Full text of Survey of Current Business : March 1966
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MARCH I960 / VOLUME 46 NUMBER
CONTENTS
THE BUSINESS SITUATION
U.S. Department of Commerce
John T. Connor / Secretary
Summary
1
Corporate Profits Rise
National IncomJe and Product Tables
Manufacturers' Inventory and Sales Expectations
for the First Half of 1966
3
4
Oifiee of Business Economies
" . .-
George Jaszi / Director
Morris R. Goldman Louis J* Paradise*
Associate Directors
Murray Fr Worn / Editor
Leo V. Barry* J*» / Statistics Editor
Revised Projections of Foreign Plant and
Equipment Expenditures by Affiliates of U.S. Firms
' ; ; ; ; " . ; /, ^
ARTICLES
Business Investment and Sales Programs for 1966 —
Substantial Advances Anticipated
The Balance of International Payments s
Fourth Quarter of 1965
Billy Jo Hurley /Graphics
•STAFF CONTRIBOTOBS TO THIS ISSUE
16
CURRENT BUSINESS STATISTICS
General
S24-S40
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Walthei* Lederer
Samuel Pizer
Evelyn -M* Parrisk
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Marie F» Hert«berg
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BUSINESS SITUATION
JT EBKUARY was still another month
of strongly rising business activity as
aggregate demand surged higher,
mainly under the influence of increasing defense outlays and business expenditures for new plant and equipment.
Rising demand continued to swell
labor requirements and cut further
into unemployment. The pressure of
demand against supply has been especially noticeable in financial markets,
where interest rates in February maintained the sharp climb that began
early in the winter. In commodity
markets, wholesale prices of farm products and foods rose markedly while
prices of industrial commodities advanced over a broad range of products.
The sustained advance in economic
activity has prompted businessmen to
program another large annual increase
in fixed investment. According to the
latest OBE-SEC survey, reported in
detail on pages 9-15, 1966 outlays for
expansion and modernization of business facilities are scheduled to rise 16
percent over the 1965 total, and the
advance is expected to continue through
the year. From 1964 to 1965, investment increased 15% percent.
Consumer demand has continued
to show considerable strength. Revised figures indicate that retail sales
in January, after seasonal adjustment,
were above the December rate; advance
data suggest that February sales were
maintained at the January peak. The
February sales rate was about 2 percent above the monthly average for
the fourth quarter of 1965.
It is still too early to tell whether
inventory accumulation in the current
quarter will be larger or smaller than it
was in the fourth quarter. Present
information indicates that inventory
demand is moving lower. In January,
total trade and manufacturing stocks
(book value) rose $0.6 billion, after
seasonal adjustment, as compared with
an average monthly rise of almost $1
billion in the quarter before. Manufacturers have reported in the latest
anticipations survey (see pages 5-6)
that they expect to increase the value
of their stocks by about $1 billion in the
current quarter, well below the $1% billion rise in manufacturers' inventories
in the last quarter of 1965.
the economy. The factory workweek
in February rose to 41.6 hours, the
highest seasonally adjusted level since
World War II. More than 4 hours of
the workweek were on an overtime pay
basis.
Unemployment, seasonally adjusted,
fell to about 2.8 million persons in
February, the first time the total has
dropped below 3 million since mid-1957.
Personal income rises $4 billion
Rises in employment and weekly
hours of work, coupled with further
CHART 1
Employment
down
up,
unemployment
The sharp advance in economic
activity since late last summer has been
accompanied by large monthly increases in employment and in average
weekly hours of work in nonfarm establishments. In February, employment
rose by more than a quarter of a million
persons on a seasonally adjusted basis,
bringing the gain over the past 6 months
to \% million, or 3% million at an
annual rate. This is more than twice,
the average annual increase from 1961
through 1965.
Nearly one-half of the February employment advance occurred in manufacturing; gains were especially large in
the metal-iabricating industries. Trade,
services, and government each reported
employment increases of about 50,000.
Along with the substantial gains in
employment, production employees in
manufacturing have been called upon to
work increasingly longer hours to accommodate the expanding demands of
Business Expenditures for New Plant and
Equipment
Businessmen project increase of $8 /* billion or
16 percent from 1965 to 1966
Billion $
60
Nonmanufacturing
[ Manufacturing
TOTAL
40
'61 62
* Anticipated
1965
1966*
Quarterly, Seasonally
Adjusted at Annual Rates
Data: OBE-SEC
U. S. Department of Commerce, Office of Business Economics
SURVEY OF CUEEENT BUSINESS
increases in rates of pay, brought about
another sizable advance in wage and
salary disbursements during February.
These increases, together with extended gains in property incomes, led
to a $4 billion rise in total personal
income for the month, for a seasonally
adjusted annual rate of $556.3 billion.
Payrolls were up $2.8 billion in
February. About half of the gain
was accounted for by manufacturing,
and the rest was divided about equally
between private nonm'anuf acturing and
government. The large rise in payrolls since the fourth quarter—more
than $8 billion from November to
February—suggests that the current
quarter will show another substantial
increase in total output.
Personal interest income, reflecting
the higher rates available to savers,
has risen this year, and income received from dividends has also continued to increase. Transfer payments
rose an additional $0.3 billion in February, after a $1% billion increase
over the previous 2 months combined.
Wholesale prices advance
Wholesale prices rose sharply in
February with an overall increase of
0.7 of 1 percent. Farm prices were up
2 percent, food prices about IX percent
and industrial prices 0.3 of 1 percent.
Normally, farm and food prices decline
from January to February while industrial prices as a group are unchanged
or slightly lower. Prices of most major
groups of industrial commodities were
higher in February. On an overall
basis, industrial prices are now 1.9
percent above their year-earlier level.
The consumer price index was little
changed in January after increasing
throughout the fourth quarter. Although retail food and clothing costs
were up on a seasonally adjusted basis,
a number of items were lower. Household service costs declined because of
the tax reduction on local telephone
service, and new car prices reflected
the further 1 percent excise tax cut.
Seasonally adjusted price declines—not
associated with tax cuts— were reported
for used cars and for home heating oil.
Credit less easy
Credit market conditions tightened
during February as monetary policy
appeared to become more restrictive.
Although member bank borrowings at
Federal Eeserve Banks were not much
changed from the average level in last
year's fourth quarter, they increased
somewhat from January. Net borrowed reserves (excess reserves less
CHART 2
Construction Activity
Up in early 1966...
Billion $
80
March 1906
borrowings) of member banks averaged
$105 million in February, as compared
with $44 million the previous month;
in the first 2 weeks of March, the level
of net borrowed reserves averaged approximately $200 million.
Loans at commercial banks, which
increased rapidly during the fall and
early winter months, showed a smaller
advance in February. The seasonally
adjusted rise of $K billion in outstanding loans was the smallest increase
since September, much below the average of about $2^ billion per month
from October through January. Money
market rates continued to advance in
February over a broad range of maturities. In early March, a number of
major commercial banks lifted the
prime rate on business loans to 5%
percent, the second half-point increase
in 3 months.
Construction spending higher
70
60
50
UJ\
With a further strong gain in private
nonresidential construction and some
improvement in residential
60
61
62
63
64
65
66
Quarterly, Seasonally Adjusted at Annual Rates
1959
• Average of January and February
*Estimates for public construction prior to 1963 are not strictly comparable with
subsequent data
U. S. Department of Commerce, Office of Business Economics
Data: Census
66-3-2
So far in the current quarter, the
value of new construction put in place
has shown a large seasonally adjusted
rise because of increases in private
outlays. Private nonresidential building activity has been especially buoyant,
reflecting the rapid pace of industrial,
commercial, and public utility construction.
Outlays for private nonfarm homebuilding, after declining in the third and
fourth quarters of last year, picked up
in the early part of this year. The
most recent increase is a reflection of the
seasonally adjusted rise in housing
starts in November and December of
last year. In January, and again in
February, both starts and permits fell.
Spending for public construction has
shown little change since the fourth
quarter and indeed has been virtually
unchanged over the past year. The
Federal Government appears to have
slowed down Federal construction programs, and higher interest costs may
be acting as a deterrent to new construction by State and local authorities.
SURVEY OF CURRENT BUSINESS
March 1 6
96
year, and, after a brief pause, moved up
modestly in the third and fourth
quarters.
In general, profit margins have risen
throughout the current economic exabove the 1964 total. This was the pansion, which began in 1961. This
largest year to year gain since 1959.
pattern is in marked contrast to the beLast year's advance in profits was havior of margins during the economic
substantial in all industry groups. advances of the 1950's when—after the
The rise was especially marked in early period of economic expansion—
durable goods manufacturing, and in the rise in profits generally lagged bethe transportation industries, where hind the value of output.
increases in volume had a considerable
effect on earnings.
Book profits rose $10 billion in 1965,
CHART 3
and since taxes were up $2% billion,
Shares of Profits and Employee
after-tax profits rose $7K billion, or
Compensation in Corporate Gross Product
one-fifth. The sharper rise in after• The profit-output ratio in the fourth quarter
tax than in before-tax profits reflected
of 1965 was the highest in the current
the second phase of the 1964 income
business expansion
tax cut. Most of the increase in
• In the two previous business expansions, the
ratio peaked in the first year of recovery
after-tax earnings showed up as undistributed corporate profits, which Index, GNP Trough=100
140, , , .
rose $5% billion or 28 percent.
Corporate Profits Rise
CORPORATE profits rose" $1% billion
(seasonally adjusted annual rate) in
the final quarter of last year to reach a
new peak of $75% billion, according to
preliminary data. Most industries
shared in this advance, with large gains
being scored by durable and nondurable
manufacturing, finance, and public
utilities.
The fourth quarter rise in book
profits was even greater- $2% billion-—
as higher prices on goods in inventory
added $% billion to the $1% billion
advance in profits as measured for
national income purposes. Tax accruals rose $1 billion and after-tax
profits accordingly increased $1% billion, to a total of $46 billion. About
half of the gain in after-tax profits was
paid out in higher dividends, while
half increased retained earnings.
4
Profit margins rise
As chart 3 indicates, profits rose relative to the value of corporate output in
1965. Last year, corporate profits were
18 percent of corporate output as compared with 17 percent in 1964. Margins rose sharply at the beginning of the
Profits up 13 percent
Corporate profits moved up very
sharply in the opening quarter of last
year and continued to rise in subsequent
quarters at a slower pace. For the
year as a whole, profits amounted to
$73 billion—13 percent or $8K billion
-
120
100
1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4
1961
1962
1963
1964
1965
140;
Table 1.—Corporate Gross Productl
(Billions of dollars)
1965
1965
I
II
III
IV
Seasonally adjusted at annual rates
1 2 3 4 1 2 3 4 1 2 3 4
1958
Corporate gross product ..
2388.2
380.4
Capital consumption allowances .
36.1
Indirect business taxes plus transfer payments less subsidies
37.2
Income originating in corporate business
Compensation of employees
Net interest....
_
Corporate profits and inventory valuation adjustment
Profits before tax.
Profits tax liability
Profits after tax
__
Dividends .
Undistributed profits
Inventory valuation adjustment..
__
_
35.4
35.8
36.3
36.8
37.0
36.8
37. 0
307.9
311.5
316.6
324.0
242.8
246.3
249. 7
255.0
-3.1
-3.0
-3.1
-3.1
-3.2
68.1
68.2
70.0
272.2
71.2
30.1
41.1
17.5
23.6
-1.6
69.6
29.5
40.0
16.5
23.5
-1.4
70.1
29.8
40.3
17.1
23. 2
-1.8
71.2
30.1
41.1
17.8
23.2
-1.2
74.0
31.1
43. 0
18.7
24.3
-1.8
1 Excludes gross product originating in the rest of the world.
2
Corporate profits and total corporate gross product are based on preliminary data and are subject to revision in next
month's SURVEY.
1960
37.6
315.0
1959
2398.4
269.6
...
389.9
248.4
_
_
384.0
120*
95
.
8 9 1011 121314151617181920
Quarters from GNP Troughs*
P=GNP Peak
*The cyclical troughs in GNP are 2nd qtr. 1954,1st qtr. 1958, and 1st qtr.
1961.
U. S. Department of Commerce, Office of Business Economics
66-3-3
SURVEY OF CURRENT BUSINESS
March 1966
NATIONAL INCOME AND PRODUCT TABLES
Table 1.—National Income by Type of Income
Table 3.—Relation of Gross National Product, National Income,
and Personal Income
(Billions of dollars)
(Billions of dollars)
1964
1965
1964
1963
1964
1965
IV
I
II
III
IV
1964
1963
1965
Seasonally adjusted at
annual rates
National income
481.1 514.4 554.7 526.3 540.6 549.5 557.9 570.8
341.0 365.3 391.9 375.4 382.4 387.9 393.7 403.6
Wages and salaries
311.2 333. 5 357.4 342.6 348.9 353.6 359.0 368.1
251. 6 269.2 288.5 276.5 282.0 285.9 290.0 296.1
10.8 11.7 12.4 11.9 11.8 11.8 12.3 13.7
48.8 52.6 56.5 54.3 55.0 55.9 56.7 58.3
Supplements to wages and salaries.
Employer contributions for
social insurance
Proprietors' income
31.8
34.5
32.7
33. 5
34.3
34.7
35.5
15.0
15.4
16.3
15.7
16.0
16.2
16.3
16.6
16.5
18.2
17.1
17.5
18.1
18.4
18.9
12.1
2.7
_
29.8
14.8
Other labor income
Employer contributions to
private pension and welfare funds. ._
Other
13.5
2.9
50.8
51.1
51.8
54.5
51.9
54.6
55.4
I
IV
II
IV
III
Seasonally adjusted at
annual rates
Compensation of employees
Private
Military
Government civilian
1965
56.2
Business and professional
Income of unincorporated enterprises
Inventory valuation adjustment .
37.8
39.1
40.3
37.8
39.1
40.7
.0
.0
—.4
Farm
13.0
12.0
14.3
12.2
12.0
14.5
15.0
15.5
Rental income of persons
17.6
18.2
18.6
18.5
18.5
18.6
18.6
18.7
Corporate profits and inventory valuation adjustment
..
,_ -
58.1
64.5 173.1
64.9
71.7
72.0
64.8
74.7
65.9
73.1
73.9
74.6
77.0
26. 0
32.6
15.8
16.8
27.6
37.2
17.2
19.9
30.1
44.5
18.9
25.6
28.1
37.8
17.7
20.0
29.5
43.6
18.0
25. 7
29.8
44.1
18.6
25.5
30.1
44.5
19.2
25.3
-1.6 -1.0 -1.4 -1.8 -1.2
Less: Indirect business tax and nontax liability
Business transfer payments
Statistical discrepancy.
_._
52.8
Less: Corporate profits and inventory
valuation adjustment..
Contributions for social insurance
-- -•Wage accruals less disbursements
58.7
56.9
57.7
58.3
54.6 58.0 62.0 59.3 61.5 61.4
2.4
2.2
2.3
2.3
2.3
2.3
— . 7 -.5 1-.2 -2,2 -3.1 -1.4
Plus: Subsidies less current surplus of
government enterprises
Equals: National income
55.7
59.1
59.8
536.5 573.0 617.5 584.3 599.9 610.5 622.4 637.4
1.2
1.2
1.5
1.4
62.0 62.9
2.3
2.3
1.4 12.4
1.2
1.3
1.1
481.1 514.4 554.7 526.3 540.6 549.5 557.9 570.8
58.1
64.5 i 73. 1 64.9
71.7
72.0
73.5 i 75. 2
26.8
27.8
29.5
28.9
29.2
29.6
30.2
.0
.0
.0
.0
28.4
.0
.0
33.0
34.2
36. 8
34.4
36.0
35.1
38.9
37.3
17.5
15.8
2.2
19.1
17.2
2.3
20.
18.
2.
19.5
17.7
2.4
19.9
18.0
2.3
20.4
18.6
2.3
20.8
19.2
2.3
21.1
19.9
2.3
-1.8
15.2
Equals: Net national product _
31.1
45.9
19.9
26.0
13.6
_ 589.2 628.7 676.3 641.1 657.6 668.8 681.5 697.2
73.5 175.2
58.6
Gross national product-- -
Less: Capital consumption allowances-
Profits before tax
Profits tax liability
Profits after tax
__
Dividends
Undistributed profits.
Inventory valuation adjustment. .
Net interest
-.
39.6
16.5
15.7
39.9
16.
40.1
40.4
16.4
40.7
Plus: Government transf er payments
to persons
Interest paid by government
(net) and by consumers
Dividends
Business transfer payments
Equals: Personal income
16.7
464.
495.
530.
507.
516.
524.7 536.0 546.0
i See footnote table 1.
17.1
1
Fourth quarter corporate profits share and national income total are based on preliminary
data and are subject to revision in next month's SUEVEY.
Table 2.—Government Receipts and Expenditures
(Billions of dollars)
1964
1963
1964
1965
rv
I
II
III
rv
1963
1964
1965
Federal Government receipts
114.3 114.5 1124.1 116.8 123.7 124.4 122.7 1125.3
Personal tax and nontax receipts. . 51.5 48.6 53.9 49.8 53.5 54.8 53.2 54.0
Corporate profits tax accruals. _ _ _ . 24.5 26.0 128.3 26.5 27.7 28.0 28.3 129.2
Indirect business tax and nontax
accruals
15.3 16.1 16.7 16.4 17.7 16.7 16.1 16.3
Contributions for social insurance. 23.0 23.7 25.2 24.2 24.7 24.9 25.2 25.8
Federal Government expenditures -__-_ 114.0 118.3 123.3 117.9 120.1 120.6 125.6 127.0
Purchases of goods and services.... 64.4 65.3 66.6 64.3 64.9 65.7 66.5 69.2
._
29.2
27.0
2.2
29.9
27.8
2.2
32.1
29.9
2.2
29.8
27.7
2.1
31.2
29.2
2.0
30.6
28.2
2.4
34.1
32.0
2.1
9.5
1.5
10.6
1.6
11.5
11.8
10.9
1.6
11.2
1.8
Indirect business tax and nontax
accruals
Contributions for social insurance.
39.2
3.8
41.9
4.1
45.3
4.3
42.9
4.2
43.8
4.2
44.7
4.3
45.9
4.4
46.6
4.4
10.8
10.8
11.0
11.7
12.0
72.6
68.6
70.8
72.1
73.2
74.1
63.1
6.5
68.2
6.9
64.3
6.6
66.4
6.8
67.8
6.9
68.9
6.9
69.8
7.0
.8
.8
.8
.7
.7
.7
.6
3.1
3.3
3.1
3.2
3.2
3.3
3.3
1.4 11.7
1.9
1.1
1.1
2.2 12.6
12.0
7.8
8.4
8.8
8.4
8.6
8.7
8.8
8.9
11.6 11.7
1.8 il.9
Personal tax and nontax receiptsCorporate profits tax accruals
67.2
11.7
See footnote table 1.
75.4 176.7
11.4
1.8
58.3
6.0
Net interest paid
1
73.2
62.2
11.0
-3.8
71.8
Purchases of goods and services....
Transfer payments to persons
10.8
Surplus or deficit (-), national
income and product accounts
70.5
11.4
10.8
4.7
4.6
4.5
i ^7 -1.1
3.6
3.8 -2.9 1-1.8
4.5
68.6 174.3
10.4
11.4
4.5
63.1
9.1
10 4
4.3
State and local government receipts
State and local government expenditures -_ ..
..
9.1
3.6
IV
32.5
30.3
2.1
Grants-in-aid to State and local
governments
._
Subsidies less current surplus of
government enterprises
III
II
I
IV
Seasonally adjusted at
annual rates
Seasonally adjusted at
annual rates
Transfer payments...
To persons .
To foreigners (net)
1965
1964
1965
4.4
Federal grants-in-aid
Net interest paid
Less: Current surplus of government enterprises
2.8
Surplus or deficit (— ), national income and product accounts
.9
Manufacturers' Inventory and Sales Expectations
for the First Half of 1966
ratio is little different from the actual
ratios at both mid-1965 and yearend
1965.
Nondurable goods producers expect
to add $400 million to inventories this
Durable stocks up more than non- quarter and $500 million next. These
durables
are lower than fourth quarter 1965 adDurable goods inventories rose from ditions, but exceed additions earlier in
$1 billion to $1^ billion per quarter 1965. Most major industries anticifrom March to December 1965. Pro- pate increases in their inventory holdducers in these industries are planning ings, with chemicals showing the largest
inventory additions of $600 million and rise. Nondurable goods producers esti$800 million, respectively, in the first mate that by mid-1966 the value of
two quarters of 1966, with both metal their inventories will exceed $26% bilproducers and metal fabricators pro- lion. The stock-sales ratio is expected
jecting increases.
to continue at 1.3—a ratio maintained
The expected mid-1966 level of dur- throughout 1965.
able goods inventories—$43.7 billion—
would be equivalent to slightly more Sales gains to remain steady
than 1.9 months of shipments. This
Durable goods producers have projected a 3 percent rise in sales in the
first quarter and a 2 percent rise in the
CHART 4
second, after seasonal adjustment.
Manufacturers'Inventory and Sales Expectations, First Half 1966
These increases would bring sales to
NONDURABLE GOODS MANUFACTURERS
DURABLE GOODS MANUFACTURERS
almost $68% billion in the second
quarter, as compared with slightly over
$65 billion in the fourth quarter of 1965.
The expected gains are not much different from the actual gains of the second
half of last year. Primary metal producers and metal users look forward to
the largest increases, a reflection of the
rapidly expanding demand for both defense and capital goods.
Nondurable goods producers anticipate a 2 percent sales rise in both
quarters, with gains widespread among
the industries. The projected advance
about matches the rise experienced in
the fourth quarter as well as the average quarterly rise in 1964 and 1965. If
the gains are realized, sales of nondur1
2
3
4
1
2
3
4
1
2
1
2
3
4
1
2
3
4
1
2
able goods manufacturers will total $62
1964
1965
1966*
1964
1965
1966*
billion in the second quarter, as comSeasonally Adjusted
Seasonally Adjusted
* Expectations
pared with $59% billion in the fourth
Inventory change during quarter; sales change from previous quarter.
quarter of 1965.
U. S, Department of Commerce, Office of Business Economics
5
Manufacturers anticipate that sales
will rise through mid-1966 at about the
same rate as in the fourth quarter of
last year, but they expect to make
smaller additions to their inventories.
Durable goods producers considered
their inventory position at the end of
1965 to be more balanced—in relation
to sales—than it had been 3 months
earlier. As in September, all but a
minor proportion of nondurable goods
producers considered their inventories
to be in line with sales. These are the
main findings reported in OBE's regular
quarterly survey conducted in February.
Manufacturers plan to add $1 billion
to inventories in the first 3 months of
1966 and $1.3 billion in the next 3, after
seasonal adjustment. Additions in the
second half of last year were about $1.7
1
billion per quarter (chart 4). For the
first two quarters of 1966, sales gains
of 2}£ and 2 percent, respectively, are
projected.
SURVEY OF CURRENT BUSINESS
March 1966
Table 1.—Manufacturers' Inventories and Sales: Actual and Anticipated
(Billions of dollars)
1963
I
II
1964
III
IV
I
II
1965
III
I
IV
II
1966
III
Ii
IV
Hi
Inventories, end of quarter
Unadjusted
All manufacturing.
Durables
Nondurables . _
_
58.4
34 9
23.5
59.0
35.5
23.5
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
65.0
40 3
24.7
65.9
41 1
24.8
67.6
41.8
25.8
69.5
43 3
26.2
70.7
44 1
26.6
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
39.0
24.7
64.6
40.0
24.7
66.3
41.3
25.0
68.0
42.3
25.7
69.0
42.9
26.1
70.3
43.7
26.6
101.0
51.9
49.1
107.0
57.0
50.0
102.5
52.2
50.4
106.8
55.8
51.0
108.0
56.3
51.7
114.2
60.6
53.6
109.6
55.4
54.3
113.7
58.6
55.2
117.0
61.5
55.5
123.3
65.4
57.9
118.5
60.2
58.3
124. 6
65.1
59.4
126.8
66.5
60.3
134.2
72.1
62.1
101.9
52.6
49.3
104.4
54.2
50.1
105.0
54.8
50.2
106.2
55.3
50.9
109.1
57.1
52.1
111.1
57.5
53.6
112.4
58.3
54.1
113.6
58.5
55.2
117.9
62.1
55.8
119.8
62.1
57.7
122.1
63.9
58.2
124.6
65.1
59.5
127.8
67.1
60.7
130.4
68.4
62.0
Seasonally adjusted
All manufacturing
Durables
Nondurables
Sales, total for quarter
Unadjusted
All manufacturing
Durables
Nondurables
Sesonally adjusted
All manufacturing
Durables
_
Nondurables
_
_ __ __
__ _
1. Anticipations reported by manufacturers in February 1966. 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.
Most inventories
right"
judged
"about
Durable goods producers holding 19
percent of hard goods inventories
considered their stocks "high" relative
to sales and unfilled orders on December 31, 1965. This was 3 percentage points below the September 30
ratio, but 4 points above the "high"
ratio at the end of 1964. The bulk of
hard goods inventories—78 percent—
continued to be classified "about right."
The "low" group remained relatively
insignificant at 3 percent.
As 1965 drew to a close, both metal
producers and metal fabricators moved
toward a more balanced inventory
position. On December 31, companies
holding less than 10 percent of primary
metals producers' stocks judged their
inventories as "high." This was about
half the September 1965 "high" ratio
but above that of December 1964.
Metal fabricators holding less than 20
percent of stocks reported their inventories as "high" at yearend; this
compares with a ratio of almost 25
percent earlier in 1965.
Table 2.—Manufacturers' Evaluation of the Condition of Their Inventories l
(Percent distribution)
Total
High
About
right
Nondurables
Durables
Low
High
About
right
Low
High
About
right
Low
26
29
24
24
72
69
75
75
2
2
1
1
33
34
30
27
65
65
69
72
2
1
1
1
15
22
15
17
83
76
83
81
2
2
2
2
18
14
10
10
81
85
88
88
1
1
2
2
20
15
11
10
79
84
87
88
1
1
2
2
16
13
9
9
83
85
88
89
1
2
3
2
March 31, 1962
June 30, 1962
September 30, 1962
December 31, 1962
14
14
15
14
84
84
83
84
2
2
2
2
19
17
18
17
80
82
81
82
1
1
1
1
8
9
11
11
89
89
86
86
3
2
3
3
March 31, 1963
June 30, 1963
September 30, 1963
December 31, 1963
15
15
17
13
82
83
81
85
3
2
2
2
17
18
19
14
81
80
80
84
2
2
1
2
12
10
14
10
85
88
83
87
3
2
3
3
March 31, 1964
June 30, 1964
.
September 30, 1964
December 31, 1964
16
13
14
13
82
84
82
84
2
3
4
3
17
16
15
15
81
81
81
82
2
3
4
3
14
9
11
9
84
88
84
87
2
3
5
4
March 31, 1965
June 30, 1965
September 30, 1965
December 31, 1965
16
16
16
15
81
80
81
82
3
4
3
3
20
20
22
19
77
77
76
78
3
3
2
3
9
10
8
8
87
85
88
88
4
5
4
4
March 31, 1960
June 30, 1960
September 30, 1960
December 31, 1960
March 31, 1961
June 30, 1961
September 30, 1961
December 31, 1961
_
- __ _
i Condition of actual inventories relative to sales and unfilled orders as viewed by reporting companies, Percent distribution of inventory book values according to companies' classifications of inventory condition.
Source: U.S. Department of Commerce, Office of Business Economics.
Nondurable goods producers as a considered "high," 88 percent "about
group did not change their inventory right," and 4 percent "low." Most
evaluations from September to December shifts among major industries were
1965. At both times, 8 percent were small and offsetting.
SURVEY OF CUKEENT BUSINESS
March 1966
Revised Projections of Foreign Plant and Equipment
Expenditures by Affiliates of U.S. Firms
an estimated $3.6 billion in 1965 to $4.8
billion in 1966. Petroleum affiliates
have scheduled a more moderate inLarge 1966 increase projected
crease in their capital outlays, from
According to the new survey, affiliates $2.4 billion in 1965 to $2.7 billion this
in all industries combined spent an year.
As shown in table 3, the major upestimated $7.1 billion for plant and
ward thrust in 1966 manufacturing
equipment in 1965 and expect to spend
$8.8 in 1966, an increase of 24 percent. outlays abroad is in chemicals (including
Summary data since 1962 are shown petrochemicals), primary and fabricated
metals, and transportation equipment.
below (in billions of dollars):
A striking 40 percent increase is now
1966
1965
projected for 1966 manufacturing out1962 1963 1964 prel. anticipated
lays in Europe, scheduled to rise to
$2.3 billion from $1.7 billion in 1965.
8.S
All industries, total
4.6
5.1 6.1 7.1
Outstanding gains are reported for
M anuf acturing. .
4.S
2.0 2.3 3.0 3.6
Petroleum
2.7
1.6 1.9 2.1 2.4
Belgium, Germany, and the United
1.3
Other industries
.9
.9 1.1 1.1
Kingdom. For Canada, the increase
Note.—Detail may not add to totals because of rounding
for manufacturing is projected at 25
Investment by manufacturing affiliates percent; rapid growth is also reported
is expected to rise by one-third, from for India and Australia.
the plant and equipment expenditures
of each affiliate.
THIS report gives the results of the
first of a new series of interim surveys
of anticipated plant and equipment
expenditures by foreign affiliates of
U.S. firms. This survey was mailed to
respondents last November and for the
most part was completed between
December 15 and February 15. Future
interim surveys will be undertaken in
November to update and revise the
regular annual surveys, which have
been conducted each May since 1958
and which will continue on this basis.
The May surveys, the results of which
are published in late summer or early
fall, cover not only projected plant and
equipment expenditures for the year in
progress and for the following year but
also total sources and uses of funds of
the foreign affiliates. Coverage in the
interim surveys is somewhat smaller,
and information is provided only on
Table 1.—Summary of Results of Surveys of Foreign Plant and Equipment Expenditures
(Millions of dollars)
Industry
1962
1963
1964
1965
1966
Table 2.—Projected Plant and Equipment
Expenditures of Direct Foreign Investments, by Area and Major Industry
(Millions of dollars)
All industries:
1
2
3.
4
5.
6.
7.
8
9.
Earliest estimate (May of previous year)
Second estimate (May of current year). __ __ _.
Semiannual followup (Nov. 1965).
Realized expenditures
Ratio of line 2 to line 1
- - Ratio of line 3 to line 1
Ratio of line 3 to line 2_
_._
Ratio of line 4 to line 1
Ratio of line 4 to line 2 _ _ _
1.
2.
3
4.
5
6.
7.
8.
9.
Manufacturing:
Earliest estimate (May of previous year)
Second estimate (May of current year) __
Semiannual followup (Nov. 1965)
Realized expenditures ;
Ratio of line 2 to line 1
Ratio of line 3 to line 1 -Ratio of line 3 to line 2
Ratio of line 4 to line 1 __
Ratio of line 4 to line 2....
___
_
_.
_ . __
__
4 565
4 929
NA
5 068
1 08
NA
NA
1 11
1 03
4 527
5' 864
NA
6 118
1 30
NA
NA
1 35
1 04
5 687
7 372
7 078
NA
1 30
1 24
96
NA
NA
7 323
NA
8 764
NA
NA
1 20
NA
NA
NA
1 706
1 866
NA
2 042
1 09
NA
NA
1 20
1.09
1 735
2 057
NA
2 251
1 19
NA
NA
1 30
1.09
1 971
2 730
NA
2 983
1 39
NA
NA
1 51
1.09
2 533
3 821
3 606
NA
1 51
*" 1 42
94
NA
N.A.
3 809
NA
4 786
NA
NA
1 26
NA
NA
N.A.
1 794
1 829
NA
1 628
1 02
NA
NA
91
89
_.
4 499
4 762
NA
4 618
1 06
NA
NA
1 03
97
1 811
1 950
NA
1 889
1 08
NA
NA
1 04
97
1 653
1 940
•N A
2 066
1 17
NA
•N A
1*25
1 06
2 005
2 350
2 364
'N A
1 17
1 18
1 01
NA
NA
N'A"
999
1,067
N.A
948
1.07
NA
NA
,95
89
1 019
922
N A.
928
.90
NA
NA
91
1 01
903
1 194
NA
1 069
1 32
NA
NA
1 18
90
1 149
1,201
1,108
NA
1.05
96
92
NA
NA
1 184
NA
1,298
NA
N A.
1 10
NA
NA
NA
Petroleum:
1
2.
3.
4
5.
6.
7
8.
9
Earliest estimate (May of previous year)
Second estimate (May of current year) _
Semiannual followup (Nov. 1965)
,
Realized expenditures
Ratio of line 2 to line 1 Ratio of line 3 to line 1Ratio of line 3 to line 2
Ratio of line 4 to line 1
Ratio of line 4 to line 2
2 330
NA
2 680
NA
1 15
NA
N'A
NA
Other industries:
1
2.
3.
4.
5.
6.
7.
8
9.
Earliest estimate (May of previous year)
Second estimate (May of current year)
Semiannual followup (Nov. 1965).
Realized expenditures
Ratio of line 2 to line 1
Ratio of line 3 to line 1
Ratio of Iine3 to line 2_Ratio of line 4 to line 1
Ratio of line 4 to line 2
_
_
_
N.A.—Not available.
Source: U.S. Department of Commerce, Office of Business Economics.
Area and industry
Prior estimates 1
Revised estimates 2
1966
1965
1966
1965
All areas, total
Mining and smelting. _
Petroleum
Manufacturing .
Trade
Other industries
Canada, total
Mining and smelting. _
Petroleum
Manufacturing. .
Trade
Other industries
7,372
584
2,350
3,821
340
277
1,843
248
377
1,031
82
105
7,323
493
2,330
3,809
396
295
7,078
498
2,364
3, 606
311
299
8,764
588
2,680
4,786
416
294
1,696
190
358
964
72
112
1,840
200
490
963
77
110
2,035
201
426
1, 201
84
123
Latin America, total
Mining and smelting. _
Petroleum
Manufacturing
Trade
Other industries .
1,097
156
368
420
58
94
932
109
334
336
54
99
994
150
313
391
49
91
1,139
176
378
443
70
72
Europe, total
Mining and smelting..
Petroleum
Manufacturing
Trade
Other industries
2,659
728
1,737
155
32
2,893
8
776
1, 855
221
33
2,520
3
673
1,660
147
37
3,545
5
972
2,323
213
32
Other areas, total... - 1,773
Mining and smelting. _
173
877
Petroleum
_
.
632
Manufacturing
45
Trade
46
Other industries..
1,802
186
862
654
49
51
1,724
145
888
592
38
61
2,045
206
904
819
49
67
1 Based on company projections made in May 1965, and
published in the September 1965 issue of the Survey of Current Business.
2 Based on company projections made between December
15,1965 and February 15, 1966.
Source: U.S. Department of Commerce, Office of Business
Economics.
8
SURVEY OF CUKEENT BUSINESS
March 1906
The estimated $7.1 billion actually
spent by affiliates in all industries in
1965 was slightly under the projection
made in May 1965 ($7.4 billion) but
was 25 percent higher than the projection made in May 1964. For the manufacturing component, plant and equipment expenditures in 1965 are now estimated at $3.6 billion, as compared with
$3.8 billion anticipated last May. For
petroleum, the new anticipation is
about the same as the May 1965 projection. These findings suggest that
1965 capital outlays abroad were rescheduled downward and were probably
somewhat lower than they would have
been without the voluntary program.
In the May 1965 survey (published in
detail in the September 1965 Survey
of Current Business), foreign plant
and equipment outlays in all industries
were projected at $7.3 billion for 1966,
about the same as the projection made
at the same time for 1965. It was
noted then that the projection was
likely to be an understatement, and
that is now confirmed by the new survey. In the past, higher plant and
equipment expenditures abroad have
been accompanied by higher capital
outflows from the United States.
However, the relationship is by no
means fixed, and will be greatly affected by adherence to the voluntary
(Continued on page 15)
Table 3.—Projected Plant and Equipment Expenditures Abroad by U.S. Manufacturing
Companies, by Area and Major Commodity
(Millions of dollars)
Total
Area and year
All areas, total:
1965, Prior estimate
1966, Prior estimate
Food
products
Paper
and
allied
products
Chemicals
Rubber Primary Machin- Elec- Transpor- Other
and fabtrical
proery,
tation
prodducts ricated excluding machin- equipucts
ery
metals electrical
ment
3,821
3,809
182
143
213
136
870
835
164
147
356
368
594
693
218
202
1,067
957
267
217
1965, Revised estimate, __
1966, Revised estimate. .
3,606
4,786
186
188
206
198
817
1,101
163
175
332
538
614
748
200
258
864
1,265
224
316
Canada:
1965, Prior estimate.....
1966, Prior estimate. _ _ .
1,031
964
50
36
132
83
290
300
30
25
119
80
60
90
56
52
229
238
65
60
963
52
41
120
124
264
314
24
33
107
148
62
98
56
72
226
283
52
89
1965, Revised estimate. . _
1966, Revised estimate..Latin America:
1965, Prior estimate
1966, Prior estimate.... _.,
1965, Revised estimate. .
1966, Revised estimate.. .
1,201
420
336
45
35
19
13
140
101
23
20
34
27
36
17
28
23
54
69
42
30
391
443
45
48
25
14
127
150
23
24
30
31
29
24
20
30
59
81
33
42
Europe:
Common Market:
1965, Prior estimate..
1966. Prior estimate..
1,100
25
25
19
12
153
180
35
30
52
38
289
353
53
63
314
362
54
38
1965, Revised estimate
1966, Revised estimate
1,003
1,332
30
28
22
26
165
208
34
41
37
49
331
392
51
56
283
463
51
70
Other Europe:
1965, Prior estimate..
1966, Prior estimate..
744
755
35
24
18
9
142
140
31
39
53
51
106
127
55
42
225
256
79
68
1965, Revised estimate
1966. Revised estimate
657
991
34
32
13
14
129
229
42
40
48
76
106
122
49
75
175
312
61
90
Other areas:
1965, Prior estimate
1966, Prior estimate
993
(Millions of dollars)
632
654
27
24
26
18
145
114
45
34
98
172
103
106
26
22
136
142
27
22
1965, Revised estimate
1966, Revised estimate. _
592
819
24
39
26
20
133
200
40
38
110
233
86
112
24
25
121
126
28
25
NOTE.—Detail may not add to totals because of rounding.
Source: U.S. Department of Commerce, Office of Business Economics.
Area and country
IS
.g '55
1
1
!„
Manufacturing
1966
1965
588 2, 680
4,786
201
426
1,201
371
97
425
106
55
14
30
314
16
26
(*)
26
134
(*)
20
(*)
33
88
12
16
3
10
134
104
28
27
6
9
175
120
35
28
3
(*)
16
21
29
(*)
50
53
21
All areas, total
498 2, 364 3,606
Canada
Latin American
Republics, total.
Argentina
Brazil
.. .
Chile
Colombia
200
490
963
101
(*)
260
18
10
51
(*)
Mexico
Peru
Venezuela..
Other countries
Other Western
Hemisphere
_.
3
28
(*)
3
Europe, total
Common Mar1
ket, total
Belgium and
Luxembourg
(**)
France
(**)
Germany _
(**)
Italy
Netherlands ,.
Other Europe,
3
total
_Denmark
Norway
__ _
Spain
Sweden
Switzerland
United
Kingdom
(**)
2
Other countries.
Africa, total
North Africa
East Africa
.
West Africa
Republic of
South Africa....
Other countries
in Central and
South Africa. —
Asia, total
Middle East — .
Far East, total...
India
Japan
Philippine
Republic
Other countries.
Oceania, total
Australia _ _ _ _ Other countries
International
<:
Table 4.—Plant and Equipment Expenditures of Direct Foreign Investments by
Country and Major Industry l
Petroleum
Projections made in the May surveys
in recent years, summarized in table 1,
have tended to be reasonably close to
the realized investment for the current
year but considerably lower than the
amount realized for the following year.
The November surveys come at a time
when current-year information is nearly
complete and when most companies
have firm commitments for the year
ahead. Consequently, the new survey
should more accurately reflect the planning of the major investors.
Mining and
smelting
Comparison with earlier survey
Manufacturing
Although expenditures by foreign
affiliates producing, refining, and distributing petroleum are rising moderately, the rate of investment in Europe
is now projected to rise very steeply in
1966, especially in Germany and also
in several other European countries as
shown in table 4. Sizable increases in
petroleum investments are also reported for Venezuela and West Africa.
44
6
60
(*)
21
5
(*)
42
64
18
673 1,660
5
972
2,323
338 1,003
2
534
1,332
26
125
221
99
64
185
294
627
118
108
23
88
106
84
37
89
231
490
102
91
335
23
12
32
27
657
4
30
29
20
(**)
£**}
438
32
13
53
36
991
5
32
62
19
10
14
16
14
185
46
509
51
(**)
250
38
786
73
271
88
40
322
113
22
174
8
59
1
1
39
6
(*)
16
1
1
(**)
4
14
171
6
110
2
1
65
47
9
(*)
44
(*)
(**)
17
(*)
(**)
462
258
1
473
347
226
(*)
249
43
1
322
84
c") 8
149
232
(*)
33
24
75
(*)
245
233
1
235
(*)
99
99
(*)
80
9
11
241
24
(*)
(••)
165
165
158
8
26
54
83
(*)
359
343
(*)
16
26
Note: Detail may not add to totals because of rounding.
i Based on reports completed between December 15, 1965
and February 15,1966.
*Included in area totals.
**Less than $500,000.
Source: U.S. Department of Commerce, Office of Business
Economics.
by GENEVIEVE B. WIMSATT
Business Investment and Sales Programs for
1966—Substantial Advances Anticipated
BUSINESSMEN have scheduled sizable increases in expenditures for new
plant and equipment throughout 1966,
according to the survey conducted in
late January and February by the U.S.
Department of Commerce and the Securities and Exchange Commission.
For the year as a whole, planned spending amounts to $60.2 billion, 16 percent
or $8 billion higher than the $52.0 billion
CHART 5
Capital Investment
Manufacturers are in the forefront of a broad
investment advance
Billion $
NONDURABLE GOODS MANUFACTURING
TRANSPORTATION
1961
62
63
64
* Anticipated
U.S. Department of Commerce, Office of Business Economics
207-708 O - £
65
66*
Data: OBE-SEC
66-3-5
rise in spending from the first to the
spent in 1965. In relative terms, the
projected investment rise in 1966 is the second half of 1966.
same as the actual rise in 1965 and Realisation of 1965 programs
would continue the almost uninterBoth investment and sales in 1965
rupted advance that started in mid- turned out higher than businessmen
1961.
expected in the 1965 annual survey
Among the major industry groups, conducted a year ago. At that time,
manufacturers anticipate the largest in- business projected a 12 percent rise
crease from 1965 to 1966, with pro- in plant and equipment spending from
gramed outlays 19 percent above last 1964 to 1965. During 1965, business
year. Each of the component indus- activity showed exceptional vigor even
tries is contributing to this advance, after rising for almost 4 years. Sales
with the nondurable goods industries as rose appreciably above expectations,
a group projecting a somewhat sharper profits were much higher than in 1964,
rise than the durables. Among non- and pressures on capacity increased.
manufacturing industries, public utility In each quarter, actual capital spending
and mining companies are scheduling was higher than anticipated, and for the
the largest relative increases in invest- year as a whole, it was 16 percent
ment outlays—16 percent each. Com- higher than in 1964.
mercial and communicationsfirmsproject spending this year to be 13 percent
above 1965. After 3 years of substantial gains in investment, railroads ex- Table 1.—Percent Changes in P-ant and
Equipment Expenditures, 1961-66
pect a 6 percent rise this year. Nonrail
transportation firms plan outlays for
Actual
Anticipated
plant and equipment at 12 percent
above 1965.
1961-62 1962-63 1963-64 1964-65 1965-66
These strong investment programs for
9
14
16
16
5
1966 are accompanied by expectations All industries i_._._.
Manufacturing 1 1
7
7
18
21
19
of sizable sales increases from 1965 to
Durable goods .__
12
12
21
20
18
Primary metals.
17
20
10
1
31
1966. Manufacturers anticipate an 8
—1
Machinery
33
9
26
19
Transportation
percent advance over 1965, trade firms
equipment
16
22
15
25
28
Stone, clay, and
7J£ percent, and public utilities 5 per5
11
11
glass
13
15
cent.
Nondurable
3
2
goods *
20
21
17
Within 1966, the pattern of anticiFood and bev1
g
erage
18
—2
16
pated expenditures is for a rising volume
5
37
Textile
23
30
17
5
29
Paper
20
30
(*)
of investment throughout the year.
32
16
Chemical
—3
22
3
2
4
15
Petroleum
14
15
Business outlays for capital goods
9
16
Mining
10
14
—3
reached a $55.3 billion seasonally ad6
Railroad
23
27
27
30
justed annual rate in the fourth quarter
Transportation
of 1965. Expenditures are expected to
12
24
12
18
-7
other than rail
rise almost $2 billion in each of the Public utilities.
16
-1
12
10
3
first two quarters; the $62.2 billion Communications
15
4
13
13
1
rate projected for the second half of the Commercial and
13
1
9
8
5
other
13
year suggests a slight acceleration to
more than $2 billion per quarter.
*Less than 0.5 percent.
1. Includes industries not shown separately.
Except for the nonrail transportation
Sources:
Commerce, Office of Business
group, every major industry expects a EconomicsU.S. Department ofExchange Commission.
and Securities and
10
SURVEY OF CURRENT BUSINESS
Actual expenditures exceeded expectations in all major industries except
textile manufacturing. Plans were exceeded by the largest relative amounts
in durable goods manufacturing, public
utilities, and the transportation industries. The largest upward adjustments occurred in the second half of
1965.
Sales of manufacturing and trade
firms rose 2 percent and 3 percent more
from 1964 to 1965 than these firms had
projected earlier. Revenues received
by public utility firms rose 5 percent
from 1964 to 1965, about in line with
expectations.
Evaluation of 1966 programs
The developments that may affect
business investment programs this year
are particularly complex and uncertain
at this time. Economic activity has
continued to rise sharply in the early
months of 1966. Unemployment has
fallen considerably, some important
materials are in short supply, and
Marcb 1966
existing capacities in most industries of the current expansion but there is no
are being utilized at very high rates.
assurance they will continue to do so
Business investment in 1966 may in the coming year. Finally, given the
run into supply difficulties that would rising requirements of Vietnam and a
lengthen lead times between orders and tightening supply of skilled labor and
deliveries and would therefore result other resources, there is the question as
in postponements in expenditures. This to whether further increases in aggredoes not necessarily mean that present gate demand will necessitate new tax
programs for 1966 might not be realized measures.
in dollar terms since a reduced volume
to
of investment could be offset by capital Manufacturers' Outlays
Rise Further
goods prices higher than business now
expects for 1966. If business should
The rise in manufacturing investment
attempt to raise its real investment that began in mid-1961 accelerated
sights this year, pressures on capital last year with a 20 percent increase in
goods prices would be further inten- expenditures. Present capital budgets
sified.
call for a 19 percent rise in 1966, which
Some developments could have an would bring outlays for new productive
adverse effect on the currently planned
facilities this year to $26% billion. This
volume of investment demand. The
tightening in money supply and the amount is about two-thirds more than
increases in interest rates that have in 1957, the peak year of the investment
already taken place are likely to have boom of the fifties. When allowance is
a restrictive effect on the investment made for price changes from 1957 to
programs of some companies. Profit the end of 1965, the increase is about
margins have been rising through most 50 percent.
CHART 6
Manufacturers' Capital Outlays and Sales
Projected increases for 1966 are widespread
(Ratio scale)
Billion $
PRIMARY .METALS-, v
3 '<V. -' : , ;
-.-> ;':' X^ :?:/;.'-:;";^:.';-i-.\/;:60
Sales
(right seale)
2
Billion $
ELECTRICAL MACHINERY;
NONELECTRICAL MACHINERY
;, *
45
- - / ' ;; ; '' . - '
40
1.5
45
3:
90
30
3;, .
1.0
30
2;
60
45
30
15
.5
I
15
'
1
I
I
L
'
I
'
30
HOOD & BEVERAGE
PETROLEUM
TEXTILES
. CHEMICALS
'
45
1
I
1961
62
30
6
30
1.5
75
; 30
; ;
15
10
20
4
20
1
50
10
.5
> Capital Outlays
•', (left scale)
i,
63
i
t
64
t
65
15
66*
* Anticipated
U. S. Department of Commerce, Office of Business Economics
I
10
1961
62
63
64
65
66*
1961
62
63
64
I
65
66*
'
1961
62
':
63
64
65
25
66*
Data: OBE-SEC
11
SURVEY OF CURRENT BUSINESS
March 1966
Table 2.—Petroleum Industry Plant and
Equipment Expenditures, by Function
1965 and Anticipated 1966
They are the only manufacturing industries looking forward to larger sales
advances this year than last. As can
be seen in chart 6, machinery and non1965
1966 1965-66
automotive transportation producers
Antici- Actual Anticipated
pated
Perhave been experiencing relatively large
cent
sales gains since the inception of the
change
(Billions of dollars)
current expansion, but it was not until
last year that they stepped up their
Total _ _ _ _ _ _ _ _ _ _
3.79
3.82
15
4.41
Production
1
1.80
1.93
1. 95
rates of capital outlays.
Transportation
.16
. 16
0
.13
Refining and petroThe motor vehicle and the iron and
chemicals
_
_
.94
.82
44
1. 19
Marketing.
.70
.82
.70
18
steel industries are currently schedOther
.22
.21
.29
41
uling 1966 outlays that are 7 percent
Sources: U.S. Department of Commerce, Office of Business
and 9 percent above 1965; these may
Economics and Securities and Exchange Commission.
be compared with increases of 14
Manufacturers are programing a rela- percent and 31 percent last year.
tively larger increase for plant outlays Motor vehicle companies expect sales
in 1966 than for purchases of machinery in 1966 to be moderately higher than
and equipment. Plant expenditures in 1965, while steel producers expect
are expected to rise to 32 percent of little change from the record set last
total investment this year from 28 year.
Nondurable goods manufacturers
percent in 1964 and 30 percent in 1965.
plan to spend $13% billion on new plant
All major industries are programing
further sizable increases in expenditures and equipment in 1966—up 20 percent
on new plant and equipment in 1966. from the $11 billion outlay last year.
Expenditures of durable goods pro- Textile and paper firms report the
ducers are expected to reach $13% largest relative programed increases.
billion this year, 18 percent above last These groups also expect substantial
year's $11.4 billion. The rise is ex- sales increases.
Chemical firms are anticipating the
pected to accelerate in the second half.
largest sales increase of any of the
The expected 1966 increases are particularly large for electrical machinery nondurable industries. Capital expend(31 percent), nonelectrical machinery itures by the industry have been rising
(24 percent), and nonautomotive trans- sharply in recent years, and are schedportation equipment (46 percent). uled to rise 16 percent more in 1966.
These industries, which are the major
suppliers of capital goods and defense Carryover up sharply
New investment projects started by
goods, also anticipate the largest relative increases in 1966 sales over 1965. manufacturers were considerably higher
than capital outlays in each quarter
of 1965, so that carryover showed
successive increases from one period to
the next. At the end of December,
the backlog of unspent funds on projects
underway totaled $16.9 billion—$4.3
billion or 34 percent more than at the
beginning of the year. The corresponding rise in 1964 had amounted to $3%
billion, or 39 percent. The term
"projects," as used here, includes all
types of capital investment, ranging
from the purchase of a single piece of
machinery to the construction and
equipping of a complete factory,
The carryover at the beginning of
1966 was equal to 63 percent of anticipated 1966 expenditures. Carryover
at the beginning of 1965 was 56 percent
of actual spending in 1965, up from 49
percent a year earlier. Thus, manufacturers' capital spending programs in
1966 are buttressed by an unusually
high percentage of projects already
underway.
The carryover of durable goods producers rose $400 million in the fourth
quarter, bringing the yearend 1965
figure to $9.2 billion, $2.6 billion higher
than it was at the end of 1964. The
yearend backlog represents two-thirds
of 1966 anticipated expenditures; a year
earlier, the backlog was equal to 58
percent of actual spending in 1965.
Within the heavy goods group, the iron
and steel and the motor vehicle industries accounted for almost half of the
expansion in carryover during 1965.
Indeed, for both industries, yearend
Table 3.—Carryover of Plant and Equipment Projects, Manufacturing and Public Utilities
(Billions of dollars)
1963
1962
Dec.
Manufacturing
»
7 21
Durable goods 2
Primary metals
___ >
Electrical machinery „__
Machinery except electrical
Transportation equipment
Stone, clay, and glass .
Nondurable goods 2
Food and beverage
Textile
Paper
Chemical
Petroleum
Public Utilities
.
March
8 61
June
9 00
Sept.
9 18
Dec.
9 08
March
10 38
June
11 26
Sept.
11 88
Dec.
12 63
March
June
Sept.
Dec.
16.90
14.73
3 15. 99
16.23
8.82
3.38
.63
.80
2.73
.53
9.25
3.52
.66
.78
2.91
.50
3 99
1 66
.33
25
87
.31
_
4 84
1 97
.37
56
1 10
.32
5 15
2 08
36
48
1 40
30
5 25
2 27
33
40
1 37
32
5 05
2 23
32
31
1 36
.29
5 61
2 30
33
53
1 48
33
5 95
2 56
37
48
1 63
38
6 21
2 59
.41
41
1 86
.39
6 62
2 74
.41
43
2.02
.40
7 98
3.05
.51
.85
2.31
.52
38.89
3.34
3 .60
.77
2.85
.53
3 23
34
17
.36
1 03
1 02
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
7.10
.63
.46
.96
1.86
2.72
7.41
.78
.51
. 97
1.90
2.80
7.66
.79
.54
.99
1.89
2.90
5 07
6 13
6 40
5 58
5 46
6 62
6 53
6 09
5 65
7.64
7.67
7.24
8.03
1. Carryover refers to expenditures yet to be incurred on plant and equipment projects already underway.
2. Includes industries not shown separately.
3. Revised.
Sources: U.S. Department of Commerce, Office of Business Economics, and Securities and Exchange Commission.
1965
1964
12
carryover was larger than expenditures
currently programed for this year. At
the other end of the range, the backlog
of uncompleted projects for the nonelectrical machinery industry, while
substantially higher than a year ago, is
only about one-fourth of planned
expenditures in 1966.
The nondurable goods industries
reported a December 31, 1965, carryover of $7% billion, up $% billion from
September and $1.6 billion from a year
earlier. Food and textiles showed particularly large relative gains in carryover
during the year.
In the last 3 years, carryover has
represented a smaller proportion of
plant and equipment expenditures for
nondurables than for durables. In
nondurables, the proportion of yearend
carryover to scheduled 1966 spending
is 58 percent, up from 54 percent a year
earlier. The component industries also
show less variation from the average for
this group than was noted above for
heavy goods producers: For 1966, these
ratios range from 40 percent for textiles
to 68 percent for chemicals.
New projects increase in volume
The total cost of new investment
projects initiated during 1965 amounted
to $26% billion, about $4% billion
higher than in 1964. "Starts" by the
durable goods industries accounted for
$3 billion of this rise.
Starts have shown a generally rising
trend, apart from seasonal influences;
the fourth quarter 1965 total of $7.4
billion was up $1 billion from a year
earlier. In all major manufacturing
industries except food, motor vehicles,
and stone, clay, and glass, the value of
new projects started in the fourth
quarter of last year was larger than it
was a year ago, particularly for the
machinery industries.
Manufacturers9 evaluation of yearend 1965 capacity
Producers owning 48 percent of fixed
assets in manufacturing reported that
they needed more facilities, in answer to
the question "Taking into account your
current and prospective sales for 1966,
how would you characterize your December 31, 1965 plant and equipment
facilities?" This proportion is about
SURVEY OF CURRENT BUSINESS
the same as in September, but higher
than at any other time since the inquiry
was inaugurated 2 years ago.
The proportion of assets considered
"inadequate" has been rising since
early 1964, and in most manufacturing
industries, there was a particularly
large rise from the end of last September to the end of December. Increases
were especially marked in the machinery industries. However, a shift of a
few very large companies in metal fabricating and petroleum from the "inadequate" category at the end of
September to the "about adequate"
category at yearend offset the more
numerous shifts in the opposite direction. Basically, the survey indicates
high and rising pressures on capacity.
Heavy goods producers accounting
for half of the fixed assets of the group
felt the need for more plant and equipment at the end of December, as com-
March 1966
pared with 53 percent 3 months earlier
and 43 percent a year earlier (chart 7).
For manufacturers of nondurable goods,
the proportion at the end of December
was 46 percent, the same as at the end
of September and the previous
December.
Companies reporting plant and
equipment in excess of current and nearterm needs accounted for only 5 percent
of fixed assets at the end of December,
as compared with the 6 percent rate
that had been maintained rather
steadily over the past 2 years. In 1964
and 1965, there was some tendency for
this ratio to decline for durable goods
producers and to rise slightly for nondurable goods producers.
Facilities viewed as "about adequate"
for 1966 production requirements represented 47 percent of manufacturers'
fixed assets as of December 31, down
from 51 percent a year earlier. The
CHART 7
Manufacturers' Evaluation of Their Yearend Capacities
Durable goods manufacturers have increasingly judged their capacities inadequate for current and
near-term requirements
DURABLE GOODS MANUFACTURERS
NONDURABLE GOODS MANUFACTURERS
Dec. 31,1963
Dec. 31,1964
Dec. 31, 1965
Percent of gross capital assets held by manufacturers indicating:
More plant and equipment needed
Plant and equipment adequate
Plant and equipment exceeds needs
U. S. Department of Commerce, Office of Business Economics
Data: OBE-SEC
66-3-7
March 1 6
96
decline centered in durable goods; there
was little change over the year for
nondurable goods. The proportion was
slightly higher on December 31 than in
September.
Nonmanufacturing Programs
Higher
Nonmanufacturing firms as a group
expect to increase their capital outlays
by almost 14 percent this year; this
compares with an actual increase of
about 10 percent last year. The scheduled step-up in the rate of investment
is attributable primarily to public
utility and mining firms.
Public utilities spent $6.9 billion in
1965 on new plant and equipment, up
12 percent from 1964, and their $8
billion program for 1966 represents a
further increase of 16 percent. In the
1960-64 period, investment averaged
less than $6 billion per year.
Electric and gas utility companies
contribute relatively equally to the
planned investment expansion in 1966.
Each portion of the industry also anticipates a strong uptrend in spending
during the year.
The long-range plans for development
of regional—and eventually nationalpower grids have been the major factor
in the electric companies' programs.
Increasing industrial requirements for
electric power as well as the rise in
residential needs have raised estimates
of peak load requirements substantially.
The value of new investment projects started by public utilities approximately doubled from the third to
fourth quarter of 1965. In the fourth
quarter, starts were about 50 percent
higher than outlays so that the carryover of projects underway by utility
companies rose sharply, bringing the
yearend total to $8 billion. The advance for the year as a whole was $2}£
billion, as compared with less than
$K billion in 1964. The total cost of
new projects started in 1965 is estimated
at $9.3 billion; it was slightly over $6
billion in each of the preceding 2 years.
Transportation firms expect outlays
to rise
Tr ansportation companies—including railroads, airlines, trucking, and
SURVEY OF CURRENT BUSINESS
13
There is a substantial diversity of
1966 programs among the various sectors of the industry. Airlines are
programing a one-third expansion in
outlays this year; railroads anticipate
a moderate rise of 6 percent, and other
transportation groups show little
change from 1965 spending levels.
local transit lines—expect to increase
their expenditures for new plant and
equipment from $4% billion in 1965
to $5 billion in 1966. The rise of 11
percent is about the same as that anticipated for 1965 at this time last year,
but the actual advance in 1965 was
20 percent.
Table 4.—Starts of New Plant and Equipment Projects, Manufacturing and Public Utilities1
(Billions of dollars)
Annua I
1963
Manufacturing..
1964
1963
I
4.68
17.56 22.17 26.73
2
II
4.30
1965
Durable goods ___
8.91 10. 9*9
Primary metals
2.22 2.68
Electrical machin68" .76
ery.— _
Machinery except
electrical. _
1.31 1.76
Transportation
equipment
2.09 2.66
Stone, clay, and
glass
__
.59 .79
14.03 2.47
3.38 .63*
Nondurable goods 2_
Food and beverage.
Textile
Paper
Chemical.
_ -Petroleum..
Public utilities
8.64 11.17
1.04 1.19
.68 .84
.95 1.11
1.61 2.52
1.26 4.29
6.04
6.41
1964
IV
III
I
II
1965
III
IV
I
5.10
5.41 5.29
6.37
6.64
2.12
.46
2.48
.50
2.65 2.63 3.24
.77 .58 .84
4.13 4.42
2.27 2.06
.51 .64
II
3
III
IV
6. 73 5.96
7.39
3.62 33.68 2.84
.80 .89 .70
3.90
.99
3
1.10
.20
.17
.14
.18
16
.20
20
.20
.25
29
24
31
2.55
.59
.22
.21
.30
55
36
34
52
83
43
58
72
3.44
.55
.70
.39
.45
.49
.63
.77
.78
.81
1.21
.56
.86
.87
.14
.14
.17
.14
.19
.22
.18
.20
.28
21
20
18
12.70
1. 49
1.23
1.34
2.90
4.30
2.20
.30
.14
.30
.34
.89
2.03 2.07
.25 .20
.17 .14
.21 .24
.39 .49
.78 .77
2.30 2.61 2.76 2.68 3.13 3.02
.29 .26 .24 .27 .42 .32
.23 .20 .19 .19 .26 .28
.20
40
23
29
19
34
.38
59 .60
72
61
71
.96 1.10 1.03 .97 1.18 .98
3.06 3.13
.35 .47
31
.32
31
34
67
76
1 03 1 05
3.49
.36
.33
35
76
1.24
9.32
2.10
1.67
1.48
1.75
1.44
2.83
.78
2.34
1.48
1.27
1.32
3.30
1. Starts are estimated by adding changes in carryover to expenditures during the given period.
2. Includes industries not shown separately.
3. Revised.
Sources: U.S. Department of Commerce, Office of Business Economics, and Securities and Exchange Commission.
Table 5.—Manufacturers' Evaluation of Their Capacity
(Percent distribution of gross capital assets) 1
1963
IS 64
19 65
Dec. 31 Mar. 31 June 30 Sept. 30 Dec. 31 Mar. 31 June 30 Sept. 30 Dec. 31
More plant and equipment needed
All manufacturing 2
Durable goods Primary metals 3
Metal fabricators
2
Nondurable goods .
Food and beverage
Chemical
_ __ __ __
Petroleum.
40
38
48
31
42
39
61
33
36
36
45
31
35
29
69
23
38
36
45
30
40
32
77
23
39
36
43
32
41
34
77
24
43
41
44
41
46
39
79
28
42
42
48
39
43
37
79
24
47
49
53
51
45
40
83
24
49
53
53
61
46
44
80
24
48
50
53
51
46
46
83
23
52
49
31
59
55
52
38
67
58
53
33
63
62
64
30
77
56
55
39
64
57
58
22
77
56
56
42
64
56
56
22
76
51
51
42
54
51
50
20
72
52
50
38
56
54
54
20
76
47
44
32
46
50
50
16
70
45
40
33
37
50
47
19
71
47
44
33
47
50
44
16
73
8
6
11
22
6
3
7
1
6
9
16
6
3
10
1
5
8
15
4
3
10
1
6
8
14
5
3
11
1
6
8
14
5
3
9
1
6
7
15
3
5
10
1
6
6
7
14
2
4
9
1
5
5
6
14
2
4
10
1
4
About adequate
AH manufacturing 2 _
Durable goods
Primary metals . _
Metal fabricators 3
Nondurable goods 2 _
Food and beverage
Chemical .
Petroleum..
Existing plant and equipment
exceeds needs
All manufacturing 2
Durable goods
_ _
Primary metals
Metal fabricators 3
Nondurable goods 2 .
Food and beverage
Chemical
Petroleum
13
21
10
3
9
1
_•• •
(*)
(4)
(4)
(4)
(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.
4. Less than 0.5 percent.
Sources: U.S. Department of Commerce, Office of Business Economics, and Securities and Exchange Commission.
14
SURVEY OF CURRENT BUSINESS
Last year at this time, all groups except
pipelines projected substantial increases, and actual investment was
even higher than anticipated. Investment by the pipeline companies
declined from 1964 to. 1965, as projected.
Expenditures of airlines are now
placed at $1% billion for 1966, following a rise of one-fourth last year to
$1.1 billion. Capital investment by
this group dropped substantially in
1962 and 1963 after 3 years of outlays
of more than $% billion annually when
the major changeover to long-range
jets occurred. Now a new round of
acquisitions is underway for mediumand short-range jets. The airlines are
primarily responsible for the strong
rise in expenditures of the nonrail
transportation equipment group anticipated for the second half of 1966.
Trucking firms are planning to hold
outlays relatively steady through the
year, while investment by pipelines is
expected to be lowered in the second
half—continuing the downtrend that
has been in progress since 1964.
Railroads have posted spectacular
increases in investment in the last
3 years. In 1965, they spent $1%
billion on new plant and equipment,
or 2% times outlays in 1961. Programs
for 1966 call for an 8-percent rise in
equipment purchases and a slight decline in outlays for road improvements.
Other nonmanufacturing industries
All the major industries in the
communications-commercial group expect increases in capital outlays in
1966. Trade and service firms are anticipating the largest relative advances
in 1966 spending over 1965 rates.
For retailers and service firms, the
programed increases are larger than
the actual rise in 1965. After a
moderate decline in capital expendi-
March 1966
tures last year, construction firms are
now planning a moderate expansion
this year.
Communications companies anticipate a generally rising trend in outlays
throughout the year after seasonal
adjustment; the increase currently
scheduled for this year is about in line
with the rise in actual capital outlays
last year.
Investment data for mining show
that these companies expect a 16-percent rise in spending from 1965 to 1966;
this is substantially more than the
advance last year. The largest relative expansion for this year occurs
in the capital budgets of nonferrous
metal producers.
Sales Anticipations for 1966
Businessmen feel quite optimistic
about sales prospects for 1966, as chart 8
Table 6.—Expenditures for New Plant and Equipment by U.S. Business,1 1964-66
[Billions of dollars]
1964
1964 1965 19662
All industries
Manufacturing industries
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
Petroleum
Rubber
Other nondurable goods *._.
Quarterly, seasonally adjusted annual rates
Quarterly, unadjusted
Annual
I
II
1965
III
IV
I
II
1964
1966
III
IV
12
112
2d
half 2
I
II
1966
1965
III
IV
I
II
III
IV
12
112
2d
half 2
44.90 51.96 60.23 9.40 11.11 11.54 12.84 10.79 12.81 13.41 14.95 12.64 15.01 32.58 42.55 43.50 45.65 47.75 49.00 50.35 52.75 55.35 57.20 58.90 62.20
18.58 22.45 26.75 3.79 4.53 4.67 5.59 4.54 5.47 5.73 6.72 5.52 6.56 14.67 17.40 17.80 18.85 20.15 20.75 21.55 23.00 24.15 25. 15 25.80 27.90
9.43 11.40 13.50 1.93 2.30 2.37 2.83 2.25 2.76 2.91 3.48 2.78 3.29 7.42 8.85 9.00 9.60 10.15 10.40 10.80 11.75 12.45 12.80 12.90 14.10
1.69 1.93 2.10 .34 .40 .42 .54 .36 .44 .50 .62 .45 .47 1.18 1.60 1.60 1.65 1.90 1.70 1.80 1.95 2.20 2.10 1.90 2.20
.75 .70 .80
.48 .68
.40 .45 .50 .55 .60 .60 .65 .80
.76 .09 .11 .13 .15 .14 .15 .16 .22 .17 .18 .42
.70 .65 .65 .70 .70 .80 .90 .95 1.05 1.15 1.10
.66 .85 1.12 .14 .16 .16 .20 .15 .20 .22 .29 .22 .29 .61
1.64 2.21 2.74 .33 .40 .40 .51 .41 .51 .55 .74 .56 .64 1.55 1.45 1.55 1.75 1.80 1.80 2.00 2.35 2.60 2.45 2.50 3.00
1.51 1.98 2.12 .25 .37 .43 .47 .43 .53 .52 .50 .41 .55 1.15 1.25 1.35 1.65 1.80 2.10 1.95 2.00 1.90 2.00 2.05 2.20
.48
.68
2.28
9.16
1.06
.76
.94
1.97
3.36
.27
.80
.58
.84 .11 .12 .11 .14 .10 .13 .16 .18 .17 .20 .46
.78
.86 .14 .17 .17 .19 .16 .20 .20 .21 .17 .22 .48
2.41 2 95 .51 .58 .56 .62 .51 .60 .60 .71 .63 .74 1.58
11. 05 13.25 1.87 2.23 2.30 2.76 2.28 2.70 2.82 3.24 2.73 3.27 7.25
1.24 1.47 .24 .27 .27 .28 .25 .32 .32 .34 .30 .35 .81
.98 1.34 .14 .18 .20 .25 .20 .22 .26 .30 .25 .30 .80
1.12 1.44 .18 .22 .24 .30 .22 .26 .30 .33 .29 .34 .82
2.59 3.00 .37 .47 .50 .63 .55 .64 .63 .77 .58 .78 1.64
3.82 4.41 .70 .84 .84 .99 .79 .92 .97 1.14 .97 1.11 2.33
.34
.41 .06 .06 .07 .08 .07 .09 .09 .09 .08 .09 .23
.96 1.18 .18 .20 .19 .23 .19 .24 .25 .28 .26 .30 .62
.50
.45
8.55
1.05
.60
.80
1.65
3.30
8.80
1.00
.65
.90
1.80
3.35
.45
.50
9.20 10.00
1.10 1.10
.80 .95
.95 1.05
2.05 2.25
3.30 3.50
.45
.55
.65
.60
.80
.85
.85
10.40 10.70 11.25 11.70 12.35 12.90 13.80
1.10 1.20 1.25 1.35 1.35 1.30 1.60
.85 .85 1.05 1.10 1.10 1.15 1.55
1.05 1.05 1.20 1.20 1.35 1.35 1.55
2.50 2.50 2.60 2.70 2 go 3.05 3.15
3.70 3.75 3.80 4.00 4^45 4.50 4.35
Mining
1.19 1.30
1.51
.26
.29
.30
.33
.29
.33
.32
.35
.34
.40
.78
1.15 1.15 1.20 1.30 1.25 1.30 1.25 1.35
1.45 1.55 1.50
Railroad
1.41 1.73
1.83
.32
.36
.37
.35
.39
.44
.44
.46
.37
.51 .95
1.40 1.25 1.50 1.55 1.75 1.55 1.70 1.95
1.65 1.80 1.95
Transportation, other than rail _._
2.38 2.81
3.15
.51 .63
.59
.64
.58
.77
.72
.73
.76
.90 1.49
2.30 2.25 2.40 2.60 2.55 2.70 3.00
3.00
3.30 3.20 3.10
Public utilities
6.22 6.94
8.04
Communication
__
Commercial and other 5
[ .97 1.10 1.06 1.17 1.08 1.24 1.22 1.41
4.30 4.94
•18.95
10.83 11.79
1.18 1.58 1.71 1.76 1.32 1.71 1.88 2.04 1.47 2.00
2.37
2.61 2.84 3.01 2.59 2.85 3.10 3.25
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 late
January and February 1966. The estimates for the first quarter, second quarter and second
half of 1966 have b3en 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. ears since 1955. The only departure from this procedure is in the estimate for retail trade (in the second half 1966) where the sample may be inadequate and the
suggested correction factor would yield an unusually large and unlikely figure.
[4.19
4.57
4.64 10.12
5.95 6.30 6.30 6.35 6.80
6.85 6.75 7.30
f 4.05 4.30 4.40 4.40 4.55 4.80
5.05 5.30
JIO. 25 10.45 11.00 11.40 11.30 11.60 11.95 12.25
7.65 7.95 8.25
il8.05 18.65 19.50
3. Includes fabricated metal, lumber, furniture, instrument, ordnance, and miscellaneous
industries.
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, 1963,1964, and 1965 issues of the SURVEY
OF CUERENT BUSINESS.
Sources: U.S. Department of Commerce, Office of Business Economics, and Securities
and Exchange Commission.
SURVEY OF CURRENT BUSINESS
March 1966
shows. Substantial increases from the
record rates achieved in 1965 are Expected over a broad range of industries.
Confidence in the continuing strong
uptrend of sales this year is undoubtedly
playing a major role in the buoyant
expenditure plans revealed in this
survey.
Except for steel, all major manufacturing industries expect higher sales
this year. Steel companies, whose sales
were exceptionally large last year because of stockpiling by steel users,
project little change from the high 1965
rate. Durable goods producers look
forward to an 8% percent increase from
1965 to 1966 following an actual gain
of 9 percent from 1964 to 1965. Nondurable goods manufacturers expect
sales to be 7 percent higher than last
year; sales rose 7% percent from 1964
to 1965.
Among trade firms, retailers and
wholesalers anticipate sales gains this
year of 8 percent and 6 percent respectively. These rates of sales expansion
would match the 1965 experience for
CHART 8
Actual and Expected Changes in Sales
Percent change
15
MANUFACTURING
10
Anticipated
.
''-,''
' ' "• i
PUBLIC UTILITIES
TRADE
10
1963-64
1964-65
U. S. Department of Commerce, Office of Business Economics
Keported Expanded Percent
estimates reported
data
(Percent change)
1965-66
1964-65
1965:
All industries
Manufacturing __ _ _
Petroleum
Other industries
Anticipated
Actual
Manufacturing industries i___
6
8
8
Durable goods l
Primary metals
__ -_
Electrical machinery
Machinery, except electrical
Transportation equipment
Stone, clay and glass
7
3
9
9
8
11
8
3
11
12
8
14
2
7
6
6
6
7
3
8
3
8
6
8
13
7
6
7
6
8
7
10
5
Trade
Wholesale
Retail
5
8
9
8
8
9
8
6
8
Public utilities
5
5
5
'
1965-66
Data: OBE-SEC
66-3-8
4,945
2,529
1,752
664
7,078
3,606
2,364
1, 107
69.8
70.1
74.1
59.9
6,041
3,333
1,952
756
8,764
4,786
2,680
1,298
68.9
69.6
72.8
58.2
11
4
7
Nondurable goods 1
Food and beverage
Textile
Paper
Chemical. _
Petroleum..
._
Anticipated
1. Includes industries not shown separately.
retailers but would fall short for wholesalers.
Kevenues of public utility companies,
which rose 5 percent from 1964 to 1965,
are projected to rise a similar percentage
this year.
When the 1966 sales expectations are
compared with the seasonally adjusted
annual rates of sales early in 1966, it
appears that manufacturers, trade
firms, and the public utilities all look
forward to further moderate improvements later this year.
(Continued from page 8)
program for improving the balance
of payments, under which many firms
are borrowing funds outside the U.S.
\
i
(Millions of dollars)
Table 7.—Business Sales, Actual and
Anticipated, 1964-66
Foreign investment
Actual
15
Methodological Note
Reports in the November 1965 resurvey on Form BE-133B were filed
by about 400 major corporations out of
about 500 companies filing regular
annual reports on the sources and uses
of funds of foreign affiliates (Form
BE-133). Of this number, about 300
companies filed their reports prior to
January 15, 1966, when the new guidelines and reporting iorms on the voluntary balance of payments program
were sent out to industry by the
Secretary of Commerce.
These reported amounts were expanded to universe estimates of plant
and equipment expenditures for 1965
and 1966 as shown below:
1966:
All industries
Manufacturing
Petroleum.. _
Other industries
__
_
The following procedure was used in
preparing universe estimates:
1. The previous universe estimate for
1965 based on BE-133 returns submitted in early 1965 was used as a reference point.
2. For 1965, the new data in the BE133B reports were compared with the
matching data given in the BE-133
reports. The comparison was made on
a country-by-industry basis for major
industries (petroleum, mining, and manufacturing) and for manufacturing at
the two-digit SIC level. The sample
changes so derived were used to adjust
the earlier universe coun try-by-industry
estimates. The resultant 1965 estimates were further increased by the addition of $196 million of expenditures
for completely new projects not previously included in the earlier 1965
survey.
3. To make new estimates for 1966,
the newly established totals for 1965
(as derived in (2) above but before the
adjustment of $196 million) were raised
or lowered on the basis of the change
shown in a separately matched set of
sample data containing revised 1965
estimates and 1966 projections from
Form 133B. The resultant 1966 estimates were in turn further adjusted to
include investments for completely new
projects appearing for the first time in
the Form 133B reports; the amount of
these adjustments reported for 1966 was
$307 million.
4. As a check on the estimates derived in the above fashion, a separate
set of matched sample data was established, consisting of the old and the
revised 1966 projections. Ratios derived from these matched data were
applied to the 1966 projections that
appeared in the SURVEY OF CURRENT
BUSINESS for September 1965. The
check confirmed the reasonableness of
the estimates derived in (3).
by WALTHER LEDERER, EVELYN M. PARRISH, and SAMUEL PIZER
The Balance of International Payments:
Fourth Quarter and Year 1965
CHANGES in U.S. international
transactions from the third to the
fourth quarter that adversely affected
the balance of payments included a
larger rise in imports than in exports,
smaller debt repayments by foreigners,
and slightly higher net outflows ol U.S.
capital. Working in the opposite direction were a shift in transactions in U.S.
securities—from large net sales by
foreigners to net purchases—and larger
receipts from foreign advances on mili-
tary purchases. For the year as a
whole, the decline in net capital outflows exceeded the drop in the surplus
on goods and services.
Measured on the basis of changes in
U.S. official reserve assets and in liquid
liabilities to all foreigners, the balance
of payments during the fourth quarter—
adjusted for seasonal variations—
was adverse by about $380 million.
For the third quarter, the corresponding
figure was about $520 million, and for
I CHART 9
Exports and Imports of Goods and Services
Billion $
Billion $
11
10
11
EXPORTS OF GOODS,
AP- SERVICES
. '-V
' •-'-.'.
IMPORTS OF GQQDS
AND SERVICES
10
7
S"r-v --" ' • ' • = :
^
,„-•>' ,:- ;,
;, ,
,
,.,,,.../;>"-K/.—IV
:
0
i- l . i - I i t t I / ri T-H i^ f'.'!-.-.i.;.i' i Li i / i
62
1961
63
64
65
66
" ,; ,
; •;'
-A--.
,
',;•;,;'-'-->
----Investment Income-~-t
', 2
,
-
(
;
Changes in foreign holdings of liquid
'•••• •••^"^.•"•^^.•-'•;' V- - ' - ' • ••
1 1 i, .1 i i i: I i i.-I -I i i l l i i i I i
1961
62
63
64
65
ii
dollar assets
0
66
Quarterly, Seasonally Adjusted
*Shipping strike
U. S. Department of Commerce, Office of Business Economics
16
1965 as a whole, it was about $1.3
billion. This was a considerable improvement from the adverse balance of
approximately $2.8 billion for 1964 and
$2.7 billion for 1963.
The fourth quarter balance measured
on the basis of official reserve transactions, i.e., by changes in U.S. official
reserves and in U.S. liquid and nonliquid liabilities to foreign central banks
and certain other official agencies, was
adverse by about $1,225 million after
seasonal adjustment, as compared with
a favorable balance of about $245
million for the third quarter. For 1965
as a whole, this balance was adverse by
about $1.3 billion, very close to the
balance on the liquidity basis indicated
above. However, the improvement in
the official reserve transactions balance
from 1964 was less than $50 million.
The sharp change of this latter
balance from the third to the fourth
quarter of last year reflects not so much
a basic change in the U.S. balance of
payments situation as shifts on the
books of U.S. banks between foreign
private and foreign official accounts.
These shifts were associated first with
a deterioration and later with the
restoration of confidence in the British
sterling. During the third quarter,
dollar balances moved from British
official accounts to foreign private
accounts as foreign residents sold sterling for dollars, and British authorities
had to draw on their reserves to meet
the demand for dollars. During the
fourth quarter, the transactions were
reversed, and dollar balances were
transferred back to British official
accounts.
66-3-9
The difference between the strong
improvement from 1964 to 1965 in the
balance measured on the basis of the
March 1966
liquidity concept and the very small
change in the balance measured on the
basis of official reserve transactions
was due mainly to the decline in accumulations of liquid dollar balances on
foreign private accounts.
In 1965, liquid dollar holdings attributed by U.S. banks to foreign banks
and other private accounts rose by
about $390 million (table 6, II A 3
and 5), about $1.4 billion less than the
$1.8 billion rise in 1964. These may
be compared with increases of $855
million in 1963, $2 million in 1962, apd
$680 million in 1961, and with a decline
of about $50 million in 1960. Although
an upward trend is apparent in these
rather irregular movements, the 1964
accumulations clearly exceeded any
reasonable trend by a considerable
margin. The 1964 rate of dollar accumulations on foreign private accounts
could not have been expected to be
sustained.
The lower rate in foreign dollar
accumulations in 1965 was not limited
to foreign private accounts. Liquid
dollar assets held on foreign official
accounts declined $80 million, as compared with an increase of about $1,070
million in 1964, and resulted in a drop
in net accumulations of $1,150 million.
During the first half of the year, these
developments were—in part at leastassociated with a sharp rise in foreign
demand for gold by both official agencies and private buyers. During the
second half, the extraordinary foreign
demand for gold subsided, and foreign
dollar accumulations increased again,
but nearly all the increase was on
foreign official accounts.
Changes in U.S. reserves
U.S. official reserve assets declined
during the fourth quarter by $271 million, substantially more than during
the second and third quarters. The
major part of this decline—$178 million—was in convertible currencies,
primarily British sterling. It reflected
the improvement in the British reserve
position, referred to earlier, which permitted the British authorities to repurchase sterling from U.S. official
agencies. The U.S. official agencies
had acquired the sterling balances
through swap transactions—mainly in
17
SURVEY OF CURRENT BUSINESS
the third quarter—as part of a multination effort to support the British
currency. Indirectly, therefore, the decline of U.S. official holdings of convertible currencies in the fourth quarter
was offset by the decline in foreign
private holdings of liquid dollar assets.
U.S. official gold holdings fell by
$119 million, somewhat less than in
the third quarter and considerably less
than in the first half of the year.
For 1965 as a whole, however, the decline of about $1.4 billion in gold
holdings (not counting the $259 million
transfer to the IMF as part of the
additional subscription) was the largest
since the $1.7 billion decline in 1960.
As indicated earlier, a large part of
the 1965 increase in the foreign demand
for gold originated with private buyers.
Net private purchases of gold may have
reached $1.7 billion; these probably
absorbed all of the new supplies currently produced outside of the Soviet
bloc as well as the net sales by the
Soviet bloc. New gold supplies entering official reserves of the free world
apparently fell close to zero.
During the years 1960 to 1964,
private purchases of gold averaged close
to $1 billion, and in the late 1950's they
averaged about $600 million, leaving
about $500 million to $600 million per
year of newly mined supplies and sales
by the Soviet Union for increases in
official reserves.
Although foreign private demand for
gold cannot be met through direct
purchases from the United States, it
affects U.S. gold sales indirectly. When
foreign private purchasers acquire gold
in one of the markets where newly
mined and Soviet gold are offered for
sale, they absorb the supplies that
foreign official agencies might otherwise
acquire in exchange for their excess
dollar holdings. This tends to divert
foreign official gold purchases to the
United States.
developments appear to have improved
the balance of payments by about $100
million. The balance was improved by
about $152 million through net advances on military contracts, by $23
million through unscheduled receipts on
Government loans, and by about $150
million through the postponement of
foreign issues of bonds to the first
quarter of 1966. Partly offsetting the
favorable effects of these transactions,
which totaled about $325 million, were
the unfavorable effects resulting from
the postponement of the annual service
payments of $138 million by the United
Kingdom on its postwar loan. Fourth
quarter transactions also included some
security conversions by the U.K. Government and about $50 million of extraordinary steel imports ordered earlier in
the year as a hedge against shortages
expected to develop in the event of a
steel strike.
CHART 10
Percent Change in Imports in Relation
to Percent Change in GNP
20.0
•V*:*
15.0
Unusual factors affecting the balance
In analyzing broad trends in the balance of payments, it is helpful to isolate major types of transactions of an
unusual nature, frequently initiated by
governments. During the fourth quarter of 1965, such transactions and
0
2.5
5.0
7.5
10.0
12.5
Percent Change in GNP Over Previous Year
U. S. Department of Commerce, Office of Business Economics
66-3-10
SURVEY OF CURRENT BUSINESS
18
March 1966
Table 1.— International Transactions, Excluding Military Grant Aid, Seasonally Adjusted
(Millions of dollars)
'
Calendar year
1964
I.
1965
1964
1965
I
II
III
IV
Ir
III'
II '
IV P
Imports of goods and services, unilateral transfers, and net increase in U.S.
assets—recorded
39, 150
38, 652
9,218
9,195
9,737
11,000
8,851
9,604
9, 951
10,246
1. Imports of goods and services (table 3, line 13)
28,457
31, 980
6, 878
7, 061
7,136
7,382
7, 155
8,106
8, 219
8,500
2.
3
4.
Merchandise, adiusted, excluding military _ _ _ ^
Transportation
Travel
18,619
2,464
2, 216
21,492
2, 648
2,458
4,410
613
535
4,599
616
554
4,709
613
550
4, 901
622
577
4,663
618
601
5, 480
675
615
5,594
658
616
5,755
697
626
5.
6
Miscellaneous services:
Private
Government, excluding military
396
534
375
551
98
149
99
128
98
128
101
129
104
133
94
136
87
139
90
143
2,824
2,838
732
720
691
681
662
702
720
754
952
452
1,130
488
230
111
235
110
238
109
249
122
252
122
287
117
287
118
304
131
560
279
612
366
142
67
137
66
135
72
146
74
151
73
159
133
146
83
156
77
Total, net payments (debits)
7
_____ _ _
.
Military expenditures
8
9.
_ ._
Income on investments:
Private
Government
10 Private remittances (table 3 line 26)
11 Government pensions and other transfers (table 3, line 29)
_
Government grants and capital:
Outflows (table 3, lines 28+39+42)
(Transactions involving no direct dollar outflows from the United
States)
_
:_
_
14 .
(Dollar payments to foreign countries and international institutions') 1 .
15
16
18
19
20
21
Direct investments
Foreign securities newly issued intheU.S
Redemptions
Other foreign securities
22
23
Other long-term claims, net:
Reported by U S banks
Reported by others
24
25
Other short-term claims, net:
Reported by U.S banks
Reported by others
_
26. Increase hi U.S. official reserve assets, net (decrease—) (table 3, line 57) _ _
1,083
1,085
1,126
962
1, 150
1,098
1,078
831
135
897
186
902
183
928
198
780
182
953
197
903
195
903
175
-575
-122
-677
-221
-161
-52
-160
-33
-160
-30
-94
-7
-177
-10
-186
-5
-190
-183
-124
-23
3,526
1,327
1,344
1, 569
2,222
1,539
315
819
853
3,266
1,206
-222
-267
464
124
-54
-94
540
183
-38
-40
551
157
-38
-35
821
599
-63
-24
1,159
299
-55
-34
891
225
-51
-162
515
393
-42
-64
701
289
-74
-7
216
55
272
26
93
58
264
264
313
8
483
-14
-178
7
66
4
-155
58
1,523
588
17 Increase in U S. private assets, net (decrease—) (table 3, line 31) _
966
3,539
749
942
356
_
4,288
3,558
702
2,376
1,063
-193
-193
Repayments on U.S. Government loans (credits—):
Scheduled (table 3, line 40)
Nonscheduled and selloffs (table 3 line 41)
4,260
6,462
12
13.
-311
-417
383
206
523
25
162
244
455
113
-45
-254
-188
-229
-10
-43
-68
109
-171
-1,222
51
-70
151
-842
-68
-41
-271
-303
II. Exports of goods and services, and net increase in foreign assets in the U.S.—
recorded
40,311
28
29
Merchandise adjusted excluding military
(Financed by Government grants and capital)
30.
31.
Transportation
Travel
32
33
34
35
36
37
38
Income on investments:
Direct investments
Other private
Government
-
_
--
-
_
39. Transactions in foreign assets in the U.S., net (increase +) (table 3, line 43) _
40
Foreign nonliquid assets in U S private enterprises, net
41
Direct investments
42
U S corporate securities
_ _ _
____
43
Long-term claims on U S banks
44
Long-term claims on nonbanks
45
Short-term claims on nonbanks
46
47
48
49
50.
51
52
10,028
11,430
8,861
9,685
10,267
10,498
8,991
9,335
9,607
8,711
10, 144
10,038
10, 167
26,285
*J14
2,400
1,212
6,149
671
6,067
683
6,382
•74*
6,690
716
5,627
577
6,800
744
6,829
718
7,029
681
571
268
558
264
600
270
588
293
532
278
617
295
610
301
641
338
756
1,081
261
762
893
1,112
289
815
179
267
60
194
175
276
65
191
192
265
66
168
210
273
70
209
207
270
68
174
211
273
71
229
234
286
74
199
241
283
76
213
4,129
1,428
497
968
298
130
955
308
132
946
314
132
872
342
60
1,064
352
139
1,144
362
142
1,016
347
142
905
367
74
3,294
225
-5
-84
236
-37
115
251
-51
56
-424
185
14
118
422
10
17
-42
36
-5
4
356
113
29
14
51
(«)
19
693
-8
-27
-30
14
-29
64
1,823
110
-24
-26
135
-3
28
150
274
89
35
152
5
-7
-459
-246
-90
-255
43
-4
60
229
-197
41
-235
-49
11
35
331
118
16
31
39
2
30
178
196
60
113
-50
100
'-30
4
204
149
18
<«)
69
-10
1
133
-24
6
-12
-33
-5
152
-19
-27
Foreign liquid assets in the U.S., reported for:
Foreign official agencies *
Other foreign accounts
-
223
104
'209
49
207
342
-86
-25
'158
-8
4
' -68
'-23
-8
' -50
r -2
1,073
1,554
-
Other nonmarketable, nonconvertible medium-term securities 3 _~ _
• -50
129
237
71
48
231
-116
639
904
613
-255
71
-300
-26
-263
739
768
-655
-1,161
-659
-288
-152
-291
-430
-10
-81
-316
-252
e
r_Revised.
p—Preliminary.
—Estimated.
*—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 1 of table 4.
-36
442
Foreign nonliquid claims on the U.S. Government, net
Associated with:
Military contracts
Government grants and capital outflows
Other specific transactions
III Errors and omissions, net
9,347
9,084
3,741
1, 262
454
Miscellaneous services:
Private:
Fees and royalties from direct investments
Other
Government excluding military
Military sales 2
~- __
9,506
39, 060
25, 288
8,818
-
39,311
37, 017
2,317
1,095
Total net receipts (credits)
27 Exports of goods and services (table 3, line 3)
35
-1
r(x)
-2
29
(«)
-6
3. Includes Export-Import Bank Portfolio Fund Certificates of Participation.
4. Seasonally adjusted figures are derived as residual of seasonally adjusted amounts for all
other *—-•"—
~^~ transactions.
March 1 6
96
SUEVEY OF CUKKENT BUSINESS
The advances on military contracts Government agencies). Net sales of
included $160 million obtained from the U.S. corporate securities attributed in
Central Bank of Italy. To cover this U.S. statistics to all British residents
indebtedness, the U.S. Treasury issued amounted during the third quarter to
to the Bank of Italy nonconvertible, $228 million. Receipts on military
nonmarketable medium-term bonds for orders fell short of deliveries by about
$75 million and $85 million. These $12 million, and extraordinary steel
bonds will, in effect, be canceled as the imports were about $100 million. The
U.S. Government pays U.S. suppliers, net effect of these transactions and
on behalf of Italy, for the production of developments was adverse by about
military equipment. This transaction $150 million.
was, therefore, similar to other foreign
After adjustments for these unusual
advance payments on military con- transactions, the balance on all other
tracts. However, since the U.S. lia- transactions—measured on the basis
bility is to a foreign central bank, rather of the liquidity concept—indicates a
than to a foreign military agency, the slight deterioration in the fourth
proceeds are not registered as a long- quarter, just the opposite of the change
term capital inflow—and, therefore, as in the balance on all transactions.
an improvement—in the balance of
Adjustments for these and otiher
payments under the official reserve transactions of a transitory character—
transactions concept.
including the repatriations of shortAdjustments for unusual transactions term funds by nonbanking corporations
and developments during the third in response to the President's program
quarter would include (among those to improve the balance of payments,
improving the balance) advance re- and extraordinary dividend receipts
payments on Government loans (mainly
during the first half of the year—
by France) and other unscheduled
indicate that on all other transactions
receipts of $183 million. Among such
transactions having an adverse effect the balance changed relatively little
on the balance may be counted con- from the first to the second half of
versions by the British Government 1965. For the year as a whole, the
of U.S. corporate securities (including improvement from a comparable balance
nonguaranteed securities issued by U.S. for 1964 was nearly as large as in the
19
balance on all transactions measured
on the liquidity basis.
Major changes in other transactions
The improvement in the adjusted
balance from 1964 was largely the result
of a decline in net capital outflows of
about $3 billion, partially offset by a
drop of $1.6 billion in the surplus on
merchandise trade, as exports rose less
than a year earlier, while the rise in
imports accelerated.
The major change from the first to
the second half of 1965 was the decline
in capital outflows—omitting the repatriations of short-term funds mentioned above—particularly in direct
investments. The balance on goods
and services remained fairly stable if
the special dividend receipts in the first
half of the year are disregarded. These
changes were nearly compensated for,
however, by an apparent increase in net
payments on transactions as yet unrecorded.
With capital outflows substantially
smaller than last year and additional
declines expected from the recent
changes in the guidelines for nonfinancial corporations, improvements in the
balance of payments through further
reductions of net capital outflows are
likely to be more difficult to achieve.
Table 1A.—Analysis of United States Balance of Payments
(Millions of dollars)
1965
1964
Calendar year
I
III'
IV P
IV
I'
-593
428
-1,366
3
-658
-473
258
69
-517
454
-384
-50
-1,021
-1,369
-185
189
-971
-334
70
135
-45
-20
-151
-118
-205
172
842
68
-58
832
68
-466
-56
590
41
330
-413
124
271
-26
178
119
329
215
114
951
389
562
1,520
869
651
-657
-860
203
-257
-107
-150
930
253
677
63
664
-601
-374
167
28
505
-844
-35
-564
-605
244
516
-1,226
-104
1964
1965
-2,798
-1,301
-2,798
-1,301
224
171
266
-220
125
1,222
—94
-349
1,665
-51
131
-228
46
303
118
258
-73
2,627
1,073
1,554
79
-50
129
-173
-400
227
-1,342
-1,299
-1,342
-1,299
171
1,222
II
III
II'
A. Balance on liquidity basis—measured by increase in U.S. official reserve assets
and decrease in liquid liabilities to all foreign accounts
1. Seasonally adjusted (table 1, lines 26, 51, and 52)
2.
Less seasonal adjustment
_
3. Seasonally unadjusted (table 3, lines 55, 56, and 57) (equal to sum of lines
4 and 8 below with signs reversed)
4.
5.
6.
7.
8.
9.
10.
Increase (— ) in U.S. official reserve assets (table 3. line 57)
IMF gold tranche position i
Convertible currencies
Gold i
Decrease (— ) in liquid liabilities to all foreign accounts
Reported for official agencies (table 3, line 55)
Reported for other foreign accounts (table 3, line 56).
__
_ __
-257
-481
-582
.. 50
-632
B. Balance on basis of official reserve transactions—measured by increase in U.S.
official reserve assets and decrease in liquid and certain nonliquid liabilities to
foreign official agencies.
11. Seasonally adjusted (table 1, lines 26, 51, and lines 16 and 17 below)
12.
Less seasonal adjustment
13. Seasonally unadjusted (equal to sum of lines 14, 15, 16, and 17 below with
signs reversed)
14.
Increase (— ) in U.S. official reserve assets (table 3, line 57, for details
see lines 5, 6, and 7 above)
_ __
15.
Decrease (— ) in liquid liabilities reported for foreign official agencies
(table 3, line 55)
_
Decrease (— ) in nonliquid liabilities to foreign central banks and certain other official agencies:
16.
By U.S. private organizations (included in table 3, line 44)
17.
By U.S. Government (included in table 3. line 50)
-152
-637
485
-51
-541
303
70
-809
41
54
-151
842
68
1,073
-50
-400
215
389
869
148
-50
-41
168
25
-59
44
-21
15
3
64
27
••—Revised.
f— Preliminary.
*—Less than $500,000.
1. Reflects $259 million payment of gold portion of increased U.S. subscription to IMF in the second quarter of 1965.
-477
247
193
-860
-21
-2
-107
-28
13
-272
-1,122
41
271
253
664
-20
2
28
159
20
SURVEY OF CUEEENT BUSINESS
Goods and services transactions have,
therefore, become more critical in determining future changes in the balance of
payments. These transactions are, of
course, affected by changes in prices, in
demand, and in productive capacity in
this country as compared with the
corresponding changes in those foreign
countries that are our principal competitors in world markets. They are
also affected by political and military
developments and by the associated
foreign expenditures.
In the following sections, the developments in the major types of transactions
are analyzed in more detail.
what during the year in the Western
European countries and in Japan, and
U.S. sales to these countries rose in the
third and fourth quarters.
The increase in exports to the advanced countries was partly offset by
weaker markets in the less developed
countries. However, in the second
half of the year, particularly in the
fourth quarter, exports to Latin America turned upward again, and shipments
to many countries in Asia and Africa
also rose, with India the notable
exception.
Agricultural exports were $6.2 billion
in 1965, not much changed from $6.3
billion in 1964. With wheat exports
considerably lower, shipments to the
Merchandise Trade and Government Transactions
less developed areas dropped by about
$200 million and to the Soviet bloc by
about $150 million, but there were
sizable increases in sales to Western
Europe and Japan, mainly of feedstuffs
and soybeans. After midyear, agricultural exports rebounded from the
low annual rate of $5.9 billion in the
first half of 1965 and by the fourth
quarter were at a rate of $6.75 billion.
From 1964 to 1965, nonagricultural
exports rose $1.1 billion, or about 6
percent, to a total of $20.1 billion. The
major part of the increase was to
Canada, but there were also advances
to most other areas except Japan. In
the fourth quarter of 1965, nonagricultural exports reached a seasonally
Table 2.—U.S. Balance of Payments by Major Components,1 Seasonally Adjusted
Recovery in exports
U.S. exports adjusted to a balance of
payments basis increased 4 percent to
$26.3 billion in 1965. Exports increased 14 percent in 1964 and just over
7 percent per year during the preceding
10 years. In the first half of 1965, exports were less than in the second half
of 1964, even after corrections for distortions in the timing of exports created
by the January-February shipping
strike. The decline may have reflected
losses caused by that strike, but it may
also have been due to lower demand
abroad for agricultural goods and the
slackened rate of business expansion in
major industrial countries overseas.
However, exports improved in the second half of 1965. By the fourth
quarter, they were at a seasonally adjusted annual rate of $28.1 billion,
about 7.7 percent higher than they had
been a year earlier (omitting strikeinduced shipments in that period).
The rise in exports in 1965 was largely
in shipments to Canada, which expanded 15 percent. Gains occurred
throughout the year in response to
booming Canadian demand. By the
fourth quarter, exports to Canada were
at a seasonally adjusted annual rate of
$6.1 billion, nearly one-fourth higher
than in the final quarter of 1964.
In other industrial areas, a reduced
rate of economic expansion in 1965 was
the main factor holding the increase in
U.S. exports to about 4% percent.
Business conditions improved some-
March 1966
(Millions of dollars)
Calendar year
1965
III'
1964
1965
I'
II'
25, 288
26, 285
5,627
6,800
6,829
2,812
2,714
577
744
712
681
22, 476
-18, 619
23, 571
-21, 492
5,050
-4,663
6,056
-5, 480
6,117
-5, 594
6,348
-5, 755
IV *>
Goods and Services, Government Assistance and LongTerm Capital Accounts 2
A. 1. Nonmilitary merchandise exports
2.
Less: Those financed by Government grants and
capital
3. Merchandise exports, other than those financed by
Government grants and capital- _ _ _ _ _
4. Nonmilitary merchandise imports
5. Balance on trade excluding exports financed by
Government grants and capital
7,029
3,857
2,079
387
576
523
593
10,967
11,960
2,910
3, 115
3,010
2,925
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
694
188
174
166
166
11, 266
-7, 650
2,722
-1,830
2,941
-1, 924
2,844
-1,905
2,759
-1, 991
10. Balance on services other than those rendered under
Government grants and capital. _ _ _ _ _
3,368
3,616
892
1,017
939
11.
B.
585
10,382
-7,014
7,225
5,695
1,279
1,593
1,462
1,361
-2,824
'980
-2, 838
1,095
-662
243
-702
342
-720
185
-754
325
-702
-749
-182
-197
-195
-175
Balance
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. Nonliquid U.S. Government liabilities associated
with miscellaneous specific transactions
9. Net sales of other nonmarketable medium-term,
nonconvertible securities *
10.
Balance
_
_
C. Balance on Goods and Services, Government Assistance
and Long- Term Capital Accounts
768
576
743
162
152
317
-4, 351
-4,254
-1,838
-732
-872
-812
110
-839
-169
-978
281
-224
-306
-292
-232
-229
88
-233
1
-5
-27
-1,751
-1,482
-289
-121
6
207
-25
'-23
-8
-6,866
-7, 183
-2,219
-1,731
359
-1,488
-940
-138
-2
112
-6
(*)
D. Recorded U.S. private short-term capital outflow less
foreign short-term credits to the United States (excluding foreign liquid dollar holdings)
-1, 996
292
477
88
E. Unrecorded transactions
-1,161
-659
-10
-81
-316
-252
F. Balance C+D+E
-2, 798
-1,301
-658
258
-517
-384
846
-11
'—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.
3. See footnotes 1 and 4 to table 4.
4. Includes Export-Import Bank Portfolio Fund Certificates of Participation.
NOTE.—For reconciliation of data on Government transactions shown in this table with those shown in tables 1 and 3,
see table 4.
March 1966
SURVEY OF CURRENT BUSINESS
excluding unusual steel imports) and
11.5 percent respectively. In 1965,
when GNP increased 7.6 percent,
imports rose 15.5 percent (about 13.8
percent excluding exceptional steel imports). The percentage increase in
imports last year was thus twice as
large as the increase in GNP (1.8 times
as large excluding special steel imports).
Similarly, from the fourth quarter of
1964 to the fourth quarter 1965, when
GNP expanded by 8% percent, the rise
in imports was 17.4 percent, approximately double.
Contributing to the overall rise in
imports in 1965 were substantially increased imports of industrial supplies,
consumer goods, and capital equipment.
Imports of steel (included in industrial
supplies) rose nearly $450 million or
over 50 percent in 1965, reflecting the
delivery, mostly during the second and
third quarters of the year, of a substantial volume of strike-hedge orders
that had been placed abroad. In the
fourth quarter, steel imports were about
$50 million lower than in each of the
preceding two quarters.
Imports of other industrial supplies
Large rise in imports
increased each quarter, and for the
U.S. imports expanded by 15.5 per- full year totaled $9.3 billion, 12 percent
cent to $21.5 billion in 1965. This was above the 1964 level. Imports of
the largest percentage rise since 1959, capital equipment advanced 40 percent
when there was also a sharp advance in to $1.5 billion last year, reflecting
GNP and an extraordinary demand for perhaps the lengthening of delivery
schedules on domestic orders. Imports
foreign steel.
Last year's rise in imports was a good of passenger cars and other consumer
example of the high degree of sensitivity goods rose 20 percent.
There was little increase in imports
of changes in imports to large changes
of foodstuffs in 1965. Coffee and sugar
in GNP. The relationship between the
changes in imports and in GNP over imports were exceptionally low in the
the past 8 years, measured in current first half of the year and although they
increased in the second half, they did
prices, is illustrated in chart 10.
not equal 1964 levels.
When GNP has increased less than
Japan, Western Europe, and Canada
about 3% percent, imports have
were the major sources of increased
declined. When GNP has increased
imports in 1965. Purchases from the
more than this, the change in imports
underdeveloped areas, especially from
not only has been positive but has
Latin American suppliers of foodstuffs,
increased relative to the change in
rose less.
GNP.
In 1958, 1960, and 1961, for example, Government transactions
Military expenditures last year, at
when the rate of increase in GNP
ranged from 1.4 to 3.2 percent, imports $2.8 billion, equaled the 1964 total.
showed decreases ranging from 1.5 to During 1965, the increase in Vietnam
3.8 percent. In 1959 and 1962, with activities led to a reversal of the downincreases of 8.1 and 7.7 percent in GNP, ward trend of the preceding 2 years,
imports rose 18.2 percent (16.0 percent and by the fourth quarter, aggregate
adjusted annual rate of $21.4 billion,
6J£ percent larger than in the fourth
quarter of 1964.
The rise in new export orders for
machinery during the year suggests an
improvement in the demand for nonagricultural exports. These orders were
relatively stable for a whole year
starting with the first quarter of 1964,
but they started to rise in the second
quarter of 1965. By the fourth quarter,
they were about one-fourth higher
than a year earlier, and this January,
the advance over a year ago widened
even more. The upsurge in new orders
probably reflects the pickup in business
activity in foreign industrial areas.
The lengthening of delivery schedules
that became apparent last year in the
domestic machinery industry so far has
not had an adverse effect on export
sales. Although unfilled orders for
machinery exports rose in 1965, export
sales of machinery increased even more.
Slower delivery schedules on export
orders could have an unfavorable impact
on our competitive position in foreign
markets.
21
expenditures were about 10 percent
larger than they had been a year earlier.
Expenditures in Asia (other than Japan)
and Africa during the fourth quarter
are estimated to have been about $100
million higher than a year earlier.
The increase in Government pension
and similar transfer payments in 1965
reflected mainly the payment in the
second quarter of $60 million in partial
settlement for foreign property taken
over by the U.S. Government during
World War II.
Government grants and capital outflows totaled $4.3 billion last year,
almost equal to the 1964 level. Nonscheduled repayment on Government
loans in 1965 amounted to $0.2 billion,
with the bulk received in the third
quarter from France. Scheduled repayments increased about $0.1 billion
in 1965. However, fourth quarter receipts were low since repayment on the
CHART 11
Private U.S. Capital Outflows
1961
62
63
64
1964
65
Half Years
at Annual Rates
1
Includes assets held by banks for their customers.
U. S. Department of Commerce, Office of Business Economics
SURVEY OF CURRENT BUSINESS
22
March 1906
Table 3—-United States Balance of Payments by Area—
[Millions
1
Type of transaction
1964
1 Exports of goods and services (credits) ._
3
4
5
6
7a
7b
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36a
36b
37a
37b
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
57a
57b
57c
58
III
38,345
9,006 10,369
Goods and services transferred under mili- v 1, 328
tary grants, net.
Goods and services excluding transfers 37,017
under military grants.
Merchandise, adjusted, excluding mili- 25,288
tary.
Transportation
2,317
Travel
1,095
Miscellaneous services:
Private:
Fees and royalties from direct invest756
ments.
Other
1,081
Government, excluding military
261
Military sales
762
Income on investments:
Direct investments
3,741
Other private
1,262
Government
454
1964
1965
Year
2
Western Europe
All areas
Year
IV
P214
40, 684
I
II
39,060
III
1964
1965
P271
M07
*>320
Canada
1965
1964
Year III'" IV P Year III IV Year IIP IV* Year
IV
8,918 11,031 9,697 11,038 12,823 2,881 3,529 13,315 3,095 ,605
P292 P 1,624
8,792 10, 077
Year
III' IV *
Eastern Europe
394
53
41
176
38
59
394
53
41
176
38
59
6,673 ,584 1,837
8,588 ,936 2,417
8,909 2,097 2,543
355
42
36
146
25
53
4,767 ,127 1,251
646
270
1,054
157
271
34
1,138
178
18
1
1
6
2
1
12
1
3
1
3
6,897
26, 285
5,617
607
334
591
235
2,400
1,212
498
232
7,035 6,333
641
340
615
370
7,300
273
49
295
56
301
40
230
893
202
206
224
261
306
75
89
361
89
103
291
70
209
1,112
289
815
263
68
174
268
71
229
276
74
199
305
76
213
409
72
618
94
19
141
113
18
184
405
75
501
98
18
122
115
20
113
816
309
120
1,080
347
127
4,129
1,428
497
1,046
344
103
1,078
370
131
878
342
115
1,127
372
148
654
297
108
107
71
28
182
83
31
774
316
126
133
76
31
166
80
39
9
6
1
2
9
1
6
1
1
Imports of goods and services (debits)
28,457 7,459
Merchandise, adjusted, excluding mili- 18, 619 4,651
tary.
Transportation _ _
2,464
675
Travel
849
2,216
Miscellaneous services:
Private. ._ _
396
101
165
Government, excluding military . _ _ _
534
2,824
691
Income on investments:
218
952
Government .
109
452
Balance on goods and services. _ _ _ _ _ _ _ __ 9,888 1,547
Excluding transfers under military grants. . 8,560 1,333
Unilateral transfers, net (to foreign countries (-)).
...
-4,051 -844
Excluding military transfers
-2, 723 -630
7,360
5,030
31,980
21,492
6,774
4,604
8,201 ,517
5,487 ,486
5,915
9,942 ,544 2,548 11,234 ,972 ,926
5,192 ,233 1,459 6,198 ,544 ,776
123
99
35
26
33
27
165
139
41
33
49
42
565
444
2,648
2,458
539
382
756
650
724
940
629
486
1,372
758
391
298
291
121
1,506
861
433
345
7
9
2
5
2
7
10
4
2
2
375
108
551
137
681 •2,838
98
112
662
91
117
702
91
173
720
•754
95
149
236
124
1,482
57
31
358
65
34
356
244
124
1,416
60
63 (*) (*) (*)
2
2
32
7
30
356 "344
1
1,130
488
8,704
7,080
255
122
2,144
1,773
329
131
522
256
2,881
2,321
114
62
337
249
151
71
981
874
600
28F.
2,081
1,549
134
70
123
43
Other grants
Pensions and other transfers
-1,328
-1, 884
-279
-214
-425
-72
-292 -1, 624
-451 -1, 821
-366
-74
Transactions in U.S. assets abroad (excluding
reserve assets) , net increase ( — )
-8, 141 -1,539 -3,045
U.S. private assets, net
-6,462 -1,144 -2,481
-2, 376 -440 -910
Foreign securities newly issued in the U . S .-1,063 -71 -581
63
Redemptions
193
38
24
Other foreign securities
35
193
Other long-term claims, net:
Reported by U.S. banks
-942 -240 -382
Reported by others
-8
-356 -264
Other short-term claims, net:
84 -671
ReDorted bv TJ S banks
-1, 523
-16
Reported by others
-588 -286
Transactions in foreign assets in the U.S. net,
(increase +)•
Foreign nonliquid assets in U.S. private enterprises, net.
Direct investments
_
.
U.S. corporate securities
Long-term claims on non-banks
Short-term claims on non-banks
Foreign nonliquid claims on the U.S. Government, net.
Associated with:
]V4ilitary contracts
Government grants and" capital outflows.
Other specific transactions
Other nonmarketable nonconvertible
medium-term securities.
Foreign liquid assets in the U.S., reported
for:
Foreign official agencies 2
__
Other foreign accounts 2 _
Changes in U.S. official reserve assets
Convertible currencies
Gold
Errors and omissions
-612
-156
3,294
-395
-601
155
30
21
'209
49
-167
-162
-371
-437
-73
-662 -271
-499 -415
-133 -83
-320
-470
-77
-560 -88 -107
-81 -27
-139 -36 -38
-216
-55
-461
14
201 -42
-47
-188
311
417
r 23
'176 260
••191 (*)
-581 -222
-689 -496
237
-330
-632
677
221
— L
145
10
147
-189
166
208
183
110
32
-148
-11
-273 103 -152
51
-102 -117
4:
-436
-648
-223 -23 -92
-470 -132 —126
158
23
119
24
31
-63 -117
-390
-589 -103
-82 (*)
104
281
1,987
251
-323
110
-51
274
-246 -197
-24
-2'
89
35
152
-90 41
-255 -235
4; -49
16
31
2?
227
56
-424
185
14
118
223
r-30
149
49
342
-86
683
11
6
6(
35
113 -50
30
100
69
-10
133 -12
-24 -33
44
-2
204
1,07
1,55
389
562
86
65
-5
12
r-86
17
26
-22
12
70
135
-2
-15
-11
-20
17
1,22
-9
-34
1,66
-1,16
-35
-69
-65
66
11
-44
-6 (*)
140
34
3!
6
4
—7
-2
-4 -1 -1
17
5
-3 -3
-12
-5
(*)
15
30 (*)
1
11
149 (*)
(*)
-62
18
77
1,06
42
32
84
6
-5
83
4
68
-46 33
-5 -41
12
59
27
-2
17
11
-13
-8
-8
95 -33
-4
-3
-25
17
-34 -41
1,29
8
9
14
3 -38
-36
-96
-31
40
300
38
91
13
3
57
14
4
56
'20
'-10
'-15
-52 -1,33
60
37
6
328
35 -348
12 -55 -19
-10
-3
-3
-27
-6
-7
19
-4
-87 180 -50
-308 -103 -11
1
3
6
6
j
258
W (*)
(*)
—
»/;
«
2
(*)
-
307 129
(*)
37 -33
C)
26
38
...
8
•2K
-
24
15
C)
-32 -26
1]
202
19
(*)
(*
}-
51 62
18
16
8 430
8 430
c -10
9
11
1
20
f-18
1 178
18
8
21
145
550
262
-21
8
-1
8
00
66
-60
5,490 1,576 1,407
4,190 1,096 1,124
17 -13
-293 -280
20
(*)
25
67
274
111
4 -1,516 -236 -616
3 -1,517 -233 -619
-250 -15 -208
-700 -44 -383
22
17
87
25 -4
17
9
6
154
2
r_2
r
-1
(*)
9(
339
116
99
-9
(*)
25
-10
169
(*)
-19 -2
(*)
2
-18 49 -41
-492 -238
19
-2
(*)
3
—2
s
11
-5
49
157 -2
634
405
37
85
53
14
258
2
,,
28 -52
-27
22
2
7
-36
-36
18
154
-450 -176
48
19
2
5
-36 -7 -10 -30 -5 -6
-36 -7 -10 -30 -5 -6
233
-17
-39
17
41
79
6
34
215
65
1,183
1,183
62
-48
r-29
.
%
38
137
10
10
271
271
44
179
126
-556
w
tt
18
17 -37
5
63 143
—421 -87 -70
(*)
171
187
(X)
(x-)
75
4
-12 -26
-152 -27
1;
152
-19
20
'-2
25
725 1, 105
118
-27
-30
14
-29
64
175
43
22
3 3
1 (*)
-48 -56 -27 -6
-532 -80 -85
-84 -16 -31
-210 -41 -38
-262
-21
86
-58
1,857
A
173
77
679
594
-211 -1,014 -185 -210
-104
-482 -105 -125
-154 -144
r
p—Preliminary.
—Revised.
*—Less than $500,000. e—Estimated.
1. Transactions with shipping companies operating under the flag of Honduras, Liberia, and
Panama are included in "unallocated."
-40
328
133
-5,095 -1,845 -1,096 -606 -1,548 -2, 460 -423 -830 -1,154 42 -328
-3,526 -1,515 -515 -384 -1, 112 -2,237 -400 -738 -1,217 -101 -345
-118 -392
-3, 266 -1, 115 -960 -400 -791 -1,342 -303 -369
—24
—68 —16
-35
-1, 206 -302 -329 -304 -271
74
7
18
35
15
35
55
51 42
222
21
119
53
34
151 13
162
64
267
-564 -1,569
-530 -2, 465
148
-942 -191
-382 -103
-147
1,118
225
23(
-37
115
442
2,550
2,230
-973 -4,423 -1,028 -1,448 -913 -1,034
-681 -2, 799 -657 -786 -642 -714
-133
-1,679
U.S. Government assets, net __
Long-term assets
-2, 349
Repayments on U.S. Government loans:
Scheduled
575
122
Foreign currencies and other short-term
claims
_ _
-27
281 265
117 118
2,830 ,180
2,168 909
8,488
11
1
138
448
162
(*)
181
-560
6,673 ,584 1,837
P532 P80
259
66
168
Private remittances
Government:
IV
8,547 10,369 9,426 10,718 12,263 2,793 3,422 12,783 3,015 ,520
5,932
273
122
3,009
2,717
III
13
204
13:
-12
118
(*)
O
-
-
-9
-a -13
11
(•)
-70
00
67
2. Liabilities to international and regional development banks are here combined with
liability to other foreign accounts. For components of line 55 see table 6, lines IIA 1 and 2;
for components of line 56, see table 6, lines IIA 3, 4, and 5.
SURVEY OF CURRENT BUSINESS
March 1966
23
Annual, Third and Fourth Quarters, 1964 and 1965
of dollars]
Canada— Con.
Latin American Republics and
Other Western Hemisphere
1965
1965
1964
Other countries in Asia and Africa
Australia, New Zealand and
South Africa
Japan
1965
1964
1965
1964
7,61 1,81 2,18
6,79 1,70 1,83 6,96 1,71 1,94 2,52
58
67 2,68
65
72 1,540
428 1,749
399
497
1965
1964
Yea III' IV P Year III' IV Year III' IV P Yea III' IV P Year III' IV P Year III' IV P Year III' IV P Year
411
International Institutions and
unallocated
III' IV P
7,263 1,719 1,929
1964
1
1965
III' IV P Year III' IV P Year III' IV P
Year
7,786 1,795
1,980
331
81
93
387
91
124
P706 P115 P169 p 1, 033 P184 P22
7,61 1,81 2,18
6,73 1,69 1,82 6,91 1,70 1,93 2,52
58
67 2,68
658
72 1,540
399
428 1,749
497
411
6,557 1,604 1,760
6,753 1,611 1,759
5,47 1,29 1,55
4,23 1,04 1,18 4,24 1,04 1,20 1,97
44
53 2,05
500
57 1,156
308
330 1,261 366
269
4216 1,028 1,152
4, 198 1,008 1,102
14
2
37
1!
18
I
14
49
4
15
4
9
34
40
9
11
8
9
33 - 8
44
13
9
11
13
2
188
50
5
14
3
4
16
4
5
1
96
25
26
18
6
18
4
1
4
Ij
18
6
3
4
1
5
1
16
9
287
122
1,016
211
122
250
51
36
25
5
27
270
69
37
3
184
33
3
6
13
709
445
136
99
6,148 1,735 1,626
4,830 1,230 1,333
153 42
595 325
61
17
•180
241
71
1,470
1,470
25 1,05
6 25
36 123
1
4,
10
5,568 1,334 1,462 5,847 1,424 1,550 2,370 649
4,149 960 1,099 4, 352 1,040 1,165 1,769 498
41
95
238
719
60
195
14
15
t
5
43 •45
95
92
174
28
25
40
26
58
23 105
45 "160
14
14
28 28
16 . •
39 •41 310 7
2;
26
31
34
288
281
39f
382
61
180
249
791.
60
210
66
199
137
54
58
18
76
76
73
19
562
562
92
9
1,231
1, 168
-40 -10
-40 -10
-8
-8
-420 -90 -107 -571 -149 -151
-358 -79 -91 -512 -142 -137 -32
-11
-1
37
13
"-29
—7
1
-9
411
404
129
-4
-1
-14
p-62 -11 -16 -59
-244 -51 -63 -365 -105 -99
c
-24 — 7
-28 -8 -6
858
694
40
22
153
67
8
5 14
74 "317
7*
43
36
138
38
23
8
35
12
40
31
8
1,271
87
179
314 315
21 . 24
39
53
4,030 1,062 1,102
2,794 736
740
13
5
149
112
40
34
38
26
145
117
i
29
21
L
"92
15
102
m
t
180
• 705
13
4
79( 1,021
675 852
64
21
3,756
2,723
36
29
38
30
50
46
193 "218
1
31
4
70
5
-60 -27 -29
53
1 -1
c
-3
-2
-9
-235
____
-1
-I
-a
-55
-63
-239
16
110
18
258 -302
-3
733
549
-55
6
-3
-614 -208 -61
19
18
65
17
4
26
7
67
14
14
4 -37
13
1
5
417 -29
259
428
50
213
— 7 -26
117
4
29
-56
-26 -17
4
29
185 -26 -337 -169 -123
-2
235 125
127
-1 -1
2
—1
3
69
2
-1
13
(
2
1
-7
-2
(x)
1
113 -58
60
6
1
11
6
92
4
K
-172
-214
49
(x)
-148
92
71
434
67
10
20
36
13
14
365
93
88
378
97
101
15
16
00
111
56
20
82
55
21
17
18
19
c
10
2
1
24
5
C)
4
—1
20
—1
11
8
1
17
2
14
11
t.
8
30
1
3
-1
7
5
28
1
9
2
00
(*)
26
81
8
4
2
8
4
00
(X)
-38
-63
—15
00
(x)
16 -62
—62
3
20
13
120 -210 -125
18
(X)
(•)
00
(X)
{
-9
9
49
•oo
123
30
31
32
33
34
35
40
41
2
00
44 -65 -59 -75
208
37a
37b
38
39
00
(X)
4
27
28
29
36a
36b
4
6
17
42
43
44
45
5
6 46
4
3 20
6
17
1
1 188
1 11 47
48
i (X)
49
(*)
00 00'
-38 "-18 50
50
—t
45
11,
1
45
-5
50 -93 -38 -18
51
52
53
54
34
8 26
115 \-273 -124 -10 -214 -35 -100
387
12
32
9
-2
32
2
49 -615 -161 -193 -682 -176 -177
4 -44
31 -77 -183
-44
15 -15 -188
-60
10 -24 -35
-17£ -ll
L
4
e
4
00
^
1 00
-2
409
48
-68
-30
-56
—4
18
11
38
25
3. Reflects $259 million payment of gold portion of increased U.S. subscription to IMF in the second quarter of 1965.
163
449
-1
1
-1 (*)
8
104
00
1
8 -31 -41
, 42
35
49
(*)
00
40
3
171
t
-45
00
8
244
8
4
4
4
3 -2 -11 _____
-32 -41
8
13
5
4
00
00
x}
35
62 -44
3
(x)
-1
00
50
342 —7
.(*)
2
-1
49
4
00
(x)
50
-1 -1
1
00
2
2 -2
1
3
00
-87
5 .00
5 -2
3 15 30
7 18 -38
-7
5 -14 -7 -3
1
-2 119 34 -28
1 -1
-1
-4
(*)
7
8 -5 -3
8
5
1 14 -1
-1
1 -1 3
1
3 -2
5
3
___
31
17
20
4
-111
-22
9
11 -41
1
-72
-2
25
16 -34
-1
6
-28
-12
59
5
7
3
-175
-24
3
112
184
37
-186 -85 —34
1
1 —J
3
1
2
-1
-2
-2
-2
-6
3
12
1
265
45 -31
-19 -11
4
-7
00
-41
4
9
5
1
147
-4
-2
-45
3 -20 -1, 196 -272 -375 -1,373 -359 -323
3 -11
-64 -32 -32 -1, 325 -311 -245 -1,327 -260 -350
26
204
29
p-706 p-115 p-169 p- 1,033 p-184 p-221
_ _ _ _ _ -1, 416 -327 -332 -1, 287 -274 -320 "-137 ~-20 ~-35 "—78 "-18 "-18
-75 -19 -19
-83 -22 -22
-1
-1 00
4
84
163
146
78
487
51
3
675
118
-63
14
2
407
-56
43
4
158
27
L
11 -144 -43 -50 -324 -61 -63 -1,764 -377 -632 -2,393 -544 -518
7 -158 -47 -53 -313 -64 -43 -568 -105 -257 -1,020 -185 -195
-133 -33 -42 -164 -22
2 -232 -17 -154
-592 -119 -31
_ _ _ _ _ _ _ _ _ _ -116 -13 -49
-134 -16 -42
-17
4
1 15
4
16
2
3
16
6
i
2
12
2 -24
4 -38
3
14
15 (X)
8
231 200 139
588 -24
-6
13
209
11
192
21
24
25
-6
24
4
-7 -10
659
89
— 4 -2.432 -516 -583 -2,642 -535 -626 -141 -20 -39 -80 -18 -20
—4 -Ii726 -401 -414 -1,609 -351 -405 -141 -20 -39 -80 -18 -20
-8 -25
5 58
-3 -25
(«) •(*)
30
20
21
22
23
5 -3
-5 -10
-251 -142 -48 -330 -44 -115
51 20
-473 -150 -94 -628 -110 -186 -18 -8
10
11
12
7a
19
16
6
24
6
78
ll
19
72
17
18
878 -328 -111 -65 -288 -113 -60
657 -328 -111 -65 -288 -113 -60
-3 -13
-3 -13
60
7
40
10
2:
]
195
195
-4
-4
35 -157 -482 -24 -160
-7 -16 -40 -17 -14
7
10
21
5
6
2
8
1 4 1
1
199 229 949 276
199 229 949 276
125
4
-498 -139 -235 —59
-106 -36 -39 36
63
65
14
5
26 -43 -15 -21 -97 -39 -20
1
4
-8
1 -4 -1
85
61
15
42
57
17
_____
23 7b
8
9
205
12
-2
23
315
12
74(
746
90
4
317
51
14
12
48
1.344
40
22
48
16
3,752
3,046
44
1
908
659
6
177
40
35
36
929
669
40
129
43
22
3,511
2.53C
L
42
19
216
174
155
497
124
39
32
12
221
180
00
91
88
800
635
00
387
156
128
95
199
148
L
93
163
200
148
-9 -12
t -12
-2
25
81
107
794
601
32
9
-8
-8
W
14
39
27
6
3
331
94
16
835
848
15
71
18 21
7
25
5
29 -397 -200 -110
29 -397 -200 -110
w
70
157
112
35
382
42
19
-10 -33
-10 -33
w"
104
8
105
3J
8
-4
6
—£
645 3,081
487 2,426
14
5
:
96
4 28 -136 -26 -34 -14
1 4
8 -52
2 -8
-30 _ _ _ . -30
(*)
00
-80
-380
16
9 -148 -44 -90 -19
1
11
7 11 -52
31 -18 40
19
43 -6
4
3
126
(*) C)
00
15
4
13
15
-17
1 -31
8
13
16
18
103
13
392
38
154
130
-9
350 -262
90 -19
13
16
8 -382 -661 -57 -222
52
52 -267 -712 -77 -227 -6
17 -52 -73 -18 -13 -12
-6 -15
_ _ _ _ -52
3
6
7
Q
1 -9
-2
6
00
188
94
-1
-437
-295
-64
-14
2
-7
—7
55
6
68
27
-624 -684
-576 -354
-100 -212
-125 -36
12
10
-8 -24
1
-387
53 1
24
152 -6
152 -6
-90 -21 -23 -119 -29 -3.? -25 -5
-426 -214 -228 -1,48«
-425 -215 -228 -1,238
-793 -162 -263 -290
-710 -195 -181 -208
108
14
17 30
198
8 30
-13
-19
-24
37^
362
122
10
376 ,122
360 ,063
49
209
32
35
20
15
15
00
40
11
12
50
I
10
61
30
103
12
32
17
73
23
22
28
20
47
36
1
2
9
-2
89
21
27
813
270
148
392
69
228
55
56
355 156 -91 249 351 -15 57
266 135 -118 -94 330 -26 57a
343
21
367 -165
57b
11 57c
214
58
24
SUKVEY OF CURRENT BUSINESS
1946 British loan was deferred for the
second consecutive year.
direct investments and to purchase new
foreign securities were still high by
historical standards. The reduction in
Private Capital Flows
total outflows was due primarily to the
liquidation of near-cash assets held
Outflows of private capital from the
United States were reduced from $6.4 abroad by nonbanking firms, to the
billion in 1964 to $3.5 billion in 1965, drastic cutback in bank lending, and to
a decline of more than $2.9 billion. some selloffs of holdings of foreign
This reduction was the largest favor- equity securities.
In the fourth quarter of the year, the
able change in U.S. international transoverall private outflow, seasonally adactions in 1965. Most of the shift is
directly attributable to the voluntary justed, was close to the 1965 quarterly
program to improve the balance of average. The total would have been
payments, but the rising demand for higher if about $150 million of new
funds generated by our rapid domestic Canadian security issues had not been
growth also had a tendency to hold postponed into the early part of 1966
through the cooperation of the Canadown foreign lending.
Even though capital outflows in 1965 dian Government. The fourth quarter
were much lower than in 1964, they outflow also included (in table 1, line
were still not much below the $4.0 25) an increase of about $120 million in
billion annual average of the 1960-63 short-term foreign assets of U.S. firms,
period. Funds placed abroad to finance derived from the sale of securities in
Table 3A..—Changes in Reported Foreign Gold Reserves and Liquid Dollar Holdings
Through Recorded Transactions With the United States and Through Other Transactions, by Areas
1965
1964
Year
III
Year
IV
II
1
IV v
III'
All areas:
1. Total increase * .
2. Through transactions with United States *__
3. Through other transactions 3
3 552
2,709
843
1, 139
1,000
139
1,361
1,342
19
1,278
1,183
95
164
-230
-232
-220
—12
938
942
Western Europe:
1. Total increase
2. Through transactions with United States...
3. Through other transactions. . _
•_
2,449
373
2, 076
695
1,125
-61
1,186
1,156
198
958
-169
151
-320
780
306
389
162
618
74
200
-126
471
-315
786
-4
—5
—1
— 14
—5
4
13
4
9
4
9
-5
—2
—197
6
3
3
5
-8
13
142
-338
-425
-410
-15
397
166
231
-248
-348
100
348
48
-115
163
198
119
79
104
46
58
60
109
-49
-37
-164
127
131
-129
260
Eastern Europe:
1. Total increase . _ _
2. Through transactions with United States
3. Through other transactions
Canada:
1. Total increase _.
2. Through transactions with United States. __
3. Through other transactions _
193
9
207
197
109
98
68
129
173 —1,077
-31
739
Latin American Republics and Other Western Hemisphere:
1. Total increase
2. Through transactions with United States. __
3. Through other transactions
380
-35
231
507
—127
149
-184
207
24
Japan:
1. Total increase
2. Through transactions with United States. __
3. Through other transactions
249
124
576
—327
117
7
Australia, New Zealand, and South Africa:
1. Total increase _
2. Through transactions with United States. ..
3. Through other transactions
-32
-2
-6
-609
577
-150
148
-187
181
Other Asia and Africa:
1. Total increase _
2. Through transactions with United States. ..
3. Through other transactions
International Institutions and Unallocated :
1. Total increase
2. Through transactions with United States.. _
3. Through other transactions
-66
—2
-62
-485
423
188
74
274
—86
269
-81
-199
113
191
267
100
246
-55
357
-90
-61
-582
521
70
30
—61
-113
52
3
132
-129
—94
-176
82
A
638
297
341
443
88
53
477
278
72
404
39
92
-4
172
-119
1,232
-755
306
-28
374
-302
10
291
-281
117
261
-144
—140
385
-525
77
-374
100
-474
-584
318
-902
92
-73
19
—843
8
-851
336
130
206
—96
88
-184
80
-3
r
Revised
» Preliminary.
1. Changes in reported total gold reserves of foreign central banks and governments (including 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.
2. For "All areas" equals balance (with reverse sign) of line 23 (less net sales of gold by domestic sources to (+) or purchased
from (-0 the monetary gold stock of the United States) plus lines 25, 30, 44, 50, and 58, table 3). Domestic sales to (+) or
purchases from (—) the monetary gold stocks were in millions of dollars: 1964, I, -19; II, -22; III, -21; IV, -27; 1965,1,
-21; II, -31; III, -29; IV, -37.
3. Line 1 minus line 2 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.
March 1966
foreign markets by newly organized
domestic affiliates. These funds were
raised to help finance foreign direct
investments by companies cooperating
with the voluntary program, but they
had not yet been used for that purpose
by the end of the year. The net proceeds from the sale of these securities,
amounting to about $20 million in the
third quaiter and $175 million in the
fourth, are included in the accounts as
received (table 1, line 42), along with
other foreign transactions in U.S. securities. In addition, $8 million of notes
were sold to foreign financial institutions (table 1, line 35). All of the $20
million raised in the third quarter was
transferred to foreign subsidiaries, and
is therefore included in the figures for
direct investments (table 1, line 18).
Of the $183 million raised in the fourth
quarter, about $60 million was transferred to foreign subsidiaries and are
included in direct investments.
U.S. firms also obtained funds in
foreign markets to finance their direct
investments through affiliates incorporated abroad. These foreign affiliates
raised approximately $165 million in
1965, though they started earlier in the
year than their domestic counterparts;
the fourth quarter amount was under
$100 million. Some of these proceeds
are probably still available for investment in foreign plants in 1966. Borrowing through affiliates organized
abroad and the actual use of these funds
do not appear explicitly in the balance
of payments account, since these transactions do not involve U.S. residents.
However, the effects of such borrowing
are reflected in the balance of payments
to the extent that the net outflow of
capital from the United States is
reduced.
Direct investments
Capital outflows for direct investment are now estimated at $3.27 billion
in 1965, about $0.9 billion over the
1964 amount. These figures include
financial reorganizations, amounting to
approximately $175 million, that did
not affect U.S. official reserve assets
or foreign holdings of liquid dollar
assets, but had their counterpart in
inflows through other types of capital
transactions. The outflow in the first
March 1 6
96
SUEVEY OF CURRENT BUSINESS
25
quarter was exceptionally high, and the underlying strength of the Canadian leases by petroleum companies.
Capital outflows to Western Europe
included, in addition to large tax pay- economy. This strength is borne out
ments and cash outlays for petroleum by the further rise in plant and equip- rose only 10 percent (as compared with
concessions, funds placed abroad in ment expenditures projected for 1966. 45 percent in 1964) and comprised only
Another large part of the 1965 expan- about 15 percent of the aggregate inanticipation of restrictive policies by the
Government. As the investing firms sion was accounted for by investments crease from 1964 to 1965, despite a very
began to accommodate their operations of the petroleum industry in the Middle heavy outflow early in the year. Plant
to the guidelines issued by the Secre- East and Africa. Much of the rise oc- and equipment expenditures of affiliates
tary of Commerce in March, the out- curred early in 1965 and reflected tax in the European countries rose considflow was gradually reduced.
settlements and payments for new erably in 1965, even though they were
In the fourth quarter, the outflow
Table 4.—Analysis of Major Government Transactions
amounted to $700 million, seasonally
(Millions of dollars)
adjusted, including about $60 million
Calendar year 1965
of foreign funds raised by the newly
Item
Calendar
year
organized domestic affiliates mentioned
1964
I
Total v
III r
II
IV .*
above.
TABLE 4A.—GOVERNMENT GRANTS (EXCLUDING MILITARY) AND CAPITAL OUTFLOWS
The revised figure 5 for foreign plant
and equipment expenditures given in
Outflows under assistance programs:*
the report beginning on page 7 show 1
Under farm products disposal programs
1,761 1,496
345
314
507
330
2
Under Foreign Assistance Act and related programs
2,011
2,187
498
577
541
571
that the 1965 investment programs 3
Under Export-Import Bank Act
'
338
532
112
178
94
148
Subscriptions to IDA and IDE
112
were scaled down by about $300 4
5
Other assistance programs
140
137
44
27
36
30
million from the projections made by 6 Foreign currency claims acquired in the collection of
Principal
87
96
24
22
22
28
7
Interest—_
_
205
170
45
52
49
59
the companies in the spring of 1965. 8 Less: Foreign currencies used for U.S. Government uses other
than grants or loans
327
335
87
82
80
86
Since the companies' normal revisions 9 Advances under Exchange Stabilization Fund agreements, net
-30
-18
-3
-3
-3
-9
in
-2
-12
7
-7
-12
of these estimates, especially for manu- 10 Other, net (including changesand administrative cash holdings).—
<•)
11
Total, Government grants
capital outflows (table 3, lines
28+39+42)
1,028
4,260 4,288
1,251
922
1,087
facturing operations, have been modAdjusted for seasonal variations
erately upward, the downward change
12
Total, Government grants and capital outflows
___ ..
1,078
4,260 4,288
962 r 1, 150
1,098
made under the influence of the volun- 13 Less: Estimated transactions involving no direct dollar outflows
from the United States
_ __
3,558 3, 539
903
903
'780
'953
tary program was probably larger 14
Expenditures on merchandise in the United States. _
2, 812
2,714
712
681
' 744
••577
15
Expenditures on services in the United States
174
166
166
585
694
188
than the $300 million change in the 16
Military sales financed by credits (including short-term,
(*)
52
net) i (line C-4, below)
25
37
—7
114
estimate. Although plant and equip- 17
Government credits to repay prior Government loans 2
34
21
23
103
119
25
Increase in claims on U.S. Government associated with
ment outlays abroad for 1966 are 18
Government grants and capital (including changes in re-33
-19
49
tained accounts) (line B-3, below)
-86 ' -10 r -24
anticipated to be considerably higher 19 Equals: Estimated dollar payments to foreign countries and
international institutions through Government grants and
than last year, the problem of financing
3
197
175
capital operations
195
702
749
182
them will be eased by the availability
TABLE 4B.—CHANGES IN NONLIQUID CLAIMS ON U.S. GOVERNMENT
of the unused portion of the $400
million of new foreign financing obtained 1
Increase (decrease — ) in nonliquid claims on U.S. Govern100
-50
ment
60
442
223
113
in 1965, and by the foreign funds 2 Associated (table 3, line 50) contracts (advance collections less
with military
r
152
-12
69
deliveries) l (line C-6, below)
342
133
209
already obtained or expected to be
3 Associated with Government grants and capital outflows (line
-33
-19
—24
A-18, above)
49
—86
—10
raised abroad this year in addition 4 Noninterest-bearing securities issued to IDA
—21
—20
—18
15
—80
—21
5
Noninterest-bearihg securities issued to IDB
25
to the usual borrowing by the foreign 6 Noninterest-bearing securities issued to UN for special programs.
5
-18
30
-15
-2
(•)
subsidiaries to meet their working 7 Foreign funds retained in Government accounts to be used for
1
3
6
purchases in the United States
-15
10
(z)
-1
—1
2
—14
8
Other
—6
12
capital requirements.
-27
r
Area distribution of direct investment outflows
The geographic pattern of direct
investment capital flows changed considerably in 1965. Whereas a major
part of the 1964 rise was in European
investment, more than half of the 1965
increase was in Canada. About $175
million of the increase for Canada
was used in refinancing existing companies that had borrowed in the
United States, but the greater part
of the rise was used to finance productive facilities and was based on
9 Associated with other specific transactions
_
10
Other Government sales and miscellaneous Government operations
_ __
_
11
Purchase of Columbia River downstream power benefits
12 Other nonconvertible, nonmarketable, medium-term securities
13
Export-Import Bank Portfolio Fund Certificates of Participation
14
Treasury securities payable in foreign currencies
207
3
204
-23
—3
-20
1
6
1
5
-30
-8 — ----—8
(«)
-2
<*>
3
-30
-6
—2
'(*)
(*)
-6
(*)
—25
6
-5
TABLE 4C.—MILITARY EXPORTS AND RELATED TRANSACTIONS l
1
Total, military cash receipts 4
_
2 Exports of military goods and services (excluding military grants)
(table 3, line 9)
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
6 Increase in claims on U.S. Government associated with military
contracts (line B-2, above)
^980
1,095
243
342
185
32
762
-9
815
62
229
20
199
2
21
4
—7
2
114
52
174
(*)
(*)
25
5
37
35
5
1
209
342
69
133
-12
15
r
1
r
Less than $500,000.
»Preliminary.
Revised.
1. The distributions of cash receipts for the 10 quarters in fiscal years 1964-1966 into the several categories of military transactions in this and the other tables are estimates based upon incomplete reports.
2. Includes estimated net accumulations of foreign currency from principal repayments recorded in line A-6.
3. As reported by the operating agencies.
4. This item appears in table 2 (line B-2).
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
26
cut back from the amounts scheduled
before the voluntary program became
effective. The current projection for
1966 shows another large rise in plant
and equipment outlays from 1965, and
points to the need for larger amounts of
external financing in foreign markets
to hold down capital outflows from the
United States.
The outflow to Japan was greatly
reduced last year, reflecting possibly
some slowing of economic activity as
well as some resistance in Japan to
larger inflows from abroad. Direct investment flows to less developed countries, other than major petroleum-producing areas, were apparently somewhat lower than in 1964.
Other private outflows
New issues of foreign securities were
sold in the United States at a fairly
steady rate throughout 1965, and the
total of $1.2 billion for the year was
very close to the record high of 1963,
when the Interest Equalization Tax
(IET) was proposed. All but about
$100 million of the foreign issues sold in
1965 were exempt from the IET. The
taxable issues were offered mainly by
U.K. firms with worldwide investments.
Canada was by far the largest
borrower, taking about $700 million,
not including about $200 million raised
in the United States by Canadian
affiliates of U.S. firms and included
in the figure for direct-investment
Table 5.—Movements of U.S. Short-Term Capital Reported by Banks and Nonfinancial
Concerns
(Millions of dollars)
Amount
outstanding
end of
Dec. 1965
Changes l (decreases (— ))
1965
Calendar year
Total reported by U.S. banks 2 (table 3, line 37a)
Seasonally adjusted (table 1, line 24)
Maior 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
1965
I'
II «•
III'
10,182
2,111
-728
-260
-367
-417
-260
-53
159
7,732
1,523
-311
-23
-176
-188
-260
-10
148
-68
1, 416
212
536
668
Total short-term capital outflow (table 3, lines 37a plus 37b) _
Seasonally adjusted (table 1, lines 24 plus 25)
1964
278
82
109
87
-517
-100
-6
-411
-65
-110
68
-23
-211
23
-60
-174
-84
59
-14
-129
-157
-72
(•)
-85
1,079
499
119
142
319
242
95
18
36
93
-356
-14
13
-14
-341
-26
88
-14
-16
-84
-199
-112
13
2
-102
-58
11
6
-1
-74
-73
—1
8
1
-81
-299
-46
IV*
41
337
36
-161
-39
-12
-26
-84
6,316
2, 754
2,209
1,353
1,245
482
469
294
206
-60
73
193
42
52
-36
26
35
18
-20
37
-176
-125
-29
-22
305
-5
158
152
By type:
Commercial and financial claims payable in dollars __
Foreign currency deposits and claims
6,162
154
1,224
21
196
10
28
14
56
-21
-168
-8
280
25
Total reported by non financial concerns (table 3, line 37b)_.
2,450
588
-237
-191
(•)
-254
-229
-43
(•)
Foreign currency deposits and claims
Other countries, total
Japan
Latin American Republics
Other..
-417
Seasonally adjusted (table 1, line 25}
Claims of commercial enterprises 3
11
109
2,331
605
-445
-237
-204
1,324
321
353
650
393
51
35
307
-429
-9
-13
-407
-209
35
-25
-219
-188
-71
16
-133
-7
-5
-6
4
-25
32
2
-59
Claims payable in dollars
Foreign currency deposits and claims
n.a.
n.a.
376
17
n.a.
n.a.
-167
-42
-169
-19
-6
-1
n.a.
n.a.
Other countries, total
Claims payable, in dollars
Foreign currency deposits and claims
1,007
n.a.
n.a.
212
165
47
-16
n.a.
n.a.
-28
-20
-8
-16
-14
-2
7
-5
12
21
n.a.
n.a.
119
-17
28
Major financial centers, total
United Kingdom
EEC and Switzerland
Canada
Claims of brokerage concerns
r
__
13
-4
15
Revised. » Preliminary, n.a. Not available. (*) Less than $500,000.
1. Changes adjusted for variation in coverage and therefore do not necessarily correspond to changes computed from
reported amounts outstanding.
2. Excludes Exchange Stabilization Fund holdings.
3. Fourth quarter 1965 estimated on the basis of partial preliminary reports; amount outstanding at the end of December
1965 estimated on the basis of figures for the end of September 1965 plus the preliminary data on movements during the fourth
quarter of 1965.
March 1966
flows. The $700 million nearly matched
the 1964 amount. About $150 million
of additional new Canadian issues was
postponed to 1966. Japan, which has
a limited exemption from the IET,
sold about $50 million of new issues
here in 1965. The other major borrower was the International Bank for
Reconstruction and Development,which
obtained about $180 million from U.S.
investors, mainly in the early months
of the year.
Other types of private capital flows
resulted in a net return flow of about
$950 million to the United States
during 1965. These inflows included
the rising amounts of redemptions and
amortizations of the new foreign bonds
sold in the United States in earlier
years. There was also a continuation
of net sales by U.S. investors of
Canadian and European equity securities that began in 1963. In 1965,
these net sales rose to about $300
million, but seemed to be tapering off
in the last quarter. Net sales of
foreign equities were only partly offset
by net purchases of foreign bonds
other than those newly offered in the
U.S. market.
Much notice has already been given
to the fact that foreign assets reported
by U.S. banks declined by nearly
$100 million in 1965, as compared
with a rise of over $2.5 billion in 1964.
The drawing down of foreign assets
continued in the fourth quarter, when
it amounted to about $225 million,
seasonally adjusted.
The amounts mentioned above include assets held by the banks for customers' accounts, as well as funds of
the banks themselves. The basic statistics do not make a clear distinction
between these two types of reported
holdings. However, on the basis of
reports to the Federal Reserve System
under the guidelines of the voluntary
program, it appears that in 1965 banks
increased their foreign assets by a net
amount of about $150 million, mainly
through medium-term loans made early
in the year. This would indicate that
funds held abroad for customers were
reduced by some $250 million during
the year.
Short-term foreign assets directly reported by nonbanking firms declined
March 1 6
96
by over $0.4 billion in 1965, in contrast
to an outflow of nearly $0.6 billion in
1964. Most of the inflow was accomplished by midyear, primarily in response to a request under the voluntary
program to withdraw surplus cash investments abroad. Most of the return
flow was from liquidations of investments in Canadian finance company
paper, or from Canadian banks that
had in large part reinvested the funds
in the United States or in third countries. There was an increase in foreign
assets held by nonbanking firms in the
fourth quarter. The rise in short-term
assets resulted primarily from the temporary investment of funds borrowed
abroad; the rise in longer-term assets
consisted of claims acquired in settlements connected with the termination
of certain direct investments in Latin
America.
Income on investments
For 1965 as a whole, the income
received from direct foreign investments rose by over 10 percent to $4.1
billion. However, this gain was concentrated in the first half of the year
and partly reflected some extraordinary dividend distributions. In the
final quarter of the year, the amoun£
received was only slightly larger than
in the same period of 1964, despite
the larger volume of investments. The
year-to-year gain was broadly based
geographically, with income from direct
investments in Europe showing an
outstanding increase.
Whether the slowing down of income
receipts toward the end of the year,
particularly receipts from Europe, reflects any decline in underlying earnings of the affiliates will not be known
for some time. It may be that the
large returns earlier in the year caused
yearend dividends to be lower, or that
the foreign affiliates retained larger
amounts to finance their investment
requirements.
Interest and dividends from other
private investments continued to rise
moderately through 1965, reflecting
primarily higher yields rather than
investment growth. There was a similar rise in interest paid to foreigners
on their holdings of assets in the United
SUKVEY OF CUEEENT BUSINESS
27
Table 6.—Changes in U.S. Reserve Assets and in Foreign Holdings of Liquid Assets
in the U.S.
(Millions of dollars)
Changes during period
Amount
outstanding Calendar year
1965
end of
Dec. 1965
1964
1965
I'
III'
II r
Increase in assets (— )
Increase in liabilities (+)
I. U.S. Reserve assets, total (table 3, line 57)
1 Gold
2. Convertible currencies
3. IMF gold tranche position
_.
15,450
1 13, 806
781
1863
II. Foreign holdings 2of liquid assets in the U.S., total (table
3, lines 55 plus 56)
_
_
1,222
171
125 i 1, 665
-220
-349
266 i -94
29,083
2,627
15, 343
13, 037
1,105
1,201
842
68
832
1590
-58
-56
68 i -466
IV P
41
124
-413
330
271
119
178
-26
79
-657
-257
930
63
1,073
-84
-860
-107
245
638
757
-59
375
-187
-20
123
-927
16
51
125
-2
122
707
-19
-50
8
26
A. By foreign holders;
FOREIGN OFFICIAL AGENCIES (table 3 line 55)
1. Foreign central banks and governments, total
a. Deposits and short-term securities reported by U.S.
banks
.
__
b. U.S. Government marketable bonds and notes
c. U.S. Government nonmarketable convertible bonds _
2 International Monetary Fund
2
834
-92
-15
34
OTHER FOREIGN ACCOUNTS (table 3 line 56)
3. Foreign commercial banks 3_
_.
4. Other international and regional institutions
5. Other foreigners and undetermined
._
7,317
1,459
4,130
1,440
-245
359
104
-262
287
190
-65
78
-243
-26
119
646
-57
88
-489
-114
2
13, 651
1, 730
171
-11
-182
563
-199
8,306
2,329
109
-338
-493
-76
-742
-90
-331
78
29
34
551
-98
123
34
51
122
8
-50
26
B. By type of liability:
1. Deposits in U.S. banks.
_
2. U.S. Government obligations:
a. Bills and certificates payable in dollars
b. Marketable bonds and notes
_
c. Nonmarketable certificates payable in
currencies
d . Nonmarketable convertible bonds _ _
e. Other
. .
_.
foreign
1,201
34
3. Bankers acceptances, commercial paper, time deposit
certificates, and other liabilities
4. Other banking liabilities payable in foreign currencies _
-30
375
3, 503
767
350
161
140
158
59
14
-30
-26
38
16
-109
-58
r
Revised. » Preliminary.
1. Reflects $259 million payment of gold portion of increased U.S. subscription to IMF.
2. Includes liabilities of U.S. monetary authorities for gold deposited by and held for IMF. Excludes dollar holdings of
the IMF except for those acquired by the IMF through gold sales to the U.S. with the option to reverse the transactions.
These transactions amounted to $200 million in 1956, $300 million in 1959, and $300 million in 1960.
3. Includes banking liabilities to foreign official institutions held through foreign branches of U.S. banks and foreign commercial banks.
Table 7.—U.S. Merchandise Trade
(Seasonally adjusted, millions of dollars)
Annual total
1965
1964
1964
1965
III
IV
I
II
Exports:
Total* as shown in table 1 1 _ ._
Agricultural
Nonagricultural.
__
Estimated adjustment for strike in shipping industry 2
25,288
6,345
18,943
26,285
6,238
20, 047
6,382
1,583
4,799
6,690
1,673
5,017
5,627
1,238
4,389
6,800
1,608
5,192
6,829
1,701
5,128
220
-60
-160
-420
-30
Imports:
Total, as shown in table I1
Industrial supplies
____ _ _ _
Steel
Consumer goods
.
Capital equipment
_
Food and beverages.
_
.
Other imports, excluding uranium
Adjustments to balance of payments basis
Estimated adjustment for strike in shipping industry 2
„
18,619
9,127
822
3,368
1,088
3,754
1,151
131
21,492
10, 574
1,260
4,104
1,534
3,823
1,281
176
4,709
2,334
202
861
292
912
277
33
4,901
2,379
230
890
294
998
297
43
4,663
2,364
252
893
309
780
291
26
5,480
2,735
352
1,037
373
972
318
45
5,594
2,729
353
1,047
410
1,039
323
46
-60
60
-60
260
-180
-20
-220
670
III
IV
7,029
1,691
5,338
5,755
2,746
303
1,127
442
1,032
349
59
1. Adjusted to a balance of payments basis including in 1965 special timing and coverage changes from the recorded merchandise trade data of the Bureau of the Census. Import commodity data are not adjusted to a balance of payments basis, but include the special timing and coverage changes.
2. Estimated distortions in trade preceding, during, and after the shipping strikes. The longshoremen's strike began January 16 and continued until early March; the maritime strike began June 16 and continued until the end of August.
28
States, along with a small increase in
payments on foreign direct investments
here.
Foreign investments in the United
States
SURVEY OF CURRENT BUSINESS
claims on U.S. commercial concerns
and securities dealers. The increase in
balances with securities dealers presumably represents some of the proceeds of sales of U.S. securities.
The principal feature of foreign
investments in the United States in
CHART 12
1965 (other than in liquid assets) was
the net sale of $425 million of U.S. U.S. Transactions With Major Areas'
U.S. RECEIPTS
U.S. PAYMENTS
corporate securities (including nonguaranteed securities of Government Billion $
agencies and securities of local govern- 20
WESTERN EUROPE
Gov't Grants
ments). Since this net figure includes
\;& Capital
16
nearly $200 million of net purchases by
eOther*
foreigners of the securities offered by
U.S. subsidiaries organized to finance 12
foreign affiliates of U.S. parent companies, the net liquidation of previously
outstanding securities was about $625
million.
Most of the activity was in U.S.
corporate stocks. Net sales by foreigners of these securities in 1965 amounted
to nearly $500 million, of which about
$400 million was recorded for the U.K.
CANADA
account and $145 million for continental
European accounts. Other countries
recorded a small net purchase balance.
It should be noted that these figures
are based on reports provided by U.S.
banks or security dealers; trading
among foreigners outside the United
States does not enter these statistics.
Trading in U.S. bonds (mainly corporate bonds but including an unknown
amount of state and municipal issues
and nonguaranteed issues of U.S7
Government agencies) resulted in a
net liquidation of about $125 million,
if the $200 million of issues sold to
finance foreign operations is excluded.
Most of this represented U.K. sales in
midyear; there was a small net purchase
balance for other countries.
Net sales of U.S. securities continued
8 —!
into the fourth quarter. Other changes
in foreign holdings in the United States
4 —
included a modest net inflow for direct
investments, a buildup of about $185
million in time deposits representing
1963
64
1963
64
65
largely the proceeds of borrowing in
Excludes changes in monetary reserves and liquid liabilities, and unrecorded
the United States early in the year by
transactions
the International Bank, and an increase
* Repayments on Gov't loans and investments in nonliquid U.S. Gov't obligations.
of about $120 million in short-term U. S. Department of Commerce, Office of Business Economics
66-3-12
1
March 1966
Changes in Area Balances
Most of last year's improvement in
the U.S. balance on a liquidity basis
was through transactions with Canada
(chart 12). U.S. payments to Canada
showed a sharp decrease, due mainly
to a shift from outflows of short-term
funds held in Canadian banks by both
U.S. banks and other firms in 1964 to
substantial repatriations in 1965. To a
large extent, these funds had been reinvested by Canadian banks outside of
Canada, and the withdrawal has had
relatively little effect on the Canadian
economy. A $300 million rise in the
surplus on goods and services was
largely compensated for by an increase
in long-term capital outflows, particularly direct investments.
The balance with Western Europe
and with other developed countries
improved moderately. Reduced net
private capital flows to Western Europe
plus larger U.S. receipts from loan
repayments and other Government
transactions more than offset the adverse effect of the decline in net U.S.
exports of goods and services resulting
from the more rapid expansion in imports than in exports. The balance
with Japan was improved mainly by
the drop in U.S. net private capital
outflows. That decline more than offset the adverse shift from a net export
surplus on goods and services in 1964
to a net import surplus in 1965 attributable to the large expansion in
imports from Japan.
Transactions with Latin America
had a favorable effect on the U.S.
balance, but transactions with the less
developed countries of Asia and Africa
resulted in higher net payments. Exports of goods to those countries declined in 1965 but imports rose, and U.S.
private and Government capital outflows also advanced. Net payments
to these countries in 1965 were nearly
$1# billion, and they appear to have
become a major channel through which
U.S. funds move to Western Europe.
U. S. GOVERNMENT PRINTING OFFICE : 1966 O - 207-708
CURRENT BUSINESS STATISTICS
J.HE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That'vplume (price $2.00) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1961 through 1964 (1954-64 for major quarterly series), annually, 1939-64; for selected series,
monthly or quarterly, 1947-64 (where available). Series added or significantly revised after the 1965 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1964 issued too late for inclusion in the 1965 volume appear in the monthly
SURVEY beginning with the September 1965 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through
the courtesy of the compilers, and are subject to their copyrights.
1963
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964^
1965
1962
IV
Annual total
1963
I
|
II
1964
III
IV
I
II
1965
| III
IV
I
II
1
III
IV
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
Gross national product, total
_
bil. $_
589.2
628. 7
676 3
572 0
577.0
583 1
593.1
603.6
614.0
624.2
634.8
641.1
681 5
697.2
424. 5
432.5
441.0
63.5
29 3
25 4
65.4
30 3
26 0
66.4
30.1
27.3
182 8
34 3
94 8
14 2
187 9
35 0
97 3
14 7
190 5
35.2
99 3
14 8
195.0
35.9
102 2
'15 0
167 1
24 8
61.4
11 9
169 5
24 9
62 7
11 9
173 1
25 5
64.0
12 1
176 7
26 3
65.3
12 3
179 6
26 6
66.7
12 5
657 6
do
373.8
398.9
428.7
363.0
368.0
371.1
376.6
379.5
389.1
396.0
404.6
405.9
416.9
Durable goods, total 9-—
do
Automobiles and parts
do
Furniture and household equipment. _ _ do
53.4
24 3
21.9
58.7
25 8
24 7
65 0
30 0
26 0
51.1
23 0
21 0
52.2
23 6
21 4
52 6
23 9
21 4
54.1
24 6
22 1
54.9
24 9
22 7
57.4
25 5
23.9
59.1
25 7
25 1
60.5
27 1
25 0
57.9
24 8
24 8
64.6
30 3
25 5
do
- do.
do
_ _ _ do
168.0
30.5
88 2
13.5
177 5
33.3
92 3
14.0
189 0
35 1
98 4
14 7
165 3
30 2
86 7
13 4
166 6
30 3
87 5
13 3
167 4
30 2
88 1
13 4
169 2
31 1
88 5
13 5
168 9
30 6
88 7
13 7
173 7
32.3
90 6
14 0
175 7
33 2
91 3
13 9
179 8
33 8
93 3
14 0
180 9
34.0
94 1
14 2
do
_ _ _ .do
do
do
152 3
23.1
55.5
11 4
162.6
24 4
59.5
11 7
174 7
25 8
64 7
12 2
146 7
22 4
53.6
11 2
149 2
22 8
54.5
11 3
151 1
22 8
55.3
11 4
153 3
23 5
55 7
11 4
155 7
23 3
56.5
11 5
158 0
23 6
57.5
11 7
161 2
24 4
58 8
11 7
164 3
24 8
60 1
11 8
Personal consumption expenditures, total
Nondurable goods, total 9
Clothing and shoes
Food and beverages
Gasoline and oil
Services total 9
Household operation
Housing
..
Transportation
_
668 8
do
86.9
92.9
105.7
84.7
82.6
84. 8
87.9
92.4
89.7
90.9
92.6
97 7
103.4
102.8
106.2
110.3
do
do
do
do
do__
do
do
.do.
81.2
54.3
19 7
34 6
26.9
26 3
5.7
4.9
88 1
60.5
21 1
39.4
27.5
27 0
48
5.4
97 4
69.8
24 3
45 5
27.6
27 1
82
7.9
78 3
52.7
19 5
33 2
25.6
25 0
64
53
78 1
52.1
19 0
33.1
26.0
25 4
45
3.8
80 1
53.4
19 2
34 2
26.7
26 1
4 7
4 2
82 1
55.1
20 0
35 1
26.9
26 4
58
5.2
84 3
56.5
20 5
36 0
27.9
27 3
81
6.9
86 5
58. 1
20 7
37 5
28.4
27 8
33
3.6
86 8
58.9
21 1
37 9
27.9
27 3
41
51
88 8
61.6
21 1
40 5
27 2
26 6
38
4 6
90 2
63.5
21 5
42 0
26.7
26 2
75
7.8
94 6
66.9
23 2
43 7
27.7
27 1
8.8
9.2
96 4
68.4
24 5
43.9
28.0
27 5
6.4
6.6
98 6
70.9
24 2
46.7
27.7
27 1
7.6
7.0
100.2
73.0
25 4
47.6
27.2
26 7
10.1
8.9
do
do
do
59
32.4
26 4
86
37.0
28 5
71
39.0
31.9
4 9
30.5
25 5
45
30.0
25 6
62
32.4
26 2
57
32.6
26 9
73
34.4
27 1
88
36.3
27 5
77
36 0
28 2
88
37.3
28 5
89
38.4
29 5
6.0
34.7
28 6
8.0
40.4
32.4
7.4
40.1
32.7
6.9
40.8
33.9
Govt. purchases of goods and services, total.. do
Federal
_ _ _ _ ^ _ _ do
National defense
do
State a n d local
- d o
122.6
64.4
50 8
58 3
128.4
65 3
49 9
63 1
134.8
66.6
49 9
68.2
119.3
64.4
50 9
55 0
121.9
65.4
51 5
56 5
120.9
63.6
50 5
57 4
123.0
64.2
51 0
58 8
124.3
64 4
50 3
59 9
126.3
65 0
49 8
61 3
129.7
67 0
51 7
62 7
128.7
64 9
49 5
63 8
128.6
64.3
48 8
64 3
131.3
64.9
48 8
66.4
133.5
65.7
49 2
67.8
135.4
66.5
49 8
68.9
139.0
69.2
52 0
69.8
By major type of product:
Final sales, total
.
__
Goods, total
_ _ _ _ _
Durable goods
Nondurable goods
Services
Structures
583.5
291.1
113 1
178.1
226.9
65.5
623 9
311.3
122 8
188.4
244 0
68.6
668.1
333.4
133.5
199.9
261.0
73.7
565 6
283.8
108 1
175.6
218.5
63.4
572.5
287.2
109 8
177.4
222.1
63.2
578 4
289 2
112 0
177.2
225 1
64.1
587 3
292 9
114 3
178.6
228 2
66.2
595 5
295 3
116 2
179. 1
232 1
68.0
610 7
304 9
120 1
184.9
237 3
68.5
620 1
308 3
121 6
186 8
242 8
69.0
631 0
316 0
125 4
190.6
246 4
68.6
633 6
315 8
124 3
191.5
249.7
68.1
648.8
322.8
130.1
192.8
253.8
72.1
662.4
329.1
130.3
198.7
259.0
74.2
673.9
337.1
135.4
201. 7
263.0
73. 9
687.1
344.6
138.0
206.5
268. 0
74.5
5.7
2.8
29
4.8
33
15
8.2
6.1
2.1
6.4
1. 7
4.7
4.5
2.0
2.5
4.7
3.4
14
5.8
2.3
35
8.1
3.8
4 3
3.3
2 2
1i
4.1
3.5
6
3.8
2.7
1i
7.5
4.4
31
8.8
7.1
1.6
6.4
6.2
.2
7.6
6.5
1.0
10.1
4.4
5.7
Gross private domestic investment, total
Fixed investment
NonresidentiaL
Structures
Producers' durable equipment
Residential structures. _ _ _ _
Nonfarm
Change in business inventories
Nonfarm
. _ _ _ .__ - _
Net exports of goods and services
Exports
_ _
Imports
Inventory change, total
Durable goods
_
Nondurable goods
__
do
do
do
do
do
do.
do
_ _ _ d o
do
_ _ _
GNP in constant (1958) dollars
Gross national product, total
550.0
577.6
609.6
538.5
541.2
544.9
553.7
560 0
567 1
575.9
582.6
584.7
597.7
603.5
613.0
624.4
do
352.4
372.1
394.2
344.8
348. 3
350.0
355.1
356.4
364.5
369.8
377.3
376.8
386.1
390.5
396.9
403.3
do
. d o
do
53.2
161.8
137.3
58 5
169 4
144.2
65.6
177.1
151.5
50.8
160.2
133.8
52.0
161.0
135.3
52.3
161.2
136.5
54 1
163.0
138.0
54.7
162. 1
139. 6
57 0
166. 4
141. 1
58 7
167.8
143.3
60 2
171.6
145.5
57.9
171. 8
147.1
64.5
173. 2
148.4
63.4
176.4
150.7
66.4
177. 8
152.7
67.9
181.0
154.4
_
_ . bil. $
Personal consumption expenditures, total
Durable goods
Nondurable goods
Services...
...
_
Gross private domestic investment, total.
Fixed investment
Nonresidential
_
Residential structures...
Change in business inventories
do
do
do
....do.
do. _
82.3
86.3
96.8
80.7
78.7
80.5
83.0
86.9
83.8
85.2
86.0
90.2
95.4
94.2
96.9
100.5
76 6
51.9
24.7
5.7
81 7
57. 1
24.6
4.6
88.8
65.0
23.9
7.9
74.5
50.7
23.8
6.2
74.2
50.0
24.2
4.4
75.8
51.2
24.6
4.6
77 2
52.6
24.6
5.8
79.0
53.7
25.3
7.9
80.7
55. 1
25.7
3.0
80 7
55.7
25.0
4.5
82 2
58. 1
24.1
3.8
83.1
59.6
23.6
7.1
86.8
62.5
24.3
8.6
88.1
63.7
24.4
6.2
89.7
66.0
23.7
7.2
90.7
67.6
23.1
9.8
5.5
7.1
9.0
8.1
8.7
8.3
5.1
6.6
6.2
6.2
110.0
109.6
112. 8
109.9
59 7
58 7
59 9
58 2
50.3
51.7
50.8
52.9
9 includes data not shown separately.
110.5
57 1
53.4
109.4
56. 1
111. 2
56.4
54.8
112.1
56.8
55.3
113.0
57.0
56.0
114.3
58.2
56.2
..do
5.6
8.5
6.0
4.4
4.0
5.8
Govt. purchases of goods and services, totaL.do
Federal
do
State and local
___.do
109.8
59 7
50.0
110.7
57 8
52.8
112.7
57 1
55.6
108.5
60 6
48.0
110.3
61 3
49.1
108. 7
59 2
49.5
Net exports of goods and services . . _ _
.
r
Revised,
» Preliminary.
CO
0
OO. O
s-1
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1963
1964
1965
Annual total
1963
II
III
March 1966
1964
IV
I
II
1965
III
IV
I
1966
II
III
IV
11.8
55.9
34.3
54.6
40.1
14.5
18.6
557 9
393.7
359.0
290.0
12.3
56 7
. 34.7
55.4
40.4
15.0
- 18.6
P 570 8
P 403. 6
P 368. 1
p 296. 1
p 13 7
P 58 3
p 35.5
P 56 2
P 40.7
P 15. 5
P 18 7
p 75 2
I
II
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
476. 7
481.1 514.4 p 554. 7
484.6
National income, total
bil. $__
391.9
338.0 343.0
341.0 365.3
Compensation of employees, total
do
357.4
308.4 312.9
311.2 333.5
Wages and salaries, total
do____
288.5 249.4
253.2
251.6 269.2
Private.
do
12.4
11.7
10.6
10.7
10.8
Military
-do
56.5
52.6
48.4
49.1
48.8
Government civilian
-_
-_ _ do _
34.5
31.8
29.6
29.8
30.1
Supplements to wages and salaries
do
54.5
51.1
50.5
50.9
50.8
Proprietors' income, total 9
do_
39.1
40.3
37.6
37.9
37.8
Business and professional 9
do
14.3
12.0
12.9
13.0
13.0
Farm
do
18.6
18.2
17.4
17.6
17.7
Rental income of persons
_
do
Corporate profits and inventory valuation adjust64.5
P73.1
57.6
59.1
58.1
ment' total
- bil. $
By broad industry groups:
p8.9
8.0
7.5
7.5
7.5
Financial institutions
do
P64.2
56.5
51.6
50.6
50.1
Nonfinancial corporations, total
do
32.1
P 37. 4
28.7
29.5
28.7
Manufacturing, total
do
P16.7
14.9
13.4
13.4
13.2
Nondurable goods industries
do
P20.7
17.2
15.4
15.4
16.1
Durable goods industries
do
Transportation, communication, and public
plO.8
10.0
9.5
9.2
9.1
utilities
_ bil. $
P16.0
14.3
12.2
12.6
12.7
All other industries
- do
P74.7
64.8
58.6
58.5
58.9
Corporate profits before tax, total
_ do
27.6
P30.1
26.0
26.0
26.1
Corporate profits tax liability
do
P44.5
37.2
32.6
32.8
32.6
Corporate profits after tax
__do
17.2
P18.9
15.7
15.8
15.8
Dividends
do
19.9
P25.6
16.8
17.0
16.8
Undistributed profits
- - do
-.3 p-1.6
.2
-.4
-.9
Inventory valuation adjustment
do
P16.5
15.2
13.2
13.9
13.6
Net interest
__do_ __
DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Rates
530.7
495.0
467.1
464.8
460.1
Personal income, total
_ bil. $
65.4
59 2
60.9
60.6
61.0
Less' Personal tax and nontax payments
do
465.3 399.4
406.1
403.8 435.8
Equals' Disposable personal income
do
440.5
409.5
386.3
383.4
380. 5
Less: Personal outlays©
do
26.3
24.9
20.4
19.8
18.9
Equals: Personal saving§.
_
_ _ do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
44.90 r 51. 96
10.14
39.22
9.74
All industries
bil. $
18.58
' 22. 45
3.92
3.95
15.69
Manufacturing
do
9.43
r 11. 40
1.96
7.85
1.96
Durable goods industries
do
9.16
1.99
7.84
' 11. 05 1.95
Nondurable goods industries
do__
1.19
1.30
.27
1.04
.26
Mining
do__
1.41
'1.73
.29
1.10
.28
Railroad
d
o
.45
1.92
2.38
.54
'2.81
Transportation, other than rail
_ _ do
6.22
5.65
1.40
1.60
'6.94
Public utilities
_ _ _ do.
4.30
.93
4.94
.95
3.79
Communication
do
10.83
2.64
2.41
10.03
'11.79
Commercial and other
do
¥
Seas. adj. qtrly. totals at annual rates:
38.05 40.00
All industries
do
15.95
15. 30
Manufacturing
do
8.00
7.65
Durable goods industries
•__'
_ do
7.65
8.00
Nondurable goods industries
do
1.05
Mining
_
do
1.00
1.20
1.00
Railroad
do
1.85
2.05
Transportation, other than rail
do
5.90
5.45
Public utilities— —
_ - _ ._ do
3.85
3 65
Communication
do
10.20
9.65
Commercial and other
do
U.S. BALANCE OF INTERNATIONAL
PAYMENTScf
Quarterly Data Are Seasonally Adjusted
38, 652
34 932 39, 150
U.S. payments, recorded
mil $
Imports:
Merchandise
do
16,992 18, 619
21, 492
2,838
Military expenditures
..
do
2,929 2,824
7,014
7,650
Other services
do
6 515
839
978
Remittances and pensions
do
837
3,563
Govt. grants and capital outflows f
do
3,390
3 581
Increase in U.S. private assets, net
do
6,462
4,456
3, 526
Direct investments
do
2, 376
3,266
1,976
Long-term portfolio
do
1 975
1 695
988
Short-term.-,
do
2,111
785
—728
Increase in U.S. official reserve assets, net do
-171
—378
—1, 222
U.S . receipts, recorded
do
35, 333 40, 311
39, 311
Exports:
Merchandise and military sales
do
22, 728 26, 050
27 100
Income on investments
_
do
4,654
5,457
6,054
Other services
do
4 971
5 510
5 906
Increase in foreign assets in U.S.
do
3,294
2 980
251
Liquid assets: Foreign official agenciest do
1,599 ' 1, 073
-50
Other foreign accounts
do
1 554
619
129
Other liquid assets
do
762
172
' 667
Unrecorded transactions (net)
. do
—401 -1, 161
—659
Increase in U.S. official reserve assets and decrease
in liquid liabilities to all foreigners
mil. $_.. -2,670 -2, 798 -1,301
Increase in U.S. official reserve assets and decrease
in liquid and certain nonliquid liabilities to
foreign official agencies
_ mil. $
-1,977 '•-1.221 -1. 164
'Revised.
p Preliminary.
1
Estimates for Jan.-Mar. 1966 based on anticipated capital expenditures of business.
2
Estimates for Apr-June. 1966 based on anticipated capital expenditures of business.
3 Includes communication.
Estimated.
492.6
349.5
501.6
355.1
510.5
361.9
318.8
324.2
330.4
266.9
257.4
526. 3
540.6
549.5
375.4
342.6
276.5
382. 4
387. 9
348.9
282.0
11.9
54.3
32.7
51.8
39.6
12.2
18.5
11.8
55.0
33.5
51.9
39.9
12.0
18.5
353.6
285.9
11.6
51.9
31.5
51.0
39.0
12.0
18.1
519.5
369. 0
336. 8
271.7
11.7
53.3
32.2
51.4
39.4
12.0
18.3
63.6
64.5
65.5
64.9
71.7
72.0
73.5
7.5
7.8
8.4
8.5
8.3
8.9
9.2
64.3
37.3
16.6
20.7
11.6
49.9
30.7
51.0
38.0
13.0
18.0
261.6
11.6
51.0
30.8
50.4
38.5
11.9
17.9
59.6
7.4
56.2
31.9
14.4
17.5
56.7
32.1
15.0
17.1
57.0
32.5
15.0
17.5
56.4
32.3
15.3
17.1
63.4
37.3
16.6
20.8
63.2
36.7
16.6
20.1
9.9
14.5
64.0
27.3
36.7
16.7
20.0
10.1
14.5
64.5
27.5
37.0
17.1
19.9
10.2
14.4
65.3
27.8
37.5
17.4
20.1
.0
.2
14.5
15.0
15.4
10.1
14.0
65.9
28.1
37.8
17.7
20.0
-1.0
15.7
10.5
15.5
73.1
29.5
43.6
18.0
25.7
-1.4
16.1
10.5
16.0
73.9
29.8
44.1
18.6
25.5
-1.8
16.4
11.0
16.0
74.6 p77. 0
30.1 P31. 1
44.5 P45.9
19.2
pl9. 9
25.3
P26. 0
-1.2 P -1.8
16.7 Pl7. 1
475.6
483.0
490. 6
56.9
433. 6
440.3
507.1
60.7
389.5
416. 9
29.5
516.2
64.8
451.4
428.1
23.3
524.7
422.6
399.3
436.1
22.4
536.0
64.8
471.2
444.4
26.8
, 12.84
5.59
2. 83
2.76
10.79
4.54
2.25
2.28
12.81
5.47
2.76
2.70
52.2
29.7
13.5
16.1
9.4
13.1
60.8
27.0
33.8
16.1
17.7
-1.2
14.5
61.6
414.0
-.4
60.4
499.1
58.8
24.4
23.3
27.3
415.3
25.0
11.09
4.56
2.31
2.25
9.40
3.79
1.93
1.87
11.11
4.53
2.30
2.23
11.54
4.67
2.37
2.30
406.3
.30
.37
.59
446.4
.29
.39
.58
66.2
458.5
.28
.33
.54
.26
.32
.51
.29
.36
.63
1.61
1.06
2.72
1.18
2.37
1.58
1.10
2.61
1.71
1.06
2.84
1.76
1.17
3.01
1.32
1.08
2.59
1.71
1.24
2.85
41.20
16.45
8.30
8.15
1.05
1.35
2.10
5.80
4.05
10.45
42.55
43.50
45.65
47.75
17.80
9.00
8.80
1.15
1.25
2.25
6.30
4.30
10.45
18.85
9.60
9.20
1.20
1.50
2.40
6.30
4.40
11.00
20. 15
10.15
10.00
1.30
1.55
2.60
6.35
4.40
11.40
49.00
20.75
50.35
17.40
8.85
8.55
1.15
1.40
2.30
5.95
4.05
10.25
.97
.33
.35
.64
9,218
9,195
9,737
11, 000
4,410
4,599
720
4,709
691
4,901
732
1,736
1,742
1,736
681
1,800
209
753
203
890
207
895
1,327
1,344
1,569
2,222
821
833
568
151
220
1, 025
464
274
589
51
9,506
-303
551
••612
406
-70
9,347
10, 028
11, 430
6,343
6,258
6,550
6,899
1,396
1 345
1, 395
1 338
422
'237
71
540
256
548
356
48
231
77
1,392
1,393
693
-116
639
170
1,274
1,434
1,823
'904
613
306
—430
r
'114
-288
-152
-291
-257
-582
-593 -1, 366
10.40
10.40
1.25
1.75
2.55
6.80
4.55
11.30
.33
.44
.77
21.55
10.80
10. 70
1.30
1.55
2.70
6.85
4.80
11.60
546.0
65.7
480.3
453.2
27.1
13.41 '14.95 '112.64 2 15. 01
5.73 '6.72 '5.52
6.56
2.91 '3.48 '2.78
3.29
2.82
'3.24 '2.73
3.27
.32
'.34
.35
.40
.44
'.46
'.37
.51
.72
'.73
'.76
.90
'2.04
1.88
1.47
2.00
1.41
1.22
3.10 '3.25 ' 3 4. 19 34.64
52.75 ' 55. 35 '157.20 2 58. 90
23.00 '24.15 ' 25. 15 25.80
11.75 ' 12. 45 ' 12. 80 12.90
11.25 ' 11. 70 ' 12. 35 12.90
1.25 '1.35 ' 1. 45
1.55
1.70 '1.95 '1.65
1.80
3.00 '3.00 '3.30
3.20
6.75 '7.30
7.95
7.65
5.30
5.05
11.95 ' 12. 25 '318.05 318.65
'8,851 ' 9, 604 ' 9, 951
4,663 ' 5, 480 ' 5, 594
662
702
'720
'1,830 '1,924 ' 1, 905
224
'292
'229
'775
959
'725
' 1, 539
'315
'819
1,159
891
515
679 ' —159
'357
'-299 r _417
' —53
-842
—68 ' —41
'8,861 '9,685 '10,267
10, 246
5,755
•754
1,991
233
931
853
701
111
41
-271
10, 498
' 5, 801 ' 7, 029 '7,028
7,242
' 1, 555 ' 1, 648 ' 1, 505
1,346
' 1, 355 '1 467 ' 1 505 1,579
'150 r —459
331
'229
'334 ' -133 ' -247
' —10 ' —81 ' —316
'71
' -300 ' -263
' —26
'739
768
—655
218
—252
'-658
'258 '-517
-384
r -255
46 > -782 ' -587
-136 '- 49
'222 -1.033
'234
9 Includes inventory valuation adjustment.
©Personal outlays comprise personal consumption expenditures, interest paid by consumers, and personal transfer payments to foreigners.
§Personal saving is excess of disposable income over personal outlays.
cf More complete details are given in the quarterly reviews in the Mar., June, Sept., and
Dec. issues of the SURVEY.
t Less payment on U.S. Govt. loans.
t Includes certain nonmarketable, medium-term, nonconvertible Govt. securities.
SURVEY OF CURRENT BUSINESS
March 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965 »
Annual
S-3
1966
1965
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb. *
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
495.0
530.7
1513.0
515.4
515.2
517.8
520.5
525.0
528.5
530.4
532.1
2 534. 8
545.4
541.3
546.1
550.9 ' 552. 3
556. 3
333. 5
133.9
107.2
81.1
357.4
143.9
115.5
86.5
346.5
139.8
112.2
83.8
348.9
140.8
113.0
84.7
351.1
141. 9
113.9
85.5
351.5
141.4
113.6
85.6
353. 9
142.3
114.1
86.2
355. 4
143. 1
114. 8
86.5
357.4
144.0
115. 6
86.8
358.8
144. 6
116.1
87.0
360.8
144. 7
116.4
87.2
364. 7
146. 1
117.5
87.8
368.3
148. 1
119.1
88.2
371.3 '373.8
149.5 ' 150. 4
120.0 '121.1
88.7 '89.4
376.6
151.9
122. 5
89.9
do
do
__ do
54.1
64.3
16.5
58.1
68.9
18.2
56.3
66.6
17.4
56.6
66.8
17.5
56. 7
67.0
17.6
57.2
67.4
18.0
57.6
67.7
18.1
57.8
68.0
18.2
58.2
68.3
18.3
58.5
68.7
18.4
58.8
70.1
18.4
59.6
71.3
18.6
60.0
72.0
18.9
60.4
72.6
19.0
60.7
73.2
19.2
61.0
73.8
19.3
do
do
39.1
12.0
40.3
14.3
39.8
12.4
39.9
12.0
40.1
11.7
40.0
12.9
40.1
14.7
40.1
15.9
40.3
15.2
40.4
14.9
40.5
14.9
40.6
15.3
40.7
15.5
40.8
15.7
40.9
15. 7 *
41.0
15.8
18. 2
17.2
34.3
36.6
18.6
18.9
37.1
39.2
18.5
17.9
35.7
1 40. 1
18.5
18.0
36.0
37.4
18.5
18.0
36.2
37.6
18.6
18.2
36.5
37.8
18.6
18.5
36.7
37.4
18.6
19.1
37.0
37.2
18.6
19.0
37.2
37.6
18.6
19.2
37.5
37.7
18.6
19.5
37.7
M8.4
18.7
19.7
37.9
39.3
18.7
19.9
38.2
39.6
18.7
20.2
38.5
40.3
18.8
20.4
'38.9
' 41. 2
13.7
bil. $
Wage and salary disbursements, total. _. .do. _._
Commodity-producing industries, total_do_
Manufacturing
do
Distributive industries
do
Service industries
Government _
Other labor income. _
Proprietors' income:
Business and professional
Farm
_ ___
Rental income of persons .
do
Dividends
___do
Personal interest income
do
Transfer payments.
do
Less personal contributions for social insurance
bil. $__
Total nonagricultural income
do
18.8
20.6
39.3
41.5
13.4
13.5
13.6
'16.6
16.7
526. 2
521.7
526. 3
530.7 '532.3
536.1
3,864
4,521
5,263
4,370
3,751
3, 718
3,046
1,297
1,749
413
1,029
291
3,224
1,336
1,888
405
1,146
318
3,903
1,883
2,020
397
1, 275
332
4,923
2,770
2,153
422
1,359
358
4,287
2,208
2,079
410
1,309
348
3,698
1,773
1,925
437
1,133
332
3,653
1,724
1,929
429
1,168
298
108
96
116
113
113
114
120
116
123
145
164
131
183
241
140
160
192
135
138
155
125
136
150
125
87
51
114
105
91
115
114
117
111
118
116
119
140
160
126
181
242
135
160
200
129
132
158
113
131
158
111
12.4
13.2
12.9
12.9
13.0
12.9
13.0
18.1
13.2
13.3
478.7
512.1
i 498. 7
499.0
502.2
503.2
505.8
508. 2
510.8
512.9
39,068
41,380
3,284
2,429
2,702
2,549
2, 574
2,922
3,152
36,899
17, 135
19,764
5,008
11,090
3,335
38, 930
17,143
21, 787
5,086
12,873
3, 523
3,198
1,578
1,620
430
905
251
2,292
822
1,470
399
809
227
2,452
743
1,709
443
971
260
2,466
804
1,662
438
916
267
2,546
823
1,723
454
972
261
2,896
1,106
1,790
438
1,050
278
114
124
107
121
125
118
119
138
105
85
72
95
91
65
111
92
70
108
95
72
112
118
119
117
118
120
117
124
140
113
84
63
101
88
48
118
86
48
114
2
FARM INCOME AND MARKETINGS
Cash receipts from farming, including Government
payments (48 States), total
mil. $
Farm marketings and CCC loans, total __do
Crops
do
Livestock and products, total 9
do
Dairy products
_
_ _ _do
Meat animals
do
Poultry and eggs.
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:
All commodities
1957-59=100
Crops
do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted:
All commodities
1957-59=100
Crops __ __
do
Livestock and products
_ do
INDUSTRIAL PRODUCTION
Federal Reserve Index of Quantity Output
132.3
143.3
136.7
139.1
141.7
141.6
142.6
145.2
139.3
143.2
145.9
149.9
133.1
133.5
132.6
111.3
151.3
144.9
148.4
140.7
114.4
161.0
137.7
140.7
133.8
110.8
140.5
143.5
136.8
111.1
143. 5
147.1
139.0
111.1
143.4
147.5
138. 2
113.0
144.6
149.0
139.0
114.4
147.2
151.7
141.5
115.9
140.3
144.9
134.6
112.3
143.9
143.3
144. 7
118.2
147.5
148.3
146.5
114.2
152.3
154.6
149.4
118. 4
__do
do
do
do
__._do
131.8
131.7
142.8
128.1
132.0
142.4
140.2
159.9
134. 0
146.9
136.7
136.0
156.8
129.4
138.3
138.3
137.7
161.5
130.1
139.8
140.9
140.5
167.8
131.8
141.6
138.5
136.9
162. 6
128.7
142.0
139.8
137.8
163.6
129.6
144.2
143.2
141.6
165.8
133.9
146.8
138.3
135. 2
147.0
131.4
144.9
141. 1
138.9
129.6
141.8
145.9
145.7
143.8
148.4
142.3
149.7
151.4
148. 7
145.2
150.1
174.9 ' 173. 4
142.2 ' 136. 2
156.1
154.2
do
do
do _
132.8
131.2
134.3
144.1
144. 2
144.0
136.7
135.7
137.8
139.8
138.7
140.9
142. 5
142.9
142.0
144. 3
144.4
144.3
145.0
146.9
143.1
147.0
149.5
144.5
140.3
142.9
137.5
145.1
144. 5
145.7
146.2
146.6
145.8
148.6
147.6
149.7
147. 6 '146.7 ' 147. 8
146.9
' 145. 4 ' 145. 9
149.9 ' 147. 7 ' 148. 8
151.0
151
152
do
132.3
143.3
138.6
139.2
140.7
140. 9
141.6
142.7
144.2
144. 5
143.5
145.1
146. 4 '148.7 ' 150. 1
151.3
133.1
144.9
146.7
' 148. 2 '150.6 ' 152. 1
153.5
142.0
139.6
137.1
148.0
140.6
137.0
142.7
136.9
137.0
149.0
145.0
140.9
144.8
140.4
139.5
151.0
145.2
144.1
145.5
141.4
141.2
153.6
147.4
144.3
146.4
140.2
139.7
153.4
146.0
142.7
148.1
143.0
143.3
146.1
146.4
144.3
150.0
148.7
152.1
138. 4
148.0
145.5
150.5
146.5
143.3
149. 0
147.5
145. 0
148.2
131.2
125.0
152.3
147.0
144.7
150.3 r 151. 3
'
119. 4
123.7
110.5
115.8
155.0 '158.8
153.6
150.9
152.6
148.2
' 155. 0
'126.5
118.2
' 162. 1
156.2
154.0
' 157. 6
'129.8
' 121. 7
159.4
' 157. 3
154. 3
159.2
131
126
174.6
' 171. 9
' 178. 1
' 163. 2
' 176. 7
'150.4
177
173
181
163
177
151
165.7
162.2
139.7
137. 6
125. 7
125. 4
164. 3 ' 165. 7
155. 5 '152.0
169
142
Unadj., total index (incl. utilities). _._1957-59=100__
By industry groupings:
Manufacturing, total. _. _
do
Durable manufactures
do
Nondurable manufactures
do
Mining
do
Utilities..
_ do
By market groupings:
Final products, total
Consumer goods
.
Automotive and home goods
Apparel and staples
Equipment, including defense
Materials
Durable goods materials
Nondurable materials _
Seas, adj., total index (incl. utilities)
By industry groupings:
Manufacturing, total
.
do
140.2
140.8
142.3
142.4
143. 1
144.1
145.7
146. 0
145.2
148. 1 r 146. 6 ' 148. 2
150.9
••148.3 ' 149. 7
r 155. 4 '156.3
' 139. 4 ' 141. 3
' 117. 0 ' 117. 0
153. 0
159. 7
144.5
117.6
' 146. 4 '
r 140. 0 '
r 168. 6 '
130.9
'160.3 '
151.3
145.1
172
150. 5
' 154. 5
145.5
' 117. 2
Durable manufactures 9
Primary metals
_
Iron and steel
Nonferrous metals and products
Fabricated metal products
Structural metal parts..
do
do
do
do
do
do
133.5
129.1
126.5
138. 3
132.7
130.3
148.4
137.5
133.6
152.1
147. 8
145. 4
Machinery
Nonelectrical machinery
Electrical machinery
Transportation equipment 9
Motor vehicles and parts...
Aircraft and other equipment
do
do
do
do
do
do
141.4
142. 1
140.6
130.7
150.1
112. 4
160.4
160.3
160.6
149.2
175. 2
125.3
150.7
151.3
150.0
141.4
169.1
115.5
152.5
152. 7
152. 3
139.7
167. 7
114.1
153.9
153.8
154.1
144.4
176.4
115.3
155.4
155.2
155. 8
144.6
173.2
118.6
156.9
157.0
156.8
147.3
175.5
121.7
159.0
159. 4
158.4
149.5
178.0
123.3
160.6
161.7
159.2
149.8
177.4
124.1
161.4
162.4
160.1
151.5
177.5
127.3
162.3
162.4
162.1
149.4
175.2
125.6
166.0 ' 167. 5 ' 170. 7
165.8 ' 166. 9 ' 169. 2
168.4 '172.8
166.2
155.0 ' 157. 3 ' 160. 8
178. 0. ' 179. 2
177.1
143.4
134.4
138. 0
136.4
126.0
112.6
143.4
133.4
151.4
133.5
117.4
157. 4
146.0
142.7
132.4
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
129.9
114.2
155.6
143.2
147.0
130.3
117. 1
156.5
143.6
149.8
131.6
112. 8
156.8
143.6
152.1
132.6
115.4
155.8
143.5
152.6
133. 5
117.2
156.3
146.6
155.7
133.8
116.2
156.8
147.1
158.0
134. 4
118.3
159.7
150.4
Instruments and related products
Clay, glass, and stone products
Lumber and products
Furniture and
fixtures
Miscellaneous manufactures
do_.__
__do
do
do
do
Nondurable manufactures
do
138.4
132.6
139.1
140. 7
137.9
Textile mill products
do
132.0
131.7
122.9
131.5
134.8
Apparel products
do
142.2
143.7
134.1
145. 0
144.0
Leather and products
do
108.7
106.6
106.1
102.6
107. 8
Paper and products
do
133.4
139.0
142.3
139.1
137.5
r
Revised. p Preliminary.
i Italicized total exc udes step ped-up ralteofNSI ,1 divide ad
payments to veterans; total disbursements of $200 mi llion put on annual rate basis3 amount ed
to $2.4 billion. Figures for transfer payments and total non igricultur al income reflecting
similar exclusions are as follows (bil. $): 37.7 and 496.3.
159.0
' 135. 5
119. 1
162.6
153. 0
'
'
'
'
148. 6
142. 2
168. 2
162. 3 • 164. 5
160
158
167
155
146.4
144.2 ' 145. 2 '145.2
142.1
140.4
140.4
138.8
141.3
138.5
139.0
137.7 '139.4 ' 140. 6 140.3
132.2
131.6
132.2
133.8
134.8
135.7
148.5
145.7 ' 147. 2
141. 9
145.3
145.4
144.3
143.8
143.8
110.1 113.9
109.3
107.0
108.2
105.0
110. 9
105.1 107.7
147.4 ' 147. 7 145.5
141. 1 143.9
143.6
142.1
140.9
139.4
140.0
2 Italicized to tal exclu des and other fot)tnoted f igures in elude ret reactive lump-si im payment 3f social security benefits >; disbur sements of $885 million put on a nnual ra te basis
amoun ted to $1 0.6 billic>n.
9In(3ludes dsita for it ems not shown separateljr.
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965 v
1965
Jan.
Annual
March 1966
Feb.
Mar.
Apr.
May
June
July
1966
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.*
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Federal Reserve Index of Quantity Output— Con.
Seasonallv adjusted indexes— Continued
By industry groupings— Continued
Nondurable manufactures— Continued
Printing and publishing
1957-59=100__
Newspapers
do
Chemicals and products
do
Industrial chemicals
do_ _
Petroleum products
do
123.3
117.0
159. 6
178.4
121.0
130.3
124.2
173.3
196.1
123.4
126.8
121.4
166.7
186.0
119.0
127.7
120.9
167.8
188.2
121.5
128.5
121.0
169.5
190.8
122.2
128.3
120.7
169.2
191.6
121.5
129.3
121.5
169.3
191.7
122.9
130.0
124.7
169.9
192.9
121.8
131.3
126.2
172.8
194.9
124.5
133.0
129.7
174.2
195.7
125.8
129.3
120.1
176.6
199.9
125.1
131.1
133.2 ' 134. 2 ' 135. 9
125.1
127. 2
129.5
130.2
177.1 ' 178. 5 ' 180. 6 182.7
200.9 '202.9
206.3
124.0
126. 1 ' 127. 8
131.0
Rubber and plastics products _ _ __do
Foods and beverages
do
Food manufactures
_._
do
B e verages
do _ _
Tobacco products
do____
156.3
120.8
120.1
124.4
120.8
172.2
123.3
122 A
128.4
120.5
164.7
124.3
123.0
131.4
122.2
171.1
123.4
122.6
127.4
123.5
172.6
123.4
122.4
128.6
127.2
167.7
122.5
122.6
121.8
120.9
168.2
121.9
120.6
129.0
116.5
169.1
122.3
121.2
128.5
121.8
170.2
123.1
122.6
125.9
119.9
168.1
122.4
121. 9
125. 0
120.7
171.2
123.2
121.8
131.0
120.6
175.5
123.6
122.1
131.8
114. 5
' 181. 6 181.3
125.0 ' 125. 3
123.5
123.6
133.0
134.3
' 118. 9
117.1
138
125.9
124.3
Mining
Coal
Crude oil and natural gas
Crude oil
_
Metal mining
Stone and earth minerals
do
do
do
do
do
do
111.3
107.1
110.4
109.9
117.4
118.7
114.4
111.8
112.3
111.8
122.6
126.5
111.8
107.7
109.8
109.8
126.7
120.8
111.8
103.2
110.6
108.6
123.4
122.9
112.5
103.1
111.4
110.5
124.6
124.1
113.0
107.9
112.0
111.4
125.8
118.2
114.0
113.0
111.9
111.3
121.6
123.9
115.3
117.1
112.5
112.2
123. 7
125. 8
116.0
117.1
113.0
112.1
126.4
127.3
117.0
115.2
114.2
113.4
130.2
129.1
112.6
106.7
110.6
108.5
122.4
127.4
115.8 ' 116. 0 ' 117. 6 ' 118. 6
115.7
116. 8
114.4
118.5
114.0 ' 113. 8 ' 114. 0 115.6
114.0
114.5 ' 116. 0 117. 3
116.5 ' 114. 2 ' 120. 6
131.7
133.2 ' 138. 2 135.3
125.5
118.4
111
116
116
Utilities .
Electric
Gas
do
do
do
151.3
153.9
143.4
161.0
165.5
147.0
154.9
158. 5
143.6
156.1
159.6
145.4
158.5
162.4
146.0
159.9
164.0
147.2
160.4
164.3
147.8
162.5
167.1
147.9
161.3
165.8
147.1
161.4
166.2
146.4
165.3
170.9
147.5
165.7
171.3
165.1 '165.5 ' 165. 5
170.5
170.9
166.5
do
do
do
131. 8
131.7
142. 8
142.4
140.2
159.9
138.4
138.4
157.4
138.5
138.0
157.3
140.1
140.0
161.9
139.4
138.5
158.2
140.2
138.6
158.5
140.7
138.7
158.2
141. 7
139.3
158.1
142.3
139.5
158.1
143.3
140.7
158.5
145.7
141.7
161.7
147.4
142.8
163.0
148.8 ' 149. 6
144.1 ' 144. 0
167. 7
166.6
151.3
145. 2
167
do_
do
.do
do
do
do
145.1
150.6
138.0
141.1
137.1
142.4
167.1
182.6
146.8
154.7
152.4
154.2
165.7
182.8
143.1
151.7
147.2
150.6
163.8
178.9
143.9
152.7
148.7
152.6
173.1
194.2
145.2
154.0
150.8
152.7
166.9
183.5
145.1
152.1
149.0
152.0
168.1
184.9
146.0
151.8
147.6
154.4
168.1
187. 1
143.0
151.3
148.8
153.5
167.8
184.6
145.8
151.2
146.5
154.0
169.8
184.3
150.7
149.8
145. 2
152.3
166.5
178.1
151.2
153.0
149.1
152.0
168.6
181.1
152.0
156.9
154.0
154.9
' 168. 8
182.5
' 150. 8
159.0
155.2
157.4
' 169. 4 ' 168. 4
180.3
182.4
'152.4
152.8
' 164. 7 167.2
'161.3 166.7
' 161. 0 163.8
Apparel and staples
do
Apparel, incl. knit goods and shoes. .do
Consumer staples
do
Processed foods
_ _ __ _
do
128.1
124.2
129.3
119.9
134.0
134.3
133.9
122.2
132.4
131.6
132.6
122.3
131.9
131.8
131.9
121.3
133.0
132.5
133.2
122.1
132.3
131.8
132.4
122.1
132.2
132.5
132. 2
121.1
132.8
133. 2
132.7
120.7
133.7
132.2
134. 1
122.4
133.6
131.9
134.1
121.6
135.0
134.0
135.3
121.6
135.4
135.1
135.4
122.2
' 136; 5
123.2
146.9
123.7
142. 3
125.7
157.0
127.1
149.8
128.3
154.2
125.8
143.9
126.1
152.8
125.3
145.4
128.1
154.2
128.6
146.5
121.5
152.6
126.9
148.8
124.8
151.9
126.6
148.2
126.2
152.9
125.6
150.6
123.9
157.0
128.0
151.2
123.6
160.1
128.0
150.6
127.5
161.3
126.1
154.2
126.0
159. 2
126.3
.156. 0
128.2
128.5
161.2 ' 162. 7
127.6 ' 129. 6
155.2
153.9
132.0
139.1
137.0
145.3
141.0
133.1
146.9
156. 6
153.1
164.4
162.4
148.1
138.2
147.7
144.8
152.5
154.0
142.5
139.4
149.2
147.1
156.2
150. 7
141.3
140.4
150.1
148.3
159.1
148.2
140.4
141.2
150.9
148.4
161.3
150.8
138.3
143.7
153.5
150.6
162.3
157.1
141.7
144.9
154. 6
151.9
164.1
157.8
143.7
147.0
156.4
155.1
165.2
155.0
145.3
148.4
157.8
153.8
165.2
163.6
157. 1
149.0
159.0
155.3
166.4
164.2
155.4
154.3
164.3
159.4
169.7
178.7
155.7
157.3
167.2
162.0
172.7
180.4
165.8
' 158. 8 ' 161. 6
' 168. 9 ' 170. 8
' 162. 4 162.6
' 174. 5 177.5
' 188. 1 197.4
163.9
164.5
174
do
do
do
do
do
132.8
131. 2
145.8
134.4
124.5
144.1
144. 2
166.8
151.9
133.8
138.8
138.0
159.6
142.6
128.3
139.7
139.0
164. 9
143.8
130.8
141.7
142.6
166.3
146.9
133.5
142.6
142.9
163.4
147.5
130.5
142.6
143.4
162.3
148.7
131.4
144.5
146.1
169.9
150.0
131.3
146.4
148.4
171.8
153.3
132.7
146.1
147.5
167.9
154.7
134. 6
143.7
142.8
165.4
154.2
134.5
144.3
142.2
167.0
158.4
135.3
145.6
143.0
168.2
160.0
137.2
'
'
'
'
'
150.1
149.6
170. 1
165.8
142. 0
150.9
151
N on durable materials 9. _
_ _ _ _ _ . do
Business supplies
do
Containers
do
General business supplies
do
134.3
127.4
127.9
127.1
144. 0
136.5
136.6
136.5
139.5
133.2
136.3
131.6
140.5
135.6
138.0
134.4
140.6
134.2
129.7
136.5
142.4
135.1
137. 3
134.0
141.8
134.1
132.0
135.2
143.4
134.8
132.0
136.2
145.0
137.6
136.1
138.3
144.8
135.1
132.1
136.6
144.5
135.9
134.4
136.7
146.4
136.8
136.6
136.9
' 148. 1 '150.6 ' 150. 7
141.5
' 140. 3 ' 143. 4
140. 2
144.9
146.9
142.1
' 138. 0 ' 141. 7
151
122.6
112.2
149.6
127.6
115.2
159.2
124.1
112.1
153.8
123.9
111.1
155.6
125.7
112.3
158.5
127.2
114.3
159.6
127.9
115.1
160.1
129.9
116.9
162.4
128.9
117.0
158.8
129.2
117.2
160.1
126.3
112.1
161.5
129.7
117.9
160.9
' 129. 9 ' 131. 4
117.8 ' 119. 1
163. 8
161.7
132.0
119.4
132
119
__
By market groupings:
Final products, total.
Consumer goods
Automotive and home goods.
Automotive products .
__
Autos _ _
Auto parts and allied products
Home goods 9
Appliances, TV, and radios.
Furniture and rugs
_
Beverages and tobacco
do
Drugs, soap, and toiletries
do_ _.
Newspapers , magazines , books do_
Consumer fuel and lighting
do
E quipment , including defense 9
do
Business equipment _ __
do
Industrial equipment
do
Commercial equipment
do
Freight and passenger equipment ..do
Farm equipment
do
Materials
Durable goods materials 9 __ _
Consumer durable
Equipment
Construction
_
Business fuel and power 9
Mineral fuels
Nonresidential utilities
do
do
do
136.4
137.0
138. 5
136.4 ' 136. 5
123.1
123.1
148. 6
146. 7
168. 3
163. 2
138. 8
137.2
123.5
166
178
138
165.2
132.2
BUSINESS SALES AND INVENTORIES §
75, 807
77, 894
77, 493
77, 866
78,027
79, 938
78, 938 78, 872
79, 760 '81, 564 '82,810
84, 114
do
do
do
445, 552
230, 775
214, 777
483,343
252, 242
231, 101
38,885
20, 415
18, 470
38, 693
20,374
18, 319
40, 285
21, 284
19, 001
40, 044
20, 915
19, 129
39,814 39, 943
20, 513 20, 652
19, 301 19, 291
41, 452
21, 820
19, 632
40,518 40, 173
21, 191 20, 924
19, 327 19, 249
40, 548
21, 146
19, 402
41,403 '42,622
21, 606 '22,316
19, 797 '20,306
43,044
22, 537
20,507
do
do
do
261, 630
84, 173
177,457
283,950
93, 718
190, 232
22, 933
7, 759
15, 174
23, 168
7,841
15, 327
22, 884
7,597
15, 287
22, 829
7,445
15, 384
23, 334
7,618
15, 716
23,348
7, 691
15,657
23, 658
7,821
15, 837
23,591 23, 763
7, 764
7,770
15, 827 15, 993
24, 217 '24,656 '24,816
7,871 ' 8, 107 ' 8, 252
16, 346 '16,549 '16,564
do _
do
do
164, 583
68, 984
95, 601
177, 587
76, 232
101,354
14, 128
6,069
8,060
13, 946
6,098
7,848
14, 725
6,240
8,485
14, 620
6,213
8,407
14, 718
6,352
8,366
14, 736
6,243
8,493
14, 828
6,369
8,458
14, 829
6,415
8,414
14, 995
6,424
8,571
Mfg. and trade inventories, book value, end of year
or month (seas, adj.), total
_ mil. $
110, 535
119, 847 111, 465 111, 884 113, 032 113, 761 114,542 115, 049 116, 012 116, 683 116, 967
Mfg. and trade sales (seas, adj.), total f— —mil. $__ 1871,765 1944,880" 75,946
Manufacturing , total
Durable goods industries..
Nondurable goods industries
Retail trade, totaltf
Durable goods stores
_
Nondurable goods stores
_
Merchant wholesalers, total
___ _
Durable goods establishments
Nondurable goods establishments
Manufacturing, total
do
62, 944
68, 015 63, 213 63, 382 63, 708
Durable goods industries
do
38, 412
42, 324 38, 495 38, 692 38, 972
Nondurable goods industries
do
24, 532
25, 691 24, 718 24, 690 24, 736
Retail trade, totalf
do
31, 130 33, 957 31, 478 31, 635 32, 260
Durable goods stores
do
13, 136
14, 782 13, 493 13, 655 14, 082
Nondurable goods stores...
do
17, 994
19, 175 17, 985 17, 980 18, 178
Merchant wholesalers, total
do _
16, 461 17, 875 16, 774 16, 867 17, 064
Durable goods establishments
do _„ • 9,077 10, 091 9,275 9,323 9,428
Nondurable goods establishments
do
7,499 7,544 7,635
7,384
7,784
r
2
Revised.
* Preliminary.
1 Based on unadjusted data.
Advance estimate.
9 Includes data for items not shown separately.
tSee corresponding note on p. S-ll.
§ The term "business" here includes only manufacturing and trade, business inventories
63, 999
39, 233
24, 766
32, 546
14, 298
18, 248
17, 216
9,454
7,763
64, 269
39, 475
24, 794
32, 823
14, 566
18, 257
17, 450
9,589
7,861
64, 625
39, 951
24, 674
33, 014
14, 546
18, 468
17, 410
9,592
7,819
65, 394
40, 600
24, 794
33, 088
14, 592
18, 496
17, 530
9,779
7,751
65, 788
40, 814
24, 974
33,360
14,819
18, 541
17, 535
9,820
7, 715
14,936
6,405
8,531
66, 267
41, 300
24,967
33, 045
14, 621
18, 424
17, 655
9,911
7,743
15, 505 '15,372
6,666 ' 6, 666
8,840 ' 8, 706
2
25,
2
8,
2
016
298
16, 718
16, 054
7,036
9,017
117,653 118,500 '119,847 120,451
66, 642 67, 192 '68, 015 68, 428
41, 523 41, 869 '42,324 42, 543
25, 119 25, 323 '25,691 25, 885
33, 296 33, 533 '33,957 34, 113
14, 782 14, 774 14, 782 14, 949
18, 514 18, 759 '19,175 19, 164
17, 715 17, 775 '17,875 17,910
9,948 10, 041 '10,091 10, 135
7,767
7.734 ' 7, 784 7.775
as shown on p. S-l cover data for all types of producers; both farm and nonfarai. Unadjusted data for manufacturing are shown on p. S-5; those for retail trade on p. S-ll.
USee corresponding note on p. S-ll.
SURVEY OF CURRENT BUSINESS
March 1966
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1965
Jan.
Annual
S-5
Feb.
Mar.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES— Con.
Inventory-sales ratios:
Manufacturing and trade, totalf
ratio..
1.48
1.46
1.47
1.48
1.45
1.47
1. 47
1.47
1.45
1.48
1.48
1.48
1.45
'1.45
1 43
do__ _
do
do __
do
- do
1.64
1.91
.57
.79
.54
1.61
1.91
1.63
1.89
1.58
1.83
1.60
1.88
1.61
1.92
1.62
1.93
1.58
1.86
1.62
1.93
1.65
1.97
.59
.80
.52
.57
.77
.52
1.64
1.90
.58
.78
.50
.60
.82
.51
.61
.83
.53
1.64
1.96
1.62
1.94
1.60
r
l 90
1 59
1 89
do
do
do__ _
do
1.35
.53
.19
.62
1.29
1.34
.52
.19
.63
1.26
1.29
1.30
.50
.19
.60
do
do
ldo__ _
1.40
1.86
1.18
1.38
1.84
1.16
Merchant wholesalers, total_. do, __
Durable goods establishments..
do
Nondurable goods establishments-. _. do__ _
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:
Durable goods industries (unadj.), total— mil. $_.
1.17
1.51
1.17
1.52
Manufacturing, total _
Durable goods industries
Materials and supplies
Work in process
Finished goods
Nondurable goods industries
Materials and supplies
Work in process
Finished goods
.
.58
.79
.53
.57
.75
.51
1.35
1.30
.59
.77
.51
.61
.79
.52
1.29
1.28
.52
.19
.63
.50
.19
.61
.50
.18
.60
.37
.74
.19
1.37
1.74
1.17
1.41
1.85
1.19
1.43
1.92
1.19
.41
.91
.16
.19
.53
.93
1.21
1.53
1.16
1.51
1.18
1.52
.92
9,941
615
733
941
do__ . 445, 552
483, 343
36, 384
39, 380
41, 231
do_ __ 230, 775
11, 526
do
38, 832
do
_do_ __ 21, 236
do_ _ 23, 549
252, 242
11, 753
41, 910
22, 916
24, 292
18, 924
20, 685
21, 928
1,947
33, 696
30, 207
59, 628
38, 450
7,523
36,490
33, 593
68, 039
45,412
8, 347
2,695
2,407
5,300
3,654
589
3,021
2,676
5,755
3,832
214, 777
Nondurable goods industries, total 9
-do
75, 883
Food and kindred products
do
4,693
Tobacco products
__ _do_ __
Textile mill products
__
do_ ... 17, 808
17, 116
Paper and allied products
do
Chemicals and allied products _ _ ...
_do_ „ 33, 578
Petroleum and coal products.
_ do. __ 18, 187
Rubber and plastics products
__ .do. _ 10,212
231, 101
80, 678
4,864
19, 318
19, 385
36, 030
19, 178
11, 653
17, 460
6,184
_
Retail trade, totalfl
Durable goods stores
Nondurable goods stores
Shipments (not seas, adj.), total
Durable goods industries, total 9 _
Stone clay, and glass products
Primary metals
Blast furnaces, steel mills
Fabricate d metal products
-
.92
9, 001
Machinery, except electrical
.. __do__ _
Electrical machinery
_ _ .do
Transportation equipment-__ do_ _
Motor vehicles and parts...
do._ _
Instruments and related products
do
.91
Shipments (seas, adj.), total
do
By industry group:
Durable goods industries, total 9 _ _. do
Stone, clay, and glass products
do
Primary metals
do
Blast furnaces, steel mills
.
.do
Fabricated metal products
do
Machinery, except electrical
Electrical machinery
Transportation equipmentMotor vehicles and parts... _
Instruments and related products
do
do
do
369
1,444
1,441
2,723
1,542
871
20, 415
1,030
3,455
1,976
1,959
1.28
.50
.19
.59
.61
.83
.53
1.29
.51
.19
.60
1.41
1.89
1.18
1. 40
1.87
1.17
1.41
1.91
1.17
1.39
1.88
1.15
1.37
1.88
1.13
.19
.51
.94
1.18
1.54
1.18
1.54
1.18
1.53
1.18
1.55
1 18
1.55
853
800
41, 282
.92
49
19
58
r 58
r
1 37
1 36
1 80
1 15
1.15
1.51
1 16
.87
89
1 11
1 44
r 1 79
r 1 16
1 51
747
805
870
856
884 ' 1,006
850
40, 074
41, 914
37, 844
39, 443
41, 198
42 185
41, 642 r4Q 766
40 339
21, 968
2,012
967
4,074
2,438
2,085
21, 157
1,010
3,613
1,923
2, 025
22, 280
1,095
3,639
1,954
2,147
19, 564
1 022
3,273
1,847
1,905
19, 813
1,046
3,590
2,076
2, 089
20, 778
1 046
3,266
1,675
2,122
21 748 21, 738
993
1 050
3,266
3, 215
1 595 1,612
2,101
2,088
3,228
2,718
5,866
3,970
696
3,164
2,646
5,755
3,898
3,299
2,844
6,106
4,144
732
2,857
2 539
5,069
3,366
650
2,814
2 746
4,355
2,570
650
3,207
2,748
6,176
4,223
704
675
3,063
3,002
5,035
3,071
742
3, 048
3 063
6 057
4, 178
728
2,970
3,087
6,223
4,326
729
18, 695
6,378
19, 303
6,578
19, 314
6,594
19, 634
6,825
18, 280
6,545
19, 630
6,780
20, 420
7, 215
20, 437
7,154
19, 904
7,018
r
1,368
1 503
2,823
1,624
1,725
1,706
3,133
1,628
883
1,686
1,658
2,944
1,637
948
983
1,751
1 718
3 070
1,650
1,032
40, 173
40, 548
41, 403
r
42 622
43 044
21 146
21, 606
1 013
3 335
1,681
2 139
r
22 316
22 537 i 22 600
1 128
3*497 i g 600
1*744
2 145
860
3,582
2,060
924
3,859
2,245
679
1,601
1 559
2,919
1,545
940
1,636
1,640
3,073
1,530
983
1,574
1, 617
3, 221
1.553
1,007
18,917
6,575
374
1,553
1,566
3,180
1,584
998
38, 693
40, 285
40, 044
39, 814
39, 943
41, 452
40, 518
20, 374 21, 284
1 013 1,019
3,629
3, 456
2,086
1,979
2, 087
2 033
20, 915
20, 513
20, 652
21, 820
21, 191
399
394
427
935
3,796
2,245
2 048
923
3,435
1,835
1,955
439
1,679
1,653
3,189
1,647
1,028
415
407
425
3, 389
1, 820
1,974
969
3,782
2,170
2 036
20,924
953
926
3, 708
3,237
1,652
2,105
1 968
1,995
3,081
2,796
5,863
3,905
19, 249
6,821
962
.91
405
947
3 204
1, 608
1 963
3, 119
2 894
5,870
4,004
728
2,990
2 800
5,803
3,932
703
18, 470
6,446
2
44,
2
101
2
1 26
831
.91
3,009
2,701
5,668
3,814
691
18 319
6,267
19, 001
6,566
19, 129
6,667
19, 301
6,661
19, 291
6,671
19, 632
6,777
19, 327
6,843
387
415
1,619
1,616
2 957
1,615
968
1,581
1, 631
2,942
1,614
951
1 609
1 656
2 982
1 639
931
49
19
.92
.90
2,993
2,748
5,519
3,680
688
1,519
.50
.19
.59
57
81
50
.92
.96
2,984
2,757
5,408
3,620
701
1, 606
1,516
1.27
1.36
"1.82
1.13
.50
.20
.59
2,996
2,690
5,859
3,974
699
2,854
.58
81
51
1.28
.50
.19
.60
2,898
2 616
5,444
3,628
647
407
.60
.82
.52
.49
.18
.59
2,969
2,657
5,361
3,550
661
Nondurable goods industries, total 9
do
Food and kindred products
do
Tobacco products . _ _ _ _
_ _ _ _ _do___
Textile mill products
do
Paper and allied products
do
Chemicals and allied products
_ _ do
Petroleum and coal products
do
Rubber and plastics products _
do
Inventories, end of year or month:
Book value (unadjusted), total
Durable goods industries, total .
Nondurable goods industries, total.
1,945
1,757
38, 885
_ do__ _
do
_ do
_do_ _
do
By market category:
Home goods and apparel
do
Consumer staples
do
Equipment and defense prod., excl. auto.do
Automotive equipment. _ _ __
do_ _
Construction materials and supplies..
do
Other materials and supplies
do _
Supplementary market categories:
Consumer durables
.
do
Defense products
.
do
Machinery and equipment .
do
806
3,345
.50
.18
.60
.61
.80
.53
422
413
1,618
1 560
1 530 1,598
3,006
2, 902
1,571
1 519
440
364
1,610
1,572
3,030
1,631
988
1,600
1, 575
3,057
1,637
958
1,603
1,656
3, 063
1,648
930
954
1,564
1,591
3,009
1,583
967
411
400
980
694
3, 127
2 906
5 973
4,037
707
19 402
6,845
405
958
r
85
20 960 i 23 000
r 934
i ^ Rnn
*884
'3 188 3 378
r i 546
1 716
r 2 014
1 925
21 659
r 3 124
r 3 117
r 6 342
r 4' 180
r 773
2
2
6
4
977
889
058
075
!9 107 19 379
r
6 832 6 895
T 400
386
1,721 r 1 580
1 523
1,675 r 1 649
1 677
2, 958 r 2 797
3 012
1,613 r 1 625
1 634
997
r 995
985
410
r l' 140
r 3' 470
T i 730
r 2 166
3,150 r 3 242
2 962 r 3' 073
5 907 r 6 075
3,981 r 3 993
r 713
710
19 797
7,001
3 285
3* 183
6 045
3 866
782
r
20 306 20 507
r 7 131
7 187
426
'410
1 673 r i 703
1 692
1 691 r 1 762
1 764
3 067 T 3 133
3 156
1 619 r \ 594 1 617
1,012 r 1 064
1 067
394
2
2
2
2
2
2
909
305
60, 300
2 50, 403
2
37, 543
2
188, 883
3, 653
8,077
4,846
3,973
3,183
15, 153
3,612
7 925
4,806
4,030
3,117
15, 203
3,730
8,213
4,945
4,392
3,183
15, 822
3,681
8,395
4,907
4,020
3,063
15, 978
3,769
8,280
4,948
4,088
3,001
15, 728
3,705
8,374
4,942
4,232
3,062
15, 628
3,788
8,682
5,093
4,408
3,169
16, 412
3,700
8 554
5,001
4,347
3,058
15, 858
3,715
8,549
5,125
4,323
3,080
15, 381
3,735
8 615
5,172
4,452
3,066
15, 508
3 861 r 4 067
8 812 r g 955
5,175 r 5 385
4,418 r 4 448
3,252 '3 409
15, 885 r!6 358
2
2
2
17, 902 2 19, 283
25, 953 2 27, 965
42, 331 2 47, 115
1, 574
2,197
3,755
1,567
2,222
3,709
1,625
2,281
3,872
1,594
2,259
3,871
1,567
2,281
3, 849
1,553
2,298
3,838
1,644
2, 324
4,070
1, 564
2,341
3,878
1,567
2,422
3,980
1,618
2,402
4,035
1 674 r i 770
2,385 r 2 530
4,087 r 4 188
65, 088
40, 410
24, 678
65, 481
40,704
24, 777
65, 869
41, 096
24, 773
66, 218
41,212
25, 006
66, 777 '67 620
41, 407 r41 831
25, 370 r25 789
68 483
42 417
26, 066
41, 750
94, 397
55, 185
43, 344
35, 878
174, 998
4 044
9 026
5,535
4 336
3,460
16 643
1 714
2 639
4 324
62, 642
38, 001
24, 641
67 620
41,831
25, 789
63, 299
38, 403
24, 896
63, 761
38, 875
24, 886
64, 065
39, 265
24, 800
64, 366
39, 633
24, 733
64, 769
40, 033
24, 736
64, 979
40, 321
24, 658
62, 944
68, 015
63, 213
63, 382
63, 708
63, 999
64, 269
64, 625
65, 394
65, 788
66, 267
66, 642
67, 192 '68 015
68 428
38 412
1,587
6,111
3,707
4,251
42 324
1, 626
6,349
3,678
4,856
38, 495
1,595
6,161
3,744
4,306
38, 692
1,595
6,153
3,717
4,325
38, 972
1,593
6,071
3,618
4,420
39, 233
1,606
5,900
3,427
4,517
39, 475
1,620
5,996
3,531
4,544
39, 951
1,623
6,074
3,597
4,565
40, 600
1,600
6,163
3,631
4,611
40, 814
1,618
6,142
3,576
4,685
41, 300
1,614
6, 224
3,633
4,766
41, 523
1,640
6, 275
3,669
4,772
41 869 '42 324
1,634 r 1, 626
6,261 r 6, 349
3,658 r 3, 678
4, 816 r 4, 856
42 543
1,635
6, 415
3,768
4,820
Machinery, except electrical
do
7, 576
7,558
8, 508
5,403
Electrical machinery. _ _
do
6,093
5,388
8,930
7,849
Transportation equipment
do
7,908
Motor vehicles and parts
do
2,977
3, 013
3,318
1,622
Instruments and related products. .do
1,788
1,619
r
2
Revised.
i Advance estimate.
Based on data not seasonally adjusted.
T See corresponding note on p. S-ll.
fSee corresponding note on p. S-ll.
7,638
5,473
7,869
3,016
1,635
7,668
5,574
7,945
3,052
1, 646
7,726
5,628
8,095
3,150
1,653
7,763
5,662
8,104
3, 249
1,676
7,878
5,726
8,267
3,290
1,687
7,988
5,810
8,653
3,527
1,683
8,142
5,873
8,600
3,370
1,696
8,298
5,907
8,707
3,430
1,711
8,364
5,947
8,706
3,412
1,714
Book value (seasonally adjusted), total
do
By industry group:
Durable goods industries, total 9
do
Stone, clay, and glass products
do_
Primary metals .
do
Blast furnaces, steel mills.. _ .__ do
Fabricated metal products.
_ _ _do_
9 Includes data for items not shown separately.
i 6 500
694
8,453
5,993
8,860
3,366
1,730
'8,508
r
6, 093
r
8, 930
r
3, 318
' 1, 788
8,507
6,195
8,968
3,250
1,807
i 6 100
STJKVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
March 1966
1965
1965
Jan.
Annual
Feb.
Mar.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Inventories, end of year or month— Continued
Book value (seasonally adjusted)— Continued
By industry group— Continued
Durable goods industries— Continued
By stage of fabrication:
Materials and supplies 9
mil. $
Primary metals
do_ __
Machinery (elec. and nonelec.) do
Transportation equipment
_-do _
Work in process 9
—
__do
Primary metals
do
Machinery (elec and nonelec ) do
Transportation equipment
do
Finished goods 9
do
Primary metals
do _
Machinery (elec and nonelec ) do
Transportation equipment
do
11, 688
2,248
3,263
2,216
15, 933
2,024
5 763
4,695
10,791
1,839
3,920
997
12, 943
2,388
3,816
2,278
18, 109
2,130
6 699
5 465
11 272
1,831
4 086
1 187
11, 802
2,297
3,306
2,181
15, 934
1,999
5 792
4,673
10, 759
1,865
3 881
995
12,406 12, 512
2,332 2,317
3,456 3,502
2,280 2,362
16, 114 16, 162
1,883
1,957
5,936 5,966
4,782 4,686
10, 713 10, 801
1,722
1,685
3,962 3,957
1,033 1,056
12, 537
2,305
3,540
2,372
16, 533
1,985
6,122
4,820
10, 881
1,784
3,942
1,075
12, 664
2,310
3,609
2,420
17, 053
2,051
6,242
5,155
10, 883
1,802
3,947
1,078
12, 672
2,316
3,702
2,232
17, 283
2,058
6,351
5,284
10,859
1,768
3,962
1,084
12, 812 12,886
2,302 2,302
3, 747
3,808
2,317
2, 348
17,380 17, 502
2,066
2,114
6,415
6,491
5,277
5,228
11, 108 11, 135
1,856
1,859
4,043 4,012
1,113 1,130
12, 914 12,943 12, 933
2,336 ••2,388 2,413
3,825 ' 3, 816 3,884
2,300 ' 2, 278 2,234
17, 763 18,109 18, 283
2,097 ' 2, 130 2,173
6,577 r 6, 699 6,727
5,408 '5,465 5,551
11, 192 11,272 11, 327
1,828 ' 1, 831 1,829
4,044 ' 4, 086 4,091
1,152 ' 1, 187 1,183
24 532
6 030
2 359
2 837
1 885
4 003
1 745
1 176
25 691
6 034
2 371
3*130
1 %5
4*335
1 756
1 279
24 718 24 690 24, 736 24, 766 24, 794
6,182
6,100
6 194 6 197 6, 196
2,328 2,307 2,328
2,312
2 322
2,828 2,826
2,811 2,820
2 829
1,865
1, 885
1 869 1 869 1,855
4,174
4,106
4 072
4 055
4 047
1,792
1,775
1,800
1 794 1 812
1 191 1 183 1 213 1 222 1,221
24, 674
6,040
2,317
2,879
1,882
4,133
1, 765
1,234
24, 794
6,073
2,281
2,952
1,900
4,203
1,746
1,244
24, 974
6,000
2, 286
3,003
1,916
4,240
1,727
1, 258
24, 967
5,881
2,286
3,038
1,922
4,258
1,696
1,262
25, 119
5,861
2,328
3,119
1,919
4,285
1,718
1,273
25, 323
5,993
2,268
3,085
1,934
4,350
1, 737
1,306
25, 691 25, 885
' 6, 034 6,150
'2,371 2, 350
' 3, 130 3,083
'1,965 1,965
' 4, 335 4,413
' 1, 756 1,786
r
1, 279
1 304
do
do
do
9 619
3 522
11, 391
9 964
3*862
11 865
9 585
3 532
11, 601
9,541
3,531
11, 618
9,557
3,533
11, 646
9,660
3,533
11, 573
9,675
3,558
11, 561
9,608
3,611
11, 455
9, 537
3,591
11, 666
9,645
3,662
11, 667
9,766
3,702
11, 499
9,769
3,825
11, 525
9,827
3, 823
11, 673
'9,964
'3,862
11, 865
do
do
do
do
do
6,499
9,660
13 241
3,683
5 629
24* 232
7 021
9 844
14 835
4 032
6 054
26* 229
6,534
9,776
13 225
3,654
5 643
24 381
6,534 6,593
9,756 9,827
13 283 13, 338
3,701 3,751
5 661 5 734
24, 447 24, 465
6,650
9,809
13, 490
3,854
5,816
24, 380
6,694
9,770
13, 419
3,941
5,835
24, 610
6,650
9,721
13,635
3, 983
5,862
24, 774
6,685
9,737
13, 858
4,215
5,821
25, 078
6,815
9,675
14, 046
4,068
5,852
25,332
6, 863
9,566
14, 286
4,124
5,908
25, 520
6,866
9, 630
14, 376
4, 102
5,983
25, 685
6,890
9,708
14, 650
4,092
6,011
25, 841
' 7, 021 7, 141
'9,844 9,957
14, 835 14, 952
' 4, 032 3,974
' 6, 054 6,018
26,229 26,386
do
do
do
3 056
5 625
9 431
3 287
6*388
10 701
3 072
5 605
9 445
3,081
5,607
9,543
3,134
5,688
9,560
3,164
5,788
9,617
3,210
5,740
9,651
3,241
5,814
9,863
3,249
5,968
10, 006
3,250
6,030
10, 216
3,221
6,044
10, 432
3,233
6,091
10,492
3, 254
6,270
10, 591
'3,287
'6,388
10, 701
3,390
6,512
10, 727
do
do
452 368
237, 631
492 272
260, 732
37 785
20, 320
17 4f5^
40, 641
21,878
18 763
41, 820
22, 507
19 313
41, 842
22,435
19 407
40, 162
21, 166
18 996
42, 357
22, 651
19 706
38, 713
20,404
18 309
39, 964
20,348
19 616
42, 259
21, 818
20 441
43. 104
22.648
20 456
42,094
22, 109
19 985
41, 531
22,448
19 083
42, 671
23,228
19 443
2 4f\9 3fi8 24Q9 979
on 7fU
39 469
40 712
41 120
40 181
40 689
41 846
40 926
41 483 41 843
42 234
43 868
44 298
21,271 21, 130
3,739 3,802
2,291
2 232
2 110
2 068
3 092 3 050
2,597
2,891
5,690
5,546
1 465 1,703
21, 714
3,593
2,018
2,065
3 100
2,711
6,301
1,757
22,043
3,456
1,876
2,098
3 107
2,929
6,453
2,248
20,992
3,286
1,632
2,027
3 108
2,801
5,878
1,552
21,310
3,454
1,816
2,042
3 189
2,874
5,870
1,684
22, 195
3,493
1,851
2,058
3 140
3,099
6,363
1,646
21, 509
3,119
1,465
1,974
3 318
3,000
6,141
1,956
22, 163
2,908
1,276
2,013
3 315
2,995
6,853
2,462
22,425
3,148
1,451
2,050
3 349
2,983
6,920
2,466
22, 389
3,392
1,635
2,213
3 396
3,201
5,972
1,608
23,403 23,774
' 3, 684 3,603
' 1, 854 1,777
'2,335 2,179
' 3, 532 3 424
'3,211 3,490
' 6, 165 6,657
'1,724 2,341
19 845 '20,465
5,454 ' 5, 717
14 391 '14 748
Nondurable Roods industries total 9 do
Food and kindred products
do
Tobacco products
do
Textile mill products
do
Paper and allied products
do
Chemicals and allied products
do
Petroleum and coal products
do
By stage of fabrication:
IVtaterials and supplies
W^ork in process
Finished goods
By market category:
Home goods and apparel
Consumer staples
EQUJD and defense prod excl auto
Automotive equipment
Other materials and supplies
Supplementary market categories:
Consumer durables
Defense products
Machinery and equipment
New orders net (not seas adj ) total
Durable goods industries, total By industry group:
Durable goods industries, total 9 Primary metals
Blast furnaces steel mills
•AT1 ™£9 •
meiai products-
914 737
90-1
KAf)
11, 876
2,295
3,356
2,210
16,008
2,005
5 835
4,661
10, 808
1,853
3,920
998
12,068
2,292
3,399
2,234
16,041
1,967
5,866
4,696
10, 863
1,812
3,977
1,015
- - - do _ _ 237, 631
do . 41, 308
23 303
do
24 222
ao
<M QOQ
260, 732
41, 017
21 378
24 914
31 212
61, 174
17 514
35 292
72, 973
22 044
914 737
57 318
231 540
63 458
18 433
5 018
18 339
5 054
13 285
18 998
5,203
13 795
19 077
5,130
13 947
19 189
5,157
14 032
19 379
5,298
14 081
19 651
5,444
14 207
19 417
5*, 347
14 070
19 320
5,267
14 053
19 418
5,307
14 111
do
do
41, 740
94, 388
45, 057
101, 315
ce no-i
3,607
51 053
38 058
4,116
3,672
8,372
6 121
4,133
3 150
15 672
5 323
4,208
3,105
15 579
3,751
8,389
5 509
4,194
3 132
15 714
3,725
8,583
5 466
4,524
3 155
16 393
5 543
4,294
3,040
15 707
3,780
8,550
5 756
4,504
3,118
15 775
3,778
43 643
36 325
3,727
8,207
4 974
4,530
3 145
16 129
3, 784
do
uu
3,569
7,927
4 981
4,083
3 155
15 754
3,689
K7 7CK
5 689
4,' 516
3,129
16 127
Electrical machinery
Transportation equipment.
Aircraft and parts
do
do
do
Industries with unfilled orders©
do
By market category:
Home goods and apparel
Consumer staples
_._
Automotive equipment
X^v,
* • lUditjridib dim tsuypiieD
•j K7 4. in
1 78 ^ft.7
OQ
4.04.
1 fiB 089
m
10 41 K
8,093
4 Q3Q
3 238
3,868
10,004
3,890
11, 991
24,300
23,500
14,000
16,400
20 524
5,646
14 878
' 4, 145
4,139
5 485 ' 5, 834
4,413 '4,448
3,296 '3,604
16 366 '16 882
6 184
4,342
3,467
17 140
do
_do
do
'1,844
' 2, 528
' 4, 583
1,811
3,486
4,420
Unfilled orders, end of year or month (unadjusted),
total.
mil. $—
Durable goods industries, total—
do
Unfilled orders, end of year or month (seasonally
adjusted) total
mil $
By industry group:
Durable goods industries, total 9 -do
Primary metals
do
Blast furnaces steel mills
do
Fabricated metal products
do
Electrical machinery
Transportation equipment
do
_. do
By market category:
Pan t
t'
5 pruu., 1^t/1- <*uto
Other materials and supplies
Supplementary market categories:
Consumer durables
Defense products
Machinp.rv and p.nninmfiTit.
uo
do
do
do
rln
•IK 71 1
17, 920
27, 126
44, 471
19, 449
32,534
49,679
2,372
3,958
1,580
1,529
2,438
3,799
1,601
2,463
4,024
1,629
3,236
4,078
1,574
2,460
4,069
1,586
2,579
4,091
1,560
2,618
4,348
1,640
2,808
4,159
1,610
3,450
4,153
1,675
3,276
4,249
55, 962
53,042
9 Q90
64,896
61, 543
QCO
57, 363
54, 439
9 Q94
58, 629
55, 636
2 993
59, 217
56, 215
3 002
59, 779
56, 684
3 095
59, 869
56, 694
3 175
60, 309
57, 064
3 245
61,178
57, 904
3 274
61, 697
58, 438
3 259
62, 758
59, 479
3 279
63,676
60,379
3 297
64, 129 '64,896
60, 752 '61,543
3 377 r 3 353
67,230
63,812 165,100
3 418
57 044
66 068
57 317
58, 160
58 595
59, 463
59, 897
60, 588
60, 981
61, 391
62,699
63, 993
64, 821 '66, 068
67, 319
53, 958
6,559
4 311
4, 811
8 302
8 103
21, 090
15 526
62,534
5,646
2 730
5 467
in 304.
9 830
25,993
54, 280
4 387
4 851
8 413
8 247
21, 051
1* 3Q4
55, 092
7,073
4,759
4,910
8 467
8,269
21,363
15 738
55, 531
7,058
4,720
4,897
8 563
8,302
21, 776
16 098
56, 374
6,683
4,351
4,911
8 688
8,448
22, 664
16 849
56, 875
6,569
4,148
5,051
8 782
8*, 555
22, 951
16 861
57, 454
6,637
4 144
5,093
8 963
8,773
23,069
17 074
57,830
6,348
3,825
5,115
8 984
8,978
23, 563
17 252
58, 148
5,760
3,185
5,120
9 3j3
9,178
23, 901
17 732
59, 385
5,431
2,809
5,137
9 547
9,376
24, 891
18 631
60,664
5,375
2,653
5,224
9 769
9,453
25,838
19 569
61, 445
5,432
2,606
5,298
10 014
9,692
25, 903
19 683
3 086
Consumer durables
Defense products
Machinery and equipment
7OS
3 534
3 037
3 068
3 064
3 089
3 022
3 134
3 151
3 243
3 314
3 329
3 376
'3 534 3 551
1 Q7K
29 223
5 490
20, 356
34 732
6 041
23, 171
1 861 1 953 2 017 2 046
32 097 32 587 33 401 33 983
5 720 5 701 5 739 5 803
21, 303 21, 150 21, 542 22, 161
2 048
34 284
5 345
22, 644
r 2 124
2 219
'34 732 35 389
'6 041 6 046
'23, 171 23,665
1 420
20 058
1 601 1 427 1,374
24 587 19 964 20 260
ifi nnn 13 534 13 572
13 3fi7
3
1Q 781
9 194
6,656
1 962 1 904 1 898 1 901 1 908 1 922
29 210 29 494 29 549 30 694 31 154 31 607
5 558 5 596
5 591 5 628 5 721 5*733
20, 587 21, 166 21, 557 21, 240 21, 114 21, 326
1,354
20 502
13 771
2
' Revised.
1 Advance estimate.
Data for total and components (incl. market
categories) are based on new orders not seasonally adjusted.
9 Includes data for items not shown separately.
© Includes textile mill products,
leather and products, paper and allied products, and printing and publishing industries; un-
1,371
21 361
13.981
1,399
21 457
14.166
1,412
21 743
M! 422
1,328
22 036
14.700
1,406
22 503
14.982
1,449
93 532
15.152
1,504
24 407
15 3fi9
1,695
2,567
4,325
'62,534
'5,646
' 2, 730
'5,467
'10 304
'9,830
'25,993
'19 781
63, 768 164,700
5,751 1 6, 100
2,763
5,500
10 444
10, 137
26, 605 126,900
20 444
1,526 ' 1, 601 1,700
24 587 '24 587 25, 434
15. fiOfi M6.000
16.099
filled orders for other nondurable goods industries are zero. 1 For these industries (food and
kindred products, tobacco products, apparel and related products, petroleum and coal products, chemicals and allied products^and rubber and plastics products) sales are considered
equalto new orders.
SURVEY OF CUEEENT BUSINESS
March 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1966
1965
1965
Jan.
Annual
S-7
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS^
' '1
New incorporations (50 States and Dist. Col.):
Unadjusted
__
.
number
Seasonally adjusted ...
_ _ . _ do
INDUSTRIAL AND COMMERCIAL
FAILUREScf
.
. ' ._
number
Failures, total
Commercial service
Construction _
Manufacturing and mining. _ _ _
Retail trade
Wholesale trade
Liabilities (current) , total
Commercial service
Construction
Manufacturing and mining
Retail trade
Wholesale trade
do
do
_ _ d o __
do
_ _ do
197, 724
203 897
18, 180
17, 275
15, 967
17, 367
19, 789
17, 112
17, 712
16,504
16, 540
16,043
17,635
16, 671
16, 794
16, 369
16, 114
16, 957
15, 962
17, 138
15, 889
16, 744
15,130
17, 418
18, 185
16, 999
19,731
17, 677
13,501
13 514
1,137
1,114
1,332
1, 179
1,183
1,094
1,074
1,131
1, 100
1,047
1, 033
1,090
1,084
1 226
2,388
2, 254
6,241
1,392
1 299
2 513
2,097
6 250
1 355
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
90
205
172
510
117
82
205
157
514
116
114
208
176
533
100
124
205
172
479
120
110
212
145
490
90
103
201
155
477
97
119
210
156
492
113
101
203
160
515
105
thous. $. 1,329,223 1,321,666
_
do
do
__do____
_ _ do
do
Failure annual rate (seasonally adjusted)
J
No. per 10,000 concerns..
182, 527
262 392
361, 864
281, 948
240 492
i 53. 2
89, 272 111, 985 146, 579
83, 247 133, 113 144, 607 121, 485 135, 039 104, 976
82,066
71, 722
97, 575 103, 175
248 523
290 980
350, 324
287 478
144 361
4,905
24 381
26, 189
19, 744
14 053
9,111
19 881
43, 269
28, 663
11 061
24, 487
21 075
47, 868
29, 913
23 236
6, 039
19 554
26, 090
20,067
11 497
48, 806
17 729
32,978
20, 944
12 656
54, 207
35 601
22, 435
22, 353
10 Oil
4,891
53 372
31, 145
21, 352
10 725
47, 127
24 080
30, 097
19, 704
14 031
23, 039
19 007
24, 880
27, 463
10 587
10, 381
19 139
17,862
27, 876
6 808
7,635
14 420
22, 539
20, 606
6 522
7,895
22 741
24,972
28, 793
13 174
8, 021
13 877
23, 029
42 216
16 032
i 53. 3
52.8
51.7
54.8
50.8
54.1
50. 1
52.8
56.9
59.7
51.5
51.4
54.2
50.7
256
243
299
255
253
236
254
253
250
224
235
244
250
224
231
249
248
220
236
248
248
218
258
245
259
223
259
236
263
228
296
225
171
171
235
540
293
276
369
160
174
173
246
548
302
274
384
170
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
Prices received, all farm products
1910-14=100..
Crops
_
do
Commercial vegetables
do
Cotton
_ _ _ _
do
Feed grains and hay
do
Food grains. _ .
__
do
Fruit
do
Tobacco
.
do
Livestock and products _
do
Dairy products
_ _
do
Meat animals
do
Poultry and eggs
.
do
Prices paid:
All commodities and services
__ . d o
Family living items
do
Production items
...
do
All commodities and services, interest, taxes, and
wage rates (parity index)
1910-14=100..
Parityratio§
do
236
238
246
262
248
232
260
245
236
234
234
233
238
234
237
233
239
237
261
242
166
190
298
490
235
256
270
142
173
164
243
510
261
260
320
145
174
168
272
488
237
267
272
136
176
167
257
497
240
262
280
137
177
166
244
497
241
256
283
139
282
300
270
288
306
276
284
303
272
286
304
273
313
76
321
77
317
74
108 1
109 9
108.0
108 9
105 2
106 0
103 0
101 2
121 6
104 4
115 2
117 0
106 4
98 6
104.7
115.3
107 2
108 7
107 8
109 1
107 3
103 5
107.9
102.8
105.7
109 3
107.9
119 0
113.6
119 4
109 2
114.1
109 6
110 4
106 4
107 9
102 6
99 o
120 8
105 1
117 8
120 0
108 8
105 1
105 0
115 2
108 5
110 6
108 9
111 4
107 2
105 6
107 8
103.1
106.8
111 1
109 7
121 4
115.6
122 3
109 9
115.2
243
243
287
249
251
248
325
251
272
236
339
224
180
164
241
499
244
248
292
144
182
162
249
499
254
242
320
136
180
158
245
498
266
239
345
138
286
303
273
287
303
276
290
308
278
290
307
278
290
307
278
289
305
277
288
305
277
288
305
276
289
307
276
291
309
278
293
309
281
295
312
282
318
75
318
75
320
76
323
78
323
79
323
78
321
78
321
78
322
77
322
77
324
80
327
80
329
83
108 9
108 9
109 0
109 3
109 6
110 1
110 2
110 0
110 2
110 4
110 6
111 0
2m o
108 6
109 8
105 6
106 3
103 6
101 5
123 7
104 9
116 6
118 6
106 6
99 2
105.6
112 4
108 1
109 9
108 4
110 6
107 9
106 5
108 0
102.8
105.6
111 1
109 7
120 6
114.5
120 6
110 0
115.0
108.6
109 8
105 5
106.3
103 3
101 0
121. 7
104.7
116 9
118.9
106 6
99.5
105.2
113.3
108 2
110.2
108 5
110.9
107 4
106.7
107.8
102. 8
105.8
110 6
109.1
121 2
114.7
121.0
110.1
115.2
108. 7
109 9
105 6
106 4
103 2
100 8
121 7
104 8
117 0
119 1
106 9
99 6
105.0
115.3
108 2
110 1
108 7
110.8
107 4
106 5
107.7
103.1
106.0
110 6
109 0
121 3
114.9
121 4
110 4
115.4
109.1
110 1
105 9
107 0
103 0
100 7
120 6
105 0
117 3
119 3
107 3
99 8
104.5
117 6
108 2
110 1
108 8
110 8
107 2
105 4
107.7
103.1
106.3
111 0
109.5
121 3
115.4
121 6
110 7
115.9
109.4
110 3
106 2
107.5
102 9
100.2
121.1
105.2
117 5
119 5
107 9
100 3
104.2
121 4
108 2
110 2
108 8
110 8
107 1
104 6
107 7
103.1
106.8
111 4
110 0
121 3
115.6
121 8
111 0
115.9
110 0
110 3
106 9
108 6
102 6
97 4
122 7
105 1
117 ft
119 7
110 1
106 4
104 0
125 9
108 2
110 3
108 8
111 0
106 9
103 4
107 8
103.1
106.9
111 2
109 7
121 3
115.7
122 2
111 0
115.7
110 1
110 2
106 9
108 7
102 3
97 2
123 0
104 7
117 8
120 0
110 9
109 2
104 3
124 3
108 3
110 6
108 9
111 2
106 6
103 2
106 9
102. 9
106.1
111 5
110 0
121 4
115. 3
122 7
108 7
114.6
109. 8
110 2
106 6
108 5
101 8
97 1
120 3
104 7
117 9
120 0
110 1
109 8
105.0
114 6
108 2
110 7
109 0
111 4
105 3
103 5
107 7
102.9
106. 4
111 0
109 5
121 5
115.6
122 8
109 0
114.3
110 0
110 6
106 6
108 6
101 7
96 5
118 9
104 9
118 5
120 7
109 7
109 g
105 3
108 5
108 6
110 8
109 1
111 6
107 4
104 3
107 9
103.1
107.2
111 0
109 5
121 6
115.8
122 8
109 2
114.8
110 2
110 9
106 9
108*7
102 1
97 7
119 4
105 3
118 7
121 0
109 7
108 9
105 5
108 5
109 0
111 2
109 2
112 1
107 7
106 9
107 9
103. 3
107.8
111 2
109 7
121 6
116.2
123 0
109 2
115.2
110 4
111 2
107 1
108 9
102 4
98 7
118 7
105 6
119 0
121 3
109 7
108 5
105 8
109 9
109 2
111 5
109 3
112 5
107 9
107 2
108 0
103. 3
108.1
111 5
110 1
121 6
116. 4
123 4
109 6
115.4
110.8
111.3
107 4
109.4
102.4
98.7
118.2
105.7
119 3
121.6
110 6
110.1
106. 1
111.0
109 4
111 8
109 5
112. 9
108 1
108.6
108.0
103.6
108.1
111.6
110 1
122 0
116.6
123 7
110 0
115.4
110 8
111 1
107 4
109 6
101 9
97 4
114 8
105 3
119 5
121 8
111 4
112 9
106 6
111 3
109 2
112 0
109 7
113 1
106 4
108 9
107 9
103.6
107.3
111 2
109 6
122 0
116.9
124 2
110 4
115. 7
110 8
107 6
111.3
111 6
107 8
110.8
177
160
219
498
269
247
344
142
171
162
242
508
272
256
344
146
171
160
263
531
271
267
334
150
161
164
241
527
273
277
332
150
156
167
215
526
274
279
332
154
166
170
228
550
289
280
356
164
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Unadjusted indexes:
All items
1957-59=100
Special group indexes:
All items less shelter. ...
_
do
All items less food
do
Commodities
do
Nondurables
do
Durables 9
do
New cars. . . . .
do
Used cars
do
Commodities less food. _ '
do
Services
.
do
Services less rent..
. . . do
Food 9
do
Meats, poultry, and fish _ _
do
Dairy products
do. _.
Fruits and vegetables
do
Housing.
do
Shelter 9
_ _
do
Rent—
do
Homeownership
_
do
Fuel and utilities 9
do
Fuel oil and coal
do
Gas and electricity... _ _
do
Household furnishings and operation do.
Apparel and upkeep
._
do
Transportation
do
Private
do
Public.
do
Health and recreation 9
do
Medical care.
do
Personal care
_
_
do
Reading and recreation
do.
Seasonally adjusted indexes:*
Food
do
Apparel and upkeep
do
Transportation
_do
r
Revised.
1 Based on unadjusted data.
2 Beginning with indexes for Jan. 1966, data for six additional areas (Cincinnati, Houston,
Kansas City, Milwaukee, Minneapolis-St. Paul, and San Diego) have been incorporated
into the national CPI. These areas were "linked" into the CPI as of Dec. 1965 and were
first used in calculating the Dec. 1965-Jan. 1966 price change.
cf Compiled by Dun & Bradstreet, Inc. (failures data are for 48 States and Dist. Col.).
§ Ratio of prices received to prices paid (parity index).
9 Includes data for items not
shown separately.
* New series. Beginning with indexes for Jan. 1966, seasonally adjusted
indexes for selected groups and subgroups of the CPI were published by the Dept. of Labor.
Additional information and a description of the BLS Seasonal Factor Method are available
from the Bureau of Labor Statistics, U.S. Dept. of Labor, Washington, D.C. 20210.
SUBVEY OF CUEEENT BUSINESS
S-8
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965 P
March 1966
1965
Annual
Jan.
Feb.
Mar.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
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 O __
do
By durability of product:
Durable goods
do
Nondurable goods
_
do
Total manufactures
_do^
Durable manufactures
do
Nondurable manufactures _ _ _
do
197.7
!88.8
104. 6
1 104. 7
191.9
U14.6
102.3
91.5
110.6
102.4
91.5
110.7
103.0
89.8
113.2
105.3
90.6
116.7
105.2
90.3
116.9
104.2
90.1
115.3
103.3
89.0
114.6
104.7
91.2
115.2
105.4
93.2
114.8
105.6
93.4
115.0
106.1
93.9
115.5
108.9
97.9
117.1
112.0
100.7
120.5
113.8
101.9
122. 9
100 5
102 5
101 0
101.2
101.3
101.7
102.1
102.8
102.9
102.9
103.0
103.1
103.5
104.1
104.6
105.3
94.1
100.9
101.8
98.9
102 2
103. 6
94.2
101.6
102.3
95.5
101. 6
102. 3
95.8
101.6
102.4
96.9
101.8
102.8
98.3
101.9
103.2
100.6
102.2
103.9
100.5
102.3
104.0
100.8
102.4
103.8
100.0
102.5
104.1
100. 1
102.6
104.3
100.8
103.0
104.7
103.2 ' 105. 2
103.0
103.4
105.3 ' 105. 6
102.4
99.1
101.1
102.5
99.7
103 7
101.5
102.8
103 7
101.9
103.1
99.5
101.8
103. 2
100.5
103.2
99.6
101.8
103.3
100.3
103.3
99.8
101.8
103.3
100.4
103.4
100.4
102. 1
103.4
100.7
103.6
100.8
102.4
103.6
101.1
103.7
102.0
103.0
103.7
102.3
103.7
102.2
103.1
103.7
102.5
103.9
102.0
103.2
103.9
102.4
103.9
102.2
103.2
103.9
102.5
104.0
102.4
103.4
104.0
102.7
104.2
102.9
103. 7
104.2
103.2
104.2
103.9
104.1
104.2
103.8
1
107.4
103.8
106.2
'104.6
104.5
'104.4
'104.5
'104.3
104.9
105.5
104.8
104.7
104.8
98.0
102 1
98.1
98.7
99.0
100.2
101.1
103.5
103.7
103.3
103.5
103.6
104.3
106.5 ' 107. 7
109.7
Farm products 9
—
-do _
Fruits and vegetables, fresh and dried-do
Grains
do
Livestock and live poultry
do __
94.3
103.2
94.1
84.7
98.4
101.8
89 6
98.9
93.0
98.5
90.4
85.5
94.5
102.5
90.5
88.4
95.4
107.8
90.6
89.8
97.6
117.7
91.2
91.4
98.4
118.5
91.0
96.2
100.3
109.0
89.6
104.6
100.0
103.9
88.4
105.0
99. 1
85.5
88.3
106. 4
99.5
96.1
89.3
102.6
99.4
95.6
88.6
103.2
100.3
94.2
87.4
104.0
103. 0 '104.5
92.2 ' 97. 6
90.1
92.4
109.0
112.6
107.3
98.4
92.9
116.7
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. 0
107.8
107.8
104.8
90.8
105.1
109.0
108 5
102.1
101.0
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
102.3
108.3
107.5
100.9
93.6
103.3
108.3
106.8
100.4
97.7
106.1
108.5
107. 1
101.5
105.5
106.6
109.3
107.8
101.8
106.3
106. 7
108.8
108.5
100.4
106.3
106.7
109.1
109.1
101.8
105.3
106.9
109.4
109.4
104.7
104.9
107.6
110.6
110.4
105.4
105.5
109.4 '110.3
111. 2 '111.8
111.3
110.6
105.1 '104.7
110.5
112.7
111.7
112.0
112.5
105.5
115.0
101.2
102.5
101.9
101.9
102.0
102.1
102.3
102.5
102.5
102.7
102.7
102.8
103.2
103.2
103.8
97.6
94.8
95.0
116.7
104.3
105.7
97.4
94.8
93.9
114.0
104.3
105.7
97.4
95.0
94.0
110.3
103. 3
105.7
97.1
95.0
93.9
104.4
102.1
105.7
97.2
95.0
93.9
108.4
102.5
105.7
97.6
95.4
94.1
110.1
103.4
105.9
97.5
95.5
94.7
106.7
103.8
105.9
97.6
97.6
95.5
95.1
94.6 '94.4
110.1 ' 113. 1
103.8
103.8
105.9
105.9
97.6
95.2
94.5
110.0
104.7
105.9
Farm products and processed foods _
do
Commod. other than farm prod, and foods. -do
103.5
Chemicals and allied products 9
_do _
Chemicals, industrial
- d o __
Drugs and Pharmaceuticals
do
Fats and oils, inedible
__ _ _do
Fertilizer materials
do
Prepared paint _
_
__
do
96.7
94.2
95.0
96,8
100.1
104.7
97.4
95.0
94.4
112.7
103 5
105.4
97.3
94.6
94.4
113.4
102.3
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
97.6
94.8
94.8
121.2
104.3
104.4
Fuels and related prod., and power 9
do
Coal . -_
-do -Electric power
Jan. 1958 = 100, _
Gas fuels
do
Petroleum products, refined
1957-59 = 100- _
97.1
96.9
101.1
121.3
92.7
98.9
96.5
100.8
124.1
95.9
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
94.6
100.8
122.5
94.1
98.4
94.6
100.8
122.2
95.4
98.7
94.7
100.8
122.7
96.0
98.7
95.2
100.7
122.5
96.0
99.0
95.8
100.8
123.9
96.4
99.2
96.6
100.8
125.3
96.4
99.4
97.3
100.8
125.8
96.6
100.3
97.5
100.8
126.8
98.1
100.5
100.6
97.6 '98.1
100.4
100.7
128.6 ' 128. 2
98.4
98.3
100.3
98.2
100.4
128.9
97.8
Furniture, other household durables 9
do
Appliances, household_ _do „
Furniture, household
do
Radio receivers and phonographs. _
do
Television receivers
do
98.5
91.3
105.3
81.5
90.9
98.0
89.2
106 2
80.1
88 5
98.3
90.2
106.1
81.1
89.7
98.2
90.0
106.0
81.1
88.9
98.3
90.0
106.0
81.1
88.9
98.0
89.4
106.0
81.1
88.9
98.0
89.2
106.0
81.1
88.9
98.0
89.4
105.9
81.1
88.9
97.8
89.2
105.9
79.6
87.8
97.7
88.6
106.1
79.0
88.0
97.7
88.6
106.2
79.0
88.0
97.8
88.6
106.4
79.2
87.9
98.0
88.6
106.6
79.2
87.9
98.2
88.8
106.7
79.2
87.9
98.4
88.7
107.2
78.4
87.9
Hides, skins, and leather products 9
Footwear
Hides and skins
__ .
Leather
Lumber and wood products...
Lumber
104.6
108.5
87.5
102.9
100.6
100.7
109.2
110 7
111. 2
108 1
101.1
101 9
104.9
109.1
86.5
104.2
100.8
100.8
105.1
109.1
90.2
103.2
100.8
101.4
105.7
109.1
92.1
105.7
100.7
101.3
106.3
109.7
96.3
103.6
100.5
101.0
107.4
109.7
105.9
104.2
100.4
101.0
107.7
109.8
103.1
107.6
100.3
101.1
108.8
110.0
117.4
105.9
100.5
101.2
112.2
110.2
133.4
112.5
101.8
102.5
111.3
110.3
124. 9
110.9
102.0
103.1
113.3
113.6
125.6
111.9
101.6
103.0
'98.3
'88.7
107.0
'78.4
87.9
Machinery and motive prod. 9 __ _ _
do
Agricultural machinery and equip
do
Construction machinery and equip. _ _ _do
Electrical machinery and equip do
Motor vehicles...
__ _ _do __
102.9
112. 9
112.4
96.8
100.5
103 7
115.1
115.3
96 8
100. 7
103. 3
114.3
113.8
96.7
100.8
103.5
114.4
114.3
96.8
100.9
103.5
114.6
114. 5
96.8
100.8
103.7
114.6
115.0
97.0
100.8
103.7
114.7
115.1
97.1
100.8
103.8
114.7
115.2
97.1
100.7
103.7
114.9
115.3
97.0
100.7
103.8
114.8
115.6
96.7
100.7
103.8
115.0
115.6
96.6
100.5
103.9
114.9
115.8
96.6
100.5
117.9
113.6 ' 114. 6 '116.0
114.9
113.8 ' 114. 4
113.7
152.8
132.3
140.0
126. 5
118.0
116.6
113.3 114.2
101.9 ' 102. 8 103.3
101.6
105. 1
103.4
104.3
103.0
104.7
104.1 104.2 '104.4
117.0 ' 117. 3 117.7
116.8
116.9 117.3
116.5
116.4
97.6
96.6 '97.0
96.5
100.5 ' 100. 5 100.4
100.5
Metals and metal products 9
Heating equipment _ _ _
Iron and steel
Nonferrous metals
102.8
92.0
100.5
105. 9
105.7
91.7
101 4
115.2
104.5
91.3
101.4
111.5
104.6
91.4
101.2
111.8
104.8
91.6
101.3
112.3
105.2
91.9
101.4
113.4
105.7
91.6
101.5
115.2
105.9
92.0
101.3
116.2
105.8
91.7
101.5
115.5
106.2
91.9
101.4
116.5
106.2
91.9
101.2
117.0
106.3
91.9
101.2
117.4
106.7
91.6
101.3
118.7
106. 6
91.6
101.7
117.2
' 107. 0 107.4
91.7
'91.5
102.0 102.1
' 118. 3 119.5
do
do
do
do
do
do
do
_do __
101.5
104.2
100.9
108.2
99.0
103.6
92.5
89.0
101. 7
105.1
101 5
104 0
99.9
104 1
92.9
90.0
101. 7
104.8
101.3
106.6
99.0
103.7
92.3
88.8
101.8
104.8
101.2
107.7
99.0
103.8
92.2
88.5
101.9
104.9
101.2
108.4
99.5
103.8
92.2
88.5
101.9
104.9
101.3
108.1
99.8
103.9
92.3
88.5
101.9
104.9
101.3
108.1
100.0
104.0
92.9
89.7
102.0
104.9
101.6
107.5
100.0
104.1
93.1
90.2
101.9
105.3
101.7
105.7
99.9
104. 1
93.0
90.2
101. 6
105.3
101.5
100.6
99.9
104.1
93.2
91.1
101.6
105. 4
101.6
99.9
100.0
104.1
93.3
91.1
101.6
105.4
101.6
99.1
100.5
104.5
93.4
91.1
101.6
105. 4
101.8
98.6
100.8
104.8
93.5
91.1
101.6
105. 6
101.8
97.4
100.9
104.9
93.5
91.1
' 102. 0
105. 6
' 102. 0
' 101. 4
'101.2
105.2
93.7
91.1
102.2
105.7
102.1
101.4
101. 3
105.4
94.1
91.1
Textile products and apparel 9 _ _ __
do
Apparel
_.
_do „
Cotton products
do
Manmade fiber textile products
do
Silk products _ _
__
do
Wool products. _ _ _ _ • •
_ ___do __
101.2
102.8
99.6
95.8
117.3
103.0
101.8
103.7
100 2
95.0
134.3
104.3
101.5
103.1
99.5
96.9
121.6
103.4
101.5
103.1
99.6
96.3
135.5
103.3
101.5
103.1
99.6
96.4
131.4
103.1
101.5
103.1
99.7
96.1
134.5
103.1
101.6
103.2
99.9
96.0
135.1
103.8
101.9
103.6
100.2
95.9
132.2
104.0
101.9
101.9
103. 8 '104.1
100.3 100.4
94.7
95.7
127.6
132.8
104.4
105.0
102.1
104.2
100.6
94.2
134.9
105.2
102.0
104.3
100.8
93.3
140.3
105.4
101.9
104.2
101.0
92.5
142.2
105.4
102.0
104.3
101.2
91.9
143.6
105.4
' 101. 9
'104.6
' 101. 0
'91.3
147.6
' 105. 9
102.0
104.6
101.3
91.1
155.3
105.8
Tobacco prod, and bottled beverages 9 — -do
Beverages, alcoholic
do
Cigarettes
do
Miscellaneous.. _ _
__
_
do _
Toys, sporting goods
do
107.4
100.7
105.6
109.2
101.0
107.7
100.8
105.8
111.0
102.7
107.5
100.5
105.6
110.0
102.1
107.6
100.9
105.6
109.6
102.2
107.5
100.6
105.6
109. 5
102.2
107.8
100.7
106.5
110.3
102.4
108.1
100.8
107.3
108.9
102.5
107.6
100.7
105.6
111.0
102.5
107.6
100.7
105.6
112.6
102.9
107.7
100.9
105.6
111.5
103. 2
107.7
100.9
105.6
111.2
103.1
107.7
100.9
105.6
113.2
103.0
107.9 '108.1
101.3 101.1
105.6
105. 6
114.3
112.5
103.1 ' 103. 2
108.0
101.0
105.6
116.0
103.2
$0.995
.925
$0. 976
910
$0.990
.918
$0.988
.918
$0.987
.917
$0.983
.915
$0. 979
.912
$0.973
.908
$0.972
.907
$0.971
.907
$0. 970
.906
do
do
do _
do
do _.
do
do
_do
do
_ _ _ do -
•_
Nonmetallic mineral products 9
Clay products, structural _
Concrete products
Gypsum products
Pulp, paper, and allied products ...
Paper
Rubber and products
Tires and tubes. ___ __ __ __ _ _
107.6
100.7
105.6
111.5
102.7 '
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
1957-59=$!. 00-.
do
l
' Revised.
? Preliminary
Annual averages computed by QBE.
cf For actual wholesale prices of individual commodities, see respective commodities.
$0.972
.909
O Goods to users, including raw foods and fuels.
$0.966 $0. 961
.901
.904
$0.956
.901
$0. 950
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
March 1966
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
Annual
S-9
1966
1965
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
4,584
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE f
_mil. $_.
66,221
71,738
4,559
4,208
4,924
5,634
6,197
6, 791
6,803
6,838
6,740
6,671
6,432
5,941
5,026
Private, total 9
-do
Residential (nonfarm)
do
New housing units
__
do_ __
Nonresidential buildings, except farm and public utilities, total 9
mil. $
Industrial
do_ __
Commercial
do
Farm construction
do
Public utilities
do
45, 914
26, 507
20, 612
49, 999
26, 689
20, 765
3,256
1,788
1,433
3,033
1,580
1,273
3, 462
1,827
1,398
3,948
2,134
1,559
4, 319
2 371
1,728
4,647
2 630
1 935
4 587
2 591
2 019
4 623
2 527
2 009
4 607
2 450
1 955
4 606
2 370
1*897
4 530
2 283
1 836
4 381
2 138
1 723
3 673
1*831
1 471
12, 998
3,572
5,406
1,221
4,850
16, 521
1,010
274
5,086
417
6 704
94
1 195
338
5,178
1 Oil
306
408
92
324
1 134
359
456
94
379
1 282
376
520
92
409
1 382
440
534
95
435
1 423
440
560
102
456
1 397
422
548
109
454
1 488
'438
615
112
465
1 549
*478
1 605 1 605
478
500
678
682
104
99
487
500
1 635
'575
Public total 9
20, 307
21 739
1,303
1 175 1,462
1 686
1 878
2 144
2 216
2 215
2 133
2 065
1 902
1 560
7,052
474
968
7,144
7,443
414
883
7,386
503
31
57
356
612
30
66
553
658
32
77
645
706
36
83
773
695
38
- 78
870
701
38
674
39
91
784
659
39
82
750
619
36
88
649
63
452
New construction (unadjusted), total
do
Buildings (excluding military)
Residential
Military facilities
Highways and streets
do
do
do __
do
New construction (seasonally adjusted at annual
rates), total
__ mil. $__
Private, total 9
480
27
49
277
550
29
63
441
86
836
646
107
465
640
95
466
3 395
1 629
1 315
d\
1 324
i<
423
538
0\
92
91
379
349
1 353
586
39
1 189
506
542
qc
OA
m
fi\
349
267
7K nqn
68, 823
70, 361
71, 170
71, 411
71 973
71 982
70 638
71 143
72 279
71 802
73 402
75 094
75 498
47, 697
48, 927
49, 414
49 717
50 132
50 317
49 122
49 222
50 167
50 084
51 209
53 445
KO
CKA
KA 4.1 fi
26, 676
26, 713
26, 602
26, 675
27, 070
27 224
26 983
26 621
26 413
26 343
26 243
26 684
27 282
27 490
14, 654
3,712
6,415
1,205
4,824
15, 547
4,478
6,599
1,214
5,075
16, 004
4,969
6,600
1,212
5,207
16, 220
4,775
6 709
1,209
5,181
16 390 16 300
5,416
5 426
6 091 6 199
1 201 1 196
5,034
5 187
15 406
4 907
5 882
l'l88
5 185
15 949
4 973
6 239
1 186
5 142
16 984
5 321
6 977
1 186
5 208
16 923 17 839 19 551 19 171
5 068
5 291 6 250
5 729
7 056
8 017
7* 706
8 97fi
1 185 1 183 l' 182 1 185
5 196
5 412
5 429
5 408
do
21, 126
21, 434
21, 756
21, 694
21 841
21 665
21 516
21 921
22 112
21 718
22 193
21 649
do____
do
do
..do
7, 153
410
785
7,370
7,202
380
776
7,434
7,434
401
912
7,487
7,351
393
888
7,559
7,536
395
887
7,512
7,275
398
834
7,467
7 327
401
980
7 414
7 567
7 638
7 362
7 537
409
832
7 261
7 580
413
967
7 211
7 536
*479
1 025
7 310
7 303
7 253
q 074.
_-
do
Residential (nonfarm)
do
Nonresidential buildings, except farm and public utilities, total 9 _ _
_
-mil. $__
Industrial
_
-do
Commercial
do
Farm construction
do
Public utilities
___
do
Public, total 9
.
Buildings (excluding military)
Residential
Military facilities
Highways and streets
403
910
407
760
01
QAA
7 739
m
0\
/i\
w
1 inn
K /MR
91
flA
7 582
AQfi
' 4RO
(l\
(l\
7 202
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Co.):
Valuation, total
_
mil. $
Index (mo. data seas, adj.)
Public ownership
Private ownership
By type of building:
Nonresidential
Residential
Non-building construction
New construction:
Advance planning (ENR) §
Concrete paVemenlTawards:
Total
Airports
Roads
Streets and alleys..
Miscellaneous
2
47, 299
49 831
3 127
3 223
4 209
4 770
4 864
4 625
4 795
4 265
4 153
4 356
3 745
3 698
3137
144
137
140
141
152
145
139
149
139
147
147
141
153
149
mil. $_. 2
215,371
do ,. 31, 928
16, 330
33 501
1,104
2,023
1,112
2,110
1,348
2,861
1,539
3,231
1,517
3 348
1,553
3 072
1,750
3 045
1,313
2 952
1,332
2 821
1,294
3 061
1,163
2 582
1,304
2 395
1,125
2 249
17 470
21 461
10, 900
1 155
1,273
700
1 060
1,299
863
1,379
1,877
953
1 546
2,139
1,086
I 775
2 074
1,015
1 551
2 080
993
1 691
1 952
1,151
1 507
1 971
1 464
1 756
'934
1 582
1 897
877
1 328
1 696
721
1 433
1 446
819
1 177
1 290
'906
44, 405
45 625
2 614
4 013
3 476
3 322
2 962
4 174
3 215
3 714
3 915
3 895
4 618
5 707
3 384
thous. sq. yds__ 123, 768
do
5,352
do
89, 872
do
25, 578
do
2,967
125, 580
4,410
86, 779
29, 016
5,376
1957-59=100..
do
do___
do
_
_ do
2
2
2
15, 495
20, 561
11, 244
28, 931
623
22, 835
4,837
635
788
34 455
1,601
22, 421
8,991
1,443
3 942
29 147
1 329
20, 831
5,639
1 347
33 048
857
20 692
9, 549
1 950
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total, incl. farm (private and public)
One-family structures.
Privately owned
__ _
Total nonfarm (private and public)
In metropolitan areas
Privately owned
Seasonally adjusted at annual rates:
Total, including farm (private only)
Total nonfarm (private only)
thous— '1,590.7
do
973 0
do
1,557 4
1,542.7
85.6
963 4
51 8
1 505 0 '81 4
87.9
51 5
85 4
124.9
76 7
120.7
154.9
100 2
152.2
162.1
102 3
157 5
162.3
99 9
155 5
r
143.9
138.0
94 1
88 5
141 3 r 134 7
159. 7
114.3
152 8
141.6
95.1
139 0
125.9
80 0
124 3
135.7
87 2
133 6
136.2
94.8
132 g
124.3
87.8
•122 7
133.0
94.8
130 9
'118.3 ' 103. 2
T
71 4 r 59 g
r 102 3
86.2
50 7
83 6
75 1
r
85.2
60.5
82 6
73 6
r 11Q 1
77.9
do
«•!, 563. 7 1, 520. 4
do
"1, 117. 7 1, 067. 4
do __ 1, 530. 4 1 482 7
84.2
'58.9
80.1
87.1
63.4
84.7
123.0
90.7
118.8
152.8
102. 5
150.1
159.8
110.4
155 2
do
do ___
1 442
1,417
1 482
1,468
1 489
1,465
1 552
1,532
1 516
1 501
1 566
1 539
1 473
1,447
1 427
1 409
1 453
1 436
1 411 r i 547 r 1 7QQ
1 380 r 1 531 r i 735
1 584
1 558
1 318
1 293
1,217
692
1,180
677
1,259
741
1,262
709
1,145
644
118
New private housing units authorized by bldg. permits (12,000 permit-issuing places):
Seasonally adjusted at annual rates:
Total
thous__
One-family structures,.
do
1, 286
720
1,242
709
1,280
734
1,224
713
1,269
711
1,187
677
1,240
722
1,254
703
1, 243
704
112
116
113
114
114
114
114
116
116
802
878
888
792
785
824
904
925
814
808
814
892
917
804
804
815
901
917
804
804
815
901
917
804
804
815
901
917
804
803
818
901
917
804
810
820
901
917
804
809
825
907
917
804
809
117. 1 'r101. 6
78.8
75.8
r
r H4 9
r 100 7
1,282
736
r 1, 325
'735
76.4
CONSTRUCTION COST INDEXES
Dept. of Commerce composite
American Appraisal Co., The:
Average, 30 cities
Atlanta
New York
San Francisco..
St. Louis
1957-59 = 100
1913=100do
do
do
do
Associated General Contractors (building only)
123
1957-59=100119
121
121
121
r
2
Revised.
* Not yet available; estimate included in total.
Annual total includes
revisions not distributed to months.
s Computed from cumulative valuation total,
f Revised series. Monthly data for 1962-64 appear in Bureau of the Census report C30-65S.
207-708 O - 66'- 4
r
116
r 117
117
117
r H8
118
827
908
917
804
809
829
908
939
834
809
834
909
940
834
805
835
909
940
834
815
837
840
913
Q4f»
839
821
QO.Q
941
837
817
121
122
124
123
124
124
124
124
124
124
9 Includes data not shown separately.
§ Data for Apr., June, Sept., and Dec. 1965 are for 5 weeks; other months, 4 weeks.
124
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
March 1966
1965
Jan.
Annual
Feb.
Mar.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES-Con.
E. H. Boeckh and Associates: 1
Average, 20 cities:
All types combined
1957-59 = 100
Apartments, hotels, office buildings _do
Commercial and factory buildings
__do
Residences
__
.do
Engineering News-Record:
Building
_ _ _ ___do _
Construction
_do _
Bu. of Public Roads— Highway construction:
Composite (avg for year or qtr )
1957-59—100
113.4
114. 6
113.4
111.6
117. 2
118.5
117.2
115.2
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
116.1
117.5
116.1
114.1
117.2
118.4
117.3
115.0
118.0
119.2
118.1
116.0
118.2
119.4
118.3
116.1
118 4
119. 7
118.5
116.4
118 8
120.0
118.8
117.0
118 9
J20. 1
118.9
117.0
119 5
120.7
119.5
117.6
119 7
121.1
119.8
117.1
116. 1
123. 2
118.9
127.8
116.9
124.7
117.9
126.0
118.0
126.0
117.8
126.0
117.8
126.0
118. 8
127.6
119.1
128.6
119. 5
129. 5
120.1
129.8
120.4
129.8
120. 2
129.7
120.4
130.0
120.5 i 121. 7
130.0 i 131. 2
102 0
105. 7
103.2
106. 7
106 9
106 6
CONSTRUCTION MATERIALS
Output index:
Composite unadjusted?
Seasonally adjusted 9
1947-49—100
do
Iron and steel products, unadjusted
Lumber and wood products unadj
Portland cement unadjusted
do
do
do
127.0
135.4
154.2
151 9
183 2
182.1
113 6
159.6
148.9
171.2
160.3
159.4
165.6
176.6
160.8
170.9
164.1
164.1
145.4
136.2
138.4
93.4
177.4
171.0
134.8
183.4
159.1
179.4
165.9
155.5
207.3
170.0
161.9
233.2
163.6
149 1
236.2
187.5
167 5
246 7
161.6
173 8
224 5
159.8
166 3
235.8
15.1
'194
8.7
18.7
'187
15.1
'165
16.6
'189
15.1
'192
'100
8.6
'95
17.3
'186
'100
16.6
'180
10.4
'113
15. 7
'154
'116
19.2
'175
10.5
'106
443. 58
199. 82
532. 44
216. 46
541. 38
178. 87
515. 58
182. 49
610. 77
217.36
646. 67
217. 21
757.29
244. 70
4,944
102 1
162.7
160.0
542. 46
225. 40
188.9
186 2
164.4
170.0
11.8
'196
68
'107
161 1
131.9
148.9
136.7
131 7
104.9
152.6
4,851
4,747
5,219
5,227
5, 586
5,793
148.3
155.7
' 143. 6 148.0
159.5
188.1
150. 2
REAL ESTATE
Mortgage applications for new home construction:
Applications for FHA commitments
thous. units. _
Seasonally adjusted annual ratesj
do
Reoue^ts for VA appraisals
do
Seasonally adjusted annual rates
do
Home mortgages insured or guaranteed byFed Hous Adm * Face amount
mil. $ 6, 573. 22 7, 464. 59
2, 852. 21 2, 652. 23
Vet Adm * Face amount!
do
Federal Home Loan Banks, outstanding advances
5,997
5, 325
to member institutions, end of period
mil. $..
New mortgage loans of all savings and loan associations estimated total
mil. $
By purpose of loan:
Home construction
- do_ __
Home purchase
_- do
All other purposes
do
New nonfarm mortgages recorded ($20,000 and
under) estimated total
mil $
Nonfarm foreclosures
number
Fire losses (on bldss contents etc )
mil $
9.5
9.7
7.2
'94
14.5
'222
13.3
'219
'100
'105
5.9
89
755. 77
254. 42
714. 36
245. 00
706. 02
242.64
698. 25
227. 87
727. 41
236.31
511. 89
5,770
5,802
5,826
5,724
5,997
5,898
5,739
1,825 '1,996
1,552
8.9
'95
8.4
'97
24,505
23, 847
1,527
1,541
2,056
2,068
2,022
2,399
2,186
2,187
2,079
1,961
6,515
10, 397
7,593
5,921
10, 697
7,229
370
638
519
379
638
524
544
824
688
558
850
660
526
861
635
614
1,099
520
511
490
487
910
564
36 921
108 620
116 664
2,422
8,858
2,396
9,113
9,888
10, 259
9,578
10, 248
9,753
9,521
9,806
1 367 13 1 455 63 136 18
113. 11
138. 63
128. 48
116. 92
119. 54
130. 52
111. 78
115. 44
130
130
122
150
104
77
95
157
136
129
159
104
91
84
161
6.8
6.7
13.6
214
133
126
144
109
78
111
166
686
1,063
603
1,099
577
1,015
574
431
834
560
'491
'866
9,577
9,642
112. 28
124.04
325
639
588
10, 421
108. 72
639
120. 40
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, adj.:
Combined index
1957-59—100
Business papers'
do
N^vsnanprs
~ ~
Outdoor
Radio (network)
Television (network)
do
do
do
do
Television advertising:
Network (major national networks) :
Net time costs total
m^l $
Automotive incl accessories
do
Drugs and toiletries
do
Foods soft drinks confectionery
do
Soaps cleansers etc
do
Smoking materials
do
All other
do
Spot (natl. and regional, cooperating stations) :
Gross time costs total
mil $
Automotive incl accessories
do
Drugs and toiletries
do
Foods soft drinks confectionery
do
Soaps cleansers etc
do
Smoking materials
do
All other
do
Magazine advertising (general and natl. farm magazines):
Cost, total
mil. $.
Apparel and accessories
do
127
120
140
108
58
90
153
125
112
136
103
89
103
157
126
114
142
103
101
92
149
125
114
139
100
82
110
154
130
126
144
100
108
112
155
*114
144
106
99
105
161
'310 5
21.1
105.7
'58 8
28.8
38 4
'57.7
"
'279 2
'17 3
'88.7
'56 6
27.9
'31.0
'57.7
' 269. 2
16.3
91.0
'52.0
26.8
29.3
'53.8
24Q 6
1 145 9 1 260.3
99 1
96 5
409.2
360 6
209 5
234 8
112.0
103 2
146 8
145 4
259.8
229 2
1 016 0
38.5
192 9
352 7
98 5
50.2
283.2
130
121
144
106
90
101
155
273 6
248 3
10.1
51 1
82.7
26 4
10.5
67.5
8.8
9.5
51.9
90.2
22 3
13.2
63.2
48.1
97.7
25 9
13.4
79.1
401.5
44.4
123.9
67.3
28.6
46.7
90.6
91.5
58.8
77.2
94.1
103.4
103.7
86.6
68.7
65.3
117.8
91
10 9
11 9
11 0
90
59
4 4
90.0
10.1
36
120.5
65
16 9
15 2
87
11 5
12 3
11 3
11 6
12 7
94
85
10.1
93
12.0
13.1
12.3
14 3
11.9
11.1
69.3
58. 3
1.9
Beer, wine, liquors
do
71 7
71 5
32
Household eouip supplies furnishings do
50 5
2 6
Industrial materials
do
48 4
21.7
1.2
16.0
Soaps, cleansers, etc
do
41.6
38.3
2.7
Smoking materials
do
365.6
22.5
320.9
All other.
do....
'Revised.
1 Index as of Mar. 1,1966: Building; 122.0; construction, 131.4.
f Copyrighted data; see last paragraph of headnote, p. S-l.
3.7
4.9
6.1
5.9
6.0
4.6
3.2
5.2
11.3
1.7
5.0
1.6
3.4
7.3
8.5
6.5
2.2
3.9
9.2
3.1
1.6
Building materials
Drugs and toiletries
Foods soft drinks confectionery
do
do
do
996.8
61.8
110 7
27.1
108.9
134 8
1, 076. 9
64.8
111 7
30.4
115.9
133 9
1.9
1.4
6.3
3.5
1.8
8.5
30
28
1.9
3.1
28.3
6.6
3.0
9.6
60
33
2.0
3.4
32.1
8.6
3.7
9.7
7 7
4 6
2.8
6.6
3.7
9.4
9 2
49
2.7
2.4
3.1
9.8
61
4 2
1.4
.9
2.4
8.3
38
39
6.6
1.7
8.0
34
3.0
60
8.0
3.2
5.9
2.2
91
5.7
1.7
3.7
3.4
3.5.
3.6
3.3
4.3
38.6
38.8
24.3
32.7
35.2
21.3
33.5
27.5
9 Includes data for items not shown separately.
t Revised seasonally adjusted data for 1958-64 will be shown later.
§ Data include guaranteed direct loans sold.
3.9
7.2
1.2
5.4
3.9
.9
3.4
31.3
64.6
1.7
88
1.6
6.6
7.7
2.4
3.0
2.9
1.1
2.2
26.7
13.8
179
72
SURVEY OF CURRENT BUSINESS
March 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
|
1965
1965
Jan.
Annual
S-ll
Feb.
Mar.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
285.4
62 0
223 4
96
5.4
22 9
185 6
240 0
73 7
166 3
12 8
78
18 8
126 8
Feb.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising linage (52 cities):
Total
...mil. lines.. 2, 973. 5 3, 164. 6
865. 6
Classified"
-do
787.1
Display total
do
2 186 3 2, 298. 9
170.4
Automotive
do
159 7
63.4
Financial
do
60 9
288.5
General
do
292 5
Retail
do.... 1 673 2 1, 776. 7
223. 8
65.2
158.6
10.6
7.3
19.3
121.4
214.5
62.5
152.0
12.0
4.3
19.8
116.0
256.3
71.3
185. 0
14.3
5.4
24.8
140.4
271.8
72.7
199.1
16.6
5.7
25.4
151.4
286.0
79.9
206. 0
16.9
5.0
28.5
155.6
266.0
75.7
190.3
17.3
5.4
24.9
142.7
238.7
74.1
164.6
13.4
5.7
18.2
127.3
261.4
79.1
182.3
13.3
3.9
18.1
147.1
271.9
72.9
198.9
13.2
4.6
27.4
153.8
283, 950
20,581
19,608
21,915
23, 525
23,820
23,825
24,129
22,989
22,732
6 605
4,237
4,047
190
6,608
4,265
4,085
180
7,640
4,977
4,760
217
7,984
5,056
4,796
260
8,144
5,006
4,729
277
8, 362
5,094
4,812
282
8,066
4,821
4,540
281
7,448
4,243
3,984
259
7,082
3,784
3,540
244
8 413
4,994
4,719
275
r
8
r
4
r
r
296.3
78.4
217.9
18.8
5.4
30.6
163.2
292.4
71.8
220 7
14.6
5.2
28.7
172.2
RETAIL TRADE
All retail stores: 1 1
Estimated sales (unadj.), total t
mil. $~ 261,630
25,067 -•25,158
30,601 r22, 060
Durable goods stores 9
do____
Automotive group ..
- do____
Passenger car, other auto, dealers. __ -do
Tire, battery, accessory dealers
do
84 173
48 730
45, 799
2,931
93, 718
56, 266
53, 217
3,049
Furniture and appliance group 9
do....
Furniture, homefurnishings stores — do
Household appliance, TV, radio
do
13,090
8,079
4 199
13,737
8,538
4,223
961
602
292
919
572
277
1,014
638
303
1,015
642
298
1,044
666
312
1,106
708
329
1,129
724
335
1,139
724
347
1,201
712
393
1,272
790
394
Lumber, building, hardware group
Lumber, bldg. materials dealersd*
Hardware stores
.
do
do
do
11 340
8 690
2 650
12, 115
9,302
2,813
725
544
181
681
520
161
808
624
184
973
745
228
1,090
839
251
1, 143
900
243
1,160
916
244
1,119
889
230
1,102
865
237
1 132 r Ir 098
885
846
247
r 252
Nondurable goods stores 9
- Apparel group
.
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
Shoe stores
.
do
do
do
do
do
do
177 457
15 282
3 121
5,944
3,626
2 591
190 232
15, 752
3,258
6, 243
3,680
2,571
13 976 13,000
900
1 081
187
238
367
427
196
236
150
180
14,275
1,049
199
433
230
187
15, 541
1,383
265
538
309
271
15, 676
1,256
256
496
282
222
15, 463
1,208
268
456
275
209
16,063
1,145
236
440
278
191
15 541
1,173
226
443
309
195
do
do
do
__do
do
8,613
19 577
62, 864
57 272
20,269
9,335
21,423
66, 920
61 068
21, 765
718
1,575
5,300
4,868
1,676
694
1,468
4,907
4,482
1,559
733
1,610
5,212
4, 764
1,695
738
1,713
5,436
4,969
1,765
751
1,831
5,496
5,010
1,844
746
1,865
5,477
4,986
1,895
766
2,015
6,043
5,519
1,963
757
1, 984
5,453
4,956
1,926
759
1,856
5,498
5 017
1,820
798
1 878
5,962
5 448
1,884
32,350
20,809
2,402
4,948
6 Oil
35,840
23,421
2,581
5,320
6,305
2,123
1,400
138
298
459
2,025
1,295
151
319
437
2,439
1,583
197
355
452
2,842
1,841
199
436
486
2,809
1,836
194
423
510
2,746
1,806
184
409
497
2, 663
1,731
172
412
542
2,865
1,863
212
426
497
2,962
1,942
223
422
505
3,122 »• 3, 600 r 5, 644 r 2, 365
2,035 r 2 344 r 3 745 r i 555
225
328
'358
'l66
r 484
448
888
310
KflO
r 561
533
826
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
- Gasoline service stations .
General merchandise group 9—
do
Department stores
do
Mail order houses (dept. store indse.) _ do
Variety stores
do
Liquor stores
..
do
390 r 8 976 r 6 967
954 r 4' 835 r 4 289
4, 689
4,516
4 078
••265
319
211
1, 318
'819
r
397
r
1, 619
941
546
••1,089
r 1 881
do
22, 933
23, 168
22,884
22, 829
23, 334
23, 348
23, 658
23 591
23 763
7, 759
4,730
4,487
243
7,841
4, 875
4,626
249
7,597
4,608
4,363
245
7,445
4,472
4,218
254
7,618
4,555
4,295
260
7,691
4,606
4,359
247
7,821
4,743
4,491
252
7,764
4,660
4,402
258
7,770
4,658
4 398
260
7,871 >8 107
4,614 r 4' 776
4 345 r 4 509
269
r 267
Furniture and appliance group 9
do
Furniture, homefurnishings stores _do
Household appliance, TV, radio __do
1,101
709
323
1,038
681
335
1,129
687
339
1,095
675
307
1,090
682
332
1,125
699
334
1,112
722
334
1,136
706
353
1,186
716
389
1 227 r i 233 r 1 207
7«JE
r 756
749
r 366
380
378
Lumber, building, hardware group
Lumber, bldg. materials dealersd71
Hardware stores
do. __
do
do
1 019
788
231
980
755
225
946
730
216
942
724
218
1,004
776
228
1,011
783
228
1,016
782
234
1 002
768
234
1 002
765
237
1 021 T i 074
775
'819
r 255
246
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
15 174
1,301
269
514
300
218
15, 327
1,297
271
510
301
215
15, 287
1, 245
264
496
278
207
15 384
1,242
265
485
289
203
15 716
1,299
271
502
306
220
15 657
1,278
262
501
303
212
15 837
1,315
268
510
326
211
740
1,714
5,305
4,849
1,757
744 " 753
1,729
1,727
5,340 5,392
4,874 4,925
1,771
1,784
762
1 743
5,446
4 981
1,792
755
1 769
5,507
5 031
1,811
760
1 769
5,534
5 053
1,824
2,844
1,867
200
425
507
2,895
1,907
202
435
521
2,862
1,867
211
431
509
2,836
1,847
205
420
516
2,945
1,914
215
450
530
2,894
2, 955
1 885 1 930
211
219
442
443
525
527
Durable goods stores 9
Automotive group
Passenger car, other auto, dealers
Tire, battery, accessory dealers
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
_
do
do
do
do
do
General merchandise group 9 . ..do _
Department stores
do
Mail order houses (dept store mdse.) do
Variety stores
do
Liquor stores
do
775
1 809
5,576
5 081
1,831
24 217 r 24 656 r24 816
r g 252
r 4 953
A 714
239
794
1 818
5 586
5 097
1 827
2,990 3,047
1 963 1 986
211
223
452
448
530
513
816
1 827
5 815
5 298
1,843
r -I
r
c nnq
i 141
*244
464
237
196
'787
r l 715
fOK ftlfi
r
g 298
4*872
4 598
'274
1 197
7KQ
OCQ
i ft7fl 1 14.Q
QQ1
825
245
258
15 827 15 993 16 346 r i6 549 r 1 ft t\RA.
1 306 1 343 1 321 r I 384 T i £4Q
271
276
278
r 280
269
r
Kan
500
508
535
566
r
327
290
344
311
297
213
208
220
r 227
214
779
1 805
5 565
5 075
1,820
818
616
202
r 6 559 r 5 606
r 5 977 r £, 19f\
r
l 889 r 1 808
do
do
do
do
Estimated sales (seas, adj.), total f f
l 049
645
334
1 084
729
355
15 650 16 654 r 16 768 r21 625
1 324 1 360 r i 455 r 2 418
250
r 299
280
*554
r
496
553
602
992
348
310
'341
566
r 213
230
217
306
' 786
T i 747
r 5 577
r 5 072
' 1, 849
r
r i f t 71ft
1 4.01
283
ec7
309
244
r
828
816
1 QR7
r 5 956
5 789
c 97ft
5* 432
r 1 860 r i 838 1 899
r gig
r 1 812
r 5 754
r 5 232
r 1 87^
3 043 r 3 194 r 3 069
1 966 r 2 082
2 019
9fiQ
235
220
r 469
459
433
COO
r 543
531
3 217
2 107
OJQ
447
cft7
Estimated inventories, end of year or month: f
Book value (unadjusted), total t
mil. $.. 30, 181
12,854
Durable goods stores 9
do
Automotive group .. _ . .
-do __
5,578
Furniture and appliance group
do
2,227
2,461
Lumber, building, hardware group, .do
32,903
14, 433
7,189
2,312
2,427
30,486
13,413
6,059
2,226
2,499
31,298
13,907
6,442
2,269
2,523
32,913
14, 688
6,980
2,346
2,628
33,384 33,277
14, 981 15, 098
7,151 7,338
2,416
2,389
2,611 2,611
33, 087
15, 002
7,308
2,383
2,590
32,935
14, 918
7,300
2,338
2,547
32, 743
14, 317
6,615
2,396
2,520
32, 527
13,623
5,945
2,426
2,529
33, 708
14, 016
6,344
2,419
2,526
34, 771 r32 903
14 533 r!4 433
6 772
7 189
2 312
2 502
2,525 2 427
33
14
7
2
2
17, 327
3,432
3,822
5,381
3,174
18, 470
3,677
4,074
5,831
3, 466
17, 073
3,317
3,775
5,323
3,078
17, 391
3,461
3,773
5,525
3,197
18,225
3,770
3,819
5,870
3,422
18, 403
3,779
3,862
5,923
3,465
18, 085
3 631
3,803
5,825
3,378
18, 017
3 638
3, 762
5,855
3,400
18, 426
3 930
3,735
6,025
3,517
18,904
4,141
3,720
6,309
3,693
19,692
4,213
3,892
6,749
4,023
20 238 r!8 470
4 266 3 677
3 982 4*074
6 920 '5 831
4,175 r 3 466
18 180
3 544
3 959
5 933
3 442
Nondurable goods stores 9
...do
Apparel group
do
Food group _
_
_ _ _ do __
General merchandise group
do
Department stores
._
do
31, 130 33, 957 31, 478 31, 635 32, 260
Book value (seas, adj.), total f— —
do
13, 136
14, 782 13, 493 13, 655 14 082
Durable goods stores 9
do
5,882
Automotive group
do
5,645
7,329
5,970 6 334
2,272
2,309 2,344 2,363
2, 359
Furniture and appliance group __ __do __
2,582 2,577 2,571
Lumber, building, hardware group_..do
2,550
2,512
r
Revised.
i Advance estimate.
fRevised series. Data reflect use of new sample
(effective with data for Oct. 1965) based on definitions and classifications according to the
1963 Census of Business (revised accounts receivable data are not presently available). Complete details appear in the Monthly Retail Trade Report, Oct. 1965, available from the Bureau
of the Census, Wash., D.C., 20233.
1fAll seasonally adjusted data for retail sales for the
18, 179
3 709
3,803
5,847
3,419
103
923
541
312
462
32, 546 32, 823 33, 014 33, 088 33, 360 33,045 33, 296 33 533 r33 957 34 113
14 298 14 566 14 546 14 592 14 819 14 621 14, 782 14 774 14 782 14*949
6,513 6,813
6 979
7,213
7 036
7,250
6 900
7 304
7 329 7*315
2,401
2,393 2,335 2 383 2 359 2 398
2,395 2,383 2 393 2,357
2.562 2.563 2. 512 2! 541
2, 538 2. 535
2.525 2.525 2. 507 2,534
period 1959 to date published in the Feb. 1966 and in this issue of the SURVEY will be further
revised and will appear in next month's SURVEY.
9 Includes data not shown separately,
cf Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical
stores.
SURVEY OF CUEEENT BUSINESS
S-12
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
March 1966
1965
Annual
Jan.
Feb.
Mar.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Nov.
18,424
3,903
3,735
6,004
3,503
18, 514
3,848
3,812
6,040
3,542
18, 759
3,867
3,896
6,092
3,608
Dec.
Jan.
r
19, 175
3,871
4,111
r
6, 289
' 3, 718
19, 164
3 844
4,027
6 501
3 803
T
11,996
7,353
Feb.
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail storesf— Continued
Estimated inventories, end of yr. or mo. f— Con.
Book value (seas, adj.)— Continued
Nondurable goods stores 9
mil $__
Apparel group
_ _ _ __do_ _
Food group
do
General merchandise group
do
Department stores
do
17,994
3,613
3,857
5,809
3,410
19, 175
3, 871
4,111
6,289
3,718
17, 985
3, 598
3, 849
5,838
3,404
17, 980
3,608
3,808
5,861
3,430
18, 178
3,740
3,800
5,914
3,436
18, 248
3,749
3,809
5,908
3,455
18, 257
3,762
3,784
5,905
3,447
18, 468
3,810
3,792
6,035
3,541
18, 496
3,842
3,804
6,055
3,575
18, 541
3,899
3,815
6,048
3,553
Firms with 4 or more stores:
Estimated sales (unadjusted), total
75, 610
86, 733
5,735
5,391
6,099
6,794
6,694
6,614
6, 843
6,637
7,219 « 8, 195
p
Firms with 11 or more stores:! i
Estimated sales (unadj.), total 9 1
__ .do _
8, 516
68, 306
73, 438
5,079
4,715
5,370
6,047
5,960
5,898
6,096
5,899
6,092
6,432
' 6, 591
9,275
5,494
do
do
do_ _
do
do
__do_ __
--do
4,287
531
1,622
1,155
2,029
1,677
1,126
4,445
557
1,656
1,168
2,300
1,891
1,193
274
38
98
75
159
133
78
233
30
86
66
155
129
76
297
34
113
82
173
146
92
420
49
150
125
179
153
94
362
47
136
98
181
162
98
351
45
128
97
183
167
103
314
38
120
82
189
170
97
337
36
125
89
183
172
99
376
41
139
106
187
168
102
390
52
145
96
197
169
109
412
53
153
98
196
155
110
679
94
263
154
318
167
135
288
40
102
81
185
163
86
General merchandise group 9
— - - --do
Dept stores, excl. mail order sales
-do
Variety stores
_do
Grocery stores
__do____
Lumber yards bldg materials dealers cf do
Tire battery accessory dealers
do
23, 645
15, 807
3,770
26, 198
26, 112
17, 593
4,096
27, 725
1,527
1,049
1,420
938
236
2,054
1,750
1,176
2,068
1,390
2,188
1,480
2,260
1,522
2, 615
1,743
4,070
2,751
701
2,451 ' 2, 241 2,831
1,707
1,162
2,189
2,032
1,378
315
2,221
2,135
1,431
331
2,338
2,065
1,401
322
2,276
1,982
1,334
220
2,236
1,242
1,312
83
77
92
112
119
123
121
Apparel group 9
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
- Drug and proprietary stores
Eating and drinking places
Furniture and appliance group
do
269
315
2,497
2,142
326
2,249
114
108
121
328
347
386
108
244
2,311
134
93
' 6, 373 ' 6, 445
6 479
do
5,780
5,863
5,900
5,935
6,054
6, 039
6,093
6,156
6,248
6,213
do
do
do
do
do
do
364
45
138
95
169
146
360
46
135
94
176
149
351
43
132
93
183
150
360
47
134
94
186
154
365
47
135
96
187
157
363
45
133
97
189
159
368
46
137
95
192
158
371
47
133
97
194
160
375
47
139
97
199
163
382
49
146
99
203
164
383
46
139
104
203
160
374
45
143
100
206
168
392
49
146
106
199
180
General merchandise group 9
- - --do
Dept stores excl mail order sales
do
Variety stores
do
Grocery stores
- - --do
Lumber vards bids materials dealers cf do
Tire battery accessory dealers
-do
2,059
1,395
323
2,177
2,071
1,398
2,077
1,390
2,056
1,386
317
2,277
2,138
1,424
2,114
1,415
2,170
1,456
2,210
1,500
2,250
1,515
2,199
1,465
2,347
1,582
342
2,294
337
2,302
338
2,306
342
2,303
»• 2, 217
' 1, 516
2,321
2,330
1 564
362
2,378
114
116
120
107
94
123
Estimated sales (seas adj ) total 9 tt
Apparel group 9
Mien's and boys' wear stores
~W omen's apparel accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
-
330
2,218
329
2,245
108
110
107
110
112
108
109
348
353
371
342
2,348 ' 2, 325 ' 2, 499
All retail stores, accounts receivable, end of yr. or mo. :
Total (unadjusted) t
mil $
Installment accounts
do
Department stores:
Ratio of collections to accounts receivable:
Chartre accounts
percent
Installment accounts
do
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales
do
Installment sales
do
49
17
49
18
49
17
48
17
50
18
47
17
48
17
51
18
50
17
49
18
50
18
50
18
50
18
52
18
48
18
43
39
18
43
38
19
43
36
21
43
38
19
43
39
18
43
39
18
43
39
18
44
37
19
44
37
19
44
38
18
42
39
19
42
40
18
43
39
18
46
37
17
43
36
21
EMPLOYMENT AND POPULATION
POPULATION
Population, U.S. (incl. Alaska and Hawaii):
Total, incl. armed forces overseas
_ mil 1 192. 12 * 194. 58
EMPLOYMENT
Noninstitutional population, est. number 14 years
134. 14 136. 24
of age and over, total, unadj
mil
193. 50
193. 68
193. 85
194. 03
194. 20
194. 39
194. 58
194. 80
195. 02
195. 24
195. 44
195. 63
195.81
196. 00
135. 30
135. 47
135. 65
135. 81
135. 98
136. 16
136. 25
136.47
136. 67
136. 86
137. 04
137.23
137.39
137. 56
thous_ _
do
do
_do__
do
76, 971
74, 233
70, 357
4, 761
65, 596
78,357
75, 635
72, 179
4, 585
67, 594
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
80, 683
78,003
73, 716
5,622
68, 094
81, 150
78, 457
74, 854
5,626
69, 228
80, 163
77,470
74, 212
5,136
69, 077
78,044
75,321
72,446
4,778
67, 668
78, 713
75,953
73, 196
4,954
68, 242
78, 598
75, 803
72, 837
4,128
68, 709
78,477
75, 636
72, 749
3,645
69, 103
77,409
74, 519
71,229
3,577
67,652
77,632
74,708
71, 551
3,612
67,939
Unemployed (all civilian workers)
do
Long-term (15 weeks and over)
do
Percent of civilian labor force
Not in labor force
thous__
Civilian labor force, seasonally adj S
do
Employed, total
.
__
do
Agricultural employment
do
Nonagricultural employment
do
Unemployed (all civilian workers)
-do
Long-term (15 weeks and over)
do
Bates: f
All civilian workers _.
___ _ _
Men, 20 years of age and over
Women, 20 years of age and over
B oth sexes, 14-19 years of age
3, 876
973
3,996
845
5.5
59, 603
74, 881
71, 252
4,533
66, 719
3,629
824
4, 218
1, 050
887
3,740
1,019
5.1
59, 039
75, 019
71, 483
4,-588
66, 895
3,536
800
3,552
1,050
4.8
58, 504
75, 302
71, 688
4,769
66, 919
3,614
813
3,335
804
4.4
57, 556
75, 306
71, 816
4,869
66, 947
3,490
715
4,287
762
5.5
55,477
75, 652
72,085
4,651
67, 434
3,567
779
3,602
587
4.6
55, 102
76, 054
72, 618
4,639
67, 979
3,436
685
3,258
612
4.2
56, 310
75, 772
72, 387
4,572
67, 815
3,385
717
2,875
609
3.8
58, 626
75, 611
72,297
4,418
67, 879
3,314
728
2,757
588
3.6
58, 149
75, 846
72, 561
4,551
68, 010
3,285
697
2,966
531
3.9
58, 445
76,111
72, 914
4,273
68, 641
3,197
644
2,888
600
3.8
58, 749
76, 567
73,441
4,486
68, 955
3,126
660
3,290
678
4.4
59,985
76, 754
73, 715
4,429
69, 286
3,039
661
3,158
685
57, 172
3,456
755
4.6
57, 884
4.2
59,930
76, 355
73,521
4,442
69, 079
2,834
579
5.2
3.9
5.2
4.6
3.2
4.5
4.8
3.5
4.5
4.7
3.4
4.6
4.8
3.4
4.6
4.6
3.3
4.4
4.7
3.2
4.8
4.5
3.2
4.4
4.5
3.1
4.4
4.4
3.0
4.2
4.3
2.9
4.2
4.2
2.8
4.3
4.1
2.6
4.0
4.0
2.6
3.8
3.7
2.6
3.6
14.7
13.6
15.2
5.0
3.5
5.1
14.1
14.7
14.0
14.0
13.4
12.9
13.2
13.2
12.3
12.0
10.9
Total labor force, incl. armed forces
Civilian labor force, total
Employed, total
Agricultural employment
Nonagricultural employment
r
5.2
J
5.7
59, 051
75, 066
71, 326
4,608
66,718
3,740
14.5
Revised.
° See note marked "t" on p. S-ll.
As of July 1.
fSee corresponding
note on p. S-ll.
JSee note marked "T' on p. S-ll.
9 Includes data not shown separately.
cf Comprises lumber yards, building materials dealers, and paint, plumbing, and electrical
stores.
12.9
0 Effective with the Feb. 1966 SURVEY, data reflect revised seasonal factors; comparabl
data for earlier periods appear in the Feb. 1966 BLS report, Employment and Earnings an
Monthly Report on the Labor Force, GPO, Wash., D.C. 20402.
1 Unemployed in each group as percent of that group.
SURVEY OF CURRENT
March 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
S-13
1965
1965
Jan.
Annual
1 Feb.
I
Mar.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.p
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls (nonagricultural estab.):f
Total, unadjusted!
tnous..
M anuf acturing establishments
Durable soods industries
Nondurable goods industries
Mining total?
Metal mining
-
-
Crude petroleum and natural gas
58,156
60, 444
58,234
58,341
58, 784
59,471
60,000
do
do
do
17, 259
17,396
17, 473
7,400
7,425
17, 578
in 114.
7,464
17, 659
in 9is
7,441
17, 745
9,813
7,446
17,984
10, 379
7,604
d°
-do
633
79
148
289
628
83
142
282
619
82
147
282
616
82
146
280
615
82
143
279
3,211
4,031
2,800
3,863
2,713
3,917
2,820
3,965
do
60,848
60, 694
60,960
61,515
61, 786
62, 029 '62,660 '61,037
61,120
in 97Q
1 n A 07
18, 027
18,016
18, 211
7,466
7,590
7,600
7,801
18,428
10, 608
7,820
18,412
10, 623
7,789
18,443 '18,415 18,276
10, 686 ' 10, 718 10, 697
7,697 ' 7, 579
7,757
18,418
10 777
7 641
623
83
144
280
629
83
142
282
640
84
142
288
641
84
139
290
640
85
140
288
627
84
136
281
629
83
143
278
631
84
145
279
2,978
3,977
3, 223
4,008
3,412
4,070
3,476
4,083
747
263
749
248
3,575
4,098
3,495
4,112
3,465
4,104
3,375
4,091
738
271
Contract construction
Transportation and public utiliti6ss 9
Railroad transportation
Local and interurban passenger transit
do
do
do
do
3,056
3,947
756
267
737
267
728
273
727
271
729
271
Motor freight trans and storage
Air transportation
Telephone communication
Electric gas and sanitary services
do
do
do
do
920
213
706
614
965
231
737
620
912
220
715
610
913
221
717
609
926
222
722
610
930
224
728
613
946
227
731
614
978
229
740
627
Wholesale and retail trade
- -Wholesale trade
Retail trade
Finance insurance and real estate _
Services and miscellaneous
do
do
do
do
do
12, 132
3,173
8,959
2,964
8,569
9,595
12, 588
3, 263
9,325
3,044
8,907
10, 051
12, 190
3,190
9,000
2,973
8,557
9,836
12, 112
3,182
8,930
2,986
8,604
9,920
12, 167
3,189
8,978
2,999
8,662
9,978
12,418
3,199
9,219
3,012
8,796
10,008
12,437
3,213
9,224
3,029
8,905
10, 024
Total seasonally adjustedf
- - do
M anuf acturing establishments
do _ _
Durable goods industries
do__._
Ordnance and accessories
_ _ _ _ do. __
Lumber and wood products _
do
Furniture and
fixtures
do
Stone clay and glass products _ _ _ do __
Primary metal industries
do
58, 156
17, 259
9,813
247
17,984
10, 379
236
59, 295
17, 638
10,098
231
59, 581
17,703
10, 150
230
17, 762
10, 194
230
60, 032
17, 835
10, 266
231
603
607
603
406
612
1,231
429
621
1,292
614
17, 803
10, 241
229
420
621
1,282
423
619
1,283
425
623
1,284
428
619
1,285
428
613
1,285
Fabricated metal products
do
Machinery
- --do
Electrical equipment and supplies _ _ . do —
1,187
1,606
1,548
1,260
1,714
1,672
1.230
1,663
1,596
1,243
1,669
1,609
1,222
1,678
1,624
1,247
1,683
1,635
Transportation equipment
do
Instruments and related products. _ do
Miscellaneous manufacturing ind
do
1,605
369
398
1,740
385
424
1,670
374
411
1,681
376
414
1, 700
378
416
1,712
379
417
602
606
600
735
270
737
270
628
84
144
'617
615
730
270
'3, 203
4, 087
'733
'273
' 2, 970
' 4, 031
2,830
4 024
1,005
1,001
'993
238
742
622
240
744
618
955
243
745
619
'281
83
143
277
750
252
741
270
986
233
755
634
985
234
756
639
1,001
12,596
3,269
9, 327
3,062
9,008
10, 033
12, 583
3,301
9,282
3,098
9,081
9,716
12,574
3,312
9,262
3,102
9,062
9,698
12,639
3,307
9,332
3,073
9,039
10, 102
12, 736
3,321
9,415
3,066
9,073
10,301
12,960 13, 638 12, 713
3,326
3,345 '3,297
9,634 10, 293 ' 9, 416
3,062 ' 3, 064 ' 3, 049
9,054 ' 9, 046 ' 8, 949
10,413 '10,579 ' 10, 432
60, 290
17, 943
10, 345
234
60, 501
18, 032
10,424
236
60, 756
18, 098
10,494
242
601
602
60, 621
18, 072
10, 476
239
61,001
18, 163
10, 523
243
428
612
1,306
430
618
1,317
427
618
1,318
430
622
1,308
432
624
1,284
61, 472 '61,884 '62,146 62, 404
18,321 18, 429 '18,525 18, 652
10, 615 '10,707 '10,804 10,884
244
243
'250
256
613
'623
6?0
'635
442
435
'447
448
627
636
' 643
636
1,269
1,274 ' 1, 284
1,284
1,251
1,692
1,647
1,259
1,707
1,665
1,269
1,728
1,677
1,263
1,728
1,683
1,269
1,736
1,697
1,274
1,745
1,722
1,294
1,768
1,741
' 1, 300 ' 1, 314
1,771 ' 1, 782
' 1, 769 ' 1, 793
1,323
1,792
1,820
1,722
378
416
1,735
383
415
1,740
389
418
1,781
388
428
1,771
390
428
1,767
392
435
1, 790
394
440
' 1, 805 ' 1, 818
398
'405
446
'433
1,850
407
438
603
236
744
630
601
605
243
745
621
720
273
12 631
3 294
9 337
3 061
9*004
10 537
7,604
7,604
7,706 ' 7, 722 ' 7, 721
7,562
7,640
7,553
7,568
7,569
7,540
7,598
7,608
7,596
7,446
Nondurable goods industries
do
7 768
1,737
1,717
1,761
1,733
1,745 ' 1, 746
1,746
1,729
1,734
1,749
1,733
1,753
1,728
1,723
1,746
Food and kindred products
do
1,749
84
79
81
'84
81
86
86
86
87
88
86
87
80
89
Tobacco manufactures
do
'83
82
920
924
933
928
'937
912
915
914
921
905
909
921
916
'939
Textile mill products
- - do
891
939
1, 351
1,356
1,362
1,369 '1,377 ' 1, 355
1,344
1,334
1,340
1,334
1,346
1,343
1,367
1,345
1,302
Apparel and related products
do
1,390
638
640
646
643
650
632
632
633
631
633
634
641
637
'654
Paper and allied products
do
625
659
977
980
984
990
992
967
969
971
975
963
971
981
Printing, publishing, and allied ind_.do
981
'999
950
1,002
902
910
914
909
'918
892
893
890
894
900
'922
887
911
Chemicals and allied products _ do_
908
877
924
178
178
179
177
178
179
179
178
Petroleum refining and related ind_..do
179
176
177
179
179
177
183
176
464
477
465
469
483
453
457
Rubber and misc. plastics products. _ do
460
460
463
464
466
447
'486
434
486
354
354
357
354
'358
Leather and leather products
do
353
355
353
353
355
352
353
'360
351
361
348
628
632
634
617
627
'632
629
627
622
Mining
do
634
626
633
633
627
633
630
3,211
3,145
Contract construction
_ _
do
3,185
3,211
3,238
3, 186
3 202
3,267 '3 386 '3 379 3 349
3 188
3 195
3 154
3 189
3 056
4,031
Transportation and public utilities
do.. ... 3,947
4,067
4,079
3,985
4,017
4, 013
4,034
4,071
3,926
4,020
4,031
4,079 ' 4, 097 4,094
4,049
12, 588 12 374 12 423 12 460 12 494 12 532 12 580 12 619 12 600 12, 641 12 684 12,754 12 822 '12 906 12 957
12 132
Wholesale and retail trade
do_
3,044
3,061
3,074 '3 082 '3,080
Finance, insurance, and real estate
do
3,013
3,024
3,069
3,003
3,023
3 032
3 053
3 089
3 041
3 049
2 964
8,907
Services and miscellaneous
do
8 967
9 081 ' 9 128 '9 132 9 178
9 019
8 732
8 771 8 794
8 814
8 929
8 843
8 946
8 569
8 857
Government
-.
- do_ __ 9 595 10, 051 9 803 9 841 9 888 9 924 9 955 10 014 10 054 10 085 10, 119 10, 171 10, 269 '10 328 '10,395 10 452
Production workers on mfg. payrolls, unadjusted:!
Total, unadjusted! - - thous.. 12 769 13, 376 12 890 12 956 13 049 13 108 13 180 13 412 13 361 13 540 13 773 13 754 13 770 '13 724 '13 581 13 706
Seasonally adjusted
do._ _
13 116 13 158 13 220 13 238 13 252 13 340 13 405 13 440 13 457 13 507 13 647 ' 13* 731 '13 812 13 917
7,423
8,003
7,481
7,570
7,621
7,379
7,75D
Durable goods industries, unadjusted.. do
7,693
7,701
7,683
7,209
7,887
7,900
7,949 ' 7, 968 '7,935
8,102
7,515
7,476
7,557
7,588
7,599
7,662
7,721
7,769
Seasonally adjusted
._ do
7,781
7,798
7 878 ' 7 955 ' 8, 033
99
102
100
98
97
100
102
118
Ordnance and accessories
do_
106
98
99
106
108
110
' 108 '115
521
532
496
501
518
553
Lumber and wood products...
___do
530
511
531
553
558
550
543
540
' 533 '522
346
350
Furniture and
fixtures
_
do
344
352
353
367
337
350
360
356
355
364
'367
366
367
'368
486
492
471
471
480
492
512
Stone, clay, and glass products
do
497
507
516
499
'489
519
508
500
511
1,049
1,045
1,057
Primary metal industries
_
do
1,002
1,039
1,065
1,066
1, 080
1,076
1, 055
1,085
1,069
1,032
1 017 ' 1 026' 1, 036
487
490
504
B last furnaces , steel and rolling mills do
481
497
493
506
506
459
481
443
484
451
435
437
1,017
946
Fabricated metal products. _ _ _ _ do
927
984
974
976
939
968
979
912
958
1,004
999
1 017 '1 016 1,012
Machinery
do
1,199
1,160
1,168
1,185
1,192
1 204
1,196
1,190
1,206
1 212
1,118
1 212
1 226
1 242 '1 251 1,263
1,259
Electrical equipment and supplies. _ _ d o _ _ _ _
1,146
1,090
1,086
1,098
1,106
1,114
1,132
1,136
1,148
1,038
1,221 ' 1, 241 ' 1, 246
1,180
1,203
1,335
1,241
1,202
Transportation equipment 9
_ _ do
1,204
1,216
1,240
1,244
1,227
1,218
1,144
1,120
1,270
1,314 ' 1, 324 '1,317
1,291
667
Motor vehicles and equipment
do
654
656
664
672
687
666
660
682
678
568
697
706
581
' 706
404
Aircraft and parts
do___.
353
330
335
342
341
350
356
364
'398
336
339
'391
338
369
381
262
Instruments and related products
do
246
260
238
239
256
234
237
240
238
245
247
250
254
254
258
331
Miscellaneous mfg. industries _ _ do
340
'320
312
319
352
303
326
329
336
329
355
365
376
373
319
5,703
Nondurable goods industries, unadj
do
5,511
5,533
5,568
5,559
5,857
5,821 ' 5, 756 ' 5, 646
5,560
5,538
5,662
5,660
5,886 ,5,854
5, 684
5,815
Seasonally adjusted
do
5,640
5,643
5,663
5,671
5,769 ' 5, 776 ' 5, 779
5,650
5,653
5,684
5,678
5,676
5,709
1,076
Food and kindred products
do
1,154
1,093
1,070
1,062
1,232
1,136 '1,091
1,069
1,080
1, 124
1,256
1,266
1,194
1,175
1,146
68
Tobacco manufactures
do
'70
66
64
86
'76
75
71
63
75
77
63
63
78
86
72
830
Textile mill products
do
834
'827
804
816
817
832
835
838
811
816
830
798
798
826
821
1,244
Apparel and related products
do
1,207
1,220 ' 1, 179
1,193
1,182
1,184
1,228
1,166
1,224
1,229
1, 158
1,165
1,229
1,208
1,203
504
504
Paper and allied products
do. _
'509
487
490
505
507
486
486
490
503
506
489
499
499
497
634
Printing, publishing, and allied ind._do
'632
'635
626
630
634
601
609
613
614
613
622
606
616
618
620
547
'544
Chemicals and allied products
do
'543
543
543
529
540
544
529
532
545
551
547
544
548
542
107
Petroleum refining and related ind___do.___
107
108
109
113
111
109
109
114
114
114
108
112
107
107
110
84
Petroleum refining
do
84
85
86
85
85
90
86
86
86
85
87
85
87
87
86
375
Rubber and misc. plastics products. _do
380
378
372
378
353
354
363
369
335
355
354
345
350
358
361
318
Leather and leather products
do
'313
'316
312
316
311
312
302
306
307
311
305
318
310
308
311
' Revised, v Preliminary.
lished figures. Comparable earlier data appear in BLS Bulletin 1312-3, Employment and
tBeginning in the Jan. 1966 issue of the SURVEY, data for employment, hours, earnings, and
Earnings Statistics for the United States, 1909-65, (Dec. 1965), $4.25, QPO, Washington,
labor turnover reflect adjustment to Mar. 1964 benchmarks and the introduction of the 1963
D.C. 20402.
amendments to the 1957 SIC system; they are not strictly comparable with previously pub9 Includes data for industries not shown separately.
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
| 1965
1965
Jan.
Annual
March 1966
Feb.
Mar.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb. *
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Miscellaneous employment data:
Federal civilian employees (executive branch) :
United States
thous
Wash , D C , metropolitan area
do__
2,317
244
2,347
251
2,293
245
Railroad employees (class I railroads) :0
Total
_-do_ .
Index seasonally adjusted
1957-59=100 .
683
75.8
*652
*>73.4
644
642
644
653
663
667
71.7
72.4
649
71.3
73.0
72.7
73.1
73.7
INDEXES OF WEEKLY PAYROLLS!
Construction (construction workers) !_1957-59= 100. .
Manufacturing (production workers) f
do_ _.
Mining (production workers) t ___do
132.5
124.2
93.0
145.3
135.9
96.5
118.8
128.7
92.8
114. 0
129.6
91.3
121.3
131.7
91.7
128.0
130.9
93.5
148.2
133.8
97.5
156.8
136. 7
99.1
162.0
135. 1
98.3
40.7
41.2
40.9
41.2
40.9
41.2
41.2
41.3
3.6
3.3
3.3
40.7
41.0
41.2
41.1
3.1
41.4
41.3
41.0
42.0
41.8
42.1
41.8
42.1
41.7
41.9
42.1
42.0
42.2
41.8
HOURS AND EARNINGS!
Average weekly gross hours per production worker
on payrolls of nonagric. estab., unadjusted:!
All manufacturing estab., unadj.! _ _ _ hours
Seasonally adjusted
-do
Average overtime
do
Durable goods industries
- do
Seasonally adjusted
- __do
Average overtime
- - do
2 289
245
2,295
246
3.5
42.1
42.2
2,306
246
3.1
2,308
246
3.5
2,342
255
3.6
1
251
2,352
251
2, 371
253
2^512
1254
2,375
251
666
656
74.2
74.3
*652
'74.6
*645
'75.1
*645
*75.5
*633
J> 70. 3
70.7
170.2
136.1
100.5
160.7
140.3
97.2
165.3
141.4
99.4
151.2
142.4
97.4
132.4
' 146. 5
143.8 ' 140. 9
••99.4
96.5
142.8
41.0
41.0
41.1
41.0
41.0
40.9
41.3
41.2
41.4
41.4
41.7
41.4
41.7
41.7
42.1
42.0
4.0
41.6
41.7
41.7
41.6
3.9
42.2
42.2
42.6
42.2
'41.2
' 41. 5
'3.7
42.1
42.4
4.1
4.1
'42.7
'40.8
'41.0
41.6
'41.9
40.0
42.7
40.7
41.2
41.6
42.0
' 42. 0
43.8
' 41. 2
42.3
44.0
41.5
2,375
258
3.4
2, 376
256
3.5
2,341
3.8
3.9
631
41.3
41.6
3.7
' 42.2
42.5
3.3
3.9
3.6
3.7
3.8
3.5
4.0
3.7
3.8
4.0
4.2
Ordnance and accessories
- _ do__
Lumber and wood products
__ _ __do
Furniture and
fixtures
do
Stone clay and glass products
do_
Primary metal industries
do
Blastfurnaces steel and rolling mills do
40.5
40.4
41.2
41.7
41.8
41.1
41.9
40.8
41.5
41.9
42.1
41.0
41.3
40.1
40.9
41.0
42.3
41.7
41.1
39.7
41.4
41.1
42.3
41.3
41.4
40.5
41.3
41.2
42.5
41.6
41.0
40.7
40.7
41.3
44.1
45.7
41.6
41.4
40.9
42 A
42.3
41.3
41.8
40.7
41.4
42.3
42.6
41.8
42.2
40.8
-41.0
42.3
42.4
42.0
41.9
41.4
42.0
42.5
41.8
41.0
41.9
41. 0
41.7
42.3
41.7
39.9
42.4
41.4
42.2
42.3
40.9
38.2
42.4
40.8
42.0
42.3
40.7
37.8
42.9
Ml. 2
'42.6
42.2
41.4
38.5
Fabricated metal products. _ _ _ _
_ _ _ do
Machinery
do.
Electrical equipment and supplies
do
41.7
42.4
40.5
42.1
43. 1
41.0
41.7
42.9
40.8
41.9
43.1
40.9
42.3
43.4
41.1
41.4
42.4
40.2
42.3
43.3
41.0
42.4
43.4
41.1
41.7
42.8
40.3
42.0
42.5
40.7
41.9
42.8
40.8
42.4
43.3
41.2
42.4
43.4
41.5
42.6
44.2
42.0
Transportation equipment 9 - - do_ _
Motor vehicles and equipment
do
Aircraft and parts
do
Instruments and related products
do
Miscellaneous mfg . industries
._ do
42.1
43.0
41.4
40.8
39.6
42.9
44 2
42.0
41.4
39.9
43.2
45.1
41.8
41.0
39.5
42.8
44.4
41.5
41.1
39.7
43.3
45.1
41.8
41.2
39.9
42.3
43.6
41.1
40.3
39.2
43.2
44.6
41.9
41.5
39.7
43.1
44.5
42. 0
41.6
39.7
42.1
42.9
41.9
41.2
39.3
41.4
41.6
41.7
41.4
40.0
41. 8
42.3
41.5
41.6
40.0
43.4
44.7
42.3
41.9
40.4
43.9
45.4
43.1
42.0
40.4
44.1
45.3
'43.7
42.0
'40.5
' 43. 4
43.8
'44.0
'42.0
'39.6
43.0
39.8
39.7
40.0
39.7
40.1
Nondurable goods industries, unadj
do
40.2
40.2
40.1
Seasonally adjusted
- do__ .
3.0
2.9
3.1
2.8
2.9
Average overtime
do
40.4
40.5
41.1
40.9
Food and kindred products _._
do
41.0
37.2
37.2
38.8
37.9
37.5
Tobacco manufactures
do_ _
41.4
41.8
41.7
41.7
Textile mill products
_ _ _
_do__
41.0
36.4
36.6
Apparel and related products
_J__do
35.9
37.0
35.9
42.7
42.7
42.9
Paper and allied products
_
_do —
43.1
42.8
38.2
38.4
38.7
38.5
38.6
Printing, publishing, and allied ind
do
41.8
41.5
41.6
41.6
41.9
Chemicals and allied products
do
40.8
41.5
42.2
41.3
41.9
Petroleum refining and related ind
do
41.1
40.7
41.4
41.3
Petroleum refining
_ .
do _
41.8
41.9
41.9
42.0
Rubber and misc. plastics products
do
41.3
42.0
38.2
38.5
38.2
38.3
Leather and leather products _ _
do —
37.9
Nonmanufacturing establishments:!
41.2
41.7
41.7
41.9
42.3
Mining 9
_
do
41.2
41.4
41.4
41.3
41 6
Metal mining
do
39.5
39.3
39.6
a 39 0
° 39 9
Coal mining
do
41.7
42.2
42 5
42.6
42 3
Crude petroleum and natural gas
do
37.2
35.7
36.7
37.4
36.3
Contract construction
do
35.8
35.5
34.8
35 8
General building contractors
do
36 1
39.2
39.2
37.0
40.8
Heavy construction
do
40.8
36.4
35.8
36.0
36.6
36.9
Special trade contractors. ..
do
Transportation and public utilities:
41.4
41 4
41.3
42 0
42 1
Local and suburban transportation
do
42.1
41.6
41.7
Motorfreight transportation and storage do
41.9
42 5
39.9
40.1
39.8
40 2
Telephone communication
do
40 4
41 1
41 3
41 5
41 2
41 4
Electric gas and sanitary services
do
37.5
37.5
37.5
37.9
37 7
Wholesale and retail trade
do
40.6
40.7
40.5
40.7
Wholesale trade
do_
40.8
36.5
36.5
36.5
37.0
36 6
Retail trade
do
Services and miscellaneous:
38.0
38.0
38.4
37.8
Hotels tourist courts, and motels
do
37.9
38.5
38.5
38.3
Laundries, cleaning and dyeing plants do
38.7
38. 8
Average weekly gross earnings per production
worker on payrolls of nonagric. estab.:!
All manufacturing establishments !
dollars. _ 102. 97 107. 53 105. 52 105. 93 106. 71
112. 19
Durable goods industries
_
_ _ do___
117. 18 115. 37 115. 79 117.04
122. 31
Ordnance and accessories.
do
130. 73 127. 62 127. 00 128. 34
85.86
83.41
84.16
88.54
Lumber and wood products.. _ _ _ _ _ _ _ _ _ .do
85. 24
86.32
84.66
84.46
86.53
Furniture and
fixtures
do
87.98
105. 50
Stone, clay, and glass products
_ do
109.78 104.55 105. 22 105. 88
Primary metal industries
do
133. 88 133. 25 133. 67 134. 73
130.00
Fabricated metal products
do
111. 34
116. 20 113. 42 114. 39 115. 48
121. 69
127 15 125. 27 125. 85 127. 16
Machinery
do
105.78 104.04 104.30 105. 22
101. 66
Electrical equipment and supplies
do
Transportation equipment. _
do._ . 130.09 137. 71 137. 38 136. 10 138. 13
Instruments and related products
do___
103. 63
108. 05 106. 19 106. 86 107. 12
Miscellaneous mfe. industries
do. _ _
84.53
84.99
82.37
84.99
84.56
' Revised.
f Preliminary.
« Average for 11 months.
i Includes Post Office employees hired for the Christmas season; there were about 140,000
such employees in the United States in Dec. 1965.
0 Effective Jan. 1965, data reflect change in definition of class I railroads (to $5 million or
39.4
39.9
40.0
40.0
40.2
39.9
40.2
40.0
40.3
40.0
40.2
40.1
40.2
40.1
40.3
40. 3
40.4
40.2
40.1
40.5
40.3
35.6
41.0
35.6
42.2
38.3
42.4
42.4
42.5
40.8
37.0
41.0
37.2
41.6
36.4
43.0
38.5
42.2
42.4
41.9
41.7
38.0
41. 2
37.8
41.9
36.6
43.3
38.5
42.0
42.4
41.6
42.1
38.4
41.9
37.6
41.3
36.5
43.1
38.4
41.6
42.8
41.8
41.7
38.6
41.5
37.9
41.9
36.9
43.3
38.7
41.7
42.7
41.7
42.1
38.4
41.4
39.4
41. 6
36.2
43.3
38.8
42.2
43.5
42.8
42.0
37.8
41.4
39.2
42.1
36.3
43.7
38.6
41.8
42.5
41.9
42.3
37.8
41.3
37.9
42.3
36.4
43.5
38.5
42.0
42.3
42.0
42.4
38.2
'41.4
39.0
42.3
'36.2
43.8
'39.1
42.1
41.7
'41.7
42.8
'39.2
'39.8
'40.2
'3.1
'40.6
38.4
' 41,9
'35.6
42.9
'38.1
' 41. 7
'41.9
'41.8
'42.1
'38.8
41.7
41.5
39.1
42.0
36.7
35.6
39.6
36.3
42.6
42.0
40.0
42.6
38.4
36.8
42.0
37.8
42.6
41.7
41.0
41.9
38.0
36.3
41.7
37.4
42.4
41.9
42.5
38.6
36.9
42.8
37.8
43.2
41.6
40.8
42.9
38.9
37.1
43.4
38.0
42.4
41.9
39.1
42.2
37.1
35.6
40.3
36.5
42.8
41.5
41.4
42.0
38.3
36.6
42.7
37.5
41.8
41.2
37.4
42. 4
36.4
35.1
39.6
35.9
42.8
' 41. 8
41.2
'42.9
'37.1
36.4
38.9
'37.0
42.1
42.3
40.6
42.3
36.5
35.7
39.3
36.2
41.6
41.6
39.8
41.4
37.6
40.6
36.7
42.6
42.2
40.1
41.5
37.6
40.9
36.5
42.6
42.9
39.9
41.1
37.9
40.9
36.9
42.4
42.9
40.6
41.3
38.4
41.0
37.5
42.7
43.2
40.4
41.2
38.3
41.0
37.4
42.3
43.2
41.3
41.7
37.5
40.8
36.5
42.5
43.1
40.9
41.7
37.4
40.9
36.2
42.1
42.4
42.0
41.8
37.1
40.8
35.9
r 42 2
'42.7
'40.5
41 5
37.7
41.2
36.7
41.7
41.7
40.1
41.6
37.1
40.8
35.9
37.8
39.4
37.7
39.6
37.7
39.2
38.9
39.0
38.9
38.6
37.7
38.6
37.9
38.8
37.4
38.2
37.4
38.5
37.4
38.0
105. 82
115. 93
126. 28
86.69
85.06
106. 97
141. 12
113. 02
123. 38
102. 91
134.09
104.38
83.10
107.53
117. 46
128. 96
89.42
85.89
110. 66
134.09
116. 75
127. 74
105. 37
137. 81
107. 90
84.56
107. 79
117. 74
129. 58
88.73
86.94
110. 40
135. 89
117. 02
128. 03
106. 04
137. 49
108. 99
84.96
107. 01
116. 06
131. 66
88.94
86.51
110. 83
135. 68
114. 68
125. 83
103. 97
133. 46
107. 53
83.71
106.45
115. 5!
131. 15
91.08
89.04
111. 78
132. 51
115. 08
124. 95
104.60
130. 82
108. 05
84.80
107.83
117. 18
131.15
90.61
89.24
112. 10
133. 44
116". 48
127. 12
106. 08
135. 01
108. 58
85.20
108.62
118. 72
133. 56
91.49
90.73
112. 94
130.06
118. 30
129. 47
107. 12
141.48
109. 78
86.46
2.7
3.9
3.1
3.1
3.1
3.2
3.5
3.4
4.3
3.4
4.4
3.4
109. 71 110. 92 '110.00
119. 43 120. 98 '119.99
133. 56 136. 85 '134.93
89.76 ' 89. 40 ' 88. 13
90.30 ' 92. 02 ' 88. 15
112.94 ' 112. 25 111. 07
129. 83 132. 48 '135.34
118. 72 '119.71 '118.02
130. 20 133. 48 '132.71
108.32 110. 04 ' 107. 53
144. 87 ' 145. 53 ' 142. 79
110. 88 111. 30 '111.72
86.46 ' 87. 48 ' 87. 12
43.4
42.1
40.2
3.2
40.6
39.2
42.2
36.7
42.9
38.4
41.9
42.1
41.8
41.9
39.2
110. 27
120. 27
134. 93
88.32
88.99
111. 07
135. 66
119. 29
133. 32
108. 73
141.04
111. 99
88.44
more annual railway operating revenues). The index (back to 1963) has been adjusted for
comparability, whereas the number of employees has not.
! See corresponding note, bottom p. S-13.
9 Includes data for industries not shown
separately.
SURVEY OF CURKENT BUSINESS
March 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
| 1965
Annual
S-15
Jan.
Feb.
Mar.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.*
96.24
100.69
85.06
81.02
69.00
115. 83
119.04
122. 77
141.88
110. 62
74.87
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average weekly gross earnings per production
worker on payrolls of nonagric. estab.f — Con.
All manufacturing establishments f— Continued
N endurable goods industries
dollars . _ 90.91
97. 17
Food and kindred products _ .
do
76.05
Tobacco manufactures
do
73.39
Textile mill products
_
do
64. 26
Apparel and related products
do__ _
109.57
Paper and allied products..
do
Printing publishing, and allied ind
do
114.35
116. 48
Chemicals and allied products .
do
133.66
Petroleum refining and related ind. _ do
104. 90
Rubber and misc. plastics products. _ _ _ d o
Leather and leather products
do
68.98
Nonmanufacturing establishments : t
117. 74
Mining 9
do
Metal mining
__
__do__-_ 122. 54
Coal mining
do
126. 82
113. 05
Crude petroleum and natural gras _
do _
Contract construction.
do _ _ 132. 06
General building contractors. _ . _ _
do __ 122. 79
Heavy construction
do
131. 78
Special trade contractors
_ -do _ _ 138. 35
Transportation and public utilities:
Local and suburban transportation
do
104.16
Motor freight transportation and storage-do. . . . 124. 02
Telephone communication
do
105. 32
Electric, gas, and sanitary services
do
125. 25
Wholesale and retail trade
do
74.28
Wholesale trade..- _ __do
102. 56
Retail trade
do
64. 75
Finance, insurance, and real estate:
Banking
do
76. 67
Insurance carriers
_
do
92.01
Services and miscellaneous:
Hotels, tourist courts, and motels
do
49.54
Laundries, cleaning and dyeing plants. ..do
55.73
Average hourly gross earnings per production
worker on payrolls of nonagric. estab.rf
2.53
All manufacturing establishments f
dollars __
Excluding overtimed1
do
2.44
Durable goods industries. .
do
2.71
Excluding overtimed*
do— .
2.60
Ordnance and accessories
do
3.02
Lumber and wood products
do___.
2.11
Furniture and
fixtures
do
2.05
Stone, clay, and glass products.
do
2.53
Primary metal industries
do
3.11
Blast furnaces, steel and rolling mills, .do
3.41
Fabricated metal products
do
2.67
Machinery.
do
2.87
Electrical equipment and supplies. . _do
2.51
Transportation equipment 9
do
3.09
Motor vehicles and equipment.
do
3.21
Aircraft and parts.. _
do
3.02
Instruments and related products
do
2.54
Miscellaneous mfg. industries
do
2.08
Nondurable goods industries.
do
2.29
2.21
Excluding overtimed1-do
Food and kindred products
do
2.37
Tobacco manufactures
_ _do _1.96
Textile mill products
do
1.79
Apparel and related products..
do
1.79
Paper and allied products
____do
2.56
Printing, publishing, and allied hid . d o
2.97
Chemicals and allied products
do
2.80
Petroleum refining and related ind
_do
3. 19
Petroleum refining. _do
3.37
Rubber and misc. plastics products
do
2.54
Leather and leather products.
do
1.82
Nonmanufacturing establishments:!
Mining 9
do
2.81
Metal mining
do__-_
2.96
Coal mining
_do
«3.26
Crude petroleum and natural gas
do
2.66
Contract construction.
do
3.55
General building contractors
do
3.43
Heavy construction __
do
3.23
Special trade contractors _ _ _ _ _ . do _ . _ 3.78
Transportation and public utilities:
Local and suburban transportation
do
2.48
Motorfreighttransportationandstorage.do. _ _ _
2.96
Telephone, communication ,
do
2. 62
Electric, gas, and sanitary services.
do
3.04
Wholesale and retail trade - _
. _ do
1.96
Wholesale trade
._
do
2.52
Retail trade
do
1. 75
Services and miscellaneous:
Hotels, tourist courts, and motels
do
1.29
Laundries, cleaning and dyeing plants —do
1.44
r
Revised.
f Preliminary.
« Average for 11 months.
t See corresponding note, bottom p. S-13.
94.64
99.87
79. 59
77.98
66.61
114. 22
118.12
121. 09
138. 42
109. 62
71.82
92.50
98.98
76.50
75. 76
64.98
111.45
114.60
118. 28
133. 81
108. 52
71.24
92.73
98.17
77.38
76.73
66.61
111. 45
115. 97
118. 56
131. 78
108. 52
71.61
93. 20
98.42
79.24
76.91
67.34
111. 97
117. 26
118.71
134.05
108. 36
71.43
92.20 94.00
98.74 100.45
77.96 81. 10
75.03 76.54
63.72 65.52
109. 72 112.66
115. 67 117. 04
120. 84 120. 69
139. 07 137.80
104.45 107.59
69.56 71.44
94.47
100. 53
83.16
77.52
66.61
114.31
117. 43
120. 96
137.38
109. 46
72.19
94.87
100. 98
82. 72
77.64
66.43
114.65
117. 12
120. 22
139. 10
109.25
71.80
95.11
99.19
78.07
79.19
67.53
115. 18
118.81
121. 35
138. 35
109.88
72.19
95.68
100. 19
78.41
78.62
67.33
116. 48
120. 28
123.65
142.68
110. 46
71.82
95.68
100. 19
77.62
79.99
67.52
117. 12
119. 66
122. 06
141. 10
112. 10
71.82
96.32
100.77
80.35
80. 79
67.70
116.58
118.97
123.06
142.97
111.94
72.58
96.96
'101.84
'83.07
80.79
' 67. 33
117. 82
'121.60
123. 35
'140. 53
'113.42
'74.87
' 95. 52
'100.69
' 82. 56
'80. 03
' 65. 86
115.83
'117. 73
'122. 18
'141.20
'111.14
'74.11
123.52
127.71
137. 38
115. 90
138. 01
128. 16
137. 50
144. 65
120. 51
123. 79
135. 83
115.45
131. 41
123. 19
126. 22
138.96
119. 07
123. 60
135. 88
113.01
131. 38
122. 84
123. 21
139. 26
120. 10
123.90
134. 41
114. 36
133. 96
126. 02
127. 01
141. 23
120. 51
125.33
134. 11
114. 66
132. 49
124. 24
126. 72
139. 76
123. 97
127. 68
138. 40
117. 15
140. 16
129.54
139. 86
147. 04
123. 97
126. 77
142.27
113. 97
139. 08
127. 78
140. 53
145. 86
122. 96
128. 21
134. 46
116. 03
140.50
129. 15
143. 38
147.04
126. 14
127. 71
141. 98
117. 12
143. 15
131. 33
148. 43
148.96
124.66
131.57
135.29
116.47
138. 75
128.52
138.63
145. 27
126. 26
130.31
143. 24
115. 92
144. 01
132. 49
149. 45
150.00
123.73
128. 96
129.78
117.87
136. 14
126.71
135. 83
142. 52
127. 12
'131.67
'142.96
'119.69
'139. 50
132. 13
'131.87
'148. 00
125.88
133. 25
141. 29
120. 56
137. 97
129. 95
132. 83
145. 52
107. 78
130. 48
109. 08
131. 24
76.53
106.49
66.61
104. 49
124.38
106. 53
129. 48
75.00
103, 94
65.34
104. 33
126.77
107.07
130.10
75.00
104.49
65.34
104. 74
128. 41
106. 27
128.64
75.38
105. 01
65.34
106. 50
126. 46
106. 66
130. 00
75.58
105. 15
66.06
109. 06
129.55
107. 87
131. 14
76.33
106.75
66.43
109. 06
131.27
107. 33
129. 47
76.56
105.93
67.16
108. 97
131. 27
108. 40
130. 51
77.95
106. 60
68.25
110. 17
132. 62
108. 27
130.60
77.75
106. 60
68.07
109.56
133.92
112.75
133.86
77.25
106. 90
67.53
110.08
133.18
111. 66
134. 69
77.42
107. 57
67.33
109.04
131. 44
115, 50
135.43
76. 80
108. 12
67. 13
'108.88
'132.37
'112.59
134.05
77. 29
'109.59
67. 90
108.00
128. 85
111. 08
135. 20
77.54
108. 53
67.49
79.24
95.12
78.54
93.87
79.08
94.37
78.70
93.74
79.24
94.49
78. 86
94.86
78.44
94.74
79.24
95.74
79.24
95.86
79. 18
95.86
80.35
95.86
80.35 80. 35
96.49 '96.87
82.28
97.73
51.17
58.98
50.27
56.60
50.54
56.30
50.54
56.98
49.90
59.10
51.65
60.19
50.90
59.58
52.13
59.28
51.74
58.67
51.65
59.06
52.30
60. 14
51. 99
58.83
52.36
59.68
52.36
59.28
2.61
2.50
2.79
2.67
3.12
2.17
2.12
2.62
3.18
3.46
2.76
2.95
2.58
3.21
3.34
3.14
2.61
2.13
2.36
2.27
2.43
2.10
1.87
1.83
2.65
3.06
2.89
3.28
3.47
2.61
1.88
2.58
2.48
2.76
2.65
3.09
2.08
2.07
2.55
3. 15
»3,44
2.72
2.92
2.55
3.18
3.31
3.07
2.59
2.14
2.33
2.25
2.42
2.04
1.83
1.81.
2.61
3.00
2.85
3.24
3.40
2.59
1.86
2.59
2.48
2.77
2.65
3.09
2.12
2.09
2.56
3.16
3.44
2.73
2.92
2.55
3.18
3.30
3.09
2.60
2.13
2.33
2.25
2.43
2.08
1.84
1.82
2.61
3.02
2.85
3.23
3.39
2.59
1.86
2.59
2.49
2.78
2.66
3.10
2.12
2.09
2.57
3.17
3.45
2.73
2,93
2.5fr
3.19
3.33
3.10
2.60
2.13
2.33
2.25
2.43
2.13
1.84
1.82
2.61
3.03
2.84
3.23
3.41
2.58
1.87
2.60
2.50
2.78
2.67
3.08
2.13
2.09
2.59
3.20
3.48
2.73
2.91
2.56
3.17
3.31
3.09
2.59
2.12
2.34
2.26
2.45
2.19
1.83
1.79
2.60
3.02
2.85
3.28
3.46
2.56
1.88
2.61
2.50
2.79
2.66
3.10
2.16
2.10
2.61
3.17
3.43
2.76
2.95
2.57
3.19
3.32
3.12
2.60
2.13
2. 35
2.26
2.45
2.18
1.84
1.80
2.62
3.04
2.86
3.25
3.43
2.58
1.88
2.61
2.50
2.79
2.67
3.10
2.18
2.10
2.61
3.19
3.46
2.76
2.95
2.58
3.19
3.32
3.12
2.62
2.14
2.35
2.26
2.44
2.20
1.85
1.82
2.64
3.05
2.88
3. 24
3.45
2.60
1.88
2.61
2.50
2.79
2.67
3.12
2.18
2.11
2.62
3.20
3.47
2.75
2.94
2.58
3.17
3.29
3.11
2.61
2.13
2.36
2.27
2.41
2.20
1.88
1.82
2.66
3.05
2.89
3.25
3.45
2.62
1.86
2.59
2.49
2.77
2.65
3.13
2.20
2.12
2.63
3.17
3.43
2.74
2.94
2.57
3.16
3.28
3.13
2.61
2.12
2.36
2.26
2.39
2.06
1.89
1.83
2.66
3.07
2.91
3.24
3.43
2.61
1.88
2.63
2.51
2.81
2.68
3.13
2.21
2.14
2.65
3.20
3.49
2.78
2.97
2.60
3.23
3.36
3.15
2.61
2.13
2.38
2.28
2.42
1.99
1.89
1.86
2.69
3.10
2.93
" 3.28
3.48
2.63
1.90
2.63
2.52
2.82
2. 68
3.15
2.21
2.15
2.67
3.18
3.47
2.79
2.99
2.60
3.26
3.39
3.18
2.62
2.14
2.38
2.28
2.42
1.98
1.90
1.86
2.68
3.10
2.92
3.32
3.52
2.65
1.90
2.65
2.53
2.83
2.69
3.15
2.20
2.15
2.67
3.19
3.47
2.80
3.00
2.61
3.30
3.44
3.21
2.64
2.14
2.39
2.29
2.44
2.12
1.91
1.86
2.68
3.09
2.93
3.38
3.59
2.64
1.90
2.66
2.54
2.84
2.70
3.19
2.17
2.16
'2.66
3.20
'3.50
'2.81
3.02
2.62
'3.30
3.43
3.23
2,65
2.16
2.40
2.30
2.46
'2.13
1.91
1.86
2.69
' 3. 11
2.93
'3.37
'3.57
'2.65
1.91
2.67
'2.56
'2.85
'2.72
'3.16
' 2. 16
'2.15
2.67
'3.23
3.54
2.81
'3.03
2.61
3.29
3.40
3.25
'2.66
'2.20
2.40
2,31
2.48
' 2. 15
1.91
1.85
2.70
'3.09
2.93
'3.37
3.55
'2.64
'1.91
2.92
3.07
«3.45
2.74
3.69
3.55
3.37
3.92
2.89
2.99
3.43
2.71
3.62
3.47
3.22
3.86
2.89
3.00
3.44
2.71
3.68
3.53
3.33
3.89
2.88
3.00
3.42
2. 71
3.65
3.52
3.24
3.88
2.89
3.02
3.43
2.73
3.61
3.49
3.20
3.85
2.91
3.04
3.46
2.75
3.65
3.52
3.33
3.89
2.91
3.04
3.47
2.72
3.66
3.52
3.37
3.90
2.90
3.06
2.73
3.64
3.50
3.35
3.89
2.92
3.07
3.48
2.73
3.68
3.54
3.42
3.92
2.94
3. 14
3.46
2.76
3.74
3.61
3.44
3.98
2.95
3.14
3.46
2.76
3.76
3.62
3.50
4.00
2.96
3.13
3.47
2.78
3.74
3.61
3.43
3.97
2.97
'3.15
' 3. 47
2.79
3.76
3.63
' 3. 39
4.00
2.99
3.15
3.48
2.85
3.78
3.64
3.38
4.02
2.56
3. 07
2.70
3.17
2.03
2.61
1.82
2.53
2.99
2.67
3. 12
2.00
2.56
1.79
2.52
3.04
2.67
3.15
2.00
2.58
1.79
2.53
3.05
2.67
3.13
2.01
2.58
1.79
2. 56
3.04
2.68
3.14
2.01
2.59
1.80
2.56
3.07
2.69
3. 16
2.03
2.61
1.82
2.56
3.06
2.69
3.15
2.02
2.59
1.82
2.57
3.06
2.67
3.16
2.03
2.60
1.82
2.58
3.07
2.68
3.17
2.03
2.60
1.82
2.59
3.10
2.73
3.21
2.06
2.62
1.85
2.59
3.09
2.73
3.23
2.07
2.63
1.86
2.59
3.10
2.75
3.24
2.07
2.65
1.87
' 2. 58
'3.10
2.78
3.23
2.05
'2.66
1.85
2.59
3.09
2.77
3.25
2.09
2.66
1.88
1.35
1.52
1.33
1.47
1.33
1.47
1.33
1.48
1.32
1.37
1.35
1.34
1.33
1.37
1.38
1.39
1.40
1.40
1.50
1.52
1.52
1.52
1.55
1.52
1.54
1.53
1.55
1.56
1
d"D erived b y assumi ng that overtime hours are paid it the ra te Of tinie and one-half.
9 Ineludes d£ita for in<iustries u ot showri separat sly.
2.67
2.55
2.85
2.72
3.16
2.17
2.16
2.67
3.23
2.82
3.03
2.62
3.28
3.24
2. 66
2.20
2.40
2.31
2.48
2.17
1.92
1.88
2.70
3.10
2.93
3.37
3.55
2.64
1.91
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
March 1966
1965
Annual
Jan.
Feb.
Mar.
Apr.
May
June
1966
July
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
3.482
5.002
3.486
5.029
3.486
5. 041
3.495
5.055
3.009
3.496
5 064
1 24
3. 520
5. 087
2.994
3.486
5.056
1 09
Aug.
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS-Continued
Miscellaneous wages:
Construction wages, 20 cities (ENR): §
Common labor
$perhr_.
Skilled labor
do
Farm without board or rm., 1st of mo _ do_
Railroad wages (average, class I) - do
LABOR CONDITIONS
Help-wanted advertising, seas. adj.. .1957-59 =100..
Labor turnover in manufacturing estab.: t
Accession rate, total. _mo. rate per 100 employees. _
Seasonally adjusted
do
3. 242
4.733
1.08
2.850
3.415
4.951
1 14
3.307
4.829
1.19
2.995
3.339
4.851
3.339
4.852
3.035
2.970
3.342
4.856
1.18
2.989
3.355
4.886
3.014
3.414
4.969
2 994
3.453
4.992
1.17
3.000
123
155
137
145
148
143
145
146
145
152
160
168
181
186
184
4.0
4.3
2.6
3.9
Separation rate total
do
x
Seasonally adjusted
. do
1.5
Quit
do
1.7
Layoff _. ..
do
Seasonally adjusted
- - .
do
Industrial disputes (strikes and lockouts) :
Beginning in period:
Work stoppages
..
number. _ 3,655
1,640
Workers involved
.thous__
In effect during month:
Work stoppages
- number. _
Workers involved
thous
22, 900
Man-days idle during period
do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placements
. . thous _ 6, 281
Unemployment insurance programs:
1,725
Insured unemployment, all programs©
do
State programs:
13, 938
Initial claims
do
Insured unemployment, weekly avg do
1 605
Percent of covered employment:^
3.8
Unadjusted
.
.
Seasonally adjusted
Beneficiaries weekly average
thous
I 373
2,522
Benefits paid
.
..
mil. $__
Federal employees, insured unemployment,
30
weekly average
thous
Veterans' program (U~CX):
335
Initial claims
do
51
Insured unemployment weekly avg do
Beneficiaries, weekly average
_ _ __do_ __
48
90 2
Benefits paid
mil. $
Railroad program:
155
Applications
thous.
38
Insured unemployment weekly avg do
78.4
Benefits paid
mil. $
3.1
4.0
3.8
4.0
2.4
3.7
3.7
1.3
1.6
1.4
3.5
4.0
2.4
3.1
3.7
1.3
1.2
1.4
4.0
4.3
2.8
3.4
3.8
1.5
1.2
1.4
3.8
3.9
2.6
3.7
4.0
1.7
1.3
1.5
4.1
4.1
3.0
3.6
3.9
1.7
1.1
1.4
5.6
4.5
4.3
3.6
4.0
1.7
1.1
1.4
4.5
4.1
3.2
4.3
4.0
1.8
1.8
1.6
5.4
4.2
3.9
5.1
4.7
2.6
1.6
1.7
5.5
4.5
4.0
5.7
4.4
3.5
1.3
1.3
4.5
4.5
3.5
4.4
4.1
2.2
1.4
1.3
3.9
5.0
2.9
3.9
3.9
1.7
1.5
1.3
'3.1
"•4.9
••2.2
4.0
4.1
1.4
1.8
1.3
*>4.5
*4.8
P3.2
*>3.9
*>3.9
»1.9
»1.2
» 1.1
3,860
1,480
260
107
200
53
350
191
340
128
420
111
450
262
380
138
380
92
280
131
320
96
270
130
'125
25
205
101
23, 100
390
188
1,790
340
153
1,450
500
234
1,760
500
175
1,630
580
174
1,770
670
332
2,520
620
303
3,630
630
222
2,290
515
224
1,950
560
200
1,840
510
185
1,390
335
76
912
335
127
1,000
1.9
1.4
6,473
418
421
491
555
573
610
554
603
644
611
531
462
452
1, 419
2,132
2,065
1,837
1,570
1,259
1,131
1,210
1,178
1,030
982
1,104
1,386
1,736
12, 047
1,328
1,453
1,996
1,100
1,932
1,009
1,718
956
1,470
763
1,179
870
1,059
1,078
1,132
976
1,102
760
959
791
916
1,004
1,033
1,285
1,307
1,399
1,644
4.5
4.0
4.6
o q
3.2
3.4
1 667 1 689 1,631
252.1
245.7 273.4
3.4
3.2
1 373
224.9
2.7
3.0
1,060
165.7
2.4
3.0
941
156.3
2.6
3.0
932
149.5
2.5
3.1
901
148.0
2.2
2.9
834
138.6
2.0
2.7
745
117.8
2.3
2.7
794
132.2
3.0
2.7
990
172.1
3.7
2.7
1,330
212.7
3.0
1 131
2,166
25
34
34
31
27
22
20
22
21
19
20
21
23
29
266
36
34
67.5
30
55
52
8.0
25
53
52
7.6
26
49
48
8.0
21
41
41
6.8
17
33
34
5.3
22
30
30
5.2
26
33
27
4.5
25
33
31
5.2
19
28
27
4.6
16
24
23
3.7
18
25
21
3.7
20
29
24
4.3
20
32
30
4.8
138
30
60 5
16
47
7.8
6
45
7.4
6
39
8.0
5
33
6.2
5
26
4.3
19
21
3.8
30
24
3.5
10
22
3.8
11
24
3.7
7
22
3.6
9
25
3.8
14
27
4.6
31
3,467
9,934
1,976
7,958
3,355 3,337
9fc370 10,439
1,965
2,046
7,405 8,393
3,299
10,358
2,117
8,241
3,314
9,692
2,194
7,498
3,310
10,554
2,250
8,304
3,245
10,406
2,205
8,201
3.392
9,017
1,903
7,114
3,332
9,910
1,834
8,076
FINANCE
BANKING
Open market paper outstanding, end of period:
Bankers' acceptances
_.
mil. $_Commercial and finance co. paper, total....do
Placed through dealers
do
Placed directly (finance paper)
do
3,385
8,361
2,223
6,138
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of period
_..
mil. $__
Farm mortgage loans:
Federal land banks
do
Loans to cooperatives
-___do._._
Other loans and discounts
do____
7,104
8,080
3,718
958
2,428
4,281
1,055
2,745
•4,870.0
',6.
2070
',0.
2830
1050
,6.
1770
,3.
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (225 SMSA's)O.
—bil. $_.
New York SMSA
do___.
Total 224 SMSA's (except N.Y.)
do.__.
6 other leading SMSA'si
do....
218 other SMSA's
do_._.
Federal Reserve banks, condition, end of period:
Assets, total 9
mil. $.
Deposits, total.
Member-bant reserve balances
Member-bank
Federal Reserve notes in circulation
4,621.4 5,135.9
1,925.3 2,138. 5
2,696.1 2,997.4
1,030.8 1,140.9
1,665.3 1,856.5
3,232
9,033
2,239
6,794
3,325
9,077
2,070
7,007
7,223
7,356
7,472
7,607
7,729
7,873
7,988
8,040
8,013
8,007
8,022
8,080
8,206
8,367
3,765
1,020
2,438
3,818
1,037
2,501
1,007
2,576
3,950
978
2,679
4,011
940
2,778
4,058
931
2,884
4,097
935
2,956
4,135
944
2,962
4,171
940
2,902
4,204
1,009
2,794
4,245
1,082
2,696
4,281
1,055
2,745
4,328
1,113
2,766
4,385
1,145
2,837
',4.
4820
1970
,9.
',4.
2850
1070
,7.
1770
,6.
',9.
4950
',7.
2010
',2.
2930
1,115.0
1880
,0.
'5,113.0
'2,151.0
',6.
2920
1,131.0
1,830.0
',2.
4850
1,954.0
',7.
2810
1020
,8.
1780
,8.
',2.
5370
',0.
2380
',1.
3090
1,146.0
1,872.0
',0.
5320
',8.
2210
',2.
3010
1,149.0
1,871.0
',4.
5160
',2.
2180
',1.
3080
1,141.0
1,877.0
',2.
5160
',0.
2140
',2.
3020
1120
,4.
1890
,7.
•5,129.0
•2,061.0
',6.
3080
1,165.0
1,903.0
',0.
5480
',2.
2290
',7.
3180
1,215.0
1,963.0
'5,523.0
',7.
2230
',4.
3290
1,234.0
',1.
2050
5,509.6
2,311. 5
3,198.1
1,218.4
1,979.7
5,605.6
2,341. 7
3,263.9
1,251.2
2,012. 7
60, 573
61,688
61,475
62,632
3,276
8,928
2,143
6,785
60,729
61,914
61,429
63,384
63,504
64, 050 65,371
64,246
63,794
41,159 41,166
657
536
39,100 39,207
13, 670 13, 591
40,619
237
39,049
13, 596
41,704
174
39,774
13,587
41,905
510
39,657
13, 582
42, 789 43,340
137
365
40, 575 40,768
13, 512 13,436
43,085
239
40,565
13,436
42,717
315
40,189
13,432
61,475
62,632
61,914
61,429
63,384
63, 504
64,050
65,371
64,246
63,794
19,625
18, 006
34,974
19, 278
18, 229
35,444
19,304
18,008
35,796
18, 645
17,191
36,021
19,591
18,149
36,319
19, 612
18, 204
36,628
19,163 19,620
18, 050 18,447
37, 408 37,950
20,098
18,751
37,337
19,205
18,014
37,322
40.1
38.6
38.0
37.7
37.4
37.1
35.4
6.0
36.0
65,371
186
37,044
15,075
43,340 38,737 39,422 38,972 40, 071 41,169
304
300
124
545
568
137
40,768 36,741 36,907 37, 591 37, 754
13,436 14,906 14,661 14, 293 14,144 14, 023
.....do..
62,867
65,371
60,729
60,769
60, 573
61,688
-dodo_.
do..
19,456
18, 086
35,343
1Q. 620 19,091
18,447 17,801
37,950 34,646
19,255
17,903
34,562
18,502
17, 277
34,629
19, 557
18,259
34,662
43.0
42.4
40.8
Ratio of gold certificate reserves to FR note
liabilities
percent..
42.7
35.4
r
Revised. v Preliminary.
§ Wages as of Mar. 1,1966: Common labor, $3.520; skilled labor, $5.097.
t See corresponding note, bottom of p. S-13.
© Excludes persons under extended duration provisions.
cf Insured unemployment as % of average covered employment in a 12-month period.
3,384
9,533
2,047
7,486
62,867
Reserve bank credit outstanding, total 9 ..do..
Discounts and advances
_do_.
U.S. Government securities
do_.
Gold certificate reserves.
do..
Liabilities, total9~—
3,392
9,017
1,903
7,114
36.1
0 Total SMSA's include some cities and counties not designated as SMSA's.
1 Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los
Angeles-Long Beach.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
March 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are s^owni in the 1965
edition of BUSINESS STATISTICS
1964
1965
End of year
g-17
1965
Jan.
Feb.
Mar.
Apr.
May
1966
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
21, 959
21, 618
341
490
-149
21, 958
21, 588
370
452
-82
22 715 r 22 750
22, 272 22r 392
443
358
454
402
— 11
—44
Jan.
Feb.
FINANCE—Continued
BANKING- Continued
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held total
mil. $__ i 21, 609 i 22, 715 21, 619
i 21, 198 i 22, 272 21, 217
Recruired
do
402
1411
1443
Excess
--do
299
1243
1454
Borrowings from Federal Reserve banks ___do
103
1168
i—ll
Free reserves
_
do_
Weekly reporting member banks of Fed. Res, System, condition, Wed. nearest end of -yr. or mo.:
Deposits:
Demand, adjustedcf
mil. $.. 68,045 69,688 64,992
102, 574 103, 472 96, 059
Demand total 9
do
Individuals, partnerships, and corp
do__ r _ 73, 654 75, 234 68, 515
5, 396
5,239
State and local Governments
do____
5,355
3,643
4,563
3, 866
U S Government
do
12, 539
12, 429 11,948
Domestic commercial banks
do
66, 881 78, 260 69, 234
Time, total 9
_~
do
Individuals, partnerships, and corp.:
40, 698 45, 362 41, 334
Savings
do
16, 407
21, 258 17,961
Other time
do
102, 227 117,165 101, 060
Loans (adjusted) , totalc?
.
do
42, 119
Commercial and industrial
.
do
50,564 42, 239
For purchasing or carrying securities
do
6,677
6,420 6,368
9,032
8,331
To nonbank financial institutions
do
10, 929
20, 008
22, 570 20, 074
Real estate loans
do
29, 156
Other loans
- _ do _
32,093 28, 517
48, 783 48, 299 48, 145
Investments, total
do
27, 679
U.S. Government securities, total
do
24, 252 26, 516
21, 979
19 502 21, 506
Notes and bonds
do
21, 104
Other securities
do
24,047 21, 629
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas, adjusted:
267.2
Total loans and investments©
_ __bil.$
294.0 269.6
170.2
167.1
191.8
LoansO
-do __
61.4
59.9
U.S. Government securities
do
57.6
39.5
Other securities
- _ do
38.7
44 6
Money and interest rates: §
Bank rates on short-term business loans:
I n 1 9 cities
_
_ _ _ _ _ percent
New York City.
__do
7 other northern and eastern cities
do
11 southern and western cities..
_do
Discount rate (N.Y.F.R. Bank), end of year or
month
percent--
2
2
4. 99
4.75
25.02
25.30
21, 227
20, 790
437
405
32
21, 248
20, 908
340
416
-76
21, 505
21, 146
359
471
-112
21, 476
21, 149
327
505
-178
21, 709
21, 366
343
528
-185
21, 865
21, 516
349
524
-175
21, 620
21, 192
428
564
-136
21, 729
21, 356
373
528
-155
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
64,744
96, 133
68,572
5,270
5,266
10, 965
72, 081
62, 611 63,810
97, 845 103, 551
67, 525 69, 652
5,545 5,410
6,384 8,664
12, 046 12, 401
72, 996 73, 818
64, 179
94, 579
68, 102
4,900
5,022
10, 862
74, 760
63, 505
96, 101
68, 189
5,105
3, 914
12, 566
75, 896
64, 133 65, 014 66,175 69,688
97 048 100 028 101 204 103 472
68, 280 71,348 72,127 75, 234
4,940 5,572 5,429
5,355
5,591 2,442 3 789 3 866
12, 075 13, 692 12, 977 12 429
76, 276 77, 170 77, 662 78, 260
68,220 65, 231
99 647 99 182
72,415 71, 371
5,532 5,531
3 153 3 147
11 982 12 619
78 868 79 600
41, 744 42, 323 42, 149 42, 538 43, 129 43, 429 43, 827 44, 319 44 805 45 094 45 362
18, 359 18, 456 19, 051 19, 679 20, 130 20, 542 20, 990 21, 003 21, 342 21 511 21 258
102, 301 104, 817 105, 229 107, 454 110, 925 108, 551 111, 071 111, 755 112,729 114 741 117 165
43, 343 44, 620 44, 597 45, 270 46, 847 46, 282 46, 987 48, 117 48, 778 49, 167 50, 564
6,151
6,449 6,573 6,803 7,418 5,712
6,224 5,453 5,587
6,482
6,420
8,404
8,897 8,703 9,289 9,830 9,484 10, 289 10, 154 10 058 10 319 10 929
20, 188 20, 326 20, 555 20, 848 21 151 21 368 21 739 22 012 22 231 22 425 22 570
28,860 28,906 29, 975 30, 475 29, 324 30, 226 30, 113 30 553 30 587 31*245 32 093
47, 931 47, 150 47, 440 46, 707 47, 514 47, 244 47 086 47 023 47 769 47 790 48 299
25, 963 24, 965 24, 512 24, 026 24, 254 23, 667 22, 992 22, 830 23 991 24 119 24 252
21, 354 21, 159 20, 843 20, 823 20 619 20 677 20 322 20 202 19 948 19 550 19 502
21, 968 22, 185 22, 928 22, 681 23, 260 23 577 24 094 24 193 23* 778 23 671 24 047
45 015 45 064
22 259 22 961
116 025 116 941
r 50, 462 5l!335
6,429
6,247
r
!0 349 10 385
22 638 99 730
r
31 444 32 140
47 557 46 220
23 942 22 418
18 957 10 OQC
23 615 23 802
272. 1
171.9
60.2
40.0
/25.06
2 4. 83
25.09
25.34
275.5
175.8
59.6
40.1
277.3
177.1
59.1
41.1
279 4
179.5
58.6
41 3
282 8
183 0
57.7
42 1
281 5
182 7
56.4
42 4
286 1
185 8
57.0
43 3
4.99
4.74
5.01
5.31
4.97
4.74
5.00
5.27
286 2
186 2
56.5
43 5
4.00
4 78
&45
4.00
4.00
4.00
4.00
4.00
4.00
A
4.00
A. QQ
5.43
5.43
5.43
5.43
5.43
5 43
5 43
2 5. 76
25.89
5.79
5.95
5.79
5.93
5.72
5.91
5.74
5.89
5.77
5.88
5.76
5.86
5.77
5.86
34.22
4. 38
34.27
3
4. 69
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
4.25
4.38
4.25
4.75
3.954
3
4. 22
3.828
4.06
3.929
4.08
3.942
4.12
3.932
4.12
3.895
4.11
30,312
309
28, 482
380
28, 618
371
28, 955
363
28, 883
356
Total outstanding, end of year or month
mil. $__ 76, 810 85,983 76, 145 75, 741 76, 085
67, 406 59, 342 59, 363 59, 788
Installment credit, total
do
59, 397
24, 521 28, 201 24, 574 24, 743 25, 063
Automobile paper
do
Other consumer goods paper,
do
15, 303
17, 414 15, 204 14, 984 14, 944
3,625 3,473 3,446 3,440
Repair and modernization loans
do
3, 502
Personal loans
do
18, 166 16, 091 16, 190 16, 341
16, 071
By type of holder:
Financial institutions, total
do
51, 990
59, 114 52, 159 52, 352 52, 837
C ommercial banks
__do
23, 943
28, 014 24, 091 24, 246 24, 537
Sales finance companies
do__
14, 762
16, 138 14, 797 14, 782 14, 831
Credit unions
do
6,429 6,465 6,569
6,458
7,512
Consumer finance companies
do
5,078
5,606 5,078 5,101 5,132
Other
do
1,749
1,764
1,758
1,844
1,768
Retail outlets, total
do
7,407
8,292 7,183 7,011 6,951
3,922
Department stores
do
4,488 3,791 3,713 3,673
1,152
Furniture stores _. _
_ _ _ _ d o
1,235 1,128 1, 101 1,085
Automobile dealers
do
377
384
370
373
447
Other
do
1,891 1,820
1,963
2,122
1, 809
Noninstallment credit, total
___do
17, 413
18, 577 16, 803 16, 378 16, 297
Single-payment loans , total
..
do
6, 473
6,940 6,412 6,442 6,518
Commercial banks
do
5,469
5,845 5,409 5,436 5,495
Other financial institutions
do
1.003 1.006
1. 004
1.095
1.023
r
Revised.
i Average for Dec.
2 Average for year.
s Daily average.
cf For demand deposits, the term "adjusted" denotes demand deposits other than domestic
commercial interbank and U.S. Government, less cash items in process of collection; for
loans, exclusive of loans to domestic commercial banks and after deduction of valuation
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
77, 483
60, 803
25, 615
15, 056
3,439
16, 693
Savings deposits, balance to credit of depositors:
N.Y. State savings banks, end of period
mil. $__
U.S. postal savings f
do
4.50
28, 260
390
2 4 Qd.
3
3
291 5
189 8
57.6
44 1
5 00
4.76
5.03
5.31
25.43
4.00
2 A 70
2
5. 45
Federal land bank loans
do
Home mortgage rates (conventional 1st mortgages) :
New home purchase (U.S. avg.)
percent.. 25.78
25.93
Existing home purchase (U.S. avg.)
do
Open market rates, New York City:
3
Bankers' acceptances (prime, 90 days) _ _ do
3. 77
33.97
Commercial paper (prime, 4-6 months)._do
33.83
Finance Co. paper placed directly, 3-6 mo. do
Stock Exchange call loans, going rate
do
34.50
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent __ s 3. 549
3-5 year issues
do _
34.06
288 9
188 0
57.0
43 9
4.00
294 0
191 8
57.6
44 6
297 0
195 0
57.4
44 6
22 232
21 859
'373
478
—105
907 t
195 5
56.3
45 3
5 27
5 08
5 32
5.46
4.00
4.50
4.50
5 43
4.00
5ni
5 43
5 43
5 43
5 43
4.50
5.34
5 43
5.76
5.86
5.75
5.89
5.75
5.87
5.80
5.91
5.78
5.91
5.81
5.97
5.85
5.97
4.22
4.38
4.25
4.75
4.14
4.38
4.25
4.75
4.25
4.38
4.25
4.75
4.25
4.38
4.32
4.75
4.25
4.38
4.38
4.75
4 55
4.65
4.60
4.97
4 75
4.82
4.82
5.07
4 86
4.88
4.88
5.25
3.810
4.09
3.831
4.10
3.836
4 19
3.912
4.24
4.032
4 33
4.082
4 46
4.362
4 77
4.596
4 89
4.670
5 02
28,995
350
29, 272
342
29, 380
338
29, 498
332
29. 785
327
29,845
321
30, 001
317
30, 312
314
30,442
303
30, 574
299
78, 687
61, 739
26, 109
15, 229
3,484
16 917
79, 887
62, 790
26 685
15, 422
3,524
17 159
80, 686
63, 609
27 171
15, 573
3 553
17 312
81, 454
64, 393
27 493
15, 738
3,597
17 565
81, 924
64,846
27 555
15, 954
3 613
17 724
82, 569
65 368
27 766
16 214
3 625
17 763
83, 390
66 012
27 976
16 515
3 638
17 883
85, 983
67 406
28 201
17, 414
3 625
18 166
85, 089
67 157
28 149
17* 287
3 585
18 136
QQ
CONSUMER CREDIT
(Short- and Intermediate-term)
207-708 O - 66 - 5
54, 694 55,666 56, 442 57, 181 57, 570 57 962 58,411 59, 114 59 045
25, 602 26, 154 26 610 26 992 27 210 27 475 27 699 28 014 28 044
15, 158 15, 372 15, 565 15, 721 15, 802 15 876 15, 963 16, 138 16 106
6,871 7,032
7 124 7,235
7 512 7 447
7 310 7 363 7 436
5,243 5,287
5,334 5,387 5,410 5 422 5,465
5,606 5 598
1,820
1 821 1 809 1 846 1 838 1 826 1 848 1 844 1 850
7,045 7 124 7 167 7 212 7 276 7 406 7 601 8 292 8 112
3,745 3,785 3 811 3 847 3 910 3 979 4 101 4 488 4 419
1,076
1,084
1 117 1 138 1 167 1,235
1,090
1,103
1 208
405
417
425
433
447
431
443
438
448
1,819
1,838
1 841 1 831 1 816 1 851 1 890 2 122 2 037
16, 948 17, 097 17, 077 17, 061 17,078 17, 201 17, 378 18, 577 17, 932
6,686 6,776 6,781 6,825 6, 856 6,871
6,903 6,940 6,885
5,628 5,707
5,845
5,793
5 718 5,747
5 776 5 793 5 810
1.095
1.058
1.069
1.063
1.078
1.080
1.078
1.093
1.092
9 Includes data not shown separately.
©Adjusted to exclude interbank loans.
§For bond yields, see p. S-20.
^Monthly data are as of the following dates: 1965—Jan. 29; Feb. 26; Mar. 26; Apr. 23; May
21; June 30; July 16; Aug. 13; Sept. 10; Oct. 8; Nov. 5; Dec. 3; 1966—Jan. 28.
53, 828
25, 117
14, 991
6,739
5,202
1,779
6,975
3,701
1,077
395
1,802
16, 680
6,606
5,572
1.034
S-18
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1965
Jan.
Annual
March 1966
Feb.
Mar. Apr.
May
1966
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FINANCE—Continued
CONSUMER CREDIT— Continued
Total outstanding, end of year or month—Con.
Noninstallment credit— C on tinued
Charge accounts total
mil. $_ i 6, 300
1909
Department stores
- - __do_
i 4, 756
Other retail outlets
do
1635
Credit cards
do
Service credit
do____ i 4, 640
Installment credit extended and repaid:
Unadjusted:
66,070
Extended total
-do
23, 565
Automobile paper
do
19, 162
Other consumer goods paper
do
23,343
All other
______..do
60, 418
Repaid total
__ _
do_
21, 243
Automobile paper
do
17, 625
Other consumer goods paper
-do
21, 550
All other
--- --do
Seasonally adjusted:
Extended total
-do___
Automobile paper
do
Other consumer goods paper
do
All other
do
Repaid total
do
Automobile paper
- -do____
Other consumer goods paper
do
All other
do
i 6, 746
1968
i 5, 055
1723
i 4, 891
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
5,453
647
4, 142
664
4,809
5,528
627
4, 218
683
4,793
5,534
591
4,217
726
4,762
5,498
595
4,149
754
4, 738
5,496
647
4,078
771
4,726
5,645
682
4,221
742
4,685
5,740
725
4,291
724
4,735
6,746
968
5,055
723
4,891
6, 107
74, 527
27,357
21, 334
25, 836
66, 518
23, 677
19, 223
23, 618
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
6,189
2, 384
1,682
2,123
5,253
1,890
1,509
1, 854
6,780
2,608
1,804
2,368
5, 729
2,032
1,611
2, 086
6, 429
2, 465
1,755
2,209
5,610
1,979
1,604
2,027
6,394
2,343
1,769
2,282
5,610
2,021
1,604
1,985
5,992
2,039
1,828
2,125
5,539
1,977
1,612
1,950
6,144
2,263
1,874
2,007
5,622
2,052
1,614
1,956
6,501
2,352
1,979
2,170
5,857
2,142
1,678
2,037
7, 415
2,274
2,632
2,509
6,021
2,049
1,733
2,239
5,501
1,957
1 663
1,881
5,750
2,009
1,790
1, 951
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
6,105
2,215
1,728
2,162
5,435
1,940
1,564
1,931
6,139
2,250
1,717
2, 172
5,537
1, 960
1,587
1,990
6,278
2,301
1,792
2,185
5, 612
1,972
1,612
2,028
6,288
2,313
1,794
2,181
5,679
2,030
1,658
1,991
6,331
2,324
1,834
2,173
5,648
1,996
1,629
2,023
6,306
2,266
1, 883
2,157
5,717
2,028
1,648
2,041
6,405
2,408
1,852
2,145
5,748
2,112
1,666
1,970
6,398
2,393
1,846
2,159
5, 751
2,049
1,695
2,007
6, 452
2,290
1, 962
2,200
5,830
2,054
1,756
2,020
123,376
6,377
9,098
127, 920
-4, 544 —2, 721
11,227
9,606
1,620
13,065
9,566
3,499
10, 492
10, 476
11,857
10, 567
1,290
15, 334
4,981
11, 571
9,696
3,763 -4,714
11, 595
12, 299
-705
855
4,509
743
4,940
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public: d*
Receipts from
- - - __mil. $__ 115, 031
120,340
Pavments to
do
—5,308
Excess of receipts or payments ( — )
do
Seasonally adjusted, quarterly totals:
xtece pt
Excess of receipts or payments ( — )
do
Budget receipts and expenditures:
Receipts total
• - - - ---do
Receipts netK
do
Customs
do
Individual income taxes
do
Employment taxes
-do
Other internal revenue and receipts
do
Expenditures total^f
- do
Interest on public debt
do
National defense
__do_ _
117, 222
88, 696
1, 352
52 334
25 047
17, 106
21, 382
96, 945
11, 039
5 484
52, 261
29 067
124,354
96, 679
1,646
56, 102
27 035
17, 268
22 303
101, 378
11 615
5 151
52, 773
32 582
6,329 11, 329 14, 517
5,642
7,518 11, 188
155
106
76
6,174
4,135
3 688
473
6 759
607
2,810
1,459
399
1,765
2,009
1 560
7,146
8,139
7,676
933
961
966
459
450
478
3,835
4,497
3,987
1 940
2 224
2 349
1 14 3Q
i 46. 08
*4.39
i 15 51
i 46. 26
14.39
14 68
44.24
4.31
319. 88
315. 54
269. 98
14 67
45.57
4.34
317. 70
313. 33
267. 67
14 85
45.66
4.36
10, 220
8,106
966
483
4,372
3 261
4,327
3, 295
153
1,508
625
461
1, 580
8,750
962
486
4,477
2,878
318.24
313. 90
264. 12
14 92
49.78
4.34
316. 75
312. 36
264. 29
15 40
48.07
4.39
318. 90
314. 56
267. 60
15. 18
46.96
4.34
321. 71
317.36
270. 30
15.65
47.05
4.36
10, 586
7,350
4,317
2 486
1,406
2,053
9,070
989
476
4, 949
2 700
319. 22
314. 17
266. 33
14 70
47.83
5.05
317. 27
313. 11
264.46
14 59
48.65
4.16
316.58
312. 20
264. 41
14 39
47.79
4.38
11, 582
7,268
15, 525
13, 404
2,861
2,007
8,116
316. 56
312. 21
267. 81
14 63
44.40
4.35
128
6,067
520
955
450
145
5,324
6,597
10,838
7,091
11, 121 11, 233
-283 -4, 142
30, 518
33, 058
-2,540
12,640
10, 999
159
5,422
4,236
1,120
1,703
9,452
966
474
4,531
3 482
5,070
3,807
137
1,661
727
629
1,915
7,240
1,000
210
3,848
2 261
11,423
8,549
139
6,943
1,187
1,311
1,843
8,268
948
452
4,351
2 526
4, 283 10, 728
12, 599
11, 090 10, 518 12, 312
1,509 -6,234 -1,584
30,454
32, 278
-1,824
32,761
32,291
470
29,873
30,074
—201
Public debt and guaranteed obligations:
Gross debt (direct), end of yr. or mo., total-bil. $... 1317.94 i 320. 90 317. 98
i 313. 55 i 316. 52 313. 68
Interest bearing total
do
i 267. 48 i 270. 26 269. 44
Public issues
- . do
Special issues
_
__do
Noninterest bearing and matureddo.
Guaranteed obligations not owned by U.S. Treasury end of year or month
toil.
$
U.S. savings bonds:
Amount outstanding, end of yr. or mo_—do
Sales, series E and H
__
do
Redemptions
- do _
16
145
5,540
482
2,501
1,918
8,990
10,807
9,553
140
5, 934
3,705
507
4,315
1,508
803
2,107
1,844
9,105
9,426
963
1,005
526
207
'
4, 518 r 5, 091
3, 320
3, 155
7, 137
6,453
136
4,140
682
423
1,756
8,809
1,035
530
4,600
2,717
320.90
316. 52
270.26
15.51
46.26
4.39
322. 00
317.60
273. 24
15.53
44.36
4.40
164
323.31
318. 92
273. 14
45.78
4.39
.81
1.46
.66
.69
.72
.66
.61
.59
.47
.50
.52
.49
.46
.46
.42
.43
i 49. 89
4.61
5.25
i 50. 46
4.49
5.44
49.94
.43
.53
50.01
.39
50.08
.39
.49
50.11
.36
50.15
.36
.46
50.23
.39
.46
50. 26
.37
.45
50.06
.41
.49
.46
50.28
.34
.45
50.36
.37
.41
50.42
.34
.40
50.46
.33
.42
50.44
.47
.65
50.45
.35
.46
1 149 47
150 39
151 03
151 66
152 27
152 92
153 50
154 42
155 19
156 04
156. 89
157.64
158. 70
i 1 96
67
5 59
i 3 77
1 16 32
13 31
i 33 14
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
69 12
5.49
3 75
16.21
3.32
34 03
69.16
5.27
3 72
16.17
3.32
34 32
69.63
5.31
3.65
16.18
3.31
34 77
69.82
5.32
3 61
16.17
3.30
34 98
69.84
5.26
3.58
16.14
3.29
35 07
70.10
5.16
3.54
16.10
3.28
35.48
70.22
5.11
3. 52
16.08
3.28
35.70
74.82
5.06
3.51
16. 05
3. 28
35.54
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 21
4.57
7 31
1.20
7 02
6 67
2 64
3.93
57 00
52 48
4.58
7 36
1 19
7 00
6 74
2 69
3.94
57 38
52 81
4.61
7 41
1.23
6 97
6 75
2.68
3.96
57 66
53 04
4.64
7 46
1.28
7 00
6 80
2 68
4.00
58 02
53 36
4.65
7 51
1.31
7 09
6 96
2 73
4.11
58 41
53 72
4.68
7 55
1.27
7 34
7.07
2.75
4.21
58.82
54.10
4.68
7.59
1.25
7.38
7.13
2.78
4.24
59 28
54.52
4.70
7.62
1.36
7.33
7.13
2.83
4.29
60 02
55.20
4.68
7.67
1.47
7.63
918 5
389.2
842 3 1 059.2
363 7
468.3
75 6
91 9
12 7
15 7
84.2
88.5
143.4
183.6
211.2
162.7
922 0
398.6
82 0
12.9
83.5
162.1
182.9
878. 5
374.3
75 2
12.7
81.2
165.2
169.9
950.2
399.3
80 9
14.8
89.0
162.9
203.3
911.6
388. 0
71 1
12.3
84.6
157.1
198. 5
935.5
400. 4
67 9
12.5
85.5
158. 8
210.4
954.2
398.8
74 6
14.3
86.7
164.5
215.3
918.9
388.8
75 8
13.0
83.5
148.5
209.3
879.4 1,246.3
381.9
480.1
74 8
74 6
12.7
15. 9
85.0
85.3
174.8
148.3
415.7
176.6
1
.43
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies
bil $
Bonds (book value), domestic and foreign,
total
bil $
U S Government
do
State county municipal (U S )
do
Public utility' ( U S )
do
Railroad ( U S )
do
Stocks (book value), domestic and foreign, total
Preferred ( U S )
Common (U S )
do
do
i 7 94
i 2 51
1
5 30
1 EC -1 K
1 Kfl OK
Real estate
do
Cash
do
i 4 53
i 7 14
1 1 49
1
5 26
Payments to policyholders and beneficiaries in
U S total
mil $ 10 757 8 11 416 6
4 533 5 4 831 4
Death benefits
do
nqi i
OQO 7
163 0
160 6
Disability payments
do
961.0 1, 038. 9
Annuity payments.-.do
Surrender values
_
„
__do___ 1, 833. 7 1, 932. 3
Policy dividends. _ _ _
...___._do_._ 2, 370. 3 2, 519. 9
r
Revised.
» Preliminary.
i End of year; assets of life insurance companies are annual statement
cf Other than borrowing.
oa 7
13 5
101.9
163.1
164.1
values.
J Data for net receipts and total expenditures reflect exclusion of certain interfimd transactions.
SURVEY OF CUEEENT BUSINESS
March 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1966
1965
1965
Jan.
Annual
S-19
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance) :
Value estimated total!
- mil. $-. '105,008 U39,816 ' 7, 760 '8,002 '9,948 ' 9, 109 '8,928 ' 9, 443 ' 8, 587 ' 8, 796 ' 9, 707 i'37,675 '9,969 '11,892
Ordinary:}:
_ --do
'73,130 80,582 ' 5, 485 '5,906 ' 7, 332 ' 6, 888 ' 6, 688 ' 7, Oil ' 6, 457 ' 6, 654 ' 6, 700 '6,919 ' 7, 119 ' 7, 423
1,549
1,535
1,478
1,595
1,799
1,537
2,423 130,131
24, 566 i 51, 876 1,722
1,961
2,209
Group and wholesale _ _
do
3,937
595
584
655
626
691
633
7,312
618
605
641
625
553
7,358
Industrial.
--do
532
Premiums collected:!:
Total life insurance premiums.
Ordinary
Group and wholesale
Industrial
.
MONETARY STATISTICS
do
do
do
do
14,385
10,768
2,225
1,391
15, 032
11,250
2,419
1,364
1,208
920
181
107
1,159
878
180
100
1,308
994
209
105
1,204
914
188
102
1,218
924
188
106
1,223
930
195
98
1,254
954
194
105
1,222
915
204
103
1,191
898
193
100
1,264
962
196
106
1,248
934
211
104
1,532
1,026
278
228
7,964
6,010
1,389
565
1,251
953
188
110
Gold and silver:
Gold:
Monetary stock, U.S. (end of period)... mil. $__ 15,388 13, 733 15,185 14, 937 14, 563 14,410 14, 290 13, 934 13,857 13, 857 13,858 13, 857 13, 805 13,733 13, 732 13, 730
124
142
-69
-247
99
-157
Net release from earmark! _
_ do
256
-173
13
43
81
18
-198
-72
-37
Exports
thous. $__ 422, 744 1,285,097 49, 276 95, 766 22,304 58, 637 267,956 126, 407 159, 947 108, 028 126, 324 101, 275 101,335 67,842 10,877
1,562
2,153 17,794
40,888 101, 669
2,062
2,128
1,779
2,465
1,539
Imports __ _
do
2,170
1,888 56, 027 10, 102
3,037
Production , world total
South Africa
Canada
United States
Silver:
Exports
Imports
Price at New York
Production:
Canada
Mexico
United States
mil. $. - 21,395.0
1, 019. 8
do
133.4
do
51.4
do
thous. $__ 144, 121
66,311
do
1.293
dol. per fine oz
87.4
10.8
85.3
9.8
86.8
10.8
88.0
11.3
89.2
10.4
'90.1
10.7
90.8
10.0
91.0
10.5
89.7
10.2
90.4
10.5
10.4
54,061
64,769
1.293
5,023
4,716
1.293
8,280
5,278
1.293
4,476
2,760
1.293
5,302
4,932
1.293
9,273
4,364
1.293
2,101
3,763
1.293
848
3, 917
1.293
4,199
5,716
1.293
1,534
6,104
1.293
4,046
4,722
1.293
5,072
10, 809
1.293
3,908
7,688
1.293
2,299
2,432
4,035
2,358
4,180
4, 452
2,379
2,994
4,599
2,632
3,290
3,527
2, 884
2,903
3,418
2,549
3,838
3, 159
2,507
3,647
3,231
3,043
3,566
2,957
3,016
3 181. 1
4,616
6,475
1.293
1.293
thous. fine oz__
do____
___do
30,316
41, 716
45, 872
44,423
2,577
2,981
3,445
3,871
4,104
3, 625
Currency in circulation (end of period)
bil. $__
Money supply and related data (avg. of daily fig.) :J
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
39.6
42.1
38.5
38.6
38.8
38.8
39.2
39.7
39.9
40.2
40.4
40.8
41.8
42.1
156.3
33.5
122.8
119.4
5.8
162.6
35.2
127.4
137.6
6.4
164.4
34.4
130.1
128.3
4.2
159.5
34.2
125. 3
130.8
5.7
159.0
34.3
124.6
132.7
6.7
161.6
34.5
127. 1
134.0
5.6
157.6
34.6
123.0
135.4
9.7
159.6
34.9
124.6
136. 6
9.3
160.9
35.4
125. 6
138.3
9.1
160.5
35.5
125.0
140.2
7.4
163.2
35.6
127.5
141.4
5.6
165. 8
36.0
129.8
143.5
5.0
167.4
36.5
130.9
144.4
4.0
172.0 '173.0
37.0
36.5
135.0 ' 136. 5
145.3
147.4
4.5
3.7
160.0
34.5
125.5
128. 8
159.7
34.7
125.1
131.0
160.3
34.7
125. 6
132.1
161.1
34.7
126.4
133.5
160.0
34.9
125.1
134.6
161.8
35.0
126.8
135.9
162.5
35.2
127.3
137.6
162.7
35.4
127.3
140.1
164.3
35.6
128.7
141.6
165. 6
35.9
129. 7
143.6
165.7
36.1
129.6
145.5
167.4 ' 168. 4 168.1
36.3 ' 36. 7 36.8
131.2 ' 131. 8 131.2
147.0
148.8
148.0
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
50.9
107.0
36.3
45.5
32.2
49.3
104.9
35.1
44.4
31.1
48.4
99.4
35.5
44.9
31.7
47.2
95.4
35.3
44.1
31.4
47.4
96.3
35.1
43.8
31.4
50.5
104.7
37.0
47.6
32.1
50.6
102.2
37.5
47.7
33.3
50.7
104.5
37.0
47.3
32.7
Adjusted for seas, variation:
Total money supply
do
Currency outside banks.
do
Demand deposits
do
Time deposits adjusted^
___
-do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted:
Total (225 SMSA's) 9 ..ratio of debits to deposits. _
New York SMS A
do
Total 224 SMSA's (except N.Y.)
do
6 other leading SMS A'scf
-- do
218 other SMSA's
-do
44.7
89.5
32.9
41.4
29.2
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes, all industries.
mil. $.. 23, 211
Food and kindred products
. do
1,692
Textile mill products
.„_
__ _ do
507
Lumber and wood products (except furniture)
mil. $_314
Paper and allied products
__
._ do
754
Chemicals and allied products
do
2,857
Pplrolpnm refining
„ ,
do
4,094
Stone, clay, and glass products..
do
681
Primary nonferrous metal.
do
758
Primary iron and steel
do
1,225
Fabricated metal products (except ordnance,
machinery, and transport, equip.)
mil. $__
842
Machinery (except electrical) ...
do
2,001
Elec. machinery, equip., and supplies
do
1,512
Transportation equipment (except motor
vehicles, etc.)
_
_
mil. $
546
Motor vehicles and equipment.
___do
2,808
All other manufacturing industries
..do
2,617
Dividends paid (cash) , all industries
-do
Electric utilities, profits after taxes (Federal Reserve)
__..
____
_mil. $__
Transportation and communications (see pp. S-23
andS-24).
48.4
99.6
35.4
44.9
31.4
6,232
409
151
7,215
454
166
93
216
853
1,088
220
270
411
325
689
455
304
652
471
147
985
651
187
1,057
730
185
468
845
10,810
2,658
2,942
2, 623
2, 385
712
597
50.9
105.6
37.0
47.6
32.5
105
215
789
1,079
253
214
312
244
500
406
167.9
36.3
131.6
148.7
5.1
6,590
522
176
56
185
731
1,061
83
235
388
41.1
626
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total
mil. $
37,122 40,108
3,003
2,333 3,997
By type of security:
2,202 3,842
Bonds and notes, total
do
2,860
34, 030 37,836
637
1,215
727
Corporate
do
10, 865 13, 720
Common stock _
_ _
__d6
84
82
2, 679
130
1,547
Preferred stock.
do
24
412
47
60
725
' Revised.
1
2 Includes $28 bil. coverage on U.S. Armed Forces.
Estimated; excludes U.S.S.R., other Eastern European countries, China Mainland, and
North Korea. 3 Data for Npv.-Dec.
{Revisions for insurance written (total and ordinary) for 1964 and premiums collected for
Jan.-Aug. 1964 will be shown later; those for money supply and related data for 1959-64
appear in the July 1965 Federal Reserve Bulletin.
3,050
3,160
4,297
2,936
2,354
3,029
' 2, 661 '6,340
2,948
3,084
2,887
1,070
127
35
2,712
1,324
384
65
3,988
1,729
154
155
2,814
1,322
78
44
2,262
837
78
15
2,861 '2,537 '6,083
1, 370
'861 ' 1, 142
76
116
165
92
92
8
2,789
1,487
72
86
2,894
1,220
70
119
§ Or increase in earmarked gold (—).
fTime deposits at all commercial banks other than those due to domestic commercial
banks and the U.S. Govt.
9 Total SMSA's include some cities and counties not designated as SMSA's.
cfIncludes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los
Angeles-Long Beach.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
March 1966
1965
1965
Annual
Feb.
Jan.
Mar.
May
Apr.
1966
June
July
2,038
1,443
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission— Continued
Estimated gross proceeds— Continued
By type of issuer:
Corporate, total 9
mil. $__
Manufacturing
do
Extractive (mining)
do
Public utility do_ __
Railroad
do
Communication
_ do
Financial and real estate do
Noncorporate total 9
_ _ do
U S Government ....do
State and municipal
do - New corporate security issues:
Estimated net proceeds total
do
Proposed uses of proceeds:
New money, total
- do_ _.
Plant and equipment
do
Working capital
do
Retirement of securities
do
Other purposes
do
State and municipal issues (Bond Buyer) :
Long-term
_
___do
Short-term.
.__
__do
858
412
11
120
26
22
189
791
212
7
230
39
45
220
24 116
9 348
11 148
1,475
3, 205
2,129
13, 957
3,046
15. 992
5,417
2,760
2 936
2,189
3,856
4 276
23, 165
10, 656
10, 544
421
333
342
284
947
433
811
1,358
555
14
289
47
30
248
1, 646
413
933
1,003
1,233
562
75
212
21
18
251
1,817
390
971
930
364
19
305
13
29
134
1.538
1,045
454
43
228
27
154
206
1,387
2, 260
1,492
1, 424
1,020
1,000
1,055
371
718
1,490
1,773
735
20
275
24
145
373
356
484
14
195
16
99
362
388
435
25
365
26
202
343
••986 '1,398
'287
'424
'28
'169
20
96
'284
'21
242
11
'47
'544
342
984
' 1, 675 ' 4, 942
369 3,463
867 1,018
1,646
1,410
1,302
1,674
492
64
307
14
60
437
331
768
428
21
407
46
127
152
475
1,176
1,746
2,018
1,427
919
1,523
'973 '1,377
1,632
1,395
667
372
146
157
939
680
260
61
213
1,560
1,666
1,168
1,249
'834 ' 1, 183
'584
'480
'355
'598
1,279
1,211
1,003
971
1,020
984
543
13, 792
15 801
850
779
1,343
11, 233
7,003
4,230
13.063
7,712
5 352
1,039
1,805
687
443
244
33
59
1,214
1,014
735
433
137
122
760
572
188
69
91
1,000
991
380
718
557
1 741
700
410
290
54
95
10,544
5,423
11. 084
6,537
811
424
933
533
i 488
1 5, 101
1 i 169
i 4, 132
1
519
534
1 5 543 5,019
1
1 666 1 207
i 3. 706 3,940
5,038
1,254
3,880
5,085
1,264
4,000
5,096
1,207
4,066
5,154
1,208
4,187
5, 139
1,297
4,436
4,887
1,233
3,676
4,908
1, 192
3,771
5,016
1,369
3,609
5,096
1,475
3,552
5,232
1,479
3,661
5, 543
1,666
3,706
5,576
1, 730
3,669
754
996
518
1,046
993
566
55
132
652
651
72
281
489
797
452
130
143
'49
'90
'143
867
397
1,018
'52
665
699
580
136
217
911
300
50
135
768 '1,176
332
'355
804
381
SECURITY MARKETS
Brokers' Balances
(N.Y.S.E. Members Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
mil $
do
Money borrowed
do __
488
501
489
477
515
491
491
539
525
550
534
581
Bonds
Prices:
Standard & Poor's Corporation:
Industrial, utility, and railroad (AAA issues):
95.1
Composite d*
dol. per $100 bond- Domestic municipal (15 bonds)
_ do. . . _ 111.5
93.9
110.6
95.5
114.0
95.5
113.3
95.2
112.0
95.0
112.2
94.7
111.9
94.3
110.8
93.9
110.8
93.5
111.0
92.8
109.3
92.7
108.4
92.3
107.7
91.1
106.3
90.5
106.9
89.5
105. 2
84.46
83.76
84.56
84.40
84.48
84.53
84.58
84.57
84.51
84.00
83.27
82.97
82.22
81. 21
81.15
79.32
3, 794. 22 204. 50
3 288 68 194 12
215. 95
195. 74
321. 07
295. 71
261. 23
257. 53
240. 82
220. 36
303. 79
278. 99
265. 58
248. 19
294.76
256. 23
398.73
332. 00
424. 51
345. 52
373. 10
296. 25
490.17
368. 03
359. 80
287. 99
3. 643. 11
3, 150. 16
195. 35
185. 17
203. 26
185. 24
305.46
282. 15
251. 67
248. 48
230. 16
210. 27
287.04
262. 56
253. 01
235. 86
282. 80
245. 19
389. 95
323. 26
414. 32
336.49
361. 09
285. 05
469.00
350. 45
348. 47
278. 54
2.975.21
196. 84
215. 30
258. 65
214. 56
207. 90
271. 92
191. 64
244. 98
307. 79
290.84
272. 00
302. 78
252.64
4.64
4.57
4.55
4.56
4.56
4.57
4.60
4.64
4.65
4.69
4.72
4.75
4.84
4.89
4.94
4.49
4.57
4.63
4.87
4.43
4.48
4.57
4.80
4.41
4.46
4.54
4.78
4.42
4.48
4.54
4.78
4.43
4.48
4.54
4.80
4.44
4.49
4.55
4.81
4.46
4.52
4.58
4.85
4.48
4.56
4.62
4.88
4.49
4.59
4.65
4.88
4.52
4.63
4.69
4.91
4.56
4.66
4.71
4.93
4.60
4.69
4.75
4.95
4. 68
4.80
4. 85
5.02
4.74
4.83
4.91
5.06
4.78
4.90
4.96
5.12
4.61
4.60
4.72
4.53
4.52
4.66
4.52
4.51
4.62
4.52
4.51
4.63
4.54
4.51
4.64
4.65
4.53
4.64
4.59
4.56
4.66
4.62
4.58
4.71
4.63
4.60
4.73
4.65
4.64
4.77
4.67
4.67
4.81
4.71
4.71
4.83
4.79
4.82
4.91
4.84
4.85
4.97
4.91
4.90
5.02
3.28
3.27
3.04
3.06
3.17
3.10
3.16
3.18
3.15
3.17
3.20
3.19
3.30
3.26
3.25
3.26
3.29
3.25
3.41
3.36
3.40
3.42
3.50
3.47
3.54
3.56
3.54
3.52
3.83
3.63
4.15
4.21
4.14
4.16
4.15
4.15
4.14
4.14
4.15
4.19
4.25
4.27
4.34
4.43
4.43
4.61
17, 682
19, 488
1,385
613
2,623
1,244
487
2,864
1,279
507
2,735
1,333
537
3,881
1, 561
756
___do
do
do
2,805
9,298
3, 154
10, 317
375
408
20
214
175
4
260
251
1,951
121
271
400
19
115
189
1
1,763
122
277
431
21
141
199
4
572
2,504
117
106
180
3
305
1,725
267
392
18
187
428
460
23
326
193
4
- do
do
do
do
1,573
2,035
1,678
2,174
446
768
314
291
146
19
102
24
2
151
9
46
12
112
234
70
67
38
292
153
26
74
22
2
150
6
28
12
115
242
71
74
39
312
152
21
81
23
2
150
9
29
12
114
245
70
76
40
316
153
25
84
26
2
146
7
26
12
118
252
113
81
54
343
156
19
107
25
3
159
9
48
14
7.05
7.70
3.43
3.81
4.57
6.00
7.65
8.48
3.86
4.09
4.90
6.33
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
7.55
8.38
3.83
4.04
4.92
6.31
7.57
8.41
3.84
4.04
4.92
6.31
7.59
8.42
3.88
4.07
4.92
6.31
7.63
8.47
3.90
4.08
4.92
6.31
7.78
8.67
3.96
4.16
4.92
6.31
8.12
9.03
3.99
4.28
4.93
6.57
8.15
9.06
4.02
4.34
4.94
6.59
8.18
9.10
4.03
4.35
4.94
6.59
8.22
9.16
4.03
4.35
4.94
6.59
U.S. Treasury bonds, taxable^..
...do
Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
mil. $
2, 882. 48
2 640 74
New York Stock Exchange:
2, 782. 80
]V4arket value
do
2, 542. 26
Face value
do
New York Stock Exchange, exclusive of some
2, 524. 50
Yields:
4.57
Domestic corporate (Moody 's)^
percent. .
By rating:
4.40
Aaa
--do
4.49
Aa .
..._--_-_
do
4.57
A
—do
4.83
Baa .
do
By group:
4.52
Industrials
_ __
do
4.53
Public utilities
_ do
4.67
Railroads
do
Domestic municipal:
3.20
Bond Buyer (20 bonds)
do
3.22
Standard & Poor's Corp. (15 bonds)
do
U.S. Treasury bonds, taxable©
do
250. 95
Stocks
Cash dividend payments publicly reported:
Total dividend payments
mil. $ Finance
Manufacturing
__ _
Mining
Public utilities:
Communications
Electric and gas
Railroads
-_ _
Trade
--
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. _ _
601
422
680
268
637
235. 08
250. 31 250. 34 248. 21 245. 38
Price per share, end of mo., composite
_do___
258. 55
284. 32 280. 74 278. 19 274. 90
Industrials
do _
108. 76
117. 08 119. 00 118. 81 118. 85
Public utilities
_do___
94.62
94.16
94.01
95.06 95.52
Railroads
do.__
1
' Revised.
End of year.
9 Includes data not shown separately.
cT Number of bonds represented fluctuates; the change in the number does not affect the
continuity of the series.
253. 28 249. 78 238.93 242. 16 246. 50 254.52 260. 91 255. 62 258. 09 257. 90 252. 36
287. 13 282. 16 269. 18 273. 38 279. 07 290.30 301. 00 296. 07 299. 67 300. 28 293. 20
119. 57 118. 21 114. 22 114. 76 115.46 116. 95 118. 38 115. 84 114.86 111.34 106. 81
95.11 99.69 102. 30 103. 46 109. 88 110. 59
86.23 90.93 94.36
94.11 90.22
^ Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
O For bonds due or callable in 10 years or more.
SURVEY OF CUERENT BUSINESS
March 1966
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
S-21
1965
1965
Jan.
Annual
Feb.
Mar.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields and earnings, common stocks
(Moody's):
Yields, composite
percentIndustrials
__do
Public utilities
--do
Railroads
do
N Y banks
- - - __do __
Fire insurance companies
do
Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Railroad (20 stocks)
:
___
Standard & Poor's Corporation :cf
Industrial, public utility , and railroad:
Combined index (500 stocks)
1941-43=10Industrial, total (425 stocks) 9 __ do _
Capital goods (122 stocks)
do
Consumers' goods (188 stocks)
do
Public utility (50 stocks) _ _ _ _ _ . d o _
Railroad (25 stocks) _ _
__ _do__ __
Banks:
New York City (10 stocks)
do—
Outside New York City (16 stocks)
do
Fire and casualty insurance (22 stocks) do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil. $
Shares sold
__ .millions. _
On New York Stock Exchange:
Market value
mil. $
Shares sold (cleared or settled)
.millions
Exclusive of odd-lot and stopped stock sales
(N.Y.S.E.; sales effected)..-— .millions. _
Shares listed, N.Y. Stock Exch., end of period:
Market value, all listed shares
bil. $
Number of shares listed
..
millions
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
3.15
4.05
2.97
2.50
3.06
2.98
3. 30
4.30
3.33
2.74
14.39
5.41
6.97
16 45
5 92
8.11
4.32
4.33
4.18
4.22
4.26
4.28
4.30
4.38
4.38
4.34
4.32
4.38
294. 23
834. 05
146.02
204. 36
318. 50
910. 88
157. 88
216. 41
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
302. 72
878. 06
154. 93
195. 79
303. 66
873. 43
155. 71
199. 51
312 37
887. 70
155. 44
214. 21
321. 61
922. 18
157. 51
218. 86
330 89
944 77
157. 19
231. 09
81.37
88.17
86. 12
86.75
86.83
87.97
89.28
85.04
84.91
86.49
89.38
91.39
86.19
76.34
73.84
69.91
45.46
93.48
85.26
81.94
76.08
46.78
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
90.19
81.62
80.04
74.19
42.52
89.92
80.54
78.80
74. 63
43.31
91.68
83.25
80.23
74.71
46.13
94. 93
86. 91
82.34
76.10
46.96
97.20
90. 28
83.90
76.69
48.46
39.64
77.54
67.20
38.92
71.35
64.17
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
37.17
68.47
62.54
38.18
70.22
60.95
38.96
70.98
60.75
40.43
72.74
60.79
72, 147
2,045
89, 213
2,587
5,959
179
6,330
182
7,198
217
6,696
199
6,580
198
6,911
187
5,655
154
5 951
163
60,424
1,482
73, 200
1,809
4,918
127
5,291
131
5,979
152
5,508
136
5,366
133
5,819
136
4,783
116
1,237
1,556
109
112
125
119
110
128
474.32
9,229
Earnings per share (indust., qtrly. at arm. rate;
pub. util. and RR. , for 12 mo. ending each qtr.) :
Industrials
dollars
Public utilities
do __
Railroads
_ _ _ _
do
Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp.)
_
percent-
3.01
2.96
3.14
4.26
3.25
2.55
3.00
2.98
537. 48
10, 058
491. 85
9,292
493. 48
9,336
490. 25
9,481
506. 58
9,516
503. 54
9,647
478. 83
9,785
2.97
2.92
3.13
4.22
3.08
2.56
15.90
5.51
6.79
3.16
3.11
3.35
4.69
3.51
2.84
3.13
3.08
3.35
4.44
3.38
2.86
3.08
3.02
3.36
4.31
3.25
2.90
3.00
2.92
3.33
4.29
3.17
2.94
2.98
2.88
3.35
4.17
3.43
2.96
3.18
3.05
3.44
4.18
3.51
2.94
3.17
3.03
3.62
3 96
3.55
2.70
3.26
3 12
3 77
3 93
3 78
2 79
4.47
4.51
4.63
335 45 337 09
953. 31 955 19
157. 11 152. 00
238. 11 245.33
346. 95
985. 93
151. 26
255. 52
92.15
91.73
93.32
92. 69
98.02
91.62
83. 75
76. 72
50.23
97.66
91.42
83.31
75.39
51.03
99.56
93.35
84.28
74.50
53.68
99 11
93 69
83.48
71 87
54 78
39.68
71.68
58.58
37.19
69.26
59. 56
37.71
70.27
66.13
37. 24
70.93
67.86
36.10
70.51
66.98
7,993
222
9 664
279
8,592
262
11,683
345
11, 022
304
4 937
120
6,662
165
7 857
199
6,879
163
9,200
231
8,651
206
85
109
155
164
147
191
183
166
487. 85
9,829
500. 62
9,863
517. 67
9,931
532. 83
9,984
530. 77
10, 013
537. 48
10, 058
542. 75
10, 136
535. 38
10, 180
17.20
5.68
6.91
14.60
5.82
'7.17
3.16
3.02
3.50
4 19
3.51
2.63
18 10
5 92
8 11
4.41
347
977
145
264
42
15
87
99
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
»
Value
Exports (mdse.) , incl. reexports, totalQ
Excl. Dept. of Defense shipments
Seasonally adjusted
By geographic regions:A
Africa
_ .
Asia
Australia and Oceania
Europe
Northern North America
Southern North America
South America
By leading countries:
Africa:
United Arab Republic (Egypt)
Republic of South Africa
Asia; Australia and Oceania:
Australia, including New Guinea
India
Pakistan
Malaysia
Indonesia
Philippines
Japan
Europe:
France
East Germany
West Germany
mil. $._ 26,488.8 27,346.2 1,247.3 1,598.2 2,973.5 2,611.5 2,427.9 2,335.6 2, 244. 8 2, 188. 3 2,163.0 2, 444. 0 2, 505. 4 2,606.5 2,132.5
25,670.6 26, 567. 1 1,188.0 1,513.6 2,891.1 2,528.3 2,381.0 2,218.9 2, 172. 1 2, 123. 5 2,140.2 2,419.5 2, 440. 4 2, 550. 5 2, 132. 5
_.do
1,214.6 1,598.8 '2,754.8 2,379.6 2,260.2 2,230.2 2,255,5 2,332.9 2,324.1 2,341.6 2,408.2 2,355.8 2,248.6
do
'1,222.5 1,224.1
do
'5,233.7 5,495.8
do
' 750. 1
850. 7
do _
'8,326.7 8,851.6
do
do
do
do
4, 746. 7
2, 044. 8
'2,129.7
33.9
273.7
24.2
352.2
49.1 165.5
283.7 680.2
87.4
63.3
509.3 1, 009. 3
131.1
559.6
82.3
885.1
120.4
466.7
76.7
806.3
120.2
459.0
70.2
675.9
82.1
485.0
69.4
732.9
111.9
422.1
104.9
670.4
129.2
401.1
78.9
666.7
105.6
458.8
67.1
806.0
84.5
480.3
66.3
857.6
91.0
525.9
60.2
880.4
85.9
400.6
56.9
765.2
5, 587. 1
2, 094. 6
2, 141. 7
296.9
126.5
73.3
354.1
142. 4
116.4
495.9
194. 4
216.1
456.8
190.1
210.2
517.7
175.6
192.3
531.2
179.0
168.9
451.1
171.0
164.7
440.1
170.9
172.2
458.5
172.8
191.9
532.5
188.6
210.6
528.3
193.0
197.4
524.8
190.4
227.8
434.1
170.3
178.1
do
do
' 268. 2
' 396. 1
157.6
437.8
6.9
14.6
5.5
23.7
26.2
61.5
21.9
43.9
9.0
46.6
11.7
42.0
10.4
29.5
23.6
41. 9
17.8
50.0
11.9
35.7
6.4
27.7
6.1
21.2
5.8
30.6
do
do
do
do
'639.6
' 955. 0
375.7
77.0
700.7
928.0
335.9
89.5
19.5
41.9
14.2
4.3
56.1
28.3
13.3
5.6
75.3
156.2
31.9
8.7
70.2
93.3
42.8
9.1
65.2
81.0
41.9
8.1
58.2
92.2
28.9
7.6
58.6
97.3
26.9
8.1
78.1
75.2
31.3
7.5
60.9
72.9
14.0
7.1
52.3
73.3
22.9
7.4
56.3
53.3
25.5
8.1
50.1
63.0
42.3
8.0
46.3
62.3
17.3
3.0
do
do
do
41.5
'68.1
336.4
' 361. 5
'1,912.6 2, 057. 5
1.7
13.9
116.6
2.5
21.2
135. 8
4.5
36.3
244.1
4.4
34.0
189.5
5.4
32.0
152.5
3.3
27.7
152.3
4.3
28.4
195.4
2.1
24.7
156.7
4.3
34.5
145.6
2.7
32.0
169.9
2.7
25.4
196.6
3.8
26.1
202.6
2.3
24.1
157.9
do
do
do
'805.9
20.2
'1,315.2
901.8
12.6
1, 501. 8
42.3
.1
59.6
49.5
1.6
91.4
109.4
.8
163.4
84.8
.5
152.5
87.6
2.1
127.7
71.5
.8
113.0
69.2
.1
121.2
72.7
.6
120.1
61.8
.5
114.1
78.9
1.2
147.0
86.1
.9
159.7
88.0
3.4
129.6
83.3
3.7
131.5
33.1
.2
67.9
55.7
5.6
107.7
101. 0
2.2
157.6
71.8
85.1
81.7
86.5
95.2
74.8
63.6
60.7
59.5
67.5
4.3
2.6
3.1
3.1
7.4
1.5
8.8
2.0
3.1
3.1
164.1 140.0
143.9
155.6
117.5
126.3
144.8
132.2
118.7
128.5
because of regrouping of commodities and release of some "special category" items from the
restricted list, data for commodities and countries are not comparable with those for earlier
periods.
A Excludes "special category" shipments.
864.4
' 833. 4
Italy
do
44.4
144.6
Union of Soviet Socialist Republics
do
'1,471.4 1, 564. 8
United Kingdom
_do__ __
' Revised.
p Preliminary.
cfNumber of stocks represents number currently used; the change in
affect continuity of the series.
9 Includes data not shown separately.
O Beginning Jan. 1965, data reflect; adoption of revised export schedule;
number does not
in some instances,
SURVEY OF CUEEENT BUSINESS
S-22
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
Annual
March 1966
1965
Jan.
Feb.
Mar.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
Exports (mdse.), incl. reexports— Continued
By leading countries— Continued
North and South America:
Canada
mil. $-_ 4, 774. 5
5, 586. 7
296.9
354.1
495.9
456.7
517.6
531. 2
451.1
440.1
458. 5
532.5
528.3
524.8
434. 1
do
3,737.9
3,750.6
164.4
228.2
366.7
352.1
327.6
307.6
297.6
304. 1
327.3
354.5
344. 8
375.8
310.4
do
do
_ do
261.6
'387.8
' 180. 9
266.0
328.6
235.3
11.2
10.5
7.3
15.0
13.9
10.2
31.2
26.1
21.5
28.7
26.9
22.3
23.2
27.6
21.0
19.4
20.2
15.8
22.0
18.8
18.0
25.9
24.7
17.4
18.4
32.0
31.1
25.5
39.9
21.3
22.7
35.9
23.2
22.8
52.1
26.3
16.8
39.5
20.8
do __ ' 246. 2
do
0)
1, 092. 4
do
'606.3
do
196.4
0)
1, 105. 2
623.7
7.2
0
74.7
21.7
11.8
0
81.0
34.3
21.1
0)
98.0
69.3
20.0
0)
92.9
63.8
21.4
0
92.7
54.6
13.8
0
95.2
55.8
12.8
0
92.5
52.2
13.4
0
88.9
52.8
15.5
0)
93.1
49.9
17.2
0
98.0
58.3
18.3
0
99.2
54.0
23.9
0
99.0
56.9
18.0
0)
93.5
45.0
, 133. 2 2, 411. 9 2, 472. 2 2, 576. 0
, 110. 4 2,387.4 2, 407. 2 2, 520. 0
2,105.3
Latin American Republics, total 9
/
Argentina
Brazil
Cftile
Colombia
Cuba
Mexico
Venezuela
„
Exports of U S merchandise total Ot
Excl military grant-aidj
By economic classes:
do
- do
Crude foodstuffs
do
Finished manufactures cf
do
By principal commodities:
Agricultural products total 9
6,136.4 27,003.3
25,318.2 26,224.5
, 230. 7 1, 575. 6 2,941.5 2, 584. 3 2,397.4 2, 307. 4 2, 212. 1 2, 161. 0
, 171. 4 1,491.2 2, 859. 1 2, 501. 1 2,350.5 2, 190. 7 2,139.4 2,095.2
2, 897. 5
2, 540. 2
1 687 4
4, 067. 2
4, 893. 8
14, 076. 1
do
6, 347. 0
Animal and vegetable oils and fats
Cotton unmanufactured
Fruits vegetables and preparations
do
do
do
Meat and meat preparations
Tobacco and manufactures A
do
do
6, 228. 9
210.4
325.8
696.2
553.9
532.9
530.9
548.1
459.3
484.7
587.0
652.2
' 647. 5
"505. 7
429.4
690. 2
434.7
2. 579. 8
181.3
544.5
Nonagricultural products, total 9--
_do__.. 19, 739. 0 20, 777. 0 1, 020. 3 1, 249. 7 2, 245. 8 2, 031. 3 1, 864. 8 1,776.7 1, 664. 1 1, 701. 7 1,649.2 1,824.9 1, 820. 0 '1,928.5 "1,599.6
Automobiles parts and accessories
Chemicals and related products!
Coal and related fuels
Iron and steel prod (excl. adv. mfs.)
do
do
do
do
1, 720. 8
2, 326. 2
504.7
895.7
Machinery, total § 9
do
6, 344. 8
do
do
do
do
do
229.0
547.3
1, 540. 2
520.6
2, 991. 7
Agricultural
_
Tractors parts and accessories
Electrical
M^etalworking§
Other industrial
Petroleum and products
Textiles and manufactures
General imports, total t
Seasonally adjusted^
By geographic regions :
Africa
Asia
Australia and Oceania
Europe
do
do __
do
do
_
18, 684. 0 21,366.4 1,112.9 1, 462. 8 2, 033. 5
1, 192. 7 1,599.6 1,861.0
do____ ' 916. 5
'3, 619. 5
_ _ _ _ _ do
439.7
do
'5,307.3
do
Northern North America
do
Southern North America
do
South America
do
By leading countries:
Africa:
United Arab Republic (Egypt)
__do
Republic of South Africa
do
Asia; Australia and Oceania:
Australia, including New Guinea
do
India __
T__
do
Pakistan
do. _
Malaysia
do
Indonesia
__ do_ __
Philippines_
do
Japan
do
Europe:
France __
_
_ _ do_ _.
East Germany
__do
West Germany
do
Italy
_
_ _
_ do_ _
Union of Soviet Socialist Republics
do
United Kingdom
_
do
North and South America:
Canada
_ _ _
do _ .
Latin American Republics, total 9
Argentina
Brazil
Chile.-.
471.4
804. 9
27.9
875. 1
4, 528. 4 ' 217. 2
20.8
453.5
239.0
6, 293. 0
66.9
291.7
21.3
422.6
89.2
432.4
57.7
628.4
66.2
402.5
30.7
575.4
75.3
339.9
38.0
542.3
82.0
410.9
30.8
537. 6
50.9
345.6
41.7
505.7
68.4
394.7
36.7
486. 8
89.1
423.4
47.4
489.9
87.9
411.0
55.5
621.1
81.1
412.4
35.2
592.3
90.0
446. 6
37.7
661.5
70.9
373.8
37.8
556.5
'4,241.6
1, 639. 3
'2,508.5
4, 837. 1
1, 741. 1
2, 626. 2
325.7
124.4
156.5
325.5
146.2
188.0
409.9
181.1
240.1
377.6
162.1
240.4
398.6
145.4
183.0
441.7
158.3
245.1
400.5
114.5
173.2
408.3
123.1
198.9
414.7
118.2
214.1
416.4
136.4
268.4
448.9
151.9
243. 2
470.1
178.0
274.7
402. 9
161.5
225.2
16.2
249.5
16.1
225.1
1.3
8.0
.3
22.8
5.0
19.5
1.3
19.3
1.4
17.4
1.0
18.8
2.6
8.2
.6
15.3
.5
27.6
.6
16.3
.5
26.3
1.2
25.6
2.8
16.5
281.1
314.1
304.5
348. 0
'40.0
44.8
' 161. 1
211.9
169.7
165.3
387.2
369.1
'1,768.0 2,414.1
17.D
15.2
1.0
6.8
10.3
25.8
108.3
16.8
20.1
2.0
9.5
12.2
21.7
154.5
35.6
46.2
6.2
19.3
16.9
34.3
218.4
19.0
37.5
5.6
23.5
16.6
36.7
204.9
24.5
24.3
3.2
16.7
12.2
29.5
177.3
20.1
33.1
4.1
17.3
15.7
27.1
220.0
25.9
23.7
4.0
16.7
10.2
25.6
194.5
25.1
28.0
4.2
13.6
10.8
35.3
231.0
35.1
31.8
3.6
24.5
14.7
33.5
224.1
43.0
27.0
3.3
18.6
16.2
31.2
227.8
23.2
27.3
2.6
18.5
13.8
28.5
231.3
28.7
33.8
5.3
26.9
15.7
39.9
221.9
26.2
28.9
6.3
8.3
12.5
29.2
200. 8
63.5
.3
117. 6
54.8
2.6
112. 7
55.1
.2
110.6
49.1
3.3
118.4
53.3
.3
91.2
56.1
2.4
112. 1
41.7
1.4
110.4
53.1
1.9
111.8
54.7
.3
135.7
58.5
8.2
148.2
54.3
.4
133.1
58.8
3.5
137.1
61. 5
1.2
131.9
67.9
5.7
165. 3
47.6
.5
130.1
49.3
1.9
124.5
495.0
6.7
'1,171.1
526.2
20.2
'1,143.2
615.3
6.5
1,341.6
619.7
42.6
1,405.3
20.5
.1
46.0
22.1
4.7
57.6
41.5
.5
97.3
37.9
4.1
91.7
61.2
.7
133.5
59.3
1.5
126.1
55.6
.6
131.2
52.6
2.5
109.6
54.2
.6
110.3
49.7
2.2
115.5
'4,238.5
4,831.9
325.6
325.2
409.8
377.4
398.3
441.5
399.4
407.6
413.5
416.0
448.6
469.7
402.5
do
'3,523.7
3, 676. 6
222.3
280.4
359.5
338.5
274.3
344.2
238.6
270.4
276.2
348.5
342.4
380.5
323.8
do
do
-do
111.3
'534.7
' 218. 2
122.1
511.9
209.4
6.1
16.6
9.4
8.4
24.6
18.4
11.5
49.6
15.1
11.1
37.2
30.3
10.3
36.4
13.8
11.1
38.9
22.3
8.9
27.8
9.9
10.4
36.1
11.9
11.8
54.3
18.9
11.3
65.6
24.9
10.4
62.9
23.1
10.8
630.0
11.5
11.3
48.5
19.4
8.4
26.2
Colombia._
do_
276.7
17.3
280.4
Cuba
do
0)
0)
0)
0)
C1)
Mexico
_
do
637.9
52.5
64.7
' 643. 1
43.7
Venezuela.
do___
956.4 1. 020. 6
92.7
86.0
96.8
'Revised.
v Preliminary.
1 Less than $50,000.
2 Excludes military grant-aid shipments.
JRevisions for Jan.-Nov. 1964 will be shown later.
9 Includes data not shown
separately.
QSee similar note on p. S-21.
cf Data for semimanufactures reported as
1,856.8 1,723.3 1,907.0 1,632.9 1, 716. 0 1, 797. 6 1, 997. 1 1,966.7 2,159.9 1,828.7
1,832.9 1,789.0 1, 829. 5 1,663.1 1,763.6 1, 806. 8 2,005.9 1, 903. 3 2, 034. 6 1,935.5
24.2
25.2
24.1
20.7
31.4
18.8
27.0
22.8
31.6
22.6
0
0
0
0
0
0
0
0
0
C1)
57.2
39.2
61.9
39.3
63.7
61.1
41.8
47.3
65.5
62.9
92.2
66.3
77.5
68.9
84.5
101.9
71.1
70.3
110. 1
84.6
"special category" are included with finished manufactures.
AManufactures of tobacco
are included in the nonagricultural products total.
§Excludes some "special category"
exports.
SURVEY OF CURRENT BUSINESS
March 1966
1965
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown iin the 1965
edition of BUSINESS STATISTICS
Annual
S-23
1965
Jan.
Feb.
Mar.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
18,600.3 21,281 8
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 9
do
3, 444. 1
1,138.2
1,487.9 1,992.3 1,822.5 1,718.8 1, 878. 0
1,635.4 1,727.1 1,795 0 2, 003. 9 1 952. 9 2 129 8 1 800 8
253.0
78.5
77.3
300.1
492. 2
2, 034. 0
1, 812. 0
3, 988. 3
7, 321. 5
4,104.6
4, 092. 2
175.2
269.4
420.4
369.0
338.8
345.2
262.3
319.0
354.1
411.2
399. 0
428.6
353.3
130.9
Cocoa (cacao) beans, incl. shells
do
Coffee
--- - do____ 1,200.3
200.6
Rubber, crude (incl. latex and guayule) .do_.__
458. 4
Sugar (cane or beet)
-' - do_.__
205.3
Wool and mohair, unmanufactured- ...do....
120.5
1,060.2
182.3
444. 7
235.1
3.8
24.9
7.6
15.1
15.7
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
13.8
77.3
13.3
47.3
17.6
13.2
89.7
16.9
42.5
18.6
8.6
59.4
12.8
22.3
16.9
11.3
77.8
11.2
42 7
19.1
14.5
83.6
15.3
48 8
20.1
8.9
128.7
17.4
50.8
17.9
7.6
125. 9
17.2
41 0
18.4
7.4
113 5
17.2
51 7
17.5
13 4
93 0
9.4
16 7
23 7
Nonagricultural products, total 9-—
do.— 14, 495. 3 17,195.3
Paper base stocks
Newsprint
Petroleum and products
L
962.9 1, 219. 2 1,578.8 1, 451. 7 1, 380. 8 1, 532. 8 1, 370. 6 1, 409. 8 1, 440. 8 1, 592. 7 1, 553. 9 1, 701. 3 1 447 5
12.6
13,4
14.0
16.0
11.2
8.9
7.6
6.5
7.1
4.9
20.2
6.5
14.7
116.6
819.9
128. 8
125.8
143, 0
12.1
8.8
13.7
10. 8
11.6
10 9
13.7
13 7
11 1
11 4
12 7
12 4
12 4
199.0
340.2
111.7
270. 5
302.2
168.6
6.5
14.2
4.9
16.9
29.2
8.3
23.1
24.1
17.2
21.3
23.4
10.9
24.4
22.1
13.0
32.6
26.6
12.7
25. 1
23.0
10.5
24.4
27 9
9 2
20.3
25 4
16 5
23.9
35 4
13 1
22.6
24 3
18 1
29.1
26 8
34 2
15 5
16 0
14 6
405.5
_do____
752. 5
do
1, 872. 4
do
451. 7
789.6
2, 063. 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
34.4
64.9
144,3
39.8
72.4
192.2
34.9
64.4
147.4
37 4
65.1
159.4
36 4
70 5
164.0
36 3
67.6
172.0
41 2
67 2
150.1
37 7
78 5
200 2
31 5
68 7
99 6
143
146
102
77
81
105
97
104
107
187
199
106
164
174
106
155
164
105
142
152
107
135
133
99
94
95
101
125
125
100
175
174
100
161
158
98
149
147
99
164
163
99
19 2 . 22.6
234 4
202 0
21 2
231 9
8.3
144.8
8.7
123.9
11.7
154 7
83.0
95.0
19 4
6.3
4.2
78.8
85.2
19 9
5.9
3.8
84.5
92.9
29 4
63
4.5
Furs and manufactures
___do__._
Iron and steel prod. (excl. adv. mfs.)_--do___.
Nonferrous ores, metals, etc.:
Bauxite crude
do____
Aluminum semimfs (incl. calcined bauxite)
mil. $..
Copper crude and semimfs _
do
Tin, including ore
_ ___
do
Indexes
Exports (U.S. mdse., excl. military grant-aid):
Quantity1957-59= 100. _
Value....
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.. 172, 210
T
Value..
mil. $.. 17, 394. 1
General imports:
Shipping weight
....thous, sh. tons.. 233, 774
Value
.—.....
mil.$- 13, 441. 9
Airborne trade:
Exports (incl. reexports):
163. 3
Shipping weight
thous. sh. tons..
228. 7
Value
...
mil. $_ 1, 844. 6 2, 290 0
General imports:
64.3
Shipping weight
-...
thous. sh, tons..
96.1
956.1 1, 316. 5
Value.
— -.
mil.$__
6,508
601.2
8,555 15, 000 15, 068 15, 598 15, 753 16, 340 15, 675 14, 997 17 279
836.7 1,963.6 1, 712. 1 1, 558. 0 1,411.6 1,447.8 1, 342. 5 1,346.0 1, 562. 9
18, 164
651.8
17, 294 22, 016 21, 783 19,906 25, 552 20, 532 '22,078 21 222 21 992
985.8 1, 465. 8 1, 373. 9 1, 207. 2 1,368.0 1,123.7 1, 224. 8 1, 295. 3 1, 383. 1
14.9
140.7
19.9
175.2
21.5
197.4
19.0
189.1
19.1
193.7
17.7
182.5
17.5
180 3
18.2
189 6
17 9
173 1
6.5
89.1
8.4
104.9
7.8
102.4
6.9
98.4
6.2
100.3
9.2
103.9
7.5
104.9
6.8
95.1
8.1
94.0
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. total) :
2,831
Operating revenues, total 9
. _ _ mil. $_
2,805
Transport, total 9
do....
Passenger
do
2,527
187
Property
_
do
65
U.S. mail (excl. subsidy)
do____
Operating expenses (incl. depreciation) __ .do
2,531
Net income (after taxes) _ _
_ do
136
Operating results:
Miles flown (revenue)
.._._.mil_.
822.1
67.4
940,9
73.5
Express and freight ton-miles flown do__._
921.6
59.4
60.7
726.9
Mail ton-miles
flown
do
15. 6
15. 1
184.7
219, 6
5.4
Passengers originated (revenue)
_ _ _ do. _ . _
61.9
71. 4
4.9
3.7
3.2
Passenger-miles flown (revenue)
...biL.
49. 2
41.9
Express Operations (qtrly.)
Transportation revenues... „
mil. $__
431. 4
412.4
Express privilege payments
.
do
118.2
119. 3
Local Transit Lines
Fares, average cash rate
cents..
21.2
21. 9
21.9
22.1
Passengers carried (revenue).
mil
6,854
553
524
6 782
Operating revenues (qtrly. total)....
_ mil. $_
1,408
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. total) :
1
Number of reporting carriers. . .
.. :_
1, 018
Operating revenues, total
...........mil. $_•„
6, 176
Expenses, total
.
do____
5,890
Freight carried (revenue).
mil. tons..
366
T
Revised.
* Preliminary.
1 Number of carriers filing complete reports for 1964.
2
e
Reflects New York City 13-day transit strike.
Corrected.
9 Includes data not shown separately.
735
728
654
49
17
678
30
76.4
71.8
17.5
5.5
3.7
832
826
744
53
18
708
65
75.5
70.0
17.6
5.9
4.0
78.0
74.8
16 6
5.8
3.9
101.9
27.4
21.9
606
339
78.3
74.5
16.9
6.3
4.5
885
878
"788
55
17
738
79
82.1
73.0
16 6
6.3
4.6
83. 6
77.6
17 2
6.8
4.9
103.7
28 2
21.9
593
21.9
577
22. 0
564
367
79.7
86.7
17 7
6.1
4.2
106.7
31 1
22.2
520
22.2
516
22.2
559
119 1
32 5
22.2
591
22.3
574
22.3
605
22.3
2479
1,128
1,632
1,571
100
§Excludes "special category" shipments and all commodities exported under foreign-aid
programs as Department of Defense controlled cargo.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
March 1966
1965
1965
Annual
Jan.
Feb.
Mar.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Dec.
Jan.
151.7
151.0
154.0
Nov.
Feb.
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION— Continued
Motor Carriers (Intercity)— Continued
Freight carried, volume indexes, class I and II
(ATA):
Common and contract carriers of property
(qtrly )
average same period 1957-59~100
Common carriers of general freight, seas, adj.*
1957-59=100Carriers of passengers, class I (qtrly.):§
Number of reporting carriers
Operating revenues total
ynll. $
Expenses total
do
Passengers carried (revenue) . ._
mil—
Class I Railroads
Freight carloadings (AAR):
Total cars
-- thous __
Coal
-do
Coke _
-- do
Forest products
- do __
Grain and grain products ..
do
137 6
150 9
131.9
144.1
Tolls, message
_
Operating expense." (before taxes)
Net operating income
Telegraph carriers:
Domestic (wire-telegraph):
Operating revenues
Operating expenses, incl. depreciation
Net operating revenues
_
International:^
Operating revenues
Operating expenses, incl. depreciation
Net operating revenues
do...
do...
do
mil. $_
do...
do_—
do_—
do —
do
148.5
656. 5
570.9
506.9
142.1
143.8
148.8
141.5
141.6
143.1
144.3
147
150.8
127.2
53.3
2,114
418
37
151
193
29. 554
5,679
440
2,003
2.657
1 654
1,330
1,133
36 509
33 976
2,048
'399
••35
'145
'177
2,185
409
36
152
193
2,848
2533
247
2193
> 236
2,415
456
35
159
180
2,376
455
35
151
211
2,768
M27
MS
2189
2276
2,381
479
35
161
221
2,292 * 3, 108
2610
448
31
236
2200
158
2284
200
2,347
472
29
160
238
2,189
465
29
156
211
2,103
434
32
147
234
2,096
413
34
150
225
9
65
38
1,203
7
72
39
1,174
8
81
41
1,265 a
210
2164
249
1, 616
8
206
39
1,332
26
5
» 290
225
244
37
1,257 * 1,493
7
222
34
1,221
226
11
192
2228
33
241
1,220 21,683
16
129
31
1,273
10
73
29
1,217
7
65
27
1,158
6
67
26
1,174
100
92
109
106
94
46
113
23
106
96
91
99
99
87
46
110
22
102
99
99
108
103
97
36
136
21
100
101
104
107
105
98
36
95
22
104
95
98
122
103
82
33
90
20
99
94
101
117
99
101
34
86
18
96
93
97
82
102
99
41
83
17
95
98
100
80
106
107
50
113
17
99
102
98
83
112
114
45
117
18
105
99
94
92
103
115
34
112
16
102
97
92
94
101
110
36
103
14
101
98
92
98
101
97
42
110
21
103
94
98
109
95
95
31
87
20
97
94
95
95
102
102
35
81
17
96
2,383
2 065
126
1,900
320
163
121
2,582
2,240
139
1,963
361
258
213
2,575
2,215
156
1,965
360
250
205
165.2
1 270
3 820
180.2
1.258
4,333
178.7
1.261
5,151
12 6
10 5
2.1
12 9
10.9
2.0
17.0
14.1
2.9
17.8
14.8
3.0
18.6
15.4
3.2
18.6
15.7
2.9
19.0
16.3
2.8
18.6
15.6
2.9
18.4
15.4
3.0
19.5
16.0
3.5
18.8
15.7
3.1
16.8
14.1
2.7
5,706
779
5,160
652
7,670
822
6,998
884
6,631
738
6,467
835
6,855
496
6,809
628
6,035
716
7,065
767
7,090
973
6,442
789
7,123
780
6,340
762
9.36
56
102
9.54
61
113
9.14
63
119
9.96
65
110
9.36
65
123
10.03
63
115
9.10
57
112
9.99
65
106
10.15
66
116
10.44
70
112
10.41
60
109
9.08
49
115
9.64
60
106
9.83
62
118
206
207
130
97
74
708
179
225
102
96
95
782
243
234
136
115
151
977
231
278
160
134
175
1,453
284
296
171
159
168
2,393
308
398
182
165
175
5,074
350
433
226
182
131
8,578
504
365
230
213
105
8,346
80
3,631
59
2,534
59
1,218
59
817
84
751
104
2 218
37 76
2 014
34 55
528
9.07
473
8.05
556
9.38
458
8.04
10,938
11,750
3,827
6,496
s 1 924
77 4
4,188
7,076
2 091
2,833
1 531
'988
1,688
505
78 3
2,896
1 547
1,028
1,751
519
79 2
2,964
1 573
1,064
1,766
538
80 4
3,056
1 620
1,108
1,873
530
81.5
299.4
264.2
21.1
305.6
267.4
23.8
73.7
65.5
3.9
77.3
67.6
5.6
77.3
68.6
5.3
77.3
65.7
9.0
107.4
*83.0
17 6
112.2
87.0
21 0
27.2
21.2
4 7
28.8
22.1
53
27.0
21.2
5.0
29.2
22.4
6.0
5 Q99
1
R 979
0-1
K
•• Revised.
1 Number of carriers filing complete reports for 1964.
3
3 Data cover 5 weeks; other periods, 4 weeks.
Revised total; quarterly revisions are
not available.
*New series. The monthly index is based on a sample of motor carriers that represents
approximately one-third of the class I and II common carriers of general freight; monthly
data back to 1955 are available.
143.6
147
118.5
113.8
47.0
158
153
125
Livestock
do
1,962
2,005
Ore
-do
639
465
Merchandise 1 c.l
do
15,693 16, 222
Miscellaneous
do
Freight carloadings, seas. adj. indexes (Fed. R.):
97
96
Total
1957-69=100—
97
95
Coal
—
-do
100
113
Coke
do __
103
100
Forest products - -do
97
96
Grain and grain products .
do
40
49
Livestock _
do
97
95
Ore
-—
do
20
27
Merchandise, l.c.l
—do
100
98
Miscellaneous
do
Financial operations (qtrly.):
Operating revenues total 9
mil. $
9 857
8 455
Freight
do
578
Passenger
do
7 738
Operating expenses
do
1 301
Tax accruals and rents
do
818
Net railway operating income
do
698
Net income (after taxes)
do
Operating results:
Freight carried 1 mile, revenue and nonrevenue
670 7
(qtrly )
bil ton-miles
1 282
Revenue oer ton-mile (otrly avg )
cents
Passengers carried 1 mile revenue (qtrly ) mil
18 248
Waterway Traffic
Clearances, vessels in foreign trade:
202 2
208 5
Total TJ S ports
mil net tons
174.6
166 9
Foreign vessels
do
33.9
35.3
United States vessels
do
Panama Canal:
78.927
Total
thous. Ig. tons— 74,210
9,080
In United States vessels
.
do»
10, 750
Travel
Hotels:
9.71
9.53
Average sale per occupied room
dollars
62
Rooms occupied
_
% of total
61
111
113
Restaurant sales index— .same mo. 1951=100..
Foreign travel:
2 913
U S citizens' Arrivals
thous
Departures
do
2 851
Aliens* Arrivals
do
1 890
Passports issued and renewed _
do ._
National parks visits
do
Pullman Co. (qtrly.) :
pftsspncwp-TTiilps (revenue)
mil
Passenger revenues
mil $
COMMUNICATION (QTRLY.)
Telephone carriers
Operating revenues $
mil. $.
140.2
1
29,027
5,530
423
1,960
2,625
151.4
141.9
137.7
.......
§Effective 1st qtr. 1965, carriers reporting both intercity and local and suburban schedules
are classified as intercity if intercity revenues equal or exceed 50 percent of revenues from
both operations.
9 Includes data not shown separately.
d*Radio-telegraph and cable carriers.
SURVEY OF CURRENT BUSINESS
March 1966
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown iin the 1965
edition of BUSINESS STATISTICS
1966
1965
1965
Annual
S-25
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
1,380
1,523
Jan.
Feb.
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
16,548 1,408 1,271
1,439
1,425
1,139
1,399
1, 385
1,358
1,401
1,420
Acetylene
-mil. cu. ft.. 15,964
Ammonia, synthetic anhydrous (commercial)
737.6
707.2 717.6 721.5 707.9 698.2
707.4 701.4
thous. sh. tons- 7,634.3 8,607.4 679.3 650.4
1, 119. 6 1, 173. 8
97.5
91.4
94.3
114.2
83.6
80.1
112.6
104.2
111.7
107.7
Carbon dioxide, liquid, gas, and solid
do
5,945.2 6.438.9 529.4
482.1
548.0 533.0
559.6
544.7 524.5 540.0 535.2 517.2
Chlorine gas (100% Cl2)
do
1,264.2 1.310.0
106.2
114.5
109.2
106.2
98.1
102.9
108.9
107. 4
105.8
Hydrochloric acid (100% HC1)
do
116.8
4, 732. 5 4, 860. 0
439.5 415.1 351.5 291.4
460.1 409.5
350.2 386.7 400.7
448.6
Nitric acid (100% HNOs)
do
Oxygen (high purity)
.mil. cu. ft— 153,387 182,404 15,080 14, 263 16,321 15,603 15,314 15, 057 15,064 15, 571 14,426 15,409
3,283.0 3,845.0
284.1 272.2
324.0 338.1 350.9 306.9
304.4
330.3 313.7 343. 6
Phosphoric acid (100% PzOa)
thous. sh. tons___
Sodium carbonate (soda ash), synthetic (58%
409.2 398.5 414. 6
411.8
NazO)
thous. sh. tons__ 4,947.9 4.931.0 402.6 382.5 436.5 415. 9 406.8 398.5
137. 9
11.4
12.2
11.2
138.2
11.6
12.4
11,6
9.5
10.6
11.8
Sodium bichromate and chromate
do
12.0
530.1 580.6
Sodium hydroxide (100% NaOH)
do.... 6,399.0 6. 723. 5 568.4 498.1 571.9 557.8 569.4 549.7
572.0 558.4
Sodium silicate (soluble silicate glass), anhydrous
thous. sh. tons.. '564.6
42.2
48.9
589.8
56.1
46.8
55.2
45.4
50.3
50.8
46.6
45.7
Sodium sulfates (anhydrous, refined; Glauber's
114.9
112.4
salt; crude saltcake)
thous. sh. tons.. 1,315.6 1.392.4 115.5 104.0
105.3
122.0
123.1 125.9
119.6
108.1
Sulfuric acid (100% HsSO*)
do....22,923.5 24,822.1 1,957.9 1,931.9 2, 044. 2 2,101.2 2, 116. 3 2, Oil. 0 2, 001. 6 2, 120. 9 2, 088. 8 2, 175. 8
Organic chemicals, production :d*
Acetic anhydride
___ .
Acetylsalicylic acid (aspirin)
Creosote oil
-
' 762. 1 816.6
87.9
88.5
' 542. 0 583.2
113.4
120.6
'441.0 465.7
14, 753 15,543
333.5 343.3
' 422. 7
11.7
'563.0
52.3
431.3
12.2
604. 1
49.6
121.3
120.3
2,060.9 2,211.7
mil. lb— U,399.2 1.533.9
128.2
29.0
do
108.4
mil. gal— 1 113. 3
114.9
2.4
28.2
114.7
2.0
7.9
126.7
2.5
10.3
117.0
2.4
10.0
116.5
2.3
10.4
134.0
1.9
9.3"
128.4
2.3
10.7
128.0
2.3
9.0
156.5
2.6
8.7
134.4
3.0
7.9
128.8
2.6
8.1
139.8
2.6
7.9
mil. lb— i 123. 7
144.5
i 117. 7
107.3
do
.do... . 12,839.9 3.085.5
10.7
3.3
234.4
11.3
8.8
229.4
11.1
9.1
264.3
12.8
8.1
256.7
13.7
10.1
250.3
13.4
8.7
263.0
13.2
8.7
253.2
13.5
8.7
252.3
11.3
13.2
274. 1
9.6
10.9
252.8
10.0
9.9
263.4
13.9
7.8
290.5
do
320.1
27.6
do
mil. gal__ 1397.7
mil. lb— i 555. 5
353.2
24.7
433.0
579.1
31.8
32.6
36.3
46.9
26.2
37.3
31.8
42.7
30.7
32.2
33.3
50.8
25.1
27.6
36.2
48.6
31.4
30.1
37.5
51.3
31.6
25.5
37.3
46.3
25.7
28.6
37.3
49.1
30.3
28.2
36.0
48.1
27.9
29.8
34.1
47.7
33.7
32.6
35.1
47.5
30.5
28.4
'36.1
47.1
28.3
24.7
' 42. 1
53.1
mil. tax gal—
__ do
____do
do
684.5
192.9
551.0
68.0
710.1
200.5
586.2
69.0
51.5
186.3
50.7
4.9
54.6
191.7
43.5
4.9
64.2
191.2
55.6
6.6
54.0
187.0
52.2
5.6
58.9
190.4
50.8
5.3
55.5
190.9
50.5
6.1
56.9
191.1
51.0
4.9
54.9
196.3
45.4
5.3
60.6
196.9
46.1
6.1
74.0
197.8
46.9
6.7
62.7
200.3
45.8
7.5
62.3
200.5
47.6
5.2
mil. wine gal__
do
do
296. 8
296.6
3.4
315.9
315.2
5.4
25.6
26.4
3.3
23.4
22.8
4.0
31.0
29.6
5.0
28.0
'26.8
6.0
27.2
27.5
5.8
27.1
27.9
5.1
27,4
27.0
5.6
24.3
24.7
5.2
24.8
25.2
4.7
25.3
24.6
5.5
26.3
27.2
4.4
25.6
25.5
5.4
thous. sh. tons..
do
do _
do
9,578
799
7,145
1,026
10.810
1.196
8,104
1.053
3535
3408
359
525
39
430
43
874
44
687
89
1,077
125
826
68
835
107
650
57
1,026
78
828
77
1, 005
126
703
116
1,039
97
803
101
935
157
624
120
1,119
151
805
129
944
135
674
97
895
106
666
96
1,060
265
725
58
2,799
200
176
1,195
363
177
181
1.780
398
11
23
99
26
9
24
123
23
14
30
159
33
17
28
204
72
17
11
133
32
12
8
71
42
16
10
76
26
19
6
191
22
14
14
179
17
14
7
227
8
21
10
136
50
15
10
183
47
9
18
181
18
3,088
3,342
357
206
348
459
301
116
199
357
234
307
208
250
335
3,465
431
3,831
470
303
400
295
395
333
336
353
224
343
220
305
348
275
450
304
459
302
411
338
425
'334
'463
345
470
.9
1, 281. 6
.8
1,459.4
2, 002. 2
1, 173. 4
828.8
2. 169. 3
1,246.7
922.6
DDT __
Ethyfacetate (85%)
_
Formaldehyde (37% HCHO)
Glycerin, refined, all grades:
Production
Stocks, end of period
Methanol, synthetic and natural
Phthalic anhydride
29.0
30.9
ALCOHOL
Ethyl alcohol and spirits:
Production .
Stocks, end of period
Use for denaturation
Taxable withdrawals.
Denatured alcohol:
Production
Consumption (withdrawals) ___
Stocks, end of period
_
FERTILIZERS
Exports, total?
Nitrogenous materials
Phosphate materials
Potash materialsImports, total semimanufactures 9
Ammonium nitrate
Ammonium sulfate
Potassium chloride
Sodium nitrate
_
_do
do
.do
do
do
Potash deliveries (K2O)
do
Superphosphate and other phosphatic fertilizers
(100%P205):
Production
thous. sh. tons..
Stocks, end of period...
do
331
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly:
Black blasting powder
mil. lb._
High explosives
do
Paints, varnish, and lacquer, factory shipments:
Total shipments
mil. $
Trade products..
do—
Industrial
finishes
_
do
Sulfur, native (Frasch) and recovered:
Production
thous. Ig. tons..
Stocks (producers'), end of period....
do
6,250
' 4, 227
.3
279.2
141.3
74.7
66.6
155.9
85.9
70.0
184.4
101. 8
82.6
.2
.2
396. 3
387 1
191. 9
110.3
81.6
201.8
121.9
79.9
216.9
129.6
87.3
200.6
124.3
"76.3
195.7
122.0
73.7
.2
396 8
178.1
99.7
78.4
167.9
90.5
77.4
146.8
73.4
73.4
7,304
560
610
614
594
625
611
627
628
531
645
621
3,425 ' 4, 299 '4,323 ' 4, 274 '4,156 ' 4, 096 '4,002 '3,881 '3,825 '3,670 '3,610 ' 3, 611
637
3,425
188.0
112.6
75.4
PLASTICS AND RESIN MATERIALS
Production:
Cellulose plastic materials
mil. lb— 1161.3
169. 6
Thermosetting resins:
Alkyd resins
do
585.6
1593.6
Coumarone-indene and petroleum polymer
resins
_
mil. lb... i 354. 3
324.9
388.2
Polyester resins
_
_ _ d o 1316.6
919. 9
Phenolic and other tar acid resins...
do
1832.5
595.7
Urea and melamine resins
do..— 1570.3
Thermoplastic resins:
Styrene-type plastic materials (polystyrene)
mil. lb._ i 1,728.9 2, 002. 5
Vinyl resins (resin content basis)
do
i 2,066.8 2,282.0
Polyethylene
.__ do
i 2,613.4 3,047.4
10.3
12.1
14.6
14.2
14.4
15.8
11.8
12.6
15.6
21.4
14.0
13.5
41.9
44.4
53.9
51.1
50.0
54.5
47.7
51.6
51.8
49.1
43.6
45.0
24.8
24.5
69.2
43.0
25.4
28.9
68.8
43.6
29.9
33.9
80.2
47.5
28.7
34.5
76.4
44.2
26.1
33.7
71.8
46.9
25.4
35.5
72.9
48.2
28.7
32.1
66.9
40.0
26.6
32.1
76.1
46.3
27.4
31.6
84.3
55.8
28.3
30.3
86.1
60.0
26.5
34.3
'82.9
'58.4
27.1
36.7
84.8
62.2
159.8
182.2
229.1
145. 5
168.8
216.2
171.9
194.4
241.2
166.4
190.8
237.8
167.8
181.6
256.9
168.9
181.4
256.4
150.4
169.9
254.3
168.2
185.9
262.3
179.2
197.5
264.7
171.7 '172.0
206.6 203. 2
278.8 267.6
180.7
218.7
282.2
' Revised.
i Revised annual total; revisions are-not distributed to the monthly data.
2
Beginning Jan. 1965, data exclude creosote in coal-tar solutions (formerly included); these
averaged 927,000gallons per month in 1.964.
3 gee note "O" for p. S-21
cf Data are reported on the basis of 100 percent content of the cspecified material unless
otherwise indicated.
9 Includes data not shown separately.
Correction.
SURVEY OF CURRENT BUSINESS
S-26
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
March 1966
1965
Annual
Jan.
Feb.
Mar.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total
mil. kw.-hr._ 1,078,797 1,156,929 96,621
88,136
96,601
90,336
97,081 95,722
95, 299 102, 182 105, 254
979, 749 1,054,790 87, 979
803, 834 861,342 70, 729
175, 915 193, 448 17, 250
80,206
64,447
15, 759
87,839
70, 490
17,350
81, 852 '84, 745
64,997 68, 134
16,856 16, 610
87, 761
72, 023
15, 738
93, 102
77, 178
15, 924
95, 240
79, 571
15, 670
88, 877
73,875
15, 002
86, 985
71, 675
15, 310
86, 723
71, 260
15, 463
93, 480
76, 963
16 517
96 468
79, 896
16 571
803,307
176, 442
71, 187
16, 792
65,049
15, 157
71,185
16, 655
67,036
14, 816
68,959
15, 786
71,916
15,845
76,062
17,040
77, 925
17, 316
69, Oil
19,866
70,998
15, 987
70, 60fr 75, 699
16, 117 17, 781
77,844
18, 624
102, 139 i 8, 642
98, 988 i 8, 364
3,151
1278
7,930
7,655
275
8,762
8,450
312
8,484
8,173
311
8,575
8,257
319
8,381
8,126
255
8,530
8, 298
232
8, 617
8,407
211
8,204
8,001
203
8,737
8,497
240
8,576
8,323
252
8 702
8 438
263
Electric utilities, total
By fuels
By waterpower
-
do
d°
do
Privately and municipally owned util— „ do
Other producers (publicly owned)
do
855,632
199, 158
93,320
96, 142 101, 631 103,858
do
do
do
99,048
95,869
3,179
Sales to ultimate customers, total (EEI)
do
Commercial and industrial:
Small light and power §
- - --do
Large light and power§
- do
890, 356
963, 441
78, 718
77, 124
77, 852
76, 693
75, 598
78, 238
80, 576
83, 922
83, 712
80, 488
78, 551
81, 969
183, 539
409, 356
202, 028
433, 342
15, 265
34, 382
15,060
33, 944
15, 171
35, 485
15,070
35, 677
15, 517
36, 336
17, 571
36, 641
18, 745
35, 851
19, 536
37, 269
19,021
37, 183
17, 770
36, 824
16, 603
36, 707
16 699
37, 043
4,721
4, 653
__do
262, 010 280, 999
do
8,290
8,783
do _
20, 651 21, 675
do
1,789
1,859
_ _ _ _ _ _ _ do_ _ _ _
449
25, 812
865
1,809
136
. 441
429
25, 058 24,096
763
716
1,764
1,771
143
134
393
22,882
660
1,771
140
365
20,808
655
1, 768
149
357
21,046
631
1,822
170
357
23, 023
644
1,775
181
353
24,100
675
1,797
192
353
24,474
722
1,791
167
367
22,759
773
1,825
169
381
408
22,075 24, 866
816
863
1,811 1,971
158
120
Industrial establishments, total
By fuels
By waterpower
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental
•
-
-
8 786
8,520
266
Revenue from sales to ultimate customers (Edison
Electric Institute)
- - mil. $__ 14,408.5 15, 158. 8 1, 262. 8 1, 240. 2 1, 232. 4 1, 215. 6 1,205.1 1,243.2 1, 287. 0 1,325.8 1,332.2 1,284.0 1,242.2 1, 288. 4
GAS
Manufactured and mixed gas:
Customers end of period total?
Residential
798
745
51
785
734
51
703
660
42
690
649
41
1,541
976
552
553
367
186
300
171
126
168
67
100
165.2
117 3
46 9
51,4
36 5
14.9
29.1
19.1
9.7
16.5
9.0
7.4
thous
do
do
36 298
33, 350
2 908
36, 438
33, 418
3 020
36, 308
33, 396
2,872
36, 290
33, 414
2,836
mil. therms
^
do
do
114, 340
37, 699
71 293
38, 799
17, 577
21, 222
27, 805
8,529
18, 181
21,820
3,351
17, 216
Revenue from sales to consumers, total 9 mil. $
Residential
do
Industrial and commercial
do
6, 960. 2
3 772 3
2, 998. 1
2, 624. 5
1, 620. 1
1,004.5
1, 676. 6
884.9
753.6
1,126.9
448.8
640.1
Sales to consumers total 9
Residential
Industrial and commercial
thous
do
mil therms
do - .
do
Revenue from sales to consumers, total 9 mil. $
Residential
do
Industrial and commercial
do
Natural gas:
Customers end of period total 9
Residential
Industrial and commercial
Sales to consumers total 9
Residential
'
Industrial and commercial
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
105. 90
Production
mil. bbl
98.64
Taxable withdrawals
- do _
9.99
Stocks end of period
do
Distilled spirits (total):
Production
mil. tax gal-- 162. 94
Consumption, apparent, for beverage purposes
mil. wine gal- ' 275. 86
Taxable withdrawals
— __ mil. tax gal- 133. 17
862. 42
Imports
mil proof gal
50.60
Whisky:
Production
mil tax gal
112.87
89.44
Taxable withdrawals
do
832. 18
Stocks end of period
do
Imports
mil. proof gal
40.81
Rectified spirits and wines, production, total
mil. proof gal— '92.24
Whisky
do
' 65. 60
Wines and distilling materials:
Effervescent wines:
5.82
Production
mil wine gal
Taxable withdrawals
do
5.35
2.66
Stocks, end of period
do
Imports
_
do
1.19
Still wines:
Production
do
' 193. 28
Taxable withdrawals
do
' 164. 72
Stocks end of period
do
' 231. 24
14.54
Imports
do
108. 21
100. 41
10.30
7.34
9.84
7.75
6.32
6.54
8.58
10.73 ' 11. 29 11.93
9.22
8.43
12.08
10.05
9.24
12.24
11.21
10.21
12.50
15.93
15.72
9.66
9.61
11.68
9.08
8.49
11. 58
7.81
7.50
11.28
7.71
7.60
10.83
13.04
15.84
19.11
8.13
8.03
10.30
7.76
6.69
10.88
14.44
14.01
8.32
20.02
19.65
272. 99 ' 19. 20 ' 18. 96 '24.05 ' 22. 63 22.49
10.95
11.30
10.93
9.85
9.82
138. 52
872. 90 864. 86 866. 37 868. 44 870. 39 871. 05
3.96
5.06
4.66
3.12
3.31
58.04
24.07
11.95
870. 65
4.58
22.18
9.85
866.20
3.41
30.86
21.76 ' 24. 02 26.62
11.84
15.05
10. 65
16.26
865. 42 865. 73 865. 31 '865.82
7.31
4.33
5.26
6.31
36.15
10.06
872.90
6.73
3.34
13.16
10. 47
832. 11
6.53
12.92
6.58
835. 85
5.95
2.94
185. 06 ••15.04
126. 88
90.06
835. 85
51.10
13.96
12. 27
10.66
11.36
6.71 '6.95 '7.32
834. 46 '835.64 '837.94
4.31
2.96
2.76
11.50
'6.84
840. 22
4.10
10.05
6.92
840. 97
3.43
9.08
6.94
841. 10
3.93
3.76
5.65
836. 60
3.00
9.36
6.62
836. 20
3.82
10.91 11.85
7.94
11. 12
836. 22 833.24
5.64
4.68
94.00
64.80
6.37
4.14
6.47
4.45
'7.52
5.12
7.42
5.06
7.24
4.88
8.10
5.46
6..31
4.38
7.54
5.09
8.26
5.78
10.96
8.11
10.84
7.82
6.97
4.50
7.29
6.25
3.10
1.45
.44
.38
2.69
.06
'.67
.28
3.05
.06
.77
.42
'3.37
.13
.54
.41
3.47
.10
.57
.44
3.56
.12
.66
.51
3.62
.10
.32
.31
3.60
.07
.52
.41
3.66
.08
.52
.58
3.54
.09
.59
.73
3.31
.20
.77
.91
3.14
.21
.93
.86
3.10
.22
.11
232. 26
167. 25
262. 28
14.91
3.36
12.35
'218.07
.51
2.53
3.73 '3.25
3.04 '3.12
12.22
16.25
14.20
13.59
12.68
'179.74 ' 170. 52 157. 01
207. 19 '193.21
1.27
.84
1.41
1.35
1.27
1.48
9.91
146. 16
.86
3.92
49.80
13. 57 • 15.33
137. 14 171. 61
1.01
1.19
112.90
15.85
266. 87
1.37
35.72
16.25
279. 14
1.82
9.50
15.05
262. 28
2.01
1.51
Distilling materials produced at wineries.— do
3.48 ' 5. 10 '4.00
'369.35 465. 36
' Revised.
1 Beginning Jan. 1965, data includeAlaska and Hawa ii.
§1)ata are not
wholly comparable on year to year basis because of changes from one size clas sificatior t to
10.42
9.85
12.38
17.60 128. 60 200. 11 •66.74
3.42
2.39
3.79
3.42
< CCorrected
anoth er.
9 Includes data no t shown separatel y .
26.69
Feb.
SURVEY OF CUEEENT BUSINESS
March 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1965
Jan.
Annual
S-27
Mar.
Feb.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter, creamery:
Production (factory)
-.
Stocks cold storage end of period
Price, wholesale, 92-score (N.Y.).
Cheese:
Production (factory), total
American whole milk
.mil. lb__ 1,442.4
66.5
- do__
.599
$perlb__
1, 337. 1
52.1
.610
132.8
63.1
.587
126.0
71.0
.587
141.6
98.9
.587
140.2
132.1
.595
146.4
165. 8
.598
135.8
207.9
.599
106.6
219.5
.602
85.9
192 5
.620
74.6
161 1
.627
78 8
124 8
.636
78 2
83 0
.641
90 3
r 52 1
.646
100 2
'33 7
.601
mil. Ib— 1, 726. 5
do_.__ 1,157.4
1, 743. 2
1, 155. 3
132.7
87.1
128. 3
83.7
153.1
100.5
162.1
110.8
179.3
129.2
179.8
128.8
161.3
113.0
142.5
96.7
127.9
82.1
126.8
77.3
119.4
70.0
13.0
76.1
131 8
80 9
326.0
311.8
298.8 292.4
308. 6
Stocks cold storage end of period
- do
283. 6
271.4
259.7 252.3
271.0
American whole milk
- ... do
78.0
9.4
6.1
1.5
79.3
Imports
_do____
Price, wholesale, American, single daisies (Chi.434
.444
.450
.444
.450
cago)
-$ Per lb_.
Condensed and evaporated milk:
Production, case goods:
94.6
9.3
4.6
8.0
97.0
Condensed (sweetened).
mil. lb._
1, 888. 1 1, 690. 5
122. 5
120. 5
133.1
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of period:
6.9
7.3
5.8
5.7
5.9
Condensed (sweetened)
mil. Ib
185.3
154.5
123.8
99.8
134. 8
Evaporated (unsweetened)
,
do
Exports:
62.8
5.9
!5.1
5.1
65.3
Condensed (sweetened)
.
do
37.3
*2.1
1.7
1.4
24.7
Evaporated (unsweetened)
-do
Price, manufacturers' average selling:
5.99
6.09
6.09
6.09
Evaporated (unsweetened)
$ per case..
6.09
Fluid milk:
Production on farms
mil. lb__ '127,000 125, 061 •10, 419 ' 9, 820 11, 155
62,883 60, 577
5,075 4,939
5,765
Utilization in mfd. dairy products
do
4.16
4.29
4.37
4.17
Price, wholesale, U.S. average
$ per 100lb._
4.25
Dry milk:
Production:
87.6
7.5
8.5
Dry whole milk
- -.mil. lb__
84.8
8.1
183.3 203.4
186.0
Nonfat dry milk (human food) —
do.... 2, 176. 8 X, 999.0
Stocks, manufacturers', end of period:
7.0
7.7
7.6
6.7
Dry whole milk
do_
4.6
108.8
58.6
114.6
Nonfat dry milk "(human food)
.-.—..do....
f 119. 1 127.7
Exports:
13. 9
20.0
2.2
1.2
Dry whole milk
__do
».7
838.6
438.4
18.3
7.6
11.1
Nonfat dry milk (human food)
do
Price, manufacturers' average selling, nonfat dry
.146
.147
.146
.145
.144
milk (human food)
_
— $ per lb._
310.9
271.6
8.0
342.1
299.3
7.0
378.7
333.2
6.3
402.0
354.7
4.2
415.0
364.3
4.2
386.6
340.6
5.3
351 9
310.5
6.4
335 3
297 2
9.3
.441
.439
.439
.439
.441
.449
.457
.470
.490
.492
10.1
149.4
9.4
183.7
5.4
180.8
9.1
159.2
8.5
152.7
5.6
136.0
7.5
123.0
9.0
110.1
10.5
119 5
9.5
117 0
7.0
113.6
7.7
165.9
7.9
199.0
9.1
224.9
8.5
235.6
7.3
228.2
7.5
200.6
75
166. 4
59
134.8
52
103 2
7.0
1.4
6.3
1.7
3.5
2.0
4.4
2.7
6.9
2.4
2.6
2.3
5.5
2.5
3.0
1.8
10 0
2.7
87
21
6.09
6.07
6.07
6.07
6.08
6.11
6.13
6.11
ll, 305 '12, 206 '11, 742
5,942 6,435 6,354
4.02
3.89
3.86
10, 856
5,554
4.01
p
r
r
301 1
r 262 9
11 4
11 4
308 6
r 271 0
6 12
9 865
4 362
'4.54
.627
274 7
236 1
.501
6 14
!0, 046 ' 9, 404 '9 446 ''9 106 r g 556
4,800 4,055 3 866 3 722 4 070
4.41
4.18
4.62
4.60
4.55
00 Q
f
8.5
217.3
7.6
244.6
7.7
224.9
5.6
169.8
4.7
131.2
5.4
100.6
62
102.0
73
105.2
7g
130.7
7.7
153.3
7.8
154.9
7.6
135.5
6.8
111.5
6.0
72.9
50
64.8
43
59.3
46
58.6
50
59.6
1.8
51.0
2.7
30.3
1.2
44.4
1.1
53.0
3.1
63.3
1.1
69.2
1.8
64.6
1.8
21.5
1.2
14.0
1.2
16.9
.145
.145
.145
.146
.147
.148
.148
.149
.150
.151
114.8
120.4
127.3
127.5
120.3
124.3
134.8
' 144. 2
132.4
4.50
84
129.8
8.8
123.2
9 254
112.0
42
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats rye, wheat) _. .mil. bu_. 1,385.8
Barley:
Production (crop estimate)
do
Stocks (domestic), end of period
_
do
On farms
_
do
Off farms
do_ _.
Exports, including malt§
. - - --do
Prices, wholesale (Minneapolis):
No 2 malting
$ per bu
No 3, straight
.. .
do
1.385.4
i 29. 7
67.3
142.4
2 402. 9
309.9
190.1
119.9
74.4
2 411. 9
312.8
195. 2
117.5
65.9
*1.2
2.5
204.8
107.0
97.8
2.3
3.7
7.8
3101.8
340.7
61.1
9.3
5.2
5.0
400.7
257.2
143.5
6.8
8.5
8.3
312.8
195.2
117 5
5.1
1.21
1.13
1.33
1.27
1.27
1.21
1.31
1.25
1.31
1.23
1.33
1.23
1.39
1.32
1.39
1.27
1.34
1.23
1.28
1.26
1.27
1.25
1 31
1.28
1.38
1.36
1.34
1.33
1.37
1.35
1 40
1 38
Corn:
Production (crop estimate, grain only) .mil. bu_. 23,584
193.6
Grindings wet process
do
24,171
204.9
16.7
15.9
17.5
16.8
17.3
17.1
16.8
18.5
17.3
17 9
17 4
15.8
16 0
15 2
3,956
2,818
1,137
481.6
4.099
3,142
957
598.9
17.7
40. 3
2,862
1,923
939
68.1
42.1
46.3
1,934
1,283
650
57.5
51.6
48.8
31,170
3604
3 566
43.3
52.9
73.6
4,099
3,142
957
66.7
48.9
1.23
1.23
1.28
1.25
1.26
1.28
1.29
1.26
1.31
1.28
1.33
1.31
1.36
1.31
1.34
1.28
1.33
1.26
1.28
1.21
1.28
1.23
1.19
1 19
1.14
1 14
1.21
1.19
1.29
1.27
Oats:
Production (crop estimate)
_ ..mil. bu__
Stocks (domestic), end of period, total
do
On farms
. __ _. .
__do____
Off farms
do
2ggo
710
622
88
2959
783
680
102
Exports, including oatmeal
.
. ..do .
Price, wholesale, No. 2, white (Chicago)
$ per bu__
4.6
24.3
.70
.74
73.1
2 76. 9
1,523
1,025
1,491
1,033
Stocks (domestic), end of period, total, .mil. bu__
On farms
do _
Off farms
__do_ .
Exports, including meal and
flour
do
Prices, wholesale:
No 3, yellow (Chicago)
$ per bu._
Weighted avg., 5 markets, all grades
do _
Rice:
Production (crop estimate)
mil. bags 9 .
California mills:
Receipts, domestic, rough
mil. Ib
Shipments from mills, milled rice
do _
Stocks, rough and cleaned (cleaned basis), end
of period
mil. Ib
Southern States mills (Ark., La., Tenn., Tex.):
Receipts, rough from producers
mil Ib
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis), end of period
mil. Ib
Exports .
do
Price wholesale Nato No 2 (N 0 )
$perlb
2
473
402
71
.1
783
680
102
.5
.7
2.3
2.9
4.3
5.6
6.9
1.1
.3
.78
.72
.74
.77
.77
.74
.72
.72
.71
.70
.72
.77
.78
121
58
186
182
197
114
158
151
125
134
82
45
79
76
65
28
59
46
173
37
112
77
133
85
121
137
(14)
(4)
(*)
185
207
210
161
189
150
91
98
70
87
72
122
180
207
5,711
4,020
306
270
158
175
101
438
102
341
62
275
66
6
422
238
220
907
244
1,547
385
1,403
442
482
408
337
400
332
360
1 670
2,933
086
1,641
3,049
.083
1,615
119
.083
1,535
143
.083
1,225
540
.083
945
161
.084
718
392
084
374
247
.084
334
322
084
709
97
.082
1, 356
151
.082
1,859
245
.080
1,787
440
r
.082
1,641
292
082
.78
158
5 543
3 665
1, 527
335
".082
Rye:
233.3
233 3
Production (crop estimate)
mil bu
28 5
17.6
Stocks (domestic), end of period
do
21.3
Price, wholesale, No. 2 ( Minneapolis).. $ per bu_.
1.18
1.28
1.15
1.17
1.18
'Revised.
» Preliminary.
'See note "O" for p. S-21.
2 Crop estimate for the
ear.
s old crop only; new crop not reported until beginning of new crop year (July for
•arley, oats, rye, and wheat; Oct. for corn).
944
806
139
3283
3220
363
1.29
1 24
28.5
3 12.9
36.6
1.13
1.15
1.17
1.14
1.10
1.11
i.I§ 1.18. 1.25 1.22
1.16
4
5
Less than 50,000 bu.
Beginning June 1965, data include shipments to Gov't. agencies
§ Excludes pearl barley.
9 Bags of 100 Ib.
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1965
Jan.
Annual
March 1966
Feb.
Mar.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS^Con.
Wheat:
Production (crop estimate) , total
Spring wheat
Winter wheat
Distribution
mil. bu
do
do
_ do
1
1
1, 291 1 1, 327
1
1
303
266
1 025 i 1 024
1,438
1,458
Stocks (domestic), end of period, total
On farms
Off farms
do
do
do
1,450
390
1 060
Exports, total, including
Wheat only
do _
do
819.5
746.2
694.0
646 3
304
1,339
408
931
flour
320.8
3
19.7
24.5
22.6
71.8
69.1
Prices, wholesaler
No. 1, dark northern spring (Minneapolis)
1.80
$ per bu__
1.80
1.80
1.83
2.06
1.63
1.57
1.61
No. 2, hd. and dk. hd. winter (Kans. City) .do
1.86
1.58
1.69
1.70
1.69
Weighted avg., 6 markets, all grades
do
1.92
1.70
Wheat flour:
Production:
Flour
thous. sacks (100 Ib.) 265, 621 254, 568 20, 166 18, 102 22, 629
92.7
83.3
89.6
90 9
Operations percent of capacity
93 5
4,693
336
419
377
Offal
thous. sh tons
4 941
Grindings of wheat
thous bu
602 209 575 874 45 750 41 042 51 068
Stocks held by mills, end of period
4 314
4 709
thous sacks (100 Ib )
5 068
3
812 r 1 188
467
31 475
20 464
Exports
do
Prices, wholesale:
Spring, standard patent (Minneapolis)
5 652
5 610
5 585
5 560
$ per 100 Ib
5 784
5 387
5 310
5 303
Winter hard 95% patent (Kans City) do
5 390
5 464
436
328
2
1,146
264
882
818
2133
2685
370
1. 339
' Ir 708
563
1 146
408
931
68.8
62.3
65.4
62.6
59.7
56. 1
68.2
64.9
63.6
58.3
69.4
64.2
67.2
60.6
55.2
51.0
59.5
55.0
58.5
56.3
1.81
1.54
1.67
1.81
1.52
1.65
1.81
1.46
1.61
1.86
1.50
1.64
1.79
1.59
1.70
1.84
1.61
1.76
1.84
1.63
1.72
1.88
1.65
1.76
1.87
1.64
1.75
1.86
1.66
1.75
20,128
83.3
373
45 511
19, 656
89.5
364
44 331
23, 500
97.1
433
53, 168
18, 689
80.9
346
42, 328
22, 169
91.6
23, 307
101.8
21, 543
85.5
20. 187
87.8
50, 275
52, 838
23,399 r 21, 296
102.1
'93.0
'388
428
52, 816 ••48,105
48, 642
45, 661
2 792
1 195
4,846
1,554
1, 403
2,227
4 136
2,250
2,826
1,775
4,314
1,924
955
5 585
5 280
5.573
5 260
5.740
5 360
6.013
5 653
5.938
5 610
5.875
5 577
5.975
5.600
'5.988
' 5. 617
5.963
5.617
P5.984
P 5. 617
408
431
392
1.89
1.65
1.77
367
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
Calves
thous. animals
Cattle
_
do
Receipts at 26 public markets
do__ _
Shipments feeder to 8 corn-belt States
do
Prices, wholesale:
Beef steers (Chicago)
$ per 100 Ib
Steers, stocker and feeder (Kansas City)__do
Calves vealers (Natl Stockyards 111 ) do
Hogs:
Slaughter (federally inspected) thous animals
Receipts at 26 public markets __ _ _ do
Prices:
Wholesale, average, all grades (Chicago)
$perl001bHog- corn price ratio (bu. of corn equal in value
to 100 Ib. live hog)
Sheep and lambs:
Slaughter (federally inspected) thous animals
Receipts at 26 public markets.
do _
Shipments, feeder, to 8 corn-belt States
do
Prices, wholesale:
Lambs, average (Chicago)
$ per 100 lb__
428
478
492
470
4, 820
25, 133
14, 779
7 096
5,076
26, 614
13, 994
7 230
404
2,166
1,207
428
384
1,919
965
279
473
2,226
1,113
332
411
2,021
911
354
340
2,043
995
359
378
2,219
1,152
090
387
2,238
1,045
338
2,337
1,254
2,406
1,304
906
2,390
1,412
1,261
2,334
1, 497
1,403
22.86
19.79
26 21
25.83
22.50
27 17
23.83
19.88
28 50
23.50
19.85
30 50
23.80
21.31
27 50
25.01
22.04
29 50
26.40
22.68
27 00
27.44
23.88
27.50
26.71
23.22
25 50
27.01
22.97
23.50
26.93
22.92
25.00
26.58
22.88
25.00
26.33
23.02
' 27. 00
71 667
••19,114
63 708
15, 386
6 047
1,' 527
5 301
1,294
6 534
1,480
5 802
1,274
4 719
1,199
4 717
1,260
4 430
1,090
4 750
1,166
5 475
1, 228
5,421
1,231
' 14. 89
20.98
15.58
16.56
16.72
17.26
19.86
22.26
23. 09
23.88
22.49
18.1
13.4
14.0
13.8
13.7
16.0
18.1
18.9
20.2
18.7
12 947
' 4, 436
2 547
11 710
3,450
2 157
1 062
278
122
850
209
129
986
227
133
989
199
136
918
229
115
966
294
136
976
278
113
973
334
191
21.93
24.29
22.25
23.88
25.00
23.25
26.50
26.00
24.75
29 676
28 336
2 518
2 187
2 595
2 352
2 165
2,288
702
665
1 088
484
537
1 012
'706
3
16
41
681
33
63
689
68
108
675
44
72
610
44
87
493
37
81
15, 653
328
57
841
15, 996
269
45
718
1,341
r
307
3
3
30
1,188
268
6
39
1,366
259
8
73
1,235
235
4
39
1,239
216
2
62
1, 330
182
.398
433
.403
.404
.403
.418
624
13
576
12
54
12
43
11
50
11
13 399
11 766
1 123
956
10 445
284
133
210
9 330
152
53
262
883
'309
33
7
751
319
4
21
.458
.443
542
.532
.483
.460
2 153
127
682
.136
1 772
62
251
.153
175
151
3
23
.148
13.2
433
2,314
1,128
382
2,304
1, 110
943
26.41 « 26. 65
24.12
24.64
29.50 " 32. 00
27.55
26.38
5,503
1,357
5,010
1,263
4,719
1,161
1,091
23.19
24.07
26.85
27.26
27.15
21.6
23.7
24.8
23.9
23.7
1 106
1,032
384
392
943
359
187
910
271
161
907
254
107
206
23.75
23.00
23.50
23.75
25.88
27.88
28.25
2,194
2,283
2,459
2,462
2,465
2,386
2 348
442
37
93
399
45
98
400
50
102
410
56
104
453
55
93
••484
50
99
487
42
92
1,370
1,413
1,410
1,397
'269
1, 413
3
61
262
5
58
255
54
1,323
177
2
66
.446
.462
.446
.450
.450
.439
.435
.441
.449
.450
49
11
45
11
45
10
46
10
46
53
50
47
46
47
1 179
1 067
881
894
824
867
993
1,002
1,035
943
888
938
335
7
27
849
335
5
28
692
292
3
19
698
224
4
22
656
176
3
21
699
135
4
21
795
126
4
23
802
127
6
23
'817
142
6
21
751
'152
4
30
711
158
2
26
.463
.452
.472
.454
.485
.453
.498
.512
.531
.587
.563
.571
.572
.564
.542
.557
.575
.576
.622
.585
.702
.616
p . 675
.643
149
131
30
.148
175
143
18
.150
159
147
38
.156
138
107
20
.140
144
98
14
.144
122
82
122
144
146
158
139
129
.161
.151
.163
.165
.158
.156
533
382
342
710
484
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in) , inspected
slaughter
mil Ib
Stocks (excluding lard), cold storage, end of
period
mil. Ib
Exports (meat and meat preparations)
do
Imports (meat and meat preparations)
do
Beef and veal:
Production, inspected slaughter
do_ _
Stocks, cold storage, end of period
do
Exports
do
Imports
do
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)____
___$perlbLamb and mutton:
Production, inspected slaughter
mil Ib
Stocks, cold storage, end of period __ _ _ do
Pork (including lard), production, inspected
slaughter
mil Ib
Pork (excluding lard) :
Production inspected slaughter
do
Stocks, cold storage, end of period
do_ ._
Exports
_
do
Imports
do
Prices, wholesale:
Hams, smoked, composite
$ per Ib
Fresh loins, 8-12 Ib. average (New York) ._do
Lard:
Production, inspected slaughter
mil. Ib
Stocks, dry and cold storage, end of period. _do_ .
Exports
_
do
Price, wholesale, refined (Chicago)
$ ner lb__
'1Revised.
p Preliminary.
Crop estimate for the year.
' Corrected
r
2
3
%
29
186
2
87
10
69
13
202
3
71
10
62
19
211
2
72
13
59
16
1,383
244
6
65
12
66
10
12
62
21
10
504
11
178
.628
60
6
p . 169
Old crop only; new grain not reported until beginning of new crop year (July for wheat).
See note "O" for p. S-21.
SURVEY OF CURRENT BUSINESS
March 1966
Unless otherwise stated, statistics through 1964
and descriptive note- are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
| 1965
Jan.
Annual
S-29
Feb.
Mar.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. lb_.
Stocks, cold storage (frozen) , end of period, total
mil. lb_Turkeys . _ _
do _
Price, in Georgia producing area, live broilers
$ per lb__
Eggs:
Production on farms
.mil. casesO
Stocks , cold storage, end of period:
Shell
_
thous. casesO._
Frozen- __
_ _ ___
- mil. Ib _
Price, wholesale, extras, large (delivered; Chicago)
$per doz._
7,546
7,998
560
469
526
541
563
645
683
773
847
877
819
695
589
357
207
315
200
340
195
300
167
252
135
213
104
176
81
158
69
175
86
237
145
341
242
468
361
390
279
'315
'200
'284
r 181
246
155
.137
.145
.135
.145
.150
.145
.150
.155
.155
.150
.145
.135
.140
.140
.155
.155
179.5
179 9
15.4
14.1
15.8
15.5
16.0
15.1
15.0
14 6
14 1
14 7
14 4
15 1
15 0
13 7
62
58
85
51
57
54
41
53
38
55
53
56
321
67
525
84
521
98
.423
100
321
95
234
81
126
64
'85
51
76
38
19
29
.331
.328
.261
.277
.291
.308
.273
.294
.298
.341
.384
.391
.410
.411
.375
.412
Cocoa (cacao) beans:
Imports (incl. shells)
___thous. Ig. tons .
Price, wholesale, Accra (New York)
$ per lb-_
268.4
.234
354. 4
. 172
8.0
.226
22.0
.201
25.4
.168
25.5
.164
40.2
.159
37.7
.134
26.0
.118
36.2
.161
48.5
.171
32.4
.171
27.2
'.184
25 2
.213
41 9
.239
.221
Coffee (green) :
Inventories (roasters', importers', dealers'), end
of period
thous. bagscf - Roastings (green weight)
__d!o
4,470
22, 374
3 195
21, 680
22, 823
7,212
21 290
5 742
461
156
1,296
.479
1,395
.451
1,406
.450
117
.463
116
.453
123
215
230
192
167
198
973
598
' 4, 408
5,505
1,903
4,153
5,796
1,966
599
1,870
MISCELLANEOUS FOOD PRODUCTS
Imports, total.do
From Brazil
.
do
Price, wholesale, Santos, No. 4 (New York)
$per lb._
Confectionery, manufacturers' sales
mil. $._
Fish:
Stocks, cold storage, end of period
..mil. lb__
Sugar:
Cuban stocks, raw, end of period
thous. Spanish tons..
United States:
Deliveries and supply (raw basis) :§
Production and receipts:
Production
____tfaous. sh. tons...
Entries from off-shore , total 9 . _
do
Hawaii and Puerto Rico
do
Deliveries, total 9
do
For domestic consumption.
do
Stocks, raw and ref., end of period- .-.--do
Exports, raw and refined
Imports:
Raw sugar, total?
From the Philippines
Refined sugar, total..-
2 446
525
1 659
333
1 554
1 831
1 206
2 666
2 549
2 254
*846
1 R9Q
736
.455
104
.445
162
.438
152
.438
'145
.440
'124
.440
119
.425
192
210
228
231
232
'230
210
176
3, 055
2,823
2,133
1,598
1,098
973
1,000
1,570
961
933
457
.458
109
.453
84
.460
94
.455
76
141
137
152
166
' 1, 418
2,105
3,275
3,200
3,525
215
215
108
1,502
110
107
196
197
753
745
617
609
797
780
145
83
278
65
411
551
802
245
240
253
239
120
401
198
317
191
612
250
355
141
316
114
775
756
855
846
883
876
957
950
1 006
826
815
98
10, 021
2,647
2,893
2, 731
2,619
2,490
2,420
2,170
1,928
1,658
1 023
1,007
1,291
; 10, 151
3 195
5 837
1 812
386
167
1 556
2, 667
5 112
996
150
85
786
777
83
39
488
1,831
132
874
863
1,552
2,166
sh. tons..
4,222
2,359
178
123
347
403
196
71
290
166
121
106
137
321
76
thous. sh. tons...
do
do
3, 506
1,171
3 783
1,055
154
35
3
238
56
20
333
138
6
373
82
9
'368
r 188
r 412
r 444
72
4
69
6
'362
82
132
46
5
156
2
137
10
7.1
7
350
85
2
430
108
g
159
38
18
.069
.068
.069
.069
.066
.066
.068
.068
.067
.068
.068
.069
'.068
.067
.068
.657
.100
. 595
.095
.590
.095
.598
.095
.598
.093
.588
.093
.591
.093
.595
.095
.592
.095
.591
.095
.594
.095
.596
.096
.604
.096
.606
.096
.604
».096
130 358
4 066
7 176
16 192
15 994
10 463
11 028
6 372
9 173
14 543
9 123
13 724
12 504
10 447
2 792 5
193.6
204.6
213.0
210 8
224 2
219 9
204 2
240 2
274 Q
281 6
270 4
255 4
273 7
116. 6
121. 4
111.0
113.6
115.8
122.3
122.9
106.4
103.2
97.6
105.7
113.1
116.6
105.7
2, 773 1
212.4
220.5
236.6
213 7
242 6
270 6
229 4
226 4
218 4
213 5
231 3
257 7
257 0
85.9
103.7
Prices (New York):
Raw, wholesale
_
-$ per lb__
Refined:
Retail (incl. N.E. New Jersey)-- $ per 5 lb__
Wholesale (excl. excise tax)
$ per lb._
Tea, imports
'9, 706
9, 671
2,700
261
r
2,612
5,330
3,036
5,401
thous. Ib
84
133, 592
Baking or frying fats (incl. shortening) :
Production
._
_.
mil. Ib . 2, 664. 1
Stocks (producers' and warehouse), end of period
mil. lb_.
121.1
Salad or cooking oils:
Production
do . . . 2, 846. 1
Stocks (producers' and warehouse) , end of period
mil. Ib-.
118. 8
Margarine:
Production
_ __do
1, 857. 4
Stocks (producers' and warehouse) , end of period
mil. lb.._
48.0
Price, wholesale (colored; mfr. to wholesaler or
large retailer; delivered)--$ per lb_.
.241
' 2, 647 v 2, 744
85.9
162.3
166.9
138.5
170.0
156.1
149.0
125.7
85.5
65.9
62.2
80.3
1 904 4
163.2
167 "2
170.5
154 3
142 0
145 1
142 9
148 6
164 9
161 6
168 7
41.6
50.3
44.6
53.1
51.5
51.5
47.0
48.5
44.5
41.9
47.2
45.3
41.6
43.7
.261
.256
.259
.263
.263
.263
.263
.263
.261
.261
.261
.261
.261
".261
46.9
27.0
47.3
34 1
43.3
36.3
39 9
37 5
45 3
35 8
39 6
34 8
40 6
30 4
43 1
39 7
45 5
47 5
45 1
45 3
48 9
36 5
44 6
29 6
.069
46 5
36 8
' 175 4 182 2
PATS, OILS, AND RELATED PRODUCTS
Animal and fish fats: A
Tallow, edible:
Production (quantities rendered)
*_mil. lb._
530.1
553.2
Consumption in end products
_do _
434. 5
464. 0
Stocks (factory and warehouse) , end of period
mil. Ib.
31.1
41.7
Tallow and grease (except wool) , inedible:
4, 565. 7 4, 302. 5
Production (quantities rendered)...
do
Consumption in end products
do _. 2, 301. 4 2, 158. 0
Stocks (factory and warehouse) , end of period
413.8
mil. Ib ..
366.4
Fish and marine mammal oils:
190.2
Production
_
do
180 2
Consumption in end products
>do __
79.8
80.9
Stocks (factory and warehouse) , end of period
185.3
mil. Ib. . 139.9
' Revised.
v Preliminary.
1 See note "O" for p. S-21.
O Cases of 30 dozen.
<? Bags of 132.276 Ib.
46.4
45.3
41.7
35.0
34.9
29.8
27.6
23.9
21.5
22.6
26.0
31.1
36.4
378. 9
184.2
354 8
170.1
380.3
184.0
350 7
172.5
351 0
179.6
352 2
181.6
325 1
149 5
343 9
195 0
368 7
187 7
355 8
184 5
364 7
190 1
376 4
179 2
364 3
192 0
436.9
439.9
447.8
418.9
371.7
353.5
354. 5
320.4
351.3
368.3
391.5
' 418. 5
428.3
5
5.7
5
6.0
5
6.4
99
22 3
40 1
37 7
6.5
5.7
6.8
40 6
6.4
91
7.6
17 8
71
6.8
82
'7 5
'3 0
'7.3
5
5.4
145.7
126.9
118.0
116.0
126.4
148.1
166.1
204.4
192.1
177.5
201.4
'185.3
168.1
§ Monthly data reflect cumulative revisions for prior periods,
shown separately; see also note "§".
A For data on lard, see p. S-28.
$ Includes data not
SURVEY OF CURRENT BUSINESS
S-30
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
March 1966
1965
Jan.
Annual
Feb.
Mar.
Apr.
May
June
I
1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS- Continued
Vegetable oils and related products:
Coconut oil:
Production:
Crude
mil. lb_.
Refined
do
Consumption in end products.. _ _ _ _
do
Stocks, crude and refined (factory and warehouse) , end of period
mil. lb_.
Imports
do
Corn oil:
Production:
Crude
do
Refined
do _ _
Consumption in end products
_ _ _ do
Stocks, crude and refined (factory and warehouse) end of period
mil. Ib .
327.6
506.0
765. 4
32.4
41.7
62.6
33.9
46.3
65.0
27.5
40.8
60.3
32.5
47.1
63.7
23.5
42.1
63.2
24.9
25.6
44.5
30.6
41.4
63.2
19.7
35.6
59.6
28.7
42.3
60.8
38.2
39. 9
57. 1
36.8
38.5
60.3
28.7
53.0
59.5
383.6
154.4
143.2
71.8
148.0
64.3
166.2
42.6
169. 7
47.3
181.3
38.8
156.0
22.7
137.8
0
123.5
7.1
114. 9
24.8
106.8
34.4
127.0
18.7
154.4
11.1
130.2
109.5
413. 9
393.1
412. 2
446.1
412.8
421. 5
35.1
32.4
33.3
34.2
31.9
33.5
38.0
34.8
34.4
36.0
32.2
30.0
36.1
34.3
35.8
38.2
31.8
34.1
36.4
31.1
35.8
38.8
37.9
35.3
40.7
34.8
36.6
40.1
39.0
38.5
36.5
37.3
37.6
' 36. 0
35.3
36.6
37.3
32.6
34.8
40.1
26.1
39.4
39.3
41.7
41.5
38.4
39.6
39.3
38.5
35.4
32.0
28.6
26.1
25.8
2, 705. 7
126.8
2, 755. 5
80.9
315.4
150.6
284.0
294.5
238.5
207.6
98.9
168.5
71.9
110.8
191.0
77.7
297.9
338.4 '332.8
334.4
192.7
222.7
220.7
126.1
177.0
'80.9
96.0
1,932.8
1, 974. 2
227.3
205.9
213.6
192.8
122.0
164.6
135.5
110.8
135. 0
119.6
106.8
93.0
98.9
121.5
72.6
92.1
105. 8
50.0
80.3
113.0
132.7
95.3
133.4
212.1
149.0
145. 9
236.5 '230.9
233.3
162.4
131.1
173.1
130.3
186.4
126.3
518.7
65.4
.149
546.9
568.7
583.4
50.2
.170
492.5
420.6
292.5
236.2
34.1
.164
560.0
54.6
.135
30.6
.135
243.6
18.1
270. 9
37.9
.155
283.4
43.0
.159
48.8
.153
49.8
P. 164
181.9
91.0
96.1
175/1
121.6
1, 600. 0
1, 410. 0
1,658.3
506.3
603.5
283.4
.141
501.3
i .149
443.6
377.2
410.1
239.4
34.7
17.9
31.9
18.8
39.5
21.4
28.5
20.5
22.3
22.3
31.3
23.4
15.7
21.5
37.2
21.0
48.7
20.4
45.9
18.8
33.5
17.1
40.9
16.3
37.5
16.8
185.5
.134
213.5
.134
199.3
.139
204.2
.139
214.8
.139
212.3
.139
205. 0
.139
198.2
.137
184.6
.134
180.7
.133
184.7
.128
188.2
.128
199.9
.128
213.5
.127
216.0
v. 128
10, 635. 2 11, 179. 1 1 001.9
186.8
102.6
74.6
877.5
956.8
882.0
944.1
697.2
194. 0
856.2
205.3
856.5
181.7
239.5
846.4
163.7
133.9
74.2
999.7 1,125.6 1,135.2 1, 145. 8
199.0
463.3
377.4
408.5
448.2
395.0
359.0
415.9
367.1
340.8
448.0
373.5
368.3
406.0
390.9
397.5
403.2
340.2
362.6
408.2
375.8
373.8
.613. 8
146.6
.^41
578.4
573.3
522.1
,78.2
.121
499.0
423.0
72.7
.142
61.0
.121
5,984
7,025
43, 966
13, 440
53,208
42, 519
38, 749
35, 737
15, 163
36, 116
20, 802
16,687
12, 677 '15,450
14,213
3,705
4,014
43, 483
633
$ per Ib
Linseed oil:
Production crude (raw)
mil. Ib
Consumption in end products
do
Stocks, crude and refined (factory and ware-
Soybean cake and meal:
Production
thous sh tons
Stocks (at oil mills), end of period
...do —
Soybean oil:
Production:
Crude
-- - mil. Ib. _
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of period
mil. Ib
Exports (crude and refined)
..do —
Price, wholesale (refined; N.Y.)
$ per lb.
36.7
46.8
63.2
723.5
154.0
397.1
Cottonseed cake and meal:
Production
thous sh. tons .
Stocks (at oil mills) , end of period
do —
Cottonseed oil:
Production:
Crude
- - mil. Ib. ..
Refined
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of period
mil Ib
Price wholesale (drums* N Y )
488. 1
365.4
4,943.8
4, 591. 8
4, 423. 6
1, 468. 2
5,235.5
4, 547. 3
4, 423. 3
544.2
374.8
1, 273. 2
.123
1, 026. 7
.134
2 2, 227
172.9
121.3
321.7
348. 2
319.1
586.6
606.0
68.4
.139
91.7
.145
26.9
.146
50.3
.138
41.5
.137
305.6
74.6
106.1
519.8
533.1
97.2
104.3
329.5
357.6
385.3
474.8
353.2
366.2
510.1
423.2
399.9
445.2
297. 4
89.9
.138
373. 0
28.5
.132
401.1
36.6
.137
374.8
99.3
.132
36, 137
14, 210
32, 554
16, 181
'5,321
50,425
15,382
44, 051
71,273
14, 937
62, 288
11, 527
13, 143 '15,141
12,112
15, 032
14,847
14,956
13,666
11,799
3,846
3,919
40, 841 47, 063
714
659
13, 228 '14,906
2,795 2,109
4,907
46, 647
697
14, 553
1,984
4,021
44, 084
658
3,747
39, 727
607
12, 636
1,831
3,694
43,446
9, 720
186
1,147
85.1
.129
429.1
168.7
.132
464.3
453.8
419.2
44.6
P. 142
21,913
TOBACCO
Leaf:
Stocks, dealers' and manufacturers' end of period
mil. lb_
Exports, incl scrap and stems
thous. Ib.
Imports, incl. scrap and stems
do_._
Manufactured:
Production (smoking, chewing, snuff)
do.__
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
millions
Taxable
---do ....
Cigars (large) , taxable
do _.
Manufactured tobacco, taxable
thous. Ib.
Exports cigarettes
millions
5,664
5,577
514, 514
179, 651
468, 075
243,347
180, 055
166,617
42, 643
497, 446
8,106
175, 808
511, 463
7, 577
160, 624
45,046
23,052
25,144
13,583
2,088
39, 086
602
13, 098
718
3, 380
40, 210
554
12, 101
1,329
5,596
47, 385
642
15, 248
2,333
13,718
2,094
5,228
3,672
13,061
14,024
1,948
41, 771
670
14, 505
1,920
8,131
190
928
7, 737
190
841
10,513
161
1,339
9,655
253
1,036
6,772
2,607
6,083
2,271
966
4,968
1, 382
968
'696
12, 651
1,701
5,577
31,970
15, 245
4,053
37, 720
445
9,958
2,290
1, 515
12,703
311
1,277
9,645
241
935
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9 ___•
— thous. $__
Calf and kip skins
thous. skins__
Cattle hides
thous hides
Imports:
Value total 9
thous $
Sheep and lamb skins
thous. pieces ..
Goat and kid skins
do
Prices, wholesale (f.o.b. shipping point):
Hides steer heavy native over 53 Ib
do
LEATHER
Production:
Calf and whole kip
..thous. skins _
Cattle hide and side kip — thous. hides and kips...
Sheep and lamb
do
Exports:
Glove and garment leather
. thous. sq. ft
Upper and lining leather
do
Prices, wholesale:
Sole, bends, light, f.o.b. tannery
$ per lb__
Upper, chrome calf, B and C grades, f.o.b. tannery
$ oer sa. ft._
' Revised.
» Preliminary.
i Average of months shown.
J
Crop estimate for the year.
92, 693
2,391
11,504
106, 253
4,531
130
788
5, 150
130
702
6,037
253
1,214
10, 244
226
1,324
11, 809
210
1,496
10,023
80, 263
2,627
616
377
2,246
963
6,213
11, 659
6,322
9,330
4,288
7,353
2,799
6,298
7,664
5,545
1,893
1,409
1,825
1,430
3, 763
1,687
1,999
1,282
2,458
13,311
81, 879
30, 455
12, 882
31,850
14,411
CA-I
A.1A.
.143
.106
480
.105
AfM
eee
1 RR4.
U
30 030
2, 261
fi5/t
19 on A
ft OKQ
90 409
e-i n
31 548
520
.105
RQQ
1'085
f) nqq
1 235
2,450
2,508
550
.139
.134
532
574
2,646
2^637
f Ofl7
Kflfi
2 Q29
l' 248
2,505
46, 496 j 69, 953
42, 582
3
. 662
1.200
7nn
ftQK
1.244
1.237
1.237
1.237
820
525
520
.116
f> O(\A
enn
" . 104
1 C7K
1 14.7
OO
218
1,219
1 952 1 984
1 162 1 317
71 n
71 n
525
550
.156
.194
397
496
1 575 1 979
1 071
'973
1,902
2,723
1,225
v .625
p . 174
575
.174
.166
.575
.159
.625
.164
1 955 2 037
1 066 1 296
464
468
2,558
2,469
'542
2,068
1,434
2,714
523
2,064
1,485
2,657
7 169
7 023
6 818
6 974
750
v 771
550
QQC
K A97
K AOA
71 fl
4
5,751 5,195
1,732 1 2 361
1,391
7Qfi
7fi*»
735
750
1.271 * 1.280
1.253
1.230
1.247
a Effective Jan. 1965, data are for all leather, except sole and rough; see note "O" for p. S-21.
{Revisions for 2d qtr. 1963-4th qtr. 1964 (mil. Ib.): 4,692; 4,791; 5,287; 5,314; 4,961; 5,069; 5,664.
9 Includes data for items not shown separately.
1.243
1.252
1.248
1.238
1.238
SURVEY OF CURRENT BUSINESS
March 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
| 1965
Annual
S-31
Jan.
Feb.
Mar.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers: t
Production, total
_
thous. pairs. .
Shoes, sandals, and play shoes, except athletic
thous. pairs. .
Slippers
_
do
Athletic
.
-_do
Other footwear
--do
Exports
_-
do
Prices, wholesale, f.o.b. factory:
Men's and boys' oxfords, dress, elk or side
upper , Goodyear welt . _ _ 1957-59 =100- _
Women's oxfords, elk side upper, Goodyear
welt
1957-59=100,
Women's pumps, low-medium quality.- .do
612,789
630,070
52,426
52, 779
59, 926
52,365
49, 436
51, 145
46,268
57, 105
53, 859
51, 760
50,270
52, 731
516, 124
79, 267
7, 116
10, 282
535, 213
85, 770
6,746
2,341
46, 800
4,876
559
191
46,388
5,585
629
177
51, 817
7,223
702
184
44,837
6,699
629
200
41, 557
7,097
580
202
43,084
7,241
587
233
39,782
5,974
353
159
48,184
8, 185
549
187
44,358
8,714
571
216
41, 795
9,224
503
238
40, 969
8,566
544
191
45,642
6,386
540
163
1,912
i 2, 533
98
190
291
247
171
115
191
231
237
285
255
221
105. 9
111.0
108.0
108.0
108.0
109.6
109.6
109.6
109.6
110.1
110.1
116.5
116. 5
116.5
116 5
106.5
111.0
107. 3
113.0
106.5
111.1
106. 5
111. 1
106.5
111.0
106.5
111.2
106.5
111.3
106. 5
111.2
106.5
112.8
106.5
112.4
106. 5
112.4
109.7
117.3
109.7
116.6
109 7
117.0
109 7
118.6
186
LUMBER AND PRODUCTS
LUMBER— ALL TYPES
National Lumber Manufacturers Association:
Production, total.
_
mil. bd. ft. Hardwoods __
do
Softwoods
do
Shipments, total
Hardwoods
__
Softwoods
_
___.
do
__.do
do
Stocks (gross) , mill, end of period, total — do
Hardwoods
___
______
do_-_.
Softwoods..
do
35,408
5,891
29, 517
36,158
6 129
30 029
2,488
465
2,023
2,723
485
2,238
3,270
478
2,792
2,981
470
2,511
2,980
533
2,447
3,111
539
2,572
2,969
518
2, 451
3,262
552
2,710
3,349
507
2,842
3,128
539
2,589
2,970
539
2 431
2 927
504
2 423
2 691
*476
2 215
35, 587
6,290
29, 297
36 680
6 465
30, 215
2,657
520
2,137
2, 807
557
2,250
3,107
550
2,557
3,088
528
2, 560
3,112
557
2,555
3 299
539
2,690
3,193
515
2,678
3 316
548
2,768
3 208
537
2,671
3,163
568
2,595
2 888
550
2,338
2 912
496
2 416
2 860
507
2 353
6,434
1,536
4,898
5, 728
1, 151
4 577
6,274
1,474
4,800
6,180
1,394
4,786
6,225
1,312
4,913
6,106
1,250
4,856
5,974
1,224
4,750
5,864
1,224
4 640
5,645
1,226
4 419
5, 566
1,229
4 337
5,698
1,196
4 502
5,676
1,161
4 515
5,733
1,147
4 586
5,728
1 151
4 577
5,618
1 120
4 498
Exports, total sawmill products
Imports, total sawmill products
.do ...
do
957
5,240
962
5,163
170
180
50
378
84
520
76
394
81
411
70
532
86
500
85
513
77
449
87
429
67
412
131
444
70
345
SOFTWOOD
Douglas fir:
Orders, new
„ _ __ _
Orders, unfilled, end of period
mil. bd. ft_.
do
8,916
607
9 289
620
858
750
550
656
802
676
814
684
782
682
814
624
838
673
773
654
719
550
739
518
752
523
848
620
793
_do
do
_ do_ _ _ _
8,967
8 845
1,075
9,256
9 277
1,079
663
716
1,038
721
643
1,115
867
782
1,200
820
806
1,215
742
785
1,172
804
872
1,104
712
788
1,021
788
792
998
832
823
1,007
772
771
1,043
777
747
1,073
758
752
1,079
Exports, total sawmill products
__do-_._
Sawed timber
do
Boards, planks, scantlings, etc
-do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$ per M bd. ft_.
Flooring, C and better, F. G., I" x 4", R. L.
$perMbd.ft__
Southern pine:
Orders, new
.mil. bd. ft_.
Orders, unfilled, end of period
__o'o
369
136
233
445
111
334
»35
19
125
26
8
17
33
11
22
32
11
21
35
11
24
28
7
21
38
15
23
32
7
25
34
9
25
40
12
29
26
5
22
87
6
80
Production...
Shipments
Stocks (gross) , mill, end of period.
738
732
OAf\
1,063 - — 31
10
21
81. 14
82.16
82. 60
83.45
82.64
81.69
81.22
80.01
80.84
83.34
83.46
82.27 * 82. 14
82.25 *83.55
153.07
156. 85
155.52
157. 64
158. 19
158. 19
158. 19
157. 10
157. 10
155. 79
155. 79
155. 79 ' 156.43
156.44 "157.66
6,346
281
6,864
366
583
357
475
346
568
341
582
381
618
380
579
374
605
387
615
388
591
373
572
367
534
349
542
366
564
418
Production
do
6,346
Shipments
_
do
6,321
Stocks (gross) , mill and concentration yards, end
1,362
of period
...mil. bd. ft_.
Exports, total sawmill products
M bd. ft._ 102,684
Sawed timber _
do
11,709
Boards, planks, scantlings, etc....
___do
90, 975
Prices, wholesale, (indexes):
Boards, No. 2 and better, I" x 6'", R. I*.
1957-59= 100. _
92.7
Flooring, B and better, F. G., I" x 4", S. L.
1957-59=10095.3
Western pine:
Orders, new..__
_
_
__mil. bd. It-- 10, 565
Orders, unfilled, end of period
_
do
463
6 504
6 779
500
507
498
486
566
573
560
572
519
589
540
585
562
592
543
614
582
606
548
578
541
552
545
525
504
512
1,355
1,087
100, 581 i 2, 515
1,367
4,790
1,360
12, 117
1,348
10,932
1, 278
12, 380
1,233
9,126
1,203
8,136
1,132
8,762
1,108
6,212
1,078
8,694
1,067
9,466
1,087
7,451
1,079
10,106
Production
do
Shipments
_
_
_
do
Stocks (gross) , mill, end of period
do
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over)
_$ per M bd. ft.
94.3
92.3
92.5
92.6
92.3
92.0
92.5
93.4
95.0
96.0
96.2
98.0
98. 7
99.8
97.1
95.6
95.6
95.6
96.0
96.0
96.3
96.8
97.3
98.2
98.8
99. 1
100.1
100.8
11, 057
535
813
537
806
479
960
524
889
511
906
505
947
532
1,064
590
1,025
526
935
507
943
491
774
456
995
535
940
627
10, 579
10, 449
1,809
10, 875
10 951
1,732
646
738
1,716
766
865
1,617
965
916
1,666
848
901
1,613
923
912
1,624
938
921
1,641
917
1 068 1 124
1 005 1 055
954
1,553
1 566 1>736
969
959
1,746
839
809
1,776
872
916
1 732
708
769
1 671
65.49
67. 42
63.66
68.44
70.55
70.70
70.33
68.28
66.65
66. 34
67.53
31.9
10. 1
28.5
31.2
4.0
31.2
11.1
29.0
30.2
3.1
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
2.4
11.8
2.6
2.4
5.0
2.4
•11.6
2.5
2.6
4.8
3.1
11 8
2.9
3.2
4.4
3.4
11.9
2.4
3.0
3.8
1.9
11 4
22
2.9
3.1
2.6
11 4
26
2.7
3.0
2.6
11 1
2.3
2.5
3.1
2.9
11 8
2.0
2.1
2.8
2.0
11 1
2.6
2.4
3.1
3.0
12 0
23
2.2
3.1
819.6
35.6
842.2
824.2
54.5
818.4
64.3
778.7
783.3
35.4
65.8
39.4
65.0
62.0
57.5
58.3
45.8
60.1
54.7
60.2
63.2
47.7
64.3
63.7
58.5
71.2
54.6
64.9
66.2
56.7
72.2
61.9
61.7
62.6
51.8
69.5
56.2
65.1
70.0
46.7
73.2
62.2
63.5
67.2
42.9
83.3
70.0
68 9
72 5
37. 7
71.6
70.2
70 7
71.4
37.0
64.0
69.2
64.6
66.4
34,9
62.0
69.8
63.9
61.4
35.8
64.2
64.3
65.9
65.0
35.4
78.0
80.5
61.4
61.7
35.0
67.07 ••65 55
63.91 v 63.91
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new.
.. mil. bd. ft-.
Orders, unfilled, end of period
do
Production ,
_
„_
do
Shipments. _
_ ___
do. ._
Stocks (gross) , mill, end of period
- do. _ _
Oak:
Orders, new,
_
_
_ _ do
Orders, unfilled, end of period .
__.do> __
Production
do
Shipments
do
Stocks (gross) , mill, end of period
do. __
r
Revised.
» Preliminary.
* See note "O" for p. 8-21.
J Revisions for Jan.-0ct. 1964 are shown in Bu, of Census report M31A(64)-13.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
| 1965
1965
Jan.
Annual
March 1966
Feb.
Mar.
May
Apr.
June
1966
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
Feb.
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous. sh. tons
Scrap
-- do
Pig iron
do . _
Imports:
Steel mill products
Scrap
Pig iron
-- - -
do -. do
-do
3,435
7,881
176
6 440
299
751
2 496
6 170
28
1 115
i 281
162
344
3
281
770
3
230
597
5
200
623
2
177
472
1
188
711
1
195
561
2
204
550
2
254
334
1
218
509
1
274
417
6
175
343
1
452
16
32
1 025
908
21
68
1 014
1 192
1,094
17
99
28
80
1,061
18
28
22
96
786
15
114
892
18
101
939
20
96
671
24
106
668
21
38
284
463
821
417
7 ftft9
8 446
5 174
3 272
8 529
6 915
8 300
5 002
3*298
8 248
6 960
8 111
4 890
3 221
8 043
7 027
8 083
4 863
3 220
8 021
7 066
7
4
2
7
7
569
728
840
582
051
7,608
4,731
2 877
7,515
7 184
7,034
4,434
2,600
7,009
7 213
Cl 2)
10 383
347
19
29
235
916
17
67
Iron and Steel Scrap
DCJUlp IUr Lull U.
1
.
purcnaseci p pap rpeceVp/i (net^) .
e sc sc
pp{
Jr
^
L/onsumpiion, o
_
n prjnd
do
do
Prices,' steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ per Ig. ton
Pittsburgh district
- --do
84 093
52 262
3l' 831
84 626
7 413
7 467
4* 742
2 725
7 756
7
1OQ
7
4
2
7
32 77
34 70
33 36
35.00
36 61
39 00
35 79
38 00
35 41
36.75
35 52
37.50
35.66
38.50
33.88
35.00
33.84
35.00
32.73
35.00
30.67
31.00
29.30
32.00
29. 58
31.50
31.25
33.00
32.34
33.51
3
84 836
385 184
42 417
87 420
85 801
45, 105
4 516
1 782
2 192
4 169
1 747
2 382
4 780
1 966
2 943
5 469
4 622
3 489
9 144
10, 913
4,120
10 102
11, 333
5,106
10 508
12,481
4,505
10 851
11, 699
5,128
10,282
10,366
3,894
8,892
9,955
4,093
4,543
6,294
4, 131
4,164
2, 643
3,123
1,898
118 325
191 964
125 143
7,085
68, 781
12 290
53,997
2,494
U E99
U39
65, 171
12 310
49 635
3 226
4 053
in 44fi
195
60, 990
14 732
43 249
3 009
4 748
11 566
7 081
11 162
'516
52, 577
18 393
32 350
1,834
14 082
11 682
15 256
11 083
12,929
8,976
778
10, 050
8,213
544
55, 909
15, 392
38, 923
1,594
15 367
10 897
1,033
62, 675
12, 572
48, 181
1,922
13, 224
9 764
53, 079
16, 624
34, 750
1,705
15 929
11 133
1^037
58, 931
13,420
43, 710
1,801
66, 357
12,486
51, 641
2,230
ftQ 4RR
11,424
55, 594
2,448
10, 732
57,430
2,556
5,266
8,699
437
68. 781
12, 290
53, 997
2,494
47, 562
2,488
1 272
Q7
1ft4
97
109
74
115
105
125
98
154
117
6,310
5,880
6 327
6,910
62.75
62.75
63.00 P63.00
63.50 P63.50
Ore
Iron ore (operations in all U.S. districts) :
IVTinp nroduction
thous Ig tons
Shipments from mines
do
TJ.S. and foreign ores and ore agglomerates:
Exports
.Stocks, total, end of period
do --do
At furnace yards
At U S docks
do
do
m iQ7
6,963
71,677
10 752
57 184
3 741
1
/yjO
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
O QO1
Foundry, No. 2, Northern
Castings, gray iron:
Orders, unfilled, for sale, end of period
do _.
62.75
63 00
63.50
Shipments, total
i
For sale
Castings, malleable iron:
Orders, unfilled, for sale, end of period
do ....
do___
14,316
8,132
Shipments, total
For sale
QKK
331
8 9nd
8 309
7
8 030
8 195
8*165
7 849
7,864
7 780
7,836
7 661
7,' 762
6 690
6,' 794
9 374.
o ^nn
o 4fto
2 508
2 505
2 416
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
62.75
63.00
63.50
r g34
925
1,282
892
1,302
881
1,322
876
1,273
709
••842
"1,178
777
165
81
171
176
172
105
81
90
95
54
'174
••93
9,949
124.6
9,296
112.7
393
404
QK1
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
Q4Q
1, 201
674
974
1,425
814
940
1,404
816
960
1,376
822
1,454
869
-IOC
•IOQ
1 ^9
95
90
109
100
96
54
50
61
56
53
12,347
149.7
11, 966
149.9
12, 012
145.6
11, 593
145.2
11, 551
140. 0
11,324
137.3
qejr
r ^99
178
368
134
389
164
K19
510
172
544
152
62.75
63. 00
63.50
62.75
63 00
63.50
875
15, 696
1,241
MA
699
3,069
9,595
275
2 446
62.75
63.00
63.50
01 9
174
do ...
— -do—
950
7 362
7
8 012
Stocks (consumers' and suppliers'), end of period
$perlg. ton -
56, 431
17 546
36 431
2 454
929
9 4KQ
88 173
86 382
Prices:
Composite
196
1,001
589
1,137
127, 076
130.5
131, 185
135.0
11,830
143.4
10, 866
145.8
158
124
159
r
gg
KA
Kft
r 689
r 52
875
1,238
679
174
102
59
Steel, Crude, Semifinished, and Finished
Steel ingots and steel for castings:
Production
_ .
thous. sh. tons
Index
-daily average 1957-59=100
Steel castings: Orders, unfilled, for sale, end of period
thous. sh. tons
Shipments, total
do-._
Forsale, total
do._Steel forgings (for sale) :
Orders, unfilled, end of period
-do . _ _
Shipments, total
__ _. - -_
-do __
Closed die (drop, upset, press)
do__-
337
1,835
' 1, 471
435
1,9.60
1 KRQ
'31,734
••31,334
589
2,027
1,578
Steel products, net shipments:
Total (all grades)
do _
Semifinished products...
do .
Structural shapes (heavy), steel piling. — do ...
Plates
do _ _
Rails and accessories
do __
84, 945
4,229
6,085
8,491
1,395
92, 666
4 528
6,798
9.764
181
QRO
173
125
145
137
4Q1
4Q4
4.84.
159
Q£O
162
152
190
568
154
9, 627 '10, 577 plO, 234
116. 7 ' 128. 2 p 137. 3
160
128
'428
'157
' 128
435
171
569
172
r
573
580
589
178
187
6,237
265
523
833
6,200
090
512
777
11
1
6,061
313
529
698
143
6,602
335
536
675
id.fi
-JOQ
174
143
190
192
173
125
126
151
135
127
134
114
114
8,050
385
566
844
132
7,839
414
530
742
135
9,590
10, 101
7,874
7,887
638
871
163
648
881
166
569
811
148
577
808
132
7,699
070
590
833
101
8,634
403
606
856
101
6,698
333
516
827
1,036
626
264
137
566
228
360
2,327
662
985
972
964
592
237
132
534
226
631
2,116
600
880
587
233
134
592
240
302
2,280
656
997
1,013
649
207
147
604
256
382
2,655
751
1,243
15.6
4.7
5.6
4.6
14.3
4.4
5.7
4.5
'12.9
'4.4
'5.8
*11.9
*4.8
P5.8
155
1,462
14.488
1,157
1,199
13, 199
Bars and tool steel total
do
9.344
986
786
848
8,401
Bars: Hot rolled (incl. light" shapes)
do ..
3,150
262
186
201
3,229
Reinforcing
do . _.
1,877
203
155
160
1,467
Cold
finished
do
8.689
970
688
601
8,137
Pipe and tubing
do
3,484
369
280
273
3,105
Wire and wire products
_
.do ..
6,659
818
636
635
6,083
Tin mill products..
do ...
36, 733
3,829
3,256
3,415
34, 222
Sheets and strip (incl. electrical), total. _ _do ...
10, 630
1,060
929
955
9,948
Sheets* Hot rolled
do 16, 571
1,774
1,507
1,610
15, 699
Cold rolled.
do
Steel mill products, inventories, end of period:
13.7
12.5
11.9
12.9
11.2
Consumers' (manufacturers only) ..mil. sh. tons7.3
5.9
6.0
62.4
68.7
Receipts during month
_do 6.:
5.3
5.3
60.5
67.0
Consumption during month
-do ..
4.:
4.
4.
4.1
4.5
Service centers (warehouses)
do Producing mills:
7.9
9.2
9. 0
9.1
8.5
In process (ingots, semifinished, etc.)... do ..
8.4
8.4
8.6
8.7
7.9
Finished (sheets, plates, bars, pipe, etc.) do ..
.0837
.0837
.0837
.0837
.0837
Steel (carbon), finished, composite pricej- _$ per lb_
r
2
Revised.
p Preliminary.
» See note "Q" for p. S-21.
Less than 500 tons.
8
Revised total; monthly revisions are not available.
fBeginpjng Jan. 1964, the composite reflects substantial changes in products and weights
used and is not comparable with earlier periods. The new composite price is based on AISI
131
8,822
110.5
9QK
3Q4
Oft
1,534
1,041
279
203
1,040
420
1,026
3,896
1,182
1,747
1,266
827
285
145
778
306
317
3,286
960
1,489
1,282
814
305
152
734
298
419
3,244
942
1,485
1,211
767
298
138
744
268
521
3,052
893
1,409
1,328
836
315
167
877
323
733
3,406
1,009
1,538
1,083
644
291
139
588
248
275
2,733
797
1,178
15.1
7.4
6.0
15.5
6.2
5.8
15.8
6.2
5.9
16.3
5.5
5.0
4.4
17.2
6.0
5.1
4.6
17.0
5.2
5.4
4.6
4.2
4.2
4.2
a
•tOQ
QQ
•tAK
14S
n
t>9 2
fi 4.
85
83
8 3
ao
p7 7
'79
7 3
7 4
7 q
7. 3
6. 7
noq7
flQQ7
AQQ7
0839
0838
0837
0837
.0837
net shipments of carbon steel and is the average price of all finished carbon steel products
(except rails and wire products) weighted by tonnage. Prices used are base prices at Pittsburgh- the average includes an additional 25% for "extra" charges but does not include freignt.
7.8
8. 1
7. 1
SURVEY OF CURRENT BUSINESS
March 1 6
96
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1965
Annual
S-33
Jan.
Feb.
Mar.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
415
365
3 199
325
413
3 151
423
339
3 222
1,298
1, 920
1,226
1 998
Feb.
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products
Fabricated structural steel:
Orders, new (net)
Shipments
Backlog, end of period
thous. sh. tons
do
do
4,500
4 241
2 712
4 868
4 321
3 151
386
316
2,740
417
294
3,751
413
365
3 022
439
351
3 071
570
318
3 279
458
363
3 245
337
329
3 268
341
413
3 176
438
383
3 179
327
411
3 177
1,154
24, 312
1,226
24 137
1,243
1,711
1,303
1,665
1,281
2,267
1,372
2,200
1,280
2 057
1,251
2,171
1,264
2,001
1,300
2,126
1,323
2,045
1,273
1,975
4,737
4,928
318
368
343
472
372
421
458
538
497
406
393
334
222.7
56.0
203.2
56.0
230.0
62.0
226.6
62.0
237.0
63.0
227.6
66.0
235.1
57.0
234.9
62.0
218.7
56.0
237.2
62.0
236.5
62.0
245.0
247.9
12 9
11
17.5
33 4
39
15.6
46 2
52
27.7
41 7
50
13.1
51 1
46
18.3
65 6
5.6
16.7
51 4
5.1
19.0
45 6
68
15.7
39 6
49
17.6
42 8
69
13.2
41 6
70
14 5
55 3
94
18 1
25 2
73
19 o
107.5
.2450
97.7
.2450
81.0
.2450
75.9
.2450
63.4
.2450
79.4
.2450
83.0
.2450
81.1
.2450
71.0
.2450
76.8
.2450
75.0
.2457
64.8
.2450
8,019 1
5, 709. 9
2, 654. 6
1, 409. 0
530.6
401.5
187.8
113. 2
614 7
414.3
196.2
116 7
778 6
528.5
263.5
136 4
726 3
531.1
275.4
122 2
785 1
535.8
270.1
115 0
713 9
517.6
248.0
121 7
599 0
436.9
201.4
96 6
648 4
456.2
200.7
103 1
636 9
461.1
201.0
117.2
636 2 r 6Q5 6
r
461 6 r 465 9
191.4 195 4
117 5
124 2
683 8
499 7
223.9
125 4
1, 246. 8 1, 354. 7
1 656.4 1, 711. 8
1 259 9 1 335 7
376.1
396 5
429.4
332.4
115.7
146 6
115 0
31 6
31.4
107 0
131 4
107 0
24 3
31.2
122 0
150 1
118 8
31 3
35 4
117 1
150 0
109 5
40 5
35 5
119 1
144 6
116 6
28 0
37.9
116 8
147 8
110 2
37 5
35.3
105.8
143 8
116 1
27 7
34 4
109 4
139 4
113 0
26 4
33 4
107.9
133 1
101 1
32 0
36 6
115.1
143 5
107 4
36 1
40.9
109 0
137 6
106 6
31 0
36 7
109.8
144 0
114 3
29 8
584.8
137 7
523.8
137 4
26.2
6 7
45.4
82
35.5
12 6
65.7
10 8
31.1
97
58.4
12 9
29.9
90
36.7
95
39.0
11 4
55.4
18 3
430 6
316 2
1, 859. 2
422 1
325 0
2, 042. 6
* 21 5
i 15 4
166.4
32 7
26 2
167.5
63 5
48 3
178 5
43 2
34 7
164 9
43 6
36 5
171 1
29 3
18 9
187 8
30 7
23 0
124 5
33 3
26 0
178 0
29 0
22 0
183 2
32 2
26 3
178.2
63.8
16 4
32 5
25 5
165 8
30 5
25 7
22 1
20 4
176 7 P 189 6
do _
do
$ per lb_.
149.6
110. 0
.3196
161.3
112.9
.3502
158.2
91 9
.3360
146 4
83 0
.3360
119 9
74 9
.3360
126 6
79 3
.3360
112 3
76 7
.3545
118 7
79 2
.3560
162 3
118 5
.3560
148 1
111 2
.3560
132 8
93 3
.3560
130 8
90 6
.3568
128 6
84 9
.3641
161 3 *>5178 3
112 9 P 114 5
.3586
.3613
Copper-base mill and foundry products, shipments
(quarterly total) :
Copper mill (brass mill) products...
mil. Ib _
Copper wire mill products (copper cont.) _ _ . do
Brass and bronze foundry products
do __
2, 787
1,992
1,063
2,974
2,177
Lead:
Production:
Mine, recoverable lead
thous. sh. tons_.
Recovered from scrap (lead cont,.)
do . .
286. 0
541.6
293.0
554.0
24.0
44.3
23.3
45.9
26.5
51.5
26.1
46.2
22.0
46.7
22.4
48.1
22.6
40 5
25.5
42 4
25.7
48.0
25.5
48,4
24.7
45 8
24.6
46 3
24.5
344.4
334.2
1 202 1 1 221 2
31.2
103 0
26.5
98 5
29.8
102 2
21.7
99 4
18.7
99 4
25.8
102 6
37.1
86 1
32.3
103 1
24.2
105 3
37.7
111 2
25.1
108 5
34.3
101 9
30.3
105 3 r 104 7 r 101 6
106 8
Barrels and drums, steel, heavy types (for sale) :
Orders, unfilled, end of period
thousShipments
_ do .
Cans (tinplate), shipments (metal consumed),
total for sale and own use
thous. sh. tons__
T
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons__ 2, 552. 7 2, 754. 5
Eeco very from scrap (aluminum content).. do
657.0
Imports (general):
527 3
Metal and alloys, crude
do
392 4
Plates, sheets, etc.
do
49.7
65 4
Exports, metal and alloys, crude _
do_ - _
208.6
207.0
Stocks, primary (at reduction plants), end of
period
thous. sh. tons..
Price, primary ingot, 99.5% min
$ per lb_.
Aluminum shipments:
Ingot and mill products (net).. _ _ _
Mill products, total
Plate and sheet (excl. foil)
Castings
_
mil. Ib
do
do. _ _ _
do
Copper:
Production:
Mine, recoverable copper, . _ .thous. sh. tons._
Refinery, primary
_
do From domestic ores
do
From foreign ores..
do
Secondary, recovere d as refined. ..
do_ _ „
Imports (general):
Refined, unrefined, scrap (copper cont.).. do
Refined
do
Exports:
Refined and scrap.
do
Refined
do
Consumption, refined (by mills, etc.).
do Stocks, refined, end of period
Fabricators'... _
Price, bars, electrolytic (N.Y.)
Imports (general), ore (lead cont.),, metal
Consumption, total
do
do
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABM S
thous. sh. tons. _
Refiners' (primary), refined and antimonial
(lead content)
___thous. sh. tons-Consumers' c?
do
Scrap (lead-base, purchased), all smelters
thous. sh. tons _
Price, common grade (N.Y.)
$ perlb..
Tin:
Imports (for consumption) :
Ore (tin content) __
Bars, pigs, etc
Recovery from scrap, total (tin cont.)
As metal
Consumption, pig, total
Primary.. ...
96.9
. 2372
7, 060. 0
4, 831. 4
2, 273. 9
2
1, 253. 7
64.8
. 2451
1
716
524
249
r 40 7
118 1
127 7
99 8
27 9
37 8
36.3
11 8
45 7
13 2
.3604
753
596
98.4
106.8
100.4
99.1
98 9
93 0
86 9
90 2
93 9
99 8
38.1
113 4
25.9
103 3
35.6
106 5
34.6
101 0
29.9
103 8
27.8
100 4
27.2
107 1
29.3
110 8
31.0
118 5
26 3
106 2
24 3
95 5
25 0
92 2
25 7
98 9
25.9
103 3
71.5
.1360
51.2
.1600
74.3
.1600
70.6
.1600
66.1
.1600
65 7
.1600
63 4
.1600
62 5
.1600
63 1
.1600
59 4
.1600
53 8
.1600
52 2
.1600
51 1
.1600
51 2
.1600
.1600
4 326
40 814
473
1 845
2,035
240
7 090
4 900
17
2 239
2,035
240
6 970
4 980
870
4 183
1,990
260
7 905
5 775
376
2 908
2,000
250
7 485
5 440
492
3 207
1,925
240
7 010
5 080
322
3 073
2,210
310
7 610
5 420
40
2 648
1,790
230
6 755
5 005
- 219
2 061
1 815
255
7 075
5 135
37
4 015
1 885
265
5 990
3 995
792
2 552
1 990
250
6 205
3 9RO
19
4 348
1,955
270
6 280
4*185
669
7 735
280
3 499
6 170
3 930
3 064
i 251
27 870 23 655
1. 7817 1. 5726
219
24 035
1. 5498
567
25 250
1. 6498
611
24 260
1.8067
83
24 215
1. 9195
173
23 183
1. 8894
142
23 587
1. 8412
226
22 985
1. 8696
364
24 350
1. 9190
149
25 315
1. 8532
131
26 385
1. 7676
148
27 870
1. 7423
53 4
49 0
52 1
48 3
50 7
51 5
51 3
49 9
49 2
48.4
35 1
22.0
Ig. tons
do
do . _
_ do
do
do
31 584
23, 508
3,334
82 780
58 476
Exports, incl. reexports (metal)
do
Stocks, pig (industrial) , end of period§
do
Price, pig, Straits (N.Y.), prompt
$ per lb__
4 4 041
24 343
1. 5772
(3)
82 685
57 985
Zinc:A
Mine production, recoverable zinc
55 i
thous. sh. tons
574 9
610 1
50 3
49 1
Imports (general):
Ores (zinc content)
do
429 4
29 1
357 1
30 8
48 3
Metal (slab, blocks)
do.—
118.3
153.0
12.1
15.1
7.2
Consumption (recoverable zinc content) :
Ores
do
* 105 9
113 6
86
86
10 5
Scrap, all types
do
4 222. 5
219.2
16.9
16.7
17.fi
' Revised.
* Preliminary.
i See note "O" for p. S-21.
2 Monthly data (1962-64),
revised to the 1962 complete canvass of nonferrous producers, are available; estimates
beginning 1965 reflect the revised benchmark.
3 Data for Sept. 1963-Apr. 51964 are in terms
4
of gross weight.
Revised total; monthly revisions are not available.
Beginning Jan.
1966, total includes copper (totaling 10,900 tons end of Jan. 1966) held by nonconsumers, etc.,
••799
544
274
706
513
275
78.3
.2450 ""2456"
25 9
18.3
32 9
9.4
32 3
3.7
38 9
21.1
10 2
17.6
97
18. Q
89
19 1
18.fi
88
36 1
10.7
36 2
2.7
34 8
20.7
42 2
14.0
42 1
17.8
86
86
18.4
10 4
18.fi
10 4
19.1
.1600
303
1.7875
1. 7810
10 3
19.2
18 R
not previously covered.
d* Consumers' and secondary smelters' stocks of lead in refinery shapes and in copper-base
scrap.
§ Stocks reflect surplus tin made available to industry by GSA.
A Beginning
Aug. 1964, data reflect sales to the industry of metal released from the Government stockpile.
SURVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
1965
1965
Annual
March 1966
Jan.
Feb.
Mar.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PROD.— Con.
Zinc— Continued
Slab zinc: A
Production (primary smelter), from domestic 1
and foreign ores
thous. sh. tons
954. 1 1 005 2
Secondary (redistilled) production
do
73.1
^i.e
Consumption, fabricators'
_
_ do
1, 207. 3 1,343.8
Exports
do
26.5
59
Stocks, end of period:
30.1
31.2
Producers', at smelter (AZI) c? __ _ _ do
107.5
Consumers'
do
147 0
Price, prime Western (East St. Louis) _ $ per lb_.1357
. 1450
79.2
6.0
106.9
.8
75.8
6.2
104.3
.6
83.2
6.7
118.7
.5
82.8
6.5
109.8
1.2
86.9
6.8
113.3
.4
82.6
6.5
115.5
.3
85.1
5.4
96.9
.5
84.9
6.4
113.9
.4
84.0
5.3
117.0
.2
87.5
6.0
117.8
.2
84.2
6.0
116.5
(4)
89.1
5.2
113.2
.8
34.4
93.5
.1450
28.4
87.1
.1450
22.9
79.7
.1450
20.2
77.6
.1450
25.2
102.4
.1450
23.3
102. 3
.1450
26.9
110.6
.1450
29.2
128.2
.1450
27.3
129.3
.1450
27.2
30.3
130. 8 ' 124. 5
. 1450
.1450
30.1
147.0
.1450
(4)
32. 2
29.7
.1450
.1450
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, shipments:
Cast-iron
mil. sq. ft. radiation
Nonferrous
do
Oil burners:
Shipments
thous
Stocks, end of period
do
Ranges, gas, domestic cooking (incl. free-standing,
set-in, high-oven ranges, and built-in oven
broilers)
thous
Top burner sections (4-burner equiv) ship
do
Stoves domestic heating shipments total do
Gas
do
Warm-air furnaces (forced-air and gravity air-flow),
Gas
Water heaters gas shipments
do
do
10.5
113 2
9.2
115 3
.6
82
.8
73
.8
83
.7
8.0
.5
6.4
.7
8.4
.6
11.4
1.0
11.6
1.0
13.1
.9
12.4
.9
11.0
.7
9.0
568 0
42.6
585 5
35 7
44 3
41 8
38 0
42 9
45 6
45 8
39 8
51.6
42 1
48 6
46.3
47.9
43.4
44.6
58.8
41.2
64.8
36.1
68.4
35.9
53. 7
32.8
40.2
35.7
2 170 6
342 6
2, 244. 5
304 8
150 7
20 2
167.0
22 7
206.9
28 9
179.5
25 4
170.0
25 6
199.2
31.4
153.9
19.7
191.5
27.1
226.6
31.7
212.7
26.1
190.0
22.1
196.5
23.9
1 810 8 1 655 6
1 227.2 1,116.4
87 5
55.6
86 3
55.3
128 0
89.1
94 0
56.2
82 3
57.3
110 3
77.5
158 8
106.4
186 5
120. 3
227.6
141. 8
259.0 ' 144.1
185. 5 ' 105. 6
91.4
65.8
1 426 0 1 386 6
1 162 1 1 124 7
2 680 1 2, 616. 4
84 2
69 2
210 0
90 1
73 9
230 4
92 8
77 1
227 2
87 3
72 5
215.9
97 4
82 3
192.1
107 3
88.7
205.0
116 6
96.0
214.0
140 4
112. 2
206.2
174 4
136.1
226.4
169 0
132.5
234.2
118 6
95.3
208.2
108.4
88.9
246. 7
MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, qtrly.:
Fans and blowers new orders
mil $
TJnit-heater group new orders
do
Foundry equipment (new), new orders, net
mo avg shipments 1957—59~100
Furnaces (industrial) and ovens, etc., new orders
(domestic), net
mil $
Electric processing
do
Fuel-fired (exc. for hot rolling steel)
do
182 3
74 9
218 6
322 5
380 8
407 3
249 0
374.1
192.9
274.6
280. 6
387.0
316.9
295.0
339.5
371. 8
267.2
11.3
1.1
5.3
9.7
1.4
5.1
18.3
1.0
6.7
10. 5
1.0
6.0
12.6
2.0
7.2
11.4
1.3
6.8
13.8
2.0
7.7
14.2
2.6
7.9
16.3
1.6
6.8
Machine tools:
Metal cutting tools:
Orders new (net) total
Domestic
Shipments, total
Domestic
mil $
do
do
do
Metal forming tools:
Domestic
Shipments, total
Domestic
do
do
do
114.9
13 7
57.5
152 8
21 6
75 2
13.8
13
g.l
11.9
1.9
5.5
16.0
4.3
7.5
9.4
1.7
4.6
152 0
186 3
139 9
184 9
199 4
177 5
165 8
188 6
165 6
193. 3
175 4
209.5
202.2
242.2
6 891
7 129
8 202
9 994
564
566
572
627
629
808
540
663
557
820
765
848
742
842
558
695
745
899
810
1,015
837
983
883
1,228
36 171
41 746
2 944
3 176
3 445
2 604
3 242
3,625
3,497
3,378
3,729
3, 910
4,144
4,052
976 50 1 176 00
808 90 l' 054 40
958. 60
791 80
830 55
636 75
7 Q
63
81 85
72 95
68.10
58 55
65
91 40
78 00
70.35
60 45
6 7
97 80
86.65
90.30
77.75
66
96 05
85.70
77.75
68.20
66
74 75
67.10
82.45
71.75
64
93 65
87.10
83.75
71. 15
65
95.60
84.75
69.45
60.70
68
106.80
95.40
57.55
50.10
73
99.85
87.00
80.80
70.90
76
99.25
93.00
91.05
75.60
76
110. 50
100. 25
77.95
67.25
77
'128.50
'116.50
'109. 10
' 98. 15
'7.6
127.45
115. 90
78.50
69.20
8.3
qoo 70
Material handling equipment (industrial) :
Orders (new) index seas adi
1957 59 — 100
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type
do
Industrial trucks and tractors (internal combustion
engines) shipments
number
20 00
18 45
21 20
19 60
in *»
22 50
20 55
24.55
22 80
24 95
23.30
27.65
25.10
97
20 15
17 75
21.25
19.40
95
24 05
22.55
27.90
24.80
90
40 85
39.70
26.QO
23.55
94
26 70
26. 05
20.20
17.75
94
24 55
22.95
20.35
18.85
97
25 60
24.00
21.20
18.95
98
35 20
33.45
24.30
21.90
10 3
27 15
25.05
22.95
19. 55
10 4
' 27. 60
'23.95
' 30. 30
' 27. 55
'9.9
33.25
29.35
23.15
22.35
10.0
406.2
98.4
36.0
239.5
230.7
23~5.5
286.3
2 65. 6
353 30
228 20
200 85
in o
319 30
297 75
287. 85
259 80
9 9
in 9
Other machinery and equip., qtrly. shipments:
Construction machinery (selected types), total 9
412 2
mil $ il 523 7
i 392 g
115 1
Tractors tracklaying total
do
439 7
29.9
Tractors wheel (con off-highway)
do
128 7
Tractor shovel loaders (integral units only),
i 352 9
95 4
wheel and tracklaying types
mil $
Tractors, wheel (excl. garden and contractors'
220.1
off-highway types)
mil. $__ i 679, 2
828.1
Farm machines and equipment (selected types),
' 291. 7
excl tractors
mil $
954 0 1 057 0
ELECTRICAL EQUIPMENT
Batteries (auto replacement) shipments t thous r 30 627 30 528 r 2 468 r 2 315 * 1 849
Household electrical appliances:
205 5
151 2
171 9
1 965 0 9 ftfif» n
Refrigerators and home freezers, output
168 4
135 9
161 5
140 8
1957—59~100
147 8
A KAft 7 1 K 1 f\a Q r 360 1
495 2
416 7
309.5 333.6 390.0
Washers, sales (dom and export)
do
4 189.6 14 347 i
Driers (gas and electric), sales (domestic and
11 K9fi 4 1 2 098 4
152 3
145 8
145 5
Radio sets, production!
do _
Television sets (incl. combination), prod.§.__do
Electron tubes and semiconductors (excl. receiving,
Motors and generators:
New orders index qtrly
New orders' (gross)':
1947—49—100
19, 176
9,570
24, 118
11, 028
1,702
745
CKO f)
7K7 n
55 2
l
do _ _
178
91 A i
44.6
1, 825 32,306
3996
851
55 0
36.3
7
H
3.2
Ifi 4
3.4
Revised.
* Preliminary.
Revised total; monthly revisions are not available.
4
For month shown.
3 Data cover 5 weeks; other months, 4 weeks.
Less than 100
tons.
A See similar note, p. S-33.
cf Producers' stocks, elsewhere, end of Feb. 1966, 8,700.
64 5
520.2
120.5
50.4
18 9
4.1
91.3
114.9
161.5
209.5 — -----
r
1 800
r
1 735
r
2, 015
T
285.0
2 225. 4
244.4
' 295. 5
2, 145 r 2, 531 ' 3, 512 ' 3, 686
3,387
3,085
2,709
161 7
144 1
176 3
148 5
163 4
186 0
174 0
184.1
198. 3
176.8
162 0
397 8
298.0
160 5
329 6
315.0
159.8
367 9
388.7
125 1
329 2
356.1
87.6
376 6
398.6
145.3
497 7
430.6
160.1
534 4
397.2
147.5
543 5
370.4
159.7
431.4
357.1
170.3
434.5
317.4
83 3
238.8
186.7
91 9
1,782
757
59 4
109 0
127 7
213 3
274 2
279 1
234.3
1,793 3 2, 171
3946
751
1,757
596
1, 764 3 2, 214
819 3 1, 230
2,312
1,086
2,074
1,044
63 3
52 3
72 4
70 0
68.9
73.8
15 9
4.2
18 1
3.1
18 7
4.7
57 5
63 4
19 5
3.2
17 6
3.7
19 4
3.8
16 2
4.4
15 5
3.6
19 2
3.2
32,417 '1,874 •* 1, 862
'915 9 930
'1,208
217
'212
228
205
215
loo 9
D.C. motors and generators, 1-200 hp
f
2
55.2
17.6
' 53. 5
16.0
53.6
19.0
46 3
14 4
208 6
66 9
J Data reflect adjustment to the 1963 Census of Manufactures; revisions back to 1963 are
available.
$ Includes data not shown.
.,,*•!••
§ Radio production comprises table, portable battery, auto and clock models; television
sets cover monochrome and color units.
SURVEY OF CUEEENT BUSINESS
March 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
S-35
1965
| 1965
Annual
Jan.
Feb.
Mar.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
1,292
1,364
1,262
1,045
1,305
1,171
1,313
1,626
1,256
1,269
1, 255
1,286
Production
thous. sh. tons.- 17, 184
15, 444
"895
45
129
132
42
93
82
88
108
69
Exports _
do
23
73
851
66
1,575
56
Price, wholesale, chestnut, f.o.b. car at mine
$persh. ton__ 13. 895 12, 979 14. 441 14. 441 14. 441 12. 005 12.005 12. 005 12. 495 12. 495 12. 495 12.985 12.985 12. 985 »13. 589
Bituminous:
Production
thous. sh. tons.. 486,998 ••510,000 ••39,845 "37,714 "42, 633 "41,686 "41,903 "43,068 "34,042 "46, 228 "43,344 "46,596 "46,356 "46,585 41,450
Industrial consumption and retail deliveries,
total 9
.
_thous. sh. tons_.
Electric power utilities
do
Mfg. and mining industries, total
do
Coke plants (oven and beehive)
do ...
Retail deliveries to other consumers
do
Stocks, industrial and retail dealers' , end of period,
total 9
---thous. sh. tons. _
Electric power utilities
do_ _
Mfg. and mining industries, total.
__do
Oven-coke plants. _ _ _ _
do
Retail dealers
Exports :
431, 116
223, 032
187, 758
88, 757
458, 969 "42,014
242, 729 21, 471
196, 534 "17,717
94, 620
8,215
38, 697
19, 608
16, 346
7,554
41, 394
21, 134
17, 887
8,445
35, 866
18,323
16, 479
8,144
36, 135
20, 018
15, 481
8,161
37, 545
21, 051
15, 562
8,120
36,198 "38, 136
19, 936 20,066
14,910 16, 237
7,504
7,457
19,615
19, 048
2,825
2,743
2,370
1,019
528
442
564
840
1,266
75,342
'52, 661
22, 305
10, 081
77,393
53,437
23,603
10, 506
70, 435
49, 195
20, 930
9,517
67,141
46, 589
20, 296
9,225
64, 923
44, 670
20,070
9,424
65, 489
44, 973
20, 349
9,576
68,692
47, 713
20,763
9,749
71, 418
49, 857
21,311
9, 970
66, 149
47, 482
18, 407
7,744
69, 308
49, 244
19, 768
8,484
70,418
50, 411
19, 715
8,253
do
376
353
do
47 969
50, 181
4.798
6.895
39,132 "42,851
20, 552 r 22, 646
16, 423 17, 556
7,074 " 7, 397
39,365
45, 159
24 063
17, 906
7,540
2,078
2,625
3,189
73,000 "75,226
52,017 53, 125
20, 691 21, 736
9,107
9,743
77,393
53, 437
23, 603
10, 506
71, 889
49 779
21, 833
10 137
1,748
310
256
183
167
216
250
260
296
292
292
365
353
277
2 218
2 675
3,040
4,268
4, 707
5 069
4,231
5,086
5,160
5,560
4,627
3,542
2 854
4.794
6.926
4. 788
7.176
4. 789
7.175
4. 785
6.960
4. 804
6.582
4.806
6.551
4.799
6.595
4. 799
6.645
4. 786
6.833
4,790
7.017
4.795 "4.794
7.144 " 7. 203
4.794 P4.804
7.228 *7 256
1,236
60 908
16, 865
1,542
64, 924
17,208
••165
5,603
1,496
"151
5 128
1,406
"182
5,732
1,448
"150
5,569
1,332
136
5 781
1,390
"164
5,566
1,407
"149
"154
5,598 "5 549
1,475
1,489
85
5,208
1,443
72
5 158
1,358
"75
5 102
1,553
95
5 184
1,971
1 708
262
1,359
524
2, 699
2,445
254
1,478
834
1,855
1 634
221
1,461
1
59
1,656
1 485
171
1,507
57
1,424
1 277
147
1,508
74
1,225
1 095
130
1,539
59
1,136
993
143
1,564
60
1, 118
982
136
1,548
69
1,177
1 017
160
1,511
63
1,484
1, 271
1 085 1,278
206
"181
1,418
1, 460
99
73
2,341 " 2, 699
1,918
1 690 2 103 2 445
227
239
"254
1,411 1 478
1, 414
65
77
78
2 789
2 548
242
number
20, 620
$perbbl
2.92
mil. bbl. 3, 223. 3
% of capacity-87
18, 761
2/92
3, 300. 8
87
1,455
2.92
277.1
87
1,554
2.92
250.3
87
1,522
2.92
275.2
86
1, 478
2.92
262.3
85
1,354
2.92
272. 9
85
1,583
2.92
273. 1
87
1, 521
2.92
288.7
89
1,784
2.92
286.1
89
1,844
2.92
270.2
86
1,375
2.92
281.7
87
4, 036. 1 4,190.8
362.4
327.1
366.4
353.2
346.8
340. 9
345.5
347.4
329.1
2, 786. 8
422.5
2,848.5
441.6
240.9
37.0
218.6
34.3
243.8
38.4
236.8
36.7
238.3
36.8
232.4
35.2
237.6
36.6
240.2
36.5
222.5
35.0
438.6
388.1
3.7
452.0
448.7
-2.9
37.3
47.1
-15.2
32.7
41.5
-22.1
41.4
42.8
-11.3
38.1
41.6
12.2
39.0
32.9
23.9
39.9
33.3
13.3
40.7
30.6
13.2
40.8
29.9
10.9
_
Prices, wholesale:
Screenings, indust. use, f.o.b. mine
$persh. ton__
Domestic, large sizes, f.o.b. mine
___do
COKE
Production:
Beehive
Oven (byproduct)
_ _
Petroleum coke§
Stocks, end of period:
Oven-coke plants, total
At furnace plants
At merchant plants
_
Petroleum coke
Exports.-
35, 417 35, 584
18, 632 19, 292
16, 174 "15, 762
"8,430 8,119
996
thous. sh. tons__
do
_ do
do
do
do
do
do
1
64
4 929
1,412
64
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
Price at wells (Okla.-Kansas)
Runs to stillsj
Refinery operating ratio
All oils, supply, demand, and stocks : J
New supply, total
_
mil. bbl
Production:
Crude petroleum.
_
do
Natural-gas liquids, benzol, etc
do. .
Imports:
Crude petroleum
do.
Refined products. _.
do
Change in stocks, all oils (decrease,—), do
Demand, total
Exports:
Crude petroleum
Refined products
Domestic demand, total 9
Gasoline
Kerosene
___
1,606
2.92
276.0
88
1, 685
2.92
287.2
89
357.4
345.0
369.6
244.1
37.9
•239.6
38.0
253.6
39.2
43.2
28.4
4.3
39.1
36.2
12.1
32.0
35.4
-7.6
27.9
49.0
-36. 6
» 2 92
do
4, 032. 4
4, 193. 7
378.7
349.2
377. 7
341.0
323.0
327.5
332.3
336.5
324.8
345 3
352 6
406 2
do
do
do, _
do
do .
1.4
72.5
3,958.5
1, 685. 5
178.4
1.1
66.8
4, 125. 9
1, 720. 2
97.6
.1
5.0
372.5
2
125. 0
2
13.0
(3)
4.7
344.4
119.6
12.0
(3)
6.3
371.3
140.4
11. 0
.2
6.3
334. 5
140.9
6.3
0
5.8
317.2
149.6
4.3
.1
6.2
321.2
155.2
4.5
.4
5.7
326.2
156. 7
4.9
0
5.7
330.8
154.4
5.9
0
5.2
319.6
142.5
6.0
.2
5.1
340.0
147 0
7.7
.1
5.5
347.0
140.1
9.4
5.3
400.9
149 0
12.7
do
do. _
do
750.4
554.6
118.6
776. 0
586.4
220.6
92.8
65.3
18.7
86.9
58.0
14.8
83.9
59.4
17.2
61.0
54.9
17.6
45.8
39.6
19.7
41 8
38.6
18.2
44 3
37.8
18.6
47 9
36.8
20.0
49.8
37.5
19.6
56 9
45.8
18 2
71 7
46.8
18 6
92 9
65.9
19 4
do
do
„ do. _
45 8
120.2
247.9
47.0
127.6
256.6
3.9
3.5
25.7
32
3.5
24.3
- 43
4.8
25.2
38
7.7
18.5
42
12.3
16.9
43
15.7
17.1
41
17 2
17.1
40
17 8
17.9
4.0
15.5
19.0
38
14 7
21.9
38
94
24.0
37
54
29.0
Stocks, end of period, total
Crude petroleum
Natural-gas liquids.
Refined products
do
_ _ _ do_ _
do
do___
839.2
230.1
35.7
573.5
836. 3
220.3
35.9
580. 2
824.0
230.2
31. 0
562.8
801.9
230.3
27.7
544.0
790.6
239. 6
26.3
524.8
802.9
251.4
29.7
521.8
826.7
255.1
35.0
536.7
840.1
253.6
38.7
547.8
853.2
242.1
43 6
567.6
864.1
236.4
46 7
581.0
868.4
231.1
46.9
590.4
880. 5
231.8
45.9
602.8
873.0
226.7
42 5
603.7
836.3
220.3
35 9
580 2
Refined petroleum products: J
Gasoline (incl. aviation) :
Production
Exports
Stocks, end of period..
do
do
do
1, 687. 4
8.0
199.5
1 704.4
4.9
183.1
145. 6
2
.8
213. 9
130.5
.3
225.0
139 7
.3
224.9
133. 4
.4
217.4
137 9
5
205.6
141 6
7
192.6
148 5
3
185.1
150 4
.4
181.8
140. 5
.3
180.3
142 4
.3
176.6
142 5
.4
179.2
151 4
1
183.1
.113
.113
.113
.113
.113
.113
.113
.113
.113
P .113
.213
.211
.209
.208
.209
.210
3
Less than 50,000 bbls.
9 Includes data not shown separately.
| Includes nonmarketable catalyst coke.
I Revisions for Jan.-Oct. 1964 will be shown later.
.213
.210
.213
Distillate fuel oil
Residual fuel oil
Jet fuel
Lubricants.
Asphalt..
Liquefied gases
._
2
2
2
Prices (excl. aviation) :
Wholesale, ref. (Okla., group 3).
$ per gal.102
.113
.113
.113
.110
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
$ per gaL.
.212
.200
.208
.198
.192
' Revised.
* Preliminary.
i See note "O" for p. S-21.
2 Beginning Jan. 1965, gasoline excludes special naphthas; aviation gasoline represents
finished grades only (alkylate excluded); commercial jet fuel (formerly included with kerosene)
is included with jet fuel.
.208
(3)
.210
S-36
SURVEY OF CURRENT BUSINESS
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1965
Jan.
Annual
March 1966
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum productsj— Continued
Aviation gasoline:
Production.
mil. bbl
Exports
_ __ do
Stocks, end of period.
do _Kerosene:
Production
__
,
do
Stocks, end of period.. _
_do _
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gal
Distillate fuel oil:
Production.
mil. bbl
Imports
do
Exports
do
Stocks, end7 of period
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$per gal__
Residual fuel oil:
Production
mil bbl
Imports
do
Exports
do
Stocks, end of period
do
Price, wholesale (Okla., No. 6) .______$ per bbl__
Jet fuel (military grade only):
Production
mil bbl
Stocks end of period
do
Lubricants:
Production
do
Exports
do
Stocks end of period
do
Price, wholesale, bright stock (midcontinent,
f o b Tulsa)
$ per gal
Asphalt:'
Production
mil bbl
Stocks end of period
do
Liquefied petroleum gases:
Production
do
Transfer from gasoline plants
do
Stocks (at plants, terminals, underground, and
at refineries), end of period
mil. bbl_ _
Asphalt and tar products, shipments:
Asphalt roofing, total
thous. squares. _
Roll roofing and cap sheet
do
Shingles, all types
do
Asphalt siding
Insulated siding
Saturated felts
do
do
thous. sh. tons__
127.8
5.4
9.1
48.6
4.2
8.3
14.7
1.8
*8.2
3.8
.2
8.5
4.0
.3
8.8
3.8
.3
9.0
4.3
.4
8.5
4.0
.7
8.2
4.2
.3
8.2
4.1
.3
8.5
4.1
.3
8.7
3.8
.2
8.4
3.9
.4
8.0
3.9
.1
8.3
169.5
36.2
94.5
24.1
19.7
*24.0
8.7
20.7
8.4
18.1
6.9
18.7
6.6
21.0
7.0
23.4
6.7
25.3
6.6
26.0
6.9
26.9
8.1
27.3
8.3
26.3
10.4
24.1
.096
.098
.101
.101
.101
.095
.095
.095
.095
.095
.098
.100
.100
.103
742.4
11.8
5.4
155.8
765.4
13.0
3.7
155.4
66.8
1.1
.4
130. 6
61.0
.8
.2
105.3
62.2
1.4
.6
84.6
58.6
.8
.2
82.8
61.5
1.2
.3
99.4
58.7
.5
.2
116.6
65.5
.9
.3
138.5
66.4
1.6
.3
158.4
62.8
1.1
.5
172.0
65.7
I.S.I
182. 0
66.1
1.1
,3
177.3
70.1
1.1
.3
155. 4
P. 103
.086
.090
.091
.091
.091
.087
.087
.087
.087
.087
.090
.092
.092
.095
p . 095
266.8
295.8
18.9
40.4
1.50
268.6
344.6
14.9
56.2
1.83
25.3
38.7
1.5
38.3
1.80
22.4
34.2
1.7
35.7
1.80
24.7
34.7
1.6
34.4
1.75
22.0
34.1
1.4
34.5
1.75
21.3
24.6
.9
40.1
1.75
20.9
23.6
1.0
45.2
1.75
21.6
22.1
1.3
50.2
1.80
21.1
20.4
1.3
53.8
1.85
19.5
20.0
1.0
55.1
1.90
22.4
27.5
1.1
58.4
1.95
22.8
26.1
1.0
59.7
1.95
24.6
38.5
1.0
56.2
1.95
pl.90
108.0
9.9
191.2
18.7
M4.9
!17.7
13.7
18.7
16.0
19.2
15.8
20.0
16.9
20.0
15.7
20.5
16.8
21.0
16.0
19.8
16.0
17.9
16.5
18.2
16.2
18.6
16.6
18.7
63.7
18.2
14.1
69.2
16.7
13.3
4.9
1.3
13.9
4.9
1.1
14.4
5.5
1.6
14.0
5.3
1.9
13.7
5.6
1.7
13.4
5.1
1.3
12.9
5.4
1.4
12.8
5.4
.9
13.3
5.1
1.4
13.0
5.1
1.6
12.8
5.1
1.2
12.9
5.5
1.4
13.3
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
114.9
14.2
123.6
16.2
5.7
16.9
5.7
19.4
7.4
22.4
8.3
23.3
12.2
23.5
12.1
20.7
14.4
18.5
14.6
16.2
13.5
14.8
12.6
13.2
9.8
13.9
7.3
16.2
59. 2
189.6
56.1
200.2
4.8
20.6
4.8
19.2
4.8
20.1
4.5
14.5
4.9
13.0
4.8
12.8
4.9
12.3
4.8
13.1
4.3
14.6
4.3
17.5
4.2
19.6
5.1
22.9
31.8
32.2
26.8
23.2
21.4
25.3
31.1
35.3
40.1
43.5
43.8
42.8
39.4
32.2
71, 075
26, 218
44, 857
72, 696
28, 584
44, 112
3,404 ' 3, 880
1,416
1,529
2,351
5,504
2,289
3,215
5,216
1,992
3,224
6,070
2,197
3,874
7,215
2,591
4,625
7,634
2,856
4,778
8,546
3,322
5,224
7,766
3,130
4,636
7,279
2, 987
4,292
720
680
995
645
603
973
47
23
70
49
38
91
37
47
68
40
61
75
50
70
89
52
66
95
70
65
109
72
69
93
75
63
82
62
45
73
4 611
4; 664
4,228
4, 383
5,317
4,072
5,770
899
511
••842
818
2 949
' 130
1,817
258
2 894
2 626
1,811
1,606
320
113
247
45
25
64
5,599 ' 4, 580
2,294 ' 1, 982
3,305 ' 2, 598
'47
31
'66
' . 270
5, 001
2,074
2,927
43
19
78
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
AQ Q79
Consumption.
Stocks, end of period. _ ___
Waste paper:
Consumption
_
Stocks, end of period
Production:
KA XK9
A 18ft
49, 711
4, 843
50, 740
5,770
4,234
4,983
thous. sh. tons._
do____
9,493
596
9,927
789
do
do_ _
do
1,457
20, 006
20, 514
2,685
2,789
3,596
3,920
__
.do
_ do
568
3 780
3,925
4 158
4', 293
4, 809
4 038
4,818
784
882
831
494
4,268
4,695
522
3 935
A
4,856
4 379
4,351
4, 985
4 270
4,110
4,613
836
515
854
518
720
555
833
532
840
520
9 onn
9 FAR
1 in
o Rfift
110
9 Q17
9 70ft
19ft
4 190
4,365
4,429
3,989
9Q4
4,085
5,268
5,328
507
498
120
1,699
230
117
1,584
215
1,754
239
1,694
239
1,787
242
1,605
242
1,657
218
1,822
238
1,678
220
305
334
339
256
284
275
4,441
fao
WOODPULP
Dissolving and special alpha
Sulfate
Sulfite
Groundwood
Defibrated or exploded
Soda, semichem., screenings, etc
Stocks, end of period:
Total, all mills
Pulp mills.
_ _
Paper and board mills
Nonpaper mills
09
do__
do _ _
do
do
do
do
do
OQfi
199
1QO
•<o A
3,063
1,621
1,473
3,113
335
125
274
305
122
242
336
121
261
323
128
256
342
125
271
324
125
239
319
125
247
337
122
263
781
228
462
92
726
253
393
80
743
276
387
80
747
294
373
80
736
273
381
82
723
268
377
78
735
278
374
83
748
284
381
84
763
281
400
82
766
302
383
81
215
176
67
109
147
58
90
132
48
85
107
43
64
119
52
67
42
58
76
32
44
210
16
194
244
23
221
'291
26
265
251
25
226
244
23
221
288
26
263
245
23
222
265
23
242
25
228
3,788
3,682
1,661
1,780
13
335
1,611
1,736
11
323
3, 720
1,609
1,776
12
324
3, 575
1,532
1,688
13
341
3,419
1,488
1,599
8
324
1,608
1,788
11
340
1,544
1,730
11
342
2
Exports, all grades, total
Dissolving and special alpha
All other
_
do
__do_ _
__do __
1, 602
581
1,021
535
Imports, all grades, total
Dissolving and special alpha
All other
do
do_ _
do
2,922
3,127
280
272
2,650
2,847
73
19fi
119
1 1Q
124
91 7
743
750
'739
375
78
369
70
'366
73
726
253
393
80
1 ift
190
101
129
41
49
33
56
73
253
<261
306
270
23
67
74.
qnn
CO
9/1
237
282
247
q QII
r 3 7g][
3 560
1,677
1,858
11
365
' 1, 627
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census) :
All grades, total, unadjusted. _ -thous. sh. tons__ 41, 748
3,537 3,370
18, 995
Paper
__
_
do
1,493
18, 180
1,598
20, 716
Paperboard
do___
1,660
1,603
19, 663
134
12
11
Wet-machine board
do
148
3,837
262
C onstruction paper and board...... do_ __
267
3,797
2
'Revised.
* Preliminary.
1 See note 2 for p. S-35.
See note "O" for p. S-21.
JRevisions for Jan.-Oct. 1964 will be shown later.
'1,789
'11
'324
- Corrected
ll548
1,709
12
291
128
58
71
242
22
220
Feb.
S-37
SURVEY OF CURRENT BUSINESS
March 1966
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
Jan.
Annual
1966
1965
| 1965
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
101.4
112.3
96.7
92.7
Feb.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS-Con.
Paper and board— Continued
New orders (American Paper and Pulp Assoc.) :
All grades, paper and board thous. sh. tons
Wholesale price indexes:
Printing paper
1957-59—100
Book paper, A grade
do
Paperboard
do
Building paper and board
do
Selected types of paper (APPA):
Fine paper:
Orders, new
thous sh tons
Orders unfilled end of period
do
i>3,699
3,534
3,421
3,936
3,733
3,800
3,631
3,632
3,747
3.664 '3,934
101.4
109.4
96.5
94.2
101.4
110. 6
96.4
93.0
101.4
109.9
96.4
93.4
101.4
109.9
96.4
92.2
101.4
109.9
96.3
92.2
101.4
110.7
96.3
92.3
101.4
110.7
96.3
92.7
101.4
110.7
96.3
92.7
101.4
110.7
96.3
93.5
101.4
110. 7
96.3
93.3
101.4
110.7
96.4
93.4
101.4
110.7
96.5
93.8
101.4
111.5
96.5
'93.3
101.4
111.5
96.5
92.7
2,234
41, 646
2,456
195
127
223
128
213
136
208
135
209
145
200
161
202
157
197
153
••156
'220
'163
P203
152
177
116
'209
98
2,244
2,407
2,444
191
175
187
190
216
223
203
201
201
207
200
206
186
196
204
208
197
198
'211
'208
'206
'221
*205
517
543
550
554
'475
'499
*509
* 152
Production
_
Shipments
Printing paper:
Orders, new
_
Orders, unfilled, end of period
do
do
do
do
5,800
6,204
437
516
510
448
484
465
577
485
511
488
512
508
519
522
530
558
510
518
Production
Shipments Coarse paper:
Orders, new
Orders, unfilled, end of period
do
do
5, 623
5,623
5,998
5,998
490
490
464
464
522
522
497
497
504
504
503
503
471
471
493
493
507
507
534
534
'502
'502
*511
*511
do
do
4,392
4,479
190
206
393
214
387
240
411
233
388
224
384
226
367
232
357
226
392
235
357
219
'396
'227
'377
'198
*>370
*>206
do
do
4,352
4,585
4.554
388
375
370
365
412
414
389
392
392
380
359
361
357
358
390
382
371
374
'395
'391
'394
'391
P368
do
do
do_ _
7,301
7,310
178
7,720
7,747
150
606
556
228
582
500
311
650
595
366
622
677
311
648
691
268
634
697
205
651
642
209
663
646
225
637
637
225
686
694
217
693
717
193
648
691
150
675
610
215
654
617
253
2,273
2,261
22
2,180
2,183
19
191
179
34
174
180
27
185
187
25
183
188
20
198
196
21
169
171
19
168
167
20
196
189
27
160
167
20
182
178
23
193
192
24
181
186
19
197
191
25
185
184
27
Consumption by publishers^1
do. _ . _
Stocks at and in transit to publishers, end of
period
__
thous. sh. tons._
6, 031
6,387
490
461
535
544
570
527
477
517
509
591
589
576
526
498
585
573
571
585
559
544
526
560
619
634
626
580
570
573
586
619
Imports
_
do
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
$ per sh ton
5,954
6,323
422
429
554
500
515
581
518
525
574
539
538
627
551
134. 23
132.40
132. 40
132. 40
132. 40
132. 40
132. 40
132. 40
132. 40
132. 40
132. 40
132. 40
132.40
412
818
416
90
413
848
415
90
444
844
441
94
437
847
443
94
'386
'793
«414
«89
13, 147
13, 107
11, 525
11, 813
136.2
*121. 1
p 114. 0
Production
>
Shipments
Newsprint:
Canada:
Production. _ _ _ _ _ _
Shipments from mills __
. Stocks at mills, end of period
United States:
Production
_ _
Shipments from mills
Stocks at mills, end of period
do
do
__do
2, 237
4,331
Paperboard (National Paperboard Assoc.) :
384
Orders, new (weekly avg.)
thous. sh. tons__
417
412
386
425
441
1390
408
417
642
692
742
818
Orders, unfilled, end of period
do
563
796
1559
597
760
359
Production, total (weekly avg J
do
384
410
414
408
423
405
390
410
92
78
Percent of activity (based on 6 5-day week)
90
92
89
88
89
93
91
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil. sq. ft. surf. area-- 137, 234 2148,072 11, 039 10, 881 12, 519 12, 112 11, 865 12, 674 11, 560
Folding paper boxes, shipments, index of physical
volume
1947-49=100__
125.7
128.2 '116.3 '115. 2 ' 134. 3 ' 125. 7 ' 121. 7 ' 133. 7 ' 120. 8
12, 639
13,683
13, 111
' 131. 1
' 137. 2
' 137. 5 ' 128. 4
40 94
44.40
28 42
.248
96.91
39 90
.243
j>211
"516
P371
132.40 P132. 40
438
855
421
93
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous Ig tons
Stocks, end of period
do
Imports , incl. latex and guayule
do
Price, wholesale, smoked sheets (N.Y.)_.$ per lb__
Synthetic rubber:
Production
Consumption
Stocks, end of period
Exports
thous Ig tons
do
do
do
_
Reclaimed rubber:
Production
_
Consumption
Stocks, end of period
_
481 50
86 85
441 19
.252
521 43
100 74
445 32
.257
1 764 94 1 814 20
1 451 51 1 522 69
297 13
309 33
321. 26
281 78
42 24
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
41 52
93 87
31 72
.283
151 54
125 19
314 21
3 10. 51
144 99
126 43
320 67
8.97
155 54
138 37
311 20
30.91
153 28
129 16
307 65
155 61
121 65
317 81
25 42
24.35
29 84
do
do
do
276 26
263. 19
30 08
279 58
271. 56
30 16
22 99
22 31
30 15
22.53
26.78
25.57
30 88
22.66
30 73
35.08
42 42
95 68
42 22
.268
37 00
97.04
30 66
.258
96.20
46.51
96.44
41 91
.241
' 45. 80
' 98. 36
43.91
.241
137 70 '156 60 '158.14
129. 70 138. 77 '131.70
311 08 '304 81 '302. 29
23.79
21.70
25.17
44.68
100. 74
47.96
99.92
.243
28 31
.245
44.57
166. 12
133. 52
72
94
37
87
141 35
107. 88
325 26
148 59
118. 06
323 56
22 02
21.51
30 22
23 06
21.09
20.23
22.59
20.93
29 60
29 96
30 88
30 39
23 44
24.13
29 06
' 22. 83
' 21. 50
'28 84
30.16
29.27
144
125
315
23
22.96
24.32
24.87
22.38
22.34
.258
168 85
136.32
309.33
23.32
317 82
23.31
24. 67,
23.33
23.03
22.85
29 33
TIRES AND TUBES
Pneumatic casings:
Production
thous
158 113
167 854
13 884
14 126
15 242
14 633
13 228
13 460
12 174
12 822
13 921
15 331
14, 194
14, 839
Shipments, total
Original equipment
Replacement equipment
Export
do
do
do
do
150, 488
48 045
100 369
2 075
169, 060
58 280
107 905
2 875
13, 237
4 954
8 136
'l48
H, 864
4 830
6 796
14, 327
5 712
15,408
5 341
9 782
14, 227
4 222
9 689
12, 145
2 215
9 682
'263
236
248
16, 073
5 557
10 206
13, 062
5 386
316
14, 863
4 178
10 441
285
15, 605
5 336
10' 033
13,709
8352
14 688
5 049
9 439
'200
310
181
7,472
205
Stocks , end of period
Exports (Bu. of Census)
do
do
37 553
1 589
37 059
2 381
38 264
3 eg
40 532
41 467
40 601
39 515
37 207
35 036
'250
36 095
35 110
34 442
35 083
37, 059
199
259
183
Inner tubes:
Production. _
Shipments
Stocks , end of period
Exports (Bu. of Census)
do
do
do
do
42 437
41 890
11 454
41 342
41 936
11* 839
1 189
3 383
4 821
10' 3
160
' 39
3 628
3 533
10 285
4 016
3 750
10 731
3 793
3 410
11 225
3 079
3 070
11 334
3 290
3 438
11 266
3 207
3 297
11 196
3 251
3 521
11 015
3 455
3 413
11 145
3,513
3 589
11 045
3,243
896
239
158
41
322
' Revised.
* Preliminary.
1 Beginning Jan. 1965, monthly data are 4-week averages
for period ending Saturday nearest the end of the month. Annual data for new orders are
2
52-week averages; those for unfilled orders are as of Dec. 31.
Annual total includes re-
115
211
102
208
100
82
128
173
77
244
191
123
174
5 511
8 017
3 058
11, 336
99
156
140
3,483
3,021
11, 839
108
71
3
visions not distributed to the months.
See note "O" for p. S-21.
& As reported by
e
publishers accounting for about 75 percent of total newsprint consumption.
Corrected.
SURVEY OF CURRENT BUSINESS
S-38
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
March 1966
1965
1965
Jan.
Annual
Feb.
Mar.
May
Apr.
1966
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
39, 192 ••39, 439
41, 242
37,531
39,418
31,446
25, 117
17 326
June
July
Feb.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement _ »_.
thous. bbl
366 304
1
373, 563
17, 539
15, 939
22, 535
29, 987
34, 416
463. 6
93.5
418. 8
21.5
90.1
578.4
23.6
123.7
700.0
27.3
147.5
758.3
29.6
165.9
787.8
26.5
185.4
761.3
26.2
171.0
768.2
28.9
175.5
743.7
27.5
166.3
749.5
29.2
155.6
714.0
26. 1
138.8
645.6
23.7
118.8
20.1
20.2
26.3
27.0
26.8
'29.7
31.1
30.6
30.3
28.5
28.3
28.1
20.5
21.4
25.9
24.3
23.6
26. 4
24.0
24.8
24.7
23.4
22.1
21.6
107.6
107.7
107.8
107.8
107.8
107.8
107.8
108.8
109.2
109.2
109.4
109.8
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick 7, 743. 8 8 089. 2
Structural tile, except facing
thous sh tons
311.4
313 3
Sewer pipe and fittings, vitrified
_ _do
1, 837. 2 1, 732. 2
Facing tile (hollow) , glazed and unglazed
353.4
mil. brick equivalent
326 9
Floor and wall tile and accessories, glazed and un286.0
glazed
mil sq ft
282 7
Price index, brick (common), f.o.b. plant or
N.Y. dock
1957-59—100
107 1
108 4
90 n
109.9
GLASS AND GLASS PRODUCTS
Flat glass mfrs ' shipments
thous $
Sheet (window) glass, shipments
Plate and other flat glass shipments
Glass containers:
Production
do
do
thous gross
Shipments, domestic, total
do
General-use food:
Narrow-neck food _
do
Wide-mouth food (incl. packers' tumblers,
jelly glasses and fruit jars)
thous gross
324 955
354 308
81 797
r
86 153
89, 869
96 489
144 753
r
!80 202
140 559
213 749
29 299
52 498
32, 643
r
53 510
38, 848
51, 021
39, 769
56 720
189, 414
201 327
15, 818
15, 663
12, 638
16, 684
17, 672
18, 600
18,460
19,333
16, 733
18, 227 ••16,206
15,219
16, 686
184, 773
195 380
14 575
14, 265
19, 176
12, 813
15, 732
17, 948
16,894
18, 361
17,393
16, 638 ••15,870
15, 715
14, 466
20, 829
21 548
1,301
1,323
2,066
1,176
1,398
1,664
2,080
2,830
2,886
1,932
'1,489
1,403
1,400
50 721
53 582
4 326
4 132
5,453
2,838
3,931
4,636
4,431
4,976
4,929
5,030
r
4, 193
4,245
975
2,422
1,375
1,028
2,417
1,321
1,836
3,661
1,968
1,541
2,761
1,082
2, 277
3,355
1,221
2,465
3,915
1,352
2,089
3,852
1,155
1,764
3,357
1,382
1,371
2, 838
1,488
1,379
2,332
1,759
'1, 427 >2, 131
2,694
' 2, 530
' 1, 723 1,44:7
1, 136
2,324
1, 275
3 305
3,236
2,776
3,275
2,692
552
89
509
86
3,371
3,193
835
120
541
98
2,947
640
99
26, 794
20, 274
24, 074
25, 733
26, 112
26,812
r
Beverage
Beer bottles
Liquor and wine „
do
do
do
17, 664
33, 252
16, 756
20 283
36 135
17 273
Medicinal and toilet
Chemical household and industrial
Dairy products
do
do
do
36 764
7 366
1,421
38 381
6 913
1 265
3 471
do
25, 375
26 802
26, 515
Stocks, end of period
602
103
524
79
3,548
552
106
3,367
3,200
3,457
560
128
26, 401
27,537
27, 518
26,802
28, 466
2 1, 173
2827
564
117
27,314
4, 707
514
113
520
127
541
88
GYPSUM AND PRODUCTS (QTRLY)
Crude gypsum, total:
Imports
Production
6 258
10 684
1 072
2,365
1,630
2,622
1,734
2,838
do
9 440
2,132
2,365
2,505
do
do
4 562
815
76
1,300
1,251
292
87
77
do
do
972
993
208
210
237
263
210
266
1,495
7,542
253
306
378
1, 729
51
2,149
79
thous sh tons
do
Calcined production total
Gypsum products sold or used, total:
Uncalcined uses
Industrial uses
Building uses:
Plasters:
Base-coat
All other (incl Keene's cement)
Lath
Wallboard
All other §
mil. sq. ft..
do
do
371
2, 124
73
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills f
Cloth woven total Q
mil linear vd
Cotton
!_
^_
do.—
Manmade
fiber
do___.
12 672
9, 136
3,289
13 039
9, 262
3,518
IflRft
Cotton
Manmade
_
fiber
„_
do
do..._
1 028
'740
269
1 ft91
QQ9
661
386
676
436
614
597
567
383
370
356
2 500
1 161
3 023
2 536
1,106
0
Cotton.
Manmade
fiber
do
do
1 040 2 i 286
2914
'745
275
2347
988
IJAQ
4
noc
2,807
1,110
QX.Q
4
14.Q
2 919
1,113
736
269
1 050 21 258
751
2893
276
2337
2
953
9Z9
1 038
356
4909
3,067
1,099
367
394
572
588
621
A 409
A Af\n
3,153
1,159
3,121
1,168
823
581
1,036
••1,027
733
729
285
1, 258
2883
2351
1,034
223
282
282
1 027
'615
390
si Q94
1 108
440
1 100
'655
427
1 097
437
4 241
3, 025
1,110
4 216
3,019
1,088
4 145
2,949
1,092
4 139
3,020
1,018
r 4 igO
3,' 046
••1,016
180
1 026
922
3,663
8,920
11, 718 3 12,691 414,481
595
733
2886
742
730
6
636
649
r
654
1 133
676
423
4 140
3,023
988
COTTON
Cotton (exclusive of linters):
Production:
G innings A
thou^ rnntiini* bftlp*>
Crop estimate, equivalent 500-lb. bales
Consumption
do
Stocks in the Unite'd States, total, end of period
15 148
14 912 414 939
15 180
8 940
14 953
9 296
Public storage and compresses
do
18 706
1 ARR
11O
r
729
Q52A
29H
741
on too
742
IS R1°.
17 °.4fl
Ifi °.P.ft
070
17 9^9
qoo
i R ^nn
cno
AAQ
19 619
18 115
17 464
16 021
ine
inrr
iru
15, 080
1 784
23, 652
9A (VZ.A.
1 fi4ft
1
7fi9
1 R94
Revised. * Beginning Jan. 1965, excludes finished used in prepared masonry cement
(2,734 thous. bbls. in 1964); annual totals include 3
revisions not distributed to the months.
2
Data cover 5 weeks; other months, 4 weeks.
Ginnings to Dec. 13. 4 Ginnings to
Jan. 15. 5 See note "cf."
§Comprises sheathing, formboard, and laminated board.
fBeginning 1964, data are not strictly comparable with figures for earlier periods because of
revised fabric classifications and the inclusion of manmade fiber drapery fabrics.
9 Includes data not shown separately.
735
, i in A
r on
21, 841
15 148
OR
QQ
2897
15 240
i ^ ififi
14 291
i A ' 993
28 401
511
230
14, 099 13, 056
1 753 1 599
12, 521
1 472
14 620
12, 512
1 174
en
' 7A
' A7
90 one
Qfi
751
2831
753
27 366 26 301 25 056 23 757 22, 617
27 265 26 20<? 24 956 23 652 22 516
4 915
1 130
2 505
12 157
7* 544
14,037 17^ 457 18,' 632 19^619 19,741
1,645
1 071 1 201 1 409 1 528
im
' QQ
inn
101
ittfi
rf1 Stocks (owned by weaving mills and billed and held for others) exclude bedsheeting,
toweling, and blanketing, and billed and held stocks of denims. Effective Aug. 1965, stocks
cover additional manmade fiber fabrics not previously included.
.
^Unfilled orders cover wool apparel (including polyester-wool) finished fabrics; production
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting,
toweling, and blanketing.
ATotal ginnings to end of month indicated, except as noted-
March 1966
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
SURVEY OF CURRENT
1964
BUSINESS
1965
| 1965
Jan.
Annual
S-39
Feb.
Mar.
Apr.
May
June
1966
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of linters)— Continued
Exports.
_
—thous. balesImports
do
Prices (farm), American upland
cents per lb_
Prices, middling 1", avg. 15 markets
—do
Cotton linters:
Consumption
_
thous. bales..
Production
. . do
Stocks, end of period . .
do
COTTON MANUFACTURES
Spindle activity (cotton system spindles) :
Active spindles, last working day, total
milConsuming 100 percent cotton
do
Spindle hours operated, all fibers, total--- bil
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
$perlb
36/2, combed, knitting§
do.
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrly.)
mil. lin. yd
Orders, unfilled, end of period, as compared with
avg. weekly production
No. weeks' prod
Inventories, end of period, as compared with
avg. weekly production .-No. weeks' prodRatio of stocks to unfilled orders (at cotton
mills) end of period, seasonally adjusted
Mill margins . _
(cents per Ib
Prices, wholesale:
Denim, mill
finished
cents per yd
Print cloth, 39 inch, 68 x 72.. _.
do. ..
Sheeting, class B, 40-inch, 48 x 44-48.. .do
5,241
118
229.6
3,795
99
244
0)
27.7
30.6
181
1
'27.5
30.6
1,396
1,572
709
1,406
1,635
735
110
186
762
18.7
15.3
124.6
.471
103.6
18.9
14.7
128.0
.492
102.9
.630
.892
584
7
28.6
30.7
407
4
29.5
30.8
251
4
29.7
30.8
398
2
30.2
30.9
266
3
29.9
30.7
117
53
28.9
30.0
226
3
29.5
29.7
304
6
29.4
29.7
370
1
29.0
29.6
447
15
27.9
29.5
278
16
26.6
29.5
109
167
798
3141
112
132
800
112
105
768
3133
71
715
86
53
671
106
44
605
3138
123
572
119
188
641
110
200
680
3131
175
815
118
194
777
18.7
15.3
9.9
.495
8.1
18.8
15.3
10.0
.502
8.2
18.7
15.2
312.3
.494
18.8
15.2
10.1
.506
8.2
18.7
15.0
312.3
.492
39.8
18.8
15.0
8.3
.417
6.7
18^9
15.1
10.1
.506
8.1
19.0
15.0
312.3
.493
39.8
19.0
15.0
10.3
.517
8.2
19.1
15.0
10.4
.522
8.3
311.8
310.1
18.7
15.1
9.9
.497
8.1
.470
39.3
18.9
14.7
10.4
.522
8.2
.629
.891
.617
.876
.617
.876
.617
.878
.622
.878
.622
.878
.627
.885
.632
.889
.632
.898
.637
.900
.637
.903
.642
.910
.642
.916
p. 642
P. 928
18.2
20.3
15.6
17.2
18.0
19.1
19.1
19.5
24.2
18.8
18.6
18.7
19.0
20.3
5.2
4. 5
4.3
4.1
4.0
3.9
3.9
4.1
5.1
4.0
4.1
4.0
4.1
4.5
.30
*29.49
.23
37.51
.27
35.83
.25
36.02
.22
36.16
.20
36.49
.19
37.30
.20
37.49
.21
.21
37.97 4 38. 31
•21
38.57
.22
38. 62
.23
38. 58
.23
38.77
88.78
36.6
• • 16. 5
17.4
34.9
18.6
17.5
34.9
17.8
17.5
35.1
18.0
17.5
34.9
18.0
17.5
34.9
18.5
17.5
34.9
18.8
17.5
34.9
18.8
17.5
34.9
18.8
17.5
34.9
18.8
17.5
34.9
18.8
17. 5
34.9
18.8
17.5
*34.9
"18.8
*17.5
230.7
8,966
2,374
2,364
105.7
106.2
106.7
34.9
18.8
17.5
34.9
18.8
17.5
107.1
109. 0
73.4
96.8
101.1
101.7
18.9
14.7
2,189
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. total
mil. Ib 3,018.0 3,530.4
835.9
879.8
902.0
Filament yarn (rayon and acetate)..
do
777.5
825.0
203.3
207.9
210.5
....
....
Staple, incl. tow (rayon).
,
do
165.4
164.2
594.3
648.0
162.0
Noncellulosic, except textile glass:
Yarn and monofilaments*
_ do
996.2
246.2
251.1
847.6
238.7
Staple, incl. tow*
do
207 3
163.1
191 8
559.1
778.6
Textile glass
fiber..
do
65.4
71.1
239.5
282.6
69.7
Exports:
Yarns and monofilaments „_
thous. Ib 116,473 99,923 63,786 5, 575 12,100 11, 041 7,559 10,071 8,081 8,189 8,282 7,516
8,821
Staple, tow, and tops
do
3,404
7,184
7, 492
3,058
56, 411
4,976
2,840
4,034
50,763 «2,225
2,671
3,336
4,686
Imports:
Yarns and monofilaments .
do
1,032
15,690
1,114
1,610
9,202
975
1,564
1,023
1,313
1,198
1,814
1,087
970
Staple, tow, and tops
.
do
8,892
9,505
133, 695 130, 108
5,837 16, 470
9,781
9,689 13, 412 12, 670 12, 507 12, 537
4,948
Stocks, producers', end of period:
Filament yarn (rayon and acetate)
mil. Ib—
32.1
34.5
40.1
46.3
52.9
55.3 "55.6
32.6
59.8
32.4
32.9
33.5
33.9
Staple, incl. tow (rayon).
.._.__ do
71.1
51.8
52.4
60.6
69.6
68.5 '60.3
51.3
55.8
49.0
55.5
73.0
49.3
Noncellulosic fiber, except textile glass:
r
Yarn and monofilaments*
.do
••79.6
76.9
107.3
88.6
'106.8
Staple . incl . tow* _ _
do
57.5
51 3
96.5
57 0
* 73 8
Textile glass
fiber
do
32.2
34.1
36.8
33.7
37.0
Prices, manmade fibers, f.o.b. producing plant:
Staple: Rayon (viscose), 1.5 denier
$ per Ib—
.28
.28
.28
.28
.28
.28
.28
.28
.28
.28
.28
.28
.28
Polyester, 1.5 denier*
do
.84
.98
.84
.84
.85
.84
.84
.84
.84
.84
.84
.94
.84
Yarn: Rayon (viscose), 150 denier
do
.80
.78
.80
.78
.78
.78
.80
.80
.80
,.80
.78
.78
.78
Manmade fiber and silk broadwoven fabrics:
Production (qtrly.), total?- .
mil lin yd 3, 545. 4
973.0
960.9
981.1
Filament yarn (100%) fabrics 9
do
417.2
1, 583. 1
398.4
416.7
Chiefly rayon and/or acetate fabrics
do
852.2
221.6
219. 6
209.3
Chiefly nylon fabrics...
„ .do.
283.1
76.7
77.2
73 8
Spun yarn (100%) fabrics (except blanketing) 9
mil. lin. yd.. 1,260.4
361.5
374.4
378. 6
Rayon and/or acetate fabrics and blends
do
665.6
174.4
152.4
162.0
Polyester blends with cotton
do
456.8
151.2
171.9
179.6
Combinations of filament and spun yarn fabrics
mil. lin. yd— 472.4
137. 0
131. 3
127.8
Exports, piece goods
thous. sq. yd- 185, 263 167,083 «6,716 10,821 20,078 18,797 14,660 13,494 11, 148 11,910 13,869 14,839 14,953
WOOL
Wool consumption, mill (clean basis) :
Apparel class
mil. Ib—
233.9
274.5
19.5 324.7
22.5
22.1 327.3
19.4
19.5
23.2 327.1
22.6
21.1
Carpet class
_—
do
3 11. 0
112.4
122.7
9.4
'9.3
9.3
8.9
8.7
6.5
8.7 310.9
8.7 310.8
Wool imports, clean yield*
do
212.3
271.6
30.2
14.1
12.8
31.0
22.5
25.5
23.8
21. 1
20.6
23.0
25.9
Duty-free (carpet class)*. __
do
113.9
108.9
12.5
11.0
6.8
5.2
2.6
11.7
11.1
12.0
7.8
10.5
10.3
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine$ per Ib—
1.249
1.397
1.275
1.215
1.195
1.325
1.275
1.279
1.195
1.195
1.218
1. 265
1.275
Graded fleece, 3/i blood...
do
1.192
1.286
1.155
1.138
1.130
1.235
1.216
1.155
1.172
1.220
1.255
1.145
1.253
Australian, 64s, 70s, good topmaking.
do
1.389
1.156
1.095
1.125
1.075
1.225
1.075
1.100
1.225
1.225
1.200
1.075
1.225
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, American
system, wholesale price
. 1957-59=100
107.9
106.9
108.7
108.3
107.8
Woolen and worsted woven goods, exc. felts:
Production (qtrly.)..
mil. lin yd
255.2
65.9
Suiting, price (wholesale), flannel, men's and
boys', f.o.b. mill
1957-59=100—
95.9
100.2
96.1
96.8
96.8
' Revised.
p Preliminary.
1 Less than 500 bales.
2 Season average.
3 For 5
weeks; other months, 4 weeks.
* Margins reflect equalization payments to domestic
users (Aug. 1964-July 1965, 6.5 cents; beginning Aug. 1965, 5.75 cents per pound).
« For
11 months; price not available for Sept. 1964. « See"O," P. S-21.
§Data beginning Aug. 1965 are not strictly comparable with earlier prices.
191
735
26.6
29.5
109.0
38.77
911.2
203.3
156 4
261 3
213 8
76 4
8,903
4,856
7,737
4,173
1,989
13,859
1,421
18, 130
59.8
55.8
107.3
96 5
32.2
.28
.84
.80
».28
P. 84
P. 80
15,798
12,912
325.4
310.2
21.1
7.4
28.1
9.1
1.280
1.235
1.225
1.280
1.235
1.225
109.0
109.0
108.4
109.0
102.4
102.4
102.4
1.291
1.229
1.225
102.4
66.8
101.7
101.7
102.4
9 Includes data not shown separate^.
*New series. Sources: Polyester staple price, U.S. Dept. Labor; wool imports, U.S. Dept.
Agriculture from Bureau of the Census records (such imports exclude animal hairs). Data
are available as follows: Price, back to 1955; noncellulosic yarn and staple—production, to
1951; stocks, to. 1953; wool imports, to 1948.
SURVEY OF CURRENT BUSINESS
S-40
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
| 1965
March 1966
1965
Feb.
Jan.
Annual
May
Apr.
Mar.
1966
July
June
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
16,620
15, 445
15, 015
Feb.
TEXTILE PRODUCTS—Continued
APPAREL
Hosierv, shipments
_
Men's apparel, cuttings :t
Tailored garments:
Suits
Overcoats and topcoats
189, 534
194 753
14, 170
15, 534
17, 147
15, 033
13, 905
17, 289
16, 120
17, 105
17, 620
18,764
20 343
3 956
22 412
4 436
1 841
1 785
2,103
2,059
418
1,889
1,995
1,181
1,858
1, 897
350
2 059
10, 830
' 128, 378
12, 488
138. 979
1,035
10, 354
1,022
11, 240
1,095
12, 228
1,034
12,405
1,073
11, 937
1, 099
12, 465
' 26, 946
30, 328
2,499
2,505
2,671
2,804
2, 573
2,499
4 875
3 947
358
339
346
313
442
362
399
324
367
308
436
331
25 509
274 541
11 736
2 104
20, 985
1, 138
2,450
23, 630
1,362
2,141
30, 228
1,279
813
27, 879
1,340
25, 067
678
518
903
16 869
9 906
1 506
1 495
1 670
1 505
1, 359
thous. doz. pairs
thous units
do
r
Coats (separate) , dress and sport.
do
Trousers (separate) , dress and sport_ _ do
Shirts (woven fabrics) , dress and sport
thous. doz
Work clothing:
Dungarees and waistband overalls
do
Shirts
do
r
Women's, misses', juniors' outerwear, cuttings:!
Coats
thous units
Dresses
do
Suits
do
Blouses waists and shirts
Skirts
r
' 4 861
3,749
'23 708
'271 214
r
12. 235
thous doz
do
r ig 493
'7 919
193
745
193
752
841
830
446
902
r
2, 021
'359
1,724
447
417
10, 214
1,062
11, 937
1,015
12, 476
1,894
2,439
2,542
2.641
r 2, 735
2,526
356
261
410
355
465
322
485
361
409
'334
402
337
2, 354
24, 311
2,301
19, 086
2,437
21, 932
2,350
20, 660
904
975
2,794
21, 591
1,035
2,637
20, 140
1,003
1,788
19, 032
1,445
1, 284
1,001
1,291
1,305
1,489
1,323
1,197
485
321
661
933
988
915
449
358
1.101 ' 1, 138
1,153
12. 309 ' 10, 983 10, 431
866
905
953
655
561
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net) qtrly total
mil $
U.S. Government
do
Prime contract
do
Sales (net) receipts or billing5! ntrlv total
do
U S Government
do
17 970
13 516
16 282
16 686
12 815
4,694
2,960
4,341
4 050
3 Oil
5,106
3,298
4,589
4,206
3,081
6,091
3,861
5,572
4,133
3,017
Backlog of orders end of period 9
do
TJ S Government
do
Aircraft (complete) and parts
do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units and parts
mil $
Other related operations (conversions, modifications) products services
mil $
15 218
11 658
6 276
1 527
15 862
11 607
6,377
1 850
16, 762
11, 824
7,056
1,771
18, 719
12, 668
8,505
1,949
4 558
4 602
4,725
4,864
1 418
1 514
1,568
Aircraft (civilian)* Shipments®
Airframe weishtffi
ExDorts
137 9
2 834
57 2
159 6
3 174
51 8
476 8
91 2
9 075
2
30 0
99 7
2 071
23 1
9,292.3
8 931 5
7, 751. 8
7 554 i
1, 540. 5
1 377 4
1.057.4
0 716.6
9, 305. 6
9 100.7
1, 751. 8
1, 615. 9
936.6
910 7
798.0
782 8
138.6
127.9
905.9 1, 124. 5 ,017.7
991.4
873.2 , 091. 0
861.0
774.7 ' 957. 4
846.9
753 1
937 9
156.7
167.1
131.2
144.5
120.2
153.1
do
329 5
do
m7
152.8
183.0
115 4
67.5
543.2
526.8
86 938
51 836
do
thous Ib
mil $
1 066 1
22 905
287 2
1,683
119.1
2,472
23 0
130.8
2,562
24 1
145.2
2,866
61 1
148.4
2,682
57.9
111.2
2,508
17.7
986.0 , 058. 6
960.7 1,034.3
832.7 ••894.0
880.9
819.3
164.5
153.3
153. 4
141.4
880.1
863.8
754.0
745.6
126.1
118.2
444.7
433.9
333. 0
330.4
111.7
103.5
'592.0
r 567. 4
r 452. 9
r 438. 5
139. 0
129.0
1, 010. 2
'967.9
' 855. 6
' 825. 4
154.6
142.5
124.6
9
574
34 3
162.5
3.083
47.1
49.5
31 7
1,058.1 1, 043. 0
1, 015. 6 1,006.7
883.8
'908.5
' 878. 7 861.3
159.2
149.6
145.4
136.9
1975.8
i 922. 8
i 816. 5
i 767. 1
i 159. 3
i 155. 7
MOTOR VEHICLES
Factory sales, total.
Domestic
Passenger cars, total
Domestic
Trucks and buses, total
Domestic
Exports, total
Trucks and buses
thous__
do
do
do
do
do
Imports (cars, trucks, buses), totalcf
___do___
Passenger cars (new and used) d* _ _ _ _ _ _ _do _
Shipments, truck trailers:
Vans
do
Trailer bodies and chassis (detachable), sold
separately
number
Registrations:©
Foreign cars
New commercial cars (trucks)
do___
do
7 794
23
66
2345
11.6
79
16.6
10 1
13.8
82
10.3
49
8.0
13.1
77
25.1
16.5
18.9
12 0
6.5
5.3
5.9
21.6
16 6
8.0
5.3
20.3
14 0
3.6
5.6
11.9
66
232.1
599.7
568.4
26.1
23.6
46.1
44.0
58.0
56.9
66.7
65. 1
42.4
41.8
52.6
51.4
47.5
20.1
49.2
68.0
60.5
67.0
A.R 7
62.4
C7 (\
103 883
66 022
7 063
4*536
7 481
4,613
9 591
5,659
9 337
5,753
9,390
5,923
9,134
5,544
8,174
5,261
8,752
5,627
8,649
5,533
8,760
5,716
8,363
5,684
9, 189
6,173
305
245
422
642
1,156
1,593
1,146
1,849
2,402
2,469
2,020
745 8
52.1
793 9
47.3
908 7
57.1
606 6
37.0
IftQ 9
7,112
4,883
2 229
6,983
4, 598
2 385
8,894
6,512
2 382
7,725
' 6, 429 '7,923 '10,275
5,850
' 5, 691 ' 5, 868
2,055 '4,425
738
8,655
42 736
32, 471
^Qf»
1ft 9fi^
45 266
32', 873
46 004
33,644
12 360
3
7
7
0
14
14
1,481
5 0
1,479
53
24.1
16 2
5.3
22
14 652
403
q qjQ 9
fiR7 ft
484.1
1, 361. 8
569.4
1, 528. 9
36.0
102.7
631 1
30.1
98.9
798 7
43.1
126.9
895 9
46.9
142.3
841 4
49.5
130.8
841 5
49.3
135.2
833 6
52.0
136.4
766 7
54.3
129.7
589 5
51.7
69, 074
45, 360
77,880
53, 376
6,130
4,272
5,873
3,976
OQ7
6,813
4,659
2 154
5,784
3,739
2 045
5,034
3,583
1 451
6,345
4,429
1 916
5,839
5,241
598
8,555
7,971
584
6,330
5,586
744
8,801
6,188
2,613
7,821
6,441
1,380
99K
or on7
qc nAA
07 900
4ft 839
25, 832
28, 209
42 373
30, 291
6.3
4.9
Aft °.
8.6
EC
O
6.9
f»K
R
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments
. _ .number-Equipment manufacturers, total.-- _ _.do
9/i f\0d.
.do
do. _
do
' 71, 072
44,627
'26 445
88, 875
65,937
22 938
do
..do_ _
do___
32, 949
18, 972
13, 977
45, 266
32. 873
12, 393
Passenger cars* Shipments
do
Unfilled orders, end of period
do_-_
254
201
New orders
Equipment manufacturers, total...
Railroad shop5! domestic
Unfilled orders, end of period
Equipment manufacturers, total
Railroad shops, domestic...
Freight cars, class 1 (AAR): §
Number owned, end of period
Held for repairs, % of total owned
thous.
5.9
6,152
4,348
1 SftJ.
6, 166
4,040
9 9^7
9,436
4,582
4 854
4,770
3,314
1,456
7,827
6,025
1,802
4,799
3,110
1,689
1, 481
5.3
1
41 735
31, 140
19, 500
16, 965
18,845
16, 161
20, 517
16,063
19, 589
15, 636
20, 875
14, 332
23, 982
24
27
31
29
26
22
10
13
9
0
on
oA
CO
CO
on
30
10
1,492
1,491
1,489
5. 8
1,488
5. 8
1,487
5. 7
1, 495
1,496
6.0
1
2
'Revised.
Preliminary estimate of production.
See note "O" for p. S-21.
3
Beginning Jan. 1965, data exclude exports of incomplete (unassembled) vehicles.
I Monthly revisions for 1963-64 are available upon request.
9 Total includes backlog for nonrelated products and services and basic research.
9 19fi
or
177
191
1,495
6,594
4,337
Sfift
1
6.0
1,495
5.8
1,495
5.7
1,495
5.7
1ft
5.7
5.8
1,488
19 onq
©Data include military-type planes shipped to foreign governments.
cf Data cover complete units, chassis, and bodies.
©Courtesy of R. L. Polk & Co.; republication prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars.
2,428
2, 564
'
• ", • ' ''' SECTIONS . ' '
.
-
General:
Business indicators,
> . . , , . , . . . . , , , ; . ' - . , . . . 1—7
Commodity prices
'../,-,.;....
;..,
7,8
Construction and teal e s t a t e . . , , , . ; . . . , . ; / . ' . , 9,10
Domestic trade....... ;-, . Y . Y . 1
.-„ . . . . . . . . 10-12
Employment and population..,/.Y.. , , . , / „ , - , ,
Finance,Y. .-.„ .Y..,.-.»..-..-.'Y,:,,-...,.Y . . . . . . ,
Foreign trade of -the United States,....;..,..;
Transportation and communications;«;
....
.Industry:
,Y
:
12-16
16-21
21^23
23,24
' Y : ,-;V , - - , - ' Y" ' . • - " • ' - ' /
Chemicals and allied p r o d u c t s ; . . . , , . . . . , . . . . 1
25
Electric power and gas— ;»',,...-..,.'. y . _ . . . . ; .
26
Food arid kindred products; tobacco. .'..,....,..' 26—30
Leather and products........,./,.'...,.,'.. • • • • 30f 31
Lumber;and products..,«>.,.-,';;.,.,.,-; J . . . » Y.
31
Metals and manufactures,. - . v.-,,,.,..:,,;.,.. . . 32-34
Petroleum, coal, and products.. .»/./,./,',;.'.. . 35,36
Pulp, paper, arid paper products.,-,...:. / . , , . . 36,37
Rubber and rubber products,... 1 , ; . , , . . . . ; . .
37
Stone, clay., and glass products;..., ^ . . . . . . . . .
38
Textile products.; .Y.. .
. . . . . . . . . . . . " f . . ; : : 38^40
Transportation equipment
'<;'.....
40
INBIVIIDUAL SERIES
• Advertising . YY . -, ;.Y Y . , , - . , , ; , ., Y;". :••/.". . .Y . /'. . ,. " 10, 11, 16 .
Aerospace vehicles. . . . . . . . . . . : . . . / . . , . .'-> \ .,.,, . 40,
Agricultural loans . » . . . . . . . . . » :', ..... ,- , Y. •/>.,-, . .
16
Air carrier operations. . '. ••*•• Y, > •'••. . . • • ,-.'YY, '.Y ....
23
Aircraft and parts. ; . ';> ; -.' '. . . ; ,r. . . , . . , , 3, 6, 13^15, 40
Alcohol; denatured arid ethyl. ... Y , vY : . ;. 1 . , , . . 1.
-25
Alcoholic beverages. . . < . . ; Y,-:Y, , t . ; , . .... . , . 8, 10,26
'Aluminum. -. '.',*,., * , » /. Y.YY , , .' ; ;".• /'.-.,, .' ; . . Y.' . ;.: ,23,33 •
Apparel. , ; : . , . . ... . . . . . : . , ; ; . .Y YU 3,4, 7, 8, 10-15, 40
Asphalt and tar products . . . . . , , . . .-'-',< ,' v . V YYc . < ; . 35, 36
Automobiles, etc, Y . \ f Y, I 1, 3-8,;% 11,13-15,19,22,40
Earnings, weekly and hourly. . . . . . . . . . . ........ 14-16
Eating and drinking places. , ..... . , , . . ..... ... 11, 12
Eggs and poultry, . . . . . . .
...................
3,7,29
Electric power. . . . . . ...... . . . . . . . . . . . . . . . . . . 4,8,26
Electrical machinery and equipment. „ . .-. ..... . .
3,
5,6,8,13-15,19,22,34
Employment estimates ...... . . . . . . . , . » . ; . . . . . . 12-14
Employment Service activities. . . . , , . ..... .....
16
Expenditures, ;U«S, Government. ... . . . . . . . . . . . .
18
Explosives ..... ... . . . . . : . . . . . . . . . . . . . . . . . . ...
25
Exports (see also individualcommodities). . . . l,2»21-:23
Express operations, . . i : . . . . . . ... . . . . . . . . . . . . . .
23
Failures, industrial and commercial . . . . . . . . . . . . .
7
Fans and blowers., . « . . . . . , . . . . . , .... ..... i ...
34
Farm income,; marketings, snd prices. ........ . . . 2, 3, 7
Farrii wages. , ...... » » » . , . . ..... ^ ... \ . . . . . . . . . .
16
Fats arid oils. . ........ . . . . . . . . . . ,. ..... .. . 8,22, 29, 30
Federal Government, finance. . . . . . ., . . , , . . . . . . ;. ,,
18
Federal Reserve banks, condition of.. . .____. . , , . . ; 16
Federal Keserve member banks; ......Y ..... . . . .
17
Fertilizers. ._____, , , ' . • . . , ' , . :. , , ; . . . . ; . . , . . ; . . . . , 8, 25
- Fire losses,-. . . ; , . . . . . - . , .'-.-'.. -:.-:\'^v- . . . ,.-./: .-/,';'"' '10,
Fish qils andfish.. .; . , - ; . '. ... . . . . .' . . Y , . , . . ... : 29
Flooring, hardwood. . , ; :. . .„•/, .- . , ... ....... . . , Y.
31
Flour, wheat;.. .<-. , -. .. .' . '. . -. .' , '; : •: ."•> . , ____ Y...Y:
28
Food products. , . ,1,4-8,10,11,13-15,19,22,23,27-30
Foreclosures Y real estate. '. '<,' . ... ..... ...;.. . . .= . i , , 10
Foreign trade (see also individualcommod.) . , » . < , 21—23
Foundry equipment.,; » . . . . t . . . . . • . .,. . » . ,,« • . < . ,
34
; Freight carloadings.,^;__. .'./.____'. .4 .-'.;. ,Y-. .-;'. .''.,[. . './ ' - -24Freight cars (equipment) . f ,;,.- . . ... , . , , . , ... . . , . 4, 40
Fruits and vegetables^ , . . '.'..•'.-.; ',', . . . . . ; ... . . i '7, 8,22
.Fuel-oil, ;.;.';.'..-. .Y-.,Y. v. ; .'-. •:•:.. , ;-; . v. :-.' . ."•'. '. : 35,;36. -
" fueisv . . ,,. ;..;..; ^ .- s ;._,.- Y. •. :,.,. .-• \ v;-;: • , ,', 4,8, 35,36 ,
'- Furnaces*'. .Y.v : .', . .-. .v.'.'\ ... . .'.Y .%/.'•.:,. .-..Y ;.'. ' 34 ;
Jiirriitare.V. Y; .Y.-; . .Y. -. .,. . /. ... ; f; ..." 3*4v8>ll-15,17
; Furs,;.;;', . Y.. ; . :-. ...Y/- .;.;;.. .HYv.Y;. < . /, .-,* .••.". .•'.; ;"._ '23..-;
Gas, output, prices, sales, revenues. . . . . ; . . . . . ;; 4^8,26
Y Gasoline.Y. , ; .' ,-., Y.^vV:-. . . . -Yv. .' Y. . ,Y ./Y. ,;; :„: , . J.,35, 36-'
'Glass/a-nd products. „ . -'': , . -. ". . ., ;- / ^ .- 1'-, ','->-.-. ,-..''Y, . ^Y'.-' - ' -'38 '•
, Glycerin../..-'.,-/.. ... ;-.,;.,'. .,:Y. .', . .v.-iYi'i.'.^Y' Y ' 25/
;
/
National defense expenditures...,..,/,
1,18
National income and product. „ ' . . . ,
1,2
National parks, visits,.
;
24
Newsprint.
»»
/,.../,. 23,37
New York Stock Exchange, selected data. Y . . . . . . 20,21
Nonferrous metals
,. Y
; . . 3,8,19,23,33,34
Noninstallment credit,....,.,
» . . , . . 17,18
Oats,.„„.,,,
.,.;•'..,.'..,..'. Y'.'. . Y...;.".- .'.-•
/.
27
Oil burners;. . , . , . , . . , . ; , . . .
,,;/,. Y Y ,
34
Oils and f a t s . . . . . . . . . , - , , . . . . . . . , . . . . . . . . 8,22,29/30
Orders, new and unfilled, riianufactiires*..... »Y .,
6
Ordnance,
.'.
. . . , , . ; . . '.„ . . . . . . 13—15
Paint and paint materials,,;. /..,; /;.././.. /., 8,25
Panama Canal traffic,. . . Y . . 1 .Y ,.',„.,',, -, ;-'•; . . , . . . .
24
Paper and products and p u l p , . . . . . . . . . . . /»,', Y . 3,
5,6,8,13^15/19,23,36,37
Parity ratio.. . . . . . . . . . . . . . . Y Y , . . . , . . . . . . . . . . .
7
Passports issued,,
Y. Y. . Y . Y .,
24
Payrolls, i n d e x e s . . . . . . , . , . . . . , . , , . . , ' / • ' . . . . . . . .
14
; Personal consumption expenditures........".'..,-.-.
1
Personal income..... t , . ' ; Y , . . /, Y. , . Y.. Y . . . . . ^ , .
2,3
\' Personal outlays;- .-..,,,•..,,.,-,/./,.,- /,,, -, -','-..;. "„';' /.. , ; ' '' 2 Petroleum and products. ......... /;.. / Y ,Y . 4-6;
8,11,13-15/19,22,23,35,36
/ Jfig iron/,-,..:. Y
....'.".>,..,..„, Y»Y,.;;. /,-.,.. ' - - 32
/Plant and equipment expenditures.;. '. . . < . . . , . .Y . , 2,20
Plastics and resin materials,....;-;,, ,;,;Y,, YY. /: Y "25
Population.,,.. .Y . Y . . - , . ' . . - . , . ,Y ; . .*;-;.-;.'-..'.-/,;.-.'" 'Yl2Y
Pork, /,. Y.., . ;.'.:. ;,,'.. .'Y,.. Y;;',,".././;;/Y. Y//;, Y ' 28' .
Postal savings...::
.. ;Y .„,-.;-.'.,,..'„•',,,'.-.. Y
17
Poultry and e g g s . . . . , , . . . . '.•;,-.;,,; -YY , - ' , . . . . . . . . . 3,7,29
Prices (see also individual coriimodities)», , . . . . . .
7,8
Printing and publishing, v. ,;', . . . . . . .... Y» *; 4,13^15
,' Profits,Corporate.';
;,. Y, .//-..,-,:,.;. ..-.-,'.,.''. ;.-/-',- '-^, 19 '•'
Public utilities. Y. /;.';,; .Y Y.../,,2-4,7-9,13-15^ 18-21
- ''Pullman Company-.. -, , Y. .'.,,-,.'»•,, : .»;.--.'.',-.. .-.Y'/. . , ' ' ; '24'Y
Pulp and pulpwood. Y-.,..,,;-.'.,.-/.,''.-.',;-;...-,/,.,,-,,Y-.'.Y Y'Y^^YPurchasing power Of the dollar... Y. .;.. YY '.Y'-/, Y .,
8
Riadiators and conveetors,........ Y . , v ; Y Y ...,,
34
Radio and television/: Y^:' : .... Y. .YY , , . . . / 4,8/10,11,34
Railroads.. /. //... Y. Y,Y v ' 2,13,14,16,18,20,21,24,40
• Goid,-> ;-... .-. . Y,/. ' ..... :•: /. , .=/. , .\, :,,. . Y,. : .:.- ,;../. •: 19
Railways (local) and bus lines. Y; . . . , ; . . . , Y/. 13-15,23
Grains and products. . . ...... .____, . ; 7, $, 22, 24, 27, 28
llayon and acetate. . Y . % . / . . . . . , / . . . . . . . . Y. . . .
39
" grocery stores^ ,._«. . , ;•-. ... . : . ..* . : .. . ,;.'..-. :'.\ ;".'-. . .'Y'.v ; 11,12 - •YReares'tate. ,-... ^
;C.Y. Y.' Y.,.-.-,.; i- YY./.. .Y 10; 17,18 Y
•'- Gross national product. ,X ....'...' .Y;Y.>.. •« ...... >,YYY' ' ; - :- 1 Receipfs, U.S. Government.;....;,, ; ,-,.Y<.. 1 . . , . ; .
18
Gross private .domestic investment.\ ...... . . ; ... v „ 1 , YRecreation.--,-. . . . - < - . . . . ; , . i.-:-Y: /.,....;;.,,. Y,;Y '..',',-.'','-' ' '7 '
Qypsum and products, . . , . . . . .;/; .... . .".-'. . , . Y. . 8* 3B
Refrigerators arid home freezers. YY Y. Y.; .. .. Y
Balance of international payriieiits: , 1 '. . . . . .... . .
2
Rent-(housing). •', , ,.Y ;:',.-; .'',//;, ; i;-,Y. .','/,-.» K / "; .v?.
Banking. /. ; /. .Y,//; • . ;/;. ... /V, Y/. V '; :, VY. , Y ;-.Y/;16, 17' '
Retail trade/.. "Y-.'-Y , , Y . . . . ; .
Y , ; 4,5,7,11V 17,18 ;
'-Y' , 1 '
1 ;
• Barley.,; ,. ;;>. /: . Y. ';_•• /! ,,,Y /YYYY.',Y;,,xY/, . '•' -/2TY ; Hairdwaffe stores: ;v>V.'.^ .Y v Y,,. ;.-'-. „. „-, . .,,.-,=-.',.
•Rice . .' "" ' . . . . . ... ' . '. . . . v "'"'
'
':" 27
8i'-'34 ,"
lleatirig equipment /» . ; » » » . , ; -;'v .' -.> .V ,'., ;, . . /
' Barrels - and drrims .- ',, .'. //; --. -. Y ", ,, :- '-. '.' .- -'. .;.-.,.' .-,.". :-; .', ; ,.-,,, ' - *33
Roofing atiad siding, asphalt,.; i . - ; / » , , . ,
36
Hides arid skins ...... .;".'•; . Y. .;-.'.'. ,,.';; . ; ,,,V<
Battery 'shipm'eritg; ..,/. ..... '; .: .' . •;'-', '. .-, 'iC.-,:^.- . v '. .V; •-. 34 -,8f30^
YRubber/and^ product^ (incl. plastics)V. .Y -.-,.,;.:Y :'4-6, '
Highways and roads, i ..... , , . . , . , . . . .....
9, 10
• Beef and vesA... ;•„'-. . ,'v. , , .\ : ^f/^vV'. A , ,..>-,^;, -. '= 28^
8,13-15^23,37
Beverage^, . ;,: '... •:.\;-^":^ .,*;;/": y:V.'i*U 4 4,8,10^6 * ' Hogs/. . -: . ; ,,;-•: ^ ,;;'.;. . ;'-v-. . . ; ; ,;,.,,-. ;.. :
Blast furnaces, steel works etc, , , . ',. ,'. . . :, . , , . 5, 6, 13-15
jEIome Loan banks^ outstandittg advarice,s. . .
10
=, , ;lO' . /-paving,;pfersonal.,.-;,';", Y/.',';.,,.-.-.,-»-«.'/. .Y.-./-. Y/.-.'-Y.', ' - Y,,2-,
Home mortgages. . ; .-Y.'.Y- .-..-„ .-'»-•,-'.. . YY;;' .-'/,-. •'
Bonds, outstanding^ islsued, ^Me<fes, sales, yields. - * - 18^20 ;
, 'pavings deposits. -... .-«'„.Y-,.; Yv'-*',.sY.'Y . //YY.'YYY.'.:',.,'., '--''-17 '
Bras's arid 'bronze. ;,! : -:-:''.v -",,'.'. .';:^ .,.:-. ;,*- .';>.:;». -;; /;:''- , 33:
Hosiery Y. , . . .•;.::.;:.-, . '.-.'-'. .-. , Y* .;'.'-: Y. ; l . v^,
- :-' '40 ; . s Securities issued,.'.' ,;',„'-,-.", /„<'/-././. .-YY,.'YY',i:':'. Y.YYY -19, 20.,
:
:
Brick. .-. ;•; „. ;/;;',; ,:,..;;;.:.., ..:'•. ';.;;;.;;, -...-.,.,,, t=.,-. • • 38 ; Hotels. : , /.,;.;;, .-,/,;.,-/./.-, . . . ., f . ':/:.-•: .
Security'markets Y.'...-.,' ,Y . ..;', Y.';.-';-;,'. ;•.,/,-.'.%,.. ;20v21'; 14
Hours of work per week. . , . Y Y. . '. . . . . , , . , :
Broker's balatices/ ;' ../'... v '. v ;, - ; , ', ': , ; -.-...'-.* V ; ;-;; .',,/•. , • SO
^Services. Y;,:':../,-. .Y .:'/_..;,;':.!,.Y;,.; ;•.-; Y- 1,7,.13^L5;Building and construction materials. ,", . . 8, 10, SI, 36, 38
Housefurnishirigs . ; ,. . . . . , . , . : . . ; , . . 1 . 1, 4; 7, 8, 10-12
Sheep an<i lanlbs! , ... .......';'.,. . .'.'-/. 1 . . . . . . . .
28
Household appliances and radios . . . , Y. ; ,;, , , 4,8,11,34
Building costs.. ... . . .',-;'!'/; •'.,'; VL . . , .;. .,.;•;';/.,.;:., 9ilO/
Shoes and other footwear,
Y Y . , , Y. 8,11, it, 31
. Building perriiits. v ". .'..;. : .<;;.-l,,V» . .',',,,;.;.,,. . .";. .-:'//. ,'..-; ;• v ^ '
, Housirig starts and permits, , , , ,/., ,'.'. . . .; . , . , . . . . , ,
9
•- ^Sver; ,Y '.*.,; /,'. /:„. Y: v-.. ,Y .;/„>:;,;:,;./..,;....-.;.-. ,'/ ,19;
Businessincorporations (new),; failures.••» . . . . . . . .
7
Soybean cake and meal and oil. , . , ; . , ... .1. /.. Y
30
Business sales arid inventories, . . . . ." . '. , . . ; . . ,',....
4, 5
Spindje activity, cotton, Y « Y , . . . . . . .; ... /,,.....--.
39
Imports (see also individual cOirimodities) ..... 1,22,23
' Butter. ;..... ...-. .(.;.;i'.. "... . .V;; ,', ; . .;.', ;.:',. : .,. / . . » • -&7'
Income, personal. . .-'.;'„ ...'.,.>.-.',,; .•'.,,..-','. . :..-.' .'.>„, . -2,3',' ;, Steel ingots and steel manufactures.. . . . . . . , . . . . 32,33
"''Steel'scrap.'. .,.„.., ...'.-.. .Y, ,,YY-.. -./.-.'Y-Y /.',-,.: :,Y,Y -.,/ 32- .
Income and employment ;tax receipts, .;.,..... . .;.
18
• Cans (tinplate).
'. '/ - .33
-StOck'-,priees, earnings^ sales, etc/-,',-,- Y,>-. .„. >/» Y. ; .','20; 21-'
Industrial production indexes:
Y
-, . •••24'-...
, .
Stone, clay' glass products,.. ; ,.... 3-5/8,13-rJ5/19,38
, , By industry; ;.,..-. .-.i-.-X.VY ^'I.,.'Y;Y '-.-.., . -.v. ;\, .; ,'3,4, ,
v
28
Cattle and calves. ... , . ..'... . > ..... v, r . . ..
Stoves and ranges.. /.-, ^YY/.Y/.--, ,Y\ YYYi'Y. /, Y.-Y .,"" 34
»',,,By market grouping.,-.,.-. Y-. -. ;'.-.-. Y v -» »,,-, , /; .:, '.;-. : - 3,4' ',
8-10, 38
Cement and concrete products. . \ . . , . , .% :'.
/YY. .;;,-: : .Y ..Y '23^29 '
IttstaJInferit credit. , ,^^Y: , Y,;Y : , Y; . .; . v .Y . Y12, 17, 18 Y!Sugar/.;.Y .,/Y. :•. .Y...Y.V-. .:.../;;
Cereal and bakery products. . . , , ; , '.'. . . . . . .
..
8
Installment salifes, department stores, . . ^ . . . . Y . , ,
12
Stilfur..;.. .Y.:. Y . . . .'.....Y^Y-v^.;/.^ .,.!.•/.".-.//..»./'-; '25':
Chain-stp^e sales, firni^ with 4 or more and
;
; YSulfurie acid. . .'. Y . . . . . . . ' Y . . . ..'.',...'.!.-»,; ,;•'; . .,»-,., Y ''' 215; .
^Instruments and related products. \; . , , , » . . ^ 3,, 5, 13—15
more stores, -.'."'', . . . .-",..\ ;.,'. .-. .V, „''„ ...:'.;.»;, i ; ^ /
• 12,Insurance,- life. , ', . '. . ; •:, .', ./.^ . . .- .,;, -'-. 'J V ., . . , . . .'-, . . ,'.- , - 18,;19 "^Superphosphate^;. ,,/Y...', ,,-.:.YY /.;,;v..;,,,':.',Y' Y.,- ''-/;• 2,5
•Cheese. \\ ..... , . .V.; . .-; vs..'. •.";.:>...'. \ .'.'. r\\ : ,'. . ' -27'- '
Interest arid ntonejy rates . Y . . . : . . , . . . . . . . , , . , . .
17
Chemicals. . . . . /;, ; . . . . ;, , ; . ,4-6,8, 13-15, 19, 22, 25
Tea imports. . , . Y;;./:''..,'. , - . : . , . ."Y. Y.Y ,-.'...-'-..;»'.-", ?9Y
Inventories,riianrif^cturers*and trade. . . . . , , 4-6, 1 , 12
1
Cigarettes arid- cigars. ; .-.,. .-•-''. , - , . ; . . ' . '.-.;'.'.-'-. .'.',, . -.-. '. 0, 30_
Teltephpne, telegraph, cable, and radiotelegraph •„•
' Inventory -sales ratios. . .;.' . ' , . . . " . . , ' ; , . . . - , Y,' . ' . . - , . , -, 5
Civilian employees, Federal, . ; . , .'..*. •:•'.'-. . . . . ; -. „• . , .
14
,' ,. carriers:,,,.. . .v.,-: -.,-.:', .,.'.;..-. YY, vY. Y.-. Y' 13-15,24'",
frori and steel. . . . . 3,5,6,8,10,13-15,19,22,23,32,33
- Clay products. .-,..' '. ,. . V /, ', ;;, ':': ;; ';..' .'.'. '. VY- .;.;.'.•;./ -8, 38 ' Television and radio,..,
;.. Yi.Y 4,8,10,11,34
Coal.-: //;.. : : a:-: .''. , ,,./:,-'.'•;-,.;-, ... : 4, 8* 13-15, 22, 24, 35
Textiles and products/,.': Y 3/5,6,8,13-15^ 19,22/38-40
Cocoa;\ . . . . ' . /. . / ; . " . . . ; , .,-„-,.,.. J /. ::. -^ :.-.';-'. .':. '23,29"
Labor advertising index, disputes,' turnover. . . . . .
,16 (
•Tin. ,::.,.. Y,Y .':-.,.-. .Y/./.'v. .-...,./„:;,,,,;.'/.. -;.'.-. '23,-33-;
;
' Coffee; ,.'.;. .,'.;,.; 1 ^ /.v.'. .'-':-.»-./. .".-../:-. .-'.V .'.». .-', .-;23,29:
, Labor force . Y. »'; .-., .Y . .-'.,. . .-,. '.•'.-. , ' , . . ' . * »Y .-Y. .-,.,; . ', '12 , *
Tires and inner tubes. ,Y . . . . . . Y. 1. . ;,../. 8^, 11,12,37
Coke, . . . ; '.:; v ;,. ; ..'. .''/, ^ . :Y ;':'l .-'/'! .-/. * 1. .-.-:•/", . :• '• 24,35 /
Lamb and mutton ,. . . ,/, „• . , . : . . . Y. . . . . . ; . , . , .
28
Tobacco and manufactures Y , . .. Y Y 4-8/10,13-^15,22,30
Coramunications, . 4 ; . . . .;,/.;. ; ''<;-. , ; . 2,i3-15v20,24
Lard; . .'; .'. -.Y . V, , ;-Y;'v-. :', .-.'. .'..;..;..:,.';',., .'. \:- ' • 28-.'
Tractors....... //.,Y ., .'/;.,. .-.-Y . /.".Y;Y,. .;/Y.Y";',',- 22; 34
!
Confectionery, sales, .Y ;< . . .'; .-'? , , ;_,\',/. .*'>/-.-. .': . . - , ' - - ,29
' Lead,, . \. Y; ..'.,.. ;-, . . % Y . , ; . . , . - ; - . ' . , . . . . / .-..', , . ; '; - 33,
Trade (retail and whoelsale). . Y Y , , , 1. Y YY; Y Y 4> ^ 11,12
. Construction: ,';, ; "-'' •'. '• ' '' : ' "-', -' -; '--- * , , , ;'- " - - " - - " , . - --',
Leather and pifoducts. . . . . . Y; . . . . ; , . 3^8, 13-15, 30, 31
Transit liries, local.', :• * .,.Y., /..-.-,.';.'....'; ;Y ./., I Y-..,,':'-.-' ' '-23.'-,
'; Contracts..;'. . .-', .';• ..... . ;', ,.'/.';« <v/.'v; .-.v. '.<«.,- '"--''9 :•
:
'Life insurance, . . . '. ; .-.':. : . ... , , ,,, '. i , .,. /; . -> ,,' .-.;.' 18, 19;,' : Transportation. / . , , , . , / : . . Y. Y. . /Y 1; 2j 7,13-15,23^ 24
• Costs . ;. . . ;./ „.„;•;. /-; . ;. . ; .;.-;:. -^ ,:;.,= /X / . -. ;.;.- ; , -, 9, 10 'Linseed oil.', ,-. . -.'.'.- '1 ,','-. -.'. , . . . ' ! / , . ; .=-,' ..'.,.-.,-,-".." - 30' YTransportation equipment:...... Y .. Y 3^i5,13-15,19,40
Employment hours^ earnings, w^ges. ... ; . . . '. . . 13-16
Livestock. . Y, . . . . . . . . . . . .-" . , . , . ..... . . Y. 3,7, 8,24, 28
/'Travel..;..:.'..:-...'... , Y /;.'. Y,.,".; .,;'..YY.- Y./.'-YY,".,: ,'23i24
Fixed investment, structures. , . .<. ;. . ., . :••, . : . . . . ; /
1
Logins, real estate, , agricultural, bank, brokers* ,
'YTi*u'ck:trailers'. : .'•.,;. .-.-.,»;-Y. /; /Y".. v . "•-, .">;-.,; /.,,'.. 'Y'- ' -40 -,
Highways and roads. ; . . . ; . ... : . . » . ; , ; ; ; . . . . 9^10
(see also Consumer credit). .. ..Y , , . , , .. 10, 16, 17,20
Trucks (industrial and other).. . ,Y ,Y .,; Y; Y.Y ,Y. 34/40
.-Housing' smarts'; ;'v.\ ,', . ;\ .'.'.;.. ..-, '; , . .'-. .-',,.,. „ :
9
Lubricants, t . /. . ... . , , . . ; . . . . s 'i , ... . '.-'« 1 ... , . Y 35,36
Hew construction put in place. ... . . : , . , . . ; . , .
9
Lumber and products. Y. ,____Y . , , . . . 3,8, 10-15, 19/31
Unemploymeiat and insurance.. „/, v-, . . . . . . . . ' . - . , / 12,16
Consumer credit,-, ;,_. ;'-. . <::*,/:v, «;. . V:'-.-.' =,,. ; ,-.'» :.'> -17, 18 :tJ»Si Government bonds!.:, . . ., Y. ; , . . Y l ; . Y. 16-18,, 20
Consumer expenditures, , , . -.: . : , , . . .; . . '.: > . ,/ . . ; . . .
1
'.-U.S.' Government finarieeY.',- ,„..;..'.,-,'.,/.'.--'.. : Y < ; Y - ' - - 18'Y'
Machine todols'. . .' „ , Y-..Y .'.:.'. ,-.'.' . . .".-, ,...-'._____» -.- ' ' ','34 '
Consumer goods output, index . ; . ,', .,". . . . . .'t . , , .' * 3,4
Utilities.'.;Y :•>;.,.;/.
/,,vY V.,. 2-4,9^,43-15,18-21,26 '
Machinery; , - Y . ; . .,, . ,.; , ; .. 3, 5, 6* 8, 13-15, 19, 22, 34
Consumer price index ..-. .-^ -. *.'.--.-;;.«» .'--, ',";--, '. s , -. -. .-' 7
Mail order houses, sales . , . . . . . '. . . ' , , , - . . . , . , , Y . . ; 11
< Copper.'.,; ;/,„,. •'. 4 . -; ; ;;, ,-.-;.. ,-'; '.>,;; .//-.-;„ v-.\ • ;•'/ -23, 33 ';
;
:
;
; T-aeuum. cleaners, ,,', ,,,..,./,,;.-.'. ;,.';/.,. .--,,Y,Y/.',r Y'..."'•' -'''34 ""
Manmade fibers and manufactures. .V , Y, . Y . , '. , , . 8, 39
Corn.,,:' . . ; ,?.V>; rV.v.;;,;'.J'^: , ,v v/. r.V.C: :VJ, ' '27;
''Variety' s'tdres.-... Y/, YY-. -,".\ . Y : -.';.;.;,. .'Y-.Y/.':'".Y;Y-11,12'
IVfariufacturers* sales (or shipments), inyeritories,
Cost of living (see , Consunner price index) . , v , , ; : .
7
' '• \ Orders,-", V,,r.-. .,; .' »'.vY.'-.''l v; ;'_. ,Y;, -.''lYvY, ;..,'. "', .Y,., , ' 4-6 : ' 'Yegetable oils.,-, -. ;,. '. Y . . . ' . . Y/.'. -;'. Y . , /. 1 Y'Y.'».. Y Y. Y;"/ $0 Cotton, raw and maiirifactures. ^ , ; » . , , . . 7,8,22,38^39
^Vegetables and fruits,;«- ,'U .>Y=,,,-'..,;; : ;.;; ;,Y,,,YYY Y 7/8,22/MMnufaeturing employment, prodrictiori workers^
Cottonseed dake and meal arid (oiuV « -. , . /. . v , . , V.
30
• -"Vessels''cleared in'foreign; trade /. . :'_..-:-,-.;Y, ;,/;',,> Y'.; 'Y-''-;-''. -24', .'
payrolls, hours, earnings; . . . Y. . , . . ... ', ^ , . . . , . 13-15
Credit, short- arid ittterniediate»term. .-.-« : . . 1 , . . , 17,18
Yeterans* benefits /.., Y/.Y ;'..,> ;';.":''.//. ..-.,Y.'..,'Y.'Y.'/Y''16,,1!8'',',
Manufacturing production indexes ..... . , /.;,.../
3,4
-Crops '.';;,/.,/-.";=. : : .,";•/,,': : .Y,,, Y.-. . . . 3, 7^27,28, 30, 38
Crude oil and Natural gas.. , , YY. . , ,, '. ; . . .. 4, 13-15, 35 :
„ Margarine;. '. , ,' . -,, , , ,' ;., . '. ', ;; \ '. .. ' .'; ; .- ". ' . ;,'..'. Y '. ,.' '. •* . , '; ,; ; ; ',-: • '29 , '
.'• Wages and salaries. .
Mea| animals and meats. ; .Y .^ , . . . ; . . , , . 3,7,8,22,28
_ Currency-, in; .circulation;^ '.,.;.';.'. f. <;•:',,• ,-;^,v #%;,>' . .,: . -f ', 19,
-' 34-;
: Medical and personal carie; . ... . , . . . , ^ , . ... . , ,;;
I---., Y Washers and driers.
Y'Water heaters//., :,,,,/
' 34
Metals. . : , . /;,'. . . . ; / . , ; . 3-6,8,13-15,19,22/23,32-34
Dairy products . . Y i .; /Y.'-.;. •«,,'.',-;>•; ', --.Y !-'Y; .' /;YY.'' 3,7,27- '
'.24':
."-Waterway traffic^ '
Bebits, hank.; , , , . . ) . . ; / , .,,. ',.,, ,''.'. ;,;:Y . ' . . ,;/ ; ; . / Ylg
,
Milk..'. .Y.Y'.;.-.Y. ; ,-.-, Y.Y,,:..,'i:,.;;,. '.^ /.-/.;;;.,-'/-. ^7
.
-S|8.v'Mining and minerals; . . Y Y, ..:.,/. , 2^,8,13-15,19,20
' Debt,; tl.S.,Goferriment« ./v -.','.-. !',;'.;:;. .'' .Y •>.;;. ' . . . . . ., ' ; • ,',18 '.
' '
YlWholesale- price'indexet..-;
. ..
'-Monetary statistics. , , -; YY'.'Y/-,. ;,.-.:,Y. , .-; '. .Y ./,,'Y/Y-. - - ' , 1,9,'
;
' Wholesale tradb/, . YYYY.
_ Deposits, bank. , ,;. ; . ;,y>
.; 'Moriey 'supply.; ./-,'.'. '., .', . . ., .'. ; :..'-. ,'/';,, , ;. , ,,, ,;. •-.: , , , ' „ - / ; 19 '"
. - . ,.. .
,
"
*.
.
Dispute's, industrial. . .,';.,' //•'.-,;/.•:•„ .-,.,.'';:. «Y; .Y,. ,,/. . ; ,-16 ''
Mortgage applications,/Idari^sI rates.; .. , . .. - . '„•Y W|» 16, 17
ntariufactttresr, /, . t , .// ,;;;;'.<;r7,-'8,'23,;39Y
Y;.:A-:; //. .'„•*. ^-I'l ,;-;•': .Y.;. :•* -,26'; ' Motor carriers'.! -;-.',Y': X'-.v-.-YY ,:Y>. v,:v 1'YYi :",YVi '.".". Yr ^3/24; •
;
Dividen
. , 2, 3* 18-21
.-Motor veliicles.:-s'Y.,; ;
/
;
Y
\
'
v ' M'otors';a'nd 'genjerators, ;, ;-,
•; ' --28 •
UNITED STATES
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GROWTH PATTERNS
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1940-1950 and 1950-1960
These first two in a series of eight volumes deal with employment and
changes in employment for the counties and States of the New England
and the Mideast regions. The change in employment for each county is
shown with the amount by which it exceeds or falls short of the national
average separated into industrial mix and regional share components.
The influence of each of 32 industries on these employment changes is
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