Full text of Survey of Current Business : January 1965
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JANUARY 1965 / VOLUME 45 NUMBER]
OF
*S«- Department -of ' Commeree
CO1NTENTS
Johua T. Connor / Secretary
Richard H. Holton / Assistant Secretary
for Economic Affairs
The American Economy in 1964
1
Office of Business Economies
George Jassei / Director
National Income and Product in 1964
4
National Income and Product Tables
15
Louis J. Paradise* Morris H. Goldman, Acting
Associate Directors
. 'Murray F*:Foss /, Editor
. *
,
Leo V. Barry, Jr. / Statistics Editor
Billy Jo Hurley / Graphics
The Balance of Payments
16
Employment—Prices—Finance
19
MONTHLY BUSINESS STATISTICS
General
Industry
S1-S24
S24-S40
Ronald W* Sterkel / Design Advisor
STAFF CONTKIBOTOES- TO THIS ISSUE
National Income and Product;
Hobert B. Bretxfelder
.
The Balance of Payments :
Evelyn M. Parrish
&» Jay Atfeinson
David JR. Hull, Jr,
John A. Gorman
Subject Index (Inside Back Cover)
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AMERICAN ECONOMY
THE
year 1964 was one of strong and parts industries substantially and
expansion in the American economy. caused a temporary but marked slowIt was an unusual year, not simply down in the rate of advance in overall
because it marked the establishment production and sales.
of numerous records—in production The 1964 tax cut
and sales, in employee compensation
Although many factors contributed
and profits, in employment and living to the 1964 advance, the exceptional
standards—but also because it was the strength of the expansion was attribfourth successive year of upturn and utable in large measure to the cut in
still did not display those weaknesses Federal income taxes early in the year—
that in' the past have characterized the, first major reduction in rates in a
advanced stages of business expansions. decade and the largest ever, gaged by
On a relative basis the 1964 advance in the absolute size of the reduction. The
output and sales was sharper than in
the previous year. Despite these
large gains the rise in prices, as reflected
in the comprehensive GNP price deflator, accelerated only slightly, and GNP Rose 6 1/2 Percent in 1964, or
the total increase could still be described About 4 3 / 4 Percent After Price Correction
as quite mild. Although wage rates Billion $ (ratio scale)
increased during the year, unit labor 800 GROSS NATIONAL PRODUCT
costs were little changed from the 700
preceding year, and profit margins 600
were well maintained. Business inventory accumulation continued, but 500
the volume of inventories, far from
becoming burdensome, was low in
comparison to production or sales.
Current $
The advance in business fixed invest300
ment, one of the largest in the postwar
period, was extended, but without
placing undue strain on capital-goods
supplying industries or creating excess 200
capacity.
Including tax cut effects, the gain in
Increased demand in all major mardisposable income exceeded 7 percent
kets—consumer, business, government,
500
and foreign—contributed to last year's
DISPOSABLE PERSONAL
INCOME
$38K billion rise in GNP, which reached
400
a total of $622% billion. Outlays for
residential construction declined during
Current $
most of the year and Federal purchases 300
of goods and services, while high,
added little to the production advance.
Within the year the course of activity
was strongly upward until the end of 200
the third quarter, when work stoppages,
extending over a period from late 150 L ! 1 I I I I I 'i r i i i i i . i ' I • i
56
58 60
62 64
1948 50
52
54
September to about mid-November,
cut production of the motor vehicle U.S. Department of Commerce, Office of Business Economics
new revenue law had several direct and
indirect effects. By reducing personal
income taxes it brought about an increase in disposable income and a sharp
rise in consumer spending and consumer
saving. The strong pickup in consumption expenditures led many industries
to step up their rate of investment in
new plant and equipment. The increase in sales generated throughout the
economy was important in the spurt in
before-tax profits, which, in conjunction
with the cut in corporate taxes, helped
to provide business with a greatly enlarged flow of new funds for the expansion in capital investment programs.
The augmented volume of saving by
consumers and business also served to
ease pressures in capital markets.
Unemployment rate a little lower
Last year's rise in output brought
about a large increase in employment
and in the use of productive facilities.
The nation's potential to produce also
grew, as factor supplies and productivity increased, so that relative utilization, while higher, did not change
substantially. There was some improvement in the labor situation: employment grew faster th^n the labor
force and the number of unemployed
persons fell by a few hundred thousand.
The unemployment rate averaged moderately less than in the other years of
the current expansion, but it still
exceeded the rate in 1957 and earlier
prosperous years, and continued to be
high for the very young and inexperienced in the labor force. Plant capacity utilization was apparently not much
higher than it was at the beginning of
the year, as additions to capacity, from
modernization and expansion, approximately kept pace with the output
advance.
Sii^ce the year had started off with
operating rates a little low and still
well under those of the midfifties, the
SURVEY OF CURRENT BUSINESS
slack in resource use continued as one sion, as in the 2 previous years. Conof the key factors in holding down price sumers made somewhat more extensive
increases. The level of wholesale prices use of installment and similar types of
at the end of the year was scarcely debt than the year before, but the rise
higher than in 1958. There was some in indebtedness did not appear to be
upward pressure on metals prices but out of line with the postwar trend and
overall industrial prices at the end of in relation to income. Long-term in1964 were only fractionally above terest rates were not greatly different
their year-ago level. Consumer prices from their level at the close of the
showed another small rise, mainly in preceding year but short-term rates
services.
moved up. Toward the end of the past
year
the Federal Reserve raised the
Credit generally ample
rediscount rate as a precautionary
Money markets were little strained
move, aimed at preventing a deterioraduring most of 1964 as saving increased
tion in the U.S. balance of payments
and the monetary authorities continued
deficit in the wake of the increase in
to follow a policy of comparative ease.
the British bank rate.
Bank credit showed another large expanLast year there was an improvement
in the nation's balance of payments
that reduced the deficit to the lowest
With Business Fixed Investment
level since 1957. A major part of the
Rising Sharply . . .
better 1964 performance was attributable to the large expansion in net
Billions of 1954 dollars
exports; this was offset in part by a
6 0
• " , • : ' . ' - " ' • " > < , ' '
producers'Durable Equipment
substantial
increase in the outflow of
:
50 _^.and Konresidentiaf Construction '" .- '-'
private capital. The deficit was still
sizable, and continued to be of major
40
concern to government policymakers.
Yearend Developments and
Near-Term Prospects
The advance in the closing quarter
of 1964 was considerably short of the
gains earlier in the year, mainly because
of the strikes at motor vehicle plants.
According to preliminary data, fourth
quarter GNP rose by $5 billion. Apart
from automobile production, the magnitude of the latest rise in GNP was
fairly similar to the increases in the
previous quarters of the year, as
the table below indicates. Consumer
30
20
f
and with motor vehicle output
up to a new peak . . .
Million Units
10
' . ' , -
:
-,,.<•
:„....
:
Passenger Cars
Trucks apd Buses
Change From Previous Quarter
[Billions of dollars]
steel production surpassed the
1955 record
Million Tons
Total
GNP
IV 1962-1 1963
1 1963-11 1963.
II 1963-III 1963.
III 1963-IV 1963
160 . " / t . ; - , , , - , , * •- , Steel Ingots:\ ; ;
; •'.
140
- . : . ' ' , - - ,• X./;;- : , ' , ••";';';"''"..
IV 1963-1 1964. .
1 1964-11 1964
II 1964-III 1964
III 1964-IV 1964
120
100
so
I t.
56
58
60
62
64
Data: AMA, AISI & QBE
U.S. Department of Commerce, Office of Business Economics
65.1.2
.
_
.
Auto
GNP
Nonauto
GNP
' 52
5.6
9.8
11.8
04
.8
.1
1.3
4 8
48
9.7
10.5
9.8
9.8
98
5.1
.2
.6
.4
9.6
9.2
9 4
8.9
q Q
expenditures for nondurable goods,
services and durables other than autos
advanced over the third quarter, as
did business fixed investment and
State and local government purchases.
Federal outlays were about unchanged,
January 1965
net exports were apparently lower and
residential construction eased for the
third quarter in a row. Bolstering
the rise in total output in the fourth
quarter was a stepup in the rate of
inventory accumulation that centered
chiefly in manufacturing.
New records in December
In the final month of the quarter,
however, activity w#s at a new peak
and rising. December witnessed strong
increases over the month in such broad
measures as personal income, employment, industrial production, and retail
sales. Although the reaction to the
earlier work stoppages was providing
an added stimulus, the underlying
trend in production and sales also was
definitely upward.
Personal income rose sharply in December, for the second successive
month, to reach a seasonally adjusted
annual rate of $505% billion. The $3%
Table 1.—Key Economic Measures, 1961-64
1961
1962
1963
19641
Gross national product
bil. $__ 518.7 556.2 583.9 622.3
Personal consumption expenditures
_ _ _- bil. $
337.3 356.8 375.0 399.2
Gross private domestic investment
bil. $
68.8 79.1 82.0 87.7
Net exports of goods and
4.4
6.7
services
- bil. $
4.6
4.0
Government purchases-bil. $__ 108.0 116.3 122.6 128.7
Gross national product in constant (1964) dollars
bil. $- 541.6 575.7 595.3 622.3
National income
do
426.9 455.6 478.5 509.8
Compensation of employees
bil.$._ 302.2 323.1 340.3 361.7
44.1 48.4 50.8 57.0
Corporate profits
do
Personal income
do
417.6 442.4 464.1 491.4
Disposable personal income
364.7
384.6 402.5 431.8
bil. $Disposable personal income in
constant (1964) dollars. -bil. $__ 377.9 394.9 408.1 431.8
Retail sales
do
218.8 235.4 246.4 261.6
Dealers' sales of new domestic
cars
thous_- 5,556 6,753 7,334 7,617
Expenditures for new plant and
34.4 37.3 39.2 44.7
equipment
bil $
Total construction
___do
55.4 59.4 62.4 65.9
Private nonfarm housing starts
thous. units. _ 1,285 1,439 1,582 1,500
Manufacturers' sales
bil. $._ 370.6 399.7 417. 3
Industrial production
1957-59 =100__ 109.7 118.3 124.3
Steel ingot production
mil. tons.. 98.0 98.3 109. 3
Motor vehicles, factory sales
thous. units- 6,676 8,173 9,100
447.0
131.9
126.9
9,283
Employees in nonfarm establishments
'-•—.
thous.. 53,989 55, 515 56,643 58, 178
4,806 4,007 4,166 3,876
Unemployed persons.
do
Consumer prices. . . 1957-59 = 100. _104.2 105.4 106.7 2108.1
Wholesale prices
_ _ d o _ _ _ _ 100.3 100.6 100.3 100.5
Loans and investments of commercial banks, end of period
bil. $.. 209.8 228.3 246.5 266.0
Consumer installment credit
outstanding, end of period
bil. $.. 43.5 48.0 53.7 358.1
1
Preliminary.
2
Based on 11 months
3
data.
End of November.
Sources: Automobile Manufacturers Association, American Iron and Steel Institute, and U.S. Government.
SURVEY OF CURRENT BUSINESS
January 1965
billion increase over November reflected in part a $2 billion rise in wage
and salary income—the result of a
further recovery in the automobile industry and fairly general increases in
other manufacturing and nonmanufacturing payrolls. Higher employment, increased weekly hours of work,
and average hourly earnings all contributed to the December payroll advance. Heavy yearend extras were
important in the $0.7 billion increase
in dividend disbursements.
With incomes rising consumers appeared to be in a very free-spending
mood. Retail trade in December was
at an all-time high, with a seasonally
adjusted advance of 5 percent over
November, according to preliminary
data. A major part of the increase
reflected the recovery in automobiles
to a rate comparable to prestrike sales.
Sales of durable goods other than autos
and of nondurables also rose from
November to December to reach record
rates.
Rise in steel inventories
Production in the steel industry late
in the year was being influenced not
only by the rising consumption requirements of the metal fabricating industries but also by a shift to stockpiling
in anticipation of a possible steel strike
Auto Dealers' Sales
Thousand Units
900
800
700
600
500
400
300
1961
1962
1963
1964
1965
Seasonally Adjusted
U.S. Department of Commerce, Office of Business Economics
65.
in the spring. It was the third movement of its kind in 4 years. In October
and again in November, approximately
1 million tons were added to steel
stocks, and to judge from developments
in December, another sizable accumulation took place in that month. While
the greater part of the inventory increase so far has occurred at producing
mills, it has been undertaken mainly
in response to customer orders. This
quarter's buildup in total steel stocks
stands in contrast to the 1 million tons
that were added to inventories from
December 1963 through September
1964. The recent monthly increases
are comparable in size to the large
additions made in late 1961-early 1962
and in the first half of 1963, prior to
the expiration of previous labor contracts in the steel industry.
Near-term outlook
As the new year started there was
little question that the rise in activity
in the first quarter of 1965 would be
very substantial. Despite the recovery
in auto production and the improvement in auto dealer inventories, consumers were still required to wait a
longer time than average for deliveries,
and it seemed fairly clear that firstquarter car sales would be unusually
high. Purchases of durables other than
automobiles and nondurable goods
could be expected to move higher, and
services were also likely to show another
good-sized advance.
Business expenditures for new plant
and equipment promised to provide
an important source of increased demand in the months ahead. According to the most recent OBE-SEC
quarterly survey of investment anticipations, business was planning a continued rise in outlays through the
second quarter of 1965, the latest date
projected. The rate of expenditure in
the second quarter of 1965 was expected
to be 4 percent above the estimated
rate for the final quarter of 1964. On
the other hand, it was not certain early
in 1965 that the decline in housing
activity had run its course.
Federal purchases of goods and services, in aggregate, were likely to continue at a high rate but with not much
change, at least through the current
fiscal year. The steady rise in State
and local government expenditures was
expected to continue.
With a prospective rise in sales and
output and with inventories comparatively low as the new year started, an
increase in the rate of inventory accumulation appeared fairly likely. Some
additional rebuilding of automobile
stocks was still underway. More
significantly, the steel stockpiling was
a potential influence of major importance on the course of inventory
behavior in the near-term.
Steel Consumption and Stocks
Million Tons
6
Consumption by manufacturers
3-month moving average
36
32
28
24
20
16
12
Stock-consumption ratio
manufacturing consumers
1962
1963
1964
^ Includes warehouses; excludes nonmanufacturing industries.
Basic Data: Census
U.S. Department of Commerce, Office of Business Economics
65.1.4
National Income and Product in 1964
GROSS National Product, rising in
each quarter of the year, totaled $622%
billion in 1964, a gain of $38% billion, or
6% percent, over 1963. Reflecting the
stimulating effects of the personal and
corporate tax cuts as well as the continued underlying strength of consumer,
business, government, and foreign demand, the 1964 advance in GNP
exceeded the 5 percent gain of 1963
and was almost as large as the 7K percent rise of 1962, the first year of the
present upturn.
The rise in gross national product
remained orderly and well-balanced,
and—until the auto strikes affected
GNP and Final Sales Expanded in 1964
Inventory accumulation was moderate,
but accelerated in fourth quarter
fourth quarter activity—was unusually
steady. There were no signs that the
tax cut had overstimulated business
activity, nor did production bottlenecks
develop. On the contrary, supplies of
both labor and capital remained adequate throughout the year to accommodate the rise in production with relatively little price change. On an overall
basis, prices rose 1% percent last year,
only slightly more than the average of
the small yearly advances since 1959.
As in recent years, the 1964 price rise was
centered in services and construction.
The real volume of output (GNP in
constant dollars) expanded by 4% percent in 1964, more than the 3K percent
gain of 1963 but less than the 6K percent
rise in 1962. The 1964 production gain
also exceeded the average annual increase of—slightly more than 3% percent for the postwar period as a whole.
Widespread increases in demand
Billion $
650
GNP
600
Inventory
Accumulation
550
500
1961
62
63
64
65
Quarterly Totals, Seasonally Adjusted, at Annual Rates
U.S. Department of Commerce, Office of Business Economics
4
65-1.5
A very sharp increase in consumer
demand and an even stronger relative
rise in business investment in plant and
equipment were noteworthy features
of the widespread 1964 advance in
GNP and final sales. Sparked by the
personal income tax cut, which directly
added close to $8 billion to disposable
personal income, spendable income rose
$29% billion over 1963, and personal
consumption expenditures went up $24%
billion or 6% percent. Consumers increased their expenditures substantially
in each of the first three quarters of the
year, but the rise in the final quarter was
relatively small because of the strikes.
With demand and corporate internal
funds rising strongly, business fixed
investinent_^xivajiced^5|i-billion, or 11
percent. Good-sized gains were made
Last Year Final Demand
Continued to Advance in
All Major Markets
Percent Change
0
5
Final
Purchases
Business
Fixed
Investment
Personal
Consumption
Expenditures
State and
Local Gov't.
Federal
Govt
Residential
Construction
U.S. Department of Commerce, Office of Business Economics
15
January
in each quarter of the year and the
latest OBE-SEC anticipations surrey
indicates that the investment advance
is continuing.
The long upward trend in State and
local government purchases persisted,
with a $5 billion, or 9 percent advance
over 1963. Rising demand from abroad
increased exports $4% billion, and
increased domestic demand raised imports nearly $2 billion, so that net
exports were up $2% billion.
On the other hand, residential construction outlays weakened as the year
progressed, and expenditures for the
full year were up only three quarters
of a billion dollars. Federal Government purchases showed little change
during the year and increased only $1
billion over 1963.
Inventory accumulation remained
moderate for 1964 as a whole, totaling
little more than $3*^ billion, nearly
$1 billion less than the 1963 amount.
Toward yearend businessmen stepped
up their rate of accumulation as steel
producing and consuming industries
began to hedge against a possible steel
strike in the spring of 1965. Stocks
of both durable and nondurable goods
on an overall basis remained relatively
low and in good balance throughout
1964, and the ratio of stocks to sales
continued to drift downward. In other
postwar periods of economic growth,
this ratio had risen well before cyclical
peaks in general activity were reached.
SURVEY OF CURRENT BUSINESS
advance in average hourly earnings.
Higher sales contributed to the rise in
incomes of nonfarm proprietors, but
income of farmers feH.
The owtpwt advance in perspective
With economic activity moving upward throughout 1964, the expansion
that started in early 1961 was extended
to 15 quarters; over this period real
output has increased one-fifth. As the
accompanying text table shows, the
current expansion is one of the longest
and largest of the postwar period.
The only previous postwar economic
advance that exceeded this one in
either respect was the 28% percent
increase in real GNP over a 16-quarter
period from 1949 to 1953, under the
stimulus of the Korean war and the
backlog of unsatisfied demands carried
over from the depression and World
Real GNP and Its Cyclical Changes
GNP peak;or
trough quarter
The 1964 Rise in National Income . . .
Change
40
Billion $ Change
Percent Change
35
P
P
P
P
bilber
Averof
lions
age
Anof 1954 Quardolters Total per nual
quar- ratei
lars
ter i
297.3
373.2
1948 IV
1963 II
1957 III
1960 H
1964 IV
411.0
442.1
521.5
18
17
11
18
1.3
.6
.7
.9
25.5
10. 1
7,6
18.0
5.2
2.3
2.7
3.8
Trough to peak
290.3
373.2
359.5
T 1954 II
P 1957 III
411.0
T 1958 I
P 1960 II
393.0
T 1961 I
1964 IV
434.2
P 1948 IV
T 1949 II
25
15
Percent change in
real GNP
442.1
521.5
16
28.6
1.6
6.5
13
14.3
1.0
4.2
9
12.5
1.3
5.4
15
20.1
1.2
5.0
Peak to trough
30
20
GNP Num-
Peak to peak
T 1949 II
P 1953 II
~
—
10 "
. _ 297.3
290.3
373.2
359.5
2
-2.4
4
-3.7
-.9
P 1957 III
. _ 411.0
T 1958 I .__
393.0
2
-4. 4
-2.2
P 1960 II - .
T 1961 •!
3
-1.8
-.6
P 1953 II
T 1954 II
_
442.1
434. 2
-1.2
Entire period
P 1948 IV
1964 IV
National income up
Preliminary data indicate that national income totaled $510 billion for
the year, a gain of $32 billion, or 6^
percent, over 1963. Almost all of the
important income shares were higher.
Profits increased by $6 billion, or 12
percent, and profit margins (corporate
profits as a percent of corporate GNP)
continued firm throughout 1964. Both
profits and profit margins have shown
strength for a much longer period in
the present than in other postwar
expansions.
Wage and salary payments were also
substantially higher. The increase in
production was strong enough to bring
about a 2% percent gain in employment.
On an overall basis changes in average
weekly hours were slight. Payrolls
were further bolstered by the continued
War II. With the business upswing
continuing in the first quarter of 1965,
the length of the current expansion now
equals that of the 1949-53 advance.
Measured from the previous business
cycle peak (second quarter of 1960) the
increase in real GNP has already
totaled 18 percent. This may be compared with peak-to-peak gains of 25%
reflected a spurt in Corporate Profits .
and continued growth in
Compensation of Employees .
1961-62
1962-63
U.S. Department of Commerce, Office of Business Economics
1963-64
297.3
_. 521.5
64
75.4
.9
3.6
P—GNP peak quarter.
T—GNP trough quarter.
i Based on rates compounded quarterly.
percent in 1948-53, of 10 percent in
1953-57, and of 7% percent in 1957-60.
Thus, the rise in the volume of output
over the last 4% years has been just
about as large as the rise over the 7
years of the two previous expansions
combined.
On the other hand, the quarterly pace
of the current upswing is not especially
noteworthy. Measured by the average
quarterly gain in real GNP on a troughto-peak basis, the pace of the current
upswing is so far not much different
from either of the two previous expansions, and is considerably less than
the defense-affected 1949-53 advance.
However, the recession that preceded
SURVEY OF CURRENT BUSINESS
6
the 1961-64 expansion was mild in
comparison with the two preceding
downturns. Thus, measured peak-topeak, the pace of the expansion since
1960 is greater than that of 1953-57
or 1957-60.
Personal Income, Taxes
Consumption, and Saving
The large increase in income from
current production, augmented by a
modest advance in transfer payments,
brought personal income to $49IK
billion in 1964, a gain of $27% billion,
or nearly 6 percent, over the previous
year. The relative gain was somewhat
greater than that of 1963 but little
different from that of 1962.
Due to the Federal tax cut, disposable (after tax) personal income
rose by a greater amount than personal
income. At $432 billion in 1964,
spendable income was up by a record
$29% billion, or 7% percent, from the
Personal Income, Taxes, Spending
and Saving
HBH 1963-64
Billion $ Change
-5
0
1962-63
1961-62
10
20
30
40
Personal income rose substantially in 1964
Personal
Income
Federal personal income taxes declined
because of the new law . . .
Federal Taxes
State and Local Taxes
and disposable personal income rose
by a record amount
Disposable
Personal
Income
As a result, both spending and
saving increased
Personal
Consumption
Expenditures
U.S. Department of Commerce, Office of Business Economics
previous year. In absolute terms this
gain exceeded the next largest annual
postwar rise (1962) by nearly $9%
billion, and in percentage terms it
was the largest since the Korean war.
It is now estimated that for the
year as a whole, the Federal personal
income tax cut directly increased 1964
disposable income by close to $8 billion.
The remainder of last year's gain in
spendable income is traceable to increasing economic activity, including
indirect tax cut effects.
Because of a number of offsets, total
personal taxes fell by much less than
$8 billion. With economic activity
rising rapidly through the year, the
personal income tax base expanded.
Moreover, as the Nation's income increases, the average effective tax rate
tends to drift up as families and individuals enter higher income classes subject to progressively higher rates. All
told, Federal personal income taxes
were off only $3 billion from 1963 to
1964. With the increasing income base,
State and local personal taxes also
continuted to rise, with a $1 billion
increase over the previous year.
Major provisions of new tax law
The tax cut was signed into law in
late February, with its provisions retroactive to the start of 1964. The increase in take-home pay was reflected
in pay checks starting in early March.
Although the new tax legislation
called for a two-step reduction in individual income tax rates—one to take
place on 1964 income and a smaller
reduction on 1965 income—the withholding tax rate was immediately cut
to the lower 1965 rate of 14 percent.
The pre-tax-cut withholding rate was
18 percent. The immediate reduction
to the lower rate, of course, brought
about a larger cut in taxes and increase
in take-home pay during 1964 than
the new 1964 rates call for, and will
result in greater yearend settlements
and smaller-than-usual tax refunds in
the first part of 1965.
Nearly all of the reduction in personal income taxes during 1964 and in
later years is traceable to rate changes;
while there are several structural changes
in the income tax law, their effects are
estimated to be largely offsetting. At
1963 income levels, the structural pro-
January 1965
visions of the new law reduced taxes
by about $0.5 billion, but other provisions added about $0.7 billion. Rates,
on the other hand, were cut from a
1963 range of 20-91 percent (bottom
to top bracket) to a 1964 range of
16-77 percent. This year rates are
scheduled to fall further to a 14-70
percent range.
The most important
structural
changes are the regulations permitting
a minimum standard deduction in excess of that previously allowed lowincome taxpayers; the doubling of the
dividend exclusion; and the deduction
of moving expenses from taxable income in certain instances. These reductions are partly offset by increases
due to the elimination of certain State
and local taxes from those eligible for
deduction, and the tightening of rules
governing the exclusion of sick pay and
deductions for casualty losses.
Personal spending and saving up
Most of the very large increase in
disposable income was spent during
1964, the personal saving rate increasing only three-fourths of a percentage
point. At $399 billion in 1964 personal consumption expenditures were
up $24 billion. There was also a $5
billion rise in personal saving.
The personal saving rate increased
to 7% percent last year from 6% percent
in 1963; over the post-Korean period
the ratio has averaged 7^ percent.
Some of the 1964 rise over the average
saving rate can be explained by the
decline in car sales during the fourth
quarter. If auto purchases in that
quarter had remained at the third
quarter rate—and if all other expenditures had remained the same—the
personal saving rate for all of 1964
would have been even closer to the
post-Korean average.
In early 1964, the advance in personal consumption expenditures accelerated as compared with previous quarters in 1963 possibly because of some
anticipatory buying, as the passage of
the tax cut became progressively more
assured. The $8% billion (annual rate)
advance from the fourth quarter of
1963 to the first quarter of 1964 was
the largest yet recorded in the current
expansion. Indeed, prior to 1964 there
had been only one quarter in the current
January 1965
SURVEY OF CURRENT BUSINESS
extending to all major types of goods
and services. Of the $24 billion increase in total consumer buying in
1964, expenditures for durable goods
rose nearly $5 billion and outlays for
nondurable goods and services each
went up by almost $10 billion. The
gain has not been unduly concentrated
in any one market and has thus tended
to contribute to price stability.
Last year was the third consecutive
year of high and rising consumer automobile purchases. New car sales (including sales to business and government) totaled 8.1 million units, a rise of
0.4 million over 1963. Dealers sold 7.6
million domestically produced cars.
The 1964 gain in dollar outlays on
new autos was slightly greater than the
increase in the number of new units
sold. Last year the average retail
price paid per automobile was a little
higher than in 1963, as the public
continued to exhibit a preference for
extra equipment and for more luxurious
models. In addition, strong demand
caused dealer discounting to fall a little.
The average car price rose even
though the proportion of compacts and
intermediate classes, i.e., smaller than
the Big 3 standard autos, increased.
Compacts and intermediates were 41
percent of totals sales in 1964, as compared with 37 percent during 1963.
Because of the increasing popularity of
the more expensive luxury and sport
Variations in saving rate typical
compact models and the decrease in the
The behavior of the saving rate dur- sales of the economy-type compact the
ing 1964 was broadly similar to its average price of the compact has been
pattern during like periods since the going up.
Second World War. Typically, when
Spending on furniture and household
disposable personal income in a single equipment moved up rapidly during
quarter has increased by a large the first half of 1964 as buying of
amount —2% percent or more—the sav- household appliances in particular
ing rate in that quarter has jumped spurted. The new higher level of
sharply. In the quarter following the spending reached in the spring quarter
large increase in spendable income, the was maintained in the summer, and
saving rate has usually declined sharply, there was a further small gain as the
returning close to the postwar average. year ended.
The large increase in saving that acAmong nondurable goods, varying
companied the auto strike in the
patterns of growth were shown by the
closing quarter of 1964 was also typical,
for whenever auto buying has fallen, major categories. Food expenditures
(including alcoholic beverages) rose
personal saving has increased.
nearly $4% billion, or 5 percent, during
Pattern of consumption expenditures 1964. Purchases of clothing and shoes
in 1964
registered impressive gains and for the
The gain in consumer
year as a whole were up $2% billion,
the end of 1963 has been broadly baseu,
" ^ercent, from 1963, a much larger
business upswing when consumption
rose as much as $6 billion. The first
quarter 1964 rise extended to a broad
range of commodities and services.
The second-quarter gain of over $6
billion in consumer buying was more
moderate (partly because of a shortage
of new cars) and, with the tax cut effective throughout the quarter, the
saving rate approached 8 percent. In
the third quarter, however, consumption expenditures went up by a near
record for peacetime — $8% billion, or 2
percent, and the saving rate declined to
the post-Korean average. During this
quarter automobile sales rose sharply
($!}£ billion) and spending for most nondurable goods and services was substantially higher.
The closing quarter of the year witnessed only a modest increase of $1% billion in personal consumption expendin
tures. Since disposable income was up
nearly $6% billion, the saving rate
exceeded the second quarter 1964 highWith the new 1965 model cars in very
short supply during most of October
and November, auto purchases fell by
$3 billion in the final quarter, but the
advance in nonauto consumer purchases
was still fairly large. As inventories
of new cars became more plentiful and
in better balance, auto buying moved
up sharply toward the end of the
quarter.
rise than the $1 billion or so growth
typical of recent years. Gasoline and
oil expenditures were up sharply, adConsumer Demand for a Wide Range of
Goods and Services Rose Through the Year
Billion $ (ratio scale]
100
150
Fourth quarter auto sales
were affected by the strikes
15
1961
1962
1963
1964
Quarterly, Seasonally Adjusted,
at Annual Rates
U.S. Department of Commerce, Office of Business Economics
1965
SURVEY OF CUREENT BUSINESS
8
BUSINESS INVESTMENT
Personal Consumption Expenditures by Major Type
[Percent change from previous year]
1962
1963
1964
Goods and services, total.
&*
5.1
6.S
Durable goods,, totaL.
—
Automobiles and parts_._~—
Furniture ~arrd hoosebotd
equipment - - - Other
Nondurable goods, total
Food and beverages
Clothing and shoes
Gasoline and oil
Other
Services total
Housing
Household operation.
Transportation
—
Other ,
ims
7.6
10:2:
9.4
616
20; 5
4.1
5.3
5.9
12.1
10.0
41
42
4.2
3.4
4.8
3.4
3.0
2.7
4.1
4.8
5.7
5.2
8.1
6.2
5.1
5.9
5.2
5.9
6.1
5.2
5.1
6.3
5.3
7.5
4,7
3.5
7.5
5.6
6.3
4.3
7.1
vancing by almost three quarters of a
billion dollars during the year. Consumer purchases of services advanced a
little more rapidly than they had in
other recent years, with a 6K percent
rise that extended to a wide variety of
services.
Business Fixed Investment
In current dollars has risen less during the
present expansion than in the 1954-57 advance.
••11961 - N. 1964
Ell 1954 • IE 1957
Percent Change in Current $
0
10
20
30
But the rise in Capital Goods Prices
has been less this time . . .
Percent Change in Prices
0
10
40
January 1965
Last year's investment was also
stimulated by the record increase in
company internal funds, which were
bolstered by the eut in corporate taxes.
The tax cut also increased the potential
profitability of projects that had been
marginal under higher tax rates* In
addition, ample longr-term f utods weie
available in capital markets at stable
interest rates.
Business fixed investment in producers' durable equipment and nonresideiitidi construction was a strong
source of demand during 19®f as
outlays advaneed tt
For 1964 as a whole these expenditures
totaled $58 billion, with equipment
up $4 billion and nonresidential construction up $1% billion over 1963.
The rise extended to 3% years the Widespread gains in investment
outlays
duration of the current investment
expansion, which began in mid-1961
The investment rise last year spread
and was interrupted only slightly around across a broad industrial base. With
the end of 1962. It has already equaled steel production exceeding its 1955
in length the investment rise of 1954-57 level and primary aluminum output at
and, with further increases in outlays capacity, primary metal producers inalready programed for the first half increased their expenditures by oneof 1965, it appears not yet to have run third over 1963. The increase by the
its full course.
paper industry was as large. Chemical
The 1964 rise in business investment and motor vehicle producers also made
was moderate and well-sustained, like very sizable increases in capital spendthe increase in the previous years of
the current investment uptrend, and
thus continued to contribute to an
orderly growth in business activity.
Supply conditions in capital goods
industries have remained relatively
Change in Business Inventories
easy. With the flow of orders and
Billion $
contracts progressing at a fairly even
TOTAL, GNP Series
pace, pressure on prices has been considerably less. Since early 1961, for
8example, capital goods prices have
advanced only 3 percent, a marked
contrast with the 16% percent rise that
occurred in the midfifties, when the
supply situation was considerably
tighter.
Illllll
20
Factors underlying investment rise
And in real terms the 1961-64 gains
in Fixed Investment have been greater
Percent Change in Constant $
0
10
20
30
U.S. Department of Commerce, Office of Business Economics
Many factors were favorable to investment in 1964. Business confidence
was apparently bolstered by the strong
advance in demand, and businessmen
raised their sights on investment programs throughout most of the year, as
evidenced by the successive upward revisions in the OBE-SEC plant and
equipment anticipations surveys. With
production rising strongly, capacity
utilization in a number of industries
approached desired operating rates,
though on an overall basis the increase
was modest and still left a fair margin
over current output requirements. The
need to modernize and reduce costs
continued.
DURABLE GOODS
NONDURABLE GOODS
1962
'
1963
'
1964
Quarterly, Seasonally Adjusted, at Annual Rates
U.S. Department of Commerce, Office of Business Economics
6s. u i
SURVEY OF CURRENT BUSINESS
9
fairly low in the first three quarters of
the year, but accelerated in the final
quarter, partly because of stockpiling
Percent
19641 change
1963
of steel.
1963-64
For most of 1964, as in the other
13.9
44.66
39.22
All Industries
years of the current expansion, sales
18.51
18.0
15.69
Manufacturing industries
expanded faster than stocks, and stock19.1
9.35
7.85
Durable goods industries
sales
ratios edged downward. For
35.5
1.68
1.24
Primary iron and steel....
.49
19.5
.41
Primary nonferrous metal.
manufacturing
and trade combined,
Electrical machinery and
-1.4
.69
.68
eouipment
the
book
value
of
inventories averaged
Machinery, except elec1.59
28.2
1.24
trical
1.47
times
monthly
sales, down from
37.7
1.06
.1.46
Motor vehicles and parts.
Transportation equipa
ratio
of
1.50
in
1963,
and the lowest
ment, excluding motor
-7.5
.49
.53
vehicles
-.
ratio
in
10
years.
The
manufacturing
9.8
.67
.61
Stone clay and glass _ _
2.28
11.2
2.05
Other durable goods
ratio fell from 1.69 in 1963 to 1.64 in
16.8
9.16
7.84
Nondurable goods industries.
1964, a very low figure by historical
7.2
1.04
97
Food and beverage
17.2
.75
.64
Textile
standards. Ratios in trade for the
30.6
.94
.72
Paper
21.7
1.96
1.61
Chemical
year as a whole did not change much
3.41
16.8
2.92
Petroleum
8.3
.26
.24
Rubber
from 1963; since 1961 they have been
9.6
.80
.73
Other nondurable goods __
fairly stable, below those of earlier years.
13.5
1.18
1.04
Mining _ _
32.7
1.46
1.10
Railroad
The decline in the overall stock-sales
20.3
2.31
1.92
Transportation, other than rail...
8.7
6.14
5.65
Public utilities
ratio
in the first 2 years of the current
3.79 > 15.06
Communication
9.0
Commercial and other
. - 10.03
expansion was not much different from
its behavior in the early phases of prei Based on actual expenditures in 1st 3 quarters and anticipated expenditures in 4th quarter.
vious postwar expansions. However,
Source: OBE and SEC.
the downward drift of the ratio in 1963
ing. These advances, together with and 1964 has been quite different from
lesser but still substantial rises for other the increases during the advanced stages
manufacturing industries, raised the of previous upturns.
A number of factors have been remanufacturing total by nearly onesponsible
for the less intense pressures
fifth over 1963. In each of the 2 preceding years manufacturers had increased their capital expenditures by
Stock-Sales Ratios Have Fallen
7 percent.
in Current Business Expansion
Both electric and gas utilities again
embarked on extensive investment pro- Ratio
grams, following a 5-year plateau in 1.80
capital outlays. After 2 years of sharp
cutbacks in spending for equipment,
the airlines also expanded capital ex- 1.70
penditures considerably in 1964 with
new programs primarily for the acquisition of shorter-range jets. Kailroad 1.60
investment in 1964 increased one-third
over 1963, the third annual increase of
about this size in succession. In other 1.50
nonmanufacturing industries, continuing moderate and steady advance in
investment were recorded last year.
1.40
to build inventories in recent years. Of
primary importance has been the existence of ample production capacity
in most industries. Since deliveries can
be made without unusual delay, an important incentive to accumulate inventories has been dampened. In addition,
the stability of commodity prices has
reduced the need for businessmen to
stock in anticipation of future price
increases. Long-term improvements in
inventory management, which may
have been accelerated by computer use
in inventory control, have also been of
some importance.
January 19651
Expenditures for New Plant and Equipment, 1963 and 1964
[Billions of dollars]
Inventory investment little changed
During 1964 businessmen continued
their conservative inventory policies
and made only modest additions to
their stocks. For the full year inventory accumulation as measured in the
national accounts totaled approximately
$3K billion, as compared with additions
of about $4% billion in 1963 and $6
billion in 1962. Accumulation was
760-045 O—65-—2
P T
P
T
1.30
1954
55
ilml ill
LU
1.20 LJJLLJJi
56
57
58
59
60
61
62
I !j
63
64
65
T. GNP trough P. GNP peak
Note.—Ratio of inventories (end of quarters) to sales (during quarter)
in manufacturing and trade.
U.S. Department of Commerce, Office of Business Economics
65.1.12
Manufacturers9 stocks rose modestly
Manufacturers increased their inventories by about $2K billion last year
(GNP basis), somewhat more than the
1963 rise. The bulk of the 1964 increase was in durable goods industries;
soft goods producers increased stocks
approximately one-half of a billion
dollars, about the same as in the previous year. Within durables there were
good-sized increases over the year in
machinery and motor vehicle industries, reflecting the increased output
of capital goods and automobiles. On
the other hand, there was little change
in inventories of defense products, a
reflection of the leveling out in defense
hard goods production. Increases in
stone, clay and glass, primary and
fabricated metals were modest. The
relatively small rise in nondurable goods
stocks over the year was attributable to
increased holdings of the paper and
chemical industries. In food, tobacco,
textiles, and petroleum, changes were
quite small.
The rise in manufacturers' stocks was
very minor in the first half, accelerated
toward the end of the third quarter
and spurted in the closing quarter of
the year. The fourth-quarter rise was
fairly widespread and was rather large
in durables, particularly in the metalfabricating industries. It centered in
purchased materials, which had been
reduced in the first half of the year.
For the year as a whole trade stocks
rose about % of a billion dollars,
as compared with a rise of about $2
billion the year before. Retailers made
moderate additions to their inventories
SURVEY OF CURRENT BUSINESS
10
tial outlays. Activity was at a peak
in the first quarter and declined fairly
steadily thereafter. The first quarter
marked the end of a 3%-year rise during
which expenditures rose about onethird in current dollars and 25 percent
in constant dollars.
Private nonfarm starts in 1964 totaled
about \y% million units, approximately
70,000 below the 1963 number. Both
single and multifamily unit starts were
lower than in 1963, but the patterns
within the year were quite different for
Residential construction lower
the two types of housing. MultiThe value of private residential
family units, which had been rising
construction was a little higher in 1964
strongly since the first quarter of 1960,
than in 1963. Construction costs also
reached a very high rate in the autumn
rose moderately and in real terms there
of 1963 and thereafter declined. This
was no year-to-year change in residendownturn apparently reflected a reaction to an increase in vacancies in
newly-built units in a number of important metropolitan areas, where starts
Residential Construction Activity
had risen to very high levels in 1963.
Declined Through Most of 1964 .
Single family units, which had been
fluctuating within a fairly narrow range
Billion $
(ratio scale)
since 1960, drifted down during much
of 1964, but showed signs of stabilizing
in the final months of the year.
For both types combined, starts in
the
September-November period were
20
about 4 percent below the average for
the full year 1964. The recent housing
decline has taken place in the face of
as starts were lower . . .
rising incomes, and, in contrast with
Million Units
other periods of expanding business
NEW HOUSING UNITS STARTED
activity, a ready availability of mortPrivate Nonfarm
gage funds at stable interest rates.
in the first half of 1964, but the very
strong rise in retail sales in the third
quarter caused stocks to dip. The
auto strike was mainly responsible
for a further decline in retail inventories
in the closing quarter of the year.
On a seasonally adjusted basis, dealer
stocks of new domestic cars at yearend
were approximately 900,000 units, as
compared with an average level of
approximately 1.1 million units in the
months prior to the strike.
I
!
I
I
I
I
I
!
!
I
1
I
I
I
!
i
!
I
I
I
I
I
especially multifamily units
Million Units
PRIVATE HOUSING AUTHORIZED BY
BUILDING PERMITS
1959
60
61
62
63
64*
Quarterly, Seasonally Adjusted, at Annual Rates
*Starts and permits based
on Oct-Nov. average.
U.S. Department of Commerce, Office of Business Economics
Data: Census, QBE
65-i.is
Government Expenditures
and Receipts
Total purchases of goods and services
by Federal, State, and local governments amounted to $128J^ billion in
1964, a rise of about $6 billion over the
preceding year. The ratio of these
combined purchases to GNP continued
to vary within the narrow range of
20-21 percent evident over the last 7
years. Since 1962 the Federal Government share has represented a decreasing proportion, and the State and
local share, an increasing proportion
of the Government total.
The shift in the relative importance
of these two broad levels of government
has been mirrored in the increasing
importance of public outlays for nondefense purposes, which accounted for
virtually all of the 1964 advance.
January 1965
About $5 billion of this rise was
attributable to State and local governments and $1 billion to the Federal
Government.
Defense outlays level
National defense outlays, the largest
part of purchases, remained essentially
level, despite some marked fluctuations
in the quarterly pattern within the
year. Although the defense total
changed little from 1963 to 1964, there
were sizable shifts in composition. Of
particular note was the further expansion of the space program, which
advanced over $1 billion, substantially
offsetting the decline in Department of
Defense purchases. Outlays for atomic
energy development showed little
change.
Government Purchases of
Goods and Services
(ratio scale)
Billion $
80
70
60
Federal
50
40
30
20
10
r i l
1947 49
I
T I
51
i
53
I -'i
55
I
i -4
57
U.S. Department of Commerce, Office of Business Economics
i
59
i
i
61
i" t i
63
65
65.1.14
The reduction in Department of
Defense outlays last year was concentrated mainly in the major procurement programs; military assistance
was off about one-half of a billion
dollars. Hard goods purchases, a strong
expansionary factor in previous years,
declined appreciably in 1964. Procurement of ships, aircraft, ordnance
vehicles and related equipment were
down markedly, and only missiles
January 1965j
among the major procurement categories maintained the level of a year
ago. Hard goods purchases are expected to decline further in 1965.
The impact of the decline in hard
goods procurement on the total level
of the Defense Department's purchases
of goods and services in 1964 was
moderated by the appreciable increases
in payrolls for both military and
civilian personnel. Since the size of
the Armed Forces remained at about
2.7 million persons in both 1963 and
1964, and civilian employment within
the Department of Defense was also
little changed, the advance in Defense
Department payrolls was primarily
attributable to the increase in general
pay scales. Military pay was raised
in the fall of 1963 and again in September 1964; civilian employees received
pay increases in 1964 under legislation
designed to bring Federal salaries to
levels more comparable with those
paid in private industry. Over half
of the civilian employees of the Federal
general government work in defense
and related programs.
Uptrend in other expenditures
SURVEY OF CUREENT BUSINESS
in 1964, in line with recent experience.
The outlook in 1965 is for a further
advance, reflecting the upward trend
of OASI and civil service retirement
payments as well as enlarged military
pensions. This rise will be substantially
greater if pending legislation for enlarged OASI average benefit payments
is realized. Net interest paid moved
up with the increase in the national
debt and higher average interest rates.
tures had reached an approximate balance in the latter half of 1963. With
the tax cut in 1964, the Federal fiscal
position shifted sharply, moving to a
deficit of nearly $8 billion (annual rate)
in the second quarter. By the latter
half of last year, however, the deficit
was running at a $5% billion rate.
State and local outlays continued to
mount
State and local government outlays
continued the strong uptrend that has
Federal receipts, under the impact characterized the postwar period. The
of personal and corporate income tax persistent rise in these purchases has
reductions, remained at the 1963 level, augmented the other expansionary forces
despite the brisk rise in income flows in the economy in each of the business
during the year. Personal tax and non- expansions and has been a stabilizing
tax receipts, discussed above, dropped force that has dampened the subsequent
by $3 billion from 1963 to 1964. downturns.
Total expenditures of these governThis decline was offset by increases
ments,
as measured in the national
in the other major sources of Federal
income
accounts,
amounted to $67 bilreceipts.
lion
in
1964,
of
which
$63 billion, or
Federal corporate income tax accruals
94
percent,
represented
purchases of
rose by only $1 billion over 1963,
goods
and
services.
These
purchases
despite a $6 billion rise in corporate
profits. Corporate tax rates were cut are rapidly approaching the magnitude
primarily through a reduction in the of total Federal purchases, and may
maximum tax rate from 52 percent soon exceed them.
The advance in purchases of these
in 1963 to 50 percent last year. In
governments
continues to exceed the
addition,the tax rate on the first $25,000
population
increase,
and per capita outof net corporate income was reduced
lays
have
mounted
appreciably,
as the
from 30 percent to 22 percent. On
following
table
shows.
January 1 of this year the corporate
State and Local Government Purchases
tax rate for large firms was further
reduced to 48 percent; there was no
Total
Per
(millions) capita
additional cut in rates on the first
$25,000 of taxable income.
$12, 732
$88
1947
-27, 706
171
Indirect business tax receipts of the 1954
234
1958
_
40, 838
286
53, 460
Federal Government showed a larger 1962
57, 893
306
1963
328
63, 031
rise than in the previous year, reflecting 1964
the strong advance in personal conThe pressure of demand for public
sumption outlays. Contributions for
services
has been reinforced by the insocial insurance continued their upward
creasing
degree of urbanization, the
trend, and reached a total of $24%
mobility of the population, and the
billion in 1964, due chiefly to rising
changing age distribution. Increases in
levels of income.
the school and college age groups and in
Federal receipts unchanged from 1963
Apart from Federal purchases—that
portion of total Federal expenditures
included in the GNP—other Federal
expenditures, comprising transfer payments, grants-in-aid, net interest paid
and subsidies less current surplus of
government enterprises, advanced about
$3 billion in 1964, about the same as
the average annual increase over the
past 5 years. Although these outlays
are not part of GNP, they contribute
indirectly to final demand by supporting
expenditures by other sectors.
Grants-in-aid to State and local
governments accounted for the largest
portion, about one-third, of this increase. In the past decade grants-inaid under programs designed to give
financial help to States and localities Sharp shift in Federal fiscal position
have increased about 250 percent. The
With total receipts essentially level
advance since 1960 has averaged about
and expenditures rising—although at a
$1 billion annually, and has been a
slower
pace than in any of the previous
strong factor supporting the expanding
3
years—the
deficit on the national
volume of State and local activities.
Highway and public assistance pro- income account basis increased to more
grams have accounted for the major than $5 billion in 1964. This may be
compared with deficits of $1^ billion
share of these expenditures.
in
1963, and $4 billion in both 1962
Transfer payments increased from
$30 billion in 1963 to about $31 billion and 1963. Total receipts and expendi-
11
the number of persons over 65 in
particular have intensified the demand
on public resources.
Outlays for compensation represent
well over half of total purchases of State
and local governments and have been
increasing relative to other classes of
purchases in recent years. The number
of full-time equivalent employees increased to over 6 million last year,
about 4% percent above the 1963 total.
SURVEY OF CURRENT BUSINESS
12
Average earnings of both school and the mainstay of local government
nonschool employees continued their revenues, were up nearly 7 percent,
upward trend. As in previous years, about the same as in 1963.
In addition to their own revenue
education accounted for the larger part
of the 1963-64 increases in employment sources, States and localities received
almost $10% billion of grants-in-aid
and payrolls.
Outlays for construction, which ac- from the Federal Government. These
counted for about one-fourth of the grants represented almost one-seventh
State and local total in 1964, increased of the total State and local receipts as
more last year than in the 2 preceding measured in the national accounts.
years. Schools, highways, and sewer This proportion has been edging upand water systems were responsible for ward over the past decade and new
three-quarters of the c o n s t r u c t i o n ways are being sought to further assist
increase.
States and localities in meeting the
steadily increasing demands placed
upon them.
On balance, State and local governments
had a surplus on income and
Federal Purchases Little Changed in 1964
product
account of over $2 billion in
as Defense Outlays Leveled Off
1964, about the same as in 1962 and
1963. It is important, however, to
note that this surplus is a consolidated
figure which includes the operations
of the large pension trust funds of
these governments. Since these funds
generate substantial surpluses—the
pension fund surplus has increased
from $2 billion in 1960 to $3 billion in
1964—they generally more than offset
the deficits incurred from all other
State and local government activities.
GNP by Type of Product
20
-
10 —
2d
1st
2d
1st
2d
1st
2d
1st
half
half
half
half
1961
1962
1963
1964
Seasonally Adjusted, at Annual Rates
* Less Govt. Sales
U.S. Department of Commerce, Office of Business Economics
6.
State and local receipts up$5l/2 billion
Total receipts of State and local
governments increased by $5% billion
from 1963 to 1964, a somewhat
larger rise than in the preceding year.
The largest percentage gains came
from individual income taxes (36 States
now impose such a tax) and from
general sales taxes, and reflected both
the influence of a rising economy and
the impact of new revenue-raising
legislation. General property taxes,
In addition to the standard distribution of GNP by market group, the
gross national product total is classified
by four major product types—durable
and nondurable goods, construction,
and services.
The increases in demand last year
were so widespread that each of the four
broad product groups advanced. The
volume of durable goods production
rose 8 percent, and nondurable goods,
services and construction were each up
3 to 4 percent.
Since consumers buy 90 percent of
all nondurable goods produced, the
1964 gain in soft goods, of course,
reflected primarily the rise in personal
consumption expenditures. The gain
in service output resulted from both a
rise in consumer purchases and from
increases in State and local and Federal
Government payrolls, which, for this
distribution of GNP, are classified as
services. Both business and government construction output—mainly
January 1965
State and local—increased from 1963
to 1964, but private residential building
was only fractionally higher.
Production of durables very strong
The 1964 gain in durable goods is
especially noteworthy because it is not
often that the economy experiences such
a long and substantial increase in durable goods demand and output. In
Federal Budgets in Three
Postwar Business Expansions
Billion $
130
120 -
Expenditures
;
110 ~
100
90
80 -
70
2
1958
3
4
1
2 3 4
2
1959
1960
3
80 ~
70 -
60
' • • • r ' " f - I f - < • r ' f >'> I
2 3 4 1 2 3 4
1956
;
1957
8 9 10 11 12 13. 14 15
Quarters From GNP Troughs *
Note.-Based on receipts and expenditures in the national income accounts.
P. GNP peak
* The cyclical troughs in GNP are 2d qtr. 1954, 1st qtr. 1958,
and 1st qtr. 1961.
U.S. Department of Commerce, Office of Business Economics
55.1.16
SURVEY OF CURRENT BUSINESS
January 1965
nearly all business expansions rapid
advances in durable goods output have
characterized the early phase of the
business upturn. Thereafter, durable
goods output has tended to show much
less change, and indeed it is this slowdown and decline in demand and output
that typically give rise to the general
downturn. The 1961-64 upswing
started in the usual manner, with a
very rapid gain in durables during the
initial year and a quarter of the economic advance. Then—as is more or
less typical—production of hard goods
rose slowly and irregularly for the next
five quarters.
Cyclical Gains in Real GNP by Type of Product
[Percent change]
11-1954—
III-1957
1-1958—
11-1960
1-1961—
IV-1964*
AverAverAverage
age
age
Total per Total per Total per
quarquarquarter
ter
ter
GNP
Durable goods
Nondurable
goods
Construction
Services _
14.3
1.0
12.5
1.3
20.1
1.2
23.8
1.7
20.2
2.1
41.0
2.3
10.3
7.6
15.3
.8
.6
1.1
9.8
9.4
12.3
1.0
1.0
1.3
14.4
12.1
18.3
.9
.8
1.1
v Preliminary.
(Based on 1954 dollar data.)
However, in early 1964, production
of durables rose rapidly, and remained
strong throughout the year. The 1964
gain in demand for durables centered in
final purchases in the private sector.
As reviewed above, consumer demand
for autos and other durables increased
by nearly 10 percent, and business
purchases of producers' durable equipment went up somewhat more sharply.
The overall gain in durable goods
output was held down by a somewhat
slower pace of inventory accumulation
in durable goods industries in 1964
than in 1963, and by a fall in Federal
Government procurement of hard
goods.
Since the economic trough in early
1961 durable goods ouput has expanded
by more than two-fifths. As the text
table shows, the 1961-64 growth is
about twice as strong as that recorded
during the previous two economic
upswings. While output of each of
the other types of GNP has also expanded more this time, the differences
13
National Income by Industrial Division
are not nearly as marked as they are
in durables.
[Billions of dollars]
1963
Percent
19641 change,
1963-64
All industries, total
478.5
506.7
5.9
Agriculture, forestry and fisheries
18.9
18.6
—1.9
5.4
24 8
137.4
82.9
54.4
77.4
48.7
19.5
5.6
26 4
146.7
88.6
58.1
81.5
50.8
20.1
3.7
68
6.8
6.8
6.7
5.3
4.3
3.3
19.3
20.3
4.9
59.5
64.5
32
63.5
69.3
3.9
6.7
7.5
21.1
Durable goods more important
With the gain in durable goods
production outstripping the advance
in GNP for the third consecutive year
in 1964, the ratio of durable goods
production to total output rose to its
highest level—20 percent—since 1957.
After reaching a peak of 21-22 percent
of GNP in the 1951-57 period, the
gains in hard goods output fell behind
the rise in total production, and the
durable goods share fell to a low of 1819 percent in the years from 1958 to
1962. During this period there were
particularly large gains in services.
Output of nondurable goods relative
to GNP has tended to fall since the
early postwar period, while the proportion of construction to the total
has been little changed for the past
15 years.
Percent Distribution of Real GNP by Type of Product
GNP
1948
1953
1957
1958
1961
1964 v
_. _
DurNonConable durable strucgoods goods
tion
Services
Mining _ _
Construction
Manufacturing
Durables
- Nondurables
Trade
-Finance
Transportation -- Communications & public utilities
-_
Services
_ _
Government
Rest of the world
1
Average of the first 3 quarters.
transportation, and construction—and
in the trend-dominated industries—
service, finance, and utilities—shared
about equally in the 1963-64 gains.
The relative advances in these industries all fell within a very narrow range,
3% percent to 7 percent. Both the
breadth of the advance and the narrow
range of the increases were unusual.
Compensation much higher
100 0
100.0
100.0
18 9
21 9
20.9
38 3
34 4
33.7
96
10 5
10.8
33 2
33.2
34.6
100.0
100. 0
100.0
17 9
18.3
20.2
34 8
33.9
32.7
11.1
10.9
10.6
36.2
36.9
36.5
p Preliminary.
(Based on constant (1954) dollars.)
Total employee compensation rose
$2IK billion or 6% percent, to reach
$361% billion. On a quarterly basis,
Corporate Internal Funds
NATIONAL INCOME
Billion $
The $32 billion rise in national income
in 1964 extended to most major types
of income and major industrial divisions. While the bulk of the gain was
accounted for by large increases in payrolls and profits, there were also relatively large gains in nonfarm proprietors' income and in net interest. At
$39% billion business and professional
incomes were up $1% billion, and at
$26% billion, net interest was $2% billion
higher. In 1964 the only income share
to decline was farm income, which fell
about $% billion to $12% billion.
Income in all nonfarm
industries
higher in 1964
National income originating in every
major nonfarm industry division was
substantially higher in 1964 than it was
in 1963 (see text table). Income originating in both the cyclically sensitive
industrues—manufacturing,
mining,
2 3 4 5 6 7 8 9 10 11 12 13 14 15
Quarters From GNP Troughs *
P. GNP Peak
I/Undistributed profits and capital consumption allowances
* The cyclical troughs in GNP are 2d qtr. 1954, 1st qtr. 1958,
and 1st qtr. 1961.
U.S. Department of Commerce, Office of Business Economics
65.
14
the rate of gain in employee earnings
showed little change during the year,
varying from about $5 billion to $6
billion (annual rate) per quarter. Even
though the auto strikes reduced fourth
quarter payrolls in that industry, sharp
payrolls gains in the metals and machinery industries more than offset the drop
in autos and payrolls in other industries
continued to advance as in earlier
quarters.
Compensation of private employees
rose by $16 billion, or 6 percent, to
reach $291% billion in 1964. The most
important factor in the payroll gain
was the rise in average hourly earnings,
but employment also contributed heavily to the advance in total compensation. Average hours worked, on the
other hand, were not much changed.
SUEVEY OF CURRENT BUSINESS
sumption allowances—rose by nearly
$5 billion, or 12 percent, in 1964 to
reach a new high of $45% billion.
In the past 4 years corporate cash
flow has increased substantially—by a
record $15 billion, or §0 percent, from
the first quarter of 1961 to the third
quarter of 1964. The recent expansion
in corporate cash flow is in sharp contrast to developments in other postwar
upturns and is a major reason for the
current strength in business investment
in new plant and equipment. In other
expansions, cash flow was sharply
higher early in the expansion, but after
about 2 years of growth tended to level
off. This time, cash flow has increased
throughout the 4 years of cyclical
expansion.
Corporate Profits and Taxes
Corporate profits as measured for
national income purposes—i.e., before
tax and including the corporate inventory valuation adjustment (IVA)—are
estimated to have totaled $57 billion
in 1964, according to preliminary estimates. Since the inventory valuation
adjustment was negligible in 1964, as it
had been in 1963, corporate profits
before taxes and excluding IVA also
totaled $57 billion in 1964. The 12
percent increase over 1963 was the
sharpest annual rise since 1959.
A large first quarter 1964 increase
was followed by moderate increases in
the next two quarters. Comprehensive
data are not yet available for the
fourth quarter, so that the precise
effects of this autumn's automobile
strikes on 1964 earnings are not yet
known, but there was apparently a
substantial drop from the third quarter
peak.
Reflecting the effects of the 1964
Federal corporate tax cut, aftertax
profits rose even more sharply than
beforetax earnings. At $31 billion in
1964, aftertax earnings were up $5
billion, nearly one-fifth higher than the
1963 total. Dividend payments, at
$19% billion, increased a little more
than $1% billion. The resultant $3#
billion gain in retained earnings was the
sharpest in 4 years.
Growth in cashflow
Total cash flow—the sum of retained
earnings and corporate capital con-
Shares of Profits and Employee
Compensation in Corporate Gross Product
Profits ratio better maintained in this expansion
Index, GNP Trough =100
140
Profits Before Tax,
Ind.iVA
(left scale) y
120
100
100
80
,' |
t ; -\
, \. |" i , ; | - | j" I ...\ . j ;..r
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
1961
1962
1963
95
1964
January 1965
Industry pattern of profit gains
On the basis of the first three quarters
of 1964, it appears that every major
industry division contributed to the
1964 increase in corporate earnings.
The sharpest advances were reported
for both durable and nondurable manufacturing, and were especially notable
in the nonelectrical machinery, food,
and primary metal industries. Among
nonmanufacturing groups, net profit
inflows from the "rest of the world'7
increased markedly during the past
year. Other advances were less striking, but finance profits moved up for
the first time since 1961, as the rise in
interest rates paid by banks on time
deposits ceased. Earnings of communications and public utilities increased at
about the same pace as in other recent
years.
Margins well maintained
The 1963-64 advance in profits
reflected higher profit margins (see
chart) and a further strong gain in
corporate gross product. At an average $343% billion for the first three
quarters of 1964, corporate gross product was up 6 percent from 1963, about
as much as GNP. While profit margins were higher for the year as a
whole, they showed little change in
the second and third quarters; this
accounted for the slow rate of advance
in total profits.
Corporate tax and depreciation
changes
140
120
100
100
95
1 2 3 4 1 2 3 4 1 2 3 4
1958
1959
1960
120
100
100
80
I
2
3
J,
4
I
1
2
1954
0
1 2
3
4
1
6
7
1955
3 4
5
I
2
95
\
3
4
1956
8
1
2
3
4
1957
9 1011 12 13 14 15
Last year's tax rate cut was the
latest in a number of steps taken by
Federal authorities to make additional
funds available to corporations. In
1962, the Treasury Department issued
revised depreciation guidelines to
shorten the depreciable lives of most
physical assets, thus reducing taxable
earnings by increasing depreciation
deductions. Taxes were reduced by
about half as much as the additional
depreciation taken, since the average
tax rate is in the neighborhood of 50
percent. The Revenue Act of 1962
provided for a 7 percent tax credit on
certain types of new investment.
Quarters From GNP Troughs*
P. GNP peak
*The cyclical troughs in GNP are 2d qtr. 1954, 1st qtr. 1958,
(Continued on page 24)
and 1st qtr. 1961.
U.S. Department of Commerce, Office of Business Economics
65.1.is
Table 2.—Personal Income and Its Use (II-2)
Table 1.-—Gross National Product in Current and Constant Dollars
(1-3,
[Billions of dollars]
1964
1963
1964
1963
1961
1961
1962
1963
1964 P
IV
I
II
III
1962
1963
1964 *
IV
I
IV*
II
III
Seasonally adjusted
at annual rates
Seasonally adjusted
at annual rates
417.6 442.4 464.1 491.4 474.5 480.9 487.9 494.5
Gross national product. . .518.7 556.2 583.9 622.3 599.0 608.8 618.6 628.4
Wage and salary disbursements _
_ _
278.8 297.1 312.1 331.6 318.8
Personal consumption expendi337.3 356.8 375.0 399.2 381.3 390.0 396.1 404.6 406.2
tures
56 0
Durable goods
43.7 48.4 52.1 57.0 53.6 55.9 57.0 58.7
155. 4 162.0 167.5 177.1 168.9 172. 9 175.3 179.5 IQQ'C
Nondurable goods
n'o
16
166.4
146.4
161.1
Services
155.3 165.1 158.8
163.8
138.3
Gross private domestic invest68.8
79.1
82.0
87.7
87.1
85.9
87.2
87.3
IVJ
323.2 328.7 334.3
Commodity-producing
industries
110.8 118.5 123.3 129.8 125.5 126.7 128.9 130.8
Manufacturing only. 87.5 94.2 98.0 103.0 99.9 100.6 102.4 103.8
Distributive industries.. 72.9 76.6 80.3 84.9 81.9 82.7 84.1 85.7
43.4 46.4 49.3 52.6 50.2 51.3 52.4 52.9
Service industries
51.8 55.6 59.2 64.2 61.3 62.4 63.4 64.9
Government.—
90 £
502.2
340.0
132.8
105.2
87.2
53.9
66.1
O ther labor income
11.6
12.3
13.1
14
-JL
13.4
13.7
14.0
14.2
14.5
48.2
49.8
50.6
52.0
51.5
51.2
51.7
52.1
52.8
38.3
13.2
38.6
12.6
39.1
12.6
39.6
12.6
39.9
12.9
41.0
44.2
46.6
48.9
48.3
49.2
48.9
48.9
Residential nonfarm
Other
21.1
19.8
23.6
20.6
25.2
21.3
26.0
22.9
26.2
22.1
26.9
22.3
26.2
22.7
25.7
23.1
OK n
H'l
Proprietors' income
Business and professional
35.3
12.9
36.6
13.2
37. 6
13.0
39.3
12.7
Producers' durable equipment
12.3
12.4
12.4
12.4
12.4
12.4
12.5
29.0
31.0
35.1
32.4
34.2
34.6
35.6
35. 9
Rental income of persons. __ 12.2
Dividends
15.2
12.2
25.9
16.5
18.0
19.8
19.1
19.4
19.8
20.0
20.2
Change in business inventories
1.9
5.9
4.4
3.7
6.4
2.5
3.7
2.8
60
Personal interest income.. _ 27.5
30.0
32.9
36.0
34.2
35.0
35.7
36.3
36.9
2.7
.1
fio
J
•4
Transfer payments
Old-age and survivors
insurance benefits
State unemployment
insurance benefits
33.6
34.7
36.7
38.2
37.2
38.3
38.0
38.0
38.4
12.6
14.3
15.2
16.0
15.4
15.6
16.1
16.1
16.1
4.0
4.8
12.2
2.9
4.8
12.7
2.8
5.0
13.7
2.6
5.2
14.4
3.0
5.1
13.6
2.8
5.2
14.8
2.5
5.3
14.2
2.4
5.2
14.2
2.6
5.3
14.3
9.6
10.3
11.8
12.7
12.1
12.3
12.5
12.8
13.0
52.9
45.1
7.8
57.9
49.1
8.8
61.6
51.9
9.6
59.5
49.0
10.6
63.3
53.4
9.9
61.4
51.2
10.2
57.7
47.3
10.5
58.8
48.2
10.6
60.2
49.3
10.9
364.7 384.6 402.5 431.8
411.2
419.5
430.2 435.6
442.0
337.3 356.8 375.0 399.2 381.3 390.0 396.1 404.6
27.3 27.8 27.5 32.6 29.9 29.5 34.0 31.0
406.2
35.9
Addendum: Disposable personal income in constant (1954)
dollars..
328.2 343.4 354.9 375.8 360.7 366.7 374.7 378.8
383.2
1.5
.3
Farm
Net exports of goods and services
Imports
4.6
27.6
23.0
.
5.3
.6
4.0
29.2
25.2
Government purchases of goods
and services
108.0 116.3
30.7
26.3
6.7
34.9
28.2
6.0
.4
5.8
32.6
26.9
122.6 128.7 124.8
2.2
.3
7.7
34.5
26.8
125.2
3.4
.3
7.0
5.7
33.7
27.9
35.7
28.7
129.6
129.5
_ ,.
O. 7
29 2
'
57.4
62.9
64.7
65.6
64.9
64.3
67.1
65.5
49.0
8.9
.6
53.6
10.2
.9
55.2
10.3
.8
55.3
11.4
1.1
55.3
10.5
.9
54.0
11.5
1.2
57.0
11.0
.9
55.2
11.2
.9
_ _ _ 50.6
53.5
57.9
63.0
59.9
60.9
62.5
64.1
o4. o
Other
Less: Government sales„
4.4
3.6
.1
fi
130.3
fi_7
°°- '
„. 1
JJ• Q
11. o
1.2
Federal
State and local
3.9
.5
48
Addenda:
Gross National Product in
Constant (1954) dollars... 447.9 476.4 492.6 515.7 502.0 508.0 513.5 519.6
Implicit price deflator for
seasonally adjusted GNP,
1954 ~ 100
115. 8 116.7 118.5 120.7 119.3 119.8 120.5 121.0
52L 5
Farm.....::.:.:.:.:.:.:
Other
,
Less: Personal contributions for social insurance.
Less: Personal tax and nontax
payments
Federal...
State and local
Equals: Disposable personal inrmmt*
C
°me
Less: Personal consumption ex penditures
Equals: Personal saving _
v Preliminary.
' Preliminary.
Table 3.—Relation of Gross National Product, National Income and
Personal Income (1-17, 1-18)
[Billions of dollars]
1963
1961
1962
1963 1964 v
IV
Table 4.—-Personal Consumption Expenditures by Major Type (II-6)
[BiUions of dollars]
1964
I
II
III
IV*
1961
1962
1963
1964P
IV
Seasonally adjusted
at annual rates
Gross national product
518.7
Less: Capital consumption
allowances
44.5
Equals: Net national product. _ 474.1
Less: Indirect business tax and
nontax liability .
49.0
Business transfer pajTments
2.4
Statistical discrepancy
-2.6
Plus: Subsidies less current surplus of government
enterprises
1.6
Equals: National income
426.9
Less: Corporate profits and inventory valuation adjustment-44.1
Contributions for social
insurance
21.4
Excess of wage accruals
over disbursements
0
Plus: Government transfer
payments to persons
31.3
Net interest paid by government
7.4
Dividends
15.2
Business transfer payments
2.4
Equals: Personal income
417.6
Preliminary.
633.5
48.7 50.8 53.4 51.7 52.5 53.1 53.7
507.5 533.1 568.8 547.3 556.3 565.5 574.8
54.4
578.9
55.9
59.4
57.3
57.9
59.0
60.1
2.4 2.4 2.5 2.4 2.5 2.5 2.5
-1.8 -2.7 -2.1 -1.8 -1.6 -2.4 -1.4
.8
1.6 1.0
.7
.7
.9
1.0
455.6 478.5 509.8 490.0 498.4 507.1 514.5
60.7
2.5
n.a.
.9
n.a.
Goods and services, total
II
III
IV*
24.1
25. 6
22.7
22.3
23.1
24.2
24.2
24.4
8.2
8.5
8.8
8.8
57.0
53.6
55.9
Automobiles and parts
17.1
-20. 6
22.7
24.2
23.2
Furniture and household
equipment
19.3
20.2
21.4
24.0
8.8
Other
7.3
Nondurable goods, total
7.6
8.0
155.4 162.0 167.5
Food and beverages
81.3
84.6
87.1
Clothing and shoes _
28.7
29.9
30.7
56.4
57.9
58.:
23.9
26.9
28.7
27.5
28.0
28.4
29.1
0
0
0
0
0
0
32.3
34.3
35.7
34.7
35.9
35.5
35.
35.9
Housing
8.0
16.5
8.6
18.0
9.2
19.8
8.8
19.1
9.1
19.4
9.3
19.8
9.2
20.0
9.3
20.2
Household operation.
2.5
502.2
56.2
24.3
52.1
53.1
-.1
58.7
48.4
57.0
29.3
406.2
57.0
43.7
50.8
n.a.
390.0 396. 1 404.6
337.3 356.8 375.0 399.2 381.3
Durable goods, total
48.4
2.4 2.4 2.5 2.4 2.5 2.5 2.5
442.4 464.1 491.4 474.5 480.9 487.9 494.5
I
Seasonally adjusted
at annual rates
556.2 583.9 622.3 599.0 608.8 618.6 628.4
52.8
1964
1963
175.3 179.5
9.0
180.8
177.1 168.9
172.9
91.6
87.8
89.7
90.6
92.8
93.1
33.2
30.9
32.1
33.2
33. 8
33.6
Gasoline and oil
11.9
12.3
12.8
13.6
13.0
13.3
13.5
13.5
13.9
Other.
33.6
35.2
36.9
38.8
37.3
37.8
38.0
39.3
40.1
161.1 163.8
166.4
Services, total
138.3
146.4 155.3
165.1
158.8
169.2
44.2
46.5
48.9
51.5
49.8
50.5
51.1
51.8
52.4
20.4
21.6
22.7
24.4
23.0
23.5
24.0
24.8
25.3
Transportati on
10.7
11.3
11.7
12.2
11.8
12.0
12.2
12.2
12.4
Other
63.0
67.0
72.0
77.1
74.1
75.1
76.4
77.7
79.1
__
v Preliminary.
15
The Balance of Payments
IE balance on regular types of
international transactions of the United
States showed some improvement from
1963 to 1964. There was a substantial
rise in net receipts on goods and services, in large part stemming from the
merchandise trade balance, as the
advance in exports outpaced that in
imports. Most of the remainder of the
increase was in net receipts from income
on investment. To a considerable extent, however, the rise in net receipts
on goods and services was offset by the
greatly expanded outflow of private
capital in 1964.
The balance of payments deficit on regular types of transactions (exclusive of
special Government operations, such as
prepayments by foreign governments
on loans or on military contracts) was
lower than in 1963, when it was $3.3
billion, or the average of the 5 earlier
years, which was about $3.6 billion.
However, receipts from special Government transactions were sharply reduced
from the levels in the two preceding
years. Measured by changes in official
monetary reserves and in liquid liabilities to foreigners (including foreign
holdings of nonmarketable, mediumterm, convertible Government securities), the balance was probably close to
the $2.6 billion recorded in 1963.
The balance of payments was relatively more favorable in the first 3
months of 1964 than in the second and
third quarters, and worsened in the
fourth quarter. These changes reflected, in part, temporary conditions
in the opening and closing quarters
of the year rather than significant
deterioration in basic trends. In the
first quarter net receipts from merchandise trade and from income on investment were unusually high. Exports in
that period were raised by large shipments of foodstuffs to Western Europe
and the Soviet Bloc to supplement poor
harvests, and imports were temporarily
low. Moreover, income received on
16
direct investment included dividend
distributions which apparently had
been postponed to take advantage of
the reduced corporate tax rates which
came into effect at the beginning of
1964. In the fourth quarter, on the
other hand, the balance was adversely
affected by several special factors, including the temporary tulge in new
issues of foreign securities, which rose
sharply following the enactment of the
interest equalization tax, by an upsurge
in short-term capital outflows from
the low rate in the preceding quarter,
and also by the British deferral of their
annual yearend payment of $138 million
on principal and interest to the United
States.
Economic Developments
Abroad
The comparatively slow growth in
foreign business activity during 1964,
in contrast with the more rapid up-
United States Balance of Payments Accounts
Billion $
Billion $
50
12.5
Billion $
Billion $
50
12.5
PAYMENTS
RECEIPTS
Unrecorded
Transactions
40
30 -
Government Grants and
.Capital Outflow;;
10.0
40
7.5
30
Changes in U.S. Monetary
Reserve Assets and
Liquid Liabilities
10.0
7.5
Services, Investment income,and Military Sales
Services and Remittances
20 -
5.0
20
10
2.5
10
5.0
Merchandise
2.5
•;, Merchandise Imports"
1960 61
62 63
Annual
1963
1964
Quarterly
Seasonally Adjusted
1960
61
62
63
Annual
•^Excludes U.S. Government nonmarketable, medium-term, convertible securities which are included in "Changes in monetary
assets and liquid liabilities."
I/Includes scheduled repayments on Government loans, foreign private capital other than liquid funds, and U.S. Government
liabilities other than marketable or convertible securities or those associated with military exports.
U.S. Department of Commerce, Office of Business Economics
1963
1964
Quarterly
Seasonally Adjusted
Januairy 1965
trend during the preceding year, was
reflected in the movements in U.S. international transactions.
Although on a year-to-year basis the
rate of increase in industrial production
from 1963 to 1964 was higher than that
from 1962 to 1963, in: most of the major
foreign industrial countries much of the
recent rise in industrial production had
already taken place by the end of 1963.
From the fourth quarter of 1963 to the
fourth quarter of 1964 there was relatively little additional increase.
On a year-to-year basis, industrial
production in Canada and Europe advanced at about the same or at a
slightly higher rate than the 6 percent
rise in U.S. production. Among the
major industrial European countries,
only Italy experienced a decline in the
growth rate in 1964. Industrial production increased substantially more in
Japan than in the other industrial
countries for the third successive year,
even though the Japanese authorities
took measures to moderate the rapid
growth.
The international competitive position of the United States appeared to
improve somewhat further vis-a-vis
Western Europe in 1964. Price and
wage increases were apparently more
moderate here than in Western Europe,
where growing demand continued to
press on available resources with consequent rising prices and wages. Inflationary pressures in France and Italy
were checked to some extent in 1964,
but in Belgium, Netherlands, and
EFTA countries they continued strong.
The position of less-industrialized
countries remained favorable in 1964.
Continued high demand for raw materials, coupled with some further price
rises, helped maintain exchange earnings of these nations during the year.
Metal prices rose throughout 1964 and
coffee prices also advanced during much
of the year. There was some weakening of prices of other primary commodities, however, especially sugar.
The fairly steady buildup in financial
reserves of the less-developed countries,
which began in late 1962 and continued
through 1963 and the first 6 months of
1964, was reversed in the third quarter
of the year. In September, total reserves of these areas were near the 1963
yearend level.
SURVEY OF CUKKENT BUSINESS
17
Last year witnessed two serious especially large advances in shipments
financial crises which had varying to the United Kingdom, Australia, and
impacts on U.S. international trans- South Africa. Among the major tradactions. In each case international ing nations, only sales to Italy fell,
redfeetiiag
country's tightening of
ia pmven&mg the spread of diffiedilies. import levels to correct its balance of
Im March 1964, Italy referred: extai- payments positron. By commodity,
sive external assistan€e from the IMF, the most important export gains in 1964
the United States and several European were in machinery, industrial supplies
central banks to support its balance of other than fuels, and agricultural
payments, which had deteriorated products.
sharply in the preceding year due
For the year as a whole, imports were
mainly to heavy purchases of foreign about 9 percent above the 1963 level of
goods and to capital outflows. The $17 billion. Imports had changed little
United Kingdom also developed a sub- from the third quarter 1963 to the first
stantial balance of payments deficit in quarter of 1964, but in the following
1964 and late in the year took measures quarters they resumed the almost
directly affecting its trading accounts, continuous upward trend that had
and then received massive international begun early in 1961, accompanying the
financial aid to protect the pound.
upswing in U.S. business.
The financial difficulties of the two
European countries gave rise to some
of the increased outflow of U.S. private
short-term capital to Western Europe
tndeies of Industrial Production
in 1964. In the fourth quarter the
British deferred the annual installment 1961 = 100
of debt and interest payment due the
United States
120 —
United States.
Because of the British efforts to
improve their own position, there will
probably be some reduction in the U.S.
export surplus in trade with the United
Canada
Kingdom in 1965. U.S. exports to
Italy, which had expanded substantially
in 1963, dropped sharply after the first
quarter of 1964, as that country took
corrective measures to improve its
payments position.
European Economic Community
Merchandise Trade
Net receipts from merchandise trade 100
in 1964 were at their highest level since
the early post World War II period,
apparently exceeding even their high j 2Q -__,.-,„—.—.
United Kingdom
«.™^,,™.—„
1957 rate of $6.1 billion. Both exports
and imports were at record amounts.
U.S. exports in 1964 rose about 13
percent from the 1963 rate of $22
billion. Exports rose steadily throughout 1963, but from December through
August 1964 held on a high plateau.
After a bulge in September, reflecting
some increase in exports in anticipation
of a longshoremen's strike, exports
dropped back in October and November
but remained somewhat above earlier
1962
1963
1964 levels.
Quarters, Seasonally Adjusted
Export gains by country were widespread throughout the world, with U.S. Department of Commerce, Office of Business Economics
u
1964
SURVEY OF CUEEENT BUSINESS
18
Imports of capital equipment,
industrial supplies and materials, and
consumer goods all rose substantially,
reflecting high levels of economic activity prevailing in 1964. However,
foodstuff imports remained close to
the 1963 rate. Rises in coffee prices
were partly offset by declines in volume;
sugar imports declined in both price
and quantity; and beef imports dropped
off because of increased domestic supplies and lower prices, and quota
restraints placed on imports in 1964.
The reduction in meat imports
resulted in substantial declines in
imports from Australia and New
Official Reserves Held by
Foreign Countries
Billion $
Billion $
4
Canada
WESTERN EUROPE
30
25
Zealand iii 1964. Declines in imports
of sugar and wool from Latin America
were to a large extent offset by rises
in coffee and metals, so that the total
level of imports from that area was
relatively unchanged. Suppliers of
manufactured goods imports—Western
Europe, Canada, and Japan—enjoyed
large increases in trade with the United
States last year, as did raw materials
suppliers in Asia and Africa.
Income receipts from private foreign
investments increased much more in
1964 than in any earlier year. Earnings
from newly developed oil fields in
North Africa contributed to the higher
figures in 1964. Part of the 1964 rise
also included dividend distributions
that had been deferred from the
preceding year to take advantage of
reduced tax rates in 1964. There may
also have been similar postponements
from 1964 to 1965, when additional
tax reductions become effective, but
these are not expected to be as large
as in 1964.
Private Capital Outflows and
Government Operations
Other
Australia, New ZealancI,
South Africa
20
Latin America
15
fePfS
10
Other Less-Developed
Countries
12
10
11
1
1953
58 60 62 64*
* Data through September
1953 58 60 62
U.S. Department of Commerce, Office of Business Economics
64*
Data: IMF
65.1.21
The rise in U.S. private capital outflows in 1964 offset very much of the
substantial increase in net receipts
from merchandise trade and income on
investments.
U.S. lending abroad, by both banks
and by nonfinancial concerns, rose
markedly to record levels in 1964,
following relatively moderate outflows
in 1962 and 1963. Corporate foreign
lending included several special transactions, the largest of which was a
$255 million payment in the third
quarter for a major electric power project in British Columbia, but the availability of funds in excess of domestic
requirements of U.S. corporations may
also have contributed to the rise in
outflows.
U.S. direct investment abroad also
rose from 1963 levels, and was higher
than in all years except 1957.
New issues of foreign securities were
smaller than in 1963, although fourth
quarter outflows for new issues were
larger than those in the preceding three
quarters combined. The fourth quarter spurt was very likely a reaction to
January 1965
the deferral of purchases that were
held up earlier pending congressional
action on the proposed interest equalization tax, which was finally passed in
August 1964. The recent bulge is
probably temporary and is likely to
recede during 1965.
Net U.S. sales of outstanding foreign
securities, a development that started
in 1963 after the interest equalization
tax on purchases was first proposed,
apparently declined somewhat from
the peak rates reached in the last
quarter of 1963 and the first quarter
of 1964.
Changes in Government transactions
contributed to the improvement in the
balance of payments in 1964. U.S.
Government grants and capital outflows in 1964 probably were less than
the $4.5 billion level in the preceding
year, largely because of reduced outlays
in the early part of the year. There
was some decline in both AID and
Export-Import Bank activities in 1964.
U.S. military expenditures abroad were
reduced somewhat in 1964 while deliveries against sales contracts with
foreign countries increased.
Changes in Reserves
U.S. official reserve balances at the
end of 1964 showed the least adverse
annual change since 1957. The drop
in the gold stock of $125 million was
appreciably less than the $461 million
drain in 1963, which in turn had shown
the smallest decrease in 6 years.
The official gold reserves of foreign
countries, which had increased by $1.2
billion in 1963, registered a smaller rise
in 1964. Most of the gain was in
reserves of France and Germany.
Total official world reserves of gold
and foreign exchange, excluding those
of the United States, rose by about
$3.8 billion during 1963, but based on
data for the first 9 months, the 1964
advance was much smaller. Most of
the increase entered the reserves of
continental European countries, mainly
France, although reserves of Canada
and Australia also rose notably. The
reserves of the less-developed countries,
which had increased by about $1 billion
in 1963, were little changed at the end
of September 1964 from December 1963
levels.
EMPLOYMENT - PRICES - FINANCE
J. HE strong expansion of the economy during 1964 brought a rise in
employment that more than kept pace
with the increase in the labor force.
The small but significant decline in
unemployment, about 300,000, reversed
the slight increase of 1963, when business advanced at a more moderate rate.
Total employment reached 70.4 million in 1964. The increase of 13^ million
over 1963 exceeded the rise of about
1 million in the preceding year. The
1964 growth in the labor force of 1.3
million was a bit above the annual
increase projected on the basis of longterm influences, and was the largest in
recent years. The increase in adult
females in the labor force was larger
than that of adult males, and, as
expected, the rise in young workers was
important.
Unemployment averaged about 4
million on a seasonally adjusted basis
in the early months of the year and
remained a little below this level during
the remainder of 1964. The rate of
unemployment averaged 5.2 percent of
the civilian labor force, down from 5.7
percent in 1963. The fourth quarter
1964 rate was 5 percent. Thus, some
progress was made during the year
toward the Government's interim goal
of reducing unemployment to 4 percent
of the labor force.
Among the major nonagricultural industry groups, only mining and Federal
Government employment did not show
Labor Market Developments
The 1.5 million rise in employment in 1964
was the largest in some years
Million Persons
76
CIVILIAN EMPLOYMENT
72
68
Total
64
60
56
I 1 , 1 i i -i I I i I l I
Unemployment showed a small but
significant improvement
8
UNEMPLOYED (All Civilian Workers)
Improvement general in unemployment rates
Percent
20
UNEMPLOYMENT RATE
15
Employment rises widespread
The uptrend in nonagricultural employment was strong throughout the
year, with only minor interruptions.
Increases were quite widespread, extending to most age and sex groups in
the labor force, most occupations and
skills, as well as most industries.
a rise. Agricultural employment continued downward, as the secular shift
out of farming was extended. The
group of nonmanufacturing sectors that
have accounted for much of the rise in
recent years continued strong in 1964.
In State and local government, trade,
finance, and services, employment increased a total of about 1 million in
1964, or 70 percent of the total rise in
nonfarm establishments.
Employment in manufacturing advanced by 300,000 in 1964, or double
the previous year's gain, to a peacetime peak of 17.3 million. Most of the
rise was in durable goods industries,
where only the ordnance and electrical
machinery industries, among the major
groups, did not advance. Among
nondurable goods industries some increase was the rule, except in the food,
tobacco, and petroleum groups.
Kising production also brought about
a small extension in weekly hours of
work in manufacturing. The increase
was most pronounced in durable goods
industries, where the workweek was
longer than in any year since 1955.
10
'Married Men
0
I . I .1 . I - I
1950
52
54
I
I
56
I
I
58
L >l M 'I, 'I- 1 '
60
62
64
Data: BLS
U.S. Department of Commerce, Office of Business Economics
55.1.22
The fuller utilization of the expanding
labor force was manifested in several
ways apart from the overall rise in
employment and decrease in unemployment. The number of workers on parttime who desired full-time employment
declined in 1964 to the lowest level in
many years. On the other hand, the
number of part-time workers who did
not want full-time jobs—mainly women
and young people—continued to rise.
The small improvement in unemployment was quite general, extending to
19
SURVEY OF CUKKENT BUSINESS
20
groups whose position in the labor
market has been least favorable, as
shown in the accompanying table.
Unemployment for teenagers edged
downward, though it remained high
Employees in Nonagricuftural
Establishments
The long-term uptrend was extended
in private nonmanufacturing . . .
Million Persons
35
Private Nonmanufacturing
30
25
I
20
I
i
I
!
I
I
I
I
I
I
I
and in State and local Government
15
GOVERNMENT
10
State and Locals
FederaU
i
I
I
I
i
i
i
i
i
i
Manufacturing rose by 300,000 as
durable goods employment reached
its best level since 1957
20
MANUFACTURING
15
* Total
Durables
^
10
\
20 years of age showed a further decline.
For adult
males, unemployment
dropped below 4 percent, and for married males with spouse present it fell
below 3 percent. Both rates were the
lowest in recent years.
Unemployment by skills also showed
a general improvement, but with little
shift in the pattern of low rates for
skilled, white-collar, and professional
workers, and high rates for unskilled,
blue-collar, and service workers. The
improvement for blue-collar workers
from the year before was striking, however, and the unemployment rates for
these groups were the lowest in recent
years.
Finally, with the continued expansion
in jobs there was some decline in the
proportion who had been jobless for
long periods. Thus, the apparent
tendency toward a secular increase in
long-term unemployment, which seemed
to be emerging a few years ago, has
yielded to the sustained economic expansion of the recent period.
The labor market experience of the
past 2 years points up the difficulty of
the unemployment problem. In 1964,
the moderate reduction in unemployment was associated with a gain in
real output of about 4^ percent. In
1963, when the rise in output was close
to 33^ percent, unemployment edged
upward. The performance of the past
2 years is consistent with calculations
that at current rates of growth in the
labor force and in productivity, an
increase between 3J^ and 4 percent in
aggregate output is associated with
little change in unemployment. This
January 1965
range is higher than that for the decade
of the 19'50's, mainly because of a
larger current growth in the labor force.
Table 1.—Selected Aspects of Unemployment
[Percent]
1956 1959 1960 1961 1962 1963 1964
Unemployment rates:
Total
Male.
3.8 5.5 5.6 6.7 5.6 5.7 5.2
3.5 5.3 5.4 6.5 5.3 5.3 4.7
14 to 19 years of age
20 and over. _
9.6 13.8 14.0 15.4 13.3 15.5 14.5
3.4 4.6 4.8 5.7 4.6 4.5 3.9
White
Nonwhite
3.1 4.6 4.8 5.7 4.6 4.7 4.2
7.3 11.5 10.7 12.9 11.0 10.6 9.1
Married, with spouse.. 2.3 3.6 3.7 4.6 3.6 3.4 2.8
Single J ....
7.7 11.6 11.7 13.1 11.2 12.4 11.5
Female
_ _ _ 4.3 5.9 5.9 7.2 6.2 6.5 6.2
14 to 19 years of age
20 and over
9.9 12.3 12.9 14.8 13.2 15.7 15.0
4.2 5.2 5.1 6.3 5.4 5.4 5.2
White
Nonwhite
3.8 5.3 5.3 6.5 5.5 5.8 5.5
8.0 9.5 9.5 11.9 11.1 11.3 10.8
Married, with spouse. _ 3.6 5.2 5.2 6.5 5.4 5.4 5.1
Single
5.3 7.1 7.5 8.5 7.9 8.9 8.7
By Occupation:
White-collar workersProfessional and technical
Managers, officials,
and proprietors
Clerical workers _ _ _
Sales workers _
B lue-collar workers
Craftsmen and foremen
._
Operatives
Nonf arm laborers
Service workers.
Private household
workers
Other service workers
- _ _
Farmworkers
Farmers and farm
managers
Farm laborers and
foremen
1.7 2.6 2.6 3.3 2.8 2.8 2.6
1.0 1.7 1.7 2.0 1.7 1.8 1.7
.8 1.3 1.4 1.8 1.5 1.5 1.4
2.4 3.7 3.8 4.6 3.9 4.0 3.7
2.7 3.7 3.7 4.7 4.1 4.2 3.4
5 1 7 6 7 8 q 9 7 4 7.2 6.3
3.2 5.3 5.3 6.3 5.1 4.8 4.2
5.4 7.6 8.0 9.6 7.5 7.4 6.5
8.2 12.4 12.5 14.5 12.4 12.1 10.6
4.6 6.0 5.7 7.0 6.0 6.0 5.8
4.2 4.8 4.9 5.9 4.9 5.2 4.9
4.8 6.4 6.0 7.4 6.4 6.2 6.1
1.9 2.5 2.7 3.0 2.2 3.0 3.1
.4
.3
.3
.4
.3
.5
.5
3.7 5.1 5.2 5.7 4.3 5.5 5.8
Percent distribution of
unemployed by duration
of unemployment :
Less than 5 weeks
5-14
15-26
27 weeks and over
.52.6 43.5 45.7 39.5 43.8 44.3 46.1
28.6 29.2 29.9 28.6 28.3 29.5 28.8
10.7 12.3 12.8 15.1 13.3 12.8 12.6
8.2 15.0 11.5 16.7 14.6 13.3 12.4
Source: U.S. Department of Labor, Bureau of Labor
Statistics.
Nondurables'
Price Developments
0
\
1953
i
i
55
j
i
57
i
\
i
59
i
61
\
i
63
r
65
Data: BLS
U.S. Department of Commerce, Office of Business Economics
65-1-23
(about 15 percent) for both sexes.
Similarly, small improvements in the
high rates for single persons and for
nonwhites of both sexes were recorded.
The already low rates of unemployment
for married males and for those over
PRICE changes during 1964, as measured by the broad indexes, were not
markedly different from those of other
recent years. The GNP deflator, which
has increased each quarter for the past
10 years, averaged more than 1% percent higher than in 1963, with moderate
price advances in construction and
government purchases and lesser increases in producers' durable equipment
and personal consumption expenditures.
Prices in wholesale markets were about
unchanged for the year as a whole,
with a further decline in prices of farm
products and processed foods offset by
some firming in industrial commodities.
Consumer prices advanced about 1%
percent, the same as the rise experienced in the past 3 years.
The absence of any substantial advance in the major price indexes during
recent years, despite large increases in
SURVEY OF CUEEENT BUSINESS
January 1965
21
demand, has been due in large measure industrial capacity has been one of the
Wholesale Prices of Selected
to the relative ease of supply conditions most important factors behind the
Durable Goods
for most products. Industrial output price stability of recent years. The
1957-59=100
has expanded at a fairly even pace fairly large gap between capacity and
rather than in unsustained bursts, output dates back to the 1956-57 108 IRON & STEEL
capacity to produce has grown in a period, when additions to manufactur.SteeLMiJLProducts^.,
\
like manner, and a fair-sized margin of ing capacity outstripped the rise in
capacity over requirements has per- output. Since then producers have
sisted. Unemployment has edged lower continued to enlarge their production 9 6 i ii 1 1 1 1 1 1 1 1 | i i 1 1 1 li i 1 1 i 1 1 ii 1 1 1 1 1 1 1
but is still somewhat high. Labor capabilities, partly through expansion
1961
1962
1963
1964
shortages exist in only a few geograph- but especially through modernization.
ical areas and in a very limited number Although output has expanded at a
of skills. In addition, agricultural sur- somewhat faster rate than capacity 120 NONFERROUS METALS ~
pluses remain, and competition from since 1957, ample facilities still exist in
abroad continues to restrain many most industries and the overall utilidomestic prices. Despite higher wage zation rate of manufacturing capacity
rates, upward pressures on costs have continues below the levels of the early
been dampened by rising productivity. and mid-1950's, a period which witnessed strong increases in prices.
104
Wholesale industrial prices little
During 1964, the overall index of
changed
industrial commodity prices was quite 100
Prices of commodities other than stable, with relatively small offsetting
farm products and processed foods price movements within the price
averaged fractionally higher in 1964 structure. Prices trended a little lower
than in 1963 but were still only 1 in the winter months, remained about
SELECTED METAL PRODUCTS —
108
percent above the 1957-59 average, unchanged through the summer, and
Containers.
The year 1964 was the fifth consecutive rose a little in the fourth quarter.
104
—
year of price stability in wholesale
The sharp rise in nonferrous metals
markets for industrial commodities, a quotations, especially in the latter part
remarkably long span of time when of the year, was a noteworthy developviewed historically and when considera- ment during 1964. Iron and steel protion is given to the substantial growth ducers posted selective price changes—
in industrial output since 1959. Ample both up and down—the most recent
change being a 3 percent increase in 88 > ii i i In i!
galvanized products last month. For
116
the year as a whole prices of steel mill
MACHINERY
Wholesale Commodity Prices
products
were
virtually
unchanged
from
112
Have Changed Little Since 1958
Metalworking <
the levels reached after the increases
1957-59=100
in the fall of 1963. Prices of steel 108
108
General Purpose
scrap were bid up sharply, in response
104
to the higher level of ingot output.
Producers of fabricated metal products 100
104
made only limited price changes last
Industrial
Commodities
year despite their increased materials 96 11 m-l
costs. Fabricated structural products
prices edged higher, plumbing fixtures 112 CONSUMER DURABLES
100
V
All
were more costly, but heating equip- 108
Commodities
Household Furniturev
ment prices dropped.
104
Overall machinery and equipment
:-.-r
96
Passenger Cars
prices avaraged about three-fourths of
100
1 percent above 1963 as new programs
for industrial expansion and the con- 96
92
tinuing mechanization of farm operations stimulated demand. Metalwork- 92
Household Appliancesing equipment prices pushed steadily 88 I I I M 1 I ! I I I I I I I I I I I 1 I I I
!
I
I
t
I
I
88
upward, and the long downtrend in
1961
1962
1963
1964
1954
56
58
62
64
60
electrical machinery prices leveled out
U.S. Department of Commerce, Office of Business Economics
at midyear.
U.S. Department of Commerce, Office of Business Economics
96
I I I I I I I I III i I I! I I 11 I I I I
II M i l l M I L
" S"!--^S **-tr~a.. ft-' ..^
Data: BLS
to: BLS
65-1-24
65-1-25
22
SUKVEY OF CUEEENT BUSINESS
Among other durable goods, lumber
prices declined after the spring months
as single-family housing starts faltered.
Prices of concrete products eased slightly.
Offsetting price movements characterized wholesale markets for consumer durables, with furniture prices
somewhat higher, auto prices about
Consumer Prices
• Another year of modest price increase
• Pattern similar to past few years
Percent Change
5
steady and appliances and television
sets carrying lower price tags.
With the exception of refined petroleum prices, which fell 5 percent due to
the effects of excess refining capacity,
wholesale prices for the major categories
of industrial nondurable commodities
showed very little year-to-year change.
The index of chemical prices inched up
although industrial chemicals and drug
costs averaged slightly lower than a
year earlier. Overall textile products
and apparel items were a little more
costly than in 1963, tire prices were reduced during the spring months after
being raised the previous fall, and paper
prices increased slightly during the year.
.'.TOTAL
Consumer price index uptrend maintained
195455
5657
5859
6061
62-6363 64
ta: BLS
U.S. Department of Commerce, Office of Business Economics
65-1-26
Consumer prices rose 1% percent over
1963, and for the year as a whole were
8 percent higher than the average of
the 1957-59 period. Foods, nonfood
commodities, and services all showed
year-to-year gains comparable with
those which took place during 1963.
The rise in food prices over 1963 was
attributable primarily to a 4 percent
increase in prices for fruits and vegetables, due in part to a late spring
freeze and in part to summer droughts
which reduced vegetable crops. Small
increases also took place in retail prices
of cereals and bakery products, and
dairy products. Meat prices were below year-earlier levels throughout most
of 1964.
Although demand for consumer durable goods remained strong last year,
prices for most items changed little as
markets continued to be very competitive. List prices for 1965 model cars
were up slightly and actual delivery
prices rose somewhat more than seasonally following settlement of the
strikes late in the year. Used car
prices displayed remarkable stability at
a relatively high level over the entire
12-month period. Prices for household
durables edged off further as the year
progressed, and by yearend were 1 percent under the corresponding months of
January 1965
1963 and 2 percent below the 1957-59
average. Prices of nondurable commodities other than food did not change
much within the year, but averaged
about 1 percent higher for 1964 as a
whole.
The upward push of service prices,
which has slowed somewhat in recent
years, still continued to be a major
contributing factor to the rise in the
total consumer price index. All major
service components rose during 1964.
Sharp fluctuations in agricultural
prices
Surpluses of many agricultural commodities continued to exert downward
pressure on farm products prices during
1964, and prices received by farmers fell
by 2 percent. Crop prices were unchanged from 1963, but the heavy
volume of meat animal marketings reduced prices for livestock and products
4 percent.
Federally inspected cattle slaughter
swelled markedly over 1963 levels and
wholesale prices for beef steers dropped
sharply at Chicago and other markets
during the early part of the year. In
an effort to maintain a reasonable return to producers, the Federal Government began large-scale purchases of
frozen and canned beef in March and
continued the market stabilizing program through December. Steer prices
responded with a price increase during
the summer and fall months. Over
the life of the program, which ended
on December 30, a total of $222 million
was spent to purchase the equivalent of
about 1 million head of cattle.
Hog prices were not much changed
from 1963, because of competition
offered by heavy beef supplies. On
an overall basis, the BLS index for
livestock and poultry prices at wholesale dropped 4% percent from 1963 to
1964, and was about 15 percent below
the 1957-59 average. The corresponding declines in the wholesale index for
processed meats, poultry, and fish,
although substantial, were not so pronounced.
SUBVEY OF CUEEENT BUSINESS
January 1965
Finance and Money Markets
THE volume of investment last year
exceeded the 1963 pace. A sharp
increase in business fixed capital outlays brought gross private domestic
investment during 1964 to $87% billion,
$5% billion above the 1963 level. Net
foreign investment, at $5 billion last
year, was up $2% billion over the previous year.
Gross private saving was $97% billion,
$ 11 billion greater than in 1963. Slightly
under half of the rise occurred in personal
saving, with the remainder of the advance split about equally between
corporate retained earnings and capital
consumption allowances. The deficits
of all levels of government combined
totaled $3 billion last year, in contrast
to surpluses totaling $1 billion in 1963.
Financial flows also increased last
year. Most categories of security issues
and direct borrowings were higher, and
Bonk Credit and Reserves
Bank credit continued to expand in 1964
Billion $
8
'.
' '•• '. ' , •'•:':-, ':>„ >-'.'v '""V'.V-V .'V-V • • ' " ' ^^^
m INViSJMINTS
"
'
' ' '
-2
Borrowed reserves showed little change on balance
Percent
6
BORROWING FROM FEDERAL RESERVE AS PERCENT OF TOTAL RESERVES
1959
1960
1961
1962
1963
1964
Data: FRB
U.S. Department of Commerce, Office of Business Economics
65-1-27
23
the flows of funds through banks and
other financial intermediaries were also
generally higher than in 1963.
The increased levels of investment
and financing activities were accommodated with little upward pressure on
long-term interest rates. Yields on
most better-quality long-term securities
in 1964 averaged slightly above those
in 1963, while yields on second-quality
securities and on home mortgages were
off slightly. However, yields on shortterm market instruments were up
significantly last year as compared with
1963 averages.
Monetary and credit policy
During 1964, the Federal Keserve
continued to employ an expansionary
credit policy by supplying sufficient
reserves to banks to permit a peacetime
record expansion in bank credit without
increases in bank borrowing from the
Federal Reserve. The increase in bank
reserves last year was about one-third
more than that for 1963. Despite this
step-up, net open market purchases of
Federal securities were about the same
in each year, as the gold outflow was
reduced and the increase in currency
moderated.
In late November, the Federal Reserve raised the discount rate from 3%
percent to 4 percent to prevent an
excessive outflow of funds following the
increase in the Bank of England's lending rate from 5 to 7 percent. The
Board of Governors of the Federal
Reserve System indicated that this
action did not imply any restriction in
domestic credit availability, and subsequently moved to provide an expanded volume of reserves to the banks.
Reflecting the ready availability of
reserves in 1964, bank credit extensions
totaled $19% billion during the year,
the highest peacetime advance in history and $1% billion above the 1963 rise.
About $17 billion was added to banks'
loan portfolios, $1% billion more than
in 1963. Last year bank holdings of
U.S. Government securities declined $1
billion, whereas in 1963, these holdings
declined more than $3 billion. Banks
were not so active in acquiring municipal bonds in 1964, adding only $3%
billion to their portfolios, as compared
with $6 billion in the previous year.
24
SUEVEY OF CUEEENT BUSINESS
Demand deposits were up $4% billion
during 1964, one-third more than the
1963 rise. New time deposits created
totaled $14 billion, about the same as
the volume in the previous year. The
flow of funds through nonbank financial
institutions was also higher last year
than in 1963. Mutual banks and life
insurance carriers reported good gains,
but the rise in investment in saving and
loan shares was quite small.
Corporate investment up
Plant and equipment outlays by nonfinancial corporations were $5 billion
more last year than in 1963. The rise
was widespread by industry, but was
Interest Rotes
Long-term yields were steady in 1964
Percent
6
Corporate Baa Bonds
3
1 I I I I ! I I II I t I 11 I { II t iI I I 11 I 1 1 I I I I
MIIII M II I
I I I I II
Short-term rates moved up in
second half of the year
2
M i n i u m i! ml 1 1 1 1 1 lii ii ill 1 1 1 1 i m i l i i m iiiiihini
1960
1961
1962
1963
1964
Data: Treas,, Moody's & FRB
U.S. Department of Commerce, Office of Business Economics
6s.1.28
most marked in manufacturing. For
the year as a whole, corporate inventory
investment was off slightly from the
1963 pace.
The advance in investment spending
was about equalled by a $4% billion
rise in internal funds, of which nearly
$3 billion reflected higher retained
earnings, and the remainder, increased
depreciation allowances. Despite the
overall matching of corporate investment spending and internally generated
funds, there was a rise in external longterm financing. In part this increase
reflected expanded investment outlays
in industries like the public utilities,
which usually rely heavily on external
funds. Corporations continued to add
to their liquid assets last year, particularly to their holdings of cash and
time deposits.
Consumer borrowing continued to
rise
For the year as a whole, personal
saving amounted to 7% percent of
disposable personal income, up from
1963V 6% percent. This higher saving
rate stemmed from developments in
the second and fourth quarters: the
second quarter rise reflected the initial
effect of the tax cut, while the high
fourth quarter saving rate reflected
principally the slowdown in car purchases because of the automobile strike.
The high level of personal saving
had little effect on consumer or mortgage borrowing last year. Both consumer credit and home mortgage
financing posted new records. The
increase in borrowing was associated
in large part with expanded sales of
houses, autos, and other durable goods,
as well as education, travel, medical
expenses, and other services.
Individuals added substantially to
their holdings of liquid assets and
increased their participation in the
security markets last year. Among
liquid assets, there was some shift
away from time deposits and savings
and loan shares toward currency and
demand deposits. Security transactions by individuals were apparently
stepped up last year; small investors
were important buyers of several major
stock issues and there was a marked
rise in mutual fund and odd-lot
purchases.
January 1905
Government finances deficit
The Federal Government deficit was
markedly affected by the tax cut early
in 1964: the income and product account deficit totaled $5 billion last
year, as compared with $1% billion in
1963. This swing in the national
accounts deficit was not fully reflected
in the Government's need to borrow,
as tax collections from pre-tax-cut
earnings were still coming in. The
pace of Federal borrowing from the
public increased moderately and totaled
nearly $6 billion last year.
State and local government borrowing
was apparently somewhat higher in
1964 than in the previous year, as these
governments continued to expand their
expenditures on educational, community and other facilities.
National Income and Product
in 1964
(Continued from page 14)
These recent changes have had two
opposing effects on profit taxes: (1)
the direct effects of these revisions has
been to lower tax accruals relative to
any given volume of business, but (2)
indirectly, the tax changes have raised
tax accruals by stimulating business via
increased consumption and investment
expenditures. In the present state of
knowledge, the second effect cannot be
quantified, but it is possible to make
reasonable estimates of the reduction in
effective tax rates.
The direct effect of these recent
changes has been equivalent to a 6%
percentage point decline in average
effective tax rates from those prevailing
prior to 1962. The investment tax
credit reduced effective rates by IK
percentage points, and last year's tax
cut reduced them by an additional 3
points. The shift to the new depreciation guidelines did not affect tax rates,
but simply reduced profits by the same
amount that depreciation was raised.
The amount by which taxes were reduced by depreciation revision was
equivalent to an overall cut of 2 percentage points in the average effective
tax rate.
U. S. GOVERNMENT PRINTING OFFICE : 1965 O - 760-045
CURRENT BUSINESS STATISTICS
JL HE STATISTICS here update series published in the 1963 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 1959 through 1962 (1951-62, 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 1963 BUSINESS STATISTICS went to press are indicated by an asterisk
(*) and a dagger (f), respectively; certain revisions for 1962 issued too late for inclusion in the aforementioned volume appear in the monthly
SURVEY beginning with the August 1963 issue. Also, unless otherwise noted, revised monthly data (for periods not shown herein) corresponding
t o revised monthly averages a r e available upon request.
..-.'..,•
Statistics originating in Government agencies are not copyrighted and may be reprinted freely,
through the courtesy of the compilers, and are subject to their copyrights.
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1961
| 1962 | 1963
1961
1962
IV
Annual total
I
1
II
Data from private sources are provided
1964
1963
| III | IV
I
|
II
III
|
IV
I
III
II
IV* i
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
426.9
455.6
478.5
442.4
447.2
454.3
457.8
463. 2
467.9
474.6
481.9
490.0
498.4
507. 1
514. 5
302.2
323. 1
340. 3
310.7
316.6
322.4
325.3
328. 0
332.7
338. 1
342.7
347.7
352. 5
358.6,
364. 8
370.6
Wages and salaries, total
.__
do
Private
___do
Military
- - -do._
Government civilian
do
Supplements to wages and salaries: _ _ _ _ d o
Proprietors' income, totaled
do
Business and professional cf
-do
Farm
_-_
do
Rental income of persons— __
do
Corporate profits and inventory valuation adjustment, total
.'•.
bil. $
278.8
227. 0
10.2
41.6
23.4
48.2
35.3
12.9
12.2
297.1
241.6
10.8
44. 7
25.9
49.8
36.6
13.2
12. 2
312.1
252.9
10.9
48. 3
28.2
50.6
37.6
13.0
12.3
286.8
233. 2
10.8
42.8
23.9
49.6
36. 3
13.3
12.2
291.2
236.5
11.1
43.6
25.4
50,0
36.3
13.7
12.2
296.6
241.5
11. 0
44.1
25.8
49. 9
36.6
13.3
12.2
299.2
243.5
10.7
45.0
26.1
49. 7
36. 7
13.0
12.2
301.6
244. 8
10.5
46. 3
26.4
49.7
36.9
12.8
12.2
305.3
247.5
10.6
47.2
27.4
50.3
37. 1
13.2
12.3
310. 1
251.6
10.7
47.8
27. 9
50.1
37.3
12. 8
12.3
314.3
255.0
10.7
48. 7
28.4
50.7
37.8
12.9
12. 4
318.8
257.6
11.7
49.6
28.8
51.5
38.3
13.2
12.4
323.2
260.8
11.7
50.7
29.4
51.2
38.6
12. 6
12.4
328.7
265.3
11.7
51.7
29.9
51.7
39.1
12.6
12.4
334.4
269.4
11.8
53. 2
30.4
52. 1
39. 6
12.6
12.4
339.9
274.0
11.9
54.0
30.7
52.8
39.9
12.9
12.5
44. 1 - 48.4
50.8
49.0
47.1
48.0
48.3
50.3
49.1
50.2
51.4
53.1
56,4
57. 9
58.1
Corporate profits before tax, total
do
Corporate profits tax liability
do
Corporate profits after tax _
do
Dividends
-... _
. .... __do
Undistributed profits.
do__._
Inventory valuation adjustment
do
44.2
22.3
21.9
15. 2
6.7
-.1
48.2
23.2
25.0
16.5
8.5
.3
51.3
24.6
26.7
18.0
8.7
-.4
49.3
24.8
24. 5
15.7
8.8
-.3
47.2
22.7
24.5
16. 1
8.4
-.1
47.9
23.0
24.9
16. 4
8.5
.0
48.1
23. 1
25.0
16.5
8.5
.1
49.4
23. 8
25.7
17.1
8.6
.9
48.9
23.4
25. 5
17.2
8.3
.2
51. 1
24.5
26.6
17.7
8.9
-.9
51.3
24.5
26.7
17.9
8.9
.2
54.3
26.0
28.3
19.1
9.2
-1.2
56.6
25.4
31.2
19.4
11.8
-.2
57.9
26.0
31.9
19. 8
12.1
-.1
58.0
26.0
32.0
20.0
12.0
.1
20.1
22. 1
24.4
20.9
21. 3
21.8
22.3
22. 9
23.5
24.0
24.7
25.4
25.9
26.5
27.1
27.6
National income, totalf
___•__ bil. $__
Compensation of employees, total
Net Interest
..
-
;___do
.
Gross national product, totalf
..do....
do
518. 7
556.2
583.9
536. 9
Personal consumption expenditures, total. .do....
337.3
356. 8
375. 0
345.2
Durable goods, total©
. r _ 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®
_ do
Household opera tion__ __
do
Housing-.
do
Transportation _.
do
43.7
17.1
19,3
155.4
28.7
81.3
11.9
138.3
20. 4
44.2
10. 7
48. 4
20.6
20. 2
162. 0
29.9
84.6
12.3
146.4
21.6
46.5
11.3
52.1
22. 7
21. 4
167.5
30. 7
87.1
12.8
155. 3
22.7
48.9
11.7
68.8
79.1
do
41.0
do. . . . 21.1
do.__ _ • 25.9
do
1.9
do
1.5
44.2
23. 6
29.0
5.9
5.3
Gross private domestic investment, total _ do
New construction
Residential nonf arm.. Producers' durable equipment-..-Change in business inventories
Nonfarm...-- __ __
_
-.7
545.5
553.4
559.0
566. 6
571.8
577.4
587.2
599.0
608.8
618. 6
628.4
633.5
350.5
354.0
358. 5
364.0
369. 2
372.0
377.4
381.3
390.0
396. 1
404.6
406. 2
46.0
18.6
19.9
157.8
29.4
82.2
12.0
141. 4
20.9
45.0
10. 8
47. 4
19.7
20.1
159. 5
29.6
83.2
12.2
143. 6
21.3
45. 6
11.1
47.7
20.3
19.9
161. 0
29.7
84, 1
12.2
145.3
21.3
46.2
11. 2
48.4
20.5
20.3
162.9
30.0
85.2
12.3
147. 2
21.7
46. 8
11.4
50.2
21.8
20.6
164.4
30.2
85.9
12. 5
149. 5
22.0
47.5
11.5
51.1
22.4
20. 8
166. 0
30.4
86.4
12.7
152. 1
22.4
48.0
11.6
51. 5
22.6
21. 0
166. 6
30.1
86. 9
12.8
153.9
22.4
48.6
11. 7
52.2
22.6
21.6
168.6
31.3
87.3
•12.9
156.6
22.9
49.2
11.7
53. 6
23.2
22.3
168.9
30.9
87.8
13.0
•158. 8
23.0
49. 8
11.8
55.9
24.3
23.1
172.9
32.1
89.7
13.3
161. 1
23.5
50.5
12. 0
57.0
24.1
24.2
175. 3
33.2
90.6
13.5
163.8
24.0
51.1
12.2
58.7
25.6
24.2
179. 5
33.8
92,8
13. 5
166.4
24.8
51.8
12.2
56.2
22.7
24.4
180.8
33.6
93.1
13.9
169.2
25.3
52.4
12.4
82.0
74.9
77.4
78.9
80.2
79. 9
77.9
80.2
82.8
87.1
85.9
87.2
87.3
90.5
46. 6
25. 2
31.0
4.4
3.9
41. 9
22. 1
27.4
5.6
5.2
42. 5
22.5
28.1
6.9
6.4
44. 1
23.5
28. 8
6. 1
5.5
45. 5
24.4
29.6
5.1
4.4
44. 9
24.0
29.7
5.4
4. 8
44.7
24.3
29.6
3.6
3.0
45.9
25.1
30.7
3.6
3.2
47.2
25.4
31.4
4.2
3.7
48.3
26.2
32.4
6.4
6. 0
49. 2
26.9
34.2
2.5
2.2
48.9
26. 2
34.6
3.7
3.4
48.9
25.7
35.6
2.8
2.7
48.6
25.0
35.9
6. 0
6.3
x
Net exports of goods and services...
___ _do____
Exports
__'
do
Imports
___
._.__ . d o
4.6
27.6
23. 0
4.0
29.2
25.2
4.4
30.7
26.3
4.3
28.4
24.1
3.4
28. 0
24.6
4.3
29.6
25. 3
4.4
29.7
25.3
3.9
29.4
25.5
3.4
28.8
25. 4
4.3
30.5
26. 3
4.2
31.0
26.8
5.8
32.6
26.9
7.7
34.5
26. 8
5.7
33.7
27.9
7.0
35.7
28. 7
6.5
35.7
29. 2
Govt. purchases of goods and services, total do
Federal (less Government sales)...— ___., do.."
National defense 9 __
do
108. 0
57.4
49.0
50.6
116.3
62.9
53.6
53.5
122.6
64.7
55.2
57. 9
112.6
59.8
50.9
52.8
114. 3
61.4
52.5
52.8
116. 1
63.6
55.3
52.5
115.9
62.4
53. 0
53.5
118.7
63.8
53.5
54.8
121. 4
65.1
54.8
56.3
120.9
64.3
55.2
56.7
122.8
64.4
55. 5
58.4
124.8
64.9
55.3
59.9
125.2
64.3
54.0
60.9
129.6
67.1
57.0
62.5
129.5
65.5
55.2
64.1
130. 3
65.7
55.1
64.6
516.8
257.9
94.5
163.4
200.8
58.1
550.3
273.6
102.3
171.3
214. 7
62.0
579.5
285.8
108.2
177, 6
228.4
65.2
531. 4
264.8
98.4
166. 5
206. 8
59.7
538.7
268. 9
100.2
168.7
210. 0
59.8
547.3
273. 5
103.5
170. 0
212.2
61.6
554. 0
273.9
101.4
172.6
216.8
63.2
561.2
278. 2
104.1
174.1
220. 0
63.0
568. 2
280.9
105. 0
175. 8
224. 7
62.7
573.7
286.5
111. 0
175.5
223.5
63.7
583.0
285. 7
106.6
179. 1
231. 2
66.2
592.6
290.3
110.4
179. 9
234. 5
67. 8
606.4
298.2
114. 3
183. 9
239.6
68.6
614.9
304.3
119.0
185.4
241. 7
68.9
625. 7
310. 5
120.7
189.8
246.0
69.2
State and local—. _.___
By major type of product:!
Final sales, total
Goods, total
Durable goods.—
Nondurable goods.
Services
Construction
Inventory change, total
Durable goods.
Nondurable goods
.___
do
do
do
_..._
do____
_ _ _ _ _ ___.do—
do
do
_ _ . ' _ do
do
____I_do_II_
1.9
5.9
4.4
5.6
6.9
-.1
3.0
2.2
3.6
3.9
2.0
2.9 '
2. 2
2. 9
2.0
'Revised, f Preliminary. fRevised series. Estimates of national income and pro duct
and personal income have been revised back to 196: (see p. 8 ff . of tlle July 1964 SUR^
revisions prior to May 1963 for personal income ap aear on i 3. 15 Of t he July 1964 SUE VEY]
760-045 O - 65 - 3
_._. .„__
6.1
5.1
5.4
3.6
6.4
3.6
4.2
2.5
3.7
2.8
3.1
3.1
1.8
1.5
2.7
1. 5
3.0
1.3
2.5
.7
3.0
2. 0
3.6
2.0
.9
3.4
1.5
2.7
1.8
1.2
cflncl udes in ventory valuatio n adjus fcment. ©Incluc es data not sh own sep arately.
9Go\rernment sales ai e not d(^ducted,
i Prel iminary annual totals ft>r 1964 f or componei] ts showri in this <3olumn a ppear on p. 15 of ;his issue of the S UEVEY.
S-1
SURVEY OF CUEEENt BUSINESS
S-2
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1961
1962 | 1963
Annual total
II
1964
1963
1962
I
January 1965
III
IV
I
II
III
IV
I
1965
II
III
IV
«521.5
I
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
GNP in constant (1954) dollars
Gross national product, totalt bll. $
447.9
476.4
492. 6
469.1
475.1
478. 3
483.0
485.4
487.9
494.8
502.0
508.0
513.5
519.6
Personal consumption expenditures, total.. do
303.8
318.5
330.6
314. 2
316.6
319.8
323.6
327.0
328. 6
332. 4
334.4
340.9
345.0
351.8
41. 4
143. 5
118. 9
45.7
148. 3
124.5
49.3
151.6
129. 7
44.8
146.6
122.7
44.9
147.8
123. 8
45.6
149.1
125.0
47.6
149.5
126.5
48.5
150.7
127. 8
48.6
151. 1
128.9
49.4
152.5
130.6
50.8
152. 1
131. 6
53. 1
155. 2
132.6
54.0
157.4
133.7
55.6
160.9
135.3
57.4
65.9
67.7
64.8
65.8
66.3
66.5
64.7
66.2
68.1
71.7
70.1
70.8
70. 4
34.3
21.4
1.7
36.7
24.0
5.2
35.5
23.2
6.1
36.6
21 8
5.4
37.5
24.4
4.4
39.2
28.3
3.3
38.6
29.2
2.5
Durable goods
Nondurable goods
Services
>
do
do
do
Gross private domestic Investment, total ... do. ...
New construction
Producers* durable equipment
Change In business Inventories
do
do
do
37.9
25.6
4.1
37.0
24.7
4.9
36.8
24.6
3.4
37.5
25.4
3.3
38.2
25.9
4. 0
39.0
26.8
5. 9
39.6
28.1
2.4
do .
2.5
2.2
2.2
1.3.
2.8
2.8
2.1
1.3
2.1
2.0
3.5
5.4
3.4
4.5
Govt. purchases of goods and services, total-do. _._
Federal
do
State and local
do
84.3
44.8
39.4
89.8
49.4
40.3
92. 1
49.7
42.4
88.8
48.4
40.4
89.9
50.2
39.8
89. 4
49.2
40.2
90.7
49.9
40.9
92.4
50.7
41.8
91.0
49.4
41.7
92.3
49.6
42.7
92.4
48.9
43.4
91.6
47.8
43.8
94.3
49.8
44.5
92.8
47.8
45.0
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal Income, total
bll. $
Less' Personal tax and nontax payments
do
Equals* Disposable personal Income
do
417.6
52.9
364.7
442.4
57.9
384.6
464.1
61.6
402.5
434.7
56. 1
378.5
441.0
57.6
383.4
444.5
58.5
386.0
449.7
59.3
390.4
455. 2
60.1
395.1
460.2
61.1
399..1
466.3
61.9
404.4
474.5
63.3
411.2
480. 9
61.4
419.5
487. 9
57.7
430.2
494.5 p«502.2
58.8 « 60.2
435.6 «442. 0
29.4
27.5
26.4
25.9
27.1
27.0
29.9
29.5
34.0
31.0 p« 35.9
Net exports of goods and services
Personal savlno1 §
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadi'usted quarterly or annual totals:
All Industries
.—
.
bll. $
27.3
27.8
27.5
28.0
34.37
37. 31
39.22
8.02
9.60
9.62
10.18
8. 25
9.74
10.14
11.09
9.40
11.11
11.54
Manufacturing
do
Durable goods Industries
_do____
Nondurable goods lndustries_________._do____
13.68
6.27
7.40
14.68
7.03
7.65
15.69
7.85
7. 84
3.14
1.44
1.69
3.69
1.77
.1.82.
3.72
1.79
1.93
4.13
2.03
2.10
3.27
1.62
1. 65
3.92
1.96
1.85
3.95
1.96
1.99
4.56
2.31
2.25
3.79
1.93
-1.87
4.53
2.30
2.23
4.67
2.37
2.30
5.51
2.75
2.76
4.43
2. 19
2.24
.98
.67
1.85
5.52
3.22
8.46
1.08
.85
2.07
5.48
3.63
9.52
1.04
1.10
1.92
5.65
3.79
10.03
.26
. 16
.47
1.06
.88
2.06
.27
.26
.60
1.37
.93
2.37
.28
.24
.50
1.54
.87
2.48
.27
.20
.50
1.52
.95
2.60
.24
.21
.39
1.04
.85
2.26
.26
.28
.54
1.40
.95
2.41
.27
.29
.45
1.60
.93
2.64
.28
.33
.54
1.61
.1.06
2.72
.26
.32
.51
1.18
. 97
2.37
.29
.36
.63
1.58
1.10
2.61
.30
.37
.59
1. 71
1.06
2.84
.32
.41
.57
1.68
.29
.38
.53
1,27
34.11
33.68
35.70
36. 95
38.35
37.95
36.95
38.05
40.00
41.20
42.55
43.50
45. 65
14. 20
6.55
7.60
14.45
6.95
7.50
15.05
7.25
7.80
15.00
7.30
7.70
14.85
7.35
7.50
15.30
7.65
7.65
15.95
8.00
8.00
16.45
8.30
8.15
17. 40
8.85
8.55
17.80
9.00
8.80
18. 85
9.60
9.20
1.15
.70
2.05
5.15
3.70
8.75
1.05
.95
2.25
5.40
3.65
9.25
1.10
1.00
2.00
5.75
3.60
9.85
1.00.
.80
1.80
5.45
3.60
10.20
1.05
.90
1.70
5.20
3.55
9.65
1.00
1.00
2.05
5.45
3.65
9.65
1.05
1.20
1.85
5.90
3.85
10. 20
1.05
1.35
2.10
5.80
4.05
10. 45
1.15
1.40
2.30
5.95
4.05
10.25
1.15
1.25
2.25
6.30
4.30
10.45
1.20
1.50
2.40
6.30
4.40
11.00
4,780
4,790
4,800
4,815
4,825
4, 835
4,850
4,860
4, 875
4,895
4,910
Mining
do
Railroads
do
Transportation, other than rail........... do
Public utilities
do
Communications
do
Commercial and other
do
Seas. adj. qtrly. totals at annual rates:
Nondurable goods Industries
do
Railroads
Transportation other than rail
Public utilities
Communications
do
do
do
do
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally adjusted)
____thous__ < 4, 713
44,755 4 4, 797
U.S. BALANCE OF INTERNATIONAL
PAYMENTScft
Quarterly Data are Seasonally Adjusted
33, 486
35,990
8,447
8,151
8,312
8, 576
8,724
9,713
8,482
9,071
9, 253
9,797
.....do
14,497
2,954
5, 401
16, 134
3,044
5,843
16,996
2,897
6, 442
3,948
758
1,412
4,058
749
1,462
4,088
745
1,465
4,040
792
1,504
4,037
747
1,543
4,212
731
1,588
4, 368
711
1,654
4,379
708
1,657
4,366
717
1,665
4,576
728
1,704
4, 747
684
1, 770
do
705
4,054
738
4,293
826
4,522
187
1,074
189
1,065
177
1,066
185
1, 088
209
1,060
209
1,336
206
1,009
202
1,117
197
928
208
1,130
214
1, 075
4,180
1,599
1, 025
1, 556
3,434
1 654
1,227
553
4,307
1,888
1,685
734
1,068
260
390
418
628
446
303
-121
771
417
208
146
967
531
326
110
1,128
618
546
-36
1,637
477
598
562
534
235
303
-4
1,008
558
238
212
1,380
521
227
632
1, 451
571
263
617
1,408
519
586
303
do
30,419
32,394
33,685
7, 706
7,925
8,408
8, 355
7,780
8,429
8,596
8,880
9,329
9, 121
9, 512
do
do
19, 913
8,525
20, 576
9, 508
21,989
10, 031
5,032
2,198
5,237
2,397
5,288
2, 339
5,019
2,574
4,990
2,545
5,472
2,505
5,610
2,427
5,917
2,554
6,112
2,888
6,036 r 6, 362
2,802
2, 803
1,280
969
1,030
696
\
-1,372
-1,092
-2,305
Excess of recorded receipts or payments (— )_._do
Unrecorded transactions (net)-.
__do__._ -998 -1,111 -339
150
326
237
54
606
175
287
475
166
79
190
262
424
135
189
220
216
113
188
94
201
147
-741
-7
-226
-214
96
-430
-221
-460
-944
-118
-1,284
-11
114
-267
-191
57
76
-170
-676
-54
-386
-176
-440
Total, net receipts or payments (— )
do
-748
-2, 370 -2,203 -2, 644
Net receipts or payments (— ), incl. transactions in
nonmarketable, medium-tenn convertible Govt.
securities...
.
mil. $
-1.942
••Revised.
* Preliminary. ' « See note 1 on p. S-l.
i Estimates for Oct.-Dec. 1964 based on anticipated capital expenditures of business.
2
Estimates for Jan .-Mar. 1965 based on anticipated capital expenditures of business.
Anticipated expenditures for the year 1964 are as follows (in bil. $): All industries, 44.66;
manufacturing, total, 18.51; durable goods industries, 9.35; nondurable goods industries,
9.16; mining, 1.18; railroads, 1.46; transportation, 2.31; public utilities, 6.14; commercial and
other (incl. communications), 15.06.
3 includes communications.
-334
-681
-1,062 -1,295
-153
-134
-94
-730
-562
;
.
Other services..
Govt. grants and capital outflows
U.S. private capital (net)
Direct investments
Long-term portfolio
Short-term
U S receipts recorded
Exports:
IVIerchandlse
Services and military sales
_
do
do
...do
do
do
Repayments on U.S. Govt. loans
do....
Foreign capital other than liquid funds (net), do.—
146.70 2 47. 90
19.75
20.40
9.80
10.15
9.95
10.25
1.25
1.75
2.30
6.00
1.25
1.70
2.35
6. 40
3 15. 55 3 15. 80
•s,
31,791
Imports:
Merchandise
U2.60 2 10. 58
1, 274
707
e
9, 898
—94
-359
-608
22
-712 -1,143
-109
« UnadjustedL. Data represen b firms iii operation as of Jan. 1; e stimate for Jan. 1, 1963>
fSee coi•respond]ing note on p. S-l (revisioiisforqtrs.ofl961
is based on in<complete data.
appear on p. 8 ff . of theJuly 1964 SURVE r).
§Personal sa ving is excess of d isposabl B income over pe rsonal co nsumption expenditures
shown as a conaponent of gross n ational p roduct o a p. S-l.
cf More coinplete de tails are given in the qu arterly r eviews i a the MCar., June, Sept.
and Dec. issues of the £SURVEY.
JRevisions f or 1960-2 d qtr. 19C 1 appear on p. 10 of the JuBe 1964 SURVEY.
SURVEY OF CUREENT BUSINESS
January 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962 1 1963
Monthly
average
S-3
1964
1963
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
1
Oct. Nov.
Sept.
Dec.*
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual ratesif
Total personal income
-
1)11. $-
Wage and salary disbursements, total— do— .
Commodity-producing industries, totaLdo
Manufacturing only
do
Distributive industries
——
do
Other labor income
Proprietors' income:
—
do
Rental income of persons
Dividends
-
do
— do— _
Less personal contributions for social insurance
bll. $_
Total nonagricultural income — -
-do —
*477.8
1442.4
*464. 1
473 8
477 1
479 4
480 5
482 9
Aop. a
4.87 8
489 3
491 4
494 9
497 9
498. 7 '502 3
505 7
297.1
312.1
318.3
320.0
320.8
323.6
325.1
327.7
328.7
330.1
331.8
334.6
337.2
337.3 ' 340. 4
342.4
118.5
94.2
76 6
46 4
55 6
12 3
123.3
98 0
80 3
125.1
99 7
81 8
126. 0
100 2
82 0
125.6
100 0
82 4
127.1
100 7
82 8
127.4
101 1
83 1
1 09 3
oq 7
1O9 3
84. 9
128.7
129.4
102 7
84 6
129.9
103 0
85 2
130.8
103 8
85 7
132.1
105 1
86 3
130.7 ' 133. 2
103 4
105 6
86 8 '87 3
134.4
106 6
87 6
49 3
59 2
13 1
50 1
61 3
13 5
50 5
61 6
13 5
50 8
62 1
13 6
51 4
62 4
13 7
51 9
62 7
13 8
K9 -I
cq n
iq Q
K9 q
oq A
14 0
52 4
63 8
14 1
52 6
64 1
14 2
52 9
65 1
14.2
53 4
65 4
14 3
53 7
66 0
14. 4
53 9
65 9
14 5
54 2
66 2
14 5
36 6
13.2
37 6
13 o
38 2
13 2
38 4
13 2
38 3
12 8
38 7
12 6
38 8
12 4
qQ i
i9 a
39 3
12 6
39 5
12 4
39 6
12.6
39 7
12 7
39 8
12 7
39 9
r 12 9
40 0
13 i
12 2
16.5
30 0
34 7
12 3
18 0
32 9
36 7
12
18
34
37
12 4
20 1
34 4
37 2
12 4
19 3
34 7
2
39 7
qc n
07 c
qe q
q7 o
qr
qo 9
19
19
qs
qo
12
19
35
37
12
20
36
37
4
0
0
8
12 4
20.0
36 2
38 0
12 4
19 9
36 5
38 0
12 5
19 9
36 7
38 3
12 5
19 9
36 9
r 38 4
10. 3
11.8
11.9
12.1
12.2
12.3
12.4
12.5
12.5
12.6
12.7
12.8
12.9
12.9
13.0
13.1
424.9
446.6
456.1
459.5
462. 1
463.5
466. 1
469.7
470. 7
472.1
474.4
477.8
480.6
481.4 '485.0
488.3
4
8
2
2
2
12 4
19 4
12 4
19 6
128.8
OQ (\
19 K
19 4
in o
r
4.
8
7
r»
4
9
9
6
FARM INCOME AND MARKETINGS*
Cash receipts from farming, including Government
payments (48 States), total*
.mil. $_
Farm marketings and C CO loans, total
do —
Livestock and products, total 9 do— _
Dairy products. _;
-do
Meat animals
. .
do
Poultry and eggs.
—
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:*
All commodities
——
.1957-59=100.
Crops
—
._— .
do —
Livestock and products
___ —do—Indexes of volume of farm marketings, unadjusted:*
All commodities
..— ...1957-59=100.
Crops
___do
12
20
37
38
5
6
2
4
)
3,151
3 218
4 324
3 473
3 454
9 fill
9 filfl
3,006 3,077 4,201 3, 425
1 339 1 420 9 4fi3
1 8P.fi
1,668
l' 657 1 738 1 539
403
403
390
409
971
952
823
1 026
OQK
269
30Q
275
3 373
2 354
87o
1 484
2 414
'773
1 641
409
1 cno
1 681
417
950
977
qaq
781
1 f\f\t
AKO
9fl9
256
260
90
68
Q1
OK
on
90
56
O1
128
165
100
126
148
109
88
76
111
112
110
115
118
113
159
210
121
131
160
110
128
145
115
89
70
103
118.3
124.3
127.0
124.7
125.7
128.3
118.7
117.9
119.8
105.0
131.4
124 9
124.5
125.3
107 9
140. 0
128 2
128.4
128.0
108 1
125 2
127.3
122.6
107 0
125 8
126.7
124.7
107 9
129 1
129.5
128.5
108 3
119 7
119 7
125.9
117 8
119.6
124 9
125 2
134.4
122 3
124.2
e
m
198 3
19fi 7
l
1 98 K
•190 Q
138.7
144.4
194 o
127.5
117.0
114. 1
120.0
Qfi
00
2 683
Q7O
1 121
1 525 1 562
' 410
400
827
873
OKA
272
2, 925
1 315
1 610
396
902
296
3,486
93
85
100
98
101
109
115
105
130
150
115
998
101
110
107
112
117
120
114
133
149
122
17^
1 W7
221
IQft
19Q
127.6
132.9
197 Q
133 1
129. 6
137.4
113 0
2 495
8QQ
156
215
113
3 743
2 294
723
K71
1» 571
94.1
115
124
108
3 431
9 K19
QAQ
112
117
108
2 726
914
2
9 434
107
QQ
4 208
5 240
4 603
1 717
2
1 769
388
1 054
308
4 103
A90
2
394
1 983 1 779
40Q
420
1 216 1 052
' 330
qne
171
153
903
19Q
K9
88
48
129.0
131.7
132.3
iqrj n
133.7
134. 1 134.8
131.7
132.3
IOQ S
m rj
136.4
133.6
130. 7
130.3
148.3
124.6
131.5
130. 5
130.0
145.9
124. 9
131.8
133. 3
133.2
149.6
127.9
133.5
127.5
126.3
128.6
125.6
130.1
133.9
133. 9
134.9
127. 7
r
135. 0 ' 136. 3
132.6 '136.3 ' 131. 4
135.2
' 138. 8 ' 137. 4
133.8
11E
84
INDUSTRIAL PRODUCTIONS
Federal Reserve Index of Quantity Output
Unadj., total index (incl. utilities) cf .,. 1957-59=100By industry groupings:
Manufacturing, total
do
Durable manufactures. _ _
...do
Nondurable manufactures —
..;
do
Mining .
— -do
Utilities
—
—do-By market groupings:
Final products, total
do
Consumer goods
_
do
Automotive and home goods.
—do—
Apparel and staples
do
Equipment, including defense
do
Materials
„„ do_
Durable goods materials..
.........do— .
Nondurable materials .
do—
Beas. adj., total index (incl. utilities)^.... do.
By industry groupings:
Manufacturing, total
do— —
Durable manufactures 9
—do—
Primary metals _ _
_ «
do-Iron and steel
do
Nonferrous metals and products do
Fabricated metal products
do
Structural metal parts
do—Machinery
;
_
_do
Nonelectrical machinery
— —do
Electrical machinery
do
•toe K
147.7
m
199 9
194 n
141.7
110 q
126.1
128.8
128.0
123 7
121.2
126 3
126 5
123.3
129 8
123 9
121.1
126 9
124 9
121.1
128 8
199 1
128 1
125.3
m
131.3
128.4
107 6
19Q K
m
7
144.1
130.1
n
•jq-j o
127.4
131.2
130.5
118.3
124.3
126.1
127.0
127.7
128.2
129.0
124 9
126 9
197 Q
198 K
19Q 1
1 9Q Q
117.9
104 6
100 6
119. 1
117.1
113.2
124.5
113 3
109 6
126.7
123.4
120.2
126.4
109 7
127.3
110 5
128.1
128.9
mo
130.0
131.6
123.5
119. 7
128.5
do
.—do
.do—
inq K
119 fi
128.8
126.7
107 0
190 R
118.7
i iq a
133.9
136. 5 ' 134. 9
137 4 T 136. 0i
136.8 r 132. 2
138.2
140.9
r H3 3
'135.8
134.4
' 137. 2
'138.5
'135.7
1 1 0 i
135.4
140. 0
129.5
134.9 ' 135. 3
136. 1 ' 135. 2
135. 6
152. 7
136. 2
129.6
134.0 ' 132. 4 ' 135. 6
134. 1
131. 7
157
124
139.1
r
r
r 1 3ft 1
117.1
144.0
131. 1
131.3
131. 6
132.9
132. 2
132.4
133.9
r
132.6
127. 1
127.8
135.0
130. 3
128. 1
133.2
126.1
125.2
132. 8
130.6
129.6
135.0
131.2
130.4
135.9
133.3
131.2
135.7 r' 135. 2
132.8
132. 8
132.2
129. 1
133.0 ' 138. 5
134. 8 ' 134. 3
131.0
131.7
134.0
r
r
r
134. 6
134
135
' 131. 4 '134.§
137.6
134. 9 ' 131. 8 ' 135. 7
138.2
'129.6 '136.5
' 131. 9 134.2
' 130. 3 ' 132. 4
134. 1 142. 1
130.8
136.9
«• 128. 6 ' 135. 4
140.2
137
135
104 Q
•tno q
133.1
126.0
123.1
134.7
126.8
122.9
132.2
128.2
124.4
139.9
129.0
126.0
142. 6
129.3
127.8
123. 7
138.5
129.5
129.2
129.2
126.9
132.3
132.8
132.1
133.7
133.9
133.5
134. 4
134.7
135.2
134.0
133.6
132.9
134.5
135.9
136.7
134.9
137. 5
138.1
136.8
138.5
139.6
137. 0
140.1
1,41. 9
137.7
141.9
143.6
139. 7
142.8
144.1
141.1
144.1 ' 144. 7 ' 146. 9
145.0
145. 4 '147.7
142.9
143. 8
145. 8
149
149
148
118.3
134.1
103.9
127. 0
146.1
109. 5
129.6
149.8
111. 1
131.3
151.9
112.2
130.8
151.9
111.1
131.1
153.0
110.8
130.1
151.1
110.6
133.0
156.2
112.0
134.1
157.4
112. 8
134.9
158.3
113.4
134.3
158.6
111. 7
135.3
160.9
111.5
130.9
150.1
112. 7
105.3
129.5
'96.2 ' 143. 9
110.8 ' 115. 1
141
166
117
Instruments and related products— do—
Clay, glass, and stone products
—do
Lumber and products...
—do
123.0
111.1
106.1
122.2
131.9
120.3
111. 8
136.4
127.1
132.7
120.5
111.0
137. 6
127.6
132.2
121.2
112. 2
137.3
128.6
133. 6
124.1
117.3
138. 1
129.7
134.2
125.3
116.1
139.0
130.4
134.7
125.2
115.4
139.8
131.4
134.6
124.3
114. 9
140.5
131.9
134.8
126.6
109.0
142. g
133.2
136.4
126.4
116.1
143. 2
133.8
137.4
125.6
114.1
144.4
133.4
138.6
127.0
109.7
144. 1
132.6
137.6
126. 9
110.8
147.4
135.9
142
129
Miscellaneous manufactures.,
130.2
117.5
108.9
133. 1
125.0
125.3
116.9
125.6
QQ Q
125. 1
127.6
120.5
128.5
128. 7
119. 4
129.1
127.3
127. 6
128.9
118.8
129.4
97. 8
128.7
129.4
119.8
131. 7
99.3
129.1
129.8
118.9
131. 8
96.3
130.4
131.1
119.4
130.5
98.4
132.9
131. 7
119.3
132.8
104.7
134.3 1
131.5
119. 2
133.8
97.3
130.1
132.5
121.5
134.4
103.5
132.8
133.1 ' 134. 4
123.5
125.8
135.1 '135.8
103.1 100.3
132.8 '135.5
Transportation equipment
Motor vehicles and parts
Aircraft and other equipment
Nondurable manufactures.
Textile mill products. „
Leather and products
r
do
— do— 119.8
do— . 115. 3
do
102 3
n'
m
Revised.
*> Preliminary.
* The total and components are annual totals.
2 italicized total for Jan. 1964 excludes stepped-up rate of Government life insurance dividend
payments to veterans; total disbursements of $172million multiplied by 12 (to put on annual
rate basis) amounted to $2.1 billion. Figures for transfer payments and total nonagricultural
income reflecting similar exclusion are as follows: Transfer payments—$37.6 billion- nonagricultural income—$460.1 billion.
fSee corresponding note on p. S-l
{Revised series
Dollar figures and indexes of cash receipts revised beginning 1961 (indexes shifted to 1957-59
' 140. 4
' 127. 4
108.7
' 149. 4
' 137. 5
134.5 ' 134. 7
127.5
129.5
137.4
102.4
137.0
135.5
139
136
151
138
135. 7
base). Physical volume indexes revised beginning 1955 to reflect change to the 1957-59 reference base and incorporation of latest Census revisions. Data prior to May 1963 appear in
the Dept. of Agriculture publication,1 Farm Income Situation, July 1964. 9 Includes data
for items not shown separately.
d Industrial production indexes revised beginning Jan.
1961 (seas, adjusted data incorporate new seasonal factors); data prior to July 1963 will be
shown later.
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
Monthly
average
January 1965
1964
1963
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
123.0
115.9
' 165. 0
' 122. 4
112.7
' 162. 4
179.7
'122.9
Nov.
Dec. P
GENERAL BUSINESS INDICATORS— Continued
INDUSTRIAL PRODUCTION-Continued
Federal Reserve Index of Quantity Output— Con.
Seasonally adjusted indexes— Continued©
By industry groupings— Continued
Nondurable manufactures— Continued
Printing and publishing
. 1957-59=100
Newspapers
do
Chemicals and products
_
do___
Industrial chemicals
do
Petroleum products
do
114,6
108.5
136. 1
147.6
112.9
116. 4
108. 0
148.6
162.7
117. 1
117. 7
113.2
153.6
169.3
118.5
121.3
119.2
154.5
171.4
116.6
119.5
113.9
154.7
173.1
116.0
121.2
114. 5
154.5
173.3
119.1
121.8
115.2
155.2
174.9
119. 7
123. 6
117.2
157.0
176. 7
120.8
123.9
117.1
156.7
173.7
122.0
124.1
117.2
159. 6
176.3
122. 1
124.5
120.0
158.7
177. 1
124.6
124.3
118.3
160.8
178.7
121.2
Rubber and plastics products
do
Foods and beverages
.___.,
do___
Food manufactures
__ do.. _
Beverages
do
Tobacco products— .
_____do.~
130. 6
113.5
113.8
111.5
112.0
140.0
116.9
116.8
117.8
115.2
144.3
117.3
117.5
116.3
114.6
144. 3
119. 1
119,2
118.7
114.9
145.0
120.8
121.3
118.4
112.7
145.3
120.6
119. 8
125.0
105.6
145.1
120.3
119.7
123.8
118. 2
149.4
120.6
120.0
124. 1
127.5
152.2
120.0
120. 2
119.2
129.2
153. 4
119.6
119.5
120. 1
118.1
155.2
120. 0
118.9
125.8
127. 5
158. 2
120.4
119.1
127.6
121.4
105.0
95.3
105.5
105. 1
112.6
109.7
107.9
102.5
107.9
108.1
112.3
112. 1
107. 5
102.2
107.2
108.1
112.2
113.8
107.3
105.1
106.2
106.6
112. 9
113.4
108.8
104.0
108.3
108.5
116.4
113.5
108. 9
99.2
109.1
107.8
118.8
114.7
108. 8
94.5
109.7
109.0
119.8
115.0
109. 9
98. 7
110.0
109.6
124.2
114.3
111.3
106.1
110. 7
110.1
119. 4
116. 8
111.4
105. 1
110.8
110.2
119.2
119.2
110.9
105.0
111. 1
110.3
107. 7
120. 2
111.9 ' 111. 9 r 111. 9 '112.8
105.1
109.2 ' 108. 7
107. 9
111.3 ' 112. 3 ' 110. 8 ' 110. 5
111.1 '110.8
110.5
109.8
127.0
111.3 ' 115. 7
112.2
124.2
119.6
119.7
121.7
do
do
do
131. 4
133.0
126.4
140.0
142.6
131. 9
142.1
145.0
132.9
143.0
146.1
133. 3
144.5
148.3
133.9
143.4
146. 5
134.6
144.8
148. 3
135.2
147. 5
151.3
136.0
148.3
152.3
136.8
149.7
153.6
137.7
151.4
155.5
154.5
159.3
153. 2
157.2
do
do _
do—
119. 7
119.7
125.9
124. 9
125. 2
134.4
127.0
126. 9
138.4
128.0
128. 0
139.1
128.5
128. 9
139.7
128. 1
128.8
140.7
128.7
128.8
139.7
130.6
130.8
142.4
131. 1
131.0
142.9
131.7
131.5
143. 5
132.3
132.1
145.0
133.3
133. 1
146. 6
132.5 r 130. 3 '134.7
132.0 ' 129. 2 ' 133. 7
145.4
141.8 ' 127. 3
Automotive products
„
do
Autos
do
Auto parts and allied products—do
131. 1
135.9
125.0
141.2
149. 5
130.2
145.8
155. 1
133. 6
146.1
155. 6
133.5
146. 6
155.3
135.2
145. 5
156.5
131. 1
144.3
152.5
133.4
149:3
160. 0
135.2
151.4
160.3
139. 6
151.7
161.7
138.4
152. 6
162.6
139.3
155.8
165. 0
143.8
144.7
146. 0
143.0
'105.9 ' 143. 0
83.0
145. 1
' 136. 1 140.2
Home goods 9
Appliances, TV, and radios
Furniture and rugs
122.2
118. 2
123.9
129.6
125.1
131.3
133.3
128. 5
134.5
134.2
128.5
135.4
134.8
127.5
136.1
137.3
131.3
138.1
136.4
128.7
139.0
137.7
130.7
139. 7
136.9
129. 7
141. 0
137. 8
131.0
141.9
139.7
131.1
144.7
140. 1
133. 3
144. 2
139.8
136.8
141.0
' 142. 4
' 139. 0
'145.5
Apparel and staples
_„
do
Apparel, incl. knit goods and shoes_do__ _.
Consumer staples
do
Processed foods
do
117.8
114.5
118.7
113.7
122. 3
117.6
123.7
1161 6
123.3
120.0
124.2
117.0
124.5
120.2
125.7
118.9
125.5
120. 4
127. 0
121.4
125. 0
120.7
126. 2
120.2
124.6
118.7
126.3
118.4
127.2
121. 5
128. 8
120.8
127.2
123.2
128.3
120.2
127.7
123.4
128.9
119. 4
128. 0
124.0
129. 1
118.4
128.9
124. 9
130. 0
118.7
128.9
125.3
129.9
118.7
' 129. 8
130. 0
126. 8
' 130. 7 '130.6
' 120. 0 121.1
Beverages and tobacco
do....
Drugs, soap, and toiletries
do
Newspapers, magazines, books. __do
Consumer fuel and lighting
__do
111. 6
130. 0
116. 7
126. 3
116.9
140.1
117.8
133.5
115. 7
142.0
117.2
134.7
117.4
142.7
120.4
135.2
116.5
142.2
121.5
136. 5
118.5
140.1
123.7
134.7
121. 9
140.1
125.1
136.2
125.2
142.8
126. 7
138.5
122. 6
144.5
124.7
138. 7
119. 4
150.5
125.5
140.6
126.4
146.7
123. 5
142.8
125. 5
149. 1
123.2
145. 7
123.3
123.3
152.6 ' 151. 9
121.3 ' 121. 8
144.4
145.8
Equipment, Including defense 9
do... .
Business equipment...
_ do
Industrial equipment
do
Commercial equipment
do
Freight and passenger equipment— do....
Farm equipment
.
do
119. 6
122.1
117.2
143,1
117. 2/
107.7
124.2
128.3
123.0
142.4
132.2
121.6
127.1
132.0
127.4
139. 0
139.7
134. 5
128. 1
132. 9
128.6
140.2
139.9
131.6
127.9
132. 9
128.9
141. 6
137.0
131.2
127.1
131.9
127.9
140. 4
137.8
126.0
128.8
134.2
131. 9
141.0
135.8
127. 6
130. 7
136. 5
133.9
143.1
140. 8
126. 6
131.3
138.0
135.7
141.9
143.9
130.7
132. 0
139.0
137.6
143.7
141.3
129.1
132.7
140.0
138.5
145.7
141. 9
127.9
133.6
141.6
139.6
145.5
144.9
139.9
133. 7
141. 8
140.4
147.6
141. 0
136.0
117.0
114. 1
127.5
118.9
110.4
123.7
121. 2
137. 2
125. 4
116.3
125. 7
122.6
141.3
127.5
119.0
125.9
122.6
142. 9
128.8
118. 9
126. 7
123.0
141.9
129.2
119.6
128.1
125.8
144.3
129.6
123. 2
129.3
127.3
141.9
130.4
123.4
130. 6
129. 0
144. 1
131. 6
123. 8
131.3
129.8
143.8
132.9
123.5
131.8
130.8
148.1
133. 3
122.8
133. 6
132.7
150. 2
133.8
125.7
134. 7
134.1
167.0
135. 7
125.7
' 135. 6
' 135. 6
153. 1
137. 1
125. 8
120.0
116.5
117.1
116.3
126.3
120.3
120. 2
120. 4
128.9
122.6
123.9
122. 0
129.3
123.0
121.3
123.8
130. 4
124.4
125.1
124. 0
130.6
125.2
125.5
125.1
130.8
124.9
123.6
125.6
132.3
126.1
127.0
125. 7
132. 8
126.5
128. 2
125. 7
132.9
124.9
123. 8
125.4
134.6
126. 9
125. 0
127.9
135. 2
135.7
127. 1 * 125. 9
125.6 ' 125. 4
127.8
126. 2
Business fuel and power 9
do— 111.7
Mineral fuels..
do
104.9
Nonresidentlal utilities. ___——_do— 129. 9
BUSINESS SALES AND INVENTORIES §
Mfg. and trade sales (seas, adj.), totaltt— — mil. $„ 165,078
Manufacturing, totalf.
__
___
do
33, 308
Durable goods industries.
_..__.._ __do
17, 184
Nondurable goods industries.. _
....do... _ 16, 124
117.2
109.3
138.7
118.2
109.3
141.8
118.2
109.0
142. 3
119.1
110.2
142.7
118. 7
109.3
143.5
118.7
108. 9
144.5
120.7
110.3
147. 9
122. 2
112. 1
148.9
122.7
112.2
149. 7
123.0
112.4
149.8
123.4
112. 7
150. 9
Mining .
Coal. __.
__ ___
Crude oil and natural gas__ _ _
Crude oil _ _ _
Metal mining
_
Stone and earth minerals
Utilities
Electric
Gas
_ _ __ _ _ _ _ _ _ __
do
do
do
.do
do
—do.. .
_
By market groupings: ©
Final products, total
_.__
Consumer goods
Automotive and home goods...
Materials
Durable goods materials 9
Consumer durable.
Equipment.
Construction
_
do
do
do
do
— — do
_ do
do
do
Nondurable materials 9
Business supplies
__ __
Containers—
General business supplies
do... .
do
do
do
Retail trade, total tdo
Durable goods stores
do
Nondurable goods stores.— __
do
Merchant wholesalers, totalfc^
._
do
Durable goods establishments..
......do
Nondurable goods establishments^ _ _ _ _ _ _ do
19, 613
6,245
13, 367
12, 158
5, 021
7, 136
Mfg. and trade inventories, book value, end of year
or month (seas, adj.), totalf
—mil. $__ 00, 271
Manufacturing, totalf ~
.
Durable goods industries
Nondurable goods industries...
_
do
57, 753
do
34,326
..do— 23, 427
120.4
162.4
161.0
120.0 ' 120. 7
119:1 '120. 2
124.6
123.3
123. 3
120.6
' 153. 6
157.4
121.6
121. 7
' 153. 5
154. 5
137.3
136.8
156
167
183
131
131
149.9
122. 9
'132.6
136. 7
' 140. 7 ' 145. 9
144. 0
' 140. 4
151.0
' 149. 3
' 128. 6
149.1
' 145. 1
138.5
148
' 132. 1
'128.2
' 113. 2
' 137. 2
' 123. 8
136. 8
136
135. 4
134.4
145.2
139. 0
126.7
136. 2 '136.4
128. 8 128. 7
131. 8
131.9
127. 3
127.1
138
'123.7 '123.6 ' 123. 6
' 113. 0 '113. 1' 113. 0
150. 3
150. 6
124
113
'
'
'
'
68,338
70, 026
70, 992
71,013
70,649
71,787
72, 660
72,187
73,693
73,204
73, 358 '72,131
73,451
35, 004
18, 272
16, 732
36, 021
18, 476
17, 545
36, 677
19, 144
17, 533
36,235
19,027
17,208
36, 222
18, 887
17, 335
37,167
19,359
17,808
37, 186
19, 138
18,048
36,791
19, 023
17, 768
37, 963
19, 861
18, 102
37,168
19, 164
18,004
37,312 '36, 811
19, 284 '18,633
18, 028 '18,178
37, 575
19, 345
18, 230
20, 536
6,675
13, 861
12,692
5, 244
7,448
20, 558
6,734
13, 824
12, 776
5,300
7,476
21, 019
6,831
14,188
12,986
5,348
7,638
21, 000
6,855
14,145
13, 315
5,436
7,879
21,533
7,262
14,271
13,245
5,548
7,696
21,223
6,939
14,284
13,204
5,560
7, 644
21,392
7,010
14,382
13,228
5,506
7,722
21, 777
7,218
14, 559
13, 697
5,766
7,930
21, 773
7,002
14,771
13, 623
5, 749
7,874
21, 935
7,060
14, 875
13, 795
5,800
7,995
22,266 22,254 '21,383
7,324
7,541 '6,496
14, 942 14, 713 H CR7
13, 770 . 13, 792 '13,937
5,848
5, 776 '5,801
7,922
8, 016 ' 8, 136
21, 631
6,704
14, 927
14, 245
5,984
8,261
105,127
104,529
105,127
105,432 '105,428
105,721
106,371
106,507
106,621 106,634 106, 716 107, 323 '107,320 107, 995
60, 147
36,028
24, 119
59, 780
35, 704
24, 076
60, 147
36,028
24,119
60, 006 r 60,123
35, 970 r- 35,960
24, 036 24,163
60,326
36,079
24, 247
60,531
36,277
24,254
60,528
36,300
24, 228
60,398
36, 492
23, 906
60, 763
36,790
23, 973
112. 3
107
110
110
147.0
143. 7
148.4
68,002
60, 488
36, 597
23,891
125
121.8
34,774
18,071
16, 704
Retail trade, totalf
do
27,938 29, 383 29,254 29, 383 29, 608
Durable goods stores.— _
do
11,728 12,509 12, 341 12, 509 12, 666
Nondurable goods stores
...
do
16,210 16, 874 16,913 16,874 16,942
Merchant wholesalers, totalfc"
do. __ 14, 580 15, 597 15, 495 15, 597 15, 818
Durable goods establishments.
do
8,108
8,447
8,569
8,430
&,447
Nondurable goods establishmentscf — II II doll II 6,472
7, 065
7, 150
7,150
7, 249
'Revised.
'Preliminary.
1
Total
and
comp(
ments ar e based (>n unadj usted da ta.
1
©See note marked "d " on p. S-3.
9 Includes data for items not shown separately.
§ Tne term "business" here includes only manulacturing and tra de. Bu siness in ventories as shown on p. S-l cover data for all types of produ cers, bot h farm a nd nonf arm.
Unadjusted data for manufacturing are shown on p . S-5; those for njtail trad e on p. 3-11.
JSee note marked "t" on p. S-4 of the Nov. 1963 STJE^PEY. fllevised £ eries. I or a
d e tailed description of the changes affecting these series an d data f ar earliei periods , see
r 184. 9
123. 9
117.0
162. 0
61, 019 r fli 777
37,037 rV7 K1 7
23, 982 '24,260
62, 287
37, 938
24, 349
30, 082 _ 90 OR7 29, 348
12, 867 r19 (V?R 12, 053
17, 215 r i 7 99Q 17, 295
16, 222 '16,276 16, 360
8,972
8, 871 '8,949
7, 352 ' 7, 328
7,388
pp. 16--19 of th(} Dec. 1963 SUEV EY; see p .28 of th e Sept. 1 964 SURIfEY for (current r e visions
(Jan.-J une 1963) affeetirig the ret ail inven tory and total m anufactu ring and trade in ventory
series,
tfTol ,al manu factoring and tra<ie sales 2ind inveiitories aiid mere] lant wh<)Iesalers
sales aiid inven tories ha^re been e xpanded to cover all mere!lant who lesalers, i ncludin^I wholesalers ()f farm p roduct r aw mate rials; als(3, season ally adju sted dat a beginn ing Jan. 1960 for
merchgint who] esalers' s ales and inventor ies revise;d to refl ect new jseasonal and trad ing day
factors Revis ons for earlier pei iods appear on p 24ofth€ j May 19 64 SUE vi:Y.
29, 586
12, 708
16, 878
15,719
8, 559
7,159
29, 661
12, 913
16, 748
15,734
8,478
7,256
29,961
13, 045
16,916
15, 879
8,519
7,360
29, 926
13, 024
16, 902
16, 053
8,618
7,435
30, 180
13, 079
17,101
16, 043
8,740
7,304
30,129
12, 924
17, 205
16, 017
8,710
7,307
fa, 967
12, 762
17,205
15, 986
8, 703
7, 284
SURVEY OF CUEEENT BUSINESS
January 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
| 1963
Monthly
average
S-5
1964
1963
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
j
Aug.
Sept.
Oct.
Nov.
Dec.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES— Con.
Inventory-sales ratios:
Manufacturing and trade total J§
-ratio
1.51
1.50
1 53
1 50
r 1 49
1 48
1 50
1 48
1.47
1.48
1.45
1.46
1. 46
1.49
1.47
do
do
do
do
do
1 70
1 96
62
80
54
1 69
1 94
59
80
.55
1 71
1 95
60
80
56
1 67
1 95
59
80
56
1 64
1 88
1 66
1 89
1 67
1 91
1 63
1.87
1.63
1.90
1 64
1.92
1.59
1. 84
1.63
1.92
1. 64
1.92
1.68
1.66
1. 96
.59
.82
.55
do
do
do
do
1.42
60
20
62
1.41
59
20
.63
1 44
59
20
65
1 37
56
20
62
1 37
Retail trade total J§
Durable goods stores
do
do
Merchant wholesalers total §cf
Durable goods establishments
Nondurable goods establishments c?
do
do
do
1 38
1 82
1 18
1 19
1 60
90
1 39
1. 79
1 20
1 18
1 58
90
1 42
1 83
1 22
1 21
1 59
94
1 40
1 83
1 19
1 20
1 58
94
1 41
1 85
1 90
1 19
678
689
789
683
716
778
781
804
799
681
693
' 762
786
do
33 308
34 774
35 377
34 594
34 110
36 818
37 069
38 091
37 465
38 622
34, 774
36,001
38, 874 '38,397
37, 762
do
do
do
do
do
17, 184
961
2,835
1 522
1 859
18, 071 18 457 18 118
947
960
798
2,944
2 852 2^745
1 586 1 468 1 405
1 877 1 881 1 807
17 595
19 208
19 471
20 242
2 967
1 591
1 777
3 158
1 715
1 911
3 223
1*737
1 906
3 370
1 843
1 989
19,781 20, 542
1 070
1 017
3, 318 '' 3 333
1 815 1 775
1 975 2 075
17,895
984
2,983
1,668
1,911
17,707
1,040
3,111
1,745
2, 029
19,759 '19,243
1,057
' 1, 066
3,331 ' 3, 337
1,812 r 1, 828
2, 094 '2,047
19, 418 1 19, 800
961
3, 371 i 3, 300
1,854
1,906
2 517
2,398
4,848
3 154
583
16 704
5 832
383
1,378
1 355
2 568
1,451
772
2 489
2 254
4,940
3 311
2
784.
2 896
2 555
5 285
3 487
2 957
2 498
5 619
3 748
2 939
2, 440
5,304
3 495
3 114
2, 605
5,431
3 563
2 683
2, 305
4,387
2 762
2,610
2, 452
3,572
1,961
609
604
656
590
17 598
6 120
17 849
6 101
17 684
6 247
18 080
6 429
16 879
6 104
425
403
1 463
1 427
2 992
1 484
1,428
1 390
2 953
1,501
1,506
1 468
2 854
1,540
1,298
1 332
2,597
1,516
2,834
2,660
4,801
3,040
656
19,115
6,769
413
1,611
1,518
2,987
1,551
895
37, 312
Manufacturing total§
Durable goods industries
Purchased materials
Goods in process
Finished goods
Nondurable goods industries
Purchased materials
Goods in process
Finished goods
57
77
54
I
CQ
92
57
79
54
56
78
.53
.57
.79
.54
57
80
.55
.55
.77
.52
.57
.81
.54
.57
.80
.54
'. 61
1 40
1 40
1.36
1.34
1.35
1.32
1.33
.51
.19
.62
.52
.19
.62
1.33
53
1.33
'.53
1.37
1.83
1 16
1.16
1.50
1.35
1.74
1.15
1.16
1.49
56
20
64
56
20
64
54
19
63
.62
53
19
.62
1 37
1 75
I ift
1 19
1 CX
1 40
1 86
1 17
1 19
1 52
1 40
1 86
1 18
1 20
1 55
1 37
1 80
1 16
1 17
1 49
1 39
1.87
1 16
1 18
1 52
95
95
94
93
55
20
fi2
'2.01
57
78
54
no
. 19
.91
.92
.52
.19
.62
1.35
1.71
1.17
1.18
1.54
.92
.84
.57
.19
. 62
1.37
' 1. 85
1/16
r 1. 17
1.54
.90
1.34
.53
.19
.61
1.36
1.80
1.16
1.15
1.50
.89
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:*
Durable goods industries (unadj.'l, total
mil. $
Shipments (not seas, ad j ) totalf
Durable goods industries, total 9 _
Stone clay and glass products
Primary metals
Blast furnaces steel mills
Fabricated metal products
'
2 366
IVtachinery except electrical
do
2,301
Electrical machinery
do
Transportation equipment
do
4,453
2 806
M^otor vehicles and parts
do
'557
Instruments and related products
do
16 124
Nondurable goods industries total 9
do
5, 577
Food and kindred products
do
377
Tobacco products
do
1,263
Textile mill products
_ __ --.
do
1,314
Paper and allied products
<lo
2,449
Chemicals and allied products
do
1, 433
Petroleum and coal
products .
do
710
Rubber and plaQtics products
do
Shipments (seas, adj.), totalf
do
By industry group:
Durable goods industries, total9
do__ __
Stone, clay, and glass products
do
Primary metals _
do
Blast furnaces, steel mills
do
Fabricated metal products
-do
Machinery, except electrical
do
Electrical machinery
„___
___do_
Transportation equipment
:
do_
Motor vehicles and parts
-do
Instruments and related products
do
Nondurable goods industries, total 9
do_
Food and kindred prod ucts
do
Tobacco products
______
do.
Textile mill products
_
do
Paper and allied products
do
Chemical sand allied products™
do
Petroleum and coal products
do
Rubber and plastics products
do
By market category:
2
3, 296
Home goods and apparel
do
27,002
Consumer staples
__.__
do
24,167
Equipment and defense prod., excl. auto.do
2 3, 140
Automotive equipment.™
,
._ do
2
2, 770
Construction materials and supplies
do
2
12,932
Other materials and supplies
do
Supplementary market categories:
2
1, 336
Consumer durables
do
2 2, 091
Defense products.
do
2
3, 095
Machinery and equipment
_ _ ..
do
Inventories, end of year or month :f
Book value (unadjusted), total
d o _ _ _ _ 357,419
Durable goods industries, total
__dol__ 33,891
23, 528
Nondurable goods industries, total..
_do
Book value (seasonallv adjusted), total.. do.... 357,753
By industry group:
Durable goods industries, total 9
do__ __ 34,326
Stone, clay, and glass products
do.--. 1,492
5,873
Primary metals
do
Blast furnaces, steel mills.
_do — _ 3, 528
Fabricated metal products. ..
do.--- 3, 861
6, 486
Machinery, except electrical
do_
4, 900
Electrical machinery. . . _
— _ id o
Transportation equipment
_ .do. . . . 6,799
Motor vehicles and parts
— _do._-_ 2,413
1,365
Instruments and related products. _do
2
2
3 313
7 258
24,242
2
3
571
2
2 796
2
13,594
2 470 2 577
2 484 2 490
5,221 5 237
3 512 3 387
610
636
16 920 16 476
5 983 5 913
394
393
1,456
1 356
1 359 1 304
2 509 2 369
1, 424
1 521
763
784
35 004 36 021
18,272
977
2,892
1 512
1 913
2 582
2 369
4,966
3 234
594
16 732
5 961
379
1 400
1 366
2,578
1409
781
3 169
7 382
4, 286
3 635
2 907
13, 625
2
1
2
2,
2
380 1 356
096
2, 132
3 215 3 258
359,738
35, 565
24,173
360,147
59, 445
35, 359
24,086
59, 780
788
537
16 515
5 946
333
842
2 523
5 306
3 AKK.
KQQ
17
610
6 171
339
873
611
368
987
379
399
1,457
1 398
2,743
1,498
1 477
1 403
2 803
1 421
833
901
863
910
36 677
36 235
36 222
37 167
37 186
36 791
19,144
1 018
3,067
1 605
1 994
2,737
2, 479
5,117
3 297
606
17,533
6 247
365
1 465
1 368
2*703
1 455
815
19, 027
18 887
19 359
19, 138
929
19, 023
19, 861
952
593
17,208
6 049
353
1 405
1 362
2, 735
1 474
836
3 519
7,686
4, 566
3,710
3,002
14,194
3,395
7,496
4,483
3,728
3,119
14, 014
3 387
7,607
4,445
3,716
2 967
14, 100
3 415
7 766
4 572
3 879
2 916
14 619
3 524
7,865
4,618
3,676
2 934
14, 569
3 459
7 802
4, 582
3 677
2 906
14 365
3 563
7 919
4 778
3 622
3 045
15 036
1 454 1,469
2,231
2,169
3 362
3,428
1,468
2, 181
3,344
1 476
2, 095
3 409
1 483
2 233
3 407
1 482
2,198
3 483
1 467
2 160
3 506
59, 738 '60,109 '60,501
35, 565 '35,890 '36,188
24, 173 24, 219 24,313
60,147 '60,006 '60,123
60, 661
36, 394
24,267
60, 326
60 807
36 608
24 199
60, 531
60, 950
36, 785
24, 165
60,528
60, 704
36 815
23, 889
60, 398
18,476
953
2 981
1 570
1 910
2 652
2 432
4,909
3 123
591
17 545
6 193
403
1 466
1 415
2,640
1 475
836
3 473
7 672
4,435
3,538
2 811
14, 092
1, 315
1 302
2 573
1, 492
767
836
999
3,034
1 649
2 Oil
2,674
2,463
5,075
3 331
940
3 032
1 615
1 967
2 696
2 505
5 018
3 310
606
17 335
6 131
387
1 460
1 363
2 746
1 445
Oil
759
37 963
636
18,294
6, 422
416
1, 523
1,458
2,778
1,535
836
37,168
19,164
921
3,216
3,154
3 102
3 447
3 174
1 732
1 653
1 961 1,770
1 719
1,914
1 908
2 040
1 943 1 906
2,780
2,782
2 838
2 936
2 738
2, 501
2, 530
2 470
2 622
2 530
5,102
5,056
5,036
5 231
5,008
3 272
3 408
3 271
3 230
3 468
611
661
619
663
616
17 808 18, 048 17 768 18 102 18,004
6,325
6 478
6 279
6 310
6 202
389
395
397
' 389
394
1 513 1 459
1 472 1 481 1 432
1
395
1
399
1
420 \
1
468
1 404
2,818
2,736
2, 793
2 820
2 827
1,546
1
532
1
517
1 520
1 539
853
848
854
873
841
940
932
3 430
8 007
4, 548
3 827
2 899
14 457
1 550
1 455
2 187
2*060
3 706 " 3*514
60 214
36 451
23 763
60,488
60458
36 684
23 774
60,763
760
2, 739
' 2, 781
' 2, 670 2,627
' 4, 331
4,999
3,272
'2,618
654
'680
'19 154 18, 344
6,447
' 6, 795
402
'392
1,591
1,640
1,472
1 517
2, 759
' 2, 931
' 1, 542
1,551
r
844
898
'36,811 37, 575
15,600
19, 284 ' 18, 633 19, 345 i 20, 400
962
979
'960
3, 301 ' 3, 329
3, 451 i 3, 700
1,786 '1 843 1,933
1, 970 ' 1, 924
1,938
2,848 ' 2, 851 2,893
2, 481 ' 2, 536
2, 524
4, 968 ' 4, 212
4, 741 i 5, 300
3,213 ' 2 446 2,983
613
638
'659
18, 028 '18 178 18, 230
6,400 ' 6 500 6, 429
404
386
'392
1,478
1 505 1 545
1 451 1 461 1 486
2,808 '2 845 2,855
1,541 T 1 533
1 556
r 834
866
867
3 457
7,971
4,613
3, 629
2 979
14, 663
r 3 472
'8 067
' 4 634
' 2 837
r 2 992
'14 809
3 513
7 986
4,659
3 384
3 031
15, 002
1 466 ' 1 477 1 489
2*122
2 150 r 2 171
3 587
3 621 3 663
60, 658
36 856
23 802
61, 019
'61 433
'37 251
'24 182
'61,777
61, 963
37 541
24 422
62, 287
36, 028 35,704 36, 028 '35,970 '35,960 36, 079 36 277 36, 300 36 492 36 597 36 790 37 037 '37 517 37 938
1, 535 1,544
1,544
1, 535
1, 536
1, 539
1,579
1,595
1,572
1,551
1, 591
l!, 574
'1,595
1, 586
5,972
5,903
5,918
5,918 ' 5, 923 ' 5, 929
6,014
6,019
5,954
6,001
6,063 '6,096
6, 153
6,056
3,533
3,532
3,533 '3 534 ' 3, 526 3,561
3, 594
3 628
3 547
3 776
3 609
3 688
3 714
3 670
3, 999
3, 917
3,999
3, 978
3, 971
3,965
3,951
3 962
3 971
3*992
4 042 '4 062 4 148
4 006
7 520
6, 839
6,910
6 910
6 869
6 926
6 891
6 963
7 035
6 955
7 277 r 7 381
7 070
7 161
5,055
5,055
5,066
5,088
5, 073
5,039
5,094
5,062
5,061
5,314
5, 069
5,147 '5, 221
5,086
7,331
7,331 7,220
7,272
7,359
7,425
7,446 • 7,389
7,428
7,497
7,539 ' 7, 711 7,707
7,531
2, 595 2,610
2,614
2,610
2, 663
2,702
2, 713
2, 716
2, 716
2, 782 ' 2, 975
2,825
2,953
2 796
1,452
1,468
1,480
1, 468
1,503
1,477
1,527
1.540
1.540
1.534
1. 533
1.556 ' 1. 572
1. 583
r
2
Revised.
1 Advance estimate.
Based on data not seasonally adjusted.
3 Total
sign, refinement of industry reporting, expansion of industry groups published, and revision of
and components are end-of-year data, t Seenote marked "f" on p. S-4of Nov. 1963 SURVEY.
seasonal factors. In addition, data by market groupings are presented for the first time. Data
§ See note marked "f" on p. S-4.
cf See corresponding note on p. S-4.
for shipments and new orders not seasonally adjusted are adjusted for trading day variation.
*New series. Represents estimated total value of durable goods products directly exRevisions back to 1947 and a detailed description of the current revision appear in the Census
ported by durable goods manufacturers; data prior to Oct. 1962 are not available, f Revised
Bureau publications, "Manufacturers' Shipments, Inventories, and Orders: 1947-63 Reseries. Effective with the Dec. 1963 SURVEY, data reflect the following major changes: Introvised, Series M3-1" and "Series M3-1, Supplement 2" issued Nov. 1964.
duction of the Annual Survey of Manufactures as the new benchmark, revision of sample de9 Includes data for items not shown separately.
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962 | 1963
End of
year
January 1965
1963
Nov.
1964
Dec.
Jan.
Feb.
Mar.
Oct.
July
Aug.
Sept.
10 830 10 828 10 866
9 280
2 249
2 243
2 962
2 989
3 028
1 930 1 928
1 911
15 112 15 127 15 211
1 902
1 970
1 969
5 361
5 348
5 385
4 583
4 523
4 533
10 870
2 227
3 052
1 891
15 325
1 994
5 421
4 596
10,917
2, 219
3,055
1, 918
15, 442
2,034
5,493
4,640
10 335
1 772
3 726
10 345 10 415
1 795 1 807
3 688
3 683
10, 431
1, 803
3,699
984
10 402
1 780
3 666
1 010
24
6
2
2
24
6
2
2
906
991
322
754
23
6
2
2
891
009
297
763
23, 973
5, 910
2 263
2, 803
1 836
3 934
1 708
1 137
1,859
3,936
1,733
1, 154
11, 072 '11,277 11,399
2,182
2,219 r 2, 182
3,214
3,102 Tr 3, 162
2 155 2,133
2,000
15, 497 r 15, 622 15, 812
2,011 r 2 050 2,089
5, 753
5,570 r5'636
4,604
4,623
4 602
10, 468 '10 618 10, 727
1,882
1,833 '1 864
3,867
3,752 T 3' 804
970
916
'954
23,982 '24 260 24, 349
6,029
5,837 T 5' 956
2,303
2,241 r 2 319
2, 819 '2 857 2,824
1,851 [' 1 865 1,869
3,997
3,973 r 3*985
1,749
1,717 r 1 731
1,159 ' 1 176 1,193
Apr.
May
June
Nov.
Dec.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES,INVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month— Continued t
Book value (seasonally adjusted)— Continued
By industry group— Continued
Durable goods industries— Continued
By stage of fabrication:
Materials and supplies 9
mil. $
Primary metals
do
Machinery (elec . and nonelec.) do
Transportation equipment
do
Work in process 9
__do_ __
Primary metals
do
Machinery (elec. and nonelec.) __ do
Transportation equipment
__ do _
Finished goods 9 _
_ _ _
do
Primary metals
do
Machinery (elec. and nonelec.) do
Transportation equipment
do
Nondurable goods industries total 9 do
Food and kindred products
do
Tobacco products
do
Textile mill products.
do
Paper and allied products
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products
do
By stage of fabrication:
Materials and supplies
do
Work in process
do
Finished goods
_ _ * • _ _ do
By market category:
Home goods and apparel
do
Consumer staples
do
Equip and defense prod , excl auto do
Automotive equipment
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary market categories:
Consumer durables **'
do
Defense products
do
Machinery and equipment
__ _ do_
New orders, net (not seas adj.),totalf
do
Durable goods industries, total.
___do____
Nondurable goods industries total
do
New orders net (seas adj ) total t
do
By industry group:
Durable goods industries , total 9
do
Primary metals
do
Blast furnaces, steel mills
do
Fabricated metal products
do
Machinery except electrical
do
Electrical machinery
do
Transportation equipment
do_ _
Aircraft and parts
do
Nondurable goods industries total
do
Industries with unfilled orders©
do
Industries without unfilled or dersf
do
By market category:
Home goods and apparel
do
Consumer staples
do
Equip and defense prod., excl auto
do
Automotive equipment _
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary market categories:
Consumer durables
do
Defense products
do
Machinery and equipment
__
do
Unfilled orders, end of year or month (unadjusted),
totalf
mil $
Durable goods industries, total
do
Unfilled orders, end of year or month (seasonally
adjusted), totalf
mil $
By industry group:
Durable goods industries, total 9
do
Primary metals__
do
Fabricated metal products
do
Machinery, except electrical
_do
Electrical machinery
do
Transportation equipment
do
Aircraft and parts..___
____do
Nondur. goods indust. with'unfilled orders© do
By market category:
Home goods apparel consumer staples do
Equip and defense prod , incl auto
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary market categories:
Consumer durables
do
Defense products
do
Mfl.fthfnp.rv and pnninment
r\n
10, 571
2,333
2,968
1,782
14, 129
1,816
5,034
4,142
10, 879
2,259
3,009
1,956
14, 857
1, 901
5,249
4, 467
9,593 10, 292
1 721 1,758
3,381 3,707
824
908
23 427 24 119
6 080 6,028
2 391 2 314
2,608 2,886
1 688 1 800
3 818
3 600
1,736
1,809
1, 157
1,138
10, 176
1 765
3,653
10, 827 '10 792 10 817
' 2, 239 ' 2 238 2 256
2,989
2 992
2 973
1,958
1 952
1 967
14, 833 '14 880 15 001
'1,900 r i 903
1 926
5,305
5 253
5 251
4, 402
4 499
4 539
10, 292 10, 310 '10 288 10 261
1 758 '1 784 ' 1 788 1 790
3 704
3 705
3 707
3 714
24 076
6 060
2 345
2,895
24
6
2
2
10, 880
2 256
2,992
1,960
14, 648
1,882
5,260
4,363
897
1 772
3 769
1 795
1,167
10 879
2 259
3 009
1 956
14, 857
1 901
5 249
4,467
908
912
908
119
028
314
886
24 036
6 052
2 357
2,846
24 163
6 136
1 800
3 818
1 736
1 157
1 792
3 872
1 775
1,125
2 839
1 792
3 894
1,786
1,127
247
195
344
821
933
254
165
363
789
1 797
3 902
1 801
1 129
1 789
3 926
1 768
1 131
938
228
137
353
768
23
5
2
2
1 801 1 812
3 910
3 935
1 767 1 732
1 133
1 127
973
9,770
3,304
10, 246
9,769
3,479
10, 871
9 826
3 428
10, 822
9 769
3 479
10, 871
9,661
3,403
11, 099
9 632
3 446
11 169
9 534
3 459
11 261
9 528
3 452
11 248
Q 9Q°»
9 432
3 422
3 406
ll' 052 11 192
9, 351
3,426
11,196
9,412 ' 9 565 9,653
3,494
3,457 r 3' 508
11, 113 ' 11 187 11, 202
5, 955
9,515
11 828
3 001
5 042
22, 412
6,389
9,525
12 363
3,245
5,290
23, 335
6 321
9 571
12 277
3 200
5 189
23 222
6,242
6 231
6 389
9,597
9 525
9,730
12 363 12 303 12 288
3 241
3 299
3 245
5 311
5 290
5 296
23 335 '23,312 '23 279
6,226
9, 780
12, 305
3,347
5,290
23, 378
6 313
9 782
12 370
3 359
5 352
23 355
6 296
9 745
12 361
3 342
5 353
23 431
6 210
9 563
12 494
3 356
5 386
23 389
6,276
9, 407
12 538
3,446
5, 389
23, 707
6,399
6, 316 r 6 358
9,339 ' 9* 525 9, 586
12, 693 '12 788 12, 994
3,611
3,425 r 3 629
5, 426 '5 500 5,535
24,
162
23, 820 '23' 977
'3 001 3, 042
'5 411 5,462
'9 161 9, 321
39, 361 '39 043 37, 638
9 666
3,452
10, 918
2,722
5,343
8,098
6
9
1 77
3
4KO
2
QCO
CCQ
c qon
90 AKK
2, 941
5,412
9,063
2,955
2 955
2 923
2,938
5,583
5,466
5 502
5,583
8,539
8,539
8,558
8,485
133,167 1 35, 036 35 174 34 045 35 010
17,085 18,300 18, 140 17, 623 18, 558
16 082 16 736 17 034 16 422 16 452
8
33 167 335 036 34 953 35 619 37 148
2 931
5,465
8, 524
37,539
2, 917
5,457
8,550
2 964
5 429
8 673
2 938
5 394
8 677
2 952
5 412
8 781
8 808
2, 944
5, 401
8,923
37, 508
38 517
37 859
39 317
DC 007
36, 190
19,927
17, 612
19, 951
17 557
20, 662
17 855
17,923
18 267
36, 657
36 547
21,249
18 068
37 782
19, 530
O(3 -tQA
20,095
17 764
37 893
39 315
37 509
19,740
3, 147
1,641
2,043
2 808
2 687
5,433
1,730
17 408
4,531
12 877
19, 499
3,074
1, 685
2, 018
2,763
2,574
5,179
1,537
19, 262
3,103
1,675
2 007
2 771
2 547
5,164
1, 421
19,945
3,175
1,727
1,968
2 956
2 571
5,538
1,646
20,016
3,472
1,943
2,013
3 030
2,448
5,364
1,510
21,254
3 539
2 077
2 069
2 909
2 807
6*218
2 429
17 285
4 552
12 733
17 948
4,739
13 209
17 766
4,694
13 072
18 061
4 887
iq -174
19,342
3,280
1, 825
1,946
2 952
2, 694
4,771
1,081
18, 167
4,883
13, 284
19,907
3,847
2,296
2, 045
2 923
2,581
4,760
1,148
17, 158
4,486
12, 672
20,461
3 641
2 077
2 071
2 QOO
2 520
5 607
1 605
17 723
4 678
3 444
7,700
4 991
3, 728
2, 967
14 318
3, 455
7,495
4,607
3,714
3,113
14 273
3 444
7 593
4 495
3 797
2 983
14 235
-q one
3 480
7,859
5 323
3,641
3 017
14 573
3 402
7,809
5 237
3,717
3 004
14 613 '
3, 585
7,915
5, 534
3,717
3, 086
15, 478
3,535
8,022
4,671
3,745
2, 911
14, 625
3, 490 r 3 418
7,967 '8 068
4 478 ' 4' 824
3,678 '2 916
3 052 '3 071
15 353 '15 549
3,484
7,987
4,580
3,275
3, 025
15, 331
1,420
1,514
1 476 2,673
3,617
3,612
1,520
2,401
3,413
1,505
2 177
3,455
1, 421
2,336
3, 916
1, 566
3,287
3,774
1,500
1,862
3,772
1, 471 ' 1, 426
1,982 '2 412
3,686 ' 3, 786
l',484
1,776
3,895
17,085
2,718
1,400
1,848
2 364
2,285
4,484
1,342
C QQ1
20, 239 '19,863
19, 122 '19 180
38, 018 r 37 846
19, 247
18, 391
37, 682
18, 113
2 964
1 529
1 858
2 617
2 477
4,680
1 189
16 082
4,124
11 957
16 840
4 635
12 205
17,974
2 938
1 456
1 914
2 741
2 463
4,327
801
17 645
4 835
12 810
3 273
7,000
4 155
3, 162
2 767
12 809
3 339
7 257
4 368
3 578
2 803
13 691
3 136
7 371
4 289
3 611
2 807
13 739
3 503
7 682
4 133
3 475
2 723
14 103
1,325
2,081
3,090
1,404
2 156
3,326
1,387
1 968
3,273
46 242
40 14Q
49 696
49 149
50 049
K(\ 7«n
K-I
Bf)R
52 018
52 717
54,313
54, 501
54 990 '55 637
55, 516
43, 666
2 K7fJ
46,193
2 Qcc
46, 684
3 O1 9
46, 193
2 QCC
47, 154
2 895
47,863
48,341
9 8^8
48,764
2 8fi9
49, 076
2 942
49, 785
2 932
51,422
2,891
51, 637
2,864
52, 119 '52,742
2 871 r 2 895
52, 572
2 944
46 784
49 796
50 132
49 796
50 083
50, 586
50, 697
51, 679
52,004
52, 833
54,075
54, 216
55, 042 '56,067
56,270
50, 037 51,302
5,051
4,795
3,024
2 748
4,475
4,451
7,576
7,618
7,646
7,413
21,
569
20,679.
15, 383 16,026
51, 366
5,049
3,013
4,520
7,794
7,795
21, 210
15, 742
52,135
5,699
3 608
4^565
7,931
7,913
20, 977
15, 437
'53,137
' 6, 104
3 956
' 4, 663
'8,062
' 7, 924
'21,346
' 15, 760
' 2 930
7 756
4 '8^8
4 040
3 noQ
1 ^ nofi
1 485
2 367
3 610
e-i
1,492
2,482
3,929
47, 072 47,644
4,169
4,022
2 1 fis 9 981
4,099
4,081
7,072
7,069
7,337
7,153
19,724 19,805
14,723 14, 919
47, 805
4,082
48,840
4,485
9 9ft°k
9 ^9^
4,190
7,169
7,383
19, 821
14, 990
4,311
7,325
7,347
20, 294
15,305
49, 225
4,513
2 540
4,366
7,421
7,402
20, 443
15, 301
3,011
2, 942
2,892
2,839
2,779
2 796
2,773
2,850
2 907
1 908
1 987
26 197 26 534
4 952
4 986
16 626 16, 689
1 994
26, 598
4 967
17, 027
2 061
26, 555
5 044
17, 037
2, 016
27, 059
5 123
17, 481
1,997
27, 404
5,167
17, 436
1 910
28, 028
5 213
17, 682
1,901
28, 820
5,201
18, 153
1, 976
28, 817
5,211
18, 212
2 002
28,869
5 263
18, 908
1 407 1,338
18 724 19 062
11 39fi
1,408
19 365
1,440
19 363
11.442
1,410
19 613
11.622
1,418
19, 670
11. 931
1,356
19 828
1,351
20 588
12.444
1,391
20, 291
12. 695
1,401 '1,384
20 080 '20 387
12.819 '12.946
44,094
3,761
46,676
3,930
47,076
3,930
46, 676
3,930
3, 944
6,304
6 964
18,062
13, 570
4,062
7,027
7 114
19, 368
14, 446
4,062
7,027
7 114
19, 368
14, 446
2,690
3 120
4,059
6,933
7 111
19, 869
14, 985
3, 056
1 736
24 713
4 868
15 467
1 987
26 197
4 986
16 626
1 945
26 502
5 017
16 668
1, 194
18 148
1 407 1 352
18 724 19 429
11 isfi lft'Q98
Q 898
9 8Q7
1QQ
1O f\AK
3,120
11 iSfi
11 348
12. 34Q
2 19, 900
'19,623 19,420 220,300
2 3, 800
' 3 767 3,672
'2 203 2,070
'1 991 2, 018
2,992
r 2 994
' 2 542 2,768
2 4, 800
'4* 544 4,245
939
'1 654
18, 111 r 18 223 18,262
4,866 '4 894 4,952
13 245 '13 329 13, 310
18,300
2,959
1, 592
1 886
2 574
2 410
4,970
1,398
16 736
4 411
12 325
r
3
Revised.
* Monthly average.
Advance estimate.
' Data for total and components (incl. market categories) are monthly averages based on new orders not seasonally ad, justed.
fSee corresponding note on p. S-5.
9 Includes data for items not shown separately.
©Includes textile mill products, leather and products, paper and allied products,
9 °,74
919
24
6
2
2
2 52, 600
53,323 2 53, 500
26,500
6,363
4, 122
4,767
8,203
8,130
20, 837 2 20, 600
15, 353
2,947
' 1 953 1,955
'29,217 28,955
'5 368 5,399
'19,529 19,961
1, 392
20, 052
13. 159
and printing and publishing industries; unfilled orders for other nondurable goods industries
are zero.
UFor these industries (food and kindred products, tobacco products, apparel
and related products, petroleum and coal products, chemicals and allied products, and rubber
and plastics products) sales are considered equal to new orders.
SURVEY OF CUREENT BUSINESS
January 1965
1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
| 1963
Monthly
average
S-7
1964
1963
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
14, 098
17, 123
Dec.
GENERAL BUSINESS INDICATORS—Continued
1
BUSINESS INCORPORATIONS d
New incorporations (50 States and Dist. Col.) :t
Unadjusted
number
Seasonally adjusted _
_ •
_
do .
INDUSTRIAL AND COMMERCIAL
FAILURES d"
Failures, total
number
15, 171
15, 534
12975
15 759
15 472 18 825
1 5 867 16 193
15 495
16 086
17 676
16 064
17 365 16 394
16 242 15 932
16, 856
15, 797
17 145
15, 852
14 552
16, 074
15, 465
16, 715
16 394
16, 559
1,060
1,315
1,198
1, 115
998
1,217
1,241
1,320
1,197
1,075
1, 157
1,096
1,169
1,034
__ do _
do
do
_. __._do _.
do
112
225
215
629
134
114
200
201
557
126
129
198
186
479
123
91
198
176
433
100
109
201
205
570
132
109
204
211
572
145
131
210
212
625
142
101
201
216
554
125
92
179
188
501
115
123
219
146
563
106
82
214
192
501
107
113
203
185
550
118
81
208
163
484
98
Liabilities (current), total
- thous. $
Commercial service
... _
_do
Construction
do_ .
Manufacturing and mining
'.
__do
Retail trade
do
Wholesale trade __. _
_.
do _
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns—
101, 133
7,831
20, 295
33, 333
29,143
10, 531
112, 7l6 262, 112
7,425 4,171
19, 280 20, 325
46, 475 197, 942
24, 947 26, 832
14, 589 12, 842
68 427
3 764
13, 935
22, 662
16 849
11, 217
96 731
5 721
22 166
29, 649
27 376
11 819
123 935
7 238
14, 933
26, 260
22 680
52 824
110 999 112 884 93 419
11 686 10 355 10 245
20 776 27 872 14, 687
26. 762 30, 650 37, 782
19 515 28 151 23 291
32 260 15 856 7, 414
144, 496
80, 909
15, 349
17, 951
21, 694
8,593
125 642
9 037
23, 772
23, 309
20 781
48 743
95 180
22 555
17, 897
16, 079
25 715
12 934
55.1
51. 2
53.9
55.3
51.3
49.4
53. 2
54.9
59.1
56. 3
50.7
50 3
236
235
232
234
232
236
236
234
234
234
237
274
163
162
226
217
258i
163
161
228
218
258
170
164
232
222
261
165
166
232
265
254
161
168
234
249
247
171
168
Commercial service.
Construction
Manufacturing and mining
Retail trade
Wholesale trade
iGO.S
156.3
56.6
967
96
194
196
467
107
114 565 93 766 119
6 074 4 666 4
32 185 23 967 22
31, 396 35, 619 59
24 958 19 135 20
19 952 10 379 11
100
180
175
412
100
324
870
953
174
629
698
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products©
1910-14= 100_.
Crops
- Commercial vegetables
Cotton
Feed grains and hay
_.
Food grains...
....
_ _
:;
do
do
do
_ do
do .
Fruit
.
Oil-bearing crops
___ _
Potatoes (incl. dry edible beans)
Tobacco
.
.
Livestock and products. .
Dairy productsMeat animals
____.._
Poultry and eggs..
Wool
.
do
do
do
do
_ do
...do ._
do
__ do
do. ._
244
242
242
237
243
240
231
243
271
153
226
237
231
271
164
224
241
250
274
158
224
241
254
264
164
226
243
270
254
166
230
242
286
249
164
229
241
275
259
166
215
243
230
267
168
225
248
235
271
168
218
241
240
274
168
170
226
248
157
530
279
258
157
494
294
271
144
490
303
265
144
478
300
268
150
488
292
263
156
490
293
260
167
490
316
252
191
490
327
246
251
490
301
246
322
489
272
247
307
489
283
243
247
487
293
254
202
482
317
260
208
493
277
263
231
491
267
273
283
496
255
253
310
145
252
245
253
290
146
269
243
272
272
150
265
234
269
260
146
270
242
265
274
154
274
237
260
269
147
281
237
253
273
144
295
230
243
268
136
301
224
237
263
131
301
224
234
264
133
299
234
243
275
139
293
237
252
274
145
288
244
262
282
146
284
239
272
268
144
284
236
277
260
143
284
234
272
261
139
275
280
294
270
283
298
273
282
298
271
282
298
270
283
298
273
283
299
271
283
298
272
283
300
272
282
300
270
282
300
269
282
300
269
282
300
269
282
299
270
282
300
269
282
301
269
283
301
269
239
Prices paid:
All commodities and services
...do .
Family living items...
do _.
Production items .
. _ .
do
All commodities and services, interest, taxes, and
wage rates (parity index) J_. ..... 1910-14 =100-
307
312
311
311
313
313
313
314
313
313
312
313
313
312
313
313
Parity ratio §t
379
278
78
76
78
77
76
75
75
74
75
74
75
76
75
75
105.4
106.7
107. 4
108.3
108.2
108.4
108.5
108.7
_ _ _ _ _ _ do
do
105.4
106. 1
106.7
107.4
107.4
108.4
108.2
108.8
108.1
108.9
108.2
109.0
108.3
109. 2
108. 5
109.5
..____^_____do
_do
____ _ do
__._
__do
________do
103.2
103.6
101.8
102.1
115.2
104.1
104.9
102.1
101.5
116.6
104.7
105.4
103.1
103.2
121.0
105. 3
106.3
102.9
100.6
122. 7
105.2
106. 1
102.8
99.9
122.2
105.4
106.4
102.8
98.7
121. 9
105. 5
106. 4
103.1
101. 3
121.9
105.6
106.4
103.5
102.5
122.9
_____do____
do
102.8
110. 9
103. 5
113.0
104.5
113.9
104.3
115.3
104.2
115. 4
104.3
115.5
104.6
115.7
104.8
116. 0
do
do____
do
______do____
103.6
101.7
104.1
105.0
105. 1
100.2
103.8
111.0
105.1
99.7
104.8
108.2
107.2
98.9
104. 3
122.3
106. 9
99.2
104.4
117.3
107.2
101.4
104. 6
112.2
106.9
100.6
105.3
111.7
106,8
99.5
105. 3
113.0
Housing
j.
do_
Shelter 9*
_do
Rent.
do
Hoineownership*
________ ______do
Fuel and utilities*
_____do____
Household furnishings and operation*
do
104.8
105.6
105.7
105. 6
106.1
101. 5
106.0
106. 9
106.8
107.0
107. 0
102. 4
106.6
107.7
107.2
108.0
107.5
102.7
107.1
108.6
107.8
108. 9
107.0
102.8
107.2
108.8
107.9
109.2
107.1
102. 6
107.4
109.0
107. 9
109. 5
107.2
102.8
107. 6
109.2
108.2
109.6
107.4
102. 8
107.7
109. 3
108.3
109.8
107.5
102.9
Apparel and upkeep*
Transportation
Private
Public
103. 6
107.2
105.9
115.4
104.8
107.8
106.4
116.9
106.1
109.1
107.8
117.6
105.5
109. 4
107.9
119.0
105. 3
109.3
107.9
119.1
105.;9
108.9
107.4
119.3
106.2
109.4
108.0
119.3
106. 4
110.0
108.6
119:5
do
CONSUMER PRICES
(U.S. Department of Labor Indexes')
All items..
__..____
Special group indexes:
All items less shelter...
All items less food
Commodities^..
Nondurables.—
Durables^?
New cars
Used cars
_._
1957-59=100„
_
___
_
Commodities less food^...
Services^
._ . •
Food 9
.
Meats, poultry, and
Dairy products
Fruits and vegetables
fish.
_
___..
....do
do
do
____do
3 107.6 *107.6 U07.8 3108.0 U07.9 *108.2
107.6
4107.7
108.0
107. 7 107.8 107.8
107.5 107.6 107.5 107.5 107.7 107.7
107.9
108.5 108.4 108.4 108.6 108.6 108. 7 108.8
104.9 104.9 104.8 104.8 104.9 104.8
105.0
105.6 105.7 105.6 105.6 105.6 105.5
105.8
103.0 102.9 102.9 102.9
102.9
102.9 102.8
102. 1 102.3 102.2 101.8
100.8
101.2
101.6
120.3 119. 6 119.0 119.6 120.9 121.6 122. 7
104.5 104.3 104.1 104. 3 104.3 104.3
104.3
114.1 114.2 114.3 114.5 114.8 114.9
115.1
105.4 105. 8 " 106.0 105.7 105.7 105.5
106. 2
99.2
98. 3
98.3
97.2
97.0
96.8
96.6
105.0 105. 0 104.8
104.5 104.1 103. 9 104.0
109. 8 112. 4 113.9
115. 1 115. 7 115.7 120.2
106.9 106.9 106.9 107.1 107. 0 106.9
107.1
108.0 108.1 108.3 108. 4 108.2 108.2 108. 4
107. 3 107. 3 107.5 107. 5 107.7 107.7
107. 8
108.4 108.5 108.8
108. 9 108.6 108.4
108.7
107.6 107.7 106.8
107.2 107.1
107.3
107.4
102.9
102. 7 102.7 102.8 102.9 102.9
102.9
106.1 105.0 105. 1 105.3 105.6
105. 7
105.7
108.9 109.4 108.6 108.9 109.0
109.1 109.2
107.5
108.0 107.2 107.4 107.6
107.8
107.7
118.3 118. 3 118.4
118. 3 118. 4 118.6 118. 9
107.6
Health and recreation 9*
...do
109.4 111. 4 112. 4 112.7 112.7
Medical care.
do
114. 2 117.0 117.9 117.9 118.2
Personal care
_do
106.5 107.9 108.4 108.8 108. 5
Reading and recreation
do
109.6 111. 5 112. 8 113. 1 113.1
r
Revised.
1 Based on unadjusted data.
2 A.Ixnual da ta for ic>61-63 foi• parity ratio
adjusted for government payments made directly to farmers are as foHows (uilit as above):
83; 83; 81. Descriptive material and annual data ba ck to 1933 appear in the I)ept. of Agriculture publication, "Agricultural Prices,"
Januar y 1964.
items" ndex ori old
basis (discontinued with June index) . 4 New series . Begunding Jan .1964 the index re Sects
the following changes: (1) updated weighting factors and pric 3 data b ase; (2) i mprovenlents
in statistical procedures; (3) a more comprehensive hi dex, incl single w orkers lrping alon e, as
well as families of wage earners and clerical workers; (4) expginsion of the "miirket bas ket"
from 325 to 400 items; and (5) increase in the sampleDf priced cities to 50 metre>politan areas
and cities in the U.S. Incl. Alaska and Hawaii. Th<3 new sei•ies has 1>een link ed to th 3 Old
112. 9
113.1 113.4 113.5 113.5 113.7 113.8 113. 9 114. 0 114.2
118.5
118.7 119.0 119.1 119.3 119.5 119.8 119.7 119.9
120. 2
108.4
108.7 108.7 108.9
109.1 109. 3 109.4 109.5 109.7 109.7
113.3
113.6 114.0 114. 1 114. 0 114. 1 114.2 114.3 114.5 114.9
series iis of Dec 1963 top rovide ccmtinuou 3 series (see except Ions in n<)tes"H"*ind "*") More
compl(3te infonnation aiid data a re availa ble from the Bure au of La bor Stati sties, U.!=5. Dept.
of Labor (Wastlington, D.C., 20$510).
cfCc mpiledl3y Dun & Bradst reet, Inc . (failures data are for 48 £ tates an d Dist. (3ol.).
fDal a prior t o 1963 exelude D st. of Co 1. Revis ions for Jan.-De 3.1962(seas. adj.) appear
on p. S-7 of tlie Aug. 1964 Sun VEY.
ORevisi ons for J an. 1961--Mar. 1963 are a vailable
upon r equest.
tSeen ote mark ed "•}"(>]i p. S-7 of the Fet>. 1964 Su EVEY.
§Rat io of pri ces recei1red to pi•ices paic1 (incl. iiiterest, t axes, an i wage r ates).
IData
beginn ing 1962 as shownL here are not com parable Kdth "ol<I series" data fonnerly pu Wished.
9In<3l. data ilot showQ separat ely.
*Newind exes.
SUEVEY OF CUEEENT BUSINESS
S-8
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
1963
Monthly
average
January 1965
Nov.
1964
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
95.2
95.8
97.9
07 7
100.0
102.3
102. 7
119 n
inn a
m
Nov.
Dec.
COMMODITY PRICES—Continued
WHOLESALE PRICESd*
(U,S. Department of Labor Indexes)
Spot market prices, basic commodities:
22 Commodities...—...
_ _ _ _ _ .1957-59 =1009 Foodstuffs
_
.do
13 Raw industrials
do
All commodities
_
. .
do _
By stage of processing:
Crude materials for further processing_.__do_-__
Intermediate materials, supplies, etc
do
Finished goodsO _
do
By durability of product:
Durable goods
do
Nondurable goods
.
_ . do
193.0
89.8
95 4
100.6
193.5
92.9
93 9
100 3
97.1
100.2
101.7
95.0
100.5
101 4
95 1
Q9 ft
101.0
i ni s
101.1
101. 0
100.1
101 0
99 6
im K,
inn n
102.0
99.2
in9 s
100.8
101.3
100.1
100.6
101.3
99.8
inn Q
mi a
100 1
100.9
102. 2
^ im A.
in9 a
100 0
97.7
do
97.7
do
, 98.8
do
96.2
do —
95.7
96.1
101.9
88.8
%9
101.2
107.6
106.9
98.0
99.1
101 1
107.3
107 .5
103.9
93.3
107.3
i n7 Q
106. 4
91.7
Commod. other than farm prod, and foods_do____
100. 8
100.7
Chemicals and allied products 9 ----- ~ do
Chemicals, industrial
do .
Drugs and Pharmaceuticals. — _— _— do.. _.
Fats and oils, inedible
do
Fertilizer materials
_
.
do
Prepared paint
do
97.5
96.3
96.0
76.3
101.9
103.8
96.3
94.8
95.1
80 3
99.9
103 8
Fuel and related prod. , and power 9 - - . —do. ...
Coal
do.
Electric power
Jan. 1958=100
Gas fuels
.1
do
Petroleum products, refined
1957-59=100..
100.2
96.8
102.8
119. 2
98.2
99.8
96 9
102 0
122 8
97 .2
97.9
Furniture, other household durables 9 -
98.8
94. 0
103. 8
86. 1
94.2
98.1
91 8
104 6
82 8
92.3
do
do
do
do
do—
__do____
107. 4
108.6
106. 2
108.5
96.5
96.5
104.2
108 3
84 0
101 9
98.6
98 9
Machinery and motive prod. 9 -————do
Agricultural machinery and equip.
do—
Construction machinery and equip
do.—
Electrical machinery and equip
.do—
Motor vehicles
_
_
do
102.3
109.5
107.8
98.4
100. 8
Metals and metal products 9......
do
Heating equipment
........do
Iron and steel
. .
. do
Nonferrous metals
do
100.0
93.2
99.3
99.2
102.2
111.1
109.6
97.4
100.0
100.1
92.9
99.1
99.1
Nonmetalllc mineral products 9 ——-—do
Clay products, structural
—.do
Concrete products
_
do
Gypsum products. _;
. . __do
Pulp, paper, and allied products
'^..do—Paper
do
Rubber and products .
.
do.
Tires and tubes
do
101.8
103.5
102.6
105.0
100.0
102.6
93.3
87.1
101.3 101. 2
103.5
103 .6
101.7 , 101.4
106. 1
105.4
99.4
99.2
102.9
102.4
94.2
93.8
91.7
90.1
101. 3
92.7
100.0
101.0
101.3
103. 5
101.4
106.1
99.4
102. 9
93.8
91.4
Textile products and apparel ?....— _ . do
Apparel
do
Cotton products
_ _ _
do
Manmade fiber textile products.
do.—
Silk products
do
Wool products
do
100.6
101. 5
101. 7
93.9
125.9
99.1
100.5
101 9
100 3
93.9
139 9
100 9
101.1
102.3
101.3
94.4
130.5
101.6
Tobacco prod, and bottled beverages 9 ...do
Beverages, alcoholic
_.do— ..
Cigarettes
.
do
Miscellaneous
do
Toys, sporting goods ...
- . do __
104.1
101.0
101.4
107. 3
100.8
106.1
101.0
104 1
110.4
101.0
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices.....
1957-59= 100..
Consumer prices
do
99.4
94 9
99.7
93 7
Total manufactures
Durable manufactures
Nondurable manufactures
do
do. _
..do
.
Farm products 9 —
Fruits and vegetables, fresh and dried...
Grains
.-..
Livestock and live poultry..........
Foods processed 9
Cereal and bakery products
Dairy products and ice cream
Fruits and vegetables, canned, frozen
Meats, poultry, and
flsh
do
do.
.do
do
do
do
Furniture, household
_.
do
Radio receivers and phonographs.. _ do....
Television receivers.
__
do
Hides, skins, and leather products 9
Footwear
Hides and skins _ . _ _ _ . _
Leather
Lumber and wood products......
Lumber
^
'.
95.7
93 4
95.0
01 i
95.5
00
94.3
Q
96.3
oo n
1 nn 7
95.3
8ft 8
OQ q
100. 1
QQ Q
QA n
101. 3
inn ^
101.2
inn n
Qfi 1
inn ^
87.9
im c
79.9
'Ifiq Q
84.7
82.8
100.4
106.9
106. 8
87.7
102. 5
107.0
108. 0
107.2
91.8
100.9
107.4
107.5
107.4
88.9
100.9
101.2
101. 3
101. 2
96.3
96. 2
94. 3
95. 0
85.0
98. 4
105. 1
96.3
94.3
95.4
83. 1
99. 4
105. 1
96.4
94.2
95.3
83. 2
100.2
104. 6
99.3
98. 3
101. 3
124. 8
96.1
99.5
99.0
95.0
101. 3
122. 3
93.8
91. 2
104. 8
103.5
108.2
82. 7
99.7
99 2
99. 3
102.5
111.4
110.9
97.5
99 9
101.0
92.8
99.9
100.2
OS Q
96.6
98.0
91.1
104.7
81.7
90.9
103.0
108. 2
76.3
99.5
99.1
99.2
102.6
111.9
111.2
97.7
95.3
91.8
105.0
81.5
102.7
ins Q
102.5
7H 1
99.0
QQ 9
100.9
101. 5
99.9
100. 9
100.6
100.3
Qq 55
QA 1
100. 5
100.4
100.6
OQ 7
OQ 9
n
103.2
Q1 1
f\
HO
QA q
QA n
101.1
in9 i
101. 1
101.4
ino Q
i eft n
100 0
QA n
QQ 9
in9 K.
QQ ft
99 4
95.2
QA A
QQ f|
QQ I
QQ 7
1 09 £
99 5
QA 1
Qq a
ins Q
Q7 Q
oe 7
QQ 8
Qq o
QO 9
99 8
QA n
88.4
on 9
90.9
88 9
85.8
ins n
sa n
83.6
on i
83.1
101. 0
108.3
102.2
108.1
108.2
100.9
108.3
100.8
108. 1
105. 3
93.3
102.3
93.3
102.2 ' 102. 7 '•102.3
93.2
89.8
96. 1
101. 9
88.8
100.9
101.1
101. 1
101.1
101.5
101.6
101.8
96.6
96. 5
96.6
96.9
97.1
97.2
95.5
88.6
96. 5
94.3
94.6
93.2
94.8
94.7
94. 6
94.7
94.7
104.8
104. 8
103.9
104. 1
94.6
106.2
99. 1
104.8
104.9
105.1
96.1
97.0
97. 1
101. 3
99.4
120. 4
123.2
92.9 ' , • 91.1
.96. 4
96.3
Qr q
96.7
96.4
96 6
95.2
96.7
97 7
101 5
120 4
91.9
'97.6
98.2
in7 A.
•jrjq q
Ifjo 9
83.8
82. 4
81.2
82.3
87.7
100.5
106. 8
107.3
107.5
88.7
100.4
107.8
99.4
107.5
100.2
107.9
101. 2
108.6
107.3
88.3
106.3
86. 9
106.1
90.2
101.1
101.1
101. 1
96.5
94.4
95.2
85.8
100.2
104.8
96.6
96.7
95.4
1 no n
101.3
98. 5
91.7
105.0
81.5
90.9
102.5
108. 2
75. 7
99.6
101.0
101.4
101.3
116.6
92.2
QQ ft
m
QK 7
Qfi 1
inn fi
n
92.3
m
9
92.5
9
91.4
89.5
QQ A
r 1 9^ 1
no K
QO
- Qfi Q
r in^ 9
QY 9
inK K
O
90 8
on 8
81 5
Q1 1
81 ^
on 8
105.4
101.4
101 8
105.6
1 ns ^
96 0
i n*t ^
100.9
101 1
105.4
i ns A
95 5
i n.4. n
100.6
100 7
106.0
109 1
^ 95 4
104 8
100. 3
100 4
r 105. 5
92 6
104 7
101.2
101 5
103. 3
112.7
112.3
97.7
101 2
103.0
112.7
112.3
96.5
100 9
103.1
112.9
112.3
96.5
100 9
102.9
113. 1
112.3
96.6
100 7
102.9
113.0
112.4
96.6
100 5
103.0
103.2
112. 9 '113.8
112.4 '113.4
96.5 •' 96. 5
100 7
100 7
Q1 9
104.7
104. 8
1 PS Q
-jrjQ q
QC 7
on Q
101.8
in9 n
101. 8
in9 9
Q-j
98 5
r
A
94.0
- -t ne q
(•
••i OK
93.3
Q1 H
r in^ ^
81 8
QQ
QQ 9
mi 4.
98 6
QQ e
104.5
Q7 ^
- A
QQ a
98.6
91.6
105. 3
81. 5
91.6
105. 2
m
m
QQ 9
C
••inK a
Q-J
1
109 0
go 7
r JQ3 9
99.6
99 2
r
81 ^
Q1 1
105.4
i no n
on 9
99.4
QQ 1
102.5
112.1
111.8
96.9
99 8
101.7
92.0
100.2
101.4
102. 5
112.5
111.8
96.9
102.7
112.6
112.0
97.0
102.9
112. 7
112.2
97.7
99 9
101.8
91.8
100.2
101 7
102.0
92.1
100.2
102. 8
102.2
92.1
100 2
104 0
102.1
92.0
100 3
103 9
102.3
92.4
100 4
104 0
102.5
91.9
100. 7
104 4
103. 0
91.7
101.2
105.8
103.0
91.7
100 5
107 0
103.8
91.8
100. 7
110.4
104.3
'91.9
100. 9
112.0
103.1
114.0
113.5
96.3
100 8
104.7
92.2
101.1
113.4
101.1
103.5
101.2
106.1
99.8
103.1
93.7
91.3
101.2
103. 8
101.0
108.6
99.9
103.1
93.6
91.3
101.1
103.9
100.7
108.6
99.3
103. 5
93.9
91.3
101. 3
104.5
100.6
108.6
99. 1
103.6
93.1
89.2
101.3
104.5
100.6
108. 6
98.7
103.7
92.6
88. 0
101.4
104.5
.100.8
108.6
98.7
103.7
91.6
88.0
101.5
104.4
100.9
108.6
98.7
103.7
91.8
88.0
101. 7
104.5
100.8
108. 6
98.7
103.7
91.8
88.0
101.8
104.6
101.1
108.6
98.7
103. 7
91.9
88.0
101.8
104.8
101. 1
108.6
99.1
104.0
92.1
88.0
101.8
104.9
101.1
108. 6
98.9
104.0
92.2
88.0
101.8
105.1
101. 1
108.6
98.9
103.6
92.1
88.4
101.2
102.3
101.5
94.6
126. 3
102.8
101.2
, 102. 3
101.3
94.7
121.6
103.2
101.2
102.3
101.2
95.1
116.8
103.3
101. 2
102.3
101. 1
95.5
116.6
103.3
101.1
102 3
100 5
95.5
116 4
103 2
101. 2
102 7
99.6
96.0
116 4
102 8
101.0
102 8
98.7
96.2
117.0
102. 8
101.1
103.3
98.3
96.2
117. 0
102. 6
101.2
103.3
98.6
95.8
117.0
103.0
101.2
103 3
98.9
95. 7
117 0
102.9
101.4
103. 3
99. 0
96.1
116. 6
103.1
101.4
103.2
99.1
96.5
117. 8
103.3
101.5
103.2
99.4
96.8
117.4
102.8
107.5
100.9
105.6
110.9
101.0
107.5
101.0
105.6
112. 2
101.1
107.6
101. 0
105.6
112.6
100.9
107. 1
101.0
105.6
110.9
100.9
107.1
100.7
105. 6
109.8
101.1
107.1
100.7
105.6
109.5
100.8
107.3
100.5
105.6
107.2
100.8
107.4
100.3
105.6
106.7
100.9
107.3
100.3
105.6
107.5
101.0
107.5
100.8
105,6
107.3
101.0
107.5
100.8
105.6
109.2
101.2
107.6
100.8
105.6
110.1
101. 1
107.5
100. 5
105.6
108,5
100.9
107.5
100.5
105. 6
110.7
101. 0
99.3
93 1
99.7
92.9
99.0
92.9
99.5
92.9
99.6
92.9
99.7
92.8
99.9
92.8
100.0
92.6
99.6
92.3
99.7
92.4
99.3
92.3
99. 2
^92.2
99.3
292.0
299.2
'Revised.
i Figures are for the month of June.
2 indexes based on 1947-49=100
arec as follows: Measured by—wholesale prices, 83.5 (Dec.); consumer prices, 75.0 (Nov.).
Corrected.
94.4
Q7 ^
cTFor actual wholesale prices of individual commodities, see respective commodities.
O Goods to users, including raw foods and fuels.
9 Includes data not shown separately.
SUEVEY OF CURRENT BUSINESS
January 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
;
edition of BUSINESS STATISTICS
1962
| 1963
'
1963
Monthly
average
Nov.
Jan.
Dec.
'
Feb.'
.
Mar.
:
Apr.
S-9
' 1964 .
' May •
June
:
...
July
. ; . . • ' ; • . ...
,.
Aug.
Oct.
Sept.
7
Nov.
Dec.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE f
4, 954
5,204
5,720
5,260
4,579
4,177
4,643
5, 098
5, 483
6, 185
6,162
6,208
6,189 •'6, 092
'5,774
5,308
Private total?
.. - do
Residential (nonfarm) 9
-•-- _ _ — .do.
New housing units
do
Additions and alterations
. . do
Nonresidential buildings, except farm and
public utilities total 9
mil $
Industrial
- do
Commercial 9
-•
-•
-do
Stores, restaurants, and garages
.do— _
Farm construction
do
Public utilities
— ...
.....do
3,475
2,024
1,553
3, 648
2,154
1,672
4 021
2,357
1 909
3 760
2,153
1 734
3,258
1,813
1 451
(i) i
3,021
1,626
1 316
3,325
1,908
1,477
3,638
2,188
1 610
3,895
2, 345
1,703
4 222
2,573
1 879
4,257
2,552
1 976
4,228
2,500
1 974
4,179
2,417
1,911
'4,025
' 2, 230
' 1, 779
3,736
2,031
1 615
960
246
413
988
247
433
1 104
1 070
963
251
411
1 130
1 154
•284
1,172
1 184
1, 188
1 144
267
493
981
257
424
1 086
189
106
993
264
425
1,017
270
471
1,015
374
197
101
163
95
167
96
431
414
312
286
317
155
95
232
111
360
218
105
366
404
421
421
421
448
242
107
'469
239
102
'479
438
Public, total
Nonresidential buildings.
Military facilities
__.
Highways
Other types
1,480
429
102
1,557
460
0)
1,699
466
(i)
1,500
458
(i)
1,321
435
(i)
549
386
397
392
1,460
525
•0)
1, 588
517
C1)
1,963
597
0)
1,980
555
685
431
1,318
464
0)
1,905
525
(i)
556
430
1,156
429
X1)
710
534
740
526
770
534
2, 010
568
0)
' 1, 983
569
0)
New construction (seasonally adjusted at annual 2
rates), totalt
..mil. $_. 59,453 262,451
65, 072
65, 193
64, 684
65,528
66,509
66, 615
64, 983
66, 576
66, 641
65, 991
66, 454 -•65,335 '65,686
. 41,695
43,772
45, 488
45, 778
45,440
46, 274
46,923
46, 449
45, 780
46, 006
46, 261
45, 906
45,861 '45, 521 '45,531'
45, 402
Residential (rionfarm)
„__
_.do.__. 24, 292
Nonresidential buildings, except farm and
public utilitips, total 9
.
mil. $ 11,526
2,949
Industrial
— . ,-~
__do____
Commercial^
__.
, do ._ 4, 955
2, 385
Stores restaurants, and garages
do
1,282
Farm construction
_
do.1
4,318
Public utilities
do
25,843
27,000
26, 896
26, 907
27, 600
28, 123
27,538
26, 678
26, 612
26,708
26, 342
25,972 '25,679 '25,582
25,416
11,859
2,962
5,200
2,268
1,266
4,494
12, 480
3,136
5,469
2,335
1,261
4,473
12, 592
3,158
5, 515
2,333
1,261
4, 753
12, 476
3,060
5, 499
2,330
1,258
4, 547
12, 581
3, 058
5, 546\
2,300
1,254
4, 547
12, 728
3,074
5,668
2,351
1,253
4,518
12, 661
3,076
5,561
2,293
1,252
4,660
12, 756
3, 149
5, 542
2,252
1,250
4,746
12, 900
3,204
5/5C2
2,268
1,247
4, 832
13, 063
3,334
5,574
2 302
1, 242
4 828
13, 271
3, 505
5,609
2,381
1,237
4 670
13, 386
3,514
5,746
2,530
1,232
4,923
13, 442
3, 79J
5,639
2, 443
1,219
5,009
.do.... 17, 758
18,679
19,584
19,415
19, 244
19,254
19, 586
20, 166
19, 203
20, 570
20, 380
20, 085
20, 593
5,145
1,222
6, 378
5, 524
(i)
6,670
5, 803
(i)
7,254
6,075
(i)
6,713
5,761
(i)
6,685
6,171
(i)
6,169
5,993
(i)
6,796
6, 259
(i)
7,068
6,040
(i)
6,410
6, 528
(i)
6, 888
5,828
(i)
7 549
6,115
(i)
7 021
6,313
(i)
7,273
3 442
3120
1,133
2 309
3,824
3 749
3 413
3 346
3 201
4, 215
4 359
4 639
4,504
4 601
3 760
3 762
4 029
3 757
1,157
2 592
1,155
2 257
1 198
2 149
1,041
2 160
1,339
2, 876
1,318
3, 042
1,535
3 104
1, 491
3,013
131
136
1, 229
2, 594
1 619
2 983
1 101
2 658
1,124
2 638
1,310
2 719
1 174
2 583
1 084
1 503
1,212
1, 716
1 082
1 519
1 102
1 325
1 158
1 372
1 082
1 427
1 252
1,991
1 420
2,006
1 425
1 702
1 263
1 482
933
1 548
2 000
1,054
1 228
1 717
972
1 400
1 996
1, 108
1 275
1 679
692
1 362
2 050
1,227
807
817
902
New construction (unadjusted), total f
Private total 9
Public, total 9
.
..„__..
-
___._
..mil. $._
do....
do
—do
_ . do
...do.
.....do
. ._
Nonresidential buildings.
Military facilities
Highways
CONSTRUCTION
do....
do
do
. • «•
(i)
199
107
532
418
(i)
(i)
(i)
268
434
168
98
(i)
266
376
(i)
351
413
(i)
384
454
(i)
254
442
175
99
481
477
(i)
258
480
207
106
(i)
269
497
;220
115
(i)
497
220
118
(4)
f 4, 109
'2,323
r
1843
(i)
0)
293
506
299
517
794
533
787
'504
13, 406
3,540
5,776
2,621
1,226
' 4, 915
r
(i)
312
520
' 1, 749
' 500
(!)
. 678
454
13, 453
3,655
5,767
2,556
' 1, 223
' 4 969
(i)
324
482
207
98
1,572
472
0)
0)
«
65, 709
19, 814 '20, 155
20, 307
' 6, 330 ' 6, 216
(i)
(i)
7,151
6,667
6,210
(i)
(i)
CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Corp.):A
Valuation, total
.mil. $
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
Heavy construction:
New advance planning (ENR)§_
__do __
Concrete pavement awards :d*
Total
__.
__._.__.__.__thous. sq. yds_.
Airports
do
Roads
'__•
do
Streets and alleys
— -do
Miscellaneous
________._do__-_
659
196
133
144
683
212
704
444
148
147
629
356 | 816
143
140
138
138
138
140
121
143
^ V
1, 012
1,766
2,770
4, 484
2 656
6,577
3,986
2,664
3, 165
3 190
3 143
4 823
3 506
2 860
3,676
2,900
9,483
10,053
8, 164
10, 389
10,891
6,820
9,057
12,997
10, 831
9,463
7,246
11, 962
8,828
11, 720
6 217
2,789
6,411
3,160
5 115
2 850
8 177
2 037
6, 956
5 159
1 197 1, 046
9 861
2 402
7 714
2 716
6 474
2 481
13, 354
1 395
8 981
2 747
9 187
4 840
1 660 2 241
282
'357
5 792
2 276
8 509
2 455
477
482
199
176
256
*8 464
2 095
* 76
4
225
240
836
219
611
124
240
161
270
238
231
388
952
472
288
3 915
100
655
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total, Incl. farm (public and private). ..thous..
One-family structures _.._.„._.._..._. do....
Privately owned
;___-_
do___.
Total nbnfarm (public and private).
In metropolitan areas
,
Privately owned
_
do
do
do___.
Seasonally adjusted at annual rates:
Total, including farm (private only)
Total nonfarm (private only)
do:___
_ _ _do .
124. 4
83.0
121 9
136.7
85.1
134.1
122. 3
72.4
120 5
97.4
50.9
95 7
100.8
55.3
99 6
101. 1
63.7
100.3
133.3
82.2
130.1
152. 3
90.7
148 5
160.5
101.4
157 5
164.0
102. 1
158 5
145. 1
91.7
142 7
144.8
90.2
141 6
126.0
'79.6
122 6
143. 8
91.5
141 8
108 9
122. 4
87.7
119.9
134. 4
95.8
131.8
119.7
84.6
117 9
95.1
76.8
93 4
99.5
5 75. 0
98.3
98.5
73.8
97.7
131.5
96.6
128.3
149.5
102. 5
145 7
158.2
115.1
155 2
161. 3
118.0
155 8
142.8
102.9
140 4
142.2
97.1
139 0
123.9
' 89. 9
120 5
141. 2
'99.0
139 2
108.6
75.9
106 7
1 577
1 544
1 570
1 524
1, 718
1 688
1,657
1,613
1,663
1,638
1 531
1 501
1 529
1 507
1 611
1 585
1 505
1 483
1 430
1 408
1 457
1 433
1 599
1 567
1 420
1 391
1, 359
1,402
1,333
1,404
1,377
1,280
1,271
714 .
1,306
1,242
1,281
1,222^
1, 220
1, 257
New private housing units authorized by bldg. permits (12,000 permit-Issuing places) :*
Seasonally adjusted at annual rates:
Total
thous- 21,229 21,335
3
One-family structures.. _
do
756
2750
738
715
742
810
767
700
720
663
701
694
689
110.8
744
CONSTRUCTION COST INDEXES
Dept. of Commerce composite}: __
1957-59=100
American Appraisal Co., The:
Average, 30 cities
......1913=100
Atlanta
do
New York
_________ _
do
San Francisco
_.„
_...do
St. Louis...
_ _
do
Associated General Contractors (building only)
1957-59=100..
107
109
111
111
111
111
111
111
112
112
112
113
113
113
113
756
780
791
792
792
793
793
794
798
800
806
808
809
811
811
832
836
720
741
857
858
761
760
111
114
774
863
874
778
776
863
884
778
779
870
884
780
779
870
884
780
779
870
884
780
777
872
884
780
786
116
116
117
117
117
117
118
863
872
778
.
2
'Revised.
iNot yet available; estimate included in total.
Annual total (also for
-breakdown of new construction value).
3 Computed from cumulative valuation total.
< Prior to 1964, "miscellaneous" yardage was included with data for roads and streets.
6 Effective Jan. 1964, based on 1963 definitions of metropolitan areas; not strictly comparable
with earlier data.
tRevised series.
Revised monthly data for 1946-63 appear in Construction Report
C30-61 Supplement (Bu, of the Census).
9 Includes data not shown separately.
AMonthly averages for 1962 are based on annual
totals including revisions not distributed by months.
760-045 O - 65 - 4
872
884
794
786
119
872
893
799
786
887
895
800
786
887
897
802
786
892
889
803
788
890
803
796
119
120
120
120
120
113
ono
120
§Data for Jan., Apr., July, Oct., and Dec. 1964 are for 5 weeks; other months, 4 weeks.
Comparable data prior to 1961 not available.
cfData for Dec. 1963 and Mar., June and Sept. 1964 are for 5 weeks; other months, 4 weeks.
* New series (from Bu. of Census reports, Series C-20). The 12,000 permit-issuing places
covered by these data account for a major portion (about 83 percent), of private residential
building in the United States (1959-63 data for 10,000 places are also provided in Series C-20
reports).
{Revised to 1957-59 reference base; also reflects revision of basic data.
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
Monthly
average
1963
Nov.
January 1965
1964
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
114. 6
115.8
114. 6
112.7
Dec.
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
E. H. Boeckh and Associate s,Inc. :1
Average, 20 cities:
All type s combined
_ _ 1957-59 = 100. . 107.8
108.8
Apartments hotels office buildings
do
107.8
Commercial and factory buildings
do
106.3
Engineering News-Record:
Building
—
1957-59=100-
Bu. of Public Road's— Highway construction:
Composite (avg forqtr)
1957-59=100
110.1
114.7
110.2
111. 3
110.2
108.5
111.4
112.5
111.4
109.8
111.5
112.6
111.5
109.9
111.9
113.0
111.9
110.2
111.9
113.1
111. 9
110.3
111.9
113.1
111.9
110.3
112. 3
113.4
112.3
110.7
112.9
114.1
112.9
111.1
113. 6
114. 9
113. 6
111.8
114.1
115.3
114.1
112.2
114.2
115.4
114.2
112.3
114.1
115. 3
114.1
112.3
114. 5
115.8
114.5
112.6
112.7
118.6
114.3
120.3
114.4
120.4
114.6
120.8
114.6
121.1
115.0
121.4
115.3
121.9
115.6
122.3
116.2
123. 1
116.6
124.3
116.9
124. 7\
117.1
124.7
117.0 i 117. 0
117.0
124.7 r 124. 9 1 124. 8
298.6 a 101. 0
103.4
102. 2
99.3
102.4
' 162. 3 'r 162. 9 ' 165. 3
148 3 ' 158. 9
•••169 0
162.1
143 6
CONSTRUCTION MATERIALS
Output index:
Composite unadjusted 9
1947-49=100..
Iron and ^teel products unadjusted
Portland cement unadjusted
do
__do
134.5
142.9
135.8
142.4
122.2
142.3
129. 4
138.0
132. 0
149.7
152.3
157.9
160.6
158.1
160.3
149. 7
166. 9
156.2
131.6
134.6
167.6
140.7
140.5
176.1
126.0
137.6
181.7
113.3
130.2
143.5
118. 4
142.6
113.2
122.7
141. 9
118. 0
151.1
158 0
147.7
168.7
158. 0
176.4
164.4
154.5
205.9
174.8
155. 6
216.5
173.0
148.5
222.6
167.0
154.0
225. 5
166.8
162. 3
-214.4
163.9
161 0
217.3
18.4
15.8
14.3
11.6
11.4
190
8.3
145
10.3
183
9.1
159
11.5
178
9.1
138
14.4
193
9.4
135
19.0
190
11.3
124
18.7
190
11.1
111
15.8
173
9.5
99
17.9
177
10.8
103
15.2
162
10.7
109
15.8
176
8.3
88
15.4
174
10. 4
121
15.1
183
8.7
112
11.6
194
7.3
118
11.7
193
7.1
118
444. 50
258. 21
486. 68
255. 35
543. 00
267. 77
439.85
201 .31
483. 39
208. 70
483. 67
206.20
456.89
192. 02
570. 30
232. 60
616. 55
251. 51
604. 77
245.93
605.39
270.33
650.14
275. 73
556.64
258. 30
562. 63
4,290
4,784
4,414
4,216
4,168
4,444
4,395
4,769
4,763
4,781
4,837 '4,977
4,777
2,048 '2,051
1,789
REAL ESTATE
Mortgage applications for new home construction:
Applications for FHA commitments
thous. units..
Requests for VA appraisals. _..
__..__do
Home mortgages insured or guaranteed by—
439.24 464. 09
Fed Hous Adm • Face amount
mil. $
221. 01 253. 76
Vet Adm * Face amount§
do
Federal Home Loan Banks, outstanding advances
to member institutions
mil $ 83,479 34,784
New mortgage loans of all savings and loan associaBy purpose of loan:
Home construction
Home purchase
All other purposes
do
do
do
New nonfarm mortgages recorded ($20,000 and
5
Fire losses ( on bldss content * etc )
mil $
1,730
2,061
1,856
2,118
1,716
1,712
2,071
2, 081
2, 145
2,394
2,363
2,164
498
710
521
586
827
648
502
757
597
620
776
722
434
696
586
474
674
564
621
784
666
579
831
671
597
881
667
624
1,054
716
635
1,037
691
537
1,025
602
2, 849
7,204
3,077
8,183
2,880
7, 959
2, 987
7,931
2,758
8,530
2,575
8,097
2,935
8, 711
3,089
9, 475
3,090
9,421
3,388
9,469
3,519
9, 972
8,744
9,277
105.42
117. 13
94. 91
113.12
139. 33
118. 85
126. 45
124.93
105.98
108. 56
108. 08
99.47
10Q. 55
498
970
580
'531
••893
'627
463
772
554
106. 11
104.21
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas. adj.:t
Combined index
1957-59=100..
Business papers
_.
do
Magazines
.do
Newspapers
—
Outdoor
Radio (network)
Television (network)
do
-do
.do
do
113
108
119
118
112
127
114
113
131
124
117
134
120
112
126
123
108
128
123
113
133
125
108
128
123
108
137
128
121
138
127
111
142
127
119
140
129
114
138
102
88
75
118
96
88
95
144
90
83
86
125
106
85
106
146
102
72
.78
151
103
87
84
160
99
91
83
158
107
104
76
160
100
86
87
157
103
86
82
159
105
79
103
157
; 94
106
65
112
171
Television advertising:
Network (major national networks) :
Or oss time costs, total
Automotive, incl. accessories
Drugs and toiletries _ - _ _ _ _ . - _ _
Foods, soft drinks, confectionery
mil. $__ 2 199. 7 2 208. 2
do
213.1 214.6
.do
263.3 269.6
-..do
239.5 239.9
Soaps, cleansers, etc
___:
do____ 220.9 221.9
Smoking materials
do
222.2 2 23. 9
All other
do... 240.8 238.4
Spot (natl. and regional, cooperating stations):
Gross time costs, total
-.__
mil. $__ 2 180. 3 2217.8
^
Automotive, incl. accessories. __.__
do__._ 25.9
28.1
Drugs and toiletries...
do
236.1
242.8
Foods, soft drinks, confectionery
..do
260.4 273.0
Soaps, cleansers, etc.
Smoking materials...
do
221.1
. _ _ _ _ . do .. 2 7 . 4
249.4
Magazine advertising (general and natl. farm magazines):
Cost, total...
mil $
Apparel and accessories
do
Automotive, inel. accessories
do
Building materials
do .
Drugs and toiletries
do
Foods, soft drinks, confectionery.
do
Beer, wine, liquors
________
_do
Household equip., supplies, furnishings ._ do" "I I
- Industrial materials..
__ do
Soaps, cleansers, etc.. £
_do .
Smoking materials
_
do
All other
do
73.0
4.6
7.9
2.3
7.1
10.6
2 22. 9
29.7
261.2
77. 6
4.8
8. 5
2.2
.8.0
10.4
4.5
4.7
6.9
4.9
5.5
7.7
3.7
3.7
5.5
.8
1.0
1.4
2.8
3.0
3.9
23.8
25.8
33.2
'2 Revised.
1 Index as of Jan.l, 1965: Building, 116.9; construction, 124.7.
Annual average based on quarterly data.
3 End of year.
1 Copyrighted data; see last paragraph of headnote, p. S-l.
220.8
16.3
72.3
43.0
224 1
15 2
74 5
45.3
222.1
14 6
69 1
43.7
223.7
13 4
69 0
42.7
21.6
25 0
42.6
24.4
28 0
36.8
24. 5
24 5
45.7
21.0
27 3
50.1
242.9
8.4
48.7
82.3
255. 9
9.7
52 3
92.3
........
20.3
10.1
73.1
103.2
5.7
12. 7
1.8
10,8
13.6
83
112
165
........
263.7
11 4
47 0
93.1
24.5 ........
10.4
66.7
227.0
9.0
44 1
74.9
54,0
2.0
7.0
.9
6.2
9.0
73.0
3.3
9.1
1.8
8.0
10.9
86.7
6.7
9.8
2.3
9.1
12.8
93.3
7.5
10.6
8.6
11.8
102. 7
6.3
11.5
3.6
9.8
12.9
8.8
4.4
2.8
.4
3. 0o
24.8
1.7
2.7
1.8
.7
2.4
19.7
3.3
3.6
3.1
.9
3.1
26.0
4.2
5.6
3.4
1.0
2.8
28.9
4.5
7.1
4.9
2.1
2.7
30.0
5.2
9.6
5.4
1.9
3.2
33.2
83.5
2.2
8.9
3.0
9.5
11. 6
........ ....... ........
24.4
14.3
60.2
26.5
12.4
73.3
77.2
3.9
5.9
1.5
9.9
11.0
3:5
........
60.5
.6
6.3
2.0
7.7
10.2
58.5
6.0
4.3
1.5
7.4
8.5
85.7
9.5
8.0
2.9
8. 4
9. 5
114. 9
7.6
18.0
2.6
11. 9
12.9
2.7
4.2
3.7
6.7
4.8
8.4
3.3
7.7
4.3
6.0
3.2
3.2
4.6
6.3
4.6
.7
2. 0
1.2
1.6
.8
3.2
3.0
3.2
3.8'
3.7
18.5
34.8
26.3
18.0
27.9
9 Includes data for items not shown separately.
§ Data include guaranteed direct loans sold; these became sizable after 1962.
^Revisions for Jan. and Feb. 1963 are available upon request.
103.8
6.3
11.2
1.9
11.8
13.6
7.6
8.2
4.7
2.3
3.6
32.7
SURVEY OF CURRENT BUSINESS
January 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962 | 1963
Monthly
average
S-ll
1963
Nov.
1964
Dec.
Jan.
Feb.
Apr.
Mar.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
DOMESTIC TRADE—Continued
ADVERTISING-Continued
Newspaper advertising linage (52 cities) :
Total _ '
'
mil. lines
Classified
do
Display, total ...
Automotive
Financial .
General
Retail
__
do
do
do
do
do
-
233.
60.
238.
62.
258.4
61. 8
260.
53.
210.6
59.8
210.4
60.9
248 0
66.3
265. 1
68.6
275.9
74.8
247.0
68.4
226.5
66.9
238.0
70.5
248.2
64. 9
265.0
67.6
276.4
63. 7
172.
12.
4.
25.
130.3
175.
12.
4.
23.
134.
196.6
13.0
4.7
25.8
153.1
206.
8.
5.3
24.0
168.8
150.8
10.6
6.8
18 2
115 2
149.5
12.1
4.2
20.8
112.3
181.7
12.7
5.4
25.4
138.2
196.5
15.7
5.6
28.8
146.4
201.1
4.8
29.2
150.0
178.6
16.2
5.2
25.9
131.3
159.6
12.8
5.8
19.6
121.4
167.5
11.8
3.9
17.5
134.4
183.4
15.6
4.4
24.9
138. 5
197.4
12.6
5.2
30.1
149.5
212.8
13.1
4.7
30.1
164.8
19,613
20,53
21,494
25, 104
19,154
18,758
20,502
21, 186
22,508
22,242
22,145
21,778
21,313 '22,605 '21,691 127,724
6,24
3,56
3,34
22
6,67
7,208
3,690
3,377
313
6,031
3,677
3,488
189
6,122
3,684
3,505
179
6,741
4,058
3,847
211
7,360
4,453
4,215
238
7,693
4,551
4,289
262
7,719
4,387
4,110
277
7,399
4,159
3,896
263
7,011
3,853
3,611
242
6,893 '7,133 '6,823 18,347
3,728 ' 3, 858 ' 3, 713 14,448
3,503 ' 3, 614 3,469
'244
225
244
17.:
RETAIL TRADE
All retail stores:
Estimated sales (unadj.), total
mil $
230
6,985
3,949
3,712
237
Furniture and appliance group .
do
Furniture, homefurnishings stores. do___
Household appliance, TV, radio
do
90
583
318
968
622
346
1,077
703
374
1,333
790
543
905
584
321
920
600
320
973
638
335
1,004
663
341
1,043
685
358
1, 112
735
377
1,098
708
390
1,111
735
376
1,088 ' 1, 182 ' 1, 180 1 1, 468
'776
696
765
392
'406
415
Lumber, building, hardware group
Lumber, bldg. materials dealers cf
Hardware stores
947
728
219
964
743
221
1,002
771
231
918
610
308
712
536
176
709
542
167
798
616
182
938
721
217
1, 047
801
246
1,129
879
250
1,109
872
237
1, 052
823
229
1,045 ' 1, 118
814
'871
231
'247
do
do
do
do
do
_do
13,367
13, 861
1,205
232
466
300
207
14, 509
1,308
254
509
343
202
17,896
2,172
471
834
572
295
13 123
1,026
208
407
234
177
12,636
927
176
375
220
156
13, 761
1,283
206
502
309
266
13, 826
1,140
204
463
262
211
14,815
1,282
240
506
303
233
14,523
1,238
254
465
302
217
14, 746
1,118
221
427
275
195
14, 767
1,209
220
463
314
212
do...
do...
do
do
do
669
1,442
4,801
681
1,506
666
1,486
5,153
4, 689
1,625
906
1,533
5, 194
4,679
1,713
671
1,436
5,018
4,558
1,566
656
1,386
4,849
4,395
1,480
680
1,485
4,891
4,406
1,585
665
1,547
4,898
4,414
1,617
713
1,650
5,248
4,739
1,708
705
1,711
5,114
4,613
1,754
707
1,796
5,484
4,971
1,820
708
1,805
5,283
4,780
1,801
'724
'696
701
1,671 ' 1, 688 ' 1, 565
5,099 '5,528 ' 5, 017
4,612
5,031 ' 4, 544
1,701 ' 1, 761 r 1, 725
2,728
1,590
248
414
510
4, 399
2,625
307
793
724
1,872
1,Q94
140
289
433
1,875
1,069
146
313
427
2,303
1,336
178
389
434
2, 310
1,366
179
361
446
2,479
1,463
173
399
485
2,491
1,481
170
395
472
2,380
1, 384
158
398
500
2,591
1, 513
195
421
489
2,550 '2,801 ' 3, 001 14,899
1, 519 ' 1, 668 ' 1,761 12,874
189
262
209
'430
400
468
475
'510
517
Estimated sales (seas, adj.), totalj.— ......do
20,558
21,019
21, 000
21,533 21, 223
21, 392
21,777
21,773
21,935
22,266
22,254 '21,383 '21,631 122,808
Durable goods stores 9
,_ do
Automotive group
do
Passenger car, other auto, dealers
do
Tire, battery, accessory dealers... _ do
6,734
3,791
3,556
235
6,831
3,935
3,685
250
6,855
3,951
3, 711
240
7,262
4, 162
3,925
237
6,939
3,894
3,646
248
7,010
4,026
3,788
238
7,218
4,126
3, 880
246
7,002
3, 885
3,645
240
7,060
3,989
3,755
234
7, 324
4,259
4, 025
234
7,541 ' 6, 496 '6,704 17,767
4,531 '3,495 3,685
4,301 ' 3, 265 3,426
230
'230
259
Furniture and appliance group
_ do
Furniture, homefurnishings stores
do
Household appliance, TV, radio
do
986
640
346
1,021
637
384
1,019
671
348
1,073
707
366
1,088
711
377
1, 095
701
394
1,080
699
381
1,108
735
373
1,107
709
398
1,094
719
375
1,067 '1,088
679
''703
388
' 385
Lumber, building, hardware group
Lumber, bldg. materials dealers c?
Hardware stores...
do
do
do
994
754
240
952
716
236
949
730
219
1,007
779
228
936
727
209
912
707
205
974
754
220
992
765
227
954
732
222
938
711
227
do
do
do
do
do
13, 824
1,186
224
463
294
205
14,188
1,250
239
482
307
222
14,145
1, 250
231
497
302
220
14,271
1,291
246
505
326
214
14,284
1,228
233
292
226
14, 382
1,272
241
504
308
219
14,559
1,295
250
502
320
223
14,771
1, 322
244
522
338
218
14,875
1,316
257
509
333
217
14, 942
1,363
269
519
351
224
Drug and proprietary stores;.. __
Eating and drinking places
Food group
._
Grocery stores
Gasoline service stations
do
do
do
do
do
677
1,506
4,973
4,512
1,638
694
1, 528
4,991
4,523
1,681
694
1, 580
5,031
4,548
1,638
666
1,593
4,991
4, 513
1,641
702
1,584
5,112
4, 605
1, 629
689
1,599
5,064
4,574
1,674
713
1,589
5,034
4,540
1,670
721
1,623
5,202
4,704
1,683
726
1,642
5,261
4,769
.1, 701
722
1,633
5,234
4,743
1, 690
734
'739*
1,600 '1,637
5, 250 ' 5, 229
4, 755
4,736
1,695 ' 1, 722
731
1, 606
5,258
4,772
1,752
General merchandise group 9 _ _ _ _ _
Department stores
Mall order houses (dept. store mdse.)
Variety stores....
Liquor stores
do
do
do
do
do
2,355
1,355
183
381
473
2,474
1,457
184
397
483
2,481
1,464
181
410
471
2,592
1, 538
197
408
482
2,489
1,467
188
404
491
2,514
1,467
192
421
486
2,589
1,543
190
420
495
2,620
1,533
200
427
503
2,686
1,580
192
443
495
2,734
1, 630
205
439
494
2,591
1,516
192
427
499
2,718
1,580
191
461
508
Durable goods stores 9
-_ do
Automotive group
do
Passenger car, other auto, dealers
do
Tire, battery, accessory dealers...— _do.__
Nondurable goods stores 9
Apparel group..
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
_...
Drug and proprietary stores....
Eating and drinking places...
Food group.. .Grocery stores
Gasoline service stations
do...
do
do
General merchandise group 9
__.do.._
Department stores
do—
Mail order houses (dept. store mdse.) .do...
Variety stores __
_ do
Liquor stores
do
Nondurable goods stores 9
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
1,195
228
456
301
209
4,344
1,554
2,267
1,320
163
371
450
3,830
3,600
4,929
4,463
1, 614
2,388
1,390
177
385
472
477
;
997
746
251
14,420 '15,472 '14,868 119,377
1,289 ' 1, 376 '1,329 12,295
234
'269
266
'547
497
528
323
'345
327
235
215
208
966
729
237
'983
'741
'242
1,108
713
395
Estimated inventories, end of year or month :f
27,071
Book value (unadjusted), totalmil. $
Durable goods stores 9
do.... 11, 472
Automotive group
__„ .
do.... 4,778
Furniture and appliance group.._.___do.... 1,861
2,264
Lumber building, hardware group... do
28,500
12,255
5,353
30,606
12,399
5,036
2,106
2,361
28,500
12,255
5,353
1,975
2,316
28,595
12,570
5,659
1,939
2,296
29,327
12,953
5,961
1,955
2,317
30,200
13,384
6,159
2,023
2,416
30,566
13,508
6, 157
2,055
2,447
30,352
13,481
6,085
2,064
2, 452
30,118
13,380
6,027
2,040
2,452
29,851 29,227
13, 112 12, 127
5,849 4,874
2,041 2,024
2,398 2,388
29, 672
12,026
4,763
2, 074
2,374
29, 988
11, 694
4,436
2,107
2, 346
5,599
3,405
3,395
4,495
2,266
16,245
3,380
3,554
4,767
8,207
3,955
3, 707
5,879
3,143
16,245
3,380
3,554
4,767
2,512
16,025
3,354
3,553
4,623
2,400
16,374
3,514
3,642
4,699
2,446
16,816
3,611
3,698
4,896
2,556
17,058
3,655
3,691
5,035
2,613
16,871
3,570
3,673
4,978
2,608
16,738
3,499
3,664
4,931
2,555
16,739
3, 482
3,619
5, 033
2,616
17 646
3,906
3,719
5,381
2, 875
18 294 18, 639
4, 017
4,053
3, 818r 3,833
5,745
5,905
3,131 3,237
Nondurable goods stores 9 - ......do
Apparel group,
_____
do
Food group
,
_.__
do.__.
General merchandise group..
__do_...
Department stores*
„___
__do
1,975
2,316
2,512
Book value (seas, adj.), total...;..
do.... 7,938 29,383 29,254 29,383 29,608
Durable goods stores 9
,
..do
1,728
2,509
2,341
12,509 12,666
Automotive group
.._.._
do
4,861
5,435 5,301 5,435 5, 494
Furniture and appliance group.
do
1,899
2,013
2,006 2,013 2,011
Lumber, building, hardware group _ _ do. _.„ 2,349 2,402 2,399
2,402 2,379
'Revised.
1 Advance estimate.
9 Includes clata not shown
n s eparatel:
eparaey?.- d"C
c o3omm
s, and paint, plumbing, and elecWcal store?
<
o
f
rri
reflect
use
of
new
seasonal
factors
and
new
adjustments
iQfiq PP™ y P«eivTes;^ *ellsi<>ns for Periods not shown here appear In the July
1963 Census report, "Monthly Retail Trade Report, Adjusted Sales, Supplement "
17, 100
3,728
3,631
5,116
2,707
!
'.
984
724
260
14, 713 14,887 14,927
1,285 '1,301 ' 1, 284
261
'259
254
504
'512
506
314
'320
297
206
210
227
2,664
1,568
198
'429
' 503
1966
11,639
15,677
15,139
1 1, 806
15,041
- .
30,737
12,098
4,706
2, 145
2,353
29,586 29,661 29,961 29,926 30,180 30,129 29, 967 30, 082 29,267 29,348
12,708 12,913 13,045 13,024 13,079 12, 924 2,762 12,867 12, 038 12, 053
5,499
5,650
5,701
5,624
5,724
5,619
5,570
5,677 4,984 4,996 —•_._ —
2, 022
2,041
2,037
2,066 2,054
2,070 2, 024
2,045 2,026
2,035
2,357 2,357
2,357
2,371 2, 399
2,377 2, 383
2,388 2,379
2,391
tRev ised seri(3S. Revi sed to t ake acco unt of t enchmai k data from thf 1962 arid 1963
Annual Surveys of Retail Trade; revisions through 1962 appear on pp. 16-19 of the Dec.
1963 SURVEY and those back to Jan. 1963 on p. 28 of the Sept. 1964 SURVEY.
*New series; for earlier periods back to Dec. 1956 see p. 32 of the Apr. 1964 SURVEY.
January 1965
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
, edition of BUSINESS STATISTICS
1962
1963
1964
1963
Monthly
average
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Estimated inventories, end of year or month§—
Continued
Book value (seas, adj.)— Continued
Nondurable goods stores 9
mil. $
Apparel group
do
Food group
do
General merchandise group
do
Department stores*. _
do
Firms with 4 or more stores:
Estimated sales (unadjusted) total
Firms with 11 or more stores :
Estimated sales (unadj ) total 9
16, 210
3, 569
3 405
4 897
2 466
16,874
3,539
3 568
5 186
2 730
16, 913
3,605
3 585
5 219
2 747
16, 874
3, 539
3 568
5 186
2 730
16, 942
3,646
3 659
5 101
2 679
16, 878
3,657
3 683
4 959
2 622
16, 748
3,593
3 680
4,923
2,564
16,916
3,630
3,665
4,999
2,557
16, 902
3,610
3 651
4 996
2,600
17, 101
3,672
3,664
5,102
2, 670
17, 205
3, 692
3,670
5 215
2, 751
17,205
3, 698
3, 709
5,117
2,734
17,215
3,681
3 730
5 112
2 730
do
5 472
5 813
6 411
8 239
5 328
5 143
5 773
5 819
6 253
6 109
6 157
6 230
6 186
r 17, 229
'3,662
-»• 3, 718
«• 5, 140
2,759
r
17, 295
3,685
3,703
5, 227
2,817
6 766
6 547
do
4 631
4 857
5 364
6 943
4 478
4 330
4 859
4 858
5 233
5 107
5 169
5 202
5 133
5 637
5 451
Apparel group 9
do
IVTen's and boys' wear stores
do
"\Vomen's apparel accessory stores
do
Shoe stores
__-_do
307
29
124
90
316
30
134
88
348
34
152
83
567
60
246
133
247
26
97
73
228
22
95
66
365
29
147
119
304
26
132
86
350
33
148
100
335
32
144
94
292
26
125
82
329
25
143
91
341
28
140
103
361
36
153
90
367
37
161
91
Drug and proprietary stores. Eating and drinking places
Furniture homefurnishings stores
137
100
40
144
104
42
143
105
52
226
107
51
140
102
32
138
100
39
148
111
45
141
111
44
152
120
47
152
131
46
153
134
44
151
138
47
154
129
45
160
127
53
155
120
54
1 585 1 843 2 995
1 137 1 850
985
321
611
295
2,081
1 974 2, 140
50
64
63
132
94
91
1 262
790
216
2,086
46
75
1 246
'763
238
1,982
47
72
1 564
968
304
1,970
52
82
1 592
1 002
281
1,975
61
96
1 696
1 074
306
2,125
69
106
1 698
1 075
304
1,981
79
115
1 605
1 003
299
2, 158
81
108
1 756
1, 089
320
2,021
75
101
1 717 1 877
1 079 1,182
305
330
1,999
2,293
77
75
104
93
2 004
1 247
>350
1, 981
68
102
do_.
do
do
General merchandise group 9
do
Dept stores excl mail order sales
do
Variety stores
.
_do_ __
Grocery stores
do_
Lumber yards •bldg materials dealers c?1 do
Tire battery accessory dealers
do
1 464
901
284
1,920
62
90
Estimated sales (seas adj ), tota!9t-
do
4,922
5,043
5,089
5,111
5,126
5,105
5 165
5, 240
5,311
5, 366
5,296
5,309
5,382
Apparel group 9
Men's and boys' wear stores
"Women's apparel accessory stores
Shoe stores
do
do
do
do
310
27
135
83
326
29
137
92
336
31
139
94
337
33
140
90
326
29
(136
98
343
31
151
91
348
34
146
95
349
32
153
91
351
33
149
96
369
33
156
103
337
33
142
92
341
33
144
90
349
32
149
100
Drug and proprietary stores
Eating and drinking places
Furniture homefurnishings stores
do
do
do
144
105
44
147
106
42
152
111
41
148
110
47
157
112
46
147
112
46
157
115
45
156
127
46
161
126
46
158
130
48
165
125
47
167
123
46
160
122
47
General merchandise group 9
do
Dept stores excl mail order sales
do
Variety s tores
do
Grocery stores
__do
Lumber yards bldg materials dealerscf do
Tire battery accessory dealers
do
1,600
993
296
2, 015
63
92
1,674
1 050
305
2,017
61
99
1,698
1 057
318
2,041
63
99
1,743
1 090
318
2,018
67
98
1,721
1, 075
319
2, 055
62
96
1, 718
1,049
329
2,030
61
96
1 768 1, 759
1 110 1 087
324
320
1 999 2, 066
67
64
100
99
1,791
1 124
329
2, 084
67
96
1,830
1,154
328
2,083
64
100
1,755
1,093
327
2,105
68
97
1,783
1,113
325
2,113
63
100
1,830
1,147
344
2,110
66
106
14, 361
6,456
7,905
7,381
6,980
15, 484
6,626
8, 858
7,826
7, 658
14, 628
6, 259
8,369
7,409
7,219
14, 123
6,083
8 040
7,126
6,997
14, 335
6,131
8 204
7,221
7,114
14,638
6, 218
8 420
7, 431
7,207
15,197
6,491
8 706
7,718
7,479
15,140
6, 647
8 493
7,594
7,546
15, 334
6,691
8 643
7,535
7,799
15, 412
6,724
8,688
7,502
7,910
All retail stores, accounts receivable, end of mo. :
Total
__mil. $__ U4,299 115,484
6, 241
6,626
Durable goods stores
do
8, 058
Nondurable goods stores
do
8 858
7,441
7,826
Charge accounts
do____
6,858
Installment accounts
do
7,658
Department stores:
Ratio of collections to accounts receivable:
Charge .accounts
percent
Installment accounts
do
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales _.
do
Installment sales
do
15, 569 '•15,662
6,833 r 6, 799
8, 736 ' 8, 863
7,555 '7,584
8,014 r 8, 078
15,725
6, 734
8, 991
7,583
8,142
48
17
49
17
50
17
49
18
49
17
48
16
50
18
48
18
48
17
51
18
50
17
48
17
49
17
50
18
50
18
43
40
17
43
39
18
43
39
18
45
38
17
43
37
20
42
39
19
43
39
18
42
40
18
43
40
17
44
38
18
45
37
18
44
38
18
43
39
18
42
40
18
43
39
18
EMPLOYMENT AND POPULATION
*
POPULATION
Population, 'U.S. (iricl. Alaska and Hawaii):
Total, incl. armed forces overseas©. _
mil.. 2 186.66 2189.38
190. 39
190. 61
190. 81
191. 01
191. 23
191. 44
191.64
191. 85
192. 07
192. 31
192.56
192. 81
193. 04
193. 25
EMPLOYMENT
Noninstitutional population, est. number 14 years
of age and over, total, unadj
mil.. 130.08
132. 12
132. 85
133. 02
133.20
133. 36
133. 52
133. 68
133.87
134. 04
134. 22
134.40
134.59
134.77
134.95
135.14
74, 681
71, 854
67, 846
5,190
62, 657
75, 712
72, 975
68, 809
4,946
63, 863
76, 000
73, 261
69, 325
4, 777
64, 548
75, 201
72, 461
68, 615
4,039
64, 576
74, 514
71, 793
67, 228
3, 993
63, 234
75,259
72, 527
68, 002
3,931
64, 071
75,553
72, 810
68, 517
4,017
64, 500
76,544
73, 799
69, 877
4,429
65, 448
77,490
74, 742
71, 101
5,007
66, 094
79, 389
76, 645
71, 953
5, 853
66, 100
78,958
76,218
72, 405
5^ 819
66, 586
78, 509
75,758
72, 104
5,400
66, 704
76,865
74,122
70, 805
5^230
65, 575
77, 112
74, 375
71, 123
5, 126
65, 997
76, 897
74, 166
70, 793
4,545
66, 248
76, 567
73, 841
70 375
3, 785
66, 590
4,007
1,119
5.6
thous.. 55, 400
4,166
1,088
5.7
56, 412
3,936
864
5.4
56, 852
3,846
928
5.3
57, 824
4,565
1,106
6.4
58, 685
4,524
1,163
6.2
58, 099
4,293
1,322
5.9
57, 965
3,921
1,237
5.3
57, 135
3,640
1,084
4 9
56,376
4,692
1,007
6. 1
54, 652
3,813
857
5. 0
55, 258
3,654
790
4.8
55,891
3,252
3,317
764
780
4.5
4 4
57, 721 . 57, 661
3,373
759
4.5
58, 055
3,466
802
4.7
58,568
Civilian labor force, seasonally adjj
do
73, 572 73, 224 73,667
Employed, total
do
69, 222 69, 205 69, 567
Agricultural employment
do
4, 903 4,890
4 936
Nonagricultural employment
do
64, 319 64, 315 64^ 631
Unemployed (all civilian workers) _
do
4,350
4,019
4,100
Long-term (15 weeks and over)
do
1,022
1,060
1, 105
Rates (percent of those in group) :
All civilian workers
5.9
55
56
Experienced wage and salary workers
5.5
5.5
5.7
5.3
5.3
'Revised.
1 End of year.
* As of July 1.
§ See note marked "f on p. S-ll.
9 Includes data not shown separately.
*New series; see corresponding note on p. S-ll.
cfComprises lumber yards, building materials dealers, and paint, plumbing, and electrical stores.
tSee note marked " J" on p. S-ll.
73, 835
69, 832
4,797
65, 035
4, 003
1,007
73, 760
69, 807
4, 600
65^ 207
3,953
1,047
74, 583
70, 559
4, 748
65' 811
4,024
927
74, 595
70/754
4 865
65^ 889
3,841
934
74,340
70^ 387
4^838
65^549
3,953
1 070
74 230
70', 591
4' 335
65^ 706
3,639
958
74,316
70,' 488
4 810
65', 678
3 827
902
74 159
70? 334
4 800
65^ 534
3, 825
929
Total labor force, incl. armed forces... ..___thous-_
Ciyilian labor force, total
...do
Employed, total.
do
Agricultural employment
do
Nonagricultural employment
-_do__._
Unemployed (all civilian workers)
Long-term (15 weeks and over)
Percent of civilian labor force.
Not in labor force
do
.do
74, 187 74, 426 74, 527
70*32 5 70^ 699 7o', 857
4,' 535
4 745
4 670
65^ 580 66^ 029 66' 322
3 670
3 862
3 727
' 945
' 931 •' 883
4
5.4
5.4
5.4
5.1
49
4.9
53
5. 1
52
5.2
5.0
'8
5.2
5.1
5.0
5'.3
4.5
4.8
4'. 8
4^9
5!o
••4! 9
©Revisions for May 1960-Nov. 1962 are available upon request.
J Revised monthly data (back to Apr. 1948) appear in the "Monthly Report on the
Labor Force," Jan. 1964, U.S. Dept. of Labor, Wash., D.C., 20210.
SURVEY OF CURRENT BUSINESS
January 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962 | 1963
Monthly
average
S-13
1964
1963
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec. »
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls (nonagriculturalestab.):!
Total unadjusted!
- - thous__ 55, 515
56,643
57, 647
58,012
56,328
56,445
56, 783
57,329
57,874
58, 596
58,418
58, 680
59,258 '59,164 '59,437
59, 827
16, 853
9,481
7,372
17,005
9,625
7,380
17,193
9, 752
7, 441
17, 096
9, 723
7,373
16, 893
9, 626
7,267
16, 937
9,634
7, 303
17, 005
9,692
7,313
17, 058
9, 756
7,302
17, 135
9,798
7,337
17,350
9,903
7,447
17,299
9, 855
7,444
17,498
9,836
7,662
17,792 '17,428 ' 17, 649
10,105 '9,806 '10,082
7, 687 ' 7, 622 ' 7, 567
17, 573
10, 080
7,493
650
82
152
298
635
80
148
289
639
81
151
286
634
80
151
289
618
80
148
285
614
81
147
282
615
81
144
282
627
83
144
283
634
84
142
285
646
78
143
297
647
78
143
297
645
80
144
292
2,902
3,906
796
271
2,983
3,914
772
272
3,121
3, 948
768
278
2,872
3,935
771
280
2, 579
3,877
751
283
2,631
3,880
749
282
2,707
3,885
751
272
2,921
3,924
758
277
3, 130
3, 952
761
278
3,308
4, 005
767
269
3,424
4,031
771
262
3, 482
4,043
770
260
3, 391
4,045
761
277
939
'204
681
608
928
'204
682
607
900
'205
682
606
902
'205
685
605
903
' 206
687
606
914
'207
695
608
928
'209
697
610
963
'212
705
616
971
'215
715
625
977
' 216
716
625
991
217
712
617
12,110
3,183
8,927
2,884
8, 327
9,425
12,725
3, 210
9,515
2,887
8,299
9, 564
11, 855
3, 172
8,683
2,882
8,233
9,391
11, 772
3,156
8, 616
2, 891
8,277
9,443
11, 862
3, 156
8,706
2, 901
8,328
9,48j3
11,919
3,161
8,758
2,919
8,453
9,508
12, 031
3,170
8,861
2,931
8,548
9,513
12, 180
3,211
8,969
2,964
8, 654
9,484
12,173
3,245
8,928
2,998
8,698
9,149
12, 201
3,266
8,935
2,998
8,676
9,135
12, 243
3,258
8,985
2, 972
8,661
9,509
56, 643 57, 101
17,005 17, 059
9, 625
9,670
274
274
587
597
390
389
602
607
1,172
1,170
57, 291
17,115
9,717
275
600
392
610
1,178
57,334
17, 131
9,725
274
597
392
609
1,183
57, 684
17, 171
9,740
271
602
394
613
1,189
57, 754 -57,827 57, 931
17,208 17, 224 17,225
9,784
9,780
9, 798
269
267
265
603
596
600
397
398
398"
613
616
613
1,190
1, 199
1,196
58, 104
17, 285
9,826
260
593
402
616
1,222
58, 256
17,344
9,890
255
599
405
618
1,246
58, 301
17,339
9,886
250
595
403
617
1,242
58, 458 '58,382 ' 58, 871
17, 449 '17,171 ' 17, 512
9, 986 ' 9, 702 '10,002
248
247
245
593
595
'591
405
' 409
407
620
'
619
'616
1,258 r 1, 253 ' 1, 271
59, 097
17,593
10, 076
246
602
411
618
1,277
Manufacturing establishments
Durable goods industries __
Nondurable goods industries
_
Mining total?
_
__
Metal mining
_
_
Coal mining
Crude petroleum and natural gas
do
do
do
do
do
do __
do___.
Contract construction
do
Transportation and public utilities 9
do
Railroad transportation
__
do
Local and Interurban passenger transit— do
Motor freight trans, and storage
do _ _
Air transportation _ _
,.
do
Telephone communication
do
Electric, gas, and sanitary services. _ _ _ _ d o _ —
, 885
'197
688
610
912
' 201
685
610
Wholesale and retail trade
.do— 11,566
Wholesale trade
_do _ . 3, 056
Retail trade
_
•.'
do..-. 8,511
Finance, insurance, and real estate.— _ _ _ do— _ 2,800
7,947
Services and miscellaneous. _ _ _ _
—do
8,890
Government
do
1 55, 515
Total, seasonally adjusted!
do
16,853
Manufacturing establishments
_ _ _ _ _ _ _ do
Durable goods industries..
_— do— 9, 481
269
Ordnance and accessories .
__
do
589
Lumber and wood products
— __do_— _
385
Furniture and
fixtures
___do
592
Stone clay, and glass products ___ do_-_.
1,166
Primary metal Industries.
do
11,803
3,119
8,685
2,873
8,230
9,199
1
651
85
143 /
295
644
84
145
288
'644
85
145
290
642
'3,376 '3,278 3 035
'4,028 ' 4, 013 4,007
755
747
'280
280
'984
217
708
'610
980
218
710
608
' 12, 341 '12,514 13,119
3,269 ' 3, 272 „ 3, 289
'9,072 ' 9, 242 9, 830
'2,961 '2,958
2,961
' 8, 676 ' 8, 604 8,575
9,710 '9,777
9,r915
Fabricated metal products _ _ _ _ _ _ _ _ _ _ _ _ do_—
Machinery
_-•
do
Electrical equipment and supplies. __do.—
1,128
1, 493
1,568
1,153
1,531
1, 557
1,166
1, 557
1,537
1, 173
1,568
1,540
1, 174
1,572
1,540
1, 183
1, 565
1,535
1,187
1,584
1, 535
1,190
1,589
1,536
1,185
1,597
1,533
1,192
1,608
1,537
1,196
1, 620
1,550
1,208
1,625
1, 546
1,223 f 1, 179
1,210
1, 643 ' 1, 644
1, 640
1,558 ' 1, 560 ' 1, 573
1, 224
1,656
1, 586
Transportation equipment..—
.do
Instruments and related products—. _do_—
Miscellaneous manufacturing ind
do— _
1,543
359
390
1, 609
365
387
1,616
366
390
1,623
367
391
1,626
367
391
1,626
368
394
1,641
368
394
1,646
368
395
1,633 N 1,628
367
369
394
399
1,632
371
398
1,632
369
399
1, 667 ' 1, 429 ' 1, 658
369
'371
'368
'402
411
'408
1,669
373
414
Nondurable goods industries. _ _ _ _
_do
Food and kindred products. _
do
Tobacco manufactures _.
do— —
Textile mill products.,.
—do
Apparel and related products.
do—
Paper and allied products...
_do
Printing, publishing, and allied lnd__do
Chemicals and allied products.-.
do
Petroleum refining and related ind_ _ _do
Rubber and misc. plastic products. __do— _
Leather and leather products. —do—
7, 372
1,762
90
902
1, 264
614
926
848
195
408
361
7,380
1,744
88
889
1, 284
620
931
865
190
418
351
7,389
1,743
92
889
1, 281
623
937
869
190
417
348
7, 398
1,742
90
890
1,286
624
942
869
190
417
348
7,406
1,743
87
891
1,291
625
943
871
189
419
v347
7,431
1, 746
88
896
1,296
627
944
872
189
424
349
7, 424
1, 738
88
897
1,290
627
946
874
188
426
350
7,426
1, 730
88
895
1, 298
629
948
871
187
427
353
7,445
1, 731
89
895
1,305
630
952
874
187
429
353
7,454
1, 719
89
894
1,309
632
955
879
187
433
357
7,453
1, 726
83
895
1,311
631
954
879
185
435
354
7, 463 ' 7, 469
7,510
7, 517
1,716
1,730
' 1, 717 1,734
82
'91
90
'90
899
'905
907
899
1, 317 ••1,319 ' 1, 327 1,332
632
634
635
634
956
'957
960
955
881
'882
884
'878
185
'185
184
187
439
437
439
433
356
'357
357
357
7,459
1,720
89
895
1,323
631
953
880
187
427
354
Mining
do
650
632
634
631
644
636
633
633
634
'640
635
633
639
639
635
638
Contract construction
do
2,902
2,941
3,132
3,122
3,093 3,106
3, 081
3,107
3,103 3,080 ' 3, 106 ' 3, 167
3,225
2,983 3,015 3,052
Transportation and public utilities
do
3,906
3,932 3,931 3,936
4,005 '3,996 '3,997
3,943 3, 940
3, 964
3,914
3, 968
4,003
3,965 3,983 3,999
Wholesale and retail trade. _._.._
_ _ d o 11,566 11,803 11,910 11,950 12,021 12, 083 12, 077 12,096 12, 135 12, 187 12, 223 12, 231 12, 229 ' 12, 278 ' 12, 307 12, 318
Finance, insurance, and real estate.
do____ 2,800
2, 911
2, 924
2,934
2,917
2,931
2,979
2,873 2, 896 2,904
2,943 2,948 2, 951 2,960 ' 2, 964 ' 2, 970
Services and miscellaneous
_ __ do
7, 947
8,401
8, 437
8,455
8,489
8,230 8,352 8,366
8,461
8,509 8,561 8,573 8,592 '8,633 ' 8, 630 8, 644
8,890
Government
do
9, 361 9,368
9,302 9,337
9,395 9,437 9, 456
9, 199
9,470 9,451 9, 471 9,509
9,691
9, 596 '9,648
Production workers on mfg. payrolls, unadjusted:!
Total, unadjusted!...
thous _ 12,488 12, 558 12, 722 12,631 12, 435 12, 482 12, 543 12, 592 12, 666 12, 847 12, 768 12,966 13, 280 '12,915 '13,142 13, 059
Seasonally adjusted
do
12,592 12, 647 12, 659 12, 692 12,731 12, 732 12,736 12,794 12,839 12, 847 12, 956 '12,661 ' 13, 009 13, 075
Durable goods industries, unadjusted. _do_— 6,936
7,030 7,147
7,121
7,029
7,041
7,095 7,160
7, 201
7,292
7,227 7,211 7,490 ' 7, 190 '7,470 7,460
Seasonally adjusted
do
7, 071 7,115
7,124
7,139
7,181 7,188
7,377 '7,089 ' 7, 391 7,455
7,174
7,271
7, 279
7, 219
Ordnance and accessories
do
118
116
117
116
117
112
111
104
104
110
104
103
103
108
106
103
Lumber and wood products—
do_—
525
527
504
522*'
536
507
534
525
506
534
560
555
519
561
556
543
320
Furniture and
fixtures
____do
323
322
330
328
344
344
341
345
323
326
334
333
328
325
'347
Stone, clay, and glass products— do.—
478 . 484
461
495
480,
474
514
519
'507
486
487
519
465
499
513
511
Primary metal industries--.
do—
937
947
933
950
946
972
1,027 ' 1, 013 ' 1, 028 1, 037
964
984
994
1, 003
1,009
1,005
Blastfurnaces, steel and rolling mills.do-...
421
424
408
418
415
434
444
452
462
470
476
474
428
466
'470
Fabricated metal products. _ _ _ _ _ _ _ _ _ do
864
884
891
908
904
892
961
911
946
898
907
927
909
931
'945
'918
Machinery
do
1,059
1,038
1, 065
1, 083
1,089X 1, 087
1,142 ' 1, 132 ' 1, 129
1,121
1,110
1,148
1,130
1, 120
1, 118
1, 118
Electrical equipment and supplies _ _ do _ 1,052
1,037
1,043
1,040
1,028
1, 013
1,022
1,068
1,017
1, 012
1, 010
1,022
1,037
1,075 ' 1, 087 1, 089
Transportation equipment 9
do
1, 061
1, 113
1,156
1,149
1, 161
1,150
1,186
1,145
1,117
1, 027
1, 217
1, 157
1, 143
1,155
'964 '1,206
Motor vehicles and equipment
do____
534
577
614
618
611
642
610
603
614
589
495
657
613
606
'427
Aircraft and parts
do
350
348
354
357
353
350
346
336
340
334
328
343
338
328
'336
334
Instruments and related products. _. .do
229
232
235
234
231
232
231
237
232
237
231
230
233
235
'234
'238
Miscellaneous mfg. in dustrles _
do
313
311
330
289
307
302
299
314
345
308
313
323
331
326
'348
'351
Nondurable goods industries, unadj
do.. __ 5,552
5,528
5,575 5,510 5,406
5, 441
5,790 ' 5, 725 '5,672
5,448
5,432
5,541
5, 599
5, 465
5,755
5,555
Seasonally adjusted _ _ _ _ _ _ _
do
5,521 5, 532
5, 535
5,553 5,550
5,562
5, 579 ' 5, 572 5, 618
5,620
5,544
5, 568
5, 568
5,575
Food and kindred products.
— _do_— 1, 178
1,161
1,175
1,088
1, 135
1, 062
1,272
1,125
1,069
1, 262
1,070
1,085
' 1, 224 ' 1, 165
1,126
1,171
Tobacco manufactures
...
do
79
76^
82
85
75
82
69
82
91
73
85
66
65
65
65
'95
Textile mill products
_ _ _ _ do—
812
796 ,801
794
787
794
797
811
807
800
' 813
798
793
808
807
811
Apparel and related products
_do— 1, 123
1,139
1, 121
1,146
1, 135
1,160
1,180
1,158
1,141
1,196 '1,189 ' 1, 196
1, 137
1,194
1,161
1,133
Paper and allied products
do___ _
486
488
491
490
484
494
483
485
490
492
501
499
488
499
498
'499
Printing, publishing, and allied ind do
594
591
598
614
603
593
598
601
602
610
'613
595
599
603
599
'610
Chemicals an d allied products
do
519
525
523
522
520
521
532
525
529
532
'527
533
534
530
533
'525
Petroleum refining and related md.I.do.—
126
120
119
117
115
110
116
116
115
117
'113
119
118
118
118
116
Petroleum refinin g___ _ _ _ _
do
101
96
94
94
94
89
94
92
92
93
92
'89
92
91
93
'91
Rubber and misc. plastic products do""""
316
322
321
326
323
344
323
324
344
325
328
326
337
345
'342
329
Leather and 1 e ather products.
do
319
309
309
304
308
317
308
307
302
304
'317
313
320
315
313
'313
Revised.
n , ITotal and components are based on unadjusted data.
time. Revisions not shown will be available in the forthcoming BLS Bulletin 1312-2,
- c ' 1 9 6 4 SURVEY, data for employment, hours, earnings, and labor
"Employment and Earnings Statistics for the United States, 1909-64," $3.50, GPO, Wash.,
r eflect
9fof mo st
^"staumte
to
Mar.
1963
benchmarks.
The
revision
affects
data
back
to
D.C., 20402.
' Corrected;figuresfor air transportation through Aug. 1964, published in
n«m ^ , ,s5rif' H^ to Apr. 1957 for total and Government employment, and, for
the Dec. 1964 SURVEY, covered common carriers only.
seasonally adjusted data, all series beginning Jan. 1953 with only minor revisions prior to that
9 Includes data for industries not shown separately.
SUEVEY OF CUERENT BUSINESS
S-14
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
| 1963
Monthly
average
January 1965
1963
Nov.
1964
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
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
2,311
230
2, 328
239
Railroad employees (class I railroads) :
Total
—
—
do— —
Index, seasonally adjusted..— 1967-59= 100—
720
279.5
714
2 77. 1
694
79.3
116.1
113.8
90.2
124.6
117. 9
90.9
40.4
40.5
2.8
40.9
2.8
41.1
2,293
239
2,291
240
2,293
241
2,304
241
2,302
241
2,314
246
2,325
249
2,326
247
2, 290
243
2,299
244
2,322
245
693
79.5
680
73.8
676
74.3
677
74.9
685
75.7
688
75.3
693
75.2
'696
75.6
695
76.0
685
76.2
*>679
v 76. 2
"76.7
128. 7
121.3
91.3
116.6
122.3
92.2
100.0
117.5
88.6
106. 7
119.2
87.6
111. 6
120.2
86.6
124.1
121. 7
90.1
136.6
123. 3
93.1
146.5
125.8
96.8
153.3
124. 1
94.8
158.8
126.4
96.7
40.9
40.7
3.1
41.6
41.3
3.3
39.8
40.2
2.7
40.6
41.1
2.9
40.3
40.7
2.7
41.0
41.3
2.8
40.4
40.6
2.8
41.0
41.2
2.9
40.5
40. 7
2.9
41. 3
41.4
3.1
40. 7
40.6
3.0
41.5
41.3
3.2
40.9
40.6
3.2
41. 7
41.4
3.4
40.7
40.6
3.0
41.3
41.3
3.1
40.9
40.8
3.3
41.5
41.5
3.5
40. 7
40.5
3.5
41.5
41.4
3.7
40.7
40.5
'3.3
'41.3
'41.2
'3.4
40.9
40.9
3.3
41.6
41.6
3.5
41.3
41.1
3.5
42.2
41.9
3.8
2,313 12,452
240
1243
INDEXES OF WEEKLY PAYROLLSf
Construction (construction workers) 1-1957-59=100-.
Manufacturing (production workers)f.___
do
Mining (production workers)t—
do
147. 8 ' 155. 6
142.8
130.9 ' 125. 4 ' 129. 6
95.6 '98.6
98.1
131. 4
HOURS AND EARNINGS t
Average weekly gross hours per production worker
on payrolls of nonagric. estab., unad justed :f
All manufacturing estab., unadj.f—
hours,.
Seasonally adjusted.
do
Average overtime
do
Durable goods industries
_ —do
Seasonally adjusted
do
Average overtime
do
2.8
2.9
40.5
40.5
3.0
41.2
41.2
3.2
Ordnance and accessories
.—do—
Lumber and wood products
do
Furniture and
fixtures
— — do
Stone, clay, and glass products
do— —
Primary metal industries.
—do
Blast furnaces , steel and rolling mills . do
41.1
39.8
40.7
40.9
40.2
39.0
41.0
40.1
40.9
41.3
41.0
40.0
40. 7
39.7
41.3
41.5
40.7
39.0
41.5
40.0
41.9
40.6
41.3
39.5
40.9
38.6
39.4
39.8
41.1
40.0
40.3
39.6
40.7
40.7
41.1
40.0
40.2
39.6
40.6
40.9
41.4
40.5
40.3
39.9
40.7
41.6
41.6
40.9
40.1
40.5
40.5
42.1
41.8
41.0
40.5
40.8
41.1
42.1
42.0
41.1
39.9
40.5
40.8
42.1
41.6
41.1
40.1
40.9
41.9
42.1
41.8
41.2
40.0
40.0
41.3
41.6
42.7
43.0
' 40. 6
'40.3
42.0
'42.1
41.5
'41.1
'40.6
'39.5
'41.9
'41.6
'41.7
41. 1
41.4
40.1
42.5
41.3
42.2
Fabricated metal products..
— — do
Machinery
—do
Electrical equipment and supplies.
do—
41.1
41.7
40.6
41.4
41.8
40.3
41. 5
41.8
40.4
41.9
42.4
40.8
40.9
4o!o
41.2
42.3
40.2
41.2
42.4
40.2
41.5
42.5
40. 3
41.8
42.6
40.3
41.9
42.8
40.5
41. 6
42.3
40.3
42.0
42.2
40.6
41.8
41.9
40.6
41.6
'41.8
40.9
42.0
'42.5
'41.0
42.3
43.0
41. 2
Transportation equipment 9
Motor vehicles and equipment
Aircraft and parts
Instruments andrelated products
Miscellaneous mfg. industries. _--_
42.0
42.7
41.8
40.9
39.7
42.1
42.8
41.5
40.8
39.6
42.8
44.3
41.4
41.0
39.8
43.1
44.8
41.5
41.1
39.9
41.5
42.2
41.1
39.9
38.4
41.5
42.2
41.0
40.5
39.5
41.4
41.8
40.9
40.4
39.7
42. 0
42.9
41.0
40.5
39.6
42.1
43.0
40.9
40.7
39.4
42.6
43.9
41.2
41.1
39.7
41.6
42.4
41.0
40.8
39.3
41.6
42.5
40.9
41.1
40.0
42.3
43.9
40.9
41.1
39.3
40.9
'41.1
41.1
41.1
40.1
42.4
43.3
' 41, 5
'41.5
'40.0
44.4
39.6
39.6
-do
—do——
—do
2.7
41.0
38.6
40.6
36.2
42.5
2.7
40.9
38.6
40.6
36. 1
42.7
39.6
39.7
2.8
41.0
39.0
41.3
35.8
42.8
39.9
39.7
2.8
41.1
39.4
41.3
35.8
43.0
38.7
39.1
2.5
40.3
36.9
40.0
33.9
42.1
39.4
39.8
2.6
40.2
35.3
40.9
36.3
42.5
39.5
39.7
2.6
40.2
37.8
40.7
36.4
42.4
39.4
39.8
2.7
40.4
39.6
40.7
36.0
42.5
39. 7
39.7
2.8
41.0
39.3
41.1
35.9
42.7
39.9
39.6
2.9
41.1
39.7
41.3
36.2
43.0
39.8
39.5
2.9
41.2
38.9
40. 8
36.3
43.0
40.1
39.7
3.1
41.2
38.9
41.3
36.7
43.3
39.6
39.4
3.2
41.4
39.3
39.9
35.0
43.1
' 40. 0
'39.9
3.1
' 41. 3
'40.8
' 41. 6
' 36. 1
43.2
'39.8
' 39. 9
3.0
41.0
'38.2
'41.8
'36.3
'42.4
40.0
39.8
3.1
41.1
40.2
41.8
36.4
42.4
Printing, publishing, and allied ind._ „ do
Chemicals and allied products
__. do
Petroleum refining and related Ind
do
Petroleum refining
do-—.
Rubber and misc. plastic products... — do—
Leather and leather products.
do
38.3
41.6
41.6
41.2
41.0
37.6
38.3
41.5
41.7
41. 4
40.8
37.5
38.2
41.5
41.5
41.5
41.0
37.3
38.9
41.7
41.4
41.5
41.7
38.9
37.8
41.1
41.3
41.4
40.5
37. 4
38.1
41.3
41.4
41.3
40.6
38.2
38.5
41.6
41.4
41.2
40.8
37.7
38.5
41.6
41,3
40.9
40.9
36.5
38.5
41.8
42.0
41.3
41.4
37.6
38.4
41.7
42.1
41.2
41.6
38.5
38.3
41.5
42.3
41.4
40.8
38.6
38.7
41.3
42.1
41.3
41.9
38.5
38.7
42.1
43.1
42.5
41.8
37.2
38.7
41.5
41.7
'40.9
41.6
' 37. 5
38.4
41.7
'41.7
'41.5
'41.4
'37.7
39.0
41. 7
41.5
41.5
41.9
38.2
41.5
41.2
38. 8
42.1
41.2
40.9
37.8
42.1
41.5
41.7
39.8
42.2
41.1
41.9
39.4
41.9
41.2
41.7
38.2
42.3
40.9
41.8
36.7
42.4
41.3
41.3
37.6
42.1
41.9
4L7
38.8
42.0
42.2
41.6
40.2
41.9
41.7
40.9
41.3
41.8
37.5
41.6
'42.4
'41.6
'40.4
'42.2
42.1
41.4
40.2
42.0
Nondurable goods Industries, unadj
Seasonally adjusted
Average overtime
Food and kindred products.
Textile mill products
Apparel and related products
Paper and allied products.
Nonmanufacturlng establishments :f
Mining9 - — —
——
Metal mining _
_
Coal mining
__•__
Crude petroleum and natural gas
—do
do
do
do—
-do
do
do
do
___do
42.0
41.8
40.0
do
do
do
—do— —
40.9
41.5
°36.9
42.0
42.4
42.1
41.2
39.7
41.6
Contract construction
do— —
General building contractors
_ —do
Heavy construction
do
Special trade contractors
— ... ..do
37.0
35.6
40.5
36.3
37.3
36.0
41.3
36.5
36.3
35.0
40.0
35.6
35.3
34.3
36.7
35.5
34.1
32.7
36.6
34.1
35.8
35.0
38.9
35.3
36.5 ' - 37.0
35.9
36.0
39.1
40.4
36.0
36.4
37.9
36.5
42.1
37.1
38.2
36. 6
42.4
37.3
38. 1
36.4
42.7
37.1
38.6
36.9
43.2
37.6
36.6
35. 3
39.9
35.9
38.4
36.9
42. 8
'37.5
36.9
35.6
40.7
36.3
Transportation and public utilities:
Local and suburban transportation
do
Motor freight transporatibn and storage-do
Telephone communication
do
Electric, gas, and sanitary services.
do—
Wholesale and retail trade§
do—
Wholesale trade
do
Retail trade § . - —
.
* do
42.6
41.5
39.9
41.0
38.7
40.6
37.9
42.1
41. 6
40.0
41.2
38.6
40.6
37.8
41.8
41.3
40.8
41.4
38.2
40.6
37.3
41.9
41.9
39.6
41.5
38.8
40.9
38.0
41. 9
40.4
39.3
41.5
38.1
40.2
37.1
41.4
41. 0
39.6
41.0
38.1
40.3
37.2
40.9
41.1
39.5^
41.0
38.1
40.5
37.1
41.9
41.5
39.3
41.0
38. 2
40.6
37. 2
42. 6
41.8
39.8
41.1
38. 3
40.7
37.3
43.0
42.1
40.0
41.0
38.7
40. 8
37. 7
42.7
42.3
40.2
4L5
39.1
40.9
38.3
42.2
42.3
40.2
41.0
39.0
40.8
38.2
41.8
42.2
41.8
41.2
38.3
40.6
37.3
42.0
' 42. 3
'40.8
' 41. 6
38.2
40.7
'37.2
41.8
41.6
41.0
41.4
38.0
40.9
36.8
Services and miscellaneous:
Hotels, tourist courts, and motels
.do
Laundries, cleaning and dyeing plantscf . do
39.1
38. 9
39.0
39.0
38. 8
38.8
38.6
38.9
38.8
38.0
39.1
38.3
39.0
38.6
38.8
38.8
38.6
39.3
38. 4
39. 0
39.3
38.7
39. 4
38.7
38.0
38.5
'38.1
39.1
37.6
38.6
Average weekly gross earnings per production
worker on payrolls of nonagric. estab. :f
All manufacturing establishments1}-.dollars- 96.56
Durable goods industries.
__ .do..— 104.70
116.31
Ordnance and accessories
do
79. 20
Lumber and wood products—
do
99.63
108. 50
119.31
81.80
100. 85
110.00
120. 47
82. 97
102. 66
111.90
123. 26
83. 20
100.30
109. 21
121. 47
80. 29
101. 15
110. 29
119. 29
82. 37
101. 40
110. 29
119,39
81.97
102.47
111. 51
120. 09
84.19
102. 97
112. 47
119. 90
86.67
103. 48
113:01.
121. 91
87.72
102. 97 103. 07
111. 92 112. 47
119. 70 121. 10
87. 89 , 89. 98
104. 60 102. 97 104. 70
114. 13 '111.51 '113.57
121. 60 '123.83 '123.83
88.00 '87.85 ' 84. 14
do— 79.37
98.57
do
119. 80
.do
81.80
102. 42
124. 64
83.43
103. 75
123.73
85.06
101. 50
126. 38
79.59
99.50
125. 77
82.62
101. 75
126. 18
82. 42
102. 25
127. 10
83.03
104. 83
128. 54
81. 81
106. 93
129. 58
83.43
107. 36
130. 20
83.23
107. 36
128.96
85.48
107. 78
130.00
85.49
86. 94 ' 86. 73 88. 40
107.33 '108.62 '107.33 106. 55
136. 21 129. 48 '130.52 132. 51
do- 104. 81
do
113.01
do— . 97.44
108.05
116. 20
99. 14
109. 56
117.88
100. 60
111. 04
120. 42
102. 41
108.39
118. 43
100. 00
109. 18
120. 56
100.90
109. 18
121.26
100. 90
111. 22
121. 98
101. 15
112.02
122. 69
101. 56
112. 29
123.26
102. 06
111.07
121. 82
101.96
112.98
121.11
102. 31
112. 86 110. 24 112. 98
120. 67 '120.38 '122.83
102. 72 103. 48 '103.73
Furniture and
fixtures...
Stone, clay, and glass products
Primary metal Industries. _ - _ _
—.
Fabricated metal products
Machinery,
Electrical equipment and supplies
0
Transportation equipment
—do.— 122. 22 126. 72 132. 68 133. 61 127.82
Instruments and related products.
do— 99.80 101. 59 102. 91 103. 57 100. 15
Miscellaneous mfg. Industries
do— 78. 61 80.39
82.99
81.59
80.26
r
Revised.
* Preliminary.
« Average for 11 months.
1
Includes Post Office employees hired for the Christmas se£ispn; thei e were a bout 144, 000
such employees in the United States in Dec. 1963.
2Bas ed on unadjusted data.
106. 55
116. 47
127. 10
86.22
114. 21
124. 70
104. 65
126. 99 126. 68 129. 36 129. 67 132. 06 128. 54 129.38 133. 67 '125.15 '133.56 142. 52
101. 66 101. 81 102. 06 102. 56 103. 98 103. 63 103. 98 104. 81 '105.22 '106.66 108.26
82.56 82.97 82.76 81. 95
82.58 81.74
81.35 ' 83. 41 ' 83. 60 84.40
82. 80
fS ee corres5 ponding note, bottom p S-13.
9Inclu des data for indu stries no t shown
sepa rately.
§Exce pt eating and driiiking pla ces.
cf BeginniE g Jan. 1964, data relate t o nonsup>ervisory workers and are not com parable
witti the pr()duction •worker levels foi• earlier periods.
SURVEY OF CUKKENT BUSINESS
January 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962 | 1963
Monthly
average
S-15
1964
1963
Nov.
Dec.
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 production
worker on payrolls of nonagric. estab.f— Con.
All manufacturing estab.t— Continued
Nondurable goods industries
_ dollars
Food and kindred products
—
do—Tobacco manufactures
—
do.—.
Textile mill products
_ —do
Apparel and related products
do
'91.94
98.40
' 74. 11
'.76.49
' 65. 70
92.80
99.46
79. 60
76. 49
65.52
111.71
114. 55
116.47
133. 88
107. 26
70. 46
112.06 111. 89 '109.82
116. 10 116. 10 114. 82
120. 41 117. 45 118. 01
140.51 '133.86 '135.11
108. 26 106. 50 '106.40
68. 45 ' 69. 00 '69.37
109. 82
117. 39
118.43
134. 88
108. 52
70.29
117.18
121.06
121.32
113.63
119. 56
121.95
131.01
112. 32
118. 53
125. 40
124. 50
113.57
'122. 11
'124. 38
'133. 72
'116.05
121. 25
124. 61
134. 67
115. 50
133. 32
122. 61
134. 83
139. 50
134. 49
122. 67
137. 92
140. 61
136. 64
125. 46
140.83
142. 13
131. 03 138. 62
121. 79 '127. 67
130. 87 142.52
137. 14 '144. 38
131.36
122. 11
130. 24
139. 03
105. 65
122. 47
104. 28
124. 12
106. 64
122. 93
104.40
123. 82
106. 75
123. 09
104. 52
125. 75
105.50
124. 79
104. 52
125. 05
104. 92 105. 42
124.07 '124. 36
109. 10 '108. 12
126.90 '128. 96
105.34
122.72
109. 47
128. 75
79. 07,
79.66
101. 91 102. 97
69. 19
69.75
102! 82
70. 50
81.33
103. 07
71.62
81.12
102. 82
71. 43
80.43 80. 22
103. 12 '103. 38
70.50 ' 70. 31
79.80
104. 30
69.55
91.' 97
75.89
91.92
76. 88
91.94
76. 50
92.15
76. 43 ' 77. 21
92.15 ' 92i 60
77.58
93. 21
48.89
55.48
49.02
56.59
48.00
56. 16
48.34
55.73
47.67
55.73
48.26 ' 49. 53 49.26
56.36
56.21 57.48
2.51
2.43
2.69
2.60
2. 53
2.44
2.70
2,61
2.53
2.44
2.71
2. 61
2.53
2.44
2.71
2.61
2.53
2.44
2.71
2.61
2,52
2.43
2.71
2.60
2.57
2.46
2.75
2.63
2. 53
2.43
2.70
2.59
2.56
2.46
' 2. 73
' 2. 62
2.58
2.47
2.76
2.64
2. 96
2.08
2.03
2. 50
3.07
3.37
2.97
2.07
2.03
2.50
3.07
3.37
2. 98
2.11
2.04
2.52
3.09
3.39
2.99
2.14
2.02
2.54
3.10
3.40
3.01
2.15
2.03
2.55
3.10
3.39
3.00
2.17
2.04
2. 55
3.10
3.38
3.02
2.20
2.04,
2.56
3.11
3.40
3.04
2.20
2.07
2.58
3.19
3.52
3.05
2.18
2.07
2.58
3.12
3.43
'3.05
'2.13
2.07
2.58
3.13
3.42
3.07
2. 15
2.08
2.58
3.14
2. 65
2.84
2.50
3.08
3.18
3.00
2.51
2.09
2.65
2.85
2.51
3.06
3.15
3.01
2.51
2.09
2.65
2.86
2., 51
3.06
3.14
3.01
2.52
2.09
2.68
2.87
2.51
3.08
3.17
3.02
2.52
2.09
2.68
2.88
2.52
3.08
3.19
3.03
2.52
2.08
2.68
2.88
2.52
3.10
3.21
3.03
2.53
2.08
2.67
2.88
2.53
3.09
3.19
3.05
2.54
2.08
2.69
2.87
2.52
3.11
3.24
3.06
2.53
2.07
2.70
2.88
2. 53
3.16
3.28
3.07
2.55
2.07
2.65
'2.88
2.53
'3. 06
'3.12
2.27
2.19
2.35
1.90
1.76
1.77
2.52
2.28
2.21
2.38
1.97
1.76
1.78
2.52
2.27
2.20
2.38
1.96
1. 76
1.78
2. 52
2.27
2.20
2.39
2.00
1.76
1. 78
2.52
2.28
2.21
2.39
L76
1.78
2.53
2.29
2.21
2.40
2.04
1.77
1.77
2.54
2.29
2.21
2.39
2.06
1. 77
1.77
2.55
2.29
2.21
2.38
2.06
1.77
1.77
2.57
2. 29
2.20
2.36
1.94
1.77
1.80
2.58
2.32
2.23
2.38
1.86
1.80
1.80
2.60
2.30
2.22
2.37
'1.81
1.82
1.80
2.59
2.91
2.75
3.19
3.36
2.50
1.79
2.93
2.77
3.21
3.37
2.51
1.79
2.93
2.77
3.20
3.35
2.50
1.79
2.94
2.76
3.18
3.34
2.49
1.80
2.95
2.75
3.17
3.33
2.49
1.81
2.96
2.75
3.17
3.33
2.50
1.82
2.97
2.78
3.17
3.34
7
2. 53
1.82
2.96
2.79
3.17
3.35
2.53
1.83
2.96
2.80
3.17
2. 96
2.82
3.18
3.36
2.56
1.83
/ 3. 00
2.86
3.26
3.45
2.59
1.84
3.00
2. 83
' 3. 21
2.76
2.88
«3.12
2.67
3.41
3.26
3.10
3.66
.2.77
2. 91
3.13
2.68
3.43
3.30
3.09
3.68
2.81
2.90
3.18
2.70
3.53
3.36
3.21
3.76
2.81
2.91
3.18
2.69
3.57
3.39
3.23
3.79
2.80
2.91
3.17
2.68
3.53
3.36
3.15
3.77
2.78
2.91
3.16
2.66
3.51
3.35
3.11
3.75
2. 80
2.93
3. 24
2.65
3.52
3.39
3.16
3.77
2.81
2.94
3.26
2.67
3.50
3.36
3. 17
3.74
2.81
2.95
3.28
2.64
3. 49
3.35
3.18
3.74
2.68
3.53
3.37
3.23
3.79
2.84
2. 96
3.30
2.70
3. 54
3. 40
3.26
3.78
2.42
2.82
2.56
2.95
2.46
2.84
2.60
2.99
2.45
2. 88
2.61
3.01
2.47
2.87
2.60
3.00
2.45
2.89
2.59
3.01
2.42
2.90
2.60
3.01
2.47
2.91
2.59
3.01
2.48
2.93
2.62
3. 02
2.48
2.92
2.61
3.02
2.50
2.91
2.60
3.03
2.03
Wholesale and retail trade§.
do....
1.94
2. 05
2.01
2.00
Wholesale trade
_
__ .
do
2.48
2.37
2.48
2.45
2.48
Retail trade§.__—
._
—do
1. 83
;
1.74
1. 84
1.80
1. 80
Services and miscellaneous:
Hotels, tourist courts, and motels
do—
1.24
1.18
1.22
1.X24
1. 24
Laundries, cleaning and dyeing plants Ado
1.34
1.30
1.33
1. 34
1.41
' Revised, p Preliminary. « Average for 11 montltis. § Ex cept eating and dirinking places,
tSee corresponding note, bottom p. S-13. 9 Includes data for industrie snot sho wn separ ately.
©Effective Jan. 1964, data exclude earnings of norloffice sa lesmen and are n ot compairable
with earlier figures.
2.06
2.50
1.85
2.06
2.50
1.85
2.07
2.51
1.86
2.08
2.53
1.87
2.08
2.52
1.87
2.08
2. 52
1.87
85.93
91.84
71. 41
68.21
61. 18
87.91
94.48
74.11
69.43
62.45
89.10
95.94
73.71
72.28
63.01
90.57
96.59
74.86
72.69
63.37
88.24,
95. 91
72. 69
70.40
60.34
89.44
95.68
69.19
71.98
64.61
89.67
96,08
75.60
71.63
64. 79
89. 83
96.56
80. 78
71.63
64. 08
90.91
98.40
80.17
72. 75
63. 54
91.37
98.23
81.78
73.10
64.07
91. 14
98.06
80.13
72. 22
64.25
91.83
97. 23
75.47
73.10
66. 06
102. 00
108.01
110. 24
126. 88
100.04
64.67
105.90
110. 69
112. 88
131. 77
100.78
66.00
107. 43
111.16
114. 13
132. 39
102. 50
66.77
108. 36
113.98
115. 51
132. 89
104. 67
69. 63
106. 09
110.75
113. 85
132.16
101. 25
66.95
107. 10
112.01
113. 99
131.65
101.09
68.76
106. 85
113. 58
114. 40
131. 24
101. 59
68.24
107. 53
113. 96
114. 40
130. 92
102. 25
66.43
108. 46
114.N35
116. 20
133. 14
104. 74
68.43
109.65
113.66
116. 34
133. 46
105. 25
70.46
110. 51
113. 37
116. 20
134. 09
103. 22
70.25
do
do
.-do
do___.
110. 43
117.45
113.06
109. 20
114. 54
118. 66
119. 98
112.41
114. 12
119. 02
118.31
112. 83
116. 62
120/93
126. 56
113. 94
115.49
121. 93
125. 29
112. 71
115. 36
121. 35
121.09
113. 36
113. 70
121. 64
115.97
112. 78
115. 64
121.01
121.82
111. 57
117. 74
122. 60
126. 49
112. 14
118. 58
122. 72
131.86
110. 62
do
—do —
do
—do— —
122. 47
112. 50
122.31
128.50
127. 19
117. 36
128.03
133. 59
124. 51
115. 50
123.60
131.01
124. 61
115. 25
117. 81
133.48
121. 74
110. 85
118. 22
129. 24
126.37
117. 60
122. 54
133.08
128. 12
120. 27
121. 60
135. 00
130. 24
122. 04
127. 66
137.23
132. 65
122. 64
133.46
138. 75
Transportation and public utilities:
Local and suburban transportation...— do— 100. 11
Motor freight transportation and storage-do... _. 113. 30
Telephone communication
— do__ — 98.95
Electric, gas, and sanitary services
do
116. 85
101. 88
117.31
102. 40
121. 54
102.83
117. 29
106. 08
123.79
102. 66
120. 67
103. 36
124.92
103. 49
115. 95
102. 18
124. 50
101. 43
118. 49
102. 56
123. 41
98.98
119. 19
102. 70
123. 41
103. 49
120. 77
101. 79
123.41
75.08
96.22
65.95
77.59
99.47
68.04
77. 55
100.69
68.26
77.60
101. 43
68. 40
78. 11'
99.70
68,26
78. 49
100. 75
68.82
78. 49
101. 25
68. 64
72. 17
93.45
74.97
96.21
75.72
96.79
76. 13
97. 60
76.70
91.29
77.46
92.06
76.47
91.49
76.30
91.55
46.14
50.57
47.58
51.87
48.11
51.99
47.86
52. 13
48.11
53.58
48.09
54.00
48.36
54.81
Average hourly gross earnings per production
worker on payrolls of nonagric. estab.:t
All manufacturing establishments!
.—dollars—
Excluding overtimed1
do
Durable goods industries 1
do—
Excluding overtimed
do
2. 39
2.31
2.56
2.48
2.46
2.37
2.64
2.54
2.49
2.40
2.67
2.57
2.51
2. 42
2.69
2.59
2.52
2.43
2.69
2. 60
2.51
2.43
2.69
2.60
Ordnance and accessories—
—do
Lumber and wood products.— ^__
do .
Furniture and fixtures - _
do
Stone, clay, and glass products
do— —
Primary metal industries
do— Blast furnaces, steel and rolling mills.do
2.83
1.99
1. 95
2.41
2.98
3.29
2.91
2.04
2.00
2.48
3.04
3.36
2.96
2.09
2.02
2.50
3.04
3.33
2.97
3] 06
3.36
2.97
2.08
2.02
2.50
3.06
3.35
Fabricated metal products..
Machinery
...
__;
Electrical equipment and supplies
Transportatlon equipment 9
Motor vehicles and equipment
Aircraft and parts
Instruments and related products
Miscellaneous mfg. industries
2.55
2.71
2.40
2.91 s
2.99
2.87
2.44
1.98
2.61
2.78
2.46
3.01
3.10
2.95
2.49
2.03
2.64
2.82
2.49
3.10
3.22
3.00
2.51
2.05
2.65
2.84
2.51
3.10
3.22
3.01
2.52
2.08
__„ do_i.—
do— —
do
do _
„ ldo_. ..
do
—do
2.17
2.09
2.24
1.85
1.68
1.69
2.40
2.22
2.15
2.31
1.92
1.71
1. 73
2.48
2.25
2.18
2.34
1. 89
1.75
1.76
2.51
Printing, publishing, and allied ind. —do
Chemicals and allied products
__ _do__ __
Petroleum refining and related Ind
do
Petroleum refining
_>
do
Rubber and misc. plastic products
do
Leather and leather products
.._ _do— ..
2. 82
2.65
3.05
3.19
2. 44
1.72
2.89
2.72
3.16
3.32
2.47
1.76
2.70
2.83
°3.09
2.60
3.31
3. 16
3.02
3. 54
2.35
2.73
2.48
2.85
Paper and allied products —
do
Printing, publishing, and allied ind-— do
Chemicals and allied products...
do
Petroleum refining and related ind
do
Rubber and misc. plastic products _— .-do
Leather and leather products _
do. _
Nonmanufacturing establishments :f
Mining 9
Metal mining
Coalmining
Crude petroleum and natural gas
Contract construction
General building contractors.—
Heavy construction
Special trade contractors
i
Wholesale and retail trade§
Wholesale trade
Retail trade§
-
.
_ - _ do_ _
do
do
Finance, Insurance, and real estate:
Banking
.
do
Insurance carriers©
_ _
~~ - —do -Services and miscellaneous:
Hotels, tourist courts, and motels
—do
Laundries, cleaning and dyeing plants Ado —
Nondurable goods Industries
Excluding overtimed1-Food and kindred products _ _ _ _ _ _
Tobacco manufactures
Textile mill products.....
Apparel and related products
Paper and allied products
Nonmanufacturing establishments:!
Mining9'_ . __ _;
_
Metal mining - Coalmining
Crude petroleum and natural gas
Contract construction
General buildin g contractors
Heavy construction
Special trade contractors
—do—
do
do_^_.
-do
do
do
do
do— —
do
do
do
do
do
do
_ do
do
Transportation and public utilities:
Local and suburban transportation.
do
Motor freight transportation and storage .do
Telephone communication. __
__ __ do—
Electric, gas and sanitary services
_ do
2;08
2.03
2.53
1.82
2.81
2.96
91.87
98. 53
73. 10
71. 82
63.00
' 92. 00
'97.88
' 73. 85
' 75. 71
' 64. 98
r 3. 09
' 2. 56
2.08
"^
2.70
2. 69
2.90
2.89
2.54
2.53
3.21
'3.15
3.24
3.10
'3.09
r
2. 57 ^ 2. 59
2. 11
'2. 09
L83
' 1. 81
'2.59
2.32
2.24
2.42
1.98
1.83
1.80
2.59
2^56
1. 84
2.99
2.83
'3.24
3.41
2.57
1.84
3.01
2.84
3. 25
3.40
2.59
1.84
2.87
3.00
3.32
2.73
3.58
3.45
3.28
3.82
2.88
2.99
3.31
2.75
3.61
' 3. 46
3.33
'3.85
2. 88
3.01
3.35
2.75
3.56
3.43
3.20
3.83
2. 50
2.95
2.60
3.05
2.51
2.94
2.61
3.08
2.51
2.94
' 2. 65
'3.10
2.52
2.95
2.67
3.11
2.08
2.52
1. 87
2.10
2.54
1.89
2.10
' 2. 54
1.89
2.10
2.55
1. 89
2.31
2.23
2.40
1.24
1.25
1.23
1. 21
1.26
1.23
1.27
1.27
1.30
1.31
1.41
1.42
1.44
1.43
1.44
1.44
1.44
1.46
1.47
1.46
c?D erived bj7 assumiiig that o^rertime h ours are]paid at tlle rate of time and one-half . AEffectivc; Jan. 1964, data relate to nonsupe rvisory ^svorkers '<.ind are ilot comj>arable v/1th the
produ ction-wo rker leve Is for ear Lier perio is.
SURVEY OF CURRENT BUSINESS
S-16
1962 | 1963
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
Monthly
average
January 1965
1964
1963
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May^.
June
Aug.
July
Sept.
Oct.
Nov.
Dec,
EMPLOYMENT. AND POPULATION—Continued
^'. HOURS AND EARNINGS— Continued
Miscellaneous wages:
Construction wages, 20 cities (ENR): §
Common labor
$ per hr__
Skilled labor
do
Farm without board or rm 1st of mo
do
Railroad wages (average class I)
do
Road-building com labor (qtrly )
:
do
LABOR CONDITIONS
Help-wanted advertising, seas, adj tj_1957-59=100~
Labor turnover in manufacturing estab.: f ^
Accession rate total mo rate per 100 employees <
Seasonally adjusted
do
New hires
do
Separation rate total
do
Seasonally adjusted
do
Quit
do
Layoff
- - do
Seasonally adjusted
do
Industrial disputes (strikes and lockouts) :
Beginning in month:
Work stoppages
number
Workers Involved
thous
In effect during month:
Work stoppages
number
Workers Involved
thous
M!an-davs idle during month
do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placements
thous
Unemployment Insurance programs:
2.946
4. 348
i 1.01
2 740
l 2. 31
3. 134
3.082
4.602
4. 525
1 05
2 823
2 785
12 38
110
3.169
4.640
3. 169
4. 644
2 803
2 764
3. 187
4.658
1.14
2 765
2.37
3. 295
4.787
3. 295
4.807
3. 300
4.812
1. 01
3. 305
4. 815
3.307
4.823
° 1. 19
2 774
3. 282
4. 769
1.13
2 775
137
3.202
4.680
3. 233
4.728
2 785
118
116
117
118
120
118
121
124
123
126
127
r 134
29
37
1.8
3.9
39
1.1
2.1
18
2 5
40
1.4
3.7
38
.8
2.3
17
37
4.0
2.2
3.5
39
1.2
1.6
18
38
3.9
2.4
3.5
3.8
1. 3
1.4
1.7
39
3.8
2.6
3.6
3.9
1.5 '
1.4
1.7
51
4. 1
4 4
5. 1
4.8
'4.0
38
2.0
4.0
39
1.2
2.0
17
34
40
2.0
3.3
39
1.1
1.6
18
280
78
223
80
132
27
210
60
225
80
220
65
300
122
1,550
1,340
467
152
1 410
336
82
977
370
100
1 010
375
125
1,130
360
100
800
560
548
493
432
443
414
478
4. 1
39
2.5
4. 1
2.4
3.9
1. 4
2.0
1.4
1.8
3 1 924 2 i 939 2 i 667
1,309
1 783
Insured unemployment weekly avg do
Percent of covered employment:^
Unadjusted
Seasonally adjusted©
Beneficiaries weekly average
thous
Benefits paid
mil $
Federal employees, insured unemployment
thous
Veterans' program (UCX):
Initial claims
__
__do __
Insured unemployment weekly avg do
Beneficiaries weekly average
do
Benefits paid
.
mil. $
Railroad program:
Applications
_._
thous
Insured unemployment, weekly avg do
Benefits paid
~
mil $
2 785
3.154
4.636
1 14
2 765
2.27
112
109
301
102
State programs:
3.139
4,611
1
1,285
1 806
4.4
4.3
1 525
223.0
1 541
231.2
2
• rl.7
vl.5
342
340
199
275
137
515
409
2,320
580
524
6,540
1,750
4.0
3.4
4.3
3.8
2.1
1.3
1.6
4.0
2.9
4.4
4.2
1.5
2.1
2.0
1.4
3.8
3.5
5.1
4.1
2.7
1.5
1.5
410
176
360
134
420
133
340
83
450
163
1,100
570
218
2,180
585
227
660
194
595
147
1,930
1, 710
1, 350
541
572
2 113 2 2 559 2 2 408 2 2 200 2 1 886
2 1 552
3.6
3.5
3.9
1.4
2
572
549
1 390
2 1 445
976
1,238
1 343
r.4
1 358
639
2
1, 218
1 232
966
2
1,397
1,185
1, 293
2. 9
2.5
3.4
943
2.6
3.4
908
3.0
3.4
969
1 136
050
1,086
1 755
1 447
36
47
4.1
43
1 127 1 524
165 0
233 0
57
4.2
1 997
319 3
53
3.9
2 015
283 8
4 9
3.8
1 887
292.6
4.2
3.8
1, 678
258.0
3.4
3.7
3.1
3.7
1,347
201.5
1, 142
183. 1
1,108
180.5
1,085
164.5
3.5
858
148.4
143. 2
32
34
39
40
38
32
27
25
26
25
24
25
- 28
50
47
6.6
29
55
52
7.6
29
48
39
5.4
39
60
52
7.6
39
73
67
10.2
29
72
71
9.6
28
67
59
8.9
27
57
64
9.7
20
46
48
7.0
25
42
42
6. 6
32
44
38
6.2
26
43
41
6.3
25
36
36
5.9
25
35
31
5.0
17
62
11. 1
13
47
8.3
11
45
6.7
12
47
86
13
53
99
7
51
88
5
45
85
13
42
7 4
5
32
5.2
16
27
4.9
38
31
4.9
12
29
5.2
12
32
5.3
5. 6
-
508
579
2
31
29
510
228
1,138
9
3.1
3.6
3 9
'1.7
1. 125
1 181
2 243
1 297
'4.2
T
1 261
937
1 848
2 395
908
>4.0
'2.8
275 ^
554
2
1 865
1 972
1 200
1 542
•Tl.8
f 3. 0
*>3.9
^2.1
*3.5
?3.5
• *1.2
*>1.7
11
33
147. 0
27
'
27
40
34
5.4
37
FINANCE
BANKING
,
Open market paper outstanding, end of mo.:
3
Bankers' acceptances
mil $ 3 2, 650 3 2, 890
6 000 3 6 747
Commercial and finance co paper total
do
3
Placed through dealers
do
2 088 s l' 928
3
3 912 3 4, 819
Placed directly (finance paper)
do
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm. :
Total, end of mo_
_ _
_ mil. $ _ 3 5, 753 » 6, 403
Farm mortgage loans:
3
Federal land banks
do
3,3 052 3 3, 310
735
Loans to cooperatives
do
1840
3
1 966 3 2 253
Other loans and discounts
do
Bank debits:
Unadjusted:
286.4
312.9
Total (344 centers)
bil. $
118. 0
129 7
ISfew York City
do
58 5
64 6
6 other leading centers?
do
Seasonally adjusted:
Total (344 centers)
—.
do
New York City
do
6 other leading centers?
do
337 other centers
do
744
170
172
998
2 890
6 747
1 928
4 819
2
7
2
5
938
765
042
723
3 056
8 119
2 079
6 040
3 102
7 737
2 038
5 699
3,102
7 920
2 039
5 881
3, 049
8 326
1,973
6,353
3,149
8 036
1, 948
6 088
3, 137
8 879
2, 006
6 873
3 127
8 879
2 070
6 809
3, 175
8 444'
2, 220
6 224
3,222
9 343
2,431
6,912
3,217
9,146
2,438
6,708
6, 366
6, 403
6,460
6, 542
6,627
6, 727
6, 813
6,940
-7, 048
7,081
7,084
7, 092
7, 057
3,291
858
2 217
3 310
840
2 253
3 333
866
2 261
3 364
849
2 330
3 406
815
2 405
3,445
786
2 496
3 481
747
2 585
3 516
757
2 667
3 551
782
2 715
3 586
787
2 707
3 620
809
2 656
3,652
924
2,516
3,680
975
2 402
296.6
116 7
63 8
357 1
151 0
74 6
360.8
153 9
73 5
294 9
121 1
60 5
342. 9
145 8
71 1
349; 9
148 2
72 8
329 6
135 3
68 6
353 6
151 2
70 9
362 9
154 5
72 9
319 4
128 3
65 8
339 0
142 4
68 0
353. 5
146. 1
72 0
333.9
136.0
66.8
312. 7
125 4
67 3
120.0
333.0
139 6
69 7
123 7
339 9
143 7
69 6
126. 6
316 1.
129 4
65 5
121 1
331.6
138 1
68 4
125 1
350. 2
146 0
72 4
131.8
327 8
135 1
67 7
125 0
334 2
140 2
67 5
126 6
354 0
151 5
71 4
131 1
338 1
140 4
68 8
128 9
351.6
149 5
•" 70 4
131 7
350 5
146 0
71.7
132.8
352.0
146.2
70.4
135.4
2
8
2
5
l"
Federal Reserve banks, condition, end of mo.;
3
Assets, total 9.
_.—.-_.__.._-.mil. $_•_ 56, 020 8 58,028
57, 848
58,028
56,389
56, 928
56, 629
57, 101
57, 158
57, 742
57, 882
57, 964
59, 421
59, 643
61, 561
62, 867
Reserve bank credit outstanding, total 9 _do____ 333,902 336,418
3 38
363
Discounts and advances,
___.._.___do
8 33,593
U.S. Government securities--—
do__— 330,820
3
3
15,696
Gold certificate reserves.;
_-__
do
15,237
35, 919
868
33,667
15, 294
36, 418
63
33, 593
15, 237
34,643
364
32, 752
15, 231
35, 274
570
33, 169
15, 185
35,314
13Q
33, 770
15, 190
35, 115
116
33, 169
15,195
36, 066
226
34, 229
15, 176
36,589
79
34,794
15, 185
36, 797
239
35,051
15,188
36,941
185
35, 164
15, 192
37,111
95
35, 350
15,190
37,900
415
35, 709
15, 185
39,302
210
36, 774
15,091
39, 930
186
37,044
15, 075
57, 848
58,028
56, 389
56, 928
56, 629
57, 101
57 158
57 742
57, 882
57 964
59, 421
59,643
61, 561
62,867
318,722 3 18,391 18 200
do
_do.___ 3317,.454 3 17,049 16,952
do.... 30,643 s 32,877 J32,290
18 391
17,049
32,877
18 120
16. 983
31, 988
18 532
17, 146
31,899
18 258
17, 060
32, 088
17 913
16,629
32, 177
18 232
16,890
32, 411
18 250
16, 973
32, 835
18 445
17, 327
33, 109
18 365
17, 055
33, 330
18 396
17, 121
33, 590
18 884
17, 883
33, 852
19 523
18, 084
34, 640
19, 456
18,086
35, 343
Liabilities, total 9
_.._
......_..»do
Deposits, total 9 ..
_
Member-bank reserve balances.—
Federal Reserve notes in circulation.
3
56,020 858,028
Ratio of gold certificate reserves to deposit and
30.3
3 29. 7
FR note liabilities combined.-. _ _ _ _ _ _ .percent. . 331.8
29;7
30.4
'Revised.
p Preliminary.
« As of Jan. 1, 1965.
1 Quarterly average.
2
Excludes persons under extended duration provisions (thous.)- 1963—Nov , 20- Dec 91964—Jan., 3; Feb., 2; Mar., 1; Apr., 32; May, 54; June, 58; July, 46; Aug., 38; Sept., 38; Oct., 32;
'Nov., 20.:.' 3 End of year.
JRevised back to 1951 to incorporate adjustments as follows: Enlargement of sample;
updated seasonal factors; new weights for component indexes based on labor force in cities
27. 5
30.2
27. 9
30.1
30.3
29.2
30.0
29.4
29. 7
29.5
28.8
covered; and shift of index base to 1957-59=100. Monthly data (1948-62) appear on p. 24 of
the Mar. 1964 SURVEY.
0Revisions back to 1959 are available.
fSee corresponding note, bottom p. S-13.
§ Wages as of Jan. 1, 1965: Common labor,
$3.307; skilled laboif, $4.823.
cflnsured unemployment as % of average covered employment in a 12-month period.
flncludes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
January 1965
1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
| 1963
End of year
.'••-.,•'
1963
Nov.
Dec.
Jan.
Feb.
Har.
;
S-17
'.;
1964 . v '
..
,
Apr.
May
June
July
Aug.
Sept.
.
Oct.
.. . •••:
Nov.
Dec.
FINANCE—Continued
BANKING— Contmraed
All member banks of Federal Reserve System,
averages of daily figures:
120,040
1
20, 746
171
20, 148
19, 753
395
304
91
20,213
19,856
357
259
98
20,273
19, 898
375
213
162
20,219
19, 886
333
255
, 78
20, 558
20, 170
388
270
118
20,663
20, 266
397
265
132
20, 564
20,151
413
334
79
20, 927
20, 506
421
331
90
21, 032 r 21, 160
20,620 20, 764
412
396
430
309
-34
103
67, 844
93, 771 104,335
69, 001 74, 513
5, 060
5,338
2,714
4,556
11,569 13, 320
57, 951 59, 227
64, 940
90,224
67, 605
4,926
1, 545
10, 739
60,276
62,565
90, 575
65, 460
5, 188
3,755
10, 810
60,930
62,532
63,959
91,232
66,813
5, 529
2,948
10,464
62,223
61, 472
91, 474
64, 312
5,300
4,997
11,218
63,100
62,664
98,717
67,206
5, 405
7, 286
11,784
63, 112
63,674
90, 754
66, 397
4,897
3,604
10,441
63, 921
62, 689
93, 372
66, 168
5, 071
4, 511
12,028
64, 440
63, 722
99, 479
68, 867
5, 224
6, 951
12,318
64, 719
64,999
94, 544
68, 627
5, 035
3, 389
11, 699
65,478
64,607 68,041
97,707 102, 579
69,515 73,658
5, 333
5,239
4,364
4, 563
12, 548 12, 540
65,670 66, 881
38.726
15, 468
93,658
38, 243
6,598
8,013
18,706
26, 010
46, 133
26,567
22, 588
19, 566
39, 053
15, 360
96, 022
38, 785
6, 903
8,887
18,936
26,975
46, 698
26,621
22, 420
20,077
39,168
15,943
94, 568
38,498
6,384
8, 064
19, 120
27, 125
45,764
25, 701
22, 104
20, 063
39,477
16,000
96, 015
39, 091
6,505
8,340
19, 320
27, 124
46,931
26,392
22, 184
20, 539
39, 873
15, 854
97, 784
39, 953
6, 796
8,558
19,533
26, 982
48, 094
27, 207
21, 955
20, 887
40, 061
16, 464
96,545
39, 882
5, 863
8, 030
19, 719
27,267
47, 818
26,928
21, 655
20, 890
40,312 40, 698
16,237 16, 407
98, 992 102, 227
40,999 42, 119
5,865
6,677
8,431
9,032
19,909 20, 008
28,372 29,156
48,005 48, 783
27, 256 27, 679
22,103 21, 979
20, 749 21, 104
253.5
157.3
60.3
35.9
256.3
160. 0
60. 0
36.3
254.5
159.7
58.4
36.4
258.: 7
161.5
60. 2
37.0
261. 7
163. 0
61.2
37.5
260.8
163. 1
59.9
37.8
20, 114
20, 746
20, 675
33
209
119,468 '20,210 19,705 20, 210 20, 248
Required
——
do
1572
Excess
—
do
'536
409
536
427
1
327
Borrowings from Federal Reserve banks— -do— 1304
327
376
256
1
1268
209
Weekly reporting member banks of Tied. Res. System,
condition, Wed. nearest end of yr. or mo.:
Deposits:
' • • . , * 65, 843 67,844
63, 950
Demand, adjusted c?
— ~mll..$__
Individuals, partnerships, and.corp..— do
States and political subdivisions do.
Domestic commercial banks. — — ~ do—
Time total 9
--- ' —
do •_
Individuals, partnerships, arid corp.:
102,109 104,335
71, 531 74,513
5,125
5,338
4,749
4,556
14,321 13,320
50,386 59, 227
95,811
66, 659
5,349
5,130
12, 192
61, 446
21, 615
21,201
414
243
171
34,920
9,221
82,947
35, 351
5,928
7,365
15, 519
22, 812
48, 147
32, 369
24,514
15, 778
38,083
13,310
92, 901
38, 793
6, 621
8, 595
17,880
23, 809
48, 404
29,018
23,127
19, 386
37, 699
1.2, 796
88,578
37,254
5,852
7, 226
17, 846
24, 874
46, 720
27, 926
23, 328
18, 794
38, 083
13,310
92, 901
38,793
6,621
8,595
17, 880
23, 809
48,404
29,018
23, 127
19,386
38, 131
14,057
89, 122
37, 195
5, 929
7,339
17,991
24, 606
46, 746
27, 759
22,362
18, 987
38, 291
14,390
89, 875
37, 590
5,695
7,511
18, 161
24, 664
46,972
27, 591
23, 260
19, 381
38, 704
14,418
92,002
38, 308
6,033
8,179
18,366
46,371
26, 870
22, 680
19,501
38,437
14, 950
92, 208
38,057
5,952
7,881
18, 520
26,029
46,472
26, 713
22, 752
19, 759
228.3
133. 9
65.2
29.2
246.5
149. 4
62.1
35.0
244.2
148.4
61. 4
34.4
246. 5
149.4
62.1
35.0
246. 7
151.0
60. 8
34.9
248.4
151.8
61.2
35.4
251. 4
153.9
62.1
35.4
251.8
155.4
60.8
35.6
2 5. 00
2 4. 78
2 5. 01
25.32
25.01
2 4. 79
2 5. 01
25.30
3.00
34.05
35.56
3.50
34.26
35.50
3. 50
4. 51
5.50
3.50
4.53
5.50
3.50
4.54
5.50
3.50
4.62
5.50
3.50
4.63
5.50
3.50
4.70
5.50
3. 50
4.73
5. 50
3r50
4.74
5.50
3.50
4.74
5.50
3.50
4.74
5.50
3.50
4.75
5.50
3. 50
4.74
5.50
4.00
4.76
5.50
8 5. 84
35.98
5.82
5.97
5.80
5.98
5.83
5.98
5.81
• ' 5. 95
5.79
5. 94
5.79
5. 92
5.77
5.92
5.76
5.89
5.76
5.93
5.77
5.90
5.77
5.93
5.75
5.91
5.75"
5. 94
33.01
3 3. 26
33.07
34.50
33.36
33.55
83.40
34.50
3.71
3.88
3.75
4.50
3.63
3. 96
3.84
4.50
3.70
3.97
3.82
4.50
3.75
3.88
3.76
4.50
3.75
4. 00
3.83
4.50
3.80
3.91
3.80
4.50
3.75
3.89
3.76
4. 50
3.75
4.00
3.88
4.50
3.75
3.96
3.81
4.50
3.75
3.88
3.76
4.50
3.75
3.89
3.75
4.50
3.75
4.00
3.91
4. 50
3.79
4.02
'3.89
4.50
4.00
4. 17
3.98
4.50
32.778
33.57
33. 157
33.72
3. 522
3.97
3. 523
4.04
3.529
4.06
3.532
4. 02
3. 553
4.15
3.484
4.18
3.482
4.07
3.478
4.03
3.479
3.99
3.506
3.99
3.527
4.03
3. 575
4.04
3.624
4.04
3.856
4.07
Savings deposits, balance to credit of depositors:
25, 693 25, 940 26, 089 26, 411 26,421 26, 585 26,900 27, 051 27, 272
N. Y. State savings banks, end of yr .or mo_.mi.l. $__ 23,917 25, 693 25, 368
411
407
415
430
452
447
436
421
425
456
452
539
27, 606
403
27, 713
397
27, 893
393
28, 260
390
Loans (adjusted), total c? do— —
Commercial and industrial
______do____
For purchasing or carrying securities— do—
To nonbank financial institutions
do__ _
Real estate loans
• _ _ _ _ — _ — do
U S Government obligations, total
do
Other securities
___do
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas.adjustedrt
Total loans and investments©
bil. $__
;
LoansO
do
U S Government securities
- do__
Money and interest rates: §
Bank rates on short-term business loans:
In 19 cities. _ _ _ _ —
— — .percentNew York City
_ _ _ — — _ — do
7 other northern and eastern cities....— do
\ 11 southern and western cities
.„__ __ do__ ._
Discount rate, end of year or month (N.Y.F.R.
Bank)
„ ; percent—
Fpdpral intermediate credit bank loans
do
5. 00
4.76
4.99
4.77
5.02
5.29
5.29
264.9
165.2
61.3
38.4
4 98
4.72
5.01
5.31
4.99
4.74
5.03
5.29
266.0
166.7
60. 9
38.4
5.00
4.77
5.03
5.31
4,00
Home mortgage rates (conventional 1st mortNewghome purchase (U.S. avg.)— --- percentOpen market rates, New York City:
Bankers' acceptances (prime, 90 days) . _ .do
Commercial paper (prime. 4-6 months) _ .do
Finance Co. paper placed directly, 3-6mo__do_— _
Stock Exchange call loans, going rate „ do__
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue). ...percent..
CONSUMER CREDIT £
(Short- and Intermediate- term)
Total outstanding, end of year or month
Other consumer goods paper..
—do
Repair and modernization loans — _,.
do
By type of holder:
Financial institutions, totaL.—
-do
Sales finance companies—-—
do
Credit unions
do
Consumer finance companfes. — _._— do__._
Other
• — do... •
Retail outlets total
— — - —do..
Department stores——..—
do....
Furniture stores
do
Automobile dealers._do____
Other
—
— do—
Noninstallment credit, total-.— — do____
Single-payment loans, total
do.--,.
Commercial banks
—
--— — do—
Hi-Vior finannial 1n«t1 till.Inns
48,034
19, 540
12,605
3,246
12,643
69, 890
53,745
22, 199
13, 766
3,389
14, 391
67,746
52, 695
22, 107
13, 046
3,407
14,135
69,890
53,745
22,199
13,766
3,389
14, 391
69, 203
53, 597
22, 189
13,638
3,354
14,416
68, 786
53, 552
22, 271
13, 467
3,335
14,479
68,913
53, 795
22, 471
13, 451
3,321
14,552
69,816
54,382
22, 830
13, 476
3,328
14, 748
70,945
55,120
23, 255
13,599
3,364
14,902
71,907
55,914
23, 702
13, 730
3,395
15,087
72,456
56,496
24, 024
13, 813
3,426
15,233
73, 069
57,055
24, 251
13, 923
3, 466
15, 415
,73, 495
57,446
24,295
14, 046
3, 493
15, 612
73, 928
57, 826
24. 423
14,222
3, 509
15, 672
74,371
58, 085
24, 367
14, 431
3,516
15,771
41, 782
19,005
12, 194
4, 902
4, 131
1,550
6, 252
3, 013
1, 073
345
1, 821
15, 130
5, 456
4,690
7fifi
46,992
21, 610
13,523
5,622
4,590
1,647
6, 753
3,427
1, 086
328
1,912
16,145
5,959
5,047
912
46, 462
21, 486
13,302
5,569
4,461
1, 644
6, 233
3,172
1,032
326
1,703
15, 051
5,894
4,987
907
46, 992
21, 610
13, 523
5, 622
4,590
1, 647
6,753
3,427
1,086
328
1,912
16, 145
5, 959
5,047
912
47,300
21,630
13,840
5,584
4,592
1,654
6, 297
3, 063
1, 065
328
1,841
15, 606
5,900
4,991
909
47,454
21, 799
13, 788
5,607
4,595
1, 665
6,098
2,949
1,047
330
1,772
15,234
5,958
5,036
922
47,653
21,919
13, 802
5,668
4,597
1,667
6,142
3,044
1,022
334
1,742
15, 118
6,002
5, 076
926
48, 191
22, 224
13, 893
5, 776
4,628
1,670
6,191
3, 106
],013
340
1, 732
15,434
6, 048
5, 152
896
48,824*
22,559
14,027
5,,889
4,657
1,692
6,296
3,182
1,020
348
1,746
15,825
6,206
5,230
976
49, 543
22,907
14,228
6,014
4,701
1,693
6,371
3,231
1,028
355
1,757
15,993
6,233
5,313
920
50,082
23, 176
14, 359
6,109
4,748
1,690
6, 414
3, 267
1,037
360
1,750
15, 960
6,218
5,329
889
50, 583
23, 389
14,475
6,204
4, 797
1,718
6,472
3,332
1, 044
363
1,733
16, 014
6,299
5,335
964
50, 937
23, 527
14, 553
6, 283
4, 845
1,729
6,509
3,371
1, 048
365
1,725
16, 049
6, 354
5,361
993
51,220
23, 663
14,625
6,334
4,870
1, 728
6,606
3,444
1, 062
367
1,733
16,102
6,333
5,361
972
51, 341
23, 680
14,622
6,378
4, 919
1,742
6,744
3,541
1,088
367
1, 748
16,286
6, 412
5,377
1. 035
mil. $_. 63, 164
rfo
1••Revised.
Average for Dec. 2 Quarterly average. 3 Monthly average.
cf For demand deposits, the term "adjusted" denotes demand deposits other than domestic commercial interbank and U.S. Government, less cash items in process of collection;
for loans, exclusive of loans to domestic commercial banks and after deduction of valuation
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
9 Includes data not shown separately.
JData have been revised as follows: Commercial bank credit (seas. adj. only), back to 1948; consumer credit—unadj., back to 1962;
760-045 O - 65 - 5
seas, adj., back to 1960. Revisions are available as follows: Commercial bank credit—
1948-63, in the June 1964 Fed. Res. Bulletin; consumer credit—1962 unadj., in the Nov. 1963
Fed. Res. Bulletin; 1960-62 seas, adj., on p. 28 of the June 1964 SURVEY.
©Adjusted to
exclude interbank loans.
§ For bond yields, see p. S-20.
*New series (FHLBB); data prior to Dec. 1962 not available.
HData 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).
SUKVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
Monthly
average
1964
1963
Nov.
January 1965
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FINANCE—Continued
CONSUMER CREDITt— Continued
Total outstanding, end of year or month— Con.
Noninstallment credit— Continued
Charge accounts total
mil. $
Department stores
do
Other retail outlets
:_'
do
Credit cards
do
_
Service credit
'
- _do__
Installment credit extended and repaid:
Unadjusted:
Extended total
- ----do ..
Automobile paper
do
Other consumer goods paper
do
\ All other
do __
Repaid total
do
Automobile paper
__do
Other consumer goods paper
do____
All other
do _
Seasonally adjusted:
Automobile paper
Other consumer goods paper
All other
Repaid total
Automobile paper
, other consumer goods paper
All other
5,684
927
4,252
505
3,990
5,871
895
4, 456
520
4,315
4,999
667
3,817
515
4,158
5,871
895
4,456
520
4,315
5,339
782
4,014
543
4, 367
4,805
655
3,590
560
4,471
4,634
614
3, 485
535
4,482
4,833
610
3, 667
556
4,553
5,099
626
3,910
563
4,520
5, 238
610
4, 028
600
4,522
5,240
576
4, 008 '
656
4,502
5,231
588
3, 960
683
4,484
5,223
624
3,928
671
4,472
5, 352
660
4,055
637
4, 417
5, 394
703
4, 065
626
4, 480
4,594
1, 650
1,307
'1,637
4,218
1,456
1, 245
1,517
5.068
1,834
1,417
1, 817
4,593
1,613
1,320
1,659
4,981
1,734
1,517
1,730
4,543
1,598
1,316
1,629
5,974
1,767
2,094
2, 113
4, 924
1,675
1,374
1,875
4,784
1,689
1,380
1,715
4,932
1,699
1, 508
1,725
4,552
1,686
1,212
1,654
4,597
1,604
1,383
1,610
5,322
1, 983
1, 488
1,851
5,079
1, 783
1,504
1,792
5, 578
2,127
1,495
1,956
4,991
1,768
1,470
1,753
5,584
2,137
1,547
1, 900
4,846
1,712
1, 424
1, 710
5,949
2,245
1,632
2, 072
5,155
1, 798
1,501
1, 856
5, 747
2,166
1,543
2, 038
5, 165
1,844
1, 460
1,861
5, 519
1,984
1,540
1,995
4, 960
1,757
1,430
1,773
5,393
1, 830
1, 592
1, 971
5,002
1, 786
1,469
1, 747
5,552
1,999
1,657
c
1, 896
5,172
1.871
1,481
1, 820
5,323
1,727
1,672
1,924
5,064
1,783
1,463
1, 818
4,979
1,792
1,432
1,755
4,596
1,638
1,324
1, 634
5,2721,914
1,523
1, 835
4,812
1,707
1,384
1,721
5,276
1,888
1,493
1,895
4,848
1,684
1,441
1,723
5, 421
1, 953
1,578
1,890
4,842
1,716
1,395
1,731
5,480
1,942
1,665
1,873
4,956
1,735
1,468
1,753
5,371
1, 961
1,544
1, 866
4,959
1,759
1, 453
1,747
5,552
2, 023
1,589
1,940
5,059
1,776
1,483
1,800
5, 399
1, 962
1, 537
1,900
5,029
1,768
1, 486
1,775
5,541
1,996
1,546
1, 999
5,058
1,781
1,448
1, 829
5,529
2,017
1,570
1,942
5,094
1, 789
1,496
. 1, 809
5, 617
2,024
1,588
2, 005
5,104
1,802
1,491
1,811
5, 507
1,924
^1,582
2, 001
5,097
1, 788
1,456
1, 853
5, 456
1,858
1,631
1, 967
5,155
1,818
1, 509
1,828
10, 503
6,628
10, 069
9,848
433 -3, 219
11,525
9, 393
2,132
10, 652 ' 14, 376 4, 745
9,533 ' 10, 502 10,217
1,119 ' 3, 874 -5,472
10, 552
11, 218
-666
11, 739
4, 344
9, 700 10, 512
2,039 -6, 168
9,716
9,281
436
do
do
do
do
do
do
do
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public:^
Receipts from
.
mil. $__
Payments to
do____
Excess of receipts, or payments (— )
do
Seasonally adjusted quarterly totals: §
Receipts
_
.—
----do
Payments
do
1
Excess of receipts, or payments (—).
.do
Budget receipts and expenditures:
Receipts, totaldo
Receipt^ netf
do
Customs
___do
Individual Income taxes
_
do....
Corporation Income taxes.
do
Employment taxes
do___.
Other internal revenue and receipts. _ _ . _ _ d o _ _ _ _
Expenditures, totaH
---do
i
8,850
9, 323
-472
9,381
9, 763
-382
9,617
9,812
-194
8, 334
12, 168
9,390 10,163
2, 778 -1,829
8,983
7,059
103
4,340
1, 821
1,108
1, 612
7,659
796
442
4,425
2,052
9,523
7,293
105
4,525
1,897
1,346
1,650
7,849
852
439
4,414
2, 189
8,911
7,131
106
5,541
396
1,440
1,428
7,784
863
454
4,081
2,386
10,379
8, 803
103
3, 582
3,726
1,147
1,820
8,289
903
455
4,515
2,442
6,580
5,853
101
3,873
583
404
1,619
8,492
925
481
4,348
2,819
12, 235
8, 047
87
6,975
451
2,835
1,887
7,521
880
450
4,365
1,946
13, 961
10, 148
108
3, 991
6,654
1,579
1, 629
7,871
^907
455
4,378
2, 143
9,559
6,609
109
5,895
684
1,106
1,765
7,930
895
415
4, 564
2,071
10, 525
6,136
100
5, 398
491
2,864
1,672
7,511
899
449
4,666
1, 523
bil. $_. 303.47
Interest bearing, total.
_
do __ 1299.21
1255.78
Public issues
do
111.99
Held by U.S. Go vt. in vestment accts. do
i 43. 43
Special issues
do__
14.26
Noninterest bearing
do
Guaranteed obligations not owned by U.S. Treasi . 52
ury, end of month
bil. $__
U.S. savings bonds:
i 47. 87
Amount outstanding, end of month.. _do.
.36
Sales series E and H
do
.47
Redemptions
do
1309.35
308. 22
309. 35
308. 58
310. 36
309. 59
307.60
311. 53
1305.21
1261.56
i 14. 14
i 43. 66
i 4. 13
304. 09
260. 54
14.01
43. 55
4.12
305. 21
261. 56
14.14
43.66
4.13
304. 50
262. 58
14.44
41.92
4.08
306. 13
263. 25
14.39
42.88
4.22
305. 40
262. 18
14.23
43.22
4.18
303. 38
261. 38
13.93
42.00
4.22
307. 21
262. 18
14. 16
45.03
4.32
Veterans' services and benefits
National defense.. _ _ _ _ _ _
All other expenditures
Public debt and guaranteed obligations:
Gross debt (direct), end of mo., total..
do
__do___.
do
28, 162
30, 645
-2, 483
' 28, 515
'29,548
-1,033
29, 668
30,491
-823
28, 976
29, 962
-986
11, 766
4, 275
10, 072
3,398
126
122
1,423
4,924
572
3,950
479
1, 148
1, 676
1,621
8, 329
8, 450
923
927
467
489
4, 198 '4,233
2,842 ' 2, 716
'14,531
5,131
' 12, 401 3,487
117
120
' 4, 873 1,549
6, 196
646
1,460
624
'1,884
2,192
' 9, 527 7,410
'941
957
442
'496
' 5, 713 3,542
2,946
' 2, 424
9,662
6,653
112
4,967
419
2,338
1,826
8,083
913
479
3,784
2, 991
311.71
3il. 18
314. 09
315. 61
315.64
318. 49
317. 94
307. 36
260. 73
14.34
46.63
4.36
306. 86
261. 12
14.02
45.74
4. 33
309.62
262. 18
14. 20
47.44
4.46
311. 12
263. 76
14.30
47.37
4.49
311. 22
264. 96
14.10
46. 26
4.42
314.02
267. 36
14.33
46.66
4.46
313.55
267. 48..
8,972
7,037
124
5,068
449
1,491
1,840
7,051
917
^66
3,998
1,779
46.08
4.39
.82
.80
.80
.81
.85
. 89
.82
.83
.81
49.26
.40
.48
49. 30
.38
.45
49.37
.37
.41
49.44
.38
.45
49.50
.39
.47
49.57
.36
.41
49.63
.36
.43
49. 70
.37
.41
49. 81
.35
.36
49.89
.37
.43
142.53
143. 07
143. 68
144. 31
144. 96
145. 82
146. 48
147. 17
147. 98
66.63
5.78
3.86
16.44
3.42
31.41
66.79
5.80
3.86
16.42
3.42
31.46
66.76
5.73
3.85
16. 44
3.41
31.51
66. 91
5.69
3.85
16. 43
3.41
31.64
67. 11
5.73
3.83
16. 47
3.40
31.76
67.12
5.63
3. 82
16.47
3.39
31.90
67.69
5.76
3.81
16.51
3.41
32.18
67.74
, 5.76
3.82
16.49
3.41
32.22
67.82
5.79
3.85
16. 44
3.40
32.31
68.04
5.77
3. ,87
16. 35
3. 38
32. 62
5. 74
i 6. 30
5.68
5.58
2.35
12.18
2.31
Preferred (U.S.)..__
_
do
2.34
3.29
i 4. 03
3.25
3.18
Common ( U S )
do
50.83
49. 81
146.90
50.54
Mortgage loans, total
do
47.01
143.50
46.06
46.75
Nonfarm
do
4.37
14.11
4.37
Real estate
do
4.35
6.73
6.65
Policy loans and premium notes
do
i 6. 23
6.69
1.28
1.32
Cash
_
do
1 1. 46
1.44
6.29
6.11
Other assets—
do
14.57
6.10
Payments to policyholders and beneficiaries in
777.1 835. 7
731. 3 1,083.0 885.8
U.S., total __
mil $
323.2
400.3
Death payments..
do
350.7
307.5
369.7
73**
78.7
59. 5
67.4
67.4
Matured endowments. .-..__
do
11. 8
12.6
12.9
11.5
14.8
Disability payments
do
Annuity payments
do
93.2
69.8
71.9
75.1
74.4
Surrender values
__
do
147.7
151.5
163.5
149.1
127.1
Policy dividends
do
165. 0
149.5
145.9
387.5
180.4
r
Revised.
* Preliminary.
« Corrected.
i End of year; as sets of life insitrance
companies are annual statement values.
JSee si tnilar no te on p. S-17.
Bother than
borrowing.
§Revisions available upon request are as' follows : Net cash trans£ictions w ith the imblic
(seas, adj.), 1962-lst qtr. 1963; assets all life insura nee cos., Jan.-Se pt. 1963.
5.77
2.35
3.32
51.13
47.27
4.38
6.77
1.27
6.43
5.85
2.36
3.39
51.44
47.52
4.39
6.82
1.28
6.53
5. 90
2.37
3.43
51. 81
47.82
4.40
6.87
1.17
6.61
5. 94
2.39
3.44
52. 12
48. 08
4. 42
6.91
.1.18
6.64
6.02
2.42
3.49
52. 47
48.38
4.44
6.96
1.26
6.71
6.06
2.48
3.47
52. 83
48.71
4.45
6.95
1.25
6.60
6.13
2.53
3.49
53.17
49.01
4.46
6.99
1.35
6.64
6.20
2.54
3.55
53.56
49.37
4.49,
7.02
1.28
6.80
6.24
2. 55
3.58
53.98
49.76
4.50
7.06
1.28
6.88
1.74
.72
.74
.76
i 49. 03
.40
.42
48.93
.33
.34
49.03
.36
.39
49.11
.47
.53
1133.29
140.21
140. 90
141. 87
i 63. 72
16.17
14.03
1 16. 51
13.48
i 28. 64
66.36
5.79
3.89
16. 48
3.45
30.98
66.10
5.76
3.88
16.43
3.43
30.94
.79
49.21
.41
. 43
.82 -
LIFE INSURANCE
Institute of Life-insurance:
Assets, total, all U.S. life insurance companies §
bil. $__
Bonds (book value), domestic and foreign,
total
bil $
U S Government
do
State county municipal (U S )
do
Public utility ( U S )
do
Railroad ( U S )
do
Industrial and miscellaneous (U.S.)
do____
Stocks (book value), domestic and foreign, total
885.5
386. 5
75.5
13.7
79.6
158. 5
171.7
830.2
882.3
840.7
917.4
857. 8
356.9
370.4
355. 9
372.9
377.7
73. 5
66.5
72.0
69.1
78. 1
12.1
13.7
13.7
11.9
14.4
77.1
82.8
75.0
79.5
.77.1
149.6
143.4
147. 8
150.5
165.7
195. 5
202. 0
173. 1 185. 7
164.8
ata for n 3t receipt s and to tal expen ditures r efleet ex elusion o f
actioiis.
838.2
364.6
72.1
12.1
77.4
146.6
165.4
ID
938.0
397.6
81.3
13.8
82.5
167.3
195.5
898.8
375. 3
77.5
12.4
78.2
143.8
211.6
certain Interfund trans-
SURVEY OF CUEEENT BUSINESS
January 1965
1962 | 1963
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
Monthly
average
S-19
1964
1963
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
9,691
6,175
1,182
Dec.
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) : t
Value estimated total
mil $
Ordinary.
...___do__.
Group and wholesale
_do._.
Industrial
do
7,455
5,284
1, 574
596
7,537
5,548
1,388
601
9,281
6, 096
2,651
534
6, 932
5,070
1,350
512
7,563
5, 336
1,609
618
8,553
6,124
1,798
631
9,090
6,308
2,174
608
7,987
5, 913
1, 427
647
8,917
6,155
2, 140
622
7,695
5,836
i, 286
573
7,791
5, 543
8,000
5,578
605
588
8, 283
6,135
I ci 7
631
1 052 1 134
1,075
1 376
1,175
1,153
1,195
1 164
1, 144
1,183
1,188
6,631
4,686
1, 358
587
Premiums collected :t
Total life insurance premiums
do
Ordinary
do
Group and wholesale
_..—.. ....do....
Industrial...
do
778
155
847
169
120
117
817
152
946
209
892
176
875
166
884
176
861
175
107
103
108
908
180
1 QQ4.
1,163
1,126
1, 182
890
191
893
188
188
108
184
101
180
107
15, 461
31
56, 453
2 991
868
1H7
840
895
649
890
180
111
221
107
23
28,416
2,094
15, 513
94
28,142
2,489
15, 512
55
56,294
2,404
15,462
15
84,438
2,011
15,461
109
28,334
2,357
15,462
49
56, 307
1,813
15, 463
—21
28, 155
15,461
—48
4
2,379
15,462
43
28, 146
n noo
15, 460
11
0
1 799
15,463
3
28, 230
2 302
112. 5
80.0
11.6
81.6
•11.7
78.6
10.8
78.7
10.7
79.9
9.8
84.9
10.3
82.3
11.6
83.4
10.7
85,4
10.8
86.9
11.3
87.2
11.3
88.2
10.9
11.5
1, 262
6,208
1. 084
3,480
5,910
1. 279
11, 439
4,658
1.293
3,780
6,433
1.293
5,230
6,638
1.293
7,010
6,189
1.293
4,623
6,007
1.293
11,310
3, 097
1.293
3,883
7,168
1.293
4,672
5, 010
1.293
6, 341
6,707
1.293
6,466
5,184
1.293
13,388
3,400
1.293
33, 949
5,703
1.293
2 556
3,437
* 3, 029
2 487
3, 286
3,843
2 890
3,489
3,682
2 263
3,373
3,593
2 550
3,321
3,000
1 986
3, 924
4,150
2 224
3, 049
3,776
2 372
3,444
3,996
2 673
2, 839
3,974
2 708
3,579
4,879
»-2 434
3,672
3,603
2,797
3,268
3,787
2,635
3,784
4,200
3,141
j 35 3
i 37 7
37 2
37 7
36 2
36.3
36 8
36 9
37 2
37 7
37 8
38.0
38.2
38 4
39 2
5 146. 2 - «6150. 6
»30.1
31. 5
« 116. 1 5 119. 0
e 105. 5
'•91.1
5
5. 9
55.9
154.8
32.6
122.1
110.2
4.4
157.2
33.1
124.1
111.0
5.2
157.8
32.4
125.4
113.2
4.2
153.8
32.3
121.5
114.6
4.8
152.9
32.6
120. 3
115.7
6.1
155.0
32.7
122.3
116.7
4.2
153.6
152.4
33.3
33.0
120.3
119.4
119.2
118.1
6.9 ,
7.8
155.2
33.7
121. 5
120.1
7.0
155.1
33.8
121.3
121.1
6.4
156.9
33.8
123.1
122. 0
6.6
158.8
'34.0
124.8
123.3
5.6
160.4
34. 5
125.9
124.1
5.8
163. 6
34.9
128.7
125. 0
5.5
153.5
32.3
121.2
111.1
153. 2
32.4
120.7
112.3
153.8
32.6
121.2
113. 9
153.8
32.7
121.1
115.1
154.2
32.9
121.3
115. 7
154. 5
33.0
121.5
116.4
154.5
33.3
121.3
117.4
155. 6
33.4
122.1
118. 5
156.7
33. 5
123.3
119.4
157. 2
33.7
123.5
120.6
158.0
33.8
124. 2
121.7
158.6
33.9
124.7
123.1
159.1
34.2
124.9
125.1
159.4
34.2
125.2
126.5
43.6
80. 7
46.0
29.0
46.3
89.0
47.5
29.8
47.1
92.1
47.8
30.6
44.8
86.2
45.4
29. 5
46.7
91.6
46.9
30.1
49.1
95.5
49.3
31.6
46.8
90.9
47.6
30.4
47.5
94.5
47.1
30.5
49.6
100.2
49.1
31.2
47.1
92.8
47.1
30.6
47.7
97.0
47.7
30.7
47 9
94.2
48. 0
31.1
47.4
92.9
46.4
31.5
105
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end ofyr. ormo.)_mil. $.^ 116,978 U5, 513 15, 582
Exports
Imports
_
66
.thous. $__ 31,747
12,
578
do
——
South Africa
Canada
United States
Silver:
Exports
Imports
Price at New York
Production:
do
do
do
thous $
do
_dol. per fine oz
IVtexlco
'
United States
do
do
Money supply and related data (avg. of daily fig.) : J
Unadjusted for seas, variation:
Total money supply
bll $
Currency outside banks
_ - do
Demand deposits
do
Time deposits adjusted!
do
U.S. Government deposits.— .._._. .......do..,..
2107.9
74.4
12.1
4.5
3
—21
16,982
3,701
2
4.3
Adjusted for seas, variation:
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 d"L
.
.
do
337 other reporting centers
do
41.5
77.8
41.2
27.7
44.3
84.8
44.6
29.0
r
15,386
35
15,388
1.293
1.293
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes all Industries
mil $
Food and kindred products
do
Textile milt products
- do
Lumber and wood products (except furniture)
mil. $
Paper and allied products
do
Chemicals and allied products
. __
do
Petroleum refining _
do
Stone, clay, and glass products _
do
Primary nonferrous metal
do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery, and transport equip )
mil $
Machinery (except electrical) _ .. _
do "
Elec machinery, equip , and supplies
do
Transportation equipment (except motor
vehicles, etc ) ...I
mil $
Motor vehicles and equipment
do
All other manufacturing industries
do
84,430 6 4, 871
6362
8342
888
688
Ml
6
157
6
560
6
809
»145
«133
8180
5, 121
5, 461
662
6 158
607
6958
6
148
6
397
103
341
85
55
194
636
61
162
630
6,121
1,022
1,117
5 670
400
108
487
155
93
194
765
960
217
200
325
94
180
707
948
227
163
283
6234
145
160
265
8152
8327
8305
6167
6358
6
325
171
363
370
152
416
227
553
361
238
526
372
6
6
6
6111
640
6510
109
807
570
111
822
489
150
945
622
142
390
757
« 2, 320 6 2, 467
Dividends paid (cash), all industries. _
do
Electric utilities, profits after taxes (Federal Re-"
6
8516
546
serve)t
i
-.
mil $
Transportation and communications (see pp. 8-23°
andS-24).
3,131
2, 410
2, 600
2 395
532
660
542
583
110
572
8508
6 141
70
174
262
SECURITIES ISSUED
Securities and Exchange Commission :{
Estimated gross proceeds, total
...mil. $
By type of security:
Bonds and notes, total_____._._
__do__
Corporate...
......_.do__
Common stock...
_
_
do
Preferred stock
do
2,496
2,635
2,117
2,312
2, 482
2,022
2, 121
4,930
2, 267
3>056
2, 467
4,128
2,453
2,908
4,611
2,352
747
109
35
2,521
906
86
29 •
1,958
732
106
54
2,229
1, 376
53
30!
2,360
863
95
27
1,933
621
80
S
2,031
71487
3
3, 559
863
1,349
23
2,119
1,008
98
50
2,686
1, 091
289
82
2, 242
644
166
59
4,016
616
58
54
2,297
974
133
23
2,691
814
189
27
4,559
672
42
9
2
' Revised.
.1 End of year.
Estimated; excludes U.S.S.R., Bother Eastern European
countries, China Mainland,
and North Korea.
a Effective Aug. 1962 for silver in com1
mercial bar form (priced 4 cent higher than on former basis; ft o cent higher effective Nov. 15,
1962).
4 Based on refinery production (U.S. Bu "of Mint data); not comparable with
later
figures8 shown, which are from Amer. Bu. of Metal Statistics.
« Average of daily
a
Quarterly average.
{Revisions will be shown later as follows: Insurance written for Jan.-Apr. 1963 (all series)
and 1962 (total and ordinary); premiums collected, Jan-July 1963; profits of electric utilities,
1962; securities issued, 1961-62. Revisions back to 1947 for money supply and related data are
available in the June 1964 Fed. Res. Bulletin; these revisions result from adjustments to new
benchmarks and from revisions of seasonal factors beginning 1955.
§Or increase in earmarked gold (—).
1 Time depositsat all commercial banks other than
those due to domestic commercial banks and the U.S. Govt.
cPIncludes Boston, Philadelphia, Chicago, Detroit, San Francisco, and Los Angeles.
January 1965
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
|
1963
Monthly
average
1963
Nov.
• ' 19.64
Dec.
Jan.
Feb.
Mar.
Apr.
May.
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission}:— Continued
Estimated gross proceeds—Continued
By type of issuer:
Corporate total 9
mil $
Manufacturing
do
Extractive (mining)
do
Public utility
-do
Railroad
do
Communication _
do __
Financial and real estate
do
Noncorporate, total 9 .
do
U.S. Government _
'. __do
State and municipal ___ __
._ do
New corporate security issues:
Estimated net proceeds, total
--do____
Proposed uses of proceeds:
New money, total
~
...do....
Plant and equipment
.. - do _
Working capital
do
Retirement of securities..
.._.... do
Other purposes
- do
State and municipal issues (Bond Buyer):
Long-term __
___.
do
Short -term
_
-do. _.
892
271
17
235
19
109
158
1,020
295
18
222
36
91
260
891
226
17
174
27
16
345
1,459
531
2
203
44
65
426
985
166
54
137
30
159
335
710
128
10
161
35
84
113
805
165
30
195
24
36
329
2,234
195
45
174
48
1,385
270
1,155
217
14
501
25
27
232
1, 461
374
20
271
22
.269
459
869
192
8
227
54
28
285
728
178
16
167
7
31
284
1,130
272
87
338
28
21
281
1,030
232
65
347
16
89
211
724
219
25
41
15
11
209
1,604
716
713
1, 615
601
842
1,226
333
688
853
357
483
1, 497
474
1,006
1, 312
413
810
1,316
399
844
2,696
1,444
1,204
1,112
367
660
1,595
383
900
1,598
387
922
3,400
2,449
767
1,323
358
952
1,877
367
816
3,887
3,242
566
702
796
2,215
1,141
1, 441
^854
718
1,117
1,015
717
953
662
292
72
116
1,292
720
572
63
86
653
430
223
74
127
570
296
273
57
91
788
464
325
82
247
776
549
227
63
175
516
243
272
68
133
952
540
816
446
••566
••354
875
879
1,444
972
687
471
216
63
126
749
450
299
127
130
606
~ 354
252
61
212
1,098
674
424
30
316
845
473
372
43
85
523
330
193
17
162
677
341
336
42
77
2,094
1,788
306
37
S3
713
397
842
457
688
613
483
259
1,006
267
810
470
844
593
1,204
869
660
515
900
393
922
222
767
458
1461
i 405
Cash on hand and in banks
.mil.$__
i 4, 149 15,541
Customers' debit balances (net)
do
i
1,
210
i 1, 216
Customers' free credit balances (net)
do
12,820 U,481
Money borrowed
____do.
478
5,621
1, 211
4, 485
461
5,541
1,210
4, 481
464
5,546
1,262
4,251
465
5,405
1,199
4,191
474
5,387
1, 231
4,156
458
5,531
1,165
4,428
448
5, 458
1,138
4,475
466
5, 388
1,146
4, 431
451
5,314
1, 114
4, 395
465
5, 207
1,077
4,281
475
456
° 5, 205
5,241
1,155
1,145
4, 155
4,231
Bonds
Prices:
Standard & Poor's Corporation:
Industrial, utility, and railroad (Al-f- issues):
Composite (19 bonds) d"— dol. per $100 bond.. 96.2
112.1
Domestic municipal (15 bonds).. __._.__. do
96.8
111.3
95.9
108.5
95.4
109.5
95. 3
111.2
95.7
112.3
95. 2
109.9
94.6
110. 3
94.7
111.6
94.9
111.8
95. 2
112.1
95.3
111.8
95.1
111.0
95.1
110.9
95.2
112.0
95.3
112. 6
86.94
86.31
85.03
84.64
84,42
84.60
84. 10
83.84
84.38
84.70
84.70
84.59
84.31
84. 37
84.81
84.65
144. 14
148.83
145.04
137. 82
162.77
158. 36
322. 41
240. 58
286. 79
253. 71
230. 97
213. 65
253. 06
240. 93
288. 43
228.37
257. 85
236.45
242. 25
229,17
247. 56
227:28
197. 81
186.44
221. 98
211. 69
239. 88
218. 21
204. 06
193. 97
138. 80
143.27
138.94
132.17
158. 16
153. 92
317. 40
235. 87
280. 62
248. 73
226. 21
209.23
244.06
232.30
282.05
222.06
252.29
231. 22
235.66
221. 26
238. 63
218. 63
190. 38
178. 75
212.29
201.31
227. 75
206.52
189.71
180.23
121.21
123. 61
173.13
234. 32
284.85
226. 12
212.95
226. 94
200.45
215. 15
190.12
166. 90
205.15
222. 93
179. 45
4.62
4.50
4.54
4.55
4.56
4.55
4.56
4.58
4.59
4.59
4.58
4. 57
4.57
4. 57
4.58
4.58
4.33
4.47
4. 65
5.02
4.26
4.39
4.48
4.86
4.33
4.44
4.54
4.84
4.35
4.46
4.54
4.85
4.37
4.49
4.56
4.83
4.36
4.46
4.56
4.83
4.38
4.47
4.56
4.83
4.40
4.49
4. 59
4.85
4.41
4.50
4.60
4. 85
4.41
4. 51
4. 60
4.85
4.40
4.50
4.58
4.83
4.41
4.49
4.57
4.82
4.42
4:48"
4.55
4.82
4.42
4.49
4.55
4. 81
4.43
4.49
4.57.
4.81
4.44
4.50
4.58
4.81
4.47
4.51
4.86
4.42
4.41
4.65
4.47
4.45
4.68
4.48
4, 49
4.68
4.50
4.51
4.68
4.48
4.51
4.67
4.49
4.51
4,67
4. 53
4.53
4.69
4.54
4.53
4.69
4,54
4.55
4.70
4.52
4.54
4. 68
4.52
4.54
4. 65
4. 52
4.53
4.65
4.53
4.52
4.66
4.53
4.53
4.67
4.54
4.54
4.68
3.14
3.18
3. 18
3.23
3. 31
3.41
3.26
3.34
3. 13
3. 23
3. 17
3.17
3.32
3. 32
3.26
3.29
3.16
3.21
3,20
3.20
3.19
3.18
3.19
3.20
3.26
3.25
3.23
3.26
3.18
3.18
3.12
3. 15
3.95
4.00
4.10
4.14
4. 15
4.14 i
4. 18
4.20
4. 16
4.13
4.13
4.14
4.16
4.16
4.12
4.14
1,007
1,083
296
SECURITY MARKETS
Brokers' Balances (N.Y.S.E. Members Carrying
Margin Accounts)
U.S. Treasury bonds, taxablef.
do.. __
SalesTotal, excl. U.S. Government bonds (SEC) :
All registered exchanges:
Market value.
- mil. $
Face value
do
New York Stock Exchange:
Market value .
_ _ _ _ _ _ _ do____
Face value
do
New York Stock Exchange, exclusive of some
stopped sales/face value, total
mil. $..
Yields:
Domestic corporate (Moody's).
percent..
By ratings:
Aaa _
do
Aa
__
_
_
do
A......
do _
Baa
_
.....do
By groups:
Industrial
do
Public utility ... ....
do
Railroad
do
Domestic municipal:
Bond Buyer (20 bonds). ...
do
Standard & Poor's Corp. (15 bonds)______do_— _
U .8. Treasury bonds, taxable©
do
498
5,' 180 _ _ _ _ _ _ _ _
1,131
4,131
4, 135
193.49
Stocks
Cash dividend payments publicly reported:
Total dividend payments
....mil. $_. 815,076 216,188
Finance
________
.... _
do
* 2, 360 22,487
Manufacturing
_____
do
37,823 28,510
2582
Mining.
,__
do
8549
Public utilities:
2
1, 456
Communications...
.......do
31,411
Electric and gas...
_.._.....__.. ____do _ 3 1, 773 21,900
2377
Railroads..
_
_:
_ _ _ d o .. 3353
2642
Trade..
_._. ... _
do
3606
2232
Miscellaneous.
_ do
8 201
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
Fire insurance (10 stocks)
.do... .
5.99
6.43
2.97
3.36
4.30
5. 31
6.42
6.98
3.21
3.50
4.46
5.84
480.7 3, 316. 7 1,187.5
594. 7 2,377.0 1, 131. 1
454. 2 2,566.0 1,157.8
475.3 2, 517. 5 1,211.7
488.5 3, 520. 3
124.8
449.2
165.6 2,164.8
3. 4
175.1
305. 1
346.2
18.1
209.3 240.2
170.8 1, 542,9
2.2
110.6
221.2
353.3
18.2
104.0
229.3
164.5 1, 722. 5
112.3
3.9
115. 5
273. 9
166.2 1,625.2
4.1 111.0
246.4
385. 3
17.5
493.1
125.8
175. 8 2, 282. 9
183.0
3.2
3.2
136.7
6.2
30.4
10.4
124.2
216.8
87.6
62.4
36.6
247.0
135.0
26.4
90.2
19.5
3.0
140.1
8.8
47.7
12.8
109. 6
223.8
62.4
57. 4
30. 1
289.4
140.1
23.8
66. 7
18.4
3.5
137.5
5.7
23.7
11.4
111.6 ( 288. 7
225.8 141.1
21.1
63.9
65. 6
70.3
35.0
16.8
3. 2
139.7
8. 9
26.2
11.5
109.9
230.1
65.7
66.2
35. 5
292.1
144.7
31. 8
71.7
22.2
2.7
140. 7
6. 5
23.0
10.8
112. 6
236.9
96.8
71.2
43.8
6.80
7.39
3.32
3.60
4. 51
5.86
6.82
7.41
3.33
3.67
4.51
5.86
6.89
7.52
3.33
3.67
4.54
5. 86
6. 91
7.55
3.34
3.70
4.55
5.90
6.93
7. 56
3.38
3. 72
4.55
5.90
6.95
7.58
3.38
3.72
4.55
5.90
6.97
7.61
3. 38
3.72
4.55
5. 90
7.03
7.68
3.39
3.76
4.55
5.90
7.05
7.69
3.46
3.76
4.55
6.11
7. 05
7.70
3.48
3.91
4.55
6.12
7. 12
7. 77
3.49
3.96
4.55
6.11
7.32
8,06
3.49
4.00
4.61
6.11
7.37
8.10
3.68
4.03
4.68
6.22
Price per share, end of mo. (200 stocks) $ ...do. _. 177. 87 202.32 211. 74 216. 57 222. 47
Industrial (125 stocks)
__
_ _ do
189.95 218.24 228.76 234. 99 241. 38
Public utility (24 stocks)
do
91.50 102.79 100. 82 102.31 103. 69
Railroad (25 stocks)
_
do
63. 39
78.49
80. 68 84.06
84. 81
T
Revised.
* Corrected.
i End of year.
2 Annual total.
JRevisions for 1961-62 will be shown later.
OInclud es data not shovm sepanitely.
cfNumber of bonds represent number currently used; the <3hange iii the nu]Tiber doe s not
affect the continuity of series.
6.98
7.61
3.38
3.76
4.55
5.90
241.1
362. 1
16.6
225.21 227.79 229. 62 232.35 236.24 240. 48 236. 88
246. 19 250. 46 251. 53 255.45 257.62 263.49 260. 03
104.23 103. 13 104.00 104.11 105.40 110. 76 110. 86
87.99 88. 26 88.66 94.99 99. 52 100.64
94. 14
(. i [Prices ai^e derive ifroma^ rerage yi<3lds on b asis of an
OFor bo ads due <ir callabl e in 10 y<jars or m ore.
242.73 243. 14 241.05 242. 99
268.38 269.08 268.83 270.21
112.67 115. 11 115. 62 115. 54
98.13 102.41 , 95.95 92.59
assumec1 3 pereent 20-yesir bond.
January 1965
SUEVEY OF CUKEENT BUSINESS
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962 | 1963
Monthly
average
1963
Nov.
'
Dec.
•••' .
Jan.
" "
Feb.
Mar.
Apr.
S-21
19
' •'
64 . ^ , .
May
June
July
3
2
3
3
2
2
2
2
3
3
2
2
2.92
2.91
3.06
3 74
2. 95
' 2.39
.
,
Aug.
Sept.
2.98
2.96
3.12
3.99
2. 90
2.49
2.90
2.87
3.09
3.98
2.76
2.52
• ' . ' • •
Oct.
Nov.
Dec.
FINANCE—Continued
SECURITY MARKETS— "Continued
Stocks— Con tinned
Dividend yields and earnings, common stocks
(Moody's):
Yield (200 stocks)
__> __.percentIndustrial (125 stocks)
do .
Public utilitv (24 stocks)
__ — do—
Railroad (25 stocks)
do
Bank (15 stocks)
do _
Fire insurance (10 stocks)
_ _ do—
3.37
3. 39
3.25
5.30
3.31
2.48
3.17
3.20
3.12
4.46
3.15
2. 51
Earnings per share (indust., qtrly. at ann. rate;
pub. util. and RR., for 12 mo,, ending each qtr.)
Industrial (125 stocks)
dollars i 11. 10
Public utility (24 stocks)
. do-' i 4. 73
Railroad (25 stocks) • •_,_
_ _ __ do_— i 5. 73
112.43
i 4.99
16.29
Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp.).___ _;
percent--
4.50
Prices:
221. 07
Dow-Jones averages (65 stocks)
_
Industrial (30 stocks)
____ _ _ _ _ _ .
___ 639. 76
Public utility (15 stocks)
— _ 121.75
132.61
Railroad (20 stocks)
Standard & Poor's Corporation :cf
Industrial, public utility, and railroad:
Combined index (500 stocks)
1941-43=40- 62.38
253. 67
714. 81
138. 36
165. 30
3.15
3.15
3. 25
4 37
3.17
2.57
3. 10
3.07
3. 12
3 07
3.21
3 20
4 21
4 33
3. 13 '•>• 3 14
2.52
2.48
14.45
4. 99
6.29
4.28
4.32
261. 09 266. 33
743. 24 759. 94
137. 59 137.77
171.16 176. 16
3.04
3 02
3.28
4 21
3 02
2.49
3 03
3 01
3 25
4 20
2 99
2 46
00
98
25
92
94
45
13 85
5.02
6. 81
95
95
21
78
98
45
2.93
2. 89
3.03
3.87
2.89
2.55
2.95
3.00
3.02
4.17
2.93
2.60
3.03
3.00
3.19
4.35
2.99
2.62
12.60
5.26
7.15
15 15
5 13
6.97
4.31
4.34
4.37
4.41
4. 41
4.37
4. 29
4.25
4.25
4.25
4.23
272. 31 276 74
776. 62 793 03
140. 19 140 09
180. 93 184 55
282 93
812. 18
139. 25
191 97
286 09
820 94
139. 02
196 15
289 3S
823. 12
140. 86
202 08
290 08
817 63
141. 56
206 59
302. 02
844. 24
147. 37
218. 78
298. 13
835. 30
149. 24
211. 25
305. 85
863. 55
151.85
214.44
311. 73
875. 26
153. 93
222.00
311. 04
880. 04
154.33
217 16
304. 50
866. 73
154. 49
206. 46
78. 80
79.94
80. 72
80.24
83.22
82.00
83.41
84.85
85.44
83.96
90 36
78. 97
79. 18
74. 39
48 01
88.71
77, 24
77.58
74. 24
45.75
40.08
76.08
66.14
4.31
69.87
72.62
74.17
76. 45
73. 39
63.30
62.28
64. 99
37.58
76. 69
66.45
66. 44
64.81
38.60
78.38
68.54
66. 38
65.64
39. 92
80. 85
71. 89
67.36
67.26
41.00
81 96
72. 92
68.11
67.20
41 54
83 64
75, 48
70.15
66. 78
42.88
84 92
76.52
70.93
67. 30
43 27
85 79
76. 50
72. 67
67.29
44 86
85 13
75. 85
72. 42
67.46
46 29
88 19
77. 76
75.47
70. 35
48./9S
86 70
75.91
75. 40
,71. 17
47.17
88. 27
77.97
77. 74
72.07
47. 14
89. 75
79.13
79. 08
73.37
48.69
36. 75
74. 81
63. 38
36. 67
75.24
63.00
36. 29
75.37
63.73
37. 60
77. 39
65.46
37 06
75.90
66. 19
38. 49
76.90
67. 06
39 20
77.17
67.07
39 88
77. 66
67.62
38 91
76 69
66.96
39 78
76. 98
68.31
39.71
76.58
68. 27
41 60
77.48
68. 46
41.75
80.50
67.99
41 61
81 20
66.82
4, 561
139
5,359
153
6, 003
149
6,156
169
7, 649
200
5,317
140
6,401
185
6, 982
210
6,072
168
5, 683
155
6, 181
170
4,828
139
5,823
168
6,245
185
5 195
155
3,945
99
4,574
113
5,082
111
5,154
123
6, 149
145
4,280
102
5 325
'137
5 933
156
5,196
125
4 745
114
5 266
125
4 106
100
4 914
120
5 268
131
4 371
108
80
96
94
99
117
88
114
124
99
96
103
82
110
107
94
104
401. 60 411. 32
8, 042 8,108
422. 51
8,183
428 42
8,214
436 79
8,301
441 72
8 378
447 62
8 480
455 01 464 54
8 841 8 941
458 12
8 981
472 02
9 010
476 39
9 095
472 15
9 136
474 32
9 229
65.54
Industrial, total (425 stocks) 9
..do..Capital goods (122 stocks)— -———do—- 58. 15
54.96
Consumers' goods (188 stocks)
,_do
P.ublic utility (50 stocks)...— — do— 59.16
Railroad (25 stocks)
__ . . do— 30. 56
Banks:
33.75
New York City (10 stocks)
- do
Outside New York City (16 stocks),— do— 66. 19
Fire and casualty insurance (22 stocks) f— do__ __ 57. 43
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil. $__
Shares sold
millionsOn New York Stock Exchange:
Market value
_ _ _ _ mil. $—
Shares sold (cleared or settled) ——millions—
Exclusive of odd -lot and stopped stock sales
(N.Y S.E.; sales effected) . millions
4. 30
3.21
3.23
3. 29
4.46
3.25
2.61
Shares listed, N.Y. Stock Exchange, end of mo.:
Market value, all listed shares
bil. $— 339. 29 386. 63
Number of shares listed
———millions— 7,464 7,906
77.39
;
FOREIGN TRADE-OF THE UNITED STATES
FOREIGN TRADE
Value*
Exports (mdse.), incl. reexports, totalf.— mil. $_. 1, 806. 0 1,934.0 2, 104. 5 2, 155. 4 2,117.5 2, 091. 5 2,179.3 2, 206. 7 2, 256. 6 2,099,1 2, 114. 1 1,969,8 2,138.9 2, 286. 5 2, 267. 0
Excl. Dept. of Defense shipments.
_do_- 1,745.4 1,857.3 2,028.5 2, 092. 3 2, 025. 0 1,994.5 2,127.2 2,120.4 2,204.3 2,031.1 2, 039. 3 1,896.7 2, 084. 5 «2?255.1 2,182.9
Seasonally adjusted _ _ _ _. _
_. . do_
By geographic regions: A
Africa
_
— _
Asia____
_• __._ _
Australia and Oceania.. _ — _ —
Europe. _ _ _ _ _ - _
_._.
1,944.6 2,049.4 2,037.3 2, 028. 7 2,077.5 2, 046. 0 2,052.1 2,004.3 2, 111. 4 2, 084. 9 2, 271. 2 2,134.3 2, 184. 1
do
do
_do_—
do
81.8
343.7
39.8
543.5
82.4
398.1
43.6
589.0
92.6
438.0
55.8
671.6
95. 6
489. 7
52.7
678.9
86.2
449.4
48.6
695. 1
95.6
420.1
47. 4
702. 0
93.2
406.8
54.0
738.2
99.1
410.4
48.7
692.3
115.2
450.6
59.0
695.5
103.9
372.3
58.8
622.3
98.7
439. 1
60.9
626.5
93.5
376.4
68.6
554.3
93.4
422.9
76.8
639.1
111. 9
448. 3
71.9
729. 4
97.8
447. 4
67.3
719.6
Northern North America.. _—_ _ . do
Southern North America
do— _
South America
„ — _ ^ _ do
319.4
130.7
167.7
343.2
142.2
152.6
359.2
152. 6
171.9
355.4
147.1
170.5
339,6
149.4
156. 2
341.6
149. 7
147.3
407.2
161.2
161.3
426. 2
167rO
161.7
425. 5
164.6
186. 6
417.3
179. 4
179.5
365.8
168. 3
166.9
380. 3
155.3
175.6
389.2
187. 8
429.4
184. 1
171.6
390.9
177. 1
191.1
By leading countries:
Africa:
United Arab Republic (Egypt Reg.)— do
Republic of South Africa.--..—
—do-
19. 6
18.6
17.5
23.0
13.6
26.4
17.7
29.8
13.4
26. 1
22.8
29.7
21.1
30,5
23.5
28.2
29.6
37.3
24.2
33.7
14.8
32.8
20. 8
32.6
18.1
29. 9
21. 6
40.7
19.3
30.8
34.2
55.8
23.7
36.5
67.0
32.3
50.0
76.5
25.6
45.4
98.7
45.5
37. 6
80.2
25.5
6.2
40.8
70.2
21. 3
5.8
47. 6
67.5
15.7
6.1
40.6
76.1
20.0
6.0
49. 7
49.7
97.8
55. 1
30. 6 . 38. 4
6.4
6.1
50.8
87.6
40.4
7.5
57,8
53. 1
34.3
7.9
66.8
88.6
32.2
6. 6
61,7
91.1
34. 9
5.7
58.4
80.7
38. 1
6.3
9.9
22.4
117. 9
8.8
26.9
141.5
12.8
29.9
173.9
7.9
29.3
168.8
12.8
30.2
184. 6
6.7
29. 9
166.0
4.0
29. 3
174. 6
2.2
31.3
153,4
3. 2
32.6
145. 4
3.3
30.4
128.3
5.7
28.6
146. 8
4.3
28.2
134. 8
4.6
32. 6
139.9
6.0
29.5
157.4
7.4
27. 1
164.0
48. 9
.1
90. 0
56.5
.5
92,0
64.1
1.9
103. 9
64.7
2.3
103. 0
84.2
3.2
97.6
66.0
3,5
97.8
71.4
1.8
112.3
65.9
4
.5
116.6
71. 3
4.6
111.7
61.5
1.1
96.3
59.0
.3
97. 2
51.3
.3
93. 6
55.2
.8
114.2
67.0
.5
119. 1
64. 6
.8
104. 0
Italy——
„ __
do
64.1
73.4
74.4
80.9
70.8
Union of Soviet Socialist Republics
do. _ . . 1. 3
1.7
1.6
8.3
1.7
United Kingdom
do _
89.6
122. 9
96.8
125. 6
114.5
••Revised.
v Preliminary.
/Corrected.
^Calendar year total.
cfNumber of stocks represents number currently used; the change in number does not
affect continuity of the series.
9 Includes data not shown separately.
fRevised series; former series covered fire insurance only.
75.2
29.3
123.9
73.9
55. 3
121.7
Asia; Australia and Oceania:
Australia, including New Guinea
-do _
India_„
do
Pakistan..
_
__ _ do
Malaysia©-— .._ — __
do
Indonesia..
Philippines.-—
Japan
„
„
-_
— do .
do
do
Europe:
France
_ _ _ _, _ do
East Germany..
„— _
do—
West Germany. . _ _ —
_— _„_ do—
174; 5
74.5
61.0
54.5
67. 7
70.5
49.7
67. 7
66.8
22.2
13. 8
1.8
1.8
7.3
1.2
2.8
.8
107. 4
111.2
107.9
108. 0
138.6
105. 8
125.8
151. 2
JReyisions for various periods prior to Feb. 1963 will be shown later.
f Includes grantaid shipments under the Dept. of Defense Military Assistance Program, as well as economic
aid shipments under other programs.
AExcludes "special category" shipments.
0Country designation established Jan. 1964.
S-22
January 1965
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
| 1963
Monthly
average
1963
Nov.s
1964
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
390. 9
Dec.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Valuet— Continued
Exports (mdse.), Incl. reexports — Continued
By leading countries— Continued
North and South America:
Canada
--mil. $ —
319.4
343.2
359.1
355.4
339.6
341.6
407.1
426,2
425. 5
417.3
365. 8
380,3
389. 2
429. 4
Latin American Republics, total 9--— do.__.
270.3
262.8
286.2
278.5
269.8
261.7
285.3
292.8
314. 4
325.1
300.3
297.1
324.4
317.7
328.8
31.6
35.4
14i2
18. 9
1.1
67.1
39.2
15.7
31.4
13.5
20.0
3.0
68.9
42.3
17.2
30.9
15.1
21.7
0
75.3
48.3
18.8
29.3
14.4
24.6
(9
69.4
49.7
15. 1
32.4
13.1
20.4
(0
72.5
43.6
19.5
23.1
12.2
19.8
(*)
76.6
40.5
17.3
26.5
13.0
20.6
0)
78.2
48.7
16.7
31.3
12.6
17.1
0)
91.0
47.1
19.2
31.6
16,7
24.5
0)
81.8
57.4
18.8
32.5
14. 2
21.1
0
103.3
55.8
23.2
26.6
13.1
19.2
0
88.4
50.5
24.3
35.5
13.4
19. 2
0
81.6
46.6
26.4
41.0
18.2
18.1
0
'95.4
47.6
17.5
32.5
15.6
21.7
0
99.1
47.6
- 28. 1
37.4
15.4
18.6
C1)
95.8
49.7
Argentina
Brazil
Chile
Colombia
Cuba
Mexico
Venezuela
do
do
do
do
do
do
do
Exports of U.S. merchandise, total.--
—do
By economic classes:
Crude materials
Crude foodstuffs
Manufactured foodstuffs and beverages
Semimanufactures^*
Finished manufactures^
By principal commodities:
Agricultural products, total 9
284.9
214.7 281.6
237.9 215.5 207.6
247. 4
219.1 217.9
218. 2 288.9
do __-_ 186.2
190.3
280.8
252.8
167. 5 189.4 227.6 232.6 227.4 209.7 228.3 232.5 233. 1 182.1 177.6 172.0 203,1 210.7 235.7
do
113.8
131.9
124.8
135.8
135.
1
137.3
127.7
134.9
145.2
144.8
155.9; 153.8
do
125. 9
136.5
116.3
253.4
273.6
297.1 300.7
285.0
289.5 326.4 323.4
333. 3 330.9
350. 4
334. 5
349.5
333.1
324.6
do
do___- 1,062.7 1,107.6 1, 149. 9 1,185.1 1,187.4 1,188.5 1,245.3 1,-271.8 1, 295. 2 1, 210. 6 1 208 3 1,118.2 1, 195. 1 1, 252. 6 , 237. 6
__---_do._--
Animal and vegetable oils and fats*
Cotton unmanufactured
Fruits vegetables and preparations
Grains ard preparations!
Meat and meat preparations*
Tobacco and manufactures A
Nonagricultural products total 9
1, 783.6 1, 910. 1 2,079.1 2, 131. 6 2, 090. 6 2,063.0 2,151.3 2,170.3 2,225.4 2,067.4 2,088.1 1,941.6 2,111.9 2,257.5 2, 242. 4 ------
do._-_
do
do .<
do
do
do -- do
419.5
465.4
574. 5
588.1
542.2
525.3
530.8
521.1
528.9
459.1
479.3
419. 5
493.8
571.0
607.9
26.1
44.8
35.8
171.4
11.8
40. 9
26.6
48.9
37.2
191. 7
12.3
43.6
20.7
67.8
40.0
220.9
17.3
60.1
25.4
86.1
37.4
247. 7
13.8
55.4
26.6
79.0
32.2
234.1
16.8
38.0
27.8
74.9
33.7
226.3
16.0
37.0
33.1
64.4
33.3
238.2
14.5
30.0
33.3
51.7
28.8
244.0
12.6
30.5
36.1
49.5
34.5
238.4
16.7
33. 5
32.9
50.7
37.8
180. 3
14.9
41. 2
40.0
91.5
32.3
171.1
13.0
37.0
41.3
16.6
35. 8
174.4
12.5
34.6
36.7
24.5
42.7
204. 2
13. 3
73.0
31.8
38.6
49.8
205.0
16.6
58.1
36.3
50.9
35.5
231.3
15.2
58.2
1,364.1
1,444.7 1. 504. 6 1,543.5 1, 548. 3 1, 537. 6 1, 620. 5 1, 649. 1 1, 696. 6 1, 608. 3 1,608.8 1 522 1 1, 618. 0 1 686 5 1, 634. 5
165.3
159.7
148.2
151.6
149.0
148. 4
156. 5
144.6
140. 7
120. 8
141.4
133.8
111.6
169.9
165.4
172.3
171. 1
191.9
182.6
187. 4
183.5
197.9
212.3
199.4
200.5
192. 6
37.8
46.0
31.6
33.9
30.5
34.3
44.9
45.6
41.6
50.6
47.8
36.0
39.8
60.6
64.8
63.1
61.8
67.2
68. 7
81.7
83,4
73.5
81.7
77.6
69. 5
82.5
453.4 477. 1 491.7 486.8
510. 4
542.7 521. 5
575.2 ' 513. 7 517.2
507. 8
458. 3
554.4
520. 1
11. 4
15.2
12.7
20.1
15.8
23.9
23.8
22.6
19.7
14.1
19.1
14.5
20.8
16.5
36.9
35.2
39.6
39.2
36.5
45. 5
49.8
53.7
50.2
41.2
46.2
48.4
48.0
41.0
124.2
113.4
122.5
125.6
132.7
123.0
122.6
133.2
119.9
109.
8
122.5
116.9
139.9
137.7
42.2
37.5
37.0
42.1
39.1
44.4
39.8
46.4
39.7
38.3
37.1
42.4
45.9
46.8
228. 4
236.8 226.2 238.4
216.5
264.2 246.1
274. 8
240.3 241.1 218.3
242.8 258.2
242. 1
39.4
41.9
41.0
37.7
35.1
38.4
41.8
35. 8
39. 4
40. 8
36.1
43.3
41.7
37.2
63.2
62.8
57.8
61.5
59.6
68.2
70.7
71.0
68. 2
60. 0
55.7
59.7
72.5
68.0
1,425.1
1,529.9 1,446.7 1, 337. 7 •1, 592. 3 1, 562. 3 1, 457. 9 1, 595. 5 1, 612. 4 1, 491. 9 1,562.0 1,613.0 1, 671. 7
1,428.5
1,465.3 1,477.7 1,421.8 1,445.3 1, 522. 9 1, 542. 1 1, 548. 1 1, 505. 5 1, 589. 6 1,592.2 1 557 5 1, 550. 7 1, 697. 7
^.
59.5
71.0
64.8
67.6
71.4
89.8
86.9
83.7
66.1
70.5
67. 5
65.8
82.7
265.2
252.1 283. 0
266.1
203.7 282.9 276.5
278. 3 317.2
339. 1 336.9
334.7
315.8
43.2
31.6
41.8
30.5
35.7
38.3
33.4
36.1
43.7
41.2
45.6
32.5
32. 5
445. 1 427.6 400.9
394. 6
400. 8
456.1 449.3
411.5
377.6
446.7 461.5
426. 3
466.7
351.1 307.4
312.0
301. 9
319. 4
337.4 341.4 337.4 381.6
372. 3
373.0 363. 9
388.6
114.2
140.9
127.4
150.4
142.2
162.2
152.0
143. 4
140.0
115.8
102. 3
137.0
123.3
197.5
243.0
207.7
199.8
192.7
234. 9
211. 3
166. 6
185. 4
212.4
198.8 202.7
202.3
Automobiles parts, and accessories
Chemicals and related products!- Coal and related fuels
Iron and steel prod. (excl. adv. mfs.)
do __
do
do
do -
115.2
125. 5
149.3
2 161. 9
32.0
40.2
50.9
57.4
Machinery total §9
do
435.1
do -do
do
do
do _.
13.2
30.3
105. 9
44.5
208.1
Agricultural
Tractors, parts, and accessories
Electrical
Metalworking§
Other industrial
Petroleum and products
Textiles and manufactures
General imports, totalO
Seasonally adjusted©
By geographic regions: O
Africa
Asia .-Australia and Oceania
Europe
do
do
_.
-___
36.8
57.3
_do_ _- 1,365.8
do
do
do
do
>__do
62.8
246.7
36.6
385.0
305.2
Northern North America. _„_
;_
do
123.1
Southern North America
-do
South America
do. __ 204.2
By leading-countries: O
Africa:
.5
1.1
2.1
1.7
1.0
United Arab Republic (Egypt Reg.) ___do_—
25.8
17.4
21.4
24.1
21.6
Republic of South~Africa
do
Asia; Australia and Oceania:
24.4
20.7
29.0
26.6
27.7
Australia, Including New Guinea
do
22.9
21.0
21.3
24.5
22.3
India
_
_
____do
3.7
3.7
3.5
3.8
4.3
Pakistan..
_
__
__
_do____
14.3
Malaysia©—
do
8.0
9.
7
11.2
9.4
13.4
Indonesia—.
do^___
29.9
18.0
26.9
32.2
29.7
Philippines
____do____
118. 0
134.7
113. 2
124. 8
130,6
Japan.
,
do
Europe:
37.1
42.0
35.7 ' 35.8
35.9
France
do
.2
.1
.3
.3
.3
East Germany
do
92.2
94.9
80.1
83.6
92.0
West Germany
do
43.5
46.4
41.1
36.3
37.7
Italy
do
1.2
.9
1.2
1.3
1.7
Union of Soviet Socialist Republics
do
91.6
89.9' 100.6
83.5
83.8
United Kingdom
do
North and South America:
350.9 307.2
319. 1 311.7
305.0
Canada .
do
282. 2
287.6 269. 3 332.9
Latin American Republics, total 9 _____do
294.7
Argentina
_ _ _
do
11.0
20.9
13.7
11.6
8.9
45.
1
67.5
62.9
Brazil
do
46.8
43.6
15. 7
11.3
14.0
15.9
16.6
Chile
. _
do
17.5
Colombia
do
22. 9
14.4
14.2
20.7
Cuba _ _ _ _ _ _ _
do
.6
C1)
C 1 ).
0)
P)
55.6
Mexico
._ _ _
do
49.5
46.6
48.2
63.6
Venezuela.....
____do___.
63.1
88.1
78.1
85.3
81.3
2
••Revised
p Preliminary.
1 Less than $50,000.
Beginning Jan. 1963, excludes
exports of certain fertilizer materials, coal-tar and synthetic resinous products, chemical specialties, etc.Mn 1962, such exports totaled $52.6 mil.
JSee similar note on p. S-21; for exports, see also note "f" on p. S-21.
9 Includes data not shown separately.
d"Data for semimanufactures reported as "special category, type 1" are included with
finished manufactures.
*New series. Data prior to Sept. 1962 may be obtained from Bu.
of Census reports.
•1.0
20. 3
3.8
21.1
2. 0
21.3
2. 5
19.9
1.0
19. 3
1.9
16.2
.9
16.9
.4
18.6
.5
20.1
19.2
18.0
2.6
9.9
10.0
15. 1
100.6
24.8
24.0
3.2
14.8
15.0
34.9
133.3
18. 5
28. 1
3.9
10.6
11.7
19.8
143.5
16.1
25.7
3.5
12. 2
15.2
34.6
121.7
32.2
28.4
3.7
10.9
15.8
31.3
155.1
17.8
19.8
3.0
13.3
'15.2
44.1
167,2
26.8
30.7
3.0
21.0
14.6
36. 6
155.8
23.8
25.0
2.7
13.0
16.0
39.3
175. 7
23.4
26.0
2.5
11.9
12. 9
33.1
159.5
35.0
.8
78.7
33.7
2.0
85.3
39.5
.7
106.1
40.3
1.0
90.8
43.9
.5
97.9
41.2
.9
94.0
41.5
.4
87.8
35.2
1.3
91.1
42.8
.6
99.7
45.5
.4
102.7
47.7
2.1
101.5
38.4
.9
74.8
48.6
1.9
85.7
33.5
.5
97.8
45.1
1.9
92.3
43.0
,1
101.8
48.2
1.6
103.3
45; 1
2.4
100.7
372.6
363. 1 372.1 388. 6
337. 2
381.3
301.8
337. 3 341.3
247. 4
265.3 275.1
260. 4
284. 5
280.7 288. 6
338.7 314.9
7.7
6.5
7.1
7. 5
12.- 3
9.4
9.7
10.4
10.8
31.9
36.7
46.5
36.6
32.5
60.7
23.6
38.0
53.8
19.7
18. 1
18.6
20.0
7.4
19.3
17.6
20.9
17.3
15.8
18.9
25.1
21.1
34.0
22.2
23.2
24.5
17.3
0
0
0)
0)
0
0)
0)
0)
0)
39.7
54.6
30:6
48.5
67.2
59. 1
50.6
71.4
55.9
76.5
77.0
87.2
89.3
85.7
69.2
75.7
66.2 , 81.8
t Revised to include SIT C items classified as "cereals and preparations"; not comparable
with data published in the^!963 BUSINESS STATISTICS and in SusyEY
issues prior to Nov.
!
1963.
AManufactures of tobacco are included in the nonagricultural products total.
§ Excludes "special category, type 1" exports,
OFor certain recent months, the data by regions and countries exclude imports unidentified by area of origin.
©Country designation established Jan. 1964.
SURVEY OF CUEEENT BUSINESS
January 1965
1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
Monthly
average
S-23
1964
1963
Nov.
Dec.
Feb.
Jan.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value J— Con tinned
Imports for consumption, total....
.....mil. $~ 1,354.3 1, 417. 8 1,427.8 1, 511. 6
By economic classes:
278.2 1261.7
238.0
284.5
Crude materials
do
148..0
143.8
153. 3
158.7
Crude foodstuffs
do
149.3
166.
5
163.0
Manufactured foodstuffs and beverages.. do
197.4
282.4 1312.7
300.4
315.0
Semimanufactures
do
496.3
533.2
573. 0
Finished manufactures
do
556.0
By principal commodities:
334.8
319.8
369.4
A gricultural products, total 9
do____ 322.3
11.0
82.4
19.0
42.0
17.4
Cocoa (cacao) beans incl shells
do
Coffee
do
Rubber, crude (tncl. latex and guayule)— do. ...
Sugar (cane or beet)
. do
Wool and mohair, unmanufactured. _ _ _ d o
r^onagrlcultural products, total 9
1,031.9
do
9.7
Furs and manufactures.
do____
Iron and steel prod. (excl. adv. mfs.)_..do.__. / 47 - 3
Nonferrous ores, metals, etc.:
10. 1
Bauxite crude*
- do
Aluminum semimfs, (incl. calcined bauxite)*
14.7
mil. $
20.8
Copper, crude and semimfs.*
- do
9.7
Tin including ore
do _
Paper base stocks
Newsprint
Petroleum and products
Indexes
Exports of U.S. merchandise:
Quantity
___
— _.
Value
Unit value
Imports for consumption:
Quantity
Value.—
:________
Unit value
:_
do
do
do
.
.
_
do__._
do
....do —
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):!
Shipping weight
.
thous. sh. tons
Value ...
.. . .
mil. $.
General imports:
Shipping weight
_ _._. thous. sh. tons
Value
.mil. $_
Airborne trade:
Exports (incl. reexports) :f
Shipping weight
thous. sh tons
Value
mil. $
General imports:
Shipping weight .
•__
thous. sh. tons..
Value
» _
... ...mil. $__
11.1
90.1
14.0
68.8
22.9
1,083.1 1, 108. 0 1,142.2
i 10. 9
59.4
6.1
65.3
26.3
54.0
246. 8
161.5
105. 5
314. 1
494.5
274.1
202.4
150. 7
339.0
601. 1
267.8
199.2
142.6
343.1
602. 7
270.4
147. 4
149.2
311.1
555.7
291. 5
140.4
163.0
340.1
641.8
325. 0
145.0
148.8
333.9
662.4
302.1
136.9
143. 5
322.7
585.5
300.1
155. 8
164.2
314,3
633. 5
296.1 , 282. 7
182.1 202.6
176.7
168.6
331.5 337.1
665. 1 655. 9
332.7
295.4
383.1
362.7
329.9
316. 1
318. 6
316.7
341. 0
350.9
384. 4
9.2
90. 8
16.4
50. 0
17.1
11.2
106.7
13.7
44.6
12.4
8.8
126. 9
17.0
43. 4
15.9
14.4
87.4
19. 4
26.3
19. 7
15.2
125.7
19..4
37.2
17.4
12.5
94.0
13.2
16.5
20.6
8.2
131.8
13.3
32.1
18.3
8.1
84.5
20.2
47.8
17.6
10.3
73.2
13.9
38.9
14.1
8.5
84.7
17.1
49.7
16. 0
12.8
77.7
18.1
33.9
14.1
1,132.2 1,026.8 1,184.2 1,192.7 1, 103. 9 1,260.7 1, 296. 5 1, 174. 1 1, 226. 9 1, 292. 5 1, 270. 6
i_6.1
60.7
13.6
54.1
15. 8
59.7
12.0
62.5
9.1
68.6
8.1
77.5
6.2
74,8
4.7
69. 1
6.1
63.5
4.7
71.0
4.7
89.0
9.5
8.2
9.4
9.6
11.2
9.5
12.2
8.8
10.0
12.9
12.3
9. 1
10.2
9.6
17.9
23.3
8.7
17.7
25.1
8.2
17.1
26.1
9.8
14.8
29.5
7.3
17.6
29.8
10.7
17.6
26.1
7.8
17.8
23.7
7.6
18.9
26.6
7.9
20.5
25.4
10.2
13.7
20.7
14.1
21.8
27.5
8.3
13.5
30.1
9.8
11.4
26.1
7.6
30.1
31.1
30.0
58.0
57.3 , 58.1
147.1 1 149. 1 135.9
32. 0
68.0
164. 9
31.7
56.8
U93.3
31.1
52.4
154.3
35.4
58.7
159. 5
31.9
61.2
156.7
30.4
59.6
137.1
34.9
65.2
144.8
618
165. 4
35.2
61.8
152.3
35.3
64.2
147.0
35.1
66.3
142.7
35.6
68.6
144.9
131
134
102
135
137
101
131
135
103
130
133
103
v 102
Pl43
P102
P 133
P102
P 135
P103
P125
"103
P136
P103
P146
P104
127
122
96
132
130
98
128
126
116
114
P134
plOO
P123
p'137
P136
P139
P 131
,P128
P137
P135
P99
P143
P141
P99
14.8
151.4
P 120
P123
P102
123
117
95
.—
7.2
88.8
13.6
31.8
11.9
274.3
160.8
133.5
343.0
553.4
16.9
121.6
9.1
112
115
102
1957-59=100..
____do.___
do
11.3
79.7
16. 4
50.9
18.8
1,464.9 1, 322. 3 1,567.3 1, 555. 3 1, 433. 8 1, 576. 8 1, 615. 2 1,490.8 1, 567, 9 1,643,5 1,655.1
P136
P135
11,215
1,165.6
13,084 14, 796 13, 887 13, 167 12, 034 12, 673 13,415 15, 134 14, 191 14, 342
1,257.2 1, 408. 6 1,450.0 1,348.6 1, 334. 8 1,384.3 1, 362. 0 1, 489. 1 1, 299. 7 1, 364. 3
17,552
983. 7
17, 707
1,031.9
17, 066
1,032.0
9.1
124. 3
10.4
136. 5
10.9
131.5
11.3
141.9
11.9
150.3
11.9
157.2
12.9
150.9
12.9
153. 5
12.9
149.6
12.9
144.8
13.4
148.8
12.0
128. 2
4.1
69.7
4.7
67.9
5.3
82.8
5.3
89.0
4.3
70.4
4.0
70.7
4.7
79.4
4.6
76.0
3.9
66.8
5.0
76.9
5,1
77.12
4.5
69.9
17,639 17, 697
1,077.9 1,036.8
16, 415 16, 787
929.9 1,119.9
18,025
1,120.5
18, 121 ^21,308 22,641
1, 059. 7 '1,146.9 1, 179. 3
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. avg. or total):
Operating revenues, total $
— .....mil. $._ 570.7 621.9
566.0
Transport, total 9
_
do
617.1
509.8
557. 0
Passenger
do _
37.1
40. 3
Property
. __ _ ..
.
do
14.4
U.S. mail
. do .
15.0
551.4
Operating expenses (incl. depr eolation) ... do
585.5
1.9
Net Income (after taxes)
_do___
8.4
Operating results:
Miles flown (revenue) —_._--thous.. 59,409 63, 828
Express and freight ton-miles
flown
do
45, 296 49, 195
Mall ton-miles flown ;_»__.
do..._ 13, 575 14, 167
Passengers originated (revenue)—
do
3, 990
4,548
Passenger-miles flown (revenue)—
mil—. 2,667
3, 048
Express Operations
Transportation revenues..
Express privilege payments.
.___mil. $..
doj-._
Local Transit Lines
Fares, average cash rate.
.cents..
Passengers carried (revenue).
__-._miL_
Operating revenues (qtrly. avg. or total) mil. $._
V
295.9
229.2
295.9
2 28. 6
20.1
594
350.9
20.5
576
347.5
62, 455
51, 397
13, 376
4, 446
2,861
65, 758
55,581
19, 401
4, 732
3,221
66, 274
50, 710
14, 547
4,801
3,245
646. 8
640. 8
579. 4
42.0
15. 5
4
- 4613, 7 -—__._
11.0
20.7
563
20.7
590
366.8
710. 9
704.6
637.7
45.2 !
15. 7
622.2 ........
39.1
4
4
62,863 467, 481
50, 212 4454, 522
14,051 415,488
4
4, 458
5, 008
4
2, 949 4 3, 316
105.4
31.3
4
65, 407
4
56, 472
4
15. 091
4
5, 003
4
4
68,
4
022
59, 014
414,823
4
5, 030
3, 287 4 3, 322
96.8
27.1
20.8
581
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. avg. or total):
Number of reporting carriers
________
3954
1, 004
Operating revenues, total
._....__..
mil. $._ 1,343
1,527
Expenses total
do
1,286
1,476
Freight carried (revenue)
.mil. tens87
89
l
es r,R?v,ised- , p Preliminary.
Effective Sept. 1963, data reflect adoption of U.S. Tariff
bcriedules and are not entirely comparable with earlier figures; also, beginning Sept. 1963,
certain, uranium bearing materials, formerly shown under crude materials, are included with
semimanufac.tures (monthly averages reflect this change beginning Jan. 1963). Beginning
Jan.
1964, data for furs and mfrs. and petroleum and products reflect further changes in USTS.
2
Quarterly average, a Number of carriers filing complete reports for 1962. * Reflects
4
4
4
4634.4
* 628. 3
4561.9
4
44.0
4
16. .7
*596.
0 — — _ -4
1.1
20. 8
552
20.8
585
341. 1
68, 852
58, 871
14,345
5, 542
3,910
71,235
60, 391
14,337
5,324
3, 796
--.,_____ _ _ _ _ _ _ _ _ _
72,362
63, 842
14,178
5,647
4,023
99 9
29.5
21.0
600
21.2
596
21.2
564
362. 5
69, 376
69, 009
14, 734
5,214
3, 530
71, 735
72, 323
16, 145
5,509
3, 610
103 2
30.0
21.3
531
21.3
516
21.4
560
^
21.4
611
(
21.7
561
, •
substitution of data for one or two intra-Alaskan carrier*
JSee similar note on p. S-21.
9 Includes data not 'shown separately
*New series
Data prior to Dec. 1962 may be obtained from Bu. of Census reports
^Excludes "special
category" shipments and all commodities exported under foreign-aid programs
as Department of Defense controlled cargo
fSee similar note on D S-21
^^idiuo «» ^CP<"
* uu p. a -u.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS- STATISTICS
1962
1963
1963
Monthly
average
Nov.
.' '
Dec.
Jan.
Feb.
Mar.
.
Apr.
-
January 1965
.
May
1964°.
June
- . '
July
... .. '
.
' '• ' .
Aug. 1 Sept.
x
.
Oct.
Nov.
Dec.
TRANSPORTATION AND COMMUNICATIONS—Continued
'
TRANSPORTATION— Con tinned \
Motor Carriers (Intercity)— Continued
Frels-ht carried, qtrly. index of volume, class I and
II ( AT A)__ ...average same period, 1957-59=100— » 120. 3 i 126. 3
Carriers of passengers, class I (qtrly. avg. or total):
2138
2138
Number of reporting carriers 136.4
Operating revenues, total
—^___
mil. $_. 131.4
112.0
116. 4
Expenses total
-•
do
57.2
56.6
Passengers carried (revenue) .... —
mil—
Class I Railroads
Freight carloadings (A AR):
Total cars
•--thous. . 2,394
439
Coal
—
.——.do
30
Coke
.._-_-do
158
Forest products
-- _ _ d o _
231
Livestock
do
Ore
.
__ _do_
Merchandise 1 c 1
...do
Miscellaneous
— —
-^d6— —
Freight carloadings, seas. adj. indexes (Fed. R.):f
Total
. —
1957-59=100.Coal
do
Coke
-— — do-_._
Forest products
do
Livestock
— _ _ _ — _ '__ .
Ore
•--:
-—
----Merchandise I c l
- -—
Miscellaneous
• • -
do
—do.—
___do .
,
do
2, 406
461
32
156
234
14
17
147
144
72
97
1,277 '. 1, 290
492
90
81
97
101
67
83
49
94
4
'93",
95
88
96 (
102
52
84
36
95
124.1
128.6
138
130. 7
114. 0
55.3
160
133. 5
129. 4
115.5
135.4
137 0
2,237 ' 1,970
444
M16
28
29
144
130
234
197
2, 045
415
31
136
227
8
2, 645
3512
341
3
196
8267
2,105
393
34
154
186
2,202 3 2, 913
3 542
407
345
35
3190
151
3208
177
2,403
476
38
154
205
2,114 3 2, 926
293
3 578
35
348
147
3198
3 243
197
2,396 33,195
3589
461
41
357
3196
,151
201
3310
2,376
455
46
148
221
2,118
427
44
139
180
18
118
58
1, 192
10
55
53
1,081
10
50
51
1, 125
310
375
370
8
1, 473
10
66
54
1,207
3 12
10
3271
114
365
53
1,254 31,581
7
224
50
1, 248
8
313
223
3268
48
363
1,163 31,514
16
211
48
1,267
339
3264
3 58
3 1, 691
18
154
41
1,292
10
92
37
1,189
92
94
78
96
105
56
104
31
92
94
90
84
97
109
50
91
33
96
97
91
89
99
111
50
89
31
101
97
89
90
106
104
51
93
31
100
94
90
92
103
93
50
88
28
98
96
100
111
102
89
42
104
29
99
94
100
118
98
91
46
85
27
96
96
96
125
99
104
48
90
26
99
95
95
129
99
109
48
96
23
95
99
97
127
99
99
54
136
23
100
99
90
125
100
97
46
143
22
103
Financial operations (qtrly. avg. or total):
2,446.6
Operating revenues, total 9
-..mil. $__ 2, 360. 1 2,389.9
1,997.8 2, 036. 5
2,084.2 ._ _ _ _
Freleht...
——
——do
147.0
138.6
Passenger
— -— -- -do.. _. 154. 8
1,854,3 1,862.9 — — - ,893.5
Oneratin? expenses
__-do
304.4
Tax accruals and rents _— «.
—do.... 324. 1 325.6
201.4 ._
Net railway onerating income...^
— -do... _ 181.6
_ 248. 7 . - _ _ _ _ - _
143.0
162.9
225 1
Operating results:
Freight carried 1 mile (qtrly.)
— bil. ton-miles. .5 151. 6 5 158. 9
Revenue per ton-mile (qtrly. avg.)
cents.. 31.349 « 1.310
Passengers carried 1 mile, revenue (qtrly.)— miL. « 4,976 5 4, 624
163.4
1.300
4 315
95
93
100
99
92
42
123
28
97
2, 362. 4
2,033.8
134.7 "
1,852.3
327. 6
182. 5
144.2
2,481.4,
2, 133. 8
146.3
1, 910. 5
338.0
233. 0
196.4
162.1
1.284
4,110
168.5
1. 287
4, 594
95
100
128
102
75
50
87
28
98
93
98
128
97
88
56
84
26
96
2,486.5
2, 119. 2
162. 3
216.6
Waterway Traffic
Clearances,
vessels in foreign trade:
lotaj L «°- poris
1 ous. et to s— 14, 913
12, 066
TT if r! Qt t- vp«5<5ftl<?
d.n
2,847
15, 628
12,786
2, 842
16, 686
13, 618
3,068
15,454
12, 573
2,881
15, 204
12, 540
2, 664
14, 503
12,054
2,449
14, 960
12,319
2,641
15,996
12, 963
3,034
17,734
14,684
3,050
18,948
15,809
3, 139
17, 969
14,836
3,133
Panama Canal:
TotaL
——
- -thous. Ig. tons. _ 5,490
855
In United States vessels.— ..
. — .do— .
5, 454
780
5,399
722
5,691
708
5,832
613
6,187
906
6,269
965
5,912
866
6,166
1,022
5,902
1,100
6,062
877
6,604
927
8,227
867
6, 248
930
6, 156
847
9.37
60
109
9.82
58
101
8.90
47
107
9. 09
57
105
9.26
60
109
8.87
59
108
9.86
67
116
9.18
62
119
9.83
64
113
9.10
56
112
9.89
62
107
9.85
65
110
10.24
70
112
10.11
57
103
218
216
130
110
88
2,779
174
146
118
103
40
1,104
158
161
112
116
47
661
173
172
112
87
71
, 686
179
193
102
88
81
790
218
206
123
101
121
1,000
211
214
148
104
147
1,276
226
253
161
151
135
2,263
271
356
172
154
147
5,047
314
359
208
173
112
8,067X
430
302
2 10
201
86
7, 561
74
3,287
56
2, 283
49
1,061
Travel
Hotels:
Average
sale per occupied room
dollars
5
Room occupied
% of total
Restaurant sales 'index
same mo 1951~~100
9.35
61
112
Foreign travel:
195
U.S. citizens: Arrivals....
thous..
191
Departures
do
125
Aliens' Arrivals
do
103
Departures
do
76
Passports issued and renewed— _—_„.— — .do—
2,737
National parks visits
do
Pullman Co. (qtrly. avg. or total):
726
Passenger-miles (revenue)——
milPassenger revenues..„__—.— --thous. $_. 12,076
--'
629
10, 477
578
9, 818
556
9,500
608
10,457
9,288
COMMUNICATIONS
Telephone carriers:
Operating revenues 9— „.„__„..
— mil.$__. 792.6
440.0
Station revenues
do270.4
Ton's, message.
.
.do
468.2
Operating expenses (before taxes)
do
Net operating income..— ...
d o _ _ _ _ 139.6
70.8
Phones in service, end of year or mo
-....mil—
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues.
.
thous .$__. 22,010
Operating expenses, incl. depreciation
do— 20, 197
582
Net operating revenues. _.
__ _do
Ocean-cable:
Operating revenues......
—_._._
do- 3,013
Operating expenses, incl. depreciation— do— 2, 542
153
Net operating revenues
. — .do— -Radiotelegraph:
•'••»
4,675
3,676
Net operating re venues _ . - _ . —
do.
816
845. 6
465.4
289. 7
495.7
152.3
73.7
856.8
475.2
286.3
500.5
155.4
73.4
23, 902
21,094
1,680
23, 676
20, 603
2,368
3,065
2,495
219
5,077
3,882
982
(
881.1
481.7
305.3
520.2
154.9
74.0
862.2
480.6
286.0
501.7
163.4
74.2
25, 550 24,449
21, 324 22, 213
834
3,663
23,283
21, 020
872
881.8
480.0
308.7
539.8
150.1
73.7
912.3
494. 6
318.9
531.3
169. 2
75.3
917.0
492.5
324.3
569.1
150.2
75.6
915.3
492.1
324.3
529. 8
167.3
75.9
921.3
497.0
322.6
539.6
165.3
76.4
25, 181 24, 876 24,708
21, 715 21,812 22, 181
2,075
1,697 1,085
26,020
22, 799
1,886
25,092
23, 304
498
25, 113
22, 170
1,840
25,256
22, 089
2, 106
898. 8
489.4
313. 0
532.3
165.9
74.9
2,859
.2,186
370
2, 950
2, 271
156
3,138
2,403
361
2,814
2,284
98
3,106
2,286
475
3,012
2,403
245
3,030
2,317
328
3. 172
2,381
427
3,227
2,503
341
2,885
2,423
105
5,525
4, 158
1,195
5, 654
4,339
1,054
5,901
4,448
1,222
5,505
4,274
998
5,752
4, 336
1, 192
5,831
4,251
1,345
5,774
4,379
1,167
5,961
4,598
1,152
6,087
4,768
1,103
5,773
4,609
946
T
Revised. 3 1 Annual index.
2 Number of carriers filing4 complete reports for 1962
and
1963.
Data cover 5 weeks; other periods, 4 weeks.
Based on unadjusted data.
5
Quarterly average.
903.1
490.0
315.7
525.0
167.4
75.1
892.1
485.5
311. 2
530.9
156.0
74.5
t Revisions for 1962 are in the Aug. 1963 SURVEY.
9 Includes data not shown separately.
53
654
SUEVEY OF CUERENT BUSINESS
January 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
Monthly
average
1963
Nov.
S-25
1964
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
1,155
1,323
1, 357
1, 103
Acetylene
.mil.cu.ft.
1 271 1 204 1,258
1 154 1 120 1 252 1,233
1 208 1 242
Ammonia, synthetic anhydrous (commercial)
556.8
thous.sh. tons.
484.1
636. 8 659. 7 636.7
614. 1 589. 3
620.2
650.7
594 2
605 3
614 8
583 8
90.2
Carbon dioxide, liquid, gas, and solid _-_>_-do___
85.3
100. 6
85.0
112.6
116.0
82.8
108.9
94.9
79 3
76 0
81 9
79 0
455.3
Chlorine, gas (100% Clz)
•__
do
428.6
480 6
500 4
494 6
501 3
488 6
482 0 483 4
481 6
466 8
472 0
456 0
90.0
Hydrochloric acid (100% HC1)— ..
do
87.7
104.4
104.7
103.1
96.6
104.1
100.8
106.0
91 2
89 9
91 2
94 8
353.6
Nitric acid (100% HNO3)
. do
375 1 349 5 306 5 341 0
280 8
371 6
355 7
420 5
423 6
402 0
402 6
410 0
Oxygen (high purity)
_ _ ________mil. cu. ft__ 8,562 10, 705 10 779 11 697 12 Oil 12 201 13 367 13,107 13 402 12 538 12 741 13 476 13 264
242. 1
Phosphoric acid (100% PaOs)
thous. sh. tons__ 203.9
268,6
266.6
284. 8 286.5 280.3 259.5 248. 5
254 3
273 5
267 9
253 0
Sodium carbonate (soda ash), synthetic (58%
390.1 400 0
Na2O)
- --' - - - - - -thous. sh. tons.
383.9
408.9
431 6
419 1 415. 3 435 1 419 5 394 4
381 2 394 5
388 0
11.2
Sodium bichromate and chromate_____---__do__.
10.6
10.9
11.2
11.4
11.7
11.6
11.4
9.3
12.3
10 5
11 5
11 7
484.5
K(]-t Q
Sodium hvdroxide (100% NaOH)
do___
457 1
507 3
517 3
503 7
508 9
537 0
514 3
534 4
490 2
484 2
513 8
Sodium silicate (soluble silicate glass) , anhydrous
45.9 r 52 8
thous.sh. tons.
46.1
36. 4
54. 8
53.7
44.5
40.5
53. 1
41.4
52.3
42 2
40 9
Sodium sulfatep (anhydrous, refined; Glauber s
102.7
salt- crude salt cake) __
thous.sh. tons.
102.9
99 5
109.2
107. 8
102. 8
108. 1
116 1
108 3
106 3
103 2
106 9
109 1
Sulfuric acid (100% H^SOO— _do__. 1,641. 8 1, 744. 7 1 788 4 1 853 7 1,868 4 1,853 7 1,983.5 2, 016. 2 1, 980. 9 1,859.1 1, 750. 2 1, 816. 2 1, 846. 7
r
Organic chemicals, production: cf
Acetic acid (synthetic and natural) .-^
Acetic anhydride
Acetylsalicvlic acid (aspirin)
Creosote oil
DDT
Ethvl acetate (85%)
Kthvlene glvcol
Formaldehyde (37% HCHO)
Glycerin, refined, all grades:
Production
Stocks end of month
Methanol:
Natural
Synthetic
mil. lb__
do •
do
mil. gaL
82.2
1Q3 5
2.3
7.6
mil. lb_
. . _ do
do
do .
13.9
8.5
119 5
199. 8
do
do
*
--.-__
—-mil. gal-__dO___-
Phthalic anhydride.....
mil. lb__
ALCOHOL
Ethyl alcohol and spirits:
Production
mil. tax gal
Stocks, end of month __
do
Used for denaturation
do
Taxable withdrawals
do
Denatured alcohol:
Production
mil. wine gal
Consumption (withdrawals)
------ _ _. do
Stocks end of month j
do
FERTILIZERS
Exports, total 9
thous.sh. tons_.
Nitrogenous materials.— . .
.___ _do
Phosphate materials _ -.
. _;
do
Potash materials
do
87.4
8106.0
2.4
8.2
89 5
infi 1
2 «
8 1
14.9
3
9. g
s 138. 3
211. 4
11 4
73
123 1
3
24.8
23.8
20. 8
32 7
.1
28.0
35.6
3
.1
29.3
38.2
on Q
9 fi
Q
0
Q A
Q A.
99 fi d
1 90 A
99ft A
99 fi
9A A
£
28 5
40 9
52.4
151. 4
42. 4
5.3
57.7
171.5
44.4
5.3
169 8
22.9
23.0
3.9
23.9
;24.0
3.0
oq o
94 f»
9 n
602
67
448
71
625
55
487
59
701
64
Imports , total semimanufactures* 9
do.
Ammonium nitrate....
___..do
Ammonium sulfate..
.
__do _„_
Potassium chloride
_ _ _ • > .
do
Sodium nitrate _
_ _________
do
166
18
20
39
36
205
21
20
73
34
188
27
Potash deliveries (KsO).
_ ___ • ' _ _ _ • - d o
Superphosphate and other phosphatic fertilizers
(100%P205):
Production
.
_._.. thous. sh. tons
Stocks, end of month...
„________-__ do____
197
227
235
425
269
419
'
1
9A
0
39 5
KQ 7
CO Q
m
o
/ C j?
A q
C O
94. ^
OIJ
0
3
q
9Q9
4fi9
428 3
11.3
525 2
57.1
46.7
111 2
112 1
1, 957. 0 1, 927. 3
92 3
111 8
2 8
82
94 0
101 6
2 fi
71
93
125
2
8
4
4
7
4
82.9
109 2
27
9.1
88 5
115 2
21
10 6
87.5
106. 5
2.5
9.8
96. 2
111.6
2.1
10.7
81.9
116 9
1.9
8.4
89.4
123.4
2.2
10.0
94. 9
118
3
r
25
r
97
111.4
118 9
2 2
7.8
11 4
88
121 8
207 0
12 8
10 8
109 1
203 0
13 3
9 4
138 8
219 5
11 3
7.4
129 3
237 7
13 0
80
116 9
225 2
12.1
11. 9
155. 3
229. 5
11.0
5.5
154 1
207. 8
8.7
10.5
147 4
236.5
7.3
64
156.3
169 3
235. 1 '252 9
11. 1
150 7
239 8
29 1
22 3
I
29 6
37.4
26 3
25 4
I
29 9
36 7
28 5
27 6
28 5
26 5
23 7
27 7
28.0
31 5
22 9
32 0
26 5
32 3
26. 2
31.2
25 3
29 6
26 3
30 1
1
30 3
44.9
.1
33.9
49.2
1
34 4
49.9
.1
31.1
48.5
1
32.8
44.8
.1
32.2
41.1
.1
31.9
49.9
1
34 1
' 56. 5
1
34 0
47.2
60 5
179 5
49 5
49
56 1
183 0
44 0
4 7
53 8
188 9
43 9
54
54. 0
189.3
46 77
5
53 3
184.9
45 3
55
50.3
183. 4
44 8
5.6
51 8
187 0
45 7
50
55.1
190.0
47 0
4,7
60.2
188.6
45 9
6.2
69 2
184 3
44 8
78
26 6
26 4
32
23 7
23 1
37
23 9
24 7
29
25 1
24.8
31
238
23.5
34
24 2
24.4
36
24 7
25 3
29
25 4
24.8
34
24 7
23 7
45
24 5
25 6
34
704
68
495
94
584
55
468
33
684
63
529
50
827
47
660
60
779
39
592
75
948
63
691
105
936 r 1,044 '
101
117
659
r 817
108
91
744
44
522
122
200
20
255
20
14
OQ
32
074
253
16
29
93
30
292
17
36
126
22
376
19
43
150
63
173
17
11
65
22
180
11
7
34
50
124
14
4
42
18
224
21
7
117
23
161
20
12
104
25
174
19
14
116
25
175
16
16
119
24
233
369
424
254
66
151
355
189
296
181
304
452,
327
443
336
383
337
249
307
249
272
349
247
408
269
422
268
400
306
374
299
411
en
OR
428 6
11.4
539 7
668 39
534
59
Kf)A
•
1 374
640.2
•81.2
502 5
106.4
411 9
14 225
275.3
622
28
458
i nn
693
fi'fi
ci 7
1,378
'613.9
90.9
513 5
107.3
r 419 5
r
!4 059
278. 6
9Q4.
490
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly:
Black blasting powder
thous. lb_.
1284
*306
323
High explosives
___— .
_._do._._ 1277,199 1 301,665
322 968
Paints, varnish, and lacquer, factory shipmentsTotal shipments
mil $
152 7 2 2157 5 138 9 ^1 1 7 7
Trade products
_
_^ __ _ __ __
do
89.8 2 93.8
77 0
61 0
Industrial finishes
.-_-__ do
62.9
63.7
61 9
56 7
Sulfur, native (Frasch) and recovered:©
Production...
_„. thous. Ig. tons.. 3490
3486
495
484
Stocks (producers') , end of month
do
4,832
4,875
4,763 4,760
PLASTICS AND HESIN MATERIALS
Production:
Cellulose plastic materials
_
___xnil. lb__
13.2
12.7
12.1
13.8
,Thermosetting resins:
3
Alkyd resins _.
._____.>_do__
45. 7 350.5
37 7
40 5
Coumarone-indene and petroleum polymer
3
resins
....mil. lb_. 329.0
29.
5
24.
9
25.9
3
3
Pol vester resin s_
...
_..
_ _ _ _ _ do
17. 7
21. 2
20 4
21 2
Phenolic and other tar acid resins.
__do____ 357.5 33 61. 7
62.
0
61.7
Urea and melamine resins
do____ 3 40. 7
43. 2
41.5
38.0
Thermoplastic resins:
Styrene-type plastic materials (polystyrene)
mil. lb__ 3s 106. 2 3124.5
133.2
127.8
Vinyl resins (resin content basis)
...do
130. 5 3146.7
160.5
153,0
Polyethylene ....
._
do
168.0 3 189. 2
210.1
200 0
141
262, 470
289
r347 691
138 8
75 5
63 3
142, 5
80. 6
61. 9
165 2
97.1
68. 1
186 0
112.2
73.8
188 5
115 0
73 5
197 8
119 5
78 3
183 1
115 6
67 5
181 3
111 5
69 8
176 4
104 2
72 2
163 1
95 3
67 8
145 8
80 7
65 1
500
4,780
499
4,786
499
4, 720
513
4,686
531
4,676
505
4,614
515
4,501
533
4,483
510
4,445
476
4,360
553
4,562
11. 6
13.0
15. 2
13.9
12.4
13.7
11.3
12 1
14.6
13 6
44.4
44.0
48 5
49 0
48 0
49 8
45 5
49 2
r 45 5
45 7
26°. 0
22.7
66.3
42.8
25.0
23.9
64.0
39.6
27.6
25 4
72.6
43.1
29.8
27. 2
71.5
45.9
26.2
27 0
67.3
43 4
27.7
°6 7
65.5
43 1
27. 5
23 3
53.8
37 4
25.3
25 g
70.4
44 1
'f 34. 4
26 8
70.4
47 1
32 0
28 4
75. 1
49 1
132. 3
150.5
210.8
136.6
158.3
208.7
146.3
173.3
210. 1
144.7
174.4
217.8
149, 7
176.7
226 6
147.5
170.9
215 9
129. 2
156,8
216 8
144 8
177.9
221 0
143. 4
171.4
227 3
150 1
190 4
215 0
r
Revised. 1 Quarterly average.
2 Beginning Jan. 1963, the estimated totals are based
on a new and larger sample and reflect improved estimating methods, which affect comparability with data for earlier periods; Oct.-Dee. 1962 estimated totals on the new basis appear
on p S-25 of the Feb. 1964 SURVEY.
3 Based on annual total containing revisions not
distributed by months.
195
334, 018
cfData are reported on the basis of 100% content of the specified material unless otherwise
indicated.
9 Includes data not shown separately.
*New series. Data exclude some materials (chiefly crudes) shown in the former series.
Monthly data prior to Jan. 1963 may be obtained from Bu. of Census reports.
0Monthly data for 1952-62 (1962 revised) appear on p. 28 of the Dec. 1964 SURVEY; production for Aug. 1957 should read 517,000 long tons.
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962 j 1963
Monthly
average
January 1965
1963
Nov.
1964
Dec.
Jan.
Feb.
Mar.
Apr;
May
June
July
Aug.
Sept.
Oct.
Nov.
Pec,
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total O
mil. kw.-hr. . 78, 624 83, 991
71, 026 76, 167
Flectric utilities total
do
57,003 62,379
14,024 13, 788
82,437
74,474
61, 769
12,705
90,302
82,260
67, 653
14,607
90,642 84, 613
82,328 76, 701
67, 834 62,906
14, 49o 13, 795
87, 987 84,534
79, 595 76, 392
63,652 60,092
15, 942 16, 301
64,155
14, 739
67/960
14, 334
72,645
14, 961
71, 588
15, 059
8,332
8,027
305
8,292
8,045
246
8,118
7,892
226
8,302
8,084
218
72, 692 71, 549 71,065 72,775
75,827
62, 143 64, 596 62, 204
14, 558 14, 999 14, 188
57, 725
Privately and municipally owned util.-.do
Other producers (publicly owned)
— do.— 13,301
62,095
14,073
60, 837
13, 637
66,459
15,802
67,024
15, 304
7,597
7,313
284
7,824
7, 555
270
7,963
7,722
241
8,042
7,770
272
8,313
8, 019
294
7,912
7, 621
291
Sales to ultimate customers, total (EEI)__,_-do— . 64,674 69,234
Commercial and industrial:
12,008 U3,876
31, 160 132,367
68,309
71, 364
75, 196
72, 724
13, 665 13, 708
32, 893 32,978
14, 165
32, 993
14,061 14, 121
32,330 33, 330
389
393
-do ... 18,868 20,141
646
612
__..do____
1, 529 1,683
do
. 133
104
378
18, 793
735
1,719
126
Industrial establishments, total
Bv fuel*?
Residential or domestic
Street and highwav lighting
Other public authorities.
do
-do
-:
451
439
21, 630 24, 932
773
780
1,716 1,769
108
118
87, 226 90,585 95,724 94,949
78, 894' 82, 294 87,606 86,647
63, 031 68, 341. 73, 343 72, 763
15, 863 13, 953 14,263 13,884
8,392
8,075
317
8,142
7,807
335
89, 465 89.382 87, 976
81, 376 80, 941 79,753
68, 319 66, 907 65, 600
13,057 14, 034 14,153
67, 340
14,036
66,667
14,274
65, 530
14, 223
8,441
8,089
7, 872 '8, 197
245
217
8, 224
8, 003
221
78, 514
77,433
73,925
14,034
33, 643
14,327
34,459
15, 551
34, 675
17,194
33, 749
17,781
34, 829
17, 133
35,080
15, 496
34,749
409
436
384
23, 295 22,301 20,982
693
711
641
1,774 1,707
1, 721
130
118
143
368
19,431
613
1,712
156
366
359
19, 639 21, 972
589 \ 599
1,780 1,779
174
174
357
22, 966
638
1,774
169
367
22, 323
680
1,690
160
377
20, 648
734
1,767
155
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil.$_. 1, 085. 4 1, 141. 4 1,119.0 1, 161. 7 1,217.2 1, 184. 5 1,169.0 1,153.0 1, 145. 9 1,178.5 1,236.5 1, 272. 4 1, 256. 9 1,201.6
GAS
Manufactured and mixed gas (quarterly) :c?J
Customers end of quarter, total 9
thous
Residential
do
Industrial and commercial..
do..—
Sales to consumers, total 9
Residential
Industrial and commercial...
1, 922
1 800
122
1,540
1,439
99
1,172
1,089
82
1,197
1,112
84
1, 162
1,081
80
530
370
157
495
336
155
418
269
146
667
480
184
369
217
150
67.3
51.3
15.7
59.0
44.3
14.4
46.2
33.4
12. 7
75.3
57.0
17.9
42. 4
29.4
12.8
.thous.. 32,674
30,014
do
2,624
do
33,940
31,207
2,695
34,996
32, 150
2,807
35,104
32,201
2,866
34,999
32, 163
2,797
mil. therms- 25,045 26, 412
-.
do — 8,466 8,828
15,321 16, 279
do
25, 947
8,168
16,457
37, 972
17, 093
19, 082
26,699
7, 851
17, 378
1,601.7
852.7
702.6
2,533.0
1, 563. 0
907.2
1, 579. 9
819.6
712. 3
mil. therms
do
do—
Revenue from sales to consumers, total 9
Residentlal
Industrial and commercial.
Natural gas (quarterly) :c?t
Customers, end of quarter, total 9
Residential
._
__
Industrial and commercial
Sales to consumers, tota!9
Residential
Industrial and commercial
mil.$- do ..
do__~
Revenue from sales to consumers, total 9 ..mil. $ 1,541.3
Residential
. .
do
847.7
Industrial and commercial..
do.... 651.0
1,620.6
886.2
689.0
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
9.63
Production
— „ mil. bbl—
8.07
7.63
6.85
7 31
7.50
8.95
8.39
Taxable withdrawals __
do
6.42
7.60
6 74
8 49
6.73
7 05
7 80
7 82
Stocks, end of month.
do.._. 10.46 10.76
9 67
10.08 10. 68 11.30 11.82
9.85
Distilled spirits (total):
Production
— mil. tax gal- 12.90 12. 50
14. 18
13.39
13.89 13. 51 14.06 14.51
Consumption, apparent, for beverage purposes
30.92
21. 58
mil. wine gal- 21. 14
25. 89
18.49 18.43 21.84 21.08
Taxable withdrawals.
mil. tax gal-- 10.27 ' 10. 35 11.36
9.34
8.56
9.53 10.51 11.46
Stocks, end of month
_
do ._ 882. 72 876.90 865.87 870.00 871. 77 873. 19 874. 44 874. 54
Imports...
~mli. proof gal
3.60
3 82
3.84
4 87
3 03
3 62
5 37
3 07
Whisky:
Production
mil. tax gal9. 41
9.99
8.74
8.49
10.38 10.27 10.36 10.95
Taxable withdrawals.
_^
do
7.18
7.08
5.91
6.46
7.05
8.38
7.50
6.73
Stocks, end of month .
do ... 859. 13 852. 54 840:03 842.40 844. 01 854. 14 846. 10 846. 91
Imports
mil. proof gal
3
35
3 42
4
19
1
57
1
77
3 23
3 18
4 83
Rectified spirits and wines, production, total
7.24
7.20
5.87
6.35
7.24
mil. proof gal7.85
8.15
6.27
Whisky
......do .. 5.33
5.19
4 33
4 15
4 51
5 18
6 24
5 68
Wines and distilling materials:
Effervescent wines:
Production
mil. wine gal.37
.40
.43
44
.63
.37
48
53
Taxable withdrawals
„
do —
.32
.34
.35
.59
.27
.34
.57
.33
Stocks, end of month
.do
2.79
3.14
3.00
2.65
2.71
3.31
2.86
2.88
IE
no
no
no
ftfi
Imports
do
Still wines:
Production
do
2 19
15.78
2 73
16.86
4 76
21 47
2 97
3 40
Taxable withdrawals
do
12.52
13.11
13.71 13.57 13.76 15.96 13.80
14.07
Stocks, end of month
do
178.86 185. 03 249. 05 229. 08 213. 89 201. 61 185 83 175 68
Imports.
—
do
1 11
1 18
79
90
1 08
1 47
1 57
1 10
Distilling materials produced at wineries— do
31.27
39.39
70. 11 18.48
5.10
8.38
6.15
1.79
f Revised.
1 Beginning Jan. 1963, data are not directly comparable with those for earlier
periods. Latest revised data for Jan-Jul. 1963 are as shown in the Oct. 1964 SURVEY; those
for Aug. 1963 (mil. kw.-hr.): Small light and power, 16,271; large, 33, 239.
©Revisions for Jan.-Dec. 1962 appear on p. 24 of the Mar. 1964 SURVEY
11<54
10.92
11.77
9.28
8.73
11.77
10.31
9 48
11.93
13.38
12. 79
8. 65
22.27 22.03
10. 91 10.98
874. 27 873. 92
3 71
4.16
20.94
9.51
871. 904
3 7
8.40
8 27
11.13
7.73
7 65
10. 68
9. 13
14.36
17. 07
20.72
10.62
866. 18
3 58
22.02
12.04
863. 74
4 69
26.18
14.79
860. 08
5 86
6 07
5.41
9.44
8.46
5. 03
9.69 11.06
7.05
5.72
6.56
6.68
8.41 10. 85
846. 76 846. 81 844. 27 839.97 837. 21 832 56
2
85
3
71
1 48
3 07
4 00
5 19
5 46
9 88
9 40
11 56
7.38
5 16
7.27
4 92
6.35
4 33
6.69
4 58
8. 42
6 10
10 95
8 26
38
.36
3.30
68
43
3.49
no
27
28
3.46
42
35
3.49
43
50
3.38
.09
59
67
3.25
1 84
3 12 59 12
1 92
85
12.86 13. 25 10.42
12.27 13. 84
164. 18 150 88 139 42 130 04 177 81
Q1
1 16
1 21
1 02
1 09
95 09
15 38
251 82
"
ftQ
1.51
.86
1.40
9.84
132.38
1 on
.20
I
Qfi
146. 18
cfThe averages shown for gas are quarterly averages.
f Revised data for 1st and 2d qtrs. of 1962 appear in the Sept. 1963 SURVEY; those for 1st and
2d qtrs. of 1963 will be shown later.
9 Includes data not shown separately.
;
January 1965
SURVEY OF CURRENT BUSINESS
1962 | 1963
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
Monthly
average
S-27
1963
Nov.
1964
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
-
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter, creamery:
Production (factory) t
mil. lb__
Stocks, cold storage, end of month..
-do
Price, wholesale, 92-score (N.Y.)_. ..__-.$ per lb_.
Cheese:
Production (factory), totalj
_
___mil. Ib—
American, whole milkt _
do
128.1
363.4
.594
132.1
91.1
118.3
328.4
.590
91.9
241.3
.593
111 6
207.0
.593
128 8
187.1
. 587
123 5
191.2
.587
139 4
191.0
.586
142 7
195.7
.586
153 5
203.5
. 587
142 9
234.9
.587
110 7
243.7
.591
95 8
221.2
.604
86 4
180.9
.623
95 0
149.0
.616
96 1
••95.3
.629
' 135. 8 ' 114. 8
'92.5 ' 70. 8
124 5
78 3
125. 9
82.4
124.0
81.4
145. 8
96.5
151.8
106.5
176 4
128.3
175 3
128 1
151 0
108 7
140 8
97 7
178 9
86 7
128 5
83 6
122 3
76 9
345.1 '335.2
302 5 r 292 8
66
93
63.9
.604
463.4
420.4
6.5
385.0
344.9
6.9
363.3
323.7
9.7
340.7
301.6
8.4
318.1
279.2
6.6
301.6
263.7
4.6
301.7
264.0
8.5
323.1
284 0
6.4
352.2
309.7
7.0
381.8
339 2
54
398.6
353 1
36
388.6
341 1
4.6
363.5
318 6
69
.400
.426
.432
.432
.430
.430
.422
.420
.420
.421
.428
.431
.446
.451
.451
6.1
160.7
6.6
158.1
4.0
122.2
70
133 9
60
140 3
5.6
141. 5
67
150.0
10 7
160 8
10 0
208 5
7 2
202 0
83
184 0
88
174 0
68
151 0
78
132 5
66 _
115 5
5.0
178.4
6.6
162.9
6.5
150. 8
5.8
131. 7
5.9
96.8
6.1
82.6
7.3
69.7
9.1
82.6
10.0
147.6
96
208.2
94
249.7
9.9
286.3
96
231.1
10 3
227.3
83
219.5
4.0
5.5
5.0
5.2
.3
3.8
7.0
2.9
3.3
2.5
3.0
3.1
3.4
2.4
5.2
3.0
8.6
2.7
54
3.0
54
3.3
68
3.1
39
5.3
46
5.9
68
1.9
6.11
6. 01
5.99
6.00
6.00
5.98
5.98
5.96
5. 94
5 93
5.93
5.93
6 00
6 08
6 09
10, 502
5,216
4.10
10, 399
5,099
4.10
9,205
3,900
4.48
9 706
4,399
4 42
10,066
4,922
4 34
9,842
4,917
4.25
11,007
5,655
4.12
11, 346
5,904
3.94
12, 330
6,613
3 82
11 790
6,528
3 78
10 824
5,620
3 94
10 177
5 012
4 10
9 626
4,370
4 28
9 652
4 291
4 50
6.6
185.5
7.6
174.7
6.7
128.2
6.3
158.3
7.6
176.9
6.6
181.0
7.3
206.7
7.8
217.7
74
250.2
66
235.6
68
181.5
75
148 1
80
121/7
9 3 " 81
125 5
133 3
6.3
123.4
5.7
95.0
5.3
64.3
5.3
81.5
6.1
80.9
5.8
86.1
6.6
97.6
7.5
104.6
7.1
130. 6
6.4
128.6
6.2
127.3
59
114.4
60
94 7
63
87 4
60
92 5
1.1
25.5
2.5
44.6
1.6
53.6
2.9
38. 0
2.1
27.4
.8
37.9
.8
88.6
1.1
61.0
1.3
119.4
.6
107.1
2.4
93.5
.9
65.5
61
65 1
g
51 5
7
66 9
.148
.144
.144
. 146
.146
.146
.146
.146
.146
.146
.143
.146
.148
. 148
.146
96.9
103.4
125.6
130.7
123.8
112.5
123.4
126.6
129.8
96.8
91.8
99.7
115.4
1436.4
284. 8
3160.8
3124.0
8.3
••1405.6
3 284. 0
a 165. 0
3119.0
4.8
7.7
329.5
199.1
130. 4
5.8
5.5
6.7
231. 0
129.2
101. 8
2.9
5.0
$ per bu- 1.26
1.20
...do
1. 19
1.11
1.21
1.11
1.18
1.09
1.18
1.10
1.16
1.09
1.18
1.10
1.22
1.14
Corn:
Production (crop estimate, grain only) -.mil. bu_. 13,637 '14,092
15.4
14.3
Grindings wet process
-~ do
16.7
14 4
15 9
15. 9
17.4
16.5
55.7
4,353
3,217
1,136
54.7
46.8
33.5
3, 264
2, 254
1, 010
33.5
1.15
1. 16
1 19
1.19
1 22
1.20
1.19
1.18
1 21
1.21
Stocks, cold storage, end of month, total
do —
Imports
'.do
Price, wholesale, American, single daisies (Chicago)
„.__—$ per lb__
Condensed and evaporated milk:
Production, case goods:?
Condensed (sweetened)
mil. Ib
Evaporated (unsweetened)
ydo
Stocks, manufacturers' , case goods, end of mo. :
Condensed (sweetened)
*—.
__mil. lb__
E vaporated (unsweetened)
_ do. _ _ _
Exports:
Condensed (sweetened)
do
Evaporated (unsweetened)
___. do —
Price, manufacturers' average selling:
Evaporated (unsweetened) ._
$ per ease..
Fluid milk:
Production on farms
mil. lb__
Utilization in mfd. dairy productsd"
do
Price wholesale TT S average
$ per 100 Ib
Dry milk:
Production:?
.
Dry whole milk
- - _mil. lb__
Nonfat dry milk (human food)
do
Stocks, manufacturers', end of month:
Dry whole milk
-do
Nonfat dry milk (human food)
do
Exports:
Dry whole milk
.-.
•.
do
Nonfat dry milk (human food)
-~,
do_-_.
Price, manufacturers' average selling, nonfat dry
milk (human food)..
._..
$ perlb..
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat) .. .mil. bu—
Barley:
Production (crop estimate)
Stocks (domestic), end of quarter, total
Exports, including malt§
Prices, wholesale (Minneapolis) :
No. 2, malting.... .
.No 3 straight
-
do
do
-do
3
Stocks (domestic), end of quarter, total
mil. bu— 3 2, 929 3 2, 705
3 1, 807 3 1, 779
On farms
.
do
3926
3 1, 122
Off farms
do
35.5
36.6
Exports, Including meal and flour...— do
Prices, wholesale:
1.24
1.11
No 3 yellow (Chicago)
- $ per bu__
1.20
1.08
Weighted avg., 5 markets, all grades
do—
Oats:
Production (crop estimate)
mil. bu__ 1 1, 020 > i 979
Stocks (domestic) , end of quarter, total- ... do. ...
3553
3545
On farms
do
374
376
Off farms..
do— .
Exports, including oatmeal
...do
Price, wholesale, No. 2, white (Chicago) t
$perbu—
2.5
.9
.2
.73
.72
Bice: "
Production (crop estimate)
mil. bags 9 — 166.0 ' i 70. 3
California mills:
122
Receipts, domestic, rough.....
mil. Ib—
126
79
Shipments from mills, milled rice...
do
85
Stocks, rough and cleaned (cleaned basis) c, end
132
97
of month
mil.lb._
Southern States mills (Ark., La., Tenn., Tex.):
364
438
Receipts, rough, from producers...— „ mil. Ib—
270
255
Shipments from mills, milled rice...
do
Stocks, domestic, rough and cleaned (cleaned
997
866
basis), end of month
mil. Ib—
193
220
Exports
..
...
do
.093
.094
Price, wholesale, Nato, No. 2 (N.O.)_.._.$ per lb-
A KA
12.6
2.0
3.4
10.2
7.6
1.23
1.16
1.19
1.11
1.18
1.08
1.16
1 06
1.23
1 17
1.26
1 19
1.25
1 20
17 2
17 0
15 2
15 7
15 9
ifi fi
1 t\ ft
42.4
35.4
2,342
1 479
863
28.0
32.8
4 i 510
4 654
4 355
42.9
39.5
44.3
57.4
1.24
1.24
1 28
1.27
1 26
1.24
1 22
••l.ZL
1 25
1.23
1 91
1 . 22
1.20
«316
4
252
4 63
1.25
•.. ~ "
9
Q7ft
4 An
1.25
I
1Q
2 3 549
•\A 7
1.24
1.25
2882
884
763
120
.2
.1
.3
.7
.9
.6
1.0
1.1
.9
.5
.74
.75
.71
.68
.68
.66
.66
.65
.68
.71
.71
.72
81
46
70
84
206
89
138
187
141
82
163
184
103
109
66
42
62
55
68
42
44
53
361
76
200
168
232
143
170
105
69
74
56
54
28
100
377
264
295
329
329
379
192
386
123
555
148
494
71
428
58
355
135
306
717
395
1,348
553
1,758
653
407
531
1,710
203
.088
1, 592
357
.088
1, 447
314
.088
1, 197
419
.088
931
356
.088
746
400
.088
531
265
.088
372
907
.088
296
559
1,122
.088
.088
.083
1,844
200
'.083
1,818
154
P. 083
~~~I6.~8~
1.34
1.32
:
.455
2 403 1
401 0
252 0
149 0
6.0
1 9fi
281 5
132. 9
.2
.2
.77
2 7Q 1
Rye:
Production (crop estimate)
mil. bu— 140.8 '129. 2
~~~ii~8"
Stocks (domestic), end of quarter, total
do
319.9 315.0
1.42
Price, wholesale, No. 2 (Minneapolis). ..$ per bu— 1 1.22
1.30
1.44
1. 48
r
Revised.
* Preliminary. 2
i Crop estimate for the year.
Dec. 1 estimate of 1964 crop.
3 Quarterly average.
* Old crop only; new crop not reported until beginning of hew crop year (July for barley,
oats, rye, and wheat; Oct. for corn).
{Revisions are available upon request as follows: Jan. 1961-June 1962 and Jan.-May 1963
for cheese and nonfat dry milk; Jan»-June 1962 and Jan.-May 1963 for butter and condensed,
evaporated, and dry whole milk.
115.4
9 370
4 091
r
132. 7
59.7
73. 0
7.7
4
4
517
446
72
773
688
85
, . 71
4
1
324.2
~~~4~57iT
199
7Q
.......
83
56
234.5
30 I
1.28
1.19
1.20
1.27
1.25
-1.21
1.21
c? Re vised series; data reflect inclusion of creamed cottage cheese and frozen products
(formerly excluded). Revisions for 1946 and 1952-58 (former series) and 1958-62 (revised
series) appear on p. 24 of the Mar. 1964 SURVEY.
vev«,eu
§ Excludes a small amount of pearl barley.
t Revised series (for No. 2; formerly, for No. 3).
9Bagsofl001b.
(
1.38
1.29
S-28
January 1965
SURVEY OF' CURRENT BUSINESS
1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
| 1963
Monthly
average
1964
1963
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov. Dec.
FOOD AND KINDRED PRODUCTS ; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Wheat:
Production (crop estimate), total
Spring wheat
Winter wheat.
»
_
Distribution (quarterly total)....
Stocks (domestic), end of quarter, total
Onfarms
Off farms
Exports, total, including
Wheat only
flour
_
2 1, 290
2266
2 1, 025
_._mil. bu__ il 094 'il 142
__do
i 273 '1234
do ;_ 1821 ' i 908
do
3 316
3337
_do
__do__
do
31,713
3259
31,453
do__
__do__
49.2
43.0
3
329
1,613
309
1,304
1,3 563
252
31,311
59.7
53.3
61.0
55.1
Prices wholesale:
No. 1 .dark northern spring (Minneapolis)
$ per bu_. 2.48
2.39
2. 42
No. 2,hd.anddk.hd. winter (Kans. City). do
2.21
2.20
2. 19
Weighted avg., 6 markets, all grades.. ..do
2.34
2.33
2.41
Wheat flour:
Production:
Flour
thous sacks (100 Ib.)
21,839 21,991 22,220
Operations, percent ofcapaclty...
101.6
92.6
92.4
Offal
thous sh. tons
412
406
407
Grindlngs of wheat__
thous. bu__ 49, 613 49,976 50,558
Stocks held by mills, end of quarter
thous. sacks (100 lb.)_. 3 4, 584 34,710
Exports
do
2,686 2,808 2,550
Prices , wholesale:
Spring, standard patent (Minneapolis)
$per!001b__ 5.909 5.639
5.738
Winter, hard, 95% patent (Kans. City). .-do... _ 5.621 5.365
5.450
LIVESTOCK
Cattle and cilves:
Slaughter (federally inspected) :
Calves
thous. animals
Cattle
- -do
Receipts (salable) at 27 public markets- ____do.___
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
$per!001b
Steers, stocker and feeder (Kansas City). .do
Calves vealers (Natl Stockyards, 111 ) do
Hogs:
Slaughter (federally inspected) thous. animals. _
Receipts (salable) at 27 public markets.
do_ ...
Prices;
Wholesale, average, all grades (Chicago)
$per!001b_.
Hog-corn price ratio (bu. of corn equal in value
to 100 Ib. liv t hog)
Sheep and lambs:
Slaughter (federally inspected )___thous. animals- Receipts (salable) at 27 public markers . do
Shipments, feeder, to 8 corn- belt States.
do
Prices, wholesale:
Lambs, average (Chicago)
$ per 100 Ib
Lambs, feeder, good and choice (Omaha) _do__.__
6
410
305
1, 205
153
1 052
4901
381
.
1, 806
500
1,306
4826
59. 9 - 67.4
61.9
51.5
68.9
60.0
570.5
66.0
71.5
65.6
86.6
81.5
78.0
70.7
79. 5
72.1
60.0
54. 8
56.3
52.8
52.3
44.6
66.5
, 60.4
2,37
2.23
2.31
2. 37
2. 24
2.31
2.32
2.23
2.27
2.25
2.17
2.19
2. 34
2.26
2.26
2.35
2.13
2.26
2.38
1.53
1.58
1.70
1.55
1.59
1. 74
1.58
1.69
1. 80
1.63
1.72
1. 84
1.66
1.75
1.84
1.68
1.75
23, 519 21, 218
96.8
97.5
433
390
53,494 47, 872
21, 956
90.0
406
49, 646
22,241
91.2
411
50,226
21,961
94.3
409
49,897
27,057
111.0
507
61,557
14, 953
58.7
283
34,215
20, 818
89.6
390
47, 324
23,305
99.3
435
52, 968
25, 017
101.9
462
56;460
22,407
100.4
416
50, 765
3, 606
2, 347
21,399
91.8
393
48,599
4,823
3,878
1,912
2,527
5,843
2,183
3, 127
3,191
5,354
2,249
1, 540
3, 289
4,840
2,620
5.538
5.233
5.538
5.250
5. 563
5.300
5.313
5.150
5.600
5. 400
5.478
5.250
5.783
5.333
5.983
5.643
5.765
5.510
5.673
5. 735 v 5, 775
5.487 '5.493 * 5.471
1.82
1.65
1.71
415
1,695
1,225
595
378
1,805
1,173
551
385
1,793
1,283
1,133
400
1,808
1,205
578
412
2,013
1,189
525
342
1,710
969
319
400
1,878
1,141
384
379
2,045
1,139
355
321
2,070
1, 082
322
338
385
2,162
2,207
1,257 « 1,201
260
359
384
2,125
1,228
588
453
2, 199
1,301
861
514
2; 359
1,619
^1, 286
442
2,111
1,528
1,309
1,245
27.20
24.53
29.75
23.79
22.95
30. 00
23.38
21.53
30. 50
22.16
20.06
30.50
22.38
21. 17
31.50
21.18
21.57
34.00
21.38
21.42
31.50
21.03
20.91
26.50
20.29
19.24
27.50
21.37
18.92
23. 50
23. 15
18.81
23.00
24.94
19.30
22.50
25.82
19.79
25.00
24.88
24. 42
19.18
19.33
'20.00 ^ 24. 50
23.76
18.80
5,648
1,650
5,965
1,646
6,380
1,726
6,695
1,874
6, 956
1, 828
5,898
1,511
6,420
1,635
6,481
1,681
5, 476
1,460
5,038 4, 928
1,443 •1,405
4,841
1,294
5,630
1, 506
6, 804
1,860
6,546
1,750
1,766
16.44
15.03
14.39
13.76
14. 22
14. 37
14.22
13. 89
14.46
15.22
15.88
16. 21
16. 40
15.13
14.07
14.94
16.4
13.6
13.9
12.7
13.2
13. 2
12.7
12.3
12.3
12.8
14.2
13.9
13.8
13.7
13.4
12. 9
1,224
524
224
1, 163
444
200
1, 112
419
213
1,105
406
122
1, 296
394
146
980
294
143
1,035
304
133
1,052
319
171
986
289
215
1,056
337
154
1, 118
«343
179
1,020
385
314
1,141
511
433
1,213
551
394
997
394
134
336
19.46
18.69
15. 57 e 17. 83
18.88
17.00
19.38
19.50
21. 12
22. 25
0
22.25
24.00
23.75
23.38
23.50
22.50
20. 50
& 20. 31
19.75
(0
20.62
& 19. 62
2,292
2, 366
2,450
2,662
2,252
2,447
2, 575
2,406
2,404
2,332
2, 221
2,405
2,754
2,553
592
45
122
623
62
112
653
49
121
729
60
119
773
56
73
810
53
101
872
47
89
873
63
76
833
56
126
731
49
75
628
48
106
532
50
79
582
62
76
'667
56
82
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in), Inspected
slaughter.....
,
....
___mil. l b _ _ 2,151
Stocks (excluding lard), cold storage, end of
month
___mil. lb__
481
Exports (meat and meat preparations)!.. <jo
42
Imports (meat and meat preparations)?
do
109
706
Beef and veal:
Production, inspected slaughter..
do
1,046.6 1, 137.4 1, 117. 8 1, 137. 9 1,292.8 1, 119. 3 1,220.2 1,314.8 1, 319. 6 1,384 8 1, 336. 5 1,278.0 1,323.3 '1,421.3 1,271.7
StocKs, cold storage, end of month.. ...
do___. 163. 5 217.2
282.1 284.5
279.5 287.6
297. 5
276.3 285. 7
300.4
267. 0
327.4
296.3 300.9
272. 8 '305.6
Exports.._-.
_ _ :_-_.-_
do
2.3
2.3
2.9
2.1
3.5
2.4
3.9
5. 0
3.1
2.4
2.5
5.7
3.8
6.0
3.7
Imports
- • • _ ' _ • • '
do
92.0
79.0
89. 3
89.8
90.6
51.9
66.4
99.6
71.4
66.3
99.9
58.1
72.4
53.1
53.5
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)......
_$perlb._
.417
.464
. 404
.391
.381
.398
.379
.378
.372
.408
.430
.400
.384
.424
.419
. 408
Lamb and mutton:
Production, inspected slaughter
mil. lb_.
55.6
57.9
52.5
49.6
53.2
63.9
53.6
52.5
48.3
48.2
46.2
52.4
51.0
48.9
57. 3
StocKs, cold storage, end of month.....
do
19.5
14.3
18.4
17.2
18.6
18.3
16.3
18.3
16. 4
18.2
16. 1
15.3
'13.0
12.7
17.3
13.7
Pork (including lard), production, inspected slaughter
_
mil Ib 1,046.5 ,099.0 1,195.7 1,259.2 ,305.6 1,082.8 1, 174. 7 1,206.5 1 038 1 970. 9 944.4 896. 9 1,029.2. '1,275.3 1, 232. 7
Pork (excluding lard) :
Production, inspected slaughter
_do_.__ 806.0 856. 6
939.2 987.4 , 017. 1 854^4
914.5 940.9
798.4
743.6 733.6
694. 7
809.7 1, 000. 5
972. 8
Stocks, cold storage, end of month
do
279.2 250.2 276. 7 332.8 382.3 411. 2 473.6 468.8
235.9
412.9
321.4
184.0 '223.4 '275.0
229. 1
289.6
Exports..- •-_- __
do
5.3
11.5
22.9
15.1
18.5
16.5
13.0
10.9
12.9
8.6
5.9
5.5
13.5
5.8
8.9
Imports. . - _ _
.
do
17.6
17.0
16. 2
16.7
18.6
14.8
17.0
19.7
16.3
15.9
18,0
17.9
17,8
18. 1
17.3
Prices, wholesale:
Hams, smoked, composite.$ per lb_. 8.491
.464
.472
.457
.452
.480
.458
.435
.475
. 465
.423 - . 448 .453
.462
P. 475
. Fresh loins, 8-12 Ib. average (New York)_do _. .475
.443
.427
.417
.438
.401
.413
.409
.503
.395
.461
.513
.478
.503
.401
.403
Lard:
Production, inspected slaughter..
.mil. lb_. 175.3 176. 4
187. 1 198.4
209.4 173.0
189.1 193. 0
165.7
155.5
175.7
147. 8
159. 3
190. 2
200. 7
Stocks, dry and cold storage, end of mo... .do
98.9
123. 1
92.4
119.4
105.7
124.9
113.6
116. 3
125.2
96.3
98.1
89.1
68.2
82.4
103. 8
Exports
do
35.2
35.2
44.8
32.7
62.7
52.3
51.6
72.8
91.1
51.9
45.8
46.3
46. 4
54.9
63.5
Price , wholesale , refined (Chicago).. _ __ . $ per lb_ _ .125
.122
.125
.128
.131
.143
.126
. 130
. 131 .130
.130
.131
.135
.160 •P.. . 148
'Revised.
'Preliminary.
« M onthly a verage b ased on 11 months (Feb.-lDec,),
1
2
3 (^uarterljT average
Crop estimate for the year.
Dec. 1 estimate o f!964cro p.
JRe vised eff ective Jgin. 1961 i ri accord*mce wit?i the Sta ndard Internatiorial Trade Classi*6 Old crop only; new grain not reported until begirming of ilew crop year (Ju ly for wlieat).
ficatio n (SITC ) group!ng of ite ms; this groupingI exclude s lard (iiacluded in forme r export
Beginning Jan. 1964, flour included in total is coaverted to grain equivale nt on ba sis of
series) and satisage casings (for merly in eluded) 3ut inchides mea t extract s, etc. (formerly
2.33 bu. of wheat to 100 Ib. of flour (2.3 bu. formerly used),
excluc ,ed). D ata for J an. 1961- Aug. 19f )2 are a^ railable iupon recluest. • Beginnirig July
7
{
e Average based on months for which quotations ar e available.
1964, c Lata are ] or 26 pul3lic marl:ets.
No quc>tation.
Choice only.
SUEVEY OF CUERENT BUSINESS
January 1965
Unless otherwise stated, statistics tbrongli 1962
and descriptive notes are shown in the 1963
edition o ff BUSINESS STATISTICS
1962
1963
Monthly
average
1964
1963
Nov.
S-29
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
Poultry:
POULTRY AND EGGS
^
Stocks, cold storage (frozen), end of month, total
mil.lbTurkeys
do
Price, in Georgia producing area, live broilers
$per lb._
Eggs:
Production on farms
mil cases0__
Stocks, cold storage, end of month:
Shell
-_
thous. cases O_.
Frozen
_.
.mil. lb__
Price, wholesale, extras, large (delivered; Chicago)
$perdoz__
578
604
688
636
552
459
494
541
569
611
635
699
778
838
725
359
215
320
188
273
151
241
123
219
100
211
89
227
102
275
149
366
233
'488
'342
'419
'274
358
209
.140
.135
306
199
295
184
426
288
.144
.138
.138
.128
. 139
.141
.140
. 135
. 130
.135
.145
.140
.145
.140
14.5
* 14. 6
14.2
14. 7
14.8
14.4
16. 0
15. 7
16.0
15.0
14.9
14.5
14.0
14.6
14.4
15.1
186
82
132
73
111
68
67
55
137
44
78
40
36
46
81
62
171
86
201
106
184
114
119
108
155
98
160
84
'102
69
60
58
.334
.343
. 376
.372
.387
.320
.326
.290
.276
.293
.326
.381
.362
.363
.329
.308
23 8
.208
235
.253
13 8
.255
21 0
.261
26 7
.263
23 9
.233
29 4
.236
16 8
.220
17 6
.228
22 2
.224
18.4
.235
26.8
. 228
19.7
.234
23.9
.235
18.6
.226
.240
1 3 355
2 5 ggg
2
3, 922
2
2,041
758
1,986
772
2,181
1,026
.344
105
.345
110
.380
133
180
206
1,424
970
364
217
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
x •
Price, wholesale, Accra (New York)-— _$ per lb__
Coffee (green):
Inventories (roasters', importers', dealers'), end
of Quarter
thous bagsc^
Roastings (green weight) Quarterly total do
Imports, total
do
From Brazil _ _
_. __ _
„
do
Price, wholesale, Santos, No. 4 (New York)
$ perlb..
Confectionery manufacturers' sal'*s
mil $
Fish:
Stocks, cold storage, end of month
.mil. lb__
Sugar:
Cuban stocks, raw, end of month
thous. Spanish tons..
TTnited States:
Deliveries and supply (raw basis) :§
Production and receipts:
Entries from off-shore total Q
Hawaii and Puerto Rico
do
do
Deliveries total 9
do
Stocks raw and refined end of month do
Exports, raw and refined
sh tons
Importsr
Raw sugar, total $
thous sh tons
From Republic of the Philippines
do
Refined sugar, total. ___..
_ do
Prices (New York):
Raw, wholesale...
_._
$ perlb..
Refined:
Retail (incl N E New Jersey) $per51b
Wholesale (excl excise tax)
$ perlb
Tea imports
thous Ib
Baking or frying fats (incl. shortening):
Production
mil Ib
Stocks (producers' and warehouse), end of month
mil Ib
Salad or cooking oils:
Production
....
_
do
Stocks (producers' and warehouse), end of month
mil Ib
Margarine:
Production
do
Stocks (producers' and warehouse), end of month
mil Ib
Price, wholesale (colored; mfr. to wholesaler or
large retailer; delivered? . . _ _ _ _
$ per Ib
4,366
6 645
4 726
6 306
5 704
4,006
5,041
4,216
5,016
2,143
1,977
982 r 718
1,970
591
2,476
1,006
2,460
843
1, 597
302
1,344
399
1, 552
441
1,428
368
1, 660
525
1,960
367
2,330
924
.380
119
.480
129
.465
120
.505
109
.500
104
.490
89
.485
86
.475
77
.473
101
.455
161
'.483
'163
.475
141
.458
249
244
220
178
163
156
162
177
200
216
219
213
217
213
••929
108
^98
130
625
1,345
1,835
1,695
1,380
780
255
125
80
25
314
540
159
938
241
94
939
124
56
595
1 213
78
305
224
108
197
371
228
120
348
223
66
399
216
45
723
244
120
783
190
156
529
158
753
146
116
83
54
1 599
836
832
1,675
639
637
1,920
952
950
2 487
642
641
2 579
583
582
2, 581
701
700
2 533
732
731
2,341
765
764
2, 185
919
918
1,866
550
166
821
Qio
1,370
79
628
224,
976
974
1,493
978
977
1,234
830
975
823
971
••965 ' 1. 408 p 2. 024
259
342
1,127
352
585
785
571
367
407
396
231
231
171
187
148
359
102
25
359
91
214
9
314
; 19
423
94
14
103
68
2
92
11
2
226
89
1
205
42
3
340
127
1
293
77
5
367
170
11
271
101
6
4?9
183
7
391
104
22
381
109
8
.065
.081
.095
.,084
.095
. 082
.074
.068
.066
.063
.062
. 062
.063
.060
.722
.105
.696
.102
.668
.092
.092
. 092
.089
.089
p .089
1 2, 377 13 982
11, 552
10, 409
10, 392
8,533
10, 897
10,674
10, 242
221.4
233.8
182.2
228.9
246.0
263. 9
238.5
99.9
94.4
101. 7
112.2
249.9
.750
. 127
569
089
688
111
10 808
10 503
10, 571
224.0
211 1
228.8
769
.125
.774
.118
8 851 10, 823
10 627
771
.122
203.0
207.1
209. 8
.073
737
.112
213. 0
216.3
173 5
132.3
104. 2
119 3
114.2
113.4
113 9
116.5
122.1
131. 1
117.2
211.0
191.0
177.0
183.2
175.6
199.9
211.4
201.0
207.4
235. 1
238.8
296.1
280.3
277.8
245.0
248.7
160.0
145.1
137. 5
124.7
119.5
126.2
129.0
120. 7
104.7
116.9
105.4
110.1
137. 5
143 8
145 4
147.9
163 1
181. 4
159.4
159 8
150. 2
138.4
134.3
136.5
142. 5
162.1
182.2
143.9
39 0
45.8
40.8
36.4
42.7
46.7
52.0
48.6
50.6
47.2
44.4
44.8
40.2
44.5
47.2
.238
.238
.238
. 238
.238
.238
.238
.238
. 238
.238
.238
.238
.241
p. 250
46.3
37 2
41.9
37 3
44.6
39 2
49.6
42.0
45.9.
40.4
41.9
34.9
43.3
43.6
37.2
36 8
45.0
38.4
44.6
32.1
256
.064
FATS, OILS, AND BELATED PRODUCTS
Animal and fish fats: A
Tallow, edible:
35. 8
41.3
Production (quantities rendered)
mil Ib
41.4
42.8
38.5
30.2
30.7
Consumption in end products
do
33 6
37 7
28 8
Stocks (factory and warehouse), end of month
25.7
41.3
35.7
29.0
35. 6
mil Ib
Tallow and grease (excep t wool) , inedible:
Production (quantities rendered).
do
287.8 317.2
327.3 319.9 363.3
150.6
Consumption in end products....
do
141.8 « 183. 6
150.7 140.1
Stocks (factory and warehouse), end of month
384.7
385.
9
372.
8
386.
2 387. 3
mil Ib
\••
Fish and marine mammal oils:
7
Production!
do
21.3
15 3
10 0
61
Consumption in end products
do
8.2
7.4
6.5
6.5
7.2
Stocks (factory and warehouse), end of month
mil. Ib.. 144.0 6 166. 5 7 197.1 7168.4 7 129. 8
«•2 Revised, v Preliminary. l Beginning Jan. 1963, includes data for Alaska and Hawaii.
Quarterly average.
a Effective Sept. 1963, includes small amounts of refined sugar,
tinctured, colored, or adulterated.
* Not available.
* Beginning Jan. 1964, data are not
comparable with those for earlier periods; consumption for feed now based on Tenderers'
shipments instead of feed mill reports.
e Beginning March 1963, includes 7General Services
Administration stocks no longer required for the strategic stockpile.
Includes a significant amount described as "contaminated."
36. 4
37.4
38.5
38.7
37.8
35.5
29.9
24.6
24.0
29.2
336.4
173.2
335.3
161.8
366.0
173.8
361.0
178.3
351.3
193. 0
347. 4
159.9
332. 2
184.0
322.3
187. 1
372.6
196.0
343.7
167.6
421. 5
395. 9
395.9
331. 1
331.9
314.7
305.3
281.9
294.2
312.4
2
6.9
3
6.9
29 4
6. 8
40 2
7.0
31 8
6.2
26 1
7.4
18 5
7.2
r 15 3
69
6.1
35
7.6
6.3
95.5
110. 5
99.4
113. 2
124. 6
139.6
145.6
147.4 ' 130. 0 144. 6
OCases of 30 dozen.
cfBags of 132.276 Ib.
9 Includes data not shown separately; see also note "§".
§ Monthly data reflect cumulative revisions for prior periods.
AFor data on lard, see p. S-28.
^Revisions for Jan.-June 1962 appear in the Sept. 1963 SURVEY.
S-30
January 1965
SUKVEY OF CURRENT BUSINESS
1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
Monthly
average
1964
1963
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS— Continued
Vegetable oils and related products:
Coconut oil:
Production:
Crude
mil. lb
Refined
__do__
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of month
__ _
mil. lb__
Imports
_ _-._ _- -. do
Corn oil:
Production:
Crude
do
Refined
_
__do
Consumption in end products J
do
Stocks, crude and refined (factory and warehouse) end of monthl
mil lb
Cottonseed cake and meal :
Production
thous sh. tons
Stocks (at oil mills) end of month
do
Cottonseed oil:
Production:
Crude
___mil.lb.
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of month
mil lb
Exports (crude and refined)*
do
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 lb_
Price wholesale (Minneapolis)
$ per lb
Soybean cake and meal:
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 montht - mil lb
Exports (crude and refined)*
do
Price wholesale (refined ' N Y )
$ per lb
TOBACCO
Leaf:
Production (crop estimate). _ _
.______mll. lb
Stocks, dealers' and manufacturers' end of quarter, total
L ... .
mil lb
Exports, incl. scrap and stems
thous lb
Imports, incl. scrap and stems
do
Manufactured:
Production (smoking, chewing, snuff) . do
Consumption (withdrawals):
Cigarettes (small) :
Tax-exempt
millions
Taxable
_
.
do
Cigars (large), taxable
do
Manufactured tobacco, taxable. _ thous lb7
Exports, cigarettes
millions
4
135.8
44.3
57 5
29.0
46.2
60 4
39 4
44.5
57 0
29 8
41 5
59 3
30 0
41 2
58 0
30 0
41.6
58 7
(2)
41 1
61 9
18 6
48 4
66 7
20 0
41.9
65 9
25.2
38.0
58 7
32.6
46. 2
61.1
29.3
43.2
69.7
27.5
39.8
66.2
32.1
46.9
74.0
37.8
38.9
61.7
243.4
22.1
227.4
31.0
209.3
7.8
195. 9
0
193 4
61.1
196.5
41.6
/185. 5
46.1
166. 0
34.8
158.2
27.8
154.7
36.4
166.3
35.4
178. 5
68.8
161.7
9.3
131.8
15.3
146.7
14.5
30.4
29.3
26.8
32.5
30.3
27.5
34.6
32.2
28 0
30 9
312
32 2
32 7
30 1
33 3
34 6
28.6
34 5
37.2
34.7
33 0
36 6
30.0
31 7
35.9
27.7
30 9
37.0
34.3
33 ! 0
33.0
32.9
34.3
33.9
38.5
35.2
31.5
29.9
31.2
36.0
41.3
42.6
33.5
32.8
34.8
49.1
58 2
67 4
64 8
62 4
60 5
60 3
63 9
62 6
63.8
62.2
59.7
61.9
52.4
43.4
223.2
118 6
225 3
172 9
353.7
195 6
304 8
188 0
326 5
207 5
292 8
241 4
259.1
259 9
212 9
295 7
165.1
325 6
116.7
305 0
87.2
250.2
82. 5
171.5
181. 9 ' 316. 9
138.8 137.4
339.0
159.9
161.5
132.4
108 8
158.2
131 1
95 6
249.4
174 2
98 9
212.3
171 9
101 7
231.4
158 2
95 2
207.4
137 1
102 9
185.8
146 7
107 5
154.7
151 9
103 8
119.2
137 2
99 2
86.6
117.2
111 9
60.3
78. 9
105.4
55.9
72.2
111 8
127.2 ' 227. 3
86.7 143.9
127.9 140.3
243.3
177.2
129.8
419.6
30.9
. 167
598 4
30.4
153
637. 4
31.0
.161
685 6
40.8
146
739 8
53 3
143
803 7
48 7
141
801.6
76. 3
145
810 2
38.4
.149
769 2
54 0
152
701. 6
43.1
«.132
611.0
21.2
.133
498.4
75.3
.131
432. 8
43.7
.130
450.1
35.0
.135
534.7
19.1
». 150
31.8
31 5
33 3
32 0
34.9
28 2
32 1
26 4
35 3
28 0
33 6
31 0
33.5
32 5
31 5
35 1
39 3
34 6
40.8
36 4
33.7
35 2
38.2
32 2
42.1
30 3
45.7
30.3
35. 2
25.8
111.8
.142
116 7
127
109.4
.128
111.8
129
124.4
133
132.0
133
132.9
133
131. 6
133
137.6
133
139.4
.133
125.9
.133
124. 6
.133
125.1 ' 145. 8
.133
'.134
158.2
p. 139
867 8
86.5
900 1
127 3
918.7
165.1
912 0
159. 5
842 0
152 4
807 3
162.4
790.7
157.2
819 0
139 9
855 2
167 6
830 8
124.1
893.8
121.4
885. 1
119.8
852.3 1, 027. 4 1, 022. 2
100. 7 116.7
120.3
407.4
338. 9
340.7
421 i
334 1
318 3
426.2
331.6
317 3
425 4
329 2
316 1
388 6
351 2
336 6
376 2
328 3
330 9
368 9
362 7
353 3
385 6
352 1
344 §
398 7
355 6
342 3
386 2
400.5
366 1
412.0
340. 5
341 7
413.6
435.6
425 8
398.8
458.4
434 8
482.5
444, 3
432.5
803.9 »865 2
101.1
92 1
.133
133
898.9
42.1
.141
987.9 1,022 4 1, 006. 4
57.3
74.7
70.2
. 127 .123
122
991. 4
69.2
.122
922 3
126.0
.121
873 3
62 7
123
814.9
99.5
«.102
759.4
127.1
.109
666.5
132.1
.110
577.8
124.8
.120
538.4
532.7
110.2 117.8
. 129 p. 149
31 306
14 147
4,915
44 084
15, 735
32, 793 28, 522
14,860 15, 012
5,024
69, 311
16, 521
56, 037
16, 706
14, 647
15, 350
13, 146
15, 035
16, 189
3 877 3 708 3 986
42, 584 44 420 43, 303
693
719
689
13 187 13,909 14, 820
2 148 1 990 2,827
3, 571
47, 136
777
15, 139
1 844
2 042
84,931
42, 124
13, 985
14,066
3,422
41,205
530
13, 770
2,007
>
467.9
392.1
368.7
2, 315 '<2,343
«4,696
39, 073
13,951
l
« 2, 230
59, 291
14, 737
5,251
56, 370
12, 553
36 901
12, 438
36 307
22, 822
5,314
23 529 29, 667
12, 876 14, 687
13,959
13, 017
11,947
15, 068
16,150
16, 937
3,424
42,466
547
13,708
1,968
3,561 3,360
41, 272 36, 684
648
407
12, 858 12,440
2,047
1,964
3 344 3,234
40, 980 29, 168
622
594
14, 863 15, 550
1, 843 1,702
16, 701
3 216 3 144
37, 854 43, 686
682
670
16, 214 16, 028
2 107 1, 862
3 126 3 644
41 714 45 154
699
731
14, 231 14 757
1 890 2 046
14, 513
56, 081
14, 846
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9
.thous. $_.
Calf and kip skins
thous. skins..
Cattle hides.
...thous. hidesImports:
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, 9^/15 l b _ _ _ _ . _ $ p e r lb__
Hides, steer, heavy, native, over 53 lb..—..do.
6,215
155
664
7,256
206
5,711
203
659
6,525
255
787
6,779
233
904
6,385
245
778
213
882
8,620
239
1,072
8,252
151
987
7,890
184
972
8,032
104
1,051
7,810
162
945
8,385
148
1,004
9,005
204
1,101
5,539
5,253
2,290 7 2,192
1,198 1,231
3, 905
781
1,000
4,212 5,223
1,361 81, 031
1,150 1,360
7,122
3,254
1,113
8,456
4,370
1,099
8,111
3,380
1,323
8,519
3,615
1,650
8,242
2,732
1,134
8,369
3,354
1,157
5,631
1,891
850
8,077
3,527
4,083
871
863
4,382
1,052
570
p.365
». Ill
.300
.110
.325
.078
.325
.400
.113
.438
.430
.104
.430
.115
.450
.124
.450
.119
.450
.124
P . 450
» . 120
414
1,790
1,047
2,727
484
1,835
1,059
2,731
525
1,993
1,171
2,813
601
1,993
1,132
3,018
611
1,957
1,134
2,736
495
1,693
1,015
1,917
542
1,993
790
2,865
572
1,937
1,047
2,528
639
2,057
1,092
2,750
4,522
4,051
4,950
4,486
4,293
3,809
4,562
3,627
3,443
3,762
2,555
2,602
3,266
3,050
3,241
3,828
3,307
.650
.647
.657
.657
,657
.657
.657
.657
6,909
171
593
.152
.325
.090
.325
.083
LEATHER
Production:
Calf and whole kip.
thous. skins
498
466
453
471
Cattle hide and side kip...thous. hides and kips " 1,877
1,804
1,793
1,798 1,844
Goat and kid
_
thous. skins.. 1,184
1,182
1,137
1,212 1,325
Sheep and lamb
_
...do
2,527 2,864 2,906 2,693 2,552
Exports:
Glove and garment leather
thous. sq. ft.. 3,502 4,640 4,763 4,863 5,273
Upper and lining leather
do
3,019
3,423 3,984 4,968 4,393
Prices, wholesale:
Sole, bends, light, f.o.b. tannery.
-$perlb_. ».711 p.678
.657
.657
.650
Upper, chrome calf, B and C grades, f.o.b. tannery
.$ per sq.ft.. »1.326 * 1.151 1.103 1 1.137
1.143
r
2
Revised.
* Preliminary.
1 Average based on reported annual total.
Not available,
a Average based on months for which data are available.
< Crop7 estimate for the
year.
«Dec. 1 estimate of the 1964 crop.
« Quarterly average.
Effective Sept.
1963, data reflect minor changes in coverage to conform with '/Tariff Schedules of the United
States."
8 Effective Jan. 1964, data exclude items presently reported in Ibs, instead of
^Revisions for 1962 appear in the Sept. 1963 SURVEY.
3,015
2,756
'. 663 » . 663
1.137 1.133
1.137
1.138 ' 1.180 1.187
1.170
1.223
1.197 1.223
*New series. Data prior to Sept. 1962 may be obtained from Bureau of Census reports'
§ Monthly averages for 1951-56 (corrected) appear in the Aug. 1964 SURVEY.
9 Includes data for items not shown separately.
° Beginning June 1964, data are not comparable with those for earlier periods because of
changes in specifications or reporters (for leather). May 1964 prices on new basis: Cottonseed oil, $0.132; soybean oil, $0.103: leather, $1.180.
SURVEY OF CURRENT BUSINESS
January 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1964
1963
1962 | 1963
Monthly
average
S-31
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
50,620
50,902
Nov.
Dec.
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:
Production, total J
thous pairs
Shoes, sandals, and play shoes, except athletic
thous pairs
Slippers for house wear
_
do
Athletic
do
Other footwear
do
Exports _ -do .
Pric es, wholesale , f .o.b . factory :
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
- - 1957-59 =100__
Women's oxfords, elk side upper, Goodyear
welt
1957-59=100
Women's pumps, low-medium quality___db
49, 195
46 978
42 397
43 067
51 556
50 033
52 314
49 205
47 685
47, 526
47, 436
53,075
41,670
6,331
617
577
39 876
5,938
596
568
34 117
7 058
511
711
38 009
3 929
482
647
46 689
3,882
397
588
44 634
4, 614
390
395
46 250
5 107
439
518
42 217
5 969
443
576
40 325
6 280
354
726
40,544
5, 903
290
789
40, 630
5,834
256
716
44,074 '41,128 40,457
7,887 ' 8, 109 9,238
275
281
259
1,124
932
833
177
170
208
132
115
156
210
174
145
162
141
150
105.6
105.1
105 1
105 1
105 1
105 1
105 1
105 1
105 1
105 1
105.1
107.8
111.2
106 5
110.7
106 5
110.6
106 5
110.9
106 5
111.2
106 5
110. 6
106 5
110.6
106 5
110. 8
106 5
110.9
106 5
110.9
106. 5
110.9
163
219
133
105 1
105. 1 «• 108. 8
108.0
106.5
110.8
106. 5
111.0
106.5
111.7
106.5
111. 5
LUMBER AND PRODUCTS
LUMBER- ALL TYPES
National Lumber Manufacturers Association :cfO
Production, total
._ mil. bd. ft__
' Hardwoods
do
Softwoods
.-__
_do
Shipments, total
Hardwoods
Softwoods
:
. do
do
do
,__
Stocks (gross), mill, end of month, total do.—
Hardwoods
_. __ do
Softwoods __.;
do.
,2, 764
530
2,234
2, 882
581
2,301
2 798
600
2,198
2 559
501
2,058
2 701
501
2,200
2 817
524
2,293
3 054
493
2,561
2, 999
482
2,517
2 953
465
2,488
3 041
539
2,502
3 052
541
2,511
3 108
554
2,554
3,205
510
2,695
3 085
509
2,576
2,738
509
2,229
2,777
525
2 252
2,866
564
2 303
2 707
579
2 128
2 579
516
2 063
2 686
514
2 172
2 945
548
2 397
3 082
547
2 535
3 129
537
2 592
3 041
524
2 517
3 121
535
2 586
3 170
539"
2 631
3 067
583
2 484
3 066
537
2 529
3 098
557
2 541
2 709
559
2 150
6, 346
1, 529
4,817
6,504
1,842
4,662
6,555
1 987
4 568
6,541
1 971
4 570
6,594
6,472
1 957 1 930
4,637 4 542
6, 461
1 871
4 590
6,386
1 810
4,576
6,310
1 747
4 563
6,226
1 752
4 474
6,156
1 754
4,402
6,210
1 722
4 488
6,343
1 693
4 650
6. 358
1 638
4 720
6,389
1 590
4 799
Exports, total sawmill products
Imports, total sawmill products
__
.do....
do
63
408
73
*445
82
381
84
364
70
281
68
391
97
455
72
475
90
445
77
576
95
556
82
478
80
470
78
390
76
405
SOFTWOODSd"©
Douglas fir:
Orders, new
Orders, unfilled, end of month
mil. bd. ft_.
__.do
680
496
679
538
649
528
665
535
842
671
738
721
694
637
731
594
705
558
735
520
788
491
692
470
713
442
817
530
690
555
do
do__
___do
665
673
991
671
676
969
666
641
923
638
659
903
761
706
984
708
688
1 004
771
778
997
798
773
1,056
756
741
1 048
770
773
1,045
744
817
1 002
713
712
1,010
752
731
742
729
1 020 1 065
665
666
1 089
Exports, total sawmill products
do
26
Sawed timber _ _ _ _ _ « _
do
10
Boards, planks, scantlings, etc..»
do
17
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$ per M bd. ft.. 78.65
Flooring, C and better, F. G., 1" x 4", R. L.
$perMbd.ft._ 122. 52
Southern pine:
Orders, new...
mil. bd. ft..
478
Orders, unfilled, end of month
_do.._.
255
31
12
19
37
14
23
37
18
19
28
11
17
38
14
24
27
10
17
41
18
23
29
9
20
39
13
26
29
12
17
Production
Shipments
.
Stocks (gross), mill, end of month
Production... _ _ - _
do
478
Shipments
_
_
do
' 475
Stocks (gross), mill and concentration yards, end
of month.
_
...mil. bd. ft_. 1,366
Exports, total sawmill products...
M bd. ft__ 6,325
Sawed timber
.
do
1, 571
Boards/planks, scantlings, etc
do.... 4,754
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
93.1
1957-59 =,100..
Flooring, B and better, F. G., 1" x 4", S. L.
94.6
1957-59=100..
Westernpiner
Orders, new..
....mil. bd. ft__
800
Orders, unfilled, end of month-_do
416
Production
do.
Shipments
do
Stocks (cross), mill, end of month
do.
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over).
__$ per M bd. ft
27 '!
12
15
24
7
17
25
10
15
35
13
21
79.92
77.73
77. 96
78.20
81.43
82.01
83.10
82.99
82.03
81.51
81. 52
81.40
«• 81. 05 » 79. 98
134.22
139. 77
141.38
142. 46
150.02
152. 42
151.90
153. 45
153.45
155.52
155. 52
155. 52
155 52 p 155. 52
491
280
483
264
379
256
447
259
466
270
528
289
557
306
536
294
550
284
540
267
508
260
514
253
554
265
490
260
484
488
484
498
411
387
475
444
476
455
520
509
534
540
517
548
525
560
534
557
500
515
515
5^1
520
542
505
495
1,380
6,414
1,313
8,210
1 225
6^985
1,368
1,337
7,955 6, 603
747
1 300
5,856
6, 655
1,389
6,391
902
5,489
1,400
10, 643
1 Oil
9, 632
1,394
8,694
788
7,906
1,363
10, 050
847
9, 203
1,328
9,692
1 521
8,171
1,305
8,400
823
7,577
1 290
9,496
1 691
7 805
1,284
8,033
800
7, 233
1, 262
8, 500
860
7 640
1, 272
6, 711
532
6,179
QQO
5,583
92.5
93.0
92.8
92.7
92.8
92.6
92.7
93.2
92.7
92.9
92.3
92.4
'92. 9
92.7
95.2
95.6
95.6
95.6
95.4 ^ 9 5 . 4
95.4
95.4
95.1
95.1
95.1
95.0
95.3
95.3
849
383
730
352
759
347
891.
503
937
501
876
496
894
484
837
437
914
459
947
485
894
453
924
430
966
434
726
413
789
797
1,679
841
839
1,657
772
762
1 693
749
764
1,678
682
735
1,625
806
939
1,492
930
881
1,541
851
906
1,485
893
884
1 494
875
893
1 476
927
920
1 483
1 m A.
1 571
1 098 1 003
781
947
962
747
1 722 1 764 1 798
67.43
67. 42
64.62
63 50
63.07
63.67
66.45
68.05
69 92
69 01
67 16
65 52
63 73
3.1
10.5
2.7
2.9
7.9
2.9
10.8
2.8
2 7
6.5
2.1
10.4
2.5
24
6.6
2.2
10.5
2.6
19
7.1
2.6
10.8
26
2 2
7.6
2.8
11.6
22
19
7.9
3.0
12.4
2 3
2 4
7.8
3.1
12.5
30
27
7.9
2.8
12.5
27
2 6
7.9
3.1
12.2
2 9
34
7.3
2.6
11.3
24
36
6.0
2.5
11.1
14
24
4.8
2.5
10.9
21
65.7
42.8
65.0
65.9
75. 2
68.3
45.2
69.3
69.1
43.6
55 1
34.7
68.3
64.7
41.2
51 0
36.9
62.8
56.4
46.6
75 7
44.7
72.7
64.4
55.0
84 2
63.6
65.2
65.2
55.0
74 7
68.6
71.2
,73.2
52.5
69 4
62.3
73.2
72.3
53.4
58 1
54.1
70.3
68.1
54. 4
62 5
48. 5
72.1
70.4
53.1
74 5
50.4
72. 1
72.6
52.6
7K f)
53.3
69.0
70.0
50.1
67 0
48.8
70.2
72.4
47.9
QOC
r
.___._::
($ 52 P 62 64
HARDWOOD FLOORING
Flooring:
Maple, beech, and birch :
Orders, new..........^.....
mil. bd. ft..
Orders, unfilled, end of month,
do
Production
,
__ do. _
Shipments.....
,_
do
Stocks (gross), mill, end of month
do
Oak:
Orders, new
.._.,
do
Orders, unfilled, end of month, __
do
Production
do
Shipments
....
do
Stocks (gross), mill, end of month
do....
••Revised.
p Preliminary.
1 Beginning Sept. 1963, data exclude small amounts
formerly included.
tRevisions by months for 1961-Sept. 1963 are shown in Bu. of Census
reports M31A(62) and (63)-13.
0 0
4.4
2,6
10.6
2.2
10 4
2
2 A
4.2
0 Q
Q
4.3
0
fk
ac 7
K7 7
39.5
74.3
74.7
47. 5
35.3
64.8
62.0
50.4
cfRevisions by months for 1961-Oct. 1962 for production, shipments, and orders will be
shown later; those for 1951-62 for stocks appear on p. 28 of the Jan. 1964 SURVEY.
©Beginning Jan. 1961, data for Alaska included in pertinent items.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
| 1963
1964
1963
Monthly
average
Nov.
January 19&5
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products..
__.thous. sh. tonsScrap
.
-- do
Pigiron*
'_
___do__ _
168
426
.13
182
530
6
207
428
5
230
564
6
226
580
4
212
557
3
235
744
0)
218
708
14
256
770
34
300
679
39
333
718
27
330
709
2
259
677
22
298
619
8
265
495
14
Imports:
Steel mill products 5
Scrap f
Pigiron*
342
22
42
454
19
55
516
16
80
402
29
51
481
27
29
428
26
36
474
23
21
495
16
29
544
17
78
604
31
99
582
17
90
525
24
95
493
24
48
555
36
101
734
36
75
5,494
3,387
2, 107
5,513
8,844
6, 168
3, 715
2,453
6,218
7,977
5,898
3,513
2,385
5,971
7,962
5,873
3, 535
2,337
5,944
7,937
6,363
3, 876
2, 487
6,530
"7, 778
6, 366
3,841
2,524
6, 560
7,599
6,813
4,263
2,550
7,162
7,302
7, 069
4,445
2,624
7,340
7,030
7,243
4,496
2,748
7, 351
6, 921
28.12
29.00
26. 78
27.00
27.02
25. 00
27. 24
26.00
28.94,
29.00
28.63
29.00
28.85
31.00
30.36
32.00
30.62
33.50
31.91
34.50
33. 22
36.00
37.05
38.00
34.90
36.00
6,050
5, 859
2,786
6,060
6,156
2,791
3, 876 .
5,997
2, 980
3,543
1,846
1,940
4,067
1,406,
1,693
4,088
1,446
1, 667
4, 167
5, 731
8,918
9,448
1,598 ' 5, 000 '9, 758 '10,227
4, 752
2,017 2,403
3,451
9,199
11,059
5,070
9,238
10, 969
5,062
- - --
_
do
do
do
Iron and Steel Scrap
Production and receipts, total
thous. sh. tons..
Home scrap produced
do
Purchased scrap received (net)
do
Consumption total
do
Prices/steel scrap, No. 1 heavy melting:
Composite (5 markets)
..._.$ perlg. ton..
Pittsburgh district _-_
~ _-- do__ .
Ore
V
Iron ore (operations in all U.S. districts) :
Mine production.. _ _ _ _
.thous. Ig. tons..
Shipments from mines
do
Imports
do
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
^ .do
Consumption at iron and steel plants
do
Exports
do
Stocks total end of mo. _
do
At mines
do
At furnace yards
do
At U S docks
do
Manganese (mn. content), general imports^ __do____
35.41 f 36. 42
38. 00 P39.00
9,002
7,730
10, 222 10, 201
4,717. 4,385
3, 491 7,323 13, 432 14, 029 15,077 14, 497 13. 676
4,052 2,710 3,225
9,801 10, 558 10,019 10, 002 10, 363 10,270
9,764
8,458 9,113 8,867
347
211
195
719
852
341
255
621
934
945
77, 566 ••73,394 '70,188 '66,068 '63,889 '65,666 '68,868 '72, 074 '74,365 '76,525
11, 175 '13,477 '16,118 '18,632 '19,350 '18,501 , '17,722 '15,861 '14,129 '12,910
61, 044 54, 644 49, 002 42, 729 40, 250 43, 124 47, 134 52, 209 56, 343 59, 758
4,289
4, 012
4,707
3, 893
4,041
3, 857
4,004
5, 347 5,273 5, 068
3,700
8, 121 8,458
8,041 8,669
491
568
75, 737 '73,797
14, 657 ^15,049
55, 289 53,376
5, 372
5,787
8,932
8,033
428
80, 030
9,237
65, 450
5,343
79
84
88
46
71
54
62
105
53,
110,
80
64
5,477
5,550
5,993
6, 057
5,' 565'
5,587
5,897
5,949
6,291
6,415
6,199
6,306
6,910
7,030
6,973
7, 058
7,435
7,506
7,076
7,006
7,158
7, 142
7,780
62.75
62. 75
63.00 p 63. 00
63.50 ?63.50
(2)
13, 141
11, 069
928
76, 367
10, 439
61, 831
4,097
11, 476
10,900
648
62,407.
4, 007
92
Pig Iron and Iron Products
Pier iron:
Production (excluding production of ferroalloys)
thous. sh. tons..
Consumption
do
Stocks (consumers' and suppliers'), end of mo.
thous. sh. tons..
Prices:
Composite
~.
$ perlg. ton..
Basic (furnace)
_ _ _ _ _ _
_
do A
Foundry, No. 2, Northern
__ ..do .
Castings, gray iron:
Orders, unfilled, for sale, end of mo.
thous. sh. tons..
Shipments, total <.
_
do
For sale
...do _
Castings, malleable iron:
Orders, unfilled, for sale, end of mo.
thous. sh. tons. _
Shipments, total
-_ __ _ do _
For sale
do
7, 674
3,178
2,814
2,827
2,806
2,730
2, 654
2,569
2,493
2, 400
65.46
65.50
66.00
.
62. 87
63.00
63.50
62.75
63.00
63. 50
62.75
63.00
63.50
62.75
63.00
63. 50
62.75
63.00
63.50
62.75
63. 00
63.50
62. 75
63. 00
63.50
62. 75
63.00
63. 50
62. 75
63. 00
63.50
62. 75
63.00
63. 50V
62.75
63.00
63. 50
62. 75
63.00
63.50
680
963
527
783
1,064
591
692
1,049
575
719
1,014
534
806
1,068
542
759
1,096
565
, 817
1,229
687
837
1, 264
699
859
1, 227
678
834
1,245
697
891
1, 116
635
902
1, 191
731
859
1,255
762
878
. 1, 221
733
73
72
42
81
78
44
80
78
42
88
79
42
91
84
49
91
82
44
94
88
47
'92
93
52
92
95
54
95
89
49
101
r
71
44
112
80
48
112
85
52
115
76
54
8, 194
101.2
9,105
112.5.
8, 488
106.3
8,753
10G.1
9, 515
115. 3
9,474
122.8
10,485
127.1
10, 549 11, 048
132. 1 133.9
10,173
127.4
10, 095
122.4
10, 503
127. 3
10, 656
133. 5
183
119
93
219
125
100
255
126
101
262
133
107
312
145
117
333
141
114
345
157
129
331
162
132
323
154
126
322
162
130
321
139
112
317
137
108
316
157
124
344
162
127
do
308
113
86
306
116
88
311
111
84
312
114
88
320
139
111
322
121
93
328
138
107
334
137
107
331
131
101
340
136
104
356
112
83
362
115
90
376
133
'103
389
135
104
do
do
do
do
do
5,879
231
395
522
86
6,296
263
443
603
92
5, 617
285
428
608
74
5,540
252
420
588
92
6,475
281
422
614
109
6, 239
311
405
613
120
7,124
394
468
679
141
7,359
333
509
737
143
7, 271
344
543
699
129
7,065
385
503
679
129
6,993
352
524
669
89
7, 344
361
554
726
96
7,367
386
562
793
99
7,314
418
546
762
108
972
916
977
853
909
Bars and tool steel total
•
do
631
597
680
579
584
Bars: Hot rolled (incl. light shapes)
do
224
167
169
199
220
Reinforcing
—
__do
112
110
120
99
97
Cold
finished
do
504
442
592
587
468
Pipe and tubing
..
do
262
192
221
221
259
Wire and wire products
;
do
563
505 , 488
323
352
Tin mill products
do
2,373 2,587
2,786
2,272 2, 378
Sheets and strip (Incl. electrical), total.. .do
735
833
646
672
685
Sheets* Hot rolled
do
1,126
1,209
1,149
1,316
1,044
Cold rolled
do
Steel mill products, inventories, end of mo.:f
10.0
9.3
10.3
9.5
9.4
Consumers (manufacturers only)__.mil. sh. tons..
5.2
4.4
4.8
4.3 1 4.6
Receipts during month
do
. 4.4
4.7
4.8
4.8
5.1
Consumption during month
do
3.4
3. 4
3.5
3.4
Warehouses (service centers). __
do....
3.5
Producing mills:
7.2
7.4
7.8
7.4
In process (ineots, semifinished, etc.) _ _ do
7.8
7.2
7.1
7.2
Finished (sheets, plates, bars, pipe, etc.).do
6.9
6.9
.0705
.0715
.0715 .0715
Steel (carbon), finished, composite price__.$ per lb~ .0698
r
2\ STot avai lable.
Revised.
» Preliminary.
* Less than 500 to ns.
*New series. Monthly data back to 1953 are avai lable.
f Beginning Sept. 1963, imports statistics reflec t adopti<m of the U.S. Ta riff Sche dules;
these data may not be strictly comparable with fi gures she>wn for i)rior moiiths.
916
621
172
114
545
226
494
2,608
,777
1,211
1,095
702
262
123
665
276
545
2,860
878
1,320
1,140
722
283
126
759
299
556
2,884
843
1,327
1, 145
734
281
122
721
299
553
2,838
834
1,311
1,113
1, 066
686
641
295
312
124
106
752 . 778
297
246
544
576
2,663
2,550
750
743
1,208
1,142
1, 109
686
301
114
741
260
538
2, 712
788
1, 208
1,142
709
304
121
733
273
476
2,984
879
1,341
1,182
740
302
131
692
273
430
2,949
867
1,279
1,145
745
265
126
610
234
399
3,092
862
1, 458
9.4
4.8
4.8
3.5
9.4
5.3
5.3
3.4
9.3
5.3
5.4
3.6
9. 5
4.8
4.8
3.8
9.6
5.4
5.3
3.7
10.0
5.1
4.7
'3.8
* 10. 5
P5.4
M.9'
*>3.9
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 of mo.
thous. sh. tons. _
Shipments total
do
For sale total
do
Steel forging's (for sale):
Orders unfilled end of mo
do
Drop and upset
Steel products, net shipments:
Total fall grades)
Semifinished products
Structural shapes (heavy) steel piling
Plates
Rails and accessories
x
9.2
5.1
5.2
3.6
9.2
5.2
5.2
3.6
6, 869
334
526
688,,
105
9.5
4.7
4.4
3.7
62. 75
11, 555 '11,279 v 11,566
140. 1 ' 141. 3 *140.2
7. 9
8,0
8.0
8.4
8.3
8.6
8.6
*>9. 0
8.8
8.8
7.6
7.6
7.3
7.7
7.6
7.5
8.3
*8.5
7.6
7.8
.0715
. 0715 .0715
.0715
.0715
.0715
.0715
.0715
.0715 0..0715. .0715
tEf fective w ith the 0 ct. 1963 £SURVEY, data for s teel cons umers (nlanufacti iirers onl y) reflect
recalc ulated e stimates based on the use of quant ity covei•age factc>rs (derhred from the 1958
Censiis of Ma nufactun is); previ ously pu Wished <I at a wer e based on cost coverage factors.
Re vis ions bac k to Oct. 1961 apt>ear in th e Oct. IS 63 SURV EY.
SURVEY OF CUREENT BUSINESS
January 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
| 1963
Monthly
average
"
1963
Nov.
Dec.
- '
/,
Jan.
Feb.
'
Mar.
S-33
" • . . ' .
Apr.
May
1964 , •
June
- .
July
Aug.
"
Sept.
.'
Oct.
Nov.
433
320
2, 727
Dec.
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products
Fabricated structural steel:
Orders new (net)
Shipments
Backlog end of year or rno
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 useO
thous sh tons
•>no
099
1 Af\A
1 047
AftK
091
356
310
2 306
304
9 97rt
1 10
1 fif)3
1 184
1 858
1 812
AAfi
•JA-1
•t r\99
oox
1
1 7A9
247
1 9O9
349
382
384
355
2 313
387
360
2 276
368
377
2 261
478
412
2 300
347
379
2, 490
379
374
2,497
408
362
2,599
355
379
2,575
1 389
1 955
1 379
2 108
1 334
1 960
1 273
2 110
1,360
2,146
1, 248
2,179
1,246
2,257
1,165
2,032
340
383
381
432
467
519
'500
424
208 3
69 0
214 6
63 0
203 7
56 0
216. 1
51 0
217.2
51 0
211.3
218. 4
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous sh tons
Estimated recovery from scrap f
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% mln
$ per lb_.
Aluminum shipments:
Insot and mill products (net) A
Mill products total
Plate and sheet (excl foil)
Castings
m
e
TQ9 7
46 0
KQ ' n
25.6
4.9
12 6
34.7
36. 9
13 8
19 fl
153 1
2388
IfjK a
i in 7
2300
2262
901 1
212 0
fi3 n
200 2
62 0
214 2
67 0
36.1
34.3
28.8
36.5
35.2
35.6
36.8
40.4A
n
16 8
13 0
15 9
20. 0
20 4
17.2
14.6
26.7
q A
18.9
44.3
35
19.1
25.6
33
17.2
108 0 "
2300
107 8
.2300
106 0
.2343
93 3
.2350
99 5
.2350
87.0
.2383
92.0
. 2400
104. 3
.2400
109.9
, 2400
121. 4
.2400
6 ' 597. 9 r 643. 4 r 567. 3 r 559. 9 '602.7
3 r 399 1 r 418. 2 '401 0 '385.4 r 398. 6
8 r 191 7 r 202. 2 r 180. 4 ' 178. 8 r 181.0
82.4
87.2
76.9
70.0
85 7
1
572.7
409.9
182.7
72.3
115.3
140. 4
107. 9
32.4
32.0
111. 1
134.8
110 7
24.1
26.6
' 52 4
9. 5
36 3
11 4
9flG 1
59.0
n
QQ n
2300
1AK H
f 542 5
r 35g 5
r 167 1
7Q °.
90 7
ins t>
107 3
140 4
f
5
20. 3
q o
15. 1
.2410
472 5 r 528 3
355 4
317 6
142 6 T 165 5
77 2
79 4
4Q9
q9/l
14.4
7Q
102 4
134 3
101 2
33 1
22 7
101 1
133 0
101 6
31 4
24 o
106 3
40 1
82
AK i
32 1
28 0
134 2
30 0
26 0
146 2
30 0
26 4
147 5
do
do
$ per lb__
177 5
102 0
.3060
175 4
96 0
.3060
150 3
75 9
.3060
Copper-base mill and foundry products, shipments
(quarterly avg. or total) :
Copper mill (brass mill) products ._
mil. lb__
Copper wire mill products© __'
do.__
Brass and bronze foundry products
do
589
409
229
616
428
239
Lead://
Production:
Mine recoverableleadt .
thous. sh. tons
Secondary, recovered from scrap©. _ .__do
19 7
37. 0
21 1
41 1
23 0
43 7
23 9
37 4
24 8
39 9
22 7
39 6
24 3
42 6
24 0
42 3
23 3
45 9
23. 8
42.3
23. 1
41.0
23 3
42.0
r 22 9
46 1
23 5
46.0
33.4
92 5
31 3
96 9
38 1
101 7
33 1
99 4
32 4
105 4'
37 7
93 7
31.2
92 1
26 0
97 4
26 4
96 7
32.1
100 6
27.6
91 5
23.2
98 2
23.3
100 9
28.8
104 4
19 2
90 8
mil Ib
do
do
do
Copper:
Production:
Mine recoverable coppesrt
thous. sh. tons
Refinery, primary '._
_
do
From domestic ores
do
From foreign ores
do
Secondary, recovered as refined
_
do
Imports (general):
Refined unrefined scrap ©f
do
Refined
do
Exports:
Refined, scrap, brass and bronze Ingots do ___
Refined
do
Consumption, refined (by mills, etc )
do
Stocks refined, end of mo., total
Fabricators'
.
•_"
Price, bars, electrolytic (N.Y.).—
Imports (general), ore©, metarf_—
Consumption total f
- -
do
do
Stocks, end of year or mo.:
Producers', ore, base bullion, and In process©
(ABMS)
thous. sh. tons
Refiners' (primary), refined and antimonial
"(lead content)
.
thous.
sh. tons.
Consumers'^1
- do
Scrap (lead-base, purchased), all smelters
thous. sh. tons
Price, common grade (N".Y.)__________$ per Ib__
Q Q
fi
'n
A.
ft
131 8
103 7
28 1
23 3
C9q Q
090 Q
m
o
or A
9°. 7
S9 fi
.3060
73.5
125.2
94 2
31.1
27.4
77.7
110. 8
78. 1
32.7
27.2
'93.1
110.4
83.0
27.4
27.1
42 1
10 9
50 6
10 7
48 0
11 4
47 9
12 5
45 5
12.6
5L1
14.1
33 2
25 4
162 2
33 6
28 2
163 8
33 4
25 9
163 9
33.4
25 7
178 5
33.9
25. 1
114.4
'24.9
16.4
150. 4
33.8 ' 40. 5 40.2
22.7
26.8
27 0
152.1 P 162.4 p 148.6
140 7
88 8
. 3112
135 9
882
.3160
132 9
86 4
.3160
125 6
90 2
.3160
163. 2
116. 0
. 3160
157 1
108.1
. 3160
147.0 P 138. 5 p 144 2
92.6 v 87. 2 p 90.7
.3361
.3223
.3366
35 4
11 3
60 0
10 3
34 3
29 5
150 7
31 4
26 6
152 o
135 0
80 9
.3060
140 4
90 9
.3060
37 0
24 1
Q Q
IAK q
113.8
153.4
116 1
37.3
28.5
111 9
144 9
113 3
31 6
27 0
AK Q
QQ 7
4
9
7
2
0
112 3
145 0
109 6
35 4
29 4
o
1 /in 7
r 167 8
107 4
147 1
109 8
37 3
22 4
inq A
qq (\
n
»• 644 1 «• 610
r 430 1 r 414
r 2?1 7 r 190
84 2
90
88 5
530 4
r 354 g
115
147
111
36
27
732
521
281
692
467
259
623
454
249
.2434
.3370
699
484
256
91 0
1 10 2
112 2
110 2
109 5
117 4
111 5
109 2
97 7
94 1
94 0
96 5
92 9
94 4
142. 5
93 5
56 7
119 9
64 2
111 5
56 9
115 5
47 3
111 2
45 2
111 4
45 6
118 6
40 6
120 3
30 1
117 7
29.0
127 5
30 9
132 7
32.9
119.9
36 5
120 5
40 9
125 7
46.0
.0963
66 4
.1114
55 7
. 1215
62 7
.1250
67 2
. 1298
71 9
.1300
72.8
.1300
70 8
, 1300
67. 4
.1300
65.1
. 1300
66. 5
. 1300
63. 6
.1301
57.4
.1400
60.6
.1450
. 1500 ^ . 1566
447
3,422
1,750
250
6,590
4,550
(i)
3 596
1,861
255
6 525
4 601
989
3 080
1, 990
290
5 490
3,630
265
3 109
1, 765
270
5,960
4,010
1 249
3' 227
1 770
190
6 580
4 710
1 705
2 378
2,020
260
6 750
4,790
738
3 146
2,025
255
7 165
5,085
2 046
2 227
1,985
260
7 285
5,190
313
2 272
2,050
235
7 265
5, 235
301
2 530
2,130
260
7 315
5,130
498
2 968
1, 695
260
6, 430
4, 805
451
4 194
l'860
220
6 885
5,040
505
2 045
1, 890
245
6 750
4,730
357
2 407
312
1 768
6 655
4 620
Exports, incl. reexports (metal) _ _
do
36
Stocks, pig (industrial), end of rno§, __
do
21, 730
Price/pig, Straits (N.Y.), prompt.._.$ perfb.I 1. 1461
Zinc://
Mine production, recoverable zinct
42.1
,\
thous. sh. tons
Imports (general) :
Ores©1-..
-___—
do
39 0
Metal (slab, blocks)?
—__.,.
do
11 8
Consumption (recoverable zinc con tent):
Ores©
_
_._
_.
_ do
8.2
Scrap, all types
_.._._.
. do16 7
135
25, 610
1.1664
102
30, 245
1. 2704
165
29, 364
1.3020
207
27,185
1. 3402
297
25, 245
1.4012
1, 079
964
21,810 20, 120
1. 3482 1.3351
343
19,600
1. 3485
290
18, 560
1. 5060
160
18,480
1.5965
162
311
22, 635 '23,225
1.6167 1. 8538
182
20 420
2.0461
44.1
45.3
46.1
48.8
44. 9
48. 6
46.5
46.6
46.8
47.4
49.3
46.9
50.2
31 1
12 1
29 8
15 2
33 0
14 7
23 6
11 4
32 2
10 6
28 5
10 5
27 6
97
35 9
9 i
33 5
89
29 1
7 9
28 9
96
24 6
93
29 8
9 6
87
17 0
7 7
16 1
77
15 9
74
16 4
8 0
16 5
89
16 9
7 2
16 9
89
17 1
85
17 1
8 7
16 2
80
16 7
76
16 9
85
16 6
Tin:
Imports (for consumption) :
Ore©..— — __
— -_lg. tons
Bars, pigs, etc. ___..
.„._„.
do
Estimated recovery from scrap, total ©___ do
As metal
do
Consumption, pig, total......
do
Primary..—.
_
_ do
Revised.
p Preliminary.
* See note "©"for this page
ia«9 ?Qou t s n x w fa°tors *o Derive tonnage equivalent (1963, 23.5 base boxes per ton of steel;
1962^23.2 tlye
boxes); revisions back to 1961 are available.
nf t,T,S? ' 9ec'i ^ SURVEY, data for all periods represent estimated industry recovery
of aluminum (excluding alloying constituents).
ABegirming Jan. 1962, net shipments of ingot derived by new method to include imports
not previously included; revisions back to Jan. 1961 are available. ^Revisions for 1962 are in
the Sept. 1963 SURVEY: those for 1st half 1963 are available upon request
90
1. 9027
1.6311
30 5
12 3
© Basic metal content (for tin ore, Sept. 1963 through Apr. 1964 data are in terms of gross
weight). '1 See similar note, bottom p. S-32.
•//Beginning Aug. 1964, data reflect sales to the industry of metal released from the Government stockpile.
cf Consumers' and secondary smelters' stocks of lead in refinery shapes and in copperbase scrap.
§Effective Sept. 1962, includes surplus tin held by GSA (i.e., tin to be offered
for sale and tin for which bids to purchase were rejected by GSA).
^
January 1965
SUKVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963
Monthly
average
1963
Nov.
1964
Dec.
Jan.
Feb.
Mar.
June
May
Apr.
Aug.
Sept.
Oct.
80.7
5.4
100.9
2.6
77.6
48
108.6
4. 1
81.8
6.3
109.6
1.6
(5)
29.5
25.7
89.5
83.5
.1350 r . 1350
30.6
'99.1
.1350
33.9
102.9
.1399
36.4
32.0
. 1450
.1450
July
Nov.
Dec.
METALS AND MANUFACTURES—Continued
NONPERROUS METALS AND PROD.— Con.
Zinc— Continued
Slab zinc: ||
Production (primary smelter), from domestic
and foreign ores
thous sfa tons
73.3
4.9
86.0
3.0
74.4
50
92.1
2.8
79.3
5.3
88.5
1.9
83.8
4 8
88.5
1.3
76.0
4 8
91.7
.4
76.8
4 9
86.9
2.4
86.0
52
95.2
1.7
83. 7
4 7
100.0
2.6
144.7
80.0
.1162
47.9
92.1
.1200
50.2
87.0
.1250
55.1
92.1
.1294
48.2
92.1
.1300
43.6
92.5
.1300
46.0
93. 9
.1300
43.5
89.4
.1332
•'1.3
10
92
1. 1
98
1.0
8 0
.9
8.1
.9
8.2
1.1
7.4
.8
7. 0
.5
81
7
99
.7
90
.9
10 5
12
13 6
1.3
12 9
'45.0
'54.7
48 8
42 2
55.9
43.9
32.8
42 2
42.3
44.1
41.7
44.2
40. 2
47.9
36.6
49.8
38.5
54 5
48. 1
59 5
42.8
54 4
62.0
50 5
66 7
46 2
62.9
41 9
do
166. 7
163.6
176.0
173 1
173. 7
170.7
162.2
160 2
158.1
156.0
167.7
165. 7
200.0
197.4
195.4
193. 5
173.1
171 1
189. 7
187 2
162 1
159 6
196.3 ' 203. 9
193 5 r 200 7
205.0
201 4
Stoves, domestic heating, shipments, total— ..do
157.0
94.1
161. 9
101 5
183. 6
132.0
120.5
81.6
91.0
54.3
70.8
38.7
112. 9
77.5
89.6
53.4
100.6
60.8
171.0
122 6
205 4
142 8
222. 4 '231. 9
158 7 '160 4
283.7
194 9
117.8
95 3
200.3
132.4
106.5
176. 8
97.6
81.6
191.2
95.8
79.2
248.3
95.9
79.4
237. 1
99.3
82.9
244.9
99.7
84.3
237.7
96.1
80.4
198.9
111.6
93 1
215 0
120 5
100 7
213 2
139 7
111 3
213 0
170. 2
134 6
256 5
'
49 7
18.0
Consumption fabricators'
do
Exports
do
Stocks, end of year or mo.:
Producers', at smelter (AZI) Ado
Consumers'
^o
Price, prime Western (St. Louis)
$perlb._
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and convectors, shipments:
Cast iron
mil . sq . ft . radiation. .
Nonferrous*
db_
Oil burners:
-' .•
Shipments
thous..
Stoves and ranges, domestic cooking:
Shipments, total (excl. liquid-fuel types)
Warm-air furnaces (forced-air and gravity air-flow),
shipments, total
._.
.thous.. ' 103. 8
Ga«5
do
87.1
217.7
Water heaters gas shipments
do
MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, qtrly. totals:
Fans and blowers new orders mil. $__ M0.2
Unit-heater group, new orders..
do. — i 16. 2
Foundry equipment (new), new orders, net
mo avg shipments, 1957-59= 100. _ 111.4
Furnaces (industrial) and ovens, etc., new orders
7.0
(domestic), net f -----mil. $__
1.2
Electric processing
. do
2.8
Fuel-fired (exc. for hot rolling steel). _.
do
42.0
18.2
141.0
1 15. 7
131.9
127.1
84 8
53
98.3
3.6
80.9
52
99.5
2.7
30.4
38.0
87.2
85.6
•-.1350
.1350
41.6
13.2
78.9
4 9
94.7
4.4
169 1
131 3
230 7
46 6
25.4
129.6
235. 8
251.8
272 9
242.6
244.1
221 4
176 0
138 2
157 8
122 1
201 6
9.7
1.0
5.7
10.5
13
6.8
7.4
1.2
3.8
7.4
1.0
3.7
7.5
1.2
3.2
92
9
36
10 8
10
68
11 1
12
53
13 7
18
64
8.3
11
41
127.8
156 9
150 6
149 7
148 0
604
688
585
671
3 316
3 208
8.2
1.1
3.4
8.5
.9
4.3
6.1
1.0
3.0
5.8
.8
2.4
H2.6
Material handling equipment (industrial) :
Orders (new), index, seas, adj
--1957-59=100-Industrial trucks (electric), shipments:
Hand (motorized)
.number..
Rider-type
__i__
do
Industrial trucks and tractors (internal combustion
engines), shipments
number-
128.7
136.6
156.2
146.5
153.3
170.8
158.1
500
471
547
581
523
598
590
630
491
484
515
609
548
578
581
510
581
523
653
636
581
519
473
585
555
632
2,232
2, 434
2, 738
2,830
2, 543
2,518
2,862
3,032
2,961
3,109
3 003
2 730
3 127
Machine tools:
Metal cutting tools:
Orders new (net), total
mil. $_
Domestic
do
Shipments, total
do
Domestic
--__ _ _do_
Estimated backlog..
months..
44.80
36.70
47.85
35.15
4.2
59.50
47. 50
49.90
41.10
5.2
59. 10
49.65
52. 35
41.75
5.6
77.40
64.15
69.00
56.30
5.6
80.15
60.60
50.35
39.85
6.2
74.50
60. 45
51.25
39.10
6.3
77.70
61.40
63.80
48.45
6.4
91.55
79. 55
64.85
52. 35
6.7
85.00
70.10
70.75
57.50
6.6
100.10
83.35
73.80
62.25
6.6
78 10
66 50
60 00
51 70
67
73 80
62 65
60 90
51 20
68
83 60 r 81 00
68 00 ' 67 70
72 30 r 71 g5
56 85 r 54 40
69
'68
72 25
59 50
67 95
54 20
68
14. 60
11.65
12. 40
9.30
4.6
18. 10
15.90
15.30
12. 80
4.7
15.95
15.20
14.05
11.30
5.6
21.20
19. 80
14.30
12.50
5.8
48.80
47.40
15.00
12.40
7.6
20.30
18.85
19.15
16.15
7.7
24 10
19 35
16 90
15.40
8.0
45.80
43.30
19.80
18.25
8.9
32.55
30.35
18.20
16.50
9.3
63. 10
56. 95
21.40
19.85
10.8
97 Qft
i *» sfl
14 90
17 35
14 10
10 8
OK Aft
21 55
is' 45
18 90
17 00
11 5
1260.7
164.2
U9.7
1312.3
178.5
'23.0
158.9
173.6
Metal forming tools:
Orders new (net), total
Domestic
Shipments, total _ _ _
Domestic _
.
Estimated backlog
mil $
do
do __
•—.do __
months..
Other machinery and equip., qtrly. shipments:
Construction machinery (selected types),
total 9.. _
—
._
mil. $
Tractors, tracklaylng, total
__._.do
Tractors, wheel (con. off -high way)
do
Tractor shovel loaders (integral units only),
wheel and tracklaying types.
___mil. $__
Tractors, wheel (excl. garden and contractors'
off -high way types)
mil $
Farm machines and equipment (selected types),
excl. tractorsO
mil. $..
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), shipments
thous
Household electrical appliances:
Ranges (incl. built-ins), sales, totalj.
do
Refrigerators and home freezers, output ^
1957-59=100
Vacuum cleaners, sales billed
thous
Washers, sales (dom. and export)
do
Driers (gas and electric), sales (domestic and
export)....
thous
284.7
78.6
18.3
.__
344. 7
79.6
27.3
•
127.4
472.2
119.6
37.2
•
r 99 75
20 55 r 1Q 4.1
15 90 r 21 15
13 10 ' 18* 70
11 1 r 11 1
369 0
105 0
27 2
2 31 3
73.6
86.2
109.0
1 130. 1 U50.9
159. 0
189.1
200.1
1 197. 7
1213.7
150.9
277.6
266.6
2 540
2,653
3,174
3 622
3 146
1, 653
1 394
1 602
1 591
1 816
2 269
2,631
139.6
155.8
159.4
174 4
144 4
165 8
194 1
157 4
153 4
163 7
142.7
152.3
172.7
165 0
119 2
309 3
305 5
127.8
353. 9
329 1
129 0
382.6
336 9
128 6
349 7
273 5
131 3
324 7
302 5
150 3
365 0
330 0
150 8
420 5
151 5
383 8
299 2
150 9
337 8
300 8
163 0
335 2
345 8
128 5
294 9
351 ^6
102 3
389.9
384 7
158 3
435.1
462 0
118 9
437 9
391 0
153.2
409 6
333 8
126 1
172. 0
248.4
233 8
199.4
079 n
116.4
133.0 180.3
142 8
135.8
153 2
90 2
71 6
90 5
121 1
3
Radio sets, production §.
do
3
i
770
9
0
1
413
3
1
367
9
1 596 8 1, 523. 5 1,799 8 41,772
1
337
4
1
410
7
1
639
1
Television sets (incl. combination), prod.§.__do
621.4 4 690. 0
731 1 751 5 3 877 g
539 3 594.2
712 7
584 2 3 835 5
Electron tubes and semiconductors, factory sales ©
75.9
73.6
71.7
52.1
73.0
56.9
mil. $
52.6
52.4
51.4
53 9
Insulating materials, sales, index.... 1947-49=100
154
144
151
167
148
154
146
163
154
165
Motors and generators:
New orders, index, qtrly
_—.._.. ..do
1149
1151
154
159
186
New orders (gross) :
Polyphase induction motors, 1-200 hp__mil. $
12.4
12.1
12.4
13.3
12.4
13.5
14.9
14.4
15. 2
17 9
D.C. motors and generators, 1-200 hp
do
2.2
2.1
2.3
2.6
2.6
34
2.8
28
3 6
35
'Revised.
i Quarterly average.
2 For month shown.
s Data cover 5 weeks;
other months, 4 weeks.
* Data cover 6 weeks. '? Less than 500 tons.
9 Includes data
not shown separately.
II See note "|| ", p. S-33. AProducers' stocks, elsewhere, end of Dec. 1964, 17,900 tons.
*New series. Shipments (from The Institute of Boiler and Radiator Manufacturers)
represent the following approximate percentages of total industry shipments: Convectors,
90 to 95%; radiators and baseboards, 80 to 85%.
^Includes data for built-in gas fired oven-broiler units; shipments of cooking tops, not
included in figures above, totaled 27,900 units in Oct. 1964.
25 45
18 80
16 30
11 1
83 6
190 4.
2 4Q 1
2,999 '3 550 3,052
3
1 055 51 633.4 332,193 8 1 692 8 1 700 0 1,965 1
517 4
705. 8 1,052.7 ' 956 3 913 8 3 939. 5
44.1
136
54.1
160
60.2
167
59 4
170
161
15 5
2 7
15.8
2 5
176
14.8
26
14.9
9
8
15.8
25
fAs reported by the Industrial Heating Equip. Assoc. for member companies, including
orders (not shown separately) for indust. ovens, atmosphere generating and combustion
equip., and miscel. items. Monthly data back to 1958 are available.
©Revisions for
1962 appear in the June 1961 SURVEY.
1 Revisions for 1961 are available.
{Revisions for 1962-63 appear on p. 3-34 of the Apr. 1964 SURVEY.
§ Radio production comprises table, portable battery, auto, and clock models; beginning
Jan. 1964, data for television sets include color sets.
0See similar note, p. S-35.
SURVEY OF CURRENT BUSINESS
January 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
| 1963
Monthly
average
S-35
1964
1963
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
1,240
128
1,275 '1,278
120
78
Nov.
Dec.
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. sh tons
'Exports
- - do
Prices:
Retail, stove, composite
$ per sh. ton.
Wholesale, chestnut, f.o.b. mine
do__.
1,408
156
1,522
279
1,615
319
1,535
309
1,527
248
28.63
13.050
29.39 \ 30.54
13.361 14.420
30.95
14.420
Bituminous:
Production
35,178
38,244
38,820
32,314
15,903
14,006
6,188
34, 102
17, 420
14, 664
6,469
2,349
1,962
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 9
thous. sh. tons.
Electric power utilities..
_.__>_do.._
Mfg. and mining Industries, total
__._do___
Oven-coke plants
do
Retail dealers
.do
67,960 65,692
46, 665 46, 139
20, 845 19,; 103
9,045 7,373
449
450
3,201 3,923
Exports
...
__do
Prices:
Retail, composite
._„.$ per sh. ton.
17.30
17.46
Wholesale:
Screenings, indust. use, f.o.b. mine
do... 14.918 24.748
Domestic, large sizes, f.o.b. mine
do... 17.443 27.014
COKE
Production:
Beehive—
_
...thous. sh. tons.
Oven (byproduct)..
do.__
Petroleum coke§._._.__
_____
do
Stocks, end of month:
Oven-coke plants, total.. ._
do.__
At furnace plants....
do___
At merchant plants
do
Petroleum coke
_____
___
do._.
Exports
_______
._
.do...
1, 155
86
1,427
84
1,665
151
1,789
17
1,127
158
1,245
142
31.35
14. 490
31.40 -.31.40
14.490 14. 490
31.40
13.195
30.69
13.195
30. 30
13. 195
13. 699
13. 699
39,070
40, 430
34, 790
36,790
37, 490
38, 270
40,940
31,830 42, 390
34,383
17, 783
14, 610
6,236
40, 219
20, 727
16, 349
6,590
39, 768
20, 389
16, 411
6,789
36,755
18, 732
15, 525
6,540
36,439
18,465
16, 097
7,014
33, 054
16, 666
15, 302
7,044
32, 702
16, 757
15,324
7,537
33, 218
17, 997
14, 568
7,350
33,768 34,611 34,470 37, 415
18, 794 18,685 18,013 18, 682
14, 241 14,772 r14,860 16, 449
7,451 "7,453
7, 482 '7,964
1,905
3,118
2,968
2,496
1,872
1,030
518
562
655
73,383
52,383
20,391
8,054
70,083
49, 314
20,270
8,014
66, 536
46, 422
19, 659
7, 780
64,430
44, 961
19, 121
7,900
63, 041
43, 717
19, 070
8,299
65, 043
45, 045
19, 743
8,411
68, 619
47, 886
20,420
8,841
70,700
49, 331
21, 012
9,375
65,616
46, 921
18, 306
7,461
609
499
455
348
254
255
313
357
389
416
428
395
4,551
4, 617
4,038
5,250
4,263
4,973
1,311
149
1,066
1,348
13.699 ••14.196 "14. 196
43,920
1,501
67,682 71,892
48,443 51,279
18,823 20, 185
7, 976 8,643
45,535
41, 120
41, 825
2,190
75, 127
53, 697
21, 035
9,317
4,500
3,536
3,152
3,065
3,028
3,523
17.73
17.83
17.89
17.89
17.89
17. 76
17.31
17.23
4.748
7.257
4. 748
7.257
4.726
7.276
4.731
7.221
4. 731
7.026
4. 807
6.524
4.832
6.482
4.840
6.513
4.832
6. 657
4.829
6.800
4. 814
6.987
105
115
120
5, 141 ' 5, 476 5,368
1,349
1,382
3,718
' 4, 810 P 4. 810
' 7. 016 P7.100
68
4,258
1,312
81
4, 442
1,344
78
4,289
1, 355
82
4,540
1, 457
82
4,661
1,440
78
4,485
1,343
87
4,821
1,457
87
4,855
1,366
90
5,192
1,409
79
5,037
1,436
70
5,164
1,501
89
5,138
1,415
3,899
2,796
1,103
1.053
33
2,972
2,275
697
1,200
38
2,899
2,376
523
1,381
41
2, 879
2,394
485
1,297
19
2, 831
2,380
451
1,284
19
2,672
2,253
418
1,313
23
2,567
2,141
426
1,329
27
2,421
2,008
413
1,359
25
2,337
1,909
429
1,379
83
2,281
1,862
419
1,393
40
2,353
1,876
477
1,417
61
2,358 '2,359
1,878 1,915
480
444
1,379
1,339
59
36
1, 781 31,691
2.93
2.97
255.8 264.2
87
84
1, 480
2.92
261.0
87
1, 768
2.92
269.3
87
•1, 567
2.92
273.3
88
1,628
2.92
256.8
89
1,564
2.92
269. 9
87
1,566
2.92
258.4
84
1,542
2.92
267. 6
84
1,730
2.92
268.0
87
1,819
2.92
281.7
88
1,892
2.92
281.0
88
1,945
2.92
269. 1
87
1,705
2.92
273.3
86
317. 4 ' 327. 4 ' 322. 4 336.7
223.0 229.4
226.3 232.8
33.4
31.1
34.3
35.5
363.1
326.0
345. 7
335.4
334. 3
321.9
340.2
335.5
325.0
343.9
238.1
36.4
224.5
34.1
240.6
36.0
233.1
34.0
235.8
34.4
228.3
32.9
233.7
34.5
232. 6
34.9
227.9
34.7
237. 3
35.6
43.8
28.1
12. 9
40.7
27.2
16.6
36.9
25.6
3.2
39.2
31.8
1.8
' 2, 344
' 1, 973
'371
1,324
63
2,211
1,888
323
62
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:!
New supply, total_______
Production:
Crude petroleum..
_
Natural-gas liquids, benzol, etc.
Imports:
Crude petroleum..
Change in stocks, all oils (decrease,—)
Demand, total.
_
Exports:
Crude petroleum.
Refined products
Domestic demand, total 9 __.
Gasoline
Kerosene
mil. bbl_
___do_
do__ ..
do
do
34.3
29.1
1.0
34.4
30.2
.1
34.2
27.5
2.9
30.3
38.0
-54. 9
39. 6
49.0
-22.8
32.2
35.2
-9.9
36.9
32.2
6.4
33.1
35.2
8.8
36.0
28.2
24.7
34.4
26.3
1.1
do
316.4
327.3
319. 5
391. 6
385.8
335. 9
339.4
326.6
309. 7
320. 8
327.3 ••319.0 r 321. 8
3/19 1
do
do
do
do
do
.1
5.0
311.3
132.1
13.7
.1
6.2
320.9
4136. 0
* 14. 4
.1
6.6
312. 8
132.6
15.4
.2
6.3
385.1
134.4
21.9
.1
6.7
379.0
130. 5
21.2
.1
4.8
331.0
121.8
17.7
.2
6.0
333. 1
135.5
15,2
.1
6.4
320. 1
140.6
12.6
.2
5.7
303.8
144.9
11.1
.2
6.4
314.2
153. 5
10. 3
.1
6.7
320.5
156.7
12.3
.1
6.0
312. 8
150.1
12.8
.1
5.6
316.2
145.6
13.7
6.5
335.6
147. 8
15.8
61.0
45.5
9. 4
462.3
M4.9
9.6
61.3
43.8
9.0
102.2
60.4
8.8
96.1
66.4
9.7
81.5
53.4
8.4
73.4
49.7
9.5
59.6
48.2
10.3
46.8
37.5
10.4
43.8
35.7
11.9
41.2.
38.2
10.3
41.4
36.7
10.7
48. 1
38.3
10.6
56.8
45.1
9.8
3.6
9.5
21.3
3.6
9.8
«19.7
3.3
6.9
21.2,
2.9
4.1
29.8
4.0
3.3
27.8
3.4
3.3
22.2
3.8
4.3
19.9
4.4
7.1
16.9
3.6
11.9
15.8
4.3
15.5
15.7
4.0
16.7
17.6
3.7
16.7
18.6
3,9
15. 5
18.8
3.7
13.9
20.9
820.6 * 831,1
248. 1 246.9
35.2
33..S
537.3 550. 4
890.5
244.4
42.1
604.0
835.6
237.4
33.7
564. 5
812.8
241.0
28. 4
543. 3
802.9
240.1
27.4
535.4
809.2
246. 9
29.9
532.5
818.0
253. 9
34.1
530. 0
842.7
257.3
38.9
546.5
843.9
251.2
42.5
550.1
856.7
246.3
45.0
565.3
873.3
237.9
46.6
588.7
876.5
232.8
46.8
596.9
878.2
235.2
39.2
596.9
4135.4
.6
192.8
135.3
.7
181.3
143.8
.9
190.9
142. 4
.6
203.2
133.0
.4
215.1
140.1
.8
220.4
133.9
.4
214.7
140.1
.5
210.9
140.5
.7
198.5
149. 7
1.0
191.4
149.4
.8
190. 9
142.5
.5
188. 6
145.9
.7
187.2
Distillate fueloil_______
Residual fuel oil
Jet fuel
,_
do
do
do
Lubricants
Asphalt
.__
Liquefied gases
.___
do
do
do
_
Stocks, end of month, total
Crude petroleum
Natural-gas liquids
Refined products. _.
Refined petroleum products :{
Gasoline (incl. aviation) :
Production..
Exports
Stocks, end of month
..___
__..__
__•
j»
do
~do
do
do
do
___do_
do
Prices (excl. aviation)
Wholesale, ref. (Okla., group 3)
$ per gal.
Retail (regular grade, excl. taxes), 55 cities
(1st of folio wing mo.).
.$pergal__
r
1
ReviSfid.
131.9
.5
188.6
.113
.109
.090
.105
.105
.100
.100
.095
.105
.103
.105
.093
.090
.105
.201
.201
.204
.196
.199
.199
.195
.196
. 207
.201
. 198
.201
. 200
V PrAliminanr
.1
.204
Monthly average based on'Apr.-Dec. data.
2Data
beginning Jan. 1963 not entirely comparable with those for earlier periods
3
Beginning Jan. 1963, data exclude condensate wells formerly included
4 See note 1 for p. S-36.
"2.92
I
p. 113 -— —
.202
9 Includes data not shown separately.
§ Includes nonmarketable catalyst coke.
{Revised data for months of 1962 appear on p. 28 of the June 1964 SURVEY.
NOTE FOR ELECTRON TUBES, p. S-34-0 Beginning Jan. 1964, excludes sales
of receiving tubes; 1963 sales of such tubes averaged $22,800,000 per month.
SURVEY OF CURRENT BUSINESS
S-36
1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
| 1963
Monthly
average
1964
1963
Nov.
January 1965
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.'*
Oct.
Nov.
Dec.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products*— Continued
Aviation gasoline:
Production
mil bbl
ExportsftT|
do
Stocks, d of month
do
Kerosene:
Production
do
Stocks PTid of month
do
Price, wholesale, bulk lots (N. Y. Harbor)
Distillate fuel oil:
per a ..
Production
mil bbl
Imports
' do
Exports
do
Stocks end of month
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gal
Residual fuel oil:
Production
mil bbl
Imports
do
Exports
do
Stocks end of month
do
Price wholesale (Okla No 6)
$ per bbl
Jet fuel' (military grade only) :
Production
mil. bbl
Stocks end of month
do
Lubricants:
Production
_ _ •_
do
Exports
do
Stocks end of month
do
Price, wholesale, bright stock (midcontinent,
f o b Tulsa)
$ per gal
Asphalt: '
"
Production
mil bbl
Stocks end of month
do
Liquefied petroleum gases:
Production
do
Transfers from gasoline plants
do
Stocks (at plants, terminals, underground, and
at refineries) end of mo
mil bbl
Asphalt and tar products, shipments: t
Asphalt roofing, total
_
_thous. squares
Roll roofing and cap sheet
do
Shingles, all types
do
Asphalt siding. . .
Insulated siding
Saturated felts...
.
.
do
do~.
thous. sh.tons..
10 2
.4
10.5
10.7
98
5
88
10 8
6
94
10 0
4
9 7
10 0
2
10 8
10 6
6
10.3
10 2
2
10.3
10 5
.4
9.9
10 8
.5
9.2
11 7
.6
9.0
11 6
.6
8.9
11.2
.3
8.5
10.1
.5
8.1
13.1
30 6
1
13.8
i 31 7
14 8
39 1
16 2
34 1
17 3
30 9
14 7
28 5
14 3
28 5
12. 5
29 1
11.7
30. 5
11.6
32.8
12.7
34.4
13.4
36.0
13.9
37. 3
15.3
37.9
10/1
102
099
104
104
104
099
096
094
093
093
093
093
.093
60 0 153 8
g
10
7
13
133 4 I 135 g
62 9
10
14
192 6
65 8
g
'5
156 7
67 5
16
12
128 5
62 8
11
4
110 5
61 7
9
6
99 2
57 6
g
3
97 8
60.8
.7
.3
112. 2
61. 1
1.0
.3
130 3
64.2
.6
.4
153.6
62 0
.9
.2
175 0
10 4
4
».095
59.4 , 59. 0
.8
.9
.5
.6
189. 4
186.7
092
092
089
094
094
094
089
086
084
083
.083
.083
.083
.083
p . 085
24.6
22.0
11
46.6
1 58
i 23.0
22.7
13
* 48 6
1 57
22 5
20 7
18
52 2
1 55
25 0
31 6
13
47 5
1 55
25 8
39 7
16
45 4
1 80
22 7
29.2
10
43 3
1 65
22 3
24.7
1 7
39 1
1 50
21 2
28 0
2o
38 5
1 35
20.8
19. 8
1.4
40. 5
1 35
19.5
17.7
1.9
40.4
1 35
21.6
20.5
1.5
43.0
1.35
21.1
18.4
1. 5
44.6
1.35
21.3
18.9
1.5
45.4
1.35
22.5
24.7
1.9
45.9
1.50
pl.65
91
9 9
89
9 2
9.5
9.3
9. 9
86
10.0
9.5
10.4
10 7
8.9
9.6
8.7
9.1
53
2o
13 3
5.4
1.3
13.8
5. 2
1.6
13.1
5.4
1.6
12.9
5.4
1.7
12. 9
5.3
1.2
13.0
5.4
1.7
13.0
8.6
87
8.3
94
8.3
89
78
85
78
85
7.9
90
5.1
1.6
12. 8
5.3
15
13.7
5.3
14
14 0
5.0
18
14 3
5.2
12
14 3
4.8
14
14.3
5.2
14
14 4
261
270
270
270
270
270
270
270
270
270
270
.270
.270
.270
9.1
16,3
93
16.7
82
11.9
62
14.4
4 4
15 8
56
18.1
7 3
21 3
80
22 3
11.2
22.0
12.7
20.2
13.6
17.8
13. 7
15.4
12.5
12.8
11.7
11.1
6.4
14 9
14.7
15 2
4.2
16 8
5.0
23 6
50
22 1
4.7
17 1
52
15 0
4 8
12 3
5.2
11.5
5.1
11 4
5.1
12.8
4.9
14.0
4.6
14.1
4.9
16.3
33 6
!30 2
39 4
30 3
24 3
22 9
25 4
29 4
34. 9
39 5
42 3
43.9
44.3
43.6
5,367
1 913
3, 454
5,372
2 009
3 363
4,604
1 810
2 794
3,103
1 214
1 888
3 134
1 213
1 920
4,521
1 610
2 911
4,705
1 777
2 928
5 719
2 042
3 677
6, 921
2 389
4 532
7,586
2 545
5 041
7,870
2 819
5,052
7,212
2, 725
4,487
7,-396
2,811
4, 585
7,378
2,891
4, 487
5 258
2 114
3 144
67
77
82
66
70
82
85
56
74
52
37
60
43
31
67
60
36
88
48
44
78
50
57
74
49
65
82
55
75
95
65
74
99
64
68
97
77
75
91
85
82
91
71
47
74
" 270
PULP, PAPER, AND PAPER PRODUCTS
PULP WOOD AND WASTE PAPER
Pulpwood:
Receipts
..____ thous. cords (128 cu. ft.)._
Consumption_____
_
_ _ _ _ _ _ . do _
Stocks, end of month..
___do
Waste paper:
Consumption....
'.
thous. sh. tons
Stocks, end of month
do
WOODPULP
Production;
Total, all grades
thous. sh. tons..
Dissolving and special alpha.
do____
Sulfate
___
_do
Sulfite..—
_
do
Groundwood______
do
Defibrated or exploded.
do
Soda, semichem., screenings, etc...
do
Stocks, end of month:
Total, all mills
do
Pulp mills
___
___ _do
Paper and board mills..
do
Nonpaper mills
_
do_...
3, 668
3, 673
5,225
3,835
3,870
5,124
3 821
3 975
5 116
3 495
3 626
4 976
4,030
4 055
4 936
4 175
3 906
4' 98i
4 157
4 126
4 987
3 843
4 119
4 690
3 992
4 213
4 498
4 120
3 952
4' 47g
4 186
3 898
4 660
4,254
4 151
4 620
4, 145
3 823
4 924
4 220
4 273
4 807
756
498
796
501
710
465
668
514
741
490
748
477
799
470
821
476
803
468
795
467
686
485
827
476
797
474
861
468
2, 326
106
1 368
214
2, 510
114
1 495
224
2 593
120
1 551
230
2 283
97
1 357
229
2 530
125
1 509
224
2 667
127
1 608
242
2 706
106
1 (534
2 g21
129
1 729
241
2 509
107
1 545
211
2 769
124
1 688
234
2 545
106 >
1 599
222
2 gis
126
1 708
244
283
104
261
289
2
136
2252
308
194
261
280
106
215
327
124
257
304
127
241
320
129
241
330
129
260
2 608
132
1 543
223
324
127
260
300
123
222
319
127
942
346
130
261
878
297
509
72
8
713
263
3 372
78
731
264
394
73
717
235
408
75
739
266
396
78
745
266
399
80
759
271
403
84
747
265
387
94
762
070
389
95
725
263
377
\ g5
97c
001
106
38
132
43
12o
42
139
55
1 38
AR
142
49
93
759
273
399
93
i 41
62
337
128
258
777
293
394
90
140
36
225
19
206
236
22
214
235
22
213
224
21
203
265
23
242
990
Exports, all grades, total
Dissolving and special alpha
Allother.,
do
do
do
99
40
59
118
44
Imports, all grades, total
.
Dissolving and special alpha
Another...
...
do
do
do
232
23
210
231
22
210
7K
2 605
138
1 528
' 231
QQ
7fi
QO
94fi
46
92
26
909
335
131
256
771
286
394
90
1 40
55
925
18
°08
127
40
256
23
033
227
23
904.
256
22
OOK
736
80
55
79
46
9fi1
n9
42
70
oqn
9^7
22
21
OQQ
9OQ
24
009
PAPER AND PAPER PRODUCTS
Paper and board:
,
Production (Bu. of the Census):
All grades, total, seas. adj. -..thous. sh. tons
All grades, total, unadjusted....
do....
Paper...
...
do _
c
3,129
3,269 3,348 3,017
3, 395
1,378
1,384
1,485
1,438
1, 535
1,457
1,554
1,371
1,522
1, 563
Wet-machine board
do
12
12
11
12
11
Construction paper and board
-_-do_.._
282
251
297
286
297
'•Revised.whlchv have
Preliminary.
i
Beginning
Jan.
1963,
data
for
the
indicated
items
exclude
b6en reclassifi
o ™£
ed as petrochemical feedstocks.
I £2ec:Jve T •1963' "screenings, etc." included with "denbrated or exploded."
.Effective Jan. 1963, excludes stocks of "own pulp" at paper and board mills.
3,276
1,448
1,533
11
284
3, 477
3,445
3,553 3, 515
3,291 .3,578
3,373
3,730
1,515
1, 524
1, 521
1.484
1,547
1, 414
1,458
1, 632
1, 632
1,662
1.615
1,648
1,552
1,711
1, 576
1,737
12
11
12
12
9
10
12
12
318
331
333
333
317
336
327
349
{Revised monthly data for 1962 for petroleum products appear on p. 28 of the June 1964
SURVEY; revisions for 1962 and 1963 for asphalt and tar products appear on p. 32 of the Apr. 1964
SURVEY.
SURVEY OF CURRENT BUSINESS
January 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962 | 1963
Monthly
average
1964
1963
Nov.
S-37
Dec.
Jan.
Feb.
Mar.
Apr.
May
July
June
Aug.
Sept.
Oct.
Nov.
101.4
109.9
96.4
'94.3
101.4
109.9
96.4
93.9
Dec.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper and board—Continued
New orders (American Paper and Pulp Assoc.) :
Wholesale price indexes:
Printing paper
Book paper A grade
Paperboard ?
- 1957-59=100—
do
do
Selected types of paper ( APP A) : t
Fine paper:
Orders new
thous sh tons
Orders unfilled end of month
do
3 131
3 284
3 226
2 960
3 458
3 298
3 499
3 565
3 525
3 481
3 395 r 3 567
3 419
101. 4
107. 6
93. 1
97 2
101.4
107. 4
94.7
96 2
101.4
107.4
96.6
95 1
101.4
107.4
96.5
95 2
101.4
107. 4
96.5
95 2
101.4
107. 4
96.5
95 0
101.4
109.0
96.5
93 7
101.4
109. 9
96.5
93 5
101. 4
109.9
96.5
94 4
101.4
109.9
96.5
94 4
101.4
109.9
96.5
••944
101.4
109.9
96.4
T
94. 1
101.4
109. 9
96.4
'94.5
166
88
175
100
174
101
156
90
185
85
184
93
184
83
197
92
190
88
187
89
188
101
'185
••91
' 175
'91
196
90
Production
^
Shipments
Printing paper:
Orders new
Orders unfilled end of month
do
do
170
168
178
175
182
180
168
152
187
183
183
187
191
188
195
191
191
190
189
196
171
179
'190
'185
'184
'179
204
198
do
do
412
370
448
389
436
372
419
380
499
383
449
368
497
397
483
391
487
401
482
398
467
413
••461
'390
' 464
'393
"523
427
Production
- —
Shipments
Coarse paper:
Orders new
Orders unfilled end of month
do
do
409
409
439
439
450
450
430
430
481
481
446
446
467
467
475
475
478
478
473
473
445
445
••461
'461
'445
'445
490
490
do
do
346
154
355
164
366
181
335
156
370
160
360
167
372
161
365
145
349
139
342
143
357
161
••384
170
' 370
' 187
388
189
do
do
350
343
353
351
379
373
345
346
370
369
362
354
369
373
373
372
361
354
341
336
337
341
'372
'366
'353
'354
388
385
558
557
249
553
552
268
613
611
229
535
578
186
564
533
217
549
491
275
566
540
301
625
664
261
610
594
277
610
652
240
617
620
237
637
634
239
605
628
215
664
661
218
643
665
196
179
180
39
185
184
37
190
189
38
180
184
34
198
189
43
174
186
32
190
193
29
192
197
24
201
192
32
194
192
34
174
182
27
200
194
33
181
188
26
198
196
28
183
184
27
Consumption by publisherscfdo
Stocks at and in transit to publishers, end of
month cf
thous sh tons
465
465
524
522
455
452
518
528
550
496
453
472
491
532
550
586
588
559
545
569
572
550
541
511
529
562
591
608
599
574
Imports
\
_do_
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
_ __ _ $persh. ton
456
451
463
536
444
409
473
475
470
513
515
492
506
527
546
134.40
134 40
134.40
134. 40
134. 40
134. 40
Production
Shipments
^. _
Newsprint:
Canada:
Production
__
Shipments from mills
Stocks at mills end of month
United States:
Production
- _
Shipments from mills
Stocks at mills end of month
_do_ __
do
do
do
do
do
134. 40
Paperboard ("National Paperboard Assoc.) : §
Orders, new (weekly avg.)
tiious. sh. tons__ 1340
461
Orders, unfilled, end of month
____do
1343
Production, total (weekly avg.)do
85
Percent of activity (based on 6.5-day week)
,
Paper products:
Shipping containers, corrugated and solid' fiber,
shipments©
mil. sq. ft. surf. area-- 10, 182
Folding paper boxes, shipments, index of physical
124.1
volume
- - - 1947-49=100
134. 40
1357
518
i 358
87
134. 40 134. 40
134.40
134 40
316
494
325
75
363
537
349
88
387
538
386
91
381
532
384
92
387
519
386
90
399
565
391
90
395
587
390
90
361
624
351
, 81
400
610
403
93
385
606
388
89
410
627
404
94
384
576
391
89
358
563
358
84
9,870
10,833
10,460
11,039
11, 520
11,399
11,284
11, 198
11, 697
12,232
13,219
10, 977
11, 492
130 8
124. 4
114.7
123 3
127.2
121 0
131 5
119.8
124. 6
127. 1
132.8 v 119. 5
41 10
82 85
39 04
.245
44 22
81 16
37 20
.250
44 61
78 93
30 26
.261
39.46
78 95
38 83
,.275
144. 63 144.81
119 44 128 98
298 15 287 58
26 52 '} 30 45
155. 49
136 01
289 03
22 37
150. 88
116 16
286 96
29 84
23 00
22 4g
31.07
24 52
23 13
31. 16
21 40
19 48
31. 32
357
545
373
90
10,711 10, 649
126.1
134. 40 v 134. 40
134. 40
119 8
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
38.56
Consumption
thous. Ig. tons
68.47
Stocks, end of month
do
35.13
Imports, incl. latex and guayule
do
Price, wholesale, smoked sheets (N. ¥.)___$ perlb__ ".285
Synthetic rubber:
Production.
Consumption
_
Stocks, end of month
Exports
_ _ _.
_
__.
_
_
Reclaimed rubber:
Production—
Consumption __
Stocks, end of month
thous. Ig. tons-- 131.20
104. 66
do
_
.do
257. 15
do
25. 31
___•
_
do
do
___do
23. 88
21 95
29.77
38.10
72. 70
31. 63
p. 263
35.29
61.32
27.09
.258
134. 04
108 90
281.05
23 60
134. 81
109. 26
275. 28
22.90
23 45
21 97
30.30
21. 25
20. 65
29.78
35.75
60 58
28. 61
. 240
39.59
62 44
38 78
.235
36 66
64 34
26 30
.236
39.80
64 97
41 75
.256
40 68
64 74
28 79
.259
39. 36
69 08
44 07
.254
41 37
67 14
3124
.251
35 09
75 39
40 51
.246
141. 05 143. 59
107 54 120 74
283.01 279 51
24 00
24 86
140. 18
111 12
283 20
28 80
146.27
116 69
285 88
27 05
146. 22
121 85
285 19
27 85
150. 31
118 49
293 17
24 66
146. 94
123 71
293 02
24 98
137. 99
104 16
300 31
25 60
22 17
20 15
31.19
25 11
22 99
31.47
21 75
20 75
30.51
24 03
22 59
30.37
24 50
24 20
30.' 42
23 96
23 10
29.76
25 22
22 30
30.92
20 21
19 02
32.35
20 56
20 95
30. 25
.255
TIRES AND TUBES
Pneumatic casings:
Production
______
Shipments, total_______
Original equipment
Replacement equipment. _ _
Export—
___
Stocks, end of month—
Exports (Bu. of Census).
.___
thous_. 11, 156
11,594 '11,503
11, 496
12, 681
11,835
12, 563
13, 331
13, 214
14,041
11,509
13, 234
14,355
14, 892
12, 797
11 551 '10 729
3,919 ' 4, 376
7,503 ' 6, 236
117
129
10 491
4 470
5,888
134
12 640
4 337
8,194
110
10 406
4 067
6, 209
130
11 996
4 402
7,478
116
14 117
4 854
9,130
133
13 576
4 542
8,907
14 517
4 652
9, 718
2 340
8,867
14 090
4 121
9, 729
241
jo 805
2 594
9,922
H I 90
4 035
6^870
14.fi
12 398
2 810
9,423
164
n
___
do
11 055
do
3,495
__do— _. 7,430
do
130
do
27, 086
-_do___89
29 978
82
29 407
73
29 544
77
31 090 31 658
' 85
' 78
31 091
92
31 Oil
106
30 644
105
29 968
160
31 979
148
32 495
201
34 731
205
36 608
167
3 305 2 827
3 138
3 398 ' 2 949 2 799
9,462 9,088
9, 529
76
77
75
3 914
5' 415
8,' 201
55
3 956
3 392
^ 587
78
10, 172
64
_
______
Inner tubes:
Production___
____
Shipments
..__
Stocks, end of month
:__
Exports (Bu. of Census)
®
do
do
do____
do
3, 403
3 442
8,913
81
28, 272
82
' Revised.
* Preliminary.
1 Weekly average for year.
9 Revisions for 1961 are available upon request.
JMonthly averages for 1962 for new orders, production, and shipments reflect revisions
to adjusted annual totals; revisions by months not available.
cfAs reported by publishers accounting for about 74.5 percent of total newsprint con-
3 673
3 613
8,424
72
3 837
3 381
9,' 020
51
IOC
3 591
3 117
3 699
3 4.7K
10,471
73
«>7R
OCX
q 400
10, 135 10, 195
86
87 •'
10,439
96
3 010
3
Q7C1
3
0 AAQ
98Q
914
3 fin 7 3 070
3 971
3 nns
10, 908 11,198
75
81
sumption in 1962 and 74 percent in 1963 and 1964.
§ Revised to reflect weekly averages for new orders and production, and percent activity
on basis of 6.5 days per week; comparable data prior to 1962 will be shown later.
O Re visions
by months for 1962-Feb. 1963 will be shown later.
January 1965
SUKVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962 | 1963
Monthly
average
1964
1963
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
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
thous bbl
_. .
do _
do
75
27 893
74
29 354
77
26, 317
23, 993
59
16 958
18 931
46
17 425
19,729
51
17, 597
24, 697
61
22, 722
29, 493
75
29, 178
34, 417
84
35, 511
36, 185
92
38,750
37, 220
91
40, 678
37,700
92
39, 496
35, 834
90
38, 008
36, 333
89
40,693
31,100
79
27, 950
36,720
24, 160
38,029
23, 070
32,491
13, 820
39, 556
16, 793
41 047
21, 741
43, 181
25, 610
45,152
29,242
45, 462
30,667
44,425
29, 580
41, 894
27, 065
38, 467
24,249
36, 671
20, 628
34, 631
18, 322
30, 352
15, 302
33, 492
15, 624
576.1
35.2
142.8
617.1
32.0
145 6
620.4
26.2
135.1
431.1
23.4
94 8
424.1
27.1
93 4
446 5
25.1
101 3
590.8
29.6
137.5
679 3
31.7
151 8
739 6
32.6
166 1
771.6
32.8
184.5
765.9
31.3
189.8
723. 4
29.6
175. 8
726. 4
28.5
175.8
736.4
31.5
179 0
28 027 29 441 30,377
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil standard brick
Structural tile, except facing
thous sh tons
Sewer pipe and fittings vitrified
do
Facing tile (hollow), glazed and unglazed
mil brick equivalent
Floor and wall tile and accessories .glazed and unglazed
mil sq ft
Price Index, brick (common) , f.o.b. plant or N.Y.
dock
-_— .
1957-59=100..
33 6
29 7
29 2
25 8
22 8
21 9
26. 4
27 8
25 2
30.2
32.6
32.1
29.8
31 0
21 1
22 2
21 5
19 1
21 3
21 o
25 0
25 7
24 2
25 9
25 7
24.8
23.8
24 3
104. 9
106.1
105.9
106.1
106.1
107. 1
107.1
107.3
107. 3
107.1
106.7
106.9
107. 2
107.2
107.2
71, 497
31,612
39, 885
78, 274
35, 370
42, 904
GLASS AND GLASS PRODUCTS
Flat glass, mfrs/ shipments (qtrly. average or total)
Rhfifit fwlndnw) p1f|SR,sWp'mPTits
fin
Plate and other flat glass shipments
do
Glass containers:
Production
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
89, 298
41, 314
47, 984
79, 622
34,089
45, 533
78, 211
32, 610
45, 601
82,793
39, 898
42, 895
14, 655
15,166
14, 271
12, 712
14 424
14 704
15, 877
16 391
16 776
17, 652
17 004
17, 958
15 295
15, 997
13, 912
14,319
14,730
13,283
13,382
13, 714
13, 397
15, 377
16. 514
15, 283
16, 967
16, 301
17,447
16, 896
15, 053
13, 927
1,582
1,602
1,186
1,204
1,331
1,294
1,508
1,642
1,367
1,455
2, 105
2,652
3, 027
1,792
1,296
4,110
4, 100
3,847
3,848
4 181
4 034
4,134
3,911
4 040
4,355
4 096
4,656
4,751
4,471
3, 653
Beverage _
•_ __ .
Beer bottles _
Liquor and wine
do
do
do
1, 187
2,184
1,269
1,350
2,453
1, 295
959
2,101
1,323
1,382
2,286
1,226
845
2, 054
1 286
987
2,137
1 293
1, 422
2,683
1,413
1,700
3,542
1, 392
2,105
2,822
1, 379
2,359
3,543
1,425
2, 027
3,669
1,094
1, 324
3,318
1,357
1,101
2, 622
1,525
956
2, 274
1,679
1,173
2,069
1,538
Medicinal and toilet
Chemical, household and Industrial
Dairy products
do
do
do
3,066
786
134
3,061
742
127
3,095
648
124
2,704
584
148
3 263
639
115
2 956
602
94
3, 364
751
102
3,490
699
138
2,890
590
90
3,089
637
104
2 647
553
110
3, 369
639
132
3, 117
605
148
3, 139
618
124
2, 943
510
115
do
22, 921
25, 533
26,315
25, 540
26,067
25, 893
26, 136
25, 633
26, 948
27,294
27, 570
27,672
25, 648
26, 360
25, 695
Crude gypsum, qtrly. avg. or total:
Imports
thous sh tons
Production
do
1,355
2,492
1,372
2,561
1,375
2,425
1,397
2, 377
1, 280
2, 733
2,002
2,750
Calcined, production, qtrly. avg. or total
2,205
2,295
2,226
2,209
2,437
2,441
1,012
67
1,035
70
947
69
822
73
1, 200
75
1,212
71
256
257
259
250
232
240
237
217
269
254
262
274
396.2
387.3
1, 657. 9 1, 777. 4
58.9
62.0
365.0
1, 730. 1
60.9
391.8
1, 905. 7
73.8
410.1
1, 986. 0
66.6
Stocks, end of month....
.
GYPSUM AND PRODUCTS
do
Gypsum products sold or used, qtrly. avg. or total:
TJncalclhed 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 sq ft
_ _ _ . _ ., do.
do
365.7
1, 721. 1
51.6
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills: ©
Cloth woven, total
.
mil. linear yd
Cotton
_
do
Stocks, end of year or mo., totalcf— . . . do.
Cottond*
_„ ...
do
Orders (unfilled), end of year or mo., total ? do
Cotton V—
do
760,2
1, 488. 0
1 192 5
2, 472 3
1, 848. 9
975 5
981 9
756.9
1, 509. 3
1 176 7
2 491 5
1, 800. 8
a 14, 864
215, 283
957 0
887 1 il 208 4 1 Oil 6 1 006 5
736.3
684.2 *893 8
741.3
733 0
1,494.5 1,564.0 1, 555 9 1, 527. 4 1, 514. 6
1 168 0 1 235 6 1 157 11 131 4 1 116 5
2 968. 9 2 892. 8 2 732 2 2 715 9 2 623 8
2, 127. 1 2, 084. 8 1 882 5 1 797 4 1 682 2
il 221 7
1
898 5
1 484 0
1 081 4
2 526 5
1 555 8
1 001 3 1 008 6
729 1
729 4
1, 483. 6 1,489 4
1 087 1 1 071 8
2 670 0 2 764 3
1 624 8 1 700 2
il 014 2 1 000 5
1
725 8 724 8
1,494 8 1, 509. 6
1 066 1 1 076 0
3 009 7 3 207 5
1 909 8 2 064. 6
1 014 3
722.5
1, 482. 7
1 056 0
3 259.9
2, 122. 9
!1,256
7
1
912. 5
1, 437. 1
1 039 7
3, 494. 6
2,348.6
COTTON
Cotton (exclusive of linters) :
Production:
CHnnlngsA ,
thous. running bales
ijr, ^
Crop estimate , equivalent 500-lb. bales
thous. balesConsumption O _
do
Stocks in1 the United States, end of mo., total Q
thous. bales
Domestic cotton, total O
do
On farms and in transit...
..do
Public storage and compresses O._.
do
Consuming establishments.. _ _ _
_ _ _ do
Foreign cotton, total O-—_
... ... _ do...
12, 827 ••314,077
4
678
605
1 314
683
673
i g3i
687
17,796
17,669
3,548
12, 762
1,359
128
22,068
21,920
4,163
16,510
1,245
149
20,861
20,710
2,045
17, 260
1,405
151
19,462
19,323
1,168
16, 557
1,598
139
18,225
18,095
885
15, 539
1,672
130
17,079
16,961
581
14, 664
1,716
118
15866
15,760
577
13, 582
1, 601
106
14,816
14,721
520
12, 750
1,451
95
14, 696
14, 593
3,371
9,564
1,658
103
'Revised.
i Data cover 5 weeks; other months,
4 weeks.
* Total crop for year.
8
3 Ginnings to Dec. 13.
* Ginnings to Jan. 16.
Dec. 1 estimate of 1964 crop.
§ Comprises sheathing, formboard, and laminated board,
©Effective Jan. 1964, data are not completely comparable with figures for earlier periods;
manmade fiber gray fabrics classifications were revised, the survey expanded to include
drapery fabrics, and silk was omitted from the canvass. Also, production data for manmade
fiber gray and wool apparel fabrics have been shifted to first half 1964 benchmarks.
152
1,011
3,682
9 073
683
i 741
712
702
1882
723
13 813
13,733
528
11,933
1,272
80
12 383
12 311
270
10, 916
1,125
72
26, 344
26,209
14, 264
11, 058
887
135
25, 974
25,840
12, 646
12, 341
853
134
24 948
24,823
8,123
15, 754
946
125
»
23, 709
23, 589
5,001
17, 354
1,234
120
15 117
214,867 215, 327
700
726
12, 396 3 13, 560
5 15, 356
cfStocks are those owned by weaving mills and those billed and held for others, except
that stocks exclude denims stocks billed and held for others, and all bedsheeting stocks.
lExcludes orders for wool apparel fabrics and bedsheeting.
ATotal ginnings to end of
month indicated, except as noted.
©Revisions for Aug. 1962-June 1963 are available; for
stocks, monthly averages also reflect cotton released bv GSA from the cotton stockpile (beginning July 1962).
SURVEY OF CURRENT BUSINESS
January 1965
1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
Monthly
average
S-39
1964
1963
Nov.
Jan.
Dec.
Mar.
Feb.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of linters)-- Continued
Exports
thous. bales Imports
^
_
_ _ do_
Prices (farm), American upland-._.._cents per Ib—
Prices, middling 1", avg., 15 markets
__do
Cotton linters:
Consumption©
Production!
-Stocks end of mof
321
12
l 31. 7
133.5
363
11
132.0
133.2
501
5
32.5
33.1
31.3
33.2
109
134
628
111
129
667
100
201
651
99
169
699
18,628
15,813
9,849
456
8,349
18,660
15, 653
9,538
477
8,000
.644
.912-
.650
.920
thous. bales
- - do_
do
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :0
Active spindles, last working day, total._thous ._ 18,807
16, 750
Consuming 100 percent cotton.
do
Spindle hours operated, all fibers, total
_mil__ 9,895
458
Average per working day
do
Consuming 100 percent cotton _
do __ 8,780
Cotton yarn, natural stock, on cones or tubes:
Prices, f.o.b. mill:
.660
20/2, carded, weaving
_
$perlb_.
.938
36/2, combed, knitting_ . _ _ _ __do
Cotton cloth:
Cotton broadwoven goods over 12"' in width:
Production, qtrly. avg. or totalO mil. lin. yd.. 2,312
Orders, unfilled, end of mo., as compared with
10.8
avg. weekly production
No. weeks' prod-Inventories, end of mo., as compared with avg.
5.4
weekly production
No. weeks' prod _
Ratio of stocks to unfilled orders (at cottoi?
.51
mills), end of mo., seasonally adjusted
25.24
Mill margins?
cents per Ib
Prices, wholesale:
39.6
Denim, mill
finished
..cents per yd
15.4
Print cloth, 39 inch, 68 x 72____
_. do.
17.0
Sheeting, class B, 40-inch, 48 x 44-48
do
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. avg. or total 0
mil. lb__
Filament yarn (rayon and acetate)
do_
Staple, incl. tow ( r a y o n ) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ d o
Noncellulosic (nylon, acrylic, protein, etc.) -do
Textile glass fiber ...._...
do
Exports:
Yarns and monofilaments
thous Ib
Staple, tow, and tops
do
Imports:
.
Yarns and monofilaments
do
Staple, tow, and tops
do
Stocks, producers', end of mo.:
Filament yarn (rayon and acetate)
mil Ib
Staple, incl. tow (rayon)
do
Noncellulosic fiber O_._
__
do
Textile glass
fiber......
do. ..
Prices, rayon (viscose) :
Yarn, filament, 150 denier A
$ per Ib
Staple, 1.5 denier Ado
Manmade fiber and silk broadwoven fabrics: t
Production, qtrly. avg. or total 9 ...mil. lin. ydChiefly rayon and/or acetate fabrics,
Chiefly nylon fabrics
2,190
628
184
2
30.6
30.7
132
119
777
109
89
726
118
62
649
2102
44
599
107
46
541
114
115
505
18,492 18, 484
15 440 15, 381
9, 294 211,503
460
465
7, 798 2 9, 609
18, 442
15, 292
9,481
474
7,892
18, 376 18, 446
15 208 15, 238
9,422 2 10, 272
411
471
7,836 2 8, 455
18, 543
15 273
9,678
484
7 981
.636
<913
.631
.895
9.4
108
147
797
18,625 18, 591
15, 656 15, 596
8,563 211,579
463
428
7,220 2 9, 742
18, 543
15, 521
9,494
475
7,978
.655
.923
.655
.923
.655
.923
2,214
2
.655
.918
12.3
12.8
11.0
10.1
9.7
9.1
5.5
5.0
5.5
5.1
4.9
4.9
5.0
.52
25. 20
.39
26.73
.42
26 92
.47
26 87
.51
26 85
.52
26 87
.57
26 37
38.1
15. 9
17.0
37.7
17.0
17.1
37.7
17. 0
17.8
37.7
17.0
17.8,
37.7
17.0
17.5
38 0
17.0
17.7
37.7
16.5
17.8
8 196
4 187
8 662
6,080
809
5,463
680
10 463
487
12, 913
510
15 462
56 8
35 5
50.4
35.7
47 0
37 9
135 9
29.7
4
313. 3
4
705.8
189. 3
152.6
313.4
50.5
28. 5
82
26
82
27
685.8
765.2
.82
.28
518
17 415
563
12 287
AA 7
Af\ q
43 6
41 9
41 n
48 1
82
28
70
13, 283
23.4
12.4
23.1
11.8
20.9
13.4
23.8
14.0
16.1
12.0
13.7
6.9
1.247
1.090
1.155
1.326
1. 175
1.285
1.325
1.226
1.275
inn A
1f»e A
1fl7 1
77 465
75 310
45 423
71 101
68 485
43 246
01 Q
Qfi 8
14 693
16
10
25
14
7
6
9
8
14 061
2 22 7
13 6
2
91 a
11 8
13 788
in n
10 6
91 (•
U
K
1.425
1.425
1.255
1.255
1 455 1 AKK
1. 450
1. 255
1 'AKK
107 9
107 9
78
98
109
209
644
18,489 18,672
15, 174 15, 350
9,608 212,175
480
487
7,931 210,003
18,744
15 398
9,909
495
8,166
.617
.869
p . 617
p. 869
.617
•' . 871
12.4
13.7
14.8
4. 8
6.0
4.8
4.8
4.7
4.7
.56
25 95
,49
25 11
.45
25 35
.39
33. 36
.36
34. 20
.32
34 45
.30
34 50
37 7
15 8
17.8
36 9
15 6
16.6
36 9
- 15 8
17.0
36.9
15.8
17.0
34.9
(5)
17.5
34.9
16.5
17.5
J>34 9
J> 17. 0
P17.5
742. 7
198.0 '367.3
136.4 ••349.7
346.2
62.1
3 62. 5
348.9
5.1
q 1 QQ
c (vi q
q Q47
CQ9
889
Qfi7
K7Q
m 4.w
9 fi^fi
07 Q
qc i
qc fl
qc Q
cr> C
ca a
fin Q
132 8
31 6
CO Q
78
98
78
98
7Q
98
U
98
10 907
4 851
10 831
4 994
m 4Qfi
5 367
in 94 n
5 564
883
6 902
982
7 782
935
8 433
706
10 346
34 9
53 2
35 2
49 8
123.4
35.2
r
78
28
78
28
>865.9
••388.2
204 3
71 2
862.3
384. 2
201.7
72.3
297 2
T 3Q4 o
309 2
156 2
105 7
f
162.4
112 8
17 8
94
n
o
166 3
105 9
13 251
114 5
16 842
18 4
10 1
15 1
71
18 0
98
19 7
11 5
1 q7K
1.375
1.300
1.398
1.335
1.300
1. 300
1 375 1 375
107 5
107 5
117 0
16 628
16 612
2 21 3
11 1
19 2
75
2
IDC
r
11.8
847.6
372.6
199 3
69 8
119 1
17 318
131
572
r 198
18 H
89
98
1.450
1.255
1 AKK
1.415
1.255
1 439
1.375
1.289
1 375
107 9
107 9
107 9
H
K
1 ^ 880
1Q 8
12 *i46
2
20 1
8 f\
270
1q o
17 ^
a
98
6
29.3
30.6
2, 155
2 258
4.QB
3 664
2
388
1
30.1
30.6
13.8
138 5
29 1
78
98
no
810.0
12 972
8
529
15 367
QOQ
869
725.8
190 1
141.5
335.2
59 0
6 fiQ1
5 544
407
li2 357
3
.612
r
290
44
31. 0
30.6
9.8
729.9
189 6
162.2
323. 6
54 5
9 1 fin 7 4.49
4 309 2 499
.612
.881
.631
.896
r
2,230
10.6
do
do. __
WOOL
Wool consumption, mill (clean basis):©
Apparel class
_
mil Ib
Carpet class
do
Wool imports, clean yield
____ .
do
Duty-free (carpet class)*
do
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory, fine .
___$ per lb_.
Graded fleece, $i blood
__I___do
Australian, 64s, 70s, good topmakmg
do
120
49
30.6
31.2
111
165
783
9 177
4,281
Spun yarn (100%) fabrics (except blanketing) $
mil. lin. yd
Rayon and/or acetate fabrics and blends
do— _
Polyester blends with cotton
do
Combinations of filament and spun yarn fabrics
mil. lin. yd _
Exports, piece goods.
thous. sq yd
11,633
697
2
32.5
32.6
129
184
760
659.2
177.4
144.8
289.0
48.0
53 2
48.4
79. 8
27.0
387
2
32.4
33.3
490
5
30.7
33.4
2
400
6
31.7
33.4
381
4
32.1
33.4
570
3
29.4
33.3
597. 3
181.5
125.0
243.2
47.6
4
4
587
1
30.1
33.2
1
34 97
32 4
33 1
47 8 " 46 5
78
98
p 28
16 057
14 538
t>
78
2
21 7
2 12 7
13 6
68
16 6
62
1.405
1.300
1 375
1.405
1.318
1 375
1. 392
1.325
1 375
107 5
108 0
108 7
Qfi. 1
96. 1
1.337
1.286
1 235
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, Bradford
Woolen and worsted woven goods, exc. felts:
Production qtrly avg or total© thous lin yd
Apparel fabrics, total
~"
do
Women's and children's
i do
Suiting, price (wholesale), flannel, men's and
bnvs. f n h mill
1QK7 RO — inn
r
107 9
68 640
66 654
42, 570
61 997
59 302
39 168
OS 8
OS 8
QR 8
2
Revised.
p Preliminary.
1 Season average.
Data
cover 5 weeks; other months,
5
4 weeks.
3 YOT month shown.
* Qrtly. average.
Not available.
O Revisions for Jan. 1962-June 1963 are available.
9 Includes data not shown separately.
fProduction and stocks of linters at oil mills revised to approximate running bales; data
back to Aug. 1958 are available.
^Beginning Aug. 1964, margins reflect the 6.5 cents per
pound cotton equalization payments made to domestic cotton users on all bales of eligible
cotton opened beginning 4/11/64; note that the Apr.-July 1964 margins exclude these payments.
'QR a
95 8
107 5
63, 035
61,251
42,079
71 463
69 822
46 538
QR 8
QR 8
95. 8
QR a
95.8
QR 8
AEffective Jan. 1964, data not strictly comparable with earlier prices.
t See corresponding note, bottom of p. S-40.
*New series. See corresponding note in the Aug. 1964 SURVEY. Monthly data back to
1959 are available.
©Beginning July 1964 index, yarn specification changed to "American system, manufacturer to knitter."
January 1965
SURVEY OF CURRENT BUSINESS
S-40
1962 1 1963
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
Monthly
average
1963
Nov.
1964
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
15, 284
Dec.
TEXTILE PRODUCTS—Continued
APPAREL
Hosiery, shipments
_
. _ .thous. doz. pairs- 14,343
Men's apparel, cuttings: t
Tailored garments:
Suits
thous. units. „: 1, 693
374
Coats (separate) dress and sport
_. do.
Trousers (separate), dress and sport
do
Shirts (woven fabrics) dress and sport thous doz
Work clothing:
Dungarees and waistband overalls
do
Shirts
do
15,007
14,331
13, 399
16, 350
15, 411
15, 423
14, 763
13,892
16, 544
15,174
16,661
16,896
17,417
1, 713
357
1,702
250
1, 597
171
1, 850
211
1,673
232
1,599
271
1,859
348
1 650
422
1,676
423
1, 104
328
1,806
428
1,656
391
2,177
398
945 , 931
9, 533 9, 551
2,059 2,109
903
8,779
2,140
854
7,733
1,888
998
9,892
2,442
871
9, 938
2 396
880
874
998
928
10, 110 11, 024 11, 141 11,646
2 425 2 304
2 351 2 450
570
10, 238
2,006
840
728
11, 562 11, 322
2,335 '2 325
942
11, 108
2,679
411
341
442
337
421
313
378
274
428
331
379
302
398
369
2,408 2,521
19, 918 20, 446
930
1 008
2,454
19, 608
708
3,096
21,443
820
1 323
719
1,575
829
289
300
336
316
342
309
298
221
Women's, misses', juniors' outerwear, cuttings: t
Coats
thous. units.. 2, 002
20,880
Dresses
.
do
806
Suits
do
2,046
21,914
828
2,001
18, 933
796
1,727
15, 915
770
1,370
656
1,363
825
Blouses waists and shirts
Skirts '
thous. doz
do
1 351 1,041
607
690
442
329
462
344
439
310
2 247
2 445
1 588 1 032 1 541 2,135
21, 920 24 866 28,149 29 943 25, 545 22,953
, 584
909
1 259 1 362
628
868
1,408
741
1,500
776
1 442
758
1 250 1,354
923
844
1 471
*825
1 274
900
1 344
837
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), qtrly. avg. or total
mil. $.IT S Government
do:
Prime contract
_
do.
Sales (net), receipts or billings, qtrly. avg. or total
mil. $._
U S Government
_
!___do
3,741
2,996
3,330
4,414
3,519
4,018
3,656
2,758
3, 263
4 899
3 863
4 443
4,580
3 396
4 192
4,504
3,293
4, 119
3,993
3, 138
4, 102
3,301
4,257
3,398
4,098
3 144
4,345
3,365
3,978
3,060
Backlog of orders, end of year or qtr. 9 —•
do
U.S. Government.^
do
Aircraft (complete) and parts
.do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units, and parts
_ ._•_.
mil. $__
Other related operations (conversions, modifications) products, services
mil. $_
13, 138
10, 572
5,045
1,527
13, 919
10, 953
5,301
1,510
13,919
10, 953
5,301
1,510
14 705
11, 665
5 879
1 383
14, 928
11, 694
6 181
1,334
15,454
11, 927
6, 294
1, 461
4,056
4, 661
4,661
4 809
4 825
4,882
1,480
1, 295
1,295
1 403
1 324
1,381
Aircraft (civilian): Shipments ©
do_
Airframe weight ©_thous. lb__
Exports
mil. $
81.8
1,682
27.3
57. 2
1, 340
20.3
52.8
1,306
20.9
88.1
2,045
1 5.4
84 6
1,815
41 8
66.5
1,567
17 9
96 7
2,011
25 0
114 6
2,297
33.4
92.3
1,997
24 0
96 0
2 091
19 8
71 4
1 631
24 9
89 2
1 748
19 5
67 8
1 454
14 0
94.4
2,176
681.1
654.6
577. 8
562.8
103.3
91.9
758 4
730 0
636 5
620 3
121 9
109 7
873.3
836. 8
748.5
726.2
124.7
110 6
881.8
846. 4
754.0
733.0
127. 8
113 5
859 6
831 5
726 2
709 0
133 5
122 5
814 1
784 8
681 1
665 4
133 1
119 4
860 5
829 3
718 0
700 9
142 5
128 4
939 9
909 3
786 4
770 2
153 5
139 1
875 7
845 1
735 0
719 5
140 7
125 6
893 2
862 6
740 6
726 7
152 5
136 0
691 4
670 3
570 3
562 2
121 1
108 1
339 6
319 9
237 3
230 8
102 2
89 1
700 9
671 1
581 9
563 8
119 1
107 3
491 8
463 7
411 5
394.7
80 3
69 0
20, 100
number
do__-._ 11,246
_do _ • 8, 855
22 928 42,056
12 851 29, 066
10 076 12, 990
34, 607
24, 799
9,808
33 829
20,274
13 555
27 606
13,995
13 611
23 857 22 407
ll' 932 12, 031
11 925 10 376
27 769
13 166
14 603
34 681
18*986
15 695
22 032
10 677
11 355
26 308
14 927
11 381
22 g53 26 938
ll' 895 13,521
10 958 13 417
25 130
14, 577
10 553
33,080
Imports (cars, trucks, buses), totaled
_.___do
Passenger cars (new and used)c?_
_do__— 32, 063
Shipments, truck trailers: A
Complete trailers and chassis. ...
do _
6, 081
Vans
do____ 3,733
Trailers and chassis (detachable), sold separately
537
number__
Registrations:©
New passenger cars
_._
_thous_. 578. 2
28.3
Foreigncars
do
New commercial cars (trucks) __ _ _ _ _ do _
89.1
36 534 39, 086
35, 308 38,504
40, 952 45 588
40,037 44, 330
38 426
38, 243
47 238
46, 868
46,404
45, 950
41 211
40, 808
47 015
46* 481
47 172
46,812
20 430
20, 181
40 283
39 632
46 83t
46, 382
48 374
47, 644
5 910
3' 609
7 184
4*246
8 141
4,745
7 991
4 562
8 185
4 614
7 ggg
4,538
7 309
4 366
r 8 039
r 4 839
6 971
4 177
_*£
83.0
1,856
21.7
oo Q
MOTOR VEHICLES
Factory sales, total
Domestic
Passenger ears, totalDomestic
.
: .
Trucks and buses, total ' *
Domestic
Exports, total
Passenger cars (new and used)
Trucks and buses
_thous._
do
do
do_ _•_
do
do
6 465
3 885
6, 590 > 6 503
4,311 4,139
6 135
3 802
794 1 il 014 3
748 8
679 2 i 866 6
648 4
114 9 i 147 7
100 3
445
427
459
342
289
515
607
623
627
651
806
>-804
678
629.7
32 1
103 7
640.2
26.4
100.4
712.0
35.8
114 6
612.0
35 4
102 7
551.8
29 8
90 9
636.9
35 8
108 3
812. 3
45 0
132 5
780.6
41 3
124 3
754.3
42 5
122 4
724.2
44 2
123 0
648.7
42 4
111 1
565.4
42 4
121 1
658.5
46 2
114 5
3, 747
2,608
1,140
3 911
2, 925
986
4 442
3* 087
1,355
5 253
3 299
1,954
5 467
3 674
1, 793
6 780
4 336
2,444
fi KOQ
3 531
2,998
6 931
3 947
2,984
fi 7KQ
5 258
4 055
1,203
A QXQ
2 875
1*474
4 0-1 A
2 899
1, 415
5 124
3 629
1, 495
3,076 '5,089
1,979
3,665
1,097 '1,423
8, 273
6,673
1,600
9 727
7 868
1, 859
10 552
3 441
7 111
3 701
3 172
' 529
7 040 r 2 596 r 5 825 r 4 293
5 454 r 2 296 r 3 776
3 554
r 739
1 586
300 2 049
4 644 r g 34.4
4 124
3 627
1 017 r i 220
r 1 382
6 7Q6
3*390
<3 406
6 444
2 316
4* 128
31,598
21,006
10 592
31, 278
20, 688
in ^Qft
30, 452
20,249
10 203
29, 824
17, 187
12 637
98
563.5
39 9
97 8
RAILROAD EQUIPMENT
Freight cars (ARCI):
Phiprnfipts
Equipment manufacturers, total
Railroad shops, domestic.
New orders _
Equipment manufacturers, total
Railroad shops, domestic.
Unfilled orders, end of year or mo....
Equipment manufacturers, total—
Railroad shops, domestic
Tinmbp.r
do
do
___do
do
.__._do._._
3,046
1,962
1,085
do..__ 14,315 22, 183
6,788 12, 645
.do
do
7,527
9,538
Passenger cars: Shipments.....
...do....
} Unfilled orders, end of mo.. ..do
23
174
16
198
Freight cars, class 1 (AAR): §
Number owned, end of .year or mo. ___..__ thous..
Held for repairs, % of total owned
1,552
8.0
1,515
6.8
r
r
26,611 32,311 37, 836 36, 080
15,425 20, 161 20,291 19, 789
11, 186 12 150 17 545 16 291
5
5
24
14
352
178
317
387
1,519
7.0
1,515
68
1,513
6 5
f Revised.
* Preliminary estimate of production.
« Corrected.
t Monthly revisions for Jan. 1961-Sept. 1963 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.
c? Datacover complete units, chassis, and bodies.
AEffective with the Apr. 1964 SURVEY, shipments have been substituted for production.
Shipments of trailer chassis only and dump trailer chassis, sold separately, are now included
with the complete trailers arid chassis (except detachable). Data back to 1958 are available
©Courtesy of R. L. Polk & Co.; republication prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars.
1,507
6 3
36,922 34,690
20,960 19,930
15 962 14 760
5
15
382
377
1, 505
63
1,503
6 2
4 190
2, 569
r 4 013
2 631
c
^ 820
c4 260
1,560
e
33, 410
21,084
12 326
30,631
20, 383
10 248
28,618
19, 757
A
371
15
356
21
363
30
333
305
31
284
46
238
1, 502
61
1,501
6 0
1,500
61
1,499
60
1,497
60
1,495
60
1, 493
60
Q QA1
NOTE FOR MANMADE FIBER FABRICS, P. S-39. {Effective 1st qtr. 1964
data reflect revised fabric classifications. The difference between total production and the
sum of data for filament, spun, and mixed yarn fabrics shown separately (p. S-39) covers
upholstery, blanketing, silk, paper, and other specialty fabrics. The difference between the
total for 100% filament yarn and the components shown, covers all other filament yarn goods,
including glass fiber and polyester fiber fabrics. Earlier data comparable with the detail
shown are not available. Figures for 1st qtr. 1964 reported under the new classification
system and receded to the old are summarized for comparison with data shown in the Aug.
1964 and earlier issues of the STJKVEY as follows (mil. yd.): Total, 840.5; rayon, 485.2; nylon,
79.1; polyester, 204.0; silk, 4.3.
TO
Earnings, weekly and hourly _____ _ __ _____ *._ 14-16
Eating and drtakmg.places..~_--____;.'______.'— 11, 12;
• Eggs and poultry, _ _ .___,^^__,____;«,__^— 3,7,29
Electric power___^____!. J-..-___;,__.___.:___~* 4, 8» 26
Electrical machinery and equipment— _______ 3*
Business indicators.. . .„ „__________....... - ' 3-7
5, 6, 13-15, 19, 22, 34
Commodity prices,*.!__...____;.".__•„..-____. .- 7^8 ' Employment estimates ___ ___ '.„'„ _______
.„; ___ ^-— , 12—14 Construction and real estate, »______;_..„ __ 9, 10
Employment
Service
activities
________
______' ' 16
Domestic trade. .__'...____._„__.._____.,;„ 10-^-12
Expenditures, 0.S. Government,* ______„____
18
Explosives'.--,.
„...-.>_:„„,
___
'^,^^^^
' 2S/
Employment and population-.________: __ .
Exports
(see
also
individual
eominodities)
____
14
.Finance.,..,,,.^,,,.-...___„.________;....„____16-21 ' - • . . '•',
-,
' - , . ' .
•2.-21-23
Foreign trade of the United States,,.__..„._" 2 1-23
Express
operations.
,„*
__
I,,,.,
__
'.
___
23.
i ._^__« r ,^w». •
Transportation and communications.,. .___! . . / 23, 24 '
Failures, industrial Und eotnmerelal.1..*...*^
7
Fans and blowers. .. . ;___^;____.___^..i.-..^*^ 34
Industry^
Faifm income, marketings, and prices.*____-,. 1, 3» 7
Farm wages. «..,.___.^.^____i..__i_____^__„.„...
16 •
Chemicals and allied products ..I...___I*;.*
'25
-.™..™,...™......,___-8, 22, 29, 30 ,
Electric power and gas.......___-__,„ ___ _,'„_. , '20
Federal Government finance _____ _;.,*
18
Food and ktndred products; tobacco _-j.^». 26-30
Federal Reserye banks, condition of _
16
Leather and products.... „.._»__,__. „„!,-_-;;,„,_ 3&» 31
Federal Reserve member banks , ____
17
25 •
Lumber and products.,_______.^..^ _______ 31
10-'
-.— ..^,_.
...—.,______„..
Metals and manufactures_______„..'_____.,;• 32-34
:
oils andfish____ _____„_;„___.,„__
29 '
Petroleum, coal, and products , .__.,_;____35, 36 •'Fish
'Flooring, hard wood,:_______^^___.„__„___'__• 31- Pulpv paper, and paper products __ _„ __ ____ 36, 37
- ' Flour, wheat. . ..^i..V.-**...l— .-___—___- - - - 2 8
Food products™ 4-8, 10, II, 13-15, 19, 22, 23, 27-30
Rubber and rubber products .. ________ < „ „•___
37
|*ore,closuress real estate., .____«^i^.-__,..^.. - , , 10Stone, clay, and glass products. ^..C____._. : '38
Foreign trade (see also individual commod.^... 21*23
Textile products ._____-._...,;,„.._.,____;...'38-40,' - ' ;Foutidry
equipmfent^ ___ ,_„.' _____ L.— «___-^'^ . 34
Transportation equipment .„____„ „___1 . ___ 40
Freight.carloading»-^^_^ ______ ^_____; ______ •• '"24
Freight cars (equipment)™ „____-1___:«»_____„- 4, 40
: Fruits and vegetables.™..^— »-^..«_>— 7, 8',- 22-'
Fuel dtf..*.J____„_»>,___.„«-.___,..._____35, 36
. >. •
INDIVIDUAL SERIES'.
-' ; '-' , Ftiels-_______—______#...,___4.-— 4,8,;35,36•
Furnaces
—.»»___,__,„. ___ ^^ _____ ,-__^^^ __ „_-„' ' 34 .
Advertising.... „
, „,_„ '
\ ._„ 10, II, 16 '• * Furniture.
___„_;._„___„,.____.... 3,4,8, 11-rlS, 17
Aerospace vehicles,. „,.___.,,
4—..,.'
..
40
•
,
Furt.
.......
«...*.;___.-*, ---- ^:____....wii/.^l;
23 '
Agricultural loans
. ,
}.„. „...„_,., ' 16
Air carrier operations^
I™-.- ......I-_ '.' 23
Gas, output, prices, sales»revenues--.» -,._,.*-» 4,8,, 26
Aircraft and parts,.....„_,
„ 3,13-15, 40
Gasoline.— ,»„_____— „•_______- 1, 35-, 36
Alcohol, denatured and ethyl. „,_ ,-..-_,-'
25
Glass and products*,.____•„____.___^____^____i
38
Alcoholic beverages„_,„»,__,
. 8,10,26
Glycerin----.—,,.._._.:-----„___.___..____. 25'Aluminum ..__.^,_.,.,..,^ ... ' • . • ., ' - 23,33
OoW...*—- ,.-^— . „.«.____,______„„*,.„>,-_ ' -, 19
Ai»p»rd—'—-,i-«.,...-.^.w 1*3,4, 7,8,10^15,40
Grains and producls..-_____mi._ 7, 8, 22, 24, 27, 28
Asphalt and tar products_l_»,._„„_, _ _ ^ _ _ w _ ^ ^ 35,36
Grocsery stores--__-,___»—"...___'-___..*„_____. II, 12
Automobiles, etc.:-* 1,3-6,8,10, II, 13-15,19, 22, 40
Gross national product__'______„-___'„_____„. __ I t ,2
Gross private domestic investment________„_ 1, 2
Balance of international payments _,
:, 2
:_
Gypsum and products.. -,-l.^^__:______... __ 8, 38
Banking.--.
' „...
, „„. > _ •'„ - 16,17
Barley,.—
„
.._„.. ....I-I..II
27
Barrels and drums
, ~~
_....u... -- 33
. Hardware stores*. _!,„.__. ^.^.....^i.__.««_
ll':
Battery, Shipments. . . .__.,».- '.*^^.
... 34
Heating 'equipment.,--^ ____ '_____,„;__'___J__-^ • 8,'34
Beef and veal .^..__-„-..-:
, ....
•
Hides and skins___„ ____ .,..w____.____,_____- - 8, 30
28
•Beverages.. .'
.. ._.„_„„,..
_I~4,8, 10, 26
Highways and roads'.^.* __ „„•».• __ __ ,___• . ' „ - 9, 10
Blast furnaces, steel works, etc
i.^I».
I3-1& .
flogs., ___________..v-— -— — — ~II— II -'28
Bonds, outstanding, issued, prices, sales,
Home Loan banks, outstanding advances__..
10
' yields*.^
,._
-_,_„.. . . 18-20
-.Home mortgages.- —;~'__'„.___:________„» __ _
. 10
Brass and bronze .-.. .-' . ~ ' - -. •
33
' Hosiery_______:______.__. . _____ ««
40
.'Brick
•..._. _.„...
-I...IL..IL
38
Hotels— .»_______...^____+___... *—:_„„ 14,15,24 Broker's "balances.-„.„.. ,„.
....
'
20
Hours of work per week— .___^.__,_^»^____ifcA - ' 14
Building and construction materials- 8,10,31, 36,38
Housefurnishings______-..-_________1, 4, 7, 8, 10-12
Building costs
_.;
.._ ,„- .... 9,10
Household appliances and radios ,._»^_. 4, 8. 11, 34
Building permits.. .
'..•.'..,
r..,.IIZ..I,
Housing starts and permits^.._______.........
9
9
Business incorporation^ (new),failures.^..... ' ' -7
' Business population,,
:
..^2
Imports (see also individual commodities). 1,2,22,23
Business sales and inventories... -^
4,5
Income, personaL.*__.,____'-.___„____^.w _____ 2, 3
.Butter
.,..^......_j
—..
27
I income and employment tax receipts .- _______ 18
Industrial production indexes:
• Cans (tinplate)
«-T...-.
:.„. ...By industry.-.-____'_...»™™ ....... _______ 3,'4Carloadings... ._.:„..
.^. .,.'..„
: '.
, By market grouping____J _________ .____„_ 3^4
24
Cattle and calves. ...
, ^..I.I.IIIIII
28
Installment credit— _„_.______^^ 12,17,18
:
Cement and concrete products..„„ ...II~8 -10, 38
Installment sales, department stores_____-:__^
if
Cereal and bakery products
*.
,.^
8
Instruments and^related product_______.». 3, 13-15
Chain-store sales, firms with 4 Or more aikf 11
Insulating materials — „• ------- ^,___:__^-: ____ - ' 34
or more stores. __; ^_ \ 12
Insurance, life___.-^___^______i____,_____.__._ 18,19,
Cheese
,._
_„.,..^_ _.. ' '""II""
27
Interest and money rates...,.__•___„„-•____,_';,.. , 17
Chemicals......_,„........., 4-6,8,13-15,19, 22, 25
Inventories, manufacturers* and trade ___ 4-6, 11, 12
Cigarettes and cigars
'_ , -.
.._ 8,30
Inventory-sales ratios-.— ^ _____ „_; ________ , ___ , 5Civilian employees, Federal.
: : -,„!
Iron and steel . _ 3, 5, 6, 8, 10, 13-15, 19, 22, 23, 32, 33
Clay products...
,„.. „., ._• '
8,38
.Coal....
,„_
-„.„ 4, 8,13-15, 22, 24,35
Labor advertising index, disputes, turnover. __ 16
Cocoa... -„ '
,• ^.. -i_-^.».^. 23,29
Laborforce..,.,^___„________™i.-.-.i______ '• 12
Coffee..
..
.i,.^,...
''
23^29
Lamb and niutton. _____________ .___^ ______ „ ', 28
'Coke.
'
24,35
Lard..-,., ------ -™ —' ----- , ------ . ----- v— ' 28 '
Communications___„..______l^J,.,___-'2, 13-I§. 20, 24
Lead
..... '-------w— »,. ^-»—_ ..... __ . . 33
Confectionery, sa!es»;. _____ , _____ ,__, ______ ;___'
29
Leather and products^-,...____._ 3, 8, 13-15, 30, 31
Construction:
-,""
Life
insurance.- -------- .___„.*..____,.__•___^*18» 19'
Contracts __ _„ __ _^ __ j.____, __ ^^
9
Linseed oil.- ___ ., _____________ .__, ____ 1.___, ___ 30
,^_____,.,___,________ ..-.,.*
9, 10
Livestock,.—
^.—^-^—.^
______... 3, 7, 8, 24, 28
Employment, hours, earnings, wages _
13-16
Loans, real estate, agricultural, bank, brokers*
• Highways and roads ______ , ___ „„_
9, 10
(see
also
Consumer
credit)_____;«_,_ 10, 16, 17, 20
- Housing starts.-___,„, _______________
9
s
Lubricant»._'______.___. _______ „-_____'______. -35, 36 •
Hew constrqction put in place.,.:_^_
1» 2, 9
Lumber
and
products^
---------- 3, 8, 10-15, 19, 3 1
Consumer credit___„.______-^^_____,»i.,
17,18
Consumer expenditures ____ ,__'__'«^«i«.
1,2
Consumer goods output, index. .»__^»»_
3,4
Machine tools ---- _ _____ « _________________ : , 34
Consumer-price index _____ ,__'_• __ „.
7
Machinery. ..____^^ ___ 3, 5, 6, 8, 13-15, 19, 22, 34
'Copper.-;_____,__,__-^.^:______-____,
23, 33
Mailorder houses, sales..-__:.„„_______, _____ , li
27
Manma defibersand manufactures ..________8,39
w*.r.« __ _____' _„ __ »__« _ . .
Cost of living (see Consumer price index) ^ ___
7
Manufacturers* sales (or shipments), inventoCotton, raw and manufactures____;. __ 7f 8, 22, 38,39
ries, orders .,..'. ..... -,._,.,.„,,___:.-____:;,. ,4-6 :
Cottonseed cake and meal and oil___„„_,;___„
30
Manufacturing employment, production workCredit, short- and intermediate- term ;. _ „ ,_____ 17,18
ers, payrolls, hours, earnings..____________13-15
Crops... _.„._„„.__ ___ „._____L-.^«..'3t 7, 27, 28, 30,38
Manufacturing production indexes- ,_____.. __ 3, 4
Crude oil and natural gas_______,..,..,». 4, 13- IS, 35
Margarine. ------ ,..„.-____*.^«.,______•*.____' • 29
Currency in circulation - . „».__„..___w-i.».' j^. 19
Meat animals and meats...___-_______3, 7, 8, 22, 28
Medical and personal care_____........j.^...
7
Dairy products^, __ ^_*.;____•„'__-___^«_._^^_ 3, 7, 27
Metals —^.....-.... 3^6, 8, 13-15, 19, 22, 23, 32-34
Debits, bank»______-____,..-««..^u___—.,.'
16
Milk ..... ,— -____..'.'...____,_____-_ — ' 27.
Debt, 0.S, Government____.„•___^___^-__>.^ - ,' ___;" 18
Mining and minerals. ;..-.,,-— 2-4, 8, 13-15, 19, 20
Department stores ,.___^.j_____,««li''J__' 11» 12), 17
Monetary statistics-.* ________ „„•_____, ______ ' 19 '
Deposits, bank_______^__,_______.^..j^^. 16,17, 19'
Money supply..^.____._.,*..— ____ -___-,„ _____ „. , 19
Disputes, industrial ___: _______ '1, ___ .___( II.
''16
Mortgage applications, loans, rates. „_„, ___ 10, 16, 17
Distitted SpirltSw ._______,_____:_..A_.__.,.__ ' 26,. Motor carriers ...... — «„—_______„__„_- 23, 24
Dividend payments, rates, and yields. « . -, i , 3, 18-2 1
Motor vehicles _____ 1, 3^-6, 8, 10, 11, 13-15, 19, 22, 40
Drug stores, sales___, ___________ _ ___ i-____„. II, 12 '
Motors and generators_______«-.....__.....1 ' 34-
•SECTIONS"
' General:
National defense expenditurw....!,..;___.... 1, 18
National income and product..______^...».... 1, 2
National parks, visiti......______^..._,.__.
?4
Hewsprlnt.. —______.....______.....^_____23,37
New York Stock Exchange; selected data _„ 20, 21
Nonferrous metals.— -.'.:____..... 3, 8, 19, 23, 33, 34
:
Noninstallment credit. ....... ^.•_.......,.^«. 17.18 '
......,.____....___................... ' ' 27
.Oil burners___•____._____;.^«.»J,_______....*-. 34 Oils and fats____^..-............^.^.. 8,22,29,30
Orders, new and unfilled, manufacturers' ___ __ 6
Ordnance...___,._...__^.._..,..i._.___..._. 13-15
Paint and paint materials ^.....^..-....V-___' -' 8, 25, '
•Panama Canal traffic*:_____'__'___;___........
24 - 'Paper and products and pulp».»*___.^...... • 3,
5, 6, 8, 13-15, 19, 23, 56, 37
Parity ratio ..........____^,...,_____......_-. ',7
Passports issued....,____:'__.-___k _;______.____, • 24.
Payrolls, indexes..._______,.„,____,^____.... , ', ' 14'
Personal consumption expenditures....__„._< __ 1,2
'.Personalincome,.,..__.______...»*_.___-.___.___. • 2,3,
- Petroleum
'and products^ ^_______.. .._____»___^' -4~6f
' '
..-.^....^....____...^.._______...._- : 32Plant an4 equipment expetiditures. ... ..___^ 2, 20
'Mastics and. resin materials _ . ^11....'.^.^... - •: 25
- Population^..._____l...,____„._...„,.______- . 12
"Pork..-,..^.....^._____...^___-_____._,
28 ,
Postal sayings.........____^^...i._.^..^_
17r
Poultry and eggs____:.........^_^...:^_..._ '3, 7,29
Prices (see also individual commodities) ..... 7,8
-Printing and publishing.____....^.»_..^. 4, 13r-15 Profits, corporate,.____:...'.„-.;_•.__±__i,...-. -• I,1'9 •
Public utilities^......,...,____„ 2-4, 7-9,'13-15, 18-211,
Pullman Company.____..__.*»;..•.„_.'__;__^ __ .'24 '
Pulp and pulpwood.......___.j._— _.I..I._ , 36'Purchasing power of the dollar..___.:,,_______;
8
• Radiators and convectors.^...i, ..._^ ^_. " ' 34'' Radio and'televisioni..^. i...^
4,8,10, 11,34
Railroads. . *^,,
,. 2,13,14,16,18,20,21,24, 40
Railways (local) and bus lines....^«. 13--13, 23
, Rayon and acetate..._..„. /„ ....-' ...i'
39
/Real estate..-.^.........._...„_... • 10, 17,18
• Receipts, 0,S« -Government....^ ... .....
18
Recreation. ..........,..._-...._..•._...»._.
- Refrigerators and home freezers....-., ., •„
34
Rent (housing);,.^... .„<. -..._. .,
.' .
7
Retail trade
4,5,7,11-15, 17,18
•Rice
..4-.^...,..w.
27
Roofing and siding, asphalt-._.»;.:.'..
36
Rubber and products (incl. plastics)4-6,
8,13-15, 23,37
27
Saving, personal...
, . ..... „ ^_
2..
Savings deposits.!
•„.
'. ...
; , .«
17
- Securities issued
_...^. .. : , ..... If, 20
-Security markets ... ^...
.;..„
20,21
Services—..
'.i..'.-......_..._.: ;.'l,-2, I3-1S
28
Sheep and lambs...- :.*.,.. ^.......... „•
Shoes and other footwear•„...—..
_. 8,11, 12,31
Silver
:....„. i-.._..^_..;.....,........_
19
Soybean cake and meal and oil ^_.
.
30
Spindle activity, CQttort_.___ ..^ ,
...
39
Steel ingots and steel manufactures.—^_.. . 32,33
Steel scrap........
.'....,
..,
...
32
' Stock prices, earnings, sales* etc...-.-.. ^,._ 20,21
Stone, clay, glass products
3-5,8,13-15, 19,38
Stove's and ranges.... .;.„_.. ...
„_..
34
23,29
2S
Sulfuric acid.
25
Superphosphate..
25
-Tea imports
....^
,..».«,•
...' 29
Telephone, telegraph, cable, and radiotelegraph carriers...—...—..,; ,— .... 13--15,24
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, 22,30
Tractors.-.....—, \ i .....
,~ 22,34
Trade (retail and wholesale)^ . - ~ -.'
4,5, 11, %%
- Transit lines, local
.....i,.
;
.....
23
Transportation.—......^:
:I, 2, 7,13-15, 23,24
Transportation equipment..
^. 3*6,13*1$, 19,40
Travel—^
—
./.
.
.
.
.
.
.
. 23,24
' Truck trailers...*...—.^
.1
...
40
Trucks (industrial and other) ....... ..... 34,40
'•
Unemployment and insurance....
; .. 12,16
U.S. .Government bonds.
' '.
:.. 16-1^, 20
UM, Government finance ,. -...,
•..
' 18
Utilities.................
2-4, 9,13-1S, 18-21, 26
Vacuum cleaners...^...._ :„......._..._. 34
- Variety ttores...—!«.„.w
.... .
_.. 11,12
Vegetable oil[s..,......_...
. ........ - 30
Vegetables and fruits
_..„..
7,8,22
Vessels cleared in foreign trade.;-. .......^
24
,'Veterans*"be«efits....*...... -..
.
:.- 16,18
Wages and salaries..
' .... ..... 1,3,14-16
'Washers and driers .^,._..
"
* •
- , 34
Water heaters
...._........
.. 34
Waterway tralfic...—,
......._•«__..
24.
Wheat and wheat
flour
,
•_..
28
Wholesale price indexes.*_.„..,
^-...^ ' ' 8
Wholesale trade,-.....
^,......... 4, §»-7,13-45
Wood pulp.....w;
..--........._.,
^....
36
Wool and wool manufactures........... 7,8,23,39
Zinc
..I
^....1.....^—.....I........ 3^,34,:
UNITED S T A T I
NlMENT P R I N T I N G OFFICE
First-Class Mail
W A S H I N G T O N . D.C
The Office of
Business Economics calls
attention to . . .
BUSINESS STATISTICS
1963
THE FOURTEENTH VOLUME in a series of statistical
supplements to the monthly Survey of Current Business,
the latest (1963) biennial edition provides historical data
for each of over 2,500 economic indicators.
Monthly data are shown back to 1959, with quarterly
series back to 1951 and annual averages from 1939.
Explanatory notes for each series refer to the source and
methodology used, define the statistical units, and specify
both the comparability of current and past figures and
the adequacy of coverage.
Price, $2.00
Superintendent
Printing Office,
any Field Office
Orders may be placed with the
of Documents, U.S. Government
Washington, D.C., 20402, or with
of the
U.S. DEPARTMENT OF COMMERCE
@FedFRASER