Full text of Survey of Current Business : January 1963
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
JANUARY 1963
survey of
CURRENT
BUSINESS
U.S. DEPARTMENT OF COMMERCE
OFFICE OF BUSINESS ECONOMICS
SURVEY OF CURRENT BUSINESS
VOL. 43, NO. 1
JANUARY 1963
U.S. Department of Commerce
Luther H. Hodges
Secretary
Office of Business Economics
M. Joseph Meehan
Director
Contents
PROGRESS OF THE AMERICAN ECONOMY IN 1962
PAGE
New Records Reached
Louis J. Paradiso
Managing Director
1
Increases in Major Markets—Rise in Income Stimulates Purchasing—Employment Up, Unemployment Down—Easier Financing—Balance of Payments Deficit Persists but Is Lower.
K. Celeste Stokes
Statistics Editor
NATIONAL INCOME AND PRODUCT IN 1962
Continuation of Cyclical Recovery
„«.....
Auto Sales Pace Rise in Consumer Expenditures
Investment Moves Ahead-—but Lacks Strength
Government Spending Buttresses Expansion
Murray F. Foss
Editor
4
5
..
5
7
National Income Mirrors Rise in Activity. * ,
..
Financial Markets Generally Easy—-Break in Stock
Market a Feature of Year.*.
8
9
INDUSTRIAL PRODUCTION—EMPLOYMENT—PRICES
Industrial Production Up 9 Percent for Year. * . . . . . . .
Employment Rise Levels Off After Midyear
»....
Price Level Inches Up—Industrial Prices Steady .. *
THE BALANCE OF PAYMENTS
Some Improvement but Another Large Deficit in 1962
,
II
13
15
17
CURRENT BUSINESS STATISTICS
General...
industry
Subject Index,
«
S1-S24
S24-S40
Inside Back Cover
Billy Jo Dawki
Graphics
STAFF CONTRIBUTORS
TO THIS ISSUE
National Income and Product
Frederick M. Cone
Lawrence Grose
Robert E. Graham
John A. Gorman
Production—Employment—Prices
Francis L. Hirt
L. Jay Atkinson
Carl E. Jones
Balance of Payments
Walther Lederer
Samuel Pizer
Subscription prices, including weekl;
statistical supplements, are $4 a year fo
domestic and $7.50 for foreign mailing. Singl
issue 30 cents.
Make checks payable to the Superintenden
of Documents and send to U.S. Governmen
Printing Office, Washington 25, B.C., or t
any U.S. Department of Commerce Fieli
Office.
U.S. DEPARTMENT OF COMMERCE FIELD OFFICES
Albuquerque, N. Mex.f U.S. Courthouse.
Phone 247-0311.
Atlanta 3, Ga., Home Savings BIdg., 75 Forsytb St.,
NW. JAckson 2-4121.
Boston 10, Mass., Room 230, 80 Federal St. CApitol
3-2312.
Buffalo 3, N.Y., 504 Federal BIdg., 117 Ellicott St.
TL 3-4216.
Charleston 4, S.C., Area 2, Sergeant Jasper BIdg., West
End Broad St. Phone 722-6551.
Cheyenne, Wyo., 207 Majestic BIdg., 16th St. and
Capitol Ave. Phone G34-2731.
Chicago 6, 111., Room 1302, 226 W. Jackson Blvd.
ANdover 3-3600.
Cincinnati 2, Ohio, 809 Fifth Third Bank BIdg., 36 E.
Fourth St. DUnbar 1-2200.
Cleveland 1, Ohio, Federal Reserve Bank BIdg., E. 6th
St. and Superior Ave. CHerry 1-7900.
Dallas 1, Tex., Room 3-104 Merchandise Mart. Riverside 8-5611.
Denver 2, Colo., 142 New Custom House. KEystone
4-4151.
Detroit 26, Mich., 438 Federal BIdg. WOodward 3-9330.
Greensboro, N.C., 407 U.S. Post Office BIdg.
B Road way 3-8234.
Honolulu 13, Hawaii, 202 International Savings Bidg.
Phone 58831
Houston 2, Tex., 5102 Federal BIdg,, 515 Rusk Ave.
CApitol 8-0811
Jacksonville 2, Fla., 512 Greenieaf BIdg. ELgin 4-7111.
Kansas City 6, Mo,, Room 2011,911 Walnut St. B Altirnore 1-7000.
Los Angeles 15, Calif., Room 450, 1031 S. Broadway.
Richmond 9-4711.
Memphis 3, Tenn., 212 Falls BIdg. JAckson 6-3426.
Miami 32, Fla., 14 NE. First Avenue. FRanklin 7-2581.
Minneapolis I, Minn., Room 304, Federal BIdg.
Phone 339-0112
New Orleans 12,La.,333St. Charles Ave. Phone 529-2411.
New York 1, N.Y., Empire State BIdg. LOngacre 3-3377.
Philadelphia 7, Pa., Jefferson BIdg., 1015 Chestnut St.
WAlnut 3-2400.
Phoenis 25, Ariz., 230 N. First Ave. Phone 261-3285.
Pittsburgh 22, Pa., 355 Fifth Ave. GRant 1-0800.
Portland 4, Oreg., 217 Old U.S. Courthouse BIdg.
C A pital 6-3361.
Reno, Nev., 1479 Wells Ave. FAlrview 2-7133.
Richmond 19, Va., 2105 Federal BIdg. Phone 649-3611.
St. Louie3, Mo., 2511 Federal BIdg. MAin 1-8100.
Salt Lake City 1, Utah, 222 SW. Temple St. DAvis
8-2911.
San Francisco 11, Calif., Room 419 Customhouse.
YUkon 6-3111.
Savannah, Ga., 235 U.S. Courthouse and P.O. BIdg.
A Dams 2-4755.
Seattle 4, Wash., 809 Federal Office BIdg., 909 First Ave,
Mutual 2-3300.
Progress of the American Economy in 1962
i
N 1962 the American economy average for the postwar period. Alachieved new records in sales, produc- though there was an improvement in the
tion, employment, and income as it balance of payments deficit, a sizable
continued to recover from the recession excess of payments over receipts perof 1960-early 1961. The trend was sisted. Private domestic investment,
upward throughout the year though
there was a slowing down in the rate of PURCHASING POWER
Continued To Riseadvance in the second half. Personal
Up 6 Percent in 1962
income reached its high point in
December at a seasonally adjusted Billion $ (ratio scale)
annual rate of $450% billion, up $2% 500
PERSONAL INCOME, TOTAL
billion from November, and $20 billion
(Annual Rate)
or 4J£ percent over December 1961.
Most of this was a gain in real income.
The gross national product last year 450
advanced to $554 billion, an increase of
$35 billion or almost 7 percent over the
previous year. This rise in output
resulted in a record flow of income to 400
consumers and reflected new peaks in
consumption a,nd government expenditures.
With the labor force, the stock of 350
capital, and productivity continuing to
Resulting in a Cfimb of 7 Percent
rise, the Nation's enlarged ability to
in Retail Sales
produce was a key factor in holding
down the rise in overall prices, in the Billion $ (ratio scale)
face of the sizable increase in demand
RETAIL STORE SALES, TOTAL
that occurred. About $28 billion of the 22
$35 billion GNP rise represented an increase in physical volume—a gain of 5%
percent over 1961. The 1% percent 20
GNP price rise was about the same as
the overall price advance that had taken
place in the previous 3 years.
Despite these gains a number of the 18
problems that have characterized the
economy in recent years remained.
While increased employment opportunities brought about a reduction in the
1960
1961
1962
1963
volume of unemployment, the number
Monthly,
Seasonally
Adjusted
of persons out of work in relation to the
63-1-1
labor force remained well above the U.S. Department of Commerce, Office of Business Economics
moreover, continued below the volume
necessary for a vigorous expansion of
the economy.
Increases in all markets
Sales to all major markets—consumers, business, government, and
foreign—increased over 1961, with
consumers and government showing
the largest dollar increases over the
previous year. As a stimulus to the
economic advance in 1962 the rise in
government expenditures was of prime
importance, in view of the moderate
gains shown in private in vestment,
which presented a somewhat mixed
picture.
It was a good year for residential
construction but business plant and
equipment, although up from 1961,
continued low in relation to GNP.
Because of this the Federal Government undertook a number of measures
during the year aimed at stimulating
this important segment of demand.
Exports rose to a peak last year but
imports increased more, so that the
net merchandise balance was lower
than in 1961. Finally, personal consumption expenditures moved ahead
under the influence of rising disposable
income, continued growth in services,
and a sharp rise in automobile expenditures over the previous year.
Large rise from 1961 low point
Measured from the low point of the
previous recession, early 1961, the
cyclical advance in economic activity
in 1961 and 1962 has been of substantial magnitude. By the fourth quarter
of 1962 the GNP had increased by $61
billion or 12 percent. Personal income
SURVEY OF CURRENT BUSINESS
was up by $47 billion, nonfarni employment by 2 million persons, and industrial
production by approximately one-sixth.
Gains within the year were less
than in 1961, when there were sharper
advances characteristic of an initial
recovery period, and somewhat irregular. Business inventory policy,
influencing steel buying in particular,
at first stimulated but subsequently
depressed output and income, while
automobile purchases moved erratically
upward over the year, being unusually
strong in the fourth quarter when the
new 1963 models made their appearance,
Throughout the period government
buying was a steadily increasing source
of demand.
in marked contrast with the year
before, which had seen increases in
successive quarters, as output moved
sharply up from the earlier cyclical low.
During 1962 there was essentially no
change in profits from the fourth
quarter 1961 rate, as business gross
margins were under pressure from the
keen competition that characterized
most markets. Under the circumstances the moderate production gains
during the year were apparently notlarge enough to offset the increases in
such cost items as depreciation and
taxes, which have been showing a
secular rise through the postwar period.
Income at peak
Higher output brought employment
to a new high last year and an improve-
With production of goods and services at a new high in 1962, the flow of
income also reached a record. Personal
income totaled $440 billion, a gain of
$24 billion over 1961. All types of
income were up over the year with
wages and salaries accounting for $17
billion of the rise. Government payrolls expanded by some $4 billion while
the remainder was divided about equally
between commodity-producing and
other private industries. Transfer payments also bolstered the flow of buying
power. Although social security and
other benefits continued to rise, the
reduction in unemployment brought
about a decline in unemployment
benefit payments, so that the advance
in total transfers in 1962 was smaller
than in the previous year.
The flow of labor income within the
year brings into clear focus the slowing
down in the rate of the production
advance. From December 1961 to
June 1962, wage and salary disbursements increased by $8% billion at a
seasonally adjusted annual rate. From
June to December, by way of contrast,
wages and salaries increased by less
than $4 billion, and of this amount,
$2 billion represented an increase in
government payrolls.
Employment up, unemployment
down
NATIONAL OUTPUT
Moved Up Throughout the Year With a
5 1/2 Percent Gain Over 1961
Billion
1962 $ (ratio scale)
600
GROSS NATIONAL PRODUCT
(Annual Rate)
550
ment in the unemployment situation.
The expansion of the civilian labor force
was smaller than usual. It rose by
about 400,000 to a total of almost 72
million while employment advanced
1 million and unemployment fell by
800,000 from 1961. Hours of work
were up for the year as a whole, but
the increase in manhours was less than
the output advance, implying a considerable increase in productivity.
As with most measures of economic
activity, employment gains after midyear were quite small. Seasonally
adjusted employment in nonfarm establishments rose by about 60,000 from
June to December, after having risen
by 1 million in the preceding 6 months;
almost all of the second half employment gain was in government and
services.
The unemployment rate for the year
as a whole averaged 5.6 percent of the
civilian labor force, as against 6.7
percent the year before. Unemployment showed most of its improvement
in the current recovery from the late
fall of 1961 to the middle of last year
but changed little thereafter.
Financing ivas easier
500
I I i
i l
450
I t
Employment Advanced Relatively Less but
There Was a Large Expansion in Income
Billion $
(ratio scale)
Million Persons
350
Nonfarm Payrolls and Other
Labor Income (annual rate)
65
(left scale)
300
60
55
" \
Employees in Nonagncultural
Establishments
250
50
(right scale)
Profits at a new high but under
pressure
Corporate profits after taxes rose by
$2.7 billion over 1961 to reach a record
total of $26 billion. The course of
profits within the year, however, was
January 1968
1
}
I
1960
I
I I
1961
I
I I
1962
I
I I
1963
Balance of payments deficit reduced
Quarterly, Seasonally Adjusted
Data: BLS & QBE
U.S. Department of Commerce, Office of Business Economics
Monetary authorities maintained an
adequate volume of bank reserves
during most of the year to facilitate the
growth in bank credit and there was
only a small rise in short-term interest
rates, part of which was dictated by
balance of payments considerations.
With the supply of long-term funds
more than ample for the modest increases in business fixed investment,
consumer durables, and home purchases,
there was a slight downward movement
in long-term interest rates over the
year.
The break in the stock market was
sharp and disconcerting, but it did not
result in prolonged major repercussions on business activity. At the low
point of the market decline in June,
following the break in May, stock prices
were 25 percent below the high reached
in late 1961. The recovery late in the
year brought yearend quotations to
within 15 percent of the earlier peak.
63—1-2
Last year the balance of payments
deficit was reduced to approximately
SURVEY OF CURRENT BUSINESS
January 1963
$2 billion from $2K billion the year
before. The favorable balance on goods
and services was actually somewhat
less than in 1961. Although exports
rose to a new high, the increase in
imports occasioned by the rise in
domestic output was larger than the
export rise.
There were a number of factors that
served to offset the less favorable trend
Government Purchases Have Been in
Forefront of the 1962 Demand Advances
Billion $ (ratio scale)
120
GOVERNMENT PURCHASES OF
GOODS AND SERVICES
110
100
90
80
60*
GOVERNMENT
PAYROLLS
50
40
i i i I i i i I
Jj
i 1 i i i ii i1 I i ii
1957
58
59
60
61
62
63
Quarterly, Seasonally Adjusted, at Annual Rates
U.S. Department of Commerce, Office of Business Economics
63-1-3
in the balance on goods and services.
These included (1) a smaller outflow
than in 1961 in U.S. private capital.
While there was some increase in domestic purchases of foreign securities,
U.S. direct investments abroad were
off somewhat and there was a sharp
drop in the outflow of private shortterm capital. (2) There were sizable
advance repayments on postwar credits
and (3) some reduction in net military
outlays abroad.
U.S. gold stock declined about $0.9
billion for the year as a whole, about
the same as in 1961 but less than the
heavy outflow that occurred in 1960.
Yearend position
At the close of the year the overall
demand for the Nation's output continued to move up. On balance the
increase was not sufficient to take up
all of the slack in the labor force and
plant capacity.
The record flow of income was providing the basis for a peak volume of
consumption expenditures. December
auto sales were good—560,000 units—
bringing the total for the fourth quarter
to 1,945,000 or roughly 7 million units
on a seasonally adjusted annual basis;
this was the best sales rate since the
final quarter of 1955. Moreover, late
in the year consumers were making
freer use of credit for autos and other
purchases than they had at any time
since 1959.
Government purchases of goods and
services were on the rise and were expected to move up still further in the
months ahead. On the basis of the
President's Budget Message in January,
Federal expenditures in fiscal 1964 were
expected to exceed those of fiscal 1963
largely as a result of rising defense expenditures. Furthermore, outlays by
State and local governments were continuing to move ahead in line with their
long-term postwar rise.
According to the survey reported in
December businessmen were planning
to make a small reduction in their plant
and equipment expenditures early in
1963, after a 6-quarter rise that leveled
off in the second half of 1962. The
slow growth of output after the middle
of the year, the leveling in aggregate
profits and shrinking margins throughout 1962, and the persistence of excess
capacity apparently have offset the
effects of increasing replacement requirements and the continuing need by
business to cut its operating costs
through plant moderization.
In this connection a favorable factor
is the incentive to investment currently
being provided by the investment credit
legislation of last September and the
liberalized depreciation regulations of
last July. The effects of both of these
may be expected to be increasingly felt
as the year progresses.
Housing expenditures were showing a
somewhat erratic course. They fell
more than seasonally in the fourth
quarter, after rising in the spring and
summer, but were expected to pick up
again this winter, after seasonal adjustment. The expected near-term
pickup reflects an improvement in
housing starts in October and November, with apartment house construction
especially strong. Ample supplies of
credit for builders and home purchasers,
some reduction in interest rates, the
advance in incomes—all against a background of rising family formation—were
favorable factors in the current housing
picture.
Businessmen continued to be cautious
with respect to their inventory policy,
even though stocks appeared low by
most postwar standards. Manufacturers, for example, held a lower volume
1962 Investment Was Higher Than in 1961
but Moved Downward Due to Reduced
Inventory Accumulation
Billion $ 1962
100
GROSS PRIVATE DOMESTIC
INVESTMENT AND NET EXPORTS
OF GOODS AND SERVICES
90
80
70
60
50
1957
58
I
I
I
40 /ju.
59
60
61
62
63
Quarterly, Seasonally Adjusted, at Annual Rates
U.S. Department of Commerce, Office of Business Economics
63-1-4
of steel than they did the year before,
when the steel consumption rate was
lower. Retail stocks of autos were
quite low as a result of the high rate of
sales in the fourth quarter, and could
be expected to rise somewhat in the
immediate period.
National Income and Product in 1902
Moderate Expansion Follows Initial Cyclical Recovery
Some of the 1962 data on the national accounts presented in this issue are
preliminary. The more complete set of tables with revised figures will appear
as usual in the February issue of the SURVEY.
E
OR the year 1962 gross national product aggregated $554 billion, as compared with $519 billion for calendar
1961. The year-to-year increase in real
output—about 5% percent—represented
a marked improvement over the gains
achieved in the preceding 2 years. It
was, however, short of the 8 and 7 percent gains for 1955 and 1959, respectively, when business was recovering
from cyclical declines considerably more
severe than the 1960-61 recession.
Paralleling the rise in gross national
product, national income rose from $428
billion to a new high of $458 billion.
Corporate profits, reflecting recovery
from the cyclically low 1961 figure of
S45K billion, rose 12 percent to an
estimated total of $51 billion, substantially exceeding the previous high
of $47 billion reported for 1959. Compensation of employees rose by 6% percent ; with the exception of farm income,
which was little changed from 1961,
other forms of income showed modest
improvement in 1962. Personal income was up almost 6 percent for the
year as a whole, though the rate of increase slowed considerably during the
latter half of 1962.
The GNP trend within the year was
upward, but at an irregular pace. The
$7 billion increase for the fourth quarter,
at an annual rate, followed a modest
rise of $3 billion in the preceding quarter, and brought the yearend rate to
$562 billion. This was nearly $25 billion, or 4% percent, higher than in the
final 1961 quarter and over $60 billion,
©r 12 percent, higher than in the openIng quarter of that year, when general
business activity was at a cyclical low
point. As prices have been relatively
stable over the past 2 years, most of
the recent increases have represented
advances in real terms: real output of
goods and services in the fourth quarter was 3 percent above a year ago and
10 percent above the first quarter of
1961.
GNP-CHANGES IN MAJOR COMPONENTS,
1961-62
Rise of $35 Billion in Total Mostly in
Consumer and Government Purchases
Billion $
- 5 0
5
10
15
20
25
I
I
I
I
I
30
35
T
GNP
Personal Consumption Expenditures
\
Durables
\
Nondurables
\
Services
Gov'f. Purchases of Goods and Services
\
Federal
\
State and Local
Residential Construction
Change in Business Inventories
Net Exports
U.S. Department of Commerce, Office of Business Economics
63-1-6
Activity through
highlights
the
year—some
The year started off against a background of swift recovery in 1961, which
included an unusually large spurt in
fourth quarter sales and profits. This
favorable experience gave rise to expectations in the early part of 1962 that
the advance in the ensuing 12 months
might be about as large as the year
before. The actual first quarter performance, however, brought lesser gains
than the fourth quarter. Housing outlays,
which had increased sharply late in 1961,
fell, durable goods consumption expenditures changed little, and plant
and equipment expenditures rose only
slightly. It was during this quarter
that inventory accumulation reached
its peak, as steel producers, distributors,
and steel consumers of all types stockpiled steel in anticipation of a strike at
the beginning of the spring quarter.
The second quarter witnessed a sizable advance in final sales as auto and
housing expenditures both improved
over their winter performance. Production rose less than sales, however.
Inventory accumulation was considerably less than in the early part of the
year as steel users cut back sharply
their purchases of steel with the signing
of the steel wage contract in March,
causing a sharp reduction in steel
output.
It was toward the end of the spring
quarter that slowing down in the tempo
of the advance became most noticeable.
The stock market, which had been
declining since the end of 1961, underwent a very sharp reduction at the end
January 1963
SURVEY OF CURRENT BUSINESS
of May and continued to fall through expenditures continued their steady
most of June. Most business indicators postwar expansion with an $8 billion
turned distinctly lower during June as increase, only a little more than the
an initial reaction to the uncertainty 1960-61 rise.
that followed the market decline. The
next few months witnessed a rebound
PRODUCTION OF ALL TYPES
in activity but the gain in final sales
Was Higher in 1962 Than in 1961 ...
was of modest dimensions and was offBut Durable Goods Output Leveled
set in part by a further decline in the
Off Early in the Year
rate of inventory accumulation.
The final quarter of the year witnes- Billions of 1954 $ (ratio scale)
sed a further rise in activity, with GNP
registering a somewhat larger advance
Total Gross
than in the previous quarter. Of 500
National Product
particular significance was the sharp
pickup in auto sales. Government
400
outlays were still on the rise. The
Cuban crisis, in late October, if anything, had a firming effect on govern- 300
ment defense outlays. On the other
hand, private investment was not 250
showing much strength—as plant and
200
equipment outlays appeared to have
Services
leveled out. The decline in inventory
investment seemed to have slowed 150
considerably, with the elimination of
Nond
the excessive steel stocks that had been
built up during the spring, but business
100
inventory policy still remained conservative.
Sharper Rise in Consumer
Spending
Consumer spending in 1962 was
about in line with the increase in
income. Disposable income—income
after tax available for spending or
saving—was up by $19 billion, or 5
percent, to $382% billion. Virtually
all of this additional income was
spent by consumers—the total of personal consumption expenditures rose
by $18K billion to $356% billion in
1962, a 5% percent increase. With
consumer prices averaging but about 1
percent higher than in 1961, consumption was 4% percent higher in real
terms. In 1961 the rise had come to
about half of this amount.
Contributing heavily to 1962's better
showing was a $4 billion increase in
consumer spending for durable goods,
mainly autos, which in 1961 had declined by over $1 billion. Spending for
nondurable goods rose by $6% billion
in 1962, about $3 billion more than the
increase in the prior year. Service
50
35
,1
in!
1957
58
i i Ii i i I i ii
59
60
61
62
63
Quarterly, Seasonally Adjusted, at Annual Rates
U.S. Department of Conjrnerce, Office of Business Economics
63-1-5
Except for some slowing in spending
in the third quarter of 1962, associated
with inadequate dealer inventories of
new cars rather than with a fall-off of
demand, consumer purchases expanded
at a steady rate throughout the year,
and the quarterly increases were in the
$3-$5 billion range at seasonally adjusted annual rates.
Auto sales: A big year
Automobiles were a standout in the
sales picture last year. For the }^ear
as a whole, consumers expenditures for
new cars and accessories were up by $3
billion to a $20 billion total. Sales
improved considerably in the closing
quarter of 1961 with the introduction of
the 1962 models, and the high rate of
sales was maintained with some quarterly variation during the remainder of
the 1962 model run, which extended
through August of 1962. There was a
perceptible pickup in sales volume when
the 1963 models appeared in quantity
at dealers' show rooms late in September, and fourth quarter sales rose to
new highs although the trend within the
quarter was slightly downward.
About 6.8 million domestically produced cars were sold in 1962, over 20
percent above the 5.6 million sold in the
prior year. Forty percent of the cars
sold last year represented compacts or
intermediates, compared with 36 percent in 1961. As the year closed,
dealers7 new car inventories amounted
to slightly over 800,000 cars, about the
same as at the end of 1961, but sales
were running about 10 percent above
1961 yearend levels.
Expenditures for furniture and household appliances also moved up in
1962, but the year-to-year gain was
small—3 percent—as compared with
other expenditure categories. More
impressive were the facts that by yearend the gain from the first quarter of
1961 had cumulated to 11 percent, and
that, after a poor showing in the first
half, outlays in this area rose sharply
in the third and fourth quarters of
1962.
*Nondurable expenditures
consumer incomes
up with
Consumer outlays for nondurable
goods continued to parallel the rising
trend in consumer incomes as they
normally do. Expenditures were up
4K percent for the year as a whole, with,
little divergence among the individual
categories. The rate of increase was
particularly high in the first quarter of
the year and, apparently, rather low in,
the fourth quarter when automobile
sales were proceeding at a very higk
rate.
Investment Trends
For the year as a whole, gross private
domestic investment at $76 billion was1
10 percent higher than in 1961. Despite
the fact that on a year-to-year cornparison, investment outpaced total out-
SUEVEY OF CURRENT BUSINESS
6
PERSONAL CONSUMPTION EXPENDITURES
• All Major Groups Rose in 1962 Over 1961
• Durables, Due to Autos, Show Largest
Relative Increase
Billion $ (ratio scale)
500
400
300
200
Nondurable Goods
100
Services
80
60
Durable Goods
40
30
III I I I I
» I I I II III
lull
58
59
60
61
62
63
Quarterly, Seasonally Adjusted, at Annual Rates
1957
U.S. Department of Commerce, Office of Business Economics
63-1-7
put, it nonetheless accounted for less
than 14 percent of the total in 1962 as
compared with 15 percent in 1959 and
over 16 percent in 1955. Moreover, all
of the 1961-62 rise in investment expenditures was achieved by the end of
1961. In only one quarter of last year
(the second) did investment exceed
that of the closing quarter of 1961, and
then by only a small margin.
Inventory picture mixed
Although business investment in inventories in 1962 did not differ much
from 1961, the quarterly movement last
year was almost the reverse of the 1961
pattern. The first quarter of 1961 was
one of fairly heavy liquidation of stocks
and their subsequent rebuilding was a
powerful stimulus to expansion in overall output during the balance of the
year. In 1962, on the other hand, over
half the total accumulation occurred in
the opening quarter. In subsequent
quarters, business progressively reduced
its rate of accumulation until by the
yea-rend little or no net stock building
January 1963
was going on. Thus from the first
quarter of 1961 to the same quarter of
1962, changes in inventory investment
added $10 billion to the rise in overall
output, but in the ensuing three quarters lower inventory investment cut
output by almost $6 billion at an annual
rate.
The threat of a steel strike exerted
an important effect upon the inventory
movement during the year. In the first
quarter, durable goods manufacturers
sharply increased their inventory building to a rate unequaled since the quarter following the settlement of the 1959
steel strike. This more than offset a
shift from accumulation to liquidation
in retail trade outlets.
In the second quarter, durable goods
manufacturers greatly reduced their
rate of accumulation, more than enough
to offset modest increases elsewhere in
the economy. The continued decline
in the rate of inventory accumulation
during the rest of the year was more
general in character. By the year's
end, inventories were generally low
relative to the volume of activity, particularly in the durable goods industries.
the increase was in the equipment area,
as nonresidential construction activity
was little affected by the short 1960-61
cyclical decline and there was little of
the recovery element in the minor
increases recently shown in this field.
Overall, the rate of increase was highest
in late 1961 and early 1962. The fourth
quarter of 1962 was little changed from
the third quarter and the OBE-SEC
survey of capital expenditures pointed to
a decline for the opening 1963 quarter.
Business outlays for new plant and
equipment continue to lag in the growth
of the economy. At 9 percent of total
GNP, there has been no relative improvement since 1958, when activity
was depressed during much of the year,
and the ratio is well below that of
nearly 11 percent recorded in 1956 arid
1957. While outlays in the industrial,
transportation, and public utility fields
continue to run below their high points
of the middle or late 1950's, activity in
the commercial and service areas continues to grow. Outlays in this latter
area, which represented only one-third
of all fixed business outlays in early
1961, have accounted for nearly twoRise in business fixed investment thirds of the total increase since that
slows
time. The higher rate of growth in
Business expenditures for fixed invest- this area obviously reflects to some
ment during 1962 were 9 percent higher degree the growing importance of
than in the preceding year. Most of services in the economy.
Table 1.—Key Income and Produet Data, 1960-62
[Billions of dollars]
1960
Gross national product _. _
__
Personal consumption expenditures
Autos and parts
All other
Gross private domestic investment
Residential construction
__ _
Business fixed investment
Change in business inventories _ — . _
Net exports of goods and services
Government purchases
.
Federal only
..
_-_
1961
19621
1961
IV
1962— Seasonally adjusted at
annual rates
I
II
III
IV i
503.4
518.7
553.6
538.6
545.0
552.0
555.3
562.0
328.5
18.8
309.7
338.1
17.2
320.9
356.7
20.0
336.7
346.1
19.4
326.7
350.2
19.1
331.1
354.9
20.3
334.6
358. 2
19.3
338.9
363.5
21.5
342.0
72.4
21.1
47.3
4.1
69.3
21.0
46.0
2.1
76.2
23.1
50.0
3.1
76.6
22.8
47.8
6.0
75.9
21.2
48.1
6.7
77.4
23.3
50.1
4.0
76.3
24.3
51.0
1.0
75.0
23.7
50.9
.5
2.9
99.7
53.2
4.0
107.4
57.0
3.1
117.6
62.6
3.8
112.1
59.5
3.7
115. 2
61.9
3.7
116.0
62.1
2.5
118.2
62.7
2.5
121. 0
63.7
Gross national product in constant (1962) dollars
515.8
525.5
553.6
543.7
548.4
552.6
554.2
National income 2
415.5
427.8
457.5
444.0
448.9
456.7
459.8
N.A.
293.7
45.6
76.2
302.2
45.5
80.1
321.6
51.0
84.9
309.9
51.1
83.0
315. 2
50.4
83.3
321.7
50.7
84.3
323.8
51.0
85.0
325. 8
N.A.
86.8
Disposable personal income 2
349.4
363.6
382.7
372.6
375.6
381.8
384.1
389.3
Disposable income in constant (1962) dollars 2
355.5
367.2
382.7
375.0
377.5
382.3
383.7
387.3
._.
Compensation o f employees
Corporate profits 2 ..
.
All other2
___
_.
. __ _
__.
. _. ._
1. The figures for 1962 and its fourth quarter are based on incomplete data.
rill be published in the February SURVEY.
Final figures in the usual amount c
559.1
SURVEY OF CURRENT BUSINESS
January 10(58
New incentives to investment
The low volume of fixed business
investment in the past few years
reflects in part the existence of substantial excess capacity in many industries, and the adverse effect on profit
margins of the fixed charges associated
with such unutilized capacity. During
the year the Federal Government took
steps to stimulate new investment
through new regulations and legislation.
In mid-1962 the Treasury issued
revised guidelines for depreciation. The
effect of this measure was to allow
business to depreciate equipment at a
faster rate, thus decreasing tax liabilities and increasing business cash flow.
Tentative estimates by the Treasury
indicate a reduced tax liability for
businesses of about $1 billion on this
account. In addition to this measure,
an investment incentive tax credit
program was approved later in the year.
INVENTORY INVESTMENT (GNP Basis)
• Declined From Yearend Bulge
• Durable Goods Account for Most of Shifts
Billion $
12
TOTAL
••
-4 —
12 —
"I
.illI
DURABLE GOOD'S
T
111
r
NONDURABLE GOODS
• •••!-•,••
I960
1961
1962
Quarterly, Seasonally Adjusted, at Annual Rate
U.S. Department of Commerce, Office of Business Economics
63-1-8
The tax saving resulting from this
program is also tentatively estimated
at $1 billion for 1962. Since both of
these measures were promulgated in the
last half of the year, their effect on
investment during the year just closed
could not have been important, but it
is believed that 1963 investment will
respond favorably.
DOMESTIC FIXED INVESTMENT
Housing activity fluctuates at high
point
50
The value of new residential construction put in place advanced from
$21 billion in 1961 to a new high of $23
billion for 1962. After allowance for a
moderate price advance in recent years,
the 1962 output about matched that of
1959, the previous high year. Following a poor first quarter, attributable in
part to unfavorable weather in parts of
the country, activity advanced sharply
in the second quarter, moderately in the
third— a high, for the year of more than
$24 billion. On the basis of incomplete
data, a minor decline is indicated for
the fourth quarter.
Last year's rise in housing expenditures reflected a continuation of the
very erratic rise in housing starts that
began in 1961 . In that year, seasonally
adjusted starts had climbed irregularly
until the autumn but declined markedly
for several months thereafter, probably
as a result of severe winter weather.
Last spring saw a recovery to a very
high rate of starts, with April and May
averaging in excess of 1.5 million units,
at a seasonally adjusted annual rate.
The trend was generally downward
until September and was reflected in a
minor decline in the GNP residential
construction component in the fourth
quarter. With starts up again in
October and November, at approximately the May peak in the latter
month, a high level of activity seems
assured for early 1963.
For the year as a whole, private nonfarm starts totaled 1.4 million units, 11
percent higher than 1961. Most of this
increase was in the apartment house
component, which rose to a new high
of more than 400,000 units. Single
family dwellings were little changed at
1 million units, as compared with a high
of 1% million in 1959.
Applications for FHA and YA fi-
Plant and Equipment Outlays and Residential
Construction Moved Up in 1962
Billion (1954) $ (ratio scale)
FIXED INVESTMENT
(annual rate)
80
70
Iota
60
\^^-^,'-^7/ s-'"
40
Business Fixed
(Plant and equipment)
30
20
Residential Construction
10 I ...
I ... 1. . . I ... I .
Total Still Accounts for a Smaller Share of
Output Than in 1957
Percent
20
FIXED INVESTMENT AS A PERCENT
OF TOTAL GNP
Total
\
•••••
Business Fixed
10
"^
/_,_
Residential Construction
\
0
i i i I i i i I i i i I i i i I i i i I i i i i i »
1957
58
59
60
61
62
63
Quarterly, Seasonally Adjusted
U.S. Department of Commerce, Office of Business Economics
62-1-9
nancing have trended slightly downward during the year. With private
mortgage money abundant and somewhat cheaper, the comparative advantage of the government-sponsored programs has diminished somewhat in
recent months.
Government Purchases
Continue Rise
To an important extent the continued
rise in GNP from the beginning of 1962
to date has been dependent on the
steady rise in government purchases of
goods and services. For the year as a
whole these expenditures, at $117%
billion, were $10 billion higher than in
1961, with the increase about equally
SURVEY OF CURRENT BUSINESS
January 19G3
previous year's total. Department of
Defense purchases of hard goods, and
supplies and materials increased approximately $3 billion, while military
payrolls were up nearly $1 billion.
Other defense programs showed little
change.
Federal purchases other than defense were $1 billion higher in 1962
than in 1961. This increase is largely
accounted for by an increase in the Federal Government payrolls, reflecting
both an increased number of employees
and the general wage rate increase
which became effective late in 1962.
Total Federal Government expenditures on the National Income Accounts
basis advanced by $7% billion in 1962.
This was a somewhat smaller rise than
took place the year before mainly because of the lesser increase in transfer
payments.
Federal Government receipts increased even more than expenditures,
resulting in a decline in the Federal
deficit on a National Income and Product basis as compared with 1961.
Under the revised depreciation guidelines and the Revenue Act of 1962, the
revenue losses to the Treasury may
reduce or eliminate this indicated decline in the Federal deficit, when the
corporate tax returns for 1962 are
incorporated into the accounts.
The growth in State and local purchases continued in 1962; the $4%
billion rise indicated for last year
compares with $4 billion in 1961 and
only $3 billion in 1960. As in the case
of the Federal Government, the increase was largest in the latter half of
the year. A particularly sharp increase in the fourth quarter was concentrated in highway expenditures, and
may have resulted from the fact that
winter weather was late in coming to
many parts of the country.
out the year, falling margins prevented
total corporate earnings from showing
much improvement, and at yearend,
profits were only a little higher than in
the final quarter of 1961. Thus, the
share returned to capital in the form of
profits continued the downward drift
relative to corporate output that has
been evident over the past decade.
In contrast to the changes in corporate profits, compensation of employees
expanded in each quarter of 1962,
although the quarterly rate of increase
in the latter part of the year was less
than half that prevailing in the first
part.
By industry, the largest income gains
for the year 1962 were achieved in
manufacturing, particularly the durable
goods industries. In large part, these
increases reflected recovery from the
cyclical low of the previous year, and
actually accrued during the last three
quarters of that year. As measured by
payroll changes also, developments
subsequent to the initial recovery period
were disappointing. At yearend, factory payrolls at a $94 billion annual rate
were only slightly higher than the $91%
billion rate of a year earlier. Most of
of this moderate rise was accomplished
divided between Federal outlays, on the
one hand, and State and local, on the
other. In 1961, government outlays
rose $8 billion over the previous year.
The crucial role of government is seen
most clearly by reference to the GNP
advance since the low point in activity
in the first quarter of 1961. From that
period to the fourth quarter of 1961,
GNP rose by $38 billion while government purchases were up by $7.3
billion—contributing almost 20 percent
to the overall advance. From the
fourth quarter of 1961 to the closing
quarter of last year, GNP was up by
STATE AND LOCAL GOVERNMENT
PURCHASES OF GOODS AND SERVICES
Trend Continues Steadily Upward
Billion $
60
Total
40
20
'.':'::.•::'::. JCompensation of Employees^'/
WWA'/Yti'-'W
1957 58
I t M
59
60
61
62
63
Quarterly , Seasonally Adjusted, at Annual Rates
U.S. Department of Commerce, Office of Business Economics
63-1-10
$23 billion while government increased
by almost $9 billion—accounting for
almost 40 percent of the total rise.
Over the entire seven-quarter span,
government has thus accounted for
better than one-fourth of the GNP rise,
National Income Higher
a proportion that has been exceeded in
Quarter-to-quarter changes in income
postwar recoveries only in the Korean
mobilization period about a decade ago. paralleled those in GNP, but individual
Federal purchases of goods and serv- components of national income traced
ices increased by $5% billion with $4K diverse patterns. Corporate profits,
billion of the increase accounted for by which had risen $11 billion during the
increased outlays for national defense. 1961 recovery period, clipped slightly in
Within this category, expenditures for the first quarter of 1962. Although
space rose to $2 billion, doubling the corporate output rose steadily through
CORPORATE GROSS PRODUCT AND PROFITS
• Output Rose Steadily in 1961-62 Period
• Profits Recovered Rapidly From the 1961
Cyclical Low and Leveled Off in 1962
• Ratio to GNP Lower Than in Earlier Peak Years
Billion $
Billion $
80
(ratio scale)
400
Corporate Gross Product
(left scale)
300
60
40
200
\
j
i
Profits Before Tax, Including
* Inventory Valuation Adjustment
f
30
150
11 i i I 1 1 i T i i i ! i i 11 i i i 1 1
1957
58
59
60
61
62 63
Quarterly Totals, Seasonally Adjusted,
at Annual Rates
U.S. Department of Commerce, Office of Business Economics
63-1-11
SURVEY OF CURRENT BUSINESS
January 1063
in the early months of 1962, and
manufacturing payrolls in December
were no larger than in April, after
allowance for seasonal factors.
National income advanced significantly last year in government and in
the trade and service industries. In
these industries, annual gains were
spread throughout the year, and represented a continuation of long-term
trends rather than recovery from a
cyclical low.
Financial Markets in 1962
A Picture of General Ease
9
there was no noteworthy extension of
maturities, lowering of down payments,
or any substantial rise in the proportion
bought on credit.
The volume of installment credit
extended for auto purchases in the
summer and fall months reached levels
moderately in excess of the totals
recorded in the record auto sales year,
1955, with car prices averaging higher
than 7 years earlier. There was also
some pickup in the rate at which installment loans were extended on nonauto
durables and personal loans also picked
up moderately, while the growth in
noninstallment credit continued apace.
Housing credit freely available
The revisions in depreciation accountHousing—traditionally the residual
ing and the new investment tax credit
are not reflected in the statistics of claimant upon available capital supcorporate depreciation and undistrib- plies—-moved up last year, reflecting in
uted profits presented in this issue part an increase in the attractiveness of
of the SURVEY but any provision for mortgages to lenders as credit supplies
these would increase the total of cor- expanded faster than demands. The
porate funds available from internal expansion in credit availability also
sources. (See discussion on page 7.) gave rise to higher loan-value ratios,
Internal funds, as currently meas- lower interest rates, and some increase
ured, were up by an amount roughly in the volume of loans on older
similar to that of fixed business invest- properties.
There was little change in the rate
ment outlays. Apart from the $2%
at
which loans were made on new mebillion advance in short-term business
dium-price
single-family houses. The
bank loans, corporate need to resort to
increase
in
fund
availability was particexternal credit markets was less than in
ularly
effective
in stimulating the
1961.
Bond issues were unchanged
construction
of
luxury
apartments and
from 1961, while stock issues were
more
expensive
single-family
houses.
lower than in the previous year, and a
continued rise in the rate of corporate Federal Government
mortgage borrowing did not make up
the difference. Corporate holdings of
The Federal Government was a major
liquid assets changed little during the borrower in the money and capital marBusiness investment up $4 billion
year.
kets last year, although the Federal
The sharp fall in corporate stock deficit on income and product account
Business fixed investment during issues clearly reflected the break in narrowed from $4 billion in calendar
1962 rose 9 percent—or $4 billion above stock prices in the spring months, which 1961 to under $2 billion. Toward the
the previous year—continuing the cy- heightened uncertainties in financial yearend, this deficit was rising.
clical rise which followed the small markets and raised questions about its
Although the Government's net draft
decline in 1960. Inventory buying implications as to business trends. In was reduced, the rate of borrowing at
reached a peak in the first quarter. particular, the flow of new stock issues $6 billion—excluding a special subSubsequently, additions to stocks were was reduced in the last half of the year scription to the IMF—was little
smaller, contributing to the economy's and net sales of mutual fund shares changed from the 1961 total as the
slower growth. For the year as a whole, also declined.
Treasury tried to put pressure on shortinventory investment totaled $3 billion.
term interest rates by issuing more bills
The improvement in business activ- Installment credit up
than were needed to finance operations,
ity was reflected in a $3% billion inand using the proceeds to build up the
crease in internal funds over 1961. The
The sharp increase in auto sales for Treasury's cash balances. In addition
bulk of this rise had occurred by early 1962 entailed a large rise in auto credit. to expanded offerings of short-term
1962, as profits did not expand after The increase in borrowing was roughly securities, Treasury financing last year
the second quarter.
proportional to the rise in purchases as featured advance refunding of medium-
LAST year's increases in business
investment, housing, and consumer
durable outlays occasioned an increase
in private borrowing, while the Govvernment's borrowing was unchanged,
and total debt formation increased
moderately over the cyclical swing year
of 1961. The monetary authorities
provided sufficient reserves to the
banking system to accommodate the
expansion in credit demand with little
pressure on interest rates.
Last year's experience differed from
that of earlier postwar years of cyclical
expansion: the rise in fixed investment
was weak as was the preceding decline;
inventories were not built up so fast;
no pressure was apparent on bank
reserve positions until almost the close
of the year; and interest rates moved
downward or fluctuated narrowly, rather than rising.
2
Digitized for669626°—63
FRASER
10
term securities into longer term. Reflecting these policies, as well as some
runup of outstanding medium-term
issues, the volume of securities due in
3 to 5 years declined $5 billion, while
bonds due in more than 5 years were
up $9 billion, and securities due within
1 year rose $3 billion. Savings bonds
and special issues showed little change.
Bank reserves easy
The banking systems' reserve position
was easy throughout the year, and under
these circumstances the moderate calls
for credit accommodation were easily
handled. The monetary authorities
maintained net free reserves at about a
$400 million level through November,
permit ting a fall to $300 million for
December. Such reserves were maintained at considerably higher levels
than had been usual in earlier postwar
advances, and the banks added record
amounts to their loans, investments,
and deposit liabilities.
The total of bank loans and investments increased about $18 billion during
1962—the largest such increase during a
peacetime period. This rise was financed by a $15% billion rise in time
deposits, a $1 billion increase in demand
deposits, and $1 billion of earnings
retained by the banks.
The banks used the expanded creditcreating power to extend the volume of
lending in all categories of loans and
investments other than U.S. Government securities, where they wound up
the year with an amount slightly less
than they had going into 1962. As
noted earlier, business loan demand
was moderate last year, and such loans
increased only $3 billion.
Banks
stepped up their purchases of State
and local securities—at $5 billion such
investments were at the highest rate
in history.
Real estate loans—up $4 billion—
also provided a major outlet for bank
lending as did the $2 billion expansion
in consumer credit. This experience
was in marked contrast with other
periods of economic expansion, when
business and consumer loans had ex-
SURVEY OF CURRENT BUSINESS
panded sharply, U.S. Government
securities were sold off in substantial
volume, and little net lending was
reported to State and local governments
and on real estate.
Other financial institutions step up
lending
The supply of loan funds was further
augmented by a continued rise in the
inflow of savings to nonbank financial
institutions. The growth of saving and
loan deposits was about $9% billion, $1
FINANCING COSTS CHANGES
With Stock Prices Down From Peak
Index 1941 -43-100
100
80
(ndustrial Stock Prices
60
40
20 I i i i 1 i i i I i i i I i i i I i i i I i i i
Equity Costs Were Higher in 1962 . . .
Percent
10
Earnings/Price Rat fas
I
Dividend Yields
1 1 1 I 1 I I 1 I I 1I I I I 1 I 1 I I I I I 1 I
While Debt Costs Did Not Change Much
Industrial Bond Yields
\
US Government Bond Yields
2 •-
1957
58
59
60
61
62
63
'Data: Stand. & Poor's, Moody's, & Treas.
U.S. Department of Commerce, Office of Business Economics
63-1-13
January 1063
billion more than the previous record
in 1961. Mutual savings banks and
life insurance companies also reported
record increases in the volume of personal savings entrusted to them. All
these institutions invested a somewhat
greater portion of their funds in mortgages, and maintained their holding of
U.S. Government securities.
Interest rates and security prices
The expanded supply of credit, in
conjunction with the relatively small
increase in the demands for financing
was reflected in a moderate decline in
most interest rates last year. Shortterm interest rates generally fluctuated
narrowly around the level reached early
in the year, while long-term bond rates
drifted downward.
The contrast between the downward
drift in long-term interest rates and the
narrow fluctuations in short-term rates
reflected in part the stability of longterm debt offerings in the face of rising
bank and institutional fund sources,
and in part deliberate Government
policy. The latter \vas effected by
confining Treasury cash issues to the
shorter term of the maturity spectrum,
and was undertaken to help American
liquidity instruments remain competitive with those available in major
foreign money markets without inhibiting domestic expansion through
higher long-term rates.
During the first 4 months of the year,
stock prices drifted downward from the
alltime highs reached near the turn of
the year. In May, and in June, prices
tumbled sharply on a rising volume of
trading and the drop in values was the
greatest since 1938. Later in the summer, stock prices stabilized, and then
moved up modestly. With the coining of the fall months, stock prices
eased off until October. Since the
resolution of the immediate Cuban
confrontation, the 2 closing months of
the year have been marked by a sharp
resurgence in stock prices which carried
the market averages slightly more than
half way back from the lows reached in
June to the alltime highs scored in
December 1961.
Industrial Production—Employment—Prices
i
NDUSTRIAL production extended
the cyclical advance which began early
in 1961, and for 1962 as a whole registered a 9 percent increase over the year
before. Within the year output continued to rise until about midsummer
but remained on a plateau thereafter.
At yearend, the Federal Reserve seasonally adjusted production index was 3K
percent ahead of a year earlier, and 7
percent above the prerecession peak of
January 1960.
New production peaks were reached
in 1962 by all of the four broad industry
groups—durables, nondurables, mining,
and utilities; durable goods output
topped 1961 by 10 percent and soft
goods by 6 percent. The increase in
mining activity was less than 3 percent
while utilities output expanded 7 percent, about equal to the average gain
of the past 5 years.
Better than average gains in 1962
were made by the auto industry, which
experienced its second best production
and sales year, and by industries producing machinery and equipment and
defense goods; these reached consistently higher production rates during
the course of the year. These two
manufacturing groups, with less than
30 percent of the weight of the FRB
index, accounted for 40 percent of the
rise in total industrial output. By way
of contrast, output of the steel industry,
which was high very early in the year,
fell sharply in the second quarter, and
for the year as a whole averaged no
higher than 1961.
The current expansion in industrial
output, now extending over a period of
23 months and aggregating 16 percent
over this period, conforms closely in
magnitude with the recovery from the
1954 cyclical trough; however, it is well
behind the advances of 25 percent experienced in the comparable periods of
the 1949 and 1958 upturns. The declines preceding those recoveries were
much greater. It took industrial production five quarters in the 1961-62
recovery to exceed the former peak or
somewhat less than in the other cyclical
upswings.
Backlogs decline
The rise in unfilled orders that develloped during 1961 came to a halt last
year. In the early months of 1962 the
flow of incoming new business outpaced
the rise in manufacturing output and
backlogs rose. The increase was particularly large in primary metals, but also
occured in both electrical and nonelectrical machinery and in fabricated metal
products.
New orders receipts fell in the second
quarter of 1962 and improved only
slightly in the second half. With output continuing high, backlogs tended
downward during the final three quarters of 1962, and at yearend were about
3 percent lower than at the beginning
of the year. The slippage, moreover,
was also widespread among the major
industry groups—and, except for nonelectrical machinery, backlogs at yearend were generally lower than in December 1961.
Sharp swing in steel output
During 1961, the steel industry
experienced a sharp rise in output as
the economy and demand for durable
goods recovered from the 1960-61
recession. The seasonally adjusted index of production of iron and steel by
November 1961 was two-fifths above
the trough of a year earlier.
Around the end of that year a new
factor was superimposed on the growing
requirements for steel consumption,
namely, a demand for additional inventories as a hedge against a possible
steel strike. New orders rose to an
extremely high rate in the winter and
iron and steel output jumped by 14
percent from November 1961 to March
of 1962.
When it became clear that a strike
would not materialize, orders were cut
back, and with the signing of a new
labor-management wage contract late in
March, production began to fall sharply
with consuming industries drawing
down their expanded inventories. Output reached a low in July, one-fourth
Autos: A year of growth
Auto assembly plants shipped out
nearly 8.2 million passenger cars and
trucks in 1962, over 1% million more
than in 1961 and about 1 million under
the banner year of 1955. Passenger
cars accounted for 6.9 million of total
output.
Aside from the normal summer
slowdown for model changeovers, total
assemblies were maintained at a high
rate, with output in most months
approximating or exceeding 700,000
units. In
the
October-December
period alone, when dealers' sales
were especially brisk and inventories
of new cars in showrooms remained
relatively low, over 2.4 million passenger cars and trucks rolled off the assembly lines. This was the best fourth
quarter on record, a production performance not too far from the peak
April-June period of 1955, when 2.5
million units were turned out.
Table 1.—New Orders Received by Steel
Companies, Receipts, Consumption, and
Stocks of Steel Mill Shapes, and Iron and
Steel Output
[Monthly average]
Steel consumers
(manu factur in g)
New
Con- Stocks, Stockorders
($Bil.) Re- sump- end of conceipts tion period sumption
ratio
(Million short tons)
Production
(195759
= 100)
1961
NovemberDecember...
1.71 4.20
4.20
9.40
2.2
107.3
JanuaryMarch _. -.
April-June
1.55
.89
5.20
4.43
4.33
4.63
12.00
11.40
2.8
2.5
116.4
99. S
July-September
OctoberNovember--
1.15 3.70
1.23 4.05
4.20
4.55
9.90
9.05
2.4
2.0
90.9
92.3
1962
Note.—Data are not adjusted for seasonal variation, except
for new orders, and iron and steel production.
Sources: U.S. Department of Commerce, Office of Business Economics and Bureau of the Census; Board of
Governors of the Federal Reserve System.
11
SURVEY OF CURRENT BUSINESS
12
INDUSTRIAL PRODUCTION ROSE IN 1962
Leveled Off After Midyear
1957-59 = 100
140
U20
100
Autos and Investment Goods at New Peaks
Business Equipment Inci. Defens
60
Soft Goods and Materials Have Tended
Slowly Upward
340
120
Apparel & Staples
300
Nondurable Materials
SO
60
Consumer Home Goods and Durable Materials
Off From Earlier Brghs
140
Home Goods
120
100
Durable Materials
30
,60
Steel Shows Small Recovery After Sharp Decline
From March High
Iron and Steel
120
100
1957 1958 1959 1960 1961 1962 63
Quarterly
Monthly
Seasonally Adjusted,
Dafa: pRB
<^S- tDsp&rtfflenl of Commerce, Office of Business Economics
63-1-14
below the spring high. Some recovery
in production followed, but in December the rate of operations was still oneseventh below the high first quarter.
With December operations yielding
an output of 8.1 million ingot tons, the
highest monthly volume since April,
steel production for the year as a whole
came to 98 million tons, about the same
as in 1961. This production was the
equivalent of about 61 percent of midyear capacity, as compared with a 64
percent rate on a somewhat lower base
for 1961. The uptrend in steel mill
activity since midsummer reflected for
the most part renewed bu}ring by steel
users as the gradual liquidation in steel
inventories by consumers, underway
since April, drew to a close. The improvement in mill operations extended
into early January.
In contrast to the sharp swing in
steel ingot production, consumption of
finished steel by manufacturing establishments—which accounts for roughly
three-fourths of all steel used—tended
generally upward during the year. For
1962 as a whole, consumption was well
above 1961 and compared favorably
with the high consumption years of
1955-57.
Table 1 makes clear the extent to
which 1962 steel consumption came out
of inventories built up through the first
quarter. From May through November steel consumption by steel-using
manufacturers exceeded receipts from
mills by 3% million tons. In addition,
there was a further liquidation of 1 million tons held by producing mills and
300,000 tons held by steel warehouses.
The reduction in steel stocks brought
the November carryover well below
that held at the beginning of the year,
when the particularly heavy inventory
buildup was well underway. The better-balanced steel inventory position
is further indicated by the current
relatively low stock-consumption ratio
compared with the year earlier figure
and the high ratio at the end of March.
Most nonferrous metals supplies expanded sharply in 1962 as a result of
higher domestic production and increased imports. More aluminum and
copper were produced than ever before,
a moderate increase was posted for zinc,
and a decline for lead.
The aluminum industry in producing
January 1003
2.1 million tons—some 200,000 tons
above 1961 and 100,000 tons higher
than in 1960, the previous top—operated at an average rate of 85 percent
of installed capacity, ending the year
at a higher operating rate. Copper
producers operated at a record rate
through June but as inventories began
to build up, output was cut back
moderately in the second half.
Although consumption was sustained
at a high rate, inventories of copper
at yearend were higher than at the
beginning of the year. In the case of
aluminum, stocks at reduction plants
declined through most of the year but
expanded in the closing quarter as output continued high while demand
slackened somewhat.
Output of materials other than metals
generally showed widespread gains over
the year. Production increases of 7
percent or more were registered for such
important basic materials as paper and
board, plastics and resin materials,
industrial chemicals, synthetic rubber,
and man-made fibers, while more moderate gains, less than 5 percent, were
shown for cement, flat glass, coal, and
crude petroleum. Bituminous coal output was the largest since 1957, because
of higher domestic consumption and a
substantial expansion in shipments to
foreign markets.
Business equipment higher
Reflecting higher capital outlays for
machinery and equipment and steppedup military procurement programs,
production of producers' durable equipment and defense hard goods rose
throughout the year, recording a gain
of 11 percent over 1961. This important segment of manufacturing has
shown consistent quarter-to-quarter
gains since about the time the cyclical
advance started, though the rate of
increase in the last half of 1962 was less
than in the earlier phase of the expansion, as is usual in cyclical upturns.
The rise in business investment leveled
out around the end of the year, though
defense goods were still pushing higher.
The December index of business equipment and defense goods, at 123 (195759 — 100), was 7 percent above December 1961, and 1 percent above July 1962.
Production of commercial equipment,
which has experienced a strong secular
SURVEY OF CURRENT BUSINESS
January 1963
1961, the largest among the nondurable government (mainly State and local),
goods group; in other soft goods lines, with these two groups showing an
the advances ranged from 2 percent for advance of over 1 million, or more
foods and beverages to 7 percent for than the rise in total nonagricultura!
employment. Smaller advances ocpaper products.
In the cyclical textile industry, out- curred in trade and finance groups, the
put surpassed its previous high in two together accounting for an increase
February, advanced further to a new of 300,000. All of the other major
peak in the summer months, and then groups—mainly the commodity-proedged downward. The lower rate of ducing industries—registered some deoutput in recent months was associated cline, even though output in these
Nondurables output follows total with a drop in orders, rising inventories, industries registered an advance.
In manufacturing, for example, there
index
and some price weakness.
was
a small decline in employment—•
Production
of
apparel
products
traced
In general, nondurables goods were
about
140,000 or less than 1 percent—a
somewhat
different
pattern.
After
a
in steady demand, and at year-end
from
the
previous cyclical peak in the
rather
slow
start
in
the
early
part
of
the
output was about 3 percent above
second
quarter
of 1960 to the third
year,
output
improved
moderate!}^
in
December 1961. Production was higher
quarter
1962.
By way of contrast
the
spring
months
and
continued
to
than in 1961 for all of the major
manufacturing
output
increased 9 peradvance
thereafter.
The
current
rate,
industry groups and new peaks were
cent
over
the
same
period.
Since there
a
new
top,
was
some
5
percent
above
a
reached by all industries, except leather
was
only
a
small
increase
in
hours
there
year
earlier
and
8
percent
above
products. Chemicals and rubber prodis
a
substantial
gain
suggested
in
output
January
1962.
ucts increased 10 percent or more over
per manhour.
uptrend in the postwar period, recorded
an advance of one-eighth from 1961 to
1962. Sizable increases were also registered for industrial machinery, freight
and passenger equipment—largely the
result of an increased volume of truck
production—and farm
machinery.
Within the year, output for these
product groups moved closely with the
overall business equipment index.
Labor Market Developments
AS the economy pushed upward in
1962, there was a marked advance in
employment, a rather small rise in the
total labor force, and some reduction
in unemployment as compared with
1961.
Total employment in 1962
averaged 67% million, up 1 million from
1961. The Armed Forces also showed
a fairly large expansion for the first
time since the Korean mobilization
period.
The rise in seasonally adjusted employment in the early months of the
year was largest in durable goods manufacturing and retail trade, but gains
were also made in other manufacturing,
services, construction, and State and
local government. Small increases occurred in other sectors. Around midyear employment leveled off, and on a
seasonally adjusted basis, showed little
change during the latter part of the
year. Of the industry groups which
had shown expansion early in 1962,
only the service industries and State
and local governments showed any
considerable advance. In manufacturing, employment declined over
200,000. Seasonally adjusted employment in most of the other groups declined slightly after midyear.
Workweek extended
Extension of cyclical rise
The broad rise in employment in
the first half of 1962 represented a
continuation of a cyclical advance from
the low point that had been reached
in the first quarter of 1961. From that
date to the third quarter 1962 nonagricultural employment expanded 2 million, seasonally adjusted, with about
half the rise occurring in 1961 and the
remainder in early 1962.
Increases were large in manufacturing, chiefly durable goods, and in
government; sizable increases also occurred in trade and service industries.
Other goods production and transportation industries showed little change
during this period of general cyclical
advance.
Comparison with previous peak
A second comparison of the third
quarter 1962 employment—with the
peak employment of the preceding
business cycle, second quarter 1960—
shows a somewhat different picture,
focusing more on growth than on
cyclical change. As shown in the
accompanying table the rise in nonagricultural employment from second quarter 1960 to third quarter 1962 was
nearly 1 million, or less than 2 percent.
During this period the employment
increase Was
Centered in
Services
and
In manufacturing, the average hours
worked per week was greater in 1962
than in either of the two preceding
years. For the durable goods industries, the workweek averaged nearly
EMPLOYEES IN NONFARM ESTABLISHMENTS
• Government Employment Rose Steadily in 1962
• Nonmanufacturing Rose Until Fall Period
• Manufacturing Leveled Out Earlier
Million Persons (ratio scale)
30
25
Private Nonmanufacturing
20
Manufacturing
15
10
Government
I
\ ^
!
I 1 I
1957
1 I I I
I I I
58
59
I I
I I 1 I
60
I I t I
I t 1 f I f
61
62
63
Quarterly, Seasonally Adjusted.
Data: BLS
U.S. Department of Commerce, Office of Business Economics
SURVEY OF CURRENT BUSINESS
14
Table 2.—-Employees in Nonagricultural Establishments
[Thousands of persons, seasonally adjusted]
Total
Manufacturing
Durable
goods
Nondurable
goods
Mining
Contract
construction
Transportation
and
public
utilities
Trade
Finance, Servinsur- ice and
ance, misceland laneous
real
estate
Government
1960-IIQ . -_
54, 610
16, 970
9,600
7,380
720
2,910
4,040
11,440
2,670
7,330
1961-IQ
53, 540
16, 000
8,830
7,180
670
2,780
3,920
11,300
2,730
7,450
8,690
55, 580
16, 840
9,500
7,340
640
2, 730
3,920
11,630
2,800
7,800
9,220
55, 610
16, 710
9,440
7,280
630
2,690
3,920
11,590
2,820
7,850
9,380
- -
1962-IIIQ
- -
1962-1 VQ
-_
8,510
Absolute Change
2,040
830
670
160
—20
50
0
330
70
340
530
11-1960— III-1962
970
-140
-100
-40
-80
-180
-120
190
120
470
710
ni-1962— IV-1962
30
-120
-60
-60
-10
-40
0
-40
20
50
160
1-1961 — III-1962
Note.—Changes are computed from unrounded figures. Source: I'.S. Department of Labor, Bureau of Labor Statistics.
41 hours, the longest since 1956. Hours
of work had shown a sharp expansion
during the course of 1961, reaching a
high rate in the closing months of the
year. For the most part, this high
rate was maintained during 1962 and
stands in contrast to the decline in
employment after midyear.
For the nondurable industries, the
workweek averaged 39.7 hours, as
compared with 39.3 hours in 1961.
On a seasonally adjusted basis, the
Table 3.—Unemployment Rates Among
Various Grovips of the Civilian Labor
Force
[Percent]
1958
1959
1960
1961
1962
6.8
5.3
5.4
6.5
5.2
20 and over
6.3
4.6
4.8
5.8
4.6
White
Nonwhite
6.1
13.7
4.6
11.5
4.8
10.7
5.7
12.9
4.6
9.5
Married, with spouse _ - 5.1
13.3
Single
3.6
11.6
3.7
11.7
4.6
13.1
3.5
11.3
6.8
5.9
5.9
7.2
6.3
61
5 2
5.1
6.3
5.4
6.2
10.8
5.3
9.5
5.3
9.5
6.5
11.9
5.5
11.2
6.5
7.4
5.2
7.1
5.2
7.5
6.5
8.5
5.5
7.9
Male
._
Female
White
Nonwhite
Married, with spouse _ _
Single
Industry of last job— wage
and salary workers:
Agriculture __ - ._
Mining, fisheries, forestry
Services
_
_ _ _ _ _
Trade
Construction
Manufacturing
Transportation
9.9
8.7
8.0
9.3
7.5
10.6
4.6
6.7
13.7
9.2
5.6
9.7
4.3
5.8
12.0
6.0
4.2
9.5
4.1
5.9
12.2
6.2
4.3
11.6
4.9
7.2
14.1
7.7
5.1
8.4
4.3
6.4
12.0
5.8
3.9
45.8
29.9
12.8
11.5
39.5
28.6
15.1
16.7
Duration:
Percent distribution of
the unemployed, by
duration of unemployment:
Less than 5 weeks-_
5-14
15-26
27 weeks and over_ _
Labor force growth slackens
The moderate reduction in unemployment during 1962 reflected both an
increase in the number of civilian jobs
arid some growth in the Armed Forces
(about 300,000) together with a lag in
the rate of growth of the total labor
force. The increase in the Armed
Forces took place toward the end of
1961, and there was little further
change during 1962. Although care
must be exercised in interpreting shorttime changes in the labor force series, it
may be noted that the slackening in the
growth of the labor force was most pronounced in the latter part of 1961, and
this lagging was not made up in 1962
despite rather substantial increases during a part of the year. The labor force
continues to be considerably below the
expected trend based on population and
past trends in participation rates.
Although current population estimates have been revised downward
somewhat, the principal influence retarding the growth in the labor force is a
sharp reduction in labor force participation, especially for younger age groups.
Part of this is attributable to increased
school attendance.
Unemployment
39.2
29.8
16.8
14.2
43.5
29.2
12.3
15.0
43.9
28. 0
13.3
14.8
Note.—(1962—based on 11-month averages).
Source: U.S. Department of Labor, Bureau of Labor
Statistics.
workweek was extended to 40 hours
in the spring but was then reduced
slightly after midyear. These changes
paralleled those in employment.
January 1063
in 1961. The improvement in unemployment from 1961 was reflected in all
of the principal social-economic groups
of the population. For males, 20 years
and over, the unemployment rate was
4% percent, as compared with 5.8 percent in 1961. Unemployment was also
lower for females in 1962 than in 1961,
although among married women the
rates were higher than for married men,
as in other recent years. In addition, a
smaller proportion of persons without
jobs represented long-term unemployed,
i.e., out of work for 15 weeks or more.
The number of workers on part-time
employment for economic reasons declined during the early part of the year
but showed some rise after midyear.
Most of the rise occurred among workers who usually work full-time.
Aside from these short-run changes in
unemployment associated with the cyclical advance, other changes are
occurring in the composition of the unemployed due to longer term developments. The shift in employment
toward government and service industries and away from commodity-producing industries has accentuated the
typically higher rates of unemployment
among blue collar workers as compared
with the white collar group. Although
their unemployment rates were reduced
in the early part of the year, the unskilled and semiskilled workers experienced relatively high rates of unemployment during the latter part of 1962.
UNEMPLOYMENT RATE
Was Lower Than in 1961, but With Little
improvement During the Year
Percent
10
Total
reduced
The number of persons out of work
fell to 4 million in 1962 from 4.8 million
in 1961. The unemployment rate for
the civilian work force averaged 5%
percent in 1962, down from 6.7 percent
I I I I I I I
1957
58
59
60
I I I 11
61
62 63
Quarterly, Seasonally Adjusted.
Data: BLS
U.S. Department of Commerce, Office of Business Economics
63-1-16
SURVEY OF CURRENT BUSINESS
January 1963
Price level Inches Up
Industrial Prices Steady
THE year 1962 was another year of
relatively small price changes in commodity markets as the Nation's ability
to produce continued to be more than
ample to meet the demands placed on
it, but service prices continued their
steady climb. The most comprehensive measure of price change, the overall GNP implicit price index, rose by
about IK percent over 1961, about
equal to the increase in each of the 3
previous years. Prices in consumer
markets were up a little over 1 percent,
wholesale prices of industrial products
were very little changed while farm
prices advanced by 2 percent.
Wholesale prices steady
The comparatively long period of
price stability in wholesale markets—
judged by postwar standards—was
extended into 1962. The BLS Wholesale Index was very slightly higher than
in 1961, reflecting higher quotations on
both farm and processed food products.
The industrial component averaged
exactly the same as the year before and
has actually registered a slight decrease
since 1959.
The behavior of industrial prices is
of interest because in every other recovery in the postwar period this component has advanced as industrial
demands have strengthened. Even in
the 1958-60 period, which witnessed the
smallest price rise for any of the postwar recoveries, industrial prices rose
about 2% percent from the 1958 recession trough to the early 1960 peak; in
the latest recovery, by way of contrast,
prices have fallen by about one-half of
1 percent since the early part of 1961.
Continued excess capacity among domestic producers and competition from
abroad have led to price cutting or prevented prices from rising in a number of
fields. Price stability was also fostered
by the general ease in financial markets.
This was abetted by the monetary
policies of the Federal Reserve System,
which facilitated the growth in credit
with little change in interest rates. Another factor, the broad impact of which
is difficult to measure but which undoubtedly acted as a restraining influence, was the chain of events that
culminated in the steel-price rollback
last spring.
Although industrial prices were unchanged for the year as a whole, from
the beginning to the end of the year the
number of commodity groups showing
price increases was somewhat larger
than in either 1960 or 1961. Advances,
however, were less frequent than in
1959 or in the years 1955-57. This is
shown in the tabulation below, which
is based on 72 subgroups of the nonfarm-nonfood part of the BLS Wholesale Price Index.
By stage of processing the most sensitive component of industrial prices—
crude materials—registered a decline
for the third successive year, with most
of the drop coming after the first
quarter. Intermediate materials, producer finished goods, and consumer
nondurables were about the same, on
the average, as in 1961, while consumer
durable goods averaged slightly lower
for the year.
15
construction year kept prices of most
building materials fractionally above
those in 1961.
Wholesale prices in nondurable goods
industries were slightly higher last year,
with increased quotations for textiles
and apparel, hides and leather, and
paper. Despite increased demand, excess capacity led to price reductions in
chemicals, petroleum, and rubber from
1961 to 1962.
Consumer prices edged higher
The overall rise in consumer prices
in 1962 was essentially a continuation
of the pattern since 1958, with prices
for the year as a whole 1.2 percent
above those of 1961. The overall index
stood at 105 percent of the 1957-59
average. Food prices, prices of commodities other than food, and service
prices were all higher for the year.
ANOTHER YEAR OF PRICE STABILITY
Wholesale Prices Up a Little
1957-59=100
110
WHOLESALE INDUSTRIAL PRICES
Little Changed Again
105
100
Durable goods prices ease
Durable goods prices in primary
markets on the average were a little
lower in 1962 than in 1961. Prices of
metals and metal products as a group
were lower for the second successive
year, reflecting reduced quotations on
iron and steel products and nonferrous
metals. Prices of machinery and motive products as a group were unchanged for the second year in a row,
after having advanced steadily through
the postwar period; agricultural machinery quotations, however, were
higher. Electrical machinery prices
continued to drift slightly downward
while prices of motor vehicles were
about unchanged.
With manufacturing and trade inventories fairly heavy and sales slow,
there was some price cutting in household appliances, including radio and
TV sets; furniture prices, however,
averaged higher for the year. A good
95,
FARM PRICES
Up 2 Percent
90
Consumer Prkes—Up 1.2 Percent in 1962
PRICES OF SERVICES
Continue Uptrend
110
FOOD PRICES
? Percent Higher
105
\
100
NONFOOD COMMODITY
PRICESS//gMy Up
95
1957
58
Quarterly
59
60
61
62
63
Monthly
Data: BLS
U.S. Department of Commerce, Office of Business Economics
SUKVEY OF CURRENT BUSINESS
16
The rise in food prices approximately
paralleled the increase in the overall
index. Continued high demand brought
higher quotations for meats, and short
supplies caused advances in the prices
of vegetables. Dairy product prices,
however, moved lower as consumption
failed to advance.
Table 4.—Direction of Change From Same
Month Previous Year for Subcomponents
of BLS Wholesale Price Index, Excluding
Farm and Food Products
December:
1954 _.
1955
1956 1957
195H
1959
1860
1961
19621
_ .
_
Higher Lower
Same
34
53
57
52
32
14
10
16
3
2
3
2
69
69
70
70
36
52
36
32
41
33
17
34
36
29
3
3
2
4
2
72
72
72
72
72
Total
i December 1961 to November 1962, latest date available.
Source: U.S. "Department of Commerce, Office of Business
Economics, based upon U.S. Department of Labor,Bureau
of Labor Statistics.
Among commodities other than food,
prices of durable goods increased about
1 percent, reversing a decline of about
2 years duration. Although sales of
both new and used cars were higher,
new car prices were about the same as
in the preceding year; in terms of market prices the strength of auto demand
was mainly evident in the sharp price
increases registered for used cars. Reflecting the reductions at the manufacturing level, prices of household appliances moved lower over the year and
as of September averaged some 7K percent below the 1957-59 average. Apparel, drugs, and tobacco had higher
price tags for the year as a whole.
Services prices again registered larger
than average increases with a 2 percent
gain over 1961. Rents rose by more
than 1 percent while services other than
rents were up by almost 2 percent.
A feature of the year was the leveling
out in the prices of services other than
rents after the middle of the year. This
group had been showing one of the
largest increases of any of the major
components of the CPI in the postwar
period, with a gain of 32 percent over
the past decade. This stabilizing was
attributable to a number of factors.
Rates for electric and gas utilities
stabilized this year, after a long and
virtually unbroken postwar rise. Easy
conditions in financial markets brought
about a reduction in interest rates on
home mortgages. In addition prices of
public transportation leveled out.
These factors offset large continued
advances for medical care services and
reading and recreation.
January 1063
levels as of September, as against 18
percent for nondurables, and zero for
services.
Further breakdown of price changes
Consumer prices are currently at
record levels but needless to say all
items are by no means uniformly
higher. To show the diversity of price
change a special breakdown was prepared for 147 individual nonfood items
in the Consumer Price Index, for which
quarterly quotations were available
from 1947 through September 1962.
The results are summarized below.
For about 40 percent of the items, the
September 1962 quotation represented
the peak for the entire postwar period;
another third showed decreases from
their highs ranging up to 5 percent,
while the remainder showed decreases
in excess of 5 percent.
As might be expected, the September 1962 quotations were highs most
frequently in the case of services—75
percent of the service items were so
classified. For nondurables about 30
percent were at new tops in September,
while for durables only 20 percent
represented highs. At the other extreme, 44 percent of the durable items
were more than 10 percent below peak
Farm prices strong
Prices received by farmers moved a
little higher in 1962 for the second year
in a row as both crops and livestock
showed some increase. Livestock and
product prices had edged downward
in the 3 preceding years, reflecting
increased marketings. Marketings remained at a high rate in 1962, and with
sustained demand there was an increase
in prices in the fall of the year.
Although livestock prices eased with
heavy marketings in the closing months
of the year, they remained above a
year earlier. The principal advances
were in meat animals. Dairy products
were lower in 1962 as production increased. Support prices were lowered
in the spring, but CCC purchases of
dairy products were unusually large as
demand continued the easing that had
developed in 1961.
Crop prices averaged 2 percent higher
in 1962, continuing the advance which
had occurred the preceding year.
Among the field crops, food grains were
substantially higher, reflecting increased support prices, and feed grains,
cotton, and tobacco were all up somewhat.
Oilseed crops—chiefly soybeans—were lower than in 1961.
Vegetable prices were higher and fruit
prices were down, each reflecting
changes in the size of crops marketed.
Freezes in the winter vegetable and
fruit belts near the end of the year had
not yet been reflected in market prices.
Table 5.—Decreases From Postwar Peaks to September 1962, 147 Nonfood Items in the
Consumer Price Index
Percent distribution
Commodities
Size of decrease
(percent)
Services
Total
Nondurable Durable
Commodities
Services
Total
Nondurable Durable
More than —10.0
23
31
12
15
5
7
2
11
30
10
1
0
58
48
15
26
28
38
15
18
20
28
8
44
73
24
2
0
39
33
10
18
Total
81
25
41
147
100
100
100
100
0
.
—0.1 to —5.0-5.1 to -10.0
_
Source: U.S. Department of Commerce, Office of Business Economics, based upon U.S. Department of Labor,
Bureau of Labor Statistics.
The Balance of Payments
Some Improvement but Another Large Deficit in 1962
Me
lODERATE gains were registered
in the balance on international transactions of the United States in 1962,
with favorable changes in capital transactions and investment incomes outweighing the reduction in our merchandise trade surplus since mid-1961.
The adverse balance in our international interchange was less than in
1961, but resulted in a decline in U.S.
net monetary reserves of about $2
billion. This was reflected in a decline
in the gold stock of $0.9 billion, and an
increase in foreign holdings of liquid
dollar assets amounting to $1.1 billion,
with only a small change in holdings of
foreign convertible currencies by monetary authorities.
Progress in reducing deficit
Reviewing the course of the balance
of payments in the past few years
considerable progress is evident, with
the overall deficit brought down from
a peak of $3.9 billion in 1960 and a
total of $2% billion in 1961. Programs
to promote exports have been intensified. Measures have been taken to
diminish the dollar outlays connected
with U.S. Government aid programs
and defense expenditures abroad, foreign governments have increased their
current and anticipated military purchases in the United States and have
made large advance repayments on
postwar loans, and international monetary management has been further
coordinated.
These measures, together with growing international cooperation, have
helped to restrain speculative capital
flows and probably prevented further
accumulations of gold or liquid dollars
assets by some countries. Cooperation of leading countries is especially
necessary when differences in cyclical
conditions in the economies of the
various economically advanced countries, and measures by the various
governments to steer their economies
toward a satisfactory rate of operation,
may put pressures on trade balances as
well as international capital movements.
The gradual devaluation of the Canadian dollar during the early part of
last year, the establishment of a new
exchange rate at the beginning of May,
and subsequent speculative operations
against the Canadian dollar which were
finally stopped by large-scale international assistance toward the end of
June, set in motion capital flows and
changed the timing of trade and other
transactions in such a way as to add
about $600-700 million to our overall
balance in the first half of the year,
and subtract a similar or larger amount
in the second half. These adjustments
have not been made in the last line of
the table; if these developments were
taken into account, together with, other
special transactions, the overall balance
would be about the same during the
two halves of the year.
Trade and Service Accounts
RECENT trends in our 3iierchandi.se
trade have been examined in detail in
the SURVEY OF CURRENT BUSINESS for
August and December 1962, and only
the highlights are summarized here.
Data for the year are not yet complete.
Imports into the United States respond primarily to changes in domestic
industrial production, therefore we had
a sharp increase in imports between the
first and second halves of 1961. An
initial strong upturn in imports of
industrial supplies and materials (which
comprise about half of all U.S. imports)
early in 1961—as the U.S. economy
entered an expansionary phase—was
followed by rising imports of other
items, especially consumer goods. During 1962, imports of industrial supplies
and materials readied a peak in the
first quarter and then declined slightly,
but the overall total of imports was
carried upward by the steady growth
of imports of other items.
Part of the shift in the values of
major commodity groups in our imports
is the result of a decline in prices of
foodstuffs and industrial materials while
prices of finished .manufactures held
steady. This also contributed to the
relatively small share of only about
one-fifth of the 1961-62 U.S. import
expansion accounted for by less developed countries.
Falling trade surplus
While U.S. merchandise imports rose
by about $1.7 billion between 1961 and
1962, U.S. exports advanced by approximately $1/9 billion (assuming no sharp
change at the year end). If allowance
is made for increased financing out of
U.S. Government grants and credits
the rise would be somewhat smaller.
The gain in exports was accomplished
in the first half of the year, with most
of the increase in iion-aid-financed sales
going to Continental Western Europe,
17
18
Canada, and Australia. After the first
half of the year exports declined,
particularly after deducting those which
were financed by U.S. Government
grants and capital, especially to India
and Pakistan.
Much of the rise in our exports since
1958-59 has been associated with the
vigorous growth of industrial activity
in Western Europe and Japan, both
because of the demands generated
directly in those countries and their
indirect influence on other major markets for U.S. goods. For Western
Europe, however, the development of
more adequate domestic supplies for
many products by 1962 may well have
weakened this relationship, and a slower
rate of expansion is also likely to affect
European demand for our capital goods.
On the other hand, resumption of a
more rapid upward movement of industrial activity in Europe, coupled with
rising costs in those countries, would
provide opportunities for an upward
turn in our exports.
In the first half of 1962, when Europe
experienced continued though somewhat dampened growth, a large part of
our export gains to that area was in
commodities not related to industrial
production-military items, and agricultural products being purchased in
anticipation of raised import levies.
Except for a spurt in September associated with the impending maritime
strike, exports to Europe dipped after
midyear, with economic activity in
some countries becoming less expansive.
Europe accounts for about one-third
of all U.S. exports, and about one-half
of all cash agricultural exports, and is
also the principal supplier of our fastest
growing import category-finished manufactures. Therefore, perhaps the most
significant developments in our balance
of payments in 1962 and for the future
revolve about our trading and financial
relationships with that area.
Exports to Canada in the first half
of 1962 were relatively strong, in line
with gains in economic activity, and
were exceptionally high in the second
quarter when a decline in the value of
the Canadian dollar or import restrictions were anticipated. After midyear
it became evident that the previously
established new par value would be
defended but new surcharges were im-
SURVEY OF CURRENT BUSINESS
posed on imports into Canada. The
reduced exchange rate and the surcharges, coupled with a somewhat
slowed-down growth rate, impeded further increases in U.S. exports. Latin
American countries as a group have
been importing less from the United
States as their export earnings have
lagged and capital inflows have diminished.
Our trade surplus with Japan was
about $0.7 billion in 1961, but was
reduced to a negligible amount in the
first 10 months of 1962 as exports
dropped while imports continued upward. Japan appeared to be allowing
imports to expand somewhat toward
the end of 1962.
As a result of divergent movements
of exports and imports, preliminary
U.S.
BALANCE OF PAYMENTS IN
1962
A Declining Favorable Trade Balance Since
Mid-1961 . . .
Billion $
12
Merchandise Exports
( E x c l . Military Goods Under Grants)
V
10
^ t ^ ^ • m i * *^
-
Exports Exc/.
/
.,»!
U.S. Govf. Financed ..»»»»**** V
'**•»****"»*»(,%*******
^ Imports
Merchandise
Was Offset by Lower Capital Outflows in 1962 .
U. S. Private Capital Outflows
and Reduced Net Payments for Other
Transactions . . .
-4
All Other Transactions
Resulting in a Lower Overall Deficit
-4
Balance On All Transactions
January 1963
indications are that the U.S. trade
balance was cut from $5.4 billion in
1961 to about $4.2 billion in 1962, with
the surplus narrowing in the second
half of the year.
Increased receipts from services and
investment income
A sizeable annual increment in our
receipts from abroad is yielded by investment income and returns of contractors fees, royalties, and other service charges. Income receipts from
private foreign investments were up
about $0.3 billion in 1962, about 9
percent. The gain in incomes from
direct investments was probably under
$0.2 billion, a lesser increase than was
registered in 1961. Receipts from
these investments in Europe showed
little or no increase over 1961, suggesting that earnings may have been subjected to a squeeze between rising costs
and increased competition and also
that a higher proportion of earnings
may have been retained abroad. Small
increases in income were registered for
Canada and Latin America, but the
largest gains were from Asia.
The mounting volume of "shortterm" capital outstanding as well as
increased holdings of foreign bonds
resulted in sizeable additions to income
receipts. U.S. Government interest receipts on outstanding credits rose by
about $0.1 billion, though a substantial
portion of this was in foreign currencies.
Receipts from other services increased
by about $0.2 billion, mainly from
rising management fees and royalties.
Payments to foreigners for services
and on income accounts in 1962 increased more sharply than has been the
experience in recent years. Travel
expenditures in Canada and Western
Europe reached record amounts in the
summer months. In addition, income
payments on foreign private investments here and on foreign holdings of
U.S. Government obligations rose by
about $0.1 billion.
-2
Private capital outflows diminish
U.S. Department of Commerce, Office of Business Economics
Much of the year-to-year reduction
in the size of the adverse balance is
attributable to a drop of more than
$1 billion in the net outflow of U.S.
private capital, although it should be
I
I!
1960
I
II
1961
I
II
1962
I
II
1963
Half Yearly; Seasonally Adjusted.
63-1-18
January 1963
SURVEY OF CURRENT BUSINESS
19
emphasized that data for capital flows percent of the total, international in- foreign purchases of U.S. equity securiare especially variable in the closing stitutions for about $150 million, and ties, with a sizable net liquidation
months of the year, for which only very Japan for nearly $100 million. U.S. taking place after May but perhaps
incomplete data are available. Long- purchases of new European stocks and being reversed at the yearend.
The recorded net outflow of private
term flows appear to have changed only bonds approached $200 million, much
moderately, with lower direct-invest- more than in other recent years, but the short-term capital was probably under
ment flows offset by rising purchases of flow was small in the last half of the $0.5 billion in 1962, since there has
been no indication of extraordinary
foreign securities, but short-term flows year.
The figures given here for new issues yearend flows such as occurred in 1961.
fell by perhaps $1 billion.
The drop in outflows of U.S. capital include only purchases by U.S. resi- Outflows of some size in the early part
in 1962, was partly offset by lower dents—there are also substantial pur- of 1962 consisted mainly of the final
receipts from the lessened flow of foreign chases by foreign investors which have drawings on credits to Japan, and some
capital into U.S. corporate securities. no effect on our balance of payments. liquidation of these credits, which made
Net capital outflows by U.S. com- Moreover, some of the 1962 issues were up a substantial part of the very large
panies for direct investments abroad to finance repayments of U.S. bank outflows in 1960 and 1961, began in
appear to have fallen by 10-20 percent loans or other financing. The large September.
Short-term bank credits outstanding
in 1962 from the relatively high $1% and relatively low cost U.S. capital
billion of 1961. Europe received about market continues to be a major source were reduced on balance after March;
half of the 1962 flow, up slightly from of long-term financing, while other temporary capital flows for " window1961, but the absolute amount is not capital markets are not yet sufficiently dressing77 went to Canada in October,
likely to have changed significantly and developed to serve as adequate alterna- but were quickly reversed in November.
Other short-term capital of nonfinancial
there were some signs of a downturn tive sources of funds.
after midyear. The flow to Canada was
Although U.S. investors were willing concern also appears to have been atsubstantial and prospects for an in- purchasers of new foreign issues, they tracted by the higher Canadian interest
creased rate of investment improved sharply reduced their purchases of rates on relatively liquid assets.
Outflows of short-term capital were
after midyear, though the flow would foreign equity securities after the worldstill be considerably under the amounts wide decline in equity security markets limited during the year by the efforts of
experienced in earlier periods when early in the year. However, the reduc- monetary authorities to influence the
major resource developments were tion in outflows of this type by roughly interest rate differentials on comparable
$0.2 billion was matched by the drop in liquid assets, and also to take approundertaken.
For Latin America the overall flow
of capital from U.S. companies had
contracted sharply by mid-1961, and
was not resumed in 1962, although the
last quarter should reflect some seasonal
rise. Within this overall experience,
Table 1.—U.S. Balance of International Payments, 1960-62 l
however, it appears that flows for manu[Billions of dollars; seasonally adjusted]
facturing to countries other than Brazil
have been well maintained. Sizable
1962
1961
flows are continuing to other areas,
Change
I
I
II
H i (improve1960
mainly for resource development in lessTotal
Total
ment+)
1961-62
developed areas, and also to Australia
Half year
Half year
and Japan.
expenditures abroad, total
31.3
31.8
15.1
16.7
16.4
32.9
16.5
-1.0
Purchases of new foreign bonds and U.S.Merchandise
6.8
imports
14.7
14.5
7.7
16.2
8.2
8.0
— 1. 7
Military
expenditures
2.9
1.5
1.4
1.5
3.0
3.0
1.5
-0.1
stocks offered in the United States
Other services, income, remittances and pensions 6.2
6.4
3.1
6.7
3.3
3.3
3.4
-0.3
spurted sharply in 1962, with the year's
4.1
1.8
Government grants and capital outflows
3.4
2.3
2.1
4.3
2.2
-0.2
(of which, dollar payments to foreign countotal perhaps double the $0.5 billion of
tries and international institutions)
(0.6)
(0.7)
(0.6)
(1.3)
n.a.
n.a.
n.a.
(1.2)
1961. The outflow was especially large
U.S. private capital
3.9
4.0
1.5
1.9
2.0
2.7
1.2
+1.3
(of which short-term)
(0.9)
(1.5)
(0.2)
(0.6)
n.a.
n.a.
n.a.
(1.3)
in the fourth quarter, when Canadian
28.0
15.3
31.7
16.0
U.S.
receipts
from
abroad,
total
29.9
14.6
15.7
+1.8
borrowers were prompted to come into
9.8
19.5
Merchandise exports
19.9
10.1
20.4
10.4
+0.5
10.0
(8.8)
(Other than Government financed)
(8.9)
n.a.
n.a.
n.a.
(17. 7) (17. 7)
(9.3)
this market by the continued lower
7.5
8.2
4.0
Services, income, and military sales
_
4.2
9.0
4.5
4.5
+0.8
1.3
0.4
Repayments
of
U.S.
Government
loans
__
0.6
0.3
1.3
0.9
1.0
borrowing costs here, the changed atti0.5
+0.4
Foreign capital other than liquid funds
0.3
0.4
0.6
0.1
1.0
0.6
tude of the Canadian Government Total recorded transactions (receipts +)
0.2 -2.1 -1.2
+0.7
-3.3 -1.9
-0.7
-0.5
toward such financing, and the advan—0.6 —0.6 —0.4 -0.2
-0.8
-0.2
-0.8
tage of a reduced and stabilized value Balance = change in gold and convertible currencies
held by monetary authorities and increase in U.S.
of the Canadian dollar. The Canadian
-0.2
+0.3
liquid liabilities ..
-3.9
-2.5
-2.0
-0.7
-2.3
-1.3
Government itself was a major borrower
Detail may not add to totals because of rounding.
in that period. For the year as a whole,
n.a.—Not available.
1.
Data for the last half of 1962 are preliminary and incomplete.
Canadian
issues
accounted
for
about
40
20
priate action to prevent the pattern of
spot and forward exchange rates from
accentuating such differentials. Reciprocal credit facilities entered into by
the Federal Reserve, and continued
Treasury exchange operations, in cooperation with foreign monetary authorities, have also alleviated temporary
pressures in the exchange markets.
The errors and omissions item expanded suddenly to a net debit of
over $0.4 billion in the third quarter,
and apparently continued negative in
the fourth quarter. In the third
quarter this may well have reflected a
return flow of capital to Canada after
confidence in the Canadian dollar was
restored and Canadian interest rates
were sharply raised.
These flows
probably continued on a reduced scale
into the fourth quarter, though Canadian authorities quickly pushed down
short-term interest rates.
SURVEY OF CURRENT BUSINESS
liquid U.S. Government obligations
during 1962.
Also of considerable benefit in 1962,
as in 1961, were advance repayments of
postwar credits amounting to some
$665 million. France repaid $470 million, Italy $179 million, and Sweden
$16 million. Regularly scheduled repayments on loans were also higher in
1962. These large lump sum repayments by countries currently accumulating dollars are well timed to smooth
out changes in international reserve
January 1963
Official gold reserves of foreign countries outside the Soviet bloc probabty
increased by less than $1.5 billion,
although the supply of gold included
not only the U.S. sales but also new
production on the order of $1% billion
and sizable sales by Russia. This
indicates that over $% billion of gold
was purchased by private foreign holders. Despite this unusually large demand, the price of gold was held quite
stable during the year. Comparatively
little speculative pressure was evident
in the exchange markets even at the
time of the Cuba crisis, and as the
year
ended the relatively low price
INDUSTRIAL PRODUCTION INDEXES
indicated a considerable reduction in
FOR MAJOR COUNTRIES, 1955-62
the nonmonetary demand for gold.
Increases Slow Down or Are Reversed
in Recent Period
Increases in gold holdings were registered primarily by France, the United
1953 = 100 (ratio scale)
Kingdom, South Africa, Spain, Austria,
400
and Belgium. Canada experienced
large losses prior to the middle of the
year and Argentine holdings were also
U.S. Government international
300
reduced
considerably.
operations
Jopcj
Relatively few countries added subA major share in the improvement of
stantially to their liquid dollar holdings
the balance of payments in 1962 was
in 1962. Canadian holdings were bolaccounted for by higher receipts by the
stered by $650 million of special
U.S. Government, while expenditures 200
assistance provided in June, and by the
abroad were held steady. Defense
subsequent return of short-term funds
expenditures abroad did not vary
and long-term borrowing abroad. Resignificantly from the $2.9 billion of
payments on the special assistance were
1961. Total transfers under grant and
made late in the year. France was the
capital assistance programs rose moderprincipal European gainer of dollar
ately, but outlays resulting in cash
assets in the year, despite the large
disbursements to foreign countries were 100
n 1 i 1 i I 1 I I i repayments to the United States and
probably less than in the previous year.
1955 56 57 58 59 60 61 62 63
Canada on postwar loans. British
Annua!
. Quarterly
Net outlays connected with military
Seasonally Adjusted
dollar holdings were substantially reoperations were reduced by roughly 0 Estimated
Data: OECD, IMF, UN, & FRB
duced, but this reflected the liquidation
$0.6 billion, mainly representing an
U.S. Department of Commerce, Office of Business Economics
63-1-19
of drawings on the IMF in 1961 by the
acceleration of deliveries of military
United Kingdom and Australia, as well
items purchased by European countries
as some rebuilding of gold stocks.
and payments for future deliveries.
Germany and Italy had only minor
positions.
By
the
end
of
1962,
howIn line with the increased cooperachanges
in dollar holdings in 1962;
tion of monetary authorities noted ever, most countries experiencing reserve
gains
had
repaid
all
or
a
substantial
part
above, the U.S. Government also beneGermany accelerated dollar payments
fited from some $250 million received of their 1946-49 borrowing in the for military purchases here and Italy
from the sale of 15-month bonds de- United States.
repaid loans. Several other European
nominated in Italian lire and Swiss
countries added moderate amounts to
Changes in foreign reserves
francs in the closing months of 1962.
dollar holdings, and Japan's austerity
The decline in the gold stock of the
In addition, subscriptions to the Interprogram yielded some dollar gains.
national Development Association and United States was about $0.9 billion in
Dollar holdings of the IMF and other
the Inter-American Development Bank 1962, slightly more than in 1961. Sales
were invested in non-marketable U.S. to foreigners were heaviest early in international institutions rose by over
Government obligations during the the year and in July. The U.S. gold $1 billion in 1962, as large repayments of
jear. Under these various arrange- slock is also reduced by the continuous earlier drawings were received, as well
ments, there was an increase of over growth in domestic demand for gold as new capital funds and net income
from operations.
$% billion in foreign holdings of non- to be used in industry.
BUSINESS STATISTICS
J_ HE STATISTICS here update series published in the 1961 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) contains data by months, or quarters, for the years 1957 through 1960 (1951-60, for major
quarterly series) and averages of monthly or quarterly data for all years back to 1939; it also provides a description of each series and references
to sources of earlier figures. Series added or significantly revised after the 1961 BUSINESS STATISTICS went to press are indicated by an asterisk
(*) and a dagger (t), respectively; certain revisions for 1960 issued too late for inclusion in the aforementioned volume appear in the monthly
SURVEY beginning with the July 1961 issue. Except as otherwise stated, the terms "unadjusted" and "adjusted" refer to adjustment for seasonal
variation.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided
through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959 | 1960 1961
Annual total
1960
1959
III
| IV
I
II
1961
III
IV
I
II
1962
III
IV
I
| II
III
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT!
Xational income, totalf..
Compensation of employees, total
__bil. $
400.5
415.5
427.8
400.6
403. 9
413.9
417. 2
416. 6
414.4
411.8
424.3
431.3
444.0
448.9
456.7
459,8
do
278, 5
293. 7
302.2
280. 2
283. 0
290. 6
294.6
295. 8
293.9
294. 1
300.2
304. 5
309.9
315.2
321.7
323.8
258. 5
213.1
9.9
35.4
20.1
46.5
35. 1
11.4
11.9
271.3
222.9
9.9
38.5
22.4
46.2
34.2
12.0
11.9
278.8
227. 0
10.2
41.6
23.4
47.8
34.8
13.1
12.3
259. 9
214.4
9.9
35.7
20. 3
46.0
35.4
10.6
11.9
262. 5
216. 5
9.8
36.1
20.6
45. 9
35. 1
10.8
11.9
268. 5
221.6
9.8
37.1
22.0
45. 2
34.5
10.7
11.9
272.2
224.4
9.8
38. 0
22. 3
46.9
34.5
12. 4
11.9
273. 3
224.2
9.9
39.1
22.5
46.3
34.1
12.2
11.9
271.3
221.6
10.0
39.7
22.6
46. 5
33.8
12.7
12.0
271.2
220. 8
10.0
40.4
22.9
46.5
33.7
12.8
12.0
276.9
225.8
10.0
41.2
23.2
47.2
34.5
12.7
12.2
281.0
228. 8
10.0
42.2
23.5
48.1
35.1
13.1
12.3
286.1
232. 5
10.8
42.8
23.8
49.5
36.0
13.6
12.5
289.9
235. 0
11.2
43.7
25.2
49.1
36. 2
12.9
12.6
295. 9
240.1
11.2
44.6
25.8
49.5
36.8
12.8
12.8
297.8
241. 4
10.9
45.5
25.9
49.7
37.0
12.8
12.9
Wages and salaries, total
.do
Private
do
Military
.
do
Government civilian
do
Supplements to wages and salaries
-do
Proprietors' income, totalcf
do
Business and professionalcf
do
Farm
_
do
Rental income of persons
do
Corporate profits and inventory valuation adjustment, total
bil $
47.2
45.6
45.5
46.1
46.0
48.6
46.2
44.4
43.3
40.1
45.0
46.0
51.1
50.4
50.7
51.0
do
do
do
__do
do
do_
47.7
23 2
24. 5
13.7
10.8
45.4
22 4
23.0
14.4
8.6
.2
45.6
22 3
23. 3
15.0
8.3
.0
46.5
22.6
23.9
14.1
9.8
45.3
22. 0
23. 3
14. 2
9. 0
49. 2
24. 3
24. 9
14.3
10.6
-.6
46.4
22.9
23.5
14.2
9.2
-.2
43.3
21.4
21.9
14.4
7.5
42.8
21.1
21.7
14.5
7.1
.5
39.8
19.4
20.3
14.7
5.6
.3
44.8
21.9
22 9
14.8
8.1
46.3
22.6
23. 7
14.9
8.7
-.3
51.4
25.1
26.3
15.5
10.8
-.3
50. 1
24.4
25.6
15.8
9.9
.3
50. 9
24.9
26.1
15.8
10.3
-.2
51.1
24.9
26.1
15.8
10.3
— .1
__do
16.4
18.1
20.0
16.4
17.0
17.6
17.7
18.2
18.8
19.1
19.8
20.3
21.0
21.5
22.0
22.5
do
482.7
503. 4
518.7
482.7
488. 5
501.7
504.8
503.7
503. 3
500.8
513.1
522. 3
538. 6
545. 0
552.0
555.3
Personal consumption expenditures, total. .do
313.5
328. 5
338.1
316.7
318. 8
323. 9
329.9
329. 8
330. 5
330.5
335. 5
340.1
346. 1
350. 2
354. 9
358. 2
43.6
18.1
18.9
147.1
27.5
77.7
11.1
122. 8
18.1
39.6
10.0
44.8
18.8
19.1
151.8
28.1
79.5
11.7
131. 9
19.6
41.8
10.7
43.7
17.2
19. 3
155. 2
28.6
81.1
11.9
139.1
20. 6
43.9
11.1
44.9
18.9
19.2
147.7
27.7
77.4
11.3
124. 0
18.2
39.9
10. 2
43.1
16.9
19.3
148.9
27.8
78.3
11.3
126. 8
18.8
40.3
10.5
45.1
19.0
19.3
150.0
28.1
78.5
11.5
128. 9
19.2
40.9
10.6
45.8
19. 5
19.2
152.6
28.3
79.9
11.6
131.5
19.6
41.7
10.6
44.5
18.3
19.1
152. 5
28.4
79.5
11.7
132. 8
19.7
42.2
10.6
44.0
18.3
18.7
152.3
27.8
80. 2
11.9
134. 2
20.0
42.6
10.7
40.8
15.4
18.4
153.5
28.1
80.3
11.9
136.2
20.2
43.1
10.9
43.5
16.9
19.2
153. 9
28.0
80.6
11.7
138. 0
20.6
43.6
10.9
44.0
16.9
19.7
156.2
29. 0
81.5
11.9
139.9
20.7
44.1
11.1
46.6
19.4
19.8
157.2
29.2
82.1
12.1
142. 3
21.0
44.8
11.4
46. 3
19.1
19.7
159. 9
29.8
83.7
12.1
144. 1
21.3
45. 2
11.5
47. 2
20. 3
19.3
161. 3
29.8
84.2
12.3
146.3
21.8
45.7
11.5
47.1
19.3
20.1
163. 0
30. 3
85.3
12. 5
148.1
21. 9
46.2
11.6
do
72.7
72.4
69.3
68.8
73.2
79.1
73.5
70.3
66.5
60.1
67.6
72.4
76.6
75.9
77.4
76.3
do.
do
do
do
do
40.2
22 3
25.9
6.6
6.5
40.7
21 1
27.6
4.1
3.7
41.6
21 0
25.5
L9
41.0
22 6
26.6
1.1
1.1
39.6
21.3
26.4
7.1
7.0
40.9
21.5
27.4
10.8
10.6
40.7
21.2
28.4
4.4
4.1
40.5
21.0
27.7
2.1
1.7
40.7
20.5
26.8
-1.1
-1.5
39.3
19.0
24.4
-3.6
-3.9
41.0
20.1
24.6
2.1
1.8
42, 6
21.9
25. 8
4.0
3.8
43.2
22. 8
27.4
6.0
5.9
41.6
21.2
27.6
6.7
6.6
44. 5
23.3
28.9
4.0
3.9
46.1
24.3
29.2
1.0
1.0
do
do
do
— 8
22 9
23.6
2 9
26.4
23. 5
4.0
27.3
23. 3
-.5
23.8
24.3
.0
23.8
23. 9
1.4
25.3
23.9
2.4
26.5
24,2
2.8
26. 5
23. 6
4.9
27. 2
22.3
5.3
27.4
22 2
4.0
26.4
22.4
2.8
26.9
24.1
3.8
28.3
24.5
3.7
28.2
24. 5
3.7
29.0
25. 3
2.5
28.3
25.8
97.2
53.6
46.2
43.6
99.7
53.2
45.7
46. 5
107. 4
57.0
49. 0
50.4
97.8
54.0
4t>. 4
43.8
96. 5
52. 8
46.1
43.7
97.2
52.5
45. 4
44.7
99.0
53.1
45.8
45.9
100.8
53.6
45.7
47.2
101.4
53. 6
45.8
47.8
104.8
55. 4
47.7
49.4
106. 0
56.6
49.0
49.4
106. 9
56.5
48.4
50.4
112.1
59. 5
50.8
52. 6
115.2
61.9
53.0
53.3
116. 0
62. 1
53.2
54. 0
118.2
62.7
54.0
55. 5
476. 1
244. 0
91.5
152. 5
175. 8
56.3
499. 4
254, 1
95. 0
159.2
188. 6
56.7
516. 6
257. 2
94, 0
163.3
200. 7
58.6
481.5
247. 0
93.1
153.9
177.6
56.9
481.4
245.7
91.9
153. 8
181.3
54.4
490. 8
251. 3
94.0
157. 3
183.8
55.8
500. 4
256. 2
96.9
159. 3
187.7
56.4
501.5
254.9
94.8
160. 1
189.9
56.8
504. 4
254. 1
94.2
160. 0
193. 1
57. 2
504. 4
251.6
90.2
161.4
195. 9
56.8
511.0
254. 4
92.6
161.8
199.0
57.5
518.3
257.8
94.3
163.5
201.3
59.2
532. 6
265. 0
98.8
166.3
206. 6
61.0
538. 3
268. 2
99.9
168.4
211.1
59. 0
547. 9
272. 6
102. 6
170. 0
213. 5
61.8
554. 2
274.7
103. 0
171.7
215. 9
63.6
4.1
Inventory change, total
do. _.
6.6
2 1
7.1
2.1
10.8
4.4
1.1
-1.1
Durable goods
___do
3.5
2.3
.0
-2.0
2.6
8.6
2.8
-3.3
1.0
Nondurable goods.
__ _
do
2.1
3.1
3.1
4.5
2.2
1.8
1.1
2.2
1.6
T
Revised.
f Revised series. Estimates of na tional in come aiKI produc ; and pei"sonal
eludes d ata not shown ser>aratelv.
-3.6
-5.5
1.9
2.1
-1.3
3.4
4.0
3.4
.6
6.0
3.5
2.5
6.7
3.5
3.1
4.0
1.9
2.2
1.0
1.9
-.9
Corporate profits before tax, total
Corporate profits tax liability
Corporate profits after tax
Dividends
_
_
Undistributed profits
Inventory valuation adjustment.
Net interest
.
. ._
Gross national product, totalf..
Durable goods, total ©
do
Automobiles and parts
do. __
Furniture and household equipment__.do
Nondurable goods, total®
do_ __
Clothing and shoes
do
Food and alcoholic beverages
do. _
Gasoline and oil
do
Services, total 0
do
Household operation
do
Housing
do
Trail spor tation
do
Gross private domestic investment, total
New construction
Residential nonfarm
Producers' durable equipment
Chanee in business inventories
Nonfarm
Xet exports of goods and services
Exports
Imports
Govt. purchases of goods and services, total., do
Federal (less Government sales)
do
National defense 9
do
State and local
__do
By major type of product:*f
Final sales, total _~ __
Goods output, total
Durable goods
Nondurable goods
Services
Construction
_
_
_ do _
do
do
do
do
do
r
inomnp. hn.vp, bppn rpvisp.rl hank to IQftQ- revisions nrio r to Mav 1Q61 for IP r son a 1
nfomp n rmpnr
dflta ha ^lr tn 1Q4 7
QPP n
9Go^-ernmenI t sales are not ded acted.
^ r»f thp Tnlir 1Qfir STTT>VTT \T
*For qu arterly
S-l
SURVEY OF CUEEENT BUSINESS
S-2
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1959
1960 | 1961
Annual total
1961
1960
I
II
January 1963
III
IV
I
II
1962
III
IV
1963
I
II
III
IV
I
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.f
Quarterly Data Seasonally Adjusted at Annual Rates
GNP in constant (1954) dollars
Gross national product totalf
_
bil. $
428.6
440.2
447.9
440.9
442.3
439.7
437.7
433.9
443.9
450.4
463.4
467.4
470.8
471.6
Personal consumption expenditures total do
288.9
298.3
304.3
295.6
299.7
299.1
298.8
298.2
302.5
306.0
310.6
313. 9
316.9
319.0
do
do
41.0
138.7
109.2
42.2
141.4
114.7
41.6
143.3
119.4
42.4
140.6
112.6
43.0
142.3
114. 5
41.8
141.9
115.4
41.8
140.7
116.3
39.0
141.5
117.7
41.3
142.3
118.8
41.7
144.4
120.0
44.4
144.9
121.4
44.1
147.0
122.8
44.6
148.1
124.1
44.6
149.5
125.0
do
61.7
60.7
57.8
66.7
61.5
58.6
55.8
50.0
56.5
60.4
64.1
63.3
64.1
62.4
do
do
do _
34.4
21.4
5.9
34.3
22.7
3.7
34.8
21.1
2.0
34.6
22.6
9.6
34.2
23.3
4.0
34.0
22.7
1.9
34.3
22.2
33.0
20.1
-3.0
34.3
20.2
2.0
35.6
21.3
3.5
36.1
22.7
5.4
34.6
22.8
5.9
36.7
23.8
3.7
37.7
24.0
.8
-2.1
1.5
1.8
_ 2
1.0
1.5
3.3
3.5
1.7
.7
1.4
1.3
80.1
43.9
36.2
79.8
42.3
37.4
84.0
44.5
39.4
78.4
42.0
36.4
80.0
42.9
37.1
80.5
42.7
37.8
79.9
41.8
38.1
82.2
42.9
39.2
83.3
44.4
38.9
83.3
44.1
39.2
87.2
46.7
40.5
88.9
48.3
40.6
89.2
48.6
40.6
90.5
49.0
41.5
383. 9
46.8
337. 1
400.8
51.4
349. 4
416.4
52. 8
363.6
395.4
51.4
344.0
401.4
51.9
349.6
403.1
51.4
351.7
403. 7
50. 9
352. 7
405. 4
51.0
354.3
413.5
52.5
361.0
419.4
53.0
366.3
427.3
54. 6
372.6
432.0
56.4
375.6
439.5
57.7
381.8
442. 6
58 5
384.1
23.6
20.9
25.6
20.1
19.7
22. 0
22.2
23.8
25.5
26.3
26.5
25.4
26.9
26.0
Durable goods
Nondurable goods
Gross private domestic Investment total
New construction
Producers' durable equipment
Change in business inventories
Government purchases of goods and services, total
Federal
State and local
do
do
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
bil $
TvC^s' Personal tix and nontax payment 0
do
Equ*~ils° Disposable personal income
do
Personal savins §
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly totals or averages:
All industries
bil. $
-.3
8.14
8.92
8.59
7.89
9.28
8.98
9.53
7.57
8.61
8.65
9.54
8.02
9.50
9.62
i 10.28
28.48
Manufacturing
Durable goods industries
.
Nondurable goods industries
do
do__
do
3.02
1.44
1.57
3.62
1.80
1.82
3.42
1.57
1.85
3.09
1.55
1.54
3.76
1.88
1.88
3. 62
1.80
1.81
4.01
1.95
2.06
3.00
1.41
1.59
3.46
1.58
1.88
3.34
1.50
1.84
3.88
1.79
2.09
3.14
1.44
1.69
3.69
1.77
1.92
3.72
1.79
1.93
4.26
2. 15
2.11
3.33
1.57
1.76
Mining
Railroads
Transportation other than rail
Public utilities
Commercial and other
_
do
do
do
-_do
do
25
.23
.51
1.42
2.72
.25
.26
.48
1.42
2.89
.24
.17
.46
1.38
2.92
.22
.25
.47
1.18
2.69
.27
.29
.55
1.42
2. 99
.25
.24
.47
1.50
2.90
.24
.25
.46
1.58
2.99
.21
.17
.41
1.09
2.69
.26
.18
.48
1.39
2.85
.25
.16
.47
1.50
2.94
.26
.16
.50
1.54
3.20
.26
.16
.47
1.06
2.94
.27
.26
.60
1.37
3.30
.28
.24
.50
1.54
3. 35
.30
.21
.48
1.50
3.53
.26
. 17
.40
1.07
3.26
35.15
36. 30
35. 90
35.50
33.85
33.50
34.70
35.40
35.70
36.95
38.35
14.10
7.15
6.95
14.70
7.40
7.30
14.65
7.35
7. 30
14.40
6.85
7.55
13.75
6.50
7.25
13.50
6.20
7.30
13.65
6.10
7.55
14. 00
6.40
7.60
14.20
6.55
7.60
14.45
6.95
7.50
15.05
7.25
7.80
15. 50
7.75
7.75
14.95
7.10
7.85
Public utilities
do
Commercial and other
do
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adjusted)
thous _ 3 4, 583 34,658 3 4, 713
1.00
1.00
2.00
5.75
11.35
1.05
1.10
2.15
5.70
11.60
1.00
1.00
1.90
5.60
11.75
.90
1.00
1.80
5.70
11.65
.95
.70
1.75
5.35
11.30
1.00
.70
1.80
5.50
11.05
1.00
.65
1.90
5.65
11.85
1.00
.60
1.95
5.55
12.35
1.15
.70
2.05
5.15
12.45
1.05
.95
2.25
5.40
12.85
1.10
1.00
2.00
5.75
13.40
1.15
.80
1.80
5. 40
13.70
1.15
.70
1.80
5.30
13.80
4,690
4,710
4,720
4,730
4,740
4,750
4,760
4,770
4,780
4,790
4,800
U.S. BALANCE OF INTERNATIONAL
PAYMENTS*
Quarterly Data are Seasonally Adjusted
U S payments recorded
mil $
Seas. adj. qtrly. totals at annual rates:
T) uraoie
V>1
r f ~ in
] ~ d IK«?t
goous
ip<? ___
Mining
Railroads
do
do
Imports:
Merchandise
Military expenditures
Other services
Remittances and pensions
Govt. grants and capital outflows
U.S. private capital--Direct investments
Long-term portfolio
Short-term __
U.S. receipts, recorded
do
-
Exports:
Merchandise
Services and military sales
Repayments on U.S. Govt. loans
Foreign capital other than liquid funds
29, 548
31,317
31, 805
7,549
7,690
8,000
8,078
7,690
7,411
8,082
8,622
8,283
8,093
8,282
do
do
do
do
do
15, 31*
3,107
4,925
791
3,040
14, 723
3,048
5,417
842
3,405
14, 514
2,947
5, 462
878
4,051
3,801
771
1,347
204
768
3. 836
'758
1, 375
205
833
3,664
797
1,368
211
826
3,422
722
1,327
222
978
3,369
770
1,309
221
962
3,417
756
1,337
221
804
3, 840
699
1,388
216
1,094
3,888
722
1,428
220
1, 191
3,920
1,390
234
1,040
4,032
746
1,450
223
1,059
4,130
730
1, 473
221
1,118
do
do
do
do
2,375
1, 372
926
77
3,882
1,694
850
1,338
3,953
1,475
1,006
1,472
658
324
236
98
683
271
209
203
1, 134
415
170
549
1,407
684
235
488
1,059
457
120
482
876
269
218
389
845
429
194
222
1,173
320
474
379
947
230
397
320
583
400
284
-101
610
300
137
173
do
25, 393
27, 984
29, 946
6, 865
7,055
7,002
7,062
7,400
7,953
6,979
7,614 ' 7,685
8,001
8, 057
do
do
do
do
16, 282
7,194
1, 054
863
19, 459
7,554
636
335
19, 915
8, 151
1,274
606
4, 657
1,827
170
211
4, 876
1, 909
147
123
4,940
1,843
172
47
4,986
1,975
147
-46
5, 061
2,008
133
198
4,768
2, 060
851
274
4,940
1, 951
81
7
5,146
2,132
209
127
5, 063
2,189
143
4290
5,339
2.326
220
116
5,170
2,200
616
71
-684
-635
-998 -1,016
542 -1,103 -1,008
-598
-92
-225
Excess of recorded receipts or payments (— )._.do
Unrecorded transactions
do
Total, net receipts (+) or payments (— )
do
Major special transactions
do
Total, excluding special transactions
do
-4, 155 -3, 333 -1, 859
412
-592
-602
-3, 743 -3, 925 -2, 461
335
-524
4
-775
-680
-695
129
-4, 078 -3, 401 -2, 590
-140
-680
-297
-29
-366
-319
176
-444
-80
* Revised.
» Preliminary.
1
Estimates for Oct.-Dec. 1962 based on anticipated capital expenditures of business.
2 Estimates for Jan.-Mar. 1963 based on anticipated capital expenditures of business.
Anticipated expenditures for the year 1962 are as follows (in bil. $): All industries, 37.41;
manufacturing, total, 14.80; durable goods industries, 7.15; nondurable goods industries,
mining, 1.11; railroads, .86; transportation, 2.04; public utilities, 5.47; commercial and
Digitized for 7.65;
FRASER
other,
13.13.
s Unadjusted. Data represent firms in operation as of Jan. 1; estimate for Jan. 1, 1962
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
-159
-1,157 -1,313
-290
-1,157
-869
724
-319
-548
193
-400
-910 -1,408
75
-835
-520
—888
106
-492
100
-592
-134
-226
76
-302
1
38. 35 2 37. 70
:; : : : :;;;;;::
494
-no
473
-1,192
(based on incomplete data) is 4,752,000.
* Includes changes in nonliquid Govt. liabilities.
t See corresponding note on p. S-l (revisions prior to 3d qtr. 1959 appear on p. 8 flf. of
the July 1962 SURVEY.)
§ Personal saving is excess of disposable income over personal consumption expenditures
shown as a component of gross national product on p. S-l.
t More complete details are given in the quarterly reviews in the Mar., June, Sept.,
and Dec. issues of the SURVEY. Revisions prior to 4th qtr. 1959 will be available later.
SURVEY OF CURRENT BUSINESS
January 1963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
S-3
1961
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec."
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates:t
Total personal income
_bil. $__ 1400.8
i 416. 4
427.8
430.5
428.8
431.9
435.2
438.3
439.7
440.7
441.9
443.0
443.5
445.6
' 448. 2
450 4
do
271.3
278.8
286.4
288.3
287.4
290.2
292.2
295.3
296.0
296.9
297.8
298.1
298.0
298.5
' 299. 8
300.7
Commodity-producing industries, totaLdo
Manufacturing only
do
Distributive industries
do
110.4
87.4
71.8
110.8
87.5
72.9
115.0
91.1
73.5
114.9
91.5
74.5
113.8
90.8
74.4
115.2
92.0
75.0
116.1
92.8
75.4
118.2
94.4
75.8
118.2
94.5
76.1
118.1
94 5
76.2
118.4
94.5
76.4
118.1
94 1
76.6
117.9
94.0
76.7
117.8
93 9
76.9
117.8
94 0
'77 1
117.8
94 0
77 4
do
do
do
40.7
48.4
11.0
43.4
51.8
11.4
44.2
53.7
11.6
44.9
54.0
11.6
44.9
54.4
11.8
45.1
55.0
12.0
45.3
55.4
12.1
45.6
55.6
12.2
45.9
55. 8
12.3
46 5
56.0
12 4
46.7
56.3
12.4
47.0
56.5
12.4
47.0
56.4
12.4
47.1
56.7
12. 5
T 47 2
57 7
12 5
47 5
58 0
59 5
- - do
do_ __
34.2
12.0
34.8
13.1
36.1
13.8
36 2
13.5
36.1
13.1
36 2
12.8
36 4
12.9
36 6
12 8
369 8
I 8
36 8
12 8
36 9
12.7
37 0
12 8
37 0
12. 9
37 1
13 2
r 37 3
' 13 6
37 4
12
15
29
34
12
15
29
34
12
15
30
34
12
16
30
34
9
0
2
5
12 9
16 1
30 4
12
16
^0
35
Wage and salary disbursements, total
Service industries
Government
Other labor income
Proprietors' income:
Business and professional
Farm
-
Rental income of persons
do
Dividends
- do
Personal interest income
do
Transfer payments
__do_Less personal contributions for social insurance
bil. $..
Total nona°ricultural income
-- --do
11.9
14.4
25.8
29.4
12.3
15.0
27 4
33 4
12 5
15.4
28 1
33 8
9.2
9.7
9.9
9.9
10.3
384. 7
399.1
409 5
412 7
2, 892
3, 061
4 958
2, 834
1 , 259
1,576
395
88'*
''73
2, 937
1 319
1,618
409
918
9
65
116
117
116
121
12
15
28
34
5
9
4
0
12
15
28
33
6
6
6
9
12
15
28
33
6
8
8
8
12
15
29
34
9
9
2
6
8
7
9
0
5
I 7
15 8
29 2
34 9
12
15
99
34
10.4
10.4
10.5
10.5
10.5
10.5
10.5
10. 4
10.5
10. 5
411 6
414 8
418 0
4°1 9
492 6
423 5
424 8
425 Q
426 4
428 °
' 430 4
3 344
3 944
9
9
,1*.-U
91 Q
4.
046
0
291
1. 755
389
1 070
282
3, 245
1 6()1
l! 554
410
S58
°63
3. 179
1 546
1 , 633
411
953
233
2. 308
850
1,458
383
813
907
119
r>3
166
->14
129
1 33
158
114
131
141
120
95
79
107
133
136
188
140
155
146
!(».->
1 33
146
135
134
8
8
4
2
8
8
Q
i
8
7
8
2
9
7
0
5
li 0
^99
170
30r 8
3> 7
10.6
^9 2
FARM INCOME AND MARKETINGS^
Cash receipts from farming,
including Government
payments total o71
mil. $ _
Farm marketings and CCC loans, total
do
Orops
- do _ _
Livestock and products, total 9
do
Dairy products
do
Meat animals
-- - do
Poultry and ecgs
-- do _
Indexes of cash receipts from marketings and CCC
loans, unadjusted:^
All commodities
_.1947-49=100—
Crops
do
Livestock and products.
- do —
Indexes of volume of farm marketings, unadjusted :cf
All commodities
_.__1947-49= 100Livestock and products
do
9 94g
9 365
2 428
2 792
3 272
3 S°7
4 983
2. 153
61 5
1, 538
412
869
°30
2, 342
667
1,675
441
949
251
2,407
S73
1, 534
418
854
237
2,717
1 209
1, 508
395
857
241
3,181
1 463
1,718
385
1 ()4f,
'271
3,543
1 »3S
1.705
3 SO
1 015
294
4. 435
95
66
118
88
57
113
96
69
193
99
81
113
112
113
111
131
136
1?6
106
105
150
114
82
139
126
13-1
98
51
1 33
110
H9
413
531
2,310
708
1 . 602
431
904
243
133
(.032
9 39g
•) 9()7
£ 107
396
1 366
324
1 , 825
38°
1 108
313
1*5
171
125
1S2
9
17
155
166
''06
1 34
144
142
146
155
176
140
'200
235
174
1S6
1 57
INDUSTRIAL PRODUCTION J
Federal Reserve Index of Quantity Output
Unadj., total index (incl. utilities) t — 1957-59 =100. .
By industry:
Manufacturing total
do
Durable manufactures
do
Nondurable manufactures
do
Mining-.
_
do
Utilities _
_.
do
By market grouping:
Final products total
Consumer goods
Automotive and home goods
Apparel and staples
Equipment, including defense
Materials
Durable goods materials
Nondurable materials
Seas, adj., total index (incl. utilities) i
By industry:
Manufacturing, total
Durable manufactures 9
Primary metals
Iron and steel
Non ferrous metals and products
108.7
109. 8
115. 8
114.0
113.1
116.4
118. 1
118.3
118.2
119.9
113. 9
117.7
122.2
r 122. 5
108 9
108 5
109. 5
101.6
115.6
109 7
107 0
112.9
102.6
122.8
116 3
115 1
117.9
105. 3
114 0
1151
112. 6
104. 6
119 7
11'? 9
112.5
103. 1
116 6
116 6
119 1
119 0
120 4
117 6
112 8
123.6
106.4
r
103. 7
114 0
113 6
114.5
101. 0
122 8
lie! 6
118 6
118 6
118. 6
103. 5
do
do
do
do
do
109 9
111 0
115. 9
109.4
107.6
111 3
119 7
112. 0
112.9
108.3
117 0
118 9
128.7
115.8
112. 9
115 9
115 1
127.0
111.3
115.4
113 8
113 9
120.1
112.1
113. 6
116 7
116 9
124.3
114.8
116.1
118 6
118 7
127.4
116.1
118.3
m
118 5
129. 3
115. 3
118.6
1 18 2
128. 4
115.1
119.1
121 3
128.8
119.1
121.1
117 5
116 5
118.8
116-0
119. 6
119 4
118 8
102.2
124.3
120. 6
do
do
do
107 6
106 6
108.7
108 4
104 8
112.1
114 7
119 o
117.5
11° 9
110 8
115.1
11° 6
109 5
115. 7
116 1
113 4
118. 8
1176
11 5 3
120. 0
118 2
116 9
119.4
118 0
116 5
119.7
118 7
116 1
121.3
110 7
108 7
112.7
116 1
111 3
121.1
r
123. 3
122.2
119
119. 5
119.6
118.4
104.9
(\
m
o
119. 1
105.5
121.8
107.5
m
m
e
i in 7
r Jig g
r 122. 7
r
114.8
115.6
114.3
116.0
117. 0
117.7
118.4
118.6
119.3
119.7
' 119. 8 ' 119. 3
115 0
115 9
114 4
116 3
117 4
118 1
118 8
118 9
119 7
120 3
r
do
do
do
do
107 0
98 9
96 5
107.5
106 5
105.2
113 0
106 2
103 9
115.9
113 5
109.8
114 5
111 0
110 6
119.2
113 2
111 9
112 9
117.6
115 4
117 5
117 7
122. 0
116 5
116 6
118 5
120. 6
118 5
II99 4
II 6
118.6
118 9
m
118 7
96 6
87 8
117.9
119 8
999 1
9 1
112.9
r 1 1Q ^
101 3
96 5
120.8
110 8
108. 8
113 6
110 4
106.5
115 7
114 7
110.1
120 9
do
do
do
108. 2
124. 3
93.4
103.6
111.9
95.7
112. 2
125. 1
100.4
113. 7
127.9
100. 6
112. 5
126. 9
99. 6
113.4
126. 2
101.5
113.4
126. 3
101.4
116.8
134. 4
100.7
116 5
107. 8
102. 1
115. 5
111.2
115 8
106. 3
101.3
115. 3
112. 8
119 4
107.9
101. 6
123. 2
119.4
119 8
106. 0
102 4
123. 2
118.3
118 9
104.4
96 5
118.3
116. 9
118 5
105. 1
109 2
1?0. 8
115. 5
119 0
104.8
107 9
124. 0
119.0
199 3
110. 3
106 4
126.6
125. 5
109. 5
105. 0
111.9
99.6
107. 7
112. 9
106. 9
112.1
ICO. 2
113. 7
117. 5
113.7
118.9
104. 9
118. 2
117.7
114 1
119.8
107. 3
119. 3
115. 9
113 4
115.5
100. 1
117.3
117.3
114 6
116. 0
103.0
119.0
118.6
116 8
116. 5
104. 0
120. 7
117.5
115 0
117.6
105. 5
117.5
119. 6
116 1
118.3
102. 9
119. 9
Instruments and related products
do
Clay, glass, and stone products
do
Lumber and products
_
__do
Furniture and fixtures
do
Miscellaneous manufactures
do
do
do
do
do
_ _ _ d o _._
m
q
7
110.0
107.3
108.6
110. 2
113.7
115.7
116.4
115.6
115.2
116 8
111.6
123 6
115 6
110.1
122 9
117 5
112.4
124 3
19Q 9
192 9
117.8
199 7
124 5
120.0
130 4
125 9
121.8
131 3
195 4
121. 9
130 1
126 5
124.6
129 0
Revised.
p Preliminary.
The total and components are annual totals.
tSee corresponding note on p. S-l. cf Revised beginning 1959; revisions prior to May
1961 will be shown later.
9 Includes data not shown separately.
^Revised series. The index has been revised, to reflect (1) shift to new comparison base
period, 1957-59 = 100; (2) revision of seasonal adjustment factors back to 1957; and (3) interim
115. 2
126 8
116.8
132.0
103.0
122.1
141.3
104.7
122.0
138.1
107.3
1 99 A
1 9d 7
111.9
107 1
129. 3
125. 2
112.5
107 5
129. 2
125. 5
124 9
113! 7
103 4
127.7
126.9
114.9
107 4
128.3
123.3
119.4
139. 1
101.6
' 121. 5
105. 5
120. 0
116.3
102.4
r
120. 3
r
135. 4
'117.7
r
121. 6
r 1 10 Q
r iig g
109 7
do
do
do
128. 3 r 138.1
125. 9 ' 123.0
122.0 r 122. 5
109.8
96 8
89 5
118.2
117.9
T -i 9 r q
r IOQ 7
108 9
_do
r
1
195 0
r J26 5
r
r
r
r 125. 5
' 107. 1
108.7
Structural metal parts.
Nondurable manufactures
Textile mill products
Apparel products
Leather and products
Paper and products
'125.8
106. 5
do
Machinery
Nonelectrical machinery
Electrical machinery
Transportation equipment
Motor vehicles and parts
Aircraft and other equipment
q
r
120. 3
i 90 4
do
108 5
101 3
100 9
102.8
107 6
106.1
_ __
11 Q 9
r
423 4
116.0
1 9Q A
r
QQ Q
QO
119. 4
0
Q9 S
r
132
115
123.1
118.4
119.3
115.1
r
r
120. 0
117. 8
'115.4
99
120. 5
118. 5
'112.9
118
113
r 1 9fi A.
1 9^ A.
123.9
129 6
123.0
1 9ft r\
122. 6
120
122
138
107
'121.5
<• 137. 8
106.7
r
r
121.8
138.1
'- 107. 2
'121.3
'137.2
r
107. 0
114.9
r
112.7
103 7
'128.2
' 122. 0
-i 9r o
113.2
r 1Q8 3
r |01 5
129. 2
124.4
' 128.2
'122.3
126
111
128
121
121.0
120.3
120.8 '121.5 ' 120. 9 ' 121.0
121.3
117 i
117 i
116 6
115 Q r H4 4
112 7
119.2
118.4
118. 1 r 120. 5 121.4
121.2
100. 5
103.8
100.6
106. 6
100. 8
121.1
119.6
120. 5
120.9 ' 120. 8 120. 6
adjustments in the annual levels of eight series (apparel, food, and chemical groups) since
1957. For figures back to Jan. 1947 for total and summary groups (seasonally adjusted) and
a detailed description of the current revision, see the Oct. 1962 Federal Reserve Bulletin; other
information and earlier figures for all series appear in the separate Federal Reserve publication, "Industrial Production—1957-59 Base."
SURVEY OF CURRENT BUSINESS
1960
Unless otherwise stated, statistics through 19fiO
and descriptive notes are shown in the 19G1
edition of BUSINESS STATISTICS
| 19(51
Monthlyaver age
196
1961
Nov.
1962
Dec.
Jan.
Feb.
I
Apr. I
Mar,
May
Juno
July
Aug.
Oct.
Sept,
Nov.
Dec.*
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION J— Continued
Federal Reserve Index of Quantity Output— Con.
Seasonally adjusted indexes— Continued %
By industry— Continued
Nondurable manufactures— Continued
Printing and publishing
1957-59= 100..
Newspapers
- -do__
Chemicals and products
do
Industrial chemicals
__do__
Petroleum products - do__
1
|
r
110.0
107.3
116.6
120. 1
106. 5
111.5
106. 0
123. 3
129. 6
108. 7
113.1
107. 6
130. 0
139. 1
111.3
113.0
107. 9
130. 0
139. 0
1 10. 7
113. 5
108. 6
128.4
13S.6
112. 2
114.2
109. 4
131. 1
140. 4
111.1
114.1
108. 6
131.8
141.0
114.0
114.4
107. 5
131.6
142. 2
109. 6
114.9
107. 9
135. 7
145.8
112. 6
114.7
108. 6
137. 1
147. 7
115. 1
115.7
1 10. 3
137.6
149.7
113.4 j
116. 3
111.8
138. 3
150. 7
112. 1
116.2
111.3
139. 0
151. 0
113.6
do
-- do
do
do
do._
111.0
106. 6
106. 9
104. 9
107. 4
111.9
110.3
110.6
107. 9
110.8
120. 8
112.8
113. 1
lit). 1
114. 1
125.1
112.0
112.4
108. 7
112.4
119. 6
111.4
112.0
108. 1
109. 1
120.5
111.7
112.2
109. 3
111.1
119. 9
113.2
113.4
112.2
116.8
124. 0
112.3
113.6
105. 2
110.3
130. 2
112.9
113, 9
107. 3
112. 5
132.8
112.9
113. 5
109. 4
108.2
136. 1
114.3
115.1
109. 7
113. 4
134. 8
114. 0
115. 5
105. 9
112.0
133. 4
' 114.6
115. 5
' 109. 8
116.0
do
do
do
- -do. do__ do__
101.6
93.7
101. 0
100. 9
111.8
109. 8
102. 6
90.1
103. 1
103. 0
111.9
109. 4
105. 2
96.9
104.6
103. 2
122.4
107.7
104.7
96.9
104.4
102. 8
125. 0
102. 2
104. 0
98.0
103. 9
102. 7
129. 4
94.5
104.3
95. 2
103. 8
103. 2
131.7
100. 6
104.8
96.3
104. 2
102. 4
128.9"
102. 7
105. 5
97.6
105. 3
104.1
120. 0
106. 9
104.8
92. 2
104. 7
104. 1
116.6
115. 1
104. 6
91.8
105. 3
105.6
109.5
113.8
106. 1
91.8
107. 4
107.7
110.4
114.5
105.5
93.7
106.2
106.7
104. 1
117.9
r 105. 9
do
do__
cio
115. 6
115.7
115. 1
122. 8
123. 2
121. 5
126. 7
127.3
124.7
127 3
128. 0
125. 4
128.3
129. 8
125.5
129. 0
129. 6
126. 9
128. 8
129. 5
126. 5
128.1
129. 3
124.2
129. S
131.8
123. 6
132. 4
135. 1
123. 8
133.5
136. 2
132. 3
134. 5
r 133.
do__
do
do_-
109. 9
111.0
115.9
111.3
112.7
112.0
116.4
117.5
121.8
116.9
117.9
124. 6
115.7
116.5
122. 6
116.8
117.3
121. 8
118.2
118.8
122.7
118.5
119. 1
126.5
120.2
121.1
128. 9
120. 6
120. 9
126.5
121. 7
121.7
127.9
121. 6
120. 9
126. 3
122.0 r 121.5 "•121.7
••121.8 'r 120. 7 r 121. 2
' 127. 6 126. 8 '• 128. 3
Automotive products
do__
Autos
-do_ _ _
\uto parts and allied products.._do. _
123. 2
131.4
112.5
111.8
108.6
116.0
127. 3
131. 5
121. 6
130.8
136. 1
123.7
127.8
132. 8
121.1
123. 7
125. 5
121. 4
122.6
123. 8
121. 0
129.4
133.9
123. 5
132. 8
140. 8
122.3
126.8
1 29. 3
123. 6
135. 2
142.4
125.7
134. 1
140. 0
126. 3
r 135.
Home goods9 Appliances, TV, and radios
Furniture and rue's
110.8
108. 8
111.9
112.2
109.9
112.8
117.9
115.7
120.7
120. 3
116.3
120. 1
118. 8
114.0
118.5
120. 4
116.0
121.0
122.6
120. 3
121. 5
124.4
123. 8
123.8
126. 0
124. 2
124. 5
126.2
123. 3
126. 5
122. 7
118.5
124.3
121.2
115.2
125.4
109.
108.
109.
106.
4
6
6
9
112.9
109. 0
114.0
110.5
116. 1
113.9
116.8
112. 7
115.8
114. 6
116. 1
111.6
114.6
110.2
115.8
111.3
115. 9
113.2
116.6
111. 5
117.6
116. 0
118.0
113.2
117.0
116. 5
117.1
113. 6
118.4
117.1
118.8
114.3
118. 9
118.0
119.2
112.8
119. 8
118.0
120. 3
11 5. 9
118. 7 r 120. 0
1 16. 5 <• 117.8
119.7 r 120. 6
115. 6 ^ 115.7
105. 7
115.3
111.7
112.8
109. 5
120. 7
114.9
119.2
112. 1
125. 2
115.9
] 22. 5
110.7
125. 2
115.2
122.7
108.4
123. 6
116. 2
121.2
109. 9
126. 6
116.9
124. 3
113. 7
127. 5
116. 6
124.8
106.
125.
115.
125.
9
8
7
1
109. 1
129.9
117.4
126. 9
109. 0
131. 9
117.7
130. 7
110.9
131. 5
117.7
128. 3
108. 0
131.0
117.0
127.0
r
108. 3
110. 1
107. 4
127. 0
103 4
93. 4
114. 1
115. 8
111.8
133. 7
113. 7
91.3
114. 9
116.4
113.4
135.2
113. 8
90. 3
112. 1
113.4
112.2
136.3
107 0
87.8
115.0
116.3
113.4
139. 3
109 0
94.3
116. 1
118.0
114.2
141. 7
111.6
99. 9
117.0
119.3
115. 1
144.0
109. 7
102. 6
118. 5
121.2
116.7
144.4
111 2
105. 6
120. 1
123. 1
118.5
144.8
114 9
110.4
121. 8
124. 4
119.0
145. 6
121 0
110.4
123.2
125. 6
119.2
144. 7
124 2
110.8
^ 123. 2
126. 2
118.9
144.9
r
125. 2
' 116.6
Pttibber and plastics products
Foods and beverages
_
Food manufactures
_ _
Beverages
Tobacco products
Mining
Coal
Crude oil ?nd natural gas
Crude oil
Metal mining
- _
Stone and earth minerals
-
Utilitie^
Flectric
Gas
By market grouping: t
Flnnl products total
Consumer goods
'Vutomotive and home goods
do
do_ _
do
Apparel and staples
do
\pparel incl. knit goods and shoes.do _..
Consumer staples
- - -- do ._
Processed foods
do
Beverages and tobacco
_ do
Drugs, soap, and toiletries. . __ do
Newspapers, magazines, books. .. do
Consumer fuel and lighting -do
93.8
r 107.
5
107.8
97. 8
118.2
r
114.6
108.2
139 2
153.0
T
r
113.
r
113.3
113
105. 5
94.0
107. 6
107. 2
r
96. 8
* 114.0
'r105. 3
95. 9
106 2
106.0
107.3
111.6
102. ,93
104
103
133. 5
134. 5
'• 131 5
135 (
r
r
0
135.4
142. 1
126. 6
136. 2
141.1
129. 8
120. 8
'•116.0
125. 8
122.8
118.5
127. 7
3
141.2
127. 5
122.2
115.8
127.9
114
134 1
113. 9
114.6
109. 9
108. 6
134.2
r
6
114.8
109. 7
139 2
r
r
r
!18. 7
117. 8
r
119.0
r
r
114. 0
111.9
109. 5
132. 0
130. 9
117. 0 •' 116.4
' 128. 9 128. 0
1 IS. 9
118.5
119.0
'r 123.0
125. 7
1 20. 3
143. 1
124 0
117. 7
Farm equipment
do
Materials
_. „ _ ._
Durable s?oods materials 9
Consumer durable
Equipment
Construction
_ .
___do
do
do
do
- do ._
107.6
106. 6
117.6
105. 4
106. 3
108.4
104. 8
107. 9
105. 7
105. 2
113.9
110.9
114.0
111.7
107. 5
114.8
111.8
120. 3
113.4
106. 5
113.7
110.8
120. 5
113. 1
103. 0
115. 5
113. 1
119.2
114.5
107. 3
116. 9
1 1 5. 1
124. 1
116.9
109. 9
117.1
116.2
134.7
120. 3
110.7
117.0
114 6
134.5
119. 5
111.4
117. 1
113. 7
1 ->7. 0
120. 8
111.8
117.0
113.8
134.2
119. 3
112. 1
117.7
114.8
130. 6
119. 2
112.6
r 118. 1
r 114.9
r 129. 7
108. 7
108. 3
105. 4
109.8
112.1
110.5
111.3
110.0
116.9
114.2
117.2
112.7
118.0
114. 9
117.1
113. 8
116.6
113.1
114. 1
112.6
117. 8
115.0
116.7
114.2
118.6
115.8
119.7
113.9
117. 9
114. 1
113. 1
114.6
119. 3
116.1
115.9
116 2
120. 5
116. 9
117.5
116. 6
120.3
116. 1
117.2
115.5
120.7
116. 5
116.4
116.6
' 121. 5
104. 7
100. 8
114.8
107. 1
102. 0
121.0
110. 1
104. 1
125. 4
109. 9
103. 4
T>6. 0
110. 5
103 7
127 5
110. 5
103.2
128.0
110. 2
103. 2
128. 0
110. 9
104. 6
127. 7
110.9
103 6
130 2
111.8
104 5
131 4
112.6
106. 1
130. 9
112.0
105. 5
129. 1
' 112.7 ' 113. 1
' 106. 6 <• 106. 5
' 130. 2 131.9
61.04
i 61. 52
64. 40
63. 94
63. 96
64. "4
65. 25
66. 14
66 32
65 18
66.43
66. 01
66.78
T
66. 50
67. 65
30 41
14.68
15 73
30. 73
14. 54
16. 18
32 18
15 62
16. 56
32. 40
15. 66
16. 74
32 04
15. 50
16. 54
32.85
15.95
16. 89
33. 22
16. 33
16.89
33. 48
16. 40
17.08
33 50
16 40
17 10
32 96
15 89
17 08
33. 40
16.33
17 08
33. 29
16. 35
16.93
33. 68
16.34
17.34
" 33 48
- 16. 34
r
17. 14
34 00
16. 54
17 46
12.33
4.44 1
7.89
18.29
5 89
12 40
12. 56
4.28
8.27
18. 23
5 61
12. 63
13.12
4. 46
8. 66
19. 10
6 19
12.91
12 72
4.40
8. 32
18. 83
5 92
12.91
13. 08
4. 55
8,53
IS. 84
5 92
12.92
12.73
4. 53
8. 20
18. 96
5 9S
12. 99
12. 76
4.47
8.29
19. 27
6 18
13. 09
13. 06
4. 59
8.48
19. 60
6 33
13.26
13. 13
13. 38
4.60
4. 52
8.78 | 8. 60
19. 43
19.09
6 03
6 17
13. 06
13. 26
13. 35
4.64
8.71
19. 68
6 38
13. 30
13. 16
4.49
8.67
1 9. 57
6 13
13.44
13.48
4. 69
8.80
19. 62
6 12
13.49
' 13 27 13 46
'4.
60
4. 68
r
8. 67
8. 77
r
19. 74
20. 19
6 53
6 48
r
13. 26
13 66
94. 13
95. 54
95. 12
95. 54
96. 17
90. 70
97. 05
97.26
97. 52
97.88
98.15
97. 90
98. 38
53. 74
30 86
22 88
55. 20
31 47
55. 03
31.53
23.50
55. 20
31 47
23.72
55. 73
31.88
23. 84
56. 18
32. 19
23. 99
56. 57
32. 41
24. 16
56.69
32.47
24.22
56. 81
32. 58
24.23
56. 91
32. 58
24. 34
57. 00
32 63
24.37
56. 97
32 69
21. 28
57. 1 9
32 74
24.44
13. 34
6.80
6.54
26 75
11.44
15. 32
13.48
6.89
6 60
26 86
11 52
15. 34
13.58
6.86
6.73
26 86
11 52
15. 34
13.62
6.83
6.79
26 90
11.48
15. 42
13.70
6.87
6.84
26. 78
11.38
15.40
13.70
6.88
6.82
26 87
11. 43
15. 44
13.78
6. 95
6.83
26 94
11 42
15. 52
13.89
6.97
6.91
27.08
11.45
15.62
13. 97
7. 03
6. 94
27 18
11 59 11
15. 59
13. 88
7. 01
6 87
27 05
11 51
15. 54
--
Nondurable materials 9
Business supplies
Containers _ - _
General business supplies
do
- do _
do
- do __
do
do
- do
do
Business fuel and power
do ___
Mineral fuels
do
Nonre^idential utilities
do
BUSINESS SALES AND INVENTORIES §
i
Mf°' and trade sales (seas adj }, totald"
b1'! $
Manufacturing total
Durable goods
industries
NondurableCT oods industries
__ _
Wholesale trade totalcf
Durable goods establishments
Nondurable goods establishments
Retail trade, totald1
do
do
do
do
- do _.
do
do
Nondurable goods stores
do
M fg. and trade inventories, book value, end of yenr
or month (seas, adj.), total f
bil. $_.
Manufacturing, total
Durable good« industries
Nondurable goods industries
_
_ . d o __
do
_ do
Wholesale trade, totaled
- do
13.21
13 48
6.89
Durable goods establishments
do
6.81
Nondurable goods establishments- - . do
6.40
6 60
Retail trade total f
do
26 86
27 18
12 33
11 52
Durable goods stores
do
15. 34
Nondurable goods stores.. _
-do._ _ 14. 85
••Revised.
» Preliminary.
J Total and components are based
t See corresponding note on p. S-3.
9 Includes data not shown separately.
on unadjusted data,
r 123. 7
r
126. 6
"•120.4
<•r 143. 8
125 6
•- 117. 2
r
r
r
121. 3
' 113. 3
118.1
118.6
117. 9
117. 1
113. 9
127. 6
121.0
111.2
r
120. 5
' 116. 2
'1 15. 9
116.3
r
r
r
r
117.0
114.2
126. 5
120 2
111.0
r 121.6
120
120
123.0
1 9f.
117 7
114
l'>2
117.6
119.0
116.9
112.9
106. 0
98. 70
98. 44
57. 27
32 76
24 51
57 13
3^ 61
24 5?
13.95 r 14 03
7. 08 -7.09
6 87 r 6 94
27 °4 r 27 40
11 66 ! 11 76 i
15. 58 1 r 15. 64
138
142
131.0
116.4
107. 6
110.2
109. 6
120.9
106 1
87.2
Equipment, including defense 9 .
Business equipment
Industrial eouipment
Commercial equipment
122 3
122. 0
130
111
103
"
13 84
7. 06 i
6 78 I
07 4(5
11
«0
!
1
15. 66 1
§ The term " business" here includes only manufacturing and trade. Business inventories
as shown on p. S-l cover data for all types of producers, both farm and nonfann. Unadjusted
data for manufacturing are shown on p. S-5; those for retail and wholesale trade on pp. S-ll
and S-12.
d* See note marked "f" on p. S-ll.
t Revised series. See note marked "%'' on p. S-ll.
SURVEY OF CURRENT BUSINESS
Jamuiry 1908
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
1961
Monthly
average
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dee.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES— Con.
Inventory-sales ratios:*
Manufacturing; and trade, total
__ratio__
Manufacturing total
Durable goods industries
Purchased materials
Goods in process
Finished goods
1.48
1.49
1.50
1.50
1.49
1.47
1 47
1. 50
1.48
1.48
1.47
' 1. 48" 1.46
do
do
_ _ _ _ _ do
do
- _ do
1 71
2.02
.52
.81
.69
1 70
2.01
.52
.81
. 69
1 74
2 06
.54
82
.70
1 71
2 02
.53
81
.68
1 70
1 99
.52
79
67
1 69
1 98
.52
79
67
1 70
1 99
53
79
67
1 73
2 05
.54
82
69
1 71
2.00
.52
80
.68
1 71
2 00
.52
.80
.68
1 70
2 00
. 52
81
68
r
r
do
do
do
do
1.42
54
.20
.67
1 42
54
20
.67
1 44
56
20
68
1 42
55
20
66
1 43
56
67
1 42
' 56
20
66
1 42
55
20
66
1 43
55
20
67
1 43
55
21
67
1 43
55
9
1
68
1 41
54
20
67
do
do
do
do
do
do
1.02
1.52
.76
1.40
1.85
1.19
1.06
1 57
. 79
1.43
1.95
1.19
1.04
1 51
79
1 43
1 95
1 19
1.06
1 51
83
1 42
1 92
1 19
1 07
1 539
8
1 39
1 84
1 18
1.05
1 50
80
1 37
1 81
1 16
1 03
1 51
78
1 39
1 85
1 17
1.06
1 54
80
1 42
1 90
1 20
1.05
1 52
80
1 389
18
1 17
1.06
1 56
79
1. 38
1 88
1.16
1.03
1 51
78
1 39
1 90
1 15
34 67
33 95
31 34
34. 03
33 46
17
2
1
2
16 83
2.15
1 24
2 03
15 06
1 79
1 03
1 89
15. 96
2. 09
1.24
2. 19
15 95
2. 00
1 17
2. 05
Nondurable goods industries
Purchased materials
Ooods in process
Finished foods
Wholesale trade, total „
Durable °"0od° establishments
Nondurable goods establishments
Retail trade total
Durable good'- stores
Nondurable goods stores
9Q
1 71
2 00
.51
82
r
.68
1 68
1 97
.49
80
.68
1 43
55
21
T
67
1 40
54
20
66
1.06
1 54
80
r
I 39
1 81
1 18
1.03
1 51
r
36 10
34 26
T
17 61
r
1 36
1 81
1. 15
MANUFACTURERS* SALES, INVENTORIES,
AND ORDERS
Sales value (unadjusted), total
Durable eoods industries, total 9
Primary metal
_ __
Iron and steel
Fabricated metal
_ _ _
bil. $
30.41
30.73
32.18
31.21
31.43
30 62
34 56
33 17
do
do.
do
do_
14. 68
14.54
2.06
1.25
1.68
15.66
2.17
1.30
1.72
15.35
2.18
1.35
1.62
15 09
2.33
1 47
1.64
14
2
1
1
17
2
1
1
16 41
2.37
1 47
1.80
2.15
1.34
1.67
86
26
42
56
06
61
68
86
24
31
38
01
r 2 17
r
r
do. _
do
_ do
do___
4.72
1.95
2.77
1.16
4.87
2.00
2.87
1.25
5.03
2.19
2.84
1.34
5.14
2.21
2.93
1.37
4.84
2 04
2.80
1.22
4 95
2 05
2 90
1.25
5 64
9 27
3 37
1 47
5.37
2 12
3 25
1.36
5 61
2 20
3 40
1 44
5. 59
2 25
3 34
1.43
4 87
1 92
2 95
1 30
5.38
9
22
3. 15
1.38
5. 28
2 23
3 05
1.34
do
do
do_
do
3.45
2.16
.86
.73
3.24
1.94
.82
.76
3 84
2.50
.87
.80
3 82
2.43
.76
.68
3 73
2.35
. 77
68
3 55
2.18
78
65
4 03
2.52
88
75
3 94
2.47
.88
79
4 23
2.70
94
87
3 96
2. 42
94
90
3 68
2.33
83
84
9 95
1.47
1.05
.95
3 45
2. 04
94
86
do
15.73
16.18
16. 53
15. 86
16. 34
15.76
17.50
16.76
17. 43
17.13
16.29
18. 07
17. 51
do
do
do
_ do
do
do
do
4.70
.40
1.21
1.06
2.31
3.18
.51
4.80
.42
1.22
1.13
2.49
3.21
.50
4. 89
.45
1.32
1.16
2. 55
3.16
.50
4. 70
.40
1.25
1.11
2.39
3.3]
. 49
4. 73
.41
1.29
1. 17
2.63
3.38
. 53
4 58
.37
1 31
1 12
2. 50
3 00
49
5 02
41
1 40
i 27
2.84
3 27
57
4 84
. 41
1 34
1. 18
2.83
3 06
56
5 15
46
1 37
1 22
3.00
3 19
59
5 14
44
1 40
1 23
2. 78
3 14
57
4 94
45
1 21
1 10
2.58
3 10
53
5. 25
.47
1 44
1.28
2. 83
3. 26
55
5 20
.42
1 44
1 22
do___
32.18
32.40
32.04
32. 85
33. 22
33. 48
33 50
32 96
33 40
33. 29
33 68
T
do
do
do
do
15
2
1
1
62
19
31
80
15 66
2.27
1 40
1 80
15 50
2 27
1 42
1 80
15 95
2 41
1 59
1 83
16
2
1
1
16
2
1
1
16
9
1
1
15 89
16
9
1
1
33
04
17
90
16
2
1
1
35
06
°0
88
16
2
1
1
34
05
19
91
r
M^achinerv
Electrical
Nonelectrical
Industrial
do
do
do
do
5
2
3
1
11
10
00
34
5 13
2 10
3 02
1 35
5 10
2 13
2 97
1 30
5 2?
2 18
3 049
13
5 '^0
2 91
3 09
1 37
5
2
3
1
5
2
3
1
37
19
18
42
5 38
2 i^
3 20
1 38
5
2
3
1
32
17
16
40
Transportation equipment
M^otor vehicles and parts
Lumber and furniture
Stone, clay, and glass
do
do
do
do
3.62
2 29
88
83
3.55
2 22
87
80
3.48
2 02
85
80
3 60
3 92
9 43
89
80
3 96
2 50
90
79
39 80
35
88
81
4 05
2 60
89
83
4 05
9 50
919
8
4 05
88
80
3 7«
2 33
8#
78
do
16 56
16 74
16 54
16 89
16 89
17 08
17 10
17 08
17 0*
16 93
17 34
do
do
do
do
do
do
do
4 84
43
1 27
1 19
2 65
3 17
54
4 94
40
1 34
1 22
2 66
3 15
53
4 86
43
1 33
1 19
2 66
3 19
52
4 9f>
43
1 37
1 91
2 75
3 17
56
4 92
42
1 37
1 2°
2 79
3 IS
56
5 07
44
1 41
1 19
2 72
3 16
54
5 00
44
1 39
1 18
9 77
3 °0
56
5 07
41
1 39
1 90
9 71
3 18
53
5 01
45
1 37
1 17
9 79
3 18
55
5 04
44
I 3°
1 18
5 18
43
1 939
19 2
70
•-} 05
Machinery Electrical
Nonelectrical
Industrial . _
_ _ _
Transportation equiprpent
Motor vehicles and parts
Lumber and furniture
Stone clay and glass
Nondurable goods industries, total9
Food and beverage
Tobacco
_ _ _
Textile
Paper __ __ _
Chemical
Petroleum and coal
Rubber
_
_
Sales, value (seas, adj.), total
Durable goods industries total 9
Primarv metal
Iron and steel
Fabricated metal
Nondurable goods Industries, total 9
Food and beverage
Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber
_
Inventories, end of year or month:
Book value (unadjusted), total
_do
Durable goods industries, total 9
Primarv metal _
_
Iron arid steel- __
Fabricated metaL_
Machinery
Electrical.
Nonelectrical
Industrial
_
Transportation equipment
Motor vehicles and parts
Lumber and furniture
Stone, clay, and glass
By stages of fabrication:
Purchased materials
_. .
Goods in process
Finished goods
2 53. 90
2
9 16
33
46
60
89
40
37
49
84
32
29
09
33
5
2
3
1
40
19
33
92
42
25
17
37
9 00
1 16
1 89
5
9
3
1
9
9
19
10
3'?
9 79
'i 13
54
r
1 25
2 08
5
2
3
1
57
36
21
42
18. 50
17. 50
5 26
45
1 459
1 2
2. 72
3 22
T
I 30
r 2. 92
r 3 30
r' (59
53
33 48
34 00
16 34
r 9 ()7
1 18
16
2
1
1
r 1 99
r C
00
9 11
r 3 16
r
1 36
r 4 03
96
85
r 17 14
17 46
r
T
r
-i i\
1 *3Q
1 91
•r 9 79
9 R1
T 3 24
3 21
54. 59
55. 19
55. 98
56. 51
56. 87
57. 00
57. 14
57. 08
56. 65
56. 64
50. 80
r
31.23
4.91
3.05
3.00
30.99
4.82
2 99
9 97
31.23
4.91 •
3 05
3.00
31.84
4.91
3 02
3 12
32. 33
4.90
9 99
3 22
32. 70
4.87
2 92
3 32
32. 82
4. 80
2 86
3 38
32
4
9
3
96
78
84
41
32
4
9
3
87
76
§4
40
32
4
2
3
53
78
86
34
32
4
9
3
39 54
4 73
T 39 48
r
4 72
9 g^
r 2 g2
r 3 j)Q
do
do
do
do
10.27
3.94
6.33
2.48
10.31
3.96
6. 35
2. 46
10
3
6
9
22
98
24
44
10 31
3.96
6.35
2.46
10 46
4.02
6.44
2.49
10 67
4 10
6. 569
2 5
10 88
4 22
6. 66
2 60
10
4
6
2
11
4
6
2
10
39
72
64
11
4
6
2
11
44
66
61
11
4
6
2
01
40
61
61
10 99
4 41
6 57
_do
do
do
do
6.97
3.14
1.83
1.43
6. 93
3.22
1.84
1.46
6. 99
3.19
1.81
1.42
6.93
3.22
1.84
1.46
7.14
3.36
1 86
1.49
7.24
3.44
1 84
1.52
7.25
3. 45
1 84
1.54
do
do
__do
8.20
12. 05
10.56
8. 13
12. 56
10.54
8 11
12. 52
10. 36
7.27
3.46
1 82
1. 55
7.24
3.41
1 83
1.55
7.14
3.36
1 84
1.54
6. 95
3.16
1 87
1.53
9 61
3! 40
1 84
1.50
3 14
99
40
59
63
7.38
3. 56
1 83
1. 50
5 18
44
r 1 Q4
55. 19
10
4
6
2
3 89
g4
89
l 10 4
C A{\
r 90
89
i 1.5 9
2 21
3 28
1 43
9 49
30.81
4.69
2.81
2.98
97
29
68
61
54
16
28
97
9 r>n
r
do__
do
do
do
55
76
85
26
40
31
09
41
r 5 59
45
9 fift
5
9
3
1
4 96
2. 82
94
84
r 1 51
3 07
76
10
23
88
2. S3
I 02
95
r 4 36
r
r
r
16
2
1
1
57. 01
r 11 04
T \ 40
6 64
r 9 (^4
7.43
3.54
r 1 81
1.49
56. 96
39
4
9
9
34
66
78
99
11
4
6
9
09
41
68
04
7.38
3. 52
1 80
1.51
8 13
T C ^8
8 42
8 25
8 43
8 31
8 50
8 59
8 60
8 53
8 51
8 94
12.56
13. 06
12. 73
12. 95
13. 05
13.07
12. 89
13.00
13.11
13.30 * 13. 34 13. 28
10. 54 1 10.86 ' 11.06
11.23
11.33
11. 39
11. 05
11.34
10.85
10.73 r 10. 76
10. 82
r
2
Revised.
i Advance estimate.
Total and components are end-of-year data.
for the manufacturing and wholesale trade segments appear on p. 20 of the June 1961 SURVEY:
*Stock-saIes ratios are based on the seasonally adjusted sales and inventories series
data prior to 1961 (recently revised) for total manufacturing arid trade arid for retail trade
presented on this page and on pp. S-4, S-6, and S-ll. The ratios are derived by dividing
are available upon request.
end-of-month inventory book values by total sales during the month. Data back to 1955
9 Includes data not shown separately.
SUR\7EY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
End of
year
January 1963
1961
Nov.
1962
Dec.
Jan.
Mar.
Feb.
Apr.
May
Tune
July
Aug.
Sept.
Oct.
Nov.
24. 53
24.62
- 5. 63
Dec.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES,INVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month— Continued
Book value (unadjusted)— Continued
Nondurable goods industries, total 9 — bil. $_.
Food and beverage
Tobacco
Textile
Paper
Chemical
.Petroleum and coal
Rubber
By staws of fabrication:
Purchased materials
Goods in process
Finished goods
j
23.09 I
23. 60
23. 96
24. 14
24.18 ;
24. 1 7
5 27
2.31 j
2.83
1.73
4.41
3.30
1.19
5. 18
2.27
2.89
1.75
4.44
3. 31
1.21
9. 53
3.39
11. 26
9. 60
3.41
11.16
do
- do_ __
do
_ do
do. __
-- _do~ _ _
- do
5 18
2.08
2 63
1.63
4.19
3. 32
1.14
5.44
2.28
2. 68
1. 08
4. 35
3. 43
1. 13
5.46
2.11
2. 64
1.66
4.23
3.46
1.11
5.44
2.28
2. 68
1. 68
4. 35
3.43
1. 13
5.40
2.34
2.78
1.70
4.35
3. 31
1. 16
do
do__ .
do
8. 99
3. 00
11.10
9. 38
1L31
9.03
3.30
11.26
9. 38
3.27
11.31
9.51
3.36
11.26
-
-
Durable goods industries total 9
Primary metal
Iron and steel
Fabricated metal
__
_
Transportation equipment
Motor vehicles and parts
Lumber pnd furniture
Stone clav and glass
By stages of fabrication:
Purchased materials
Ooods in process
Finished goods
24. 22
24.12
24.08
24. 26
5. 1 5
2.20
2. 91
1. 76
4.41
3. 35
1.21
5.10
2.14
2. 96
1.77
4. 33
3.37
1.20
5.12
2.07
2.91
1.78
4.34
3.40
1.20
5. 16
1.99
2.86
1.74
4.35
3.45
1.19
5.32
2.02
2.79
1.73
4.32
3.45
1.18
5.48
2.10
2.73
1.71
4.31
3.53
1.18
*r 4.38
3. 53
1.19
5. 67
2.14
2.75
1 7?
4. 45
3.51
1.20
9. 55
3.44
11. 20
9. 42
3.51
11.26
9.31
3. 53
11.37
9.22
3.60
11.30
9.08
3.54
11.47
9.09
3.52
11.65
-9.33
- 3. 51
11.69
9.48
3. 48
11.67
-2^74
r
1.71
53. 74
55. 20
55. 03
55. 20
55. 73
50.18
56. 57
56.69
56. 81
56. 91
57.00
56.97
57.19
- 57. 27
57. 13
31.47
4.78
2.89
3. 16
31. 53
4.74
2.86
3.15
31.47
4.78
2.89
3. 16
31.88
4.84
2.94
3.23
32. 19
4.89
2.98
3. 25
32. 41
4.91
2.98
3.27
32.47
4.86
2. 93
3.29
32. 58
4.85
2 92
3.26
32. 58
4.83
2.91
3.22
32. 63
4.80
2.89
3.23
32.69
4.77
2.86
3.22
32.74 - r32. 76
4. 67
4.74
2.83
3.21 - 3^ 16
32. 61
4.58
2 71
3.12
do
do
do
-_ _-do
10.40
4.02
6.38
2.51
10. 46
4.03
6.42
2.49
10. 42
4.07
6.34
2.47
10. 46
4.03
6.42
2.49
10. 56
4.12
6.44
2.52
10. 65
4.14
6. 51
10. 76
4.21
6. 55
2. 58
10.81
4.24
6.57
2.58
10. 85
4. 25
6.59
2. 60
10.89
4.32
6.58
9
. 58
10. 96
4.34
6.62
2. 60
11.04
4.41
6.64
2.62
11.12 ' r11. 23 11.22
4.41 r 4. 47
4. 47
6.76
6.71
6. 76
2.64 - 2. 65
2.65
6.85
3.01
1 84
1.44
6.87
3. 12
1. 86
1.47
7.04
3.17
1.85
1.48
6.87
3.12
1.86
1.47
7.00
3.24
1.86
1.48
7.12
3.32
1.84
1.48
7.14
3. 39
1.84
1.49
7 22
3". 49
1.82
1.49
7.29
3.50
1.84
1.50
7.29
3. 52
1.84
1.52
7.24
3.42
1.85
1.53
7.29
3.51
1.82
1.54
7.33
3.46
1.83
1. 55
do
_do
do
8. 05
12.06
10. 76
8. 09
I 2. 04
10. 74
8.08
12.70
10. 76
8.09
12. 64
10.74
8.32
12. 64
10. 93
8. 40
12. 89
10. 90
8. 55
12.97
10.89
8 59
12. 94
10. 95
8.62
13. 00
10. 96
8. 55
13.02
11.01
8.49
13.10
11.04
8.45
13.15
11.09
8.41
13. 26
11.06
do
22.88
23. 72
23. 50
23. 72
23.84
23. 99
24. 16
24. 22
24. 23
24, 34
24.37
24.28
do
do. do. _
do ._
do
do
4 98
2.03
2.67
1.63
4.13
3.31
1.12
5 24
2.17
2.74
1.68
4.28
3. 42
1.13
5 19
2.12
2.75
1.70
4.21
3.37
1.12
2.17
2.74
1.68
4.28
3.42
1.13
5 27
2. 18
2.78
1.70
4.29
3. 30
1.14
5 26
2.19
'>, 78
1.71
4. 31
3. 39
1.17
5 31
2.19
2. SI
1.73
4. 36
3.41
1.18
5 32
2.17
2.80
1.73
4.37
3.44
1.18
5 34
2.18
2.84
1.74
4.36
3.40
1.18
5 40
2. 18
2. 83
1. 76
4.37
3. 42
1.20
5 39
2.17
2.81
1 . 75
4.39
3.43
1.21
5 31
2.17
2.82
1.74
4.39
3.40
1.20
do
do_ _ _
do
8. 75
3. 08
11. 05
9. 06
3.37
11.29
8.96
3.37
11.17
9. 06
3.37
11. 29
9.26
3.38
11.20
9. 35
3. 40
11.24
9. 45
3. 43
11. 2S
9.49
3. 43
11.30
9. 47
3.44
11.32
9.46
3.47
11.41
9.39
3.51
1 1 . 46
9.29
3.50
11.48
9.33 -9.41
3.52
' 3. 54
11.59 '• 11. 57
9. 40
3. 53
11. 53
29. 90
1 30. 96
32.44
31. 61
32.20
31.13
34. 30
32. 45
33. 99
33. 60
31.99
33. 36
32. 86
f 35. 78
33. 89
do
do
-- --do_ _do_
14.24
1.87
1.09
1.62
14.74
2 18
1.35
1.70
15. 86
2.36
1.52
1.71
15.81
2. 69
1.82
1.68
15.89
H. 01
2.04
1.75
15.33
2. 38
1. 49
1.64
16. 74
2 36
1.44
1.86
15.71
1.69
. 74
1.80
16.48
1.98
1.06
1.95
16.51
1.81
.97
1.96
15. 77
1.74
1.00
1.95
15. 48
2. 04
1.18
2.16
15.40
1.88
1.10
1.98
- 17. 30
2.12
-1.21
r 2. 00
16. 45
2. 09
1 f?1
1.81
do
_ _ _ do _
do
do - do ~-
4.70
1.97
2.72
1.16
3.38
4.92
2. 00
2.92
1.26
3.22
5.11
2.18
2.93
1.40
3.80
5.06
2.12
2.94
1.36
3.82
5. 01
2.03
2. 98
1.38
3.47
5.14
2. 07
3. 08
1,36
3.48
5. 71
2. 23
3.48
1. 51
3. 90
5. 31
2. 15
3. 16
1. 30
3.99
5. 36
2.12
3.23
1.34
4.02
5. 64
2. 34
3.31
1.46
3. 91
5. 06
1.98
3.07
1.28
4.04
5.11
2.04
3. 07
1. 37
2.89
5.24
2.29
2.95
1.33
3.34
do
do
do
15. 66
3.38
12.28
16.23
3.53
12. 70
16. 58
3,74
12. 85
15. 79
3. 47
12.32
16.31
3.53
12.78
15. 81
3.58
12. 23
17. 57
3. 99
13. 58
16. 74
3.74
13.01
17. 51
3. 92
13. 59
17.09
3.83
13.26
16.21
3.40
12.82
17.88
3.84
14.04
17. 46
3. 89
13. 57
32.70
32. 85
32.94
33. 08
32. 95
32. 73
33. 07
32.43
33. 26
16.10
2.33
1.48
1.85
16. 24
2.82
1.94
1.84
16. 43
2.84
1.86
1.93
16. 19
2.33
1.45
1.83
16.00
2.21
1.34
1. 88
15.73
1. 75
. 79
1.84
15.97
1.83
.95
1.88
15.44
1.76
.93
1.86
16. 27
1.90
1.08
1.92
do
do__
__do
do__
do__
5.46
2.33
3.13
1.42
3.53
5.14
2.08
3. 06
1.42
3.32
5.37
2.29
3.09
1.42
3.40
5. 35
2. 23
3.12
1.38
3.70
5.27
2.13
3.14
1 . 38
3.79
5. 25
2.24
3.01
1.30
4.00
5.28
2.17
3.11
1.32
3.96
5.16
2. 05
3.11
1.36
3. 76
do
do
do
16. 60
3.67
12.92
16, 61
3. 66
12.95
16. 51
3.63
12.88
16.89
3.75
13.14
16. 95
3.82
13. 12
17. 00
3.75
13.25
17. 10
3.80
13.29
-
Nondurable goods industries, to tal 9
Tobacco
Textile
Paper
Chemical
Petroleum and coal
Rubber
By stages of fabrication:
Purchased materials
Ooods in process - Finished goods
New orders net (unadjusted), total
Machinery
Electrical
Nonelectrical
Industrial
Transportation equipment
r
24.18
30. 86
4. 50
2. 62
3.12
do
do
do
do. _.
Durable goods industries, total 9
Primnry metal
Iron and steel
Fabricated metal
24. 19
do
-- -do
do
- -- do
Book value (seasonally adjusted), total. ._ do
IVTaehinerv
Klectricai
Nonelectrical
Industrial
23. 96
do
Nondurable goods ind ustries, total
Industries with unfilled orders©
Industries without unfilled orders^
New orders net (seas adjusted), total
1
do
Durable °"oods industries total 9
Primary metal
Iron and steel
Fabricated metal
-
do _
__clo
do - do - -
Machinery
Electrical
Nonelectrical
Industrial
Transportation equipment
Nondurable goods industries, total
Industries with unfilled orders©
Industries without unfilled orders!
Unfilled orders, end of year or month (unadjusted),
total
__bil. $--
7.35
'3.43
1.55
7.32
3. 45
1.81
1.56
8. 26
13.34
11.16
8.12
13.30
11.18
24.44
- 24. 51
24. 52
K Q7
r r-\ 38
2.14
2.85
1.75
4.42
3.44
1.20
2.13
- 2. 89
*r 1.74
4. 44
- 3.41
1.22
1:11
2.88
r
1.82
r
f
r
r
1.73
4. 46
3.43
1.22
5.42
'2.19
- 3. 22
-1.39
- 4. 51
5.14
9 09
3. 05
1.37
4.39
- 18. 48
- 14. 36
17.44
3.90
13. 54
32. 83
33.23 - 33. 82
34. 04
15.91
2.06
1.20
1.91
15.89
1.97
1.18
1.84
16. 57
9 06
1.18 1
1.96
5.30
2.07
3.23
1.38
4.16
5.23
2. 08
3.15
1.41
3.68
5.18
2.14
3.04
1.37
4.06
16. 99
3.76
13.23
16.98
3.72
13.27
16.92
3.72
13.20
r
4. 12
- 16. 57
2,17
1.28
'1.86
T
-2. 19
-3.24
1.34
-4.05
5. 42
5.49
2.17
3.32
1.40
4.01
17.34
3.85
13.49
- 17. 25
-3.86
- 13. 39
17.47
3.88
13.59
45. 37
48. 20
47.80
48. 20
48.97
49.46
49. 20
48.48
47.81
47.45
48.09
47.43
46. 82
- 46. 50
46.13
do
do
do. -_
do
42. 85
3.41
2.28
2.73
45. 12
4.76
3.48
2.98
44. 66
4.25
3.01
2.93
45. 12
4.76
3.48
2.98
45. 92
5. 45
4.04
3. 10
46.37
4' i'i
3.18
46. 04
5.32
3.87
3.17
45. 34
4.64
3. 14
3.17
44.59
4.30
2.82
3.12
44.27
3.96
2. 54
3.05
44.99
3.91
2.51
3.11
44.50
3.86
2.46
3.08
43.95
3.74
2.39
3.01
43.64
-3.68
2.34
2.93
43.33
3.67
2.32
2.86
do
do
do
do
do
17.48
10.21
7.28
3.38
14.93
18.10
10.29
7.80
3.53
14.64
18.18
10.38
7.79
3.54
14.64
18. 10
10.29
7.80
3.53
14.64
18.27
10.29
7.98
3.69
14.38
18.47
10.31
8.16
3.80
14.30
18.53
10.27
8.26
3.84
14.16
18.47
10.30
8.16
3.78
14.21
18.21
10.22
7.99
3.69
14.00
18.27
10.31
7.96
3.71
13.96
18.46
10.38
8.08
3.69
14. 31
18.19
10.19
8.00
3.69
14.25
18.15
10. 25
7.90
3.68
14.13
18.00
- 10. 09
-7.91
3.66
- 14. 28
17.74
9.87
7.87
3.62
14.41
3.05
3.14
3.08
3.08
2.52
Nondurable goods industries total©
do
2
f
l
Ad vac ce estim ate.
Revised.
Total and components are mon thly ave rages,
9 Includes data not shown separately.
©Includes textiles, leather, paper, and print]ng and publishing indu 3 tries; uiifilled
orders for other nondurable goods industries are ze ro.
3.09
Durable goods industries, total 9
Primary metal
Iron and s^eel
Fabricated metal
_
Machinery
. _ . __
Electrical
Nonelectrical
Industrial
.
Transportation equipment
_-
2 15.4
216.0
2 42, 9
3.16
3.11
3.14
2.92
3.22
3.18
2.88 -2.86
2.80
11"'or these3 industi ies (fooc1, bevera ges, tob acco, ap parel, p(itroleum chemic als, and
rubbe r) sales a re consic ered equ al to ne\\* orders.
SURVEY OF CURRENT BUSINESS
January 1963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
1961
Monthly
average
S-7
Nov.
1962
Dec,
Jan,
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Nov.
Oct.
Dec.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS^
New incorporations (50 States):©
Unadjusted
Seasonally adjusted*
number. . 15, 226
do_ --
14, 045
16,149
14, 802
15 818
18, 343
15 124
14, 365
15 809
17, 196
15 713
15, 653
15 402
16 408
15 960
15 234
14 904
14 957
15 247
14 955
15 104
12 777
15 249
r
!5 318
r
!5 373
12 914
14 849
1,423
1,335
1,278
1,447
1,353
1.490
1,504
1 378
1,281
1 165
1 319
1 118
1 410
1 216
1,101
123
229
235
691
144
122
206
258
624
125
104
215
232
606
121
114
231
213
749
140
110
251
216
625
151
143
276
228
701
142
119
273
200
767
145
102
237
929
664
146
113
194
237
606
131
106
187
215
545
112
120
217
927
622
133
92
194
185
514
133
111
231
244
672
152
109
193
200
590
124
100
219
181
497
104
90, 844 119,214
65, 489
106,609
90, 499
80, 878 121,831
91,512
88, 493
91, 574 146, 832
96, 165 119,092
98, 841
81,275
6, 694
16, 084
27, 107
27, 754
13, 205
5,070
18, 883
35 237
23, 494
36, 530
3, 453
16, 743
19 723
18, 361
7 209
8,858
19 017
39 071
28 886
10 777
5,134
26 495
25 023
24 611
9 236
9,998
15 612
22 421
25 044
7 803
5,440
24 586
49 677
31 691
10 437
8,270
15 798
29 659
27 569
10 216
5,445
13 697
32 821
27 065
9 535
5,642
22 412
2l' 598
29* 999
11 923
6,977
33 618
36 170
53 180
16 887
5,605
12 803
39 988
27 944
9 825
7, 634
24 728
48 833
9fi gy p}
11 021
16, 184
16 095
34 069
24 107
8 386
8,785
18 744
20 671
22 744
10 331
164.4
63.8
63.6
62. 9
61.1
59.4
65.0
57.3
58.3
62.5
62.2
66.3
59.4
56.0
15, 128
INDUSTRIAL AND COMMERCIAL
FAILURES^
number. . 1,287
Failures total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
-
do
do
do
- - -do
do
114
217
218
615
123
..thous. $_. 78, 219
Liabilities (current), total
Commercial service
Construction
IVTanufactnrin 0 " and mining
Retail trade "
\Vholcsale trade
8, 281
do
16, 781
do
24, 136
do
do_ _ _ 20, 091
8,930
do
_
-
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns. _
157.0
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
1910-14= 100__
238
240
239
240
242
243
244
242
242
239
240
244
250
245
245
242
do
do
do __
do
do. _
221
224
254
151
203
226
218
262
151
209
224
223
280
149
218
224
211
269
150
219
225
259
257
152
218
226
272
246
152
219
233
314
'MS
153
923
236
312
268
155
924
243
325
276
159
230
236
258
275
157
230
231
229
275
155
229
229
201
275
151
226
232
201
280
154
9
26
226
197
275
152
226
227
233
268
147
930
224
236
261
153
931
do
do
do __
do
241
214
204
500
246
257
158
526
207
248
134
510
216
250
130
544
208
250
127
538
216
253
125
542
929
252
139
543
290
955
137
543
210
255
189
543
203
953
220
543
191
252
205
542
243
245
174
518
266
238
153
525
243
238
139
519
T 224
244
144
520
198
247
147
505
do
do _.
do
do _.
do
253
259
296
160
235
251
259
299
146
230
251
277
293
140
228
254
271
299
146
229
257
268
304
149
231
257
263
305
154
237
254
255
307
147
240
246
240
303
139
253
242
232
303
130
°60
242
230
305
128
261
248
239
310
133
957
256
248
318
141
253
266
258
326
153
251
261
265
314
150
249
262
268
314
151
252
258
263
308
151
249
275
290
265
276
291
266
276
291
265
277
292
267
278
293
268
279
294
268
279
294
269
980
294
270
280
296
269
279
294
268
279
294
268
279
294
268
280
294
271
281
294
271
281
295
271
282
296
272
299
302
301
302
304
305
305
307
307
305
305
305
307
307
307
308
80
79
79
79
80
80
80
79
79
78
79
80
81
80
80
79
1957-59=100.
103.1
104.2
104.6
104.5
104. 5
104.8
105 0
105 2
105 2
105.3
105 5
105 5
106 1
106 0
2 106 o
do_._
do
103. 7
103.0
104.8
104 2
105. 6
104.5
105. 5
104.4
105.3
104 4
105. 5
104. 8
105 7
105 0
106 0
105 9
106 0
105 2
106.1
105 3
106 1
105 4
106 2
105 5
106 6
106 1
106 7
106 1
106 7
106 0
do
.-do
do
do
101.7
101. 9
100. 7
105 6
109
102.
100
107
4
8
5
6
102 6
102. 7
101 6
108 9
109 4
102.6
101 1
108 5
10° 3
102.6
100 8
108 7
102 7
103.1
100 8
108 9
102
103.
100
109
8
2
9
0
103 1
103. 5
101 4
109 2
103 0
103.2
101 5
109 4
103 1
103.4
101 6
109 5
103
103.
101
109
103
103
101
109
104 1
104' 7
101 6
109 8
104
104
102
109
0
4
0
8
103 9
104 2
102 2
110 0
do
do
_ do _
do
do
102 1
101. 4
103.2
103. 8
99.1
102 8
102 6
104 8
104 2
99.3
103 7
101 9
105 5
98 4
98.5
103 5
102 0
105. 6
99 8
98. 5
101
102
105
100
99
8
5
6
6
8
102 0
103 1
105. 1
102 9
100. 6
102
103
105
104
100
7
2
0
4
6
10°
103
103
108
100
7
4
7
6
1
102
103
103
109
99
7
2
0
4
6
109 8
103 5
102 7
111 9
99 7
109 9
103 8
103 5
109 9
100 8
103 8
103 9
105 2
102 6
104
104
104
102
106
6
8
2
2
3
104
104
104
102
104
9
3
3
0
1
104 3
104 1
104 ?
do
do. _.
__ do
do
103. 1
107.0
100. 1
103 1
103 9
107.9
99 5
104 4
104 2
107.8
99 3
104 9
104 4
107.8
99 2
105 0
104
107
98
105
4
8
7
1
104 6
107.9
99 3
105 2
104
107
99
105
6
9
5
3
104
107
99
105
6
8
3
4
104
107
99
105
7
7
0
5
104
107
99
105
104
108
99
105
104
108
98
i n^
8
0
5
s
104 9
108 0
98 7
105 9
105
108
98
106
0
0
8
1
105 1
108 1
98 7
106 2
do
do
do
108 1
104. 1
104. 9
111 3
104 6
107 2
112 4
104 8
10* 1
112 5
105 2
108 2
119
(")
113 0
105 8
109 1
113 6
105 9
109 2
113 9
106 3
109 4
114 1
106 4
109 5
114 4
106 1
109 2
114 Q
106 8
110 0
m
fi
105 6
108 5
lOfi 8
114 7
106 8
110 0
114 9
106 9
109 5
115 0
107 1
110 1
106 0
104 7
114 8
105.0
105 9
104 6
114 9
105.1
107 2
106 0
115 6
105.1
107 3
106 0
115 6
105.1
107 3
106 0
115 6
105.2
106 8
105 4
115 g
105.6
107 4
106 2
115 7
105.5
Prices received, all farm products!
Crops
Commercial vegetables
Cotton
Feed grains and hay
Food grains
.
..
Fruit
Oil-bearinp1 crops
Potatoes (incl. dry edible beans)
Tobacco
Livestock and products
Dairy products .
Meat animals
Poultry and eggs ._
"Wool
_
-
Prices paid:
All commodities and services
do __
Family living items
do
Production items
_
-do
All commodities and services, interest, taxes, and
\vage rates (parity index)
1910-14=100-.
Parity ratio§
do
CONSUMER PRICESt
(U.S. Department of Labor Indexes}
AllitemsJ -- Special group indexes:
All items less food
All items less shelter
All commodities
Nondurables
Durables
Services
A pparel
Food 9
Dairy products
Fruits and vegetables
Meats, poultry, and
Ffousine9
Gas and electricity
Housefurnishings
Rent
fish
__ __
Medical care
Personal care
_ _« .
Reading and recreation
Transportation
Private _
Public
Other goods and services
_
do
do
_ . do
...do
103.8
106 8
105 0
106
106 0
103 2
104 0
105 9
104 9
104
107.0
112 7
114
111 7
113 3
103.8
104.6
105. 0
104.9
104.
2
r Revised.
1 Based on unadjusted data.
Index based on 1947-49=100 is 130.1.
cf Data are from Dun & Bradstreet, Inc.
©Figures in 1961 BUSINESS STATISTICS volume
cover 49 States (Alaska not included); see July 1961 SUEVEY for unadjusted data back to January 1960 for 50 States.
*New series. Data for Jan.-Dec. 1959 (49 States) appear in the
Oct. 1961 SUEVEY. For revised data (50 States) for 1960, see similar note in the June 1962
SURVEY.
0
8
7
9
8
7
1
6
1
5
5
8
8
0
0
7
2
5
7
9
•} no K
110 3
109 1
103 5
107 8
108 3
108 1
107 9
106 7
106 9
115 7
116 0
115 4
105. 6
105.6
105.6
^Revised beginning Jan. 1959 to incorporate price revisions for individual commodities;
revisions for earlier periods will be shown later.
§ Ratio of prices received to prices paid (including interest, taxes, and wage rates).
JData reflect conversion to the 1957-59=100 reference base period. Monthly and annual
data for earlier periods appear on p. 19 of the Oct. 1962 SURVEY.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
1961
Monthly
average
January 1003
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
July
June
Aug.
Sept.
Oct.
Nov.
Dec.
COMMODITY PRICES—Continued
i
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_ _
95. 6
90.9
98.9
97. 6
92.9
101. 0
98.4
92 3
102. 9
96.5
90.8
100.6
97.0
92 2
100. 4
95. 4
91.3
98.3
94.6
90.2
97.8
93 0
89.8
95.4
92 5
90.0
94.2
99 g
89 9
94. 5
92 5
90 3
94.0
92 9
89 9
919
93 0
88 4
96 4
9° fi
88 9
95 8
100.7
100.3
100.0
100.4
100.8
100. 7
100.7
100.4
100. 2
100.0
100. 4
100 5
101 2
100. 6
100 7
100 4
96.6
101.0
101.4
96.1
100.3
101.4
95. 4
100. 0
101.3
96.4
100. 3
101. 5
97.8
100. 3
102.1
97. 5
100. 2
102. 1
97.6
100. 3
101.8
96. 5
100. 5
101.4
95.8
100. 4
101.2
95.2
100.2
101 1
96. 5
100.3
101 5
97.2
100 1
101 7
99.2
100 2
10° 6
97.4
100 1
101 9
97.6
1009 1
10 0
90. 8
100 1
n
03 6
99.9
101.7
99.6
101.3
99.3
101. 1
99. 7
101. 1
100. 5
101. 1
100. 3
101.2
100. 2
301.2
99.7
101.2
99.5
101.1
99 3
101.0
99.8
101. 0
100 0
101.0
101 l>
100 9
100 4
100 7
100 5
100 7
100 1
100 G
do
do
do
do
96.9
100. 6
94.2
96.0
96. 0
93. 7
95. 6
92.5
95. 6
89. 9
98.8
89.4
95. 9
87. 2
98. 4
92.4
97. 9
97. 0
97.2
95.7
98.2
104.3
96.7
94. 5
98.4
106.0
97.4
95. 7
96. 9
99. 0
98. 5
94. 1
96.2
107. 1
101.0
91.4
95.3
98.7
99.9
91 6
96.5
92. 2
99.1
95.8
97 6
90.9
98. 1
98 5
100 6
94.9
98.6
104 4
98.7
97. 5
98. 5
98. 6
99. 8
^ 96. 4
99. 5
98 3
I'll 1
9H '•*
Foods processed 9 ®
- -- do
Cereal and bakery products
do
Dairy products and ice cream
do
Fruits and vegetables, canned, frozen
do
Meats poultry and
fish
do
100.0
103.2
105. 0
99. 5
97.8
100. 7
105. 1
107. 5
101.7
95.4
100.2
106. 1
109. 6
100. 5
93.6
101.0
106. 1
110.2
100. 4
95. 9
102. 0
106. 9
109. 1
99. 3
99. 2
101. 8
107. 3
109.1
99.8
98.7
101.6
107. 4
108. 0
99.3
98.4
100. 2
108.0
106.0
99.0
95. 6
99.6
107. 5
104. 5
98.6
95.5
99 8
107 8
105. 0
99.1
95 7
100.8
108. 1
105. 7
98.7
99.0
101 5
108 0
106. 1
97.1
101 0
103 3
107 8
106.0
96.6
106 8
101 3
107. 7
108. 0
96. 3
100 1
100 ( t
107 (\
10s. 0
95. 7
99 6
All commodities^
~- ~-
do
By stage of processing:
Crude materials for further processing
do
Intermediate materials, supplies, etc__ _ _ d o
Finished goodsO
do
By durability of product:
Nondurable foods
do
Durable goods
- - do
Farm products 9
Fruits and vegetables, fresh and dried
Grains
Livestock and live poultry
Commodities other than farm products and foods
1 957-59 =100__
7
101.5
107. 6
107. 7
%. 4
100. 0
T
97 3
101. 3
100.8
100. 7
100.9
101. 0
100. 8
100. 8
100. 9
100.9
100.7
100.8
100. 6
100. 8
100.7
100. 7
100.7
100.2
100.5
100.2
81.5
102.2
100.7
99.1
98.4
98.3
87.5
104.3
103. 6
98.1
97.3
V)7. 3
76.4
104. 7
103. 6
98.1
97.1
97.3
78.4
104.7
103. 6
98.4
97.3
97.2
^'i. 0
105. 8
103. 7
98. 1
96. 8
97.1
77.0
106. 3
103. 7
98. 0
96. 6
97.1
81.3
103.7
103.7
97.9
96. 5
97. 0
79.3
103. 7
103.7
97.7
96.3
97. 0
103. 6
103. 8
97.6
96.2
97. 0
73.4
103.6
103. 8
97.2
96. 1
95. 1
73.5
101.0
103.8
97.0
95.9
95. 0
73.0
98.4
103 8
96.9
95.9
95. 0
72. 3
98 6
103 8
97.1
96.1
95.1
76.7
99 0
103 8
97.0
95.9
95.1
r
75. 9
°9 2
103 8
96. 8
95. 9
94. 7
72.8
qq fi
103 8
Fuel and related prod., and power 9
do
Goal
_
do
Electric power
Jan. 1958=100..
G a s fuels
_ _ _ _ _ _
do. _.
Petroleum products, refined
1957-59=100..
99.6
98.8
101.9
116.6
97.6
100. 7
97.7
102.4
118.7
99.3
99. 8
98.3
102. 6
1 19. 3
97.2
100. 6
98. 6
102. 5
118.4
98. 9
101.0
9«.7
102. 5
118. 1
99. 6
100. 4
98.7
103. 0
122.0
97.8
98.9
98.7
103. 1
119.4
95. 3
100. 2
95. 3
103. 0
1 1 5. 3
98.9
99.7
94.6
102. 9
116.6
97.9
99.6
94.6
102. 8
113. 8
98.1
100. 0
95. 3
102. 8
119.7
98.0
99. 5
95. 6
102.8
117 8
97.2
100. 8
96 6
102.
8
190 1
99.2
100. 8
97 2
102. 7
122 7
98.9
100.8
97 7
102.7
100. 9
98 0
102. 7
j'>3 o
98.8
Furniture, other household durables 9 _ _ do
Appliances, household
do
Furniture, household _ _
. do
Radio receivers and phonographs
do
Television receivers. _
_
do
100. 1
97.0
101.6
95. 2
98. 1
99. 5
95. 2
102. 8
91.5
97. 2
99. 5
95. 1
103. 5
89. 4
96. 1
99. 3
94. 9
103.3
89. 4
96. 2
99. 3
95. 0
10^. i
89.4
93. 7
99.1
95. 0
103.5
87.8
93. 7
99. 0
94. 9
103. 4
87.1
93.7
98.9
94. 7
103.4
86. 8
93. 7
99. 0
94. 3
103.7
87.2
95.5
98. 9
94. 3
103.9
84.8
94. 9
98. 8
93. 9
104. 1
85.4
94.3
98.7
93.4
104.0
85.4
94.3
98. 0
93. 2
103. 9
85. 1
94. 3
98.5
93. 0
104. 0
85 1
94. 3
Hides, skins, and leather products 9
Footwear __
Hides and skins
Leather
__
Lumber and wood products
Lumber
. . _ _.
do
do
do
do
do
do
,05.2
107. 0
100. 5
103.5
100. 4
99.8
106. 2
107. 4
107. 9
106.0
95. 9
94. 7
108. 6
108.5
117.4
110.7
94.8
93.8
108. 2
108. 5
112. 5
110. 5
94.6
93.7
10?s. 2
108.5
110. 1
110.9
94.7
94.0
107. 7
108. 5
K'o. 4
110.0
95. 2
91.8
100. 9
107. 1
108. 7
108.7
103.3
103. 8
1 09. 6 : 100.5
96. 8
96. 2
95. 8 i 96. 8
107. 2
108. 7
105.4
110.6
97.1
97. 5
108. 0
108. 7
108. 5
110.0
97. 3
97. 6
107.5
108.8
104. 2
108.4
97.5
98.0
107. 0
108. 8
105. 1
106.9
97. 4
97 7
1 07. 5
108. 8
110.8
106.6
97. 0
97.2
107. 4
108 6
108. 8
106 5
96. 0
96 "
Machinery and motive prod. 9
Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equip
Motor vehicles
do
do
do
do
do
102.4
105. 4
105.8
101.3
101. 0
102. 3
107. 4
107. 5
100.0
100. 7
102. 2
107. 8
107. 6
99.5
100. 4
102. 2
108.5
107. 6
<• 99. 1
100. 3
102.3
108. 8
107. 7
99.0
100. 3
102.3
109. 2
107.6
98.9
100. 2
102.3
102.3
109.4 1 109. 2
107.6 ! 107. 7
98.9 i 98.9
100. 1
100. 1
102. 3
109.3
107. 7
98.9
100. 1
102. 2
109. 5
107.7
98.5
100. 9
102. 4
109. 5
107.6
98.2
100.9
102. 3
109.4
107.7
98.2
100.9
102. 3
109.4
107. 7
98.1
100. 9
Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous metals
do
do
do _
do
161.3
98.2
100. 6
103.9
100. 7
94.6
100. 7
100. 4
100. 4
94.0
100. 1
100. 2
100. 6
94.5
100. 2
100.8
100. 7
93.8
100. 6
100. 5
100. 6
93.8
100. 4
100. 3
100. 4
93. 7
99.8
100. 1
100. 3
D3. 7
99. 6
99. 8
100.2
93. 1
99.2
99.9
99.8
92. 9
98.9
99.3
99.7
92.9
98.9
99.0
99. 8
92. 9
99. 1
99.0
99.7
92. 6
99. 0
98.9
99.4
92.7
98 7
97 9
Nonmetallic mineral products 9
Clay products structural
Concrete products
_.
Gypsuna products
do _ _
do
do
do _
101.4
103.1
102.4
101.9
101.8
103. 2
102. 5
103.8
101. 9
103.3
102.5
105. 0
101. 6
103. 3
102. 4
105.0
101. 9
103. 4
102. 4
105.0
102. 1
103. 5
102. 8
105. 0
102.4
102.2
103.6
103.6
102.8 : 102. 8
10.5. 0
105. 0
102. 1
103. 6
102. 6
105. 0
101. 9
103. 6
102. 6
105.0
101.6
103.6
102. 8
105.0
101.6
103. 6
102. 8
105.0
101. 5
103. 6
102. 8
105. (
101 6
103 4
109 9
105 0
Pulp, paper, and allied products
Paper
Hubber and products
Tires and tubes
do
do
do
do
101.8
102. 0
99.9
93.0
98.8
102.2
96. 1
92.4
99.2
102.0
95.5
92. 0
99. 6
102. 0
94.5
89.9
99.9
102. 0
94.1
88.5
99.9
102. 5
93. 5
87. 0
101. 0
102 7
93. 6
87.6
101.3
103. 1
92. 9
80. 1
100. 8
103. 1
93.2
86.4
100. 5
103. 1
93. 0
86.4
100.0
102. 6
92.7
86.4
99. 7
102. 6
92.7
86.4
99. 5
102. 4
92. 8
86.4
99.3
102.3
93. 1
86. 4
Textile products and apparel 9
Apparel
_
Cotton products
Manmade fiber textile products
Silk products
Wool products
do _ do__ do
do
do
do_ _-
101.5
101.3
104. 4
97.6
105. 7
98.2
99.7
101.0
100. 4
93.4
113.2
97.1
100.2
101.2
101.7
93.1
114, 2
97.7
100. 3
101. 2
101.9
93. 2
111.4
97. 7
100. 3
101 . 2
102. 0
93. 3
111.5
97.8
100. 4
101. 2 i
102. 2
93. 3
113.2
98. 1
100. 5
101.3
102.4
03. 5
11G.3
98. 3
100. 5
101.3
102. 4
12l' 0
98. 6 i
100. 7
101. 4
102. 1
94. 5
126. 4
98. <
100. 8
101. 5
102. 0
94. 6
130. 7
99. 1
100.9
101.8
101.9
94.7
130.2
99.3
100. 8
101. 8
101.7
94.3
132.4
99.3
100.6
101.6
101.3 l
94.0 !
125. •>
99. 4
102. 5
100. 3
101. 4
99.3
100. 2
103. 2
100. 6
101.4
103. 9
100. 9
103. 8
100. 6
101.4
105. 1
101. 6
103.8
100.5
101.4
1 06. 3
100. 9
103. 8
100. 7
101. 4
106. 7
100. 5
103.8
100. 7
101. 4
105. 6
100. 3
104.0
100.8
J01.4
105.6
100. 5 1
104. 0
104.1
101.4
106. 0
100. 5
101.4
106. 0
100. 5
104. 1
101. 1
101.4
105. 4
100.7
104. 0
100. 7
101.4
107. 6
101.0
104.2
101. 1
101.4
107.2
101.0
99.3
97 1
99.7
96 0
100. 0
95 6
99. 6
95 7
99.2
95.7
99.3
95.4
99. 3
95.2
99. 6
95. 1
99.8
95.1
100. 0
95. 0
99.6
94.8
99. 5
94.8
Chemicals and allied products 9
Chemicals, industrial
Drugs and Pharmaceuticals
Fats and oils, inedible
Fertilizer materials
_
Prepared paint
do
do
do
do
do_
do
Tobacco prod, and bottled beverages 9 ---do
Beverages, alcoholic
do
Cigarettes
do_
Miscellaneous
_
do
Toys, sporting goods
do
r
100. s i 101.
r 199 3
r
98. 9
r
r
98. 6
93 1
104. 1
85 1
94 3
98
<}•>
104
85
94
107. 3
108 6
107. 1
106 8
96. 3
% 3
106.8
108 7
101. 6
10t> 1
102.2 • 102. 2
109.6 M10.2
108.0 7 108. 2
98.0
97. 6
100 4
100 4
102.1
110.3
108.3
97. 3
100 4
' 99. 3
98 -'->
ox 3
101
103
102
105
6
4
9
0
5
()
2
1
3
%*
99. 4
93. 0
98 7
97 7
10], 5
103 5
102. 7
10." 0
99.1
102. 2 i
93. 7 i
r
83. 0 1
99. 0
102. 2
94. 4
89. ft
100. 5
101. 7
101. 0
93. 6
129. 5
99. 6
100.5
101. 7 I
100. 7 i
93. 6
130. 3
100. 1
100. t;
104. 2
101.1
101.4
109.1
101. 1
104. 5
101. 5
101. 4
108.7
101.2
104. 5
101.5
101.4
109. 8
101.2
104. 3
101.2
101.4
110.2
101.3
98.8
94.3
99.4
94. 3
99.3
194.3
i 99. 0
r
r
101. (i
100. 7
93. 7
143.3
100.2
PURCHASING POWER OF THE DOLLARf
As measured byWholesale prices
1957-59=100-
J
' Revised.
Indexes based on 1947-49=^=100 are as follows: Measured by—wholesale
prices, 83.9 (Dec.); consumer prices, 76.9 (Nov.). of For actual wholesale prices of individual
commodities, see respective commodities, jbata reflect conversion to the 1957-59=100 reference base period. Monthly and annual data for earlier periods for major components
appear on p. 20 of the Oct. 1962 SURVEY. *New series. The index measures price trends of
commodities which are particularly sensitive to factors affecting spot markets. Monthly
data for earlier periods are available upon request from the U.S. Department of Labor, Bureau
of Labor Statistics, Wash. 25, D.C.
O Goods to users, including raw foods and fuels.
9 Includes data not shown separately.
©Revisions for Mar.-Dec. 1960 appear on p. 20 of the Oct. 1962 SURVEY; those for Jan.June 1961, respectively, are as follows (1957-59=100): 102.0; 102.6; 101.7; 100.9; 99.8; 99.0.
SURVEY OF CUREENT BUSINESS
January 1963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
S-9
1961
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE
New construction (unadjusted), total
Private, total?
mil. $__
-
do
Residential (nonfarm) 9
do _ _
New housing units
__do
Additions and alterations
_ _ do _
Non residential buildings, except farm and
public utilities total 9
mil $
Industrial
do
Commercial 9
do
Stores, restaurants, and garages*
do
Farm construction
do
Public u^ilHies
do
Public, total
-
do
Non residential buildings
Military facilities
Highways
Other types
.do _
do
_ do
do
4,630
4,783
5, 190
4, 659
4, 082
3, 773
4,131
4, 600
5, 319
5.826
5,743
5, 844
5, 791
r
3,300
3, 364
3,603
3, 345
2, 962
2,769
2,987
3. 325
3, 821
4,112
4,078
4,082
4,038
<• 3, 888
1,879
1, 368
433
1, 875
1,349
428
2, 053
1,563
388
1,896
1, 432
366
1, 629
I, 208
324
1,472
1,078
298
1,629
1,192
343
1,928
1. 345
487
2,308
1,514
692
2, 492
1, 697
686
2,388
1,759
516
2, 353
1,794
445
2,311
1, 776
423
' 2, 187 ' 2, 126
1,991
' 1, 702 ' 1, 630 1, 513
'374
'385
371
847
238
348
172
107
444
896
230
389
193
123
419
948
221
424
228
112
472
908
221
398
203
97
427
863
225
365
175
92
360
835
224
346
163
90
355
833
221
348
167
96
410
839
223
348
161
107
433
894
299
383
185
122
476
971
235
433
225
137
489
1, 025
239
469
252
147
491
1.039
241
471
246
152
511
1,037
245
465
234
146
515
1,329
1, 420
1,587
1, 314
1,120
1,004
1,144
1. 275
1.498
1,714
1,665
1,762
1,753
399
116
455
359
428
1.14
485
393
418
165
603
401
391
79
490
354
385
54
332
349
353
70
241
340
392
95
279
378
425
103
339
408
4on
114
509
439
472
157
618
467
461
94
643
467
464
117
700
481
459
117
708
469
New construction (seasonally adjusted at annual
rates), total
- mil $
Private total 9
do
1,021
245
454
217
' 132
520
4,927
' 3, 766 3, 523
1,010
244
454
212
'114
'490
964
243
428
189
98
446
' 1, 860 ' 1, 580 1 , 404
r 463
129
800
468
r
419
0)
589
439
399
0>
0)
(0
62, 417
60, 744
59, 006
59, 100
56, 714
57. 748
58, 279
60, 764
62. 678
62, 084
62,829
62, 358 '63,517 ' 62, 637
42, 044
41,881
41,077
31), 909
40, 553
41,747
43, 472
44, 842
44. 908
45,244
44, 976 ' 43, 843 ' 43, 898 44, 045
24, 504
24, 440
23, 187
22, 245
22. 507
23,484
25,018
26,118
25, 987
25,957
25, 813 '25,013 '25,326
10,540
2, 554
4, 608
2,413
1,416
5, 380
10, 564
2, 537
4,041
2,434
1,337
5,337
10, 982
2, 590
4,028
2,612
1. 316
5. 357
10, 849
2, 592
4, 756
2,444
1, 284
5,274
1 1 , 033 11,234
2, 653
2, 792
4, 795
4, 793
2.442
2, 353
1.295
1, 385
5, 449 5. 388
11,257
2, 8RP)
4. 752
2. 268
1 , 466
5. 481
11. 403
2. 950
4, 865
2. 352
1, 531
5. 539
11,661
2, 962
5, 110
2, 588
1. 533
5, 444
11.830
2, 936
5, 273
2, 688
1,533
5, 626
11,723
2. 930
5,214
2. 549
1 , 575
5, 548
do
18, 700
17, 125
18,089
16, 805
17, 195
16, 532
17, 292
17, 836
17, 176
17,585
17,382 '19,674 ' 18, 739 18, 372
do
5, 175
1,457
7. 099
5, 087
1,001
6, 235
5,058
924
7, 250
5,116
1,211
5, 414
5, 069
1.328
5, 771
5, 106
1,381
5, 057
5, 122
1,354
5, 830
5, 257
1, 549
5,989
5, 043
1,170
5, 876
5, 083
1,244
6, 195
5. 065
1. 164
6, 140
"Residential (nonfarm)
do
Non residential buildings, except farm and
publi> utilities, total 9
mil $
Industrial
_
do
Commercipl 9
do
Stores, restaurants, and garages*
do
Farm construction
do
Public utilities
do
Public total 0
5, 748 ' 5, 346
Military facilities
11, 419
2, 885
5,018
2, 316
'r 1, 526
5, 575
25, 611
11.261 11,205
2, 820
2, 788
4, 967
4. 979
2, 245
2. 262
' 1, 448
1,367
' 5, 570 5, 576
' 5, 192 '5,212
1,492
0)
7, 786
6, 922
5, 209
(0
(i)
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Corp.):
Valuation, totalmil. $
Index (mo. data seas, adj.)*
1957-59=100__
Public ownership
__
.
mil $
Private ownership
do
By type of building:
Nonresidential
do
"Residential
do
Public works
- -do
Utilities
_
__ _ _ do
Engineering construction:
Contract awards (ENR) §..
...do
Highway concrete pavement contract awards:cf
Total
thous. sq. yds..
Airports
.
do
Roads
__
do
Streets and alleys
do
3,026
105
1,049
1,978
3, 114
108
1,052
2,062
3,008
116
942
2, 066
2,712
119
1,091
1,621
2 658
115
922
1, 736
2,749
119
877
1,871
3, 98G
131
1,475
2, 51 1
3, 860
121
1,211
2,650
4,009
117
1,227
2, 782
3,900
120
1,331
2, 569
3,747
117
1,231
2, 516
3, 631
118
1, 039
2,591
3,273
113
1,099
2,174
3, 425
117
1,003
2, 422
3,188
123
1, 099
2, 089
1,020
1,259
579
169
1,019
1, 348
581
166
1,095
1,306
496
111
883
1,125
597
107
853
1,190
527
88
893
1,192
488
176
1,325
1, 552
806
303
1, 102
1, 816
702
241
1,275
1,819
729
186
1.242
1, 656
724
277
1,197
1. 623
719
207
1.177
1, 651
626
176
1, 019
1,519
624
111
1, 075
1,610
574
166
1, 066
1, 361
661 _
99
1,888
1,832
2,071
1,351
1,501
1,806
2, 151
1,687
2, 252
1,821
1,908
2,181
1,621
1, 608
2,144
9,315
621
5, 653
3, 041
8, 939
476
5, 390
3,073
9,192
327
5,117
3, 748
5, 706
112
4,114
1,479
8. 896
382
6, 338
2, 176
6, 386
416
4, 712
1, 257
6, 530
408
4. 170
1,953
8,888
848
5. 694
2, 346
9, 796
787
4,973
4, 037
10, 846
727
6, 445
3,674
8, 861
1,017
4,443
3,402
10,414
421
6, 205
3, 788
6, 986
123
4, 415
2, 447
10,718
132
6, 479
4, 107
14, 898
246
12, 017
2, 635
77.8
53. 8
76.4
117. 9
79.8
115.4
151.6
101. 7
147. 0
156. 4
107.7
154.2
139.5
96.9
138. 2
139. 3
96. 0
135. 8
147.8
101. 7
146.1
'115.3 ' 136. 3
' 76. 4 92. 3
' 113. 6 r 133. 5
149. 5
110.6
144. 9
154. 9
112.0
152. 7
137.0
96. 2
133. 7
137.4
97.7
133.9
144. 7
99.2
143. 0
'112.7
'82.7
'111.0
r
HOUSING STARTS
New housing units started :J
Unadjusted:
Total, incl. farm (public and private)
One-familv structures
Privately owned
thous__
do
do
108.0
84.1
104.3
113.8
82.4
109.4
106.1
74. f>
103. 0
86.6
55. 7
82.2
83.0
54. 4
80. 6
Total nonfarm (public and private) _
In metropolitan areas..
Privately owned
do
do ___
do
106.2
74.0
102.5
111.4
78.8
107.1
104.4
72.9
101.3
84.5
62. 6
80.1
81.7
59. 9
79. 3
55! s
75. 3
116.3
83. 9
113. S
1, 368
1,345
1, 295
1, 255
1, 273
1, 247
1,152
1, 134
1.431
1, 407
1, 542
1, 521
1,579
1, 566
1,425
1,399
1,466
1,447
1,529
1,500
Seasonally adjusted at annual rates:
Total, including farm (private only)
Total nonfarm (private only).. __ _
do
do
122. 3
96.1
120. 7
95. 2
' r 132. 5 121.1
92. 6
80.8
' 129. 7 119. 5
95. 0
' 1, 289 r' 1,550
1, 261
1 , 504
94.1
1, 591
1,576
1,499
1,479
CONSTRUCTION COST INDEXES
Department of Commerce composite
American Appraisal Co., The:
Average, 30 cities
Atlanta
New York _ __
San Francisco
St. Louis
1947-49=100..
144
145
144
145
145
147
147
148
147
148
148
149
149
1.48
'149
149
1913=100—
do
do
do
do
722
793
783
677
700
74!
810
814
703
720
747
815
819
711
731
747
815
815
711
731
748
824
825
711
733
748
824
825
711
733
749
824
825
750
824
825
711
735
751
824
824
711
738
754
825
825
711
742
758
833
845
711
743
760
833
845
718
743
762
835
845
734
743
762
845
816
734
743
768
848
848
740
748
768
848
848
740
754
Associated General Contractors (building only) O
1957-59= 100. _
107
110
109
110
110
l
Revised.
Not yet available; estimate in clue led in to al.
9 Includes data not shown separately.
*For data prior to Aug. 1960 for stores, restaur ants, etc , see Bu reau of C ensus rep orts;
data prior to Mar. 1961 for F. W. Dodge index will b e shown later.
§Data for Nov. 1961 and Mar., May, Aug., and I^ov. 196 2 are for 5 weeks; other mo nths,
4 weeks.
r
%
11C
110
111 !
111
111
111
112
112
112
112
112
d1 3ata for Tan., M? y, July, and Oc-t 1962 are for 5 we c'.ks; othe r months , 4 week s.
IF or re vised
data
for
Jar
.
.-Sept,
1961
see
Census report (020-41,
0 Note shi Ft in refer ence baa.e; data p rior to S 3pt. 1961 on 1957- ">9 base a •e availal jle upon
reques t.
SURVEY OF CURRENT BUSINESS
S-10
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
| 1961
Monthly
average
January 1963
1961
Nov.
1962
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Sept.
Aug.
Oct.
Nov.
Dec.
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
E. H. Boeckh and Associates: 1 *
Average, 20 cities:
All types combined
1957-59=100..
Apartments hotels, office buildings _ do
Commercial and factory buildings
do. __
Residences
do
Engineering News-Record: 0
Building
do
Construction
do
Bn. of Public Roads— Highway construction :t
Comnosite stand mile (avg forotr) 1957 59 — 100
104.7
105.0
104.7
104. 2
105.6
106.3
105. 6
104. 5
106.2
107.0
106.2
104.9
106.3
107. 1
106. 3
104.9
106.4
107.3
106.4
105. 1
106.5
107.4
106.5
105. 1
106.5
107.4
106.5
105. 1
107.0
107.9
106.9
105.6
107.6
108.6
107.6
106.2
107.9
108.9
107.9
106.4
108. 5
109.4
108.5
106.9
108.7
109.7
108. 6
107.2
108.8
109.8
108.7
107.3
108.7
109 7
108.7
107.2
108.
109
108
106
106.1
108.4
107.8
111. 5
108.3
112. 5
108. 2
112.5
108.3
112.5
108.7
112.9
109.1
113.3
109.2
113.6
109.9
114.7
109.9
114.8
110. 6
115.4
111. 1
116.0
111.1
115.9
110.9
115.8
110 8
115.8
*94 1
1
94.9
97.2
97 4
5
6
5
9
110.8
115.8
98 4
97 0
CONSTRUCTION MATERIALS
Output Index:
Composite unadjusted 9 1
Seasonally adjusted o t
1947-49=100 _ ' 129. 9 ' 129. 0 ' 125. 6 ' 108. 6 '113.4
'131.4 ' 126. 5 '121.4
do
Iron and °teel products, unadjusted!
Lumber and wood products, unadj.j
Portland cement unadjusted
do
do
do
128.6
r 127. 0
159.0
130. 2
123. 2
' 127. 4 r |27. 4
161.6
165. 3
105. 3
139. 9
112.3
' 118. 1
102.0
'110.8
' 113.0
T27. 9
'r 133. 3 *r 135. 9
138. 1
133. 8
116. 5
139.2
134. 7
108. 0
r
r
149. 7 ' 144. 9
139. 6 T 135. 9
'132.2
'155.3
T
137. 1 r 141.1
' 139. 6
'133.7
146. 7
129.6
128.5
121.9
199.7
152. 1
'147.9
216.1
' 133. 6
' 134. 5
201.4
141.5
145. 1
202.9
91. C
138. 8
135. 1
122. 4
24.6
246
19.0
22.7
240
16. 3
23. 1
233
17.8
20.4
212
14.7
19.8
219
17.1
19.3
197
15. 5
15.4
189
12. 1
17.7
212
14.1
418. 16
204. 97
371. 89
181.81
40'? SO
1S3.76
403. 77
206. 90
432. 60
219. 34
464. 73
247. 35
430. 95
231.21
546. 38
284. 92
492. 28
253. 52
2, 767
2, 860
2. 948
3, 046
3. 091
3. 068
r
r 123. 6
r
r
150.5
146. 0
201. 7
r
146. 3
135. 0
193.2
r
REAL ESTATE
Mortgage applications for new home construction:*
Applications for FIT A commitments
thous. units- _
Seasonally adjusted annual rate
do
Requests for VA appraisals
do
20. 2
20.3
11.9
14.8
17.4
265
13. 5
16. 4
299
11.0
14.5
227
12.9
18.7
239
12.0
383. 38
165.42
397.10
152.63
483. 73
205. 9!
197. 11
480. 34
226. 58
397. 95
175. 44
U,981
2 2, 602
2, 288
2,662
2. 320
2, 228
2, 151
2, 323
1,192
1,447
1,529
1,500
1, 323
1,303
1.611
1 . 661
1,857
1,936
1.839
2, 036
1, 731
1,953
1.730
390
511
423
601
436
645
417
£98
353
550
362
509
464
633
•Vi2
635
584
739
572
823
515
796
540
920
495
746
'543
r
823
498
704
New non
far in mortgages recorded ($20,000 and
under"1 estimated total
mil $
Non farm foreclosures
- - number __
2, 445
4, 279
2. 596
6,090
2, 754
6, 564
2, 579
6, 151
2, 459
7,103
2, 238
6,382
2, 627
7,441
2, 704
7. 055
2, 1)83
7. 214
3, 075
7.396
3, 134
7, 206
3,333
7,568
2,861
7, 034
3, 208
Fire losses
92. 32
100. 75
115.85
109. 52
133.48
115.86
114.42
106. 14
114.53
95. 99
94.79
94. 58
85. 25
99. 99
Home mortgages insured or guaranteed by—
Fed Hous \dm • Face? mount
mil $
Vet Adm * Face amount
do
Federal Home Loan Banks, outstanding advances
to member institutions
-mil. $
New mortgage loans of all savings and loan associations estimated total
- ..mil $__
By purpose of loan:
Home construction
... -do
fTome nurchase.
_.do
All other purposes
do
mil $
r
r
13. 1
''On
JO 6
11.7
202
8 9
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adj.:
Combined index
1947-49=100
IVtagaxines
Newspapers
Outdoor
Rndio (network)
Television (network)
Soaps cleansers etc
Smoking materials
All other
Spot (national and regional):
Gross time costs, total
Automotive incl accessories
Drugs and toiletries
Foods, soft drinks, confectionery
Magazine advertising:
Cost total
Apparel and accessories
Automotive, incl. accessories
Building materials
Drugs and toiletries _. .
Foods, soft drinks, confectionery
233
246
185
244
250
183
244
254
194
240
2C1
190
244
248
190
240
254
184
243
268
194
240
242
192
239
248
189
240
261
186
245
243
188
246
249
196
240
258
186
210
160
23
462
201
143
20
483
223
132
23
530
212
140
19
520
207
132
19
516
216
128
20
533
200
128
20
544
196
131
18
533
196
133
20
550
191
133
21
551
193
140
17
549
203
146
17
583
201
144
20
562
202
146
20
mil $
do
do
do
56.9
4 6
16.3
10.8
i 178.0
i 12.0
152.0
136.7
198.6
16 3
58. 4
39.3
194.6
12 7
60.7
42 7
193 2
12 2
58. 1
39 1
192.4
9.6
62.6
37.4
do
do
do
5. 8
6.4
13 0
119.2
121.2
137 o
17 3
21.7
45 7
19.6
21.9
37 0
20.9
21.7
41 2
24.4
21.6
36.8
do
do
do
do
3150.8
1154.4
14.3
130.2
152.5
177.8
4 5
37. 3
61.0
182.1
4 2
39.7
64.5
189.4
7.4
31 8
62.8
151.9
5.4
30.2
48.3
1 18 0
i 7.4
141.9
17 4
21 5
8 4
43.8
23.5
9 0
54.9
20 4
5.0
42.6
do
do
do
1950-52= 100..
Television advertising:
Network : d"
Gross time costs total
Automotive incl accessories
Drugs and toiletries
Foods, soft drinks, confectionery
Soaps cleansers etc
Smoking materials
All other
235
246
188
do
do
do
do
48.9
1.4
6.9
1.0
4.4
7.5
66.9
2.7
7.3
2.4
6.3
12.3
81.3
5.0
9.3
3.5
7.0
12.5
87.1
7.2
10.8
3.6
7.5
11.1
4.3
7.5
2.4
4.2
5.8
Beer, wine, liquors
_ . do
4.8
4.2
5.6
7.1
Household equip., supplies, furnishings ..do
1.9
3.8
3. 6
4.8
2.1
4.6
Industrial materials
do _
.9
.7
.5
.3
.8
Soaps, cleansers, etc
do
2.9
2.4
2.2
2.6
Smoking materials
do
1.9
22.9
23.2
27.4
19.2
21.7
All other
do
2
' Revised.
1 Quarterly average based on quarterly data.
End of year.
3 Quarterly average based on revised annual total; breakdown not available.
<f Copyrighted data; see last paragraph of headnote, p. S-l.
*New series; data prior to
June 1961 will be shown later.
©Revised to reflect data as of 1st of indicated month and
shift to 1957-59=100 reference base; data for building costs prior to Aug. 1961 are shown on
p. 18 of the Oct. 1962 SURVEY. fRevised to reflect current specifications and base period;
data prior to 4th qtr. 1960 are available upon request.
http://fraser.stlouisfed.org/
3.3
3.1
2.5
.7
2.8
23.6
4.7
4.9
3.6
.8
2.6
27.5
3.7
7.2
4.2
.8
2.6
28.5
Federal Reserve Bank of St. Louis
do
do
do
do
do. __
do
71.1
4.7
7.8
3.0
6.7
9.8
69.7
4.5
7.0
2.5
6.6
10.2
7.6
50.2
84.7
5.1
9.4
1.8
7.7
12.3
68.5
3.3
5.8
.9
7.1
9.3
82.0
5.7
9.2
3.7
7.3
10.1
72.9
2.9
7.6
2.6
8.1
10.3
51.7
.9
4.4
1.7
6.4
8.8
50.2
5.2
3.6
1.4
5.0
7.1
75.0
8.4
5.6
2.7
6.9
9.4
519
91.8
6.8
12.8
2.4
8.6
13.1
96.3
5.4
11.3
1.9
9.9
14.1
5.1
3.6
4.6
2.8
5.1
3.9
6.2
5.0
7.5
3.4
2.4
5.0
7.6
7.0
4.3
3.2
3.3
4.4
4.1
4.9
4.6
.7
.6
.6
.7
1.0
1.0
1.4
2.9
3.5
2.5
2.5
2.7
2.8
2.8
26.0
23.2
16.0
16.3
24.7
27.2
31.7
9 Includes data for items not shown separately.
t Revisions available upon request are as follows: 1955-Oct. 1961 for composite index;
1955-June 1960 for iron and steel; 1959-Oct. 1961 for lumber and wood products.
cf Revised beginning 1961 to provide for horizontal contiguity rate structure, wherein a
single advertiser might obtain a lower basic rate through the purchase of time across-theboard; not directly comparable with earlier data.
SUEVEY OF CURRENT BUSINESS
January 1963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
1962
1961
Monthly
average
Nov.
S-ll
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
239. 5
63.2
176. 3
11.2
4.1
26.1
134.9
257.8
62.5
195.3
16.2
5.1
31.3
142. 6
261. 4
59.2
202. 2
12. 3
4.3
30.0
155. 6
Dec.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising linage (52 cities):
Total
mil lines
Classified
do
Display, total . _ _ _
___do
Automotive
do
Financial . __ __
do
General
do
Retail
_ _ __ ___ __ __
_do_ _-
240.7
61.3
179.5
13.8
4.5
28.8
132.4
231.4
58.1
173.3
12 3
4.9
26.9
129.1
261.3
57.5
203.9
13.0
4.8
31.5
154.5
242.8
50.8
192.0
8.9
5.6
23.3
154.3
201.3
55.7
145.6
10.7
7.8
18.7
108.4
198.9
54.1
144.8
11.4
4.4
23.4
105.6
236.9
62.2
174.7
12.7
4.8
27.6
129.5
246.0
63.6
182.4
13.7
5.5
27.6
135.6
256. 9
65.9
190.9
15.1
4.4
30.5
140.9
227.6
62.3
165. 3
14.2
4,4
26.1
120.6
207.0
61.7
145. 3
12.6
5.4
19.0
108.3
229.8
64.6
165.1
11.3
3.5
20.0
130.4
18, 294
18, 234
19,215
22,869
16, 942
15, 982
18, 970
19,172
20, 144
20, 184
19, 068
19, 852
5 894
3, 292
3, 082
211
5, 608
3, 076
2,870
206
6, 086
3, 389
3,180
209
6, 295
3, 136
2. 862
'274
5, 174
3, 106
2. 931
175
4. 980
2', W4
2, 832
162
6,139
3, 780
3, 579
201
6, 284
3. 763
3, 544
219
6, 828
4, 026
3, 786
240
6, 786
3,944
3, 697
247
6,330
3, 567
3,334
233
6, 321
3,421
3,194
227
883
564
319
943
718
224
865
547
318
913
700
213
960
614
346
949
743
206
1,181
71 8
463
906
(V>6
280
781
492
289
687
522
165
461
264
652
501
151
814
532
2S2
816
623
193
789
529
260
950
728
876
577
299
1, 063
814
249
894
580
314
1,068
829
239
873
573
300
1, 070
850
220
948
625
323
1,096
874
222
do
do
do
do
do
do
12, 400
1,142
218
444
276
204
12, 626
1,144
222
439
282
2H1
13,129
1, 261
16,574
2,051
449
770
r
i50
282
11, 70S
948
196
3f>l
295
166
11 . 002
795
149
12 S3!
1,063
12, 8SS
1,307
11 S
203
1 90
490
320
270
13 316
1,1 S3
221
463
285
214
1 3, 398
1,1.21
233
407
269
212
12, 738
971
1S5
368
236
182
13,531
1, 096
192
414
275
215
do
do
do
c^o
do
628
1,341
4, 486
4,028
1, 466
645
1, 367
4,618
4, 1 59
1, 498
646
1, 3." 9
4, 595
1146
1,514
r
iv>->
1.1 85
4,314
3, 002
1,333
1.336
4, ( <71
667
1,537
5, 033
1, JS7
1,511
669
1, 186
4,791
4, 320
1,577
646
1 371
t, 520
4, 733
4, 267
1,647
658
1 , 630
4, 997
4,521
1,662
63°
1,513
4. 823
4, 309
1 , 564
General merchandise group?
do
Department stores
_„ do
Mail order houses (dept. store incise.) .do
Variety stores
do
Liquor stores
__
do
2, 001
1, 162
155
325
407
2, 076
1,213
161
340
409
2, 459
1,452
237
375
430
3, 85*]
2, 293
248
300
i, <!66
1,146
1-15
3OJ
395
2, 1 57
i,2,')3
1 50
3*3
38S
2, 206
1, 287
163
351
409
'>, 1 16
617
045
131
249
<:S78
*'l37
352
420
1,930
1.110
131
323
422
2, 247
i, 272
180
367
444
2, 232
1.303
165
35'?
421
do
19,098
1K,827
13, 835
18. %5
19,206
!'),/)%
19, 432
19,089
19. 682
19, 569
Durable goods stores 9 ©
do
Automotive croup©
do
Motor veh., other automotive dealers. do
Tire, battery, accessory dealers©
do
6 100
3, 600
3, 302
208
5 015
3, 277
3, 050
227
5 <r'0
3 MS
3,126
222
3, 301
3, 138
6, 180
3. 557
3, 329
228
0, 332
3, 040
3,422
224
6, 169
3, 520
3, 297
6, 029
3, 436
3, 220
216
6, 378
3, 058
3, 446
212
6, 128
3, 423
3.218
205
6,125
3; 372
3,149
223
951
625
326
933
710
223
RETAIL TRADE
All retail stores:
Estimated sales (unadj.), totalf ©
mil. $
Automotive group©
_.do
Motor veb., other automotive dealers. do
Tire battery, accessory dealers©
do
Furniture and appliance group
Furniture, homefurnishings stores
Household appliance, TV, radio _
Lumbor, building, hardware group...
Lumber bldg. materials dealerscf Hardware stores
Nondurable goods stores 9
Apparel group _ _
__
Men's arid boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
_
Drue; and proprietary stores.
Eating and drinking places
Food group
_.
Grocery stores
Gasoline service stations
__
Estimated sales (seas, adj.), totalf©
do
do
do._
-do
do
do
483
329
197
890
1,421
t! 670
1, 546
^H
•1,470
4,013
1,417
1, r.32
IL80
145
i, 513
850
121
O')Q
isr,
r,«3
4, :<*
1.C23
i , r-oo
18, 796 '20,498 "20, 872 1 24,238
5, 604 r 6, 988 '- 6, 755
2, 808 r 4, 082 r 3, 8S3
2, 599 r 3,r 8 >0
3, 0~2
231
232
209
r
902
* 027
335
91 6
598
318
999
782
217
'1.06S
• 846
'1,022
008
354
980
700
214
647
'-1,485
'1,004
' Of 1
' 1,450
'4.924
' 4, 40]
' 1, 564
r
r
T
r
r 4 £()3
r
4, of,0
2, 372
1 , 377
' 183
'7 360
432
19,618 '19, 744
2(). 18!) i 20,238
' 6, 534 i 0, 530
' 3, 832 3. 773
* 3, 610 3, 543
r 222
230
885
569
316
927
714
213
879
558
321
932
722
210
888
576
312
937
715
222
888
582
306
972
753
219
876
562
314
946
728
218
861
565
296
923
713
210
908
604
304
978
763
215
909
595
314
951
736
215
Nondurable goods stores 9
Apparel group
__
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores __ __ __
do
do
do
do
do
do
12,908
1.187
229
459
295
204
12,912
1,164
218
445
294
207
12, 915
1,185
224
447
300
214
12, 988
1, 170
218
438
297
217
13, 086
1,217
232
464
306
215
13,264
1,207
231
450
304
222
13, 263
1,196
236
451
304
205
13,060
1,114
208
431
277
198
13, 304
1,200
229
462
301
208
13,441
1,224
237
463
301
223
do
do
do
do. _
do
675
1,398
4, 694
4,244
1, 519
693
1,407
4, 631
4, 196
1,539
655
1,387
4,684
4,236
1,543
665
1,414
4,732
4,280
1,539
658
1,441
4, 680
4,237
1, 552
675
1 . 426
4! 787
4, 318
1,547
677
1,444
4,801
4, 335
1,533
680
1,464
4, 722
4,269
1,553
674
1,404
4,835
4,368
1,525
673
1,461
4, 856
4,391
1, 546
651
1,454
4,915
4,453
1,563
648
1,443
4, 846
4, 390
1, 566
691
1,497
4,819
4, 364
1,569
2,165
1,245
174
370
421
2, 184
1,311
158
347
409
2,133
1, 232
163
360
431
2, 138
1,241
159
366
432
2,246
1,323
162
380
409
2, 253
1,308
171
379
443
2, 268
1,320
167
376
433
2, 198
1,299
160
357
418
2,287
1,344
167
374
433
2, 301
1,310
181
381
454
2, 332
1,362
182
368
421
2, 229
1, 254
163
'371
'441
2 400
1, 355
178
395
452
-do
_do
do
do
Book value (seas, adj.), total
_do _ .
Durable goods stores9
___do
Automotive group
do
Furniture and appliance group
do
Lumber, building, hardware group- -do
••891
'574
317
'r• 927
718
'209
920
595
331
96 r>
750
215
13, 493 '13,
263 '13, 655 * 13,708
1,203 r 1, 160
1,219
r 925
236
231
r
467
442
471
292
'282
299
208
'211
218
25.98
11.72
4.88
1.90
2.35
25.78
11.03
4.38
1.88
2.25
27.71
11.26
4.12
1.99
2.30
25.78
11.03
4.38
1.88
2.25
25.82
11.37
4.76
1.85
2.28
26.56
11.62
4.96
1.87
2.32
27. 37
11.83
4.99
1.92
2.44
27.54
11. 99
5. 04
1.97
2.50
27. 44
11.98
5.04
1.94
2.49
27.02
11.77
4.87
1.92
2.48
26.91
11.76
4.88
1.91
2.46
26. 66
11.17
4.21
1.92
2.44
27.02
10. 96
3.97
1.97
2.42
' 28. 04
11.44
4.33
2.01
2.40
28.47
11. 63
4.42
2. 05
2.37
14.26
3.16
3.14
3.89
14.75
3.22
3.31
4.04
16.45
3.70
3.48
4.94
14.75
3.22
3.31
4.04
14.45
3.09
3.24
3.98
14.94
3.25
3.31
4.20
15.54
3.41
3.37
4.43
15.56
3.41
3.35
4.46
15. 46
3.35
3.37
4.42
15.25
3.26
3.34
4.34
15.15
3.19
3.28
4.38
15.48
3.40
3.28
4.53
16.06
3.58
3.38
4.76
'16.60
'3.70
'3.43
'5.09
16. 84
3.70
3.46
5.14
27.18
12.33
5.27
1.95
2.44
26.86
11.52
4.69
1.92
2.33
26.75
11.44
4.58
1.89
2.36
26.86
11. 52
4.69
1.92
2.33
26.86
11.52
4.69
1.93
2.34
26. 90
11.48
4.66
1.93
2.34
26. 78
11.38
4.54
1.93
2.38
26. 87
11.43
4.54
1.96
2.41
26. 94
11. 42
4.54
1.93
2.40
27. 08
11.45
4.55
1.92
2.43
27.18
11.59
4.67
1.94
2.44
27.05
11.51
4.58
1.92
2.45
27.24
11.66
4.72
1.94
2.44
' 27. 40
11.76
'4.81
1.94
' 2. 44
27. 46
11. 80
4.86
1.94
2.43
15.34
14.85
Nondurable goods stores 9
do
15.32
15.34
15.34
3.41
Apparel group
do
3.36
3.39
3.41
3.40
Food group..
_
___do
3.14
3.31
3.39
3.31
3.32
4.44
General merchandise group _ _
do
4.26
4.32
4.44
4.43
r
Revised.
1 Advance estimate.
fData for retail sales (1946-50) and for wholesale
sales and inventories (1946-47) have been revised for comparability with la ,er data; new
figures are available upon request.
9 Includes data not shown sep arately.
©Re vised
beginning Feb. 1961; revisions for Feb.-Apr. 1961 will be shown later.
cfComj )rises
i 884
1,475
5, 180
4, 700
1,044
r 6, 481
914
577
337
949
726
223
Nondurable goods stores 9
Apparel group
Food group
General merchandise group
i
i
i
'
r
866
545
321
930
729
201
Estimated inventories, end of year or month: J
Book value (unadjusted), total
bil. $__
Durable goods stores 9
do
Automotive group
do
Furniture and appliance group
do
Lumber, building, hardware group... do
' I . U)2
2, 720 • 4, 073
1. 570 - 2, 355
246
403
-MO
do
do
do
do
do
do
General merchandise group9
do
Department stores
_ .do
Mail order houses (dept. store rndse.) do
Variety stores
do
Liquor stores _ _
do
0. 8X3
i 3. 4i;;
13, 192 '-13,510 '14,117 i;1 7, 355
1,193 r 1,21
1 , 307
4
"2, 185
r
220
200
455
>• 468
296
339
'308
T
210
236
212
Furniture and appliance group
Furniture, homefurnishings stores
Household appliance, TV, radio Lumber, building, hardware group
Lumber, bldg. materials dealerscf
Hardware stores
Drug and proprietary stores.
Eating and drinking places
Food group
Grocerv stores
Gasoline service stations
1
r
15.42
15.40
15.44
15.52
15. 62
15.59
15.54
15. 58 ' 15. 64 15.66
3.39
3.35
3.39
3.40
3.43
3.41
3.39
3.34
'3.38
3.38
3.35
3.34
3.33
3.36
3.34
3.30
3.33
3.40
3.38
3.36
4.44
4.41
4.44
4.46
4.52
4.54
4.51
4.50
4.54
4.51
lumber yards, 1DUilding material s dealers and paint, plum bing, an d electrical store
tBDetail in v entories have beeii revised beginnirig 1946. Revisioiis for De<3. 1957-Se pt. 1960
appeal on p. 24 of the Dec. 196 1 SURVI Y; those for the earlier p eriod are availab le upon
reques t.
SURVEY OF CURRENT BUSINESS
S-12
t'nless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1960
1962
1961
Monthly
average
Nov.
.human- 19*53
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
Firms with 4 or more stores:
Estimated sales (unadjusted), totaH
mil. $—
Firms with 11 or more stores :
Estimated sales (unadj ) total 9K
- -do__ Apparel group 9
do
Men's ar d bovs' wear stores
do
Women's op n arel accessory stores
do
Shop stores
- - --do
Drup" and proprietary stores
do
Fating and drinking places
-do
Furniture homefurnishings stores
- -do
Dept stores, excl. mail order sales
Variety stores
Qrocerv stores
Lumber vards bVlg materials dealers cf
Tire battery accessorv dealers^
-do -do
do
-do
do
Estimated siles (sea53 adl ) total 9 ^f
4,724
5, 127
5, 592
7, 466
4,564
4, 306
5, 252
5, 236
5, 396
5, 499
5,041
5,526
5,413
5. 622
6,039
4,223
4 378
4 716
6, 364
3, 866
3, 673
4,508
4,464
4,594
4,698
4, 269
4,670
4, 559
4 692
5 056
293
29
118
85
37
297
30
120
86
127
95
38
335
37
138
85
130
98
43
542
64
229
129
212
100
50
224
24
85
70
1 24
93
32
198
18
79
64
118
88
31
273
25
108
82
130
98
41
361
32
138
118
130
98
37
315
29
128
97
132
103
41
299
30
116
95
134
106
38
250
22
100
79
129
105
36
291
23
115
96
131
106
41
318
9
5
125
105
129
101
39
314
30
124
93
132
103
46
346
35
H3
93
137
99
48
1 290
781
251
1 , 785
69
82
1 354
823
262
1 , 843
63
83
1 610
975
286
1 , 843
64
85
2 517
1,517
550
2,135
51
116
1 052
642
183
1 , 784
42
965
570
196
1,744
44
64
1 253
775
241
2 100
54
80
1 398
858
277
1, 805
62
87
1 424
883
9ft«
/oo
1,908
69
100
1 402
' 875
271
2, 041
71
101
1 ?62
770
248
1,818
1 436
884
271
1 , 893
67
86
1 519
939
279
1 890
73
99
1 734
96
1 459
'870
285
1 960
76
91
4 516
4 569
4 501
4 523
4 653
4,582
4, 591
4 523
4 635
4 670
4 691
& 610
4 743
313
31
128
90
135
1 00
37
302
30
125
84
141
100
41
314
30
126
95
133
101
39
313
29
125
97
135
99
36
311
31
124
95
133
100
41
302
29
119
92
138
100
39
311
30
122
93
134
102
40
291
28
117
86
136
102
37
314
30
125
92
134
99
40
330
3°
127
98
135
99
40
313
30
129
93
135
99
41
305
99
121
95
136
100
41
3°0
'H)
130
97
149
100
49
1,410
851
279
1,877
63
87
1,434
916
257
1,899
63
90
1,408
848
268
1, 865
56
1,511
941
288
1. 903
64
91
1,414
852
283
1, 921
65
89
1,451
878
287
1,906
61
89
1,420
870
275
1,899
61
87
1,472
896
287
1,913
64
89
1 487
886
302
1, 921
62
86
1 496
916
284
1,936
61
93
1 428
863
9g8
1,940
61
90
1 593
999
30°
1, 937
Q9
1,407
858
279
1.890
63
88
12, 368
5, 958
6, 410
6, 886
5, 482
13, 053
5, 903
7, 150
7, 161
5, 892
12, 301
5. 698
6, 603
6,812
5, 489
12, 007
5, 530
6,477
6,541
5, 466
12, 135
5.609
6, 526
6, 562
5, 573
12,678
5,864
6,814
6,901
5. 777
12, 868
5, 948
6, 920
7, 008
5, 860
13,010
6,088
6,922
7, 008
6,002
12, 948
6,153
6, 795
6.898
6, 050
13, 045
6 913
6 839
6 973
6* 079
13, 156 r 13 390
6, 148 r g 945
7,008 r 7 145
6 977 r 7 1 53
6. 179 r 6 937
13, 54?
6 902
7 340
7 178
6 364
121
93
do
\pparel group 9 v
A-Ten's and bo s' w^ar stores
Women's apparel, accessory stores
Shoe stores
Dru^and proprietary stores
Eating and drinking places
Furniture honi-efurnishinrs stores
_do
do
do
_do _ . _
do
do
do
General merchandise group 9
Dept stores excl mail order sale1^
Varietv s tores
Grocery stores
- Lumber vard^ bldg materials dealers d*
Tire battery accessorv dealers^
do
do
do
do__
do
do
All retail stores, accounts receivable, end of mo.:* 1
Total
mil. $ _ _ 12,937 i 13,053
6, 104
5, 903
Durable goods stores
do
Nondurable goods stores
_do _ . f>, 833 7, 150
7,122
7, 161
Charge accounts
do
5, 815
Installment accounts
- -do
i H'partment stores:
Ratio of collections to accounts receivable:
Charge accounts
percent-.
Installment accounts
do
Sales by type of payment:
Cash' sales __
percent of total salesCharge account sales
_
-do
Installment sales
do
Sales, total United States: t
Unadjusted
Seasonally adjusted
Stocks, total U.S., end of month:t
Unadjusted
Seasonally adjusted
1957-59=100.do
do
do
1, 06'?
307
2 000
66
Q9
94
46
15
47
15
49
17
16
47
16
46
15
50
16
46
17
48
17
48
17
47
16
47
17
46
17
49
17
49
17
43
42
15
43
42
16
42
42
16
45
40
15
42
40
18
42
41
17
42
42
16
43
41
16
42
41
17
43
40
17
44
39
17
44
39
17
42
41
17
41
42
17
42
41
17
108
109
134
' 113
204
113
83
110
83
110
90
117
112
113
110
115
105
111
96
114
104
115
117
117
113
110
9
135
120
v 137
i> 119
14 33
r 4 97
r
9. 36
13. SO
4 64
9. 26
109
110
r
129
T
112
104
113
102
114
108
115
116
116
118
115
117
117
112
118
112
118
117
118
1 5
118
' r' 141
!' 118
r
" 21 1
P 116
WHOLESALE TRADE f
Sales, estimated (unadj.), total
Durable goods establishments
Nondurable goods establishments.
_bil. $__ 12. 33
4.44
do
7.89
.-do _
12. 56
4.28
8.27
13.64
4.55
9.09
12. 87
4.22
8.65
12. 33
4.14
8.19
11.57
3.96
7.61
12. 98
4. 52
8.46
12.60
4.54
8. 06
13. 52
4.76
8.76
13.12
4.69
8.43
12. 71
4.47
8.24
13.71
4 78
8.93
12. 86
4 50
8. 36
r
Inventories estimated (unadj ) total
Durable goods establishments _
Nondurable goods establishments
i 13.21
do
6. 61
_do _ _
6.60
do ! _ _
U3. 49
0. 6 8
6.81
13.78
6. 74
7.04
13. 49
6.68
(i. 81
13. 59
6.72
6. 87
13. 56
6. 79
6. 77
13.68
6. 96
6. 72
13.61
6.98
6.62
13. 59
7. 05
6. 54
13.71
7.08
6.63
13.70
7. 06
6. 64
13. 76
7.01
6.75
13 85
7 00
0 85
r 14
r 7 l(j
14 08
6 92
7 16
187 63
13
6 97
EMPLOYMENT AND POPULATION
POPULATION
Population, U.S. (incl. Alaska and Hawaii):
Total, incl. armed forces overseas § _
mil
2 180.68 2183.74
EMPLOYMENT 0
Non institutional population, est. number 14 years
of age and over, total, unadj
_ mil__ 125. 37
184. 84
185. 07
185. 29
185. 51
185. 71
185. 94
186. 15
186. 37
186. 59
186 85
187 11
187 38
187 84
127. 85
128. 76
128. 94
129. 12
129. 29
129. 47
129. 59
129. 75
129. 93
130.18
130 36
130 55
130 73
130 91
131 10
Total labor force, incl. armed forces „
Civilian labor force, total
Employed, total
Agricultural employment
Nonagriculturai employment
thous-do
do
do
do
73, 126
70, 612
66, 681
5,723
60, 958
74,175
71,603
66, 796
5, 463
61,333
74, 096
71, 339
67, 349
5, 199
62, 149
73, 372
70, 559
66, 467
4.418
62, 049
72, 564
69, 721
65, 058
4, 417
60, 641
73, 218
70, 332
65, 789
4,578
61,211
73, 582 3 73, 654
70, 697 70, 769
66, 316 3 66, 824
4,782 4,961
61, 533 61, 863
74, 797
71. 922
68, 203
5, 428
62, 775
76, 857
74, 001
69, 539
6,290
63, 249
76,437
73, 582
69 564
6,064
63,500
76, 554
73, 695
69 762
5,770
63, 993
74, 914
72, 179
68 668
5, 564
63, 103
74, 923
72, 187
68 893
5, 475
63, 418
74, 532
71, 782
67 981
4,883
63, 098
74, 142
71,378
67 561
4, 066
63, 495
Unemployed, total __
_
Long-term (15 weeks and over)
Percent of civilian labor force
Not in labor force
__
do
3, 931
do -.
956
5.6
52, 242
thous
4,806
1, 532
6.7
53, 677
3,990
1,137
5.6
54, 659
4.091
1,233
58
55, 570
4,663
1,252
6. 7
56, 554
4, 543
1,431
6.5
56, 072
4,382
1,485
6.2
55, 889
3,719
1, 274
5.2
54, 956
4,463
1, 033
60
53, 072
4 018
921
5 5
53 746
3 932
934
53
53 805
3 512
906
49
55 631
3 994
865
4 6
55 808
3 801
866
53
56 378
3 817
979
53
56 954
Civilian labor force, seas. adj.*.
.do
71,482 71, 272 71.435
Employed, total
.
do
67 148 66 936 67 278
Agricultural employment
_do
5,311
5, 204
5, 453
Nonasrieultunil emplovment
do
61 840 61 618 61 690
Unemploved, total
_
do
4,274
4, 159
4, 370
Percent of civilian labor force
._ _ _
6.1
6.0
5.8
r
!
2
Re vised.
* Preliminary.
End of year.
As of July 1. 3 See note"©".
1 Revised beginning Feb. 1961; revisions for Feb.-Apr. 1961 will be shown later.
9 Includes data not shown separately.
cf Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical stores.
fSee corresponding note on p. S-ll.
§Revisions (1950-61) are available.
*Ne\v series. Back data for accounts receivable are available from Bureau of the Census.
3,946
1.483
5.6
55, 933
71,841 71.774 371,484 71, 850 71, 706 7"! 578 72 392 72 035 71 899 71 926 72 099
67 894 67 947 367 499 67 931 67 711 67 735 68 194 67 854 67 875
67 778 68 037
5, 603
5,214
5. 560
5, 255
5 190
5' 143
5 166
5 093 4 988
5' 063
4 789
6? 206 62 280 62 236 62 775 62 747 69 809
63 172 6° 914 69' 91 5 62' 784 63 054
9
A, 167
4, 008 3,914
3,903 3 917 3' 8 8 4 218
3, 963
4 164
4 002
3 977
5.4
5.5
5. 5
5.8
5.6
5.5
5.3
5.8
5.5
5.8
5.6
Monthly labor force data (1948-60) appearin" Employment and Earning?," BLS (Feb. 1962).
JRevised series, reflecting (1) adjustment to 1958 Census of Business benchmarks, (2)
shift to 1957-59 base period, and (3) review of seasonal factors. Revisions beginning 1947
appear in the FEDERAL RESERVE BULLETIN, July 1962.
©Beginning Apr. 1962, not strictly
comparable with earlier data; see July 1962 SURVEY.
SURVEY OF CURRENT BUSINESS
January 1963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
j 1961
Monthly
average
S-13
1961
Nov.
1962
Dee.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec. p
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls (nonagricultural estab.):f
Total unadjusted t
thous__ 54, 347
54, 077
55, 129
55,503
53, 737
53, 823
54, 056
54, 849
55, 209
55, 777
55, 493
55, 709
56,252 ' 56, 333 ' 56, 192 56. 473
16, 762
9, 441
7, 321
16, 267
9,042
7, 225
16,658
9, 329
7, 329
16,556
9, 297
7, 259
16, 370
9,222
7, 148
16,452
9 287
7^165
16, 525
9. 339
7,186
16, 636
9, 422
7,214
16, 682
9, 475
7,207
16, 870
9,547
7,323
16, 782
9, 463
7,319
16.931
9, 402
7, 529
17,127 '17.028 '16,871 16. 730
9, 571 ' 9. 562 ' 9 527 9, 493
7, 466 ' 7, 344 7, 237
7, 556
Manufacturine establishments
Durable goods Industries
Nondurable goods industries
do
do
do
Mining total 9
_
M'etal
Coal mining
Crude petroleum and natural gas
do__
do
do
do. _ _
709
93
182
314
666
87
156
309
667
88
157
306
657
85
156
306
647
86
154
305
642
86
153
302
640
86
149
302
647
87
146
302
657
88
145
304
661
89
143
308
648
88
130
310
65S
84
142
309
651
80
143
307
do
do
_do _ .
do
2, 882
4,017
887
283
2, 760
3, 923
820
270
2, 825
3, 943
816
267
2. 575
3, 927
824
269
2,298
3,863
801
270
2, 282
3, 863
799
267
2, 328
3, 880
803
262
2, 589
3, 904
808
267
2, 749
3, 924
815
266
2, 839
3, 965
819
261
2, 982
3, 948
811
254
3, 031
3, 963
810
251
2. 978
3', 959
784
265
874
191
706
613
875
197
695
611
913
199
688
606
895
200
686
604
867
200
684
602
872
201
684
600
879
204
685
600
887
205
687
601
893
207
688
602
919
208
692
613
920
193
698
618
928
199
699
619
942
210
693
612
11,412
3,009
8. 403
2. 684
7, 361
8 520
11,368
3. 008
8, 361
2, 748
7.516
8, 828
11,611
3, 051
8, 560
7,' 596
9,072
12,181
3, 062
9,119
2, 756
7,573
9, 278
11,270
3,021
8,249
2,747
7, 510
9, 032
11,188
3, 021
8, 167
2,749
7, 545
9,102
11,223
3, 022
8, 201
2. 754
7, 573
9,133
11,470
3, 028
8, 442
2. 770
7. 690
9. 143
11. 476
3, 034
8, 442
2,780
7, 769
9.172
11,582
3 074
8, 508
2, 808
7,881
9,171
11.540
H, 09 '
8. 449
2. 839
7. 884
8. 870
11, 558
3. 107
8. 451
2, 841
7, 867
8, 860
11.627
3,' 105
8, 522
2. 813
7. 856
9, 241
1 54, 347
Total seasonally adjusted!
_
do
16, 762
Manufacturing establishments
do
9,441
Durable goods industries
do
187
Ordnance and accessories
do
637
Lumber and wood products
do
383
Furniture and
fixtures
do _ _
595
Stonp, clav, and glass products. _ _ _ _do _
1, 229
Primary metal industries _
do
54, 077
16, 267
9,042
201
600
367
567
1, 142
54, 525
16, 466
9.213
206
602
373
570
1,178
54,492
16,513
9. 244
'206
600
375
565
1, 184
54, 434
16, 456
9, 217
207
598
372
559
1,194
54, 773
16. 572
9, 312
207
612
375
563
1,211
54, 901
16, 682
9, 385
210
610
379
562
1,217
55, 260
16, 848
9, 490
211
611
382
571
1,223
55, 403
16,891
9, 544
213
609
387
579
1,199
55, 535
16,923
9. 555
213
611
386
581
1,163
55,617
16. 908
9, 552
217
607
386
581
1, 149
55, 536
16, 795
9. 461
222
609
385
583
1.141
55,583 '• 55, 647 ' 55, 577
16,805 '10.781 ' 16, 676 16.' 684
9, 486 r 9, 470 ' 9, 407 9, 4H9
220
220
222
603
' (503
607
' 602
T
380
'378
378
380
576
' 572
563
"579
1, 134
1, 126
1, 119 '1,117
1,128
1,471
1,446
1, 076
1, 401
1, 436
1,097
1,412
1,456
1,098
1,418
1,471
1,092
1,416
1,477
1,097
1,421
1,495
1,109
1,437
1, 510
1.124
1, 453
1, 528
1,135
1, 460
1,541
1,131
1,470
1,554
1,132
1,474
1,555
1.122
1,480
1,541
1,129
1,471
1, 528
1,117
' 1,482
1,546
' 1,109
1,480
' 1, 524
1,114
1 , 469
1, 536
1,617
354
392
1, 522
346
382
1,579
351
389
1, 588
352
387
1,569
351
382
1,595
352
384
1,611
355
385
1. 637
356
394
1, 663
359
399
1,687
359
400
1,688
362
401
1. 619
362
397
1,694
358
393
r
' 1,652
'358
' 39 4
1,666
359
397
7,321
1,793
94
915
1, 228
593
917
830
212
374
366
7, 225
1,780
90
880
1, 200
590
926
830
203
365
361
7, 253
1,791
87
884
1,203
593
928
837
7. 269
1,782
89
886
1,211
597
929
839
197
377
362
7, 239
1,778
89
884
1, 196
593
926
836
200
377
360
7, 260
1. 776
89
884
1,206
595
929
841
200
381
359
7, 297
1.777
90
886
1,227
599
931
842
199
384
362
7, 358
1,788
88
889
1,258
602
934
847
199
384
369
7,347
1, 776
88
890
1,248
604
935
849
199
392
366
7, 368
1,774
87
891
1, 257
606
937
853
199
399
365
7,350
1, 777
89
885
1.249
606
937
858
199
396
360
7, 334
1, 763
93
879
1,246
606
937
855
198
39,5
362
7, 319
1,770
96
874
1, 243
603
938
853
191
393
358
'7,311
'• 1, 769
'93
871
665
654
653
709
do
666
2, 699
2,719
2, 594
2,882
do
2, 760
3,911
3,927
3, 906
4,017
3, 923
do
do _ _ 11,412 11,368 11.374 11,366 11,384
2,770
2,772
2, 771
2, 684
do
2, 748
7,642
7,640
7, 361
7, 516
do
8,937
9, 029
B! 992
8 520
8, 828
Production workers on mfg. payrolls, unadjusted:!
12,562 12.044 12,414 12, 303 12,118
Total unadjusted!
*
thous
12, 257 12, 197
Seasonally adjusted.
do
7,021
6, 613
6, 844
6,764
6. 883
Durable goods industries, unadjusted. _do
6,797
6, 760
6, 766
Seasonally adjusted
do
89
94
98
98
97
Ordnance and accessories
do
570
535
542
526
507
Lumber and wood products
do
319
304
314
316
308
Furniture and fixtures
do
483
455
449
463
432
Stone, clay, and glass products
do
992
914
953
969
960
Primary metal industries
do
471
428
450
446
460
Blast furnaces, steel and rolling mills.do
869
820
851
840
Fabricated metal products
do
856
1,030
964
977
982
Machinery
do
960
987
963
1,013
1,012
1,008
Electrical equipment and supplies. _ _ d o
1.133
1,035
1,123
1,124
Transportation equipment 9
do
1, 111
566
492
564
565
555
Motor vehicles and equipment
do
392
379
390
393
395
Aircraft and parts
do
232
222
225
229
227
Instruments and related products
do
316
306
Miscellaneous mfg. industries
do
307
288
330
5,541
5, 431
5, 531
5, 459
Nondurable goods industries, unadj
do
5,354
Seasonally adjusted
do
5, 459
5, 460
5,437
1,211
1,191
1 , 220
1, 159
Food and kindred products
do
1, 109
79
82
81
Tobacco manufactures. _
do
79
827
793
805
Textile mill products
do
801
792
1,094
1,092
1,084
1,087
1, 062
Apparel and'related products
do
474
470
Paper and allied products
do
478
477
470
592
596
604
Printing, publishing, and allied ind__do
602
592
511
510
506
Chemicals: and allied products
do
511
509
138
131
124
Petroleum refining and related ind clo
126
127
113
Petroleum refining.
_ _ _do ___
107
102
101
105
289
280
296
Rubber and misc. plastic products do
296
294
323
319
320
322
Leather and leather products
do
319
T
p
l
Revised.
Preliminary.
Total and components are based on unadjusted data,
f Revised series. Beginning with the Nov. 196! SURVEY, data for employment, h ours,
earnings, and labor turnover have been adjusted to the Mar. 1959 benchmark and have
been converted to the 1957 SfC. Effective Jan. 1959 the data include Alaska and Ha waii.
653
2, 694
3,914
11,447
2, 774
7, 675
9,044
654
2,648
3. 927
11,460
2. 776
7,681
9, 073
656
2, 734
3, 935
11,546
2.778
7, 675
9, 088
659
2,716
3, 936
11, 596
2, 786
7, 692
9, 127
652
2,671
3.934
11,621
2, 788
7.749
9,197
648
2,738
3.913
11, 652
2, 792
7, 783
9. 183
646
2,731
3, 932
11, 627
2, 796
7, 805
9, 204
Contract construction
Transportation and public utilities 9
Railroad transportation
_ _
Local and interurban passenger transit
r
Moto freight trans, and storage
Air transportation
_
Telephone communication _
Electric gas and sanitary services
Wholesale and retail trade
Wholesale trade - .
Rctail trade
Finance insurance and real estate
Services and miscellaneous
Fabricated metal products
Machinery _ _ _ _ _
__ .
Electrical equipment and supplies
do
do _
___do._
do
do
do_
do
do
do
do
_do__ _
do
Transportation equipment
do
Instruments and related products _ _do
Miscellaneous manufacturing ind
do
Nondurable goods industries
do
Food and kindred products
_do
Tobacco manufactures
do
Textile mill products
_do __
Apnarel and related products
do
Paper and allied products
_do
Printing, publishing, and allied i n d _ _ d o
Chemicals and allied products
do
Petroleum refining and related ind do
Rubber and misc. plastic products... do
Leather and leather products
do
Mining
_
Contract construction
Transportation and public utilities
Wholesale and retail trade
_ _
Finance, insurance, and real estate
Services and miscellaneous
i97
373
360
r 645
r
79
144
303
' 640
79
143
302
629
* 2. 936 ' 2, 803 2, 537
' 3. 959 ' 3, 936
3, 936
792
783
' 267
267
T
948
-211
' 688
605
r
938
210
688
604
11,682 ' 11,833 12 i<)6
3, 1 13 2, 1 1 5 3. 125
8. 56!)
8,718
9.28!
2 807
2. 806
2, 803
7. x()!>
7. 870
7, 83 1
9, 406
9.. 472
9, 623
1,674
r
359
'392
' 7, 269
' 1. 756
' 8,8
' 868
r 1, 242 ' 1 , 229
601
' 603
'937
937
'854
'855
191
' 189
390
'389
r
360
'358
7, 245
1,764
81
867
1.224
600
921
851
190
38!)
358
641
626
'638
'638
2, 715 '2.716 ' 2, 698 2, 659
3. 928 ' 3, 935 ' 3, 920 3, 920
11,612 ' 11,594 ' 11,592 11,577
2.799 r 2, 813 ' 2, 820 2,817
7, 809 ' 7, 831 ' 7. 847 7, 880
9, 274 ' 9, 339 ' 9, 386 9, 431
12,187 19 940 1° 338 12, 372 12, 516 12,403 12, 544 12,751 ' 12,661 ' 12,500 12, 370
12,300 12,387 12, 541 12, 566 12, 581 12, 551 12, 432 12,446 12, 416 ' 12,306 12, 324
6,820
6, 857
6, 931
6,975
6, 862
7,025
7, 034 'r 7, 027 r' 6, 987 6. 953
6, 925
6,846
6, 903
7. 000
7, 037
7,035
6, 953
6,925
7,024
6, 933
6, 807
(5, 905
96
96
98
98
101
102
97
99
'102
103
101
513
509
527
546
576
571
568
567
536
'558
' 545
311
310
314
313
317
323
323
313
'324
' 320
318
432
435
467
454
481
476
476
479
474
' 465
444
984
991
964
906
936
991
903
911
' 896
898
902
474
470
446
473
420
398
399
399
387
391
837
843
861
851
868
851
852
872
871
' 863
862
997
1,014
1,026
1,025
1,034
1,020
1, 021
1, 015
1,018 ' 1,015
1.018
1,013
1,014
1, 025
1.019
1,039
1, 041
1, 031
1, 059 '1,062 ' 1,058
1
,
057
1, 119
1,133
1,118
1,137
1,118
1, 003
1. 133 ' 1, 150 r 1, 159
1, 121
1, 165
553
551
573
557
580
441
561
566
590
'581
395
393
382
380
388
378
384
389
' 391
397
225
227
227
226
228
230
229
226
230
'231
230~
295
299
315
308
322
316
331
338
342
'334
318
5,367
5, 383
5, 407
5, 397
5,491
5, 682
5, 478
5,717 ' 5, 634 ' 5, 513 5.417
5, 454
5, 484
5 597
5, 541
5, 529
5. 546
5, 507
5, 493 ' 5, 483 ' 5, 439 5,419
1,088
1,086
1,121
1,111
1, 176
1,224
1,330 '1,266 ' 1, 182 1, 139
1, 304
r
75
69
64
66
90
65
105
65
'82
99
73
r
T
793
794
796
797
803
786
798
796
792
787
780
1,093
1, 080
1, 096
1,106
1,093
1,071
1, 129
1, 125 '1,118 ' 1.112
1,093
r
468
471
475
475
483
484
476
485
484
476
'481
593
596
596
595
597
596
592
606
603
' 004
595
512
518
527
525
520
521
523
523
' 52!)
' 518
127
127
129
128
128
130
130
122
' 121
' 120
120
105
105
104
105
104
103
104
97
96
9(5
295
295
298
294
304
296
303
308
311
' 30S
307
322
322
313
318
321
327
316
319
' 317
'319
319
The r 1.vision afleets all series; i)reviousl y publis ed estinlates arc not din •t'tly con iparable
with t ne revise d data. Unpubl shed re\ is ions (p rior to S< >pt. 1960) on new basis are in BLS
Bullet in No. itJ12, avail able in n mny putrtic librai ies.
9 Includes data for industr ies not s hown se parately
January 1963
SURVEY OF CUKBENT BUSINESS
S-14
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1960 | 1961
Monthly
average
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
Oct.
Nov.
2 306
231
2 304
231
2 319
232
712
P 79 9
702
v 80 2
1?3 9
115.7
90.2
r 115.0
Dec.p
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Miscellaneous employment data:
Federal civilian employees (executive branch):
United States
thous
Wash D C , metropolitan area
do
Railroad
employees (class I railroads):
Tota1
do _Index seasonally adju^tedcf
1957-59~100
2,243
215
2,251
220
805
288 6
2
•) 9(52 i 2, 481
221
1227
2, 252
222
2, 260
223
2, 265
223
2,277
224
2,284
225
2 324
235
2 339
237
2,336
236
740
739
81 5
737
84.0
721
78.0
720
78 8
723
79 6
726
80 0
735
80 3
738
79 9
731
79 3
730
84.5
704
79 8
78 2
ion. 96
106 4
105. 2
89 9
110 1
112.3
92. 3
95. 9
112.3
90. 5
81 3
108. 5
87.8
8° 4
109. 5
88.4
87. 6
110.9
88.7
101 r>112.6
89. 7
111 6
113.2
90.3
114 0
115. 1
92.0
124 8
113. 2
880 8
128 5
113.6
92.2
127 0
117.4
92.0
39.7
39. 8
39.7
39. 8
^ 6
40.3
40. 3
2.6
40 0
400 3
5
40.4
40 8
9 7
41.1
41 3
2. 7
40. 5
40 6
2 8
41.1
41.1
2.8
40.7
40 5
9 q
41. 2
41.0
3.0
40 5
40 r>
40.4
•10 °
40.7
2.4
40. 2
40. 6
40 4
2 9
41. 3
41.2
3 0
10. 3
9 4
40. ]
40. 6
40. 6
'* 9
41.1
41 . 2
•'> 9
40. 3
40 1
0 ^
8
9 £
40. 8
41 0
40 9
JO 9
2.8
30
41 . 2
41 0
3. 1
41 . 7
38 9
41 7
40. 1
40. 8
39. 8
41.0
37. 3
39. 0
38. 9
40.8
40. 7
41.3
41. 7
10.6
40. 9
40 9
10. -1
41. i
40. 4
40. 4
41. 5
39. 9
38. 3
41.3
40 4
41. 0
41. 5
40. !
38. 0
40
-i!)
10
41
?.q
40.9
40 9
41.3
11.8
39. 4
37.8
41.2
40
8
i
1 .0
41. 6
-1'0 0
38 0
r
41. 4
41 2
r
39 5
" 40 0
r
10. 9
f -\ 1 ."
' 4 ' . ,") rr 11. 1
10, 0
41.1
41 . 3
40 <»
41 7
40 3
41.3
41 t)
10 •">
41. "•
41 6
r
INDEXES OF WEEKLY PAYROLLS!
Construction (construction workers) f 1957-59 — 100
Manufacturing (production workers)!
do
Mining (production workers) t
do
106 9
95
112 0
r
88.3
114.8
HOURS AND EARNINGS t
Average weekly gross hours per worker on payrolls
of n o n a g r i e u l t u r a l c?tab., unadjusted :f
All manufacturing
estab,, u n a d j f
hours
Seasonally a djusted
do
Aver"i T o overtime
do
Durable sroods industries
_ do
Reasorallv adiusted
do
Average overtime
do
!
0
40:0
40 9
2. 5
40. f;
n
6
40 8
41.0
4
2.3
Ordnance and accessories
_
do
"Lumber and wood products
do
Furniture and
fixtures
do
Stone, clav, and rlass nroducts
___do
Primarv metal industries
do
Blast furnaces, stool and rolling mills. do
40.7
39 0
40. 0
40. f.
39. 0
38. 0
40. 8
39. f)
39.9
40. 7
30. 5
;-is. 7
41.6
39.
4
41 3
41 . 0
40. 2
39. 1
Fabricated metal products
Machinerv
Electrical equipment - r nd supplies
_.do _
do
do
40. 5
41.0
39 8
40. 5
40. 9
40. 2
41 . 3
41.2
40 8
41.4
43.9
41. 1
40. 3
41.3
40. 3
40 3
11.9
40 5
Transportation equipment 9
Motor vehicles and eQuiprnent
' \ i r c r a f t a n d parts
Instruments and related products
MisceUancous mfg industries
do
do
dr
dc
d{
40. 7
41.0
42. 7
41.1
41 8
4 1. 3
40 4
43. 0
44. 5
42 3
41.3
40 0
41.2
41.7
41.7
40. 8
39 1
1! .0
41 0
ii 8
40. 5
39 1
41.5
41. (i
11 'M
10. 5
-30 1
J
40.4
39 3
40. 5
40. 1
41.4
40. 7
39. 5
39.2
39. 3
39. 8
39 ~
39. 0
39 2
40. 9
38. 2
39 5
35.5
42 2
39.9
39 7
'> 8
41.0
38. 3
41 4
36. 3f)
43
39.2
9 5
40. 9
39. 0
39. 9
35. 4
42.5
35. 9
43 0
34.5
49 i
38.5
41.3
41.1
40.8
39.9
36.9
38.2
41.4
41.2
40.9
40.3
37.4
38. 3
41.8
41.6
41.4
41.2
38.0
38.7
41.6
40. 8
40. 8
41.8
38.7
40.4
41.8
35.5
42.0
40.6
41.4
35. 8
41.8
41.0
41.3
37.6
41.7
36.7
35.4
40.7
35.9
36.9
35.8
40. 3
36.2
43.1
41.5
39.6
41. 0
39.0
40.5
38.5
40 2
39. 8
40 8
4«). 6
11 r«
41. 6
38. 9
40. n
41.0
10. (>
7
i
3
*',
4
-)
40 r>
40.4
-M) 4
9 0
T
41. 0
JO 7
2 9
40. 9
' 4r 1 . 0
3. 0
39. r,
40. 5
40 3
3 0
11.1
11 0
3.2
41.7
39 4
41 3
39. 9
40 1
37.8
4! I
40 7
<• 41. 1
r
11 3
!() 5
41.0
41 7
40 8
4° (',
13 .".
" 4-T 0
41 3
43.4
ll 3
la 6
40 7
4l\ 1
40 9
il.8
4'; 4
I 8
-1 1 . 0
4:> 0
42 2
13. 1
41 6
40. 9
39 9
41. 9
42. 5
41 f)
41.2
39 0
41 0
-4° 7
41 4
40. N
39 ?•
4] i
-:0 9
H 5
-il.O
40 o
.)9. 6
.{() •>
'> fi
40 5
38 0
40 7
36. 5
49 3
39.
8
J
01
2 8
41. 1
40.1
40 0
40. 0
402
39. 5
',}'* 9
2 6
40. 2
37 7
40 8
3(i. 6
42 5
40 9
36. 5
49 4
41 "2
38. 4
41 1
36. 8
42 9
•> 8
42 i
37.
2
4ri 6
3d 6
49 ^
3'j. 9
3'» 4
•> 7
41 2
37.8
-10 6
37.0
4° 9
40.0
39 7
2 9
41 8
41.6
10 l>
36. 5
43 0
37.9
41.5
41.7
42.1
40. 7
38.7
38. 1
41.4
40. 6
40. 7
40.2
38.0
38.5
41.4
40.7
40.5
40. 6
38.0
38.4
41. 7
41.3
41.0
41.0
37.1
38. 4
41.8
41.6
41.2
41.3
37.2
38.3
41.8
42. 0
41.4
42. 0
38.3
38.2
41 5
42. 3
41. 6
40. 9
38.5
38.4
41.4
41.7
40.8
40.9
38. 1
38.6
41.5
42.7
42.0
41.2
37.2
40.7
42.1
37.7
41.7
39.9
41.3
37.5
41.0
40.7
41.7
41 0
41.7
37.1
42.0
40.9
42.0
35.0
41.9
41.3
42.0
37.2
41.6
41.3
40 9
41.9
40. 9
41.8
37.6
41.9
42 3
41.6
40.7
36.5
42.3
41 5
41.3
36.3
42.2
r 41
40
r
36
r
42
4
9
9
0
41 0
41.3
36.2
42.1
36. 5
35.5
39. 0
36.0
34.9
33.8
36.5
34.9
33.4
32.1
34.0
34.0
35.1
34.4
38.3
34.4
36. 1
35.0
39.3
35.5
36.7
35. 7
39.3
36.2
38.1
36.7
42.2
37.2
37.6
36.1
41.4
36.7
38 4
36.8
42.7
37.4
38.8
37.0
43.5
37.5
38 5
36.7
42.7
37.6
r
2 i
6
4
3
36 3
35.3
39.4
35.6
42.9
41.6
39.4
40.9
38.8
40.5
38.1
43.3
41.9
39.7
41.3
38.4
40.6
37.5
43.0
42.0
39.5
41.0
39.0
40.8
38.3
42.6
40.9
39.3
41.2
38.5
40.4
37.7
42.4
41.0
39.4
40.8
38.5
40.3
37.7
42.8
41.0
39.3
40.9
38.6
40.5
37.8
42.6
41.2
39.2
40.8
38.5
40.6
37.6
42.8
41.4
39.4
40.8
38.6
40.6
37.7
43.0
41.9
39.7
40.8
38.9
40.7
38.2
42.4
41 9
40.3
41. 1
39.2
40.8
38.5
42.8
42 1
40.2
41.0
39.2
40.7
38.6
42.1
42 1
40.6
41.3
38.8
40.7
38.0
39.9
38.8
39.6
38.8
39.0
38.8
39.0
38.7
38.9
37.9
39.0
38.0
39.1
38.6
38.9
39.4
39.3
39.9
39.7
39.5
39.6
39.3
39.9
39.1
38.7
39.1
Average weekly gross earnings per worker on payrolls of non agricultural establishments:!
All manufacturing establishments!
dollars__ 89.72
97.44
Durable eoods industries
do
108. 67
Ordnance and accessories
do
73.71
Lumber and wood products
do
92. 34
100. 10
113.42
77.03
95. 82
104.39
116.90
78.41
96. 63
105. 32
117.18
76. 63
94.88
103. 17
115.21
73.48
95.20
103. 53
116.47
76.24
95. 91
104. 45
117.31
75.08
96. 56
105. 22
118.43
77.82
96.80
105. 22
117.16
79.59
97.27
105. 47
116.88
80.40
98.80
104. 45
115.18
80 40
95.75
103. 89
115. 34
81 80
97.68
105 88
117.01
82 01
96.72 ! 97. 36
105 37 r!05 93
117.01 r r118. 40
T 79 go
78 61
98.01
106 86
119. 68
78 41
Nondurable goods industries, unadj
Seasonally adjusted
Average overtime
Food and kindred products
Tobacco manufactures
_ _
do__._
d-'
do
do
do
Apparel and related products
Paper and allied products
do
do
Printing, publishing, and allied ind _ _ _ d o
Chemicals and allied products
do__
Petroleum refining and related ind
do
Petroleum renriinp"
do
Rubber and misc. plastic products
do
Leather and leather products
do
Nonmanufacturing
establishments :f
Minin (r 9
Metal mining
Coal mining
Crude petroleum and natural gas
Contract construction
General building contractors
Heavy construction ._
Special trade contractors
do
do
_ do
do
do
do __
_do __
do
Transportation and public utilities:
Local and suburban transportation
Motor f reighttraiisportation and storage
Telephone communication
Electric, gas, and sanitary services
Wholesale and retail trade
Wholesale trade
Retail trade§
do
do
do
do
do_ __
do
do __
Services and miscellaneous:
Hotels, tourist courts, and motels
do
Laundries, cleaning and dyeing plants.do
4() Q
9
•")
40. 9
40. 1
41 \
40. 2
36. 6
40 1
o ^
40 0
37. 4
40 5
37.6
t2. 1
:-N 4
41 0
43 1
41 8
40. 9
40 1
r
!•> \\
10.',)
3 I 9
T '{((
'• 11.2
11.5
39 3
39. 6
,')') \
%>
8
11 1
39.8
39 7
9 7
41 2
40.3
40 f>
36.
0
49 7
'-J
r i l l )
r
r
- 38. 1
40 1
r {() (',
r
35. 9
36. 2
49 5
38.2
41.4
r 41. 6
41.4
Ml.
1
T
30. 9
38 1
41 4
Ml'
7
r
40 9
40.9
r
36 2
T
38
•r 36
42
37
T
42 0
r 41 5
r
40
Ml
38
40
37
r
5
1
5
6
6
38. 8
39.1
i
|
38.6
41.5
41. 1
41.3
38. 1
42 2
41 2
41.2
41. 1
38.4
40.6
37. 5
38.7
38.7
Furniture and
fixtures
Stone, clay, and glass products
Primary metal industries
do
do
do
75.20
92.97
109. 59
76.21
95. 24
114.95
80. 12
97.17
119.39
81.32
95.04
121.58
75.66
92.97
122. 81
77.59
94.33
122. 81
78.76
95.68
123. 41
78.76
98.16
123. 11
78. 38
99.60
118. 50
79.95
100. 43
119. 10
78.18
100. 67
116. 62
80. 54
101. 57
116.23
81.54 r 81. 34 ' » 79. 76
101. 50 100. 85 r 100. 28
118. 80 '116.92 r 117. 61
80.95
96.96
119.10
Fabricated metal products
Machinery
_
Electrical equipment and supplies
do
do
do
98.82
104. 55
90.74
100. 85
107. 16
94.47
104.08
109.18
96.70
105. 16
111.87
97.82
102. 36
110. 27
95.91
102. 72
111.49
95.91
103. 48
112.71
96.39
104.39
113.67
97.44
105. 73
114.09
97.68
106. 75
114. 09
98.16
104. 30
112 59
96.72
105. 32
112 32
97.20
106. 66 r 105. 73 rr 105. 22
112 74 112 61 l!2 75
99.22
98.42
98 49
105. 37
113 84
99 14
111.52 113.81 123. 83 125. 13 118. 66
Transportation equipment 9
do
97.27
93.73
99.53
99.95
Instruments and related products.
do
99.14
75.84
74.28
Miscellaneous mfg. industries
do
77.57
78.40
77.03
f Revised.
v Preliminary.
i Includes Post Office employees hired for the Christmas
season; there were about 225,000
2
such employees in the United States in Dec. 1961.
Based on unadjusted data.
cTEffective with Mar. 1962 SURVEY, index is shown on new base period.
117.26
98.82
77.42
118. 69
98.42
79.00
119 97
100. 04
78.80
121.96
99.80
78.60
121 09
100. 94
78.60
121 93
99 55
77.03
119 19
100 04
77.42
124 49
100 61
78. 60
r
!26
T
10 r!28 57
100 61 r!01 76
78.60 r 78. 21
130 63
102 92
78.21
fSee corresponding note, bottom p. S-13.
9 Includes data for industries not shown
separately.
§Except eating and drinking places.
SURVEY OF CUEKENT BUSINESS
January 1963
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
Monthly
average
!
1961
Nov.
S-15
Dee.
1962
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.p
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average weekly gross earnings per worker on payrolls of n onagri cultural estab.f— Continued
All manufacturing estab.f— Continued
Nondurable Foods industries
dollars..
Food and kindred products
do
Tobacco manufnctures
do
Tex til° mill products
do
Apparel and related products
do
80. 36
86.30
64. 94
63. 60
56. 45
82.92
89.16
69.03
65.04
57.70
85.39
89.79
69.32
68.31
60.62
85.57
90.80
72.98
67.82
59.95
84.24
90.45
66.25
66.17
57.62
84.28
90.00
68.82
66. 83
59.95
85.32
90. 45
72.01
68.54
61. 49
85.54
91.13
74.10
68.38
60.96
86.37
92.48
75.65
69.12
60.59
87.02
92.70
76.03
69.46
61.09
86.80
93.66
73.28
68. 21
60.76
86.18
91.46
68.04
68.21
62.16
86.80 ' 85. 72 86.72
92.80 ' 91. 21 ' 93. 30
70.72 ' 68. 17 ' 72. 58
68.45 ' 68. 61
67.54
59. 95 ' 60. 45
61.32
87.16
94.35
78.99
68 61
60. 48
do
do
do
do
do
do
95. 37
102. 80
103. 25
118.78
- 92.97
60. 52
99. 45
105.05
106. 81
124. 42
96.72
62.83
102.38
1 06. 09
109. 52
126.46
100.12
64.98
101. 91
107. 97
108. 99
123. 62
102. 83
66.18
100. 20
105. 36
109. 56
128. 44
99. 31
66.18
100. 01
106. 68
108. 47
123. 02
97. 28
64.98
101. 15
107. 42
108.05
123. 32
98. 25
65. 36
101.10
107. 90
108. 84
125 55
99. 63
63.81
101.34
107. 90
109. 52
126. 05
101.19
63. 98
102.96
107. 62
111.19
127. 68
104. 58
65.88
103.58
107. 34
110.81
1 29. 44
101. 84
65.84
103. 82
108.29
110.12
126. 35
101. 02
65. 53
104. 49 103. 28 103. 28
109. 62 '107.82 ' 108. 49
110.81 '110.95 '111.37
131. 09 ' 127. 19 'r 127. 71
101.76 101. 02 101. 93
64.36 ' 62. 63 ' 63. 84
103. 76
1 10. 01
111 22
121 94
102. 84
65. 53
Nonmariufacturing establishments:!
Min'n°'9
do
Metal mining
do
Coal mininc
- - - do
Crude petnVeuni and natural gas
do
105 44
111. 19
110.76
1 03. 32
107. 18
113.44
111.34
105. 75
109 88
115.64
116.94
106.75
109. 89
118.30
117.62
107. 17
108 93
116.88
117.38
106 60
110 30
117. 59
116. 94
108 52
1 10. 84
118. 29
117.69
108. 52
110 70
318.01
116 12
109 °()
109 61
119. 28
mi5
10S 52
111. 10
118. 86
115. 69
107. 74
11002
116.88
102.30
110 83
111 90
116 00
113. 15
109. 56
112 88
118.12
113. 62
110 99
"111.78
'116.16
'•114.39
' 109. 20
110. 70
117. 29
111.50
109. 04
r:>o 01
112 10
116 33
T'6 34
123. 44
114. 14
124 07
i 29. 46
121. 45
111.91
122. 13
127. 72
1?5. 57
1 15. 92
127 67
131. 65
127 26
116.92
130 50
132. 38
128 21 ' 126. 82
117.81 '117.12
129 38 r 127. 20
134. 23 133. 16
120.88
113.67
117 02
127. 45
Paper and allied products
Printinsr, publishing, and allied ind
Chemicals and allied products
Petroleum refnins and related ind
Rubber and misc. plastic products
Leather and leather products
Centrist construction
General buildin^ contractors
TTeo w construction
Special trade contractors
do
do
do
do
112.67
103. 72
114.77
us. 11
117.71
108.83
118.48
123. 08
118.26
110.05
117 00
124.20
114. 82
106. 13
111.33
121.80
111 22
102. 08
104 72
119.34
113.37
106. 30
109 16
1 19. 37
118. 05
109. 55
114.30
123. 90
Transportation and public utilities:
Local and suburban transportation
Motor freight transportation and storage
Telephone communication
Electric, gas, and sanitary services
do
do
do
do
94 82
104.17
89. 50
108. (>5
98. 24
108. 16
93. 38
112.48
100.02
111.04
96. 47
115.64
99. 33
111.72
96.38
114.80
100. 11
108. 79
95. 89
115.77
99. 22
109. 47
90. 14
114.65
99. 30
110.70
<»5. S9
115. 34
100.11
112 06
95. 65
115. 46
100. 58
1 1 2. 61
96.14
115.46
101. 48
114.39
97. 66
115.87
100.49
114.81
99. 5-i
117. 14
101.01
115.35
99. 29
116.85
100. 20
115.78
102. 31
118. 91
' 100. 38
'113.30
' 102. 06
'118.78
100.86
113.30
103.00
1 18. 78
Wholesale and retail trade
Wholesale trade
Bet'iil trade?
do
do
do
70. 98
91.13
62. 37
72. 94
93. 56
64. 01
73. 34
95. 00
64 13
73. 32
95. 47
64. 73
73. 92
94. 13
64 84
73. 92
94. !)30
05 2
74. 50
95. 18
65 39
74.31
95. 82
65 4'?
74. 88
96. 22
65 98
75.86
96. 87
66. 85
76. 44
97. 10
07 08
76. 44
96.87
67 55
76. 05
98. 09
66 88
75. 46
97. 03
00 55
75. 20
97. 14
06 38
67 15
87.41
69. 19
89. 83
70 31
90 58
70 87
91. 72
7] 24
f}9 19
71 23
99 GO
71 (Y>
99. 02
03 9Q
71 6°
71 42
93 25
71. 80
93.21
72 56
94 89
71 80
94 35
f
71
)7
(1
3 76
' 94. 07
91. 00
43. 89
48.11
45. 54
49. 28
46. 41
49. 66
46. 80
49. 54
46. 29
48 80
46. 41
48. 64
46. 53
49. 41
46 29
50. 83
51.87
47. 64
51. 35
45. 94
50,70
45. 89
SO. S3
46. 05 ' 47. 72 47. 60
50. 83
50. 70
50. 83
2.26
2. 20
2.43
2. 36
2. 32
2.25
2.49
2.42
2.36
2, 28
2. 54
'> 45
2.38
2. 30
2. 55
2.46
2. 39
2.31
2. 56
2 48
2. 38
2. 31
2*' 47
2. 38
2. 31
2. 56
2. 48
2, 39
2.31
'2.
56
0
48
2. 39
2.31
2.56
2 47
2. 39
2.31
2.56
2.47
2.39
2.31
2. 56
9 47
2.37
2 29
2. 54
2 46
2.40
2.31
2 57
2 48
2. 40
2.32
2 57
r
2~48
2.41
2. 33
' 2. 59
' 2. 50
'1. 42
2. 34
2. 60
2. 50
Ordnance and accessories
do
Lumber and wood products
do
Furniture and futures
do_ _
Stone, clay, and glass products
do
Primary metal industries
do
Blast furnaces, steel and rolling mills.do
2.67
1.89
1.88
2.29
2.81
3.08
2.78
1.95
1.91
2.34
2.91
3.20
2.81
1.99
1.94
2. 37
2 97
3.28
2.81
.1.97
1. 95
5! 98
3.29
2 81
1.97
1.94
2.39
3.01
3.32
2 82
1. 94
1.93
2.37
3.01
3.33
2.82
1.93
1.94
2.38
3. 01
3.33
'> 84
1.97
1.94
2. 40
3 01
3.32
2. 83
1.97
1.94
2. 40
2.97
3.27
2.83
1.99
1.95
2.42
2. 97
3.28
'> 83
1. 99
1.94
2.42
2.96
3.28
2 8'?
2.00
1.95
2.43
2. 95
3.26
2 84
2.01
1.96
2.44
2 97
3.28
2. 81
1. 99
1.96
2.43
2. 96
' 3.27
' 2. 86
' 1 . 99
' 1. 95
'• 2. 44
2.97
3.28
2. 87
1.99
1. 96
2.43
2. 97
Fabricated metal products
do
Machinery
do
Electrical equipment and supplies
do
Transportation equipment 9
- - do
Motor vehicles and equipment .._ __do. __
Aircraft and parts
_ _ _ do
Instruments and related products
do
Miscellaneous mfg industries
do
2.44
2.55
2.28
2.74
2.81
2.70
2.32
1.89
2.49
2.62
2.35
2.81
2.87
2.78
2.39
1.92
2 5'?
2. 65
2.37
2.90
2.98
2.83
2.41
1.92
2. 54
2. 67
2.38
2.91
3.00
2.84
2.42
1.96
2. 54
2 67
2.38
2.88
2.94
2.84
2.43
1.97
2. 53
2. 08
2.38
2.86
2.91
2.83
2.44
1.98
2. 53
2.69
2.38
2.86
2.91
2.83
2.43
1.97
2 54
2. 70
2.40
2.87
2.94
2.84
2.44
1 97
2. 56
2.71
2.40
2.89
2.97
2.84
2.44
1.97
2.56
2.71
2.40
2.89
2.95
2.85
2.45
1.97
2. 55
2.70
2.40
2.91
2.98
2.86
2.44
1.96
2 55
2.70
2.40
2.90
2.97
2.87
2.44
1.95
2 57
2.71
2.42
2. 95
3.04
2.88
2.46
1.96
' 2. 56
2.72
' 2.73
2.42
2.43
' 2. 96 '2.99
' 3. 04 3.10
'2.91.
2.91
'2.46
'2.47
1 97
1.98
2.57
2.73
2.43
3.01
2.05
1.99
2.11
1.70
1.61
1.59
2.26
2.11
2.05
2.18
1.77
1.63
1.63
2.34
2.14
2.06
2.19
1.81
1.65
1.67
2.37
2.15
2.08
2.22
1.82
1.65
1.67
2.37
2.16
2.09
2.25
1.81
1.65
1.67
2.38
2.15
2.08
2.25
1.84
1.65
1.67
2.37
2. 16
2. 09
2.25
1.91
1.68
1.68
2.38
2.16
2.09
2.25
1.95
1.68
1 67
2.39
2.17
2.09
2.25
1.97
1.69
1.66
2.39
2.17
2.10
2.25
1.98
1.69
1.66
2.40
2.17
2.10
2.23
1.97
1.68
1 66
2.42
2.16
2.09
2.22
1.80
1.68
1 68
2.42
2.17
2.10
2.22
1.70
1.68
1 68
2.43
'2.17
2.19
2.10
2.11
' 2. 23 ' 2. 27
' 1.70 r 1.89
1.69
1.69
1 67
1 67
2.43
2.43
2. 19
2 12
2.29
1 96
1. 69
1 68
2.43
2.67
2.50
2.89
3.02
2.33
1.64
2.75
2.58
3.02
3.16
2.40
1.68
2.77
2.62
3.04
3.19
2.43
1.71
2.79
2.62
3.03
3.17
2.46
1.71
2.78
2.64
3.08
3.21
2.44
1.71
2.80
2.62
3.03
3.16
2.42
1. 71
2.79
2.61
3.03
3.15
2.42
1.72
2 81
2.61
3.04
3 17
2.43
1 72
2.81
2.62
3.03
3.17
2.45
1.72
2.81
2.66
3.04
3.18
2.49
1.72
2.81
2.67
3.06
3.21
2.49
1.71
2.82
2.66
3.03
3 17
2.47
1.72
2 84
2.67
3.07
3 22
2.47
1 73
' 2 83 r 2 84
2.68
'2.69
3.05 '3.07
3 20
3 21
2.47
'2.48
1 73
1 73
2 85
2. 68
3.04
Nonmanufacturing establishments:!
M4n'ng9
do
Metal mining
do
Coal mining
do
Crude petroleum and natural gas
__do
Contract construction
_ _ _ do
General building contractors
do
Heavy construction
do
Special trade contractors _
do
2 61
2.66
3.12
2.46
3.07
2.93
2.82
3.29
2.64
2.74
3.11
2.53
3.19
3.04
2.94
3.40
2.68
2.80
3.11
2.56
3.24
3.10
3.00
3.45
2.70
2.81
3.12
2.57
3.29
3.14
3. 05
3.49
2 73
2.83
3.13
2.60
3.33
3.18
3.08
3.51
2 71
2.82
3. 11
2.59
3.23
3.09
2.85
3.47
2.71
2.83
3. 13
2.59
3.27
3.13
2.91
3.49
2 70
2 83
3 13
2.60
3 27
3.14
2 96
3 49
2 68
2.84
3.09
2.59
3.24
3.11
2.94
3.48
2.69
2.83
3.11
2.59
3.23
3.10
2.95
3.48
2 69
2.83
2.62
3 27
3. 15
2 99
3 52
2 69
2 85
3 10
2.59
3 28
3 16
3 00
3 63
2 72
2 86
3 13
2 63
3 33
3 21
3 03
3 57
2 70
' 2.84
3. 10
2.60
3.32
3.20
'3 00
3.57
3 33
3. 22
2 97
3 58
Transportation and public utilities:
Local and suburban transportation
do
Motor freight transportation and storage. do
Telephone communication
do
Electric, gas and sanitary services
do
2.20
2.51
2.26
2.65
2.29
2.60
2.37
2.75
2.31
2.65
2.43
2.80
2.31
2.66
2.44
2.80
2.35
2.66
2.44
2.81
2.34
2.67
2.44
2.81
2.32
2.70
2.44
2.82
2. 35
2. 72
2.44
2.83
2.35
2.72
2.44
2.83
2.36
2.73
2.46
2.84
2 37
2.74
2.47
2.85
2 36
2.74
2.47
2.85
2 38
2. 75
2.52
2.88
2.39
2.73
' 2. 52
2.89
2 39
2.75
2.50
2.89
1.82
2.25
1.62
1.88
2.31
1.68
1.91
2 34
1 71
1.88
2 34
1.69
1.92
2 33
1.72
1.92
2 34
1 73
1.93
2 35
1.73
1 93
2 36
1 74
1 94
2 37
1 75
1.95
2 38
1.75
1 95
2 38
1 75
1 95
2 38
1 75
1 96
2 41
1 76
1 96
2 39
1 77
1 96
2 40
1 77
1.10
1.24
1.15
1.27
1.19
1.28
1.20
1.28
1.19
1.29
Finance, insurance, and real estate:
"Banking
do
Insurance carriers
do
Services
and
miscellaneous:
TTot A l c - tourist courts, and motels _ _ do
Laundries, clean in g and dycin g plants . . do
Average hourly gross earnings per worker on payrolls of nonagricultura'! establishments:!
All manufacturing establishments!
.-dollars-Excluding overtimed 11
do
Durable goods industries
do
Fxcluduig overtimed*
do
Nondurable goods industries
Excluding overtimed 1 Food and kindred products
Tobacco manufactures
Textile mill products
Apparel and related products
Paper and allied products
Printing publishing, and allied ind
Chemicals and allied products
Petroleum refining and related ind
Petroleum refining
Rubber and misc. plastic products
Leather and leather products
-do
do
do
do_ __
do
do
do
_ do _
do
do
do
do
do
Wholesale and retail trade
do. _
Wholesale trade ..
do
Retail trade §
do
Services and miscellaneous:
Hotels, tourist courts, and motels
do
Laundries, cleaning and dyeing plants__do
r
Revised.
*> Preliminary,
f See corresponding note, bottom p. S-13.
SExcept
eating
and drinking places.
9 Includes
data for industries not shown separately,
•d" Derived by assuming that overtime hours are paid
http://fraser.stlouisfed.org/
Federal Reserve Bank of St. Louis
at the rate of time and one-half.
r 2. 56
2.48
1.99
2.49
1 72
2 70
2.84
3 08
2. 59
1.19
1.19
1.20
1.19
1.19
1.16
1.15
1.23
1.19 ' 1.23
1.28
1.28
1.30
1.30
1.30
1.29
1.29
1.30
1.30
1.31
NOTE FOR HELP-WANTED ADVERTISING INDEX, p. S-16. New series;
from National Industrial Conference Board and B. K. Davis & Bro. Advertising Service.
The index is based on the number of help-wanted ads published in one leading newspaper in
each of 33 cities located throughout the country, representing the larger metropolitan areas.
SURVEY OF CURRENT BUSINESS
8-16
1960
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
| 1961
January 190?,
19 61
Monthly
average
Xov.
196 2
Dec.
Jan.
Feb.
I
1
1 Apr. j May
Mar.
1
j June
I
|
July j Aug. | Sept.
Oct.
Nov.
2. 957
4 356
1.06
2. 987
4 417
.95
2 992
4 423
Dec.
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Miscellaneous wages:
Construction wages (ENR):
Common labor
$perhr__
Skilled labor
do
Farm without board or rm , 1st of mo
do
Railroad wages (average, class I)
_ _ _ __do__
Road-building com labor (otrlv )
do
LABOR CONDITIONS
Help-wanted advertising, seas, adj.©..— 1957=100-.
Labor turnover in manufacturing estab.: f
Accession rate, total .mo. rate per 100 emplovees__
Seasonally adjusted*
do
NTcw hires
do _
Separation rate, total
_ do _ _
Seasonally adjusted*
do
Quit
do
Lnvoff
do
Industrial disputes (strikes and lockouts) :
Beginning in month:
Work ^topps^es
number
Workers involved
thous
In effect during month:
Work stonnages
number
"Workers involved
thous
Man-days idle during month
.__ _ _ _do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
No o farm placements
thous
Unemployment; insurance programs:
Insured unemployment, all programs
do
State programs:
Initial claims
do
Insured unemployment, weekly avg___do
Percent of covered employment:^
Unadiusted
Seasonally adjusted
Beneficiaries, weekly average _.
thous
Benefits paid
mil. $
Federal employees, insured unemployment
thous __
2. 699
4. 031
i .97
2. 616
1
2. 09
2.827
4.190
i . 99
2. 675
1
2 14
2.877
4.253
2.877
4. 253
2. 681
2. 700
94.2
85. 9
99.1
3.8
4.1
2.2
4.3
2.2
4.0
1.3
2.4
2.878
4. 257
1.11
2. 678
2 15
2. 889
4. 273
2.897
4 283
2 799
2.678
96.9
102.3
105.9
1.2
2.2
3.3
4.0
1.9
4.0
3.9
1. 1
2.2
2 6
3.8
1.4
4.0
4.1
.9
2.6
4.1
4.4
2.2
3.9
3.9
11
2. 1
278
110
281
121
257
86
14 'J
37
1, 600
1, 3f>0
501
100
1, 500
300
80
855
485
492
2, OG7 2 2, 481
1, 434
1, 906
Veterans' program (IJCX):
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. $
448
511
2
1,816
2
2,174
2. 901
4. 283
1.07
2.688
2 95
2. 933
4.316
2.941
4 321
2. 665
2. 719
106.3
100. I
106.0
98. 5
97.9
97.0
3.5
4. 1
2. 0
3.4
3. 9
1. 1
1. 7
3.7
4.3
3.6
3.89
1
1.6
4.0
4 4
2.4
3.6
3.7
13
1.6
4,3
4 3
9
8
3.8
4.1
15
1.6
5. 0
39
3.4
3.8
4.3
1 5
1.6
4.5
4 1
2 9
4.9
38
31
5.0
4 1
1 A
9 9
5.1
4 0
3 2
5.2
4 8
21
2 3
265
160
225
67
200
98
320
125
440
195
410
155
350
90
33."
120
3.r>0
95
275
110
400
185
1,040
330
100
808
350
136
1,180
460
155
1,240
625
240
2, 650
650
300
2, 880
575
189
2,040
570
186
1, 950
580
170
1, 590
425
465
2
2, 659
9 9
2
2, 579
511
2
2, 374
577
2
1, 968
656
2
1, 686
2
2 981
4 395
2 981
4 408
2 33
4.4
4 0
" 1 13
2 39
r
r
92. 8
96. 8
v QT i)
3.9
4 0
2. 5
4.3
P 9 0
i, 3
P 1
p 3.
p3
3,8
pI I
1. 5
9 4
19
605
580
642
652
1,577
21.666
2 1, 598
21,473
•")
7
9
8
p2 °
P ^15
v 80
v 105
f 50
500
168
P 430
1,440
''1,000
p 905
P 1 50
" 1, 400
643
2
1,524
533
2
1,772
1,510
2, 290
1, 406
1, 662
1,658
2,017
1,974
2,486
1,286
2,415
1 171
2,218
1, 147
1,831
1 133
1,570
1 083
1,469
1 395
1.543
1 197
1, 469
956
1, 331
1, 267
1,385
1 3^3
1,625
33
4.4
1,174
160.6
3.4
1,132
176. 6
40
48
1. 296
193 6
27
29
4.8
5. 6
1,640
227. 2
2,004
285. 2
4.1
5.1
1,331
190.9
5.0
4.8
1, 577
218.5
6.2
4.7
2, 055
314.9
6.0
4. 5
2,127
287.2
5. 5
4.4
2.073
310.2
4.5
3.9
1.688
239. 6
3.9
3.8
1,389
215. 0
3.6
4.0
1.311
188.9
38
4 3
1,264
187.0
36
4.4
1 257
197.4
33
33
29
31
36
36
34
29
26
24
26
26
29
54
52
7.0
28
67
65
9.0
22
47
44
6.1
20
49
46
6.0
24
52
51
7.4
21
49
49
6.1
25
45
45
6.0
22
40
39
5.7
25
40
39
5.4
30
46
40
5.7
39
59
46
6.9
27
52
50
6.5
7.0
26
72
13.1
23
91
16.8
15
77
13.8
13
77
13.4
16
86
16.2
7
80
13.7
26
49
47
6.5
5
74
14.8
A
64
11.8
4
59
9.1
7
44
7.8
65
52
7.3
22
50
10.1
32
65
10.1
16
60
11. 1
61
2,498
5,713
1, 876
3,837
2,392
5, 640
1, 883
3, 757
2, 345
5,917
1,869
4,048
2, 342
5,864
1,878
3, 986
2, 306
6,169
2,002
4,167
2,277
6.575
2,119
4,456
2,281
6, 573
2,228
4, 345
2, 367
6, 970
2,417
4, 553
2,476
7, 070
2, 501
4,569
4.6
31
29
52
47
57
51
7.3
FINANCE
BANKING
Open market paper outstanding, end of mo.:
Bankers' acceptances
- mil. $__
Commercial and finance co. paper, totalj do__ _
Placed through dealers^
do
Placed directly (finance paoer)t - -- -do._ Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm. :
Total end of mo
mil $
Farm mortgage loans:
Federal land banks
do__
Loans to cooperatives
do
Other loans and discounts
do
Bank debits:
Unadiusted:
Total (344 centers)
- - bil. $
New York City
do__ _
6 other leading centers!
__do__
Seasonally adjusted:*
Total (344 centers)
do
New York City
.
do__
6 other leading centers?
do
337 other centers
do
Federal Reserve banks, condition, end of mo.:
Assets total 9
mil $
Reserve bank credit outstanding, total 9 -do
Discounts and advances
do
U.S Government securities do
Gold certificate reserves.
-- - do _
Liabilities, total 9
-
Deposits total 9
Member-bank reserve balances
Federal Reserve notes in circulation
do.—
do
do
do
Ratio of gold certificate reserves to deposit and
FR note liabilities combined
percent..
3 2, 027 3 2, 683
3 4, 497 s3 4, 686
1,711
1, 358
3 3, 139 32,975
3
2, 555
5, 349
1, 808
3, 481
2, 683
4, 686
1,711
2, 975
2, 621
5, 556
1, 762
3,794
3 4, 795
3 5, 277
5,252
5,277
5,320
5,411
5, 502
5,594
5, 678
5,770
5,841
5, 833
5,814
5,762
5,719
3 2, 564
3 649
3
1, 582
3 2, 828
3 697
s 1, 752
2, 812
1,745
2,828
697
1,752
2,848
716
1,757
2,868
730
1,812
2,899
728
1,875
2,922
719
1, 953
2,948
694
2,037
2,968
692
2,109
2,986
704
2,150
3,003
680
2,150
3,021
690
2, 103
3,031
738
1, 993
3, 037
746
1 936
236. 6
91.9
48.1
259. 3
106. 6
51.9
272.6
112.5
54.2
286. 6
120. 3
57 5
294.6
118. 1
61.5
239.5
94.3
49.0
293.2
124.7
59.7
281. 5
117.2
58.0
295.5
122. 1
59.8
291.8
121.9
59.4
279. 7
111.4
57.5
281.1
110.8
57.5
263. 3
109.7
53.4
T
307. 4
127.5
62.8
288 2
116.5
59.4
320 9
141 . 6
63 7
273. 8
115. 2
54.4
104.2
073 114. 0
55.0
104. 8
277. 8
110.3
58. 2
109.3
263. 0
103. 3
54.4
105. 4
283. 5
118.1
57,5
107.9
288.5
118.1
59. 1
111.3
287.1
119.1
57.6
110. 3
282. 4
115.7
57.9
108.8
285.7
114. 4
59.0
112.3
283.9
115.8
57.4
286. 6
120. 9
58. 1
107.6
r
297 9
124. 5
61 0
112.4
296 4
122. 2
61 1
113. 1
306 4
134 2
«0 9
111.4
3
3
695
no. 7
r
r
52, 933
54, 329
52,311
52, 547
51, 932
52, 739
52, 654
53, 396
52, 908
5? 879
53 596
53 912
53 940
56 020
329,359 331,362 30, 656
39
3130
333
327,384 s^28,881 29, 210
16,
615
16, 710
317,479
31, 362
130
28, 881
16,615
29,612
129
28, 532
16,542
29, 928
139
28, 360
16, 530
30, 224
115
29,061
16, 336
30, 641
120
29,182
16 222
30, 705
131
29, 622
16, 158
31,261
76
29, 663
16, 158
31,040
73
29. 786
1 5, 871
31,618
101
30, 358
15, 817
31, 690
48
29, 825
15, 796
31, 625
?19
30 201
15, 69?
32, 448
71
30, 454
15, 706
33, 871
38
30 820
1 5, 696
3
52, 984
3
54, 329
54, 329
52, 933
54, 329
52,311
52, 547
51, 932
52, 739
52, 654
53, 396
52, 908
52, 879
53, 596
53, 912
53, 940
56, 020
18, 330 318.451
3 17, 081 317,387
328,450 329,305
18, 136
17, 200
28, 814
18, 451
17, 387
29, 305
17.749
1 o,872
28, 530
17, 850
16,808
28, 483
17, 952
16,972
28, 474
18,207
17, 035
28, 537
17, 739
16,614
28, 744
18, 445
17.206
29, 021
17, 878
16. 885
29, 197
18 067
17. 110
29, 351
18 268
17, 321
29. 378
17 825
16 821
29, 488
17 741
16 648
30, 092
18 7°2
17 454
30. 643
334.8
35. 6
34.8
35.7
52, 984
3
337.4
Excludes persons under Temporary Extended Compensation program (ended 6/30/62)
2,559
5,520
1,762
3, 758
35.2
34.8
33, 7
34.7
34.0
33. 4
33.2
33. 2
32.8
31.8
*New series. Data prior to 1961 for labor turnover appear in BLS Bulletin No. 1312;
data prior to 1961 for bank debits will be shown later.
d" Insured unemployment as % of average covered employment in a 12-month period.
^Monthly revisions prior to May 1961 (Aug. 1959-July 1960 for placed through dealers)
are available upon request.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
9 Includes data not shown separately.
35.7
January 1963
SURVEY OF CURRENT BUSINESS
1961
1960 1 1961
I
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
S-17
Nov.
End of year
1962
Jan.
Dec.
I
Apr. }
Mar.
Feb
June
May
Aug.
July
Sept.
Oct.
Nov.
Dec.
FINANCE—Continued
1
BANKING— Continued
All member banks of Federal Reserve System,
averages of daily figures:
Excess reserves
mil. $.
Borrowings from Federal Reserve banks. ..do_._
Free reserves
-- do
Weekly reporting member banks of Fed. Res. System,
condition, Wed. nearest end of yr- or mo.:|
Deposits:
Demand adjusted cT
-- mil. $
Demand, total 9
do__.
Individuals partnerships and corp
do
States and political subdivisions
do
U.S. Government
do
Domestic commercial banks
do
Time total 9
_ _
do
Individuals, partnerships, and corp.:
Savings
do.__
Other time
do
Loans (adjusted), totalcf
do
Commercial and industrial
__
do
For purchasing or carrying securities
do
To nonbonk financial institutions
do
Real estate loans
- do
Other loans
do
Investments, total.
_
do
U.S. Government obligations, total
do .
Notes and bonds
do
Other securities
do
1756
'87
669
1568
i 149
i 419
622
105
517
568
149
419
65, 644
97, 958
70.118
5, 002
4, 033
13,415
41, 603
63, 906
91,216
66, 183
4, 894
3, 414
11, 820
41, 188
65, 644
97, 958
70.118
5, 002
4. 033
13,415
41,603
42, 863
43, 906
45, 055
45. 670
46, 484
29, 771
6,190
71. 670
32, 109
4, 004
5, 375
13, 347
19, 706
45, 649
33, 932
26, 888
11,717
30, 225
5, 945
74, 285
32, 797
4. 705
6,159
13, 403
21,194
46, 069
33, 960
26, 609
12,109
30. 640
6, 553
31,073
31,621
7,627
31,757
32. 094
8, 344
74, 647
32, 854
4. 109
5, 636
40, 754
30, 547
24, 944
10.207
30, 225
5,945
74, 285
32, 797
4, 705
6,159
13, 403
21, 194
46, 069
33, 960
26. 609
12, 109
194. 5
114.2
59. 6
20. 7
209. 6
1.21. 1
64.7
23.8
208. 3
119.4
65. 3
23. 6
209. 6
121.1
64.7
23. 8
210. 7
120.8
65.7
24.2
- 5 ]6
4. 97
5 15
5. 45
2
2
2
2
1
93, 215
4,747
3,979
35, 386
71, 009
32,156
3, 945
12, 824
Commercial bank credit (last Wed. of mo., except
for Juno 30 and Dec. 31 call dates) , seas, adjusted:*
Total loans and investments©
bil. $
Loans O
do
U S Government securities.
_ do
Other securities
do
Money and interest rates :§
Bank rates on business loans:
New York City
7 other northern and eastern citie^
11 southern and western cities
2
2
2
do
do
do
Discount rate, end of year or month (N.Y.F.R.
Bank)
_ __
__ -percent
Federal intermediate credit bank loans
do
Federal land bank loansdo__
3
470
91
379
510
69
441
497
63
434
62, 229
89, 015
63, 936
63, 071
61.621
93, 061
65, 458
5. 771
4, 744
89, 297
63, 705
5. 404
5, 028
11,297
10,357
64, 362
63, 104
91,853
91,871
67. 140
5, 206
3, 220
66, 501
5. 234
3,316
11,175
11,167
71,878
31 , 992
3, 804
5,516
13, 420
20. 696
46. 653
34, 475
26, 820
12, 178
4,848
4. 277
10, 844
7, 067
72, 886
32, 204
4, 478
5, 575
13. 497
20, 573
46, 042
32,214
25, 645
12,532
25, 226
13, 294
213. 3
122.6
66. 1
24. 6
215. 2
123.8
66. 1
25. 3
Automobile paper
Other consumer eroods paper
Repair and modernization loans.
Personal loans
484
65
419
61,472
91,391
64, 022
4.829
6, 594
10, 672
47. 077
62, 451
60, 638
87, 901
62. 583
4. 622
4, 917
10. 920
47. 729
60,744
92,845
64.085
33. 114
8, 251
75, 732
33, 146
3, 674
0. 259
33. 404
33,921
8.428
8, 566
217.8
126. 1
64.1
27. 6
32, 256
26. 173
13,910
13,757
215. 0
124. 5
64.6
25. 9
216.4
124.8
65. 5
26. 1
220. 3
126. 6
66. 6
27.1
r
)
4
5
5
4 98
4. 78
4 97
5. 28
4 9n
4.77
4 96
5 24
91,527
65. 116
5, 129
4. 369
11,301
47, 242
14.525
21,754
46. 582
31,638
25. 980
14,944
4.631
7, 022
12,121
48,225
75, 975 77,726
33. 442 34,081
4, 145
3. 604
6, 279
6. 104
14,940
14. 696
21,823
21. 894
46, 093 47, 171
31. 075 31. 995
25. 274 25 583
1 5, 01 8 15! 176
220. 3
127.3
65 0
28.0
01
79
00
33
589
119
'470
569
304
265
63, 025
63, 007
65. 843
94. 512
66, 996
5,017
4, 283
12, 030
91, 839 102, 109
65, 916 71, 531
4, 938
3, 634
4. 749
12. 030 14,321
48. 658
49, 023
50. 386
34, 246 34, 459
8, 590
8, 688
78, 765 78, 861
34 290 '34,680
4, 764 ' 4, 154
6. 144 ' 6, 085
15,203 ' 15, 399
31963
21.981 '21,793
46. 768 46,611
31, 432
25,317
15,336
224. 4
131.7
64.1
28. 6
222. 0
129. 7
64.3
28. 0
Noninstallment credit, total
...
.
5.02
4. 78
5. 05
5. 33
3. 00
:>,. 99
5. 60
3. 00
4.02
5. 60
3. 00
4.01
5.60
3. 00
4.02
5. 60
3. 00
4. 05
5. 60
3. 00
4.07
5. 60
3. 00
4. 10
3. 00
4. 14
5. 60
3.00
4. 15
5. (50
3. 00
5. 60
3 3. 51
3. 85
3. 54
4. 99
3
2.81
a 2. 97
33 2. 68
4. 50
2! 98
2.74
4. 50
2.87
3. 1 9
2. 93
4 50
3. 00
3.26
3. 05
4 /iO
3. 00
3. 22
3. 00
4. 50
3. 00
3. 25
3.02
4.50
3. 00
3. 20
3. 09
4. 50
2.91
3. 16
2 95
4. 50
2. 90
3. 25
3. 02
4. 50
3. 07
3. 36
3. 20
4. 50
3.11
3.30
3.12
4. 50
3. 09
3. 34
3. 13
4. 50
3. 03
3. 27
3. 04
4. 50
3. 00
3. 23
3. 08
4. 50
3. 00
;i 29
3. 16
4. 50
2. 928 2 32. 378
3.99
3. 60
2. 458
3. 68
2.617
3 89
2. 746
3. 84
3. 77
2. 719
3.55
2. 735
3.48
2. 694
3. 53
2.719
3.51
2. 945
3.71
2. 837
3. 57
2. 792
3. 56
2.751
3. 46
2. 803
3.46
2. 856
3.44
22, 659
591
22 931
581
22. 972
573
23. 087
565
23. 376
558
23, 440
552
23, 601
545
23, 917
539
58. 3 18 ' 59, 108 ' 59. 364 r 60. 003 '60. 126 ' 60, (524
61.473
' 42, 832 ' 43, 527 ' 42, 737 ' 43, 527 ' 43. 265 ' 43, 074 '43,211
do
do
do
do
' 17, 688 ' 17, 223 r 17, 211 r 17, 223 r 17, 155
11, 525 Ml. 857 Mr 1,264 '11,857
'1 1.720
3, 139 '3,191
3, 204 r 3, 191 T 3, 151
20,480 '11,256 '11,058 '11,256 '11,239
r
5, 595
5, 615
2 414
2,421
1.107 ' 1, 058
359
'342
1, 735 ' 1, 774
13, 196
r
14, 151
f
' 5, 165 5, 595
' 2, 208 2, 421
1,015 ' 1,058
-342
'• 342
r
1, 600 r 1, 774
r
r
r
43. 837 '44.495 '45,208 ' 45. 650 ' 46, 204 '46.310 ' 46, 720 47, 274
r
'17.191 17, 348 r 17, 671 '18,032 '18,410 18,680 ' 18, 933 M8, 881
M l , 496 Ml, 407 '11.498 '11,598 Ml, 726 '11,754 M l , 824 M l . 861
' 3, 123 '3,113 ' 3, 128 ' 3, 169 ' 3, 200 ' 3, 226 ' 3, 260 ' 3, 277
'11,264 '11,343 '11.540 '11,696 '11,872 '11,990 ' 12, 187 '12,291
13,178 - 14, 151
r
5. 263 ' 5, 170 ' 5, 216 '
' 2, 1 58 r 2, 153
2, 227
1. 036 ' 1.018
'998
' 339
'336
' 330
r
1, 730 ' 1,663 ' 1. 661 >•
M9,083
19, 307
Ml. 984 12, 186
' 3, 289 3, 302 -------' 12, 364 12,479
13, 446 ' 13, 019
4, 507 ' 5, 136 ' 5, 025 ' 5, 136
3,884 ' 4, 413 '4,312 f 4. 413
623
'723
'713
'723
r
Charge accounts, total
Department stores
Other retail outlets
Credit cards
do
do
do
do
5,329 ' 5. 324 r 4, 601 '• 5, 324
941
948
717
948
3, 952 ' 3,
907 ' 3, 424 r 3, 907
r
436
469
M60
'469
r
3. 360
.do
r
3. 691
' 3. 552 r 3 fi91
5, 569 ' 5, 588 r
2, 522 ' 2, 545 '
' 988
'989
''302
'298
1, 757 ' 1, 756 '
4, 009
1,597
' 1,787
13, 064 '13,477 "13,823 ' 13, 900 ' 13, 714' 13, 799' 13, 816 ' 13, 904
14, 199
' 4, 988 ' 5, 146 ' 5, 241 ' 5. 400
' 4, 294 ' 4. 391 ' 4, 544 > 4,614
^694
' 697
'786
5, 667 ' 5,713
2, 609 ' 2, 675
' 999
'998
' 296
' 299
1,763 ' 1, 741
' 5, 824
' 2, 737
' 1, 002
r l>98
' 5, 428 ' 5, 402 ' 5, 469 '•5,481 ' 5. 442
' 4, 671 ' 4, 662 ' 4, 657 ' 4, 666 ' 4, 662
'757
' 812 ' 815
'740
' 780
5, 526
4, 680
846
4, 784 ' 4, .192 ' 4, 074 ' 4. 319 ' 4. 544 ' 4, 596 ' 4, 457 ' 4, 491 ' 4, 495 ' 4, 663
635
804
594
620
612
569
636
638
570
614
' 3, 501 - 3, 085 ' 3. 025 ' 3, 249 ' 3, 444 ' 3, 505 r 3, 388 ' 3, 394 ' 3, 353 ' 3. 507
r
'472
'479
'• 455
'450
'479
'464
500
' 527 ' 528 ' 518
4 825
688
3, 629
508
r 3 739
'7 *i4&
r
4, 930
4. 240
'690
' Revised.
i Average for Dec.
2 Quarterly average.
a Monthly average.
T Revised to reflect new coverage and revised classification of deposits (for details, see the
June and July 1961 issues of Federal Reserve Bulletin].
cTFor 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,
of loans to domestic commercial banks and after deduction of valuation
Digitized
forexclusive
FRASER
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
5. 340 ' 5. 463 <•
2, 339
2, 430
' 991
' 991
' 320
' 310
1, 690 ' 1, 732 '
41,285
18,765
11,986
4.928
5, 989
2, 835
1,019
29'-'
1,843
r
do
do
do
__.
227. 6
134.8
63. 8
29. 0
3.00
3. 99
5. 60
Single-payment loans, total
Commercial banks
Other financial institutions
Service credit
225. 8
132.3
64.4
29.1
3. 00
3. 94
5. 60
do
do
15,487
3. 00
3.98
5. 60
3
do
do
do
do
do
15,519
22,812
48, 147
32. 369
24, 514
15. 778
31, 124
24, 994
4 99
4 77
5. 00
5 39
By type of holder:
r
37, 218 ' 37, 935 '37.572 ' 37, 935 ' 38. 002 ' 37, 904 r 37, 995 ' 38, 497 r 39. 032 ' 39, 639 ' 40, 062 ' 40. 537 ' 40. 597 ' 40. 896
Financial institutions, total
__
do
16,672 ' 17, 008 r 16, 974 ' 17. 008 r 16, 964 ' 16, 967 17, 062 r 17, 366 ' 17. 686' 18, 024 ' 18, 235'18,427 r 18, 443 '18,613
Commercial banks
do
11,472 Ml, 273 r l l . 100 M 1.273 '11, 468 M l , 361 '11,28?. '11,359 ' 11, 440M l , 570 ' 11, 682Ml, 796 r 11, 787 '11,860
Sales finance companies
.
do
3. 923 r' 4, 330 ' 4. 297 f 4, 330 ' 4, 283 ' 4, 288 ' 4, 333 ' 4. 426 ' 4, 520 '4,616 ' 4, 681 ' 4. 783 ' 4,814 ' 4. 874
Credit unions _. _ „ __
do
3, 799
3, 684 r 3, 799
Consumer finance companies
_ - d o _ - _ 3. 670
3,783
3,782
3. 795
3, 876
3. 826
3, 907
3,836
3, 974
3. 948
3, 969
Other
do
1,481 ' 1,525 ' 1, 517 ' 1.525 r 1,505 ' 1, 505 ' 1, 522 ' 1. 520 ' 1, 550 ' 1, 553 ' 1, 557 ' 1 , 583 ' 1,584 •' 1, 575
Retail outlets, total
Department stores
Furniture stores
Automobile dealersOther
9, 200
82. 947
35, 351
5, 928
7, 365
3. 00
4.00
5. 60
Savings deposits, balance to credit of depositors:
N.Y. State savings banks, end of yr. or mo-mil. $._ 21,400 22, 357 22, 066 22, 357 22.350 22, 420 22,701 22. 570
651
770
651
658
642
629
620
U.S. postal savin es ^
__ __ _
do
600
CONSUMER CREDIT!
(Short- and Intermediate- term)
r
56,028 ' 57,678 ' 55,915 ' 57,678 ' 56,711 * 56. 093 ' 56. 275 '57.314
Total outstanding, end of year or month
mil. $
Installment credit, total
458
80
378
45. 979
32, 069
25. 825
14.068
21,390
46.013
21,422
45, 508
33.510
563
127
436
100
32,514
8. 536
75, 902
33,354
3. 958
6. 039
14.268
21,543
46, 904
32,418
26. 206
14,486
7, 879
75. 930
32, 937
5, 449
5. 760
13. 874
74, 030
33. 014
4,519
5. 624
13, 620
20, 783
532
89
443
471
371
3.00
3
4. 00
3 5. 64
3
3
3
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent--
502
68
434
3.00
5. 05
6. 00
3
3
Open market rates. New York City:
Bankers' acceptances (prime, 90 davs)
do_. Commercial paper (prime. 4-6 months) ...do
Finance Co. paper placed directly, 3-6 mo-do
Stock Exchange call loan^ goin^ rate
do
4 97
4. 76
4. 98
5. 28
616
70
546
r 3 R2Q
r 3 *U1
r 2 Q17
r 3 «7Q
r Q S7A
T Q QKK
r 9 QQO
r Q QA(\
r Q "(lO
9 Includes data not shown separately.
* New series; description and data prior to
Sept. 1961 appear in the July 1962 Federal Peserv.
erve Bulletin.
Q Adjusted to exclude interbank loans.
§ For bond yields, see p. S-20.
IData are as of end of consecutive 4-week periods ending in month indicated, except
June figure which is as of June 30 (end of fiscal year).
J Revised back to 1955 to incorporate
new benchmark data; available revisions for periods not shown here appear in the Dec. 1962
Federal Reserve Bulletin.
SUEVEY OF CUERENT BUSINESS
S-18
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
| 1961
Monthly
average
January 1963
1962
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FINANCE—Continued
CONSUMER CREDITJ— Continued
Installment credit extended and repaid:
Unadjusted:
Extended, total
_
Automobile paper
_
Other consumer goods paper
All other
Repaid total
__
Automobile
paper
Othe r consumer goods paper
All other
Adiusted:
Extended, total
_
Automobile paper
\11 other
Repaid total
Other consumer goods paper
AP other
r
.mil. $__ " 4. 130 ' 4, 033 '4,312 ' 4, 835 r 3, 878 ••3,611 r 4, 392 " 4, 737 " 4, 950 r 4, 923 " 4, 720 " 4, 862
1, 616 " 1,732 ' 1, 837 r 1,810 ' 1, 751 '1,731
_ _ d o _ _ . " 1, 471 ' 1. 334 r 1,433 " 1, 320 f 1, 355 r 1,318
r
r
1,215
r
1.323
r
1,
795
r
1,
116
973
" 1, 196 " 1,319 r 1,383 r 1.384 r 1, 290 r 1, 345
1.206
do
1, 453 r 1,484 r 1, 556 r 1, 720 r 1. 407 r 1,320 ' 1, 580 " 1, 686 - 1,730 r I, 729 r 1, 679 " 1, 786
_do__
r
3, 802 " 4, 255 '4, 111 r 4, 292 r 4, 210 " 4, 278 " 4, 308
r 3, 831 r 3, 975 -4.071 " 4, 041 " 4, 140
do
' 1, 365 " 1,373 "1,375 " 1, 307 r 1,423 r 1. 282 " 1, 459 r 1,409 r 1,476 "r 1, 432 r 1, 481 " 1,478
do
1, 285 f ] , 228 "1,283
1, 131 f 1, 187 "r 1, 203 " 1,200 r 1,253
1. 197
1, 256 " 1 262 "1,275
__ do
1. 494 r 1, 534 " 1 , 464 r 1,323 " 1, 511 r 1, 474 " 1, 533 r 1, 522 " 1,535 r 1, 555
1, 334 r 1,415
do
r 4, 332 r 4, 409 r 4, 327 ^ 4. 356 rr 4, 499 " 4, 659 r 4, 650 r 4, 623 r 4, 669 " 4, 619
do
r 1,510 * 1 . 469 r 1,504 r .546
1. 582 ' 1,675 " 1. 655 " 1,621 " 1.631 r 1,602
do
r
1. 265 r 1. 402 »• 1 . 280 * .276 Tr 1,328 rr 1 , 345 r" 1,338 " 1,344 r' 1 , 368 1 325
1 639
1,557 ' 1,538 r 1 543 f
1 589
534
1 657 " 1 658
1 670 " 1 69?
do
• 4, 063 "4,061 r 4, 048 r ,084 '4,121 '4, 166 "4,211 r 4. 202 rr 4, 283 r 4 261
do
r
r
r
\ 384 r 1, 375 1.401 " .390 * 1,415
1, 435 " 1,447 ' 1,433
1 456 r 1 446
' 1, 206 1, 233 r 1. 190 r ,236 r 1,231 "r 1,247 rT 1,260 rr 1, 260 * 1,296 r 1,281
do__
' 1, 473 r 1, 453 r 1, 457 " 1, 458
1,475
1,484
1, 504
1, 509 " 1 531 r 1 534
do
' 4. 098 "4,913
r 1,309 " 1. 816
" 1,255 " 1, 432
r
1,534 " 1,665
" 3, 992 " 4, 501
r
r 1, 361
4, 932
1, 701
1,499
1. 732
4, 380
1,477
1, 299
1. 604
1,614
" 1,218 " 1.307
"1,413 " 1, 580
" 4, 491 ' 4, 682
" 1 , 505 " 1 6«5
" 1 308 ' 1 335
" 1 678 r 1 p,fi2
r
4, 289 r 4 2^8
" 1 440 " 1 491
' 1, 298 " 1. 261
' 1, 551 " 1 546
4. 961
1,797
1 425
1 739
4, 380
1 490
1,302
1 588
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public :d"*
Receipts from
Pavments to
Excess of receipts, or payments (— )
Seasonally adjusted quarterly totals:
1? n -c f P~ -pints or navmpnts ( ^
Budget receipts and expenditures:
Receipts, total
Receipts, nett
Customs
Individual income taxes
Emplovment taxes
Other internal revenue and receipts
Expenditures, total^f
Interest on public debt
Veteran^' services and benefits
National defense
All other expenditures
Public debt and guaranteed obligations:
Gross debt (direct), end of mo., total
mil. $
do
do
8,191
7, 891
8,161
8,728
299
8, 554
9,218
—663
25, 300
26, 900
-1,600
do
do
do
do
do
do
do
do
do~
do
do
do
5,968
8,868
8, 576
8, 726
292 —2, 758
S, 333
6, 626
91
3. 838
! , 891
1,008
1,506
6.464
773
429
3, 808
1,510
8, 333
6,513
88
3,933
1, 766
1,039
1,508
7, 039
739
445
4,013
1,895
8,007
6, 424
106
4,891
377
1 , 266
1,368
7, 485
740
437
4, 253
2, 055
bil. $__ 2 290. 22 2 296. 17 297. 01
2
2
286. 82 292. 69 293. 60
Interest bearing total
do
2
242. 4 7 22249. 17 249. 39
Public issues
__ __
do.
2
11.08
10. 64 2 10. 89
Held by U.S. Go vt. in vestment accts. do
43. 52
44. 22
2 44. 35
Special issues
__ _
do_
2
2
3.48
3.41
3. 40
Noninterest bearing
do
Guaranteed obligations not owned by U.S. Treas2
.
3
3
.31
2.16
ury end of month
bil $
U.S. savings bonds:
2
47.
79
48.03
2 47. 53
Amount outstanding, end of month
do
.38
.36
.36
Sales, series E and H
do
.47
.38
.56
Redemptions
do
9,567
8,967
600
10,685
8, 263
7, 060
9,074
—2,014
10,850 '13.077
4, 567
9,160 rT 9, 624
9, 314
1,690
3, 453 -4,747
8,980
7, 967
88
3, 363
3.322
505
1,701
7, 160
781
471
4, 258
1, 836
5, 959
5, 357
100
3, 570
466
353
1,470
7, 395
803
471
4,316
1,890
9,773 12,354
6,729
9. 104
104
85
3, 728
5, 910
400
5, 879
1.188
2 080
1,456
1,298
7, 749
6, 858
733
755
449
U49
4,094 1 4, 597
1, 575 11,972
8,153
5, 754
99
5,348
445
745
1, 516
7,289
777
438
4,315
1, 766
11, 140
4,150
8,639 10, 149
2,501 -5,998
9, 289
10, 021
—732
27 700
28, 000
-300
26 800
26, 800
0
?4 600
27 800
-3,200
__
10, 328
10, 577
-249
10, 658 13, 346
7,024 11,615
104
100
5, 010
6, 243
5, 377
469
1, 054
2, 266
] , 576 1, 806
8,102
7,229
775
821
398
433
5,034
4,785
2,061
1,241
4, 540
3, 566
103
1, 497
525
450
1, 965
7, 252
828
442
3,954
2,107
9, 445
7,089
107
5, 467
431
1,786
1, 654
8, 541
794
492
4,448
2,85?
11,414
8, 533
4. 068
10, 053
7,027
3,030
102
114
120
5, 072
5, 312
1, 391
3, 533
412
460
962
1.208
551
1, 745
1.488
1,547
7, 327
8,070
8, 524
808
807
814
401
443
440
4,038 " 4, 610 " 4, 559
2,081 " 2, 672 " 2, 267
296. 17
296. 51
296. 98
296. 09
296. 95
299. 17
298. 20
297. 88
301.84
299. 50
302. 07
305. 39
292. 69
249.17
10.89
43. 52
3.48
293. 11
250. 81
11.32
42.30
3.40
293. 55
250. 80
11.27
42. 75
3. 43
292. 48
249. 68
11.50
42.81
3.60
293. 36
251.24
11.47
42. 12
3. 59
295. 52
251. 23
11. 46
44.29
3.66
294. 44
249. 50
11.36
44. 94
3. 76
293. 92
250. 12
11. 58
43. 80
3.96
297 90
252. 48
11.47
45.43
3.94
295. 57
251. 01
11.71
44.56
3.93
?98 14
254. 26
12.01
43.89
3. 9?
301.38 299. 21
257. 22 255. 78
12. 18
44.16 ~~43.~ 43"
4.26
4.01
.33
.35
.37
.40
.41
.43
.44
.45
.47
.49
.49
.50
.52
47.79
.34
.71
47. 78
.48
.62
47.81
.36
.44
47.81
.37
.48
47.81
. 35
.46
47.81
.35
.46
47 82
.36
.48
47.86
.36
.45
47.90
.36
.43
47.91
.30
.40
47.87
.36
.51
47.90
.33
.40
47.87
.30
.46
303. 47
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U S life insurance companies 9
2
2
bil $ 119.58 126. 82 126. 01 126.82 127. 31 127. 73 128.11 128.57 128. 93 129. 14 130 00 130. 60 131. 07 131 74
Bonds (book value), domestic and foreign,
61.06
61. 66
61.85
62. 06
62. 38
62.63 62.73 63.12
63.37 63. 55
63. 86
total
bil $ 2 258. 56 2 260. 93 61.08
6.14
6. 43 2 6.13
6. 40
6.31
6.34
6.26
6.23
6.32
6. 35
6.41
6.34
6.37
6.38
U S Government
do
2
3.
89
3.90
3.88
3.96
3.
59
4. 06
4.08
4.06
3.
96
4.05
4.10
4.06
4.08
4.09
State county municipal (U S )
do
2
2
16. 18
15. 95 216. 22
16. 22
16.23
16.37
16. 25
16.29
16.30
16.32
16.40
16.38
16 41
16. 40
Public utility ( U S )
do
3.67
3.65
3. 58
3.66
23.64
3.61
3.64
3.64
3.62
3.63
3.60
3.59
3.58
3. 60
Railroad (U S )
do
2
26. 93 27.23
25.21 226.91 26. 82
27.35 27.48 27.67
27.82 27.92 28.09
28. 46
28. 29
28.61
Industrial and miscellaneous (U S )
do
Stocks (book valued, domestic and foreign, total
2
6.
26
4.63
4.82
4.82
24.98
4.86
4.89
4.95
4.93
5.07
4.97
4.99
5.11
5.02
bil $
2
2.10
2.12
1. 79 2 2 03
2.12
2.11
2.17
2.12
2.14
2.20
2.13
2.18
2.22
2.19
Preferred (U S )
do
2
2.46
2.62
2.64
3. 12 2 4. 14
2.70
2.67
2. 69
2.74
2.73
2.71
2.78
2.81
2.74
Common ( U S )
do
44. 25
45. 14
44. 38
241.77 22 44. 20 43. 87
44.49 44. 64
44. 75
45. 34
45. 76
44. 95
45. 58
46 05
Mortgage loans total
do
41. 03 40. 71
41.08
41.21
41.30
41. 86
2 38. 79
41.42
41.52
42.03 42.25 42.41 42. 69
41. 68
Nonfarm
do
22 3. 76 22 4. 01
3.99
4.01
4. 04
3.97
3.99
3.99
4.11
4.02
4.10
4.01
4.11
4 12
Real estate
do
5.74
5. 23 2 5. 73
5. 70
5.77
5.79
5.98
5.83
6.04
6.11
5.88
5.93
6. 15
Policy loans and premium notes
do
6.08
2
1. 39
1.39
1. 33
1.38
1.28
1.20
1.26
1.28
1.20
1.27
1.21
1.22
Cash
do
1.27
1.24
2
4.
29
2
3.
94
5.
36
5.
55
5.43
5.
46
5.49
5.10
5.41
5
22
5
15
5.
20
5.21
5
17
Other assets
do
Payments ro policyholders and beneficiaries in
734. 2
676. 5
711.3 967. 5
808.9
704.3
714.1
733. 4
830. 8
739.2 754. 6
U S total
mil $
777.5 749.6
776 5
292.7 320.7 349.1 295. 6
278.8 298.4
350. 1
316. 5
300.4
300. 4
342. 0
311.6
316. 6
Death benefits
do
318.8
59. 6
60.8
70.0
56.1
74.7
56. 8
62. 9
56.3
54 5
57. 6
59 2
50.5
63 4
54 6
Matured endowments
do
10.9
11.1
10.3
12.5
10.9
11.3
12.1
11.6
12.0
11.0
13.4
11.1
12.8
12.5
Disability payments
do
64.2
62.7
56. 4
60.2
91.0
68.2
66.3
66. 7
72.0
Annuity payments
_ _ do
67.7
70.9
75.3
66.7
61.7
149. 4
140. 7
163. 7
136.1
152.7
1 40. 4
156.9
141. 5
142. 7
156. 7
149.0
142.9
Surrender values
do
157.2
146 6
151.6
143. 5 345. 4
135. 0
128.9
134.3
135.4
153. 8
160. 7
136.3
138.6
169.8
Policy dividends
__
do
148.7
177.8
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :
6,201 6,570
6,755 7,519
6. 039
6,222
5 925 6 834
6,704
6 352
6 273 5, 957
Value estimated total
mil $
6 993
6 757
5, 072
4,349 4,515 4,979
3, 905
4,233 4,849
4,791
4,666
Ordinary
do
4,631
4,528 4,505 4, 116
4 891
1,921
1, 185
1,645
1,146
1.364
1,341
1,463
1,214
1,269
1.484
1,127
1,110
Group and wholesale
do_ ._ 1,279 1,472
573
591
583
526
489
565
'621
554
611
625
575
548
572
618
Industrial
do
r
l
Revised.
p Preliminary.
Data beginning Mar. 1962 reflect revised classifications;
IData for net receipts and total expenditures reflect exclusion of certain
not comparable with earlier figures. 2 End of year; assets of life insurance companies are
actions.
annual statement values.
tSee similar footnote on p. S-17.
9 Revisions for Jan. 1960-July 1961 will be shown later.
cfOther than borrowing.
*New series (compiled by U.S. Treasury Dept. and Bti. of
Budget).
Digitized for the
FRASER
132.50
64. 07
6.40
4.06
16.42
3.57
28.66
5. 16
2.22
2. 85
46.38
43.00
4.13
6.18
1.30
5.28
741.8
318.9
60. 1
11.5
68.9
133.2
149.2
6 588
4 920
1,078
590
interfund trans-
SUEVEY OF CURRENT BUSINESS
January 1963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1960
Monthly
average
S-19
1962
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
1, 063
785
167
110
1,019
764
150
106
Dec.
FINANCE—Continued
LIFE INSURANCE— Continued
Premiums collected (LIAMA):*
Total life insurance premiums
Ordinarv
Group and wholesale
Industrial
mil. $_
do
do
__do
994
729
145
120
989
734
148
107
1,135
760
148
227
1,062
790
155
118
966
718
143
106
1,087
813
166
108
992
739
146
107
1,022
770
144
107
1, 009
752
150
107
1,041
771
161
109
1,027
762
157
108
955
714
138
103
16, 889
—5
64, 583
4,684
16, 975
-272
14,068
11,540
16, 889
-65
52, 755
10, 769
16, 815
-64
28, 224
2, 021
16, 790
-37
30, 897
19, 701
16, 608
-142
52. 845
10, 622
16,495
-82
14, 065
2,228
16, 434
-78
31,032
16, 290
16. 435
-60
14,000
3, 340
16, 147
-310
14, 005
2,039
16, 098
10
52. 663
1, 883
16, 067
2
63, 150
2, 335
15, 978 ' 15, 977 15,978
-19
26
28, 053
2,130
2 97, 900 2101,700
62, 400 66, 900 69, 200
13, 400 3 13.000 13, 000
3
4, 900 3 4,'600
4,100
67, 800
12, 900
3,400
70, 600
12, 600
3, 500
67, 400
11,400
3r 200
72, 900
12, 800
3, 500
72, 300
12, 400
3,000
74, 000
12. 300
3.400
75, 200
11,800
3,100
76, 300
11. 900
4, 000
76, 600
V> 000
4, 600
76, 100
11, 700
4,800
78, 100
12, 500
4.300
1,842
3, 156
1.043
1, 538
9,249
1. 025
979
6, 653
1.015
526
5,615
1.015
521
5, 203
1.015
964
6,837
1 . 023
476
951
5, 398 5 827
1.035 ^ 1.083
1, 144
7,897
1.155
960
7,646
1. 206
' 2, 597 r 2, 312
3,886
3, 473
2. 690
2.448
33.0
33. 2
»• 2, 274
3, 530
3,214
33.5
2, 911 r 2, 440
2, 984
3,623
2,184
2, 127
33.9
33.9
3,071
3,631
2, 880
33.9
2, 936
34.1 ~~~34.~8~
953
695
136
122
MONETARY STATISTICS
Gold and silver:
Gold:
1
Monetary stock, U.S. (end ofyr.ormo.).rnil. $._ 17, 767
-165
Net release from earmark |
- do
137
Exports
_ _ _
thous. $__
Imports
- _-do __ 27,919
Production world total
do
South Africa
do
Canada
_ _
do _
United States
do
Silver:
Exports
do
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 yr. or mo
bil. $_.
Money supply and related data (avg. of daily fig.):*
Unadjusted for seas, variation:
Total money supply
bil $
Currencv outside banks
do
Demand deposits
do
Time deposits adjusted^
- do
U S Government deposits
do
Adjusted for seas, variation:
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 (344 centers)* ratio of debits to deposits. _
New York City
___ do
6 other centers cf
do
337 other reporting centers
_
do
1
3, 154
3,786
.924
6, 600
3, 441
.923
1,896
5,152
1.033
2, 597
2, 835
3,711 3 3, 362
3,524
3, 345
132.9 i 33. 9
2, 643
3, 590
3,816
33. 5
2, 424
2, 850
4,297
33.9
s 140. 9 5 143. 2
529.0 529.1
5111.9 5 114. 0
569.1 5 78. 5
54.8
65.3
146. 3
29.7
116.6
81.5
5.8
2,149
4,786
.914
38.2
70.0
36.8
26.1
35. 5
60.0
34.8
25.7
r
r
r
1. 192
1,199
3, 565
3.023
32.8
2 , 120
3, 255
2.643
32.9
149.4
30.2
119.2
81.8
4.9
149. 0
29.5
119. 5
83.5
3.8
145. 3
29.3
115. 9
85.4
4.6
144.2
29.6
114.6
87.4
5.1
146.2
29.8
116.4
88.9
3.8
143.6
29.8
113.8
89.9
7.0
144.0
30.0
113.9
91.1
7.2
144.3
30.3
114.0
92.2
7.1
143.8
30.3
113.5
93.0
6.8
145.0
30.3
114. 6
93.8
7.2
146. 5
30.4
116.1
94.9
7.3
148.2
30.8
117.5
95. 4
6.0
151.6
31.2
120. 4
96.6
5.6
144.9
29.4
115.5
82.0
145. 7
29. 6
116.1
82.5
145. 9
29.7
116.3
84.1
145. 5
29.7
115.8
85. 8
145. 7
29.9
115.8
87.5
146.1
30.0
116.0
88.7
145.7
30.0
115. 7
89.6
145.6
30.1
115.4
90.7
145.7
30.2
115. 5
PI. 8
145. 1
30.2
114.9
92.5
145. 3
30.2
115. 1
93.4
146.1
30.3
115. 8
94.6
146.9
30. 5
116.4
96.0
147.9
30. 6
117.3
97.5
39.9
75. 3
38.5
26.8
39.8
73.4
38.7
26.8
39.7
70.9
40.6
27.7
38.5
68.1
38.4
27.1
41.7
78.2
40.9
27. 6
42.2
78.4
41.7
28.2
41.9
78.8
40-8
28.0
41.6
77.3
41.3
27.8
42.1
77.3
42.1
28.6
41.9
78.8
41.1
28.3
41.7
82.2
41.8
27. 3
42.9
80.7
43. 5
28.5
44.2
88.9
43.4
27.7
r 2. 618
2, 735
3, 185
2,319
33.8
' 43. 5
82.9
' 43. 7
28.5
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes, all industries . mil. $ e 3, 800 6 3, 828
6331
6306
"Food and kindred products
do . .
670
6 82
Textile mill products
do
Lumber and wood products (except furniture)
«28
626
mil. $.6 146
6147
Paper and allied products
do
6503
6511
Chemicals and allied products
do
8772
6 719
Petroleum refinine"
do
8136
8143
Stone, clav, and glass products
.
do._8 122
6123
Primarv nonferrous metal
do
6201
6 236
Primarv iron and steel- _ _ _ do
Fabricated metal products (except ordnance,
6111
machinery, and transport, equip.)
mil. $_. 6101
6265
6 246
Machinerv (except electrical)
do
6256
6256
Elec maehinerv equip , and supplies
do
Transportation equipment (except motor
674
656
vehicles etc )
mil $
6372
6419
Motor vehicles and parts
do
6430
6
435
All other manufacturing industries
do >
6
4 004
4 649
344
89
4 293
397
86
27
174
538
870
151
141
263
10
143
519
797
58
143
252
55
169
601
699
191
156
192
50
155
551
775
199
104
111
118
284
274
187
387
315
168
333
291
98 .
.570
396
120
645
499
106
331
564
'27074 ::::::::i
116
293
350
.—
81
599
560
i
.:.:....
--------
2, 138
2, 528
2, 202
2,123
2,112
M48
6474
477
585
472
488
..mil. $..
2,295
2,958
2.404
2,094
3, 506
2. 537
1,877
4. 075
2, 149
2,422
1,663
4, 056
1,568 ' 2, 199
1,857
do
do
do
do
2,122
673
139
34
2,648
785
273
37
2,179
762
184
41
1, 784
784
284
26
3, 363
504
141
2
2, 3R2
728
146
9
1,669
638
204
3,738
881
216
120
2,015
667
120
14
2, 253
1,063
124
46
1,598
565
32
32
3,974
840
58
24
1,408
472
110
51
2,073
912
77
49
1,806
772
28
24
846
179
20
238
18
87
210
1,096
343
22
253
15
152
190
987
233
4
367
24
81
183
1,094
330
42
211
5
42
315
647
225
15
116
12
75
104
884
139
13
153
17
366
126
847
329
1C
197
20
21
143
1, 217
463
15
383
7
90
142
801
279
37
217
12
65
96
1, 232
361
23
473
18
80
173
630
250
5
124
9
93
110
922
226
(7)
255
56
123
190
632
190
21
165
20
69
93
1,037
193
21
253
6
259
255
824
272
13
248
34
4
195
Dividends paid (cash), all industries
do
Electric utilities, profits after taxes (Federal Reserve)
mil. $
Transportation and communications (see pp. S-23
and S-24).
« 2, 070
4, 609
346
100
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©
Manufacturing
Extractive (mining)
Public utility
'_
Railroad .__
Communication ...
Financial and real estate
do
_ _ . do
do
do _
do-__.
..do
do
1,449
Noncorporate, totalQ...
do
1,862
1,000
1,417
2, 859
659
U.S. Government
do
1,021
357
1,589
341
602
State and municipal
do
695
789
654
866
r
2
Revised.
i End of year.
Estimated; excludes U.S.S.R., other Eastern European
countries, China Mainland, and North Korea. Comparable data not shown in 1961 BUSINESS STATISTICS volume.
s Includes revisions not distributed by months.
* Effective Aug. 1962 for silver in commercial bar form (priced H cent higher than on former basis;
Mo
cent higher effective Nov. 15,1962).
5 Average of daily figures. 6 Quarterly average.
7
Less than $500,000.
1,348
1, 654
2,858
1, 030
1,033 3,135
1,190
936
1,162
1,034
352
361
372
1,506
363
358 2,408
300
359
327
1, 123
897
877
621
641
760
559
426
646
595
*New series. Back data for premiums collected and turnover of total demand deposits
are available upon request; those for money supply, etc., are published in the Aug. 1962
Federal Reserve Bulletin (see also Oct. 1960 Bulletin for concepts and methods).
§Or
increase in earmarked gold (— ) .
UTime deposits at all commercial banks other than those
due to domestic commercial banks and the U.S. Govt.
^Includes Boston, Philadelphia,
Chicago, Detroit, San Francisco, and Los Angeles.
©Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
January
1962
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission— Continued
New corporate security issues:
Estimated net proceeds total
mil $
Proposed uses of proceeds:
New money total
do
Plant and equipment
--do _Working capital
do
Retirement of securities
do
Other purposes
do
State and municipal issues (Bond Buyer) :
Long-term
do
Short-term
do
827
1,073
961
1,071
632
866
823
1,185
785
1,214
621
907
618
1,021
815
730
472
258
23
75
902
628
274
75
96
908
671
2? 1
13
40
930
506
424
71
70
507
326
181
39
85
792
642
150
7
67
709
458
251
16
97
1,033
753
279
80
621
435
186
25
139
953
713
240
82
180
504
329
175
39
78
620
382
237
159
129
441
315
126
39
138
795
474
320
134
93
525
272
253
78
213
602
334
697
376
789
532
669
336
866
186
1,123
640
621
351
877
442
897
499
760
375
641
301
559
573
426
172
646
285
' 595
590
!430
i 390
13,317 i 4, 294
1 1, 135 J1 1, 219
> 2, 275 3, 003
422
4,180
1,213
2, 803
430
4,294
1, 219
3, 003
436
4,145
1,225
2,911
421
4, 100
1, 190
2, 882
426
4, 117
1,154
2, 963
419
4,115
1,110
3. 072
426
4. 034
1.205
2,889
437
3, 637
1,374
2,239
415
3, 592
1, 252
2, 124
388
3, 796
1, 130
2, 506
380
3,914
1.091
2. 738
397
3,889
1, 126
2,625
385
3.975
1,151
2,586
503
343
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)
Money borrowed
-
--
mil. $
do
do
do
Bonds
Prices:
Average price of all listed bonds (N.Y.S.E.),
total§
dollars-Domestic
do
Foreign
- do _ _
Standard & Poor's Corporation:
Industrial, utility, and railroad (Al-f issues):
Composite (21 bonds) cf.—dol. per $100 bondDomestic municipal (15 bonds)
__do_. _
IT S Treasury bonds taxable 1
do
Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value —
mil. $__
Face value
do
New York Stock Exchange:
Market value
do
Face value
do
New York Stock Exchange, exclusive of stopped
sales face value total §
mil $ _
Domestic
- do_ _.
Foreign
- do
Value, issues listed on N.Y.S.E., end of month :
Market value total allissues§
bil. $..
Domestic
do- -Foreign
do
Face value, total, all issues §
Domestic
Foreign
Yields:
Domestic corporate (Moody's)
By ratings:
Aaa _
Aa
A
.._ ._Baa
By groups:
do
do
do
Public utility
Railroad
Domestic municipal:
Bond Buyer (20 bonds)
Standard & Poor's Corp. (15 bonds)..
U S Treasury bonds, taxable©
91.42
91. 56
81.81
92. 98
93. 12
83.22
92. 67
92. 76
85. 36
92. 26
92 38
83. 31
92.24
92. 35
84. 26
92. 90
92. 99
85. 12
93. 89
93 99
85. 80
94. 40
94. 50
86. 04
93. 80
93. 91
84. 68
93. 02
93. 13
84.82
92.97
93. 08
84.61
93. 76
93. 87
85. 88
94. 16
94. 27
85. 94
94. 57
94.68
86. 27
95. 03
95. 13
87. 18
94.6
103. 9
86.22
95. 2
107.8
87. 55
94.9
108. 1
86. 52
94. 5
107. 3
85. 61
94. 5
1 09. 9
85. 34
94.5
110.5
85. 17
94.8
111.9
86. 21
95. \
113.7
87. 69
95. 9
113.5
87.87
95. 7
111.2
87. 61
95. 4
110.2
86. 07
95. 4
110.1
86. 64
95. 8
112. 1
87 02
96.6
114.4
96. 6
114.5
87. 96
133. 92
134. 52
168. 56
162. 82
162.65
164.03
1 60. 43
1 67. 36
150.81
157.72
136. 69
132. 43
143.42
144. 94
134. 82
135. 58
188. 43
184.91
246. 49
249. 77
151.86
156. 85
117.84
125.30
91. 01
94.62
112.30
136. 16
12S. 56
135. 57
131.65
132. 28
163.70
1 59. 05
1 58. 28
160. 65
154. 50
161.12
146. 10
152.91
131. 74
127. 77
138. 15
139. 49
129. 99
130. 81
183. 01
179. 28
238. 82
241.24
148.25
152.98
112. 35
119. 58
86. 01
90. 10
105. 49
128.67
122. 72
129. 41
112.20
105. 88
6. 33
1 36. 34
130. 51
5.83
140.84
135. 71
5.13
135. 73
129. 09
6.64
133. 06
126. 35
6. 71
101.35
95. 43
5.92
113. 54
104. 74
8.80
117.18
111.74
5. 44
183.17
174. 76
8.42
184. 88
176. 26
8.62
116. 51
108. 52
7.97
95. 86
88. 71
7.16
81.52
75. 06
6.46
100. 62
89.22
11.39
118. 29
110. 60
7.70
108. 48
105. 67
1.61
108. 34
105. 50
1.58
104.75
101.86
1.63
104. 63
101.78
1.61
105.52
102. 66
1.62
1 06. 25
103.38
1.61
107. 40
104. 42
1.63
109. 44
106. 40
1.68
106. 74
103. 70
1.67
105. 51
102. 42
1.74
105. 47
102. 37
1.76
108. 52
105. 36
1.80
111.37
108. 22
1.79
111. 69
108. 52
1 80
113. 07
109. 85
1.84
118.69
115.44
1. 97
116.51
113.30
1.90
113.03
109.81
1.91
113. 42
110. 18
1.93
114.39
111. 16
1.92
114.37
111.17
1.90
114. 39
111.10
1. 90
115.93
112. 59
1.95
113. 79
110.42
1.98
113. 42
109. 97
2.06
113. 45
109. 98
2.08
115. 74
112 25
2.10
118.28
114.80
2.09
118. 10
114 62
2.09
118. 99
115.48
2.11
96. 0
113.1!
87 96
percent..
4.73
4.66
4.70
4.71
4.70
4.70
4. 67
4.63
4.58
4.59
4.63
4 64
4.61
4. 57
4.55
4 52
do
do
do
do
4.41
4. 56
4.77
5.19
4.35
4.48
4.70
5.08
4.39
4.54
4.75
5.11
4.42
4.56
4.74
5.10
4.42
4. 55
4.74
5.08
4.42
4. 56
4.74
5.07
4.39
4.53
4.71
5.04
4.33
4.49
4.66
5.02
4.28
4.43
4.62
5.00
4.28
4.44
4.62
5.02
4.34
4.49
4.65
5.05
4
4
4
5
35
49
66
06
4.32
4.46
4.62
5.03
4.28
4 41
4.61
4 99
4. 25
4.40
4.59
4.96
4 24
4 3S
4. 54
4 92
<lo
do
4.59
4.69
4.92
4.54
4.57
4. 86
4 58
4. 63
189
4.59
4.62
4.91
4.57
4.61
4.92
4 57
4.62
4.90
4.52
4.60
4.88
4.46
4. 56
4.86
4 42
4.50
4.83
4.45
4.47
4.86
4 52
4.48
4.90
4 51
4 50
4.90
4 45
4.49
4.88
4 40
4 46
4.85
4 39
4.42
4. 83
4 40
4 41
4. 76
do
_do
do
3.51
3.73
4. 01
3.46
3. 46
3.90
3.48
3. 44
3.98
3.42
3.49
4. 00
3.22
3. 32
4.08
3.20
3.28
4.09
3.12
3.19
4.01
3.00
3.08
3.89
3.24
3.09
3.88
3.24
3.24
3.90
3.33
3.30
4.02
3 14
3.31
3 97
3.06
3.18
3.94
3 01
3.03
3.89
3.10
3.03
3.87
3. 05
544. 4
r
;i ne
:i 87
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil $
Finance
Manufacturing
Mining
Public utilities:
Electric and gas
Railroads
Trade
Miscellaneous
__
-
do
do
do
_ _
--
-
do
do
do
do
Dividend rates and prices, common stocks
(Moody's):
Dividends per share, annual rate (200 stocks)
dollars.
Industrial (125 stocks)
do ._
Public utility (24 stocks)..
do...
Railroad (25 stocks)
do___
Bank (15 stocks') _ _ _ „
do ..
Insurance (10 stocks)
do
213,575 214, 154
401. 4 2, 750. 5 1, 065. 4
2,074.4
987.8
384.0 2, 086. 2
994.8
395 4 2, 137. 9
1,025 3
412. 1 •1. 968. 2
2 2, 048 2 2. 160
2 7, 047 2 7. 346
2 544
2 549
114.1
135.0
3.5
400. 5
,712.2
157.3
284.3
295. 2
11.1
183. 8
235. 3
134. 5 1,331.4
109. 0
3.0
188.9
340.9
11.1
167. 6
91.9
131.4 1,354.5
5.2
108.5
197.4
338.6
10.5
229. 4
93. 2
135 5 1,352.3
105. 5
3.0
194.5
361. 8
11.4
389. 2
104.6
140. 2 1 , 90ft. 3
2.8
ins. 3
2
2
2.4
114.6
1. 5
22.8
7. 5
109. 9
197. 6
75.9
62. 1
35. 0
235. 4
119.7
30. 9
77.3
11.5
2 2
115.5
4.2
42.9
6. 8
113.2
197. 3
56. 7
53. 3
29. 7
235. 3
123. 3
20.5
57. 9
9. i
3.3
116.8
5. 5
23. 0
6.9
113.0
199. 1
56.6
59.3
27.6
235. 7
123. 8
16. 9
59. 8
12.1
9
9
118.6
8.7
23.5
10. 0
112.8
201.3
50.7
58. 4
27.5
236 4
124.8
19.7
62.4
14.3
3.3
124.9
21.6
9.0
117 4
207. 8
77.1
6t>. 2
35. 9
5.88
6.33
2. Sf
3. 36
4. 25
5.19
5.89
6. 33
2. 86
3. 36
4.25
5. 19
5. 92
6.37
2.86
3. 36
4.30
5.19
5. 95
6.41
2.86
3. 35
4.30
5. 19
5. 96
6.41
2. 91
3.35
4. 30
5.29
5. 96
6. 42
2. 91
3. 35
4.30
5. 29
5.97
6. 41
2. 97
3.35
4. 30
5. 29
5.97
6.41
2.98
3. 35
4.30
5.29
5.97
6. 40
2. 98
3.35
4. 30
5. 29
5. 97
6.40
2.99
3.35
4. 30
5 32
6. 40
3.02
3.34
4.30
5. 32
5.91
6. 29
3. 03
3.39
4.30
5.32
6. 13
6. 63
3.05
3.39
4.30
5.32
5. 99
6.43
2.97
3. 36
4. 30
5.31
1,181 2 1, 283
1,588 2 1 , 692
2 356
2370
22 578
2 581
1 95
2212
5. 59
6.03
2. 68
3. 53
3.97
4. 75
5. 70
6. 07
2.81
3.37
4.21
5.18
• Price per share, end of mo. (200 stocks) 9 ...do... 155.46 185.66 200. 36 202. 73 195. 17 i 198.76 198. 91 186. 28 171.39 157. 34 168.24 170. 51 161. 75 164. 02 179. 59 182. 43
Industrial (125 stocks) _._
d o _ . _ 173.18 199.90 213. 75 216. 69 209. 40 ! 212. 12 213. 78 198. 72 183.43 168. 00 178. 96 181. 40 172. 29 174.24 192. 36 194.68
95. 1 4 i 97. 76
99. 32
96. 45
86. 79
90. 55 103.91
98.87
81.74
69. 82
87. 72
87. 42
96. 49
86, 83
90. 12
92.64
Public utility (24 stocks)
do
68. 26
69. 10
70. 43
64. 78
70. 01
69. 98
68. 60
62. 00
57.19
62. 46
58. 27
68. «4
58. 66
59. 25 1 56. 07
67.43
Railroad (25 stocks).
do
r
2
cTNumber of bonds represent number currently used; the change in the number does not
Revised.
i End of year.
Annual total.
affect the continuity of series.
§Data include bonds of the International Bank for Reconstruction and Development not
^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
shown separately; these bonds are included in computing the average price of all listed
OFor bonds due or callable in 10 years or more.
bonds.
$ Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
January 1963
I n less otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
S-21
1961
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June I Jalv
!
Aug.
Sept.
Oct.
Nov.
Dec.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields
and earnings, common stocks
(Moody? s):
Yield (200 stocks).
percent-Industrial 025 stocks)
do
Public utilitv (94 stocks)
do
Railroad (°.5 stocks)
do
3.60
3.48
3.84
5.65
3 91
2.92
3.07
3.04
3.10
4.94
3 18
2.31
Earnings per share (indust., qtrly. at arm. rate;
pub. util. and RR.Jor 12 mo. ending each qtr.):
Industrial (125 stocks)
dollars.. 19.62
24.12
Pub/He utilitv (94 stocks)
do
2
4.80
Railroad (25 stocks)
do
!9.6t
2
4.33
23.94
Insurance (10 stocks)
do
Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp.)..
percent--
4.75
Prices:
204. 57
Dow-Jones averages (65 stocks)
618.04
Industrial (30 stocks)
_
91.39
Public utilitv (15 stocks)
138. 93
Railroad (20 stocks)
Standard & Poor's Corporation :cf
Industrial, public utility, and railroad:
Combined index (500 stocks)
1941-43=10— 55. 85
Industrial, total (425 stocks) 9
Capital goods (193 stocks)
Consumers' goods (193 stocks)
Public utilitv (50 stocks)
Railroad (25 stocks)
Banks:
New York Citv (10 stocks)
Outside New York City (16 stocks)
Fire insurance (16 stocks)
2.93
2.96
2.74
4.80
2 83
1.98
2.91
2.92
2.88
4.86
2 75
2.10
3.03
3.04
3 01
4.77
2 94
2.20
2.99
3.02
2 93
4.79
2 81
2. 13
11.64
4.33
3.94
3.00
3.00
2 94
4.88
2 97
2 10
3.20
3.23
3 02
5. 17
3 26
2 28
3.48
3.49
3 42
5.40
3 56
2.59
3.79
3. 82
3 65
5.86
3 74
2.86
3.55
3.58
3 40
5 75
3 45
2 68
3.50
3.53
3.32
5.65
3 43
2.63
3.00
3.61
3 49
5.78
3 62
2.78
3.41
3.45
3 29
5.03
3 36
2.44
3.37
3.41
3 18
5. 03
3 97
2. 53
9.50
4 57
5 05
11.10
4 50
4 99
10.80
4 45
4 69
3.69
3.71
3 45
5. 90
3 70
2 85
4.66
4.59
4.64
4.59
4.52
4.48
4.45
4.45
4.52
4.59
4.55
4.50
4.49
4.45
4.42
232. 44
691. 55
117. 16
143. 52
248. 56
724. 74
133. 74
149. 06
246. 76
728. 44
131.90
143. 88
239. 95
705.16
124. 46
147. 38
243. 07
711. 95
127.45
148. 61
243. 36
714. 21
129. 84
145. 24
237. 42
690. 28
129.25
142 29
221.91
643. 71
120. 03
134. 96
198. 94
572. 64
109. 17
121. 64
203. 10
581.78
113.91
122 75
208. 94
602. 51
118.93
121. 89
207. 82
597. 02
120. 53
119.76
202. 73
580. 05
117.77
117.58
218. 35
628. 82
122. 34
130.29
227. 22
648. 38
127. 37
138.98
66.27
71.08
71.74
69. 07
70.22
70.29
68. 05
62. 99
55. 63
56. 97
58.52
58.00
50. 17
00. 04
62. 64
do
do
do
__do
do
59. 43
59 75
47. 21
46.86
30.31
69.99
67. 33
57.01
60. 20
32.83
74.72
70.91
64. 77
67. 19
34. 30
75.81
70 58
65. 00
65. 77
33. 21
72.99
68 06
61.78
62. 69
33. 77
74. 22
68 37
62.35
63. 70
34. 23
74.22
68 06
62.26
64. 51
33 45
71.64
64 49
60.66
63. 86
32.31
66.32
58 17
55. 86
58. 84
30.71
58. 32
50 18
48.98
53.32
28.05
59. 61
51 08
49.82
55. 51
28 29
61.29
52 91
51.17
56.96
28.09
60.67
52 08
50. 60
56. 96
27. 68
58. 60
50 83
49.06
55. 63
27.40
62. 90
56 05
52. 42
57.69
30.47
65. 59
57 54
54. 52
60 24
32. 24
do
do
do
26. 23
53. 10
33 93
33. 75
70.78
45, 42
39.93
83. 87
51. 60
40. 10
83. 507
50 9
38. 02
76.79
47 60
39. 09
75. 79
49 24
38.10
73.41
49 71
36.11
70. 94
48 49
32.33
65. 1 1
43 79
29. 69
58. 45
38 36
31 02
59. 88
38 59
32. 35
61. 93
40 72
31.33
61.23
39 79
30.26
59. 00
37 47
32.37
64. 00
41 93
34. 35
07.71
44 66
5, 317
168
5, 282
156
5, 338
165
5, 203
157
4,219
126
4, 447
135
3, 954
114
5, 367
148
6,728
204
4,291
131
4,117
132
3.393
104
3,990
126
4, 590
144
4 392
108
4, 420
103
4,467
106
4. 366
103
3, 545
85
3, 703
88
3. 335
79
4, 649
3
105
6,034
156
3,789
99
3, 575
96
2, 930
74
3, 518
93
4, 040
107
85
88
82
81
66
68
65
111
100
74
77
03
79
96
358. 93
6, 752
387. 35
7,009
387. 84
7,088
375. 20
7,202
383. 42
7, 269
381 36
7,302
357. 77
7, 343
326. 78
7, 434
298.97
7, 485
318 84
7,533
324 51
7, 552
308 44
7 501
309 23
7 Oil
341 14
7 621
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil. $_, 3,768
116
Shares sold
millions- .
On New York Stock Exchange:
Market value
- - mil. $__ 3,163
80
Shares sold (cleared or settled)
m ill ions.. .
Exelusi ve of odd-lot and stopped stock sales
64
(N.Y. Times; sales effected)
millions..
Shares listed, N.Y. Stock Exchange, end of mo.:
Market value aH listed shares
bil. $__ 291.49
Number of shares listed
_ .millions. - 6, 231
81
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Indexes
Exports of U.S. merchandise:*
107
111
108
111
(Quantity
1957-59=100100
109
111
116
110
Value
do. __
104
103
Unit value
do
101
105
105
104
Imports for consumption:*
109
107
Quantity
__
do. _
118
112
121
105
115
Value
do
108
110
110
99
Unit value
do
98
98
98
96
Agricultural products, quantity:
Exports, U.S. merchandise, total:*
^223
v 193
p 213
Unadjusted
_
1952-54 = 1 00. . 194
P 188
•P 173
Seasonally adjusted
do
202
*>124
Cotton fiber (incl. linters), seas, adj
do
P 172
v 121
Imports for consumption, total:*
103
Unadjusted „ _ _ ___ _
do. __
106
114
101
117
Seasonallv adjusted
do
103
106
120
108
145
Supplementary imports, seas, adj
do. __
102
109
93
Complementary imports, seas, adj
do
99
Shipping Weight
Water-borne trade:
9, 526 10,419
9, 389
Exports, incl reexports § _
thous. Ig. tons.. 9,382
7, 873
General imports
.
do _- 14, 794 13, 984 14, 387 14, 694 14,432
Value*
Exports (mdse.), incl. reexports, totalf
mil. $._ 1,713.2 1, 739. 5 1,817.7 1, 826. 9 1, 642. 2
Excl. Dcpt. of Defense shipments
do
1,634.1 1, 672. 0 1,759.4 1,777.3 1,591.8
Seasonallv adjusted*
_
do
1,716 3 1,719 2 1 660 0
By geographic regions: A
Africa
Asia.
Australia and Oceania
Europe. .
_ _
_
Northern North America
Southern North America
South America
do
_do
do
_ .do
do. __
._ _do
_do_ __
112
117
105
116
120
103
121
125
104
122
126
103
100
109
103
104
107
103
109
112
103
Q9
103
103
108
104
96
193
118
96
119
114
96
126
122
96
119
114
96
120
114
95
124
118
Q5
122
110
95
129
1?3
95
8, 833
13 078
8 847
14 884
9, 509
14 346
11,530
17 010
11,046
17 778
108
1,774.0 1,844.9 1, 881. 2 1,972.5 1,970.4 1, 709. 1 1, 082. 5 1, 761. 2 1,613.7 1,851.2
1,712.4 1,783.2 1,798.8 1, 892. 4 1,894.1 1, 621. 5 1, 634. 0 1,711.0 1, 583. 1 1,791.5
1 852 1 1 632 1 1 794 6 1 774 7 1 858 9 1 718 1 1 O r )l 0 1 035 9 1 503 2 1 705 2
63 8
303.9
39.6
543. 8
08 9
342.3
33. 4
536.7
82 5
332. 6
32.6
573. 8
77 0
389.0
30.2
501.0
78 9
348. 9
31. 0
502. 8
80 8
331.7
33.1
574 1
88 7
341. 1
32.9
584. 5
94 8
337 4
40.2
557 0
79 7
352 8
41.6
581 0
88 7
359 8
41.9
573 7
78 0
326 7
41. 7
473 8
73 6
319 7
39.0
495 0
309. 2
139.4
174.7
303. 6
121.4
185.8
317 9
130.7
185. 2
287 7
120.4
202.8
272 8
109 9
160.9
273 8
114 5
164. 5
310 8
126 5
187.5
352 2
117 7
182. 7
379 6
134 9
176. 0
370 4
134 9
185. 4
314 0
118 8
150.5
303 9
127 1
173. 7
r
l
Revised. 3 » Preliminary.
Quarterly average at annual rate.
2 For 12 months
einJintr Dec.
Note that all figures on this line are on basis of sales cleared or settled
during indicated month; clearances usually occur about 4th day after transaction date.
cf Number of stocks represents number currently used; the change in number does not
affect continuity of the series.
9 Includes data not shown separately.
* Revisions for Jan.-Dec. 1960 (prior to May 1901 for indexes rehased to 1957-59=100) will
be shown later.
113
105
80 '•$
334 0
52.3
545 7
60 9
8° 2
36. 6
483 6
9
290
0
341 8
1O9 2
134 5
133. 1
171.6
§Excludes "special category" shipments and all commodities exported under foreign-aid
programs as Department of Defense controlled cargo.
^Includes grant-aid shipments under the Dept. of Defense Military Assistance Program,
as well as economic aid shipments under other programs.
*New series. Revised data prior to 1961 may l3e obtained from Bu. of Census reports.
AExcludes "special category" shipments.
January 1963
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
1961
Monthly
average
Nov.
1962
Dec.
Jan.
Mar.
Feb.
May
Apr.
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value}— Continued
Exports (mdse.), incl. reexports — Continued
By leading countries:
Africa:
United Arab Republic (Egypt Reg.) mil. $._
Republic of South Africa
do
Asia and Oceania:
State of Singapore
do
India
do
Pakistan
do
Japan
-- - do
Republic of Indonesia
do
Republic of the Philippines
do
Europe:
"Prance
do
East Germany
do
"West Germany
do
Italy
do
Union of Soviet Socialist Republics
do_ _ _
United Kingdom
do
North and South America:
Canada
do
Latin American Republics total?
Argentina
Bra/il
Chile
Cuba
Mexico
do
do
do _ _ .
do
- do
do
Exports of U S merchandise totalf
do
By economic classes:
Crude materials
- - do
Crude foodstuffs
do
Manufactured foodstuffs arid be vcragcs. — do
Scmimanufacturesc?
-- -do
Finished manufactures cT
do
By principal commodities:
Agricultural products, total?
do
Cotton, unmanufactured
do
Fruits, vegetables, and preparations
do
Grains and preparations
do
Packinghouse products
do
Tobacco and manufactures A
do
Nonagricultural products total 9
do
Automobiles parts and accessories
do
Chemicals and related products!
do
Coal and related fuels
_ _ _ __ do .._
Iron and steel products
do
Machinery total §9
Agricultural
Tractors parts and accessories
Electrical
Metal workings
_
Other industrial
Petroleum and products
Textiles and manufactures
General imports total O
12.6
23.1
13.5
19.0
18.2
16.2
18.0
17.5
32.3
26.6
27.3
53.4
14.2
111.8
29.9
18.9
135.2
24.8
40.2
16.3
144.9
11.2
27.7
36.3
11.2
23.2
48.5
47.1
45. 8
47.2
3.4
7.2
3.9
4.7
6.9
25.0
15.2
24.1
19.2
22.2
19.4
28.8
21.5
23.9
15.1
22.4
22.2
22.3
20.2
16.7
15.0
13.9
19.9
6.2
14.5
25.3
28.2
27.4
27.5
34 8
35.2
35.2
35.4
33.4
46.7
32.6
44.9
20.7
134. 3
11.7
20.3
29.8
12.2
134. 2
43.1
47.6
17.8
115.5
15. 3
23.1
60.8
23.5
116.8
68.2
31.9
117.4
11.2
22.8
75.0
35.7
97.0
57.0
28.9
102.2
21.7
21.5
45 5
5.3
52.7
30.6
110.0
12.2
23.8
30 9
2.9
51.3
17.9
95.0
11.3
19.3
47.4
56.0
50.6
55.6
59.9
50.3
35.7
40.3
74.5
59.9
93.5
71.2
102.3
76.7
91.9
57.3
101.1
60.7
95.3
72.3
82.3
48.7
85.5
58.9
37.2
.1
77.9
61.3
.4
89.3
341 8
4.7
1:15.
3
4.2
9.6
21.0
2.9
9.5
132. 0
11.1
23.2
3.7
4.4
8.7
22.5
5.4
3.3
7.0
4.1
9.3
89. 2
54.2
89. 6
66. 2
95.0
66.0
94.1
63.7
117. 6
.2
103. 9
.4
94.2
100.9
78.8
100.3
91.3
85.3
84.3
77.8
83.6
75.6
46.8
.1
85.3
58.5
.7
110.8
309.1
303. 6
317.9
310.8
352. 2
379.6
370.3
314.0
303.8
290.6
289.8
29.2
35.9
16.2
20. 5
18.6
281.7
35.3
40. 5
18.9
20 4
.3
3.2
68. 3
45. 9
2
3.6
1.1
66. 4
42 5
1,696.5 1,719 0
215.7
137.1
93.1
294. 5
956. 1
402.7
82.3
32.4
137. 9
25. 1
39.7
1,293.8
108.1
140. 5
30.2
73.2
360. 5
do
12.1
do_ __
32. 3
do
85.2
do
30. 8
do
178.8
do
39. 9
do
57.8
do
1,251.5
do
212.2
158. 1
96.4
273. 9
978.4
.5
.5
.1
C1)
0
2.7
.2
.1
2
.7
4.3
.1
2.8
.1
1.0
.1
1.4
287.6
272.7
273.8
246.8
37.4
30.8
13.4
17.4
o
55. 8
34.6
,617.2
254.4
33. 6
30.0
17.0
20.3
0)
62. 0
35.7
1,753.6
279.6
291.9
274.6
283.4
243.5
272.3
237 9
273 1
42.9
37.8
29.4
32.5
32.6
24.1
40. 5
19.1
32. 5
42.9
39.1
33.5
42.0
36.5
32.3
29.4
15.3
12.3
16. 7
11.2
12.3
17.9
12 2
H 2
23.6
22 2
20.8
21.9
17 4
201 1
•>2 6
12 1
!
1
.1
0
G)
()
C)
f)
0)
0)
59. 3
69.0
64.8
53. 6
74.8
59. 9
62.9
71.8
41.9
41.1
38.1
37.4
32.2
50 1
40.9
33 6
1 ,822.5 1, 857. 4 1, 946. 2 1, 948. 5 1,691.5 t, 602. 2 1,742.3 1,593 1 1.824.3
232. 1
2
178. 8
9
104.7
6
280. 9
4
8 1,010.4
164. 5
146. 9
107.3
250.2
948.1
167.5
175. 8
108.2
252. 9
1,049.1
171.2
204. 1
193.1
192. 9
161.8
176. 0
189. 8
214.9
153. 4
176. 9
122.3
127.8
127. 7
106. 1
107. 7
255. 5
264.3
257. 0
227.6
254. 9
1,097.4 1,156.2 1, 153. 6 1,162.6 1,011.6
250.
180.
106
262.
997.
419. 1
376. 8
411.3
469. 5
490. 1
54. 6
73.7
53. 5
77.5
58.8
32.9
32.9
29. 9
30.4
35. 1
157. 8
] 57. 9
190. 3
186. 4
179. 1
27.4
24.5
26.8
21.9
30.8
41. 6
43.9
27.2
64.6
1,299.9 1,307.8 1. 337. o 1,240.4 1,342.3
107. 9
98. 9
110.4
98.6
107. 3
142.3
143. 8
142.6
148.0
141.4
27.8
21.2
25. 0
29.2
33. 0
66.2
68.7
57.3
50. 9
66. 9
394. 7
12.0
29. 9
93. 5
40.0
188.6
37. I
56.8
1,226.7
.1
286.4
302.0
40.7
34.8
30.6
40.8
19.8
20.2
17.7
26 6
.1
.1
70. 9
69. 6
43.3
52, 0
1, 797. 9 1, 806. 9
400. 4
9.4
24.5
105.1
40. 7
187. 5
38. 2
60 4
1,342 2
1 310 7
155. 7
186. 2
153.1
152.6
109. 7
111.8
265. 1
279. 5
978. 5 1,012.3
197. 6
233.5
144.5
140.3
122.7
105. 6
242. 0
214.9
934. 7 1,081.6
428. 0
470.5
359. 6
450.4
473.3
402. 1
396. 6
410.9
389.3
55.0
59.0
19.9
50.4
41.1
23.2
21.9
42. 6
66.2
34. 5
39.3
35.7
37.8
35.3
34.0
37.7
46.1
30.7
188. 2
187.9
152. 7
217.6
144.3
136.7
182.4
153. 2
151. 5
23.5
36. 7
23 2
31.5
23.4
21.0
24.8
24. 7
25.0
31.9
40.2
31.2
37.9
76.0
55. 3
44.5
36.3
32.8
1,394.5 1,446.5 1, 472. 9 1, 478. 0 1, 289. 4 1, 302. 6 1, 345. 7 1,203.8 1,374.0
113. 5
112. 5
121.9
S«. 1
142.4
91.0
113.0
1 18. 0
119.8
153.0
158.8
149. 6
155. 2
128.2
148.1
158. 4
142 2
158. 1
35. 3
26. 0
37.5
42. 6
35.7
39.0
31.0
39. 4
28.3
48. 6
50. 7
59. 4
54.6
49.9
42.9
39.3
61.5
49.0
:
440.6
493.6
402.6
403.2
387.3
412.6
477.0
389.5
443. 6
406. 7
462.0
423. 8
14.3
16.7
10.2
10.6
12.1
12.0
17.6
9.9
10.5
16.5
14.9
9.9
30.2
34.2
23. 5
26.3
28.5
38.5
29.4
27. 8
27.9
34.4
31.3
26.4
116.9
99. 1
95.0
91.9
117.9
90.3
98.7
117.6
95. 4
105.6
99.7
113.8
50.5
49.7
48.1
36.1
44.2
46.6
41.3
47.7
40.0
39.1
40. 9
42.5
189.1
217.2
169.4
192.0
194.6
205. (5
219.5
209.7
185.7
220. 0
193. 6
196. 6
33.3
33. 0
37.7
33. 0
31.3
38.2
39. 0
36.2
30.2
39.8
37. 5
43. 5
63.1
60.0
60.6
49.0
55.2
58. 0
58.9
51.2
63.2
f.'J. 3
59.2
48.2
1,294.9 1, 372. 6 1, 224. 2 1, 385. 9 1, 333. 2 1, 453. 5 1,350.2 1, 337. 1 1, 358. 8 1,342.3 1,438.9 1,451.6
1,296.5 1,320.1 1,314.1 1, 336. 1 1,374.2 1.385.0 1,345.8 1, 353. 4 1,377.0 1,498.6 1, 339. 4 1, 420. 3
By geographic regions: O
40.5
64.1
52.2
55. 8
46.3
Africa
do _
226. 8
236. 6
243.8
21 5. 2
235 3
Asia
do
22.6
32.4
22.2
27 3
26. 7
\ustraliaand Oceania
do
377. 5
379.9
355.6
345.8
414 8
Europe
do
278.8
275.
5
262.9
272.4
Northern North America
do
310 8
113.5
127.2
149.7
113.8
Southern North America
do
111 7
223.
9
226.9
202.9
196. 7
195 2
South \merica
do
By leading countries: O
Africa:
2.9
.6
.8
2.6
United Arab Republic (Egypt Reg ) do
17.4
27.9
19. 4
16.5
16.7
Republic of South Africa
do
Asia and Oceania:
15.4
18.3
17.1
22.9
11.9
Australia, including New Guinea
_ do
1.2
3.4
1.6
1.6
State of Singapore
do
31.4
21.0
19.0
24.8
21.0
India
do_
3.1
2.2
4.4
3.0
3.7
Pakistan
_
do. __
87.9
99. 6
107. 5
95.7
94.0
Japan
do
13.6
14. 8
17.2
13.0
18.0
Republic of Indonesia _ _
- _
do
26.4
15. 5
20.7
25.6
25. 6
Republic of the Philippines
do
Europe:
42.4
36. 3
44.0
33 0
39 4
"FY'incc
do
.2
.1
.3
.2
.5
East Germany
do
67. 6
74.8
71.3
70. 6
82.8
West Germany
do
31. 3
38.7
32. 4
32.8
33.2
Italv
- - - - - .do
1.9
1.8
1.9
.9
Union of Soviet Socialist Republics _ _do
75. 1
84. 0
83. 2
82. 7
81.9
United Kingdom
_do
r
Revised.
' Less than $50,000.
{Revisions for individual months of 1960 and for Jan. 1961 will be shown later.
9 Includes data not shown separately.
^jSee similar note on p. S-21.
cfPata for semimanufactures reported as "special category, type 1" are included with
finished manufactures.
3.8
57.2
201. 4
26.4
367.3
241. 8
129.4
191.2
3.0
18.3
2.0
17.1
85.8
241. 9
29.2
376.9
292.7
123. 7
182.3
5.8
27.0
67.8
265.9
27.2
416. 3
326.0
141.6
207.2
61.7
242. 6
34. 2
362. 8
339.3
109.7
198.7
66.4
262. 6
31.9
365. 9
313.3
109. 1
186.1
51.1
266. 8
46. 7
361. 5
319. 7
109. 2
200.3
62.9
258.3
37.4
367.7
302.6
105. 1
207.0
58.2
256.5
36.3
417.9
325.4
111.9
231.7
60.7
262.2
45.3
419.9
338.9
129. 1
193.6
.9
1.1
28.6
.6
23.6
.4
23.3
25.0
.7
24.2
2.7
129.8
9.4
22.7
23.4
.9
20.6
2.9
128. 5
-9.8
23.9
33.2
1.2
20.7
3.2
123. 6
9.7
26.6
2.6
3.2
22.7
16.9
18.8
15. 6
3.9
33.6
19.5
16.2
19.1
22.9
28.8
20.3
.9
9
20.4
26.9
22.0
16.1
21.3
77. 8
12.4
15.5
103.9
21.6
106. 2
12.4
27. 1
113.7
12.9
37.4
116.7
12. 3
31.2
120.2
12.9
40.2
19.2
2. 7
131.9
35.6
.5
81. 3
39.0
33 2
.4
76.9
33.0
16.4
1.8
5.7
1.1
4.5
9.5
4.0
3.1
.8
2.3
1.4
3.0
9.9
32.6
36 5
32 0
36 7
31 0
36 5
2
2
.1
.2
.2
74. 1
75^9
80. 0
91.0
83.1
83^0
36.2
36. 3
43. 1
41.7
43.0
37.6
1.6
.9
1.2
1.2
.6
2.1
1.7
1.1
2.1
1.2
85.4
74. 5
82.4
93.7
79.1
84.9
95.8
96. 4
SO. 7
77.0
^Manufactures of tobacco are included in the nonagricultural products total.
§Excludes "special category, type 1" exports.
*New series. Data prior to Aug.
1960 may be obtained from Bureau of Census reports.
O Effective with the Apr. 1962
SURVEY, the import totals and appropriate components reflect revisions to include uranium
ore and concentrates. For certain recent months, the data by regions and countries exclude
imports unidentified by area of origin.
39 8
.1
76.3
31.3
1
56.9
227. 6
51. 5
398. 5
292.5
137. 8
220. 1
38 1
.2
80.7
37.5
34 7
SURVEY OF CUERENT BUSINESS
January 1963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
| 1961
Monthly
average
S-23
1962
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
June
May
July
Aug.
Sept.
Oct.
Nov.
Dec.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value}— Continued
General imports, by leading countries©— Con.
North and South America:
262.8
272.2
310.6
278.8
275.3
241.7
292.4
292.6
325.7
339.1
313.0
319.3
302.1
325.3
338.7
294.0
267.8
263.8
296.8
323.3
279.6
315.4
264.4
307.8
267.9
255.0
260.2
262.3
294.6
274.7
do
do
do
,
do
do
_ _____do
do
8.2
47.5
16.0
24.9
29.8
36.9
79.0
8.5
46.8
15.4
23.0
2.9
44.9
74.9
7.3
45.3
18.5
18.7
2.8
42.8
72.7
5.8
56.9
16.8
21.2
2.5
49.7
88.3
7.1
54.6
24.8
17.9
3.7
60.7
92.9
7.3
47.5
12.9
19.6
2.1
56. 4
77.5
9.6
40.0
22.2
18.5
.6
57.8
93.1
10.2
39.0
11.4
18.3
8.0
42.0
27.7
24.4
.2
59.1
79.1
9.7
35.1
19.6
20.4
0)
38 8
84.7
7.7
37.7
20.2
22.9
0)
36.0
66.2
9.0
44.2
4.9
29.7
0)
33.1
80.7
9.4
48.2
9.9
31.8
(i)
34.6
75.4
7.9
42.5
21.3
38.9
9.6
53.9
8.4
14.5
0
51 1
77. 1
Imports for consumption, total©
do
By economic classes:
Crude materials
do
Crude foodstuffs
do_
Mamifoctnred foodstuffs and beverages.-do
Semimanufactures
do
Finished manufactures.
do
By principal commodities:
Agricultural products, total 9 _
do
1,251.2
1,219.0
1,336.9
281.3
143. 4
130. 5
257. 6
438. 3
262.7
143.0
133. 5
257. 0
422.9
273.8
132.0
163. 0
289.6
478.6
271.8
148.8
131.2
275. 9
445.0
291 0
159. 8
125. 1
309. 5
468. 3
257 4
158 5
104. 2
260.2
427.5
281.2
146. 4
150.2
303.6
487.4
267.3
153. 9
133. 8
285.8
484.9
286 8
155.4
160.8
298.3
511.4
288 7
127. 1
144.3
269. 0
491.5
276 7
132. 5
150.7
279 5
489.0
301 2
130 l
147.8
^SO 7
504. 9
275
136
160.
268
504.
6
2
9
0
4
264 3
145 7
176. 3
276 4
561. 5
9<j(5 3
158 2
187.0
288 9
539 3
Latin American Republics, total 9
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Venezuela
_
.
.
do
0)
61.2
79.6
1,272.7 1, 353. 6 1,207.8 1, 368. 8 1, 325. 6 1,412.7 1, 320. 6
0)
42.0
80.4
1,328.4 1, 370. 7 1, 345. 0 1, 424. 1 1,469 7
318.6
307. 5
305.4
301.5
326.0
300.0
328.7
313.0
337.2
288.3
300.4
330. 3
313 0
333. 1
359 1
-do
do
do
do
do
11.9
83.6
26.8
42.3
16.4
13.3
80. 3
18.0
38. 1
16. 5
2.7
66.6
21.0
34.7
14.5
5.3
87. 2
21.7
34. 6
14.4
14.8
92.7
22.2
27.3
20.1
11. 1
94. 2
18 5
22. 5
18.0
12.4
75. 1
16.5
36.5
20.7
17.2
75.4
18 5
12.6
83.4
21 1
58.3
15.7
16.7
63 9
16 0
46 7
16.3
17.6
70 4
20 7
54 8
13.1
10.0
83 3
19 1
35 4
17.0
3.5
87 1
16 9
45 2
14.6
4.4
83.3
17 3
49 9
17.6
4.8
84 1
21 9
54 1
1 9. 4
do
932.5
911. 5
1,031.5
Furs and manufactures
do
Iron and steel products
do
Nonferrous ores, metals, and mfs. , total 9
9.1
44.2
8.4
37.7
7.4
51.9
21.0
39. 1
16.4
45.0
15.2
38.6
11.7
46.1
10. 5
43.9
89
56.6
95. 6
33.4
9.8
28.0
57.3
128.6
89.1
23.2
9.9
27.7
57.2
134.7
110.5
30.9
12.6
30.0
63.9
136.7
103. 2
22.8
13.2
27. 9
56.5
143.3
111.0
28.2
11.8
29. 0
55. 9
173.8
85.2
21.9
7.6
30. 9
48.5
139.7
100.1
25.6
12.9
30.1
56.0
153.4
101. 5
22.1
11.0
29.1
54.6
133.8
101.0
23.6
12.5
30.4
61.7
140.2
Cocoa (cacao) beans, incl. shells
Coffee
Rubber crude including guayule
Sugar '
Wool and mohair, unmanufactured
Nonagrictiltural products, total 9
Copper, incl. ore and manufactures. .do
Tin, including ore
do
Paper base stocks
do__ _
Newsprint
do
Petroleum and products
do
971. 2 1,027.6
16.1
907. 9 1, 040. 1 1, 012. 7 1,075.6 1, 032. 3 1, 027. 9 1.040.4 1, 032. 1 1,091.0 1,110.0
6 2
51.4
56
51.2
6 6
53.7
7 0
41.2
5 4
47.6
90.1 2 103. 9
24.0
21.6
89
84
30. 4
27 8
63 9
57 7
141.3 138 2
95.3
20.6
8 3
31 8
57 9
142 6
89.6
20.4
q 9
29 8
53 2
146 1
93.2
17.6
6 7
33 6
68 6
127 1
49^9
94.5
24.5
10 3
31 2
169 9
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Airlines
Scheduled domestic trunk carriers:
Financial operations (qtrly. avg. or total):
Operating revenues, total 9
mil. $._ 493.5
489.1
Transport, total 9
-do
30.0
Property. _. .
do_ _ _
11.7
U.S. mail
do_ —
484.6
Operating expenses fincl. depreciation).. do___
1.1
Net income (after taxes)
do
Operating results:
Miles flown (revenue)
thous._ 60, 419
31,718
Express and freight ton-miles
flown
do
11,066
Mail ton-miles
flown
do
3,854
Passengers originated (revenue)
do
Passenger-miles flown (revenue)
mil-- 2,450
Express Operations
Transportation revenues
Express privilege payments
Local Transit Lines
Fares, average cash rate§
Passengers carried (revenue)
Operating revenues (qtrly. avg. or total)
514. 8
509.6
524, 7
519.4
1
32.2
12.9
512.4
35.4
15.0
527. 5
d
8.0
* 6.0
57, 450
37, 131
12, 248
3,815
2,475
57, 563
42, 180
12, 570
3, 839
2,367
56, 501
44, 705
17 186
3, 786
2,537
thous. $__ 30, 705
10, 420
do
30, 737
9, 760
31, 867
10, 266
36, 493
11, 614
18.9
cents__
627
mil
mil. $._ 351.8
19.7
617
348.9
19. 7
615
368. 4
19.6
604
r
Class I Motor Carriers (Intercity)
Carriers of property (qtrly. avg. or total) :
4965
Number of reporting carriers
4 965
Operating revenues, total
mil. $__1, 212. 1 1, 234. 4
Expenses, total _
.
do
1,181.2 1, 185. 4
Freight carried (revenue)
..mil. tons 71.2
71.6
Carriers of passengers (qtrly. avg. or total):
Number of reporting carriers
* 141
*141
Operating revenues, total
mil. $ _ 115.4
120. 5
Expenses, total
do
100. 9
104.8
Passengers carried (revenue)
_
mil
57.2
56.3
Class I Railroads
Freight carloadings (AAR):cP
Total cars
Coal
Coke
Forest products.
_
_
Grain and grain products
thous..
do
do
do
do
2,537
443
34
r 162
232
2,382
424
29
156
237
2,312
434
31
146
213
597 4
488. 8 1
33.8
13.7
555 4
n3S.5
36.4
14.3
561 0
9.4
a 17. 0
59,724
39 436
12 695
3,973
2,621
54, 557
37 540
12 140
3,591
2,344
62, 745
45 587
14 360
4,107
2,677
61,754
43 381
13 422
4,296
2,746
19.8
613
19.8
554
20.0
619
340.7
60, 280
44 278
13 064
4, 286
2. 963
62, 820
46 614
14 046
4,145
2, 662
3
3
389,913
'26,277
20.0
610
20. 1
639
20.1
580
357.7
1,010
1, 278. 9
1 242 9
76 6
992
1, 350.
3
1 976 7
79 3
141
119 4
104. 3
57.3
142
104 8
99.8
51.2
141
132 7
112. 2
58 0
r 2, 613
r 525
39
169
r 269
2, 039
410
34
129
224
2,141
413
36
153
227
2,720
497
44
191
264
2,250
5 559 3
5 528 1
55, 689
39 734
11 851
3,710
2,660
2,339
2,885
97
90
1 57
196
185
248
62, 562
53 927
14 275
4,114
2,655
57, 630
49 346
r
3,871
2, 458
.:.:
~~
1 V -i8.7
394.066
27 924
3
20.1
538
20.2
561
20.2
571
20.2
638
20.3
608
2,043
2,300
2,852
2,429
2, 251
-i qo
91 (\
91 4
2 ^4
QQQ
33
147
206
58, 182
48 228
12 512
3,968
2,703
58, 283
47 556
12 978
4, 164
2,929
95,257
29 820
965
1,334.8
1,286.3
77.1
d
»• Revised.
Deficit.
i Less than $50,000.
2 Beginning
July 1962, includes
data for
3
4
refined bauxite (imports for 1961 totaled 5 $11.1 mil.).
Quarterly total.
Number of
carriers filing complete reports for 1961.
Excludes intra-Alaska and infra-Hawaii.
Digitized
FRASER
J Seefor
similar
note on p. S-22.
O See similar note on p. S-22.
9 Includes data not
shown separately.
543.3
12, 470
24. |
§Revised effective Jan. 1960 to reflect fares charged in U.S. cities with a 1960 population
of 25,000 or more; revisions for 1960 are shown in the Nov. 1961 SURVEY.
cf Data for Dec. 1961 and Mar., June, Sept. and Dec. 1962 cover 5 weeks; other months,
4 weeks.
S-24
January 1963
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
1962
1961
Dec.
Nov.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
1 Dec.
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION—Coniimied
Class I Railroads— Continued
Freight carloadings (A AR) c?1—- Continued
Livestock
thous__
Ore
do
Merchandise 1 c 1
do
Miscellaneous
do
Freight carloadings, seas. adj. indexes (Fed. R.):f
Total.
!_..„
.
1957-59=100.Coal
do -__
Coke
do
Forest products
do
Groin find grain products
do
Livestock
do__ _
Ore
- do
Merchandise, l.c.L. .. ,
do
Miscellaneous
do .
Financial operations:
Operating revenues total $
Freight
r . bfc ^er
mil $
do ___
.
Tav accruals and rents
"NT t 1
do
fnftp fqxp ^
do
17
85
117
1,399
13
62
88
1,079
11
62
96
1 , 142
17
89
125
1, 494
17
100
97
1,251
16
194
94
1,244
13
275
116
1,480
9
212
85
1.102
12
203
90
1.169
27
221
110
1, 486
36
152
90
1, 296
24
95
82
1 214
15
63
91
1 363
95
92
86
100
97
72
118
57
96
96
90
92
92
116
64
103
57
97
94
88
99
93
111
63
100
54
95
97
90
98
104
110
64
112
53
98
97
92
96
102
105
73
114
52
97
96
93
93
98
107
79
83
52
98
94
93
80
101
103
70
87
51
95
90
87
71
95
94
52
87
51
92
90
87
69
94
81
56
84
49
93
90
92
77
95
98
62
79
47
91
90
89
74
94
98
67
75
45
89
90
88
69
95
101
73
69
45
92
94
91
68
98
110
68
79
45
96
91
84
75
94
100
59
76
44
94
799. 6
681.1
47 2
607 1
121.0
71 5
57 7
770 8
626 4
60 3
614 *>
99. 5
57 2
69 6
2 295. 7
21,953.6
2
144 8
2
12 830 4
352.
8
2
112 6
2
66 0
152.8
1.360
4,943
148. 2
1 354
4, 460
22
184
151
1, 309
19
145
121
1,252
24
144
103
1,215
M)5
90
91
99
101
83
107
75
96
191
87
78
95
104
71
83
61
92
793.1
669. 0
53 4
630.5
113.8
48 8
37 1
765. 8
644 9
52.1
606.2
114.8
44.8
31 9
Operating results:
3
Freight carried 1 mile (qtrly )
Ml. ton-miles-. 3 147. 0 3 144. 5
1. 374
Revenue per ton-mile (ntrlv avg )
cents 3 1. 403
Passengers carried 1 mile, revenue (qtrly.)— mil- 35,315 3 5, 073
7
2
2
2,331.7
21,959.7
2
169 3
2
1,832.0
2
334, 9
2 164. 8
2, 407 9
2,2 046. 3
157 0
2
12 883 1
371
9
2
152 9
2 105 1
2
154. 6
1 352
5, 037
Waterway Traffic
Clearances, vessels in foreign trade:
Totalr U.S.
ports.
thous. net tons.. 13, 893
11,286
Fo ei2rn vessels
do
2,607
United States vessels
do
Panama Canal:
Total
In United States vessels
thous Ig. tons
do
Travel
Hotels:
\verag6 sale per occupied room
dollars
Rooms occupied
__ % of total. _
Restaurant sales index
same mo 1951 = 100
Foreign travel:
U ^ citizens * Arrivals
thous
Departures
do
\liens* Arrivals
do
Passport*5 issued and renewed
National parks visits
Pullman Co.:
i a. t eugcr ii e» v ,
;
-
do
do _ _
thorn ^
14, 073
11,411
2,662
14. 913
12, 005
2,908
13, 753
11,045
2,708
13, 971
11,400
2,571
12, 679
10, 161
2,518
13, 916
11,350
2,565
14, 045
11,329
2,716
13, 396
13, 143
3, 253
15, 957
12, 817
3,140
5, 206
1,080
5, 445
823
5,233
839
5,900
927
5. 465
865
5,290
855
6,200
976
6,103
832
6, 057
986
5, 684
828
5, 495
741
5. 167
830
4.932
720
4,889
896
5 177
1,013
9.15
65
115
9.23
62
112
9.72
63
109
8.81
49
111
9.00
61
109
9.17
63
114
8 87
63
123
9.67
64
108
9 00
64
125
9 64
63
116
8.75
54
107
9.60
60
106
9.66
64
111
10 14
69
111
9 8°
'59
106
169
167
108
89
71
2,217
174
168
111
93
71
2, 323
133
110
101
86
38
874
128
136
99
99
34
562
139
138
97
71
57
<557
145
158
86
68
185
175
112
86
93
^761
170
183
121
95
107
1, 357
178
183
129
100
125
1,981
204
304
130
129
114
4, 861
265
282
149
126
85
7, 554
333
52
1,920
44
-' 955
280
4,488
254
4,192
220
3, 615
269
4, 432
696.5
392. 6
236.5
418.3
116. 6
65.0
740. 7
414. 4
252.0
441.4
126.6
67.6
762. 9
424.4
259.3
452. 3
131.5
67.3
771. 6
428.8
264.4
459.1
134.5
67.6
776. 9
430.8
267.8
461.4
131.1
67.9
749.5
426.7
244.0
439.2
127.9
68.1
790.6
432.9
278.3
470.6
132. 1
68.4
783. 3
435. 4
267. 4
458. 5
135.4
68. 6
796.8
438.8
278.0
475.1
134.5
68.9
791.1
439. 7
269.1
458.8
138. 3
69.0
786. 3
436. 2
268. 5
461. 8
135. 1
69.4
810. 6
440.7
285. 8
473.5
141.1
69.6
782.6
441.1
256.8
458. 7
134. 7
70.0
816.7
452.1
280.6
487.8
•176.6
70.3
21, 864
19 495
1,300
22, 144
20,004
1,029
21, 483
19, 878
797
22, 411
20,074
1,770
22, 093
20, 106
598
21, 220
18,795
455
22, 649
20, 202
971
21, 989
19, 614
1,013
23,011
20, 762
861
22, 366
20, 389
659
21, 259
20,d 854
828
22, 748
20, 996
600
20, 893
19, 703
214
22, 779
20, 564
1,240
3,014
2, 470
225
3,023
2, 452
240
3,083
2,406
351
3,186
2,113
723
3,276
2,582
344
2,893
2,517
69
3, 220
2,594
312
2.883
2, 463
96
3,145
2, 581
257
2, 902
2, 444
161
2, 950
2, 623
d
5
3.031
2, 534
191
2,786
2,470
20
3,169
2,612
243
4 224
3 324
747
4,471
3 443
866
4,531
3 467
892
4,731
3,711
845
4, 632
3, 534
928
4,342
3 361
810
4,821
3,614
1, 005
4. 460
3, 536
739
4,808
3,699
919
4,719
3,734
801
4, 607
3,697
726
4, 684
3,743
761
4, 524
3,626
706
5,101
3,872
1,036
61
^ 693
2
4
4
2
770
12, 873
4
2
4
8 90
_ _ .47
109
159
r4
72
7, 573
2
707
11,694
4
2
57
3, 288
4
4
40
635
2
793
13, 035
COMMUNICATIONS
Telephone carriers:
Operating revenues $
mil $
Station revenues
do
Tolls message
do
Operating expenses (before taxes)
do
Net operating income O
do
Phones in service end of vear or mo
mil
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues
-- thous. $_
Net operating revenues
Ocean- cable:
Operating revenues
Operating expenses incl depreciation
do
. do
do
Radiotelegraph:
O
f
or°p^ inp] denrpoiation
Net operating revenues
dr
do
|
j
j
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:'!
\cetylene
mil. cu.ffc
Ammonia, synthetic anhydrous (commercial)
thous. sh. tons..
Carbon dioxide liouid ""as and solid
do
Chlorine, gas
do
968
1,115
1, 135
989
1,061
1,159
1,102
1, 133
1,066
1,105
1, 089
1, 128
1,092
401.5 ' 433. 9
76.0
74.8
386.4 ' 383. 3
435.4
69.3
411.4
r 439. 7
65. 8
416.8
70. 2
405.8
429.4
63.3
381.9
494.8
73.5
437. 5
508.3
75.4
423. 1
510. 7
96.9
432.8
496.0
100. 6
427. 5
471.1
464.2
107. 8
441.1
<• 470. 5
'92.1
428.2
489.1
89.8
444.9
79.0
80.8 '75.8 r 85. 4 ' 83. 6
Hydrochloric acid (100% HC1).
do....
296. 5
298.8 «• 307. 6
276.3 '281.6
Nitric acid (100% HNOs)
do
6,
555
8,060
7,360
7,667
4,832
Oxygen (high Durity)
mil cu ft
r
r
186. 8 ' 184. 9 202. 0
Phosphoric acid (100% 1*265)
thous. sh. tons.. 173. 9 ' 187. 8
r
2
3Quar terly ave rage,
^uarterb7 total,
Revised.
1 Based on unadjusted data.
196$I (new b asis),
< Effective Jan. 1962, data reflect redefinition of vis its to on e park: Jan.
(
1
)62,
data include cItian62,600 visits; Jan. 1961 (old basis), 18,600 visits.
« 3eginnin g Feb.
dft T\fif ?™-4titles for 14 plants not previously reporting.
a See note O.
Deficit.
cTData for Dec. 1961 and Mar., June, Sept, and Dec, 1962 cover 5 weeks.
tRevised effective with the Dec. 1961 SURVEY to incorporate the 1957-59 comparison
http://fraser.stlouisfed.org/
78.9
289.8
s 8, 255
185.6
Federal Reserve Bank of St. Louis
1,012
r 418. 3
105.7
438.9
89.1
91.0
90.4
89.9
89.1
89.6
'90.0
92.5
292.3
277.9
278.0
299.7
300.9
305.9
303. 7
314.7
7,782
9,161
8,083
7,433
8,800
8,577
8,103
8,129
195.0
232.5
212.2
209.4
188.4
177.5
195.5
210.3
basep eriodj, as well as n ew weigl its and s(jasonal fsictors. 1Monthly indexes f or total loadings
(1919- 50) apper rin the Dec. 1961 Fed. Re s. Bulleti n; indexe,s for sep arate clas>ses prior to Oct.
1960 a re availalDie from the Boar 1 ol Qovernors, F ed. Res. Wash. 5 5, D.O.
n
„
r\ Figure for
r»v. r\nt 1
Includes data not shown separately.
O
Oct. 1962 reflects adjustment of
Federal income taxes for 10 months of 1962 occasioned by the Revenue Act of 1962.
i Scattered revisions for 1959,1960, and Jan.-Oct. 1961 are available upon request.
SUEVEY OF CURRENT BUSINESS
January 1963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
S-25
1961
1962
Dec.
Nov.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
378 4
9 5
451 2
391 4
11.1
474 6
Nov.
Dec.
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Inorganic chemicals, production:!— Continued
Sodium carbonate (soda ash), synthetic (58%
379.8 376.4 410 2 388 9 382 4 368 6 400 7 394 1 404 1 400.4 368 3 390 4
Na2O)
thous sh. tons
10.2
11.5
9.6
Sodium bichromate and chromate
do
10.1
10.8
10.2
10.8
11.1
10.8
'10.5
10.5
11.0
414.3 ' 409. 5 '434 0 ' 442. 6 423. 1 403. 2 466.3 454.9 464.3 459.9 467.1 469.7
Sodium hydroxide (100% NaOH)
do
Sodium silicate (soluble silicate glass), anhydrous
r
thous. sh. tons.. 41.4
40.6
51.6
42.7
36.8
43.5
55.1
44.8
'43.8
46.5
47.8
58. 5
Sodium sulfates (anhydrous, refined; Glauber's
106.2
106.5
94.2
95.9
salt: crude salt cake)
thous. sh. tons.. 89.4 '94.6 '105.3 r 107. 8 102.3
97.7
113.7
100. 6
Sulfuric acid (100% IIjSOO
do _. 1,490.3 1,487.3 1 556 9 1,597 3 1 640 4 1 535 6 1,725 6 1, 675. 9 1,692 3 1,502.3 1,438.4 1 499 9
Organic chemicals:^
Acetic acid (synthetic and natural), production
mil.lb..
Acetic anhydride, production
.__ do
Acetylsalicylic acid (aspirin) ,production.. .do
'42 3
53.7
99 2
103. 5
1 698 1
63.7
91.3
2.0
65.3
105.0
1.9
74.0
106 1
2.1
76.8
117.3
83.7
96.5
2.0
72.5
93.5
2.3
75.0
106. 4
2.5
75.2
102.2
2.1
85.6
105.0
2.4
79.4
107.4
2.0
77.2
101. 5
1.8
86.1
103.9
2.3
81 1
108 8
2 1
79.5
105 1
2.5
Alcohol, ethyl:
Production
Stocks end of month
Used for denaturation
Taxable withdrawals
. mil. proof gal. . 1 54. 2
do. _ i 130.3
45.2
_
do
i 5.3
do
52. 1
138.6
43.2
5.1
56
138
42
6
4
8
5
0
55.3
141. 1
43.7
4 2
53.7
145 9
43.9
4 3
47.8
148 7
42 7
4 5
53. 3
147 7
45 6
5 4
52. 1
153 1
40.8
4 8
50
151
44
5
3
4
6
5
50.4
154. 1
42.7
5 4
49.3
158.1
39.1
4.4
45.5
157. 6
41.5
5. 1
49.5
147 1
40.0
5 7
65
150
43
7
Alcohol, denatured:
Production
Consumption (withdrawals)
Stocks end of month
. mil. wine gal_.
do
do
24.2
24.3
4.4
23.4
23.4
6.2
23 5
23 0
5 9
23.5
24.2
5. 2
23.7
23.6
54
23 0
23.4
5 0
24 5
23.9
5 6
21.7
21.4
5. 7
24 0
24.8
50
22.9
23.9
4. 1
21.1
21.3
3.8
22.4
24.0
2.2
21 5
21.4
2 3
23 8
mil. gal.
..mil. lb__
do
7.7
13.7
8.9
7.3
14.3
8.5
7 4
13.0
12 8
6.4
12.9
7.3
61
10.3
96
81
13 2
39
5 1
13 9
9 8
8.6
12.1
7. 3
8 0
14 5
7 9
7.7
13.4
12.4
7.2
16.1
5.2
8.1
15.7
9.0
78
14 0
6 6
7 9
15 5
7 6
7. 5
14.7
10. 7
108.1
Ethvlene glycol, production
do
156.0
Formaldehyde (37% HCHO), production. .do
Glycerin, refined, all grades:
24.2
Production
_ _ -. do__ _
27.4
Stocks end of month
do
M ethanol , production:
2
Natural
mil. gal_.
24.7
Synthotic
do
Phthalic anhydride, production
mil. lb_. 33.4
98.6
146. 0
95 2
162.4
97.3
156. 6
91 3
155.8
80 8
157. 2
87 9
163.5
88 8
165. 3
9S 4
172.2
103.6
164.1
119 1
150.2
122. 0
169. 0
106 4
166.0
112 9
188.3
114.4
179. 0
22.4
34.3
24.6
34.0
24.0
38.4
20. 9
35.2
21.0
36.4
21 2
35.2
21 2
36. \
18.8
33.7
21.1
35.4
17.8
32.3
21.1
30.8
18 3
27 8
19 9
';5 8
23.0
30.5
.1
25. 6
31.7
.1
28.5
28.0
.1
27.7
30.9
.1
26.4
28.7
.1
25. 5
25.6
.1
29.0
30.2
.1
27.9
33.7
.1
28.0
31.5
.1
26.5
33.3
.1
29.8
33.6
.8
28. 3
33.2
0
28 2
34 8
5
29. 2
36 1
27.9
35.8
Creosote oil production
DDT production
Ethyl acetate (85%) production
99.5
2.7
5
7
5
7
2 1
FERTILIZERS
do
do
do
do
562
43
436
68
539
31
429
65
540
6?
411
57
605
47
440
100
680
71
511
89
541
114
347
76
486
52
352
74
684
128
464
76
635
98
466
58
543
24
444
47
563
10
428
99
699
60
547
82
653
51
504
66
698
74
547
68
565
86
397
63
do
do
do
__ do
do
207
105
30
12
36
2°7
123
41
13
36
216
106
1 56
87
26
12
14
261
128
50
15
70
259
131
37
12
73
306
157
28
;:97
287
186
55
14
10
194
128
50
13
10
229
2133
33
24
99
199
84
20
19
49
°32
215
110
27
20
43
232
92
29
14
57
280
69
24
59
181
173
104
159
302
117
232
365
258
60
123
226
J42
223
346
228
415
236
480
230
519
238
527
220
509
249
446
248
302
255
253
201
316
170
382
202
416
°07
418
' 241
' -126
253
480
177
So, 296
144
79, 679
114
75, 118
76 616
53
81 058
133. 6
73.8
59.8
109. 7
58. 4
51.3
129. 2
69. 9
59.3
123.9
69 9
64. 0
151 2
85 0
66. 2
166. 6
100.7
65. 9
186. 1
112 3
73.8
177.8
107.3
70.5
163. 5
103 3
GO. 2
177. 6
111. 3
66.3
152 7
92 5
60. 2
156.5
88.6
67.9
134. 3
72.8
01. 5
519
4, 307
550
4.814
516
4, 863
476
4, 890
491
4 830
446
4,779
474
4, 761
467
4, 751
473
4, 777
514
4,818
499
4 862
512
4, 897
499
4,872
6. 3 ]
7. 7 i 12 S
.1
12 3
15 6
13 2
14 2
14 2
11.3
12 9
13.0
14 2
53.2
59. 8
105 6
40. 1
53. 8
105 5
38.8
61. 1
113 2
41.9
59.6
107 3
41.5
48.9
94.7
33.2
60. 1
102 3
40. 7
57. 9
105 1
42. 0
61. 4
107 3
44. 1
133 9
138 9
49 '-$
Exports total?
Nitrogenous materials
Phosphate materials
Potash materials.
Imports total 9
Nitrogenous materials, total 9 Nitrate of soda
Phosphate materials
_
Potash materials
_ __
Potash deliveries (TCjO)
do
Superphosphate and other phosphatic fertilizers
(100% P205)-.1I
Production
thous. sh. tons..
Stocks, end of month
__ _
do
9
18
')'>
93
71
MISCELLANEOUS PRODUCTS
Explosives (industrial),r shipments:
128
127
Black bltisting powde
thous Ib
82, 026 82, 424
lligh explosives
do
Paints, varnish, and lacquer, factory shipments: f
Total shipments
mil. $ - 147.0 145. 8
85.3 4 86. 5
Trade products
do
61. 7 * 59. 3
Industrial
do _.
7 finishes
Sulfur, nath e (Fraseh) and recovered:!
476
519
Production_ _
-thous. Ig. tons. .
3, 826
4, 098
Stocks (producer^') end of month
do
83
62
35
91, 583 101 886 100 792
3
'A 379
300 657
SYNTHETIC PLASTICS AND RESIN
MATERIALS
Production:©
Cellulose acetate and mixed ester plastics:
Sheets rods and tubes
mil. Ib
Molding and extrusion materials
do
Nitrocellulose sheets, rods, and tubes _ do _..
4.2
7.6
.1
4.8
7. 5
.1
5. 2
8. 6
.1
do
do
_ do
49.3
82 1
29.8
51.0
88 8
'33.3
54. 6
92 7
36.0
52 5
<)o q
32. 2
5 58 0
5 99 o
s 39. 2
do
do
do
100. 2
46 4
11.8
105. 0
45 1
12. 3
110.9
34 4
12.5
108. 5
31 0
U3 3
37 0
in o
131 3
43 6
122 4
35 4
49 8
130 6
47 o
131. 1
46 1
1 16. 3
40 2
131 9
44 3
r 3X 1
Polyester resins
do
Polyethylene resins
do
Miscellaneous (inch protective coatings) .do
15.8
16. 1
133. 9
41.5
15.5
148.4
43.4
13.3
153.2
41.8
15 9
mo
15 5
156.9
17 9
167. 0
18 7
166.7
20 2
170.9
18 6
170. 6
13 8
172. 7
30.' 4
IS 3
170. 8
170. 1
Phenolic and other tar acid resins
Polystyrene
Urea and melamine resins
Vinyl resins
\lkyd resins
Rosin modifications
_ _
_
q y
T
2
Revised. l Average for July-Dec.
Beginning July 1962,4excludes ammonium
phosphate formerly Included.
2 Data are for July-Sept, quarter.
Beginning Jan. 1961,
trade sales of lacquers (formerly shown with industrial finishes) are included under trade
products.
'-Beginning Jan. 1962, data include protective coatings (formerly excluded),
amounts of these for Jan. 1962 are as follows (mil. Ib.): Phenolic, 2.5 (incl. some rosin modifications no longer shown separately); polystyrene, 6.0; urea, etc., 3.8.
JSee similar note on p. S-24.
c?Data (except for alcohol) are reported on the basis of
100% content of the specified material unless otherwise indicated.
38. 9
r
1") 1
18 6
176.6
Q Includes data not shown separately. ^Revisions for 1960-Apr. 1961 for superphosphate
and for .Kn.-Alar. iS-fil for
paints, etc., will be shown later.
fRe\ ised effective wit1! the Jan. 1962 SURVEY to include recovered sulfur.
(BBecnnning Jniy 196], data are not strictly comparable with those for earlier periods
because of the m^lusi-m i f companies formerly not reporting; monthly averages are based on
reported annual rotah-.
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
January 1963
1961
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total O
mil. kw.-hr..
Electric utilities, total
do__ .
By fuels
do
By waterpower
do_- Privately and municipally owned utll
Other producers (publicly owned)
Industrial establishments, total*
By fuels
By waterpower
-Sales to ultimate customers, total (EEI)§
Commercial and industrial:
Small light and power.
Large light and power
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental
--
70, 135
62, 779
50,653
12, 126
73,211
65, 998
53, 348
12, 650
74, 222
66. 669
54, 806
11, 863
78, 419
70, 878
57, 147
13, 731
80, 913
73,123
58, 823
14, 301
72, 047
64, 777
51, 435
13, 342
78, 646
70, 719
54,562
16,157
73, 528
65, 873
49, 873
16, 001
78, 071
70. 241
55, 020
15, 221
77,819
70, 164
56, 397
13, 767
80,322
72, 933
59, 479
13, 453
84,093
76, 439
63, 226
13, 213
77, 018
69, 680
57, 695
11,985
79, 784
72, 002
58, 926
13, 076
78, 109
70, 656
57, 099
13, 557
do
do
51,294
11, 486
53, 624
12, 374
54, 080
12, 590
57, 407
13,471
59, 437
13, 687
52, 733
12, 044
56,725
13, 994
53, 103
12, 770
57, 053
13, 188
57, 260
12, 904
59, 281
13, 651
62, 424
14, 015
56, 774
12,906
59, 150
12, 853
57, 452
13,205
do
do
do
7, 356
7,055
301
7,213
6,932
281
7,552
7, 285
267
7,541
7,246
295
7, 790
7,479
311
7,270
6,982
288
7,927
7,604
323
7,654
7,318
336
7,829
7, 507
322
7,655
7,373
282
7,390
7,143
247
7,654
7,405
249
7,338
7, 106
233
7,782
7,496
286
7,452
7,163
290
do
56, 933
60, 061
60, 306
62, 293
65, 428
63, 520
64, 151
62, 143
62,216
64, 056
65, 184
67, 269
66, 917
64, 913
do
do
9, 567
28, 733
11,239
28,952
11,234
29, 563
11,270
29, 627
11,270
30, 156
11,111 11,214
29, 230 30, 736
10, 958
30, 384
11, 273
31, 443
12, 475
31, 527
13, 102
31, 197
13,418
32, 285
13,354
32, 092
12, 268
32, 215
do
do
do
do
do
398
16, 367
510
1,304
55
390
17,418
564
1,370
i 128
385
16, 913
649
1,432
130
443
18, 712
682
1,437
122
455
21,213
741
1,468
120
425
20, 495
620
1,529
109
433
19, 616
620
1,461
71
391
18, 308
574
1,443
84
363
17,006
540
1,489
103
355
17, 513
515
1,564
106
350
18, 364
524
1, 528
119
360
18, 978
566
1, 535
128
347
18,879
601
1,534
111
375
17,714
651
1,577
112
959.6 1,014.1
1,013.9
1,043.4 1, 091. 7 1,073.6 1, 071. 7 1,041.6 1, 040. 5 1,079.7 1, 102. 6 1, 125. 9 1,128.3 1,089.8
Revenue from sales to ultimate customers (Edison
Electric Institute) §
mil.$-.
GAS
Manufactured and mixed gas (quarterly ):tcf
Customers, end of quarter, total 9
thous.Re^idential
do
Industrial and commercial
do
2,374
2,218
155
2,071
1,937
133
2,062
1,930
131
2,073
1,940
133
2, 056
1,924
131
1,987
1,862
124
568
403
162
563
401
158
520
364
152
964
748
208
484
324
158
287
155
130
74.4
57.2
16.9
70.7
54.4
15.9
65.3
49.8
15 1
114.0
91.5
21.8
60.9
45.7
15.0
37.3
25.6
11.7
30, 554
28, 087
2,430
31, 661
29, 093
2, 533
32, 294
29, 636
2,621
32, 301
29, 634
2,630
32 199
29, 606
2 556
32 290
29, 728
2 524
mil. therms- - 22, 636
7,558
do
13, 907
do
23, 397
7, 894
14,272
23, 976
7,781
14, 858
33, 534
15, 705
16, 358
22 557
6,852
14, 649
17 964
2,795
14, 030
Revenue from sales to consumers, total 9 —mil. $. 1,326.6 1,424.7
734.9
787.8
Residential
do
553.8
595 1
1,454.7
784. 8
825 1
2, 266. 1
1,432.7
783.5
1, 362. 6
720.7
606 3
934.4
375.5
523 4
Sales to consumers, total 9
Residential
Industrial and commercial
mil. therms-do
do
Revenue from sales to consumers, total 9
Residential
Industrial and commercial
Natural gas (quarterly) :tcf
Customers end of quarter total 9
Residential
Industrial and commercial
Sales to consumers, total9
Residential
Industrial and commercial
mil.$~
do -do
thous
do
do
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
7.78
Production _
_ .
mil. bbl_
7.33
Taxable withdrawals
do
10.37
Stocks end of month
do
Distilled spirits (total) :
Production
mil. tax gal 2 13. 27
Consumption, apparent, for beverage purposes
19 56
ir 11 wine gal
Taxable withdrawals
. mil. tax gal 29.90
Storks, eri^ of mouth
c\a
2 835. 02
Imports
mil. proof gal
3.10
Whisky:
12.41
Production
_
mil. tax gal
6.84
Taxable withdrawals
do
Stocks, end of month
do _. 806. 44
2.75
Imports
mil proof gal
7.92
7.42
10 61
6.52
6. 60
9.87
15.06
19.53
20 12
25 35
10.04 12. 41
859. 63 868. 39
3.26
5.35
11.85
7 08
835. 99
2 87
15.73
9.39
844. 23
4.75
6.43
6.48
9 42
6.99
6.13
9 86
16.43
8.30
7.33
10.66
8.35
7.46
11.07
15. 41
9.76
9.06
11.20
9.96
9.19
11.39
9.90
9.22
11 49
9.06
9. 18
10 80
7.38
7.42
10 29
7.41
7. 17
10 07
6.43
6 50
6 75
9 38
15.88
15,32
13.16
15.94
12.69
8.34
10.17
14.84
16 91
28 32
8.58
8. 08
874 59 879. 71
2. 75
17.07
8.65
883. 95
2.76
20.63 18.62
10.41
9.38
886. 45 885.90
3.07
3.07
21.14
10.86
890. 66
3.55
20 40
10.66
890. 08
2.92
18 67
20 41
8.29
9.82
886 81 r882 85
2.90
3.28
19.40
10.70
879. 54
4.06
23 81
14.62
875. 83
5.29
5.45
13.43
6 02
855. 92
2 46
12.76
6.35
860. 19
2.41
12.10
7.30
862. 66
2.71
10.28
6.44
862. 36
2.70
12.13
7.03
867. 51
3.09
8.83
6.54
867. 55
2.55
3.42
5 02
864. 49
2 57
5.32
6 58
861. 04
2 88
6.16
7.82
856. 98
3 58
8.71
11.06
851. 27
4.75
4 81
5.87
4 49
7.38
5.59
6.21
4.48
7.54
5.44
7.21
5 27
5.62
4 12
6.78
4 83
7.51
5.60
10.69
8 29
.50
20
2.51
.05
.42
.25
2.67
.06
.35
.22
2.76
.07
.49
.30
2.93
.08
.46
.26
3.10
.05
.16
19
3.06
.06
.37
25
3 15
.06
.32
.35
3.08
.09
.36
.50
2.91
.15
.16
2.70
11 11
187. 44
.88
2.53
14 33
172. 67
1.03
2.15
12 10
164.41
1.06
2.67
11.93
150. 96
1.31
1.67
11 72
141. 87
.88
1.07
9 16
131. 76
.78
6.15 * 59. 71 86.89
12.14
15 02
12 28
123 99 173. 62 241.60
1.01
1.24
.92
1.60
13.58
5 79
850. 13
3 35
Rectified spirits and wines, production, total
8.74
6.97
5.88
mil. proof gal _
7.05
6. 02
Whisky
do
5 39
6 71
4 08
4 49
5 32
Wines and distilling materials:
Effervescent wines:
.33
.33
.32
.34
Production
mil. wine gal-.38
Taxable withdrawals
do
.28
55
27
49
31
Stocks, end of month
do
2.45
2.35
2.23
2 64
2 20
Imports _.
_
do _..17
.05
.08
. 12
.08
Still wines:
13.82
10.45
3.28
Production
do
14.00
4.60
12.44
14.47
12 22
Taxable withdrawals
do
13 53
12 98
Stocks, end of month
do
176. 11 175 86 220. 13 209 50 194 33
Imports
do
.82
1.38
1.00
.93
1.00
Distilling materials produced at wineries-.-do
27.57 27.61 35.56
••Revised.
i Beginning Mar. 1961, data include sales not previously reported.
3
Average for July-Dec.
©Revisions for Jan .-Nov. 1960 are available upon request.
§ Includes data for Alaska and Hawaii.
6.42
5.75
10.16
11.92
9.68
4.08
1.58
1.47
1.43
2.56
1.70
19.66 139. 50 144.34
t Revised data for 1st and 2d qtr. of 1961 will be shown later. Data for manufactured and
mixed gas include Hawaii beginning 1960; for natural gas, Alaska beginning 1961.
c?The 1960 and 1961 averages shown for gas are quarterly averages,
9 Includes data not shown separately.
January 1963
SUKVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1960
and descriotive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
1962
1961
Nov.
S-27
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
105. 3
344. 8
.590
320.5
.589
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter, creamery:
Production (factory)}
Stocks, cold storage, end of month
Price, wholesale, 92-score (N.Y.)
Cheese:
Production (factory), total}
American, whole milk}
mil. Ib
do __
$ per lb_.
114.4
106.5
.599
123.7
181.5
.612
109.9
223.7
.611
126.1
224.8
.611
144.2
239.0
.610
133. 0
260.0
.610
150. 3
303.1
.609
147.5
345.4
.586
166.7
386.9
.586
152.6
429.4
.584
122.4
469.0
.588
104.3
456.4
.590
92.4
423.5
.596
106.7
384.2
.587
mil. lb._
_ do
123.2
83.0
135. 9
95.4
111.1
71.6
120.6
77.1
117.2
77.6
111.4
74.1
127.1
85.6
139.1
98.6
167.5
126.4
168.0
126.5
145.5
107.3
131.0
93.8
118.9
82.7
119.1
78.7
316.8 429.8
Stocks, cold storage, end of month, total . do _
277.3 379.5
American, whole milk ....
do
5.3
6.3
Imports
do
Price, wholesale, American, single daisies (Chi.414
.409
cago)
$perlb__
Condensed and evaporated milk:
Production, case goods:}
5.7
5.8
Condensed (sweetened)
_
.mil. Ib
181.4 176.5
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of mo.:
5.5
6.0
Condensed (sweetened)
mil. Ib
235.9 243.6
Evaporated (unsweetened)
do
Exports:
3.5
3.9
Condensed (sweetened)
do
8.4
7.6
Evaporated (unsweetened)
do
Price, manufacturers' average selling:
6.30
Evaporated (unsweetened)
$ per case_. 6.34
Fluid milk:
10, 234 10, 455
Production on farms
mil Ib
3,969
4,267
Utilization in mfd dairy productscT
do
4.21
4.22
Price, wholesale, U.S. average
$ per 100 lb._
Dry milk:
Production:}
8.2
6.8
Drv whole milk
mil Ib
151.6
167.8
Nonfat dry milk (human food)
do
Stocks, manufacturers', end of month:
6.4
6.4
Drv whole milk
do
121.5
136.6
Nonfat dry milk (human food)
do
Exports:
o Q
1.5
Drv whole milk
do
16.6
21.0
Nonfat dry milk (human food)
do
Price, manufacturers' average selling, nonfat dry
.137
.154
milk (human food)
$ per Ib
GRAIN AND GRAIN PRODUCTS
90.5
Exports (barley, corn, oats, rye, wheat) --.mil. bu_. 78.0
470.6
421.5
8.1
472.9
419.9
6.9
456. 8
405.9
5.9
432.8
382.8
5.9
417.2
367.8
6.0
441.0
390.8
6.4
460.1
416.2
7.8
495.4
452.9
6.1
526. 6
483. 8
4.5
520.5
481.8
5.1
493.1
457.1
5.8
454.9
421.4
5.6
.414
.410
.410
.410
.402
.394
.392
.392
.392
.392
.392
5.2
117.2
5.4
125.6
5.9
117.7
5.6
118.2
4.4
149.4
5.2
177.3
8.3
225.5
6.8
215.0
7.2
188.5
6.7
171.5
5.4
282.6
5.6
225. 1
4.6
162.6
4.0
106.3
4.3
66.1
6.2
96.9
6.2
162.4
3.7
218.6
4.3
256. 9
4.4
3.7
3.9
2.6
3.0
5.6
3.9
10.9
4.2
4.6
.4
2.4
4.7
2.5
5.9
6.3
4.0
5.4
..
Barley:
Production (crop estimate)
do — 1431.3
Stocks (domestic), end of quarter, total
do
On farms
. .
.- do
Off farms
do
Exports including malt§
. _
do
Prices, wholesale (Minneapolis):
No 2 malting
$ per bu
No 3, straight
.
_- do
r
3 166. 8
3 144. 3
7.8
1.14
1.06
1.31
1.23
i 3, 626
13.1
r
mil bu 33,090 s 3, 246
31,709 3 1,784
On farina
do
31,381 3 1, 463
Off farms
do
18.6
24. 5
Exports, including meal and
flour
do
Prices, wholesale:
1.13
1.11
No. 3, yellow (Chicago)
...$ per bu__
1.07
1.00
Weighted avg., 5 markets, all grades
do
Stocks (domestic), end of quarter, total
Off farms
mil bu
do
do.. _
Exports, including oatmeal
_.do
Price, wholesale, No. 3, white (Chicago)
$perbu__
11,155
ri
3
.408
.409
5.9
140.3
7.8
143.0
7.2
134.0
4.8
271.3
5.6
262.7
5.7
229.1
6.5
174.2
4.1
6.1
2.5
2.6
5.6
9.6
5.9
7.4
6.29
6.29
6.29
6.28
6.16
6.07
6.03
6.02
6.03
6.05
6.05
6.05
10,118
4,415
4.39
9,629
4,109
4.29
11,101
4, 684
4.16
11, 340
4,809
3.88
12, 533
5, 609
3.76
12, 003
5,275
3.71
10, 977
4,349
3.86
10, 244
3,797
4.03
9,683
3,370
4.22
9,771
3,674
4.34
9,314
3,541
4.40
7.6
136.3
7.3
169.4
8.0
184.5
5.6
177.4
6.4
203.8
7.5
214.3
253.0
236.5
182.1
148.4
6.0
127.5
5.9
136.0
6.8
140.5
6.0
116.9
7.3
132. 5
8.2
126.7
7.7
131.0
6.1
128.4
6.6
128.3
7.4
155.7
7.7
168.7
7.6
142.1
6.1
118.0
4.2
102.9
4.9
86.6
4.6
83.6
.6
29.9
1.1
12.3
.8
21.5
.6
18.7
.4
40.5
1.5
18.9
1.0
25.2
2.2
31.6
.6
30.0
1.9
20.9
1.3
22.6
1.8
20.8
.2
25.3
.160
.162
.162
.161
.161
.147
.142
.142
.142
.142
1.43
1.42
1.44
104. 1
100.5
85.1
116.0
103.6
101.3
128.3
110.9
86.2
90.3
87.8
74.0
83.1
6.0
333.7
179.4
154. 3
5.3
5.3
1.46
1.40
1.43
1.37
1.47
1.42
13.6
11.9
13.2
32.3
4, 495
3.022
1, 473
34.3
1.10
1.09
LOS
1.08
4
16.5
123. 0
447.2
475.8
10.2
4.7
1.26
1.21
1.22
1.18
1.19
1.14
14.8
14.8
14.2
36.3
42.1
2,474
1, 551
924
39.4
33.4
1.12
1.08
1. 15
1.11
1.14
1.11
1.12
1.10
9.9
215. 7
98.0
117 8
8.5
9.2
1.41
1.35
1.39
1.33
1.34
1.28
12.7
14.7
14.9
35.6
43.3
3, 386
2 149
1 ?36
37. 3
1.08
1.04
1.07
1.01
1.11
1.06
5.3
9.9
6.6
1.16
1.09
1.13
1.07
1.20
1.13
1.20
1.14
1.17
1.12
15.7
13.9
15. 3
14.1
2 3, 644
12.9
32.8
1,613
4
537
1 075
22.9
24.9
41.8
1.10
1.07
1.11
1 . 09
1.10
1.10
1.07
1.06
4
4
1.7
1.0
.71
5.67
.71
495
432
80
381
<277
4 '^ 29
*48
63
.2
.2
.2
.2
4.6
6.4
2.2
5.1
5.0
2.6
2.5
.70
.65
.70
.72
.73
.69
.65
.64
.67
.65
.72
167
78
174
109
225
172
162
110
121
110
100
68
73
80
74
37
68
53
57
43
177
39
157
76
.3
(6)
1, 032
974
865
109
i 54. 2
110
71
1.12
1.14
2
775
695
429. 5
448 0
277 8
170 2
6.6
1,011
2.9
r
9,796
P4.31
2
.77
2 64. 5
95
95
104
102
126
133
107
119
92
90
56
67
45
35
111
140
317
209
486
253
242
285
169
264
228
296
100
282
54
222
25
212
30
187
22
207
437
179
1,267
269
1,272
345
494
342
826
148
«.086
1,485
139
.090
1,378
255
.093
1,237
280
.095
1,102
186
.098
905
238
.098
732
231
.098
550
223
.098
391
183
.098
208
145
.096
321
86
.088
885
133
.088
1,383
185
'.090
1,374
211
p . 090
1.29
14.6
1.25
1.25
1.21
47 9
1.24
1.16
1.14
31.8
1.17
1.16
Rye:
Production (crop estimate)
mil. bu.. 133.1 ' i 27. 5
321.6 320.9
Stocks (domestic), end of quarter, total
do
19.3
Price, wholesale, No. 2 (Minneapolis). ..$ per bu.. 1.13 5 1.20
1.31
1.32
1.31
r
Revised.
* Preliminary.
2
3
* Crop estimate for the year.
Dec. 1 estimate of the 1962 crop.
Quarterly average.
4
Old crop only; new crop not reported until beginning of new crop year (July for barley,
oats, rye, and wheat; Oct. for corn).
» Average based on months for which quotations are
available.
« N o quotation.
.406
9,772
4,064
4.45
3657
3 576
Rice:
Production (crop estimate)...-.
mil. bags 9 _ . 154.6
California mills:
100
Receipts, domestic, rough
mil. Ib..
61
Shipments from mills, milled rice
_ do
Stocks, rough and cleaned (cleaned basis), end
100
of month
.mil. lb._
Southern States mills (Ark., La., Tenn., Tex.):
338
Receipts, rough, from producers.
mil. lb._
231
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
845
basis), end of month.
.mil lb_.
163
Exports
do
Price, wholesale, Nato, No. 2 (N.O.)
$ per Ib.. .081
422.1
382.8
6.29
672
3 3 595
77
5
' 438. 8
398. 6
9.0
r
9,219
3,625
4.55
Stocks (domestic), end of quarter, total
Oats:
Production (crop estimate)
109.2
70.2
1 395. 7
3 291. 8
3 154. 0
s 137. 8
5.4
3311.1
Corn:
Production (crop estimate, grain only).. mil. b u _ _ i 3, 908
12.8
Grindings wet process
do
r
"
241.2
1. 19
1.23
}Revisions for 1960 appear in the Oct. 1961 SURVEY; those for Jan.-May 1961 are available
upon request.
c?Revisions for Jan. 1955-Sept. 1960 are available upon request.
§Excludes a small amount of pearl barley.
9 Bags of 100 Ib.
SURVEY OF CURRENT BUSINESS
R-28
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1962
1961
1961
Monthly
average
Nov.
January 1963
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug. j Sept.
Oct.
Nov.
Dec.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Wheat:
irrouucno v,ciopesii i&),i
w <h V
-r\i A. -Y. 4.' ( o~f T tot-ii)
-
do
Stocks (domestic), end of quarter, total
Off farms
do
do
Exports total including
flour
do
11,357 i 1, 235
1247 ' I 160
11,111 ' 1 1,075
3332
3293
31,822
3318
3
1, 504
31,854
3305
31, 549
48.2
42.2
58.2
52.4
335
342
339
331
1,982
359
1,623
1,641
211
1,430
41,304
4
102
4
1,202
2, 069
414
1, 655
21.092
2
275
2816
63.2
58.1
60.0
54.6
43.7
36.8
62.4
46.3
57.5
49.2
55.4
49.2
63. 8
57.2
53.3
48.1
43.3
37.7
46.0
40.6
49.1
44.4
34.7
30.1
31.5
27.9
2.42
2.12
(6)
2.40
2.44
2.14
(6)
2.42
2.46
2.09
1.99
2.37
2.45
2.11
2.05
2. 40
2.44
2.12
(6)
2.39
2.46
2.13
( fi )
2.41
2. 50
2.17
(6)
2.43
2.50
2.19
2.12
2.33
2.52
9 22
2.13
2.32
2.42
2.25
2.07
2.39
2.44
2.23
(6)
2.45
2.49
2.19
(6)
2.48
2 53
2.31
(6)
2.50
22, 933
100.0
430
52, 250
22,014
100.6
413
50,108
23.515
97.7
440
53, 532
21, 738
99.5
405
49, 417
23,165
95.1
430
52, 606
20, 421
87.8
378
46, 225
21,035
86.4
396
48, 021
20, 125 20, 334
86.9
88.2
378
375
45, 677 46, 130
23, 207
91.9
433
52, 865
21, 254
101. 6
396
48, 371
23, 807
94.0
443
54, 165
22, 744
98.4
422
51, 743
2, 176
4 973
2, 345
3,012
7,003
4,877
3, 647
2, 704
2, 896
4 2QO
2, 290
2,428
2,334
4 378
2, 045
2, 023
1, 570
5. 650
5. 300
5. 638
5.267
5. 625
5.267
5. 650
5.267
5. 688
5. 350
5. 775
5. 483
5. 900
5. 633
5. 938
5. 683
6. 113
5.817
6. 175
5. 933
6.113 r 6. 063 p 5. 998
5.850 r 5. 750 p 5. 765
506
417
1. 664
1. 221
'528
469
1 , 683
1,329
983
416
1.589
1, 070
447
454
1,781
1,326
368
362
1,468
968
279
461
1, 649
1,013
334
3*3
1,522
1, 130
421
398
1. 766
1,134
432
342
1.718
997
270
367
1, 765
1,167
259
434
1, 870
1. 288
592
424
1,654
1, 152
893
25. 93
22.93
28. 46
24. 46
23.30
30.17
25. 44
23. 03
30. 50
25. 84
23. 06
32. 00
25. 90
22.80
35. 50
26. 04
23. 16
33. 50
23. 65
24. 56
35.50
26. SO
25. 11
30.00
25. 62
24. 18
29. 00
24.91
23.23
28. 00
26. 12
23. 75
27.00
27. 88
23.91
27. 50
29.63
25.21
27. 50
5, 513
5, 469
1, 586
6. 327
1, 830
5, 738
1,023
6, 098
1, S33
5,312
1, 498
6, 225
1,623
5. 672
1,680
5. 800
1, 722
5. 041
1,498
4. 699
1,424
5, 214
1,507
15.50
16. 71
15. 94
16.32
16.66
16. 24
15.97
15.66
15. 25
16. 23
17.24
1 5. 3
16.6
16.7
17.0
17.4
17.1
16. 5
15. 6
14.9
15.6
16.2
1,170
1, 253
1,213
' 549
224
1, 124
429
127
1, 375
577
205
1,177
441
127
1,227
445
131
I. 173
467
100
1.197
527
189
1 062
411
183
1,170
'470
151
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
2.28
$ per bu__ 2.21
2.04
2.02
No 2 hard winter (Kansas City)
do
51.95 s 1. 97
No 2 red winter (St Liouis)
do
2.25
2.17
Weighted avg., 8 markets, all grades
do
Wheat flour:
Production:
Flour
thous. sacks (1001b.)__ 21, 262 21, 693
92.4
93.3
405
402
Offal
'
thous. sh tons__
48, 5GO 49, 333
Grin dings of wheat
thous bu
Stocks held by mills, end of quarter
thous "acks (100 Ib ) 3 4, 443 34,703
2,613 2,511
Exports
do
Prices, wholesale:
Spring, standard patents (Minneapolis)
5.520
$perl001b__ 5. 322
4.992
5. 166
Winter, hard, 95% patents (Kans. City). .do
2.49
2.28
(6)
2.48
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves—
thous. animals. _
Ottle
__do_ _
Receipts (salable) at 25 public marketst
do
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
$porl001b _
Steers, stocker and feeder (Kansas City)__rlo
Calves, vealers (Natl. Stockyards, Hl.)__-do —
Hogs:
Slaughter (federally Inspected). ...thous. animals..
"Receipts (salable) at 25 public marketst
do___Prices:
Wholesale, average, all grades (Chicago)
$porl001b_.
Hog-corn price ratio
(bu. of corn equal in value
to 100 Ib live ho01)
-- - --Sheep and lambs:
Slaughter (federally Inspocted)___thons. animals.-.
^hipm^nfs feeder to 8 corn-holt Stares
do
P r i co s , wh ol c s a 1 e :
T .fimbs, average (Chicaeo) _ „ 5fi por lOOlb...
Lambs, feeder, good and choice (Omaha) -do —
438
1,616
291
r 551
253
456
1, 686
1,254
1, 164
1,115
29.29
29. 89
25. 38 25.79
26. 50 v 26. 98
28. 59
25. 18
4,737
1,280
6, 643
1,910
6, 376
1, 819
1, 686
17.68
18. 46
16. 69
16.34
15. 80
17.1
17.5
16. 1
17.3
15.7
1, 254
1, 272
589
425
1,472
676
523
1.215
454 i
215
19. 50
20. 50
16. 40 " 16. 56
19. 00
15. 70
18. 75
15.82
2. 1 35
1,895
2. 423
2, 265
400
71
145
359
75
130
3«9
64
117
^s
293
517
1, 898
1,605
1, 574
r
19. 26
18.26
17.07
14. 99
16,00
13. 95
16.25
13. 72
16. 88
13. 72
17. 50
14. 85
17.38
15. 38
17. 62
15. 30
23. 50 21.75
21. 75
"16.00 « 16. 00
(6)
2, 066
2,116
2, 269
2, 120
2, 312
1,953
2, 233
2, 068
?, 261
2, 087
525
87
63
460
77
80
486
114
97
485
58
78
482
74
99
497
71
552
73
136
579
82
91
585
S6
80
512
119
9S
927. 6 1 . 038. 7
180. 6
1 77. 6
1.9
1.9
49. 3
97. 4
960. 5
170. 9
20
6L4
.449
. 455
. 452
. 444
.440
.443
.478
.502
.482
58. 9
16. 1
61. 0
18.3
57.4
18.5
56. 4
17. 9
48.0
14.7
53.2
11.8
56.8
11.8
58.2
10.2
67.3
9.6
966. 0 1, 132. 8 1,049.7 1,094.1
963. 3
890.1
957.8
849.0 1, 210. 8 1, 18S. 7
739.2
731. 4
295.1
7.3
17.8
680. 5
233. 6
6.3
16.4
740. 5
182. 1
5.4
16. 4
665. 0
138. 5
3. 6
14.4
a
397
19. 25
(e)
MEATS
Total meats:
Production (carcass weight, leaf lard in), inspected
slaughter
mil Ib
Stocks (excluding lard), cold storage, end of
month
_ _
mil. Ib Fxport^ (including' lard)
do
Imports (excluding lard)
do
Beef and veal:
1,005.4 1,051.0 1 , 049. 3 999. :> 1,117.4
Production, inspected slaughter
do
173. 4
175. 5
193. 6
211, 4
212. 2
Stocks,
cold storage, end of month
do
v
2.4
2.5
2. 4
2.6
F ports
do
40.9
55. 4
69. 9
64. 8
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
. 451
. 427
.441
.428
.450
(600-700 Ibs.) (New York)
$ per lb.
Lamb arid mutton:
55. 6
59.6
56. 9
53. 8
67.7
Production, inspected slaughter
mil Ib
12. 2
19.9
18.4
16.3
17.6
Stocks, cold storage, end of month __ _ _ do Pork (including lard), production, inspected slaugh1,005.3
1,
005.
0
1, 1G2. 4 1,067.3 1, 127. 3
ter
_ mil Ib
Pork (excluding lard):
762. 4 r 763. 1
8GO. 0
872. 1
815. 8
Production, inspected slaughter
do.-..
271.1
200. 1
209.1
153. 5 200. 0
Stocks, cold storage, end of month__
_do
5.8
5.7
5. 5
4.5
6 5
Exports
do
14.3
14. 5
16.8
15.8
17. 4
Imports
do
Pri cos , wholesale :
.472
.471
. 504
. 499
.483
Hams smoked conroosite _
$pcrlb
.471
. 479
. 452
.484
. 467
Fresh loins, 8-12 Ib. average (New York)_do
Lard:
183. 8
186.8
Production, inspected slaughter
mil. lb__ 177. 3 176. 5 r197.5
119.0 ' 120. 4 84. 2 '•110. 4
Stocks, dry and cold storage, end of mo
do
101. 6
51. 7
34.9
61 5
13. 6
40. 4
FxDorts
- _ _ -- -do
.118
. 133
.1.20
Price, wholesale, refined (Chicago)
$ per ib- . 1 .125
. 124
«t;
2,025
444
81
99
,110.1 1,075.3 1,081.4 1,120.8
148. 7
129. 6
143.1
128. 1
2.4
2.3
2.6
1.9
113.3
69.1
51.4
73.2
803. 1
315. 9
4. fi
16. 2
838. 5
338. 5
14.' fi
877. 7
279. 7
4.3
19.2
> . 490
.460
.495
. 450
.488
.428
. 465
.467
.463
165. 0
103. 4
38,0
185. 3
"04. 5
"33. 6
.128
] 76. 0
109.2
42. 4
.120
1 86. 1
123. 3
2-i 8
.123
168. 8
1(53. 5
50. 5
.120
19.'l
. 470
. 503
153. 3
9G.7
38.2
.120
. 493
.520
Z.I
.125
r
463
91
119
524
988.3 1, 145. 1 1,019.3
150. 9
157.0 r 180. 3 j 206. 6
2.3
'•>. 8
2 0
103. 6
89 2 1
88. 7
936.0
128.3
5.1
18 1
r
r
4. 89 !
4.87
11. 0 ;
14. 3
913. ft
211. 8 i 238. 8
16 0
. 493
.552
'.492
.493
P . 519 •_
.462 i
134. 1
73.1
33.6
. 133
201. 2
200.7 ,
r
.447
2(i! 9 ! 4 l > ' 4 '•'_"_'_"_"_
. 136I ''.131 i
SURVEY OF CUREENT BUSINESS
January 1963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1960
Monthly
average
S-29
1961
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS
Poultry:
Slaughter (commercial production) J _ __mil. lb__
Stocks, cold storage (frozen), end of month
do
Turkeys
_ _ _ __ do
Price, in Georgia producing area, live broilers
$ per lb__
Eggs:
Production on farms
mil casesO-Stocks, cold storage, end of month:
Shell
- thous. casesO..
Fro/cn
mil. Ib
Price, wholesale, extras, large (delivered; Chicago)
$ per doz_.
512
593
736
523
478
388
456
481
580
573
572
667
658
839
734
249
135
322
192
489
318
432
263
405
251
340
219
293
191
253
156
220
132
205
121
210
123
251
160
331
233
448
340
'386
' 265
333
200
.162
.132
.118
.148
.155
.156
.154
.141
.135
.134
.139
.146
.155
.139
.131
.136
14.2
14.3
13.8
'14.6
14 7
13.7
15 9
15.6
15 8
14 6
14.4
13 9
13 4
14.0
13.9
14.5
474
111
162
81
83
70
39
61
29
49
38
40
56
48
52
60
322
85
397
111
343
122
250
120
227
113
236
98
'162
77
119
62
.372
.355
.357
.335
. 356
.330
.310
.306
.269
.266
.280
.343
.416
.377
.394
.367
20.5
.286
2S.5
.227
6.2
.245
11.1
.265
30.3
.225
22.3
.195
25.1
.213
35.7
.208
28 9
.224
37 0
.208
39 0
.205
2? 9
.203
8.0
.200
10.0
.201
11.6
.209
.210
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (in el shells)
_ __thous. Ig. tons _
Price, wholesale, Accra (New York)
$ per lb__
Coffee (green):
Inventories (roasters', importers', dealers'), end
of quarter
thous bagscT"
Roastings (green weight) quarterly total do
Imports
do
From Brazil
do__ _
Price, wholesale, Santos, No. 4 (New York)
$ per lb__
Confectionery, manufacturers' sales
mil. $__
13,108
i 5, 474
Prices (New York):
Rnw, wholesale..Refined:
Retail §
Wholesale (excl excise tax)
Tea, imports
3, 034
5, 573
2,815
5,882
3 029
6,088
1,838
770
1, 866
719
1,608
577
2,141
1, 059
2, 295
1,017
2 312
862
.369
100
.363
103
.341
'134
.341
106
.345
109
.345
104
184
207
197
179
' 3, 075 ' 1, 552 '1,001
Fish:
191
Stocks, cold storage, end of month
mil. lb._
Sugar:
Cuban stocks, raw, end of month
thous. Spanish tons__ ' 2, 616
United States:
Deliveries and supply (raw basis):
Production and receipts:
256
Production
thous. sh. tons
2562
Entries from off-shore total 9
do
145
Hawaii and Puerto Rico
do
Deliveries, total
do _
For domestic consumption
do
For export and livestock feed
do
Stocks raw and refined, end of month do
Export^
- _ sh. tons
ImportsRaw su^nr, total 9
_ -thous. sh. tons _
From Republic of the Philippines
do
Refined sugar, total
_ _ _ _ _ _do
1
1
3 050
5 307
3 334
5 130
1 865
638
2 032
731
1 550
523
1,679
580
1 991
693
2 074
725
2 075
569
2,281
940
. 345
110
.345
94
.350
79
.348
73
.348
69
.348
95
.340
141
.340
'143
.338
134
.340
154
123
125
137
157
185
206
218
219
'228
227
843
1,248
1,968
2,468
2,458
2,458
' 1, 479
934
609
449
324
200
629
528
100
144
79
1,836
683
265
528
169
903
246
53
760
184
60
324
538
67
93
473
139
47
600
205
93
654
164
39
605
262
56
440
272
46
863
277
71
967
256
122
679
129
778
772
6
1, 750
401
808
801
7
1,716
510
815
805
9
1,708
356
755
750
5
2,195
443
625
618
7
2, 156
234
603
596
8
1 974
202
848
841
8
1, 735
134
706
696
10
1 740
194
833
824
9
1 624
225
960
952
8
1 567
270
892
883
9
1 315
194
1 078
1 067
12
898
336
'860
850
10
836
555
354
88
36
338
106
14
325
4
7
319
95
14
230
56
19
185
33
19
326
73
8
316
136
26
494
186
17
363
136
53
469
204
13
308
137
9
400
70
15
429
38
17
481
58
20
.066
.064
837
827
10
' 1.185 p 1,845
268
201
._$ perlb..
.063
.063
.062
.064
.065
.064
.064
.065
.064
.065
.064
.066
.063
$ per 5 Ib
$ per Ib
.553
.087
.570
.087
.555
.084
.564
.086
.565
.086
.573
.088
.574
.088
564
.089
565
.089
.565
.089
.565
.089
566
089
.569
.090
.090
p. 090
thous Ib
9, 598
9,111
10, 769
8,659
11,202
9,378
10, 800
11, 782
12, 747
8,019
11, 303
10 245
10, 825
10, 725
10, 128
' 204. 7 ' 238. 1 ' 221. 4
241.6
Baking or frying fats (incl. shortening):
Production
mil Ib
Stocks (producers' and warehouse), end of month
mil. Ib _
Salad or cooking oils:
Production
_
do
Stocks (producers' and warehouse), end of month
mil. lb__
Margarine:
Production
_ _ _ _ _ _ _ _ do
Stocks (producers' and warehouse), end of month
mil Ib
Price, wholesale (colored; mfr. to wholesaler or
large retailer' delivered)
$ per Ib
192.8
114.9
116.9
159.6
' 177. 0
221.3
214 5
214.4
231.7
230 8
227.4
189.0
242.9
221.2
253.4
119.3 ' 123. 0
125.0
130.3
142.7
155.8
177.9
217.3
201.1
199.5
198.4
187.2
182.1
180.8 ' 185. 8
181.2
195.1
235.8
228.4
234.9
254.6
230.9
206.1
191.9
191.2
189.0
' 154. 2 ' 173. 2
199.9
215.6
206.9
223.5
242. 4
254.3
272.8
264.1
253.8
244.0
240.2
248.6
141.3
143.6
147.0
147.8
159.8
140.6
142.9
135. 9
136.1
129.6
125.9
140. 1
137.0
165.1
155. 9
35.4
38.3
40.6
32.8
38.3
37.7
38.3
37.3
39.9
42.7
39.3
38.0
38.5
37.8
40.3
.268
.270
.270
.270
.270
.270
.270
.270
.258
.246
.246
.245
.245
P. 245
'36.2
31.4
40.0
37.6
35.5
26.1
37.5
29.6
39.3
36.0
35.5
30.5
33.3
28.6
40.8
32.9
36.7
28.4
33.4
29.5
38.9
37.5
32.2
30.1
35.7
31.9
34.5
30.0
53.6
.065
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats: A
Tallow, edible:
Production (quantities rendered)
mil. Ib
Consumption in end products
do
Stocks (factory and warehouse), end of month
mil. lb
Tallow and grease (except wool), inedible:
Production (quantities rendered)..
do _
Consumption in end products
do
Stocks (factory and warehouse), end of month
mil. lb
Fish and marine mammal oils:
Production
do__
Consumption in end products
do
Stocks (factory and warehouse), end of month
mil. lb._
29.4
24.6
25.2
26.8
20.9
24.7
25.9
25.0
24.2
23.5
26.5
29.0
30.3
24.3
20.8
21.7
24.1
276.1
152 7
296.2
144.8
319.7
155.6
293.9
147.5
313.6
155.8
292.1
138.6
287.0
153. 3
274.7
148.4
305.6
170.9
288.5
164.3
274.6
120.3
295.4
166.6
259.6
152.7
297.9
158.1
295.7
138.5
319.3
369.4
397.8
408.5
410.1
393.1
425.0
412.3
358.2
340.4
381.2
366.0
364.6
370.6
389.8
17.4
9.0
'21.5
9.3
10.2
8.7
11.2
8.3
.7
8.3
.4
7.9
.3
8.4
4.9
8.3
31.1
9.0
51.8
9.3
45.1
7.6
32.5
7.8
29.7
7.5
' 38. 3
'7.9
7.7
8.0
93.4
' 123. 7
159.0
132.9
125.6
114.7
101.7
98.3
130.2
148.2
166.7
149.7
161.9
' 170. 4
' Revised.
v Preliminary.
Quarterly average. 2 Data from July 1960 forward reflect revisions to include nonquota purchase charges. Revisions for July 1960-July 1961: 428; 644; 500; 382; 262; 203; 675;
449; 347; 770; 766; 639; 610.
^Revisions for Jan.-Aug. 1960 are shown in the Oct. 1961 SURVEY.
1
175.5
OCases of 30 dozen. rf1 Bags of 132.276 lb.
9 Includes data not shown separately. § Price for New York and Northeastern New
Jersey.
AFor data on lard, see p. S-28.
SUEVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1960
Monthly
average
January 1003
1961
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aus.
Oct.
Xov.
1 >ec.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS— Continued
Vegetable oils and related products:
Vegetable oils (total crude and refined) :
142.8
Exports
mil Ib
43.9
Imports..
do
Coconut oil:
Production:
41.3
Crude
do
33.3
Refined
do
49.4
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of month
mil Ib '2321.8
13.0
Imports
_
do
Corn oil:
Production:
27.5
Crude
._
- -- do
25.7
Refined
do
26.2
Consumption in end products
do
Stocks, crude and refined (factory and ware35.2
house) end of month
mil Ib
Cottonseed cake and meal:
Production
__
thous. sh. tons.Stocks (at oil mills) , end of month
do
Cottonseed oil:
Production:
Crude
- ._. mil.lb
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) ,
end of month
mil Ib
Price wholesale (drums; N Y )
$ perlb
Linseed oil:
Production, crude (raw). .
mil. lb__
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) ,
end of month
mil Ib
Price wholesale (Minneapolis)
$ per Ib
Soybean cake and meal:1
Production
thous sh tons
Stocks (at oil mills) end of month
do
Soybean oil:
Production:
Crude—
mil.lb—
Refined
..
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse),
end of month
. .__ .
--mil.lb Price wholesale (refined • N Y )
$ per Ib
TOBACCO
Leaf:
Production (crop estimate)
mil Ib
Stocks, dealers' and manufacturers', end of quarter total
mil Ib
Exports incl scrap and steins
thous Ib
Imports incl scrap and stems
do
Manufactured:
Production total
do
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
millions
Taxable
do
Cigars (large) taxable
do
Manufactured tobacco and snuff, taxable
thous. lb_.
Exports, cigarettes
millions
92.6
47.2
r
78.0
59.7
79.0
51.9
111.1
62.3
105.0
37.4
82.6
49.4
186. 1
53.9
141 0
51.0
215 4
41.0
234 3
38.6
162 1
57.1
124 2
55.5
71 6
70.9
126 4
72.2
41.6
43.2
38.6
38.6
54.4 « r 52. 4
39.1
34.7
51.8
38.0
39.9
54.6
38.8
39.8
51.4
41. 5
46.9
61.7
31.9
45.8
61.6
28.0
47.0
60.0
45.5
62.1
0)
35.6
36 0
49.3
30.1
48.5
64.7
37.7
47.0
58.0
44.3
45 5
61.2
43.1
45.6
54.7
313.6
13.6
308.1
20.6
319. 3
18.6
307.5
22.0
291.8
7.6
285. 6
15.3
269.9
17.9
245.0
19.0
218.8
16.0
220.6
15.5
209.4
26.1
206.1
15.5
203.2
38.2
215. 3
31.3
28.0
26.8
26.4
28.3
26.5
23.1
27.7
27.8
22.7
28.4
26.7
22.4
27.8
24.4
20.5
31.5
26.6
24.0
31.3
28.7
24.1
32.3
29.5
26.7
32.0
26.8
28.9
30 3
28.4
27 1
33.3
34.8
32 1
29.6
28.9
28.5
32. 2
32.4
29.6
30.3
32.1
26.6
34.6
28.3
30.7
36.2
42.1
49.5
54.1
55.9
51.9
52 1
49 5
49.4
48 8
50.5
207.8
172.4
204.0
168. 4
342.9
85.8
286.8
81.5
299.1
84.9
268.5
113.6
242.5
123. 4
192.1
156. 9
130.9
164.0
99.9
155.7
85.2
133.9
103 2
94.2
237.9
99.5
r
348.3
92. 9
362.9
99.2
151.4
127.1
106.4
149.5
125. 5
110. 7
256. 8
183.5
125. 4
210.3
168. 9
117.5
219.1
160.9
109.2
200.7
164.3
106. 7
182.0
162.0
117.9
146.3
142.9
121. 5
98.2
117.4
112.2
74.9
91.4
107.8
63 7
72.8
98 0
75 1
77 8
107 6
167. 2
113. 3
104. 1
243. 9
147.6
115 9
255. 4
175. 3
103.4
385.7
.151
335.8
.186
320.4
.179
392.0
.183
434.2
. 183
488.7
. 181
477.5
.179
513.4
.176
458.4
.171
401.5
.169
324 4
. 165
270 7
.161
296.2
.158
379 5
.155
460. 8
-P. 151
30.6
32.0
35. 5
31.8
39.5
25.8
32. 1
24.8
33. 3
27. 1
33.4
25.4
30.6
32.9
31.7
34.8
23.3
35.4
20.9
36.0
14.3
35.1
27 1
35 2
44.8
31.7
49.0
31.4
39.9
27.4
110.8
.131
103.0
.142
117.0
.152
128.4
.152
134.9
. 152
140. 6
.152
137.0
.152
135. 3
. 152
121.2
.151
105.4
.147
79.3
73 2
138
83.8
.131
99.7
.126
116.6
P. 130
762. 6
104.3
778.4
147.2
888.0
62.9
895. 4
99.3
946.7
101.4
841. 1
89.2
8S9. 1
91.2
840. 3
96.0
891.4
101.8
794.0
88.0
807 7
91.2
799 0
72 9
709.2
85.1
914 8
68. 3
988.2
64.4
366.0
289.7
283. 8
370. 2
299.4
288. 7
417.7
319.2
302.1
417.9
332. 1
315.1
442.4
341.5
323. 2
395.0
312.1
304.0
422.7
351. 7
347. 9
397.4
318. 1
340. 5
425.4
352. 7
352. 1
376. 6
364.9
378.7
383.9
314.5
337 0
379.7
339.9
342.8
334. 4
318. 1
331.7
428. 6
369. 0
365 1
452. 3
355.2
344.2
476.5
.129
704. 5
.157
802.2
.146
859. 6
.151
933. 3
.148
959.2
.145
956. 4
. 142
924.6
. 141
930.4
.133
808.8
.128
763.3
.122
686.7
.125
607.0
.123
' 581. 3
.130
629.8
v. 129
« 4, 573 s 4, 580
41,346 41,741
13, 257 13,870
69, 484
14,629
4,843
42, 893
10, 131
19, 756
15,710
23,716
14. 182
4,737
28, 491
13, 773
30, 767
13, 945
29,215
15, 054
4,331
38, 835
12, 404
34, 625
12, 281
35, 009
14, 123
4 605
77, 732
12, 785
45, 907
14,830
53, 077
18, 187
14, 442 14,429
13, 909
11,348
14,335
12, 880
14, 772
13, 988
15,033
14, 093
12, 346
15, 926
13, 367
16,499
14, 337
3,083
39,178
543
3, 296
40, 677
531
3, 342
42, 568
666
3.063
33, 260
367
3,299
41,114
490
3,283
35, 836
3,528
42, 645
3,225
38, 592
3, 725
45, 094
3,537
41, 294
3,208
39, 377
3,625
47, 303
3, 245
40, 466
3,221
45, 461
3,661
42, 546
14,148
1,685
14, 124 »• 13, 892
1,861 1,987
11,526
2,011
13, 999
1,861
11,754
1,982
14, 647
1,880
14, 200
2,119
12, 766
1, 902
15,031
2. 062
13, 333
2,188
15,711
1,217
13, 863
2, 155
s i 944
r
145
3 2, 061
* 2 261
432
513
14,085
2,097
510
13, 849
2,166
623
535
520
596
515
r
622
662
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value total 9
thous. $
Calf and kip skins
..
thous. skins _
Cattle hides
- thous. hides
Imports:
Value total 9
- - thous. $_
Sheep and lamb skins
thous. pieces..
Goat and kid skins
do
Prices, wholesale (f.o.b. shipping point):
Calfskins, packer, heavy, 9W151b_ .. .$ perlb _
Hides steer heavy, native, over 53 Ib __ do
6,367
177
574
7,179
7,357
201
611
7,844
148
808
7, 867
637
5, 886
2,308
1,605
5,357
2, 325
1,228
4, 654
1,126
1, 109
4,718
.561
.139
P. 631
p . 150
.650
.163
212
179
442
6,304
237
515
5, 677
212
452
6,957
184
572
7,939
180
605
7,518
8. 506
135
773
6,746
217
582
6, 843
7 504
7,615
3, 122
1,601
9, 111
5,853
1,463
6, 035
1,687
1,512
7,067
3, 386
1,202
5,991
2,782
1,278
4,921
1,115
1,012
5, 296
2, 330
1, 109
982
5,172
2,070
1,375
3,979
1, 159
913
4, 398
2, 052
3 492
1.103
.675
.148
.675
.148
.700
.138
.700
.138
.650
.143
.650
.158
.625
.163
.575
.153
.600
.158
.625
.575
.163
973
116
704
5, 514
116
690
168
171
581
954
184?
67 '
992
p. 550
p. 153
LEATHER
Production:
581
533
560
528
Calf and whole kip
thous. skins..
1,869
1,895
1, 966
Cattle hide and side kip
thous. hides and kips _ 1,831
1,311
1, 253
1, 239
1,570
Goat and kid
thous. skins
2, 540
2,658
2,954
2,403
Sheep and lamb
do
Exports:
5,244
4,761
3,659
Glove and garment leather
thous. sq. ft_. 2,879
3,449
4,291
3,744
3,673
Upper and lining leather
_
_ do
Prices, wholesale:
.703 p. 707
.733
.720
Sole bends light, fob tannery. .
$ per lb_
Upper, chrome calf, B and C grades, f.o.b. tan1.387
1.397
nery.$ per sq. ft— 1.319 p 1. 401
r
Revised.
v Preliminary.
i Not available. 2 Average based
on 9 months (Apr.-Dec.).
3
Crop estimate for the year. 4 Dec. 1 estimate of 1962 crop. 5 Quarterly average.
1,893
1, 049
2, 570
489
505
1,913
1,133
2,330
472
1,947
1,326
2, 462
588
1, 852
1,100
2,421
1,999
1,211
2,806
1,882
1,241
2,643
1,533
1,133
1 992
3,438
3,153
3,163
2.821
2,951
3,232
3, 557
3,113
3, 506
2,499
3, 950
3,387
2,249
?, 933
.680
710
510
513
380
537
452
531
1,994
2 809
1, 795
1,049
2 435
2, 090
1 334
2 855
2,828
3,105
3. 698
2 930
4, 196
2 284
.710
710
710
p 717
1.333
1.350
1. 337
1.337
HData formerly shown in mil. Ib.
9 Includes data for items not shown separately.
a Revisions for June-Oct. 1961: 62.3; 52.1: 64.4; 52.2; 60.7.
1. 307
pl.261
.717
.710
.713
.717
.720
1.380
1.380
1.330
1.323
1. 357
967
3 879
2 873
SURVEY OF CURRENT BUSINESS
January 1963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1961
1960 | 1961
Monthly
average
S-31
Nov.
1962
Dec.
Jan.
Feb.
Mar.
May
Apr.
June
July
Aug.
Sept,
Oct.
Nov.
47 244
Dec.
LEATHER AND PRODUCTS—Continued
LEATHER
MANUFACTURES
Shoes and slippersrf
Production total
thous. pairs- _ 50,003
Shoes, sandals, and play shoes, except athletic
thous. pairs- . 42, 838
6 122
Slippers for housewear
do
584
\thletic
do __
459
Other footwear
do
49, 442
49 251
46, 333
55 900
53, 037
58, 577
51, 975
52 498
49 507
46 322
59 295
48 935
53 652
42, 303
6 081
553
505
39, 115
9 026
606
504
40, 029
5 136
611
557
50, 025
4 930
464
481
47, 066
4 943
562
466
51, 497
5 811
709
560
45, 374
5 161
728
712
44, 465
6 615
588
830
41, 784
6 511
584
628
39, 833
5 550
352
587
49, 275
8 585
575
860
39, 540
7 829
499
1,067
43, 308 38, 570
8 702
7 375
590
586
1 052
713
199
179
198
160
106
166
202
192
191
159
131
206
197
106.5
105. 5
105. 5
105.5
105.8
105.8
105.8
105.8
105. 8
105.8
105.8
105.8
105.8
108.0
109.3
108. 1
110.2
108.3
111.0
108.3
111.1
108.3
111.1
108.3
110.9
108.3
111.0
108.3
111.1
108.3
111. 1
108.3
110.9
108.3
111.2
108.3
111. 1
108.3
111.4
215
201
105. 1
105 1
106. 5
111 5
106. 5
111 4
National Lumber Manufacturers Association:
Production total
-mil. bd. ft-- ' 2, 744 ' 2, 654 ' 2, 627 ' 2, 207 ' 2, 109 * 2, 459 ' 2, 678 ' 2, 670 ' 3, 020 ' 2, 825 ' 2 649 ' 3 164 ' 2 911 3,088
' 461
' 404
'432
' 515
'417
'524
••521
'314
'554
' 633
'497
' 552
Tlard woods
do
642
620
Softwoods
--do _- ' 2, 223 ' 2, 157 ' 2, 112 ' 1, 803 ' 1, 795 ' 2, 027 ' 2, 261 ' 2, 209 ' 2, 496 ' 2, 271 ' 2 097 ' 2 531 r 2 291
2,446
2 744
578
2 166
Exports
- do_ __
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper Goodyear welt
1957-59 = 100Women's oxfords, elk side upper, Goodyear
welt
1957-59 = 100-Women's pumps low-medium quality do
r
LUMBER AND MANUFACTURES
LUMBER— ALL TYPES J
' 2, 685 ' 2, 705 ' 2, 574 ' 2, 294 ' 2, 244 ' 2, 537 ' 2. 830 ' 2, 837 ' 3. 157 ' 2, 944 ' 2 682 '3 058
TTard woods
Softwoods..
do
do
---
Stocks (gross), mill, end of month, totaL__do
Hardwoods
do
Softwoods
-- -do
Exports total sawmill products
Imports, total sawmill products
2 931
563
2, 368
2 639
531
2,108
' 7, 106 '7.001 ' 6, 908 ' 6, 834 ' 6, 642 ' 6, 520 ' 6, 369 '6,215 ' 6, 073 ' 5, 955 ' 5, 934 ' 6, 037 ' 6, 202 6, 454
' 1 913' 1 863' 1 747 ' 1 642' 1 537' 1 439' 1 350' 1 291' 1 287' 1 324T \ 335 ' 1 483' 1 537 1 720
' 5, 192 ' 5, 138 ' 5, 161 ' 5, 192 ' 5 105 ' 5, 081 ' 5. 019 ' 4, 924 ' 4 786 ' 4 631 ' 4 549 ' 4 554 r 4 665
4 734
6, 553
1 767
4 786
' 513
' 536
' 419
' 524
' 520
' 2, 172 ' 2, 170 ' 2, 050 ' 1, 774 ' 1, 825
do
do
r
r 2 712
' 530
' 506
' 520
' 528
' 519
' 491
' 535
533
2, 007 ' 2, 324 ' 2, 317 ' 2, 629 ' 2, 425 ' 2, 191 ' 2, 523 ' 2, 179
327
64
355
70
348
64
274
80
284
54
351
70
400
58
436
94
457
66
468
64
482
57
490
59
408
58
474
68
357
645
533
640
471
598
422
524
419
653
508
618
577
679
504
717
534
757
511
741
500
628
504
721
481
595
445
697
460
628
441
'670
'669
'1,118
* 642
640
1,126
'633
623
1,096
588
565
1,122
626
573
1,131
706
732
1,105
677
688
1, 108
727
780
1,050
661
752
958
581
624
927
714
744
893
632
631
894
696
681
886
681
647
914
32
Exports, total sawmill products
do
17
Sawed timber
do
15
Boards, planks, scantlings, etc
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$ per M bd. ft_. 81.13
Flooring, C and better, F. G., I" x 4", R. L.
$ per M bd. ft— U30.03
Southern pine:
r 441
Orders new
mil bd ft
191
Orders, unfilled, end of month
do. ..
23
10
12
21
9
11
27
11
16
18
7
11
35
14
22
26
12
14
30
15
15
24
8
15
28
9
18
26
8
18
22
27
9
18
27
7
20
SOFTWOODS!
Douglas fir:
Orders new _
Orders, unfilled, end of month__
Production
Shipments
Stocks (gross), mill, end of month
,_
_rnil. bd. ft
do
„
do
do
do
Shipments
do
Stocks (gross), mill and concentration yards, end
of month
mil bd ft
Exports, total sawmill products
M bd. ft_.
Sawed timber
do
Boards, planks, scantlings, etc
do
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1957-59=100Flooring, B and better, F. G., 1" x 4", S. L.
1957-59=100-.
Western pine:
Orders new
_ __
_
mil bd ft
Orders, unfilled, end of month. .
_do _
Production.
Shipments
Stocks (gross), mill, end of month _ _
_
Price, wholesale, Ponderosa, boards, No.
Y>" R L (6' and over)
$ per M
do
do
do
3, 1" x
bd ft
f
21
9
12
78.43
76.66
75. 53
75. 23
76.18
77.88
78.46
79.03
78.90
81.29
81.50
124. 21
121. 74
121. 92
120.18
119.98
120. 41
120. 41
120. 58
120. 10
122. 18
123. 31
' 474
224
' 442
183
' 358
185
' 431
221
r 507
271
' 424
' 356
' 439
' 395
r 472
' 442
' 1370
7, 71)4
1,962
5, 833
' 543
527
1,114
r
r
467
T
r 404
472
' 470
1, 360
5, 827
1,342
4. 486
r
1, 288
5,650
780
4,870
' 543
283
' 523
292
' 587
286
' 505
264
' 502
251
T 546
246
r 476
r 517
T 572
r 593
' 519
r 527
r
' 531
' 495
' 514
T AQX,
' 457
' 1, 352 r 1 396 ' 1 415'
4, 892
7,268
8,924
2,889
1 389
1 381
4,379
3,503
7, 543
1 401' 1 382r
6,777
5, 299
1, 634
1 700
3, 599
5,143
1 361
9,398
4 367
5, 031
T 515
r i 353 r i 333
6,615
5, 801
1 944
1 787
4,671
4,014
Q
13
81.39
' 79. 41 p 77.79
124. 73 '125.98 P125. 98
503
249
542
243
480
231
500
551
548
4QQ
r 551
1 342
5, 932
811
5,121
1 340
6,941
2 934
4,707
1 343
3,880
300
3,580
1 344
5,543
637
4, 906
560
499
99.0
92.7
93.2
92. 7
93.7
93.6
94.1
94.4
94.6
94.4
93.5
92.3
91.9
91.8
P91.6
97.4
95.3
95.0
95.0
94.3
94.3
94.3
94.5
94.4
94.6
94.3
94.7
94.8
95.1
p 95. 2
T
'758
'358
r
' 670
'311
' 709
380
r 781
' 764
467
' 782
461
' 881
435
r £09
T 783
445
r gOS
' 742
354
817
358
054
314
r
r
725
530
' 657
' 7?8
' 868 ' 784 r 759
' 928 r 871
871
r 775
r 720
T 884
r ^54
' €40
' 738
' 788 ' 907
813
' 807
' 1 766' 1 703' 1 690' 1, 630 ' 1 591r 1 568 ' 1 552' 1 596' 1 713 1 771
715
697
1 789
740
'358
650
'304
'749
' 687
'764
' 759
r 074
' 748
' 1,916 ' 1,858 ' 1 , 942
r
r
597
r
663
1,876
441
437
366
74 86
69.63
66 03
65 74
64.61
65 69
67 38
70 91
71 49
69 59
69 08
67 76
66 03
66 25
bd. ft—
do
do
do
_do _.
3.2
11.6
3.0
31
9.7
3.1
11.3
3.1
30
8.7
2.6
10.5
3.2
2 6
8.6
2.2
10.0
2.8
2 6
9.1
2.9
10.5
3.0
2 3
9.8
2.6
10. 8
2 6
2 4
10.0
3.0
11.1
2 8
2 6
10.2
2. 7
11.0
2 4
2 6
10. 0
4.0
11.3
2 8
3 5
9 0
4.6
11.6
3 0
4 0
8.2
3.2
11.0
o 7
34
7 0
3.4
10.1
3 0
3 5
6 2
2.3
9.7
2 5
2 6
6.1
3.0
9.7
2 9
3 0
6 0
do
do
do
do
do _
69 0
38. o
73 2
70 6
95. 6
64.2
35.6
65. 5
65 4
61. 1
31.5
68 4
66 0
94.8
49 6
27.3
55 3
54 8
84.7
57 9
35. 5
60 6
53 7
100. 4
65 5
43 8
65 4
49 3
64 4
66 6
51 1
69 7
63 0
88.4
72
49
66
74
80
68 9
47 6
66 1
70 9
74.8
67
46
63
68
68
80
46
77
81
64
v
66 15
HARDWOOD FLOORING AND PLYWOOD
Flooring:
Maple, beech, and birch:
Orders, now
mil.
Orders, unfilled, end of month
Production
_
Shipments
Stocks (eross), mill, end of month
Oak:
Orders, new
Orders, unfilled, end of month
Production
Shipments
Stocks (gross), mill, end of month _ _
99.9
p
' Revised.
Preliminary.
1 Average for 9 months (Apr.-Dec.).
fRevisions for 1960-Sept. 1961 appear in Census report (M31A(61)-13).
57 9
98 3
96.9
7
9
8
6
7
3
9
5
2
9
9
3
9
6
6
69
43
66
69
59
8
6
2
7
4
66
38
77
75
59
6
0
2
0
9
3.0
9.6
2 6
9 8
6 0
60
32
68
64
61
9
4
8
9
5
t Revisions will be shown later as follows: Production, shipments .and orders, 1959-Oct
1961; stocks, 1948-Oct. 1961.
January 1963
SUEVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
1961
Monthly
average
Nov.
1962
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
Oct.
Sept.
Nov.
Dec.
METALS AND MANUFACTURES
IRON AND STEEL
Foreign trade:
Iron and steel products (excl. advanced mfs. and
ferroalloys) :
Exports total 9 d1
thous sh. tons__
Steel mill
products
do
1
Scrap d
do
Imports total 9 d1
Steel mill productscf
Scrap
-_
_
do
__do
do
Iron and Steel Scrap
Production and receipts, total
thous. sh. tons..
TTomp scrap produced
do
Purchased scrap received (net)
do
Stock^ consumers' end of mo
do
Prices,' steel scrap, No. 1 heavy melting:
Composite (5 markets) §
$ per Ig ton
Pittsburgh district
do
Ore
Iron ore (operations 1in all U.S. districts):
Mine production d
thous Ig tons
Shipments1 from mines cf
do
Imports*-?
__ __ _do
U.S. and foreign ores and ore agglomerates:
Consumption at iron and steel plants
Exports d"
Stocks total end of mo d71
Atminescf
At U S docks
do
do
do
do
do
865
248
598
1,018
106
810
861
193
630
750
212
504
652
180
445
550
169
357
549
153
377
551
149
385
740
150
560
620
158
445
470
140
313
704
214
461
904
204
676
532
142
380
572
189
363
340
280
15
329
262
21
504
357
34
350
292
24
377
332
22
321
282
17
392
340
16
370
325
16
509
413
13
475
*U
19
520
395
66
505
375
15
374
285
15
406
325
20
450
353
23
5, 475
3,300
2, 175
5, 539
9, 487
5,315
3,206
2,109
5,361
8,651
5,798
3,533
2, 265
5, 655
9,108
5,819
3, 664
2, 155
6, 190
8,741
6,214
3, 941
2,273
6, 531
8, 456
6,230
3,811
2,419
6, 183
8,506
6, 805
4,280
2, 525
6,777
8,534
6, 078
3,834
2,244
5,924
8,689
5,547
3,419
2,128
5, 1 67
9, 068
4,938
3,058
1, 880
4,862
9,196
4,325
2,640
1,685
4, 243
9,276
4,890
3,046
1,845
4.967
9,199
5, 530
3,241
2,289
5 509
8,916
"5,413
P 3, 251
"2, 162
p5, 511
v 8, 807
32.95
33.00
36. 64
35. 00
33.10
34.00
34.10
36.00
37.67
39.00
36.25
38.00
31.98
33.00
30.18
32.00
26.14
28.00
24. 13
26.00
24. 59
26.00
26.86
29. 00
26.39
27.00
24. 38
25.00
p 23. 61
p 23. 50
7.320
7,014
2,882
5,983
6,033
2,151
5,022
7, 393
2,218
3,711
1,660
1,970
3,911
1,687
1,777
3,514
1,465
1,588
4,016
1,546
2,061
4, 590
3, 509
2,718
9,482
10, 302
3,723
9,617
11,117
4,275
9, 050
11,039
4, 041
9,061
9, 811
3,049
7,495
8, 108
3, 536
5,579
7,073
3,054
2.476
9,396
8, 522
7,759
8, 143
9, 560
9,058
4 080
9, 532
3,230
10,316
3 139
9, 696
3.718
10, 623
5 084
9, 621
13 005
7,974
13 564
6, 758
12 228
6, 670
S3fi
82, 941
14,611
62, 472
5. 858
10, 543
6,764
10 364
7,268
6 375
7. 366
86, 654
13, 997
66, 250
6,407
87, 495
11, 553
69, 367
6,575
68, 376
6,471
r
r
r
r
4, 706
2, 985
1,721
5, 025
8, 884
r
r
412
362
70, 611
11,407
53 35S
5,846
82, 009
15, 952
59 790
6,267
84, 148
9,755
68, 058
6,335
80, 548
11, 843
62, 605
6,100
75, 645
14,055
55, 572
6,018
70, 946
16, 107
49,015
5,824
65, 985
18, 559
42,110
5, 316
62, 070
19, 643
37, 573
4,854
66, 349
18, 820
42, 591
4,938
71,914
17, 326
49 405
5,183
13, 457
5, 965
1,222
77, 861
15,364
56, 928
5,569
99
86
83
130
75
105
99
104
103
87
72
71
69
85
33
5,556
5,552
5,393
5,483
6, 105
6,051
6,400
6,425
6,833
6,996
6,421
6,576
7,106
7,198
6, 425
6,392
5,458
5, 304
4,582
4,605
4,211
4,167
4,586
4,757
4,659
4,825
5,009
5,213
5,094
P 5, 247
3,471
3,250
3,147
3,183
3,101
2,961
2,949
3,079
3,276
3,345
3,443
3,368
65.95
66 00
66. 50
65. 95
66.00
66.50
65. 95
66. 00
66. 50
65. 95
66.00
66.50
65.95
66 00
66.50
65. 95
66.00
66.50
65.95
66 00
66.50
65.95
66.00
66.50
65. 95
66 00
66.50
65.95
66.00
66.50
65. 95
66.00
66.50
65.95
66.00
66.50
674
439
66
131
79
41
362
625
853
654
447
386
Pig Iron and Iron Products
Pig iron:
Production (excl. blast furnace production of ferroalloys)
thous. sh. tons _
Consumption
_
- - -do
Stocks (consumers' and suppliers'), end of mo.
thous sh tons
Prices:
Composite
$ per Ig. ton__
r
3, 266
' 3, 150 p 3, 068
65.95
66.00
66.50
Foundry No 2 Northern
Castings, gray iron:
Orders, unfilled, for sale, end of mo.
do
65. 95
66 00
66.50
Shipments71 totald"1
For saled
Castings, malleable iron:
Orders, unfilled, for sale, end of mo.
do
do
739
966
534
653
902
514
636
990
529
672
922
470
673
981
512
681
924
474
1,061
1,021
1,046
572
628
990
553
643
800
452
660
882
551
'922
'523
1,045
544
73
68
39
56
60
36
62
71
40
66
68
37
70
75
43
69
70
40
71
76
42
72
74
50
70
80
69
74
73
57
72
66
76
68
74
81
47
8,273
101.9
8,168
100.9
8,746
109.5
9,569
118.0
10, 353
125. 5
9,698
130.1
10, 584
128.3
9,236
115.7
7,536
91.3
6,692
83.8
6,174
74.8
7,098
86.0
7,251
90.8
7,781
94.3
Shipments total
do
Steel, Crude, Semifinished, and Finished
Steel ingots and steel for castings:
Production
thous. sh. tons..
Index
1957-59=100..
Steel castings:
Orders, unfilled, for sale, end cf mo.*
719
563
704
727
63.08
P 63. 00
P 63. 50
695
581
' 7, 846 p 8, 082
98.3 P98.0
Shipments total
For sale total
Steel forgings (for sale):
Orders unfilled end of mo
Shipments total
Drop and upset
do
do
231
116
89
153
101
78
156
109
83
169
115
88
200
119
93
198
126
100
189
149
112
206
130
102
190
136
107
172
127
101
176
97
75
173
111
87
167
104
80
171
115
89
do
do
do
317
106
79
274
99
73
282
110
82
308
104
78
340
114
85
356
118
83
345
132
103
331
122
92
311
123
94
299
122
94
302
97
72
301
109
84
280
101
77
271
116
89
278
109
83
Steel products, ret shipments:
Total fall grades)
Semifinished products
do
do
5,929
5,510
5,787
5,787
6,906
6,626
7,699
6,783
6,183
5,360
4,505
5, 402
5,125
5,579
5,499
1,509
421
2,297
622
1,077
2,401
671
1,148
92
8.9
4.0
4.3
Plates
Rails and accessories
Bars and tool steel, total
do
do
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
Steel mill products, inventories, end of mo.:*
Receipts during month
235
438
511
105
884
576
185
115
588
248
503
2,4J7
666
1,206
212
395
496
70
839
532
204
98
589
253
510
2,147
585
1,013
do
W hnn<? (
h f h 1 ~1 S
d
Producing mills:
In process (ingots semifinished etc )
do
Finished (sheets plates bars pipe etc ) do
Steel, finished, composite price
$ per lb_.
260
403
608
56
904
586
200
110
495
244
405
272
404
590
67
868
601
151
108
448
216
357
.0698
262
434
639
113
1,164
1,048
698
211
130
660
302
532
220
431
567
106
980
624
226
122
663
295
564
823
179
152
657
313
691
188
402
453
87
830
500
222
101
676
273
587
2,564
693
1,294
3,080
846
1,555
2,903
783
1,406
3,219
871
1,566
2,794
738
1,371
2,356
605
1,128
1,862
504
9.3
4.1
10.2
11.0
12.4
11.4
3. 6
4.9
4.5
3.6
12.1
3.4
4.9
4.1
3.5
12.0
4 3
3.2
9.4
4.3
4.2
3.4
7.6
6.6
8.3
7.0
8.5
7.3
8.5
7.5
7.9
7.5
7.6
7.5
7.1
7.0
6.7
6.8
.0698
.0698
.0698
.0698
.0698
.0698
.0698
.0698
r
Revised.
v Preliminary.
9 Includes data not shown separately.
d1 Scattered revisions for 1959-61 are available upon request.
§ Effective Jan. 1961, the composite reflects new weights; prices beginning Jan.
not comparable with earlier prices.
1,028
325
473
720
136
2,411
637
1,163
4 2
.0698
707
174
137
506
260
614
289
392
612
102
986
682
159
136
534
261
548
276
402
648
94
1961
5.1
5.6
4.6
4.5
4.8
3.6
822
3.9
4.6
3.5
177
351
381
70
701
413
204
78
600
209
506
197
409
438
60
854
516
232
99
723
253
571
194
351
430
54
824
522
205
91
623
249
453
217
394
453
68
915
570
233
104
595
266
376
225
375
483
73
881
584
187
103
485
238
337
1,897
530
829
1,947
531
669
10.9
10.5
3.9
4.3
3.4
9.9
3.7
4.3
3.4
6.8
6.6
6.5
6.5
6.8
6.3
6.7
6.3
6.7
6.5
.0698
.0698
.0698
.0698
.0698
3.5
4.0
3.5
875
62.95
4.1
4 8
3.3
.0698
*New series (Bureau of the Census). Data for steel mill inventories represent industry
totals for the specified holders of steel mill shapes; stocks held by nonmanufacturing industries
are not shown. Consumers' operations include fabricating activities of steel producing
companies. For warehouses, data are derived from value of inventories.
SURVEY OF CURRENT BUSINESS
January 1963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960 | 1961
Monthly
average
S-33
1961
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
324
315
2,475
Dec.
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel. Manufactured Products
Fabricated structural steel:
Orders new (net)
Shipments
_
Backlog end of year or mo
thous. sh. tons _
do
do _
Barrels and drums, steel, heavy types (for sale):
Orders unfilled end of mo
thous
Shipments
do
Cans (tinplate), shipments (metal consumed),
total for sale and own uset
thous sh tons
299
322
2,333
343
318
2.723
333
339
2,707
373
296
2,723
314
284
2, 596
276
289
2,487
221
327
2,481
274
312
2,414
294
357
2,352
292
349
2,406
239
308
2,357
289
367
2,301
326
314
2,316
301
357
2,351
1,609
1,755
1,521
1,834
1,451
1,846
1,510
1,607
1,491
1,887
1, 482
1,774
1,568
2,063
1,438
1,945
1,425
2,259
1,460
2,240
1,402
1,992
1,331
2,079
1,421
1,850
1,458
1,924
404
418
346
344
334
320
379
395
462
478
512
630
569
438
167.9
127.3
158.6
i 28.2
164.1
36.0
168. 0
36.0
170.1
41.0
157.7
43.0
177.4
48.0
173.7
50.0
184. 2
52.0
179.1
52.0
184.1
41.0
168. 1
46.0
176.2
46.0
185.2
52.0
179.7
12.7
3.1
23.7
16.6
4.1
10.7
18.4
4.8
9.4
20.0
4.7
8.7
17.3
5.0
19.8
13.5
5.4
10.2
18.9
5.3
12.2
19.9
9.0
10.4
30.0
6.1
9.7
33.0
6.0
10.3
38.9
5.2
12.7
27.3
5.3
10.3
29.8
4.0
17.1
27.7
4.4
11.5
25.7
4.4
9.7
185.3
.2600
258. 2
.2546
240.3
.2400
207. 1
.2400
198.4
. 2400
190.8
.2400
170.7
.2400
154. 5
.2400
137.8
. 2400
132.6
.2400
131.7
.2400
130. 8
. 2400
148.3
.2400
148.1
.2400
152.9
.2400
388.1
254.1
115.7
64.5
403.4
278.8
124.4
63.5
446.3
298.3
129.9
70.8
435.8
271.3
115. 8
73.7
429.4
296. 9
133.9
79.8
429.0
292. 2
134. 3
73.6
516. 5
344.1
159. 0
81.2
474.1
315.9
142.2
78.8
499.0
354. 3
160.4
83.3
506. 6
347. 5
158.8
77.4
449.2
320.4
144.3
60.7
443.8 ' 436. 0
319.9 r 293. 9
137.6 ' 126. 3
74.3
74.5
474 0
323. 5
143. 5
85.6
90.0
126.6
93.4
33.1
23.0
97.1
129.2
98.4
30.8
21.9
104.4
130.4
104. 3
26.1
23.1
103.2
131.1
100. 5
30.6
18.7
103. 0
134. 7
103. 5
31.2
21.5
101.3
136.7
103.7
33.0
18.0
109.6
146. 1
107.9
38.2
23.9
108.8
126.5
98.6
27.9
22.3
113.9
146. 1
109.3
36.8
24.9
102.8
145. 8
109.1
36 7
25.2
91.5
124.5
90.9
33.6
21.0
93.8
89.9
2 249. 3
2186.3
262.9
246.8
106.1
132.3
101.4
30 9
25.8
104.2
142.0
104.1
37.9
22.4
43.8
11.9
38.4
5.6
47.7
4.7
36.0
3.4
50.2
6.2
32.3
6.9
54.1
6.2
16.9
5.9
64.6
5.3
41.4
6.9
47.0
8.1
22.5
7.3
28.3
5.3
62.6
14.1
21.5
6.4
51.3
36.1
114.6
48.7
36.0
124.0
30.5
25.3
137. 1
53.4
46. 9
115.2
37.6
31.9
134.7
38.4
31.7
125. 4
33.9
27.7
151.0
30.8
26.2
138.8
30.2
27.2
142.6
37.5
34.6
142.9
26.3
22.9
95.8
32.0
27.4
137.6
32.3
23.1
28.2
20.0
132.9 v 146. 1
24.0
21.2
"139. 4
174.3
98.0
. 3205
187.7
105.1
. 2992
159.1
102.9
.3060
159. 4
102.4
.3060
150.5
92.0
. 3060
157. 5
98.9
.3060
155.9
102.2
.3060
142.4
96.8
.3060
153.3
98.4
.3060
157.1
102. 5
.3060
206.8
121.1
. 3060
204.2
105.4
.3060
194.4 TV 205.9
104.0 'V 100.3
. 3060
.3060
p 202. 9
p 102.5
.3060
470
380
216
517
388
212
20.6
39.2
21.8
37.7
20.4
40.7
19.8
34.8
22.5
36.7
21.9
37.2
21.9
37.1
24.0
35.5
25.0
37.7
24.0
36.6
21.3
31.8
16.6
35.7
14.2
37.3
14.5
40.7
29.3
85.1
33.7
85.6
40.6
90.0
40.8
89.7
39.2
96.1
30.6
85.4
45.7
88.0
36.3
83.8
33.8
91.9
30.9
87.6
23.2
77.2
33.8
93.1
36.3
89.2
38.9
103.8
26.3
91.7
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous sh tons
Estimated recovery from scrap
do
Imports (general):
Metal and alloys crude
do
Plates sheets etc
- - do _
Exports, metal and alloys, crude.
do
Stocks, primary (at reduction plants), end of mo.
thous. sh. tons
Price primary ingot, 99.5% min
$ per lb__
Aluminum shipments:
M^ill products and pig and Ingot (net) t mil Ib
Mill products total J
do
Plate and sheet (excl foil)§
do
Castings^
_ .. ..
-- 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 ©t
- do
Refined
do
Exports:
Refined scrap brass and bronze ingotst do
Refined
do
Consumption refined (by mills etc )
do
Stocks refined end of mo total
Fabricators'
Price, bars, electrolytic (N.Y.)__
-
do
do
_$ per lb_.
Copper-base mill and foundry products, shipments
(quarterly avg. or total):
Copper wire mill products©
Brass and bronze foundry products
do
do
Lead:
Production :
Mine, recoverable lead©
thous. sh. tons..
Secondary estimated recoverable©
.- do .
Imports (general), ore®, metalt
Consumption total 0
do _
do
Stocks, end of year or mo.:
Producers', ore, base bullion, and in process©
(ABMS)
thous sh tons
Refiners' (primary), refined and antimonial
thous sh tons
Consumers' c?
do
Scrap (lead-base, purchased), all consumers
thous sh tons
Price, common grade (N.Y.)
__$perlb._
581
402
235
145.1
100.6
107.6
100.6
90.7
93.6
93.0
88.3
95.1
94.3
96.5
87.4
87.7
95.1
205.6
99.1
204.9
106.5
208.1
96.1
207.2
93.7
200.0
101.3
203.6
104.3
199.7
106.7
193.7
106.6
188.4
106.0
191.1
102.1
188.4
99.4
179.5
92.0
172.1
90 8
46.6
.1195
41.3
.1087
39.4
.1020
38.6
.1025
40.3
.1003
37.2
.0958
34.4
.0950
33.9
.0950
35.4
.0950
36. 5
.0950
39.9
.0950
39.0
.0950
35.4
. 0950
35.6
.0950
. 0995
1,169
3,295
1.840
250
6,710
4,290
743
3,325
1,810
250
6, 520
4,140
577
4,204
1,960
285
6,880
4,460
1,346
3, 628
1,795
305
6,340
3, 990
29
4,625
1,930
220
7,440
4, 750
1,038
1,818
1, 675
205
6,970
4,690
670
4,247
1, 890
245
7, 360
5,280
728
3, 457
1,795
240
6,920
4,850
622
4,315
1,920
265
7,230
5,170
1,005
2 383
1,820
235
6,710
4,735
530
2,784
1,630
270
5, 610
3,850
60
3,347
1,700
255
6,150
4,175
242
4,042
1,700
240
5 690
3,910
0
2 809
340
4 086
71
do _
22, 750
do
$ p e r l b _ _ 1.0140
67
22, 630
1. 1327
54
25, 055
1.2289
43
27, 028
1. 2098
49
25, 735
1. 2030
7
23, 710
1.2106
98
22, 805
1. 2308
3
22, 135
1. 2212
9
20, 510
1. 1719
Zinc:
Mine production, recoverable zinc
38.7
36.3
36.6
37.8
36.0
thous. sh. tons._
Imports (general):
38.1
34.6
41.3
30.3
39.4
Ores©t
do
10.2
10.6
10.1
14.5
11.4
Metal (slab, blocks)
do
Consumption (recoverable zinc content):
7.4
8.1
7.6
7.4
8.6
Ores©
_
_
__do
16.1
14.9 I 19.8
18.2
20.1
Scrap, all types
_
do
' Revised.
v Preliminary.
* Recoverable aluminum content. Monthly data are
expressed in metallic content (incl. alloying constituents); aluminum content is about 93%
of metalic content.
2 Data are for Aug. and Sept. 1962.
3 includes 3,000 tons of tin made
available
by GS A for disposal at a maximum
rate of 200 tons per week during remainder of 1962.
4
5
Includes tin held by GSA.
Aug. 1962 consumption of copper-base scrap is included
in Sept. 1962 data.
.3060
535
390
212
607
422
242
158.9
97.3
Tin:
Imports (for consumption) :
Ore©
_
-_
Ig tons
Bars pigs etc $
do
Estimated recovery from scrap, total©
do_ _
As metal _
_
do
Consumption, pig total
do
Primary
_ do
Exports, incl. reexports (metal)
Stocks, pig (industrial), end of mo
Price, pig, Straits (N.Y.), prompt
532
414
233
.2254
1
21
20, 735 20, 225
1. 1302 1. 1145
.1000
6 080
4 150
45
23
110
19, 695 322, 100 * 20,865
1. 0846 1.0846 1. 0876
36.7
42.6
41.9
43.6
42.4
38.4
44.5
41.9
46.9
36 9
11.2
50 0
14.1
32 2
13.2
54 5
9 2
45 3
9.8
40 2
13 8
34 2
8 2
40 0
11 5
39 7
11 7
7.2
18.2
7.9
22.7
9
1. 1078
1. 1064
34 o
10 2
7.9
86
7 5
7 8 r5 7 7
78
81
5
20.1
21.8
20.8 1 16.8
6. 2
20.6
3L 7
§ Effective with the February 1962 SURVEY, figures for plate and sheet exclude shipments
of foil; comparable data back to January 1954 are available upon request.
©Basic metal content.
J Scattered revisions for 1960-Feb. 1961 will be shown later.
o" Consumers' and secondary smelters' stocks of lead in refinery shapes and in copperbase scrap.
0 Revisions for 1961 are shown in the Nov. 1962 SURVEY.
January 1963
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
| 1961
Monthly
average
1961
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
Oct.
Nov.
Dec.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PROD.— Con.
Zinc — Continued
Slab zinc:
Production (primary smelter), from domestic
and foreign ores
thous. sh. tons..
Secondary (redistilled) production
do
Consumption fabricators'
do
Exports
-- do
Stocks, end of year or mo.:
Producers' at smelter (AZI)zX
do
Consumers'
_do
Price, prime Western (St. Louis)
$perlb._
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, cast iron:
Shipments
mil sq. ft. radiation-Oil burners:
Shipments
thous _
Stocks end of year or mo
do
Stoves and ranges, domestic cooking:
Shipments,
total
(excl.
liquid-fuel
types)-.
-do
Oasd71
^o
Stoves domestic heating shipments, total do
Oasf
-- do
Warm-air furnaces (forced-air and gravity air-flow),
shipments^ totalt
- thous..
Gss
do
Water heaters gas shipments
do
MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, qtrly. totals:
TJnit heater group new orders®
do
Foundry equipment (new), new ord'ers, net
mo avg shipments, 1947-49—100
Furnaces, industrial, new orders, net:
Fuel-fired (oxc for hot rolling steel)
do
66.6
5.7
73.2
6.3
70.6
4.6
77.6
4.2
76.7
5.2
83.5
1.3
80.1
5.1
79.3
3.5
78.4
5.5
91.5
1.1
74.4
4.9
85.2
4.1
79.5
6.0
93.0
4.8
78.7
5. 1
86.4
6.5
78.9
4.1
91.1
2.5
68.9
4.1
80.3
2.4
66.8
4.0
66.7
2.4
69.1
3.7
79.4
1.6
70.6
4.0
83.3
2.1
72.7
5.3
89.4
3.5
185.9
68.9
.1295
145. 5
93.8
. 1154
146.4
81.6
. 1150
151.2
90.6
.1198
150. 3
86.9
.1200
144.7
86.6
.1200
138.7
86.3
.1200
144.6
83.9
.1150
145.3
76.1
.1150
147.1
72.5
.1150
162.4
72.8
. 1150
167.9
68.7
.1150
168.9
'61.6
.1150
159.4
63.9
.1150
1.7
2.8
1.2
2.6
1.3
2.7
.9
2.6
1.1
2.5
1.1
2.6
1.0
2.8
.6
3.2
.8
3.4
1.0
3.4
.9
3.0
1.3
2.7
1.4
2.5
1.6
2.1
42.8
45.9
44.4
44.8
46.1
41.4
37.4
44.8
31.2
49.9
32.3
52.2
39.8
55.6
28.8
62.8
36.4
64.0
41.3
65.4
31.6
64.1
50.1
62.2
62.0
55.2
62.7
52.7
151.8
148. 5
155.8
152.5
164.6
159.7
148.6
146.5
149.5
146.7
157.6
155.0
175.6
172.7
163.2
159.7
168.3
165.5
167.4
164.4
142.2
139.3
182.0
178.4
r Igfl 5
' 182. 5
195 9
191.6
154.7
100.9
145.8
88.1
167.8
105.5
84.4
45.8
86.1
49.6
79.8
42.1
117.9
78.6
84.7
44.8
110.4
54.6
138.0
88.6
161. 6
95.4
277.2
154. 0
' 251. 8
150.0
281.4
167.5
104.8
78.9
208.2
102.9
80.6
204.7
99.6
76.6
193.7
85.4
68.7
213.2
86.8
71.4
207.7
81.0
65.1
191.4
86.9
70.7
216.0
90.5
75.1
201.8
98.7
81.6
195.8
107.2
88.5
232.2
111.8
89.9
201.2
134.5
105. 2
226.1
154.4
'117.4
194.4
153. 2
117.6
255. 6
i 38. 5
121.5
U0.8
115.7
118.8
96.9
77.7
86.8
153.2
145.3
98.5
163. 4
114.3
182.5
324.6
161.2
114.1
116.6
175.3
1.3
2.9
1.0
2.6
.8
2.6
.9
2.1
1.9
5.8
1.4
2.6
1.0
1.5
1.1
2.9
1.2
3.4
1.7
2.1
1.2
3.9
1.2
1.6
1.0
1.6
1.1
1.9
1.1
5.1
103.4
89.6
91.3
81.3
97.0
82.7
104. 5
75.8
108.5
79.7
115.8
101.5
115.6
107. 5
131.3
107.9
129.4
118.7
110.2
111.2
104.7
119.2
109.8
109.4
121.0
119.3
385
380
272
292
336
383
333
327
357
326
506
523
541
388
535
533
492
560
568
524
517
420
528
506
527
503
525
504
1, 639
1,031
981
1,328
1,278
2,185
2,180
2,272
2,641
2,368
2,681
2,525
2,881
2,249
47. 90
41.20
47.65
38.45
4.1
Material handling equipment (industrial) :
99.2
New orders index*
1957-59=100
103.1
Shipments index*
do
Industrial trucks (electric), shipments:
461
Hand (motorized)
number _ .
470
Rider-typo
do
Industrial trucks and tractors (gasoline-powered),
shipments
-- - number. _ 1,885
Machine tools:
Metal cutting tools:
Orders new (net) total
Domestic
Shipments total
Domestic
Estimated backlogMetal forming tools:
Orders new (net)
Shipments
Estimated backlog
39.7
16.9
41.5
13.6
149.6
.1150
.1150
37 4
15.1
46.0
18.4
mil. $
do
do
do. ..
months..
41.90
29.35
42.30
32.85
4.4
46. 35
31.40
42.30
28.60
5.0
51. 95
39. 80
48.10
32.20
5.5
44.65
33.50
57.25
39. 55
42. 05
34.30
43.05
30. 65
33. 95
26. 30
42. 10
30.15
44.60
35.30
55.40
38. 65
43.70
34.45
48.70
3 5. 30
4.3
51. 65
41.65
54.60
36. 40
4.1
50.00
40. 25
60.00
41.90
3.9
46.60
37.45
39.45
28. 95
4.0
38. 50
33.20
39.50
29.65
4.1
39. 35
31.60
43.70
33.70
4.0
' 48. 30
' 41. 90
' 44. 75
' 34. 75
'4.1
mil. $ .
do
.months..
12.50
12.00
4.2
10.90
12.40
3.6
12.95
11.00
2.9
12.60
13.55
2.8
16.70
10. 25
3.3
15. 15
11.95
3.7
18. 75
12.00
4.4
16.20
11.65
5.0
11.95
12.10
5.1
13.40
13.70
5.0
14.00
12.50
5.0
12.50
11.40
5.1
10.75
9.45
4.9
' 16. 30 14.10
12.20
'16.90
r
4. 7
4.3
1252.2
i 67.5
116.2
1237.4
i 59. 4
118.6
182.0
44.8
13.5
i 58.0
155.2
46.5
189.4
1 107. 4
79.9
1 186.2 1181.3
122.3
219.1
Other machinery and equip., qtrly. shipments:
Construction ' machinery (selected types),
total 9
mil $
Tractors tracklaying total
do
Tractors, wheel (con. off-highway)
do
Tractor shovel loaders, integral units only
(wheel and tracklaying types)
mil $
Tractors, wheel (excl. garden and contractors'
Farm machines and equipment (selected types),
excl tractors
mil $
ELECTRICAL EQUIPMENT
Batteries (auto replacement), shipments
thous
Household electrical appliances:
Ranges (incl. built-ins), domestic and export
salest
-thous
Refrigerators and home freezers, output^
1957-59=100
Vacuum cleaners (standard type), sales billed
thous..
Washers, sales billed (dom, and export) O- -do
2,194
2,359
2,855
3,010
124.6
127.5
130.9
104.5
107.0
109.0
276. 1
272. 9
273.6
278.9
300.8
286.2
1,427.2 1,447.8 I, 730. 8
Radio sets production§
do
475.7
514. 8
583.0
Television sets (incl. combination), prod.§ do
Electron tubes and semiconductors, factorv sales
79.5
78. 5
mil. $.. 82.6
Insulating materials, sales billed, Index
137
149
134
1947-49 = 100
Motors and generators:
i 162
New orders, index, qtrly
. . . - . _ . do
i 150
New orders (gross) :
13. 6
Polyphase induction motors, 1-200 hp..mil. $..
12.3
11.1
2.3
D.C. motors and generators, 1-200 hp
do
2.3
1.7
220.7
61.0
13.6
325.3
81.9
30.8
257 8
64.0
21 4
48.1
67.8
59 8
132.2
153.1
97.1
237.6
190 6
3,219
2,466
1,776
147.4
130.3
133.6
156.7
116.2
111.2
121.4
135.2
269.9
252.4
301.0
263.9
304.5
289.6
330.2
334.0
290.7
265.2
148.0
115.1
129.9
'155.9
' 142. 1
138.3
144.7
116.9
75.6
123.0
114.3
114.1
247.3
334.9
236.8
264.2
301.5
348.7
355. 1
389.2
366.0
337.0
366.7
292.1
132.5
137.6
134.0
122.7
282.9
296.0
76. 0
72.9
73.1
85.9
77.2
77.0
80.0
61.9
157
154
160
185
15.5
166
160
119
11.2
2.4
11.9
2.3
13.6
2.4
13.1
2.5
13.3
2.0
13.8
2.4
1,444.1 31,721.9 1,134.2
336.4
474.6 3620.7
144
240.1
3, 529
1,350.6
488.9
143
248.1
2,979
580. 3
12. 3
2.5
2 17.8
2,591
1,967
1,464.8 31,810.4 1,472.7
510. 6
541.5 s 659.3
221.4
2, 143
1,770
1, 551
3
1,845 2
3
2
* Revised.
1 Quarterly average.
For month shown.
3 For 5 weeks.
A Producers' stocks, elsewhere, end of Dec. 1962, 30,600 tons.
cf Includes data for built-in gas fired oven-broiler units; shipments of cooking tops, not
included in figures above, totaled 32,100 units in Oct. 1962.
t Revisions for gas heating stoves (Jan.-June 1960) and warm-air furnaces (Jan.l959-June
1960) are available upon request.
©Beginning 1961, excludes new orders for gas-fired unit heaters and duct furnaces; revisioris for 1960 are shown in the Apr. 1962 SURVEY.
*Revisions available back to 1954.
3.5
154.2
1,253.8
500.7
3
2, 196.4 1,835.9
3 731. 5
570. 0
1,735.3 3 1,3 769. 5
' 517. 3
533. 1
3
81.6
81.6
81.4
77.3
11.9
2.2
12.8
2.2
12.4
1.8
10.3
1.9
157
12.4
1.7
9 Includes data not shown separately.
^Revisions for 1960 appear in the Feb. 1962
SURVEY.
INote change in reference base; data prior to 1960 on 1957-59 base are available
upon request,
OData exclude sales of combination washer-drier machines; such sales (incl exports)
totaled 3,600 units in Nov. 1962.
§Radio production comprises table, portable, auto, and clock models; television sets
exclude figures for color sets. Data for Dec. 1961 and Mar., June. Sept., and Dec. 1962 cover 5
weeks; other months, 4 weeks.
SURVEY OF CURRENT BUSINESS
January 1063
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
S-35
1961
Nov.
1962
Dec.
Jan.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1,525
124
228
1, 660
1,511
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production.
thous. sh. tons_.
Stocks in producers' yards, end of mo
do
Exports
do
Prices:
Retail, stove, composite
$ per sh. ton-Wholesale, chestnut, f.o.b. mine
do
Bituminous:
Production
thous. sh. tons__
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
month, total?
thous. sh. tons..
Electric power utilities
do
Mfg and mining industries, total
do
Oven-coke plants
do
Retail dealers
--
-
1,501
276
224
1,376
233
200
1,806
193
192
1,519
159
98
1,509
149
178
1,254
156
53
1,315
193
119
1,336
217
159
904
195
195
1,325
171
301
1,190
159
173
28.14
13. 347
28.24
13. 370
28.90
13. 930
29.08
13. 930
29.10
13. 930
29.10
13. 930
28.88
11. 998
28.14
11. 998
27.75
11.998
28.00
12, 488
28.09
12. 488
28.11
12, 978
34, 626 133,581
27.67
13. 948
208
29.06
29. 08
13. 468 "13. 468
r
37, 078
35, 044
37,620
32, 970
36, 170
34, 100
36, 720
37, 390
22, 040 38, 930
231,702
2 14, 490
214,425
26,751
131,200
14, 969
113,856
1
6, 157
34, 018
15, 734
15, 396
6,989
37, 290
17,007
16, 619
7,391
39, 437
17, 723
17, 120
7,641
34, 475
15, 443
15, 490
7,046
35, 775
16, 172
16,431
7, 697
30, 889
14, 137
14,919
7 194
29, 852
15, 134
13, 828
6,437
28, 444
14 987
12, 571
5 479
27, 940
15 332
11, 579
5 140
30, 070
16, 288
12, 236
5 358
29, 371
14 995
12, 223
5 350
31, 960
15 968
13, 436
5 574
2,534
2,311
2, 789
3,645
4, 593
3,541
3,169
1,794
798
796
947
1,455
2 065
2 464
72, 333
48, 244
23,216
11,287
69,120
47,618
20,970
9, 680
73, 851
50, 421
22, 808
10, 454
71,418
48, 609
22, 283
10, 393
6(5, 940
45, 298
21, 184
9,779
64, 523
43, 596
20. 521
9.408
63, 222
42, 194
20, 726
9,405
64,185
43,171
20, 718
9 431
66, 402
44, 965
21,039
9,666
69, 327
46 782
22, 079
10 355
66. 098
45 153
20, 468
8 257
68, 489 »• 70, 241
47, 340 49 274
20, 619 r r20, 445
8,277
8 180
72, 818
51 442
20, 867
8 622
34, 110 '40,180
37,0(10
693
538
622
526
458
406
302
296
398
466
477
530
522
509
3,045
2.915
3,202
2, 565
1 , 900
2,421
2, 426
2,854
3, 788
3 530
3,087
4,165
3,949
3,993
3 643
17.06
17. 12
17.33
17. 33
17.45
17. 45
17.45
17.43
16.97
16.89
16.95
17.00
17.31
17.55
17.54
5. 164 35.018
7. 541
7.690
5.013
7. 690
5. 013
7. 690
5. 016
7.717
5. 018
7.717
5.018 < 4. 932
7.700 < 7. 329
4.932
7. 164
4.914
7.179
4.914
7.271
4.914
7. 300
4.914
7.539
4.914 p 4. 914
7.608 p 7. 745
84
4,685
1,000
573
s 4, 236
1,256
75
4,822
1,270
78
5,091
1,334
100
5, 274
1,319
92
4, 868
1,218
94
5. 155
1,338
76
4 928
1,170
57
4 453
1,337
53
3 788
1 392
42
3 559
1 339
48
3 692
1 369
50
62
3 692 r 3 852
1 302 1 323
e 4, 152
6 2, 947
1,205
1,159
29
4,398
3,030
1, 369
1, 064
37
4,024
2, 796
1,228
1,068
39
4,032
2,820
1, 212
1,063
45
3, 860
2,679
1,181
1.062
23
3, 761
2,614
1, 147
1,053
16
3,637
2, 501
1,136
1,071
22
3, 651
2 507
1,144
1 031
39
3,774
2 623
1,150
1 014
28
3 832
2 697
1 135
1 012
31
3 978
2 838
1 141
1 048
34
4 065
2 971
1 094
1 010
66
4 174
3 094
1 079
1 044
65
1, 874
2.97
246.0
83
1,821
2.97
248.9
82
2,031
2.97
246.1
82
1,956
2.97
258.9
84
1,926
2.97
265. 3
86
1,553
2.97
242.0
86
1, 546
2.97
254.0
82
1,527
2.97
243 0
81
2,126
2.97
256 3
83
1,732
2 97
258 8
86
1,711
2 97
264 4
85
2,028
2 97
262 5
85
1,499
2 97
252 7
84
298.3
306.9
303.1
320.2
335.2
297.8
326.3
311.2
312.6
305 4
313 7
319. 5
311 4
322 6
214.6
28.4
218.5
30.2
214.6
31.2
226.6
32.6
227.8
31.9
209.1
29.2
228.7
32.0
221 7
30.3
223.0
30.4
217 7
29 1
224 0
31 0
294 o
30 4
919 6
30 2
998 4
31.0
24.4
-2.5
31.8
26.5
3.4
30.1
27.2
-12.9
29.2
31.8
-28. 3
36.3
39.3
-37.1
31.6
27.9
-13.1
31.8
33.9
-10.8
32.2
26 9
19.8
34.2
25.1
14.6
33 8
24 7
14.1
35 9
22 8
17.6
40 3
24 5
17.3
34 4
27 2
21.1
35 8
26 9
1LO
do
300.8
303.6
316.0
348.5
372.3
310.9
337.0
291.5
298.0
291 3
296 2
.3
5.0
298.3
127.8
12.0
.4
5.0
310.6
128. 5
13.9
.3
4.7
343.6
125.9
17.8
.1
4.7
367.5
121.4
21.1
.1
5.0
305. 8
109.2
16.0
.2
4.6
332.2
130. 4
15.0
1
4.9
286 4
129.5
10.6
.3
5.2
292.5
140.7
9.0
290 3
I
4 8
286 5
140 4
9.2
50
°91 0
142 5
10 9
302 2
9
52
996 8
147 2
10.6
311 6
_ do
do
do
do
do
.3
5.9
294.6
126.0
11.0
5
984
126
12
4
307
136
13
do
do
do
57.1
46.6
8.6
57.9
45.7
8.7
64.2
48.9
8.4
87.8
55.6
8.6
101. 1
63.9
9.5
82.4
50.4
7.3
75. 6
55.6
9.6
53.7
40 5
8.9
44.6
38.6
10.0
40 0
34 5
10.4
40 6
33 7
87
36 6
35 0
10.1
do
do. ..
do
3.6
8.7
18.9
3.5
9.0
19.5
3.5
7.6
21.9
3. 1
3.9
26.7
3.5
3.4
29.6
3.5
3.6
20.8
3.6
4.8
22.7
3.8
6 9
18.4
4.0
11.2
17.8
37
13 8
17 5
36
14 9
19 0
38
17 2
18 4
790.2
248.0
28.4
513.9
s 814. 3
249.4
35.9
8
529. 0
853. 3
248.7
41.7
563. 0
825. 1
244.7
37.1
543.3
788. 0
242.4
29. 9
515. 7
774. 9
240.2
30.0
504.7
764. 1
245. 6
30.2
488.2
783.9
255.9
32.8
495 2
798.4
255.7
35.3
507.4
812. 5
247 7
37 3
527 4
830. 1
242 4
39 1
548 6
847.4
243 6
40 3
563 5
126.9
1.1
127.7
.7
128.3
.9
133 8
.3
132.8
A
118.9
.4
129.9
.1
123 6
.6
131 9
.3
132 7
6
139 7
g
136 6
g
132 5
g
139 7
8
188.9
12.7
189.5
13.3
174.0
12.8
184.2
11.7
195.6
(9)
205.7
206. 0
200 4
192.4
185 5
183 1
173 0
179 9
176 4
.116
.117
.105
.115
.110
.098
.090
.115
.115
.120
.120
.120
.120
.120
p .120
.210
.205
.205
.204
204
198
. 198
195
198
198
202
216
209
207
212
- do
Exports
do _.
Prices:
Retail, composite
$ per sh. ton..
Wholesale:
Screenings, indust. use, f.o.b. mine
do
Domestic, large sizes, f.o.b. mine
_do
COKE
Production:
Beehive
Oven (byproduct)
Petroleum coke§
_
Stocks, end of month:
Oven-coke plants, total
At furnace plants
\t merchant plants
Petroleum coke
Exports
-
1, 568 i 1, 454
315
193
120
129
thous. sh. tons
do
- -. do
do
do
do
do
- - - - - do
r
r
4 131
3 084
l'o47
1 037
38
32,590
64
3 823
4 018
3 024
' 994
12
PETROLEUM AND PRODUCTS
Crude petroleum :
Oil wells completed
.__
Price at wells (Okla.-Kansas)
Runs to stills
Refinery operating ratio
.number..
$ per bbl__
mil bbl
% of capacity--
All oils, supply, demand, and stocks:J
New supply, total
mil. bbl__
Production:
Crude petroleum
do
Natural-gas liquids, benzol, etc
do
Imports:
Crude petroleum
._
do
Refined products
do .
Change in stocks, all oils (decrease,—)
do
Demand, total
Exports:
Crude petroleum
Refined products
Domestic demand, total 9
Gasoline
Kerosene
Distillate fuel oil
Residual fuel oil
Jet fuel
.-
-
_
Lubricants
Asphalt
Liquefied gases.
Stocks, end of month, total^.
Crude petroleum
Natural-gas liquids
Refined products^
__
do
do
do
do
Refined petroleum products: J
Gasoline (incl. aviation):
Production
do .
Exports
do
Stocks, end of month:
Finished gasoline
do
Unfinished gasoline
do
Prices (exel. aviation):
Wholesale, ref. (Okla., group 3)
$ per gaL.
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
__$pergal
r
1
Revised.
* Preliminary.
Revisions for Jan.-June 1961 will be shown later.
3 Revisions for Jan.-Sept. 1960 appear in the Dec. 1961 SURVEY.
s4 Monthly average based on Apr.-Dec. data.
Data beginning April 1962 are not entirely comparable with earlier data; March 1962
prices
comparable with later data: Screenings, $4.932; domestic, $7.882.
5
Revisions for Jan.-May 1961 will be shown later.
s Revisions for Jan.-Aug. 1960appear in the Nov. 1961 SUEVEY. ? Less than 50,000 bbls.
* See note marked "V*.
9
(7)
9
r
7
5
4
0
44 4
2 023
2 97
9
56 1
83
31 r>
(~\
0
6
9
6
11 6
51 3
43 1
89
35
13 3
19 5
39
13 3
20 8
r 38 8
j > 2 97
' 868. 5 879. 5
244 2
251 7
40 4
39 3
583 9
588 ^
204
Beginning January 1962, data for unfinished gasoline are no longer shown separately
but are included with unfinished oils.
9 Includes data not shown separately.
§Includes nonmarketable catalyst coke.
J Minor revisions for Jan. 1959-Sept. 1961 for various items will be shown later.
t Beginning Jan. 1961, data for the indicated items include stocks formerly excluded.
Dec. 1960 data on revised basis may be derived by adding to the published totals and individual stocks the following amounts (thous. bbls.): Jet fuel held by pipeline companies,
414; bulk terminal stocks—lubricants, 2,429; asphalt, 2,849; miscellaneous oils, 131.
SURVEY OF CURRENT BUSINESS
S-36
1960 j 1961
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
Monthly
average
January 1963
1961
Nov.
1962
Dec.
Jan.
Feb.
Mar.
May
Apr.
June
July
Aug.
Sept.
Oct.
Nov.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued!
Aviation gasoline:
Production
. -- -.mil. bbl__
Exports
do
Stocks end of month
- -do
Kerosene:
Production
-- do
Stocks end of month
do
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gal._
Distillate fuel oil:
Production
mil. bbl__
E xports
do
Stocks end of month
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gal—
Residual fuel oil:
Production
mil. bbl__
Imports
do_ __
Exports
do
Stocks end of month
do
Price wholesale (Okla., No. 6)
$perbbl__
Jet fuel (military grade only) :
Production
mil bbl
Stocks end of month
do_ __
Lubricants:
Production
-- --do
Exports
do
Stock^ end of month
_do. __
Price, 'wholesale, bright stock (midcontinent,
fob Tulsa)
-- $ per gaL.
Asphalt:
Production
__mil. bbl_Stocks, end of month
do
Liquefied petroleum gases:
Production
do
Transfers from gasoline plants
_ -do
Stocks (at plants, terminals, underground, and
at refineries) end of mo
mil. bbl-_
Asphalt and tar products, shipments:
Asphalt roofing, total
thous. squares-Roll roofing and cap sheet
do
Shingles all types
- do
\sphalt siding
Insulated siding
Saturated felts
do
do
thous. sh. tons.-
_ __
9.5
.8
13.5
9.9
.6
11.7
9.3
.8
11.1
10.3
.2
11.6
9.2
.3
10 9
9.2
.3
11.3
9.9
.1
11 2
9.7
.4
11.1
10 6
11.3
28.7
U1.9
31.0
12.6
36.2
13.8
32.4
14.6
26.4
14.7
25.3
12 8
23.3
10 8
10 3
11.0
10 4
99
10.3
10 6
10 2
9 8
10 1
10 0
11.1
24.2
11.4
27.3
11 5
30 1
13 3
33.2
12 6
35.7
12 4
36.7
13 5
37.3
.2
.5
.5
.6
.5
.6
.104
2.109
.108
.113
.113
.113
.110
.104
.104
.099
.099
.099
.099
.099
55.6
1.1
.8
127.9
158.1
1.4
.6
127.6
59.5
1.5
.6
174.2
63.8
2.5
.7
152.0
68.5
2.3
.8
121.0
61.2
.6
.7
100.0
62.1
.7
.9
86.5
54.4
57.5
58 5
10
59 4
59.0
58.2
59.3
88.3
102.3
121 5
140 6
177. 0
185.2
.094
3.099
.098
.103
.103
.103
.100
.094
.091
.086
.086
.086
.086
.086
27.7
19.4
1.5
45.1
1.69
26.3
20.3
1.2
45.8
1.58
25.7
21.6
1.0
46.7
1.45
30.0
24.8
1.3
44.9
1.55
30.4
31.0
1.2
41.6
1.55
26.5
22.9
1.6
39.5
1.65
26.9
27.5
1.4
37.1
1.65
22.9
20.4
23.3
18.2
22 2
16 8
23.2
17 0
22.9
16 3
23.1
17 8
22.5
19 3
39 3
1.65
41 0
1.55
44 9
.155
50 7
.155
54 1
1.55
55 7
1.55
54 1
1.55
7 4
6.6
i3 g 0
7.6
82
7.8
86
8.3
8.1
8.1
93
91
82
85
81
9 7
87
88
84
9 5
9 4
4.9
1.4
12. 7
5.0
1.5
12.3
4.9
1.2
12.9
5.0
1.3
13.1
4.7
.9
13.4
5.3
1.8
5.0
1.7
51
53
50
53
53
13.6
13.3
12.7
12 5
12 5
12 2
12.2
12 6
.257
.260
.260
.260
.260
.260
.260
.260
.260
.260
.260
.260
.260
.260
8.2
12.8
8.5
^16.0
7.6
10.9
5.8
13.0
4.8
14.7
5.1
16. 6
7.0
8.5
19.0
20.8
11.3
21.3
11 7
19.9
12.7
18.4
12.7
14.4
11.8
13.6
10 4
11.4
6.5
12.7
6.6
13.3
6.6
15.7
7.1
19.3
6.5
22.4
6.0
14.6
6.7
15.8
6.3
6.7
12.5
12.0
6.5
6.7
6.3
11 7
12 6
12 2
24.2
34.4
41.9
36.4
28.2
27.7
27.7
30.4
33.5
35.8
37.6
39.4
4,997
1,813
3,184
5,131
1,778
3,352
4,435
1,558
2,876
3, 310
1,219
2,092
5,119
1,771
3,348
2,531
903
1,628
5,814
1,584
4,229
4. 396
1. 641
2 755
5,181
1,865
3,316
6,250
2,140
4 110
6,289
2,262
4 027
73
94
82
71
85
77
82
76
73
52
43
63
75
32
97
36
38
48
62
59
78
50
79
83
58
102
87
61
99
94
68
99
89
83
116
97
83
100
90
4.9
1.3
9.4
3
o o
5.0
1.2
1.5
.5
1.5
.4
1.0
1.5
8.3
8.5
r
.3
8
1.5
.7
.4
1.0
1.6
.5
.5
163.0
1.1
r
.7
.5
1.0
.9
r
.8
r
».091
.6
1.9
1.5
P. 101
p 1 55
1.0
6.2
6.0
13 6
14 3
39. 7
38 6
6,964 r 6, 469
2 501 r 2, 470
4 463 r 3 999
P 260
7,588
2 955
4 633
5,286
1,984
3 302
103
108
105
80
64
88
3,945
3 867
5 393
3,580
3 691
5 276
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpvvood:
Receipts
Consumption
Stocks, end of month
thous. cords (128 cu. ft.)_.
do
__
do
3,448
3,374
5,483
3,465
3,516
5,769
3,498
3 731
5,521
3,258
3,379
5,495
3, 573
3 677
5,270
3,793
3 578
5,522
3,830
3 834
5 493
3,353
3 689
5,116
3,694
3 894
4 915
3,697
r 3 733
4 852
3,503
3 344
5 002
4,197
3 870
5,321
3,480
3 500
5 314
Waste paper:
Consumption
Stocks end of month
_ __ thous. sh. tons__
_
do
753
550
751
517
770
509
710
562
780
494
729
481
795
479
760
496
777
493
762
494
672
507
778
493
738
476
793
505
737
523
WOOD PULP
Production:
Total, all grades
thous. sh. tons_.
Dissolving and special alpha
do
Sulfate "
do
Sulfite
- .do
2,110
2,210
2,093
106
206
1,413
1,368
221
2,464
111
1 447
223
2,368
106
1 390
215
2,471
214
2,234
102
1,334
212
2,118
1,201
2,273
113
1,339
222
2, 345
1,285
2,363
106
1,402
226
2,410
1,216
1,242
1,452
2,465
106
1 426
239
2,350
111
1 370
205
274
100
267
102
209
242
274
105
257
89
275
93
289
110
275
110
218
270
105
297
115
260
265
288
112
288
109
226
295
116
260
101
251
234
274
99
226
995
114
2,237
98
1 302
195
258
237
273
268
282
267
899
879
867
837
882
872
898
324
329
297
881
916
873
876
895
504
73
499
75
500
75
511
73
522
74
513
69
508
72
525
74
113
106
96
101
Groundwood
Defibrated or exploded
Soda, semichem., screenings, etc
Stocks, end of month:
Total, all mills
Pulp mills
_
Paper and board mills
Nonpaper mills
Exports, all grades, total _ _
Dissolving and special alpha
All other
do
do
do
95
215
— ..do do
do
do
902
do
do
- - do -
95
Imports, all grades, total
Dissolving and special alpha _ _
All other
do
do
do
100
299
326
529
74
509
64
305
292
509
65
506
68
836
280
284
491
64
488
66
119
?20
298
511
72
105
295
98
95
98
85
99
34
61
83
43
53
40
58
34
51
87
36
62
47
52
32
51
38
49
198
15
206
13
231
14
210
12
219
16
238
18
233
25
234
28
184
192
217
2,965
1,312
1,370
13
270
3,127
1,355
1,493
198
203
220
2,843
1,305
1,303
3,139
1 395
1,476
3,013
1 326
1,431
208
207
272
904
86
193
110
321
35
72
38
58
49
52
231
21
241
23
209
23
218
242
23
210
186
219
45
67
290
r
297
296
81
106
35
65
32
48
38
69
223
21
264
25
244
25
202
238
219
100
PAPER AND PAPER PRODUCTS
All paper and board mills, production:
Paper and board, total __ .. thous. sh. tons,.
Paper
do
Paperboard
do .
Wet-machine board
do
Construction paper and board
do
r
2,870
1,283
1,306
15
266
11
268
11
224
12
257
Revised. » Preliminary.
i Beginning January 1961, data include production from natural-gas liquids (formerly
classified as transfers from gasoline plants). Revisions for Jan.-Sept. 1961 (mil. bbl.): Kerosene, 14.0; 12.2; 12.8; 10.6; 10.0; 9.5; 11.2; 11.4; 11.4; distillate, 64.5; 63.3; 56.0; 49.9; 52.9; 52.5;
58.3; 61.3; 54.6; jet fuel, 6.8; 6.7; 8.9; 8.0; 8.4; 7.5; 8.2; 8.9; 8.0.
3,139
3,277
3,278
3,298
3 180
2,838
3 059 r 3 366 3 157
1 441 1 396
1 440
1 404
1 370
1 216
1 321 r i 452
1 388
1,534
1,546
1,458
1,342
1,572
1 469
1 442 r 1 583
1 514
11
11
11
11
11
12
8
12
12
12
274
245
277
293
284
311
••320
272
289
285
2
Prices beginning Jan. 1961 not strictly comparable with earlier data,
s See note marked" V on p. S-35.
{See similar note on p. S-35.
Dec.
SUKVEY OF CUEEENT BUSINESS
January 1963
Unless otherwise stated, statistics through 1960
and descriotive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
S-37
1962
1961
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
Juno
Aug.
July
Oct.
Sept.
Nov.
Dec.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper, exc. building paper, newsprint, and paperboard (American Paper and Pulp Assoc.):
Orders n e w 9 t
- thous. sh. tons..
Orders unfilled end of month 9 t
do
Production t
Shipments 9 J
_.
Fine paper:
Orders, new
Orders unfilled end of month
do
do
926
682
959
653
978
639
948
644
1, 061
967
722
1,079
729
991
711
1,022
697
972
638
906
683
1,118
1,141
1,180
1 144
1,215
988
1, 158
953
1 263
1,054
1,227
1,001
1,260
1,039
1,191
1 060
958
922
941
974
667
983
r
r
r
985
669
rl
r
1
899
668
1
975
598
1
*• 5 962
»• 949
871
1 225
'998
M53
r
' 151
* 83
163
78
r
988
i 992
do
do.
144
79
157
84
157
75
149
69
168
91
160
97
181
101
164
97
163
85
167
86
149
97
do
do
148
145
160
156
166
158
164
155
162
165
159
153
175
178
171
165
174
164
169
162
142
144
r
r 166
160
' 158
169
173
do
do
398
396
402
368
400
338
416
360
440
355
428
397
478
415
429
409
435
385
405
356
392
377
' 412
*• 371
r
416
T 380
436
357
389
Production
do
391
Shipments
__ _
do
Price, wholesale, book paper, "A" grade, English
finish white, f o b mill
$ per 100 lb_. 16. 85
Coarse paper:
324
Orders new
_. - thous. sh. tons__
161
Orders, unfilled, end of month
do
389
388
401
404
397
400
422
422
402
402
449
449
423
423
440
440
418
419
366
367
r 423
T
449
449
16. 95
16.95
16.95
M6.53
16. 61
16.71
16. 44
16. 50
16.50
16 50
16. 50
16 50
334
154
348
176
320
161
373
193
314
175
347
160
324
149
340
139
325
140
295
142
'360
»• 152
332
do
do_
333
325
331
330
349
347
329
337
346
333
335
332
354
351
342
337
362
354
329
321
294
291
r
r
do
do_ _.
do
562
563
209
561
559
225
594
619
199
528
560
167
554
498
223
515
469
268
578
532
315
525
543
296
574
601
269
566
573
261
do
do_
do
170
169
34
174
174
40
178
185
37
163
167
33
185
175
43
169
170
42
187
186
43
173
180
36
190
187
39
_
Production
Shipments
Printing paper:
Orders, new
_
Orders unfilled end of month
Production
Shipments
-- -Newsprint:
Canada (incl. Newfoundland):
Production
Shipments from mills
_ __ _
Stocks at mills end of month
United States:
Production
Shipments from mills
- __
Stocks at mills, end of month _ _
Consumption by publishersc?1
do
Stocks at and in transit to publishers, end of
month cf
-- --thous. sh. tons..
461
4
4
4
3
87
167
M23
r
405
405
r 153
r
16. 39 p 16 39
376
163
356
332
' 329
322
370
370
527
529
260
568
575
252
552
558
246
618
646
218
609
625
202
188
182
44
165
169
40
188
182
47
171
179
39
188
192
35
189
1«4
34
455
499
473
434
415
481
487
499
457
423
442
479
511
508
634
620
612
584
585
586
587
550
547
557
587
621
599
609
597
451
Imports
do
Price, rolls, contract, delivered to principal ports
$ per sh. ton_. 134. 40
455
507
456
446
394
439
426
484
499
453
459
418
543
458
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
1, 321
1,400
1, 450
1,354
1,381
1,401
1, 588
1, 432
1,563
1, 530
1,356
1 594
1 433
1,608
1,333
1, 492
1, 371
1, 354
1,603
1,432
452
414
1, 389
486
1, 457
1,394
493
1, 326
1, 583
1, 539
1,281
1,608
1, 409
1,610
1,474
1,369
80
98
91
83
10 360
11 546
10 589
8 985
128.5
* 119. 3
38 28
69 83
42 24
.295
.300
Paperboard (National Paperboard Assoc.) :
Orders new
__thous. sh. tons__
Orders unfilled end of month
do
Production, total
_ _
do
Percent of activity
Paper products:
Shipping containers, corrugated and solid fiber,
shipments!
mil sq ft surf area
Folding paper boxes, shipments, index of physical
volume
.1947-49-100-.
427
89
461
91
485
95
445
82
473
91
483
96
466
97
468
94
460
451
496
476
92
134. 40 ^134. 40
96
95
97
9
9 207
11 421
125.7
114.1
137.1
33 50
69 75
37 09
.273
37 23
68 75
35 40
.274
35. 95
74 06
33. 29
.274
43.70
64 22
32. 67
.288
11
76
94
77
126. 80
103 25
256 65
29 38
129. 75
100 17
2.56. 26
32 71
134. 28
119 36
252 00
15 94
22 78
21 01
28 67
22 20
20 70
28 93
26 64
24 63
28 95
9,078
9,563
10, 006
9,000
9 523
9,036
11 145
9, 463
10 442
124.0
124.0
128.0
123.1
118.5
115.5
127.5
118.9
129.6
10 36
' 120. 3 ' 133. 8
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption _
thous. Ig. tons__
Stocks, end of month
_
do
Imports, incl. latex and guay tile
do__ _
Price, wholesale, smoked sheets (N.Y.)___$ perlb__
Synthetic rubber:©
Production
_
Consumption
_
_ _
Stocks end of month
Exports
_
39.92
78.48
34.23
.385
35.61
68.65
32.59
.296
38.31
63.07
36.71
.274
36.40
68.08
39.07
.278
40.47
69.74
41.46
.280
36. 18
69. 59
32.78
.283
39.63
69.52
29.97
.286
37.47
68 51
33. 20
.289
40. 45
64 98
37.84
.298
39.40
62 50
28.69
.283
thous. Ig. tons.. 119. 70
89.94
do
232. 52
_
do
28.74
do .
117.00
91.85
245.55
24. 75
129. 62
100.83
244. 89
24.42
138.49
97.58
256.24
27 92
127. 93
107. 07
247. 99
22. 05
127.17
95 85
255. 02
24. 43
138. 52
103. 89
261.84
27. 99
130.25
100 27
201 . 88
25 80
131.95
109 72
259 18
21 90
124. 61
107. 76
254. 62
26 38
do
do
do
24.40
23.04
32.02
21.99
20.86
32.15
22 34
21. 12
30 03
21 61
20. 17
30 83
25 14
23.21
30 54
22 30
21 01
30 27
24 38
22. 64
30 89
23 17
22 24
30 85
24 10
22 87
28 59
25 22
23 34
29 66
19 76
18 83
29 29
Reclaimed rubber:
Production
Consumption
Stocks end of month
125
90
263
24
134
105
254
23
98
87
32
47
93 65
21 32
30 22
TIRES AND TUBES
Pneumatic casings:
Production
thous
9,987
9 728
10 329
10 483
11 501
10 369
11 278
10 906
11 712
11 959
10 411
JO 722
10 651
12 856
10 844
Shipments, total
_
Original equipment
Replacement equipment
Export
do
do
do
do
9,975
3,350
6,482
9 859
2,838
6, 90S
9,739
3,841
5, 789
109
10, 977
3,534
7 333
139
110
9 036
3,227
5 680
10 915
3, 657
7 149
11 565
3, 735
7 717
12 084
3, 958
8 002
11 873
3,406
8 357
11 941
3, 336
8 492
10 202
1, 531
8 531
11 908
3, 307
7 731
114
9 176
3, 689
5 349
11 041
4, 206
6 696
140
170
13 043
4,349
8 528
Stocks, end of month
Exports (Bur. of Census)
do
do
26, 558
26 128
24 916
96 367
26 800
28 109
28 523
27 838
27 506
27 627
26 031
26 533 26 079
' 103
111
26 050
26 039
Inner tubes:
Production
Shipments
Stocks, end of month
Exports (Bur. of Census)
do
do
do
do
3, 415
3,399
10 34«
_
143
117
107
81
66
3 124
3,282
9 146
3 232
2,903
9 458
66
54
76
73
3 OO9
2, 888
9 784
3 691
5,367
8 062
61
81
129
64
3 605
3,679
8 131
50
109
86
4 009
3,582
8 714
109
113
75
3 413
3,240
8 794
83
123
110
86
91
3 497
3, 223
9 075
3 277
3,' 393
9 066
69
96
113
99
3 116
3,280
8 907
86
3 026
3,210
8 772
80
3 108
2,974
8 963
90
166
140
75
100
3 881
3, 534
9 290
3 141
3^ 251
9 280
62
79
7
Revised..
* Preliminary. 2 1 Data for indicated items exclude estimates for tissue
lows: Paper, exel. bldg. paper, etc., Jan.-Dec. I960; shipping containers, Jan. 1959-Mar.
and special industrial paper.
Beginning Jan. 1962, on revised basis (cash discount de1961.
cT As reported by publishers accounting for about 75 percent of total newsprint
3
ducted); not comparable with earlier data. Jan. 1962 price on old basis, $16.95.
Not
consumption in 1961. Alaska and Hawaii are represented beginning Jan. 1961.
4
entirely comparable with
data
prior
to
month
noted.
Includes
Alaska
and
Hawaii
0
Revised
effective with the June 1962 SURVEY to include data for stereo and other elas6
beginning July 1961.
Excludes estimate for tissue paper.
tomers (except polyurethane rubbers) as follows: Production and consumption, beginning
9 Data exclude estimates for "tissue paper."
| Revisions will be shown later as fol- Jan. 1961; stocks, beginning Dec. 1960.
SUEVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
1961
Nov.
January 1963
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
33, 669
Dec.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production, finished cement _
Percent of capacity
Shipments, finished cement
Stocks, end of month:
Finished
Clinker
thous. bbl._ 26, 588
26, 950
27, 625
23, 393
17,051
15, 309
20, 454
28,089
33, 719
32, 304
33, 388
36, 132
33, 926
29, 339
thous. bbL. 26, 244
26,889
25, 692
17, 485
13, 669
14, 477
21,269
27, 990
33, 677
33, 625
35,611
40, 669
33, 120
36,498
27,346
do __ 35, 512
25, 532
do
35, 879
25, 020
30, 382
16, 913
36, 343
19,531
39, 792
24, 758
40, 626
28, 956
39, 817
32, 891
39, 958
32, 767
40 076
30, 031
38 684
27, 942
36
453
9
5, 189
31,964 '32 522
20, 480 17, 831
29 950
15, 302
31 894
14 931
535. 6
39.7
145.8
550.1
39.1
134.8
387.4
30.9
98.1
319.0
28.4
81.6
358. 4
27.8
87.6
503. 5
31.3
125. 7
649.9
35.2
159.3
725.8
39.0
175.8
668. 7
36.1
172.5
676.6
39.2
170.0
718.2
37.8
186.3
' 608. 9
34.6
158.7
688.2
39.9
167.2
35.3
37.3
28.8
26. 5
23. 2
29.1
34.9
36.5
35.5
37.4
42.9
34.7
39.9
19.0
20.0
16.5
17.8
17.7
20.8
20.3
22.6
22.0
21.0
24.8
21.0
23.9
103.8
104.1
104.1
104.2
104.9
105. 1
105. 1
104.9
104.9
104.9
104.9
104.9
104.8
75
. _.
74
77
63
46
45
54
77
88
88
86
93
90
87
78
CLAY CONSTRUCTION PRODUCTS
Shipments: t
Brick, un glazed (common and face)
mil. standard brick.. 541.8
40.7
Structural tile, except facing
thous. sh . tons..
154.5
Sewer pipe and fittings vitrified
_ do .Facing tile (hollow), glazed and unglazed
mil. brick equivalent. . 33.9
Floor and wall tile and accessories, glazed and un19.4
glazed
mil. sq. ft
Price index, brick (common), f.o.b. plant or N.Y.
dock
_
1957-59 = 100.- 103. 5
104.8
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments (qtrly. total and qtrly.
average)
thous. $__ »70,482
«26,619
Sheet (window) glass, shipments
do
43, 863
Plate and other flat glass shipments
do
65, 113
27, 743
37, 370
Glass containers: J
Production
13, 358
13, 957
12, 769
11,949
13, 482
13, 103
14,480
14,016
15, 209
15, 978
15 753
16, 327
14,515
14, 999
13 347
12, 890
13, 633
12,840
12, 225
12, 623
11,905
13,975
13, 452
15,090
15, 535
14,113
17,312
16, 328
14, 396
13 003
thous gross
Shipments, domestic, total
do
General-use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
jelly glasses and fruit jars)
thous gross
71, 840
31 , 803
40, 037
74, 658
32, 144
42 514
64, 354
26, 613
37 741
69, 574
32, 677
36 897
1,469
1,492
1,190
1,016
1,163
1,173
1,396
1,251
1,256
1,487
1 606
3,082
2,845
1,579
1 086
3,698
3,904
3,926
3,656
3,859
3, 559
3,886
3,492
4,126
4.139
3,968
5, 035
4,517
4, 699
4,171
958
1,007
1,807
1,289
814
1,380
1,390
1,131
1.512
1,173
1,492
1,164
859
1,376
1,243
1,354
1,122
1,169
1,939
1,377
1 , 568
2,071
1,196
1,707
2, 651
1 261
1,717
2,929
1,284
1,389
2,705
991
1,104
2,391
1,296
2,811
1,326
1, 451
1. 563
1,528
1,433
2, 854
3,219
2, 964
3,277
2, 966
3,097
3, 035
869
123
826
118
2,618
3,357
3,123
3. 345
778
170
809
151
2,997
23, 205
23, 392
24, 656
23, 394
21, 195
21,412
21,590
14, 593
745
758
Beverage
Beer bottles
Liquor and wine
do
do _.
do
Medicinal and toilet
Chemical, household and industrial
Dairy products
do
do
do
2,901
1,095
2,985
1,007
3, 151
151
142
845
144
do
20, 705
21. 582
21, 706
1,326
°2, 456
1,242
2, 376
1,240
2, 404
1,019
2,038
1,364
2,609
1, 542
2,706
2 148
2, 062
2. 055
1 916
2 312
2 429
"930
976
65
1,049
65
643
67
1,132
71
1, 111
299
299
256
264
240
250
226
207
273
271
411.6
477 6
1 458 6 1, 483. 9
56.6
59 4
380. 6
1, 528. 5
54.0
335. 5
1, 395. 1
46.2
426.4
1,736.4
67 1
Stocks, end of month
734
149
21,157
842
139
21, 789
764
110
22, 779
811
120
796
112
23, 066
23, 256
724
112
879
168
799
968
674
146
GYPSUM AND PRODUCTS
Crude gypsum, qtrly. avg. or total:
Imports
thous sh tons
Production
do
Oalcined production qtrly avg or total
do
Gypsum products sold or used, qtrly. avg. or total:
Tin calcined uses
thous sh tons
Industrial uses
do
Building uses:
Plasters:
Base-coat
do
All other (incl Keene's cement)
do
Lath
Wallboard
All other §
mil so ft
do
do
67
68
287
297
448. 1
1, 822. 8
66 6
TEXTILE PRODUCTS
APPAREL
Hosiery, shipments
Men's apparel, cuttings: <?
Tailored garments:
Suits
Overcoats and topcoats
thous doz pairs
thous units
do
12,267
14, 678
13, 958
14, 952
13, 124
14,310
14,680
12, 428
17. 236
13, 711
16,438
' 1,776 ' 1,572 ' 1,807 ' 1,669
1,880
1,726
1,881
1,873
1,796
1,649
1,200
2,002
1,750
2,126
1,234
8,824
2,042
1,214
9,312
2,245
1,187
9,075
2,003
760
7, 559
1,563
1,354
10, 028
2,208
1,093
8,247
2,021
1,302
8,915
2,216
308
332
315
303
387
302
321
2,318
2,688
21, 804 '18,135
728
535
2,692
21,080
1,372
1, 159
'700
1.520
12,600
14,008
15,618
214
281
'358
'254
200
' 815 '989
'853
Coats (separate) dress and sport
do
' 8, 827 ' 8, 641 '8,610
Trousers (separate), dress and sport
do
Shirts (woven fabrics), dress and sport.thous. doz_ '1,934 ' 1, 878 ' 2, 282
Work clothing:
'264
'288
'247
Dungarees and waistband overalls
do
'304
'353
'308
Shirts
do
'947
' 8, 122
'1,988
1,335
8,160
2,155
'245
'291
305
295
325
324
338
331
Women's, misses', juniors' outerwear, cuttings^A
' 1,962 ' 2, 006 ' 2, 520 ' 1,694
Coats
thous units
'21,134 '20,855 '20,416 '16,518
Dresses
do
'634
'764
'713
'785
Suits
do
2,009
20, 096
1,098
2,437
21,482
1,140
2,566
26, 654
1,109
1,275
26, 143
1,223
27, 130
673
583
1,297
1 , 508
1,656
1,557
1,566
' 441
'389
7
' 1 298 1,245 ' 1,216
W^aists blouses and shirts
thous doz
'663
' 627
' 695
Skirts
do....
r
Revised.
« Revisions for 1960 are shown in the Apr. 1962 SURVEY.
{Revisions for Jan.-Mar. 1961 will be shown later.
§ Comprises sheathing, formboard, and laminated board.
' 930
'390
583
1,115
8,514
2, 137
295
661
1 , 265
9,849
2, 258
308
740
370
757
470
905
500
326
2, 064
20, 800
815
1,237
780
354
256
2,274
17, 782
726
1,226
804
533
334
893
442
289
452
341
624
775
cf Revisions for Jan. 1959-Oct. 1961 are available upon request.
AData beginning Jan. 1962 are based on revised sample panel. For coats, blouses, and
skirts, the revised figures beginning Jan. 1962 are at least 5% higher, when comparing estimates for Jan.-June 1962 on the new and old bases.
SURVEY OF CURRENT BUSINESS
January 1963
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960 | 1961
S-39
1961
Monthly
average
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
1,501
4,681
9 156
Nov.
Dec.
TEXTILE PRODUCTS—Continued
COTTON
Cotton (exclusive oflinters):
Production:
Ginnings§
- _ thous. running bales. _ 1 14, 265
Crop estimate, equivalent 500-lb. bales
thous. bales-- 114,272
Consumption^ * __
Stocks in the United States, end of mo.,
total!
Domestic cotton, total
On farms and in transit
_
Public storage and compresses
Consuming establishments
Foreign cotton, total
_
Exports
Imports!
Prices (farm"), American upland
cents
Prices middling 1", avg 14 marketscf
Cotton linters:
Consumption!!
Production
Stocks end of mot
14, 325
1
287
313,996
r
12, 061
2
12 937
7
14 723
4875
664
4868
717
730
*867
713
709
4692
693
661
4823
667
590
14, 447
14, 376
3,698
9,159
1,520
13, 442
13, 368
3,815
7,742
1,811
16, 669
16, 569
4,227
10, 671
1,671
15, 473
15, 380
1,958
11,664
1,758
14, 231
14, 146
1,136
11,079
1,931
13, 126
13,046
12,012
11,940
10, 849
10, 785
9,783
9 730
8,654
8 606
7,850
7 808
10, 407
2,066
9,387
2,136
8,336
2, 095
7 446
1,980
6,656
1,761
6 100
1, 518
21, 304
21 187
13, 357
6 597
1, 233
20,761
20 637
10, 877
8 631
1,129
19, 523
19 399
6,530
11 655
1 214
!*> 997
1,379
124
116
14 304
1 462
70
74
628
12
do
do
per lb__
do
-thous. bales.do
do
100
533
14
402
2
93
537
3
84
382
5
30.1
31.4
31.0
32.2
33.1
33.6
31.8
33.6
30.4
33.6
113
134
109
130
* 130
227
109
187
<129
194
544
Spindle activity (cotton system spindles) :1!
Active spindles, last working day, total. -thous. ._ 19, 269
Consuming 100 percent cotton
. do _ 17, 592
Spindle hours operated, all fibers, total
mil__ 10, 008
463
Average per working day
do
9,161
Consuming 100 percent cotton
do
19, 037
17, 330
9,764
450
8.887
_
212,638
711
543
_
11,687
14, 318
725
do
do
do
do
do
do _
do
1
519
559
573
81
417
72
354
64
304
52
189
48
190
42
117
141
89
164
24
157
3
299
3
32.6
33 4
33.2
33.0
32.6
33 0
31.8
33.0
105
69
101
157
*125
223
101
222
99
614
696
18, 689 18, 712
16, 543 16, 495
9,131 '411,565
457
463
8, 034 4 10, 134
18,730
16,395
9,253
463
8,035
18,750
16 374
8,450
422
7,317
396
5
392
5
303
4
361
3
425
1
465
1
29.1
33.7
29.4
33.8
31.8
33.8
32.7
33.9
32.6
34.1
32.6
34.0
111
156
*125
124
106
85
104
58
*84
51
105
174
623
660
19, 009 18, 971
17, 181 17, 120
8,875 « 11, 661
444
466
8,019 4 10, 513
18, 990
17,127
9, 574
479
8,615
691
694
655
18, 978 18,987
17,105 17,107
9,597 411,668
480
467
8,622 410,535
18. 806
16, 901
9,501
475
8,506
.670
.941
.661
.938
576
524
18, 817
16, 869
9,510
476
8,481
18, 761
16, 773
4 9, 697
388
4 8, 621
18, 798
16, 731
9,432
472
8,382
.661
.938
.656
.936
.656
.931
599
124
539
106
31.0
33 1
COTTON MANUFACTURES
Cotton yarn, natural stock, on cones or tubes:
Prices, f.o.b. mill:
20/2 carded, weaving
_$perlb._
36/2 combed knitting
_
do
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production qtrly avg or total
mil lin yd
Orders, unfilled, end of mo., as compared with
avg. weekly production
No. weeks' prod-Inventories, end of mo., as compared with avg.
weekly production
No. weeks' prod
Exports!
Importsj
-
.665
.938
.647
.926
2,341
2,292
13.6
11.8
4
19, 017
17, 205
11, 872
475
no, 753
.665
.953
.665
.958
.670
.958
.670
.958
10.8
12.3
11.9
11.4
11.0
10.1
12.2
9.2
2,398
11.2
11.9
.670
.956
2 435
2 425
.654
.931
r
.651
926
v . 651
P. 924
10.3
2 182
9.4
10.1
4.5
5.5
4.8
5.0
5.0
4.9
4.8
4.9
5.0
5.1
6.5
5.4
5.6
5 7
5.8
36, 584
37, 908
39, 117
21. 208
39, 726
23, 366
39, 648
34, 281
32, 701
48, 690
38, 948
41,140
42, 637
43,617
39, 994
57, 001
35, 462
34, 497
39,270
30, 757
34, 558
28 562
32, 247
30 960
29,932
37 819
29. 646
46 474
31, 094
27, 388
29.89
24.49
24.99
24.96
24.85
24.94
25. 09
25.38
25.06
24.90
25.10
25.23
25.70
25. 63
25.58
38.2
17.4
17.2
38.3
15.1
16.3
38.3
15.3
16.8
38.3
15.3
16.8
38.3
15.3
17.0
38.3
15.1
17.0
39.6
15.5
17.0
40.3
15.5
17.0
40.3
15.5
17.0
40.3
15.5
17.0
40 3
15.5
17.0
40 3
15.4
17.0
40 3
15 3
17.0
p38 3
P15.3
P 17.0
455.7
163,6
78.5
169.3
482. 0
160.4
100.2
185.4
525. 1
178.2
115 0
193.7
577.1
188.1
123. 0
217.9
589.5
175.6
119 2
238.7
586 8
180 6 5 62 6
119 9 r 5 45 Q
242 7
560 3
s 46 4
44.3
36.0
38.2
48.1
56.0
.thous. lb_.
do .
6,607
3,620
7,018
3,834
do
. _ do .
399
541
5,128
3,190
5,606
4,414
4,910
7,715
5, 715
4, 351
5, 043
5, 771
56. 4
53.5
70. 9
22. 1
45.9
40.3
47.8
41.4
67.5
22.0
47.4
42.8
48.0
45.4
51.3
49.5
63.7
21.1
51.6
51.1
49.8
48. 5
.82
.27
.82
.26
.82
.27
.82
.27
.82
27
thous. sq. yd_
do
Mill marginst
cents perlb..
Prices, wholesale:
Denim mill
finished
_ cents per yd
Print cloth, 39. inch, 68 x 72
do ._
Sheeting, class B, 40-inch, 48 x 44-48 do
40 3
15.3
17.0
r
25.37
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. avg, or total _ mil. Ib
Filament yarn (rayon and acetate)
do
Staple incl tow (rayon)
do
Noncellulosic (nylon, acrylic, protein, etc ) do
Textile glass fiber (exc. blown glass wool and
pack)
.
.
mil. Ib
Exports:
Yarns and monofilamentsj
Staple, tow, and tops
Imports:
Yarns and monofilamentsj
Staple, tow, and tops*
Stocks, producers', end of mo.:
Filament yarn (rayon and acetate)
Staple, iricl. tow (rayon)
Noncellulosic
fiber*
Textile glass fiber*... .
mil. lb_.
do _ _ .
_ . do _
do
Prices, rayon (viscose):
Yarn, filament. 150denler__
Staple, 1.5 denier
6
6
63.4
56.1
66. 3
15.7
6
6
$perlb_do
.82
.29
.82
.26
Manmade fiber broadwoven fabrics:
Production, qtrly. avg. or total! 9 ..mil. lin. yd—
Rayon and acetate (excl. tire fabric)
do
Nylon and chiefly nylon mixtures. .. _ _ do .
Polyester and chiefly polyester blends*, .do
594.2
358.6
78.5
106.2
596.2
366. 3
64.1
111.6
thous. sq. yd._ 12, 871
11,557
Exports, piece goods
8,230
4,274
757
10, 574
3,734
400
8, 506
3,329
677
7,453
4.633
665
.82
.27
638.1
393.0
65.0
123.6
12, 297
13,063
8,784
3,513
537
9,208
4,338
548
8,721
4,406
859
.82
27
657.7
394.1
75. 1
128.7
10, 475
11,096
12. 964
43 6
10, 240
3,995
6, 544
3 024
11, 549
4 215
711
1,106
5 767
6 034
5 252
47.9
51.2
67.5
28 4
51.1
54 5
54 0
54 4
57. 1
52 9
82 3
.82
27
.82
27
859
.82
27
13, 620
930
1,070
9,020
5 200
902
3 516
4, 801
58 4
48 4
59 7
41 7
.82
26
P. 82
v 26
10, 353
11, 087
r
.82
97
642.2
374 1
69 6
141 4
392.3
75.6
128.8
11. 890
7,840
3 881
30 2
r 663. 1
12. 661
10, 484
5 414
9,422
10, 577
11, 784
SILK
Imports, raw
thous. lb_.
Price, raw, A A, 20-22 denier __
__.$perlb..
Production, fabric, qtrly. avg. or total
thous. lin. yd..
r
573
557
4.60
5.20
6,791
5,732
715
5.24
802
5.08
389
688
5.08
5.22
6,929
Revised. » Preliminary.
„ . l Total crop for
year. 2 Ginnings to Dec. 13. 6 3 Ginnings
5
to7 Jan. 16.
4 Data cover a 5-week period.
Data are for month shown.
Qtrly. avg.
Dec. 1 estimate of 1962 crop,
§Total ginnings to end of month indicated except as
noted.
T Data for Nov. 1961 and Jan., Apr., July, and Oct. 1962 cover 5-week periods; other
months, 4 weeks.
545
524
5.42
421
5.73
399
5.98
6.22
473
785
6.20
525
741
655
6.36
5.98
••6.42
P6. 49
6,325
6,047
5,884
!Scattered revisions for 1959-Apr. 1961 are available upon request.
f Revised series. See note in the Sept. 1961 SURVEY; data for Aug. 1957-June 1960 are
available upon request
9 Includes data not shown separately. *New series; data for 1954-60 are available
upon request.
cf Beginning Aug. 1962, includes Phoenix. Ariz. (15 markets).
January 1963
SURVEY OF CUEKENT BUSINESS
S-40
Unless otherwise stated, statistics through 1960
and descriptive notes are shown in the 1961
edition of BUSINESS STATISTICS
1960
1961
Monthly
average
1961
Nov.
1962
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
23, 061 123,251
11,932 110,177
22, 387 16, 834
15, 485 11,216
22, 152
13, 235
24 433
14, 849
21, 268 1 26, 335
12, 940 H6 263
21 001 2*5 102
12, 562 14 514
1.245
1.075
1.175
1.252
1.075
1.175
1.275
1.075
1.175
100.5
100.5
100.5
Oct.
Nov.
Dec.
TEXTILE PRODUCTS- Continued
WOOL
Wool consumption, mill (clean basis) :Jt
Apparel class
- thous. lb__ 20, 356 21, 907 1 26, 491
13, 555 12, 254 1 14, 629
Carpet class
do
19, 597 21, 079 17, 219
Wool imports clean content
do
8,202 10,011
9.564
Apparel class, clean content
do
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
1.184
1.200
Graded territory,
fine
$ per lb_. 1.165
1.070
1.032
1.075
Graded fleece 9£ blood
do
1.166
1.110
1.125
Australian, 64s, 70s, good topmaking
do
19, 902
11,811
17, 114
10, 159
1
25,609 22, 740
14,085 11, 387
23, 982 22, 747
16, 299 15,409
1
1.200
1.075
1.125
1.200
1. 075
1.125
1.200
1.075
1.125
95.5
96.7
99.2
23, 523 127,828
11,159 1 12, 216
25. 945 21,019
19,187 13, 846
23, 434
11,501
20 133
13, 579
1.200
1.075
1.125
1.224
1.075
1.125
1.233
1.075
1.135
99 2
100.5
100.5
20. 594
12 470
25 837
17 825
1.275
1.085
1.175
1.275
1 111
1.175
1.281
1 145
1.175
101.7
101.7
102 9
95.0
96.9
95.4
96 9
1.300
1 145
1.175
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, Bradford
system wholesale price
1957-59= 100__ 100.6
Woolen and worsted woven goods, exc. felts:
Production, qtrly. avg. or total
thous. lin. yd. 71,614
Apparel fabrics total
do_ __ 70, 189
40, 668
TVomen's and children's
do
Prices, wholesale, suiting, f.o.b. mill:
Flannel, men's and boy's _ .
1957-59=100.. 96.7
96.8
Gabardine women's and children's
do
96.7
96.7
71,721
70,035
43,228
93.8
95.2
69,026
66,353
40,955
94.6
95.2
94.6
95.2
75, 464
73, 431
42, 066
94.6
95.2
94.6
95.2
94.6
95.2
82, 505
80, 813
48 362
94.6
95.2
94.6
96.9
95.0
96.9
77, 738
75, 676
47, 930
95.0
96.9
95.0
96.9
95.0
96.9
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLESA
Orders new (net) qtrly avg or total
mil $
U S Government
do __
Prime contract
- do
Sales (net), receipts or billings, qtrly. avg. or total
mil. $ _
U S Government
do
3,357
2,619
3,035
3,726
3,064
3,396
3,199
2,552
2,868
3.512
2, 663
3,021
4,055
3,343
3,670
3,738
2,883
3,856
3,004
3,875
3,037
4,016
3,060
3,862
3,057
Backlog of orders end of year or qtr. 9
do
U 8 Government
do__
Aircraft (complete) nnd parts
do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units and parts
mil. $
Other related operations (conversions, modifica-
15,462
12, 056
6,089
1,566
13,965
11,043
5, 646
1,546
13,965
11,043
5,646
1,546
13, 344
10, 568
5,213
1,504
12, 840
10, 171
5,127
1,476
13, 033
10, 457
5,037
1,455
4, 690
3,829
3,829
3,794
3,491
4,140
2,049
1,803
1,803
1,670
1,644
Aircraft (civilian)* Shipments ©
._ do
Airfrnme weight ©_thous. lb._
Exports
mil. $
103.4
2,347
44.8
82.1
1,824
27.6
72.5
1,457
17.9
83.6
1,770
19.2
87.8
1,726
26.4
109.1
2,045
60.1
77.6
1,747
43.9
111.2
2,511
40.8
121.2
2,345
31.6
92.4
1,915
11.4
77.9
1,395
17.1
88.3
1,400
10.4
49.2
1,032
17.1
44 0
1,216
21 8
_._thous._
do
do
do
. __ do
do
655. 8
625. 7
556.2
544.2
99.5
81.5
556.4
527. 3
461.9
450. 2
94.6
77.1
754.6
722 3
646.9
627.7
107.7
94.6
759. 5
720.5
646. 7
631. 1
112.8
89.4
711.0
684.2
610. 9
595.9
100. 1
88.3
628.6
603. 7
533. 6
518.5
95.0
85.2
713.9
685. 3
605. 8
588.5
108. 1
96.8
719. 6
687.8
614.3
594.8
105. 3
93.0
786.2
756. 7
673.5
656. 6
112.7
100.1
678.2
651.2
569. 2
555.0
109.0
96.2
687.7
663.9
587.1
575.4
100.7
88.5
299.2
282. 0
218.6
213. 2
80.6
68.8
519.9
501 . 9
442.5
432. 5
77.4
69.4
851.0
817 7
726. 9
705.7
124.1
112.0
number
do
do
27, 890
10 570
17, 320
22, 444
9 489
12, 955
22, 631
12, 658
9,973
21. 497
13,234
8,263
20,117
11,799
8,318
17, 580
10. 221
7, 359
21,818
12,140
9, 678
23, 719
15, 204
8,515
22, 065
11,882
10, 183
22, 394
10. 895
11,499
16, 860
7,803
9,057
15,765
5,940
9, 825
18, 405
11,815
6,590
17, 749
10 934
6,815
23, 383
14 002
9,381
41,287
39, 278
24, 860
24, 076
26, 488
26, 005
33, 305
32, 395
32, 305
31,337
37, 695
36, 527
36, 344
35, 038
32, 607
31,326
32, 335
31,189
30, 551
29, 477
27, 735
27,179
19, 394
18, 977
29, 442
28, 686
35 087
34, 081
37 272
36, 195
4,864
2,916
549
4,263
2,650
462
5,171
3,525
334
4.755
3, 375
233
5,484
3,845
738
5, 295
3, 577
719
6, 393
4,543
456
5, 934
3, 994
496
6,391
4,217
393
5, 721
3,442
228
4,999
3,014
944
5, 462
3,310
1,353
5,117
3,190
1,836
5, 970
3,920
2 184
5, 717
3, 951
1 837
548. 1
41.6
78.6
487.9
31.6
76.6
557.9
28.9
81.6
525. 7
24.2
79.0
506.2
26.4
76.7
473.3
24.5
70. 9
591.7
29.4
89.2
635. 0
31.1
96.0
643.5
29.4
94.6
601.9
28.7
89.9
613.6
30.5
90. 8
540.2
27.6
94.9
373.9
25.6
74.8
677.7
29.5
102.3
637.5
26.6
92 4
number. _ 4,776
3,124
do
1,652
do
2, 655
1,572
1,083
2,513
1.726
787
1,940
1,066
874
2,128
1, 250
878
2,690
1,772
918
4 077
3, 076
1,001
3,421
1,677
1,744
3, 758
1,909
1,849
'3, 910
2,219
' I, 691
3.181
2,289
892
3,541
2, 205
1,336
2, 946
1,984
962
2,799
2,162
637
2, 205
1,660
545
1,899
1.336
563
2, 963
1,872
1,091
2,567
1, 600
967
4,109
3,479
630
5,710
2,793
2, 917
5, 336
2, 729
2, 607
1,466
1,127
339
1,557
1,500
57
2, 450
1.437
1,013
r 3, 188
3.411
2,294
1, 117
' 3, 088
1,630
' 1, 458
r
2,855
^333
2. 781
1,710
r
1, 071
1, 551
1,218
333
4,436
2,673
1,763
3,573
2,962
611
4,524
1,743
2,781
do
do
do
31, 977
14, 758
17, 219
13, 462
4,616
8,846
11,984
5, 405
6, 579
15, 761
7,134
8,627
19,011
8,611
10, 400
17, 737
7, 970
9,767
15, 265
6, M 1
8,824
14.244
6, 152
8, 092
13, 778
7,100
6, 678
13, 274
7,171
6, 103
13, 192
6, 516
6,676
12, 429
6,003
6,426
11,064
5, 264
5,800
12. 159
5. 737
6, 422
13, 502
7,039
6, 463
16, 122
7,446
8,676
Passenger cars* Shipments
do
Unfilled orders, end of mo — do
20
265
17
202
0
239
0
264
0
264
0
264
5
259
24
235
72
175
50
163
45
120
25
134
12
122
14
108
13
119
IS
126
1 662
9 4
1 607
8.8
1 613
9.0
1 607
8.8
1 604
8.9
1, 600
8.8
1 598
8.5
1,594
8.4
1,588
8.3
1,582
8.2
1,577
8.4
1 573
8.6
1,567
8.4
1,563
8.4
1,559
8.3
1,367
MOTOR VEHICLES
Factory sales, total
Domostic
Passenger cars, total.
Domestic
Trucks and buses, total
Domestic
Exports, total J
Passenger cars (new and used)
Trucks and buses
Imports (cars trucks bu^es) total cT't
Passenger cars (new and used) of
Production, truck trailers: t
Complete trailers, total
__
Vans
Chassis van bodies for sale separately
Registrations:©
New r passenger cars
Fo eign cars
New commercial cars
do
do
do
do _do
thous
do
do
802.0 P2759.6
769 4
689.5 r2 648. 9
669. 6
112.5 02110. 7
99.8
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments
Equipment manufacturers, total
Railroad shops, domestic
New orders
Equipment manufacturers, total
Railroad shops, domestic
do __
do
-do
Unfilled orders end of mo
Equipment manufacturers, total
Railroad shops, domestic
Freight cars, class 1 (AAR): §
Held for repairs ®/ of total owned
r
l
Revised.
Data cover 5 weeks.
^[Sec corresponding note, p. S-39.
2
Preliminary estimate of production.
I Scattered revisions for 1959-60 are available upon request.
AEffective with the -Tan. 1962 SURVEY, the qtrly. data reflect an expanded survey and
include companies developing, producing, assembling, etc., complete missiles and space
vehicles (and engines or propulsion units), Comparable data prior to Dec. 31, 1960, are
not available.
fRevisions for 1960-Mar. 1961 are available upon request.
9 Total includes backlog for nonrelated products and services and basic research.
©Data include military-type planes shipped to foreign governments.
cfData cover complete units, chassis, and bodies.
©Courtesy of R. L. Polk & Co.; republination prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars.
U.S. G O V E R N M E N T P R I N T I N G O F F I C E : I 9 6 3
INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General:
Business indicators
Commodity prices
._
Construction and real estate
Domestic trade
1-7
7, 8
9, 10
10-12
Employment and population
Finance
Foreign trade of the United States
Transportation and communications
12--16
16-21
21-23
23, 24
Industry?
Chemicals and allied products
Electric power and gas
Food and kindred products; tobacco
Leather and products
24, 25
26
26-30
30, 31
Lumber and manufactures
Metals and manufactures
Petroleum, coal, and products
Pulp, paper, and paper products
31
3 2-34
35, 36
36, 37
Rubber and rubber products
Stone, clay, and glass products
Textile products
Transportation equipment
37
38
38-40
40
.
INDIVIDUAL SERIES
Advertising
10, 11,16
Aerospace vehicles
40
Agricultural loans
16
Aircraft and parts
3, 13-15, 40
Airline operations
23
Alcohol, denatured and ethyl
25
Alcoholic beverages
8, 10, 26
Aluminum
33
Apparel
1, 3, 4, 7, 8, 10-15, 38
Asphalt and tar products
35, 36
Automobiles, etc___ 1, 4-6, 8, 10, 11, 13-15, 19, 22, 40
Balance of international payments
2
Banking
16, 17
Barley
27
Barrels and drums
33
Battery shipments
34
Beef and veal
28
Beverages
4, 8, 10, 26
Blast furnaces, steel works, etc
13-15
Bonds, outstanding, issued, prices, sales,
yields
18-20
Brass and bronze
._
33
Brick
38
Broker's balances
20
Building and construction materials. 8-10, 31, 36, 38
Building costs
9, 10
Business incorporations (new), failures
7
Business population
2
Business sales and inventories
4,5
Butter
27
Cans (tinplate)
33
Car-loadings
23, 24
Cattle and calves
28
Cement and concrete products
8-10, 38
Cereal and bakery products
8
Chain-store sales, firms w«th 4 or more and 11
or more stores
12
Cheese
27
Chemicals
4-6, 8, 13-15, 19, 22, 24, 25
Cigarettes and cigars
8, 10, 30
Civilian employees, Federal
14
Clay products
8, 33
Coal
4, 8, 13-15, 22-24, 35
Cocoa
23, 29
Coffee .
_
23, 29
Coke
23, 24, 35
Communications
13-15, 19, 20, 24
Confectionery, sales
29
Construction:
Contracts
9
Costs
9, 10
Employment, hours, earnings, wages
13-16
Highways and roads.
9, 10
Housing starts
9
New construction put in place
1, 2, 9
Consumer credit
17, 18
Consumer expenditures
1, 2
Consumer goods output, index
3,4
Consumer price index
7
Copper
23, 33
Corn
27
Cost of living (see Consumer price index)
7
Cotton, raw and manufacture?.
7, 8, 21, 22, 39
Cottonseed cake and meal and oil
30
Credit, short- and intermediate-term
17, 18
Crops
3, 7, 27, 28, 30, 39
Crude oil and natural gas
4, 13-15,35
Currency in circulation
19
Dairy products
Debits, bank
Debt, U.S. Government
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drug stores, sales
.
.
.
3, 7, 27
„
16
18
11, 12, 17
16, 17, 19
16
26
3,18-21
~.. 11,12
Earnings, weekly and hourly
14-16
Eating and drinking places
„
11, 12
Eggs and poultry
.
3, 7, 29
Electric power
4, 8, 26
Electrical machinery and equipment
3,
5, 6, 13-15, 19, 22, 34
Employment estimates
12-14
Employment Service activities
16
Expenditures, U.S. Government
18
Explosives
25
Exports (see also individual commodities)
1»
2, 21, 22
Express operations
_.
23
Failures, industrial and commercial
7
Fans and blowers.
,
34
Farm income, marketings, and prices
1» 3, 7
Farm wages
.
16
Fats and oils
8, 29, 30
Federal Government
finance
18
Federal Reserve banks, condition of_.
16
Federal Reserve reporting member banks
17
Fertilizers
8, 25
Fire losses
„_______
10
Fish oils and
fish
.
29
Flooring, hardwood
31
Flour, wheat
28
Food products.__ 4-8, 10, 11, 13-15, 19, 22, 23, 27-30
Foreclosures, real estate
10
Foreign trade
.
21-23
Foundry equipment
.
.
34
Freight carloadings
23, 24
Freight cars (equipment)
4, 40
Fruits and vegetables
.
7, 8, 22
Fuel oil
_. 35,36
Fuels
4, 8, 35, 36
Furnaces
,
34
Furniture
3,4, 8,10-15, 17
Furs
_
__—
23
Gas, output, prices, sales, revenues4, 8, 26
Gasoline
1,35,36
Glass and products
38
Glycerin
25
Gold
2, 19
Grains and products
7, 8, 22-24, 27, 28
Grocery stores
,
11, 12
Gross national product
1, 2
Gross private domestic investment
.
1, 2
Gypsum and products
.
8, 38
Hardware stores.
11
Heating equipment
,
8,34
Hides and skins
8, 30
Highways and roads
9, 10
Flogs
28
Home Loan banks, loans outstanding
10
Home mortgages
,
10
Hosiery
38
Hotels
14, 15, 24
Hours of work per week ,
.
14
Kousefurnishings
1, 4, 7, 8, 10-12
Household appliances and radios
4, 8,11, 34
Housing starts
9
Imports (see also individual commodities). _ 1, 21-23
Income, personal
2,3
Income and employment tax receipts18
Industrial production indexes:
By industry
,
3,4
By market grouping .
3,4
Installment credit
12, 17, 18
12
Installment sales, department stores
Instruments and related products
3, 13-15
34
Insulating materials
Insurance, life
18, 19
Interest and money rates
17
Inventories, manufacturers' and trade
4-6, 11, 12
Inventory-sales ratios
5
Iron and steel
3, 5, 6, 8, 10, 19, 22, 23, 32,33
Labor advertising index, disputes, turnover
16
Labor force
„
12
Lamb and mutton
28
Lard___.
28
Lead
33
Leather and products
3, 8, 13-15, 30, 31
Life insurance
18, 19
Linseed oil
30
Livestock
3, 7, 8, 24, 28
Loans, real estate, agricultural, bank, brokers'
(rsee also Consumer credit)
10, 16, 17, 20
Lubricants
.
35, 36
Lumber and products
3, 5, 6, 8, 10-15, 19, 31
Machine tools
34
Machinery
3,5,6,8, 13-15, 19,22,34
Mail order houses, sales
11
Manmade fibers and manufactures
8,39
Manufacturers' sales, inventories, orders
4-6
Manufacturing employment, production workers, payrolls, hours, earnings
13-15
Manufacturing production indexes
3,4
Margarine
29
Meats and meat packing
3, 7, 28
Medical and personal care
7
Metals
4-6, 8, 13-15, 19, 23, 32-34
Milk
27
Mining and minerals _ _ _ .
2-4,8, 13-15, 19, 20
Monetary statistics
19
Money supply
19
Mortgage applications, loans
10, 16, 17
Motor carriers _
~_
23
Motor vehicles
1, 4-6, 8, 10, 11, 13-15, 19, 22, 40
Motors and generators
.
34
National defense expenditures
1,18
National income and product
1, 2
National parks, visits
24
Newsprint
23, 37
New York Stock Exchange, selected data
20, 21
Nonferrous metals
8, 19, 23, 33, 34
Noninstallnient credit
17
Oats
„
27
Oil burners
_
34
Oils and fats
8, 29, 30
Orders, new and unfilled, manufacturers'
6
Ordnance
13-15
Paint and paint materials
8, 25
Panama Canal traffic
24
Paper and products and pulp
3,
5,6,8, 13-15,19,23,36,37
Parity ratio
7
Passports issued
24
Payrolls, indexes
14
Personal consumption expenditures
1, 2
Personal income
2, 3
Petroleum and products
4-6,
8, 11,13-15,19,22,23,35,36
Pig iron
32
Plant and equipment expenditures
2, 20
Plastics and resin materials
25
Plywood
31
Population.
__
12
Pork
I
28
Postal savings
17
Poultry and eggs
3, 7, 29
Prices (see also individual commodities)
7, 8
Printing and publishing
.
4, 13-15
Profits, corporate
1, 19
Public utilities
2-4, 7-9, 13-15, 18-21
Pullman Company
24
Pulp and pulpwood
36
Purchasing power of the dollar
8
Radiators and convectors
34
Radio and television
4, 8, 10, 11, 34
Railroads
2, 13, 14,16, 18-21,23,24,40
Railways (local) and bus lines
13-15, 23
Rayon and acetate
39
Real estate
10, 17, 18
Receipts, U.S. Government
18
Recreation
7
Refrigerators and home freezers
34
Rent (housing)
7
Retail trade..
4, 5, 7, 9, 11-15, 17
Rice
27
Roofing and siding, asphalt
36
Rubber and products
4-6, 8, 13-15, 23, 37
Rye
.
27
Saving, personal
2
Savings deposits
17
Securities issued
19, 20
Services
1, 2, 13-15
Sheep and lambs
28
Shoes and other footwear
1, 8, 11, 12, 31
Silk, prices, imports, production
8, 39
Silver
19
Soybean cake and meal and oil
30
Spindle activity, cotton
39
Steel ingots and steel manufactures
32, 33
Steel scrap
32
Stock prices, earnings, sales, etc
20, 21
Stocks, department stores
12
Stone, clay, and gl ass produc ts
3-6,
8,13-15, 19, 38
Stoves and ranges
34
Sugar
23, 29
Sulfur
25
Sulfuric acid
25
Superphosphate
25
Tea imports
29
Telephone, telegraph, cable, and radiotelegraph carriers
13-15, 19, 20, 24
Television and radio
4, 8, 10, 11, 34
Textiles and products.. 3, 5, 6, 8, 13-15, 19, 22, 38-40
Tin
23, 33
Tires and inner tubes
8, 11, 12, 37
Tobacco and manufactures
4-8, 10, 13-15, 30
Tractors
22,34
Trade (manufacturing, wholesale, and retail)
4-6, 11, 12
Transit lines, local
23
Transportation
1, 2, 7, 23, 24
Transportation equipment
3-6, 13-15, 19, 40
Travel
23, 24
Truck trailers
40
Trucks (industrial, motor)
34, 40
Unemployment and insurance
12, 16
U.S. Government bonds
16-18, 20
U.S. Government
finance
18
Utilities
2-4, 9, 13-15, 18-21, 26
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Vessels cleared in foreign trade
Veterans' benefits
_
34
11, 12
29,30
7,8, 22
24
16,18
Wages and salaries
,
1,3,14-16
Washers
34
Water heaters
_—„__
34
Waterway traffic
24
Wheat and wheat
flour
28
Wholesale price indexes
8
Wholesale trade
4, 5,12
Wood pulp
36
Wool and wool manufactures .....
7, 8, 23, 40
Zinc.™...
...„>.>... ——..-....—— 33, 34
UNITED STATES
GOVERNMENT PRINTING OFFICE
DIVISION OF PUBLIC DOCUMENTS
WASHINGTON 25, D.C.
PENALTY FOR PRIVATE USE TO AVOID
PAYMENT OF POSTAGE, $30O
IGPO)
OFFICIAL BUSINESS
First-Class Mail
The Office of Business Economics Calls Attention to
. Income and Output
exT. compilation of income and product data for the
period beginning with 1946, for use in conjunction
with the 1954 National Income supplement. The
text includes an analysis of the postwar American
economy as viewed through the national income
accounts, a discussion of the development of the
accounts over the past quarter century and of the
needed directions of future research, and a review
and evaluation of the statistical basis of the estimates. 241 pp.
- { P R I C E , $1.50}-
Orders may be placed with the Superintendent of
Documents, U.S. Government Printing Office, Washington 25, D.C., or with any Field Office of the
U.S.
D E P A R T M E N T OF C O M M E R C E
@FedFRASER