Full text of Survey of Current Business : January 1968
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
JANUARY 1968/ VOLUME 48 NUMBER
,'OF
;
,,; ;
;
•' • >
;
V ,
;\
/CONTENTS
The Economy in 1967
1
- '••'•
National Income and Product in 1967
3
Alexander B. Trpwbridge / Secretary
National Income and Product Tables
16
Employment-—Prices—Finance
20
The Balance of Payments
27
Personal Income Rises in All Regions in Third Quarter
30
William H. Shaw / Assistant Secretary
for Economic Affairs
Office -of Business Economies ••'.'. : • . '
'
George Jaszi / Director
Morris R. Goldman Louis J. Faradiso
Associate Directors
Murray F. Foss / Editor
Leo V. Barry, Jr. / Statistics Editor
Billy Jo Hurley / Graphics
':.
''STAFF d)m^
National Income and Product;
Mabel A* Smith
George M, Cobreii
Henry Shavell
Charles A« Waite
Genevieve B. Winasatt John A, Gorman
Donald A, King
Leo Bernstein
Employment-*- Prices—Finance:
Mabel A. Smith
Donald A, King
David R. Hull, Jr.
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index (Inside Back Cover)
The Balance of Payments:
Evelyn M. Parrish
Personal Income:
Robert B.Bretzfelder
Subscription prices* including weekly statistical sup ~
plements* are $6 a year for domestic anaf 9.75 for foreign
mailing. Single issue 45 cents.
Make checks payable to the Superintendent of Docu*
ments and send to U.S. Government Printing Office,
Washington, D.C. 26402, or to any U.S. Department of
Commerce Field Office.
U.S. DEPARTMENT OF COMMERCE FIELD OFFICES
U.S. Courthouse Ph. 247-0311.
Anchorage, Alaska 99501
Lousfeac-Sogrt Bldg. 272-6331 v
Atlanta, Ga. 30303
75 Focsyth St. NW. 526-6000.
Baltimore, M<1. '21202 " ; ;i
305 U.S. Customhouse 962-3560,
Birmingham, Ala, 35205
908 S, 20th Si, Ph. 325-3327.
Boston, Mass* 02203 •' ' ; - ' 'JFK Federal Bldg. 223-2312,
•' Buffalo, N.Y; 14203* ' ' ' - ' - 117 EOicott St. Ph, 842-3208.
Charleston, S.C. 29403
334 Meeting St.
'Pfa. 577-4171.
"Oiarfestott,- W, Va- 2S301
500 Quarrier St. Ph. 343-6196,
' €fae£«kttic», -Wyo.'. 82001
6022 U.S. Federal Bldg.
Ph* 634-5920,
Cfcioago, HI* 60604
1486 New Federal BWg.
Ph, 353-4400,
Cimcfimati, Okio 45202
' 550 -Mam-St. , Ph^684-2944.
d, Ohio 44101
EL 6t|i St. arid Superior Ave,
' ; Ph. 522-4750.
",
'• ' .
BaMas, Tex, T5202
11 14 Commerce Su 749-3287.
Dewyer, Colo. 80202
16419 Fed, BJdg,» 20th & Stout Sts
Ph. 297-3246.
0es Motae** Iowa 5Q309-'
609 Federal BWg.
Ph. 284-4222,
Betroit, Mich, 48226
445 Federai BIdg, Ph, 226-6088.
Greensboro, N.C. 27402
25B Federal Bidg,
Ph. 275-9111.
Hartford, Ccmn. 06103
18 Asylum St. Ph, 244-3530.
Honolulu, Hawaii 96813
202 International Savings Bldg.
Ph, 588-977.
Houston, Tex* 7:7002
515 R«sk Ave. Ph. 228-0611.
Jacksonville, Fla« 32202
400 W. Bay St. Ph. 791-2796.
Kansas City* Mo. 64106
911 Walnut St. 374-3141.
Los Angeles, Calif, 90015
1031 S, Broadway Ph. 688-2833,
Memphis* Tetm. 38103 \
345 Federal Office Bldg.
Ph. 534-3214, -"'
. '..--.
Miami, Fla. 33130
'' '25 West Fifigler'St* Ph. 350-5267,' .•
Milwaukee, Wis*' 53203
': ". •' :
,238 W.. Wisconsin Ave. 272-8600,
Minneapolis, Minn, ' 55401' 306 Federal Bldg, Ph. 334-2133.
New'Orleans,-La* ; 70130
'•'•
610 South St. Ph. 527-6546.
New York,-N.Y. 10001' , . ' - ;
Empire State Bldg, ".' 563-3377. ' "
Philadelpltia, Fa. 19107
1015 ChestnutiSt, - - Ph. 597-2850,
'Phoenix.i Aria.; • 85025
230 N. First Are, Ph, 261-3285,
'
Pittsburgh, Pa, 15232 ' • / '
10QO Liberty AYe. Ph. 644-2850.
Portland, Oreg. 97204
; 217 Old U.S. Courthouse Bldg.
•,'Ph; 226-3361, ;
• ,;
Eeiio, Nev. '89502 •,
300 Booth St. Ph. 784-520$,
•H!i0hmon«t, ;¥a, 33240- ' . . .
2105 Federal Bldg,
Ph. 649-3611.
' '
2511 Federal Bldg. , -622-42'43, -',
Salt Lake City; Utian ' 84111 , ; :
125 South State -St. Ph, 524-51 16.
San Francisco, Calif. 9410^
450 Golden Gate Are*
' Ph. 556-5864. '. " , / ,
".-.
San Juan, Puerto Rico 00902
100 P.O. BWg. Ph» 723-4640.
Savannah, Ca. 31402
23$ U.S. Courthouse and P.O.
. -Bldg.r -Ph.- 232-432 1.'
Seattle, Wash.' 98104 '
S09 Federal Office Bldg,
Ph, 583-5615.
The Economy in 1967
A HE year 1967 was another one of
expansion in the U.S. economy—-the
seventh in a row since the upturn that
started in early 1961. During the year,
rising demand, chiefly under the stimulus of increasing government purchases
and the recovery in homebuilding,
again brought new records in production and sales, income, employment,
and living standards. The economic
climate in the first half of 1967 was quite
different from that of the second.
Activity was slow in the first half
because of a major adjustment in
business inventories, but it improved
after midyear and was rising briskly at
yearend.
Most of the gains from 1966 to 1967
were smaller than those from 1965 to
1966. The contrast was pronounced in
manufacturing, especially durable goods,
where the inventory adjustment, a
leveling out in capital investment, and
a decline in automobile demand that
was aggravated by a strike had their
major impact. The sluggish activity in
durable goods was primarily responsible for a decline in corporate profits—
the first annual decrease since 1960.
The demand for labor was not quite
so intense as it had been in 1966, when
labor shortages were fairly common.
Hours of work were cut back and employment grew less rapidly, mainly because there was little growth in manufacturing. The increase in employment
fell somewhat short of the rise in the
labor force so that unemployment
showed a small increase for the first
year since 1963; however, because the
rise in the labor force was rather large,
the average rate of unemployment was
unchanged from the recent low reached
in 1966. Unemployment rates contin-
ued to be high for teenagers and
Negroes, and employers continued to
place a premium on skill and experience.
Despite last year's slower growth,
workers obtained the largest increases
in wages and fringe benefits since the
midfifties.
The economy in 1967 was beset with
a number of difficult problems; among
the most important were the continued
rise in prices, the worsening in the Nation's balance-of-payments deficit, and
high interest rates. The price rise was
a continuation of the 1966 experience,
but reflected chiefly the pressure of
costs rather than of demand. Unit labor
costs showed a substantial increase, the
result of a large rise in wage rates that
exceeded the rise in productivity; the
advance in productivity was much less
CHART
Gross National Product
Billion $ (ratio scale)
850
800
700
600
-
500
I I l I I I I I II I I
450
1960
61
62
63
_L 1 1
64
65
66
67
Quarterly, Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
68-1-1
than average for the postwar period.
Part of this cost rise was absorbed by
profit margins, especially in the first
half, but most of it was passed on in
the form of higher prices. An offsetting
factor last year was the decline in farm
prices, which made possible a slight decrease in retail store food prices.
The balance-of-payments deficit in
1967 showed a marked increase as compared with 1965 and 1966. Concern over
the U.S. international payments position and its relation to the world monetary system mounted sharply in midNovember when the British pound was
devalued. The devaluation greatly increased foreign demand for gold, which
in turn led to heavy gold outflows from
this country late in the year. The deterioration in our balance of payments led
at the start of 1968 to a rnultifaceted
administration program involving mandatory controls over capital outflows
and a proposal to curb tourist expenditures.
Credit was much more freely available in 1967 than in 1966 as a result of
the expansionary policy followed by
the monetary authorities after the
credit stringency of 1966. In response
to the slowdown in activity around the
end of 1966, the Federal Reserve lost
little time in adopting a policy of
stimulation after the restrictive posture
of 1966. Heavy open market purchases
and reductions in both reserve requirements and the discount rate served to
bring about a large expansion in member bank reserves and a record expansion in commercial bank credit. However, a shift toward restraint became
evident late in the year when the discount rate was raised and reserve
requirements were increased.
l
SUEVEY OF CUKEENT BUSINESS
Although borrowers were much more
successful in obtaining funds last year
than the year before, long-term interest
rates rose almost without interruption
after early spring to levels that exceeded those reached during the height
of the credit restraint of 1966. The rise
in rates stemmed mainly from a record
volume of new security offerings, especially by corporations. This, in turn,
reflected a number of factors: Continuing large requirements, the desire by
corporations to bolster liquidity positions, which had deteriorated sharply
in 1965 and 1966, and expectations of
further increases in interest rates and
prices.
Wage and salary disbursements made
their largest quarterly gain of the
year—$9% billion—with increases widespread among industries. The rise in
government payrolls was unusually
large as a result of pay increases
granted to Federal military and civilian
personnel. Dividend payments registered their first quarterly decline of
1967 because yearend extras were
smaller than usual. With most other
types of income making small gains,
total personal income was up $11
CHART 2
During 1967 changes in GNP . . .
Billion $ Change
Fourth quarter GNP
The more rapid rate of expansion
that became evident in the summer
continued in the final quarter of the
year. According to preliminary estimates, GNP rose $16% billion to a
seasonally adjusted annual rate of
$807X billion. The 2-percent advance
in current dollars was divided about
equally between an increase in physical
volume and an increase in price, and
in broad outline resembled the change
in the quarter before.
A large part of the GNP advance—
almost one-third—was attributable to
an increase in the rate of inventory
accumulation, mainly by trade firms.
The inventory figures are quite tentative since they are based on incomplete
data. The increase in final sales—$11
billion—was the smallest quarterly
gain of the year. As in the third quarter,
the rise in final sales reflected modest
advances in personal consumption expenditures, nonresidential fixed investment, and Federal Government purchases, and further large increases in
residential construction outlays and
State and local purchases. The preliminary figures suggest that net exports declined as exports leveled off
and imports rose rather sharply.
reflected continuing gains in final sales,
and pronounced shifts in inventory investment
-5 -10 -15
1966
'
1967
Change From Previous Quarter
Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
January 1968
billion, slightly less than the third
quarter advance. Disposable income
rose $9% billion, a little more than in
the third quarter, but with consumption showing no acceleration, there was
a sizable increase in both the level and
the rate of personal saving.
Activity up in December
Because of the strike in the motor
vehicle industry, the quarter started
out with activity rather sluggish, but
ended up on a stronger note. The
economy was continuing to recover
from the slowdown earlier in the year,
and output was receiving an added
fillip as a result of the recovery from
the auto strike and the apparent start
of another round of steel stockpiling.
Most broad measures of activitypersonal income, nonfarm employment,
the unemployment rate, and industrial production—improved in December after seasonal adjustment.
Paced by a sharp rise in durable goods
manufacturing, industrial production
was up 1% percent after a 1.7-percent
rise in November. Except for machinery output, which was unchanged,
all durable goods industries rose over
the month, with steel and motor
vehicles accounting for better than
half of the increase in the total index.
Personal income in December showed
another unusually large rise—$5.7 billion at an annual rate—after a $6.5
billion increase the month before. In
December, the President signed into
law a pay raise for Federal workers
that was retroactive to October. Lumpsum disbursements of retroactive pay
and the new pay scale were mainly
responsible for a $4.7 billion increase
in government payrolls. Private payrolls advanced $2 billion in December,
reflecting principally an employment
increase of 200,000 workers in nonfarm
establishments. Aside from a sharp
$2 billion drop in dividends, most other
income changes in December were minor.
National Income and Product in 1967
THE
gross national product rose to
$785 billion in 1967, an increase of $42
billion, or 5% percent, over 1966.
Prices rose 3 percent in overall terms
so that the rise in the physical volume
of production was only 2.K percent,
the smallest annual increase since 1961.
Much of the slowdown in the GNP
increase was attributable to inventories,
which rose $13% billion in 1966 and
about $5 billion in 1967. The cutback
in inventory investment, a partial
correction of the excessive accumulation of 1966, was concentrated in the
first half of 1967. It was so severe that,
in spite of sizable advances in final
sales, total production grew very little
in that period—in real terms, only 1
percent at an annual rate from the
fourth quarter of 1966 to the second
quarter of 1967. However, in the
second half, the rate of inventory
accumulation was stepped up, and with
final sales continuing to increase, though
at a less rapid pace, real GNP advanced at a rate of better than 4
percent.
In the aggregate, the relative increase in final sales was almost as large
in 1967 as in 1966—7 percent as against
8 percent, measured in current dollars.
For the full year, by far the largest
percentage increases were shown by
Federal defense purchases and State
and local government outlays. Consumer spending rose about as much as
GNP while fixed investment increased
only slightly and net exports were not
much different from the year before.
Personal income made a better showing than GNP, rising more than 7
percent over 1966. This came about
for a variety of reasons—partly because government transfer payments,
notably for medicare, showed a very
large increase and partly because corporations increased their dividend payCHART 3
Percent Changes in Current Dollar GNP
Percent Change
-10
0
10
GNP, TOTAL
State and Local
Government
Purchases
U.S. Department of Commerce, Office of Business Economics
20
30
ments even though their profits fell.
Higher incomes brought personal
consumption expenditures to a new
peak with increases in all major categories—durable goods,
nondurable
goods, and services. However, the rise
in durable goods was quite small because of lagging sales of automobiles.
Auto sales were depressed early in the
year when economic activity was sluggish; they were held down in the second
half mainly by the 2-month strike that
started in early September at the Ford
Motor Co. In addition, consumers
saved relatively more of their income
last year than in any other year since
1958.
After several years of substantial
increases, business spending for structures and equipment showed little
growth in 1967. With many industries
operating well under preferred rates of
capacity utilization and with profits
lower than in 1966, spending for the
year rose only 3 percent. In terms of
physical volume, it appears that expenditures were about unchanged.
Homebuilding showed a considerable
recovery during 1967 following the
sharp cutback in 1966 caused by
tight money. As credit conditions improved after the autumn of 1966, residential construction expenditures rose
at an accelerating pace from the low
fourth quarter rates. Private nonfarm
housing starts rose from a seasonally
adjusted annual rate of 1.1 million
units in the first quarter to 1.2 million
in the second and 1.4 million in the
third; in October and November, the
rate of starts was approximately 1.5
million units.
SURVEY OF CUEEENT BUSINESS
Purchases of goods and services
by government —Federal, State, and
local—increased about 15 percent in
1967, providing the main stimulus to
the rise in economic activity. Because
of the expansion of the war in Vietnam,
purchases for national defense increased about one-fifth over 1966,
approximately matching the large
advance of the year before. The increase was extremely large in the first
half of 1967, but it diminished con-
siderably in the second half. Spending
by State and local governments continued to rise about in line with its
long-term growth.
Last year's rise in national income,
although sizable, was not as widely
distributed as in other recent years.
With employment higher and with
January 1968
rates of pay up considerably, total
employee compensation showed a 1%percent increase over 1966 after a
rise of 10% percent the year before.
However, the income of farm proprietors fell because of lower farm
prices, and corporate profits were reduced because of a cost squeeze.
Personal Income, Consumption, and Saving
CHART 4
Percent Changes in Real GNP
by Type of Product
• Real GNP grew 2^2 percent from 1966 to 1967,
well below the pace of recent years
© All types of output reflected the slowdown—
the change in durable goods was pronounced
Percent Change
TOTAL
NONDURABLE GOODS
SERVICES
1947-67
1963
Avg.
Change From Previous Year or Half Year
* Based on seasonally adjusted annual rates.
U.S. Department of Commerce, Office of Business Economics
PERSONAL income rose to $626 billion in 1967, registering a sizable increase of $42 billion, or 7.2 percent,
over 1966. Although the 1967 advance
in personal income fell short of the
8 ^-percent gain achieved in the previous year, it was much more pronounced than the 5.6 percent growth
in GNP. It may be noted that in the
previous 4 years the percentage gains
in personal income about matched the
increases in GNP. Personal income held
up better than GNP last year for two
main reasons: The first was the continued rise ($1.3 billion) in dividend
payments despite a $3 billion reduction
in before-tax profits in 1967. Second,
and even more importantly, there was
an unusual rise in transfer payments
in 1967 resulting mainly from the first
full year of medicare benefit payments.
Government transfer payments increased by a record $7.9 billion in 1967.
As compared with 1966, the slowdown in the growth of personal income
reflected a dampening of the increase
in wage and salary disbursements, from
$35^ billion in 1966 to $29 billion in
1967, due to a smaller employment
increase and a cut in hours in some
major industries. Larger supplies of
farm products led to lower farm prices
and resulted in a decline of $1.3 billion
in farm proprietors' income, after an
increase of $1.3 billion in 1966.
Personal tax liabilities to Federal and
State and local governments rose to
$81% billion in 1967, about $6% billion
more than in 1966. As a result of the
higher personal taxes, disposable personal income in 1967 increased less
than personal income—$36 billion, or
7.0 percent, to a total of $544% billion.
The 1966 rise was $36% billion, or
7.8 percent.
A large part of the 1967 increase in
spendable income was dissipated in
higher prices. Consumer prices (GNP
basis) rose 2.6 percent in 1967, about
the same as in 1966; indeed, in the
second half of the year, the increase
accelerated to an annual rate of over
3% percent. Allowing for the higher
prices, real disposable income in 1967
was 4.3 percent above 1966. On a per
capita bsbsis, the rise was 3.2 percent,
much less than the average annual increase of close to 5 percent in the preceding 3 years. Furthermore, following a
large gain in real spendable income per
capita in the first quarter of 1967, the
advance moderated to an average rise
of only 2 percent at an annual rate in
the final three quarters of the year.
Consumer outlays
Consumer spending was unusually
restrained in 1967. Personal consumption expenditures increased 5.5 percent
over 1966—much less than the rise in
disposable personal income. This was
in marked contrast to each of the
previous 2 years, when the percentage
increase in spending was about equal to
the income rise of 7.8 percent.
With expenditures rising irregularly
through the year, consumers spent a
total of $492 billion in 1967, $26 billion
more than they spent in 1966. The rise
in real personal consumption expenditures was a little less than 3 percent, as
compared with a 5-percent expansion
in 1966.
January 1968
SURVEY OF CUERENT BUSINESS
Auto purchases lag
The $2 billion increase in consumer
expenditures
for durable goods in 1967,
When consumer spending is viewed
to
a
total
of
$72
billion, was due mainly
by major categories, the 1967 pattern
to
higher
spending
for furniture and
of demand reveals some rather interhousehold
equipment.
These purchases
esting developments. The most striking
accounted
for
6K
percent
of total conwas the continued sluggish behavior of
sumer
expenditures
—
about
the same
spending on automobiles and parts,
percentage
as
in
1966
but
larger
than in
which showed no increase from 1965
to 1966 and declined by $% billion to any other year of the past decade.
Spending for nondurable goods in
a total of $29 billion from 1966 to
1967
increased 5 percent to a total of
1967. The failure of auto purchases to
$218
billion. These expenditures comrise from 1965 to 1966 probably reflects
prised
44.2 percent of total spending,
the fact that purchases in 1965 were
slightly
lower than in 1966.
unusually high; the upsurge in sales
Expenditures
for the large category
early that year after the strikes in the
of
food
and
beverages
amounted to $111
previous autumn was an important
billion,
3.7
percent
more
than in 1966;
factor affecting 1965 purchases. There
in
real
terms,
the
increase
was 2.6
is no single explanation for the decrease
percent.
The
ratio
of
these
expenditures
from 1966 to 1967. Sales were obviously
depressed early in the year by the to total spending dropped from 22.9
general slowdown in economic activity,
CHART 5
and may also have been adversely
7
affected by low inventories in dealers
Personal Consumption Expenditures
hands in the summer months. Although
and Saving Rate
the strikes held down sales from late
Billion $ (ratio scale)
summer through much of the fall, the
240
improvement in sales in December was
PERSONAL CONSUMPTION
EXPENDITURES (Annual rates)
not especially noteworthy.
Last year's decline in expenditures 200 —
Nondurable Goods
was attributable to a decrease in sales
of domestically produced cars. For 1967
\
as a whole, sales of such cars totaled 160 —
7.6 million units, 10 percent below
1966. Sales in the last quarter of 1966
were relatively good, at a seasonally 120 —
adjusted annual rate of 8.2 million
units. In the first quarter of 1967, sales
dipped to a rate of only 7.2 million.
They rose to a rate of 8.1 million in the
next quarter but fell back to 7.7 million
in the third and 7.3 million in the
fourth. Sales of imported cars in 1967
fared much better than domestic cars,
rising 17 percent over 1966 to a total
of 770,000 units.
Other divergent patterns
PERSONAL SAVING RATE
Consumer expenditures excluding
autos and parts held up much better
than autos last year. However, divergent trends are apparent among the
major categories. This is clearly indicated from the percent distribution of
personal consumption expenditures,
based on current dollars, given in the
text table.
/ I-
1960-66 Average
it
I I I I I I I I I I I I I I I I I I I I I I I I I I I I I Ji
I960
61
62
63
64
65
66
6^
Quarterly, Seasonally Adjusted
U.S. Department of Commerce, Office of Business Economics
68-1-5
Percentage Distribution of Personal
Consumption Expenditures
1963
Personal consumption
expenditures. Durable goods
Automobiles and
parts..
Furniture and
household
equipment
Other
Nondurable goods
Housing
Household
operation ... _
Transportation
Other
1965
1966
100.0 100.0 100.0 100.0
1967
100.0
14.4
14.8
15.2
15.1
14.7
6.5
6.4
6.9
6.4
6.0
5.9
2.0
6.2
2.1
6.2
2.1
6.4
2.3
6.5
2.2
44.5
44.1
44.5
44.2
23.2
22.8
22.9
22.5
8.3
3.5
9.5
8.3
3.5
9.5
8.6
3.5
9.5
8.7
3.6
9.5
40.6
40.7
40.6
40.4
41.1
14.8
14.8
14.7
14.4
14.5
6.2
3.0
16.6
6.0
2.9
17.0
5.9
2.9
17.1
5.8
2.9
17.3
5.7
3.0
17.9
45.0
Food and
beverages. _ __ 23. 5
Clothing and
shoes.__ 8.2
Gasoline and oil— 3.6
Other
9.7
Services
1964
percent in 1966 to 22.5 percent in 1967,
thus continuing its long-term downtrend. Expenditures for clothing and
shoes rose by 6 percent, and increased
from 8.6 percent of total expenditures
in 1966 to 8.7 percent in 1967. Prices
of clothing and shoes increased substantially and accounted for two-thirds
of the dollar value rise. Expenditures
for other nondurable goods moved up
at about the same rate as total expenditures.
Consumer outlays for services in
1967 rose 1% percent, or $14 billion, to
a total of $202 billion. They accounted
for a little over 41 percent of total
consumer spending—a somewhat higher
proportion than in 1966. A large part of
the increase reflected continued strong
price advances, and in real terms the
rise was 3.7 percent, a little less than
the year before.
Spending for housing and household
operation rose 5.8 percent in 1967, and
the ratio to total expenditures remained
about the same as in 1966—20.3
percent—following a decline from 1963
to 1966 when sales of new homes lagged.
In contrast, expenditures for other
services, including transportation, medical, recreation, personal business, and
education, rose 9 percent and increased
from 20.2 percent of all expenditures
in 1966 to 20.8 percent in 1967, in large
part reflecting sharply rising prices for
6
SURVEY OF CURRENT BUSINESS
many of these services, particularly
those for medical care and transportation.
Personal saving high
The obverse of a low consumer spending rate is, of course, a high saving rate.
In 1967, personal saving reached a record high of $39 billion, as compared
with $30 billion in 1966. As a result, the
saving rate (personal saving as a percent
of disposable personal income) moved
up from nearly 6 percent in 1966 to 7
percent in 1967; this high rate was maintained in both halves of the year (chart
5). During the postwar period, saving
rates of this order have for the most
part occurred only in recession years
and in the Korean war period. The
average annual rate during 1960-66 was
5% percent.
The high rate in 1967 appears to have
reflected mainly the lag in automobile
sales, but even after allowance is made
for autos, there remains some indication
that the saving rate was high.
Business Fixed Investment
BUSINESS purchases of durable equipment and structures, which had shown
unusual increases in 1965 and 1966,
constituted one of the few lagging sectors of the economy during 1967. Nonresidential fixed investment totaled
$82% billion or $2% billion more than
in 1966. The small 3-percent increase
contrasts with rises of 16 percent and 13
percent in 1965 and 1966 respectively
(chart 7).
Investment reached a high of $82.8
billion, at a seasonally adjusted annual
rate, in the fourth quarter of 1966. It
declined during the first half of last
year to $81.7 billion and recovered in
the second half to $83.3 billion.
Movements in outlays for structures
and for producers' durable equipment
were somewhat diverse. Expenditures
for construction posted a high in the
third quarter of 1966, fell through the
second quarter of 1967, and then
steadied in the final two quarters of
1967. Outlays for the year as a whole
totaled $26.8 billion, about 4 percent
below 1966; in real terms the decline
was almost twice as large. Declines
were reported for industrial construction and religious, hospital, and institutional building, but commercial construction rose.
Although investment in new equipment was hardly buoyant during 1967,
outlays did rise in each quarter except
the first. Expenditures for the full year
reached $55.7 billion or almost 7 per-
cent above 1966. However, when allowance is made for price increases, the
rise over the previous year was 4
percent.
Last year's business fixed investment was still high relative to GNP
(chart 8). In real terms, nonresidential
fixed investment was equal to 10.9 percent of GNP—higher than in any other
year in the fifties and sixties except
1966.
The slackening rate of business investment during 1967 reflected the
weakening of several influences that
had stimulated the demand for capital
goods in the previous few years. Total
GNP, in real terms, showed little
change during the first half of 1967; at
the same time, investment continued
at a rate sufficiently high to add appreciably to the Nation's productive
capacity so that capacity utilization
declined. As an example of the diminished pressure on capacity—the proportion of industrial facilities regarded as
inadequate by manufacturers to meet
their production requirements declined
in contrast to persistent increases in
previous years. Furthermore, reduced
profits not only affected the availability
of internal funds but also tended to
make the expected rate of return on
investment less attractive. In addition,
the credit stringency of 1966 had a
delayed impact on investment in 1967.
That the forces which had led to the
surge in investment in the 1964-66
January 1968
period had begun to subside by late
1966 is evident from the modest investment program outlined by businessmen
in their initial capital budgets for 1967.
In February businessmen reporting in
the OBE-SEC survey projected a 4percent increase for 1967. Each of the
successive quarterly surveys of businessmen's spending intentions indicated
actual expenditures below anticipations
and by December the increase for the
full year appeared to be about 1%
percent. Sales disappointments were no
doubt an important factor in last year's
shortfall from the early anticipations.
Sales increases in manufacturing and
trade averaged 2% percent in 1967 as
CHART 7
Nonresidential Fixed Investment
In current dollars, continued to rise in 1967 but at a
markedly slower p a c e . . .
Percent Change
20 ;
as a decline in outlays for structuresthe first since 1 9 5 8 . . .
partially offset a rise in equipment outlays
1963
1964
1965
1966
1967
Change From Previous Year
U.S. Department of Commerce, Office of Business Economic^
68-1-7
SURVEY OF CURRENT BUSINESS
January 1968
compared with expectations in February of 7l/2 and 6 percent, respectively.
Industry patterns
Within the framework of small increases in investment for the economy
as a whole, industry patterns were very
mixed. Public utilities and nonrail
transportation companies posted investment increases of 14 and 13 percent,
respectively. These advances, though
substantial, compared with gains of
one-fifth in the preceding year. Communications firms also spent more in
1967 than in 1966. However, mining,
railroad, and commercial companies
reduced their investment in 1967 below
a year earlier.
Manufacturers maintained
their
spending for new plant and equipment
in 1967 at about the 1966 record rate.
This leveling off followed 3 years of
rapid expansion, amounting to about
20 percent per year.
For the durable goods group as a
whole, capital outlays declined almost
2 percent from 1966 to 1967. Sharp reductions were reported by the motor
vehicle and the stone, clay, and glass
industries, but both primary metal and
machinery producers set new records in
1967.
CHART 8
The Share of Capital Goods in Total Output
Edged Down but Remained High in 1967
13
BUSINESS FIXED INVESTMENT
AS PERCENT OF GNP
. (Based.on.l958$).. X
/
10
1947
50
55
60
65
U.S. Department of Commerce, Office of Business Economics
Capital outlays by nondurable goods
producers were up fractionally over the
1966 record. Paper and rubber companies expanded their spending substantially, and the food-beverage and
petroleum industries also showed some
rise. Spending by chemical companies
was slightly under 1966 while textile
producers cut back their expenditures
very sharply.
Residential Construction
AFTER its serious setback in 1966,
residential construction recovered impressively during 1967 and made an
important contribution to the rise in
overall demand. The major factors
responsible for last year's rebound in
housing activity were the shift to
generally easier credit conditions and
the substantially enlarged flows of funds
to mortgage markets.
The response of housing to the improved financial situation emerged
against a background of a large potential demand for housing—an inheritance
of the very low level of starts in 1966.
In that year, as the rate of housing
starts fell far below the requirements
for new household formation and replacement needs, vacancy rates for
both homeowner and rental housing
declined. Vacancy rates decreased further in 1967, and for rental housing,
they were at their lowest point since
1965.
The 1967 recovery in homebuilding
activity began slowly but gathered
momentum as the year progressed.
From the fourth quarter of 1966 to
the first quarter of 1967, private nonfarm residential investment showed
little change from its low of $20.4
billion (seasonally adjusted annual
rate), but it rose sharply thereafter,
reaching a rate of $27% billion in the
fourth quarter (chart 9). Total expenditures for the full year 1967, however,
were little different from 1966 because
the recovery started from such a low
Measured in constant dollars, residential outlays in 1967 failed to match
the 1966 total/Residential construction
costs, which had shown a sizable advance in 1966, rose even more in 1967
mainly because of sharp increases in
wage rates.
The upturn in expenditures during
1967 reflected a steady rise in housing
starts. Private nonfarm starts had
fallen to a low of 0.9 million units in
the fourth quarter of 1966, but in October and November of 1967, they were
running at a rate of 1.5 million. The
total for 1967 came to 1.3 million units,
as compared with 1.14 million for 1966
and 1.45 million for 1965.
Although the 1967 recovery in residential construction carried to all classes
of dwelling units, it was particularly
pronounced for apartment houses.
Starts on new apartment buildings
increased about 20 percent from 1966
to 1967 while starts on single family
units recorded a more modest gain of
about 10 percent. This shift toward
apartment units, which are much lower
in price than single family dwellings,
had a dampening effect on the recovery
in residential outlays.
Mortgage financing
Last year, savings institutions and
other mortgage lenders benefited from
unusually large inflows of funds. Although these institutions devoted most
of their efforts to rebuilding depleted
liquidity positions early in the year,
their lending activities picked up in the
spring and accelerated in the summer.
On the basis of incomplete data, the
rise in mortgage lending in the fourth
quarter surpassed the advance in the
summer. For the year as a whole, the
increase in total nonfarm mortgage
debt appears to have exceeded $20
billion, as compared with $18.6 billion
in 1966 and $23.9 billion in 1965.
In addition to last year's improved
financial positions for lenders, mortgage
SUKVEY OF CUREENT BUSINESS
8
markets received substantial support
from the Federal National Mortgage
Association (FNMA), especially in the
second half of the year. Total mortgage
holdings of FNMA, which had increased
$2.3 billion during the 1966 squeeze,
rose less than $% billion during the
first half of 1967. However, as pressures mounted rapidly in financial
markets, and as mortgage investors sought more portfolio flexibility,
FNMA's secondary market purchases
accelerated sharply, and after midyear,
total mortgage holdings increased approximately $1.3 billion.
During the severe credit stringency
of 1966, home financing costs rose to
levels not seen in several decades.
From November 1965 to the peak
reached a year later, yields on FHA
new home mortgages rose from 5.5 to
6.8 percent. As credit conditions eased
in late 1966 and early 1967, yields
turned lower and by April had declined
by nearly one-half of 1 percent. However, yields on other long-term instruments had begun to rise somewhat
earlier, and with a short lag, mortgage
market yields followed suit. By De-
CHART
Private Residential Structures, Nonfarm
Expenditures and starts made a pronounced
recovery during 1967
Billion $
35
EXPENDITURES
Current Dollars
25
Constant 1958 Dollars'
i
i
i
I
1965
i
i . i
1966
1967
Million Units
2.0
HOUSING STARTS
1.5
1.0
j_
i
1965
I
1966
\
1967
Quarterly, Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
9
January 1968
cember, the yield on FHA new home impact. First, during 1967 substantial
mortgages had returned to the peak progress was made by financial instilevel of late 1966.
tutions and by the Federal Home Loan
Bank
System toward rebuilding liquidIn the latter part of 1967, mortgage
ity.
Currently,
these institutions are
markets were faced with growing unin
a
much
more
favorable position for
certainty over the availability of mortaccommodating
potential
deposit withgage funds. With the strong advance
drawals.
Second,
savings
and
loan assoin interest rates, it became increasingly
ciations
acquired
added
flexibility
in
more attractive for investors"to shift
1967
with
their
new
authority
to
issue
assets from share accounts and time and
savings type deposits to higher yielding savings certificates. With these certifimarket securities. This shift of funds cates, savings and loan associations can
away from financial intermediaries— offer higher rates than those paid on
which are major mortgage lenders— passbook deposits and can compete for
was a primary factor in the drying up interest-sensitive money without reof mortgage funds in 1966. As of late sorting to the expensive, across-the1967, there was only spotty evidence board increase in rates on all deposit
to suggest that this type of shift was liabilities. Third, legislation now regulates the maximum interest payable by
in fact recurring.
commercial banks and thrift instituAlthough the present situation con- tions on time and savings deposits.
fronting financial intermediaries is in This has the effect of restraining the
many respects similar to that of late competition for deposits among these
1965 and early 1966, there are several financial intermediaries; such competinotable differences that could limit a tion was troublesome for thrift instipotential deposit drain and cushion its tutions in 1966.
Inventory Investment
THE year 1967 was characterized by billion in 1967 in contrast to a rise of
wide shifts in inventory investment as $7 billion the year before. Nondurable
business attempted to correct the ex- goods manufacturers added $1 billion
cessive inventory accumulation that to their stocks last year after a $2
developed after the opening quarter of billion rise in 1966.
Although additions to inventories
1966. For the full year 1967, business
investment in inventories totaled about were made during each quarter of 1967,
$5 billion, considerably below the the investment rate fell sharply in the
record $13.4 billion in 1966. This first half—from a seasonally adjusted
reduction in investment, which was annual rate of $18% billion in the final
attributable about equally to manu- quarter of 1966 to only $% billion in
facturing and to trade firms, accounted the second quarter of 1967 (chart 10).
for the greater part of the slowdown This period witnessed significant cutin output growth in 1967. Farm inven- backs in rates of accumulation by
tories, which fell $0.3 billion in 1966, durable goods manufacturers and substantial liquidations by durable goods
rose $0.4 billion in 1967.
Nonfarm inventory investment retailers and wholesalers. However, the
totaled about $4.7 billion in 1967— rate rose to almost $4 billion in the
almost all of it occurring in manu- third quarter and to $9 billion in the
facturing. Trade firms liquidated nearly fourth. Inventory accumulation was
$% billion of stocks as compared with widespread in the latter period.
The following table, which compares
an accumulation of $4 billion in 1966.
Durable goods manufacturers in- the quarterly changes in inventory increased their stocks by about $3% vestment, final sales, and GNP in 1967,
SURVEY OF CUEEENT BUSINESS
January 1968
clearly shows the adverse impact of
inventory investment on GNP in the
first half and its stimulating effect in
the second. (These data are also shown
in chart 2.)
Change in billions of dollars*
Inventory
investment
___._
II
III
IV (preliminary)
GNP
7.1
6.2
13.3
-11.4
-6.6
3.3
5.2
15.6
15.4
12.8
11.3
4.2
8.8
16.1
16.4
1966—I V _ _
1967—1_
Final
sales
*Seasonally adjusted at annual rates.
The ratio of nonfarm stocks to GNP
in 1958 dollars (chart 11) rose from
0.222 in the fourth quarter of 1966 to
0.226 during the first quarter of 1967,
the highest ratio since early 1961.
Additions to inventories almost matched
the rise in GNP during the remainder
of the year, and in the closing months
of 1967, the ratio was 0.224.
When viewed in terms of the stockoutput ratio, the inventory correction
does not seem to have fully run its
course. However, businessmen may not
be too concerned with the present level
of inventories, given their reported
optimism regarding near-term sales
prospects, expectations of higher prices,
and uncertainties related to Vietnam,
CHART 10
INVENTORY INVESTMENT plummeted in the
first half of 1967, but rose in the second
Billion
10 -
5 -
1965
1966
1967
Quarterly, Seasonally Adjusted at Annual Rates
U.S. Department of Commerce, Office of Business Economics
285-347 O - 68 - 2
1968 wage negotiations, and
factors.
other
Manufacturing inventories up
An examination of inventory movements in terms of book values, where
more industry detail is available, indicates that manufacturing and trade
firms increased their inventories by $5
billion in 1967; about $1 billion of this
rise was attributable to higher inventory costs. The record book value increase
of $15 billion in 1966 also reflected
higher costs but to a proportionately
smaller extent.
Increases in stocks were pervasive
among the manufacturing industries,
and in the aggregate they accounted for
almost all of the 1967 rise in business
inventories. Wholesalers' stocks edged
up slightly, and retailers' stocks were
off fractionally, in contrast to widespread advances for all sectors in 1966.
Manufacturers of durable goods
added about $4 billion to their stocks in
1967, after an increase of nearly $8
billion in 1966. Nearly one-half of the
1967 gain was reported by defense
goods producers and another one-fifth
by machinery and equipment producers.
While defense goods inventories rose
appreciably throughout 1967, the rate
of rise fell off during the year. Stocks of
motor vehicle and parts producers rose
appreciably in the second half—more
than offsetting the liquidation in the
first half.
Nondurable goods manufacturers
added about $900 million to their
stocks in 1967, with only minor increases during the latter part of the
year. These companies had steadily increased inventories throughout 1966,
adding $2.2 billion for the year as a
whole. Chemical companies accounted
for about one-half of the 1967 rise as
compared with one-third of the previous
year's accumulation.
Manufacturers continued to expand
their work-in-process inventories in
1967. The increase in these stocks,
though smaller than that in 1966, accounted for a larger share of the total
inventory change since manufacturers
maintained a relatively tight rein on
their purchases of materials and were
also able to cut back on increases in
-finished goods.
9
As the year ended, stocks were 2.3
times sales for the durable goods manufacturing industries. This ratio was up
10 percent from the end of 1966 and,
except for a few months in 1967, the
highest since early 1958. Increases
were general among the major durable
goods industries. In contrast, the ratio
of stocks of nondurable goods to sales
showed little change through most of
1967 but in the closing months of the
year fell to its lowest point of the
postwar period.
Trade inventories
Eetailers cut their inventories by
about $250 million in 1967, as compared
with an accumulation of $2.4 billion in
1966. Stocks at the end of the year
were equal to 1.4 months of sales, down
from 1.5 at the end of 1966 and about
the same as the average ratios in
1964 and 1965.
Stocks of durable goods retailers fell
about $750 million during the year
while those of nondurable goods
dealers rose $500 million. The changes
in durable goods retail inventories over
the year were influenced chiefly
by movements in automobile stocks.
Car dealers, faced with sluggish demand, particularly in the opening
quarter of 1967, cut their stocks by
about $1 billion in 1967; virtually all
of this liquidation occurred in the first
half. Changes reported by the other
CHART 11
Ratio of Real Nonfarm Stocks to GNP
Percent
24.0
23.0
22.0
21.0
I 'i i i [ i i i r i i i I i i i I i l l I t I i
1960
,
61
62
63
64
65
Note.—Based on seasonally adjusted constant dollar data.
Stocks, average for quarter. GNP at annual rate.
U.S. Department of Commerce, Office of Business Economics
66
67
SURVEY OF CUREENT BUSINESS
10
durable goods retail groups were small
and largely offsetting. General merchandise stores accounted for more
than one-half of the rise in nondurable
goods stocks.
Merchant wholesalers added about
$500 million to stocks during 1967; this
compares with almost $2.5 billion in
1966. Moderate increases were reported
in 1967 by all major kinds of business
except dry goods, apparel, and construction materials. At the end of the
year, merchant wholesalers' stocks were
equal to 1.20 months of sales, down
slightly from 1.22 at the end of 1966
but higher than in other recent periods.
Government Expenditures and Receipts
FEDERAL and State and local government purchases of goods and services
increased $22 billion from 1966 to 1967,
accounting for more than half of the
rise in GNP for the year. Defense spending was the most important factor in
this advance, but all other purchases
(including those of State and local governments) also expanded rapidly, exceeding the gains in 1966. The following
table summarizes the yearly increases
in government purchases of goods and
services during the 1960's and shows
their proportion of the GNP rise.
Other government expenditures, such
as transfer payments, grants-in-aid, and
interest, also increased sharply in 1967.
Total expenditures at all levels of government advanced $30 billion, exceeding the increase in receipts by $16 billion. The 1966-67 rise in receipts was
well below the $24K billion advance registered a year earlier, mainly because of
slower growth in the economy but also
because changes in Federal tax legislation, which hac! an important effect on
1966 receipts, were largely absent in
1967.
Shift to deficit
With expenditures increasing faster
than receipts, both Federal and State
and local governments exhibited marked
shifts from their fiscal positions in the
previous year. The swing was most pronounced in the Federal sector, which
shifted from a slight surplus in 1966 to
a deficit of $12% billion last year. In
dollar terms, this was the largest deficit
recorded on a national income accounts
basis since World War II and, as a percentage of GNP, the largest since the
recession year of 1958. In terms of
quarterly patterns, the shift was from
a surplus in mid-1966 to a mounting
deficit, which reached a peak in the
second quarter of 1967 and eased
somewhat in the second half of the year.
In the first half of 1967, the shift
from surplus to deficit provided a fiscal
stimulus that helped to moderate the
slowdown in overall economic activity.
Among the major factors contributing
to the widening deficit in the first half
of last year were the rapid expansion
of defense purchases, the acceleration of
medicare payments after a slow start
Changes in Government Purchases, Relative to Total GNP Changes, 1961-67
Percent of GNP change
Current dollar changes (billions)
Year
GNP
Total
gov't
Defense
All other
(State-local
and Federal)
Total
gov't
Defense
All other
1961
1962
1963
16.4
40.2
30. 2
8.0
9.5
5.4
2.9
3.8
-.8
5.1
5.7
6.2
49
24
18
18
10
-3
31
14
21
1964..
1965
1966
41.9
51.5
59.4
6.2
7.7
17.9
-.8
.1
10.4
7.0
7.6
7.5
15
15
30
-2
18
17
15
13
1967...
41.8
22.1
12.1
10. 0
53
29
24
January 1968
in 1966, the sharp decline in corporate
profits, the less rapid growth in personal
income and unusually large income tax
refunds.
Surge in defense purchases
Higher outlays for national defense,
medicare, and other transfer payments
accounted for the bulk of the $21 billion
rise in Federal expenditures—the largest annual increase in spending since
World War II (chart 12).
National defense purchases advanced
from $60% billion in 1966 to $72% billion last year. The increase of $12
billion compares with a $10 billion rise
a year earlier. However, much of the
expansion occurred early in 1967; only
modest increases were recorded in later
quarters.
A sizable shift in the composition of
purchases was reflected in the 1967
increase. Deliveries of goods (durables
and nondurables) accounted for a much
larger proportion of the rise than in
1966. Militaiy and civilian payrolls also
continued to advance, but at a somewhat slower pace. The strength of the
Armed Forces averaged about 3.4 million persons as compared with 3.2 million in 1966 and 2.7 million in 1965.
The advance in Department of Defense
civilian personnel also slackened. However, the military and civilian pay
raise, effective in October, added about
$% billion to total 1967 defense purchases.
Procurement costs climbed rapidly
from 1966 to 1967. The increase in deliveries in 1967 for ordnance and aircraft was especially pronounced. New
and more expensive types of ammunition played an increasing role in Vietnam. The growth in purchases of helicopters and tactical fixed wing aircraft
continued, both for replacement and
to augment existing air strength. In
addition, operation and maintenance
expenditures exceeded earlier estimates,
largely as a result of deployment costs
of the increasing number of troops in
Vietnam. In contrast, expenditures for
guided missiles and ships showed little
change and military construction was
down.
January 1968
SURVEY OF CURRENT BUSINESS
Federal nondefense purchases, which
had dipped in 1966—reflecting a large
reduction in CCC agricultural inventories—increased nearly $1 billion last
year. This was the result of large, partially offsetting changes in NASA and
CCC program outlays. Space expenditures fell for the first time since the
program got underway, dropping about
$1 billion below their 1966 level. This
decline was more than offset by a more
moderate liquidation of CCC inventories than in 1966.
of the previous year. Transfer pay- vanced levels, were not a major source
ments to persons were by far the of higher spending for grants-in-aid in
strongest element in this advance, 1967.
accounting for nearly $7 billion of the
Public assistance grants climbed raptotal increase. Medicare transfers, idly, particularly for aid to dependent
which began in mid-1966 and which children and medicaid. However, highadded $1 billion to transfers in that way aid, one of the largest grant-in-aid
year, mounted sharply to $4% billion programs, declined slightly as a result
in 1967 and represented half of the of anti-inflationary measures taken
increase in total transfer payments.
late in 1966.
These payments resulted in the
largest absolute and relative increase Advance in receipts slows
in Government expenditures for health
Federal receipts in 1967 advanced
and medical care since World War" II,
$8%
billion, well below the record $18%
when expenditures almost doubled in
billion
rise of the previous year. Several
a year as a result of medical requirefactors
contributed to this sharp conments of the military services.
trast.
First,
tax changes, which had a
Over 17% million persons are curmajor
influence
on receipts in 1966,
rently enrolled in the medicare prohad
only
a
small
effect
on 1,967 receipts.
gram, and about 6 milliou utilized
covered services last year. Per capita
benefit payments amounted to about
$135 under the hospital insurance
Annual Changes in Federal Government
program (part A) and about $40 under
Receipts
the supplementary medical insurance
PERSONAL TAX AND NONTAX RECEIPTS show
program (part B) in the year ending
moderate increase
June 30, 1967. The bulk of the pay- Billion $
ments under part A were for inpatient
hospital care, while, under part B,
reimbursements for physicians7 services represented the major outlay.
On January 1, 1967, the medicare
program was expanded to include extended care facilities such as nursing
homes. Admissions to these facilities
in the first 6 months amounted to
CORPORATE PROFITS TAX ACCRUALS fall for first time
almost 200,000 persons.
since 1960
4
The rise in transfers also reflected
continued growth in OASDI benefits—
largely because of the increasing number of eligible beneficiaries—and
sharply higher military and veterans' -4 mm
SOCIAL INSURANCE CONTRIBUTIONS bolstered by rate changes
benefits—due mainly to increasing education and other benefits for returning
Vietnam veterans. Slated this March
are a 13-percent across-the-board increase in social security retirement
benefits, higher minimum payments,
and other program changes that will 0
further augment personal transfers.
INDIRECT BUSINESS TAX AND NONTAX ACCRUALS resume
Grants-in-aid to State and local 4 upward trend
governments rose about $1 billion.
mm
m
This represented a much smaller advance than the unusually large increase of a year ago, which was mainly
the result of the introduction of new
1963
1964
1965
1966
programs of aid to education. These
Change From Previous Year
programs, while maintained at ad- U.S. Department of Commerce, Office of Business Economics
Medicare transfers mount sharply
Other categories of Federal expenditures—transfers, grants, interest, and
subsidies—advanced about $8% billion,
only slightly less than the record rise
CHART 12
Annual Changes in federal Government
Expenditures
NATIONAL DEFENSE PURCHASES spurred by Vietnam spending
_4
NONDEFENSE PURCHASES reverse 1966 decline
TRANSFER PAYMENTS register large advance due to medicare
OTHER EXPENDITURES* rise less than previous year
1963
1964
1965
1966
1967
Change From Previous Year
^Includes grants-in-aid, net interest, and subsidies less current surplus.
U.S. Department of Commerce, Office of Business Economics
68-1-12
11
12
The large increase in the social security
tax base together with the change in
rates accounted for about one-third of
the 1965-66 change in total receipts.
Social security rates were raised again
in 1967, but the revenue gain was much
less. Second, the 1967 decline in corporate profits led to a substantial decline in tax accruals (which rose $3
billion in 1966). Third, the introduction
of graduated withholding of income
taxes in May 1966 shifted, to calendar
1966, payments that otherwise would
have been made in the spring of 1967.
Fourth, the 1966-67 increase in personal
income was more moderate than in the
previous year.
The largest category of NIA receipts—personal tax and nontax payments—rose $5 billion to $66% billion
(chart 13). The entire increase came
from withheld income taxes. Nonwithheld payments (less refunds) fell $1%
billion mainly because the introduction
of graduated withholding caused a
greater proportion of 1966 liabilities to
be paid in calendar 1966 and thus reduced net settlements in 1967. In addition, the capital gains component of
net settlements was well below the
previous year.
Contributions rise sharply again
Contributions for social insurance
advanced by $4% billion. Although
substantially below the large 1966 increase, it was still well above the
increases of previous years. Most of the
1967 rise came in OASDHI contributions, where the payroll tax rates were
raised from 8.4 to 8.8 percent on January 1, 1967. Higher rates were also
imposed on self-employed persons, who,
in addition to paying their 1966 liabilities, began making quarterly payments
on their current year liabilities for the
first time; thus, payments that otherwise would have been made in 1968
were added to 1967. Also contributing
to the 1967 increase was the first fullyear effect of the voluntary $3 per
month contributions to the supplementary medical insurance (SMI) trust
fund; these payments began in July
1966.
Two significant changes affecting
social insurance contributions are scheduled to take effect early this year. In
SUEVEY OF CUKKENT BUSINESS
January 1968
January, the maximum, earnings subject
to the OASDHI tax will be increased
from $6,600 to $7,800; in April, the
voluntary SMI monthly payments will
advance to $4.
Corporate tax accruals dropped about
$1% billion, reflecting a decline of over
$3K billion in profits before taxes.
Indirect business taxes, with a rise of
about $% billion, resumed the upward
trend that had been temporarily interrupted in 1966 by reductions in tax
rates. Telephone, alcohol, and gasoline
excise taxes led the advance. Auto and
truck tax liabilities were off somewhat,
reflecting the decline in production
during the year.
In other functional areas, such as
health, welfare, police, and fire protection, employment and average pay
each rose about 5 percent.
Constructioir outlays showed a somewhat greater increase than in 1966 even
after allowance for higher costs. School
construction increased at about the
same rate as in the previous year while
highway and street programs progressed
at a somewhat slower pace. State and
local hospital construction, which had
experienced a decline in 1966, increased
substantially, partly in response to the
demand created by the new medicare
and medicaid programs. Another significant development was the large increase in public construction for such
State and local purchases up
facilities as airfields and electric power.
Purchases of goods and services by
The aggregate of other goods and
State and local governments rose $9 services also increased in line with
billion in 1967 to a total of almost recent trends.
$86% billion. The 12-percent increase
was slightly larger than the rise in the Receipts lag expenditures
previous year.
Last year's advance in State and
Higher payrolls accounted for about local government receipts, like that of
60 percent of the total advance. Em- the Federal Government, was below
ployment in the State and local sector the strong advance of 1966 and failed
showed a record gain, increasing by to match rapidly mounting expendiover 500,000. As the accompanying tures. As a consequence, there was a
table indicates, State and local per- swing from a surplus of over $3 billion
sonnel has more than doubled since in 1966 to an approximate balance last
year.
1950.
The 1966-67 increase in receipts
State and. Local Employment
[Full-time equivalent basis]
Total
School
Nonschool
(Millions)
1950
1955
1960
1965
1966.
1967
. .
___
.
s-?.r
3.5
1.5.
1.9
1.9
2.2
5.2
6.4
2.5
3.3
2.7
3.1
6.9
7.4
3.6
4.0
3.3
3.4
The increase in educational staff in
1967 was larger than in the previous
year and accounted for over twothirds of the total increase in State and
local employment. In many school
districts, particularly in metropolitan
areas, this advance was related to
intensive efforts to lower the pupilteacher ratio and improve the quality
of education. In addition, average pay
advanced by nearly 4 percent.
amounted to about $7 billion as compared with $9% billion in the previous
year. This change was due in large
measure to the smaller increase in
Federal grants, which rose about 7
percent, as compared with the exceptional 32 percent rise in 1966. Although
State and local revenues from their
own sources increased by about the
same amount, $6 billion, in both 1966
and 1967, a greater proportion of last
year's rise appears to have been the
result of rate increases in existing taxes
and the imposition of new levies.
Twenty-four States enacted significant tax changes. Minnesota and
Nebraska adopted general sales taxes,
bringing to 44 the number of States
that now impose this type of tax.
Nine States increased their rate and/or
base of existing sales taxes. Ten States
boosted cigarette tax rates, and nine
increased rates on motor fuel.
SURVEY OF CURRENT BUSINESS
January 1968
Income taxes also drew legislative
attention. Three States adopted and
six States increased corporate income
taxes, while two States adopted and
four States increased personal income
taxes.
General property taxes/the mainstay
of local government revenues, showed
one of the largest increases in recent
years. Because these taxes have been
subject to mounting criticism, local
governments have been actively seeking
new sources of revenue. Last year,
cities and localities in four States were
permitted to add sales taxes to existing
State levies. This increased the number
of States permitting local sales taxes
from 12 to 16.
GNP by Type of Product
LAST year's reduced rate of economic
expansion was reflected in slower growth
in all major types of output. The slowdown was most marked in durable goods,
which increased only 3 percent in current dollars last year, after an 11 percent gain the year before. Slower rates
of increase were also evident last year
in nondurable goods, structures, and
services. Much of the tapering in the
rate of increase in goods production
stemmed from the sharp drop in inventory accumulation; however, final
purchases of both durable and nondurable goods also rose less in 1967
than in 1966.
The physical volume of production of
durable goods last year was about the
same as in 1966 mainly because durables
bore the brunt of the severe inventory
adjustment. Final sales of durable goods
to all markets—consumers, business,
government, and foreigners*—increased
about 5% percent, but this was offset by
lower inventory investment in the durable sector, about $2 billion in constant
(1958) dollars as compared with $9 billion in 1966. Virtually all of the gain in
final sales of hard goods was attributable to government purchases, which
rose around 25 percent after a very small
gain in 1965.
The volume of production of nondurable goods rose 4 percent in 1967,
not much below the 5-percent gain in
1966. However, inventory investment
in nondurables declined much less than
in durables; it amounted to $3 billion
in 1966 and fell to $2 billion last year.
As was the case with durables, purchases by government increased markedly while consumer spending—by far
the largest part of nondurables—showed
a smaller gain than in 1966.
The output of services last year rose
4% percent, less than the 5% percent
gain of 1966. Consumer purchases of
services were up 4 percent, about the
same as in 1966, but government purchases of services, although up 7 percent
in 1967, rose less than in 1966 when the
heavy buildup in the military forces
was underway.
The physical volume of construction
declined about 2 percent last year. A
small rise in government construction
was more than offset by the depressed
activity in residential building; private
nonresidential construction was also
down a little because of the softening in
investment.
13
CHART 1-4
National Income
In contrast to previous years, corporate
and proprietors' incomes declined
Percent Change
0
5
10
15
NATIONAL INCOME
TOTAL
Compensation of
Employees
Corporate
Profits and IVA
Proprietors'
Income
Other Income
Includes rental income of persons and net interest.
U.S. Department of Commerce, Office of Business Economics
68-1-14
1966; nondurable manufacturing gained
4 percent as compared with 10 percent;
communications, mining, and construction also recorded smaller gains than in
1966. Transportation, utilities, and
services were up almost as much as the
year before, and finance, insurance, and
real estate reported a slightly larger
rise than in 1966.
Employee compensation up
Employee compensation increased by
$34 billion in 1967 as compared with
a record gain of $42 billion the year
before. About $20 billion of the 1967
rise was in private wages and salaries;
government payrolls were up more than
NATIONAL income last year amount- marked slowing in durable goods, noted $8 billion, about the same as in 1966,
ed to $650 billion, a gain of 5% percent. above, resulted in a negligible gain in and supplements to wages and salaries
The increase in 1967 was considerably income originating in durable goods (which consist of employer payments
below the rise of almost 10 percent in manufacturing, which had risen 13 per- for social insurance and private pension
1966 and was reflected in smaller gains cent the year before. A number of and health programs) increased $4%
for most industry groups (chart 14).
industries had moderate gains that were billion after a $6% rise in 1966.
Income originating in agriculture less than in 1966. For example, income
About three-fourths of the $20 billion
recorded a decline of $1 billion in 1967 originating in trade was up 6 percent as rise in wages and salaries of the private
as prices for farm products fell. The compared with a rise of 8 percent in sector was due to higher average hourly
National Income
14
SUKVEY OF CUKEENT BUSINESS
earnings. The relative contribution of
total man-hours was small because a
decline in average weekly hours of
work per employee partly offset the
rise in employment. From 1965 to 1966,
man-hours accounted for about half of
the increase in private payrolls as
CHART 15
Manufacturing Payrolls
In 1967, PAYROLLS of production workers
increased only 2 percent
Percent Change
12
GROSS AVERAGE HOURLY EARNINGS
rose at about the same pace as in 1966
but both EMPLOYMENT and ,
employment rose sharply and weekly
hours were little changed.
Total payrolls in manufacturing rose
5 percent last year, and for production
workers only, the rise was 2 percent
(chart 15). For manufacturing production workers, all of the payroll gain
was due to the increase in average
hourly earnings. Although gross hourly
pay showed about the same large increase as in 1966, straight time earnings
(which exclude overtime at premium
pay) increased a full percentage point
more than the year before. It was the
largest rise in straight time earnings in
about a decade.
As was noted earlier, the gain in
government payrolls last year was
about the same as in 1966; however,
in that year, wages and salaries paid
by both Federal and State and local
governments rose about the same
amount—$4% billion. In 1967, the
Federal increase was about $3% billion
while State and local governments
added $5 billion to their payrolls. The
slower rise for the Federal Government was due to a somewhat smaller
gain in employment as compared with
1966, when the Armed Forces were
increased substantially.
Corporate profits down
AVERAGE WEEKLY HOURS were lower
1947-67
1963
1964
Avg.
1965
1967
Change From Previous Year
U.S. Department of. Commerce/ Off ice of Business Economics
1966
68-1-15
After several years of sizable gains,
corporate profits (before taxes and including IVA) declined 4 percent, from
$82 billion to $79 billion. The decrease,
was over by the first quarter of .196.7];
profits leveled off in the w spring and
showed modest increases in the ^ third
and fourth quarters. Manufacturing,
particularly durable goods, accounted
for the bulk of the reduction in earnings. Most other broad industry grpups;
experienced either little change or small,
increases."
January 1968
Book profits (excluding IVA) decline
$3.7 billion to a total of $80 billion;
tax liabilities absorbed about $1^
billion of this decline and after-tax
profits about $2 billion. Despite the
reduction in aftertax earnings, corporations stepped up their dividend payments by $1% billion—somewhat less
than in recent years—so that undistributed profits fell approximately $3%
billion (chart 16).
CHART 16
CORPORATE PROFITS declined in 1967 . . .
Billion $
.
.
TOO
40 -
20 -
however, corporations continued to
expand DIVIDEND payments. . .
40
20 -
so that-UNDISTRIBUTED PROFITS declined/,
more than total after iw profits : ~
40
,20
1963
64
.* Excluding IVA
65
66> -r67 '
1966 .
1st _J2d
-
'- 1967
1 st •*
2d
Half Years
Seasonally Adjusted
at'Annual Rates ,
__ yA'Departmenf of Commerce, Office of'Business Economics ''
January 1968
15
SUKVEY OF CURRENT BUSINESS
Corporate Output, Prices, Costs, and Profits
margins per unit declined 6% percent
last year, after a 2-percent gain in 1966.
The decline in unit profits followed 5
consecutive years of increases that
brought the 1966 margin almost to a
postwar peak, close to the 1951 high.
THE corporate sector provides a useful in unit labor costs resulted from a
CHART
focus for an examination of income flows step-up in the growth of hourly pay
in relation to real output, not only be- and a deceleration in the growth of
Prices, Costs, and Profits Per Unit
cause it accounts for a large share of labor productivity. The small gain in
of Real Corporate Product
total income and output but also be- productivity was due mainly to the
Price per unit of real product rose more
last year than in 1966 . . .
cause—unlike the noncorporate sector- lower utilization of plant capacity durit provides clear-cut distinctions be- ing the year but it also reflected the
tween employee compensation and prof- desire of corporations to maintain their Dollars
its. Labor costs per unit of output are work forces because they viewed the 1.15"-?'/:-;vi'.:-'^;
obtained by dividing aggregate com- slowdown in the first half as temporary.
pensation of employees of corporations
The 1967 experience continued that 1.10 ^
by real corporate output. Other factor of 1966, when a significant rise in unit
and nonfactor costs of production per labor costs broke a long 5-year period
unit of output are similarly calculated; of comparative stability. During the
their sum equals total price per unit of 5 years prior to 1966, relative gains in
1.00 \-::...:i£:i^':ii^l:l^i',7^:;;;r •:' /'•u.Lr'.vi t • "1"
output.
hourly wage rates and fringe benefits
as did unit labor costs
The slowdown in the expansion in were offset by approximately equal
the early part of 1967 had its most pro- increases in labor productivity. In 1966,
nounced impact on the output of non- the increase in hourly wage rates was
financial corporations. The physical somewhat greater than in preceding
volume of output of corporations fell years, while the growth of labor prosharply from the fourth quarter of 1966 ductivity slowed.
to the first quarter 1967. Although there
was a significant recovery in the second Nonlabor costs also up
.60
Nonlabor costs per unit of nonfinanhalf of the year, output for 1967 as a
Nonlabor costs turned up . . .
whole was only 1 percent above 1966. cial corporate output rose more than 5
Price per unit of Corporate output percent last year after a decline of 1%: ,25
rose 3.^ percent last year,, a substantial percent in 1966. Nonlabor costs comaicderatioii over the f9§6 riBe of \% prise capital consumption allowances,
percent and, indeed, the largest rise in indirect business taxes, business transfer>
10 years (chart 17). With demand less payments less subsidies, and interest.^
th&n buoyant, business firms were lim- Most of these costs are fixed in-; the ? .15 'T./ fc:i-: ': t
-unit profits fell ited in their ability to recoup increases short run, so that they -tend to mo^ein ,' '-.and
" • ''f' , '**'—in labor and nonlabor costs, and profit an inverse relation to output. The slow-"' 2Q -. PROFITS mJMJ!^,^\
:
margins narrowed.
*^:\
* v ing of the output rise .h^lped^)usH>up;
these unit costs in the first/hall of 1967;
*Labor costs spurt"^ < , r
;,
, .-•?-•
lidwever, they changed relatively little „
Labor costst per oinit/of putput rose in; the ;$econd hajf wifli th^ more rapid 1
more than 5 percent in 1967| a rate of advaiice in output. - Inci%ases in s,ales * •• .10
"•I960
61
62
63
64
65
increase approximately twice as large* and excise taxes from 1966 to 1967 also
Quarterly, Seasonally Adjusted
as in 1966 and one not matched for over added to unit nonlabor costs last year.
Note.—Nonfinancial corporations only. "
a decade. The acceleration of the rise
With unit costs increasing, profit U.S. Department of "Commerce, Office of Business Economics
17
SURVEY OF CURRENT BUSINESS
16
January 1968
NATIONAL INCOME AND PRODUCT TABLES
1966
1966
1967*
III
1966
1967
IV
II
Ill
IV
1966
1967 ^
III
1967
II
IV
III
IV P
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Billions of 1958 dollars
Billions of current dollars
Table 1.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product
_
743 3
785.1
748 8
762 1
766.3
775.1 791 2
807.6
652.6
669.2
654.8
661.1
660.7
664.7
672.0
679.4
Persona! consumption expenditures
465 9
491 6
470 1
473 g
480 2
489.7
495 3
501 4
418 0
429 9
420 4
420.4
424.2
430.6
431.5
433.2
Durable goods.. _ _ _ _ _ _ _
Nondurable goods
Services _ _ _ _ _
70.3
207.5
188 1
72.1
217. 5
202 1
70.9
209.5
189 8
70.6
210.3
192 9
69.4
214.2
196 6
72.5
217.2
200 0
72 7
218.5
204 1
73.7
220.2
207 5
71.3
187.7
159.1
72.1
192.8
164. 9
71.9
188.8
159. 8
71.1
188.4
160.9
69.7
191.8
162.6
72. 9
193.6
164.1
72.7
192.8
166.0
73.0
193.2
167.1
118 0
112.1 116.4
122 2
110.4
105.1
112 2
120.7
105.6
96.9
103.6
108. 4
96.9
91.3
96.4
102.9
104 6
107 0
104 9
103 7
103 3
104 6
108 4
111 7
93 0
92 1
93.0
91.2
90.2
90.9
92.9
94.5
Nonresidential
Structures _
Producers' durable equipment-
80 2
27 9
52 3
82 5
26 8
55 7
81 2
28 2
53 1
82 8
27 7
55 1
81 9
27 7
54 2
81 5
26 3
55 2
82 8
26 6
56 2
83 8
26 5
57.3
72 8
23 6
49.2
73 0
21 8
51.2
73 6
23.7
49.9
74.2
23.0
51.2
73.0
22.9
50.1
72.6
21.7
51.0
73.2
21.5
51.7
73.2
21.2
51.9
Residential structures
Nonfarm
Farm
24 4
23 8
5
24 5
23 9
6
23 7
23 2
5
20 9
20 4
5
21 4
20 9
6
23 1
22 5
6
25 6
25 0
g
27 9
27.4
6
20 2
19.7
5
19 2
18.7
5
19.4
19.0
5
17.0
16.5
.5
17.3
16.8
.5
18.3
17.8
.5
19.7
19.2
.4
21.3
20.9
.4
13 4
13 7
— 3
51
4 7
4
11 4
12 0
— 5
18 5
19 0
— 5
7.1
73
— 2
5
6
_ i
38
34
4
9.0
75
15
12.6
12 9
— 3
4.7
4 3
4
10.6
11 1
—.5
17.2
17.7
—.5
6.7
6.8
-.2
.4
.5
—.1
3.5
3.2
.4
8.4
6.9
1.5
Gross private domestic investment
Fixed investment
_
Change in business inventories. _ _ _ _
Nonfarm
Farm.. _
Net exports of goods and services
Exports
Imports
5I
50
4 6
4.3
5 3
5.3
54
4.0
4.4
3.8
4.1
3.2
4.1
4.1
4.2
2.9
43 0
37 9
45 4
40 4
43 7
39 0
44 0
39 7
45 3
39 9
45 1
39 8
45 6
40 2
45.6
41 6
40.8
36 4
42.5
38 7
41.4
37 3
41.2
38.0
42.4
38.3
42.3
38.2
42.8
38.6
42. 7
39.9
154 3
176 3
157 7
161 7
170 4
175.0
178 2
181.5
124 5
138 6
126.6
129.1
135. 5
138.7
139.9
140.4
Federal
National defense
Other..
77 0
60 5
16.5
89 9
72 6
17.3
79 5
63 0
16.6
81 5
65 6
15.9
87 1
70 2
16.8
89 5
72 5
17.0
90 9
73 3
17.6
92 0
74 3
17.7
64 7
74 o
66 4
67.8
72.3
74.4
75.1
74.4
State and local
77.2
86.4
78.1
80.2
83.3
85.4
87.4
89.5
59.9
64.6
60.1
61.3
63.2
64.3
64.9
66.0
Government purchases of goods and services
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
743 3
785 1
748 8
762 1
766 3
775 1
791 2
807 6
652 6
669 2
654 8
661.1
660.7
664.7
672.0
679.4
729.9
13 4
780.0 737.4
5 1 11 4
743.6
18 5
759.2
7i
774 6
5
787.4
38
798.7
9 0
639.9
12 6
664.5
4 7
644.2
10.6
643.9
17.2
654.0
6.7
664.3
.4
668.5
3.5
671.0
8.4
379.6
396.2
381 8
391.7
388 1
392.1
398 7
406.1
353.7
361.5
354. 7
361.1
356.6
359.5
362.9
366.9
366 2
13.4
391 1
51
370 3
11 4
373 2
18 5
380 9
7i
391 6
5
394 9
38
397 1
9.0
341.0
12.6
356.7
4.7
344.1
10.6
343.9
17.2
349.9
6.7
359.1
.4
359.4
3.5
358.6
8.4
Durable goods..
Final sales
_ _
Change in business inventories
154 6
144 7
99
158 8
155 9
2 8
155 7
145 8
99
161 1
148 3
12 8
153 9
150 5
34
155 5
156 0
— 6
161 4
157 9
35
164 4
159 3
51
150.0
140.6
93
150. 5
148.0
25
150.8
141.6
9.2
154.2
142.3
11.9
146.6
143.6
3.0
148.3
148.9
-.6
153.0
149.8
3.2
154.1
149.6
4.6
Nondurable goods
Final sales
Change in business inventories _
225 0
221 5
35
237 5
235 2
2 3
226 1 230 6
224 5 224 9
15
57
234 2
230 5
37
236 6 237 3 241 8
235 5 237 0 237 8
11
3
40
203 7
200 4
33
211 0
208 8
22
203.9
202 5
1.4
206.9
201.6
5.3
210.0
206.3
3.6
211.2
210.2
1.0
209.8
209.5
.3
212.8
209.0
3.8
287 2
311 0
291 6
296 9
303 1
307 8
313 5
319 7
235 2
245 6
237.9
239.8
242.7
244.4
246.9
248.4
76 5
77 8
75 5
73 5
75 2
75 2
79 0
81 9
63.7
62.1
62.2
60.2
61.3
60.8
62.3
64.1
Gross national product—
Final sales
Change in business inventories
Goods output
_
Final sales
Change in business inventories
Services
Structures __
„ __
_ _
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product
Private
Business
Nonfarm
Farm
Households and institutions
Rest of the world. _
General government
p Preliminary.
743 3
785. 1
748 8
666 7
699 7
670 6
642 4
617 6
24 8
673 8
649 8
24 0
646 2
621 6
24 6
20 1
21 5
20 3
42
76 6
4 5
85 4
41
78 2
766 3
775.1
791 2
807.6
652.6
669.2
654.8
661.1
660.7
664.7
672.0
679.4
681 9
683 9
690 9
705 2
719 0
597 5
610 2
599 0
604.2
602.7
606.0
612. 5
619.4
656 9
633 0
23 9
658 7
635 1
23 6
665 3
641 9
23 3
679 0
654 6
24 4
692 2
667 4
24 8
578 9
556 4
22 4
590 6
566 5
24 1
580 2
558 0
22.2
585 1
562.7
22.4
583.6
559.9
23.7
586. 6
563. 0
23.6
592. 7
568.4
24.2
599.4
574.6
24.8
20 6
21 1
21 4
21 2
22 2
14.7
15.3
14.8
14.9
15.1
15.3
15.0
15.5
4 2
49
4 6
4.0
4.3
4.0
4.0
4.8
4.4
57.9
58.7
59.6
60.0
762 1
4 4
80 2
41
82 5
84 2
86 0
88 7
40
55 0
4 3
59 1
55 8
56 9
SUEVEY OF CURRENT BUSINESS
January 1968
1966
1966 1967 P III
17
IV
II
I
III
IV P
63.9
64.7
65.5
66.4
67.6
Less: Indirect business tax and nontax
liability .
65.1 69.7 65.9 67.0 67.9 69.1 70.2
Business transfer payments _
2.8
2.7
2.7
2.8
2.8
2.8
2.8
S tatistical discrepancy _ . .
.-2.6 -2.2 -3.2 -3.8 -4.0 -2.8 —1.2
Equals: National income _ _
2.2
1.8
2.7
2.6
2.3
20
71.4
2.8
16
15
_ _ ... 616.7 649.6 622.1 634.1 636.4 641.6 653.4
Less: Corporate profits and inventory
valuation adjustment
Contributions for social insurance
Wage accruals less disbursements
Plus: Government transfer payments
to persons
Interest paid by government
(net) and by consumers
Dividends.
Business transfer payments
Equals: Personal income
68.6
679.8 718.1 684.9 697. 4 700.8 708.7 723.6 739.0
Plus: Subsidies less current surplus of
government enterprises
82.2
79.1
81.9
84.6
78.1
78.3
79.2
38.2
43.0
38.9
39.8
42.2
42 5
43 3
44 1
.0
0
.0
.0
0
o
0
0
41.2
49.1
41.3
44.7
48.1
48.6
49 6
50 1
22.3
21.5
2.7
24.1
22.8
2.8
22.4
21.6
2.7
23.2
21.2
2.8
23.7
22.2
2.8
23 9
23 1
2.8
24 2
23 4
2.8
24 7
22 4
2.8
Compensation of employees
Private
Military
G ov eminent civilian _ _ .
28.2
29.6
25.0
27.8
30.0
24.5 22.2 24.6 24.5
4.3 3.9
4.3
4.3
.6 -1.1 -1.2 -1.2
24.2
4.2
1.3
Personal consumption expenditures _ 24.9
Producers' durable equipment __
4.4
Change in dealers' auto inventories..
.4
23.9 24.7
42
4.4
- 5 -1.3
Net exports
Exports _
Imports
.0
1.3
1.2
-1
16
17
.3
1.5
1.3
.0
1.5
1.5
-.3
1.3
1.6
-.1
1.6
1.7
.1
1.9
1.7
.0
1.8
1.8
27.6
1.8
25.2
2.6
26.1
1.9
27.4
2.1
22.8
2.2
25.3
2.7
25.4
2.6
27.5
2.7
27.9
29.7
24.7 22.6 25.0 24.6
4.3
3.9
4.3 4.3
.7 -1.1 -1.3 -1.3
23.9
4.2
1.4
.
Addenda:
New cars, domestic 2
New cars, foreign.
41.6
42.7
44.4
45.2
46.4 47.6
20.6
21.1
22.2
22.3
22.8 23.3
21.1
21.7
22.2
22.9
23.6 24.3
23.2
59.3
58.4
59.2
58.6
57.8
57.8
58.8 59.3
43.2
43.6
43.3
43.4
43.2
43.4
43.8 44.1
43.6
— 4
43.9
-.3
Farm _
16.1
14.8
15.9
15.1
14.6
14.3
15.0 15.2
Rental income of persons. .
19.4
20.1
19.4
19.6
19.8
20.0
20.2 20.4
Corporate profits and inventory valuation adjustment
82.2
79.1
81.9
84.6
78.1
78.3
79.2
78.9
80 0
32.5
46.5
23.1
23.4
32.9
47.1
23.4 ~22.~4~
23.6
83 8
80 1
84 0
83 9
79 0
34.5
49.3
21.5
27.8
33.0
47.2
22.8
24.4
34.6
49.4
21.6
27.8
34.6
49.3
21.2
28.2
32.5
46.5
22.2
24.2
-1.6 -1.0 -2.2
20.2
22.4
20.4
.7
-.8
-.7
-.8 -1.8
21.1
21.6
22.1
22.7 23.3
Table 7.—National Income by Industry Division (1.11)
616.7 649. 6 622.1 634.1 636.4 641.6
653.4
Agriculture, forestry, and fisheries
Mining and construction _ .
Manufacturing
Nondurable goods
Durable goods _
_. . .
22.7 21.8 22.6 22.0 21.6 21.3
38.2 40.3 38.4 38.7 39.8 39.7
192.1 196. 3 193.6 198.8 195.0 194.0
73.2 76.2 73.8 75.3 75.9 75.1
118.9 120.1 119.8 123.5 119.2 118.9
22.0
40.3
196.0
75.9
120.0
Transportation. _. ._ _ _ _
C ommunication
Electric, gas, and sanitary services
Wholesale and retail trade- _
24.8
12.4
12.1
90.8
26.1
13.0
12. 8
95.9
24.7
12.7
12.4
91.1
25.4
12.7
12.3
92.6
25.5
12.8
12.4
93.5
25.7
13.0
12.6
94.9
26.5
13.2
12.9
96.9
Finance, insurance, and real estate.-... 65.6
Services
69.3
Government and government enterprises--.
. . _ _
84.6
Rest of the world _
4.2
70.4
74 7
66.2
70.2
67.5
71.3
68.4
72.6
69.6
74.1
70.9
75.3
93.9
4.5
86.3
4.1
88.4
4.4
90.8
4.1
92.5
4.2
94.5
4.9
All industries, total
27.9
45.9
22.6
Business and professional*
Income of unincorporated enterprises
Inventory valuation adjustment
Inventory valuation adjustment
27.7
426.2 435.6
339.4 345.8
16.3 17.3
70.6 72.5
Other labor income
. . . 20.8
Employer contributions to private pension and welfare funds 17.3
Other
3.5
Net interest .
Billions of current 'dollars
653.4
472.6 483.2
Supplements to wages and salaries. _. 41.1
Employer contributions for social
20.3
insurance
Profits tax liability
Profits after tax
Dividends...
Undistributed profits ._
Table 5.—Gross Auto Product in Current and Constant Dollars
(1.15,1.16)
616.7 649.6 622.1 634.1 636.4 641.6
435. 7 469. 6 441.2 450.2 459.1 463.4
394.6 423.7 399.6 407.4 414.7 418.3
Proprietors' income
584 0 626.3 589 3 601 6 612 9 619 1 631 0 642 1
29.8
IV P
316. 7 337.4 320.1 326.1 331.4 333.2
14.7 16.4 15.1 15.8 16.1 16.2
_ 63.2 69.8 64.3 65.6 67.3 68.9
Wages and salaries _ _
Profits before tax
Gross auto product 1
III
Table 6.—National Income by Type of Income (1.10)
National income
743.3 785.1 748.8 762.1 766.3 775.1 791.2 807.6
67.0
II
Billions of dollars
Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1.9)
Less: Capital consumption allowances - 63.5
I
Seasonally adjusted at annual rates
Billions of dollars
Equals: Net national product
IV
1966 1967 P III
Seasonally adjusted at annual rates
Gross national product _ _ .
1967
1966
1967
Billions of 1958 dollars
Gross auto product
1
30.3
27.8
28.8
29.9
25.3
28.2
Personal consumption expenditures. 25.4
Producers' durable equipment
4.4
Change in dealers' auto inventories. . .4
Net exports
.1
Exports
1.3
Imports
1.2
Addenda:
24.0 25.3
4.2
4.4
-.6 -1.4
.0
1.7
1.7
.3
1.6
1.3
.1
1.5
1.5
-.2
1.3
1.6
.0
1.6
1.7
.2
1.9
1.7
.0
1.8
1.8
New cars, domestic 2
New cars, foreign
25.5
2.5
26.6
1.8
27.8
2.1
23.3
2.2
25.8
2.7
25.6
2.6
27.4
2.7
28.2
1.8
AH industries, total
Financial institutions
Mutual
Stock
Non financial corporations
annuaUgrforStahet0 I£°?lcthfcotal mcludes Government purchases, which amount to $0.2 billion
p Prdfmin°m the gr°SS aUt°product total by themarkuP on both used cars and foreign cars.
Table 8.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6.12)
M anuf acturing
Nondurable goods
Durable goods
Transportation,
communication,
and public utilities
All other industries
82.2
79.1
81.9
84.6
78.1
78.3
79.2
9.3
9.7
9.5
9.6
9.6
9.5
9.6
1.9
7.4
72.9
69.4
72.4
75.0
68. 5" 68.8
69.6
43.1
18.7
24.4
39.0
18 0
21.0
42.7
18.8
23.9
44.4
19.2
25.3
39.6
18.4
21.1
38.9
17.8
21.1
38.2
17.7
20.5
11.9
18.0
12. 0
18.4
11.8
17.9
12.0
18.6
11.7
17.3
11.9
18.0
12.1
19.3
SURVEY OF CURRENT BUSINESS
18
1966
1966 1967*
III
January 1968
1967
IV
I
II
III
1966
IV*
1966 1967 v
III
Seasonally adjusted at annual rates
Table 9.—Gross Corporate Product (1.14)
Personal income. .
39.0
41.4
39.2
39.8
40.3
40.9
41.8
42.5
38.2
40.8
38.6
39.2
39.7
40.4
41.1
41.9
Income originating in corporate business
352.4 367. 5 355.2 363.2 361.5 363.1 369.0
Compensation of employees. _
Wages and salaries Supplements
275.9 294.4 279.0 284.5 289.1 290.5 296.2 301.7
246.1 261.3 248.8 253.5 257.1 258.0 262.8 267.4
29.8 33.1 30.2 30.9 32.0 32.5 33.4 34.3
Net interest
-2.4
Corporate profits and inventory
valuation adjustment
Profits before tax
Profits tax liability..
_
Profits after tax
Dividends .
Undistributed profits
Inventory valuation adjustment..
78.9 75.6 78.7
80.6 76.7 80.8
34.5 33.0 34.6
46.0 43.7 46.2
19.9 21.2 20.1
26.1 22.5 26.1
-1.6 -1.0 -2.2
Cash flow, gross of dividends
Cash flow, net of dividends.
Gross product originating in
financial institutions
-2.4
81.2
80.5
34.6
45.9
19.6
26.3
.7
-2.5 -2.5
74.9
75.7
32.5
43.2
20.7
22.5
-.8
75.1
75.8
32.5
43.3
21.6
21.7
-.7
-2.5
-2.5
75.3
76.1
32.9
43.2
21.6
21.6
-.8 -1.8
Net interest
__ _
Corporate profits and inventory
valuation adjustment. _
Profits before tax
Profits tax liability
Profits after tax
„„
Dividends _
Undistributed profits
• Inventory valuation adjustment.—
' Cashflow,"gross of dividends.. . - _
'Cash flow, net of dividends' _
435.6
170.6
136.9
103.2
72.0
89.8
Other labor income
20 8
23.2
21.1
21.7
22.2
22.9
23.6
24.3
Proprietors' income .
Business and professional
Farm
59 3
43 2
16.1
58 4
43 6
14.8
59 2
43 3
15.9
58 6
43 4
15.1
57 8
43 2
14.6
57 8
43 4
14.3
58.8
43.8
15.0
59.3
44.1
15. 2
19 4
21 5
42.4
20 1
22.8
46.5
19 4
21.6
42.8
19 6
21 2
44.3
19 8
22.2
45.2
20 0
23 1
46.0
20.2
23.4
46.9
20.4
22. 4
48.0
43 9
51 9
44.0
47 5
50.8
51 4
52.4
52.9
20 8
25 7
21 0
23 2
24 7
25 6
26.2
26.4
18 2 1
5.7
6.6
15.6 17.5
1.8
5.4
15.8
1 8 2.1
6.5
6.3
16.2 17.6
2.1
6. 5
17.0
2.2
6.6
17.4
1.9
6.7
17.9
Rental income of persons
Dividends .
. .
Personal interest income ._
•_
83.5
62.8
84.2
62.6
85.0
63.3
17.5
19.0
17.7
18.0
18.4
18.6
19.1
Less: Personal contributions for
social insurance __
17.9
20.4
18.4
18.7
20.0
20.2
20.5
20.8
Less: Personal tax and nontax payments
__ .
___
75.2
81.7
76.9
79.6
80.2
79.1
82.8
84.6
37.9
36.5
40.2
38.1
38.6
39.1
39.8
40.6
41.4
38.9
36.9
37.5
37.9
38.6
39.3
40.0
261.3 278.2 264.3 269.5 273.7 274.6 279.8 284.9
233.4 247.3 236.0 240.5 243. 7 244.1 248.5 252.8
27.9 31.0 28.3 29.1 30.0 30.5 31.3 32.1
6.8
7.0
69.7 66.0 69.2
71.3 67.0 71.3
30.3 28.5 30.3
41.0 38.4 41.0
18.5 19.6 18.6
22.5 18.8 22.4
-1.6 -1.0 -2.2
71.5
70.8
30.2
40.6
18. 2
22.5
.7
6.7
78.9
60.4
7.3
78.7
59.0
79.1
60-5
7.1
7.3
65.3 65.6
66.1 66.3
28.1 28.2
38.0 38.1
19.2 20.0
18.8 18.1
-.8 , -.7
79.3 77.2
61. 1 - 57.9
77.9
57.9
7.4
7.5
65.7
66.5
28.5
38.0
20.1
17.9
-.8 -1.8
78.6
58.5
Less t Personal outlays. _
479.0 505.8 483.2 487.4 493.9 504.0 509.6 515.9
Personal consumption expenditures- 465.9 491.6 470.1 473.8 480.2 489.7 495.3 501.4
12.4 13.4 12.5 12.9 13.1 13.3 13.5 13.8
Interest paid by consumers
Personal transfer payments to for1.0
.8
.7
.7
.6
.6
.6
.8
eigners .
..
Equals: Personal saving.
t091 1..100 1.105 1.116
.099
.104
. 099'^ ,099
.102
.103
.105
.095
.682
.018
.101
.718
.019
.096
.687
.018
.096
.693
.018
.098
.711
.018
.100
.713
.019
.101
.722
.019
Corporate profits and inventory valuation adjustment
.182
Profits tax liability.
.079
Profits after tax plus inventory valuation adjustment.. .103
.170
. 074
.180
.079
.184
.078
.170
.073
.170
.073
.169
.073
.097
.101
.106
.097
.097
.096
1 Excludes gross product originating in the rest of the world.
This is equal to the deflator for gross product of nonfinancial corporations, with the decimal
point shifted two places to the left.
•p Preliminary.
29.8
29.2
38.7
34.6
38.8
36.0
38.5
41.6
Addenda:
Disposable personal income :
Total, billions of 1958 dollars.
456.3 476.0 458.4 463.2 470.6 474.9 477.5 481.8
Per capita, current dollars..
Per capita, 1958 dollars
2,584 2,735 2,598 2,639 2,686 2,716 2,749 2,787
2, 317 2,391 2,324 2, 341 2,373 2,388 2,394 2,409
Table 11.—Personal Consumption Expenditures by Major Type (2.3)
Personal consumption expenditures
465.9 491. 6 "« 470. 1 473.8 480.2 489.7 495.3 501.4
72 1
70.9
70.6
69.4
72.5
72.7
73.7
Automobiles and parts
29.8 29.3
Furniture and household equipment . 29.9 32.0
Other..
.
10.6- 10.8
29.8
30.6
10.5
29.6- 27.3
30.6 31.4
10.4 10.7
29.7
31.9
10.9
29.9
32.1
10.8
30; 2
Nondurable goods
Food and beverages.
Clothing and shoes.
Gasoline and oil
Other
r
i. iia. i.oso;
Equals : Disposable personal income. _ . 508.8 544. 6 512.4 522.0 532. 7 540.0 548.2 557.5
Durable goods
Billions of 1958 dollars
' Dollars
Current dollar cost pei; unit of
-- 1958. dollar gross, product
originating 2in nonfinancial
,\-^. -corporations
_
V-,« " - i_^_]jts. 1.076y
~
399.6 407.4 414.7 418.3 426.2
161.0 164.1 165.7 164.8 167.4
129.7 132.6 133. 1 132.6 134.6
94.9 96.5 98.7 99.6 101.7
64 3 65.5 67 0 68.8 70.2
79.4 81.4 83.4 85.0 86.9
85.6
66.1
g • '.,
2
423.7
167. 1
134.3
100.8
69 5
86.3
85.4
65.3
Gross product originating in
nonfinancial corporations... . 383.0 387. 5 384.6 389.0 384.7 385.3 387.7
Capital consumption allowances" !.:_-_
Indirecf; business taxes plus transfer
payments less subsidies
Compensation of employees
Net interest
584 0 626.3 589 3 601 6 612.9 619.1 631.0 642.1
Wage and salary disbursements
394.6
Commodity-producingindustries. _ 159.3
128.1
Manufacturing
Distributive industries
93.9
Service industries
63.5
Government..
..
._._ .. 77.9
85.1
63.9
?•-
*i
IV p
85.0
65.1
Income originating in nonfinancial
corporations
337.7 351. 5 340.3 348.0 346.1 347.5 352.9
Compensation of employees
Wages and salaries _ _ ___ _
Supplements
III
Transfer payments ..
Old-age, survivors, disability, and
health insurance benefits
State unemployment insurance
benefits
Veteransbenefits
Other
Gross product originating in
nonfinancial corporations
412.1 430.7 415.3 424.2 423.1 425.9 432.8
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies. _
II
Table 10.—Personal Income and Its Disposition (2.1)
429.6 449.7 433.0 442.2 441.5 444.5 451.9
-2.5 -2.4
I
Billions of dollars
l
Gross corporate product
IV
Seasonally adjusted at annual rates
Billions of dollars
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies _
1967
Services
Housing
r.
Household operation.. __
- Transportation
Other . . .
70 3
32,6
10,9
207 5 217.5 209.5 210.3 214. 2 217.2 218.5 220.2
110.6 107.3 107. 2 109.3 110.1 110.9 112.^2
42. 8 41.0 40.8 41.5 43.2 43.7 42.9
17.5 16.3 16.6 17.1 17.5 17.5 17.8
46. 6 44.8 45.7 .46.3 46.4 46.4 47.3
j_ 106. 7"
40.3
16.2"
44. 3
188. 1 202. 1 189.8 192.9 196.6 200.0 204.1 207.5
'- 67.1
27.0
13.6
80.4
67.4 68.5
27.4 -27.7
13.7 14.0
81.3 82.7
71. 3
28.2
14.7
87.7
69.6
27.8
14.4
84.8
7,0.6
28.1
14.6
86.6
71.9
28.1'
14.8
89.2
73.2
28.9
15.1
90.3
Table 12.—Foreign Transactions in the National Income and
Product Accounts (4.1)
Receipts from foreigners .
43.0
45.4
43.7
44.0
45.3
45.1
45. 6
45.6
Exports of goods and services
43 0
45.4
43.7
44.0
45.3
45.1
45.6
45.6
43.0
45.4
43.7
44.0
45.3
45.1
45.6
45.6
37.9
40.4
39.0
39.7
39.9
39.8
40.2
41.6
Transfers to foreigners
Personal
Gover nment
2.9
.6
2.3
3.0
.8
2.2
2.8
.6
2.2
2.5
.6
1.9
2.9
.7
2.2
3.1
1.0
2.0
3.1
.8
2.3
2.8
.7
2.1
Net foreign investment. .
2.2 - 2. 0
1.8
1.8
2.5
2.3
2.3
1.2
Payments to foreigners
Imports of goods and services
(
SURVEY OF CURRENT BUSINESS
January 1968
1967* III
IV
I
II
III
1966
IV*
1967* III
Table 13.—Federal Government Receipts and Expenditures (3.1, 3.2)
Personal tax and nontax receipts
Corporate profits tax accruals
Indirect business tax and nontax
accruals
Contributions for social insurance.._
61.7
32.3
66.5
30.7
63.1
32.4
65.2
15.9
33.3
16.6
37.7
16.2
34.0
16.3
34.7
142.9 164.1 146.3 151.9
Federal Government expenditures
149.1 148.1
Gross national product
65.5
30.3
64.0
30.3
67.5 >9.0
30.6
16.2
37.0
16.5
37.2
16.7 17.0
38.0 38.6
160.9 162.8
165.9167.5
77.0
60.5
16.5
89.9
72.6
17.3
79.5
63.0
16.6
81.5
65.6
15.9
87.1 89.5
70.2 72.5
16.8 17.0
90.9 92.0
73.3 74.3
17.6 17.7
Transfer payments. ..
To persons.-------To foreigners (net).
36.0
33.7
2.3
42.9
40.7
2.2
35.9
33.7
2.2
38.8
36.9
1.9
42.2
40.0
2.2
42.4
40.3
2.0
43.5 43.5
41.2 41.4
2.1
14.8
15.8
15.3
15.6
15.6
15.3
16.0 16.4
9.5
10.4
1C.O
10.4
10.4
10.5 10.7
Net interest paid
._ _.
.
II
I][I
IV*
Table 16.—Implicit Price Deflators for Gross National Product (8.1)
152.7
Purchases of goods and services
National defense.__.
Other.
.
Grants-in-aid to State and local governments—
-
I
Index numbers, 1958=100
Billions of dollars
143.2 151.5 145.6 148.6
IV
Seasonally adjusted
Seasonally adjusted at annual rates
Federal Government receipts.
1967
1966
1967
1966
1966
19
113.9 117.3 114.4 115.3 116.0 116.6 117.7 118.9
Personal consumption expenditures — 111.5
114.4 111.8 112.7 113.2 113,7 114.8 115.7
98.6 100.0 98.7 99.4 99.5 99.5 100.1 101.0
11C. 6 112.8 111.0 111.6 111. 7 112.2 113.3 114.0
118.3 122.5 118.7 119.9 120.9 121.9 123.0 124.2
Durable goods
Nondurable goods
Services
Gross private domestic investment
Fixed investment
112.5 116.1 112.8 113.7 114.4 115.0 116.8 118.2
Nonresidential
110.2 113.1 110.4 111.6 112.2 112.2 113.2 114.6
118.4 122.8 118.9 120.1 121.0 121.5 123.8 125.0
Structures
.
Producers' durable equipment.. 106.2 108.9 106.3 107.7 108.2 108.3 108.8 110.3
Residential structures _
Nonfarm
.
..Farm
120.9 127.9 122.0 123.2 123.8 126.2 129.9 130.8
121.1 128.1 122.2 123.4 124.0 126.4 130.1 131.0
114. 1 120. 4 114.6 115.9 117.3 118. 8 122.4 123.2
Change in business inventories
Net exports of goods and services
Subsidies less current surplus of government enterprises
.
5.4
Surplus or deficit (—), national income and product accounts
5.2
6.0
5.9
.3 -12.6 -.7 -3.3
5.6
5.0
4.9
-11.9 -14.7 -13.2
105.4 106.7 105.4 106.7
104.1 104.3 104.8 104.3
Exports
Imports
Government purchases of goods and
services. _
123.9 127.1 124.6 125.2 125.8 126.1 127.4 129.3
119.1 121.4 119.7 120.2 120.5 120. 3 121.0 123.6
129. 0 133.8 129.9 130.8 131.9 132.9 134.7 135.6
Federal
State and local. _
Table 14.—State and Local Government Receipts and Expenditures
(3.3,3.4)
State and local government receipts
84.7
91.6
86.0
87.9
89.3
13.5
2.3
15.2
2.2
13.7
2.3
14.3
2.3
14.7 15.1
21 21
15.4 15.6
23
49.2
4.9
14.8
53.1
5.3
15 8
49.8
4.9
15 3
50.6
5.0
15 6
51 7
5.2
15 6
52 6
5.3
15 3
53 5 54 4
5.4 5.4
16 0 16 4
81.8
91 7
82 7
84 9
88 3
90 6
92 7 95 1
Purchases of goods and services... ... 77.2
Transfer payments to persons
7.5
Net interest paid ..
.3
Less: Current surplus of government
enterprises
^ '
33
86.4
84
2
78.1
76
.3
80.2
7g
3
83.3 85.4
81 83
2
2
87.4 89.5
85 8 8
2
2
34
33
34
34
-.1
3.3
3.0
1.0
Personal tax and nontax receipts
Corporate profits tax accruals.
.
Indirect business tax and nontax
accruals.
Contributions for social insurance
Federal grants-in-aid
State and local government expenditures..
Surplus or .deficit (—), national
income and product accounts
2.9
90.4
92.6
Q A
-.2
34
-.1
Table 17.—Implicit Price Deflators for Gross National Product by
Major Type of Product (8.2)
Gross national product
113.9 117.3 114.4 115.3 116.0 116.6 117.7 118.9
107. 3 109. 6 107.6 108.5 108. 8 109.0 109.9 110.7
Goods output
103. 1 105. 5 103.2 104.5 104.9 104. 8 105. 5 106.6
110.4 112.6 110.9 111. 5 111.5 112.0 113.1 113.6
Durable goods
Nondurable goods
Services. -..
-.
122.1 126.6 122.6 123.8 124;-9 125.9 127.0 128.7
120. 1 125.3 121.2 122.0 122.6 123.8 126.9 127.8
Structures .
Addendum:
Gross auto product. _
Table 15.—Sources and Uses of Gross Saving (5.1)
Gross private saving.
119.5 129.2 118.7 128.2
Personal saving.:
. 29.8
Undistributed corporate profits
27.8
'Corporate inventory valuation adjustment
1
<
Corporate capital consumption
allowances ___'__,
.__.-.;
Noncorporate "capital consumption
allowances
24.5
Wage accruals less disbursements....
Government surplus or deficit (—),
national income and product
accounts
Federal.
State and local...
Gross investment..
38.7
24.4
29.2
27.8
34.6
28.2
127.7 125.1
38.8
24.2
38.5 41.6
23.6
-2.2
.7
41.4
39.2
39.8
40.3 40,9
41.8 42.5
25.7
.0
24.7
24.9
25.2
25.8 26.1
.0
3.2 -12.7
2.6
-10.8 -15.0 -13.3
.3 -12.6
-3.3 -11.9 -14.7 -13.2
-.1 3*. 3
2.9
3.0
1.0 -.2
-.1
120.2 114.1 118.1 124.0
112.9 107.3
114.5121.9
Gross private domestic investment-. 118.0 112.1 116.4 122.2
Net foreign investment
2.2
2.0
1.8
1.8
110.4 105.1
2.5 2.3
112.2 120. 7
2.3 1.2
Statistical discrepancy.
? Preliminary.
-2.6
-2.2 -3.2
-3.8
-4.0
-2.8
99.7
98.0
99.0
98.8
98.8
99. 8 101.0
129.0
36.0
23.4
25.5
98.2
-1.2
Table 18.—Implicit Price Deflators for Gross National Product by
Sector (8.4)
Gross national product.
Private
Business
Nonfarm..
Farm
113.9 117.3 114.4 115.3 116. 0 116.6 117.7 118. 9
111.6
_.
._
Households and institutions
General government
114.7 112.0 112.9 113.5 114.0 115.1 116.1
111.0 114.1 111. 4 112.3 112.9 113.4 114.6 115.5
111.0 114.7 111.4 112.5 113.4 114.0 115.2 116.1
110.7 99.7 110.8 106.7 99.3 98 8 100. 6 100.1
137 0 140 7
139.2 144. 5 140.0 141.0 142 3 143.4 144.5 147.9
Employment—Prices—Finance
Labor Market Developments
A HERE were many crosscurrents in
labor markets in 1967. In a number of
respects, pressures were not as intense
as they had been in 1966: Employment
grew less rapidly, weekly hours were
cut back, part-time work became more
common, and unemployment rose a
little. Nevertheless, the demand for
workers with skill and experience was
CHART 18
Employment Changes in Nonfarm
Establishments
Employment increased less in 1967 than in 1965
and 1966 because of the slowdown in manufacturing
Millions of Workers
4
very strong, and employees were able
to obtain the largest percentage increases in wage rates and fringe benefits
since the midfifties.
Reflecting the slower pace of economic activity, the demand for labor
in 1967 grew less than in any other year
since 1963. Total civilian employment,
at an average of 74.4 million, increased
by about 1.5 million persons as compared with an average yearly gain of
1.7 million in the preceding 3 years.
At the same time, last year's growth in
the civilian labor force was rather
large and exceeded the employment
rise, so that the average level of unemployment increased slightly. However,
the rate of unemployment was unchanged from the 1966 low of 3.8 percent of the civilian labor force.
during the first 5 months and gaining
2.4 million by the end of the year.
The rate of unemployment remained
below 4 percent for most of 1967. It
showed a slight upward drift after the
first quarter, rising a little above 4
percent in September and October, but
fell back in the closing months to the
low levels prevalent early in the year.
Unemployment of married men declined
slightly to the exceptionally low rate
of 1.8 percent, about half the rate that
prevailed in 1962. The rate of unemployment for teenagers continued close
to the 1966 average of nearly 13 percent; although still high, it was considerably lower than the rates of the
several years preceding 1966. The rate
for nonwhite persons was also unCHART 19
Unemployment Rates
The 1967 rate for all workers—3.8 percentwas unchanged from 1966
Percent
20
Teenagers
Shifting labor pattern
1963
1964
1965
1966
1967
Change From Previous Year
Data: BLS
Note.—Data refer to total employment, not production workers only.
O.S. Department of Commerce, Office" of Business Economics
20
68-1-18
Jobs were harder to find during most
of the first half of 1967, when weaknesses emerged in the economy. Unemployment did not change very much,
but there were large withdrawals from
the civilian labor force, which fell by
nearly 600,000, seasonally adjusted,
from December to May. However, as
the economy began to strengthen, the
labor force rose steadily after May and
expanded by 2.4 million from May to
December. Civilian employment showed
a parallel pattern—dropping by 600,000
V>
10
All,Civilian Workers
Married Men'
I ''. I
I960
61
I
62
i
63
I
64
65
66
67
Data: BLS
U.S. Department of Commerce, Office of Business Economics
68-1-19
January 1968
changed from 1966 and was still considerably above the unemployment rate
for white persons.
Employment pattern by industry
Nonagricultural payroll employment
rose to a record total of approximately
66 million in 1967, a gain of about 2
million over 1966; the rise from 1965
to 1966 was more than 3 million (chart
18). Almost all of the difference between these two annual gains was due
to a slowing down in manufacturing
employment. In 1966, the strong rise
in capital goods demand, in defense
production, and in many types of consumer goods resulted in a substantial
demand for factory labor, and employment in manufacturing increased 1.1
million, the largest annual advance
since 1951. With sluggishness in capital
goods demand and auto sales, and with
the rapid adjustment in inventories,
factory layoffs were quite marked in
the 6 months after January 1967, when
manufacturing employment was reduced by nearly 400,000. A recovery
occurred in August, but it was interrupted by the auto strikes in September and October. With the strikes
settled, factory employment rose substantially in November and further in
December, but it was still below the
year-earlier rate. For 1967 as a whole,
total employment in manufacturing
was only 150,000 above 1966.
The growth in nonmanufacturing
employment in 1967 was maintained
at about the same pace as in other
years. Employment in contract construction was a little lower than in 1966;
it declined through June but picked up
thereafter as construction contracts
improved after midyear and housing
starts continued to climb. Employment
in mining declined slightly in line with
its long-term downtrend, but all other
private nonmanufacturing industries
showed employment gains comparable
to those of the recent past. State and
local government employment maintained its steady growth, but the gain
in Federal employment was somewhat
less than in 1966.
Hours of work reduced
Weekly hours of work were curtailed
in 1967 for the first significant annual
21
SURVEY OF CURRENT BUSINESS
reduction since 1960. The average workweek in the private sector was reduced
from 38.7 hours in 1966 to 38.2 in 1967.
The cutback was pronounced in manufacturing, where, mainly because of a
reduction in overtime, weekly hours
fell to 40.6, a drop of 0.7 hour from
1966; reductions were more widespread
among producers of durable goods than
of nondurables. Factory weekly hours
rose somewhat after mid-1967, but at
yearend, they were still below their
year-earlier level.
On balance, the length of the workweek did not change much in other industries. The long-term downward drift
continued in trade, but in contract construction and mining, average hours in
1967 were about the same as in 1966
and the highest in many years.
Labor disputes disrupted output
Many important union contracts
came up for renewal in 1967. Although
most settlements were concluded without strikes, a number of key industries
had shutdowns, varying from a few
days to months. In fact, time lost in
1967 because of work stoppages was
the highest since 1959. The more important industries that were affected by
strikes were autos, machinery, interstate trucking, rubber, and copper
mining; in addition, there were strikes
by teachers in many cities in the fall.
The strike in copper mining, affecting
42,000 workers, began in mid-July and
was still in progress at the end of the
year.
The largest strike, against the Ford
Motor Co., began in the first week of
September and lasted 7 weeks, affecting
about 160,000 workers. The Ford settlement set the pattern for the other auto
producers.
More than 4% million workers were
covered by major settlements in 1967 as
compared with 3.4 million in 1966. The
median increase in wage rates and
fringe benefits last year was more than
a full percentage point higher than in
1966.
Price Developments
THE sizable price advance in final
markets that started in late 1965 continued in 1967 with an acceleration from
the first to the second half of the year.
The GNP deflator, the most comprehensive measure of final market prices,
averaged 3 percent above 1966, slightly
more than the rise from 1965 to 1966,
and the consumer price index showed
an increase of about 3 percent for the
second year in a row. However, prices
in wholesale markets rose only 0.2
percent after a gain of 3% percent in
1966, partly because farm prices, which
had risen sharply in the preceding year,
declined, and partly because industrial
prices rose less than in 1966 (chart 20).
During the first half of 1967, price
advances moderated, mainly because
of the general ease that developed
during the period of inventory adjustment. In addition, the overall price
rise was slowed by an extension of the
decline in farm and food prices that
began in the late summer of 1966.
Early in the year, with industrial production declining, plant capacity utilization dropped sharply. At first, the
slowing of production was accompanied
by cutbacks in weekly hours of work;
later, employment was reduced slightly,
but because of a shrinkage in the labor
force, the unemployment rate showed
only a small rise. Wage rates continued
to increase sharply, and with productivity showing little growth, there was
a substantial rise in unit labor costs
as well as in other charges. The rise in
unit costs was only partly absorbed by
a reduction in profit margins.
The improvement in output and
demand in the second half bolstered
businessmen's expectations and led to
some price increases that had been
deferred earlier in the year. Of more
importance was the greater ability of
businessmen to pass on continued
22
SUKVEY OF CUKKENT BUSINESS
cost increases. This shift in pricing
policy was most evident in wholesale
markets for industrial commodities,
but it was also apparent at the retail
level.
20). After rising about one-half of 1
percent from December to February,
the index remained unchanged through
July, but it advanced fairly sharply
each month thereafter. The rise from
June to December was at an annual
rate of 2% percent.
The relative price stability in the
first part of 1967 was a continuation
of a trend that began around mid-1966,
shortly after the severe demand pressures of early 1966 had abated somewhat. It reflected divergent movements
among various types of industrial commodities. Prices of crude industrial
materials, which tend to be sensitive,
peaked in the summer of 1966, dropped
noticeably in the remainder of that
year, and declined more gradually
through the summer of 1967. Over this
span of about 1 year, prices of intermediate materials were fairly stable,
showing only a slight rise in early 1967.
Prices of durable finished goods as a
group continued to rise in the first half
of 1967, but more slowly than in the
previous 6 months; however, prices of
nondurable finished goods (except food)
showed a distinct step-up. After the
early summer of 1967, the rise in prices
of industrial commodities was again
concentrated in finished goods, but
increases became more common at all
stages of processing.
For the full year, prices advanced
from 1966 to 1967 in nearly all of the 12
major industrial product groups of the
Wholesale Price Index. The largest
full-year increases occurred in machinery
and equipment, fuels, rubber and rubber
products, miscellaneous products, and
furniture and household durables. In
contrast, prices of hides and skins,
which had risen nearly 15 percent from
1964 to 1966, dropped in 1967.
Within the year, price increases
accelerated from the first to the second
half for six of the 12 groups while
prices of three other groups advanced
in the second half after declining in
the first. (See text table, last two
columns.) The most pronounced price
rise among the major commodity groups
in the second half of 1967 occurred
in the lumber, plywood, and wood
products category. The sharp drop in
housing starts during 1966 led to a 5-
Wholesale industrial commodities
Wholesale prices of industrial commodities averaged 1% percent higher
in 1967 than in 1966. The increase was
about two-thirds that of the previous
year and was about the same as the
rise from 1964 to 1965; from 1959
through 1964, these prices had been
exceptionally stable.
There was a marked difference in
the behavior of industrial prices in the
first and second halves of 1967 (chart
CHART 20
Wholesale Prices
Overall index changed little
during 1967
1957-59=100
no
Total
105
100
95
Industrial prices: stable in first half,
advance in second
no
Industrial
CommoditiesN
105
100
Prices of farm products and foods
down from mid-1966 peaks
120
Processed Foods.
no
105
100
95
90
1964
1965
1966
1967
Data: BLS
U.S. Department of Commerce, Office of Business Economics
68-1-20
January 1968
percent decline in lumber prices from
May through December of that year.
As the recovery in homebuilding got
underway during the winter, prices
leveled off and then held steady through
June 1967; however, prices rose sharply
during the second half of 1967 as housing
activity continued to expand at a
rapid pace. The recovery in homebuilding also led to an acceleration in the
rise of nonmetallic mineral prices.
Prices of metals showed a marked
increase in the second half after declining in the first. Improved supplies of
copper lowered prices of nonferrous
scrap during the spring months, but
prices firmed again in the second half
of the year because the long strike in the
copper industry reduced supplies of the
primary metal. Prices of steel mill
products edged up in the first half of
1967, but in the second half, advances
were announced for a broad range of
products. For the full year, increases
applied to products accounting for
about two-thirds of total mill shipments.
From August to the end of the year,
the rise amounted to approximately
1% percent, and a further increase is
expected in January.
Other noteworthy price changes
among industrial commodities included
the advance in prices of tires and tubes
in August (after the wage increases incorporated in the new labor contracts
that settled the strike in that industry),
the rapid runup and subsequent decline
Percent Changes in Wholesale Prices
of Industrial Commodities
Dec. 1966-
June 1967
June 1967Nov. 1967
196566
1966671
All industrials
2.1
21.5
0.9
Lumber
Rubber
Nonmetallic
minerals.
Furniture
Paper
Machinery .._ __
4.5
2.0
-.3
2.3
.4
1.9
9.0
7.8
.8
1.1
2.7
3.0
1.7
1.9
1.4
3.3
1.0
.8
1.3.
1.8
2.8
2.6
2.1
1.9
Metals__
Textiles
Hides and skins, _.
2.5
.3
9.6
1.1
0
-3.3
-.7
-.2
-4.3
Miscellaneous
1.9
2.2
3.7
2.2
Chemicals _
Fuels and power. _.
.4
2.4
.6
2.3
.8
4.1
-1.0
-3,5
(Seasonally adjusted
at annual rates)
22.4
3. 7
3.0
.6
1. Detailed indexes include OBE estimates for December
1967.
2. Includes preliminary BLS figure for December 1967.
Source: Basic data, BLS; seasonal adjustments by OBE.
January 1968
in the price of crude oil during the
Middle East crisis last summer, and
the increases in prices of motor vehicles,
producers' equipment, and consumer
durable goods in late 1967.
Consumer prices
The Consumer Price Index rose 2.8
percent from 1966 to 1967, after rising
2.9 percent the preceding year (chart
21). Although these increases were comparable in size, their composition was
quite different. Consumer food prices
increased very little last year after a
5-percent advance in 1966 as an increase
in restaurant prices more than offset a
small decline at grocery stores. However
prices of nonfood commodities—both
durable and nondurable—rose sharply
in 1967, and the uptrend in prices of
consumer services accelerated further.
The rate of rise in the overall level
of consumer prices slowed a little in the
early part of 1967 as food prices dipped.
The advance accelerated thereafter as
food prices turned up, and the advance
in prices of nonfood commodities and
services as a group showed some
acceleration.
The year-to-year rise of 1% percent
in the prices of consumer durable
goods was a noteworthy development.
From 1963 to 1966, these prices had
changed very little on balance, as prices
of new cars and household appliances
edged down and prices of used cars
moved irregularly higher. Prices of
new cars were boosted at the introduction of the 1968 models, the first rise
of any consequence (after allowance
for quality change) since the 1959
models were brought to dealer showrooms. Prices of used cars, which had
declined in the second half of 1966,
turned up last winter and rose steadily
to new highs in the summer and fall,
when stocks of new cars were relatively
low. The rise in prices of household
durable goods reflected increases for
household furniture, 1968 model color
television sets, and certain household
appliances.
Prices of consumer nondurables other
than food had been rising slowly until
recent years, but the advance accelerated in 1966 and speeded up further
SURVEY OF CURRENT BUSINESS
last year. For the full year, prices
averaged more than 3 percent above
1966, climbing rapidly toward yearend.
Apparel prices rose 4 percent over 1966,
and there were sizable advances for
tires and gasoline and fuel oil.
Prices of consumer services rose
nearly 4^ percent in 1967, for the
largest annual increase since the early
postwar period. As in 1966, the advance
in prices of medical care services—
8% percent—far outdistanced the increases for other services. Prices of
household services excluding rent were
up 4% percent from 1966, and "other"
services rose nearly 4 percent.
23
fresh fruits and vegetables as a group
remained below prices of a year earlier.
Despite the declines in farm prices
of grains and produce, retail prices of
cereals and bakery products were unusually stable during 1967 as were
prices of fruits and vegetables. Both
groups had shown modest increases
the year before. Prices of dairy products
were up considerably on the average
but rose slightly within the year.
CHART 21
Consumer Prices
Farm and food prices lower
After rising more than 10 percent
from 1964 to 1966, wholesale prices of
farm products, processed foods, and
feeds declined 3% percent last year;
prices of foods in retail stores, which
had risen at an averge of 3% percent
per year from 1964 to 1966, edged down
by about one-half of 1 percent in 1967.
The 1967 reductions, attributable primarily to substantially larger supplies
of meats, poultry, and grains, provided
partial offsets to the sizable increases
in other components of the wholesale
and consumer price indexes.
The largest price decline among farm
commodities last year occurred for
livestock and live poultry. For the full
year, livestock prices were 8 percent
below 1966, mainly because of increased
supplies in the spring. Poultry prices
dropped sharply when broiler supplies
expanded last summer and averaged
nearly 9 percent lower for the year.
At the retail level, prices of meats and
poultry fluctuated within a fairly narrow range and for the year were 2%
percent under 1966 after a rise of 15
percent from 1964 to 1966.
Bumper grain crops in 1967, especially of corn and wheat, depressed
prices well below year-earlier levels; at
yearend, for example, wheat was selling
around $1.50 per bushel as compared
with $1.80 at the end of 1966. For the
year as a whole, prices of grains
averaged 5 percent below 1966. For
most months of 1967, farm prices of
®Rise in food prices abated
• Other prices up sharply
Percent
6
ALL ITEMS
4
iiiiilII
2
0
-2
5.7
1955
6
59
61
63
65
67
FOOD
4
2
0
-2
4
•••••I
i t
NONDURABLE COMMODITIES LESS FOOD
2
0
4
-DURABLE COMMODITIES
2
0
-2
SERVICES
1955
illnmil
57
59
61
63
65
Change From Previous Year
ata: BLS
U.S. Department of Commerce, Office of Business Economics
68-1-21
SURVEY OF CURRENT BUSINESS
24
Financial Developments in 1967
IN 1967, financial markets were characterized by contrasting
trends.
Throughout most of the year, the
Federal Keserve System followed an
expansionary monetary policy, and
bank reserves, bank credit, and bank
deposits grew at very rapid rates. At
the same time, financial markets were
strained by extraordinary credit demands from corporations and State
and local governments, which issued a
record volume of new securities, and
from the Treasury, which undertook
CHART 22
Interest Rates and Bond Yields
Money market rates remain below last year's
highs but most long-term yields are above
' INTEREST RATES?
Prime Comitfe&ial 'Paper
;;New;iHorne FHA-Mortgages
1965
1966
1967
Data:
U.S. Department of Commerce, Office of Business Economics
FRB, FHA, Moody's & Treas.
68-1-22
the financing of the largest Federal
deficit in the postwar period. Consequently, despite the stimulative credit
policies of 1967, interest rates and bond
yields rose sharply, the latter reaching
their highest levels in decades (chart 22).
Stimulative monetary policy
After its restrictive stance of 1966,
the Federal Reserve System was quick
to adopt an expansionary credit policy
in response to the slowdown in economic
activity at the end of 1966 and early
1967. To this end, the System employed
all of its major tools of control.
Starting early in the year, it made
substantial net open market purchases
of U.S. Government securities. In
March, it reduced—from 4 to 3 percent—the reserves required on passbook
savings deposits and on the first $5
million of time deposits at member
banks. In April, the Federal Reserve
Banks reduced the discount rate from
4% to 4 percent. The results of these
actions were strongly expansionary,
and the reserves of member banks—
the base for money and credit expansion—increased markedly.
This expansionary monetary policy
continued during the summer and into
the fall. However, toward the end of
the year, when it became clear that
Congress would not take action in 1967
on the President's tax proposals, the
monetary authorities were confronted
with a dilemma. The acceleration of
price increases in a setting of rising
business activity and added problems
for the balance of payments subsequent to Britain's devaluation clearly
indicated the need for some modification of the credit expansion. But with
financial markets already under strain,
any strong movement toward tighter
credit could easily accelerate the rise
in interest costs and intensify the pressures on savings intermediaries, mortgage markets, and homebuilders.
January 1968
An advance start toward a less
stimulative credit policy was made
late in November, when the Reserve
Bank discount rate was raised to 4%
percent. Although this action was
primarily a response to Britain's devaluation of the pound and the hike
in the British bank rate from 6% to
8 percent, it also served to bring the
discount rate into better alignment
with other short-term rates. On December 27, the System offered a positive
sign that it was moving in the direction
of less credit expansion when it raised
the reserves that member banks must
hold against demand deposits. The increased reserve requirements—from 16%
to 17 percent at reserve city banks and
from 12 to 12% percent for other
member banks—applied to demand
deposits in excess of $5 million at each
bank. This increase, the first against
demand deposits since late 1960, was
estimated to absorb $550 million in
reserves. Although it is customary for
the Federal Reserve System to take
reserves away from member banks
after the needs of the Christmas season
have been met, this is normally done
through open market sales of U.S.
securities. In the present situation,
the choice of a reserve requirement
change probably reflects two considerations : an opportunity to signal the
Fed's intention of moving toward less
credit expansion and an attempt to
absorb reserves with the least impact
on interest rates.
Bank credit and deposits up
The ready availability of reserves in
1967 permitted an increase of nearly
11 percent or $34 billion in commercial
bank credit, the largest annual rise in
the postwar period (chart 23). With
business activity sluggish for a good
part of last year and with most sectors
of the economy placing a high premium
on rebuilding liquidity, demands for
short-term loans were moderate
throughout most of the year. Consequently, the major part of the expansion in bank credit occurred in the
investment component. Bank loans
increased about 8 percent over the year
while investment holdings rose about
January 1968
18 percent. This pattern of expansion
in bank credit is in sharp contrast to
the experience of 1961-66 when loans
grew substantially more than security
holdings. Nevertheless, it is a usual
pattern for periods when credit policy
swings sharply from restraint to ease.
The growth in money supply and
time deposits was also unusually strong
during 1967. Money stock (currency
and demand deposits) advanced 6%
percent as compared with a 2-percent
increase in 1966 and an average annual
rise of 3.5 percent from 1961 through
1965. Time deposits at commercial
banks grew at an annual rate of 16
percent, close to the postwar period
record in 1962.
Financing costs
After a brief and moderate decline
from the late summer of 1966, long-term
interest rates began to rise by the
spring of 1967. The firming of long-term
rates early in the year related mainly
to pressures exerted in capital markets
by the unusually heavy offerings of
corporate and State and local securities.
These sectors apparently came to
market shortly after the beginning of
the year to take advantage of the
easing in financing costs, to make up
for retrenchments imposed by unreceptive markets in 1966, and to
cushion themselves against the prospects of credit shortages later in the
year. Once begun, the rise in capital
market rates continued virtually uninterrupted through the year's end,
and the levels reached surpassed by
wide margins those established during
the height of the credit restraint in 1966.
Reflecting the rapid monetary expansion, short-term rates declined
sharply during most of the first half of
1967. However, mainly because of the
Treasury's huge financing requirements,
money market rates turned about by
midyear and rose sharply during the
second half. Short- and intermediateterm rates received an added upward
push in late November when the.
Reserve Bank discount rate was raised
subsequent to Britain's devaluation of
the pound sterling.
25
SURVEY OF CURKENT BUSINESS
slightly larger than in 1966, cash flow
declined a little, as the rise in depreciaAfter the severe contraction in 1966, tion allowances was offset to a considersavings and loan associations and able extent by the decline in retained
mutual savings banks benefited from earnings. In addition, demands for
near-record saving flows during the funds were intensified by the need to
first three quarters of 1967. Generally meet the unusually large second quarter
easier credit conditions and an espe- tax liability that resulted from the comcially high rate of personal saving pro- pletion of the accelerated tax payment
duced a marked improvement in net schedule. Also, the demand for longinflows to thrift institutions from the term credit reflected the need to rebeginning of the year. However, partly build liquidity positions, which had
because of the concern over liquidity deteriorated sharply in 1965 and 1966.
positions and partly because the de- Finally, anticipatory borrowing unmand for mortgage loans was sluggish, doubtedly played an important role in
the improvement in saving flows was credit market developments during
not reflected in mortgage lending activ- the year as most market forecasts
ity until spring. Mortgage lending called for an acceleration in economic
picked up sharply in the second quarter activity and a return to credit shortand rose again in the third, playing a ages in late 1967 and in 1968.
central role in last year's housing
recovery.
CHART 23
During the fourth quarter, as shortand intermediate-term rates rose
Money and Credit Developments
sharply, thrift institutions again faced
With
a shift to expansionary monetary policy
the possibility of a shift of funds from
in
1967,
MEMBER BANK BORROWING declined
saving type deposits to higher yielding
market securities. In November, sav- Billion $
ings and loan associations experienced
a tapering off in net saving flows, and
concern mounted over the prospects
of a large shift of funds in early January 1968 following the close of the
fourth quarter dividend period.
Thrift institutions improve
BANK CREDIT expanded sharply,
Corporate financing
The exceptionally strong demands in
capital markets last year were largely
attributable to the corporate sector.
Corporate bond offerings were unusually heavy from the start of the
year and set new records in each of the
first three quarters; on the basis of
incomplete data, offerings apparently
continued very heavy in the fourth
quarter. For the year as a whole, gross
proceeds from bond offerings are expected to amount to nearly $22 billion
(chart 24). This compares with the
previous records of $15.6 billion in 1966
and $13.7 billion in 1965. The extraordinary reliance on long-term external
financing in 1967 was related partly to
the fact that there was still a large gap
between fixed investment requirements
and internally generated funds. Although fixed investment was only
Billion $ Change
as did MONEY SUPPLY .
16
and TIME DEPOSITS
1963
1964
1965
U.S. Department of Commerce, Office of Business Economics
1966
1967
SURVEY OF CUEKENT BUSINESS
26
Strong rise in consumer saving
Against a background of rising disposable income, consumers increased
their saving rate in 1967, and personal
saving showed a substantial advance.
Saving rose nearly $9 billion and
amounted to a record $39 billion last
year or 7 percent of disposable personal
income—the highest saving ratio since
1958.
Although consumers increased their
use of installment credit in 1967, the
net addition to such indebtedness was
the smallest since 1961. Credit extensions were sluggish, declining in the
CHART 24
Corporate Bond Offerings
Billion $
25
GROSS PROCEEDS
15
first quarter but rising over the remainder of the year. ^Repayments rose
steeply over the first three quarters
and (on the basis of 2 months7 data)
apparently tapered off in the fourth
quarter. Through November, the net
change in installment credit (extensions
minus repayments) rose at a seasonally
adjusted annual rate of only $3.3 billion.
This compares with advances of $6
billion for the full year 1966 and $8
billion for the record year 1965. While
last year's slackness in credit use
extended to all components of installment credit, it was particularly pronounced in the automobile component—a reflection of the weakness in
auto demand.
Besides increasing their saving, individuals changed the composition of
their investment portfolios. In 1966,
individuals responded to high interest
rates by a massive shift from near-cash
assets to market securities. In the first
three quarters of 1967, this process was
reversed. The largest part of this shift
from securities occurred in the first half
of the year, and with the accelerated
rise in interest rates, the shift may have
ended or even reversed itself after the
summer months.
10
Rise in Government deficit
1958
59
60
61
62
63
64
65
66
67*
*Estimated
U.S. Department of Commerce, Office of Business Economics
68-1-24.
The Federal budget was highly
stimulative during calendar year 1967
as a rapid growth in expenditures and
lower-than-expected revenues combined
to produce a $12.6 billion deficit,
measured on the national income accounts basis. The deficit rose from a
January 1968
$3.3 billion annual rate in the fourth
quarter of 1966 to $11.9 billion in the
first quarter of 1967 and to a peak
second quarter rate of $14.7 billion;
however, it narrowed a little in the
second half of the year. The increase in
the deficit during the first half of the
year served as a needed stimulus to the
economy, which was being depressed
by the severe cutback in inventory
investment.
In spite of the sharp increase in the
deficit early in the year, the Federal
Government did not increase its demands on financial markets until the
second half of 1967. In fact, mainly by
utilizing the large inflow of funds that
resulted from the completion of the
speedup of corporate tax payments
and by running down its cash balance,
the Treasury was able to make sizable
reductions in the publicly held debt
during the first half of the year.
However, beginning early in the third
quarter, this situation was reversed,
and the Treasury returned to financial
markets as a large borrower of funds—
a development reflected in the sharp
rise in short- and intermediate-term
interest rates.
During 1967, expenditures of State
and local governments continued their
long-run rise, but some slowdown in
revenue growth emerged and budget
surpluses were reduced. States and
localities borrowed record amounts last
year. Additions to indebtedness were
highest in the first quarter; they eased
slightly in the second quarter and more
noticeably during the second half of
the year.
The Balance of Payments in 1967
J.HE U.S. balance of payments,
measured on the liquidity basis, was
adverse by about $500 million in each
of the first two quarters of 1967, and
deteriorated slightly to about $600
million in the third quarter. Preliminary data indicate a further, sharp
deterioration to about $2.0 billion in
the fourth quarter. However, if the
effect of special financial transactions
and of erratic movements in other
transactions are taken into account,
the balance in each of the first three
quarters was adverse by about $1.0
billion, and the deterioration in the
fourth quarter was much less than the
unadjusted figure would suggest.
For the year as a whole, the balance
measured on the liquidity basis deteriorated from 1966 by well over $2.0
billion, but the deterioration was less
pronounced—about $1.5 billion—if adjustments for special financial transactions are made. Similar adjustments
indicate that the worsening of the
balance reached back into 1965.
Increased military expenditure in
Southeast Asia was a major factor
contributing to the weakening in the
balance of payments in 1967. The
adverse impact from the slowdown in
the business expansion abroad was
much more pronounced in 1967, retarding the growth in U.S. merchandise
exports.
In contrast, domestic demand pressed
less heavily on domestic productive capacity; this situation contributed to an
interruption in the first three quarters
of 1967 of the rapid rise in imports that
had occurred in the 2 preceding years.
However, another upsurge in imports
developed in the last quarter of the
year. Some adverse effects from the
heavy demand pressures during 1965
and 1966, particularly the rise in domestic costs and prices and the increased penetration of domestic markets by foreign products, probably continued to influence imports in 1967 and
offset the effect of eased supply conditions during most of the year.
The slower pace in domestic activity
and the expansionary credit policy of
the Federal Reserve thus contributed
to a major increase in capital outflows,
especially through bank loans and purchases of newly issued foreign securities.
Attention to the U.S. balance-ofpayments situation and its relation to
the world monetary system was greatly
intensified by the crisis of the British
pound, which culminated in its devaluation on November 18. Even before
that date, worldwide demand for gold
had increased, and the rise accelerated
strongly in the following weeks. In
order to dampen that demand, the
United States and other members of the
London gold pool supported the market
by selling gold and pledged their full
resources to maintain the price of gold.
The U.S. gold stock declined during
the fourth quarter by about $1.0 billion,
the largest loss since the first half of
1965.
New balance-of-payments program
' CHART 25
U.S. Balance of International Payments
BALANCE ON •
OFFICAL RESERVE
TRANSACTIONS BMIS
1964
65
66
67*
1964
*Estimated
U.S. Department of Commerce, Offiue of Business Economics
65
66
67*
In order to strengthen confidence in
the ability of the United States to
maintain the free convertibility of the
dollar and its present gold value, extraordinary measures were required to
improve the balance of payments.
On January 1 of this year, the President invoked a special authority under
the Banking Laws to establish a mandatory program, to be administered by
the Department of Commerce, to curtail capital outflows through direct
investments. A moratorium was placed
on direct investment capital outflows
to continental Western Europe and
South Africa (schedule C countries);
in other developed countries and certain oil-producing countries (schedule
B countries), net new investments,
including capital outflows from the
United States and reinvested earnings,
were limited to 65 percent of the 1965-
27
28
SUEVEY OF CUEEENT BUSINESS
66 average; and in developing countries
(schedule A countries), these were
limited to 110 percent of the 1965-66
average. The program also requires
foreign business earnings to be repatriated in at least the same proportion as the 1964-66 average. In schedule
C countries, the amount reinvested
may not, in any case, exceed 35 percent
of the 1965-66 average of new capital
outflows plus reinvested earnings. In
CHART 26
International Transactions of
the United States
Errors and Omissions
Increase in U.S.
Private Assets
Abroad, Net
Gov't Grants and
Net Capital Flow
20 —
10 —
Increase in Nonliquid
Foreign Assets in
U.S., Net
Exports of
Services
10
-
1965
1966
1967*
1. Includes private remittances and unilateral transfers.
*Jan.-Sept. data, seasonally adjusted at annual rate.
U.S. Department of Commerce, Office of Business Economics
1966, foreign direct investment through
capital outflows and reinvested earnings covered by this program totaled
$4.2 billion; the ceilings for 1968
would reduce that amount to about
$2.6 billion. Direct investors are also
required by June 30, 1968, to reduce
liquid foreign balances to an amount
not more than the average of the
end-of-month amounts during 1965
and 1966.
The Federal Eeserve Board also
announced revised guidelines designed
to reduce outstanding bank loans by at
least $500 million during 1968. The
new ceiling set for 1968 will, in general,
be 103 percent of the amount of foreign
credits outstanding on December 31,
1964. Term loans to developed countries of continental Western Europe
are not to be renewed at maturity nor
are repayments of such loans to be lent
back to that area. Outstanding shortterm loans in continental Western
Europe are to be reduced during 1968
by 40 percent of the amount outstanding on December 31, 1967, at a rate of
not less than 10 percentage points per
quarter.
Furthermore, the President announced
that he will propose new legislation to
limit unnecessary travel outside the
Western Hemisphere and that he will
take special steps to achieve further
reductions in Government expenditures
abroad. Other measures announced by
the President included a greatly intensified program of export promotion and
a program to improve export credit
facilities.
Goods and services
The balance on goods and services
improved strongly in the first quarter
of 1967 and maintained that higher
rate in the next two quarters, only to
fall off again in the fourth. For the
year as a whole, it was about the same
as in 1966.
The first quarter improvement was
due mainly to the rise in merchandise
exports, excluding military shipments.
However, there was no further significant rise in nonmilitary merchandise
exports during the remainder of the
year. For the year as a whole, nonmilitary merchandise exports were
about $30.7 billion, roughly $1.5 billion
January 1968
more than in 1966. The year-to-year
increase was only half as large as in the
preceding year.
Eeceipts from military sales, services
transactions, and investment income
rose about $1.0 billion from 1966 to
1967, approximately as much as from
1965 to 1966.
Merchandise imports reached a peak
in the last quarter of 1966, fell off
slightly during the two middle quarters
of 1967, but rose substantially in the
fourth. For the full year, imports
totaled about $26.7 billion, about $1.2
billion more than in 1966. The increase
in the last quarter of 1967 was an
important factor in the deterioration
in the balance on goods and services
in that period. Major factors contributing to the rise in imports in the fourth
quarter may have been increased purchases of steel to build up supplies as a
hedge against the possibility of a strike
in the domestic steel industry in 1968,
and increased purchases of copper to
offset shortages in domestic supplies
resulting from the strike that started in
the summer of 1967.
Military expenditures abroad may
have risen nearly as much in 1967 as
in the preceding year, but travel
expenditures may have increased about
$500 million, as compared with $200
million in 1966. The much greater
increase in 1967 was due to U.S. visits
to the Centennial Exposition in
Montreal.
Unilateral transfers other than
Government grants increased about
$300 million from 1966. This rise
reflected in part special remittances to
Israel immediately after the war in the
Middle East and in part special transfers by the Government to settle
certain claims arising from World
War II.
Government transactions
Data on Government grants and net
capital flows are available only for
the first three quarters of the year.
During that period, they were at an
annual rate that was $800 million higher
than in preceding year. More than
half of this increase reflected the
absence of receipts from advance debt
repayments, which had mounted to
over $400 million in 1966. Much of
January 1968
the remaining rise was in ExportImport Bank credits, including credits
to finance foreign purchases of U.S.
military equipment.
U.S. private capital flows
The movement of U.S. private capital
cannot yet be estimated for the fourth
quarter, but data through the third
quarter point to a substantial expansion in capital outflows during the
course of the year. The increase was
primarily in bank loans, which shifted
from net liquidations in the first
quarter to rising outflows in the second
and third. There was also a substantial
increase in U.S. purchases of both
newly issued and outstanding foreign
securities. The net outflow of U.S.
corporate funds, including direct investments and other corporate claims
(net of funds borrowed abroad through
the issue of new securities and net of
changes in other liabilities), was at an
annual rate of approximately $2.1
billion during the first three quarters
of 1967, considerably below the net
outflow of $2.9 billion in 1966. This
decline may in part reflect the slower
expansion of business abroad, but it
SUEVEY OF CUEEENT BUSINESS
was also the result of the cooperation
of business firms with the Government
under the voluntary program to restrain capital outflows.
The total outflow of U.S. private
capital, net of corporate borrowing
abroad and of other corporate liabilities, increased from nearly $700 million
in the first quarter to about $940 million
in the second and to nearly $1.4 billion
in the third. For the three quarters as a
whole, the annual rate was about $4.0
billion as compared with $3.1 billion
in 1966.
Foreign capital flows
The rise in U.S. capital outflows was
partly offset by the rise in the inflow of
foreign capital through purchases of
U.S. corporate securities (other than
those sold by U.S. corporations to
finance their foreign investments) and
to a smaller extent, through foreign
direct investment in the United States.
This capital inflow rose from about $90
million in the first quarter to well over
$400 million in the third. For all three
quarters, it exceeded $1.0 billion at an
annual rate, substantially more than
the $400 million inflow in 1966.
29
Changes in balances
The U.S. balance of payments, measured on the liquidity basis, may have
been adverse by between $3.5 billion
and $4.0 billion for 1967 as a whole,
and may have been slightly less adverse
when measured on the official reserves
transactions basis. In 1966, the balance
measured on the liquidity basis showed
a deficit of $1.4 billion, while the
balance measured on the official reserve transactions basis showed a surplus of about $200 million.
The fourth quarter deterioration in
the balances cannot be fully explained
on the basis of data presently available. Aside from the rise in merchandise
imports, mentioned earlier, major factors now known include the absence of
major foreign purchases of long-term
certificates of deposit, which had improved the liquidity balance in the final
half of the year, and the liquidation by
the British Government of its security
portfolio, which had adverse effects of
about $500 million on both the liquidity
and the official reserve transactions
balances.
Personal Income Rises in all Regions in Third Quarter
JT ERSONAL income rose 2 percent in
the third quarter of 1967 after a 1-percent rise in the second. The increased
pace of the income expansion showed
up in six of the eight regions and in 33
of the 5.1 States as income in most
industries rose at a faster rate in the
summer than in the spring. Geographic
1 CHART 27
Regional Changes in Personal Income
The accelerated third quarter gain in
personal- income. . .
Percent Change
1
2
1
UNITED STATES
I
H-1967-EH967
H967-E-1967
was pronounced in two regions. . .
Great Lakes
Plains
and more moderate in four
Far West
New England
Southeast
Mideast
The rate of increase slackened in two regions
Rocky Mountain
Southwest
U.S. Department of Commerce, Office of Business Economics
30
58-1-27
differences in the rate of income change contrast, third quarter income dipped
in the third quarter stemmed mainly in six States (New Mexico, Mississippi,
from developments in three major North Dakota, Alaska, Colorado, and
industries—manufacturing, agriculture, Utah) and was little changed in Arizona
and Nevada. In seven of these eight
and mining.
States,
the poor third quarter performThe largest third quarter gainsance
is
traceable to special developmore than 2K percent—were registered
ments
in
farming and/or mining.
in the Great Lakes and Plains States,
which had been the slowest growing
areas in the previous quarter (chart 27). Great Lakes and Plains
For the country as a whole, payrolls
These top-ranking income advances reflected the direct and indirect effects of in durable goods manufacturing inan upsurge in manufacturing payroll dustries had declined from the first to
disbursements from the second to third the second quarter as the demand for
quarter. In contrast, a prolonged copper durable goods weakened; on a regional
strike that began early in the quarter, basis, the most pronounced decline in
and regional declines in farm income payrolls and the smallest rise in total
slowed the rate of income expansion in income occurred in the Great Lakes
the Rocky Mountains and the South- region, where durable manufactures
west. With changes in manufacturing, are especially important. The third
farming, and mining more moderate, quarter recovery in durable goods caused
or with these industries accounting for exceptionally large payroll gains (twice
a comparatively small proportion of the national average) in the Great
the regional economy, third quarter Lakes and Plains, which therefore
personal income gains in the Far West, experienced the topranking advances
New England, and the Southeast were in total income.
The third quarter spurt in personal
fairly close to the national average.
In addition, the income acceleration income in the Great Lakes region
from the second to the third quarter accounted for three-tenths of the nain each of these regions approximated tional advance, although the States of
the national average. The third quarter this area receive just over one-fifth of
income gain in the Mideast was well all income iij the Nation. Within the
below the national pace and about the region, third quarter personal income
same as the gain in the previous gains were above the national average
in each of the five States, with the
quarter.
Third quarter personal income in- largest—about 3% percent—in Michigan
creases of 3 percent or more were and Wisconsin.
In contrast, developments within the
scored in the nine widely separated
Plains
region were mixed, with income
States of South Dakota, Florida, Washington, Nebraska, Vermont, Minnesota, expanding rapidly in three States, at
Wisconsin, Michigan, and Wyoming. average rates in two, slowly in Iowa,
Each of these registered very large and declining in North Dakota. Outgains in agricultural earnings and/or in side the Great Lakes and Plains,
durable manufacturing payrolls. In sizable increases in hard goods manufacturing activity were responsible for
NOTE.—The estimates of quarterly State personal income large third quarter income gains in
were prepared in the Regional Economics Division by
Delaware, Missouri, and Washington.
Marian B. Sacks and Q. Francis Dallavalle.
SURVEY OF CURRENT BUSINESS
January 1968
31
Table A.—-Quarterly Total Personal Income, by States and Regions
[Millions of dollars, seasonally adjusted at annual rates]
It 64
State and region
IS 65
It 66
Percent
change,
1967
1967
I
II
III
IV
I
II
III
IV
I
II
III
IV
I
II
III
United States
481, 998
490,054
499, 441
507, 767
517,370
527, 159
541, 524
552,805
564, 398
573, 803
585, 578
597, 690
607,247
613,339
625,382
New England
30,547
31, 055
31 612
32, 278
32 460
33 189
33 971
34 648
35 268
35 947
36 641
37 781
38 110
38, 465
39 129
1.7
2,034
1,569
2,072
1,594
2,100
1,624
2,189
1,641
890
2,253
1,700
866
2, 211
1,666
2 292
1,766
2,330
1,794
2,390
1,873
1 042
2,438
1,913
1 074
2, 496
1,980
1 120
2,529
2,016
1,138
2,534
2,037
1 128
2,608
2,089
1 172
2.9
2.6
39
15, 052
2,276
8,786
15,289
2,326
8,929
15, 536
2,376
9 110
15, 838
2,426
9,294
15, 830
2,426
9 426
16, 176
2,453
9 682
16, 734
2,568
9 643
16, 876
2,581
10 072
17, 222
2,646
10 174
17, 472
2,694
10 476
17, 752
2,743
10 721
18, 243
2,831
11 111
18, 516
2,869
11 042
18, 735
2,847
11 184
19, 003
2,926
11 331
1.4
2.8
13
117, 613
119,565
121 959
123, 732
125 179
127 009
130 585
132 461
135 045
137 150
139 036
142 437
145 383
147, 128
149 059
13
. _ 54, 942
20, 046
28, 939
55, 736
20, 327
29, 581
56, 731
20 729
30 218
57, 205
21, 087
30, 842
58, 026
21 346
30 974
58, 762
21 769
31 408
60,274
22 479
32 304
61, 122
22 766
32 775
62, 255
23 198
33 523
63, 179
23 562
34 047
63, 936
23 802
34 662
65, 286
24 492
35 493
66, 919
24 966
35 961
67, 911
25 308
36, 115
68, 873
25 403
36 646
1.4
4
15
1 500
9,398
2,788
1 522
9,606
2, 793
1 578
9 854
2,849
1 600
10 145
2,853
1 629
10 326
2 878
1 651
10 510
2 909
1 711
10 822
2 995
1 754
10 987
3 057
1 774
11 199
3 096
1 795
11 431
3 136
1 816
11 646
3 174
1 854
11 995
3 317
1 893
12 316
3 328
1 903
12 491
3 400
1 959
12 695
3 483
29
16
24
101, 759
103, 610
106,049
107, 699
110, 969
113, 383
116 079
119 798
121, 503
123 231
126 787
128 688
130, 568
130,773
134, 309
27
21, 979
26 097
12 240
22, 464
26 482
12 425
23 070
27 135
12 749
23, 285
27 565
12 894
24 328
28 248
13 470
25 059
28 686
13 828
25 516
29 402
14 155
26 788
30 194
14 670
26 752
30 826
14 840
27 204
31 250
15' 019
28 254
31 991
15 433
28 523
32 601
15 622
28 222
33 123
15 994
28 898
33 056
15 827
29 868
33 848
16 184
34
24
23
31, 308
10, 135
31,915
10, 324
32, 575
10, 520
33, 179
10, 776
33, 926
10, 997
34 609
11, 201
35 504
11 502
36 449
11, 697
37 073
12, 012
37 611
12 147
38 516
12 593
39 135
12, 807
40 204
13, 025
40, 006
12, 986
40 954
13, 455
2 4
36
37, 205
37 537
38 160
38 903
40 007
41 332
42 582
43 444
44 221
44 718
45 739
46 710
47 254
47 438
48 654
26
8,478
6 519
8,553
6 550
8,650
6 667
8,803
6 860
9,093
7 071
9,368
7 450
9 706
7 693
9 825
7 873
10, 059
8 022
10 174
8 148
10 528
8 320
10 730
8 542
10, 897
8 595
10, 959
8 674
11, 379
8 767
38
11
10, 800
1,262
10, 905
1, 256
11 116
1,290
11 267
1 340
11 528
1 412
11 802
1 488
12 118
1 541
12 446
1 558
12 599
1,560
12 694
1 519
12 941
1 509
13 179
1 539
13 562
1 620
13 543
1,557
13 839
1 538
22
—1 2
1 327
3 402
1 282
3 447
1 319
3 505
1 347
3 579
1 427
3 663
1 493
3 809
1 562
3 881
1 568
3 987
1 633
4 049
1 640
4 098
1 637
4 250
1 661
4 322
1 664
4 292
1 667
4 280
1 788
4 447
73
39
Kansas
5, 417
5,544
5 613
5 707
5 813
5 922
6 081
6 187
6 299
6 445
6 554
6 737
6 624
6 758
6 896
20
Southeast.
79 138
80 466
81 988
83 945
85 803
87 277
90 099
91 953
94 447
96 443
98 555
100 484
101 727
103 261
105 304
2o
9 554
3 362
6 000
9 754
3 418
5 894
10 049
3 475
5 955
10 252
3 563
6*060
10 416
3 592
6 256
10 534
3 649
6 436
10 900
3 746
6 633
11 072
3 783
6 730
11 335
3 862
6 899
11 497
3 854
7 007
11 680
3 955
7 264
12 016
4 075
7 391
12 340
4 119
7 490
12 457
4 118
7 610
12 624
4 207
7 692
13
22
1i
6, 982
9,029
4 141
7,043
9,233
4 224
7 192
9 335
4 290
7 348
9 700
4 446
7 595
9 895
4 516
7 694
9 992
4 624
7 962
10 282
4 850
8 132
10 458
4 949
8 335
10, 913
5 134
8 550
11 205
5 260
8 711
11 462
5 388
8 843
11, 682
5 443
9 132
11, 579
5 492
9 134
11, 788
5 538
9,274
12, 119
5 670
15
28
24
8 365
12 552
5 892
8 534
12 862
6 016
8 748
13 084
6 162
8 922
13 410
6 319
9 185
13 626
6 510
9 374
13 882
6 605
9 647
14 337
6 781
9 594
14 661
6 890
10 195
14 885
7 053
10 476
15 195
7 226
10 646
15 681
7 290
10 973
15 856
7 437
10 899
16 061
7 565
11 144
16 560
7 567
11 438
17 275
7 655
26
43
12
3, 366
6 597
3 298
3,389
6 737
3 362
3 444
6 846
3 408
3 490
6 964
3 471
3 585
7 135
3 492
3 678
7 280
3 529
3 812
7 544
3 605
3 911
7 729
3 684
4,039
7 935
3 862
4 185
8 082
3 906
4 142
8 368
3 968
4 237
8 547
3 984
4 244
8 713
4 093
4,374
8 824
4 147
4 237
8 956
4 157
—3 1
15
2
Maine__
New Hampshire
Vermont
__ __
Massachusetts..Rhode Island
Connecticut
830
__ __
Mideast _
New York
New Jersey
Pennsylvania _
Delaware
Maryland
District of Columbia
Great Lakes.
Michigan __ __
Ohio »
Indiana
Illinois
Wisconsin
-.
PlainsMinnesotaIowa
Missouri __ .
North Dakota... _.
South Dakota
Nebraska
Virginia
West Virginia
Kentucky
Tennessee
North Carolina
South Carolina
...
Georgia
Florida
Alabama
Mississippi
Louisiana
Arkansas .
Southwest
845
901
925
968
995
2,361
1,836
1 029
II-III
2.0
32 939
33 661
34 261
34 782
35 358
36 074
36 996
37 692
38 778
39 399
40 217
41 084
41 500
42 413
43 084
16
Oklahoma _
Texas
5 095
22 334
5 186
22 862
5 250
23 312
5 343
23 668
5 484
24 030
5 571
24 553
5 734
25 198
5 856
25 688
5 996
26 475
6 007
26 973
6 126
27 592
6 258
28 190
6 384
28 434
6 426
29 110
6 536
29 766
17
23
New Mexico _
Arizona
2 064
3 446
2 101
3 512
2 138
3 561
2 159
3 612
2 191
3 653
2 244
3 706
2 314
3 750
2 316
3 832
2 354
3 953
2 388
4 031
2 376
4 123
2 436
4 200
2 460
4 222
2 500
4 377
2 403
4 379
39
Rocky Mountain
10, 930
11, 007
11 121
11 281
11 504
11 650
11 985
12 237
12 407
12 564
12 668
12 913
13 297
13 348
13 359
.1
Montana
Idaho -_
Wyoming. _ _ _
1 581
1 422
1 580
1 437
1 599
1 468
1 610
1 520
1 652
1 620
1 684
1 624
1 732
1 691
1 780
1 718
1 789
1 744
1 828
1 726
1 864
1 696
1 882
1 732
1 882
1 802
876
904
1 906
1 764
1 925
1 794
880
933
10
17
3.1
820
Colorado
Utah.. _ _
_
Far West
Washington
Oregon. _
Nevada
California
Alaska.1
Hawaii
1
_
_
__
821
828
836
840
845
858
860
878
905
4,918
2 189
4,946
2 223
5 017
2 209
5,065
2 250
5 090
2 302
5 181
2 316
5 348
2 368
5 464
2 417
5 569
2 445
5 662
2 470
5 720
2 508
5 840
2 583
6 036
2 673
6 096
2 677
6,049
2 658
-.8
_ 7
69 266
70 485
71 549
72 359
73 288
74 414
76 307
77 610
79 654
81 285
82 816
84 321
86 142
87 232
89 198
2.3
7 941
4 792
8 025
4 870
8 129
4 987
8 242
5 034
8 346
5 215
8 468
5 275
8 766
5 402
8 949
5 524
9 325
5 593
9 553
5 733
10 014
5 732
10 284
5 892
10 398
5 928
10 412
6 033
10 852
6 107
4 2
12
1 328
55, 205
1 335
56, 255
1 373
57, 060
1 389
57, 694
1 406
58,' 321
1 425
59,246
1 448
60 691
1 452
61,685
1 502
63,234
1 506
64 493
1 498
65, 572
1 521
66 624
1 592
68, 224
1 589
69, 198
1 589
70, 650
2.1
939
930
2, 342
2,356
-1.0
.6
750
769
1,851
804
833
1,899
1,938
1,955
830
846
1,972
1,985
Revised.
NOTE.—Quarterly totals for the State personal income series will not agree with the personal
income measure carried in the national income and product accounts since the latter includes
846
o
858
872
869
885
2,062
2,090
2,206
2 181
902
2,217
963
940
2,309
2,326
income disbursed to Government personnel stationed abroad.
Source: U.S. Department of Commerce, Office of Business Economics.
U. S. GOVERNMENT PRINTING OFFICE : 1968 O - 285-347
o
TAILORED
to help business...
BUSINESS
/£Jx SERVICE
V5/HECKLIST
MAJtCN M. 1944
A Weekly Gvid* to
U.S. Dtpartment of Comment
Pvblieatwn»...phuKty
Business Indicators,
K«y BadutiBg fKtS on the largest Standard Metropolitan Statistical
Areas have been assembled in new easy-to-use tables.
The first of -nine regional volumes is now in print:
O Facto for Marketers, Middle Atlaatk Ragka. Business and Defense Services
Administration. 20 SMSA's in New York, New Jersey, and Pennsylvania.
84 pages. 60 cents.
Offte« of tfo Stcratary
O BeBorki by Secretary of Commerce Connor be/on,
the 6th Annual Government Relation* Worksho ,
Program of the National Newspaper Association
Department of Commerce. Washington, D. C., Mai
18.
O Nation's need for the atiag. Address by Asaistan t
Secretary of Commerce and Director of Economi e
Deyelopment, Eugene P. Foley, before the Netiona ]
Council on the Aging, Detroit, Mar. 14.
O Remarks by Assistant Secretary of Coaiwerce am
Director of Economic Development, Eugene P. Foley
at Groundbreaking Ceremonies for High RidgiB
Park, Stamford, Conn.. Mar. 15.
Q EDA grant to help Monterey, Tennessee, externj
sewer and water lines to industrial park. NR
EDA 96-60.
O EDA grant helps finance Trinidad, Colo^ water sya
tern. NR: EDA 66-«4.
O $103,200 grant approved to set up Western Nortlb
Carolina planning group. NR: EDA M-80.
O Study of Carteret County, North Carolina, seafooit
industry approved by EDA. NR: EDA 66-«l.
D EDA tr.nl to help build water extension to indus
friar area in Fayette County, Pennsylvania. NR :
EDA 66-90.
D Toledo Convention and Exhibition Center woul
mean n«w jobs. Federal study indicates. NR: ED>1
66-95.
Q Nation needs services of senior citizens, Commerc t
official declares. NR: EDA 86-96.
NR: EDA 66-97.
O EDA launches West Virginia ski development stud)
NR: EDA 66-99.
Q EDA approves grant for study of puipwood suppl y
in Carthage. Texas, area. NR: EDA 66-103.
Q $31,746 Commerce grant to help build University of
Tennessee clinic. NR: EDA 66-105.
n EDA ID prove* Alabama tourism recreation otndj
NR: EDA 66-108.
O EDA approves atudv of proposed new bridge at Lu
ling, Louisiana. NR: EDA 66-109.
D Economic Development. Vol. 3. No. S. Mar. 196(
r
The new approach of regional planning.
Thomas W. Harvey appointed EDA Deputy Admin
istrator.
Published weekly—a 4 page,
up-to-date listing of new Department of Commerce publications and other releases. Also
shows key business indicator
changes and trends. Tells how
to order published materials of
special interest to you.
BUSINESS SERVICE CHECKLIST
is tailored to help businessmen
in all areas of economic activity.
First Title I ATOM dcaiffiuited by EDA.
All EDA Area OfficM now in operation.
0 larks. New EnffUnd, Upper Great Lakes first r*riant named.
Project activity.
Domestic end it*»rn«timeal iusiMM
O United Statta traAi iwttey at the enaaroad*. Remarks by Deputy Assistant Secretary of Commerce
Robert L. McNeil), delivered before the annual Port
of New York dinner of UM Voniffii Commerce Club
of New York, Mar. 16.
O Electronic eompoaeitU shipments set third-quarter
high. NR: BD 86-16.
D F«<*s' for Marketer*: Standard Metropolitan Statistical Areas in the Middle Atlantic Geographical Division. Mar. 19«6. 82 pp. 60*. The. second in a
series of » regional volumes bringing together marketing information in a standard format for use in
marketing analysis. Contain* selected data from
Government sources on population and housing
characteristics, employment, income, industry sales
by retail, wholesale and selected service trades, and
where available, consumer expenditures.
O Foreign Market Survey. Dairy machinery in West
Germany. Mar. 1966. 18 pp. 25*.
Bureau of Inramotimtal Commerce
D U. S. dental goods firms seek customers in Italy.
NR: FC G6-36.
D Tighter coffee trade rules won't affect U. S. supplies.
NR: FC 66-37.
•
D U. S. firms headed for suceesa at Tripoli International Fair. NR: FC 66-38.
D Commerce stages exhibition in Addis Ababa, Ethiopia, Mar. 19 - Apr. 9. NR: FC 66-40.
G Tennessee trade mission travels to five countries.
NR: FC 66-42.
D Fort Worth trade mission travels to Central America
rnd Tvinidad. NR: FC 66-43.
D ''• S. firms boost export sales at Madrid refrigeration show. NR: FC 66-44.
D 1'. S. world trade share remains stable in third quarter. NR: FC 66-45.
err Rhodesia. NR: FC 66-47.
D International Commerce. Mar. 21, W66. Vol. 72.
No. 12. Annual subscription $16 ($5 additional for
Order subscriptions from:
For use of Supt. Docs.
Superintendent of Documents
Government Printing Office
Washington, D.C. 20402
or
Any U.S. Department of
Commerce Field Office
Annual subscription, $2.00 (additional $2.00 for foreign mailing)
Make check or money order payable to Superintendent of Documents.
Enclosed is $
(send only check, money order, or Supt.
Docs, coupons). I wish to subscribe to BUSINESS SERVICE
CHECKLIST.
Mail to Name
Address
City, State & Zip
CURRENT BUSINESS STATISTICS
J.HE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1961 through 1964 (1954-64 for major quarterly series), annually, 1939-64; for selected series,
monthly or quarterly, 1947-64 (where available). Series added or significantly revised after the 1965 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1964 issued too late for inclusion in the 1965 volume appear in the monthly
SURVEY beginning with the September 1965 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through
the courtesy of the compilers, and are subject to their copyrights.
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965 | 1966
1964
I
I
IV
III
II
1967
1966
1965
IV
II
Annual total
IV
III
I
II
III | I V p i
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
Gross national product, totalf
683.9
743.3
645. 1
662.7
675.4
690.0
708. 4
725.9
736.7
748.8
762.1
766.3
775.1
791.2
807.6
401.2
433.1
465.9
408.9
420.2
428.1
436.4
447.8
458.2
461.6
470.1
473.8
480. 2
489.7
495.3
501.4
2
25.8
25.0
66.0
29.9
27.0
70.3
29.8
29.9
58.7
24.6
25.6
65.2
30.4
25.8
64.2
29.2
26.1
66.1
29.8
27.3
68.6
30.3
28.9
71.6
31.4
29.4
68.2
28.5
29.1
70.9
29.8
30.6
70. 6
29.6
30.6
69.4
27.3
31.4
72 5
29.7
31.9
72.7
29.9
32.1
73.7
30.2
32.6
do
do__ _
do
do
178.7
33.5
92.9
14.0
191.2
36.1
99.0
15.1
207.5
40.3
106.7
16.2
182.9
34.5
95.1
14.3
184.6
34.6
95.6
14.3
189. 8
35.6
98.3
15.1
192.4
36.2
99.4
15.3
198. 0
37.8
102.5
15.7
203.2
39.5
105.2
15.8
207.1
39.8
107.0
16.2
209.5
41.0
107.3
16.3
210.3
40.8
107.2
16.6
214.2
41.5
109.3
17.1
217. 2
43.2
110 1
17 5
218.5
43.7
110.9
17.5
220.2
42.9
112.2
17.8
do
do
do _
do
163.3
24.3
59.3
11.6
175.9
25.7
63.6
12.6
188.1
27.0
67. 1
13.6
167. 3
24.5
60.8
11.8
170.4
24.7
61.9
12.0
174.2
25.5
63.2
12. 5
177. 8
26.1
64.2
12.8
181.2
26 5
65.3
13.1
183.5
26 1
66.2
13.2
186.3
26.9
66.5
13.5
189.8
27.4
67.4
13.7
192. 9
27.7
68.5
14.0
196.6
27.8
69.6
14.4
200.0
28 1
70 6
14.6
204.1
28.1
71.9
14.8
207.5
28 9
73.2
15.1
94.0
107.4
118.0
97.9
105. 1
105.1
108.2
112.3
115.2
118.5
116.4
122.2
110.4
105.1
112. 2
120.7
88.2
61.1
•21.2
39.9
27.1
26.6
98.0
71.1
25.1
46.0
27.0
26.4
104. 6
80.2
27.9
52.3
24.4
23.8
13.4
13.7
90.2
63.4
21.8
41.6
26.8
26.3
94.4
67.3
23.1
44.1
27.2
26.6
10.6
10.1
96.3
69.3
24.7
44.6
27.0
26.5
104.9
81.2
28.2
53.1
23.7
23.2
11.4
12.0
103.7
82.8
27.7
55.1
20.9
20.4
18.5
19.0
103.3
81.9
27.7
54.2
21.4
20.9
104.6
81.5
26 3
55.2
23.1
22.5
108. 4
82.8
26. 6
56.2
25.6
25.0
111.7
83.8
26.5
57.3
27.9
27.4
Personal consumption expenditures, total. __ do
Durable goods, total 9
. d o
Automobiles and parts
.
_ _ _ do___
Furniture and household equipment.
do
Nondurable goods, total 9
Clothing and shoes _ _
Food and beverages
Gasoline and oil
Services, total 9
Household operation
Housing
Transportation
_
- _
- _ .
Gross private domestic investment, total
Fixed investment _
_ _
NonresidentiaL
Structures
Producers' durable equipment
Residential structures
_•__ Nonfarm __
__..
Change in business inventories
Nonfarm
_ _
(
632.4
_ . _ _ _ _ _ _ _ _ _ b i l . $__
do
_.___do
do
do
do_ _
do
do
do
do
EQ
5.8
6.4
9.4
8.4
7.7
8.1
8.8
7.9
98.8
71.9
25 1
46.8
26.9
26.4
9 4
7.9
102.4
75.7
27 3
48.3
26.8
26.2
^9 9
8.7
105. 3
78.3
28 3
50.0
27.0
26.5
9 9
9.6
104.5
78.7
27.5
51.2
25.8
25.3
14.0
14.4
7.1
7.3
.5
.6
3.8
3.4
9.0
7.5
8.5
6.9
5.1
8.5
6.1
8.2
6.1
6.1
5.4
4.6
4.3
5.3
5.3
5.4
4.0
39.1
32.2
43.0
37.9
7.4
37.1
28.6
38.3
29.8
35.1
28.9
40.7
32.6
40 3
32.9
40 5
34 4
42 0
36 0
42 5
37 1
43 7
39.0
44.0
39.7
45. 3
39.9
45.1
39.8
45.6
40.2
45.6
41.6
Govt. purchases of goods and services, total. _do
Federal
_
__
.
do.
National defense.
.
. _ .do. _
State and local
do
128.7
65.2
50.0
63.5
136.4
66.8
50.1
69.6
154.3
77.0
60.5
77.2
129.8
64.5
48.9
65.3
131. 3
64.3
48.4
66.9
133.9
65.4
49.2
68.6
138.1
67.6
50.3
70 4
142.3
69 8
52 4
72 5
146.5
72 1
55.1
74 3
151.2
74.9
58.4
76 2
157.7
79.5
63.0
78 1
161.7
81.5
65.6
80 2
170.4
87.1
70.2
83 3
175.0
89.5
72.5
85.4
178.2
90.9
73.3
87.4
181.5
92.0
74.3
89.5
By major type of product:f
Final sales, total
Goods, total. .
Durable goods. _ _ _ _ _ _ _
Nondurable goods
Services
Structures . _ _
626.6
313. 6
122.8
190.7
244.2
68.8
674.5
337.2
132. 8
204.4
262.9
74.4
729.9
366 2
144. 7
221 5
287.2
76.5
637.4
317 9
123.3
194 7
250.1
69.3
652.0
325 9
129. 6
196 3
254. 6
71.6
666 5
332 8
130 0
202 9
260. 1
73 6
680 6
340 2
133 9
206 3
266 0
74 4
698 5
349 9
137 9
212 0
271 0
77 6
716 0
359 e
143 2
216 4
276 6
79 9
722 6
361 7
141 6
220 1
283.5
77 4
737 4
370 3
145 8
224 5
291.6
75 5
743 6
373 2
148 3
224 9
296.9
73 5
759 2
380.9
150 5
230 5
303.1
75 2
774.6
391.6
156 0
235 5
307.8
75.2
787.4
394.9
157 9
237 0
313. 5
79.0
798.7
397.1
159 3
237 8
319.7
81 9
5.8
9.4
13.4
99
7.7
10.6
8 7
70
1.8
9 4
71
2 3
99
50
4 9
99
7 4
2 5
14 0
9 7
4 3
11 4
99
15
18 5
12 8
57
71
34
37
.5
— .6
3.8
9.0
4 5
88
6 7
1.1
.3
Net exports of goods and services,
Exports
Imports
do
do
do
do
do
do
do
_ do. _
do
__
Change in business inventories _
Durable goods
Nondurable goods. _
_
do
do
_ do
4 2
1.6
2.7
3.5
3.2
2.0
35
51
4.0
GNP in constant (1958) dollars
Gross national product, totalf
bil. $__
581.1
616.7
652.6
588.5
601.5
609.7
620.7
634.4
645.4
649.3
654.8
661.1
660.7
664.7
672.0
679.4
373. 7
398.4
418.0
379.3
389.1
394.1
400 7
409 9
416 2
415 2
420 4
420 4
424 2
430.6
431.5
433. 2
59 0
170 3
144 4
66 4
178 9
153 2
71 3
187 7
159 1
58 7
173 5
147 1
65 0
174 7
149 4
64 1
178 0
152 0
66 8
179 3
154 6
69 5
183 6
156 8
73 0
185 8
157 3
69 3
187 7
158 2
71 9
188 8
159 8
71 1
188 4
160 9
69 7
191 8
162 6
72 9
193.6
164.1
72 7
192.8
166.0
73 0
193 2
167.1
do. .
87.8
98.0
105.6
90.8
95.9
95.9
98 3
101 6
104 0
106 5
103 6
108.4
96 9
91.3
96.4
102.9
do
do
do
do
81.9
57 8
24 2
58
89 1
66 0
23 2
88
93
72
20
12
83
59
23
7
86
62
23
9
87
64
23
8
89
66
23
8
92
69
22
9
94
71
22
9
5
8
8
5
93 1
71 7
21 4
13 4
93
73
19
10
91
74
17
17
90
73
17
6
2
0
3
7
90.9
72.6
18.3
92.9
73.2
19.7
94.5
73 2
21.3
do
8.3
6.0
Personal consumption expenditures, total. __ .do. _
Durable goods
Nondurable goods. _
Services
Gross private domestic investment, total
Fixed investment
NonresidentiaL __
Residential structures _ _
Change in business inventories.— _ _ _
Net exports of goods and services
do
do
_ _ do
0
8
2
6
2
7
5
6
6
9
7
3
9
5
4
0
6
7
0
7
4
7
6
2
0
6
4
6
2
2
0
2
.4
3.5
8.4
5.2
6.8
6.4
5.6
5.4
4.8
4.1
3.2
4.1
4.1
4.2
.2.9
111.2
114.3
110. 5
124.5
111.3
57 g
58 1
64 7
56 7
56 3
53.2
56.4
59.9
53.8
55. 0
r
Revised.
? Preliminary.
* Preliminary annual totals for 1967 for components shown
in this column appear on pp. 16-19 of this issue of the SURVEY.
f Revised series. Estimates
of national income and product and. personal income have been revised (see p. 13 ff. of the July
1967 SURVEY for data beginning 1964; for data prior to 1963, see p. 11 fl. of the July 1966 SURVEY) ;
112.9
57 1
55. 8
115.3
58 5
5fi.7
117.4
59 3
5«!o
119. 9
61 2
122.7
63 4
126.6
66 4
129.1
67 8
135.5
72 3
138.7
74.4
139.9
75.1
140.4
74.4
Govt. purchases of goods and services, total, .do. _.
Federal.
__
do
State and local
do
4.4
7.9
64.9
66.0
64.3
58.7
59.4
fiO.l
61.3
63.2
revisions prior to May 1966 for personal income appear on p. 21 of the July 1967 SURVEY and
those for periods prior to 1963 on p. 18 ff. of the July 1966 SURVEY . 9 Includes data not shown
separately.
s-1
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
| 1966
Annual total
1965
I
II
January 1968
1966
IV
III
I
II
1967
IV
III
1968
I
II
III
IV p
483.2
435.6
345.8
« 17.3
«72.5
«47.6
«59.3
« 44. 1
015.2
020.4
I
GENERAL BUSINESS INDICATOR S— Quarterly Series— Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
616.7 544.9 555.3
518, 1 562. 4
National income totalf
bil $
435. 7 381.5 388. 6
365. 7 393.9
Compensation of employees, total
do
394.6 347.7 354. 2
333.7 359. 1
Wages and salaries, total
_ do
269.4 289.8
316. 7 280.8 286.2
Private
do
12.1
14.7
11.8
11.7
Military .
do
11.7
57.1
63.2
55.1
52.6
56.3
Government civilian _ _ _
do
41.1
33.8
34.5
32.0
34.9
Supplements to wages and salaries ._ _ do
55.0
56.7
59.3
56.7
52.3
Proprietors' income, total 9 - -- - do
41.4
41.9
43.2
40.2
41.7
Business and professional 9
do
12.1
14.8
16.1
13.6
15.0
Farm
do
19.0
18.6
18.0
19. 4
18.9
Rental income of persons
do
Corporate profits and inventory valuation adjust74.9
82.2
72.6
73.4
66.3
ment, total
bil $
By broad industry groups:
8.4
8.4
7.9
9.3
8.2
Financial institutions
do
66.5
58.4
72.9
64.4
65.0
Nonfinancial corporations total
do
37.5
38.7
43.1
Manufacturing total
do
32.7
37.7
18.7
15.9
14.9
16.5
16.0
Nondurable goods industries
do
24. 4
22.2
21. 6
21.6
Durable goods industries
do
17.8
Transportation, communication, and public
10.1
11.9
utilities
bil $
11.2
10.6
10.9
15.5
18.0
16.6
16.3
16,5
All other industries
do
76.6
74.0
66. 8
83.8
75.6
Corporate profits before tax total
do
34.
5
31.4
28.3
30.3
30. 9
Corporate profits tax liability
do
38.4
49.3
45.2
43.7
Corporate profits after tax
do
44.6
21.5
17.8
19.8
18.7
Dividends.
_
do
19, 4
20.6
25.4
25.0
Undistributed profits
do
27.8
25.2
-.5 -1.7
-1.6
Inventory valuation adjustment
___do___.
-1.4
-2.1
20. 2
15.8
17.9
17.1
Net interest - _ _ . .
do
17. 6
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
497.5 537.8
584.0 520.3 530.1
Personal income, total
bil $
59. 4
Less: Personal tax and nontax payments
_do
65.6
75.2
64.3
66.1
Equals: Disposable personal income
do
438.1 472.2
508.8 456.0 464.0
411.9 445.0
479.0 431.6 439.9
Less: Personal outlays©
do
Equals: Personal saving§.
do
26.2
27.2
29.8
24.5
24.0
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
__„ _ _
_
bil. $
44.90 51.96
60.63 10. 79 12.81
Manufacturing,
do
18.58 22.45
4.54
26. 99
5.47
9.43 11.40
Durable goods industries. _•__•_
,___do
13. 99
2.25
2.76
9.16 11.05
Nondurable goods industries.
___.do
13.00
2.28
2.70
Mining.. _
_
do
1. 19
1.47
.29
1.30
.33
1.41
Railroad....
_________
__ ... do
1.9S
.39
.44
1.73
Transportation, other than rail
do.
3.44
2.38
.58
2.81
.77
Public utilities..
_.
do
6.22
8.41
1.32
6.94
1.71
Communication
do
.4.30
4.94
1.24
1.08
5.62
10.83 11.79
Commercial and other
. do
12. 74
2.59
2.85
Seas. adj. qtrly. totals at annual rates:
All industries
do
49.00 50. 35
Manufacturing
_ _
do
20. 75 21. 55
Durable goods industries
do
10.40 10.80
Nondurable goods industries
do
10.40 10.70
Mining
_____
do
1.25
1.30
Railroad
do
1.75
1.55
Transportation, other than rail
do
2.55
2.70
Public utilities...-_ _ do
6.85
6.80
Communication
do
4.55
4.80
Commercial and other
do
11.30 11.60
U.S. BALANCE OP INTERNATIONAL
PAYMENTScf
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants)
mil $
37, 099 39,147 43,039 8,768 10, 180
Merchandise adjusted excl military
do
25, 297 26,244 29, 168
5,628 6,880
Military sales
do
747
847
192
844
210
Income on U S investments abroad
do
1,562
5, 389 5,888
6, 245 1, 499
i Other services
do
5,666 6,171
6,779 1,431 1,546
Imports of goods and services
do
-28, 637 -32, 203 -37,937 -7,232 -8, 139
Merchandise, adjusted, excl. military
__do -18,621 -21, 472 oc c-in -4, 669 -5, 475
Military expenditures
do
-2, 861 -2,921 -3, 694
-671
-711
Income on foreign investments in the U.S__do
-424
-1,455 -1, 729 -2,074
-401
Other services
do
-5,700 -6,081 -6, 659 -1, 491 -1,529
Unilateral transfers," net (excl. military grants);
transfers to foreigners (— )
mil $
-2,782 -2, 824 -2,925 -664
-775Transactions in U.S. private assets, net; increase
(— )
niil $
-6,542 -3,743 -4,213 -1,657
-389
Transactions in U.S. Govt. assets, excl. official
reserve assets; increase (— )
mil $ -1,674 -1, 575 -1,531 -396
-490
Transactions in U.S. official reserve assets, net;
increase (— )
mil $
842
171 1,222
568
68
Transactions in foreign assets in the U.S., xiet (U.S.
liabilities) ; increase (+)
mil $
3,314
-342
286
3,301
391
Liquid assets
do
-24
789
-267
2,629
113
Other assets
do
2,512
-75
685
310
278
Unrecorded transactions
do
-302
53 -113
-949
-415
Balance on liquidity basis—increase in U.S. official
reserve assets and decrease in liquid liabilities to
all foreigners; decrease ( — )
mil $ -2,800 -1,335 -1,357
-818
199
Balance on official reserve transactions basis—increase in U.S. official reserve assets and decrease in
liquid and certain nonliquid liabilities to foreign
official agencies; decrease (-)
mil. $_ -1,548 -1, 304 1
239
225 -834
r
Revised.
v Preliminary.
c Corrected.
« See note 1 on p. S-1.
1
Estimates
for
Oct.-Dec.
1967
based
on
anticipate
isiness.
d
capital
expendil
ures
of
bt
2
Estimates for Jan.-Mar. 1968 based on antici pated cap>ital exp enditures of bushless.
Anticipated expenditures for the year 1967 are as foil ows (in bil .$):Alli tidustries, 61.48; m anufacturing, total, 26.84; durable goods industries, 13.78; nondiarable g oods indiistries, 13.07;
mining, 1.43; railroad, 1.55; transportation, 3.88; pu blic utilit les, 9.59; commerc al and o ther
(incl. communication), 18.20.
3 Includes commuilication.
566.5
397.2
362.0
292. 1
12.1
57.8
35.2
57.2
42.0
15.2
19.1
582.8
408.4
372.4
300.0
13.1
59.4
36.0
57.8
42.5
15.3
19.2
600.3
420.8
381.3
306.9
13.6
60.7
39.5
60.0
42.8
17.1
19.2
610.4
430.7
390.2
313.8
14.2
62.2
40.5
59.3
43.3
16.0
19.3
622.1
441.2
399.6
320.1
15.1
64.3
41.6
59.2
43.3
15.9
19.4
634.1
450.2
407.4
326.1
15.8
65.6
42.7
58.6
43.4
15.1
19.6
636.4
459.1
414.7
331.4
16.1
67.3
44.4
57.8
43.2
14.6
19.8
641.6
463.4
418.3
333.2
16.2
68.9
45.2
57.8
43.4
14.3
20.0
653.4
472.6
426.2
339.4
16.3
70.6
46.4
58.8
43.8
15.0
20.2
74.9
78.7
81.1
81.3
81.9
84.6
78.1
78.3
79. 2
8.4
66.5
38.6
16.5
22.1
8.6
70. 0
41.0
17.4
23.7
8.9
72.2
42.7
18.3
24.3
9.0
72.2
42. 5
18.5
24.0
9.5
72.4
42.7
18.8
23.9
9.6
75.0
44.4
19.2
25.3
9.6
68.5
39.6
18.4
21.1
9.5
68.8
38.9
17.8
21.1
9.6
69.6
38.2
17.7
20.5
11.2
16.7
75.8
•31.1.
44.8
20.2
24.6
-.9
18.2
12.0
17.0
80.8
33.1
47.7
20.9
26.8
-2.2
18.8
11.7
17.8
83.7
34.5
49.2
21.4
27.8
-2.6
19.3
12.0
17.8
83.6
34.5
49.2
21.6
27.6
-2.3
19.8
11.8
17.9
84.0
34.6
49.4
21.6
27.8
-2.2
20.4
12.0
18.6
83.9
34.6
49.3
21. 2 "
28.2
.7
21.1
11.7
17.3
79.0
32.5
46.5
22.2
24.2
-,8
21.6
11.9
18.0
78.9
32.5
46.5
23.1
23.4
12.1
19.3
80.0
32.9
47.1
23.4
23.6
-.8
22.7
544.6
65.2
479.4
448.5
30.9
556. 1
66.7
489.4
460.1
29.3
567.8
70.4
497.5
470.9
26.6
577.3
74.1
503.3
474.6
28.7
589. 3
76.9
512.4
483.2
29.2
601.6
79.6
522.0
487.4
34.6
612.9
80.2
532.7
493.9
38.8
619.1
79.1
540.0
504.0
38.0
631,0 o642.1
82.8 <»84.6
548.2 « 557. 5
509.6 « 515. 9
38.5 «41.6
13.41
5.73
2.91
2.82
.32
.44
.72
1.88
1.22
3.10
14.95
6.72
3.48
3.24
.35
.46
.73
2.04
1.41
3.25
12.77
5.61
2.87
2.74
.33
.40
.75
1.60
1.26
2.83
15.29
6.78
3.51
3.27
.40
.55
1.00
2.09
1.42
3.06
15.57
6.84
3.54
3.30
,37
.48
.82
2.36
1.36
3.33
17.00
7.75
4.07
3.68
.38
.55
.86
2.36
1.58
3.52
13.59
6.10
3.08
3.02
.32
.41
.70
1.84
1.35
2.87
15.61
6.81
3.46
3.34
.34
.41
1.12
2.46
1.49
2.99
15.40 1 16. 87 214.32
6.48
7.46
6.07
3.33
3.17
3.90
3.15
3.55
2.90
.37
.37
.40
.35
.34
.37
.98
1.10
1.08
2.22
2.66
2.63
1.46
3.09
M.95 M.22
52.75
23.00
11.75
11.25
1.25
1.70
3. 00
6.75
5.05
11.95
55.35
24.15
12.45
11.70
1.35
1.95
3.00
7.30
5.30
12. 25
58.00
25.60
13. 15
12.45
1.40
1.75
3.30
8. 25
5.35
12.35
60. 10
26.80
13.85
12.95
1.55
2.00
3. 50
8.30
5.50
12.45
61.25
27.55
14.35
13.20
1.45
1. 85
3.40
8.55
5.60
12.85
62.80
27.75
14.50
13.25
1.45
2.35
3.50
8.50
5.95
13.30
61.65
27.85
14.20
13.70
1.40
1.80
3.05
9.20
5.75
12.55
61.50
27.00
13.75
13.25
1.30
1.55
3.90
9.70
5.80
12.25
60.90 162.05 265.05
26.15 26.55 27.75
13.50 13.75 14.60
13.15
12.65 12.80
1.60
1.45
1.50
1.50
1.40
1.45
4.75
4.10
4.45
11.15
9.80
9.60
6.05
11.95 s 18. 50 3 is. as
10,080 10, 119 10, 511 10, 618 10,913 10, 997 11, 361
7,676
6, 811 6,925 7,203
7,181 7,382 7,402
339
210
212
209
222
230
206
1, 578
1,474
1,353
1,469
1,535 1,587 1,654
1,630
1,565 1,629
1,680
1,738 1,731 1,768
-8, 233 -8, 599 -8,997 -9, 265 -9, 762 -9, 913 -10,00
-5, 556 -5,772 -6, 025 -6,225 -6, 580 -6,680 -6, 662
-969 -1,045
-754
-861
-953
-785
-911
-557
-563
-475
-435
-469
-565
-471
-1,488 -1, 573 -1, 636 -1, 658 -1, 664 -1, 701 -1,740
22] 1
-23.3
11, 362 p 11,479
7,717 P 7, 644
P205
336
1,547 p 1, 834
1,762 p 1, 796
-10, 038 p-10,11
-6, 558 p-6, 55
-1,070 p-1,07
-547 p-583
-1,863 p-1,90
-852
p-864
-725
-660
-851
-733
-709
-632
-728
-885
-812
-981
-1, 135
-932
-1,165
-957
-244
-445
-365
-500
-328
-338
-737
-556
p-473
41
271
424
68
82
-6
1,027
-419
p-375
211
416
-205
-245
236
-12
248
-110
492
227
265
-233
1,145
54
1,091
-198
459
83
376
277
1,205
425
780
-148
325
-498
823
-287
2,193 p 1, 884
966 P 1, Oil
P873
1,227
pl54
-553
-457
-259
-651
-122
-419
-529
-547
-165
«22.4
0-1.8
-1,13 p-1,69
p-636
p470
-18 "1,81 -828
-443
-916
861
-175
207
tSe e corresponding note on p. S-l.
91ncludes i nventory valuaticm adjust ment.
ei}ersonal outlays cjomprise personal consum ption expenditur es, inter 3St paid by COB
sume rs, and personal t ransfer payments to foreig]aers.
lays.
§P ersonal sa ving is e xcess of ctisposabl<3 income over per sonal oui tfar.,Jun
e, Sept., and Dec
cPBklore com plete det iils are gi ven in th e quarter ly review s in the !
issue 5 of the SiLJRVEY; q uarterly revisions back to 1960 are c n p. 22 fi of these pt. 1967 SURVEY
SURVEY OP CUEEENT BUSINESS
January 1968
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1967
1966
1966
Nov.
Annual
S-3
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Oct.
Sept.
Nov.
Dec.p
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates :f
Total personal income
foil.
537.8
584,0
602.1
605.0
610.4
612.6
615.6
616.5
618.2
622.6
627.0
631.6
634.4
635.9 '642.4
648.1
359.1
144.5
115.6
86.9
394.6
159.3
128.1
93.9
407.6
164. 1
132. 8
96.5
410.0
164,9
132. 8
97.2
413.8
166,2
133.7
98.4
414.2
165.2
132. 7
98.6
416.2
165.6
132.9
99.1
416.7
165.0
132.5
•99.1
417.2
164, 3
132.2
99.3
420.9
165.2
133.0
100.4
423.4
166.1
133.2
101.3
426.7
168.0
135.3
101.8
428.5
168.2
135.4
102.1
429.4
167.9
134.9
102.6
'435.3
'171.2
' 137. 5
' 103. 7
442.0
172.5
138.4
103.4
___do
do
____-do__ _
58.3
69.3
18.0
63.5
77.9
20.8
65.6
81.4
21. 7
65.9
82.0
21.9
68.4
82.7
22.1
66.9
83.4
22.2
67.6
84.0
22.4
68.2
84.5
22.6
68.6
85.0
22.8
69.5
85.7
23.1
69.6
86,4
23,3
70.1
86.9
23,6
70.8
87.4
23.8
71.1
87.8
24,0
'71.9
'88.4
24.3
72.9
93.1
24.6
-do
do
41.9
14.8
43.2
16.1
43.5
15.1
43.5
15.3
43,3
15.0
43.2
14.6
43.1
14.3
43.3
14.4
43.4
14.4
43.6
14. 3
43.7
14.7
43.8
15.0
43.9
15.3
44.0
15.1
44.1
'15.2
44.2
15.3
19.0
19.8
38.4
39.7
19.4
21.5
42.4
43,9
19.6
21.6
44.3
47.4
19,7
20.2
44.8
48.5
19.7
21.8
45.0
49.7
19.8
22.3
45.2
51.1
19.9
22. 6
45.5
51.7
20.0
22.8
45.8
51.0
20.0
23.1
46.0
51.5
20.1
23.3
46,1
51.6
20.2
23.5
45.4
52.2
20.2
23.5
46.9
52.4
20.3
23.4
47.3
52.5
20.3
23,2
47,6
52.8
20.4
23.1
48.0
'52.8
20,4
21.0
48.4
53.1
20.6
$
Wage and salary disbursements, total
do
Commodity-producing industries, total-do
Manufacturing
do
Distributive industries
do
Service industries . _ _ ' _ _ _ '
Government
Other labor income
_ ___ _
Proprietors' income:
Business and professional _
Farm
- -
Rental income of persons =
do
Dividends
__do
Personal interest income
do
Transfer payments
do
Less personal contributions for social insurance
T otal non agricultural income, . _. ..
do
13.4
17.9
18,7
18.8
20.0
20.0
20.1
20,1
20.1
20.3
20.4
20.6
20.6
20.8
21.0
518. 4
563.1
581.9
584.8
590.2
593.0
596.2
596.9
598.8
603.2
607. 2
611,4
614.0
615. 7. ' 622. 0
627.6
41, 547
46, 485
4,911
3,940
3,865
2,969
3,086
2,776
2,858
3,259
3, 441
4,477
4,842
5,388
4,688
39, 095
17, 250
21, 845
5,022
12,951
3,571
43,219
18,384
24, 835
5,502
14, 890
4,134
4,818
2, 659
2,159
459
1,302
388
3,889
1, 865
2,024
480
1, 157
361
3, 802
1, 728
2,074
489
1, 227
321
2,757
916
1,841
452
1,088
263
2,848
842
2,006
502
1,166
306
2, 682
828
1,854
493
1, 052
270
2, 825
743
2,082
529
1,226
291
3,236
1,245
1,991
497
1,178
295
3,335
1,405
1,930
474
1,127
316
3,654
1,515
2,139
466
1,323
338
3,953
1,778
2,175
459
1,358
346
4,915
2,581
2,333
470
1,523
330
4,626
2,592
2,034
454
1, 271
299
121
125
118
134
134
134
179
232
140
145
163
131
141
151
132
103
80
120
106
73
130
100
72
120
105
65
135
120
109
129
124
122
125
136
132
139
147
155
141
183
225
152
172
226
132
118
119
118
121
121
120
168
219
130
138
160
122
135
153
122
94
73
110
97
62
123
91
55
117
95
52
127
113
100
122
118
121
116
129
129
129
139
148
131
176
218
144
168
219
129
FARM INCOME AND MARKETINGS}
Cash receipts from farming, including Government
payments (48 States) total }
mil. $
Farm marketings and CCC loans, total
do
Crops
do
Livestock and products, total 9
do
Dairy products
do_ __
Meat animals _ _ _ _ _ _ __do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:}
All commodities
1957-59 =100- .
Crops
_ _
.
-do
Livestock and products
_
_
do_ __
Indexes of volume of farm marketings, unadjusted:}
All commodities
1957-59=100
Crops
do
Livestock and products
_ _ -do
INDUSTRIAL PRODUCTION d*
Federal Reserve Index of Quantity Output
143.4
156.3
160.1
156.9
156.4
156.6
157.0
157.9
156.0
159.0
150.5
157.9
145.0
148.4
140.8
114.8
160.9
158.6
164.8
150,8
120.5
173.9
163.1
169.7
154. 7
122.0
158.8
167.8
147.6
122. 6
157.8
164.5
149.4
121.4
158.4
163.4
152.1
121.9
158.9
164.4
152.1
120. 1
160.3
164.9
154.4
122.1
158.1
164.1
150.6
121.8
161.0
165.6
155.3
123.9
150. 5
154.7
145. 1
124.8
158.3
162.6
158.9 ' 163. 8
157.4 ' 161. 2
129.0 '125.6
163. 6
164. 5
162. 6
123. 4
' 163. 2
'167.4
' 158. 0
'124.2
161.4
169.2
151.6
122.9
do
do_ _
do
do _
do
142.5
140.3
159.9
134.1
147.0
155.5
147.5
166.5
141. 4
172. 6
160. 1
151.4
176.9
143.3
178.8
157.2
145.4
168.7
138.0
182.4
157.0
145.9
160.6
141.3
180.7
156.8
145.8
157.2
142.1
180. 4
157.2
146.2
160.1
141.8
180. 8
157.7
147. 1
161.8
142.5
180.3
155.2
144.2
157.8
139.8
179.0
159.8
150.5
162.0
146.8
180.0
151.2
139.9
132.9
142.2
175.3
156.9 '163.3 162.3
147.7 ' 155. 7 ' 155,4
162.2 ' 170. 0
137.4
151.1 ' 153. 7 150.8
179.5
176.4
177.2
'161.2
' 151. 6
' 172. 1
159.8
149
176
_do _ _ _
do
do
144.2
144.3
144.1
157,0
156.9
157.2
160.0
158.8
161. 3
156.6
154.5
158.7
155.9
152.2
159.7
156.5
151.5
161.7
156.7
151.9
161.7
158. 1
152. 5
163.9
156.6
152. 5
160.9
158.3
154.3
162.4
150.0
145.0
155.2
158.9
159.1 ' 160. 4 ' 160. 6
152.5 ' 152. 0 ' 152. 5 ' 153. 2
166. 4 ' 168. 4 '168.3
165.4
Unadj., total index (incl. utilities)c f- 1957-59 =100By industry groupings:
Manufacturing, total
~_
do_ _ _
Durable manufactures
do
Nondurable manufactures
-do _ _
Mining
_- -- do
Utilities
do
By market groupings:
Final products total
Consumer goods
__ _• _ __
Automotive and home goods
Apparel and staples
Equipment, including defense.......
Materials
__
Durable goods materials
Nondurable materials. _ _ _ _ _ _
Seas, adj., total index (incl. utilities) d*
By industry groupings:
Manufacturing total
' 181. 8
159.5
183.1
158.9
153
165
do
143.4
156.3
159. 1
159.5
158.2
156. 6
156.4
156.5
155.6
155.6
156.6
158.1
' 159. 3
161.6
145.0
158.6
161. 5
161.7
160.1
158.5
158.2
158.2
157.2
157.0
157.6
159.4 ' 158. 1 ' 158. 1 ' 160. 9
163.6
148.4
137.6
133.6
152. 2
147.8
145.4
164.8
142.7
136.2
166.2
163.0
158.8
167.7
140. 5
132.4
161.7
164.7
160.2
167.7
137.6
130.1
163.5
168.7
161.4
165.5
132.6
124.9
163.5
166.7
160.7
162.9
131.9
124.8
167.2
165.0
160.9
162.6
129.2
123.7
162.1
162.9
160.1
162.5
129.1
122.7
161.4
161.0
158. 1
162.2
128.9
122.9
154.4
160.8
156.4
161.5
129. 0
121.2
156.4
160.8
156.9
162. 5
129.6
122.3
155.3
159.8
156.1
163.6
161.1 r 160. 8
129.2 ' 131. 6
129.3
124.3 ' 125. 6 ' 127. 6
144.2 ' 141. 1 ' 142. 4
159.1 ' 158. 1 ' 158. 1
156.0 ' 156. 4
156. 8
168.3
142
140
160. 5
160.4
160.6
149.2
175.2
125.3
183.8
181.9
186.4
166.9
168.7
165.0
189.8
188.2
191.8
170.6
165.8
174.6
190. 3
190.4
190.2
169.1
163.7
173.7
190.3
190.7
189. 7
162. 6
147.2
176.0
186.8
187.3
186.2
157. 5
136.5
175.6
184.5
185.2
183.6
162.6
143.8
178.8
182. 1
183.5
180.3
165.7
149.5
179.8
180.5
181. 7
178.9
167.5
152. 0
181.4
177.5
181.3
172.4
169.3
154.5
181.8
180.0
182.2
177.1
170.8
156.7
182.6
182.8
182.6
183.2
171.9
158.0
183.6
182.2
182.1
182.4
159.2
129.4
184.3
151.4
133.5
117.4
157.4
146.0
176.5
140.7
119.4
171.9
157.9
183.2
139.2
111.8
175.6
158.5
184.6
138.1
112.8
175.2
160.9
186.2
137.2
113.7
172.1
160.3
183.4
136.9
115.2
170.6
157.1
185.8
134.9
117.3
166. 5
158.2
185. 2
136.0
119.1
166.5
159.2
185.3
134.8
115.6
166.5
158.1
184.1
133.5
114.9
166.3
156.7
182.9
134.1
115.5
162.7
155.4
183.2
136.9
109.2
164.8
154.9
' 114. 3
do__ _
do
do
do
do_
do_ _.
Instruments and related products
do
Clay, glass, and stone products. _
do
Lumber and products.. _. _ _ _•• _ _ _ _ do
Furniture and fixtures
__ .
_do
Miscellaneous manufactures _
do
Nondurable manufactures.
do
154.1
153.4
140.8
150.8
153.6
Textile mill products..
________do
134.9
141.8
141.7
140.7
142.5
Apparel products
do
145.1
150.1
152.3
152.2
150.2
Leather and products. _ - _
do
108.2
110.8
111.1
107.7
111. 7
Paper and products
do
142.3
152.1
153.7
152.6
152.5
'Revised, v Preliminary, f See corresponding note on p. S-l. }Revised series. Dollar
figures and indexes of cash receipts and volume of marketings revised beginning 1963; data
for 1963 and Jan. 1964-May 1966 appear in the Dept. of Agriculture publications, Farm In-
156.8
'
'
'
'
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
Nonelectrical machinery
Electrical machinery
Transportation equipment 9
Motor vehicles and parts _
Aircraft and other equipment
161.1. ' 161. 3 '160.8
' 156. 6
' 164. 4
' 134. 8
133.1
142.8
' 159. 6
' 159. 3
179. 6 183.2
177. 2 ' 180. 9
186. 3
182. 8
159. 3 ' 165. 7
128.7 ' 141. 5
' 185. 2 186.0
'
'
'
'
183.1 ' 183. 2 ' 185. 4
138.4 ' 139. 7 ' 142. 3
121.5
' 117. 0
166.3 r 166. 6
168.0
156.4 r 155. 0
154.8
161
160
183
180
187
177
165
188
186
145
171
155
154.2 ' 154. 7 ' 156. 5 157.7
151.4
151.5
154.0
152.9
152. 6
151.1
152.8
141.3 r 145. 4
147.3
137.8
136.8
138.7
138.9
138.8
136.6
137.8
147.1
142.4
143.6
142.6
146.4 T 146. 8
146.4
142.5
144.2
108.4
105.4
103.7
101.0
107.1
105. 0
103.0
106.5
109.6
156.2
152.4
152.4
152. 8
152.9 ' 154. 2
151. 4
149.0
152.1
151.6
come Situation, July 1966 and July 1967. 9 Includes data for items not shown separately.
c?Revisions for 1964 and 1965 will be shown later; those for 1966 appear on p. 20 of the Nov
1967 SURVEY.
January 1968
SURVEY OF CUBKENT BUSINESS
S-4
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1966
Nov.
Annual
1967
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.*
145.9
134.4
206.7
147
GENERAL BUSINESS INDICATORS—Continued
1
INDUSTRIAL PRODUCTION^ — Continued
Federal Reserve Index of Quantity Output—Con.
Seasonally adjusted indexesd*— 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
130.3
124 2
173 4
196 3
123 5
142.1
134 2
193 2
221 0
128 3
144.7
135 2
200 6
229 7
129 1
143. 7
133 2
201 0
231 7
129 0
145.5
133 7
200 3
231 6
128 7
146.1
134 8
200 6
230 9
127 4
147.4
132 8
201 1
231 3
130 1
148.3
133 8
200 1
228 3
133 1
147.4
133 1
199 6
228 8
132 1
147.8
134 3
199 9
227 5
134 4
148.3
136 1
201 0
227.6
132 8
148.6 145.4 '144.3
137 0 135 7 134 0
200 7 202.3 ' 203. 7
231.4 ' 234. 2 237.3
133 2 ' 137 0 ' 136 4
do
do
do
do
do
171 8
123 7
122 3
130 6
120.3
191 9
128 7
126 6
139 9
120 0
201 6
129 9
127 5
142 5
117 2
200 7
132 1
130 2
142 4
119 3
195 1
132 0
130 4
140 8
118 5
191 6
132 4
130 3
143 9
120 2
188 4
132
3
199 7
146 1
116 2
186 9
133 1
130 6
146 3
116 0
165 7
132 0
130 3
141.2
117.4
166 9
131 9
129 9
142. 9
123.9
170.1
131 5
129 4
142.8
123.6
203 1 ' 202. 4 196.1
2 ' 132 2 131.8
131 7 '131
129 0 r 128.9 ' 129. 3 128.9
146.3 143.8 147.5
121.4 120.2 118.0
do
- - do
do
do
do
__ do
114.8
113.3
112.3
111.9
124.2
126.5
120.5
117.0
118.0
119 3
133.4
133. 5
121.6
117.0
119.6
120 8
133.7
133.4
123.8
127.6
119.4
120.8
136.1
139.3
123.2
120.7
119.7
121 0
140.3
138.7
122.4
115.7
119.6
120 0
142 1
136.6
121.5
115.1
118.1
120.1
143.7
137.2
122.0
125.5
117. 1
119.6
149.5
130.6
120.2
120. 1
117. 5
119.6
132.9
129.2
123. 8
122.5
121. 6
123.6
133.9
133.3
128.0
122.6
129.1
133.9
119.7
133.7
127.8 ' 124. 3 '121.2 ' 123. 7
117.2 115.5 112.3 115.3
131.2 ' 127. 5 ' 124. 2 ' 126. 4
138.0 ' 133. 1 128.0 128.8
93.1
105.7 '95.6 '93.8
136.6 136.5 '132.9 139.4
123.7
116
125
128
do
do
do
160.9
165.6
146.2
173. 9
179 6
156 1
178.5
184 6
159 6
179.4
185 6
160 0
180.6
187 2
180 5
186 9
181.9
188 8
182. 7
189 9
182.7
189. 7
183. 2
190.3
184.1
191.4
184.8
192.1
184.8 ' 187. 6 ' 188. 0
192.1 195.7
188.0
do
do
... do
142. 5
140.3
159.9
155.5
147.5
166. 5
159. 0
149. 2
166.7
159.6
149.8
165.8
158.1
148.0
159.3
157.0
146.1
152.4
157.'!
146.6
155.2
157.3
147.1
155.8
156.3
146.0
153.3
156.8
146.9
154.3
157.1
147.1
156.4
158.2 '157.0 '156.5 ' 159. 6
148.6 ' 147. 0 ' 147. 4 149.7
162.5 155.0 ' 157. 6 ' 163. 6
161.4
152.2
171
do
do
do
do
do
do
167.2
182.6
146 8
154.8
152 3
154 3
163.0
169. 5
154 4
168.9
166 6
165 7
162. 8
166. 7
157 8
169.4
166 3
164 7
162.6
167.3
156 4
168.1
160 2
163 5
147.0
141.3
154 4
168.0
160 5
163 4
135. 7
120.5
155 7
164.1
156 9
158 5
144.6
136.5
155 3
162.7
152 9
157 4
151.3
149.6
153 6
158.9
144.2
157 9
145: 8
149.9
140 5
158.5
143.8
157 2
151.2
156.0
144 8
156.6
138.6
157 3
155.2
160.7
148 0
157.3
143.3
156 3
161.1 '142.1 ' 145. 2 '152.8
163.7 r 133.4 135.3 ' 144. 5
157 8 153 6 ' 158. 2 163.8
163.4 ' 164. 1 ' 166. 3 171.2
155. 0 ' 155. 9 ' 162. 9 168.5
156 9
157 8 '159 3 164.0
171
175
Apparel and staples
do
Apparel incl knit goods and shoes do
Consumer staples __ _ _
do
Processed foods
do
134 1
134 5
134. 0
122.2
141 4
139 5
142.0
126.4
143 7
139 8
144. 8
127.9
144 7
140 7
145. 8
130.0
144 4
139 9
145.7
130.4
144 1
137 1
146.1
130. 2
143 9
135 5
146.3
129.6
144. 4
135 0
147. 1
129.6
143. 7
131 9
147.0
130.3
144.6
133 2
147.8
130. 2
144.1
132 8
147.3
129.0
144.2 ' 144. 4 144.5
134 8 '135 7 136 1
146.9 146.9 '146.9 ' 147. 5
129.8 '129.7 129.5 129.5
do
do
do
do
127 2
157 0
127 0
149 4
133 2
173 5
136 5
159 9
134 0
180 7
138 8
163 5
134 6
180 1
139 1
164 5
133 3
179 2
141 5
162 9
135 9
180 5
142 3
162 7
136 0
181 2
142 3
164 2
136 1
182 4
143.6
166 6
133 2
182.3
142.5
166 9
136 5
182.7
141.4
169.3
136.3
184.0
142.1
168 3
137 9 135 8 137.6
178.0 ' 179 8 ' 178. 8
140.9 136. 2 ' 134. 8
168 8 170 5 171. 2
do
do
do
do
do
do
147.0
156. 7
153.1
164. 4
162 4
148.8
172.6
181.2
172.3
190.1
208 3
167.5
180. 0
187.8
178. 1
198.4
216 9
170. 7
180.7
188.9
179.1
196.0
220 3
179.5
179.9
186.9
177.3
196.7
214 5
176. 1
180.3
186. 6
176.8
199.8
215 0
162.6
179.6
184.4
174. 1
199.1
211 7
162.8
179.2
183.5
172.1
201.7
210. 4
161. 5
178.5
182.1
169.1
200.8
211.7
167.6
178. 1
181.3
169.0
200.5
208.9
162.8
178.4
180.8
169.0
201.1
210.2
148.6
178.9
180.6
166.8
201.9
214.1
154.3
do
do
do
do
do
144.2
144.3
166.8
151.9
133. 8
157.0
156.9
166.5
180.7
141.7
159.0
157.8
166. 9
191.0
138.7
159.2
156.8
158.3
190.3
139.9
157.9
154. 2
148. 6
190.6
138.9
155.8
151.3
142. 8
186.5
139. 2
155.5
151.5
139.5
185. 6
139.7
156.0
151.0
137.5
183.2
139.2
154. 6
149.7
143.7
180.9
137.1
154.9
148.9
143.3
179. 6
137.2
156.1
149.7
141.8
181.2
138.1
157.9 ' 156. 7
151.8 ' 148. 5
142.7 134.9
186.3 184.7
139.0 ' 140. 0
do__
do
do
do
144.1
136 4
136. 6
136 4
157.2
149 0
145. 6
150 6
160.2
150 8
147.2
152 6
161.6
152 8
151.1
153 7
161.6
152 6
146.6
155 6
160.4
151 0
147.1
153 0
159.7
150 0
144.6
152 7
161.1
153 4
148.5
155 8
159.6
150. 1
146.2
152.0
161.1
151.3
145.1
154.4
162.6
150.9
141.7
155.5
164.2
151.7
143.0
156.0
127.9
11 5. 5
159 4
136.6
122.5
172 9
139.0
123.9
177 3
140.3
125.9
177 5
140.4
125.0
180.0
139.6
123.6
180 2
139.8
123.2
181 9
141.3
125.3
182 1
140.3
124.3
181.0
143.0
128.2
181.1
147.7
135.1
182.1
149.1 ' 147. 3 ' 145. 8 ' 146. 5 146
137.1 ' 133. 4 ' 129. 2 130.3 130
182.5 183 8 187.9
Rubber and plastics products
Foods and beverages
Food manufactures
Beverages
Tobacco products
Mining
. ..
Coal - - -Crude oil and natural gas
Crude oil
Metal mining
Stone and earth minerals
Utilities
Electric
Gas
By market groupings:
Final products, total cf- -Consumer goods
Automotive and home goods
Automotive products
Autos
Auto parts and allied products
Home goods 9
Appliances TV and radios
Furniture and rugs
Beverages and tobacco
Drugs soap and toiletries
Newspapers magazines books
Consumer fuel and lighting
E quipment , including defense 9
Business equipment
Industrial equipment
Commercial equipment
Freight and passenger equipment
Farm equipment
Materials^"1
Durable goods materials 9
Consumer durable
Equipment
Construction
'.
Nondurable materials 9
Business supplies
Containers
General business supplies
Business fuel and power 9
Mineral fuels
Nonresidential utilities
. d o
do
do
178.6
179.8
166.6
200.3
210 4
158.5
137.3
149
182.0
136.4
'180.9
182.7
168.8
201.2
223.4
181.2
183
' 156. 6 ' 159. 3
' 148. 9 152.2
133.3 143.4
' 184. 1 186.1
' 139. 1 141.0
161.6
156
'
'
'
'
'
' 165. 2 '
'153 1 '
' 150. 4 '
' 154 5 '
176. 0
176. 5
162. 3
199. 0
210. 0
157.4
165. 2 ' 166. 5
151. 8 153.3
153. 7 152.8
150. 8 153.6
168
BUSINESS SALES AND INVENTORIES §
IVtfe and trade sales (seas adj ) totalft
Manufacturing, total
Durable goods industries
Nondurable goods industries
Retail trade, total*
_
Durable goods stores __ __ _
Nondurable goods stores
Merchant wholesalers totalt
Durable goods establishments
Nondurable goods establishments
1954,336 11,035,871 86, 699
87, 875 87, 386
86,299
87, 458
86,833
87, 611 88, 549
88,991
89, 295
do
do
do
1483,343 1528,448
252,242 276, 069
231, 101 252, 379
44, 393
23,237
21, 156
45, 511 44, 460
23, 715 23,060
21, 796 21,400
43,932
22, 622
21, 310
44,866
23,137
21, 729
43,943
22,269
21, 674
44, 945
22,900
22, 045
44,888
23, 052
21,836
45, 402
23, 192
22, 210
45, 675 44, 723 '44,712 46,848
23, 633 22, 949 '22,311 23. 654
22, 042 21, 774 '22,401 23, 194
. d o
_ do
do
1283,852 1303,672
93,718 97,812
190, 134 205, 860
25, 610
8, 143
17, 467
25, 368
8,156
17, 212
25,687
8,200
17,487
25, 470 25, 739
7,955 8,150
17, 515 17, 589
25,918
8,104
17,814
25,897
3,187
17,710
26,544
8,546
17,998
26,444
8,592
17,852
26, 422
8, 508
17, 914
26, 732 '26,089 26,467
8,743 ' 8, 235 8,256
17, 989 '17,854 18,211
do
do
do
U87 141 i 203 751
82, 691 91, 026
104, 450 112, 724
16 696
7,372
9,324
16 996
7,539
9,457
17 239
7,501
9,738
16 897
7,488
9,409
16, 853
7,350
9,503
16, 972
7,292
9,680
16, 769
7,246
9,523
17, 117
7, 495
9,622
17, 145
7,503
9,642
17 198
7,562
9,636
17, 330 '17,195
7,684 ' 7, 718
9,646 ' 9, 477
mil $
Mfg. and trade inventories, book value, end of year
or month (seas, adj ) , total J
mil $
120,896
90, 777
17, 462
7,859
9,603
135, 549 133,856 135,549 136,590 136,780 137,093 137,351 137, 428 137,076 137,405 138, 187 138, 129 '138,643 139,668
77, 897 76, 896 77, 897 78, 886
68,015
Manufacturing, total
do
50, 037 49, 310 50,037 50, 620
42, 324
Durable goods industries
do
25, 691 27, 860 27, 586 27, 860 28, 266
Nondurable goods industries
do
34, 607 36, 961 36, 734 36, 961 36,924
Retail trade, totalf
do
15,194
16, 536 16, 581 16, 536 16,491
Durable goods stores ... _
do
19, 413 20, 425 20, 153 20, 425 20, 433
Nondurable goods stores
do
^Merchant wholesalers total!
do
18 274 20 691 20 226 20 691 20 780
10, 575 12 112 11, 835 12, 112 12, 140
Durable goods establishments
do
7.699
Nondurable eoods establishments
__.do_ __
8. 579 8.390 8.579 8.640
' Revised.
* Preliminary.
1 Based on unadjusted data.
<? See corresponding note
on p. S-3.
9 Includes data for items not shown separately.
§ The term "business" here includes only manufacturing and trade; business inventories
as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unad-
88, 785 '87,996
79, 394 79, 708 80, 330 80, 578 80, 390 80, 897 81, 370 81, 176 '81,481 82, 083
51,079 51, 216 51, 593 51, 784 51,809 52, 346 52, 784 52, 572 '52,918 53, 505
28, 315 28, 492 28, 737 28, 794 28, 581 28,551 28, 586 28,604 '28,563 28,578
36,644 36, 526 36,236 36, 263 36, 087 35, 997 36, 028 36, 143 '36, 217 36,474
16,315 16, 142 16,033 15,904 15, 661 15, 549 15, 503 15, 711 '15,681 15, 728
20, 329 20, 384 20, 203 20, 359 20, 426 20, 448 20, 525 20, 432 '20,536 20, 746
20 742 20 859 20 785 20 587 20 599 20 511 20 789 20 810 '20 945 21 111
12, 096 12, 105 12,162 11, 989 11, 981 12,038 12, 099 12,069 '12,202 12, 244
8.754 8, 623 8,598
8,618 8,473 8,690 8. 741 '8.743 8,867
8.646
justed data for manufacturing are shown on p. S-5; those for retail trade on p. S-ll.
fSee corresponding note on p. S-ll.
JRevised series. The panel of reporters in the Census Bureau wholesale sample has beer
updated to reflect information from the 1963 Census of Wholesale Trade; comparable data
prior to Sept. 1965 appear on pp. 26 ff. of the Nov. 1966 SURVEY.
SURVEY OF CURRENT BUSINESS
January 1968
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
S-5
1967
1966
1966
Annual
Nov.
Dec.
Feb.
Jan.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES— Con.
Inventory-sales ratios:
Manufacturing and trade, totaltt
ratio..
Manufacturing, total
Durable goods industries... __ _„
Materials and supplies
Work in process .
Finished goods
Nondurable goods industries
Materials and supplies.
Work in process.
Finished goods
do
do
do
do
do
_do
do
do __
do
Retail trade, totalf.
Durable goods stores __ __ __.._ _Nondurable goods stores.
do
do
do
Merchant wholesalers, totalt
-do
Durable goods establishments
-___._do____
Nondurable goods establishments
do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:
Durable goods industries (unadj.), total mil. $
Shipments (not seas, adj.), total
-
Durable goods industries, total? _ .....
Stone, clay, and glass products.,
Primary metals
Blast furnaces, steel mills ^ _
Fabricated metal products.-.Machinery, except electrical .
Electrical machinery.
__
Transportation equipment- _ _ _ _ _ _ _
Motor vehicles and parts..
Instruments and related products __
Nondurable goods industries, tot.il 9 .
Food and kindred products. _
Tobacco products.-_.
Textile mill productscf
Paper and allied products .
Chemicals and allied products..
Petroleum and coal products. _ _ _ _ _
Eubber and plastics products
Shipments (seas, adj.), totaL.
___-_
By industry group:
Durable goods industries, total 9
Stone, clay, and glass products
Primary metals
__ _
Blast furnaces, steel mills.... __
Fabricated metal products..-Machinery, except electrical.
Electrical machinery..
Transportation equipment
Motor vehicles and parts
Instruments and related products
1.46
1.48
1.54
1.54
1.56
1.58
1.57
1.58
1.57
1.55
1.54
1.55
1.56
1 61
1 91
.59
SO
52
1.64
1.98
1 73
2 12
1 71
2 11
1 77
2 20
1 81
2.26
1 78
2 21
1 79
2 25
1 78
2 26
1.82
2.29
62
94
55
65
98
57
.64
1 79
2 26
1.78
2.23
.66
1 83
2 32
1 02
1 00
1 04
1 02
1.05
59
59
.60
1.29
1.28
1.30
1.33
1.29
49
19
59
1.30
1.31
50
19
60
49
20
60
1 32
1 40
1.86
1,17
1 42
1 97
1.16
1.14
1.49
.59
87
.52
87
50
20
62
50
20
63
1 43
2 04
1 15
1 46
2 03
1 19
1 44
2 01
1.17
1 44
2.05
1.16
1 14
1.49
1 21
1.61
1 22
1.61
1 21
1.62
1 23
1.62
85
90
91
89
92
58
1.31
66
64
63
1 05
1 03
1 03
60
59
1 33
1 31
59
1.31
.63
.62
.64
49
20
cq
49
20
62
49
.20
61
48
20
61
49
.20
61
.49
.20
62
42
98
.16
1 40
1 98
1 13
1 40
1 94
1 15
1 36
1 83
1.13
36
81
.15
1.36
1.82
1.15
.24
.65
92
1 22
1.67
1 23
1.65
1 20
1.60
20
.60
88
1.21
1.60
49
20
62
89
90
90
.90
1.54
1.75
2.26
1.09
1 05
.66
.62
.62
59
'1.28
1.23
r 47
20
60
45
20
58
1.35
1.80
1.14
r\ 39
1 90
1.15
1 38
1 91
1 15
1.20
1.57
r
l 22
r
1 21
1.56
r
r
1.58
.91
r 92
r 998
92
9 941
11 437
1 016
1 114
963
1 016
1 201
1 053
1 123
1 098
935
982
1,035
do _ _ _ 483, 343
528 448
44,711
43, 501
41 626
44808
46 033
45 256
45, 136
46, 980
41,188
44, 413
46,657
do
252 242
do __ 11, 753
do
41 910
do
22 916
do
24 292
276
11
45
23
26
069
929
651
707
024
23425
22 982
21 395
23062
23,528
864
23 342
3 731
1 901
2 142
3 632
1 889
1 918
3 748
1 876
2 121
3 732
1 923
2 187
3 681
1 892
2 116
3 613
1 877
2,168
24 778
1 051
3 717
1 885
2 276
20 580
3 575
1 772
2 094
835
23 946
22, 089
1,083
3 401
1 814
2,222
23,565 r23 019 23 744 J 24 500
1,106 r 1 067 1 049
3,449 r 3 485
3 505 13 500
1,805 r 1 870
1 886
2,230 r % 227
2 148
40
39
73
46
9
204
852
460
470
gog
3 270
3 540
6 585
4 250
3 449
3 449
6 477
4 017
3 169
3 149
5 822
3 713
740
3 733
3 177
6 401
3 915
829
865
3 869
3 531
6 891
4 178
929
3 272
3 028
5 168
2 782
'832
3 436
3, 357
5,023
2 463
917
3 752
3 500
6 505
3 888
3 647
3,196
6,609
4 085
880
3 626
3 419
6 086
3 653
'806
252 379
87 761
5 104
21 286
7 3,54
20 519
7 348
20 231
7 085
21 746
7 490
21 914
7 466
22 202
7*811
20 608
7 352
22 324
7 634
417
22 087
7 571
21 608
7 629
433
I 860
3 077
1 733
1, 008
1 782
2 933
1 753
1,039
44393
45 511
44,460
23,060
1, 061
3,758
1,920
2,135
22,622
1,013
3,618
1,802
2,214
23 137
1 020
3 517
1,787
2 272
22 269
22,900
3 439
1 742
2 080
3,492
3,463
5,881
3.568
3,485
3,336
5,686
3,385
3 489
3 435
6 061
3 529
3 453
3 222
5 912
3 557
do
do
do _
do
do
do
do
do
do
do
do
do
do
36 490
33 593
68,039
45 412
8 347
231 101
80, 678
4,864
19,318
19 385
36 030
19, 178
11, 653
21
38
20
12
770
676
517
752
do
959
877
do __
do _ .
do
do
do__.
23,237
3, 812
1,983
2 180
23, 715
1,068
3,893
1,982
2,267
do
do
do __
do .__
do
3, 468
3, 386
6 226
3, 853
3,583
3,389
6 268
3,899
979
856
21,156
7 334
384
398
1 787 1 891
3 148
3 342
1,704
1 745
1,009
1,086
845
834
21, 796
7 672
21,400
7,381
43 932
805
21,310
7, 370
928
851
408
959
425
1 928
3*457
1 739
1*138
1 839
3 648
1 759
1 133
44 866
43 943
998
411
471
943
3 105
1 621
1 939
447
1 846 1 891
3' 5<34
3 503
1,746
1 822
1,136
1 164
1 703
3*283
1 811
1 010
44 888
45 402
44, 945
926
454
1 918
3* 581
1 789
1,112
998
431
3 556
3 722
6 228
3 500
23 275
8 407
429
1 933
3 655
1 830
1 126
44, 723 r 44 712
3,581
1, 905
2,068
3,519
1,839
2,092
3 517
3 358
6 465
3*896
3,587
3,468
6 172
3 561
3,690
3,412
5,909
3,252
878
933
3,672
3,423
6 577
3,900
836
3,455
3, 323
6,380
3,875
' 876
965
932
21 729
7 562
21 674
7 549
22,045
7 728
21 836
7 634
21, 774
7,690
441
431
22,042
7 695
438
400
22,210
7 611
428
959
'3 631
'3 394
r 5 366
r 2 744
'938
22 401
8 099
r 415
r
46 848
3 767
3,569
5 947
3 190
1 903
3,286
1, 719
1 111
1, 880
3,297
1,688
1,079
1,856
3,325
1,722
1, 075
1 878
3, 378
1 789
1 106
1 808
3,388
1 792
1 087
1 851
3, 331
1,797
1,124
1 803
3 432
1 811
1 085
1 879
3,616
1 838
1 126
4 196
9 263
5, 797
4 355
3,146
17,636
4 226
9 597
5,946
4 399
3, 211
18 132
4,185
9,344
5, 718
4, 052
3,264
17,897
4 128
9 346
5, 703
3 844
3,253
17,658
4 247
9 532
6 000
4 004
3,297
17 786
4 078
9 555
5 816
4 005
3, 039
17 450
4 222
9 684
5,925
4 324
3,023
17 767
4 174
9 608
6 026
4 360
3, 006
17 714
4 161
9 659
6,163
3 999
2,979
18 441
1,810
2,876
4,615
1 777
2 897
4^562
1 863
3 135
4 630
1 719
2 988
4 524
1 763
3 162
4,538
1 796
3 145
4 644
1 855
3 218
4 776
78, 881
50, 433
28,448
79,817
51 274
28,543
80 162
51 580
28 582
80, 817
52 107
28, 710
81, 267
52 558
28,709
80 913
52 346
28 567
80 628
52 194
28,434
81 013
52 631
28 382
80, 657
52 287
28,370
80 951
52 541
28 410
81 530
52 930
28 600
1 803
2 864
4*546
76,383
48764
27,619
1 822
9 909
4,589
77, 392
49 432
27,960
421
1,839
1 870
3,578
3,638
1 762 1,780
1,088
1 136
r 1 876
'3 666
r i 776
r 1 HO
411
1 950
3,809
1 836
1 156
4,011 r 3 991
9 630 10* 065
6,258 r 6 175
3 709 r Q 209
3,187 '•3 122
17, 928 18 150
4 198
10 457
6 431
3 676
3,290
18 796
1 826 1 833 r 1 Rfi^
3 312 r ^ 978
3 284
4,768 r 4 643
4 775
1 920
3 466
4 858
4 021
9 708
6 223
4 381
3,150
18 192
do
68,015
77 897
76 896
77 897
78,886
79394
79 708
80 330
80 578
80 390
80 897
81 370
81 176
81 481
82 083
do
do
do
do
do
42,324
1,626
6, 349
3,678
4,856
50,037
1 746
7,109
4 043
5,314
49,310
1,722
7, 057
4 077
5, 214
50, 037
1,746
7,109
4,043
5,314
50, 620
1,772
7,140
4,088
5,272
51,079
1,787
7,174
4 137
5,295
51, 216
1 794
7 213
4 128
5,273
51, 593
1,819
7,338
4,204
5,269
51, 784
1,842
7,451
4 243
5,229
51 809
1 847
7 478
4 249
5 162
52, 346
1 835
7,495
4 257
5,142
52, 784
1 813
7 482
4 265
5,179
52, 572 52 918
1,769 r i 792
7,440 r 7 464
4 248 r 4 273
5,230 r 5 268
53,505
1 782
7 466
4 265
5,341
9 942
7,653
11, 369
3,538
2.214
9 852
7. 580
11,091
3, 553
2.174
9 942
7,653
11, 369
3, 538
2. 214
10, 029
7,799
11, 717
3,608
2,211
10 117
7,857
11,921
3,640
2.222
10 152
7, 825
12, 004
3 533
2.251
10, 173
7,783
12, 164
3,454
2.290
10 234
7,755
12,184
3 398
2. 303
10 275
7 682
12 236
3 302
1 .301
10 313
7,730
12,706
3 568
2.313-
10 362
7,765
13, 082
3 781
2. 316
10 451
7,749
12, 824
3 528
2. 328 '
10 591
7, 876
13, 199
3 636
2. 351
Machinery, except electrical
do
Electrical machinery
do
Transportation equipment
do _
Motor vehicles and parts...
do
Instruments and related products do
r
Revised.
i Advance estimate.
2 Based on data
tSee corresponding note on p. S-ll.
9 Includes data for items not shown separately.
8,508
6,093
8,930
3,318
1,788
not seasonally adjusted.
10
r7
12
r3
r2
425
830
941
568
357
6, 500
23 194
8 387
1 878
3,191
1,739
1 036
432
1
929
424
420
!6,800
954
22,949 r22 311 23 654 1 25, 200
1,010
r 966
1 072
3,419 '•3 475
3 586 13,800
1,780 r 1 885 1,967
2,094 r 2 094
2 187
3 462
1 755
2 093
845
1 109
47 019
45 675
3,434
1,791
2,092
897
r 415
1,922 r 1 945
3,795 r 3 762
1,796 r 1 791
1,126 r I 195
23,633
923
r 967
23, 092 r23 555
8,144 r 8 465
23, 192
914
46 574
3,671 r 3 537
3,668 r 3 590
5,746 r 5 509
3,080 r 2 966
23 052
927
r
426
416
By market category:
Home goods and apparel. .
do
2 44, 909 2 49 509
Consumer staples
do
101 305 110 451
Equipment and defense prod., excl. auto do
2 60, 300 2 67 889
Automotive equipment. _
do
2 50 403 2 52 045
Construction materials and supplies.
_do__. 2 37, 543 2 38, 977
Other materials and supplies
do
188, 883 209 477
Supplementary market categories:
Consumer durables
.
do
2 19, 283 2 91 212
2
Defense products _
do
27 965 2 33 240
2
Machinery and equipment
do
47, 115 2 53 220
Inventories, end of year or month:
Book value (unadjusted), total
do
67, 620
77 392
Durable goods industries, total—.-.
do
41,831
49 432
Nondurable goods industries, total
do
25, 789
27, 960
1.28
59
48
20
60
Nondurable goods industries, total 9
do
Food and kindred products
do
Tobacco products
_
_
_do
Textile mill products c?1
- do
Paper and allied products...... __
do
Chemicals and allied products..
do Petroleum and coal products..
do
Rubber and plasties products...
do
Book value (seasonally adjusted), total...
By industry group:
Durable goods industries, total 9
Stone, clay, and glass products
Primary metals...
:__
Blastfurnaces, steel mills
_
Fabricated metal products
.63
94
55
1.58
1.82
2.37
r
^Beginning 4th qtr. 1966, data for the textile mill products series are withheld pending
investigation and revision.
JSee corresponding note on p. S-4.
SURVEY OF OUKRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition af BUSINESS STATISTICS
1965
1966
| 1966
Annual
January 1968
Nov.
1967
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month— C ontinued
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.) _ _ . d o _ _ _ .
Transportation equipment
do
Finished goods 9
do
Primary metals
do
Machinery (elec. and nonelec.) _ do
Transportation equipment— _ . do .
12,943
2,388
3,816
2,278
18,109
2; 130
6,699
5,465
11,272
1,831
4,086
1,187
14,802
2,603
4,877
2,477
22,263
2,477
7,853
7,512
12,972
2.029
4,865
1,380
14, 599
2,548
4,846
2,468
21,934
2,503
7,791
7,284
12, 777
2,006
4?795
1, 339
14, 802
2, 603
4,877
2,477
22, 263
2, 477
7, 853
7,512
12, 972
2,029
4,865
1,380
14, 880
2,640
4, 937
2,499
22,643
2,455
7,911
7,852
13, 097
2,045
4,980
1,366
14,856
2,638
4,910
2,519
22, 967
2,489
7,949
8,028
13, 256
2,047
5,115
1,374
14, 748
2,642
4,859
2,425
23, 140
2,470
7,981
8,220
13,328
2,101
5,137
1,359
14,721
2,705
4,781
2,363
23,423
2,510
7,987
8,439
13,449
2,123
5,188
1,362
14,576
2,706
4, 719
2,343
23,592
2,607
8,014
8,442
13, 616
2,138
5,256
1,399
14, 485
2,693
4,664
2,331
23, 704
2,646
8,065
8,488
13, 620
2,139
5,228
1,417
14, 536
2,668
4,728
2,382
24, 139
2,704
8,056
8,922
13, 671
2,123
5,259
1,402
14,668
2,626
4,725
2,591
24, 215
2,713
8,083
8,997
13,901
2,143
5,319
1,494
14, 597
2,579
4,708
2,512
24, 143
2,68t)
8,117
8,894
13,832
2,181
5,375
1,418
'14,718
'2,539
' 4, 748
' 2, 552
'24,370
r 2, 723
8,162
'8,957
'13,830
'2,202
'5,345
'1,432
14,779
2.567
4; 817
2,525
24,719
2,711
8,162
9,245
14,007
2,188
5,488
1,429
25,691
6,034
2,371
3,130
1,965
4,335
1,756
1, 279
27, 860
6,394
2,343
27, 586
6,383
2, 307
27, 860
6,394
2S343
28, 266
6,593
2, 336
28,315
6,594
2, 376
28, 492
6,669
2,389
28,737
6,756
2,383
28,794
6,737
2,377
28, 581
6,634
2,380
28, 551
6,662
2,373
28, 586
6,512
2,366
28,604 '28,563
6,391 '6,425
2,348
2,338
28,578
6,497
2,312
2,271
! 5,039
1, 869
1, 402
2,230
5,000
1,835
1, 422
2,271
5,039
1,869
1,402
2,265
5,145
1,930
1,444
2,272
5,175
1, 925
1,427
2,286
5,203
14915
1,446
2,300
5,290
1,950
1,453
2,305
5,412
1,960
1,428
2,310
5,381
1, 918
1,415
2,310
5,383
1,935
1,402
2,307
5,400
1,923
1,398
2,300 ' 2, 279
5,433 '5,407
1,925
1,920
1,389
1,398
2,283
5,455
1,932
1,420
9,964
3,862
11,865
10, 501
4,333
13, 026
10, 571
4, 253
12, 762
10, 501
4,333
13, 026
10, 609
4,349
13, 308
10, 553
4,349
13, 413
10,637
4,355
13, 500
10,712
4,346
13,679
10. 767
4,366
13,661
10, 778
4.421
13; 382
10, 661
4,362
13, 528
10, 729
4,412
13, 445
10, 719 '10,586
4,429 ' 4, 539
13,456 '13,438
10,551
4, 553
13,474
7,021
9,844
14,835
4,032
6,054
26,229
8,190
10, 476
18, 166
4,358
6,537
30, 170
8,083
10, 415
17, 877
4,354
6, 442
29, 725
8, 190
10, 476
18, 166
4, 358
6,537
30, 170
8,335
10. 698
18,495
4,424
6,493
30, 441
8,356
10, 730
18, 750
4,450
6.512
30, 596
8,327
10,861
19, 009
4,343
6,491
30, 677
8,306
10,977
19,303
4,263
6,541
30,940
8,263
10,994
19,481
4,171
6, 504
31, 165
8,085
10, 922
19, 646
4,060
6,491
31, 186
8,033
10,946
19, 892
4,297
6,433
31, 296
8,188
10,755
20, 041
4/523
6,368
31,495
8,281 ' 8, 342
10,647 '10,683
20, 218 '20,356
4,251 '4,300
6,315 '6,369
31,464 '31,431
8,344
10,766
20, 712
4,400
6,426
31,435
3,287
6,388
10,701
4.189
8^732
12, 592
4,148
8,465
12, 471
4,189
8,732
12, 592
4,311
8,990
12, 719
4,328
9,193
12, 801
4,286
9,405
12, 830
4,253
9,615
12,873
4,276
9,744
12,903
4, 232
9, 839
13, 016
4,228
10, 094
13, 037
4, 269
10, 218
13, 103
4,251 '4,348
10,213 '10,319
13, 197 '13,182
4,392
10,473
13,358
do
492, 272
_ _ d o _ . _ _ 260, 732
do
231, 540
542, 179
289, 836
252, 343
43,927
22, 738
21, 189
43, 377
22,949
20, 428
41,779
21, 562
20, 217
44, 802
23, 117
21, 685
45, 214
23, 204
22, 010
45,091
23,157
21,934
45, 199
23, 600
21, 599
47, 976
25, 830
22, 146
42, 417
21, 754
20, 663
44,630
22,268
22, 362
47, 005 '47,211
23,888 '23,660
23, 117 '23,551
46,739
23,399
23,340
2492,272 2542,179
44, 052
45, 845
43,408
43, 527
43, 700
43,849
45,738
46, 087
45, 977
45,900
45,274 '45,782
47,088
23,857
3,606
2,020
2,106
3, 497
3,250
7,209
2,763
24,263
3,591
1,886
2,108
3,590
3, 455
7,327
3,067
23, 715
3,646
1,994
1,979
3,564
3,579
6,697
2,469
23. 726
3, 470
1,794
2,254
3,945
3,640
5,950
1,705
23,416 '23,381
3,612 '3,467
1,971 '1,905
2,009 ' 2, 246
3,679 ' 3, 588
3,554 '3,473
6,019 • 6S 241
2,362 ' 3, 023
23,843
3,758
2,061
2,379
3,869
3,399
5,769
2,136
Nondurable goods industries, total 9 do
Food and kindred products
do
Tobacco products
_ _
do _
Textile mill products cT - _ 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.) total
Durable goods industries, total
Nondurable goods industries, total
New orders net (seas adj ) total
By industry group:
Durable goods industries, total 9—
Primary metals
Blast furnaces, steel mills
Fabricated metal products
. _
Machinery, except electrical
Electrical machinery
Transportation equipment
Aircraft and parts
Nondurable goods industries total
Industries with unfilled orders©
Industries without unfilled ordersf
do
do
do
do
_ do _
do
do
do
do
260, 732
41, 017
21,378
24,914
38,434
35, 292
72, 973
22,044
289,836
46, 879
24, 285
26, 743
42,677
42, 269
79, 861
27,503
do
do
do
231, 540
63,458
168, 082
252, 343
69, 463
182,880
21, 025
5,799
15,226
21, 885
6, 091
15,794
21, 336
5,934
15, 402
21, 198
5. 750
15, 448
21, 635
5,824
15, 811
21,623
5,840
15,783
21,881
5,948
15,933
21, 824
5,873
15, 951
22, 262
6,198
16, 064
22, 174
6,152
16,022
21,858 '22,401
5,966 '6,044
15, 892 '16,357
23, 245
6,167
17t 078
45, 057
101,315
65, 081
51,053
38, 058
191, 708
49, 710
110, 454
75, 275
52, 058
39, 413
215,269
4,124
9, 260
5, 543
4,184
3, 200
17, 741
4,207
9. 597
6, 607
4.200
3.373
17, 861
4,175
9,344
5,192
3,851
3,177
17, 669
4,059
9.348
5; 756
3,610
3,307
17, 447
4,148
9,529
5,760
3,830
3,293
17, 140
4,053
9,555
5, 685
3,962
3,099
17,495
4,151
9,685
6,560
4,503
2,991
17, 848
4,183
9,614
7,047
4,333
2,976
17, 934
4,139
9,663
6,230
4,077
2,951
18,917
4,077
9,713
6,230
4,288
3,305
18, 287
4,023
9,630
6,374
3,712
3,111
18,424
' 4, 027
' 10, 055
' 7, 249
' 3, 231
' 3, 249
'17,971
4,112
10, 463
5,969
3,754
3,439
19,351
19,449
32, 534
49, 679
21,318
40,469
56, 770
1,764
2,727
4,647
1, 786
3, 359
4, 603
1,826
2,846
4,545
1,698
3,330
4,242
1,748
3,235
4,315
1,712
3,273
4,443
1,728
3,865
4,607
1,829
4,201
4,794
1,814
3,641
4,853
1, 859
2,841
5,058
1,810
3,712
4,665
' 1, 906
'4,093
' 4, 614
1,867
3,143
4, 872
i 3, 700
i 5, 100
64,896
61, 543
3, 353
78, 630
75,315
3,315
78, 753
75, 346
3,407
78, 630
75, 315
3, 315
78, 787
75, 485
3,302
78, 777
75, 536
3,241
77, 959
74,795
3,164
77,794
74,609
3,185
77,856 78, 854
74, 679 ' 75, 732
3,177
3,122
80, 085
76, 908
3,177
80, 400
77, 187
3,213
80, 749 '81,385
77,510 '78,150
3,239 ' 3, 235
81, 109
77,808
3,301
178,400
66, 068
79,917
79, 581
79, 917
78,863
78, 455
77,290
77,194
77,988
79, 188
79, 764
79,985
80, 537 '81,610
81,849
62, 534
5,646
2,730
5,467
10,304
9,830
25, 993
19, 781
76, 415 ,76, 170
S,909
7,125
3, 305
3,550
6,221
6,084
12, 816 12, 818
12, 279 12, 310
32, 350 32, 078
26, 056 25, 513
76, 415
6,909
3,305
6, 221
12f 816
12,279
32, 350
26, 056
75, 427
6,466
2,880
6, 135
12, 716
12, 368
32, 046
26, 061
75, 131
6,274
2,882
6,144
12,497
12,394
32, 158
26, 505
74, 060
5,771
2,529
6,119
12, 359
12, 232
32,009
26,649
74,016
5,569
2,487
6,176
12,335
12,206
32,237
26,971
74,973
5,741
2,716
6,189
12,376
12, 133
33, 066
27, 667
76, 185
5,870
2,847
6,205
12, 449
12, 230
33, 929
28, 646
76, 710
5,935
2,936
6,116
12,426
12, 341
34, 453
29, 024
76, 801
5,886
2,890
6,277
12, 699
12, 558
33, 826
28, 520
77,268
6,078
3,082
6,193
12, 688
12, 700
33,935
28, 661
'78,340
'6,070
' 3, 1U2
'6,345
'12,645
'12,779
'34,811
'29,509
78, 526
6,242
3,196
6}537
12, 746
12,609
34, 633
29,373
By market category:
Home goods and apparel
do
Consumer staples
do
Equip, arid 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 a n d equipment _ _ _ _ _ _ _ _ _ d o _.
Unfilled orders, end of year or month (unadjusted),
total
mil $
Durable goods industries, total.
do, _
Nondur. goods indus. with unfilled orders© do
Unfilled orders, end of year or month (seasonally
adjusted) , total ._
mil. $
By industry group:
Durable goods industries, total 9 „
do
Primary metals
_
do
Blast furnaces, steel mills ...
_ do
Fabricated metal products- _ _ ,
_do
Machinery, except electrical
do
Electrical machinery.
do .
Transportation equipment- ._
do. _
Aircraft 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
Machinery and equipment....
____do____
23, 027
3,588
1,834
2,275
3, 675
3,507
5, 714
1,679
23, 960
3,677
1,737
2,403
3,582
3,358
6,540
2,410
22, 072
3,315
•1, 495
2,049
3,391
3,552
5,577
1,833
22, 329
3,427
1, 805
2,224
3,266
3,362
5,799
2, 291
22, 065
3, 013
1,434
2,247
3,351
3,273
5,911
2,207
22,226
3;236
1,701
2, 136
3,429
3, 196
6,140
2,228
3, 534
3, 502
3,411
3,502
3,436
3,324
3,230
3, 178
3,015
3, 003
3,054
3,184
3,269 >3,270
3,323
2,124
34,732
6,041
23, 171
2,230
42, 205
6,493
28, 989
2,247
41,740
6, 330
29,264
2,230
42, 205
6,493
28,989
2,219
41, 479
6,405
28,760
2,154
41,297
6, 457
28, 547
2, 050
40.886
6,454
27, 900
2,027
40,709
6,513
27,945
1,957
41, 522
6, 482
28,027
1,971
42, 517
6,450
28, 250
1,954
42,662
6,424
28, 724
2,016
42,574
6,579
28, 816
2,028 '2,054
42,692 '43,786
6,501 ' 6, 630
29, 316 '29,140
1,976
43,400
6, 777
29, 696
1,601
24, 587
16,000
1,704
31.765
19,614
1,740
31. 316
19, 602
1, 704
31, 765
19. 614
1, 720
31. 735
19; 545
1,644
32,167
19. 224
1,526
32,268
18.909
1,520
32,552
18.830
1,485
33, 253
18. 898
1,519
34, 309
19. 047
1,479
34,732
19. 124
1,511
34, 288
19. 407
1,488 ' 1, 540
34,687 '35,503
19. 307 '19.278
1,488
35,179
19. 290
' Revised.
i Advance estimate.
2 Data for total and components (incl. market
categories) are based on new orders not seasonally adjusted.
9 Includes data for items not shown separately.
0" See corresponding note on p. S-5.
©Includes textile mill products, leather and products, paper and allied products, and printing
125,000
126,100
14,100
16,500
1 79, 500
16,500
134,700
and publishing industries; unfilled orders for other nondurable goods industries are zero'
lIFor 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.
January 1968
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1967
1966
1966
Annual
S-7
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec,
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS cf
New incorporations (50 States and Dist. Col.):
Unadjusted
~
number
Seasonally adjusted©
do
INDUSTRIAL AND COMMERCIAL
FAILURES d*
.__
number.
Failures, total
Commercial service
Construction
.
Manufacturing and mining
Retail trade
.
_ __ _
Wholesale trade.. _ _
__
Liabilities (current), total
Commercial service. „_
Construction
Manufacturing and mining
Retail trade
Wholesale trade
_
do
_____do _
do
do
_ do__
thous. $
„_ __ __do
do
_ _
_ _ do
do
do
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns
203, 897
200, 010
13, 982
16 206
16, 467
16 583
18, 714
16, 703
15 225
15 987
19 036
16 244
16 511
16 760
18 700
17 627
18 591
17 799
15, 415
16, 072
17 332
17 388
16, 222
18, 409
17, 233
17, 908
16,065
18, 621
13, 514
IS, 061
1,112
1,055
1,191
1,216
1, 216
1,160
1,100
1,047
843
1,017
913
949
881
1,299
2, 513
2,097
6,250
1,355
1,368
2,510
1,852
6,076
1,255
127
214
145
526
100
111
219
157
454
114
113
223
171
558
126
152
236
160
555
113
98
159
172
490
98
93
152
145
431
92
108
197
130
426
88
102
166
133
393
87
128
227
190
557
114
125
238
149
519
129
1,321,666 1,385,659 106, 732 161,481 108, 172 113, 450 119, 322 103 817
119
193
157
515
116
105
180
163
500
99
82
132
129
405
95
93, 370 104, 643
72 551 108, 901
93, 943
81, 633
69, 977
248, 523
290, 980
350, 324
287 478
144, 361
185, 202
326, 376
352, 861
344, 346
176, 874
6,161
24, 523
33, 768
27 343
14,937
11,654
67,110
29, 338
38 631
14, 748
8,044
19, 361
32, 818
27,301
20, 648
12, 746
25, 050
32, 325
32 887
10, 442
10, 086
38, 928
29,321
32 652
8,335
9,767
29 058
27 489
25 367
12 136
10, 280
16,046
26,912
26 307
13, 825
6, 896
26, 912
26, 062
27 931
16, 842
4,690
16 191
27 100
17 062
7 508
12, 310
12, 758
33, 294
37 861
12 678
6,344
11, 536
29, 177
37, 769
9, 117
11, 052
14, 192
14, 705
33 652
8, 032
7,025
15, 780
20,678
19, 110
7,384
i 53. 3
151.6
55.6
52.4
54.9
57 1
49.7
52 1
48.6
48.6
43 2
49 3
49.1
47.4
42.2
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
Prices received, all farm productst
1910-i4=lQO_
Crops9
______-.
do
Commercial vegetables
„.._ _ _ _ do
Cotton__
_...________ do. ..
Feed grains and hay
_
do____
Food grains _ _ _
_ __
do
Fruit
-,_____.._
__.._ _ _ _ do
Tobacco
do
Livestock and products 9
do
Dairy products. _
_
do
Meat animals
____
do
Poultry and eggs
do
Prices paid:
All commodities and services.—..
do..__
Family living items
_„_
do
Production items.
do
All commodities and services, interest, taxes, and
wage rates (parity index).
1910-14=100..
Parity ratio §
do
248
234
262
245
174
164
247
513
261
261
319
145
266
235
288
215
181
185
243
553
292
293
356
161
288
306
276
297
315
285
321
77
334
80
259
230
293
185
183
189
226
557
284
324
324
163
257
229
291
186
187
191
205
562
281
320
323
158
255
225
288
168
186
187
206
556
931
311
330
152
252
223
280
175
184
179
199
561
276
306
328
142
250
224
276
173
186
189
199
561
272
300
323
144
245
223
305
173
183
185
193
558
264
291
319
130
252
221
276
167
183
188
197
558
279
288
351
126
255
227
322
169
184
179
217
558
279
288
353
123
257
225
326
178
178
167
203
558
285
292
358
133
256
224
277
186
166
169
256
560
283
302
352
128
252
217
242
180
167
167
266
537
283
312
344
133
251
224
252
230
160
173
263
537
275
320
330
122
250
227
275
257
154
168
250
544
269
321
316
122
253
231
288
233
160
169
277
557
272
321
318
129
300
318
286
300
318
287
301
318
289
301
318
288
301
318
289
301
318
288
302
320
289
303
321
290
304
323
291
303
323
289
303
323
289
304
324
289
303
325
287
304
325
288
337
77
337
76
340
75
339
74
340
74
341
72
342
74
343
74
345
74
343
75
344
73
345
73
344
73
345
73
r
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Unadjusted indexes:
All items
...
..__„___
1957-59=100
109.9 2 113. 1 114. 6
114.7
114 7
Special group indexes:
114.4
All items less shelter.
do
109.6
114.3
112 9
114 2
All items less food
_____________
do
114.8
110.4
114.9
113. 0
114.8
110.2
Commodities.
do
106 4
110 1 109 9
109 2
Nondurables
do
112.9
107.9
113. 0
111.8
112 7
103.5., 103.1 102 7
Durables 9
_ _ . do
102. 6
102.7
New cars
.
do
99.3
99 0
97.2
98.6
97 6
Used cars
do
119.3
1J4.2
120.8
117.8
113 0
Commodities less food
do
107.8
105.1
107. 7
106.5
107.3
Services
___
_
do
124. 7
117.8
125.2
122.3
125 5
127.7
Services less rent.. _ _ • • . . _
do
128.3 128 8
120.0
125 0
114.8
Food 9
.
do
108.8
114. 2
114.8
114.7
Meats, poultry, and
fish
do
111.8
105.1
114.1
110.9
110 3
Dairy products___
.. do
116.7
105.0
111.8
116.4
116.5
Fruits and vegetables
do
114.9
115.2
114,3
117.6
115 3
Housing.
__
do
112.6
113.0
108.5
111. 1
113.1
Shelter9
_
do
115. 8
116.4
110 6
114.1
116 5
Rent_______--____..__
_ do
111.2 •111.3
110.4
108. 9
111.4
HomeownersMp
do
111.4
117.8
115.7
118.6 118 7
108.3
107.2
107.7
108.4
Fuel and utilities 9
do
108.6
Fuel oil and coal.
..
do
108.9
110.2
105 6
108. 3
110 5
Gas and electricity....
._
do
108.1
108.1
107.9
107. 8
108.3
Household furnishings and operation __do
106.5
106.7
105. 0
103.1
106.7
Apparel and upkeep
...
do
109. 6
112.0
112.3
106.8
111.3
Transportation
do
114. 5
112,7
111.1
113.8 113 4
Private
do
112. 6
111,7
111.0
109.7
111.4
Public
do
129.6
121 4
125.8
129.8
129 8
Health and recreation 9
do
120. 8
115,6
121.0
119.0
121.4
Medical care
.
do
122.3
127.7
131.3
131.9
132 9
Personal care.. _
do
113.4
109. 9
113,7
112.2
113.8
Reading and recreation
do___
115.2
118.4
117.1
118.3
118.5
Seasonally adjusted indexes:*
Food
do
115 3
115 3
114 9
Apparel and upkeep...- _
do
111.3
111.7
111.9
Transportation
do
114.0
113. 3
113.2
••2 Revised.
'i Based on unadjusted data.
Beginning with indexes for Jan. 1966, data for six additional areas (Cincinnati, Houston,
Kansas City, Milwaukee, Minneapolis-St. Paul, and San Diego) have been incorporated
into the national CPI. These areas were "linked" into the CPI as of Dec. 1965 and were
first used in calculating the Dec. 1965-Jan. 1966 price change.
decompiled by Dun & Bradstreet, Inc. (failures data are for 48 States and Dist. Col.).
©Revised seasonally adjusted data for Jan. 1964-Nov. 1965 will be shown later.
114 8
115 0
115 3
115 6
116.0
116.5
116 9
117. 1
117.5
117.8
114 3
115.2
109 9
112 7
102. 8
97 3
114 0
107 6
125 9
129 2
114. 2
110 7
116.1
114 2
113.3
116 8
111.7
118 9
108.7
111 1
108.3
107.0
111.9
113 8
111.8
130 0
121. 8
^33 6
114.1
118.6
114 6
115 4
110 0
112 9
102 9
97 2
115 9
107 8
126 3
129 5
114 2
110 0
115 7
115 2
113 3
116 6
111 8
118 6
108 7
111 1
108.3
107.3
112.6
114 2
112 2
130 5
122 2
134 6
114 4
118.9
114 8
115 9
110 2
113 0
103 4
97 0
118 8
108 4
126 6
130 0
113 7
109 0
115 7
114 2
113 6
116 9
111 9
119 0
108 8
111 0
108 4
107 7
113.0
115 1
113 2
130 6
122 6
135 1
114 9
119.4
115 1
116 3
110 5
113 2
103 9
96 9
121 4
108 7
127 0
130 4
113 9
108 5
115 9
116 4
113 9
117 5
112 1
119 7
108 7
110 8
108.3
107 9
113. 8
115 5
113 6
130 9
122 8
135 7
115 0
119.6
115. 6
116. 5
111.0
113.8
104.1
96.8
122.4
108. 9
127.4
130.8
115.1
111.6
116.3
119.9
114.1
117. 7
112.2
119.9
108.6
110 5
108.2
108.1
113.9
115 7
113 7
132 2
1 23. 2
136 3
115 3
119.7
116.1
116.8
111 5
114 3
104.4
97 0
124 8
109 1
127 7
131 2
116 0
112 3
116 4
124 4
114 3
117 9
112 4
120 2
108 9
111 4
108.3
108 2
113.7
116 2
114 1
132 7
123 6
136 9
115 5
119.8
116 5
117 1
111 9
114 8
104 7
96 9
125 2
109 4
116.7
117.7
112. 0
114.9
104.8
96.1
126.2
110.0
128.7
132.3
115.9
113.4
117.3
115.6
115.0
118 7
112.8
121 1
109.4
112 3
108.9
108.8
115. 1
116 8
114 8
133 0
124 9
138 5
116 4
120.5
117.1
118.2
112 4
115 1
105.7
101 1
126 0
110 6
129 1
132 7
115 7
112 3
117 9
115 3
115 3
119 0
113 0
121 5
109 4
112 5
108 9
109 1
116.0
117 7
115 7
133 0
125 5
139 0
116 5
121.4
117.5
118.7
112 6
115 3
106 0
101 4
125 6
111 1
129 6
133 2
115 6
111 4
117 8
116 7
115 5
119 4
113 2
121 9
109 3
112 7
109 0
109 3
116.6
118 3
116 2
134 6
126 2
139 7
116 9
122.0
128 2
131 7
116 6
113 1
116 6
122 7
114 7
118 4
112 6
120 8
109 1
111 7
108 5
108 3
113 8
116 4
114 4
132 8
124 2
137 5
116 1
120 0
113 9
m K 115 3 11 K A 1 i c o •ME ft m o i is 1
113 1
113 9
113 7
114 2
115 4
114 3
115 9
114 9
115,9
115.3
115.6
iieio 116.3 117.0 117.' 3 117^8
tRevisions for Jan. 1963-Mar. 1966 (back to Jan. 1959 for all farm products, crops, and feed
grains and hay) are available upon request.
§ Ratio of prices received to prices paid (parity index).
9 Includes data for items not
shown separately.
*Ne\v series. Beginning with indexes for Jan. 1966, seasonally adjusted
indexes for selected groups and subgroups of the CPI were published by the Dept. of Labor.
Additional information and a description of the BLS Seasonal Factor Method are available
from the Bureau of Labor Statistics, U.S. Dept. of Labor, Washington, D.C. 20212.
H4 0
112.3
114.3
114 3
112 9
114.5
January 1968
SURVEY OF CUERENT BUSINESS
S-8
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1966
Annual
Nov.
1967
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec. P
COMMODITY PRICES—Continued
WHOLESALE PRICEScfi
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:
22 Commodities..
.1957-59=100
9 Foodstuffs
do
13 Eaw industrials
do
All commodities t
By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, etc
Finished goods© ._
By durability of product:
Durable goods
Nondurable goods
Total manufactures
Durable manufactures
Nondurable manufactures
1
i 104. 7
191.9
1 114. 6
i 109. 5
101. 9
i 115. 2
102.6
98.1
105.9
102.8
98.6
105.8
102.9
97.5
106.8
102.0
97.5
105. 2
100.0
96.3
102.5
98.1
95.3
100.1
99.0
98.1
99.6
98.8
97.3
99.8
97.1
95.4
98.3
96.7
94.6
98.1
95.9
93.4
97.8
1
95.0
91.2
97.7
95.1
89.5
99.1
96.2
90.7
100.1
106.7
do
102.5
105.9
105.9
105.9
106.2
106.0
105.7
105.3
105.8
106.3
106.5
106.1
106.2
106.1 ' 106. 2
do
do
do
98. 9
102.2
103.6
105. 3
104.8
106.9
101.1
105.3
107.8
100.8
105.4
107.6
101.9
105.6
107.7
100.8
105.5
107. 6
99-7
105.5
107.2
98.0
105.5
107.0
100.6
105.3
107.6
101.4
105.4
108.4
101.7
105.4
108.7
99.5
105.4
108.3
98.5
105.7
108.7
97.9
105.7
108. 6
96.9
105.9
108.9
do
do
do
do
do
103. 7
101.5
102. 8
103. 7
101.9
106. 0
105.6
105.7
106.0
105. 3
106.9
105.1
106.2
107.0
105.3
107.1
104.9
106.2
107.2
105.2
107.4
105.2
106.4
107.5
105.3
107.6
104.7
106.4
107.7
105. 1
107.6
104.2
106.3
107.7
104.8
107.6
103.7
106.2
107.8
104. 6
107.5
104. 6
106.3
107.7
105.0
107.5
105.4
106.6
107.7
105.6
107.6
105.6
106. 8
107.9
105.8
107.9
104.8
106.8
108.1
105.6
108.2
104.8
107. 1
108.4
105.8
108.7
104.2
107.1
109.0
105.3
109.1
104.0
107.2
109.3
105.2
do
107.1
106. 7
107.0
105.7
104. 6
103.4
105.0
106.8
107. 3
105.2
105. 3
104.1
103.4
101.0
104.5
95.8
97.1
99.5
99.6
98.4
99.9
90.8
97.4
97.6
99.6
98.3
89.0
94.0
100.7
104.4
98.0
85.6
102.6
102.4
114,3
96.1
85.7
104.9
102.8
107. 9
92.6
91.9
107.4
99.2
96.6
86.1
77.3
106.3
98.4
92.2
85.6
72.9
103.5
97.1
91.6
86.6
73.8
101.8
'96.4
102.9
81.3
65.6
96.2
98.7
111.7
107.3
116.8
123.0
109.3
104.7
102. 1
108.9
Farm products 9 ...
do
Fruits and vegetables, fresh and dried-do____
Grains
do
Live poultry*
do
Livestock* _
do
98.4
101.8
89.6
87.2
100.5
105.6
102.5
97.3
91.4
110.0
102.5
104.2
98. 0
85.1
98.4
101.8
101.3
101. 5
77.2
97.9
102.6
101.8
100.7
88.1
101. 4
Foods and feeds, processed 9 *
Beverages and beverage materials*
Cereal and bakery products
Dairy products
Fruits and vegetables, processed©
Meats, poultry, and fish
do
do
do
do
do
do
106. 7
105.7
109.0
108.5
102.1
101.0
113. 0
105.8
115.4
118.5
104.8
110.2
112.6
105.6
118.7
122.6
105.9
104.2
112.8
105.8
118. 0
122.3
105.8
104.4
112.8
105.8
117.6
121.8
105,9
105.4
111.7
105. 9
117.3
121.2
104.3
104. 7
110.6
105.6
117.5
120.7
104.2
101.7
110.0
105.9
117.2
120. 1
104.3
100.6
110.7
106.0
117.4
120.8
105.1
103.8
112.6
106.3
117.2
122.2
106.5
108.3
113.1
106.4
116.9
122.0
107.0
109. 9
112.1
106.6
116.8
122.1
107.1
107.4
112.7
106. 7
116.6
122.8
107.9
108. 6
' 110. 9
111.4
do
102.5
104.7
105.5
105.5
105.8
106.0
106.0
106.0
106.0
106.0
106.0
106.3
106.5 T106.8 ' 107. 1
107.3
do
do
do
do
do
do
97.4
101.8
95.0
94.4
112.7
105.4
97.8
102.8
95.7
94. 5
102.8
106. 8
98.0
103.3
96.0
95.0
91.6
107. 8
98.2
103.1
96.4
94.7
95.1
108.5
98.4
104.2
96.6
94.7
92.3
108.7
98.5
105.4
96.9
94.2
89.1
108.7
98.5
105. 9
97.0
94.4
81.5
108.8
98.8
105.2
97.6
94.0
85.3
108.8
98.8
105. 2
97.5
94.1
82. 9
108.8
98.5
105.1
97.2
94.1
79.5
108.8
98.3
103. 5
97.2
94.1
77.1
108. 8
98.0
101.8
97.1
93.6
77.2
108.8
97.9
101.2
97.1
93.5
77.1
109.9
98.2
101.6
98.3
93.6
78.5
109.9
98.2
101.7
98.3
93.7
77.9
109.9
Fuels and related prod and power 9
do
Coal
do
Electric power
Jan. 1958—100
Gas fuels.
do
Petroleum products refined
1957—59 — 100
98.9
96.5
100.8
124.1
95.9
101.3
98.6
100.3
129.3
99.5
102. 7
101.9
100.3
130.6
101.3
102.4
102.4
100.8
132.0
100.2
102.6
102.3
100.6
134.6
100.3
103.4
102.3
100.6
134.5
101.9
103.7
102.2
100.6
134.6
102.4
103.3
102.7
100.6
134.8
101.7
104.4
102.6
100.6
135.0
103.7
104.0
102.4
100. 5
134. 3
103.1
103. 9
103.0
100.6
131.8
103.3
104. 7
103.0
100.5
132.0
104.6
104.5
104.1
100.7
132.6
103.9
103.0
103.8
100.8
132.7
101.0
102.8
104.8
100.9
132.8
100.4
Furniture and household durables 9
Appliances, household
Furniture, household
Home electronic equipment*A
do
do
do
do
98.0
89.2
106.2
85.2
99.1
89.1
109.1
83.6
100.3
89.2
111.5
83.8.
100. 4
89.2
111.8
83.8
100.4
89.6
111.9
83.6
100.4
89.7
112.0
83.5
100. 6
89.8
112.4
83.3
100.6
89.8
112.4
83.3
100,8
89.7
112.4
82.9
100.8
90.0
112.4
$2.0
100.9
90.1
112.6
81.8
101.0
90.1
112.8
81.8
101.2
90.3
113.0
81.6
101.7
90.5
113.4
82.1
102. 0
90.8
114.3
82.2
Hides, skins, and leather products 9
Footwear
Hides and skins
Leather
Lumber and wood products
Lumber
do
do
do
do
do
do
109.2
110.7
111.2
108.1
101.1
101. 9
119.7
118. 2
140.8
121.1
105. 6
108.5
117.5
120.1
114.3
114. 1
103.0
105.6
117.3
120.3
109.2
116.2
102. 5
104. 5
117.9
120.9
110.1
116.9
102.6
104.5
118.0
121.6
107.8
116.3
103.6
105.4
116.9
121. 7
98.9
114.6
103.6
106.0
115.7
121.5
88.3
112, 9
104. 1
106.6
115.2
121.4
87.2
110.9
104.2
107.0
115.6
121.5
95.8
110.2
104.7
108.0
115.2
121. 4
93.4
109.5
105.3
108.3
114.4
121.2
86.8
109.2
106.1
109.0
114.4
121. 8
93.2
1.05. 3
108.7
112.0
114.8
123.6
86.8
104.7
107.3
111.2
115.4
123.7
90.4
106.5
106.7
110.9
Machinery and equipment 9 *
do
Agricultural machinery and equip _ _ . _ -do
Construction machinery and equip. ___do
Electrical machinery and equip
do
Metalworking machinery and equip.*.. do
105.0
115.1
115.3
96.8
113.6
108. 2
118.5
118.9
99.0
118.8
110.2
120.4
120.6
100.7
121.5
110. 7
120.8
121.0
101.5
121.8
111. 1
121.5
121.3
101.9
121.9
111. 2
121.7
121.4
101.8
122.2
111.5
121.9
121.5
102.2
122.6
111.6
121.8
121. 8
102. 3
122.9
111.6
121.8
121. 9
101.9
123.6
111.6
121.8
121.9
101.8
123. 6
111.6
121.9
122.1
101.7
123.9
111.8
122.0
122.4
101. 6
124.4
111.9
122.2
122.4
101. 5
124.4
112.2
122.3
124.3
101.5
124.6
112.6
123.9
125.3
101.6
125.4
Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous metals
do
do
do
do
105. 7
91.7
101. 4
115.2
108.3
92.5
102.3
120.9
109.0
93.4
102.8
121.0
109.0
93.4
102.9
120.5
109.4
92.6
103.0
121.8
109.6
92.3
103.2
122.3
109.4
92.2
103.3
121.1
109.1
92.0
103.2
120.0
108.9
92.0
103.2
118.9
108.9
92.5
103.3
118.7
109.0
92.6
103.4
118.6
109.2
92.5
103. 5
118.9
109.6
92.7
104.0
119. 4
109.8
92.9
103.9
120.7
110.5
93.3
104.3
122.7
Nonmetallic mineral products 9
do
Clay prod., structural, excl. refractories*
do
Concrete products
do
Gypsum products
do
Pulp, paper, and allied products
do
Paper
do
Rubber and products
do
Tires and tubes
do
101. 7
102.6
103.3
103.3
103.6
103.7
103.8
103.9
103.8
103.9
104.2
104.5
104.7
104.9
105.1
106.6
101.5
104. 0
99.9
104.1
92.9
90. 0
108.4
103. 0
102.4
102.6
107.3
94.8
93.3
109.3
103.5
103. 5
103. 0
108.5
95.0
93. 9
109.1
103.9
103.5
103.0
108.5
95.0
93.9
109. 3
103.9
103.5
103.1
108.5
95.6
94.9
109.3
104.4
103.5
103.3
108. 5
95.8
94.9
109.3
104.5
102.3
103.6
108.5
95.9
94.9
109.4
104.6
102.3
103.9
109.3
95.9
94.0
109.7
105.2
102.3
103.9
109. 5
95.8
94.0
109.7
105. 7
100.9
103.9
109.6
95.8
94.0
109.9
105.8
100. 7
104.1
110.9
95.8
94.0
110.4
105.8
100.7
104.0
110.9
97.8
98.7
110.7
105.9
100.7
104.1
110.9
98.2
98.7
110.7
105.9
103.9
104.3
111.2
98.8
98.7
111.1
105.6
103.9
104.6
111.2
99.1,
98.7
Textile products and apparel 9
Apparel..
Cotton products
Manmade fiber textile products
Silk yarns. .
Wool products
do
do
do
do
do
do
101. 8
103. 7
100.2
95.0
134.3
104.3
102.1
105.0
102.5
89.5
153.6
106.0
102.1
105.5
103. 0
87.7
161.1
105.1
101.8
105.4
102.7
86.9
163. 2
104. 8
102.0
105. 7
102.5
87.1
166.1
104.7
102.0
105.9
101.8
87.1
164.1
104. 7
101.8
106.0
101.3
86.9
164.1
104.0
101.8
106.2
100.8
86.8
164.5
102. 9
101.6
106.3
100.3
86.3
167.0
103. 1
101.6
106.7
99.7
85.8
167.0
103.2
101. 5
107.1
98.9
85.5
168.4
103.3
101.7
107.3
98.8
85.9
172.6
102.9
102.0
107.4
99.2
86.3
175.7
102.7
102.2
107.5
99.1
86.9
179.5
102.8
103.0
108. 0
101.2
88.1
183.9
102.2
do
do
do
__-___do
do
100.7
104.8
102. 7
106.2
100.8
106.8
104. 1
109.6
101.7
107.4
104. 8
110.2
101.7
107. 5
104.8
110.3
101.6
107.9
105.2
110.3
101.6
108.0
105.3
110.3
101.6
107.7
104.0
110.3
101.6
108.0
105.2
110.3
101.6
108.0
105.3
110.3
101.4
109.6
105.3
114.8
101.3
109.7
105.6
114.8
101.3
•110. 0
105.8
114. 8
101.5
110. 2
106.1
114.8
103.7
110.5
106.3
114.8
104.0
110.6
106.3
114.8
1957-59 =$1. 00. . $0.976
do
.910
$0. 945
.884
$0. 944
,.873
$0. 944
.872
$0. 942
.872
$0.943
.871
$0.946
.870
$0. 950
.867
$0.945
.865
$0. 941
.862
$0.939
.858
$0. 943 $0.942
. 855 .854
$0.943
.851
$0. 942
.849
Farm prod., processed foods and feeds K
Industrial commodities §
Chemicals and allied products 9
Agric. chemicals ana. chern prod.*
Chemicals, industrial
Drugs and Pharmaceuticals
Fats and oils, inedible
Prepared paint
Transportation equipment 9 *
Motor vehicles and equipment
Miscellaneous products 9 *
Toys, sporting goods, etc
Tobacco products*
107.4
117.0
123.0
112.0
102.2
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices... . .
Consumer prices
r
Revised.
*> Preliminary.
1 Computed by OBE.
<fFor actual wholesale prices
of individual commodities, see respective commodities.
^Beginning Jan. 1967, indexes
incorporate revised weighting structure reflecting 1963 values of shipments; details regarding
weight, revision as well as changes in classification structure are available from the Bureau
of Labor Statistics, U.S. Dept. of Labor, Wash,, D.C. 20212.
O Goods to users, incl. raw
$0. 937
foods and fuels.
IfFormerly "farm prod, and processed foods."
9lncludes items not
shown separately.
*New series; data prior to Feb. 1966 (where available) may be obtained
from BLS.
eFormerly "canned and frozen fruits and vegetables."
^Formerly
"commod. other than farm prod, and foods."
AFormerly "television, radio receivers,
and phonographs."
SURVEY OF CUERENT BUSINESS
January 1968
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1966
Annual
S-9
Nov.
1967
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE f
New construction (unadjusted), total
___mil. $__ 71,912
74,371
6,281
5,685
4,991
4,591
5,175
5,740
6,306
6,852
7,247
7,398 ' 7, 135 '7,065
6,736
49,840
Private, total 9
do
26, 266
Residential (nonfarm)
do
New housing units
<.
____do_
20,351
Nonresidential buildings, except farm and pub16,584
lic utilities, total 9 ._ _ _ _ _ „ _ _ j mil. $
5,128
Industrial
do
6,745
Commercial
~
do
Farm construction _ _
do.___
1,189
5, 385
Public utilities 9 _ _ _ _ _
_
do
1,461
Telephone and telegraph
, . ... ...do .
50,446
23,815
17,964
4,178
1,770
1,298
3,871
1,605
1,164
3,329
1,381
980
3,108
1,263
891
3,356
1,422
1,022
3,673
1,642
1,188
4,023
1,868
1,380
4,316
2,110
1,599
4,532
2,280
1,732
4,696
2,384
1,810
4, 778
2,377
1,835
'4,757
'2,345
'1,848
4, 610
2,323
1, 855
18, 607
6,703
6,890
1,225
1,672
609
624
1,579
575
600
1,404
492
529
1,327
482
490
1,357
473
512
1,419
464
557
1,501
499
597
1,509
515
577
1,554
541
593
1,589
530
597
1,678
592
626
'1,665
'547
'663
1,576
494
642
1,600
144
151
102
115
139
127
138
151
134
142
140
147
22,072
23,925
2,103
1,814
1,662
1,483
1,819
2,067
2,283
2,536
2,715
2,702
'2,357
' 2, 308
7,881
602
365
852
7,554
8,921
653
369
713
8,359
766
63
27
60
723
727
59
28
57
543
694
55
31
49
460
646
53
25
45
376
738
58
28
45
546
818
68
27
44
668
890
73
42
46
784
45
57
34
64
30
70
37
71
37
69
72.0
47.1
20.3
72.2
46.4
19.8
74.8
48.3
19.9
75.0
48.0
20.3
73.1
46.9
20.8
72.0
46.0
21.1
73.9
47.8
22.1
74.2
48.1
22.9
75.9
49.2
23.7
77.0
50.2
24.6
' 76. 3
51.7
25.3
'76.9
'52.2
'26.0
77.2
52.1
26.6
18.7
6.9
6.7
18.5
6.5
7.0
20.5
7.1
7.9
19.8
7.1
7.7
18.2
6.1
7.2
17.3
5.6
6.9
17.8
6.0
7.1
17.3
5.9
6.7
17.6
6.2
6.7
17.6
6.0
6.4
18.4
6.6
6.7
' 18. 3
'6.2
f-7.0
17.6
5.6
6.9
Public, total 9
_
_ _do___
Buildings (excluding military) 9
_____do
Residential.
_-•
_ - • _ ' .. _ .do
Industrial..
-.
. . .do
Military facilities..
do____
Highways and streets
do
New construction (seasonally adjusted at annual
rates), total
bil. $
Private, total 9
do
Residential (nonfarm)
!___.
do
Nonresidential buildings, except farm and public utilities, total 9
. '__
bil. $__
Industrial
do
Commercial
do
Farm construction
__do
Public utilities 9
do
Telephone and telegraph
do
Public, total 9 ._ _
do
Buildings (excluding military) 9
____do
Residential
.
_
do
Industrial .
do
Military facilities
do
Highways and streets
do
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Co.):
Valuation total
mil $
Index (mo. data seas, adj.)
1957-59=100
Public ownership
mil. $
Private ownership
do
By type of building:
Nonresidential
do
Residential
.
do
Non-building construction. _
do
New construction planning
(Engineering News-Record) §
_.
do
Concrete pavement awards:
Total.. _ _ • _ '
__
thous.sq.yds-Airports._.
______do
Roads
do
Streets and alleys.. _
_ do_ _
Miscellaneous
do
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total, incl. farm (private and public) $__thous_.
One-family structures. • _
do
Privately owned t
do
Total nonfarm (private and public)!
In metropolitan areas
Privately owned!
___...
Seasonally adjusted at annual rates :f
Total, including farm (private only)
Total nonfarm (private only)
1.6
1.7
1.6
1.6
1.7
1.5
1.7
1.7
1.6
1.6
1.7
1.7
24.9
25.8
26.5
27.0
26.2
25.9
26.1
26.1
26.8
26.9
'24.6
'24.7
9.4
.7
.3
.6
8.2
9.4
.7
.4
.8
9.1
9.7
.7
.4
.7
9.5
9.5
.8
.3
.8
10.2
9.8
.8
.3
.6
9.1
9.9
.9
.3
.6
9.0
10.1
.9
.4
.5
8.9
.5
.6
.5
.8
.4
.7
.5
.7
.4
.7
25.1
149,272
i 50, 150
3,461
3,189
2,838
3,300
4,424
4,389
5,095
5,414
4,879
5,104
4,695
5, 053
2143
2145
130
133
126
143
149
138
154
164
149
165
168
171
168
U6,209
i 33, 064
1 18, 152
1 31, 998
1,357
2,104
1,287
1,903
1,113
1,725
1,188
2,112
1,509
2,916
1,498
2,891
3,275
1,820
2, 169
3,245
1,989
2,890
1,824
3,280
' lf, 677 ' 1, 527
'3,018 '3,527
1,435
2,823
1 17, 219
i 21, 248
1 10, 805
1 19, 393
1
17, 827
112,930
1,424
1,076
961
1,358
903
928
1,175
937
726
1,430
1,056
814
1,714
1,584
1,127
1,830
1, 627
931
1,808
2,002
1,285
2,070
2,000
1,344
1,749
1,829
1,302
1,847
1,912
1,345
1,786
1,741
1,169
1,874
1,887
1,292
1,586
1,717
956
4,434
6,940
4,940
5,401
4,781
3,359
4,293
5,809
6,829
5,506
4,053
4,932
4,295
5,896
4,258
45, 625
52,112
125, 580
4,410
86,779
29, 016
5,376
119, 108
4, 187
87,834
23,643
3,443
1,509.6
965.0
1, 472. 9
1,196.2
779.5
1, 165. 0
75.1
50.2
72.8
62.3
38.0
60.2
61.7
40.6
59.1
63.2
40.4
61.4
92.9
66.6
91.5
115.9
79.9
113.7
134.2
87.4
132.0
131.6
87.7
125.4
126.1
82.4
125.3
130.2
83.8
127.4
125.8
'78.2
121. 9
' 137. 0 '120.0
67.4
'81.3
' 135. 4 ' 118. 2
83.4
do..— 1, 487. 5
do
1,034.5
do
1, 450. 6
1, 172. 8
807.3
1, 141. 5
73.7
47.9
71.4
61.1
43.6
58.9
60.4
43.0
57.7
62.0
43.9
60.2
90.7
62.6
89.2
114.2
77.4
112.0
131.9
91.7
129.7
129.6
87.9
123.4
124.9
87.7
124.0
126.5
89.8
123.6
123.4
'88.3
119.5
' 134. 6 ' 118. 3
'98.2
82.9
' 133. 1 ' 116. 5
82.5
975
956
931
910
1, 111
1, 079
1,149
1,132
1,094
1,067
1, 116
1, 099
1,274
1,254
1,233
1,214
1,369
1,356
1,407
1,381
1,445
1,415
' 1, 496
'1,478
' 1, 587
' 1, 564
1,256
1,241
719
440
761
476
942
549
894
551
928
558
1,028
578,
1,033
601
1,109
630
1,093
626
1,127
639
L159
'638
1,212
673
' 1, 158
'625
1,362
702
123
123
124
126
'128
'129
'129
'130
130
891
970
997
890
883
891
972
997
890
882
917
998
1,015
924
912
919
1,001
1,016
928
912
922
1,019
1,019
928
912
930
1,024
1, 025
933
916
do
do
359,306
3 2, 255
3
42,723
312,455
31,873
New private housing units authorized by bldg. permits (12,000 permit-issuing places):
Seasonally adjusted at annual rates:
Total
(
thous__
One-family structures
__ _
do
1,240
710
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
116
121
122
122
123
123
824
904
925
814
808
867
941
963
867
852
885
970
979
886
878
887
970
979
884
879
889
970
992
890
883
891
970
997
890
883
972
563
Associated General Contractors (building only;
129
129
129
123
127
1957-59=100r
2
Revised.
i Annual total includes revisions not distributed to months.
Computed
from cumulative valuation total.
3 Data cover 6 months.
f Revised series. Monthly data for 1962-66 appear in Bu. of the Census Construction
Report C30-66S.
2,126
899
982
997
890
912
909
982
997
891
912
915
995
1,013
923
912
80.5
79.5
129
129
134
134
129
133
133
133
134
130
131
9 Includes data not shown separately.
§ Data for Dec. 1966 and Mar., June, Aug., and Nov. 1967 are for 5 weeks; other months,
4 weeks,
t Revised data for Jan.-May 1966 will be shown later.
SUEVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
| 1966
Annual
January 1968
1966
1967
Dec.
Nov.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
E.H. Boeckh and Associates, Inc.: *I
Average, 20 cities:
All t vpes combined - _ _ .
— 1957-59 = 100
Apartments, hotels, office buildings.. _ _ _ d O - _ .
Commercial and factory buildings
do
Residences.,
_ _ __
do
Engineering News-Record:
Building
_
. do
Construction
do
Bu. of Public Roads—Highway construction:
Composite (avg. for year or qtr.)
1957-59=100
117. 2
118. 5
117. 2
115.2
122.1
123. 2
122. 2
120.1
124.7
125. 6
125. 0
122.2
125. 1
125.9
125.5
122.6
125.3
126.2
125.7
122.9
125.4
126. 3
125.8
123.0
125.5
126.3
125.8
123. 1
125.8
126.6
126.1
123.3
127.0
127.9
127.3
124.8
130.1
131.2
130.2
127.9
131.9
133.0
132.2
129.4
132. 3
133. 4
132.6
130.0
133.3
134.1
133.8
130.6
133.6
134.5
134.2
130. 9
118.9
127.8
123. 8
134 3
125.0
136 4
124. 9
136.5
125.2
137 3
125.5
137 5
125.9
137 8
125 9
137 8
127. 2
139 9
128.1
141 1
128.6
142 5
129.4
143. 8
130. 1
144,3
130. 6
144 9
105.7
113.0
156.3
157. 6
112.8
112.3
113.2
130.9
144 9
1 131. 0
* 145. 1
123.0
CONSTRUCTION MATERIALS
Output index:
Composite, unadjusted 9.Seasonally adjusted-
1947-49=100
„.__-.. do. _
Iron and steel products, unadjusted
Lumber and wood products, unadj
Portland cement, unadjusted
-
do
do
do
139.5
146.4
124. 5
144.9
129.0
137.5
126.5
143. 1
r
158. 0
r 163. 5
164. 5
148.9
O46.4 ' 153. 4
166.7
155.5
149.6
154. 6
179.6
162.7
161.4
154.3
166.9
147.8
161. 1
155.3
186.2
169.0
155 0
189 8
152.1
135.3
174.7
138. 0
129.1
125.9
143.3
132.7
110.4
132.4
137.1
102.5
171.3
164 8
148.5
164.2
145 3
167. 1
182.4
156 3
208.0
177.0
152.6
226.9
156.4
131.7
225.4
187.6
165. 7
266.6
' 160. 2
155. 5
234. 2
172. 1
163.0
239.3
188.9
153.0
102.1
99.2
8.7
135
7.0
103
12.5
203
6.6
104
10.1
157
7.1
107
10.7
135
7.7
104
16.6
152
10.3
103
14.8
162
11.0
125
16.0
160
10.9
108
16.3
166
12.8
135
12.7
150
12.2
145
17.1
176
11.6
124
14.6
178
10.8
129
15.3
181
12.5
155
12.9
194
9.5
136
10,2
168
7.8
125
368. 53
247. 50
327. 27
225. 63
379. 30
213.88
301 12
1.68. 52
388. 16
195. 36
358.98
184. 12
406. 92
231. 28
508.04
265. 88
501. 11
295. 92
653. 83
340. 29
643. 11
352. 10
665.33
434. 29
620. 86
382.91
340. 32
7,084
6,935
6,340
5,800
5,175
4, 782
4,421
4,302
4,221
4,153
4,122
4,114
4,188
4,386
866
935
788
950
1, 347
1,339
1,738
2,162
1,860
2,228
1,971
1,950
I, 801
1,760
'185
423
'268
189
422
324
165
365
258
205
420
325
306
571
470
312
586
441
382
951
527
424
1,186
618
381
1,017
573
REAL ESTATE
Mortgage applications for new home construction:
Applications for FHA commitments
thous. units. .
Seasonally adjusted annual ratesj
do
Requests for VA appraisals
__do.__Seasonally adjusted annual ratestdo
Home mortgages insured or guaranteed byFed Hous. Adm.: Face amount
mil. $ 7, 464. 59 6 095 32
2, 652. 23 2, 600. 53
Vet. Adm.: Face amount §_.__
_do
Federal Home Loan Banks, outstanding advances
5,997
to member institutions, end of period
mil. $~
6,935
New mortgage loans of all savings and loan associations, estimated total... __
.-mil. $__
By purpose of loan:
Home construction
_
do
Home purchase
do
All other purposes >
do
N^onfarm foreclosures
Fire losses (on bldgs , contents, etc )
number
mil $
23,847
5, 922
10, 697
7,228
r
16, 720
T
r
r
3, 606
7 746
5, 368
400
779
559
435
1,046
681
117 473
9,713
9,208
10, 211
8, 701
10, 584
9,774
9,914
10, 035
9,484
10, 274
9,407
1 455 63 1 496 76
115. 63
142 21
159 74
155 08
149 66
142. 86
143 15
164. 04
144. 17
173 25
116. 95
150
130
160
121
111
117
195
145
129
157
112
78
118
197
144
126
160
111
94
124
188
143
124
153
104
119
105
197
145
121
150
113
95
114
206
152
130
162
113
88
125
217
116 664
r
413
949
588
r
114. 79
388
856
557
381
778
601
115. 21
DOMESTIC TRADE
ADVERTISING
Marketing/Communications advertising index, seasonally ad justed :d"©
Combined index
1957-59—100
Business papers
do
Magazines
do
Newspapers _
do
Outdoor
do
Radio (network)
do
Television (network).
do
136
121
147
108
92
109
175
Television advertising:
Network (major national networks) :
Net time costs, total.- __
mU. $
1, 260, 3
Automotive, iricl. accessories
do
99.1
Drugs and toiletries
do
409.2
234.8
Foods, soft drinks, confectionery
do
112. 0
Soaps, cleansers, etc
_
do
Smoking materials .
do
145. 4
259. 8
Allother
do
Spot (natl. and regional, cooperating stations) :
Gross time costs, total
mil. $__ 1, 075. 5
Automotive, incl accessories
do
38 9
Drugs and toiletries
do
207 4
377.7
Foods, soft drinks, confectionery
do
Soaps, cleansers, etc
do
100.4
Smoking materials
do
48 7
Allother
do
302.4
Magazine advertising (general and natl. farm magazines):
Cost, total-..mil. $-.. 1, 076. 9
64.8
Apparel and accessories
do
Automotive, incl. accessories
__do
111.7
Building materials. __
do
30. 4
Drugs and toiletries
_
do
115.9
133.9
Foods, soft drinks, confectionery- __ _ _ do
148
128
159
119
91
118
194
155
128
167
124
95
114
210
150
128
168
110
116
93
201
156
133
170
119
113
124
212
148
125
155
113
85
115
211
1,411.3
106 7
429 8
274 0
131.5
161 4
308 0
446.5
39.9
128 0
80.0
35.3
52.5
110 8
402.9
29 5
122 8
86 9
37.5
48 3
77 8
1,189.3
54 1
219 4
414 2
103 3
51 0
347 3
314,8
13 7
58 1
108 4
23.2
13 5
97 8
274.3
15 8
55 5
109 9
22 6
13 0
57 3
1,166.7
68.1
123.5
34.5
134.4
125.4
126.1
6.0
13.5
2.7
15.2
12.8
101.5
4.0
7.8
1.4
13.8
10.3
68.4
1.7
7.0
1.4
8.0
7.1
11.0
69.3
14.1
Beer, wine, liquors.
. _
do
3.0
79. 2
8.5
5.0
71.5
2.8
Household equip., supplies, furnishings. _do_- ._
80.1
5.6
4.5
Industrial materials
do__._
50.5
4.0
53.3
2.5
1.4
21.7
1.1
Soaps, cleansers, etc
do
17.6
4.5
41.6
4.5
Smoking materials
do
2.5
39 6
43.9
Allother..
do
365. 6
34.7
29.7
411.0
'•Revised.
1 Index as of Jan. 1,1968: Building, 132.0; construction, 146.2.
f Copyrighted data; see last paragraph of headnote, p. S-l.
9 Includes data for items not shown separately.
^Revised seasonally adjusted data for 1958-64 for mortgage applications and for Jan.-Oct.
152
127
165
120
92
123
207
89.9
41
10.1
2.0
11.6
10.4
106.4
68
10.9
3.8
11.5
11.0
306.8
22.6
93.3
64.6
31.8
36.8
57.7
317.6
21 0
85 4
66.0
30.8
37.6
76 7
--
110.9
8.3
10.2
4.2
13.0
8.6
112.1
5.7
10.6
3.9
13.4
9.6
97.8
2.4
8.4
3.1
14.9
10.4
69.3
.9
4.0
1.7
10.8
9.4
64.4
5.3
3.1
1.5
10.2
6.9
108.0
9.8
8.2
3.1
13.3
9.8
-
118.4
7.0
13.3
2.7
14.8
10.8
115.6
5.4
9.8
2.2
14.6
11.9
99.9
3.3
8.1
1.4
12.3
10.1
11.5
15.0
6.5
9.5
5.6
8.1
3.4
6.6
6.8
8.1
5.1
7.5
5.1
9.0
6.2
5.6
3.7
8.6
2.9
6.5
9.3
3.5
5.4
4.4
5.6
4.4
6.4
7.1
5.9
3.6
4.1
5.5
6.3
2.2
2.2
1.1
2.0
2.4
1.6
1.4
2.5
2.5
2.3
1.7
3.7
4.7
3.8
3.5
3.2
2.9
3.1
3.5
2.5
3.4
31
34.4
41, 3
39.8
24.4
38.8
32.6
39.9
23.6
38.2
39.1
33.9
1966 for new mortgage loans will be shown later.
§Data include guaranteed direct loans sold.
®Formerly Printers' Ink
c? Revisions for Jan. 1964-Feb. 1966 will be shown later,
advertising index.
SURVEY OF CUREENT BUSINESS
January 1968
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
S-ll
1967
1966
Annual
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
300.1
80.6
219.5
16.5
279. 1
76.4
202. 7
15.7
269.8
76.3
193.6
11.2
4.2
19.0
159.2
269.8
73.1
196.7
13.7
4.8
26.2
152.0
296.2
76.9
21&3
12.7
6.2
29.9
170.5
305.8
68.4
237.4
13.9
5.3
28.7
189.5
Dec.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising linage (52 cities) :
Total
mil
Classified
Display, total
Automotive
Financial
General
Retail
lines
do
do
do
do
do
do
3, 164. 6
865.6
2, 298. 9
170.4
83.4
288.5
1, 776. 7
3 354 3 305 4
70,4
924 3
235.0
2, 430. 0
14 2
182 9
58
73.2
32.6
310.3
1 863 6 182 4
mil. $
283, 852
303, 672
do
_ do -.
do
do
93. 718
56, 266
53 217
3,049
97 812
57, 414
53 875
3*539
Furniture and appliance group 9
Furniture, homefurnishings stores
Household appliance TV, radio
do .
do _
do
13, 737
8,538
4 223
Lumber building hardware group
Lumber, bldg. materials dealers cT
Hardware stores
_
do
do
do -
289 7
61 1
228. 6
9 2
57
23.1
190 6
241.1
71.1
170.0
11 6
233.6
66.4
167.2
12.3
20.5
129 9
26, 158
31, 804
8.410
4,899
4 587
312
8 916
4,638
4 236
*402
14, 978
9 089
4 905
1,391
1,712
12 115
9 302
2,813
12? 307
9 340
2 967
1 012
190, 134
15, 752
3 258
6 243
3 sgo
2' 571
205,860
17 276
3 537
6 913
4 015
2 gn
17, 748
1,553
Drug arid proprietary stores
^_ _ do __
Eating and drinking places...
do
Food group
do _
Grocery stores^ _« _ _ - . . _ _ „
do ._
Gasoline service stations
__do-
9,335
21, 423
66, 822
60, 970
21, 765
10 148
23^ 431
71 125
65 105
23, 012
General inerch andise group 9
Department stores
Mail order houses (dept. store mdse.)
Variety stores
Liquor stores
_
35, 840
23 421
2,581
5 320
6 305
39, 811
26 094
2 691
294.3
80.2
214.1
15.6
22.7
127. 5
278 3
74 1
204.3
14 3
5 6
25 5
158 9
28.9
163.8
29.3
168.1
26.3
155.3
246.4
74.9
171.5
11.9
5.8
17.8
136 0
22, 567
21, 648
25, 679
25, 081
26, 557
27,816
26,005
26,201
7,018
4,197
3 963
*234
6,801
4,010
3 787
8, 205
4,955
4 644
311
8,928
5, 413
5 084
329
9, 398
5,644
5,273
223
8 234
4,989
4 711
'278
8,547
5,014
4 670
344
8,298
4,669
4 338
331
8,200
4,515
43 192
323
1,136
1,101
1,192
1,160
1,245
1,313
1,239
1,325
1,367
770
399
818
424
1 143
1,187
881
262
911
256
1,121 ' 1, 145
867
'892
254
'253
17, 458
1,301
17,903
1,451
293
546
372
240
7.9
4.7
5.8
5.6
5.4
RETAIL TRADE
All retail stores: f
Estimated sales (unadj.), total f-_
„
Durable goods stores 9
Automotive group
Passenger car other auto dealers
Tire, battery, accessory dealers
Nondurable goods stores 9
-..—do
Apparel group
.
do
Men's and boys' wear stores
do
Women's apparel, accessory stores do
Family and other apparel stores
do
Shoe stores
do
do
do _
do
do
do • _.
K 797
fi 7KQ
Estimated sales (seas, adj.), total f —__._,. do
836
453
759
253
325
614
383
231
840
943
622
1 014
645
369
22,888
2,540
586
979
638
337
804
439
999
738
261
1 115
1, 167
844
271
884
283
16,876
1,375
282
550
307
236
17, 629
1,439
18, 218
1,473
297
575
319
248
337
552
337
247
851
894
2,093
5, 888
5, 391
2,034
2,197
6,259
5,742
2,136
888
882
2,293
6 145
5,632
2,159
2,316
6,059
5,544
2, 113
2,178
6, 236
5,729
2,030
3,516
2,319
725
370
741
557
184
905
684
221
14,847
1,042
213
422
239
168
17,445
1 512
277
590
354
991
654
375
777
574
203
15, 549
1,224
272
480
273
199
781
391
715
401
676
380
371
910
286
492
314
209
1,195
2,039
6,679
6,134
1,972
837
818
1, 884
5, 755
5.279
1J922
1,845
5 548
5,092
1,827
1, 726
5,407
4,961
1,722
1,940
8 096
5 596
1,901
1,991
5,810
5, 343
1,940
3,958
2 575
6,111
4 025
2,400
2,511
1 658 1, 534
3, 197
2 077
3,049
2,016
221
466
551
199
414
541
3,322
2 194
208
470
572
3,483
2,322
198
492
586
3,085
2 008
179
455
577
3,502
2,280
233
501
580
341
524
587
350
989
896
156
330
514
172
347
500
893
26,239 '26,162 '27,215 132,362
879
' 8, 574
'4,870
4, 531
'339
f
1,365
'820
'440
805
484
' 8, 519
'4,817
4,449
368
'1,483 1 1,792
873
493
•1, 057
802
255
18,039 '17,588 '18,696 123,430
1,574 ' 1, 472 ' 1, 612 12,475
304
350
'300
'577
595
611
408
394
'361
'234
243
281
'891
' 2, 030
' 6, 015
' 5, 510
'2,060
11,233
i 2, 139
i 6, 756
i 6, 188
i 2, 105
'3,519 '4,215
' 2, 312 ' 2, 758
359
223
264
571
496
'479
589
618
' 573
16,397
i 4, 219
'
'
'
'
'886
2, 121
5, 842
5, 338
2, 035
26, 732 ' 26, 089 '26,467 126,343
25, 610
25,368
25, 687
25, 470
25, 739
25, 918
25, 897
26, 544
26, 444
26, 422
do __
do
do __
do
8,143
4 761
4 445
8,156
4 745
4 445
8 200
4 604
4 298
8 150
4 602
4 291
8,104
4 660
4 348
306
7,955
4 394
4 085
309
311
312
8 187
4 752
4 448
304
8,546
5,069
4,750
319
8 592
5 130
4 814
316
8,508
5 053
4 731
322
8,743 ' 8, 235 ' 8, 256
5,224 ' 4 707 4 731
4,891 ' 4 361 4,366
333
365
' 346
Furniture and appliance group 9
Furniture, horoefurnishings stores
Household appliance, TV, radio
do __
do
do
1 283
1 270
1 312
1 308
1 278
1 286
1 306
1, 295
1 267
1 299
1,347
Lumber, building, hardware group
Lumber, bldg. materials dealers cf
Hardware stores .
do
do
do -_
986
737
249
997
747
250
Nondurable goods stores 9
Apparel group
Men's and boys' wear stores
Women's apparel accessory stores
Family and other apparel stores
Shoe stores. _ _
do
do
do
do
do
do __
17, 467
1 463
17, 212
I 386
Durable goods stores 9
Automotive group
Passenger car, other auto, dealers
Tire, battery, accessory dealers
Drug and proprietary stores
Eating and drinking places
Food group
_
Grocery stores
Gasoline service stations
_
316
775
416
303
573
345
242
do
do
_ do ..
do do
General merchandise group 9
Department stores
Mail order houses (dept. store incise.)
Variety stores... _
.,_
Liquor stores
876
do
do __
do
do -.
do
300
741
425
282
536
335
233
892
792
439
1 062
803
259
17 487
1 514
*317
587
360
250
780
449
1 058
801
257
17, 515
1 476
304
576
357
239
755
441
1 049
794
255
17 589
1 443
315
557
343
228
791
423
1 048
'779
795
420
775
450
1 001
1 014
269
750
251
754
260
17 814
1 585
17 710
1 490
17, 998
1 524
333
614
384
254
317
585
342
246
326
596
358
244
784
397
781
424
1 031
1 025
*767
771
260
17 852
1 538
258
17 914
1 562
340
605
367
250
332
594
371
241
812
450
1 300
r 771
'423
794
450
1 041 ' 1 038 1 021
774
789
' 786
r 252
252
247
17, 989 r!7 854 ' 18, 211 118 027
1 559 r 1 435
1 500
322
318
' 307
607
569
' 575
F 349
373
368
245
257
' 254
901
2 019
5, 861
5, 376
1 915
2 036
5 911
5 417
1 931
2 026
5,942
5 452
1 968
2 046
6,041
5, 535
1 964
2 034
5 985
5 513
1 992
2 038
5 996
5 507
1 996
2 059
6,050
5 548
2 040
2 071
6 002
5' 500
2 020
2
6
5
2
09i
019
516
003
2 110
6,042
5 535
2 028
924
' 912
' 2 104 2 139
' 6 054 6, 112
r 5 543
5 600
r 2 015
2 077
3 476
2, 273
3 311
2,162
3 419
2 244
3 361
2 191
3 327
2,200
3 479
2 278
3 468
2 283
3 604
2 377
3 529
2 305
3 565
2 341
3 587
2 354
3 609
' 3 543
' 2 321 2 369
238
503
570
216
475
564
220
486
591
883
230
472
595
889
223
448
584
906
230
520
609
903
215
504
598
923
228
516
599
903
913
236
506
580
222
516
597
239
516
§99
250
r 503
r 600
239
533
595
Estimated inventories, end of year or month: f
Book value (unadjusted), total f
mil. $...
Durable goods stores 9
-_do__-Automotive group
.
do -Furniture and appliance group..
do
Lumber, building, hardware group. _do._--
33,435
14, 737
7,070
2,390
2,386
35, 846
16, 144
7,938
2,512
2,401
38. 171
16, 334
7,615
2,775
2,492
35, 846
16, 144
7,938
2,512
2,401
35, 856
16, 574
8,160
2,515
2,444
36,349
16,681
8,255
2,518
2,410
37, 108
16, 855
8, 221
2,548
2,471
37, 199
16, 826
8,105
2, 599
2,514
36, 935
16, 695
7,966
2,606
2 527
36, 337
16, 295
7,683
2,594
2,477
35, 894
15, 972
7,363
2, 556
2 432
35, 106
14, 691
5,972
2,564
2 419
35, 705 '36 768 37,890
14, 786 ' 14, 968 15, 363
6,066 ' 6 172 6,451
2,603 ' 2, 636
2,722
2,440 '2 443 2, 455
Nondurable goods stores 9 _ . .._.._-. do ..
Apparel group .
do
Food group
'__ „_
do
General merchandise group . . . _ _ _ - do
Department stores
_do
18,698
3,811
4,066
5,882
3,519
19, 702
4,102
4,201
6,425
3,919
21, 787
4 649
4,258
7,671
4,760
19, 702
4,102
4,201
6,425
3,919
19, 282
3 977
4 164
6,309
3, 793
19,668
4 222
4 129
6,460
3,891
20, 253
4 308
4 189
8,767
4,108
20 373
4 314
4 167
6 833
4, 123
20 240
4 270
4 149
6 816
4,120
20 042
4 131
4 176
6 693
4, 025
19 922
4 125
4 122
8 760
4,076
20 415
4 407
4 108
6 970
4,212
20, 919 '21 800 22 527
4 ^45 ' 4 617 4 747
4 156 ' 4 320 4 463
7,320
8*142
7 851
4,449 ' 4, 845
5,055
34, 607
Book value (seas, adj.), total L . . _ do
36, 961 36, 734 36, 961 36 924
15, 194
Durable goods stores 9 _ ....
do
16, 536 16, 581 16, 536 16, 491
7,244
Automotive group,.
do
8,171
8,108
7, 867
8,108
2,449
Furniture and appliance group _.
do
2,574
2 648
2 574
2 598
2,467
Lumber, building, hardware group._.do
2, 483
2. 530
2.525
2.483
' Revised.
i Advance estimate.
fRevised series. Data reflect use of new sample
(effective with data for Oct. 1965) based on definitions and classifications of the 1963 Census
of Business; the 1965-66 retail inventories also reflect incorporation of new data from 1965
Ketail Trade (Census annual) and updating of seasonal factors. Latest revised data back
to 1959 appear in the November, April, and February 1966 issues of the SURVEY (refer in
36 644
16, 315
7,872
2 612
2.447
36 526
16, 142
7,515
2 561
2,418
36 236
16, 033
7,409
2 568
2.448
36 263
15, 904
7 315
2 585
2! 451
36 087
15, 661
7 154
2 586
2! 419
35 997
15, 549
6 966
2 571
2. 427
36 028
15, 503
6 867
9 569
2! 429
36 143
15, 711
7,041
2 567
2.452
i 8, 316
1, 341
1 979
5,921
5, 437
1 939
877
18,932
14,576
r 36 217 36 474
' 15^ 681 15, 728
r 7 006
7 048
' 2 549 2 610
' 2! 468 2! 475
that order to pp. 26,18, and 20, respectively); revised accounts receivable data prior to Oct
1965 are not available. Complete details for retail sales appear in the Monthly Retail Trade
Report, Jan. 1966 and subsequent issues, available from the Bureau of the Census, Wash.
D.C. 20233. 9 Includes data not shown separately, cf Comprises lumber yards, building
materials dealers, and paint, plumbing, and electrical stores.
January 1968
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1966
Annual
Nov.
1967
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
20,448
4,328
20, 525
20, 432 '20,580
Oct.
Nov.
Dec.
DOMESTIC TRADE—Continued
RETAIL TRADE—Continued
All retail storest— Continued
^
Estimated inventories, end of yr. or mo. f— Con.
Book value (seas, adj.)— Continued
Nondurable goods stores 9
mil $
Apparel group " _
do
Food group
do
General merchandise group
do
Department stores
do
19,413
4,033
4, 086
6, 340
3 772
20, 425
4, 318
4 200
4,150
6, 745
4 111
Firms with 1 1 or more stores : f
Estimated sales (unadj ), total 9 1
4,209
6,909
20, 153
4,230
20,203
4,288
20,433
4,343
4,248
20, 329
20, 384
4,162
4 200
4, 162
4,114
6,817
4,115
20, 359
4, 335
4,149
6, 900
4i 174
20, 426
4,321
4,184
4,240
4,156
6, 895
4,179
20, 425
4,318
4,209
6,909
6,951
4,389
6,832
4,369
4,201
4,189
6,961
4 233
4,333
4,205
6,997
4,250
6,904
4,264
4,181
7,019
4,261
'4,236
'4,231
7,067
20, 746
4,294
4,321
7,141
' 4, 299
4,345
do
73, 356
80 323
7 190
9, 940
5,695
5,550
6,855
6,500
6,839
7,252
6 683
7,063
7, 292
'7,050
7,820
Apparel group 9
Men's and boys' wear stores
Women's apparel accessory stores
Shoe stores •
do
do
do
do
4, 445
557
1, 656
1,168
4,770
573
444
57
166
108
722
99
266
169
306
43
106
85
271
31
102
76
430
45
152
133
371
43
140
101
404
47
152
111
415
53
151
114
339
39
126
92
411
43
148
112
444
47
160
135
426
52
157
111
476
63
173
118
Drug and proprietary stores
Eating and drinking places
Furniture and appliance group
do
do
do
2,300
1 891
1 193
2,663
229
184
117
380
203
136
217
193
90
221
185
89
250
206
103
229
202
104
243
214
115
256
223
116
247
223
113
251
226
118
253
222
119
254
223
124
267
216
126
26 112
28 988
19* 653
4', 593
2 886
1 947
4 440
2 987
1 720
1 146
2 324
1,561
2 237
1 533
2 432
1,667
2,586
429
809
1 822
1 256
4,096
27, 627
29, 906
2,437
2,949
1,312
1,472
Dept stores excl mail order sales
Variety stores
do
_ do
Grocery stores
_
do
Lumber yards bldg materials dealerscT do
Tire battery, accessory dealers
do
17* 593
1, 779
1, 269
2 222
1 276
266
278
383
2,330
2,334
2,686
341
388
2, 516
2,498
2 559
1 767
2 276
1 547
2, 575
1,757
1,753
3,128
2,101
371
2 590
1 750
*407
2,692
2,582
2,549
2,753 "•2,489
2,605
414
412
395
481
126
175
97
93
116
127
133
150
129
126
122
127
137
do
6,856
6,700
6,885
6,907
6,852
6,993
6,948
7,171
7,162
7,013
7, 215
'7,205
7,368
Apparel group 9
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
do
do
do
do
406
49
151
112
397
48
141
109
421
52
154
112
418
46
160
109
372
47
138
98
438
50
165
121
407
47
151
109
424
52
155
112
415
49
150
111
436
54
156
119
436
52
157
122
434
50
160
121
429
54
155
118
Drug and proprietary stores
Eating and drinking places
Furniture and appliance group
do
do
do
237
191
242
206
240
213
254
214
253
209
245
205
252
209
261
209
256
208
265
209
261
216
267
221
277
225
General merchandise group 9
Dept. stores, excl. mail order sales
Variety stores
do
do
do
2 552
1 725
2,403
2, 471
1,685
2,449
2,528
2,482
2,627
2, 643
1,738
2,486
2,646
2,607
2,667
411
388
2,513
1,730
422
416
427
Grocery stores
do
Lumber yards bldg materials dealers _? do
Tire battery accessory dealers
do
2 518
Estimated sales (seas adj.), total 9 1
All retail stores, accounts receivable, end of yr. or mo.:
Total (unadjusted) f
mil $
Durable goods stores
do
18, 193
7, 120
11 073
402
387
2, 489
2,492
2,548
128
124
127
18, 986
7,212
11 774
8, 164
10, 822
17 816
6 981
10 835
18, 986
7, 212
11 774
8, 164
10, 822
18,167
6,954
11 213
17 744
6, 905
10 839
7, 834
9,910
17, 767
17,849
10, 780
10,725
7,690
10,159
_ do _
do
••8,205
Total (seasonally adjusted) t
Durable goods stores
Nondurable goods stores
Charge accounts
Installment accounts
do
do
do
do _
do
17, 034
6,916
10 118
17 767
9,201
10, 037
7,833
1,671
369
Charge accounts
_ _
Installment accounts
' 9, 988
1,638
6,987
10 780
7,730
7,970
9,846
6,987
7,730
10, 037
7,630
10,537
7, 124
1,683
1,710
1,774
1,783
1,830
1,780
1,759
2,640 ' 2, 620
2,655
130
136
418
420
417
2,556
2,583
2,575
2,591
2,613
2,628
131
135
127
123
130
118
125
17, 538
6,751
10 787
7, 338
10, 200
17,656
17,814
6,875
18,005
6,943
18, 359
11 134
8,194
10, 165
18, 034
7,128
10, 906
8, 010
10, 024
18, 082
7,146
10 936
18,205 ' 18,168 18, 653
7,194 '7,094
7,123
11, Oil ' 11,074 11 530
10, 132
10,264 ' 10,194
8, 203
10, 450
18, 007
7,144
10, 863
7, 721
10, 286
18, 159
7,129
18, 399 ' 18,251
7,064 '6,918
11,335 ' 11,333
8,035 ' 7, 933
10, 364 ' 10,318
11 553
8, 089
10, 531
6, 766
10, 890
7,518
10, 138
11,030
7,804
10,355
10 939
7,789
11 062
8,013
7,225
7^950
10, 025
9,992
18 211
7,181
11 030
17, 926
18, 225
18, 169
18 251
10, 953
11 176
10, 291
10, 099
10, 233
11, 184
8,016
10, 153
11 277
7, 993
10, 258
7,920
6,973
7,827
7,049
7,992
6,985
6,974
428
127
7,941
' 7, 974
443
18,620
7,067
LABOR FORCE, EMPLOYMENT, AND EARNINGS (see box, bottom of p. S-15)
POPULATION OF THE UNITED STATES
Total, incl. armed forces overseas.—
-____mil__ U94.59
LABOR FORCE
Labor force, total, 16 years of age and over0 _ _thous_ _
Civilian labor force
do.
Employed, total
do
Nonagricultural employment
do___Agricultural employment
do. _ _.
Unemployed (all civilian workers)
„ __do
Seasonally Adjusted
Civilian labor force©
do
Employed, total
__do
Nonagricultural employment_____•
do
Agricultural employment
do
Unemployed (all civilian workers)
do
Long-term, 15 weeks and over
do
Kates (unemployed in each group as percent
of total in that group) :©
All civilian workers
Men, 20 years and over
Women, 20 years and over
Both sexes, 16-19 years
Married men*
Nonwhite workers*
White workers*
77,178
74, 455
71,088
66,726
4,361
3,366
196.92
197.93
198.11
198.43
198.76
200.09
199.12
199.32
199.53
199.73
78,893 79,895 79,644 78,706 79,107 78,949 79,560 79,551 82,464
75,770 76, 573 76,254 75,320 75, 689 75,513 76, 111 76,095 79,020
72,895 73,995 73,599 72,160 72,506 72,560 73,445 73,637 75,391
68,915 70,180 70,239 88,826 69,225 69,149 69,724 69,812 70,996
3,410 3,721 3,825
4,395
3,979 3,815 3,360 3,335 3,281
2,875 2,578 2,655 3,160 3,183 2,954 2,666 2,457 3,628
82,920
79,471
76,221
71,705
4,516
3,250
82,571
79,112
76,170
71,792
4,378
2,942
80,982
77,526
74,631
70,700
3,931
2,895
81,595 81,582 81,527
78,132 78,113 78,057
75,181 75,218 75,338
71,148 71,460 71,793
4,033 3,759 3,545
2,894 2,719
2,951
77,505
74,489
70,633
3,856
3,016
435
77,701
74,718
70,726
3,992
2,983
441
77,803
74,625
70,949
3,676
3,178
437
77,997
74,630
70,923
3,707
3,367
489
78,106
75,083
71,254
3,829
3,023
487
78,582
75,681
71,417
4,264
2,901
453
198. 61
76,612 76,764
73,897 73,893
70,005 69,882
3,892 4,011
2,871
2,715
484
496
77,087
74,255
70,240
4, 015
2,832
485
77, 025
74,137
70,247
3,890
2,888
439
76,523
73,747
69,892
3,855
2,776
436
76,740
73,910
70,020
3,890
2,830
436
76,189 77,237
73,289 74,147
69,637 70,420
3,652 3,727
2,900 3,090
414
444
199.92
755
536
4.5
3.2
4.5
14.8
3.8
2.5
3.8
12.7
3.5
2.4
3.4
11.4
3.7
2.4
3.9
12.2
3.7
2.2
4.3
11.0
3.7
2.2
4.0
13.2
3.6
2.3
4.1
10.7
3.7
2.3
4.1
11.6
3.8
2.4
3.9
13.1
4.0
2.6
4.3
12.6
3.9
2.4
4.3
12.6
3.8
2.4
3.9
13.7
4,1
2.3
4.9
13.8
4.3
2.5
4.8
15.1
3.9
2.4
4.0
14.0
3.7
2.2
4.1
12.8
2.4
8.1
4.1
1.9
7.3
3.3
1.7
6.9
3.1
1.7
7.6
3.3
1.7
6.6
1.6
7.1
3.3
1.7
7.4
3.1
1.9
7.3
3.3
1.9
7.8
3.3
2.0
7.8
3.5
1.8
7.2
3.5
2.0
6.9
3.5
1.8
7.9
3.6
1.9
8.8
1.7
7.3
3.4
1.7
6.9
3.3
Occupation: White-collar workers*._.._
2.3
2.0
1.9
1.9
Blue-collar workers*
5.3
4.2
4.2
4.2
Industry: Private wage and salary workers*.
4.6
3.8
3.6
3.7
Construction*. _.
10.1
8.1
9.2
8.9
Manufacturing*
4.0
3.2
2.8
3.0
Durable goods*
3.5
2.8
2.3
2.7
'Revised.
1 As of July 1.
fSee corresponding note on p. S-ll.
9 Includes data not shown separately.
cf Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical
stores.
©Effective Feb. 1967 SURVEY, data reflect revised seasonal factors and changes in coverage, sample, and definitions as follows; For all periods—data cover persons 16 years of age and
198.28
198.94
197. 74
2.0
2.1
2.2
2.2
2.2
2.1
1.7
1.9
2.2
2.5
2.5
4.1
4.2
4.4
4.4
4.3
4.6
4.6
4.7
4.9
4.7
4.6
3.7
3.9
3.7
3.7
4.0
4.1
3.9
4.4
3.7
3.9
4.2
7.3
7.1
6,2
8.1
7.1
7.6
7.2
7.8
8.6
7.6
5.4
3.3
3.5
3.8
3.5
3.6
3.7
4.0
3.9
3.9
4.1
4.1
3.4
2.8
3.0
3.4
3.2
4.1
3.4
3.6
3.6
3.7
over (eliminating about a million persons previously covered); beginning Jan. 1967—sample
expanded (to 52,500 households) and changes made in definitions for employment and unemployment (data are reasonably comparable with earlier estimates); see Feb. and Mar. 1967
BLS EMPLOYMENT AND EARNINGS AND MONTHLY REPORT ON THE LABOR FORCE, U.S. GPO,
Washington, D.C. 20402.
*New series. Monthly data are available back to 1948 for some
series; 1957 for others.
SURVEY OF CURRENT BUSINESS
January 1968
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1965
Annual
S-13
1967
1966
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.p
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued (see box, bottom of p. S-15)
EMPLOYMENT
Employees on payrolls of nonagricultural estab.:f
Total, not adjusted for seasonal variation, -thous ..
60,832
63,982
65, 559
66, 087
64,531
64,491
64,843
65,215
65, 594
66,514
66, 129
66, 408
66, 672 ' 66,914 ' 67,479
68,004
60,832
Total
thous
632
Mining
_ - do
3,186
Contract construction.... ._.
_do_-_> 18, 062
Manufacturing
do
10, 406
Durable goods
- ..- -do
226
Ordnance and accessories
. _ . ' do
Lumber and wood products
_ . . .do
607
431
Furniture and
fixtures
do
Stone, clay, and glass products _ -do .
628
Primary metal industries
_ . _ . _ _ -do. _ _ 1,301
Fabricated metal products
do
1,269
1,735
Machinery, except electrical
do
Electrical equip, and supplies _. ..do _
1,659
Transportation equipment
_ . . . do
1,741
389
Instruments and related products
do
Miscellaneous manufacturing ind - .-do ._
420
Nondurable goods
do .
7, 656
Food and kindred products
do
1,757
Tobacco manufactures
- do
87
Textile mill products _ .. _ . . ' . .
do ._
926
Apparel and other textile products. . .do
1,354
Paper and allied products
do
639
Printing and publishing _ _
do. . . .
979
Chemicals and allied products
do
908
Petroleum and coal products
do
183
Rubber and plastics products, nee _ . . do
471
Leather and leather products
do
353
Transportation, communication, electric, gas,
and sanitary services..
thous..
4, 036
Wholesale and retail trade
.
.do
12,716
Wholesale trade
. _ . . _ _ . do
3,312
Retail trade
do
9,404
Finance, insurance, and real estate
do
3,023
Services.
..
_._
..do . 9,087
Government
do
10,091
Federal .
do
2,378
State and local
.
do . . 7,714
63, 982
625
3, 292
19, 186
11, 256
256
613
462
645
1, 345
1,349
1,911
1,896
1,912
433
434
7,^930
1,779
84
962
1,399
668
1,022
958
186
510
364
65, 014
621
3,241
19,498
11,485
270
598
469
640
1,369
1,372
1,968
1,956
1,959
446
438
8,013
1,793
84
962
1,408
678
1,041
976
187
523
361
65,251
623
3,291
19, 526
11,496
272
596
469
640
1,364
1,374
1,978
1,955
1,959
451
438
8,030
1,795
86
962
1,411
679
1,044
978
187
527
361
65, 564
625
3,311
19, 558
11, 507
277
607
466
642
1,362
1,374
1,988
1,958
1,938
453
442
8,051
1, 795
89
963
1,414
680
1,053
983
187
527
360
65, 692
624
3,352
19, 507
11,482
283
603
465
640
1,348
1,372
1,984
1,959
1,938
454
436
8,025
1,798
85
954
1,401
681
1,056
984
187
523
356
65, 749
624
3,313
19, 445
11,434
286
602
459
638
1,332
1,364
1,984
1,947
1,932
456
434
8,011
1,803
84
952
1,384
684
1,065
981
186
521
351
65, 653
620
3, 276
19,331
11, 322
288
592
455
628
1, 305
1,354
1,979
1,916
1,916
456
433
8,009
1,800
• 86
945
1,390
680
1,063
984
187
520
354
65,639
617
3,192
19,238
11, 283
286
584
453
624
1, 299
1,348
1,972
1,904
1,927
454
432
7,955
1,797
86
941
1,395
679
1,064
982
187
472
352
65,903
619
3,187
19,285
11, 285
290
590
452
626
1,295
1,357
1,972
1,872
1,947
454
430
8,000
1,806
87
948
1,396
688
1,066
990
189
479
351
65, 939
623
3,231
19, 169
11, 218
292
585
447
625
1,280
1,350
1,969
1,889
1,896
455
430
7,951
1,790
89
940
1,376
689
1,066
989
191
479
342
66, 190
606
3,223
19, 318
11, 351
297
585
451
626
1,281
1,356
1,976
1,916
1,980
456
427
7,967
1,751
85
946
1,381
687
1,067
992
190
521
347
66, 055 ' 66,243 ' 66,929
••597
601
'597
3,238 ' 3,236 '3,299
19, 142 ' 19,169 ' 19,418
11, 149 ' 11,143 ' 11,358
299
'300
'303
'592
585
593
455
451
'458
622
'628
'635
1,262 ' 1,267 ' 1,290
1,331 ' 1,332 ' 1,349
1,966 ' 1,932 ' 1,979
1,882 ' 1,896 ' 1,920
1,873 ' 1,862 ' 1,950
454
452
'455
425
426
'426
7,993 ' 8,026 ' 8,060
1,777 ' 1,783 ' 1,784
82
'89
81
954
959
950
1,390
1,377 ' 1,384
'685
682
687
1,065 ' 1,070
1,064
993 ' 1,001 ' 1,001
192
191
193
529
'533
529
351
'354
349
67,128
597
3,350
19,469
11,380
307
599
464
640
1,287
1,357
1,939
1,926
1,970
457
434
8,089
1,794
82
966
1,397
691
1,070
1,007
193
535
354
4,151
13,211
3,438
9,773
3,102
9,545
10, 871
2,564
8,307
4,212
13,406
3,484
9,922
3,132
9,744
11, 160
2,616
8,544
4,218
13, 416
3,496
9,920
3,144
9,781
11,252
2,653
8,599
4,242
13,515
3,512
10, 003
3,152
9,840
11, 321
2,667
8,654
4,247
13, 541
3,521
10, 020
3,165
9,883
11,373
2,673
8,700
4,246
13, 557
3,535
10, 022
3,179
9,946
11,439
2,685
8,754
4,212
13,572
3,545
10, 027
3,194
9,973
11, 475
2,688
8,787
4,267
13,609
3,549
10,060
3,205
9,987
11, 524
2,698
8,826
4,266
13, 648
3,555
10,093
3,227
10, 035
11, 636
2,747
8,889
4,292
13, 647
3,555
10,092
3,234
10, 074
11, 669
2,759
8,910
4,283
13, 664
3,569
10, 095
3,253
10, 130
11, 713
2,746
8,967
4,262 ' 4,251 ' 4,288
13, 719 ' 13,776 ' 13,909
3,565 ' 3,567 ' 3,599
10, 154 ' 10,209 ' 10,310
3,264 ' 3,270 ' 3,290
10, 161 ' 10,199 ' 10,301
11, 668 ' 11,745 ' 11,827
2,712 ' 2,698
2,715
8,953 ' 9,033 ' 9,129
4,289
13,910
3, 596
10,314
3,302
10,335
11,876
2,692
9,184
13, 434
14, 273
14,619
14, 513
14,304
14,252
14, 200
14, 104
14, 059
14, 249
13,996
14,261
14, 290 ' 14,249 ' 14,404
14,327
13,434
7,715
96
532
357
505
1,062
983
1,215
1,140
1,241
248
336
5,719
1, 159
75
827
1,206
498
621
546
113
366
310
14,273
8,349
122
535
383
518
1, 096
1,050
1,345
1,317
1,361
277
347
5,925
1,181
72
857
1,243
519
650
572
116
397
318
14,490
8, 505
133
521
389
512
1,116
1,069
1,384
1,352
1,396
284
349
5,985
1,195
72
856
1,252
526
660
584
117
408
315
14,495
8,501
136
519
389
513
,109
,069
,390
,347
,394
286
349
5,994
1,195
74
856
1,252
527
663
584
118
411
314
14, 506
8,502
140
530
385
512
1,106
1,068
1,398
1,348
1,373
289
353
6,004
1,196
77
856
1,254
527
668
585
117
411
313
14,436
8,459
143
.524
384
509
1,091
1,065
1,392
1,345
1,371
288
347
5,977
1,197
73
848
1,243
529
670
585
117
406
309
14,358
8,407
146
525
379
509
1,073
1,059
1,388
1,332
1,363
289
344
5,951
1,200
72
845
1, 226
531
674
580
116
403
304
14,233
8,286
147
514
374
499
1,049
1,046
1,380
1,298
1,347
289
343
5,947
1,195
73
838
1,232
526
673
583
118
402
307
14, 147
8,254
147
507
375
495
1,042
1,041
1,373
1, 284
1,361
287
342
5,893
1,196
74
835
1,235
525
672
580
117
354
305
14,170
8,240
149
512
371
498
1,037
1,048
1,372
1,251
1,377
285
340
5,930
1,201
75
841
1,239
535
673
583
119
362
302
14, 056 14, 191
8,170
8,299
151
155
508
509
366
369
498
497
1,023
1,024
1,041
1,048
1,368
1,375
1, 265
1,290
1,326
1,410
285
285
339
337
5,886
5,892
1,185
1,148
76
72
834
839
1,220
1,223
536
534
674
673
585
585
119
118
362
401
295
299
14,003 ' 14,034 r 14,279
8,091 r 8,083 ' 8,293
'157
154
'158
513
508
'515
374
370
'377
494
'500
'507
1,009 ' 1,032
1,003
1,023 ' 1,024 ' 1,041
1,365 ' 1,329 ' 1,373
1,260 r 1,270 ' 1,291
1,297 ' 1,289 ' 1,379
283
'284
281
335
336
'336
5,912 r 5,951 ' 5,986
1,175 r 1,185 ' 1,187
70
'77
69
'847
842
849
1,223 ' 1,232
1,218
'533
'531
527
669
'673
669
'594
'594
585
121
122
120
'412
408
407
303
300
'307
14,308
8,305
162
520
382
512
1,028
1,047
1,333
1,295
1,398
286
342
6,003
1,196
70
858
1, 235
535
673
595
121
413
307
42.3
37.4
41.2
42.7
37.6
41.3
3.6
42.0
3,9
41.9
40.9
41.6
42.0
42. 1
42.1
43.1
41.0
42.9
41.4
39.9
3.9
42.1
4.3
42.3
40. 8
41.5
42.0
42.1
42.4
43.8
41.2
42.6
42.1
40.0
42.7
37.4
41.3
41.3
3.8
42,1
4.1
42.4'
40.5
41.0
41.7
42.3
42.3
43.8
40.9
41.9
41.9
39.9
42.5
38.1
41.3
41.0
3.5
41.7
3.9
42.0
40.3
40.6
41.7
41.7
42.1
43.6
40.6
41.6
41.9
39.7
42.6
38.2
40.8
41.0
3.6
41. 7
3.9
42.0
40.4
40.7
41.9
41.8
42.2
43.5
40.7
41.6
41.8
40.0
42.2
37. 6
40.1
40.3
3.4
41.0
3.7
41.7
40.3
40.2
41.5
40.9
41.4
43.0
39.7
40.7
40.9
38.7
42.4
37.4
40.3
40.4
3.3
41.1
3.5
41.9
40.7
40.2
41.5
40.8
41.5
42.9
40.0
40.7
41.5
39.2
42.7
37.4
40.2
40.5
3.2
41.0
3.3
41.6
40.6
40.3
41.3
40.2
41.5
42.8
39.6
40.9
41.5
39.7
42.0
36.4
40.4
40.3
3.2
41.0
3.3
42.0
40. 1
40.1
41.1
40.6
41.3
42.3
39.9
41.7
41.1
42.2
37.4
40.6
40.3
3.2
40.9
3.3
41.2
40.1
40.3
41.3
40.6
41.2
42.0
40.0
41.2
41.0
39. 4
Seasonally Adjusted
Production workers on manufacturing payrolls:
Total, not seasonally adjusted t
thous..
Seasonally Adjusted
Totalf
. thous .
Durable goods
do
Ordnance and accessories
.do
Lumber and wood products. .
...do .
Furniture and fixtures _ _ .
do
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products . . _. do
Machinery, except electrical. ._-_ .. ...do .
Electrical equipment and supplies
do
Transportation equipment
do
Instruments and related products
do
Miscellaneous manufacturing ind
do
Nondurable goods
....do
Food and kindred products
do
Tobacco manufactures
_
.do
Textile mill products
do
Apparel and other textile products _ .... do
Paper and allied products
.do
Printing and publishingdo
Chemicals and allied products
do
Petroleum and coal products. _
do
Rubber and plastics products, nec._ — -do.-.Leather andleather products.
. .do
HOURS AND MAN-HOURS
Seasonally Adjusted
Average weekly gross hours per production worker
on payrolls of nonagricultural estab.:f
Mining...
_
..hours. .
Contract construction _.
do
Manufacturing: Not seasonally adjusted
do
Seasonally adjusted.
... do
Overtime hours
do
Durable goods
do
Overtime hours
do
Ordnance and accessories _ _ _ _ _ _ _ . do
Lumber and wood products
do
Furniture and fixtures.. ..
do
Stone, clay, and glass products
do
Primary metal industries _ . . _
do
Fabricated metal products
. . do
Machinery, except electrical ...
do
Electrical equipment and supplies
do . .
Transportation equipment
do
Instruments and related products. _. .do
Miscellaneous manufacturing ind
do
r
Revised.
* Preliminary.
tSee box, bottom of p. S-15.
30 R
43.2
37.5
40.3
40.4
3.3
41.0
3.5
41.8
39.9
40.2
41.3
40.9
41.3
42.1
40.3
41.4
41.0
^Q 9
42,8
37.5
40.7
40.7
3.3
41.3
3.5
41.9
39.7
40.2
41.6
4LO
41.5
42.2
40.4
42.5
41.2
an A
42.8
38.3
40.9
40.8
3.4
41.6
3.7
42.4
40.5
40.7
42.0
41.0
41.8
42.7
40.2
42.7
41.2
QO
K
42.3
37.1
'40.8
'40.7
3.4
41.3
3.5
41.7
'40.5
40.4
41.8
'41.3
41.4
42.3
40.5
41.5
41.1
r 1(\ A
'43.5
39.4
'40.7
'40.7
'3.3
'41.2
'3.4
'42.0
'41.3
'40.5
' 42. 2
'41.6
'41.5
' 42. 4
'40.5
'39.7
'41.1
r «m rr
43.0
37.3
41.1
40.8
3.5
41.3
3.5
41.6
40.9
40.5
41.6
41.7
41.3
42.3
40.2
41.6
41.2
QQ A
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1967
1966
| 1966
Annual
January 1968
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.*
LABOR FORCE, EMPLOYMENT, AND EARNINGS— Continued (see box, bottom of p. S-15)
HOURS AND MAN-HOURS-Continued
Average weekly gross hours per production worker
on payrolls of nonagric. estab.f— Continued
Manufacturing— Continued
Nondurable goods
hours
Overtime hours ... . .
.. do. .
Food and kindred products
„
do
Tobacco manufactures
do
Textile mill products
__
do .
Apparel and other textile products ....-_ do
40.1
3.2
41.1
37.9
41.8
36.4
40.2
3.4
41.2
38.8
41.9
36.4
40.2
3.3
41.1
38.5
41.2
36.5
39.9
3.3
41.0
39.0
40.9
36.4
40.0
3.3
41.1
38.7
40.9
36.6
39.5
3.1
41.0
38.2
40,2
35.6
39.5
3. u
41.1
38.2
40.2
35.5
39.8
3.0
40.8
39.4
40.8
36.2
39.5
3.0
40.6
38.3
40.5
35.9
39.5
3.0
41.0
39.0
40.4
35.7
39.6
3.0
40,6
38.4
40.6
35,9
39.7
3.1
40.8
38.9
41.0
35.8
39.9
3.3
41.0
38.0
41.4
38.3
39.7
3.2
40.7
'39.0
41.3
35. 8
'40.1
'3.2
'40.8
'38.2
'41.5
36,4
40.0
3.4
40.7
36.5
41.8
36,2
43.1
38.6
41.9
42.2
42.0
38.2
43.4
38.8
42.0
42.4
42.0
38.6
43.3
39.0
42.1
42.5
41.9
38.6
43.1
38.6
41.9
42.4
41.4
38.0
43.2
38.8
41,8
42.0
4L5
38.3
42.8
38^6
41.4
42.6
40.9
37.1
42.8
38.5
41.6
43.0
41.0
37.0
42.5
38,6
41.5
42.6
41, 1
37.7
42.5
38.3
41.2
42.6
40.9
37.7
42.6
38.3
41.3
42.6
41. 2
37.9
42.7
38.3
41.5
42.8
40,6
38.4
42.6
38.3
41.5
43.1
42.0
38.3
42.8
38.3
41.5
42.4
41.9
38.9
42.8
38.0
41.5
••43.0
41.9
38.7
' 42,8
38.3
'41.9
'42.9
' 41. 8
'39.5
43. 2
38.2
41.8
42.7
41.7
38.5
do ..
do
do
.do
37.7
40.8
36.6
37.2
37.1
40.8
35.9
37.3
36.9
40, 6
35.6
37.3
36.7
40=6
35.6
37.2
36.8
40.7
35.5
37.1
36. 6
40.5
35.3
37.0
36.6
40.5
35.3
37.0
36.4
40.4
35.1
37.0
36.3
40.3
35.2
37.1
36.7
40.5
35.4
37.1
36.7
40.5
35.4
37.0
36,7
40.5
35.5
37.1
36.7
40.3
35.4
37.1
36.3
40.3
35.1
37.1
'36.5
'40.3
35.2
37.1
36.1
40.1
35.0
36.9
Seasonally Adjusted
Man- hours in nonfarm estab., all employees,
seasonally adjusted, annual ratef
bil. man-hours,.
134.88 ••134.58
134. 41
135.98
Paper and allied products
. . do
Printing and publishing
. .do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, nee.
do
Leather and leather products
do
Wholesale and retail trade
_ .
Wholesale trade
.
Retail trade
Finance, insurance, and real estate ...
125.39
131. 31
133.28
133. 32
134,24
133.68
133. 77
133. 13
132. 97
133. 91
133. 66
Man-hour indexes (aggregate weekly), industrial
and construction industries, totalf
1957-59 =100. „
Mining
-do _„
Contract construction
do
Manufacturing
do
Durable goods
-do
0 rdnance and accessories
.
do . .
Lumber and wood products. _ _ _ - _ - . — ._ do
Furniture and
fixtures
. do
Stone, clay, and glass products
__do ..
109.3
83.0
110.5
110.4
114.3
113. 3
97.0
119,5
108.3
115.9
82.2
114.7
117.8
124.2
144.9
97.4
127.7
111.2
116.5
81.4
111.7
119. 2
125.9
158. 7
94.1
128.3
109.2
116. 5
8L3
115.7
118.5
125. 0
160.7
93.3
127.0
109.4
116.9
81.7
116.6
118.8
125.2
165.4
95. 5
126.1
109.7
114.9
80.6
116.7
116.3
122.3
167.8
94.2
124.2
108.0
114.3
80.8
114.6
115.9
121.9
172.1
95.3
122o6
108.0
113. 2
80.9
112.6
114.9
119.8
172.1
93.1
121.2
105.4
111.5
79.4
106.7
114.0
119.5
173. 7
90.7
121.0
104.1
111.9
7&7
109.1
114.1
118.9
172.7
91.6
120.3
105.2
111.8
82.2
111.2
113.4
118.3
177.6
90.4
118.4
105. 2
113.0
78.5
111.0
115.2
121. 0
182.8
90.1
119.3
105. 7
112.7
77.7
113.9
114.2
118.6
183.7
91.8
121.1
106.1
'111.8 ' 114. 9
'76.4 '78.1
r 110. 6 ' 119. 8
' 113. 8 ' 115. 9
' 117. 7 '120.3
r 184. 2 '186.7.
r 92. 7
' 94. 9
121.6 ' 122. 8
'106,9 ' 109. 4
114.5
77.0
115.2
116.3
121.0
189.6
94.9
124.5
108.9
Primary metal industries
•_ -do
F abricated metal products
do . .
Machinery, except electrical
do. _ . •_
Electrical equipment and supplies
do
Transportation equipment
_ _ . do ._
Instruments and related products
_ do. . . _
Miscellaneous manufacturing ind
- - do. . _ .
113.3
117. 2
123.6
125,7
107.1
112.7
109.4
116.9
126.1
139.0
145.8
116.7
127.7
113.4
119. 6
128.1
143.0
148.7
117.7
130.4
113.7
117.2
127.5
143.0
147.1
116.7
131.3
113.2
117. 1
127.7
143.5
147.6
114.9
132.4
115.3
113.1
124.9
141.2
143. 6
112.3
129.1
109.7
110.9
124.5
140.5
143.3
111.6
131.4
110.1
106.8
123.0
139.3
138. 2
110.9
131.4
111.2
107.2
121.8
137.0
137.8
114.2
129.3
110.3
106.7
122.3
136.0
134.6
114.2
128.1
109.4
106.0
121. 8
135. 9
137.1
110.5
128.1
108.5
106.4
123.2
136.9
140.2
120.6
128.7
108.4
104.2
121.1
137,5
136.2
111.4
126.9
108.4
r 105. 6
r 120. 1
' 108, 8
' 122. 4
' 132. 6 ' 137. 3
' 138. 3 ' 140. 6
' 107. 6 ' 110. 2
127.5 ' 127. 9
' 107. 8 ' 108. 9
108.6
122.5
133.0
140.0
117. 0
129.1
110. i
105.3
94.4
86.4
102.0
115.1
109.5
96.2
84.6
106.0
118.7
110.4
97.3
84.5
104.2
119.8
110.0
97,0
88.0
103.4
119.5
110.4
97.3
90.9
103.4
120.4
108.5
97.2
85.0
100.7
116. 0
108.1
97.7
83.8
100.3
114.1
108.5
96.5
87.7
101.0
117.0
106.9
96.2
86.4
99.9
116.3
107.8
97.5
89.2
100.4
116.0
107. 0
95.3
89.0
100.0
114.9
107.6
92.7
85.4
101.6
114.8
108.6
95.4
79.9
103.0
115.9
108.7 ' 110. 1 110.2
96.4
'95.5 '95.9
'83.2 ' 89. 7 77.9
'103.3 ' 104. 1 105.9
117.2
114,8 '117.6
109.6
110.0
110.2
78.7
135. 2
96.9
115.0
115.8
115.9
81.0
146.8
100.6
116.2
118.3
118.4
82.1
150.3
99.5
115.9
117.6
117.9
82.6
149.6
97.6
116. 2
119.1
117.8
81.2
150.0
98.1
115.6
118.9
116. 7
82.3
146.0
93.8
116.0
119.3
116.2
82.4
145.3
92.0
114.1
119.4
116.5
83.0
145.3
94.7
113.9
118.3
115.1
82.3
127.3
94.1
116.3
118. 5
116.0
83.7
131.2
93.7
116.8
118.6
116.9
84.1
129.2
92.7
116.1
118.5
116.9
84.0
148.1
93.7
115.1 ' 116. 0
116.8
117.8
116.9 ' 118. 7
84.0 "85.9
150.3
150.0
95.9
95.5
123. 52
138.38
107.53
117.18
131. 15
88.75
88.19
110.04
130. 66
145. 89
112.34
122.09
134. 94
91.80
91.72
114.24
131. 66
144. 14
113.99
123. 77
136. 75
91.43
93.15
116. 20
133.45
148.83
114. 40
124. 62
138. 02
90.80
93.79
115. 23
134.09
149. 14
113. 42
122.84
136. 63
90.80
90.63
113. 71
131.14
143.60
111.88
120. 77
133.22
91.08
90.12
112. 19
132.09
146.83
112. 44
121.36
133. 54
93.09
90.74
113. 70
134. 51
147. 23
112.56
121. 18
132. 48
94.77
90.46
115. 23
134.09
149.54
113. 52
122.89
134.08
95.18
91.25
116. 62
136. 53
153. 56
114.49
123. 19
132. 25
97.27
93.09
117.46
139.43
157.90
113.65
122. 40
134.05
96. 64
92.40
118. 01
138.24
159. 08
114. 77
123. 30
135. 11
96.88
95.06
119.99
133.88
116.20
127.58
105.78
137.71
108.47
85.39
138.09
121. 69
134.90
109.18
141.86
114. 93
88.80
139. 02
123.81
136. 78
110.56
145. 18
116. 20
90.45
137. 61
124.53
138.60
111.24
144. 93
116. 89
91.20
138.69
122. 89
137. 03
109.35
141. 02
115. 65
91.87
134.97
120.83
135.88
107.98
136. 21
114. 11
90.17
135.38
120. 72
136. 20
108.93
136. 49
115. 51
92. 20
133. 57
121. 54
134. 82
108.35
137.30
115. 77
91.57
134.64
123. 26
134. 30
110. 12
141.78
115. 90
91.57
136.12
122.84
134.09
111.88
141. 17
117. 01
92.20
136.27
121.66
133.24
111.32
140.29
116.28
90.79
94.64
99.87
79.21
78.17
66. 61
98.49
103. 82
84.97
82.12
68.80
100.10
104.90
81.24
83.42
70.25
100.25
106.14
88.10
82.40
69.87
99.65
106.08
83.16
81.61
70.40
99.18
105. 18
82.08
80.60
71.04
100.08
106.52
87.52
81.20
71.80
100.22
105.86
91.33
81.20
72.16
100.73
107. 18
90.30
82.22
71. 80
101. 63
108. 50
94.41
82.82
72.52
114. 22
118. 12
121.09
138.42
109.62
71.82
119.35
122. 61
125. 16
144. 58
112. 14
74.88
121.80
124.87
127. 98
146. 70
113. 67
76.03
120.81
125. 90
127.68
145. 67
113. 13
76.63
119.84
123. 97
126. 16
144. 90
112. 19
77.20
119. 14
123.33
125. 25
147. 97
109.35
76.13
119. 71
125.06
126.88
150.94
110. 16
75.65
119. 00
124. 03
127. 49
153.15
110.30
75.19
120. 28
124. 86
127. 10
153. 58
107. 57
77.04
76. 53
106.49
66. 61
88.91
79.02
111.38
68.57
92.50
79.57
113.27
68.64
93.00
79.92
114. 52
69.65
93.62
80.30
114.09
69.15
94.61
80.22
114. 05
69.10
94.98
80.59
114. 74
69.30
95.35
80.73
115.26
69.80
95.83
81.09
115.66
69.80
96.20
Nondurable goods
Food and kindred products. _ . .
Tobacco manufactures
Textile mill products
..
Apparel and other textile products
•..do_.._
do
do
do
do. _ „ _
Paper and allied products.
do. . .
Printing and publishing
do
Chemicals and allied products .
- - do
Petroleum and coal products _ _ _ - _ . do _ .
Rubber and plastics products , nee
do
Leather and leather products.
...do
' 116. 4
' 118. 5
'119.9
'86.4
' 151. 5
'99.2
118.0
118. 1
119.8
85.3
151.5
96.7
139.32
162.60
116. 57
126. 05
138. 65
99.72
97.41
121. 11
139.00 '139. 32
160.40 160.86
'116.28 '116.81
125. 44 '125.66
137. 43 '139.68
' 99. 55 ' 99. 80
' 97. 82 ' 97. 34
'121.25 ' 122. 67
140.18
154. 03
119. 19
128.44
140. 10
98.25
98.95
120.35
137. 50
123.55
132.82
111.76
143. 52
117.14
92.04
138. 58
126.00
136.10
112.31
147. 48
118. 53
92.66
'137.90 '140.83
124. 38 '125.22
'135.46 ' 137. 05
'114.09 '115.18
'146.86 '140.59
118. 53 '119.36
' 93. 53 ' 94. 80
142. 61
126.35
139.20
116. 28
150. 88
120.35
95.28
102. 03
108.62
91.44
81.41
72.16
102.80
107.94
87.75
83.84
74.05
104. 66
109. 67
86.33
86.73
74.73
'104.14 '105.06 106.13
'107.98 '109.47 109. 88
87.02
' 86. 05 '83.28
' 88. 19 ' 89. 03 89.67
74.88
'75.14
73.75
122. 41
124. 86
128. 65
152. 72
109.03
79.28
123. 69
124.91
129.48
156.67
105.73
79.75
124.41
126.28
129. 17
153.79
116.89
80.11
125. 85 125. 85 '125.99
128. 21 127. 25 '127.97
130.31 130. 73 ' 132. 40
155. 52 '155.23 '155.79
119. 71 119. 99 '120.12
80.26 80.43 ' 82. 92
128. 03
130. 42
132. 82
153. 91
121. 11
82. 71
82.80
116. 64
71.56
96.20
84.15
117.62
72.96
97.20
84.15
116. 64
72.96
96.83
83.45 82.90 ' 82. 67
118. 08 118. 08 '118.48
71.34
71.66
71. 55
97.31 ' 98. 69 ' 98. 42
82.63
119. 18
71.66
99. 53
WEEKLY AND HOURLY EARNINGS
Not Seasonally Adjusted
Average weekly gross earnings per production
worker on payrolls of nonagricultural estab .: t
Mining
.-_.
_ _ . dollars _ _
Contract construction.
do
Manufacturing establishments
-do
Durable goods
do
Ordnance and accessories
do
Lumber and wood products .
...do .
Furniture and fixtures .
do
Stone, clay, and glass products
do
Primary metal industries. _ .
do
Fabricated metal products do _
Machinery, except electrical.
_ do
Electrical equip, and supplies . — _ . do
Transportation equipment ._
do
Instruments and related products ... do
Miscellaneous manufacturing ind
... do
Nondurable goods
do
Food and kindred products.
do
Tobacco manufactures .. . . _ _ ..do
Textile mill products
____....
do
Apparel and other textile products
do
Paper and allied products
do
Printing and publishing.
.
do
Chemicals and allied products _ .. do
Petroleum and coal products..
do
Rubber and plastics products, nee. . _ . .do
Leather and leather products
..do .
Wholesale and retail trade
Wholesale trade.
.__
Retail trade
Finance, insurance, and real estate.. _'
r
Revised.
p Preliminary.
fSee box, bottom of p. S-15.
do
do. '.
do
..do
SURVEY OF CUEEENT BUSINESS
January 1968
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
19G6
Annual
S-15
1967
1966
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
3.24
4.21
2.85
2.74
3.03
2.90
3.28
'2.44
'2.38
'2.88
'3.38
2.99
' 3. 21
'2.81
'3.48
2.87
'2.35
2.61
2.50
2.64
'2. 13
2.12
2.06
2.92
3.34
3.15
3.61
2.85
2.10
2.29
2.93
2.05
2.66
'3.24
4.20
' 2. 87
'2.76
'3.05
'2.93
3.31
2.44
'2.38
2.90
'3.41
'3.01
'3.24
' 2. 83
'3.48
'2.89
'2.37
'2.62
2.52
2.67
'2.18
2.13
' 2. 07
2.93
'3.35
3.16
3.64
2.86
' 2. 11
'2.29
2.94
2.05
2.66
Dec.*
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued (see box below)
WEEKLY AND HOURLY EARNINGS— Con.
Not Seasonally Adjusted
Average hourly gross earnings per production
worker on payrolls of nonagricultural estab. :f
Mining
._.
_.
.
dollars. ._
Contract construction
....do.. „
Manufacturing
do~
Excluding overtime
do
Durable goods
. _
do.. .
Excluding overtime
' _ . _•
..do., .
Ordnance and accessories
.___
do
Lumber and wood products
.
do
Furniture and fixtures ,
.do
Stone, clay, and glass products
...do
Primary metal industries
. .do
Fabricated metal products. ...
. .do
Machinery, except electrical
do
Electrical equip, and supplies. _ • _ „ _ ' _ _ .do
Transportation equipment- .
. . _ _ _ _ . .do
Instruments and related products
do. . - Miscellaneous manufacturing ind . _ .do - . Nondurable goods
do
Excluding overtime
..do
Food and kindred products
do
Tobacco manufactures. .... ..
.. do
Textile mill products
do
Apparel and other textile products
do
Paper and allied products
do
Printing and publishing- .
do
Chemicals and allied products.— ...-- .do
Petroleum and coal products. _
do
Rubber and plastics products, nee
.do
Leather and leather products
do
Wholesale and retail trade. .
do
Wholesale trade
do
Retail trade. _
do
Finance, insurance, and real estate.
do
Spendable Weekly Earnings
Spendable average weekly earnings per worker (with
three dependents) in manufacturing industries:
Current dollars
Constant dollars
1957-59 dollars
3.18
2.76
2.96
2.58
3.21
2.62
2.14
2.36
2.27
2.43
2.09
1.87
1.83
2.65
3. 06
2.89
3.28
2.61
1.88
2.03
2.61
1.82
2.39
3.06
3.88
2.72
2.59
2.90
2.76
3.19
2.25
2.21
2.72
3.28
2.87
3.08
2.65
3.33
2.73
2,22
2.45
2.35
2.52
2.19
1.96
1.89
2.75
3.16
2.98
3.41
2.67
1.94
2.13
2.73
1.31
2.48
3.12
3.96
2.76
2.64
2.94
2.80
3.21
2.28
2.25
2.78
3.31
2.92
3.13
2.69
3.40
2.76
2.25
2.49
2.39
2.54
2.11
2,01
1.93
2.80
3.21
3.04
3.46
2.70
1.98
2.18
2.79
1.95
2.50
3.14
3.99
2.77
2.65
2.96
2.82
3.24
2.27
2.26
2.77
3.30
2.93
3.15
2.70
3.41
2.77
2.28
2.50
2.40
2.57
2.17
2.00
1.93
2.79
3.22
3.04
3.46
2.70
1.98
2.16
2.80
1.94
2.51
3.17
4.02
2.78
2,67
2.96
2.84
3.23
2.27
2.26
2.76
3.31
2.94
3.15
2.70
3.39
2.78
2.32
2.51
2.42
2.60
2.20
2.01
1.95
2.80
3.22
3.04
3.50
2.71
2.00
2.20
2.81
1.97
2.55
3.16
4.00
2.79
2.68
2.96
2.84
3.21
2.30
2.27
2.77
3.30
2.94
3.16
2.72
3.38
2.79
2.33
2.53
2.44
2.61
2.28
2.01
1.99
2.81
3.22
3.04
3.54
2.70
2.03
2.21
2.83
1.98
2.56
3.16
3.99
2.79
2.69
2.96
2.85
3.21
2.31
2.28
2.78
3.31
2.93
3.16
2.73
3.37
2.79
2=34
2.54
2.45
2.63
2.34
2.02
2.00
2.81
3.24
3.05
3,56
2.70
2.05
2.22
2.84
1.98
2.57
3.18
3.99
2.80
2.70
2.97
2.86
3.20
2. 34
2.29
2.79
3.29
2.95
3.15
2.75
3.39
2.81
2.33
2.55
2.46
2.64
2.36
2.02
2.01
2.82
3.23
3.05
3.57
2. 71
2. 06
2.23
2.86
2.00
2.59
3.17
4.02
2.81
2.70
2.99
2.87
3.20
2.35
2,31
2.81
3.30
2.97
3.16
2.76
3.40
2.82
2.33
2.55
2.46
2.64
2.37
2.03
2.00
2.83
3.26
3.07
3.58
2.63
2.06
2.24
2. 87
2.00
2.60
3.19
4.02
2.82
2.71
2.99
2.88
3.21
2.39
2.31
2.81
3.32
2.96
3.17
2.79
3.41
2.84
2.34
2.56
2.46
2.64
2.39
2.03
2.02
2.86
3.26
3.10
3.56
2.64
2.07
2.25
2.88
2.01
2.60
3.22
4.08
2.82
2.71
3.00
2.88
3.23
2.41
2.31
2.83
3.34
2.96
3.18
2.79
3.43
2.85
2.34
2.57
2.47
2.63
2.40
2.02
2.01
2.89
3.27
3.12
3.61
2.63
2.05
2.25
2.89
2.01
2.62
3.20
4.10
2.82
2.71
3.00
2.88
3.24
2.41
2,33
2.85
3.37
2.97
3.17
2.78
3.45
2.85
2.33
2.57
2.47
2.62
2.25
2.04
2.C4
2.90
3.28
3.12
3.56
2.77
2.07
2.25
2.88
2.01
2.61
96. 78
88.06
99.45
87.93
100. 76
87.92
101. 09
88.13
100.08
87.25
98.86
86.11
99.30
86.35
99.40
86.21
100. 16
86.64
100.93
87.01
100. 27
86.07
101. 16
86.54
53,111
44, 234
38.7
98.69
2.55
54, 220
45,167
38.4
38.6
99.84
2.60
54,590
45, 517
38.6
38.4
99.97
2.59
53, 165
44, 079
38.2
38.4
99.70
2.61
53, 017
43,895
37.9
38.2
99.30
2.62
53,289
44, 136
38.0
38.2
99.56
2.62
53, 631
44, 440
37.8
38.0
99.41
2.63
53,990
44,782
37.9
38.0
100.06
2.64
54,850
45, 545
38.3
38.1
101. 88
2.66
54, 858 55,168
45, 493 45, 785
38.6
38.5
38.2
38.2
103. 18 103. 45
2.68
2.68
2.92
3.70
2.61
2.51
2.79
2.67
3.13
2.17
2.12
2.62
MISCELLANEOUS EMPLOYMENT AND
EARNINGSf
Not Seasonally Adjusted
Private sector (excludes government):
Employees, total, nonagricultural estab
thous . . 50, 741
42,309
Production or nonsupervisory workers
do
Hrs. (gross), av. weekly: Unadjusted-hours..
38.8
Seasonally adj do
Weekly earnings (gross), average. ... dollars. . 95.06
2.45
Hourly earnings (gross), average.
do_.
3.24
4.18
2.85
2.73
3.03
2.89
3.27
2.45
2.37
2.87
3.38
3.00
3.21
2.78
3.47
2.87
2.34
2.61
2. 50
2.63
2.18
2.10
2.07
2.92
3.33
3.14
3.60
2.83
2.09
2.28
2.93
2.03
2.63
102.61 '102.37
87.63 ' 87. 12
102. 80
87.27
55, 057 '55,038 '55,477
45, 696 '45,688 '46,089
38.1
38.1
38.4
38.3
38.0
38.4
104.06 '103.25 '103.63
2.72
2.71 '2.71
Employees on payrolls of nonagric. estab. :f
General building contractors
thous
Heavy construction contractors
do
Special trade contractors
do
Railroad transportation
do
Local and interurban passenger transit
do
Trucking and warehousing. _ _ _ _ . „ _
do
Transportation by air _ _ ^ _
do
Telephone communication
do
Electric, gas, and sanitary services
do
Laundries and dry cleaning plants
do
Blast furnaces and steel mills
do
Motor vehicles and equipment........
do
994
648
1,543
735
269
964
229
735
623
548
580
843
1,047
674
1,571
718
269
1,008
247
773
628
559
571
859
1,067
696
1,565
713
273
1, 045
265
790
625
560
568
894
1,028
593
1,525
715
276
1,030
268
791
626
556
562
888
963
531
1,453
699
277
999
273
794
626
550
562
855
931
519
1,413
696
276
994
276
797
626
549
556
845
942
538
1,441
693
277
1,000
281
801
627
553
558
837
979
615
1, 512
695
275
960
285
802
628
556
552
813
1,006
678
1,544
697
277
1,023
289
803
629
556
550
827
1,057
745
1,605
707
269
1,042
293
812
644
564
556
830
1,096
783
1, 669
706
256
1,062
297
822
656
564
557
750
1,119
794
1,682
702
256
1, 055
301
821
656
557
555
717
Hours (gross, average weekly) per worker:
General building contractors
.
hours
Heavy construction contractors
do
Special trade contractors
do
Trucking and warehousing.
do
Laundries and dry cleaning plants
...do. _
Blast furnaces and steel mills
do
Motor vehicles and equipment
do
36.1
40.8
36.9
42.5
38.8
41.0
44.2
36.3
41.0
37.1
42.5
38.2
40.7
42.8
35.3
38.7
36.0
42.5
37.8
40.2
43.1
36.3
39.9
36.9
42.8
38.1
39.5
42.6
36.3
39.6
36.8
41.5
37.6
40.6
41.0
35.1
38.9
35.3
41.8
36.7
39.7
39.2
35.8
39.8
36.3
41.7
37.2
40.0
38.8
36.0
39.4
36.5
38.2
37.5
39.6
38.9
36.0
40.2
36.7
41.8
37.3
39.9
41.3
36.7
42.0
37.3
42.7
37.8
39.9
41.0
37.1
42.9
37.7
42.5
37.6
40.1
40.4
37.3
43.2
37.6
42.8
37.5
39.9
41.5
37.2
43.1
37.9
42.7
37.5
40.2
43.3
' 36,5
'42.2
'37.1
42.3
37.4
39.7
' 42. 5
37.3
41.8
37.4
42.3
37.1
40.7
38.5
3.89
3.60
4.27
3.20
1.67
3.58
3.50
3.87
3.58
4.27
3.22
1.69
3.56
3.46
3.89
3.49
4.26
3.24
1.70
3.59
3.45
3.87
3.54
4.27
3.19
1.71
3.56
3.49
3.92
3.59
4.30
3.26
1.73
3.58
3.51
3.87
3.67
4.30
3.31
1.74
3,58
3.54
3.94
3.76
4.35
3.33
1.74
3.61
3.57
3.97
3.80
4.36
3.33
1.74
3.65
3.57
4.06
3.87
4.44
3.39
1.75
3.67
3.60
4.09
3.84
4.48
'3.39
1.77
'3.64
'3.58
4.10
3.78
4.48
3.38
1.78
3.67
3.58
Hourly earnings (gross, average) per worker:
General building contractors
_ dollars
3.89
3.76
3.88
3.55
Heavy construction contractors
do
3.54
3.56
3.38
3.58
Special trade contractors
do
3.94
4.13
4.21
4.23
Trucking and warehousing
do
3.22
3.22
3.18
3.07
Laundries and dry cleaning plants
do
1.64
1.65
1.52
1.60
Blast furnaces and steel mills
do
3.58
3.56
3.46
3.58
Motor vehicles and equipment
do
3.52
3.34
3.44
3.54
Construction wages, 20 cities (ENE) : §
Commonlabor
$perhr
3.720
3.623 3.710
3.415
Skilled labor
do
5.207
4.951
5.330 5.335
Farm, without board or rm., 1st of mo.
do
1.23
1.14
Railroad wages (average, class I)
....do
* 3. 008 i 3. 106
"3.144~
r
Revised.
» Preliminary.
' Includes adjustments not distri buted by months
3.748 3.752 3.757
5.355
5.364
5.371
1.33
3.198 ""§."266" "3.179"
.tSe 3 box, thi s page.
1,081
1,091
774
'749
1,648 '1,634
'679
690
276
276
1,059 '1,050
303
301
803
808
648
'640
555
554
542
547
759
759
3.26
4.22
2.90
2.78
3.08
2.95
3.32
2.42
2.39
2.90
3.42
3.03
3.26
2.85
3.55
2.90
2.40
2.64
2.53
2.68
2.29
2.13
2.08
2.95
3.37
3.17
3.63
2.87
2.11
2.27
2.95
2.03
2.69
55,863
46,465
38.1
37.9
103.25
2.71
1,074
704
1,610
675
278
1,066
304
806
640
552
550
848
3.757 3.832 3.876
3.962 3.978 3.978 3.997 4.001
5.374
5. 464
5.687
5.533
5.627
5. 660
5.560 5.620
1.34
1.36
1.29
3. 235 "3.269" "3.212" 3.259 "3." 226"
§Wage sasof Jai1. 1, 1968: Commo n labor, S| 4.036; skilled labor, $5.727.
4.009
5.693
Changes in Labor Force, Employment, and Earnings Tables
Effective with the Sept. 1967 SURVEY, we have broadened the tables to provide more
series irom the Bureau of Labor Statistics, as follows: Additional unemployment rates; seasonally adjusted production workers and weekly hours (for these items, unadjusted data are
shown for totals only); man-hours (aggregate nonfarm man-hours, and man-hour indexes
for construction, mining and, for manufacturing, by industry groups); employment, hours,
and earnings for private sector industries combined (not seasonally adjusted); and factory
workers spendable earningsfin current and constant dollars (gross earnings excluding social
security and income taxes; earnings in constant 1957-59 dollars reflect adjustment for changes
in purchasing power since the base period),
Also, the establishment (or payroll) employment, hours, man-hours, earnings, and turnover
data reflect adjustment to March 1966 benchmarks and revised seasonal factors; the figures
are not strictly comparable with figures previously published in the SURVEY. Comparable
earlier data (except seas. adj. man-hour indexes and unemployment rates, available upon
request) appear in BLS Bulletin 1312-5, Employment and Earnings Statistics for the United
States, 1909-67, available from the Government Printing Office, Wash., D.C. 20402.
January 1968
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1966
Annual
Nov.
1967
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued (see box, bottom of p. S-15)
HELP- WANTED ADVERTISING
Seasonally adjusted index
1957-59=100
LABOR TURNOVER
Manufacturing establishments: f
Unadjusted for seasonal variation:
Accession rate, total
mo. rate per 100 employees..
New hires. .
_
_ .do. _
Separation rate, total
__—
_do_ __
Quit
do
Layoff
do
Seasonally adjusted:
Accession rate, total
_
do
New hires _
._ ' __ _
do_ _
Separation rate total
do
Quit
do
Layoff
do
INDUSTRIAL DISPUTES
Strikes and lockouts:
Beginning in period:
Work stoppages
number
Workers involved
_
thous
In effect during month:
Work stoppages
number
Workers involved
_ _ _ „ thous__
Man-daysidle during period.
__do__-EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placements
__
thous..
Unemployment insurance programs:
Insured unemployment, all programs©
do
State programs:
Initial claims . _ _ _ _ .
_.. do
Insured unemployment, weekly avg___do
Percent of covered employment :d\
Unadjusted
Seasonally adjusted .
Beneficiaries, weekly aver age.... „
_thous__
Benefits paid
mil. $
Federal employees, insured unemployment,
weekly average— .
thous_
Veterans' program (UCX) :
Initial claims
__.
_ _ .
do
Insured unemployment, weekly avg _.do.
Beneficiaries, weekly average
do
Benefits paid
mil. $
Railroad program:
Applications.
.
._._
__thous__
Insured unemployment, weekly avg_. _ do
Benefits paid
.
mil. $
155
190
194
193
189
190
184
181
174
171
169
180
185
4.3
3.1
5.0
3.8
3.9
3.1
4.3
2.1
1.3
2.9
2.1
4.3
3.0
3. 6
2.7
3.9
2.8
3.9
2.8
4.6
3.3
5.9
4.5
A q
5.4
4.0
K o
1.7
1.8
2.1
1.5
1.9
1.3
3.2
1.1
5.3
4.1
6.2
4.0
1.2
4.8
3.7
4.6
2.6
1.2
4. 6
3.6
4.4
2.7
1.3
4. 6
3.6
4.6
2.5
1.4
4.1
19
1.4
4.6
2 6
1.2
••'186
'4.7
f 3.6
2.1
1.5
2.2
1.3
2.2
1.1
2.3
1.1
4.6
3.3
4.0O
2.1
1.9
3.4
4.9
2.5
1.5
3.2
5.2
2.4
1.7
3.1
4.7
2.3
1.5
3.2
4.6
2.2
1.4
3.2
4.8
2.4
1.4
3.0
4.4
2.1
1.6
3.1
4.3
2.3
1.1
4.3
3.2
4.7
2.3
1.3
'4.7
••3.5
'4.5
2.2
1.3
P4.4
P3.3
1-4.3
"300
* 197
4. O
0. o
A..^0
4
'3.7
P2.7
P4.0
r> 1. 9
••4.7
2.4
1.3
3,963
1,550
4, 405
1,960
126
173
49
275
98
325
106
430
141
440
409
535
255
430
177
375
804
385
86
405
375
405
158
23,300
25,400
533
234
2,150
389
158
1,670
440
190
1,270
465
151
1,280
575
202
1,490
600
443
2,170
695
402
3,900
670
350
4,360
630
1,010
4,710
655
231
2,840
670
484
6,320
645
440
6,510
6,473
6,493
513
421
440
407
460
476
507
537
487
552
558
1,419
1, 123
955
1,313
1, 631
1,654
1,603
1,423
1, 197
1, 070
1, 246
1, 122
955
12, 047
1,328
10, 575
1,061
915
903
1,280
1,254
1,346
1,558
1, 087
1,582
1,061
1, 532
1, 005
1,360
848
1,142
803
1,019
1,218
1, 184
872
1,059
2.7
2.4
902
157.6
3.3
2.4
1,276
224.8
3.4
2.5
1,349
219.5
3.3
2.6
1,374
257.5
2.9
2.7
1,244
200.6
2.4
2.7
1,014
183.6
2.1
2.6
925
156.1
2.4
2.8
907
147.3
2. 2
2.6
946
172. 8
P530
P400
p 388
P194
3,060 * 2,610
540
460
953
1,068
663
894
798
910
997
1.8
2.4
759
122.6
1.8
2.4
713
122.1
2.0
2.3
776
134. 9
r
3.0
2.3
1,131
2,166
895
1,771
1.9
2.2
673
114.8
25
21
17
20
23
24
22
19
18
18
20
19
18
20
21
266
36
182
21
19
39.5
15
16
13
2.4
17
21
16
3.0
19
25
22
4.0
15
25
23
3.9
16
24
22
4.2
14
21
21
3.6
14
19
18
3.4
17
19
19
3.5
22
24
18
3.1
21
25
23
4.4
18
22
21
3.7
20
34
67.5
22
19
3.5
22
26
21
4.0
18
2.6
7
19
2.9
11
25
3.5
6
24
3.8
5
23
4.2
4
20
3.0
3
17
2.8
15
14
2.5
21
17
2.1
12
18
3.2
15
21
2.9
56
21
4.2
4.8
138
30
145
20
60.3
39. 3
"190
54
23
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
.
mil. $
Commercial and finance cb. paper, total
do
Placed through dealers do
Placed directly (finance paper) .._ _ _ _ do.
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period
„_ ..mil. $
Farm mortgage loans:
Federal land banks
do
Loans to cooperatives
do
Other loans and discounts
do
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted: A
Total (233 SMSA's) O
bil. $
New York SMSA _.
do
Total 232 SMSA's (except N.Y.)
do..._
6 other leading SMSA 's 5
do
226 other SMSA's .
do
Federal Reserve banks, condition, end of period:
Assets, total 9....
mil. $
Reserve bank credit outstanding, total 9 ~ do.__.
Discounts and advances..
do
U.S . Government securities
do
Gold certificate reserves _ _ _ _ _ _ _ _ d o .
Liabilities, total 9
do
Deposits, total
do
Member-bank reserve balances . _ _ _ _ do
Federal Reserve notes in circulation.
do
Ratio of gold certificate reserves to FR note
liabilities..
___._.__
percent..
3 603
13 279
3 089
10,190
3 457
14 169
3 153
11 016
3 603
13 279
3 089
10 190
3 601
14 718
3 449
11 269
3 575
15 199
3 781
11 418
3,704
16 034
4 360
11, 674
3,830
16,249
4 356
11, 893
3,964
17, 067
4 713
12, 354
4,131
16, 150
4 934
11,216
4, 116
17, 044
4,976
12,068
4, 103
16, 816
4 979
11,837
4, 146
16, 220
5,124
11, 096
4,136
16, 777
5 186
11, 591
4,218
17, 147
5,136
12, Oil
8,080
9,452
9,357
9,452
9,560
9,721
9,937
10, 103
10, 280
10, 435
10, 605
10, 661
10, 624
10, 661
10,675
4 281
1,055
2 745
A 958
1 290
3 205
4 938
1,276
3 143
4 958
1,290
3 205
4 986
1,323
3 251
5 036
1 342
3 343
5 111
1 363
3 463
5 175
1,337
3 590
5 248
1,316
3, 716
5 303
1,296
3 836
5 358
1,335
3 911
5 404
1,368
3 889
5 449
1, 384
3,790
5 502
1, 438
3 721
5,546
1,475
3,654
6,406 5 6, 409. 1
2, 844. 6 2, 847. 3
3, 561. 9 3, 561. 8
1 405 11, 362 2
2 156 8 2,199.6
6 294.9
2, 724. 7
3, 570. 2
1 389 5
2 180.7
6 315 9 6 553 5 6 348.2
2, 756. 6 2,864.0 2, 734, 5
3, 559. 3 3, 689. 5 3, 613. 7
1 386 8 1 451 4 1 409.2
2, 172. 5 2, 238. 1 2, 204. 5
6 637 2
2,904 1
3, 733. 1
1 476 4
2, 256 7
6 688 7
2, 857. 1
3, 831. 6
1 560 5
2,271 1
7, 067. 8 6,799 4
3, 185. 7 2, 952. 4
3, 882. 1 3,847.0
1 575 0 1 513 6
2 307 1 2,333 4
6 993 0
3 102 4
3 890.6
1 537 7
2 352 9
3 392
9, 058
1 903
7, 155
5 151.8
2, 138. 5
3, 013. 3
1 140.9
1, 872. 4
5 923 1 6 078.5
2, 502. 2 2, 566. 6
3, 420, 9 3, 511. 9
1 328 11 373 8
2 092 7 2 138.1
65 371
70 332
68,376
70, 332
67, 493
67 490
67, 385
69, 015
68, 862
70 135
70, 516
70 126
71 193
71 383 r 73 413
75 330
43,340
137
40,768
13, 436
47,192
173
44, 282
12, 674
46, 281
458
43,912
12, 667
47,192
173
44, 282
12,674
45,602
71
43,464
12, 678
45, 799
165
43, 971
12, 626
46, 507
42
44,908
12, 611
47, 267
54
45, 460
12, 604
47, 799
415
46, 066
12, 608
48, 268
68
46, 718
12, 610
47, 603
41
46,804
12,604
48,363
36
46, 555
12, 499
48,860
74
46,916
12 510
48,873 ' 50,869
120
76
47,390 48,931
12 410 12 392
51,938
141
49,112
11 481
65 371
70 332
68, 376
70, 332
67, 493
67 490
67,385
69, 015
68,862
70, 135
70, 516
70 126
71 193
71 383 r 73 4i8
75 330
19 620
18,447
37.950
20 972
19, 794
40, 196
19, 987
19, 093
39,581
20, 972
19, 794
40, 196
20 171
18, 773
39, 216
19 879
18, 916
39, 115
20 561
19, 148
39, 013
21, 353
19, 410
39, 070
20 844
19,634
39,499
21 474
19, 505
39, 934
20 813
18,877
40, 199
21 433
19,789
40 363
22 072
20,686
40 413
21 877 r 22 837 22 920
20,604 ' 20^648' 20,999
40 628 41 488 42 369
35.4
31.5
32.0
32.3
32.3
32.3
32.3
31.0
31.0
31.5
'Revised.
*>Preliminary.
fSee box note, bottom of p. S-15:
©Excludes persons under extended duration provisions.
cf Insured unemployment as % of average covered employment in a 12-month period.
ARevised series.
6 997 7
3 100 8
3, 896. 9
1 557 8
2 339 1
31.9
31.6
31.4
30.5
29.9
27.1
OTotal SMSA's include some cities and counties not designated as SMSA's.
^Includes Boston, Philadelphia, Chicaga, Detroit, San Francisco-Oakland, and Los
Angeles-Long Beach.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
January 1968
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
End of year
S-17
1967
1966
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
23,362
23,053
309
134
175
23, 284
22,914
370
101
269
23,518
23,098
420
123
297
23,907
23,548
359
87
272
Aug.
Sept.
23,791
23,404
387
89
298
24,200
23,842
358
90
268
Oct.
Nov.
Dec.
FINANCE—Continued
BANKING— Continued
All member banks of Federal Eeserve System,
averages of daily figures:
Reserves held, total
mil. $ 1 22, 719 11 23, 830 23,251
23, 438 22, 862
Required
do. _ 122,267
Excess. __
__
do____
^392
U52
389
Borrowings from Federal Reserve banks do
*557
1454
611
Free reserves
..
_ _ do
-222
i -2 1-165
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:©
Deposits:
75,901
75, 120 73, 134
Demand, adjustedcf
mil. $
Demand, total 9
do.
110,201 114, 765 108, 956
Individuals, partnerships, and corp. ...do
83, 108 79, 482
81,070
State and local Governments....
__do
6,137
5,854
6,310
U.S. Government _ __ __
.
do.
3,882
4,059
2,782
Domestic commercial banks. ... __ _ do
13, 838 13, 077
12,399
Time,total9-do
85,298
89, 639 88, 527
Individuals, partnerships, and corp.:
Savings
_
. _ _
do
50, 694
47, 213 47, 038
Other time...
___
. _. do
22, 111
29, 002 28, 967
Loans (adjusted), totald*
- _. _ - do_ __ 125, 789 134, 761 131, 741
Commercial and industrial
do
53, 113
60, 779 60, 042
For purchasing or carrying securities
do
6,633
6,691
5,339
To nonbank financial institutions
_ _ do
11, 187
11, 228 10, 349
Real estate loans
do
25, 577
27, 492 27, 561
Other loans
...
do
34,917
34,729 34, 657
Investments, total
__
do
52,811
51, 502 49, 915
U.S. Government securities, total _ _ . do .. 26,638 24, 803 23, 491
Notes and bonds
_
____do
21, 591
19, 816 19, 637
Other securities
do
26, 173
26, 699 26, 424
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas. adj.:t
Total loans and investments O
bil $
294.4
2 310. 2
309.3
Loans©!
_ _.
do
192.4
2 207. 8
207.5
U.S. Government securities. ___..
..do
57.3
53.7
53.4
2
Other securities
do
44.8
48. 7
48.4
Money and interest rates: § f
Bank rates on short-term business loans:
In 19 cities
_
percent per annum
New York City.
do.._.
7 other northern and eastern cities
do
11 southern and western cities,....
.do .
35.06
34.83
35.09
35.34
Discount rate (N.Y.F.R. Bank), end of year or
month.
percent..
4.50
Federal intermediate credit bank loans____do
34.94
Federal land bank loans
_
do
35.43
Home mortgage rates (conventional 1st mortgages) :
New home purchase (U.S. avg.)_
percent.. 35.76
Existing home purchase (U.S. avg.)_
do
35.89
Open market rates, New York City:
Bankers' acceptances (prime, 90 days) _ . .do
5 4. 22
Commercial paper (prime, 4-6 months).. do
M.38
Finance Co. paper placed directly, 3-6 mo. do
5 4. 27
Stock Exchange call loans, going rate
do
«4.69
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent.. 53.954
3-5 year issues _ _
_.
. _•_ do
M.22
Savings deposits, balance to credit of depositors :
N.Y. State savings banks, end of period
mil.$
U.S. postal savings f
...do
36.00
35.84
36.06
36.14
23,830
23,438
392
557
-165
24,075
23,702
373
389
-16
23,709
23,351
358
362
-4
23,405
22,970
435
199
236
75, 120 73, 703 72,600 72, 841 71, 484
114, 765 111, 768 109, 635 106, 592 110, 455
83, 108 79, 215 79, 254 77, 469 77, 831
6,137
6,310
6,771
5,937
6.229
2,944
3,882
e;i5o
3,752
3,355
13, 838 13, 481 13, 236 12, 462 12,927
89, 639 92, 985 94, 240 96, 133 96, 569
314.4
210.4
54.2
49.9
318.0
211.0
55.9
51.1
321.4
211.3
57.8
52.3
323.2
213.5
56.1
53.6
324.6
213.5
56.1
55.0
47,739
35, 117
136,043
63,784
6,050
10, 270
27, 547
35, 231
55, 783
24, 126
21, 335
31, 657
325.6
213.9
55.4
56.3
47,836 47,957 48,349 48,438 48,533 48,864
36, 604 37,449 37,174 37, 949 38,788 38, 273
137, 270 135, 488 138, 009 139.220 138,204 143,966
63,445 62, 189 63,372 63,401 63, 733 66,290
7,455
8,350
6,817
7,791
7,024
7,247
9,773 10,470
9,907
9,495 10, 185 10,428
27, 797 28,094 28,337 28, 531 28,754 28, 988
34,992 35, 273 35,466 35, 730 35, 597 37,700
58,268 59, 321 59,717 61,677 61,485 61,804
26,004 26,903 27,043 28,915 28, 400 28, 371
21, 041 22, 274 21,978 21,842 22,436 22,322
32, 264 32, 418 32, 674 32, 762 33, 085 33,433
332.4
217.1
58.8
56.5
5.95
5 67
«6 6. 13
5 86
6.31
6 16
6 38
6 46
25, 256
24, 915
341
238
103
72,891 73, 173 74,348 73,321 74,395 77,183 76,649 81,848
111,495 109,403 112,459 107, 686 113, 043 118,625 113,421 127, 277
79, 782 79, 244 81,030 79, 157 81,444 84,808 83,521 92,380
5,607
6,683
5,665
6,231
6,249
5,920
5,503
6,089
5,353
4,031
3,368
3,818
2,705
2,322
3,103
3,458
13, 490 12, 701 13, 445 12,643 12,846 13,960 12, 774 15, 752
97, 829 98, 848 100, 731 101, 827 101, 659 102,189 102,969 102, 921
47, 213 46, 459 46, 609 47, 098 46, 970 47, 285
29,002 32, 425 33, 024 34, 039 33, 769 34, 707
134, 761 133, 268 132, 359 133, 027 134,237 133,108
60, 779 60, 385 60, 730 61, 962 62,648 61,836
6,302
6,901
6,691
6,799
6,642
7,419
9,634
9,723
9,942
11, 228 10, 280
9, 612
27,
296
27,087
27,
168
27, 492 27, 290
27, 131
34, 729 34, 235 33,808 33,852 34, 068 34, 510
51, 502 53, 163 54,147 56, 038 56, 033 56, 269
24, 803 25, 758 25, 629 26, 770 25,326 25,398
19, 816 20, 246 21, 058 21, 248 21, 446 21, 544
26, 699 27, 405 28, 518 29, 268 30, 707 30, 871
310.2
207.8
53.7
48.7
24,608 ' 24,740
24, 322 ' 24,337
286
'403
126
133
160
••270
337.3
218.2
61.8
57.3
339.5
220.2
61.6
57.7
342.6
221.8
62.3
58.6
344.3
222.3
61.8
60.2
344.4
224.0
60.0
60.4
5.96
5.71
' 5. 95
r
5 66
4.50
35.82
3 5. 74
4.50
6.33
6.00
4.50
6.38
6.00
4.50
6.38
6.00
4.50
6.38
6.00
4.50
6.17
6.00
4.00
6.03
6.00
4. 00
5.78
6.00
4.00
5.72
6.00
4.00
5.63
6.00
4.00
5.62
6.00
4.00
5.64
6.00
4.00
5.66
6.00
4.50
5.78
6.00
4.50
36.11
36.24
6.40
6.50
6.44
6.52
* 6. 47
<6.54
6.44
6.50
6.41
6.44
6.37
6.36
6.28
6.31
6.29
6.30
6.34
6.33
6.34
6.38
6.37
6.37
6.37
6.42
6.37
' 6. 43
6.45
6.51
55.36
«5.55
55.42
55.78
5.67
6.00
5.88
6.25
5.60
6.00
5.88
6.25
5.23
5.73
5.50
6.20
4.88
5.38
5.19
5.75
4.68
5.24
5.01
5.75
4.29
4.83
4.57
5.50
4.27
4.67
4.41
5.50
4.40
4.65
4.40
5.50
4.58
4.92
4.70
5.50
4.77
5.00
4.75
5.50
4.76
5.00
4.77
5.50
4.88
5.07
4.96
5.50
4.98
5.28
5.17
5.68
5,43
5.56
5.43
6.00
54.881
55.16
5.344
5.43
5.007
5.07
4.759
4.71
4.554
4.73
4.288
4.52
3.852
4.46
3.640
4.68
3.480
4.96
4.308
5.17
4.275
5.28
4.451
5.40
4.588
5.52
4.762
5.73
5.012
5.72
30,312
309
32,025
122
31, 590
140
32,025
133
32,341
109
32, 564
102
33, 079
92
33,171
83
33,904
53
34, 090
34,301
34,696
72
87, 884
68,565
28, 843
17, 693
3, 675
18,354
94,786
74, 656
30, 961
19, 834
3,751
20, 110
92, 498
73,491
30,937
18,945
3,772
19,837
94, 786
74, 656
30,961
19, 834
3,751
20, 110
93, 479
74, 015
30, 689
19,649
3,703
19,974
92,517
73, 598
30, 530
19, 426
3,666
19,976
92,519
73, 591
30, 527
19, 369
3,648
20,047
93, 089
73, 840
30,635
19, 376
3,636
20, 193
93, 917
74, 290
30,852
19, 442
3,670
20, 326
94, 813
75,051
31, 208
19, 580
3,696
20,567
95, 115
75, 348
31,364
19,607
3,711
20, 666
95, 684
75,889
31,455
19, 755
3,743
20, 936
95,886
76,039
31,296
19, 914
3,742
21,087
96,094
76. 223
31,237
20,042
3,746
21, 198
96,802
76,680
31,217
20,340
3,748
21,375
60, 273
29, 173
16, 138
7,512
5,606
1,844
8,292
4,488
1,235
447
2,122
19, 319
7,682
6,587
1,095
65,565
32, 155
16, 936
8,549
6,014
1,911
9,091
65, 046
31,978
16,790
8,480
5,881
1,917
8,445
65,565
32, 155
16, 936
8,549
6,014
1,911
9,091
65, 162
32, 033
16, 814
8, 443
5,969
1,903
8, 853
64,966
31, 967
16, 696
8,429
5, 965
1,909
8,632
65,006
32,068
16, 593
8,485
5,951
1,909
8,585
65, 298
32, 299
16, 590
8,561
5,951
1,897
8, 542
65, 733
32, 560
16, 615
8,665
5,947
1,946
8,557
66, 452
32,966
16, 721
8,826
5,995
1,944
8,599
66, 781
33, 235
16, 747
8,864
6,009
1,926
8,567
67, 273
33, 536
16, 755
8,991
6,036
1,955
8,616
67, 376
33,637
16, 701
9,026
6, 067
1,945
8,663
67, 513
33,723
16, 698
9,054
6,086
1,952
8,710
67,763
33,819
16, 722
9,113
6,138
1,971
8,917
490
490
490
488
485
486
490
494
502
506
508
507
506
506
20, 130
7,844
6,714
1,130
19, 007
7,807
6,678
1,129
20, 130
7,844
6,714
1,130
19, 464
7,779
6,659
1,120
18, 919
7,754
6,634
1.120
18, 928
7,769
6,647
1,122
19, 249
7,890
6,758
1, 132
19, 627
8,017
6,848
1,169
19, 762
8,077
6,902
1,175
19, 767
8,100
6,927
1,173
19, 795
8,136
6,950
1,186
19, 847
8,179
6,994
1,185
19,871
20,122
8,237
7,034
1.203
CONSUMER CREDIT!
(Short- and Intermediate-term)
Total outstanding/end of year or month
mil. $._
Installment credit , total . _
do
Automobile paper
_
do
Other consumer goods paper....
do...
Repair and modernization loans
do
Personal loans
do
By type of hdlder:
Financial institutions , total
do
Commercial banks
._
do
Sales finance companies
do
Credit unions. _
do
Consumer finance companies
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
Other financial institutions
do
f
Revised.
i Average for Dec.
2 Effective with the June 9 change in Federal Reserve regulations,
data exclude loan balances accumulated for payment of personal loans (about $1.1 bil.); beginning
June
30,
about
$1
bil.
of certificates, formerly in "other loans," are in "other securities."
1
Average for year.
* Beginning Jan. 1967, data are on a new basis; they are not comparable
with earlier figures. « Daily average.
e Revised series.
0A11 data shown reflect changes in coverage and format; comparable data for July-Dec.
1965 appear in the Mar. 1967 issue of Federal Reserve Bulletin. Revisions for 1966 reflect adjustments for mergers (Jan. and Feb. data will be shown later).
cf For demand deposits, the term "adjusted" denotes demand deposits other than domestic
285-347 O - 68 - 5
8,189
7,001
1,188
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).
9Includes data not shown separately. ^Revised monthly data for commercial bank credit
prior to Aug. 1966 appear in the Sept. 1967 Fed. Reserve Bulletin; those for consumer credit
prior to Mar. 1965 appear in the May 1966 Fed. Reserve Bulletin.
OAdjusted to exclude
interbank loans. §For bond yields, see p. S-20. fBeginning Feb. 1967, series revised to cover
35 centers and exclude rates for certain loans formerly included (see May 1967 Federal Reserve
Bulletin).
^Monthly data are as of the following dates: 1966—Nov. 4; Dec. 2; 1967—Jan. 27;
Feb. 24; Mar. 24; Apr. 21; May 19; June 30.
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
1966
Nov.
January 1968
1967
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
6 387
6,471
6,614
1 083
5, 281
1,056
5,211
1,046
5,271
Dec.
FINANCE—Continued
CONSUMER CR EDIT §— Continued
Total outstanding, end of year or month— Con.
Noninstallment credit— Continued
Charge accounts, total
i mil. $
i 6 746
1
Department stores
do
968
Other retail outlets
_ do
i 5,055
1
723
Credit cards
do
1
Service credit
do
4 891
Installment credit extended and repaid:
Unadjusted:
* 75, 508
Extended total
do
27, 914
Automobile paper
do
21, 454
Other consumer goods paper .
_ do
All other
do
26, 140
Repaid total
do
67, 495
Automobile paper
do
24, 267
Other consumer goods paper
do
19, 355
All other...
do. _ _ 23, 873
Seasonally adjusted:
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.
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public: cf
Receipts from
_ _ _
mil. $
Payments to
_do_ _
Excess of receipts, or payments (— )
do_.._
Seasonally adjusted, quarterly totals: t
Receipts from _
bil. $
Payments to. _
_ _ .__
. .do
Excess of receipts, or payments (— )
do. _
Receipts and expenditures (national income and
product accounts basis), qtrly. totals, seas,
adj. at annual rates: *
Receipts
bil $
Expenditures
do
Surplus, or deficit (— )
do
Budget receipts and expenditures:
Receipts, total
mil. $
Receipts, netf
do
Customs
.
do
Individual income taxes
do
Corporation income taxes
do
Employment taxes
do
Other internal revenue and receipts
do
Expenditures, total!
_
do
Interest on public debt
do
Veterans' benefits and services
do
National defense
do
All other expenditures
do
Public debt and guaranteed obligations:
Gross debt (direct), end of yr. or mo., totaL.bil. $_.
Interest bearing, total
do
Public issues
_ _
do
Held by U.S. Govt. investment accts do
Special issues
_
_.
do
Noninterest bearing and matured
-do
Guaranteed obligations not owned by U.S. Treasury, end of year or month
bil. $
U.S. savings bonds:
Amount outstanding, end of yr. or mo._-do
Sales, series E and H
do
Redemptions. ..
...
.do
123 376
127 920
-4, 544
124 8
123 4
1.4
i 7, 144
6 199
7 144
6 472
5 824
5 809
5 923
6 231
6 334
6,346
1874
i 5, 142
878
5 001
874
5 14?
908
5 213
895
5 341
898
5 350
922
5 436
939
5 379
965
5,351
1 024
5,321
6 368
\
1 057
5,291
78, 896
28, 491
23, 502
26 903
72 805
26, 373
21, 361
25, 071
6 611
2 346
2 044
2 221
6 193
2 261
1 813
2 119
7 44?
o 178
9 720
9 544
6 277
2 154
1 831
2 992
5 674
1 923
1 808
1 943
6 315
2 195
1*993
2 127
5 488
1 916
1 655
1 917
5 905
2 075
1 878
1 952
6 641
2 350
1 985
2 306
6 648
2 353
2 042
2 253
6 495
2 294
1 927
2 274
6 246
2 186
1 920
2 140
7 062
2 559
2,074
2 429
6 612
2 342
2,008
2,262
7,458
2,678
2, 155
2,625
6,697
2, 322
2,017
2,358
6 859
2,396
2,071
2 392
6 562
2 240
2 044
2,278
7 223
2,392
2,229
2 602
6 682
2 301
2, 081
2,300
6 590
2,042
2,205
2 343
6,440
2,201
2,046
2,193
6,912
2,355
2, 215
2,342
6,728
2,414
2, 087
2,227
7,032
2,222
2,375
2,435
6,575
2,242
2, 077
2,256
6 657
2 461
1 947
2 249
6 213
2 255
1 836
2 122
6 433
2 297
1 998
2 208
6 112
2, 225
I 796
2, 091
6 501
2 240
2 031
2 230
6 221
2 202
1 882
2 137
6 497
2 177
2 099
2 221
6 281
2 217
1 915
2 149
6 510
2 199
2 049
2 262
6 246
2 193
1 899
2 154
6 606
2 217
2 095
2 294
6 393
2 235
1 968
2 190
6,554
2 238
2,032
2,284
6 361
2,219
1 948
2,194
6,823
2, 338
2,081
2, 404
6,531
2,281
1,995
2,255
6,776
2 266
2 147
2 363
6 551
2 228
2 074
2 249
6,929
2 285
2,212
2,432
6 585
2,240
2,079
2,266
6,973
2,322
2,234
2,417
6 689
2,280
2,106
2,303
6, 942
2, 321
2,165
2,456
6 631
2,301
2,093
2,237
7,032
2,305
2,242
2,485
6 614
2,240
2,105
2,269
145, 136 10 698
150, 868 13 654
-5, 731 — 2 955
12, 845
12, 545
299
11 251
11 641
—390
12 308
11 852
456
14 490 17 070 11, 295 '21, 501
8 938 11, 766
13 167 11 189 14, 445 '12,762 14, 538 16, 325
1 323 5 881 -3, 150 ' 8, 739 -5, 600 -4, 559
15, 176
14, 201
8, 739
14, 815
11, 032
15, 202
143 2
142.9
.3
975 -6, 076 -4, 170
38.4
38.6
-.2
39 2
38 8
.4
38.5
38.1
.4
38.5
43.4
-4.9
148 6
151 9
—3.3
149 1
160 9
—11 9
148.1
162.8
—14.7
152 7
165.9
-13.2
124 354
96 679
1 646
56 102
27 035
17 268
22' 303
101 378
11 615
5 151
52' 773
32 582
146, 863 9 819 12 815 11, 324 12 046
110 802
9 386
7*394 10 606
7 757
1 930
160
161
'l79
134
5 303
66,151
4 217
6 749
6 212
31 986
823
4 636
580
635
24 059
1 868 1 655 1 673 3 362
22 736
1 918 1 713
1 888 2 146
118, 078 10 386
9, 512
9,987
9 459
12 752
I 100
1 160 1 173 1 108
555
467
5 838
610
562
5 758
64,271
6,201
5 500 5,911
1 861 2 238
35 872
3' 233
2 048
r 320. 90
i 315 52
i 1270 26
15 51
1
46 26
i 4 39
i 329. 32 329. 41
i 325. 02 324 86
i 273. 03 272 31
116 69
16 29
i 51. 99
52 55
1
4, 30
4.55
167.5
16 527 19 225 12, 072 '22,072
6 289 ' 18, 304
11 395 13 534
176
166
150
' 170
5 687 r' 7, 275
5 016 9 807
1 065 T 9, 328
4 295
6 728
3 033 2, 566
3 157
2 353
1 817 2 120 ' 2, 728
2 261
131
9 464 10 915 ^10,
11 699
r
l' 154 1 127 1 103 1, 127
'428
565
548
480
6 125 ' 6, 113
6 893 6 303
1 567 3 130 ' 2, 505
3 112
9,018
6 371
160
4 107
946
1 970
1 835
11 502
1 142
'543
6 425
3 440
10, 768
7 301
178
5,375
642
2 646
1,927
12, 730
1 128
550
6,792
4 364
15, 090
12, 404
335. 90 ' 340. 50 345. 09
332. 45 337. 04 341 57
274. 71 279. 87 284 20
18.68
18. 61
18 80
57.74
57.17
57.37
3.46
3.45
3.52
329. 32
325 02
273 03
16 69
51.99
4.30
328. 87
324 94
273. 69
16.90
51.25
3.93
329. 62
325 69
27*' 20
18 04
51 49
3 93
330. 95
327 01
274 95
18 51
52 06
3 94
327. 80
323 88
272 23
18 65
51 65
3 93
330. 89
326 99
271 82
19 33
55 17
3.89
326. 22
322 29
266. 13
19 55
56.16
3.94
330. 64
327 13
270 92
19 16
56 21
3 50
335. 85
332. 41
274. 10
18 83
58.31
3.44
8,979
6 823
179
7,100
4,468
4 032
913
2,106
1,390
1,689
2,029
12,468 11, 530
1,154
1,145
599
543
6,586 r 6, 628
4 257 ' 3, 391
163
10, 225
7 529
193
5,463
588
2 107
1 872
11, 730
1 174
586
6 405
3 576
344. 66
341. 19
283. 96
57.23
3,47
i 46
1.49
49
.49
.50
51
51
51
.51
.51
. 52
.52
.52
.52
.54
.55
i 50. 46
4 49
5 44
i 50. 92
4 86
6 00
50.84
37
41
50.92
37
.45
50.93
49
.63
51.01
43
* 47
51.09
46
52
51.16
39
45
51.24
44
48
51.30
41
.50
51. 41
41
.47
51.46
.39
.48
51.50
.35
51.59
.40
51.67
37
51.71
.35
.46
.44
.43
.47
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies!
i 158 88 i 167 02 166 22 166 94 168 21 168 93 169 86 170 57 171 24 171 88 173 13 173 84 174 66 175 39 176 18
bil $
70 O£
i 70 15
i 71 go
71 78
Bonds (book value) total
do
75 37
72 34 ' 72 59 79 81
74 96
75 63
71 87
73 48
74 37
74 76
72 98
i 9 13
o oo
i 8 76
8 72
Stocks (book value) total
"do
7 81
7 50
7 44
8 62
7 36
8 12
8 46
8 84
8 34
7 58
7 91
Mortgage loans, total .
' " """""""""""do
65.
19
66.
88
*60 01
i 64 61
64.80
66.70
64 35
66 32
67 10
66 41
66 51
65 50
66 02
65 80
66 25
i 55 19
i 59 37
Nonfarm
do
61 40
59 96
61 24
59 56
59 12
60 92
61 07
61 60
61 04
60 26
60 72
60 52
60 92
Real estate
do
i 4 gs
i 4 88
5 10
4 88
4 88
5 08
4 84
4 99
5 16
4 94
5 03
5 05
4 89
4 92
4 95
9 34
i 9 12
Policy loans and premium notes
do
9 14
9 25
9.93
9 88
i 7 68
9 00
9 70
9 74
10 00
9 54
9 81
9 44
9 62
1
Cash...
"
" do"
1.40
1 43
i 1 50
1.49
1 33
1 34
1 45
1 53
1 4*6
1 30
1 33
1 18
1 34
1 26
1 35
i 5 73
7 99
Other assets
do
i 6 23
7 43
7 64
7 95
7 47
8 09
8 01
7 70
7 89
7 87
8 00
7 82
7 80
Payments to policyholders and beneficiaries in
U.S., total.
mil $ 11 416 6 12 342 2
956 0 1 309 8 1 048 2 968 1 1 °36 8 1 034 1 1 103 2 1 137 5 969 0 1 166 8 1 118 8 1 078 1 1 059 6
Death benefits
do
456 0
465 4
407 0
494 2
453 9
447 3
4 831 4 5 218 2
416 6
429 6
542 3
454 5
477 4
509 7
492 1
Matured endowments
do
93.2
79 2
82.8
78 8
87.1
96.0
981 6
71 6
931 1
80 0
82 7
87 9
77 5
95 9
85 6
Disability payments.. ._ .
do
13.1
14.8
16.6
13.0
14.3
169.3
16.1
13 5
163 0
13 4
17 5
13 7
13 3
16 5
15 1
Annuity payments
do
109
8
109
8
95 6
116 5
107 4
98 2
121 0
102 5
1 038 9 1 152 6
98 8
102 2
99 3
108 1
101 1
Surrender values ._ _ .
do
184.0
166 9
193 3
177 7
184 2
180 6
1 932 3 2 120 6
167 1
169 2
199 2
198 0
206 0
189 6
195 7
Policy dividends
_
"do
2. 519. 9 2. 699. 9
191.6 ! 427. 8 190.0
192.2
2fi«. 0
194.3
913 fi
253. 3
1«2. 6
965 5
267.9
218.6
210.6
-•Revised.
p Preliminary.
*New series. Data through 1962 are in the Aug. 1965 SURVEY; those for 1963-lst qtr. 1966
1
End of year; assets of life insurance companies are annual statement values.
appear on p. 25 of the July 1967 issue of the SURVEY.
IFData for net receipts and total ex§See note "J" on p. S-17.
d"Other than borrowing.
{Revisions prior to Sept. 1966 for
penditures reflect exclusion of certain interfund transactions.
cash transactions with the public (seas, adj.) and for Feb. 1964-Oct. 1966 for assets of all life
insurance companies will be shown later.
SUKVEY OF CURRENT BUSINESS
January 1968
1966
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
Annual
S-19
1967
1966
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) : J
Value, estimated total
.
mil. $ 1 142,166
Ordinary
_ _
_
_do_
82 521
1
Group and mass-marketed ordinary
do
52,349
Industrial..
.
do
7 296
Premiums collected: t
Total life insurance premiums
do
Ordinary ...
_ _
do
Group and mass-marketed ordinary. _ do
Industrial
do
15 176
11 357
2 436
1 383
122 479
88, 399
27, 270
6, 810
10 095
7 698
1 835
562
14614
8 230
5 850
534
8 661
6 640
1 481
540
9 707
7' 019
2 140
548
12 310
8 606
3 084
620
16, 090
12, 063
2,660
1 367
1 303
' 982
222
99
1 667
1 145
281
241
1 346
1 038
201
107
1 283
964
226
93
1 460
1 115
244
101
1 331
1 014
218
99
13, 159
-36
42
7, 922
13, 159
-34
58
2 054
13, 157
-15
170
1 612
13, 107
-23
56
3 348
13, 107
12
285
1 494
1, 445. 0
1, 080. 8
114.6
63.1
90.8
8 7
87 7
96
89 5
87
87.8
89
114, 325
78, 378
1.293
7,105
5,878
1.293
4, 915
5 785
1. 293
14, 755
7 494
1 293
32,820
41, 984
45, 047
3,019
3,105
3,444
2,968
2,832
4,513
11 547
8,333
2,649
565
9 930
7,411
1,960
559
10 825
8 042
2,241
542
10, 351
7,484
2,325
542
11 815
8 659
2, 572
584
11, 446
8,658
2, 238
550
1 476
1 104
267
105
1 361
1 041
225
95
1 399
1, 054
241
104
1 405
1 050
257
98
1 315
990
231
93
1, 444
1,107
232
105
1 372
1,040
235
96
13, 109
—3
162
2 326
13, 109
3
63
2 239
13,110
-5
490
2,530
13, 006 12,905
1
-8
226
73
8,219
1, 771
12,908
-32
89 5
91
89 1
89
91 2
89
89.1
91
88.9
84
90 5
83
89.9
80
84.1
86
90.0
9 018
6 399
1.293
10 693
6 136
1 293
11 072
8 451
1*293
15, 149
8 159
1 296
19, 786
10 120
1 301
2,912
4 021
1. 593
1 722
8 520
1 750
4,094
5 839
1. 680
2,480
3 296
1 786
2,966
2,913
3,956
2, 504
3,245
3 927
3, 353
3,469
3 598
3,224
3, 114
4 151
4,020
2,304
3 280
3, 403
6,078
4 194
2,729
2,129
2,461
2,691
3,020
892
2,928
1, 366
1,235
644
45.0
45.4
46. 5
182.6
J-40.4
142 1
181.1
5.2
187.2
41 2
146 0
181 8
5.0
180 3
39 9
140 3
180 8
181 3
40.0
141 3
182 5
181 5
40 4
141 1
183 8
58.3
125 5
40.8
54 6
35 1
58.4
130 2
41. 2
55.7
34.8
4 618
4 058
10 820 11 974
i 836 8 478
2 407
2 876
577
620
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period) .... mil. $.. 13, 733
13, 159
-50
Net release from earmark§
__do— ._
-198
Exports
_ ___
thous. $ 1 285 097 457, 333
Imports..
__
_
_ do_ _ 101 669
42,004
Production, world total
mil. $_. 21,440.0
South Africa.
_ _ do.
1, 069. 4
Canada
do
125 6
United States___
_________
__do____
58.6
Silver:
Exports
thous. $_
54, 061
Imports _ • _ _ _
do
64 769
Price at New York
dol. per fine oz
1.293
Production:
Canada!
thous. fine oz.
31,917
Mexico
...do
40, 333
United States
do.
44 423
2
13, 108 13, 008
1
— 17
77
104
2,041
3 331
Currency in circulation (end of period) __.*.__bil. $..
42.1
44. 7
44. 2
44.7
43. 4
43.6
43.6
43.7
44.4
44. 7
44.9
45.1
Money supply and related data (avg.' of daily fig.) : t
Unadjusted for seas, variation:
Total money supply
__
'..bil. $__
Currency outside banks.. _ _
do_ _
Demand deposits
do
Time deposits adjusted^. _ _
_ _ _ do.
U.S. Government demand deposits..
,do
162.6
35.3
127. 3
137. 6
6.3
169.8
37.5
132. 3
s 154. 0
4.9
171.5
38.5
133.0
156.1
3.7
175.8
39.1
136 7
156. 9
3.4
175. 3
38.5
136 8
160.7
4.1
170.6
38.3
132 3
164 0
5.0
171.9
38.5
133 4
166. 7
4.9
173. 6
38.7
134 9
168 8
4.8
171, 1
38.9
132.2
170.8
6.5
174.3
39.3
135 1
173. 0
3.9
175.8
39.6
136 2
175.1
5.6
175.9
39 6
136 2
177 7
4.3
178.4 - 180.6
39.8
40 0
138 6
140 6
178.9
180 3
5.0
6.2
170.1
38.1
132 0
157.4
170 4
38 3
132 1
158 6
170 3
38.5
131 8
160 8
171 5
38 7
132 8
163 5
173 1
38.9
134 2
166 1
172 7
39 1
133 6
168 1
174 5
39.2
135 3
170 0
176 2
39.3
136 8
172 4
177 9
39.5
138 4
174 6
179 1
39 6
139 6
177 2
179 2
39 8
139 5
178 9
54.6
111.3
39. 6
52.5
33.9
56.9
121 8
40.0
53 2
34.2
57.2
124 7
39.4
50.9
34.8
55.6
119 4
39.4
52.6
34.2
54.8
117 2
39. 1
51.2
33.9
57.7
123 0
40. 8
54.2
35 1
54.8
115 2
39.2
52.0
33.9
56. 5
120 0
40.1
53.4
34.4
56.8
119 8
40.7
55 5
34 5
59.0
128 5
41. 1
56 6
34 6
57.4
120 6
40.8
55.4
35.1
Adjusted for seas, variation:
Total money supply _ _
Currency outside banks
Demand deposits
Time deposits adjusted!
do
do _
do
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted: t
Total (233 SMSA's) 9 -ratio of debits to deposits..
New York SMS A
do
Total 232 SMSA's (except N.Y.)— — — do...-.
6 other leading SMS A'sd"
do
226 other SMSA's .
do_ .
48. 3
99 6
35.3
44.9
31.3
52. 8
109.4
38.3
50.1
33.3
27, 521
1,896
694
30, 937
2, 102
702
7,933
528
166
6,748
451
105
7,596
506
124
6,718
584
140
338
<753
3,188
4, 442
761
970
1,401
345
911
3, 474
5, 055
799
1, 298
1,487
54
240
823
1,373
173
350
370
451
191
786
1,341
67
325
296
82
205
849
1 344
194
311
296
102
190
767
1 335
216
192
227
1,151
2, 499
1,926
1, 395
3, 058
2,379
318
748
617
321
674
527
368
840
564
305
687
540
721
3,496
3, 285
821
3,053
4, 058
197
870
1,107
162
620
831
199
831
883
199
193
1 041
11,979
12, 958
3,745
3,185
3 266
3 079
2 586
2 764
673
799
666
717
r
1 953
11, 982
2 066
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes, all industries
mil. $__
Food and kindred products..
_ do
Textile mill products
do. _
Lumber and wood products (except furniture)
mil. $
Paper and allied products. _
_do
Chemicals and allied products.
do_
Petroleum refining
... do .
Stone, clay, and glass products.
.do. _ _
Primary nonferrous metaL.
_ do.
Primary iron and steel..
_
do
Fabricated metal products (except ordnance,
machinery, and transport, equip.)
mil. $_.
Machinery (except electrical)
do...
E lee. machinery, equip., and supplies
do
Transportation equipment (except motor
vehicles, etc.)
mil $
Motor vehicles and equipment...
___do.__
All other manufacturing industries.
do
Dividends paid (cash) , all industries
do
Electric utilities, profits after taxes (Federal Reserve)|_.
_ _
mil $
Transportation and communications (see pp. S-23
and S-24).
4
4
SECURITIES ISSUED
Securities and Exchange Commission:
6, 686
Estimated gross proceeds, total
mil. $
45, 015
5,091
3, 277
40, 108
By type of security:
6,574
Bonds and notes, total . .
do
42, 501
37 836
5 000
3 151
1,004
Corporate
do
15, 561
1,593
13, 720
1, 535
61
Common stock
.. __do
1, 939
40
106
1.547
574
Preferred stock
_______
do.___
50
725
20
51
r
3
Revised.
i Includes $27.8 bil, coverage on U.S. Armed Forces.
Estimated; excludes
U.S.S.R., other Eastern European countries, China Mainland, and North Korea.
3 Beginning June 1966, data exclude balances accumulated for payment of personal loans
(amounting to $1,140 million for week ending June 15). * Beginning with the period
noted, data reflect reclassification of companies between industries and are not strictly
comparable with those for earlier periods.
t Revisions will be shown later as follows: Insurance written, 1964-Jan. 1966; premiums
7, 523
5,253
4, 229
4 002
5 373
4,376
10 625
4 218
5 110 3 991 3 844
7 367
3 752
5 043 4 162 10 376
4 004
4 148
1,262
2,219
1, 778
2 231
1 361 2 343 2 376
1 549 1 948 1 188
119
139
94
130
239
225
111
144
313
173
17
24
144
47
17
84
105
41
231
81
collected, Jan.-Aug. 1964, Jan.-July 1965, and Jan.-July 1966; silver production (Canada),
1964; electric utilities, 1965. Revisions for money supply and related data for 1959-June 1966,
appear in the Aug. 1967 Federal Reserve Bulletin. § Or increase in earmarked gold (—).
If Time deposits at all commercial banks other than those due to domestic commercial banks
and the U.S. Govt. t Revised series. 9 Total SMSA's include some cities and counties
not designated as SMSA's. cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los Angeles-Long Beach.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1965
1966
Annual
Nov.
January 1968
1967
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
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
15, 992
5, 417
342
2 Q36
J
284
947
4.276
18,074
7, 070
375
3,665
339
2,003
1,941
1,115
233
25
335
10
170
108
1,661
682
17
414
15
154
42
1,684
649
27
222
51
296
267
1,418
570
15
279
20
106
248
2, 362
1,283
35
510
42
147
92
2,015
1,153
29
401
12
109
143
1,518
598
30
426
27
92
102
2, 674
1,334
40
477
33
354
149
2,590
963
27
476
35
40
417
2,481
1,263
16
536
24
359
122
1,763
654
16
269
20
202
' 187
2,417
942
61
647
.
7
134
387
1,494
537
25
410
0
71
184
do_ _
do
do
24, 116
9,348
11. 148
26, 941
8,231
11, 089
5,570
3,738
950
1,616
373
923
3,407
494
1,450
6,105
4,154
1,159
2,891
459
1,437
2,213
393
1,129
2,483
438
1,209
2,700
410
1,461
1,786
415
925
8,145
6,458
840
2,455
362
1,273
2,200
422
991
2,564
do
15. 801
17, 841
1,098
1,643
1,669
1,400
2,334
1,985
1,493
2,631
2,546
2,440
1,733
2,375
1,463
_ do.
do
do
do
_ _ do_ _ _
13, 063
7, 712
5,352
996
1, 741
15,806
12, 430
3,376
241
1,795
1,033
839
194
12
52
1,363
1,128
235
8
273
1, 522
1,135
388
21
125
1,375
918
457
1
24
2,178
1,755
423
17
139
1,891
1,352
539
12
82
1,418
1,082
336
19
,
56
2, 363
1,832
531
20
248
2,181
1,539
642
89
275
2,184
1,717
467
34
222
1,581
1,080
501
10
142
2,128
1,436
692
79
168
1, 296
885
411
3
164
11,084
6,537
11, 089
6, 524
950
989
923
458
1,450
454
1,159
756
1,437
634
1,129
1,197
1,209
951
1,461
531
925
286
840
752
1,273
603
991
764
r I, 320
mil. $
do
do
__do
1534
i 5, 543
i 1. 666
i 3. 706
1
1
1609
5, 387
1, 637
i 3, 712
607
5, 275
1,532
3,262
609
5,387
1,637
3, 712
673
5,375
1,914
3,187
685
5,445
1,936
713
5,803
2,135
701
5,896
2,078
673
5,966
2, 220
686
6,195
2,231
698
6,636
2,341
732
6,677
2, 281
720
6,943
2,401
776
»• 7, 212
2,513
791
7,349
2, 500
Prices:
Standard & Poor's Corporation:
Industrial, utility, and railroad (AA A issues) :
Composited^
dol per $100 bond
Domestic municipal (15 bonds)
___do
93. 9
110.6
86. 1
102.6
83.5
101.0
83.0
102.4
85.9
106.0
86.4
106.4
85.6
105. 8
85.4
104.9
83.4
101.1
81.7
100. 2
81.1
99.3
80.3
99.6
80.0
98.0
78.5
95.8
76.8
95.2
75.9
93.6
83. 76
78. 63
77.68
78. 73
81.54
80.73
80.96
80.24
77.48
76.37
76.39
75.38
75.04
73.01
70.53
71.22
3, 794. 22 4,261.12
3, 288. 68 3,740.48
312. 46
313. 01
366. 38
356. 22
446. 77
417. 53
409. 22
350. 65
478. 39
394.94
381. 00
333. 15
534. 32
451. 62
539. 46
464. 38
541.91
455. 80
529. 22
471. 09
494. 25
439.68
634. 15
559. 18
567. 12
536. 43
3, 643. 11 4,100.86
3,150. 16 3,589.62
293. 69
293.70
348.01
335.45
428. 29
400. 29
385. 34
330.33
451. 87
374. 71
349. 76
309. 72
484. 92
413. 73
463. 58
406. 43
468. 83
402. 31
466. 98
422. 84
438. 28
385. 75
553. 63
494. 43
496. 10
475. 48
New York Stock Exchange, exclusive of some
stopped sales, face value, total.
mil. $ 2,975.21 3,092.79
260. 68
285. 40
328. 21
258. 78
281.42
279. 94
329. 41
326. 62
358. 94
326.09
319.92
403. 06
382. 38
Noncorporate, total 9
TJ S Government
State and municipal
New corporate security issues:
Estimated net proceeds total
Proposed uses of proceeds:
New money, total
_
Plant and equipment
Working capital
Retirement of securities
Other purposes.. _ _
State and municipal issues (Bond Buyer) :
Long-term _
_
Short-term..
_ _ _ _ _ __ _ _ _
do.
do. _
391
1,320
r-767
1,046
322
SECURITY MARKETS
Brokers' Balances
(N. Y.S.E. Members Carrying Margin Accounts)
"Cash on hand and in banks
Customers' debit balances (net).
Customers' free credit balances (net)
Money borrowed
______
Bonds
U.S. Treasury bonds, taxable^
do
Sales:
Total, excl. U.S. Government bonds (SEC) :
All registered exchanges:
Market value. _
_
mil. $
Face value.
!_
__
_ _ do_
New York Stock Exchange:
Market value
do
Facevalue
_____
___•_ _
do
Yields:
Domestic corporate (Moody's)..
...percent..
By rating:
Aaa__.__ _ _
_
do
Aa
do
A
do
Baa__ .
do
By group:
Industrials.
do
Public utilities. __
do.
Railroads _ _
do
Domestic municipal:
Bond'Buyer (20 bonds)
do
Standard & Poor's Corp. (15 bonds).
do
360. 78
4.64
5.34
5.65
5.69
5.50
5.35
5.43
5.42
5.56
5.75
5.86
5.91
6.00
6.14
6.36
6. 51
4. 49
4.57
4.63
4. 87
5.13
5.23
5.35
5.67
5.35
5.46
5.65
6.13
5.39
5.48
5.69
6.18
5.20
5.30
5.53
5.97
5. 03
5.18
5.38
5.82
5.13
5.23
5.49
5.85
5.11
5.26
5.46
5.83
5.24
5.42
5. 60
5.96
5.44
5.63
5.77
6.15
5.58
5.72
5.88
6.26
5. 62
5.76
5.94
6.33
5. 65, '
5. 87
6.06
6.40
5.82
6.01
6.19
6.52
6.07
6.23
6.43
6.72
6.19
6.35
6.58
6.93
4.61
4.60
4. 72
5.30
5.36
5. 37
5.59
5.64
5.72
5.63
5.65
5.78
5.45
5.42
5.63
5.33
5. 25
5.48
5.39
5.37
5.51
5.37
5.37
5.51
5.46
5. 59
5.62
5.64
5.80
5.80
5.79
5.91
5.88
5.84
5.96
5.94
5.93
6.02
6.03
6.05,
6.12
6.24
6.28
6.39
6.42
6.39
6.57
6.63
3. 28
3.27
3.83
3.82
4.02
3.93
3.77
3.83
3.40
3.58
3. 60
3.56
3.54
3.60
3.69
3.66
3.96
3.92
4.06
3.99
3.91
4.05
4.06
4.03
4.19
4.15
4.27
4.31
4.42
4.36
4.44
4.49
_.do____
4. 21
4.66
4,74
4.65
4.40
4.47
4.45
4.51
4.76
4.86
4.86
4.95
4.99
5.18
5.44
5.36
Dividend rates, prices, and yields, common stocks
(Moody's):
Dividends per share, annual rate, composite
dollars __
Industrials
.do
Public utilities,
_ _ . do.
Railroads
do
N.Y. banks
.
do
Fire insurance companies __ _
_ _ do
7.65
8.48
3.86
4.09
4.90
6.33
8.25
9.17
4.11
4.45
5.06
6.85
8.22
9.07
4.15
4.61
5.14
7.42
8.23
9.08
4.18
4.61
5.14
7.53
8.29
9.15
4.18
4.63
5.22
7.53
8.30
9.16
4.20
4.63
5.28
7.81
8.32
9.17
4.27
4.63
5.28
7.81
8.33
9.18
4.27
4.63
5.28
7.81
8.19
8.95
4.32
4.63
5.28
7.81
8.20
8.95
4.38
4.63
5.29
7.81
8.21
8.96
4.39
4.65
5.29
7.81
8.21
8.96
4.39
4.65
5.30
7.81
8.22
8.96
4.39
4.65
5.48
7.81
8.23
9.00
4.40
4.58
5.48
7.81
8.28
8.92
4.41
4.55
5.48
8.09
8.30
8.95
4.44
4.55
5.57
7.95
250. 31
284. 32
117. 08
95.06
230. 88
266. 77
102.90
92.65
218. 34
248. 93
103. 47
83.25
217.56
246. 38
105. 99
82. 91
233. 54
266. 77
108.12
93.13
233.23
267.35
105. 18
92.56
242. 02
278. 90
106. 81
93.52
251.52
293.28
108. 90
93.60
238.37
277.83
102. 58
94. 89
242. 22
282. 15
100. 73
97.92
252., 69
298. 94
103. 04
105. 56
249. 02
295.09
99. 63
104. 99
257. 40
307. 35
99.76
101. 22
251.90
302. 88
93.63
91. 88
250.32
300. 84
95.92
90.80
256. 30
309. 19
98.19
90.86
3.19
2.92
4.40
4.59
3.77
3.57
3.27
2.97
4.70
4.98
3.89
3.85
U.S. Treasury bonds, taxableO.
Stocks
Price per share, end of mo., composite
_.do
Industrials...
_.
_ do
Public utilities
do
Railroads. _ _ _
do
3.06
Yields, composite
...
.percent. _
3.76
3.57
3.78
Industrials
_ _
do
2.98
3.64
3.44
3.69
Public utilities _.
do
3.30
4.01
3.94
3.99
Railroads
do
4.30
5.54
4.80
5.56
N.Y. banks., .
do
3.33
3.90
4.04
3.80
2. 74
Fire insurance companies. _ _ _ _ _ _ _ _ _•._ _ _ _ ... do. _ _ _
2.92
2.92
2.92
r
l
Revised.
End of year.
9 Includes data no fc shown sparately.
s
cfNumber of bonds represented fluctuates; the ch ange in tr e numbei* does not affect t he
continuity of the series.
3.55
3.43
3.87
4.97
3.79
2.93
3.39
3.31
3.44
3.25
3.17
3.13
3.22
3.00
4.35
3.92
4.21
4.26
4.73
4.88
4,41
4.95
3.98
3.83
3.96
3.68
3.43
3.51
3.31
3.53
IPr] ces are d erived fr om avera ge yields on basis of
OF 3r bonds due or ca liable in 10 years or more.
3. 56
3.43
3.99
5.00
3.94
3.17
3.44
3.29
4.00
4.95
3.84
3.28
3.24
3.31
2.89
2.97
4.52
4.60
5.01
5.01
4.06
4.06
4.02
3.78
an ass umed 3 percent 2 0-year be nd.
3.30
3.04
4.41
4.43
3.69
3.54
January 1968
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1965
S-21
1966
Annual
Nov.
1967
Dec.
Jan.
Feb.
Mar.
Apr.
May
July
June
Aug.
Sept.
Oct.
Nov.
Dec.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Earnings, common stocks (Moody 's):
Earnings per share (indust., qtrly. at arm. rate;
pub. utIL and RR., for 12 mo. ending each qtr.) •
Industrials}:
dollars
Public utilities
_.
do
Railroads
:._____
do
16. 42
5 92
8.16
16. 78
6 30
9 34
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)
percent--
4.33
4.97
318. 50
910. 88
157. 88
216. 41
308 70
873. 60
136 56
227 35
Prices:
Dow-Jones averages (65 stocks). _
Industrial (30 stocks)
Public utility (15 stocks).
Railroad (20 stocks).
Standard & Poor's Corporation: cf
Industrial, public utility , and railroad:
Combined index (500 stocks). _ _ .1941-43= 10. _
Industrial, total (425 stocks) 9 _
do
Capital goods (122 stocks). _ _ _ _ _
do___.
Consumers' goods (181 stocks) ... do
Public utility (55 stocks)
do
Railroad (20 stocks)
do
Banks:
New York City (10 stocks)...
. do
Outside New York City (16 stocks)
do
Fire and casualty insurance (20 stocks)... do
New York Stock Exchange common stock indexes:*
Composite
_
12/31/65=50__
Industrial
do
Transportation
do
Utility
.
do
Finance....
do
Sales (Securities and Exchange Commission) :
Total on all registered exchanges:
Market value
mil $
Shares sold _
millions
On New York Stock Exchange:
Market value..
mil $
Shares sold (cleared or settled)
millions
Exclusive of odd-lot and stopped stock sales
(N.Y.S.E.; sales effected)..-.. .millions..
Shares listed, N.Y. Stock Exch., end of period:
Market value, all listed shares... _ _ _ . _ _ , bil. $
Number of shares listed.
millions
18 08
6 30
9 34
5.21
285
806
136
201
23
55
43
94
5.24
285
800
135
205
52
86
68
78
16.07
6.42
8.30
14 70
6 37
8 85
5.07
298
830
138
220
28
56
64
11
4.98
305
851
138
228
65
12
03
69
5.04
307
858
135
231
70
11
96
98
5.03
309
868
139
228
45
66
29
77
5.30
5.17
315
883
137
238
57
74
15
27
13.50
6.53
5.34
318. 12
872. 66
131 92
253. 90
327
888
132
267
23
51
72
65
5.35
329
912
132
262
62
46
43
85
5.41
5.59
5.79
5.95
330 87
923. 45
131 33
261. 79
321. 30
907. 54
126 08
250. 55
303. 88
865. 43
123. 05
230. 74
309. 78
887. 20
125. 19
233. 20
88. 17
85.26
80.99
81.33
84.45
87.36
89.42
90.96
92.59
91.43
93.01
94.49
95. 81
95.66
92.66
95.30
93.48
85.2681.94
76.08
46.78
91.08
84.86
74.10
68.21
46 34
86. 10
77.89
68.25
68.82
41.57
86 50
79.83
67.76
68.86
41 44
89 88
82.70
69.97
70.63
44 48
93.35
86.72
73.78
70.45
46 13
95.86
90.08
75.10
70.03
46 78
97.54
92.37
77.53
71.70
45 80
99.59
95.10
79.13
70.70
47 00
98.61
96.34
78.94
67.39
48.19
100.38
98.35
81.27
67.77
49 91
102. 11
101. 01
83.88
68.03
50 43
103. 84
104. 17
84.62
67.45
49.27
104. 16
106.64
83.60
64.93
46.28
100. 90
103. 58
80.47
63.48
42.95
103. 91
106. 41
81.92
64.61
43.46
38.92
71.35
64. 17
33.32
63.80
64.55
34.34
65. 05
68.62
35.93
67.03
70.50
37.08
69. 90
70.03
35.62
67.09
68.99
35. 32
66.00
65.86
36.01
66.56
64.86
35. 43
65.81
62.60
35.35
63.97
61.34
36.76
65.95
62.56
37.89
67.34
58.95
38.39
67.99
60.84
37.83
67. 43
58.66
35.65
64.60
55.84
35.52
64.83
56.99
47.39
46. 15
46.18
50.26
45 41
44. 45
43.73
43.28
45.82
45 16
43. 16
44.16
43 79
48 23
44 77
44 43
46.02
45.61
51.38
46 43
47.53
47. 80
47 72
52.56
47 03
48 71
49.02
49 02
55 19
47 88
48 17
49.92
50 19
54 60
48 07
48 37
51.00
51 78
55 76
47 20
48 17
50.54
51. 55
54.97
45.95
47. 51
51.67
53 13
57.30
44 87
49 85
52.46
54 20
56.80
44 69
51 24
53.23
55 28
54.89
44 57
52 98
53.13
55. 62
51.56
43 33
52.69
51.40
53. 79
48.43
42.39
50.19
53.06
55.80
48.73
42. 75
52.37
89 225
2 587
123 034
3 188
8 102
9 538
11 653
11 777
14 411
13 891
14 478
397
13 319
323
374
14 023
320
11 181
14 515
266
73, 200
1 809
98 565
2 205
6, 638
7 662
1,556
1, 899
146
537. 48
10, 058
482. 54
10, 939
480. 88
10, 886
219
162
13 092
14 499
393
392
369
409
381
10, 801
10 114
10 920
11, 006
241
228
249
11, 193
251
9,964
219
213
217
208
205
225
212
230
546. 65
11 199
559. 50
11 277
586.41
11 326
581. 99
11,374
600. 94
11, 433
583. 13
11, 484
586. 17
11, 568
605.82
11, 622
316
418
9 320
8 792
11 465
9 232
11 335
206
257
166
208
183
225,
188
482. 54
10, 939
522. 75
10 989
527. 04
11, 046
549. 49
11 073
572. 64
11 114
189
224
216
268
243
242
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value
Exports (mdse.) , incl. reexports, totalQ
Excl. Dept. of Defense shipments
Seasonally adjusted
mil $
do
27,478 2
26 699 5
30319 6
29379 2
do
X
2 587 4 2 560. 7 2, 63 A. 6 2, 383. 0 2,671.6
0
7
9
0
89 8
584 1
73 3
811 5
90 3
594. 1
74. 5
811.6
70 3
570 4
82. 9
789.8
88.6
617.4
, 79.5
961.3
641 5
203 5
191 8
531 2
190 1
192 1
533 0
191.7
204 3
590.9
198. 3
190.0
600. 3
201.9
169.6
634.3
208.5
207.4
10 8
32 0
4 9
36 0
18
35 4
34
38 2
59
29.2
15
25.7
32.1
65
84
14
3
64
83
25
3
66
69
23
4
63
94
14
3
66
65
47
3
73
74
29
4
114
602
72
854
597.8
198. 5
203. 5
583.7
205.6
247.5
539 1
191.9
199 8
537 7
177.6
186 9
638 6
205. 1
207 9
625 9
193 8
203 7
684 6
200 8
188 2
189 1
401 0
13 0
33 4
12 3
34 9
7 2
50 5
78
34 4
75
43 2
11 3
40 7
3
0
9
1
654 2
929 3
238*7
* 45 6
63 7
53 0
25 3
50
78
27
3
3
3
1
9
66 2
100 4
32 8
70
84
30
5
68
82
44
4
68
80
25
3
do
do
do
41 6
348 5
2 080 2
67 6
347 8
2 363 6
7 9
28 1
231. 5
10 8
38 6
234 0
6 7
33 8
207 1
4 4
31 0
218 2
10 3
35 9
228 1
5 3
36 8
225 9
46
35 7
221 5
2 3
40 3
210 6
37
41 9
220 1
32
32 6
217 2
do
do
do
970 7
12 4
1 649 6
1 007 0 80.9
1. 1
25 2
141.8
1 673 6
87.2
16
124.1
86 4
87 6
16
128 5
108 6
4 7
179 0
92 5
5 9
163 1
95 5
35
151 3
101 2
21
121 1
73 5
15
130 1
67 9
71 6
6
78 3
78.6
Q
130.6
152 2
121 4
129.4
161.8
78 8
8 7
146.9
88 7
71
165. 1
77 7
3 4
173. 6
82 4
5 2
163. 5
81 1
6 0
162.2
76 7
2 7
141.0
69 1
2 3
167.0
73 2
58
192.7
72 2
6 1
147. 7
103.0
157 7
438 1
do
~do
do
do
799
928
335
91
r
r
34
35
2.0
Italy
.
do
77.9
76 7
908 8
76 7
891 1
45 2
66
Union of Soviet Socialist Republics
do
2 2
4 4
41 7
United Kingdom
do H 1.615.1 1. 737. 1 143.7 165.1 145*4
r
Revised.
* Preliminary.
,1 Beginning Jan. 1966, excludes data for Singapore.
^Revisions prior to Sept. 1965 will be shown later,
d"Number of . stocks represents
number currently used; the change in number does not affect continuity of the series.
9 Includes data not shown separately.
*New series; index is based on the closing prices
of the more than 1,250 common stocks listed on the Exchange.
OBeginning Jan. 1965, data
r
118 9
582*2
78 4
877 8
do
do
Europe:
France
_
East Germany.
West Germany
25834
115 3
608 6
76 7
892 8
6, 661. 2
2, 268. 3
2-, 499. 9
_
2 659.3 2 544 7
113 9
652 7
82 8
936 5
5 643 3
2, 099. 0
2 174.9
.
2 569 0
87 5
601 6
78 4
820 0
do
do
do
Indonesia
Philippines
Japan
_
2,600 9
119 3
611 5
75 4
812 6
Northern North America
Southern North America
South America
Asia; Australia and Oceania:
Australia, including New Guinea
India.. _
Pakistan. _
Malaysia
2 7169
2 666 5
122 1
639 4
75.8
842.2
1 228 9 1 348 5
6 012 1 6 733 3
805. 3
956.2
9 363.9 10 003.1
By leading countries: A
Africa:
United Arab Republic (Egypt)
Republic of South Africa
2 730 8 2 680 5 r2 428 0 2 487 8 2, 549. 7 2, 485. 2 2,797.0
2 686 i 2 617 1 r 2 376 9 2 396 9 2 504 6 2 440 0 2, 760. 8
2 835 9
2 797 3
119 6
570 8
72.6
r
864. 3
do
do
do
_ _
2 716 5 2 549 6 2 489 6
2 645 6 2 471 3 2 419 2
2 486 1 2 415 8 2 620 2
Asia
Australia and Oceania _ _ _ _ _ _ .
Europe
_ _
.
2,6270
2 571 9
1
4
7
0
0
8
7
2
2
7
2
5
5
5
3
1
0
9
5
4
1
7
0
2
86
561
77
792
5
4
3
0
6
5
4
2
9
7
6
3
3 4
34 1
229 5
1.1
9
7
7
4
63.4
75.9
24.6
58
37 6
216.7
11.1
34.7
258.5
.3
5.2
2.5
0
O
165.5
reflect adoption of revised export schedule; in some instances, because of regrouping of commodities and release of some "special category" items from the restricted list, data for commodities and countries are not comparable with those for earlier periods.
ABeginning
with the Jan. 1967 SURVEY, data for regions and countries (except India and Pakistan) are
restated to include "special category" shipments formerly excluded.
January 1968
SURVEY OF CURKENT BUSINESS
S-22
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Nov.
Annual
1967
1966
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
Exports (mdse.), incl. reexports— Continued
By leading countries— Continued
North and South America:
Canada
mil $
Latin American Republics total 9
Argentina
Brazil.^
Chile
Colombia
Cuba
Mexico
Venezuela
do
_ ...
_
Exports of U.S. merchandise, total Ot
Excluding military grant -aid
Agricultural products, total
Nonagricultural products, total
5,642. 8
3, 787. 7
6, 660. 8
4,230.9
597.8
350.0
583.7
399.8
539.0
537.6
638.5
625.8
684.5
641.4
531.1
532.9
590.8
600.2
634.3
347.6
319.4
360.7
351.3
336.5
346.4
339.2
348.2
335.6
320.4
358.6
19.8
53.5
23.6
17.3
40.9
21.2
18.3
38.3
20.9
22.6
35.4
19.0
16.1
50.6
19.9
20.9
54.3
20.6
15.7
44.0
18.8
16.1
33.5
19.6
20.2
56.5
22.8
16.8
0
105.4
44.4
13.4
0
101.2
55.6
16.7
0
103.6
48.6
22.3
0
105.5
45.7
15.2
0
99.2
51.0
14.6
0
99.1
49.1
17.1
0
101.2
52.5
19.2
0
106.3
47.7
15.3
0
109.0
50.5
do
do
do
267.5
347.9
237.4
244.1
575. 0
256. 0
26.7
42.1
19.2
37.5
63.6
24.8
19.0
42.8
21. 7
25.9
39.5
16.0
do
do
do
do
198. 5
(0
1,105.9
625. 6
287.1
0
1,180.0
598.0
22.2
0
98.4
46.6
23.4
0
103.4
49.9
19.2
0
102.8
49.0
23.1
0
90.8
43.0
do
do
do
do
By commodity
groups and principal commodities:111
Food and live animals 9
do
Meats and preparations (incl. poultry) _ . do
Grains and cereal preparations
do
W
27, 135. 3 29,883.9 2,593.4 2,690.2 2,516.6 2,459.5 2, 801. 1 2,680.9 2,697.8 2,648.7 '2,399.0 2, 449. 9 2, 518. 2 2,456.0 2,765.8
26, 356. 5 28,943.5 2,538.3 2,619.3 2, 438. 4 2,389.2 2,762.5 2,630.4 2,653.1 2, 585. 4 '2,347.9 2, 358. 9 2, 473. 1 '2,410.8 2,792.6
531.7
667.7
469.6 490.9
543.9
519.6
472.3
513. 6
552. 2
524.2
531.6
6, 228. 6 6, 884. 5
632.0
697.7
20, 906. 7 23,014.6 1,895.7 2, 057. 1 1, 985. 1 1,946.1 2, 248. 9 2, 156. 7 2, 154. 0 2, 129. 2 1,929.6 , 1,980.3 2,027.3 1,924.2 2,098.0
4,003.1
161.8
2, 636. 6
334.4
11.0
228.0
308.2
12.8
196.9
358.3
12.9
242. 5
327.8
11.6
212.1
333.3
13.3
208.9
335.9
12.4
214.0
322.4
10.8
214.8
316.2
12.6
210.8
332.9
334.9
14.9
12.4
222.4 '209.7
410.1
14.8
288.8
4, 566. 7
158. 9
3, 189. 3
394.4
17.0
269.0
623.7
74.7
78.5
39.6
41.3
47.6
59.2
54.2
46.4
40.4
50.2
69.5
56.8
70.5
3,072.2 ' 337. 7
432.2
59.7
759.9
124.7
421. 8
35.1
312.2
72.4
85.5
31.2
276.7
56.6
67.2
29.8
280.7
53.8
62.9
34.7
288. 2
47.9
54.2
47.3
263.0
34.2
65.3
41.7
291.7
48.7
61.1
47.3
275.3
35.7
58.1
44.6
236. 1
27.2
49.6
46.2
240.6
27.3
47.4
41.4
228.4
30.6
29.3
50.8
290.2
30.9
83.4
52.6
328.3
32.7
112.8
46.6
92.8
46.8
41.7
96.1
50.1
41.2
352.1
11.6
241.2
Beverages and tobacco
do
517.0
Crude materials inedible exc fuels 9
Cotton raw excl linters and waste
Soybeans, exc canned or prepared
Metal ores, concentrates and scrap
do
do
do
do
2, 855. 5
486.2
650.1
434.2
Mineral fuels lubricants etc 9
Coal and related products
Petroleum and products,
do
do
do
946. 5
494.3
417.6
977.5
493.3
435.6
'82.4
42.1
37.2
75.9
34.2
38.5
68.9
29.3
31.2
81.4
39. 1
36.9
76.4
33.3
38.0
84.4
42.0
38.6
93.3
48.3
40.1
94.5
48.6
40.4
113,7
38.5
70.9
120.7
46.0
69.6
109.1
40.1
61.9
Animal and vegetable oils fats waxes
do
471.6
356. 0
r'28. 0
32.6
21.4
32.2
33.4
29.2
32.1
38.9
29.9
22.7
26.2
24.7
27.9
244.9
270.7
45.3
42.6
29.2
Chemicals
Manufactured goods 9
Textiles
-__-.
Nonferrous base metals..
_.,
do
2, 401. 7
2,675.9
218.1
235.9
227.1
215.2
242.5
234.2
249.0
240.2
220. 7
232.7
235.3
218.6
do
_do
3, 256. 9
527.8
629.0
539.3
3,434.2
554.2
557.5
582.4
276.1
47.3
47. 8
35.1
294.8
50.6
54.8
40.0
289.9
48.0
57.1
47.1
285.6
42.1
52.8
49.5
325.5
47.4
54.5
61.5
309.3
44.9
50.2
55.9
293.7
45.6
48.1
45.7
298.6
42.0
45.6
61.0
256.8
37.2
42.1
46.2
285.5
41.1
40.6
30.6
267.7
43.8
41.3
32.2
256.4
44.8
40.0
27.7
959.6 1, 157. 2 1,116.9 1,115.5 1,088.1
do
Machinery and transport equipment, total
mil. $.. 10,147.1 11, 164. 3 '937.6 1, 050. 0 1,005.9
954.6
908.8 1,017.7
959.9 1,080.8
.Machinery, total 9
do.___ 6,702.1
Agricultural....
.do
634. 1
Metalworking
_. ..do
331.7
Construction, excav. and mining
do .
932.9
Electrical
do
1, 659. 7
7, 445. 9 '619.5
628. 5
44.9
337. 9
26.8
970.6
87.3
1,898.8
164.8
669.0
46.2
34.3
82.1
169.9
653. 7
53.9
28.2
82.4
165.6
643.0
57.7
25.9
86.5
166.0
741.9
69.6
30.0
96.4
188.6
726.3
64.1
32.9
95.8
185.6
740.0
71.9
28.9
97.3
182. 1
682.7
54.0
31.5
82.9
183.9
637.0
50.3
31.3
84.7
164.8
597.8
44.6
19.6
80.3
161.0
630.9
37.4
22.8
85.4
168.1
618.4
35.8
29.6
78.0
169.9
664.2
35.4
26.2
77.6
176.5
Transport equipment, total.
Motor vehicles and parts.
3,714.6
2,386.5
381.0
247.5
352.2
226.2
316.6
201.3
415.3
254. 1
390.6
241.0
375.4
243.5
405.5
235. 2
317.5
179.1
311.0
186.2
386.8
222.3
341.6
221.3
416.6
252.0
General imports, totalt _
By geographic regions:
Africa
_
Asia
Australia and Oceania .
Europe
do. _ 3,445.0
do_... 1, 975. 5
_.___do. . 21,365.6
_ __ _
do
do
do
do
Northern North America.
...
do
Southern North America
_.
.do. .
South America
do
By leading countries:
Africa:
United Arab Republic (Egypt)
do
Republic of South Africa
do
Asia; Australia and Oceania:
Australia, including New Guinea
do
India..
..
do
Pakistan
do
Malaysia
do
Indonesia _
do
Philippines
do
Japan
do
Europe:
France
do
East Germany Y
do
West Germany
do
Italy _
do
Union of Soviet Socialist Republics
do
United Kingdom..
_...do
North and South America:
Canada
do
Latin American Republics, total 9 _.___do
Argentina
Brazil
_
Chile
do
do
do
318.1
241.5
25,542.2 2,252.4 2,240.1 2, 261. 8 2, 003. 5 2,355.9 2,091.1 2, 222. 4 2, 277. 4 2, 127. 2 2,165.5 2, 111. 5 2,342.2 2, 435. 4
2,186.3 2,231.2 2, 295. 6 2,204.1 2,184.7 2, 224. 0 2, 118. 6 2, 228. 2 2, 235. 4 2,114.1 2,214.9 2,216.4 2,375.7
978.8
877.6
4,528.1 5, 276. 3
593.6
453. 1
6,292.2 7, 857. 1
69.8
471.9
43.2
752.2
79.8
405.2
42.1
702.1
84.6
460.2
47.4
702.7
94.7
359.9
41.2
628.0
95.6
463.5
44.9
729.8
78.4
421.4
46.7
608.5
76.9
441.5
33.4
661.5
68.5
439.8
57.6
692.1
54.5
57.4
488. 9
436.9
56.5
51.9
661.7 ' 630. 9
78.3
438.7
45.3
617.6
74.1
472.9
46.6
723.4
62.1
491.8
57.5
797.4
4,837.1
1, 741. 7
2,623.8
6, 131. 4
1, 912. 2
2, 785. 2
'536.5
'154.4
224.1
627.6
168.8
214.3
526.8
181.0
257.7
497.7
163.5
217.9
597.8
200.9
222.8
544.4
176.4
214.9
629.0
169.7
209.8
643.8
176.3
201.5
563.5
136.1
218.9
578.9
146.8
207.8
573.3
134.1
223. 5
637.2
150.1
237.0
644. 0
161.3
220. 8
16.1
225.9
17.6
249. 0
1. 2
19.4
.9
22.9
.7
15.0
.6
27.7
.9
21.9
.2
19.2
4.9
20.2
3.8
15.9
.2
11.5
.6
14.4
.1
23.9
.7
21.2
1.2
13.2
398.8
313.7
327.0
348. 1
44.8
67.8
2176.7
211.8
179. 0
165.2
397. 6
369.1
2,413.9 2, 962. 6
28.9
25.5
5.4
19.1
13.1
33.3
272.9
29.9
27.4
4.7
13.8
14.9
23.3
227.6
36.6
28.5
7.6
17.7
12.2
29.0
257.4
30.2
21.1
4.8
10.8
15.3
22.9
193.2
27.2
29.4
6.4
18.8
17.5
36.3
251.5
35.1
23.4
4.1
16.1
13.7
34.3
228.7
20.3
23.9
3.6
17.0
14.3
20.7
248.7
43.6
22.4
3.4
12.0
12.7
36.1
251.6
32.8
21.0
2.8
10.0
16.0
36.0
251.2
34.8
29.0
4.2
16.4
18.5
41.2
269.8
31.0
20.5
4.5
18.8
14.5
29.3
251. 6
32.4
26.1
2.9
17.5
15.2
28.6
280.2
48.3
27.2
3.9
21.8
14.7
23.6
294.6
697.9
8.2
1, 795. 6
743. 0
49.4
1,786.1
66.6
.8
175.9
73. 6
4.0
178.7
56.5
.4
163.5
66.2
4.1
165,5
58.3
2.1
172.2
57. 7
6.4
147.4
49.5
.4
142.8
61.9
1.9
133.7
57.9
.3
160.3
77.7
6.0
147.1
52.8
.2
131.7
66.1
2.4
123.5
54.5
.3
142.9
69.4
4.5
154.9
60.2
.3
166.1
70.4
2.5
139.3
60.7
.4
166.1
71.0
1.7
131.3
62.5
.3
142.0
77.3
'3.8
136.4
46.1
.3
156.0
59.2
3.2
130.5
58.2
.5
182.5
79.2
2.9
137.4
67.5
.3
205.9
82.9
2.7
158.6
615.3
6.5
1, 341. 4
619.7
42.6
1, 405. 2
4, 831. 9
6,124.9
536. 4
627.4
526.3
497.6
597.5
544.3
628.5
643.4
562. 5
578. 2
572.0
'637.0
643.5
3,674.8
3, 969. 9
324.9
317.8
365.9
319.8
344.6
331.7
317.8
304.9
304.4
296.8
298.6
317.1
319. 8
122.1
512. 4
209.4
148.8
599.7
229.1
13.1
46.7
21.3
12.3
42.4
14.8
14.8
52.1
14.7
10.4
36.0
25.8
13.5
43.2
11.4
9.6
38.4
15.5
11.2
37.9
18.6
10.6
41.0
16.2
10.0
54.4
11.8
11.2
54.4
9.4
12.3
53.1
17.9
13.6
60.3
9.5
12.3
57.1
16.0
Colombia
do
25.3
19.0
15.6
276. 7
244.8
0
Cuba
do
0
0
0
(')
Mexico
do
69.3
70.3
66.8
750.2
638.4
Venezuela
do. . 1.018.0 1. 002. 4
81.2
80.1
100. 7
'Revised.
"Preliminary.
1 Less than $50,000.
2 Beginning Jan. 1966, excludes data
for Singapore; such shipments amounted to $1.0 mil. in that month.
JRevisions for Jan.
1964-Nov. 1965 will be shown later.
9 Includes data not shown separately.
QSee
18.8
17.2
18.5
19.1
22.0
19.1
19.7
18.9
23.0
18.8
0
0
0
0
0
0
0
0
0
0
64.8
57.6
55.3
49.2
64.3
50.7
70.5
63.3
65.2
71.7
68.8
86.0
73.2
90.2
78.6
85.9
66.1
79.7
70.1
82.0
similar note on p. S-21.
*New Series. Comparable data prior to 1965 for the groups are
not available; data for individual commodities may be obtained from Bureau of Census
reports.
January 1968
SUEVEY OF CUERENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1966
1965
Annual
S-23
Nov.
1967
Dec.
Feb.
Jan.
Mar.
Apr.
June
May
July
Aug.
Sept.
Oct.
Nov.
Dec.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
General imports— Continued
By commodity groups and principal commodities:*
Agricultural products, total
...mil. $._ 4, 083. 6 4, 530. 5
Nonagricultural products, total. ...
do
17, 282. 0 21,011.7
Food and live animals 9
Cocoa or cacao beans
Coffee....
:__
Meats and preparations
Sugar
_.
. - _ _ _ _ .do
do
do
do
do
_ _ _
3, 459. 6
120. 5
1, 058. 5
426.5
442.5
329.9
356.9
357 8
369 1 378. 5
362 0
431 5 375 7
336 1 358 4 344 5
415 3 364 6
1,895.5 1 878 1 1 846 5 1 638.8 1 924 4 1 715 4 1 886 3 1 919 0 1 782 8 1,807 7 1, 781 .6 1,973.1 2, 057. 0
3, 947. 5
122 2
1 067.3
599.5
501 2
326.4
79
72 7
48.8
40 9
641 7
330 8
12 g
75 8
50 1
35 4
355
24
92
54
33
4
5
6
3
6
314 1
25 9
74 5
47 5
37 0
369 0
20 8
93 8
51 4
46 2
322 6
11 7
76 9
44 3
54 4
337
9
75
51
59
296 2
55
77 4
43 1
37 4
2
9
4
5
7
327 6
88
80 5
59 6
63 8
331 7
48
83 0
61 1
56 3
310. 3
47
71 8
57 7
56 0
347 0
67
90 6
61 4
42 3
335. 0
95
82 2
54.9
37 3
do
553 2
66 5
53 6
49 9
63 6
62 4
69 8
73 8
Crude materials, inedible, exc. fuels 9
do
Metal ores _.
do
Paper base stocks.
....
do
Textile fibers _ _ _ .
_ .do
Rubber
_ _
do
3, 046. 6
915.4
421.9
435.4
188 1
3 265. 6 270 1
1 019 8 102 9
449.3
37 5
436.3
25.6
180 9
15 3
251 0
79 4
38 9
26 9
12 9
254
75
37
29
17
0
3
6
6
3
210 8
61 2
33 3
24 9
14 1
254 5
62 8
39 8
32 0
21 2
226 3
62 7
32 4
25 2
13 6
250
92
35
23
14
7
6
0
5
3
282 2
117 0
35 8
24 9
96
224
79
30
23
9
0
7
7
0
Q
276 5
98 1
35 5
23 6
15 8
234
71
32
23
12
3
2
5
7
7
248 9
88 8
34*8
20 8
13 2
256.4
86 1
38 3
26.2
17 1
Mineral fuels, lubricants, etc_ __
Petroleum and products
do
do
2, 221. 5
2,092 5
2 262.0
2 127 1
181 5
170 1
182 5
173 0
226 7
212 7
186 7
172 3
211 8
197 2
193 8
179 1
194 7
181 1
176 9
163 7
165 3
153 5
158 3
147 4
169 9
154 3
185 4
174 4
167.8
152 6
do
do
116.5
768 8
146. 2
964 0
rgQ 7
12 8
13 1
74 7
14 2
82 4
14 8
80 0
11 3
90 2
8o
83 7
82
85 1
6 2
76 1
72
70' 7
91
82 9
89
69 6
10 2
73 i
12.8
87 8
do
do
do
do
do
5, 555. 4
1 234 7
789 6
1 266 8
800.4
6 353 9
1 305 0
889 5
1 551 7
908 5
581 9
140 2
77 9
147 4
67 2
513 5
99 2
75 4
133 5
69 3
522 1
101 6
72*8
128 9
80 9
471 7
98 2
64 6
122 6
60 4
531 9
114 4
71 4
129 7
76 7
490 8
105 6
68 9
122 3
69 8
551 7
122 4
79 3
127 1
69 8
493 2
110 8
69 9
105 0
60 4
513 2
116 9
70 8
100 9
69 3
536 1
106 7
68 5
139 8
60 5
549 8
115 4
76 7
137 1
65 7
628.0
145 6
71 6
167 6
70 8
do
2 947 8
4 827 6 r 449 o
547 8
484 4
434 7
537 2
430 4
497 1
515 8
473 6
418 5
413 1
505 3
518 6
do
do
do
1 746.2 2 618 4 r 262 2
63 5
135 3
17 2
639 6 1 015 9 r H2 4
261 9
16 8
107 3
242 0
16 3
85 9
232 5
14 3
87 5
286 1
19 8
103 7
234.1
17 5
80 7
254 4
16 2
86 0
249 8
17 7
87 5
251 6
15 9
89 1
258 9
18 0
104 2
224 0
16 0
94 1
253.8
17 1
107.3
275.6
17 6
118 8
1,201.5 2 209 3
810. 1 " 1, 617. 7
285 8
239 3
242 4
195 9
202 1
164 1
251 1
196 4
196. 2
151.1
242 8
192 8
266 1
218 2
222 0
179 6
159.6
115.2
189.1
157.7
251.5
219.8
242.9
211.7
16 892
1 450
16 368
1,507
16 829
1,454
22 810 19 429 21 092
1 484 1 396 1 450
18 996
1, 352
22 672
1 487
Beverages and tobacco
Animal and vegetable oils and fats.
Chemicals
Manufactured goods 9
Iron and steel
Newsprint
Nonferrous metals
Textiles.
. ._
Machinery and transport equipment
Machinery, total 9 _
Metalworking
Electrical
_
Transport equipment __
do
Automobiles and parts
. . do
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Quantity....
.
1957-59-100
Value
-__-__
.1
do
Unit value
__
do .
General imports: d"
Quantity. ...-_-._
do
Value
do
Unit value,
____
_
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports) :§
Shipping weight.
thous. sh. tons
Value
mil. $
General imports:
Shipping weight
thous. sh. tons
Value.........
mil. $
186.8
147.8
60 0
55 5
51 4
527
114
77
124
61
5
2
8
8
3
144
152
106
158
16S
106
167
180
107
179
192
108
191
203
106
153
152
99
180
182
101
191
193
101
100
99
171,730 4 4185 978
16, 927
18,520
255 754
14, 942
4
266 074
'* 17,319
16 012
1 652
14 120
1 637
38 3
51 8
39 9
\
I9 452
1 533
12 971
1 463
13 705
1 653
14 948
1,601
16 058
1 607
23 292 20 210 22 877 18 994 20 764 20 132 22 646
1 536 1 383 1 511 1 315 1 540 1 348 1 426
16 570
1 572
17 216
1 500
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers;
Financial operations (qtrly. total) :
Operating revenues, total 9
. _ _ _ _ _ _ ..mil. $_.
Transport, total 9
-_...
__ do
Passenger
_
_
do
Property
do
U.S. mail (excl. subsidy)
do
Operating expenses (incl. depreciation) do
Net income (after taxes)
do
Operating results:
Miles flown (revenue)
mil..
Express and freight ton-miles flown do
Mail ton-miles
flown
_,do
Passengers originated (revenue) .
I _' I . I dol " " "
Passenger-miles flown (revenue)
bil
Express Operations (qtrly.)
Transportation revenues
mil. $
Express privilege payments
"I". do.."
Local Transit Lines
Fares, average cash rate
Passengers carried (revenue)
cents
mil. .
3,306
3,278
2,933
218
74
2,886
223
3, 707
3, 672
3,261
242
91
3,250
240
941.0
921.6
219.6
71.4
49.2
1, 010. 9
1, 081. 7
282. 4
81.1
57.1
431.4
119.3
430.8
111.7
21.6
6,798
21.9
6,671
1,030
1 020
904
62
24
951
39
1,002
992
870
69
28
890
60
91.7
101.2
26.3
7.1
4.7
97.3
104.4
36.5
7.5
5.5
96.6
87.1
24.9
7.4
5.3
115.2
29.2
21.9
570
22.0
582
102.6
105.8
29.9
8.4
5.9
100.1
108. 8
28.2
8.0
5.5
105.2
114.4
29.4
7.9
5.4
101.2
«24.0
22.1
553
Motor Carriers (Intercity)
Carriers of property, class I (qtrlv. total)Number of reporting carriers21,148 '1,148
1,148
Operating revenues, total
mil $
7,120
7,849
2,054
Expenses, total
do
6,741
7,457
1,984
Freight carried (revenue)
mil. tons
433
462
119
•;Kevised.
p Preliminary.
i As compiled b y Air T ransport Assn. c f Amen ca.
3
- Number of carriers filing complete reports for the year.
For the 1 st quart 3r 1967, p ayments of $2.6 mil. were deferred until 2d quarter 1<567; for th e 3d quart er 1967, i3avment 3 Of.
$1.4 mil. have been deferred until the 4th qtr. 1967 4 Kevis ions for JEin. -July 1966 will be
shown later.
s Excludes excess baggage revenues.
9 Inclu des data n ot showri separately.
88.9
85.5
24.5
6.7
4.6
1,122
1,112
987
72
26
990
r
77
22.2
520
22.2
595
105.4
117.4
28.9
9.2
6.7
i 1,188
1 1, 056
1568
120
11,040
194
110.5
100.3
27.8
8.8
6.8
113.1
113.8
31.8
9.7
7.4
104.3
23. 7
108.8
29.0
22.2
561
22.3
593
22.4
553
109.4
113.4
33.5
8.3
6.0
3
22.8
494
23.0
525
23.1
546
23.1
580
23.1
560
1,233
1,899
1,851
116
*Ne w series replacing imports for consumption data formerly shown. Comparable
month ly data, beginning Jan. 1965, will be shown later.
c?B ^ginning Jan. 1965, indexes are based on general imports, instead of imports for consumpt ion as fo rmerly.
§Ex(jludes "s pecial category" shipments and all commodities exported under foreign-aid
progra ms as D apartment of Defense controlled cargo,
January 1968
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
1967
1966
Nov.
Dec .
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION— Continued
Motor Carriers (Intercity) — Continued
Freight carried, volume indexes, class I and II
(ATA):
Common and contract carriers of property
(qtrly.)- ...average same period, 1957-59=100*
Common carriers of general freight, seas, adj.*
1957-59=100Carriers of passengers, class I (qtrly.):§
Number of reporting carriers
Operating revenues, total. ._
_.__
mil. $._
Expenses, total
do
Passengers carried (revenue)
mil
Class I Railroads
Freight carloadings (AAE):
Total cars
thous
Coal
.
do
Coke
do
Forest products
do
Grain and grain products.
do
Livestock
do
Ore do
Merchandise, l.c.l
do
Miscellaneous. _
. __ __ __
do
Freight carloadings, seas. adj. Indexes (Fed. K.):
Total 1957-59=100
Coal .
.
do
Coke *.
do
Forest products
do
Gram and grain products
_ _do_ _ _
Livestock _
do
Ore ....
. . .
do
Merchandise, l.c.l
_ . __ .
do
Miscellaneous
do
Financial operations (qtrly.):
Operating revenues, total?
..mil. $ _
Freight
do
Passenger
__do
Operating expenses
.
do ..
Tax accruals and rents
do _ _
Net income (after taxes)
do
Operating results:
Ton-miles of freight (net), revenue and nonrevRevenue ton-miles*
do
Waterway Traffic
Panama Canal:
Total
thous. Ig. tons
In United States vessels
..
do
Travel
Hotels:
Average sale per occupied room
....dollars..
Kestaurant sales index. ..same mo. 1951= 100. _
Foreign travel:
Departures
... do
150. 9
161. 2
144.3
156.0
1156
610.3
516. 7
218.3
1156
641.0
545.8
223. 2
156
155.0
136 5
56.1
29,248
5,555
428
1,978
2,662
29,618
5,590
432
1,996
2,877
2,333 2 2, 624
443
2552
239
32
2
146
175
233
2252
2,049
438
29
148
201
2,054 2 2, 660
2528
434
234
29
2205
158
2249
193
2,221
458
28
155
170
125
1,956
459
16, 084
110
2,131
322
16, 159
14
155
24
1,285
2 10
2108
228
21,459
6
67
20
1,139
4
68
20
1,149
27
97
97
100
103
97
40
95
20
100
96
95
98
102
105
35
102
14
99
97
95
88
98
104
40
130
13
100
99
95
87
103
109
38
129
13
101
97
95
82
105
99
32
116
12
100
96
96
78
107
94
29
104
11
98
10,208
8, 836
553
7,850
1,396
962
815
10,655
9,281
544
8,117
1, 492
1,046
902
2,718
2,368
125
2,098
356
263
244
2,536
2,226
117
2,027
364
145
121
2,628
2,312
121
2,069
C
380
179
143
709.3
697.7
1. 266
17, 389
750.5
738.3
1.257
17, 095
189 7
186.1
1 272
3 880
180 0
177.2
1 256
3,567
186. 8
184.0
1. 257
3,793
350.2
356.6
2370.8
360.8
357.2 2 3 66. 2
78.927
9,080
83, 019
9,630
6,549
692
6,744
750
7,013
815
6,929
670
7,909
819
7,136
702
7, 778
943
7,841
767
8,378
810
7,843
638
7,179
763
7,874
791
7,396
626
9.71
62
112
10.03
62
115
10.41
60
108
9.35
49
118
10.03
59
106
10.22
62
114
9.79
64
122
10.98
67
123
10.41
64
128
11.06
63
123
9.93
55
109
11.12
63
112
10.97
64
120
11.40
68
112
11.24
59
110
3, 351
3,341
2,093
1,819
1,330
36,509
3, 881
3,759
2,413
2,040
1,548
38,490
251
217
181
157
71
1,329
236
248
177
183
67
851
273
258
185
133
100
932
254
275
149
123
111
941
322
325
191
154
188
1,380
308
328
206
157
197
1,711
'352
365
223
190
224
2, 417
402
537
236
217
219
5,674
455
565
319
247
165
8,814
144
8, 595
100
3,892
83
2, 725
79
1,534
Departures
_
do _ _ .
Passports issued and renewed
do
National parks, visits
__ _ __do _ _
Pullman Co. (qtrly.):
2,014
Passenger-miles (revenue)
__'
__mil__
34.55
Passenger revenues...
.mil. $._
COMMUNICATION (QTRLY.)
Telephone carriers:
Operating revenues 9
-mil. $_ . 11,750
6, 272
Station revenues
do
4, 188
Tolls, message
__ _
do____
7, 076
Operating expense? (before taxes)
_ __do___.
2,091
Net operating income.. .
.do
81.5
Phones in service, end of period. _
...mil.Telegraph carriers:
Domestic:
305.6
Operating revenues
__mil. $_.
Operating expenses, incl. depreciation. ... do. __. 267.4
23.8
Net operating revenues
.._.
.do
International: c?
112. 2
Operating revenues
.
__do
87.0
Operating expenses incl depreciation
do
21. 0
Net operating revenues...
..do _.
155.5
153. 6
155.7
143.7
148.6
145.5
146.4
150.7
2,282 22,728
2511
459
234
29
2192
158
2216
161
1,968
357
24
144
196
2,221
448
26
164
212
2 2, 777
2540
234
2
201
2218
2,345
438
28
161
206
2,206
428
30
152
207
2 2, 538
2504
240
2175
2229
5
197
20
1,253
25
2268
225
2 1, 476
4
198
17
1, 029
5
194
17
1,155
211
2 1, 532
14
161
19
1,319
11
132
18
1,228
28
2112
225
2 1, 520
5
121
21
1, 263
96
97
74
109
100
30
96
11
98
96
104
80
103
88
24
116
11
98
93
102
87
102
85
23
92
11
95
89
97
85
99
80
25
83
11
92
85
97
84
99
74
26
78
10
87
90
95
86
100
94
24
75
9
92
90
89
82
104
87
27
74
9
94
89
87
80
102
88
27
73
9
93
93
91
86
102
93
33
114
10
95
150.2
134.3
141.6
291
147. 3
162
162.8
145. 3
55.8
162
137 8
133 3
52 5
2221
221
397
6.91
403
358
611
385
6.47
12,904
6,699
4,761
7,713
2,317
86.0
3,330
1,717
1,237
2,038
580
86.0
3,356
1,732
1,245
2, 040
584
87.0
3,445
1,764
1,291
2,067
618
87.8
3,477
1,773
1,303
2,059
643
89.0
319.3
275.5
24.9
81.7
69. 7
7.5
81.5
85.3
4.3
7.0
83.5
74 0
4.6
121.4
90.4
27. 1
31.4
23 8
31.2
23.9
33.1
24.8
33.3
25.4
6.6
6.3
70 A
7.1
220
21,450
96
86
92
9297
30
134
10
101
2,529
2,217
131
2,038
363
128
1,969
33.80
r
Revised.
* Preliminary.
1 Number of carriers
filing complete reports for the year.
3
Data cover 5 weeks; other
periods, 4 weeks.
Preliminary estimate by Association of
c
American Railroads.
Corrected.
* New series. The monthly motor carrier index (ATA) is based on a sample of carriers
that represents approximately one-third of the class I and II common carriers of general
freight; monthly data back to 1955 are shown on p. 40 of the July 1966 SURVEY. Railroad
revenue ton-miles are compiled by Interstate Commerce Commission.
2
154.0
155.8
154.9
155.7
8,267
716
75
922
6.8
§Effective 1st qtr. 1965, carriers reporting both intercity and local and suburban schedules
jre classified as intercity if intercity revenues equal or exceed 50 percent of revenues from
both operations.
9 Includes data not shown separately.
.
(^Comparability of data between periods shown has been affected by organizational
changes: certain operations reported prior to 1965, and others reported through mid-1965,
are no longer covered.
SURVEY OF CURRENT BUSINESS
January 1968
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1965
Annual
S-25
1967
1966
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
CHEMICALS AND ALLIED PRODUCTS
!
CHEMICALS
Inorganic chemicals, production:
Acetylene
mil. cu. ft
Ammonia, synthetic anhydrous (commercial)
thous sh tons
Carbon dioxide liquid, gas, and solid
do
Chlorine, gas (100% Cl_)
do _
Hydrochloric acid (100% HC1)
do
Nitric acid (100% HNOs)
do
Oxygen (high purity)
mil. cu. ft.
Phosphoric acid (100% p£0s)
thous sh tons
Sodium carbonate (soda ash) , synthetic (58%
NagO)
thous. sh. tons
Sodium bichromate and chromate
do_ Sodium hydroxide (100% NaOH)
do
Sodium silicate (soluble silicate glass), anhydrous
thous. sh. tons
Sodium sulfates (anhydrous, refined; Glauber's
salt; crude saltcake)
thous. sh tons
Sulfuric acid (100% HsSOi)
.
. d o
Organic chemicals, production :cf
Acetic anhydride
Acetylsalicylic acid (aspirin)
Creosote oil
_
16, 745
16, 839
8, 710. 9 10,661.1
1, 077. 7 1,298.2
6, 478. 7 6,946.0
1,368.1 1 1, 504. 8
4, 889. 7 5, 333. 0
182, 031 1214, 853
3 904.6 4, 531. 2
4, 928. 0
141.0
6, 796. 4
1 409 1,467
994 9
91.6
633.1
133 6
531.8
18, 333
406 7
1,029
1, 162
1,146
1,235
928 7 1 032 2 291 4 1 072 8 1 002 0 967.6
92 9
112.9
109. 8
84.7
93.9
103 6
624. 1
847.2
648.1
613 0
646 7
589.0
126 7
138 8
133 2
125 9
120 8
134 2
544.3 531 9
521 3
446 3
515 4
457 5
17 072 18,899 17, 617 18 557 17 397 17, 656
424 8
410 6
353 6
345 0
408 4
404 9
950.7
115.3
619.3
127 6
493.4
18, 932
357 9
7
925. 9
r
104. 5
r
621.
8
r
1, 026. 5
103.4
652.6
138.2
532.0
19, 255
414 7
1,234
1 225
1 280
1 220
1,069
5, 073. 2
138.9
7, 342. 0
408.2
9.3
634.1
424 4
91
657 2
391.2
11.5
656 9
359 g
11 8
596 0
429.4
11.6
6600
408 7
11.2
642 9
404 0
10 1
673 0
421 7
10 7
643 5
609.1
52.8
51 1
47.9
48 3
53.6
45.1
43 6
55 3
587.8
1, 407. 9
24,850.7
1,399
911. 4 1,049 6
96.2
106.9
599.6
615.2
129. 5
135 4
497.5
512 5
18, 584 18 343
374.3 391 6
112.8
1, 427. 4
121 7
115 2
114 0
117 0
122 4
109 6
106 1
28,477.3 2,462.5 2568 4 2 3561 9 330 3 2,480.8 2,460.1 2 426 0 2 196 2
398 1
97
662 3
402. 4
11.1
643 1
50 7
50.6
133. 5
504 8
660
3676
r
!8
r
407.4
11.2
678 8
378.0
10.3
r 644 o
r
525
53.3
113 7 r 121 1
120 6
102 2
2 115 3 2 259 6 T2 172 1 2 367 8
mil. Ib H,531.7 i 1, 600. 9
34.1
29.0
do. _
12123.6 •i 112.7
mil. gal
137.0
2.7
9.6
137 3
3.4
10 0
129 8
2.9
99
114 7
2 2
72
108.4
2.9
10,6
129.7
2.9
11 4
135 0
2*5
91
135 8
17
95
140 1
2 2
92
131 8
2.2
99
127 0
28
99
131 5
33
9o
141.5
i 140. 8
i 114. 0 1 121. 6
13,106.6 * 3, 627. 1
10.3
12.8
309. 6
10 9
12 1
308 3
99
10 9
300 9
10 1
83
289 8
97
10.7
321.8
94
12 4
308 9
97
12 8
319 5
70
14 2
2Q5 4
96
10 1
281 2
10 5
11 2
299 0
57
94
289 8
44
87
309 8
353.2
24.7
1433.3
i 608. 3
365.6
26.0
485. 6
i 674. 8
35.2
24.3
42.8
59.9
30 8
26 0
48.1
58 7
30 9
27 5
42.2
58 3
26
27
41
53
5
3
0
6
30.9
27.0
44.5
57.6
31 0
27 2
39 6
59 8
33 3
27 7
45 9
60 4
28
29
45
55
1
4
7
0
26
27
41
52
8
9
9
8
24 8
22 3
44.9
61 0
25
21
39
65
7
4
5
1
r
324
r
710.1
200.5
589. 5
70.0
659.6
204.0
570.0
74.7
59.6
199.0
47.7
6.8
59.4
204.0
48.0
52
57.0
203 1
56 6
51
49 1
205 1
41 9
50
56.3
204.1
51.6
67
63
214
49
7
57
216
45
6
2
0
6
8
54 1
221 9
48 5
53
55.2
221 8
49 7
65
57 4
218 6
43 3
71
62.3
219 5
44 1
84
315.9
315.2
5.4
307.3
310. 0
3.5
25.8
26.5
3.2
25 9
26.2
3.5
30 4
30.7
32
22 6
22 8
28
27 9
26.8
38
52 6
209 5
39 8
6 5
91 5
21.8
36
26 5
26 1
40
24 5
25 0
36
26 1
25 7
40
26 8
26 8
41
23 3
23 1
4 4
23 7
24 0
41
thous. sh. tons.. 310,810
3
do
1. 196
3
do
8, 104
do
3 1, 053
14, 219
2,303
10, 018
1,000
1,497
443
864
58
1,432
216
1,019
94
1,273
116
979
.36
1,128
118
854
108
1,166
137
922
83
1,171
40
943
77
1,311
153
947
87
1,360
95
959
76
1,111
68
855
53
1,354
111
940
98
1,194
218
773
109
1,501
334
963
115
1, 343
128
943
71
177
181
1,780
398
154
160
2,382
321
14
20
228
13
12
12
175
35
11
20
221
9
q
29
213
30
19
32
244
22
28
19
308
22
21
5
207
21
12
3
154
39
10
2
121
24
10
15
264
16
12
g
293
5
16
13
170
2
17
13
328
18
3,342
3,991
282
286
351
296
504
611
319
217
145
298
380
3,834
469
4,431
624
370
612
395
624
403
602
406
637
439
623
415
529
385
567
346
627
287
700
325
713
401
597
395
649
DDT
Ethyl acetate (85%) .
Formaldehyde (37% HCHO)
_.
Glycerin, refined, all grades:
Production
Stocks, end of period. _
Methanol, synthetic and natural
Phthalic anhydride..
-
_
mil Ib
do
do
do
do. _
..mil. gal_.
mil. Ib
1
250
41.9
63 0
33.4
30.3
ALCOHOL
Ethyl alcohol and spirits:
Production
mil. tax gal.
Stocks, end of period,. _ _ _ _
do
Used for denaturation__ _ _ _ _
do
Taxable withdrawals
do
Denatured alcohol:
Production
mil wine gal
Consumption (withdrawals)
_ . _ _ do___
Stocks, end of period.. ...
do
4
4
2
o
FERTILIZERS
Exports, total 9
Nitrogenous materials
Phosphate materials __
Potash materials _
Imports:
Ammonium nitrate
Ammonium sulfate
Potassium chloride
Sodium nitrate
_
do
do
do
do
Potash deliveries (K.O)
do
Superphosphate and other phosphatic fertilizers
(100%P205):
Production
thous. sh. tons.
Stocks, end of period
do
»-359
684
r
MISCELLANEOUS PRQ'DUCTS
Explosives (industrial) , shipments, quarterly:
Black blasting powder
mil. Ib.
.8
High explosives
..__ _ _ _
do__. 1, 459. 4
Paints, varnish, and lacquer, factory shipments:
Total shipments.
mil $
2,169.3
Trade products
do - 1,246.7
Industrial
finishes
do
922.6
Sulfur, native (Frasch) and recovered:
Production
thous. Ig. tonsi 7, 336
3,425
Stocks (producers'), end of period
.do ..
.1
406.4
—1.0
427.8
.5
1, 753. 1
1
456 2
1
442 0
2,364,4
1, 312. 4
1, 052. 0
178.5
91.2
87.3
149.9
73.0
76.9
162 0
81.3
80.7
167 3
88 9
78,4
208. 3
114.8
93.5
208 6
121 1
87.5
°31 7
134 4
97.3
250 4
146 7
103.7
214 8
134 2
80. 7
248 2
146 8
101.5
210 4
120 1
90.3
204 8
109.3
95.4
i 8, 242
2,704
699
2,926
722
2, 704
694
2,722
611
2,618
708
2,492
696
2,405
719
2, 349
668
2,215
716
2,278
695
2,244
673
2,263
705
2,131
i 190. 6
15.3
16.1
14.1
14.5
15.7
13.8
15.1
14 2
11.6
12.5
12.7
12.8
i 614. 0
47.3
45. 0
46.7
43 3
51.1
47 6
52 3
52 8
46 1
53 1
50 1
50 8
i 333. 5
453.3
i 982. 6
1632.8
27.1
38.0
80.4
51.8
22.0
37.1
73.9
47.1
23.4
35.9
77.7
50.8
25.5
35 4
73.2
46.8
28.1
41 6
88 2
57.4
24.9
40 1
80 6
51.2
19.0
46 4
80 8
51.3
25.4
41 8
80 0
56.6
20.5
35 7
67 3
42.8
20.8
44 0
80 7
57.9
29.0
39 4
r 79 3
r
60.2
22.9
42 1
87 2
60.6
12,397.2
12,670.2
13,558.7
210.2
227.5
312. 7
192.7
227. 0
326.3
190.8
223.4
306.8
188.6
204. 4
296.9
201.2
225. 5
330.5
207.9
215.9
320.5
208. 5
211 8
316.1
192.3
212 2
309.8
169. 8
167 7
299.7
190. 2
203 1
291.8
189.8
221 5
296.6
PLASTICS AND RESIN MATERIALS.
Production:
Cellulose plastic materials. _ _ _ _ _ _ . mil. I b 1 169. 5
Thermosetting resins:
1 639. 6
Alkyd resins
do
Coumarone-indene and petroleum polymer
resins
__..__mil. Ib... 1 324. 3
i 398. 9
Polyester resins
do
1 921. 8
Phenolic and other tar acid resins
do
i 621. 2
Urea and nielamine resins _ _ _ _ _
do
Thermoplastic resins:
Styrene-type plastic materials (polystyrene)
mil. lb._ 12,033. 1
Vinyl resins (resin content basis)
do
12,312.3
Polyethylene.
do
3, 047. 4
r
Revised.
i Revised annual total; revisions are not distributed to the monthly data.
Begm mg Jan 1965 data
£
'
exclude creosote in coal-tar solutions (formerly included); these
average 930,000 gallons per month in 1964.
3 See note "O" for P. S-21.
1
203.6
228 5
321. 3
cf Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
9 Includes data not shown separately.
S-26
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
January 1968
1966
Nov.
Annual
19G7
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov,
Dec.
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total $
mil. kw.-hr__ 1,157,583 1,248,232 102, 729 109, 717 109, 951 101, 061 107, 699 102,172 106, 582 Ill, 704 114, 428 118, 321 107, 159 109,498
Electric utilities, total
By fuels
_ .
By waterpower.
do
do
_ _ _ do
_ .
Privately and municipally owned util
Other producers (publicly owned)
Industrial establishments, total
By fuels
By waterpower
Sales to ultimate customers total (EEI)
Commercial and industrial:
Small light and power§
Large light and power §
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental
1,055,252 1,143,737 93, 949 100, 860 101, 256
861/401 949, 254 78,745 83, 053 83, 566
193, 851 194, 482 15,204 17, 807 17, 690
92,960
76, 369
16,591
98,942
80, 419
18,523
93, 654
76, 199
17,455
97,727 103, 007 106, 019 109, 753
78, 524 84, 505 87, 106 91, 088
19, 203 18, 502 18, 914 18, 666
98, 939 100,864
81, 658 82,989
17, 281 17,874
do
do
859, 414
195, 838
933, 407
210,329
77, 140
16, 809
82, 365
18, 495
82,618
18,638
75, 468
17, 492
80, 627
18, 315
75, 546
18, 108
78, 747
18,980
83, 772
19, 235
85, 836
20, 184
89, 231
20, 522
80, 731
18, 208
82, 784
17,079
do
do
do
102, 331
99, 198
3,134
104, 496
101, 346
3,149
8, 780
8,521
259
8,857
8, 575
282
8,695
8,393
302
8,101
7,821
280
8,757
8,454
304
8,518
8,220
298
8,854
8,524
330
8,697
8,408
289
8,409
8,183
226
8,568
8,320
248
8,220
8,001
21.9
8.635
8^69
266
do
953, 414 1,038,982
86,350
89, 262
93, 362
89, 654
90, 421
88, 105
87, 585
90, 587
94, 197
97,963
95,646
do
do
202, 112
433, 365
225, 878
465, 077
18, 45?
39, 851
18, 840
39, 560
19, 253
39, 652
18, 613
38, 367
18, 859
39, 559
18, 705
39, 530
18, 679
40, 304
20, 343
40, 991
22, 196
40, 130
23, 056
41, 913
22,310
41, 507
do
do
do
do
do
4,652
280,970
8,782
21,675
1,858
4,514
306, 572
9,240
25, 922
1,779
376
24, 371
866
2,291
139
421
27,087
914
2,306
134
438
30, 594
925
2,351
149
423
28, 895
834
2,370
152
426
28,174
817
2,407
179
376
26, 142
772
2,376
204
370
24, 885
726
2,316
306
337
25, 510
702
2, 405
301
336
28, 166
713
2,341
315
351
29, 130
754
2,437
321
338
27, 948
794
2,436
314
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil $ 15,158.4 16, 196. 1 1 330 5 1, 375. 0 1, 43L 2 1, 398. 1 1, 393. 8 1, 370. 4 1,362.4 1, 416. 3 1, 481. 4 1,523.6 1, 495. 5
GAS
Manufactured and mixed gas:
Customers end of period total 9
Residential
Industrial and commercial
thous
do
do
702
659
42
670
628
. 41
670
628
41
677
634
43
672
629
42
666
624
42
mil therms
do
do
1, 357
809
534
1,386
807
562
383
218
160
561
363
198
311
176
131
175
68
106
130.4
87.2
42. 1
127. 9
83. 5
43.1
34.7
22 3
12 0
49.0
33. 6
15.3
29.0
18.5
10.2
16.8
8.9
7.8
thous
do
do
37,265
34, 227
2,997
37, 183
34,057
3,082
37, 183
34, 057
3 082
38, 201
35, 062
3,139
38, 073
34, 991
3,037
38,011
34, 977
2,990
mil therms
do
do
118,748
39, 190
74,657
127, 524
40, 959
80,890
32, 060
10, 169
20, 521
42, 927
18,843
24, 084
31, 225
9,194
20,931
24, 595
3,684
19, 578
Revenue from sales to consumers, total 9 -.mil. $__ 7,278.5
Residential
do
3,937.8
Industrial and commercial
,
do___. 3,166.0
7, 745. 2
4, 108. 2
3, 433. 8
1,957.3
1,028.8
877 5
_ _ _ . 2, 882. 5
1, 731. 9
1 150 5
1, 868. 3
962.6
865.8
1, 245. 1
484.2
719.6
Sales to consumers, total 9
Residential
Industrial and commercial
Revenue from sales to consumers, total $ -mil. $__
Residential
do
Industrial and commercial
do
Natural gas:
Customers end of period total 9
Residential
Industrial and commercial
Sales to consumers total 9
Residential
Industrial and commercial
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
mil bbl
Taxable withdrawals
do
Stocks end of period
do
Distilled spirits (total):
Production
mil tax gal
Consumption, apparent, for beverage purposes
mil. wine gal._
Taxable withdrawals— - _ _ _ - mil. tax gal__
Stocks end of period
do
Imports
mil proof gal
Whisky:
Production
mil. tax gal__
Taxable withdrawals
do
Stocks, end of period
___do
Imports
mil proof gal
Rectified spirits and wines, production, total
mil. proof gal__
Whisky
do
Wines and distilling materials:
Effervescent wines:
Production
mil wine gal
Taxable withdrawals
do____
Stocks, end of period..
____do__._
Imports
do
Still wines:
Production
do
Taxable withdrawals
do
Stocks end of period
do
Imports
do
T~)isfvniiner Trmfp.rialQ nrnrlnpprl «.t winprio<!
r
rln
10.77
9.18
12.88
11.26
10.20
13.04
11.21
10.51
12.83
10.. 64
9.63
13.03
113.04
104. 26
10.57
8.10
7.93
11. 08
8.33
8.14
10.57
8.38
7.00
11.31
8.15
7.07
11.77.
185. 06
191.14
17.06
15.20
17.20
17. 20
19.36
16.46
11.14
23.66
11.70
895. 69
4.90
27. 99
13.46
899. 46
5.19
27.52
12.95
900. 42
5.56
22.55
9.40
900.14
4.04
18.17 . 20.27
8.89
8.67
11.94
9.00
8.28
11. 83
13.83
16.80
20.58
26.46
13.27
897. 62
4.89
25.80
12.77
898. 03
5.76
28.94
16.07
897. 34
7.80
8.54
7.67
10.74
10.48
12.48
294.24
137. 52
872. 90
58.04
309.00
144. 73
880. 42
60.30
32.77
14.32
878.48
7.15
37.56
10.05
880.42
5.46
21.18
9.91
885.49
4.90
21 54
9.76
888.40
3.94
27.24
12.64
892. 90
5.21
126. 88
90. 05
835,85
51. 10
128. 51
94.57
835. 46
52. 20
9. 92
10.06
835. 18
6.39
9.85
6.55
835. 46
4.88
12.73
6.49
839. 32
4.10
13.81
6.81
843. 33
3.42
14.82
8.25
846. 85
4.49
14. 09
7.54
850.06
4.32
15. 47
8,21
854. 57
4.49
10.98
7.60
855. 37
4.88
7.68
5.44
855. 62
3.50
9.91
8.29
854. 32
4.27
12.10
8.73
854. 33
5.04
14.58
11.69
853. 34
6.94
94. 11
64.81
r 101. 06
67.14
9.92
6.46
6.92
3.99
6.49
3.60
6.87
4.26
8.94
5.53
8.69
5.32
9.67
5.93
9.37
5.82
6.47
3.87
9.13
5.56
9.84
6.45
11.82
7.78
7.29
6.25
3.10
1, 45
8.75
7.40
3. 75
1.64
.73
1.01
3.88
.25
.96
1.00
3.75
.18
.86
.51
4.01
.14
.86
.43
4.38
.13
.83
.65
4.50
.17
.71
.52
4.64
.13
.74
.62
4.66
.15
.94
.68
4.87
.14
.49
.48
4.86
.10
1.01
.63
5.14
.10
.80
.76
5.09
.10
.85
1.11
4.75
.24
.28
233. 41
167. 14
262. 30
14.91
r 218. 62
165. 78
265. 10
16.34
17.88
16.09
282.86
2. 07
8.28
14.47
265. 10
1.43
3.49
13.43
253. 50
1.22
3.14
13.14
239. 90
1.08
3.22
17.87
225. 49
1.47
2.88
13.59
212. 49
1.35
2.63
13.59
201. 88
1.51
3.11
14.94
187. 26
1.41
1.84
10.12
177. 28
1.17
3.59
15.44
165. 28
1.27
31.43
14.69
177.92
1.51
106. 20
16.69
263.56
1.69
2.24
470 Rfi
rSQI 19
35 90
8.68
7.44
in. Bfi
3.28
10.74
6.59
2.29
8.90
62.10
161. 94
18. fifi
Revised.
JMonthly revisions for 1964 appear on p. 43 of the June 1966 SURVEY; production data for
all periods shown here include Alaska and Hawaii.
10.68
9.50
12.14
108.22
100. 42
10.34
§Data are not wholly comparable on a year to year basis because of changes from one
classification to another.
9 Includes data not shown separately.
January 1968
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1984
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1965
S-27
1966
1967
f
Annual
Nov.
Dec.
Jan.
Feb.
M ar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov. Dec.
84.6
82.2
200. 5 ' 186. 2
.676
.675
FOOD AND KINDRED PRODUCTS; TOBACCO— Continued
DAIRY PRODUCTS
Butter, creamery:
Production (factory) _ _ _ _ _ _ _
_,_.__
mil. Ib
1,324.6 1, 112. 0
80.9
Stocks, cold storage, end of period.. _
do
52.1
32.3
39.0
Price, wholesale, 92-score (N.Y.)
__$ per lb_.
.610
.672
.680
Cheese:
Production (factory), total.. ....
mil. Ib— 1,755.5 f 1,857.3 ' 136. 7
American, whole milk_ _
do
1, 158. 4 '• 1,220.8 '85.0
Stocks, cold storage, end of period. ..
do.,_._
American, whole milk___
„.
„ do
Imports
do
Price, wholesale, American, single daisies (Chicago)____
._
_ , _ _ _ $ per lb__
Condensed and evaporated milk:
Production, case goods:
Condensed (sweetened)
mil. lb_.
Evaporated (unsweetened).
do
Stocks, manufacturers', case goods, end of period:
Condensed (sweetened).
.
mil. Ib
Evaporated (unsweetened)
do
Exports:
Condensed (sweetened)
do
Evaporated (unsweetened) _ „
»__do
Price, manufacturers' average selling:
Evaporated (unsweetened)
$ per case..
Fluid milk:
Production on farms
.
mil. lb__
Utilization in mfd. dairy products
do
Price, wholesale, U.S. average
„$ per 100 Ib
Dry milk:
Production:
Dry whole milk..
...___„ . mil. Ib
Nonfat dry milk (human food)
do
Stocks, manufacturers', end of -period:
Dry whole milk
„ do
Nonfat dry milk (human food)
... ,_do
Exports:
Dry whole milk
do
Nonfat dry milk (human food). „
do
Price, manufacturers' average selling, nonfat dry
milk (human food)
„
__$ per lb_,
97.2
32.3
.674
112.3
35.1
.669
105.0
54.7
.672
111.8
76.2
.672
120.0
102.9
.672
129 1
151.2
.673
129.5
191.6
.672
104.9
228.5
.672
86.2
233.2
.681
75.3
212.4
.677
155.3
98.6
152.3
101.1
143.7
95.4
160.7
106.7
170.5
119.1
187.3
131.1
192.0
137.4
172.4
120.6
159.4
108.6
140.8 1 138. 1
90.8
87.2
442.7
388. 9.
18.4
457.1
403.6
12.0
450.8
397.1
7.2
439.5
386.1
7.6
.522
.524
.518
.518
.518
'.518
308.6
271.0
79.3
372.7
322.2
135.5
378.3
325.4
17.8
372. 7
322.2
17.8
367.8
317.4
14.7
361.2
308.6
13.2
367.4
317.9
18.8
387.4
335 i
15.7
408.0
355.4
11.7
.450
.527
.530
.530
.530
.520
.518
. 5:18
.518
170.8
.686
132.0
81.0
419.7 ' 401. S
370,0 ' 354, 3
8.5
9.2
386.6
340,9
.529
1
95.9
1,693.0
128.6
1, 696. 1
11.1
104.9
9.5
108.2
4,6
105. 2
2.9
103.6
4.0
119.8
6.6
146.5
6.9
165.2
6.2
173.3
7.9
152. 0
3.4
141.9
3.2
115.5
4.3
97.0
5.9
85.0
5.9
134. 8
11.6
192.9
7.2
230.8
11.6
192.9
14.3
150.0
15.5
119.6
13.8
81.9
9.8
124.0
10.9
174.2
12.1
228. 6
14.6
266.8
13.6
281.8
10.4
292.2
8.7
265.3
8.9
219.2
i 65. 3
124.7
92.9
38.4
7.0
2.1
5.6
3.0
(2)
1.5
(*)
5.9
•1.8
3.7
7.3
2.2
7.0
2.3
5.2
3.6
.1
3.2
1*
(2)
2.3
(2)
2.5
1.0
2.5
6.09
6.73
7.07
7.06
7.05
7.05
7.05
7.05
7.05
7.05
7.05
7.05
7.05
7.06
7.06
124, 173
60, 202
4.23
120,230
58,398
4.81
9, 012
3,837
'5.37
9,511
4,286
5.28
9,855
4,760
5.15
9, 217
4,596
5.06
10, 510
5, 185
4.95
10, 732
5, 558
4.77
11,508
6,134
4.74
11, 146
6,379
4.68
10,311
5,599
4,80
9,757
4,984
4.98
9,173
4.173
5.20
9,209
4,137
5.32
8, 861
3,876
'5.36
88.6
1,988.5
94.4
1, 595. 3
5.6
94.3
5.6
125.1
6.7
135. 2
6.7
129.6
8.0
145.7
8.8
173.0
10.2
195.1
7.2
202,4
8.2
157.5
5,1
130. 1
4.7
100. 3
5.4
100.8
5.7
100.6
5.0
58.2
6.9
118.5
8.3
112.2
6.9
118. 5
6.8
118,7
7.0
111.7
7.2
99.6
8.8
115.7
10.9
137.9
9.4
157. 6
10.2
162.3
8.6
152.6
7,4
136.0
7.2
116. 1
6.5
99.7
120.0
i 438. 8
16.4
170.3
.8
8.8
.8
4.1
1.2
9.4
1.6
14.4
1.6
10.7
.8
7.2
1.2
16. 2
.9
32.1
.7
13.4
.8
7.4
.7
19.3
1.2
4.7
1.1
3.5
.147
.182
.204
.201
.200
.199
.201
.199
.199
.199
.199
.198
.199
.200
.199
Exports (barley, corn, oats rye, wheat)... mil. bu__ U,385.6
1, 590. 3
125.5
101. 3
90.5
82.7
100.9
87.6
86.5
91.7
98.7
106.1
105.5
152.5
9,304
5.33
GRAIN AND GRAIN PRODUCTS
Barley:
Production (crop estimate)
Stocks (domestic), end of period
do
.do
Off farms.
_
do
Exports, including malt§
_ _ _ _ _ do
Prices, wholesale (Minneapolis):
No. 2, malting
$ per bu
No. 3, straight
____
do
Corn:
Production (crop estimate, grain only).. mil. bu._
Grindings, wet process
.
do
Stocks (domestic), end of period, total, .mil. bu__
OfTfarms-..
do
Exports, including meal and
flour
do
Prices, wholesale :
No. 3, yellow (Chicago)
$ per bu
Weighted avg., 5 markets, all grades. _ _ _ _ d o _
Oats:
Production (crop estimate).
_
Stocks (domestic), end of period, total
On farms-
mil, bu
do
do
Exports, including oatmeal..
do
Price, wholesale, No. 2, white (Chicago)
$ per bu__
Rice:
Production (crop estimate) _ . .
mil bags 9
California mills:
Receipts, domestic, rough
mil. Ib
Shipments from mills, milled rice " do
Stocks, rough and cleaned (cleaned basis), end
of period
mil. ib
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough, from producers
mil. Ib
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis) , end of period
_ mil. Ib
Exports
do
Price, wholesale, Nato, No. 2 (N.6.)
$ perlb..
Rye:
Production (crop estimate)
__
Stocks (domestic), end of period
Price, wholesale, No. 2 (Minneapolis)
mil. bu
do
$ per bu ~
3 392. 3 '3393.2
300. 8
292.3
184. 5
177.2
116.3
115.1
165.9
63.6
292.3
121.8
* 370. 2
4.3
115.1
1.4
2.7
3.1
205.4
113. 1
92 2
.8
3.0
4.9
«5120. 8
56.0
«64 8
5.2
7.9
2.3
377.9
228.4
149 5
3.1
2.9
4.0
1.35
1.33
1.37
1.36
1.36
1.34
1.35
1.34
1.32
1.31
1.33
1.32
1.32
1.31
1.35
1.33
1.33
1.31
1.32
1.29
1.31
1.30
1.26
1.26
1.26
1.26
1.25
1.24
34,084 ' 3 4S 117
204.9
203.6
16.9
15.1
16.2
15.1
17.6
16.7
18.1
18.2
16.1
18.6
18.4
19.2
17.1
3,663
2,885
778
616.6
56.4
3,663
2,885
778
44.6
35.4
38.1
2,705
2,034
671
49.0
35.4
31.7
1,735
1, 330
405
34.0
28.0
36.8
254
46.4
42.5
1.28
1.25
1.34
1.31
1.31
1.33
1.42
1.37
1.40
1.36
1.38
1.33
1.38
1.34
1.36
1.32
1.37
1.33
1.35
1.33
1.28
1.26
1.22
1.19
1.19
1.19
1.15
1.14
3927
762
660
103
'3801
660
555
105
124.3
30.2
2.3
.74
«.77
.78
376.3
' s 85. 0
1,612
1, 055
1,536
'920
33
54
154
58
1.33
1.27
4f041
3,085
956
1 598. 9
660
555
105
.2
441
354
88
*817
5270
5198
1.06
1.07
571
.2
1.7
2.8
1.4
.9
.4
.6
.77
.77
.75
.74
.78
.74
.73
.74
.74
.74
179
197
147
119
163
122
138
134
180
206
104
58
144
122
202
153
165
145
352
41
81
43
()
(•)
1.11
1.09
*782
793
659
134
.79
.5
*4,722
15.8
3
563
5
.8
8
1.20
1.20
*89.6
207
317
262
317
260
248
239
202
120
135
113
118
70
269
277
5,711
M,020
5,880
3,962
664
416
405
399
341
403
294
414
232
441
150
385
104
385
26,
276
405
206
1,133
289
1,527
358
1,487
504
592
492
1,641
i 3, 411
.083
1,758
2,978
.083
1,867
246
.085
1,758
322
.085
1,611
472
.085
2, 766
390
.085
1,163
461
.085
900
319
.085
616
324
.085
, 450
223
.085
912
194
.085
1,571
227
.085
2, 064
288
.085
2,003
337
379
510
.085
333.2 '327.8
.* 24. 1
28.3
28.8
28.3
24.3
518.7
32.9
1.20 "l.~21~
1.25 "l.~20~ ~Tl9~
1.15
1.23 "T.2T ~~L22~
1.17 "l.~23~ ~Tl7~
1.18
i.ie
1. 1!
1.13
3
7
/ Revised.
1 See note "Q" for p. S-21.
2 Less than 50,000 Ibs.
Crop estimate for
erage for 11 months.
Beginning June 1965, data include shipments to Gov't. agencies.
8
the year.
« December 1 estimate of 1967 crop.
s Old crop only; new crop not reported
Less than 50,000 bushels.
§ Excludes pearl barley.
9 Bags of 100 Ib.
until beginning of new crop year (July for barley, oats, rye, and wheat; Oct. for corn).
« Av-
January 1968
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
Annual
1967
1966
1966
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
mil bu
do
do
do
2 1,2 524
312
21,212
1 1 316 ' 1 1 312
1299
'1249
il 017 r 1 1 062
1,430
1,559
392
347
276
415
1,049
409
640
7Q2
241
461
3 426
3 147
3279
1,565
609
956
Stocks (domestic) end of period total
On farms
Off farms
do
do
do
1, 336
405
931
1, 049
409
640
Exports total including
Wheat only
do
do
4694.2
4646.5
875. 7
820.8
62.1
56.1
55.1
50.5
51.8
48.1
40.7
38.0
50.8
46.5
48.3
44.6
48.0
44.2
50.5
45.9
59.6
57.4
65.4
63.1
71.0
68.4
59.0
56.8
71.5
68.9
1. 83
1.58
1.70
1.97
1.81
1.88
2.00
1.88
1.98
1.97
1.86
1.95
1.92
1.79
1,91
1.91
1.73
1.87
1,97
1.84
1.93
1.96
1.78
1.91
1.99
1.77
1.94
1.94
1.66
1.86
1.93
1.61
1.75
1.86
1.58
1.81
1.90
1.57
1.90
'1.93
1.63
1.93
1.91
1.59
1.86
253, 000
4, 619
567, 936
21, 134
485
47, 198
20, 463
373
45, 718
20, 332
372
45, 528
19,074
346
42, 662
21, 340
372
47, 842
19, 443
345
43, 632
19,951
365
44, 463
20, 062
365
44,724
18,945
335
41, 851
21,994
398
48,842
20, 729 ' 21, 925
394
382
47, 094 '49,645
21,238
376
47,441
4,180
23,540
2,595
4 180
1,956
1, 564
1,172
4,226
1,844
1,560
1,642
4,303
1,976
911
1,001
6.365
5. 994
6.550
6.100
6.325
5.883
6.250
5.700
6.175
5.633
6.263
5. 850
6.263
5.790
6.275
5.767
6.213
5. 700
5,076
26, 614
14, 257
7,230
4,432
27,319
« 13, 133
8, 056
384
2,285
1,244
1,325
366
2,257
1,042
705
372
2,365
1, 142
514
313
2,105
840
355
400
2,338
943
459
316
2,185
891
388
300
2, 425
1,013
406
25.81
22.50
27. 17
26.17
25.42
32.38
24.93
24.18
32.50
24.49
24.28
32.50
25.21
24.32
33.00
24.92
24.04
35.00
24.65
24.58
35.00
24.59
24.81
31.00
63, 729
15, 175
6,200
1,469
6,215
1,460
6, 280
1,497
5,652
1,233
6,725
1,442
20; 78
22.88
19.78
19.10
18.77
18.81
18.2
18.6
15.3
'14.7
14.8
14.9
11, 710
3, 450
2,157
11, 553
53,901
1,988
896
344
126
905
269
111
1,053
298
88
24.29
25.00
22.25
22.00
28, 336
29, 290
2,636
484
4535
1,012
621
480
1,318
565
52
104
15, 995
269
718
16, 709
317
32
895
.433
576
12
flour
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu_.
No, 2, hd. and dk. hd. winter (Kans. City). do
Weighted avg., 6 markets, all grades
do
Wheat flour:
Production:
250,384
Flour
thous sacks (100 Ib )
Offal
thous sh tons
4,645
Grindings of wheat
thous bu
564, 724
Stocks held by .mills, end of period
4,314
thous. sacks (100 lb.)_.
Exports
do
4 20, 464
Prices, wholesale:
Spring, standard patent (Minneapolis)
5.784
$per!001b._
Winter, hard, 95% patent (Kans. City)__do
5. 464
1.85
1.58
1.86
4,689
1,118
921
6. 275
5.800
6.013 . 5.975
5.583
5.450
5.975
5.483
285
2,423
958
326
271
2,238
955
397
332
2,461
1,108
612
348
2,330
1,078
972
383
2,433
1,393
1,468
357
2,254
1,196
1,287
966
25.37
25.14
34.50
25.83
25.49
32.00
26.37
25.61
30. 00
27.18
25.53
31.00
27.59
24.79
31.00
26.95
24.91
31.00
26.48
23.90
26.38
23.68
5,870
1,372
5, 306
1,328
5,178
1,249
4,743
1,118
5,808
1,257
6,114
1,286
6,684
1,545
6,431
1, 531
1, 396
18. 05
17.23
21.31
21.05
21.12
19.94
19. 09
18.06
17.22
16.79
14.0
13.5
17.4
16.7
17.7
18.4
17. 1
17.2
17.5
16.1
989
221
70
1,072
250
71
872
215
76
890
300
95
904
272
96
902
277
76
1,001
359
113
1,037
405
198
1,007
451
300
899
323
150
248
22.50
21.25
21.25
22.75
29.25
26.75
24.75
24.00
22.50
22.25
22.50
22.00
2,647
2,732
2,419
2,748
2,513
2,569
2,552
2,327
2,624
2, 599
2,787
2,646
621
36
106
668
36
115
697
42
99
727
41
110
783
39
96
725
43
91
664
39
112
601
34
130
528
40
131
530
40
134
584
47
138
637
46
123
1,414
282
3
72
1,418
317
3
73
1,488
334
3
82
1,324
325
3
63
1,466
313
3
67
1,378
303
3
61
1,524
300
3
56
1,514
288
3
77
1,381
276
3
97
1,495
255
3
99
1,422
252
2
101
1, 490
258
3
101
1,384
'278
3
88
.441
.427
.431
.437
.434
.419
.427
.442
.454
.460
.469
.486
.466
.460
.460
581
17
45
18
46
17
55
15
52
15
56
15
44
16
43
17
43
15
43
13
48
11
50
11
49
13
45
'15
15
1,177
1,183
1,189
1,042
1,226
1,090
1,002
995
902
1,082
1,128
1,248
1,217
961
206
7
24
955
234
6
25
959
256
5
23
845
290
7
27
996
331
6
32
890
386
5
24
798
336
4
25
799
293
3
32
724
239
2
26
878
199
3
24
918
203
4
21
1,009
250
7
23
987
'279
5
23
.568
.509
.625
.497
.578
.512
.540
. 506
.549
.467
.483
.458
.523
.556
.557
.554
.523
.594
.563
.553
.545
.545
.547
.502
.465
163
78
19
.143
165
100
14
.133
167
116
18
.138
143
125
14
.136
166
132
9
.133
145
142
19
.135
148
128
13
.129
141
128
14
.124
129
118
20
.119
149
106
16
.125
152
'107
13
.124
172
105
18
.120
168
106
27
1,115
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
thous animals
Cattle
do
Receipts at 26 public markets
_
do _
Shipments, feeder, to 8 corn-belt States. _ _ _ d o
Prices, wholesale:
Beef steers (Chicago)
$ per 100 Ib
Steers, stocker and feeder (Kansas City)__do._...
Calves, vealers (Natl. Stockyards, Ill.)__do
Hogs:
Slaughter (federally inspected). __thous. animals..
Receipts at 26 public markets.
do
Prices:
Wholesale, average, all grades (Chicago)
$per!001b._
Hog- corn price ratio (bu. of corn equal in value
to 100 Ib. live hog)
.. _
Sheep and lambs :
Slaughter (federally inspected). __thous. animals..
Receipts at 26 public markets _-_.__do _ _
Shipments, feeder, to 8 corn-belt States
do....
Price, wholesale, lambs, average (Chicago)
$perl001b_.
63, 708
15, 386
5
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in) , inspected
slaughter
mil Ib
Stocks (excluding lard), cold storage, end of
period
_ _ _
mil. Ib
Exports (meat and meat preparations)
do
Imports (meat and meat preparations)
do
Beef and veal:
Production, inspected slaughter
do
Stocks, cold storage, end of period"..
do
Exports
_ __ _
do
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
$perlb._
Lamb and mutton:
Production, inspected slaughter
mil Ib
Stocks, cold storage, end of period.
do
Pork (including lard), production, inspected
slaughter
.___
mil. lb.. 11, 766
12, 000
Pork (excluding lard) :
Production, inspected slaughter
__do
9,330
9,670
Stocks, cold storage, end of period . .
do
234
152
Exports. _ _
do
453
55
Imports
.
do
262
298
Prices, wholesale:
.542
Hams, smoked, composite--.
-$perlb__
. 587
Fresh loins, 8-12 Ib. average (New York) _ _ d o
.532
.569
Lard:
Production, inspected slaughter
mil. lb__
1,772
1,696
Stocks, dry and cold storage, end of period__do
62
100
Exports _ ___
do
4251
158
Price, wholesale, refined (Chicago)
$ per lb_.
.153
.152
r
Revised.
i Crop estimate for the year.
2 December 1 estimate of 1967 crop.
4301cI
650
289
287
.472
crop on y; new §jrain not 5reported until be ginning <)f new cr op year (July for wheat).
See note "O" for p. S-21.
Beginning 1966, data are for receipts at 28 markets.
January 1968
S-29
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1 954
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
1966
Nov.
1967
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. Ib
Stocks, cold storage (frozen) , end of period, total
mil. lb_.
Turkeys
_ _
do
Price, in Georgia producing area, live broilers
$ per lb._
7,998
8,786
888
790
682
551
624
622
733
791
771
992
942
1,007
897
315
200
436
267
468
312
436
267
437
275
409
254
351
207
321
176
296
149
308
160
368
221
486
332
603
441
725
554
608,
'431
548
370
.145
.145
.125
.110
.125
.140
.130
.125
.120
.125
.140
.120
.120
.110
.105
.105
182.5
184.6
15.4
16.2
16.4
15.0
17.0
16.7
17.0
16.2
16.4
16.1
15.6
16.2
15.8
85
51
27
36
23
39
27
36
64
37
55
41
41
44
120
55
265
71
427
85
391
93
315
99
283
100
239
98
'150
'96
85
87
.328
.401
.456
.399
.343
.311
.322
.265
.258
.251
.324
.288
.320
.283
.298
.315
Cocoa (cacao) beans:
Imports (incl. shells)
thous. Ig. tons.,
Price, wholesale, Accra (New York)_._.$ per lb._
354.4
.172
319.3
,.246
15.9
.233
26.8
.249
49.8
.266
50,9
.305
39.8
.290
21.6
.274
10.8
.276
18.9
.278
16.5
.269
9.2
.279
8.9
.303
12.4
'.291
17.8
.316
Coffee (green):
Inventories (roasters', importers', dealers'), end
of periocj
thous. bagscf
Roastings (green weight)
.do
3,143
21, 680
3, 141
21, 300
21,290
5, 742
22, 056
6,726
1,573
455
1,664
471
1,979
560
If618
359
2,092
412
1,717
362
1,722
183
1,647
468
2,126
627
1,818
620
1,599
476
2, 103
778
1,845
637
.451
1, 428
.414
1,539
.403
169
.398
138
.395
146
.388
143
.388
136
.385
106
.388
115
.395
111
.388
86
.380
122
.380
191
.375
'167
.375
166
.373
230
271
272
271
253
224
204
190
183
184
226
240
247
238
'248
248
472
40
'489
40
685
1,640
2,890
3,390
3,190
2,730
2,369
2,151
1,666
1,191
641
4,152
5, 796
1,966
4, 045
6,250
1,911
1,073
357
82
899
250
7
561
2,074
170
216
246
143
110
233
184
10
158
156
144
214
198
123
481
146
48
479
102
60
760
286
92
538
205
670
542
152
327
117
10, 151
10, 020
2,648
10,444
10,299
2,598
776
759
2,142
889
873
2,598
674
658
2,832
683
673
2, 734
873
859
2,614
824
788
2,501
880
842
2,379
1,053
1,022
2, 130
891
875
1,869
1,048
1,017
1,428
862
1,052
840
1,027
1, 149 '1,418
p 2, 113
sh tons
i 2, 359
3,006
184
88
40
89
91
57
68
197
58
117
587
32
106
thous. sh. tons
do
do
3,783
1,055
82
4,198
1,039
38
338
56
9
289
16
5
225
64
5
295
45
10
406
100
4
421
154
3
281
54
4
466
132
5
500
143
3
449
70
1
444
103
3
324
49
7
282
29
1
.068
.070
.071
.071
.071
.072
.072
.072
.073
.074
.073
.073
.073
.074
.074
.595
.095
.620
.096
.632
.097
.636
.099
.633
.099
.630
.099
.629
.099
.629
.099
.627
.099
.631
.099
\623
.099
.620
.089
.620
.099
.615
.100
thous. lb.. 130, 358
132,996
9,281
10, 545
12, 461
11,633
14,419
14, 518
12, 663
12,378
10,476
11,907
9,931
8,196
10, 144
264.3
259. 8
260.1
270.5
249.9
283.6
275.9
221.5
281.3
276.0
284.7
295. 6
118.6
119.3
118.8
119.2
125.9
125.6
149.0
135.8
123.8
127.6
' 126. 0
119.6
259.8
238.0
240.8
254.1
244.5
251.0
255.6
230. 3
255. 8
251.8
238.2
229.7
83.4
76.0
89.4
81.9
97.9
87.8
84.7
84.5
93.0
81.3
'70.0
81.0
192.9
202.3
174.7
194.9
160.5
171.0
173.6
139.4
176.8
168.2
' 186. 6
183.4
53.2
49.5
55.3
65.3
68.2
57.9
59.7
61.9
61.4
57.9
'61.3
51.2
.273
.273
.256
.256
.256
.256
.256
.256
.256
.256
.256
51.0
'40.6
51.0
35.3
53.4
44.4
51.3
43.9
50.3
44.9
57.2
46.3
49.8
45.0
41.5
40.4
44.9
55.4
43.8
45.1
'42.9
'40.3
70.2
72.8
Eggs:
Production on farms
_
...mil* cases O
Stocks , cold storage, end of period:
Shell......
thous. cases O_,
Frozen..
mil. lb_.
Price, wholesale, extras, large (delivered; Chicago)
$ per doz._
MISCELLANEOUS FOOD PRODUCTS
Imports, total..
do
From Brazil
do
Price, wholesale, Santos, No. 4 (New York)
$perlb._
Confectionery, manufacturers' sales..
mil. $..
Fish:
Stocks, cold storage, end of period..
mil. lb._
Sugar:
Cuban stocks, raw, end of period
thous. Spanish tons..
United States:
Deliveries and supply (raw basis;) :§
Production and receipts:
Production
_ »_ .
thous. sh. tons
Entries from off-shore, total 9
do
Hawaii and Puerto Rico
do
Deliveries, total 9
.
For domestic consumption. _
Stocks, raw and ref., end of period
Exports, raw and refined
Imports:
Raw sugar, total 9
From the Philippines.
Refined sugar, total
do
do .
-do
Prices (New York):
Raw, wholesale
$per Ib..
Refined'.
Retail (incl. N.E. New Jersey)-.! per 5 lb._
Wholesale (excl. excise tax)
_$ per lb._
Tea, Imports......,-..
2,874
5,657
3,141
5,425
Baking or frying fats (incl. shortening):
Production.,.
mil. lb, 2,792.5 '3, 189. 5 ' 274. 2
Stocks (producers' and warehouse) , end of period
116.6
109.7
118.6
mil. Ib..
Salad or cooking oils:
2, 773. 1 2,946.8
237. 6
Production
do
Stocks (producers' and warehouse) . end of period
85.9
82.2
83.4
mil. lb_.
Margarine:
1,904.4 2, 109. 7
Production.
do
193. 3
Stocks (producers' and warehouse) , end of period
41.6
53.2
54.8
mil. lb_.
Price, wholesale (colored; mfr. to wholesaler or
.261
.273
large retailer; delivered)
$ per Ib. .
.266
2,457
5 226
.310
2,702
4,816
.073
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats:A
Tallow, edible:
530. 1
566.7
Production (quantities rendered)
mil. lb_.
416.8 ' 516. 1
Consumptipn in end products
_do
Stocks (factory and warehouse) , end of period
31.1
50.9
mil. lb_.
Tallow and grease (except wool), inedible:
4, 302. 5 4, 486. 9
Production (quantities rendered)
do
Consumption in end products
_ _
_ _ d o 2, 210. 5 2, 439. 6
Stocks (factory and warehouse) , end of period
413.8
447.4
mil. lb._
Fish and marine mammal oils:
190.2
164.1
Production _ ,.
do
79.3
Consumption in end products
do
Stocks (factory and warehouse) , end of period
185.3
158.5
mil. Ib.,
r
Revised. *> Preliminary. * See note "O" for p. S-21.
O Cases of 30 dozen. d*Bags of 132.276 Ib.
55.0
'48.1
45.2
44.6
43.0
50.9
63.0
75.1
78.4
83.6
80.8
83.5
80.5
72.8
398.8
203.3
410.7
207.9
408.5
210.5
387.9
191.3
419.8
205.6
393.7
202.1
403.8
211.1
419.1
220.4
364.1
173.6
405.8
210. 8
373.5 ' 387. 1
200.7 ' 194. 4
430.9
447.4
507.7
471.9
501.2
497.2
481.8
432. 4
397.4
394.2
408.8 ' 434. 6 441.5
16.5
'5.8
7.1
5.8
1,9
6.1
.5
5.6
.8
5.7
3.2
6.9
9.1
6.2
20.1
6.6
21.4
6.0
21.9
6.6
183.9
158.5
153.0
154.4
13.0
5.7
'9.0
'5.7
70.2
395.2
193.1
11.6
5.7
135.5
145.5
165.9
165.6
167.7
160. 4 ' 165. 1 167.5
165.0
§M(mthly d ata refle ct cumu [ative re visions f or prior periods.
9 In eludes d ata not
shown separate ly; see al so note ' §".
AFor da ta on lar(I, see p. S-28.
January 1968
SURVEY OF CURRENT BUSINESS
S-30
1966
1966
Unless otherwise stated, statistics through 1964 1965
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
Annual
Nov.
1967
Tan.
Dec.
Feb.
Apr.
Mar.
May
June
July
Sept.
Aug.
Oct.
Nov.
Dec.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
i
FATS, OILS, AND RELATED
PRODUCTS- Continued
Vegetable oils and related products:
Coconut oil:
Production:
Crude
. ..
mil. Ib
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of period
mil Ib
Imports
do
Corn oil:
Production:
Crude
do
Refined _
do
Consumption in end products
*
do
Stocks, crude and refined (factory and warehouse) end of period
mil Ib
Cottonseed cake and meal:
Production.
thous. sh. tons._
Stocks (at oil mills'* , end of period
do
Cottonseed oil:
Production:
Crude
mil. Ib
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of period
mil Ib
Price wholesale (drums* N Y ^
Linseed oil:
Production, crude (raw)
$ per Ib
IP 11. Ib
Stocks, crude and refined (factory and warehouse) end of period
mil Ib
(d)
(d)
41.9
60 0
52 4
65 9
(d)
44.9
56 4
(d)
41.3
62 7
(d)
45.0
65 0
(d)
52 4
68 3
(<*)
49.0
52 0
(d)
53.4
63.5
(d)
49.6
69 5
(d)
44.5
62.9
' 37. 3
'54.4
'68.4
37. o
42.7
62.3
188 3
31.3
9.3
194 5
196.8
206 8
79.6
187 7
18.4
191 6
20.2
184 3
24.3
145 9
25.8
114.0
24.1
107 8
18.5
107.7
34.2
'94.5
31.4
98.7
35.2
448.6
397.6
388.0
36.1
36.0
33 4
34.1
33.6
34 0
34.3
34.0
34.2
33. 7
30.3
32.5
40.4
38.8
38.2
38.5
34.8
35.1
40.2
36.8
40.0
33.9
33.2
30.0
38.2
33.2
35.7
39.1
35.8
34,9
'38. 9
39,7
'40.1
35.5
33.1
33.5
53 5
55 2
53 5
47 0
45 8
44 9
37.7
33.7
31.0
49 5
50 0
49 2
48,7
45 6
46.8
'43.0
41.6
2,756. 3 '2,381.4
94.2
80.9
259.9
91.7
249.2
94.2
237.6
111. 6
179. 1
126. 1
184.0
148.1
106.8
166.9
63.3
160.9
67.5
157.8
44.2
148.4
65.9
133. 2
1, 974. 2 1, 674. 6
1, 668. 8 '1, 506. 4
1, 471. 7 '1,258.1
183.1
137.6
92.7
175.1
162.4
95.1
168.0
128.7
82.5
126. 6
117.1
86,3
128.7
122.8
86.9
73.9
108.5
90.5
43.5
87.5
91.9
49,6
72.6
78,3
30.2
42.6
73.4
45.4
47.7
80.6
33.5 ' 100. 2
55.1
32.9
74.7 '79.4
167.1
110.4
87.7
300 1
501 3
i i4Q
381.8
184 0
178
309.4
5 7
169
381.8
5 2
165
434.9
37
151
476.9
46
158
514.0
87
158
476.9
25 4
158
416. 7
11 6
.158
364, 7
2 0
160
298.3
62
150
246.0
26
152
207.0 ' 198. 7
30
5=6
.154
,150
227.7
4.7
410.1
*>27 2
r 234 7
r 17 1
r 15 g
30.1
33.3
19 1
29.7
19 3
31.3
19 1
30.2
20 2
32.5
22 5
35.4
19 6
7.2
16 9
32.9
18 1
213 5
134
208.4
•»2g
218.0
128
208.4
128
205.9
128
204. 9
128
206.5
128
204.7
128
211.8
128
199.2
128
184.1
128
185.4
128
365.4
488 1
723 5
358.5
569.6
'783 4
(d)
43.3
60 2
154 4
383. 6
498.2
445 9
412.8
422 9
26 1
454.2
39.0
Soybean cake and meal:
Production
thous. sh tons 11,179.1 12, 614. 4 1,147.1 1,133.1 1,157.6
134.1
75.4
120.0
129. 0
120.0
Stocks (at oil mills) , end of period
do
Soybean oil:
Production:
529.0
521.9
512.3
5, 235. 5 '55811.2
Crude
mil Ib
4 547 3 5, 152. 0
427.0
465.3 460.4
Refined
do
452,2
465.7
4,437.6 '5,210.2 434. 8
Consumption in end products
do
Stocks, crude and refined (factory and ware566. 1
488.0
510.9
510.9
374 8
house) end of period
mil Ib
24.3
48.6
684.8
97.8
1,026.7
Exports (crude and refined)
do
127
133
131
134
140
Price wholesale (refined' N Y )
$ per Ib
TOBACCO
Leaf:
2
1, 855 ' 2 1,888
Production (crop estimate)
mil Ib
Stocks, dealers' and manufacturers' end of period t
5 582
5,353
mil Ib
468, 075 551, 162
Exports incl scrat) and stems
thous Ib
182, 558 179, 336
Imports incl scrap and stems
do
Manufactured:
Consumption (withdrawals):
Cigarettes (small): ' .
Taxable
Cigars (large) taxable
Exports cigarettes
do
do
millions
44 236
511 463
7 578
23, 052
49.1 ' 143. 5 229.0
104.9 ' 121. 6 137.1
37.8
16 9
' 35. 3
' 15.6
35.9
13.8
34.6
40.7
200.6
147.4
141/2
23.0
187.4 ' 196. 6 222.8
.132
127
972.9 a,136.9 1, 180. 1 1, 131. 1
177.9
109.6 ' 151. 6 165.5
1.022.3 1,083.7 1, 080. 9 1,107.6 1, 103. 6 1,061.7 1,029.5
86.3
141.3
111.0
146.1
122.1
111.7
102,3
468.8
410,4
418. 7
496.8
446.0
455.6
502.8
387.4
404.4
514.7
424.8
436.8
513.5
450.3
450.6
494.1
377. 0
373.2
480.1
432.7
443.7
459.5 ' 515. 1 515.7
428.2
415.0
398.2
450.1 ' 448. 5 438.0
581.6
45.7
127
535.8
120. 2
128
600.4
41.0
127
633. 7
66.5
127
591. 0
131. 0
122
632.2
86.2
114
687 5
43.1
122
595.0 r571.3
118.0
79,1
. 115
.111
53, 273
15, 305
48, 091
14, 828
4,880
39, 444
19, 089
31, 425
14,899
3 972
44| 084
572
2,059
4 321
48^ 101
639
1,943
5 262
48, 123
529
2,396
4 141 3 495
4l' 376 51, 658
648
485
1,917
2,270
15 404 13 169 11 300 12 546
230
198
264
265
1 324 1 103 1 154 1 090
8 801
351
757
8 593
174
735
8,640
138
842
8 700
160
912
8 873
221
931
4 200
3 460
479
502.6
568.8
114.3
3 2, 007
46 112
522 532
7 076
23, 453
70, 182
14, 812
5, 353
72, 308
13,129
36, 930
14,907
34, 791
16,680
5,339
39, 111
13, 488
3 819
43 225
'664
1,941
3 549
38, 079
424
1,573
3 406
41,319
537
1, 769
3 967
39, 936
477
1,731
4 593
43, 591
592
2,202
43,458
19,985
4,995
59, 439
16, 876
50, 656
20, 487
66, 834
17,520
r
3 894 3,870
43, 835 46, 653
605
709
1,811
1,680
1,824
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9
___thous. $__
Calf and kip skins
thous. skins. _
Cattle hides- _ _
thous. hides, _
Imports:
Value, total 9,-.._._thous. $._
Sheep and lamb skins....
___thous. pieces..
Goat and kid skins
._
do
Prices, wholesale e f.o.b. shipping point:
Calfskins, packer, heavy, 9H/15 Ib
$ per lb_.
Hides, steer, heavy, native, over 53 Ib
do
j
1 *»t A9^l
2 45§
3' **i 1
1 4. ^07
oco
go QQK
1 850
4 411
36 998
10 ^31
O
2 582
RA1
fifSI
•\A*3
177
i ^ fi^fi10 787 12 608
175
174
' 180
1 698 1 210 1 171
4 794
1 703
604
j. Q47
1 656
364
475
149
550
129
5
eflfi
5 200
3 846
721
5 400
3 194
531
5 300
2 925
740
4 100
2 503
558
4 500
2 833
510
129
450
125
450
119
450
130
400
125
400
110
410
125
430
105
332
1 924
742
2 153
349
2 085
841
2 ?51
320
1 895
752
2 201
340
379
1 983
2 050
' 777
769
2 402
2 459
226
1 461
'485
1 808
370
2 059
624
2 778
294
1 892
663
2 557
374
2 102
757
2 607
4 8G9
6 192
3 691
5 565
8 933
4 415
5 631
7 260
6 301
1 07 4
106 0
104 6
101 1
98 2
95 4
95 4
91 2
90 5
im «
QQ 9.
QS 3
QS 3
QS 3
8« 1
88.1
S3. 5
84.2
Rf\0
6
3
900
r> glQ
500
134
K7K
CAfj
129
LEATHER
Production :c?
397
341
299
6 263
4 720
Calf and whole kip
___thous. skins._
9 O1 fi 1 Q91
1 912
3 A*3C. 90 OQA
Cattle hide and side kip
thous. hides and kips__
CK7
•to 079
Q
4
.
R
907
4
909
Goat and kid.thous. skins.
0 316 9Q 309 2 350 1 960 2 012
Sheep and lamb...
.__.
._._do._.
Exports:
Glove and garment leather
...thous. s.q. ft._
39 953 85 704 4 461 4 796 5 511
Upper and lining leather..
. ..._do_
Prices, wholesale, f.o.b. tannery:
1114 *?
1fl1Q
105 3 103 9 103 2
Sole, bends, light
index, 1957-59=100..
TJpper, chrome calf, B and C grades
10*
K
QQ
n
Qfi 2
ins 9
ma 9
index, 1957-59=100.
r
Revised.
^
Data
withheld
to
avoid
disclosure
of
operations
of
individual
firms.
1
3
Average for 11 months.
2 Crop estimate for the year.
December 1 estimate of
1967 crop:
4
Effective Jan. 1965, data are for all leather, except sole and rough; see note "O" for p. S-21.
6 300
4 079
'457
K
1 859
885
' 793
QK7
576
10 783
233
1 131
4 400
1 804
488
6,883
{Revisions for 2d qtr. 1963-4th qtr. 1964 (mil. Ib.): 4,695; 4,793; 5,288; 5,355; 4,964; 5,071; 5,666.
9 Includes data for items not shown separately,
cf Revisions for Jan.-Mar. 1966 will be shown later.
January 1968
S-31
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
Nov.
Annual
1967
1966
1966
Jan.
Dec.
Feb.
Mar.
Apr.
May
June
July
Aug.
49, 024
40, 932
58, 249
r
47, 314
10, 121
611
203
r
Sept.
Oct.
50,545
53, 731
Nov.
Dec.
LEATHER AND PRODUCTS-Continued
LEATHER MANUFACTURES
Shoes and slippers :J
Production total
thous pairs
Shoes, sandals, and play slices, except athletic
thous pa*rs
Slippers
do
Athletic
do
Other footwear
do
Exports
do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt index, 1957-59=100
Women's oxfords, elk side upper, Goodyear
welt
index, 1957-59—100
Women's pumps, low-medium quality do
629 095 646 897
531 914
87 359
6,828
2, 994
536 583
100 633
6 576
2 838
1.2 533
2 737
50 802
49 034
52 534
49 890
53 812
46 302
48, 744
40 220 41 930 45 571 42 463 44 665 38 466
9*494
6*311 6 158 6 723 8 351 7,088
532
543
577
585
548
634
172
163
273
228
250
162
237
174
164
230
182
157
39 552
8,364
613
215
39 777
8,504
'> 5 8 3
160
34, 027
6,444
342
118
162
191
162
1
40 356 43 061
T
9, 445 9,871
617
555
182
189
207
212
179
111 0
120 9
123.5
123 5
123.5
123 5
123.5
121. 5
121.5
121. 5
121.5
121. 5
122.0
124.5
107 3
113 0
111 0
121.2
111 4
122 7
111 4
122 4
111 4
122. 9
111 4
324 5
111 4
124. 7
113 7
124 7
113.7
124.4
113.7
125.2
113.7
124, 9
113. 7
123.9
113.7
125.5
113.7
129.5
207
LUMBER AND PRODUCTS
I
LUMBER—ALL TYPES
National Forest Products Association :o"
Production, total . _ _ . mil. bd. ft
Hardwoods
_
do
Softwoods
do
36, 626
7,467
29, 159
36, 433
7,563
28 870
2S699
617
2,084
2,526
529
1 998
2 356
'554
1 982
2 671
560
2 111
3 161
610
2 551
2 900
648
2 252
3,039
628
2 411
2, 976
621
2,355
2, 654
578
2, 076
3,124
594
2,530
2,970
605
2 365
3,066
613
2,453
2,864
564
2 300
37, 663
8,232
29,431
36, 662
8 075
28, 587
2,651
654
1,998
2, 591
598
1,993
2 577 2,736
615
650
1 927 2 121
3 112
678
2 434
2 954
623
2 331
2,987
571
2,416
2,961
563
2,398
2,773
529
2,244
3,137
581
2,556
3,043
613
2,430
3, 025
605
2, 425
2, 853
611
2 242
5,704
1 156
4 548
5,775
1 127
4 648
5,787
1 132
4 655
5,775
1 127
4 648
5 810
1 106
4 704
5,880
1 125
4*755
5 931
1 127
4 804
5, 935
1 186
4 749
5,968
1 215
4" 753
6,013 5,909
1 300 1,374
4,713 4,535
5,902
5,857
1 399 1 414
4 503 4 443
5,872
1 441
4 431
5, 907
1 426
4 481
1
962
5, 163
1,009
5,120
75
318
70
307
76
300
67
339
87
502
95
419
98
432
131
496
89
418
100
598
90
431
103
415
82
380
8,950
621
8,480
486
638
422
700
486
678
568
603
602
668
600
657
589
677
562
704
567
644
606
708
597
595
528
624
502
660
505
do
do
do_ _ _
8 913
8 936
1, 054
8 601
8 615
1,026
592
593
1,103
551
617
1,026
6n
596
1,057
612
568
1,101
739
670
1,170
870
668
1,185
729
704
1,210
656
699
1,167
539
605
1,084
716
716
1,084
634
665
1,053
683
649
1,045
662
658
1, 049
Exports, total sawmill products.
.do. _
Sawed timber
_
do
Boards-;' planks, scantlings, etc
.
do__.
Prices, wholesale:
Dimension, construction, dried, 1" x 4", R. L.
I p e r M b d . ft..
Flooring, C and better, F, G., 1" x 4", R. L.
$perMbd.ft__
M45
i in
1334
401
110
290
26
10
16
22
4
17
34
10
24
27
8
19
31
9
22
35
10
25
37
9
28
48
18
30
27
7
21
30
4
26
32
11
21
32
g
23
24
9
15
82.40
83.24
82.82
86.09
90.71
89.63
172. 63 172. 05
170. 86
170.86
169. 30
168.63
Shipments, total.-.— ------- „_. _
Hardwoods
*
Softwoods
__ _ __
_.do
do
do
Stocks (gross) , mill, end of period, total
Hardwoods
Softwoods
Exports, total sawmill products
Imports, total sawmill products. __-..__.
SOFTWOODS
Douglas fir:
Orders, new...— __._ „
Orders, unfilled, end of period
do .-.
do
do
_ do
do_ _
...mil. bd. ft._
do
Production
Shipments
Stocks (gross) , mill, end of period. -
82.16
85.62
79.69
79.98
83.94
80.91
84.06
82.96
156. 85
165.87
169. 69
169. 69
169. 11
170. 31
171. 47
17L 47
6,988
366
6 419
274
468
277
433
274
487
288
524
310
582
294
540
291
566
292
575
294
519
283
637
316
589
315
599
294
572
277
Production...,.,
do
6,628
Shipments
do
6 903
Stocks (gross) , mill and concentration yards, end
of period
__
mil. bd. ft
1 087
Exports, total sawmill products
M bd. ft__ 100, 581
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1957-59=100.
94.3
Flooring, B and better, F. G., I" x 4", 8. L.
1957-59=10097.1
6 854
6 511
527
485
507
436
514
473
510
502
605
598
526
543
588
565
583
573
517
530
586
604
584
590
592
620
610
589
1 230
99, 202
1 159
5,688
1 230
7,855
1 271
6,566
1 279 1,286
7,042 8,329
1 269
6,425
1 292
8,502
1 302 1 289
7,026 5,989
1 271
6,496
1 265
6^220
1 237
8,795
1 ?58
8,817
Southern pine:
Orders, new........
mil. bd ft
Orders, unfilled, end of period......_-_----_-do
Western pine:
Orders, new
.
Orders, unfilled, end of period— ._
105.1
104.2
102.4
101.0
101.0
101.6
101.4
102.2
103.1
103.6
103.7
105.0
105.2
106.2
107. 7
107.2
106.2
105.8
105.8
105.8
105.1
105.1
105.2
105.6
106.4
106.7
920
525
955
510
898
479
904
484
793
504
824
890
465
973
970
1 468
911
929
1 450
923
899
1 474
795
773
1 496
mil. bd. ft._
._ do _
10,445
535
10, 295
427
743
402
773
427
732
476
865
501
904
503
871
511
884
507
845
495
Production. „• _ _
do
Shipments
__ _ .
do
Stocks (gross) , mill, end of period
-_do_-_
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over)
$ per M bd. ft—
10 296
10, 373
1,732
-10 337
10, 403
1,666
739
726
1,667
746
747
i 666
652
683
1 635
770
841
1,564
947
902
1,609
820
863
1, 566
847
888
1 526
862
857
1 531
67.42
69.39
64,87
64.01
65.88
66.40
69.55
73.32
74.16
73.87
73.83
73.12
73.18
74.39
31.2
11.1
29 0
30 2
3.1
3L2
16.3
25.1
26 7
1.8
2.6
16.7
2.2
20
1.7
1,8
16.3
21
20
1.8
1.7
16.2
19
19
1.9
2.2
16.7
1.8
18
2.0
3.0
17.5
22
21
2.2
3.1
18.0
2.1
22
2.2
2.3
17.2
25
24
2.3
2.6
17.4
24
24
2.3
2.2
17.4
24
20
2.5
2.2
17.0
29
29
2.9
1.2
16.4
25
2\
3.3
2.1
16.6
24
25
3.0
18
15.8
27
24
3.5
818 4
64.3
778. 7
783. 3
35.4
618 1
26.0
685.6
654.4
58,3
38 5
25.4
44.3
40.3
55.6
40 2
26.0
41 6
38 4
58.3
45 9
26.7
44 0
45.2
57.1
48 3
31.7
42.4
43.0
56.4
61 1
39 4
51 6
53 4
53.9
39 4
34.8
46 4
44,0
55.9
43 1
31 8
49 9
46 5
60 3
45 3
28,4
47 2
47 Q
61 4
42 2
28 7
38 6
41 9
58 0
61 1
33 8
52 0
56 1
54 0
43 2
28 0
' 47 4
49 0
52 3
41 1
23 9
49 3
45 8
54 7
21
45
42
^8
1
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new..
Orders, unfilled, end of period
Production..
Shipments
Stocks (gross) , mill, end of period
Oak:
Orders, new
Orders,^ unfilled, end of period
Production....
Shipments
Stocks (gross) , mill, end of period
r
mil, bd. ftdo
do..
do
do_ - _
do
do
do
do
do
Revised.
» Preliminary,
i See note "O" for p. 8-21.
{Revisions for 1964-65 are shown in Bd. of the Census report M31A(65)-13; those for Jan.June 1966 will be shown later.
d"Formerly National Lumber Manufacturers Association.
4.0 0
9
4
1
i
FOOTNOTE FOR RAW STEEL, P. S-32.
AEffective Jan. 1967, the term raw steel has been substituted for ingots and steel for castings;
raw steel is defined as steel in the first solid state after melting, suitable for further processing
or sale, including ingots, steel castings, and continuous- or pressure-cast blooms, billets,
slabs, or other product forms. Current data for raw steel are comparable with the ingots
series.
SURVEY OF CURRENT BUSINESS
S-32
1965
Unless otherwise slated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
Annual
1967
1966
Nov.
January 1968
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
METALS AND MANUFACTURES
1
IRON AND STEEL
Exports:
Steel mill products
thous. sh. tons__
Scrap
do
Pigiron_____
'
do
i 2, 496
i 6, 170
128
1,724
5,857
12
151
501
()
184
472
3
205
491
()
190
544
()
162
776
(*>
160
641
1
137
805
1
122
811
(2)
103
716
(2)
118
657
5
106
779
(2)
129
610
(2)
128
451
(2)
Imports:
Steel mil] products
Scrap . -_
Pig iron
10,383
235
916
10,753
464
1,252
1,151
28
166
770
21
43
782
31
44
744
12
46
882
24
37
828
16
41
1,030
26
63
963
27
41
965
22
49
985
22
62
956
29
22
999
21
57
1, 308
28
71
90, 534
55, 213
35, 320
90, 359
7,638
92, 070
55, 463
36, 606
91, 584
8, 193
7, 508 ' 7,272
4,545 4,480
2,963 2,792
7, 112
7,507
8,034 8,193
7,168
4,466
2,702
7,254
8, 102
6,604
4,142
2,462
6,904
7,798
7,519
4,610
2,909
7,492
7,826
7,473
4,323
3, 150
7,062
7,835
7,710
4,451
3,259
7,290
7,770
7,317
4,198
3,119
6,784
7,854
6,477
3,803
2, 674
6,058
7,861
7,409
4,351
3,058
7,009
7,871
33.36
35.00
29.95
31.00
28.64
27.00
27.88
27.00
27.50
27.38
27.00
28.53
27.00
26.98
26.50
26.79
26.00
27.23
26.00
27.18 , 27.59
27.00
26.00
28.28
27.00
26.55
26.00
Iron ore (operations in all U.S. districts):
Mine production..
thous. Ig. tons__ 87, 420
Shipments from mines
do
385,331
Imports
do
45, 105
90,704
90,583
46,259
5,176
6,769
5,158
5,085
2,845
2,811
4,773
1,869
2,864
4,576
1,772
2,049
5,049
1,778
1,712
6,277
5,494
2,629
9,039
11,119
4,582
9,419
10, 998
5,273
9,526
11,373
4,204
9,697
10, 631
5,377
8,875
9,816
3, 500
7,367
8,714
4,946
4,377
121, 964
125, 143
17,085
128, 225
127, 694
7,779
11,490
10, 257
501
6,691
10,275
367
3,400
10, 203
252
3,391
9,370
366
3,753
10,479
346
6,988
9,816
736
14,349
10, 015
626
15, 240
8,853
585
15, 037
9,222
739
14,373
9,456
337
12,627
9,562
524
12,631
10,307
674
10, 651
10, 479
417
do
do
___ do
do
69, 158
12, 667
53,997
2,494
70, 038
12, 673
54, 658
2, 707
71,494
10,434
58, 242
2,818
70,038
12,673
54,658
2,707
66, 280
15, 793
47,843
2,644
63, 055
18, 637
41, 864
2,554
59,349
21,908
35, 138
2,303
57,141
22,515
32, 311
2,315
59, 242
20, 435
36,645
2,162
64,069
18,856
43, 032
2,181
68,203
17, 042
48,847
2,314
72,375
16, 103
53,764
2,508
74, 727
15, 162
56,829
2,736
75,903
13, 815
59, 153
2, 935
59, 325
3,009
do
1,272
1,293
82
97
124
134
112
60
61
85
60
69
121
66
96
7,470
7,384
7,350
7,293
7,374
7,355
6,804
6,853
7,587
7, 555
7,215
7,117
7,321
7,288
6,639
6,605
6,696
6,678
6,951
7,102
7,055
7,530
7,626
2,788
2,962
3,036
2,995
3,066
3,161
3,224
3,299
3,354
3,204
62.70
63.00
63.50
62. 70
63.00
63.50
62.70
63.00
63.50
62. 70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63. 50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
964
1,268
711
962
1,214
669
940
1,220
636
945
1,113
606
927
1,246
675
896
1,180
653
919
1, 262
698
896
1,256
709
882
934
581
896
1,240
747
'897
' 1, 169
703
913
1,232
745
193
92
59
182
89
56
161
90
54
147
85
54
140
95
60
134
81
48
133
93
55
131
88
53
132
64
41
137
85
51
132
89
51
122
95
49
10,887
136.4
10, 435
126.5
10,632
128.9
10, 041
134.8
10,963
132.9
10, 349
129.6
10, 577
128.2
9,576
119.9
9,620
116.6
10, 300
124. 8
10,438
130.7
11,171
135.4
619
176
147
590
179
148
557
171
145
510
165
139
454
189
159
404
162
136
373
165
139
342
168
142
328
124
105
317
138
113
319
138
'116
303
143
118
7,239
346
539
708
141
6,846
364
543
667
144
7,292
348
534
701
137
6,531
360
508
668
144
7,562
403
591
784
169
6,763
326
536
665
154
7,247
316
538
667
147
7,029
291
481
660
125
6,221
264
448
574
95
7,169
327
492
645
98
6,700
329
494
597
78
7,181
363
511
640
94
7,310
371
518
691
88
1,089
650
267
143
722
270
589
2,432
686
1, 085
1, 106
662
279
156
897
275
564
2,737
796
1,238
1,093
637
297
149
908
280
601
2, 590
773
1,111
958
560
278
113
736
229
541
2,377
695
1,067
1, 124
663
312
142
820
276
596
2,790
793
1,267
1,024
617
288
112
718
267
685
2,508
726
1,121
1,108
650
311
137
710
270
560
2,924
841
1, 301
1,136
702
281
144
725
253
333
3,196
885
1,508
9.0
5.3
5.7
5.6
8.7
5.1
5.4
5.3
9.1
4.5
4.1
5.2
9.1
5.3
5.3
5.4
8.8
5.1
5.4
'5.3
9.1
'5.7
75.4
^5.3
*9.0
P5.6
*>5.7
10.7
9.0
10.4
8.7
10.8
8.7
10.7
8.7
11.1
8.8
11.6 pll.8
8.8 • 1 - 9 . 2
do
do
do
2
2
2
Iron and Steel Scrap
Home scrap produced
do
Consumption total
Stocks consumers' end of period
do
do
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ Der If? ton
Pittsburgh district
do
Ore
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants..
do
Consumption at iron and steel plants
do
Exports
do
Stocks, total, end of period
At mines
_ _ __.
At furnace yards
At U S. docks
M!anganese (mn content) general imports
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons..- 388,185 3 91, 500
Consumption
do
88, 945
91, 770
Stocks (consumers' and suppliers'), end of period
2,329
2, 962
Prices:
Composite
_ _ _ _ . $ per Ig. ton,_
62. 74
62.75
Basic (furnace)
do
63.00
63.00
Foundry No 2 Northern
do
63.50
63.50
Castings, gray iron:
Orders, unfilled, for sale, end of period
882
thous. sh. tons,962
15,713 15, 716
Shipments, totaldo
For sale
do
9,171
8,927
Castings, malleable iron:
Orders, unfilled, for sale, end of period
182
thous. sh.tons_.
174
Shipments, total
do
1,136
1,133
For sale
do
648
688
62.70
Steel, Raw, Semifinished, and Finished
Steel (raw): A
Production
thous. sh. tons__ 3131, 462 3134,101
135.3
Index
daily average 1957 59 — 100
138.1
Steel castings:
Orders, unfilled, for sale, end of period
436
590
thous. sh. tons__
Shipments, total.
__
do
1,961
2,155
1,570
For sale, total
.
do__
1,792
Steel products, net shipments :
Total (all grades)
____
do
Semifinished products
_ _ _ _
do
Structural shapes (heavy), steel piling.. __do
Plates
do
Rails and accessories
do
. 392,666 389,995
3,806
4, 528
6, 764
6,798
9,764
9,103
1,523
1,776
Bars and tool steel, total
do. _
Bars: Hot rolled (incl. light shapes)
do
Reinforcing.. _
do
Cold
finished..
__do
Pipe and tubing.........
_._
do
Wire and wire products. _
do
Tin mill products. __ _ _ _ _ _ ___ _ _ _ do _.
Sheets and strip (incl. electrical), total. _ _ d o _ _ _ _
Sheets' Hot rolled
do
Cold rolled
do
Steel mill products, inventories, end of period:
Consumers' (manufacturers only). .mil. sh. tons__
Receipts during period
___.____do
Consumption during period
do
Service centers (warehouses)
_ _ _ do
Producing mills:
In process (ingots semifinished etc )
do
Finished (sheets, plates, bars, pipe, etc.) -do
14.488
9.344
3,150
1,877
8.689
3,484
6, 659
36, 733
10, 630
16,571
14, 523
9,126
•3, 276
1,999
9,233
3,495
5,828
35,468
10, 137
15, 972
1,239
780
276
172
640
256
402
2,968
848
1, 356
1,148
746
235
157
587
241
427
2,724
781
1,240
1,142
741
219
170
801
247
555
2,827
799
1,299
1,059
673
215
160
557
249
510
2,476
710
1,089
1, 212
755
268
177
705
288
638
2, 772
794
1,208
12.9
68.7
67.0
4.5
10.1
65.1
67.9
5.4
10.4
5.3
5.5
5.0
10.1
5.0
5.3
5.4
10.1
5.3
5.3
5. 5
10.0
4.8
4.9
5.3
9.9
5.4
5.5
5.3
8.5
7.9
9.8
9.2
9.8
8.8
9.8
9,2
9.9
9.1
10.1
9.3
10.0
9.3
.0848
.0842
.0848
.0848
.0837
Steel (carbon), finished, composite price5__$ per lb_.
'Revised.
» Preliminary.
* See note "O" for p. S-21.
2
Less than 500 tons.
a Revised total; monthly revisions are not available.
ASee similar note at bottom of p. S-31.
^Beginning Jan. 1964, the composite reflects substantial changes in products and weights
9.4
4.9
5.4
5.7. •
10.5
9.1
11,299
141.5
.0855 .0860
.0854
.0852
.0848
.0848
.0848
.0848
.0848
.0848
.0848
used and is not comparable with earlier data. The new composite price is based on AISI
net shipments of carbon steel and is the average price of all finished carbon steel products
(except rails and wire products) weighted by tonnage. Prices used are base prices at Pittsburgh; the average includes an additional 25% for "extra" charges but doesnot include freight.
January 1968
S-33
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
1966
Nov.
1967
Jan.
Dec.
Feb.
Mar.
May
Apr.
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products
Fabricated structural steel:
Orders, new (net)
_ __
Shipments
Backlog, end of period _ .
thous. sh. tons
do
do
Cans (tinplate), shipments (metal consumed),
total for sale and own useO..
thous. sh. tons_
4 geg
4 321
3 151
5 059
4 664
3 141
345
374
307
341
489
AAK
472
390
401
363
367
328
329
621
449
336
368
411
399
3 141
3 251
325
331
3 234
3 078
3 391
3 276
3 1%
3 154
3 135
3 277
3 230
3 279
4,858
5, 077
353
397
334
335
412
417
446
475
450
543
521
468
2, 754. 5
3 769. d
2,968.4
808.0
251 0
72 o
262 1
65 0
265 2
67.0
243 6
62 0
274.4
72.0
268 4
87 0
278 9
65.0
270 1
63 0
277 0
58.0
277 6
64 0
270. 4
527 3
65 4
1203.6
521 8
119 1
188.2
33 6
10 0
16 5
40 7
6 8
21 8
36 6
77
20.5
32 7
65
24 9
41 1
68
24.0
44 5
53
21 9
39 0
4 5
19 6
37 9
47
18 3
26 4
36
20 3
30 7
34
12 3
43 0
31
12.8
35 3
31
11.0
37 7
42
12.4
64.8
2451
718
2450
66 8
2450
74.8
2450
76.6
2474
69 1
2*00
69.8
2500
83 1
2500
93 3
2500
109 8
2500
142 0
2500
170 6
187.6
2500
2500
2500
739 8
239 2
128 4
767.7
r 559 8
241 8
136 4
r
745. 8
743 3
527 4 r 534 3
r
243 1
°27 5
115 2
133 6
760,8
560 6
255 5
121.6
746.2
537 2
245 2
21.8
16 0
404
000
AM
478
358
3 271
NONFERRO US METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons_
Recovery from scrap (aluminum content).. do
Imports (general):
Metal and alloys, crudePlates, sheets, etc
Exports, metal and alloys, crude
do
do
_ do
Stocks, primary (at reduction plants), end of
period
thous. sh. tons..
Price, primary ingot, 99.5% min
$ per Ib
Aluminum shipments:
Ingot and mill products (net)
Mill products, total
Plate and sheet (excl. foil)
Castings^
mil. Ib
do
do
do
8,016.7
5,679. 4
2,609. 8
1,409.0
8,799.2
6459 1
2 942. 3
1 633 7
Copper:
Production:
Mine, recoverable copper
thous. sh. tons.. 1, 351. 7 1>429.2
Refinery, primary
do
1 711 8 1 711.0
From domestic ores . . . _
do
1, 335. 7 1, 353. 1
From foreign ores
._
do
376 1
357 9
Secondary, recovered as refined
. _do
429 4
472.0
Imports (general):
Refined, unrefined, scrap (copper cont.)..do
Refined
.
do
Exports:
Refined and scrap
do
Refined
do
699
495
216
142
2
°
7
1
713.5
727.6
482 8 r 495 4
218 1
224 9
134 4
145 4
r 519 \
730
r 524.
243
128
4
9
3
4
752 1
751.0
658 3
r 5(55 7 r 549 2 r 486 9
254 2
242 5
216 9
135 8
133 3
98 6
OKftft
120.2
149 2
117 6
31 6
37 2
120.4
161 1
129 0
32 1
35 7
122.4
148 9
122 3
26 6
40 9
117 8
138 6
111 5
27 1
33 1
132.9
151.8
124,9
26 9
41.0
131.8
138 3
114 9
23 4
42 3
130.4
160 0
129 8
30 2
42 7
127.0
161 9
130 0
31 9
43 2
66.4
88 8
70 3
18 6
27 9
29 7
42 9
27 3
15 6
20*5
••22.4
30 0
83
21 7
22 8
23.5
37 8
4 5
33 2
29 6
27 4
523.8
137 4
596.7
162 7
75.2
28 0
57.5
23 6
43.1
20 3
58.4
1Q 8
42.6
13 3
o-i o
45.4
55.2
18 2
59.3
22 5
39.9
18 2
36.6
17 9
57.8
26 9
61.4
45 0
79.9
58 1
i 422. 1
* 325 0
334.7
273 1
14 0
10 3
14 9
10 3
21 7
15 7
22 4
ifi n
32.7
24 9
27 7
o-i c
20 6
16 0
32 9
28 7
24 2
18 1
11 3
4 3
12 5
4 9
12 1
4 2
13 3
29
do
do
do
$ per lb_
2, 035. 0
174.0
113. 0
.3502
2 382 0
240.0
174 0
.3617
210 2
194 1
240.0
174 0
.3624
204 5
233. 9
169 4
.3787
197 8
227 1
160 6
.3810
217.9
242.3
177 5
.3808
187 0
240 8
193 6
.3817
191 7
270*7
205 6
. 3812
192 2
289 6
223 6
.3808
102 2
318 4
247 8
.3830
142 5
279 2
210 3
.3909
Copper-base mill and foundry products, shipments
(quarterly total) : f
Copper mill (brass mill) products.. . mil. Ib
Copper wire mill products (copper cont.)___do_ _
Brass and bronze foundry products f
do_ _
2,977
2,177
3889
Lead: A
Production:
Mine, recoverable lead
.thous. sh. tons
Recovered from scrap (lead cont.)
do, .
301.1
575.8
Consumption, refined (by mills, etc.)
Stocks, refined, end of period© .
Fabricators'.
Price, bars, electrolytic (N.Y.)
Imports (general), ore (lead cont.), metal...do_
C onsumption, total
do
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
thous. sh. tonsRefiners' (primary), refined and antimonial
(lead content)
thous. sh. tonsConsumers' cf
do
Scrap (lead-base, purchased), all smelters
thous. sh. tons__
Price, common grade (N.Y.)
$ per lb_.
Tin:
Imports (for consumption) :
Ore (tin content)
Bars, pigs, etc
Recovery from scrap, total (tin cont.)
As metal
Consumption, pig, total
Primary
:
3
.3699
745
644
241
809
646
248
3, 326
2,494
1,007
J>122 6
» 185. 1
P 124 1
605
529
232
649
608
249
3 327. 4
550.4
26,8
49.5
26.8
44.2
25.3
45.4
25 3
42 2
29.4
48.0
29.0
43 3
31.5
45 5
27.4
40 9
24.2
39 2
'24.5
48 7
eyn o
46 9
24.3
48.6
344.4
431.3
1, 241. 5 *1,323. 9
33.3
117 0
47.0
113.1
45.3
106 6
42 2
97 3
46.6
110. 9
36 2
104 9
34 6
108 8
54 0
103 8
38 2
85 4
43 6
102 6
30 3
100 9
41.2
109 8
42.5
106.8
142.2
140. 3
142.2
157.9
154.8
154.8
154. 7
159.1
158.8
165. 0
171.2
169 8
173.4
25.2
109.2
23.4
85.4
25.3
88 5
23.4
85 4
24.9
92 6
29.7
90 2
29.5
98 6
32.2
97 3
33.7
93 5
31.6
105 3
31.5
114 2
28.2
112 8
22.7
108 5
19.5
106 0
54.8
.1600
48,3
. 1512
46.8
.1400
48.3
.1400
45.9
.1400
46.8
.1400
46.3
.1400
49.3
. 1400
50.4
.1400
50.8
.1400
51.3
.1400
49.9
.1400
46.8
.1400
47.9
.1400
.1400
lg. tons..
4,326
do
40, 814
do
* 825, 076
do
3, 401
do
84, Oil
do
58,550
24,372
41, 624
25, 318
3,315
85, 486
60 209
312
3 967
2,040
208
3 418
1,910
17
3 662
1,910
393
2 883
1 945
122
4 268
1, 940
32
5 350
1,885
179
3 933
1,955
0
3 328
2 010
0
4 359
1 620
0
964
' 302 4 onr.
1 775
1 530
1,013
4 416
68
5 343
6,840
4,715
6,595
4 535
7 000
5 040
7 260
5 275
6 685
4 740
7 570
5 350
7 065
5 125
275
5 720
4 875
5 995
4 370
305
6 220
4 690
6 025
4 530
6 150
4 545
65
240
19 855
1.5250
18 607
1.5101
255
275
265
265
Exports, incl. reexports (metal)
do
Stocks, pig (industrial), end of period §
do
Price, pig, Straits (N.Y.), prompt
$ perlb..
i 3, 064
27, 661
1. 7817
3,069
22,687
1.6402
23, 105
1. 5422
22, 687
1. 5399
22, 400
1. 5388
20 665
1. 5438
Zinc:A
Mine production, recoverable zinc
thous. sh. tons..
Imports (general):
Ores (zinc content)
do
Metal (slab, blocks)
._
do
611.2
572.6
42.9
42.5
43.6
429. 4
153 0
521. 3
277 4
48.0
26 7
56 0
21 3
47 9
27 2
s 126. 7
3 269. 6
10 3
19.3
9.4
19.6
91
19.1
Consumption (recoverable zinc content):
Ores
Scrap, all types
•__
do
do
s 122. 9
3 265. 1
116
249
737
'Revised.
v Preliminary.
1 See note "O" for p. S-21,
2 Total for 11 months.
3
Revised total; monthly revisions are not available.
©Data reflect changes in conversion factor effective Jan. 1965 and Jan. 1966; revisions for
1965-July 1966 are available.
^Effective 1966, estimates are derived from a new sample
and are not directly comparable with earlier data; see note in Feb. 1967 SUEVEY.
eBeginning 1966, total includes copper not previously covered; see note in Feb. 1967 SURVEY
133 5 P 134 9
'• 238. 1 p 204. 4
r 179 5 pl39 5
422
260
235
270
209
270
257
280
165
2500
320
39
30
75
19 250
1.5199
1.5501
20 500
1. 5371
20 825
1. 5333
20 265
1. 5311
20 560
1. 5494
20 975
1. 5439
43.7
50.1
48.7
49.9
47.6
44.3
48.7
43.2
42,1
51.2
11 1
48 6
26 9
46 8
14 9
56 9
15 4
64 0
17 0
45 2
18 3
37 6
20 6
28 3
29 8
11 9
87
18.9
10 2
19.2
9 3
18.8
88
19.0
8 0
18.5
78
17.7
86
18.4
is! 2
83
86
18*6
.1400
1. 5259
44 8
no n
cfConsumers' and secondary smelters' lead stocks in refinery shapes and in copper-base
scrap.
§Stocks reflect surplus tin made available to industry by GSA.
ABeginning Aug. 1964, data reflect sales from the Government stockpile.
fRevised series. Annual data back to 1959, adjusted to recent benchmarks, will be shown
later.
S-34
January 1968
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1967
1966
Annual
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug. Sepi.
Oct.
Nov.
Dec.
METALS AND MANUFACTURES— Continued
NONFERROUS METALS AND PROD.— Con.
Zinc— Continued
Slab zincrA
Production (primary smelter), from domestic
and foreign ores
thous. sh. tons_- 1994.4 1,038.1
Secondary (redistilled) production
do
183.6
72.4
Consumption fabricators'
do
11,354. 1 1,410.2
Exports
do
1.4
5.9
Stocks, end of period:
Producers', at smelter CAZI)cf
- do
6 28. 6
64.8
Consumers'
do
151.9
122.7
Price, Prime Western (East St. Louis) .$ per lb- . 1450
.1450
91.1
6.8
119.8
.1
93,4
5.7
110.1
.2
95.1
5.7
107.8
.1
84.1
5.4
104. 8
(<)
89.2
5.4
105.8
.3
86.0
5.7
97.3
.1
87.6
5.4
100.4
(4)
83.0
4.9
99.8
10.6
73.8
4.8
83.7
4.3
70.2
5.1
102.9
1.1
68.3
5.8
99.5
.1
65.6
7.0
108.6
.1
(*)
113.4
97.3
.1356
105,6
96.0
.1355
117,9
101.2
.1350
116.7
93.0
.1350
109.3
••88.7
.1350
94.5
89.2
.1350
89.0
84.3
.1350
.1350
52.9
126.9
.1450
64.8
122. 7
.1450
78.1
115.5
.1450
83.8
105.2
.1450
87.9
108.5
.1450
103.7
103.7
.1450
7.5
790.4
.6
7.3
.4
.5
6.5
.6
. 5.5
.6
5.9
.3
5.8
.5
5.7
.7
6.9
.4
5.6
.5
8.8
.8
9.6
.7
9.8
615.6
40.4
61.4
43.7
46.9
40.4
46.8
43. 4
40.5
40.4
46.6
39.1
30.3
43.3
46.2
40,4
55.6
42 .4
35.7
42.6
69.2
44.0
'71.5
36.8
74.9
29.7
2,153.7
234.1
181.9
16.4
164.3
15.6
138.7
12.3
163.2
13.5
206.9
16.1
16L3
13.6
182.4
15.9
194.5
18.6
133.5
13.8
185.4 ' 197. 6
21.2
18.4
195, 5
18.9
1, 422. 3
997.7
148.8
104.1
75.1
51.6
56.1
33.2
74.1
44.6
74.3
49.4
69.6
44.7
98.5
68.2
101. 2
81.8
115.7
85.2
157.1 '190.7
134. 7
113.4
188.0
136.4
1,334.3
1,027.4
2, 488. 9
115.2
80.0
178.5
86.4
64.5
176.4
88.1
68.3
206. 4
86. 8
66. 6
203.7
94.0
73,6
229.0
90.1
72.8
224.6
98.7
78.7
199.2
107.0
81.3
203.3
113.1
89.2
176.1
144,7 ' 172. 5
126.6
108.5
225.5 214.7
169.6
127.4
233.3
216.6
195.8
320. 6
523. 5
255.0
323.9
213.1
207.0
319.8
536.0
8.9
.8
4.1
18.2
L2
5.0
13.4
1.4
8.3
10.6
1.0
5.8
9.7
1.8
4.0
14.1
1.2
8.4
10.9
1.0
7.1
14.3
.5
9.8
10.7
.5
3.6
5.5
1.1
1.8
177,2
176.6
231. 6
165.3
205.8
173.4
219.3
201.0
190.8
845
1,067
903
1,058
3,292
2,961
.HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, shipments:
Oast-iron
mil sq ft radiation
U1.6
Nonferrous
do
115.3
Oil burners:
Shipments
thous
1564.4
Stocks end of period
do
642.0
Ranges, gas, domestic cooking (incl. free-standing,
set-in, high-oven ranges, and built-in oven
broilers) shipments
thous 12,115.9
304. 8
Top burner sections (4-burnerequiv), snip™..do-._.
i 1,415.2
Stoves, domestic heating, shipments, total §-- do
994.0
Gas
do
Warm-air furnaces (forced-air and gravity air-flow),
1,566.6
shipments total §
thous
1,228.7
Gas
do
23 816. 4
Water heaters, gas, shipments
___do
MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, q.trly.:
Fans and blowers, new orders
. _ _ _ ..mil. $ Unit-heater group, new orders
;
-do
Foundry equipment (new), new orders, net
mo. avg. shipments 1957-59=100 Furnaces (industrial) and ovens, etc., new orders
(domestic), net
_:
.mil. $__
Electric processing
do
Fuel-fired (exc for hot rolling steel)
do
Material handling equipment (industrial) :
Orders (new), index, seas, adj ©---- 1957-59=100-Industrial trucks (electric), shipments:
Hand (motorized)..
. . _ _ number..
Rider-type
.. _ • _ . _ do
Industrial trucks and tractors (internal combustion
engines) shipments
number
Machine tools:
Metal cutting tools:
Orders tip.w (net) totfO
Domestic
.
Shipments, total.-- _._•
Domestic
Metal forming tools:
Orders, new (net), total..
Domestic..-.
208. 6
66. 9
232.4
67.9
322.5
279.9
219.5
152.8
21.6
75.2
179.3
23.9
95,9
9.0
1.9
4.1
10.7
1.3
2.9
186.3
207.2
204.2
212.8
54.2
17.2
317.1
1,024
1,374
997
1, 032
1, 079
1,014
1,136
995
844
885
789
780
3,417
3,985
3,552
3,748
3,938
3,283
3,284
3,665
88.50
81.10
86.45
77.80
10.5
95.35
83.65
94.20
84.75
10.5
99.10
87.70
124. 45
108.95
10.2
85.40
77. 65
97.10
86.80
9.9
94.90
85-35
110. 90
100. 65
9.7
104. 10
93. 95
121. 70
108. 30
9.3
88.25
77.90
96.15
88.80
9.2
108.60
99.15
87.25
78.45
9.5
74.00
72.55
69.85 '67.35
114. 80 ' 99. 60
102. 10 '89.85
9.0
'8.7
74.45
64.80
107.95
95.40
8.5
16.45
13. 90
28.75
27.70
8.4
13.80
13.70
25.75
24.10
7.8
17. 50
15.65
29.15
26.00
7.6
14,40
13.65
30.60
28.40
7.1
18.05
14.65
28.85
27.70
6.8
15.60
13.20
28.85
26.50
6.5
20.45
17.15
33.25
27.00
5.9
18.10
13. 60
21.20
18.70
5.9
13.95
13.30
20.55
17.65
5.7
15.65 '17.45
13.95 «• 15. 80
22.80 '29.40
21.05 ' 26. 70
'5.3
5.6
16.15
14.70
24.95
22.45
4.8
416.3
114.5
30 5
230.4
329.2
235.8
341.2
241.7
238.8
234.5
224.2
233.8
384.3
386.5
3103.1 a 103. 8
293.8
296.4
250.0
258.6
2 76. 5
826
886
903
976
4,202
3,465
113.10
100. 80
127. 05
113. 40
10.9
10, 390
12, 404
1, 031
1, 147
1,029
1,402
41,746
47, 043
4, 285
tnil $ 1,176.00 I, 531. 30 103. 50
do-___ 1, 054. 40 1,392,90 93.20
do_ _ _ 958. 60 1, 145. 35 96.60
do
830.55 1,028.95 85.20
7.6
10.9
11.1
mil. $__ 319.30
do_ _ _ 297-75
287.85
Domestic.. _„
_ _ _ _ _ _do
259. 80
9.9
Estimated backlog, end of period
- .months- _
321. 60
291. 34
331. 30
312. 70
8.4
Other machinery and equip., qtrly. shipments:
Construction machinery (selected types), total 9
mil. $__ 11,722,4 1,913.5
Tractors tracklaying total
do
488.9
428. 3
Tractors, wheel (con/off -highway)
do
162.3
149. 4
Tractor shovel loaders (integral units only),
wheel and tracklaying types
mil $
419.0
i 399. 1
Tractors, wheel (excl. garden and contractors'
off-highway types) ._
mil. $. - 830. 0 1, 005, 9
Farm machines and equipment (selected types),
excl. tractors
___niil. $__ 1,053.6 1, 219. 6
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), shipmentsl _. thous _. 30, 528 32,124
Household electrical appliances:
Ranges, incl. built-ins, shipments (manufacturers') domestic and exportt
thous
2,065.0 2,028.0
Refrigerators and home freezers, output
147.8
163, 0
1957-59=100Vacuum cleaners sales billed
thous 1.5, 106. 9 5, 582. 7
Washers sales (dotn. and export)
do
14,347.1 4, 406. 3
Driers (gas and electric), sales (domestic and
export)
thous 12,098.4 2,360.8
Radio sets, production©
do__-_ 24, 118
Television sets (incl. combination), prod.O--do-__- 11,028
Electron tubes and semiconductors (excl. receiving,
757.0
power, and spec, purpose tubes), sales
mil. $_
Motors and generators:
215
New orders index otrlv
1947—49 100
New orders (gross) :
Polyphase induction motors, 1-200 hp . . .mil. $. 210.1
44,6
D.C. motors and generators, 1-200 hp
do ..
24.30
22.75
28.00
26. 45
8.6
92 g
253.5
375 8
268.8
3,437
3,31-
2,747
2,179
2,302
1,872
1,897
2,070
2,396
3,133
3,246 '3,609
140.0
134. 0
151. 0
138.0
154.0
164.9
158.9
163.7
131. 7
165.1
153.0
162.8
143.9
509.5
304.6
119.0
458.8
245.3
145. 1
454.9
317.0
143.3
444.3
325.4
140.1
506.6
397.2
155.6
397.7
272.5
139.0
394.9
346.4
156.1
444.6
383.6
140.8
415. 2
357.7
106.6
489.0
440; 7
151.4
514.6
46L4
171.1
574.9
424.3
161.2
563.4
317.6
316.2
325,8
297.2
3,596
201. 6
201.9
220.4
202.2
186.2
119. 3
117.5
146.6
169.1
285.7
2,075
1,165
32,338
31,333
1,727
853
1,479
1,049
» 1,771
31,171
1,483
680
1,584 3 i, 621
3728
729
1,027
474
1,767 3 2, 574
858 3 1, 219
1868.3
69.2
69.8
63.7
60,1
64.9
56.1
239
58.3
4.9
57.7
2.8
58.2
59.1
4.5
*8.2
5.0
*9.2
4.1
59.2
2,226 32,280
2, 164
1,031 '1,022 3-1,067
47.4
62.2
60.2
62.2
58.2
57.6
3.9
57.3
3.0
S7.5
3.1
58.4
4.0
57.6
3.4
218
225
220
J
' Revised.
1 Revised total; monthly revisions are
not available.
For{month shown.
4
Data cover 5 weeks: other months. 4 weeks.
Less than 50 tons.
Excludes orders
for motors 1-20 hp.; domestic sales of this class in 1966, $127.6
mil; Nov. 1967, $8.2 mil.
6
7
Reported yearend stocks. See BUSINESS STATISTICS note.
Total for 11 months.
ASee similar note, p. S-33. ^Producers' stocks elsewhere, end of Dec. 1967, 19,600 tons.
§For revised 1965 annual data and for monthly shipments beginning Jan. 1966, certain types
8
268.3
348 7
23, 595
12, 402
5 113. 3
51.3
10.3
1.3
6.3
875
1,021
8, 202
9, 994
...
212.4
210.2
39.1
4.3
58.3
5.0
«8.4
3.6
previously classified as heating stoves are included in warm air furnaces.
©Effective
Apr. 1967 SURVEY, data revised back to 1961 to incorporate new seasonal factors.
f Revised series.
Beginning in the Aug. 1967 SURVEY, the series (compiled by the Association of Home Appliance Manufacturers) refers to manufacturers' shipments, including
exports.
f See note marked "1" bottom of p. S-35. OSee note marked "0" bottom of p. S-35.
SURVEY OF CURRENT BUSINESS
January 1968
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
S-35
196T
1966
1966
Annual
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
1,230
45
1,015
35
1,235
49
1,024
76
12. 495
12. 985
Oct.
Nov.
Dec.
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. sh. tons.- 14, 866
1851
Exports
_
-—
____-_.,-_do
Price, wholesale, chestnut, f.o.b. car at mine
$ per sh. ton
12. 979
Bituminous:
Production
_
thous. sh. tons. _ 512, 088
12. 824
533, 881
Industrial consumption and retail deliveries,
total?
- - _ thous. sh, tons. _ 459, 164
242, 729
Electric power utilities
do
Mfg and mining industries, total
_ _ do. _ 196, 732
94, 779
Coke plants (oven and beehive)
do
Retail deliveries to other consumers
do
Stocks, industrial and retail dealers', end of period,
total
- thous. sh. tons...
Electric
power utilities...
.„_ _ _ _ _ _ _ d o _
Mf0" and mining industries, total
do
Oven-coke plants
____do
Retail dealers
do_
Exports _
-..-do
Prices, wholesale:
Screenings, indust. use, f.o.b. mine
$ per sh. ton-Domestic, large sizes, f.o.b. mine
- do_ _..
859
41
1, 032
37
1,189
46
13. 475
13.475
12. 005
12. 005
12. 005
12,495
42, 390
47, 670
44,730
49,410
44, 860
36, 560 50, 470
41, 517
22, 758
16, 209
7, 258
41, 711
22,910
17,117
7,979
37,370
20,955
15, 639
7,611
38, 150
21, 543
15,845
7,836
37, 590
22, 318
14, 770
7, 327
36, 724
21,999
14, 199
7,367
2, 610
2,550
1,680
729
693
433
473
72, 951
51, 307
21, 425
9,244
70, 196
49, 583
20,439
9,364
71,231
50, 702
20, 380
9,491
74, 696
53, 702
20,846
9,829
80,209
58, 156
21,855
10, 596
85, 234
61,831
23, 175
11, 019
80, 621
60, 150
20? 240
8,774
1,103
37
829
60
13. 475
13. 475
13. 475
46, 942
48,461
47,000
486, 266
264, 202
201,490
95 892
42, 032
22, 433
17, 359
7,940
45, 376
24 602
18, 126
7 991
45, 023
24, 723
17,689
7,946
19, 048
19, 965
2, 163
2 628
77,393
53, 437
23, 603
10, 506
74,466
52, 895
21, 332
9,206
75, 534
54,409
20, 845
8,568
74, 466
52, 895
21 332
9,206
12, 941
1,145
44
766
669
35
962 ' 1, Oil
63
59
12, 985
45, 100 ••48,400
38,820 '37,130
22,922 21, 133
14,942 '•14,630
r
7,513
7,435
46, 475
40, 115
22, 528
15, 949
7, 829
42, 070
23, 364
16, 671
7,837
1,311
1, 592
1,985
86,726 '90,707
65, 089 r 68, 653
21,392 21, 825
9, 726
9,465
94, 467
70, 935
23,305
10, 611
95, 001
71, 357
23, 345
10, 914
895
353
239
280
239
219
174
149
148
228
231
245
229
227
199
i 50, 181
49, 302
4, 240
3, 175
2,622
35610
3,102
4,193
4,912
4,987
4,032-,
4, 641
3,966
4,722
4,948
4.794
6.926
4.952
6.971
5.113
7.056
5. 129
7 143
5.122
7.162
5.122
7.162
5.116
7.197
5.238
6.463
5.231
6.426
5. 224
6.417
5. 237
6. 561 1
5.233
6.596
5.272
6.681
5.242
6.856
1,442
65, 959
17, 611
5 447
1,518
126
5 504
1 573
119
5,453
1, 537
93
4,996
1,341
62
5.552
1, 523
62
5,312
1,420
59
5,394
1,545
55
5,098
1,535
47
5,105
1,605
50
5,208
1,540
53
5,174
1,529
5,412
73
5,410
2,821
2,621
3 030
2 822
3,388
3,156
232
1,474
68
3,527
3, 273
254
1,453
67
3,732
3,465
267
1,420
58
3,963
3,687
277
1,372
50
4,350
4,051
299
1,387
48
4,766
4,371
396
1,451
36
5,016
4,595
421
1,408
84
5,277
4,824
453
1,413
61
5,439
4,972
467
5,499
5,022
477
95
3,249
3,018
231
1, 489
76
51
64
1,274
2 98
280.9
90
1,780
2.98
298.3
S3
950
2 Qg
293.8
91
1,303
2.98
268.4
92
1,168
3 00
296.1
92
1, 054
3.00
282.9
91
1,243
3.00
297. 1
90
1,234
3.00
294, 6
92
1,466
3.00
310.0
94
1, 056
3. 05
309.7
94
1,133
••3.05
302.0
94
4, 435. 6
366.5
383.3
405.4
356. 5
397.5
381.2
383.4
368.2
388.4
402.4
378. 5
3,027. 8
468.7
252,8
40.0
263.8
41.6
265,6
43.5
241.5
39.3
264.9
43.2
254.3
42.6
260.0
43.3
256.3
41.5
283.9
42.7
292.5
43.3
272. 9
4.1.6
34.4
39.2
COKE
Production:
1,657
Beehive
thotis. sh. tons__
65,198
Oven (byproduct)
do
Petroleum coke §
_ _ _ _ _ _ __
d o _ ~ _ 17, 208
Stocks, end of period :
2,701
Oven-coke plants, total
do
2,445
At furnace plants
do
256
At merchant plants
do
Petroleum coke
_ _ _ _
_
do _
1,478
1834
Exports.
___-_„
do
135
3,030
2, 822
208
1,459
1,102
200
1, 459
95
208
1 459
198
947
r74
42, 090
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed _
Price at wells (Okla.-Kansas)
Runs to stills t
- Refinery operating ratio. __
number. _ 18, 761
16, 780
2.92
2.93
$ per bbl
3, 300. 8 . 3, 447. 2
.mil. bbl
91
%of capacity _ _
87
All oils, supply, demand, and stocks : J
New supply, total
mil. bbl
Production;
Crude petroleum
_ _
do
Natural-gas liquids, benzol, etc .._
do
Imports:
Crude petroleum
.
do
Refined products
_do
•4, 190. 9
2, 848. 5
441.6
r
r
452.0
448.7
447. 1
492. 0
32,0
45.9
41.1
55.2
29.2
46.4
37.6
51.9
38.2
46.2
39.9
40.2
33.6
36.9
30.1
31.8
31.5
35.2
31.5
32.6
'• 38. 1 '—11.2 ' — 31.-3
1.4
-18.4
-12. 8
33.4
12.5
5,0
21.0
18.7
23.4
403.9
374.9
410. 4
347.8
370.9
363.2
367.4
383. 7
355.2
5.7
398. 2
137.3
13.6
0
6.6
368.3
128.9
12.4
.1
6.3
403.9
152.2
9.6
.3
6.8
340. 7
145.7
5.7
0
6.9
363.9
161.1
6.2
1.8
7.0
354.4
165.5
4.3
8.5
7.7
351.2
162.7
5.5
8.2
8.1
367. 4
171.0
6.1
6.0
8.4
340. 8
152.6
7.1
Change in stocks, all oils (decrease,—)
do
—2.9
Demand, total
_
Exports:
Crude petroleum
Refined products
.- •
Domestic demand, total 9
Gasoline
_
Kerosene ._ _. _
do
4, 193. 7
4, 397. 5
»• 377. 6
r 414. 5
1.1
.1
do
1.5
.1
67,2
_do
5.7
6.0
70.9
.- ._ - . do _ 4, 125. 5 f 4, 325. 1 •• 371. 9 r 408. 4
2 1,2720. 2 l 793.4
148.0
150.3
do
_ _
do
97.6
10.7
13.0
101.1
r
(3)
3.05
797. 4
626.4
244. 4
74.7
53.0
21.5
92.9
62 9
23.0
92.5
70.5
21.2
89.1
62.8
20.1
90.2
67.7
23.7
58.3
52.7
24.1
60.4
49.8
24 .4
49.2
45 5
25.4
48.6
41.5
27.0
47.3
44 4
26.1
47.7
40.8
25.8
47.1
127 6
* 307. 1
48 9
134 1
323 9
T
r3 5
4g
35 3
3.8
4.7
35.5
3.0
3.1
30.9
3.9
5.9
30.0
3.6
78
24.1
3.8
11 9
24.3
4.1
15 5
23.6
3.4
16 3
24.2
4.0
20 3
25.0
3.9
16.7
25.8
836.3
220.3
35.9
580 2
874.5
238 4
40 4
595 7
' 905. 7 874.5
241.7
238 4
47.9
40 4
616 1
595 7
875.9
250. 6
35.6
589.6
857.5
252. 4
33.3
571.8
844.6
258.1
35.8
550. 8
878.1
266. 8
44.3
567. 0
890.5
268.8
52.7
569 0
895.6
261 6
59.3
574 6
916.5
256.2
66.0
594.3
935.3
261 6
71.7
602 0
958.6
257.3
75.9
625. 5
187.2
156.1
.3
194.2
154.3
.3
212.4
136.4
.4
221.2
146. 2
.3
216.2
142.7
,3
214.7
151.8
.3
206.9
155 5
2
197.8
159.2
.7
194.3
160 3
.6
183. 7
158 8
.7
190.5
.115
.113
.113
.115
.120
.120
.120
.120
.120
.120
.120
.110
.221
.220
.220
.216
r
2
Revised.
1 See note "Q" for p. S-21.
Beginning Jan. 1965, gasoline excludes
special naphthas; aviation gasoline represents finished grades only (alkylate excluded);
com3
mercial jet fuel4 (formerly included with kerosene) is included with jet fuel.
Less than
50,000 bbls.
Beginning Jan. 1965, data include demand for liquid refinery gases formerly
shown under petrochemical feedstocks; comparable 1964 total, 295.1 mil. bbls.
9 Includes
data not shown separately.
§Includes nonmarketable catalyst coke.
t&evisions for Jan.-Oct. 1964 will be shown
later.
.227
.227
.225
.224 •
.228
.226
.230
.226
.226
Distillate fuel oil
Residual fuel oil
Jet fuel.... .-_
Lubricants
Asphalt
Liquefied gases
___
-_
_ - -
Stocks, end of period, total.
Crude petroleum
Natural-gas liquids
Refined products
...
Refined petroleum products: J
Gasoline (incl. aviation) :
Production
Exports
....
Stocks, end of period
do
do
do
775.8
587. 0
2 219. 6
do
do
do
_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 following mo.)
, _ _ _ $ per gal..
2
1 704 4
24.8
2 183. 1
.113
.208
1 792 6
r
38
194.2
.114
3. 5
92
31.2
r
149.3
.3
.226
.229
FOOTNOTES FOR ELECTRICAL EQUIPMENT, P. S-34.
IData reflect adjustment to the 1963 Census of Manufactures; revisions back to 1963 are
available.
©Radio production comprises table, portable battery, auto, and clock models; television
sets cover monochrome and color units.
S-36
January 1968
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
1966
Nov.
1967
Dec.
Jan.
Feb.
Mar.
May
Apr.
June
July
Sept.
Aug.
Oct.
Nov.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Aviation gasoline:
Production. _
mil. bbl
Exports.—.
_do _ _ _
Stocks, end of period.
do
Kerosene:
Production
do
Stocks, end of period
do
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gal
Distillate fuel oil:
Production.
miL bbl
Imports
- '
do
Exports
do
Stocks, end of period
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gal
Residual fuel oil:
Production
mil bbl
Imports. _ _
do
Exports
do
Stocks, end of period
do
Price wholesale (Okla No 6)
$ per bbl
Jet fuel (military grade only) :
Production
mil bbl
Stocks, end of period
do
Lubricants:
Production ..
do
Exports
do
Stocks, end of period
do
Price, wholesale, bright stock (midcontinent,
f.o.b. Tulsa)
$ per gal
Asphalt:
Production
mil bbl
Stocks, end of period
do
Liquefied petroleum gases:
Production
do
Transfer from gasoline plants
do
Stocks (at plants, terminals, underground, and
at refineries) end of period
mil bbl
Asphalt and tar products, shipments:
Asphalt roofing, total
thous. squares
Roll roofing and cap sheet
do
Shingles, all types
do
Asphalt siding
Insulated siding
Saturated felts
do
do
thous. sh. tons
i 48 6
14.2
18. 3
41 2
3.4
7.8
35
'.3
7.1
'.3
194 5
1
24 1
102 1
25 0
82
27 9
r
31
.4
8.3
29
'.3
7.7
30
.3
35
.3
7.8
.3
8.2
10 1
25 0
10 1
21.5
9 2
18 3
85
17 2
72
18 7
69
19 4
37
0
0
3.3
.4
76
23. 7
7.5
25.1
7.6
25.5
.112
112
112
.112
•j iq n
68.3
1.1
2
154 5
69. 1
1.2
4
176 6
099
DQQ
102
102
102
.102
22 8
36 5
13
58 6
1 45
21 6
30 8
17
59 8
1 45
91 K
1
21 5
23.1
20
62.7
1 45
21 1
26.5
26
63.7
1 45
20 9
24.2
28
65.5
1 45
1.45
21 5
20 4
21 9
20 2
22 7
20 4
23 4
21 3
23 7
21 0
23 8
21 6
23 5
21 1
50
14
13 7
55
19
13 4
54
17
13 5
57
18
13 6
54
14
13 4
5.4
16
13.9
5.5
15
13.8
5.2
14
13.6
107
.107
109
109
109
109
69 9
16
4
154 1
68 6
1i
•j
131 3
61 9
9
3
104 7
70 1
27
3
87 0
63 0
14
4
92 8
62 7
13
I
96 4
090
094
095
OQ7
nQ7
099
099
099
268 6
345*. 2
14 9
56 2
1 83
264 0
376 8
12 9
61 2
1 6?
21 7
31 2
7
63 5
1 65
25 3
36 1
1i
61 2
1 65
OK A
23 2
38 3
14
56 6
1 50
24 2
41 1
16
52 9
1 45
1 191 2
1
18 7
215 5
19 4
19 6
20 8
19 6
19 4
20 0
20 7
62.9
16 6
13 3
65 4
17 1
12 7
5.2
15
' 12.5
52
15
12 7
1q I
K K
.3
67 6
.9
4
132 6
105
63 2
9
3
175 8
44 3
16
59 1
1 65
n o
109
104
7858
138
r 44
6 e
91 fi
31
.6
PA. Q
.098
765 4
13 0
38
155 4
154* 1
.2
7.5
13
26 6
I fi
M 9
AK
270
270
270
270
97fl
270
270
270
270
270
270
270
270
123 6
16 2
129 6
17 3
10 0
14 4
75
17 3
R Q
on d.
57
23 0
81
25*4
90
26 8
11 9
27 1
12 8
25 0
14 3
23.7
14 9
19 0
13 7
16 8
56.1
200 2
60. 1
215 I
4.8
22 2
51
25 8
OC A
55
51
22 0
58
20 1
55
14 9
62
15 2
57
14 5
5.6
15. 2
5.6
16 6
5.8
16 8
32 0
37 7
45 2
37 7
09 r
29 9
32 Q
40 7
49 6
56 6
63 1
69 0
73 2
72,338
28, 293
44, 044
69, 363
28 917
40, 446
5,142
2 4*1
2 702
3,555
1 773
1 782
3 4°2
1 652
1 770
3 680
1 506
2 174
5 337
2 232
3' 106
6 089
2*349
3* 740
6,430
2 416
4 014
8,032
3 001
5 031
7, 960
2 965
4,996
9 257
3 621
5 636
628
590
980
554
504
880
53
41
66
37
°2
53
31
16
49
31
20
52
41
25
73
34
34
70
33
40
66
39
56
82
39
46
81
48
57
93
44
50
82
.270
8, 174 '8,027
3 309 '3,423
4,864 ' 4, 604
6,321
2, 745
3,576
'55
51
'84
56
33
76
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulp wood:
Receipts
Consumption
Stocks, end of period
Waste paper:
Consumption
Stocks, end of period
thous cords (128 cu ft )
do
do
thous sh tons
do
WOODPULP
Production:
Total all grades
thous sh tons
Dissolving and special alpha
do
Sulfate. _
do
Sulfite
do
do
do
do
)<2
53 208
r2
51
970
2
' 22 56 797
' 56 259
' 5, 923 ' 2 6 529
' 2 102 231
' ' 622
r2
4 497
4 646
5 703
4 716
4 366
6 059
4 7*>9
4 844
5 835
4 526
4* 454
6 020
5 105
4' 801
6?286
4 361
4 759
5 994
4 507
4* 797
5' 708
4 686
4 550
4 857
4 326
4* 279
5*939
4 775
4 626
5, 966
4 548
4,299
6,194
752
738
808
650
770
616
829
640
788
630
815
642
811
720
695
629
899
614
839
601
^830
*>590
2 834
112
1,773
211
3 098
142
1,954
226
2 997
128
1,890
227
335
130
269
328
121
288
345
123
308
334
120
296
814
648
r233 993 r 2 36 640
2
1,' 482 ' 2 1, 527
'223,562
'2r21,509
2
2, 684 ' 2 2, 748
3 047
132
1,923
243
2 801
116
1 753
209
3 076
'l34
1 944
230
2 897
1 849
221
3 129
139
1 981
238
3 065
106
1 967
233
3 133
128
1 969
239
2 966
102
1,858
228
2 726
104
1,729
189
3 004
'122
1,927
221
334
113
300
322
119
281
348
132
288
322
124
271
345
132
294
337
131
290
350
134
314
343
137
298
310
120
273
2
' 2 3, 595 ' 3, 794
r 21 644 r 2 l 658
2
' 3, 079 ' 2 3, 351
no
r
892
582
102 541
' 738
r
4,827 v 4, 377
4,900 p 4, 615
6,233 * 6, 024
Groundwood
Defibrated or exploded
Soda, semichem., screenings etc
Stocks, end of period:
Total, all mills
Pulp mills
Paper and board mills
Nonpaper mills __
do
do
do
do
'757
'238
'436
82
'816
'276
'456
84
760
292
382
86
'816
'276
' 456
84
751
289
379
83
778
323
379
76
805
322
407
76
786
324
386
76
809
356
375
78
860
363
425
72
827
382
378
67
814
377
370
67
808
381
360
68
'836
408
' 357
'71
J>814
*>388
?357
?69
Exports, all grades, total
Dissolving and special alpha
All other.,
do
do
do
3 1, 402
3 535
897
1, 572
563
1 009
136
47
88
133
42
90
103
39
64
113
38
75
172
83
89
128
36
92
133
31
101
185
77
108
111
38
73
165
58
106
135
45
89
150
47
103
160
57
103
Imports, all grades, total
Dissolving and special alpha
All other.
do
do
do
3, 127
280
2,847
3, 355
293
3,065
282
21
261
293
35
258
287
20
267
261
19
242
297
25
273
245
20
226
269
25
245
273
21
251
236
16
221
256
27
229
249
21
228
246
22
224
290
23
267
' 47 189 ' 3, 918 '3 653 3 914
' 20 631 ' 1, 727 '1 658 1 774
' 22 574 ' 1, 895 ' 1, 743
1 868
'13
'13
' 153
12
'283
'239
'3.831
260
2
Reported annual total;
S-21.
3 684
1 654
1 753
11
266
4 015
1*794
1 895
13
313
3 812
1 730
1 856
11
215
3 934
1 735
1 876
12
311
3 885
1 684
1 865
12
324
3 417
1 492
1 634
9
290
3 938
1 727
1 865
11
334
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census) :
All grades total unadjusted thous sh tons ' 2244 091
Paper
do
' 19 187
r2
Paperboard
do
202 835
' 144
Wet-machine board
do
Construction paper and board
do
3.925
r
Revised.
* Preliminary.
i See note
2 for p. S-35.
3
revisions not allocated to the months.
See note "O" for p.
3 720 ' 4 128*3 877
1 653 ' 1 772 * 1 685
1 723 ' 1r 982•p 1 866
9 11
11
12
332
'363
P315
Dec.
SURVEY OF CUKRENT BUSINESS
January 1968
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1 1966
Annual
S-37
1966
Nov.
1967
Dec.
Jan.
Feb. , Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper and board— Continued
New orders (American Paper Institute):!
All grades paper and board
thous sli tons
Wholesale price indexes:
Printing paper
1957-59 ~ 100
Book paper, A grade
do
Paperboard
do
Building paper and board
do
Selected types of paper (API);§
Fine paper:
Orders, new
thous sh tons
Orders, unfilled, end of period
do
'3 913 ' 3, 808 v 4, 112
44 296
46 886
3 742
3 582
4 001
3 628
3 972
3 857
3 871
3 877
3 544
101.4
110.6
96 4
93.0
101.7
115.1
97.1
92.8
101.9
116.7
97 2
93 1
101.9
116.7
97 2
92 7
101.9
116.7
97.3
92.4
101.9
116.7
97 3
92 4
101.9
116,7
97 3
92 3
101 9
111.8
97 3
92 2
101.9
117.8
97 3
91 7
101. 9
117.8
97 3
91.5
101.9
117.8
97.3
91.5
101.9
117.8
97.3
91.3
101.9
117.8
97.3
91.4
101.9
117.8
97.3
92.1
2,429
150
2,637
159
208
160
202
159
230
164
215
158
238
157
237
174
231
174
222
177
201
178
'232
'168
'197
'147
* 223
J>152
2,410
2,413
2,641
2,623
224
223
214
205
237
231
222
223
237
236
230
230
229
231
216
211
194
196
236
'243
'212
'212
J>229
P227
Production
Shipments
Printing paper:
Orders, new
Orders, unfilled, end of period
do
do
do
do
6,198
510
6,711
553
515
543
556
553
581
572
494
496
561
496
554
513
532
467
569
526
500
509
r
514
'462
'515
'468
*524
P471
Production
Shipments. _
Coarse paper:
Orders, new..
_
Orders, unfilled, end of period
do
do
5,993
5,993
6,511
6, 514
543
543
539
542
558
558
518
518
565
565
536
536
546
546
544
544
488
488
••526
••526
'512
'512
*518
P518
do
do
4,590
210
4,723
200
392
205
382
200
392
212
393
225
422
223
392
213
367
190
387
199
330
195
'418
'218
'388
'238
p401
J>226
Production
_
Shipments
. _
Newsprint:
Canada:
Production
Shipments from mills
_
Stocks at mills, end of period
United States:
Production. _
Shipments from mills
Stocks at mills, end of period
do
do
4,591
4,564
4,696
4,704
392
394
372
381
400
397
392
376
429
436
400
389
398
385
383
387
315
316
'412
'408
'392
'405
j>422
?410
do
do
__-do
7,720
7,747
150
8 419
8,385
184
714
738
258
667
740
184
698
612
270
659
602
327
695
653
369
670
692
348
704
741
311
652
713
250
668
592
326
705
665
365
641
660
346
681
704
323
675
687
311
602
646
268
do
do
do
2,180
2,183
19
2, 408
2,405
21
214
215
28
198
205
21
227
209
39
212
199
51
225
225
51
223
221
54
227
249
32
222
228
27
197
191
33
225
212
46
209
211
44
228
226
47
222
228
41
204
206
39
6,387
6,898
626
593
542
511
585
609
616
568
522
544
568
634
622
587
573
681
705
681
682
672
676
654
676
711
727
726
707
698
673
630
541
Consumption by publishersd*
do
Stocks at and in transit to publishers, end of
period
thous. sh. tons__
Imports. __ _
do
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered,.--. .__. _
$persh. ton
6,323
6 991
601
577
563
500
549
528
614
601
527
542
528
575
132. 40
136. 23
138- 40
138. 40
138. 40
138. 40
138. 40
138. 40
138 40
139 00
141. 40
141. 40
141.40
141. 40
449
724
445
92
442
883
463
94
412
731
423
84
456
748
404
91
451
720
455
92
450
705
453
91
459
695
452
90
448
690
452
88
446
614
460
89
393
654
377
73
454
645
454
90
448
702
419
84
476
759
'470
91
466
767
•=470
90
405
648
438
8
f
160 152
13, 798
12 982
12 298
12 098
14 056
12 747
13 999
13 923
11 630
14, 336
14, 227
15,045
13, 940
12, 971
134 1
132 8
140 1
124 6
122 4
141 7
128 6
136 5
141 6
118 5
142 0
137.4
Paperboard (American Paper Institute): A
1417
Orders, new (weekly avg.)_______thous. sh. tons...
1796
Orders, unfilled, end of period...
_ do
410
Production, total (weekly avg.)___— _ . _ . _ _ _ d o
90
Percent of activity (based on 6.5-day week)
Paper products:
Shipping containers, corrugated and solid fiber,
shipments} _ _
mil sq ft surf area
148, 471
Folding paper boxes, shipments, index of physical
volume
1947-49—100
128 2
' 143. 8 v 140 4
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous Ig tons
Stocks , end of period,
do
Imports , incl. latex and guayule
do
Price, wholesale, smoked sheets (N .¥.)__$ per lb__
Synthetic rubber:
Production.. __
Consumption
Stocks, end of period
Exports. _ : _ _ _
thous Ig tons
do
do
do
Reclaimed rubber:
Production
Consumption. ._
Stocks, end of period
do
do
do
514 71
100 01
445 32
.257
554 13
82 87
431 66
.236
46 57
86 69
34 52
.223
1 813 23 1 969 97 170 91
1*540 11 1 666 06 142 76
311 95
348 69 340 40
2 281 78 308 44
24 10
280 29
269 54
30 16
277. 36
264 51
32.29
21 94
20 88
30 36
thous_
167, 854
177, 169
15, 000
do
do
do
do
169 060
58 280
107, 905
2 875
173
54
116
2
464
680
348
436
13 858
5 171
8,511
176
42 43
82 87
29 54
.220
166
140
348
93
83
16
69
37
45 25
95 03
39 37
.219
164
146
352
26
54
33
28
26
42 68
98 07
33.06
.208
150
133
347
25
12
78
55
24
48 11
104 98
51.75
.206
38 56
107 68
33.58
.208
30 12
116 76
36 61
.208
29 43
116 84
24 13
.220
24 08
12695
23 27
.206
50 02
125. 83
43. 57
.193
47 47 '51 74
118. 43 r 110 25
35.46
33 55
.179
.188
47 09
110. 51
50.23
.179
164
146
345
25
154
127
353
22
138
108
355
27
132
105
355
26
09
15
75
56
137 92
85 58
383 04
23 73
155 68
155 %
355 30
24 57
167 69 r 178 74
152 92 !69 76
349. 60 '335 43
24 08
26 11
181
155
346
24
14 45
15 13
26 39
11 92
11 77
25 21
23.51
23 97
24.88
22.48 r 25 40
21 22 '25 45
25.20 '24 90
60
32
57
07
98
30
99
81
41
25
02
40
22 21
21 66
31 00
20 73
20 33
30 82
23.32
21 58
32. 38
14, 483
15, 058
14, 147
15, 070
12, 424
8, 734
8,748
6,919
15, 744
16, 162
18, 278
12 388
4 629
7 564
196
13 166
4 143
8 845
178
11 353
3 234
7 898
222
14 434
4 455
9,782
198
16 299
4 330
11, 788
181
16 265
4 835
11 293
137
16 201
4 695
11 401
105
Y> 469
2 125
10 239
105
13 818
2 673
10, 971
174
15 670
3,693
11, 757
219
16 595
3,998
12, 368
230
22.72
20 71
32 29
17 98
19 55
30 12
14 06
15 57
28 07
.175
87
74
98
94
23.13
21 42
27.26
TIRES AND TUBES
Pneumatic casings, automotive:
Production
Shipments, total
Original equipment
Replacement equipment. _
Export.. ...
Stocks , end of period
:
Exports (Bu. of Census)
Inner tubes, automotive:
Production. _ _ _ . _ . _
Shipments. _ _
Stocks , en d of period
_______
Exports (Bu. of Census)
...
do
do
3
37 016
2, 381
42 569
2 051
40, 393
181
42, 569
165
44, 678
123
47 594
115
48, 273
156
44, 410
147
37 088
107
29, 883
101
24 381
80
26, 466
106
27, 114
122
28, 920
106
166
do
do
do
do
41 342
41 936
11, 839
2
1, 189
42 765
44 222
11, 996
1,100
3,490
3,228
11,704
86
3 434
3 219
11, 996
85
3 496
4,630
10, 846
68
3 385
3 312
10, 947
55
3 809
3,762
10, 922
101
3 103
3,531
10, 631
108
2 696
3 546
9,888
65
2 871
3 412
9, 337
71
'2 145
3 053
8,599
56
3 516
3 361
8,937
45
3 634
3 202
9,574
76
4 067
3 741
10, 033
72
63
' Revised.
v Preliminary.
1 Beginning Jan. 1965, monthly data are 4-week averages
for period ending Saturday nearest the end of the month. Annual data for new orders are
52-week averages: those for unfilled orders are as of Dec. 31. * See note "O" for p. S-21.
e? As reported by publishers accounting for about 75 percent of total newsprint consumption,
tRevisions for Jan. 1964-Feb. 1965 will be shown later.
§Formerly American Paper and
Pulp Association.
AFormerly National Paperboard Association.
' Corrected.
S-38
January 1968
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are ohown in the 1965
edition of BUSINESS STATISTICS
1965
1967
1966
1966
Annual
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
Nov.
June
July
Aug.
Sept.
Oct.
44,632
39,148
40,000
720.8 ' 685. 8
17.6
21.0
161. 9
177.3
700. 5
19.0
162.9
Dec.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments finished cement
thous bbl
1374,086
380,694
29, 195
21, 044
18,457
17, 066
24, 758
27, 940
34,765
37, 909
37,527
7,606. 2
267.4
1,610. 3
544.0
21.6
115.4
408. 8
20.4
90.7
410.6
18.1
82.9
369.8
21.0
72.1
555.5
24.4
124.0
605.9
21.8
119.3
651.9
19. 7
140.2
689.0
21.1
156.0
641.9
19.5
156.1
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick- . 8,089.1
Structural tile, except facing
thous. sh. tons__
313. 3
Sewer pipe andfittings,vitrified.-... .
do
1, 732. 2
Facing tile (hollow) , glazed and unglazed
mil. brick equivalent ._
326.9
Floor and wall tile and accessories, glazed and unglazed
mil so ft
283.4
Price index, brick (common)," f.o'bf plant or
N.Y. dock. .
-__
-1957-59 =100108. 4
308.1
23.7
22.2
22.0
15.3
19.2
19.9
22.4
21.8
19.5
20.7
••18.3
21.6
272.7
20.3
18.9
18.9
19. 1
22.9
20.8
22.9
24.7
20.1
24,2
'22.6
21.2
111.5
112.9
112.2
112.4
112 9
112. 9
113.1
113. 1
113.5
113. 5
113.7
113.7
112.9
GLASS AND GLASS PRODUCTS
thous. $__ 354,308
343, 138
87 930
76, 791
76, 644
85, 206
____do
do
140, 559
213, 749
136, 785
206,353
34,755
53, 175
28,388
48,403
29 ggo
46, 782
35, 622
'49,404
thous gross
202,050
211, 764
16, 064
15,609
17, 119
16, 852
18, 040
19, 185
19, 170
19,254
19, 147
20, 089
17,938
20, 213
19, 499
Shipments , domestic , total
.•_.._..__._. do
195,924
General-use food:
Nar*°ow-neck food
do
21, 548
Wide-mouth food (inel. packers' tumblers,
jelly glasses, and fruit jars)
thous. gross_. 53, 742
204, 093
15, 971
16, 197
15,271
15, 010
18, 486
17,458
18,873
20,129
17,540
20,410
19,074 '19,746
21,122
21, 605
1,478
1,403
1,448
1,651
2,056
1, 804
1,818
1,909
1,609
2,275
2,906
2,251
52, 168
4, 395
4,040
4,329
4,079
4,432
4, 023
4,222
4,400
4,072
5,361
4,893
5, 521
5,633
1,918
2,631
1,291
2,763
3,885
1,682
2,796
3,890
1,495
3,304
4,329
1,602
4,301
4,526
1,588
3, 384
4,068
1,136
3,440
4, 048
1,479
2,628
3,511
1, 598
2,963
3,209
1,915
3,728
3,559
2, 137
2,993 '3,362
459
445
86
80
3,767
510
88
31, 515
29, 428
Flat glass, mfrs.' shipments,..
Sheet (window) glass, shipments
Plate and other fiat glass, shipments
Glass containers:
Production
Beverage..™- Beer bottles
Liquor and wine
do
do
do
20, 283
36, 134
17, 273
27,098
38,895
17,608
2, 016
2,787
1,617
2,677
3,234
1,368
1, 852
2,692
1,338
Medicinal and toilet
Chemical, household and industrial.
Dairy products
do
do
do
38, 797
6,882
1,265
39, 766
5,812
1,141
3,136
448
94
2,943
424
108
3,093
442
77
2,865
497
78
3,069
505
93
2,959
425
66
3,074
453
71
2,883
448
74
2,809
399
63
3,255
481
71
do
26, 945
30, 084
31, 280
30, 084
31, 500
32, 964
31,943
33,580
33,223
31,679
33, 675
32,736
5,911
10, 035
5, 479
9,647
1,253
2,180
737
2,033
1, 171
1,442
2,742
do
9, 320
8,434
1 806
1,793
1,824
2, 320
do
do
4,580
319
4,693
322
1,087
80
757
78
1,277
74
1,331
72
do
_do
828
976
680
899
136
205
135
183
148
202
161
240
1,368
8,083
271
1,079
7,084
228
213
1,516
43
219
1,596
49
220
1,576
64
315
2,284
74
Stocks, end of period
31, 201
1,700
GYPSUM AND PRODUCTS (QTRLY)
Crude gypsum, total:
Imports..,
Production....
T
____„_
__thous. sh. tons..
do -
Calcined, production, total
Gypsum products sold or used, total:
Uncalcined uses
Industrial uses
Building uses:
Plasters:
Base-coat
All other (incl. Keene's cement)...
Lath
Wallboard
All other
mil sq ft
do
do
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills: f
Cloth woven, total 9 _ _ _ _
mil. linear yd-_
Cotton
do
Manmade
fiber
do
Stocks, total, end of period 9 d*
Cotton
Manmade
fiber
do____
do
do
Orders, unfilled, total, end of period9 ^[___do
Cotton
do
Manmade
fiber
do
13, 037
9, 262
3,517
12,689
8,866
3, 571
1,139
676
442
1,306
766
521
4, 140
3,023
999
3,222
2,408
746
1,001 2 1, 081
722
2778
2285
265
940
667
254
1,257
730
509
1, 306
766
521
1,333
785
528
3,382
2,533
783
3,222
2,408
746
3,209
2,423
718
953 2 1, 158
2823
673
2312
262
956
674
262
959
670
269
21,167
2809
2334
715
477
222
918 ' 2 1,151
2781
631
270 '2350
970
656
298
1,311
786
505
1, 307
782
504
1,323
806
497
1,364
835
512
1,396
852
527
1,404
860
528
1,390 '1,357
845
865
'498
511
1,338
849
475
3, 059
2,251
737
3,046
2,290
686
2,801
2,020
708
2,693
1,866
749
2,562
1,753
735
2,622
1,748
799
2,864 ' 2, 835 2,861
1,845
1,882
1.928
'881 i 944
865
COTTON
Cotton (exclusive of linters) :
Production:
GinningsA
thous running bales
9,562 8,757 *9, 211 *9, 533
14,933
Crop estimate, equivalent 500-lb. bales
9, 575
thous. bales__ 14, 973
Consumption .
do
759
770
2852
9,647
9,296
Stocks in the United States, total, end of period
20, 265 21, 719 20, 265 19, 047
thous. bales. . 23,787
Domestic cotton, total
do
20, 186 21, 637 20, 186 18,968
23, 682
1,076
On farms and in transit
do
1,121
2,070
1,121
2,535
Public storage and compresses
do
17, 639 18,229 17,639 16,262
19,619
Consuming establishments.. .
do_ _ . . 1,528
1,630
1,338
1,426
1,426
Foreign cotton , total
do
82
79
105
79
79
' Revised. 1 Beginning Jan. 1965, excludes finished cement used in the manufacture of prepared masonry cement (2,734 thous. bbls. in 1964); annual totals include 3revisions not distributed
to the months.
2 Data cover 5 weeks; other months,
4 weeks.
Ginnings to Dec. 13.
4
Ginnings to Jan. 15.
« Crop for the year 1966. 6 Dec. 1 estimate of 1967 crop.
t Data
shown here are not strictly comparable with those for earlier periods for the following reasons:
Beginning Jan. 1964, fabric classifications were revised and manmade fiber drapery fabrics
were added; beginning Jan. 1966, data reflect further changes in reporting classifications,
principally cotton blends.
69,562
257
632
1, 013
3,289
562
721
2850
744
6,327 3 6, 931
6 7, 618
749
2906
748
733
2889
720
17,848 16, 548 15,516 14, 378 13,196 12, 433 19, 400 18,235 17, 088 15,715
17, 770 16,479 15, 455 14,326 13, 140 12, 375 19, 342 18, 171 17, 004 15, 624
2,564
7,459
5,808
7,926
671
801
300
713
472
954
9,790 11, 613
9,157
9,802
14, 942 13, 779 12, 664 11, 690 10 818 10, 318
1,406
1,447
1,555
1,614
1, 757
1,987
1,965
1,874
1,990
1,850
91
84
64
58
58
69
61
56
52
78
9 Includes data not shown separately.
,
, , , * . .
cf Stocks (owned by weaving mills and billed and held for others) exclude bedsheetmg,
toweling, and blanketing, and billed and held stocks of denims. Effective Aug. 1965, stocks
cover additional manmade fiber fabrics not previously included.
^Unfilled orders cover wool apparel (including polyester-wool) finished fabrics; productior
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheetmg,
toweling, and blanketing.
ATotal ginnings to end of month indicated, except as noted.
January 1968
SURVEY OF CURRENT BUSINESS
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
|
1066
Annual
S-39
1966
Nov.
1967
Dec.
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Oct.
Sept.
Nov.
Dec.
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of linters)-~Contintied
Exports
. .
.
thous. bales
Imports
...
do
Price (farm), American upland.. ..cents per lb._
Price, middling 1", avg. 15 markets t
do
Cotton linters:
Consumption.
thous bales
Production
__„__
...
do
Stocks, end of period
_
do
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :
Active spindles, last working day, total _ mil
Consuming 100 percent cotton _ _ . , _ _ _
do
Spindle hours operated, all fibers, total
bil
Average per working day
..do
Consuming 100 percent cotton
do....
Cotton yarn, price, 36/2, combed, knitting, natural
stock §
$perlb
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.)
mil. lin yd
Orders, unfilled, end of period, as compared with
avg. weekly production
No. weeks' prod_.
Inventories, end of period, as compared with
avg. weekly production No weeks' prod
Ratio of stocks to unfilled orders (at cotton
mills) end of period, seasonally adjustedA
Mill margins:*
Carded yarn cloth average _ _ . cents per Ib
Combed yam cloth average
do
Blends (65% polyester-35% cotton)
do
Prices, wholesale:
Denim, mill
finished§
cents per yd
Print cloth, 39 inch, 68 x 72. _ ..
do
Sheeting, class B, 40-inch, 48 x 44-48
do
MANMAJDE FIBERS AND MANUFACTURES
Fiber production, qtrly. total.
mil. lb__
Filament yarn (rayon and acetate)
do
Staple, incl. tow (rayon) _ _ _
do
Noncellulosic, except textile glass:
Yarn and monofilaments*
do
Staple, incl. tow*_ _
do
Textile glass
fiber
do
Exports: Yarns and monofilaments
thous. lb__
Staple, tow, and tops
do
Imports: Yarns and monofilaments
do
Staple, tow, and tops
do
Stocks, producers', end of period:
Filament yarn (rayon and acetate)
mil. lb__
Staple, incl. tow (rayon)
do
Noncellulosic fiber, except textile glass:
Yarn and monofilaments*..
do
Staple, incl. tow*
do
Textile glass
fiber
do
Prices, manmade fibers, f.o.b. producing plant:
Staple: Rayon (viscose), 1.5 denier.
$perlb—
Polyester, 1.5 denier*
do
Yarn: Rayon (viscose), 150 denier. _ _
do
Manmade fiber and silk broadwoven fabrics:
Production (qtrly ) , total 9
mil lin yd
Filament yarn (100%) fabrics9_
l___do
Chiefly rayon and/or acetate fabrics
do
Chiefly nylon fabrics.. _ _ _
do
Spun yarn (100%) fabrics (except blanketing) 9
mil. lin. yd..
Rayon and/or acetate fabrics and blends
do....
Polyester blends with cotton...
do
Filament and spun yarn fabrics
_do
WOOL
Wool consumption, mill (clean basis) :
Apparel class
_
Carpet class
Wool imports, clean yield*
Duty-free (carpet class)*
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
Graded fleece, % blood..
Australian, 64s, 70s, good topmaking
mil. Ib..
do
do
do
$ per Ib
do
do
288
3
20.4
22.2
416
19
19.7
22.2
299
3
19.9
22.4
228
4
21.0
22.6
244
20
22.0
22.3
277
52
21.3
23.2
275
25
27.3
23. 4
298
17
30.5
25.0
94
65
831
87
37
765
3104
40
693
70
26
637
79
40
595
397
33
546
84
'92
••538
81
147
595
19.8
15.3
11. 9
.477
39.3
20.0
15.3
10.0
.501
7.7
19.7
15.0
9.9
.496
7.5
19.6
14.8
312.3
.491
39.3
19.8
14.9
8.1
.403
6.0
20.0
14.9
9.8
.491
7.2
20.0
14.7
s 12. 0
.481
38.8
20.1
14.7
10.3
.513
7.4
20.1
14.5
10.2
.511
7.3
.940
.934
.932
.927
.920
.920
.925
.927
14.5
13.7
12.7
12.3
17.2
13.7
13.5
4.2
4.4
4.5
4.7
5.1
7.1
5.1
5.1
5.0
.26
.29
.32
.33
.37
.40
.41
.36
.37
.38
40.69
79.75
55.64
40.54
78.97
52.69
40,42
78.52
51.28
40.09
77.62
51. 18
39.59
76.06
49.47
38.33
75.43
43.03
37.90
71.79
43.15
37.23
73.46
49.20
36.64
73.66
55.72
17,8
17.3
18.4
18.4
16.0
18.3
ie.3
18.4
128.0
* 29. 6
3,795
99
3,597
100
120.6
1
22. 1
518
3
21.9
21.8
607
(*)
22.0
21.9
458
7
19.8
22.0
458
5
20.7
22.0
1,406
1,635
734
1,366
1,419
725
93
168
636
393
158
725
91
152
778
89
111
810
18.9
14.7
128.0
.493
102.9
19.5
15.1
132.1
.509
102.4
19.5
15.1
10.2
.508
7.9
19.5
15.1
11. 3
.453
3
8. 8
19.8
15.3
10.1
.503
7.8
19.8
15.3
10.0
.499
7.8
.891
.949
.953
.953
.951
.945
9,238
8,841
20.3
18.4
17.6
18.4
16.1
14.9
4.5
4.5
4.1
4.5
4.3
.23
.25
.23
.25
42.23
96.40
65.15
41. 27
86.05
57.22
36.2
18.3
18.3
36.2
18.3
18.3
34.9
18,6
17.5
35.8
18.7
18.0
3
3
3
105
113
828
2,223
2,175
1-3.3
2
35.75
72.52
84. 03
.34
33.43
68.50
90. 55,
18.3
16.3
18.3
961.0
175.3
129.4
567.5
553.6
566.8
561.4
296.8 s 103. 9
286.1 5111.4
73.4
9,368
6,693
5,974
5,071
2,305
2,535
11,982 14, 314
5111.0
5111.0
3, 532. 2
825.0
648.0
3, 860. 1
799.8
659.2
997.7
779.2
282.3
• 99, 923
» 50, 763
15, 690
130, 108
1, 164. 7
904.0
332.4
98, 722
55, 522
16, 571
177, 570
59.8
55.8
67.3
70.1
109.3
96.7
32.2
150.2
129.8
42.5
.28
.85
.80
.28
.80
.80
3, 926. 2
1,640.6
855.8
303.9
4, 198. 0
1, 576. 6
735.0
334.6
1,003.3
369.4
171.1
80 5
1 020 4
407 7
194 3
81.3
1 040 9
402 0
187.9
80 6
1, 534. 6
1, 907. 8
466. 5
457 5
486.1
471.7
643.3
713.5
519.4
624.6
1, 051. 2
479.4
152 1
257.0
111. 0
151.8
259.5
102.3
154 4
284.9
99.3
135.3
278.6
99.5
274.7
112.3
271. 6
108.9
266.6
103.6
277.2
114.6
16.1
7.7
15.9
7.0
1.249
1.192
1.156
1.349
1.171
1.259
1. 325
1.097
1.275
943. 1
197.6
150.9
937.5
181.3
155.3
QOn o
7,533
4,162
1,600
11,910
298.5
210. 8
85.3
8,609
7,608
1, 587
14, 246
8,069
6,514
2,237
9,563
8,101
7,034
3,357
13, 600
300.2
224.5
76.2
7, 453
6,314
1,908
14, 488
7,492
6,290
1,574
10, 674
6, 685
7,599
1, 666
9, 465
283.2
264 3
74 1
6,147
7,735
1,894
10, 776
5,806
6,062
1,532
13, 846
6,442
7,426
2,178
13,395
64.4
64.4
67.3
70.1
70. 2
74.5
68.6
80.1
63.3
82.8
60.9
80.8
61.7
78.4
60.1
77.1
64.4
75.5
59.7
62.4
58.4
55.5
58.6
49.4
53.0
44.9
164.0
120.9
46.0
169.2
129.7
163.1
128.4
155.7
132. 1
42.9
r 130.0
142.8
131. 5
.65
.81
.62
.81
.62
.81
.62
.81
.62
.81
.28
.72
.81
.28
.72
.81
3
172.2
137 0
164.4
122 0
46.9
150 2
129 8
42 5
.72
.81
.72
.81
.72
.81
.72
.81
.68
.81
1, 000. 8
377.6
172.0
77.0
18.5
7.1
16.5
7.0
18.4
6.1
13.1
4.2
322.1
36.9
17.6
5.7
18.6
6.6
13.9
3.2
19.0
7.1
13.9
5.6
323.3
36.9
15.8
6.3
15.4
4.6
13.9
6.9
18.1
7.0
15.0
7.3
3 20. 8
38.5
17.7
7.2
'16.7
7.3
13.9
6.6
17.5
6.8
16.9
8.7
1.325
1.075
1.225
1.288
1. 050
1.188
1.225
.975
1.175
1.213
.945
1.175
1.175
.918
1.125
1.175
.895
1.125
1.235
.975
1.175
1.245
.938
1.175
1.237
.895
1.165
1.225
.838
1.125
1.225
.825
1.125
1.177
.825
1.125
100.1
98.2
91.0
91.6
91.9
92.5
90.0
90.0
89.4
102.7
102.7
101 5
101.5
1.165
.835
1.162
53.5
65.9
101 5
32.36
80.98
99.86
7,865
6,363
3,942
14,029
18. 9
37.8
19.3
8.6
61.8
27.6
27.0
1,891
2,131
18.4
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, American
100.7
108.2
103.4
102.8
system, wholesale price
1957-59=100..
107.8
Wool broadwoven goods, exc. felts:
Production (qtrly.)
mil. lin. yd..
267.3
54.7
265.2
Suiting, price (wholesale), flannel, men's and
bovs'. f.o.b. mill
1QS7-5Q— inn
inn. 2
102.7
102.7
103.2
102.7
r
2
Revised.
1 Season average.
Comparable margins
for Sept. 1967, 78.505 cents; see
4
note " *."
s For 5 weeks, other months, 4 weeks.
Less than 500 bales.
p0r month
shown.
6 gee "O," p. S-21.
H Beginning Sept. 1967, average of 14 markets.
§ Data beginning Aug. 1965 for knitting
yarn and Aug. 1966 for denim are not strictly comparable with earlier prices.
A Revised data (1963-66) appear in U.S. Dept. Agriculture Sept. 1967 COTTON SITUATION.
9 Includes data not shown separately.
401
5
20.5
22.1
101.5
101.5
101.8
101.8
* New series. Sources: Polyester staple price, U.S. Dept. Labor; wool imports, U.S. Dept.
Agriculture from Bureau of the Census' records. Data are available as follows: Price, back tc
1955; noncellulosic yarn and staple—production, to 1951; stocks, to 1953; wool imports, to
1948. Mill margins, beginning Aug. 1966, refer to weighted averages of 71 types of unfinished
carded yarn cloths and to simple averages of 8 combed yarn cloths and 4 uolyester-cotton
blends (beginning Oct. 1967, 5 blends); no comparable data prior to Aug. 1966 are available.
January 1968
SUEVEY OF CUKRENT BUSINESS
S-40
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1967
1966
Nov.
Annual
Dec.
Feb.
Jan.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
18, 924
20, 199
19, 870
1,774
345
1,832
350
1, 116
1,104
ll 337 11 624
1,158
11 571
Dec.
TEXTILE PRODUCTS—Continued
APPAREL
Hosiery shipments
Men's apparel, cuttings.'t
Tailored garments:
Suits
Overcoats and topcoats
tfaous doz pairs
194 753
210 425
20 096
15 873
18 323
19 296
19 234
17 856
18 990
19 879
16 020
19, 959
thous units
do
21 855
3 980
20 715
3 799
1 736
*283
1 436
238
1 462
226
1 537
227
1 724
331
1 532
'365
1 538
390
1 726
395
880
278
1,639
361
1 055
1 080
1, 039
12 219
Coats (separate) dress and sport
do
Shirts (woven fabrics), dress and sport
Work clothing:
Dungarees and waistband overalls
Shirts.
do
do
Women's, misses', juniors' outerwear, cuttings:t
Coats
thous units
Dresses
do
Suits
do
Skirts
do
12 291
13 148
1 4.9 ^Aft
'•\Af\ R7Q
OS 91 1
97 S97
9 AA.fi
4 862
3 906
5 909
4 096
520
25 274
282* 071
11 *859
24 595
271 107
10 510
2 igg
20 784
932
18 0*79
17 fy.7
10 225
8 876
1 1 R4Q
331
I
ftRK
764
nqo
1ft QQ<i
19 ^99
1 176
1 090
in f\7i
1 115
H 9O9
1 084
12 019
623
8 923
9 389
9 4.77
9 AfiQ
ey 1OQ
9 fi70
9 ftfil
1 504
531
325
552
348
648
372
596
314
636
341
669
331
441
232
923
1 918 1 259
24 592 30 453 27 523
563
831
881
1 419
95 359
1 103
n
591
288
1 680 2 075
18 311 22 292
984
76°
777 r 1 ifin
523
756
1 055
I
OflK
710
1 ^n
792
'eoi
r 1 ft71
r 1 Odd
786
721
r
r
1, 649
••290
2 417
2 300
'709
••303
642
308
478
307
1 776 1 759 2,215 '2,090
23, 693 19, 256 25, 311 '20,956
967
834
760
2,180
22,708
r
2 255 r 2 087
606
324
J QQQ
r ggy
r I H9
r 1 132
802
794
'773
'674
1 347
773
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
6,821
4,686
6, 166
5,730
4,004
Orders new (net) qtrly total
mil $
U.S. Government.
do
Prime contract
do
Sales (net)* receipts, or billings, qtrly. total- -do
U.S. Government
do
22, 181
14,571
20, 099
17,016
12,535
27, 223
16,351
24,219
20, 227
14,530
5,908
3,819
5,449
5,455
3,921
5,193
3,613
4 586
5,171
3 717
Backlog of orders end of period Q
U S Government
Aircraft (complete) and parts
20,383
13,695
8,885
2,502
27,547
15,711
14, 655
3,824
27,547
15,711
14, 655
3,824
30,754
15,975
""-"" 17,446
3,861
5,481
4,510
4,510
4 740
' 4 833
5, 142
1,855
2,492
2,492
2,668
' 2 578
2,618
1, 592. 0
Aircraft (civilian): Shipmentse
.
do
Airframe weight©
thous. lb._ 32, 200
473.0
Exports..
___.mil. $__
2, 087. 0
43,983
553.7
159.3
3,384
23.5
198.2
4,019
53.7
135.0
3,593
42.9
141.2
3,016
53.3
261.8
5,134
78.7
224.9
4,329
62.3
262.0
4,984
55.2
259.8
4,803
71.9
220.9
4,133
52.4
281.5
4,920
46.3
243.2 ' 273. 2
4,531 '5,239
48.7
85.6
11,057.4 10,329.5
10. 716. 6 9, 943. 5
9.305.6 8, 598. 3
9, 100. 7 8,336.9
1.751.8 1, 731. 1
1,615.9 1,606.6
980.7
928.5
832.6
791. 2
148. 1
137.2
923.6
878.1
775.1
740.5
148.5
137.6
797.3
758.1
651.2
625.0
146.1
133.1
660.2
628.1
525.6
501.9
134.6
126.2
833.4
785.1
684.1
647.4
149.3
137.7
792.2
749.4
659.8
628.3
132.4
121.1
898.3
848.7
750. 3
713.4
148.0
135.3
911.7
865.2
765.3
732. 3
146.4
133.0
530.8
506.3
425.5
410.6
105.3
95.6
324.2
300.8
231.6
218.3
92.6
82.5
710.5
670.3
601.0
570. 6
109.5
99.7
751.9
706.9
645.4
608.8
106.5
98.1
807.7 2 941. 1
761.8
683.0 2 790. 7
645.2
124.7 2 150. 4
116. 5
3105. 03
i 10. 42
1359.67
15.77
17.29
177. 58
12.72
78.64
6.79
10.70
28.31
.81
5.98
.55
1.01
30.31
.91
7.23
.42
.70
21.96
.89
7.08
.46
.88
14.19
.84
6.57
.51
.1. 09
31.41
.96
7.54
.53
1.14
26.69
.81
7.75
.57
1.19
25.85
1.33
9.09
.57
1.19
15.81
1.13
8.24
.58
1.18
13.32
.92
8.87
.37
.76
10.69
.93
5.80
.56
.88
21.56
.74
5.27
.62
.96
25.76
1.02
5.09
.47
.45
26.74
.69
5.16
.42
.76
559. 43 '* 913. 21
5.75
8.00
7.60
42.96
78.69
.30
3.91
108. 55
.22
10.43
102.30
.21
6,70
79.52
.33
5.49
88.46
.31
7.28
66.97
.21
6.06
80. 66
.45
7.42
94.46
.25
9.43
85.06
.32
7.44
44.98
.28
2.59
68.97
.43
5.58
98.07
.48
5.07
100.48
.91
3.13
113, 493
75, 527
18, 402
8,794
5,961
1,454
8, 376
5,602
1,222
8, 084
5,274
1,827
8,322
5,253
1,658
10,111
6,309
2,377
7,990
4,829
3,431
8,820
5,376
2,898
7,483
3,999
2,227
6,492
3,684
2, 866
7,485 '7,871
4,336 '4,619
2,784
1,869
8,787
5, 549
1,787
7,657
4,934
1,494
9. 313. 9 » 9,008. 5
569.4 « 658. 1
1, 528. 9 « 1,610. 4
732.1
51.7
120.1
808.2
56.3
136, 8
616.1
46.4
113. 2
538.9
45.2
108.9
670.8
57.5
132.2
786.1 » 807. 4 6793. 5 6 742. 8 6 716. 2 z>543.5 6 696. 4 6 632. 5
63.3 "70.0 6 66. 7 665.4 683.9 «>67.6 672.3 663.1
144.6
* 139. 0 6139.5 6 130. 7 & 141. 1 6 119.2 & 115. 7 6 106. 2
.number..
..do
_do
77,896 ' 90, 349
53,392 p 67,944
24, 504 • 22, 405
7,368
5,757
1,611
8,244
6,287
1,957
7,217
5,929
1,288
8,101
6,048
2,053
9, 156
7, 054
2,102
8,311
6,466
1,845
6,344
5,094
1, 250
8, 458
7,049
1,409
5,686
4, 776
910
6,916
5,779
1,137
6,262
4,344
1,918
6,039
4,291
1,748
5,122
3,958
1,164
New orders
Equipment manufacturers total
Railroad shops, domestic
do
do
do
88,288 ' 99, 873
73, 190
65, 617
22, 671 ' 26, 683
6,209
4,466
1,743
8,401
2,889
5,512
2,055
1,743
312
3,358
2,908
450
5,028
3,824
1,204
1,728
1,444
284
4,169
3,244
925
7,314
6,777
537
2,365 '6,347
2,140
2,338
225 '4,009
4,609
3,949
660
2,398
2,352
46
6,221
3,377
2,844
Unfilled orders end of period
Equipment manufacturers total
Railroad shops, domestic
do
do
_ _ — _do_.—
27, 063
20, 361
6, 702
26, 483
16,712
9,771
24,819
16,306
8,513
21, 082
14, 311
6,771
21,828
13, 730
8,098
do
do
do.-..
Missiles, space vehicle systems, engines, propulsion units, and parts
mil $
Other related operations (conversions, modifications) products services
mil $
' 7, 438
' 4, 727
f 6, 864
' 5, 925
' 4, 076
30,062
16,834
15, 748
4,487
'28,964
'16,142
'15,508
'3,957
299. 0
5,319
95.2
MOTOR VEHICLES
Factory sales, total.
__--._
Domestic
Passenger cars, total
Domestic
Trucks and buses, total .
Domestic
.
thous__
do
do
do
do
do
Exports:
Passenger cars (new) assembled
do
Passenger cars (used)
do
Trucks and buses (new) assembled
do
Trucks and buses (used) _ _
do
Truck and bus bodies for assembly*...
do
Imports:
Passenger cars (new), complete units..
do
Passenger cars (used)
do
Trucks and buses complete units
do
Shipments, truck trailers:
Complete trailers and chassis
number
Vans
_
do
Trailer bodies, chassis, sold separately
do
Registrations:©
New passenger cars
.thous
Foreign cars
_
do
New commercial cars (trucks)...
do
103, 756
65, 909
14, 653
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments
Equipment manufacturers, total
Railroad shops, domestic
Passenger cars: Shipments
_.do
Unfilled orders, end of per___do
Freight cars (revenue), class 1 railroads (AAR):§
Number owned end of period
thous
Held for repairs % of total owned
Capacity (carrying), aggregate, end of period*
mil. tons_Average per car
.
tons_.
45.266
32. 873
12.393
56,618
40, 426
16,192
56,437
43, 781
12, 656
56, 618
40, 426
16, 192
51,450
38, 943
12,507
46, 197
35,293
10,904
42,055
32, 049
10,006
34,960
26, 515
8,445
201
14
15
83
0
83
0
83
0
83
0
83
0
83
0
83
0
83
0
83
0
83
0
83
0
83
1
82
5
77
1,481
5.3
1,497
4.8
1,491
4.7
1,497
4.8
1, 496
5.0
1,498
5.1
1,498
5.0
1,499
5.1
1,496
5.2
1,498
5.2
1,497
5.5
1,496
5.5
1,496
5.4
1,493
5.3
1,492
5.2
88.20
59. 58
91.58
61.19
90.71
60.82
91. 58
61.19
91.72
61.31
91.99
61.42
92.25
61.60
92.51
61.72
92.60
61.87
92.90
62.04
93.01
62.14
93.30
62.36
93. 50
62.46
93. 54
62.64
93.60
62.74
'3 Revised.
* See note "O" for p. S-21.
2 Preliminary estimate of production.
Beginning Jan. 1965, data exclude exports of incomplete (unassembled) vehicles.
4
Revised to reflect Jan.-Apr. imports from Canada of new and used cars and other motor
vehicles not specifically identified; beginning May 1966 data refer to total imports (incl. those
from Canada) of new, on-the-highway, four-wheeled
passenger automobiles. Revised Jan.Apr. 1966 data (thous.): 77.9; 73.0; 93.7; 59.0. 5 Annual total includes revisions not distributed by months.
32,493 30, 730
24, 373 23,007
8,120 7,723
JMonthly revisions for 1963-65 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.
*New series. Monthly data prior to 1965 are available upon request.
° Omits two States.
OCourtesy of R. L. Polk & Co.; republication prohibited.^ 6 Omits data for one State.
§ Excludes railroad-owned private refrigerator cars and private line cars.
TO
.SECTIONS
General:
Business indicators. . „ . . . , , . , . . , , . ,
Commodity prices.....
,
Construction and real estate,............
Domestic trade.
1-7
7f 8
9,10
10-12
Labor force, employment, and earnings. ...... 12-16
Finance.
16-21
Foreign trade of the United States.
21-23
Transportation and communications.
23,24
Earnings, weekly and hourly..,...
,,
14,15
Eating and drinking places
11,12
Eggs and poultry
3,7,29
Electric power.
,, 4,8,26
Electrical machinery and equipment
,
3,
5,6,8,13-15,19,22,34
Employment estimates
.... 12,13,15
Employment Service activities,
,. ' 16
Expenditures, TJ.S* Government
18
Explosives
25
Exports (see also individual commodities).... 1,2,21-23
Express operations,
23
INDIVIDUAL SERIES
Failures, industrial and commercial,
,,'
7
Fans and blowers.«
34
Farm income, marketings, and prices.
2,3,7
Farm wages...,.!.;
15
Fats and oils
1
8,22,29,30
Federal Government
finance.«,
18
Federal Reserve banks, condition of
16
Federal Reserve member banks
17
Fertilizers.
8,25
Fire losses,...
-....'
10
Fish oils and
fish,..,
..
,
29
Flooring, hardwood,'....,,.
'..'.
31
Flour, wheat..........,'.". . , , . . . . » , , ; . . . , . . . . . - .
28
Food products.... 1,4-8,10,11; 13-15,19,22, 23,27-30
Foreclosures, real estate
,
10
Foreign trade (see also individual commod.)..... 21-23
Foundry e q u i p m e n t , . . . . . . . . . . . . . . . . . . . . . . . . . .
34
Freight carloadings....,
24
Freight cars ( e q u i p m e n t ) . . . , , , , . . . . . . , , »
4,40
Fruits and vegetables,
... 7,8,22
Fuel oil.
...»
. 35,36
Fuels
4,7,8,22,23, 35,36
Furnaces. ........
.;
34
Furniture.
3,4,8,11-15,17
_ Furs
;
'
' . , , , . . . .',.
23
+.
Advertising.
10,11,16
Aerospace vehicles. , - . . , . , . . . . . . , , , . » . , , . . „ » . ,
40
Agricultural loans.
,«,'
16
Air carrier operations. . . . . ' . . , , , . .
..,.,.,,
23
Aircraft and parts.,„
..,,./..
.. 3,6,40
Alcohol, denatured and ethyL
25
Alcoholic beverages...
. . . . ' . . . „ 8,10,26
Aluminum
. •„
...'
„ . , . . . 23,33
Apparel.
1,3,4,7,8,10-15,40
Asphalt and tar products
35,36
Automobiles, etc
,1,3-8,10,11,15,19,22,40
Gas, output, prices, sales, revenues.
• . . 4,8,26
Gasoline
.....'....
...,'..
1,35,36
Glass and products
38
Glycerin.., .•
'
'..,
- 25
Gold
19
Grains and products
, . . . . , , . . 7,8,22,24,27,28
Grocery stores.
..,,..,,...,.,,..
11, 12
Gross national product.............,,,. . . . , . , „ , .
1
Gross private domestic investment
1
Gypsum and products,
,, 8,38
Industry*
Chemicals and allied products.,
25
Electric power and g a s . . . . , . , , . , . , . . , , . . , ' . . .
26
Food and kindred products; tobacco.,,',..,... 26-30
Leather and products
'. 30,31
Lumber and products,
Metals and manufactures
Petroleum, coal, and products.
Pulp, paper, and paper products.,
,
31
32-34
35,36
» • « » 36,37
Rubber and rubber products,.»,.,.
37
Stone, clay, and glass products.
,...,
38
Textile products,
38-40
Transportation e q u i p m e n t . . , , . , , . , . , . . , . . , . .
40
Balance of international payments
-.;
2
Banking
,
;. 16,17
Barley
27
Battery shipments.
,..,
34
Beef and veal
.........,....',,.
<...
28
Beverages. ,
,,,
4,8,10,22* 23,26
Blast furnaces, steel works, eto
5,6,15
Bonds, outstanding, issued, prices, sales, yields
18-20
Brass and bronze.
,
33
Brick
.....;•
38
Broker's balances.
20
Building and construction materials
,,
5,
6,8,10,31,36,38
Building costs.
9,10
Building permits.
...,,.....,.
9
Business incorporations (new), failures. . , . . . . . , • ,
7
Business sales and inventories
4,5
Butter
27
Cans (tinplate).
33
Carloadings.
24
Cattle and calves
,
28
Cement and concrete products.
,;
8-10,38
Cereal and bakery products.
8
Chain-store sales, firms with 11 or more stores...
12
Cheese.
.,.,
27
Chemicals
4-6,8,13-15,19,22,23,25
Cigarettes and cigars
,
8,30
Clay products.
,
8,38
Coal.
,
4,8,22,24,35
Cocoa
.....'.,.....
23,29
Coffee
23,29
Coke*..
. . . . , . ; . . 24,35
Communication
. , . . . „ . , » . . . . 2,15,20, 24
Confectionery, sales
'.
29
t
Construction:
Contracts.
. .
9
Costs
. . . : . . . . . . ; . . . . . . 9,10
Employment unemployment hours, earnings.... 12-15
Fixed investment, structures
,
1
Highways and roads
' ]" * 9,10
Housing starts. . . . . . . • . , „ . , . ,
9
New construction put in place.
v..,,..
9
Consumer credit.
„.,,...,
17,18
Consumer expenditures
..,.,,,
1
Consumer goods output, Index
.»...,.,.,
3,4
Consumer price index, , , , , 1 . . . . . . . „ . . ' , ,
7
Copper.
23,33
Corn
'..,,,.
,,...._.
27
Cost of living (see Consumer price index)........
7
Cotton, raw and manufactures
7,8,22,38, 39
Cottonseed cake and meal and oil
30
Credit, short- and intermediate-term........
17,18
Crops.
,
., 3,7,27,28,30,38
Crude oil and natural g a s . . . . . . , , , . . , , .
... 4,35
Currency in circulation.»
...I;/.!*,:!!'.*. 1 !!!* * 19
Dairy products
,
3,7,8,27
Debits, bank
,.,,.
.,,
15
t
Debt, tl.S Government
18
Department stores.............. 1,
11, 12,17
Deposits, bank
!!...'.. 16,17,19
Disputes, industrial.
..
;
16
Distilled spirits
,
26
Dividend payments, rates, and yields.. . . , ! 1 2,3,18-21
Drug stores, sales.
,
...........
, 11,12
Hardware stores.
,,..«',.....'
,.
11
Heating equipment. ..,
, . . , . . 8,34
Hides and skins
,
'; 8,30
Highways and roads. . . . « , , . ! . , • ,
9,10
Hogs
,..'
.V.
28
Home electronic equipment
....:,.,,
8
Home Loan banks, outstanding advances
10
Home mortgages.
10
Hosiery...»
,
40
Hotels..,.,....,..,
...,,.,
24
Hours of work per week, f
, , . . » » „ » 13-15
Housefurnisbings,.,.'
,.,
1,4,7,8,10-12
Household appliances and radios........... 4,8, llf 34
Housing starts and permits
9
•Imports (see also individual commodities)..... lt*22,23
Income, p e r s o n a l , . . , , , . , . , , , . , , . . , . , . , .
2,3
Income and employment tax receipts
,...„,,.
18
Industrial production indexes;
By industry.....,....,..;,.,
3,4
By market grouping,
..,....»
'..-„,
3,4
Installment credit...,'
. . . . . . . . . . . 12,17,18
Installment sales, department stores,...,,..,...
12
Instruments and related products..,.,...,. 3,5,13-15
Insurance, life.
18,19
Interest and money rates
,
,.
17
Inventories, manufacturers* and tra$e,
4-6,11,12
Inventory-sales ratios. , . , „ ' . .
,»......
5
Iron and steel......... 3,5,6,8,10,15,19,22, 23,32,33
Labor advertising index, strikes, t u r n o v e r . , , . , , .
16
Labor force.
„
12
Lamb and mutton.,
28
Lard
28
Lead
33
Leather and products
3,8,13-15,30,31
Life insurance
,..*....
18,19
Linseed oil. „
,
,„..»,,30
Livestock..
3,7,8,24,28
Loans, real estate, agricultural, bank, brokers*
(see also Consumer credit),
,. 10,16,17,20
Lubricants,.......
35,36
Lumber and products,
,, „ 3,8,10-15,19,31
Machine tools,
-...,..»,,.,,
34
Machinery..... 'i........
3,5,6,8,13-15,19,22,34
Mail order houses, sales,,..,.-,
.,...,.,.
11
Man-hours, aggregate, and indexes
14
Manmade fibers and manufactures,
8,39
Manufacturers* sales (or shipments), inventories,
orders.
,.,.......,,.
4-6
Manufacturing employment, unemployment production workers, hours, man-hours, earnings.., 12-15
Manufacturing production indexes
3,4
Margarine
,.,,.,;...,..»,.,,,....,,,.,
29
Meat animals and meats.,
; . . . 3,7,8,22,23,28
Medical and personal care
,
7
Metals,
3^6,8,19,22,23,32-34
Milk.....
....,./.
;.....
27
Mining and minerals.
.... 2-4,8,13-15,19,20
Monetary statistics
19
Money s u p p l y . . . » . . . , , . . . . , . . . . . . . , . . , . . . , . . .
19
Mortgage applications, loans, rates. . . . . . . . . . 10,16,17
Motor carriers.
*
23,24
Motor v e h i c l e s , , . . , . , , , . ; . ; 1,3-8,10,11,15,19,22,40
Motors and generators,
34
National defense expenditures.,
1, t8
National income and product....
.,
_; \" lf 2
National parks, visits. , . , . . . . . . . . ,
,.,»,,
24
Newsprint
.'.-................. . . . , _ 23,37
New York 3toek Exchange, selected data..
., 20,21
Nonferrous metals..,
3,8,19,22,23,33,34
Noninstallment c r e d i t . . . . . , . . . . . . . . . , , . . . , . . . , 17,18
Oats...;../...-...-..
„
,./.'.„
27,
Oil burners,'.. A . , / , , . ' . . , . . . . . , , , . , y . ' . . „ „ , , . „ - /. ' 34, •
Oils and f a t s . , , . . , » . . ,
,...
[. 8^22,29,30
Orders, new and unfilled, manufactures*.. 1 ! , . » . * * 6
Ordnance.
. , , , _ . , " ; 13-15
Paint and paint materials,
,
t\,, t . ; • 8,25
Panama Canal traffic. . , . . . ' „ , . i , , . , - . ' . , , , . 1 . , , .'* 24
Paper and products and pulp, . . . . . ] , . * . ,
3,
„.
.
5,6,8,13-15,19,23,36,37
Parity ratio.,.;...».
..,/..»...'......•
7Passports issued
...,,,.,,,.,,,.!!*'
24
Personal consumption expenditures.,,,;,,/,;,...
1
Personal income
. . , . . , . . . , , . . . . , . . . . . . . , , 2,3
Personal outlays,,. »... 1 . /..;•'„',.,..',..."...'.,!!!]
2
Petroleum and products
/
..
/
4-6,
„
6» 11,-13-15,19* 22,23* 35,36
Pig iron. ....-';
•.',.;• T v . . . . . .
,.,'
....
3^
Plant and equipment expenditures. ..
. . . . . . . 2,20
Plastics and resin materials............. t
25
Population,
v.,.,..
12
go*. • • v
-....'.,,'.'.'.".'.]'.l\'.
28
Postal savings
,,...,.,.
17
Poultry and e g g s , » , . , . . . . . ,
, . . . , ] . 1 . . . [ 3,7,29
Prices (see also individual commodities).....
7,8
Printing «nd publishing..,..............;,., 4,1$-15
Profits, corporate.....
,
.'.-.,, .,
, 2,19
Public utilities.,,.,.,.,,.
2-4,7-9,13, IS, 19-21
Pullman Company...».,
,
24
Pulp and p u l p w o o d . . . . . , . ' . , . , . , . . , . ; . . . , . i [ ' i .
36
Purchasing power of the dollar
.....»..,.»
8
Radiators and cpnvectors,...,,...' l -...'........;,.
34
Radio and television..,..
.....
4 io. 11»34
Railroads.,..,.,..,...,.,.,. 2,13,14, is, 20,21, 24,40
Railways (local) and bus lines..;,.. -...,-,../..., 15,23
Rayon and acetate. *
39
t .....\ . . . . . . . . . . .
Real estate, . ; . . , . »
,
10, 17,18
Receipts, ILS, Government,
18
• -Recreation...........,.;,;'-../
;,...»......
7
Refrigerators and home freezers
..'...."...I!
34
Rent (housing),...,.......;..,. .
7
Retail trade,..:
. . . . . , . . . ; . 4,5,7.11-15, 17,18
Rice...,-.;...
;,.,,....
27
wt,.Roofing and siding, asphalt.
36
Rubber and products (incl. plastics),
4-6,
8,
23,37
Saving, p e r s o n a l . , . . . . . . . , . . , . . , , . . .
2
Savings deposits.........,..,.,.,
..,.;..
17
Securities issued. — . . . , . . ; » , . . . . . . . . . . . . , . . , . 19,20
Security markets, ,, ,. ,
. . , . , . , , . „ / » , , « , , , 20,21
Services,...'.'..,..,
..,.'..
1,7, 13,15
Sheep and lambs
,
» . . . . . . . , * 28
Shoes and other f o o t w e a r , . . . . . . . . . . . . . . . . |L 11, 12,31
Silver,... I
,.,....
19
Soybean cake and meal and o i l , . . . . . . . . . . . . . . . .
30
Spindle activity, cotton,
39
Steel (raw) and steel manufactures . . , . , . , . . . , i . 32,33
Steel scrap. /.;.......'.,
...'
,-.,.'
32
Stock prices, earnings, sales, etc,
20,21
Stone, clay, glass products
3-5,8,13-15, 19,38
Stoves and ranges
. 34
Sugar, . . » ,
...,,,;
.;..,•
23,29
Sulfur...
25
Sulfuric acid
^ .>
25
Superphosphate,,'..«.......,...-...............
25
Tea imports ....... . . , . . . . . . ; , . . . . : . v » .,..;....
29
Telephone and telegraph carriers . . . . . . . . . . . . . . . IS, 24
Television and radio ........ . , , , , , ....... 4, 10, 11, 34
Textiles and products, . 3, 5, 6, 8, 13-15, 19, 22, 23, 38-40
Tin. . . . ...... . ........ ; . . . . . ...... , ......... 23,33
Tires and inner tubes___.
................
8, 11, 12, 37
Tobacco and manufactures. . . . . . . . . . 4-8, 10, 13-15,30
Tractors, ..... 1 . . . . . . . , . . . . ; . . . . . . . . . . . . . . , . . 22, 34
Trade (retail and wholesale) .. . . . . . ....... . 4, 5, 11, 12
Transit lines, local, .... ........... t .......... , . 15, 23
Transportation ......... , . :____... 1, 2, 7, 13, 15,23, 24
Transportation equipment. , . . . . , ; . . , 3-0, 13-15, 19, 40
Travel. ....... ........ , , , . . . . , . . . . . . ' ..... ; . . 23,24
Truck trailers____. ........ ' . . . . . . ; . . . . . . . . , , . ,
40
Trucks (industrial and other) . . ..... , ........ 1 . . 34, 40
Unemployment and insurance. . . . , , . . , . . , . . , . . , 12, 16
U.S. Government bonds ........ ............. 16-18,20
U.S. Government finance. , ...... ' . . : . , . . . , - , . , , , .
18
Utilities .......... ; ....... . . . . 2-4,9, 13, 15, 19-21,26
Vacuum cleaners. ....... . ............ , ;
......
34
Variety stores ........ ... .'.' .......... .____•'. , . . . 11,12
Vegetable oUs. ...... ..... . . . . . , - . . . . : . . ; . .' ....... 30
Vegetables and fruits ...... ; . . , . . . . . . . . .____v' . 7, 8, 22
Veterans* benefits. ......____. . . . . ......... .... 16, 18
Wages and salaries, . . . . . . . . .____. > ........ 2, 3t 14, 15
Washers and driers. .......... ; . ..... ....... ...
34
Water heaters, ........... . ........ ... ....... . .
34
Waterway traffic. . . . . . . . . .
.................
*.
24
Wheat and wheatflour.. . . . . . . ..... . . . . . . . . . . .
28
Wholesale price indexes. , .......... * . , - . , . ', — »
8
Wholesale trade. . . , , . , . , , . , . . , . . . . . . , . . 4,5,7,13-15
Wood pulp.. ...... . ...... .....____. . ........ .
36
Wool and wool manufactures ..... . ....... . . 7, 8, 23, 39
33,34
UNITED STATES _
POSTAGE AND FEES PAID
U.S. GOVERNMENT PRINTING OFFICE
GOVERNM!
D I V I S I O N OF PUBLIC
DOCUMENTS
WASHINGTON, D.C. 20402
First-Class Mail
OFFICIAL BUSINESS
Now Available . . .
BUSINESS
STATISTICS
1967 Biennial Edition
THE SIXTEENTH VOLUME in a series of statistical supplements to the monthly
SURVEY OF CURRENT BUSINESS, the new edition provides, for the past quarter century,
historical data for more than 2,500 series.
For most series, annual data are presented back to 1939. Quarterly statistics back
to 1956 are shown for those series ordinarily published on a quarterly basis, and monthly
data back to 1963 are given for monthly series. Also included in this volume is an appendix providing monthly or quarterly data back to 1947 for 350 of the more important
economic series. Color keyed explanatory notes to the time series define terms, give
sources of data, and describe the methods of compilation used.
Price, $2.50. Orders may be placed with the
Superintendent of Documents, U.S. Government
Printing Office, Washington, D.C. 20402, or with
any Field Office of the
U.S. DEPARTMENT OF COMMERCE
@FedFRASER