Full text of Survey of Current Business : June 1965
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JUNE 1965 / VOLUME 45 NUMBER
6
SURVEY OP CURRENT BUSINESS
CONTENTS
THE BUSINESS SITUATION
John T. Connor / Secretary
Summary
1
Capital Expenditures to Bise Throughout 1965
Manufacturers* Inventory and Sales Expectations—
Second and Third Quarters of 1965
3
7
ARTICLES
10
Foreign Travel Payments Hit New High in 1964
25
National Income and Corporate Profits Tables
29
. , ; , ' : ; ; NEW OR,REVISED STATISTICAL SERIES.
. . - ' ' ' ; . '
.
Andrew F. Brimmer /Assistant Seere**
taryfor Economic Affairs
'Office of
Economics ~
George Jaszi / Director
Morris R. Goldman Louis J. Paradise
Associate Directors
Murray F* FOBS / Editor
The Balance of Payments in the First Quarter of 1965
Indexes of Industrial Production
u.s.
31
MONTHLY BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index {Inside Back Cover)
Leo V. Barry, Jr. / Statistics Editor
Billy Jo Hurley / Graphics
Business Review and Features;
David R. Hull, Jr.
Genevieve B. Wimsatt
Marie P, Hertagberg.
•- •
Articles: . •
.\--._ '
. Samuel Piager
'-Evelyn M. Parrish .
.Etienne H. Miller
..-'"'
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the BUSINESS SITUATION
BUSINESS continued to advance during May, with many important measures of economic activity rising to new
peaks. Personal income showed a
modest gain from April; nonfarm employment and industrial output also
moved up. The unemployment rate
declined to its lowest point in more than
7K years. Ketail sales rose sharply and
regained their February peak. Most of
the increase in sales was in nondurable
goods. It is now evident that gross
national product will show a goodsized rise in the second quarter, following the exceptionally large advance in
the first.
A strong indication of rising activity
in the months ahead is provided by the
most recent survey of business investment programs, which is reported in
detail in this issue. Expenditures for
new plant and equipment are expected
to increase throughout the year, and
for the full year 1965, they are scheduled to advance 12% percent over 1964.
The slight upward revision from the
results reported 3 months ago reflects a
step-up in projected outlays in the
second half of the year.
Stock prices declined fairly steadily between mid-May and mid-June. Standard and Poor's 500 stock price index
dropped about 7 percent from its May
13 high point to the level registered at
the end of 1964.
of the increase. Manufacturing payrolls, which dipped slightly in April,
were up $K billion as a longer workweek
and increased overtime raised average
weekly earnings to a new high. Trade
and service industry payrolls continued
to trend higher.
Personal income
10
Personal income rose $2 billion in May
to a $51Z billion seasonally adjusted
annual rate. Private wage and salary
disbursements accounted for two-thirds
Employment up, unemployment rate
lower
Plant and Equipment Expenditures Are
Expected to Rise Throughout 1965
Billion $
60
TOTAL BUSINESS
50
40
30
20
10
30
MANUFACTURING
20
';
10
40
NONMANUFACTURING
20
1961
62
63
'
1964
'
1965*
Quarterly
Seasonally Adjusted, at Annual Rates
* Last three quarters are anticipated
U.S. Department of Commerce, Office of Business Economics
Disbursements to government workers rose $0.3 billion. This rise was in
line with gains in earlier months and
reflected primarily the steady uptrend
in State and local government employment. Nonpayroll incomes showed
small advances from April.
Data: OBE-SEC
65-6-1
Employment in nonagricultural establishments, which dropped by 75,000
from March to April, rebounded to a
new high in May, after seasonal
adjustment. The 150,000 increase took
place in private industries other than
manufacturing, and in State and local
government. Employment in trade
and service industries rose substantially and accounted for nearly threefifths of the total increase. Employment in contract construction recovered
somewhat, although it still remained
about 70,000 below the first quarter
peak.
In manufacturing, employment was
about equal to the April high, with
only small changes in most industries.
The only significant cutback—15,000
workers—took place in primary metals
industries; this reduction was related
to a slowing of mill finishing operations
after the labor contract extension.
The largest increase occurred in the
electrical and nonelectrical machinery
industries.
The overall rise in employment last
month exceeded the rise in the civilian
labor force, after seasonal adjustment,
and unemployment was substantially
reduced—especially among the longterm jobless. The seasonally adjusted
1
SURVEY OF CURRENT BUSINESS
unemployment rate fell from 4.9 percent
to 4.6 percent, its lowest point since
October 1957. Rates of unemployment
for all measured age and sex groups
were down.
Industrial output edges higher
Industrial production showed only
fractional increases in April and May.
Auto and steel output continued at
near record rates, and there was some
additional gain in output of business
equipment. Production of nondurable
manufactures has been relatively stable.
Steel mill operations tended downward in the 3 weeks following the
agreement to extend the labor contract,
but improved in the last half of May.
The industry turned out about 12
million tons of ingot steel in May,
little changed from the record April
rate, after seasonal adjustment.
Steel inventories declined in April
after rising steadily for more than a
year. All of the drop occurred at producing mills, which have been cutting
back their stocks since January. The
reduction was especially pronounced in
March and April. As of April 30, mill
inventories were the lowest since the
fall of 1963, when steel ingot output
was some 30 percent lower than it has
been recently.
Manufacturing consumers, in contrast, continued to increase their stocks,
adding 1.3 million tons during April.
End-of-April stocks reached a record
15 million tons, some 5.4 million tons
above the end of September 1964, when
the buildup began.
The auto industry is still producing
cars and trucks at a rapid rate. Output was around 1 million units in both
April and May, and a similar volume
is programed for June. In March, the
industry turned out a record of more
than 1.1 million units. Output in the
CHART 2
Corporate Profits After Tax and Corporate Gross Product
June 1965
April-June period would be below
March after rough allowances for seasonal influences.
Retail sales rise
Consumer demand was strong in
May. Retail store sales rose sharply
from April and were about equal to
the record high of February, a month
when the unusual pace of auto dealer
sales boosted total volume.
While the improvement in sales was
general by major lines of trade, it was
most pronounced at nondurable goods
stores, where sales rose 3 percent to a
new peak. Sales at durable goods
stores, although up slightly from April
to May, were still running below the
first-quarter rate because of a decline
in new car sales. Retail dealers sold 8
million new domestically produced passenger cars in May, at a seasonally adjusted annual ~ rate. This was down
from a rate of 8.2 million in April, 8.7
million in March, and a peak of about
9.5 million in January and February of
this year.
Inventories of new cars in the hands
of dealers rose sharply in May to a
record seasonally adjusted total of 1.2
million units. The stock-sales ratio
moved up for the fourth consecutive
month and at 1.80 was close to the
June 1964 high of 1.84.
First quarter corporate profits
16
Note.-—Percentages represent the ratio of corporate
profits after tax to corporate gross product.
I-'
100
150
200
r
250
I
I
300
350
Corporate Gross Product - Billion $
Note.—Data are seasonally adjusted at annual rates and exclude profits originating in the rest of the world.
U.S. Department of Commerce, Office of Business Economics
12
400
First quarter corporate profits and
national income are shown in the tables
on pages 29 and 30. Profits before tax,
including the inventory valuation adjustment, are now estimated at $62.9
billion (seasonally adjusted annual
rate), almost $6 billion above the
fourth-quarter 1964 rate.
Chart 2 depicts corporate profits
after tax in relation to corporate output. Two aspects of the chart are
especially striking: The almost uninterrupted rise in profits since the recession trough in early 1961 and the
fact that profits have also been increasing fairly steadily in relation to corporate output. As the chart shows, the
ratio of after-tax profits to corporate
output in the first quarter of 1965 was
higher than at any time since the second
quarter of 1956.
Capital Expenditures To Rise Throughout 1965
ALANT and equipment investment will
continue to move upward and provide
a stimulus to the economy during the
remainder of 1965, according to the
latest survey of business investment
intentions conducted in late April and
in May by the Office of Business Economics and the Securities and Exchange
Commission. Expenditures for new
plant and equipment are programed at
successively higher rates in each quarter.
For the year as a whole, expenditures
are likely to reach an alltime high of
$50.4 billion.1 This exceeds last year's
outlays by ¥1% percent, just short of
the increase of 14 percent from 1963
to 1964.
Projected outlays for 1965 are 0.5
percent higher than those indicated by
the survey 3 months ago; most industries reported small increases in their
investment programs. The automobile and petroleum industries made
large upward revisions; programs in the
commercial group were scaled down.
The upward revision in 1965 capital
investment programs is concentrated
in the second half of the year. Actual
spending in the first quarter and the
anticipation for the second are quite
close to plans reported earlier. Expenditures are now scheduled to rise
about 2K percent in both the third and
fourth quarters, a somewhat smaller
rate of increase than in the last three
quarters of 1964. (See table 1.)
plant and equipment were at a seasonally adjusted annual rate of $20%
billion, 3 percent above the fourth
quarter of 1964. Investment programs
now provide for further increases
throughout the year; spending in the
fourth quarter is expected to reach an
annual rate of $22% billion. Among
the durable goods industries, motor
CHART 3
Plant and Equipment Expenditures
are now expected to rise 12^2 percent
from 1964 to 1965—-slightly more than
was anticipated in February
Percent Change
20 ^]
15
Quarterly movements
In the first quarter of 1965, expenditures by manufacturers for new
1. The reported figures for anticipations are adjusted, when
necessary, for systematic biases. (See footnote 2, table 6, for
a description of the methodology.) Anticipated expenditures for the year 1965 before the application of adjustment
factors were $49.56 billion for all industries, $21.79 billion for
manufacturing, and $27.77 billion for nonmanufacturing.
The adjustments are applied separately to each industry.
Their net effect on total manufacturing was close to zero; the
nonmanufacturing total was raised about $900 million, with
the bulk of the adjustment in the commercial group.
vehicle companies accounted for the
bulk of the first quarter advance in
outlays; nonelectrical machinery and
primary iron and steel producers will
account for most of the subsequent rise.
Nondurable goods manufacturers
project rising expenditures through the
third quarter and some leveling in the
spending rate in the fourth. All component groups, except chemicals, plan
to raise investment outlays through the
third quarter; for the final months of
the year, the pattern is mixed. Chemical companies anticipate little change
in outlays from the record rate in early
1965.
Plans for the nonmanufacturing industries as a whole imply a minor
increase in capital expenditures through
the third quarter and an acceleration
in the fourth. Within the group, the
pattern is mixed during the first three
quarters, but all major industries except
mining expect a rise in the fourth.
If these expectations materialize,
capital outlays will reach a seasonally
adjusted annual rate of $52 billion in
the fourth quarter, a total 55 percent
higher than the cyclical low in 1.961.
This advance represents a quarterly rise
of 3. percent for 18 quarters, as compared with 5 percent for 10 quarters
in the 1955-57 expansion and 4 percent
for 15 quarters in the expansion of
1949-53. Rising prices accounted for
part of the increases but for less in
the current advance than in the two
earlier ones. After removal of price
effects, the average quarterly rise was
about the same in each of the investment upswings—approximately 2 %
percent.
Factors bearing on realisation of current programs
1963
U.S. Department of Commerce, Office of Business Economics
Sales trends have an important bearing on the realization of investment
plans. Business sales rose sharply in
3
the first quarter to an alltime high
in March and fell slightly during April.
The annual rate of sales in this 4month period was slightly higher than
businessmen's expectations for the full
year 1965 as reported in the February
survey. As discussed elsewhere in this
issue, manufacturers anticipate further
sales increases in the third quarter,
after a sidewise movement in the
second. May retail sales were back
to the record February rate after declining in March and recovering partially
in April.
The rate of capacity utilization is an
important influence on investment decisions. Evaluations of capacity reported
in the plant and equipment survey
indicate that producers holding 42
percent of total manufacturing assets
regarded their existing plant and equipment on March 31, 1965, as inadequate
for their expected operations over the
next 12 months. The corresponding
figure a year earlier was 36 percent.
There was little change during this
period in the proportion of producers
who felt that their fixed assets were in
excess of their needs.
Orders for machinery and equipment
rose to an alltime high in the first 4
months of this year. Since these orders
typically lead capital investment by 6
to 9 months, a rising trend in expenditures for the balance of the year is
implied.
Manufacturing Programs
As is usual in periods of substantial
investment expansion, manufacturers
are setting the pace. They are planning
an increase of 17 percent over expenditures in 1964 to a record $21% billion;
expenditures rose 18 percent from 1963
to 1964.
SURVEY OF CURRENT BUSINESS
June 1965
Both the durable and nondurable
goods groups are scheduling expenditures of nearly $11 billion. For durables, the planned increase over 1964 is
15 percent; this compares with an
actual rise of 20 percent from 1963 to
1964. For nondurables, the projected
advance of nearly one-fifth is a little
larger than for the preceding year.
As noted earlier, motor vehicle producers have revised their 1965 investment programs sharply—from $1.7
billion in February to $1.9 billion in
May. If these plans are realized,
expenditures for the year will rise 25
percent from 1964, following an increase
of more than 40 percent last year.
Outlays by the industry in the first
quarter exceeded the 1956 peak quarterly rate for the first time. Producers
of other transportation equipment have
also raised their sights since the survey
taken 3 months ago. They now plan
to increase capital outlays by 10
percent from 1964 to 1965 as compared
with no change projected in February.
The outlays of these producers dropped
10 percent from 1963 to 1964. Benefiting from the buoyant market for
capital goods, nonelectrical machinery
producers are scheduling one of the
largest year-to-year increases in investment outlays—one-fifth—in the durable
goods group.
Iron and steel companies, which have
engaged in large replacement and expansion programs in recent years, are
contemplating a more modest increase—
9 percent—over 1964. By the third
quarter of 1965, outlays will equal the
earlier quarterly record set in 1957.
Petroleum, textile, and chemical companies are largely responsible for the
somewhat greater expansion in investment by the nondurable goods industries
in 1965 than in 1964. For petroleum
companies, this year's expenditures
are expected to total $4 billion, up
18 percent from 1964. Programed expenditures by textile and chemical
companies are up 31 percent and 24
percent, respectively, from 1964. Paper
companies are also scheduling a sub-
CHART 4
Plant and Equipment Expenditures
Billion $ (ratio scale)
4.0 —DURABLE GOODS MANUFACTURING
———
3.0
4.0
—NONDURABLE GOODS MANUFACTURING
Commercial and Communications
Table 1.—Plant and Equipment Expenditures 1964 and Anticipated 1965
-
-
Public Itilities
^o~o~^
[Billions of dollars, seasonally adjusted at annual rates]
1
19 65
19 54
All industries
-
Durable goods
Nonmanufacturing
_
..
-
/°
Tran spoliation im,1. Railroads
I
II
III
IV
I
III
IIIi
IV i
,42.55
43.50
45.65
47.75
49.00
49.60
50.80
52.10
17.40
8.85
8.55
17. 80
9.00
8.80
18.85
9.60
9.20
20.15
10.15
10.00
20.75
10.40
10.40
21.25
10.45
10.85
22.35
11.20
11.20
22.55
11.45
11.10
25.10
25.75
26.80
27.60
28.25
28.30
28.40
29.55
I I I
1961
i l l
62
i l l
63
I I 1
64
65
Quarterly
Seasonally Adjusted, at Annual Rates
i Anticipated.
Source: U.S. Department of Commerce, Office of Business Economics, and Securities and Exchange Commission.
o Anticipated
U.S. Department of Commerce, Office of Business Economics
Data: OBE-SEC
65-6-4
SURVEY OF CUERENT BUSINESS
June 1965
stantial advance in capital expenditures—22 percent—a somewhat lower
rate of advance than in 1964.
Carryover and starts of investment
projects
Expenditures yet to be made by
manufacturers on projects already
underway totaled $14% billion at the
end of March—$2 billion more than at
the end of December and almost $4}£
billion above March 1964. (See table
3.) Projects already started or on
order are a somewhat firmer component
of planned investment than projects
still in the planning stage. Carryover
has also been increasing relative to
prospective expenditures. At the end
of the first quarter, carryover represented 70 percent of the average quarterly rate of expenditures anticipated
for the remainder of this year. The
corresponding figure a year ago was
60 percent. Both the durable and nondurable goods groups report substantial
increases in carryover over the past
year and increasing proportions of
carryover to total spending programs.
New projects undertaken by manufacturers during the first quarter of
1965 totaled $6% billion, as against
$5 billion in the corresponding period a
year ago. (See table 4.) All major
industries, except petroleum, contribTable 2.—Percent Change in Plant and
Equipment Expenditures; 1963-65
Actual, 1964 to
anticipated 1965
as reported
in—
Actual,
1963-64
February
All industries 1
May
14.5
11.7
12.3
18.4
15.9
17.2
Durable goods *
Primary metals
..
Machinery
_ _ .»
Transportation equipment
Stone, clay, and glass
20.0
31.1
19.2
25.0
10.7
13.6
17.1
18.7
8.0
18.2
15.5
14.0
18.6
21.3
19.4
Nondurable goods *
Food and beverage
Textile
Paper. .
Chemical
Petroleum
16.9
9.5
17.2
30.0
22.4
15.0
18.2
10.9
35.8
13.3
24.3
12.6
18.9
4.4
31.0
22.2
23.8
17.6
10.8
Manufacturing
Mining
._
__
Railroad
Transportation, other than rail. ..
Public utilities
.
Communications
Commercial and other
14.0
10.5
27.5
15.1
15.7
,24.0
8.1
11.2
10.1
5.5
7.3
13.4
8.0
}„
8.2
i Includes industries not shown separately.
Source: U.S. Department of Commerce, Office of Business
Economics, and Securities and Exchange Commission.
uted to this rise. New projects started
by petroleum companies were lower
than in the first quarter of 1964.
The period for which data on starts
are available is not long enough to
permit elimination of the seasonal pattern. However, a comparison of starts
in given quarters with their corresponding quarters a year earlier
provides a rough indication of quarterly
tendencies. Such a comparison indicates that the relative increase over a
year earlier was smaller in the first
quarter of 1965 than in the fourth
quarter of 1964, but higher than in the
first three quarters of 1964.
equipment facilities to meet expected
production schedules indicate some
increase in pressures on capacity. Companies holding 42 percent of total fixed
assets in manufacturing reported that
their facilities on March 31, 1965, were
inadequate for near-term needs; the
proportion of assets held by firms reporting facilities in excess of prospective needs was only 6 percent.2 The
corresponding figures a year earlier were
36 and 6 percent, respectively. The
increase of 6 percentage points between
March 1964 and March 1965 in the
"capacity inadequate" group compares
Manufacturers9 evaluations of
capacity
2. The question on evaluation of capacity needs is carried
in the regular quarterly plant and equipment expenditure
schedule sent to manufacturers. For a discussion of the
nature and limitations of the inquiry, as well as methodological procedures, see the April 1965 issue of the SURVEY.
Reports by manufacturers on the
adequacy of their existing plant and
Table 3.—Carryover of Plant and Equipment Projects, Manufacturing and Public Utilities 1
[Billions of dollars]
1962
Decem- March
ber
June
1965
1964
1963
Sep- Decem- March
tember ber
June
Sep- Decem- March
tember ber
(End of period)
Manufacturing 2
Durable goods
Primary metals
Electrical Machinery
Machinery excluding electrical...
Transportation equipment
Stone,* clay, and glass
Nondurable goods 2
Food and beverage
Textile
Paper .
Chemical
Petroleum
Public Utilities
_ __.
7.21
3.99
1.66
.33
.25
.87
.31
8.61
4.84
1.97
.37
.56
1.10
.32
9.00
5.15
2.08
.36
.48
1.40
.30
9.18
5.25
2.27
.33
.40
1.37
.32
9.08
5.05
2.23
.32
.31
1.36
.29
10.38
5.61
2.30
.33
.53
1.48
.33
11.26
5.95
2.56
.37
.48
1.63
.38
11.88
6.21
2.59
.41
.41
1.86
.39
12.63
6.62
2.74
.41
.43
2.02
.40
14.73
7.98
3.05
.51
.85
2.31
.52
3.23
.34
.17
.36
1.03
L02
3.78
.42
.16
.52
1.01
1.32
3.85
.41
.15
.56
1.01
1.40
3.94
.36
.14
.61
1.11
1.41
4.03
.41
.20
.59
1.03
1.50
4.78
.42
.26
.61
1.26
1.90
5.31
.40
.28
.78
1.39
2.10
5.68
.40
.28
.77
1.61
2.23
6.01
.54
.29
.77
1.59
2.43
6.75
.60
.37
.88
1.74
2.62
5.07
6.13
6.40
5.58
5.46
36.62
36.53
36.09
5.65
7.64
1 Carryover refers to expenditures yet to be incurred on plant and equipment projects already underway.
2 Includes industries not shown separately,
a Kevised.
Source: U.S. Department of Commerce, Office of Business Economics, and Securities and Exchange Commission.
Table 4.—Starts of New Plant and Equipment 1Projects—Manufacturing and Public
Utilities
[Billions of dollars]
1963
1964
Manufacturing 2
17.56 22.17
Durable goods
8.91 10.99
Primary metals
2.22 2.68
Electrical machinery
.68
.76
Machinery excluding electrical
1.31 1.76
Transportation equipment^
2.09 2.66
Stone, clay and glass
.59
.79
8.64 11.17
Nondurable goods 2
Food and beverage.-.
„„„_,_ 1.04 1.19
.84
.68
Textile
Paper
.95 1.11
Chemical
1.61 2.52
Petroleum
1.26 4.29
6.04 36.41
Public Utilities
1964
1963
Annual
I
II
III
4.68
2.47
.63
.20
.59
.55
.14
2.20
.30
.14
.30
.34
.89
2.10
4.30
2.27
.51
.17
.22
.70
.14
2.03
.25
.17
.21
.39
.78
1.67
4.13
2.06
.64
.14
.21
.39
.17
2.07
.20
.14
.24
.49
.77
.78
IV
I
II
1965
III
IV
4.42 5.10 5.41 5.29 6.37
2.12 2.48 2.65 2.63 3.24
.84
.58
.46
.50
.77
.18
.20
.20
.20
.16
.34
.52
.30
.55
.36
.63
.77
.78
.45
.49
.14
.18
.20
.22
.19
2.30 2.61
2.76 2.68 3.13
.24
.42
.27
.29
.26
.19
.26
.23
.20
.19
.29
.40
.23
.20
.19
.72
.61
.38
.59
.60
.97 1.18
.96 1.10 1.03
1.48 32.34 31.48 31.27 31.32
1 Starts are estimated by adding changes in carryover to expenditures during the given period.
Includes industries not shown separately.
3 Eevised.
Source: U.S. Department of Commerce, Office of Business Economics, and Securities and Exchange Commission.
2
I
6.64
3.62
.80
.25
.83
.81
.28
3.02
.32
.28
.34
.71
.98
3.30
SURVEY OF CURRENT BUSINESS
6
June 1965
Table 5. —Manufacturers' Evaluation of Their Capacity
[Percent distribution of gross capital assets]»
Dec. 31. 1963
Mar. 31, 1964
Existing
More
plant
plant
About
and
and
equipadeequipment
quate ment
needed
exceeds
needs
Sept. 30, 1964
Dec. 31, 1964
Mar. 31, 1965
Existing
More
plant
plant
and About and
equipequip- adement quate ment
exceeds
needed
needs
Existing
More
plant
plant
and About
and
equip- adeequipment quate ment
needed
exceeds
needs
More
Existing
plant
plant
and About and
equip- adeequipment
quate ment
needed
exceeds
needs
June 30, 1964
Existing
Existing More
More
plant
plant
plant plant
and About and
and About and
equipequip- adeequip- equip- adement quate ment
ment quate ment
exceeds
needed
exceeds needed
needs
needs
All manufacturing
40
52
8
36
58
6
38
56
6
39
56
5
43
51
6
42
52
6
Durable goods 2
Primary metals 3 __
Metal fabricators
38
48
31
49
31
59
13
21
10
36
45
31
53
33
63
11
22
6
'36
45
30
55
39
64
9
16
6
36
43
32
56
42
64
g
15
4
41
44
41
51
42
54
8
14
5
42
48
39
50
38
56
g
14
42
39
61
33
55
52
38
67
3
35
29
69
23
62
64
30
77
3
7
1
40
32
77
23
57
58
22
77
3
10
1
(4)
41
34
77
24
56
56
22
76
3
10
1
(*)
46
39
79
28
51
50
20
72
3
11
1
(*)
43
37
79
24
54
54
20
76
3
9
1
__ __.
Nondurable goods 2
Food and beverage
Chemical
Petroleum and coal.
9
1
4
()
(4)
1. According to respondent companies' characterizations of their plant and equipment
facilities, taking into account their current and prospective sales for the next 12 months.
2. Includes industries not shown separately.
3. Includes machinery, transportation equipment, and fabricated metals industries.
5
(«)
4. Less than 0.5 percent.
Sources: U.S. Department of Commerce, Omce of Business Economics, and Securities and
Exchange Commission.
Table 6.—Expenditures for New Plant and Equipment by U.S. Business,11963-65
[Billions of dollars]
Quarterly, unadjusted
Annual
1963
1964
19652
1963
I
All industries
Manufacturing
tries
II
Quarterly, seasonally adjusted at annual rates
1965
1964
III
IV
I
II
III
I
IV
112
III 2
I
II
III
IV
39.22 44.90 50.40 8.25 9.74 10.14 11.09 9.40 11.11 11.54 12.84 10.79 12.63 12.92 36.95 38.05 40.00 41.20
indus-
Durable goods industries
Primary iron and
steel
Primary nonferrous
metal..
Electrical machinery and equipment
__ _
Machinery, except
electrical
Motor vehicles and
parts
Transportation
equipment, excluding motor
vehicles
Stone, clay and glass.
Other durable
goods 3
Nondurable goods industries-Food and beverage __
Textile
Paper
Chemical . __
Petrolenrn
Rubber
Other nondurable
goods *
15.69 18.58 21.78 3.27 3.92
1965
1964
1963
I
II
III
IV
I
112
III 2
42.55 43.50 45.65 47.75 49.00 49.60 50.80
3.95
4.56 3.79
4.53
4.67
5.59
4.54
5.40
5.57 14.85 15.30 15.95 16.45 17.40 17.80 18.85 20.15 20.75 21.25 22.35
1.96
2.31 1.93
7.85
9.43 10.89 1.62 1.96
2.30
2.37
2.83
2.25
2.67
2.77
7.35
7.65
8.00
8.30
8.85
9.00
9.60 10.15 10.40 10.45 11.20
1.24
1.69
1.84
.23
.30
.33
.39
.34
.40
.42
.54
.36
.45
.50
1.05
1.15
1.30
1.40
1.60
1.60
1.65
1.90
1.70
1.80
1.95
.48
.64
.09
.10
.12
.11
.09
.11
.13
.15
.14
.15
.16
.40
.40
.45
.40
.40
.45
.50
.55
.60
.60
.60
.41
.69
.66
.76
.15
.18
.16
.20
.14
.16
.16
.20
.15
.18
.18
.75
.75
.65
.65
.70
.65
.65
.70
.70
.75
.75
1.24
1.64
1.98
.27
.30
.28
.39
.33
.40
.40
.51
.41
.47
.51
1.20
1.15
1.20
1.40
1.45
1.55
1.75
1.80
1.80
1.85
2.20
1.06
1.51
1.89
.19
.28
.29
.30
.25
.37
.43
.47
.43
.47
.48
.90
1.05
1.10
1.10
1.25
1.35
1.65
1.80
2.10
1.75
1.85
.53
.61
.48
.68
.54
.81
.12
.13
.13
.16
.13
.15
.16
.17
.11
.14
.12
.17
.11
.17
.14
.19
.10
.16
.13
.21
.13
.19
.50
.55
.50
.55
.50
.45
.45
.50
.45
.50
.55
2.05
2.28
2.45
.44
.51
.51
.60
.51
.58
.56
.62
.51
.60
.61
7.84
.97
.64
.72
1.61
2.92
.24
9.16 10.89 1.65 1.95
1.06 1.11 .22 .26
.76
.99 .15 .18
.94 1.14 .14 .18
1.97 2.44 .36 .40
3.36 3.96 .59 .70
.33 .05 .06
.27
1.99
.25
.15
.19
.39
.76
.07
2.25 1.87
.24 .24
.17 .14
.21 .18
.47 .37
.87 .70
.07 .06
2.23
.27
.18
.22
.47
.84
.06
2.30
.27
.20
.24
.50
.84
.07
2.76
.28
.25
.30
.63
.99
.08
2.28
.25
.20
.22
.55
.79
.07
2.73
.30
.24
.27
.62
.98
.08
2.80
.28
.26
.30
.58
1.06
.09
7.50
.95
.65
.65
1.60
2.80
7.65
.95
.65
.70
1.55
2.80
8.00
1.00
.60
.75
1.60
3.00
8.15
.95
.65
.80
1.65
3.05
8.55
1.05
.60
.80
1.65
3.30
8.80
1.00
.65
.90
1.80
3.35
9.20 10.00 10.40 10.85 11.20
1.10 1.10 1.10 1.10 1.15
.90 1.10
.95
.85
.80
.95 1.05 1.05 1.10 1.15
2.05 2.25 2.50 2.45 2.40
3.30 3.50 3.70 3.95 4.15
.73
.80
.92
.15
.19
.18
.22
.18
.20
.19
.23
.19
.25
.22
1.04
1.19
1.32
.24
.26
.27
.28
.26
.29
.30
.33
.29
.34
.34
1.05
1.00
1.05
1.05
1.15
1.15
1.20
1.30
1.25
1.30
1.35
1.10
1.41
1.63
.21
.28
.29
.33
.32
.36
.37
.35
.39
.41
.39
.90
1.00
1.20
1.35
1.40
1.25
1.50
1.55
1.75
1.45
1.50
Transportation, other
than rail
1.92
2.38
2.64
.39
.54
.45
.54
Public utilities
5.65
6.22
6.67 1.04 1.40
1.60
3.79
4.30
.85
.95
.93
2.41
2.64
Mining
Railroad...
Communication
_
_ _
_
Commercial and other s__ 10.03 10.83
tl6.36
2.26
.51
.63
.59
.64
.58
.78
.60
1.70
2.05
1.85
2.10
2.30
2.25
2.40
2.60
2.55
2.75
2.50
1.61 1.18
1.58
1.71
1.76
1.32
1.66
1.82
5.20
5.45
5.90
5.80
5.95
6.30
6.30
6.35
6.80
6.60
6.60
.97
1.10
1.06
1.17
1.08
3.55
3.65
3.85
4.05
4.05
4.30
4.40
4.40
4.55
2.72 2.37
2.61
2.84
3.01 2.59
9.65
9.65 10.20
1.06
1. Data exclude expenditures of agricultural business and outlays charged to current
accounts.
2. Estimates are based on anticipated capital expenditures reported by business in May
1965. The estimates for the 2d quarter and 3d quarter of 1965 have been adjusted when
necessary for systematic tendencies in anticipatory data. The adjustment for each industry
and time period is based on the median ratio of actual to anticipated expenditures for the past
5 years. However, no adjustment is made unless the anticipations have shown a bias in
the same direction in at least 4 of the last 5 years and in at least two-thirds of all years since 1954.
3. Includes fabricated metal, lumber, furniture, instrument, ordnance, and miscellaneous
industries.
I 4.04
4.19
10.45 10.25 10.45 11.00 11.40 11.30
Il6.20 16.50
4. Includes apparel, tobacco, leather, and printing-publishing.
5. Includes trade, service, finance, and construction.
NOTE.—Details may not add to totals due to rounding. Data for earlier years were published in the June 1956, March 1958, 1960, 1961, 1962, 1963, and 1964 issues of the Survey of
(Current Business.
Sources: U.S. Department of Commerce, Office of Business Economics, and Securities
and Exchange Commission.
June 1965
with an increase of only 3 points from
December 1963 to December 1964.
At the end of March 1965, all major
industry groups showed higher proportions in the "capacity inadequate"
category than a year earlier. (See
table 5.) Primary metals, food and
beverage, and petroleum groups reported relatively larger advances in
this category from March 1964 to
March 1965 than from December 1963
to December 1964. The proportion of
assets viewed as inadequate varied
widely among the industries, ranging
from about one-fourth for petroleum
producers to about three-fourths for
the chemicals group.
Declines in the proportion of assets
considered in excess of needs were
general among the various industries
this March as compared with a year
ago. The food-beverage group was an
exception.
Nonmanufacturing Programs
Both rail and nonrail transportation
companies are planning further sub-
SURVEY OF CURRENT BUSINESS
stantial capital outlays this year,
amounting to $1.6 billion and $2.6
billion, respectively. For railroads, the
percentage rise over 1964 is scheduled
to be about one-sixth and follows three
successive annual increases of more than
one-fourth. As in the earlier years,
the expansion is primarily in outlays
for equipment.
All of the nonrail transportation
groups, except pipelines, are scheduling
higher expenditures this year than last,
but the rates of increase are lower
than from 1963 to 1964. For the
group as a whole and for most of its
components, programs for the second
half will show little change from the
rate established in the first half.
Public utility expenditures are expected to continue the rise that began
in 1963 following a 5-year downward
drift. Outlays for 1965 are programed
at $6% billion; this equals earlier record
levels and is 7 percent above last year.
Electric utilities account for most of the
rise over 1964 and all of the group's
further rise in the second half of this
year. The programs of electric power
companies are bolstered by sizable investment in long-distance and extrahigh voltage lines. Gas and other
utilities plan a small increase in expenditures from 1964 to 1965, and no
further growth is indicated for the latter
part of 1965.
Carryover of uncompleted projects
by utility companies totaled $7% billion
at the end of March, up $1 billion from a
year earlier. Projects with a total
anticipated cost of $3.3 billion were
started during the first quarter of this
year—up 40 percent from the corresponding period of 1964. This was a
considerable improvement over 1964
when starts rose only 6 percent from
1963.
Mining, communications, and commercial firms plan less-than-average
relative increases in investment from
1964 to 1965. Current schedules by the
commercial group call for expenditures
of $16.4 billion this year—up 8 percent
from 1964. Expenditures are scheduled
to, move upward to successive new highs
throughout 1965, after seasonal adjustment.
Manufacturers' Inventory and Sales ExpectationsSecond and Third Quarters of 1965
LANUFACTURERS plan to increase
their stocks in both the second and
third quarters of 1965 by about threequarters of a billion dollars, after seasonal adjustment, according to reports
submitted to the Office of Business
Economics in late April and in May.
These expected increases match the
rate of accumulation in the first quarter
of this year and the average rate of
1964, but they are not as large as the
increase in the final 3 months of 1964,
when steel stockpiling was particularly
heavy.
Sales are currently expected to remain at the high rate of early 1965 in
the second quarter, and then to rise
IK percent in the third, seasonally
adjusted. The leveling in sales in the
second quarter, after an uninterrupted
rise since the end of 1962, reflects primarily reductions in auto and steel
sales, which were abnormally high in
the first 3 months of this year. The
third quarter 1965 gain is about the
same magnitude as the average rise
in 1964.
Manufacturers considered their
March 31 inventories to be larger in
relation to needs than they were at the
end of 1964. Producers holding 16
percent of stocks characterized their
inventories as "high" on March 31,
as compared with 13 percent on December 31. The rise was attributable
primarily to steel users.
SURVEY OF CURRENT BUSINESS
8
Actual first quarter sales and inventories were quite close to those projected by both durable and nondurable
goods producers in the previous survey.
Sales projections for the second quarter
are currently somewhat stronger than
they were 3 months ago, when producers expected sales to decline 1 percent from the first quarter rate. The
anticipated inventory addition from
March 31 to June 30 has been reduced
from $900 million to $700 million. The
June 1965
after seasonal adjustment. In the first
quarter, sales rose 6 percent, registering
the largest increase in the current expansion, and setting a $62 billion record. Sales are expected to return to
this level in the third quarter.
Durable goods'—sales
movements
The steel and auto industries are
mixed; inventories to rise
currently projecting cutbacks in sales
Durable goods producers are cur- in the spring and summer. For other
rently projecting a 1-percent sales durable goods industries, movements
decline in the second quarter and an are mixed in the second quarter but
offsetting rise of equal size in the third, generally higher in the third.
Durable goods producers are planning
to add $400 million to their stocks in
the current quarter and $600 million
CHART 5
in the third, after seasonal allowances.
Although these additions are far below
Manufacturers' Inventory and Sales Expectations
the $1.4 billion rise in the final quarter
® Inventory accumulation expected to continue in second and
of
1964, they about equal the inventory
third quarters
\
increase
in the first 3 months of this
® Third quarter sales projected at new high for nondurables,
and back to record rate for durables
year. By the end of September, inventories are expected to total $40
DURABLE GOODS MANUFACTURERS
NONDURABLE GOODS MANUFACTURERS
Billion $
Billion $
billion, $3 billion above a year ago.
2
2
I
The postponement of steel wage
Inventory Change-^
negotiations has added an unusual
element of uncertainty to the inventory
projections. About half of the firms
in the sample returned their schedules
to the Office of Business Economics
before the agreement to postpone the
deadline had been reached.
If current expectations eventuate,
stocks will equal more than 1.9 months
Percent
of shipments in the third quarter—
I
I
6
about 3 percent higher than the ratio
Sales Change-^"
in
the first quarter of 1965 and some4
what above the ratios that prevailed
2
throughout most of 1964.
expectation of higher sales and lower
inventory accumulation for the second
quarter, as compared with the last
survey, shows up in both durable and
nondurable goods manufacturing.
0
-2
1
2
3
1963
1
4
2
3
1963
4
1
2
3
1964
4
1
2*
3*
1965
The proportion of durable goods inventories considered "high" rose in the first quarter,
due mainly to steel-consuming industries
Percent of Total Inventories
Percent of Total Inventories
I
I
Percent Considered "High"
20
10
1965
* Anticipated
UChange from previous quarter, seasonally adjusted. Inventory change based on end of quarter; sales change based on total for quarter
U.S. Department of Commerce, Office of Business Economics
1965
Nondurables—sales and inventories
to continue rise
Nondurable goods manufacturers expect 2-percent sales gains in both the
second and the third quarters, with
most industries participating in the rise.
The projected gains about equal the
average quarterly advance of 1964 and
exceed the 1-percent rates of gain in
1962 and 1963. Third quarter sales
are anticipated at $58 billion, 7 percent
above the corresponding period of 1964.
The anticipated inventory additions
of almost $300 million in the second
quarter and almost $200 million in the
third, seasonally adjusted, would, if
realized, bring inventory book values to
over $25 billion at the end of September,
as compared with $24 billion a year
earlier.
SURVEY OF CURRENT BUSINESS
June 1965
The sales and inventory expectations
correspond to a stock-sales ratio of 1%
months, the same as the one that has
been maintained since mid-1964.
Inventory condition on March 31
Durable goods manufacturers holding
20 percent of this group's inventory
judged their stocks on March 31 as
"high." This compares with a "high"
ratio of 15 percent at the end of both
September and December 1964. The
"about right" category fell from 82 percent in December to 77 percent in
March, and the "low" group remained
at 3 percent. The increase in the
"high" proportion occurred entirely
among steel-using industries. There
was no change in the "high" position
for primary metals producers. Among
nonferrous metals companies, the
"low" proportion has been exceeding the
"high" since the end of 1963, reflecting
supply shortages of many key metals.
The evaluation of inventories by nondurable goods producers was unchanged
from yearend 1964. Only 9 percent of
stocks were considered "high," 87 percent were "about right," and 4 percent
were "low."
The stock-sales ratios of manufacturers generally conform to their
reported evaluations of inventory condition. Manufacturers with inventories
in the "high" category on March 31 reported a ratio of 2.2; the "about right"
category reported a ratio of 1.6, and
the "low" group 1.5. The ratio of the
9
low group may not be statistically significant because of the small number of
firms in this classification. As may be
seen in the following table, the durable
and nondurable sectors showed similar
patterns:
Stock-Sales Ratios, Classified by Inventory Condition,
March 31, 1965
Total High About Low
right
Durable goods manufacturers. __
1.9
2.4
1.8
1.6
Nondurable goods manufacturers
1.3
1.6
1.3
1.3
Table 2.—Manufacturers' Evaluation
the Condition of Their Inventories l
[Percentage distribution]
Total
t
of
Nondurables
Durables
"§*»
•a
J<c-a*» i a•a II
1 a
+3
s£
1960
Table 1.—Manufacturers' Inventories and Sales: Actual and Anticipated
[Billions of dollars]
19 63
I
II
1964
in
IV
I
II
1965
III
IV
I
Hi
mi
Inventories, end of quarter
2
1
1
1
83
76
83
81
2
2
2
2
Mar. 31
June 30
Sept. 30
Dec. 31
18
14
10
10
81
85
88
88
1
1
2
2
20
15
11
10
79
84
87
88
1 16 83
1 13 85
2 9 88
2 9 89
1
2
3
2
14
14
15
14
84
84
83
84
2
2
2
2
19
17
18
17
80
82
81
82
1 8
1 9
1 11
1 11
89
89
86
86
3
2
3
3
15
15
17
13
82
83
81
85
3
2
2
2
17
18
19
14
81
80
80
84
2
2
1
2
85
88
83
87
3
2
3
3
16
13
14
_ .. 13
82
84
82
84
2
3
4
3
17
16
15
15
81
81
81
82
2 14 84
3 9 88
4 11 84
3 9 87
2
3
5
4
9 87
4
58 8
35.4
23 5
59 7
35.6
24 2
60 7
36.4
24 3
60.7
36.8
23 9
60 7
36 9
23 8
62 6
38 0
24 6
64 1
39 3
24 8
64 7
39 7
25 0
64 8
39 8
25 0
58.1
34.6
23.5
58.7
35.2
23.6
59 1
35 5
23.6
60 1
36.0
24.1
60 3
36 1
24.2
60 4
36 5
23.9
61 0
37 0
24 0
62 9
38 4
24 5
63 7
39 o
24 7
64 4
'39 4
25 0
65 2
40 0
25 2
Mar. 31_
June 30
Sept. 30
Dec. 31
15
22
15
17
12
10
14
10
1964
101.0
51.9
49.1
101.9
52.6
49.3
107.0
57.0
50.0
104.4
54.2
50.1
102.5
52 2
50 4
105.0
54 8
50 2
106.8
55 8
51 0
106 2
55 3
50 9
108.0
56.3
51 7
109 1
57 1
52 1
114.2
60 6
53 6
111 1
57 5
53 6
109.6
55 4
54 3
112 4
58 3
54 1
113.7
58 6
55 2
113 6
58 5
55 2
117.0
61 5
55 5
117 9
62 1
55 8
121.5
64 6
56 9
117.1
59 0
58 1
118 1
61 3
56 8
119 9
62 0
57 9
1. Anticipations reported by manufacturers in May 1965. Inventories have been corrected for systematic tendencies in
anticipatory data.
Sources: U.S. Department of Commerce. Anticipations, Office of Business Economics; actuals, Bureau of the Census.
773-981 O-65-2
65
65
69
72
59.0
35.5
23.5
Unadjusted
Seasonally adjusted
All manufacturing.. _
Durables __
Nondurables
33
34
30
27
58.4
34.9
23.5
Sales, total for quarter
All manufacturing
Durables.
Nondurables
2
2
1
1
Mar. 31
June 30
Sept. 30
Dec. 31
1963
Seasonally adjusted
All manufacturing
Durables ___ _
Nondurables
26 72
29 69
24 75
24 75
1962
Unadjusted
All manufacturing
Durables.-.
Nondurables _
Mar. 31
June 30
Sept. 30.
Dec. 31
1961
Mar. 31
June 30
Sept. 30
Dec. 31
1965
Mar. 31
16 81
3 20 77
3
1. Condition of actual inventories relative'to sales and
unfilled orders position as viewed by reporting companies.
Percent distribution of inventory book values according to
company's classification of inventory condition.
Source: U.S. Department of Commerce, Office of Business
Economics.
by SAMUEL PIZER and EVELYN M. PARRISH
The Balance of Payments in the First Quarter of 1965
XHE balance on international transactions of the United States in the first
quarter showed a sharp improvement
over the fourth quarter of 1964. On a
seasonally adjusted basis, the adverse
balance on regular transactions was $733
million as compared with $1,551 million
a quarter earlier. However, both quarters
were strongly influenced by temporary
factors that, on balance, had a negative
impact. It will be some time before
the influence of these factors- can be
separated from the more basic trends
in the accounts.
In the first quarter, the negative factors included the dock strike that reduced our net merchandise export
surplus, an apparent speedup of capital
outflows to foreign affiliates of U.S.
companies, and a relatively large extension of long-term bank loans. Partly
offsetting the effect of these developments in the first quarter outcome were
withdrawals from abroad of corporate
cash assets, a reduction in short-term
banking claims related in part to the
drop in exports, an accelerated repatriation of income on direct investments, and reduced Government
outlays.
Several of the first quarter developments were related directly or indirectly to the program to improve the
balance of payments sent to Congress
by the President on February 10.
Commercial concerns apparently acted
quickly to reduce their excess cash
assets abroad, especially those held in
Canada. The rise in dividend receipts
was also related to this effort, although
the reduction in U.S. corporate income
tax rates in 1965 and some concern
about the balance of payments of the
United Kingdom were probably also
important factors. On the negative
10
side, there are indications that a considerable part of the extraordinarily
large outflow of funds to foreign affiliates in the first quarter reflected uncertainties in the early weeks of this year
as to what form a new balance of payments program might take. Foreign
long-term lending by U.S. banks had
not yet had time in the first quarter to
adjust to the guidelines of the program,
but in March such lending was sharply
curtailed.
Composition of balance
The combined change in U.S. reserve
assets and in liquid liabilities to all
foreigners in the first quarter was
adverse by $151 million. Reserves declined by $842 million, nearly all in gold.
This was the largest quarterly gold
loss since the fourth quarter of 1960,
and over .half of the total was accounted
for by French purchases. Further gold
purchases from the United States
amounting to $276 million were made
in April and May. Heavy losses of
gold in the early part of the year
were to be expected as a consequence
of the large foreign accumulations of
dollars during 1964. Conversions of
dollars into gold have occurred previously following periods of large accumulations of dollars in foreign official
and private accounts. As the net
dollar outflow in recent months has
declined, purchases of gold have also
diminished.
Dollar holdings of foreigners (bank
deposits, open market paper, and
marketable or convertible Government
securities) decreased by $691 million
in the first quarter. This figure is
net of an increase of $51 million in
CHART 6
Balance on International Transactions*
Billion $
Billion $
2 -, - -
•5
-2
-1.0
,Excluding Receipts Fram-Special,
, Sovernrnerrt Tfansactfoni^ "v
-6 !
-1.5
-s ;
1955
-2.0
57
59
61
63
65
1963
1964
1965
Quarterly, Seasonally Adjusted
*As measured by changes in U.S. monetary reserves and in liquid liabilities including U.S. Government nonmarketable, medium-term convertible securities,
which equals balance on all other international transactions.
J/Table 1 line Cl
i/Table 1 line A13
U.S. Department of Commerce, Office of Business Economics
June 1965
nonmarketable convertible Government
obligations held by foreign accounts.
Seasonal factors, mainly affecting
foreign travel, tend to make the first
quarter unadjusted results look more
favorable. An adjustment of $517
million for these factors raises the
first quarter adverse result to $668
million.
Special Government transactions in
the first quarter that have been identified so far amount to a net inflow of
about $65 million, largely representing
net advances on military sales. If
these special items are eliminated, the
adverse balance on regular transactions in the first quarter was $733
million.
Within the quarter, the balance of
payments position in the first 2 months
was quite unfavorable because of the
shipping strike which sharply reduced
the export balance, a continuation of
large long-term loans by banks, and
probably also because of unusual outflows to foreign affiliates. (Information on the last item is not available on
a monthly basis.) A sharp swing then
occurred in March, as exports rose
sharply, industrial companies drew
down their cash assets abroad and
possibly cut back their flows to affiliates, and bank lending was moderated.
Similar positive influences were at work
in April and May and will have a
sizable effect for the second quarter as
a whole.
SURVEY OF CURRENT BUSINESS
quarter of last year, accounting for
much of the quarter-to-quarter change
in the overall accounts.
Investments by nonfinancial firms
11
The first quarter outflow for direct
investments in foreign affiliates was
larger, however, than would be required for the immediate needs of even
this stepped-up rate of plant expansion
abroad. Moreover, there were no unusually large cash outlays to purchase
interests in existing companies. Accordingly, there is a strong implication
that funds were being transferred
abroad pending clarification of the
balance of payments program.
The outflow of $504 million to Europe
in the first quarter probably reflected
both of these factors. European affiliates accounted for most of the projected
rise in plant and equipment expenditures
and probably received a large part of
any accelerated cash flows. At $213
million, the outflow to Canada was exceptionally high; it included about $100
million of securities of Canadian affiliates placed with U.S. financial institutions. Large outflows to the Middle
East were related primarily to payments for oil leases. Investments in
other areas were moderately higher
than a year ago.
In contrast to the enlarged flow of
funds to their foreign affiliates, U.S.
industrial and commercial firms drew
down their holdings of foreign time deposits and other relatively liquid investments by about $200 million. The
inflows were largely from accounts with
Canadian banks. Those banks met
the withdrawals partly by reducing
their claims in Europe.
The repatriation of funds by U.S.
companies is in line with the voluntary
program to improve the balance of
payments. This program recommends
that short-term assets held abroad in
excess of normal working requirements
should not be increased over the
amounts held at the end of 1964 and
should be reduced in an orderly manner
during 1965 to the level outstanding
at the end of 1963. Some further reduction during 1965, though possibly at
a diminished rate, would be necessary
to achieve this result.
A major element in the first-quarter
outflow was a spurt in direct investments in foreign affiliates, to $1 billion
(seasonally adjusted). This was close
to the peak rate in the second quarter
of 1957, when very large payments
were made for petroleum concessions
in Venezuela. Direct investment flows
in the first quarter were especially high
to continental Western Europe, Canada
and the Middle East.
Direct investments had been on the
rise in 1964, reaching $2.4 billion (revised) for the year as a whole. Seasonally adjusted, the outflow rose during
the year from $464 million in the first
quarter to $821 million in the final
quarter. The further rise early in 1965
reflects two main factors. Basic is the
considerably enlarged volume of foreign
plant and equipment expenditures
scheduled for 1965, according to still
very preliminary tabulations of incoming reports. These tabulations indicate that expenditures for fixed assets
abroad were higher in 1964 than originally projected by the companies 1 and
that a further rise of perhaps as much
as 20 percent is planned for 1965. If
borne out by the complete tabulations,
this would represent a higher rate of
increase than in any previous year, requiring outlays for fixed assets to rise
by about $1 billion from 1964.
Private Capital Flows and
Such a rise would be considerably
greater
than the normal annual increase
Income
in retained earnings and depreciation
The overall outflow of U.S. private charges generated internally by the
capital in the first quarter was $1.4 foreign affiliates, and would ordinarily
billion, seasonally adjusted, lower than lead to some increase over the 1964
the average quarterly rate in 1964 but rate in capital outflows from the United
considerably above the rates of earlier States. If the immediate impact on
years. Within the first quarter total, the U.S. balance of payments is to be
there was sharply contrasting behavior held down, a major effort by the comin the major components. Direct in- panies will be required. It would
vestment flows were at near-record involve obtaining additional funds
rates and medium-term loans by banks abroad, spacing out some of these forwere also very high, while short-term eign projects into the future, utilizing
cash assets abroad and banking claims a larger proportion of U.S. equipment Investments in securities
on foreigners were drawn down by and materials, and increasing their
Transactions in foreign securities
nearly $300 million, The latter inflow export sales from the United States.
resulted in a net outflow of about $200
reversed a net outflow of short-term
million in the first quarter, a little over
1. See article, U.S. Firms Accelerate Capital Expenditures
capital of $568 million in the fourth Abroad,
the quarterly average for 1964. Sales
in SURVEY OF CURRENT BUSINESS for October 1964.
SUEVEY OF CUEEENT BUSINESS
12
June 1965
Table 1.—Analysis of U.S. Balance of Payments,
[Millions
Calendar year
Corresponding line in table 3 in ( )
I960'
1960 r
1961'
1962'
1963 '•
1964 r
I
II
III
IV
31,139
31,863
33,585
36,280
40,018
7,583
7,605
7,996
7,955
23,177
22,924
14,507
25,129
26,436
16,992
28,457
18,619
2,464
5,936
3.803
5,958
3,839
5,813
3,666
5,470
3,424
Transactions other than changes in official monetary assets and in liquid liabilities (including nonmarketable, medium -term, convertible Government securities)
I U S PAYMENTS (DEBITS) RECORDED
1 Imports of goods and services (13)
.
2
Merchandise adjusted excluding military (14)
3
Transportation (15)
4
Travel (16)
Miscellaneous services:
5
Private (17)
6
Government excluding military (18)
7
Military expenditures (19)
__1
14, 732
1,915
1,732
-
438
313
Income on investments:
8
Private (20)
9
Government (21)
10 Private remittances (26)
11 Government pensions and other transfers (29)
12 Government grants and capital outflows (28+39+42)
__
13
(Transactions involving no direct dollar outflows from the United States)
14
(Dollar payments to foreign countries and international institutions) *_ _ __ _
15 U S private capital (31)
16
Direct investments (32)
17
New foreign securities sold in the United States (33)
18
Redemptions (34)
19
Other transactions in foreign securities (35)
20
Other long-term net* (36)
20a
Reported by banks
- 20b
Reported by nonfinancial concerns
21
Short-term net* (37)
21a
Reported by banks
-21b
Reported by nonfinancial concerns and brokers
__
_ _ __
- -- - - _ _ _ - _-
II U S RECEIPTS (CREDITS) RECORDED
1 Exports of goods and services excluding transfers under military grants (3)
2
Merchandise adjusted excluding military (4)
_
3
(Financed by Government grants and capital) (table &, line A— 14)
4
Transportation (5)
- - --- - - -5
Travel (6)
-Miscellaneous services:
6
Private (7)
--7
Government excluding military (8)
8
Military sales (9) 2
- Income on investments:
Q
Direct investments (10)
-- - -10
Other private (11)
- - - 11
Government (12)
____
__ — 12 Repayments on U S Government loans scheduled (40)
13 Repayments and selloffs nonscheduled (41)
14 Inflow of foreign capital other than liouid funds (43)
15
Direct investments in the United States (44)
16
Other long-term investments (45)
17
U S private short-term commercial and brokerage li abilities (46)
is"
U S Government liabilities associated with specific transactions (47)
18a
Military exports (table 4 line B-2)
18b
Government grants and capital outflows (table 4, line B-3)
18c
Miscellaneous (table 4 line B-9)
19
Foreign holdings of nonmarketable 'medium-term nonconvertible securities (48)
1,943
1,735
16, 173
2,128
1,885
445
406
411
398
3,048
2,954
667
332
458
214
656
278
470
235
2,316
2,090
391
447
2,216
'482
432
478
436
488
434
467
430
3,078
2,929
2,824
396
534
107
74
772
108
79
762
112
80
789
111
80
725
717
339
493
245
952
452
560
279
1,058
871
400
575
262
4,551
3,717
834
165
101
107
56
755
507
248
170
86
117
49
870
681
889
167
77
115
53
808
569
289
165
68
119
56
972
687
285
4,456
6,462
2,376
1,063
-193
-193
1,298
942
356
2,111
1,523
588
729
345
260
-53
23
38
33
5
116
100
16
611
270
71
-55
110
69
57
12
146
55
91
1,207
405
109
-47
105
30
32
-2
605
555
50
1,338
654
115
-46
71
63
33
30
481
285
196
3,405
2,294
4,054
3,885
1,674
555
-201
309
200
155
45
1,348
995
353
4,180
1,599
523
-148
387
263
136
127
1,556
1,125
431
3,425
28,246
30, 538
32,579
34,011
38,381
6,866
7,171
7,155
7,054
27, 244
19, 489
1,914
1,752
875
28, 557
19, 936
30, 278
20, 604
32, 353
22, 069
2,793
6,532
4,665
6,838
4,882
6,885
4,948
6,989
4,994
2,115
934
37, 017
25, 288
2,812
2,317
1,095
444
435
215
408
445
226
579
431
220
1,290
153
335
1,414
174
402
1,547
204
656
1,687
235
659
1,837
261
762
308
36
58
314
36
122
331
43
70
337
38
85
2,355
2,768
3,050
3,134
1,022
498
644
326
688
-5
331
-24
429
334
94
1
-43
3,741
1,262
454
575
122
667
-5
115
115
478
222
49
207
-36
571
152
87
157
17
160
40
175
-4
-51
-51
0
596
151
87
133
5
195
59
121
-53
68
60
9
-1
571
164
87
175
24
71
53
1
-7
24
2
21
1
617
179
88
118
7
-60
-11
-8
-26
-15
-27
11
1
4,431
5,077
-2,270
3,383
6,669
-2,062
4,053
8,560
862
-714
544
-96
596
1,043
-640
578
-101
880
1,282
-719
578
-69
1,072
1,570
-640
651
-62
1, 519
5,170
-839
95
-163
355
-166
528
-168
850
-175
1,111
646
349
583
53
366
141
289
-90
26
-16
41
1
2,915
1,189
2,220
1,805
885
793
380
578
696
707
73
374
175
85
5
80
(*)
4,293
S,240
1,654
1,076
-203
96
258
127
131
544
324
220
2,383
1,964
878
904
471
599
681
1021
132
140
-115
613
470
147
-4
251
1,976
1,250
-195
49
591
754
-163
785
781
4
4,260
3,558
702
423
441
214
SELECTED BALANCES (NET CREDITS +, DEBITS -)
Derivation from Sections I and II in ( )
A. Regular types of transactions:
1 Merchandise trade excluding military (II 2 less I 2)
2 Military sales and expenditures (II 8 less 1 7)
- 3 Incomes on investments (II 9+10+H less 1 8+9)
4 Other services (II 4+5+6+7 less 1 3+4+5+6)
5 Goods and services (II 1 less 11)
Q.
(Excluding exports of goods and services financed by Government grants and capital
outflows)
7 Remittances and pensions (1 10+11)
s! Government grants and capital outflows, less changes in associated liabilities, less
scheduled loan repayments (II 12+18b less 1 12) _ _
Domestic and foreign private capital:
9
Direct and long-term portfolio (II 15+16 less 1 16+17+18+19+20)
10
Short-term (II 17 less 1 21)
-11 Miscellaneous Government nonliquid liabilities (II 18c)
12 Errors and unrecorded transactions (Table 3, line 53) _ _
- 13 Balance on regular types of transactions (seasonally adjusted)
14 Less* Net seasonal adjustments
15 Balance on regular types of transactions before adjustment.
B. Special Government transactions:
1 Nonscheduled receipts on Government loans
2 Liabilities associated with military exports 2
4
_ __
Dollar securities ^
6 Net sales of nonmarketable medium-term convertible securities
7
Dollar securities
8.
Foreion currency securities
4,757
5,429
-2,422
3,369
-2, 713
2,351
-328
-2, 552
4,067
5,633
-229
5,149
1,828
-672
2,946
2,221
-738
2,497
-2,V781
-3,396
-3,547
-3,813
-3,636
-598
-728
-612
-843
-2, 609
-659
-4
-1, 197
3,605
-3,345
-809
1
-401
3,287
-4,241
-1,996
-398
-120
-140
-823
-159
-664
-285
-199
-1
-269
-768
125
-893
-548
-612
1
-235
-876
-507
1
-344
-1,207
-ys
17
-51
5
60
24
2
7
-27
3,007
-251
-705
-1,438
-2, 177
-1,381
-3,918
-ft-3,071
-2, 107
1
-988
-273
5,917
-837
-100
207
-1, 161
-3, 106
-3,918
-3,071
-3,605
-3,287
-3, 106
53
-16
696
5
681
470
251
326
334
-43
31
-74
703
150
568
122
222
-36
-16
-20
375
251
~375
-1,102
105
-1, 154
SURVEY OF CURRENT BUSINESS
June 1965
13
Seasonally Adjusted, Excluding Military Grant Aid
of dollars]
19(i2r
1961 '
I
III
II
IV
19(i4r
19€&r
I
II
III
IV
1965
I
II
III
IV
I
II
III
IV
i.
7,711
7,400
8,117
8,635
8,498
8,034
8,443
8,610
8,803
9,595
8,619
9,263
9,380
9,691
9,997
10,950
9,730
5,491
3,388
471
422
5,531
3,407
491
427
5,906
3,829
494
437
5,996
3,883
487
449
6, 154
3,955
521
450
6,290
4,068
535
471
6,303
4,097
508
476
6,382
4,053
564
488
6,389
4,058
574
500
6,551
4,219
561
518
6,717
4,343
584
537
6,779
4,372
597
535
6,878
4,410
613
535
7,061
4,599
616
554
7,136
4,709
613
550
7,382
4,901
622
577
7,151
4,663
636
587
109
98
776
109
101
769
111
106
695
116
101
714
110
96
766
101
96
759
101
101
752
99
105
801
97
111
755
100
111
738
98
112
721
96
113
715
98
149
732
99
128
720
98
128
691
101
129
681
97
128
664
158
69
119
62
971
679
292
162
65
116
60
842
699
243
166
68
118
56
1,042
766
286
170
76
117
57
1,199
881
818
176
80
119
68
1,090
829
261
176
84
124
59
1,051
793
258
182
86
118
58
1,073
831
242
183
89
132
60
1,079
787
292
203
91
147
69
1,104
859
245
209
95
146
66
1,294
1,044
260
218
104
138
63
1,019
862
167
241
110
144
64
1, 134
952
182
230
111
142
67
966
831
135
235
110
137
66
1,083
897
186
238
109
135
72
1,085
902
183
249
122
146
74
1,126
928
198
254
122
148
73
959
764
195
1,068
499
84
-41
69
-14
-45
31
471
344
127
851
291
129
-29
88
35
33
2
337
176
161
995
449
155
-40
73
74
29
45
284
188
96
1,266
360
155
-38
157
168
119
49
464
417
47
1,067
276
157
-66
91
217
151
66
392
236
156
510
428
234
-36
33
66
43
23
-215
-150
-65
891
436
206
-45
•(*)
56
16
40
238
105
133
957
514
479
-56
-28
-81
-83
2
129
133
-4
1,094
626
480
-43
79
46
-1
47
-94
-99
5
1,538
466
419
-50
72
145
195
-50
486
401
85
682
266
248
-52
-15
138
140
-2
97
160
-63
1,142
618
103
-50
-87
262
420
-158
296
319
-23
1,327
464
124
-54
-94
298
272
26
589
383
206
1,344
540
183
-38
-40
151
93
58
548
523
25
1,569
551
157
-38
-35
528
264
264
406
162
244
2,222
821
599
-63
-24
321
313
8
568
455
113
1,399
1,003
299
-39
-51
475
488
-13
-288
—50
-238
7,473
8,035
7,281
7,749
7,756
8,016
8,436
8,371
7,764
8,563
8,677
9,007
9,411
9,261
9,695
10,014
9,156
7,133
5,058
667
440
214
6,944
4,760
478
449
221
7,140
4,990
632
448
224
7,340
5,128
643
468
226
7,280
5,035
604
493
228
7,725
5,239
553
475
230
7,655
5,293
611
494
212
7, 618
5,037
615
502
208
7,503
4,993
647
482
225
8,109
5,494
784
531
231
8,138
5,622
670
553
232
8,603
5,960
692
549
246
9,084
6,149
671
571
268
8,991
6,067
683
558
264
9,335
6,382
742
600
270
9,607
6,690
716
588
293
8,700
5,589
616
563
279
336
42
71
351
43
150
354
44
88
373
45
93
365
46
96
386
50
228
396
54
127
400
54
205
411
56
164
409
59
244
416
58
103
451
62
148
446
60
194
451
65
191
457
66
168
483
70
209
467
67
179
689
189
94
123
5
212
21
101
77
13
722
200
70
93
6
42
-5
26
-13
34
22
13
-1
699
212
96
145
51
213
26
99
32
56
16
40
684
224
109
149
1
326
41
152
-23
156
143
13
(*)
755
219
143
179
58
54
77
-11
-50
38
-2
44
-4
745
229
105
129
477
175
6
-16
12
173
107
65
1
866
232
114
142
145
466
8
15
-54
246
222
25
-1
251
811
238
123
158
25
78
-5
10
-30
40
20
20
(*)
63
765
252
124
160
34
260
47
152
65
6
-5
10
1
—10
772
257
125
163
241
135
40
56
17
117
80
35
2
—95
786
275
126
163
26
215
-87
113
-76
266
239
29
-2
—1
968
298
130
161
52
114
17
-11
4
159
163
-8
4
—55
955
308
132
160
33
77
29
65
19
-28
-62
35
-1
—8
946
314
132
160
30
170
-27
-45
64
180
-28
4
204
_2
872
342
60
94
7
306
-24
106
28
167
149
18
(*)
29
1, 070
347
139
163
10
283
61
184
12
1
658
192
120
217
634
240
31
148
79
-18
-33
15
(*)
1,670
-705
745
-68
1,642
1,353
-619
743
-64
1,413
1,161
-607
758
-78
1,234
1,245
-621
761
-41
1,344
1,080
-670
761
-45
1,126
1,171
-531
857
-62
1,435
1,196
-625
811
-30
1,352
984
-596
940
-92
1,236
935
-591
878
-108
1,114
1,275
-494
837
-60
1,558
1,279
-618
832
-72
1,421
1,588
-567
836
-33
1,824
1,739
-538
1,055
-50
2,206
1,468
-529
1,050
-59
1,930
1,673
-523
1,045
4
2,199
1,789
-472
903
5
2,225
926
-485
1,180
—72
1,549
982
-181
836
-176
673
-174
666
-174
864
-187
761
-183
609
-176
487
-192
318
-216
690
-212
613
-201
976
-208
1,394
-209
1,086
-203
1,326
-207
1,366
-220
791
-221
(x)
(*)
38
55
-18
1
-836
-610
-936
-1,014
-928
-828
-879
-912
-926
-1,124
-821
-942
-813
-888
-921
-1,014
-814
-475
-394
1
-299
-542
-206
-336
-335
-258
(*)
-447
-413
115
-528
-690
-297
-1
76
-788
152
-940
-677
-432
(*)
-375
-1,328
-61
-1,267
-482
-415
(«)
-50
-936
-318
-618
-659
165
-4
-249
-323
55
-378
-663
-226
1
-426
-1,017
260
-1,277
-805
-183
-1
-472
-1,329
3
-1,332
-1, 183
64
(z)
-160
-1,307
-494
-813
-853
-421
1
-76
-1,127
83
-1,210
-489
-80
2
-268
-436
386
-822
-820
-372
-2
103
-417
25
-442
-732
-585
4
-288
-417
-481
64
-702
-529
—1
-152
-545
50
-595
-1, 235
-342
204
-291
-593
428
-1,021
-1, 572
-540
-1,442
288
1
-94
-733
-517
-216
5
634
-33
6
22
51
16
1
143
58
-2
477
107
145
222
251
25
20
63
68
5
350
125
225
34
-5
—10
19
—29
153
241
80
—95
26
239
j
33
-62
25
—8
(*)/
\
122
30
-28
2
2
— 60
175
25
160
52
163
55
—6
—60
26
122
(«)
251
153
(*)
-430
-1,551
3
-1,554
203
7
149
i
30
50
51
203
60
"SI
(x\
\I
10
55
SURVEY OF CUERENT BUSINESS
14
June 1965
Table 1.—Analysis of U.S. Balance of Payments, Seasonally
[Millions
Calendar year
Corresponding line in table 3 in ( )
1960 r
I960'
1961 r
1962 '
1963 r
1964 «•
I
II
III
IV
C. 1. Balance A+B excluding net receipts from sales of nonmarke table, medium-term, convertible Government securities (including seasonal adjustment of items in A) _
la. Excluding' seasonal adjustment (equals line 52, table 3)
2. Balance A+B including net receipts from sales of no nmarke table, medium-term, convertible Government securities (including seasonal adjustment of items in A)
2a. Excluding seasonal adjustment (equals line 52a, table 3)
-3, 881
-3, 881
-2, 370
-2, 370
-2, 203
-2, 203
-2, 670
-2, 670
-2, 798
-2, 798
-857
-698
-703
-828
-1,076
-1, 181
-1,245
-1, 174
-3,881
-3,881
-2,370
-2, 370
-2,203
-2, 203
-1,967
-1,967
-2,423
-2, 423
-857
-698
-703
-828
-1,076
-1, 181
-1,245
-1,174
D. Increase in short-term official and banking liabilities and in foreign holdings of marketable U.S. Government bonds and notes (decrease — )
1. Foreign holders other than official (lines II-3, 4, 5; table 6)
2. Foreign official holders (lines II-l, 2; table 6)
1,738
289
1,449
1,764
1,083
681
670
213
457
1,589
619
970
2,252
1,554
698
538
436
102
653
328
325
442
-46
488
105
-429
534
2,143
441
606
-135
-116
857
1,533
626
17
890
378
30
-113
461
171
266
-220
125
160
110
175
81
739
102
1,069
148
50
, 94
637
921
E. Decrease in U.S. monetary reserve assets (increase — )
1. IMF gold tranche position
2 Convertible currencies
3. Gold
1,702
r Revised.
*> Preliminary.
*Less than $500,000.
1. Under agreement between the Agency for International Development and recipient
countries some of these funds are to be used for procurement in the United States.
2. See footnote 3 of table 4.
3. Includes Export-Import Bank Portfolio Fund Certificates of Participation.
Table 2.—U.S. Balance of Payments by Major Components,1 Seasonally Adjusted
[Millions of dollars]
Calendar year
1960 r
1961 r
1962'
1965
1964 r
1963 '
1964 '
I
II
6,149
671
6,067
IP
IV
III
Goods and Services, Government Assistance and Long- Term Capital Accounts. 2
A
19,489
1 Nonmilitary merchandise exports
2
Less* Those financed by Government grants and capital.
1,914
3. Merchandise exports, other than those financed by Government grants
and capital
_ _
__
19, 936
2, 220
20, 604
2, 383
22,069
2,793
25, 288
2,812
683
6,382
742
6,690
716
5,589
615
17, 575
17, 716
18, 221
19, 276
22,476
5,478
5,384
5,640
5,974
4,974
-14, 732
-14, 507
-16, 173
-16, 992
-18,619
-4, 410
-4, 599
-4, 709
-4, 901
-4, 663
2, 843
3,209
2,048
2,284
3,857
1,068
785
931
1,073
311
7,420
9,018
532
9,625
2,741
144
2,785
2,708
2,932
606
10, 967
585
2,733
300
8,219
434
143
143
143
7,120
-5, 397
7,785
-5,463
-5, 878
8,486
9,019
-6, 515
10, 382
-7, 014
2,597
-1,736
2,578
-1,742
2,642
-1,736
2,565
-1,800
2,789
-1,824
10. Balance on services other than those rendered under Government grants
and capital
1,723
2,322
2,608
2,504
3,368
861
836
906
765
965
11. Balance
4,566
5,531
4,656
4,788
7,225
1, 929
1,621
1,837
1, 838
1.276
-3,048
320
-2, 954
399
-3, 078
1,139
-2, 929
980
-2, 824
993
-732
362
-720
122
-691
151
-681
358
-664
234
-1,111
-1, 139
-1,053
-834
-702
-135
-186
-183
-198
-195
596
-2, 537
430
-672
1,212
—2, 624
447
-705
1,182
-2, 881
272
-738
251
-4
792
-3, 671
326
-837
-43
1
576
-4, 351
110
-839
-36
207
184
-738
6
-209
-55
4
176
-796
94
-1,163
-1,654
-1,687
—203
-8
-1
-72
-207
-2
204
-4,910
-6,215
-6, 866
-1, 313
-1,522
-1,797
-2,234
-2, 138
-254
-1,427
359
616
99
40
-396
-862
4. Nonmilitary merchandise imports
__
5. Balance on trade excluding exports financed by Government grants and
capital
6. Nonmilitary service exports
_
7.
Less: Those financed by Government grants and capital
__
8. Service exports other than those financed by Government grants and
capital
9. Nonmilitary service imports
_
B.
_
155
Other major transactions
1 Military expenditures
2 Military cash receipts 3
3. Government grants and capital — dollar payments to foreign countries and
international institutions
4. Repayments on U.S. Government loans excluding fundings by new loans
and repayments on military credits
5. U.S. direct and long-term portfolio investments abroad
6. Foreign direct and long-term portfolio investments in the United States. __
7. Remittances and pensions
_
8 Net sales of nonmarketable medium-term nonconvertible securities ^
9. Miscellaneous Government nonliquid liabilities
_ _ 10.
Balance
1
(«)
-6, 021
-5, 364
166
50
82
-220
29
(•)
149
245
-221
1
C.
Balance on Goods and Services, Government Assistance and Long-Term
Capital Accounts
._ __
__ _
._
-1,455
167
D.
Recorded U.S. private short-term capital outflow less foreign short-term
credits to the United States (excluding foreign liquid dollar holdings) ..
-1,438
-1,492
-752
-842
-1,996
-585
-529
-342
-540
288
E.
Unrecorded transactions
-988
-1, 045
-1, 197
-401
-1, 161
-288
-152
-291
-430
-94
F.
Net sales of nonmarketable, medium-term, convertible Government
securities
703
375
G.
Balance C+D+E
-3,881
-2,370
-2,203
-2,670
-2,798
-257
-582
-593
-1,366
-668
H.
Balance C+D+E+F
-3,881
-2,370
-2,203
-1,967
-2,423
-257
-460
-390
-1,316
-617
r
—Revised.
».—Preliminary.
*—Less than $500,000.
1. Excludes military transfers under grants.
2. Short-term capital movements between parent companies and their foreign affiliates
are reported as part of direct investment.
122
203
50
51
3. See footnote 3 to Table 4.
4. Includes portfolio fund certificates sold abroad by Export-Import Bank.
NOTE.—For reconciliation of data on Government transactions shown in this table with
those shown in tables 1 and 3, see table 4.
SURVEY OF CURRENT BUSINESS
June 1865
15
Adjusted, Excluding Military Grant Aid—Continued
of dollars]
1962 r
1961 r
III
II
I
IV
I
II
1963 r
III
IV
I
II
1965
1964 r
III
IV
I
II
III
IV
IP
-537
-331
188
73
-760
-912
-1,261
-1,200
-792
-474
-267
-322
-433
-693
-711
-714
-1,199
-705
-1,108
-1, 191
-210
-596
-153
-178
-257
224
-582
-632
-593
-1,021
-1,366
-1,369
-668
-151
-537
-331
188
73
-760
-912
-1,261
-1,200
-792
-474
-267
-322
-433
-693
-711
-714
-849
-355
-955
-1,038
-35
-421
-128
-153
-257
224
-460
-510
-390
-818
-1,316
-1,319
-617
-100
-40
-84
44
247
565
-318
1, 125
225
900
432
377
55
47
700
-653
486
24
462
-188
-458
270
325
-53
378
323
397
-74
914
141
773
194
49
145
158
32
126
-173
227
-400
207
114
93
748
562
186
1,470
651
819
-742
170
-912
371
25
-25
371
-320
11
-161
-170
-213
-483
124
146
768
312
-54
510
427
237
-114
304
-164
44
-324
116
881
331
104
446
389
14
351
24
32
-46
-33
111
124
2
6
116
227
59
-28
196
-5
15
-58
38
-51
131
-228
46
303
118
258
-73
70
135
-45
-20
-151
-118
-205
172
842
68
-58
832
of new foreign issues in the United
States were $300 million, including $160
million of an International Bank issue
purchased by U.S. investors. Proceeds
from this issue were placed in longterm time deposits, so that they did not
immediately affect liquid liabilities.
Canada was the other major borrower.
Since the introduction of the Interest
Equalization Tax in July 1963, there
have been only minor issues sold here
by countries subject to the tax. As
this year goes on, however, the limitation on term lending by U.S. banks
and the drawing down of cash held
abroad by industrial companies might
be expected to lead to increased sales
of new securities in this market,
including some that would be subject
to the LET.
Americans are continuing to liquidate
their outstanding holdings of foreign
equity securities, a process that began
in mid-1963 when the IET was applied
to such purchases except for investments
in less-developed countries. Recent
liquidations have primarily affected
Canada.
Bank lending
In the first 2 months of the year,
banks increased their long-term loans
to foreigners by about $450 million, a
rate even higher than in 1964, when
the increase for the year was $942
million. Lending was unusually large
to Europe (especially to Germany),
Canada, and some Latin American
countries. In March, however, the
flow diminished to a minor amount,
and there was a sharp reduction in
long-term bank loan commitments outstanding, as reported to the Treasury.
Short-term bank financing followed a
different course. Credits related directly
to exports were reduced in January
and February when the strike tied up
shipments at east coast and gulf coast
ports, and then expanded in March
when shipments accelerated. Some reductions occurred during the quarter
in short-term assets held abroad by
banks for accounts of their customers,
probably reflecting the ,same factors
causing the reductions reported directly by commercial concerns. Shortterm loans to foreign banks and other
borrowers increased considerably in
February, primarily to Germany and
Mexico, but have not risen significantly
since then.
The balance of payments program
initiated in February envisions a net
increase during 1965 of not much more
than $500 million in the foreign assets
of U.S. banks. Since the first-quarter
increases were approaching that
amount, net increases for the remainder
of the year are likely to be quite
limited, with lending activity by banks
shifting toward export financing and
less-developed countries and away from
loans to other borrowers in developed
countries.
Foreign investment in the
States
United
Foreigners added $245 million to
their investments in the United States
during the first quarter—over $150
million in time deposits, about $60
million in direct investments, and $33
million in securities. As mentioned
above, the increase in time deposits
of over 1 year maturity represented
primarily the proceeds of sales of bonds
in the United States by the International Bank. Direct investment inflows were reported for Europe and
Canada; these flows have been quite
erratic in recent years, and reverse
flows may develop in later quarters.
U.S. affiliates of foreign firms have
been requested, as part of the balance
of payments program, to refrain from
borrowing in the United States in
order to transfer funds abroad or to
replace funds normally obtained abroad.
Reversing a long period of liquidations of U.S. equity securities that
began early in 1964, foreigners made
small net purchases in the early months
of 1965. Some of this reversal was
probably connected with the sale of a
large block of stock by a leading U.S.
company, a sizable portion of which
was placed with foreign investors.
Income on investment
Income from private foreign investments was $150 million higher than in
SURVEY OF CURRENT BUSINESS
16
June 1965
Table 3A—United States Balance of Payments—
[Millions
All areas
Type of transaction
Line
1960
1
2
3
4
5
6
7
8
9
10
11
12
Exports of goods and services
Goods and services transferred under military grants,
net.
Goods and services excluding transfers under military
grants.
Merchandise, adjusted, excluding military
Transportation
_ _
Travel
Miscellaneous services:
Private
___
Government, excluding military
Military transactions
_
Income on investments:
Direct investments
Other private
-_ _ _ _
Government
-_
_ ._
20
21
Imports of goods and services
_ _ __
Merchandise, adjusted, excluding military
Transportation
Travel
- -Miscellaneous services:
Private
Government, excluding military.
Military expenditures
Income on investments:
Private
Government
22
23
24
25
Balance on goods and services
Excluding transfers under military grants.
Unilateral transfers net (to foreign countries (—))
Excluding military transfers
13
14
15
16
17
18
19
26
27
28
29
29,009 30,022 31,817 33,835
1,765 1,465 1,539 1,482
1964
1960
1962
1961
1963
n.a. 10,004 10,072 10,917 11,635
n.a.
913
611
626
753
1964
229
164
155
202
394 5,116
5,230 5,402
9
229
164
155
202
394 5,116
5,221 5,402
203 140
1,054
8
6
157 (*)
00
131
5
174
7
(*)
355 3,768
18
97
469
3,710 3,893
107 120
449 392
11
1
11 154
1
6
35
180
2
38
200
3
26
362
225
464
271
476
292
(*)
27,244 28,557 30,278 32,353 37,017
9,091
9,461 10,291 10,882 12,263
19,489 19,936 20,604 22, 069 25,288
1,752 1,805 1,964 2,115 2,317
885
934 1,095
875
878
6,719
806
88
6,816
841
91
7,137
912
103
7,616
958
111
8,588
1,837
261
762
479
53
221
532
65
266
597
67
538
660
69
543
115
9
9
10
72 (*)
(*) (*)
618
2,355
646
349
2,768
793
380
3,050
904
471
3,134
1,022
498
3,741
1,262
454
388
141
196
479
172
199
520
204
213
507
240
178
654
297
108
23, 177 22,924 25,129 26,436 28,457
14, 732 14, 507 16, 173 16,992 18,619
1,915 1,943 2,128 2,316 2,464
- - 1,732 1,735 1,885 2,090 2,216
8,364
4,174
985
657
8,118
4,045
1,074
590
8,899
4,534
1,177
616
9,297
4,719
1,301
707
9,942
236 _ _ _ _ _ (*)
(*)
124
1
1
1,482
1
438
313
3,048
445
406
2,954
411
398
3,078
391
447
2,929
396
534
2,824
228
80
1,629
243
80
1,510
234
86
1,618
223
115
1,512
667
332
656
278
717
339
871
400
952
452
425
186
419
157
443
191
499
221
n.a. 1,640 1,954 2,018 2,338
5,832 7,098 6,688 7,399
727 1,343 1,392 1,585
4,067 5,633 5,149 5,917 8,560
n.a. -1,382 -1,116 -1,106 -1, 186
-4, 101 -4,024 -4, 196 -4,236
__ -2,336 -2,559 -2,657 -2,754 -2,723 -469 -505 -480
-433
Private remittances
_
Government:
Military grants of goods and services
Other grants..
__
Pensions and other transfers
Foreign capital (lines 44-48), net (increase in U.S. liabilities (+)).
Direct investments in the United States _
Other long-term investments
U.S. private short-term commercial and brokerage
liabilities.
U.S. Government liabilities associated with specific
transactions.
U.S. Government nonmarketable, medium-term, nonconvertible securities.
5,192
1,372
758
9
9
9
9
93
81
2
7
92
81
2
4
92
79
2
6
101
82
4
7
522
256
00
9
123
99 !*908
7 109
9 380
8.
33
3
340
50
5
327
158
31
153
28
178
35
26
(*)
00
n.a. 136
72
63 101 271 1,121
2,321 136
72
63 101 271 1,121
n.a. -30 -27 -36 -37 -36 -36
-27
-36
-37 -36 -36
-382 -30
-560
-138
-147
-144
-156
-162 -24 -21 -27 -26 -27
-913
-240
-91
-611
-254
-104
-626
-216
-120
-753
-147
-130
n.a.
-81
-139
-470
-4, 990 -5, 106
-3,885 -4, 180
-1,674 -1,599
-555 -523
148
201
-309
-387
-200 -263
-1,348 -1, 556
-1,105 -926
-1,213 -1,939
583
.578
53
696
-528
-261
-493
-575
—5
-1
-4
-2
-4,519 -6, 120 -8, 141 -1,387 -465 -639 -1,595 -2,460 -117 -51
1 -4
-3,425 -4,456 -6,462 -1,524 -1,146 -1,306 -1,761 -2,237
-1,654 -1,976 -2, 376 -962 -724 -867 -924 -1,342
-35
-24
-57 -195 -272
-1, 076 -1,250 -1,063
193
25
33
23
35
195
30
203
—1
193 -126
3
151
-49
-233
-16
-96
3 -1
-16 -115
-84 -504
-258 -591 -1,298
-671
-544 -785 -2, 111 -421
-47 -177
-87 —375 -2 -2
137
667
166 -223 -118 -47
-1,094 -1,664 -1,679
681
-470 -5 -2
-276 -287 -305
-2, 129 -2, 187 -2,349 -232
209
119
8
575
266
232
10
599
644
246
31
669
24
681
122
666
326
277
72
—15
42
56
104 -121 -55
-245 -447
-27
366
707
1, 021
688
667
229
445
776
470
148
141
289
-90
73
374
175
132
140
-115
-5
331
-24
-5
115
115
113
235
—98
78
245
120
62
102
-117
-16
201
20
-12
—46
49
26
85
-21
2
478
314
192
251
-49
-35
613
429
478
251
-43
-36
-2 (*)
-7
-2
-4
1,044 724
1,035 724
-36 -22
-27 -22
1
1
—9
-6
-3 "-32 ""-28 "-23
-42 -51 -39 -828 -1,067 -710
3 -20 -2 -835 -1,065 -710
-451 -302 -314
-221 -237 -457
83
55
112
79
-88
2 -11
32
10 -37
1 -9 -4 -213 -503 -64
7
-45 -31 -37
-2
-2 (*) (*)
13
14
15
-56 -45 -52
(*)
-2 (*)
-8
-3
4,186 4,678
3,084 3,484
120 120
425 479
1 379
(*)
1
-1, 765 -1, 465 -1,539 -1,482
n.a.
-1,664 -1,854 -1,919 -1,917 -1, 884
-235 -245 -262 -279
-214
-458
1962
1961
n.a.
n.a.
1,687
235
659
__ __
Canada
1960 1961 1962 1963 1964 1960
1,547
204
656
43
48
1963
1,414
174
402
U.S. capital, net (increase in U.S. assets (—))
Private, n e t _
__
Direct investments, net
New foreign securities sold in the United States
Redemptions
__
Other transactions in foreign securities
Other long-term, net _
Short-term, net
<
Government, net _
Long-term capital
Repayments on U.S. Government loans, scheduled
Repayments and selloffs nonscheduled
Foreign currency holdings and short-term claims, net
(increase (-)).
47
1962
Eastern Europe
1,290
153
335
30
31
32
33
34
35
36
37
38
39
40
41
42
44
45
46
1961
Western Europe
%
(*)
1 -8
a
18
-If
1
0
()
7
-17
115
27
-15
43
59
19
-9
-26
-6
184
330
522
°
U.S. Government nonmarketable, medium-term convertible securities.
Increase in short-term official and banking liabilities and
in foreign holdings of marketable U.S. Government
bonds and notes (decrease (— )).
703
375
578
375
50
1,738
1,764
670
1,589
2,252
717
1,224
-720
659
1,464
51
Increase (— ) in monetary reserve assets, including gold,
convertible currencies, and IMF gold tranche position.
2, 143
606
1,533
378
171
1,718
636
1,127
287
-131
52
Reduction in monetary reserve assets and increase in
liquid liabilities including U.S. Government nonmarketable, medium-term, convertible securities (lines
49-51).
Excluding increase in U.S. Government nonmarketable,
medium-term, convertible securities (lines 50 and 51).
3,881
2,370
2,203
2,670
2,798
2,435
1,860
407
1,524
1,708
11
-6
184
330
329
3,881
2,370
2,203
1,967
2,423
2,435
1,860
407
946
1,333
11
—6
184
330
329
Errors and omissions and transfers of funds between
foreign areas (receipts by foreign areas (— )), net.
Memorandum items:
Increase in reported total foreign gold reserves and liquid dollar holdings.2
Through estimated net receipts from, or payments to,
the United States.3
Through other1 transactions 4
-988 -1,045 -1,197
12
14 -17 -193 -433
49
52a
53
I
II
III
See footnotes on pages 20 and 21.
3,004
2,536
3,508
3,552
3,042
3,847
2,332
2,145
2,601
2,709
900
342
672
391
907
843
2,142
4
—4
-193
-401 -1,161 -1,535 -2,678 -1,456 -1,551 -1,335
4,189
1
11 -6
49G
2,038
2,449
11
—6
109
-818 -1,049
-27
373
13
(
IS -13 -197 -249
2,065
2, 076
2,605
3,423
1,539
-12 -14
17
193
358
-254 -436
391
281
76 -107
31S
388
SURVEY OF CURRENT BUSINESS
June 1965
17
Annual, Total and by Area, 1960-64 (revised)
of dollars]
Other countries
Canada—
Continued
Latin American Republics
1963
1964
5,61
6,673 5,257
72
1960
1961
1962
1963
5,412 5,326 5,386
128
81
1964
1960
1961
1962
Australia,
New Zealand,
and South
Africa
Japan
Total
1963
1964
n.a
n.a
8,135
780
8,863
717
9,721
832
10,692
674
1962
1961
n.a
n.a
1963
1963
1964
1963
1964
2,124 1,951 2,296 2,522
1,175
1,540
International institutions
Other
Caribbean
Line
1960
1964
1962
1961
1963
1964
651
699
268
281
296
303
331
1
2
5,61
6,673 5,185
5,284 5,245 5,33
6,038
7,355
8,146
8,889
10,018
11,318 2,124 1,951 2,296 2,522
1,175
1,540
651
699
268
281
296
303
331
3
4,104
128
372
4,767 3,526
138
226
448
253
3,490 3,322 3,261
264
219
237
344
273
302
3,786
281
368
5,260
480
65
5,780
510
72
6 12
564
81
6,914
611
107
7,792 1,767 1,540 1,821 1,975
663 119 118 127 136
25
13
20
122
13
848
58
20
1,156
73
23
372
57
35
445
62
36
13
135
122
126
147
163
4
5
6
94
108
21
72
(*)
24
78
83
9(
13
11
7
8
9
17
46
32
47
19
43
30
45
10
11
12
527
34
376
592
38
355
571
58
342
571
69
342
659
89
365
13
14
15
16
57
136
100
5?
61
-259
-259
-116
-116
-311
-311
-112
-112
20(
455
330
4,997
3,715
135
522
241
I
34
276
27
19
293
32
17
289
41
16
293
5
17
306
59
17
301
67
54
•328
75
57
373
93
63
434
110
70
474
122
92
87
634
405
641
138
79
730
153
77
762
164
112
801
174
126
900
199
122
960
103
65
1,078
151
95
1,260
197
137
1,352
235
185
1,523
316
214
15
80
12
4,193 4,384 4,532
3,298 3,458 3,513
132
143
159
442
477
532
4,635
3,556
175
559
5,624
3,916
267
241
5,743
3,961
260
274
6,505
4,560
344
307
5,490 4,574
4,190 3,619
145
176
550
447
26
31
184
33
98
28
3
105
£
6,938
4,894
375
322
7,608 1,615 1,937 2,119 2,370
1,358 1,497 1,769
5,493 1,054
91
108
126
137
400
54
50
340
52
46
837
655
46
13
794
601
51
14
1
15
102
90
(
{
94
(
10
746 -191
746 -191
-12 -28
-12 -28
13
(*)
-234
-234
-32
-32
-9
-18
-22
""-3
-8
-2
25
112
15
10(
26
133
31
58
11
296
53
14
258
163
61
59
155
65
57
109
73
76
92
84
79
88
89
80
21
109
980
14
118
1,046
18
130
1,056
18
157
1,041
19
189
1,003
4
6
388
377
6
12
362
16
310
1
8
105
203
57
215
65
35
14
37
39
9
62
11
79
9
47
43
45
25
56
34
91
40
120
44
6
19
16
15
40
24
53
24
6
3
n.a.
n.a.
3,120
3,754
2,511
3,216
2,384
3,080
1,403
1,731
2,403
3,710
n.a. -2,283 -2,370 -2,521 -2,416
n.a.
-326 -1,503 -1,653 -1,689 -1,742 -1,802
509
509
-27
-27
14
14
-28
-28
177
177
-33
-33
152
152
-32
-32
338
338
-11
-291
-21
-21
-26
-25
-9
n.a.
-674
-780
-832
n.a.
-717
-236 -1,199 -1,335 -1, 366 -1,376 -1, 424
-22
-85
-83
-77
-85
-87
-2
-4
-1
-6
(*)
—7
(*)
-2,783 -851 -583
-1,649 -828 -527
-572 -29 -54
-123 -61 -101
4
40
2
16 -11 -23
-238 -34 -108
-772 -695 -245
-1,134 -23 -56
-1, 346 -64 -98
39
248
37
-892
-839
-68
-164
9
-29
-120
-467
-53
-93
61
-661
-712
_ _ _-73
___
3
-21
4
620
620
-30
-30
-6
1,183
683
611
1,183
-36 -254
-36 -182
-9
-63
_______
-72
-106
-13
"-24
854
1,219
942
1,091
861
799
-363 -355 -422
-235 -274 -367
-68
-81 -103
-128 -81 -55
-151 -176 -244
-16 -17 -20
-917 -1,516
-918 -1,517
-365 -250
-693 -700
107
87
37
17
2 -276
-6 -395
1
1
1
-700 -1,156 -720
-453 -219
-539
-173
32
-95
-107
-18 -102
14
14
12
-18 -22
-159
-108 -39
-190
-150 -102
-161
-703 -501
-331
-798 -621
164
177
138
22
26
15
1 -29
-69 -59
-68
-227
-233
-240
-281
-544 -1,275 -1,749 -2,307 -2,047 -2,866
-165 -1,027
-858 -1,525
-953 -1,522
-69
-154
-156
-392
-591
-431
-35
-201
-250
-106
—199
-238
18
35
13
33
31
57
-1
-2
-62
-49
-39
-33
21
-115
-60
-100
-49
-99
-99
-522
-584
-566
-854
-202
-379
-248
-891
-782 -1,094 -1,344
-557
-470
-571
-801 -1, 098 -1,247
215
202
188
130
181
188
34
1
94
15
-71
-60
-450
-184
-314
-163
4
-40
4
(*)
-135
-522
51
-18
65
45
260
1
75
108
37
179
75
134
-30
57
16
41
11
-39
-35
26
6
5
3
16
-9
-1
34
13
5
-20
19
-25
57
-21
17
144
10
7
41
20
-1
56
57
22
-17
-36
-8
41
-15
-36
-7
50
32
25
1
-15
-11
5
-28
-38
-4
8
-1
223
-9
29
104
26
8
7
22
1
34
10
9
-5
-1
5
-1
(*)
C)
_______
44
9
-8
1
71
114
8
16
97
-80
-111
-108
-17
15
-10
28
-19
31
(*)
17
15
-1
15
12
-39
-13
14
12
1
1
19
5
2
-1
13
28
5
73 111
(*)
(*)
16
16
70
78
71
-275
-275
-156
-156
-328
-328
-141
-14
-114 -110 -154 -142 -137
-8
c
-1 — 7 -97
1
1
19
-1 -11 -40
7 -22
-11 -38
-6 -3
-6
-74
2
22
23
24
25
27
28
29
20
79
63
43
16
23
18
44
45
46
36
56
45
-68
-31
-121
-62 -121
£
3
-38
-63;
-14
-2
-8
71
70
52
1
2
5 -15
5
13
12
58
58
-W
-77
-78
4
\\
11
47
48
49
125
-64
20
21
30
31
32
33
34
35
36
37
38
39
40
41
42
-60 -361 -147
13 -240 -70
-8 -74 -27
-12 -84
18
16
12
15 -98 -55
(x\
-7
6
-268
-268
-145
-145
17
18
19
26
-144 -178 -214 -209
-158 -172 -211 -130
-133 -167 -134 -12
34
(*)
116
12
(*)
842
933
518
593
62
63
152
160
151
6
t
39
-2
-48
124
598
351
351
-160
568
529
109 -175
-32
-56
150
109
90
24
103
100
716 -297
524
289
235
38
6
7
66
1
3
175 -137 -273
50
175 -248
684
99
355
51
523
273
61
-2
52
212
-51
566
295
501
-51
658
553
719 -297
524
289
234
38
6
7
66
698
25
859
-38
82
52
-64
-2
52
212
-51
566
295
501
-51
658
553
719 -297
524
289
234
38
6
7
66
698
25
859
-38
82
52a
221
111
218
13
76 -491
-276
945
1,474
724
918
140
625
62
498
342
-318
-615
384
388 -119
519
392
53
170
207 -322
160 -115
724 -257
526
289
249
187
7
64
282
109
225
859
586
787
576
-280
-609
391
488
-60 -498 -?27
467
-112
587
316
353
78
951
699
25
75
19
1,446
1,423
1,382
1,471
-65 -140
512
297 -1,093 -1,345
-431
-772
270
98 -592
328
-135 -585
422 -185
577 -384 -424
996 -224
928
479
682
375
517 -599
10 -140
I
385
II
246 ^402 -525
III
412
SURVEY OF CUEEENT BUSINESS
18
June 1965
Table 3B—United States Balance of Payments—Quarterly, 1960-64, and 1st Quarter 1965
[Millions of dollars]
19(K)'
1962
1961[ r
1963 '
r
196^I'-
1965 P
Type of transaction
1 Exports of goods and services
2. Goods and services transferred
under military grants, net.
3. Goods and services excluding transfers under military grants.
4.
Merchandise, adjusted, excluding military.
5
Transportation
6
Travel
- Miscellaneous services:
7
Private
8.
Government, excluding military.
9
Military transactions
Income on investments:
10
Direct investments
11
Other private
12
Government
13 Imports of goods and services _ __
14. Merchandise, adjusted, excluding
military.
15 Transportation
16
Travel
Miscellaneous services:
17
Private
18.
Government, excluding military.
19 Military expenditures
Income on investments:
20
Private
21
Government
-
I
IV
II
I
IV
II
IV
I
II
III
IV
7,265
324
7,621
543
7,038
247
8,098
351
7,492
390
8,550 ,429
626 218
8,346
305
7,785
447
8,995 ,795
675 134
9,260
226
9,240
305
9,730
517
6,643
7,321 .6, 941
7,078
6,791
7,747
7,102
7,924
8,041
7,338
8,320 ,661
9,034
8,935
9,213
8,792 10,077
8,567
4,699
5,152
5,020
4,923
4,678
5,315
5,015
5,463 920
5,206
4,974
5,718 ,223
6,154
6,155
6,304
5,932
6,897
5,620
453
288
432
181
416
173
464
245
456
283
469
184
465
187
493
260
501
264
505
167
454
185
552
264
561
288
548
197
537
223
582
303
607
334
591
172
449
234
235
529
306
36
309
36
323
43
352
38
331
42
344
43
342
44
397
45
358
46
379
50
382
54
428
54
402
56
400
59
400
58
485
62
435
60
441
65
440
66
521
455
58
122
70
85
71
150
88
93
96
228
127
205
164
244
103
148
194
191
168
209
179
518
147
60
564
156
57
520
160
87
753
183
145
640
184
64
621
197
91
643
196
61
864
216
164
644
219
72
701
224
126
647
225
91
1,058
236
182
782
233
88
717
258
108
666
253
109
969
278
193
946
291
94
899
315
113
816
309
120
1,080
1, 043
741 6,043 6,003 5,390
833 3,860 3,553 3,486
5,281
3,401
5,629
3,460
6,079
3,686
5,935
3,960
5,889
3,938
6,363 ,511
4,083 ,964
6,366
4,188
5,982
3,928
6,623 ,067
4,227 ,316
6,764
4, 521
6,521
4,348
7,117
4,590
7,459
4, 651
7,360
5,030
6,776
4,604
444
I
II
III
IV
443
781
7,564
622
6,925
282
7,739
418
338
6,942
623
5,015
418
I
I
II
III
211
III
ll!
n.a.
n.a.
n.a.
n.a.
70
347
127
n.a .
n.a.
232
67
339
103
427
530
466
538
663
420
326
414
272
546
450
545
665
438
348
457
286
598
496
562
730
511
373
502
316
628
543
645
823
541
408
535
339
689
584
675
849
100
64
118
110
789
118
69
725
102
88
776
103
77
769
117
150
695
123
91
714
103
82
766
96
74
759
107
143
752
105
99
801
91
95
755
96
92
738
102
157
721
102
103
715
92
133
732
95
99
720
101
165
691
108
772
102
70
762
137
681
112
664
167
101
167
86
155
77
178
68
159
69
159
65
153
68
185
76
177
80
173
84
167
86
200
89
204
91
204
95
199
104
264
110
231
111
230
110
218
109
273
122
256
122
040 1,521
22 Balance on goods and services
23. Excluding transfers under mili597
899
tary grants.
24. Unilateral transfers net (to foreign -983 -1,200
countries (— )).
25
Excluding military transfers
—540 -578
922
640
2,349
1,931
1,984
1,660
959
712
2,163
1,812
1,603
1,213
2,187
1,561
918
700
1,980
1,675
1,803
1,356
2,372
1,697
728
594
2,496
2,270
2,719
2,414
2,613
2,096
n.a.
1,333
n.a.
2,717
n.a.
1,791
-991 -1,107 -1,383 -799
-947
-980 -1,254
n.a.
n.a
n.a.
-675
-737
-630
-681
-655
-144
277
-863 -1,055
1,992
1,449
-983 -1,198
-830 -1,013 -1,111 -1,273 -821
-581
-637
-659
-655
-583
-662
-721
-647 -603
-686
-660
-708 -665
-721
565
26.
-103
-111
-111
-133
-117
-109
-114
-130
-116
-121 -115
-141
-144
-142 -136
-153
-138
-133
-133
-156
27.
-443
-622
-282
-418
-324
-543
-247
-351
-390
-626 -218
-305
-447
-675 -134
-226
-305
-517
n.a
n.a
Private remittances..
Government:
Military grants of goods and
services.
28
Other grants
29.
Pensions and other transfers
30. U.S. capital, net (increase in U.S.
assets (-)).
31 Private net
32.
Direct investments, net
33.
New foreign securities sold in
the United States.
34
Redemptions
.
35.
Other transactions in foreign
securities.
36
Other long-term, net
37
Short-term, net
38
Government, net
39.
Lons term capital
40.
Repayments on U.S. Government loans, scheduled.
41.
Repayments and selloffs, nonscheduled.
42.
Foreign currency holdings and
short term claims, net (increase (— )).
43. Foreign capital (lines 44-48) net
(increase in U.S. liabilities (+)).
Direct investments in the United
States.
45. O ther long term investments
46. U.S. private short-term commercial and brokerage liabilities.
47. U.S. Government liabilities associated with specific transactions.
48 U S Government nonmarketable,
medium-term, nonconvertible
securities.
44.
49 US. Government nonmarketable,
medium-term convertible securities.
50. Increase in short-term official and
banking liabilities and in foreign
holdings of marketable U.S. Government bonds and notes (decrease (— )).
—381 -418 —417 —448 -480
-62
-49
-53 -56
-56
-888 -1,127 -1,092 -1,883 -1,394
-680 -1,497 -1,023
-365 -442 -235
-170
-91 -138
—737
-312
-111
—947 — 1 543-1,011
-329 -728 -458
-53 -95 -107
-992
-334
-187
53
-23
55
-110
47
-105
46
-71
41
-69
29
-88
40
-73
38
-157
66
-91
—92
230
—238
132
—78
— 181
-390
—353
108
—25
—482
-145
—234
160
—102
—593
-340
—388
183
51
-469
-383
-409
98
—36
-376
414
-309
192
-60
-131
-467
-53"
78
-218
-580
-490
-684
210
-185
-408
-397
-479
129
17
5
-150
634
24
-95
-142
-77
-103
<
51
-2(
26
-13
99
3
152
-2
-32
2
9
14
-6
54
10
2
52
33
30
72
69
21
11
52
167
337
29
-27
-24
61
65
19
-45
64
106
28
184
(*)
17
198
35
34
24
-75
29
-50
-266
-3
16
508
75
7
148
79
-504
-202
-395
142
-129
-597
-465
-697
130
25
40
101
77
-275
-625
-255
145
4
-11
-329
-415
-413
-568
229
477
312
31
-128 -114
9
-53
-72 -6
-620 -44
131 163
-20
62
-462
-558
121
26
226
21
38
35
21
-25
-276
-657
207
255
198
53
38
40
-59 -35
17 -56
-446
25
-507 -486
154 109
28
57
54
94
43
-79
-48
59
50
87
56
28
-67
181
52
15
45
(*)
36
-33
-14
40
121
-53
n. a.
-673 -521 -1,208 -1,062 -1,719 -276 -1,399 -1,299 -1,538 -1,144 -2,481 -1,375
-707 -42C -606 -440 -910
-959
-476 -342 -601 -582 -525 -162
gi -12" -284
-71 -581
-302
-312 -133
-461 -486
-513 -166
58
146
17
91
-438
-486 -413 -475 -537 -467 -430 -485 -447 -500 -466 -504 -470 -538 - 425 -45
-66
-72
-6"
-74
-69
-66 -63 -64
-73
-59 -58
-60
-56
-57
-68
-60
-578 -1,147 -1,987 -1,420 -1,119 -496 -1,484 -1,524 -2,440 -344 -1,812 -1,554 -2,003 -1,539 -3,045 -1,693
—658
-305
-296
-141
555
372
-15
-1
-5
2
50
-72
26
-100
235
13
246
47
4
-87
10
-30
152
65
56
17
113
-76
114
297
-1
12
15
-5
15
28
37
-19
25
63
—1
-9
35
15
17
25
32
32
91
19
158
-52:
17
—1
156
-53
-60:
155
-5
63
24
39
51
-390
-687
-453
-53i
148
-318
-632
145
-5&
249
10
-189
159
280
29
5
51
122
20
-17
20
748
1,47
-5
30
7
-15
842
-742
53
65
44
10
-4
24
1,12
43
4
51. Increase (— ) in monetary reserve
assets including gold convertible
currencies and IMF gold tranche
position.
16
17
73
1,06
37
-32
-21
76
42"
-16
88
38
3
12
227
52. Reduction in monetary reserve assets
and increase in liquid liabilities
including U.S. Government non
marketable medium-term con
vertible securities (lines 49-51).
52a. Excluding increase in U.S. Govern
ment nonmarketable medium
term convertible securities (lines
50 and 51).
69
82*
1,18
1.17
33
—7
91
1,20
47
32
69
71
70
1,19
59
17
-22
63
1,02
1,36
151
69
82*
1,18
1,17
33
91
1,2(M
47
32
69
71
35
1,03
42
15
-224
51
81
1,36
100
48 -18S
SURVEY OF CURRENT BUSINESS
June 1965
19
Table 3B—United States Balance of Payments—Quarterly, 1960-64, and 1st Quarter 1965—Continued
[Millions of dollars]
1960 '
Type of transaction
53. Errors and omissions and transfers
of funds between foreign areas
(receipts by foreign areas ( — ) ) net.
Memorandum items:
I. Increase in reported total foreign
gold reserves and liquid dollar
holdings.2
II. Through estimated net receipts
from, or payments to. t he United
States.s
III. Through other transactions.*
I
II
III
IV
-13
-203
-205
-567
860
1,030
1, 274
1,025
462
689
818
1,176
1,164
171
212
98
—139
I
II
III
IV
I
II
III
It)64>-
196;J '
1962 '
1£ 61'
IV
I
I
IV
I
II
III
IV
25 -313
-161
-72
-40
-352
-697
126
III
II
78
-618
142
238
924
1,380
564
380
664
928
845
1,336
731
596
-112
1,164
1,139
1,361
-79
326
-82
904
1,184
461
307
681
696
690
1,175
581
155
-243
610
1,000
1,342
130
136
320
20
196
103
73 —17
232
155
161
150
441
554
139
19
-136
-369
-157 -455
-727
48
131
-209
See footnotes on pages 20 and 21.
the first quarter of 1964, and $200
million higher than in the fourth
quarter. Most of the gain was from
direct investments and reflected a
larger investment base and some acceleration of distributions to parent companies. Receipts rose from all areas,
but particularly from the United Kingdom. Last year's heavy outflow of
bank loans and other portfolio lending
has resulted in an enlarged return
flow of income on these investments
also.
Government Transactions
On balance, Government transactions were reduced by over $200
million between the fourth quarter
1964 and the first quarter of this year,
but the shift primarily reflected special
circumstances.
Grants and capital
outflows at $959 million were lower
than in any quarter of the previous 2
years, partly reflecting the delay in
shipments because of the dock strike.
Repayments on outstanding loans were
back to normal following the fourthquarter dip when the British repayment was postponed.
Military expenditures were somewhat
lower, despite larger outlays in Asia.
Early data indicate that receipts from
military sales were also reduced compared with the fourth quarter of last
year.
Merchandise Trade
The balance of merchandise trade
dropped sharply in the first quarter
1965 since the impact of the lengthy
longshoremen's strike fell more heavily
on exports than imports.1 It is estimated that the merchandise export
products; nonagricultural exports appear to be little changed.
For agricultural exports, a considerable amount of collateral information
is available. It suggests that, even
without the strike influences, there was
some weakness in markets for wheat,
cotton, and tobacco. The near-record
1964-65 European wheat crop, in
strong contrast to the poor harvest a
year earlier, has reduced European
demand for U.S. wheat. This has
been only partly offset by increased
wheat shipments to India under the
U.S. aid program. Ample world supplies of cotton and tobacco are also
expected to result in smaller U.S. shipments abroad.
On the other hand, strong upward
trends were evident in exports of feed
Exports
grains, soybeans, and fats and oils,
Seasonally adjusted merchandise ex- reflecting expanding demand in the liveports amounted to $5.6 billion in the stock industry abroad, as well as shortfirst quarter of 1965, down by $1.1 ages caused by the poor Mediterranean
billion from the high fourth quarter olive crop.
While less information is available
level. Exports are estimated to have
been reduced by roughly $0.8 billion for nonagricultural exports, it seems
because of the dock tie-up. Of that reasonably clear that the dock strike
amount, $0.2 billion was shipped in the was primarily responsible for the drastic
fourth quarter when exports were decline in the first quarter, and that
speeded up in anticipation of the strike. the more basic trend does not seem to
The unshipped backlog at the end of be turning downward. However, the
strike affected so many diverse comMarch is estimated at $0.6 billion.
After adjustment for deviations from modities and areas that determination
expected trends caused by the strike, of basic trends will be obscured for
the principal shift in the first quarter some time in the future.
Canada is the one major trading area
seems to have been a downturn in
the movement abroad of agricultural that was little affected by the strike
since normally only a relatively small
1. A suspension of unloading and loading activities would
have less effect on recorded imports, which are reported when
percentage of the trade is oceanborne
the ship arrives (regardless of when it is unloaded), than on
from U.S. Atlantic and Gulf ports, and
recorded exports, which are reported at the time that the
ship actually leaves the port. Also bulk cargoes such as
much of that was diverted to rail or
crude petroleum, unloaded by automatic processes, comprise
truck carriage. Nonagricultural exa greater share of imports than exports.
surplus in the first quarter was reduced
by about $0.6 billion because of the
dock strike. In the second quarter the
export surplus will perhaps be inflated
by $0.5 billion because of the catching
up in strike-delayed deliveries. Smaller
distortions in exports and imports
occurred when threats of strikes brought
a speed-up in shipments in the third
and fourth quarters of last year.
Estimates of the impact of the strike
on exports and imports have been constructed by comparison of monthly
movements before strike effects were
noticeable with those during periods
affected by the strike. These comparisons excluded data for Canada and
Mexico, and for petroleum, all of which
were relatively free of strike influences.
SUKVEY OF CUEEENT BUSINESS
20
June 1965
Table 3C—United States Balance of Payments—
(Millions
Western Europe
Line
Type of transaction
Canada
Eastern Europe
1964'
1965
1964 r
IP
IV
I
II
III
IV
I*
Exports of goods and services.
_
Goods and services transferred under military grants, net
Goods and services excluding transfers under military grants
Merchandise, adjusted, excluding military _
Transportation
Travel
Miscellaneous services:
Private
Government, excluding military
Military transactions _ _ _ _ . _
Income on investments:
Direct investments
Other private
__ _ _ __ _ _ _ _ _ _
Government
3,141
135
3,006
2,150
246
24
3,272
230
3,042
2,085
264
50
n.a.
n.a.
2,793
1,936
273
49
n.a.
n.a.
3,422
2,417
271
34
n.a.
n.a.
2,792
1,885
250
28
168
17
131
176
18
162
169
19
141
202
18
184
178
18
127
183
66
21
182
77
28
107
71
28
182
83
31
205
77
24
1
1
2,245
1,221
278
84
2,605
1,279
412
255
2,544
1,233
391
298
2,548
1,459
291
121
2,305
1,256
295
98
26
22
1
CO
29
24
2
2
56
31
385
58
28
383
57
31
358
65
34
356
58
32
355
CO
20
21
-Imports of goods and services.
.
Merchandise, adjusted excluding military
Transportation
Travel
Miscellaneous services:
Private
__ _
_ _
Government, excluding military
Military expenditures
Income on investments:
Private
Government
129
61
128
62
114
62
151
71
141
70
C)
22
23
24
25
Balance on goods and services. _
Excluding transfers under military grants
Unilateral transfers net (to foreign countries ( — ))
Excluding military transfers __ __
896
761
-222
-87
667
437
-318
-88
n.a.
249
n.a.
-103
n.a.
874
n.a.
-104
n.a.
487
n.a.
-92
144
144
-9
-9
101
101
-10
-10
18
18
-7
-7
8
8
-10
-10
-37
-38
-40
-47
-40
-7
-7
-6
-135
-18
-32
-230
—17
-33
n.a.
—27
-36
n.a.
—19
-38
n.a.
—16
-36
—1
9
7
13
-103
-14
-23
—132
43
22
44
-830
-738
-369
-24
18
21
-283
-101
-92
—126
25
2
7
-593
-558
-504
-9
4
16
-135
70
-35
—105
21
1
48
7
35
24
26
—71
—7
-29
-26
-14
40
—27
-2
121
-17
-21
-10
140
29
82
19
-2
15
50
122
203
50
6
551
934
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
26
27
28
29
Private remittances
Government:
Military grants of goods and services
Other grants
Pensions and other tranfers _ _ _
__
_
__
1964 r
1965
I
II
170
130
53
41
170
160
7
130
117
9
53
42
1
41
36
1
2
3
3
1
3
III
C)
I
II
III
IV
IP
32
1,556
1,696
1,584
1,837
1,651
32
26
1
1,556
1,130
28
104
1,696
1,259
35
122
1,584
1,127
38
137
1,837
1,251
37
85
1,651
1,194
30
105
3
1
56
1
16
55
1
6
60
2
5
70
2
7
59
1
11
127
94
117
101
116
99
274
111
148
103
00
1
2
1
CO
-1
6
1
1
35
26
2
5
33
27
2
2
35
31
1
1
1,172
928
30
49
1,335
1,042
37
110
1,576
1,096
40
300
1,407
1,124
38
91
1,266
1,055
31
50
co2
(
\
CO
CO
14
4
78
12
3
67
13
3
57
14
4
56
15
2
43
53
16
49
15
51
16
62
18
53
17
-3
-3
-9
-9
384
384
-8
-8
361
361
-9
-9
8
8
-9
-9
430
430
-10
-10
385
385
-11
-11
-7
-7
-1
-2
-3
-3
-4
-7
-7
-6
-7
-7
-254
-2
-301
-304
39
-187
18
-19
2
-157
3
-236
-233
-15
-44
17
25
-293
77
-3
-616
-619
-208
-383
22
-4
15
-61
3
-49
-50
-213
-99
20
58
-47
231
1
-2
3
-3
3
1
35
10
8
-5
22
33
9
27
-3
169
-8
-27
2
202
23
15
-2
11
—1
(*)
89
50
19
-4
24
59
138
106
(«)
2
8
—2
-1
-1
—1
-1
-36
5
3
-2
6
4
6
-1
1
4
-41
2
-4
5
(*)
—3
W
1965
(*)
30
31
32
33
34
35
36
37
38
39
40
41
42
U.S. capital, net (increase in U.S. assets (— ))
Private, net
--- -- -_
Direct investments net
New foreign securities sold in the United States
Redemptions
__
_
Other transactions in foreign securities
Other long-term, net
Short-term, n e t
_ _ _ _ _
_ _ _ _
Government, net
Long-term capital
Repayments on U S Government loans scheduled
Repayments and selloffs, nonscheduled
Foreign currency holdings and short-term claims, net (increase
—425
-399
-288
43
44
45
46
47
48
Foreign capital (lines 44-48) , net (increase in U.S. liabilities (+))...
Direct investments in the United States
Other long-term investments
U.S. private short-term commercial and brokerage liabilities
U.S. Government liabilities associated with specific transactions.
U.S. Government nonmarketable, medium-term, nonconvertible securities.
49
-4
-35
-7
150
-55
49
50
U.S. Government nonmarketable, medium-term convertible
securities.
Increase in short-term official and banking liabilities and in
foreign holdings of marketable U.S. Government bonds and
notes (decrease (— )).
-27
51
Increase (— ) in monetary reserve assets including gold, convertible currencies, and IMF gold tranche position.
-195
228
-80
84
769
52
Reduction in monetary reserve assets and increase in liquid liabilities including U.S. Government nonmarketable, mediumterm, convertible securities (lines 49-51).
Excluding increase in U.S. Government nonmarketable, mediumterm, convertible securit ies (lines 50 and 51).
-222
356
674
900
53
-3
5
-5
-1
4
-307
61
138
106
-443
-222
234
471
850
2
-3
5
-5
-1
4
-307
61
138
106
-443
-60
-9
-70
67
29
52a
53
I
II
III
Errors and omissions and transfers of funds between foreign
areas (receipts by foreign areas (— )), net.
Memorandum items :
Increase in 2reported total foreign gold reserves and liquid dollar
holdings.
Through estimated net receipts from, or payments to, the United
States.s
Through other transactions *
_ _ _ ._
3
65
-161
-18
-26
—87
17
44
-76
-782
-700
-382
-11
7
52
-124
-242
-82
—125
34
70
-423
-400
-303
-368
63
-155
806
695
1,125
-298
426
306
-61
116
380
389
1,186
-271
121
C)
-2
-3
(*)
4
1
-7
-42
CO
6
-2
2
C)
2
-3
7
9
1
4
-4
1
3
1
(•)
8
(*)
(*)
(*)
(«)
CO
a
51
-767
-177
x
»—Preliminary.
r—Revised.
n.a.—Not available.
—Less than $500,000.
1. Transactions with shipping companies operating under the flag of Honduras, Liberia,
and Panama are included in "unallocated."
2. Changes in reported total gold reserves of foreign central banks and governments (in-
-961
-12
-9
-363
-361
-66
-86
30
15
-3
5
-5
-1
4
-305
-2
-120
-3
-123
120
2
259
-253
5
-5
-1
4
-55
-14
-5
6
60
9
4
-2
-48
-205
-25
2
-145
-418
121
197
142
-425
-84
68
173
-414
205
129
-31
-11
cluding international organizations but excluding the countries of the Soviet bloc) net of
convertible currencies held by U.S. monetary authorities, plus foreign liquid claims on the
United States plus net changes in foreign IMF positions through U.S. dollar transactions.
3. For "All areas" equals balance (with reverse sign) of line 23 (less net sales of gold by
domestic sources to (+) or purchases from (—) the monetary gold stock of the United States)
SUKVEY OF CUEEENT BUSINESS
June 1965
21
Area by Quarter, 1964 and 1st Quarter 1965
of dollars)
Latin American Bepublics and
Other Western Hemisphere
Japan
1965
1964 r
1965
1964 r
I
II
III
IV
IP
1,552
13
1,539
947
76
82
1,702
22
1,680
1,059
86
105
n.a.
n.a.
1,696
1,044
96
119
n.a.
n.a.
1,822
1,181
85
98
n.a.
n.a.
1,497
884
74
85
683
583
582
674
634
683
548
37
4
583
450
32
8
582
447
34
8
674
530
33
5
634
483
38
4
77
14
9
79
16
3
81
15
4
94
16
2
80
16
3
27
2
5
28
2
4
27
2
3
32
2
4
28
2
4
262
49
23
254
51
27
250
51
36
250
60
36
271
61
23
7
43
10
6
46
7
6
45
10
12
50
6
12
53
10
1,414
1,072
57
179
1,358
1,018
60
165
1,334
960
60
195
1,462
1,099
61
180
1,386
1, 026
60
190
503
365
32
8
573
419
33
13
649
498
37
13
645
487
35
20
19
22
42
22
22
47
28
25
40
26
23
45
15
24
40
1
3
76
2
4
82
2
4
78
20
3
22
2
24
2
26
2
28
3
12
6
14
6
138
125
-114
-101
344
322
-109
-87
n.a.
362
n.a.
-79
n.a.
360
n.a.
-91
n.a.
Ill
n.a.
-96
180
180
7
-7
-24
-22
-21
-23
-24
-6
-13
-70
-7
-22
-60
-5
n.a.
-51
-7
n.a.
-63
-5
n.a.
-64
-8
-113
-141
-38
-13
2
4
-36
-60
28
-81
40
52
17
-315
-226
-88
-56
(*)
-2
15
-95
-89
-148
47
33
-21
-437
-295
-64
-14
2
-7
-37
-175
-142
-150
31
4
-27
-624
-576
-100
-125
10
-8
-79
-274
-48
-94
70
5
-29
13
5
10
8
-10
5
-4
5
-8
12
5
3
-10
7
5
148
15
124
8
1
II
I
III
Other countries in Asia and Africa
Australia, New Zealand and
South Africa
IP
IV
1965
1964 r
Line
I
II
III
IV
IP
428
368
1,892
265
1,627
1,064
95
11
n.a.
n.a.
1,604
1,028
103
13
n.a.
n.a.
1,760
1,152
104
8
n.a.
n.a.
1,507
877
82
6
77
81
93
86
368
271
14
4
1,723
157
1,566
972
90
6
80
428
330
17
5
80
77
81
93
86
38
40
42
43
40
22
22
(•)
(•)
24
1
(•)
22
<•)
<•)
7
8
9
III
IV
335
378
399
335
248
15
3
378
270
21
7
399
308
20
8
I
II
III
IV
I*
1
2
3
4
5
6
25
31
26
°9
°4
°6
57
26
13
52
28
8
53
27
6
65
31
8
59
29
28
22
8
16
7
1
38
8
(•)
19
9
1
32
9
(•)
38
8
1
345
20
37
297
22
50
314
21
39
315
24
53
358
25
43
6
12
1
5
10
4
13
15
10
11
12
1
10
11
12
624
481
34
9
198
150
13
3
197
155
14
3
200
148
12
4
199
148
12
4
173
137
14
4
795
571
33
16
879
631
38
36
929
669
40
34
908
659
38
26
849
597
32
20
168
19
91
141
22
93
192
21
93
158
27
88
138
21
88
13
14
15
16
2
5
74
2
4
74
1
3
26
<•)
3
20
W
w
.
27
(•)
2
13
1
35
124
1
36
121
1
40
129
1
44
123
1
41
139
«i
<•)
2
(•)
56
(«)
20
(•)
5
17
18
19
12
15
13
1
1
2
1
2
1
2
11
12
12
13
14
5
5
20
4
20
3
19
4
19
5
19
20
21
10
10
g
-8
-67
-67
7
-7
29
29
in
-10
10
10
g
-8
137
137
181
181
199
199
229
229
195
195
928
771
-3
-2
-4
—3
-3
1,013
748
707
-472
n.a.
675
n.a.
-401
n.a.
852
n.a.
-414
n.a.
658
n.a.
-424
-88
-88
-21
-21
-64
-64
-61
-61
-111
-111
-20
-20
-65
-65
-39
-39
-52
-52
-12
-12
22
23
24
25
-6
-5
-8
-6
-2
-2
-3
-2
-2
-61
-56
-55
-63
-61
(•)
W
(•)
-3
(•)
26
-157
-360
-18
-265
-397
-19
n.a.
-327
-19
n.a.
-332
-19
n.a.
-345
-18
-21
-61
-20
(•)
-35
-1
-12
CO
27
28
29
-317
-34
58
-24
1
1
-5
-65
-283
-350
51
-438
-172
-119
-30
-632
-257
-154
-49
3
14
3
-74
-375
-245
42
31
15
10
-77
-15
-24
4
3
6
-204
-206
-35
-160
4
-15
115
-467 -14
-249 -23
-94 -25
-4
-29
3
3
-2
3
-74
-53 (•)
-218
9
-338
2
38
1
7
81
-8
-7
-17
16
-377
-105
-17
-13
2
(*)
-37
-40
-272
-311
40
3
-4
2
-1
3
1
-1
5
-1
5
-2
4
—1
26
(
i
26
()
4
29
(•)
(«)
-2
O
-2
(z)
-2
(")
-2
-I
(•)
C)
-1
-1
-1
-225
-113
-36
-5
3
-11
-131
67
-112
-186
51
(•)
23
-292
-311
-30
-90
-97
-12
-57
-77
-18
-222
-227
-13
-81
-114
-15
-18
-21
-31
-33
-37
-27
-43
-47
-33
-50
-53
-42
-80
-84
-62
13
4
-61
-237
19
-3
25
1
4
-20
-70
7
-4
7
3
1
-22
-41
20
—8
26
1
-9
-32
-174
5
-3
7
2
2
-5
11
3
4
3
C)
-17
4
3
3
-14
-6
4
6
4
-20
—1
3
3
2
-35
8
4
3
3
3
1
3
4
-3
4
2
1
2
3
-33
-71
33
-3
25
8
3
-18
1
-9
-7
-3
2
7
o
-8
-12
14
-43
-37
-2
-2
-2
-18
-9
2o
5
(•)
(•)
-3
1965
1964'
1965
1964 r
IP
II
I
International institutions and
unallocated 1
W
3
4
(*)
3
-3
1
7
-1
5
2
(•)
3
(•)
-2
(")
(*)
(*)
-2
4
11
11
(*)
(•)
3
8
-3
?1
-2
10R
-439
8,
-20
-266
-419
38
11
w
-172
22
,8 ".17
-9
(•)
1
(•)
(•)
8
2
?1
1 (•)
16 -62
—62
3
C)
13
5
5
6
(•)
4
(•)
2
4
-9
49
226
-70
-69
1
150
140
1
C)
(*)
-1
(•1
2
(•)
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
54
157
if
4
(•)
50
179
-22
-124
-10
-59
50
89
51
49
27
160
-29
259
171
3
26
7
-26
8
30
134
-36
233
179
30
134
-36
233
46
-59
185
-26
38
146
-35
76
75
149
-38
71
-184
-15
89
-15
-2
125
127
-50
-1
50
-15
-52
124
177
89
-15
4
11
6
179
-15
-52
124
177
89
-15
4
11
6
49
132
148
—7
69
231
174
-15
-51
124
191
89
207
228
117
96
117
246
97 -121
24
-54
7
-55
-132
-147
8 -106
-8
-15
106
-155
-9
-151
142
-161
-2
-150
148
plus lines 25,30,43, and 53. Domestic sabs to (+) or purchases from (-) the monetary gold
stocks were in millions of dollars: 19601, ^9; II, -10; III, -5; IV, -10; 1961 I, -5; II, -9; III,
-8; IV, -16; 1962 I, -13; II, -15; III, -12f IV, -18; 19631, -15; II, -16; III, -15; IV, -23; 19641,
-19; II, -22; III, -21; IV, -27; 1965 I, -21.
6
-193
-6
-187
181
235
44
81
7
9
2
12
228
53
83
49
227
80
71
32 -101
30
52
12
228
53
83
49
227
80
71
32 -101
30
52a
-245
104
9
123
15
38
57
69
81
53
12
-121
-61
-109
48
(•)
236
66
88
53
276
77
80
-17
157
92
172
242
99
106
253
-91
-4
34
-22
-26
-119
156
-91
228
77 -374
19
I
100
90
II
-3 -474
-71
III
80
4. Line I minus line II for all areas represents gold obtained by foreign central banks and
governments outside the United States.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
22
June 1965
Table 4.—-Analysis of Major Government Transactions
[Millions of dollars]
Item
1960
Calendar year 1964 quarters
1961
1962
JanuaryMarch.
1965 v
1964
1963
II
I
III
IV
TABLE 4A.— GOVERNMENT GRANTS (EXCLUDING MILITARY)
AND CAPITAL OUTFLOWS
Outflows under assistance programs:
1.
2.
3.
4.
5.
Under farm products disposal programs
Under Foreign Assistance Act and related programs
Under Export-Import Bank Act
Subscriptions to IDA and IDE
Other assistance programs
Foreign currency claims acquired in the collection of—
6.
Principal
7.
Interest
8. Less: Foreign currencies used for U.S. Government uses other than grants or
loans
9. Advances under Exchange Stabilization Fund agreements, net
10. Other, net (including changes in administrative cash holdings) _
11.
Total, Government grants and capital outflows (table 3, lines 28+39+
42)
_
1,277
1,668
405
154
21
1,346
1,794
822
172
27
1,500
1,950
621
122
111
1,669
2, 164
509
62
99
1,761
2,011
338
112
140
398
455
88
34
59
50
74
62
115
93
147
195
-5
-13
245
23
-9
231
19
24
3,405
4,054
312
27
475
515
66
62
42
18
46
22
38
24
48
24
44
97
-3
-8
62
-8
-5
79
-7
24
85
-3
-19
1,005
1,170
911
402
513
78
31
486
528
106
50
40
87
170
23
38
228
26
10
327
-30
-2
89
-12
-13
4,293
4,551
4,260
919
1,166
500
94
44
Adjusted for Seasonal Variations
12.
Total, Government grants and capital outflows
3,405
4,054
4,293
4,551
4,260
966
1,083
1,085
1,126
959
13. Less: Estimated transactions involving no direct dollar outflows from the
United States
2,294
2,915
3,240
3,717
3,558
831
897
902
928
764
14.
15.
16.
1,914
300
2,220
434
2,383
532
2,793
606
2, 812
585
671
144
683
155
742
143
716
143
615
143
25
14
33
37
111
13
72
93
21
170
33
-7
119
-3
27
7
17
-11
24
51
"•*
41
80
147
94
49
-8
35
4
18
-18
1,111
1,139
1,053
834
702
135
186
183
198
195
26
85
613
429
478
156
-53
177
198
35
-16
5
470
334
222
163
-62
—28
149
55
41
58
80
58
25
147
36
100
94
13
-11
49
37
-21
-21
-1
10
-22
25
23
1
43
49
15
25
30
-5
13
-2
-3
4
7
36
2
-15
-6
-5
-5
-14
-2
6
-2
1
1
1
17
18.
19.
Expenditures on merchandise in the United States
Expenditures on services in the United States
Military sales financed by credits (including short-term, net) 1 (line C-4,
below)
Government credits to repay prior Government loans 1
Government loans to repay private credits
Increase in Government liabilities associated with Government grants
and capital (including changes in retained accounts) (line B-3 below)
20. Equals: Estimated dollar payments to foreign countries and international institutions through Government grants and capital operations
(*)
TABLE 4B.— CHANGES IN GOVERNMENT LIABILITIES
1. Increase in2 Government liabilities associated with specific transactions (table 3,
line 47)
2.
3.
4.
5.
6,
7.
8.
9.
10.
11,
Associated with military exports (advance collections less deliveries) »
(line C-6, below) —
_ _
Associated with Government grants and capital outflows (line A-19,
above)
Noninterest-bearing securities issued to ID A
Noninterest-bearing securities issued to IDE
Noninterest-bearing securities issued to UN for special programs
Foreign funds retained in Government accounts, to be used for purchases in the United States
Other
Miscellaneous Government nonliquid liabilities
Associated with other Government sales and miscellaneous Government operations
_ _ _ _ _ _
Associated with purchase of Columbia River downstream power
benefits
-17
1
(«)
-4
1
207
4
-1
1
CO
-4
1
3
4
-1
13.
14.
15.
251
Export-Import Bank Portfolio Fund Certificates of Participation
Treasury securities:
Payable in dollars
Payable in foreign currencies
204
(")
(•)
1
(«)
1
204
204
12. Net sales [net redemptions (— )] of nonmarketable , medium-term, nonconvertible securities (table 3, line 48)
'•(•)
-55
-43
-36
18
-3
251
13
-74
-13
-20
-5
-50
-1
-2
-6
(•)
29
-2
-8
-2
30
<•)
TABLE 4C.— MILITARY CASH RECEIPTS 3
1.
Total, military cash receipts4-2. Exports 2of military goods and services (excluding military grants) (table 3,
line 9)
'
_
320
399
1,139
980
993
362
122
151
358
234
335
402
656
659
762
194
191
168
209
179
3. Less: Increase in indebtedness to Government for military credits
4.
Military sales financed by credits (including short-term, net) (line A-16,
above)
_ _„
5
Less* Principal collections on Defense Department credits
-1
8
-13
13
-9
-5
7
-11
00
(•)
25
26
33
25
13
26
21
8
-7
2
-3
2
7
-11
(•)
(•)
-16
5
470
334
222
163
-62
-28
6. Increase in liabilities associated with military exports (line B-2, above)
*—Less than $500 000. *>—Preliminary.
1. Includes estimated net accumulation of foreign currency from principal repayments
recorded hi line A-6.
2. This item appears adjusted for seasonal variation, in table 1.
3. The entries for the 7 quarters in fiscal years 1964 and 1965 for military transactions are
estimates based upon incomplete reports.
(*)
4. This item appears in table 2 (line B-2).
NOTE.—Data for 1960-64 are revised.
Source: U.S. Department of Commerce, Office of Business Economics.
149
55
June 1965
ports to that country, after adjustment
for seasonal factors, showed a gain in
the first quarter of about 4 percent over
the fourth quarter level, thus continuing the almost steady advance during
the quarters of 1963 and 1964.
SUEVEY OF CURRENT BUSINESS
Petroleum imports rose to a new
high in January-March. Imports of
other industrial supplies were relatively
well sustained at about the levels of the
two preceding quarters.
Imports of machinery and other
23
capital equipment, and also of consumer
goods exclusive of passenger cars, advanced above their 1964 quarterly
levels.
Foodstuff imports dropped by over
20 percent. In addition to the strike
Imports
As noted above, the strike-induced
decline in merchandise imports was
much milder than that in exports. In
the first quarter, imports amounted to
$4.7 billion, lower than the fourth
quarter rate by about $0.2 billion. If
it had not been for the strike, it appears
that the almost steady uptrend in
imports evidenced over the past 15
quarters, related to the rise in our
industrial production, would have extended into January-March 1965. It
is estimated that the fourth quarter
import data may have included some
anticipatory shipments and that the
first quarter figure may have reflected
a shortfall of about $0.2 billion because
of the interruption in shipping. The
backlog in imports at the end of the
first quarter may have amounted to
$0.1 billion.
Little affected by the strike, seasonally adjusted imports from Canada rose
by about 5 percent above the fourth
quarter level. Imports from Japan,
much of which arrived at west coast
ports, increased by 6 percent. Imports
from the Latin American Republics
dropped markedly, reflecting, in addition to the strike, effects of extra-heavy
coffee shipments in the fourth quarter,
and a low sugar quota in the first.
A wide range of imported commodities rose in the first quarter despite
shipping difficulties. Imports of steel
products reached a new high, continuing the upswing of the fourth
quarter, which in turn had been preceded by five quarters of relatively
stable deliveries. Steel users increased
their inventories in the face of a possible domestic steel strike on May 1
and consumption also rose considerably. Over half of the steel imports
in the first quarter arrived from Canada
and Japan, but deliveries from Western
Europe were also close to fourth quarter levels owing to a heavy March
influx.
Table 5.—Movements of U.S. Capital Reported by Banks and Nonfinancial Concerns
[MiUions of dollars]
Amount
outstanding,
endof
March
1965
Total "other" long-term capital outflow (table 3, line 36, p 16)
Seasonally adjusted (table 1, line
1-20),
Total reported by U.S. banks
Seasonally adjusted (table 1, line
I-20a)
5,709
24,493
Total reported
by nonfinancial concerns4
Seasonally adjusted (table 1, line
I-20b)
51,216
Total short-term capital outflow (table
3 line 37)
Seasonally adjusted (table 1, line
1-21)
10, 434
Total reported by U.S. banks6
Seasonally adjusted (table 1, line
1-21 a)
Major financial centers, total
United Kingdom
EEC and Switzerland
Canada—
By type:
Commercial and financial
claims payable in dollars. _
Loans__
Acceptance credit
Collections outstanding
Other dollar claims
Foreign currency deposits and
claims
7,810
Changes * (decreases (— ))
1964
Calendar year
1960
200
155
45
1,348
995
1961
263
2136
127
1,556
1,125
1962'
258
127
1963 '
591
3754
131 3 -163
544
324
785
781
1964 r
1,298
942
356
2,111
1,523
I
II
1965
IP
IV
III
275
129
504
390
453
298
'151.
528
321
475
249
71
240
382
466
272
93
264
313
488
26
58
5264
8
-13
26
68
264
8
-13
625
597
202
687
-249
589
548
406
568
-288
405
531
-84
671
-28
383
523
162
455
-50
1,687
199
607
881
305
124
32
149
184
-65
116
133
31
41
20
-30
100
15
-27
112
278
82
109
87
59
-39
23
75
346
148
56
142
-285
-56
-49
-180
158
29
79
50
-77
-110
65
-32
1, 254
603
91
140
420
80
57
n.a.
-6
n.a.
115
46
n.a.
3
n.a.
83
-3
n.a.
7
n.a.
71
-65
n.a.
27
n.a.
242
95
18
36
93
18
36
6
23
-47
219
50
3
—1
167
-153
-27
-7
2
-121
158
36
16
12
94
-26
93
-14
-16
-89
433
225
69
-52
29
36
41
127
-132
6,123
2,848
2,091
1, 184
690
482
180
28
941
670
135
136
293
212
70
11
681
431
98
152
1,245
482
469
294
346
228
54
64
185
70
77
38
201
24
124
53
513
160
214
139
49
61
-38
26
By type:
Commercial and financial
claims payable in dollars
Foreign currency deposits and
claims
5,973
648
926
289
662
1,224
344
164
196
520
36
150
42
15
4
19
21
2
21
5
-7
13
Total reported by nonfinancial
concerns.
Seasonally adjusted (table 1. line
I-21b)
2,624
353
431
220
4
588
Other countries, total
Japan
Latin American Republics
Other
Claims of commercial enterprises 4 _
Major financial centers, total
United Kingdom
EEC and Switzerland
Canada
2,533
1,479
294
341
844
Claims payable in dollars
_
Foreign currency deposits and
claims
n.a.
n.a.
1,054
n.a.
Other countries, total
Claims payable in dollars
Foreign currency deposits and
claims
Claims of brokerage concerns
'(•)
-51
220
66
286
16
-221
206
25
244
113
-238
60
13
26
-21
8
286
215
124
-12
103
3<»
-24
-106
65
17
-221
-217
6
-24
-199
394
361
-77
75
363
257
171
17
59
95
-19
-107
-7
8
-108
605
393
51
35
307
220
189
7
3
179
168
385
103
-67
376
119
61
150
46
n.a.
137
-24
68
-40
17
70
-48
65
-70
n.a.
52
51
33
3
86
73
88
90
212
165
31
-10
47
45
71
62
63
68
-4
n.a
n.a.
1
30
13
-2
47
41
2
9
—5
n.a.
91
-4
37
-37
23
-17
357
305
219
21
65
6
-23
z
r—Revised.
*>—Preliminary.
n.a.—Not available.
—Less than $500,000.
1. Changes adjusted for variations in coverage and therefore do not necessarily correspond to changes computed from
reported amounts outstanding.
2. Excludes $200 million netted against a related inflow of U.S. direct investment capital.
3. The figures for 1963 reflect a transfer of about $150 million in outstanding credits from a nonfinancial concern to U.S.
banks.
4. 1st quarter 1965 estimated on the basis of partial preliminary reports; amount outstanding at the end of March 1965
estimated on the basis of figures for the end of December 1964 plus the preliminary data on movements during the 1st quarter
of 1965.
5. Includes $254 million loaned to Canada in connection with Columbia River power development.
6. Excludes Exchange Stabilization Fund holdings.
24
SURVEY OF CUEEENT BUSINESS
impact, the decline reflected reduced
imports of coffee and sugar.
in Germany, and to a lesser extent in
the Netherlands, Belgium, and Italy,
are expected to continue, but perhaps
not quite as strongly as last year.
However, export prices of European
manufactured goods have not advanced
as rapidly as overall internal prices, and
those of Japanese manufactures have
fallen in the past few years.
Export Outlook in 1965
Agricultural exports are expected to
decline from the record $6.3 billion
level of 1964 for reasons already mentioned. The trend in nonagricultural
exports will be subject to several
special influences during the year, some
favorable and some adverse.
There has been some slowdown in
new export orders for machinery since
mid-1964. The backlog of unfilled
orders, however, has continued to
expand through the first quarter 1965.
Further lengthening of delivery schedules for capital equipment shipped
abroad may have some adverse effect
on U.S. competitive advantage.
Continued stability of U.S. export
prices is also necessary to maintain our
present competitive position. Pressures of demand and costs resulting in
increasing prices in Europe, particularly
Unit Value Indexes of Manufactured Goods Exports
1958=100
1961
1962
107
97
92
103
108
97
89
105
95
106
Germany
France
„ ., ^
Italy
United Kingdom
Japan
__„„„
United States
98
106
1963 19641
107
98
94
107
94
106
108
101
97
109
93
106
i Based on data for 3 quarters for some countries.
Source: United Nations.
Exports will also, of course, be greatly
influenced by the changing rates of
economic growth in the rest of the world.
Recent forecasts indicate a slower rate
of growth in economic activity in 1965
than in 1964 for the foreign industrial
areas. Gross national product in West-
Table 6.—Changes in Short-Term Official and Banking Liabilities and in Foreign Holdings
of Marketable U.S. Government Bonds and Notes
[Millions of dollars]
Amount
outstanding end
of Mar.
1960 r
1965
Changes during period
Calendar year
1964
1961 r
1962 r
1963 >•
1964
I
II
1965
I*
IV
III
I. Total (decrease-) line 50, p. 16) *.
27,101
1,738
1,764
670
1,589
2,252
-173
207
748
1,470
-742
n. By foreign holders:
1. Foreign central banks and governments, total
a. As reported by U.S. banks
b. Other
2. International Monetary Fund L
13,438
12,297
1,141
800
1,149
1,059
90
300
681
727
-46
457
1,058
-601
970
504
466
698
757
-59
-400
-453
53
93
88
5
186
249
-63
819
873
-54
-912
-928
16
7,321
104
595
-129
462
1,440
278
82
580
500
168
1,654
337
407
211
-236
-245
-86
-25
-140
6
-66
3,888
-152
81
131
393
359
35
57
122
145
68
13,413
1,206
1,257
-63
1,131
1,730
307
7
582
834
-24
8,051
144
-129
1,819
-641
109
-582
-167
339
519
-748
2,314
127
513
-728
671
-338
-2
-76
-195
-65
-90
190
46
-60
2
-462
-18
-30
3,259
35
146
111
438
767
126
432
14
195
146
64
36
-9
-9
8
14
-22
11
8
17
-26
3. Foreign commercial banks 2
4. Other international and regional institutions
5. Other foreigners and undetermined
_
in. By type of liabilities:
1. Deposits in U.S. banks
2. U.S. Government obligations:
a. Bills and certificates payable
in dollars
b. Bonds and notes (marketable)
_ .
c. Nonmarketable certificates
payable in foreign currencies
d. Other
3. Bankers acceptances, commercial paper, time deposit certificates, and other liabilities..
4. Other banking liabilities payable in foreign currencies
-30
r—Revised.
»—Preliminary.
1. Excludes dollarholdings of the IMF except for those acquired by the IMF through gold sales to the United States
with the option to reverse the transactions. These transactions amounted to $200 million in 1956, $300 million in 1959, and
$300 million in 1960. Other dollar assets of the IMF at the end of March 1965 ^ere $3,424 million.
2. Includes banking liabilities to foreign official institutions held through foreign branches of U.S. banks and foreign
commercial banks.
June 1965
ern Europe, after an advance of 5.5 per
cent (in volume terms) from 1963 to
1964, is forecast by the O.E.C.D. to
rise by about 4 percent from 1964 to
1965. Canadians estimate that the
rate of increase in their GNP rate will
move down from 6.5 percent in 1964 to
around 5 percent in 1965. In Japan
the forecast is for GNP to rise by 7.5
percent from 1964 to 1965, compared
with the 9.5-percent gain between 1963
and 1964.
U.S. exports generally follow the
movement of industrial production
abroad more closely than movements in
total GNP. Some slowing of growth
rates in industrial production abroad
also appears likely this year.
Import demand of the less-developed
countries may continue to increase in
1965 although some liquidation of
foreign exchange holdings may be
required to maintain high import levels.
Their export earnings may be dampened
by weakening prices for agricultural
products and a slowing in the rate of
expansion in the external demand of
industrial countries. Export earnings
of the less-developed countries rose by
8 percent in both 1963 and 1964, while
their imports rose much more strongly
in 1964 than they had in 1963.
Export prices of commodities produced by the less-developed countries,
after rising substantially during 1963,
began to weaken after the first quarter
of 1964, although on the average they
remained comparatively high in the
following quarters. Coffee, cocoa, and
sugar prices have been declining and
prices of wool are also moving downward. Rubber prices have become
firmer this year, on the other hand, and
prices of fats and oils and of metals
continue to advance.
Declines in U.S. capital outflows were
in the past associated with declines in
exports, indicating direct as well as
indirect relationships, and some adverse
effect on exports may be expected from
the anticipated decline in capital outflows during the rest of this year.
However, many American companies
with international investments have indicated that they intend to intensify
efforts to expand exports as part of
their contribution to the improvement
of the balance of payments.
by ETIENNE H. MILLER
Foreign Travel Payments Hit NewHip in 1964
u.
• residents traveling abroad last over 1963. (Although fares paid by
year spent $2.8 billion—a record sum— U.S. residents to U.S. carriers do not
for expenditures in foreign countries enter the balance of payments accounts,
and for transportation on foreign- they are a part of the total foreign
owned transocean steamships and air- travel bill of U.S. residents; see table
lines. This was 5 percent more than 1 and chart 7.) Receipts of foreignwas spent in 1963, a lower rate of in- flag transocean carriers, at $635 milcrease than the average in recent years. lion, were only 3 percent above those
The slowdown in the rate of increase in the previous year, since a substantial
reflected in part special lower air fares decline in travel on foreign vessels offacross the Atlantic and elsewhere and set much of the increase in air travel.
shorter stays abroad associated with
Within foreign countries, expendithe reduced fares.
tures for food, lodging, transportation,
The total transocean transportation and other purchases and expenses
bill of U.S. travelers in 1964 was $1,165 amounted to about $2.2 billion in 1964,
million, of which U.S.-flag transocean 6 percent more than in 1963. Outlays
sea and air carriers received a record in Europe and the Mediterranean area
$530 million, an increase of 8 percent were $815 million, 8 percent higher
than in 1963. In Canada, Americans
CHART 7
spent $550 million, a rise of 5 percent,
while Mexico received $480 million, 7
Expenditures of U.S. Residents
percent
more than a year ago. Once
For Foreign Travel
again, most other areas had relatively
Billion $
small increases; certain Pacific areas
recorded slight declines.
3.5 Last year, 2,220,000 U.S. residents
traveled overseas. This was an increase
of UK percent, only a little below the
12K-percent increase in 1963. The
number of air travelers increased by
almost one-sixth to 1,943,000, but the
number of sea travelers was at its
lowest level since 1959.
Cruise travel failed to continue the
upsurge of past years. The number
of cruise passengers fell to 295,000, some
30,000 fewer than in 1963 but still above
1.0 the total for 1962. However, U.S.-flag
cruises attracted 14 percent more passengers, in contrast with foreign-flag
cruises, which carried 11 percent fewer
travelers than in 1963. The share of
U.S. ships in the cruise market rose
1953
55
57
59
61
63
65
from 10 percent in 1963 to 12 percent
U.S. Department of Commerce, Office of Business Economics
last year.
65-6-7
Foreign travel outlays up sharply here
Foreign visitors spent a record $1.1
billion for travel in the United States, a
rise of 17 percent over 1963. Travelers
from overseas spent $400 million in the
United States, 20 percent more than in
th£ previous year, and paid U.S. sea
and air carriers a record $150 million
for transportation to and from the
United States. The growth of 27 percent in passenger fare receipts from
foreign visitors appears to mirror not
only the substantial increase in the
number of arrivals but also the lower
air excursion fares and other factors
that improved the competitive position
of U.S. air carriers. U.S. ocean carriers
received about the same amount as in
xpenditui for Foreign Travel,
Table 1.—Expenditures
by
yy U.S. Residents
[Millions of dollars]
Paym ents to 1foreign
countries
Total
Fares
paid to
ExU.S.
pendi- Fares
carriers
to
Total tures in
foreign foreign
coun- carriers
tries
1929..
688
647
483
164
41
1937
470
443
348
95
27
1947
716
628
573
55
88
1,612
1,814
1,955
2,140
1,354
1,513
1,633
1,780
1,153
1,275
1,372
1,460
201
238
261
320
258
301
322
360
1959
I960
1961
1962
1963
2,380
2,597
2,600
2,875
3,195
1,990
2,237
2,242
2, 460
2,705
1,610
1,732
1,735
1,885
2,090
380
*505
*507
*575
*615
390
*360
*358
1964
3,381
2,851
2,216
*635
*530
1955 .
1956
1957
1958
.__ __
*415
*490
*—New series.
NOTE.—Excludes travel by military personnel and other
Government employees stationed abroad and by their
dependents and U.S. citizens residing abroad; includes
shore expenditures of cruise travelers; passenger fares exclude
fares paid by emigrant aliens.
Source: U.S. Department of Commerce, Office of Business
Economics.
25
SURVEY OF CUKKENT BUSINESS
26
1963 from oversea visitors to this
country.
Canadian visitors spent about $450
million for travel here last year, a rise
of 20 percent; this brought our receipts
from Canada to about the 1961 level
after 3 consecutive years of decline.
Mexican travel outlays here reached
$250 million compared with the previous year's $232 million.
Prospects for 1965
Total expenditures by Americans for
travel abroad in 1965 are expected to
continue their rapid postwar rise. Since
1957, oversea travel outlays, including
all transocean fares, have increased at
nearly twice the rate of disposable
Table 2.—Expenditures for Foreign Travel
by U.S. Residents, 1960-64
[Millions of dollars]
1960 r 1961 r 1962 ' 1963 «• 1964'
Total
Transportation
Foreign-flag carriers. __
U. S .-flag carriers
Expenditures abroad
2,597 2,600 2,875 3,195
3,381
1,165
865
865
990 1,105
505
360
507
358
575
415
615
490
635
530
1,732 1,735 1,885 2,090
2,216
Canada
Persons staying
less than 24 hours.
Mexico
Persons visiting
Mexican border
only
380
425
479
522
550
48
365
47
370
55
395
n.a.
448
n.a.
480
245
254
280
322
340
Oversea Areas
987
940 1,011 1,120
1,186
692
618
652
755
815
United Kingdom
114
Ireland
11
116
France..
32
Benelux
—
82
Germany.
22
Austria
53
Switzerland—
120
Italy
25
Spain
18
Israel..
—
Greece
• 15
Denmark
23
11
Norway
14
Sweden
105
12
103
26
62
24
46
110
24
19
16
19
12
13
113
15
113
26
64
21
44
118
28
22
17
18
11
11
119
16
124
32
75
24
55
138
38
25
26
21
13
13
132
20
127
33
79
29
56
148
47
25
26
23
15
14
166
28
42
28
160
31
45
30
178
30
48
38
180
32
48
40
190
33
55
45
18
18
18
19
20
Europe and
Mediterranean-
West Indies and
Central America
Bermuda
Bahamas
Jamaica
Other British
West Indies.
Netherlands
West Indies.
South America
10
11
10
10
12
45
48
55
56
57
Other Oversea
84
Areas
Japan
36
Hong Kong. __
18
AustraliaNew Zealand
n.a.
Other
30
r
114
46
24
126
50
23
129
52
24
124
54
25
11
33
12
41
13
40
14
31
—revised.
n.a.—Not available.
NOTE.—For coverage, see table 1.
Source: U.S. Department of Commerce, Office of Business
Economics.
personal income and are among the
fastest growing classes of consumer
expenditures in the American economy
(see chart 8). An important factor
contributing to this rapid rise has been
the steady decline in transocean air
travel costs during a period when average family income has been rising.
Early indicators for 1965 point to a
rise in travel payments more marked
than last year, although average outlays
are once more expected to decline
slightly. Preliminary estimates of U.S.
spending for trips abroad during the
first 3 months of 1965 were up 10 percent over the corresponding 1964 period.
Travel receipts were also higher.
Geographic Distribution of
U.S. Travel Outlays
U.S. travelers spent a total of $815
million in Europe and the Mediterranean area last year, an 8-percent increase over the $755 million total in
1963.1 The total number of Americans visiting Europe and the Mediterranean rose 13 percent, from 1,100,000
in 1963 to 1,250,000. Both increases
were below those in 1963, when spending rose 16 percent and the number of
travelers 18 percent. Average expenditures continued to decline, but the
increase in travel volume was large
enough to raise total expenditures.
June 1965
Table 3.—U.S. Travelers to Oversea Countries by Means of Transportation
[Thousands of travelers]
1960
TotaL.
Sea
Air
1. Data for Europe and the Mediterranean area have been
revised for the period 1960-63 (see tables 2 and 4 for details).
Changes were made in methodology in order to adjust for
those portions of payments for package tours that do not
reach foreign accounts but remain in the United States.
Also, data separating travelers into U.S.-born and foreignborn were adjusted in order to offset a slightly higher response
rate by foreign-born residents in OBE's continuing survey.
Chart 9 shows the effect of the revisions on individual expenditure averages. Revised data for 1963 include only the
second adjustment, the first having been incorporated in the
earlier estimates.
1962
1963
1,634 1,575
1,767
1,990
1964
2,220
317 268 280 318
277
1,317 1 307 1 487 1 672 1 943
Europe and
nean
Mediterra-
Sea
Air
West Indies and Central
America
Sea
Air
South America
Sea
AnOther
__
Sea
Air
832
826
931 1 102 1 250
230
602
206
620
221
710
254
848
223
1 027
641
550
609
634
701
67
574
37
513
33
576
41
590
35
666
71
9
62
83
85
97
10
73
8
77
5
92
107
5
102
90
116
142
160
162
11
79
15
101
18
124
18
142
14
148
NOTE.—For coverage, see table 1: also excludes cruise
travelers, who numbered about 160,000 in 1960, 212,000 in
1961, 266,000 in 1962, and 322,000 in 1963, and 295,000 in 1964.
Source: U.S. Department of Commerce, Office of Business
Economics, based on data of U.S. Department of Justice,
Immigration and Naturalization Service.
more, because the lower fares were
offered only for trips of 2 to 3 weeks,
they reduced the average length of stay;
this led to concomitant reductions in
total outlays.
Fares averaged $520 per U.S. traveler,
about 5 percent below the 1963 figure
CHART 8
U.S. Oversea Travel Expenditures and
Disposable Personal Income
Travel expenditures have grown nearly
twice as fast as income since 1957
Average trip to Europe cost less in
1964
The downtrend in the total cost of
an average trip to Europe continued in
1964. U.S. residents spent $1,170 per
capita for a European trip, about $30
less than in the previous year. Lower
transatlantic air fares contributed in
several ways to the decline. The new
rates not only lowered average air fares
but apparently also attracted some
travelers from relatively high cost sea
travel to lower cost air travel. Further-
1961
Index, 1957 = 100 (ratio scale]
200
'
150
100
80
60
50
v
.x. ;^:^i>V''*\§;te
1953
55
57
59
•Ulnclude all transocean fares
U.S. Department of Commerce, Office of Business Economics
61
63
65
SURVEY OF CURRENT BUSINESS
June 19651
of $550. Air fares declined 1% percent traveler. This was about 4 percent
from an average of $530 to $490, while under the figure for 1963 and reflected
sea fares rose 5 percent to $660. Of a drop in average length of stay from
the total cost of an average European 45 days to 41 days. Per capita daily
trip, transportation across the ocean expenditures, however, rose moderately,
accounted for 44 percent, compared from just over $15 to almost $16.
The characteristic disparity between
with 46 percent in 1963.
Expenditures for travel in Europe expenditures of air travelers to Europe
amounted to $650 for the average U.S. and those of sea travelers became
Table 4.—Numbers and Expenditures of U.S.-Born and Foreign-Born U.S. Residents
Traveling in Europe and the Mediterranean Area, Selected Countries, as Available,
1963-64
Europe and Mediterranean:
1964r
1963 —
Sea:
1964
1963 >
Air:
1964
1963 r -
_
>
_
Average expenditures
(dollars)
Total expenditures
(millions of dollars)
Number of travelers
(thousands)
U.S.born
Foreignborn
Total
U.S.born
Foreignborn
Total
U.S.born
Foreignborn
963
838
287
264
1,250
1,102
681
616
134
139
815
755
704
730
463
520
649
680
163
173
39
48
204
221
985
972
632
637
888
850
518
443
95
91
613
534
648
665
420
474
597
630
163
178
60
76
223
254
800
660
227
188
1,027
848 1
Total
27
greater in 1964. Persons reaching Europe by air spent about $600 each,
compared with $630 in 1963. Per
capita expenditures of sea travelers, on
the other hand, were $890, almost $40
higher than in the previous year.
Last year, 1% million Americans
visited Europe and the Mediterranean,
150,000 above the 1963 total. The
number of air travelers increased by
more than one-fifth and exceeded 1
million for the first time. However,
the number of sea travelers declined
from 257,000 to 223,000 and, as a proportion of all U.S. residents visiting
Europe and the Mediterranean area,
decreased from 23 percent to 18 percent.
More than 200,000 visits to Europe
Table 5.—Percent Change in Number, Total
Expenditures, and Average Expenditures,
of U.S. Residents Traveling in Europe and
the Mediterranean Area, 1963-64
'
United Kingdom:
1964
1963 '
Ireland:
1964
1963 r
^.
.__
__
France:
1964r
1963
Belgium-Luxembourg:
1964
1963 «_
532
._ 471
88
83
620
554
113
99
19
20
132
119
213
211
213
236
213
215
88
62
26
18
114
80
14
11
6
5
20
16
159
175
230
280
175
200
563
518
71
79
634
597
115
110
12
14
127
124
205
212
175
177
200
208
Number Total Average
of
expend- expendtravelers itures
itures
Europe and Mediterranean.. __
Sea
._
Air
13
—12
8
-8
15
-5
4
-5
United Kingdom
Ireland.
France
_„'
Belgium-Luxembourg
12
43
6
11
25
2
10
-1
—13
—4
-9
Netherlands
Germany.
Austria.-,
Switzerland
14
20
5
17
0
5
21
2
-15
-8
3
-3
9
26
7
17
7
24
10
8
-2
-1
3
-14
26
14
11
15
0
0
-9
-12
-13
21
21
160
128
21
21
181
149
9
8
2
2
11
10
55
60
75
81
61
67
245
203
30
32
275
235
19
18
3
4
22
22
77
89
103
117
80
94
381
333
92
81
473
414
60
54
19
21
79
75
160
163
207
255
167
181
Austria:
1964
1963 f
219
178
37
35
256
213
25
19
4
5
29
24
116
109
115
155
116
113
Switzerland:
1964r
1963
349
330
53
53
402
383
47
47
9
8
56
55
135
142
165
151
139
144
470
424
78
79
548
503
124
113
24
25
148
138
264
265
296
311
268
274
Spain:
1964
1963 ••
195
153
20
18
215
171
43
34
4
4
47
38
220
217
201
243
219
222
Denmark:
1964
1963 r -
166
157
23
20
189
177
19
18
4
3
23
21
115
117
164
161
122
119
Busi- Family
All Pleas- Busi- ness affairs
and
and
ness
purure
pleas- other
poses
91
78
13
11
104
89
11
10
3
3
14
13
125
134
205
256
125
146
(Thousands of travelers)
68
n.a.
20
n.a.
88
70
10
n.a.
5
n.a.
15
13
145
n.a.
270
n.a.
170
186
92
80
17
16
109
96
19
18
7
8
26
26
211
231
• 396
421
238
271
61
52
23
24
84
76
18
16
7
9
25
25
278
306
303
353
286
328
Netherlands:
1964 T
1963
_
Germany:
1964
1963 '
—
. .„
Italy:
1964 . .
.
1963 '
Sweden:
1964r
1963
-_
Norway:
1964r .^
1963 Greece:
1964 .
1963r
Israel:
1964
1963 '
_ .
_
'—Revised.
n.a.—Not available.
NOTE.—For coverage see table 1: includes the expenditures but not the number of cruise travelers. Average expenditures
of foreign-born U.S. residents are higher than those of U.S.-born travelers in some countries, though they are lower for the area
as a whole, because foreign-born travelers visit fewer countries, and stay longer than the U.S.-born travelers, who visit more
countries on each trip.
Source: U.S. Department of Commerce, Office of Business Economics, based on data of U.S. Department of Justice,
Immigration and Naturalization Service.
Italy
Spain
Denmark
Sweden
_
__
Norway
Greece .
Israel
Source: U.S. Department of Commerce, Office of Business
Economics.
Table 6.—U.S. Residents Traveling in Europe and the Mediterranean Area, by
Purpose of Trip and Means of Transportation, 1964
ure
All travelers
1,250
800
115
95
240
Sea
Air..
223
1,027
160
640
6
109
12
83
45
195
-.
(Percent distribution)
1964:
I
II
III
IV
100. 0
100.0
100.0
-_ 100.0
43.5
64.8
70.6
59.8
26.9
9.8
2.0
14.2
7.0
8.4
5.7
10.5
22.6
17.0
21.7
15.5
NOTE.—For coverage, see table 1; also excludes cruise
travelers.
Source: U.S. Department of Commerce, Office of Business
Economics.
SURVEY OF CURRENT BUSINESS
28
involved business purposes, about
115,000 were for business only, and an
additional 95,000 combined a business
trip with pleasure travel. Another
800,000 U.S. residents traveled solely
for pleasure while 240,000 traveled
for other reasons, mainly personal.
Transatlantic air transportation was
used by 95 percent of those traveling
for purely business reasons and by over
90 percent of those traveling either
solely or partly for business purposes.
Air travel was the choice of 80 percent
of pleasure travelers.
Table 7.—U.S. Receipts from Foreign Visitors for Travel in the United States and
Payments to U.S. Transocean Carriers,
1960-64
[Millions of dollars]
I960' 1961 r 1962 r 1963 r
Total U.S. receipts from
foreign visitors
1964r
981
995
991 1,052
Fares to U.S. carriers *__
106
110
113
118
150
Spent by visitors in the
United States
Canada
Mexico
875
469
182
885
449
200
878
392
217
934
372
232
1,095
448
250
224
236
269
330
397
90
29
93
30
105
37
113
40
160
55
West Indies, Central
and South America.
86
90
110
147
157
Other oversea countries
. ...
Japan ^^ ^
48
12
53
13
54
12
70
20
80
25
Total oversea countries
Europe and Mediterranean
United Kingdom
.
1,245
*—Kevised data.
includes fares paid as part of a visit to and from the
United States only.
NOTE.—Includes expenditures of travelers for business and
pleasure, foreigneis in transit through the United States,
and students; excludes expenditures by foreign government
personnel and foreign businessmen employed in the United
States.
Source: U.S. Department of Commerce, Office of Business
Economics.
Table 8.—Foreign Visitors to the United
States From Oversea Countries, 1963-64
[Thousands of travelers]
Total Busi- Pleas- Tran- Stuness ure
sit dent
Oversea countries total:
1964—
1,098
1963
847
Europe and Mediterranean:
1964
527
1963
398
West Indies, Central
and South America:
1964
414
1963
332
Other oversea areas:
1964
157
1963
117
150
122
807
613
110
84
31
28
93
75
376
278
54
40
4
5
21
20
346
273
35
28
12
11
36
27
85
62
21
16
15
12
NOTE.—Excludes visitors from Canada and Mexicoexcludes foreign government personnel and foreign businessmen employed in the United States.
Source: U.S. Department of Justice, Immigration and
Naturalization Service.
June 1965
roughly three-fourths of all U.S.
travelers to the Pacific region visited
Japan,
where they spent $54 million,
All European and Mediterranean counsomewhat
more than in 1963. Elsetries benefited from the greater number
where,
growth
of U.S. travel was small,
of U.S. residents visiting the area. In
and
in
some
areas
travel fell off sharply.
most countries, total expenditures were
higher than in 1963, and the few exceptions showed no significant change.
Gains substantially above average ocForeign Travel Spending
curred in Ireland, Austria, and Spain,
Continues To Rise Here
while increases in spending in France
Total U.S. receipts from all foreign
and Switzerland were below average.
visitors
in 1964 rose 18 percent to $1.25
Little or no increase was recorded for
billion.
This total includes $150 milthe Netherlands, Greece, and Israel,
lion
in
fares
paid by visitors from overwhere declines in average expendiseas
to
U.S.
sea and air carriers for
tures offset sizable increases in the numtransportation
to and from the United
ber of visitors. Average outlays were
States.
Of
expenditures
made within
generally lower in the entire area.
Two countries, Austria and Denmark, this country by foreign visitors, $700
enjoyed small increases, and the United million, or almost two-thirds of the
Kingdom, Spain, and Italy experienced total, were accounted for by travelers
from Canada and Mexico.
only slight decreases.
Receipts from Canadian visitors last
year reversed the downward trend that
Travel in other areas
has been in progress since the devaluaWith U.S. travel spending in Canada tion of the Canadian dollar. Canadians
rising 5 percent over 1963 to $550 mil- spent about $450 million here, about as
lion, Canada maintained her position much as the 1961 total but still below
as the leading recipient of U.S. travel the 1960 record of about $470 million.
Mexican visitors spent $250 million
dollars. Expenditures in Mexico rose
7 percent over 1963 to $480 million.
A 10-percent increase raised the numCHART 9
ber of U.S. residents traveling to the
West Indies and Caribbean region to
Average Expenditures of U.S. Travelers
700,000. Together with cruise pasIn the European and Mediterranean Area
sengers, who are not included in the
number of visitors, they spent $190 Dollars
million there last year. Much of the 1,100
f Sea Travel
increase was concentrated in Jamaica
and the Bahamas. Expenditures were
a little lower in some parts of the 1,000
region.
The strong upward trend in travel to
900
other oversea areas came to a halt in
1964.
Approximately the same num800
ber of U.S. residents visited these
regions—principally the Pacific area—
as in 1963. Reduced per capita spend700
ing brought a slight decline in total
expenditures from $130 million in 1963
to about $125 million last year. Hong
600
Kong and Japan attracted more visitors
last year than in 1963. Hong Kong
i i i i j I i l | i i i
500
was visited by 85,000 American
59
61
63
65
57
1953
55
travelers, 10,000 more than the year
*New Series
before. With per capita expenditures
Note.—Excludes transocean transportation.
lower in 1964, total outlays rose only
slightly to $25 million. Last year, U.S. Department of Commerce, Office of Business Economics
Expenditures up in most European
countries
SURVEY OF CUREENT BUSINESS
June 1965
Europe rose more than 30 percent, as
compared with a 25-percent increase in
travel from Latin America and the
Caribbean region. Visitors from Europe tend to spend relatively little because a large proportion of them are
guests of their U.S. friends and relatives.
Oversea visitors pass 1-million mark
The number of travelers from Europe
and the Mediterranean area rose by
A 30-percent increase brought the
130,000 to 527,000. About 70 percent
number of oversea visitors to about
of them were on pleasure trips, the same
1,100,000 last year. They spent $400
proportion as in earlier years. Average
million or 20 percent more than in the
outlays for all classes of visitors from
year before. The rise in the number of
Europe were higher than in 1963, but
visitors was largest in those groups that
the relative increase in average expendcharacteristically have relatively low itures did not match the increase in the
per capita expenditures. For example, number of visitors.
pleasure travel increased about 32 perTotal travel spending by Europeans
cent, while business travel—more likely here amounted to about $160 million, a
to involve higher per capita spending— considerable rise over 1963 expenditures
increased 24 percent. Travel from of $115 million. British visitors achere, about 8 percent more than the year
before. As in 1963, travel beyond the
U.S. border area made up 28 percent of
total travel receipts from Mexico, or
about $70 million.
29
counted for $55 million last year, onethird of the area total.
Residents of South America, Central
America, and the West Indies spent
about $157 million for travel in the
United States, only moderately more
than in 1963, although the number of
arrivals here reached about 415,000, or
25 percent more than a year ago.
Except for a minor rise among travelers
in transit, the entire increase occurred
among pleasure travelers. Over 50,000
travelers were from the Dominican
Republic; their visits are often restricted to neighboring Puerto Rico and
their expenditures are relatively small.
Approximately 160,000 visitors came
from other oversea areas and spent just
over $80 million. Those from Japan
spent about $25 million here last year
compared to $20 million in 1963.
Table 2.—National Income by Industry Division (1-11)
National Income and Corporate Profits
[Billions of dollars]
1964
Table 1.—National Income by Type of Income (1-8, 1-9)
1962
[Billions of dollars]
1963
1964
I
II
1965
III
IV
I
Seasonally adjusted at annual rates
1964
1965
All industries, total
1962 1963 1964
I
II
III
IV
I
Seasonally adjusted at
annual rates
National income
Compensation of employees
Wages and salaries
Private
Military
Government civilian
455.6 478.5 510.1 498.4 507.1 514.5 520.6
534.5
323.1 340.3 361.7 352.5 358.6 364.8 370.6 378.3
297.1 312.1 331.6 323.2 328.7 334.4 339.9
241.6 252.9 267.4 260.8 265.3 269.4 274.0
10.8 10.9 11.8 11.7 11.7 11.8 11.9
44.7
483 52.4 50.7 51.7 53.2 54.0
Supplements to wages and salaries ._ 25.9
347.2
280.5
11.9
54.9
28.2
30.1
29.4
29.9
30.4
15.1
16.0
15.7
15.9
16.2
16.2
16.4
Other labor income
12.3 13.1 14.1 13.7
Employer contributions to private pension and welfare funds. 9.7 10.4
Other.
2.6
2.7
14.0
14.2
14.5
14.7
Employer contributions for social
insurance
Proprietors' income. __ .
Business and professional
13.6
30.7
31.1
Agriculture, forestry, and
fisheries
Manufacturing
Durable goods industries
Nondurable goods industries .
Wholesale and retail trade
Finance, insurance, and real
estate
Transportation
Communications and public
utilities
Services
Government and government
enterprises
Other
Rental income of persons
Coprorate profits and inventory valuation adjustment
Profits before tax
Profits tax liability
Profits after tax
Dividends
Undistributed profits
Inventory valuation adjustment
Net interest
478.5
498.4
520.6
535.5
18.9 18.9 18.6 18.5 18.6 18.6 18.7
130.8 137.4 147.3 144.2 147.4 148.5 149.0
78.5 82.9 89.0 87.0 88.8 90.0 90.2
52.3 54.4 58.3 57.1 58.6 58.5 58.9
73.8 77.4 82.1 80.2 81.5 82.8 83.8
158.0
97.3
60.6
86.2
52.2
20.8
53.0
20.8
510.1
46.3
18.8
48.7
19.5
51.2
20,3
507.1
50.3
19.7
50.8
20.1
514.5
51.3
20.6
18.0
18.6
19.3
20.5
19.8
20.1
20.9
21.2
21.0
55.6
59.5
64.1
62.2
63.7
64.5
65.8
66.8
60.3
32.4
64.5
33.4
70.0
36.2
68.0
35.6
69.1
35.8
70.8
36.4
71.9
37.1
72.8
37.9
Table 3.—Corporate Gross Product
[Billions of dollars]
49.8
50.6
52.0
51.2
51.7
52.1
52.8
52.7
36.6
37.6
39.3
38.6
39.1
39.6
39.9
40.4
1965
1964
1962
Income of unincorporated enterprises
_
36.6 37.6 39.3
Inventory valuation adjustment. __ 0
0
0
Farm
455.6
1963
1964
I
II
III
IV
I
Seasonally adjusted at annual rates
13.2
13.0
12.7
12.6
12.6
12.6
12.9
12.2
.12.2
12.3
12.4
12.4
12.4
12.4
12.5
12.5
48.4
50.8
57.4
56.4
57.9
58.1
57.0
62.9
48.2
23.2
25.0
16.5
8.5
51.3
24.6
26.7
18.0
8.7
57.6
25.8
31.8
19.8
11.9
56.6
25.4
31.2
19.4
11.8
57.9
26.0
31.9
19.8
12.1
58.0
26.0
32.0
20.0
12.0
57.7
25.9
31.9
20.2
11.7
64.3
27.7
36.6
20.5
16.1
.3
-.4
-.2
-.2
-.1
.1
-.7
-1.4
.22.1
24.4
26.8
25.9
26.5
27.1
27.6
28.2
Corporate gross product *
Indirect taxes
Capital consumption allowances _ .
..
Income originating in corporate business *
Compensation of employees
Net interest
Profits before tax, including inventory
valuation
adjustment 1
364.4
309.0
323.9
345.5
337.4
343.7
348.6
352.3
32.9
34.6
36.7
35.8
36.5
37.1
37.4
38.2
30.5
31.8
33.7
33.0
33.4
33.8
34.4
34.8
245.7
257.5
275.2
268.6
273.8
277.7
280.5
291.4
198.9
.9
208.5
.7
220.0
.8
214.7
.7
218.3
.8
221.8
.8
225.3
.8
230.8
.8
45.9
48.3
54.3
53.1
54.8
55.1
54.4
59.8
1. Excludes profits originating in the rest of the world.
SURVEY OF CURRENT BUSINESS
30
June 1965
Table 4.—National Income by Corporate and Noncorporate Form
Organizati
of Organization
(1-14)
Table 7.—Relation of Gross National Product, National Income,
and Personal Income (1-17, 1-18)
[Billions of dollars]
[Billions of dollars]
1964
1962
1963
1964
I
1965
IV
III
1 II
1964
I
1962
1963
1964
I
Income originating in corporate
business *
455.6
478.5
510.1
498.4
507.1
514.5
520.6
534.5
245.7
257.5
275.2
268.6
273.8
277.7
280.5
291.4
208.5
189.2
220.0
199.6
214.7
194.7
19.3
20.4
20.0
45.9
45.6
23.2
22.4
48.3
48.8
24.6
24.2
54.3
54.6
25.8
28.7
.3
-.4
.9
.7
Compensation of employees- 198.9
180.9
Wages and salaries
Supplements to wages and
18.0
salaries
Corporate profits and inventory valuation adjustment *•
_
Profits before tax 1
__
Profits tax liability
Profits after tax 1
Inventory valuation adjustment
Net interest.
Income originating outside corporate business
210.0
221.0
218.3 221.8
198.0 ~201. 1
225.3
204.5
230.8
209.7
20.3
20.7
20.8
21.1
53.1
53.3
25.4
27.9
54.8
54.8
26.0
28.8
55.1
55.0
26.0
29.0
54.4
55.1
25.9
29.2
59.8
61.2
27.7
33.6
-.2
-.2
-.1
.1
-.7
.8
.7
•8
.8
.8
235.0
233.3
229.8
236.8
240.0
-1.4
.8
243.1
Table 5.—Sources and Uses of Gross Saving (V-2)
[Billions of dollars]
I
1964
II
IV
I
556.2 583.9 622.6 608.8 618.6 628.4 634.6
648.8
allow-
48.7
50.8
53.4
52.5
53.1
54.4
54.9
507.5 533.1 569.1 556.3 565.5 574.8 580.2
593.9
Less: Indirect business tax and nontax liability
52.8 55.9 59.4 57.9 59.0 60.1 60.7
Business transfer payments
2.4
2.4
2.5
2.5
2.5
2.5
2.5
Statistical discrepancy _ __ _ -1.8 -2.7 -2.0 -1.6 -2.4 -1.4 -2.6
61.7
2.5
-4.2
Equals : Net national product
Plus: Subsidies less current surplus
of government enterprises
Equals: National income
Less: Corporate profits and inventory valuation adj ustment
Contributions for social insurance
Excess of wage accruals over
d isbursements..
Equals : Personal income
1.6
1.0
.9
1.0
53.7
.7
.9
1.0
.6
455.6 478.5 510.1 498.4 507.1 514.5 520.6
534.5
48.4
50.8
57.4
56.4
57.9
58.1
57.0
62.9
23.9
26.9
28.7
28.0
28.4
29.0
29.3
29.6
0
0
0
0
0
.1
-.1
0
32.3
34.3
35.7
35.9
35.5
35.5
35.9
37.1
8.0
16.5
2.4
8.6
18.0
2.4
9.2
19.8
2.5
9.1
19.4
2.5
9.3
19.8
2.5
9.2
20.0
2.5
9.3
20.2
2.5
9.4
20.5
2.5
442.4 464.1 491.4 480.9 487.9 494.5 502.2
511.6
1965
1964
1963
Gross national product
Less: Capital consumption
ances
Plus: Government transfer payments
to persons
Net interest paid by government
_ __
_ _
Dividends
Business transfer payments
1. Excludes profits originating in the rest of the world.
1962
III
Seasonally adjusted
at annual rates
Seasonally adjusted at annual
rates
National income
II
1965
III
IV
I
Seasonally adjusted at annual rates
Gross private saving
Personal saving
Undistributed corporate
profits
Corporate inventory valuation adjustment _ _ _ __
Capital consumption allowances
Excess of wage accruals over
disbursements
Government surplus on income
and product transactions
Federal
State a n d local
___
Gross investment
Gross private domestic investment
__
Net foreign investment
Statistical discrepancy
85.3
86.7
97.6
93.7
99.2
96.9
100.8
99.8
Table 8.—Government Receipts and Expenditures (III-3, III-4)
27.8
27.5
32.5
29.5
34.0
31.0
35.5
30.2
[Billions of dollars]
8.5
8.7
11.9
11.8
12.1
12.0
11.7
16.1
.3
-.4
-.2
-.2
-.1
.1
-.7
48.7
50.8
53.4
52.5
53.1
53.7
54.4
54.9
0
0
0
0
0
.1
-.1
0
-1.9
.9
-2.7
0
-5.5
-3.0
-2.3
2.4
-4.1
2.1
-1.5
2.4
-5.1
2.5
-2.4
2.4
-7.8
2.3
-5.2
2.3
-5.0
2.6
0
2.3
81.5
84.8
92.9
92.1
91.3
92.5
95.9
97.9
79.1
2.4
82.0
2.8
87.7
5.3
85.9
6.2
87.2
4.1
87.3
5.2
90.4
5.5
94.7
3.2
-1.8
-2.7
-2.0
-1.6
-2.4
-1.4
-2.6
1964
-1.4
-4.2
1962
[Billions of dollars]
1964
1962
1963
1964
I
II
1965
III
IV
I
Seasonally adjusted at annual
rates
All industries, total. _
Manufacturing
D urable goods industries
Nondurable goods industries
Transportation, communications, and
public utilities
All other industries
48.4
50.8
57.4
56.4
24.7
13.2
11.5
26.7
14.4
12.3
30.9
16.7
14.3
30.6
16.6
13.9
57.9
58.1
57.0
62.9
31.7
17.0
14.8
31.2
16.9
14.3
30.3
16.2
14.1
35.3
20.1
15.1
8.0
8.4
8.9
8.5
8.8
9.3
9.3
9.1
15.7
15.7
17.5
17.4
17.4
17.6
17.5
18.5
1964
I
II
III
IV
I
Seasonally adjusted
at annual rates
Federal Government receipts
106.4 113.6 114.1 114.8 112.3 114.0 115.2
Personal tax and nontax receipts.. 49.1 51.9 49.0 51.2 47.3 48.2 49.3
Corporate profits tax accruals. _ _ _ _ _ 21.8 23.0 24.4 23.9 24.4 24.4 24.3
Indirect business tax and nontax
accruals
15.1 15.6 16.4 15.9 16.4 16.6 16.6
Contributions for social insurance . 20.5 23.0 24.4 23.9 24.2 24.7 25.0
120.3
52.0
26.0
Federal Government expenditures
110.4 115,2 119.2 117.2 120.2 119.2 120.1
Purchases of goods and services.... 62.9 64.7 65.5 64.3 67.1 65.5 65.3
120.3
65.1
Transfer payments™.,.^ „ - , _ „ „ . 28.3
To persons
26.7
Foreign (net)
1.6
Table 6.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment, by Broad Industry Groups (VI-10)
1963
1965
17.1
25.2
29.9
28.3
1.6
31.0
29.3
1.8
31.1
29.5
1.5
30.7
29.1
1.6
30.8
29.1
1.7
31.5
29.4
2.2
32.2
30.4
1.8
Grants-in-aid to State and local
governments.
8.0
9.1
10.4
9.8
10.4
10.6
10.7
10.6
Net interest paid
7.1
7.7
8.4
8.3
8.4
8.4
8.4
8.5
Subsidies less current surplus of
government enterprises
4.2
3.8
3.9
3.7
3.6
3.9
4.2
3.8
Surplus or deficit (— ) on income
and product account-4.1 -1.5 -5.1 -2.4 -7.8 -5.2 -5.0
State and local government receipts- _ _ 59.5 64.4 69.8 67.8 69.2 70.6 71.5
Personal tax and nontax receipts.. 8.8
9.6 10.6 10.2 10.5 10.6 10.9
1.6
Corporate profits tax accruals
1.4
1.6
1.5
1.6
1.6
1.6
Indirect business tax and nontax
accruals
. . 37.8 40.2 43.1 42.1 42.6 43.4 44.1
4.3 4.3
4.2 4.1 4.2
Contributions for social insurance. 3.5
3.9
9.8 10.4 10.6 10.7
Federal grants-in-aid
8.0
9.1 10.4
State and local government expendi57.3 62.0 67.3 65.3 66.9 68.3 68.9
tures
Purchases of goods and services — 53.5 57.9 63.0 60.9 62.5 64.1 64.6
6.4
6.5
6.4
6.4
6.3
Transfer payments to peisons
5.6
6.0
.9
.9
.9
.9
.9
>Jp,t interest paid
.8
.8
Less: Current surplus of govern3.1
3.0
2.9
2.8
2.8
ment enterprises
2.6
3.0
Surplus or deficit (— ) on income
2.3 2.3 2.6
and product account
2.4
2.1 2.4
2.5
0
72.6
11.3
1.6
44.6
4.4
10.6
70.3
65.9
6.7
.9
3.2
2.3
REVISED SERIES—Indexes of Industrial Production (Seasonally Adjusted): Revised Data (1961-63) for Pages S-3 and S-4 1
(1957-59=100)
By industry groupings
Manufacturing
Durable manufactures
Total industrial production (including utilities)
Primary metals
Total
Month
Total
Total
January February
March
April
May
June
—
__.__
juiv
--
_
September
October
November .
December
-
Annual average
Iron and steel
Nonferrous metals and
products
1961
1962
1963
1961
1962
1963
1961
1962
1963
1961
1962
1963
1961
1962
1963
1961
1962
103.6
103.6
104.0
106.7
108. 7
110.5
115.0
116.4
117.5
118.0
118.2
118.1
119.8
120.6
121. 9
122.7
124.4
125.6
102.9
103.0
103.5
106.3
108.5
110.5
115.1
116.8
117.9
118.6
118.7
118.5
120.3
121.0
122.5
123.3
125. 0
126.3
99.1
98.8
99.3
102.9
106.3
108.6
114.0
116.0
117.3
118.3
117.9
117.2
119.6
120.4
121. 9
123. 1
125.2
127.1
79.9
81.0
82.5
92.1
100. 8
104. 6
113.0
116.4
116.6
111.4
101.3
97.7
100.7
104.4
112. 1
119.1
127.5
127. 2
76.4
77.8
79.6
89.5
100.1
102.0
112.9
117.7
118.5
111.5
96.5
89.5
96.1
102.3
111.6
120.7
129.3
126.1
100.0
96.7
100.1
104.9
105.8
105.5
117. 5
119.6
119.5
119.7
120.2
119. 1
122.1
119.0
123.1
123.0
124.1
126.9
111.5
112.9
111.6
113.4
114.9
115.8
119.0
119. 0
119.7
119. 1
119.8
119.4
125.6
125.4
125.7
126.1
126.1
127. 0
111.8
113.3
111.7
113.6
115.2
116.2
119.4
119.5
120.2
119. 5
120.2
119.9
126.1
125.7
126.2
126.8
126. 9
127.9
109.9
111.6
109.1
111.3
113. 4
114.8
118.3
118.7
119.3
118.7
119.2
119.2
126.1
125.0
125.6
126.0
126.4
127.3
107.7
108.4
108.7
107.7
106.2
111.0
96.6
98.1
99.6
98.9
100.7
100.3
121.4
109. 5
107.8
108.5
109.7
110. 5
104.5
106. 1
106.5
105.3
103.9
110.6
87.8
92.1
92.8
92.4
95.3
95.8
117.1
102.6
100. 0
101.5
103.5
104.9
108.3
111.3
110.9
113.4
115.6
118.5
118.7
114.2
118.7
120.0
120. 7
119.8
124.7
128.2
130.3
131.2
133.1
134. 7
109.7
118.3
124.3
109.6
118.7
124.9
107.0
117.9
124.5
98.9
104.6
113.3
96.5
100.6
109. 6
107.5
119.1
126.7
1963
Durable manufactures (continued)
Fabricated metal products
Machinery
Transportation
equipment
Month
Total
Structural metal parts
Total
Nonelectrical machinery
Electrical machinery
Total
January
February
March
April
May
June
99.0
97.7
98.7
101. 1
105. 2
107.8
111. 4
113.5
115.2
116.9
117.8
118.5
118.9
119.8
120.1
120.2
122.1
123.9
100.8
99.6
100.2
101.0
103.5
105.4
108.4
111.4
112.6
114.1
114.0
114.1
114.7
116.1
116.8
117.3
119. 7
120.6
105.4
105.0
105.1
107.2
108.3
109.9
116.7
118.2
120.8
122.8
123. 7
124.9
125.6
126.3
126.3
126.2
127.0
128.9
102.4
101.6
101. 5
103. 5
104.5
106. 0
111.9
113. 5
116.3
118.5
120.1
121.3
122.3
123.0
122.7
122.8
123.3
126.0
109.4
109.6
109.9
112.2
113.4
115. 1
123.0
124.4
126.7
128. 6
128.4
129.7
130.0
130.7
131.0
130.8
131.9
132.7
95.7
94.4
94.1
99.3
103. 8
106.8
112.6
113.3
114.0
116.6
119. 2
116.2
123.6
122.9
123.2
123.9
124.8
130.3
JUly
109.2
112.7
108.5
111.3
112.9
113.3
119.1
119.5
119.6
117.8
117.9
117.8
124.4
125.7
125.6
126.8
126.0
126.8
106.0
107.8
104.4
109.6
111.2
111.1
113.9
113.0
114.0
114.5
114.3
113.7
121.7
122.0
122.5
123.0
123.1
122.9
112.3
113.0
112.7
114.0
115.3
117.0
125.7
125.4
126.2
125.6
126. 1
126.1
129.6
130.3
131.9
131.7
132.8
133.9
107.7
109.2
109.6
110.0
110.2
111. 7
122.3
122. 5
122.8
122.9
123.1
121.6
126.8
128. 0
130. 2
131.3
132.1
133.5
118.3
118.1
116. 7
119.3
122.0
123. 9
130.1
129.3
130.7
129.2
130. 2
132.0
133. 4
133.4
134.0
132.2
133.7
134.4
106.1
110.0
100.2
106.8
113.5
114.5
120.6
121.5
121.3
121.7
121.7
122.1
127.6
128. 2
129.4
130.0
129.6
131.3
106.5
117.1
123.4
105.2
113.2
120.2
110.4
123.5
129.2
106.5
119.7
126.9
115.7
128. 5
132.3
103.6
118. 3
127.0
August
September
October
November
Annual average
Durable manufactures (continued)
Transportation equipment (continued)
Month
Motor vehicles and parts
M^arch
April
--
-
July
___
August
September
October
November
•-
—
-
Annual average
Aircraft and other
equipment
Ins truments and
relsited products
Clay, glass, and
stone products
Lumber and products
Furniture and fixtures
97.5
94.6
94.1
105. 7
114.5
120.8
126.9
126.5
126. 8
132.8
137.4
130. 7
140.4
140.6
141.4
141.2
142.5
153.5
93.6
93.6
93.2
93.0
93.9
94.0
99.7
101.0
102.1
101.7
102.6
103.0
107.9
106. 8
106.6
108.2
108.6
109.4
114.5
113.4
113.7
113.4
114.3
114.5
119.8
120.1
121.1
122.8
122.6
122.9
126.1
128.1
128.8
128.4
129.5
130.2
103.3
103.5
104.4
103.7
105.8
106.9
106.3
108.7
108.9
110.4
112.1
111.9
112.7
110.0
113.9
116.1
117.6
118.6
94.6
95.3
97.0
102.3
103.0
104.5
97.6
107.6
106.4
108.0
106.6
106.9
104.8
109.8
111.9
108.6
107.2
105.6
107.3
108.3
109.5
111.4
111.9
113.8
118.5
122. 7
125.3
126.9
128.1
128.2
129.5
129.5
129.7
129.6
131.5
132.8
119.5
126. 3
101.9
115.5
128. 0
129.9
137.5
137.7
138.4
139.0
138.8
139.2
146.7
147.6
149.1
149.8
149.8
151.9
93.9
95.3
97.9
. 98.5
100.4
100.6
105.2
106.7
105.9
106.2
106.2
106.5
110. 1
110. 5
111.2
111.8
111.1
112.2
114.9
116.3
117.6
117. 9
119.4
120.0
123.4
124.0
123.9
124.2
125.0
125. 5
131.0
131.1
132.4
132.5
131.9
132.7
107.9
107.9
107.6
107. 5
108.0
108. 3
111.8
112.4
112.8
112.4
112.3
111.2
119.7
118.6
119.1
120. 4
120.3
120.5
104.7
103.4
102.3
102.7
102.2
100.7
106.2
106.9
107.5
104.8
106.8
106. 9
104.3
108.7
110.5
112.2
111.8
111.0
116. 2
117.4
118.7
120.8
122.9
123.5
127.6
127.9
128.2
128.4
129.1
128.9
135.0
134.8
135.3
135. 3
136.4
137. 6
111.9
134.1
146.1
95.7
103.9
109.5
115.8
123.0
130.2
106.4
111. 1
117.5
101.3
106.1
108.9
115. 3
126.7
133.1
Nondurable manufactures
Month
January
February
March
April
May
Total
- _
-
.
June
July
August
September
October
November
December
-
_
_ _ _ _ _ _
Annual average
Textile mill products
Apparel products
Leather and products
Paper and products
Printing and
publishing, total
107.6
108.2
108.8
110.6
111.2
113.0
116.6
117.8
118.7
118.8
119.6
120.1
121.3
121.8
123.3
123.7
124.8
125.2
96. 2
98.1
100.4
103.2
105.5
106.9
113.7
113.9
114.8
115.5
116.1
116.9
114.9
113. 4
114.7
114.5
115.6
116.3
103.1
106.8
107.4
108.3
108.5
111.2
115.5
116.0
116.5
117.6
118.3
119.0
122.5
123.2
123. 7
124.4
123.8
124.9
97.4
98.4
98.3
100.3
97.7
99.6
102.1
103.0
103.5
105.5
103.8
103.2
97.9
98.1
98.2
95.5
98.3
99. 6
107.2
106.8
108.3
113. 6
111. 9
114.7
116.1
118.5
120. 1
119. 6
119. 4
119.6
120.4
122.8
123.3
122. 5
125.4
125.8
110.2
109.8
110.6
110.2
110.2
111.1
113.5
114.3
114.6
114.4
114.9
115.1
110.7
110,6
110.2
116.5
118.4
118. 2
114.1
115.4
114.9
116. 4
117.5
117.8
120.8
120. 5
121.4
120.6
12L4
120.9
126.0
126.6
127.0
127.7
127.6
128.7
109.3
111.9
112. 1
113. 2
113.9
114.4
115.0
116.7
116. 1
115.8
114.4
113.9
117. 1
118.0
119.0
119.3
120.5
119. 4
115.4
117.1
113.0
116.5
118.9
119.8
118.8
119.2
120.5
121.4
122.2
122.2
126. 2
126.9
127.2
127.3
128.5
129.1
100. 1
99.8
97.7
101.8
104.4
106.6
102.7
101.3
103.6
99.8
100.2
98.8
99.9
102.1
103. 6
102.9
100.0
101. 2
112.4
116.0
116.7
117.4
118.4
119.9
119.8
119.4
120.2
119.5
122.4
120.3
126.3
126.7
125.9
127.0
127.3
127.6
112.0
111.9
112.1
112.6
113.0
113.0
114.8
115.8
116.0
114.6
114.9
112.3
117.6
118.4
118.4
117.9
117.7
121.3
112.9
119.8
125.3
107.1
115.3
116.9
112.1
118.9
125.6
100. 1
102.3
99.8
113.7
119.7
125. 1
111.5
114.6
116.4
1
Industrial production indexes were revised beginning Jan. 1961 to incorporate new seasonal factors.
Source: Board of Governors of the Federal Reserve System.
31
REVISED SERIES—Indexes of Industrial Production (Seasonally Adjusted): Revised Data (1961-63) for Pages S-3 and S-4 (Continued) 1
(1957-59=100)
By industry groupings (continued)
Nondurable manufactures (continued)
Chemicals and products
Printing and publishing
(continued)
Month
Total
Newspapers
February
March
April
-
Mav
June
July
September
October
December
Annual average
Rubber and plastics
products
Petroleum products
Industrial chemicals
Total
1961
1962
1963
1961
1962
1963
1961
1962
1963
1961
1962
1963
1961
1962
1963
1961
1962
104.1
103.4
105.9
105.7
105.1
106.1
108.6
108.8
108.6
107.4
107.9
108.6
94.0
93.4
90.7
109.7
111.4
112.5
115.3
115.1
116.8
119.8
121.6
124.2
129.4
132.3
133.5
133.9
135.3
136.5
140.6
142.3
144.7
146.3
147.2
147.7
119.1
118.6
121.2
124.0
127.5
129.7
139.5
142.8
144.6
144.7
146.0
147.6
153.4
154.9
157.8
160.4
161.2
160.9
106.2
107.8
106.9
106.7
109.0
106.8
112.2
111.1
114.0
110.7
112.6
114.0
114.3
114.3
115.4
117.0
116.9
118.2
100.4
99.5
93.9
106.5
110.9
114.4
122.9
125.0
124.8
127.4
131.0
133.6
136.1
135.7
140.2
138.8
137.2
137.0
108.3
108.6
109.2
108. 5
108.3
110.0
111.6
112.1
112.5
112.9
113.3
112.9
115.2
115.2
117.5
115.2
116.4
116.9
106.6
106.3
106.5
106.8
107.6
108.0
109.1
112.4
111.3
108.3
109.7
100.5
111.5
112.9
113.7
111.9
113.2
119.2
125.3
126.3
126.6
128.3
129.9
131.0
137.3
138.1
139.0
138.9
139.3
139.8
149.9
150.7
152.5
153.5
153.6
154.5
132.5
134.1
134.0
136.7
138.9
140.7
148.7
149.9
151.0
151.1
152.5
152.1
163.2
164.5
166.7
168.3
169.3
171.4
108.7
110.5
108.2
111.7
111.3
110.7
112.8
111.1
115.8
113.5
113.0
114.2
119.5
117.6
117.0
119.0
118.5
116.6
117.3
119.7
116.8
120.3
122.6
123.8
133.7
131.7
134.5
135. 1
134.0
134.6
135.1
140.1
142.6
145.0
144.3
144.3
110.6
111.2
111.4
111.7
112.6
111.7
115.6
114.1
114.2
113.1
114.6
114.4
117.6
117.5
116.9
118.1
117.3
119.1
106.1
108. 5
108.0
123.4
136.1
148.6
129.7
147.6
162.7
108.7
112.9
117.1
111.9
130.6
140.0
110.2
113.5
116.9
Nondurable manufactures (continued)
Foods and beverages (continued)
-
-
July
August
September
October
November
December
--
Annual average
Total
Total
108.6
108.7
109.2
108.7
109.5
110.6
111.9
112.2
112.9
113.6
113.0
113.0
115.1
115.2
117.6
114.8
116.4
116.4
106.5
107.8
108.9
107.6
101.6
106.5
110.2
111.7
110.2
109.1
114.9
112.2
115.9
115.0
117.0
117.3
116.4
119.8
107.7
111.8
110.5
110.6
108.9
110.2
109.1
111.0
116.6
110.4
112.5
109.3
113.0
114.6
114.2
112.7
118.1
115.4
102.4
101.5
101.0
101.3
101.8
102.2
104.5
104.7
105.2
105.3
104.9
105.1
103.6
105.6
105,8
107.0
108.7
109.2
88.4
87.4
77.2
83.9
88.0
90.4
100.3
97.5
96.8
94.7
93.0
92.9
96.6
98.7
94.5
100.6
103.8
105.9
102.3
101.9
103.1
103.5
103.4
102.9
104.4
104.5
105.0
105.2
104.9
105.4
103.5
105.9
106.7
107.2
108.9
109.0
110.9
111.8
111.8
111.8
113.1
112.3
116.3
114.7
114.7
113.6
115.2
114.5
116.8
117.2
117.2
117.7
117.5
119.2
109.2
108.0
109.1
111.4
110.1
108.7
111.7
110.9
111.8
110.3
111.5
113.9
121.8
118.9
115.1
120.5
116.3
118.7
107.7
111.4
110.8
113.8
114.1
112.4
113.4
112.0
114.9
108.6
114.7
111.4
117.9
116.8
115.7
114.1
114.6
114.9
102.3
102.7
102.2
104.1
104.6
105.0
105.7
105.1
105.1
104.9
105.6
103.8
110.1
111.1
109.9
108.6
107. 5
107.3
90.4
91.5
93.3
95.0
96.9
97.7
92.9
93.8
94.2
94.3
96.7
95.6
105.9
107.2
105.6
103.9
102.2
105.1
102.7
103.4
101.7
103.4
104.0
105.0
106.5
105.9
106.8
106.7
106.6
104.8
110.4
111.4
109.9
108.5
107.2
106.2
110.6
113.8
116.8
107.9
111.5
117.8
110. 8
112.0
115.2
102.6
105.0
107.9
90.1
95.3
102.5
103.1
105.5
107.9
Utilities
Mining (continued)
Crude oil and natural
gas (continued)
Month
Crude oil and natural gas
Coal
Beverages
Food manufactures
1963
Mining
Tobacco products
Month
January
February
March
April
iJfay
June
Foods and beverages
Stone and earth minerals
Metal mining
Total
Gas
Electric
Crude oil
June.
101.9
101.6
104.0
103.3
103.5
102.8
103.7
103.9
103.6
104.2
104.1
105. 1
103.2
105.5
106.2
107.4
109.5
109.5
119.2
116.4
116.3
106.1
101.4
105.4
115.9
118.2
120.0
121.7
121.7
118. 3
110.1
114.3
114.4
112.0
112.2
112.8
110.4
107.6
108.6
107.1
110.2
112.0
102.4
106.4
108.3
108.5
109.7
110.7
109.2
106.9
109.6
110.6
112.3
113.2
116.8
117.6
117.8
120.3
122.7
122.7
128.1
128.3
128.8
128.8
130.3
132.0
135.9
137.8
137. 0
136.5
138.7
140.2
118.0
118.7
118.2
120.7
123.3
123.5
129.3
129.4
130.2
130.3
132.4
134.4
137.6
140.0
138.8
138.1
140.9
142. 8
113.0
114.4
116.2
119.3
120.7
120.4
124.4
124.7
124.2
124.0
123.7
124.3
130.5
130.8
131.2
131.6
131.8
132.1
July
August
September
October
November
December .
102.8
103.9
102.3
103.2
102.5
103.8
106.3
105.8
107.0
106.7
106.7
104.8
110.9
111.7
109.8
109.1
108.1
106.6
107.3
106.3
111.0
118.0
121.6
122.6
116.1
110.7
100.2
98.6
104.3
107.6
110.3
112.7
112.4
111.9
112.2
112.9
112.2
110.6
111.8
111.3
107. 7
102.2
110.6
111.7
112.7
112.6
112.5
105.8
113.5
113.4
113.4
113.5
113.8
113.4
122.6
124.0
124.8
125.7
126.1
126.9
132.6
132.5
133.2
133.9
134.5
134.9
141.9
142.4
142.1
142.3
142.1
143.0
123.1
125.0
126.0
127.3
127.5
128.3
134.5
134.2
134.7
135. 5
136.1
136.4
145.2
145.7
145.2
145.4
145.0
146.1
121.2
121.2
121.0
120.9
121.7
122.5
126.4
127.5
128.5
128.9
129.6
130.3
131.7
132.1
132.4
132.5
132.9
133.3
103.0
105.1
108.1
112. 0
112.6
112.3
109.4
109.7
112.1
122.3
131.4
140.0
123.2
133.0
142.6
119.4
126.4
131.9
January
February
March
April
May
Annual average.^ ,
„ .
By market groupings
Final products
Month
Consumer goods
Total
January
February
March
April
May.
Juie.^..,
_
, ,,.- nu . ^
July
August
September
October
November
December _ _ _
Annual average..
Automotive and home
goods
Total
Materials
Equipment, including
defense
Apparel and staples
106.5
106.7
106.8
108.9
110.0
111.3
115.7
117.0
117.9
118.5
119.5
119.5
122.1
122.6
123.3
122.7
123. 7
125.1
107.0
107.6
108.1
110.5
111.9
113.3
116.6
117.6
118.3
119.0
120.0
119.5
122.2
122.8
124.0
123.2
124.3
125.9
101.9
101.0
101. 3
108.0
111.2
114.4
121.5
122.3
123.1
125.4
127.0
124.7
130.3
130.9
131.3
131.1
132.4
136.3
108.7
109.7
110.2
111.3
112.1
112.9
115.1
116.1
116.8
116.9
117.7
117.8
119.6
120.2
121.6
120.7
121.7
122.6
105.4
104.9
104.0
105.4
106.0
107.1
113.8
115.8
116.9
117.6
118.5
119.6
122.0
122.2
122.0
121.8
122.5
123.5
101.2
100.9
101.9
105.2
107.5
109.7
114.1
116.2
117.3
117.3
116.7
116.7
117.7
118.7
120.8
122.7
125.2
125.9
112.3
113.3
112.1
114.6
116.2
116.8
121.0
121.1
121.4
121.1
121.7
122.0
125.2
126.0
126.3
127.2
127.0
128.0
114. 2
115.2
113.0
115.9
117.4
117.8
120.9
120.6
121.1
120.4
121.1
121.8
125.8
126.5
126.4
127.4
126.9
128.0
117.2
117.4
110.0
117.1
122.1
124.6
127. 4
127.5
127.8
128. 1
128.2
129.4
134.0
135.5
136.4
137.3
138.4
139.1
113.0
113.9
114.0
115.6
116.0
115.6
118.9
118.5
118.9
117.9
118.9
119.4
123.1
123.7
123.2
124.2
123.3
124.5
108.3
109.1
110.0
111.7
113.7
114.9
121.1
122.2
122.1
122.6
122.9
122.5
124.0
125.0
126.0
127.0
127.1
128.1
110.4
112.1
110.8
112.8
113.8
115.0
116.8
117.3
118.1
117.4
117.9
117.4
126.0
124.9
125.0
125.5
125.7
125.9
111.2
119.7
124.9
112.6
119.7
125.2
112.0
125.9
134.4
112.8
117.8
122.3
108.3
119.6
124.2
108.4
117.0
123.7
i Industrial production indexes were revised beginning Jan. 1961 to incorporate new seasonal factors.
Source: Board of Governors of the Federal Reserve System.
32
U.S. GOVERNMENT PRINTING OFFICE : 1965 0—773-981
CURRENT BUSINESS STATISTICS
JL HE STATISTICS here update series published in the 1963 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) contains data by months, or quarters, for the years 1959 through 1962 (1951-62, for major
quarterly series) and averages of monthly or quarterly data for all years back to 1939; it also provides a description of each series and references
to sources of earlier figures. Series added or significantly revised after the 1963 BUSINESS STATISTICS went to press are indicated by an asterisk
(*) and a dagger (f), respectively; certain revisions for 1962 issued too late for inclusion in the aforementioned volume appear in the monthly
SURVEY beginning with the August 1963 issue. Also, unless otherwise noted, revised monthly data (for periods not shown herein) corresponding
to revised monthly averages are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely,
through the courtesy of the compilers, and are subject to their copyrights.
1962
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
| 1963 j
1964
1962
I
Annual total
II
Data from private sources are provided
1964
1963
III
IV
I
II
III | IV
II
1965
III
IV
I
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
National income, totalf————---—
Compensation of employees, total.
bil. $.
455.6
478.5
510.1
447.2
454.3
457.8
463.2
467.9
474.6
481.9
490.0
498.4
507.1
_do_—
323.1
340.3
361.7
316.6
322.4
325.3
328.0
332.7
338.1
342.7
347.7
352.5
358.6
297.1
312.1
252.9
10.9
48.3
28.2
50.6
37.6
13.0
12.3
267.4
11.8
52.4
30.1
52.0
39.3
12.7
12.4
291.2
236.5
11.1
43.6
25.4
50.0
36.3
13.7
12.2
296.6
241.5
11.0
44.1
25.8
49.9
36.6
13.3
12.2
299.2
243.5
10.7
45.0
26.1
49.7
36.7
13.0
12.2
301.6
244.8
10.5
46.3
26.4
49.7
38.9
12.8
12.2
305.3
247.5
10.6
47.2
27.4
50.3
37.1
13.2
12.3
310.1
251.6
10.7
47.8
27.9
50.1
37.3
12.8
12.3
314.3
255.0
10.7
48.7
28.4
50.7
37.8
12.9
12.4
318.8
257.6
11.7
49.6
28.8
51.5
38.3
13.2
12.4
323.2
260.8
11.7
50.7
29.4
51.2
38.6
12.6
12.4
328.7
265.3
11.7
51.7
29.9
51.7
39.1
12.6
12.4
48.4
50.8
57.4
47.1
48.0
50.3
49.1
50.2
51.4
53.1
56.4
48.2
23.2
25.0
16.5
8.5
51.3
24.6
26.7
18.0
8.7
-.4
57.6
25.8
31.8
19.8
11.9
-.2
47.2
22.7
24.5
16.1
8.4
-.1
47.9
23.0
24.9
16.4
8.5
.0
48.1
23.1
25.0
16.5
8.5
.1
49.4
23.8
25.7
17.1
8.6
48.9
23.4
25.5
17.2
8.3
.2
51.1
24.5
26.6
17.7
8.9
51.3
24.5
26.7
17.9
8.9
.2
54.3
26.0
28.3
19.1
9.2
-1.2
56.6
25.4
31.2
19.4
11.8
-.2
21.8
22.3
22.9
23.5
25.9
545.5
553.4,
559.0
566.6
350.5
354.0
358.5
364.0
47.4
19.7
20.1
159.5
29.6
83.2
12.2
143.6
21.3
45.6
11.1
47.7
20.3
19.9.
161.0
29.7
84.1
12.2
145.3
21.3
46.2
11.2
48.4
20.5
20.3
162.9
30.0
85.2
12.3
147.2
21.7
46.8
11.4
50.2
21.8
20.6
164,4
30.2
85.9
12.5
149.5
22.0
47.5
11.5
Wages and salaries, totaL__.__
do__.
Private
do—
Military..—..
do....
Government civilian.
_..
do—
Supplements to wages and salaries
_do_._
Proprietors' income, totalcf.
do....
Business and professionalcf..
.
do___:
Farm
__
do—
Rental income of persons
do___.
Corporate profits and inventory valuation adjustment, total
—
...bil. $_
Corporate profits before tax, total
do...
Corporate profits tax liability.
_do___
Corporate profits after tax.
___do___
Dividends...
_........ do...
Undistributed profits
„....
do...,
Inventory valuation adjustment...
__do
Net interest,
_.
..—
do..
241.6
10.8
44.7
25.9
49.8
36.6
13.2
12.2
22.1
24.4
26.8
556.2
583.9
622.6
Personal consumption expenditures, total..do....
356.8
375.0
Durable goods, total©
...do..
Automobiles and parts
_do__
Furniture and household equipment—do__
Nondurable goods, total ©._.__
.-...-do..
Clothing and shoes.—.
__do__
Food and alcoholic beverages....—... .do,,.
Gasoline and oil
_
„'
_._do._
Services, total $
_
_..doHousehold operation. ___._..._
do..
Housing
do..
Transportation...
do..
48.4
20.6
20.2
162. 0
29.9
84.6
12.3
146.4
21.6
46.5
11.3
52.1
22.7
21.4
167. 5
30.7
87.1
12.8
155.3
22.7
48.9
11.7
57.0
24.2
24.0
177.3
33.4
91.7
13.5
165.1
24.4
51.5
12.2
Gross national product, totalf—
—
Gross private domestic investment, total
-do.
57.9
26.0
31.9
19.8
12.1
—.1
514.5
334.4
269.4
11.8
53.2
520.6
••534.5
370.6
378.3
339.9
274.0
11.9
54.0
347.2
280.5
11.9
54.9
31.1
52.7
40.4
12.2
12.5
30.4
30.7
52.1
39.6
12.6
12.4
52.8
39.9
12.9
12.5
58.1
57.0
' 62.9
58.0
26.0
32.0
20.0
12.0
.1
57.7
25.9
31.9
20.2
11.7
—.7
'64.3
'•27.7
'36.6
20.5
'16.1
-1.4
26.5
27.1
27.6
28.2
618.6
628.4
634,6
648.8
390.0
396.1
404.6
406.5.
418.1
23.2
22.3
168.9
30:9
87.8
13.0
158.8
23.0
49.8
11.8
55.9
24.3
23.1
172.9
32.1
89.7
13.3
161.1
23.5
50. 5
12.0
57.0
24.1
24.2
175.3
33.2
90.6
13.5
163.8
24.0
51.1
12.2
58.7
25.6
24.2
179.5
33.8
92.8
I 13.. 5
166.4
24.8
51.8
12.2
56.3
22.8
24.5
181.3
34.3
93.6
13.7
169.0
25.1
52.4
12.3
62.0
28.5
24.3
184.3
34.9
94.8
13.9
171.7
25.5
53.1
12.5
87.1
85.9
87.2
87.3
90.4
94.7
49.9
26.2
37.9
6.8
7.0
24.0
24.7
25.4
577.4
587.2
599.0
369.2
372.0
377.4
381.3
51.1
22.4
20.8
166.0
30.4
86.4
12.7
152.1
22.4
48.0
11.6
51.5
22.6
21.0
166.6
30.1
86.9
12.8
153.9
22.4
48.6
11..7
52.2
22.6
21.6
168. 6
31.3
87.3
12.9
156.6
22.9
49.2
11.7
80.2
82.8
do__._
79.1
82.0
87.7
77.4
78.9
80.2
79.9
New construction.....
_
.do.
Residential nonfarm...
_do
Producers' durable equipment-.———..do..-.
Change in business inventories..
do._._
Nonfarm—
_»_-__.do-
44.2
23.6
29.0
5.9
5.3
46.6
25.2
31.0
4.4
3.9
48.9
26.0
35.1
3.7
3.6
42.5
22.5
28.1
6.9
6.4
44.1
23.5
28.8
6.1
5.5
45.5
24.4
29.6
5.1
4.4
44.9
24.0
29.7
5.4
4.8
44.7
24.3
29.6
3.6
3.0
45.9
25.1
30.7
3.6
3.2
47.2
25.4
31.4
4.2
3.7
48.3
26.2
32.4
6.4
6.0
49.2
26.9
34.2
2.5
2.2
48.9
26.2
34.6
3.7
3.4
48.9
25.7
35.6
2.8
2.7
48.7
25.1
36.0
5.7
6.1
Net exports of goods and services
._ do
Exports
_
__.„„____
dol" "
Imports..
—.>_.___
do.
4.0
29.2
25.2
4.4
30.7
26.3
7.0
35.2
28.2
3.4
28.0
24.6
4.3
29.6
25.3
4.4
29.7
25.3
29.4
25.5
3.4
28.8
25.4
4.3
30.5
26.3
4.2
31.0
26.8
5.8
32.6
26.9
7.7
34.5
26.8
5.7
33.7
27.9
7.0
35.7
28.7
7.7
37.1
29.4
5.0
33.7
28.7
Govt. purchases of goods and services, total do
Federal (less Government sales).
....""doIII"
National defense 9
_
do.
State and local
„.
Illdol
116.3
62.9
53.6
53.5
122.6
64.7
55.2
57.9
128.6
65.5
55.4
63.0
114.3
61.4
52.5
52.8
116.1
63.6
55.3
52.5
115.9
62.4
53.0
53.5
118.7
63,8
53.5
54.8
121.4
65.1
54.8
56.3
120.9
64.3
55.2
56.7
122.8
64.4
55.5
58.4
124.8
64.9
55.3
59.9
125.2
64.3
54.0
129.6
67.1
57.0
62.5
129.5
65.5
55.2
64.1
130.0
65.3
55.3
64.6
131.0
65.1
54.4
65.9
By major type of product: f
Final sales, total.
.
do
Goods, total
„____
.._ ""do"
Durable goods..
do"
Nondurable goods
,.___
do
Services
„.
„ do
Construction.
„
„ <j0~
550.3
273.6
102.3
171.3
214.7
62.0
579.5
285.8
108.2
177.6
228.4
65.2
618.9
538.7
268.9
100.2
168.7
210.0
59.8
547.3
273.5
103.5
170.0
212.2
61.6
554.0
273.9
101. 4
172.6
216.8
63.2
561.2
278.2
104.1
174.1
220.0
63.0
568.2
280.9
105.0
175.8
224.7
62.7
573.7
286.5
111.0
175.5
223.5
63.7
583.0
285.7
106.6
179.1
231.2
66.2
592.6
290.3
110.4
179.9
234.5
67.8
606.4
298.2
114.3
183.9
239.6
614.9
304.3
119.0
185.4
241.7
68.9
625.7
310.5
120.7
189.8
246,0
69.2
628.8
309.6
117.9
191.7
250.3
69.0
641.9
316.9
122.8
194.0
254.7
70.3
Inventory change, total....
do....
5.9
4.4
3.7
6.9
6.1
Durable goods
_
Ido
3.0
2.2
2.0
3.9
3.1
Nondurable goods
IIdo~.II
2.9
2.2
1.7
2.9
3.0
'Revised * Preliminary. fRevised series. Estimates of national income and product
and personal income have been revised back to 1961 (see p. 8 ff. of the July 1964 SURVEY):
revisions prior to May 1963 for personal income appear on p. 15 of the July 1964 SURVEY.
5.1
3.1
2.0
5.4
1.8
3.6
2.8
1.3
1.5
5.7
3.7
2.1
6.8
5.9
773-981 O-65-3
305.6
1.18.0
187.6
244:3
69.0
6.4
2.5
3.0
.7
3.4
1.8
concludes inventory valuation adjustment. ©Includes
9 Government sales are not deducted.
3.6
1.5
2.0
3.6
2.7
4.2
1.5
2.7
3.. 7
2.5
1.2
data not shown separately.
s-1
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
1963 | 1964
1962
III
Annual total
June 1965
1964
1963
IV
I
II
III
IV
I
II
1965
III
IV
I
II
III
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
GNP in constant (1954) dollars
Gross national product totalf
bil $
Personal consumption expenditures, total.. do....
Durable goods
Nondurable goods
Services
do
do
do
476.4
492. 6
516. 0
478.3
483.0
485.4
487.9
494.8
502. 0
508.0
513.5
519. 6
522.7
532.2
318.5
330.6
347. 5
319.8
323.6
327. 0
328.6
332.4
334.4
340.9
345.0
351.8
352.4
360. 6
45.7
148. 3
124.5
49.3
151.6
129. 7
54.2
158.8
134.6
45.6
149.1
125.0
47.6
149.5
126.5
48.5
150. 7
127.8
48.6
151. 1
128.9
49. 4
152.5
130. 6
50.8
152.1
131.6
53.1
155.2
132. 6
54.0
157.4
133.7
55.6
160.9
135.3
53.9
161.9
136.6
58.9
163.9
137. 9
Gross private domestic Investment, total — do....
New construction
Producers' durable equipment
Change in business Inventories
do
do
do
Net exports of goods and services
65.9
67.7
71.0
66.3
66.5
64.7
66.2
68.1
71. 7
70. 1
70.8
70.4
72.7
76.1
36.7
24.0
5.2
37.9
25.6
4.1
38.9
28.8
3.3
37.5
24.4
4.4
37.0
24.7
4.9
36.8
24.6
3.4
37.5
25.4
3.3
38.2
25.9
4.0
39.0
26.8
5.9
39.6
28.1
2.4
39.2
28.3
3.3
38.6
29. 2
2.5
38.2
29.5
5.0
39.1
31.0
6.0
do
2.2
2.2
4.6
2.8
2.1
1.3
2.1
2.0
3. 5
5.4
3.4
4. 5
5.2
2.7
Govt purchases of goods and services total do
Federal
do
State and local
do
89.8
49.4
40.3
92.1
49.7
42.4
92.8
48.2
44.6
89.4
49.2
40.2
90.7
49.9
40.9
92.4
50.7
41.8
91.0
49.4
41.7
92.3
49.6
42.7
92.4
48.9
43.4
91.6
47.8
43.8
94.3
49.8
44.5
92.8
47.8
45.0
92. 4
47.3
45.1
92.8
47.1
45. 8
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
bil $
Less* Personal tax and nontax payments
do
Equals* Disposable personal income
do
442.4
57.9
384.6
464.1
61.6
402.5
491. 4
59.5
431.8
444.5
58.5
386.0
449.7
59.3
390.4
455.2
60.1
395.1
460.2
61.1
399.1
466.3
61.9
404. 4
474. 5
63.3
411.2
480.9
61.4
419. 5
487.9
57. 7
430.2
494. 5
58. 8
435. 6
502.2
60.2
442.1
511, 6
63.3
448.3
27.8
27.5
32. 5
27.5
26.4
25.9
27.1
27.0
29.9
29. 5
34.0
31.0
35.5
30.2
'10.79
Personal saving §
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
.
__bil. $
37.31
39.22
44.90
9.62
10.18
8.25
9.74
10. 14
11.09
9.40
11.11
11.54
12. 84
do
do
do
14.68
7.03
7.65
15. 69
7.85
7.84
18. 58
9.43
9.16
3.72
1.79
1.93
4.13
2.03
2.10
3.27
1.62
1.65
3.92
1.96
1.95
3.95
1.96
1.99
4.56
2.31
2.25
3.79
1.93
1.87
4.53
2.30
2.23
4.67
2.37
2.30
5.59
2.83
2.76
' 4. 54
'2. 25
' 2. 28
... do
do
do
do
do
do
1.08
.85
2.07
5.48
3.63
9.52
1.04
1.10
1.92.
5.65
3.79
10.03
1.19
1.41
2.38
6.22
4.30
10. 83
.28
.24
.50
1.54
.87
2.48
.27
.20
.50
1.52
.95
2.60
.24
.21
.39
1.04
.85
2.26
.26
.28
.54
1.40
.95
2.41
.27
.29
.45
1.60
.93
2.64
.28
. 33
.54
1. 61
1.06
2. 72
.26
.32
.51
1.18
.97
2.37
.29
.36
.63
1.58
1.10
2.61
.30
.37
.59
1.71
1. 06
2.84
.33
.35
.64
1.76
1. 17
3.01
'.29
.34
'.39
'.41
'.58
.78
' 1. 32 '1.66
1.08
' 2. 59 '3 4. 04
34.19
38.35
37. 95
36.95
38. 05
40.00
41.20
42. 55
43.50
45.65
47.75 ' 49. 00 'i 49. 60
250.80
15.05
7.25
7.80
15.00
7. 30
7.70
14.85
7.35
7.50
15.30
7.65
7.65
15.95
8.00
8.00
16. 45
8.30
8.15
17. 40
8.85
8.55
17. 80
9.00
8.80
18.85
9.60
9.20
20.15
10.15
10. 00
'20.75
'10.40
10.40
1.10
1.00
2.00
5.75
3.60
9.85
1.00
.80
1.90
5.45
3.60
10.20
1.05
.90
1.70
5.20
3.55
9.65
1.00
1.00
2. 05
5.45
3.65
9.65
1.05
1.20
1.85
5.90
3.85
10.20
1.05
1.35
2.10
5.80
4.05
10.45
1.15
1.40
2.30
5.95
4.05
10. 25
1.15
1.25
2.25
6.30
4.30
10.45
1.20
1.50
2.40
6.30
4.40
11,00
1.30
1.55
2.60
6.35
4.40
11.40
1.30
'1.25
1. 45
1.75
2.75
'2.55
'6.60
'6.80
4. 55
' 11. 30 '3 16. 20
4,800
4,815
4,825
4,835
4,850
4,860
4,875
4,895
4,910
4,930
' 8, 803 ' 9, 595 ' 8, 619 '9,263
'9,380
'9,691 '9,997 '10,950
9,730
' 4, 343 '4,372
'715
' 721
'1,653 ' 1, 692
'4,410
'732
' 1, 736
' 4, 599 ' 4, 709
'720
'691
' 1, 742 '1,736
4,901
'681
'1,800
4,663
664
1,824
'201
' 1, 019
'208
'1,134
'209
'966
'203
'1,083
'207
'1,085
'220
'1,126
221
959
'682
'266
'319
'97
'1,142
'618
'228
•'296
'1,327
'464
'274
'589
' 1, 344
'540
'256
'548
' 1, 569 ' 2, 222
'821
'551
'833
'612
'568
'406
1,399
1,003
684
-288
'32,579 '34,011 '38,381 ' 8, 436 '8,371 ' 7, 764 ' 8, 563 '8,677
'9,007
r 9, 411
'9,261 ' 9, 695 ' 10, 014
9, 156
' 6, 690
' 2, 917
5,589
3,111
101
'306
173
283
IT
' 31 ' -430 '-302 '-936
'58 ' -256
'-239 '-1,039 '-1,032
Excess of recorded receipts or payments (~-)___do
'-1,006 '-2,269 '-1,637
'103 ' -288 '-152 ' -291 '-430
Unrecorded transactions (net)
_
do__~ '-1,197 '-401 '-1,161 ' -426 ' -472 ' -160 ' -76 '-268
-574
-94
Manufacturing
Durable goods Industries
Nondurable goods industries
Mining
__ _
Railroads
Transportation, other than rail
Public utilities
Communications
Commercial and other
-_
_
Seas. adj. qtrly. totals at annual rates:
Manufacturing
do
Railroads
do
Transportation, other than rail—
-do
Public utilities
do
Communications
do
Commercial and other
do
BUSINESS POPULATION
Firms in operation, end of quarter (seasonally ad-
4
4, 755 4 4, 797
U.S. BALANCE OF INTERNATIONAL
PAYiMENTScfJ
Quarterly Data are Seasonally Adjusted
'33, 585 ' 36, 280 '40,018
Imports:
Merchandise
Military expenditures
_
do__ _. ••16,173 ' 16, 992 ' 18, 619 r 4, 097 ' 4, 053 ' 4, 058 '4,219
'738
' 755
'752
'801
'•3,078 '2,929 ' 2, 824
do
' 5, 878 ' 6, 515 ' 7, 014 ' 1, 454 ' 1, 528 ' 1, 576 '1,594
Remittances and pensions
do
Govt. grants and capital outflows. _ _ ^ _ _ _ _ _ _ d o
U.S. private capital (net)
_
Direct investments __
Long-term portfolio
_____
Short-term
___
U S receipts recorded
Exports:
Merchandise
Services and military sales. „_
' 8, 443 ' 8, 610
738
4,293
'837
'839
' 4, 551 ' 4, 260
' 3, 425 ' 4, 456
do
do.— 1,654 ' 1, 976
do__ __ 1,227 '1,695
'785
'544
,do~_.
do
'6,462
' 2, 376
' 1, 975
' 2, 111
'192
'176
' 1, 073 ' 1, 079
'891
'436
'217
' 238
'957
'514
'314
'129
'216
'1,104
'212
' 1, 294
' 1, 094 ' 1, 538
'466
'626
'586
'562
' 486
'-94
'20,604 '22,069 '25,288 ' 5, 293 ' 5, 037 '4,993 ' 5, 494 ' 5, 622 ' 5, 960 ' 6, 149 '6, 067 ' 6, 382
do
__do_~_. '9,674 '10,284 ' 11, 729 ' 2, 362 ' 2, 581 ' 2, 510 ' 2, 615 ' 2, 516 '2, 643 ' 2, 935 ' 2, 924 '2,953
1,280
Repayments on U.S. Govt. loans. _ _ _ _ _ _ _ _ _ d o
Foreign capital other than liquid funds (net).do__._ '1,021
'970
'688
' 697
'667
606
175
r
287
'466
'183
'78
'194
'260
'404
'135
189
'215
'213
r 114
' 193
'77
190
'170
U2.63 2 12. 92
'5.40.
' 2. 67
2.73
5.57
2.77
2.80
.34
.39
.60
1.82
22.35
'21.25
' 10. 45 11.20
11.20
'10.85
1. 35
1.50
2. 50
6.60
316.50
-668
Total, net receipts or payments (— )
do_. __ -2,203 '-2,670 '-2,798 ' -433 ' -711 '-1,199 '-1,108 '—210 ' -153 ' -257 ' -582 ' -593 '-1,366
Net receipts or payments (— ), incl. transactions in
nonmarketable, medium-term convertible Govt.
-617
securities
mil. $ _
'-849 '-955
'-35 ' -128 ' -257 '-460 '-390 '-1,316
'-1.967 '-2.423
r
* Unadjusted. Data represent firms in operation as of Jan. 1; estimate for Jan. 1, 1963
Revised,
» Preliminary.
1
is based on incomplete data.
fSee corresponding note on p. S-l (revisions for qtrs. of 1961
Estimates for Apr.-June 1965 based on anticipated capital expenditures of business.
2
appear on p. 8 ff. of the July 1964 SURVEY).
Estimates for July-Sept. 1965 based on anticipated capital expenditures'of business.
.Personal saving is excess of disposable income over personal consumption expenditures
Anticipated expenditures for the year 1965 are as follows (in bil. $): All industries, 50.40;
shown as a component of gross national product on p. S-l.
manufacturing, total, 21.78; durable goods industries, 10.89; nondurable goods industries,
c^More complete details are given in the quarterly reviews in the Mar., June, Sept.,
10.89; mining, 1.32; railroads, 1.63; transportation, 2.64; public utilities, 6.67; commercial and
and Dec. issues of the SURVEY.
other (incl. communications), 16.36. 3 includes communications.
1 Revised data for 1960-61 appear on p. 10 of the June 1964 SURVEY.
SUEVEY OF CURRENT BUSINESS
June 1965
ifnless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1 1964 P
Monthly
average
S-3
1964
Apr.
May
June
July
Aug.
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May*
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates:!
Total personal income
bil. $
»4611
1
491. 4
486.6
487.8
489. 3
491.4
494.9
497.9
498.7
502.3
505. 9
2508.2
510.2
511.0
513.8
'515.0
517.0
Wage and salary disbursements, total— do...
312.1
331.6
327.7
328. 7
330.1
331.8
334.6
337.2
337.3
340.4
342.6
344. 7
347.3
349. 6
'349.9
351.6
Commodity-producing industries, total.do...
Manufacturing only
.
___— do___
Distributive industries
—- -_- do
123.3
98.0
80.3
129. 8
103.0
84.9
128.8
102. 3
83.7
128.7
102.3
84.2
129.4
102.7
84.6
129.9
103.0
85.2
130.8
103.8
85.7
132.1
105 1
86.3
130.7
103 4
86.8
133.2
105.6
87 3
134.6
106.8
87.7
135.6
108.0
88.2
136.7
108.8
89.0
138.0
109.9
89. 6
'137.4
'109.6
'89.9
138.0
110.1
90.4
Service industries
49.3
59.2
13 1
52. 6
64. 2
14.1
52 1
63.0
13.9
52.3
63.4
14.0
52.4
63.8
14.1
52.6
64.1
14.2
52.9
65.1
14.2
53 4
65 4
14.3
53.7
66.0
14.4
53.9
65.9
14.5
54.1
66.2
14.5
54.4
66. 5
14.6
54.8
66.8
14.7
55.0
67.1
14. 7
'55.2
67.4
14.8
55.5
67.7
14.8
37.6
13.0
39.3
12.7
39.0
12.5
39 1
12.6
39.3
•12. 6
39.5
12.4
39.6
12.6
39.7
12.7
39.8
12.7
39.9
12.9
40.1
13.1
40.3
12.7
40.4
12.2
40.5
11.9
40.6
12.1
40.7
12.3
12.3
18.0
32.9
36.7
12. 4
19.8
36.0
38. 2
12 4
19.8
35.5
38.2
12.4
19. 8
35.7
38.0
12.4
19.9
35.9
37.6
12.4
20. 0
36.0
37.8
12.4
20.0
36.2
38.0
12.4
19.9
36.5
38.0
12.5
19.9
36.7
38.3
12. 5
19.9
36.9
38. 4
12.5
20.6
37.2
38.5
12.5
20.4
37.4
240.8
12.5
20. 6
37.6
38.9
12.5
20.7
37.8
39.2
12.5
'20.8
38.0
'39.5
12.5
20.8
38 2
39! 3
13.2
'13.3
13.3
500.4
.
do
Proprietors' income:
Rental income of persons.
Dividends
_—..._
Personal interest income
-
.'. do...
_____ .do...
do
Less personal contributions for social insurance
bil. $.
Total nonagricultural income
•-
-- do
11.8
12. 7
12.5
12.5
12.6
12.7
12.8
12.9
12.9
13.0
13.1
13.2
13.2
446.6
474.2
469.7
470 7
472.1
474.4
477.8
480. 6
481.4
485.0
488.6
2493.2
494.5
497.6
'498.6
3,218
3,243
2,533
2,314
2, 512
2,726
3,431
3,743
5,240
4,208
3,635
3,369
2,496
2,709
2,549
3,077
1,420
1, 657
403
952
275
3,062
1,402
1, 661
415
939
279
2,434
781
1,653
427
931
256
2,294
723
1,571
452
819
260
2,495
970
1, 525
418
827
254
2,683
1,121
1,562
400
873
272
2,925
1,315
1,610
396
902
296
3, 486
1,717
1, 769
388
1.054
308
4,603
2,620
1, 983
420
1,216
330
4,103
2,324
1,779
409
1,052
306
3,585
1,914
1,671
427
933
288
3,283
1,630
1,653
430
932
255
2,359
864
1,495
408
826
226
2,459
740
1,719
448
974
253
2,466
804
1,662
438
916
267
115
124
108
114
122
108
91
68
107
85
63
102
93
85
99
100
98
101
109
115
105
130
150
115
171
228
129
153
203
116
133
167
108
122
142
107
88
75
97
91
64
112
92
70
108
115
118
113
118
117
118
91
52
120
88
48
H7
101
84
114
110
107
112
117
120
114
133
149
122
175
221
141
157
196
128
137
161
119
127
143
115
87
66
102
89
49
119
86
48
114
FARM INCOME AND MARKETINGS*
Cash receipts from farming, including Government
payments (48 States), total|_.
^___._mlL $.
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, unad justed :J
All commodities
.............1957-59=100.
Livestock and products..
_
do—
Indexes of volume of farm marketings, unadjusted:}
All commodities
.......1957-59=100.
Crops
...
...
..
.
__do
Livestock and products...— —
_
do—
INDUSTRIAL PRODUCTION cf
Federal Reserve Index of Quantity Output
Unadj., total index (incl. utilities)^.. 1957-59=100.
By industry groupings:
Manufacturing, total
...
do
Durable manufactures
do
Nondurable manufactures.......
...do— .
Mining
do
Utilities.....
_
........doBy market groupings:
Final products, total...
_
do—
Consumer goods
do
Automotive and home goods— _._— do
Apparel and staples...— _ _ _ _ _ _ _
doEquipment, including defense
....do
Materials ....
„
do
Durable goods materials
______
do —
Nondurable materials
,
do— -
124. 3
132. 0
131.7
132.3
133. 9
127.6
132.9
136.5
135.0
135.9
135.2
136.8
' 139. 0
124.9
124.5
125.3
107.9
140.0
132.9
133.2
132.4
110.9
150.5
133.0
134.1
131.7
109.8
133.7
134.8
132.3
111. 7
135.2
136.4
133. 6
112.6
127.9
128.8
126.7
107.0
133. 1
129. 6
137.4
113.0
137. 4
136.8
138.2
113. 3
136.0
132. 2
140.8
114.5
137. 4
138. 6
135.8
113.3
136.2
140.4
131.0
111.9
137. 6
140.6
133.8
111. 0
'140.4
143.3
' 143. 4 ' 147. 0
-•136.5 r 138. 6
' 110. 8
110. 9
124.9
125.2
134.4
122.3
124.2
131.5
131.3
142.1
127. 8
132.0
130,7
130.3
148. 3
124.6
131. 5
130.5
130.0
145.9
124.9
131. 8
133.3
133.2
149.6
127. 9
133. 5
127. 5
126.3
128.6
125.6
130.1
131. 4
131. 5
117.1
136.1
131.1
136.1
137.1
144. 0
135.0
134.0
134.9
136.0
135. 6
136.2
132. 4
135.1
134.8
152.5
129.1
135.7
134.6
132. 6
155.5
125.3
139.0
136.5
135.7
156. 3
129.1
138. 3
123. 7
121. 2
126.3
132.5
131.0
134.0
132.6
131.2
134.0
133.9
133.9
133.9
134.5
134.9
134. 1
127.8
127.7
127.8
134. 2
132. 6
135.9
136.8
136.3
137.3
135.0
131.3
138.9
136.6
135.4
138.0
135. 8
135. 0
136. 6
138.1
137.4
160.8
129.9
139.8
r
141. 5 ' 141. 4
'140.6
' 140. 1
' 167. 1
131.5
'141.6
142. 5
'143.3
'147.3
' 138. 3
'112.3
144. 6
148.2
140. 1
114.4
'138.5
' 137. 0
' 162. 0
139. 7
137.9
161
' 141. 7
143.6
144.8
146
144
124.3
132. 0
130.5
131.3
131. 6
132.9
133.8
134.0
131. 2
135. 0
137.7
137. 0 '139.7 '142.4 ' 144. 0
135.7 ' 138. 7 '142.9 ' 144. 3
138. 3 ' 140. 8 '141.8 '143.8
138. 4 r 139. 1 140.5
140. 8
124. 9
132.9
131.4
132.2
132.4
133.9
134. 5
134.9
131. 7
136.0
139. 1
140.0
140. 6 ' 142. 1 ' 142. 3
142.8
Durable manufactures 9 ______ ..........do— 124.5
Primary metals
.do- 113.3
Iron and steel— ... ........
do
109.6
Nonferrous metals and products do- 126.7
Fabricated metal products
____do— 123.4
Structural metal parts.
__do— 120.2
Machinery
.
do
129.2
Nonelectrical machinery. ..........do- 126.9
Electrical machinery
.do- 132.3
Transportation equipment
do- 127. 0
Motor vehicles and parts
...do- 146.1
Aircraft and other equipment..
do— 109. 5
133.2
128. 2
125. 6
137.6
132.6
130. 3
131.6
123.8
123.7
138.5
129.5
129.2
132. 6
127.1
127. 8
135.0
130.3
128. 1
133.2
126.1
125.2
132.8
130. 6
129. 6
135.0
131.2
130.4
135.9
133.3
131. 2
135.7
132.8
132.2
133. 0
134.8
131. 0
135.2
132.8
129.1
138.5
134.3
131. 7
129.4
131. 8
130. 3
133.9
130. 7
128.6
136. 7
134. 6
133.4
140.3
136.9
135. 8
140.6
137.9
135. 7
150. 9
139. 7
137.2
141.9 '142.6
144.7 '145.1
139. 6 '136.9 ' 140. 5 141.0
137. 1 f 137. 0 ' 139. 7
141. 4
148.0
149. 0 ' 156. 8 151.1
140.6 ' 144. 9 ' 145. 0 ' 147. 5
137. 0
140.9 '144.1
144.3
145.8
140
141
148
143
141.0
141.8
140.0
137.5
138.1
13.6. .8
138.5
139.6
137.0
140. 1
141. 9
137. 7
141.9
143.6
139.7
142.8
144.1
141.1
144. 1
145.0
142.9
144. 7
145.4
143. 8
147.4
148.2
146.3
149.3
149. 9
148.5
150. 4
151.4
149. 2
152.3 '153.6 ' 155. 1
152. 7 ' 153. 8 '155.2
151.7 ' 153. 4 ' 155. 0
156
156
156
130.7
150.1
112.4
133, 0
156. 2
112.0
134.1
157.4
112. 8
134. 9
158. 3
113. 4
134.3
158.6
111.7
135.3
160.9
111.5
130.9
150.1
112.7
105.3
96.2
110. 8
129.2
143. 9
114.5
140.3
167.4
115.0
141.4
169.1
115.5
139. 7
167.7
114.1
144.4
176.4
115.3
143.8
172.3
117.9
146
173
122
130. 2
117.5
108.9
133.1
125.0
136.4
126.0
112. 7
143.4
133.3
134.7
125.2
115.4
139.8
131.4
134.6
124.3
114.9
140.5
131. 9
134.8
126.6
109.0
142. 8
133. 2
136.4
126.4
116.1
143.2
133.8
137.4
125.6
114.1
144.4
133.4
138. 6
127.0
109.7
144. 1
132.6
137.6
126.9
110.8
147.4
135.9
140.2
127. 7
109.2
149.3
137. 4
142. 0
130. 2
105. 5
151.5
139.1
142.7
132. 6
111. 9
150. 6
139. 6
145.3
131.8
115.6
154.3
140.8
146. 9
129.2
120. 5
154. 3
142.4
145.5
129. 8
114.0
155. 4
142.7
145
131
125.3
116. 9
125.6
99.8
125.1
132.4
122. 8
134.0
100. 7
133.4
131. 1
119.4
130.5
98.4
132.9
131. 7
119.3
132.8
104.7
134. 3
131. 5
119.2
133.8
97.3
130.1
132. 5
121.5
134.4
103. 5
132.8
133.1
123.5
135.1
103.1
132.8
134.4
125.8
135.8
100.3
135.5
134. 5
127. 5
137.2
102.4
137.0
135.2
129. 6
139.1
103.2
133. 8
137. 3
130.9
140. 6
103. 3
140.2
137. 6
132.1
142.2
103.6
137. 7
138. 1
131. 4
143. 7
101.2
137.5
138.8
130. 9
144.0
99.2
139.0
138.8
131.6
8eas. adj., total index (incl. utilities) cf...— __do—
By industry groupings:
Manufacturing, total
do
Instruments and related products. . . .do—
Clay, glass, and stone products.
do
Lumber and products......
.do.—
Furniture andfixtures.__
..doMiscellaneous manufactures..
.do—Nondurable manufactures .... ......do.. ._
Textile mill products. ........ ....do
Apparel products. _ _ _ .
„_
.do— —
Leather and products. ___..._
do—
Paper and products......... .___.___. do—
'Revised. *• Preliminary. 1 The tptal and components are annual totals. 2 italicized
total for Jan. 1965 excludes stepped-up rate of Government life insurance dividend payments
to veterans; total disbursements of $165 million put on annual rate basis (multiplied by 12)
amounted to .$2.0 billion. Figures for transfer payments and total nonagricultural income
reflecting.snmlar exclusions are as follows (bil. .$): 38.8 and 491.2. fSee corresponding note on
p. ^-1. {Kevised series. Dollar figures and indexes of cash* receipts revised beginning 1961
(indexes shifted to 1957-59 base). Physical volume indexes revised beginning 1955 to reflect
r
141. 3
156
143
139.1
140.7
change to the 1957-59 reference base and incorporation of latest Census revisions. Data prior
to May 1963 appear in the Dept. of Agriculture publication, Farm Income Situation, July
1964. 9 Includes data for items not shown separately, cf Industrial production indexes revised
beginning Jan. 1961 (seas, adjusted data incorporate new seasonal factors); seasonally adjusted
data for 1961-63 for selected groups appear on pp. 31-32 of the June 1965 SURVEY. Unadjusted
data prior to July 1963, as well as seas. adj. data for groups not shown in the tables, will be
published later.
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963 j 1964 P
Monthly
average
June 1965
1965
1964
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May*
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Federal Reserve Index of Quantity Output— Con.
Seasonally adjusted indexes© — Continued
By industry groupings— Continued
Nondurable m anuf aetures— Contin ue d
Printing and publishing.... ..1957-59 =100..
Newspapers.
_
do _
Chemicals and products.
do__
Industrial chemicals.do
Petroleum products
do
116.4
108.0
148.6
162.7
117.1
123.2
117.0
159.4
178.0
121.0
123.6
117.2
157.0
176.7
120.8
123.9
117. 1
156.7
173.7
122.0
124.1
117.2
159.6
176.3
122.1
124.5
120.0
158.7
177.1
124.6
124.3
118.3
160.8
178.7
121.2
123. 0
115.9
165. 0
184.9
120. 4
123.6
116.3
162.5
179.9
122.9
123.9
117.5
163.0
182. 6
121. 6
125.6
119.6
166.5
188.2
120.6
126.6
127.7 ' 128. 5 ' 128. 5
121. 0
120. 7
120. 9
120. 7
166.9 '167.8 ' 169. 4
168.8
186. 3 ' 188. 2 190.5
119. 0 ' 121. 5 ' 122. 2
121.9
do
do
do
do
do
140.0
116.9
116.8
117.8
115.2
155.7
120.6
120.2
123.2
120.8
149.4
120.6
120.0
124.1
127.5
152.2
.120.0
120.2
119.2
129. 2
153.4
119.6
119.5
120.1
118.1
155.2
120. 0
118. 9
125.8
127. 5
158.2
120. 4
119.1
127.6
121.4
162. 4
120.0
119.1
124.6
120.6
161.0
120. 7
120. 2
123.3
123. 3
160.5
122.8
122.6
124.1
121.0
164.0
123.5
122.9
126.9
125.4
167.2 ' 171. 1 173.3
123. 6
123. 2 ' 123. 0
123.0
122.5 ' 122. 2
127.5
126.9
126.7
127.2
122.2
123.5
do
do
-do _
_do__
do
107. 9
102.5
107.9
108.1
112.3
112.1
110.9
104.3
110.4
109.8
117.3
118. 7
109.9
98.7
110. 0
109.6
124.2
114.3
111.3
106.1
110.7
110.1
119.4
116. 8
111.4
105.1
110.8
110.2
119.2
119.2
110.9
105.0
111.1
110.3
107.7
120.2
111.9
107. 9
111.3
109.8
112.2
121.7
111.9
105. 1
112.3
111. 1
111.3
119.6
112.0
109.2
111. 1
110.8
115.7
119.7
112.7
108.7
110.4
110.2
127.1
123. 9
112.3
107.2
110.7
110.9
121.8
123.4
112. 1 ' 111. 5 ' 112. 3 ' 112. 4
103. 1 ' 107. 9
107. 7
103. 2
110.1 ' 110. 3 111.1 111.3
109.8
108.6 ' 110. 5 ' 110. 8
126. 7 '123.4 '124.3
122.8
120.8
118.5
122.9 '124.1
114.4
114
112
112
do
do
do
140.0
142.6
131.9
150.5
153. 6
140.7
147.5
151.3
138.9
148.3
151.4
149.7
154.5 153. 2
152.3
157.2
153.6
155.5
159.3
' 141. 5 ' 143. 2 ' 145. 0 ' 146. 0 ' 147. 1
153.8
157.4
148.3
152.3
155.0
148.9
154.7
158.1
149.6
155.6 ' 157. 4 ' 159. 7 ' 160. 0
157. 3 ' 159. 6 162.4
160.0
do
do
do .
124.9
125.2
134.4
131.5
131.3
142. 1
130.6
130.8
142.4
131. 1
131.0
142.9
131.7
131. 5
143.5
132.3
132. 1
145.0
133.3
133.1
146.6
132.5
132.0
141.8
130.3
129.2
127.3
134. 6
133.6
145.2
137.4
137.0
155.5
138.0
138. 2 ' 139. 5 ' 139. 1
137.9 ' 137. 7 ' 139. 3 '138.3
156.9
156.8 ' 161. 2 ' 157. 5
140.2
138.8
158
Automotive products
. do
Autos
__do__
Auto parts and allied products do
141.2
149.5
130.2
145.1
150.6
138. 0
149.3
160. 0
135.2
151.4
160.3
139.6
151.7
161.7
138.4
152.6
162.6
139.3
155.8
165.0
143.8
144.7
146. 0
143.0
105. 9
83.0
136. 1
143.0
145.1
140. 2
166.2
183.0
144.0
165.7
182.8
143.1
Home goods 9
Appliances, TV, and radios
Furniture and rugs.
do
do
do
129.6
125.1
131.3
139.9
134. 2
142. 4
137. 7
130.7
139.7
136.9
129. 7
141.0
137. 8
131.0
141.9
139.7
131.1
144.7
140.1
133.3
144.2
139.8
136.8
141. 0
142.4
139.0
145.5
146.7
143.2
148.3
148. 0
143.1
149.7
150.8 ' 151. 9 '152.9
144. 9 '146.6 ' 148. 5
150.6
152. 6 '152.7
Apparel and staples
... do
Apparel, incl. knit goods and shoes-do
Consumer staples
do
Processed foods
do
122.3
117.6
123. 7
116.6
127.8
123.8
128. 9
119. 9
127.2
121.5
128.8
120. 8
127.2
123.2
128.3
120.2
127.7
123.4
128.9
119.4
128.0
124.0
129.1
118.4
128.9
124.9
130.0
118.7
128. 9
125.3
129. 9
118. 7
129.8
126.6
130.7
120. 0
129.9
127.5
130.5
122.0
131.2
128.8
131.8
122.5
131.9 ' 131. 7 132.8
131.1
130.6 ' 130. 6
132.3 ' 132. 0 '133.3 '132.3
122.3
121.2 ' 122. 1 122.0
Beverages and tobacco.
_do
Drugs, soap, and toiletries
__do
Newspapers, magazines, books. __ do... _
Consumer fuel and lighting
do
116.9
140.1
117.8
133.5
122.4
146.9
123. 7
141.2
125.2
142. 8
126.7
138.5
122.6
144.5
124.7
138.7
119.4
150. 5
125.5
140.6
126.4
146.7
123. 5
142.8
125.5
149.1
123.2
145. 7
123.3
152.6
121.3
144.4
123.3
151.9
121.8
145. 8
123.1
149,7
122.8
142.4
126.4
151.8
124.3
143.2
127.4
125.3
125.6
154.2
152.8 ' 154. 2
125.3 ' 128. 6
125.8
147.3
144.0 '146.3
Equipment, including defense 9
do___
Business equipment...
_
do
Industrial equipment
_
do
Commercial equipment
do....
Freight and passenger equlpment__do
Farm equipment
._do
124.2
128.3
123.0
142.4
132.2
121.6
132.0
139.0
136.9
145.3
141.0
132.4
130.7
136. 5
133.9
143.1
140.8
126.6
131.3
138.0
135.7
141.9
143.9
130.7
132.0
139.0
137.6
143.7
141.3
129.1
132.7
140. 0
138.5
145.7
141.9
127.9
133.6
141.6
139.6
145.5
144.9
139. 9
133.7
141.8
140.4
147.6
141.0
136.0
132.6
140.7
140.4
149. 3
128.6
145.1
136. 8
146. 2
144.5
151.0
149.1
138.0
138. 3
148.4
145. 9
152.4
155.2
140.5
138.2 ' 139. 4 '140.0
149.1 ' 149. 7
147.8
144. 8
147.1 ' 148. 3
156. 2 ' 159. 1
152.5
150.7 ' 148. 2
154.0
137.8
139. 6
144.3
do
do
do
do
do
123.7
121.2
137.2
125.4
116.3
132.5
131.0
145.4
134.2
124.4
130. 6
129.0
144.1
131.6
123.8
131.3
129. 8
143.8
132.9
123.5
131.8
130.8
148.1
133.3
122.8
133.6
132.7
150.2
133.8
125.7
134.7
134. 1
167.0
135.7
125.7
135.6
135.6
153.1
137.1
125. 8
132.2
128.1
113.2
137.2
123.8
135.7
134.5
146.7
138.9
126.6
137.7
136.2
155. 6
141.3
127.3
139.1
138.1
159.6
142.6
128. 5
' 139. 7
' 139. 0
'164.9
143.8
'130.8
do
do
do
do
126.3
120.3
120. 2
120.4
134. 0
127. 1
127.7
126. 9
132.3
126.1
127. 0
125.7
132.8
126.5
128.2
125.7
132.9
124.9
123. 8
125. 4
134.6
126.9
125. 0
127.9
135.2
127.1
125.6
127.8
135.7
125.9
125.4
126. 2
136. 3
128. 7
131.6
127.3
137.0
128.9
132.1
127.3
139.3
132.6
135. 1
131.4
140.1
133.9
136.2
132.7
'
'
'
'
141.9
135. 5
138.0
134.2
142
Business fuel and power 9
do
117.2
122.3
Mineral fuels
;_
do
109.3
111. 7
Nonresidentlal utilities. __
_ _ _ do._._ 138.7
149.4
BUSINESS SALES AND INVENTORIES §
Mfg. and trade sales (seas, adj.), total Jf
mil. $_, 168,002 172 647
120.7
110.3
147.9
122.2
112.1
148.9
122.7
112.2
149.7
123.0
112. 4
149.8
123. 4
112.7
150.9
123.7
113.0
150.6
123.9
113.3
150. 6
123.9
112.8
151.4
125. 1
113.0
154.9
124.6 ' 123. 7 '125.4 '127.0
113.6
112.4 ' 110. 8 112.1
158.4
155.9
154.7
128
116
Rubber and plastics products
Foods and beverages
_
Food manufactures __
Beverages
..
Tobacco products
Coal
Crude oil and natural gas _
Crude oil
;.
Metal mining
Stone and earth minerals...
Utilities
Electric
Gas
—.
_
_ _
.
By market groupings: ©
Final products, total ._
Consumer goods .
Automotive and home goods
Materials ...
Durable goods materials 9
Consumer durable
Equipment
Construction
_.
_
Nondurable materials 9
Business supplies
Containers
General business supplies
Manufacturing, totalf
_.
Durable goods industries..
Nondurable goods industries. __
_
do
34, 774
do
18,071
do..__ 16,704
Retail trade, total t
do
Durable goods stores
__. do
Nondurable goods stores
_.
do
Merchant wholesalers, totalf c?~
do
Durable goods establishments
_do
Nondurable goods establishments^ _ _ _ _ _ _ d o
Mfg. and trade inventories, book value, end of year
or month (seas, adj.), totalf
—
mil. $
Manufacturing, totalf
Durable goods industries
Nondurable goods industries..
do
_,_.
do
___do
20, 536
6,675
13, 861
12, 692
5,244
7,448
140. 5
134. 3
129. 6
136. 7
' 140. 9 143.1
153
' 150. 7
148.4
161.2
150.0
71,787
72, 660
72, 187
73, 693
73, 204
73,358
72,131
73,371
76,277
75, 913
75, 956 ••77,815
77, 548
37, 167
19,359
17,808
37. 186
19, 138
18,048
36,791
19, 023
17, 768
37, 963
19, 861
18, 102
37, 168
19, 164
18,004
37,312
19, 284
18, 028
36, 811
18, 633
18, 178
37, 514
19, 291
18,223
39, 318
20, 559
18, 759
38, 885
20, 415
18, 470
38,693 '40,285
20, 374 '21,284
18, 319 '19,001
40, 074
20,963
19, 111
21,802
7,093
14, 709
13, 715
5,749
7,967
21,392
7,010
14,382
13,228
5,506
7,722
21, 777
7,218
14, 559
13, 697
5,766
7,930
21, 773
7,002
14,771
13, 623
5, 749
7,874
21,935
7,060
14, 875
13, 795
5,800
7,995
22,266
7, 324
14, 942
13, 770
5,848
7,922
22, 254
7,541
14, 713
13,792
5,776
8,016
21, 383
6,496
14, 887
13, 937
5,801
8,136
21,661
6,695
14,966
14, 196
5,977
8,219
22, 781
7, 645
15, 136
14, 178
5,982
8,197
22, 900
7,855
15, 045
14, 128
6,069
8,060
23, 317
7,966
15, 351
13, 946
6,098
7, 848
105,127 109, 026
106,371 106,507
60, 147
36, 028
24,119
60, 531
36,277
24, 254
62, 944
38, 412
24, 532
60, 528
36, 300
24, 228
'22,805
'7,669
' 15, 136
' 14, 725
' 6, 240
' 8, 485
133
152.8
127.8
' 141. 3 '142.3
' 142. 7 ' 142. 8
'166.3
163.6
' 146. 9
147. 5
133.5
130.6
'
'
'
'
168
185
151.0
146.3
152.0
37, 129
19, 231
17,898
142.4
142
22, 901
7, 564
15, 337
14, 573
6,218
8,355
106,621 106,634 106, 716 107,323 107,367 108,093 109,026 110,012 110,329 '111,316 111, 996
60, 398
36, 492
23, 906
Retail trade, totalf
do
29, 383 29,621 29, 961 29, 926 30, 180
Durable goods stores. ...
do
12, 509 12, 220 13, 045 13, 024 13, 079
Nondurable goods stores
do
16,874 17, 401 16, 916 16, 902 17, 101
Merchant wholesalers, totalf d*
do
15, 597 16, 461 15,879 16, 053 16, 043
Durable goods establishments
do
8,740
8,447
8,519
8,618
9,077
Nondurable goods establishments^"do
7,435
7, 304
7,150
7,360
7.384
'Revised.
* Preliminary.
1 Total and components are based on unadjusted data.
©See note marked "c?" 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.
Unadjusted data for manufacturing are shown on p. S-5; those for retail trade on p. S-ll.
* t M •Jn^te ma?ed "t" on p. 8-4 of the Nov. 1963 SURVEY. fRevised series. For a
detailed description of the changes affecting these series and data for earlier periods, see
123.2
122.6
173.1 ' 166. 8
163.8
194.2 ' 183. 5
178.9
143.9 ' 145. 2 144.9
140. 3
135. 6
137. 9
134. 4
129
60,488
36, 597
23,891
60, 763
36, 790
23, 973
61, 019
37, 037
23, 982
61, 777
37, 517
24, 260
62,377
38, 040
24,337
62, 944
38, 412
24, 532
63,213
38,495
24,718
63,382 ' 63, 708 63, 961
38, 692 '38,972 39, 198
24,690 '24,736 24, 763
30, 129 29, 967 30, 082 29, 314 29, 332 29, 621 •3.0, 025 30, 080 '30,544 30, 925
12, 924 12, 762 12,867 12, 076 12, 066 12, 220 12, 583 12, 703 '13,078 13, 311
17,205 17,205 17, 215 17. 238 17, 266 17, 401 17, 442 17, 377 ' 17, 466 17,614
16,017 15, 986 16, 222 16, 276 16,384 16, 461 16, 774 16, 867 '17,064 v!7, 110
8,710
8,703
9,002
9, 443
8,871 8,949
9,077
9,275
9,323 '9,428
7,307
7.284
7.352
7.328
7.384
7.381
7.499
7. 544 ' 7. 635 7.667
pp. 16-19 of the Dec. 1963 SURVEY; see p. 28 of the Sept. 1964 SURVEY for current revisions
(Jan.-June 1963) affecting the retail inventory and total manufacturing and trade inventory
series.
cf Total manufacturing and trade sales and inventories and merchant wholesalers
sales and inventories have been expanded to cover all merchant wholesalers, including wholesalers of farm product raw materials; also, seasonally adjusted data beginning Jan. 1960 for
merchant wholesalers' sales and inventories revised to reflect new seasonal and trading day
factors. Revisions for earlier periods appear on p. 24 of the May 1964 SURVEY.
SURVEY OF CURRENT BUSINESS
June 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
1964
Monthly
average
S-5
Apr.
May
June
July
Aug.
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES— Con.
Inventory-sales ratios:
Manufacturing and trade, totalt§ - - - -ratio. -
1.50
1.47
1.48
1.47
1.48
1.45
1.46
1.46
do
-_____do
do do
_. _ _do__--
1.69
1.64
1.91
1.64
1,92
1.59
1.84
1.64
1.92
.57
.79
.54
.56
.78
.53
1.63
1.90
1.63
1.92
.59
,80
.55
1.63
1. 87
__do_
do-_-~
do
do
1. 41
1.35
.53
19
.62
1.36
.59
.20
.63
Retail trade totalJI
do
Durable goods stores
do
Nondurable goods stores —'-. ---do- —
Merchant wholesalers, totalfcf
,_
do-_-_
Durable goods establishments
do.
Nondurable goods establishments a* -do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:*
Durable goods industries (unadj.), total mil. $__
1. 39
1,79
1.20
1.18
1.58
1.37
1. 79
1.16
1.17
1.51
Manufacturing, total§ Durable goods industries
Purchased materials
Goods in process
Finished goods
Nondurable goods industries.
Purchased materials
Qoods in process
Finished goods
Shipments (not seas, adj.), totalfDurable goods industries, total 9
Stone, clay, and glass products
Primary metals
Blast furnaces, steel mills
Fabricated metal products
.-
1.94
.90
.92
.57
.79
.54
.57
.80
.55
.55
.77
.52
1.45
1. 43
1.44
1.60
1.87
1.63
1.89
1.64
1.90
1.58
1.83
•-.57
. 75
1. 60
1.87
1.30
1.30
60
.82
56
57
.77
.52
.57
.77
.52
1. 34
1. 31
1. 34
58
.79
.53
1.35
1.32
.53
19
.62
.51
19
.62
.52
.19
.62
1.40
1.86
1.18
1.20
1.55
1 39
1.87
1.16
•1,18
1.52
1.37
1.83
1.16
1.16
1.50
1.35
1.74
1.15
1.16
1.49
.95
1 37
1 80
1.16
1.17
1.49
. 94
778
777
797
681
693
760
762
782
839
615
733
36,001
38,874
38, 397
37 700
37 631
36 384
39 380
19,759
1,057
3,331
1,812
2, 094
19 243
1,066
3 337
1 828
2,047
19 363
19 969
18 924
2 983
1,668
1,911
17,707
1,040
3,111
1,745
2, 029
3 354
1 853
1 904
3 347
l' 854
1 931
2, 683
2,305
4, 387
2,762
2,610
2,452
3,572
1,961
2,834
2,660
4,801
3,040
2 781
2 670
4,331
2, 618
2 726
2 610
5, 006
3 266
2 883
2 635
5, 646
3,744
.93
.91
750
38, 091
37 465
38, 622
34, 774
do
18, 071
947
do
2,944
do
1,586
do
*._____do-.-- 1,877
19,231
20 242
19 781 20 542
1,017
1,070
3 333
3 318
1 815 1,775
2, 075
1,975
17, 895
987
3 370
1 843
1,989
2 957
Machinery, except electrical _
do___- 2,517 2, 808
3 114
2 939
Electrical machinery
do __- 2,398 2,517
2,605
2, 440
2 498
Transportation equipment. .
.... do
4,848
4,969
5,304
5,431
5,619
3,204
3, 154
Motor vehicles and parts
do
3,563
3,495
3,748
583
Instruments and related products.
-do
627
604
656
609
Nondurable goods industries, total 9 _ _ _ do
16, 704 17,898 17 849 17 684 18 080
6,324
5, 832
Food and kindred Droducts-...— .
do.
6,247
6,429
6 101
391
425
Tobacco products
do
383
399
379
1,484
Textile mill products - --.
do
1,378
1 428 1 506
1 463
Paper and allied products •_____
___do
1,355
1,426
1,390
1,468
1 427
Chemicals and allied products
do
2, 568
2,798
2,953
2,854
2,992
Petroleum and coal products
_ _ _ _ _ _ d o _ _ _ 1,451
1,516
1,501
1,540
1,484
Rubber and plastics products.
do
772
851
863
910
901
Shipments (seas, adj.), totalf ---- - do
37 167 37 186 36 791
By industry group:
Durable goods industries, total 9
do
19 359 19 138 19 023
Stone, clay, and glass products
do
929
940
952
Primary metals
.., do
3,154
3,102
3,174
Blast furnaces, steel mills
__
do
1 719 1 732 1 653
Fabricated metal products
__
do
1,906
1,943
1,908
Machinery, except electrical-. _
do
2,782
2 838
2 738
Electrical machinery
do
2,530
2,470
2 530
Transportation equipment
..do
5,056
5,036
5,231
Motor vehicles and parts .
do
3 272
3 271
3 468
Instruments and related products.- _do
611
619
616
Nondurable goods industries, total 9 ____ _do
17, 808 18, 048 17, 768
Food and kindred products
___do
6,325
6 279
6 202
Tobacco products
___do
389
397
394
Textile mill products
do _
1,481
1 432
1 472
Paper and allied products
do
1,395
1,399
1 404
Chemicals and allied products
do
2,818
2 827
2 736
Petroleum and coal products _ ___
do
1, 546
1 532
1 520
873
Rubber and plastics products
do
853
848
By market category:
2
2
Home goods and apparel
do
3,524
3, 479
3, 313
3, 459
3 415
Consumer staples. >_
___do_ __ 22 7, 258 2 7 866 7 766 7,865 7 802
Equipment and defense prod., excl. auto.do
2
4,
599
4,618
4,
242
4,582
4,572
2
3 676
Automotive equipment
__
do
3 571 2 3 612
3 677
3 879
2
Construction materials and supplies
_do
2, 934
2
2,
990
2,
796
2, 906
2,916
Other materials and supplies
.do—- 2 13, 594 2 14, 583 14, 619 14, 569 14, 365
Supplementary market categories:
2
Consumer durables _
ro
1 380 22 1 492
1 483 1,482
1 467
2
Defense products
<3
2 198
2 096
2 163
2 233
2 160
2
Machinery and equipment „_ ___
co
3, 483
3 215 2 3 528
3,506
3 407
Inventories, end of year or month : f
Book value (unadjusted), total.
do .__ 359,738 362,642 60,807 60, 950 60, 704
Durable goods industries, total...
do
35, 565 38, 001 36, 608 36, 785 36,815
Nondurable goods industries, total.do
24,173 24,641 24, 199 24, 165 23, 889
Book value (seasonally adjusted), totaL.._.do
360,147 62, 944 60, 531 60,528 60, 398
By industry group:
Durable goods industries, total 9 —--—do
36,028 38, 412 36, 277 36, 300 36, 492
Stone, clay, and glass products
do
1, 579
1 544
I 587
1,551
1 595
Primary metals
do
6,014
5,954
6 111
6,019
5 918
Blast furnaces, steel mills.
do.— 3, 533 3,707 3, 547 3, 594 3,628
3,951
Fabricated metal products
do
3,971
3 962
3 999
4 251
Machinery, except electrical......— do
6,963
6,955
7,035
6,910
7,558
Electrical machinery
.
__do
5,062
5,055
5,094
5,061
5,388
Transportation equipment
do
7,389
7,446
7 331
7 428
7 908
Motor vehicles and parts
do
2,713
2,716
2,610
2,716
3,013
Instruments and related products.-do
1,540
1,527
1, 540
1,468
1, 619
2
' Revised.
i Advance estimate.
Based on data not seasonally adjusted.
3 Total
and components are end-of-year data, t See note marked "f" on p. S-4 of Nov. 1963 SURVEY.
§ See note marked "t" on p. S-4.
cf See corresponding note on p. S-4.
*New series. Represents estimated total value of durable goods products directly exported by durable goods manufacturers; data prior to Oct. 1962 are not available. t Revised
series. Effective with the Dec. 1963 SURVEY, data reflect the following major changes: Introduction of the Annual Survey of Manufactures as the new benchmark, revision of sample de-
1.66
1.97
1.45
.53
.19
.62
37,129
960
.61
84
.57
1.43
1.34
678
3,236
1, 770
1, 962
1.33
1.68
2.01
57
.80
.54
1.47
.54
.19
.63
34, 774
do
.57
.81
.54
1.49
984
.92
590
636
16 879
6,104
18,294
6,422
1.33
1.33
.52
19
62
.53
19
62
1 35
1.71
1.17
1.18
1.54
1 37
1.86
1.16
1.17
1 54
.92
656
19,115
6,769
.90
680
19 154
6 795
.53
19
.61
1 35
1 80
1.15
1.15
1.51
.90
964
.51
19
61
.52
19
.63
1 36
1 60
1.15
1.16
1. 52
1 31
1 60
1.16
1.19
1. 53
.90
837
654
691
18 337
6 433
17 662
6 346
1 596
1 470
2 761
1 547
1 494
1 433
2 606
1 560
39 318
1.35
.50
19
61
52
19
63
1 29
1 59
1.13
1.21
1 53
.93
59
77
.51
.51
50
19
61
1 35
1 76
1.15
1.17
1 52
' 1 34
'1 71
1.15
r 1. 16
'1.51
.90
.96
92
'941
854
41,231
41 319
20 685 ' 21,928
860 r ••924
3 345
3 859
3 582
l' 945 2 060 r 2 245
1 757
1 947 ' 2, 012
22 019
r
806
r
3 207
3 021
2 676 '2,748
5,755 '6,176
3 832 '4,223
'704
589
650
17 460 18 695 ' 19 303
6 184
6 378 '6 578
r 394
369
399
1 444 1 601
1 636
1 441 1 559 ' 1 640
2 723
2 919 '3 073
1 542
1 545 ' 1, 530
871
'983
940
38 885 38 693 '40 285
2 695
2 407
5,300
3, 654
977
4 082
2 439
2 091
3 246
2 735
5,881
3 985
I
2l 300
i 3 600
i 5, 800
691
19 300
6 561
416
413
1 298
1,332
2,597
1,516
1,523
1,458
2, 778
1, 535
1,611
1,518
2,987
1,551
759
836
895
37 963
37,168
37, 312
36 811
37 514
19 861
19,164
932
921
19 284
18 633
19 291
3 447
1 961
2 040
2 936
2 622
5 008
3 230
'663
18 102
6 310
3,216
1,770
1,914
2,780
2, 501
5,102
3 408
3,301
1 786
1,970
2 848
2,481
4,968
3 213
661
613
638
641
661
18,004
6 478
18, 028
6 400
3 329
1 843
1* 924
2 851
2 536
4 212
2 446
' 659
18 178
6 500
18 223
6 414
18 759
6 629
1 513
1 468
2 820
1 539
1 459
1 420
2 793
1 517
1 478
1 451
2 808
1 541
1 505
1 461
2 845
1 533
1 550
1 484
2 858
1 552
1 614
1 532
2 917
1 525
922
18 470
6 446
*407
1 606
I 516
2 854
1*519
*931
20 374 '21 284 90 Qfi°i 120 700
Q44.
l' 013 ' 1 019
3 456 '3 629
3 803 13 400
9 94.^5
1 979 r 2 086
9 0^.4,
2 033 r 2 087
q f\f\i
2 898 r 2 996
2 616 ' 2 690 9 774.
5 444 r 5 859
5 422 15 600
o COA
3 628 r 3 974
fiQfi
*647
' 699
18 9319 ' 19 001 1Q . f l l
£00
6 67 r 6 566
6
AA Q
422
' 413
1 560
1 618 1 K/»/»
1 530 ' 1 598 1 KQ7
2 902 r 3 006 3 nn I.
1 519 ' 1 571 1 KOC
930
' 954
3 563
7 919
4,778
3 622
3' 045
15, 036
3 430
8 007
4,548
3 827
2 899
14,457
3 457
7 971
4,613
3 629
2 979
14, 663
3 472
8 067
4,634
2 837
2 992
14 809
3 521
7 972
4 657
3 387
3 017
14 960
3 713
8 298
4 791
3 936
3 154
15 426
3 653
8 077
4*846
3 973
3 183
15* 153
3 612 ' 3 730 3 699
8 362
7 925 r 8 213
4 806 ' 4 945 4 923
4 030 r A. 9X19
4 030
3 117 ' 3 183 3 061
15 203 r 15 822 15 999
1 550
2 187
3 706
1 455
2 060
3 514
1 466
2 150
3 587
1 477
2 171
3 621
1 497
2 129
3' 630
60 214
36, 451
23, 763
60,488
60458
36,684
23,774
60,763
60 658
36, 856
23, 802
61, 019
61
37
24
61
433
251
182
777
62 058
37 647
24 411
62,377
62
38
24
62
642
001
641
944
63 299
38*403
24* 896
63 213
63
38
24
63
36, 597
1 574
6 001
3^609
3 992
7, 070
5,069
7 497
2,825
1,534
36,790
1 586
6 056
3 670
4 006
7,161
5,086
7 531
2,796
1.533
37, 037
1 572
6 063
3 688
4 042
7,277
5,147
7 539
2,782
1. 556
37 517
1 595
6 096
3 714
4 062
7,381
5,221
7 711
2,975
1.572
38040
1 593
6 153
3 776
4 149
7 514
5 307
7 810
3 059
1.584
38 412
1 ^87
6 111
3 707
38 495
1* 595
6 161
3 744
4* 306
7 576
5 403
7 040
2 977
l!622
38 692
1 595
6 153
3 717
4 325
7 638
5 473
403
389
841
395
854
962
404
866
392
1 640
1 517
2 931
1 542
898
960
392
834
407
852
419
862
20 559
984
1 022
3 434
3 656
1 933 2 074
1 937
2 077
2 878
2 977
2 597
2 508
4*747
5 341
2 975
3 502
390
875
429
20 415
1 030
3*455
1 976
1 959
2 969
2 657
5 361
3*550
1 621 1 574
9 1Q7
2 IOC
3 73^
3 755
A OKI
7 558
5 388
7
QOS
430
1 576
1 624
3* 247
1 537
1 003
40 074.
1 567 ' 1 625 1 610
2 222 ' 2 281 2 237
3 709 ' 3 872 3 904
761
875
886
382
7 RfiQ
'
'
'
'
64 065
39 265
24 800
63 708
64
39
24
63
327
598
729
961
r 38 972
39 198
1 612
5 886
r 3 618
3 429
' 4* 420 4 514
' 7 668 7 721
'5 574 5, 634
r i 593
r 6 071
r 7 Q4.fi
o (\QK
3 147
1.653
sign, refinement of industry reporting, expansion of industry groups published, and re vision of
seasonal factors. In addition, data by market groupings are presented for the first time. Data
for shipments and new orders not seasonally adjusted are adjusted for trading day variation.
Revisions back to 1947 and a detailed description of the current revision appear in the Census
Bureau publications, "Manufacturers' Shipments, Inventories, and Orders: 1947-63 Revised, Series M3-1" and "Series M3-1, Supplement 2."
9 Includes data for items not shown separately.
3 013
1.619
3 016
1. 635
'3 052
' 1. 646
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
June 1965
1964
1964
End of
year
Apr.
May
June
July
Aug.
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
12,068
' 2, 292
"3,399
' 2, 234
16,041
1,967
' 5, 866
' 4, 696
10,863
Apr.
May
GENERAL BUSINESS INDICATORS—Continued
•
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month f— Continued
Book value (seasonally adjusted) — Continued
By industry group— Continued
Durable goods industries— Continued
By stage of fabrication:
Materials and supplies 9
niil $
Primary metals
do
Machinery (elee. and nonelec.) ...do
Transportation equipment
do
Work hi process 9
do
Primary metals
do
Machinery (elec. and nonelec.)— _do____
Transportation equipment
do
Finished goods 9 —
do
Primary metals
_
_ _ _ do
Machinery (elec. and nonelec.) ___do
Transportation equipment. _ _ _ _ _ _ do_ ___
Nondurable goods industries, total 9 _ _ _ d o _ _ _ _
Food and kindred products
do
Tobacco products
do
Textile mill products
_ _ _ — do____
Paper and allied products..
__do____
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products _ _ _ _ _ _ do____
By stage of fabrication:
Materials and supplies
do
Work in process
*.
^Q
Finished goods
do
By market category:
Home goods and apparel
do
Consumer staples
do
Equip and defense prod excl auto
do
Automotive equipment- _ _
do
Construction materials and supplies
do
Other materials and supplies
do
Supplementary market categories:
Consumer durables
_
_ _ _ _ do
Defense products _
_ _____do
Machinery and equipment
do
New orders, net (not seas, adj.) , totalf
do
Durable goods industries, total........
do____
Nondurable goods industries, total
do
New orders, net (seas, adj.), totalf----..
do
By industry group:
Durable goods industries, total 9 _- __. do
Primary metals
do
Blast furnaces, steel mills
do
Fabricated metal products
_______do
Machinery, except electrical
do
Electrical machinery.
do
Transportation equipment
do
Aircraft and parts
do
Nondurable goods industries, total
do
Industries with unfilled orders©
do
Industries without unfilled orders^
do
By market category:
Home goods and apparel
__do
Consumer staples
do
Equip, and defense prod"., excl". auto
do
Automotive equipment
__ do
Construction materials and supplies— do__
Other materials and supplies
do
Supplementary market categories:
Consumer durables. —
_do___
Defense products
do
Machinery and equipment—
do____
Unfilled orders, end of year or month (unadjusted),
total t
mil $
11, 688
2,248
3,263
2,216
15,933
2,024
5,763
4, 695
10, 791
1,839
3,920
997
24,532
6, 030
2,359
2,837
1,885
4,003
1,745
1, 176
10,830
2,280
2,962
1.930
15, 112
1,902
5, 361
4,583
10,335
1, 772
3,726
933
24,254
6, 165
2, 363
2, 789
1,789
3,926
1, 768
1, 131
10, 828 10, 866
2,249
2, 243
2,989
3, 028
1,928
1,911
15, 127 15,211
1,970
1, 969
5,348
5,385
4,523
4,533
10, 345 10, 415
1,795
1, 807
3,688
3,683
938
984
24,228 23,906
6,137
5,991
2,353
2,322
2,768
2,754
1,801
1, 812
3,935
3,910
1,767
1,732
1, 133
1,127
10,870
2,227
3,052
1,891
15,325
1,994
5,421
4,596
10, 402
1,780
3,666
1,010
23, 891
6,009
2,297
2,763
1,836
3,934
1,708
1,137
10, 917
2,219
3,055
1,918
15, 442
2,034
5,493
4,640
10, 431
1,803
3,699
973
23, 973
5,910
2,263
2,803
1,859
3,936
1,733
1,154
11, 072
2, 219
3,102
2,000
15,497
2,011
5,570
4,623
10, 468
1,833
3,752
916
23,982
5,837
2,241
2,819
1, 851
3,973
1,717
1,159
11,277
2,182
3,162
2,155
15,622
2,050
5, 636
4,602
10, 618
1,864
3, 804
954
24,260
5, 956
2,319
2,857
1,865
3,985
1,731
1,176
11,500
2,182
3,238
2, 208
15,799
2,088
5,717
4,623
10, 741
1,883
3,866
979
24,337
6,031
2,303
2,790
1, 869
4,000
1,752
1,191
11,688
2,248
3, 263
2,216
15,933
2,024
5,763
4,695
10,791
1,839
3,920
997
24,532
6,030
2, 359
2, 837
1,885
4,003
1, 745
1,176
11, 802
2,297
3,306
2,181
15,934
1,999
5,792
4,673
10, 758
1, 865
3, 881
995
24,718
6, 194
2,322
2, 829
1, 869
4,047
1,794
1, 191
11, 876
2,295
3,356
2,210
16, 008
2, 005
5,835
4, 661
10, 808
1,853
3, 920
998
24,690
6,197
2,312
2,811
1,869
4,055
1,812
1,183
9, 769
3,479
10,871
9,619
3,522
11, 391
9,534
3,459
11, 261
9,528
3,452
11,248
9, 432
3,422
11, 052
9,293
3,406
11,192
9,351
3,426
11, 196
9, 412
3,457
11, 113
9,565
3, 508
11, 187
9,637
3, 497
11,203
9,619
3, 522
11,391
9,585
3,532
11,601
9,541 '9,557
3,531 r 3, 533
11,618 ' 11, 646
9,614
3, 543
11, 606
6,389
9,525
12, 363
3, 245
5,290
23, 335
6,499
9,660
13,241
3,683
5,629
24, 232
6,313
9, 782
12,370
3,359
5,352
23,355
6, 296
6,210
9,745
9, 563
12, 361 12, 494
3,342
3,356
5,353
5, 386
23,431 23, 389
6,177
9, 559
12,463
3,453
5,380
23,456
6,276
9,407
12, 538
3, 446
5,389
23,707
6,316
9, 339
12,693
3, 425
5,426
23,820
6,358
9,525
12,788
3,629
5, 500
23,977
6,405
9,590
12, 978
3,720
5,533
24, 151
6,499
9,660
13,241
3,683
5,629
24,232
6,534
9,776
13, 225
3,654
5,643
24,381
6,534
9,756
13, 283
3,701
5, 661
24,447
'6,593
' 9, 827
!3 338
'3,751
' 5, 734
' 24, 465
6,654
9,808
13, 467
3, 848
5, 816
24,368
2,955
3,056
5,583
5,625
8, 539
9,431
35, 036 i 37,697
18, 300 19, 803
16, 736 17, 895
3 35, 036 3 37,697
2, 964
5,429
8,673
38,517
20, 662
17,855
38, 184
2,938
5,394
8,677
37,859
20,095
17, 764
37, 893
2,952
5,412
8, 781
39, 317
21,249
18,068
37, 782
2,953
5,391
8,808
36, 367
19, 530
16,837
39,315
2, 944
5,401
8,923
36, 190
17, 923
18, 267
37, 509
2, 941
5, 412
9, 063
39, 361
20, 239
19, 122
38, 018
3,001
5,411
9,161
39,043
19,863
19, 180
37,846
3,037
5,455
9,321
37, 671
19, 277
18,394
37, 720
3,056
5,625
9,431
37,986
20,357
17,629
39,590
3,072
5,605
9,445
37,785
20,320
17, 465
39, 704
3, 081
5,607
9, 543
40, 641
21, 878
18,763
39,469
' 3, 134
'5,688
r 9, 560
'41,820
'22,507
'19,313
'40,712
3, 173
5,780
9,604
41,893
22,502
19, 391
41,154
18,300
2,959
1,592
1,886
2,574
2, 410
4,970
1, 398
16, 736
4,411
12,325
19,803
3,442
1,942
2,018
2,911
2,601
5, 098
1,460
17,895
4,776
13, 118
20,461
3,641
2,077
2,071
2,938
2,520
5,607
1,605
17, 723
4,678
13,045
19,945 20,016
3, 175
3,472
1,727
1,943
1,968
2,013
2, 956
3,030
2,571
2,448
5,538
5, 364
1,646
1, 510
17,948 17, 766
4,694
4,739
13,209 13, 072
21,254
3,539
2,077
2,069
2,909
2, 807
6,218
2,429
18, 061
4,887
13,174
19,342
3,280
1,825
1,946
2,952
2,694
4,771
1, 081
18, 167
4,883
13,284
19,907
3,847
2,296
2,045
2,923
2,581
4,760
1,148
18, 111
4,866
13,245
19, 623
3,767
2,203
1,991
2,994
2,542
4,544
1, 654
18, 223
4, 894
13,329
19, 454
3,663
2,072
2,011
2,971
2,763
4,283
961
18, 266
4, 960
13,306
20,720
3, 821
2,243
2,089
3,098
2,637
5,172
1,227
18,870
5,190
13,680
21, 271
3,739
2,232
2, 068
3, 092
2,891
5,546
1, 465
18, 433
5,018
13, 415
21, 130
3,802
2,291
2,110
3,050
2, 597
5,690
1,703
18, 339
5,054
13, 285
'21,714
'3,593
' 2, 018
'2,065
' 3, 100
' 2, 711
'6,301
' 1, 757
' 18, 998
r 5,203
' 13, 795
22,098 221,000
3,448 2.3, 300
1,870
2, 105
3,142
2,958
6, 465 2 5, 900
2,262
19, 056
5,136
13, 920
3, 339
7,257
4,368
3,578
2,803
13, 691
3, 478
7,866
4,814
3,637
3,027
14, 876
3,396
7, 756
4,858
4,040
3,038
15,096
3,480
7, 859
5,323
3,641
3,017
14. 573
3,402
7,809
5,237
3,717
3,004
14, 613
3,585
7,915
5, 534
3,717
3, 086
15, 478
3, 535
8,022
4,671
3,745
2,911
14,625
3,490
7,967
4, 478
3,678
3,052
15,353
3,418
8,068
4, 824
2,916
3,071
15, 549
3, 489
7,972
4,586
3,289
3,043
15,341
3,750
8,303
4,738
3,984
3, 098
15,717
3,607
8,093
4,939
4, 116
3,238
15, 711
3,569
7,927
4,981
4, 083
3, 155
15, 754
' 3, 727
'8,207
' 4, 974
' 4, 530
' 3, 145
' 16, 129
3, 676
8,341
6,133
4, 130
3,159
15, 715
1,404
2, 156
3, 326
1,493
2,260
3, 706
1,485
2,367
3,610
1,492
2,482
3,929
1,421
2,336
3,916
1,566
3,287
3,774
1,500
1, 862
3,772
1, 471
1,982
3,686
1,426
2,412
3, 786
1,498
1,788
3,882
1,664
1,873
3,917
1,580
2,372
3,958
49, 149
55, 962
51, 626
52,018
52, 717
54,313
54, 501
54,990
55,637
55,605
55,962
57,363
58, 629 '59,217
59,790
54, 439
2,924
55, 636 '56,215
2,993 '3,002
56,697 256,600
3,093
Durable goods industries, total
_ _ _ _ d o _ _ . 46, 193 53, 042 48, 764 49, 076 49, 785
2,932
2,942
Nondur. goods indust. with unfilled orderse.do
2,956
2,920
2,862
Unfilled orders, end of year or month (seasonally
adjusted), totalf
____
_____mil. $__ 49, 796 57,044 51, 679 52,004 52, 833
By industry group:
Durable goods industries, total 9
do
46, 676 53,958 48, 840 49, 225 50, 037
4,513 4,795
Primary metals
__
_
do """ 3,930
4,485
6,559
2,540
2,748
Blast furnaces, steel mills.
___.__do
4,311 2,525
2,120
4,451
4,366
Fabricated metal products
do
4, 811 4,311
4,062
7,421
7,618
Machinery, except electrical. _ _ _ _ _ _ do""" 7,027
7,325
8, 302
7,402
7,413
Electrical machinery
__ do
8, 103 7,347
7,114
20,
443
20,
679
Transportation equipment.
_do
19,368 21, 090 20, 294
Aircraft and parts
do
14,446 15, 526 15, 305 15, 301 15, 383
Nondur. goods indust. with unfilled orders©.do
2, 839
3,120
3,086
2,779
2,796
By market category:
1, 997
1,910
Home goods, apparel, consumer staples. ..do
2,016
1,987
1,975
Equip, and defense prod., incl. auto.
do_~~" 26, 197 29,223 27, 059 27, 404 28, 028
Construction materials and supplies
do___" 4, 986
5, 167
5,213
5, 123
5,490
Other materials and supplies.
_ _ _ _ ~ d o I I I _ 16,626 20, 356 17,481 17, 436 17, 682
Supplementary market categories:
Consumer durables. _ _ _
do
1, 418
1,356
1, 410
1,420
1,407
Defense products.—
__ do
18, 724 20,058 19, 613 19, 670 19, 828
Machinery and equipment
do
11, 186 13, 367 11,622 11,931 12,349
3
'Revised.
1 Monthly average.
Advance estimate>.
31>ata for total an(1 components (incl. market categories) are monthly avera ges based on new orders no t seasona lly adjusted.
tSee corresponding note on p. S-5.
9 [ncludes data for items n Dt showii separately.
e Includes textile mill products, leather and prod ucts, pa Der and allied pr<>ducts,
12, 395
2,335
3,465
2,276
16, 103
1,874
5,939
4,774
10, 700
r 1, 812
1, 677
' 3, 977
3, 951
' 1, 015 1,035
24,736 24,763
6,209
r 6, 196
2,291
' 2, 328
••2,820
2, 819
r 1,855
1, 860
'4,072
4,096
1,803
' 1, 800
1,224
•-1,213
10, 879
2,259
3,009
1,956
14, 857
1,901
5,249
4,467
10, 292
1,758
3,707
908
24,119
6, 028
2, 314
2,886
1,800
3,818
1,736
1,157
1
r
2
21,200
1, 629
1,529 ' 1, 601
3,229
2,438 '2,463
4,116
'
4,
024
3,799
51, 637
2, 864
52,119
2,871
52, 742
2,895
52, 652
2,953
53,042
2,920
54, 075
54,216
55, 042
56, 067
56/363
57,044
57, 317
58, 160 '58,595
59, 472
51, 302
5,051
3,024
4,475
7,576
7,646
21, 569
16, 026
51, 366
5,049
3,013
4,520
7,794
7,795
21, 210
15, 742
52, 135
5,699
3,608
4,565
7, 931
7,913
20, 977
15,437
53, 137
6, 104
3,956
4,663
8,062
7, 924
21, 346
15, 760
53, 406
6,370
4,125
4,762
8,194
8,142
20, 867
15, 363
53,958
6,559
4,311
4, 811
8,302
8,103
21,090
15,526
54, 280
6,656
4,387
4,851
8,413
8,247
21, 051
15, 394
55, 092 '55,531
7,073 '7,058
4,759 ' 4, 720
4,910 ' 4, 897
8,467 ' 8, 563
8, 269 ' 8, 302
21, 363 ' 21, 776
15, 738 '16,098
56,385 256,800
6, 667 2 6, 600
4,345
4,912
8, 708
8,462
22, 663 2 22, 900
16, 871
2,773
2, 850
2,907
2,930
2,957
3, 086
3,037
1,901
28, 820
5,201
18, 153
1,976
28, 817
5,211
18,212
2,002
28, 869
5,263
18,908
1,953
29, 217
5,368
19, 529
1,954
28, 971
5,433
20, 005
1,975
29,223
5,490
20,356
1,962
29, 210
5,558
20,587
51,422
2,891
' 3, 064
3,087
1,904 '1,898
29, 494 '29,549
5,596 ' 5, 591
21, 166 '21,214
1,889
30, 681
5,641
20, 768
3,068
1,355
L374
1, 354
1,384
1,427
1,391
1,401
1,420
1,351
1,401
20, 588 20,291 20, 080 20, 387 20,058 20,058 19,964 20, 260 '20,502 21,377
12, 444 12,695 12,812 12,946 13, 175 13,367 13,534 13, 572 ' 13, 771 13,987
and printing {ind publishing in dustries; unfilled orders for other ncmdurabl 3 goods itidustries
1 For thes e industries (fooc1 and kindred pr oducts, tobacco iDroducts, apparel
are z ero.
andi-elated pi oducts, i)etroleuni and coaIproduci s, chemicjals and a Hied pro iucts, an d rubber
and plastics F roducts) sales are consider ed equal to new o rders.
SURVEY OF CURRENT BUSINESS
June 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1964
1963
S-7
1965
1964
Monthly
average
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS d*
New incorporations (50 States and Dist. Col.):t
Unadjusted •_ _ _ _ _ _ _ • _
_
number
Seasonally ad justed. • _ _
__ ;
____do
INDUSTRIAL AND COMMERCIAL
FAILURES d"
Failures, total- __._
;.__._-__
.... number..
Commercial service
Construction
' _ _ . • _
Manufacturing and mining
____._.
Retail trade
Wholesale trade _ . ' . . " . • _
_
do
d o
do____
do
do _
Liabilities (current) total
thous. $
Commercial service...
____do._.
Construction
do
Manufacturing and mining. _ _: _ _ _ _ _ _ _ — _ _ _ d o - _ _ _
Retail trade .- __..
_
do_ _
Wholesale trade
do
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns. _
15, 534
16, 477
17, 365
16, 180
16,394
15, 917
16,856
15, 919
17, 145
15, 979
14, 552
16, 074
15, 465
16,605
16, 394
16, 493
14, 098
17, 103
17, 459
17, 154
18 180
17, 275
15 967
17, 367
19 789
17, 112
17, 712
16, 504
1, 198
1,125
1,197
1,075
1,157
1,096
1,169
1, 034
1,060
967
968
1, 137
1,114
1,332
1,179
1 183
114
102
199
188
520
116
101
201
216
554
125
92
179
188
501
115
123
219
146
563
106
82
214
192
501
107
113
203
185
550
118
81
208
163
484
98
96
194
196
467
107
100
180
175
412
100
89
175
165
442
97
105
206
187
525
114
103
199
185
525
102
124
230
218
621
139
99
228
183
535
134
126
204
191
549
113
93 766 119 324
4 666
4 870
23 967 22 953
35, 619 59,174
19 135 20 629
10 379 11 698
98 282
9 171
25 835
27, 233
28 023
8 020
89 272
4 905
24* 381
26, 189
19 744
14 053
50.3
48.2
52.8
200
201
557
126
112, 716 110 769 112, 884
7,425 15, 211 10, 355
19, 280 21,866 27, 872
46,475 30, 155 30, 650
24,947 23, 496 28,151
14, 589 20, 041 15, 856
51.3
^53.2
i 56. 3
93 419 144 496 125 642
10, 245 80, 909
9, 037
14, 687 15, 349 23 772
37, 782 17, 951 23,309
23, 291 21, 694 20, 781
7,414
8,593 48 743
49.4
53.2
54.9
95 180 114 565
22, 555 6 074
17 897 32 185
16,079 31, 396
25, 715 24 958
12 934 19 952
59.1
56.3
50.7
111 985 146 579
9 111 24 487
19 881 21 075
43, 269 47,868
28 663 29 913
11 061 23 236
61.7
83 247 133 113
6 039 48 806
19 554 17 729
26, 090 32, 978
20 067 20 944
11 497 12 656
54.8
50.8
54.1
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm products©. 1910-14=100_.
242
236
'237
'236
'233
234
232
'237
236
234
234
236
238
239
'243
251
'239
271
164
'238
'246
••262
166
190
'246
'243
'224
248
'231
'272
168
218
'242
'247
'277
168
170
'233
'230
'275
163
'163
226
'223
258
163
161
'229
'223
258
170
164
'233
'229
261
165
'165
'234
'281
254
161
168
234
'241
247
171
'234
'234
233
174
168
'234
'237
233
176
167
237
'261
242
177
166
243
'287
249
180
164
248
325
251
182
162
'292
258
"•156
494
256
'227
490
'320
252
'202
'330
246
'260
301
246
'327
'275
247
'293
'282
243
'234
'295
254
'203
'487
'319
260
'206
'497
'280
'272
275
322
'257
281
331
'497
'244
282
336
'497
'241
281
371
'499
249
272
391
do....
do
__do____
____do
245
253
290
146
235
256
'270
142
'291
136
'307
'225
237
'264
'132
'302
' 225
'235
264
'134
'307
234
243
275
139
'294
'238
252
'275
'146
'287
244
'265
'281
'147
'281
239
'274
'267
144
'235
'275
'258
143
'277
'271
261
139
'237
'267
272
136
270
240
262
2,80
137
241
'256
283
139
268
244
248
292
144
265
254
242
320
136
268
Prices paid:
All commodities and services _ _
do. ...
Family living items.........
:..._.
do___.
Production items-__
.........do ."
All commodities and services, interest, taxes, and
wage rates (parity index) J
1910-14=100__
283
298
273
282
300
270
283
300
272
282
300
270
282
300
282
300
269
282
282
299
270
282
300
282
301
283
301
270
285
303
272
304
273
273
287
303
276
290
308
278
312
313
314
313
313
312
313
313
312
313
313
317
318
318
320
323
Parity ratiolt——————_.__.
278
•276
75
75
74
75
74
'76
76
75
75
74
75
75
76
78
3108.0
107.8
107.8
U08.2
108.0
Crops
_—__
_•_• .do..
Commercial vegetables. _ _ _ _ _ _ _ _ _ _ do_.
Cotton
_,
—^_____do_.
Feed grains and hay. _••
_.__do_.
Food grains._______..______•..
_do_.
Fruit.-.
_.
_______
Oil-bearing cropsPotatoes (incl. dry edible beans) _
Tobacco. _ _ _ — . _ _ - _ _
_______
Livestock and products......
Dairy products. _ . . _ . — _ _ _ _ _ _ _ _
Meat animals
__
*
Poultry and eggs__
__do_,
___d-o_.
____do_.
do_.
.....do
'244
273
'282
'495
CONSUMER PRICES
(U.S. Department of Labor Indexes)
All items................
Special group indexes:
All items less shelter..„._
All items less food
—1957-59=100.
106.7
108.3
108.2
108.4
108. 5
108.7
108.9
108.9
109.0
109.3
__
106.7
107.4
108.0
108.9
107.7
108.6
107.7
108.7
107.9
108.8
108.2
108.8
108.1
108.9
108.2
109.0
108.3
109.2
108,5
109. 5
108.6
109.6
108.6
109.8
108.6
109.8
108.7
109.9
109.1
110.1
.____. _ _ _ _ d o
do
__do"
do.
do
104.1
104.9
102.1
101. 5
116.6
105. 2
106. 0
103. 0
101.2
121. 6
104.9
105.6
102.9
101.6
120.9
104.8
105.5
102.8
101.2
121.6
105.0
105.8
102.9
100.8
122.7
105.3
106.3
102.9
100.6
122. 7
105.2
106.1
102.8
99.9
122.2
105.4
106.4
102.8
98.7
121.9
105.5
106.4
103.1
101.3
121.9
105.6
106.4
103. 5
102.5
122.9
105.7
106.5
103.4
101.6
123.7
105. 6
106.3
103. 6
101.5
123.7
105.5
106.3
103.3
101. 0
121.7
105.6
106.4
103.2
100.8
121.7
105.9
107.0
103.0
100.7
120.6
do
do..
103. 5
113.0
104.4
115.2
104.3
114.9
104.3
115.1
104.3
115.3
104.2
115.4
104.3
115.5
104. 6
115.7
104.8
116.0
104.9
116.2
104.9
116. 6
104.7
116. 9
104.8
117. 0
105.0
117.3
.....do
do..
___do
_-.___do_.
105.1
100. 2
103.8
111. 0
106.4
98.6
104.7
115.3
105. 7
97.0
104.1
115.7
105.5
96.6
103.9
115.7
106.2
96.8
104.0
120.2
107.2
98.9
104.3
122.3
106.9
99.2
104.4
117.3
107.2
101.4
104.6
112.2
106.9
100.6
105.3
111.7
106.8
99.5
105.3
113.0
106.9
99.0
105.6
114.5
106.6
99.2
105. 6
112. 4
106.6
99.5
105. 2
113.3
106.9
99.6
105.0
115.3
107.3
99.8
104.5
117.6
Housing..
——__do
Shelter9*.
—^
1
__do
Rent
——___
—do..
Homeownership*....—_
_do.
Fuel and utilities*.....
do..
Household furnishings and operation*
do.'
106.0
106. 9
106. 8
107.0
107. 0
102.4
107. 2
108.7
107.8
109.1
107.3
102.8
107.0
108.2
107.7
108.6
107.4
102.9
106.9
108.2
107.7
108.4
107.2
102.9
107.1
108.4
107.8
108. 7
107.1
102.9
107.1
108.6
107.8
108.9
107.0
102.8
107.2
108. 8
107.9
109.2
107.1
102.6
107.4
109.0
107.9
109.5
107.2
102.8
107.6
109.2
108.2
109.6
107.4
102.8
107. 7
109.3
108.3
109.8
107.5
102.9
107.8
109.5
108.4
110.0
107.9
102.9
108.1
109,9
108.4
110.6
107.9
102.8
108.2
110.2
108. 5
110.9
107.4
102.8
108. 2
110.1
108.7
110.8
107.4
103.1
108.2
110.1
108.8
110.8
107.2
103.1
Apparel and upkeep*...
Transportation.....
Private....——___—_
Public
_
—
104.8
107.8
106.4
116.9
105. 7
109.3
107.9
119. 0
105.6
109.0
107.6
118.4
105.7
109.1
107.7
118.6
105. 7
109. 2
107. 8
118. 9
105.5
109.4
107.9
119.0
105. 3
109.3
107.9
119.1
105.9
108.9
107.4
119.3
106. 2
109.4
108.0
119.3
106.4
110.0
108.6
119. 5
106.6
110.5
109.0
120.3
105.6
111.1
109.7
120.6
105. 8
110.6
109.1
121.2
106.0
110. 6
109.0
121.3
106.3
111.0
109.5
121.3
113. 4
111. 4
113.5
113.5
113.6
117.0
119.1
119.3
119.4 419.0
107.9
108.7 108.9
109.2
109.1
111. 5
114.1
114.1 114.0
114.0
2
^Revised.
* Based on unadjusted data.
Annual data for 1961-64 for parity ratio
adjusted for government payments made directly to farmers are as follows (unit as above):
83; 83; 81; 80. Descriptive material and annual data back to 1933 appear in the Dept. of Agriculture publications, "Agricultural Prices," January 41964 and 1965 issues.
3 -All items"
index on old basis (discontinued with June index).
New series. Beginning Jan. 1964 the
index reflects the following changes: (1) updated weighting factors and price data base; (2)
improvements in statistical procedures; (3) a more comprehensive index, incl. single workers
living alone, as well as families of wage earners and clerical workers; (4) expansion of the
market basket" from 325 to 400 items; and (5) increase in the sample of priced cities to 50
metropolitan areas and cities in the U.S. incl. Alaska and Hawaii. The new series has been
linked to the old series as of Dec, 1963 to provide continuous series (see exceptions in notes
1.13.7
119.5
109.3
114.1
113.8
119.8
109.4
114. 2
113.9
119.7
109.5
114.3
114.0
119.9
109.7
114.5
Gommoditiesf...
Nondurables.—
Durablesf9. New cars
Used cars
___do
________do ~
——___
____
__
Commodities less food?.
Servicesf..
Food 9..'.__
_
Meats, poultry, and
fish
Dairy products....———__
Fruits and vegetables
Health and recreation 9 *
Medical care—
Personal care. _ — — — _ _ _
Reading and recreation
do_
do"
do
do
do
do""""
...do..."
.do—
4
108.1
4
114.2
114.3
114.5
114.7
115.4
114.9
120.2 120.3
120. 6 .121.0 121.4
121. 6
109. 7
110. 0
110.0 110.1
110.4
110.7
114.9
114.9
115.0 115.2 115.4
115.9
"1" and "*"). More complete information and data are available from the Bureau of Labor
Statistics, U.S. Dept. of Labor (Washington, D.C., 20210).
decompiled by Dun & Bradstreet, Inc. (failures data are for 48 States and Dist. Col.). fData prior to 1963 exclude Dist
of Col. Revisions for Jan.-Dec. 1962 (seas, adj.) appear on p. S-7 of the Aug. 1964 SURVEY'
©Revisions for Jan. 1961-Mar. 1964 for all components, and revised data for all farm
products, crops, and commercial vegetables back to Jan. 1958 are available in the May 1965
"Agricultural Prices, Supplement 1." JSee note marked "i" on p. S-7 of the Feb. 1964
SURVEY. §Ratio of prices received to prices paid (incl. interest, taxes, and wage rates).
iData beginning 1963 as shown here are not comparable with "old series" data formerly
published.
9 Incl. data not shown separately.
*New indexes.
SURVEY OF CUREENT BUSINESS
S-8
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963 | 1964
Monthly
average
June 1965
1964
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
105 3
90 6
116 7
101 7
105 3
90 3
117 1
102 1
COMMODITY PRICES—Continued
WHOLESALE PRICEScf
( U.S. Department of Labor Indexes}
Spot market prices, basic commodities:
22 Commodities.
_
1957-59=100__
9 Foodstuffs
do
13 Raw industrials
' • __ __do
All commodities . —
do
By stage of processing:
Crude materials for further processing
do_
Intermediate materials, supplies, etc.- __do
Finished goods 0
do
By durability of product:
* 93. 9 *97 7
*92 0 188 8
195.2 1104 6
100.3
100.5
96.3
88 2
102 4
100 3
95 3
87 9
100 9
100 1
95 2
87 0
101 4
100 0
95 8
86 8
102 5
100 4
97
87
105
100
95.0
100 .5
101.4
94 1
100 9
101 8
94 2
100 9
101 3
93 5
100 6
101 3
92 4
100 3
101 7
93 8
100 5
102 1
T
0
3
2
7
102 3
89 7
112 0
100 8
102 7
89 2
113 2
100 7
103.2
91 1
112 5
100 7
102 3
91 5
110 6
101 0
102. 4
91 5
110.7
101 2
103 0
89 8
113 2
101 3
94 1
100 4
101 9
95 7
100 6
102 1
94 3
101 1
102 1
94 0
101 1
102 1
94 0
101 4
101 9
94 2
101 6
102 3
95 5
101 6
102 3
95 8
101 6
102 4
r 95 9
101 8
102 8
98 3
101 9
103 2
103 4
100 4
103 7
100 8
1Q2 1
ino 4.
102 4
103 7
101. 1
9
7
7
3
100
89
108
100
Nondurable goods
do
101.0
99.6
102 4
99 1
102 2
98 9
102 4
98 4
102 3
98 4
102 4
98 9
102 5
98 7
102 4
99 4
102 8
99 2
102 9
99 1
103 0
99 0
103 1
99 5
103 2
99 6
103 3
99 8
Total manufactures
_
Durable manufactures
Nondurable manufactures _ _ _ .
do
do
do
100. 6
101.3
99.8
101.1
102 5
99.7
100 9
102 4
99.4
100 8
102 6
99.0
100 8
102 4
99.1
101 1
102 5
99.7
101 0
102 5
99.5
101 2
102 5
99.8
101 4
102 8
100.0
101 4
102 9
99.8
101 5
102 9
100.0
101 8
103 2
100.5
101 8
103 3
100.3
101 8
103 3
100.4
95.7
96.1
101.9
88.8
94 3
103.2
94 1
84.7
94 4
105.9
103 3
82.4
93 7
107.4
103 2
81.2
93 2
113J
89 8
82.3
94 1
108.9
85 7
87.7
93 6
97.9
85 7
88.4
95 7
101.5
90 2
90.9
93 8
98.2
88 9
85.8
94 0
108.0
88 0
83.6
92 7
98.9
90 1
83.1
93 0
98.5
90 4
85.5
94 5
102. 5
90 5
88.4
95 4
107.8
90 6
89.8
Foods processed 9
do
Cereal and bakery products
do.
Dairy products and ice cream
..do
Fruits and vegetables, canned, frozen
do
Meats poultry and
fish
_
_ .do.
101.1
107.3
107.5
103.9
93.3
101 0
107 8
107 8
104.8
90 8
100 4
107 8
107 1
107.3
88 3
99 4
107 5
106 6
106.3
86 9
100 2
107 9
107 1
106.1
90 2
101 2
108 6
107 0
105.1
93 3
101 0
108 3
107 3
102.1
93 3
1 09 9
108 1
108 7
102.2
96 1
101 7
108 2
108 9
102.7
93 2
100 9
108 3
109 5
102.3
89 8
100 8
108 2
108 9
101.9
88 8
102 2
108 2
108 3
101.9
91 9
102 1
107 9
107 8
100.3
92 1
101 8
108 1
107 5
100.7
92 4
Commod. other than farm prod, and foods-do
100.7
101. 2
101.1
101.1
100. 9
101.1
101. 1
101.1
101.5
101. 6
101. 8
101. 9
101.9
102.0
102. 1
102. 3
96.3
94.8
95.1
80.3
99.9
103.8
96 7
94 2
95.0
96 8
100 1
104 7
96 6
94 4
95.4
87 3
100 2
104 8
96 7
94 5
95.5
88 6
100 2
104 8
96 5
94 3
94.6
93 2
100 2
96 5
93 9
94.7
101 3
100 2
104 8
%c
1 flfi 9
97 1
94 1
94.7
11° 6
100 7
1 04. R
104. R
104. Q
104. ft
97 3
94 6
94.4
113 4
10° 3
104 8
97 5
94 7
94.6
118 3
103 8
105 2
97 5
94 5
94.6
118 7
104 3
104 4
Q7 ft
r Q4. fi
r 94. 8
98 8
96 9
94 3
94.6
107 7
99 3
Q7 9
•ino n
96 6
94 3
94.8
95 9
101 1
104 1
97 5
94 Q
94.9
116 4
104 3
105 7
Fuels and related prod., and power 9 - - —do
Coal
do
Electric power —
...Jan. 1958=100..
Gas fuels
do
Petroleum products, refined
1957-59= 100..
Furniture, other household durables 9 .--do
Appliances, household
. do
Furniture, household _
__do
Radio receivers and phonographs
do—
Television receivers
-do
99.8
96.9
102.0
122 .8
97.2
97.1
96.9
101.1
121.3
92.7
96.1
95 0
101 3
120 4
91.1
96.4
95 1
101 3
116 6
92.2
96.3
95 3
100 9
116 0
92.3
96.7
96 1
100.6
120 2
92.5
96.4
96 6
101.4
121 2
91.4
95.2
97 3
101 5
118 4
89.5
96.7
97 7
101. 5
120 4
91.9
97. 6
98 0
101 4
123 1
93.3
98.1
98 2
101 3
124 0
94.0
98.5
98 3
101 1
121 4
95. 2
97. 9
98 3
100.8
124 1
93.9
97.9
97 3
100 8
124 1
94.0
'97.6
r 94 6
100 8
98.1
91.8
104.6
82.8
92.3
98.5
91.3
105. 3
81.5
90.9
98.6
91 6
105 2
81.5
91 2
98.6
91 6
105 3
81.5
91 2
98.5
91 2
105 1
81.5
91 2
98.6
91 2
105 2
81.8
90 8
98.6
91 3
105.3
81.8
90 8
98.6
91 1
105 3
81.8
90 8
98.5
91 2
105 5
81. 5
91 1
98.5
90 7
105 6
81.3
91 1
98.4
90 6
105 7
81.3
90 0
98.3
90 2
106 1
81.1
89 7
98.2
90 0
106 2
81.1
88 9
98.3
90 0
106 0
81.1
88 9
Hides, skins, and leather products 9
104.2
108 3
84 0
101 9
98.6
98 9
104.6
108 5
87 5
102 9
100.6
100 7
104.5
108 3
88 1
102 0
101.8
102 0
104.7
108 3
85 7
104 5
101.8
102 2
104.8
108 3
90 3
103 3
101.4
101 8
105.4
108 3
92 6
104 7
101.2
101 5
105. 6
108.3
96 0
104.5
100.9
101.1
105.4
108 4
95 5
104 0
100.6
100 7
106.0
109.1
95 4
104.8
100. 3
100. 4
105.5
109 0
90 7
103.9
99.6
99 2
105. 1
109 1
90 2
103 2
100.8
101 4
105. 7
109 1
92 1
105 7
100.7
101 3
Machinery and motive prod. 9 —.do
Agricultural machinery and equip
do
Construction machinery and equip
do
Electrical machinery and equip
—do
Motor vehicles
do-
102.2
111.1
109.6
97.4
100.0
102.9
112.9
112. 4
96.8
100. 5
102.9
112.7
112.2
97.7
99.9
103.3
112.7
112.3
97.7
101.2
103. 0
112.7
112.3
96.5
100.9
103. 1
112.9
112.3
96.5
100.9
102.9
113.1
112.3
96.6
100.7
102.9
113.0
112.4
96.6
100.5
103.0
112.9
112.4
96.3
100.7
103.2
113.8
113.4
96.5
100.7
103.5
114.4
114.3
96.6
100.9
103.5
114.6
114.5
»-96.8
100.8
r 103. 7
Metals and metal products 9
Heating equipment
Iron and steel
—
Nonferrous metals
100 .1 . 102.8
92.0
92.9
99.1
100.5
99.1
105. 9
102.2
92.1
100.2
104. 0
102.1
92.0
100.3
103.9
102.3
92.4
100.4
104.0
102.5
91.9
100.7
104. 4
103. 0
91.7
101.2
105.8
103.0
91.7
100.5
107.0
103.8
91.8
100.7
110.4
104. 3
91.9
100.9
112.0
104.6
91.4
101.2
112.2
104.8
91.6
101. 3
112.7
r 105. 2
105.8
91.8
101.5
115. 7
101.3
103.6
101.7
105.4
99.2
102.4
93.8
90.1
101. 5
104.4
100.9
108.2
99.0
103.6
92.5
89.0
101.3
104.5
100.6
108.6
99.1
103.6
93.1
89.2
101.3
104. 5
100.6
108.6
98.7
103.7
92.6
88.0
101.4
104.5
100.8
108.6
98.7
103.7
91.6
88.0
101.5
104.4
100.9
108.6
98.7
103.7
91.8
88.0
101.7
104.5
100.8
108.6
98.7
103. 7
91.8
88.0
101.8
104.6
101.1
108.6
98.7
103.7
91.9
88.0
101.8
104.8
101.1
108.6
99. 1
104.0
92.1
88.0
101. 8
104.9
101.1
108.6
98.9
104.0
92.2
88.0
104. 9
105.4
109 1
109 0
86 5
90 2
104 2
103 9
100.8
99.4
100 8
99 1
103.1
103. 3
114. 2 '114.3
113.7
113.8
96.5
96.3
100.8
100.8
104.7
104. 5
92,2
91.3
101.1
101.4
113.4
111.9
101. 6
101.7
105.0
105.0
101. 1 101.3
106.6
106.6
98.9
99.0
103.7
103.7
92.2
92.3
88.8
88.8
101.8
105.1
101.2
107.7
99.0
103.8
92.2
88.5
101.9
105.1
101.3.
108.1
99.9
104.0
92.9
89.7
100.5
101.9
100.3
93.9
139.9
100 .9
101. 2
102.8
99.6
95.8
117.3
103.0
101.1
102.3
100.5
95.5
116.4
103.2
101.2
102.7
99.6
96.0
116. 4
102.8
101.0
102.8
98.7
96.2
117.0
102.8
101. 1
103.3
98.3
96.2
117.0
102.6
101. 2
103.3
98.6
95.8
117.0
103.0
101.2
103,3
98.9
95.7
117. 0
102.9
101.4
103.3
99.0
96.1
116.6
103.1
101.4
103.2
99.1
96.5
117. 8
103.3
101.5
103.1
99.4
96.8
117.4
102.8
101.5
103.1
99.5
96.9
121.6
103.4
101. 5
103.1
99.6
96.3
.135. 5
103.3
101. 9
101.9
105.1
105.1
101.2
101. 3
108.4
108.1
99.5
99.8
103.8 r 103. 9
92.2
92.3
88.5
88. 5
101.5
101.5
103.1
103.1
99.7
99.6
96.1
96.4
134.5
131.4
103.1
103.1
Tobacco prod, and bottled beverages 9 do
Beverages, alcoholic
do
Cigarettes
- do
Miscellaneous
-do
Toys, sporting goods
_
—do
106.1
101.0
104.1
110.4
101.0
107. 4
100.7
105.6
109. 2
101.0
107.1
100.7
105.6
109.5
100.8
107.3
100.5
105.6
107.2
100. 8
107.4
100.3
105.6
106.7
100.9
107.3
100.3
105.6
107.5
101.0
107.5
100.8
105. 6
107.3
101. 0
107.5
100.8
105.6
109.2
101.2
107.6
100.8
105.6
110.1
101.1
107.5
100.5
105.6
108.5
100.9
107. 5
100.5
105.6
110.7
101.0
107. 5
100.5
105.6
110.0
101.6
107.6
100.9
105.6
109.6
101.6
107.5
100.6
105.6
109. 5
•• 102. 0
' 107. 8
100.7
r 102. 2
108.1
100.8
107. 3
109.0
102. 2
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
—1957-59=100—
Consumer prices
do
99.7
93 7
99.5
92 5
99.7
92.8
99.9
92.8
100.0
92.6
99. 6
92.3
99.7
92.4
99.3
92.3
99.2
92.2
99.3
92.0
99.3
91. 9
99.0
91.8
98.8
91.8
98. 7
91.7
98.3
291.5
Farm products?
^do_
Fruits and vegetables, fresh and dried—do
Livestock and live poultry
do —
Chemicals and allied products 9
Chemicals, industrial
Drugs and Pharmaceuticals
Fats and oils inedible
Fertilizer materials
_
Prepared paint
Hides and skins
Leather
Lumber and wood products—
Lumber
__do
do
do
_do_
do
do
do
do
— - -do
.—do
do __
-
do
— __ -do
—do
do
Nonmetallic mineral products 9
Clay products, structural
Concrete products
Gypsum products _
Pulp, paper, and allied products. —
Paper
.
Rubber and products
Tires and tubes
Textile products and apparel 9—Apparel
Cotton products - Manmade fiber textile products—
Silk products
Wool products
-
-do
do
do
do
do
do
do
do —
-do
do
__do
.-do
do -do
'Revised.
*> Preliminary.
1 Monthly averages computed by QBE.
2indexes
based on 1947-49=100 are as follows: Measured by—wholesale prices, 82.4 (May); consumer
prices, 74.6 (Apr.).
of For actual wholesale prices of individual commodities, see respective
93 9
94.6
94 2
94.7
m
o
100 7
r
commodities.
©Goods to users, including raw foods and fuels.
shown separately.
r
100.7
Q7 R
r-117.7
91 2
91.4
1O9 ^
1 0R ^
107 5
r 100. 9
QQ
«
104. ^
r J22 5
94.1
r 98. 0
r
r
89 4
iQg Q
81.1
RR Q
106.3
r 109 7
96 3
103 6
100.5
101 0
114.8
115.0
'97.0
100 8
'91.9
101.4
' 113. 7
r 106. 5
110.3
98 4
118.6
91 0
96. 2
103 3
108 3
106 8
100. 4
97 7
98.4
94.5
100.8
122 5
95.4
98.0
89 4
106. 0
81.1
88 9
107.3
109. 7
105. 9
104.2
100.5
101.0
103.8
114.9
115. 1
97.0
100.8
101.6
103.2
99.9
96.0
135.1
103.1
297.9
9Includes data not
SUEVEY OF CURKENT BUSINESS
June 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
1964
Monthly
average
S-9
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
May
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACEf
New construction (unadjusted), totalf- - - mil.$__
5,204
5,501
5, 098
5,483
6 185
6 162
6,208
6, 189
6,092
5,763
5,429
4,720
4,287 ' 4, 781 ' 5, 178
Private total 9
- do
Residential (nonfarm) 9
do
New housing units
do
Additions and alterations....
-do
Nonresldential buildings, except farm and
public utilities, total 9
mil. $
Industrial
-do__._
3,648
2,154
1,672
0)
3,830
2,213
1 716
G)
3,638
2,188
1,610
«
3,895
2,345
1 703
<l)
4 222
2 573
1 879
4 257
2 552
1 976
0)
0)
4 228
2 500
1 974
0)
4,179
2,417
1 911
0)
4 109
2 323
1 843
0)
4,022
2, 235
1 784
(')
3 331
1, 793
1 434
'«
3, 084 r 3 384 '3 723 4 028
1,585 r 1, 834 ' 2, 140
2 371
1 273 ' 1 395' 1 553 1 717
C1)
0)
(0
C1)
988
1,086
963
1,017
1 086
1 130
1,154
1 184
1,188
1 089
1,065
Stores, restaurants, and garages. ___._do.._.
Farm construction
do_
Public utilities . .—
...do
189
106
284
497
1,172
269
497
207
106
220
115
220
118
232
111
242
107
239
102
5 698
278
470
251
411
254
442
374
200
103
399
155
95
366
175
99
421
448
469
471
3,800
2^080
1 664
W
1,144
324
482
207
98
453
328
316
1,557
460
1, 671
515
G)
1,460
525
(i)
1,588
517
(i)
1,963
597
(i)
1,905
525
(i)
1,980
555
(i)
2,010
568
(i)
1,983
569
(i)
1,741
497
(i)
1,629
494
(i)
1,389
471
(i)
1,203
450
(i)
384
454
481
477
710
534
740
526
770
534
794
533
787
504
678
449
613
415
422
399
291
377
New construction (seasonally adjusted at annual
rates), totalf
mil. $.. 262,451 266,008 66,615 64, 983 66, 576
66, 641
65, 991
66, 454
65, 335
65,588
67, 311
66, 505
67, 009 ' 68, 384 ' 67, 723 67, 712
46 261
45, 906
45, 861
45, 521
45,497
46, 184
46 306
46, 931 ' 47, 463 ' 47, 531
47, 459
25, 972
25 679
25,642
26, 016
26 994
13 739
3 888
5 864
2,812
1 216
5 090
Public total
.......do
Nonresldential buildings.
do_._.
Military facilities
- do
Highways
.-do.
Other types
.
;
do
Private total 9
do
Residential (nonfarm) ...
___do_.
Nonresidential buildings, except farm and
public utilities, total 9
mil. $
Industrial
do
Commercial 9
do
Stores, restaurants, and garages
__do
Farm construction
- '. ~
do
Public utilities
do
Public total 9
do
Nonresldential buildings
Military facilities
.Highways
do..._
do
do
247
433
•0)
556
430
581
467
404
258
480
421
421
293
506
299
517
312
520
332
439
175
95
1,063 '1,059
332
425
325
436
1 092
313
465
'321
'436
'197
92
'401
218
97
' 1, 397 ' 1, 455
'514
'490
(1)
(i)
1,670
529
(i)
177
92
196
94
'368
397
420
395
449
433
0)
0)
43,772
45, 954
46, 449
45, 780
46, 006
25,843
26, 560
27, 538
26, 678
26, 612
26 708
26, 342
26 617
26,907 '26 991 '26 875
11,859
2,962
5,200
2,268
1,266
4,494
13, 027
3, 333
5, 635
2, 395
1,240
4, 789
12,661
3,076
5, 561
2,293
1,252
4, 660
12, 756
3,149
5,542
2, 252
1,250
4,746
12,900
3,204
5,562
2,268
1,247
4,832
13 063
3 334
5 574
2,302
1 242
4 828
13 271
3,505
5 609
2,381
1,237
4 670
13,386
3,514
5 746
2,530
1,232
4, 923
13 406
3 540
5 776
2,621
1 226
4 915
13, 453
3,655
5 767
2,556
1,223
4 875
13 442
3, 791
5 639
2,443
1,219
5 191
13 339
3 788
5 579
2,436
1 219
4 807
13,418 13 766
3, 841
3 888
5 577
5 859
2, 501
2,761
1,218
1 218
5 020 r 5 156
18,679
20, 054
20, 166
19, 203
20, 570
20 380
20 085
20 593
19 814
20 091
21 127
20 199
20 078 '20 921 '20 192
20 253
5,524
C1)
6,670
6,175
(i)
6, 971
6,259
(i)
7,068
6,040
(i)
6,410
6,528
(i)
6,888
5,828
(i)
7 549
6,115
(i)
7 021
6,313
(i)
7,273
6,330
(i)
6 667
6,193
(i)
7,151
6,563
(i)
7 500
6,229
(i)
7 098
6,497 ' 6, 304 ' 6, 129
(i)
m
(i)
6,688
7 271
7 715
6,184
(i)
4,504
138
1,491
3,013
4 601
3 760
3 762
4 029
3 757
3 598
1 101
2 658
1 124
2 638
1,310
2 719
1 174
2 583
1 230
2 368
3 223
3 127
140
' 137
1 104 1 112
2 HO
2 023
4 209
1 619
2 933
1,400
1,996
1,108
1 548
2 000
1,054
1 275
1 679
1 228
1 717
1,425
1 702
807
817
902
1 263
1 482
l!oi2
1 298
1 306
1 155 1 060
1 273 1 299
'863
700
1 379
1 877
953
1 546
2 139
1,' 086
3,143
4,823
3, 506
2,860
3,676
2,900
3,915
2,614
4,013
3,476
3,322
9,463
270
6,474
2,481
238
13, 354
1 395
8 981
2,747
11, 962
10, 600
100
8,509
2,455
655
307
7 935
2,262
96
6 870
8,946
79
7,288
1,515
64
13 114
282
8,828
472
5,792
2, 276
288
11, 720
231
7,246
388
4 840
1,660
357
' 124. 9
'76.3
1
'13 938
'3 940
r 5 ggo
' 2, 911
1 216
' 5 090
(i)
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Co.): A
Valuation, total .
—..
mil. $ 3, 796 3,942
4,639
4,359
3
Index (mo. data seas, adj.)
1957-59=100.. 3132
137
138
138
1,221
Public ownership
mil. $
1,281
1,318
1,535
2,574
Private ownership
do
3,042
2 661
3,104
By type of building:
Nonresidential
do____ 1, 198 1, 291 1,420 1,362
1,709
1 713 2, 006
Residential
_ _ _
do
2 050
889
Non-building construction
do____
933
937
1,227
New construction:
Advance planning (ENR)§
do._._ 2, 770 3,700 3,165 3, 190
Concrete pavement awards:d*
Total
thous. sq. yds_. 10,053 10, 314 12,997 , 10, 831
482
Airports
-•
;
__do_ ._
446
611
240
6, 411 4 7, 489
Roads
do
9, 861
7,714
3,160 4 2, 132
Streets and alleys.
do
2,402
2,716
124
4247
Miscellaneous -.
,_.____
._____do_ .
161
140
121
131
252
9,187
2,241
136
143
154
994
359
5 629
676
206
141
4 770
152
1 348 1 539
3 231
2 861
2,962
185
9 917
2 646
366
HOUSING STARTS AND PERMITS
New housing units started :
Unadjusted:
Total, incl. farm (public and private). __thous_.
One-family structures... _ _ _ _ _ _
do
Privately owned
do
Total nonfarm (public and private)..
do
In metropolitan areas
___do
Privately owned
_
do
Seasonally adjusted at annual rates:
Total, including farm (private only)
Total nonfarm (private only)
136.7
85.1
134.1
132.1
81.4
129 4
152.3
90.7
148 5
160.5
101.4
157 5
164.0
102.1
158 5
145.1
91.7
142 7
144.8
90.2
141 6
126.0
79.6
122 6
143. 1
90.6
141 0
113. 8
69.7
111 4
100.1
59.7
98 5
85.6
51.8
81 5
' 87. 9
134.4
95.8
131.8
129.8
S93.3
127 1
149.5
102.5
145 7
158.2
115.1
155 2
161.3
118.0
155 8
142. 8
102.9
140 4
142.2
97.1
139 0
123.9
89.9
120 5
140. 6
99.0
138 5
111.6
77.1
109 2
98.2
72.4
96 6
84.2
58.9
80 1
87.1
'63.4
84 7
1 531
1 501
1 529
1,507
1 611
1 585
1 505
1 483
1 430
1 408
1 457
1 433
1 591
1 559
1 455
1 429
1 646
1 609
1 469
1 430
r\ 41g
r 1 405
1,280
700
1,271
714
1,306
720
1,242
663
1,281
701
1, 222
694
1,220
689
1,258
741
1, 173
718
1,312
764
1,231
715
' 1, 269
'711
do
do
New private housing units authorized by bldg. permits (12,000 permit-issuing places):*
Seasonally adjusted at annual rates:
Total
thous__ 2 1, 335
One-family structures
do____ 2 750
21,274
2717
'51.5
85 4
'154.3
103.8
r J20 7
' 151 6
' 123. 0
'89.5
'152.2
r i 10 o
102.9
r 14.Q %
158. 2
•I KQ Q
155. 8
m
A
i 409 r 1 *»4.fi
1 4.84.
r l' 465 ' 1 526 1 469
r
' 1, 187
'677
1,220
722
114
CONSTRUCTION COST INDEXES
Dept. of Commerce composite!
1957-59=100
American Appraisal Co., The:
Average, 30 cities.
1913=100__
Atlanta
__
do
New York
_. do
San Francisco
_
__.do
St. Louis
_
do
Associated General Contractors (building only)
1957-59=100..
109
112
111
112
112
112
113
113
113
113
113
113
114
114
114
780
802
794
798
800
806
808
809
811
811
812
814
815
815
815
857
858
761
760
114
878
888
792
785
870
884
780
777
872
884
780
786
119
117
118
872
884
794
786
872
893
799
786
887
895
800
786
887
897
802
786
892
889
803
788
892
890
803
796
892
890
803
797
119
119
120
120
120
'.^120
120
' Revised.
i Not yet available; estimate included in total.
2 Annual total (also for
breakdown of new construction value).
s Computed from cumulative valuation total.
4 Prior to 1964, "miscellaneous" yardage was included with data for roads and streets.
s Effective Jan. 1964, based on 1964 definition of standard metropolitan statistical areas;
not strictly comparable with earlier data.
tRevised series.
Revised monthly data for 1946-63 appear in Construction Report
C30-61 Supplement (Bu. of the Census).
9 Includes data not shown separately.
AMonthly averages are based on annual totals
including revisions not distributed by months.
773-981 O-65-4
917
804
804
901
917
804
804
121
121
QQO
901
917
804
QftA
121
Q01
917
804
cnq
121
122
§Data for Apr., July, Oct., and Dec. 1964 and Apr. 1965 are for 5 weeks; other months, 4
weeks. Comparable data prior to 1961 not available.
cf Data for June, Sept., and Dec. 1964 and Mar. 1965 are for 5 weeks; other months, 4 weeks.
* New series (from Bu. of Census reports, Series C-20). The 12,000 permit-issuing places
covered by these data account for a major portion (about 83 percent) of private residential
building in the United States (1959-63 data for 10,000 places are also provided in Series C-20
reports).
JRevised to 1957-59 reference base; also reflects revision of basic data.
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
| 1964
Monthly
average
June 1965
1964
May
Apr.
June
July
Aug.
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
E.H. Boeckh and Associates, Inc.rl
Average, 20 cities:
All types combined..
______1957-59=100__
Apartments, hotels, office buildings____do.-._
Commercial and factory buildings.
do____
Engineering News-Record:
^
.
Building
_ _ _ _ . - — — .1957-59= 100. _
Bu. of Public Roads— Highway construction :
Composite (avg forqtr)
1957-59=100.
110.2
111. 3
110.2
108.5
113.4
111.2
113.4
111.6
112.3
113. 4
112.3
110.7
112.9
114.1
112.9
111. 1
113.6
114. 9
113.6
111.8
114. 1
115.3
114.1
112.2
114.2
115.4
114.2
112.3
114.1
115.3
114.1
112. 3
114.5
115. 8
114.5
112 6
114.6
115. 8
114 6
112 7
114. 7
115. 9
114 6
112 7
114. 9
116. 1
114 8
113 0
115.4
116.7
115. 3
113 4
115 5
116 9
115 4
113 6
115.6
117. 0
115. 5
113 7
112. 7
118.6
116. 1
123.2
115.3
121.9
115. 6
122.3
116. 2
123.1
116.6
124.3
116.9
124.7
117. 1
124. 7
117.0
124.7
117.0
124. 8
117. 0
124 8
116.9
124. 7
117.9
126.0
118.6
126 0
117.8 11 117. 8
126. 0
126 0
2101.0
2102.0
99.3
102.4
103 8
103 2
CONSTRUCTION MATERIALS
Output index:
Composite unadiusted9
161. 0
158.3
142.9
152.5
do_ __
do
do
140.7
140.7
175. 7
154.2
168. 7
164.4
151. 4 ' 158. 8 '155.3
183. 2
176.4
205.9
Mortgage applications for new home construction:
Applications for FHA commitmen t's 0
thous. units..
15.8
15. 2
11.6
9.5
.. .1947-49— 100__
Iron and steel products unadjusted
Lumber and wood products unadj,
Portland cement unadjusted
160.6
149.9
r
162. 7
169 2
165.6
159 1
163. 9
144 9
141.3
147 8
130.7
151 8
127.3 ' 130. 2
136 4 r 147 7
174.8
173.0
166. 8
167.0
156. 4 '149. 3 ' 154. 5 ' 162. 9
225.6
214. 4
216.5
222.6
163 9
161 0
217 3
143 7
141.3
186.0
135 9
132 5
155 3
136 7
131 7
104. 9
167.3
156 5
163.2
148 4
T
r
163 5
169 9
136 2
138 4
93 4
178 4
171 0
134 8
REAL ESTATE
Reciuests for VA appraisals
Sea^onallv adjusted annual rate
18. 7
190
11.1
111
15.8
173
9.5
99
17.9
177
10.8
103
15.2
162
10.7
109
15. 8
176
8.3
88
15.4
174
10.4
121
15.1
183
8.7
112
11.6
194
7.3
118
11.7
193
7 i
118
11.8
202
6.8
113
15.1
203
8.7
124
19.2
184
10 5
110
18. 7
190
9.5
95
16.6
183
10. 4
109
483. 67
206.20
456.89
192.02
570. 30
232.60
616. 55
251. 51
604. 77
245. 93
605. 39
270.33
650. 14
275.73
556. 64
258. 30
562.63
241 82
542. 46
225.40
443. 58
199 82
532. 44
216 46
541. 38
178. 87
515.58
4, 444
4,395
4,769
4, 763
4,781
4,837
4,797
4,784
5,325
4,944
4,851
4, 747
5,219
5, 227
2,042
2,081
2,145
2, 394
2,363
2,164
2,048
2, 051
1, 791
1, 969
1, 527
1,541
2, 056
2,073
587
827
648
543
866
633
579
831
671
597
881
667
624
1,054
716
635
1,037
691
537
1,025
602
498
970
580
531
893
627
462
770
559
522
784
663
370
638
519
379
638
524
••544
r
824
r
688
543
851
679
3,077
8,183
9, 052
3,089
9,475
3,090
9,421
3,388
9, 469
3,519
9,972
3,277
8,744
3,281
9,277
3,225
9,283
8,654
8,987
8, 858
9, 113
•9, 888
-mil. $_. 117. 13
113.93
124. 93
105.98
108. 56
108. 08
99. 47
100.55
106. 11
104. 21
124.59
136. 18
113. 11
138. 63
127
120
140
126
114
142
108
58
90
153
103
101
92
149
do...
do
Home mortgages insured or guaranteed by— Fed. Hous. Adm. : Faceamount
mil.$__ 464. 09 547.77
253. 76 237. 68
Vet Adm * Face amounts
do
Federal Home Loan Banks, outstanding advances
to member institutions
mil. $._ 8 4, 784 35,325
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
- ----doNew nonfarm mortgages recorded ($20,000 and
under) estimated total
mil. $__
Nonfarm foreclosures
- .number..
Fire losses (on bldgs., contents, etc.)
2, 061
r
128.48
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas. adj.:t
Combined index——
_. .1957-59 =100. _
Business papers
_.
do__-_
Magazines
._
_.
do
r
r
118
111
127
125
112
136
124
106
128
123
106
137
128
119
138
126
109
142
117
140
128
112
138
95
88
102
145
103
89
103
157
109
104
105
157
102
86
100
153
105
86
100
159
107
79
101
154
96
83
103
161
108
65
95
167
mil. $__ 2 208. 2
:__do
214.6
___do_ . 22 69. 6
do— __ 39.9
Soaps, cleansers, etc
do____ 2 21. 9
Smoking materials
_ _ _ d o 223.9
Allother___
___'
_do__. 2 38. 4
Spot (natl. and regional, cooperating stations) :
Gross time costs, total ; _ _ : _ _ _ _ _ _ _ m i l . $__ 2 217. 8
Automotive, incl. accessories
do__._ 28.1
Drugs and toiletries
do
242.8
Foods, soft drinks, confectionery—
do__._ 2 73.0
2229.1
214.7
273.1
244.7
222. 1
14.6
69.1
43.7
223. 7
13.4
69.0
42.7
246.6
15.4
79 8
47. 0
22 23. 1
26. 9
2
46. 7
24.5
24.5
45 7
21.0
27.4
50.1
22.3
27.8
54 3
263.7
11.4
47.0
93.1
223.6
9.0
43.4
74.4
26.5
12.4
73.3
24.2
13.7
58.9
Newspapers...-Outdoor
__
Radio (network).
Television (network)
_..
do
do
_ . _ _ _ _ _ _ _ . .do
do
Television advertising:
Network (major national networks) :
Gross time costs, total.
__
Automotive, incl. accessories
Drugs and toiletries
._ __
Foods, soft drinks, confectionery.
Soaps, cleansers, etc..
Smoking materials
All other
_
.........
do
__do
do. .
Magazine advertising (general and natl. farm magazines) :
Cost, total
_._
_ _ — — _ _ _ _ _ — mil. $__
Apparel and accessories _ _ _
do
Automotive, incl. accessories.
__do__._
Building materials
_____do
Drugs and toiletries..
'..
do
Foods, soft drinks, confectionery ...
.do-
2 22. 9
29.7
261.2
77.6
4 8
8.5
2.2
80
2254.0 __.
29.6
248.2
2
88.2
_
224.6
212.5
70. 8
2
83.1
51
9.2
2.3
91
11.2
126
r
126
117
139
r
r
114
r 99
r 163
r
127
119
136
101
96
104
129
141
r
T
104
104
112
r 163
272.8 -_
8.3
49. 8
92.8
83.5
22
8.9
3.0
95
11.6
60.5
58.5
60
4.3
1.5
7 4
8/5
85.7
95
8.0
2.9
84
9.5
114.9
18.0
2.6
11 9
12.9
103.8
63
11.2
1.9
11 8
13.6
80. 2
6.3
2.0
77
10.2
Beer^ wine, liquors
do
4 7
49
45
52
Household equip., supplies, furnishings _ _ do
5.5
7.1
6.0
9.6
Industrial materials
_ _ do
37
40
49
54
Soaps, cleansers, etc......
do__ ._
1.0
1.3
2.1
1.9
Smoking materials.
do
30
32
2 7
32
Allother
... _
do
25.8
26.7
30.0
33.2
'2 Revised.
1 Index as of June 1,1965: Building, 118.7; construction, 127.8.
Annual average based on quarterly data.
s End of year.
iCopyrighted data; see last paragraph of headnote, p. S-l.
9 Includes data for items not shown separately.
4 8
7.7
46
1.2
37
26.3
37
4.3
32
.8
32
27
3.3
32
.7
30
42
8.0
46
1.6
32
f> 7
7 fi
8.4
63
2.0
38
8.2
4 7
2.3
9 7
5.3
32
.9
18.5
is. n
27 9
249.6
88
51 9
90 2
23.6
13. 7
84 5
102.7
63
11.5
3.6
9 8
12.9
93.3
75
10.6
3.5
86
11.8
__
7 fi
24 8
3
0.
39 7
q Q
6.1
1.0
10 4
11.1
q a
9K 0
____
:
22 3
13.2
63 2
58.8
1Q
6.5
1.4
ft q
8,7
In
3.2
f) a
1.2
9 7
9.9. 5
77,2
94.1
103.4
103. 7
9.1
1.8
8 C
11.5
10. 9
3.0
11.9
3.7
11.0
3.7
12.3
11.3
a
c
37
3.0
2
1.9
3
1
4.9
6.0
98 *
QO 1
0
2.0
3.4
©Monthly data prior to 1963 are on p. 20 of the Feb. 1965 SURVEY.
§ Data include guaranteed direct loans sold; these became sizable after 1962.
fData revised beginning 1961; revisions prior to Mar. 1964 will be shown later.
•
7. 7
4 a
2.8
QQ K
11.6
- Q@
5.9
9.2
2.7
QK 0
SURVEY OF CURRENT BUSINESS
June 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
S-ll
1965
1964
Monthly
average
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising linage (52 cities) :
Total
mil. linesClassified
----_...do.-..
238. 0
62.5
247.8
65.6
265. 1
68.6
275. 9
74.8
247. 0
68.4
226.5
66.9
238.0
70.5
248.2
64.9
265. 0
67.6
276.4
63.7
262.3
54.8
223. 8
65. 2
214.5
62.5
256.3
71,3
271.8
72.7
175.6
12.5
4.9
23. 8
134.3
182.2
13.3
5.1
24.4
139.4
196. 5
15.7
5.6
28.8
146.4
201. 1
17.1
4.8
29.2
150. 0
178.6
16.2
5.2
25.9
131.3
159. 6
12.8
5.8
19.6
121.4
167.5
11.8
3.9
17.5
134.4
183.4
15.6
4.4
24.9
138.5
197.4
12.6
5.2
30.1
149.5
212.8
13.1
4.7
30.1
164.8
207.5
9.3
5.0
22.2
171. 1
158. 6
10.6
7.3
19.3
121.4
152. 0
12.0
4.3
19.8
116.0
185. 0
14.3
5.4
24. 8
140.4
199. 1
16. 6
5. 7
25.4
151.4
20, 536
21,802
21, 186
22,508
22,242
22, 145
21, 778
21, 313
22, 605
21,720
27,719
20, 581
19,608
6,675
3,830
3, 600
230
7,093
4, 041
3,800
240
7,360
4,453
4,215
238
7,693
4,551
4,289
262
7, 719
4,387
4, 110
277
7,399
4,159
3,896
263
7,011
3,853
3,611
242
6,893
3,728
3,503
225
7,133
3,858
3, 614
244
6,813
3,713
3,471
242
8,201
4, 370
4, 057
313
6, 665
4,219
4,032
187
6,664
4,247
4,069
178
'7,709
'4,958
' 4, 744
'214
'8,076
' 5, 053
4,798
255
1
8,
1
do
do...
do— _
968
622
346
1,091
705
386
1,004
663
341
1,043
685
358
1,112
735
377
1,098
708
390
1,111
735
376
1, 088
696
392
1,182
776
406
1,169
752
417
1,488
890
598
953
631
322
903
598
305
' 1, 000
'665
'335
' 1, 009
678
331
11,067
Lumber, building, hardware group
.do...
Lumber, bldg. materials dealers c?
do____
Hard ware stores.
_____do___
964
743
221
970
738
232
938
721
217
1, 047
801
246
1,129
879
250
1,109
872
237
1,052
823
229
1,045
814
231
1,118
871
247
995
743
252
992
643
349
743
553
190
697
528
169
13,861
1,205
232
466
300
207
14,709
1,297
252
510
316
219
13,826
1,140
' 204
463
262
211
14,815
1,282
240
506
303
233
14,523
1,238
254
465
302
217
14, 746
1,118
221
427
275
195
14, 767
1,209
220
463
314
212
14, 420
1,289
234
497
323
235
15, 472
1,376
269
547
345
215
14,907
1,355
273
539
333
210
19,518
2,324
523
924
571
306
13, 916
1, 100
231
439
247
183
681
1,506
4,929
4,463
1,614
715
1, 617
5, 183
4,689
1,691
665
1,547
4,898
4,414
1,617
713
1,650
5,248
4,739
1,708
705
1,711
5,114
4,613
1, 754
707
1,796
5,484
4,971
1,820
708
1,805
5,283
4, 780
1, 801
701
1,671
5, 099
4,612
1, 701
724
1,688
5,528
5,031
1, 761
689
1,568
5, 017
4,546
1,712
966
1,658
5,762
5,208
1,790
716
1,559
5,242
4,786
1, 679
692
1,453
4,854
4,405
1,561
'731
'1,595
'5,158
'4,684
' 1, 698
'730
'1,696
' 5, 403
'4,905
'1,783
1745
1, 830
5,515
4,998
1, 881
General merchandise group 9 '_...- ... — _do____ 2,388
1,390
Department stores _
__ __do
177
Mall order houses (dept. store mdse.) -do__ _.
385
Variety stores_______
_____„
__do___ .
472
Liquor stores.
___
____-._do__
2,643
1,553
195
431
497
2,310
1,366
179
361
446
2,479
1,463
173
399
485
2, 491
1,481
170
395
472
2,380
1, 384
158
398
500
2,591
1,513
195
421
489
2,550
1,519
189
400
475
2,801
1,668
209
430
510
3, 021
1, 761
262
473
518
5,048
2, 977
341
901
770
2,094
1,254
135
311
455
1,998
1,159
147
333
433
'2,391 ' 2, 820
'1,418 '1,673
192
194
'371
462
'448
469
2, 791
1, 666
21, 392
21,777
21,773
21,935
22, 266
22, 254
21, 383
21,661
22,781
22,900
7,010
4,026
3, 788
238
7,218
4,126
3,880
246
7,002
3,885
3,645
240
7, 060
3,989
3,755
234
7, 324
4,259
4,025
234
7,541
4,531
4,301
230
6, 496
3,495
3,265
230
6,695
3,685
3,428
257
7,645
4,588
4,344
244
7,855
4, 709
4,470
239
7,966
4,855
4,608
247
'7,669 ' 7, 564 17,648
'4,592
4, 470
' 4, 352
4,220
'240
250
Furniture and appliance group _.__
do
Furniture, homefurnishlngs stores.. ~do____
Household appliance, TV, radio
—do .
1,095
701
394
1,080
699
381
1,108
735
373
1,107
709
398
1,094
719
375
1,067
679
388
1,088
703
385
1, 098
701
397
1,113
702
411
1,103
748
355
1,081
715
366
'1,094
'720
'374
1,096
714
382
Lumber, building, hardware group _ _ _ _ _ do _ _ _ _
Lumber, bldg. materials dealersd"-— -do____
Hardware stores
do____
912
707
.205
974
754
220
992
765
227
954
732
222
938
711
227
966
729
237
983
741
242
982
721
261
1, 004
742
262
1,050
805
245
991
756
235
'970
'746
'224
966
734
232
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
14, 382
1,272
241
504
308
219
14,559
1,295
250
502
320
223
14,771
1, 322
244
522
338
218
14,875
1,316
257
509
333
217
14, 942
1, 363
269
519
351
224
14,713
1, 285
261
504
314
206
14, 887
1,301
259
512
320
210
14,966
1,310
261
517
303
229
15,136
1,300
257
518
299
226
15,045
1,327
258
531
315
223
Drug and proprietary stores______
_do___
Eating and drinking places..
do
Food group
_
-___________do____
Grocery stores.
_ _ _ _ _ _ _ do _
Gasoline service stations
_do
689
1,599
5, 064
4, 574
1, 674
713
1, 589
5,034
4,540
1,670
721
1,623
5, 202
4, 704
1,683
726
1,642
5,261
4, 769
1,701
722
1,633
5,234
4, 743
1,690
734
1,600
5,250
4,755
1,695
739
1, 637
5, 229
4,736
1,722
724
1,609
5,258
4,774
1,738
731
1,653
5,409
4,913
1,755
734
1,704
5,192
4,714
1,749
745
1,720
5,338
4,841
1,798
'748
' 1, 699
' 5, 301
'4,809
' 1, 774
754
1,738
5,423
4, 930
1,812
General merchandise group 9 _ . _ _
_<?:>
Department stores
___c )
Mail order houses (dept. store mdse.) _ c . _ _ _
Variety stores— _
di '
2, 514
1,467
192
421
436
2,589
1,543
190
420
495
2,620
1,533
200
427
503
2,686
1, 580
192
443
495
2,734
1,630
205
439
494
2,591
1,516
192
427
499
2,664
1,568
198
429
503
2,738
1, 580
191
466
509
2, 762
1,600
196
442
508
2, 832
1,715
» 193
439
499
2,848
1,712
196
456
515
'2, 801
' 1, 666
208
'454
'504
2,822
1,700
197
438
498
Display, total _ _
Automotive
Financial .
General
.
Retail
__- ..do...
do
__do
do...
do
--
RETAIL TRADE
All retail stores:
Estimated sales (un adj.), total-
_ _
.mil. $
Durable goods stores 9
__do
Automotive group _ _ _
_do___
Passenger car, other auto, dealers
do____
Tire, battery, accessory dealers.
do...
Furniture and appliance group .
Furniture, homefurnishings stores
Household appliance, TV, radio—
Nondurable goods stores 9 -—•-•—•—.—-— do. __
Apparel group
do
Men's and boys' wear stores
__do
Women's apparel, accessory stores d o _ _ _
Family and other apparel stores
_do_ __
Shoe stores
__do
Drug and proprietary stores.. _„____ do__
Eating and drinking places—
_____do____
Food group
do
Grocery stores. _ - _ ^
__
do
Gasoline service stations..— _ - - - _ _ _ — —do____
Estimated sales (seas, adj.), total J _
«_do _
Durable goods stores 9 -— • do—
Automotive group
_____do
Passenger car, other auto, dealers— —do_^_
Tire, battery, accessory dealers.
_do___
'21,915 '23, 558
' 829
'636
'193
23, 929
160
4, 982
997
755
242
12,944 '14,206 '15,482 115,769
917 ' 1, 072 ' 1, 413 11,313
181
'193
254
378
'448
560
206
241
326
152
'190
273
23,317 '22,805 '22,901 123,467
15,351 '15,136 '15, 337 115,819
1,261
1,255
1,335
'253
251
265
'513
503
531
__
285
298 _
320
'210
203
219
Estimated inventories, end of year or month:!
Book value (unadjusted), total- ________mil. $_ 28,500
Durable goods stores 9 — _ _ _ _ . . _ _
do
12,255
Automotive group..
___„
do
5,353
1,975
Furniture and appliance group. -_____do
Lumber, building, hardware group__.do__" 2,316
28,780
11,993
5,010
2, 000
2,316
30,566
13,508
6,157
2,055
2, 447
30,352
13,481
6,085
2, 064
2,452
30,118
13,380
6,027
2,040
2,452
29, 851
13, 112
5,849
2,041
2, 398
29, 227
12, 127
4,874
2, 024
2,388
29, 672
12, 026
4, 763
2,074
2,374
29, 897
11, 603
4,345
2, 107
2, 346
30, 628
11, 998
4,605
2, 137
2,351
28,780
11,993
5, 010
2,000
2, 316
29,035
12, 479
5,440
1,989
2,352
29,778
12,921
'.5,783
2,017
2,374
'31,139
' 13, 582
6,220
' 2, 069
' 2, 473
31, 557
13,856
6,373
2,131
2,457
Nondurable goods stores 9 _ _ -—..—.do
16,245
Apparel group. __
__________
..do""" 3,380
Food group
,
.
_ do
3,554
General merchandise group
do_
4, 767
Department stores*....
________do"" 2, 512
16, 787
3, 509
3, 783
4,824
2,626
17,058
3,655
3,691
5, 035
2,613
16,871
3, 570
3,673
4, 978
2,608
16,738
3,499
3,664
4, 931
2,555
16,739
3,482
3,619
5, 033
2, 616
17, 100
.3,728
3,631
5, 116
2,707
17,646
3,906
3,719
5, 381
.2,875
18, 294
4, 017
3, 818
5,745
3, 131
18,630
4,059
3,835
5,888
3, 232
16,787
3, 509
3, 783
4,824
2, 626
16, 556
3,392
3, 733
4, 789
2, 548
16,857 '17,557
3,538 '3,854
3,736 ' 3, 780
4,971 ' 5, 278
2,648 '2,835
17,701
3,864
3,822
5,322
2,868
B ook value (seas, adj .) , total. __.___.„. do
29,383 29, 621 29,961 29,926 30,180
Durable goods stores 9.
.do""" 12,509 12,220 13,045 13,024 13,079
Automotive group.
_____do_~" 5, 435
5, 045
5,701
5,624
5,724
Furniture and appliance group-._____do__I_ 2, 013 2,033 2,041 2, 066 2,054
Lumber, building, hardware group, _do__.. 2,402 2,398 2, 357 2, 371 2, 399
'Revised.
i Advance estimate.
9 Includes ciata not shown s eparatel}
cfC)omprises lumber yards, building materials dealers, and paint, pi umbing, and elec r.
trical stores.
, JRevised (back to Jan. 1953) to reflect use of nevf seasons 1 factors and new adjustm ents
for trading day differences.
Revisions for period 3 not sh own her 3 appear in the July
1963 Census report, "Monthly Retail Trade Report , Adjusted Sales, Supplenaent."
30,129
12, 924
5, 619
2, 070
2, 377
29, 967
12,762
5, 570
2,024
2,383
30,082
12, 867
. 5, 677
2,045
2, 388
29, 314
12, 076
4,983
2,030
2,379
29, 332
12,066
4,973
2,026
2,382
29,621
12,220
5,045
2,033
2, 398
30,025
12, 583
5, 276
2,061
2,447
30,080
12,703
5,345
2,086
2,425
1
30, 544
13, 078
5,680
' 2, 081
' 2, 422
30, 925
13, 311
5, 852
2, 118
2,378
fRev ised serit>s. Rev: sed to t ake account of b enchmar k data irrom the 1962 an d 1963
Annua I Survey s of Ret ail Tradey, revisic ns throu gh 1962 appear on pp. 16-19 of tt e Dec.
1963 STJRVEY arid those back to .Fan. 1963on p. 28 of the Sept. 1964 SURVEY
*Ne\v series; f or earlier periods back to Dec. 1956 see p. 32 of the A pr. 1964 SURVEY
SUEVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963 | 1964
June 1965
1964
Monthly
average
Apr.
May
June
July
Aug.
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
DOMESTIC TRADE—Continued
RETAIL TRADE-Continned
All retail stores— Continued
Estimated inventories, end of yr.ormo.§— Con.
Book value (seas, adj.) — Continued
Nondurable goods stores 9
_ _ _ _ _mil. $_ _ 16, 874
3,539
Apparel group
do
3,568
Food group
do
General merchandise group
do
5,186
2, 730
Department stores*
do
Firms with 4 or more stores:
Estimated sales (unadjusted), total
do
5,813
Firms with 11 or more stores :
Estimated sales (unadj.), total?
do.— 4, 857
17, 401
3,682
3,833
5,192
2,821
16,916
3,630
3,665
4,999
2, 557
16,902
3,610
3,651
4,996
2,600
17, 101
3,672
3,664
5,102
2,670
17, 205
3,692
3,670
5, 215
2,751
17, 205
3,698
3,709
5,117
2,734
17, 215
3,681
3,730
5,112
2,730
17,238
3,672
3,729
5, 137
2,754
17, 266
3,687
3,727
5,159
2, 779
17,401
3, 682
3,833
5,192
2,821
17,442
3,667
3,834
5,262
2, 834
17,377 '17,466
3,659 ' 3, 820
3,762 ' 3, 754
5,274 " 5, 288
2, 844 * 2, 835
17, 614
3,864
3,777
5,336
2,857
6,301
5,819
6,253
6,109
6,157
6,230
6,186
6,766
6,566
9,280
5,735
5,391 '6,099
6,825
5, 266
4,858
5,233
5,107
5,169
5,202
5,133 * 5,637
5,451
7,734
4,699
4,368
4,972
5, 611
304
26
132
86
141
111
44
350
33
148
100
152
120
47
335
32
144
94
152
131
46
292
26
125
82
153
134
44
329
25
143
91
151
138
47
341
28
140
103
154
129
45
361
36
153
90
160
127
53
367
37
161
91
155
120
54
626
67
272
147
252
123
56
263
28
106
74
149
115
36
225
22
93
65
145
111
37
290
25
124
81
162
126
46
406
36
162
124
167
132
44
1,592
1,002
281
1,975
61
96
1,696
1,074
306
2,125
69
106
1, 698
1,075
304
1,981
79
115
1,605
1,003
299
2, 158
81
108
1,756
1,089
320
2,021
75
101
1, 717
1,079
305
1,999
77
93
1,877
1,182
330
2,293
75
104
2,004
1,247
350
1,981
68
102
3,358
2,089
675
2, 332
56
142
1, 375
887
229
2,125
48
80
1,286
793
246
1,952
46
74
1,580
994
280
2, 081
56
89
1, 885
1, 192
345
2,222
67
108
do
5,105
5,165
5,240
5,311
5,366
5,296
5, 309
5,382
5,440
5,367
5,439
5,397
5,487
Apparel group 9
do
Men's and boys' wear stores
do
Women's apparel, accessory stores __ _ do
Shoe stores
do
Drug and proprietary stores
do
Eating and drinking places
do
Furniture, homefurnishings stores
do
343
31
151
91
147
112
46
348
34
146
95
157
115
45
349
32
153
91
156
127
46
351
33
149
96
161
126
46
369
33
156
103
158
130
48
337
33
142
92
165
125
47
341
33
144
90
167
123
46
349
32
149
100
160
122
47
353
32
148
100
163
122
45
355
33
151
94
159
124
49
347
34
145
92
163
127
46
333
30
143
89
169
128
46
346
36
144
93
177
134
46
1,718
1,049
329
2,030
61
96
1,768
1, 110
320
1,999
64
99
1,759
1,087
324
2,066
67
100
1,791
1,124
329
2,084
67
96
1,830
1,154
328
2,083
64
100
1,755
1,093
327
2,105
68
97
1,783
1,113
325
2, 113
63
100
1,830
1,147
344
2,110
66
106
1,819
1,145
330
2,174
66
103
1,897
1,223
336
2,045
70
105
1,870
1,180
344
2, 133
65
106
1,867
1,164
343
2,117
65
102
1,859
1,180
325
2, 164
66
107
14, 853
6,218
8,635
7,431
7,422
15,384
6,491
8,893
7,718
7,666
15,296
6,647
8,649
7,594
7,702
15,463
6,691
8,772
7,535
7,928
15,519
6,724
8, 795
7,502
8,017
15,689
6,833
8, 856
7, 555
8,134
15,729
6,799
8, 930
7, 584
8, 145
15,813
6,646
9,167
7, 611
8,202
16,929
6,885
10, 044
8, 025
8,904
16,401
6,627
9, 774
7, 703
8,698
15,848 ' 15, 747
6,474 '6,430
9,374 r 9, 317
7, 466 r 7, 435
8,382 ' 8, 312
16, 110
6,594
9,516
7,723
8,387
1 14, 577 i 15, 798 r 15, 089
6,412
6,456
6,696
8, 121
9,102 ' 8, 677
7,528
7,374
7,555
7,561
7, 203
8,243
15,355
6,508
8,847
7,588
7,767
15, 270
6,542
8,728
7, 555
7,715
15, 596
6,511
9,085
7,576
8,020
15, 626
6,501
9,125
7,492
8,134
15,854
6,678
9,176
7, 593
8,261
15, 767
6,607
9, 160
7,464
8,303
15, 732
6,528
9,204
7,462
8,269
15, 798
6,696
9,102
7,555
8,243
16,038
6,823
9,215
7, 776
8,262
16,381
6,907
9,474
7,874
8,507
16, 337
6,810
9,527
7,784
8,553
do
do
do
do
__do—...
_do._._
do
316
30
134
88
144
104
42
345
32
146
95
158
120
46
General merchandise group 9
do
Dept. stores, excl. mail order sales
do
Variety stores
_
do
Grocery stores
__do
Lumber yards, bldg. materials dealers d*~do
Tire, battery, accessory dealers...
do —
1,585
985
295
1,974
63
91
1,781
1,113
327
2,075
66
100
Apparel group 9
IVten's and boys* wear stores
Women's apparel, accessory stores
Shoe stores
Drug and proprietary stores-.
Eating and drinking places
Furniture homefurnishings stores
Estimated sales (seas adj ) tota!9t
General merchandise group 9
Dept stores, excl mail order sales
Variety stores
Grocery stores..
•.
Lumber yards, bldg materials dealerscf
Tire, battery accessory dealers
do
do
do
do
do
do
All retail stores, accounts receivable, end of mo.:
Total (unadjusted)
mil $
Durable goods stores
do
Nondurable goods stores _ . _
..do
Charge accounts
do
Installment accounts
do
Total (seasonally adjusted)©
Durable goods stores
Nondurable goods stores
Charge accounts
Installment accounts
.
do
do
do
do
do
Department stores:
Ratio of collections to accounts receivable:
Charge accounts
.percentInstallment accounts
do
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales
do
Tnsta.llTne.Tit sales
do
115,599 i 16, 929
6,626
6,885
8,973 10, 044
7,826
8, 025
7,773
8, 904
' 16, 249
' 6, 784
' 9, 465
r 7, 794
r 8, 455
49
17
49
17
48
18
48
17
51
18
50
17
48
17
49
17
50
18
50
18
50
18
49
17
48
17
50
18
47
17
43
39
18
43
39
18
42
40
18
43
40
17
44
38
18
45
37
18
44
38
18
43
39
18
42
40
18
43
39
18
46
38
16
43
36
21
43
38
19
43
39
18
43
39
18
192. 85
193. 08
193.29
193. 50
193. 68
193. 85
194.03
,
EMPLOYMENT AND POPULATION
POPULATION
Population, U.S. (incl. Alaska and Hawaii):
Total, incl. armed forces overseas©
_; mil__ 2 189. 42 2192.12
EMPLOYMENT
Noninstitutional population, est. number 14 years
of age and over, total, unadj
______mil_. 132. 12
191. 46
191. 67
191.89
192. 12
192. 36
192. 60
194, 20
134. 14
133. 68
133.87
134.04
134. 22
134. 40
134. 59
134. 77
134. 95
135. 14
135. 30
135.47
135. 65
135.81
135.98
75,712
72,975
68, 809
4,946
63,863
76,971
74, 233
70, 357
4,761
65, 596
76, 544
73, 799
69, 877
4,429
65, 448
77, 490
74, 742
71, 101
5,007
66, 094
79, 389
76, 645
71,953
5,853
66, 100
78,958
76, 218
72, 405
5,819
66,586
78, 509
75, 758
72, 104
5,400
66,704
76,865
74,122
70,805
5,230
65,575
77, 112
74,375
71, 123
5,126
65, 997
76, 897
74, 166
70, 793
4,545
66,248
76, 567
73, 841
70,375
3,785
66, 590
75,699
72, 992
68,996
3,739
65,257
76, 418
73, 714
69, 496
3,803
65,694
76,612
73, 909
70, 169
3,989
66, 180
77,307
74,621
71, 070
4,473
66,597
78,425
75, 741
72, 407
5,128
67, 278
4,166
1,088
5.7
___thous_. 56, 412
3,876
973
5.2
57, 172
3, 921
1,237
5.3
57,135
3,640
1,084
4.9
56, 376
4,692
1,007
6.1
54, 652
3,813
857
5.0
55,258
3,664
790
3,317
764
3, 252
780
3,373
759
55,891
57, 721
57, 661
58, 055
3,466
802
4.7
58, 568
3, 996
845
5.5
59, 603
4, 218
1,050
5.7
59, 051
3, 740
1,019
5.1
59, 039
3,552
1,050
4.8
58, 504
3,335
804
4.4
57,556
Civilian labor force, seasonally adjt__
do
74,507 74, 477 74,305
Employed, total
do
70, 486 70, 639 70, 345
Agricultural employmen t _ _ _
do
4,849
4,791
4,826
Nonagricultural employment
__do
_ _ _ _ _ _ _ 65, 695 65, 790 65, 519
Unemployed (all civilian workers)
do
4,021
3,838
3, 960
Long-term (15 weeks and over)... do
952
938
1,066
Rates (percent of those in group) :
All civilian workers5.4
5.2
5.3
Experienced wage and salary workers
5. 5
5. 0
5.1
4.9
5.3
'Revised.
1 End of year.
2As of July 1.
§See note ma rked "f ' on p.S-ll.
9 Includes data not shown separately.
*New series; see correspotiding no te on p. S-ll.
cf Comprises lumber yards, building materials dealers, and painl , plumb ing, and electncal stores. fSee note marked "J" on p. S-ll.
©Seasonally adju sted datei back to Jan.
1959 are available from Bureau of the Census (Wash., D.C., 20233) .
74, 188
70, 496
4,864
65, 632
3,692
962
74,255
70, 458
4,817
65,641
3, 797
910
74, 280
70,465
4,815
65, 650
3,815
924
74, 259
70, 379
4,721
65,658
3,880
933
74,409
70, 755
4,671
66,084
3,654
932
74,706
71, 004
4,541
66, 463
3,702
889
74,914
71,284
4,513
66, 771
3,630
823
75, 051
71,304
4, 595
66, 709
3,747
905
74, 944
71,440
4,550
66, 890
3,504
800
75,377
71, 717
4, 843
66, 874
3,660
809
75, 443
71,937
4,958
66,979
3,506
696
5.0
4.8
5.1
4.9
5.1
4.9
5.2
5.0
4.9
4.7
5.0
4.5
4.8
4.5
5.0
4.6
4.7
4.3
4.9
4.5
4.6
4.2
Total labor force, incl. armed forces
Civilian labor force, total
Employed, total
Agricultural employment. _
Nonagricultural employment
____thous._
do
do
...do
do
Unemployed (all civilian workers)
Long-term (15 weeks and over)
Not in labor force...
do
do
OR evisions for May 1960-Dec . 1963 are availat)le upon request,
JRe vised m onthly (lata (ba<3k to Jain. 1957) appear in the "Monthly Report on the
Labor Force," Jan. 196 5, U.S. E ept. of I^abor, W ash. ,D.<D., 20210
SURVEY OF CUEKENT BUSINESS
June 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
Monthly
average
S-13
1964
Apr.
May
June
July
Aug.
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May P
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls (nonagricultural estab.):f
Total unadjusted!
thous
56, 643
58,188
57,329
57,874
58, 596
58,418
58, 680
59,258
59, 164
59,441
59,938
58, 271
58,398 '58,847 '59,547
60,014
Manufacturing establishments „____.
do.— 17, 005
9,625
Durable goods Industries
__do
7,380
Nondurable goods industries.
do
17, 303
9,848
7, 455
17, 058
9,756
7,302
17,135
9,798
7,337
17,350
9,903
7,447
17,299
9,855
7,444
17, 498
9,836
7,662
17, 792
10, 105
7,687
17, 428
9,806
7,622
17, 638
10, 071
7, 567
17, 601
10,093
7,508
17, 456
10,045
7,411
17, 538 '17,643 '17,729
10, 101 '•10,162 '10,269
7,437 ••7,481 '7,460
17,800
10,322
7,478
635
80
148
289
635
82
144
289
627
83
144
283
634
84
142
285
651
85
143
295
646
78
143
297
647
78
143
297
645
80
144
292
644
84
145
288
643
85
145
289
635
84
146
287
619
84
144
282
2,983
do
3,914
do
772
do ,.
272
.do ... -
3, 106
3,976
758
275
2,921
3,924
758
277
3,130
3,952
761
278
3,308
4, 005
767
269
3,424
4, 031
771
262
3, 482
4,043
770
260
3,391
4,045
761
277
3,376
4, 028
755
280
3,273
4,013
747
280
3,053
4,024
748
282
2,837
3,880
728
283
912
201
685
610
949
212
702
612
914
207
695
608
928
209
697
610
963
212
705
616
971
215
715
625
977
216
716
625
991
217
712
617
984
217
708
610
980
218
710
608
975
220
710
609
939
220
711
607
do— 11,803
3,119
do
8,685
do
2,873
.do
8,230
do
9,199
do
12, 188
3, 220
8,969
2,944
8,533
9,502
11,919
3,161
8, 758
2,919
8,453
9,508
12, 031
3,170
8,861
2,931
8,548
9,513
12, 180
3,211
8, 969
2,964
8,654
9,484
12, 173
3,245
8,928
2,998
8,698
9,149
12,201
3,266
8,935
2,998
8,676
9,135
12, 243
3,258
8,985
2,972
8,661
9,509
12, 341
3,269
9,072
2,961
8,676
9,710
12, 518
3,272
9,246
2,958
8,608
9,790
13, 166
3,298
9,868
2,957
8,585
9,917
Total, seasonally adjustedf
_
do
156,643 158,188
Manufacturing establishments.
do
17, 005 17, 303
Durable goods industries.
do
9,625 9,848
258
Ordnance and accessories—
_____do
274
596
Lumber and wood products
__do— 587
402
Furniture and
fixtures
...do
389
616
602
Stone, clay, and glass products
...do— —
1,226
1,172
Primary metal industries
__do
57,827
17,224
9,798
267
600
398
613
1, 196
57,931
17, 225
9,780
265
596
398
613
1, 199
58,104
17,285
9,826
260
593
402
616
1,222
58,256
17,344
9,890
255
599
405
618
1,246
58,301
17, 339
9,886
250
595
403
617
1,242
58, 458
17, 449
9,986
248
593
405
620
1,258
58,382
17, 171
9,702
247
591
407
616
1, 253
58,878
17, 505
9,992
245
595
409
618
1,269
Mining, total 9
_
do
Metal mining _
___do
Coal mining
do
Crude petroleum and natural gas____..do
C6n tract construction
Transportation and public utilities 9
Railroad transportation
_
Local and interurban passen ger transit
Motor freight trans, and storage
do
Air transportation
_
do
Telephone communication
__
do
Electric, gas, and sanitary services.. ...do-Wholesale and retail trade _ _ _ _ _ _
Wholesale trade
Retail trade
Finance, insurance, and real estate.
Services and miscellaneous
Government
-
616
84
143
280
615
84
140
279
'623
84
140
279
630
2,756 ••2,865 ' 3, 022
3, 933 3,985 ' 4, 005
726
730
736
281
'280
280
3,256
4,043
936
220
713
607
950
222
718
'607
956
224
723
610
12,275
3,254
9,021
2,949
8,515
9, 740
12,209 '12,262
3,252
3,260
8,957 ' 9, 002
2,960 '2,973
8,564 '8,623
9,822 ' 9, 881
'12, 522
'3,274
'9,248
'2,986
' 8, 755
'9,905
12, 513
3,290
9,223
3,001
8,856
9,915
59,206
17, 622
10,088
242
598
413
620
1, 271
59,334
17,705
10,150
243
597
415
623
1, 277
59,676
17, 772
10,210
242
604
418
623
1,278
'59,992 '59,916
'17,849 '17,894
'10,259 '10,310
241
242
'600
'608
'422
'423
'625
628
1,279
'1,278
60,064
17, 888
10,301
243
598
424
623
1,264
'1,237 '1,265
'1,687 ' 1, 691
'1,626 '1,640
1,264
1,695
1, 651
' 1, 746
'379
'421
1,747
376
416
'7,590 ' 7, 584
' 1, 735 ' 1, 711
85
85
'921
'923
1,347 '1,357
'641
639
974
971
' 894 '893
'184
183
'458
453
'359
361
7,587
1,711
85
923
1,360
642
972
894
182
457
361
Fabricated metal products
do
Machinery
do
Electrical equipment and supplies __.do
1,153
1,531
1,557
1, 197
1,612
1,549
1,190
1,589
1,536
1,185
1,597
1,533
1,192
1, 608
1,537
1,196
1,620
1,550
1,208
1,625
1,546
1,223
1,643
1,558
1,179
1, 644
1,560
1,213
1,643
1,572
1,232
1,665
1,588
1, 242
1,672
1,597
1,260
1,674
1,610
Transportation equipment.
do—
Instruments and related products
do
Miscellaneous manufacturing m d _ _ _ _ d o
1,609
365
387
1,623
369
400
1,646
368
395
1,633
367
394
1,628
369
399
1,632
371
398
1,632
369
399
1,667
369
402
1,429
368
408
1, 646
371
411
1,671
374
414
1,696
374
414
1,706
378
417
Nondurable goods industries
do Food and kindred products, _
__do
Tobacco manufactures.
.do
Textile mill products
.. _
do
Apparel and related products.
do
Paper and allied products
do
Printing, publishing, and allied lnd__do
Chemicals and allied products _ _
do....
Petroleum refining and related lnd.._do
Rubber and misc. plastic products ...do—
Leather and leather products __
.do
7,380
1,744
88
889
1,284
620
931
865
190
418
351
7,455
1,730
88
897
1, 310
630
952
877
187
430
354
7, 426
1,730
88
895
1, 298
629
948
871
187
427
353
7,445
1,731
89
895
1,305
630
952
874
187
429
353
7,459
1,720
89
895
1,323
631
953
880
187
427
354
7,454
1,719
89
894
1,309
632
955
879
187
433
357
7,453
1,726
83
895
1, 311
631
954
879
185
435
354
7,463
1,716
82
899
1,317
632
956
881
185
439
356
7,469
1,717
90
899
1, 319
634
955
.878
187
433
357
7,513
1,737
92
904
1, 329
635
956
882
185
436
357
7,534
1,743
88
909
1,333
634
962
885
185
438
357
7, 555
1,741
86
914
1,344
635
964
887
184
442
358
7,562
1, 734
'84
917
1,340
637
* 967
890
184
450
359
1,733
378
420
635
Mining..
_do
637
639
633
633
631
639
634
634
635
639
635
638
627
'629
633
Contract construction
__do
3,244
3,081 3,093 3,106
3,107
3,235
2,983 3, 106
3,103 3,080
3,162
3, 106
3,281 '3,304 '3,188
3,217
3,976
Transportation and public utilities
do... _ 3,914
4,020
3,964
3,965
3,968
3,939
3,983 3,999
4,005
3,997
3,996
3,997
4,059
'4,045
4,042
12,
188
Wholesale and retail trade
do
12, 096 12, 135 12, 187 12, 223 12, 231 12, 229 12, 278 12, 311 12,362 12,447 12, 532 12, 622 12, 568 12, 621
11,803
Finance, insurance, and real estate
__do___. 2,873 2,944
2,931
2,975
2, 979
2,934
2,943
2,948
2,960
2,951
2,964
2,970
2,987 '2,997 '2,998
3,004
Services and miscellaneous
do
8,654
8, 461 8,489
8,509
8,689
8,230 8,533
8,561 8,573 8,592
8,633 8,634
8,730 ' 8, 754 '8,764
8,794
9,502
Government
... . . do
9,692
9,437 9,456
9,470
9,707
9,451
9,199
9,471
9,509
9,660
9,742 '9,791 '9,830
9,596
9,854
Production workers on mfg. payrolls, unadjusted :f
Total, unadjusted!
....thous.. 12,558 12, 808 12, 592 12,666 12,847 12, 768 12, 966 13, 280 12, 915 13, 125 13,082 12, 941 13, Oil 13, 108 13, 175 13,241
Seasonally adjusted
.
__ do
12, 732 12,736 12, 794 12, 839 12,847 12, 956 12, 661 12, 993 13,099 13,168 13,227 13,298 13,314 13,306
Durable goods Industries, unadjusted, .do
7,238
7,030
7,665
7,471
7,421 7,467 r 7, 523 '7,616
7,160
7,201 7,292
7,211 7,490
7,227
7,190
7,454
Seasonally adjusted.
do
7,635
7,467
7,188
7,174
7,219
7,518
7, 271
7,279
7,377
7,089
7,376
7,570 ' 7, 615 '7,645
Ordnance and accessories.
..do •_
107
116
99
110
102
101
100
108
106
'99
104
103
104
103
103
101
Lumber and wood products
do
533
525
521
535
519
534
502
'511
'519
556
560
561
555
543
534
507
Furniture and
fixtures
do
334
323
348
344
341
328
325
334
333
341
346
'349
344
347
346
342
496
Stone, clay, and glass products.
do
484
487
489
473
509
499
513
514
484
'498
519
519
511
506
474
998
Primary metal industries
_________do
947
1, 032
984
1,054
994
1,005
1,035
1,003
1, 060
1,009
1,027
1,013
1,026
1,045 '1,053
456
Blast furnaces, steel and rolling mills -do . . . . 424
444
462
452
478
477
466
470
476
493
487
470
473
'483
Fabricated metal products
.do
920
884
907
954
950
911
927
978
909
'972
931
'941
961
918
946
958
1,121
Machinery
do
1,059
1,121 1,130
1,118
1,159
1,164
1,120
1,118
1,142
1,132
1,130
1, 173 r 1,191 ' 1 196 1,196
1,040
Electrical equipment and supplies. _ _ d o _ _ _ _ 1,037
1,012
1,010
1,022
1,088
1,022
1,118
1,037
1,092
1,068
1, 100 ' 1, 109
1, 075
1,086
1,092
Transportation equipment 9
....do
1,113 1,133
1,157
1, 143
1,223
1, 155
1,117
1,215
1,027
1,259
1, 186
964
1, 237 '1,246
1,192
1,222
593
Motor vehicles and equipment.. ... do
577
614
672
613
606
589
666
495
642
693
'686
683
427
643
675
338
Aircraft and parts
_
do____
348
343
334
336
338
328
336
340
328
336
336
338
334
335
330
234
Instruments and related products
do
232
237
231
230
233
232
235
237
238
239
240
240
234
238
238
320
311
Miscellaneous mfg. Industries....
do____
308
313
323
306
314
325
330
331
345
322
'328
351
347
315
Nondurable goods industries, unadj
do
5,570
5,528
5, 432
5,541 5, 755
5,465
5, 555
5,611
5,520
5, 790
5, 576
5, 585
5, 559
5,725 5,671
5,544
Seasonally adjusted..
do
5,544
5,562
5,568
5,632
5,575
5,568
5,650
5,671
5, 579
5,669
5,572
5,683
5, 617
5,657
Food and kindred products
..do
1,161 1,144
1,070
1,085
1,171 1,262
1,131
1,126
1,081
1,064
1, 272
1,052
1,224
1,059
1, 168
1,057
Tobacco m anufactures _ _ _ _ _
do
76
76
66
65
65
65
82
80
74
91
61
65
'62
95
85
70
Textile mill products..
do.."
802
796
798
800
807
793
809
808
805
811
823
811
'822
818
813
811
1,164
Apparel and related products
do
1,139
1,137
1, 141
1,161 1,133
1, 181
1, 194
1, 170
1,196
1,191 1,191
1, 189
1,215
1,195
1,200
Paper and allied products.
do.___
493
488
488
490
492
498
499
496
490
501
497
499
499
'494
'497
490
Printing, publishing, and allied Ind..do...
591
603
599
601
599
603
602
615
607
610
616
610
612
'616
'614
611
Chemicals and allied products. _
do___.
525
529
533
534
530
533
532
532
528
529
546
525
' 540
'547
527
532
Petroleum refining and related ind__.clo
120
116
115
117
119
118
111
118
110
118
113
116
112
113
'
112
110
Petroleum refining
_ _ _ _ _ _ do
96
92
92
92
93
92
92
89
88
91
91
89
89
'89
89
88
Rubber and misc. plastic products.. .do
322
332
324
328
329
326
342
337
342
345
342
'351
353
343
350
347
Leather and leather products...
do
309
311
302
304
313
313
320
317
315
313
313
317
311
317
'308
318
• ' " Revised.
v Preliminary.
* Total and comp ments a re based on unacljusted <lata.
seasonsilly adjm ted data , all series beginn: rig Jan. 1953 with only mirj or revisi(ms prior to that
fBeginning with the Dec. 1964 SURVEY, data for e mployment, houi•s, earnin gs, and ! abor
' time, Revisioris not sh<3wnareaivailable i n B L S JBulletin ] 312-2, "Employinent ami Earnturnover reflect adjustments to Mar. 1963 benchma rks. Th e revisio Q .affects data bac,k to
ings St atistics f or the U Qited Stzites, 1909-64," $3. 50, GPO Wash., P.O., 20402.
Apr. 1962 for most ser|es, back to Apr. 1957 for total ind Gov eminent employenent, anc1, for
9In<jludes da ta for in<iustries ilot shown separat ely.
SURVEY OF CUREENT BUSINESS
S-14
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1965
1964
1964
Monthly
average
June 1965
Apr.
May
June
July
Aug.
Sept.
Oct.
Mar.
Dec.
Jan.
Feb.
12,452
1247
2, 293
245
2,289
245
2,295
246
2,306
246
'669
671
77.0 '*>76.7
*660
^71.3
^641
p 71. 7
^645
*>72. 5
^650
>73.1
Nov.
Apr.
May*
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Miscellaneous employment data:
Federal civilian employees (executive branch) :
United States
thous—
Wash., D.C., metropolitan area
——do
2,328
239
2,317
244
2,304
241
2,302
241
2,314
246
2,325
249
2,326
247
2,290
243
2, 299
244
Railroad employees (class I railroads) : ©
Total
do__ —
714
Index, seasonally adjusted..... .1957-59= 100- 277.4
683
275.8
685
76.0
688
75.6
693
75.4
696
75.9
695
76.3
684
76.3
678
76.4
124.6
117.9
90.9
134.7
124.7
93.5
124. 1
121.7
90.1
136. 6
123.3
93. 1
146.5
125.8
96. 8
153.3
124.1
94.8
158.8
126.4
96.7
147.8
130. 9
95.6
155. 6
125.4
98.6
142.6
129.4
97.9
133.3
132. 1
96.0
120.2
129.3
93. 1
40.5
40.7
2.8
41.1
3.1
41.4
40.7
40.6
3. 0
41.5
41.3
3.2
40.9
40.6
3.2
41.7
41.4
3.4
40.7
40.6
3.0
41.3
, 41. 3
3.1
40.9
40.8
3. 3
41.5
41.5
3.5
40.7
40.5
3.5
41.5
41.4
3.7
40.7
40.5
3.3
41.3
41.2
3.4
40. 9
40.9
3.3
41. 6
41. 6
3.5
41.4
41.2
3.6
42.3
42.0
4.0
40.9
41. 4
3.3
41.7
42.2
3.6
40.9
41.3
3.3
41. 7
42.0
3.7
41.2
41.4
3.5
42. 1
42.3
3.8
'40.7
' 40. 9
3.1
'41.7
'41.8
3.4
41.2
41.1
3.5
42.0
41. 8
3.8
2,322
245
• INDEXES OF WEEKLY PAYROLLSf
Construction (construction workers) t 1957-59-- 100
Manufacturing (production workers) f
do
Mining (production workers) t
- do
115.6 '123.5
129.9
130.2 '132.5 ' 131. 8
91.5 '91.9
93.9
134.4
HOURS AND EARNINGS t
Average weekly gross hours per production worker
on payrolls of nonagric. estab., unadjusted:!
All manufacturing estab , unadj t
.-hours-
2.9
3.3
40.5
40.7
2.9
41.3
41.4
3.1
41. 0
40.1
40.9
41.3
41.0
40.0
40.4
40.0
41.1
41.5
41.8
41.1
40.3
39.9
40.7
41. 6
41.6
40.9
40.1
40.5
40.5
42.1
41.8
41.0
40.5
40.8
41.1
42. 1
42.0
41.1
39.9
40.5
40.8
42.1
41.6
41.1
40. 1
40.9
41.9
42.1
41.8
41.2
40.0
40.0
41.3
41.6
42.7
43.0
40.6
40.3
42.0
42.1
41.5
41.1
40.6
39.5
41. 8
41.6
41.8
41.1
41.2
39.6
42.5
41.3
42. 4
41.5
41. 2
39.8
40.9
40.7
42.3
41.7
41.0
39.5
41.4
40.7
42.3
41.3
41.3
' 40. 0
41.4
41. 0
42.5
41.6
'40.9
' 40. 1
' 40. 6
'41.1
'44.1
45,7
41.5
41.2
40.9
42.4
42.0
41.4
41.8
40.3
41. 7
42.4
40.6
41.5
42.5
40.3
41.8
42.6
40.3
41.9
42.8
40.5
41.6
42.3
40.3
42.0
42.2
40.6
41.8
41.9
40.6
41. 6
41.8
40.9
42.0
42.5
41.0
42.5
43.3
41.6
41.7
42.9
40.9
41.9
43. 0
41.0
42.3
'43.4
41.1
'41.5
42.5
'40.3
42.5
43.4
40.7
do
do—
do
do
do—
42.1
42.8
41.5
40.8
39.6
42.0
43.0
41.1
40.8
39.6
42.0
42.9
41.0
40.5
39.6
42.1
43.0
40.9
40.7
39.4
42.6
43.9
41.2
41.1
39.7
41.6
42.4
41,0.
40. 8
39.3
41.6
42.5
40.9
41.1
40.0
42.3
43.9
40.9
41.1
39.3
40.9
41.1
41.1
41. 1
40. 1
42. 3
43.1
41.3
41.4
40.0
44.0
46.3
41.5
41.6
40.3
43. 1
45. 1
41.3
41.1
39.5
42.7
44.4
41.0
41.2
39.8
43. 2
'45.1
41.3
'41.3
40.0
'42.3
43. 9
'40.6
'40.3
'39.2
42.7
44.0
41.8
41.0
39.7
Nondurable goods industries, unadj
do
Seasonally adjusted
i-_ de-Average overtime
do
Food and kindred products.
do——
Tobacco manufactures
do— —
Textile mill products
_•___ —do
Apparel and related products
do
Paper and allied products....—
do—
39.6
39.7
2.7
40.9
38.6
40.6
36.1
42.7
2.9
40.9
38.8
41.0
35. 9
42.8
39.4
39.8
2.7
40.4
39.6
40.7
36.0
42.5
39.7
39.7
2.8
41.0
39.3
41.1
35.9
42.7
39.9
39.6
2.9
41.1
39.7
41.3
36.2
43.0
39.8
39.5
2.9
41.2
38.9
40.8
36.3
43.0
40.1
39.7
3.1
41.2
,38.9
41.3
36.7
43.3
39.6
39.4
3.2
41.4
39.3
39.9
35.0
43.1
40.0
39.9
3.1
41.3
40.8
41.6
36.1
43.2
39.9
40.0
3.0
41.1
38.3
41.9
36.3
42.4
40. 2
40.0
3.1
41.4
40.6
42.1
36.2
43. 2
39.7
40. 1
2.8
40.8
37.5
41.5
36.0
42.6
39.8
40.2
2.9
40.3
37. 2
41.7
36.6
42.6
40.0
40.2
3.0
40.4
37.2
41.8
37.1
'42.9
39.4
39.8
2.7
' 40. 1
35.8
'41.0
35.7
'42.2
40.0
40.0
3.0
40.9
36.9
41.7
36.6
43. 0
Printing, publishing, and allied ind
do
Chemicals and allied products
do— —
Petroleum refining and related ind_— do
Petroleum refining
do
Rubber and misc. plastic products
do
Leather and leather products
do— —
38.3
41.5
41.7
41.4
40.8
37. 5
38.5
41.6
41.8
41.4
41.3
37. 9
38.5
41.6
41.3
40.9
40.9
36.5
38.5
41.8
42.0
41.3
41.4
37.6
38.4
41.7
42.1
41.2
41.6
38.5
38.3
41. 5
42.3
41.4
40.8
38.6
38.7
41.3
42.1
41.3
41.9
38.5
38.7
42. 1
43.1
42.5
41.8
37.2
38.7
41.5
41.7
40. 9
41.6
37.5
38.4
41.7
41.7
41. 5
41.3
37.7
39.0
41.8
41.7
41.6
42.1
39.0
38. 2
41. 5
41.3
41.3
41.9
38.3
38. 3
41.6
40.8
40.7
41.9
38.4
38.6
41.8
'41.5
'41.1
42.0
' 38. 2
'38.3
'42.4
' 42. 5
'42.6
' 40. 9
'37.1
38.5
42.1
42.1
41.6
41.7
38.0
41.3
41.8
37.5
41.6
42.4
41.6
40.4
42. 2
42.0
41.5
40.1
41.9
41.9
42.6
40.6
41.8
41.4
41.7
39.6
42.1
41.0
41.4
39.5
41.2
41.4
41. 6
'39.3
'41.8
41.5
41.8
39.1
41.6
Durable goods industries
Average overtime
____do
-
Ordnance and accessories
Lumber and wood products
Furniture and fixtures
S tone, clay, and glass products
Primary metal industries
•
do
do
do .
do—
do
_ _ _ _ _ do_ _
Fabricated metal products
_
Machinery
_ _
Electrical equipment and supplies
Transportation equipment 9
Motor vehicles and equipment _.
Aircraftand parts _
__Instruments and related products
Miscellaneous mfg.industries...
do
__do
^do
Nonmanufacturing establishments:!
Mining 9
MTetal mining
Coal mining
_
Crude petroleum and natural gas
do
do
do
do
41. 5
41.2
038.8
42.1
41. 7
41. 6
« 39. 0
42.0
41.3
41.3
37.6
42.1
41.9
41.7
38.8
42.0
42.2
41.6
40.2
41.9
41.7
40.9
42.4
42.1
41.2
39.7
41.6
Contract construction
General building contractors
Heavy construction
Special trade contractors
'.
do
do
do
do
37.3
36.0
41.3
36. 5
37.2
35.9
41.0
36.5
37.0
36.0
40. 4
36.4
37.9
36.5
42.1
37.1
38.2
36.6
42.4
37.3
38. 1
36.4
42.7
37.1
38.6
36.9
43.2
37.6
36.6
35.3
39.9
35.9
38.4
36.9
42.8
37.5
36.9
35.6
40.6
36.2
36.8
35.8
38.8
36.8
36.3
35.5
39.1
35.9
35.6
34.9
36.9
35.7
36.6
'35.7
' 39. 0
'36.4
36.7
35.6
39. 4
36.3
Transportation and public utilities:
Local and suburban transportation
do
Motor freight transporation and storage-do
Telephone communication.
__do
Electric, gas, and sanitary services
do
Wholesale and retail trade§— ._
—do
Wholesale trade
do
Retail trade§— _
do
42.1
41. 6
40.0
41.2
38.6
40.6
37.8
42. 0
41. 7
40.1
41.2
38.4
40.7
37.4
41.9
41.5
39.3
41.0
38.2
40.6
37.2
42.6
41.8
39.8
41.1
38.3
40.7
37.3
43.0
42.1
40.0
41.0
38.7
40.8
37.7
42. 7
42.3
40.2
41. 5
39.1
40.9
38.3
42.2
42.3
40.2
41.0
39.0
40.8
38.2
41.8
42.2
41.8
41.2
38.3
40.6
37.3
42.0
42.3
40.8
41.6
38. 2
40.7
37.2
41.9
41.6
41.3
41. 2
38.0
40.9
36.9
41. 6
42.2
'40.4
41.4
38.6
41. 1
37.6
41.3
41.1
'39.9
41.3
38.0
40.6
36.9
41.4
41.3
' 40. 1
41.2
38.0
40.5
36.9
41.4
' 41. 6
'39.4
41.0
38. 0
'40.7
36. 8
41.7
41.3
39.4
41.2
38.1
40. 6
37.1
Services and miscellaneous:
Hotels, tourist courts, and motels. .___ _do—
Laundries, cleaning and dyeing plantscf-do
39.0
39.0
38.6
38.7
38.8
38.8
38.6
39.3
38.4
39.0
39.3
38.7
39.4
38.7
38.0
38.5
38.1
39.1
37.6
38.6
37.7
38.9
37.7
38.5
37. 8
38.3
37.7
38.5
37.4
39.3
Average weekly gross earnings per production
worker on payrolls of nonagric. estab. :f
All manufacturing establishmentsf.
dollars- 99.63
108. 50
Durable goods industries
_do
119.31
Ordnance and accessories—
do
81. 80
Lumber and wood products—
__ do
102. 97
112. 19
121. 60
85.60
102. 47
111. 51
120. 09
84.19
102. 97
112. 47
119. 90
86.67
103. 48
113.01
121. 91
87.72
102. 97
111.92
119. 70
87. 89
103. 07
112. 47
121. 10
89.98
104. 60
114. 13
121. 60
88.00
102. 97
111. 51
123. 83
87.85
104. 70
113. 57
124. 24
84.53
106. 81
117. 17
126. 48
83.95
105.93
115.51
126, 48
82. 78
105.93 107. 12
115. 51 117. 04
125. 87 127. 20
84.53 ' 86. 40
—do— 81. 80
_do_ . 102. 42
do— 124. 64
84.26
105. 83
130. 00
83.03
104. 83
128. 54
81.81
106. 93
129. 58
83.43
107. 36
130. 20
83.23
107. 36
128. 96
85. 48
107. 78
130. 00
85. 49
107. 33
136. 21
86.94
108. 62
129.48
86.53
107. 33
130.83
88. 40
106. 14
133. 14
84.66
104. 19
133. 25
86.53 ' 84. 45 85. 89
86. 53
104. 60 '106.19 '107.27. 111. 09
133. 67 134. 73 '140.68 133. 14
Fabricated metal products... _ _ — _ _ _ _ _ d o — _. 108. 05
Machinery..
_______
do
116. 20
99.14
Electrical equipment and supplies..-— do
111. 76
121. 69
102.31
111.22
121. 98
101. 15
112.02
122. 69
101. 56
112. 29
123. 26
102. 06
111. 07
121. 82
101. 96
112. 98
121. 11
102. 31
112. 86
120. 67
102. 72
110. 24
120. 38
103. 48
112. 98
122.83
103. 73
116. 03
126. 44
106. 50
113. 42
125. 27
104. 70
114.39 115. 48 '113.71
125. 56 '127.60 124. 10
104. 96 105. 63 '103.57
Transportation equipment_ _ _ d o 126. 72 130. 20 129. 36 129. 67 132. 06
Instruments and related products—
do _ 101. 59 103. 63 102. 06 102. 56 103. 98
Miscellaneous mfg. industries
!__ do
80.39
82. 58
82. 76
82.37
81. 95
'Revised.
t> Preliminary.
° Average for 11 months.
i Includes Post Office employees hired for the Christmas season; there were about 138,000
such employees in the United States in Dec. 1964.
2 Based on unadjusted data.
©Effective Jan. 1965, data reflect change in definition of class I railroads (to $5 million or
more annual railway operating revenues). The index (back to 1963) has been adjusted for
comparability, whereas the number of employees has not.
128. 54
103. 63
81.74
Furniture andfixtures....
Stone, clay, and glass products
Primary metal industries
'105.82
'115.93
'125.15
' 87. 02
107.53
117. 18
128.24^
91.05
117. 73
128.46
105. 01
129. 38 133. 67 125. 15 132. 82 140.80 137. 49 135.79 138. 24 '134.51 136. 21
103. 98 104. 81 105. 22 106. 40 107. 74 106. 45 107. 12 ' 107. 38 '104.78 107. 01
81.35
82.80
83.41 83. 20
84. 53
85. 44
85.20 ' 83. 10
84. 56
84. 77
fSefe corresponding note, bottom p. S-13.
9 Includes data for industries not shown
separately.
.Except eating and drinking places.
*
cf Beginning Jan. 1964, data relate to nonsupervisory workers and are not comparable
with the production-worker levels for earlier periods.
June 1965
SUEVEY OF CUKEENT BUSINESS
Unless otherwise stated, statistics throagh 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
Monthly
average
S-15
1965
1964
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
93.60
92. 20
94.00
98.98 ' 99. 05 101. 02
79.61 ' 78. 76 80.81
76.91 ' 75. 03 76.73
63.90
67.52
65.88
Apr.
May
*>
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average weekly gross earnings per production
worker on payrolls of nonagric. estab.t— Con.
All manufacturing establishments!— Continued
Nondurable goods industries
dollars
Food and kindred products_._ -_do
Tobacco manufactures- _
do
Textile mill products
_ do
Apparel and related products..
do
87.91
94.48
74.11
69.43
62.45
90.91
97.75
76. 44
72.98
64.26
89.83
96. 56
80.78
71.63
64.08
90.91
98.40
80.17
72.75
63. 54
91.37
98.23
81.78
73.10
64.07
91.14
98.06
80.13
72.22
64.25
Paper and allied products,-.do
Printing, publishing, and allied ind
do
Chemicals and allied products
do
Petroleum refining and related ind.
do____
Rubber and misc. plastic products
_do
Leather and leather products . _ _ _ _ do _
105.90
110.69
112. 88
131, 77
100. 78
66.00
109. 57
114.35
116. 48
133. 76
104. 90
68.98
107. 53
113. 96
114. 40
130. 92
102. 25
66. 43
108.46
114.35
116. 20
133. 14
104.74
68. 43
109. 65
113. 66
116.34
133. 46
105. 25
70.46
114. 54
do
_ do
118. 66
do. __ 119. 98
112.41
do
118. 01
122. 72
126. 88
113.40
115. 64
121.01
121.82
111.57
117. 74
122. 60
126. 49
112.14
127. 19
do
117. 36
do
__do_ _. 128.03
133. 59
_ _ do
132. 06
122.06
132. 02
138. 34
130.24
122. 04
127. 66
137. 23
101. 88
117.31
102.40
121.54
104. 58
122. 18
105.06
125.66
77. 59
99.47
68.04
91.83
97.23
75.47
73.10
66.06
91.87
98.53
73.10
71. 82
63.00
92.00
97.88
73.85
75. 71
64.98
92. 17
98.64
74.30
76.68
65. 70
93.26
100.19
82.42
77.04
65. 16
92.50
99.55
76.88
75.95
65.16
92.73
98.74
77.75
76.73
66.61
110. 51
113. 37
116. 20
134. 09
103. 22
70.25
111.71
114. 55
116.47
133. 88
107. 26
70.46
112. 06
116.10
120. 41
140. 51
108. 26
68.45
111. 89
116. 10
117. 45
133. 86
106. 50
69.00
109. 82
114.82
118. 01
134. 69
105. 73
69.37
112.32
117.39
118.71
135.53
109.04
71. 76
111.19
114. 60
117. 86
133. 81
108. 52
71.24
111. 19
115. 67
118. 14
131. 78
108. 52
71.42
118. 58
122.72
131. 86
110. 62
117.18
121. 06
121. 32
113.63
119.56
121. 95
131.01
112.32
118. 53
125.40
124. 50
113. 57
122. 11
124. 38
133. 72
116. 05
121. 38
124. 50
134. 34
115. 64
121.09
127.80
135.20
114.53
120. 89
124. 68
135. 83
116. 20
119. 72 120. 47
123. 79 124. 38
135. 88 '134. 41
113. 30 '114. 95
121. 18
126. 24
134. 50
114. 82
132. 65
122. 64
133.46
138. 75
133. 32
122. 61
134. 83
139. 50
134. 49
122. 67
137. 92
140. 61
136. 64
125. 46
140.83
142. 13
131.03
121. 79
130. 87
137. 14
138. 62
127. 67
142. 52
144. 38
131. 36
122. 11
129.92
138. 28
133. 22
123.87
126.10
142.42
131. 41
121. 77
125. 12
139. 29
131. 01
122. 15
122. 14
139. 23
'133. 59
'124. 59
'125. 97
'141. 96
132.49
123. 18
125. 69
140. 48
103.49
120. 77
101. 79
123. 41
105. 65
122.47
104. 28
124.12
106.64
122. 93
104. 40
123. 82
106. 75
123.09
104. 52
125. 75
105. 50
124. 79
104. 52
125. 05
104. 92
124.07
109. 10
126. 90
105. 42
124. 36
108.12
128. 96
105.
122.
109.
128.
59 104.83 104. 49 104. 74 105. 16
72 125.76 121.25 123. 49 '125. 22
86 '108. 68 '106. 53 '107. 07 '105. 20
54 129. 58 129. 27 129. 78 '128. 33
106. 75
123. 90
105. 59
129.78
79.87
102. 56
69. 94
79.07
101.91
69.19
79.66
102. 97
69.75
80. 50
102. 82
70.50
81.33
103. 07
71.62
81. 12
102. 82
71.43
80.43
103. 12
70. 50
80.22
103.38
70.31
79.80
104. 70
69.74
79.90
104.81
70.31
80.56
103.94
70.85
74.97
96.21
76. 67
92.12
76.30
91.55
76. 26
91.97
75. 89
91.92
76.88
91.94
76.50
92.15
76.43
92. 15
77.21
92.60
77.58
93.23
77.58
93.04
78.54
94.27
79.08 ' 78. 70 79.08
94.73 ' 94. 18 94.95
47.58
51.87
48.64
55.73
48.89
55.48
49.02
56.59
48.00
56.16
48.34
55.73
47.67
55. 73
48.26
56.21
49.53
57.48
49.26
56.36
50.14
57.18
49.76
56.60
49.52 '49.76
56.30
56.98
2.46
2.37
2.64
2.54
2.53
2.44
2.71
2.61
2.53
2.44
2.70
2.61
2.53
2.44
2.71
2.61
2.53
2.44
2.71
2.61
2.53
2.44
2.71
2.61
2.52
2.43
2.71
2.60
2.57
2.46
2.75
2.63
2.53
2.43
2.70
2.59
2.56
2.46
2.73
2.62
2.58
2.48
2.77
2.64
2 59
2! 49
.2.77
2.66
2.59
2.49
2.77
2.66
Ordnance and accessories.
do
Lumber and wood products _ __ _ do
Furniture and fixtures
do
Stone, clay, and glass products.
.do
Primary metal industries..
do
Blast furnaces, steel and rolling mills-do
2.91
2.04
2.00
2.48
3.04
3.36
3.01
2.14
2.05
2.55
3.11
3.41
2.98
2.11
2.04
2.52
3.09
3.39
2.99
2.14
2.02
2.54
3.10
3.40
3.01
2.15
2.03
2.55
3.10
3.39
3.00
2.17
2.04
2.55
3.10
3.38
3.02
2.20
2.04
2.56
3.11
3.40
3.04
2.20
2.07
2.58
3.19
3.52
3.05
2.18
2.07
2.58
3.12
3.43
3.06
2.14
2.07
2.58
3.13
3.42
3.07
2.12
2.08
2.57
3.14
3.43
3.07
2.08
2.07
2.56
3.15
3.44
3.07
2.14
2.09
2.57
3.16
3.44
Fabricated metal products. - - _ - _ _ _ _
do
Machinery _ _ _ _
__._
____________do
Electrical equipment and supplies , _ _ do
Transportation equipment 9
do
Motor vehicles and equipment _ _ _ do._.
Aircraft and parts _ _ _
do
Instruments and related products. . do .
Miscellaneous mfg. industries.
.do
2.61
2.78
2.46
3.01
3.10
2.95
2.49
2.03
2.68
2.87
2.52
3.10
3.21
3.05
2.54
2.08
2.68
2.87
2.51
3.08
3.17
3.02
2.52
2.09
2.68
2.88
2.52
3.08
3.19
3.03
2.52
2.08
2.68
2. 88
2.52
3.10
3.21
3.03
2.53
2.08
2.67
2.88
2.53
3.09
3.19
3.05
2.54.
2.08
2.69
2.87
2.52
3.11
3.24
3.06
2.53
2.07
2.70
2.88
2.53
3.16
3.28
3.07
2.55
2.07
2.65
2.88
2.53
3.06
3. 12
3.09
2.56
2.08
2.69
2.89
2.53
3.14
3.23
3.09
2.57
2.08
2.73
2.92
2. 56
3.20
3.32
3.11
2.59
2.12
2.72
2.92
2.56
3.19
3.31
3.11
2.59
2.14
Nondurable goods industries _ _ . _ _
do
Excluding overtimed*.do
Food and kindred products. _.___
__do___Tobacco manufactures
do
Textile mill products
do
Apparel and related products
__,.__ do _
Paper and allied products
__do__..
2.22
2.15
2.31
1.92
1.71
1.73
2.48
2.29
2.21
2.39
1.97
1.78
1.79
2.56
2.28
2.21
2 gg
2. 04
1.76
1.78
2.53
2.29
2. 21
2.40
2.04
1.77
1.77
2.54
2.29
2.21
2.39
2.06
1.77
1.77
2.55
2.29
2.21
2.38
2.06
1.77
1.77
2.57
2.29
2.20
2.36
1.94
1.77
1.80
2.58
2.32
2.23
2.38
1.86
1.80
1.80
2.60
2.30
2.22
2. 37*
1.81
1.82
1.80
2.59
2.31
2.23
2.40
1.94
1.83
1.81
2.59
2.32
2.24
2.42
2.03
1.83
1.80
2.60
Printing, publishing, and allied Ind
do
Chemicals and allied products ... ___.clo ._
Petroleum refining and related ind
do
Petroleum refining _ _ _ _
do
Rubber and misc. plastic products __do
Leather and leather products
_
do
2.89
2.72
3.16
3.32
2. 47
1.76
2.97
2.80
3.20
3.37
2.54
1.82
2.96
2.75
3.17
3.33
2.50
1.82
2.97
2.78
3.17
3.34
2.53
1.82
2.96
2.79
3. 17
3.35
2.53
1.83
2.96
2.80
3.17
3.35
2.53
1.82
2.96
2.82
3.18
3. 36
2.56
1.83
3.00
2.86
3. 26
3.45
2.59
1.84
3.00
2.83
3.21
3.38
2.56
1.84
2.99
2.83
3.23
3.41
2.56
L84
2.83 '
2.95
«3.26
2.70
3.55
3.40
3.22
3.79
2.80
2.93
3.24
2. 65
3.52
3.39
3.16
3.77
2.81
2.94
3.26
2.67
3.50
3.36
3.17
3.74
2.81
2.95
3.28
2.64
3.49
3.35
3.18
3.74
2.81
2.96
2.68
3.53
3.37
3.23
3.79
2.84
2.96
3.30
2.70
3.54
3.40
3.26
3.78
2.87
3.00
3.32
2.73
3.58
3.45
3.28
3.82
2.88
2.99
3.31
2.75
3.61
3.46
3.33
3.85
2.49
2.93
2.62
3.05
2.47
2.91
2.59
3.01
2.48
2.93
2.62
3.02
2.48
2.92
2.61
3.02
2.50
2.91
2.60
3.03
2.50
2.95
2.60
3.05
2.51
2.94
2.61
3.08
2.08
Wholesale and retail trade§__.,
do. 2.08
2.07
2.08
2.01
2.52
Wholesale trade
do
2.52
2.53
2.45
2.51
Retail trade§
...
do
1.87
1.87
1.87
1.86
1.80
Services and miscellaneous:
1.25
Hotels, tourist courts, and motels.
do....
1. 22
1.26
1.26
1.27
Laundries, cleaning and dyeing plants Ado
1.44
1.44
1.43
1.44
1.33
r
Revised, *> Preliminary. « Average for 11 months. § Exc ept eatirig and dr nking piaces,
tSee corresponding note, bottom p. S-13. 9 Includes clataforir idustries riot shov rn separately.
©Effective Jan. 1964, data exclude earnings of non office sal 3smen arid are no t compairable
with earlier figures.
2.08
2. 52
1.87
2, 08
2.52
1.87
2.10
2.54
1.89
1.23
1.44
1.21
1.44
NTonmanufacturmg establishments :f
Mining 9
Metal mining
_
_
Coal mining. _ _ _ _ - . _
Crude petroleum and natural gas.
Contract construction
General building contractors
Heavy construction _
Special trade contractors
Transportation and public utilities:
Local and suburban transportation.. ___do
Motor freight transportation and storage-do
Telephone communication
do
Electric, gas, and sanitary services
do
Wholesale and retail trade§ .
Wholesale trade.
_ _ . ...
Retail trade§ . ..
:_
.do
..do....
do _
Finance, insurance, and real estate:
Banking
do
Insurance carriers©
...
___-_do
Services and miscellaneous:
Hotels, tourist courts, and motels. __.. .do
Laundries, cleaning and dyeingplants Ado
Average hourly gross earnings per production
worker on payrolls of nonagric. estab.:f
All manufacturing estab]Ishmentst___,__-dollars._
Excluding overtimed"1 __;
do
Durable goods industries1
do
Excluding overtimed
....do
Nonmanufacturing establishments^
Mining9
---.
-_
do
Metal mining. __- _ - _ _ _
do
Coal mining...
_^_
do
Crude petroleum and natural gas
_ do
Contract construction do
General building contractors.
_.____do
Heavy construction do
Special trade contractors.
do
2.76
2.88
«3.12
2.67
3.41
3. 26
3.10
3.66
Transportation and public utilities:
' 2.42
Local and suburban transportation
do
Motor freight transportation and storage .do. _ _ . 2.82
Telephone communication
do_._
2.56
2.95
Electric, gas, and sanitary services. ._.__do_--
C
'111.97
116. 96
118. 29
'134. 46
'108. 78
' 71. 43
80.94
80.94
104,09 '105. 01
70.85
70. 66
'109. 72
'115.67
'120. 42
'139. 40
'104. 70
' 69. 75
112. 66
117. 04
119. 99
135. 98
107. 59
71.06
81.15
105. 15
71.60
48.99
58,95
2.60
2.49
2.78
2.66
2.60
'2.51
2.78
'2.67
2.61
2.50
2.79
2.67
3:08
'3.06
'2.17
2.08
'2.61
'3.19
3.47
2.74
2.92
'2.57
'3.18
'3.31
3.10
'2.60
2.12
3.09
2.21
2.10
2.62
3.17
2.73
2.92
2.56
3.18
3.30
3.10
2.60
2.13
' 2. 16
2.09
'2.59
3.17
3.45
2.73
2.94
2.57
3.20
3.33
3.11
2.60
2.13
2'. 77
2.96
2.58.
3.19
3.31
3.14
2.61
2.13
2.33
2.25
2.44
2.05
1.83
1.81
2.61
2.33
2. 25
2.45
2.09
1.84
1.82
2.61
2.34
2.25
2.45
2.14
1.84
1.82
2.61
2.34
2.26
'2.47
'2.20
'1.83
1.79
2.60
2.35
2.26
2.47
2.19
1.84
1.80
2.62
3.01
2.84
3.25
3.41
2.59
1.84
3. 00
2.84
3.24
3.40
2.59
1.86
3.02
2.84
3.23
3.39
2.59
1.86
3.03
2.83
3.24
3.41
'2.59
1.87
'3.02
2.84
'3.28
'3.46
'2.56
1.88
3.04
2.85
3.23
3.41
2.58
1.87
2.89
3.00
3.35
2.76
3.56
3. 43
3.20
3.82
2.89
3.00
3.33
2.74
3.62
3.46
3.25
3,87
2.92
2.99
3.43
2.76
3. 62
3.43
3.20
3.88
2. 92
2.99
3.44
2.75
3.68
3.50
3.31
3.90
2.91
2.99
'3.42
' 2. 75
'3.65
3.49
'3.23
'3.90
2.92
3.02
3.44
2.76
3.61
3.46
3.19
3.87
2.51
2.94
2.65
3.10
2.52
2.95
2.66
3.12
2.52
2.98
2.69
3.13
2.53
2.95
2.67
3.13
2.53
2.99
2.67
3.15
2.54
3.01
'2.67
' 3. 13
2.56
3.00
2.68
3.15
2.10
2.54
1.89
2.10
2.56
1.89
2.07
2.55
1.87
2.12
2.56
1.92
2.13
2.57
1.92
2.13
'2.58
1.92
2.13
2.59
1.93
1,27
1.32
1.33
1.30
1.31
1.31 '1.32
1.31
1.46
1.47
1.47
1.46
1.47
1.48
1.50 '
1.47
tfDe rived by assumin g that overtime h 3urs are p aid at th e rate oft ime and one-half, AEffective Jan. 196 4, data i elate to nonsupe rvisory vworkers a nd are n ot comp arable with the
produc tion-wor ker level s for earl ier periodIs.
SURVEY OF CURRENT BUSINESS
S-16
1964
1963 | 1964
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the* 1963
edition of BUSINESS STATISTICS
Monthly
average
June 1965
Apr.
May
June
July
Aug.
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
3,307
4. 829
1.19
3.339
4. 851
3.339
4. 852
3.342
4. 856
1 18
3.355
4.886
P145
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Miscellaneous wages:
Construction wages, 20 cities (ENR): §
Common labor
$ per hr _ 3.082
4 526
Skilled labor
do
1
Farm, without board or rm., 1st of mo
do
1. 05
2 823
Railroad wages (average, class I)
do
12.38
Road-building, com. labor (qtrly.)
...do
LABOR CONDITIONS
109
Help- wanted advertising, seas, adjt— 1957-59 =100-Labor turnover in manufacturing estab.: f
3.9
Accession rate, total. _mo. rate per 100 employees. _
Seasonally adjusted
__do
"2.4
New hires
do
3.9
Separation rate, total
do
Seasonally adjusted
do
1.4
Quit
_____do
1.8
Layoff
- --do_
Seasonally adjusted
_do_ __
Industrial disputes (strikes and lockouts) :
Beginning in month:
280
Work stoppages
number .
78
Workers involved
- thous
In effect during month :
Work stoppages
number _Workers involved
thous
Man-days idle during month
do
1,340
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placements __
__thous__
548
Unemployment insurance programs:
2
Insured unemployment, all programs _ _ d o
1, 939
State programs:
Initial claims
__
-_._
do
1,285
Insured unemployment, weekly avg__.do____ 1, 806
Percent of covered employment : cf
4.3
Unadjusted
__
Seasonally adjusted© __. ..
Beneficiaries weekly average
thous
1 541
231.2
Benefits paid
_
mil. $
Federal employees, insured unemployment
thous. _
31
Veterans' program (UCX):
29
Initial claims
do
Insured unemployment, weekly avg___do
55
Beneficiaries, weekly average. _ _ _
do __
52
Benefits paid
mil ^
7.6
Railroad program:
Applications
thous
13
Insured unemployment, weekly avg.-.do
47
Benefits paid
'__
._
mil. $
8.3
3.242
4. 733
U.08
2.802
3.187
4.658
1.14
2.765
3.202
4.680
3.233
4.728
2.785
2.774
3.282
4.769
1.13
2.775
3.295
4.787
3. 295
4.807
2.811
2.818
3.300
4. 812
1.01
2.808
3.305
4.815
3. 307
4. 823
2.856
2.901
2.37
123
120
118
121
124
123
126
127
134
137
137
145
148
143
4.0
3.8
3.9
2.4
3.5
3.8
1.3
1.4
1.7
3.9
38
2.6
3. 6
39
1.5
1.4
17
5.1
41
3.6
3.5
39
1.4
1.3
16
44
40
29
4.4
42
15
2. 1
20
5. 1
40
3.4
4.3
38
2.1
1.4
14
4.8
38
3.5
5.1
4.1
2.7
1. 5
1.5
4.0
40
2.8
4.2
39
1.7
1.8
17
3.2
41
2.2
3.6
36
1.2
1.7
15
2.6
41
1.6
3.7
38
1.0
2.1
16
3.8
40
2.4
3.7
3.6
1.3
1.6
1.4
3.5
41
24
3.1
36
13
1.2
13
M
0
r
15
12
13
P37
v38
p26
p-3 6
p40
P16
P12
p14
'305
r
!37
300
122
410
176
360
134
420
133
340
83
275
342
340
199
275
137
130
30
260
107
200
53
350
191
340
128
1, 908
450
163
1,100
570
218
2 180
585
227
1 930
660
194
1 710
595
147
1 350
515
409
2 320
580
524
6 540
510
228
1 750
340
88
1 060
390
188
1,790
340
153
1,450
500
234
1 760
500
175
1 630
523
541
572
572
549
639
579
2~6~
3.9
1.5
1.7
r
2
1, 725 2 1,886 2 1, 552
21 390 21 445
554
2
1 358
2
1, 218 21 232
508
2
1, 397
1 792
2
2, 132
r3 g
491
421
418
433
2
43
*2 8
'3 4
2
2, 065
2
1, 837
541
2
1, 570
1,162
1,605
1,086
1,755
908
1,447
976
1,297
1 ?38
1 343
937
1 261
858
1 125
966
1 138
1 185
1 293
1 618
1 675
1,453
1,996
1,100
1, 932
1,009
1,718
956
1,470
3.8
1,373
210.2
4.2
3.8
1,678
258.0
34
3.7
1,347
201 5
3.1
3.7
1,142
183. 1
31
36
1,108
180 5
29
3.5
1,085
164 5
25
34
943
148 4
26
34
908
143 2
30
3.4
969
147 0
39
36
1 283
211 4
46
3.4
1,667
252 1
4.5
3.3
1,689
245 7
40
3.2
1,631
273 4
3.4
3.1
1,373
224 9
30
32
27
25
26
25
24
25
27
30
34
34
31
27
28
51
48
7.5
27
57.
64
9.7
20
46
48
7.0
25
42
42
6.6
32
44
38
62
26
43
41
6.3
25
36
36
5.9
25
35
31
50
27
40
34
5.4
32
48
41
69
30
55
52
80
25
53
52
7.6
26
49
48
8.0
21
41
41
6.8
Pl3
*38
*6.5
13
42
7.4
5
32
5.2
16
27
49
38
31
49
12
29
52
12
32
53
11
33
56
11
37
56
12
40
73
16
47
78
6
45
74
6
39
80
32
3,137
8,879
2,006
6,873
3,127
8,879
2,070
6,809
3,175
8,444
2,220
6,224
3,222
9,343
2,431
6, 912
3,217
9,146
2,438
6, 708
3,385
8,361
2,223
6,138
3,276
8,928
2, 143
6,785
3,232
9,033
2,239
6, 794
3,325
9,077
2,070
7,007
3,384
9,533
2,047
7,486
FINANCE
BANKING
Open market paper outstanding, end of mo.:
Bankers' acceptances
;_.mil. $.. 3 2,890 33 3, 385
Commercial and finance co. paper, total
do
33 6,747 3 8,361
Placed through dealers..
do
1, 928
2,223
Placed directly (finance paper)._
do___. 3 4, 819 3 6,138
3,102
7,920
2, 039
5,881
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of mo
mil. $_. 3 6,403
Farm mortgage loans:
Federal land banks
_
do..-. 3 3,310
Loans to cooperatives__
_
_._do-._»840
Other loans and discounts
do.... 3 2, 253
7,104
6,727
6,813
6,940
7,048
7,081
7,084
7,092
7,057
7,104
7,223
7,356
7,472
7,607
7, 729
3,3 718
958
3
2, 428
3,445
786
2,496
3,481
747
2,585
3, 516
757
2,667
3,551
782
2,715
3,586
787
2,707
3,620
809
2,656
3,652
924
2, 516
3,680
975
2,402
3,718
958
2,428
3,765
1,020
2,438
3,818
1,037
2,501
3,889
1,007
2, 576
3,950
978
2,679
4, Oil
940
2,778
4,603.0
1,909.2
2,693.8
1,038.4
1,655.4
4,542.0
1,853.6
2,688.4
1,030.0
1,658.4
4,535.4
1,928.0
2,607.4
992.5
1,614.9
4,833.7
2,087.0
2,746.7
1,058.9
1,687.8
4,579.9
1,898.2
2,681.7
1,021.3
1,660.4
4,763.5
2,007.6
2,755.9
1,049.5
1,706.4
4,816.5 4,870.9 4, 842. 5 4, 995. 6
2,013.0 2,067.6 1, 997. 4 2,071.8
2,803.5 2,803.3 2, 845. 1 2,923.8
1,065.4 1,065.5 1,077.2 1,115.4
1,738.1 1,737.8 1, 767. 9 1,808.4
5,113. 3
2,151.3
2,962.0
1,131. 7
1,830.3
4,825, 6
1,954.1
2,871.5
1,082. 7
1,788.-8
62, 867
57,101
57,158
57, 742
57, 882
57,964
59,421
36,418
3
363
186
33,593 3'37, 044
15,237 15, 075
35,115
116
33.169
15,195
226
34, 229
15,176
36, 589
79
34, 794
15,185
36, 797
239
35, 051
15,188
36,941
185
35,164
15,192
62, 867
57,101
57,158
57, 742
57,882
do.__. 18,391 319, 456
do
17,049 318, 086
do
32,877 335, 343
17,913
16,629
32,177
18,232
16,890
32,411
18,250
16,973
32,835
18, 445
17, 327
33, 109
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted: A
Total (225 SMSA's).._._____
bil. $
New York SMSA
_ _ _ _ _ d o _ _.
Total 224 SMSA's (except N.Y.)
_
do
6 other leading SMSA's1_____
_do
218 other SMSA's
___.
do___.
4
4,621.4
41,925.3
4
2,696.1
4
1,030.8
41,665.3
Federal Reserve banks, condition, end of mo.:
Assets, total ?
—
—-.-.mil.
Reserve bank credit outstanding, total 9 .do
Discounts and advances
do
;
U.S. Government securitiesi
___do
Gold certificate reserves
----do.-__
Liabilities, total 9
58,028
3
—_____..__—.do.... a 58,028
Deposits, total 9 —Member-bank reser v e balances
Federal Reserve notes in circulation.
Ratio of gold certificate reserves to FR note
liabilities O
.___
..percent..
3
3
3
3
3,049
8,326
1,973
6,353
346.3
47.2
342.7
46.8
2
Revised.
p Preliminary.
1 Quarterly average.
Excludes persons under extended duration provisions (thous.); 1964—Apr., 32; May, 54; June, 58; July 46- Aug 38Sept.,
38; Oct., 32; Nov., 20; Dec., 9; 1965—Jan., 4; Feb., 2; Mar., 26; Apr., 52.
3 End of year
4
Annual total.
§ Wages as of June 1,1965; Common labor, $3.422; skilled labor, $4.962.
{Revised back to 1951 to incorporate adjustments as follows: Enlargement of sample;
updated seasonal factors; new weights for component indexes based on labor force in cities
covered; and shift of index base to 1957-59=100. Monthly data (1948-62) appear on p. 24 of
r
45.9
4,698. 2
1, 926. 7
2,771.5
1,060.6
1, 710. 9
4,648.0
1,917.7
2,730.3
1,023.7
1,706.6
61, 561
62, 867
60, 573
61, 688
61, 475
37, 111
95
35,350
15,190
37, 900
415
35, 709
15,185
39,302
210
36, 774
15, 091
39, 930 38, 737 39, 422 38,972
300
124
304
186
37, 044 36, 741 36,907 37, 591
15,075 14, 906 14,661 14,293
40,071
568
37, 754
14,144
40, 621
545
38, 686
14, 023
57,964
59,421
59, 643
61,561
62, 867
18,365
17, 055
33,330
18,396
17,121
33,590
18, 884
17, 883
33,852
19, 523 19, 456 19, 091 19,255 18,502
18, 084 18,086 17, 801 17,903 17,277
34, 640 35, 343 34,646 34, 562 34,629
45.2
44,9
45.6
43 fi
49 7
60,729
60, 729
43' n
60, 769
60, 769
49 4
61, 475
60,573
41.3
19, 557
18, 259
34, 662
19, 625
18, 006
34, 974
40.8
40.1
the Mar. 1964 SURVEY, f See corresponding note, bottom p. S-13.
(^Insured unemployment as % of average covered employment in a 12-month period.
©Revisions back to 1959 are available.
A Revised series; data prior to 1964 not available. Total SMSA's include some cities and
counties not designated as SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los
Angeles-Long Beach.
9 Includes data not shown separately.
©Revised series
SURVEY OF CUEEENT BUSINESS
June 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition off BUSINESS STATISTICS
1963
1964
End of year
S-17
1964
Apr.
May
June
July
Aug.
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FINANCE—Continued
BANKING— Continued
All member banks of Federal Reserve System,
averages of daily
figures:
.
1
20, 746 i 21,609
1
20, 210 1 21,198
Required
do
1411
1536
Excess
do
1243
Borrowings from Federal Reserve banks. ..do— 1327
1168
20,277
19,897
380
213
167
20,220
19,883
337
255
82
20, 558
20,168
390
270
120
20,665
20,265
400
265
135
20,566
20,149
417
334
83
20,928
20,508
420
331
89
21,033
20,618
415
309
106
21,159 21,609
20,763 21,198
411
396 .
243
430
—34
168
21, 619
21, 217
402
299
103
21, 227
20, 790
437
405
32
21, 248 ' 21, 515 21,477
20, 908 21, 146 21, 149
340
'359
326
416
471
505
-76 ' -112
-179
68, 045
104, 335 102,574
74, 513 73, 654
Individuals, partnerships, and corp.,— do
State and local Governments
__do _ _ 5, 338 5,239
U S Government
-do - 4,556 4,563
Domestic commercial banks
... do — . 13,320 12, 539
Time total 9
..do . 59, 227 66, 881
63,959
91, 232
66, 813
5, 529
2,948
10,464
62,223
61,472
91, 474
64, 312
5, 300
4,997
11, 218
63, 100
62, 664
98, 717
67,206
5,405
7,286
11,784
63, 112
63, 674
90, 754
66, 397
4,897
3, 604
10,441
63,921
62,689 63, 722
93,372 99, 479
66,168 68, 867
5,224
5,071
6,951
4,511
12,028 12, 318
64,440 64, 719
64, 999
94, 544
68, 627
5, 035
3,389
11, 699
65,478
64,607
97, 707
69, 515
5,333
4, 364
12, 548
65, 670
64,992
96,059
68,515
5,396
3,643
11,948
69,234
63, 507
96, 238
68, 127
5,423
4,036
12, 327
70,341
63,377
99, 178
67, 642
5,570
5,988
12, 662
71, 140
38, 083 40, 698
13, 310 16 407
92, 901 102,227
38, 793 42, 119
6, 677
6,621
9,032
8, 595
17, 880 20, 008
23, 809 29, 156
48, 404 48, 783
29, 018 27, 679
23, 127 21, 979
19,386 21,104
38,437
14, 950
92,208
38, 057
5,952
7, 881
18, 520
26,029
46,472
26, 713
22, 752
19, 759
38. 726
15, 468
93, 658
38,243
6,598
8, 013
18, 706
26,010
46, 133
26, 567
22, 588
19, 566
39, 053
15, 360
96, 022
38, 785
6,903
8,887
18, 936
26,975
46, 698
26, 621
22, 420
20, 077
39, 168
15,943
94, 568
38, 498
6,384
8, 064
19, 120
27,125
45,764
25, 701
22, 104
20, 063
39,477
16,000
96, 015
39, 091
6,505
8,340
19, 320
27, 124
46, 931
26, 392
22, 184
20, 539
39, 873
15, 854
97, 784
39,953
6,796
8,558
19, 533
26,982
48, 094
27, 207
21, 955
20, 887
40, 061
16, 464
96, 545
39, 882
5,863
8,030
19, 719
27, 267
47, 818
26,928
21, 655
20, 890
40, 312 40, 698
16,237 16,407
98, 992 102, 227
40, 999 42, 119
5, 865
6,677
8,431
9,032
19, 909 20,008
28, 355 29, 156
48, 005 48, 783
27, 256 27, 679
22, 103 21, 979
20, 749 21,104
246. 5
149.4
62.1
35. 0
266.0
166.7
60.9
38.4
251.8
155.4
60.8
35.6
253.5
157.3
60.3
35.9
256. 3
160.0
60.0
36.3
254. 5
159.7
58.4
36.4
258.7
161.5
60.2
37.0
261.7
163.0
61.2
37.5
260.8
163.1
59.9
37.8
Money and interest rates :§
Bank rates on short-term business loans:
In 19 cities
percent-- 25.01
24.79
New York City
do
7 other northern and eastern cities.
do.. - 2 5. 01
2 5. 30
11 southern and western cities
do
2 4. 99
24.75'
25.02
2 5. 30
1209
Weekly reporting member banks of Fed. Res. System,
condition, Wed. nearest end of yr. or mo.:
Deposits:
„,
Demand, adjustedcf— —
.——-mil. $~ 67, 844
Individuals, partnerships, and corp.:
Other time
._— do .
F/oans (adjusted) totaled
do
Commercial and industrial
__do
For purchasing or carrying securities
do— _
To nonbank financial institutions
.— do
Real estate loans
do
IT S Government securities, total _
_do
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas, ad justed :J
1/oansO
U S Government securities
Other securities .
- -
do
do
do
Discount rate, end of year or month (N.Y.F.R.
Bank) -_.._--._....
percent.. 3.50
Federal Intermediate credit bank loans
do... •. 34.263 ' 5.49
Federal land bank loans©
• -do
Home mortgage rates (conventional 1st mortgages):*
New home purchase (U.S. avg.)
percent- 35.84
3 5. 98
Existing home purchase (U.S. avg.)™
do
Open market rates, New York City:
Bankers' acceptances (prime, 90 days) — -do
33.36
Commercial paper (prime, 4-6 months) _ _ do.. .. 3 3. 55
Fin an ce Co . paper pi aced directly, 3-6 mo__do— . .33.40
Stock Exchange call loans, going rate..— do— 34.50
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue). ...percent.. 33. 157
3_5 year issues
do . 33.72
Savings deposits, balance to credit of depositors:
N. Y. State savings banks, end of yr .or mo-.mil. $__ 25, 693
4
4
5
5
4.00
34.70
3 r 5.45
3.50
4.70
'5.45
35.78
3 5. 93
5.79
5.92
5. 77
5.92
33.77
33.97
33.83
3 4. 50
3.80
3.91
3.80
4.50
3. 549
34.06
3
3.50
4.73
5. 45
4 98
4 72
5.01
5. 31
99
74
03
29
266.0
166. 7
60.9
38.4
41,334 41, 744 42, 323
17,961 18, 359 18, 456
101,060 102, 301 104, 817
42,239 43, 343 44, 620
6,151
6,368
6,449
8,331
8,404
8,897
20,074 20, 188 20, 326
28,517 28,860 28, 906
48,145 47, 931 47, 150
26,516 25, 963 24, 965
21,506 21, 354 '21,159
21,629 21, 968 22, 185
268.7
169.9
59.5
39.3
271.1
171.6
59.6
39.9
274. 5
175.5
59.0
40.0
64,744
96, 133
68, 572
5,270
5,266
10, 965
72, 081
62, 611
97, 845
67, 525
5, 545
6,384
12, 046
72, 996
'42,149 42, 538
' 19, 051 19, 679
105, 229 107, 454
'44,604 45, 265
6,573
6,806
8,703
9,305
20, 555 20, 848
'29,968 30,457
47,440 46, 707
24, 512 24, 026
20, 843 20, 823
22, 928 22, 681
276.3
176.8
58.5
41.0
279.1
179. 3
58.5
41.3
4.97
4 74
5.00
5.27
5.00
4.77
5.03
5.31
4.00
3.50
4.74
4.76
' 5. 45 '5.45
4.00
4.74
' 5. 45
4.00
4.78
5.45
4.00
4.84
5.43
4.00
4.82
5.43
4.00
4.88
5.43
4.00
4.93
5.43
5.75
5.91
5.75
5.94
5.76
5.92
5.79
5.95
5.79
5.93
5.72
5.91
5. 74
5.89
5.77
5.88
3.75
3.89
3.75
4.50
3.75
4.00
3.91
4.50
3.79
4.02
3.89
4.50
4. 00
4.17
3.98
4.50
4.00
4.25
4.05
4.50
4.10
4.27
4.12
4.50
4.15
4.38
4.25
4.50
4.19
4.38
4.25
'4.55
4.25
4.38
4.25
4.75
3.506
3.99
3.527
4.03
3.575
4.04
3. 624
4.04
3.856
4.07
3.828
4.06
3.929
4.08
3.942
4.12
3.932
4.12
3.895
4.11
28, 995
350
3.50
3.50
3.50
4. 74
4.74
4.74
' 5. 45 ' 5. 45 ''5. 45
3.50
4.75
'5.45
5. 76
5.89
5.76
5.93
5.77
5.90
5.77
5.93
3.75
3.89
3.76
4. 50
3.75
4.00
3.88
4.50
3.75
3.96
3.81
4.50
3. 75
3.88
3.76
4.50
3. 484
4.18
3. 482
4.07
3.478
4.03
3. 479
3.99
r
264. 9
165. 2
61.3
38.4
68,045
102,574
73,654
5,239
4,563
12,539
66,881
452
28,260
390
26,421
425
26,585
421
26, 900
415
27,051
411
27, 272
407
27, 606
403
27, 713
397
27, 893
393
28, 260
390
28, 482
385
28,618
371
28, 955
363
28, 883
356
69, 890
53, 745
22,199
13, 766
3,389
14, 391
76,810
59, 397
24, 521
15, 303
3, 502
16, 071
69, 816
54, 382
22,830
13,476
3,328
14, 748
70, 945
55, 120
23, 255
13, 599
3,364
14,902
71,907
55, 914
23,702
13, 730
3,395
15,087
72, 456
56, 496
24, 024
13, 813 *
3,426
15, 233
73, 069
57, 055
24,251
13, 923
3, 466
15,415
73, 495
57, 446
24, 295
14, 046
3,493
15,612
73, 928
57, 826
24. 423
14, 222
3,509
15, 672
74, 371
58, 085
24, 367
14, 431
3, 516
15, 771
76,810
59, 397
24, 521
15, 303
3,502
16, 071
76, 145
59, 342
24,574
15, 204
3,473
16, 091
75, 741
59, 363
24, 743
14, 984
3,446
16, 190
76, 085
59, 788
25, 063
14, 944
3,440
16, 341
77, 483
60, 803
25, 615
15, 056
3,439
16, 693
46, 992
21,610
13, 523
5,622
4,590
1, 647
6,753
3,427
1,086
328
1,912
16, 145
5, 959
5,047
Q19
51, 990
23, 943
14, 762
6,458
5,078
1, 749
7,407
3,922
1,152
370
1,963
17, 413
6, 473
5, 469
48, 191
22; 224
13, 893
5, 776
4,628
1,670
6,191
3,106
1,013
340
1, 732
15, 434
6, 048
5,152
89fi
48, 824
22, 559
14, 027
5,889
4,657
1,692
6, 296
3, 182
1,020
348
1,746
15, 825
6,206
5, 230
976
49, 543
22, 907
14,22.8
6,014
4,701
1,693
6,371
3,231
1,028
355
1,757
15,993
6,233
5,313
920
50, 082
23, 176
14,359
6,109
4, 748
1,690
6,414
3,267
1,037
360
1,750
15, 960
6,218
5, 329
889
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 holder:
Financial institutions, total
—
do—
Commercial banks
do
Sales finance companies.—
——do—
Credit unions
do
Consumerfinancecompanies..... .... 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____
1 row
'Revised.
2
3
Average for Dec.
Quarterly average.
Monthly average.
cfFor demand deposits, the term "adjusted" denotes 'demand deposits other than domestic commercial interbank and U.S. Government, less cash items in process of collection;
for loans, exclusive of loans to domestic commercial banks and after deduction of valuation
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
9 Includes data not shown separately.
}Data have been revised as follows: Commercial bank credit (seas. adj. only), back to 1948; consumer credit—unadj., back to 1962;
1
773-981 O-65-5
50,583 50, 937 51,220 51, 341 51,990 52, 159 52,352 52, 837 53,828
23, 389 23, 527 23, 663 23, 680 23, 943 24,091 24, 246 24, 537 25,117
14,475 14, 553 14,625 14, 622 14, 762 14, 797 14,782 14, 831 14, 991
6,429
6,465
6,739
6,204
6,378
6,569
6, 283
6,334
6,458
5,202
5, 078
5,101
4,919 •5,078
5,132
4,797
4,845
4,870
1,
764
1,779
1,758
1,742
1, 768
1, 718
1,729
1,749
1,728
7,183
7,011
6,744
6,951 .6,975
6,472
6,509
6,606
7,407
3,701
3,713
3,791
3,673
3,332
3, 541
3,922
3, 371
3,444
1,077
1,128
1,101
1,085
1,044
1,088
1,152
1,048
1,062
377
373
395
384
363
367
365
367
370
1,802
1,820
1, 891
1,809
1, 748
1,733
1,963
1,725
1,733
16, 014 16, 049 16, 102 16, 286 17, 413 16, 803 16, 378 16, 297 16, 680
6,442
6,606
6,412
6,412
6,518
6,299
6,333
6,473
6,354
5,572
5,436
5,495
5,377
5,409
5,335
5,469
5, 361
5,361
1.034
1.006
1.023
964
993
972
1.035
1. 004
1.003
seas, adj., back to 1960. Revisions are available as follows: Commercial bank credit—
1948-63, in the June 1964 Fed. Res. Bulletin; consumer credit—1962 unadj., in the Nov. 1963
Fed. Res. Bulletin; 1960-62 seas, adj., on p. 28 of the June 1964 SURVEY.
©Adjusted to
exclude interbank loans.
§ For bond yields, see p. S-20.
0Revisions are as follows (percent): Sept. 1963, 5.48; Oct. 1963 through Mar. 1964, 5.45.
*New series (FHLBB); data prior to Dec. 1962 not available.
HData are as of end of
consecutive 4-week periods ending in month indicated, except June figure which is as of June
30 (end of fiscal year).
SURVEY OF CURRENT BUSINESS
S-18
.
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
1964
Monthly
average
June 1965
May
Apr.
June
Aug.
July
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FINANCE—Continued
CONSUMER CREDlTt-Continued
Total outstanding, end of year or month— Con.
Noninstallment credit—Continued
1
Charge accounts, total. _ _
mil. $_•_ 5,871 i 6, 300
1909
1895
Department stores
do
1
4, 456 i 4, 756
Other retail outlets
do
1635
1520
Credit cards
do
i 4, 315 i 4, 640
Service credit
do
Installment credit extended and repaid:
Unadjusted:
Extended total
Automobile paper
Other consumer goods paper
All other
"Repaid total
Automobile paper
- _•
Other consumer goods paper
All other
Seasonally adjusted:
Extended total
\utomobile paper
Other consumer goods paper
All other
Repaid total
Automobile paper
Other consumer goods paper
All other
do
do .._
do
--do
do
__do
do
do
5.068
1,834
1,417
1,817
4,593
1,613
1,320
1,659
5,506
1,964
1,597
1,945
5,035
1,770
1, 469
1, 796
do
do
do
do
- do
do
do
- do
4,833
610
3,667
556
4,553
5,099
626
3,910
563
4,520
5, 238
610
4,028
600
4,522
5,240
576
4,008
656
4,502
5,231
588
3,960
683
4,484
5, 223
624
3,928
671
4,472
5, 352
660
4,055
637
4,417
5,394
703
4,065
626
4,480
6,300
909
4, 756
635
4,640
5,724
793
4,280
651
4,667
5,154
660
3,857
637
4,782
4,977
601
3,743
633
4, 802
5,210
626
3,942
642
4, 864
5,578
2,127
1,495
1, 956
4,991
1,768
1,470
1,753
5,584
2,137
1,547
1,900
4,846
1,712
1,424
1,710
5,949
2,245
1,632
2,072
5,155
1,798
1,501
1,856
5,747
2,166
1,543
2,038
5,165
1,844
1,460
1,861
5,519
1,984
1,540
1,995
4, 960
1,757
1,430
1,773
5,393
1,830
1,592
1,971
5,002
1,786
1,469
1,747
5,552
1,999
1,657
1,896
5,172
1,871
1,481
1,820
5,323
1, 727
1,672
1,924
5,064
1,783
1,463
1,818
6,767
1,992
2,404
2,371
5,455
1,838
1,532
2,085
5,023
1,836
1,440
1,747
5,078
1, 783
1,539
1,756
5,007
1,915
1,338
1,754
4,986
1, 746
1,558
1,682
6,173
2,382
1,619
2,172
5,748
2,062
1,659
2,027
6,480
2,496
1,614
2, 370
5,465
1,944
1, 502
2,019
5,371
1,961
1,544
1, 866 .
4,959
1,759
1,453
1,747
5, 552
2,023
1,589
1,940
5,059
1,776
1,483
1,800
5,399
1,962
1,537
1,900
5,029
1,768
1,486
1,775
5,541
1,996
1,546
1,999
5,058
1,781
1,448
1,829
5,529
2,017
1,570
1,942
5,094
1,789
1,496
1,809
5,617
2,024
1,588
2,005
5,104
1,802
1,491
1, 811
5,507
1, 924
1, 582
2,001
5,097
1,788
1,456
1,853
5,456
1, 858
1,631
1,967
5,155
1,818
1,509
1,828
5,816
2,043
1,719
2, 054
5,256
1,864
1,505
1,887
5,883
2,120
1,729
2,034
5,213
1,830
1,526
1, 857
6,022
2,228
1,760
2,034
5, 381
1, 897
1, 632
1, 852
6,030
2,229
1,698
2,103
5,393
1,924
1,567
1,902
6,189
2,272
1,645
2,272
5,445
1,936
1,487
2,022
14, 376
4,745
10, 502 10,217
3,874 -5,472
10, 552
11, 296
-744
11,739
9,400
2,339
4,344
10, 317
-5,973
9,716
9,398
318
10, 256
10, 882
-626
6,387
9,109
-2,722
11, 227
9, 606
1,621
13,065
9,566
3,499
10, 492
10, 476
16
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the publlc:cf
Receipts from
Payment^ to
Excess of receipts or pavments ( — )
Seasonally adjusted quarterly totals: §
mil $
do
do
9,381
9,763
-382
Budget receipts and expenditures:
Receipts total
do
Receipts netf
do
'105
Customs
do
4,525
Individual income taxes
do
1,897
Corporation income taxes
do
1,346
Employment taxes
do
1,650
Other internal revenue and receipts ^__do
7,849
Expenditures,
totall
do
T
852
ntPrest on public debt
do
439
Veterans' benefits and services
do
4,414
National defense
do
2,189
All other expenditures
do
Public debt and guaranteed obligations:
Gross debt (direct), end of mo., total..
bil. $.. 1309. 35
1305.21
Interest bearing, total
do
1261.56
Public issues...- _ _
do
1 14. 14
Held by U.S. Govt. investment nccts.do
Special issues.
_do __ i 43. 66
14.13
Nonlnterest bearing
do
Guaranteed obligations not owned by U.S. Treas1.74
ury, end of month.
bil $
U.S. savings bonds:
i 49. 03
Amount outstanding, end of month
do
.40
Sales, series E and H
do
.42
Redemptions
_
do
8,334
9,586
10, 028 10, 163
-1,829
-442
10,652
9,533
1,119
28, 612
29, 869
-1,257
9,769
7,391
113
4,361
2,087
1,426
1, 782
8,079
920
457
4,355
2,422
9,559
6,609
109
5,895
684
1,106
1,765
7,930
895
415
4,564
2,071
28, 221
30, 188
-1,967
10, 525
6.136
100
5,398
491
2,864
1,672
7, 511
899
449
4,666
1,523
14, 531
12, 401
117
4,873
6,196
1, 460
1,884
9,527
941
496
5, 713
2,424
5,131
3,487
120
1,549
646
624
2,192
7,410
957
442
3,542
2,946
1
28, 708
29, 822
-1,114
29, 785
30, 086
-301
9, 662
6,653
112
4,967
419
2,338
1,826
8,083
913
479
3,784
2, 991
11, 766
10, 072
122
4,924
3,950
1,148
1,621
8,450
927
489
4,198
2,842
4,275
3, 398
126
1, 423
572
479
1,676
8,329
923
467
4, 233
2, 716
8,972
7,037
124
5,068
449
1,491
1, 840
7, 051
917
366
3,997
"1,780
10, 025
8,856
125
3,398
3, 953
779
1, 769
8,770
955
495
4,473
2, 866
6, 329
5,642
76
3,688
607
399
1,560
7,676
966
450
3,987
2, 349
11, 329 14, 517
7,518 11, 188
106
155
6,174
4,135
473
6,759
2,810
1,459
1, 765
2,009
7,146
8,139
933
961
478
459
3,835 r 4, 497
1,940 '2,224
11, 423
8,549
139
6,943
1,187
1, 311
1,843
8, 268
948
452
4,346
2,531
i 317.94
307. 60
311.53
311. 71
311. 18
314. 09
315. 61
315. 64
318. 49
317. 94
317.98
319. 88
317.70
316. 56
319. 22
i 313.55
i 267.48
i 14.36
i 46. 08
14.39
303. 38
261. 38
13.93
42.00
4.22
307. 21
262. 18
14.16
45.03
4.32
307. 36
260. 73
14.34
46.63
4.36
306. 86
261. 12
14.02
45.74
4.33
309. 62
262. 18
14.20
47.44
4.46
311. 12
263. 76
14.30
47. 37
4.49
311. 22
264. 96
14.10
46.26
4.42
314. 02
267. 36
14.33
46.66
4.46
313.55
267. 48
14.36
46.08
4.39
313. 68
269. 44
14. 68
44. 24
4.31
315. 54
269. 98
14.67
45. 57
4.34
313.33
267. 67
14.85
45.66
4.36
312.21
267. 81
14.63
44.40
4.35
314. 17
266. 33
1.81
149.89
.38
.44
47.83
5. 05
.80
.80
.81
.82
.85
.89
.82
.83
.81
.66
.69
.72.
.66
.61
49.30
.38
.45
49.37
.37
.41
49.44
.38
.45
49.50
.39
.47
49.57
.36
.41
49.63
.36
.43
49.70
.37
.41
49.81
.35
.36
49.89
.37
.43
49. 94
.43
.53
50. 01
.39
.45
50. 06
.41
.49
50.08
.39
.49
50.11
.36
.43
145. 82
146. 48
147, 17
147. 98
148. 75
149.32
150. 39
151. 03
151. 66
152. 27
67.69
5.76
3.81
16.51
3.41
32.18
67.74
5.76
3.82
16. 49
3.41
32.22
67.82
5.79
3.85
16. 44
3.40
32.31
68.04
5.77
3.87
16. 35
3.38
32.62
68. 17
5.70
3.84
16.33
3.38
32.77
67.97
5.51
3.81
16.29
3.36
32.93
68. 54
5.72
3.82
16. 27
3. 35
33. 26
68. 73
5.76
3.80
16.26
3.34
33. 42
68.74
5.56
3.79
16.25
3.34
33. 57
68.85
5.52
3.77
16.25
3.33
33.69
6.06
2.48
3.47
52.83
48.71
4.45
6.95
1.25
6.60
6.13
2.53
3.49
53.17
49.01
4.46
6.99
1.35
6.64
6.20
2.54
3.55
53.56
49.37
4.49
7.02
1.28
6.80
6.24
2.55
3.58
53.98
49. 76
4,50
7.06
1.28
6.88
6.31
2.56
3.64
54.40
50.15
4.51
7.09
1.39
6.87
6.39
2.57
3.71
55. 18
50. 88
4.52
7.13
1.44
6.68
6.46
2.58
3.77
55.63
51. 31
4.53
7.16
1.32
6.75
6.52
2.60
3.82
55.94
51. 59
4.54
7.20
1.25
6.84
6.61
2.61
3.89
56.34
51.92
4.57
7.26
1.24
6.91
6.62
2.63
3.88
56.69
52 91
4.57
7.31
1.20
7.02
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies §
143. 68 144. 31 144. 96
bil.$_. 1141.12
Bonds (book value), domestic and foreign,
67.11
67.12
66. 91
total— _ _
bil $ i 66. 08
15.81
5.73
5.63
5.69
U.S. Government
do
13.85
3.83
3.82
3.85
State, county, municipal (U S )
do
i 16. 44,
16. 47
16.47
16. 43
Public utility ( U S )
do
13.35
3.40
3.39
3.41
Railroad (U.S.). .
do
1 30. 97
31.76
31.90
31.64
Industrial and miscellaneous ( U S )
do
Stocks (book value), domestic and foreign, total
17.14
5. 94
6.02
bil $
5.90
12.31
Preferred (U.S.)._
do
2.39
2.42
2.37
14.72
Common (U.S.)-___
do
3.44
3.43
3.49
i 50. 54
Mortgage loans, total.
__
do
52.12
51.81
52.47
Nonfarm
do
1 46. 75
47.82
48.08
48.38
Real estate
do
14.32
4.42
4.40
4.44
Policy loans and premium notes.. _
do
16.66
6.91
6.87
6.96
Cash
do
11.47
1.17
1.18
1.26
Other assets
do
14.92
6.61
6.64
6.71
Payments to policyholders and beneficiaries in
U.S., total..
_ _ _ _ m i l . $ _ _ 835.7 896.5
885.5
830.2
917.4
Death payments
do
350. 7
377. 8
386. 5
356. 9
377.7
Matured endowments
do
74.9
67.4
75.5
72.0
78.1
Disability payments
do_._.
13.4
12.9
13.7
13.7
14.4
Annuity payments
do
75.1
80.1
79.6
75.0
79.5
Surrender values— _
do
149.1
152.8
158.5
147.8
165.7
Policy dividends
do
180.4
197. 5
171.7
164.8
202.0
' Revised.
» Preliminary. i End of year; assetsoflifei nsurance compan ies are armual
statement values.
|See similar note on p. S-17.
cfOthi ?r than r orrowin g.
§Revisions available upon request are as follows- Net cas h transac3tions w: th the public
(seas, adj.), 1962-63; assets all life insurance cos., K 63— Mar . 1964.
857.8
840.7
882.. 3
370.4
355. 9
372.9
66.5
69.1
73.5
12.1
11.9
13..7
82.8
77.1
77.1
149.6
143.4
150.5
173.1 185.7
195.5
IDa ta for ne t receipts
action 3,
898.8 803. 8 1, 179. 3
918.5
842.3 1, 059. 2
922.0
375.3 342.6 432.8
389.2
468.3 398. 6
363.7
75.2
77.5
79.2
86.7
75.6
91.9
82.0
12.4
12.6
17.6
13.5
15.7
12.7
12.9
78.2
77.1
101.9
84.2
81.5
88.5
83.5
136.0
143.8
163.1
143.4
173.0
183.6
162.1
160.3 395. 2
211.6
164. 1
211.2
162.7
182.9
and totsil expenc itures re fleet exclusion of certain !nterfun d trans-
SURVEY OF CUERENT BUSINESS
June 1965
1963
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1965
1964
| 1964
Monthly
average
S-19
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FINANCE—-Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association :
Insurance written (new paid-for insurance) : \
Value estimated total
mil. $
Ordinary
do___
Group and wholesale
„
do___
Industrial
do
7, 464
5,293
1,574
596
8, 548
5,903
2,044
601
9,110
6,328
2,174
608
8, 001
5,916
1,438
647
8,959
6,190
2,147
622
7,718
5,847
1,298
573
7,785
5,535
1, 645
605
7,986
5,544
1,854
588
8,207
6,084
1,492
631
9,653
6,134
2,870
649
12, 104
6,685
4,886
533
7,675
5,338
1, 783
554
7, 890
5,746
1,536
608
9,709
7,088
1, 989
632
8,960
6,704
1,638
618
1, 134
847
169
117
1,191
890
185
116
1,164
884
176
103
1,144
861
175
108
1,183
890
191
102
1,188
893
188
107
1,163
868
188
108
1,126
840
184
101
1,182
895
180
107
1,182
890
180
111
1,441
989
235
218
1, 200
911
181
108
1,153
873
181
99
1,299
985
209
105
1,196
907
189
101
Gold and silver:
Gold:
Monetary stock, U.S. (end ofyr.ormo.)_mil. $__ 115, 513 U5,388
-21
21
Net release from earmark!
do
16, 982 35, 229
Exports
thous. $
3,701 3, 407
Imports
do
15,462
49
66, 307
1,813
15, 463
-21
28,155
1, 855
15, 461
-48
4
2, 379
15, 462
43
28, 146
2,082
15, 460
11
0
1,799
15,463
3
28, 230
2,362
15, 461
31
56, 453
2,221
15,386
35
28, 187
9,704
15,388
-26
28, 197
9,902
15, 185
-173
49, 276
2, 170
14,937
-69
95,766
2,062
14, 563
-247
22, 304
2, 128
Premiums collected :t
Total life insurance premiums Ordinary
Group and wholesale
Industrial
do
- do
do
do
.MONETARY STATISTICS
r
14, 410
13
14, 291
1,293
2 112. 5
80.0
11.6
4.3
85.0
••11.1
82.3
11.6
83.4
10.7
85.4
10.8
86.9
11.3
87.2
11.3
88. 2
10.9
89.9
11. 5
88.0
11.5
84.2
10. 8
10.8
9.8
10.8
3,480
5,910
1.279
12, 010
5,526
1.293
11, 310
3,097
1.293
3,883
7,168
1.293
4,672
5,010
1.293
6,341
6,707
1.293
6,466
5,184
1. 293
13,388
3,400
1.293
33,949
5,703
1.293
23, 628
6,252
1. 293
23, 621
4,956
1.293
5,023
4, 716
1. 293
8,280
5, 278
1.293
4,476
2,760
1.293
1.293
2,487
3, 286
3,843
2,526
2,673
2,839
3,974
2,708
3,579
4,879
2,434
3,672
3,603
2,797
3,268
3,787
2,635
3,784
4,200
2,382
3,440
3,141
2, 594
4,017
2,844
2,963
2,576
2, 294
3,823
2,372
3,444
3,996
4,522
3,445
139.6
36.9
37.2
37.7
37.8
38.0
38.2
38.4
39.2
39.6
38.5
38; 6
38.8
38.8
3 150. 6 3156.3
3 31.5 3 33. 4
s 119. 0 3 122. 9
3105.5 s 119. 4
35.9
35.9
155.0
32.7
122.3
116.7
4.2
152. 4
33.0
119.4
118.1
6.9
153.6
33.3
120.3
119.2
7.8
155. 2
33.7
121.5
120.1
7.0
155.1
33.8
121. 3
121.1
6.4
156.9
33.8
123.1
122. 0
6.6
158.8
34.0
124.8
123.3
5.6
160.4
34.5
125.9
124.1
5.8
163.6
34.9
128.7
125. 0
5.5
163.9
34.3
129.6
128.1
4.2
159. 0
34.2
124.9
130. 6
5.8
158. 5
34.3
124.2
132.4
6.7
161.1
34.4
126.7
133.7
5.6
157.1
34.6
122.6
135.1
9.7
do
do
do
do....
154. 5
33.0
121.5
116.4
154.5
33.3
121.3
117. 4
155.6
33.4
122.1
118.5
156.7
33.5
123. 3
119.4
157.2
33.7
123.5
120.6
158.0
33.8
124.2
121.7
158.6
33.9
124.7
123.1
159.1
34.2
124.9
125. 1
159.4
34.2
125. 2
126. 5
159. 8
34.5
125.3
128.9
159. 1
34.6
124.5
131.1
159.8
34.6
125.2
132.4
160.5
34.7
125.8
133.3
159.3
34.9
124.4
134. 3
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted: f
Total (225 '•'MSA's) ratio of debits to deposits
New York SM'SA
do
Total 224 SMSA's (except N Y )
do
6 other leading SMSA'scf
do
218 other SMSA's
do
45.1
89.8
33.2
42.1
29.4
45.2
89.8
33.5
43.1
29.5
45.0
91.2
32.9
40.9
29.3
46.3
95.8
33.3
42.3
29.4
44.7
89.3
33.0
42.4
29.1
44.3
88. 5
32.9
41.4
29.2
44.6
89.8
32.8
40. 9
29. 3
45.1
91.3
33.2
41. 0
29.5
45.5
90.7
33.4
41.7
30.0
46.3
94.8
33.8
42.8
30.0
47.1
96.1
34.6
44.3
30.5
47.9
96.9
35.4
44.8
31.2
48.4
100. 0
35.2
44.5
31,2
47.0
96.0
34.7
44.3
30.6
South Africa
do
Canada
do
United States
do
Silver:
Exports
thous $
Imports
- — do
Price at New York
___dol. per fine oz
Production:
Canada .
_--____________thous.fineoz__
Mexico
do
United States
do
Currency in circulation, end of yr. or mo____bil. $..
Money supply and related data (avg. of daily fig.) :|
Unadjusted for seas, variation:
Total money supply
bil $
Currency outside banks..
_
___do____
Demand deposits. . __
do
Time deposits adjusted!....
.do
U.S. Government demand deposits
do
Adjusted for seas, variation:
Total monev supply
Currency outside banks
Demand deposits
Time deposits adjusted1!
3
37. 7
PROFITS AND DIVIDENDS (QTELY.)
Manufacturing corps. (Fed. Trade and SEC) :
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 re
finlnsr.do
Stone, clav, and glass products • _ _ _ < .
do
Primary nonferrous metal
_ _
do
Primary iron and steel.
_ do
Fabricated metal products (except ordnance,
machlnerv, and transport, equip.)
mil $
Machinery (except electrical)
do
Elec. machlnerv, equip., and supplies
do
Transportation equipment (except motor
vehicles, etc.)
.
mil. $
Motor vehicles and equipment
do
All other manufacturing Industries
do
4 4, 871 4 5, 803
4423
4362
4
4 127
88
6, 121
400
108
5, 670
487
155
6,299
464
159
6,232
409
151
478
462
4 188
4158
4714
607
4958 4 1, 024
4170
4148
4190
4141
4
4306
234
93
194
765
960
217
200
325
94
180
707
948
227
163
283
66
218
755
1,164
167
221
355
56
185
731
1,061
83
235
388
> 167
4358
4325
4210
4500
4378
227
553
361
238
526
372
225
506
456
244
500
406
4111
4 136
4702
4654
150
945
622
142
390
757
143
651
749
147
985
651
2,395
3,405
2,658
583
600
712
4
4 640
4510
Dividends paid (cash), all industries
_ _ _ d o _ _ _ _ 4 2, 467
Electric utilities, profits after taxes (Federal Re-"
served
„
....mil. $
4546
Transportation and communications (see pp S-23
andS-24).
'
42,702
2,600 ........
542
4596
SECURITIES ISSUED
Securities and Exchange Commission : \
Estimated gross proceeds, total..
By type of security:
Bonds and notes, total
Corporate
Common stock
Preferred stock.
mil. $
do
do
do
do
2,635
3,093
4,991
2,293
3,084
3, 619
2,145
2,521
2,714
2,836
924
905
1,034
1,119
906
1, 349
289
223
98
85
2Q
34
23
50
82
2
'Revised.
1 End of year.
Estimated-excludes U.S.S.R., other Eastern European
countries,
China Mainland, and North Korea.
3
Average of daily figures. 4 Quarterly average.
TReyisions will be shown later as follows: Insurance written for 1963 (Jan-Apr., all series;
May-Dec., total and ordinary) and 1962 (total and ordinary); premiums collected, Jan.July 1963; profits of electric utilities, 1962; securities issued, 1961-62 and Jan. and Feb. 1964.
Revisions back to 1947 for money supply and related data are available in the June 1964 Fed.
2,500
4,148
2,548
2, 914
4,631
3,339 r 2, 333
' 3, 997
3,003
3,176
3,013
2,275 4,036
2,860
2, 392
2, 701 4,579
3,196 r 2, 202 '3,842
1,196
1,215
*637
677
636
1,069
1,662
823
675
'727
129
82
166
130
58
133
94
43
84
188
35
r 47
59
54
Q
4Q
r24
60
••9.3
9.R
Res. Bulletin; these revisions result from adjustments to new benchmarks and from revisions
of seasonal factors beginning 1955.
§Or increase in earmarked gold (-).
^Time deposits at all commercial banks other than
those due to domestic commercial banks and the U.S. Govt.
fRevised series; data prior to
1964 not available. Total SMSA's include some cities and counties not designated as
SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland,
and Los Angeles-Long Beach.
SURVEY OF CUEEENT BUSINESS
S-20
1963
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1964
1964
Monthly
average
June 1965
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
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
1,020
295
18
222
36
91
260
1,163
254
35
230
28
182
321
2, 295
195
45
174
48
1,387
317
1,181
217
14
501
25
27
258
1,489
374
20
271
22
271
475
902
193
8
227
54
28
316
748
190
16
167
7
31
292
1,226
272
87
338
28
21
355
1, 036
270
58
339
16
89
199
727
229
23
47
15
21
213
1 615
601
842
1,930
888
879
2,696
1,444
1, 204
1,112
367
660
1,595
383
900
1, 598
387
922
3,400
2, 449
767
1,323
358
952
1, 878
367
816
3, 904
3, 242
566
1,007
1, 149
2,275
1,167
1, 469
887
738
1,212
1,019
720
1,787
'850
'779
1,343
1, 340
749
450
299
127
130
936
584
352
63
150
2, 145
1,835
311
38
92
979
662
317
72
116
1,317
734
583
64
89
684
437
247
75
128
587
305
282
58
93
807
477
329
82
323
754
541
213
67
199
553
243
310
51
116
1,322
621
701
145
320
' 700
' 410
'290
' 54
'•95
'687
'443
'244
33
'59
1, 039
667
372
146
157
1, Oil
564
447
90
239
842
457
879
452
1,204
869
660
515
900
393
922
222
767
458
952
540
816
446
566
354
1,097
296
811
424
933
533
M61
1488
i 5, 541 1 5, 101
11,210 i 1, 169
i 4, 481 i 4, 132
458
5, 531
1,165
4,428
448
5,458
1,138
4,475
466
5,388
1,146
4,431
451
5,314
1, 114
4,395
465
5,207
1,077
4, 281
456
5,241
1,145
4,231
475
5,205
1, 155
4, 155
498
5,181
1,131
4, 135
488
5,101
1, 169
4,132
519
5,019
1,207
3,940
488
501
5, 038 ' 5, 085
1,254
1,264
3,880
4, 000
489
5,099
1,207
4,066
Noncorporate, total 9
^o
IT 8 Government
- do
State and municipal
__
do
New corporate security issuesEstimated net proceeds, total .
-- _ - - d O
Proposed use s of proceeds :
New money total
--- do
Plant and equipment -do
Working capital
do
Retirement of securities
do
Other purposes
.
do
State and municipal issues (Bond Buyer) :
Long-term
do
Short-term
-- do
"•189
'791
'212
'7
'230
'39
'45
'220
1, 358
555
14
289
47
30
248
1,534 ' 1, 475
373
433
1,097
811
3,205
2, 129
933
1,646
413
1,003
1,805
637
52
205
29
34
619
858
"•412
11
' 120
26
r22
1,360
609
79
207
21
13
319
.
1,816
390
971
1,003
'971
518 ' 1, 046
881
652
SECURITY MARKETS
Brokers' Balances (N.Y.S.E. Members Carrying
Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net) Customers' free credit balances (net)-:
Money borrowed
mil.$_
do
do
- do
Bonds
Prices:
Standard & Poor's Corporation:
Industrial, utility,
and railroad (A1+ issues):
Composited1 -- - dol. per $100 bond _
Domestic municipal (15 bonds)
___do_— _
IT.S Treasury bonds taxable^
__do
Sales:
Total, excl. U.S. Government bonds (SEC) :
All registered exchanges:
Market value. --mil. $
Face value
do..
New York Stock Exchange:
Market value _
do
Face value
do
New York Stock Exchange, exclusive of some
stopped sales, face value, total.
mil. $_.
Yields:
Domestic corporate (Moody's)___
percent..
By ratings:
Aaa
do
Aa
_
do
A
_
_do
Baa
do
By groups:
Industrial
do
Public utility
.do
Railroad
_
do
Domestic municipal:
Bond Buyer (20 bonds)
do.
Standard & Poor's Corp. (15 bonds)
do
U .S. Treasury bonds, taxable©
.
96.8
111. 3
95.1
111.5
94.6
110.3
94.7
111.6
94.9
111.8
95.2
112.1
95.3
111.8
95.1
111.0
95.1
110. 9
95.2
112.0
95.3
112.6
95.5
114.0
95.5
113. 3
95.2
112.0
95.0
112.2
94.7
111.9
86.31
84 46
83 84
84.38
84.70
84.70
84. 59
84.31
84. 37
84.81
84. 65
84. 56
84.40
84.48
84. 53
84.58
145. 04
137. 82
240 21
220. 06
288 43
228 37
257 85
236. 45
242. 20
229. 12
247.56
227. 28
197. 81
186. 44
221 98
211 69
239. 88
218. 21
204 06
193. 97
211. 88
200.92
204 50
194 12
215. 95
195. 74
321 07
295 71
261 23
257 53
138. 94
132. 17
231 90
211-86
282 05
222 06
252, 29
231 22
235. 66
221 26
238. 63
218. 63
190. 38
178. 75
212 29
201 31
227. 75
206 52
189. 71
180 23
203. 14
192 02
195 35
185 17
203. 26
185. 24
305 46
282 15
251 67
248 48
123.61
210. 38
226. 94
200. 45
215.15
190. 12
166. 90
205. 15
222. 93
179. 45
193. 49
196. 84
215. 30
258. 65
214. 56
207. 90
4.50
4.57
4.58
4.59
4.59
4.58
4.57
4. 57
4.57
4.58
4.58
4.57
4.55
4.56
4.56
4.57
4 26
4 39
4.48
4 86
4
4
4
4
4
4
4
4
4
4
4
4
41
50
60
85
4 41
4 51
4.60
4 85
4 40
4 50
4.58
4 83
4.41
4.49
4.57
4.82
4
4
4
4
4
4
4
4
4
4
4
4
43
49
57
81
4 44
4 50
4.58
4 81
4 43
4 48
4.57
4 80
4 41
4.46
4. 54
4 78
4 42
4*48
4 54
4 78
4
4
4
4
43
48
54
80
4 44
4 49
4 55
4)81
4 42
4 41
4 65
4 52
4 53
4 67
4 53
4 53
4 69
4 54
4.53
4 69
4 54
4.55
4 70
4 52
4.54
4 68
4. 52
4.54
4.65
4 52
4 53
4 65
4 53
4 52
4 66
4 53
4 53
4 67
4 54
4.54
4 68
4 53
4 52
4 66
4 52
4.51
4 62
4 52
4 51
4 63
4 54
4 51
4 64
4 55
4 53
4 64
3 18
3.23
3 20
3. 22
3 26
3.29
3.16
3.21
3 20
3.20
3 19
3.18
3.19
3.20
3 26
3.25
3 23
3.26
3 18
3.18
3 12
3.15
3 04
3.06
3 17
3.10
3 16
3.18
3 15
3.17
3 20
3.19
4 00
4 15
4 20
4.16
4 13
4 13
4.14
4 16
4 16
4 12
4 14
4 14
4 16
4 15
4 15
4 14
do
40
49
57
83
40
49
59
85
42
48
55
82
42
49
55
81
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil. $__ 216,188 2 17, 682 1,131.1
475.3 2, 517. 5 1, 211. 7
488. 5 3, 520. 3 1, 385. 2
613.3 2,622.9 1, 243. 8
487.4
2 805
9 298
2 601
221 2
353 3
18 2
229 3
104 0
164 5 1 722 5
39
112 3
241 1
362 1
16 6
115 5 273 9
166 2 1 625 2
4 1 111 0
246 4
385 3
17 5
125 8
493 1
175 8 2 282 9
183 0
32
374 8
408 1
20 0
214 1
259 6
175 5 1 725 4
117 5
267 5
391 2
18 4
106.5
179.8
32
1, 456 2 1 573
2 1, 900 2 2 036
2377
2 429
2
642
22 680
2
232
268
289 4
140 1
23 8
66 7
18 4
35
137 5
57
23 7
11 4
111 6
225 8
63 9
65 6
35 0
288 7
141 1
21 1
70 3
16 8
3
139
8
26
11
6.95
7 58
3 38
3 72
4 55
5.90
6.97
7 61
3 38
3 72
4 K5
5.90
6.98
7 61
3 38
3 76
4 55
5.90
Price per share, end of mo., composite—
do
202.32 235 08 229 62 232 35 236 24
Industrials.
_ _ _ _ _
d o
218 24 258 55 251 53 255 45 257 62
Public utilities _
do
102 79 108 76 104 00 104 11 105 40
Railroads, _ _
do
78. 49
88.' 66
94 99
99. 52
94' 01
2
' Revised.
1 End of year.
Annual total.
^Revisions for 1961-62 will be shown later.
9 Includes data not shown separately.
cf Number of bonds represented fluctuates; the change in the number does not affect the
continuity of the series.
Finance..
„
Manufacturing
Mining
Public utilities:
Communications.
Electric and gas____
Railroads
Trade
Miscellaneous
__
_ _
...
do
do
do
do
do
-.do
do
do
Dividend rates and prices, 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___-
2 2, 487
28,510
2
582
2
2
2
6.42
6 98
3 21
3 50
4 46
5.84
7.05
7 70
3 43
3 81
4 57
6.00
454.2 2,566.0 1, 157. 8
2
7
9
2
5
109 9
230 1
65 7
66 2
35 5
292 1
144 7
31 8
71 7
22 2
27
140 7
65
23 0
10 8
112 6
236 9
96 8
71 2
43 8
290 8
146 1
19 1
102 1
24 2
20
151 4
91
45 5
12 1
111 8
233 9
69 8
67 3
37 6
292 4
152 2
25 7
74 2
22 2
20
150 2
5.9
27 4
12 4
7.03
7 68
3 39
3 76
4 55
5.90
7.05
7 69
3 46
3 76
4 55
6.12
7.05
7 70
3 48
3 91
4 55
6. 12
7.12
7 77
3 49
3 96
4 55
6.12
7. 32
8 06
3 49
4 00
4 fii
6.12
7.37
8 10
3 68
4 03
6.22
7.44
8 20
3 73
4 03
4 80
6.22
7. 47
8 24
3 73
4 03
4 80
6.22
7.48
8 24
3 80
4 03
4 92
6.25
7.48
8 25
3 80
4 03
4 92
6.25
7.54
8 38
3 80
4 00
4 92
6. 31
240 48
263 49
110 76
100^64
236 88
260 03
110 86
94.14
243 14
269 08
115 11
941 05
268 83
242 99
270 21
115 54
250 34
280 74
119 00
248 21
278 19
Q9 -KQ
•QR R9.
253 28
287 13
119 57
94:11
249 78
282 16
118 21
90.22
242
268
112
98
73
38
67
13
-{09. 41
m
fi9
QK QK
A RO
118 81
Q4 fi9.
245
274
118
94
38
90
85
Ifi
^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
OFor bonds due or callable in 10 years or more.
SURVEY OF CURRENT BUSINESS
June 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown In the 1963
edition of BUSINESS STATISTICS
1964
1963
Monthly
average
S-21
1965
1964
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields and earnings, common stocks
(Moody's):
Yields composite
_ __ percent _
Industrials
do
Public utilities
- - --do
Railroads
do
N Y banks
do_Fire insurance companies
•
do
3.17
3.20
3.12
4.46
3.15
2.51
3.00
2.98
3.15
4.05
2. 97
2.50
3.03
3.01
3.25
4.20
2.99
2.46
3. 00
2 98
3.25
3 92
2.94
2 45
Earnings per share (indust., qtrly. at aiin. rate;
pub. util. and RR., for 12 mo. ending each qtr.)
U2.43 114.39
Industrials
dollars
i 4.99 1 5. 41
Public utilities
do
16.29 16.97
Railroads
do
Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp.)——
percent-
4.30
4.32
Prices:
253. 67 294. 23
Dow-Jones averages (65 stocks)
714. 81 834.05
Industrial (30 stocks)
__
Public utility (15 stocks)- _
----- 138. 36 146. 02
165. 30 204. 36
Railroad (20 stocks)
Standard & Poor's Corporation :c?
Industrial, public utility, and railroad:
Combined index (500 stocks) . _ . _1941 -43=10— 69.87 81.37
2.95
2.95
3.21
3.78
2.98
2.45
2.92
2.91
3.06
3.74
2.95
2.39
2.98
2.96
3.12
3.99
2.90
2.49
15. 15
5.13
6.97
4.37
286.09
820. 94
139. 02
196.15
4.41
289. 33
823. 12
140. 86
202. 08
4.41
290. 08
817. 63
141. 56
206. 59
2.90
2.87
3.09
3.98
2.76
2.52
2.93
2.89
3.03
3 87
2.89
2 56
2.95
3.00
3.02
4.17
2.93
2 60
302.
844.
147.
218.
4.29
4.25
2.97
2.92
3.13
4.22
3.08
2.56
3.01
2.96
3.14
4.26
3.25
2.55
3.05
3.00
3.20
4.28
3.33
2.59
2.95
2.87
3.18
4.28
3.24
2.51
3 02
2 97
3 21
4 43
3 39
2 70
15.85
5.51
6.83
15.96
5.41
6.97
12. 60
5.26
7.26
4.37
3.03
3.00
3.19
4.35
2.99
2.62
r
4.25
4.25
4.23
4.18
4.22
4.26
4. 28
4.30
311. 04
880. 04
154. 33
217. 16
304. 50
866. 73
154. 49
206. 46
311. 84
889. 89
158. 09
210. 34
313. 79
894. 41
161.31
210. 01
315. 14
896. 44
161. 61
212. 26
317. 55
907. 71
162.25
212. 19
319. 93
927.50
161. 35
209. 18
02
24
37
78
298. 13
835. 30
149. 24
211. 25
305. 85
863. 55
151.85
214. 44
311. 73
875. 26
153. 93
222. 00
79. 94
80.72
80. 24
83. 22
82.00
83.41
84.85
85.44
83.96
86.12
86.75
86.83
87.97
89.28
73.39
63.30
62.28
64. 99
37.58
86.19
76.34
73. 84
69.91
45. 46
84. 92
76.52
70.93
67.30
43.27
85.79
76. 50
72.67
67.29
44.86
85. 13
75.85
72. 42
67.46
46.29
88.19
77.76
75. 47
70. 35
48. 93
86.70
75.91
75.40
71. 17
47.17
88.27
77.97
77. 74
72.07
47.14
89. 75
79.13
79.08
73.37
48.69
90.36
78.97
79.18
74.39
48.01
88.71
77.24
77.58
74.24
45.75
91.04
80.19
79.69
75.87
46.79
91.64
82.52
80.74
77.04
46.76
91.75
83.62
81.50
76.92
46.98
93.08
84.85
83.78
77.24
46. 63
94 69
86.35
85.21
77 50
45 53
36.75
74.81
63.38
39. 64
77.54
67. 20
39. 20
77. 17
67.07
39. 88
77.66
67.62
38. 91
76.69
66.96
39.78
76.98
68.31
39.71
76.58
68.27
41.60
77.48
68.46
41. 75
80.50
67. 99
41.61
81.20
66.82
40.08
76.08
66.14
40.40
75.13
66.80
39.43
73.30
68.47
38.96
71.13
68. 26
40.00
71.81
69.49
38.91
71 23
67.67
5,359
153
6,012
170
6,982
210
6,072
168
5,681
154
6,181
170
4,828
139
5, 823
168
6,245
185
5,195
155
5, 773
170
5,959
179
6,330
182
7,198
217
6,696
199
4,574
113
5,035
124
5,933
156
5,196
125
4, 745
114
5,266
125
4,106
100
4,914
120
5 268
131
4 371
108
4 872
121
4 918
127
5 291
131
5 979
152
5 508
136
96
103
124
99
96
103
82
110
107
94
104
109
112
125
119
110
Shares listed, N.Y. Stock Exchange, end of mo.:
Market value, all listed shares
bil. $__ 386. 63 454. 14
Number of shares listed
_
millions— 7, 906 8,732
441. 72
8,378
447. 62
8,480
455. 01
8,841
464. 54
8,941
458. 12
8,981
472. 02
9,010
476. 39
9 095
472. 15
9 136
474. 32
9 229
491. 85
9 292
493. 48
9 336
490. 25
9 481
506. 58
9 516
503.54
9 647
Industrial, total (425 stocks) 9
do
Capital goods (122 stocks)— —do
Consumers' goods (188 stocks) _ _ _ _ _ _ do....
Public utility (50 stocks)—_do
Railroad (25 stocks)
do
Banks:
New York City (10 stocks)
— do.—
Outside New York City (16 stocks)
do
Fire and casualty insurance (22 stocks) t _ _ d o _ _ _ _
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)
..millionsExclusive of odd-lot and stopped stock sales
(N.Y. S.E.; sales effected)
millions-
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value*
mil. $-- 1,945.8 2,203.5 2,224.7 2,273.8 2,116.1 2,121.3 1,972.7 2,139.1 2,290.3 2,267.0 2,613.0 1,247.4 1,598.1 2, 974. 1 2, 612. 3
do__ 1,868.7 2,135.0 2,138.0 2,220.9 2,047.4 2,045.9 1,899.6 2,084.7 2,258.9 2,182.9 2,560.9 1,188.1 1,513.7 2, 891. 7 2, 529. 1
Exports (mdse.), incl. reexports, totallQ
Excl. Dept. of Defense shipments
Seasonally adjusted
do
By geographic regions: A
Africa
Asia
Australia and Oceania.
Europe
".
... _
do _
do
do
do
2, 061. 1 2,061.8 2,034.2 2,122.9 2,108.8 2, 235. 3 2, 154. 8 2, 196. 8 2, 430. 4 1, 217. 3 1, 592. 7 2, 752. 7 2,380.3
82.7
401.1
44.3
593.1
101.6
435. 5
61.5
692.0
100.0
412.6
48.8
702.7
115.6
453. 2
59.6
704. 0
104. 6
373.5
63.8
629.2
103. 3
440. 3
64.0
633.0
93.5
378.4
68.9
554.3
93.5
422.9
75.6
639.4
111.9
446. 6
72.1
733.4
97.8
447.4
67.3
719.6
122.1
575.5
64.8
825.4
33.9
273.7
24.2
352.2
49.1
165.5
283.7
680. 2
63.3
87.4
509.3 1, 009. 3
_ _ _ do—
do
do___
343.3
145.1
153.6
395.6
170. 4
176.9
426.2
169.6
163. 5
425.8
167. 4
189.0
416. 5
180.3
182.1
365. 8
169.1
167.3
380.3
156.2
175.8
389.4
175.0
188.6
429.7
184.4
172. 3
390.9
177. 1
191.1
432. 7
204.3
225.2
296.9
126.5
73.3
354.1
142. 4
116.4
495.9
194.4
216. 1
By leading countries:
Africa:
United Arab Republic (Egypt Reg.)___do_.__
Republic of South Africa.—do
17. 5
23.2
22.3
32.8
23.5
28.9
29.6
37.7
24.2
34.3
18. 9
33.2
20.8
32.6
18.1
30.1
21.6
40.7
19.3
30.8
34.7
37.3
6.9
14.6
5.5
23.7
26.2
61.5
37.1
68.1
32.3
52.3
79.6
31.3
6.4
40.7
76.1
20.0
6.0
50.1
99.2
30. 7
6.4
,54.7
55. 1
38.4
6.1
53.9
87.6
40. 4
7.5
58.0
53.1
* 34. 3
7.7
65.6
88.6
32.2
6.6
61.8
91.1
34.9
5.7
58.4
80.7
38.1
6.3
55.6
104.2
44.3
6.7
19.5
41.9
14.2
4.3
56.1
28.3
13.3
5.6
75.3
156.2
31.9
8.7
do
do
do
9.1
26.9
142.6
5.7
30.0
159.0
2.2
31.3
155.4
3.2
32.6
146.2
3.3.
30.4
129. 5
5. 7
28.8
147.7
4.3
28.2
136. 7
4.6
32.6
139.9
6.0
29.5
155.7
7.4
27.1
164.0
7.5
30.1
212.6
1.7
13.9
116.6
2.5
21.2
135.8
4.5
36.3
244.1
do
do
do
56.8
.5
93.4
66.8
1.7
109. 2
66.5
.5
118.0
71.8
4.6
113.5
61. 6
1.1
97. 6
59.2
.3
100.2
51.3
.3
93.6
55. 2
.8
114.2
67.0
.5
119.1
64.6
.8
104.0
82.8
2.7
139. 5
42.3
.1
59.6
49.5
1.6
"91.4
109. 4
.8
163.4
Northern North America
Southern North America.
South America
Asia; Australia and Oceania:
Australia, including New Guinea
India
.___
__
Pakistan
-_ __
Malaysia© _ _ _ _ _
Indonesia
Philippines
Japan
Europe:
France
•__
East Germany.
West Germany
._._
___
do____
do
do
do
_
Italy
.— „_._—
' do
73.7
69.3
62.0
56.1
78. 0
Union of Soviet Socialist Republics. _ _ _ d o _ _
1. 7
12.0
22.2
13.8
1.8
United Kingdom
do
96.9
122.4
107. 5
111.3
107. 9
/Revised.
*> Preliminary.
1 Calendar year total.
x*Number of stocks represents number currently used; the change in number does not
attect continuity of the series.
9 Includes data not shown separately.
t Revised series;
former series covered fire insurance only.
{Revisions for various periods prior to Feb. 1963
will be shown later.
QBeginning Jan. 1965, data reflect adoption of revised export schedule;
68.3
49. 7
101. 0
67.9
66.8
70.5
33.1
55.7
82.0
7.3
2. 8
2.2
1.2
.8
2.1
.2
5.6
1.8
108.0
105. 8
151.2
67.9
157.6
125.8
138.6
143.6
107.7
in some instances, because
items from the restricted list,
those for earlier periods.
^ n c u e s gran-a s p m e n s u n e r e ep. o
ee
tary Assistance Program, as well as economic aid shipments under other programs.
AExcludes "special category" shipments.
O Country designation established Jan. 1964.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
Monthly
average
June 1965
1964
Apr.
May
June
July
Aug.
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
ValueJ— Continued
Exports (mdse.), incl. reexports— Continued
By leading countries— Continued
North and South America:
Latin American Republics, total?— —.do
Brazil
Ql)il0
Colombia
Cuba
Mexico
-
do
do
do
do
do
343.3
395.4
426.2
425.8
416.5
365. 7
380.3
389.4
429.7
390.9
432.6
296.9
354.1
495.9
266.7
309.5
297.1
319.1
328. 6
301.6
298.1
325.4
318.7
328.8
376.6
164.4
228.2
366.7
15.8
31.9
13.5
20.1
3.0
71.5
42.4
21.8
32.2
15.0
20.5
(l)
89.7
50.0
16.8
31.7
12.6
17.4
19.5
32.4
16.7
24.6
C1)
84.3
58.5
19.2
33.0
14.3
21.4
0
104.5
57.0
23.3
26.7
13.1
19.3
0.
89.3
50.5
24.3
35.5
13.4
19.2
0
82.4
46.8
26.4
41.5
18.2
18.1
0
95.7
48.0
17.5
32.5
16.3
21.7
0
99.4
47.6
28.1
37.4
15.4
18.6
(0
95.8
49.7
34.5
33.3
21.6
23.3
0)
103.8
60.4
11.2
10,5
7.3
7.2
0
74.7
21.7
15.0
13.9
10.2
11.8
0)
81.0
34.3
31.2
26.1
21.5
21.1
I1)
98.0
69.3
P)
93.6
48.0
1,921.7 2, 173. 8 2, 187. 9 2, 241. 9 2, 084. 4 2, 094. 8 1,944.5 2, 112. 1 2, 261. 4 2, 242. 4 2, 577. 6 1, 230. 7 1, 575. 5 2,942.0
Exports of U.S. merchandise, totalO
do
'1,845.5 '2,106.0 '2, 102. 0 '2,190.2 '2,016.9 '2,020.5 '1,871.4 '2,057.7 '2,230.0 2, 158. 3 2,525.5 1, 171. 4 1,491.1 2, 859. 6
Excl military grant-aid*
--do
By economic classes :
219.1 ' 217. 6 ' 252. 9
288.9
214.7 ' 241. 5 207.6
190.3 '218.4
280.8 327.9
Crude materials
do
189.4 '211.7
232.5
233.1 ' 182. 6
177.6 ' 173. 9 ' 203. 5 '209.0
235.7 226. 6
Crude foodstuffs
do- -'140.6
134.
9
'
146.
1
' 124. 7
125.9
145.2 '158.1
116.3
136.5
153.8 172.1
Manufactured foodstuffs and beverages--- do
' 278. 4 ' 338. 9 ' 334. 9 ' 343. 0 ' 338. 9 ' 339. 1 ' 324. 6 ' 348. 5 ' 351. 9 334.5 410.3
Semimanufactures c?
^o
Excl. military grant-aid*
By principal commodities:
Agricultural products total 9
do
do
Animal and vegetable oils and fats*
do
uLiu ,vegeiaoi
v>ipqs, an
o f\ p
nrprta
Bruits,
p rations
do
M^eat and meat preparations*
Tobacco and manufactures/^
do
do
'1,114.4 '1,241.2 '1,278.0 '1,300.6 '1,219.4 '1,208.9 '1,119.2 '1,196.5 '1,253.4 1, 237. 6 1, 440. 7
'1,037.- 8 '1,173.0 '1,191.7 '1,248.3 '1,151.5 '1,134.4 '1,046.1 '1,142.1 '1, 222. 0 1, 153. 5 1, 388. 6
465.4
26.6
48.9
37.2
191. 7
12.3
43.6
' 528. 9
35. 8
57.5
36.2
215.0
15.1
45.4
521.1
33.3
51.7
28.8
244.0
12.6
30.5
'530.3
r 459. 4
' 479. 7
36.1
49.5
34.5
238.4
16.7
33.5
32.9
50.7
37.8
180.3
14.9
41.2
40.0
91.5
32.3
171.1
13.0
37.0
419.5
41.3
16.6
35.8
174.4
12.5
34.6
' 494. 5 ' 575. 6
36.7
24.5
42.5
204.2
13.3
73.0
tt
1
31.8
38.6
50.2
205.0
16.6
58.1
507.9
36.3
50.9
35.5
231.3
15.2
58.2
669.2
53.5
97.9
38.1
232.6
19.3
73.4
'1, 456. 3 '1,644.9 '1,666.8 '1,711.6 '1,625.1 '1,615.1 '1,525.0 '1,617.6 '1,685.8 1, 634. 5 1,908.4
Automobiles parts and accessories
do
Chemicals and related products§— _ _ — do
Coal and related fuels
do
Machinery, total! 9
Agricultural
Tractors parts and accessories
Electrical
M!etalworklng§
Other industrial
Petroleum and products
Textiles and manufactures
125.5
2 161. 9
40.2
57.4
143.4
193. 8
42.1
74.6
148.4
182.6
34.3
68.7
156. 5
187.4
44.9
81.7
144.6
183.5
45.6
83.4
111.6
199.4
39.8
82.5
120.8
197.9
50.6
81.7
140.7
212.3
41.6
73.5
133.8
200.5
47.8
77.6
141.4
192.6
36.0
69.5
174.1
234.8
37.9
85.0
do
453.4
528.7
521.5
575.2
513.7
517.2
458.3
507.8
554.4
520.1
636.7
do
do
do
do
do
15.2
35.2
113.4
37.0
216.5
19.1
45.6
128.4
43.4
249.3
23.8
49.8
122.6
39.8
246.1
22.6
53.7
133.2
46.4
274.8
19.7
50.2
119.9
39.7
240.3
20.8
48.4
116.9
45.9
241.1
19.1
41.2
109.8
- 37.1
218.3
14.1
46.2
122.5
38.3
242.8
14.5
48.0
139.9
46.8
258.2
16.5
41.0
137. 7
42.4
242.1
18.1
47.5
156.4
58.6
299.2
do
do
41.0
57.8
39.3
67.1
41.8
68.2
35.8
71.0
39.4
68.2
43.3
59.7
40.8
60.0
36.1
66.8
41.7
72.5
37.2
68.0
44.2
78.7
1, 428. 5 1, 557. 1 1,560.6 1, 455. 7 1, 593. 7 1, 610. 7 1, 491. 0 1,561.8 1,613.0 1, 671. 7 1, 755. 0 1, 112. 9 1, 463. 6 2, 040. 2 1, 854. 9
General imports, totalO
do
1, 540. 6 1, 539. 4 1, 518. 4 1, 578. 1 1, 574. 9 1, 546. 4 1, 547. 7 1, 697. 7 1,642.2 1,206.4 1, 600. 5 1, 869. 0 1,834.7
Seasonally adJustedO
do
By geographic regions: O
76.4
83.7
66.2
67.9
64.8
66.2
86.8
65.8
70.5
89.2
82.7
79.6
66.9
84.0
27.9
Africa
--do
316.7
402.5
339.1
334.1
432. 4
336.3
315.8
329.3
291.7
Asia
do _- 266.0 301.5 276.0 278.0
217.1
322.6
36.6
36.1
33.4
45.6
41.8
30.7
32.5
43.7
41.2
32.5
57.7
37.6
21.3
Australia and Oceania
___do
32.6
20.8
442.3
409.9
446.4
575.4
401.1
448.6
377.3
628.4
460.7
519.4
466. 7 . 503.3
426.7
422.6
239.0
Europe
do
353.7
337.1
380.4
319.4
363.4
377.6
372.4
341.3
409.9
325.5
372.3
381.5
388.8
Northern North America
_do
325.7
362.1
136.6
143.5
162.1
127.2
137.0
162.2
115.7
140.2
102.2
123.2
146.2
181.1
147.6
124.4
Southern North America
_
_do
123.2
209.1
166.6
207. 6
185.4
240.4
211.2
198.8
212.4
240. 1
202.7
202.3
188.0
259. 3
156.5
South America
do
242.6
Bv leading countries: O
Africa:
1.4
2.5
1.0
1.3
5.0
2.0
.9
1.9
.4
United Arab Republic (Egypt Reg.)._.do
1.7
.5
.3
.5
1.3
.8
20.8
19.9
19.3
19.3
21.6
19.5
Republic of South Africa
_do
21.3
16.9
16.2
18.6
20.1
27.6
22.8
8.0
24.5
Asia; Australia and Oceania:
23.4
19.0
26.6
16.1
32.2
35.6
Australia, including New Guinea
do
18.5
26.8
23.4
17.8
24.4
23.8
16.8
17.0
26.3
25.4
24.5
25.7
28.4
37.5
46.2
India
__•
do
28.0
30.7
19.8
20.1
25.0
26.0
29.9
15.2
26.7
3.3
3.5
5.6
Pakistan
do
6.2
3.8
3.7
3.9
3.0
3.0
2.5
2.0
2.7
3.5
1.0
3.7
13.3
12.0
23.5
Malaysia©
do
10.9
19.3
10.7
21.0
13.3
9.5
13.0
11.9
15.3
12.2
6.8
14.1
9.4
Indonesia
'.
do
15.2
16.6
16.9
15.8
11.7
14.6
15.2
16.0
12.9
12.2
15.2
10.3
14.7
32.3
29.7
36.7
Philippines
do_ __
34.8
31.3
34.3
36.6
19.8
44.1
39.3
33.1
21.7
33.4
25.8
32.8
204. 9
147. 4
121. 6
124.8
218. 4
Japan
_
do
143.1
154.7
175.1
154.5
166.7
155.8
159.5
161.7
108. 3
165.8
Europe:
41.3
61.2
France
_
do
35.9
41.5
55.6
43.9
38.4
42.8
45.5
41.5
33.6
43.0
20.5
45.2
50.6
.6
.4
.6
East Germany
_
do
.3
.7
.6
.5
.4
.9
.5
.5
.7
.3
.1
.6
97.6
131.2
West Germany
_do
133.5
87.5
83.6
99.7
97.8
102.7
74.7
97.3
97.8
46.0
101.8
119. 7
113.5
43.9
52.6
41.1
59.3
45.1
Italy
- do
35.2
41.2
47.6
48.6
37.9
45.3
48.2
22.1
56.1
48.8
1.7
1.5
1,3
2.5
Union of Soviet Socialist Republics
do
1.7
2.4
.9
4.1
1.9
2.1
1.9
1.6
1.9
4.7
2.1
95.1
United Kingdom.
do _
89.9
126. 1
109. 6
91.1
93.5
100.7
101.4
85.6
92.3
91.7
103. 3
101.3
57.6
112.8
North and South America:
Canada
do
353.4
319.1
409.8 . 377. 4
336. 9
380.1
341.2
372.1
362.6
325.2
372.0
325. 6
388. 6
381.4
361.7
Latin American Republics, total 9
do
260.4
293.7
359.5
338.5
287.6
280.6
280.4
314.8
247.3
265.3
288. 8
275.1
352.4
222.3
321.1
Argentina.-.,
_ _ _ _ _
do
9.3
9.4
11.5
11.1
10.4
13.7
12.3
6.5
7.1
8.4
7.7
7.5
6.1
6.7
11.7
Brazil
_
_
do
44.5
49.6
37.2
23.6
46.8
32.5
53.8
36.7
31.9
24.6
46.5
36.6
16.6
71.4
59.2
Chile
_ „.
do
18.2
19.3
15.1
30.3
15.7
17.3
17.6
18.4
19.7
17.9
18.6
9.4
20.0
14.2
28.8
Colombia,
do
23.4
26.2
24.2
17.3
20.7
24.5
21.1
18.9
15.8
25.1
17.3
8.4
34.0
28.5
35.5
Cuba
_
_
do
0
0
0
0
0)
0)
C1)
0)
0)
0)
(')
0)
C1)
C1)
C1)
Mexico
__.
do_
53.6
49.5
64.7
71.5
55.9
61.1
50.5
55.2
52.5
39.7
43.7
30.6
48.5
46.6
54.4
QO C
Venezuela
__
do
79.7
92.2
78.0
96.8
75.7
66.2
81.8
85.7
76.5
77.0
69 2
sn n
Q9 7
86.0
2
' Revised.
* Preliminary.
1 Less than $50,000.
Beginning Jan. 1963, excludes
exports of certain fertilizer materials, coal-tar and synthetic resinous products, chemical specialties, etc.; in 1962, such exports totaled $52.6 mil.
$See similar note on p. S-21; for exports, see also note "1|" on p.. S-21.
9 Includes data not shown separately.
QSee similar note on p. S-21.
cf Data for semimanufactures reported as "special category, type 1" are included with
finished manufactures.
*New series. Data for periods not shown may be obtained from
Bu. of Census reports.
t Re vised to include SIT C items classified as "cereals and preparations"; not comparable
with data published in the 1963 BUSINESS STATISTICS and in SURVEY issues prior to Nov.
1963.
AManufactures of tobacco are included in the nonagricultural products total.
.Excludes "special category, type 1" exports.
OF or certain recent months, the data by regions and countries exclude imports unidentified by area of origin. ffi Country designation established Jan. 1964.
SURVEY OF CUREENT BUSINESS
June 1965
1964
1963
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
Monthly
edition of BUSINESS STATISTICS
average
S-23
1965
1964
Apr.
May
July
June
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value}:— Continued
Imports for consumption, total
_ _ mil. $__
By economic classes:
Crude materials
__do-_ Crude foodstuffs
do
Manufactured foodstuffs and beverages do
Semimanufactures
do
Finished manufactures
do
By principal commodities:
Agricultural products, total 9do
Cocoa (cacao) beans, incl. shells
do
Coffee
do
Rubber, crude (incl. latex and guayule) --do
Sugar (cane or beet) _
do
Wool and mohair, unmanufactured. do
Nonagricultural products total 9
-do
Furs and manufactures
__do
Iron and steel prod. (excl. adv. mfs.) - do
Nonferrous ores, metals, etc.:
Bauxite crude*
do
Aluminum semlmfs (incl. calcined bauxite)*
mil. $
Copper, crude and semimfs.*
do __.
Tin, including ore
do
Paper base stocks
...
Newsprint
Petroleum and products
do
do
do
Indexes
Exports (U.S. mdse., excl. military grant-aid) :f
Quantity
1957-59=100Value___
..
_.
do
Unit value.
do
Imports for consumption:
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—
_
_
_niil.$._
Airborne trade:
Exports (incl. reexports):!
Shipping weight
thous sh tons
Value
mil $
General imports:
Shipping weight
thous sh. tons
Value
mil. $
••1,416.7 1, 550. 0 1,553.8 1,431.6 1,575.0 1,613.4 1,489.8 1,567.7 1,643.5 1, 655. 1 1, 720. 4 1,138.1 1, 488. 6 1, 999. 2 1,820.7
287.0 267.8 ' 270. 6 ' 290. 8 325.0
' 274. 0
169.5 •' 199.0
147.4
140. 4
145.0
143.8
151.0
166. 5
149. 2
142.6
163.0
148.8
'
332.
4
' 300. 7 r
' 342. 7 311.1 ' 340. 9 ' 334. 3
r
610. 1 ' 601. 8 ' 553. 4 ''640.0 '660.3
531. 7
296.1
182.1
168.6
331.5
665.1
282. 7
202.6
176.7
337. 1
655.9
313. 5
200. 1
165. 4
357.8
683.6
253.0
78.5
77.3
300.1
429.2
350. 9
384.4
372.9
175.2
11.2
106.7
13.7
44.6
12.4
8.8
126.9
17.0
43.4
15.9
11.8
116.8
18.9
37.9
22.0
3.8
24.9
7.6
15.1
15.7
1,081.7 '1,207.9 '1,191.3 '1,101.6 '1,258.9 '1,294.8 '1,173.1 '1,226 7 1,292. 5 1,270.6 1,347.5
962.9
' 335. 0
342.0
11.3
79.7
16.4
50.9
18.8
10.9
100.0
16.7
38. 2
17.1
' 362. 5 ' 330. 0
8.2
131.8
13.3
32.1
18.3
* 10 9
59.4
19.7
68.3
12 0
62.5
9.5
10.5
16.9
J
21.6
9.1
16.6
28.4
9.3
33.8
30.1
62.7
57 3
* 149. 1 i 156. 0
8.1
84.5
20.2
47.8
17.6
' 302. 4 300.1
136.9
155.8
' 143. 6
164. 2
' 322. 6 314.3
' 584. 3 ' 633. 3
316.1
318.6
316.7
10.3
73.2
13. 9
38.9
14.1
8.5
84.7
17.1
49.7
16.0
12.8
77.7
18.1
33.9
14.1
91
68.6
8.1
77. 5
12.2
8.8
17.6
26.1
7.8
17.8
23.7
7,6
31.9
61 2
156.7
62
74.8
4 7
69.1
10.0
12.9
18.9
26.6
7.9
20.5
25.4
10.2
30.4
59 6
137.1
34.9
65.2
144.8
341.0
9.2
90.8
16.4
50.0
17.1
61
63 5
4 7
71 0
12.3
91
10 2
13.7
20.7
14.1
21.8
27.5
83
13.5
30.1
98
32.3
64 8
165. 4
35.2
61 8
152.3
35 3
64 2
147 0
35 1
66 3
142 7
10.2
69.1
11.2
17.3
13.9
11.8
126.5
18.3
26.5
31.8
9.2
83. 7
24.0
38.6
27.4
13 4
13 9
16 0
15 4
69 4
12 6
96
10 2
12.1
8.8
13.7
10 8
11.4
26.1
7.6
14.5
48.7
10 7
6.5
14. 2
4.9
16. 9
29. 2
8. 3
23.1
24. 1
17.2
21.3
23.4
10.9
35.6
68 6
144 9
36 7
73 0
174 3
29.1
53 1
184. 8
46. 8
53 9
163. 3
41.9
69 2
198.8
35 8
62 7
186 7
4 7
89 0
'127
128
'101
'143
*>146
' 102
144
146
102
150
152
102
138
140
102
138
141
102
127
130
103
139
143
103
150
155
104
145
150
104
169
176
104
127
122
96
pl35
pl33
*99
134
134
100
125
. 123
98
137
136
99
141
139
99
131
128
98
137
135
99
143
141
99
144
142
99
150
148
99
13, 084 14, 254 13, 415 15, 134 14, 191 14, 346 15, 300 14 774 16 426 14 628 14 962
1,257.2 1, 416. 9 1, 362. 0 1, 489. 1 1, 299. 7 1,365.5 1, 268. 4 1,405 0 1 503 6 1 491 2 1 750 2
17, 707 19, 401 18,025 18, 121 21, 308 22, 763 22, 031 20 161 19 686 20 419 19 403
1,031.9 1, 107. 9 1,120.5 1, 059. 7 1,146.9 1,183.9 1,096.7 1,020.1 1, 137. 0 1,213.4 1, 250. 1
13 6 '13.0
10.3
136.5 ' 153. 7 ' 157. 0
4.7
68.0
5.4
79. 7
4.6
75.5
T
12.9
12.9
13 4
12 0
14 8
15 8
150. 1 ' 147.1 ' 148 7 128 2 ' 151 3 169 7
13 9
140 2
17 7
187 4
14 9
'140 7
19 9
175 2
21 5
197.4
73
93 9
7 0
89 9
86
108 8
65
89 1
8 4
104 9
78
102.4
39
66. 8
51
77.2
50
76.9
45
69 9
53
76 6
69
98. 4
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. avg. or total):
Operating revenues, total 9
.
mil. $
Transport, total 9
do_~
Passenger
do
Property
do—
U.S. mail
do
Operating expenses (incl. depreciation) _ _ _ do
Net income (after taxes).
_
__ do— ._
Operating results:
Miles flown (revenue)
_ _ _ _ thous
Express and freight ton-miles flown.. _ _ _ _ d o
Mail ton-miles
flown..
do
Passengers originated (revenue)
do_
Passenger-miles flown (revenue)..
„_ mil—
Express Operations
Transportation revenues
_
Express privilege payments
mil $
__do.___
Local Transit Lines
Fares, average cash rate
__
cents
Passengers carried (revenue)
.._„__ mil
Operating revenues (qtrly. avg. or total) _~_~_"_~mil. $~~
621.9
617.1
557.0
40.3
15.0
' 589. 2
'3.3
707.7
701.3
631.8
46.8
16.4
632.6
34.0
63, 828
49, 195
14, 167
4,548
3,048
68. 506
60, 576
15, 390
5,158
3,490
710. 9
704. 6
637 7
45.2
15.7
622.2
39. 1
4
65, 407 44 68,
4
56, 472 4 59,
4
15,
091 14,
4
5, 003 44 5,
4
3, 287
022
014
823
030
3, 322
295.9 2 103. 1
228.6 229.4
20. 5
576
347. 5
21.2
572
68, 852
58,871
14, 345
5,542
3,910
21.2
596
21.2
564
362.5
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. avg. or total)Number of reporting carriers ...
3 1, 004
1,029
Operating revenues, total.
mil $
1,446
1,549
Expenses, total
do
1,385
1, 459
Freight carried (revenue)
mil. tons84
92
Prel mil aT
qnV^Tio^/i * j l T* Effective Sept. 1963, data reflect adoption of U.S. Tariff
nSltiJr
• • \f • ^^y. comparable with earlier figures; also, beginning Sept: 1963,
cerram uranium
bearing materials, formerly shown under crude materials, are included with
itT?QfiiUJiaf /6Sf .(montj1]y. averages
reflect this change beginning Jan. 1963). Beginning
2 rvnorf ri
^T a^d Petroleum and products reflect further changes in USTS.
3
' quarterly average.
Number of carriers filing complete reports for 1963.
71, 235
60, 391
14,337
5,324
3,796
72, 362
63, 842
14, 178
5,647
4,023
99 9
29.5
21.0
'599
725 0
717. 7
639 9
51.0
18.8
654.1
37 8
748 2
742 2
670 2
49 1
15 4
641.4
48 2
\
69, 376
69, 009
14, 734
5,214
3,530
71, 735
72, 323
16, 145
5, 509
3,610
67, 518
60, 756
14, 626
5, 030
3,224
103.2
30.0
21.3
531
21.3
516
21.4
560
335 8
70, 922
70, 782'
22, 319
5, 338
3,668
73, 511
59, 440
15, 630
5,450
3,747
67, 414 76, 406
60,734; 71, 822
15,111 17, 548
5,535
4, 861
3,703
3,248
101 9
27.4
112 5
31.0
21 A
611
21. 7
561
21.7
601
21.9
553
21.91
524
21.9
606
21.9
593
4
Reflects substitution of data for one or two intra- Alaskan carriers. tSee similar note on
p. S-21. 9 Includes data not shown separately.
*New series.
Data for periods not
shown may be obtained from Bu. of Census reports.
fRevised to exclude military grantaid shipments; comparable earlier data will be shown later.
§Excludes "special category"
shipments and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
1 See similar note on p. S-21.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963 | 1964
Monthly
average
June 1965
1964
Apr.
May
June
July
Aug.
1965
Sept.
Oct.
Nov.
Jan.
Dec.
Feb.
Apr.
Mar.
May
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Motor Carriers (Intercity)— Continued
Freight carried, qtrly. index of volume, class I and
IT/ATA)
average same period, 1957-59=100.. i 126. 3 * 137. 6
Carriers of passengers, class I (qtrly. avg. or total):
Number of reporting carriers _ _ ~
.. 2138
Operating revenues, total.
mil. $__ 136.4
116. 4
Expenses total
do
56.6
Passengers carried (revenue)
mil
Class I Railroads
Freight car-loadings (AAR):
Total cars
Coal
Coke
Forest products
Grain and grain products
___.
thous_.
•. ~do
do_
-do
do
Ore
- do
Merchandise 1 c 1
do.
Miscellaneous
do
Freisrht carloadings, seas. adj. indexes (Fed. R.):f
Total....
___
1967-59=100.Coal
do
Coke
— .-...do
Forest products
..do
Grain and grain products
do
Livestock
_
do_
Ore
_.do
Merchandise I c l
do
2,406
461
32
156
234
14
147
72
1, 290
<93
95
88
96
102
52
84
36
95
'2,311
'436
3187
3223
'154
'164
339
41
163
219
13
312
168-
^31
'9
3162
••222
1,334 3 1, 537
'1,243
53
366
496
95
95
93
.
100
99
92
42
123
28
97
'52
96
100
111
102
89
42
104
29
99
Financial operations (qtrly. avg. or total):
Operating revenues, total 9
mil. $__c\ qon n
2, 038. 6 2, 113. 9
Freight
do
147.0
144. 5
Passenger
— do
1,862.9 1,934.5
Operating expenses..
.—do
325.1
Tax accruals and rents
*
__do__._ 325.6
OfM e
Operating results:
139.2
159
158
2,403
476
38
154
205
7
224
50
1,248
2,114
293
35
147
197
8
223
48
1,163
94
100
95
100
128
102
75
50
87
28
98
118
98
91
46
85
27
96
3 2, 926
3
578
348
3 igg
3 243
3
13
3 3268
63
3
1 514
93
98
128
97
88
56
84
26
96
g -I CO Q
IftB K
8 4 624
5 4 562
1 987
4 594
1 e COO
1fi 8^4.
19 78ft
2 842
13 909
2' 945
5 454
5 1ft7 7
5 1 31 ft fi 1 9C9
461
41
151
201
16
211
48
3 3, 195
3589
357
3 196
3310
330
3264
3 58
1 267 3 1 691
96
96
125
99
104
48
90
26
99
95
95
129
99
109
48
96
23
95
2,376
455
46
148
221
18
154
41
1 292
99
97
127
99
99
54
136
23
100
2,486.5
2, 119. 2
162. 3
1,937.6
332.3
216. 6
175.4
oqq n
196 4
174 5
2 396
141. 1
157 9
140 6
128 1
200.8
157 8
132 8
2, 133. 8
146.3
L, 910. 5
338.0
9ft1 A.
162 9
137 0
159
164.7
143.6
131.1
2,453 3 2, 738
3513
462
113
100
96
49
97
27
98
135.4
2,118
427
44
139
180
10
92
37
1 189
99
90
125
100
97
46
143
22
103
2, 074
410
36
147
178
2,185
381
3
46
7
72
39
1, 460
1, 185
8
81
41
1 265
100
92
96
91
98
92
3 2,3 571
518
3
347
178
3231
3
3
11
409
36
152
193
3 2, 848
3533
347
3193
3236
310
349
3164
3
1, 616
99
99
109
106
94
46
113
23
106
99
99
87
46
110
22
102
98
101
97
42
110
21
103
108
103
97
36
136
21
100
2,415
456
35
159
180
8
206
39
1,332
101
104
107
105
98
36
95
22
104
2, 526, 3
2,168.7
134.6
2, 037. 5 I
302. 6
186. 1
182.1
167. 1
1.293
5,380
172.0
1.269
4, 163
Wa ter way Traffi c
Clearances, vessels in foreign trade:
Panama Canal:
Total
In United States vessels
thous Ig tons
do
3 139
18, 232
14, 982
3,250
17, 092
14, 092
3,000
18 154
14 902
3 252
16 740
13 786
2,954
16, 714
13, 942
2,772
6,166
1,022
5 902
I'lOO
6 062
877
6,604
927
6,227
6, 248
6,156
6,645
5, 160
830
5,706
779
652
7,670
6,998
847
9 86
9.18
9 83
9.10
56
112
9.89
62
107
9.85
10.24
10.11
9.08
9.36
9.54
9.14
63
119
9.96
65
110
9.36
65
123
91 1
99fi
214
253
161
151
271
356
172
154
314
359
208
173
112
8,067
430
302
210
201
86
7,561
288
238
218
174
238
195
186
174
191
167
127
116
173
186
123
130
74
708
95
782
151
977
175
1, 453
168
18 O4B
1 ^ 80Q
3 034
6 184
*896
5 912
*866
9 37
9 53
61
111
218
216
130
110
243
237
157
138
94
2,831
780
n
qcQ
14 836
3 133
17 734
14 684
3 050
1 ^ QQR
19 Qfi^
867
930
822
884
Travel
Hotels:
Average sale per occupied room
dollars _
Rooms occupied
% of total
Restaurant sales index
same mo. 1951=100 Foreign travel:
Departures
Aliens" Arrivals
Departures
Passports issued and renewed
National parks, visits f
Pullman Co. (qtrly. avg. or total):
Passenger revenues
60
109
do
do
do
..do
do
88
2,779
thous $
10,477
629
67
116
148
104
147
1 276
62
119
135
2,263
64
113
147
5,047
74
3,287
70
112
56
2,283
578
556
555
9 441
65
110
9,818
9 500
57
103
50
1,061
48
112
53
654
56
102
61
113
476
7, 989
528
9, 066
COMMUNICATIONS
Telephone carriers :
Operating revenues 9 _
mil.$... 845.6 911.5
898.8
903.1
489.4
Station revenues. ___..___
.....
do..
465.4
493.5
490.0
313.0
289.7
Tolls, message
do
318.9
315.7
532.3
495.7
Operating expenses (before taxes)
......do
541.3
525.0
165.9
Net operating income. _
do
7147.5 7160.4
167.4
74.9
77.4
73.7
Phones in service, end of period
___mil _
75.1
Telegraph, cable, and radiotelegraph carriers:
Wire-telegraph:
Operating revenues.
thous.$__.
24, 951 24, 876 24, 708
21, 094 22, 014 21,812 22, 181
Operating expenses, inel. depreciation
do
1,680
1,697
Net operating revenues.
.do
1, 757
1,085
Oeean-cable:c?
(11 9
0 (\C.A
531.3
169.2
75.3
915.3
492.1
324 3
529. 8
167.3
75.9
oc nno
25 113
22; 170
1,840
22, 799
1,886
23, 304
498
82,835.2 -— — - _ _ _ _ _ _ _ _
81,518.5
81,005.7
81,715.6
__
_
8 488. 9
77 A
82,833.3 — —
81,531.5
8 987. 6
81,687.6
8 505. 2
78 3
8 75,432
8 64,860
8 8, 194
8 73,656
88 65,493
3, 862
8 27, 310
_ _ _ _ _ _ _ _ 821,158 —- —
8 4, 143
8 27,187
8 21,258
8 4, 720
(66)
(')
6
(6)
/6\
(6)
921.3 _ _ _ _ _ _
497.0
322. 6
539.6
165.3
7ft A.
25, 256
22,089
2, 106
7 2,7 252
348
3
2,403
245
3 f\Qfl
2,317
328
3 172
2,381
427
3 227
2,503
2 885 6 9, 164
2,423 6 6, 992
1 nr e i 561
5,077
3,883
6,026
4,662
1, 119
5,831
4,251
1,345
5,774
4,379
1,167
5,961
4,598
6,087
4,768
i IM
5,773
4,609
982
2
'Revised.
i Annual index.
Number of carriers filing complete reports for 1963.
3 Data cover 5 weeks; other periods,
4 weeks. * Based on unadjusted data. • Quarterly
7
average.
« gee note "cf."
Based on revised total; monthly revisions not available.
s Quarterly total,
tRevisions for 1962 are in the Aug. 1963 SURVEY.
9 Includes data not shown.
917.0
492.5
qoj. q
569.1
150.2
75.6
72,527
7
195
9 Q98
Operating expenses, incl. depreciation
do
Net operating revenues
__do
Radiotelegraph : cf
Operating revenues
_
___do__
Operating expenses, incl. depreciation_._.do
Net operating revenues
do
912.3
494. 6
Q4.fi
()
()
(6)
(6)
^Beginning Jan. 1965, visits to Canyonlands Natl. Park are included; such 1st qtr. 1965
visits
totaled less than 500.
•-m/n-i
d1 Effective Sept. 1964, ocean-cable and radiotelegraph carriers have been classified by x uu
as "international" telegraph carriers; data for month of Sept. 1964 and quarterly data beginning 4th qtr. 1964 cover operations for this group.
SURVEY OF CURRENT BUSINESS
June 1965
1963
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
| 1964
Monthly
average
S-25
1965
1964
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
1, 408
Mar.
Apr.
May
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
1,155
1, 357
1,258
1,390
1 276 1,233
1 271 1 204
1,323
1,378
1 374
Acetylene
mil. cu.ft
Ammonia, synthetic anhydrous (commercial)
699 6
620 2
thous sh tons
630 0
614 1
556 8
636.8
636 7
589. 3
613 9
640 2
659 7
90.2
100. 6
84.4
85.0
116.0
91.9
94 9
108 9
112 6
90 9
81 2
Carbon dioxide liquid gas and solid
do
455.3
483.4
491.1
480.6
494. 6
523.6
501 1
482. 0
500 4
513. 5
502. 5
Chlorine gas (100% Cb)
do
104.4
90.0
96.6
103. 1 107.3
108.7
102.3
106.0
100.8
104.7
106.4
Hydrochloric acid (100% HC1)
do—
Nitric acid (100% HNOs)
____do
384.1
375. 1
371.6
420.1
445.2
341.0
353.6
349.5
306.5
355.7
419.5
10, 705 13, 254 13, 107 13 402 12,538 12, 741 13, 476 13, 264 14, 059 14, 225 14, 652
Oxygen (high purity)
mil cu. ft
259
5
248.5
242
1
286.5
272 6
271
9
268
6
275
3
280 3
266 6
278 6
Phosphoric^ acid (100% PjOs)
thous sh tons
Sodium carbonate (soda ash), synthetic (58%
394.4
394.
0
419.
5
415.
3
408.9
390.1
431. 6
412.6
435.1
428.6
428.3
NajO)
thous sh. tons
11.2
11.4
12.2
11 2
11.7
10.9
11 4
11 3
12 3
11 6
11 3
Sodium bichromate and chromate
do
484.5
,
508.
9
557.0
507.3
603. 7
537.0
517.3
525.2
534. 4
518. 3
539.7
Sodium hydroxide (100% NaOH)
___do.__.
Sodium silicate (solublesillcate glass), anhydrous
44.1
36.4
53.7
44.5
45 9
52 3
40.5
54.8
57.1
46 7
47 1
thous sh tons
Sodium sulfates (anhydrous, refined; Glauber's
114.3
107.8
102.9
109. 2
102 7
116 1
102 8
108 0
112 1
111 2
108 5
salt' crude salt cake)
thous sh tons
1 744.7 1, 908. 0 2, 016. 2 1, 980. 9 1,859.1 1, 750. 2 1, 816. 2 1, 846. 7 1, 957. 0 1,927.3 2,037.0
Sulf uric acid (100% 112804)
do
Organic chemicals, production:^
Acetic acid (synthetic and natural)
Acetic anhydride
Acetylsalicylic acid (aspirin)
Creosote oil
mil Ib
do
do
mil gal
DDT
mil Ib
Ethyl acetate (85%) *
do
Ethylene glycol
do
Formaldehyde (37% HCMb")
do
Glycerin, refined, all grades:
Production
do
Stocks end of month
do
Methanol:
Natural
mil. gal
Synthetic
'
do Phthallc anhydride
mil Ib
ALCOHOL
Ethyl alcohol and spirits:
Production
mil tax gal
Stocks, end of month
do
Used for denaturation
__
do
Taxable withdrawals
do
Denatured alcohol:
Production
mil. wine gal
Consumption (withdrawals)
do
Stocks, end of month
_
do
FERTILIZERS
Exports, total?
..
Nitrogenous materials
Phosphate materials
Potash materials •_ _ _
thous. sh. tons
do
do
_.
do
Imports, total semimanufactures* 9 Ammonium nitrate
Ammonium sulfate__
.
Potassium chloride
Sodium nitrate
_ _
_
- do
do
do
do
do
Potash deliveries (KjO)
___ _
do
Superphosphate and other phosphatic fertilizers
(100%Pa05):
Production
thous. sh. tons
Stocks, end of month
do
1
87 4
106. 0
92 8
116.2
2.4
8.2
14.9
J
9.8
138 3
*211 4
!
25 3
24.3
1
2.4
9. 6
2.7
9.1
88 5
115.2
2.1
10.6
87.5
106.5
2.5
9.8
96.2
111.6
2.1
10.7
81 9
116.9
1.9
8.4
89 4
123.4
2.2
10.0
(3)
7.3
94 9
118.3
1, 425
706. 7
94.3
533.0
106. 2
415.1
15, 603
313.5
402. 6
11.6
568.4
382.5
11.4
498.1
436.5
12.2
571.9
415.9
11.2
557. 8
42.2
48.9
56.1
46. 8
104. 0
115.5
114. 9
112.4
1,957.9 '1,931.9 2, 044. 2 2, 101. 2
112.6
118.9
100.0
135.8
114.9
117. 0
12.0
28.2
2.0
7.9
126.7
10.6
' 10. 3
10.1
11.3
' 11. 1
12.8
2.2
2.5
9.8
1,439
707.2
91.4
548. 0
109. 2
439.5
16,321
304.4
(3)
2.5
2.4
11.3
13.0
8.7
10.7
116.9
225.2
154.1
207. 8
10.5
147.4
236.5
156.3
235.1
169. 3
252.9
11.1
150. 7
238.6
(3)
7.5
129.3
237.7
12. 1
11.9
155. 3
229. 5
11.0
149 5
229. 4
161. 4
247. 3
234. 4
26 4
28.6
28.5
26.5
23.7
27.7
28.0
31.5
22.9
32.0
26.5
32.3
26.2
31.2
25.3
29.6
26.3
30.1
26.2
27.6
31.8
32.6
110.3
1
1
82.9
109. 2
1,271
650. 4
679.3
80.1
83.6
482.1
529. 4
98.1
114. 5
460.1
409.5
15, 080 '14,263
284.1
272. 2
8.7
7.4
8.0
5.5
(3)
6.4
3.3
114.7
8.8
2.5
2.4
9.1
8.1
229.4
264. 3
256.7
26.2
37.3
30.7
32.2
25.1
27.6
.1
.1
.1
.1
.1
.1
.1
.1
.1
.1
.1
.1
32.7
46 3
33. 9
49.2
34.4
49.9
31.1
48.5
.1
29.3
*38 2
32.8
44.8
32.2
41.1
31.9
49. 9
34.1
56 5
34.0
47.3
37.7
49.2
36.1
46.9
31.7
42.7
33. 2
50. 8
36. 1
48.6
57.7
171.5
44.4
57.0
186.7
45.9
53.3
184.9
45.3
50.3
183.4
44. 8
5.6
6.2
5.5
4.9
54.6
191.7
43.5
64.2
191.2
55.6
7.8
60.7
388.7
47.1
6.7
59.7
192.9
46.3
4.7
69.2
184.3
44.8
51. 5
186.3
50.7
5.5
55. 1
190.0
47.0
60.2
188.6
45.9
5.7
51.8
187.0
45.7
5.3
5.6
54.0
189.3
46.7
23.9
24.0
24.7
24.7
25.1
24.8
23.9
23.5
24. 2
24.4
24.7
25.3
25.4
24.7
23.7
24.5
25.6
25.4
24.7
25. 6
26.4
3. 3
23.4
22.8
3.4
4.0
24.9
25.5
31.0
29.6
4 532
5.0
.1
2.9
218
3.4
827
47
660
60
779
39
592
75
948
63
691
105
936
101
659
108
1,044
117
817
91
744
44
522
122
173
17
11
65
22
180
11
7
34
50
124
14
4
42
18
224
21
7
117
23
227
20
12
104
25
219
19
14
116
25
424
254
66
151
355
189
296
337
249
307
249
272
349
247
408
269
422
268
400
307
374
3.0
3.5
625
55
488
59
798
67
595
86
584
55
468
33
684
63
529
50
205
21
20
73
34
233
17
15
100
30
376
19
43
150
63
227
257
269
419
'297
381
.1
3.1
3.4
3.6
4.5
'
3.4
4.9
4.0
6.6
5.0
135
721
129
428
M08
459
525
39
430
43
874
44
687
89
826
68
239
16
16
119
24
237
12
14
112
30
11
23
99
26
9
24
123
23
14
30
159
33
17
28
204
72
181
196
357
206
348
300
295
432
303
400
295
395
333
336
411
1,038
353
223
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly:
« 236
Black blasting powder
thous. Ib
« 284
High explosives
do
5 301,665 320,403
Paints, varnish, and lacquer, factory shipments:
166.8
8157.5
Total shipments
_
. mil $
97.8
«938
Trade products
do
69.1
Industrial
finishes..
_ ^
do
863.7
Sulfur, native (PYasch) and recovered:©
519
M86
Production._ __
_
. thous. Ig. tons
Stocks (producers') , end of month
do___. 4,875 ' 4, 660
PL AS TICS AND RESIN MATERIALS
Production:
13.4
Cellulose plastic materials. _
mil. Ib
12.7
Thermosetting resins:
1
Alkyd resins .
do
45. 4
*50 5
Coumarone-indene and petroleum polymer
1
resins
._
mil. Ib
29. 5 *28.3
Polyester resins.
•_
_
___ do „
*25. 7
*21.2
Phenolic and other tar acid resins..
do___
'61.7
'67.8
1
Urea and melamine resins.
do
43. 2 *43.9
Thermoplastic resins:
Styrene-type plastic materials (polystyrene)
mil. lb_ i 124. 5 1 144. 8
Vinyl resins (resin content basis) _....____do.___ 1 146. 7 1 169. 5
1
Polyethylene
....
do
189. 2 1 217. 1
195
186.0
112.2
73.8
513
' 4, 700
188.5
115.0
73.5
J97.8
119.5
78.3
183. 1
115.6
67.5
181.3
111 5
69.8
531
505
'4,648
515
'4,637
' 4, 659
' 4, 665
' 4, 696
533
176.4
104.2
72.2
510
310
337, 431
279 164
163 1
95 3
67.8
145 8
80 7
65 1
133. 7
66 2
67.5
141. 3
74.7
66.6
476
553
596
4,403
4, 476
' 4, 588 4,562
155, 9
85 9
70.0
' 184 4 191 9
' 101 8 110 3
81 6
'82 6
610
13.9
12.4
13.7
11.3
12.1
14.6
13.6
14.8
14.2
' 10. 3
12.1
14 6
14.2
49 0
48.0
49.8
45 5
49 2
45 5
45 7
38 2
39 o
41 9
44 4
r 53 9
51 1
29.8
27.2
71.5
45.9
26.2
27.0
67.3
43.4
27.7
26.7
65.5
43.1
27.5
53.8
37.4
25. 3
25.8
70.4
44 1
34.4
26.8
70.4
47 1
32.0
28 4
75.1
49 1
27.2
25.1
68.0
44 2
25.3
25.9
69.0
45.3
24.8
24.5
69.2
43. 0
25.4
29 9
' 28. 9 33 9
' 68. 8
'80.2
r 47 5
'43 6
28 7
34 5
76. 4
43 6
144. 7
174.4
217.8
149.7
176.7
226.6
147.5
170.9
215.9
129.2
156.8
216.8
144.8
177.9
221 0
143. 4
171.4
227 3
150. 1
190.4
215 0
155.1
174.5
216 8
158. 0
178.4
223. 8
159. 8
182 2
229 1
r Kevised.
1 Based on annual total containing revisions not distributed by months.
2
Beginning Jan. 1965, data exclude creosote in coal-tar solutions (formerly included); these
averaged 927,000 gallons per month in 1964.
s Not available.
4 See note "O" for p. S-21.
* Quarterly average.
o Beginning Jan. 1963, the estimated totals are based on a new and
larger sample and reflect improved estimating methods, which affect comparability with
data for earlier periods; Oct.-Dec. 1962 estimated totals on the new basis appear on p. S-25
of the Feb. 1964 SURVEY.
321
289
347,691
334, 018
09 O
145.5
168 8
216 2
' 171 9 165 4
190 8
194 4
' 241 2 237 8
cTData are reported on the basis of 100% content of the specified material unless otherwise
indicated.
9 Includes data not shown separately.
*New series. Data exclude some materials (chiefly crudes) shown in the former series.
Monthly data prior to Jan. 1963 may be obtained from Bu. of Census reports.
0 Monthly data for 1952-62 (1962 revised) appear on p. 28 of the Dec. 1964 SURVEY; production for Aug. 1957 should read 517,000 long tons.
SURVEY OF CURRENT BUSINESS
S-26
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963 | 1964
Monthly
average
June 1965
1965
1964
Apr.
May
Jane
July
Aug.
Sept.
Oct.
Nov.
Feb.
Mar.
88 136
80 206
64, 447
15 759
90, 336
81, 852
64,997
16, 856
187 65 049
16, 792 15 157
8,491 8, 642 7 930
8,227 18,364 7,655
264
i 278
275
71, 185
10^ 667
78,718
77, 852
Dec.
Jan.
Apr.
May
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total 0
mil. kw.-hr
Flectric utilities total
do
Bv waterpower
84, 007
76, 177
62? 393
13, 784
do
62, 096
Privately and municipally owned util do
Other producers (publicly owned)
.-_do____ 14, 081
Industrial establishments total
-
-
84, 534 87, 226 90, 585
76, 392 78, 894 82, 294
60, 092 63, 031 68, 341
16, 301 15 863 13, 953
95, 724
87, 606
73, 343
14 263
94 949
86, 647
72, 763
13, 884
89 465
81,376
68, 319
13 057
89 382 87, 976
80, 941 79, 753
66, 907 65, 600
14 034 14, 153
66, 942
14, 703
62, 204
14,188
64, 155 67, 960
14, 739 14, 334
72 645
14, 961
71 588
15, 059
67 340
14, 036
66 667
14, 274
7,830
7,567
263
8, 254
7,989
265
8, 142
7,807
335
8,332
8,027
305
8,292
8,045
246
8,118
7,892
226
8,302
8,084
218
do... _ 69, 234
_
13,876
32,367
74, 196
71 549
71,065
do _ _
71, 455
15, 767
1
71,
1
1
8,484
8,173
311
8 224
8, 003
221
77, 433 73, 925
72,557
76, 100
14, 339
34, 718
15,001 15, 265 15, 060 15, 171
34,802 34, 382 33, 944 35, 485
72,775
75,827
78, 514
17, 194
33, 749
17, 781 17, 133
34, 829 35, 080
393
389
366
368
384
do__—
_do__-_ 20,141 21, 834 20 982 19, 431 19, 639
691
646
589
613
641
---«do_
1,683 1,746 1 721 1, 712 1,780
149
133
174
156
143
359
21,972
599
1,779
174
357
22 966
638
1,774
169
15,270 14 034
34, 113 33 643
65, 530
14, 223
95, 713 11 96, 621
87,222 1 87, 979
71, 046 70, 729
16, 176 1 17, 250
8 441
8,197
245
8 089
7,872
217
14,327 15, 551
34, 459 34,675
Sales to ultimate customers total (EEX)
Commercial and industrial:
Railways and railroads
Residential or domestic
Street and highway lighting
89, 900
81, 646
66, 986
14, 660
367
22, 323
680
1, 690
160
15, 496
34,749
377
425
?0 648 20 413
789
734
1 767 1, 724
155
148
432
23, 110
822
1, 790
144
77, 124
449
25,812
865
1, 809
136
429
441
25 058 24 096
763
716
1,771 1,764
143
134
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil. $.. 1, 141. 4 1, 200. 7 1, 153 0 1, 145. 9 1,178.5 1, 236. 5 1,272 4 1, 256. 9 1 201 6 1, 171. 3 1,221.4 1, 262. 8 1, 240 2 1 232. 4
GAS
Manufactured and mixed gas (quarterly): eft
Customers end of Quarter total 9
thous
Residential
do __
Industrial and commercial
• do
1,540
1,439
99
988
920
67
1, 162
1,081
80
792
739
52
801
747
53
495
336
155
387
249
142
369
217
150
156
68
88
357
232
146
59.0
44.3
14.4
42.2
30.2
11.8
42.4
29.4
12.8
16.6
9.9
6.7
34.5
24. 3
9.9
thous 33, 940 35, 402
31, 207 32, 516
do
do — 2,695 2,848
34,999
32, 163
2,797
35, 338
32, 516
2, 783
36,168
33, 184
2,945
28, 658
9,360
17,736
26, 699
7,851
17, 378
21,263
3,160
16, 673
28,699
9,336
17, 810
Revenue from sales to consumers, total 9 -.mil. $. 1,620.6 1,738.8
886.2 988 7
Residential
_ —
_
do
748. 4
Industrial and commercial-—...do
689.0
_ _ _ _ _ _ _ _ 1, 579. 9
819.6
712.3
Sales to consumers total 9
Residential
Industrial and commercial
—mil. therms
do .
do
Revenue from sales to consumers, total 9
Residential
..___
_..—
Industrial and commercial
Natural gas (quarterly) :d"t
Customers, end of quarter, total 9
.
Residential
Industrial and commercial
Sales to consumers, total? . '
Residential
Industrial and commercial
mil. $_.
__do__ ~
do
mil. therms— 26, 412
__ _do__ — 8, 828
16, 279
do_
1, 081. 9 — _
425 1
613. 3
_
1,760.6
947 2
760. 8
_
__
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Productionmil. bbl—
Taxable withdrawals
__ do
Stocks, end of month.. _
do
Distilled spirits (total):
Production
mil. tax gal—
Consumption, apparent, for beverage purposes
mil. wine gal—
Taxable withdrawals
mil. tax galStocks, end of month
do—
Imports
_,mll. Pproof ggal
Whisky:
Production.—
— .._ mil. tax gal
Taxable withdrawals....
do __
Stocks, end of month—
do
Imports—
mil. proof gal
8.39
7.82
10.76
9.63
8.49
11. 82
9.28
8.73
11.77
10.31
9 48
11.93
13.38
9.88
9 40
11.56
8 27
11.13
8.40
7.73
7 65
10.68
6.95
7 03
10. 13
9.13
14.36
17. 07
20.71 22. 02
10.62 12.04
866. 18 863 74
3 58
4 69
8.10
7 71
9.99
6 54
10.73
7.75
7.34
6 32
11 30
9. 84
8 58
11.93
13 96
15.93
13.58
14. 51
12.79
8.65
16. 07
15.53
15.03
21.58
10.35
876. 90
3 82
23.00
11.10
868. 76
4.22
21.08
11. 46
874. 54
3.84
22.28 22.03
10.91 10. 98
874.27 873. 92
4. 16
3 71
20.94
9.51
871. 04
3 27
26.18
14. 79
860 08
5 86
27.84
13.30
859. 49
6 07
34.24
10.16
862 42
5 70
19. 21
9.82
864 86
3 12
18. 98 24. 06
9.85 10. 93
866 37 868 44
5 06
3 31
4 66
8.74
7.08
852. 54
3.35
9
7
841.
3
10 95
7 50
846.91
3 42
5 41
5 03
9 44
8 46
9 69
11 06
5 72
7 05
6 56
6 68
8 41
10 85
846. 76 846. 81 844. 27 839. 97 837.21 832. 56
3 71
2 85
1 48
3 07
4 00
5 19
10 40
9 60
830. 05
5 46
11 42
6 83
832] 18
5 07
11 36
6 71
834. 46
2 76
10 66 12 27
7 36
6 98
835. 65 837. 95
4 31
2 96
4 10
9.74
7.65
6.37
6,47
7.51
50
75
2 66
44
38
fiR
2 69
77
42
3 36
•JO
10
1.35
39.41
41
45
75
40
7.68
7.86
K 4fi
6
49
45
3.17
10
53
.33
3.31
08
16 10
13 73
188. 82
30. 59
CO
7.38
^ i fi
. 7.27
6.35
A OO
A
6. 69
8.42
fi in
10. 95
38
36
3 31
09
68
43
3 49
09
27
.28
3.46
07
42
35
3 49
07
43
50
59
67
3 25
16
50
72
3 00
90
•10
3 12 59 12 95 09
12 27 13 84 15 38
130. 04 177.81 251.82
1.39
13 27
15 01
243. 53
1. 86
6 68
14 66
231. 23
3 36
12 35
218. 15
.51
12 68
207, 19
.84
3 05
16 25
193.14
1. 41
35.19
18.26
3.48
5.18
4. 01
2 19
1 84
13 80
12 86
175. 66 164. 16
on
1.79
1.51
A Q9
1 92
85
13 25 10 42
150. 89 139. 42
.86
Revised.
1 Beginning Jan. 1965, data include 1Uaska arid Hawaii.
1
?^01" months Sf 1962 appear on p. 24 of the Mar. 1964 SURVEY; those for the
months of 1963 on p. 28 of the Apr. 1965 SURVEY.
claSfficat1on?o another" comparable on year to year basis because of changes from one size
11.54
10.92
11.77
12.50
Rectified spirits and wines, production, total
Whisky ....
mil. proof gal- 7.24
5 27
Wines and distilling materials:
Effervescent wines:
Production—
mil. wine gal.40
Taxable withdrawals—
do
.35
Stocks, end of month
— _do .
3. 00
Imports —
——
do
09
Still wines:
" """"
Production
— ..
do
16.86
Taxable withdrawals
„_ — do
13. 11
Stocks, end of month— _„—
do— 185.03
111
Imports
do"
Distilling materials produced at wineries... do—
8. 82
8 22
11. 07
1.40
KQ
9.84
09
132.38
146.22
7
9A
fta
28
3 05
3
ftA
cTT he aversigessliown for gas are auai-terlv av sraees..
^Revised data for 1st and 2d qtrs. of 1962 appear in the Sept. 1963 SURVEY; those for 1st and
2dqtrs.of 1963 will be shown later.
9 Includes data not shown separately.
Jane 1965
SUEVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
Monthly
average
S-27
1964
Apr.
:M'ay
June
July
Aug.
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter, creamery:
118.3
Production (factory) |
mil. Ib
Stocks, cold storage, end of month
_ _ d o 328.4
.590
Price, wholesale, 92-score (N.Y.) __ _$ per lb_
Cheese:
136.0
Production (factory), total J
mil. lb_
92.4
American, whole milkt-.
_ _ _ _ _ _ _ _ _ _do___
Stocks, cold storage, end of month, total___-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. Ib
Evaporated (unsweetened) _
_do
Stocks, manufacturers', case goods, end of mo.:
Condensed (sweetened)
mil. Ib
Evaporated (unsweetened)
_
do
Exports:
Condensed (sweetened)
do
Evaporated (unsweetened) _'•
_ _do
Price, manufacturers' average selling:
Evaporated (unsweetened) — _
_$ per caseFluid milk:
Production on farms
- mil Ib
Utilization in mfd dairy products cf
___do
Pricp wholesale IT S average
$ per 100 Ib
Dry milk:
Production:?
Dry whole milk
_ _ _ _ _ _ m i l . Ib
Nonfat dry milk (human food)
do
Stocks, manufacturers', end of month:
Dry whole milk
do
Nonfat dry milk (human food) _ _ d o
Exports:
Dry whole milk .
_ do
Nonfat dry milk (human food)
.. do
Price, manufacturers' average selling, nonfat dry
milk (human food)
____ fperlb
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats, rye, wheat) _ ...mil. bu_
Barley:
Production (crop estimate). _... ..- ......do....
Stocks (domestic), end of quarter, total. _.._do_—
On farms
.
do
Off farms .
__„.„
.......do
Exports, Including malt§._ _— _......__.__ _do
Prices, wholesale (Minneapolis):
No. 2, malting
„_
$perbu_
No 3 straight
do
Corn:
Production (crop estimate, grain only). .mil. bu
Orindings, wet process
do
119.5
179.7
.599
142.7
195.7
.586
153.5
203.5
.587
142.9
234.9
.587
110.7
243. 7
.591
95.8
221.2
.604
86.4
180.9
.623
95.0
149. 2
.616
96.1
95.3
.629
119. 4
66.5
.604
129.7
63.1
.587
123.5
71.0
.587
138.6
98.9
.587
137.1
'132.1
.595
141.9
96.7
152.0
106.5
176.4
128.3
175.3
128.1
151.0
108.7
140.8
97.7
128.9
86.7
128.5
83.6
122.3
76.9
132.1
83.6
130.9
86.9
125.0
82.6
150.6
99.9
160.4
110.2
385.0
344.9
6.9
344.1
302.4
6.5
323.1
284.0
6.4
352.2
309.7
7.0
381.8
339.2
5.4
398.6
353.1
3.6
386.1
338.6
4.6
363.5
318.6
6.9
345. 1
302.5
6.6
335.2
292.8
9.3
326.0
283.6
8.6
311.8
271.4
1.5
298.8
292.4 r 310. 9
259.7 ' 252. 3 ' 271. 6
9.4
6.1
8.0
.426
.434
.420
.420
.421
.428
.431
.446
.451
.451
.455
.450
.444
.444
.441
6.6
158.1
7.9
157.3
10.7
160.8
10.0
208.5
7.2
202.0
8.3
184.0
8.8
174.0
6.8
151.0
7.8
132.5
6.6
115.5
10.5
127.8
9.3
121.0
4.6
120.5
8.0
132. 0
10.1
149.0
6.6
162.9
8.5
173.9
9.1
82.6
10.0
147.6
9.6
208.2
9.4
249.7
9.9
286.3
9.6
231.1
10.3
227.3
8.3
219. 5
6.9
185.3
7.3
154.5
5.8
123.8
5.7
99.8
7.0
113.6
4.7
5.4
5.2
3.1
5.2
3.0
8.6
2.7
5.4
3.0
5.4
3,3
6.8
3.1
3.9
5.3
4.6
5.9
6.8
1.9
6.5
1.3
15.3
12.1
5.9
1.7
5.1
1.4
7.0
1.4
6.01
5.99
5.96
5.94
5.93
5.93
6.00
6.08
6.09
6.09
6.09
6.09
6.09
6.09
10, 417
5, 099
4.11
10, 550
5, 221
4.16
11, 383
5, 904
3.95
12,356
6, 613
3.82
11,820
6, 528
3.79
10, 874
5,620
3.94
10,235
5,012
4.09
9,636
4,370
4.33
9,700
4,291
4.50
9,419
4,112
4.53
9,991
4,704
4.46
10,342
5,015
4.37
9,796
4,873
4.29
11,155
5,683
4.17
11,416
5, 873
4.02
7.6
174.7
7.6
179.1
7.8
217.7
7.4
250.2
6.6
235. 6
6.8
181.5
7.5
148. 1
8.0
121.7
9.3
125.5
8.1
133. 3
8.4
171.3
8.6
186.2
7.6
182.0
7.5
201.1
8.3
213.6
5.7
95.0
6.4
'104.5
7.5
7.1
130. 6
6.4
128,6
6.2
127.3
5.9
114.4
6.0
94.7
6.3
87.4
6.0
92.5
7.0
106.7
7.6
7.7
117.4
' 127. 7
6.7
114.6
8.8
123.2
2.5
44.6
1.6
69. n
61.0
1.3
119. 4
.6
107.1
2.4
93.5
.9
65.5
6.1
65.1
.8
51.5
.7
66.9
1.1
49.7
i8:3
1.2
7.6
2.2
11.1
1.8
51.0
.144
.146
.146
.146
.146
.143
.146
.148
.148
.146
.146
.445
.146
.144
.145
103. 4
.118.8
96.8
91. 8
99.7
115.4
116.6
134.2
*29.7
'67.7
142. 5
116.1
5.1
2 405. 6 2 403. 1
3285.9 3271.8
3 166.9 3161.0
3119.0 3110.8
4.8
6.1
1.19
1.11
24,092 2 3, 549
15.4
16.1
Stocks (domestic), end of quarter, total
mil. bu_. 82,720
On farms— ..._____„.
.......„..._ ___do. . 3 1,786
3934
Off farms
—_--__._.._____.„_.,.._
do
Exports, including meal andflour..—_— — do— . 36.6
Prices, wholesale:
1.24
No. 3. yellow (Chicago)
$ per bu
1.20
Weighted avg., 5 markets, all grades __.._do—
Oats:
Production (crop estimate)
—mil; bu__
Stocks (domestic) , end of quarter, total
.do
On farms
._—.__.,______..._..„_.__ _ do
Off farms.—.._._
„__._. _____do_ .
1.21
1.13
2979
3620
3545
376
.9
Exports, including oatmeaL_.__.,...._.._...__do
Price, wholesale, No. 2, white (Chicago) f
.73
Sper.bu..
Rice:
2 70. 3
Production (crop estimate). ........mil. bagsQ
California mills:
122
Receipts, domestic, rough............. .mil. lb__
85
Shipments from mills, milled rice
do
Stocks, rough and cleaned (cleaned basis), end
132
of month
..mil. Ib
Southern States mills (Ark., La., Term., Tex.): ""
438
Receipts, rough, from producers
..mil. Ib—
270
Shipments from mills, milled rice
.... do....
Stocks, domestic, rough and cleaned (cleaned
997
basis), end of month........ ..._„..„ mil. Ib..
220
Exports.
do
.093
Price, wholesale, Nato, No. 2 (N.Q.)___._$ per Ib..
32,769
31,803
3966
40.1
1.23
1.23
r 105. 3
1.1
126.6
129.8
5.93
4
154.6
1.7
166.2
340.3
297.9
12, 300
3.91
133 9
4
60. 9
473.0
7.7
2.0
3.4
409.6
260 9
148.7
6.0
10.2
7.6
•2.5
205.0
107 2
97 8
2.3
1.22 • 1.23
1,14
1.16
1.19
1.11
1.18
1.08
1.16
1.06
1.23
1.17
1.26
1.19
1.25
1.20
1.25
1.19
1.27
.1.21
1.31
1.25
1.31
1.23
1.33
1.23
1.39
1.32
16.5
17.2
17.0
15.2
15.7
15.9
16.6
15.6
14.7
16.. 7
15.9
17.5
16.8
17.3
42.4
35.4
2,344
1,481
863
28.0
32.8
« 1,
510
4
655
4855
42.9
39.5
44.3
57.4
3,922
2 784
1 138
45.0
17.7
40.3
2,836
1 897
939
68.1
42.1
1.24
1.24
1.28
1.27
1.26
1.24
1.22
1.21
1.25
1.23
1.26
1.25
1.21
1.22
1.17
1.20
1.24
1.25
1.26
1.28
1.29
1.26
1.31
1.28
1.33
1.31
5.0
12.6
2882
3604
3519
386
4
4
315
252
63
873
753
120
4
310. 2 ........
190.4
119.9
11.2
4.3
712
624
88
1.36
1.31
474
403
71
.9
.3
.7
.9
.6
1.0
1.1,
2,1
1.8
1.6
.4
.1
.70
.68
.66
.66
.65
.68
.71
.71
.72
.77
.78
.72
.74
.77
163
184
103
109
66
42
62
55
68
42
44
53
361
76
83
56
87
49
121
58
186
182
197
114
158
151
09
•
(0
.77
273.1
127
85
123
105
69
74
56
54
. 28
183
180
185
210
161
189
150
462
308
148
293
71
261
58
199
135
168
717
208
1,348
335
1,758
436
407
308
258
329
306
270
158
175
101
438
102
341
1,044
248
.086
746
400
.088
531
265
.088
372
237
.088
296
122
.088
559
79
.088
1, 122
160
.083
1,844
200
.083
1,818
154
.083
1,670
273
.083
1,615
117
.083
1,535
16
.083
1, 225
55
.083
945
161
* . 084
Rye:
Production (crop estimate)..... ...... ...mil. bu.. 229.2 233.5
_„...__
Stocks (domestic), end of quarter, totaL._..do.... 315.0 316.8
"~29.~7~
~~21.~2"
""17.1"
Price, wholesale, No. 2 (Minneapolis). _.$ per bu..
~T§2~ "l"29"
1.30
1.28
1.28 ~Tl9~ "l.~20~
1.27 ~T25~ ~~1.~21~
1.21 "I." is" "~1~17~
1.18 "i'ii" "Tie"
'2 Revised.
*> Preliminary.
1 See note "O" for p. S-21.
c? Re vised series; data reflect inclusion of creamed cottage cheese and frozen products
Crop
estimate
for
the
year.
'
Quarterly
average.
(formerly excluded). Revisions for 1946 and 1952-58 (former series) and 1958-62 (revised
4
Old crop only; new crop not reported until beginning of new crop year (July for barlev,
series) appear on p. 24 of the Mar. 1964 SURVEY.
oats, rye, and wheat; Oct. for corn.
s Less than 50,000 bu.
fExcludes a small amount of pearl barley.
^Revisions are available upon request as follows: Jan. 1961-June 1962 and Jan.-May 1963
f Revised series (for No. 2; formerly, for No. 3).
for cheese and nonfat dry milk; Jan.-June 1962 and Jan.-May 1963 for butter and condensed
9 Bags of 100 Ib.
evaporated, and dry whole milk.
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
Monthly
average
June 1965
1964
Apr.
May
June
July
Aug.
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS-Con.
Wheat:
Production (crop estimate), total
Distribution (quarterly total)
mil. bu._ U,142 1 1, 290
1234
1266
1908 11,025
2337
2364
do
305
380
362
304
21,564 21,342
2253
2281
21,311 21,061
3901
375
3 826
1 812
506
1,306
1,450
390
1, 060
1,146
264
882
Stocks (domestic) end of quarter total do__
Off farms
»-
Exports, total, including
flour.
^o
do_._.
59.7
53. 3
468.4
62.2
78.0
70.7
79.5
72.1
60.0
54.8
56.3
52.8
52.3
44.6
66.5
60.4
59.9
51.5
67.4
61.9
71.7
64.8
Prices wholesale:
No 1 ,dark northern spring (Minneapolis)
2,34
2.35
1.70
$ per bu__
2.06
1.84
2.42
1.80
1.82
1.84
2.38
1.74
2.26
2.13
1.55
1.86
1.66
2.20
1.63
1. 65
1.68
1.53
No.2,hd. anddk.hd. winter (Kans. City)-do.-__
1.58
2.26
2.26
1.92
1. 59
1.72
1.75
2.33
1.71
1.75
1.58
1.69
Weighted avg 6 markets all grades
do__
Wheat flour:
Production:
' ,«nmu %
Flour
thous. sacks (100 lb.)__ 21, 991 '22, 137 '22,243 '22,050 27, 057 '14,947 '20,835 '23,329 25, 017 '22,311 21, 104
91.2 '94.7
92.6 ••93.5
111. 0
58.7 '89.7 ' 100. 6 102.9 ' 101. 0
86.6
412
411
'411
283
435
507
407
462
396
Offal
'
thous. sh. tons__
390
416
34,
215
'49,908
'50,181
50,225
61,557
52,
968
49,
976
56,
463
47,
910
47,
324
50,765
Grinding of wheat....
thous. bu_.
Stocks held by mills, end of quarter
thous. sacks (100 lb.)__ 2 4, 710 25,276
5,354
4, 840
5, 068
2,629 3,127 3,191 2,249 1,540
2,620
2,956
2, 808
3,289
3,606
2,347
Prices .wholesale:
x
Spring, standard patent (Minneapolis)
5.478 5. 783
5.652 5.600
$ per 100 lb_. 5.63d
5. 983
5.673
5.765
5.735
5.623
5. 773
5.250 5.333
5.643
5.390 5.400
5.493
5. 510
5.487
5.387
5. 477
Winter, hard, 95% patent (Kans. City) .--do.— 5.365
«20.8
519.7
24.5
22.6
71.8
69.1
68.8
62. 3
1.80
1.63
1.70
1.80
1.61
1.69
1.80
1.57
1.69
1.81
1.54
1.67
20, 166 '18,102
92.7
83.3
377
'336
45, 750 '41,042
22, 623
89.8
419
51,068
8
467
812
4,709
1,185
1.81
1.52
1.65
2,792
5.610
5.387
5.585 ' 5. 560 v 5. 587
5.310 ' 5. 303 v 5. 276
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
.thous. animals _.
Cattle
G®
Receipts (salable) at 27 public markets
do
Shipments feeder to 8 corn-belt Sta'tes
do
Prices, wholesale:
Beef steers (Chicago)
_$ per 100 lb__
Steers, stocker and feeder (Kansas City)..do.__.
Calves, vealers (Natl. Stockyards, 111.).- -do
Slaughter (federally inspected) — thous. animals..
Receipts (salable) at 27 public markets
do
379
2,045
1,139
355
321
2,070
1,082
322
385
338
2,162
2,207
1,257 « 1,201
359
260
384
2,125
1,228
588
453
2,199
1,301
861
514
2,359
1,619
1,286
442
2,111
1,528
1,309
449
2,254
1,245
527
404
2,166
1,207
428
473
384
1,919 '2,226
1,113
965
279
332
411
2,021
911
354
995
23.79
22.95
30.00
402
2,094
1*231
,591
22.86
19.79
26. 21
21.03
20.91
26.50
20.29
19.24
27.50
21.37
18.92
23.50
23.15
18.81
23.00
24.94
19.30
22.50
25.82
19.79
25. 00
24.88
19.33
20.00
24.42
19.18
24.50
23.76
18.80
25.00
23.83
19.88
28.50
23.50 23.80
25.01
21.31
22.04
19.85
30.50 ' 27. 50 * 29.48
26.40
22. 68
5,965
1,646
5,972
1,593
6,481
1,681
5,476
1,460
5,038 4,928
1,443 ° 1,405
4,841
1,294
5,630
1,506
6,804
1,860
6,546
1, 750
6,648
1,766
6,047
1,527
5,301
1,294
6,534
1,480
5, 802
1,274
1,199
13.89
14.46
15.22
15.88
16.21
16.40
15.13
14.07
14. 94
15.58
16.56
16.72
17.26
19.86
12.3
12.3
12.8
'14.3
'14.1
13.8
13.7
' 13. 5
'13.0
13.4
14.0
13.8
13.7
16.0
1,052
319
171
986
289
215
1,056
337
154
1, 118
«343
179
1,020
385
314
1,141
511
433
1,213
551
394
997
394
134
1,053
336
134
1, 062
278
122
850
209
129
986
227
133
989
199
136
229
22.25
(7)
24. 00
(7)
23.75
0
23.38
(7)
23.50
(7)
22.50
(7)
20.50
&20.31
19.75
(7)
20. 62
&19.62
22.25
(7)
23.88
25.00
(7)
23.25
(7)
26. 50
(7)
378
1,805
1, 173
551
Wholesale, average, all grades (Chicago)
$perl001b... 15.03
14.92
Hog-corn price ratio (bu. of corn equal in value
13.2
to 100 Ib live hog)
13.6
Sheep and lambs:
Slaughter (federally inspected) ...thous. animals1,079
1,163
Receipts (salable) at 27 public markets _ do _.
370
444
212
Shipments feeder, to 8 corn-belt States __ do __
200
Prices, wholesale:
21.93
Lambs average (Chicago)
$ per 100 Ib
18.69
Lambs' feeder, good and choice (Omaha).do.___ <J 17. 83 619.82
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in), inspected
slaughter
- ...
mil. Ib
Stocks (excluding lard), cold storage, end of
month
_ _ ._'
_ mil. Ib
Exports (meat and meat preparations)^
do
Imports (meat and meat preparations) j ...do
«(7>
2,292
2, 473
2,575
2,406
2,404
2,332
2,221
2, 405
2,754
2,553
2,665
2,518
2,187
2,595
2,352
592
45
122
723
55
91
865
47
89
866
63
76
826
56
126
724
49
75
621
48
106
532
50
79
582
62
76
665
56
82
702
65
86
703
681
33
63
689
68
108
675
44
72
516
41
613
Beef and veal:
Production, inspected slaughter.. _
do
1,137.4 1, 304. 4 1,314.8 1, 319^ 6 1,384.8 1, 336. 5 1, 278. 0 1, 323. 3 1,421.3 1. 271. 7 1,370.4 1, 341. 5 1, 187. 8 1,365.8 1, 235. 4
StocKs, cold storage, end of month
do
291. 4
276.3 285.7
296.3 300.9
300.4
258. 8 '235.1 218.7
217.2
305. 2
267.8
267.0
328.5
274.3 303.5
Exports
__ _
__
do
5.0
3.9
5.7
3.8
4.8
2.3
2.4
15.6
7.6
4.2
3.1
53.4
3.7
6.0
5.8
Imports
do
66.4
99.6
66.3
92.0
70.1
53.1
73.0
30. 5
38.5
99.9
58.1
59.2
53.5
72,4
39.2
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
_
$ per Ib
.379
.372
.408
.398
.384
.417
.430
.400
.403
.403
.446
.424
.419
'.404
.418
.408
Lamb and mutton:
Production, inspected slaughter
mil. lb_. 55.6
53.6
48.2
48.3
51. 0
52. 0
52.4
46.2
52.6
53.7
43.2
50.1
49.4
57.3
48.9
StocKs, cold storage, end of month....
do
16. 3
16.2
16.4
17.3
19.5
18. 2
'11.0
12.3
11.2
11.3
16.1
15.3
13.0
13.1
13.7
10.6
Pork (including lard) , production, Inspected slaughter
mil Ib 1,099.0 1, 116. 6 1,206.5 1,038.1 970.9 944.4 896. 9 1, 029. 2 1,275.3 1,232.7 1,241.7 1,122.9 956.3 1,179.3 1, 067. 5
Pork (excluding lard) :
Production, inspected slaughter
...do.... 856.6
798.4
743.6 733. 6
870.4 940.9
694.7
809.7 1, 000. 5 972.8
751.4
848.6
972.8
882.8
937.6
Stocks, cold storage, end of month
__do
321.4
279.2 333.0 473.6 468.8 412.9
184.0
283.6
318.9
334.8 '334.8
221. 7
307.9
293.9
229.1
275. 0
Exports.
.. .
... do
12.9
8.6
10.9
13.5
11.5
11.1
5.5
5.9
7.3
4.9
5.8
6.6
52.6
8.9
4.3
Imports.
_ _ .._
do
17.0
17.8
17.6
17.5
16.3
18,0
7.4
15.9
17.9
18.1
27.7
20.6
26.8
17.3
21.0
Prices, wholesale:
Hams, smoked, composite.
$perlb
.448
.464
.435
.423
.453
.458
.475
.465
.462
.483
.463
P. 485
.472
.475
.498
Fresh loins, 8-12 Ib. average (New York)_do _.
.401
.395
.503
.461
.443
.443
.512
.513
. 503
.478
.403
.453
.401
.460
.452 ' .454
Lard:
Production, inspected slaughter
mil. lb_. 176. 4
175.7
165.7
155.5
189.4 - 193. 0
147.8
149.4
159. 4
159. 3
190.2
175.4
200.7
195.8
174.8
Stocks, dry and cold storage, end of mo.
do
125.2
125.4
96.3
104.2 116.3
98.1
131. 1 143.1
68.2
146.9
89.1
82.4
127.1 150. 9
103.8
Exports..
.
do
91.1
51.9
44.8
45.8
56.8
72.8
46.4
46.3
42.6 6 22. 9
38.0
54.9
63.5
18.4
29.9
Price, wholesale, refined (Chicago)
$ per fb._
.131
.130
.130
.122
.136
.130
.135
.131
.148
.160
.148
P. 160
.149
. 148
.150
r
Revised.
» Preliminary.
JRe vised efl ective Jsin. 1961 in accordsmce witli the Standard In ternatioilal Trad 3 Classi1
Crop estimate for the year.
2 Quarterly averaj?e.
ficatk>n (SIT(:) group ing of items; this groupin g exclude)s lard (1ncluded in forme r export
3 Old crop only; new grain not reported until begi]nning of new croj> year (Jiily for w heat),
series ) and sa usage ca5>ings
(formerly in eluded) but inchides mea t extract s, etc. (f ormerly
* Beginning Jan. 1964, flour included in total is cc nverted to gram equival ent on b<asis of
exclu ded). E ata for i ran. 1961--Aug. 19 32 are a1Bailable upon re(juest. ° Beginniiig July
2.33 bu. of wheat to 100 Ib. of flour (2.3 bu. former ly used)
s See note "Cy for p. S-21.
1964, data are for 26 pu blic mar!Sets.
> Choice only.
8 Average based on months for which quotations £ire availsible.
No quotation.
June 1965
SURVEY OF CURRENT BUSINESS
1963
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1965
1964
1964
Monthly
average
S-29
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. lb__
Stocks, cold storage (frozen), end of month, total
mil. lb._
Turkeys
•_
_^._.
do___
Price, in Georgia producing area, live broilers
$ per lb_.
604
Eggs:
Production on farms
mil casesO..
Stocks, cold storage, end of month:
Shell
thous. cases©..
Frozen....
mil. lb__
Price, wholesale, extras, large (delivered; Chicago)
$ per doz
629
541
569
611
635
699
838
725
640
366
233
488
342
419
274
357
207
340
195
.142
.137
.140
.131
778
526
541
300
167
252
135
'213
104
174
81
.135
.145
. 150
,145
.150
560
469
295
184
313
181
241
123
219
100
211
89
227
102
275
149
.138
'.137
.130
.132
.135
.144
.143
14. 6
15.0
15.7
16.0
15. 0
14.9
14.5
14.0
14.6
14.4
15.1
15.4
14.1
15.8
15.5
132
124
184
41
38
106
108
69
58
54
'53
86
'141
84
57
62
'132
98
62
114
119
102
76
171
201
73
81
53
55
'56
.343
.331
290
.276
.293
.326
.381
.362
.363
.329
.308
. 261
.277
.291
.308
23.5
.253
22.4
.234
16. 8
.220
17.6
.228
22.2
.224
18,4
.235
26.8
.228
19.7
.234
23.9
.235
18.6
.226
24.4
.240
8.0
.226
22.1
.201
25.4
'.168
25.5
.164
2
3,922
2
5, 704
'24,281
2
5, 594
1, 986
1,902
1
326
67
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl shells)
thous Ig tons
Price wholesale Accra (New York)
$ per Ib
Coffee (green) :
Inventories (roasters', importers', dealers'), end
of quarter
thous bagscf
Roas tings (green weight) Quarterly total do
Imports, total
do
From Brazil- _
__ _
do
Price, wholesale, Santos, No. 4 (New York)
$ per Ib
Confectionery manufacturers' sales
mil $
Fish:
Stocks, cold storage, end of month
...mil. lb_.
Sugar:
Cuban stocks, raw, end of month
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
Exports, raw and refined sh
Imports:
Raw sugar, total 9
thous. sh
From Republic of the Philippines Refined sugar, total
302
.345
,500
r
105
.490
110
.479
'116
206
195
156
929
' 915
2,395
314
367
836
832
843
120
1, 344
399
.485
1,552
441
.475
1,428
2, 989
5 452
367
2,330
924
2,069
728
461
156
1, 296
261
2,446
525
455
.475
'138
.458
' 124
450
117
463
116
'.453
'123
1,660
368
525
473
1,960
1, 659
333
'85
77
'100
'160
.483
'160
162
177
200
216
219
213
218
215
192
167
141
'137
150
' 2, 245
1,370
1,380
780
255
125
80
25
410
1,245
2,105
3,275
3,200
79
120
156
753
967
1,006
215
215
'88
66
45
459
159
348
223
399
216
723
244
628
224
809
801
732
731
765
764
919
918
976
974
783
190
978
977
529
158
146
116
83
54
64
63
599
1 870
167
110
107
617
609
830
823
738
730
866
860
753
745
196
197
f
458
108
1 502
250
797
780
1,675
1, 997
2 341
2 185
1 866
1,493
1 234
975
971
965
1 409
2 085
2 693
2 893
tons
342
352
367
407
396
231
231
171
187
148
143
3 78
123
347
403
tons
do
do
359
91
U4
292
98
7
205
42
3
340
127
1
293
. 77
5
367
170
11
271
101
6
429
183
7
391
104
22
381
109
8
347
91
16
132
46
5
154
35
3
238
56
20
333
138
.081
.069
.074
.068
.066
.063
.062
.062
.063
061
.065
069
069
066
066
. 688
.111
8.657
.100
.710
.105
.689
.102
.655
.092
.620
.092
.600
.092
603
089
.594
089
590
590
.095
598
095
598
.089
.583
.091
.093
v 093
11 133
13 982
11, 552
10, 409
10, 392
8 533
10 897
10 674
10 242
13 084
4 066
7 176
16 192
15 994
221.6
216 3
221. 4
233.8
182.2
228.9
246 0
263.9
238 5
197 9
193 6
204 6
213 0
210 8
113.1
116 5
122. 1
131. 1
117.2
99.9
94 4
101 7
112 2
121 1
121 4
111 0
113 6
121 4
233.9
201 0
207.4
235. 1
238. 8
296 1
280 3
277 8
249 9
234 0
212 4
220 5
'236 6
213 7
Prices (New York):
Raw* wholesale
$perlb
Refined:
Retail (incl. N.E. New Jersey) $ per 5 Ib
Wholesale (excl. excise tax).
Sperlb
Tea, Imports
1, 597
601
540
159
Deliveries, total 9
do
For domestic consumption
....do
Stocks raw and refined end of month do
2> 460
772
' 4, 470
5,672
4,071
5 041
4, 216
5 016
thous Ib
e
10,519
Baking or frying fats (incl. shortening):
Production .
mil Ib 213.4
Stocks (producers' and warehouse), end of month
132.4
mil Ib
Salad or cooking oils:
Production.
___
do
s 196. 6
Stocks (producers' and warehouse), end of month
248.7
mil. Ib
Margarine:
Production ....
._
do
149.5
Stocks (producers' and warehouse), end of month
mil. lb__ 46.3
Price, wholesale (colored; mfr. to wholesaler or
large retailer ; delivered)
$ per Ib
.238
2 731 ' 2 619p 2 467
Q
588
120.9
126. 2
129. 0
120.7
104.7
116.9
105 4
110 1
137 5
118 8
162 3
166 9
138 5
170 0
154. 8
150 2
138.4
134. 3
136. 5
142 5
162 1
182 2
143 9
166 7
163 2
167 2
170 5
154 3
46.4
48.6
50.6
47.2
44.4
44. 8
40. 2
44.5
47 2
48 0
50 3
44 6
53 1
51 5
.241
.238
.238
.238
.238
.238
.238
.241
.250
.260
256
259
263
v 263
43.4
36.4
44.6
39.2
49.6
42.0
45.9
40.4
41. 9
34.9
43.3
43. 6
37.2
36 8
45.0
38.4
44 6
32 1
39 0
24 4
42 2
27 0
44 4
34 1
40 8
36 3
37 7
37 5
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats: A
Tallow, edible:
Production (quantities rendered).
mil Ib
41.4
Consumption in end products.. ....
..do
33.6
Stocks (factory and warehouse), end of month
41.3
mil.lb.
Tallow and grease (except wool), inedible:
317.2
Production (quantities rendered)...
do
Consumption in end products
_ _ _ _ _ do
e 177. 8
Stocks (factory and warehouse), end of month
mil. lb. 383.2
Fish and marine mammal oils:
Production^
__
__..
__..
do
15.5
Consumption in end products
__.__do__
7.4
Stocks (factory and warehouse), end of month
mil. lb- M62.7
34.1
38.5
38.7
37.8
35.5
29.9
24.6
24.0
29 2
41 7
46 4
45 3
41 7
35 0
348.4
178.6
366.0
173.8
361,0
178.3
351.3
193.0
347. 4
159 9
332.2
184.0
322.3
187 1
372.6
196.0
343 7
167 6
349 2
185 3
343 8
184 2
331 3
170 1
355 4
' 184 0
327 8
172 5
344.8
395.9
331.1
331.9
314.7
305. 3
281.9
294.2
312 4
365 7
428 5
423 5
'434 9
407 9
14 9
'6.7
3.5
7.6
29.4
40.2
7,0
6.2
26 1
7 4
18 5
7 2
15 3
63
70
61
58
6 0
g
6.8
31 8
5
57
6 0
5
'64
10 2
6 4
139.6
145.6
147.4
130.0
144.6
139. 9
145.7
126.9
' 118. 0
109. 0
95.5
113.2
126.7
124.6
' Revised. » Preliminary. 1 Beginning Jan. 1963, includes data for Alaska and Hawaii.
2 Quarterly average.
3 See note "Q" for p. S-21.
* Effective5 Sept. 1963, includes small
amounts of refined sugar, tinctured, colored, or adulterated.
Data beginning Jan. 1964
not entirely comparable with those for earlier periods.
e Beginning 1962 on annual basis
and Jan. 1964 monthly, data are not comparable with those for earlier periods; consumption
for feed now based on Tenderers' shipments instead of feed mill reports.
? Beginning March
1963, includes 8General Services Administration stocks no longer required for
the strategic
c
stockpile.
Based on corrected annual total; months not corrected.
Corrected.
O Cases of 30 dozen.
d^Bags of 132.276 lb.
9 Includes data not shown separately; see also note "•'§".
§ Monthly data reflect cumulative revisions for prior periods.
AFor data on lard, see p. S-28.
^Revisions for Jan.-June 1962 appear in the Sept. 1963 SUBVEY.
SUEVEY OF CUKRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
1964
Monthly
average
June 1965
Apr.
May
July
June
Aug.
1965
Sept.
Oct.
Nov.
Dee.
Jan.
Feb.
Mar.
Apr.
May
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PEODUCTS— 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 month
mil Ib
Imports
__do_ .
Corn oil:
Production:
Crude
do
Refined
__do
Consumption in end productsj
do...
Stocks, crude and refined (factory and warehouse) end of month!
mil Ib
Cottonseed cake and meal :
Production
thotis sh tons
Stocks (at oil mills) end of month
do
Cottonseed oil:
Production:
Crude
---- mil.lb
Refined
- - -— --.
_do___
Consumption in end products
do
Stocks, crude and refined (factory and wareExports (crude and refined)*
do
Linseed oil:
Production, crude (raw) _ „
mil. lbConsumption in end products
do
Stocks, crude and refined (factory and warehouse) end of month
mil Ib
Price wholesale (^Minneapolis)
$ per Ib
T1
27. 3
42.2
63.5
186
48.4
66.7
20.0
41.9
65.9
25.2
38.0
58.7
32. 6
46.2
61.1
29. 3
43.2
69.7
27.5
39.8
66.2
32.1
46.9
74.0
37.8
38.9
61.7
(2)
38.8
59.4
36.7
46. 8
63. 2
32.4
41.7
62.6
33.9
46.3
65.0
27.5
40.8
60.3
228 5
31.0
166 1
33.1
166 0
34.8
158 2
27.8
154 7
36.4
166.3
35.4
178.5
68.8
161.7
9.3
131.8
15.3
146.7
14.5
154.0
6.1
143.2
71.8
148.0
64.3
166. 2
42.6
169.7
47.3
32. 5
30.3
29.4
34.5
32.8
34.2
36 6
30.0
31.7
35.9
27.7
30.9
37.0
34.3
33.0
33.0
32.9
34.3
33.9
38.5
35.2
31. 5
29.9
31. 2
36.0
41.3
42.6
33.5
32.8
34.8
32.0
32.3
36. 1
35. 1
32.4
33.3
34.2
31.9
33. 5
38.0
34.8
34.4
36.0
32.2
30.0
58 2
57. 8
63 9
62 6
63.8
62.2
59.7
61.9
52.4
43.4
40.1
39. 4
39.3
41.7
41. 5
225 3
172 9
225.5
218 3
212 9
295 7
165 1
325 6
116.7
305 0
>-87.3
249. 4
82.5
171.5
181.9
138.8
316.9
137. 4
339.0
159. 9
325.0
126 8
315.4
150.6
284.0
177.0
294.5
192. 7
222.7
220.7
159.8
131.4
96 o
161. 1
133. 3
114 4
154.7
151. 9
103 8
119.2
137. 2
99 2
86.6
117.2
111.9
60.3
78.9
105.4
55.9
72.2
111.8
127.2
86.7
127.9
227.3
143.9
140. 3
243.3
177. 2
129.8
233. 7
192.8
136.5
227. 3
172.9
121.3
205.9 ' 213. 6
162. 4
192.8
131 1 122.0
164.6
135.5
110.8
599 2
30.4
153
638 3
50. 0
141
810 2
38.4
149
769 2
54.0
152
701.6
43.1
3.132
611 0
21.2
.133
498.4
75.3
.131
432.8
43.7
.130
450.1
35.0
.135
534.7
22.1
150
506 3
88.7
150
518 7
65. 4
149
546.9
43.0
.159
568. 7
50.2
.170
583.4
34.1
P. 164
33 3
32 0
37.0
31 4
31.5
35 1
39.3
34 6
40.8
36.4
33.7
35 2
38.2
32.2
42.1
30.3
45. 7
30.3
35. 2
25.8
34.7
25.8
34.7
27.5
31.9
28.0
39.5
31.2
28. 5
31.0
116 7
127
144.6
134
131.6
.133
137.6
133
139.4
.133
129.7
,133
139.5
.133
140.0
.133
165.0
.134
177.4
.139
185.5
.139
199.3
.139
204.2
139
214.8
.139
212.3
*.139
886 3
131. 8
819 0
139. 9
855 2
167. 6
830 8
124.1
893 8
121.4
885 1
119.8
852 3 1, 027. 4 1 022.2 1 009 4 1 001 9 877 5
199.0
100. 7 ' 112. 8 120.3
102.6
186.8
956 8
181.7
882 0
194.0
412 0
382.6
368 0
385 6
352.1
344 8
398 7
355. 6
342 3
386 2
400.5
366.1
412.0
340.5
341 7
413.6
435.6
425 8
398.8
458.4
434.8
482. 5
444.3
432.5
467.9
392. 1
368.7
464 8
370, 5
338 6
463.3
377. 4
321 7
408. 5 448. 2
348.2 •'T 395. 0
319. 1 359. 0
415.9
369.1
340. 8
770 8
106 0
123
922 3
126.0
121
873 3
62 7
123
814 9
99.5
3
.102
759 4
127.1
109
666 5
132. 1
110
577 8
124.8
.120
538. 4
110. 2
129
532 7
117.8
149
544 2
157 6
140
586 6
68 4
139
606 0
72.7
142
613 8
146.6
.141
579 5
91.7
* 145
5 223
42 533
14* 971
29, 867
14, 687
31? 306
14 147
4, 922
44 084
15 735
32 793
14, 860
28 522
15, 012
5, 033
69 311
16^ 521
56 037
16 706
56 081
14 846
5 623
65 854
9 001
5 984
20* 802
7 025
13 440
5,551
43 966
53, 208
42, 519
38, 749
15 004
16 726
14 647
15 350
13, 146
14,513
15 035
16, 189
13, 470
12 849
13 583
12 677
15, 449
3 554
41 454
675
14 630
2 095
3, 144
43, 686
670
16 052
1, 862
3 644
3 126
41. 715 45, 154
699
731
14 231 14 757
1 890 2,046
3 877
42, 584
693
13 187
2,148
3 708
44, 420
719
13 909
1,990
3,986
43, 303
689
14 820
2, 827
3,571 3,237
47, 136 41, 548
784
777
15 139 13 727
1 844 2,042
4 557
39. 898
444
13 306
2,843
2 088
39, 086
602
13 098
718
3 380
40,210
554
12 101
1,329
3, 705
47,385
642
15, 248
2,333
2,094
29.0
46.2
60.5
Soybean cake and meal:
Production
thous sh tons
900 1
Stocks (at oil mills) end of month §
do
127 3
Soybean oil:
'
Production:
421 1
Crude
mil Ib
Refined
-_ ---do
338 1
Consumption in end products
do
322 0
Stocks, crude and refined (factory and wareiR7fi n
house) end of month 1
mil Ib
Exoorts (crude and refined)*
do
91 9
Price wholesale (refined ' N Y )
ipprlb"
133
TOBACCO
Leaf:
*2,344
Production (crop estimate)
mil Ib
Stocks, dealers' and manufacturers' end of quarter total
mil Ib s 4, 931
42, 124
"Exports incl scrap and stems
thous Ib
13, 985
Imports incl scrap and stems
do
Manufactured:
13 960
Production (smoking chewing snuff)
do
Consumption (withdrawals):
Cigarettes (small) :
3,424
Tax-exempt
millions
42, 466
Taxable
do
547
Cigars (large), taxable
do
13 709
Manufactured tobacco taxable
thous Ib
1, 968
Exports cigarettes
millions
p
f
r
* 2 227
r5
r
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, tota!9
.-—thous. $._ 6,215 7,724
7,088
Calf and kip skins.._....
.
thous. skins..
155
199
213
Cattle hides....
thous. hides..
664
959
882
Imports:
Value,total9.—-—
-thous. $.. 5,253
6,823 8,111
Sheep and lamb skins... ........thous. pieces.. 62,192 72,538
3,380
Goat and kid skins...
do
1,231 1,074 1,323
Prices, wholesale (f.o.b. shipping point):
Calfskins, packer, heavy, 9^/15 Ib
_$ per lb._ *>.365 * . 414
.400
Hides, steer, heavy,native, over53Ib
..do.... ».lll p . 106
.113
8,620 8,252
239
151
1,072 987
7,890
184
972
8,032
104
1,051
7,810
162
945
8,385
173
1,004
9P005
204
1,101
7,922
228
1,021
4,531
130
788
5,150
130
702
6,037
253
1,214
10, 244
226
1,324
8,519 8,242
3,615 2,732
1,650
1,134
8,369
3,354
1,157
5,631
1,891
'850
8,077
3; 527
4,083
871
863
4,382
1,052
570
5,664
1,378
925
2,627
816
377
6.213
2,246
963
11,659
6,322
1,687
4,288
1,893
.438
.430
.098 .104
.430
.115
.450
.124
.450
.119
.450
.124
.450
.119
.500
.114
.500
.104
.520
.105
TO. 520
P. 116
. 480
.105
LEATHER
Production:
Calf and whole kip
„
..thous. skins..
466
545
525
601
611
••565
542
606
495
572
629
637
603
2,033
Cattle hide and side kip...thous. hides and kips.. 1,804 1,903 <"-l,987 r 1,989 r 1,954
1,698 1,993 • 1,941 1 2,068 • 1,845 f 1,895
1,875 r 1,884
Goat and kid
..—.thous. skins.. 1,182 1,073 1,171
1,132
1,134
1,015
790
1,235
1,092
942 1,120
1,047
1,147 1,085
Sheep and lamb—..,
....do.... 2,864
2,629
2,813 3,018 2,736
2,333
2, 261
2,508
1,917
2,865
2,450
2,528
2,750 2,630
Exports:
Glo ve and garment leather.........thous. sq. ft.. 4,640
3,875
4,293 4,562
3,443
2,555
2,834
3,266
3,015
8
6,577
7,136
} 2,849 4,486
Upperand lining leather
do.... 3,423
3,548
3,809
3,627
3,762
2,602 3,050 3,241
3,307 2,756
Prices, wholesale:
Sole, bends, light, f.o.b. tannery..
$perlb._ *.678 *>. 662
.657 .657
.657.657
.695
.657
.657
v. 700
.695
.695
.695
Upper, chrome calf, B and C grades, f.o.b. tannery,..—-_—.——.._______„...$ per sq.ft.. *> 1.151 * 1.174
1.133 1.13831.180
1.170
1.237
1.243
1.187
1.197 1.223
1.223
1.223
1.237
1.237
j Revised.
* Preliminary.
1 Average based on reported annual total.
2 Not availexcept sole and rough; see note "O" for p. S-21.
{Revisions for 1962 appear in the Sept.
able,
s Beginning June 1964, data are not comparable with those for earlier periods because
1963 SURVEY.
of changes in specifications or reporters (for leather^. May 1964 prices on new basis: Cotton*New series. Data prior to Sept. 1962 may be obtained from Bureau of Census reports.
seed oil, $0.132; soybean oil, $0.103; leather, $1.180.
f Crop estimate for the year
5 Quar§Monthly averages for 1951-56 (corrected) appear in the Aug. 1964 SURVEY.
te
ra
6 Effective
196
9? ^ .^-o
^P^ 3, data reflect minor changes in coverage to conform
9 Includes data for items not shown separately.
° Revisions for Jan. and Feb. 1964
with "Tariff Schedules of the United States." 8 1 Effective Jan 1964, data exclude items
(thous. hides and kips): 1,842; 1,787.
presently reported in Ibs. instead of pieces.
Effective Jan. 1965, data are for all leather,
SURVEY OF CUKKENT BUSINESS
June 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
| 1964
Monthly
average
S-31
Apr.
May
July
June
Aug.
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:
Production, totalt
——
thous. pairs- 50,361 151,831
Shoes, sandals, and play shoes, except athletic
thous, pairs- 142,477 143,457
Slippers for housewear _«,__„
_„.
_do_-— 6,468 i 7, 205
i 555
1813
Athletic...——.——
—
—do—
1613
1603
Other footwear
—
__——__do—
.do..
Exports.—.———
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper, Goodyear welt
1957-59=100Women's oxfords, elk side upper. Goodyear
welt.
—1957-59=100Women's pumps, low-medium quality do—
49, 205
47,685
47,526
47,436
53,075
50,620
50,902
45, 754
48,059 '52,369
52, 402
42,217
5,969
443
576
40,325
6,280
354
726
40,544
5,903
290
40, 630
5,834
256
716
44,074
7,887
281
41,128
8,109
259
1,124
40,457
9,238
275
932
37,166
7,558
275
755
41,716 i>-46,749
5,387
312
644
!»185
46, 154
5,422
649
177
183
219
133
2Q8
190
170
159
174
145
162
141
150
105.1
105.9
105.1
105.1
105.1
105.1
105.1
105.1
108.8
108.0
108.0
108.0
108. 0
108.0
109.6
106.5
110.7
106.5
111.0
106.5
110.8
106.5
110= 9
106.5
110.9
106. 5
110. 9
106.5
110.8
106., 5
111.0
106.5
111.7
106.5
111. 5
106.5
111.5
106.5 ••106.5
111. 1 111. 1
106.5
111.0
106. 5
111.2
145
291
247
LUMBER AND PRODUCTS
LUMBER— ALL TYPES
National Lumber Manufacturers Association :c?Q
Production, total
—
mil. bd. ft—
Hardwoods
- - • do
Softwoods
.
~ ...
-do -
2,879
560
2,318
2,951
491
2,460
3,005
463
2,542
2,959
448
2, 511
3,044
518
2,526
3, 054
520
2,534
3,103
533
2,570
3,204
491
2, 713
3 085
509
2 576
2,738
509
2,229
2,642
441
2,201
2,488
465
2,023
2, 723
485
2,238
3,270
478
2,972
2,981
470
2, 511
2,868
543
2,325
2, 968
524
2,441
3, 124
518
2,606
3 032
505
2,527
3, 112
515
2,597
3,155
518
2,637
3 048
561
2 487
3 050
518
2,532
3 0^8
557
2 541
2 709
'559
2 150
2 556
489
2, 067
2 657
520
2 137
2 807
557
2,250
3 107
550
2 557
3 088
528
2 560
Stocks (gross), mill, end of month, total— do—
Hardwoods
do
Softwoods
—
—...—do
6,518
1,842
4,676
6,393
1,750
4, 643
6,397
1 810
4,587
6,357
1 747
4, 610
6,287
1 752
4,535
6, 203
1 754
4,449
6,412
6 264
1 722 1 693
4, 719
4 542
6 358
1 638
4 720
6,434
6, 389
1 590 1, 536
4,799 4, 898
6,274
1 474
4 800
6,180
1 394
4, 786
6,225
1 312
4 913
6,106
1 250
4 586
Exports total sawmill products —
> do
Imports, total sawmill products
— ... do.. „
73
3445
80
437
72
475
90
445
77
576
95
556
82
478
80
470
78
390
76
405
72
319
270
180
50
377
84
520
76
394
SOFTWOODScfO
Douglas fir:
Orders, new.
.
—
.mil. bd. ft—
Orders, unfilled, end of month. _ _ —
do
691
539
743
566
739
594
713
558
743
520
792
491
695
470
717
442
817
530
690
555
691
607
858
750
550
656
802
676
814
684
690
689
987
747
737
1,062
819
782
1,066
776
749
1, 093
791
781
1,103
763
821
1, 044
730
716
1,059
770
745
1, 084
731
729
1,065
665
666
1,089
625
639
1, 075
663
716
1,038
721
643
1,115
867
782
1,200
820
806
1,215
31
Exports, total sawmill products.— _.___„ ...do__._
12
Sawed timber
__
do
19
Boards, planks, scantlings, etc.....
... do—
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$ per M bd. ft— 79. 92
Flooring, 0 and better, F. G., 1" x 4", R. L.
$perMbd.ft_. 134.22
Southern pine:
Orders, new
_—
—mil. bd. ft—
508
Orders, unfilled, end of month. _ _ _ _ _
__do__
280
31
11
19
27
10
17
41
18
23
29
9
20
39
13
26
29
12
17
'24
7
17
35
13
21
25
10
15
27
7
19
235
225
26
8
17
33
11
22
32
11
21
82. 63
*>82.64
Shipments total
Hardwoods
Softwoods
- -.
- -=. ..-
-
—
Production .
—
..-.
•—_
Shipments
_ _ _ _ _
„
Stocks (gross), mill, end of month.—
do
do
do
;_do—
do
do.. „
2Q
81.14
83.10
82.99
82.03
81.51
81. 52
81. 40
81. 05
79. 75
78. 69
82. 61
83. 41
153. 07
151.90
153.45
153.45
155. 52
155. 52
155.52
155. 52
155. 52
155. 52
155. 52
157.60
529
274
580
306
558
294
573
284
563
267
529
260
536
253
554
265
490
260
459
281
583
357
475
346
568
341
582
381
529
527
557
563
539
570
548
583
557
580
521
536
537
543
520
542
505
495
528
438
500
498
486
566
573
560
1, 335
8, 557
976
7, 581
1,394
8,694
788
7,906
1,363
10,050
847
9,203
1,328
9,692
1, 521
8, 171
1,305
8,400
823
7,577
1,290
1,284
9,496 8,033
800
1 691
7,805 7,233
1,262
8,500
860
7,640
1,272
6,711
532
6,179
1,362
1,355
9,471 2 2, 515
1 187
8,284
1,367
4, 790
1,360
12, 117
1,348
10, 932
92.7
92.7
93.2
92.7
92.9
92.3
92.4
92.9
92.7
92.0
92.3
92. 5
92.6
92.3
95.3
95.4
95.4
95.1
95.1
95.1
95.0
95.3
95.3
95.6
95.6
95. 6
95.6
96.0
880
463
886
484
828
437
904
459
938
485
883
453
913
430
966
434
726
413
848
463
806
479
960
524
889
511
882
871
1, 606
842
898
1,486
884
875
1, 495
865
883
1,477
918
911
1,484
1 003
915
1, 572
1 087
936
1,723
i flfli
962
1,764.
781
747
1,798
809
798
1,809
813
.537 '
fidft
700
1,716
865
1,617
916
1,666
65.49
68 05
69 92
69. 01
67 16
65 52
63 73
63 52
62 63
63 15
63 66
68 41
70 56
901
1,613
j>70 55
_-_do—
2.9
10.8
2.8
2.7
6.5
2.7
11.4
2.4
2.6
6.2
3.1
12.5
3.0
•2.7
7.9
2.8
12.5
2.7
2.6
7.9
3.1
12.2
2.9
3.4
7.3
2.6
11.3
2.4
3. 6
6.0
2.5
11.1
1.4
2.4
4.8
2.5
10.9
2.1
2.3
4.4
2.6
10.6
2.8
2.9
4.3
2.2
10.4
2.0
2.4
4. 2
2.1
10.1
2.3
2.4
4.0
2.5
10.7
2.2
1.8
4.3
2.8
11.5
2.3
2.1
4.6
2.8
12.0
2.5
2.4
4.6
2.3
11.8
2.6
2.4
5.0
Orders, new.—
—__
do
Orders, unfilled, end of month. _ _ _ _ „ _ _ _ — do
Production.
— — __
do
Shipments
_.__
__„
.&Q
Stocks (gross), mill, end of month
...do....
68.3
45.2
69.3
69.1
43.6
68.3
50.4
70.2
.68.7
52.2
69.4
62.3
73.2
72.3
53.4
58 1
54.1
70.3
68.1
54.4
62 5
48.5
72.1
70.4
53.1
74 5
50.4
72,1
72.6
52.6
75 2
53.3
69.0
70.0
50. 1
67 0
48.8
70.2
72.4
47. 9
P.K 7
57 7
35.3
64. 8
62,0
50.4
54 8
35.6
67.0
58.8
54.5
Rf\ S
KQ 9
(•rt ft
39.5
74.3
74.7
47.5
39.4
65.0
62.0
57.5
45.7
60.1
• 54.7
60.2
47.7
64.3
63.7
58.5
n
Production
.
__„ _ _ _ _ _ — _do__
501
Shipments
.____
> do
505
Stocks (gross), mill and concentration yards, end
of month— —
.mil. bd. ft_. 1,380
Exports, total sawmill products.— _M bd. ft— 6,414
Sawed timber.......
______
... do
832
Boards, planks, scantlings, etc--—
do— „ 5, 583
Prices, wholesale, (indexes) :
Boards, No. 2 and better, I" x 6", R. L.
92. 5
1957-59=100Flooring, B and better, F. G., 1" x 4", S. L
95.2
1957-59=100Western pine:
Orders, new.
—mil. bd. ft.-.
840
Orders, unfilled, end of month..
_ _ _ do
383
Production
— — ___
do
832
Shipments...
—„____
_
__do__
840
Stocks (gross), mill, end of month ._.._
_do
1, 654
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over) . .____..$ per M bd. ft__ 67.42
%
Kf\7
158.26 p 158. 19
V79
7«c
HARDWOOD FLOORING
Flooring:
Maple, beech, and birch:
Orders, new
— — _— _mil. bd. ft_.
Orders, unfilled, end of month..
do_
Production
_
____ ___.
"do"""
Stocks (gross), mill, end of month
SSPse(i* tn*/ P^^ary.
i Monthly data beginning 1965 and monthly averages
for 1963 and 1964 are adjusted to. the level of production indicated by the 1963 Census of
Manufactures; revised monthly data will be shown later. 2 See note ''O'' for p S-21
3 Beginning Sept. 1963, data exclude small amounts formerly included.
^Revisions by months
for 1961-62 are shown in Bu. of Census reports M31A (62) and (63)-13; those for 1963 will be
shown later.
f
o
54. 6
64.9
66.2
56.7
cFRevised data will be shown later as follows: Jan. 1961-Dec. 1963 for production, shipments, and orders; Jan-Dec 1963 for stocks; revisions for 1951-62 for stocks appear on p 28
of the Jan. 1964 SURVEY. ©Beginning Jan. 1961^ data for Alaska included in pertinent items.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
June 1965
1964
| 1964
Monthly
average
Apr.
May
June
July
1965
Aug.
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous. sh. tons-Scrap
-do
Pig iron*
...
—-do__ _
182
530
6
273
657
15
218
708
14
256
770
34
300
679
39
333
718
27
330
709
2
259
677
22
298
619
8
265
495
14
348
624
10
••3281
160
••344
3
281
770
3
230
597
5
Imports:
Steel mill products f
Scrap *J
Pig iron*
454
19
55
537
25
63
495
16
29
544
17
78
604
31
99
582
17
90
525
24
95
493
24
48
555
36
101
734
36
75
523
23
49
347
19
29
452
16
32
1,025
18
28
908
21
68
7,243
4,496
2,748
7,351
6,921
7,035
4,331
2,704
6,831
7,129
6,634
4,254
2,379
6,460
7,317
6,864
4,330
2,534
6,766
7,413
7,228
4,532
2,696
7,133
7,510
7,498
4,648
2,850
7,579
7,428
7,218
4,534
2,683
7,372
7,287
7,598
4, 767
2,831
7,542
7,413
30.62
33.50
31.91
34.50
33.22
36.00
37.05
38.00
34.90
36. 00
35.41
38.00
36. 39
39.50
36.98
40.00
36.61
39.00
35.79
38.00
8,918
9,758
3,451
9,448
10, 227
4,752
9,199
11,059
5,070
9,238
10,969
5,062
9,002
10,222
4,717
7, 730
10,201
4,385
5,290
7,678
3, 700
4,459
2,945
3,501
4, 516
1,782
2,192
4,169
1,747
2, 382
4, 780
1,966
2,943
13,4E2
10, 558
621
65,666
18, 501
43, 124
4,041
14,029
10, 019
719
68,868
17, 722
47, 134
4, 012
15,077
10, 002
934
72, 074
15, 861
52, 209
4,004
14,497
10,363
852
74,365
14, 129
56, 343
3, 893
13. 676
10, 270
945
76, 525
12, 910
59, 758
3,857
13, 141
11,069
928
76,367
10, 439
61,831
4,097
11,476
10,900
648
74, 465
8,051
62, 407
4,007
6,249
11,472
309
70,490
9,565
57,184
3,741
3,981 4,053
11,522 10,446
195
3139
65, 179 60, 990
12, 310 14,732
49, 643 43,249
3,009
3, 226
4,748
11, 566
196
56,431
17, 546
36, 431
2,454
32, 350
1,834
-- -
do
do
----- do
Iron and Steel Scrap
7,069
Production and receipts, total— ____thous. sh, tons.. 6,168 6, 994
4,445
4, 360
3,715
Home scrap produced
do
2,624
2,453
2,634
Purchased scrap received (net)
do
7,052
7,340
6,218
Consumption total
do
7,030
*7,344
7,977
Stocks consumers' end of mo
do
Prices,' steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ perlg. ton.. 26,78 *>32. 77 30.36
27.00 "34.70
32.00
Pittsburgh district
do
Ore
Iron ore (operations in all U.S. districts') :
5,731
6,778
Mine production...
thous. Ig. tons.. 6,060
6,876
5,000
6,156
Shipments from mines
do
2,403
2,791
3,535
Imports
do
U.S. and foreign ores and ore agglomerates:
7,323
8,458
9,860
Receipts at iron and steel plants
do
9,801
8, 669 10, 183
Consumption at iron and steel plants. . _.do
568
347
580
Exports
do
73,797
'63,899
r
70,
969
Stocks total end of mo
do
15, 049 r 14, 500 19, 350
At mines
do
53, 376 52,220 '40,260
At furnace yards
do
4,289
5,372
4,249
At U S docks
do
Manganese (mn. content), general Imports^..do
3 110
(13)
35.41 *> 35. 51
'36.75 * 37. 50
3,489
7,081
11,162
516
84
86
105
53
110
80
64
41
92
194
108
t
97
104
71
122
5,993
6,057
7,133
7,198
6,973
7,058
7,435
7,506
7,076
7,063
7,006
7,059
7,158
7,244
7,142
7,262
7,780
7,843
7,674
7,641
7,958
7,955
8, 013
7,312
8,204
7,951
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons..
Consumption
do
Stocks (consumers' and suppliers'), end of mo.
thous. sh. tonsPrices :
Composite
—
$ per Ig. ton..
Basic (furnace)
.
do
Foundry No 2 Northern
do
Castings , gray Iron :
Orders, unfilled, for sale, end of mo.
thous. sh. tons..
Shipments, total
_
do
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of mo.
thous. sh. tons..
Shipments, total
do
For sale
do
2,814
2,501
2,493
2,400
2,501
2,529
2,485
2,404
2,375
2,410
2, 461
62.87
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63. 50
62. 75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63. 50
62.75
63.00
63.50
62.75
63. 00
63.50
62.75
62.75
63.00 * 63. 00
63. 50 v 63.50
783
1,064
591
845
1,193
678
837
1,264
699
859
1,227
678
834
1,245
697
891
1,116
635
902
1,191
731
859
1,255
762
878
1,221
733
841
1,202
726
855
1, 202
682
924
1,241
699
949
1,201
674
968
1,431
820
81
78
44
103
83
49
92
93
52
92
95
54
95
89
49
101
71
44
112
80
48
112
85
52
115
76
54
121
76
47
122
83
49
123
95
54
130
90
50
136
109
61
10, 590
130. 5
10, 561
132.3
11,060
134.1
10, 185
127.6
10,106
122.5
10, 515
127.5
10, 669
133.6
11, 568
140.2
11,292
141.4
11,612
140. 7
11,830
143. 4
10, 866
145. 8
328
153
122
331
162
132
323
154
126
322
162
130
321
141
112
317
137
108
316
157
124
344
163
127
340
154
121
337
163
127
370
158
124
334
159
125
363
187
146
420
130
101
334
137
107
331
131
101
340
136
104
356
112
83
362
115
90
376
133
103
389
135
104
406
128
99
420
139
105
2485
2155
2125
2491
2159
2126
2493
2192
2152
7,079
352
507
708
116
7,359
333
509
737
143
7,271
344
543
699
129
7, 065
385
503
679
129
6,869
334
526
688
105
6,993
352
524
669
89
7,344
361
554
726
96
7,367
386
562
793
99
7,314
418
546
762
108
7,673
401
540
834
129
8,050
385
566
844
132
7,839
414
530
742
135
9,590
469
638
871
163
972
1,140
1,113
1,145
1,100
Bars and tool steel, total.
....do
631
722
734
686
700
Bars: Hot rolled (incl. light shapes)
do
283
224
295
281
269
Reinforcing
do
126
110
124
122
122
Cold finished _
do
759
721
752
587
678
Pipe and tubing....
do.._.
262
299
297
299
259
Wire and wire products
_
do
556
488
544
553
507
Tin mill products
_.
do
2,884
2,587
2,663
2,838
2,852
Sheets and strip (incl. electrical), total.. .do
843
735
750
834
829
Sheets: Hot rolled
do
1,327
1,208
1,209 .1,308
1,311
Cold rolled
__ . do
Steel mill products, inventories, end of mo.:f
9.3
10.0
9.2
9.2
Consumers (manufacturers only)___mil. sh. tons..
9.7
5.3
4.8
5.1
5.2
Receipts during month
do
5.2
5.4
4.7
5.2
5.2
Consumption during month.
do._._
5.0
3.4
3.6
3.6
Warehouses (service centers)
do
3.6
3.7
, Producing mills:
7.9
7.4
In process (ineots, semifinished, etc.)
do
8.4
8.3
8,4
7.6
7.1
Finished (sheets, plates, bars, pipe, etc.) .do
7.6
7.7
7.8
.0715
Steel (carbon), finished, composite price—$ per lb.* .0705
.0715
.0715
.0715
us.
2 ]Reflects a djustme at to ind ustry
' Revised.
* Preliminary.
1 Less than 500 to
levels as derived from complete canvass for 1962. A nnual sh pments for 1962 \v^ere raise,d by
10%, backlog (as of Dec. 31, 1962) by 9%; revisions for 1964 iire pendi ng.
3 See note "0"
for p. S-21.
*New series. Monthly data back to 1953 are {available
1, 066
641
312
106
778
246
576
2,550
743
1,142
1, 109
686
301
114
741
260
538
2,712
788
1,208
1,142
709
304
121
733
273
476
2, 984
879
1, 341
1,182
740
302
131
692
273
430
2,949
867
1, 279
1,145
745
265
126
610
234
399
3,092
862
1,458
1,170
755
266
139
671
227
415
3,286
901
1,572
1,199
848
186
155
601
273
635
3,415
955
1,610
1,157
786
201
160
688
280
636
3,256
929
1,507
1,462
986
262
203
970
369
818
3,829
1,060
1,774
9.5
4.7
4.4
3.7
9.5
4.8
4.8
3.8
9.6
5.4
5.3
3.7
10.0
5. 1
4.7
3.8
10.5
5.5
5.0
3.9
11.2
6.0
5.3
4.1
11.9
6.0
5.3
4.1
12.5
5.9
5.3
4.1
'13.7
7.3
'6.1
4.1
Steel, Crude, Semifinished, and Finished
Steel ingots and steel for castings:
Production
...
thous. sh. tons.. 9,105
Index
....1957-59=100.. 112.5
Steel castings:
Orders, unfilled, for sale, end of mo.
219
thous. sh. tons..
125
Shipments total
do
100
For sale, total
do
Steel forgings (for sale):
2342
Orders unfilled, end of year or mo
do
2129
Shipments total
.
do
298
Closed die (drop, upset, press)
do
Steel products, net shipments:
Total fall grades)
_
.
do
Semifinished products
__._
_ do
Structural shapes (heavy), steel piling-.. do— _Plates
do
Rails and accessories. _ .
_
do
6,296
263
443
603
92
12, 347 '11,966
149.7 '149.9
62.75
12,012
145.6
10,101
489
648
881
166
.
1,534
1,041
279
203
1,040
420
1,026
3, 896
1,182
1,747
» 15. 0
* 7.4
v 6.1
8.6
8.6
8.8
9.1
7.9
* 6.7
8.8
9.0
9.2
9.0
7.5
8.4
7.6
8.3
7.8
8.7
8.6
8.4
p 7.8
8.5
.0715
.0715
.0715
.0715
.0715
.0715
.0715
.0715
.0715
.0715
.0715
1[Be ginning £5ept. 196CJ, imports reflect Eidoption of the U .S. TariflE Sehedul es; data may not
be str ctly coniparable with fig ures for prior per iods.
fEff ective O 3t. 1963 £ URVEY, data for steel convmmers r(jfleot ree alculated estimat 3s based
on quimtity co ^erage fa ctors. Ile visions back to Oct. 196 I appear in the O ct. 1963 SURVEY.
SURVEY OF CURRENT BUSINESS
June 1965
1963 j 1964
Unless otherwise stated, statistics through 1962
nnd descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
Monthly
average
S-33
1964
May
Apr.
June
July
Aug.
1965
Sept.
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.
May
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products
Fabricated structural steel:
Orders, new (net)
Shipments
Backlog, end of year or mo
.thous. sh. tonsdo
do __
387
360
368
377
478
412
347
379
379
374
408
362
355
379
358
309
386
316
2,261
2,300
2,490
2,497
2,599
2,727
2,740
439
351
2,276
2,712
413
365
2,712
2,575
417
294
2 322
3, 751
3,022
3,071
1 273
1 922
1 258
2 026
1 379
2,108
1,334
1,960
1,276
2,159
1,370
2,146
1,248
2,184
1,246
2,262
1, 165
2,036
1,146
1,879
1,154
1,959
1,243
1,711
1 303
1,665
1,281
2,267
384
381
432
467
519
500
426
329
331
318
«-368
343
214 6
63.0
203 7
56.0
216.1
51.0
2172
51.0
211. 3
51.0
218.4
58. 0
214 0
50 0
222.8
54.0
222.7
56.0
203 2
56 0
230 0
12.9
33. 4
46.2
41.7
3.9
5.2
5.0
17.5
15.6
27.7
13.1
107.5
. 2450
97.7
.2450
81 0
.2450
.2450
'614 7
414. 3
196.2
93.3
777 9
528. 5
263. 5
336
375
353
341
Barrels and drums, steel, heavy types (for sale) :
Orders unfilled end of mo
thous
Shipments
do
Cans (tinplafe), shipments (metal consumed),
total for sale and own useO
thous sh tons
r
433
320
381
395
192.7
59.0
212 7
58 0
208.3
69 0
34.7
32 7
41
17 4
35.2
35.6
36.8
40.4
-26.7
44.3
3.4
3.5
25.6
20 3
13.8
20.0
20.4
17.2
14.6
18.9
19.1
17.2
15 1
20.3
105.6
.2262
103 5
2372
93.3
.2350
99.5
.2350
87.0
.2383
92.0
.2400
104.3
.2400
109.9
. 2400
121.4
.2400
116 1
.2410
96.9
.2434
472
NONFERR'OUS METALS AND PEODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous sh tons
Estimated recovery from scrapf
do
Imports (general) :
Metal and alloys, crude --do _•_
Plates, sheets, etc
do
Exports metal and alloys, crude
-do
3.4
Stocks, primary (at reduction plants), end of mo.
thous sh tons
Price, primary ingot, 99.5% mln
$ per lb_.
Aluminum shipments:
Insrot and mill products (net) A
Mill products, total
Plate and sheet (excl. foil)
Castings
mil Ib
do
do
_ do
Copper:
Production:
Mine, recoverable coppert__ thous. sh. tons
Hennery, primary
do
From domestic ores
_
do
From foreign ores
. ___„_
do
Secondary, recovered as refined.
do
Imports (general):
Refined, unrefined, scrap©f _
do
Refined
_ do
Exports:
Refined, scrap, brass and bronze ingots do
Refined..- —..
do
Consumption, refined (by mills, etc.) . __do _
Stocks, refined, end of mo., total
Fabricators'
Price, bars, electrolytic (N.Y.)
„_ do
do
__$ per Ib—
r
r
r
524. 1 r 588 6
354. 8 r 402 9
166. 3 r 189 5
79.4
82 8
4.9
r
608. 8
r
420. 0
' 196. 1
90.1
4.1
r
r
4.6
r
r
599. 6
639. 9
424. 8
406. 5
' 196. 7 '206.8
85.7
87.2
5.4
3.3
•• 574. 6 r 557. 3 r 606. 5 T 576. 0
'409.5 r 392. 1 r 404. 4 r 410. 9
' 186. 2 ' 183. 9 r 186. 5 183.8
82.4
72.2
70.0
76.9
27. 8
3.7
3.8
1
1.1
'536 8
382 4
r
r 171. 4
r 192. 0
80.0
85.2
530. 6
401. 5
187.8
90.1
r
651 0
422. 0
r
f
2
0
0
0
7
111.9
144.9
113.3
31.6
27.0
115.4
147.9
111. 7
36.2
27.0
113.8
153.4
116.1
37.3
28.5
73.9
125.2
94.2
31. 1
27.4
77. 7
110.8
78.1
32.7
27.2
93.1
110.4
83.0
27.4
27.1
115.3
140.4
107.9
32.4
32.0
111 1
134 8
110 7
24 1
26.6
111.7
156 1
121. 9
34. 2
33.7
115.7
146 6
115.0
31.6
31.4
107.1
131 4
107. 0
24.3
31.2
'121. 4
150 1
118.8
31.3
35.4
116.1
150.0
109.5
40.5
35.5
45.1
9 9
48 7
11 5
42.1
10.9
50.6
10.7
48.0
11.4
47.9
12.5
45.5
12.6
51.1
14.1
52.4
36.3
11 4
69.8
14.0
26.2
9.5
45.4
35.5
12.6
65.7
10.8
30 0
26.0
146.2
35 9
26 4
154 9
33.6
28.2
163.8
33.4
25.9
163.9
33.4
25.7
178.5
33.9
25.1
114.4
24. 9
16.4
150.4
33.8
22.7
152.1
40 5
26.8
162. 4
40 2
27 0
148 6
58.0
37.0
160.2
121.5
1 15. 4
166.4
32.7
26. 2
167.5
175.4
96 0
.3060
142 5
94 2
.3196
135.9
88.2
.3160
132.9
86.4
.3160
125.6
90.2
.3160
163.2
116.0
.3160
157.1
108.1
.3160
147.0
92 6
.3223
138. 5
87 2
.3361
144 2
90 7
.3366
149.6
110 0
. 3370
158.2
91.9
. 3360
146.4
83 0
.3360
616
697
101.1
133.0
101.6
31.4
24.0
104
138
105
33
27
6.7
8.2
43.2
63 5
34.7
48.3
P
164.
9
178.5
r
119. 9 ^126.6
74 9 p 79. 3
.3360
.3360
Copper-base mill and foundry products, shipmeijts
(quarterly avg. or total) :
Copper mill (brass mill) products • ... mil Ib
Copper wire mill products©
.
do
Brass and bronze foundry products
._ do
428
239
Lead://
Production:
Mine, recoverable leadt
thous. sh. tons..
Secondary, recovered from scrap©
do
21.1
41.1
23 6
42.8
24.0
42.3
23.5
45.9
24.0
42.3
23.4
41.0
23.5
42.0
22.8
46.1
23.5
46.0
23.4
44. 0
23.3
41.8
24.0
44.3
23.3
45.9
25.8
51.5
31.3
96. 9
27 8
98 9
26.0
97.4
26.4
96.7
32.1
100.6
27.6
91.5
23.2
98.2
23.3
100 9
28.8
104 4
19 2
100 9
26.3
104 8
31. 2
103 0
26.5
98 5
29.8
102 2
21.7
110.2
98.4
109. 2
97.7
94.1
94.0
96.5
92.9
94.4
90.8
98.4
100. 4
99.1
98.9
93.0
56.7
119 9
39. 1
108 8
40.6
120.3
30.1
117.7
29.0
127.5
30.9
132.7
32.9
119. 9
36.5
120 5
40.9
125 7
38.2
115 3
39. 1
108 8
35.6
106 5
34.6
101 0
29.9
103 8
66.4
. 1114
68 6
.1360
70.8
.1300
67.4
.1300
65. 1
.1300
66.5
.1300
63.6
.1301
57.4
. 1400
60.6
.1450
61.8
. 1500
68.6
.1566
74.3
.1600
70.6
.1600
66.1
. 1600
.1600
(2)
3,596
1,861
2,632
1,948
2,046
2,227
1,985
498
2,968
1,695
451
4, 194
1,860
505
2,045
1,890
357
2 407
2,090
312
1 768
1, 875
268
2 422
1, 980
473
1 845
2,035
6,525
4,601
6, 898
4,873
7,285
5,190
7,265
5,235
7, 315
5,130
6, 430
4,805
6,885
5,040
6,750
4,730
285
240
17
2 239
2,035
376
2 908
260
301
2,530
2,130
870
4 183
254
313
2, 272
2,050
6,655
4 620
6,190
4 245
6, 795
4 680
7,090
4 900
6, 970
4 980
7,905
5 775
Exports, incl. reexports (metal)
— do
135
Stocks, pig (Industrial), end of mo§
— _do
25, 610
Price, pig, Straits (N.Y.), prompt
$perlb__ 1. 1664
328
21, 909
1.5772
1,079
20, 120
1. 3351
19, 600
1.3485
90
403
1251
23 655
1. 5726
219
567
611
24 035
1. 5498
25 250
1. 6498
1.8067
Imports (general), ore©, metalf
Consumption totalj
- -
- -
— _do
do
Stocks, end of year or mo.:
Producers', ore, base bullion, and in process©
(ABMS)._.
thous. sh. tonsRefiners' (primary), refined and antimonial
(lead content)
thous. sh. tonsConsumers' cf
do
Scrap (lead-base, purchased), all smelters
thous. sh tons
Price, common grade (N".Y.)___
_$perlb__
Tin:
Imports (for consumption):
Ore©__
„
Ig. tonsBars, pigs, etc.
do
Estimated recovery from scrap, total©—, do
As metal
_.
do
Consumption, pig, total
——do
Primary..^
—
do
Zinc://
Mine production, recoverable zincj
thous. sh. tonsImports (general) :
Ores©f
do.
Metal (slab, blocks)?—.. .____..
do...
Consumption (recoverable zinc content) :
Ores©
___•_,
.do
Scrap, all types
.............do— ,
r
255
732
(2)
235
343
260
485
256
260
220
245
519
267
300
290
160
18, 560
1. 5060
311
18, 480
1.5965
162
22, 635
1. 6167
182
23,225
1.8538
20 420
2.0461
275
21 285 24 343
1. 9027 1.6311
r
706
r
275
47.7
47.0
46.9
46.9
47.7
49.3
46.8
50.3
47.4
47.5
50.5
49. 3
55.2
53.5
29.8
27. 6
9.9
9.7
35.9
33 5
29.1
8.9
7.9
28 9
24 6
29 8
32 9
9.6
30 5
12.3
9.4
29 1
12.1
30 8
15.1
48 3
25 9
18.3
8.7
8.2
7 2
16.9
85
17. 1
8 7
16.2
80
16 7
76
16 9
85
16 6
8 0
16 8
87
16 6
86
16 9
8C
16 7
10 5
17 6
17.0
16.7
2
9.1
9.6
9.3
.1600
240
44.1
89
17.1
.3545
513
31.1
12.1
Revised.
» Preliminary.
i See note "Q" for p. S-21.
See note "© " for this page.
©Reflects new factors to derive tonnage equivalent (1963, 23.5 base boxes per ton of steel:
1962, 23.2 boxes); revisions back to 1961 are available.
fEffective Dec. 1964 SURVEY, data for all periods represent estimated industry recovery
of aluminum (excluding alloying constituents).
ABeginning Jan, 1962, net shipments of ingot derived by new method to include imports
not previously included; revisions back to Jan. 1961 are available. JRevisions for 1962 are in
the Sept. 1963 SURVEY: those for 1st half 1963 are available upon request.
664
699
521
281
498
266
.2450
r
7.2
1.9195
©Basic metal content (for tin ore, Sept. 1963 through Apr. 1964 data are in terms of gross
weight).
fSee similar note, bottom p. S-32.
'/Beginning Aug. 1964, data reflect sales to the industry of metal released from the Government stockpile.
cf Consumers' and secondary smelters' stocks of lead in refinery shapes and in copperbase scrap.
§Stocks reflect surplus tin made available to industry by GSA.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
Monthly
average
June 1965
1964
Apr.
May
June
July
Aug.
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr..
May
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PROD.— Con.
Zinc— Continued
Slab zinc: ||
Production (primary smelter), from domestic
74.4«
80.6
and foreign ores
thous sh tons
5.3
5.0
Secondary (redistilled) production
do
92. 1 ' 100. 6
Consumption fabricators'
do
2.2
2.8
Exports
--__do
Stocks, end of year or mo.:
32.
0
47.9
Producers', at smelter (AZI)A
..-.do
103.0
92.1
Consumers'
do---.1357
.1200
Price, prime Western (St. Louis)
$ per lb._
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, shipments:
Cast iron
__mil. sq. ft. radiation..
.9
1.0
9.4
Nonferrous*
- --_do
9.2
Oil burners:
47.3
Shipments
—
— _thous__
48.8
42.6
Stocks, end of year or mo
—_—
do- —
42.2
Stoves and ranges, domestic cooking:
183.3
Shipments, total (exel. liquid-fuel types) . —do— _ 176.0
180.9
173.1
Stoves, domestic heating, shipments, total. ..do—
Gas
—
-do
Warm-air furnaces (forced-air and gravity air-flow),
shiDmentSj total-_thous__
Qaq * '
_,
do
Water heaters, gas, shipments
______
do—
84.8
5.3
98.3
3.6
80.9
5.2
99.5
2.7
78.9
4.9
94.7
4.4
80.7
5.4
100. 9
2.6
77.6
4.8
108.6
4.1
81.8
6.3
109.6
1.6
80.0
5.8
100.4
.1
80.2
5.9
102.8
,3
79.2
6.0
106. 9
.8
75.8
6.2
104.3
.6
83.2
6.7
118. 7
.5
43.5
89.4
.1332
38.0
85.6
.1350
30.4
87.2
.1350
25.7
89.5
.1350
29.5
83.5
, 1350
30.6
99. 1
.1350
33.9
103. 0
.1399
36. 4
98.0
. 1450
32.0
103.0
. 1450
34.4
93.5
.1450
28.4
'87.1
.1450
22.9
79.6
.1450
.8
7.0
.5
8.1
.7
9.9
.7
9.0
.9
10.5
1.2
13. 6
1.3
12.9
.8
9.6
.7
8.8
.6
8.2
.8
7.3
.8
8.3
36.6
49. 8
38.5
54. 5
48. 1
59.5
42.8
54.4
62.0
50. 5
66.7
46. 2
62.9
41.9
50.6
39. 5
^35.4
42.6
44.8
38.2
38.4
'39.5
46.1
41.7
195.4
193.5
173.1
171.1
189.7
187.2
162.1
159.6
196.3
193.5
203.9
200. 7
205.0
201. 4
174.6
172.5
174.1
172.1
150.7
167. 0
206.9
161. 9
101. 5
150.9
102. 3
89.6
53.4
100.6
60.8
171.0
122. 6
205.4
142.8
222. 4
158. 7
231.9
160.4
283.7
194.9
132.9
92. 5
98. 6
70.6
49.9
' 48. 1
87.1
117. 8
95.3
200.3
118.8
96. 8
223.3
99. 7
84.3
237.7
96.1
80.4
198.9
111.6
93.1
215.0
120.5
100.7
213. 2
139.7
111.3
213.0
169. 1
131.3
230.7
170.2
134. 6
256.5
121.9
97.0
190.5
106.3
87.9
194.2
104. 3
85.2
210. 0
'99.5
'79.1
230. 4
101,5
81.6
225. 4
MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, qtrly. totals:
Fans and blowers new orders
mil. $__ ' 1 41. 1 145.6
Unit-heater group, new orders
_ _ _ _ _ . _ _ _ d o _ _ _ _ 115.7 1 18. 7
Foundry equipment (new), new orders, net
mo. avg. shipments, 1957-59=100.. 131.9
218. 6
Furnaces (industrial) and ovens, etc., new orders
8.2
9.6
(domestic), netf
—mil. $..
1.1
1.1
Electric processing.
__do__._
3.4
Fuel-fired (exc. for hot rolling steel). _„
do—
4.8
Material handling equipment (industrial) :
Orders (new), index, seas. adj_
1957-59=100-Tndustrial trucks (electric), shipments:
83.7
4.7
100.0
2. 6
'18.1
242.6
244.1
7.4
1.2
3.8
7.4
1.0
3.7
7.5
1.2
3.2
9.2
.9
3.6
221.4
' 45.0
'18.1
46 1
25.4
r 49. 3
176.0
1.2
20.2
25.2
. 1450
.1450
46.5
14.4
157.8
122. 1
201.6
358.5
380.8
407.3
249.0
374.1
10.8
1.0
6.8
11.1
L2
5.3
13.7
1.8
6.4
8.3
1.1
4.1
13.6
1.4
5.6
13.8
1.3
5.1
11.9
1.9
5.5
16.0
4. 3
7. 5
9.4
1.7
4.6
138.2
157.7
135.0
138.9
153.0
147.4
155. 2
150.6
163.1
169.3
139. 9
184. 9
Rider-tvpe
.- do
Industrial trucks and tractors (internal combustion
engines), shipments-.
:
. number--
547
581
574
594
581
510
581
523
653
636
581
519
473
585
555
632
604
688
585
671
724
694
564
566
572
627
629
808
540
663
2, 434
3,014
3,032
2,961
3,109
3, 003
2,730
3, 127
3,316
3,208
3,762
2,944
3, 176
3,445
2,604
Machine tools:
Metal cutting tools:
Orders, new (net), total „
mil. $__
Domestic
do
Shipments, total-._ __do
Domestic...
do
Estimated backlog-__.._ ...
months..
59.50
47. 50
49.90
41.10
5.2
81.35
67.40
65. 95
53.05
6.6
91.55
79.55
64.85
52.35
6.7
85.00
70.10
70.75
57.50
6.6
100. 10
83.35
73.80
62.25
6.6
78. -10
66.50
60.00
51.70
6.7
73.80
62.65
60.90
51.20
6.8
83. 60
68.00
72. 30
56.85
6.9
81.00
67.70
71.65
54.40
6.8
69.95
57.85
65.65
52. 75
6.8
81.05
70. 75
86.50
70. 35
6.3
81.85
72.95
68. 10
58.55
6.5
91. 40
78.00
70. 35
60.45
6.7
' 97. 80
' 86. 65
' 90. 30
' 77. 75
6.6
91.10
80.90
74.40
64.65
6.6
18.10
15. 90
15.30
12.80
4.7
32.35
29.40
19.00
16. 70
9.9
45.80
43.30
19. 80
18.25
8.9
32. 55
30.35
18. 20
16.50
9.3
63.10
56.95
21.40
19.85
1.0. 8
15.80
27.90
25.45 , 14. 90
17.35
18.80
14.10
16.30
11.1
10.8
25.40
20. 55
15.90
13. 10
11.1
22.75
19.45
21. 15
18.70
11.1
23.95
20.40
20. 35
18. 10
11.2.
38.25
36.35
24.20
22. 00
10.9
20. 00
18, 45
21. 20
19. 60
10.5
22. 50 '24.95
20. 55 r 23. 30
27. 65
24.55
25.10
22.80
10.2
' 9.7
20. 20
17.70
21.35
19.50
9.5
317. 2
93.4
20 4
237.8
234.7
2 42,6
269.2
267.7
2
2,361
2,215
Metal forming tools:
Orders, new (net), total
Domestic
. Shipments, total
Domestic
Estimated backlog..
:
mil. $__
do_
do
do____
months..
Other machinery and equip., qtrly. shipments:
Construction machinery (selected types),
total 9-—
—
-mil. $_.
Tractors, tracklaying, total
;___
do
Tractors, wheel (con. off-highway). __ do
Tractor shovel loaders (integral units only),
wheel and tracklaying types -__„
mil. $__
Tractors, wheel (excl. garden and contractors'
off-highway types).. _.
mil. .$_
Farm machines and equipment (selected types),
excl. tractorsO
mil $
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), shlpments____thous._
Household electrical appliances:
Ranges (incl built-ins) sales totalt
do
Refrigerators and home freezers, output f
1957-59=100..
Vacuum cleaners, sales billed. __
____thous__
Washers, sales (dom. and export)....
do
Driers (gas and electric), sales (domestic and"
export).—.—..
_
— .thous..
128.7
152.0
i 312. 3 i 375. 4
'•78.6 '98.1
'23.0 V28.0
472. 2
119.6
37.2
367.6
105.0
27 2
173.6
187.8
109.Q
* 83 6
72.6
'150.9
' 169. 8
199.6
120 4
142 1
i 210. 3 i 238. 6
266. 5
219 8
190 6
2S653
155.8
2,442
163.8
127. 8 » 141.9
375. 6
353.9
329. 1 349. 1
133.0
152.2
1, 602
157.4
1,591
153,4
1, 816
163.7
142.7
2,631
152. 3
2,999
172.7
3,550
165.0
3, 057
165.9
3,594
187.6
151.2
83. 3
' 1, 769
1, 684
171.9
205.5
161. 7
162.0
397.8
298.0
91.9
151.5
383.8
299.2
150.9
337. 8
300.8
163.0
335.2
345.8
128. 5
294.9
351.6
102. 3
389. 9
384. 7
158.3
435. 1
462.0
118.9
437.9
391.0
152. 2
409.6
333.8
141. 3
372 .4
316. 1
135.9
377.9
309. 5
161. 5
416.7
333. 6
168.4
495.2
390. 0
90.2
71.6
90.5
126.1
172.0
248. 4
233.8
199.4
193.1
145.5
152.3
145.8
Radio sets, production §_.
do
1, 523. 5 1, 598. 0 1, 337. 4. 1, 410. 7 31,770.9
Television sets (incl. combination), prod.§.._do____ 594.2
797.5 712.7
584.2 3835.5
Electron tubes and semiconductors, factory sales 0"
54. 4
73.6
52.4
51.4
mil. $
53.9
Insulating materials, sales, index. ... 1947-49=100
161
148
163
154
165
Motors and generators:
New orders, index, qtrly
,_
do
1151
1178
186
New orders (gross) :
Polyphase induction motors, 1-200 hp._mil. $__
12. 4
15.3
14.4
15.2
17.9
D.C. motors and generators, 1-200 h p _ _ _ _ d o _ _ _ _
3.0
2.6
2.8
3,5
3.6
'Revised.
*> Preliminary.
i Quarterly
average.
2 For month shown.
3 Data
4
cover 5 Weeks; other months, 4 weeks.
Quarterly index.
||See note "II", p. S-33. AProducers' stocks, elsewhere, end of May 1965, 7,100 tons.
*New series. Shipments (from The Institute of Boiler and Radiator Manufacturers)
represent the following approximate percentages of total industry shipments: Convectors,
90 to 95%; radiators and baseboards, 80 to 85%.
9 Includes data not shown.
(^Includes data for built-in gas fired oven-broiler units. Shipments of cooking tops, not
in eluded in figures above, totaled 30,900 units in Mar. 1965.
2,269
199.4
1,055.5 1, 633. 4 32,193.8 1,692.8 1, 700. 0 81,961.6 1, 702. 1 1, 825. 4 32.306.0 1, 782. 2 1, 795. 1
746.1
763. 0
745.1 850.9 3996.0
913.8 » 931. 6
705. 8 31,052.7
956.3
517. 4
44.1
136
54.1
160
60.2
167
59.4
170
57.1
163
58.7
181
14.8
2.6
14.9
2.8
176
f
15.8
2.5
15.5
2.7
15.8
2.5
18.1
4.5
55. 2
55.0
14.7
3.2
16.4
3. 4
64.5
197
4
205
191
18.9
4. 1
19.5
3.2
fAs reported by the Industrial Heating Equip. Assoc. for member companies, including
orders (not shown separately) for indust. ovens, atmosphere generating and combustion
equip., and miscel. items. Monthly data back to 1958 are available.
0 Re visions for
1962 appear in the June 1964 SURVEY.
1 Revisions for 1961 are available.
JRevisions for 1962-6 3 appear on p. S-34 of the Apr. 1964 SUBVEY.
'
, .. . .
§ Radio production comprises table, portable battery, auto, and clock models; beginning
Jan. 1964, data for television sets include color sets.
0See similar note, p. S-35,
SURVEY OF CUERENT BUSINESS
June 1965
1963
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1964
| 1964
Monthly
average
S-35
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
1,262
1, 045
Mar.
Apr.
May
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
—-
.
Bituminous:
Production
—
279
••1,370
131
1,387
84
'•1,560
151
1,789
171
158
29.39
13.361
13. 895
31.40
13.195
30. 69
13.195
30.30
13. 195
13.699
13. 699
13.699
14. 196
14.196
14. 196
14.441
14. 441
38,244
40,167
38, 592
38, 900
41, 613
31, 987
41, 949
43, 275
45, 439
41, 463
42,959
39, 390
1 37, 29
1, 522
thous. sb. tons.
Prices:
Retail stove composite
$ per sh. ton
Wholesale chestnut f.o.b mine
._ _do___
_>_»thous. sh. tons.
Industrial consumption and retail deliveries,
total 9
- __-—
___thous. sh. tons_
Electric power utilities
do
Mfg and mining industries, total _
do
Coke plants (oven and beehive)
..do...
1, 127
34, 102
17, 420
14, 684
6, 469
35,918
18, 586
15, 640
7,388
33,055
16, 666
15, 303
7,045
32, 702
16, 757
15, 324
7,537
33, 218
17, 997
14, 568
7,350
33,764
18, 794
14, 237
7,447
1,962
1, 635
1,030
518
562
655
Stocks, industrial and retail dealers', end of
month, total 9
•—
thous. sh. tons__ 65, 692
Electric power utilities__.____
« _ _ _ d o _ _ _ _ 46, 139
Mfg and mining industries, total _ _ „
do — 19, 103
Oven-coke plants
do
7,373
63, 842
48,762
20, 149
8,665
65, 043
45,045
19, 743
8,411
68, 619
47, 886
20, 420
8,841
70, 700
49, 331
21, 012
9,375
65,616
46, 921
18, 306
7,461
Retail deliveries to other consumers
do...
1, 245
142
1,240
128
34,613 34,470
18, 685 18, 013
14,774 ' 14, 864
7,457
7,482
1, 066
1, 501
67,682 71, 892
48, 443 51,279
18,823 20, 185
7,976
8, 643
1,275
120
1,278
78
1,348
61
132
1,305
1, 171
42
23
45
14. 441 ^13. 401
f
43, 15
41, 605
42, 813 38, 687 41, 394
21, 471 19, 608 21 134
18, 517 16,346 r 17, 887
8,215 ' 7, 554 '8,845
35, 877
18, 323
16, 490
8,155
r
r
37, 415
18, 682
16, 449
7,964
36, 964
18, 678
16, 355
7,870
41,848
21,174
17, 768
8, 156
2,190
1,851
2,906
2,825
75, 153
53, 697
21, 061
9, 343
77, 283
54, 785
22, 087
9,873
75, 342
52,661
22,305
10, 081
70/435
49, 195
20, 930
9,517
2,370
1,019
67,141 "•64,923
46, 589 44, 670
20, 296 »-20,070
9,225
9 424
65, 483
44, 973
20, 343
9,570
2,743
450
366
255
313
357
389
416
428
395
411
376
310
256
183
167
Exports
do
3,923
Prices:
Retail, composite.. __
,^_.._$ per sh. ton.. 17.46
Wholesale:
Screenings, indust. use, f.o.b. mine... __do._~ 24.748
Domestic, large sizes, f.o.b. mine
__do____ 2 7. 014
3,997
3,523
4 551
4,617
4,038
5,250
4,263
4, 973
3 718
3, 791
12,218
2 675
3 040
4 268
17.76
17. 31
17.23
4.798
6.895
4.807
6. 524
4.832
6.482
4.840
6,513
4.832
6.657
4.829
6.800
4.814
6.987
4.810
7.016
4.810
7.094
4.810
7. 144
4. 788
7.176
4.789
7. 175
••4.785
6.960
*4,795
P6.654
81
4, 442
1 344
98
5,075
1,405
88
4,855
1,366
90
5, 192
1 409
79
5, 037
1 436
67
5,164
1,501
90
5, 138
1, 415
105
5,141
1,349
115
5, 476
1 382
138
5 370
1 354
154
5,564
1,412
156
5,603
1,496
150
5,128
1 406
••181
5 732
1 507
157
5,569
1 448
2, 972
2 275
2,392
1,982
410
1,354
45
2,421
2,008
413
1,359
25
2,337
1 909
429
1,379
83
2,281
1,862
2,357
1,878
479
1, 379
59
2,359
1,915
2, 346
1 973
2 211
1 888
*323
1 375
1,975
1,713
1, 855
1 634
40
2,353
1,876
477
1,417
61
1,359
62
36
1,461
i 59
1,656 *• 1 424
1 485
1 277
r 147
171
1,507
1 508
1,718
2. 92
270. 1
87
1,566
2.92
258.4
84
1, 542
2 92
267.6
84
1,730
2.92
268. 0
1,819
2.92
281. 7
1,892
2.92
281.0
1,945
2.92
269.1
1 836
2 92
262. 6
1,662
2 92
279.8
1,455
2 92
277.1
85
88
87
Retail dealers
.__..__,_____.,..
do
_
COKE
Production:
Beehive,—.——-_ - _ _ _ — thous. sh. tons.Oven (byproduct) _ _ _ _ _ _
____
do
Petroleum coke §
do
' Stocks, end of month:
Oven-coke plants, total.
_._____„
_do____
At furnace plants.
do
At merchant plants
_
do
Petroleum coke
____do
Exports
do
697
1,200
38
419
1, 393
444
1,339
36
373
1,324
63
262
221
1 313
r
57
74
1 554
2 9?
250. 3
1 522
2 92
275.2
86
1, 226
1 095
131
'
59
P
2 92
PETEOLEUM AND PBODUCTS
Crude petroleumOil wells completed...
_ _ _ _ _ _ _ _ n u m b e r _ _ 31,691
Price at wells (Okla.-Kansas).....
$ per bbl . 2.93
Runs to stills.
—.____
mil. bbl._ 264. 2
87
Refinery operating ratio.—
— % of capacity..
All oils, supply, demand, and stocks:?
New supply, total..
mil. bbl_.
Production:
Crude petroleum
.__..__
do
Natural-gas liquids, benzol, etc.— .____do__ _.
Imports:
Crude petroleum
_
— __do—
Refined products
_
do
Change in stocks, all oils (decrease,— )_.__ do_-_-
87
88
88
87
1 705
2 92
273. 3
86
87
327. 4
337.7
335.4
334.3
321.9
340. 2
335.5
325.0
343.9
330.3
350.5
362.4
' 327. 1
366.4
229.4
33.4
233.8
35.0
233. 1
34.0
235.8
34.4
228. 3
32.9
233.7
34.5
232.6
34.9
227.9
34.7
237 3
35,6
230 7
35.5
242 3
37.0
240 9
37.0
218 6
34.3
243 8
38.4
34.4
30.2
36.6
32.4
33.1
35.2
36.0
28.2
34 4
26. 3
1.1
43 8
28.1
12.9
40.7
27.2
16. 6
36 9
25. 6
39 2
31 8
L8
34 1
30 0
4. 2
31 7
39 5
-43.2
37 3
47 1
-15.2
32 7
f 41 5
—22.1
41 4
42 8
—11 3
g4Q 2
077 7
/«v
/n\
W
.1
.3
8.8 - 24.7
3.2
Demand, total. _ _ _ _ _ _ _
_. _
Exports:
Crude petroleum
Refined products
______________
Domestic demand, total 9 _ .
Gasoline
Kerosene...
_
..____.
do
327.3
337.4
326. 6
309 7
320 8
327 3
319 0
321 g
342 1
326 1
393 8
378 7
do
do
do
do
do
.1
6.2
320.9
4
.1
6.0
.1
6.4
2
5.7
303.8
2
64
1
6.7
.1
6.0
1
I
0
'•j '
1
62
387.4
4 7
' 344. 4
119 6
12.0
63
371.3
140 4
11.0
Distillate fuel oil......_..._..___...
Residual fuel oil. ......
Jet fuel..
,
_.
do
do
do
86.0
58 9
14.8
83.2
fin 1
17.2
3.2
3.5
24.3
4.3
4.8
25.2
801.9
230.3
27.7
544. 0
790.6
239. 6
26.3
524. 8
Lubricants..
——________
Liquefied gases—
Refined petroleum products:?
Gasoline (incl. aviation) :
Production
______
..__
Exports
—______._
__„.__
Stocks, end of month. __ __
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
462.3
444.9
9.6
62.4
46. 3
9.9
3.6
*19. 7
56
316.2
145. 6
13.7
65
335.6
147 8
15.8
54
320.7
131 5
15.1
145 5
20.7
50
372.5
s 125 0
513.0
314.2
153.5
10.3
59.6
48.2
10.3
46.8
37.5
10.4
43.8
35 7
11.9
41,2
38 2
10.3
41.4
36 7
10.7
48. 1
38 3
10.6
56.8
45 1
9.8
65.9
45 7
9.7
94.5
61 2
7.3
92.2
65 9
518.7
3.8
10. 0
20.4
4.4
7. 1
16.9
3.6
11.9
15.8
4. 3
15.5
15.7
4.0
16.7
17.6
3.7
16.7
18.6
3.9
15.5
18.8
3.7
13.9
20.9
3.6
7.9
2L9
3.4
3.9
29.0
3.9
3.5
25.7
831.1
246 9
33.8
4
550. 4
844.7
242 5
38.7
563 5
818. 0
253 9
34.1
530 0
842.7
257 3
38.9
546 5
843.9
251 2
42.5
550 1
856.7
246 3
45.0
565 3
873.3
876. 5
878.2
882. 5
46.6
7
46.8
KQC Q
46.1
43.2
839. .2
230. 1
35.7
573. 5
824.0
230. 2
31.0
562.8
4
135. 4
.6
192.8
142. 2
7
201. 5
133. 9
4
214. 7
140. 1
5
210.9
140. 5
7
198.5
149.7
10
191. 4
149. 4
8
190.9
142. 5
5
188.6
145.9
141.4
187. 2
197.2
.109
.102
.095
.103
.105
.093
.090
.105
201
200
907
9fl1
4
195
. 105
196
—, ™.
Preliminary.
1 See note "O" for p. S-21.
2 Data beginning Jan 1963
not entirely comparable with those for earlier
periods.
3 Beginning Jan. 1963, data exclude
4
condensate wells formerly included.
See note 1 for p. S-36.
s Beginning Jan. 1965,
gasoline excludes special naphthas; aviation gasoline represents finished grades only (alkylate
excluded) ;(X)mmercial jet fuel (formerly included with kerosene) is now included with jet fuel.
6 Less than 50,000 bbls.
9 Includes data not shown separately
312. 8
150. 1
12.8
144.9
11.1
4
.do....
Stocks, end of month, total. _ _ _ _ _
do
Crude petroleum—
_
do"
Natural-gas liquids
_ _ _ _ _ _ _ _ _ _ _ do
Refined products
_
do
320. 1
140.6
12.6
320. 5
156.7
12.3
do
_
136. 0
14. 4
331. 2
142.0
14.9
907
KQQ
Q
7
r
r
147.3
145. 6
130. 5
199. 5
213. 9
225,0
139.7
.3
224.9
« 113
.113
., 113
.113
.110
. 202
.202
.198
.192
.212
7
*>.H3
.208 ....
§ Includes nonmarketable catalyst coke.
^Revised data for months of 1962 appear on p. 28 of the June 1964 STTBVET..
NOTE FOR ELECTRON TUBES, p. S-34-© Beginning Jan. 1964, excludes sales
of receiving tubes; 1963 sales of such tubes averaged $22,800,000 per month.
SURVEY OF CURRENT BUSINESS
S-36
1963
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1964
1964
Monthly
average
June 1965
Apr.
May
June
July
Aug.
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products}:— Continued
Aviation gasoline:
Production
mil bbl
Exports
do
Stocks end of month
do
Kerosene:
Production
do
Stocks end of month
do
Price, wholesale, bulk Tots (N.Y. Harbor)
$ per gal
Distillate fuel oil:
Production
mil hbl
Imports
do
Exports
do
Stocks end of month
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gal
Residual fuel oil:
Production
mil bbl
Imports
do
Exports
do
Stocks end of month
do
Price wholesale (Okla No 6)
$ per bbl
Jet fuel' (military grade only) :
Production
mil bbl
Stocks end of month
_
do
Lubricants:
Production
. '.
-do __
Export^
do
Stocks end of month
_
do
Price, wholesale, bright stock (midcontinent,
f o b Tulsa)
$ per gal
Asphalt:''
."""""
"
Production
mil bbl
Stocks end of month
do
Liquefied petroleum gases:
Production
do „
Transfers from gasoline plants
do
Stocks (at plants, terminals, underground, and
at refineries) end of mo
mil bbl
Asphalt and tar products, shipments: t
Asphflt roofing total
thous squares
Roll roofing and cap sheet
do
Shingles all types
_
do
Asphalt siding.
Insulated siding
Saturated felts
_._.
___
do .
do
_. thous. sh tons
" '
10.4
.4
10.7
10.7
.5
9.4
10. 2
.2
10.3
10.5
.4
9.9
10.8
.5
9.2
11.7
.6
9.0
11.6
.6
8.9
11.2
.3
8.5
10.1
.5
8.1
10.1
.5
8.7
10.9
.6
9.1
44.7
4
.8
4
8. 2
3.8
.2
8.5
4.0
.3
8.8
1 13. 8
*31.7
14.1
33.4
12.5
29.1
11.7
30.5
11.6
32.8
12.7
34.4
13.4
36.0
13.9
37.3
15.3
37.9
15.0
38.6
17.3
36.2
49.7
424.0
8.7
20.7
8.4
18.1
.102
.096
.096
.094
.093
.093
.093
.093
.093
.095
.099
.101
.101
.101
163.8
.8
1.3
135. 8
61 8
1.0
.5
143. 5
57.6
.8
.3
97.8
60.8
.7
.3
112.2
61.1
1.0
.3
130.3
64.2
.6
.4
153.6
62.0
.9
.2
175.0
59.4
.9
.6
186.7
59.0
.8
.5
189.4
58.7
.6
.3
182.6
66.2
1.9
.4
155. 8
66. 2
1.1
.4
130.6
60.1
.8
.2
105.3
61.5
1.4
.6
84.6
1
/
p .095
092
086
086
084
.083
.083
.083
.083
.083
.085
.089
.091
.091
.091
P .087
i 23 0
22.7
1.3
148 6
1 57
22 3
24.7
1.6
42 7
1 50
21 2
28 0
2.0
38 5
1 35
20 8
19.8
-1.4
40.5
1 35
19 5
17.7
1.9
40.4
1 35
21 6
20.5
1.5
43.0
1.35
21 1
18.4
1.5
44.6
1.35
21 3
18.9
1.5
45.4
1.35
22.5
24.7
1.9
45.9
1.50
23.5
23.3
1.3
46.1
1.65
25.7
30.9
1.5
40. 4
1.80
25.9
38.7
1.5
38.3
1.80
23.3
34.2
1.7
35.7
1.80
25.4
34.7
1.6
34.4
1.75
»1. 75
83
9.4
90
9.3
89
9.2
9.5
9.3
99
8.6
10 0
9.5
10 4
10.7
8.9
9.6
8.7
9. 1
8.7
8.9
8.2
9.9
4 14.9
417.7
13.7
18.7
16.0
19.2
5.3
15
13.7
5.3
15
13.5
53
20
13 3
5.4
1.3
13.8
5.2
1.6
13.1
5.4
1.6
12.9
5.4
1.7
12.9
5.3
1.2
13.0
5.4
1.7
13.0
5.3
1.5
13.3
5.7
1.5
14. 1
4,9
1.3
13.9
4.9
1.1
14.4
5.5
1.6
14.0
270
270
270
.270
270
.270
.270
.270
.270
.270
.270
.270
.270
.270
93
16 7
96
16 9
80
22 3
11 2
22.0
12 7
20 2
13 6
17.8
13 7
15 4
12.5
12.8
11.7
11.1
82
11.7
6.1
14. 2
5.7
16.9
57
19.4
7.4
22.4
14.7
15 2
4.9
15 6
48
12 3
5.2
11.5
5.1
11 4
5.1
12.8
4.9
14.0
4.6
14.1
4.9
16.3
4.6
17.1
5.1
22.9
4.8
20.8
4.8
19.2
4.8
20.1
130 2
35 2
29 4
34.9
39 5
42.3
43.9
44.3
43.6
40.6
31.8
26.8
23.2
21.4
5 372
2 009
3,363
5 932
2 192
3 745
5 719
2 042
3 677
6 921
2, 389
4,532
7 586
2 545
5,041
7 870
2,819
5,052
7,212
2, 725
4,487
7 396
2, 811
4,585
7, 378
2,891
4,487
5 258
2 114
3,144
3,587
1,407
2,180
3 404
1,416
1, 989
66
70
82
60
57
83
50
57
74
49
65
82
55
75
95
65
74
99
64
68
97
77
75
91
85
82
91
71
47
74
48
27
59
45
25
64
47
23
70
49
38
91
P. 270
3 880 ' 5 545
1, 529
2,317
2,351 3. 228
PULP, PAPER, AND PAPER PRODUCTS
PULP WOOD AND WASTE PAPER
Pulpwood:
Receipts
„ .thous. cords (128 cu ft )
Consumption
.
do
Stocks, end of month......
do
Waste paper:
Consumption __
thous sh tons
Stocks, end of month
_
do
3,835
3,870
5 124
4 064
4 027
4 763
3 843
4 119
4 690
3 992
4*213
4 4.28
4 120
3 952
4*478
4 186
3 898
4 660
4 254
4 151
4,620
4 145
3 823
4 924
4 220
4 273
4 807
3 801
3? 977
4 769
3 841
3 829
4 875
4 180
4 234
4 893
3 789
3 925
4 818
4 158
4 293
4,809
4 038
4 268
4 695
796
501
783
480
821
476
803
468
795
467
686
485
827
476
797
474
861
468
787
482
737
522
789
507
784
498
885
497
831
523
2 510
114
2 645
2 821
'l29
1 729
9 fiftR
2 624
2 585
234
2 545
*106
I 529
'222
O1Q
226
2 706
'l06
1 634
'246
289
323
128
252
do
do
do
do
8 713
78
749
270
392
87
Exports, all grades, total
_.
Dissolving and special alpha...
All other..
.. _ _ d o
do
do
118
44
75
Imports, all grades, total..
Dissolving and special alpha...
Allother
_
do
._ ____do
do
WOODPULP
Production:
Total all grades
Dissolving and special alpha
Sulfate
—
Sulfite
_
2 544
9 701
121
1 602
120
1 708
1 516
208
1 699
'230
1 584
'215
319
127
242
346
130
264
321
131
268
314
131
253
335
125
274
305
122
242
336
121
261
323
128
256
777
293
394
90
725
263
377
85
7qfj
275
381
80
728
268
381
80
738
233
414
92
743
276
387
754
294
373
80
736
273
381
82
722
268
376
78
141
62
79
143
36
107
134
55
79
121
46
75
112
42
70
152
59
93
5 73
58
76
32
44
176
67
109
147
58
90
256
23
233
227
23
204
256
22
235
261
22
230
21
209
257
24
909
257
26
901
210
16
194
244
23
221
300
26
265
251
25
226
3,515
3,553
3 445
1 AQA
1 547 1 524
1 662 1 648
1 615
11
12
12
11
12
296
312
333
331
333
'•Revised.
^Preliminary,
i Beginning Jan. 1963, data for the indicated items exclude
ce
£S2£ Olls wmch have been reclassified as petrochemical feedstocks.
,3 MEective Jan. 1963, "screenings, etc." included with "defibrated or exploded."
Effective Jan. 1963, excludes stocks of "own pulp" at paper and board mills
3 291
3 578
3 732
i f\vy
1 700
3 402
I AQO
1 CQQ
3 249
1 AQQ
1 K-I O
3 537
3 370
1 4.QO
r 35 788
1 Rfii
3 697
thous sh tons
do
._
do
_
do
Groundwood
_
Defibrated or exploded.. .
Soda, semichem., screenings, etc
Stocks, end of month:
Total, all mills
...._.
Pulp mills.
Paper and board mills
:...
Nonpaper mills.
do
do
do
2 509
2 769
241
1 543
'223
1 545
1 688
330
129
260
335
131
256
324
127
260
300
123
222
337
128
258
747
7(J9
387
94
771
286
394
90
278
389
95
759
273
392
93
134
48
85
138
46
92
143
55
88
127
40
87
231
22
210
244
23
221
228
26
202
225
18
207
3, 268
1 438
1 522
3,441
1 505
1 612
1 495
224
2 136
2252
263
8 372
121
1 595
OfiK
132
107
211
124
OOQ
2
126
244
'ill
192
r 8Q
515
117
2 §55
'l44
1 754
239
2 764
122
1 694
239
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
All grades, total, seas. adj.... thous. sh. tonsAll grades, total, unadjusted...
do
Paper........!
_ _
do"""
Paperboard
do
Wet-machine board
do
Construction paper and board..
do
1 coi
1 71-1
3 373
I fiQA
1 799
19
iq
19
9
11
13
11
10
11
r 335
349
299
317
336
327
235
2fi7
262
331
4
See note 5 for p. S-35.
s See note "O" for p. S-21,
tRevised monthly data for 1962 for petroleum products appear on p. 28 of the June 1964
SURVEY; revisions for 1962 and 1963 for asphalt and tar products appear on p. 32 of the Apr. 1964
SURVEY.
1
AT A
1 552
1
K7fi
I
ftfiO
19
1 fi03
1 78fl
SURVEY OF CUREENT BUSINESS
June 196S
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
1964
Monthly
average
S-37
Apr.
May
June
July
Aug.
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
101.4
111.4
96.3
92.3
May
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper and board— Continued
New orders (American Paper and Pulp Assoc.):
3 284
All grades paper and board
thous sh tons
Wholesale price indexes:
101.4
Printing paper
1957-59=100
107.4
Book paper A grade
do
94. 7
Paperboard 9
do _
96.2
Building paper and board
do
Selected types of paper ( APPA) : t
Fine paper:
175
Orders new
- - thous. sh. tons- .
100
Orders unfilled end of month
do
Production
-..-.
Shipments
Printing paper:
Orders new
;-._ .
Orders unfilled end of month
Production
'
Shipments
=-.
Coarse paper:
Orders new
- Orders unfilled end of month
-
Production
- ._-.
Shipments
Newsprint:
Canada:
Production.
.____Shipments from mills
_ _
Stocks at mills, end of month. _ _
United States:
Production
_
Shipments from mills.. _ _ _ _ _ _ _ _
Stocks at mills, end of month __
3,469
3,565
3, 525
3,481
3,395
3,567
3, 436
3,754
3,395
3 273 ' 3, 532
3,406
101.4
109.4
96.5
94.2
101.4
109.9
96.5
93.5
101.4
109. 9
96.5
94.4
101.4
109.9
96.5
94.4
101. 4
109.9
96.5
94.4
101. 4
109.9
96.4
94.1
101. 4
109.9
96.4
94.5
101.4
109.9
96.4
94.3
101.4
109.9
96.4
93.9
101.4
109.9
96.4
93.3
101.4
109.9
96.4
'93.4
101.4
109. 9
96.4
92.2
101. 4
109.9
96.3
92.2
186
92
197
92
190
88
187
89
188
101
185
91
176
92
192
89
191
106
'175
'177
'116
'191
'98
124
204
117
do
do
178
175
187
187
195
191
191
190
189
196
171
179
190
185
185
179
197
193
182
186
'183
'186
'191
'175
'183
'186
200
205
do.
do
448
389
483
402
483
391
487
401
482
398
467
413
461
390
463
392
538
439
478
420
'496
'437
'510
'448
'487
' 468
552
464
do
do
439
439
468
468
475
475
478
478
473
473
445
445
461
461
444
444
503
503
477
477
'472
'472
M90
'490
'468
'468
499
499
do
do
355
164
366
168
365
145
349
139
342
143
357
161
384
170
370
»187
397
193
364
203
'362
'190
393
214
'394
'244
395
224
do »»
do
353
351
363
361
373
372
361
354
341
336
337
341
372
366
353
353
397
394
360
359
'359
'360
388
375
'377
'372
396
398
do
do
do .
553
552
268
608
609
238
625
664
261
610
616
277
610
625
240
617
620
237
637
634
239
605
628
215
664
661
218
643
665
196
614
632
178
606
556
228
582
500
311
650
595
366
622
677
311
648
691
268
do
do
do
185
188
189
30
192
201
194
174
200
198
183
198
188
26
196
28
181
22
' 174
'180
'27
183
182
27
>-191
'179
34
185
192
34
184
27
176
192
32
194
33
181
184
37
188
20
196
21
465
503
528
550
496
453
472
491
532
550
535
490
461
535
544
570
588
566
541
511
529
562
591
608
599
574
585
571
585
559
554
526
451
496
475
470
513
515
492
506
527
546
584
422
429
554
500
134. 40
134.23
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
134. 40
132. 40
132. 40
132. 40
'390
••408
390
89
'597
408
92
Consumption by publlshersd"
__- -do. .
Stocks at and in transit to publishers, end of
monthcf
- -thous. sh. tons
Imports
do
Price, roils, contract, f.o.b. mill, freight allowed
or delivered
_ _ _ _ $persh. ton
197
24
Paperboard (National Paperboard Assoc.) : §
386
387
395
384
400
358
Orders, new (weekly avg.)
..thous. sh. tons.. -'357
399
361
385
410
574
587
610
576
563
518
624
Orders, unfilled, end of month
__._____do
519
565
606
627
384
404
391
1358
390
380
358
393
388
351
405
Production, total (weekly avg.)._._
.do
88
89
79
92
87
89
88
79
89
87
Percent of activity (based on 6.5-day week)
92
Paper products:
Shipping containers, corrugated and solid fiber,
shipments© _
nail. sq. ft. surf. area-- 10, 716 '11, 436 '11,628 '11, 478 11,068 11, 159 13, 755 10, 219 13,323 '10, 899 11,599
Folding paper boxes, shipments, index of physical
126.1
125.7
128.4
134.0
121.9
133 3
125. 3
121.3
121. 2
volume
1947-49=100
128.5
128.7
•'668
187
25
132.40 P132. 40
'428
'632
414
93
419
' 683
'410
91
11,039
10, 881
12, 519
12, 112
115. 5
' 114. 7
' 132. 5
125.5
41.09
42.24
44 41
.255
90.19
19 02
.261
42. 13
79.12
27.53
.261
48 24
91. 10
42. 54
.260
45 55
87.34
52 92
.276
151. 54 '144.99
125 19 126. 43
314
21 320 67
2
8.97
10. 51
155.43
138 37
311 20
30.91
153. 69
129 95
307 78
35 08
25 42
24 35
29 84
431
727
423
92
11, 865
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
_ _ _ _ _ thous. Ig tons
Stocks, end of month
do
Imports, incl. latex and guayule
do
Price, wholesale, smoked sheets (N.Y.).__$ perlb..
Synthetic rubber:
Production
Consumption
Stocks, end of month
Exports____
_
38.10
72.70
31.63
P. 263
134. 04
108. 90
thous. Ig. tonsdo
do
do
281.05
23.60
______do
do
do
30.30
Reclaimed rubber:
Production.
____.._.__
Consumption
Stocks, end of month
40.25
73.24
36.77
40 68
39. 36
P .252
28 79
.259
44 07
.254
147. 07
120. 13
290. 03
121 85
285 19
64.74
146.22
69.08
150.31
35. 09
41.10
40 51
.246
39 04
.245
146. 94
123 71
293 02
137. 99
104. 16
300 31
25. 60
144.63
22 30
30 92
25.22
20 21
19 02
32 35
20 56
20 95
30 25
41 37
67. 14
31 24
.251
75.39
82.85
119 44
298 15
26 52
44 22
81.16
37 20
.250
44 61
78. 93
30 26
.261
39.46
78. 95
38 83
.275
88.94
144. 81
128. 98
287 58
155. 49
136 01
289 03
22 37
150. 88
116. 16
286 96
29.84
157. 52
124. 26
298 36
29 14
23.00
24 52
23 13
31 16
21.40
19 48
31 32
21.68
22 17
31 01
22 99
22 66
30 88
' 22. 31
22 53
30 15
26.78
25 57
30 73
27.85
118 49
293 17
24 66
30.88
23. 00
21. 93
24. 50
24 20
30 42
23 10
29 76
thous
11 589 '13 176
13 331
13 214
14 041
11 509
13 234
14 355
14 892
12 797
13 632
13 884
14 126
15 242
14 633
do _
.do...
do
do
11, 546 ' 12, 541 ' 14, 059
4,004 ' 4, 816
3, 928
7,489 ' 8, 364 ' 9, 110
13 576
4, 542
8 907
14 517
12 398
2,810
9 423
11 378
14 090
4, 121
12 805
11 120
6 870
126
146
164
12 962
5f, 366
7 364
13 237 11 864
4 954
4,830
6,796
8 136
239
' 148
14 327
5,' 712
8 352
263
15 408
5, 341
9 782
285
31,091 31 Oil
92
106
30, 644
29 968
38 264
40, 532
158
41 467
322
40, 601
211
OQ9
3 628
3 533
10 285
41
A nlfi
3' 7*50
lo' 731
'l!5
3 793
3 410
ll' 225
*102
23.45
21.97
26.77
23.96
24.98
30.45
22 50
31 07
.283
TIRES AND TUBES
Pneumatic casings:
Production
Shipments, total
Original equipment. _
_
Replacement equipment.
Export—
_
Stocks, end of month
Exports (Bu. of Census)...
Inner tubes:
Production.
Shipments...
Stocks, end of month
Exports (Bu. of Census)......
..._.
_
_
__do
__
.do...
do
do
do
do
129
173
29, 985
32, 364
82
3 305
3 396
9 467
76
132
3 536
3 491
10 018
75
133
3 956
3 392
9 587
78
4,652
9 718
105
3 591
3 117
10 172
3 699
3 475
10 471
3 010
3 370
10 135
64
73
87
' revised.
'P Preliminary.
1 Weekly average for year.
2 gee note "Q" for p. S-21.
9 Revisions for 1961 are available upon request.
tMonthly averages for 1962 for new orders, production, and shipments reflect revisions
to adjusted annual totals; revisions by months not available..
cf As reported by publishers accounting for about 74 percent of total newsprint consumption
160
2,340
2,594
8 867
171
9,729
241
9 922
31 979
32, 495
34 731
148
201
3 364
3 404
10 195
86
289
4,035
214
231
36 608 '37 553
165
205
167
3 439
3 448
10 439
3 607
3 271
10 908
q (\*()
9 OK7
3 008
11 198
96
81
3 099
11 471
' 78
75
269
3
A QO1
10>2160
39
in 1963 and 75 percent in 1964 and 1965.
§ Revised to reflect weekly averages for new orders, production, and percent activity (on
basis of 6.5 days per week); comparable data prior to 1962 will be shown later.
©Revisions
by months for 1962-Feb. 1963 will be shown later.
SURVEY OF CUKKENT BUSINESS
S-38
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1953
edition of BUSINESS STATISTICS
1963 1 1964
Monthly
average
June 1965
1965
1984
Apr.
May
June
July
Sept.
Aug.
Oct.
Nov.
Dec.
25, 968
Jan.
Mar.
Febr
Apr.
May
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Product-tan, finlahfid np,Tnp.nt
Percent of capacity
__
Shipments finished cement
Stocks, end of month:
Finished
Clinker
thons bhl
29, 441
30 635
29, 493
34 417
36, 185
37, 220
37, 710
35, 834
36, 333
31, 100
thous bbl
29, 354
30 665
29, 178
35 511
38 750
40, 678
39 496
38 008
40, 693
27 950
64
19,969
38, 029
23, 070
39 555
23 060
45 462
30, 667
44 425
29 580
41 894
27, 065
38 467
24, 249
36 805
20, 628
34 712
18 322
30 341
15, 302
33 587
15, 624
39, 585
18, 687
617.1
32 0
145 6
629 4
29 2
149 3
679 3
31 7
151 8
739 6
32 6
166 1
771.6
32 8
184 5
765 9
31 3
189 8
723 4
29 6
175 8
726 4
28 5
175 8
736 4
31 5
179 0
647 7
25 4
129 7
501 4
25 5
107 2
29 7
28 1
27 8
25 2
30 2
32 6
32 l
29 8
31 0
30 8
26 6
22 2
23 8
25 7
24 9
25 9
25 7
24 8
23 8
24 3
22 1
21 3
106. 1
107 1
107 3
107 3
107.1
106 7
106 9
107 2
107 2
107.2
107 6
79,325
74
do
do
76
75
84
92
91
90
92
89
79
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil standard brick
Structural tile except facing
thous sh tons
Sewer pipe and fittings vitrified
do
Facing tile (hollow), glazed and unglazed
mil brick equivalent
Floor and wall tile and accessories , glazed and unsrlazed
mil so ft
Price index, "brick (common) , f.o.b. plant or N. Y.
dock
1957-59—100
574.6
463.6 '418.8
90.1
23 6
125. 6
20 1
20 2
25 7
20 5
r 21 4
25 9
107 6
107. 7
107 8
107. 8
23 3
93 5
r 21 5
GLASS AND GLASS PRODUCTS
Flat glass, mfrs/ shipments (qtrly. average or total)
thous $
Sheet (window) glass shipments
do
Plate and other flat glass shipments
do
35, 370
43} 955
81, 326
36 188
45 138
Glass containers:
Production
15,134
15 784
16 352
16 704
17,577
16,873
17,797
15,184
15923
14,812
13,511
15, 818
15 663
!2 638
16,684
14,692
15 398
16 586
15 164
16880
16241
17 188
16,893
14,917
14,122
14,671
14 575
14, 265 »19 176
12, 813
1,602
1 736
1,642
1 367
1, 455
2 105
2,652
3,027
1,792
1,356
1,300
1,301
1, 323
'2,066
1, 176
4,100
4 227
3, 911
4 040
4,355
4 096
4,656
4,751
4,471
4,024
4,068
4, 326
4,132
••5,453
2,838
do
do
do
1,350
1 472
2 771
1 396
1,700
2 105
2,822
3,543
2, 359
1,101
2, 622
1,525
2, 274
1,679
1, 179
2, 137
1,550
1, 659
2,451
1,363
1,375
1,028
2, 417
1,321
r 1, 836
r 3, 661
1,425
1,324
3,318
1, 357
975
2,422
1,379
2 027
3 669
1,094
956
1,392
1,541
2,761
1,082
do
do
do
2,972
739
127
3 064
'614
3 542
3 008
2 591
3 124
3,106
3 000
3, 225
3, 192
3,471
719
138
2 777
3 305
3 236
118
640
99
835
120
2,776
541
98
do
25,621
26 413
25,452
26 794
20, 274
24,074
Crude gypsum, qtrly. avg. or total:
Imports.
thous. sh tons
Production
»
______
._ _ do
1,372
2,597
1 562
2 607
2,733
1,280
2,002
2,750
2,526
Calcined, production, qtrly. avg. or total.. __do
2,295
2 319
2,437
2, 441
2, 153
1,052
1 100
1,200
1,166
75
1, 212
74
71
76
243
269
254
262
274
204
241
thous gross
Shipments domestic total
do
General-use food:
Narrow-neck food
do
Wide-mouth food (Incl. packers* tumblers,
j elly glasses and fruit jars)
thous gross
Beverage
Beer bottles
_
Liquor and wine
.—.
Medicinal and toilet
Chemical, household and industrial
Dairy products
—
_
Stocks, end of month _ _
.._
2,453
1,349
79, 622
34, 089
3,542
584
90
631
104
26794
27,178
84, 599
38, 156
46, 443
82. 874
39, 898
42, 976
45,533
549
110
625
132
27,543
27,724
613
148
25,668
621
124
26,432
536
115
489
149
26,929
25, 375
602
103
26,515
r
' 1, 968
GYPSUM AND PRODUCTS
Gypsum products sold or used, qtrly. avg. or total:
Uncalcined uses
thous sh tons
Industrial uses...
do
Building uses:
Plasters:
Base-coat
,
„
do
All other (in cl. Keene's cement)
do
Lath
_____.„„.
Wallboard
All other!...
._
70
259
248
943
mil. sq.ft.. 387. 3 373 7
._>.... do..._ 1, 777. 3 1 848 1
do.
62. 0
63 2
1,567
410. 1
1, 986, 0
66.6
391. 8
1, 905. 7
73.8
327.1
1, 744. 8
58.1
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics, weaving mills:f
Cloth woven (gray), total
mil. linear yd
Cotton (gray) _
do
Stocks, total,
end
of
period
cf
do
Cottoncf1
do
Orders, unfilled (gray and finished), total, end of
period f _ _ _
mil linear yd
Cotton (gray and finished) f
do
1
1 200
984
1377
712
1 141 1 137
738
741
992
713
1 146
728
*997
1709
1 147
718
985
710
1 141
707
998 11 J237
893
707
1 118 1 071
692
673
2 392
1 421
2 628
1 564
2 855
1 755
3 034
1 891
3 093
1 956
3 320
2 174
3 541
2*357
1,011
3,682
9 073
12 396
967
728
1 180
829
1 056
761
1 068
661
2 741
1,865
3 661
2 500
2
15,290
15,148
2
15,334
699
15,180
745
1832
687
683
1742
712
702
1882
723
i 799
729
741
l 914
735
742
17, 789
17, 661
3,481
12, 818
1,361
128
19, 580
19,467
3,859
14, 290
1,317
114
15, 864
15, 758
515
13,643
1,600
106
14, 811
14, 716
448
12,820
1, 448
95
13, 756
13, 676
473
11,932
1, 271
80
12,378
12,306
270
10,916
1,120
72
26, 344
26, 209
14, 264
11, 058
887
135
25, 974
25, 840
12, 646
12,341
853
134
24, 948
24, 823
8,123
15,754
946
125
23, 709
23, 589
5,001
17,354
1,234
120
22, 404
22, 292
2,130
18,706
1,456
112
20,976
20, 869
1, 114
18, 115
1, 640
107
20,138
20, 034
808
17, 464
1,762
104
18, 813
18, 718
873
16, 021
1,824
95
17, 340
17, 252
388
15,080
1,784
88
14,099
1 753
80
2 537
1 492
1 000 i 1 107 1 028
740
714
i 787
1 073 1 068 >'l 021
614
661
670
3 642
2 536
3 661
2 500
1 040 1 1, 286
1914
745
992
949
597
567
3 917
2 807
4 032
2 919
COTTON
Cotton (exclusive of linters) :
Production:
GinnlngsA
thous. running bales
Crop estimate , equivalent 500-lb. bales
thous. bales..
Consumption© . _ _ „ _ _
__ ... _
do
Stocks in the United States, end of mo., total 0
thous. bales..
Domestic cotton, total O__._
do
On farms and in transit
do_ _
Public storage and compresses O _ _ _
do___.
Consuming establishments
_
do_
Foreign cotton, total O
.
do
152
«• Revised.
i Data cover 5 weeks; other months, 4 weeks.
2 Total crop for year.
3 Ginnings to Dec. 13.
« Ginnings to Jan. 15.
§ Comprises sheathing, formboard, and laminated board,
f Effective Feb. 1965 SURVEY, monthly data (back to 1960) reflect adjustment to benchmarks
and other basic changes; see Census report: "Woven Fabrics, M22A (64)-Supplement I."
Beginning Jan. 1964, data for total cloth are not comparable with those for earlier periods;
manmade fabrics classifications were revised and drapery fabrics included.
3
13, 560
4
15,148
14, 936
cfStocks (owned by weaving mills and billed and held for others) exclude bedsheeting,
toweling, and blanketing, and billed and held denims stocks; small quantities of finished
fabrics are included. ^Unfilled, orders cover cotton fabrics (gray and finished, except bedsheeting, blankets, and toweling) and manmade fiber fabrics (gray, except blanketing).
ATotal ginnings to end of month indicated, except as noted. ©Revisions for Aug. 1962Dec. 1963 are available; for stocks, monthly averages also reflect cotton released by GSA
from the cotton stockpile (beginning July 1962).
SUEVEY OF CUERENT .BUSINESS
June 1965
1964
1963
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
S-39
1964
Monthly
average
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
May
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of linters)— Continued
363
Exports
'...
thous. bales..
11
Imports
-do
Prices (farm), American upland
cents per lb._ 232.0
233.2
Prices middling 1", avg , 15 markets
do _
437
10
Cotton linters:
Consumption©
Production!
Stocks end of mo fO
- - ~ - =-
COTTON MANUFACTURES
Spindle activity (cotton system spindles):©
Active spindles, last working day, total- -thous _•_
Consuming 100 percent cotton
.__ do __
Spindle hours operated, all fibers, total
_mil__
Average per working day
do
Consuming 100 percent cotton
do. _.
Cotton yarn, natural stock, on cones or tubes:
Prices, f.o.b. mill:
20/2 carded weaving
$ per Ib
36/2 combed knitting
do
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production, qtrly. avg. or totalO. _inil.ini. yd ~
Orders, unfilled, end of mo., as compared with
avg weekly production
No. weeks' prod
Inventories, end of mo., as compared with avg.
weekly production
No weeks' prod
Ratio of stocks to unfilled orders (at cottorj
mills) end of mo seasonally adjusted
Mill margins?
cents per Ib
Prices, wholesale:
Denim mill
finished—
cents per yd
Print cloth, 39.1nch, 68 x 72
do
Sheeting, class B, 40-inch, 48 x 44-48 ...do
MANMADE FIBERS AND MANUFACTURES
Fiber production, Qtrly. avg. or totalO— _mil. lb.
Filament yarn (rayon and acetate)
do
Staple, incl. tow (rayon)
_ _ _ _ _ _ _ do
Noncellulosic (nylon, acrylic, protein, etc.) _ do
Textile glass fiber ,
__.
do
Exports:
Yarns and monofilaments
thous. Ib
Staple, tow, and tops
do
Imports:
Yarns and monofilaments
do
Staple, tow, and tops.
do
Stocks, producers', end of moFilament yarn (rayon and acetate) _--.___mll.lb_.
Staple, incl. tow (rayon)__
__
do
Noncellulosic fiberG... _.___„
do.__.
Textile glassfiber.......
......
.
do....
Prices, rayon (viscose):
Yam, filament, 150 denier A
......$ per Ib
Staple, 1.5 denier__ . _ _ _ , _ „
^
do >
Manmade fiber and silk brotdwoven fabrics: J
Production, qtrly. avg. or total 9 ...mil. lin. yd
Filament yarn (100%) fabrics 9 -_
_-do
Chiefly rayon and/or acetate fabrics
do_ _
Chiefly nylon fabrics.
___•
do
18,628
15,813
9, 849
456
387
2
32.2
33.4
32.6
32.6
120
49
31.6
33 4
32.8
33 3
184
2
30.6
31 2
30.6
30 7
116
131
671
» 131
109
89
724
118
62
648
3107
119
777
107
46
541
114
115
505
18, 541
18, 484
18,442
15,292
18, 376 18,446
15, 208 15, 238
9, 422 310,272
411
471
7,836 3 8, 455
18, 543
15 273
18, 489
15 174
612
.881
612
869
98
13.8
11.8
12. 4
13.7
48
60
4.8
4. 8
4. 7
.36
.32
30
15,346 15, 381
10,292 311,503
467
3
460
9, 609
8,349
8,546
.644
.912
* .630
» , 892
2,190
2,246
10.6
12.0
9.1
5.5
5. 0
5.0
.52
25.20
. 42
29.57
38.1
15.9
17.0
»516.5
659.2
754.8
36.6
» ' 17. 4
177.4
144. 8
289. 0
48.0
194.4
148.6
351. 7
' 60.1
8, 196
4 187
9 706
4 701
680
767
.636
.913
9, 481
474
7,892
631
895
.631
.896
44
600
9,678
484
7,981
94
51
18, 651
15, 157
18,676
494
502
8, 214 310,079
497
8, 084
18,846
15, 192
10/116
506
8, 196
617
617
617
.875
.876
.876
.617
.878
».622
J>.878
IS 2
15. 6
17.2
18. 0
19. 1
52
4.3
4 1
4. 0
3.9
22
195
709
444
14 8
4 7
37 7
15 8
17 8
36 9
15 6
16 6
36 9
15 8
17.0
36. 9
15.8
17.0
34. 9
34.9
16. 5
17.5
34 9
17 0
17 5
743.8
26
36 02
36. 16
36. 49
34.9
17.8
17. 5
35 1
18 0
17 5
' 34. 9
18. 0
17. 5
»34.9
*>18.5
34 9
17.5
17. 5
834.8
203.3
347.2
62.2
10 496
5 367
935
10 245
5 564
165.4
400. 6
65.5
12, 100
7, 184
11, 041
7 492
1 208
11 140
1 814
4 948
975
5 837
1, 032
16, 470
1 087
8, 892
32.4
49 0
32.1
51.8
32.9
52 2
28
.78
28
v. 78
v 28
882
9 636
6 902
7, 782
8 433
10 346
36.9
50 7
132
2
8
33. 1
37.9
52 5
36.1
56 6
35.0
60 9
132 6
31 5
35.9
58 9
34.9
53 2
35.2
49 8
123.4
35.2
33.1
47 8
32.4
46 5
32.6
51 3
134 4
36 6
33.9
49 3
.82
27
pio .78
D 28
.78
78
78
78
98
98
.78
28
.78
28
.78
28
78
98
.78
28
.78
28
765.2
878. 9
00
13 8
6 6
17 3
98
18
10
15
7
1.375
1 289
1.375
1.375
1 0 fin
1. 375
1.335
i ^nn
1.375
107 5
18 3
95
18 5
98
1.326
1.397
1 9BR
1. 389
1. 415
1. 285
1 9^
1.439
165 8
132 2
3 20 1
3 21 3
311 1
336 4
162. 4
112 1
19 8
o 19 i
sinn
308 5
166 3
105 9
19 2
7 e
18 5
11 5
20 9
13.4
23 8
14. o
79 i
304 o
13, 251
37 Q
115.4
16 842
127 7
17 742
«6 716
10,821
20, 078
18,797
16 2
9 7
16 6
3 19 4
19 4
22 5
o 7
62
25 2
12 6
1.375
1.405
1 010
1.375
1.392
1 QOK
1.375
107 5
108 0
108 7
16,057
14 538
18 0
9
19 7
11 5
3 21 7
L 398
1 300
1. 375
1.405
IQOfl
107.5
4
1
1
1
0
34.2
55 2
228.4
201.7
72.6
12 546
16 612
. 78
769.1
7 54. 4
940. 9
421 4
384.6
117 0
15 880
16, 628
98
861.1
865 9
388 2
204 3
71 2
15 439
706
7 70. 0
7 54. 4
5 575
2 671
10 453
37.30
p 17.5
13 078 <» 3 786
7 831 o 2 225
592
8
9,938
29
34.97 * 35 94
11 578
56.8
35. 5
113. 3
8 28. 5
15, 126
.23
.27
12 287
8
10,031 312,341
820 3
199.8
154 2
'402 8
'63 5
198.0
136. 4
967
15, 308
175
815
2,340
37 7
16.5
17.8
982
18,750
617
869
.617
.869
34 50
883
18, 744
15 322
9, 905
495
8,109
39,155
34 45
563
112
495
8,166
34. 20
10 831
4 994
112
132
800
18, 667
15, 286
747
C1)
9,909 311,093
* 33. 36
10 907
4 851
3141
15 398
45
10 204
3 947
109
167
798
18,744
15, 350
25 35
10 177
5 013
110
186
762
18,672
49
9 005
3 199
29.7
30.8
3 123
25 11
3 664
29. 5
30.8
109
209
644
131
56
25.95
8,498
27.6
30 6
198
572
3
.39
726 3
190 1
141 5
334 4
60 3
27.6
30 6
29.3
30 6
.57
26.37
17.5
407
4
30.1
30 6
487
480
7 931 3 10, 003
(6)
584
7
28.6
30 7
31.0
30 6
2, 156
2, 258
181
1
388
1
9,608 312,175
617
871
244
(i)
290
44
11 141
10, 463
Spun yarn (100%) fabrics (except blanketing) 9
mil. lin. yd_.
Rayon and/or acetate fabrics and blends
do— __
Polyester blends with cotton
_do
Combinations of filament and spun yarn fabrics
mil. lin. ydExports, piece goods..
.......thous. sq. yd.. 12, 972
WOOL
Wool consumption, mill (clean basis):©
Apparel class
__
mil. Ib...
Carpet class
do
Wool imports, clean yield
_ do
Duty-free (carpet class)* _ _ . _ _ . _ „ _ _
do
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
_._„_
$ per lb_.
Graded fleece, ?4 blood.. _ _ _
.do
Australian, 64s, 70s, good topmaking...__-.do.._.
697
2
381
4
111
129
666
thous. bales
;_do
do
400
6
3197
13 6
68
19 5
324.7
Q ^
Q Q
3 11. 0
1. 337
1 98R
1. 235
1.325
1 9lfi
1.200
1. 275
11 f»i\
1. 125
1. 215
1.138
1.095
1. 195
1.195
1 130 1 145
1.075 1. 075
109 0
108 7
108 3
106. 9
105.7
96.1
96.8
96.8
96.8
WOOL MANUFACTURES
Knitting yam, worsted, 2/20s-50s/56s, Bradford
107 9
107 9
107 5
105 4 p 107 9
system wholesale price®
1957—59 ~~ 100
Woolen and worsted woven goods, exc. felts:
71 463
Production qt^ly avg or totalO thous lin yd 71 101 64 923
.
69, 822
Apparel fabrics, total
~
'• do
68 485 62' 980
46 538
Women's and children's
do
43 246 41 534
Suiting, price (wholesale), flannel, men's and
95.8
95.8
95.8
boys', f.o.b. mill__
1957-59=100..
95.8 * 95.9
r
2
Kevised.
* Preliminary.
i Less
than 500 bales.
Season average.6 3 Data cover
4
5
5 weeks;
other months, 4 weeks.
See note J.
Based on 11 months.
Not available.
7
8
9
10
For month shown.
Qtrly. average.
Based on 52 weeks.
See note "A."
O Bevisions for Jan. 1962-Noy. 1963 are available.
9 Includes data not shown separately.
t Production and stocks of linters at oil mills revised to approximate running bales; data
back to Aug. 1958 are available.
f Beginning Aug. 1964, margins reflect the 6.5 cents per
pound equalization payments to domestic cotton users. Effective Jan. 1965, data reflect
63 035
61, 251
42, 079
95.8
95.8
95.8
56 553
54, 191
34 947
96.1
96. 1
96.1
substitution of two cloths used in the average; comparable Dec. 1964 margins, $.3528.
AEifective Jan. 1964, prices reflect change in BLS source and are not comparable with
those for earlier periods. Dec. 1963 price, comparable with Jan. 1964, estimated by QBE, $.78.
i See corresponding note, bottom of p. 8^=0.
*New series. See corresponding note in the Aug. 1964 SURVEY.
^Beginning July 1964 index, yarn specification changed to "American system, manufacturer to knitter."
« See note "Q" for p. S-21.
SURVEY OF CUEEENT BUSINESS
S-40
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
Monthly
average
June 1965
1964
Apr.
May
June
July
Aug.
1965
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
15 033
May
TEXTILE PRODUCTS—Continued
APPAREL
15, 007
Hosiery shipments
thous doz pairs
Men's apparel, cuttings: t
Tailored garments:
Suits
- -- -----thous. units.. 1,713
357
Overcoats and topcoats
do .
15, 794
14, 763
13, 892
16 544
15, 177
16, 663
16 900
17, 417
15,284
15 671
14, 170
15, 534
17, 147
1,717
332
1,859
348
1, 650
422
1,676
423
1,104
328
1,806
428
1,656
391
2,177
398
1,840
280
1,711
256
1,841
193
1,785
193
2,103
350
570
931
998
928
880
887
Coats (separate), dress and sport
do
9,551 '10,666 11, 024 11, 141 11,646 10, 238
Trousers (separate) dress and sport
do. _
2, 382
2,425 2,304
2,450
2,006
2,109
Shirts (woven fabrics) , dress and sport, thous. doz
Work clothing:
462
421
378
406
336
439
Dungarees and waistband overalls
do .
274
344
310
324
313
316
Shirts
do
840
11, 562
2,335
728
11, 322
2,325
942
11, 108
2,679
1,087
9,601
2,444
930
10, 054
2, 425
428
331
379
302
398
369
343
330
326
305
Women's, misses', juniors' outerwear, cuttings: 't
Coats
thous units
Dresses
-do
Suits
'
_ - - do
Blouses waists and shirts
Skirts
thous doz
.do
2,046
21,914
828
1,363
825
2,133 1,032
22, 483 29, 943
901
584
1,541
25,545
628
2,135
22,953
909
2,408
19, 918
1,008
2,521
20, 446
930
2,454
19, 608
708
3,096
21, 178
820
2,438
18, 512
899
1,696
16,759
840
1,471
825
1,250
844
1,354
923
1, 274
900
1,344
837
1,323
719
1, 575
834
1,349
613
1, 170
525
1 374
775
1, 035 T 1, 022 1,095
10, 354 '•11,240 12, 228
2,499 ' 2, 505 2,671
358
339
346
313
442
362
2,126 r 2, 503 2,222
20,985 "•23,630 30, 228
1, 138 '1,362
1,257
1,506
745
r
1, 495
••752
1, 670
841
99.7
2,071
23.1
137.9
2.834
57. 2
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
4,409
3, 522
4,021
4,492
3,379
4,070
4,575
3 395
4,191
4,505
3,293
4,120
3,995
2,971
3, 534
4,102
3,301
4,172
3, 204
4 352
3,366
3,978
3,060
4,262
3, 247
Backlog of orders, end of year or qtr. 9
. - do.
13,904
U S Government
do
10, 950
Aircraft (complete) and parts
._. do
5,301
Engines (aircraft) and parts
_._ do
1,510
Missiles, space vehicle systems, engines, propulsion units, and parts
____mil. $__ 4, 646
Other related operations (conversions, modifications), products, services...
mil. $_._ 1,295
15, 188
11, 651
6,277
1, 520
14, 928
11 694
6,181
1,334
15, 455
11 927
6,294
1,461
15, 188
11, 651
6,277
1,520
4,556
4 825
4,882
4, 556
1,405
1,324
1,381
Orders, new (net), qtrly. avg. or total
-..mil. $„
U S Government
do
Prime contract
do
Sales (net), receipts or billings, qtrly. avg. or total
mil. $__
U S Government
_ _ .
do
Aircraft (civilian): Shipments ©
do
Airframe weight ©.thous., lb_.
Exports
mil $
1,405
57.2
1,340
20.3
88.8
1,909
23.9
114. 6
2,297
33.4
92.3
1,997
24.0
96.0
2,091
19.8
71.4
1,631
24.9
89.2
1,748
19.5
67.8
1,454
14.0
94.4
2,176
32.3
83.0
1,856
21.7
758.4
730.0
636.5
620.3
121.9
109.7
774.4
744.3
646.0
629.5
128.4
114. 8
939.9
909.3
786.4
770.2
153.5
139. 1
875.7"
845.1
735.0
719. 5
140. 7
125.6
893.2
862.6
7^40. 6
726.7
152. 5
136.0
691.4
670.3
570.3
562.2
121.1
108.1
339.6
319.9
237.3
230.8
102.2
89.1
700.9
671. 1
581.9
563. 8
119.1
107.3
491.8
463.7
411.5
394.7
80.3
69.0
794.1 1, 031. 4
748.8
995. 1
679.2
884.3
648.4 862. 4
114.9
147.0
100.3
132.6
109.7 '91.2
2,263 '2,075
230.0
12.8
51.8
MOTOR VEHICLES
Factory sales, total
Domestic.
___ .. _ _ .
Passenger cars, total
Domestic
Trucks and buses, total
Domestic -
thous
do
do
do
do
do
Exports, total
Passenger cars (new and used).
Trucks and buses
.
number
__do
do
22, 928 27,455
12, 851 14,726
10, 076 12, 729
22, 407
12, 031
10,376
27, 769
13,166
14, 603
34, 681 22,032
18,986 10,677
15, 695 11, 355
26,308
14,927
11,381
22, 853 26, 938
11,895 13, 521
10, 958 13, 417
25, 130
14, 577
10, 553
36, 053 2 6, 617
20, 732 .24,478
15, 321 2 2, 139
11,570
7,929
3, 641
24, 141
16, 179
7,962
16,593
10, 138
6,455
Imports (cars, trucks, buses), totalcf.
.do
Passenger cars (new and used)<?
do
Shipments, truck trailers: A
Complete trailers and chassis
do
Vans,—.
;
do
Trailer bodies and chassis (detachable), sold
separately
_.
number
Registrations:©
New passenger cars
...
.
thous
Foreign cars
do
New commercial cars (trucks)...
..do
36, 534 44,413
35,308 43,896
46, 404
45,950
41, 211
40, 808
47, 015
46, 481
47, 172
46,812
20, 430
20, 181
40, 283
39,632
46, 831
46, 382
48, 374
47,644
63, 985
63,427
24, 172
23, 622
44,476
43,971
57, 355
56, 894
66, 010
6*5, 120
8,116
4,788
8,005
4,571
8,189
4,614
7,904
4,541
7,316
4,366
8,056
4,841
6,976
4,177
5,947
3,558
7, 157
4,510
7, 063
4,536
7,481
4,613
9,566
5, 642
6, 465
3,885
7,245
4,320
445
936. 7
910. 7
798.1
782.8
138.6
127.9
906. 0 1,124.6 1, 017. 7 1992.7
991.4
873.2 1,091.0
957.5
861.0 i 837. 7
774.8
846.9
937.
9
753.1
156.7 1 155. 0
167.1
131.2
153.
1
144.5
120. 2
650
606
623
627
651
806
804
678
987
867
403
305
245
629. 7
32.1
103. 7
672.1
40.3
113.5
812.3
45.0
132.5
780.6
41.3
124.3
754.3
42.5
122.4
724.2
44.2
123.0
648. 7
42.4
111.1
565. 4
42.4
121.1
658.5
46.2
114.5
563. 5
39.9
97.8
756.8
39.4
113.4
667. 0
36.0
102.7
631.1
30.1
98. 9
798. 7
43.1
126.9
895.9
46.9
142.3
number..
___do____
do____
3, 747
2,608
1,140
5,757
3,781
1, 976
6,529
3,531
2, 998
6,931
3,947
2,984
6,759
4,190
2,569
5,258
4,055
1,203
4,349
2,875
1,474
4,314
2,899
1,415
5, 124
3,629
1,495
5,820
4,260
1,560
6, 501
4,676
1,825
6,130
4,272
1,858
6,594
4,337
2,257
6,152
4,348
1,804
6, 166
4,040
2, 126
New orders
;
Equipment manufacturers, total
Railroad shops, domestic....
do
do
do
5,089
3,665
1,423
5, 909
3,701
2, 209
2, 596
2,296
300
5,824
3, 775
2,049
4,289
3, 550
739
4,644
3,627
1,017
5,344
4,124
1,220
3, 992
2,610
1,382
6,763
3,387
3,376
6,433
2,316
4, 117
9,742 r 9, 436 '5, 188
6,647 ' 4, 582 '3,732
1,456
4, 854
3,095
7,831
6,025
1,806
4,821
3,122
1,699
Unfilled orders, end of year or mo
Equipment manufacturers, total
Railroad shops, domestic.—.
22,183
do
do___. 12,645
9,538
do
32, 876
20,043
12, 833
34, 690
19,930
14,760
33, 410
21, 084
12, 326
30, 631
20,383
10,248
28, 618
19, 757
8,861
31, 598
21, 006
10, 592
31, 278
20, 688
10, 590
30,452
20, 249
10, 203
29, 824
17, 187
12,637
33,167
19,190
13, 977
36, 465
19, 500
16,965
35, 006
18,845
16, 161
36, 580
20, 517
16,063
35. 225
19, 589
15, 636
16
198
21
328
5
377
6
371
15
356
21
363
30
333
28
305
31
284
46
238
57
191
24
177
27
150
31
119
29
90
1,515
6.8
1,495
5.9
1,503
6.2
1,502
6.1
1,501
6.0
1,500
6.1
1,499
6.0
1,497
6.0
1,495
6.0
1,493
6.0
1,495
5.9
1,495
6.0
1,496
6.0
1,495
5.8
1,495
5.7
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments
Equipment manufacturers, total
Railroad shops, domestic
Passenger cars: Shipments..—
_
Unfilled orders, end of mo
Freight cars, class 1 (AAR): §
Number owned, end of year or mo_
Held for repairs, % of total owned
do
do
.thous..
l!levis
£?JPrel.est. of production.
2 See note "Q" for p. S-21.
£?£0^ i -y ^visions for Jan. 1961-Sept 1963 are available upon request.
Q Total includes backlog for nonrelated products and services and basic research.
0 Data
include military-type planes shipped to foreign governments.
?2lta/:over £umj£ A umi fe 9hassis' and bodies.
AEffective with the Apr. 1964 SURVEY, shipments have been substituted for production.
Shipments of trailer chassis only and dump trailer chassis, sold separately, are now included
with the complete trailers and chassis (except detachable). Data back to 1958 are available
©Courtesy of R. L. Polk & Co.; republication prohibited.
lExcludes railroad-owned private refrigerator cars and private line cars.
NOTE FOR MANMADE FIBER FABRICS, P. S-39. ^Effective 1st qtr. 1964'
data reflect revised fabric classifications. The difference between total production and the
sum of data for filament, spun, and mixed yam fabrics shown separately (p. S-39) covers
upholstery, blanketing, silk, paper, and other specialty fabrics. The difference between the
total for 100% filament yarn and the components shown, covers all other filament yarn goods,
including glass fiber and polyester fiber fabrics. Earlier data comparable with the detail
shown are not available
TO
. SECTIONS
Generals
' indicators, _____ «,'„,,. ___ :, __ , _____ -___,_
1-7
'Commodity prices......____'______.________- 7, 8
Construction and real estate- _____*„,._-" ___ 9, 10
Domestic trade _~__________,,____„_„__„ 10-12
Employment and population^,.;________:___;,. 12-16
Finance,____v_______,.iw_______ _ _ _ 16-21
Foreign trade of the United States,,:.______~ 21-23
Transportation and communications________23, 24
Chemicals and allied product? - - . .,__„,._:-_•„.
25
' Electric, power and ga»....u...,___________-...,.'
26
Food and kindred products; tobacco ______ 26-30
Leather and products..--____'-u..____«... ____ 30, 31
Lumber and products.', -« ____ „.-„•>:___,,___, __ ' 31
Metals aod msnufactiires ~ ~ .„.:-.,—..;______32-34
Petroleum, coal, and product*______...___j. 35, 36
Pulp, paper, and paper products .". __„_,,,— J 36, 37
Rubber and rtjbber products „________..!,>„.,„
37
Stone, day, and glass products -_____•„„!.'.' ___ 38
• Textile products . ."„._ ..... _.,_^_____ 33MO
Transportation equipment ~_____;___. ^* _ "i __ 40
'.
,
-INDIVIDUAL- SERIES-
.. „•
Advertising.______,}_,.;u..~~~______I- 10, 11,16
Aerospace vehicles____„„_'___•_____, ___ »-,-*.—-- ___ 40
AgrJcultiira! loans__'___e»4,v*_____;.j»-»--,__~. ' . ' I d
Air. carrier operations __ ,___.„„'_ __ ._.„.„ -«-i«j __ - - -23
Aircraft and parta. ,.__,..-,.„.,_._, ^...»__, '3, 13^15, 40
Alcohol, denatured and ethyL^..-__.•___f ____ 25
Alcoholic Beverages, „__ __ «^:»»j>,.,.w,,_X~~ 8t W/26
Aluminum _„-;,.___±,__^__.-.
**.^ '-«-.-• • 23,33
;&ppareL_..;,»^_:..^v_____1, 3/4, .7, 8, 10-15, 40
Asphalt and tar products*.*..',___— --•__~'~___--~ 35, 36
Automobiles, -etc.;.. l»3-6, 4 SO, 11, 13-15, 19, 22, 40
Balance of international payments ., .____. * __ 2
Banking, .^.^l— ___ „£;.::.».—.___,„„_,.,,___• ___1§, 17
' Barley ,.:»l.....:.^.^...^J..\...-_..i.i;___.....*:,....- ' 27
•, Barrets and -drums .„*.,.., _•_„„_ __ _.»^___,>,»W,,J, '
33
Battery shipments.'._____iV^.^.-..-^;.-..;....^..
34 •
Beef and ves)_____i...,.*.^...1.....^.;;...,.. ' • 28
' Beverages^'____..„.•„,.:.!„.'.___'___„,.__..:.__ 4,8»10» 26
- -Blast-furnaces, steel -works, etc .•„, -_______;--*„;„ 13-1 5 • '
Bonds* owtstanciing, iasaed^ prkea, sales,
yields,*.*.,...™ -.._.uL.j..^.L.. ,.,.....:;..;. .18-20
- Brass, and bronze--*. -v_ ^ _____ l.,^,^
' ___'^^^.^^j.^ . ..- -33 ' '
.__„
_____
. ___ .... __ - .-. ' .--38
Broker *s .balances.; ____ '..„».-"__:_C-_~w~~.-__;~~~ ' 20'
Building and construction
material*.:
8, 10, 31, 36, 38
, Building- costs -;^^»-»»»w_—,-.~'»^i,'_^w,___~, ___ „__• 9, 10
- Building permits,* __„_•„„ i _ _ _ , ..,,._ ..... -„..,,„ -- , 9
Business incorporations (new) , failures ^____•„
7'
Business population „ _ «__-__,_„,;•,.„,„.,_____:^ __ •' -• 2
• Business sales and 'inventories „:'_ „ . _ ~:_ ^ .-,; . .-. ' ' - 4, 5 . •
- 27 ,
'
'
Cans (tinplate) .l..;i..__^...^i..;.^..-;
, ' 33
, Carloadings_,»-___^1^.^__....;..'. ..'..i/..
', ' 24 •'
, Cattle and calves., »-.i.«4*A-«— «w— -*«
' •" 28
Cement and concrete prpdwcts— —-__»«--* 8-10, 38
. Cereal and bakery products; _:.;_.»;,,^___..... " 8
Chain-store sales, firms with 4 or more and li
or more'- stores ,'..„_„.".,,.'___._*.,,^__-.U-w;. »,-«-, '-"'12
•Cheese-, _____ __• ___ ___,.__,L - j - ^ - ' ' '_- " '•-' 27
Cfaenricals:-.-.-'..-.-™.---.^ 4-6, 8» ,13-15, 19, 2% 2.S- ;
_ Cigarettes at»d- cigars ____ -« .-^r L« -~ „:_;„__„„„,' $} 30'
''Ctvitiati employees, Federal _ m V_',___,_____^.: ____• -V, 14
Clay products _ _____ • ~-~.~A*. ,
1 ' '8,38
Coal ...... _-.„_„_,,•;.,.__:. 4, 8, 13-15/22, 24, 3S .
-Cocoa-;___-i^-i.^^1^____.^J______^»_«
23,29 •
, Coffee*. ~. _____ =,*.» _______ l-i^L.l.».»jj
'23,29
m.
2, 13-15, 20, 24
Confectionery,
_«_i^«»» • • '• 29 •.
•"""•'
Construction ;
.»*...«.il««..«--.»^.».
.
Costs__,___..______;«„-__.1..__'____i-*^ __ * ___ »^ ' 9,t 10
• Employ ment, hours* earnings, wages , ____ ~^' 13-16'
Highways and roatls~.~~*,_ ____ ,___~ __ 1« 1. __ ' §.,'10
Housing star £9. 1.te __ „„_,.___.-_'c,___J.___„__i__;'0
Neis? constr*ietion put in place - ., u , « i»_"^ _ >. „ „ - ,1 , 2,: 9- - '
Consumer credit ___ «v-l-« ,'____:__., ___ '^._ __ 17*18 '
Consumer expend! turei_»,*J____.,„;.,„ _____ ;__^.«,v- -'- 1,2
; Consuinaer goods output, index ^^.-,^_«™^__-„«„„• 3,4 .
' Consumer" price index.,,, --,'». _______ , ____ '„ • „ ' * . - 7"
Copjj«r-^^i.^«..,,ta--^,;V— ^-'_____-_u^' .23,3-3-"
Con*___^___„___'_____^.^i.«^«,___,w^^«-i,««^
'-27 '
Cost of living (see Consumer price index) ^-»:»
7
Cotton, raw £nd manufactured .UU— 7» 8» 22, 38, 39
Cottonseed cake jand'meal an<d oll«_ __ «__,*„' __ . : '30 ;
.- Credit, short - and' intermediate-term - ~ - - - - ~ - 1 ^*~'l 8- ' '
- Crvp9~-^-^ _____ »i-^_— -— —wi. ,3, 7,->2?f 28,-'30, 38'
/Crude oil .and^'natural gfts^.w* — C. *,-.—, 4, 13r;15, 3S Currency In circulation' _ l -"« __ ^, „ « ;___:,^__,,,.i_,,' '
19- Dairy .products j w _ -j „ j. j. « * „ „ _-^ „-„ « _ „ ~ „„..•„... 3, 7, "2 7 • Dcbit38»b«nkj--.->;.i^*.j;i._.»x----..-U.-».16
Debt/XI-S.-OoveFiinieptt^™,™,.^^.^^,^^™^^^^. - 18,'
J>epartfiaen.t stores :-___i-wl^t.-Ii.w--~*--w~.i- "1'1» 12/17Deposits, banfc.», -, ^____^^...^^-^ J-^LX— -16,1.7, 19 '
0lsputesf Industrial ___ ..-X---,— -,*— -«^.»:'; _____ • ' ''16
' Djstille'^ spirits.. I'^i..^.*.^.:^!--^*^.^;^ __ ^.' • '• 26
0lvidend payments, rates , and yields__,'.« 1,3,18-21
'Drug stores, sales^__.*--.*.*^-'«.^-.'— ».J.--. -11, It,,
Earmnga, weekly and hourly
14-16
11* 12
Bating and drinking places____
Bggs and poultry _________ »._____,-, ------ .~ 3, 7, 29
BJectqc power«________:«.^,_____________,. 4, 8» 26
3,
Electricai machinery and equipment --------5,6,13-15,19, 22,34
Employment estimates^,_______:_____________: 12-14
16
Employment Service activities*._____~_______
18
Expenditures, U.S. Government. „„..,____:___~25
Explosives „„»,„ _____ ,____.,________^_____„-„
Bxpor ts (see also indi vidual commodities )___~
1»
2, 21-23
23
Express operations »_—,-.,-,...-, ___ - _______ , ____
National defense exf>endit«r*s ---- ..— ..____* t, 18
Hationalihcome and prodttict___,.___,. ____ ___ 1,2
Hational parka, viwte^.....^- ___ -___"________• 24
Hewsprint_____,.,____i...-^^— ----- „-_._., 23»'37
New York Stock Exchange, selected data __,.* 20, 21
Nonferroua metals____......*^^ ___ 3, 8, 19, 23, 33, 34
Noainstallment credit. ^________..^-.^_____- 1?« 18
«___.^..___«...._.-._
__ —.^__„__..^.^-___________-.,___-
34
Otis and fats...____„-.„.____^...,...... 8, 22, 29, 30
Orders, new and unfilled, manufacturers*,, ; ____ 6
-Ordnance___•__________.---__________-*.L-
• Paint and paint materials— ___..;_______•• 8,2-5 '
7
Failures, industrial and commercial—.^ ________
Panama Csaal tralBfe^.— — ,~-^.______..^- • 24
Fans and blowers ____ ,:______-____.— ________ ,34
,
Paper and products and pttlp- -„—,:___^ ---- « __ 3*
Farm income, marketings, and pricet __ „„_____1, , 7
C 6t 8, 13-15, 19, 23, 36, 37
Farm wages ___ „__„„, _________ ,___,--«„___: ___ $>&
' Parity ratio ---- ,.....*_________.____*_____„
' 7;
Fats and oil8_. ..... ____ ....... ..... 8,22, 29, 30
Passports
issued
__
„.
___
^...^.^
____ ,___, ______ 24
18
Federal (Government finance- ______ „,_______.Payrolls, indexes. _<-_„.;___.__i..»*...^'__^.:____- : 14
Feder a! Reserve banks, condtt! on of___„____! . 16
Personal consumption expend! taret____,„,,___,.
1, 2
17
Federal Reserve member banks ----- ------25
Personal iacom«...—- ,.... — ...,,.•..-•____—. - 2, 3 :
Fertilizers ___ „ ________ -._.
' _______ : _____ , _____ - 8» ,10
. Petroleum and • products- . — ~.~~ ^ «-.—..->___•. . 4«*6»
..
8, 11, 13-15, 19, 22, 23, 35, 3S
29 Fish oils and fist*
' Pig1roo......-_.*i:^.j,.____,...^»......... - 32,
31
Flooring, hardwood
Plant and equipnient expenditures-_____,.^_ __ 2S 20
28
. , . w . «____....*.—....______Plastics and resin- materials ____ ,fc'...^»-. ___ •__• ; • 25."
Fdod products^,. 4~8» 10, 11* 13-15, 19, 22, 23, 27 30
Population, ...___i-.*i*^.-......».^......».. ' .'"12;'
• Foreclosures,, real estate____,_,_, T _ _________ : ___ ' 10
Pork......._____'_._ ..... .-....-„-..,...... ,"'28 •
Foreign trade (see also individual commod,)_. fc 2 1 23
17
34" - Postal sayings____*„.-..-.____.«™.....^j..
Fou»dry ecJuipment- .-___- ______ „ ___ ;. _______
Poiiltry aad ejap..,____..____,...__„__,____„.. 3, 7, 29 '
Freight carloadings—-_________-.'...._______.~
24
Prices (see
Freight cars (equipment),™___.......________4,40
' also individual commodities) .1... 7, 8
, . . . . . « . . ^
.
' Fruits and vegetables.,^ _„_______„...„...-. 7, 8, 22
- - Profits^ corporate- „* , -'___..^*.^.. J.'.-;___J.-.' ;. lv'1-9 ••
Fuel ofi__mv__.;____„_ ...... ....„____,. 35, 36
Public utilities-..™.-:...-;.-. 2-4, 7^9, 13-15, lf~2l
..... ,____......X____-________~ 4,8, 35,36
Pullman Company*,™.,: _____ ;_ ___ .__,__-.„..;__».. - • - ' 24 '
,34-.
Pulp and pulp wood- "^.___'____.».«.. J-..-...-. , -'36
3, 4, 8, 11-15 17
-Purchasing power of the dollar ____ ,___ __ -J»,^-,^»,_
. &_
2-3,
' Radiators and convectora,^'.^^^.^____':__v ^— -- :" 34 ;
, Radio &,nd 'television^. ..J.^:«i.__..„• '4, S, 10, II, 34
__ ._______.'___.„„,,„'..,. 38•RallHiads.i^..^^^.^ 2, 13, 14, 16, 18, 20, 21/2*. '40'
Railways <local)-and bus liaet. .-..I..™. 13-i$»-J93
Rayon- and aoetatc..^!^.'.^-^.'^.^...^— ,^«.^« - ' - 39
-~
. . . . . .
.Real -e§tate..U..^.^.^.^.,ii^^^.^.: -10; 1.7^18.
•
s and prbdud»'»-.U'J..u...-. 7, 8, 22».24» 2,7, 25
Receipts, 0.S. Gd^erntssentu.^ __ '^.-.JiV— !--u' ; " 1$ ,
ry stores^ v.--.____....___.,..-•«..„..*... 11, 120ro»s national product^ »: ______ •„ ____ ;__,_, __ < ___ ' -'-1,2
''Recreation — ...-.___-^___c**;~-^-__-•—'-•___•— - • - • " , * '
Relrigera tors And home freezers __ „. ____ ;^~ ___ «,-" ^ 34
G? out private domestic investment, »„;,;__.... 1,2'
Rent (housing) __ l-i.C-.i.';.*.^^;___^-.•.ii*__* — .-'-"• 7
Gypsum and products.. „__I;..,._______I-W^L- 8,38
Retail trade ..... '_____^.A^U.. 4, S, 7, Ilr>15,'l7,t8
- Rice^ii...™....^..^..^..i;^2i.^*...k.-*-«. - ^7 •
Hard ware stores ..V^w^.L^l.,_____-..,_______
11
Roofing and aiding, asphalt,- ___ ^,^i.....____*.
'3'S •
Heating equipmeat.^-.,___i.-___;„„•__.'-.^.^..i-'.'' 8,34
- -Rabl>er and products (incl. plastics)- , .. ^ i . , ^ , ^- - 4-6, '
Hides -and, skins—....„____.____._______„_ . 8,30
: - :,/
-:-'•-•
, - . - ' - iR/13-lS, 23» 37
•Highways and 'roads— -„_-__*.,___..i.. _____ 9, X0-.
- Ryc.-.-.«-^-.- »:»;.•. -:r.i.->...^.A-»— w.Li...^.;
27
0pgs_____^«..™..^..^^.C...^....»._ - 28
Home Lo«n b#nks» outstanding ad vances^ .-.II
10
Savrag,
personal..,__
.^
__
_^
__
,
__
.-.«.
__
^.i,'
__
.«.-.
"
,
;2 "
..-___'.^«..»<___i.,_____t — -.• . 10
$avi,3*gs dep'ostts — »i..--.^..«.ir.i.*..-..-.i.«. - "17
'.___._'-__,»__: .. • • .
' --40
Securities'
Itstued
.,
__
;._
______
-.-,
__
_:__.,.„_,„.._,<,;•
19,20
. ^ . . . w - ^ . . . . . w - . . — ....-.-..-. 14,; 15, 24 ' .Security markets .i-l.=__,4...^___^»»_» _«™ 20/21
w
..Hours of work' per,- week__"_„••___-^....T..,_, ___ 14
Serylces..— ...^jli...".^^^^.^..-,..* l,"-a, 13K1S '
'Houscfurnlstittifs-^*-..-!,,-.-.-*-.-'______'' 1, 4, 7, 8, 10-12
- Sheep aadl«mbs^«-_««..,--»u--.--^^_«»,.."', . , 28
Household appliances and radiot , ...»____4, 8, 11, 34
Shoes and other footwear ,.....-...^___« '§. 11, 12, '34*
Housing starts ana perm its.-,, , „ „ _ i'l _.Z' „ _ ______. „
,'9
- Saiwr..— ...^..-«-.-.-J^..w.l.-..Jj. ____ „;.-.«... -. , 19\:
Soybean-cake and tiseai and csH* «- ..___..j^Z ' • ' • 30 •
Imports (see also mdl vidual commodities},, 1,2,22, 23
Spindle activity, c6tt«i.'^.^^^l.l-^.-..jjj.. '. 39':
In€ome,-personaU~wi.'-,___,..,!.•___v___.:____.___', - 2/3
Steel ingots and' steel manufactures __„.„.,,,,>.,_,_ ,32/33
Itteomeand emptoyment tax teceipt» . •____; ___ • '18
-Steel
scrap, i ---- x..^_____,w-.*.*.^.^.^.^.^- -:- " '32-:
Industrial prcsduction indexes:
- • Stock -prices, earnings, sales, etc».^^__-...i.'.--^. 20, 21 By iu.duitry^»-*.->.u-^»-^- ----- .«-.i.»...^ 3.» 4
- Stone, clay, glass --products ...v- -3-S, 8, 13-15, 19*-38,
, By ntairket -grouping-^- ..«._____,.^.,___.-..^- • 3,4
Stoves niid ran^w.^^i.'.Jw».»..__Z^-T..^-^.^. • . 34"
' Inttallment credit_____-....^______-__ I2 t i7, 18
laatallment sates, department stores,.,,:______„ '
12
;
2S-"
M,...
Instruments and related prod«cto ------ ^^^ 3, 13-15
2S
-Sulfuric acid.
Insulating materials__^-.^.^.__i«. __________ , 34
' 2S"'
Insurance, Me ----- ,w.^....^.«-.LiJ__'..'.-_____'18,19
' - Interest and moaey rates,,,* __ .X ____ f ____ ,_„„, , ' 17
'l^ea imports- 1.___te.::—' — *,—,_i —;*a..w..^.
-29 '
Inventories, manufacturers* and trade ..„ 4-6, II, 12
Telephon«?» telegraph," cable»' .and-'- radlotele- ' - ,
Inventory-sales ra.ttos-*-w_-_' --- _-„_,„ ____ .____1_ • •' 5 .
graph €»Jtriert.'...^....-j;.— ..,-•». A-'-i- 13-15,' 24Iron and steel .. 3, 5, 6, 8, 10, 13-15, 19, 22, 23, 32, 33
Television and radio- ..___;___c.'___•'.____4,8t 10»'1J, 34 ^
Textiles and products.- 3, S» 6» 8, 13-15, 19^ 22, 38-40
Labor Advertising indbx, disputes, turnover--™
Xin,._____.______.l^.--.!.^*^^.^ __ ^.— ,;____,.«.___.--23,33
16
ILtiibcNr force.... — .-„_,—.«_„ — .- ---- ..-...-.„ '
12'- - Tires and' inner tubes,, ___^«:.^^w 8?11»- 12.,' 37- '
Lamb and mutton-___,_____
*,____:_.________. __ 28
• Tobacco and mannfacttsres___t,' 4~8t 10; 13»t^y22^30
'
g'8
Tractors™^-____.....^ ---- •_____^..*.....^..S22,34.Trade (retail and wholesale)'^ •--»..____~ ^ ^. -. 4, 5 , 1 1, i 2 •
-..
___
-»---,
-33- Leather .and prodoctf____,.....-— ^3,8* 13-15» '30^-31 '
Transit .lines, local --- »...U-__.— "-.___r-*^, ___ ~. -23
Transportation- „> .^......^-— t, 2, 7* .13-JS, 2'3, 24 •'
Life inwirance.,.--.----. _______ •»- ____ . ___ ,: ___ »'- __ •- 18, 19 Lix»i®ftdom-' ~~ __ - _____ . __ , ____ y _____ - •*.- «,
'30
Transportation tqilipmeatX <._'.«..;>• 3-C 13~1§»-'1'9, 40-,.Livestock. .-.„-..Vw". ^. ..... .',._____. 3, 7,8,24,28 '
Travel-___.____•...^.-.»,.-.l.^.i,-j,.»1:.*J.;___23, -24
Loans, real estat«» agrictilttiral, bank> brokers*
Track trailers*— ....^:__„ — ^«*J-__^.....iLl:.. ' 40
(see also Consumer credit) .....-.-- .. 10, 16, 17, 20
Trucks <industifial and:other) .^..^..^^.A__1. -,34^40 ,
Lubricants. ..v_____^....-^ ......... ...^.".35,36
Lumber and products ---- ~~^^- - - - 3, 8» 10r-15, 19, 3 1 - Unemployment mud i
..!;,^.^,-...;___... 12,18
O.S, Government bo
.«i^.^-A.».. - 1'6-18, -20.
'
U.S.
Government
finance.
;..
__-^.....^.^,__"
18
Machine tools J____^.^..___......^ _________ . 34
"
' 2^, 9, -13-1 5, 18-21,, 26- '.
Machinery. .„.--,____.-.-. 3, S, 6, 8, 13-15, 19, 22, 34
'Mail order house 8,'sates.,;.______^^______. ___ II
Vactimm cleaner*___..„'«•__... ..l-L.^_____J.*.1 .- - "34Manmade ibers and manufactures- , ^___:...,, 8 , 39
' - Variety 'stores .:..,..____.....^.^-*:____^^^^ It, 12 "
Manufacturers* sales (or shipments), inventoFegetahle oils_____...... .^.'..'____-___,__.___- ' '- 30
ries, orders ___ ^ - , ^ ^. ------„ ^ ----- «. _ ,' ______ 4«*6
Vegetables and'
fttpti...-.!...^^.....-,-*-..*7, 8, 22 ,
Manufacturing employment, production, workVessels cleared, in foreign trade— ^-:.^.«^.-J-<. • .-'24,
erg, payrolls, hours, earnings -------- „___•.. 13-15
.
Veterans'
benefit...
-4....^^
____
....^..^..^
t6,-18.
;
Man uf a cturin g production indexes j , -___' . . ^ __ 3; .4
,M«rg«ri»e-w..-.'.'..w. __ i*.!.^. _____ ^...., ______ , - 29'
Wages
and
salaries
^-_^
__
^..-.w-^.
---,.,.«*.
l,-3i--14.~t6
Meat animals and meata -•*..-_______... 3, 7, 8> 22, 28
' Waahenr and- drier*" ^,--.l..wC...^^-,iw-u-» ' 34 .
"Medical and personal care...._____- _____ . ___ - 7 '
Water -heaters____..„'.____;-...-..j:___~—__- *. " 34."
Metals____L..V....... 3-6, 8, 13-15, 19, 22, 23, 32-34 •
' l^ilfc ..... '*,:.,______....•____....^...'j....j •- 27. :.Waterway .traffic-.L.—...-..^.^^.!^^.^.,..^- • ' 24
Wheat
and wheat flour ____ ____-.---___••__i-28
Mmlog «nd^ minerals^ ^ .. j.-." ---- 2-4, 8t 13-15, 19, 20
Wholesale price indexes'__..'..'.^ —,__•— ...-* ' ' 8 *
•'Monetary statistics--^ .^^...^.i.___...^__,.-__'.-, ; 19
:
Wholesale
trade......:
____
•
____
„__
_____
4
5
7,l3-15
8 t
' Bfopey supply ----- f.L^.-'-'— ».-*_____.__• _____ ' 19 .
'-Wood palp_____.......1.....*.,^-— i..^-.^«
-36 ;
Mortgage applications, loans, rates_____.. 10* 16*17
Wool and wool mamifactiires~>~~..,_____. 7,8,23,39
'"BAotorcairiiacif-...'-^--,;____•____~____-____t. 23,24'
Motor vehicle*',— .. 1, 3-6, 8, 10, II, 13-4$* iS, 22, 40
•-.Motors and genera tora;....^^-..____;__:^~. ____ 34
^nc,v™— .-»-™fc.-.^-^— *-___,-:^...^w— 33, 34
Gas,, output, prices, .sales, re venues*-.'-__*.«,«- '4, 8, 26
,i^i.^^^w__^____,L. 1,35,36 '
UNITED STATES
GOVERNMENT PRINTING
POSTAGE AND FEES PAID
0. S. GOVERNMENT PRINTING OFFICE
WASHINGTON. D.C.
r
First-Class
ICIAL BUSINESS
Volume 45
Survey of Current Business
Numbers 1—6
First-Half 1965 Index
of Special Articles and Features
SPECIAL ARTICLES
No.
National Income and Product in 1964
The Balance of Payments
Employment—Prices—Finance
The Federal Budget for Fiscal 1966
Excise and Sales Taxes
..
Business Investment and Sales Programs for
1965
...
The U.S. Balance of Payments in 1964
The Relationship Between New Orders and Shipments: An Analysis of the Machinery and
Equipment Industries
,... .
Page
1
1
1
2
2
4
16
19
8
13
3
3
5
10
3
24
Personal Income by States, for 1964
Disposable Personal Income by States in Current
and Constant Prices.............: . « • . . . . . . . . .
Recent Money Market and Credit Developments.
Construction Activity in the 1958 Input-Output
Study...
.
The Balance of Payments in the First Quarter of
1965.......
.
Foreign Travel Payments Hit New High in 1964.
No.
4
Page
13
4
5
16
7
13
6
6
10
24
JVb.
Page
4
4
5
6
7
10
2
3
FEATURES
Durable Goods New Orders and Backlogs
Changes in Personal Income
Recent Shifts in the Auto Market
Manufacturers' Sales and Inventory Expectations—First Half 1965. .
First Quarter 1965 GNP.
Economic Activity in March
No.
2
2
2
3
4
4
Page
An Evaluation of Manufacturers' Current
Capacity
The Farm Situation in 1964.
Recent Housing Activity.
Capital Expenditures to Rise Throughout 1965.
Manufacturers' Inventory and Sales Expectations—Second and Third Quarters of 1965....
LATEST SUPPLEMENT
Business Statistics—1963 Edition
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