.1
59.1
55.2
63.1
58.7
69.1
65.4
63.4
59.1
64.8
58.0
42.2
39.1
48.3
45.6
51.1
48.0
50.2
46.5
30.4
25.2
42.6
37.9
50.7
44.0
66.3
60.3
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
1.97
1.81
1.88
1.92
1.68
1.88
1.85
1.58
1.86
1.86
1.62
1.87
1.85
1.63
1.85
1.87
1.61
1.84
1.84
1.57
1.83
1.81
1.55
1.78
1.77
1.48
1.70
1.74
1.42
1.62
1.68
1.41
1.62
1.72
1.42
1.73
1.79
1.49
1.83
1.79
1.54
1.83
1.72
1.50
1.78
245, 240
4,423
549, 801
20, 731
371
46, 503
21, 543
387
48, 368
20,379
366
45,637
21, 873
390
49, 019
20,025
355
44,492
19,985
351
44,374
19,687
352
44, 119
20,422
369
45,852
21,873
391
48,950
21,533
379
48,042
23,506 '22,080
411
'386
53,606 '49,523
21, 173
375
47,279
4,372
16, 535
4,372
1,712
1,903
1,568
4,348
1,842
2,930
1,300
4,262
1,144
1,304
1,551
4,517
2,229
6.124
5.631
5.913
5.383
5.938
5. 433
6.020
5.500
6.020
5.450
6.210
5.938
5.888
5.350
5.775
5.267
5. 775
5. 350
5.788
5.288
5.913
5.375
4,002
4,432
27, 319
27, 780
13, 134 ' 12, 659
7,852
8,056
323
2,214
'973
668
365
2,493
1,045
523
302
2,258
850
401
342
2,241
847
472
332
2,286
883
384
302
2,541
740
386
257
2,367
794
291
288
2,609
1,015
468
311
2.468
957
708
25.97
24.73
32.38
26.38
23.68
33.00
26.68
23.89
34.00
27.19
25.68
35.50
27.67
26.09
38.50
27.38
26.43
35.50
27.02
26.80
34.00
26.83
26.51
33.50
27.56
26.54
32.00
63,729
70, 915
15, 175 ' * 16,196
6,100
1,396
6,496
1,445
5,697
1,288
6,238
1,323
6,483
1,431
6,407
1,355
5,125
1,130
16.79
17.73
18.86
19.37
18.56
18.37
16.2
16.9
17.5
16.7
flour
Wheat flour:
Production:
Flour
thous sacks (100 Ib )
253,000
4,619
Offal
thous. sh tons
568, 672
Grindings of wheat
thous bu
Stocks held by mills, end of period
thous. sacks (100 lb.)-_
4,180
Exports
do
23,540
Prices, wholesale:
Spring, standard patent (Minneapolis)
$ per 100 Ib
6.365
Winter, hard, 95% patent (Kans. City) ..do
5.994
2,903
4,638
2,570
323
2,540
1,123
1,153
373
344
2,416
2,813
1,381
1,077
1,488 ' 1, 259
337
2,380
921
685
27.92
25.84
32.00
28.24
25.33
32.00
28.22
25.33
28.38
26.01
28.83
26.39
5, 454
1, 221
5,942
1,186
6,348
1,319
7,404
1,612
6,571
1,388
6,619
1,410
19.58
20.50
19.35
19.49
18.19
17.56
17.87
18.0
20.0
19.3
19.3
18.6
16.8
17.0
856
245
83
928
266
74
930
233
122
973
300
181
1,068
376
301
835
243
'134
832
210
79
2,020
1.78
1.52
L82
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected):
Calves
.
thous. animals
Cattle
do
Receipts at 28 public markets
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago) . _
$ per 100 Ib Steers, stocker and feeder (Kansas City)_.do
Calves, vealers (Natl. Stockyards, Ill.)__do
Hogs:
Slaughter (federally inspected) thous. animals
Receipts at 28 public markets
do
Prices:
Wholesale, average, all grades (Chicago)
SperlOOlb..
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 28 public markets
do
Shipments, feeder, to 8 corn-belt States
do
Price, wholesale, lambs, average (Chicago)
$ per 100 Ib
26.17
25.41
32.38
22.61
18.5
18.95
16.3
11,516
11, 553
3,901 '13,603
1,449
1,988
17.8
17.5
869
248
92
1,050
276
96
840
190
78
796
178
75
865
200
61
920
241
114
29.10
26.60
18.94
17.2
25.00
23.48
22.00
23.00
24.75
26.00
26.50
29.50
29.00
26. 25
25.25
25.25
25.62
26.12
25.00
29,291
31,110
2,582
2,816
2,494
2,581
2,690
2,855
2,482
2,661
2,738
2,738
3,132
2,770
2,760
621
480
1,318
644
484
1,397
644
36
120
651
38
128
635
37
117
618
32
109
662
37
123
674
34
109
615
32
150
548
34
151
508
45
148
517
55
171
572
48
147
614
62
144
625
54
97
16,710
317
32
895
17, 254
286
34
J967
1,381
286
3
76
1,554
287
3
87
1,414
264
2
78
1,406
234
2
70
1,434
224
2
84
1,587
203
3
69
1,464
207
2
105
1,592
222
2
113
1,608
240
3
113
1,536
249
2
129
1,714
273
2
111
1,489
304
3
107
1,475
'304
2
63
288
.442
.451
.460
.464
.474
.469
.469
.475
.472
.477
.477
.477
.466
.471
.484
.492
581
17
574
15
45
15
54
15
44
13
42
13
44
12
46
12
41
12
45
12
45
11
47
12
53
12
42
15
43
15
12,000
13, 281
1,156
1,208
1,036
1,134
1,211
1,222
977
1,024
1,154
1,365
1,239
1,242
9,662
234
55
298
10, 751
286
56
307
944
286
5
32
993
288
4
27
849
291
3
27
929
306
3
29
985
355
3
28
986
388
3
29
786
326
3
29
830
245
4
27
881
197
11
24
943
197
11
30
1,114
222
14
24
1,014
'237
18
25
1,022
'256
15
26
257
.587
.569
.544
.515
.573
.472
.517
.515
.504
.533
.531
.492
.517
.472
.516
.475
.522
.550
.544
.569
.545
.515
.543
.539
.484
.481
.484
.531
1,695
100
158
.152
1,835
151
189
.126
154
151
8
.116
157
164
7
.114
136
124
27
.114
148
121
13
.116
164
132
16
.115
172
139
8
.110
140
130
12
.104
140
121
10
.108
146
105
16
.105
154
94
16
.105
182
89
14
164
78
20
160
96
12
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. lb_.
8,786
9,218
Stocks, cold storage (frozen), end of period, total
540
436
mil. lb_.
Turkeys
do
267
367
Price, in Georgia producing area, live broilers
.145
.122
Sperlb..
' Revised.
1
Annual total reflects revisions not distributed to the mont hly data.
741
687
566
582
620
706
671
805
880
858
984
795
765
540
367
525
361
458
310
400
268
351
225
312
194
296
185
332
226
413
305
492
386
607
504
486
386
'417
'317
390
292
.110
.125
.135
.135
.135
.135
.140
.145
.140
.135
.115
.120
.125
.130
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)
$perlb_.
Lamb and mutton:
Production, inspected slaughter
mil. lb_.
Stocks, cold storage, end of period
do
Pork (including lard), production, inspected
slaughter
_
mil. Ib
Pork (excluding lard) :
Production, inspected slaughter _
do
Stocks, cold storage, end of period
do
Exports
do
Imports
do
Prices, wholesale:
Hams, smoked, composite
$ per Ib
Fresh loins, 8-12 Ib. average (New York) ..do
Lard:
Production, inspected slaughter
mil Ib
Stocks, dry and cold storage, end of period do
Exports
do
Price, wholesale, refined (Chicago)
$ per lb_.
1,084
605
SURVEY OF CURRENT BUSINESS
February 1969
Union otherwise stated, statistics through 1966
and descriptive notes are shown in the 1957
edition of BUSINESS STATISTICS
1966
| 1967
Annual
1968
1967
Dec.
S-29
Jan.
Feb.
Mar.
Apr.
May
June
1969
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
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. casesO
Frozen
mil. lb__
Price, wholesale, extras, large (delivered; Chicago)
$ per doz__
184.7
194.9
16.6
16.6
15.7
17.1
16.6
17.7
15.9
16.1
15.7
15.1
15.8
15.4
15.9
15.9
27
36
86
89
86
89
75
85
77
80
82
81
102
86
191
95
287
108
262
110
229
109
150
102
172
92
91
82
'59
72
55
61
.401
.298
.315
1.325
.294
.316
.303
.287
.332
.369
.390
.501
.399
.437
.480
Cocoa (cacao) beans:
Imports (incl shells)
thous Ig tons
Price, wholesale, Accra (New York)
$ per lb._
319.3
.246
282.6
.288
26.1
.310
35.8
.315
24.5 !
.300 i
7.7
.300
25.7
.313
27.9
.296
21.8
.289
18.6
.291
15.3
.300
12.9
.363
10.8
.394
10.0
.465
17.4
.498
Coffee (green) :
Inventories (roasters', importers', dealers'), end
of period
thous. bags<f._
Roastings (green weight)
do
3,141 J
21, 300
2,311
21,291
2,311
5,592
21,312
6,069
.384
1,645
1,424
316
.373
134
2, 202
f.3l
.373
148 ;
271
253
253
227 i
4,045
6,250
1,911
4,103
6,391
1,958
978
339
99
551 '
2,128
24
MISCELLANEOUS FOOD PRODUCTS
22 056
Imports, total
do
From Brazil .
do
6, 726
Price, wholesale, Santos, No 4 (N Y ) $ per lb
.414
Confectionery, manufacturers' sales.
__mil. $-. ' 1.535
Fish:
Stocks, cold storage, end of period.
mil. lb_
Sugar (United States):
Deliveries and supply (raw basis) :§
Production and receipts:
Production
thous. sh. tons..
Entries from off-shore, total 9
do
Hawaii and Puerto Rico
do
Deliveries, total 9
For domestic consumption
Stocks, raw and ref. , end of period
do
do
do
Exports, raw and refined
Imports:
Raw sugar, total 9
From the Philippines
Refined sugar, total
sh tons
3. 000
thous sh tons
do
do
4, 198
1,039
38
Prices (New York):
Raw, wholesale
._
$per lb_.
Refined:
Retail (incl. N.E. New Jersey) --..$ per 5 lb__
Tea, imports
10. 444
10, 299
2, 598
thous lb
Baking or frying fats (incl. shortening) :
Production
mil lb
Stocks, end of period©
do
Salad or cooking oils:
Production
.._ . _
do
Stocks, end of period©
do
Margarine:
Production
do
Stocks, end of period©
do
Price, wholesale (colored; mfr. to wholesaler or
. 070
10, 516
848
10, 245
827
' 2, 873 ' 2, 873
2
763
748
2,891
5,205
4,921
3,286
4,954
2,568
5,687
5,076
5,603
1,755
510
.375
142
2,398
766
.375
126
1,956
559
.380
113
1,641
567
.378
••107
2,481
726
.378
97
2,397
773
.378
127
2,322
839
.375
194
1.687
552
.378
'188
2,132
740
.378
184
1,945
699
.375
201
174
176
181
188
235
258
275
288
287
'285
172
302
129
202
146
142
115
154
152
105
218
199
65
418
170
72
714
184
90
788
184
158
532
92
793
570
215
1,066
439
128
252
79
752
738
2,719
841
825
2,603
834
821
2, 523
943
931
2,323
952
940
2,092
1,028
1,008
1,817
932
821
1,029
1,117
921
808
1,013
1,102
'
2,
467
'
1,
723
' 1, 533 ' 1, 249
P2,935
2, 461
956
. 375
150 i
1,468
27
So
285
51
120
89
65
94
165
120
62
4,584
1, 134
97
434
138
51
201
13
4
282
32
5
373
64
2
440
109
3
494
174
26
457
253
8
475
104
2
541
161
4
444
9
2
452
33
1
290
32
48
431
96
13
.073
.073
.074
.074
.074
.074
.075
.076
.076
.076
.076
.077
.076
.076
.638
.630
113
66
.615
.099
.622
.102
.624
.103
.635
.102
.636
.102
.636
13, 121
15, 800
13, 734
11, 440
16,354
14, 766
' 7, 677
12, 279
15,633
271.8
124.2
258.4
130.7
273.6
133.8
258.4
130.3
238.9
124.3
297.7
136.2
292.4
125.4
317.0
134.7
' 296. 6
' 119. 2
273.0
143.3
258.4
100.5
247.8
80.8
239.1
76.0
271.2
79.7
291.5
83.1
230.1
69.6
245.0
73.2
239.4
64.9
261.5
69. 7
' 230. 8
'74.8
229.9
78.4
203.3
58.8
192.7
62.1
177.5
65.3
170.8
62.3
161.5
58.0
160.9
62.2
162.3
52.6
168.0
52.8
168.0
50.1
199.7
56.3
' 179. 6
'45.8
194.9
47.1
.256
.256
.256
.256
.256
.256
.256
.256
.258
.256
577.8
525.1
73.2
46.0
39.7
73.2
46.3
38.6
81.6
46.5
43.0
81.5
46.0
42.9
84.9
41.0
42.8
76.0
49.5
42.5
72.5
44.4
40.6
69.8
41.8
40.5
59.6
44.9
53.2
47.5
44.5
47.2
39.3
48.1
45.1
40.9
M5. 5
'46.3
'42.7
41.6
37.4
50.2
4, 466. 9
2, 439. 6
447.4
4, 753. 0
2, 401. 6
424.6
394.0
188.9
424.6
415.0
205.3
489.2
381.9
189.9
439.5
387.5
209.1
438.1
379.4
198. 7
428.1
426.1
225.3
440.1
398.1
214.1
407.1
398.5
205.0
420.3
397.5
210.1
400.0
390.2
211.7
376.9
431.9
223.0
386.7
' 377. 1
' 193. 8
' 376. 0
363.7
185.6
356.3
164.1
72.1
158.5
118.4
73.0
146.3
5.9
6.2
146.3
.9
6.0
144.4
.6
6.1
119.2
l.l
6.2
110.5
4.0
6.3
113.1
10.8
6.5
119.7
21.0
5.7
145.8
36.2
6.5
163.0
30.9
5.5
177.8
26.3
5.8
188.3
20.4
5.2
178.8
'12.1
'5.5
' 159. 2
6.2
5.0
153.2
363.1
569.6
783.4
223.9
498.2
2 350. 5
565.1
' 766. 1
133.6
2
523. 0
34.6
35.5
53.1
133.6
16.2
32.3
52.2
61.1
147.5
115.8
20.9
45.8
56.6
142.8
59.6
18.8
47.6
64.7
114.4
20.3
39.9
48.2
68.9
95.9
16.9
41.1
44.3
67.9
108.8
34.2
37.7
46.0
57.8
129.0
35.7
30.9
41.9
54.2
145.2
40.5
34.9
51.4
61.1
152.8
16.1
34.0
44.1
57.2
130.2
30.7
27.5
48.1
65.6
132.9
41.0
'41.7
'44.9
'61.5
' 172. 0
17.5
35.6
34.8
54.7
196.9
14.6
446.6
397.6
388.0
M. 5
444.0
418.1
' 420. 6
37.7
33.8
35.1
35.6
37.7
35.1
36.4
35.7
36. 5
37.6
36.5
36.2
34.1
3
.620
.099
.618
.099
.608
.099
.614
.100
.613
.099
132, 996
142, 583
13,857
10, 910
10, 121
13,500
3 189.5
118.6
3, 225. 7
139.2
268.2
139.2
264.2
141.5
267.6
128.9
2, 946. 8
83.4
2,922.1
'79.5
232.5
'79.5
246.5
73.0
2, 109. 7
53.2
2, 114. 1
59.9
189.3
59.9
.266
.257
566.7
516.1
50.9
' . 620
.096
.614
. 099
.433
247
.077
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats: A
Tallow, edible:
Production (quantities rendered)
mil lb
Consumption in end products
do
Stocks, end of period J
do
Tallow and grease (except wool), inedible:
Production (quantities rendered)
do
Consumption in end products
do
Stocks, end of period f
do
Fish and marine mammal oils:
Production
do
Consumption in end products
do
Stocks, end of period 5
do
Vegetable oils and related products:
Coconut oil:
Production: Crude
mil. lb.
Refined
do
Consumption in end products
do
Stocks, crude and ref., end of period f
do
Imports
do
Corn oil:
Production: Crude
do
Refined
do
Consumption in end products
do
Stocks, o.mdft anH r«f ATI*! nf nprinHIT
e\n
' Revised.
*> Preliminary.
Beginning January 1968, data are not comparable with those for earlier periods; 2prices are
based on minimum 80 percent A oual'ty (instead of 60-79.9 percent
as formerly).
Annual
3
total reflects revisions not distributed to the monthly data.
Beginning July 1967, prices
based on 1967 benchmark; 1967 average is for July-Dec, period. July 1967 price on old basis,
$0.631.
1
34.4
'39.5
33.4
41.4
37.7
36.6
38.8
39.0
40.7
38.5
'36.3
38.2
38.3
31.9
33.6
35.2
37.8
35.5
34.3
35.2
40.2
39.5
36.0
37.4
33.5
40.9
36.5
30.6
35.6
37.3
41.1
40.5
'39.0
51.2
43.5
39.7
39.8
44.9
50.1
49.2
O Cases of 30 dozen.
cFBags of 132.276 lb.
§ Monthly data reflect cumulative revisions
for prior periods.
9 Includes data not shown separately; see also note " §".
AFor data
on lard, see p. S-28.
©Producers' and warehouse stocks.
^Factory and warehouse
stocks.
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
| 1967
Annual
1967
Dec.
February 1969
1968
Jan.
Feb.
Mar.
Apr.
May
June
1969
July
Aug.
Sept.
Oct.
Nov.
Dec.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS- Continued
Vegetable oils and related products— Continued
Cottonseed cake and meal:
Production
thous. sh. tons..
Stocks (at oil mills) , end of period
do
Cottonseed oil:
Production' Crude
mil. Ib
Refined
._ do. _.
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) , end of period
-. - _ -.mil. lb__
Exports (crude and refined)
do
Price, wholesale (drums; N.Y.)
$ per lb._
1,564. 7
146.7
196.8
146.7
198.0
161.8
161.6
168.1
140.2
170.6
107.8
192.4
73.8
200.5
47.8
188,9
39.1
158. 0
33.5
127.4
54.5
107.6
231.5
130.7
240.3
145.4
228.1
134.6
1, 674. 6 1,108.3
1,506.4 1, 050. 8
1, 258. 1 '1,010.5
140.8
123.7
85.1
143.8
136.6
85.7
114.1
106.5
82.6
99.1
115.7
81.5
76.1
77.7
81.0
52.6
71.4
91.0
35.5
50.3
87.1
27.4
34.4
62.4
22.9
29.4
63.0
39.6
30.0
59.2
162.6
99.3
76.9
r
167 7
' 124. 8
'68.9
162 3
128.2
71.9
381.8
184.0
.178
252.1
»72.1
2.154
252.1
313.7
324.7
3.6
.158
158.3
118.7
98.7
153.2
.160
262.9
.8
.185
201.4
.183
.184
.193
.175
' 213. 5
12.0
.148
328.2
2.0
.154
311.7
.148
275.8
9.5
454.2
234.7
370.6
••209.8
24.3
12.1
27.6
14.6
28.5
17.9
25.8
15.0
23.4
17.3
24.3
17.9
23.2
18.3
9.9
17.2
22.0
17.3
31.6
16.8
'35.4
17.3
'29.9
14.1
25.0
11.8
208.4
.128
' 213. 3
.129
213.3
.132
222.7
.132
223.0
.132
219.3
.132
216.2
.132
205.0
.132
200.9
.132
179.2
.132
163.6
.126
162.2
.119
164.7
'168.6
158.0
12, 614. 4
120.0
13,359.2
199.8
1,181.9
199.8
1,191.7
142.7
1,132.6
158.5
1,124.1
196.3
1,028.9 1, 128. 2
150.8
123.8
1,098.9
151.6
1,102.1 1,022.7
136. 0
100.5
893.4
95.4
6,149. 9
5, 072. 8
5, 202. 7
525.7
442.6
432.7
526.2
429.1
457.1
510.4
457.7
450.8
510.9
431.9
448.5
472.8
424.2
428.0
520.5
447. 1
448.1
507.5
425.2
457.0
507.6
392.6
413.3
477.6
427 1
444.9
408.6
444.4
457.0
578.8
446.7
496.0
'663.2
1912.3
.120
'663.2
40.1
.110
688.4
30.3
.108
695.0
68.4
.132
711.5
80.9
.115
747.0
41.4
.106
745.6
48.0
.107
705.0
119.2
.098
743. 2
46.2
.092
695. 7
29.7
.092
539.9
124.2
.093
'541.4
67.2
TOBACCO
Leaf:
8
1,968
Production (crop estimate)
_
_ -.mil. lb._ 31,888
Stocks, dealers' and manufacturers' end of period
5,486
5,353
mil Ib
551, 162 571, 559
Exports, incl scrap and stems
thous. Ib
Imports, incl. scrap and stems
-- .do. _. 179, 336 1197,109
5,486
68,822
13, 892
44, 296
16, 337
44, 792
22, 179
5,312
28,806
20, 361
36, 934
22,830
43, 727
16, 680
4,858
45, 614
17, 824
43, 696
18, 427
63,939
18, 335
4,937
73, 366
16, 656
3.902
36, 593
3,485
40, 982
4,040
46, 362
3,954
40, 015
4,923
47, 305
4,659
43,407
535
2,455
4, 788
44, 093
5, 243
48, 947
5,470
44, 159
616
3,088
8,753
190
816
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) __ _ _ $ p e r l b _ _
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
Manufactured:
Consumption (withdrawals) :
Cigarettes (small):
Tax-exempt
Taxable
Cigars (large) , taxable
Exports cigarettes
-
.millionsdo
-- -do
millions
2, 381. 4
94.2
5,811.2
5, 152. 0
5, 210. 2
510.9
684.8
.140
46, 112
522, 532
7,075
23, 453
r
48, 971
527, 798
6,846
23,652
3.4
4.5
8.4
5.4
7.4
.8
3.3
3.9
1,257.3 1,281.4 1, 207. 1
111.5 ' 112. 5 147.8
' 584. 1
' 439. 5
'442.1
547.4
472.3
455.6
'562.6
56.4
597.0
111.5
* 1, 716
441
2,049
557
1,599
531
1,940
4,144
41,839
536
1,490
569
2,298
641
2,244
532
1,810
38,781
18,990
71, 322
13, 874
63,643
15, 215
558
3,329
4,478
50,083
682
1,579
4,350
40,654
602
2,089
4,312
35, 161
11, 724
10, 937
13, 737
13, 456
10, 721
1 302
1 180
1,235
1 185
1,153
5,200
1,475
330
3,700
915
369
3,300
658
274
400
2,589
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9
thous. $
Calf and kip skins
thous skins
Cattle hides
thous hides
155, 623
2,582
14 307
127, 893
2,626
11, 987
8,476
217
837
15, 701
208
797
9,723
211
983
4,850
177
1 043
9,644
289
902
10, 152
9,281
1 022
1 018
88,995
36 998
10,331
61,200
36 044
7,109
4,500
3 174
391
6,600
2 330
614
7,900
3 413
8,300
4 037
8,200
3 349
8 700
3 659
7,300
3 034
483
7 200
3 469
5,900
2 214
295
6,300
2 359
344
$ per Ib
do
.601
.177
.460
.500
.500
.480
.093
.530
.480
.500
.550
.113
.550
.575
. 110
.625
.114
LEATHER
Production:
Calf and whole kip
thous skins
Cattle hide and side kip
thous hides and kips
Goat and kid
thous skins
Sheep and lamb
do
4 720
23 830
13*372
29,302
4 008
23 394
8 456
28,375
641
2,399
696
2,664
2,691
520
2,762
Exports:
Upper and lining leather
thous sq ft
65 704
71 769
6 520
6 732
7 633
7 417
Prices, wholesale, f.o.b. tannery:
Sole, bends, light
index, 1957-59=100
Upper, chrome calf, B and C grades
index 1957-59 100
2 114. 5
97 9
91 2
90.5
90.5
105 5
92 8
87 9
86 3
88 2
641 696
599, 964
47,681
56 644
537
93
7
2
681
823
268
924
495 380
95* 620
6*949
2 015
40 586
6 337
47 689
8 186
2,737
2,217
167
144
120 9
122 9
125 7
111 0
121 2
113 1
125 8
113 7
129 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 9J4/15 Ib
Hides, steer, heavy native over 53 Ib
LEATHER MANUFACTURES
Shoes and slippers:
Production, total t
thous pairs
Shoes, sandals, and play shoes, except athletic t
thous pairs
Slipperst
do
Athletic J
do
Other footwear t
do
Exports. ._
do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper Goodyear welt
index 1957-59—100
Women's oxfords, elk side upp'er, Goodyear
welt
index 1957 59—100
W^ omen's pumps low-medium Quality do
120
098
347
1 978
580
178
734
093
341
2 088
602
167
340
2 073
120
341
572
113
398
2 073
419
123
436
212
392
352
108
359
111
390
130
306
163
320
158
2 201
1 910
2,821
700
2,651
678
2,443
4 249
5 777
5 220
6 078
7 853
98.0
95.0
95.0
96.5
88 8
94 2
94 2
95.9
55, 670
58, 067 '56 075 '56,299 '49,924
48,136
57,460
51, 228 '59,385
49, 435
46 418
8 443
48 457 '45 664 '45 601 '40 281
8 809
8 760
9 875
9 535
40 504
7 072
46 710
9 933
41 387 '47 459
9,057 '11 057
626
'697
158
'172
39 315
9,304
1 990
536
2,910
2 002
*466
2,554
442
2,225
8 746
6 733
5 619
90.5
90.5
98.0
89 0
88 8
88 4
547
2,807
2 181
1 616
2 094
496
1 895
654
196
683
193
619
204
641
193
428
132
641
176
178
244
232
185
165
156
193
737
125 7
125 7
125 7
128 7
128 7
128 7
128 7
128 7
131.3
113 7
133 1
113 7
132 3
116 6
132 4
120 0
133 2
120 0
132 9
120 0
133.1
120 0
133 0
120 0
132.9
120.0
135.5
628
181
9 Includes data for items not shown separately.
J Revisions for Jan. 1965-July 1967 will be shown later.
213
124
325
573
2,560
539
' Revised.
1 Annual total reflects revisions
not distributed to the monthly
data.
2
3
4
Average for 11 months.
Crop estimate for the year.
December 1 estimate of 1968
crop.
418
238
5 158
661
155
195
242
Jan.
February I960
SURVEY OF CUKKENT BUSINESS
S-31
•
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
| 1967
Annual
1967
Dec.
1968
Jan.
Feb.
Mar.
Apr.
May
June
1969
July
Aug.
Sept.
Oct.
Nov.
Dec.
LUMBER AND PRODUCTS
LUMBER— ALL TYPES
National Forest Products Association:
Production, total
mil. bd. ft._
Hard woods
do _
Softwoods
_
do _Shipments, total
Hardwoods
_ _ _ _ _ _
Softwoods
36,584
7,737
28,847
35, 275
7,401
27,374
2,595
536
2,059
2,711
481
2,230
2,845
504
2,341
3,137
581
2,556
3,278
602
2,676
3,281
596
2,685
3,108
630
2,478
3,140
592
2,548
3,211
611
2,600
3,183
582
2,601
3,364
605
2,759
2,970
614
2,356
2,813
509
2,304
_.do ._
do
do
36, 810
8,242
28,568
35, 777
7,603
28,174
2,772
634
2,138
2,700
581
2,119
2,980
637
2,343
3,252
710
2,542
3,414
686
2,728
3,426
666
2,760
3,196
654
2,542
3,253
608
2,645
3,312
621
2,691
3,194
637
2,557
3,434
637
2,797
3,041
687
2,354
2,787
575
2,212
do
do .
do
5,737
1,069
4,668
5,744
1,377
4,368
5,744
1,377
4,368
5,789
1,332
4,457
5,690
1,252
4,438
5,632
1,183
4,449
5,504
1,115
4,389
5,380
1,051
4,329
5,322
1,041
4,281
5,279
1,038
4,241
5,194
1,034
4,160
5,196
995
4,201
5,094
975
4,119
5,030
934
4,096
5,086
914
4,172
_ __ do ___
do
1,009
5,120
1,112
4,987
95
256
100
407
108
418
107
407
110
476
104
439
81
517
100
610
94
560
81
526
90
685
82
519
84
524
mil. bd. ft-_
do
8,315
486
8,222
579
718
579
710
620
808
725
783
755
758
727
724
651
858
734
795
752
666
645
790
742
726
662
674
657
755
822
do
do _
do_ _.
8,436
8,450
1,040
8,046
7,840
957
584
641
957
724
669
1,012
726
703
1,035
762
753
1,044
801
786
1,059
799
800
1,058
747
775
1,030
716
777
969
723
773
919
721
693
947
774
806
915
671
679
907
638
590
955
401
110
290
388
113
275
32
10
22
36
9
27
32
9
23
39
14
25
43
10
33
34
9
25
31
7
24
36
10
26
32
8
24
29
6
23
31
7
24
27
6
21
33
6
27
_
Stocks (gross) , mill, end of period, total
Hardwoods
Softwoods
_
Exports total sawmill products.
Imports, total sawmill products
_
SOFTWOODS
Douglas fir:
Orders, new
Orders, unfilled, end of period
Production
Shipments
Stocks (gross), mill, end of period
Exports, total sawmill products
Sawed timber
Boards, planks, scantlings, etc
_.
do __
do
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$ per M bd. ft_Flooring, C and better, F. G., 1" x 4", R. L.
$perM bd. ft_.
Southern pine:
Orders, new
Orders, unfilled, end of period
mil. bd. ft
do
Production
do
Shipments.. __
do _ _
Stocks (gross), mill and concentration yards, end
of period
...mil. bd. ft_.
85.62
85.54
90.43
95.75
98.62
105.88
103. 56
103.84
104.66
108.46
111. 01
112. 36
165.87
169. 99
165.24
165.24
164.54
165. 24
164.71
163. 31
163.31
163.31
163.31
165.94
6,374
274
6,381
307
500
307
522
328
579
356
586
358
620
388
598
356
562
368
596
375
596
367
621
390
647
369
629
391
589
422
6,609
6,466
6,415
6,348
509
470
519
501
521
551
568
584
575
590
591
630
548
550
590
589
579
604
559
598
645
668
596
607
579
558
1,230
1,297
1,297
1,315
1,285
1,269
1,254
1,215
1,213
1,214
1,189
1,150
1,127
1,116
1,137
M bd. ft_.
99,202
87,436
7,229
8,674
6,965
7,428
6,716
9,658
6,529
7,649
7,538
7,790
5,536
5,222
10,772
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1957-59=100Flooring, B and better, F. G., I" x 4", S. L.
1957-59= 100. _
105.1
103.4
107.0
108.9
111.2
114.0
116.0
117.7
118.6
119.5
120.8
121.8
106.2
106.0
107.4
108.7
109.2
110.7
111.6
112.7
112.7
113.7
114.5
114.7
_ mil. bd. ft _
do
10, 510
427
10,531
557
848
557
756
607
869
659
880
642
1,040
666
920
582
939
624
994
640
946
608
985
616
1,006
615
789
600
757
539
do ._
do
10, 552
10, 618
10, 180
10, 401
744
795
714
706
801
817
920
897
968
1,016
983
1,004
888
897
955
978
988
978
1,015
977
1,003
1,008
804
804
812
818
Stocks (gross) , mill, end of period
do
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over)
$ per M bd. ft
1,666
1,445
1,445
1,453
1,437
1,460
1,412
1,391
1,382
1,359
1,369
1,407
1,402
1,402
1,396
69.39
71.95
71.94
70.78
71.86
75.90
87.26
92.16
88.72
87.67
89.03
89.99
618.1
26.0
547.0
20.1
36.1
20.1
42.0
20.5
50.3
26.4
44.6
27.3
39.2
25.8
41.2
21.4
34."
18.9
39.2
19.1
45.1
20.7
47.0
25.6
45.3
26.1
36.2
25.7
32.1
23.9
685.6
654.4
58.3
551.2
552.2
57.9
37.1
37.3
57.9
41.1
40.6
58.4
40.3
43.1
53.9
41.1
43.7
51.3
41.6
40.5
52.4
43.4
44.3
51.0
38.2
37.2
49.2
33.4
38.2
44.0
38.3
43.0
38.5
34.6
40.5
30.5
41.4
44.8
27.1
34.4
36.1
25.3
31.4
33.0
23.5
Exports, total sawmill products
Western pine:
Orders, new
Orders unfilled, end of period
Production
Shipments
HARDWOOD FLOORING
Oak:
Orders, new.
Orders, unfilled, end of period
Production
Shipments.
Stocks (gross), mill, end of period
mil. bd. ft..
do
do
do
do
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous. sh. tons
Scrap..
_ _
do
Pig iron
_.
do
Imports:
Steel mill products
Scrap
Pig iron _
do
do
do
1,724
5, 857
12
1,685
7,635
7
127
353
(0
141
485
(0
104
355
1
110
527
1
137
420
1
132
502
1
120
501
1
142
479
1
176
624
1
269
764
1
207
539
1
306
801
2
327
576
1
10, 753
464
1,252
11,455
286
2631
1,013
28
78
1,102
34
14
1,058
26
14
1,241
27
64
1,480
30
31
1,770
36
63
1,507
31
71
1,505
30
81
2,138
16
92
1,698
17
124
1,485
24
99
1,550
19
72
1,425
38
73
52,312
32, 654
85, 361
7,793
4,600
3,629
7,692
7,793
4,762
3,391
7,795
7,546
4,702
3,709
7,777
7,672
5,017
3,799
8,232
7,772
5,009
3,568
8,024
7,889
5,259
3,746
8,342
8,113
4.785
3,411
7,577
8,225
4,730
3,022
7,128
8,385
3,830
2,560
5,934
8,414
28.17
31.00
26.30
28.50
24.48
26.00
22.85
24.00
22,59
24.00
22.40
24.00
Iron and Steel Scrap
Production
thous sh tons
Receipts
_
do
Consumption
do
Stocks, consumers', end of period
do
55,463
36, 671
91, 583
8,188
2
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ per Ig ton
29.95 3 27. 51 28.65 30.07 30.32
Pittsburgh district
do._I~
30.00 33.00 34.00
31.00
27.00
r
Revised.
* Preliminary.
1 Less than 500 tons.
2 Annual total reflects revisions
not distributed to the monthly data.
3 For Feb.-Dec. 1967.
23.01
25.00
Jan.
SURVEY OF CUKEENT BUSINESS
S-32
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
| 1967
Annual
1967
Dec.
February 1969
1968
Jan.
Feb.
Mar.
Apr.
May
June
1969
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
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
do
Consumption at iron and steel plants
do
Exports
do
Stocks, total, end of period
At mines
At furnace yards
At U S docks
Manganese (mn content) general imports
' 1 90,147 1 84, 179
i 90, 824 '183,016
46, 259 i 44, 627
4,831
3,293
3,328
5,289
2,009
2,390
5,182
2,035
1,725
5,476
2,140
2,031
6,697
6,881
2,859
9,492
11,210
5,243
9,582
11, 075
4,650
9,459
11,737
4,591
9,098
10, 411
4,555
8,514
8,760
5,082
6,918
8,418
4,742
5,255
5,929
3,114
2,958
128, 225
127, 694
7,779
119,435
118, 982
5,944
6,995
11,220
342
3,693
11, 251
346
3,674
10, 746
321
3,920
11, 562
385
8,787
11,457
625
15, 437
11, 770
570
15, 189
11^152
458
15, 325
11,012
500
13, 915
8,519
493
12,904
7,343
593
12, 200
7,798
698
7,737
8,358
522
5,799
9,483
426
do
do
do
do
69, 525
12,160
54, 658
2,707
71,238
13, 130
55, 121
2,987
71, 116
13, 008
55, 121
2,987
66, 532
16,288
47, 527
2,717
62, 143
19, 435
40, 455
2,253
57,287
22, 771
32, 813
1,703
54, 323
22, 586
30, 130
1,607
56, 113
20, 866
33, 798
1,449
58, 708
19, 374
37,880
1,454
61, 054
17,095
42, 195
1,764
65,413
15, 782
47, 591
2,040
71, 113
15, 536
53, 153
2,424
74,491
14,230
57, 554
2,707
73, 296
13, 556
56,934
2,806
53, 232
2,797
do
1,293
1,086
97
108
87
116
82
72
68
61
92
103
28
52
83
1 86,984
87, 371
8,182
8,231
8,097
8,285
7,841
8,139
8,476
8,658
8,443
8,568
8,706
8,650
8,244
8,220
8,021
7,957
6,333
6,376
5,481
5,916
6,218
7,020
2,842
2,842
2,677
2,523
2,425
2,439
2,514
2,549
2, 641
2,644
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
62.70
913
14, 329
8,128
913
1,212
662
912
1,186
650
979
1,283
693
1,010
1,360
770
1,026
1,352
802
1,031
1,455
835
986
1,291
774
965
1, 144
703
909
1,184
723
899
1,223
747
'886
1,307
768
885
1,190
667
120
1,040
615
120
86
47
121
91
53
122
85
42
123
91
48
117
94
50
112
102
55
113
91
48
120
79
44
122
79
46
131
88
49
116
102
56
130
87
46
134,101 1127,213
138.1
131.0
11,953
144.9
12,015
145.6
11, 795
152.8
12,721
154.2
12,450
155.9
12,700
153.9
11,906
149.1
11, 452
138.8
8,956
108.6
8,086
101.3
9,006
109.2
9,590
120.1
293
150
125
336
159
127
318
154
126
307
157
128
300
153
125
283
155
125
262
144
118
280
129
109
279
129
109
289
135
116
331
141
119
331
130
111
7,003
7,758
7,901
8,752
9,035
9,718
9,492
10, 368
5,263
5,215
6,316
6,007
6,320
376
493
680
109
380
495
759
127
380
525
752
139
422
562
843
143
439
586
840
140
439
648
882
152
433
627
858
138
530
671
926
165
254
370
513
63
291
385
457
72
350
438
540
110
479
428
523
99
497
421
544
118
13,053
7,961
3,249
1,733
8,969
3,133
6,591
32, 574
9,312
14,709
1,044
672
236
128
662
225
427
2,986
823
1.435
1,138
749
218
161
730
267
573
3,290
947
1,573
1,155
757
228
161
851
282
509
3,307
971
1,587
1,296
857
259
170
957
314
582
3,633
1,049
1,681
1,303
842
279
173
1,175
345
654
3,552
986
1,667
1,443
919
333
181
1,113
358
842
3,842
1,093
1,778
1,348
875
288
177
1,077
343
882
3,786
1,089
1,726
1, 521
963
376
173
1,113
361
960
4, 121
1,264
1, 830
887
477
279
123
666
205
320
1,984
616
787
818
444
251
116
520
210
544
1,919
530
789
965
551
267
137
600
252
770
2,293
685
943
937
559
239
131
626
239
334
2,343
723
985
904
547
221
126
657
222
310
2,649
941
1,054
i 16, 400 i1 14, 863
11, 375
111,862
i 4, 969 i 4, 582
i 17, 984 i 16, 488
3,864
2,722
1,168
4,774
4,110
3,111
1,233
5,650
4 811
3 849
1 570
6,108
3,748 2 1, 104 2 1, 078 21,090
2819
2727
2737
3,030
2306
2311
1,171
2336
3,962 2 1, 128 2 1, 199 2 1, 334
14,332
i 5, 747
i 6, 597
i 22, 104
i 3, 225
i 4, 994
i 7, 255
1
21, 115
702
1,275
1,517
5,470
871
1 557
1,873
5,987
898
1,730
2,594
6,685
593
1,174
1,949
7,168 2
10.1
65.1
67.9
9.1
62.5
63.5
9.1
5.4
5.5
5.4
5.6
5.6
5.5
5.5
12.5
9.6
12.5
9.6
12.3
10.1
12.0
10.4
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons_. 191,500
Consumption
do
91, 770
Stocks (consumers' and suppliers'), end of period
2,962
thous. sh. tons_Prices:
62.74
Composite
$ per Ig. ton..
Basic (furnace)
do
63.00
Foundry, No. 2, Northern
do
63.50
Castings, gray iron:
Orders, unfilled, for sale, end of period
962
thous. sh. tons_15, 716
Shipments total
do
8,927
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of period
182
thous. sh. tons- _
1,133
Shipments total
do
688
For sale
do
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
590
2,155
1,792
293
1,857
1,554
10,421
126.3
Steel Mill Products
Steel products, net shipments:
Total (all grades)
thous. sh. tons__ 189,995 183,897
By product:
4,061
3,806
Semifinished products
do
6,133
6,764
Structural shapes (heavy), steel piling
do
7,948
9,103
Plates
do
1,434
Rails and accessories
do
1,776
Bars and tool steel, total
do
Bars: Hot rolled (incl. light shapes)
do
Reinforcing
do
Cold
finished
do
Pipe and tubing
do
Wire and wire products
do
Tin mill products
do
Sheets and strip (incl. electrical), total-. .do
Sheets: Hot rolled
do
Cold rolled
do
By market (quarterly shipments) :
Service centers and distributors
Construction, incl. maintenance
Contractors' products
Automotive
do
do
do
do
Rail transportation
do
Machinery, industrial equip tools
do
Containers, packaging, ship, materials... do
Other
do
Steel mill products, inventories, end of period:
Consumers' (manufacturers only) _ -mil. sh. tons,.
Receipts during period
do
Consumption during period
do
Service centers (warehouses)
do
Producing mills:
In process (ingots, semifinished, etc.)
do
Finished (sheets, plates, bars, pipe, etc.) -do
14, 523
9,126
3,276
1,999
9,233
3,495
5,828
35, 468
10, 137
15, 972
9.8
9.2
.0860
Steel (carbon), finished, composite price $ per lb_.
' Revised .
p Preliminary.
i Revised total; m<mthly rev isions are not available.
10.1
6.0
5.5
9.6
6.1
5.6
2
'6.4
6.1
'5.9
p 5.9
9.8
7.7
9.6
7.9
9.3
8.0
9.5
'8.3
.0900
.0897
. 0871
15.0
7.0
5.1
14.7
5.0
5.3
5.4
6.0
5.8
5.7
5.9
11.7
10.5
11.5
10.1
.0865
For mo nth shovm.
9.1
7.0
p 10.4
p 4.6
p 5.2
'11.0
4.7
'5.7
13.1
6.9
6.0
10.1
9.0
2253
2352
2371
2 1, 796
12.0
5.2
6.5
12.2
7.2
6.4
10.6
10.0
2235
2335
2349
1, 773
13.3
4.3
5.7
11.4
6.7
5.8
10.5
6.2
5.8
2215
2332
2773
1, 691 2
p 10.0
P 8.8
Jan.
SURVEY OF CURRENT BUSINESS
February 1969
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual
1967
Dec.
S-33
1968
Jan.
Feb.
Mar.
1 Apr.
I
May
1969
June
July
Aug.
Sept.
Oct.
Nov.
291.6
76.0
Dec.
Jan.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons
Recovery from scrap (aluminum content) do
Imports
M^etal
Plates
Exports
(general):
and alloys crude
sheets etc
metal and alloys, crude
do
do
do _ _
Stocks, primary (at reduction plants), end of
period
thous sh tons
Price, primary ingot, 99.5% minimum.. .$ per lb..
Aluminum shipments:
Ingot and mill products (net)
Mi ill products total
Plate and sheet (excluding foil)
Castings^
mil. Ib
do
do
do
Copper:
Production:
Mine recoverable copper
thous. sh. tons
Refinery, primary
do _
From domestic ores
do
From foreign ores
do
Secondary recovered as refined
do
Imports (general) :
Refined, unrefined, scrap (copper cont.)
Refined
Exports:
Refined and scrap
Refined
Consumption, refined (by mills, etc.)
Stocks, refined, end of period
Fabricators'
Price bars electrolytic (N Y )
2, 968. 4 3,269.3
1831 6 i 820. 0
282.7
66.0
285.3
73.0
267.1
72.0
288.3
78.0
280.3
78.0
289.0
81.0
218.5
68.0
226.0
61.0
246.5
70.0
269.0
69.0
293.4
78.0
521.8
119.1
188.2
450.5
56.3
209.0
45.7
3.4
11.1
54.6
4.7
13.3
44.7
4.1
13.7
89.6
4.4
12.3
69.6
5.4
15.5
58.4
5.3
15.4
74.4
4.7
13.4
61.2
5.9
11.9
40.3
7.1
13.1
52.5
'4.6
20.4
49.7
5.3
16.7
74.8
.2450
208.0
.2498
208.0
.2500
213.0
.2500
187.7
.2500
161.2
.2500
113.4
.2500
97.4
.2500
109.3
.2585
114.2
.2600
91.2
.2600
93.9
.2600
99.2
.2600
38.4
5.5
18.1
51.8
4.7
16.4
99.4
.2600
.2600
C
8,797.6 8,836.9
6,457.5 6,350 6
2,936.7 2, 868. 1
1,639.9 1, 534. 7
747.2
507.4
234.2
127.9
816.0
583.3
280.3
137.0
796.1
593.9
282.4
139.4
937.9
649.4
313.2
137.6
957.0
688.5
348.7
132.7
1,069.6
797.7
414.6
138.8
695.4
489.0
209.5
121.6
696.6
516.4
227.8
101.2
750.6
550.4
253.1
120.5
840. 6 833.7
780.5
602.9
564.6 r 626. 5
256.0 ' 285. 6 276.7
135.0
125.4
145.8
1,429.2
954.1
1,711.0 1, 133. 0
846.6
1,353.1
286.4
357.9
394.5
472.0
23.9
18.1
22.9
17.7
28.0
16.1
41.0
29.2
121.3
96.0
23.3
21.2
24.9
37.8
36.4
125.5
139.0
111.8
27.2
44.7
123.9
150.5
121.4
29.1
38.1
122 A
158.4
129.8
28 6
33.5
127.9
168.8
136.9
31.9
31.4
120.5
153.4
128.6
24 8
32.0
127.8
181.0
151.0
30 0
32.6
122.9
165.2
139 4
25.9
33.7
123.9
162.0
131.5
30 5
34.7
do
do _
596.7
162.7
644.1
328.3
64.4
47.5
99.5
78.3
86.3
74.1
88.4
74.3
111.5
73.5
56.9
33.5
50.5
24.2
27.9
8.4
53.1
13.3
43.0
8.2
29.8
5.5
35.5
7.2
34.5
4.7
do
do
334. 7
273.1
241.8
159.4
10.4
2.0
9.4
2.5
12.6
1.1
17.2
2.2
19.4
5.4
29.8
19.8
37.0
30.4
40.4
31.3
42.9
31.8
52.6
39 9
35.0
25 4
35.2
28.1
29.2
23 0
2, 382. 0 1,948.2
169.5
240.0
114.1
174.0
.3617 s 3823
121.4
169.5
114.1
109.8
169.5
107.6
96.4
159.2
100.9
107.8
172 A
103.8
162.3
183.2
129.9
.4219
172.9
205.6
139.4
.4207
195.4
190.2
132.1
4210
130.0
219.2
166.1
4171
168.8
214.8
159.6
4170
do
do
do
$ per Ib
p 187. 8 p 203. 7 p 179. 6 p 161.4
P199.8 p 175 2 p 165. 2 p 173 2
p 148. 9 p 130.9 P112.7 p 116.6
4171
4171
4172
4171
Copper-base mill and foundry products, shipments
(quarterly total) :
Copper mill (brass mill) products
mil Ib
Copper wire mill products (copper cont ) do
Brass and bronze foundry products
do
3,326
2,494
1,007
2, 595
2,360
966
596
579
244
Lead: A
Production:
Mine, recoverable lead
thous sh tons
Recovered from scrap (lead cont.)
do
327.4
i 572. 8
316.9
1553.8
24.8
46.6
22.4
47.3
22.3
49.6
22.0
51.2
25.3
48.9
28.7
47.8
26.5
42.2
28.8
37.5
31.0
44.6
29 3
46 4
42 1
50.4
37.9
48.0
431.3
488.4
11,323. 9 1, 260. 5
33.6
105.6
43.9
108.8
39.3
105.1
43.8
106.2
38.7
107.1
37.8
112.1
30.3
104.8
35.8
93.3
27.6
110.1
36 7
113 5
30.3
130.6
32.3
115.4
28 1
155. 2 r 157 7 ' 157 1r 153 2
146 8
Imports (general), ore (lead cont.), metal
Consumption, total _ _ . _
do
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) cf
do
Scrap (lead-base, purchased), all smelters
(gross weight)
thous sh tons
Price, common grade (N.Y.)
$ perlb__
Tin:A
Imports (for consumption) :
Ore (tin content)
_
Bars, pigs, etc
Recovery from scrap, total (tin cont.)
As metal. - _
__
Consumption, pig, total...
Primary
_
Ig. tons
do
do
do
do
do
142.2
160.2
624
567
257
675
595
250
r
r
160.2
166.1
158.8
156.8
153.9
147.5
148.6
4
4
23.6
100.7
17.2
88.1
14.0
86.1
13.2
99.4
15.5
105.2
18.2
106.9
21.0
102.5
29.4
116.1
29.6
105.1
22 3
100 8
19.5
84 0
15.2
83 8
4
4
58 0
.1400
53.6
.1400
57.5
.1400
58.2
.1400
58.9
.1400
56 8
.1400
50 6
.1304
50 9
.1300
55 5
.1270
53 1
.1250
50 9
.1250
50 1
.1279
48 1
.1300
.1300
3,255
49, 924
122,667
3, 238 13,176
85, 486 80,646
60,209 57, 856
467
4,775
1,625
290
6,265
4,655
0
5,473
1,720
275
7,010
5,160
784
5,145
1,616
241
6,775
4,965
49
3,895
1,655
245
7,010
4 925
417
4,928
2,015
225
7,285
5 115
0
3,667
2,315
280
7,685
5,295
702
5 088
2,040
235
7,090
5 085
458
3,561
'1,765
235
6,305
4 540
771
3,868
1,770
255
6 270
4 290
6 847
2 060
250
6 660
4 650
o
0
4 359
2,165
245
7,510
5 070
0
6 302
85
4 226
303
17, 515
1. 4563
969
18, 385
1. 4562
197
888
18. 910 18, 480
1. 4521 1. 4330
247
16, 520
1.4165
109
16,945
1. 4148
84
15,680
1. 4185
211
18 145
1.4804
52. 8
.1512
2 4, 372
41,624
1
25, 349
1
152 8
3,069
22, 687
1.6402
2,509
18, 662
1. 5340
36
18, 662
1. 5259
190
17,965
1. 4788
Zinc:A
Mine production, recoverable zinc
thous. sh. tons _
Imports (general):
Ores (zinc content). __ _
do
Metal (slab, blocks)
do___.
572.6
549.4
41.5
42.8
42.1
41.7
43.7
45.3
44.5
43.3
47.0
44.4
44.2
43.9
521.3
277.4
534.1
221. 4
32.8
19.0
50.3
29.3
33.7
30.8
47.8
35.8
30.2
31.1
43.5
24.0
45 0
17 2
50 8
20.2
53.9
22.9
51 1
14 9
41 1
24.4
54 9
23 6
i1 126. 7 !114 3
269. 6 1240 9
8.9
18.1
10.4
20.1
8.8
18.9
8.6
19.1
88
19.8
10 1
19 7
98
20 5
9 2
19 7
95
19 4
10 9
19 9
10 7
19 8
11 4
19 9
68.1
6.1
108.2
63
85.0
6.0
110.7
11 6
95.5
6.4
120 7
2 5
92.4
5.5
115 2
10
87.1
5.8
104 7
I
87.8
6.1
104.7
R
86.7
70
108 8
2 3
89.5
6.3
123 7
16
91.9
65
116 7
Slab zinc:
Production (primary smelter), from domestic
and foreign ores
thous. sh. tons - 1, 025. 1 1938.8
71.6
69.6
64.5
Secondary (redistilled) production
do
6.0
183.3 173.5
6.1
5.8
Consumption, fabricators'
_
do
1,410.2 1,236.8
112.2
100.7
104.0
.1
Exports. _
_ .
do
1.4
.6
16 8
5 7
Stocks, end of period:
73.4
64.8
66.4
84.3
Producers', at smelter (AZI)O.-- . _ do __
81.9
Consumers'
do
97.4
102 5
93.7
94.2
129.6
Price, Prime Western (East St. Louis).$ per i b _ _
.1350
.1450
.1350
.1384
.1350
r
Revised.
* Preliminary.
1 Annual total;4 monthly revisions are not available.
3
'* Total for 11 months.
Less than 50 tons.
Reported yearend stocks. See BUSINESS
c
STATISTICS note.
s Jan.-Aug. average.
Corrected.
HEffective 1966, estimates are derived from a new sample and are not directly comparable
with earlier data; see note in Feb. 1967 SURVEY.
.1341
6 495
4 555
Exports, incl. reexports (metal)
do
Stocks, pig (industrial), end of period.- --.do Price, pig, Straits (N.Y.), prompt
$ perlb-_
Consumption (recoverable zinc content):
Ores
_
do
Scrap, all types
_ _ _ _ _ do -
4350
688
559
222
<22.6
4
90. 3
23. 4
105. 8
.2655
r
805
564
460
16,360 16 270
1. 5107 1. 6214 1.6346
(3\
1. 6250
44 1
31 2
13
64.8
65.4
70.4
62.9
82 2
78 8
84.4
70 3
67 6
67 4
73 Q
89 9
r 74 0
93 3
88 0
84 7
89 1
85 2
78 9
.1350
.1350
.1350
.1350
.1350
.1350
.1350
.1350
.1350
.1350
.1384
AData reflect sales from the Government stockpile.
cf Consumers' and secondary smelters' lead stocks in refinery shapes and in copper-base
scrap.
O Producers' stocks elsewhere, end of Jan. 1969, 12,300 tons.
S-34
SUKVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1966
and descriotive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
- ~
1967
| 1967
Dec.
Annual
Jan.
-"-
Mar.
Feb.
•- -
February 1969
1968
Apr.
June
May
—
—
1969
July
Aug.
Sept.
Oct. Nov.
Dec.
Jan.
METALS AND MANUFACTURES—Continued
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and convectors, shipments:
19.7
Cast-iron
_ mil. sq. ft. radiation..
'19.8
290.4
Nonferrous
do
84.8
Oil burners:
i 559. 5 '1513.2
Shipments
thous
344.1 ' 3 53. 9
Stocks end of period
do
Ranges, gas, domestic cooking (incl. free-standing,
set-in, high-oven ranges, and built-in oven
broilers), shipments
thous '12,114.5 '12,084. 5
234.1
Top burner sections (4-burner equiv ) , ship do
194.3
1
Stoves, domestic heating, shipments, total- do - 1,482. 3
1, 033. 8
Gas
do
Warm-air furnaces (forced-air and gravity air-flow),
shipments total
thous 'i 1,527.8
'11,212.9
Gas
do
2 488 9
Water heaters gas shipments
do
.5
6.4
.5
8.0
.6
7.3
.7
7.7
.4
5.5
.3
5.5
.4
6.5
.4
4.9
.5
8.6
.8
.7
11.2
.5
7.7
46.5
27.3
47.1
32.4
51.5
30.2
42.2
32.1
51.3
33.2
43.0
36.4
55.8
34.2
43.3
35.3
63.7
35.1
73.7
28.4
82.6
27.3
68.3
27.0
181.9
14.5
164.8
13.8
173.2
14.7
201.1
18.1
175.9
17.2
188.5
18.8
192.5
19.7
153.7
14.8
191.5
17.8
211.2
19.5
217.0
18 4
199.5
'11,346.8
' i 920. 0
67.5
44.7
76.4
44.5
60.3
33.0
79.5
48.9
85.8
53.7
100.5
73.2
98.6
77.0
129.4
102.1
139.4
105.4
174.9 ' 197. 7
125.1 ' 144. 4
143.7
108.7
'il, 448. 7
'11,145.7
2 602 3
113.2
93.5
240.8
108.3
88.7
252.6
108.7
89.5
236.0
125.0
103.1
210.4
122.0
102.0
241.5
114.0
94.2
216.8
127.2
102.8
209.5
139.9
114, 1
193.2
149.6
113.3
218.1
183.1 ' 230. 4
137.2 ' 177. 3
282.7
209.4
174.7
134.9
230.0
284.9
270.1
275.2
380.5
210.4
196.2
197.3
406. 6
247.8
177.4
219.1
307.0
355 6
9.3
.9
5.6
10.4
.9
4.6
8.5
.8
4.0
7.7
.9
3.9
9.7
.7
2.8
8.2
.8
4.3
13.1
1.0
9.0
9.2
1.7
4.0
8.0
1.0
4.6
MACHINERY AND EQUIPMENT
Foundry equipment (new), new orders, net
mo avg shipments 1957-59—100
Furnaces (industrial) and ovens, etc., new orders
(domestic), net
mil. $
Electric processing
do
Fuel-fired (exc for hot rolling steel)
do
Material handling equipment (industrial):
Orders (new) index seas adjl
1957 59 — 100
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-tvpe
do
Industrial trucks and tractors (internal combustion
engines) shipments
number
Machine tools:
Metal cutting type tools:f
Orders, new (net), total
Domestic
Shipments, total
Domestic
Order backlog, end of period
mil $
do
do
do
do
Metal forming type tools* t
Domestic
Shipments, total
Domestic
Order backlog, end of period
do
do
do
do
Other machinery and equip., qtrly. shipments:
Tractors used in construction:
Tracklaying total
mil $
Wheel (contractors' 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 $
279.9
179.3
23.9
95.9
300.5
140.7
112.3
171.6
11.0
.5
7.1
10.2
.8
7.1
12.7
.7
9.6
4.4
.5
1.1
206 1
197 9
186.7
189 6
189 1
243.7
242.8
227.1
184 7
272. 0
198.8
222.2
218.8
10, 390
12, 404
11, 133
12, 174
912
1,086
941
992
819
971
823
1,168
819
1,016
869
980
1,000
1,019
845
1,139
907
807
891
1,007
1,055
1,089
939
1,028
47, 043
41,996
3,406
3,418
3,367
3,746
3,559
3,279
3,824
3, 770
3,093
3,600
4,123
3,473
94.15
85.80
84.90
74.60
114.90 139. 75
104.65 125. 40
1, 032.0 986.4
90.10
78.40
105. 90
89.35
970.6
93.30
86.15
121. 30
109.60
942.6
97.75
81.85
127.60
114.90
912.8
105. 65
94.95
100.05
91.35
918.4
79.75
74.95
88.95
82.40
909.2
71.05
62.30
115.55
109.15
864.7
78.55 ' 97. 60
70.45 '88.60
107. 75 '103.55
100.90 ' 96. 50
835.5 ' 829. 6
108.10
96.05
131. 10
123. 45
806.6
22 80
20.40
32.15
27.95
203.7
19 70
17.05
28.15
24.90
195.3
22 50
18.15
29.10
25.50
188.7
28 80
25.70
34.30
28.55
183.2
29.75
27.30
26.95
23.50
186. 0
26 75
23. 40
32.90
30.40
179.9
22 75
20.90
26.90
24.95
175.7
56 35 '80 20
54.10 ' 76. 70
32.90 ' 26. 50
29.15 ' 23. 05
199.2 ' 252. 9
32 70
31.15
37.60
33.30
248.0
146 2
21.1
120.3
19.3
4
48. 2
4
34. 8
4
96. 2
4
58. 7
1,629.90
1,483.10
1,221.75
1,097.50
1 , 306. 7
88.35
75.50
1, 134. 95
80.15
64.20
1, 024. 65
1, 353. 20 137. 40 102.85
91.45
1 211 05 121. 40
1,088.5 1, 088. 5 1,061.1
445 72
401.35
463.45
436. 85
394 4
286 65
248 15
452. 75
406.90
228 3
33 25
27.20
39.45
35.15
228.3
i 476 0
183 6
i 7377 8
92 8
78 8
20 2
1412 9
i 7407 0
91 9
105 6
133 6
125 3
1 005 9
i 986 2
204 9
273.5
266 3
178.6
1 220 6
1 203 5
215 6
376 5
'341 7
268.1
32 124
32 061
3 179
3 852
2 736
2 215
2 119
1 809
2 101
2 450
9 098 fl
1 QftQ 7
173 5
191 6
IRQ 8
187 9
183 6
196 3
187 5
163 0
5 582 7
4, 446. 5
145 8
5 677 4
4, 376. 0
139 6
477 4
292.9
147 0
505 0
347.2
17K
497 8
376.4
164 1
565 1
377.4
177 6
471 8
324.5
156 1
464 6
330.2
256. 1
247.4
228 2
200.2
155.8
142.8
2,278
1, 066
1,463
798
1 787
919
2, 134
1,114
1,549
818
58 3
61 7
57 8
21 85
20.45
31,50
25.20
218.6
23 75
22 50
29.30
27.55
213 1
89.6
11.5
ELECTRICAL EQUIPMENT
Household electrical appliances:
Ranges, incl. built-ins, shipments (manufacRefrigerators 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.O do ..
Electron tubes and semiconductors (excl. receiving,
power and spec purpose tubes) sales
mil $
Motors and generators:
New orders, index qtrly
1947-49—100
New orders (gross) :
Polyphase induction motors 1 200 hp
mil $
D C motors and generators 1 200 ho
do
2 360 8
2,642 3
5
3
23 595
12,402
21, 698
10,881
1868 3
712 0
59 9
239
205
188
e 113 3
51 3
6
97 6
47 5
6
68
3
C
1
CfS 1
5
5
3 144
3 646
4 054
189 1
180 9
170 5
188 6
490 9
412.0
165 6
515.2
374. 3
114 1
551 1
431.3
182 2
642 6
445.1
176.0
194.8
275.5
1,682
905
2.009
s 1, 105
1,272
651
59 4
57 0
47 5
207
6
69
38
8
75
41
o7 5
36
5
3, 405
3,375
232 5
201 7
194 1
191 3
682 1
455.9
166.3
159 7
344.8
298.7
355.5
318.7
375.7
' 289. 2
257.6
274.4
1,875 5 2, 415
876 5 1, 237
1,950
1,156
1,982
1,063
8 2, 449
U,150
1,762
960
60 4
55.8
59.0
9.0
4 8
67.2
37
68.9
3.9
1,000
48
960
53
988
37
57 3
59 5
81
4 6
6
87
4 4
67 9
35
205
208
203
6
r
579
4 7
«8 1
4 0
853
49
1,016
47
6
89
4 4
6
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. sh. tons.. 12, 941
996
894
12, 256
897
Exports
do
25
766
28
48
595
Price, wholesale, chestnut, f.o.b. car at mine
$ persh. ton.. 12. 824
13. 825 13. 825 13. 867
Bituminous:
Production
thous. sh. tons.. 533,881 !'552,626 43,302 45, 180 43, 830
r
2
Revised.
i Revised total; monthly revisions are not available.
Total for 11 months.
3
Reported year-end stocks. See BUSINESS STATISTICS.
* For month shown.
5 Data cover
5 weeks; other periods, 4 weeks.
» Excludes orders for motors 1-20 hp.; domestic sales of
this class in 1967 totaled $110.5 mil.; Dec. 1968, $8.6 mil.
* Effective 1st quarter 1967, tractor
shovel loaders include types not previously covered and off-highway wheel tractors exclude
types previously covered.
» Data cover 6 weeks.
994
17
1,164
39
918
33
926
68
1,021
75
917
13. 867 13. 125 13. 125 13.475 13. 475 13. 825
47,510 47, 730 48, 830 40, 690 42,300 49,540 47,300 37, 540 •44,380 i 44,985 45,905
HData (back to Jan. 1965) reflect revisions and new seasonal adjustment factors.
tRevised series. Monthly data for 1956-66 are on p. 35 ff. of the Mar. 1968 SURVEY.
i Revised to include combination washer-driers.
O Radio production comprises table, portable battery, auto, and clock models; television
sets cover monochrome and color units.
13. 867
SURVEY OF CURRENT BUSINESS
February 1860
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
| 1967
Annual
1968
1967
Dec.
S-35
Jan.
Feb.
Mar.
Apr.
May
June
1969
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL— Continued
Bituminous— Continued
Industrial consumption and retail deliveries,
total 9
thous. sh. tons
Electric power utilities
do
Mfg. and mining industries, total.
do
Coke plants (oven and beehive)
do
Retail deliveries to other consumers
do
Stocks, industrial and retail dealers', end of period,
total
thous sh tons
Electric power utilities
do
Mfg. and mining industries, total
do _
Oven-coke plants
_ do. __
Retail dealers
_ _ _ _ _ _
do
Exports
_
do
Prices, wholesale:
Screenings, indust. use, f.o.b. mine
$per sh. ton__
Domestic, large sizes, f.o.b. mine
do
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 _ . _
486, 266
264, 202
201,490
95,892
480, 255
271, 784
190,905
92, 111
44, 035
24,631
17,247
8,165
47,344
26,646
17, 917
8,095
44, 525
25, 115
17,030
7,749
43, 186
24, 346
17.107
8,211
38, 734
21, 929
15,989
8,004
39,275
22, 574
16, 173
8,257
38,858
23,209
15, 125
7,960
40, 519
25, 126
14,882
7,941
41, 517
26, 530
14, 245
7,354
37,541
22,850
13,694
6,716
'39,736
23,764
'14,567
'6,700
41, 464
24, 781
15,303
6,817
19,965
17,099
2,148
2,780
2,380
1,730
773
471
475
465
681
943
1,357
1,339
74, 466
52, 895
21, 332
9,206
93, 128
69, 737
23, 212
10,940
93, 128
69, 737
23, 212
10, 940
86, 325
64, 269
21, 921
10, 422
82, 356
60,631
21,614
9,815
82, 724
60,750
21, 894
10, 492
87, 773 92,171
64, 121 68,213
23, 552 23, 833
11,882 11,994
93,487
69, 131
24,183
11,633
89,404
66, 417
22,801
10,321
91, 492
67, 529
23, 754
10, 545
96,220
70,633
25, 372
11, 209
91,966
68,880
22,885
9,540
90, 518
68, 613
21, 725
9,554
239
179
179
135
111
80
100
125
173
186
209
215
201
180
49, 302
49, 510
3,775
3,241
2,786
3,061
4,512
4,826
4,224
4,147
5,868
5,406
3,783
4,534
4.952
6.971
5.217
6.795
5.278
7.017
5.281
7.077
5,281
7.077
5.313
7.077
5.326
6.643
5.336
6.643
5.336
6.671
5.336
6.671
5.336
6.727
5,336
6.810
74
'73
' 5, 647 5,602
1,535
1,606
70
5,352
1,497
78
5,686
1,584
81
5,528
1,484
82
5,692
1,572
73
5,468
1,561
65
5,453
1,636
63
5,088
1,692
51
4,684
1,627
46
4,686
1,622
48
4,747
5,926
5,588
338
1,442
65, 959
17, 611
3,078
2,863
215
1,459
1,102
r
'806
63, 775
18, 187
5,467
4,961
506
1,364
710
5,467
4,961
506
1,364
46
5,375
4,879
495
1,342
78
5,226
4,766
460
1,297
83
5,016
4,579
437
1,304
65
4,740
4,240
501
1,218
47
4,525
4,152
373
1,219
54
4,336
3,992
344
1, 259
63
4,312
3,953
359
1,260
42
4,736
4,329
409
1,281
54
5,392
4,968
424
1,319
58
5,757
5,362
395
1,233
68
number.. 16, 780 ••115,329
2.93
$ per bbl__
3.02
mil. bbl._ 3,447.2 3, 582. 6
91
% of capacity. .
93
2,061
3.05
318.1
96
940
3.05
312.9
95
934
3.05
297.0
96
978
3.05
312.8
95
1,379
3.05
299.5
88
986
3.05
324.1
92
1,205
3.05
310.2
91
1,320
3.06
328.1
93
1,162
3.06
328.5
93
1, 350
3.06
312.4
92
319.5
91
4,435.6 '4,656.3 ' 408. 1
418.4
396.3
430.2
395.4
408.3
402.2
420.6
411.1
399.5
414.3
399.9
3,027. 8 '3,215.7 ' 276. 1
45.1
468.7
514.5
279.7
45.3
270.3
43.7
288.8
47.4
273.7
45.5
285.4
47.3
274.4
44.8
283.9
46.4
285.8
46.1
269.1
44.6
276.4
46.7
269.3
46.5
30.5
62.9
28.2
54.2
35.5
58.5
32.5
43.7
37.5
38.1
40.2
42.9
45.7
44.6
43.2
36.0
42.5
42.9
45.9
45.1
40.8
43.1
.
do__ _
do
do. _
do
do
_
82
4,249
99
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
...
Price at wells (Okla.-Kansas)
Runs to stills. _ _
Refinery operating ratio
All oils, supply, demand, and stocks:
New supply, total.
Production:
Crude petroleum
Natural-gas liquids, etc
[m ports:
Crude petroleum
Refined products
_
mil. bbl
do
do
_ _ do
do
Change in stocks, all oils (decrease,—)
do ._.
Demand, total
Exports:
Crude petroleum.
Refined products
Domestic demand, total 9
Gasoline.. __
Kerosene
do___
Distillate fuel oil
Residual fuel oil
Jet fuel
Lubricants
Asphalt
Liquefied gases
_ _
___
._
Stocks, end of period, total 1
Crude petroleum
_ _ _ _ _
Unfinished oils, natural gasoline, etc
Finished products. .
Refined petroleum products:
Gasoline (incl. aviation):
Production
Exports
_
Stocks, end of period
__
447.1
492.0
411.6
' 514. 3
37.5
49.4
38.1
63.0
'-8.8
-53.6
-26.9
18.1
16.9
31.6
29.7
31.1
19.6
21.9
9.1
4, 397. 5 '4,593.3 ' 416. 9
471.6
423.1
413.0
378.1
378.6
372.0
389.7
392.4
375.6
406.8
406.8
.1
26.5
'5.3
'85.5
4, 481. 2 '411.1
1, 842. 7 ' 150. 7
11.4
100.1
.2
5.6
465.7
147.8
16.3
.3
6.4
416.5
144.5
12.2
(3)
7.7
405.2
155.7
9.7
.1
6.9
371.1
162.7
5.6
.1
7.8
370.8
168.8
6.1
.2
7.5
364.2
166.4
5.1
(3)
7.0
382.7
180.5
4.7
.1
6.8
385.5
179.3
6.3
.1
7.4
368.1
159.8
6.9
.1
6.6
400.1
170.1
8.7
.4
6.6
399.8
158.4
10.5
-5.8
do
_ do. .
do
do .
do
1.5
70.9
4, 325. 1
1, 793. 4
101.1
do.___
do
do
797.4
626.4
244.4
' 818. 2
' 651. 9
300.8
93.4
63.2
26.7
117.8
84.4
26.1
100.7
69.1
27.2
85.4
63.9
27.9
60.1
51.5
29.2
56.1
44.5
27.8
47.9
48.2
28.8
46.0
45.9
28.8
49.5
42.6
30.9
53.6
48.3
29.4
62.3
50.9
32.0
76.4
57.6
28.6
do
do
do
48.9
134.1
323.9
'44.1
' 131. 1
' 344. 5
'3.4
4.4
36.6
3.8
4.0
42.5
3.8
4.2
36.6
3.9
5.5
33.1
4.3
9.3
25.8
4.4
13.1
27.5
16.2
25.4
19.9
28.1
20.0
27.8
17.5
27.1
17.0
32.9
3.8
9.0
36.4
do
do
do
do
874.5
238.4
2944.1
249.0
2
96.0
2 599. 2
944.1
249.0
96.0
599.2
890.5
244.9
93.6
552.0
863.7 ' 881. 7
245.3 256.9
96.2
94.3
524.1
528.6
898.6
262.1
100.7
535.8
930.2
262.0
106.8
561.4
959.9
264.9
104.2
590.8
991.0 1, 010. 5 1, 032. 5 1,041.5 1, 035. 7
262.8 266.3 271.6
265.8 266.4
102.7
98.4
104.2
101.5
99.9
641.5
671.2
621.0
673.7
664.2
do
do
do
1, 792. 6
3.8
194.2
1, 845. 8
4.9
208.0
165.8
'.2
208.0
159.4
.3
220.4
147.6
.1
224.2
153.4
.2
223.4
147.0
.3
209.5
160.7
.3
203.1
162.3
.1
201.0
170.3
.2
193.1
170.3
.1
186.1
Prices (excl. aviation):
Wholesale, ref. (Okla., group 3)
$ per gal. .
.114
.117
.115
.115
.110
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
$ per gal
.216
.226
.225
.229
.225
Aviation gasoline:
Production
_
mil. bbl
41.2
37.1
2.7
2.3
2.2
Exports
_
do
3.4
4.0
'.1
.1
.3
Stocks, end of period
do
7.8
7.9
7.9
7.6
7.8
Kerosene:
Production
do
102.1
100.4
10.6
10.3
9.7
Stocks, end of period
do
25.0
25.4
25.4
19.2
16.7
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gal. .
.104
.110
.112
.112
.112
r
Revised.
1
2
Annual total reflects revisions not distributed to the month ly data.
See n ote "1" for
this page.
s Less than 50 thousand barrels.
f Beginning 1967, data reflect change in reporting to show all stock s of unfi nished o ils,
natural gasoline, plant condensate, and isopentane as one item and stoc ks of "finished pr<3d-
1,185
167.2
.2
195.1
166.6
.2
193.2
.115
.120
.108
.115
.115
.115
.115
.228
.230
.232
.231
.230
.234
.234
.228
2.9
.2
7.6
2.4
.2
6.7
2.8
.2
6.6
2.5
.1
6.4
3.1
.2
6.4
2.7
.1
6.3
3.0
.2
6.3
3.0
.2
6.7
9.4
16.4
7.8
18.6
8.5
20.9
7.2
23.0
7.3
25.7
7.8
27.2
7.7
28.0
9.7
28.9
.226
.235
.112
.112
.115
.115 ' .115
.115
.111
ucts" £is anothe r (both iterns include stoc,ks at ref ineries, rlatural gas processing plants, terminals , and buIk statioris). Also as a res ult of increasei cc verage in certain bulk terminals,
stocks r of distill ate and r esidual 1 uels are on a neviT basis. I)ec. 1966 data on new basis (mil.
bbl.): Total sto cks, 881.1 ; distilla te, 158.1; residual, 63.9.
9In<eludes da ta not sh own sepsirately.
§ Inclu des nonrnarketable catalyst coke.
SURVEY OF CURRENT BUSINESS
S-36
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual
1968
1967
Dec.
February 1969
Jan.
Feb.
Mar.
Apr.
May
June
1969
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
Jet fuel (military grade only) :
Production
Stocks end of period
mil bbl
do
Lubricants:
Production
do
Exports
do
Stocks end of period
do
Price, wholesale, bright stock (midcontinent,
f o b Tulsa)
$ per gal
Asphalt:
Production
Stocks end of period
mil bbl
do
Liquefied petroleum gases:
Production
do
Transfer from gasoline plants
do
Stocks (at plants, terminals, underground, and
at refineries) end of period
mil bbl
Asphalt and tar products, shipments:
Asphalt roofing total
thous souares
Roll roofing and cap sheet
do
Shingles all types
do
Asphalt siding
Insulated siding
Saturated felts
do
do
thous sh tons
785 8
13 8
4.4
154 1
804 8
18 5
4.3
i 159 7
73 8
35
.4
159 7
.094
.100
.102
264 0
376.8
12 9
61.2
1 62
276.0
' r395. 9
21 9
!65 6
1 47
215 5
19.4
74 3
37
119 8
74 5
35
3
96 9
77 3
4 8
'2
93 5
102
102
.102
27 5
37.9
12
65 6
1 45
27 7
50 9
16
58 5
1 45
24 5
42 3
15
55 1
1 45
24 7
469 4
2
60 5
1 45
273 2
22 2
24 0
22 ^
24 1
22 9
23 8
23 0
25 3
22 8
65.4
17.1
12.7
64 9
'18.7
14 8
56
1.2
14 8
51
10
15 1
50
13
15 1
.270
270
270
270
270
129 6
17.3
127 8
19 9
69
19 9
64
22 7
62
25 0
60. 1
215 1
67 6
r 326 6
57
29 1
58
28 5
37 7
63 4
63 4
53 1
o
68 8
20
.2
115 8
69 1
25
.1
139 5
71 7
29
.1
168 1
102
105
.105
22 8
32 7
2l
62 8
1 45
22 7
27 8
2 2
66 9
1 45
19.7
30.9
2 2
67 6
1 45
26 5
23 1
27 3
25 2
5 4
17
15 0
55
15
14 7
270
66 0
22
.2
211 8
70 5
22
.1
191 4
66 1
2 4
.4
206 0
. 105
.105
.101
21 2
30.4
12
72 4
1 35
21 4
24 7
19
74 3
1 35
19 4
31.3
13
75 8
1 35
20.4
32.6
13
76.9
24 5
23 6
26 6
24 8
27 3
24 4
27 1
25 1
28 4
24 8
57
16
14 4
53
16
14 4
55
19
13 6
57
15
13 8
56
1.8
13 5
5.8
1.3
13 7
270
270
270
270
270
270
9
7 3
69
98
27 6
13 0
27 8
14 2
26 9
15 3
23 0
15 7
19 1
14 8
17.2
14 0
15 0
56
°8 0
63
30 4
57
28 8
68
29 8
6 0
27 5
63
29 1
63
28 6
5.7
28 6
5.5
30 0
48 2
50 7
59 1
67 7
74 7
80 4
85 8
91 1
65 1
2 8
101 2
90 1
r
69 363
28, 917
40, 446
76 500
30 509
45 991
4 126
1 881
2 245
4 689
2*0?5
2*664
4 217
1 873
2 344
4 309
1 874
2*435
5 901
2 316
3 585
7 061
2 577
4*484
8 219
2 957
5*955
8 020
3 000
5 020
8 086
3 169
4,917
8 343
3 346
4,997
554
539
880
468
445
876
30
17
57
31
13
70
26
14
64
23
26
60
30
36
71
29
44
78
36
45
81
30
43
77
41
46
81
44
42
82
55
53
89
r48
5 337
5,235
5,398
4 804
5,099
5,127
T 929
548
851
546
S 497 ' 6, 110
3,375 r 2, 549
5,122 r 3, 562
28
70
4,533
1,961
2,572
29
19
62
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulp wood:
Receipts
Consumption
Stocks, end of period
Waste paper:
thous cords (128 cu ft )
do
do
Stocks end of period
do
WOODPULP
Production:
Total all grades
thous sh tons
Dissolving and special alpha
do
Sulfate
do
Sulfite
do
2 56 797
2 56 259
2 6 529
54 921
55 257
5,859
4 123
4 333
5,859
4 180
4 g35
5 ?31
2 10 541
2 73g
9 733
602
753
609
2 36 640
2 1 527
2 23 562
2 2 748
35 487
1 447
22 593
2 669
5 026
5*037
5 415
3 865
4 200
4,249
4 795
5 060
4 776
4 823
4 932
4,766
4 973
4 755
5 017
5 047
5 021
5,008
4 933
4 733
5,274
859
542
4 806
4 713
5*398
004
526
QOO
510
859
518
899
518
870
493
761
535
885
510
850
513
2 563
119
1 751
206
3 139
135
2 Oil
226
3 044
149
1 960
205
3 270
142
2 096
226
3 180
131
2 053
216
3 277
164
2 076
217
3 207
132
2 078
213
9 997
131
1 913
191
3 290
150
2 113
209
3 053
133
1 953
197
3 360
151
2 180
214
3 190
166
2 074
204
367
130
309
348
136
296
368
133
319
359
128
297
340
131
291
363
137
318
344
128
298
363
136
316
355
104
287
756
334
349
74
783
345
362
76
795
339
382
73
838
369
397
73
797
323
404
71
801
344
383
74
746
315
364
67
787
346
371
r
Groundwood
Defibrated or exploded
Soda semichem screenings etc
Stocks, end of period:
Total, all mills
Pulp mills
Paper and board mills
Nonpaper mills
do
do
do
23 794
21
658
2
3 351
3 953
1*418
3 407
256
15
217
348
125
294
do
do
do
do
816
276
456
84
786
342
363
80
786
342
363
80
785
379
342
64
336
122
272
779
358
352
69
r 70
776
339
370
67
Exports, all grades, total
Dissolving and special alpha
All other,
do
do
do
1 572
563
1 009
1 710
607
1 102
156
57
99
139
48
91
155
57
98
155
50
105
153
63
90
172
66
106
127
39
87
179
49
130
176
72
103
163
66
97
128
32
96
165
65
99
191
64
128
Imports, all grades, total
Dissolving and special alpha
All other
do
do
do
3 355
293
3 065
3 162
265
2 898
252
26
226
269
27
242
977
25
059
280
23
257
315
29
286
305
23
283
311
20
290
292
23
270
283
23
261
258
26
232
304
27
277
299
19
280
346
38
308
A, 144.
4 1 en
9 070
370
4 99O
1 905
1 923
1 °.
379
4 197
1 834
1 966
^^
386
4 017 r 4 436
1 810 T i 975
1*808 r 2 044
12
12
r 406
386
4 134
1 858
1 898
11
366
r
r
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
47 189
Paper
do
20 631
20 341
9
Paperboard
do
2° 574
1 840
1w
i^
^Vet-machine board
do
Construction paper and board
do
3 831
3 678
New orders (American Paper Institute) :
All grades, paper and board
do
46 886
46 074
Wholesale price indexes:
Printing paper
1957 59 100
101 7
101 9
Book paper, A grade
do
115 1
117 6
Paperboard
do
97 1
97 3
Building paper and board..
do
92*. 6
9l'.9
T
Revised.
^Preliminary.
1
See note "5" for p. S-35.
2
Reported annual total; revisions not allocated to the months.
3
278
4 fiQQ
1 831
1 874
i^
320
328
4 ion
1 884
1 924
13
369
3 561
4 170
3 975
4 332
4 248
4 227
4 25?
3 940 '4 269
101 9
117 8
97 3
92.1
101 9
117 8
97 3
92.1
101 9
117 8
97 3
91.8
101 9
117 8
91 7
92.0
101 9
117 8
91 7
92.1
101 9
119 4
91 7
92.3
101 9
119 4
90 6
92.3
101 9
120 5
90 6
92.3
3
CQ9
1 644
1 659
19
QAQ
1 781
1 842
19
1 847
1 913
•10
1 849
1*938
iq
360
1 733
1 774
10
355
120 5
90 6
92.9
T
4, 074
100 6
121 0
90 9
93.5
r
4, 545 P 4, 211
Jan.
SUKVEY OF CURRENT BUSINESS
February 1968
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
Annual
1968
1967
Dec.
S-37
Jan.
Feb.
Mar.
Apr.
May
June
1969
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. tons _
Orders unfilled end of period
do
2,637
159
2,645
157
206
157
242
164
227
158
264
184
269
213
255
208
243
223
232
217
'226
'208
'229
226
'234
'215
"237
"224
do
do
2,641
2,633
2,659
2,658
202
203
237
237
224
222
244
250
250
247
249
248
242
240
221
224
233
225
226
'225
'251
'244
"239
"235
do
do
6,711
553
6,335
449
508
449
546
427
570
513
617
525
579
537
586
504
577
539
554
546
'564
'506
'560
'528
'639
'545
" 555
"508
do
do
6 511
6 511
6,332
6,332
508
508
534
534
544
544
567
567
568
568
580
580
572
572
526
526
'566
'566
' 557
'557
'618
'618
" 565
" 565
do
do
4,723
200
4,678
214
411
214
423
228
399
218
440
231
396
218
441
231
418
262
380
236
'425
'251
'437
'299
'431
'269
"408
"274
do
do
4,696
4,704
4,753
4,685
400
403
422
405
418
412
432
423
404
396
432
427
410
396
379
380
'409
'414
'419
'421
'415
'414
"410
"418
do
do
do
8,419
8 385
184
8,051
7,968
268
602
646
268
641
583
325
629
573
381
674
659
396
674
682
388
711
756
343
689
705
327
693
617
402
639
634
408
576
622
362
719
760
320
702
761
262
683
742
203
do
do
do
2,408
2,405
21
2,620
2,602
39
204
206
39
238
223
55
220
215
59
250
242
68
234
253
49
265
267
47
256
254
49
240
244
46
253
247
51
240
240
52
257
259
50
248
255
43
233
249
27
Consumption by publisherscf
do
Stocks at and in transit to publishers, end of
period
thous sh tons
6 898
6,907
587
518
523
604
586
622
579
509
559
599
645
652
630
681
630
630
617
613
584
605
626
623
681
704
659
660
628
633
Imports
. _
_
do
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
$ per sh. ton
6,991
6,599
531
537
460
531
594
581
544
542
505
451
568
514
636
136. 23
139. 95
141. 40
141 40
141. 40
141. 40
141. 40
141. 40
141. 40
141. 40
141. 40
141.40
449
724
446
92
444
618
439
87
405
648
421
78
429
661
408
89
481
714
482
92
494
733
480
90
497
767
480
90
488
778
489
91
510
826
489
433
847
421
513
877
497
470
895
469
536
921
512
511
966
502
454
869
518
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil. sq. ft surf, area
160, 452
162, 362
13, 081
13,432
12, 922
13, 763
14 289 14, 922
14, 416
13 477
15 316
15, 375
17, 191
15 121
13, 765
Folding paper boxes, shipments, index of physical
volume.1947-49— ino
134.1
134 1
132.5
126.1
128.6
138.7
139.6
131.6
129.4
145.2
142.2
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
-
Paperboard (American Paper Institute):
Orders, new (weekly avg.) - - thous. sh. tons
Orders, unfilled §
do
Production, total (weekly avg.)
do
Percent of activity (based on 6 5-day week)
135.6
467
894
509
158.6 P 135. 1
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous Ig tons
Stocks, end of period
do
Imports, incl. latex and guayuie
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
545 68
91 59
431 66
488 85
111 66
452 80
43 06
111 66
48 22
49 17
108 23
46 88
47 61
102 10
42 06
49 48
95 09
39 49
47 94
94 42
42. 17
49 61
92 64
42 72
46 22
92 07
36 73
41 00
99 57
51 26
46 27
103 02
46 06
49 05
107 19
63 30
53.85
'104 69
36 24
48.69
100 02
43.69
49.58
.236
.199
.175
.173
.164
.176
.179
.186
.213
.208
.210
.201
.215
.228
.228
1 969 97 1 911 87 185 10
1 666 06 1 628 26 143 83
348 69 369 94 369 94
178 79
162 92
360 °7
170 82
154 26
360 38
180 29
161.98
358 80
177 88
156. 04
357 83
184 77
162 82
354 33
173 42
153 23
364 32
171 58
135 49
375 64
178 63
153 92
374 65
172 89
158. 07
361. 12
'178 43
178. 40
'347 40
180 69
161. 55
348. 14
do
308 44
299 80
23 02
24 35
23 99
26 15
24 86
27 39
21 23
23 67
30 71
37 76
13 86
18 28
do
do
do
277 36
264 51
32 29
243 65
239 27
28 40
23 90
22 59
9g 40
23 76
23 07
28 04
23 94
22 85
29 78
22 71
23 51
28 58
22. 12
22 09
29 07
22 78
21 88
28 95
21 20
20 70
29 00
17 65
15 94
29 46
19 68
19 14
30 26
20 28
20 22
29 87
22 60
22 38
r 29 78
20.14
19 82
29 71
177 169 163, 192
15 664
17 594
17 118
18, 175
17 212
17 930
16 683
14 429
15 694
16 506
18 695
16 831
16, 186
173 464 172 947 '12 973 14 818
54* 680 47 617 ' 5 021 4 866
116' 348 123 205 r 7 748
9 757
2 125
2 436
196
204
13 538
4 585
8 755
16 740
5 465
11 099
19 059
5 603
13* 025
18 226
5*305
12 514
19 623
5 679
13* 681
15 450
5 899
9 372
13 832
4 898
8 743
381
15 78*?
2 986
12 561
235
15 235
2 542
12 399
176
18 427
5 265
12 782
198
18 876
5* 176
13*500
'200
264
178
190
41 916
43 742
42 369
41 817
40 689
39 485
39 969
38 719
39 698
42 127
397
37 930
'245
157
144
3 491
3 428
3 595
3 658
12 437 12 442
266
' 115
4 094
4 230
11 146
3 474
3 900
11 489
3 277
3' 031
11 828
.221
18 77
TIRES AND TUBES
Pneumatic casings, automotive:
Production,
thous
Shipments, total
Original equipment..
Replacement equipment
Export..
do
do
do
do
Stocks , end of period.
Exports (Bu. of Census)
do
do
42 569
2 051
34 732
1 450
34 782
121
76
do
do
do
do
42 765
44 222
11*996
1 100
39 775
41 691
11 005
3 314
3 026
11 005
4 078
4' 579
10* 790
.
Inner tubes, automotive:
Production. ...
Shipments
Stocks, end of period
Exports (Bu. of Census)
r
849
69
38 020
63
145
4 005
3 664
11 159
Revised.
* Preliminary.
cfAsreported by publishers accounting for about 75 percent of total newsprint consumption.
66
93
3 991
3 778
11 453
go
126
431
280
3 770
3 598
3 532
3 675
11 605 11 744
120
' 197
416
185
3 492
3 574
11 917
3 093
3 440
11 518
83
Q9
294
254
407
132
109
87
§ Monthly data are averages for the 4-week period ending on Saturday nearest the end of the
month; annual data are as of Dec. 31.
S-38
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
February 1969
1967
1967
Dec.
Annual
1968
Jan.
Feb.
Mar.
Apr.
May
June
1969
July
Aug.
Sept.
Oct.
Nov.
Dec.
39, 855
45, 358
30,954
22,760
672.0 ' 741. 0
18.3 r ••17.1
601.9
15.2
128.6
Jan.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement
thous. bbl
380, 694 374,017
21,305
17, 166
20, 204
26, 176
34, 426
37, 389
36, 876
41, 763
44, 106
471.1
14.3
92.2
360.1
13.5
82.9
500.6
600.0
16.0
132.4
710.5
14.6
160.0
734.9
687.1
16.8
154.2
727.2
13.4
103.1
708.1
18.2
168.5
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
7, 551. 7
mil. standard brick
Structural tile, except facing
thous. sh. tons..
267.4
Sewer pipe and fittings, vitrified
do
1,610.3
Facing tile (hollow) , glazed and unglazed
mil. brick equivalent
308.1
Floor and wall tile and accessories, glazed and un272.7
glazed
mil sq ft
Price index, brick (common), f.o.b. plant or
N.Y. dock
1957-59=100..
111.5
7, 117.4
234.5
1, 572. 2
15.8
159.7
16.9
165. 7
169.6
170. 3
240.1
18.3
14,4
14.6
18.0
22.4
18.8
17.4
19.0
17.8
18.8
'21.0
18.1
257.5
18.4
21.3
20 4
22.6
23 9
25.2
24.3
22.4
24 5
23.9
••24.5
21.2
113.3
114.9
115.3
115.4
115.8
115.8
116.1
116.5
116.8
117.6
117.6
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments .
thous. $
343, 138
331 976
93, 640
89,988
90,523
98, 252
do
do
136, 785
206 353
131 476
200 500
37,604
34, 335
55 653
29,684
60,839
35, 844
62 408
Sheet (window) glass, shipments
Plate and other flat glass shipments
Glass containers:
Production
thous gross
211 764
225 579
19, 073
20 584
(5)
(5)
20,068
20, 992
21, 757
21 909
23 054
21 368
22, 870
21, 125
204, 093
228, 766
25,647
25, 451
(5)
(5)
17, 146
18, 666
20, 017
21, 322
23, 576
21, 034
20,902
18, 721
21,605
23,631
2,204
2,260
(5)
(5)
1,591
1,930
1,886
2, 365
3,473
2,681
2,252
1,576
52 168
57 852
6,887
6,579
(5)
(5)
3,693
4,066
4,524
4 864
5,826
4,763
5,591
4,981
do
do
do
27 098
38 895
17 608
38 185
5,108
4,153
2 198
3 694
(5)
(5)
(5)
(5)
3,755
3,798
3,980
4,519
4 387
4,781
1 591
3,609
4,190
3,871
do
do
do
39 766
5 812
1 141
38, 516
5 664
958
4,386
4,898
600
111
608
96
(5)
(5)
(5)
do
30 084
22 546
22 546
17,568
(5)
5 479
9 647
4,722
9 393
1,372
2 348
2 233
1,402
2 582
1,604
2 768
do
8 434
7 879
1 812
1 923
2 155
2 330
do
do
4 693
322
4 511
293
1 185
69
866
73
1 487
78
1 369
77
do
do
680
899
561
813
118
189
130
184
137
196
143
215
1 079
949
7 089
243
190
1,560
59
226
1,771
52
249
2 048
73
2,326
Shipments, domestic, total
do
General-use food:
Narrow-neck food _
do
Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars)
thous gross
Beverage
Beer bottles..
Liquor and wine
.
Medicinal and toilet- _ _
Chemical, household and industrial
Dairy products
Stocks, end of period
56 036
44,501
19 459
5,040
2 276
1,304
4,331
1 323
4,577
1 465
4 684
4 983
1 349
(5)
(5)
(5)
2,657
2,638
2,649
356
42
339
58
2,696
(5)
16, 304
18, 407
19 936
5
( )
(5)
284
64
4,081
1 637
3,373
3,065
324
57
387
66
2,810
390
63
3,189
440
65
2,910
416
60
20 324
19 594
20 709
22,463
24, 593
1,802
\
3,268
1 639
GYPSUM AND PRODUCTS (QTRLY)
Crude gypsum, total:
Imports
Production
Calcined, production, total
thous. sh. tons
do
_
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
7,084
228
1,069
285
79
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills:
Production, total 9
_ mil. linear yd
Cotton
_
. .
do
Manmade
fiber
do
Stocks, total, end of period 9 d"
Cotton
Manmade
fiber
Orders, unfilled, total, end of period? f
Cotton
Manmade
fiber
.
12,689
8 866
3 571
11, 983
8 263
3 493
do
do
do
1,306
766
521
do
do
do
1
1, 126
i 753
i 353
U1154
749
i 383
1,317
837
465
1,317
837
465
3 222
2 408
746
3 190
2 060
1 045
3 190
2 060
1 045
9,562
7,435
9,575
7,455
983
651
314
953
621
313
1,287
821
451
1,270
811
443
1,240
784
440
3 047
1 915
1 036
2 860
1*734
1 032
2 814
1 666
1 054
729
* 7, 455
721
i 1,1 136
738
i 373
939
604
315
932
592
320
1,223
769
437
1,225
775
435
1 250
778
457
2 836
1 670
1 069
2 892
1 651
1 142
2 948
1 608
I 241
1
888
i 558
i 311
914
570
329
907
573
317
911
576
320
i 1 130
r i 709
r i 403
1 228
748
466
1 235
756
466
1,225
749
463
1,192
715
464
1,177
711
452
2 974
1 640
1 236
2 909
1 596
1 924
2 768
1 500
1 180
2 864
1 575
1 212
2 889
1 616
1 193
7
374
1,416
5 955
9,164 2 10, 030 3 10, 833
i 670
665
643
813
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
thous bales
Domestic cotton, total ...
do
On farms and in transit
.
do
Public storage and compresses. _.
do
Consuming establishments
do
Foreign cotton , total
do
9 647
20 265
20 186
1,121
17,639
1 426
79
9 215
14 563
14 472
1 509
11 369
1 594
91
2
6,933 3 7 264
i 825
14 563
14 472
1*509
11 369
1 594
91
* 7, 435
i 880
13 220
13 135
1 311
10 073
1 751
86
12 051
11 971
1 137
8 970
1 864
81
r
2
Revised.
i Data cover 5 weeks; other months, 4 weeks.
Ginnings to Dec. 13.
Ginnings to Jan. 16.
< Crop for the year 1967.
« Data not available owing to lack of
complete reports from the industry,
e Dec. 1 estimate of 1968 crop.
9 Includes data not shown separately.
cfStocks (owned by weaving mills and billed and held for others) exclude bedsheeting,
3
10 898
10 826
955
7 916
1 956
72
i 839
9 660
9 594
660
6 810
9 125
fifi
692
8 588
8 529
628
5 813
2 087
5Q
682
7 633
6 448
16 575
616
5 037
1 927
54
300
4 277
1 825
4fi
11 085
3 777
1 655
58
7*580
6*402
16*517
15 720
15 665
10 339
3 819
1 507
55
r
610,822
658
580
14 636 13 796
14* 575 13 746
3,360
6 268
6 890 «•T 8, 839
1 475
1 419
59
••56
13, 010
12,959
1,534
9,850
1,575
51
toweling, and blanketing, and billed and held stocks of denims.
IfUnfilled 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 CURRENT BUSINESS
February 1869
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
| 1967
Annual
S-39
196 8
1967
Dec.
Jan.
Feb.
Mar.
Apr.
June
May
1969
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. 12 markets ^ _ . 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
3,597
100
120.6
i 22.1
mil—
do-__
bil_.
do
do
Cotton yarn, price, 36/2, combed, knitting, natural
stock
$ per Ib
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.).
mil. lin. yd..
Orders, unfilled, end of period, as compared with
avg. weeklv production
No. weeks' prod..
Inventories, end of period, as compared with
nvg weekly production No weeks' prod-Ratio of stocks to unfilled orders (at cotton
mills), end of period, seasonally adjustedMill margins:*
Carded yarn cloth average
cents per Ib
Combed yarn cloth average
-do. Blends (65% polyester-35% cotton)
do
Prices, wholesale:
Print cloth, 39 inch, 68 x 72 cents ^er yard
Sheeting, class B, 40-inch, 48 x 44-48
do
4
4
4
3,973
169
i 25. 4
124.8
474
10
22.4
26.2
2
1,366
1,419
725
1,080
977
617
19.5
15.1
132.1
.509
102.4
20.0
14.4
126.2
.486
94.4
.949
.942
1 026
8,840
8,278
2 031
18.4
15.4
4.5
2
447
3
19.9
25.4
11.6
12.4
12.4
5.2
5.3
68
5.4
5.3
5. 1
5.0
.41
.42
.42
40
.42
44
.41
.40
36.13
90.48
65.97
36.77
91.98
63.25
37 30
92.91
63.85
37.73 38 00
94.40 390.13
62.84
63.69
37.85
90.58
64.04
38.10
91.72
62.24
39.03
93.31
60.31
40.80
95.20
60.51
42.02
98.55
60.68
17.0
19.0
17.0
18.9
17 0
18 9
17 5
18 4
17.5
18.4
5 573
6,200
4 026
16 599
8,812
10,040
3,614
15,804
8,486
11, 798
4,937
19, 925
r 17 0
5.0
4.9
5.2
.37
.42
.42
32.36
80.98
69.32
33.72
83.82
71.92
35.36
86.41
73.54
17 0
19 0
17 0
19 0
17 0
19 0
5.2
5.2
5.1
.25
.35
35
41. 95
95. 74
63. 29
37.75
75.60
54.47
s 18 4
2
2,035
2
17 0
18 4
17 3
18.4
1,211.8
198.3
183.3
1,229.6
183 3
176.7
1,303.5
204.7
180.4
1, 213. 9
334.3
1 119 8 344 9
82.4
308.8
375.4
365 8
89.0
410.4
359 8
99 4
423.7
392.6
102.1
7,205
7,944
3 953
20,668
7,910
9,100
4,579
20, 250
8 156
12, 338
5 921
16 848
8 Oil
9, 134
5 650
14 474
8 516
9 381
5 584
15 165
8,509
8,583
5 485
17 480
8 396
9,185
6 124
18 376
51.7
43.8
40.7
51.3
33.9
47 2
49.1
52.4
138 7
142.4
40.4
134 9
159 7
37.3
154 6
158 8
41.7
168.3
184.1
44.7
.61
.84
1.42
.61
.82
1.42
.61
84
1.43
.61
87
1.43
.61
85
1.43
.61
88
1.43
.61
87
1.43
1,284.7
465.4
210.4
86 5
1,310.5
460 1
203.1
88 0
1, 272 .9
454.2
191.0
85.7
1, 987. 0
565 1
649 6
677.7
659.5
600.2
1,169 6
159.5
340 3
178.0
408 8
173.5
430 6
157.7
422.2
412.5
110 5
112 7
117 8
106.0
mil. Ib
do
do
do
266.6
103 6
277 2
114.6
228.7
83 9
187 3
78 2
2
$ per lb._
do
do
1.349
1 171
1.259
1.215
910
1.153
1.165
835
1.162
20
9
19
9
2
2
1
0
3
2
19
7
21
8
1.178
825
1.175
1.190
825
1.175
1.208
820
1.175
89.9
90.2
90 7
19 7
75
23 5
90
19
7
21
7
1.165
825
1.175
1.165
825
1.175
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, American
system, wholesale price
1957-59=100
108.2
87.8
92.6
87.8
88.8
Wool broadwoven goods, exc. felts:
Production (qtrly.)
mil. lin. yd._
264.9
238.6
57.8
Price (wholesale), suiting, flannel, men's and
boys', f.o.b. mill
1957-59=100
102.7
100.5
100.5
101.7
100.5
2
3
' Revised.
1 Season average.
por 5 weeks, other months, 4 weeks.
Beginning
July 1968, average omits one cloth; July 1968 margin comparable with
earlier data, 95.52 cents
6
per pound.
* Average for Aug.-Dec.
« For ten months.
Revised total; revisions
not distributed by months.
IfFor the period Sept. 1967-Feb. 1968,14 markets; beginning Mar. 1968,12 markets.
2
24. 9
8.8
22 8
10.0
22. 7
90
24 0
12 3
2
4
2
7
7
62 0
2
3
2
2
2
2
2
19 9
274
25 3
14 0
19.0
72
19 2
9 7
17 8
71
20 6
12 5
r 229 5
r 2g g
17 7
92
71
16 4
9o
16.3
6 8
18 1
7 6
1.220
820
1.175
1.220
820
1.175
1.220
850
1.175
1.210
840
1.175
1.215
864
1.191
1.245
880
1.195
1.245
880
1.195
90 7
91.0
91 7
91.8
19
7
19
10
8
2
0
3
68 8
19.2
22 5
1,709
' 1, 934
3,980.6 1, 149. 2
734.7
205.9
603.4
181.7
4, 237. 3 1 1757
1 620 4 439 0
754.0 205 1
324 2
79 6
20.0
13.1
8.6
.428
5.6
12.4
12.3
12.2
.61
82
1.41
'20.0
13.1
'9.9
'.495
'6.5
16.8
12.7
13.9
.61
81
1.41
20.2
13.3
12.5
.502
2
8. 3
12.1
12.1
15.4
.60
81
1.41
80
149
419
1 037
1 040
1.070
.66
81
1.52
'93
'156
r
359
1 039
1 040
1 085
8 661
8,445
4 456
19, 519
114
160
308
1 040
1.065
1 081
8,155
6,077
4 978
22, 598
2
20.2
13.3
9.9
.495
6.5
20.1
13.6
10.3
513
6.8
8 782
5,910
3 065
14,972
276
1
21.6
22.7
20.2
13.5
10.1
.504
6.6
20.1
13.7
10.3
516
7.0
18.7
185
1
24.2
23.3
20.2
13.6
10. 5
419
2
6. 8
20.1
13.8
12. 5
.501
2
8. 5
20.1
14.0
10.3
.516
7.2
2
152
2
26.5
24.3
92
42
255
20.1
14.1
10.4
.519
7.2
20.0
14.4
11. 6
.465
2
8. 3
262
44
26.2
25.0
77
20
300
20.1
14.2
12. 7
.508
2
8. 9
2
213
20
26.0
25 0
295
20
364
92
27
436
98
122
617
357
2
20.0
24.9
277
2
20.8
24.8
90
41
492
85
83
595
Exports: Yarns and monofilaments
_ thous. Ib
98, 722 688,831
Staple, tow, and tops. __ __. _ _ do. _ 55, 622
78,293
Imports: Yarns and monofilaments
do
16 571 28 194
Staple, tow, and tops
do
177, 570 6 149, 672
Stocks, producers', end of period:
Filament yarn (rayon and acetate)
mil. lb_.
67.3
51.7
Staple, incl. tow (rayon).
do
70.1
43.8
Noncellulosic fiber, except textile glass:
Yarn and monofilaments _ _
do
150.2
138.7
Staple, incl. tow
do
129.8
142.4
Textile glass
fiber
do
42.5
40.4
2
OQO
3
21.1
24.9
108
62
549
84
98
614
Prices, manmade fibers, f.o.b. producing plant:
Staple: Polyester, 1.5 denier
$ per lb_.
.80
Yarn: Rayon (viscose) , 150 denier . _ __ do
.80
Acrylic (spun) , knitting, 2/20,3-6 D *. do. . . . 1.58
Manmade fiber and silk broadwoven fabrics:
4, 234. 1
Production (qtrly.). total 9
-mil. lin. yd
Filament yarn (100%) fabrics 9
__do
1 612.5
Chiefly rayon and/or acetate fabrics
do
735.0
Chiefly nylon fabrics.
do
335.4
Spun yarn (100%) fabrics (except blanketing) 9
mil. lin. yd._ 1, 907. 7
Rayon and/or acetate fabrics and blends
do— . 624.6
Polyester blends with cotton
do
1, 051. 2
Filament and spun yarn fabrics (combinations
and mixtures)
mil. lin. yd. . 479.4
406
3
19.6
25.1
436
3
19.4
25.2
96
122
628
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. total
mil. lb__ 3,860.1
Filament varn (rayon and acetate)
_ _. do_
799.8
Staple, in cl. tow (rayon)
do
659.2
Noncellulosic, except textile glass:
Yarn and monofilaments
_ _ d o _- 1, 164. 7
Staple, incl. tow
_
do
904.0
Textile glass
fiber
do_
332.4
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, H blood
Australian, 64s, 70s, good topmaking
331
10
27.6
27.0
1.245
.880
1.195
57 0
100.5
100.5
100.5
100.8
101.1
101.1
101.1
*New series. Beginning Aug. 1966, mill margins refer to weighted averages of over 70 types of
unfinished carded yarn cloths and to simple averages of 7 or 8 combed yarn cloths and of 3
polyester-cotton blends; no comparable data prior to Aug. 1966 are available. Spun yarn price
(BLS) available beginning Jan. 1965.
9 Includes data not shown separately.
SUKVEY OF CURRENT BUSINESS
S-40
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1968
1967
Dec.
Annual
February 1969
Jan.
Feb.
Mar.
Apr.
May
1969
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
16,587
Jan'
TEXTILE PRODUCTS—Continued
APPAREL
thous. doz. pairs
210, 425
223,482
15,371
16, 671
18, 197
19, 151
17, 107
18, 022
19,828
18, 331
19,858
19, 536
21, 632
20, 631
-. thous. units
. do
20, 495
4,052
19, 719
4,770
1,672
1,894
1,848
1,854
1,783
1, 272
1,856
1,836
'2, 352
297
365
1,810
311
1,716
337
1,870
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
13, 446
147, 246
13, 726
138, 571
1,079
10, 275
1,244
11, 738
1,151
12, 838
1,188
13, 237
1,263
13, 799
25, 598
22, 835
1,625
1,918
2,201
2,170
6,106
4,081
7,464
4,042
614
291
480
275
569
303
24 007
273, 080
10, 651
22 414
279, 864
7,983
1,624
18, 711
1,770
24, 379
2,098
25,047
16, 895
9 554
14,064
8 548
867
396
1,157
1,336
Hosierv, shipments
Men's apparel, cuttings:
Tailored garments:
Suits
Overcoats and topcoats
Women's, misses', juniors' outerwear, cuttings:
Coats
thous units
Dresses
do
Suits
do
Blouses, waists, and shirts
Skirts
thous. doz
do
599
847
522
290
989
628
363
318
408
1,256
14, 841
1,172
13, 828
793
12, 079
1,208
14, 418
2,118
2,109
2,061
1, 716
1,992
579
308
514
295
555
268
660
265
416
214
544
259
1,449
27, 376
1,060
1,209
28, 394
1,588
24,049
1,749
21, 034
1, 865
19, 136
2,108
21, 334
526
643
659
M66
660
1,410
1,455
1,271
1,142
1,201
622
714
426
649
742
646
788
854
420
395
304
1,074 '1, 367
13, 417 '14, 594
1,306
13, 038
1,858
'2, 312
1,982
676
268
'629
340
672
297
2,051 *2, 222
19, 892 '22, 984
1,886
19, 349
532
622
1,148
'1, 389
'773
1,204
'337. 7
'5, 782
53.5
413.7
6,845
160.7
645
628
550
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), qtrly. total
mil. $
U.S. Government
do
Prime contract
do
Sales (net), receipts, or billing"?, Qtrly. total do
U.S. Government
do
27, 233
16, 351
24 219
20 227
14, 530
26,900
18 538
24 423
23 444
16 334
Backlog of orders, end of period 9
do
U S. Government
do
Aircraft (complete) and parts
do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units, and parts
mil $
Other related operations (conversions, modifications) products services
mil $
27, 547
15 711
14,655
3 824
30
17
16
4
Aircraft (complete) :
Shipments ®
Airframe weight ®
Exports _ . - _ _ . .
936
950
401
252
7,468
5 550
6 813
6 666
4,556
i 7, 244
13,640
16 633
i 6, 321
i 4, 156
6,731
3,881
6,226
6,221
3,989
6,916
5,506
6 360
6,398
4,181
30,936
17 950
16 401
4 252
130,262
116,057
116,813
14 192
30, 589
15, 768
17,938
3 916
31,202
17 236
17,214
3 765
4,510
5 704
5,704
14,708
4,007
5,254
2 492
2 810
9 810
i 2 759
2 827
2 854
2 087 0
43, 983
553.7
2 981 5
56 739
786.5
381 2
6,645
95.3
337 9
6,043
127.5
354 6
6 359
145.6
357 0
6 671
78.7
373.4
6,858
115.4
391 4
6 931
130.2
339 5
5,831
125.8
406.8
6, 931
117. 6
340.3
6,005
121.7
311 6
5 668
94.1
10, 329. 4 8, 976. 2
9, 943. 4 8, 484. 6
8, 598. 3 7, 436. 8
8, 336. 9 7 070 2
1, 731. 1 1, 539. 5
1, 606. 5 1 414 4
957.8
903.9
813.9
768.5
144.0
135.4
937.5
889.3
787.0
747.2
150.4
142.1
847.6
801.4
703.2
668 2
144.3
133 2
968.0
917. 7
800.7
764 0
167.3
153 7
941.7 1, 103. 5
895.8 1, 051. 6
782.7
916.9
747.8
876 2
159. 0
186.6
147.9
175 4
990.1
945.8
813.7
781.6
176.4
164.3
773.1
744.8
624.6
605.4
148.5
139.4
292.1
274.7
193.1
182.6
99.0
92.1
816.9 1, 125 .2 1, 040. 7
984.3
769.4 1, 065 .2
935.2
876.6
656.4
831.0
889.5
620.0
164.1
190.0
160.5
175.8
153.3
149.4
do
thous Ib
mil. $
132.4
MOTOR VEHICLES
Factory sales, total
Domestic
..
Passenger cars, total
Domestic
Trucks and buses, total .
Domestic
thous-_
do
do
do
do
do
881.9 21,024.7
832.2
732. 1 2 846. 1
693.7
2 178. 6
149.8
138.5
Exports:
Passenger cars (new) assembled
To Canada*
Trucks and buses (new) assembled
do
do
do
177 58
114 32
78 64
280 58
236 64
82 24
37 13
31 61
6 15
35 09
2Q 90
5 99
29 34
25 29
7 29
30 92
27 99
7 63
29 90
25 65
8 40
30 19
27 62
7 82
26 12
23 22
6 84
15 35
13.63
6 07
8 29
6.86
5 41
27 71
23 60
8 84
30.32
26.24
7.83
36.28
30.79
10.03
30.96
26.00
9.67
Imports:
Passenger cars (new), complete units
From Canada*
Trucks and buses complete units
do
do
do
913 21 1 020 62
165. 36
323 55
42 96
75 07
110 67
40 71
8 88
145 98
48 28
9 23
121 37
31 22
9 74
112 32
34 12
8 09
117 33
34 32
6 20
157 10
49 07
6 93
139 11
50.91
9 93
139 32
32. 25
8 70
97 25
13.68
3 58
126 02
42.57
10 50
143. 10
54.54
13 60
154.81
55.67
13.95
164.36
51.65
11.99
Shipments, truck trailers:
Complete trailers and chassis
number
Vans
do
Trailer bodies and chassis (detachable), sold
separately
number
Registrations (new vehicles): O
Passenger cars
Foreign cars
Trucks (commercial cars)
thous
do
do
3
3
113 493
75 527
96 539
59 147
7 209
4 757
7 839
5 028
8 881
5 713
10 207
6 775
9 814
5 899
10 918
7 188
8 942
5 676
8,891
5, 529
9 526
6,439
9 544
6,475
'9, 980
7,036
9,803
6,922
18 402
27 497
1 447
2 063
2 1Q2
2 181
2 165
1 956
2 532
2 392
2 308
3 703
r
3, 769
3,969
93 008 5 3 g 357 4
658 1 3 779 2
1 610 4 3 i 518 4
737 9
67 1
121 4
a 657 9
"604 6
o 62 1
°110 9
725 0
75 5
131 7
859 4
824 3
a 82 4
a 78* 4
161 6
149 6
800 6
o 78 o
145 9
872 0
«79 5
161 9
744 4
«81.7
150 9
705 3
94.7
148 5
880.3
103.8
170 3
757.0
84.2
140.3
5 483
3 987
I 496
4 717
3 875
5 754
4 358
1 396
5 712
3 978
1*734
5 774
3 395
2 379
4 994
2 906
2 088
4 408
2 728
1 680
3, 499
2 476
1^023
3,760
2 488
1,272
4,448
3 062
1,386
4,533
3 319
1,214
4,097
2,670
1,427
4,536
3,706
3, 155
' 3, 032
4,323
4,223
'9,630
'7, 830
1 800
9,356
7,039
2,317
a 62 5
a
l!8 5
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments... __
Equipment manufacturers total
Railroad shops, domestic
number
do
do
90, 349
67 944
22 405
83 0%
64 775
18 320
842
r
830
New orders
Equipment manufacturers, total
Railroad shop*? domestic
do
do
do
99 828
73 185
26 643
53 703
38 468
15 235
8 209
4 450
3 759
4? 548
3 418
1 130
5 527
2' 727
2 800
3 860
3 380
3 294
2 502
792
3 233
3 197
480
4 057
2 686
1 371
2, 789
2, 586
36
203
123
100
*), 793
r
6, 775
3 018
Unfilled orders, end of period
Equipment manufacturers, total
Railroad shops, domestic
do
do
do
56 618
40, 426
16 192
24 917
14 276
10 641
24 917
14 276
10 641
24 893
14, 024
10 869
24 742
12 469
12 273
22 933
11 894
11 039
20 364
10, 862
9 502
19 281
10 496
8 785
17, 810
10, 969
6 841
16,948
10, 977
5, 971
16, 261
11,439
4,822
16, 229
12, 693
3,536
21, 400
16, 060
5,340
26, 939
21, 226
5,713
31, 740
24, 540
7,200
1 497
1 48^
'5 1
1 482
51
1 480
53
1 478
53
1 478
t 476
1 473
5 2
1 473
1 470
1 467
1 466
1 463
1 461
1,4-58
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
4.8
no -I a
93 71
91 58
93 I')
93 41
62.85
61.19
63.33
62.85
63.18
Revised, i Beginning 1st quarter 1968, value of new orders and backlog refers to orders
on a funded order basis for Government contracts and on binding legal documents (or equivalent) for commercial business. Revised 4th quarter 1967 figures, comparable with funded
data beginning 1st quarter 1968 (mil. dol.): Total net new orders 7,428; total backlog, 29,339.
2 Preliminary estimate of production. 3 Annual total includes revisions not distributed
Average per car
T
by months.
« Omits data for 1 State.
tons_
5.2
5.2
5.2
5.2
5.4
5.4
5.2
5.2
5.2
93.82
93.84
03 69
93 83
93 66
93 72
93 68
93 80
93 57
93 55
64.34
64.23
64.12
63.' 84
63.90
63.' 75
63.40
63.55
63.66
63.30
9 Total includes backlog for nonrelated products and services and basic research.
© Data include military-type planes shipped to foreign governments.
*New series;
source, Bureau of the Census.
O Courtesy of R. L. Polk & Co.; republication prohibited.
^Excludes railroad-owned private refrigerator cars and private line cars.
INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
Construction and real estate
Domestic trade
1-7
7-9
9,10
10-12
Labor force, employment, and earnings
Finance
Foreign trade of the United States
Transportation and communications
12-16
16-21
21-23
23,24
Industry:
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
24,25
25,26
26-30
30
Lumber and products
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
31
31-34
34,36
36,37
Rubber and rubber products
Stone, clay, and glass products
Textile products.
Transportation equipment
37
38
38-40
40
INDIVIDUAL SERIES
Advertising
10,11,16
Aerospace vehicles
40
Agricultural loans
16
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
Balance of international payments
2,3
Banking
16,17
Barley
27
Battery shipments
34
Beef and veal
28
Beverages
4,8,11,22,23.26
Blast furnaces, steel works, etc
5-7
Bonds, outstanding, issued, prices, sales, yields
18-20
Brass and bronze
33
Brick
38
Broker's balances
20
Building and construction materials
7-8,
10,31,36,38
Building costs
10
Building permits
10
Business incorporations (new), failures
7
Business sales and inventories
5
Butter
26
Cattle and calves
28
Cement and concrete products
9,10,38
Cereal and bakery products
8
Chain-store sales, firms with 11 or more stores...
12
Cheese
26
Chemicals
4-6,8,13-15,19,22-25
Cigarettes and cigars
30
day products
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 place
9
Consumer credit
17,18
Consumer expenditures
1
Consumer goods output, index
3,4
Consumer price index
7,8
Copper
33
Cora
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, and intermediate-term
17,18
Crops
3,7,27,28,30,38
Crude oil and natural gas
4,35
Currency hi circulation
19
Dairy products
Debits, bank
Debt, U.S Government
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drug stores, sales
3,7,8,26,27
16
18
11,12
16,17,19
16
26
2,3,18-21
11,12
Earnings, weekly and hourly
...................
14, 15
Eating and drinking places
....................
11, 12
Eggs and poultry
.........................
3,7,28,29
Electric power
...........................
4,8, 25,26
Electrical machinery and equipment
............
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
............
4, 8, 26
Gasoline
.....................................
1,35
Glass and products
...........................
38
Glycerin
.....................................
25
Gold
........................................
19
Grains and products ..... .
.............
7, 8, 22, 27, 28
Grocery stores
...............................
11, 12
Gross national product
........................
1
Gross private domestic investment
..............
1
Gypsum and products
.........................
9, 38
Hardware stores
..............................
11
Heating equipment
...........................
9, 34
Hides and skins
.............................
. 8, 30
Highways and
roads
..........................
9, 10
Hogs
........................................
28
Home electronic equipment
....................
8
Home Loan banks, outstanding advances
........
10
Home mortgages
.............................
10
Hosiery
.....................................
40
Hotels
......................................
24
Hours of work per week
.......................
14
Housefurnishings
.......................
1,4,8, 11, 12
Household appliances, radios, and television sets .
4,
8,11,34
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, life
................................
18, 19
Interest and money rates
......
................
17
Inventories, manufacturers* and trade
..........
5, 6, 12
Inventory-sales ratios
.........................
5
Iron and steel
............
4,5-7,9,10,19,22,23,31,32
Labor advertising index, strikes, turnover
16
12, 13
Labor force
Lamb and mutton
28
28
Lard
33
Lead
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
Nonferrons metals
4, 9,19,22,23,33
NoninstaUment credit
17
Oats
27
Oil burners
34
Oils and fats
8,22,23,29,30
Orders, new and unfilled1, manufactures*
6,7
Ordnance
13-15
Paint and paint materials.
Paper and products and pulp
8,25
4-6,
9,13-15,19,23,36,37
Parity ratio
7
Passports issued
24
Personal consumption expenditures
1
Persona] income
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.
2,20
Plastics and resin materials
25
Population
12
Pork
28
Poultry and eggs
3,7,28,29
Prices (see also individual commodities)
7-9
Printing and publishing
4,13-15
Profits, corporate
2,19
Public utilities
2-4,8,9,13,19-21
Pullman Company
24
Pulp and pulpwood
36
Purchasing power of the dollar
9
Radiators and convectors
34
Radio and television
4,10,11,34
Railroads
2,15,16,19,20,21,24,40
Railways (local) and bus lines
23
Rayon and acetate
39
Real estate
10,17,18
Receipts, U.S. Government
18
Recreation
8
Refrigerators and home freezers
34
Rent (housing)
7
Retail trade
5,8,11-15,17,18
Rice
27
Roofing and siding, asphalt
36
Rubber and products (inch plastics)
4-6,
9,13-15,23,37
Saving, personal
Savings deposits
Securities issued
Security markets
Services
Sheep and lambs
Shoes and other footwear
Silver
Soybean cake and meal and oil
Spindle activity, cotton
Steel (raw) and steel manufactures
Steel scrap
Stock prices, earnings, sales, etc
Stone, clay, glass products
Stoves and ranges.
Sugar
Sulfur
Sulfuric acid
Superphosphate
2
17
19,20
20,21
1,7,13
28
8,11,12,30
19
30
39
31,32
31
20,21
4-6,8,13-15,19,38
34
23,29
25
24
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
9,11,12,37
Tobacco and manufactures
4-6,9,11,13-15,30
Tractors
34
Trade (retail and wholesale)
5,11,12
Transit lines, local
23
Transportation
1,2,8,13,23,24
Transportation equipment
4-7,13-15,19,40
Travel
23,24
Truck trailers
40
Trucks (industrial and other)
34,40
Unemployment and insurance
U.S. Government bonds
U.S. Government
Utilities
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and
Veterans' benefits
Wages and salaries
Washers and driers
Water heaters
Wheat and wheat
Wholesale price indexes
Wholesale trade
Wood pulp
Wool and wool manufactures
Zinc.
12,13,16
16-18,20
finance
18
2-4,9,13,19-21,25,26
fruits
flour
34
11,12
29,30
7,8
16,18
2,3,14,15
34
34
28
8,9
5,7,11,13-15
36
9,39
33
POSTAGE AND FEES PAID
U.S. GOVERNMENT PRINTING OFFICE
UNITED STATES
GOVERNMENT PRINTING OFFIC
DIVISION
OF PUBLIC
DOCUMENTS
WASHINGTON, D.C. 20402
First-Class Mail
OFFICIAL BUSINESS
MAJOR BUSINESS INDICATORS: ANNUAL SUMMARY, 1964-68
1964
1965
1966
1967
1968
632.4
684.9
747.6
789.7
860.6
401 2
94 0
85
128.7
432 8
108 1
69
137.0
465.5
120 8
5.1
156.2
492.2
114 3
48
178.4
533.8
127 7
2.0
197.2
Gross natl prod total (bil 1958 dol )
581 1
617 8
657.1
673.1
706.7
National income (bil $)
518.1
564.3
620.8
652.9
712.8
Item
i
National Income and Product
Gross national product, total (bil. $)
Personal consumption expenditures
Net exports of good*5 and services
Govt. purchases of goods and services..
Personal Income
497.5
538.9
586.8
628.8
685.8
Wage and salary disbursements, total.
Other labor income
_ __ ..
Proprietors* income
Rental income of persons
333.7
16.6
52 3
18 0
358.9
18.7
57 3
19.0
394.6
20.8
60.7
19.8
423.4
23.3
60.7
20.3
463.5
26.1
62.9
21.0
Dividends
Personal interest income
Transfer payments
Less personal contributions soci'-il insur
17
34
36
12
19
38
39
13
8
7
9
4
21 7
43 1
43 9
17 8
22 9
46.8
51 7
20 4
24 6
52.1
58 6
22 9
519.5
566.1
609.3
665.4
Total (bil $)
Total nonagricultural income (bil. $)
8
9
7
5
480.9
New Plant and Equipment Expenditures
All industries total (bil $)
44 00
51 96
60 63
61 66
64 53
M ami facturing
_
Durable goods industries
Nondurable goods industries ... __
18 58
9 43
9 16
22 45
11 40
11.05
26.99
13 99
13.00
26.69
13 70
13.00
26.78
13.58
13.19
Mining
Railroad
Transportation other than ran
Public utilities
Communication .
Commercial and other
1 19
1 41
2 38
6 22
4 30
10 83
1 30
1 73
2 gi
6 94
4 94
11 79
1 47
1 98
3 44
8 41
5 62
12 74
1 42
1 53
3 88
9 gg
5 91
12 34
1 49
1 51
4 46
11 38
6.26
12 65
Manufacturing and Trade Sales,
Inventories, and Orders
Sales, total (bil. $)
884 2
963 3 1 046 2 1 067 5 1 163 5
Manufacturing, total
. .
Durable goods industries
Nondurable goods industries
448 0
235 6
212 4
492 0
266 6
225.5
538 5
295 6
242.9
548 5
299 7
248.9
603 7
331 0
272.8
Retail trade, total
Durable goods stores
Nondurable goods stores
261 9
84 6
177 3
284 1
94 2
189 9
304.0
98 3
205 7
313 8
100 2
213 6
339 8
110 3
229 5
Merchant wholesalers total
Durable goods establishments
Nondurable goods establishments
174 3
75 7
98.6
187 1
82 7
104.4
203 8
91 0
112.7
205 2
90 4
114.7
219 9
100 0
119.9
Inventories, book value, end of year, unadjusted, total (bil. $)
110 3
119 6
135 5
142 2
151 8
Manufacturing, total
Durable goods industries
Nondurable goods industries
63 2
38 2
25 0
68 0
41 9
26 1
77.9
49 5
28 4
82 6
53 2
29 3
88 1
56 9
31 2
Retail trade, total
Durable goods stores
Nondurable goods stores
30 2
12 9
17 3
33 5
14 8
18 7
37 1
16 8
20 3
38 0
16 8
21 2
41 3
18 8
22 5
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
16.9
9 g
7 3
18.1
10 3
78
20.5
11 8
87
21.6
12 3
93
22.4
13 0
q 3
1
Preliminary.
tfData
are for fiscal years ending June 30.
1964
1965
1966
1967
1968
455.4
243.1
212.3
501.6
275 8
225.8
551.2
308.5
242.7
651.1
302.3
248.9
607.2
334.5
272.7
57 6
54.8
2 8
67.2
64.0
31
79.9
76.9
3.0
82.5
79.5
3.0
85.9
83.0
3.0
108.1
109.9
113.1
116.3
121.2
100.5
102.5
105.9
106.1
108.7
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
158.1
159.7
163.7
154.6
123.8
184.9
165
167
170
163
126
202
66.2
45.8
26.3
20.4
72
50
26
22
3
3
3
1
75 1
51 1
24 0
24 0
76 2
50.6
23 7
25.6
84 6
57.0
28 8
27.6
73.1
69.3
38
5.2
74 5
71 1
34
4 5
75.8
72 9
29
38
77.3
74 4
30
3.8
78.7
75.9
28
3.6
58.3
60.8
64.0
66.0
68.1
12.8
40.7
13 4
41.2
14 3
41.3
14.3
40.6
14.5
40.7
2.53
2 61
2 72
2.83
3.01
Consumer credit (short- and intermediate-term), outstanding, end of year:
Total (bil. $)
Installment
80.3
62 7
90 3
71 3
97.5
77 5
102.1
80 9
113.2
89.9
Federal finance (bil. $):d*
Budget receipts and expenditures:
Receipts, net
Expenditures and net lending, total-
112 7
118.6
116 8
118 5
131 0
134.6
149.6
158.4
153.5
178.9
Money supply, etc. (av. of daily fig.1
(bil. $):
Money supply, total
_ __ _ _
Currency outside banks
__ __
Demand deposits. .
_. _ _ _ _
Time deposits adjusted (bil. $)
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
173.3
187.6
42.0
145.5
192.2
26.5
18.7
27.5
21.4
30.3
25.5
31.5
26.8
34.4
33.1
Item
i
Manufacturing and Trade Sales,
Inventories, and Orders — Continued
Manufacturers' orders (bil. $):
New (net), total .
-_ _
Durable goods industries
Nondurable goods industries
Unfilled, end of year, unadjusted
Durable goods industries
Nondurable goods industries
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
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
Foreign Trade
Exports, incl. reexports (bil. $)
General imports (bil $)
_.
@FedFRASER