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MARCH 1967 / VOLUME 47 NUMBER
SURVEY OF CURRENT BUSINESS
CONTENTS
U.S. Department of Commerce
THE BUSINESS SITUATION
Summary
1
National Income and Product Tables
3
Alexander B. Trowbridge / Acting
Secretary
William H. Shaw / Assistant Secretary
Manufacturers' Inventory and Sales Expectations,
First Half of 1967
for Economic
6
Affairs
Office of Business Economics
George Jaszi / Director
ARTICLES
Business Investment Sales Expectations for 1967
8
The Balance of Payments, Fourth Quarter 1966
14
Morris R. Goldman
Louis J. Paradiso
Associate Directors
Murray F. Foss / Editor
Leo V. Barry, Jr. / Statistics Editor
Billy Jo Hurley / Graphics
STAFF CONTRIBUTORS TO THIS ISSUE
Business Review and Features:
David R. Hull, Jr.
Donald A. King
Jacquelin Baumaii
Marie P. Hertzberg
Articles:
CURRENT BUSINESS STATISTICS
Genevieve B. Wimsatt and Staff
Walther Lederer
General
S1-S24
Industry
S24-S40
Subject Index (Inside Back Cover)
Evelyn M. Parrish
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U.S. DEPARTMENT OF COMMERCE FIELD OFFICES
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U.S. Courthouse Ph. 247-0311.
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Atlanta, Ga. 30303
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Birmingham, Ala. 35205
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Boston, Mass. 02203
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Charleston, S.C. 29403
334 Meeting St.
Ph. 747-4171.
Charleston, W. Va. 25301
500 Quarrier St. Ph. 343-6196.
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1216 Paramount Bldg.
Ph. 284-4222.
Detroit, Mich. 48226
445 Federal Bldg. Ph. 226-6088.
Greensboro, N.C. 27402
412 U.S. Post Office Bldg.
Ph. 275-9111.
Hartford, Conn. 06103
18 Asylum St. Ph. 244-3530.
Honolulu, Hawaii 96813
202 International Savings Bldg.
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Houston, Tex. 77002
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345 Federal Office Bldg.
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Milwaukee, Wis. 53203
238 W. Wisconsin Ave. BR 2-8600.
Minneapolis, Minn. 55401
306 Federal Bldg. Ph. 334-2133.
New Orleans, La. 70130
610 South St. Ph. 527-6546.
New York, N.Y. 10001
Empire State Bldg. LO 3-3377.
Philadelphia, Pa. 19107
1015 Chestnut St. Ph. 597-2850.
Phoenix, Ariz. 85025
230 N. First Ave. Ph. 261-3285.
Pittsburgh, Pa. 15222
1000 Liberty Ave. Ph. 644-2850.
Portland, Oreg. 97204
217 Old U.S. Courthouse Bldg.
Ph. 226-3361.
Reno, Nev. 89502
300 Booth St. Ph. 784-5203.
Richmond, Va. 23240
2105 Federal Bldg. Ph. 649-3611.
St. Louis, Mo. 63103
2511 Federal Bldg. MA 2-4243.
Salt Lake City, Utah 84111
125 South State St. Ph. 524-5116.
San Francisco, Calif. 94102
450 Golden Gate Ave.
Ph. 556-5864.
Santurce, Puerto Rico 00907
605 Condado Ave. Ph. 723-4640.
Savannah, Ga. 31402
235 U.S. Courthouse and P.O.
Bldg. Ph. 232-4321.
Seattle, Wash. 98104
809 Federal Office Bidg.
Ph. 583-5615.
the BUSINESS SITUATION
VJROSSCURRENTS in business
activity continue to dominate the
economic scene. Final demand is advancing at a fairly good pace, mainly
under the influence of increasing
Government purchases. However, the
rise in consumer expenditures for goods
is being held down by decreasing
automobile sales, and the rate of
business fixed investment appears to
be little different from the fourth
quarter pace. Because of the overhang of stocks at the start of the year,
businessmen have been attempting to
CHART
New Plant and Equipment Expenditures
• Business programs a 4 percent increase
from 1966 to 1967
• Outlays expected to dip slightly in first half,
rise in second
Billion $
70
reduce their inventory investment, and
this process is exerting a major
dampening influence on the rise in
overall production. So far, employment is holding up quite well, and unemployment has remained low because
employment in service industries and
government has continued to increase
and because most of the cutbacks in
production, which have been concentrated in manufacturing, have been at
the expense of weekly hours of work.
Business investment as a whole is
likely to limit the gains in activity in
the near term, to judge from the most
recent reports of business anticipations.
The plant and equipment survey (pp.
8-13) indicates that the extended rise
in outlays that began in 1961 is coming
to a halt in the first half of 1967; a
modest recovery after midyear has been
projected. The inventory survey (pp.
6-7) points to a slackening rate of
inventory investment by manufacturers
in the first and second quarters after
the unusually large accumulation in the
closing quarter of 1966.
Payrolls up slightly
40
30
-
10
1961 62
63
64
65
66
67*
1966
1967*
Quarterly, Seasonally
Adjusted at Annual Rates
*Anticipated
U.S. Department of Commerce, Office of Business Economics
Data: OBE-SEC
67-3-1
Personal income rose $2% billion in
February to a seasonally adjusted
annual rate of $610 billion. The most
significant development during the
month was the small advance in wage
and salary disbursements, which increased only $K billion after a $3%
billion rise in January and an average
monthly gain of more than $2% billion
in the fourth quarter. Government
payrolls continued to expand at the
same rapid rate as in other recent
months, but private payrolls declined
for the first time in almost 2 years.
Most of the drop in private payrolls
occurred in manufacturing, where the
total declined $1 billion; in general,
private nonmanufacturing industries
reported small increases.
Apart from payrolls, there was a $1
billion increase in transfer payments,
about in line with the trend over the
past several months. Except for farm
proprietors' income, which fell to its
lowest point since early 1965 because
of declining farm prices, other types of
personal income rose over the month.
Employment up., weekly hours down
The small rise in payrolls reflected a
moderate advance in employment,
further increases in hourly rates of
pay, and a sharp reduction in weekly
hours of work.
Seasonally adjusted employment at
nonagricultural establishments rose by
125,000 persons from January to February; this represents a marked slowing
from the average monthly employment
increases of 300,000 persons during the
fourth quarter of 1966 and in the first
month of this year. About twothirds of the February increase was
in government; the balance was in
private industry, mainly construction
and services.
Manufacturing employment declined
by 65,000 persons in February to its
lowest level since last October. Among
the durables, the metals, machinery,
and transportation equipment industries all reported smaller employment
totals than in January; the major part
of the reduction in nondurables occurred in textile and apparel plants.
Seasonally adjusted weekly hours of
work in manufacturing were cut sel
SURVEY OF CURRENT BUSINESS
March 1967
verely last month, from 41.0 in January
to 40.3 in February, the lowest figure in
more than 3 years. Weekly hours were
also reduced in mining, construction,
and trade.
seasonal adjustment, and for the 2 Government securities and supplied a
months combined, output was nearly substantial volume of funds to money
one-fourth under the October-Decem- and credit markets. Moreover, on
ber level. The decrease in production February 28, the Board of Governors
reflects mainly the sluggish pace of announced a reduction in reserve reretail sales, although winter storms and quirements, from 4 to 3 percent, against
Industrial production lower
a temporary work stoppage in some savings deposits and the first $5 million
Industrial production declined again General Motors plants contributed to of other time deposits at each member
in February as auto assemblies were cut the drop. Dealer deliveries of U.S.- bank. Although this change did not
back sharply and as production in most built cars declined in February to a affect the 6-percent requirement against
other industries decreased. After sea- seasonally adjusted annual rate of less time deposits in excess of $5 million, it
sonal adjustment, the Federal Reserve than 7 million units—about 1 million did free some $850 million of reserves,
index fell \% percent from January, below the January rate and almost 1% which can be used to support a further
bringing the decrease since December million below the rate in the fourth expansion in bank credit and deposits,
quarter of 1966. Sales in the first 10
Reflecting an easier stance in moneto 2 percent.
Declines in output were more wide- days of March showed no improvement tary policy, seasonally adjusted total
reserves—the base of money and credit
spread from January to February than over the February rate.
expansion—rose $280 million. This folfrom December to January. There
lowed a $330 million rise in total rewere noticeable reductions in output of Credit easier
all of the metal-fabricating industries
The Federal Reserve System con- serves in January. Member bank borand a further cutback in nondurable tinued to loosen the strings of monetary rowing declined slightly, continuing a
goods industries. The output of iron restraint during February and, as the 5-month downward trend. Free reand steel leveled off after a 6-month month closed, took steps in the direc- serves, the difference between member
decline.
tion of a further easing in credit policy. bank borrowing and excess reserves,
February production of new cars was Through open-market operations, the also showed little change from January
about 15 percent below January, after System increased its holdings of U.S. and remained just short of turning
positive.
Time deposits at all commercial
CHART 2 banks surged $2.7 billion in'February to
exceed January's record increase of $2.5
Corporate Profits After Tax Related to
billion. This helped support a $1.7
Corporate Gross Product— Nonfinancial Corporations
billion seasonally adjusted increase in
bank credit. Some softening appeared
45
in loan demand as seasonally adjusted
business loans at large commercial
banks showed little net change and total
66-1
40
loans at all commercial banks declined
$0.6 billion. Investments were up as
commercial banks added $1.1 billion to
35
their holdings of U.S. Government securities and $1.2 billion to their holdings
of "other securities."
30
Financing costs, after declining in
January
rose again in February. HowI
ever,
toward
the month's end, the rise
&2 25
in most rates tapered off and fell
sharply during the first half of March.
This recent easing in rates has occurred
20
despite the heaviest March bond calendar on record.
15
Fourth quarter corporate profits
10
175
Corporate profits, as measured for
national income purposes, were at a
record seasonally adjusted annual rate
of almost $82 billion in the fourth
quarter of 1966, up $2% billion from the
200
I
225
I
250
275
I
300
325
350
375
400
425
Corporate Gross Product —Billion $
Note.-Data are seasonally adjusted at annual rates and exclude profits originating in the rest of the world.
U.S. Department of Commerce, Office of Business Economics
67 3 2
~-
(Continued on page 7)
SUKVEY OF CURRENT BUSINESS
March 1967
NATIONAL INCOME AND PRODUCT TABLES
1965
1964
1965
1966
IV
III
1965
1966
I
II
III
IV
1964
1965
1966
1966
IV
III
Seasonally adjusted at annual rates
I
II
III
IV
Seasonally adjusted at annual rates
Billions of 1958 dollars
Billions of current dollars
Table 1. — Gross National Product in Current and Constant Dollars (1.1, 1.2)
Gross national product
Personal consumption expenditures
Durable goods
Nondurable goods
Services
._
.
631.7
681.2
739.6
686.5
704.4
721.2
732.3
745.3
759.3
580.0
614.4
647.8
618.2
631.2
640.5
643.5
649.9
657.2
401.4
431.5
464.9
435.0
445.2
455.6
460.1
469.9
474.1
373.8
396.2
415.5
398.9
406.5
412.8
412.2
418.3
418.5
59.4
178.9
163.1
66.1
190.6
174.8
69.3
206.2
189.4
66.7
191.4
176.9
68.0
197.0
180.2
70.3
201.9
183.4
67.1
205.6
187.4
70.2
208.1
191.5
69.6
209.2
195.3
59.1
170.5
144.2
66.4
178.2
151.6
70.7
186.0
158.7
67.2
178.5
153.1
69.2
182.5
154.8
72.2
184.1
156.5
68.5
185.8
157.9
71.6
187. 1
159.6
70.6
187.1
160.8
93.0
106.6
117.0
106.7
111.9
114.5
118.5
115.0
120.0
86.5
97.8
104.7
97.9
102.2
103.5
106.3
102.5
106.4
88.3
60.7
21.0
39,7
27.6
27.0
.6
4.7
5.3
-.6
97.5
69.7
24.9
44.8
27.8
27.2
.6
9.1
8.1
.9
105.1
79.3
27.8
51.4
25.8
25.3
.6
11.9
12.2
-.3
98.0
70.2
24.4
45.8
27.8
27.3
.5
8.7
7.2
1.5
101.5
73.9
26.8
47.1
27.6
27.0
.5
10.4
9.0
1.4
105.6
77.0
28.5
48.5
28.6
28.0
.5
8.9
8.5
.5
106.2
78.2
27.9
50.3
28.0
27.4
.6
12.3
12.1
.2
105.1
80.3
27.7
52.6
24.8
24.3
.6
9.9
10.4
-.5
103.5
81.6
27.3
54.4
21.9
21.3
.6
16.4
17.6
-1.2
81.9
89.0
57.4 - 64.9
18.9
21.7
38.5
43.2
24.1
24.6
24.0
23.6
.5
.5
4.6
8.8
5.2
8.0
.9
-•6
93.6
72.1
23.4
48.7
21.5
21.0
.5
11.1
11.4
-.3
89.4
65.5
21.3
44.2
23.9
23.4
.5
8.5
7.1
1.4
91.9
68.4
23.2
45.2
23.5
23.0
.5
10.2
8.9
1.3
95.0
70.8
24.3
46.4
24.3
23.8
.5
8.5
8.0
.4
94.7
71.3
23.6
47.7
23.4
22.9
.5
11.6
11.4
.2
93.5
73.0
23.2
49.8
20.5
20.0
.5
9.1
9.6
-.5
91.2
73.3
22.7
50.7
17.9
17.4
.5
15.2
16.4
-1.2
8.5
37.0
28.5
7.0
39.0
32.0
4.8
42.7
37.9
7.1
40.1
33.0
6.1
40.3
34.2
6.0
41.7
35.6
4.7
41.9
37.3
4.2
43.4
39.2
4.1
43.6
39.5
8.5
36.4
28.0
6.3
37.3
31.0
4.7
41.1
36.4
6.4
38.4
31.9
6.0
38.7
32.8
5.9
40.1
34.2
4.6
40.3
35.8
4.2
41.8
37.6
4.1
42.0
37.9
Government purchases of goods and services
Federal
National defense
Other
State and local
128.9
65.2
50.0
15.2
63.7
136.2
66.8
50.1
16.7
69.4
153.0
76.9
60.0
16.9
76.2
137.7
67.5
50.7
16.8
70.2
141.2
69.8
52.5
17.3
71.4
145.0
71.9
54.6
17.4
73.1
149.0
74.0
57.1
16.9
75.0
156.2
79.0
62.0
17.0
77.2
161.1
81.7
65.5
16.2
79.4
111.3
57.8
114.1
57.8
123.2
64.0
115.0
58.3
116.6
59.3
118.3
60.4
120.4
61.9
124.9
65.5
128.3
67.6
53.4
56.3
59.1
56.7
57.3
57.9
58.5
59.4
60.7
Addendum: Implicit price deflator for seasonally
adjusted GNP, 1958=100
108.9
110.9
114.2
111.0
111.6
112.6
113.8
114.7
115.5
Gross private do mestic investment
Fixed investment
- _
Nonresidential
Structures,- .
Producers' durable equipment.. .
Residential structures
Nonfarm .
Farm
_
.
Change in business inventories
Nonfarm .
Farm
___
._.__
Net exports of goods and services. .
Exports
Imports
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
631 7
681.2
739.6
686 5
704 4
721.2
732 3
745 3
759.3
580.0
614.4
647.8
618.2
631.2
640.5
643.5
649.9
657.2
-. . .627.0
__ .__
4.7
672.1
9.1
727.7
11.9
677. 8
8.7
694.0
10.4
712.3
8.9
720.0
12.3
742.9
16.4
575.4
4.6
605.6
8.8
636.7
11.1
609.7
8.5
621.0
10.2
632.0
8.5
631.9
11.6
640.8
9.1
642.0
15.2
318 2
344 7
377 2
347 5
358 8
366 0
371 6
735.4
9.9
379 6
390 7
307 2
328 5
351 5
330 9
341.0
344 7
346 7
352 8
360.9
335 7
9.1
365.3
11.9
338 8
8.7
348 4
10.4
357 0
8.9
359 3
12.3
369 7
9.9
374 2
16.4
302 6
4.6
319 7
8.8
340.4
11.1
322 4
8.5
330.7
10.2
336.2
8.5
335 1
11.6
343.7
9. 1
345.7
15.2
Durable goods
_.
._
Final sales
Change in business inventories
125.5 138.5
122 2 132 2
33
6. 3
154.9
145.9
9.0
141.0
134 3
6 7
142.6
137 9
4 7
147.6
141 8
5.8
149 6
140 6
90
158 1
148 7
9 5
163.6
151 7
11.9
123 1
119 9
32
135.5
129 4
6.1
150.8
142.4
8.4
138 3
131 8
6 5
140.3
135 7
4.7
145.4
139 9
5.5
146 0
137 6
8.4
153.7
145 1
8.7
157.4
146.5
10.9
Nondurable goods .
Final sales
Change in business inventories
192 7 206 3
191 3 203 5
14
2 7
222.4
219 5
2.9
206 5
204 4
21
216 2
210 5
57
218 4 222 0
215 2 218 7
31
33
221 4
221 0
5
227 1
222 5
4 6
184 1
182 7
14
193 0
190 3
27
200 8
198 0
2.7
192 6
190 6
20
200 6
195 1
56
199 4
196 3
3.0
200 8
197 6
32
199 0
198 6
4
203.5
199.2
4.3
Gross national product
Final sales .
Change in business inventories.
Goods output
Final sales
Change in business. in ventories..
313 6
4.7
244 5
262 0
285 9
265 1
268 8
275 5
282 1
289 9
296 2
211 2
221 1
232 4
223 3
224 0
227 7
230 9
234 4
236 6
Structures
68 9
74 5
76 6
73 9
76 9
79 8
78 6
75 8
72 5
61 7
64 8
64 1
64 0
66 2
68 0
66 0
62 8
59.8
Addendum : Gross auto product
25 8
31 4
29 4
31 6
30 5
31 5
28 6
27 9
29 4
25 4
31 4
29 9
31 9
30 7
32 2
29 1
28 5
29.7
657.2
Services
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Gross national product.
Private
Business
Nonfarm
Farm
Households and institutions
Rest of the world
General government _ .._
631.7
681.2
739.6
686 5
704 4
721 2
732 3
745 3
759.3
580 0
614 4
631.2
640.5
643.5
649.9
613 4
663 4
618 2
633 8
648 4
657 6
667 7
679 4
530 8
563 5
647.8
593 g
618 2
568 7
567 2
579 4
588 0
589 9
595 1
601 5
547
527
20
17
4
590
567
23
18
4
8
1
8
3
3
639 5
614 7
24 8
19.5
4 4
595 3
570 6
24 7
18 7
41
611 2
586 6
24 7
19 1
34
624
599
25
19
4
634
609
25
19
4
513 3
491 2
22 0
13 6
39
545 4
521 7
23 8
14 0
41
574
552
22
14
4
548
524
24
14
4
9
6
3
2
0
561 6
537 5
24 1
14 5
33
569
546
23
14
4
571
548
22
14
4
576
554
21
14
4
2
5
7
5
4
582 8
560.1
22.8
14.6
4 0
67 8
76 2
68 3
70 6
643
619
24
19
4
77
655 3
631 0
24 3
20 0
41
79 9
49 2
50 9
51 1
51.8
54 8
55.8
4
0
4
3
0
63 0
9
3
7
1
4
72 8
0
0
0
1
5
74 7
5
1
4
7
6
g
9
3
6
4
3
54 2
4
4
0
3
3
52 5
4
4
9
2
3
53 6
SURVEY OF CURRENT BUSINESS
1965
1964
1965 1966*
III
March 1967
1966
IV
I
1[I
1965
III
IV*
1964
1965 1966*
III
1966
IV
I
II
III
IV*
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
[Billions of dollars]
Table 4.—Relation of Gross National Product, National Income,
and Personal Income (1.9)
631.7 681.2 739 6 686.5 704.4 721.2 732.3 745.3
759.3
63.7
64.6
Equals : Net national product . .575.7
.
621.6 676.5 626.3 643.6 659.7 669.6 681.6
694.7
Gross national product
Less: Capital consumption
allowances
Less: Indirect business tax
and nontax liability
Business transfer payments
Statistical discrepancy
Plus: Subsidies less current
surplus of government
enterprises
Equals : National income
56.0
Equals: Personal income. -
63 1
60.2
60.8
61.6
62 7
62.7
65.5
62.7
63.6
63.0
64.7
66.3
68.1
2.5
2.6
-1.4 -1.6
2.6
—.2
2.5
-.8
2.6
.4
2.6
-.8
2.6
—.9
2.6
.4
2.6
-.6
1.4
.9
.9
.8
.9
1.5
2.2
517.3 559.0 610.1 562.7 577.8 595.7 604.1 613.8
626.9
58.5
1.3
Less: Corporate profits and
inventory valuation
adjustment_ 66.6
Contributions for social
insurance
28.0
Wage accruals less disbursements
._
.0
Plus: Government transfer
payments to persons
Interest paid by government (net) and by
consumers
Dividends .
Business transfer payments
59.6
34.2
19.1
17.3
2.5
1.0
74.2
80.2
74.0
76.9
80.0
79.9
79.1
81.9
29.2
37.8
29.2
29.8
36.5
37.0
38.5
39.3
.0
.0
.0
.0
.0
.0
.0
.0
37.1
20.6
19.2
2.6
41.9
22.8
20.9
2.6
39.4
20.9
19.5
2.5
37.9
21.0
20.2
2.6
40.0
21.9
20.9
2.6
40.1
22.5
21.1
2.6
42.3
23.0
21.1
2.6
496.0 535.1 580.4 541.9 552.8 564.6 573.5 585.2
45.3
23.8
20.7
2.6
598.3
Gross corporate product. _. 360.9 391.2 425.9 393.1 403.9 415.2 422.0 428.1
438.3
33 9
36 3
38 8
36 8
37.2
37.7
38.5
39.1
39.7
34 8
37 4
38 9
37 3
37 9
37.3
38 5
39.4
40.5
Income originating in corporate
business
292 3 317 5 348 2 319 0 328 8 340 1 345.0 349.7
358.1
Compensation of employ ees. _ 231.4 249.0 273.8 250.5 256.8 265.9 271.1 276.5
Wages and salaries
208.5 224 1 244 1 225 4 231.2 237.2 241.8 246.4
Supplements
_
22.9 24.8 29 7 25.1 25.7 28.7 29.3 30.0
Net interest
—2 7 —2 5 —2 5 —2 4 —2 4 —2 4 -2.5 -2.5
281.8
251.0
30.7
-2.5
Corporate profits and inventory valuation adjustment
Profits before tax
._
Profits tax liability
Profits after tax
Dividends.
Undistributed profits. _.
Inventory valuation adjustment
75.7
78.5
33.7
44.7
19.5
25.2
78.9
78.9
33.8
45.2
19.2
26.0
— 4 —1 5 — 2 1 — 1 0 — 1 8 —2 8 —2 9 -2.8
.0
63.6
64.0
28.4
35 6
16.0
19.6
Gross product originating
in financial institutions.. 15.6
71 0
72.5
31 2
41 3
17.7
23.6
16.5
76.9
79.0
33.9
45 1
19 4
25.7
18.2
70.9
71.9
30.9
41 0
18.1
22.9
16.6
74.4
76.2
32 4
43 7
19.0
24.7
17.2
76.7
79.5
34.1
45 4
19.4
26.0
17.5
76.4
79.3
34.1
45.2
19.5
25.7
18.0
18.3
Gross product originating
in nonfinancial corporations
345 3 374 6 407.8 376 5 386 7 397.7 404.0 409. 8
Capital consumption allowances
__ _ _
Indirect business taxes plus
transfer payments less subsidies. _ _ _
Income originating in nonfinancial corporations
Compensation of employees _.
Wages and salaries
Supplements
Net interest
Corporate profits and inventory valuation adjustment
Profits before tax _
Profits tax liability
Profits after tax
Dividends..
Undistributed profits...
Inventory valuation adjustment
Addenda:
Cash flow, gross of dividends:
All corporations
Nonfinancial corporations
Cash flow, net of dividends:
All corporations
Nonfinancial corporations
18.9
419.5
32.9
35 3
37 8
35 8
36 3
36.8
37 5
38.1
38.7
33 3
35 8
37 3
35.8
36 3
35.7
36.9
37.7
38.8
279.0 303.5 332.7 304.9 314.1 325.2 329.7 334. 0
218.7 235.5 259.3 236.9 243.0 251.6 256.6 261.8
197.3 212.3 231 5 213.5 219 0 224.8 229.1 233.7
21 4 23 2 27 8 23 4 24 0 26 8 27 4 28.1
6.6
6.5
52
6 3 63
59
6 5 6 0
342.0
267.0
238.2
28.8
6.7
65.6
68.3
29.5
38.8
17.9
20.9
68.3
68.4
29.4
39.0
17.5
21.5
55 2
55.6
24.3
31.3
14.6
16.8
62 1
63.6
27.5
36 1
16.2
19.9
66.9
69.1
29.8
39.3
17 8
21.5
61 9
62 9
27.2
35 8
16.6
19.2
64 9
66.7
28.5
38.2
17.5
20.7
67.3
70.1
30.2
39.9
17.7
22.2
-.4 -1.5 -2.1 -1.0 -1.8 -2.8
66.6
69.5
30.0
39.5
18.0
21.5
Table 6.—National Income by Type of Income (1.10)
National income
517.3 559.0 610.1 562.7 577.8 595.7 604 1 613 8
626 9
Compensation of employees
365.7 392.9 433.3 395.6 406.5 419.6 427.9 438.3
447.5
333.6 358.4 392.3 360.8 370.8 380.0 387 4 396 7
405 0
269.3 289.1 314 8 291.1 298.5 305.9 311 5 318 0
11.7 12 1 14 6 12.0 13 0 13 6 14 1 15 0
52.6 57.1 62.8 57.7 59.3 60.4 61.8 63 7
323 9
15 8
65 2
Wages and salaries
Private
_
Military
Government civilian
Supplements to wages and
salaries
Employer contributions for
social insurance
Other labor income .
Employer contributions
to private pension and
welfare funds .
Other
Proprietors' income
-2.9 -2.8
.0
69 5
64.3
77 6
71.4
83 9
77.0
77 8
71.6
80 9
74.4
83.1
76.7
83.7
76.9
83 8
76.9
84 9
77.7
53 5
49.7
59 9
55.2
64 5
59.3
59 7
55.0
61 9
57.0
63 7
58.9
64.2
59.0
64 3
59.0
65 7
60.2
32.0
34.5
41 0
34.8
35 7
39 6
40.5
41 5
42 5
15.4
16.0
20.2
16.0
16.3
19.6
19.9
20 4
20 8
16.6
18.5
20 8
18.8
19.4
20.0
20.6
21 1
21 7
13.7
3.0
15.4
3.1
51.9
55.7
57.8
56.7
57.1
58.4
57.9
57 3
57 5
Business and professional
39.9
Income of unincorporated
enterprises
__. 39.9
Inventory valuation adjustment
- _ _ __ _
.0
40.7
41.8
40.7
41.1
41.4
41.6
41.9
42.3
41.0
42.2
-.4
— .4
Farm
12.0
15.1
16 0
16.0
16.0
17.0
16.3
15 4
15 2
17.7
18.3
18 9
18.4
18.5
18.7
18.8
18 9
19 1
Rental income of persons
Corporate profits and inventory
valuation adjustment
Table 5.—Gross Corporate ProductJ (1.14)
Capital consumption allowances
_Indirect business taxes plus
transfer payments less subsidies
[Billions of dollars]
Profits before tax
Profits tax liability
Profits after tax
Dividends ._ __
Undistributed profits
Inventory valuation adjustment-Net interest
66.6
74.2
80.2
74.0
76.9
80.0
79.9
79.1
81.9
67.0
75.7
82.3
75.0
78.7
82.7
82.8
81 9
81.9
28.4
38.7
17.3
21.3
31.2
44.5
19.2
25.3
33.9
48.4
20.9
27.5
30.9
44.1
19.5
24.6
32.4
46.3
20.2
26.1
34.1
48.7
20.9
27.8
34.1
48 7
21.1
27.6
33 7
48 2
21 1
27.1
33.8
48.2
20.7
27.5
-.4 -1.5 -2.1 -1.0 -1.8 -2.8 —2 9 -2.8
15.5
17.8
20.0
18.1
18.7
19.1
19.6
20.2
.0
21.0
Table 7.—National Income by Industry Division (1.11)
All industries, total
517.3 559.0 610.1 562.7 577.8 595.7 604.1 613.8
Agriculture, forestry, and
fisheries
Mining and construction
Manufacturing
Nondurable goods
Durable goods
17.7 21.0 22 2 21.9 22.1 23.2 22.6 21.6
32.4 34.8 37.7 34.6 35.9 37.1 37.5 37.9
155.1 170.4 188.5 170.8 176.5 184.4 186.7 188.6
61.5 65.6 71 4 65.6 67.5 69.8 71.0 71 5
93.6 104.8 117.1 105.2 108.9 114.7 115.7 117. 1
Transportation
Communi cation
Electric, gas, and sanitary
services
_.
Wholesale and retail trade
Finance, insurance, and real
estate
Services
Government and government
enterprises
Rest of the world
21.4
10.5
22.9
11.2
24.8
12.2
23.1
11.2
23.7
11.6
24.1
11.7
24.7
12.1
24.7
12.5
11.1
79.1
11.6
83.6
12.4
89.2
11.7
83.9
11.9
85.9
11.9
88.0
12.2
88.4
12.7
89.6
57.1
58.9
61.0
63.0
65.5
68 8
61.5
64.1
62.9
65.3
63.7
66.4
65.0
67.6
66.0
69 8
70.0
4.0
75.2
4.3
84.4
4.4
75.7
4.1
78.5
3.4
80.7
4.4
82.7
4.5
85.8
4.6
626.9
Table 8.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6.12)
All industries, total
. _
Financial institutions
Mutual
Stock
Nonfinancial corporations
M anu f acturing
Nondurable goods
Durable goods
Transportation, communication, and public utilities
All other industries
66.6
74.2
8.4
8.9
1.7
6.7
1.8
7.1
80.2
10.0
74.0
8.9
76.9
9.5
80.0
79.9
79.1
9.4
9.8
10.1
58.2
65.3
70.2
65.0
67.5
70.6
70.0
69.0
32.4
14.5
17.9
37.8
15.7
22 1
41.1
17.3
23 8
37.4
15.5
21.9
39.6
16.4
23.2
41.9
17.2
24.7
40.6
17.2
23.4
39.5
17.0
22.5
10.4
15.4
11.1
16.4
11.9
17 2
11.2
16.4
11.5
16.4
11.3
17.4
12.0
17.4
J2.2
17.2
* Fourth quarter 1966 corporate profits (and related components and totals) are preliminary and subject to revision in next month's SURVEY.
http://fraser.stlouisfed.org/
1. Excludes gross product originating in the rest of the world.
Federal Reserve Bank of St. Louis
81.9
SURVEY OF CURRENT BUSINESS
March 1967
1965
1964
1965
1966
III
IV
II
I
III
1964
IV
1965 1966*
III
IV
I
11
III
IV*
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
[Billions of dollars]
[Billions of dollars]
Table 9.—Personal Income and Its Disposition (2.1)
Table 12.—Federal Government Receipts and Expenditures (3.1, 3.2)
496.0 535.1 580.4 541.9 552.8 564.6 573.5 585.2
Personal income
1966
1965
1966
Wage and salary disbursements
333.6 358.4 392.3 360.8 370.8 380.0 387.4 396. 7
Commodity-producing
industries
134.0 144.3 158.2 144.8 148.9 153.8 157.0 159.6
M anuf acturing
107.2 115.5 127.2 116.2 119.2 123.0 126.0 128.6
Distributive industries
81.2 86.7 93.2 87.1 89.1 90.8 92.1 93.9
Service industries
._ 54.1 58.1 63.5 59.2 60.5 61.3 62.5 64.4
Government
64.3 69.2 77.4 69.7 72.3 74.1 75.9 78.8
598.3
405.0
162.3
131.2
95.8
65.8
81.0
Federal Government receipts. _. 115.1 124.9 142.5 123.8 126.9 136.0 141.0 145.3
Personal tax and nontax receipts
Corporate profits tax accruals.
Indirect business tax and nontax accruals
Contributions for social insurance
63.9
31.6
147.9
65.7
31.5
48.6
26.5
54.2
29.1
61.9
31.7
53.8
28.9
54.7
30.3
57.1
31.9
60.7
31.9
16.2
16.8
15.9
16.3
16.7
15.2
16.1
16.2
16.4
32.2
33.6
34.3
118.1 123.4 142.2 126.3 127.0 133.7 137.1 145.8
151.5
23.9
24.8
33.0
24.7
25.2
31.7
16.6
18.5
20.8
18.8
19.4
20.0
20.6
21.1
21.7
Federal Government expenditures
Proprietors' income
51.9
Business and professional... 39.9
Farm
12.0
55.7
40.7
15.1
57.8
41.8
16.0
56.7
40.7
16.0
57.1
41.1
16.0
58.4
41.4
17.0
57.9
41.6
16.3
57.3
41.9
15.4
57.5
42.3
15.2
Purchases of goods and services
Rental income of persons
Dividends .
17.7
17.3
18.3
19.2
18.9
20.9
18.4
19.5
18.5
20.2
18.7
20.9
18.8
21.1
18.9
21.1
19.1
20.7
Personal interest income
34.6
38.4
42.8
38.9
39.7
41.0
42.1
43.2
44.8
Transfer payments
Old-age and survivors
insurance benefits
State unemployment
insurance benefits
Veterans benefits
Other
36.8
39.7
44.6
42.0
40.5
42.6
42.8
44.9
48.0
16.0
18.1
21.0
20.4
18.6
19.5
19.7
21.2
23.5
2.6
5.3
12.9
2.2
5.6
13.8
1.8
6.1
15.7
2.2
5.7
13.7
2.0
5.8
14.1
2.0
5.9
15.2
1.6
6.0
15.4
1.8
6.1
15.8
1.8
6.3
16.4
Less: Personal contributions
for social insurance
12.5
13.2
17.6
13.2
13.5
16.9
17.1
18.1
18.4
Less: Personal tax and nontax
payments.
59.4
66.0
75.1
65.7
66.7
69.5
73.6
77.4
79.8
Equals: Disposable personal
income
436.6 469.1 505.3 476.2 486.1 495.1 499.9 507.8
518.4
Less : Personal outlays
412.1 443.4 478.3 447.1 457.6 468.4 473.3 483. 3
488.0
Table 13.—State and Local Government Receipts and Expenditures
(3.3, 3.4)
401.4 431.5 464.9 435.0 445.2 455.6 460.1 469.9
474.1
State and local government
receipts
Other labor income
...
Personal consumption
expenditures
Interest paid by conKlimPTS
Personal transfer payments to foreigners
Equals : Personal saving _
Addendum: Disposable personal income in constant
(1958) dollars
10.1
11.3
12.7
11.5
11.8
12.1
12.5
12.8
13.2
.6
.6
.6
.6
.6
.6
.7
.7
.6
24.5
25.7
27.0
29.0
28.5
26.7
26.6
24.5
30.4
406.5 430.8 451.6 436.8 443.9 448.4 447.9 452.2
457.6
Table 10. —Personal Consumption Expenditures by Major Type (2.3)
Personal consumption
expenditures . _
Durable goods
401.4 431.5 464.9 435.0 445.2 455.6 460.1 469.9
_ _
Automobiles and parts
Furniture and household
equipment
Other
" ""
Nondurable goods
Food and beverages
Clothing and shoes
Gasoline and oil
Other
Services
Housing.
Household operation .
Transportation
Other
._
474.1
59.4
66.1
69.3
66.7
68.0
70.3
67.1
70.2
69.6
25.8
29.8
30.0
30.2
29.9
31.4
28.5
30.1
29.8
25.1
8.5
27.1
9.1
30.1
9.3
27.3
9.2
28.8
9.3
29.6
9.3
29.2
9.3
30.7
9.4
30.7
9.2
178.9 190.6 206.2 191.4 197.0 201.9 205.6 208.1
209.2
92.8
33.6
14.1
38.4
98.4 104.8
35.9 40.3
15.1 16.1
41.1 45.0
98.7 101.6 103.3 104.8 105.5
36.0 37.5 39.4 39.7 41.1
15.3 15.7 15.8 16.1 16.1
41.4 42.3 43.3 45.0 45.4
105.4
40.8
16.6
46.4
163.1 174.8 189.4 176.9 180.2 183.4 187.4 191.5
195.3
59.2
24.3
11.8
67.8
63.2
25.6
12.8
73.3
67.7
27.2
14.0
80.5
63.6
26.0
13.0
74.2
64.7
26.3
13.4
75.8
66.0
26.5
13.5
77.5
67.1
27.1
13.9
79.4
68.2
27.6
14.2
81.5
69.5
27.7
14.5
83.5
Table 11. — Foreign Transactions in the National Income and
Product Accounts (4.1)
Receipts from foreigners
37.0
39.0
42.7
40.1
Exports of goods and ser vices. .. 37.0
39.0
42.7
40.1
Payments to foreigners
40.3
41.7
40.3
41.7
41.9
43.4
43.6
41.9
43.4
43.6
37.0
39.0
42.7
40.1
40.3
41.7
41.9
43.4
43.6
Imports of goods and ser vices. .. 28.5
32.0
37.9
33.0
34.2
35.6
37.3
39.2
39.5
Transfers to foreigners
Personal _
Government
2.8
.6
2.2
2.8
.6
2.2
2.9
.6
2.3
2.8
.6
2.2
2.5
.6
1.9
3.4
.6
2.8
2.9
.7
2.2
3.1
.7
2.4
2.6
.6
2.0
Net foreign investment
5.7
4.2
1.8
4.2
3.5
2.fi
1 8
1. 1
1 fi
65.2
66.8
76.9
67.5
69.8
71.9
74.0
79.0
81.7
50.0
15.2
50.1
16.7
60.0
16.9
50.7
16.8
52.5
17.3
54.6
17.4
57.1
16.9
62.0
17.0
65.5
16.2
Transfer paymen ts.
To persons
To foreigners (net)
29.9
27.8
2.2
32.4
30.3
2.2
36.5
34.2
2.3
34.8
32.5
2.2
32.8
30.8
1.9
35.4
32.6
2.8
34.8
32.6
2.2
36.9
34.5
2.4
39.1
37.2
2.0
Grants-in-aid to State and
local governments
National defense.. .
Other
10.4
11.2
14.5
11.1
11.6
13.0
14.6
15.3
15.0
Net interest paid
8.3
8.7
9.6
8.8
8.8
9.3
9.5
9.7
10.0
Subsidies less current surplus
of government enterprises..
4.2
4.2
4.7
4.1
4.1
4.1
4.2
4.8
5.6
-3.0
1.6
.3 -2.5
-.2
2.3
3.8
-.5
-3.6
Surplusor deficit (-),
national income and
product accounts
69.6
75.3
84.3
75.9
77.3
80.1
83.2
85.9
88.0
Personal tax and nontax
receipts
_ _ _
10 8
Corporate profits tax accruals. 1.9
11.8
2.0
13.2
2.2
11.9
2.0
12.1
2.1
12.4
2.2
12.9
2.2
13.5
2.2
14.1
2.2
Indirect business tax and
nontax accruals
Contributions for social
insurance
.. ..
42.3
45.8
49.5
46.4
47.0
47.8
48.7
50.0
51.6
4.1
4.5
4.8
4.5
4.6
4.7
4.8
4.9
5.0
Federal grants-in-aid
10.4
11.2
14.5
11.1
11.6
13.0
14.6
15.3
15.0
67 9
73 7
81.0
74.4
75.7
77.7
79.7
82.1
84.7
Purchases of goods and
63.7
services
Transfer payments to persons. 6.5
69.4
6.9
76.2
7.7
70.2
6.9
71.4
7.0
73.1
7.4
75.0
7.5
77.2
7.8
79.4
8.2
State and local government
expenditures
Net interest paid
Less: Current surplus of
government en terprises
.7
.6
.5
.5
.5
.5
.5
.5
.5
3.0
3.2
3.3
3.2
3.2
3.3
3.3
3.4
3.4
Surplus or deficit (-),
national income and
product accounts
1.7
1.6
3.2
1.5
1.6
2.4
3.5
3.8
3.3
Gross private saving. _ . _ . _ _ 101.4 109.1 115.5 112.8 113.6 113.2 113.9 112.5
122.4
Table 14.—Sources and Uses of Gross Saving (5.1)
Personal saving _
Undistributed corporate
profits
Corporate inventory valuation adjustment
Corporate capital consumption allowances
_ . ._
Noncorporate capital consumption allowances
Wage accruals less disbursements
24.5
25.7
27.0
29.0
28.5
26.7
26.6
24.5
30.4
21 3
25 3
27.5
24 6
26.1
27.8
27 6
27.1
27.5
— 4 -1.5
—2.1 — 1.0 — 1.8 —2.8 -2.9 -2.8
.0
33.9
36.3
38.8
36.8
37.2
37.7
38.5
39.1
39.7
22.2
23.3
24.4
23.4
23.6
23.8
24.2
24.5
24.9
o
.0
.0
.0
.0
.0
.0
.0
.0
~1.4
3.2
3.6 -1.0
1.4
4.7
7.3
3.3
-.3
-3.0
17
1.6
16
.3 -2.5
3.2
15
-.2
1.6
2.3
2.4
3.8
3.5
-.5
3.8
-3.6
3.3
-
_ .. 98.7 110.7 118.8 110.9 115.4 117.1 120.3 116.1
121.5
Gross private domestic
investment
Net foreign investment
93 0 106 6 117.0 106.7 111.9 114.5 118. 5 115.0
1.1
3.5 2.6
1.8
5.7
4.2
4.2
1.8
120.0
1.5
.4
-.6
Government surplus or deficit
(— ), national income and
product accounts
Federal
State and local
.
Gross investment.. .
Statistical discrepancy
-1.4
-1.6
quarter 1966 corporate profits (and related components and totals) are preliminary and subject to revision in next month's SURVEY.
Digitized for* Fourth
FRASER
-.2
-.8
.4
-.8
-.9
SUKVEY OF CUEEENT BUSINESS
6
March 1967
Sales gains to continue
Manufacturers' Inventory and Sales Expectations, First
Half of 1967
MANUFACTURERS holding 28 percent of factory stocks classified their
December 31, 1966, inventories as
"high" in relation to their sales and
unfilled orders. This evaluation was
considerably above the 15-percent ratio
CHART 3
Manufacturers1 AnticipationsFirst Half 1967
• Further additions to inventories, but below
1966 rates
* Further gains in sales
for the end of 1965 and was the highest
since mid-1960. Because of their excessive stocks, manufacturers now expect to reduce their inventory accumulation in the first half of 1967 from the
peak rates of the second half of last
year. They also anticipate that their
sales in the first half of this year will
rise about as much as they did in the
second half of 1966. These findings
are based on manufacturers' reports
submitted in February to the Office of
Business Economics in the quarterly
survey of inventory and sales expectations.
Manufacturers' sales grew less rapidly
in the second half of 1966 than they had
in the first half of 1966 or in 1965; in
January of this year, sales were unchanged from the monthly average of
the fourth quarter of 1966. According
to the survey, sales are expected to rise
less than 1 percent in the first quarter
of 1967 and about 1% percent in the
second. Durable goods producers expect sales to rise one-half of 1 percent
in the first quarter of 1967 while nondurable goods producers are projecting
a 1-percent rise. Both sectors expect
sales to rise \% percent, after seasonal
adjustment, in the second quarter.
The expected advance is smaller than
the sales increases in either half of 1966
for durable goods producers; for nondurable goods manufacturers, it is
smaller than in the first half of 1966,
but larger than in the second half.
Sales of durable goods manufacturers
were $70.4 billion in the last quarter of
1st Qtr. 1961=100^
Stock rise mostly in durables
180
Inventory additions—which totaled
$3 billion, seasonally adjusted, in each
HHHHHBHHHHBBBHBB CHART 4
of the last two quarters of 1966—are
now projected at $1% billion and $1%
Condition of Manufacturers' Inventories
billion in the first and second quarters
The proportion of manufacturing inventories judged
of this year.
"high" has risen sharply since early 1966
Durable goods producers report that
Percent of Inventories
they expect stocks to rise about $2% 30
METAL PRODUCERS
billion, seasonally adjusted, from the
end of 1966 to June 30 of this year, 20
with additions in the first 3 months to
be slightly larger than in the second
10
3-month period. The projected accumulations would be less than half the
0
actual rate of the two previous quarters
and also somewhat below those of the 40 METAL USERS
same period a year ago.
Nondurable goods producers expect 30
to add $600 million to stocks from
December 31, 1966, to March 31, 1967, 20
and $200 million from March 31 to
June 30, after seasonal adjustment. 10
Last year, which saw a heavy buildup
in soft goods, additions averaged about 0
$550 million per quarter.
20
NONDURABLE GOODS PRODUCERS
Mid-1967 inventory investment is
projected at $52% billion for durable 10
goods producers and at $28% billion for
nondurables. These compare with sea66
67
sonally adjusted 1966 yearend levels of
1961
62
63
64
65
End of Quarter
$50.0 billion and $27.9 billion for durNote.-Shaded area refers to proportion of inventories held by manufacturers
able and nondurable goods producers
who considered their stocks high.
respectively.
U.S. Department of Commerce, Office of Business Economics
67-3-4
DURABLE GOODS MANUFACTURERS I/
160
Sales
140
120
Inventories
100
80
i i I I I I I I I I t I I I I I I I I I I I I I
Ratio
2.4
Inventory-Sales Ratio
2.2
2.0
1.8
I i I I I i i I I i i I i I I I I I I I I i I I
1st Qtr. 1961 =1001/
160
NONDURABLE GOODS MANUFACTURERS I/
100
80
Ratio
1.6
1.2
Inventories
i i i I i i i I i i i I i i i I i i i I i i i I i i i
Inventory-Sales Ratio
I i i I i i i I I I I I i I I I i t I I I I i I i I i
1961
62
63
64
65
66
67
Seasonally Adjusted
o Expectations
1. Trough for Sales
2. Sales, quarterly total; Inventories, end of quarter
U.S. Department of Commerce, Office of Business Economics
67-3
SURVEY OF CURRENT BUSINESS
March 1967
The stock-sales ratio rose in 1966 for
both the hard and the soft goods
sectors and is expected to continue to
rise in the first quarter of this year.
If the anticipations are realized, the
ratio on March 31, 1967, will equal 2.2
months of sales for durable goods
1966 and are expected to reach $71.8
billion in the second quarter of 1967.
Nondurable goods producers, whose
sales totaled $64.0 billion in the closing
quarter of last year, expect sales volume
to reach $65.6 billion in the second
quarter of this year.
Table 1.—Manufacturers' Inventories and Sales: Actual and Anticipated
[Billions of dollars]
19 56
19 65
19 57
I
II
III
IV
I
II
III
IV
It
_
__
64.1
39.3
24.8
65.0
40.3
24.7
65.9
41.1
24.8
67.6
41.8
25.8
70.0
43.6
26.5
72.4
45.4
26.9
74.4
47.3
27.1
77.4.
49.4
28.0
80.1
51.6
28.5
81.4
52.8
28.6
-_
63.7
39.0
24.7
64.6
40.0
24.7
66.3
41.3
25.0
68.0
42.3
25.7
69.6
43.3
26.4
71.9
45.0
26.9
74.9
47.6
27.3
77.9
50.0
27.9
79.7
51.2
28.5
81.0
52.3
28.7
117.0
61.5
55.5
123.3
65.4
57.9
118.5
60.2
58.3
124.6
65.1
59.4
128.8
67 6
61.1
135.4
72.1
63.4
129.7
65.8
63.9
134.5
70.6
64.0
134.6
70 4
64.2
141.3
75.6
65.7
117.9
62.1
55.8
119.8
62.1
57.7
122.1
63.9
58.2
124.6
65.1
59.5
129.5
68.0
61.5
131.7
68.5
63.2
132.6
68.9
63.7
134.4
70.4
64.0
135 4
70.8
64.6
137.4
71.8
65.6
Hi
Inventories, end of quarter
Unadjusted
All manufacturing
Durables.. .
Nondurables
_
Seasonally adjusted
All manufacturing
Durables _ .
Nondurables
Sales, total for quarter
Unadjusted
All manufacturing
Durables
Nondurables
Seasonally adjusted
All manufacturing
Durables
Nondurables
1. Anticipations reported by manufacturers in February 1967. 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.
Table 2.—Manufacturers' Evaluation of the Condition of Their Inventories 1
producers and 1.3 for nondurable goods
producers. A further small rise is
looked for by durable goods manufacturers, but for nondurables, the ratio
is expected to drop slightly at midyear.
Condition of stocks, end of 1966
The proportion of stocks judged
"high" rose considerably after the first
quarter of 1966 and accelerated in the
final quarter of the year.
Among durable goods producers, the
"high" proportion rose progressively,
from 18 percent in March to 27 percent
in September and to 33 percent in
December 1966. The "about right"
category, although still substantial,
dropped from 79 to 65 percent in this
period. The "low" classification continued small at 2 percent.
For nondurable goods producers, the
percent "high" rose from 8 percent at
the end of 1965 to 10 percent in March,
13 in June, 14 in September, and 18
in December 1966. During this period,
the "about right" group fell from 88
percent to 79 percent. The "low"
proportion, 4 percent at the end of
1965, was 3 percent last September and
December.
The "high" ratios at year end for
both durables and nondurables were the
largest since the second quarter of
1960.
(Continued from page 2)
[Percentage distribution]
Total
High
About
right
Durables
Low
High
About
right
Nondurables
Low
High
About
right
Low
March 31, 1961
June 30 1961
September 30, 1961. _ . _ _
December 31 1961
18
14
10
10
81
85
88
88
1
1
2
2
20
15
11
10
84
87
88
1
1
2
2
16
13
9
9
83
85
88
89
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
_
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
_ _ _ _
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
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
15
18
22
28
81
78
75
70
4
4
3
2
18
21
27
33
79
75
70
65
3
4
3
2
10
13
14
18
85
83
83
79
5
4
3
3
_.
March 31, 1963
June 30, 1963
September 30, 1963
December 31, 1963
March 31, 1964__-_
June 30, 1964
September 30, 1964
December 31, 1964
March 31, 1965
June30, 1965
September 30, 1965
December 31, 1965
-
March 31, 1966
June 30, 1966
September 30, 1966
December 31, 1966
_ ^ _ _ _
_
79
1
1. Condition of actual inventories relative to sales and unfilled orders position as viewed by reporting companies. Percent
distribution of inventory book values according to companies' classifications of their inventory condition.
Source: U.S. Department of Commerce, Office of Business Economics.
third quarter, according to preliminary
data. Large gains were recorded for
both durable and nondurable manufacturers and for financial institutions.
The fourth quarter increase, which followed a slowdown in the two previous
quarters, brought profits for the year
as a whole to $80^ billion, 8 percent or
$6 billion above the 1965 total.
Fourth quarter book profits (which
include gains or losses due to the
difference between the replacement cost
of goods taken out of inventory and
their recorded acquisition cost) were
unchanged from the previous quarter,
because the large inventory valuation
gains present in the third quarter disappeared in the fourth. After-tax profits changed little, and with dividend
payments about $% billion below the
third quarter rate, retained earnings
rose by a like amount.
by GENEVIEVE B. WIMSATT
Business Investment and Sales Expectations for 1967
BUSINESSMEN have budgeted new panded programs. Although the maplant and equipment outlays of $63.0 jority of industries are programing
billion in 1967,1 4 percent above the increases in expenditures for new plant
record amount spent in 1966, according and equipment in 1967, each expects
to the survey conducted in late Janu- a smaller year-to-year expansion in
ary and February by the Department investment than it experienced in 1966.
of Commerce and the Securities and Reductions are now planned by the
Exchange Commission. In 1966, actual railroads and by some manufacturing
outlays totaled $60.6 billion—16% and commercial industries. Current
percent over 1965 and the sharpest programs of the railroads call for
year-to-year advance in the extended cutbacks of one-fourth from 1966 expenditures; more moderate reductions
investment rise that began in 1961.
The sales expectations reported along in 1967 spending are planned by manuwith the investment anticipations indi- facturers of transportation equipment,
cate that businessmen are generally textile, stone, clay, and glass products.
looking forward to a good sales year in
The pattern of anticipated expendi1967.
Manufacturers anticipate a 7% tures during 1967 indicates a slight
percent sales increase over 1966, and dip in investment outlays in the first
trade firms and public utilities each half and a moderate rise in the second.
expect a rise of 6 percent.
Capital expenditures in the first quarter
Investment anticipations for 1967 are expected to be at a seasonally
show a somewhat greater diversity adjusted annual rate of $62.6 billion,
than they did a year ago when all down $200 million from the actual
industry groups were scheduling ex- fourth quarter rate. Spending is scheduled to ease to $62.2 billion in the
Table. 1—Business Sales, Actual and
second quarter and then to rise to an
Anticipated, 1965-67
annual rate of $63.6 billion in the
[Percent change]
second half. The anticipated decline
1965-66
1966-67
in outlays in the first half is attributable mainly to the programs of
Antici- Actual Anticipated
pated
durable goods manufacturers, railroads,
and commercial firms, while the imManufacturing industries l
7.9
9.3
7.5
provement in the last 6 months extends
Durable goods l _ _ .
,_
8.3
8.5
9.4
to all major groups except nondurable
Primary metals
3.2
8.9
2.0
Electrical machinery
13.6
11.2
18.6
goods
producers and public utilities.
Machinery, except electrical. _
10.4
11.4
10.2
Transportation equipment . . _ 7.1
7.7
8.0
Actual
investment in the fourth
6.4
Stone, clay, and glass
4.4
1.5
quarter
of
1966
was slightly higher than
Nondurable goods *
7.2
9.2
6.7
Food and beverage.
6.2
5.8
8.8
businessmen
had
anticipated in the
Textile
2.4
5.6
8.2
Paper.
Chemical
Petroleum
Rubber
6.9
9.9
5.3
3.4
12.3
7.3
7.0
9.4
9.2
9.4
3.8
9.3
Trade
Wholesale
Retail.
7.6
6.3
8.3
7.7
8.9
6.9
6.0
2.7
8.2
Public utilities
4.8
6.2
5.8
1. Includes industries not shown separately.
8
1. The reported figures for anticipations are adjusted for
systematic biases (footnote 2, table 6). Before adjustment,
expenditures for 1967 were anticipated to be $61.29 billion
for all industries, $27.54 billion for manufacturing, and $33.75
billion for nonmanufacturing. The adjustments were applied separately to each major industry; their net effect, was
to raise the manufacturing total by $0.40 billion and nonmanufacturing by $1.31 billion.
survey conducted last November, but
outlays planned for the first and second
quarters of 1967 have been revised
downward from earlier anticipations by
about 1% and 3 percent respectively.
Slowing of investment demand
The small advance in outlays posted
for 1967 reflects the fact that the investment climate has changed considerably
over the past year. In late 1965 and
early 1966, the rate of growth in overall
activity accelerated sharply, and the
utilization rate rose despite the large
additions to capacity.
This situation changed rapidly as
1966
progressed. Unusually tight
money and developing weaknesses in
Table 2.—Annual Percent Changes in Plant
and Equipment Expenditures, 1962-67
Actual
Anticipated
1962-63 1963-64 1964-65 1965-66 1966-67
5.1
14.5
15.7
16.7
3.9
6.9
18.4
20.8
20.2
3.5
11.7
Durable goods '
Primary metals _ _ 17.4
Machinery
-0.5
Transportation
22.5
equipment
Stone, clay and
5.4
glass
20.0
31.1
19.2
20.9
20.0
32.6
22.7
14.0
32.3
4.6
8.6
22.8
25.0
27.8
18.3
r9.0
10.7
14.9
16.6
-5.1
2.4
16.9
20.7
17.6
2.3
-1.6
4.9
0.4
3.0
1.6
1.7
9.5
17.2
30.0
22.4
15.0
14.7
16.5
29.8
20.0
31.7
13.7
24.5
12.1
15.2
34.1
15.3
15.8
24.7
7.3
-11.6
2.8
1.9
3.7
21.7
All industries '
Manufacturing
l
Nondurable
goods l -.
Food and beverage
Textile
Paper _ _
Chemical _
Petroleum _
Rubber
8.0
Mining
-3.3
14.0
9.3
12.9
Railroad
29.8
27.5
23.1
14.2
-25.3
14.7
Transportation other
than rail
-7.3
24.0
18.4
22.3
Public utilities
3.0
10.1
11.7
21.1
Communications
4.5
13.4
15.0
13.6
Commercial and
other
5.3
8.0
8.8
8.1
8.8
3.0
1
Includes industries not shown separately.
Sources: U.S. Department of Commerce, Office of Business
Economics, and Securities and Exchange Commission.
March 1967
several markets, particularly housing,
autos, and other consumer durables,
slowed the rise in business activity.
The capacity utilization rate in manufacturing leveled off in the spring and
summer months and then fell slightly
in late 1966 and early 1967. The
recent decline in the utilization rate
has reflected both further additions of
capacity and reduced industrial output.
As can be seen in table 6, a smaller
proportion of manufacturers now than
in September consider their current
capacity inadequate for near-term
operations.
Faced with lessening requirements
for productive facilities and growing uncertainty about the near-term course of
sales and profits, business slowed its
investment expansion in the second
half of 1966. For 1967, firms have now
programed outlays that do not vary
appreciably from those in the final
quarter of 1966.
Restoration of the investment tax
credit
It should be noted that the anticipations reported in this article are based
on a survey conducted between 2 and 6
weeks before the President's request on
March 9 for restoration of the investment tax credit and the accelerated
depreciation procedures on buildings.
Although some firms may have expected—and allowed for—the earlierthan-scheduled lifting of the suspension
in reporting their investment anticipations, it is reasonable to believe that
most firms did not make such
allowances.
It is impossible to measure the impact
of the proposed restoration of the
investment incentives on 1967 capital
budgets. A special report in the February SURVEY indicated that businessmen would reduce their 1967 investment programs by $2.3 billion because
of the suspensions. There are several
reasons why this amount should not be
added back to the 1967 capital budgets
reported in this article. First, there
is a timing problem. The suspension
was in effect for 5 months (assuming
that Congress adopts the President's
request as to the effective date of the
restoration), and the new investment
SUKVEY OF CURRENT BUSINESS
canceled or postponed during this period
because of the suspensions cannot be
fully made up within 1967. On the
average, the leadtime between new
investment decisions and expenditures
entails a timespan of several quarters.
Second, there has been accumulating
evidence of a deterioration in the
demand situation and a declining rate
of capacity utilization since businessmen made the $2.3 billion estimate
early last December. Even if the
economic situation had not changed,
it would still be extremely difficult to
separate the impact of a single factor,
such as the tax credit, from the many
complex factors that affect investment.
9
Realisation of 1966 programs
The 16^ percent rise in new plant and
equipment expenditures that took place
last year was the largest of the current
investment expansion, which began in
1961, although it was smaller than the
22 percent rise in 1956. The advance
extended to virtually all major industries, with sizable year-to-year gains
common.
The expansion in investment actually
achieved last year was only slightly
larger than the projection made by
businessmen in the annual survey conducted a year ago. In early 1966,
businessmen expected their expenditures for new plant and equipment
for the year to be 16 percent higher
CHART 5
New Plant and Equipment Expenditures
Billion $
Ratio Scale
Billion $
40
4.0
DURABLE GOODS MANUFACTURING
NONMANUFACTURING
3.0
30
Primary Metals
2.0
20
Commercial and Communication
1.0
10
s.-'
x^'x^x
A
Electrical Machinery
.5
4.0
5.0
-NONDURABLE GOODS MANUFACTURING
4.0
3.0 -
Transportation, excl. Railroad
2.0 -
Food & Beverage
/v v
\ /v
V^'
3.0
/
,v
A
M
2.0
\
A\
/r
/
i.o -
Railroad
1.0
.V y(
\ /
I
1960
61
62
63
64
65
66
67
1960
61
62
63
64
65
66
.5
67
Quarterly Totals, Seasonally Adjusted at Annual Rates
o Anticipated
U.S. Department of Commerce, Office of Business Economics
Data: OBE-SEC
67-3-5
10
SUKVEY OF CURRENT BUSINESS
tries, and in some cases reductions are
being planned. Cutbacks in investment
for 1967 are scheduled by transporta1966
1966-67
1967
tion equipment, stone, clay, and glass,
and textile manufacturers. Outlays for
Antici- Actual Anticipated Percent
pated
new plant and equipment by automobile
change
producers were 1 percent smaller in 1966
(Billions of dollars)
than in 1965 and are expected to decline
Total
3.7
4.41
4.42
4.59
12 percent in 1967. A generally deProduction
2.11
1.95
2.04
-3.3
clining
trend is projected throughout
Transportation
.18
.16
.24
35.0
Refining and petrothe
year.
Producers of nonautomotive
1.03
chemicals
4.6
1.19
1.07
Marketing..
.82
.74
.88
18.6
transportation
equipment are planning
Other
.37
.29
.36
-3.8
to shave capital spending this year by
Sources: U.S. Department of Commerce, Office of Busi- 3 percent after having almost doubled
ness Economics, and Securities and Exchange Commission.
expenditures last year. Stone, clay, and
than in 1965. The successive quarterly glass producers are reducing spending
surveys during the year resulted in this year by 5 percent from 1966, relittle change from the original expecta- flecting some overcapacity in such
tions for the year as a whole. Among products as cement and, more generally,
manufacturers, durable goods producers the weak housing market. Textile
spent more in 1966 than anticipated manufacturers expect expenditures for
while nondurable goods producers spent new plant and equipment in 1967 to be
less. An exception to the general 12 percent lower than in 1966. Outlays
trend in durables was the motor vehicle dropped very sharply in the final 3
industry, which spent considerably less months of 1966 but are now anticipated
in 1966 than had been planned at the to hold near this rate throughout this
beginning of the year. Public utilities, year.
Petroleum, chemical, paper, food, and
communication, railroads, and nonrail
primary
metal companies are programtransportation companies adjusted their
ing
moderate
increases in outlays from
capital spending programs upward as
1966
to
1967—ranging
from 2 to 9
the year progressed, but commercial
and mining firms scaled down their percent. In recent years, investment
expenditures in these industries have
outlays.
The closeness of actual expenditures risen as much as one-third in a single
in 1966 to the projections made at the year. Within 1967, primary metal and
beginning of the year contrasts with chemical companies expect to raise out1964 and 1965, when projections were lays from the first to second half, while
petroleum and food companies are pro4 percent too low.
graming steady rates of outlays during
the year. Expenditures of paper proManufacturing Investment
ducers are expected to decline within
The sustained rise in manufacturing 1967.
investment is expected to slow con- Electrical and nonelectrical machinery
siderably in 1967. After three suc- and rubber products companies are
cessive yearly increases of about 20 continuing substantial programs of
percent, capital expenditures by manu- investment expansion, with spending in
facturers are expected to rise only 4 1967 expected to be 23 percent higher
percent from 1966 to 1967. In the than in 1966. Stimulated by the
nondurable goods sector, outlays for continued rise in demand for capital
new plant and equipment in 1967 are goods as well as for military equipment,
projected at $13.3 billion, or 2 percent
orders for machinery and equipment
over 1966. In durables, the anticipated
rise this year is 4% percent to a total of exceeded shipments throughout 1966.
$14.6 billion. The actual increases Both machinery industries are expecting
from 1965 to 1966 were 18 percent and sales increases of more than 10 percent
in 1967. Rubber products companies
23 percent respectively.
The slowing in investment growth is are programing rising investment
general throughout the major indus- throughout 1967; for the year as a
Table 3.—Petroleum Industry Plant and
Equipment Expenditures, by Function,
1966 and Anticipated 1967
March 1967
whole they expect a 22-percent increase
in investment.
When the 1967 investment projections in manufacturing are viewed according to size of company, it appears
that companies with assets over $50
million are scheduling substantial increases over 1966, while small and
medium-sized firms are programing
smaller investments this year.
Carryover and starts
Although capital expenditures have
risen sharply during the past 3 years,
expenditures have fallen short of the
initiation of new projects. As a result,
the carryover of new projects has been
steadily posting new records. The
current survey, however, indicates that
the rate of rise slowed during 1966 as
expenditures began to catch up with
starts.
At the end of 1966, manufacturers'
backlogs of expenditures yet to be made
on projects underway totaled $18.8
billion, 11 percent more than at the
beginning of the year. In 1965, the
CHART 6
Manufacturers' Investment Projects:
Starts, Expenditures, and Carryover
20 -
1963
1964
1965
1966
Carryover of Uncompleted Projects
20
1962
1963
1964
1965
1966
December 31
Data: OBE-SEC
U.S. Department of Commerce, Office of Business Economics
67-3-6
SURVEY OF CURRENT BUSINESS
March 1967
corresponding rise was 34 percent, and
in 1964, 39 percent.
Investment projects initiated by
manufacturers during 1966 totaled $28.9
billion, up 8 percent from 1965 or much
less than the relative increase in
expenditures. All of the rise was
accounted for by durable goods industries; in nondurables, starts were
unchanged from 1965 even though
expenditures advanced 18 percent.
Starts rose in each quarter of 1966
and showed a particularly strong advance in the fourth quarter. However,
almost three-fourths of the fourth
quarter rise was accounted for by the
primary metals industry.
Manufacturers9
pacity
Nonmamifacturing Programs
than $9 billion in 1967, 9 percent over
1966. Electric utilities are contemplating a rise of 15 percent while gas
and other utility companies are now
planning to reduce capital budgets onetenth from 1966. Last year, each
group increased its investment by onefifth from 1965.
Through the first half of 1967, both
electric and gas utility companies are
scheduling a continuation of the gradual
uptrend in 1966 investment that occurred in 1966. Outlays are expected
Investment by the nonmanufacturing
sector is expected to total $35.1 billion
in 1967, about 4 percent higher than in
1966. This compares with increases of
12 percent to 14 percent in the previous
3 years. Within 1967, outlays are expected to rise from the first to second
half.
Expansion by electric utilities
The public utilities as a group expect
their capital outlays to increase to more
Table 4.—Carryover of Plant and Equipment Projects, Manufacturing and Public Utilities l
[Billions of dollars]
evaluation of ca-
Pressures on manufacturing capacity
eased somewhat during the fourth
quarter according to evaluations made
by manufacturing firms themselves.
Responding to the question "Taking
into account your current and prospective sales for 1967, how would you
characterize your December 31, 1966,
plant and equipment facilities?" manufacturers indicated a decline from
September 30 to December 31, 1966,
in the category "more plant and
equipment." There were slight increases in the proportions classified as
"about adequate" and "exceeds needs."
Companies owning 47 percent of total
fixed assets in manufacturing reported
that their facilities as of December 31,
1966, were inadequate for near-term
needs. The proportion in this category
reached a high of 51 percent at the end
of March and slipped to 50 percent on
both June 30 and September 30. The
decline from September to December
was larger in nondurable goods than
in durables.
The proportion of assets held by firms
reporting facilities in excess of prospective needs was only 5 percent—1 percentage, point above September 30.
Facilities regarded as "adequate" represented 48 percent of manufacturingassets at the end of 1966, up 2 percentage points from the end of September.
11
March June
1966
19 65
1964
Sept.
Dec.
March June
Sept.
Dec.
March June
Sept.
Dec.
10.38
11.26
11.88
12.63
14.73
15.99
16.23
16.90
18.19
18.33
18.48
18.81
Durable goods Primary metals.- _.
Electrical machinery
Machinery except electrical.
Transportation equipment. _
Stone, clay and glass
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
8.89
3.34
.60
.77
2.85
.53
8.82
3.38
.63
.80
2.73
.53
9.25
3.52
.66
.78
2.91
.50
10.25
3.68
.89
1.31
2.88
.45
10.52
3.82
.92
1.12
3.06
.48
10.69
3.86
.94
1.00
3.18
.43
11.43
4.48
.97
1.02
3.12
.42
Nondurable goods Food and beverage _
Textile
Paper
Chemical. __
Petroleum
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
7.94
.78
.60
1.04
2.01
2.93
7.81
.77
.56
.94
2.15
2.80
7.79
.70
.52
1.00
2.35
2.59
7.38
.69
.52
.81
2.27
2.48
6.62
6.53
6.09
5.65
7.64
7.67
7.24
8.03
9.82
10.01
9.92
10.30
Manufacturing
_.
Public utilities
1. Carryover refers to expenditures yet to be incurred on plant and equipment projects already underway.
2. Includes industries not shown separately.
Sources: U.S. Department of Commerce, Office of Business Economics, and Securities and Exchange Commission.
Table 5.—Starts of New Plant and Equipment Projects, Manufacturing and Public Utilities 1
[Billions of dollars]
Annual
1964
1964
1965
1966
22.13
26.73
Durable goods 2
10.99
Primary metals .. 2.68
Electrical
machinery
.76
Machinery
except electrical...
1.76
Transportation
equipment
2.66
Stone, clay and
.79
glass
14.03
3.38
Manufacturing _
Nondurable
goods 2
Food and
beverage
Textile
Paper
Chemical.
Petroleum
Public utilities
1966
1965
IV
I
II
III
IV
5.96
7.39
6.89
6.93
6.99
8.09
2.84
.70
3.90
.99
3.87
.76
3.78
.91
3.71
.80
4.81
1.51
.24
.31
.46
.32
.32
.41
.43
.58
.72
1.14
.49
.56
.90
.81
1.21
.56
.86
.59
.96
.92
.76
28
21
20
. 18
. 14
.25
.18
.26
I
II
28.89
5.10
5.41
5.29
6.33
6.64
6.73
16.17
3.98
2.48
.50
2.65
.77
2.63
.58
3.24
.84
3.62
.80
3.68
.89
1.10
1.50
.16
.20
.20
.20
.25
.29
2.55
3.10
.55
.36
.34
.52
.83
3.44
3.22
.49
.63
.77
.78
.87
.83
19
22
18
20
11.14
12.70
12.72
1.19
.84
1.11
2.52
4.29
1.49
1.23
1.34
2.90
4.30
6.41
9.32
III
IV
I
II
III
2 61
2 76
2 68
3 10
3 02
3 06
3 13
3 49
3.02
3.15
3.28
3.27
1.29
.26
1 11
20
1.33
19
3.37
.59
4 01 1 10
.24
19
40
.60
1 03
.27
19
23
.72
97
.42
26
29
61
1 18
.32
28
34
71
98
.35
32
34
.76
1 03
.47
31
.31
.67
1 05
.36
.33
.35
.76
1 24
.30
.33
.35
.73
97
.36
.28
.27
.90
95
.27
.24
.45
.94
.92
.36
.25
.26
.81
1.18
2.34
1.48
1.27
1 75 1 44
2.83
3.38
2.28
2.28
2.74
10.68
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.
Sources: U.S. Department of Commerce, Office of Business Economics, and Securities and Exchange Commission.
12
SUEVEY OF CURRENT BUSINESS
March 19S7
and equipment very substantially in
1967; all other carriers—particularly
railroads—are cutting back 1967 outlays from 1966 totals. The anticipated
rise of one-third in 1967 capital outlays
of airlines is the major factor in the 15
percent increase recorded for the nonrail transportation industry as a whole.
Outlays for the group are expected to
rise throughout the year.
Railroads have cut 1967 capital
budgets to $1.5 billion, or one-fourth
below the $2 billion spent in 1966.
This reduction follows 4 years of very
rapid expansion in expenditures for road
and equipment. Under the current
programs of the railroad companies,
the cutback is somewhat sharper for
equipment than for road. The decline
centers in the first half year with a
leveling indicated for the second half.
Railroads had reported that their investment programs had been particularly hard hit by the suspension of the
tax credit.
CHART 7
to level off during the second half of
1967.
The expansion in the electric utilities
outlays this year is very heavy in
generating facilities, where spending,
according to trade sources, may rise
one-third, as it did in 1966. Expenditures for transmission facilities are
scheduled to rise about one-sixth, and
those for distribution, a more moderate
7 percent.
Carryover of expenditures yet to be
made on projects already underway
rose to $10.3 billion at the end of 1966—
$2.3 billion higher than a year earlier.
The increase during the fourth quarter
was nearly $400 million. Investment
projects initiated during 1966 totaled
$10.7 billion, as against $9.3 billion in
the previous year. Starts during the
fourth quarter aggregated $2.7 billion,
about the same as in the corresponding
period of 1965.
Transportation programs diverse
Airline and pipeline companies expect
to increase expenditures for new plant
Changes in Sales, Actual and Anticipated
10
10
TRADE
1960
61
62
63
64
65
66
Change From Previous Year's Actual
Data: OBE-SEC
^ U.S. Department ot Commerce, Office of Business Economics
67-3-7
Table 6.—Manufacturers' Evaluation of Their Capacity
[Percent distribution of gross capital assets] 1
Other nonmanufacturing
End of month
1964
1963
1965
1966
Dec. Mar. June Sept. Dec. Mar. June Sept. Dec.
Mar.
June Sept. Dec.
More plant and equipment needed
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
51
52
61
51
49
47
81
31
50
51
56
52
49
45
83
30
50
51
58
52
49
47
87
30
47
49
54
51
44
45
88
22
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
45
42
25
47
48
46
18
67
45
42
30
46
48
47
16
68
46
43
28
47
48
46
12
69
48
44
32
46
52
47
11
76
8
13
21
10
3
9
. __
1
(4)
6
11
22
6
3
7
1
(«)
6
9
16
6
3
10
1
(4)
5
8
15
4
3
10
11
(4)
6
8
14
5
3
11
1
(4)
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
4
6
14
2
3
7
1
2
5
7
14
2
3
8
1
2
4
6
14
1
3
7
1
1
5
7
14
3
4
8
1
2
All manufacturing-.
.. _ _ .
Durable goods 2
Primary metals 3
Metal fabricators
N endurable goods 2 .
Food and beverage
Chemical
Petroleum
_ __ _ _.
About adequate
All manufacturing
_..,
Durable goods 2
Primary metals ..3
Metal fabricators
Nondurable goods 2
Food and beverage
Chemical
Petroleum .
Existing plant and equipment exceeds
needs
All manufacturing
Durable goods 2
Primary metals.-3
Metal fabricators
Nondurable goods 2
Food and beverage
Chemical
Petroleum . . _ __ _ _
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.
In the communications-commercial
group, changes in capital outlays in
1967 are also mixed: Communications
and finance companies expect higher
capital outlays than in 1966, while
trade and construction companies anticipate reduced capital investment.
For the group as a whole, a rise of 3
percent to $18.9 billion is indicated with
a generally rising trend during the year.
Mining companies anticipate an increase of 8 percent in outlays from 1966
to 1967, with the rise attributable to
nonferrous metals and coal mining companies. Rising investment throughout
the year is indicated for mining as a
whole.
Business Sales
Anticipations
For 1967, businessmen are generally
optimistic about sales prospects. Manufacturers expect their sales in 1967
March 1967
to rise 7% percent over 1966; this
would be lower than the unusually
large actual increases of 9 percent in
1965 and 1966 but well above those of
the previous 2 years. The projected
rate for 1967 as a whole is about 4
percent above the January rate. Durable goods producers are projecting a
sales advance of 8 percent, and nondurable goods producers, 7 percent;
both are a little below the actual 1966
increases. Except for iron and steel,
all major manufacturing industries are
anticipating higher sales this year than
last, but in most cases, they expect
the gains to be smaller than those
achieved in 1966. Steel companies see
SUEVEY OF CURRENT BUSINESS
13
sales holding close to those realized in
1966.
In the nonmanufacturing sector, sales
are also expected to maintain an upward
course in 1967. Public utilities look
forward to a sales advance of 6 percent—the same as the actual rise in
1966. The advance projected by electric utility companies is somewhat
larger than that for gas companies.
Among trade firms, retail sales for 1967
are projected to be 8 percent more than
in 1966 and wholesale sales 3 percent
more. In both cases, the 1967 projections call for improvement from the
early 1967 rates. The anticipated rise
in wholesale sales is substantially under
that actually achieved last year, while
the retail anticipation is for a larger
rise than in 1966.
Businessmen's sales anticipations are
useful adjuncts to their investment
anticipations because the expected level
of sales underlies two key determinants
of investment—short-term capacity requirements and earnings. Whether the
sales forecasts outlined above will be
realized ren&ains to be seen. In the
past, as may be noted in chart 7,
actual sales have frequently varied
substantially from forecasts; under
these circumstances, investment has
ordinarily been adjusted in the same
direction as the sales change.
Table 7.—Expenditures for New Plant and Equipment by U.S. Business,1 1965-67
[Billions of dollars]
1965
1965 1966 19672
All Industries
Manufacturing industries
Quarterly, seasonally adjusted annual rates
Quarterly, unadjusted
Annual
I
II
1966
III
IV
I
II
1965
1967
III
IV
12
112
2d
half 2
I
II
1966
III
IV
I
II
III
1967
IV
12
112
2d
balf2
51.96 60.63 63.00 10.79 12.81 13.41 14.95 12.77 15.29 15.57 17.00 13.83 15.84 33.33 49.00 50.35 52.75 55.35 58.00 60.10 61.25 62.80 62.60 62.25 63.65
22.45 26.99 27.94 4.54 5.47 5.73 6.72 5.61 6.78 6.84 7.75 6.06 7.00 14.89 20.75 21.55 23.00 24.15 25.60 26.80 27.55 27.75 27.60 27.70 28.20
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 glass3
Other durable goods
11.40 13.99
Nondurable goods industries
Food and beverage
Textile
- - _
Paper
Chemical
Petroleum
_ _
Eubber
Other nondurable goods *
11.05
1.24
.98
1.12
2.59
3.82
.34
.96
1.93
.68
.85
2.21
1.98
2.17
.86
1.19
2.86
1.93
.58 1.09
.78 .91
2.41 2.98
14.64 2.25 2.76 2.91 3.48 2.87 3.51 3.54 4.07 3.16 3.60 7.87 10.40 10.80 11.75 12.45
2.31 .36 .44 .50 .62 .42 .54 .56 .65 .46 .56 1.29 1.70 1.80 1.95 2.20
.92 .14 .15 .16 .22 .18 .22 .20 .25 .18 .21 .52 .60 .60 .65 .80
1.47 .15 .20 .22 .29 .23 .29 .30 .38 .31 .35 .81 .70 .80 .90 .95
3.51 .41 .51 .55 .74 .61 .69 .68 .88 .80 .81 1.90 1.80 2.00 2.35 2.60
1.69 .43 .53 .52 .50 .43 .50 .50 .50 .36 .46 .87 2.10 1.95 2.00 1.90
1.06
.86
2.84
.10
.16
.51
.13
.20
.60
.16
.20
.60
.18
.21
.71
.18
.19
.62
.28
.22
.77
.30
.24
.76
.32
.26
.83
.24
.17
.64
.26 .56
.22 .47
.74 1.45
.45
.75
.55
.75
.65
.85
.60
.80
13.00 13.30 2.28 2.70 2.82 3.24 2.74 3.27 3.30 3.68 2.89 3.39 7.02 10.40 10.70 11.25 11.70
1.39 1.49 .25 .32 .32 .34 .31 .37 .34 .36 .34 .40 .76 1.10 1.20 1.25 1.35
1.13 1.00 .20 .22 .26 .30 .27 .32 .28 .26 .22 .25 .52 .85 .85 1.05 1.10
1.50 1.55 .22 .26 .30 .33 .30 .37 .39 .45 .38 .39 .78 1.05 1.05 1.20 1.20
2.99 3.04 .55 .64 .63 .77 .61 .75 .74 .88 .65 .76 1.64 2.50 2.50 2.60 2.70
4.42 4.59 .79 .92 .97 1.14 .94 1.08 1.12 1.28 .95 1.16 2.48 3.70 3.75 3.80 4.00
.42
.52 .07 .09 .09 .09 .08 .10 .11 .13 .11 .12 .29 .35 .40 .30 .30
1.14 1.11 .19 .24 .25 .28 .24 .28 .31 .31 .24 .32 .56
13.15
2.00
.80
1.10
2.70
2.10
13.85
2.20
.90
1.15
2.70
1.85
14.35
2.20
.80
1.20
2.90
1.90
14.50 14.45 14.25 14.90
2.25 2.15 2.25 2.40
.90
.80 .85 1.00
1.25 1.45 1.40 1.50
3.10 3.55 3.20 3.65
1.90 1.75 1.70 1.65
.85 1.15 1.25 1.10
.85 .85 .95 .95
12.45
1.35
1.20
1.35
2.75
4.40
.35
12.95
1.40
1.25
1.50
3.00
4.35
.45
13.20
1.35
1.15
1.50
3.05
4.40
.40
1.10 1.05 1.05
.80 .85 .90
13.25 13.15 13.45 13.30
1.40 1.50 1.50 1.50
.95 1.00 1.00 1.00
1.60 1.80 1.55 1.45
3.15 2.90 3.00 3.15
4.55 4.40 4.70 4.60
,45
.50 .50 .55
Mining
1.30 1.47
1.58
.29
.33
.32
.35
.33
.40
.37
.38
.35
.40
.84 1.25 1.30 1.25 1.35 1.40
Railroad
1.73 1.98
1.48
.39
.44
.44
.46
.40
.55
.48
.55
.38
.37
.73 1.75 1.55 1.70 1.95 1.75 2.00 1.85 2.35
1.65 1.35 1.45
Transportation, other than rail
2.81 3.44
3.94
.58
.77
.72
.73
.75 1.00
.82
.86
.78 1.13 2.03 2.55 2.70 3.00 3.00 3.30 3.50 3.40 3.50
3.50 3.95 4.20
Public utilities
6.94 8.41
9.15 1.32 1.71 1.88 2.04 1.60 2.09 2.36 2.36 1.84 2.40 4.90 6.80 6.85 6.75 7.30 8.25 8.30 8.55 8.50
9.30 9.50 8.90
Communication
4.94 5.62
Commercial and other l
11.79 12.74
1.08 1.24
Il8.91
1.22 1.41 1.26
2.59 2.85 3.10 3.25 2.83 3.06 3.33 3.52
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 1967. The estimates for the first quarter, second quarter, and second
half of 1967 have been adjusted when necessary for systematic tendencies in anticipatory data.
The adjustment for each industry and time period is based on the median ratio of actual to
anticipated expenditures for the past 5 years. However, no adjustment is made unless the
anticipations have shown a bias in the same direction in at least 4 of the last 5 years and in at
least two-thirds of all years since 1958. The only departure from this procedure is in the estimate for retail trade (in the second half 1967) where the sample may be inadequate and the
suggested correction factor would yield an unusually large and unlikely figure.
1.42 1.36 1.58
}••"
4.55 9.95
1.55 1.45 1.45
4.55 4.80 5.05 5.30 5.35 5.50 5.60 5.95
11.30 11.60 11.95 12.25 12.35 12.45 12.85 13.30
1.50 1.55 1.70
Il9.10 18.20 19.20
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 total because of rounding. Data for earlier years were
published in the June 1956, March 1958, 1960, 1961,1962,1963,1964, 1965, and 1966 issues of the
SURVEY OF CURRENT BUSINESS.
Sources: U.S. Department of Commerce, Office of Business Economics, and Securities and
Exchange Commission.
By WALTHER LEDERER and EVELYN M. PARRISH
The Balance of Payments, Fourth Quarter 1966
K)TH the liquidity and the official
reserve transactions balances worsened
from the third to the fourth quarter of
1966, after adjustment for seasonal
variations; the former by about $360
million, the latter by about $1.2 billion.
The surplus on goods and services
after seasonal adjustment declined
about $80 million, not as much as in
in the two preceding quarters. U.S.
Government grants and capital transactions including changes in related liabilities, other than Treasury securities
added about $80 million to the credit
side. Net outflows of U.S. and foreign
private capital (other than liquid
funds) increased about $200 million.
A major factor in the deterioration of
both balances was an adverse change
of nearly $450 million in unrecorded
transactions, which shifted from an
exceptional net credit of about $175
million in the third quarter to a relatively high net debit of about $275
million in the fourth. This shift seems
to have been more a correction of a
temporary deviation in the third quarter
from the usual debit balance that has
prevailed in recent years, rather than
a reflection of more fundamental changes
in international transactions between
the United States and other countries.
Without this temporary deviation, the
third quarter liquidity balance would
have been more adverse, and the
official reserve transactions balance
less favorable than they actually were,
and the fourth quarter balances would
probably have been less adverse. Thus,
the liquidity balance would have
changed very little and might even
have improved from the third to the
fourth quarter, while the deterioration
in the official reserve transactions
balance would have been less pronounced.
14
The rise in net debits on goods and
services, Government grants and capital transactions, private capital flows,
and unrecorded transactions was in
part offset in the liquidity balance by
a $240 million increase in credits from
foreign official investments in time deposits or certificates of deposit with an
original maturity of one year or more.
In quality and liquidity these assets are
close to those usually included among
liquid assets and some central banks
consider them an acceptable investment
of their international reserves. The
liquidity balance—and in part the official reserve transactions balance—was
also favorably affected by other financial transactions by U.S. or foreign
official agencies, which provide temporary relief to the balance of payments
of this or other countries. However,
the net receipts from these transactions,
principally advance debt repayments
by foreign countries, did not change
significantly from the third to the fourth
quarter. These transactions are listed
in table A.
The large fourth quarter deterioration in the balance measured on the
basis of official reserve transactions reflects a shift after seasonal adjustment
from a decline of more than $1 billion
CHART 8
U.S. Balance of International Payments— Cumulative Quarterly Data
Billion $
Billion $
1.0
BALANCE ON LIQUIDITY BASIS
CHANGE IN U.S. OFFICIAL
RESERVE ASSETS (decrease-)
BALANCE ON OFFICIAL
RESERVE TRANSACTIONS BASIS
1.0
-.5
-1.0
-1.5
-2.0
-2.0 -
-2.5
-3.0
I
I
I
Mar.
June
Sept.
Dec.
Seasonally Adjusted
U.S. Department of Commerce, Office of Business Economics ,
Mar.
June
Sept.
Seasonally Adjusted
Dec.
I
I
I
Mar.
June
Sept.
-3.0
Dec.
SURVEY OF CURRENT BUSINESS
March 1967
in liabilities (both liquid and nonliquid)
to foreign official agencies in the third
quarter to a $250 million increase in
the fourth. In addition to the change
in capital transactions mentioned above
and in unrecorded transactions, this
shift reflected also a $450 million decline
in accumulations of liquid liabilities to
foreign private accounts.
Effects
of domestic developments
The fourth quarter economic developments in the United States, principally the slowdown in industrial production and the lessening of stringencies
in the capital markets, probably were
only partly reflected in the fourth quarter balance of payments.
The much slower rise in U.S. imports
in the fourth quarter than earlier in the
year was due to a large extent to a $100
million decline in imports of a few
specific commodities (steel, petroleum,
and sugar), which had risen by exceptionally large amounts during the preceding quarter. Imports of other
commodities continued to rise. There
was no slowdown in the rise of consumer
goods imports, although imports of
capital equipment did not increase as
much as earlier in the year. The decline
in capacity utilization in manufacturing
industries during the fourth quarter is
not likely to have affected imports
during that period since the effects of
such changes are usually delayed by
about one quarter.
The continued easing of reserve
stringencies relative to loan demands in
the banking system may have contributed to the fact that after allowance
for seasonal changes, banks did not
continue to reduce their foreign assets.
This easing might have enabled banks
to resume net lending abroad were it
not for Federal Reserve guidelines on
bank loans to foreigners and the
Interest Equalization Tax on loans with
a maturity of 1 year or more. The new
guidelines issued in December are likely
to keep net outflows within rather
narrow limits, particularly loans to
other developed countries that are not
directly financing exports.
Improved cash positions of business
enterprises may have been a factor in
the rise in corporate capital outflows for
both direct and other investments.
These increased $300 million, after the
amounts obtained abroad through loans
and new security issues are deducted.
Most of the rise was in capital flows to
Western Europe and was reported by a
large number of firms rather than being
concentrated in a few large transactions.
Effects
of foreign
developments
Foreign economic developments affected the balance of payments in several ways. The decline in industrial
production in the United Kingdom and
15
Germany and a slower rate of increase
in some of the other countries reduced
U.S. merchandise exports to the United
Kingdom and other Western European
countries to less than they were in the
corresponding period a year earlier.
This contrasted with the first three
quarters of the year, when exports were
higher than a year earlier, although the
year-to-year differences diminished as
the year progressed. Exports to Canada, where the rise in industrial production also lessened, continued to
exceed those in the fourth quarter of
1965, but here, too, the growth from
the corresponding period of 1965 was
smaller than in the earlier quarters of
1966.
Export sales to Japan and the less
developed countries in Latin America,
Asia, and Africa remained strong.
This may have reflected the rise in the
foreign exchange earnings of these
countries in the latter part of 1965 and
in 1966, which resulted from the large
expansion in our merchandise imports,
from the rapid rise in our military expenditures in East Asia, and perhaps
also from a rise in sales to other advanced countries. Since imports by
these countries usually lag behind their
earnings, the indirect effect of the
recent slowdown in business expansion
in the United States as well as in some
of the other advanced countries has not
yet been fully registered in our exports.
Table A.—Selected Transactions in the U.S. Balance of Payments
[Millions of dollars]
Effect on balance measured on—
Transaction
Official reserve transactions basis
Liquidity basis
Lines in tables 1, 2, 8 in which transactions are included are indicated in ( )
1965
I
Investment by foreign official agencies in long-term time deposits or certificates of
deposit in U.S. banks (53)
Investment by international and regional organizations in long-term time deposits or
certificates of deposit and nonguaranteed U.S. Government agency bonds, less
sales in the United States of newly issued securities (53 52 34)
Nonscheduled repayments by foreign governments of U.S. Government credits (45) __
II
284
86
323
41
361
86
301
—23
—3
221
428
3
7
226
192
139
40
69
23
—150
—150
Liquidation of U.S. securities other than Treasury issues by United Kingdom
(Government and private) (52) _
—520
—82
—42
Deferral of service on U.K. loan (13 and 44)
-138
—7
I
221
3
7
226
30
139
40
69
30
23
23
—19
25
—520
-138
—49
—53
—26
III
II
428
150
-46
1966
rv
43
150
III
736
Canadian Government purchases of IBRD bonds from U S owners (36)
Foreign holdings of nonmarketable, nonconvertible, medium-term U.S. Government securities not associated with specific transactions (57)
1965
—41
Nonscheduled repayments by Canadian Government of U.S private credits (35)
Postponement of new issues of Canadian securities (34)
1966
1966
1966
-23
53
-150
—82
IV
192
23
—150
—42
—46
-19
25
16
The decline or slowing in the growth
of production in Europe has also led to
a relaxation of the previous tightness in
some of the European capital markets.
The decline in short- and long-term
interest rates has enabled U.S. corporations to increase their sales abroad of
newly issued securities to finance their
foreign investments, from $35 million
in the third quarter to $76 million in
the fourth.
The slowdown in foreign business
expansion also had an adverse effect on
incomes from direct investments. Incomes obtained in the fourth quarter
were higher than a year earlier, but the
irregularities in the quarterly dividend
payments by foreign subsidiaries make
it difficult to compare changes on the
basis of quarterly figures. For 1966 as
a whole, incomes obtained from the
United Kingdom and from other Western Europe declined although the investments from which these incomes
are obtained continued to grow.
The continued improvement in the
British exchange situation during the
fourth quarter resulted in a net flow of
dollars into official British reserves.
At the same time, the declining tightness in the financial position of the U.S.
banking system reduced the banks'
need to raise their reserves by attracting
deposits through their foreign branches.
U.S. banks continued to attract deposits
from foreigners through their foreign
branches, but instead of adding these
funds to their reserves, they may have
started to relend them through their
foreign branches to foreign borrowers.
Both of these developments contributed to a reduction in the net
accumulation of liquid dollar liabilities
to foreign private accounts in U.S.
banks, from about $1,260 million in the
third quarter to about $800 million in
the fourth (table 3, lines 10 and 11).
Even at this rate, however, accumulations of liquid dollar liabilities to foreign
private accounts were much higher than
would be sustainable over the longer
run, and in the first 2 months of 1967,
the accumulations were reversed as
major amounts were shifted back to
official accounts.
The fourth quarter decline in the
growth of liquid liabilities to foreign
SUEVEY OF CURRENT BUSINESS
private accounts did not affect the
balance of payments measured on the
liquidity basis, since it was offset by a
faster growth in liabilities to foreign
offipial accounts. However, the decline
was a major factor in the deterioration
of the balance measured on the official
transactions basis from the very favorable, but temporary, level attained in
the previous quarter. At that time,
British official agencies had to sell
dollars that U.S. banks had attracted
through their foreign branches by
offering exceptionally high interest rates.
Goods and services
The balance on goods and services
(after seasonal adjustment) was at an
annual rate of $4.5 billion in the fourth
quarter, as compared with $4.8 billion
in the third. The worsening in the
balance was less than half as large as
it had been in the two preceding
quarters, mainly because of a much
slower rise in merchandise imports.
Nonmilitary exports, at a seasonally
adjusted annual rate of $29.6 billion,
were little changed in the fourth quarter,
following a substantial rise in the
third.1 A decline in shipments of
agricultural goods was offset by continued gains in nonagricultural commodities.
Exports of wheat and other grains,
after seasonal adjustment, declined substantially, following record shipments
in the third quarter. However, decreases in grain exports were partly offset by increased soybean exports and
also by further recovery in cotton
exports. Cotton exports began to improve in August with the adoption of a
new U.S. policy permitting cotton
prices to be set by world market
conditions.
A large part of the rise in nonagricultural exports in the fourth quarter was
in shipments of automotive equipment
to Canada. Machinery exports remained buoyant, but did not increase
as much from a year earlier as they had
in the first three quarters of the year.
1. Based on revised seasonal adjustments for recorded
total merchandise exports and imports recently issued by
the Bureau of the Census. See table 4. The revisions will
be incorporated in the balance of payments tables in the
June 1967 SURVEY.
March 1967
New export orders for machinery in the
fourth quarter were about the same as
in the third, and the rate of increase
from the corresponding period a year
earlier was slower than in the first three
quarters of 1966.
Imports in the fourth quarter were
at a seasonally adjusted annual rate of
$26.7 billion, as compared with $26.4
billion in the preceding quarter. The
marked slowing in the increase reflected
partly a reaction from the exceptionally
large rise for some major commodities
in the third quarter. Steel and petroleum imports declined after a third
quarter bulge, and imports of other
industrial supplies also fell. The decrease in imports of industrial supplies
was accompanied by substantially
smaller withdrawals from national
stockpiles of industrial materials that
are normally imported. Machinery imports increased slightly in the fourth
quarter, following large gains in each
of the three preceding quarters. However, imports of automotive equipment,
especially from Canada, continued to
expand, and imports of nonfood consumer goods also increased. Imports
of foodstuffs were relatively stable except for sugar. Sugar imports decreased
in the fourth quarter after a sharp rise
in the third, when newly expanded
import quotas were announced.
Military expenditures continued to
rise in the fourth quarter and reached
an annual rate of $3.8 billion. Expenditures in Asia were at an annual
rate of almost $2 billion, as compared
with $815 million in 1964, before the
military buildup in Southeast Asia
started. The fourth quarter rise in
expenditures in Asia was partly offset
by a decline in expenditures in Western
Europe.
Fourth quarter receipts from fees and
royalties and income from direct investment abroad dropped about $110
million after seasonal adjustment. This
reduction in receipts was partly compensated for by a decrease of $30
million in private income payments.
Government income receipts in the
fourth quarter included $68 million in
interest paid by the United Kingdom
government on the British loan; in the
2 preceding years similar interest payments had been postponed.
March 1967
Government grants and capital
transactions
U.S. Government grants and capital
outflows (net of scheduled loan repayments and associated liabilities) were
$0.8 billion in the fourth quarter, as
compared with $0.9 billion in the third
quarter. Also included in the fourth
quarter figure was a credit of $70 million
resulting from resumption of the yearend scheduled repayment of principal
on the British loan after 2 years of
deferments.
Government capital outflows in the
fourth quarter were reduced by a credit
of about $110 million resulting from a
replacement by a letter-of-credit arrangement of a previous capital subscription to the Interamerican Development Bank (IDB). The counterpart
to this credit is a debit entry in Government liabilities associated with U.S.
grants and capital outflows (table 5,
line B9, and tables 1, 2, and 8, line 56),
representing a corresponding decline in
the holdings by the IDB of noninterestbearing U.S. Government securities
that had been issued when the capital
subscription was made.
U.S. Government transactions also
included receipts of $192 million from
nonscheduled debt repayments by Germany. The governments of the United
States and West Germany understood
that this receipt would reduce by an
equal amount German orders and payment for military equipment under the
provisions of the current offset agreement. Under this agreement, Germany also paid $250 million near the
end of the year to finance purchases
of military equipment. The current
offset agreement provides that $1,350
million be paid to us over a 2-year
period ending June 30, 1967, but does
not include a specific schedule for these
payments. The $1,350 million in the
offset agreement is roughly equivalent
to the amount of U.S. military expenditures in Germany during a 2-year
period as estimated at the time the
agreement was made.
SUKVEY OF CURRENT BUSINESS
17
were reinvestments of $76 million
borrowed abroad through U.S.-incorporated financing affiliates of U.S.
firms. The total U.S. private capital
outflow excluding those funds was
$1,065 million in the fourth quarter, or
about $320 million above the average
in the first three quarters of 1966.
Estimates of the sources and uses
of funds borrowed abroad by domestic
subsidiaries of U.S. corporations specially organized to help finance direct
investment abroad are included in
table B. The line numbers refer to
the lines in tables 1,2, and 8 in which
these transactions are included. Funds
borrowed abroad directly by U.S.
parent organizations are not included
in this table, but are included in lines
54 and 55 of tables 1, 2, and 8. (Funds
borrowed abroad by foreign subsidiaries of U.S. corporations are excluded
from table B as well as from the
regular balance of payments tables
because these transactions are considered to take place between foreign
residents. However, such borrowing
improves the balance of payments if
it results in a lower capital outflow
from the United States.)
In the fourth quarter, the outflow for
U.S. private direct investment (excluding funds raised abroad by the specially
organized domestic financing subsidiaries) amounted to $880 million after
seasonal adjustment; this was about
$180 million higher than in the previous
quarter. The increase in the outflow
to Western Europe exceeded that of the
total but was offset by decreases to
other areas. Outflows to Canada continued to be well above those a year
earlier and included sizable amounts for
the automotive industry. Transactions
with the rest of the world—primarily
the oil-producing countries—resulted in
a return flow of capital and reflected a
seasonal accumulation by parent oil
companies of funds required for tax
payments scheduled in subsequent
periods.
U.S. purchases of newly issued foreign
securities in the fourth quarter decreased to $182 million, after seasonal
adjustment, from $275 million in the
third. Nearly half of the decline was
in purchases of bonds issued by the
International Bank for Reconstruction
and Development (IBRD). About
three-fourths of the new issues in the
fourth quarter were Canadian; these as
well as all other fourth-quarter issues
were exempt from the Interest Equalization Tax.
Other transactions in foreign securities resulted in net liquidations of $54
million, an amount only half as large
as in the third quarter, after omission
of a special purchase of $23 million of
IBRD bonds by the Canadian Government from U.S. owners in the third
quarter. The continued net liquidations of U.S. holdings of foreign securities are partly the result of the Interest
Equalization Tax, which applies to
all purchases of outstanding foreign
securities.
Liquidations of long-term claims
reported by banks continued in the
fourth quarter, and amounted to $156
Table B.—Sources and Uses of Funds Borrowed Abroad by Domestic Subsidiaries of U.S.
Corporations Specially Organized to Finance Direct Investments Abroad
[Millions of dollars]
Line
1965
1965
1966
III
1966
IV
I
II
IV
III
Sources of funds:
52
54
Private capital transactions
The fourth quarter outflow of U.S.
private capital (after seasonal adjustment) rose nearly $400 million to
$1,140 million. Included in that total
(Credits +, debits -)
Transactions in U.S. securities other than
Treasury issues
Long-term liabilities reported by U.S.
private residents other than banks .
191
586
15
19
19
172
184
15
291
35
76
19
Uses of borrowed funds:
33
40
59
Direct investment Short-term claims reported by U.S. residents other than banks
Foreign deposits and money market paper
held in the United States
—60
-146
-398
—1
-201
-18
—6
Source: U.S. Department of Commerce, Office of Business Economics.
-59
-128
-30
-148
—6
-247
-63
-36
-85
1
9
SURVEY OF CURRENT BUSINESS
18
claims increased $385 million, including
$200 million representing the temporary
investment by U.S. corporations of
funds obtained from the sale abroad
of newly issued securities.
million after seasonal adjustment, as
compared with $84 million in the third
quarter. Short-term claims, on the
other hand, increased $140 million in
contrast with a net liquidation of $20
million in the third quarter and a net
liquidation of $52 million in the first
half of the year. Outstanding bank
claims under the Federal Reserve
program at the end of 1966 were
$864 million below the ceiling suggested
by the 1966 guidelines.
Long- and short-term claims reported
by U.S. residents other than banks
rose nearly $110 million to $155 million
in the fourth quarter after seasonal
adjustment. In 1966 as a whole, these
The balances
U.S. official reserve assets increased
$6 million during the fourth quarter
after an $82 million drop in the third.
The fourth quarter increase was composed of a $121 million decline in the
gold stock, a $46 million decline in the
gold tranche position in the IMF,
and a rise of $173 million in holdings
of convertible currencies. Holdings of
continental European currencies in:HART 9
Selected U.S. Private Capital Outflows— Cumulative Quarterly Data
Increase in assets (4-)
Billion $
4
Billion $
I
i
NONBANKING CLAIMS*
CLAIMS REPORTED BY BANKS
DIRECT INVESTMENT*
I
I
Mar.
June
Sept.
Seasonally Adjusted
Dec.
I
I
Mar.
June
Sept.
Seasonally Adjusted
I
Dec.
I
*Excluding funds borrowed abroad by domestic subsidiaries of U.S. corporations specially organized to finance direct investments abroad.
U.S. Department of Commerce, Office of Business Economics
!
Mar.
June
Sept.
Seasonally Adjusted
-1
Dec.
March 1967
creased more, but holdings of British
sterling, which had increased nearly
$500 million in the third quarter, declined slightly. The $167 million
decline in the gold stock and in the
gold tranche position was less than in
any of the earlier quarters of 1966.
The combination of the $534 million
rise in liquid liabilities less the $6 million
increase in official reserve assets equals
the $528 million adverse balance measured on the liquidity basis. Seasonal
adjustments raised the adverse balance
by $30 million to nearly $560 million.
The comparable balance in the third
quarter was adverse by $200 million.
The combination of a $159 million
decline in liquid liabilities to foreign
official agencies, a $338 million increase
in liabilities with an original maturity
of 1 year or more, and a $6 million rise
in official reserve assets equals the $173
million adverse balance measured on
the official reserve transactions basis.
Seasonal adjustments of about $70 million raised the adverse balance to $244
million. This compares with a favorable balance of $952 million in the
third quarter.
The liquidity balance for the fourth
quarter was improved by about $320
million through investments by foreign
official agencies in time deposits and
time deposit certificates with an original
maturity of 1 year or more. It was
also improved by $53 million through
the purchase by a foreign official agency
of nonmarketable, nonconvertible, medium-term U.S. Government securities.
The shift by foreign official agencies
from liquid to these types of assets did
not affect the balance measured by official reserve transactions.
SURVEY OF CURRENT BUSINESS
March 1967
19
Table 1.—U.S. International Transactions
[Millions of dollars]
1965
(Credits +; debits -)
TilTlf
1£ 65
1966
I
1 Exports of goods and services
2
Excluding transfers under military grants
1
3
4
5
6
Merchandise adjusted, excluding military
Transfers under military sales contracts
Transfers under military grants, net . _ _ . _
Transportation
7
8
9
10
Travel
_
Fees and royalties from direct investments
Other private services
Other U.S. Government services
11
13
13
Income on U.S. investments
abroad:
Direct investments 2
Other private assets
.
U.S. Government assets
14
P 40,621
38,993
_ _
Imports of goods and services
_
18
19
?0
Travel
Private payments f o r other services
_ _ _
U.S. Government payments for other services
?1
?,?,
Income on foreign investments
in the United States:
Private payments 2 . _ _
U.S. Government payments ..
_
_
__
P 9,700
9,428
P 10,920
10,601
III'
II
N.A.
10,213
N.A.
10,835
r
T
IV P
N.A.
10,401
N A
11,461
7, 365
260
N.A.
645
6,973
215
N.A.
692
7,766
235
N.A.
653
5,615
200
P372
508
7,032
229
P665
638
6,331
199
P272
631
7,298
216
P319
638
1,212
909
1,152
284
1,417
1,051
1,269
320
232
202
286
68
340
206
287
71
370
224
287
73
270
277
292
72
274
229
316
72
388
243
320
82
455
272
312
76
300
307
321
90
3,961
1,428
512
3,978
1,607
595
1,036
344
106
1,060
369
135
849
343
121
1,016
372
150
965
374
114
979
413
140
891
396
119
1,143
424
222
-32,036
-37,614
-6,809
-8,183
-8,521
-8,523
-8,482
-9,321
-10,063
-9,748
-21, 488
-2, 881
_
._. -2, 691
-25,507
-3, 649
-2, 903
-4,597
-664
-559
-5,488
-701
-766
-5,487
-745
-722
-5,916
-771
-644
-5,896
-854
-630
'— 6, 273
-899
-795
-6, 540
-934
-793
-6, 798
-962
-685
-2, 400
-384
-546
-2, 623
-430
-634
-398
-102
-112
-619
-95
-117
-919
-93
-171
-464
-94
-146
-412
-108
-142
-685
-107
-133
-1, 016
-106
-195
-510
-109
-164
-1, 158
-488
-1,311
-557
-255
-122
-280
-117
-266
-118
-357
-131
-302
-138
-294
-135
-339
-140
-376
-144
P 8,585
6,957
N.A.
5,296
P2,160
1,788
P 2,849
2,184
* 1,179
907
P 2,397
2,078
N.A.
1,731
N.A.
1,514
N.A.
338
N.A.
1,713
-J
Merchandise, adjusted, excluding military
Military expenditures
Transportation
_ _
P 11,032
10,367
I
IV
29, 180
908
N.A.
2,585
_
15
16
17
P 8,969
8,597
III
26, 276
844
9 1, 628
2,415
__-
_
N.A.
42,910
II
IS 66
._
-
r
7, 076
198
N.A.
595
?3
?4
Balance on goods and services (lines 1 and 14)
_
Ex eluding transfers under military grants (lines 2 and 14)
?5
?fi
Unilateral transfers, net; transfers to foreigners ( — )
Excluding military grants
_
» -4,422
-2,794
N.A. P -1,035 * -1,461
-2,907
-796
-663
p-938
-666
p-988
-669
N.A.
-850
N.A.
-760
N.A.
-652
N.A.
-645
?7
?8
29
30
Private remittances
Military grants of goods and services
_
Other U.S. Government grants 1 .
_ >
U.S. Government pensions and other transfers .
-628
P- 1,628
-1,800
-366
-629
N.A.
-1,915
-363
-153
p-372
-437
-73
-153
p-665
-510
-133
-152
p-272
-431
-83
-170
p-319
-422
-77
-155
N.A.
-614
-81
-154
N.A.
-526
-80
-149
N.A.
-385
-118
-171
N.A.
-390
-84
__
31
Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24
and 26) «
32
Transactions in U.S. private assets, net; increase in assets (— )
33
34
35
36
Direct investments 2
_ _
_ __ _
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities
_ _
_
37
38
Claims reported by U.S. banks:1
Long-term
Short-term
39
40
Claims reported by U.S. residents other than banks:1
Long-term
_
Short-term
41
_
Loans and other long-term assets l
Foreign currencies and other short-term assets l
44
45
Repayments on credits:
Scheduled
Nonscheduled
47
48
49
50
__.
Transactions in U.S. Government assets, excluding official reserve assets,
net; increase in assets (— )
42
43
46
_
Transactions in U.S. official reserve assets, net; increase in assets (— )
Gold<__
Convertible currencies
Gold tranche position in IM F *
Transactions in foreign assets in the United States, net; increase in foreign
assets (U.S. liabilities) (+)
4,163
2,389
1,125
1,388
241
1,409
754
-314
1,068
-3,690
-3,911
-1,537
-524
-424
-1,205
-862
-1,271
-344
-1,434
-3, 371
-1, 206
222
226
-3,363
-1,105
405
274
-1, 148
-302
55
49
-936
-329
52
130
-419
-304
42
53
-868
-271
73
-6
-623
-455
118
17
-1, 053
-275
123
72
-587
-199
75
131
-1, 100
-176
89
54
-231
325
329
-68
-461
23
201
176
-41
260
70
-134
127
145
1
-59
102
229
99
-383
-91
436
-116
-267
6
241
-6
188
-20
5
-71
2
-17
-174
-53
-27
-29
-66
-17
(*)
-1,575
-1,481
-336
-582
-225
-432
-300
-556
-350
-275
—2, 493
16
-2, 443
-265
-648
150
-689
-64
-500
-116
-656
46
-574
91
-648
-90
-631
-131
-590
-135
681
221
799
428
152
10
166
5
208
183
155
23
180
3
175
7
1,222
881
186
226
258
192
568
842
68
41
271
424
68
82
-6
1 665
—349
-94
571
-540
537
832
-58
68
590
-56
-466
124
-413
330
119
178
-26
68
222
134
209
-163
22
173
-426
335
121
-173
46
309
3,024
-332
-388
714
315
-87
1,053
860
1,198
71
—443
204
—21
881
930
90
35
152
—91
-256
43
41
-235
-51
31
13
60
37
178
55
11
504
••451
-142
110
97
73
89
327
51
52
53
Direct investments 2
U.S. securities other than Treasury issues
Long-term liabilities reported by U.S. banks
54
55
Other liabilities reported by U.S. private residents other than banks:
Long-term
Short-term
19
146
122
246
8
-5
-5
68
10
39
6
44
28
39
20
57
31
92
43
58
56
57
Liabilities of1 U.S. Government, excluding marketable or convertible securities:
Associated with specific transactions
Other nonmarketable, nonconvertible, medium-term securities
204
-7
59
-49
45
111
-1
-55
(*)
103
-6
5
-53
-45
-26
78
-23
21
53
58
59
U.S. Government marketable or convertible bonds and notes 1
Deposits and money market paper held in the United States *
47
68
-1, 561
2,417
-39
-618
78
-335
156
809
-148
212
-547
171
-295
'376
-527
1,144
-192
726
—429
-589
238
38
-347
-358
-56
-48
66
60
Errors and omissions, net
_
.
r
Revised.
P Preliminary.
*Less than $500,000 (±).
N.A.—Not available.
1. Details for lines 3 and 15 are given in table 4; for lines 29, 42, 43, 56, and 57, in table 5;
for lines 37 through 40, in table 6; and for lines 58 and 59, in table 7.
2. Excludes undistributed profits of subsidiaries.
-551
3. Numerically equal to net foreign investment in U.S. national income and product
accounts.
4. Reflects $259 million payment of gold portion of increased U.S. subscription to the
IMF in the second quarter of 1965.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CUERENT BUSINESS
20
March 196'
Table 2.—U.S. International Transactions—Seasonally Adjusted
[Millions of dollars!
19 65
(Credits-H debits-)
Linf
I
1
9
Exports of goods and services
_ _~
__
Excluding transfers under military grants
Merchandise, adjusted, excluding military
Transfers under military sales contracts _ _ _ _ _
Transfers under military grants, net
Transportation
7
8
q
10
Travel
Fees a n d royalties from direct investments
Other private services -_
Other U S Government services
11
I9
IS
Income on U.S. investments
abroad:
Direct investments 2
Other private assets
U.S. Government assets _ _
_ _
Travel
Private payments for other services
U.S. Government payments for other services
°1
Income on foreign investments
in the United States:
Private payments 2
U.S. Government payments
.
9
5
9
6
97
9
8
9q
30
81
Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24 and 26)
Transactions in U.S. private assets, net; increase in assets ( — )
S3
34
35
36
Direct investments 2
_ _
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities
37
38
Claims reported by U.S. banks: 1
Long-terni
Short- term
_
_
39
40
Claims reported by U.S. residents other than banks: l
Long-term
Short-term
41
Loans and other long-term assets 1
Foreign currencies and other short-term assets l
44
4*>
Repayments on credits:
Scheduled
Nonscheduled
47
48
49
50
337
259
320
82
373
285
312
76
374
272
321
90
1,112
358
146
964
357
149
811
365
78
1 005
379
148
1 026
401
148
1 024
412
149
923
415
150
—7,164
—8,087
—8,245
—8,540
—8,898
—9 175
—9 737
—9 804
-4, 656
—664
—638
-5, 481
—701
—686
-5, 595
—745
—661
-5, 756
—771
—706
-5, 980
—854
—719
-6,220
—899
—712
—6,639
—934
—725
—6 668
—962
—747
-597
—102
—134
-586
—95
—134
-603
—93
—137
-614
—94
— 141
-642
—108
—159
-643
—107
—157
—664
—106
—159
—674
—109
—159
-251
-122
—287
-117
—293
—118
—327
—131
—298
-138
-302
—135
—370
—140
—341
—144
P 1,984
1,612
P 2,714
2,049
"2,043
1,771
P 1,844
1,525
N.A.
1,582
N.A.
1,383
N.A.
1,206
N.A.
1,125
p —1,034 p —1,433
—768
—662
P —991
—719
P —954
—645
N.A.
—852
N.A.
—736
N.A.
—698
N.A.
—621
—161
p —272
—475
-83
—158
P —319
-410
-77
—155
N.A.
-616
-81
— 156
N.A
-5CO
-80
—159
N A.
—421
-118
—159
N.A.
-378
-84
^__.
_
)
1
Gold*
_
Convertible currencies
Gold tranche position in IM F *
.__
_
-
__
Transactions in foreign assets in the United States, net; increase in foreign assets (U.S. liabilities)
(•-!-)...
51
5?,
53
Direct investments 2
U.S. securities other than Treasury issues
Long-term liabilities reported by U.S. banks
54
55
Other liabilities reported by U.S. private residents other than banks:
Long-term
Short-term
_
56
57
Liabilities of U.S. Government, excluding marketable or convertible securities: l
Associated with specific transactions
Other nonmarketable, non convertible, medium-term securities
58
59
U.S. Government marketable or convertible bonds and notesJ1
Deposits and money market paper held in the United States
60
333
235
316
72
.._ _
Transactions in U.S. official reserve assets, net; increase in assets (— )
.
-
--
Errors and omissions, net
' Revised.
» Preliminary.
N.A.— Not available.
*Less than $500,000(±).
1. Details for lines 3 and 15 are given in table 4; for lines 29, 42, 43, 56, and 57, in table 5;
3. Numerically equal to net foreign investment in U.S. national income and product
accounts.
1,074
348
139
330
242
292
72
3
_ - - -
295
220
287
71
305
239
287
73
. _
_
282
208
286
68
7 502
235
NA
647
Transactions in U.S. Government assets, excluding official reserve assets, net; increase in assets (— ).
49
43
46
_.
6,826
199
P272
617
7 426
215
NA
671
Balance on goods and services (lines 1 and 14)
Excluding transfers under military grants (lines 2 and 14)
?°
6,798
229
"665
620
7 098
260
NA
627
_
_
5,625
200
"372
546
7,154
198
NA
640
_
_
P 10,384
10 065
7 027
216
P319
632
_
Private remittances
Military grants of goods and services
Other U.S. Government grants l .
U.S. Government pensions and other transfers
P 10,288
10 016
NA
10 929
_
Unilateral transfers, net; transfers to foreigners ( — )
Excluding military grants
P 10,801
10,136
NA
10 943
_ _ _ _ _
_
_
_.
"9,148
8,776
I'
N.A
10 558
Imports of goods and services
18
IP
•>0
4
_
IV
N.A.
10 480
_ _
Merchandise, adjusted, excluding military *
Military expenditures
Transportation
9^
9
_
III
III'
___ .
_ _ _ _
_
15
16
17
99
_.
_
II
II '
__
1
3
4
5
6
H
.
1966
\>
—154
p —372
-435
-73
—155
P -665
-480
1QQ
IV P
950
1,281
1,052
880
730
647
508
504
— 1 605
—346
—827
—912
—928
— 1,094
—748
— 1,141
—1, 212
-306
55
49
-859
-244
52
130
-569
-380
42
53
-731
-276
73
—6
-687
-459
118
17
-976
—189
123
72
—737
-275
75
131
-963
-182
89
54
-468
21
169
144
—58
51
126
109
122
143
—33
-91
84
20
156
-140
6
250
-6
268
-20
54
-71
-136
-17
—165
-53
53
-29
-17
-17
-138
-367
-469
-268
-471
-341
-452
-376
-312
—733
229
192
__.
-554
—661
—642
—620
—540
—655
—780
177
10
187
5
191
183
126
23
196
3
196
7
178
226
842
68
41
271
424
68
82
-6
832
—58
68
590
-56
-466
124
—413
330
119
178
-26
68
222
134
209
-163
22
173
-426
335
121
-173
46
180
-425
242
312
409
1,026
90
35
152
-91
-256
43
41
-235
-51
31
13
60
37
178
55
11
504
451
-142
110
97
73
89
327
8
-5
-5
68
10
39
6
44
28
39
20
57
31
92
43
58
45
111
•t
-55
(*)
103
-6
5
-53
-45
-26
78
-23
21
53
-IAZ
—145
—294
493
61
0
-109
-240
-80
-294
-195
173
-273
361
1,228
4. Reflects $259 million payment of gold portion of increased U.S. subscription to IMF in
the second quarter of 1965.
Source: U.S. Department of Commerce, Office of Business Economics.
SUEVEY OF CURRENT BUSINESS
March 1967
21
Table 3.—U.S. Balance of Payments and Reserve Position
(Millions of dollars]
1965
Line,
19 35
19 56
Amounts
outstanding Dec.
31, 1966
1966
I
II
IV
III
I
II
III
IV *
Balance on liquidity basis— measured by increase in U.S. official
reserve assets and decrease in liquid liabilities to all foreigners:
1
Seasonally adjusted; decrease in net assets (— )
2
Less seasonal adjustment
3
Before seasonal adjustment (lines 4 and 8 with sign reversed)
4
U S official reserve assets (table 1 line 46); increase ( — )
5
6
7
8
9
10
11
1?
1
Gold
Convertible currencies
IMF gold tranche position l
_
Liquid liabilities to all foreigners (table 1, lines 58 and 59);
decrease ( — )
To official agencies
To commercial banks 2
To other foreign residents and unallocated 3 .
To international and regional organizations
-558
—697
226
—512
37
472
3
— 1 424
—185
189
— 1,006
—335
—48
1,222
568
842
68
41
271
424
68
82
-6
14,882
1,665
-349
571
832
-58
68
590
-56
124
68
222
134
209
173
121
-173
46
13,235
1,321
326
64
697
-376
-851
96
-23
534
-159
849
-47
-109
29,840
14,688
9,963
4,283
906
952
-244
-1,337
— 1 337
-1,424
-540
-94
537
115
—17
116
306
—1,574
2,731
-290
856
224
-525
—657
-860
164
104
-65
-534
-332
-413
-466
330
119
178
-26
-257
-107
-206
965
253
697
72
-57
-539
-142
82
-26
48
-544
-122
-200
-496
27
499
— 149
—699
404
109
-38
-163
-426
22
335
81
54
316
66
-618
1,162
-355
617
-30
-528
Balance on official reserve transactions basis— measured by increase in U.S. official reserve assets and decrease in liquid and
certain nonliquid liabilities to foreign official agencies:
13
Seasonally adjusted; decrease in net assets ( — )
14
Less seasonal adjustment
15
Before seasonal adjustment (lines 16 through 18, with sign
reversed)
— 1,305
271
—618
239
232
-1,158
-234
-659
184
508
-33
-636
-203
182
525
-71
-173
-1,305
271
41
55
-1,125
402
-385
427
1,222
568
842
68
41
271
424
68
82
Liquid liabilities to foreign official agencies (portion of
line 9); decrease (—)
_.
-17
-1, 574
-107
253
697
-851
54
-618
18
Certain nonliquid liabilities to foreign official agencies;
decrease (— )_
100
735
-23
-16
-18
157
25
263
109
338
1,386
19
Liabilities reported by U.S. private residents (table
1, portions of lines 53 through 55)
-38
736
-21
-29
-16
28
43
284
86
323
856
Liabilities reported by U.S. Government (table 1,
portions of lines 56 and 57)
-
138
-1
-2
13
-2
129
-18
-21
23
15
530
16
U.S. official reserve assets (line 4); increase (— )
17
20
* Preliminary.
1. Reflects $259 million payment of gold portion of increased U.S. subscription to the IMF
in the second quarter of 1965.
-860
-276
-6
-159
14,882
14,688
2. Includes deposits of foreign branches of U.S. banks and of foreign commercial banks,
associated with their U.S.-dollar denominated liabilities to foreign official agencies.
3. May include U.S. Government bonds and notes held by foreign commercial banks.
Table 4.—U.S. Merchandise Trade
[Millions of dollars]
1965
Line
1966 '
1965
Ii
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
Merchandise exports, adjusted (table 1,
26,276
line 3)*
Plus merchandise exports, other than
military grant shipments excluded
from 2 line 1 but included in Census
data
631
Less merchandise exports included in3 line
123
1 but excluded from Census data
Less miscellaneous and special adjustments to Census data incorporated in
84
line 1, net *
Equals: Merchandise exports, Census
basis, including reexports, excluding
military grant shipments*
26,700
Plus military grant shipments recorded in
Census data
778
Equals: Merchandise exports, Census
basis, including reexports and military
grant shipments
27,478
Agricultural goods
6,343
Nonagricultural goods
21, 135
Excluding military grant ship20,357
ments
Merchandise imports, adjusted (table 1,
line 15)*
21,488
Plus merchandise imports excluded from
172
line 11 but included in Census data 8 —
Less merchandise imports included in6 line
202
11 but excluded from Census data
Less miscellaneous and special adjustments to Census data incorporated in
92
line 11, net <
Equals: Merchandise imports, Census
721,366
basis (general imports)*
Food and beverages
3,846
Industrial supplies and materials
10, 604
Iron and steel
1,270
Petroleum
2,104
7,230
Other
4,123
Consumer goods (nonfood)
671
Passenger cars, new and used
3,452
Other
24
25
26
27
28
Capital equipment
Machinery and parts
Trucks and buses
Other
All other, including uranium, and
unclassified .
__
29
Balance on merchandise trade, adjusted
(line Hess line 11)*
Seasonally adjusted
1966
1965
1966
III
III
IV
I
II
III
IV P
Ii
Hi
Ill
IV
I
II
Ill
5,625
6,798
6,826
7,027
7,154
7,098
7,426
7,502
5,569
6,872
6,959
7,186
7,171
7,178
7,499
7,588
1,695
1,712
1,860
1,784
29, 180
5,615
7,032
6,331
7,298
7,076
7,365
6,973
7,766
429
98
125
175
233
96
125
97
111
25
33
39
55
54
35
2
50
IV v
183
36
29
30
84
-2
29,396
5,593
7,130
6,481
7,4%
7,083
7,435
7,036
7,842
940
226
247
160
145
158
348
239
195
30,336
7,030
23,306
5,819
1,257
4,562
7,377
1,646
5,731
6,641
1,522
5, 119
7,641
1,918
5,723
7,241
1,683
5,558
7,783
1,696
6,087
7,275
1,666
5,609
8,037
1,985
6,052
1,250
1,658
1,719
1,727
22,366
4,336
5,484
4,959
5,578
5,400
5,739
5,370
5,857
4,319
5,214
5,240
5,459
5,476
5,466
5,639
5,804
25,507
4,597
5,488
5,487
5,916
5,896
6,273
6,540
6,798
4,656
5,481
5,595
5,756
5,980
6,220
6,639
6,668
238
51
48
37
36
80
58
63
37
245
39
50
47
66
61
68
57
59
107
-15
21
-71
4,653
780
2,364
252
508
1,604
893
126
767
5,451 75,461 75,727
972 1,039 1,032
2,735 2,729 2,746
352
353
303
548
525
520
1,835 1,851 1,923
1,037 1,047 1,120
171
165
207
866
882
913
5,998
1,070
2,767
270
536
1,961
1,274
286
988
6,301
1,105
2,936
300
510
2,126
1,294
270
1,024
6,665
1,122
3,082
381
564
2,137
1,380
317
1,063
6,667
1,087
2,968
359
526
2,083
1,488
375
1,113
-50
-20
25,550 4,609 5,486 75,370 75,901 5,894 6,334 6,546 6,776
759
961 1,002 1,124 1,041 1,081 1,090 1,169
4,381
11, 713 2,373 2,794 2,694 2,743 2,735 2,996 3,059 2,923
319
359
301
249
389
352
235
375
1,309
542
502
517
568
501
517
547
538
2,128
8,276 1,591 1,881 1,833 1,925 1,918 2,176 2,128 2,054
990 1,086 1,206 1,218 1,247 1,391 1,568
5,424
841
272
224
172
315
258
135
398
140
1,243
982
903
975 1,133 1,170
818
951
4,181
701
1,542
1,255
32
255
2,523
1,964
170
389
320
266
5
49
395
329
6
60
376
307
4
65
451
353
17
81
536
421
27
88
629
500
33
96
627
492
39
96
731
551
71
109
309
255
5
49
373
308
6
59
410
341
4
65
449
353
17
79
527
410
27
90
594
467
33
94
680
544
39
97
739
558
73
108
1,343
1,509
316
346
319
362
364
381
379
385
307
334
339
360
360
372
401
385
4,788
3,673
1,018
1,544
844
1,382
1,180
1.092
433
968
969
1,317
1,231
1,271
1,174
878
787
834
23,508
26, 236
5,044
6,179
5,653
6,632
6,359
6,563
6,307
7,007
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
2,020
729
447
691
166
716
463
290
-23
209
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
Memorandum items:
30
31
Merchandise exports, adjusted, excluding those financed by U.S.
Government grants and capital
outflows8 (line 1 less line A. 28 of
table 5)
Balance on merchandise trade, adjusted, excluding exports financed
by U.S. Government grants and
capital outflows8 (line 29 less line
A 28 of table 5)
5. Consists mainly of Defense Department and other imports which duplicate in whole
^Preliminary.
N.A. Not available.
1. Exports and imports in the fourth quarter of 1964 and the first two quarters of 1965 were or in part purchases (e.g., of nuclear materials) included hi table 1, line 16 (Military expenditures). Also includes imports of domestically owned goods returned from storage abroad
distorted by the longshoremen's strike in the first quarter of 1965.
(e.g., gram from storage in Canada); imports from the Panama Canal Zone; and foreign
2. Consists mainly of exports of military equipment under Defense Department sales
charges for repair of U.S. vessels.
contracts with foreign governments to the extent that such exports are included in the Census
6. Includes imports of electrical energy; and imports of nonmonetary gold and silver,
data. Also includes exports of domestically owned goods into storage abroad (e.g., U.S.
and net purchases of gold by U.S. private residents from the U.S. monetary gold stock.
grain stored in Canada); exports to the Panama Canal Zone; and exports of exposed motion
7.
Reflects revisions made by the Bureau of the Census to correct for distortions in the
picture film for rental rather than sale.
monthly import totals originally reported for July to December 1965. These distortions
3. Includes exports of domestically owned goods out of storage abroad (e.g., U.S. gram
were caused by large irregularities in the monthly flow of documents transmitted by Customs
sold from storage in Canada); exports of electrical energy; exports of nonmonetary gold and
to the Census Bureau after the close-out date for processing a given month's statistics. The
silver, and net sales of gold by U.S. private residents to the U.S. monetary gold stock; peraccompanying commodity detail, lines 16-28, incorporate the Census Bureau's revisions
sonal remittances in kind (gift parcels sent through the mail); and transfers, financed
and, in addition, the special adjustments represented in line 14.
under nonmilitary aid programs, of goods to recipient countries from Defense Department
8. The entries in this line reflect only an approximate measure of merchandise exports
stocks located abroad.
not financed by Government grants and capital outflows since Government financing of
4. Includes valuation adjustments of goods considered to be underpriced or overpriced in
exports
may not coincide with actual shipments.
Census data; timing adjustments for goods recorded in the Census data in one period but
known to have been shipped in another period; and coverage adjustments for special situaSource:
U.S. Department of Commerce, Office of Business Economics.
tions in which shipments are omitted from the Census data.
*New seasonally adjusted export and import totals for 1965 and 1966 (see Census releases FT-900E and FT-900I, January 1967) are shown in this footnote, on lines 5 and 15. The new
totals, adjusted to a balance of payments basis, are shown in footnote lines 1,11, and 29. Revised seasonally adjusted data, computed from updated seasonal factors, will be incorporated
in table 4 and other regular balance of payments tables starting in the June SURVEY.
[Millions of dollars!
1965
1
5
11
15
99
22
Merchandise exports, adjusted
-Equals: Merchandise exports, Census basis, including
reexports excluding military grant shipments
Merchandise imports, adjusted
Equals: Merchandise imports, Census basis (general
imports)
Balance on merchandise trade adjusted
19<56
I
II
III
IV
I
II
III
IV
5,646
6,884
6,812
6,934
7,206
7,185
7,386
7,403
enrj
c nAn
R Q9rt
7 ftSQ
4,672
5,563
5,775
7
5, 478
4,666
974
5,456
1,406
5,425
1,249
5,737
1,159
5
Af.f)
OEQ
6,002
7
6,226
7
6,592
7 AQA
6,687
6,020
1,204
6,307
959
6,618
794
6,685
716
917
SURVEY OF CURRENT BUSINESS
March 1967
23
Table 5.—Major U.S. Government Transactions
[Millions of dollars]
1965
Line
19(55
1966 P
I
A. 1
la
2
3
4
5
Q
f
g
9
10
11
12
13
U.S. Government grants (excluding military) and capital outflows total (table 1, lines 29, 42,
and 43 with sign reversed)
Seasonally adjusted
By category:
Grants, net
,
Credits repayable in foreign currencies
Other foreign currency assets (excluding administrative cash holdings) , net
Receipts from—
Sales of agricultural commodities Interest
- •
Repayments of principal
Reverse grants
-Other sources .
Less disbursements for—Grants in the recipient's currency
Credits in the recipient's currency
Other grants and credits
Other U.S. Government expenditures _
_-.__
-
_
- -
-. _
Capital subscriptions to international and regional organizations, excluding IMF
Credits repayable in dollars . .
Other long-term assets, net
Other short-term assets (including changes in administrative cash holdings), net
18
19
20
21
22
By program:
Under farm product disposal programs ._
.
Under Fo reign Assistance Acts and related programs
Under Export-Import Bank Act
Capital subscriptions to international and regional organizations, excluding IMF
Other assistance programs
25
26
27
28
29
30
31
32
33
34
B. 1
la
2
3
4
5
6
_.
-_
__
Associated with military sales contracts 4
U.S. Government receipts from foreign governments (including principal repayments on credits financing military sales contracts), net of refunds
Plus sales contracts financed by U.S. Government credits 5 Gine A. 30) ..
Less U.S. Government receipts from principal repayments
Less transfers of goods and services (including transfers financed by credits) (table 1,
line 4)
IV'
989
1 141
1 117
1 032
1 097
1 080
1 166
r I 155
1 201
1 111
1 264
1 147
1 115
431
95
112
422
186
34
614
106
83
526
97
104
385
76
111
390
81
113
980
187
92
2
53
844
186
121
2
7
230
44
24
1
28
326
51
26
(*)
g
215
39
20
1
10
209
53
22
(*)
7
216
48
26
(*)
3
250
50
38
190
42
27
2
188
46
30
1
1
336
572
13
379
386
233
7
289
131
212
3
105
90
157
4
100
36
51
3
83
79
152
3
91
214
80
2
80
108
64
2
61
34
44
1
72
30
45
2
76
1,754
-100
2,183
392
487
405
470
468
551
10
545
-110
-30
20
-26
4
4
-12
-8
-14
20
22
1,475
2,196
1,401
2,220
314
516
349
296
368
430
272
331
1,915
510
94
577
148
570
112
539
178
564
143
(*}
()
l
505
268
I
619
155
47
38
31
39
36
41
592
233
10
31
332
314
96
85
69
82
77
89
71
77
379
-18
-16
289
-8
21
105
-3
-18
100
-3
2
83
-3
2
91
-9
-2
80
-8
-3
61
—1
-7
72
—5
15
76
6
16
3,874
2,944
752
571
1,071
853
856
678
890
666
903
717
1,103
802
953
666
915
759
288
111
16
23
28
42
38
24
48
24
9
38
87
30
113
20
79
23
g
-25
-34
-18
-64
—1
-12
-152
183
192
191
142
194
161
194
200
By disposition:^
Estimated transactions involving no direct dollar outflow from the United States
3,569
Expenditures on U.S. merchandise
2,768
Expenditures on U.S. services
_
._ _2 _ _
643
Military sales contractsfinancedby credits (including short-term, net) (line B .4) .
130
U.S. Government credits to repay prior U.S. Government credits 3.
113
U.S. Government credits to repay prior U.S. private credits
Increase in claims on U.S. Government associated with Government grants and
capital outflows (including changes in retained accounts) (line B. 7)
-85
Estimated dollar payments to foreign countries and international and regional
organizations through U.S. Government grants and capital outflows
708
Seasonally adjusted
1,047
IIP
510
202
60
155
U.S. Government liabilities associated with specific transactions (table 1, line .56); net
increase (+)
- - - -
1,263
II
I
437
256
532
Other foreign currency assets acquired Gines A.6, and A.7, A. 9)
Less foreign currencies used by U.S. Government other than for grants or credits (line
A 13)
Advances under Exchange Stabilization Fund agreements, net
Other (including changes in administrative caslTholdings) \ net .
_
935
IV
—124
739
14
_ .
4,623
III
360
245
1,800
14
15
16
17
23
24
4,277
-- - -
II
19 36
909
—100
760
-229
749
173
150
170
203
185
166
47
206
45
111
10S
5
-55
5
-45
78
21
300
51
130
-16
149
71
-46
69
206
954
288
34
242
16
7
342
28
11
182
38
37
332
48
15
262
9
2
130
87
3
178
113
7
384
79
22
204
59
314
1,098
130
70
150
559
265
—110
45
111
-55
103
-45
21
78
844
908
200
229
199
216
198
260
215
235
Associated with U.S. Government grants and capital outflows (line A 33)
Non-interest-bearing securities issued to IDA
Non-interest-bearing secuiities issued to ID B _
Non-interest-bearing securities issued to UN for special programs
Foreign funds retained in U.S. Government accounts for purchases in the United
States
Other .
. . ..
—85
-79
—229
-25
-21
—34
-20
-18
-18
-1
-15
—41
—2
5
(*)
-12
-19
-10
-10
10i
37
(*)
1
13
5
—14
—18
3
1
—64
-36
-8
-20
-152
—75
—8
-20
13
14
15
16
Associated with other specific transactions
Purchase of Columbia River downstream power rights
U.S. Government nonmilitarv sales and miscellaneous operations
Nonmarketable, nonconvertible U.S. Government securities to be liquidated against
U.S. claims
..
-25
—30
5
-12
—30
—4
2
6
—5
9
6
K
C. 1
Foreign holdings of nonmarketable, nonconvertible medium-term U.S. Government securities not associated with specific transactions (table 1, line 57); net increase (+)
Export-Import Bank Portfolio Certificates of Participation
U.S. Treasury securities not included elsewhere 6
*
._
7
8
9
10
11
12
2
3
' Revised.
» Preliminary.
*Less than $500,000 (±).
1. As reported by the operating agencies.
2. Consists of transfers of military goods and services financed by U.S. Government credits
and of advance payments to the Defense Department (on military sales contracts) financed
by credits extended to foreigners by U.S. Government agencies other than the Defense
Department.
3. Includes estimated net accumulations of foreign currency from principal repayments
recorded in line A. 7.
4. Estimates for the 14 quarters in fiscal years 1964-67 for the several categories of trans-
-150
1
_1
-28
—30
2
(*)
(*)
-11
(*)
-2
2
27
(*)
21
-2
2
-4
(•h
10
25
22
-7
—7
(*)
-49
—3
-46
1
—1
(*)
(*)
(*)
-6
—6
(*)
-53
-53
-26
-3
-23
-23
(*)
-23
-20
-121
-11
(*)
(*)
-33
-30
(*)
-3
(*>
53
53
actions related to military sales contracts—other than for cash receipts—in this and the other
tables are based upon incomplete reports.
5. Consists of transfers of military goods and services financed by U.S. Government credits
(included in line B. 6) and of increases in Defense Department liabilities (on military sales
contracts) which arise from advance payments to the Defense Department financed by credits
to foreigners by U.S. Government agencies other than the Defense Department.
6. Through the last period shown, all securities included here have been payable in foreign
currencies.
Source: U.S. Department of Commerce, Office of Business Economics.
SUKVEY OF CUEKENT BUSINESS
24
March 19€
Table 6.—Claims on Foreigners Reported by U.S. Banks and U.S. Private Residents Other Than Banks
[Millions of dollars]
19(35
1965
Line
I
II
19e>6
III
IV
I
II
III
Amount,
outstanding
Dec. 31,
1966
IVp
Claims reported by U.S. banks:
A.
1
Long-term (table 1 line 37 with sign reversed)
la
2
3
4
5
g
7
- --
19
—1
Canada
___
United Kingdom
Other Western Europe
Japan
Other countries
-
-108
-
U S -dollar loans
Canada
United Kingdom
Other Western Europe
Japan
Other countries
14
15
16
17
18
19
U S -dollar acceptance credits
Canada
United Kingdom
Other Western Europe
Japan
Other countries
20
21
22
23
24
25
U S "dollar collections outstanding
Canada
United Kingdom
Other Western Europe
Japan
- Other countries
26
27
28
29
30
31
Other claims in U S dollars
Canada
United Kingdom
Other Western Europe
Japan
Other countries
.
32
Foreign currency deposits and other claims
Canada
".. .I...
United Kingdom
Other Western Europe
Japan
-_ Other countries
35
36
37
1
2
3
4
5
6
7
7a
g
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
461
-201
41
-70
—127
_1
102
- 99
468
-169
58
—126
— 122
83
8A
156
-114
-8
-3
-1
—4
-62
-8
116
-9
—2
-72
-26
39
-16
(*)
-98
-11
—2
9
12
—32
52
7
g
116
—49
79
1 145
326
2 334
68
-23
-176
134
—145
—19
1
—33
—28
78
59
—119
207
37
8
140
42
234
229
383
7 776
-$1
-144
-51
-109
—IAS
91
20
i in
165
28
—15
80
-34
106
181
30
-17
61
6
101
-100
-41
-3
18
(*)
—22
-34
154
2
7
25
20
100
-104
32
—21
16
20
—24
41
193
45
14
15
15
132
3 136
—4
—20
—82
44
—11
—4
49
—5
15
-66
-7
8
64
-31
-4
-3
-7
67
-84
15
10
9
12
34
-50
-152
48
-5
3
31
—50
69
37
1
2
—7
29
12
—70
—3
_1
18
—59
—25
—208
—2
_1
16
2 442
49
1
-5
9
33
11
58
(*)
1
2
34
21
79
1
3
—2
35
42
15
—2
5
4
20
—12
33
2
—6
54
24
30
38
-54
(*)
(*)
-13
-24
-17
175
—3
g
37
29
104
7
-54
-89
10
27
-12
10
-94
-24
-63
4
-8
-3
-107
-89
3
-15
-2
-4
—92
-79
8
—7
-10
—4
—88
—50
-32
-72
-25
-33
-33
-329
15
306
-33
—17
-366
-120
-325
Seasonally adjusted
9
10
11
12
13
33
34
231
Seasonally adjusted
Short-term (table 1 line 38 with sign reversed)
7a
g
B.
1966
.. _ _
-120
-
-
- -
4
12
35
-84
-87
132
2
—1
-4
78
57
- --
-381
-242
-84
-18
-20
-17
.
-150
-113
-25
-23
-4
15
Claims reported by U.S. private residents other than banks:
Long-term (table 1 line 39 with sign reversed)
Canada
- ..
United Kingdom
Other Western Europe
Japan
Other countries
194
-61
-2
69
-29
217
-
--
--
Short-term (table 1, line 40, with sign reversed) .
-219
88
95
(*)
V;
3
14
-14
-13
-31
-28
-
Of which' Deposits and money market assets
U.S.-dollar claims reported by major U.S. corporations
. -- . Foreign currency claims
..
Canada
- - United Kingdom
Other Western Europe
Japan
Other countries -Memorandum items:
U.S.-dollar deposits in Canadian banks:
As reported by major U.S corporations other
than banks (included in line B.18)
As reported in Canadian banking statistics
* Preliminary.
"Less than $500,000 (±).
N.A. Not available.
-90
-10
-17
-33
50
-24
-27
-260
3
3
—1
-135
—22
-6
26
17
10
-1
-38
-13
-2
-50
29
—8
g
-12
15
— 13
—218
—3
(*)
(*)
(*)
( }
4
30
7
16
g
30
4
—28
13
27
24
5
1
—6
3
—64
—87
13
21
—9
—2
29
14
1
9
(*)
-6
—46
—40
—9
—4
3
4
—59
—47
25
4
—5
-16
45
—43
(*)
-33
-53
6
—9
30
_2
—17
—27
(*)
4
—10
2
23
—47
(*)
U
313
70
188
50
540
575
1 783
46
24
272
1 306
794
1 367
13
26
189
486
653
5
435
191
34
47
106
57
7
396
3
—7
165
59
—11
—3
—5
—1
2
93
29
50
A
91
116
—6
6
20
71
17
53
29
17
1 507
44
-26
(*)
9
64
33
—4
85
-3
5
13
-21
5
22
3
—1
1
9
59
3
—4
12
—1
7
12
45
—7
3
16
—2
7
12
—4
2
2
21
5
6
-4
-4
4
4
523
27
195
95
667
-436
267
-241
-188
-5
-2
174
27
66
-250
-268
-54
136
165
-5S
17
138
13
-201
-131
-71
13
-9
—S
-21
16
3
-4
1
15
-17
-70
2
25
(*)
26
174
-33
118
88
10
-9
34
-7
-16
54
-31
-19
5
66
-42
98
12
(*) 2
-24
24
-23
-40
35
14
38
Seasonally adjusted
Reported by brokerage concerns
Reported by others
- - -- Canada
^
United Kingdom
Other Western Europe
Japan
Other countries
7
-83
4 188
28
10
257
g
(*)
1
-2
4
—4
(*)
—1
(*)
2,708
128
2,580
498
561
619
169
733
-464
-444
-114
-241
-222
-529
N.A.
-203
-212
-30
-84
162
-36
59
-419
-117
1818
N.A
-146
-195
-SO
N.A
N.A
N.A
N.A
N.A
-41
-43
29
-65
N.A.
-1
-34
34
-16
—21
1
81
-22
-210
-136
94
68
N.A.
N.A.
N.A.
N.A.
N.A.
801
N.A.
N.A.
N.A.
N.A.
N.A.
N.A.
-87
-238
-144
-276
-24
-126
-33
-63
-20
-54
-10
5
231
627
-18
19
-12
-9
-502
-10
i•
j
-333
-606
230
104
5
32
35
-22
1
-33
-57
23
i
7
-13
-17
-73
-5
-5
(*)
-18
-13
-12
6
-138
53
6
g
(*)
-138
-225
21
-11
7'
-94
128
40
-23
83
-2
-3
4
N.A.
-22
N.A.
SURVEY OF CUERENT BUSINESS
March 1967
25
Table 7.—U.S. Liquid Liabilities to Foreigners
[Millions of dollars]
1965
1965
Line
1 Liquid liabilities to all foreigners (table 1, lines 58 and 59;
table 3 lines 8 through 12)
2
3
4
5
6
7
g
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
?A
25
26
_
_.
To foreign official agencies
Central banks and governments
Demand deposits
Time deposits 1
.
.
Other private
obligations, mainly money market
naner 1
U.S. Government obligations:
Short-term securities and other obligations
Payable in U.S. dollars
Payable in foreign-currencies
__
Bonds and notes marketable
Bonds and notes, nonmarketable, convertible
Payable in U.S. dollars
Payable in foreign currencies
-_
International Monetary Fund 2
To foreign commercial banks
_ _ _
Demand deposits
._
Time deposits 1
Other private obligations, mainly money market paper L.
U.S. Government short-term securities
To other foreign residents and unallocated
Demand deposits
__
Time deposits *
Other private obligations, mainly money market paper1..
U.S. Government obligations :
Short-term securities
Bonds and notes
To international
above
1966
I
II
1966
rv
III
I
II
Amounts
outstanding
Dec. 31,
1966
TV*
III
115
856
—657
-257
965
64
—376
81
617
534
29 840
—17
-1,574
—860
—107
253
697
—851
54
—618
—159
14 688
-51
-56
46
—1, 751
—860
—105
—107
671
—5
81
—982
—646
—106
—159
40
11
36
16
—122
—44
—103
13 677
1 677
2 660
224
-92
—45
—189
1 391
110
111
6 833
6 S16
g
860
256
26
2S1
-368
—S68
-20
123
142
-258
-353
-870
517
36
127
-55
245
-73
-16
51
137
—35
71
—228
370
—909
-909
-301
-SOI
249
249
593
59S
—434
—761
—58
29
— 108
— 122
60
161
S17
16
51
-15
-2
122
-19
-50
—5
6
—366
—176
—254
—226
122
-50
-366
-176
-226
8
26
131
12S
-245
-945
-186
-880
34
177
116
2,731
164
-206
697
-539
404
316
-86
-67
1,873
358
22
-74
-290
-376
26
558
22
483
167
17
298
-29
476
24
66
150
107
-49
225
-108
306
224
104
82
72
48
44
323
-63
228
10
90
-19
56
-17
74
70
103
1
-2
— 54
-20
-95
7
-5
40
-171
15
95
61
2
7
56
-1
92
and regional organizations not included
18
192
—i
—177
-126
-62
28
617
1,011
849
9,963
709
241
514
264
181
-49
134
78
73
-2
6,655
1,253
1,919
136
109
66
96
-47
4,283
-44
109
-4
54
5
50
-20
15
23
34
8
-64
1,511
1,822
333
6
1
-16
36
-19
-36
20
-2
-3
-41
-100
-22
-164
88
-3
1,162
41
89
528
906
—525
-65
-26
-57
27
28
Demand deposits
Time deposits 1
-23
-7
15
-62
-4
15
2
-30
4
12
-25
-4
13
14
-3
-65
3
-7
2
-4
56
139
29
Other private obligations, mainly money market paper i__
-48
-93
19
-12
4
-59
2
-61
1
-35
174
30
U.S. Government obligations:
Short-term securities.
Bonds and notes
-61
-151
42
-427
10
-105
13
-73
-11
129
-196
-8
212
31
-290
p Preliminary.
1. With maturity of 1 year or less; negotiable certificates of deposit with a maturity of 1 year
or less are included with money market paper.
2. Includes liabilities of U.S. monetary authorities for gold deposited by and held for IMF.
1
-4
-142
-43
-38
-355
-103
-123
-23
24
-44
-109
-64
325
Excludes dollar holdings of IMF except holdings acquired through gold sales to the United
States with the option to reverse the transactions. These reversible transactions amounted
to $200 million in 1956, $300 million in 1959, and $300 million in 1960.
SUEVEY OF CUEEENT BUSINESS
26
March 196'
Table 8.—U.S. Internationa]
[Millions of dollars]
United Kingdom
(Credits +; debits -)
Line
1965
1966
1965
.
I
1 Exports of tfoods and services
excluding transfers under military grants
2
3
4
5
6
_ _ _ _
M erchandise adjusted excluding military
Transfers under military sales contracts
Transfers under military grants, net
_
Transportation
--
-
7
8
9
10
Travel
- - Fees and royalties from direct investments
Other private services
Other U S Government services
11
12
13
Income on U.S. investments
abroad:
Direct investments2 -Other private assets
U S Government assets
14
-
-
-
- -
- -
Imports of goods and services
-
1966
II
III
IV
I
II
III'
IV 9
2,636
2,636
2,906
2,906
631
631
644
644
621
621
740
740
760
760
668
668
677
677
801
801
1,626
56
1,754
79
349
6
417
14
386
16
474
20
468
12
417
8
422
30
447
29
243
261
52
62
65
64
60
67
70
64
62
140
138
13
68
154
150
16
10
29
32
3
18
33
34
4
21
33
36
3
13
45
36
3
12
32
37
3
20
37
36
4
24
39
39
3
12
46
38
6
263
63
32
228
91
105
134
13
3
37
18
7
42
15
4
50
17
18
113
20
3
50
24
5
25
22
3
40
25
94
-2,513
-2,905
-504
-635
-668
-706
-630
-722
-766
-787
-1,410
-153
-410
-1,770
-145
-440
-273
-45
-84
-338
-36
-122
-365
-40
-112
-434
-32
-92
-379
-45
-92
-421
-33
-126
-452
-32
-125
-518
-35
-97
15
16
17
Merchandise adjusted excluding military
Military expenditures Transportation
18
19
20
Travel
Private payments for other services
U S Government payments for other services
-142
-152
-12
-165
-163
-15
-18
-38
-3
-42
-38
-60
-38
-4
-22
-38
-2
-17
-41
-3
-53
-41
-4
-70
-40
-3
-25
-41
-5
21
22
Income on foreign investments
in the United States:
Private payments 2
-- -U S Government payments
-192
-42
-157
-50
-38
-5
-48
-8
-36
-13
-70
-16
-37
-16
-30
-14
-33
-11
-57
-9
123
123
1
1
127
127
9
9
-47
-47
34
34
130
130
-54
-54
-89
-89
14
14
-55
-55
-10
-10
-11
-11
-13
-13
-13
-13
-11
-11
-13
-13
-16
-16
-15
-15
-6
-7
-9
-9
-7
-9
o
23
24
Balance on goods and services (lines 1 and 14)
Excluding transfers under military grants (lines 2 and 14)
25
26
Unilateral transfers net; transfers to foreigners ( — )
Excluding military grants
-47
-47
27
28
29
30
Private remittances
Military grants of goods and services
Other U S Government grants
U S Government pensions and other transfers
-31
-37
-16
(*)
-18
-4
-4
-4
-4
-4
-4
76
-54
117
-2
-60
21
119
-67
._
31
Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24
and 26).
32
Transactions in U S private assets, net; increase in assets ( — )
33
34
35
36
Direct investments 2
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities
37
38
Claims reported by U.S. banks:
Long-term
Short-term
39
40
Claims reported by U.S. residents other than banks:
Long-term
Short-term
41
- --
Loans and other long-term assets
Foreign currencies and other short-term assets
44
45
Repayments on credits:
Scheduled
Nonscheduled
47
48
49
50
- - -
-
Transactions in U.S. official reserve assets, net; increase in assets (— )
Golds
_ Convertible currencies
Gold tranche position in I1VEF '
Transactions in foreign assets in the United States, net; increase in foreign
assets (U.S. liabilities) (+).
54
55
Other liabilities reported by U.S. private residents other than banks:
Long-term
Short-term
60
10
-11
1
100
17
8
26
12
-- -
-
-52
-200
-100
7
10
-7
-6
-8
110
3
-23
4
-59
2
72
20
4
-223
21
-35
4
71
(*)
-16
1
-8
26
-59
4
15
4
16
-140
1
4
10
4
10
80
5
Errors and omissions, and transfers of funds between foreign areas, net;
receipts by foreign areas (— ).
-165
-69
-10
-5
-1
-81
-121
-17
-166
1
-6
—1
-39
12
19
6
8
4
-118
(*)
-46
2
-98
-2
39
3
2
-81
-29
49
-2
2
-86
-1
-30
1
-24
-1
6
5
(*)
(*)
74
-381
-40
-70
-544
109
365
-166
-612
32
-150
-395
-80
-301
76
-116
-30
-40
-132
-412
-64
173
19
346
7
-173
-126
-486
20
12
443
1,078
277
59
-252
485
(*)
315
278
-52
-520
-27
8
-82
31
1
-2
-25
-77
-230
-31
50
-228
-20
-26
-60
49
-8
-42
1
1
-46
62
26
-19
-1
-11
25
-31
13
32
73
28
2
-3
-1
_4
2
33
10
6
21
2
23
1
28
18
1
7
29
103
i
-2
16
3
12
13
46
-1
36
8
139
829
-205
1,123
313
95
291
46
473
5
-248
11
487
-5
-81
-262
489
51
228
255
-17
-378
58
404
171
-771
479
512
-237
(*)
U.S. Government marketable or convertible bonds and notes. _
Deposits and money market paper held in the United States
-163
-100
-12
-122
-5
-105
-10
-545
Liabilities of U.S. Government, excluding marketable or convertible
securities:
Associated with specific transactions
-60
-34
-68
20
-68
--
Direct investments 2
U S securities other than Treasury issues
Long-term liabilities reported bv U.S. banks
58
59
-352
-10
-
51
52
53
56
57
-567
-324
-80
Transactions in U.S. Government assets, excluding official reserve assets,
net; increase in assets (-).
42
43
46
--
-255
-11
(*)
359
(*)
(*)
SURVEY OF CUREENT BUSINESS
Slarch 1967
27
Transactions—by Area
[Millions of dollars]
Eastern Europe
Other Western Europe
1965
1966
1965
1966
I
II
III
"10,771
10,233
N.A.
10, 977
"2,352
2,205
"3,045
2,824
7,282
475
9 538
906
7,837
508
N.A.
968
1,537
136
v 147
184
1,965
137
" 221
240
IV
I
II
1965
III'
1965
1966
IV"
I
II
1966
I
IV
III
II
Line
III'
IV"
9 2,509 "2,865
2,782
£ 422
N.A.
2,777
N.A.
2,850
N.A.
2,568
N.A.
2,782
176
176
234
234
31
31
48
48
38
38
59
59
64
64
54
54
49
49
67
67
2,069
96
"83
239
2,064
125
N.A.
220
2,008
170
N.A.
240
1,792
78
N.A.
263
1,973
135
N.A.
245
147
(*)
201
(*)
26
(*)
42
(*)
25
(*)
54
57
46
(*)
37
61
6
8
1
2
2
1
31
83
78
21
1,711
106
"87
243
116
229
299
60
142
301
311
71
18
53
77
15
36
55
75
15
35
56
72
15
27
65
75
15
24
63
81
16
41
74
79
17
46
81
73
17
497
254
115
475
252
112
98
63
24
206
66
29
91
61
32
102
64
30
99
60
25
124
65
32
121
63
34
131
64
21
-8,719 -10,157
C)
(•)
(*)
(*)
12
1
12
1
2
8
3
9
1
3
(*)
(*)
(*)
3
(*)
(*)
3
3
1
(*)
1
6
(*)
2
2
(*)
(*)
3
3
1
(*)
I
1
1
2
(*)
2
(*)
3
(*)
3
(*)
1
1
1
6
1
2
3
4
5
6
7
8
9
10
11
12
13
(*)
-1,794
-2,370
-2,300
-2,255
-2,290
-2,556
-2,713
-2,598
-165
-206
-34
-39
-44
-48
-45
-49
-60
-52
14
-4,778
-1,303
-1,104
-5,867
-1,380
-1,208
-976
-314
-210
-1,283
-326
-337
-1, 177
-332
-311
-1,342
-331
-246
-1,380
-359
-246
-1,408
-348
-354
-1,459
-343
-343
-1,620
-330
-265
-138
-1
-7
-178
(*)
-8
-30
(*)
-2
-33
-1
-2
-33
(*)
-42
(*)
-2
-40
(*)
-2
-44
(*)
-2
-47
(*)
-2
-47
(*)
-2
15
16
17
-653
-103
-110
-688
-107
-113
-72
-28
-29
-203
-27
-27
-275
-24
-26
-103
-24
-28
-69
-27
-26
-212
-27
-29
-296
-26
-29
-111
-27
-29
-11
-12
(*)
-8
(*)
-8
-2
(*)
-2
-1
(*)
-2
cT-21
-8
(*)
-3
-2
(*)
18
19
20
-425
-243
-518
-276
-100
-65
-107
-60
-98
-57
-120
-61
-120
-63
-114
-64
-146
-71
-138
-78
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
8
(*)
(*)
21
22
* 2,052
1,514
N.A.
820
'558
411
"675
454
"209
122
"610
527
N.A.
487
N.A.
294
N.A.
-145
N.A.
184
11
11
28
28
-3
-3
9
9
-6
-6
11
11
19
19
5
5
-11
-11
15
15
23
24
'-978
-440
N.A.
-383
"-232
-85
"-376
-155
"-179
-82
"-191
-108
N.A.
-89
N.A.
-88
N.A.
-117
N.A.
-89
-18
-18
-13
-13
-4
-4
-5
-5
-5
-5
-4
-4
-3
-3
-4
-4
-3
-3
-3
-3
25
26
-170
"-538
-76
-194
-170
N.A.
-39
-174
-40
'-147
-13
-32
-41
"-221
-23
-91
-41
"-87
-14
-37
-48
"-83
-26
-34
-39
N.A.
-16
-34
-42
N.A.
-12
-34
-42
N.A.
-5
-70
-47
N.A.
-6
-8
-8
-2
-2
-2
-2
-2
-2
-6
-1
-1
-2
-2
-1
°i
27
28
29
30
1,074
437
326
299
30
419
398
206
-262
95
-7
15
-7
4
-11
7
16
1
-14
12
31
-4
8
-2
-1
-3
2
-1
-2
13
-2
32
(
1 ('t
8
8 8
*!8
(*)
-2
-2
-2
-1
(*)
(*;
-957
-1,183
-651
-92
33
-247
-133
-449
-79
-522
-1,108
-15
35
110
-1, 321
-3
37
119
-477
-9
4
16
-291
-2
9
42
-93
-175
-552
5
26
-425
—3
10
39
-169
7
44
-247
-4
15
8
7
45
15
9
108
-59
366
-182
-140
-62
114
49
62
14
72
-60
98
13
33
-72
119
-62
116
-61
8
-12
-85
-114
-5
22
4
-17
2
-3
-1
-30
-12
-88
-45
14
-7
-12
-21
-28
(*)
(*)
186
-40
-79
141
11
-68
-76
183
147
19
20
7
3
-436
120
-420
31
-109
46
-159
31
-87
5
-81
38
-114
9
-129
-1
-89
8
-88
15
5
3
3
2
162
187
165
410
22
1
49
44
179
47
7
36
1
53
1
48
216
28
192
14
17
4
1
1,498
502
809
329
207
153
28
223
377
-126
46
1,449
49
739
-237
726
83
364
-35
214
-7
145
8
155
-127
213
10
299
78
72
-198
47
48
49
-998
1,145
-905
-395
-118
420
-729
840
541
493
38
8
-18
24
393
16
24
22
4
26
-64
9
-1
-10
-11
60
-24
12
92
1
9
270
10
-18
42
2
21
-11
3
(*)
\
-2
44
1
12
1
14
12
3
58
\
50
20
<*)
(*)
142
-5
26
-53
-73
-24
12
-23
168
53
-69
312
-371
-448
-167
754
-225
703
-756
504
-744
-760
^
33
(
81
65
126
292
-6
133
-47
46
111
-1
70
-1,463
-816
1,251
21
-1,033
-7
-511
-7
(*)
125
-231
-650
-1,087
461
-62
-293
(*)
(*)
(
(*)
(*)
-7
15
(*)
(*)
13
(*)
^
2
-5
(*)
(*)
4
12
(*)
(*)
2
-3
(*)
2
-1
(*)
(*)
(*)
(*)
(*)
-53
242
(*)
13
(*)
13
4
-87
-21
-55
-2
(
*12
-3
1
1
3
-5
(*)
(*)
(*)
1
-2
1
-1
2
(*)
-3
(*)
(*)
8
1
6
-4
14
(*)
-3
1
8
6
(*)
6
(*)
11
i
o
(*)
6
w
11
1
-5
^
(*)
.
-4
-16
-16
2
41
1
42
43
1
44
45
9
7
(*)
(*)
P)
(*)
1
4
1
(*)
50
51
52
53
54
55
(*)
56
57
(*)
r)
37
38
39
40
3
2
—3
(*)
33
34
35
36
l
-1
(<)
7
-17
9
58
59
-21
60
0
SURVEY OF CURKENT BUSINESS
28
March 19<
Table 8.—U.S. Internation
[Millions of dollars]
Canada
(Credits +; debits -)
Line
1965
3
7
8
9
10
14
2,153
2,153
2,439
2,439
Merchandise adjusted excluding military
Transfers under military sales contracts
Transfers under military grants, net
5,474
60
6,538
39
1,181
11
1,442
29
1,295
13
1,556
7
1,488
12
1,776
13
1,536
8
1,738
6
148
158
30
38
40
40
35
40
42
41
Fees and royalties from direct investments
Other private services
Other U S Government services
491
185
92
7
589
211
131
6
105
40
23
1
145
40
22
2
151
50
24
2
90
55
23
2
120
43
32
1
164
44
33
1
200
64
33
2
105
60
33
2
692
445
(*)
755
528
(')
145
103
(*)
142
120
135
100
270
122
157
115
147
142
143
125
(*)
308
146
(*)
-
Other private assets
U S Government assets
Imports of goods and services
-
23
24
Balance on goods and services (lines 1 and 14)
Excluding transfers under military grants (lines 2 and 14)
25
26
Unilateral transfers net; transfers to foreigners (— )
Excluding military grants
27
28
29
30
Private remittances
Military grants of goods and services
Other U S Government grants
U S Government pensions and other transfers
.
-
-7,520
-1,270
-1,519
-1,736
-1,628
-1,537
-1,859
-2,085
-2,039
-4,832
-172
-154
-6,032
-207
-153
-1,055
-42
-32
-1,211
-48
-38
-1,233
-43
-43
-1,333
-39
-41
-1,299
-43
-32
-1,513
-53
-39
-1,509
-56
-41
-1, 711
-55
-41
-600
-60
-15
-686
-93
-23
-50
-17
-3
-130
-15
-4
-325
-14
-3
-95
-14
-5
-55
-23
-5
-152
-23
-5
-372
-23
-6
-107
-24
-7
-249
-71
-250
-76
-54
-17
-56
-17
-57
-18
-82
-19
-60
-20
-55
-19
-59
-19
-76
-18
1,441
1,441
1,435
1,435
369
369
461
461
74
74
537
537
466
466
501
501
68
68
400
400
-34
-34
-36
-36
-7
-7
-9
-9
-9
-9
-9
-9
-9
-9
-8
-8
-9
-9
-10
-10
-5
-5
-2
-1
-2
-1
-1
-1
-2
-29
-31
-7
-7
-8
-7
g
-7
-8
-8
1,407
1,399
362
452
65
528
457
493
59
390
(*)
-1,408
-62
34
-236
-297
-484
-261
-190
-473
-895
-709
108
147
-1,071
-884
268
114
-241
-98
37
46
-146
-235
24
89
-185
-195
17
-2
-323
-181
30
14
-208
-413
85
-16
-169
-233
98
25
-304
-108
50
68
-390
-130
35
37
Claims reported by U.S. banks:
Long-term
Short-term
-19
410
33
54
-37
22
8
174
1
129
9
85
16
22
19
4
-9
87
7
-59
Claims reported by U.S. residents other than banks:
Long-term
Short-term
-44
441
-33
111
-13
222
-6
126
-22
21
-3
72
-3
33
-12
7
-16
42
-2
29
(*)
1
1
-4
1
2
-2
3
-1
1
(*)
1
1
-4
1
2
-2
3
-1
1
-3
-202
-25
19
6
-3
-97
-50
-68
13
-25
19
6
-3
-100
3
-50
-3
-200
-2
-50
-18
-361
28
-311
-157
379
-162
-22
-47
259
21
43
-49
232
63
14
-53
30
-18
-6
(*)
29
5
28
26
25
101
-138
46
36
59
37
38
39
40
Transactions in U.S. Government assets, excluding official reserve assets,
net; increase in assets (-).
Loans and other long-term assets
Foreign currencies and other short-term assets
Repayments on credits:
Nonscheduled
Transactions in U.S. official reserve assets, net; increase in assets (-)
Golds
Convertible currencies
Gold tranche position in IMF
--3
Transactions in foreign assets in the United States, net; increase in foreign
assets (U.S. liabilities) (+).
51
52
53
Direct investments 2
U S securities other than Treasury issues
Long-term liabilities reported by U S banks
54
55
Other liabilities reported by U.S. private residents other than banks:
Long-term
Short-term
56
57
58
59
60
-6,153
-561
Direct investments 2
Foreign securities newly issued in the United States
Redemptions
Other transactions i n foreign securities
_ _ _
50
- --
Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24
and 26).
Transactions in U S private assets, net ; increase in assets ( — )
_
33
34
35
36
47
48
49
IV*
2,360
2,360
Income on foreign investments in the United States:
Private payments *
- U S Government payments
46
III'
2,003
2,003
21
22
44
45
II
2,165
2,165
Travel
Private payments for other services
U S Government payments for other services
42
43
I
1,810
1,810
18
19
20
41
IV
1,980
1,980
Merchandise adjusted excluding military
Military expenditures
Transportation
-
32
III
1,639
1,639
15
16
17
31
II
8,955
8,955
_
Income on U.S. investments abroad:
11
12
13
I
1966
7,594
7,594
1 Exports of goods and services
*" Excluding transfers under military grunts
2
4
5
6
1965
1966
(*)
-272
13
(*)
-3
4
1
21
-18
55
€
—i
-2
7
1
3
-4
13
-4
26
-11
4
Liabilities of U.S. Government, excluding marketable or convertible
securities:
Associated with specific transactions
Other nonmarketable, nonconvertible, medium-term securities
-23
(*)
-12
-1
26
-13
(*)
-5
-31
(*)
21
U S Government marketable or convertible bonds and notes
Deposits and money market paper held in the United States
-14
-410
-110
-69
45
-463
-8
-7.18
-9
413
-42
-242
7
-266
-6
-1
j
-137
6
20
-126
314
-482
182
35
-215
42
288
-163
247
-190
Errors and omissions and transfers of funds between foreign areas, net
receipts by foreign areas (— ).
-344
(*)
21
-25
SURVEY OF CURRENT BUSINESS
:arch 1967
ransactions—by Area—Continued
29
[Millions of dollars]
r
]^atin Amiirican Re]publics an d other "ft estern H jmisphere
1965
19 56
19 65
1966
Jap an
I
II
III
IV
I
II
19 55
1966
1965
IV"
III'
I
19 56
III
II
IV
I
II
Line
IV"
III*
"6,928
6,869
N.A.
7,588
v 1,500
1,483
"1,808
1,787
" 1,703
1,696
P 1,917
1,903
N.A.
1,740
N.A.
1,907
N.A.
1,880
N.A.
2,061
2,692
2,692
2,982
2,982
641
641
667
667
661
661
723
723
686
686
723
723
738
738
835
835
1
2
4,237
31
"59
337
4,721
21
NA
373
879
2
p 17
73
1,113
8
"21
86
1,040
5
»7
87
1,205
16
"14
91
1,119
5
N.A.
85
1,150
N.A.
97
1,175
6
N.A.
96
1,277
6
N.A.
95
2,051
31
2,340
25
487
6
495
17
500
4
569
4
526
6
558
11
582
2
674
6
148
159
34
39
38
37
39
40
41
39
3
4
5
6
448
171
183
67
505
185
189
71
85
35
44
18
114
36
46
16
130
46
46
15
119
54
47
18
100
41
46
18
131
42
48
18
147
44
47
16
127
58
48
19
26
20
113
12
33
25
116
9
4
4
28
2
8
6
28
2
8
5
28
6
6
5
29
2
6
6
30
1
9
7
29
2
10
6
28
3
8
6
29
3
7
8
9
10
1,014
257
124
1,100
305
118
263
61
23
264
68
36
239
60
28
248
68
37
235
67
24
300
79
38
255
74
20
310
85
36
50
209
32
45
203
27
11
55
10
13
52
7
11
52
9
15
50
6
10
53
9
9
51
7
10
51
5
16
48
6
11
12
13
-5,880
-6,325
-1,425
-1,481
-1,424
-1,550
-1,623
-1,534
-1,580
-1,588 -3,082 -3,807
-622
-767
-858
-835
-829
-925 -1,062
-991
14
-4,355
-162
-262
-4, 690
-149
-275
-1,027
-42
-61
-1, 124
-40
-69
-1,039
-41
-65
-1, 165
-39
-67
-1, 205
-40
-63
-1, 137
-40
-71
-1,161
-36
-74
-1, 187 -2,427 -2,967
-33
-323
-451
-170
-67
-154
-481
-72
-35
-603
-80
-39
-695
-76
-40
-648
-95
-40
-644
-99
-42
-724
-103
-40
-842
-118
-44
-757
-131
-44
15
16
17
-700
-57
-123
-848
-54
-138
-220
-16
-28
-180
-13
-25
-198
-14
-34
-192
-14
-36
-228
-13
-35
-202
-13
-29
-211
-14
-39
-207
-14
-35
-60
-6
-14
-68
-8
-15
-8
-1
-4
-16
-1
-4
-19
-2
-3
-17
-2
-3
-9
-2
-3
-18
-2
-4
-21
-2
-4
-20
-2
-4
18
19
20
-121
-10
-158
-13
-28
-3
-28
-2
-31
—2
-34
-3
-35
-4
-38
-4
-42
-3
-43
-2
-73
-25
-97
-31
-14
-7
-18
-6
-18
-5
-23
-7
-22
-8
-26
-8
-24
-7
-25
-8
21
22
" 1,048
989
N.A.
1,263
"75
58
"327
306
"279
272
"367
353
N.A.
117
N.A.
373
N.A.
300
N.A.
473
-390
-390
-825
-825
19
19
-100
-100
-197
-197
-112
-112
-143
-143
-202
-202
-324
-324
-156
-156
23
24
v -548
JQA
N.A.
t jn
" -118
1 A|
"-160
1«m
> -152
"-118
in/1
N.A.
N.A.
f nn
N.A.
N.A.
In*
-30
-32
-8
-7
-7
-8
-7
-8
-8
-9
25
1A1
-130
"-59
-331
-28
-119
N.A.
-291
-33
-32
j, -17
-61
-8
-33
* -21
-100
-6
-31
p -7
-106
-8
-34
"-14
-64
-6
-28
N.A.
-86
-8
-27
N.A.
-66
-8
-33
N.A.
-62
-8
-22
-22
-6
-5
-5
-6
-5
-5
-5
-7
(*)
-8
(*)
-10
(*)
-2
(*)
-2
(*)
-2
(*)
-2
C
'i2
(*)
-3
-3
27
28
29
30
500
820
-43
167
127
249
251
199
370
-420
-857
11
—107
-204
-120
-150
-210
-332
-165
31
-388
-535
-126
7
54
-323
69
-176
-140
-288
-12
360
-97
-45
131
-1
-21
103
246
32
32
-260
-37
11
-13
-228
—59
19
-3
-73
—5
2
-2
-90
—11
1
-3
21
—6
2
-2
-118
—15
6
-6
-53
—18
9
3
-79
—14
1
-14
-56
—14
2
1
-40
—13
7
7
-21
—52
7
7
-36
—5
5
12
-16
-8
-3
3
1
1
-25
—5
4
6
3
4
2
-5
—17
(*)
(*)
-11
2
3
8
—35
1
2
2
33
34
35
36
-20
-54
-51
-196
-131
40
80
23
4
35
27
-152
31
95
-42
-22
(*)
-82
-40
-187
-15
59
120
266
-42
-51
-7
-19
8
125
26
4
11
-15
28
50
32
246
49
-15
37
38
-48
33
-1
-16
-5
48
-4
11
6
-6
-45
-20
-3
5
—7
1
10
-1
-1
-21
-9
12
3
-5
8
-1
-4
9
-4
4
-9
(*)
1
-10
7
19
-12
(*)
7
-14
39
40
-335
-382
-111
-64
-42
-118
-79
-94
-136
-73
62
-48
18
14
24
6
4
-4
-5
-43
41
-630
72
-679
30
-186
21
-147
15
-112
23
-185
13
-156
10
-178
18
-199
-146
2
-24
5
-111
-2
-3
-12
-4
10
-7
5
-10
2
-15
3
-27
-3
-51
(*)
42
43
211
12
250
17
54
64
4
43
4
50
4
65
2
61
5
53
10
71
67
14
65
25
8
7
1
26
9
5
8
25
8
44
45
(*)
•J AK
117
-31
N.A.
-77
-9
OA
19
-18
-2
24
("*)
9fi
-17
44
8
-58
4
29
1
4
36
3
56
56
46
-17
44
8
-58
4
29
1
4
36
3
56
56
47
48
49
476
-31
167
65
15
229
53
30
-136
22
292
-138
103
-9
31
-14
39
13
63
186
3
-5
-2
2
1
63
7
8
12
42
-13
26
125
-2
14
-9
20
11
28
33
1
2
-14
5
188
-1
-29
19
-3
7
11
1
1
7
-1
-4
1
-1
4
(*)
-3
-9
(*)
-7
25
(*)
-9
6
-141
-5
11
-1
422
(*)
-177
4
181
-2
-17
49
-3
209
-236
84
105
-117
-158
-66
(*)
(*)
(*)
(*)
(*)
U
(*)
U
7
(*)
1
17
-3
-3
-126
1
4
2
-6
-2
-100
-1
-142
1
71
4
247
-44
-15
177
-34
78
(*)
1
(*)
(*)
110
88
-55
-27
-100
44
50
5
18
(*)
(*)
o
1
-10
1
48
-8
2
61
6
1
79
51
52
53
(*)
-4
4
54
55
(*)
(*)
(*)
9
-2
4
-5
10
-11
3
-1
-2
4
4
-2
56
57
(*)
-316
4
96
(*)
-20
(*)
104
(*)
67
(*)
-47
(*)
-70
(*)
-155
(*)
-44
627
-35
147
-61
27
166
138
191
132
58
59
60
-5
SUKVEY OF CURRENT BUSINESS
30
March 196
Table 8.—U.S. Internationa
[Millions of dollars]
Australia, New Zealand, and South Africa
(Credits-M debuts—)
Line
1965
1965
I
1 Exports of goods and services Excluding transfers under military grants
2
3
4
5
6
- :
Merchandise adjusted excluding military
Transfers under military sales contracts
Transfers under military grants, net
_-~_
Transportation
.-
7
8
9
10
Travel
Fees and royalties from direct investments
Other private services
Other U 8 Government services
11
12
13
Income on U.S. investments
abroad:
Direct investments 2
Other private assets
U S Government assets •
14
__
18
19
20
Travel
Private payments for other services
_ - _
U.S. Government payments for other services
21
22
Income on foreign investments
in the United States:
Private payments 2
U S Government payments
-
_ ,.
_
23
24
Balance on goods and services (lines 1 and 14) _ _ _
Excluding transfers under military grants (lines 2 and 14)
25
26
Unilateral transfers, net ; transfers to foreigners ( — )
Excluding military grants -
27
28
29
30
Private remittances
- -Military grants of goods and services
Other U S Government grants
U.S. Government pensions and other transfers -
-
Balance on goods, services, and unilateral transfers (lines 23 and 25, or
24 and 26).
32
Transactions in U.S. private assets, net; increase in assets (— )
33
34
35
36
Direct investments 2
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities
-
37
38
Claims reported by U.S. banks:
Long-term
Short-term
39
40
Claims reported by U.S. residents other than banks:
Long-term
_ _ _
Short-term
_ -.
41
_ _
Transactions in U.S. Government assets, excluding official reserve assets,
net; increase in assets (— ).
42
43
Loans and other long-term assets
Foreign currencies and other short-term assets
44
45
Repayments on credits:
Scheduled
N onsch eduled
46
47
48
49
50
-
-
-
401
401
432
432
459
459
1,261
96
1,151
66
274
9
352
8
366
43
269
36
275
4
272
13
302
23
302
26
69
73
15
18
19
17
18
17
21
17
27
59
67
1
33
69
78
4
13
17
8
12
18
9
14
16
6
20
16
1
5
18
20
10
14
20
11
16
18
7
21
20
(*)
(*)
(*)
144
47
(*)
39
8
1
(*)
41
10
23
8
(*)
(*)
36
12
20
9
(*)
(*)
42
13
31
10
(*)
(*)
(*)
(*)
(*)
(*)
51
15
(*)
-804
-995
-178
-190
-222
-214
-213
-268
-277
-237
-635
-57
-61
-809
-58
-67
-137
-13
-15
-144
-17
-16
-180
-15
-15
-174
-12
-15
-168
-13
-16
-219
-18
-17
-232
-14
-17
-190
-13
-17
-20•<
-18
-24
-6
-1
-3
-4
-5
-5
-7
-5
-6
-6
-23
-6
-4
-5
-6
-6
-4
-7
-8
-4
-8
-6
-2
-1
-2
-1
-2
954
954
666
666
202
202
-13
-13
-15
-15
-11
-9
(*)
-2
-1
-2
-1
-2
-1
-2
-2
-2
-2
277
277
^
276
276
199
199
156
156
133
133
155
155
222
222
-3
-3
-3
-3
-3
-3
-4
-4
-4
-4
-4
-4
-4
-4
-3
-3
-2
-2
-2
-3
-3
-3
-3
-2
-1
-1
-1
152
129
151
219
-25
-73
(*)
-1
-1
-1
-1
651
199
274
273
195
-319
-294
-90
-62
-51
-94
-102
-171
-63
-80
-22
-6
3
3
4
-19
4
1
5
-23
-49
-1
3
-8
-70
16
-38
-159
—1
24
-5
4
-3
3
2
14
4
-97
-17
-127
-16
-36
8
-2
-10
-38
-10
-21
-5
-32
-8
-33
(*)
-29
10
-33
-18
-1
-11
3
-13
-2
-3
^
-8
-1
4
3
-1
2
5
-5
-1
-10
-11
-44
4
2
3
-20
2
1
-25
-22
-64
(*)
-52
(*)
-32
(*)
-32
(*)
-26
(*)
-26
(*)
50
3
8
35
9
3
2
1
1
4
44
23
35
8
13
1
c*)"21
-1
(*)
9
-1
(*)
-1
1
3
-1
-3
-1
9
(*)
(*)
941
-116
(*)
(*)
4
2
8
8
8
8
(*)
(*)
-40
(*)
3
Transactions in foreign assets in the United States, net; increase in foreign
assets (U.S. liabilities) (+).
Direct investments 2
U.S. securities other than Treasury issues
Long-term liabilities reported by U S banks
54
55
Other liabilities reported by U.S. private residents other than banks:
Long-term
_
_
Short-term
-
56
57
Liabilities of U.S. Government, excluding marketable or convertible
securities:
Associated with specific transactions
Other nonmarketable nonconvertible medium-term securities
58
59
U.S Government marketable or convertible bonds and notes
Deposits and money market paper held in the United States
-
_
-
--
.
...
Errors and omissions, and transfers of funds between foreign areas, net;
receipts by foreign areas (— ).
54
79
-2
1
-4
1
18
3
-5
-1
28
-32
27
(*)
(*)
89
-673
'Revised.
^Preliminary.
N.A.—Not available. *Less than $500,000 (±).
1. Includes transactions with shipping companies operating under the flags of Honduras,
Liberia, and Panama.
2. Excludes undistributed profits of subsidiaries.
IV
369
369
-
51
52
53
60
IIP
413
413
Transactions in U S official reserve assets, net; increase in assets ( — )
Gold3
Convertible currencies
Gold tranche position in IMF
II
498
498
-4
31
I
467
467
139
38
1
Merchandise adjusted, excluding military
Military expenditures
Transportation
IV
380
380
--
Imports of goods and services
III
1,661
1,661
-
15
16
17
II
1,758
1,758
•
-- -
1966
1966
(*)
10
-392
39
14
(*)
(*)
(*)
1
(*)
6
(*)
13
-127
(*)
(*)
(*)
(*)
3
4
-11
13
-41
23
5
(*)
-4
-43
-199
-179
-2
(*)
(*)
48
-168
(*)
16
-83
-2
15
32
-1
25
(*)
-42
(*)
-63
-109
-137
(*)
11
3. Reflects $259 million payment of gold portion of increased U.S. subscription to the IMF
in the second quarter of 1965.
Source: U.S. Department of Commerce, Office of Business Economics.
SUKVEY OF CURRENT BUSINESS
larch 1967
.Vansactions—by Area—Continued
[Mffllons of dollars]
International Institutions and Unallocated1
Other Countries in Asia and Africa
1966
1965
1965
31
I
II
III
IV
I
III'
II
1965
1965
1966
1966
1966
I
IV"
II
III
IV
I
II
III'
"7,672
6,641
N.A.
7,226
" 1,712
1,504
"2,286
1,863
P 1,767
1,589
"1,907
1,685
N.A.
1,720
N.A.
1,777
N.A.
1,807
N.A.
1,922
4,198
95
v 1,031
383
4,638
170
N.A.
39 1
882
30
"208
84
1,206
16
"423
107
1,008
12
"178
92
1,102
37
"222
100
1,079
34
N.A.
91
1,138
41
N.A.
93
1,127
68
N.A.
108
1,294
27
N.A.
102
175
191
35
46
45
49
45
49
42
95
155
123
47
96
176
146
6
27
39
29
11
20
38
32
16
18
39
31
9
30
39
31
7
24
42
33
13
22
45
39
17
20
44
35
10
30
45
39
10
93
10
106
1
23
4
23
2
23
3
24
2
25
1,237
114
199
1,207
129
223
335
29
43
352
26
55
300
31
42
250
28
59
326
33
51
300
29
57
302
35
51
279
32
64
69
46
1
24
49
1
11
12
1
5
9
8
15
45
10
5
16
1
-4,049
-4,941
-849
-1,025
-1,069
-1,106
-1,142
-1,235
-1,303
-1,261
-671
-758
-133
-157
-200
-181
-2, 795
-710
-149
-3,054
-1,259
-164
-597
-136
-33
-721
-153
-42
-736
-198
-37
-741
-223
-37
-747
-255
-38
-765
-304
-40
-809
-335
-44
-733
-365
-42
-118
(*)
-390
-140
-21
-29
-37
-418
-87
-31
(*)
-101
-98
-124
-5
-180
-132
-5
-200
-24
-1
-39
-43
-1
-45
-29
-1
-46
-28
-2
-50
-26
-2
-48
-42
-1
-53
-32
-1
-48
-32
-1
-51
(*)
-66
(*)
-99
(*)
-1
-65
-21
-93
-34
-14
-5
-15
-5
-17
-5
-19
-6
-19
-7
-22
-8
-25
-9
-27
-10
-25
-72
-30
-71
-5
-19
" 3,623
2,592
N.A.
2,285
"863
655
" 1,261
838
"698
520
"801
579
N.A.
578
N.A.
542
N.A.
504
N.A.
661
-277
-277
-377
-377
"-2,663
-1,632
N.A.
-1,857
" -638
-430
" -856
-433
" -548
-370
" -621
-399
N.A.
-590
N.A.
-495
N.A.
-374
N.A.
-398
-91
-91
-73
-73
-255
-250
N.A.
"-1, 031
-1,
513
-1,299
-89
-83
-65
"-208
-347
-18
-61
" -423
-351
-21
-60
" -178
-288
-22
-64
" -222
-313
-22
-67
N.A.
-501
-22
-64
N.A.
-409
-22
-58
N.A.
-294
-22
-66
N.A.
-309
-23
-3
-2
-88
(*)
-71
(*)
225
405
150
180
-12
47
130
263
-368
-309
-180
-184
-9
-266
-43
-20
960
428
-999
-338
-326
394
394
381
381
83
83
Line
IV"
95
95
1
2
49
48
4
5
6
3
27
2
27
3
27
7
8
9
10
7
9
4
15
8
9
11
12
13
-173
-173
-217
-195
14
-34
-42
-29
-35
-104
-99
-106
-103
-110
15
16
17
-49
-15
-14
-1
(*)
-59
(*)
-25
18
19
20
-6
-18
-7
-17
-7
-18
-7
-19
-7
-17
-8
-18
-8
-17
21
22
-50
-50
-70
-70
-107
-107
-50
-50
-79
-79
-78
-78
-120
-120
-100
-100
23
24
-15
-15
-34
-34
-22
-22
-20
-20
-20
-20
-18
-18
-20
-20
-15
-15
25
26
(*)
(*)
-1
-2
(*)
(*)
-2
-15
(*)
-34
(*)
-21
(*)
-18
-20
0
-18
(*)
-20
(*)
-13
27
28
29
30
-450
-65
-104
-129
-70
-99
-96
-140
-115
31
-195
46
-203
58
2
-52
11
47
-45
33
32
40
-15
7
6
-43
-179
29
-2
57
-80
28
41
-32
-160
4
-15
44
13
-19
4
4
-68
-9
28
12
4
7
13
5
14
-7
-62
5
19
45
-18
11
-5
33
34
35
36
(*)
(*)
(*)
87
87
93
93
(*)
131
131
(*)
94
94
95
95
97
97
3
(*)
(*)
-549
-134
16
5
-253
-63
24
7
-178
-30
3
-2
-259
-46
4
7
-111
-16
4
-4
-1
-42
5
4
-18
-23
9
2
-266
-15
4
10
—9
-10
4
-11
-197
-102
-22
-17
-69
-41
3
-13
-85
31
-46
-79
2
20
-2
18
-19
-3
-3
-52
(*)
(*)
8
(*)
(*)
(*)
(*)
(*)
(*)
8
(*)
(*)
(*)
37
38
-15
-23
-7
-7
2
-11
1
-6
-1
2
-17
-8
-3
2
-1
-14
-5
10
2
—5
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
(*)
39
40
-1,373
-1, 159
-221
-469
-366
-317
-167
-306
-350
-336
-1, 339
-202
-1, 041
-329
-350
87
-379
-128
-262
-154
-348
-7
-286
72
-240
-112
-260
-136
-255
-153
163
5
210
1
41
1
38
50
34
4
46
72
(*)
47
45
1
<*)
4
4
(*)
2
2
(*)
(*)
4
9
5
4
2
41
2
2
42
43
(*)
2
2
2
44
45
32
49
1
24
9
-2
34
11
13
-9
249
500
89
-176
351
-15
37
46
336
81
46
32
49
1
24
9
-2
34
11
13
-9
343
-37
21
290
21
11
-97
24
1
35
-94
537
68
-466
330
-26
134
22
335
46
47
48
49
458
935
221
42
70
125
186
293
271
185
-68
-84
98
-29
-64
-73
117
-97
1
-105
50
-2
11
5
2
5
-4
(*)
10
103
-1
-3
27
2
-4
232
21
208
251
124
2
177
7
5
7
31
74
4
142
94
28
13
7
13
51
52
53
3
8
-1
10
(*)
5
3
-13
-5
6
34
i
-1
14
28
20
-1
1
18
367
2
20
3
-10
(*)
28
-1
61
(>)
4
-2
(<)
-i
8
(*)
(<)
3
-5
8
(*)
-2
392
-1
496
(*)
225
922
85
100
15
5
(*)
-11
(*)
(*)
54
55
(*)
(*)
(*)
(*)
0
(*)
C)
(')
(*)
30
-97
-116
-21
-16
-42
-18
-56
(*)
-29
-31
56
57
(*)
39
-2
13
(*)
115
(•)
148
(*)
193
-1
231
(*)
-76
-149
-51
-429
86
-106
46
(*)
-20
-4
-23
-39
-54
-196
291
-124
-209
-44
33
-65
-29
58
59
307
317
198
-32
221
-21
-83
378
-16
79
251
-162
210
-68
100
-154
106
60
(*)
SUKVEY OF CURRENT BUSINESS
32
March 19<
Table 9.—Changes in Reported Foreign Gold Reserves and Liquid Dollar Holdings Through Known Transactions With
the United States and Through Other Transactions, by Area 1
[Millions of dollars]
1965
Line
1965
19 66
1966
I
II
III
IV
I
II
III'
IV P
All areas:
1
2
3
—230
—12
973
977
—4
632
298
334
346
14
332
146
107
39
628
670
42
4
4
317
811
370
441
-168
779
123
656
74
187
491
—323
—163
—195
—113
814
32
285
293
—8
292
222
70
3'
1,043
702
678
24
na
520
na
461
374
87
20
379
615
92
523
—360
1
—359
56
37
19
—254
277
13
-8
21
-42
55
13
4
2
2
-2
-5
3
6
6
5
—11
16
—4
-20
16
1
(*)
1
7
—10
17
—I
2
-302
-909
-286
-199
-425
-408
-62
433
195
238
—248
—245
-321
-451
-3
— 196
—347
—253
151
—7
205
—212
189
169
20
-47
—47
(*)
-114
—113
-132
152
104
43
61
68
94
-26
111
-67
178
144
-38
182
—151
99
150
—51
202
425
231
222
9
-111
-223
407
142
265
-41
5?
-9S
1,307
1,219
Total increase
Through known transactions with the United States
Through other transactions
88
1,601
1,284
-66
164
-232
-220
Western Europe, including United Kingdom:
4
5
6
Total increase
_ _. _
Through known transaction with the United States
Through other transactions
- - - -
__
___
1,176
133
146
-314
3*
United Kingdom:
7
g
9
Total increase .
_
Through known transactions with the United States
Through other transactions
.-
165
-112
227
481
127
487
Eastern Europe:
10
11
12
Total increase
-Through known transactions with the United States
Through other transactions
Canada:
13
14
15
Total increase
.
.
Through known transactions with the United States
Through other transactions
- --
-
607
-87
339
168
171
275
329
-54
-17
389
-243
-49
188
298
-85
47
-194
-110
109
— 105
-194
-315
100
65
35
-124
—68
23
1
22
Latin American Republics and other Western Hemisphere:
16
17
18
Total increase
-Through known transactions with the United States
Through other transactions
70
a4
—1
—202
—47
175
—69
68
—155
36
—4'
85
-222
-137
-191
-13$
Japan:
19
20
21
Total increase
Through known transactions with the United States.
Through other transactions
_
- -
367
-682
3
127
Australia, New Zealand, and South Africa:
22
23
24
Total increase
Through known transactions with the United States
Through other transactions
-64
223
-60
-99
—36
131
-576
—382
-114
605
54
-176
-166
-120
421
629
277
326
-49
512
77
130
251
—15
136
—17
-i2e
10S
Other countries in Asia and Africa:
25
26
27
Total increase
.,
Through known transactions with the United States
Through other transactions
474
.
1,344
-870
-208
77
370
9
337
111
311
-293
-328
-200
-843
336
133
203
-115
-168
57
International organizations and unallocated:
28
29
30
Total increase
- Through known transactions with the United States 2
Through other transactions
-
-604
309
-913
' Revised.
» Preliminary.
N.A.—Not available.
*Less than $500,000 (±).
1. Total increase represents changes in reported gold reserves of foreign central banks and
governments (including international organizations but excluding the countries of the Soviet
bloc) net of convertible currencies included in U.S. official reserve assets (table 1, line 48)
plus foreign liquid claims on the United States (table 1, lines 58 and 59) plus net changes in
foreign IMF positions through U.S. dollar transactions (table 1, line 49).
Changes through known transactions with the United States represent for each of the separate
areas shown the sum (with sign reversed) of table 1, lines 23, 25, 32, 41, and 51-57. For "All
areas" line 60 is added, and for "All areas" and "International organizations and unallocated"
line 23 is adjusted to exclude net sales or net purchases (—) of gold by U.S. private residents
to the U.S. monetary gold stock. These were (in millions of dollars): 1965: year, -118; I,
-21; II, -31; III, -29; IV, -37; 1966: year, -140; I, -34; II, -42; III, -29; IV, -35.
977
1
976
18
87
-69
24
-867
65
-180
718
30
688
-107
-229
122
Changes through other transactions equal "Total increase" less "Changes through known
transactions with the United States." For "All areas" this difference represents known
acquisitions (-f) or sales (—) of gold by foreign central banks and governments outside the
United States. The net acquisitions of gold equal the excess of new gold production abroad
plus sales by the Soviet bloc less net gold purchases by others. For each of the separate areas
shown the difference reflects net gold and dollar receipts (+) or payments (—) resulting from
their transactions with countries other than the Unite! States, net of changes in their convertible currencies included in U.S. official reserve assets resulting from U.S. transactions with
other areas, and from unrecorded transactions with the United States.
2. Includes transactions with shipping companies operating under the flag of Honduras,
Liberia, and Panama.
Source: U.S. Department of Commerce, Office of Business Economics.
U.S. GOVERNMENT PRINTING OFFICE : 1967 0—246-845
CURRENT BUSINESS STATISTICS
JLHE STATISTICS here update series published in the 1965 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1961 through 1964 (1954-64 for major quarterly series), annually, 1939-64; for selected series,
monthly or quarterly, 1947-64 (where available). Series added or significantly revised after the 1965 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1964 issued too late for inclusion in the 1965 volume appear in the monthly
SURVEY beginning with the September 1965 issue. Also, unless otherwise noted, revised monthly data for periods not shown herein corresponding
to revised annual data are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely. Data from private sources are provided through
the courtesy of the compilers, and are subject to their copyrights.
1964
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1
1965
1966
1964
1963
IV
I
II
|
1966
1965
III
|
IV
I
|
II
III
I
IV
II
III
IV
Annual total
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCTf
605.8
616.8
627.7
637.9
644.2
660.8
672.9
686.5
704.4
721.2
732.3
745.3
759.3
381.5
391.1
398.0
407.5
408.8
418.9
426.8
435.0
445.2
455.6
460.1
469.9
474.1
55 6
24 9
23.1
57 6
25.3
24.1
59.8
26.0
25.4
61.1
27.1
25.3
58.9
24.6
25.7
65.1
30.1
26.0
64.4
29.2
26.2
66.7
30.2
27.3
68.0
29.9
28.8
70.3
31.4
29.6
67.1
28.5
29.2
70.2
30.1
30.7
69.6
29.8
30.7
206.2
40.3
104.8
16.1
169 6
'30 7
88 6
13 7
174.9
32.8
90.7
13.9
176.5
32.7
92.1
13.9
181.7
34.3
93.9
14.2
182.4
34.4
94.4
14.4
184.5
34.6
95.4
14.4
189.4
35.6
97.8
15.2
191.4
36.0
98.7
15.3
197.0
37.5
101.6
15.7
201.9
39.4
103.3
15.8
205.6
39.7
104.8
16.1
208.1
41.1
105.5
16.1
209.2
40.8
105.4
16.6
174.8
25.6
63.2
12.8
189.4
27.2
67 7
14.0
156 3
23 3
56 8
11 6
158.7
23.8
57 7
11.7
161.6
24.2
58.7
11.7
164.7
24.7
59 6
11.9
167.5
24.7
60 7
12.1
169.3
24.7
61 6
12.2
173.0
25.4
62 7
12.7
176.9
26.0
63.6
13.0
180.2
26.3
64.7
13.4
183.4
26.5
66.0
13.5
187.4
27.1
67.1
13.9
191.5
27.6
68.2
14.2
195.3
27.7
69.5
14.5
93.0
106 6
117.0
92 9
90 2
91.8
92.5
97.4
103.8
103.7
106.7
111.9
114.5
118.5
115.0
120. 0
do
do
_ .do
do
do
do
do
_do _
88 3
60.7
21.0
39 7
27.6
27 0
4 7
5.3
97 5
69 7
24.9
44 8
27.8
27 2
9.1
8. 1
105 1
79 3
27.8
51 4
25 8
25 3
11 9
12.2
84
56
19
36
28
27
8
7
7
8
9
8
0
4
1
0
86 6
58 1
20.3
37 9
28 5
27 9
35
36
87 6
59 7
20.9
38 8
27.9
27 3
4 2
5. 1
88 9
61.7
21.0
40 7
27.2
26 6
36
4.6
90 0
63 3
21.8
41 4
26.7
26 2
7 4
7.9
94 4
66 7
23.6
43 1
27 7
27 2
9 5
9 4
96 0
67.9
24.6
43 3
28.1
27 5
7 6
6.7
98 0
70.2
24.4
45 8
27.8
27 3
8 7
7.2
101.5
73.9
26.8
47 1
27.6
27 0
10 4
9.0
105.6
77.0
28.5
48.5
28.6
28 0
8.9
8.5
106.2
78.2
27.9
50.3
28.0
27.4
12.3
12.1
105.1
80.3
27.7
52.6
24.8
24.3
9.9
10.4
103.5
81.6
27.3
54.4
21.9
21.3
16.4
17.6
do
do. _
do
8.5
37.0
28 5
7.0
39.0
32 0
4 8
42 7
37 9
7 1
34 3
27 1
9 0
36 4
27 4
7 9
36.0
28 1
8 4
37.2
28 8
86
38.1
29 6
6 4
35 1
28 7
82
40.5
32 3
7 1
40.1
33 0
6.1
40.3
34 2
6.0
41.7
35 6
4.7
41.9
37.3
4.2
43.4
39.2
4.1
43. 6
39.5
Govt. purchases of goods and services, total. _do
Federal. . _ _ . _ . . . _ _ _ _ _ . _ .
do
National defense
do
State and local. . _ .
_ _ __ _
do
128.9
65 2
50 0
63 7
136.2
66 8
50 1
69 4
153.0
76 9
60 0
76 2
124.3
64 4
50 3
59 8
126.5
64 9
50 1
61 6
130.1
66 6
51 6
63 4
129.5
65 1
49 8
64 4
129.4
64 1
48 5
65 3
131.6
64 4
48 2
67 3
134.3
65 6
49 1
68 7
137.7
67 5
50 7
70 2
141.2
69 8
52 5
71 4
145.0
71.9
54 6
73. 1
149.0
74.0
57.1
75.0
156.2
79.0
62.0
77.2
161. 1
81.7
65.5
79.4
By major type of product:f
Final sales, total
.
Goods, total
Durable goods
Nondurable goods
_ _ _ _ _
Services. _
Structures
__ _ __.
do
do
do
do
do
do
627.0
313 6
122 2
191 3
244 5
68 9
672.1
335 7
132 2
203 5
262 0
74 5
727
365
145
219
285
76
597
298
117
180
232
67
613
307
119
187
237
68
623
311
122
189
242
69
5
4
4
0
7
4
634 4
318 8
125 0
193 8
247 1
68 5
636
316
122
195
251
68
651
324
127
196
254
72
4
3
7
6
3
7
665 3
331 2
128 8
202 4
259 §
74 3
677.8
338 8
134 3
204 4
265 1
73 9
694.0
348 4
137 9
210 5
268 8
76.9
712.3
357.0
141 8
215 2
275 5
79.8
720.0
359. 3
140.6
218.7
282 1
78.6
735.4
369.7
148.7
221.0
289.9
75.8
742. 9
374.2
151.7
222.5
296.2
72.5
Change in business inventories
Durable goods..
____
Nondurable goods
do
do
do
4 7
33
1.4
9 1
6 3
2.7'
7 6
6 4
1.2
8 7
6 7
2.1
10 4
4 7
5.7
89
5.8
3.1
12.3
9.0
3.3
9.9
9.5
.5
16.4
11.9
4.6
Gross national product, totalf
. __ .
_
Personal consumption expenditures, total
bil. $
631.7
681.2
739.6
do
401.4
431.5
464.9
59.4
25.8
25.1
66.1
29.8
27.1
69.3
30.0
30.1
178.9
33.6
92.8
14.1
190.6
35.9
98.4
15.1
163.1
24.3
59 2
11.8
do
Durable goods, total 9
do
Automobiles and parts . . _. . . do
Furniture and household equipment ._ _ _ d o _ _ _
Nondurable goods, total 9 _ .
Clothing and shoes
Food and beverages
Gasoline and oil
_
_
do
__do
do
.do
Services, total 9
Household operation
Housing
Transportation
- _ _ - - _ .
do
do. .
do
do
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
_
__
_
7
3
9
5
9
6
7
1
3
8
2
4
3
1
6
5
3
8
8
9
0
0
1
8
11 9
9 0
2 9
81
38
4 4
35
2 3
12
4 2
36
5
36
2 8
.8
7 4
4 4
2 9
9 5
7 4
2 1
GNP in constant (1958) dollars
bil. $
580 0
614 4
647 8
562 1
569 7
578 1
585 0
587 9
600 3
607 8
618 2
631 2
640.5
643.5
649.9
657. 2
do
373.8
396.2
415.5
357.7
365.7
371.0
379.5
378.9
387. 1
392.2
398.9
406.5
412.8
412. 2
418.3
418. 5
do
do
do
59 1
170 5
144.2
66 4
178 2
151.6
70 7
186 0
158.7
55 3
162 4
140.0
57 2
167 2
141.2
59 5
168 4
143.1
60 9
173 3
145.3
58 8
173 1
146.9
64 8
174 2
148.1
64 2
177 6
150.4
67 2
178 5
153.1
69 2
182 5
154.8
72 2
184. 1
156.5
68. 5
185. 8
157.9
71.6
187.1
159.6
70. 6
187.1
160.8
do
86.5
97.8
104 7
87 7
84 6
85 6
85.7
90 2
95.9
95.3
97.9
102.2
103.5
106.3
102.5
106.4
do
do
do
do
81 9
57 4
24.6
4.6
89 0
64 9
24.1
8.8
93 6
79 i
21. 5
11. 1
79 7
54 3
25.4
8.1
81 9
55 5
25.7
3.5
81 6
56 6
24.9
4.0
82 2
58 2
24.1
3.5
82 98
59
23.6
7.4
86 6
62 3
24.4
9.3
88 0
63 4
24.5
7.3
89 4
65 5
23.9
8.5
91 9
68 4
23.5
10.2
95.0
70.8
24.3
8.5
94.7
71.3
23.4
11.6
93.5
73.0
20. 5
9. 1
91.2
73.3
17.9
1 5. 2
Net exports of goods and services
do
85
6 3
4 7
7 i
9
9
8 4
8 0
5 7
7 l
6.4
6.0
5.9
4.6
4.2
4. 1
Govt. purchases of goods and services, total
Federal .
State and local _ _
do
do
do
115.0
58 3
56.7
116.6
59.3
57.3
118.3
60.4
57.9
120.4
61.9
58.5
124. 9
65.5
59.4
128.3
67. 6
60. 7
Gross national product, totalf
-
Personal consumption expenditures, total
Durable goods
Nondurable goods
Services
_ _ _
Gross private domestic investment, total
Fixed investment
NonresidentiaL . .
_
Residential structures
Change in business inventories
111.3
57 8
53. 4
114.1
57 8
56. 3
123. 2
64 0
59. 1
109. 5
58 7
50 Q
110.3
58 9
52.0
r
Revised.
v Preliminary.
f Revised series, Estimates of national income and
product and personal income have been revised (see p. 11 ff. of the July 1966 issue of the
9
8
113.3
59 7
53. 6
111.3
57 4
53. 9
110.1
56 1
54.0
111.5
56 2
55. 3
113.2
57 3
55. 9
SURVEY); revisions prior to May 1965 for personal income appear on p. 18 it. of the July 1966
issue of the SURVEY.
9 Includes data not shown separately.
S-l
SURVEY OF CUKRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1964
| 1965
Annual total
1966
1964
II
III
March 1967
1966
1965
IV
II
I
III
IV
II
I
1967
rv
III
I
II
GENERAL BUSINESS INDICATORS— Quarterly Series— Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
522.9
517. 3 559.0 p 610. 1 513.7
National income totalt
foil
$
433.3 302. 2 369.8
Compensation of employees total
do
365.7 392.9
392.3 330.6 337.4
Wages and salaries total
do
333.6 358.4
314.8
267.1
272.3
Private
do
269.3 289.1
14.6
12.1
11.6
Military
do
11.7
11.7
62.8
51.9
53.4
Government civilian
do
52.6
57.1
32.4
41.0
31.7
Supplements to wages and salaries
do
34.5
32.0
57.8
52.2
51.9
Proprietors' income, total 9
do
51.9
55.7
41.8
39.9
Business and professional 9
do
40.3
39.9
40.7
16.0
12.2
Farm
do
12.0
15.1
11.7
18.9
17.6
17.8
Rental income of persons
do
18.3
17.7
Corporate profits and inventory valuation adjust74.2
P80.2
66.5
67.8
ment total
bil $
66.6
By broad industry groups:
8.4
10.0
8.4
8.9
8.5
Financial institutions
do
P70.2
59.3
58.2
65.3
58.1
Nonfinancial corporations total
do
32.4
33.0
Manufacturing total
do
32.4
37.8
P41.1
14.6
15.7
14.6
Nondurable goods industries
do
14.5
P17.3
18.4
22.1
17.7
17.9
Durable goods industries
do
P23.8
Transportation, communication, and public
10.2
pll.9
10.6
10.4
utilities
bll $
11.1
16.4
15.5
15.7
15.4
P17.2
All other industries
do
67.8
66.8
67.0
75.7
Corporate profits before tax total
do
P82.3
31.2
28.3
28.7
28.4
P33.9
Corporate profits tax liability
do
39.1
38.5
44.5
p48. 4
Corporate profits after tax
do
38.7
17.4
19.2
17.3
20.9
17.3
Dividends
do
21.3
21.7
25.3
Undistributed profits
do
v 27. 5
21.3
.0
-.3
-.4
-1.5
-2.1
Inventory valuation adjustment
do
15.7
17.8
15.1
15.5
20.0
Net interest
do
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
492.0 500.3
496.0 535.1
580.4
Personal income total
bil $
56.9
59.1
59.4
66.0
75.1
Less' Personal tax and nontax payments
do
469.1
436.6
,505.3 435.1 441.2
Equals: Disposable personal income
do
443.4
412.1
478.3 408.5 418.4
Less* Personal outlays©
do
22.8
26.6
24.5
25.7
Equals' Personal saving!
do
27.0
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
11.54
44.90 51.96
11.11
All industries
bil $
60.63
4.67
4.53
18.58
Manufacturing
do
22.45
26.99
2.37
2.30
9.43
11.40
Durable goods industries
do
13. 99
2.23
2.30
9.16
11.05
Nondurable goods industries .
do
13.00
.30
.29
1.19
Mining
do
1.30
1.47
.37
.36
1.41
Railroad .
.
do
1.73
1.9S
.59
.63
2.38
2.81
Transportation, other than rail . . .
do
3.44
1.71
1.58
6.22
Public utilities
do
6.94
8.41
1.06
1.10
4.30
4.94
Communication
do
5.62
2.84
2.61
10.83 11.79
Commercial and other
do
12.74
Seas. adj. qtrly. totals at annual rates:
45.65
43.50
All industries
.
__
do
18.85
17.80
Manufacturing
do
9.60
9.00
Durable goods industries
do
9.20
8.80
Nondurable goods industries
do
1.20
1.15
Mining.. _ _ _
do
1.25
1.50
Railroad
_
do
2.25
2.40
Transportation, other than rail
do
6.30
6.30
Public utilities...
do
4.40
4.30
Communication
do
10.45
11.00
Commercial and other
do
U.S. BALANCE OF INTERNATIONAL
PAYMENTSd*
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
36,958 38,993 P 42, 910 9,001 9,308
military grants)
mil $
6,092 6,389
25,297 26,276 p 29, 180
Merchandise, adjusted, excl. military
do
162
186
747
Military sales
do
844
P908
1,369
1,368
5,392 5,901 v 6, 180
Income on U S investments abroad
do
1,389
1,354
5,522
5,972 P6.642
Other services
do
-28,468 -32, 036 p-37, 614 -7, 032 -7,196
Imports of goods and services. .
_
do
Merchandise, adjusted, excl. military
_ d o _ _ _ -18,621 -21,488 p-25, 507 -4, 579 -4, 752
-686
-2,834 -2,881 p-3, 649 -725
Military expenditures
do
-349
-344
Income on foreign investments in the U . S _ _ d o _ _ _ -1,404 -1,646 p-1, 868
-5,609 -6,021 p-6, 590 -1,384 -1,409
Other services
do
Unilateral transfers, net (excl. military grants);
-694
-2,765 -2,794 p-2, 907 -717
transfers to foreigners ( — )
mil $
Transactions in U.S. private assets, net; increase
-6, 523 -3, 690 p-3, 911 -1,385 -1,589
(— )
mil $
Transactions in U.S. Govt. assets, excl. official
-415
-1,674 -1,575 p-1, 481 -350
reserve assets* increase ( — )
mil $
Transactions in U.S. official reserve assets, net;
70
303
1,222
171
increase ( — )
mil $
P568
Transactions in foreign assets in the U.S., net (U.S.
332
719
3,312
309 p 3, 024
liabilities)" increase (-f-)
mil $
547
249
2,627
115
Liquid assets
,
do
p856
172
83
685
194 p2. 168
Other assets
do
-152
-203
-429
-1,011
Unrecorded transactions
.
do
p -589
Balance on liquidity basis—increase in U.S. official
reserve assets and decrease in liquid liabilities to
-617
-552
-2,798 -1,337 p-1, 424
all foreigners* decrease ( — )
mil $
Balance on official reserve transactions basis—increase in U.S. official reserve assets and decrease in
liquid and certain nonliquid liabilities to foreign
-231
-326
-1,546 -1,305
p271
official agencies' decrease ( — )
mil $
'1 Revised.
P Preliminary.
Estimates for Jan.-Mar, 1967 based on anticipate d capital t xpenditiires of bu siness.
?
Estimates for Aor.-June 1967 based on antici]Dated capital expe nditures of busii ess.
Anticipated expenditures for the year 1967 are as foliows (in bil $): Alii ndustries, 63.00; m inufactoring, total, 27.94; durable goods industries, 1^1.64; nond urable g oods indiistries, 1 5.30;
mining, 1.58; railroad, 1.48: transportation, 3.94; pu blic utilit ies, 9.15; commerc al and other
find, communication), 18.91.
3 includes commurlication.
528.5
375.3
342.2
275.9
11.9
54.3
33.1
52.2
40.3
11.9
17.9
543.3
381.7
348.2
281.2
11.8
55.2
33.5
53.3
40.5
12.9
18.1
552.2
387.8
353.7
285.8
11.7
56.3
34.1
55.9
40.4
15.5
18.3
562. 7
395.6
360.8
291.1
12.0
57.7
34.8
56.7
40.7
16.0
18.4
577.8
406.5
370.8
298.5
13.0
59.3
35.7
57.1
41.1
16.0
18.5
595.7
419.6
380.0
305.9
13.6
60.4
39.6
58.4
41.4
17.0
18.7
604.1
427.9
387.4
311. 5
14.1
61.8
40.5
57.9
41.6
16.3
18.8
66.8
73.2
72.7
74.0
76.9
80.0
79.9
79.1
8.6
58.1
32.2
14.7
17.5
8.5
64.6
37.4
15.5
21.9
8.7
64.0
36.7
15.5
21.2
8.9
65.0
37.4
15.5
21.9
9.5
67.5
39.6
16.4
23.2
9.4
70.6
41.9
17.2
24.7
9.8
70.0
40.6
17.2
23.4
10.1
69.0
39.5
17.0
22.5
10.5
15.5
67.7
28.6
39.0
17.7
21.4
-.9
16.3
10.7
16.5
74.5
30.7
43.8
18.1
25.7
-1.3
16.9
10.9
16.4
74.5
30.7
43.8
18.8 i
25.0
-1.8
17.5
11.2
16.4
75.0
30.9
44.1
19.5
24.6
-1.0
18.1
11.5
16.4
78.7
32.4
46.3
20.2
26.1
-1.8
18.7
11.3
17.4
82.7
34.1
48.7
20.9
27.8
-2.8
19.1
12.0
17.4
82.8
34.1
48.7
21.1
27.6
-2.9
19.6
12.2
17.2
81.9
33.7
48.2
21.1
27.1
-2.8
20.2
P81.9
P33.8
P48. 2
20.7
P27.5
.0
21.0
507.5
60.9
446.6
420.0
26.6
518.0
64.9
453.2
430.3
22.8
527.6
66.6
461.0
438.6
22.4
541.9
65.7
476. 2
447.1
29.0
552.8
66.7
486.1
457.6
28.5
564.6
69.5
495.1
468.4
26.7
573.5
73.6
499.9
473.3
26.6
585.2
77.4
507.8
483.3
24.5
598.3
79.8
518.4
488.0
30.4
12.84
5.59
2.83
2.76
.33
.35
.64
1.76
1.17
3.01
10.79
4.54
2.25
2.28
.29
.39
.58
1.32
1.08
2.59
12.81
5.47
2.76
2.70
.33
.44
.77
1.71
1.24
2.85
13. 41
5.73
2.91
2.82
.32
.44
.72
1.88
1.22
3.10
14.95
6.72
3.48
3.24
.35
.46
.73
2.04
1.41
3.25
12.77
5.61
2.87
2.74
.33
.40
.75
1.60
1.26
2.83
15.29
6.78
3.51
3.27
.40
.55
1.00
2.09
1.42
3.06
15.57 ' 17. 00
6.84 '7.75
3.54 '4.07
3.30 '3.68
.38
.37
'.55
.48
'.86
.82
2.36 '2.36
1.58
1.36
3.33 ' 3. 52
47.75
20.15
10.15
10.00
1.30
1.55
2.60
6.35
4.40
11.40
49.00
20.75
10.40
10.40
1.25
1.75
2.55
6.80
4.55
11.30
50.35
21.55
10.80
10.70
1.30
1.55
2.70
6.85
4.80
11.60
52.75
23.00
11.75
11.25
1.25
1.70
3.00
6.75
5.05
11.95
55.35
24.15
12.45
11.70
1.35
1.95
3.00
7.30
5.30
12.25
58.00
25.60
13.15
12.45
1.40
1.75
3.30
8.25
5.35
12.35
60.10
26.80
13.85
12.95
1.55
2.00
3.50
8.30
5.50
12.45
61.25 ' 62. 80 'i 62. 60 2 62. 25
27.70
27.55 ' 27. 75 '27.60
14.35 ' 14. 50 ' 14. 45 14.25
13.45
13.20 ' 13. 25 13.15
1.45
1.55
1.50
1.45
1.35
1.85 '2.35 '1.65
3.95
3.40 '3.50 '3.50
9.30
9.50
8.55 '8.50
5.95
5.60
12.85 r 13. 30 '3 19. 10 3 18. 20
613.8 P 626.9
438.3 447.5
396.7
405.0
318.0
323.9
15.0
15.8
65.2
63.7
41.5
42.5
57.3
57.5
41.9
42.3
15.4
15.2
18.9
19.1
P81.9
10,065
7,027
216
1,254
1,568
-8,540
-5, 756
-771
-458
-1,555
-719
-645
-852
' -736 ' -698 p-621
-827
-912
-928
-1,094 ' -748 p 1, 141
-268
-471
-662
-2, 189 -1,605
-618
-151
-367
842
-768
-346
-469
68
271
41
1,842
1,532
310
-360
180
-145
325
0
-425
-294
-131
-109
242
493
<261
-240
-1,381
-697
226
-534
'
-341
424
3 4.55
' -452 ' -376 p-312
68
312
••409 ' 1, 026
61
^120
'54
251
289
'972
-80 ' -294 '-195
-332
'3 4. 42
' 10, 480 *• 10, 558 ' 10, 943 plO, 929
7,154
7,098 ' 7, 426 P 7, 502
P235
198
215
260
' 1, 532 ' 1, 575 ' 1, 585 p 1, 488
1,596 ' 1, 625 ' 1, 717 p 1,704
--8, 898 -9, 175 '-9, 737 p-9, 80
'-5,980 '-6, 220 r-6,639 p-6, 66
-899 ' -934 p-962
-436
' -437 ' -510 p -485
'-1,628 --1,619 '-1,654 p-1, 68
9,537 8,776 10, 136 10, 016
6,826
5,625 6,798
6,660
229
199
201
200
1,470
1, 616
1,561
1,253
1,521
1,493
1,423
1,390
-7, 390 -7,164 -8, 087 -8,245
-4, 901 -4, 656 -5,481 -5, 595
-745
-701
-664
-683
-411
-404
-372
-373
-1,494
-1,434 -1,471 -1,501
-671
i 13. 83 2 15. 84
'6.06
7.00
'3.16
3.60
2.89
3.39
.35
.40
'.38
.37
'.78
1.13
'1.84
2.40
' -544
82
-6
'361 P 1, 228
P564
'118
p664
'243
'173 p -273
' -122 ' -200 p -558
I
232 -1,158 '-234 ' -203 1 '952 p -244
239
-845
-618
tSe e corresponding n ote on p. S-l.
valuatk
nventory
>n adjust rnent.
9Iiicludes i
0F ersonal outlays cComprise personal consum ption ex penditur es, inter 3St paid by conayments to foreig tiers,
ransfer
p
sume rs, and p ersonal t
§Pe rsonal sa ving is e xcess of clisposabl(j income over per sonal out lays.
<?*4 ore com plete del ails are jiven in ihe quar ;erly rev cws in tl^ie Mar. June, Sept., and
« Correct ed.
Dec. issues of the SUR VEY.
SURVEY OF CURRENT BUSINESS
March 1967
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966 P
S-3
1966
1967
i
Annual
Jan.
Feb.
Mar.
Apr.
May
June
July
Sept.
Aug.
Oct.
Nov.
Dec.
Jan.
Feb."
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual rates: t
Total personal income
-_
- _-bil. $-_
535.1
580.4
560.2
564.7
569.0
570.5
573.0
577.2
580.0
585.4
590.0
594.4
598.5
601.8 ' 607. 5
609.9
Wage and salary disbursements, total
do _ _ _
Commodity-producing industries, total.do
Manufacturing
do_
Distributive industries - _ _
_ _ . do
358.4
144.3
115 5
86.7
392.3
158.2
127.2
93.2
376.8
152.1
121.8
90.1
380. 1
153.9
123.3
90.9
382.9
155.4
124.0
91.4
384.7
156.0
125.2
91.5
387.0
156.8
125.9
91.9
390.5
158.1
127.0
92.8
393.7
158.2
127.1
93.6
397.0
159.8
128.9
93.9
399.5
160.7
129.6
94.4
402.3
161.5
130.7
95.1
405.1
162.4
131.4
95.8
407.5 ' 410. 7
162. 9
163.9
131.4 ' 132. 2
96.5 '97.5
411.2
163.0
131.2
97.7
do
do
do
58.1
69.2
18 5
63.5
77.4
20.8
61.1
73.6
19.8
61.2
74.1
20.0
61.7
74.5
20.2
62.0
75.2
20.4
62.5
75.9
20.6
63.0
76.6
20.7
64.0
78.0
20.9
64.5
78.8
21.1
64.9
79.5
21.3
65.4
80.2
21.5
65.8
81.0
21.7
66.2
81.9
21.9
66.7
82.7
22.2
67.0
83.5
22.5
do_ __
do
40.7
15 1
41.8
16.0
41.3
16.8
41.3
17.0
41.5
17.3
41.5
16.7
41.6
16.3
41.7
15.9
41.8
15.5
41.9
15.4
42.0
15.3
42.1
15.1
42.2
15.2
42.4
15.4
42.7
'15.2
42.9
14.9
18 3
19 2
38.4
39.7
18.9
20.9
42.8
44.6
18.6
20.8
40.5
42.3
18.7
21.0
41.0
42.6
18.7
20.9
41.4
42.9
18.7
21.0
41.8
42.6
18.8
21.2
42.1
42.5
18.8
21.1
42.3
43.2
18.9
21.1
42.6
43.5
18.9
21.0
43.1
45.1
19.0
21.2
43.8
46.0
19.0
21.2
44.3
47.2
19.1
21.2
44.8
47.8
19.2
19.8
45.3
48.9
19.2
21.3
'45.7
'50.0
19.3
21.5
46.1
51.1
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
Total nonagricultural income
do
13.2
17.6
16.8
16.9
16.9
17.0
17.1
17.2
17.9
18.1
18.2
18.3
18.5
18.6
19.7
19.7
515 6
559.7
538.8
543. 0
547.0
549.1
551.9
556.5
559.8
565.4
570.1
574.6
578.6
581.7
' 587. 5
590.1
FARM INCOME AND MARKETINGS!
Cash receipts from farming, including Government
payments (48 States) total t
mil. $
Farm marketings and CCC loans total
do
Crops
do
Livestock and products total 9
do
Dairy products
do
M^eat animals
do
Poultry and eggs
do
Indexes of cash receipts from marketings and CCC
loans, unadjusted :t
All commodities
1957-59=100
Crops
do
Livestock and products
do
Indexes of volume of farm marketings, unadjusted: t
All commodities
1957-59=100
Crops
do
Livestock and products
do
' 2, 951 ' 2, 818 ' 3, 234 ' 3, 405 ' 4, 579 '5,009
41, 639
46, 151 ' 3, 700 ' 3, 032 '3,164
39 187
17, 334
21 853
5 070
12, 943
3, 527
42, 879
18, 213
24, 666
5,592
14, 726
4, 027
122
126
118
133
132
133
135
'149
'125
'107
'87
'121
111
'74
' 139
'105
'74
' 129
'103
'67
'130
' 119
'108
'128
122
'124
'120
'135
'127
'141
' 150
'158
'145
119
120
118
120
120
120
'129
'155
'110
93
'79
'103
94
'61
'119
'88
'53
'115
90
'50
'119
'109
'96
'119
111
111
'111
' 120
'113
125
156.3
148.5
152.3
154.8
156.0
159.3
150.9
' 3, 634 ' 2, 865 ' 2, 990 ' 2, 832
'845
'998
'845
'1,711
' 1 923 ' 1, 867 ' 2, 145 ' 1, 987
470
440
409
465
' 1, 152 ' 1,131 ' 1, 306 ' 1, 169
'293
'290
333
310
' 2, 778
'773
' 2, 005
488
' 1, 165
309
'3,204
' 1, 234
'1,970
471
'1,157
313
' 5, 608 ' 4, 877 ' 3, 774 3,655
4,784
2,638
2,146
468
1,283
383
3,717
1,701
2, 016
495
1,157
342
3,592
1,577
2,015
504
1,175
299
191
242
152
178
230
139
138
148
131
134
137
131
'133
'140
'128
172
219
138
170
225
129
130
143
121
124
132
118
156.8
161.3
163.8
152. 1
158.2
144.4
118.2
158.0
160.4
155.0
123.6
163.6
169.5
156.3
122.8
163.3
167.1
170.2
173.2
159.6 ' 154. 8
124 3 ' 121. 5
'
'
'
'
159. 1
168. 3
147. 7
122. 1
' 158. 0
' 164. 8
' 149. 5
'121.9
157.5
162.6
151. 1
121.6
157. 1
145. 3
168. 6
137.9
182. 3
' 156. 6
' 145. 1
' 159. 1
155.1
144.1
155
' 3, 276 ' 3, 633
' 1, 423 ' 1, 462
' 1, 853 ' 2, 171
464
469
' 1, 048 ' 1, 323
'368
318
'4,044
' 1, 808
' 2, 236
'467
' 1, 374
'380
' 5, 122
' 2, 775
' 2 347
485
' 1, 462
'386
INDUSTRIAL PRODUCTION d1
Federal Reserve Index of Quantity Output
Unadj., total index (incl. utilities) d1-- 1957-59 =100.By industry groupings:
Manufacturing, total
... _do_ _
Durable manufactures
do
Nondurable manufactures
do
Mining
do
Utilities
do
143.4
154.6
' 160. 2 ' 157. 0 ' 156. 4
155. 7
145.0
148.4
140.8
114.8
160.9
158.7
165.1
150.7
120.3
173.4
150.1
156.5
142.1
115.6
154.4
160.6
146.6
117.0
157.1
163.9
148.6
118.7
157.9
164.9
149.2
115.5
158.9
166.1
149.8
121.3
162.2
169.0
153.8
122.7
142.5
140.3
159.9
134.1
147.0
155.4
147.4
166.5
141.4
172. 6
148.5
142.0
167,8
133.8
162.3
151.7
145.7
171.3
137.6
164.6
153.4
146.7
172.7
138.5
167.8
152.6
145.5
173.1
136.7
167.9
152.9
144.8
169.9
136.9
170.3
157.8
150.0
172.0
142.9
174.6
150.0
139.8
142.4
139.0
172.0
154.7
146.0
132.0
150.4
173.5
161.2
153.6
165.8
149.6
177.8
160.0 '
164.7
151.3 '
157.8
184 9 ' 176. 9 '
143.2
149 2
178.7 '
179 4
144.2
144.3
144.1
157.1
157.4
156.9
148.5
147.7
149.3
152.7
152.3
153.3
155.7
155 .9
155.6
156.7
158.3
155.0
158.7
160.0
157.4
160.7
162.4
159.1
151.8
152.1
151.4
158.7
158.4
159.0
161.3
162.7
159.9
f
163 1 160. 4 ' 157. 0 ' 156. 5
159.6 ' 155. 4 153.0
163 5
160.0
162.6 '161.2 ' 158. 5
--do
143.4
156.3
150.6
152.4
153.7
153.9
155.3
156.5
157.2
158.0
157.7
158 9
do
145.0
158.7
152.9
154.7
155.9
156.6
157.6
158.9
159.4
160.1
160.0
161 5
' 161.0 ' 161. 3 ' 160. 2
157.9
do
do_-do
do
do __
do
148.4
137.6
133.6
152.2
147.8
145.4
165.1
142. 7
136.2
166.5
162.8
158.8
158.1
131.9
122.9
164.3
157.7
154.2
160.7
138.3
129.1
172.5
161.6
158.9
161.9
141.8
136.7
174.5
161.7
158.9
162.9
142.4
138.8
166.0
161.4
159.1
164.2
146.5
141.1
165.0
162.9
158.4
165.4
148.0
142.1
166.2
161.8
158.8
166.1
148.6
143.3
162.4
162.1
157.7
167.1
148.7
142.2
162.1
161.4
158.8
167.3
146.4
139.0
164.7
163.0
158.6
169 1 ' 167. 3
167.6 ' 165. 8
145.0 r 138.4 ' 136. 2 132.7
132. 4 ' 130. 1 ' 124. 6
137 5
168 2 ' 161.7 ' 164 1 161 6
164 2 ' 164. 7 ' 168. 6 ' 166. 7
160.2 ' 161 4' 160. 4
159 0
162.6
132
125
do
do_
do
do
do
do
160.5
160.4
160.6
149.2
175.2
125.3
183.8
181.9
186. 5
168.3
171.3
165. 2
174.5
171.9
177.9
163.0
176.7
150.1
176.4
174.4
179.2
164.1
175.5
153.1
176.1
174.0
178.9
166.1
176.9
155.8
178.6
174.5
184.1
165.9
176.1
156.4
180.6
177.7
184.4
165.8
169.9
161.9
182.8
180.3
186.0
167.1
169.4
164.7
186.6
184.7
189.1
166.0
161.2
169.6
189.6
186.7
193.4
166.0
158.1
172.5
188.8
188.6
189. 2
168.3
164.6
171.1
191 1
189.9
192 6
174.6
175.7
173.7
'
'
'
'
'
'
189 5 '
190. 4
188 3 '
171.5 '
169. 0 '
173. 7 '
189. 8
191.5
187. 6
164. 8
151.5
176. 4
186
186
185
159
140
175
do
do
do_ .
do
do-
151.4
133.5
117.4
157.4
146.0
176.5
140.7
119.3
171.9
157.9
166.8
142.4
125.6
165.4
151.2
169.4
142.2
126 .5
167.7
155.3
171.9
143.0
129.3
168.8
156.8
174.6
141.9
130.7
169.6
157.2
176.4
139.5
122.7
173.8
159.5
176.5
141.0
122.9
174.6
159.3
177.0
138.5
119.9
169.7
157.2
177.4
140.5
111.3
175.3
158.7
179.5
141.2
110.0
173.2
158.4
181 8 ' 181.4 '
137.8 ' 136. 5 '
111.3 ' 109. 5 '
173 2
173 9
157.2
158.5 '
184 6 '
136. 9 '
112. 8
174 0 '
160 9 '
186. 7
137. 0
114.1
172 4
160. 7
184
137
148.5
146.4
147.3
140.8
N endurable manufactures
do
150.7
142.0
140.4
140.7
Textile mill products ._
do
134.9
142. 3
148.4
149.4
Apparel products
__
_ . do
145.1
145.6
150.3
112.2
111.4
108.2
109.7
Leather and products
_ _ _ do
111.9
150.2
148.5
Paper and products
do
142.3
152.1
150.6
'Revised. "Preliminary. fSee corresponding note on p. S-l. tRe vised series. Dollar
figures and indexes of cash receipts and volume of marketings revised beginning 1963; data
prior to May 1965 appear in the Dept. of Agriculture publication. Farm Income Situation,
148.7
143.5
150.3
115.5
150.2
149.4
143.7
149.9
112.1
153.0
150.7
144.0
152.0
114.2
154.1
151.3
143.4
149.7
111.1
156.2
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
Durable manufactures 9
Primary metals
Iron and steel
_ .._
Nonferrous metals and products
Fabricated metal products
Structural metal parts
Machinery.
Nonelectrical machinery
Electrical machinery.Transportation equipment 9
Motor vehicles and parts
Aircraft and other equipment
Instruments and related products
Clay, glass, and stone products
Lumber and products.- - _ _
Furniture and fixtures _
Miscellaneous manufactures ...
-
do
_do do
do
do
do
do
do .
151.3
142. 1
147.7
110.4
153.1
July 1966. 9 Includes data for items not
1964 to incorporate new data and to reflect
prior to Sept. 1965 will be shown later.
150. 9
141.7
148.4
109.9
151.2
158.6
189.0
188.2
190.1
172.9
170.7
174.6
' 181.3
' 159. 0 ' 158. 0
178.8
156.3
152
161
155.9
165
161
170
158
151 9 ' 153 1 ' 153 5 ' 153. 1
152.0
142.4 ' 141.8 ' 141.5
138.5
148.1
149.3
150.3
113.9 ' 110.8
110.4
153.3
153.7 ' 152. 6 152.8
1
shown separately.
d Revised beginning Jan.
use of new seasonal factors; revisions for months
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966 p
Annual
March 1967
1966
Jan.
Feb.
Mar.
Apr.
May
June
1967
July
Aug.
Sept.
Oct.
Dec.
Nov.
Jan.
Feb. P
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION^— Continued
Federal Reserve Index of Quantity Output— Con.
Seasonally adjusted indexescf — Continued
By industry groupings— Continued
Nondurable manufactures— Continued
Printing and publishing
1957-59=100..
Newspapers
_
_
do
Chemicals and products
do. _
Industrial chemicals
do
Petroleum products..
_ _ _ _ do_
130.3
124.2
173.4
196.3
123.5
142.2
134. 2
193.0
220.1
128.4
136.0
131.1
183.1
208.7
130.5
138.6
131.4
185.5
210.7
125.5
139.8
133.1
187.8
213.7
125.6
138.6
128.5
187.7
215.4
127.7
142.1
133.8
191.4
218.2
127.4
144.1
135.4
192.7
219.9
127.7
144.8
136.3
194.5
222.0
126.9
145.3
137.7
194.4
222.2
128.5
144.3
139.1
193.5
220.5
130.6
144.1
135.7
196.9
224.1
131.2
144.7 ' 143. 7
135.2
133.2
' 199. 4 ' 198. 7
' 227. 5 228. 8
129.1 '128.8
do
do
do
do
do
171.8
123.7
122.3
130.6
120.3
191.9
128.4
126.6
137.8
119.8
185.8
126. 2
124.6
134.8
119.6
184.7
126.8
125.6
133.4
126.7
184.5
127.5
125.7
137.0
126.8
186.9
127.8
126.0
137.5
115.8
184.3
120.1
124.4
135.4
117.9
184.1
127.1
125.5
135.9
122.7
188.7
128.1
126.4
137.2
116.5
190.3
129.2
127.0
141.1
119.9
193.6
128.5
127.0
136.4
120.5
199.2
127.5
124.9
141.4
116.9
202.0
202.7
129.7 ' 132. 0
127.6 ' 130. 3
141.1
141.4
117.2
119.3
do
do
do
do
do
_ do
114.8
113.3
112.3
111.9
124.2
126.5
120.3
115.2
118.0
119.4
132.7
133.5
117.3
114.4
113.5
114.1
133.4
135.5
117.7
111.2
115.0
115.1
130.8
135.6
120.0
117.7
116.5
117.0
134.5
137.1
115.6
85.3
117.0
117.2
139.7
130.9
120.7
116.9
119.1
121.3
133.6
127.5
122.0
120.7
119.3
121.4
134.2
133.3
122.0
120.8
119.2
120.9
134.0
133.7
122.1
120.7
119.6
121.2
132.1
133.8
121.0
114.7
119.6
121.3
128.6
133.5
121.6
121.5
119.5
121.1
129.4
130.3
'121.0
114.0
' 119. 3
120.8
133.0
133.4
' 123. 0 ' 123. 6
125.2 '120.7
' 118. 9 ' 120. 6
' 120. 8
123.2
138.4
' 134. 8
'139.3
137.7
122- 2
116
120
121
. do
do
do
160.9
165.6
146.2
173.4
179.7
164.7
169.3
150.5
168.7
174.2
151.4
168.8
174.0
152.3
169.1
174.1
153.3
170.2
175.5
153.7
171.7
177.2
154.1
175.7
182.4
179.0
186.5
177.0
184.2
175.2
181.7
176.9
183.9
' 176. 4 ' 176. 0
183.4
176-5
do
do _
do
142. 5
140. 3
159.9
155.4
147.4
166.5
150.3
144.6
167.3
152.1
146.1
166.6
152.5
146.2
166.6
152.9
146.4
168.4
153.7
146.2
166.1
154.9
147.1
165.8
155.3
146.5
162.5
156.4
147.1
159.6
156.3
146.5
159.7
158.3
148.8
169.4
157.8
158.5 ' 159. 1
' 148. 8 ' 149. 0 ' 147. 1
157.6
' 166. 5 ' 164. 8
155.6
144.7
151
do
do
do
do
do
do. _
167.2
182.6
146.8
154.8
152.3
154.3
163.0
169.5
154.4
168.9
166.6
165.7
168.1
180.3
152.0
166.8
166.3
163.3
167.9
177.8
155.0
165.7
100.5
164.0
170.0
180.5
156.2
164.1
156.2
165.5
168.4
178.9
154.6
168.4
166.7
166.3
160.7
166.0
153.6
169.9
165.9
169.1
162.3
167.8
155.2
168.3
163.9
170.1
154.5
151.5
158.6
168.0
165.5
165.2
146.4
141.7
152.7
168.9
165.0
168.0
150.7
148.6
153.5
166.0
159.3
165.9
168.5
177.8
156.2
170.0
170.2
164.4
162.6 ' 147. 1
162.8
167.3
141.3
166.7
156.4
154.6
' 157. 8
' 169. 1 ' 166. 4 165.1
154.0
' 165. 3 ' 158. 4
164.7 ' 163. 5 163.8
135
121
134.1
134.5
134.0
122.2
141.4
139.6
141.8
126.4
136.9
137.5
136.7
123.1
139.2
138.7
139.4
125.8
139.7
140.4
139.5
125.2
139.4
141.4
138.9
125.1
139.8
140.5
139.7
123.9
141.6
141.6
141.6
126.4
141.4
139.0
142.1
126.0
143.0
139.1
144.2
127.9
142.3
138.8
143.3
127.9
142.2
139.0
143.2
126.0
' 143. 3 143.5
138.8
139.8
144.2 ' 144. 8 ' 144. 9
130.1
127. 3 ' 130. 1
127.2
157.0
127.0
149.4
131.7
174.4
136.6
159.4
129.7
164.0
131.9
151.6
131.1
167.2
133.6
155.3
133.6
168.6
134.2
154.7
130.2
167.3
134.1
154.6
129.5
173.4
136.9
155.8
131.5
174.7
138.5
157.1
130.2
174.5
138.9
161.1
134.0
175.4
138.2
165.0
131.0
176.1
136.7
162.5
133.1
178.7
137.9
161.9
' 133. 0
181.3
138.8
162.4
147.0
156.7
153.1
164.4
162.4
148.8
172.6
181. 2
172.2
190.0
208.5
167.0
162.6
171.9
164 2
177.5
194.9
161.2
164.8
174.0
166.1
180.8
198.9
158. 0
166.2
175.4
167.4
184.2
198.9
163.0
166.9
175.9
167.3
186.4
201.3
157.6
169.8
178.3
168.5
190.1
204.9
164.7
171.4
180.0
171.0
191.0
205.7
168.2
174.4
182.7
174.9
189.8
208.8
167.5
176.4
184.4
176.3
194.1
208.1
169.1
177.4
185.7
177.0
194.8
209.2
178.9
178.8
187.2
178.4
195.5
212.7
180.3
179.6
187.5
178.1
196.9
216.9
170.7
' 180. 8 ' 180. 9
' 189. 3 ' 188. 5
' 179. 1
178.7
197.4
' 196. 0
'220.3
215.1
179.5
do
.do. .
do
do
do
144 2
144.3
166.8
151.9
133.8
157.1
157.4
170.3
180.7
141.6
150.9
149.9
170.0
165.8
142.7
152.6
152.6
173.6
170.0
143.6
154.4
155.6
169.1
171.9
146.1
154.5
156.7
169.0
173.6
144.3
157.1
157.7
166.0
177.1
141.8
158.0
159.3
165.2
179.1
142.3
158.8
159.1
162.8
183.7
141.0
159.6
160.1
173.6
187.9
140.2
159.2
159.8
174.0
189.1
139.8
159.9
159.8
176.2
189.7
138.5
159.1
158.5
173.8
191.0
138.5
'
'
'
'
'
Nondurable materials 9
Business supplies
Containers.. _ _
General business supplies
do
do
_do
do
144.1
136.4
136.6
136.4
156.9
148.9
145.4
150.7
151. 0
144.2
143.5
144.5
152.1
144.4
143.5
144.9
153. 1
146.0
145.2
140.4
152.3
145.3
142.4
146.7
156.5
147.8
146.1
148.6
158.0
150.3
146.4
152.2
158.6
149.9
143.2
153.2
159.1
150.1
143.4
153.4
158.6
150.7
147.4
152.4
159.9
151.6
145.3
154.8
' 159. 9 '161.0
' 150. 9 ' 153. 2
' 147. 2 '151.1
152.8 ' 154. 3
Business fuel and power 9
Mineral fuels
Nonresidential utilities
do
do
do
127.9
115.5
159.4
136.3
122.2
173.5
130.7
117.4
165. 0
131.8
118. 1
167.1
133.9
120.5
108.6
130.8
114.9
170.6
136.9
123.8
171.2
138.0
124.9
172.2
138.7
124.6
174.6
138.9
124.9
175.9
138.6
123.7
176.7
138.7
124.9
174.8
mil. $_. '1954,336 11,035,871 '84, 727
84, 530
86, 991
85, 455
85, 426
86, 957
86, 678
86. 995
86, 775
42, 702
22, 433
20, 269
44, 121
23. 238
20, 883
43, 540
22, 708
20, 832
44, 071
22, 915
21, 156
44, 125
22, 898
21,227
44, 327
23,031
21,296
44, 206
22, 874
21, 332
44, 091
22,971
21, 120
Rubber and plastics products. _ _
Foods and beverages
Food manufactures
Beverages
Tobacco products.
_ _ _ _
Mining
Coal
-.
--_
Crude oil and natural gas
Crude oil
Metal mining
_
Stone and earth minerals
Utilities
Electric
Gas
- _ . _
_
.
By market groupings:
Final products, totalcf- Consumer goods _ _
Automotive and home goods
Automotive products
Autos _
_
Auto parts and allied products
Home goods 9
Appliances, TV, and radios
Furniture and rugs
_
Apparel and staples
do .
Apparel, incl. knit goods and shoes__do
Consumer staples.. _
do
Processed foods
._ . do
Beverages and tobacco. _
do
Drugs , soap , and toiletries
do.
Newspapers , magazines , books. _ _ do
Consumer fuel and lighting _
do
Equipment, 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_J
Consumer durable
•_
Equipment
Construction _ .
134.0
' 178. 5
' 139. 1
160.7
145.7
133.7
199.8
147
_.
-.
128.5
131.6
130.0
__
__
145
179.4
142.6
158. 8 ' 158. 2
156. 1 ' 153. 9
165. 4
154.8
190.4
190. 3
138. 2 138.5
178.9
186
156.1
152
161.9
153.4
147.2
156.5
161
' 138. 0 ' 139. 4
' 123. 1 ' 125. 0
176.7
175.7
' 139. 9
' 125. 9
139
124
87, 066
86, 699 '87,875
87, 849
44, 487
23, 451
21, 036
44, 393 '45,511
23,237 '23,715
21, 156 '21,796
44, 725
23, 262
21, 463
BUSINESS SALES AND INVENTORIES §
Mfg. and trade sales (seas, adj.), totalt t
Manufacturing , total
Durable goods industries
Nondurable goods industries
do
do
do. .
Uo-tai 1 trade , totalt
Durable goods stores
Nondurable goods stores .
do
do
do
'1283,852 i 303, 672 ' 25, 081 25,049
93, 718
8, 324
97, 812
8,185
'190,134 205, 860 ' 16, 757 16, 864
25,536
8,649
16,887
24,949
7,939
17,010
24, 475
7,506
16, 969
25, 394
8,056
17,338
25, 362
8,106
17, 256
25, 572
8,358
17,214
25, 703
8,394
17, 309
25, 550
8,276
17, 274
25, 610 ' 25, 368 25, 703
8,178
8,143 ' 8, 156
17,467 ' 17, 212 17, 525
do
do
do
1187,141
82, 691
104,450
203, 751
91, 026
112, 724
16, 981
7,563
9,418
17, 334
7,887
9,447
16,966
7,718
9,248
16, 880
7,601
9,279
17, 438
7,637
9,800
10, 989
7,607
9, 382
17,217
7,737
9,480
16, 981
7,514
9,467
17, 029
7,574
9,455
16,696 ' 16, 996 17, 421
7,574
7,372 ' 7, 539
9,324 ' 9, 457 9,847
120,890
135, 549
121,570 122,542 123,630 124,700 120.179 127,584 128,714 130,043 130,839
68, 015
42, 324
25, 691
34, 007
15, 194
19, 413
18, 274
10,575
7,699
77. 897
50, 037
27, 800
36, 901
10, 530
20, 425
20,691
12, 112
8,579
Merchant wholesalers , totalt
Durable goods establishments
Nondurable goods establishments
.
Mfg. and trade inventories, book value, end of year
or month (seas, adj.), totalt
_. mil. $
Manufacturing, total
. _
Durable goods industries
Nondurable goods industries
Hctai 1 trade , total t
Durable goods stores
Nondurable goods stores
Merchant wholesalers, totalt
Durable goods establishments... - .
Nondurable goods establishments
r
Revised.
on p. S-3.
v Preliminary.
do
do
do
do
do
do
do
do
do
483, 343 1 528, 448
252, 242 276, 069
231, 101 252, 379
1 Based on unadjusted data.
tf
42, 665
22, 307
20, 358
16, 779
7,538
9,241
08, 594 69, 040 69, 648
42, 589 42, 884 43, 273
20, 005 26, 156 26, 375
34, 745 34, 922 35, 101
15, 323 15, 424 15, 551
19, 422 19, 498 19, 550
18, 231 18, 580 18,881
10, 571 10, 809 10, 995
7,771 1 7,886
7,660
See corresponding note
9Includes data for items not shown separately.
§ The term "business" here includes only manufacturing and trade; business inventories
as shown on p. S-l cover data for all types of producers, both farm and nonfarm. Unad-
70,346
43,779
26,567
35, 346
15, 690
19. 050
19.008
11,209
7,800
71, 103
44, 275
26, 828
35, 927
16, 213
19,714
19, 149
11, 239
7,910
71,949
45, 003
26, 946
36, 325
16,411
19, 914
19, 310
11,318
7,992
72, 958
45, 790
27, 168
36, 312
16, 330
19,982
19,444
11,349
8, 095
74,110
40. 814
27, 296
36, 191
16, 079
20,112
19,742
11,577
8,165
74, 884
47, 568
27, 316
36, 355
16, 241
20, 114
19, 600
11,435
8,165
132, 392 133,856 ' 135,549 136, 520
76, 896 '77,897 78, 918
49, 310 ' 50, 037 50, 627
27, 586 '27,860 28, 291
36, 734 36, 961 36, 888
16; 581 16, 536 16, 491
20, 153 20, 425 20, 397
20, 226 '20,691 20, 714
11,835 '12,112 12, 173
8.390 ' 8. 579 8.541
justed data for manufacturing are shown on p. S-5; those for retail trade on p. S-ll.
tSee corresponding note on p. S-ll.
t Re vised series. The panel of reporters in the Census Bureau wholesale sample has been
updated to reflect information from the 1963 Census of Wholesale Trade; comparable data
prior to Sept. 1905 appear on pp. 26 ff. of the Nov. 1900 SURVEY.
75, 788
48, 352
27, 436
36,680
16, 496
20, 184
19, 924
11,722
8,203
March
SURVEY OF CURRENT BUSINESS
1967
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1967
1966
1966
Jan.
Annual
S-5
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES— Con.
Inventory-sales ratios:
Manufacturing and trade, totalft
ratio
Manufacturing, total
Durable goods industries
Materials and supplies
Work in process
Finished goods
do
do
do
do
do
Nondurable goods industries
Materials and supplies
Work in process
Finished goods
Retail trade totalt
Durable goods stores.
Nondurable goods stores
do
_ __do
do
do
do
do
do
_
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. $..
Shipments (not seas, adj.), total
.
Durable goods industries, total 9
Stone, clay, and glass products.
Primary metals..
.
Blast furnaces, steel mills _
Fabricated metal products
_
Machinery except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts ._
Instruments and related products^ _ .
Nondurable goods industries, total 9 .
Food and kindred products _ .
Tobacco products
Textile mill products
Paper and allied products. _. _ . _ _
Chemicals and allied products
Petroleum and coal products. _
_
Rubber and plastics products
Shipments (seas, adj.), total
By industry group:
Durable goods industries, total 9
Stone, clay, and glass products.
Primary metals
Blastfurnaces, steel mills
Fabricated metal products. .
Machinery, except electrical
Electrical machinery
__.
Transportation Equipment
Motor vehicles and parts...
Instruments and related products
Nondurable goods industries, total 9
Food and kindred products
Tobacco products
.
Textile mill products
Paper and allied products.. .
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products..
1 46
1 48
r 1 43
1 45
1 42
1 46
1 48
1 47
1 48
1 49
1 51
1 52
1.54
1.54
1.55
1 61
1 91
1 64
1 98
1 61
1 91
1 62
1 91
1 58
1 86
1 62
1 93
1 61
1 93
1 63
1 97
1 65
1.99
1 68
2 05
1 70
2.07
1 70
2.06
1.73
2 12
1.71
'2.11
59
80
52
.59
87
52
1 29
1 28
58
82
51
58
82
51
1 28
1 29
1 26
49
19
59
.50
19
60
.49
19
59
56
81
49
59
86
52
.59
88
.52
1 28
1 27
1 27
1 28
.50
19
58
.49
19
59
.58
84
51
.49
19
59
58
84
51
.49
19
59
.50
19
60
.49
19
59
' 1 40
1 86
1.17
1 42
1.97
1.16
1 39
1 84
1.16
1 39
1 88
1.16
1 37
1.80
1.16
1 42
1 98
1.16
47
.16
.16
1 43
2.04
1.15
1.14
1 49
1.14
1 49
.85
1.07
1 40
.81
1.11
1 43
.84
1.09
1 39
.83
1.12
1 45
.84
.13
48
.85
1.11
1 48
.82
.87
to
53
.62
91
.54
1 28
1 29
.61
.62
91
.53
r .55
1.76
2.18
.64
.97
.56
.49
20
60
'1.28
'.48
20
60
1.32
.50
.20
.62
.63
.94
.55
1 30
1 30
.50
20
60
.62
' .94
.50
19
59
.50
20
60
1 43
2.01
1.16
1 42
1.92
1.17
1 41
1.93
1.16
1 44
1.99
1.17
1 43
2.04
1.15
1 46
2.03
1.19
1 44
2.02
1.16
1.14
1.49
.86
1.15
1.50
.86
1.15
1.52
.86
1.17
1 55
.87
1.21
1.61
.90
'1.22
'1.61
.91
1.19
1.61
.87
1,016
9,941
11, 437
855
882
983
934
984
956
839
881
990
1,003
'1,114
975
do
483 343
598 448
39 982
43 570
45 218
44 918
44, 287
46 244
40, 412
43 109
46, 170
46 396
44,711 '43,501
41,869
do
do
do
do
do
252 242
11 753
41 910
22 916
24' 292
276
11
45
23
9
6
069
929
651
707
024
20 751
22 878
23 996
3 773
1 919
2 110
3,955
2 076
2,203
23 869
1 028
4 074
2 178
2 187
23 574
1,020
3,996
2 108
2,206
24 652
1, 114
4,066
2 104
2,332
20, 599
3 379
1 713
1 908
3,507
1,881
2,006
21, 432
1,074
3,790
2 007
2,263
23 753
1,075
3,954
2 067
2,341
24 158
1 075
3 851
1
981
9
232
23,425 r 22, 982 21, 587
'877
834
959
3, 731 ' 3, 575 3,675
1,901 ' 1,772
1,900
2,142 ' 2, 094 1,974
do
do
do
do
_do
36 490
33* 593
68* 039
45 412
8 347
40
39
73
46
9
204
852
460
470
806
2
2
5
4
3
3
6
4
3 526
3 332
6 655
4,431
3 506
3 218
6 496
4 280
3 440
3 181
6 415
4,118
3 075
3 065
4,925
2,790
3 162
3 315
4 437
2,179
3 406
3 668
5 857
3,574
794
790
3 641
3 396
6 610
4,277
231 101
80 678
4 864
19 318
19, 385
36 030
19 178
11 653
959
87
5
9Q
21
38
9Q
19
379
761
104
407
770
676
517
759
21 049
7 177
20, 713
7,245
do
_do .
do
do
_do^
do
do
do
856
952
854
981
034
885
312
193
485
270
976
678
742
809
19 231
6 861
20,692
7 234
21, 222
7,259
387
1 495
1 632
1 622
986
410
1 672
1 743
3 145
1 668
1 061
430
398
427
990
861
752
21, 592
7,508
19, 813
7,031
465
432
1,754
1,810
3,404
1,597
1 113
1 685
1 770
3 498
1 722
1 124
1 662
1,784
3 365
1 685
1 094
1, 789
1,929
3,401
1,748
1, 127
1,462
1,699
2,980
1,709
971
817
21,677
7,411
447
1,791
1,926
3,187
1,743
1 042
892
22, 417
7,787
440
3
3
6
4
465
641
537
250
874
29 168
7, 546
418
1,845
1,927
3,375
1,743
1 078
1 847
1,908
3 313
1 794
1 109
3 270
3 540
6,585
4,250
880
' 3, 449
' 3, 449
' 6, 477
'4,017
'917
3 152
3 183
5,871
3,767
759
42 665
42,702
44, 121
43 540
44 071
44, 125
44, 327
44,206
44, 091
44 487
44,393 '45,511
do
do
do
do_ _
do
22, 307
1 092
3 499
1,741
2 130
22,433
1 042
3,643
1,843
2 202
23, 238
1,078
3,726
1,930
2,288
22, 708
22, 915
22, 898
23, 031
979
940
22, 874
22,971
23,451
3 803
2,006
2 148
3,798
2,012
2,129
3,840
2,012
2,144
4,045
2,210
2,142
3,922
2,036
2,130
3,919
2,039
2,201
3,839
1,996
2 098
23,237 '23,715 23, 262
979 ' 1, 068 1,060
3,893
3,803
3,812
1,931
1,983 '1,982
2,180 ' 2, 267 2, 198
3,257
3 145
5 962
3 824
3,179
3 120
6,049
3 955
3,285
3,266
6,243
4,096
3,363
3,496
5,742
3,405
3,364
3,377
5,915
3,550
3,422
3,413
5,845
3,569
3,559
3 445
6,389
4 033
3, 468
3,386
6,226
3, 853
800
801
3,321
3,230
6,114
3,908
740
803
3,254
3,313
6,176
3 895
764
3,226
3 284
5, 939
3 844
20 358
7 157
20, 269
7 114
20, 883
7,257
20 832
7 255
21, 156
7 340
1,659
1,717
3 143
1,605
1,055
1,624
1,710
3,127
1,638
1,051
1,729
1,763
3,326
1,640
1,081
1,670
1,740
3,260
1,756
1,079
2 44 909 2 49 609
101 305 2 no 451
2 60, 300 2 67, 889
2 50, 403 2 52 045
2 37, 543 2 38 977
2 188, 883 2 209, 477
4 005
8 979
5,484
4 298
3,427
16, 472
3 956
8 961
5,314
4,410
3,361
16,700
4,140
9,140
5,529
4,573
3,488
17, 251
2 9J 919
do
do
do
do
do
do
do
do
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....
427
2
433
450
932
416
813
21, 227
7,334
844
21,296
7,274
951
851
21,332
7,476
425
980
971
833
847
21, 120
7,360
21, 036
7 290
435
417
1,723
1,790
3,214
1,734
1,082
1,704
1,839
3,260
1,734
1,050
1,717
1,875
3, 237
1,733
1,080
1,725
1,878
3,203
1,718
1,064
1,688
1,843
3,170
1,728
1,043
1,704
1,841
3,219
1,781
1,029
4 080
9 092
5,453
4,275
3,340
17, 300
4 204
9 193
5,626
4,327
3,203
17, 518
4,189
9 195
5,605
4,373
3,250
17, 513
4,227
9 199
5,793
3,857
3,181
18, 070
4 146
9 373
5,731
4,031
3,165
17,760
4 162
9 337
5,753
4,054
3,205
17, 580
4 162
9 138
5,943
4,494
3, 086
17, 664
411
430
418
856
'
'
'
'
3, 583
3, 389
6, 268
3, 899
'845
3,475
3, 501
5, 925
3, 618
855
21,156 '21,796 21,463
7, 334 ' 7, 672 7, 503
422
' 426
416
1, 760
1,734 '1,752
1,878 ' 1, 903 1,903
3,191 ' 3, 286 3, 234
1,704
1,739 ' 1,719
1,054
1,036 ' 1,111
4 196 ' 4 226
9 °63 ' 9 597
5, 797 ' 5, 946
4,355 ' 4, 399
3,146 '3,211
17,636 '18,132
4, 233
9 413
5,757
4, 096
3,316
17, 910
2 33 940
2 53, 220
1 698
9 604
4,272
1 711
2 577
4,192
1,817
2,637
4,376
1 785
2 638
4,301
1 754
2 832
4,353
1 735
2, 730
4,375
1 803
2 894
4, 553
1 760
2 849
4,510
1 760
2 822
4,559
1 788
2' 888
4,648
do
do
do ...
67, 620
41, 831
25, 789
77 399
49 439
27,960
68 651
42 463
26, 188
69,441
43,070
26,371
70 049
43, 594
26, 455
70 755
44, 219
26, 536
71, 668
44, 910
26, 758
72, 380
45, 444
26, 936
72, 684
45. 634
27, 050
73,770
46,680
27,090
74,417
47,319
27, 098
75, 297
47, 993
27, 31)4
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____
68, 015
77, H97
68, 594
69,040
69, 648
70, 346
71, 103
71, 949
72, 958
74,110
74, 884
75, 788
76,896 '77,897
78,918
42, 324
1, 626
6 349
3 678
4, 856
50, 037
1, 746
7 109
4 043
5. 314
42, 589
1, 638
6 438
3 760
4,828
42,884
1,643
6 486
3 786
4, 829
43, 273
1,652
6 553'
3,813
4,779
43, 779
1,662
6 594
3,817
4,754
44, 275
1,688
6 700
3,887
4,758
45, 003
1,697
6,770
3,917
4, 782
45, 790
1,692
6,787
3,911
4,837
46,814
1,698
6 902
3,966
4,916
47, 568
1,675
6 908
3 993
5,048
48, 352
1 . 703
6 971
4 048
5,109
49,310 '50,037
1,722 ' 1,746
7 057 ' 7, 109
4, 043
4 077
5, 214 ' 5,314
50, 627
1, 775
7, 113
4, 086
5,300
Machinery, except electrical
do
8,508
8,521
9, 942
Electrical machinery
.do
6,093
6,177
7.653
8,930
Transportation equipment
do
8,984
11,369
Motor vehicles and parts
do
3 318
3 263
3 538
Instruments and related products. .do - . . 1,788
1,806
2* 214
r
Revised. 1 Advance estimate.
2 Based on data not seasonally adjusted,
tbee corresponding note on p. S-ll.
8,575
6, 210
9,047
3, 276
1, 822
8,610
6, 334
9,186
3,226
1,851
8,658
6,408
9,481
3,274
1,883
8,756
6,552
9,483
3,314
1,932
8,958
6,688
9,634
3,233
1,987
9,097
6,841
10, 006
3,394
2, 023
9,329
6,998
10,399
3,537
2,062
9,536
7,205
10,557
3 489
2,106
9, 665
7.383
10,780
3 518
2,150
9,852 ' 9, 942 10,039
7. 580 ' 7, 653 7 806
11.091 '11,369 11,689
3 553 ' 3, 538 3, 566
2, 200
2,174 '2,214
Inventories, end of year or month:
Book value (unadjusted), total .
Durable goods industries, total
Nondurable goods industries, total
9 Includes data for items not shown separately,
corresponding note on p. S-4.
3, 800
i 6, 100
44, 725
7 965
2 47, 115
2 9
1
21,286 '20,519 20, 282
7,195
7, 354 ' 7, 348
382
417
433
'
1,
628
1,593
1,777
1, 860 ' 1, 782 1,808
3,077 ' 2, 933 3, 086
1, 721
1.733 ' 1,753
985
1 008 ' 1, 039
do
995
i 23, 200
1 803 ' 1 8" 1 855
2 864 ' 2 909 2 854
4,546 ' 4, 589 4,647
76,383 '77,392
48,764 '49,432
27,619 '27,960
78, 907
50, 438
28, 469
i 22, 800
i 3, 700
i 5, 700
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1966
Annual
March 1967
Jan.
Feb.
Mar.
Apr.
May
June
1967
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?
-- __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 equipmentdo
Nondurable goods industries, total 9 --do
Food and kindred products
do
Tobacco products.
do
Textile mill products
do
Paper and allied products
do
Chemicals and allied products
do
Petroleum and coal products _
do
Rubber and plastics products.do _ _
By stage of fabrication:
Materials and supplies
__ . -do
Work in process
do
Finished goods _. . _ _
do
By market category:
Home goods and apparel
do
Consumer staples
do
Equip, and defense ^rod.,
excl.
auto
do
Automotive equip ie f i t
do
Construction mat ials ad supplies
do
Other materials and su^ ies
. _ do
Supplementary market ca Dories:
Consumer durables
_
do
Defense products..- __ .
_ . do .
Machinery and equipment
do
12, 943
2,388
3,816
2,278
18, 109
2,130
6,699
5,465
11, 272
1,831
4,086
1,187
14, 802
2,603
4,877
2,477
22, 263
2,477
7,853
7,512
12, 972
2,029
4,865
1,380
12, 951
2,423
3,862
2,250
18, 285
2,179
6,744
5,537
11,353
1,836
4,092
1,197
13,004
2,428
3,901
2,261
18,468
2,224
6,777
5,589
11,412
1,834
4,107
1,197
12, 988
2,445
3,963
2,188
18,807
2,255
6,843
5,802
11,478
1,853
4,138
1,196
13, 146
2,490
4,019
2,195
19, 141
2,244
6,904
6,078
11, 492
1,860
4,143
1,208
13,298
2,489
4,120
2,226
19, 302
2, 337
6,977
6,003
11,675
1,874
4,211
1,254
13, 507
2,486
4,266
2,221
19, 693
2,394
7,099
6,149
11,803
1,890
4,281
1,264
13, 653
2,472
4,390
2,227
20, 235
2,438
7,221
6,522
11,902
1,877
4,327
1,257
13, 997
2,495
4,529
2,363
20, 698
2,501
7,356
6,771
12, 119
1,906
4,442
1,265
14,309
2,486
4,673
2,452
20,949
2,452
7,489
6,847
12,310
1,970
4,579
1,258
14, 465
2,505
4,785
2,449
21,446
2,504
7.628
7,030
12,441
1,962
4,635
1,301
14, 599 r 14, 802
2,548 r 2, 603
4,846 r 4, 877
2,468 ' 2, 477
21,934 22,263
2,503 ' 2, 477
7,791 r 7, 853
7,284 '7,512
12,777 12, 972
2,006 ' 2, 029
4,795 ' 4, 865
1,339 '1,380
25, 691
6, 034
2,371
3, 130
1,965
4,335
1,756
1,279
27, 860
6,394
2, 343
3,333
2, 271
5,039
1,869
1,402
26, 005
6,243
2,334
3,119
1,970
4,409
1,787
1,296
26,156
6,230
2,338
3,169
1,981
4,460
1,816
1,293
26, 375
6,357
2,394
3,174
1,985
4,460
1,809
1,295
26, 567
6,480
2,395
3,173
1,997
4,504
1,802
1,299
26, 828
6,515
2,394
3,156
2,028
4,632
1,795
1,309
26, 946
6,503
2,383
3,248
2,068
4,664
1,776
1,323
27, 168
6,534
2,366
3, 297
2,131
4,741
1,804
1,345
27, 296
6,361
2,350
3,348
2,171
4,819
1, 829
1,364
27,316
6,274
2,339
3,322
2,194
4,880
1,813
1,368
27, 436
6,284
2,340
3,356
2,214
4,937
1,819
1,386
27, 586
6,383
2, 307
3,286
2,230
5,000
1,835
1,422
9,964
3,862
11,865
10, 501
4,333
13, 026
10, 028
3,876
12, 101
10,072
3,877
12,207
10, 153
3,893
12, 329
10, 309
3,913
12, 345
10, 439
3,991
12, 398
10, 562
4,044
12, 340
10, 506
4,062
12,600
10, 615
4,126
12, 555
10,579
4,169
12,568
10, 542
4, 251
12, 643
10, 571 '10,501
4, 253 ' 4, 333
12, 762 '13,026
7,021
9,844
14,835
4, 032
6, 054
26, 229
8,190
10, 476
18, 166
4,358
6,537
30, 170
7,167
10, 039
14, 966
3,992
6,017
26, 413
7,247
10,036
15,054
4,003
6,071
26,629
7,329
10, 251
15, 266
3,941
6,072
26, 789
7,403
10, 380
15, 557
3,992
6,090
26, 924
7,521
10, 466
15, 655
4,028
6,124
27,309
7,573
10, 485
16, 034
3,952
6,192
27, 713
7,609
10, 499
16, 330
4,117
6,202
28, 201
7,768
10, 313
16, 709
4,293
6,267
28, 760
7,893
10,247
17,125
4,253
6,298
29,068
8, 002
10,313
17,457
4, 298
6, 380
29, 338
8,083 ' 8, 190
8,326
10, 415 '10,476 10, 667
17, 877 '18,166 18,519
4,354 ' 4, 358
4,390
6,442 ' 6, 537 6,538
29, 725 '30,170 30, 478
3,287
6,388
10, 701
4,189
8, 732
12, 592
3,384
6,519
10, 735
3,423
6,581
10,815
3,475
6,824
10, 848
3,508
7,079
10, 939
3,627
7,099
11,063
3,721
7,304
11,339
3,765
7,513
11, 537
3,831
7,736
11,818
3,922
7,925
12,096
4,035
8, 189
12, 228
4,300
4,148 ' 4, 189
8,465 ' 8, 732 9,007
12, 471 ' 12, 592 12, 741
492, 272
260, 732
231, 540
542, 179
289, 836
252, 343
42, 379
23, 052
19, 327
45,434
24,578
20,856
47, 398
26, 099
21,299
46,401
25, 238
21, 163
44, 748
23, 969
20, 779
47, 664
26, 120
21, 544
42, 314
22, 521
19, 793
43, 805
22, 244
21, 561
48,083
25,810
22,273
46, 649
24,518
22, 131
43, 927 '43,377
22, 738 '22,949
21, 189 '20,428
42, 107
21,851
20, 256
14, 937
2,633
4,981
2,498
22, 637
2,455
7,891
7,817
13, 053
2,025
4,973
1,374
27, 860 28, 291
' 6, 394 6,557
' 2, 343
2,339
'3,333
3,333
' 2, 271 2, 268
r
5, 039
5,164
1,929
'1,869
'1,402
1,438
10, 665
4,363
13,263
New orders, net (not seas. adj.), total.
Durable goods industries, total
Nondurable goods industries, total .. .
do
do
do
New orders, net (seas, adj.), total
By industry group:
Durable goods industries, total 9
Primary metals
_
Blast furnaces, steel mills
_._ ..
Fabricated metal products
Machinery, except electrical.. _.
Electrical machinery.
Transportation equipment
Aircraft and parts
__.
2492, 272 2542,179
43, 986
44,129
45, 833
45,064
45, 321
45, 833
45, 625
44, 842
46,318
45, 243
44, 052 '45,845
43, 746
260, 732
do
41,017
do
21,378
do. .
do
24, 914
38,434
do
do. .. 35, 292
do
72, 973
. do. . 22,044
289, 836
46, 879
24, 285
26, 743
42, 677
42, 269
79, 861
27, 503
23, 578
3,603
1,776
2,177
3,427
3,462
6,526
2,268
23,741
3,994
2,141
2,247
3,317
3,332
6,574
2,092
24, 888
4,057
2,104
2,411
3,529
3,489
6,873
2,395
24, 197
3,905
2,037
2,206
3,538
3,612
6,561
2,099
24, 276
4,305
2,331
2,237
3,553
3,466
6,488
1,942
24, 593
4,109
2,173
2,163
3,609
3,487
6,902
2,569
24, 371
4,106
2,277
2,231
3,426
3,744
6,639
2,340
23, 512
3,792
1,906
2,128
3,774
3,603
5,986
2,072
25,274
4,047
2,166
2,106
3,715
3,676
7,561
3,403
24, 244
3,817
1,881
2,231
3,647
3,579
6,860
2,237
23, 027 '23,960
3,588 ' 3, 677
1,834 ' 1, 737
2,275 ' 2, 403
3,675 ' 3, 582
3,507 ' 3, 358
5,714 ' 6, 540
1,679 '2,410
22,364
3,371
1,512
2, 128
3,379
3,516
5,684
1,839
231, 540
63, 458
168, 082
252, 343
69, 463
182, 880
20, 408
5,580
14, 828
20,388
5,604
14,784
20,945
5,745
15, 200
20, 867
5,650
15, 217
21, 045
5,692
15, 353
21, 240
5,834
15,406
21,254
5,952
15,302
21,330
5,938
15, 392
21,044
5,792
15,252
20, 999
5,822
15,177
21, 025 '21,885
5,799 ' 6, 091
15, 226 '15,794
21,382
5,949
15, 433
45, 057
101,315
65,081
51, 053
38, 058
191,708
49, 710
110, 454
75, 275
52, 058
39,413
215,269
4,119
8,981
6,112
4,298
3, 452
17, 024
3,937
8,960
5,833
4,332
3,399
17,668
4, 173
9,141
6,036
4,538
3,600
18, 345
4.051
9,092
6,295
4,343
3,426
17, 857
4,227
9,197
5,937
4,516
3,227
18, 217
4,271
9,202
6,378
4,418
3,219
18, 345
4,174
9,205
6,464
3,884
3,221
18, 677
4,149
9,373
5,891
4,027
3,156
18, 246
4,184
9,330
7,751
4,126
3,073
17,854
4,178
9,131
6,584
4,594
3,173
17, 583
4,124 ' 4, 207
9,260 ' 9, 597
5, 543 ' 6, 607
4,184 ' 4, 200
3,200 ' 3. 373
17, 741 '17,861
4,208
9,409
5,283
3,930
3,246
17, 670
19, 449
32, 534
49, 679
21,318
40, 469
56. 770
1,810
3,402
4,450
1,676
3,035
4,584
1,819
3,375
4, 587
1,784
3,299
4,788
1,812
2,907
4,845
1,817
3,685
4,753
1,739
3,503
5,092
1,749
3,155
4,813
1,758
4,671
4,906
1,824
3,308
4,816
64,896
61,543
3,353
78, 630
75,315
3,315
67, 293
63, 844
3,449
69,1.56
65,543
3, 613
71,337
67,646
3,691
72, 822
69, 018
3,804
73, 279
69, 410
3,869
74, 705
70,883
3,822
76,602
72, 801
3,801
77, 300
73, 615
3,685
79,213
75,673
3,540
79, 537
76, 033
3,504
78, 753 '78, 630
75,346 '75,315
3,407 '3,315
78, 867
75, 578 V 75, 400
3,289
66,068
79,917
67, 388
68,814
70,527
72, 049
73, 297
75, 009
76, 310
76, 942
79,170
79, 923
79, 581 '79,917
78, 937
62, 534
5,646
2,730
5,467
10,304
9,830
25, 993
19,781
76.415
6,909
3, 305
6, 221
12, 816
12, 279
32, 350
26, 056
63, 803
5,750
2,765
5,513
10, 475
10, 147
26, 557
20, 397
65,110
6,102
3,063
5,558
10,613
10,358
27,082
20,846
66, 762
6,434
3,238
5,681
10, 857
10, 581
27, 712
21, 566
68,250
6,536
3,269
5,740
11, 169
10,909
28, 333
22, 006
69, 609
7,042
3,588
5,847
11,468
11,061
28, 646
22, 110
71, 308
7,312
3.749
5,866
11,757
11,318
29, 434
22, 927
72, 651
7,374
3,816
5,954
11,820
11, 567
30, 332
23, 420
73, 286
7,244
3,686
5,952
12, 230
11, 793
30, 402
23, 649
75,591
7,372
3,813
5,856
12,524
12,056
32,119
25,274
76, 382
7,350
3,698
5,989
12,611
12, 189
32. 590
25, 673
76, 170
7,125
3,550
6,084
12, 818
12, 310
32, 078
25, 513
'76,415
' 6, 909
' 3, 305
' 6, 221
'12,816
'12,279
'32.350
'26,056
3,534
3,502
3,585
3,704
3,765
3,799
3,688
3,701
3,659
3,656
3,579
3.541
3,411
' 3, 502
2,124
34, 732
6,041
23, 171
2, 230
42, 205
6,493
28, 989
2, 241
35, 360
6,063
23, 724
2, 219
35,803
6, 099
24,693
2 254
36', 275
6,211
25, 787
2,225
37, 186
6,298
26, 340
2,250
37, 687
6,320
27, 040
2,341
38, 503
6,290
27, 875
2,295
39, 198
6,330
28, 487
2,295
39, 354
6,320
28, 973
2,313
41,426
6,188
29,243
2,324
42, 165
6,274
29, 160
1,601
1,704
1,680
1,677
1,712
24, 587
31, 765 25, 383 25,841 26, 578
16, 000
19,614 16, 181 16,575 16, 785
r
2
Revised.
i Advance estimate.
Data for total an d components (i ncl. mai ket
categories) are based on new orders not seasonally acljusted.
9 Includes data for items not shown separately
©I acludes t Bxtile mi 11 produ cts,
leather and products, paper and allied products, and printing and publ shing inclustries; un-
1,678
27, 239
17, 273
do
Nondurable goods industries, total.. . . do .
Industries with unfilled orders©
do
Industries without unfilled orders! - - do _
By market category:
Home goods and apparel
do
Consumer staples
. __ _ ..
do
Equip, and defense prod., excl. auto.
do
Automotive equipment
do
Construction materials and supplies. ._ _ do
Other materials and supplies
do
Supplementary market categories:
Consumer durables
do
Defense products
do
Machinery and equipment..
do .
Unfilled orders, end of year or month (unadjusted),
total
* mil $
Durable goods industries, total
do
Nondur. goods indus. with unfilled orders®. do
Unfilled orders, end of year or month (seasonally
adjusted), total
mil $
By industry group:
Durable goods industries, total 9
do
Primary metals
do
Blast furnaces, steel mills
do
Fabricated metal products
do
Machinery, except electrical
do _
Electrical machinery
do
Transportation equipment- _.
. - do
Aircraft and parts
do
Nondur. goods indust. with unfilled orderse. do
By market category:
Home goods, apparel, consumer staplesE quip, and defense prod., incl. auto
Construction materials and supplies
Other materials and supplies
Supplementary market categories:
Consumer durables
Defense products
Machinery and equipment
do
do
do
do
do
do
do
1,764
2,727
4,647
' 1, 786 1,848
2,869
' 3, 359
4, 555
'4,603
2,247 ' 2, 230
41,740 '42,205
6,330 ' 6, 493
29, 264 '28,989
i 23,000
i 22, 200
13,500
15,600
13,100
14,300
75,517 i 75, 000
16,300
6,477
2,886
6,152
12, 720
12, 295
32, 109 ~i~32~000
26, 086
3,420
2,199
41, 565
6,421
28, 752
1,740 ' 1, 704 1,696
31, 316 '31,765 31, 782
19, 602 '19,614 19, 524
1For these inclustries ( Food and
filled (orders for other nondurable goods in dustries are zero,
kindnid produ cts, toba 2co prod iicts, app arel and related p roducts, petroleurn and cc al products, chemical s and all ed prodt icts, and rubber and pi as tics prod ucts) sal js are co nsidered
equal to new o rders.
1,736
27, 316
17, 762
1,819
28, 269
18, 142
1,757
28, 879
18, 683
1,744
29, 184
18, 986
1,744
31,033
19,333
1,780
31,453
19, 499
SURVEY OF CURKENT BUSINESS
March 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
S-7
1966
Jan.
Feb.
Mar.
Apr.
May
June
1967
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS^
New incorporations (50 States and Dist. Col.):
Unadjusted,
_ ._
_ _
number
Seasonally adjusted®
do
INDUSTRIAL AND COMMERCIAL
FAILURES &
Failures, total __ _ _
number
Commercial service
Construction
Manufacturing and mining
Retail trade _
Wholesale trade
do
do
do
do
do
Liabilities (current), total
thous $
Commercial service
Construction
Manufacturing and mining
Retail trade
.
Wholesale trade
do
do
do
do
do
Failure annual rate (seasonally adjusted)
No. per 10 000 concerns
203 897
200, 010
19, 731
18 087
16 585
17 451
20, 156
17 266
17,299
17 057
17, 036
16 644
17, 500
16 577
15, 336
16074
16, 149
16,343
14, 528
15,764
15,241
16,233
13, 982
16,206
16,467
16, 583
18, 714
16, 703
13 514
13, 061
1,084
946
1 226
1,106
997
1,077
1,017
1,249
1,042
1,150
1,112
1,055
1,191
1 299
2 513
2 097
6 250
1 355
1,368
2 510
1 852
6,076
1 255
101
203
160
515
105
103
167
139
430
107
130
9Q9
171
601
115
121
206
154
509
116
108
210
121
459
99
100
212
157
511
97
94
186
144
492
101
112
276
191
567
103
123
195
159
470
95
138
213
154
542
103
127
214
145
526
100
111
219
157
454
114
113
223
171
558
126
1 321 666 1 385 659 103 175
95 536 103 471 110 141
523
980
324
478
361
185, 202
326 376
352 861
344 346
176 874
8 021
13 877
23' 029
42,216
16 032
8 595
24 306
18* 163
35, 165
9 307
i 53 3
i 51 6
50 7
44 1
248
290
350
287
144
96 376 123 575
69 876 178 088 129 162 108 046 106 732 161 481 108, 172
005
630
928
749
159
20 761
35 024
22 Oil
22, 444
9 901
26,400
23 832
20 164
17.054
8 926
27, 123
20 736
28 330
32, 528
14 858
4 459
18 233
19 230
18, 757
9 197
38, 358
33 193
43 497
30, 488
32 552
14, 435
24 513
50 411
23, 928
15 875
8,230
24 399
34 992
26, 043
14 382
6,161
24 523
33 768
27, 343
14 937
11,654
67,110
29, 338
38, 631
14, 748
8,044
19, 361
32, 818
27, 301
20, 648
50 2
47 4
45 8
49 4
52 3
60 8
56 6
57 2
55 6
52.4
55.4
11
16
29
29
16
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 9
do
Dairy products.
._. .
do
Meat animals
do
Poultry and eggs.. _
do
Prices paid:
All commodities and services
do
Family living items
do
Production items .. . .
do
All commodities and services, interest, taxes, and
wage rates (parity index)
_ 1910-14 = 100.Parity ratio §
.
do
248
232
261
245
173
164
236
513
261
261
319
145
265
235
291
215
179
185
242
551
292
293
356
160
262
226
287
225
171
171
225
540
293
277
369
160
270
232
312
224
174
173
232
545
303
277
384
170
269
231
291
236
170
171
234
545
303
277
380
174
265
236
313
240
172
168
243
547
291
272
365
161
263
239
290
240
175
174
262
546
284
266
361
150
264
241
281
246
175
189
269
546
283
267
359
147
267
245
304
252
182
204
224
546
285
285
351
153
272
241
309
179
188
199
241
559
298
301
365
162
270
236
270
179
190
198
255
571
299
318
354
168
266
233
259
190
184
188
274
563
294
328
343
160
259
230
295
185
183
189
232
540
284
325
323
163
258
230
279
186
187
191
219
564
282
321
322
158
255
224
282
168
186
187
201
555
281
311
330
152
252
223
283
175
184
179
195
561
277
307
328
142
288
306
276
298
315
285
292
309
281
295
312
282
297
314
284
296
314
283
296
315
283
296
314
283
297
315
285
299
317
287
301
318
289
300
318
287
300
318
286
300
318
287
301
318
289
301
318
288
321
77
334
80
327
80
329
82
331
81
333
80
333
79
333
79
334
80
335
81
337
80
337
79
337
77
337
77
340
75
339
74
CONSUMER PRICES
(U.S. Department of Labor Indexes)
Unadjusted indexes:
All items..
Special group indexes:
All items less shelter
All items less food
Commodities
Nondurables
Durables?
New cars
Used cars
Commodities less food
Services...
Services less rent
Food9
Meats, poultry, and
Dairy products
Fruits and vegetables
Housing
Shelter?
Rent
Home ownership
Fuel and utilities?
Fuel oil and coal
Gas and electricity
Household furnishings and
Apparel and upkeep
Transportation
Private
_
Public
Health and recreation ?
Medical care .
Personal care
Reading and recreation..
Seasonally adjusted indexes:*
Food
Apparel and upkeep... Transportation
r
2
1957-59 = 100-,
109.9
113.1 3 111.0
111.6
112.0
112.5
112.6
112.9
113.3
113.8
114.1
114.5
114.6
114.7
114.7
114.8
do
do
do
do
do
_
do
.
do
..do
do"
do
do
fish
do
. .
do
do"
do
do
do
do
do
do.
"do""
operation., .do." ._
do
"
do
do
do"""
do
do
do
do
109.6
110.4
106.4
107.9
102.6
99.0
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
112.9
113.0
109.2
111.8
102.7
97.2
117.8
106.5
122.3
125.0
114.2
114.1
111.8
117.6
111.1
114.1
110.4
115.7
107.7
108.3
108.1
105.0
109.6
112. 7
111.0
125.8
119.0
127.7
112. 2
117.1
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
111.4
111.3
108.0
110.6
101.8
97.2
114.0
105.4
119.7
122.0
113.1
115.7
107.0
116.5
109.4
112.1
109.8
113.3
106.5
109.0
108.2
103.8
107.6
111.1
109.6
122. 0
117.1
124.5
110.8
115.9
111.9
111.6
108.4
111.1
102.0
97.1
115.4
105.6
120.1
122.5
113.9
116.9
108.1
117.4
109.6
112.3
109.9
113.5
106.6
108.9
108.2
104.0
108.2
111.4
109.9
122.1
117.6
125. 3
111.0
116.6
112.4
112.2
108.8
111.4
102.3
97.4
117.4
106.0
121.1
123.6
114.0
115.6
108.9
119.8
110.3
113.0
110.1
114.3
108.3
108.5
108.3
104.4
108.7
112.0
110.5
122.1
118.1
125.8
111.6
116.8
112.4
112.5
108.8
111.3
102.5
97.0
117.5
106.3
121.5
124.1
113.5
113.9
109.3
119.2
110.7
113.5
110.2
115.0
108.2
108.0
108.2
104.6
109.3
112.0
110.5
122.1
118.4
126.3
112.0
116.8
112.6
112.8
109.0
111.5
102.6
96.8
118.2
106.4
122.0
124.8
113.9
114.2
109.6
121.7
111.1
114.1
110.2
115.8
108.0
107.0
108.1
104.8
109.4
112.2
110.7
122.8
118.7
127.0
112.2
117.0
113.1
113.2
109.3
111.8
103.0
96.7
120.3
106.7
122.6
125.5
114.3
114.3
111.0
121.5
111.3
114.4
110.3
116.2
107.9
107.0
108.1
105.1
109.2
113.5
111.5
129.1
119.1
127.7
112.5
117.2
113.6
113.4
109.8
112.5
103.0
95.8
122.1
106.6
123.0
125.9
115.8
114.5
114.8
122. 3
111.5
114.6
110.6
116.4
107.9
107.0
108.1
105.2
109.2
113.5
111.6
129.2
119.5
128.4
112.7
117.4
113.9
113.8
110.0
112.9
102.7
94.4
120.1
107.0
123.5
126.5
115.6
114.8
116.0
116.6
111.8
115.0
110.7
116.8
108.0
107.4
108.1
105.7
110.7
113.3
111.3
129.5
119,9
129.4
113.0
117.5
114.3
114.4
110.3
113.1
103.5
98.4
120.8
107.6
124.1
127.1
115.6
113.8
117.1
115.3
112.2
115.5
111.0
117.4
108.1
108.3
108.0
106.1
111.5
114.3
112.3
129.6
120.4
130.4
113.3
118.0
114.4
114.8
110.2
112.9
103.5
99.3
119.3
107.8
124.7
127.7
114.8
111.8
116.7
114.9
112.6
115.8
111.2
117.8
108.3
108.9
108.1
106.5
112.0
114.5
112.6
129.6
120.8
131.3
113.4
118.3
114.3
114.9
110.1
113.0
103.1
98.6
114.2
107.7
125.2
128.3
114.8
110.9
116.5
114.3
113.0
116.4
111.3
118.6
108.4
110.2
107.9
106.7
112.3
113.8
111.7
129.8
121.0
131.9
113.7
118.4
114.2
114.8
109.9
112.7
102.7
97.6
113.0
107.3
125. 5
128.8
114.7
110. 3
116.4
115.3
113.1
116.5
111.4
118.7
108. 6
110.5
108.3
106. 7
111.3
113.4
111.4
129.8
121.4
132.9
113.8
118.5
114.3
115.2
109.9
112.7
102.8
97.3
114.0
107.6
125.9
129.2
114.2
110.7
116.1
114.2
113.3
116.8
111.7
118.9
108.7
111.1
108.3
107.0
111.9
113.8
111.8
130.0
121.8
133.6
114.1
118.6
111.6
107.8
110.8
113.1
108.0
111.4
114.2
108.5
111.8
114.0
114.9
114.0
114.0
113.2
115.3 '115.8 ' 115. 3 r 115.3
115. 5
112.3
111.9
109.4
111.7
109.5
109.6
109.6
110.5
110.8
111.3
114.3
113.2
112.0
112.3
113.4
113.5
113.5 ' 114. 1 114. 0 '113.3
tRe^visions for Jan. 19 33-Mar. L965 are a vailable upon req uest.
?Inc ludes da ta for itc,ms not
§Rat io of pr ces recei ved to p rices pai 1 (parity index),
shown separate ly.
*>^ewserie s. Begiiining wi th indexe s for Jan. 1966, sea sonally a djusted
indexe s for sele :ted grou ps and s ubgroups of the C PI were publishe d by the Dept. of Labor.
Additi onal info rmation and a de scription of the B LS Seas 3nal Fac tor Meth od are a^Bailable
from t he Burea u of Lab or Statis tics, U.S Dept. o f Labor, Washing ton. D.C . 20212.
_
do
do
do
Revised.
1 Based on unadjusted data.
Beginning with indexes for Jan. 1966, data for six additional areas (C incinnal i, Houst on,
Kansas City, Milwaukee, Minneapolis-St. Paul, and San Diego) hav ? been uicorpora ted
into the national CPI. These areas were "linked" into the CPI as of Dec. 19(55 and were
first used in calculating the Dec. 1965-Jan. 1966 price change.
^Compiled by Dun A Bradstreet, Inc. (failures data are for 48 States and Dis t. Col.).
© Revised seasonally adjusted data for Jan. 1964-Nov. 1965 will be she>wn later
114.3
108.8
112.3
r
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966 P
1965
March 1967
1966
Annual
Feb.
Jan.
Mar.
Apr.
May
June
1967
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
By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, etc
Finished goodsO...
By durability of product:
Durable goods
Nondurable goods
Total manufactures
Durable manufactures
Nondurable manufactures
Farm products and processed foods
i 104 7
i 91.9
i 114.6
i 109.5
i 101.9
i 115.2
112.0
100.7
120.5
113 8
101 9
122 9
113 6
100 7
123 5
112.5
100.8
121.5
110.7
100.4
118.3
111 4
102 0
118.4
113.1
105.3
118.8
110.6
109.1
111.7
107.3
105.1
108.9
103.7
100.1
106.3
102.6
98.1
105.9
102.8
98.6
105.8
102.9
97.5
106.8
102.0
97.5
105.2
do
102 5
105 8
104 6
105 4
105 4
105 5
105 6
105 7
106 4
106.8
106.8
106 2
105 9
105. 9
106.2
"106.0
do
do
do
98 9
102 2
103.6
105.3
104.8
106.9
105 2
103 4
105 6
107 5
103 8
106 3
106 9
103 9
106 4
106 3
104.3
106.3
105 7
104.8
106.2
105 6
104 9
106 4
107 8
105 4
107.0
107.4
105.8
107.5
106.1
105.6
108.1
103 6
105 3
107 8
101 1
105 3
107.8
100.8
105.4
107. 6
102.2
105.7
107.7
do
do
do
do
do
103 7
101 5
102 8
103 7
101.9
106.0
105 6
105.7
106.0
105.3
104 6
104 5
104 4
104 5
104.3
104 9
105 5
104 9
104 8
104 8
105 3
105 3
105 0
105 1
104 7
105.7
105 1
105.1
105.6
104.6
106.1
105 0
105.5
106.1
104.8
106 2
105 2
105 6
106 1
105.1
106 2
106 4
106 0
106 1
105.8
106.2
107 0
106 4
106 3
106.5
106.2
107.1
106.4
106.3
106.5
106 6
105 8
106 3
106 7
105 8
106 9
105 1
106 2
107 0
105.3
107. 1
104.9
106.2
r
107. 2
105.2
107.4
105.3
106.5
107.5
105.4
do
109 8
109 4
108 7
107 9
107 7
109 9
111 3
111.5
108 8
107 1
106.7
107.2
107
98
92
116
4
0
9
7
106 8
101 7
90 8
114 2
106.4
111.0
91 2
112 4
104.5
103.3
93 6
110.4
104 2
99.7
94 9
108 5
107 8
107 0
103 1
107 1
108.1
97.7
105 6
109 4
108.7
110.4
104.6
106.7
104 4
97 9
98 9
103 8
102
104
98
96
5
2
0
9
101.8
101.3
101.5
95.5
102.8
101.9
100.4
100.2
PlOl. 3
r
r
102 1
108 9
107 7
Farm products 9
do
Fruits and vegetables, fresh and dried do
Grains
do
Livestock and live poultry
do
98
101
89
98
4
8
6
9
105.6
102.5
97 3
107.8
104
97
92
112
Foods, processed 9 Cereal and bakery products
Dairy products and ice cream
Fruits and vegetables canned frozen
Meats, poultry, and
fish
do
do
do
do
do
105.1
109 0
108.5
102 1
101 0
111.5
115.4
118.5
104.8
110.2
110.3
111 8
110.9
104 7
112 7
111 8
112 1
113 0
105 2
114 9
111.5
112 2
115 0
104 8
113 3
110.6
112.6
114.8
104 8
110.9
110.5
113.0
114.9
105.4
110.9
110.6
114 0
116.5
104 9
109.9
111.7
115 5
119.8
104 5
110 0
113.8
118 9
124.0
102 3
111. 1
113.8
118.9
124.2
103.7
112.2
112 4
118 7
124 5
105 7
108 1
110.7
118 7
122.6
105 9
104 2
110.6
118.0
122.3
105.8
104.4
110.7
117.6
122.1
106.2
105.6
pllO. 3
Commod. other than farm prod, and foods_.do
102.5
104.8
103.5
103.8
104.0
104.3
104.7
104.9
105.2
105.2
105.2
105.3
105.5
105.5
105.8
*105. 8
97.4
95 0
94.4
112 7
103.5
105.4
97.8
95.7
94.5
102 8
104.4
106.7
97.6
95. 1
94.4
113 1
103.8
105.9
97 6
95 2
94 5
110 0
104 7
105 9
97.6
95 2
94.4
106 4
104 7
105.9
97.6
95.6
94.1
104.0
105. 5
106.2
97.7
96.0
94.1
102.5
106.6
106.2
97.6
95.8
94.3
101.6
104.8
106.8
97.9
95 9
94 5
1C5 3
104 2
106 8
97.9
95 8
94.7
105 5
102 5
106.8
98.0
95.8
94.8
103.8
102.5
106.8
97 9
95 9
95 0
94 5
103 7
107 3
98.0
96.0
95.0
91 6
105.0
107.8
98.2
96.4
94.7
95.1
105. 0
108.5
98.4
96.6
94.5
94.2
106.8
108.7
Fuels and related prod., and power 9
do
Coal
do
Electric power
Jan 1958—100
Gas fuels _
do
Petroleum products refined
1957-59 — 100
98.9
96 5
100 8
124.1
95 9
101.3
98 6
100.3
128.9
99 5
100.5
98. 1
100.4
128.2
98.3
100 3
98 2
100 4
128 9
97 §
99.9
97 5
100.4
128.2
97 2
100.0
94 9
100.3
129.2
97.7
100.4
96.9
100.2
128.3
98.4
101.5
97.2
100.2
128.5
100.2
101 4
97 6
100 3
128 3
99 9
102 0
98 5
100 3
128.9
100 7
102.2
99.6
100.3
129.2
101.0
10? 6
100 6
100 2
130 7
101 3
102.7
101 9
100 3
130.6
101 3
102.0
102.4
100.8
127.4
100.2
102.2
102.4
100.8
129.2
100.3
Furniture other household durables 9
Appliances, household
Furniture, household
Radio receivers and phonographs
Television receivers
do
do
do
do
do
98 0
89 2
106 2
80.2
88 5
99 1
89 1
109 1
78.4
86 9
98.3
89.0
107.0
78.4
87.4
98
89
107
78
87
4
0
2
5
3
98 4
89.1
107.2
78.4
86 8
98 6
89.3
108.3
78.4
86.8
98.9
89.4
108.9
78.3
86.8
98.9
89.4
108.9
78.4
86.8
109 1
78 3
86 8
99
88
109
78
86
1
8
4
3
8
99.2
'88.7
109.8
78.4
86.4
99 7
88 9
110 3
78 7
87 1
100 3
89 2
111.5
78.7
87 1
100.4
89.2
111.8
78.6
87.1
100. 5
89.2
112.4
78.4
87.1
Hides, skins, and leather products 9
Footwear
Hides and skins
Leather
Lumber and wood products
Lumber
.
do
do
do
do
do
do
109.2
110 7
111.2
108 1
101 1
101.9
119.7
118 2
140.8
121 0
105 6
108.4
116.0
114.6
140.0
116.6
102.8
104.3
117.8
115.0
152.8
118.0
103.7
105.6
118.7
115.4
147.8
123.3
105.6
107.2
120.6
118.2
148.8
122.4
108.4
110.8
122.8
118.9
163.0
125.1
109.6
113.2
122.9
118.9
161.0
126.6
107.7
112.0
122.7
119 0
156 4
126 0
106 6
110. 5
121.2
119 1
141.2
124 9
106.2
110.2
119.9
119.1
134.2
121.8
105.9
109.5
118 7
120 1
120 8
117 5
104 8
108 0
117.5
120.1
114.3
114. 1
103.0
105.6
117.3
120.3
109.2
116.2
102.5
104.5
117.6
120.7
110.6
116.9
102.3
104.3
Machinery and motive prod. 9
Agricultural machinery and equip
Construction machinery and equip
Electrical machinery and equip. .
Motor vehicles
. do
do
do
do
do
103.7
115 1
115 3
96.8
100 7
106.0
118 5
118 9
99.0
100 8
104.4
117 3
116 9
97.0
100.5
104.7
117.8
117.5
97.8
100.4
105.0
118 0
117.9
98.2
100.3
105.2
118 1
118 5
98.4
100.2
105.8
118.2
118.9
98.9
100.9
105.9
118.4
118 9
98.8
100.7
106.0
118 5
118 9
99.0
100. 7
106.2
118 3
118 9
99.1
100. 5
106.3
118.2
119.4
99.2
100.1
107 1
118 5
119 8
99 5
101 7
107.7
120 4
120 6
100.7
101.7
108.0
120.8
121.0
101.5
101.7
108.3
121.2
121.1
102.0
101.7
Metals and metal products 9
Heating equipment
Iron and steel
Nonferrous metals
do
do
do
do
105 7
91.7
101 4
115 2
108 3
92.5
102 3
120 9
107.0
91.5
102.0
118.3
107.5
91.7
102.2
119.5
108.0
91.8
102.3
120.8
108.2
92.1
102.0
122 1
108.4
92.1
101.8
122.5
108.7
92.5
102.0
123 2
108.8
92.9
102.2
122 9
108. 5
92.5
102.7
120 4
108.4
92.9
102.5
119.9
108 6
93 3
102 5
120 3
109.0
93.4
102.8
121 0
109.0
93.4
102.9
120.5
109.4
92.4
103.0
121.8
Nonmetallic mineral products 9
Clay products structural
Concrete products
Gypsum products
Pulp, paper, and allied products
Paper. _
_
Rubber and products
Tires and tubes
do
do
do
do
do
do
do
do
101 7
105 1
101 5
104.0
99.9
104.1
92 9
90.0
102 6
106 4
103 0
102 4
102.6
107 3
94 g
93 2
102.0
105. 6
102.0
101.4
101.2
105.2
93.7
91.1
102.1
105 8
102.1
101.4
101.3
105.4
94.1
91.1
102.1
105.9
102.2
101.4
101.8
105.4
94.3
91.1
102.3
106 0
102.7
101.4
102.3
106.0
95.4
94.4
102.4
106 3
102.7
102.2
102.7
107.1
95.4
94.4
102.5
106 5
103.0
102.7
103.0
108.0
95.4
94.4
102 7
106 5
103.1
102.7
103.2
108.2
95 1
93.9
102.7
106 7
103.3
102.7
103.2
108.4
95. 1
93.9
103.0
106.7
103.6
102.7
103 1
108.4
94.7
93.4
103 2
106 9
103 5
102 7
103 1
108 4
94 6
93 4
103.3
107 1
103.5
103.5
103.0
108.5
95.0
93.9
103.3
107.0
103. 9
103.5
103. 0
108.5
95.0
93.9
103.7
107.4
104.4
103. 5
103.1
108.5
95.5
94.8
do
do
do
do
do
do
101.8
103.7
100.2
95.0
134.3
104.3
102 1
105 0
102.5
89 6
153 6
105 9
101.9
104.6
101.0
91.3
147.6
105. 9
102.0
104.7
101.5
91.0
155.3
105.8
102.1
104.7
101.8
90.8
151.4
106.0
102.2
104.7
102.3
90.5
151.6
106.3
102.2
104.9
102. 6
89.9
140.9
106.4
102.2
104.8
102.8
90.0
143.8
106.5
102.4
105.0
103.0
90. 1
152. 1
106. 7
102.4
105.2
103.3
89.6
156.7
106.6
102.2
105.1
103.1
-88.6
158.6
106.1
102 2
105 3
103 3
105 6
102.1
105.5
103.0
87.7
161. 1
105.1
101.8
105. 4
102.7
86.9
163. 2
104.8
102.0
105.9
102. 5
87.1
166.1
104. 5
Tobacco prod, and bottled beverages 9 ...do
Beverages, alcoholic
do
Cigarettes
do
Miscellaneous
do
Toys, sporting goods
do
107.7
100.8
105.8
111 0
102.7
109.5
101 0
109 92
117
104 1
108.1
101.1
105.6
114.3
103. 2
108.0
101.0
105.6
116.0
103.3
109.2
101.0
109.5
113.1
103.3
109.4
101.0
110.0
113.0
103.7
109.4
101.0
110.0
115.1
103.7
109.8
101.0
110.0
115.7
103.7
110. 0
101.0
110.0
120 5
104.5
110.1
101.0
110.0
121. 1
104.9
110.1
101.0
110.0
120.4
104.8
110.1
101 0
110 0
118 2
105 0
110. 1
101.0
110.0
118.5
104.8
110. 3
101.4
110.0
120.5
104.8
110.3
101.4
110.0
121.2
105. 1
$0. 976
.910
$0. 945
.884
$0. 956
.901
$0. 949
896
$0. 949
.893
$0. 948
.889
$0. 947
.888
$0. 946
.886
$0. 940
883
$0. 936
.879
$0. 936
.876
$0. 942
873
$0. 944
.873
$0. 944
.872
$0. 942 !
.872
Chemicals and allied products 9
Chemicals, industrial
Drugs and Pharmaceuticals
Fats and oils, inedible
Fertilizer materials
Prepared paint..
do
do
do
do
do
do
.
Textile products and apparel 9
Apparel .
Cotton products
__ _
Manmade fiber textile products
Silk products. ._
Wool products
5
5
4
6
99 0
r89 1
r
8£ 1
161 1
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
r
1957-59 =$1. 00- .
do
1
Revised.
p Preliminary
Annual averages computed by OBE.
d"For actual wholesale prices of individual commodities, see respective commodities.
0 Goods to users, including raw foods and fuels.
$0. 943
.871
9 Includes data not shown separately,
SURVEY OF CURRENT BUSINESS
March 1967
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
S-9
1966
1966
Annual
Jan.
Feb.
Mar.
Apr.
May
June
1967
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
' 4, 723
Feb.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE f
New construction (unadjusted), total
Private, total 9
Residential (nonfarm) _ _
New housing units
Nonresidential buildings,
lic utilities total 9
Industrial
Commercial
.
Farm construction
Public utilities
mil. $__
71,930
73, 866
5,157
4,748
5,544
6,228
6,579
-__do_
_ _ _ .do
do
except farm and pubmil. $
do
- - _ _ _ _ . _ d o _ __
_ __ _ _
do
_ __
do
49, 999
26, 689
20, 765
50, 623
24, 633
18, 773
3,651
1,843
1,483
3,389
1,627
1,315
3,861
1,873
1,443
4,308
2,191
1,620
4,497
2,367
1,734
16, 521
5,086
6,704
1,195
5,178
18, 734
6,779
6,887
1,208
5,564
1,302
442
510
92
367
1,266
453
451
91
354
1,452
511
530
92
395
1,546
565
550
91
431
1,533
557
537
96
458
21,931
23, 243
1,506
1,359
1,683
1,920
2,082
7,716
464
883
7,547
8,516
550
770
8,324
647
38
54
390
622
36
52
305
659
38
69
511
712
42
66
657
745
44
56
769
_
._ _
Public, total 9
do
Buildings (excluding military) __ _ _ _ d o
Residential
do
Military facilities
_
_ __ _ _ _ d o _ _ _
Highways and streets
do
New construction (seasonally adjusted at annual
rates), total
mil. $
Private, total 9
_
_
do
Residential (nonfarm)
_
Nonresidential buildings, except
lic utilities, total 9
Industrial.
_ _ _ _ _ _
Commercial . ._ _ _
__
Farm construction
Public utilities. _ _ _ . _ _
Public, total 9 .
__
_do___
farm and pubmil. $_
_do__
_
_ _do__
_
do __
_ . ...do _
_
Buildings (excluding military)
Residential
_ _ __ _
Military facilities
Highways and streets
do
_
do
__ _do_ _
do
.do ,
' 7, 044 ' 6, 955
' 6, 915
6,074
' 5, 453
4,789
2,534
1,848
4,652
2,412
1,846
4,647
2,266
1,754
4,547
2,135
1,650
4,302
1,968
1,507
4,140
1,795
1.356
' 3, 840 ' 3, 277
' 1, 622 ' 1, 379
'1,217 ' 1, 033
1,621
612
573
102
495
1,612
616
585
111
481
1, 722
631
639
115
509
1,759
621
653
110
509
1,670
587
635
107
523
1,672
609
624
102
535
' 1, 579
'575
'600
99
'507
' 2, 255 ' 2, 303 '2,268
' 2, 187
' 2, 133
1,934
'1,613
'734
'52
75
'876
'728
'55
65
' 845
678
50
65
720
'645
45
60
496
'802
'48
74
'867
'779
'50
64
'962
'765
'52
70
'926
' 6, 734 ' 6, 435
1,361
453
507
96
407
' 1, 446
'608
41
48
404
4,312
3,015
1,239
942
0)
(0
0)
94
376
1,297
575
39
0)
314
77, 622
78, 920
79, 499
78, 578
76, 135 '74,795 '72,456 '72,215 '72,498 '69,307
69, 856 ' 69,934 '71,066
71,706
53, 285
54, 290
55, 066
54, 347
52, 284
52, 108
50, 061
49,668
49, 725
46,754
46,811 ' 46,876 ' 47,868
48, 282
27, 460
27, 463
27, 279
27, 437
27, 023
26, 156
25, 115
23, 927
23, 100
22, 012
20, 830 ' 20,459 ' 20,740
21, 156
18, 812
5,987
7,846
1,185
5,220
19, 388
6,629
7,294
1,190
5, 512
20, 495
7,073
7,672
1,194
5,409
19, 572
7,175
7,097
1,197
5, 458
18, 227
6,856
6,126
1,201
5,301
18,712
7,548
6,343
1,205
5,617
17, 884
7,163
6,280
1,210
5,490
18,546
7,164
6, 482
1,213
5, 624
19, 338
6,913
7,054
1,218
5,711
17, 574
6,223
6,608
1,222
5,575
18, 531 ' 18,868 19, 647
6, 444 ' 6, 250 6, 136
7,051 ' 7, 516 7,800
1,230
1,230
1,225
5, 792 ' 5, 891 '5,811
0)
0)
0)
1,233
5,833
24, 337
24, 630
24, 433
24, 231
23, 851 '22,687 '22,395 ' 22, 547 '22,773 '22,553
23, 045 ' 23,058 ' 23,198
23, 424
8,741
547
1,009
8,550
8, 455
573
887
8,791
8,455
569
650
8,783
49, 272 2 50, 1 50 ' 3, 453 ' 3, 592 4,737
9, 259
516
733
8,107
9,391
508
823
8,203
' 8, 339 ' 8, 223 '8,316
'551
'545
'550
744
800
746
' 8, 257 r 8, 175 ' 8, 145
' 8, 358 ' 8, 369 8,413
'550
'553
556
848
655
716
' 8, 216 ' 8, 240 8,266
' 8, 450 ' 8, 568
560
561
726
650
8,291 ' 8, 333
8,628
566
0)
8,354
CONSTRUCTION CONTRACTS
Construction contracts in 48 States (F. W. Dodge
Co.):
Valuation total
mil. $
Index (mo. data seas, adj.)
2
3 143
1957-59=100..
Public ownership
mil $
Private ownership
do
By type of building:
Nonresidential
do
Residential
_
do
Non-building construction
.
do.
New construction planning:
(Engineering News-Record): § _ _ .
do
Concrete pavement awards:
Total
thous. sq. yds
Airports
do
Roads
do
Streets and alleys
do
Miscellaneous
do
3145
152
157
5,098
5,132
4,854
158
161
156
147
' 4, 797 ' 4, 323
'147
139
' 4, 103
4,106
3,461
3,189
146
139
130
133
126
2, 838
22 16, 209
33, 064
2
18 152
231,998
' 1, 137 ' 1, 084
' 2, 316 ' 2, 509
1,463
3,274
1,574
3,524
1,902
3,230
1,937
2,916
1,379
1,568
2, 020
' 2, 778 ' 2, 754 ' 2, 724
1,607
2, 499
1,357
2, 104
1,287
1,903
1,113
1, 725
2
2 19, 393
2 17, 827
2 12, 930
'1,210 ' 1,364
' 1, 335 '1,412
'816
'908
1,726
2,004
1,007
1,883
2, 081
1,134
1,826
1,970
1,335
1,885
1,828
1,140
1,813
1, 729
' 1, 484 '1,515
1,079
1,499
1,676
' 1, 280
1,146
1,796
1, 225
1,086
1, 424
1,076
961
1,358
903
928
1,175
937
726
4,608
3,686
3,578
5,937
4,533
4,434
6, 940
4,940
5,401
' 67.1
42.5
'64.4
61.4
17,219
221,248
10, 805
2
45, 625
52,112
125, 580
4,410
86, 779
29, 016
5 376
119,108
4,187
87, 834
23, 643
3,443
3,384
3,942
4,902
2,362
3,807
34, 119
1,419
23, 814
8,027
859
25, 684
513
21 298
3,161
711
*459, 306
2, 255
4
42, 723
*12, 455
4
1 873
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total, inch 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, 542. 7 1, 251. 9
do
963.5
794.6
do
1, 505. 0 1, 220. 1
87.3
48.2
84.6
81.0
46.8
78.2
130.9
80.9
126.3
149.2
95.4
147.1
139.3
88.1
135.4
130.7
83.8
127.5
104.8
71.4
104.0
107. 3
71.2
105. 4
95.2
62.6
92. 4
82.8
55.2
80.2
77.6
' 50.9
75.3
do
do
do
86.3
61.5
83.7
79.5
55.4
76.7
128.7
91.4
124. 1
146.9
106.8
144.8
136.1
91.7
132. 2
128. 3
87.5
125. 1
103.1
69.6
102.3
105. 2
71.8
103. 3
93.0
63. 9
90.2
80.6
53.7
78.1
76.2
'50.6
73.9
1,611
1, 585
1,374
1,349
1, 569
1,538
1,502
1,481
1,318
1,287
1,285
1,261
1,088
1,068
1, 107
1, 084
1, 075
1,050
848
826
1,012
993
1,255
711
1,197
652
1,268
743
1,185
660
1,098
596
954
574
921
543
844
491
733
450
714
434
715
441
759
477
1, 520. 4 1, 228. 6
1, 067. 5
850.6
1, 482. 7 1,196.8
. do
do
New private housing units authorized by bldg. permits (12,000 permit-issuing places):
Seasonally adjusted at annual rates:
Total
thous
One-family structures _
do
1,241
710
966
566
' 65.7
'40.1
'63.6
'64.4
' 65. 7
'46.7
47.8
' 62. 3 ' 63.0
63.2
62.1
60.3
' 1, 089 ' 1, 282 1, 089
' 1, 066 ' 1, 251 1,073
'942
'549
847
551
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 = 100.
do
do
do
do
116
121
118
118
118
119
120
121
122
122
122
122
123
' 122
123
123
824
904
925
814
808
867
941
963
867
852
840
913
945
839
843
916
946
840
822
845
917
949
841
830
854
926
954
852
836
858
927
954
852
853
863
927
954
852
853
877
950
969
887
863
881
952
971
888
863
883
953
980
890
864
884
969
980
890
864
885
970
979
886
878
887
970
979
884
879
889
970
992
890
883
891
970
997
890
883
125
126
127
128
128
128
128
129
129
129
129
Associated General Contractors (building only)
124
124
123
124
1957-59 = 100.r
Revised.
i Not yet available; estimate inclmled in tot al.
2 A nnual to tal inclu des
revisions
not distributed to months.
* Compu ted from curnulati ve valu at ion total.
4
Data cover 6 months.
f Revised series. Monthly data for 1962-64 appear on p. 40 c f the Ma>T 1966 Su ElVEY.
9lnc ludes da ta not sh own sepa rately.
§Dat a for Ma *., June, Sept., ai id Dec. L9I56 are f or 5 wee cs; other months 4 weeks
SURVEY OF CURRENT BUSINESS
S-10
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1965
Annual
March 1967
1967
1966
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
125 1
125 9
125.5
122 6
125 3
126 2
125.7
122 9
124 9
136 5
125 2
137 3
Feb.
CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
H. Boeckh and Associates: <J
Average, 20 cities:
All types combined
1957-59 — 100
Apartments, hotels, office buildings
do
Commercial and factory buildings
do
Residences
do
gineering News-Record:
Building
do
Construction .
do
. of Public Roads— Highway construction:
Composite (avg. for year or qtr.) 1957-59 — 100
CONSTRUCTION
117.2
118.5
117.2
115.2
122.1
123.2
122.2
120.2
119 3
120.4
119.4
117 4
119 5
120.6
119.5
117.6
119 8
120 8
119 8
118 0
120
121
120
118
118.9
127.8
123.8
134.3
120 5
130 0
121.7
131.2
122 0
131 4
123 1
13? 4
105.7
113.0
2
3
1
4
121 9
123.1
121.9
120. 1
122 8
124 1
122.9
120 9
123 1
124 3
123 2
121 0
193 3
124 5
123 4
121 9
124 0
125 1
124.2
1?1 8
124 7
125.6
125.0
122 2
123 7
133 4
124 5
135 4
124 6
136 1
125 0
136 5
125 2
136 5
125 0
136 3
125 0
136 4
121
199.
121
119
3
4
3
7
113.7
109 0
r
1
1
125 5
137. 5
112 8
115 6
MATERIALS
tput index:
Composite , unadjusted 9
Seasonally adjusted
1947-49= 100 _ .
do
Iron and steel products, unadjusted
Lumber and wood products, unadj
Portland cement, unadjusted
do
do
do
156.3
135.4
144.4
137.4
155.2
171.8
177 6
r
168 4
165 4
r
175.9
164 2
r
180.5
168 5
r
T
160. 2
166 9
r
r
175. 8 ' 165. 1 ' 156. 8
160 0 ' 158 7 T 139 0
161.1
155.3
186.2
169 0
155 0
136 4
147. 0
103 6
144.2
150 2
101.6
189 9
178 4
172 2
189 0
167 8
184 7
187 5
168.8
211 3
196 4
166.5
950 6
175 3
142.7
226 7
185 3
166.3
258 3
171 5
158 1
233 3
162,8
150.1
'234 2
188.9
153.0
102.1
99 2
13.6
214
5.9
89
13.8
179
5.4
72
17.7
160
9.1
92
16.0
168
10.1
111
12.8
133
9.4
98
13.0
127
8.8
90
10.6
124
8.5
99
11.6
119
10.4
106
13.0
151
8.9
104
ome mortgages insured or guaranteed byFed. Hous. Adm.: Face amount.
mil. $ 7, 464. 59 6, 095. 32
Vet. Adm.: Face amount§
do
2, 652. 23 2, 600. 53
deral Home Loan Banks, outstanding advances
;o member institutions, end of period
mil. $. - 5,997
6,935
727. 41
236. 31
511. 89
189. 76
607.09
163. 04
515.71
131.82
497. 79
166. 66
557 09
205. 32
504. 84
546.13
219. 04
287 43
5,898
5,739
5,687
6,516
6,704
6,783
7,342
139.5
146 4
T
152. 1
135.3
174 6
137 9
129.2
9.9
122
9.1
119
8.7
135
7.0
103
12.5
203
6.6
104
10.1
157
7.1
107
515 89
257 14
415. 68
270. 88
368. 53
247. 50
327. 27
225. 63
379. 30
7,226
7,175
7,249
7,084
6,935
6,340
REAL ESTATE
ortgage applications for new home, construction:
Applications for FHA commitments
thous. units..
Seasonally adjusted annual rates t
do
Requests for VA appraisals
do
Seasonally adjusted annual ratest
do
ew 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
213.88
23, 847
16 729
1, 549
1,554
1,998
1,888
1,696
1,629
1,234
1,314
1, 119
947
866
'936
804
5,922
10 697
7,228
3 604
7 748
5 377
322
640
587
307
645
602
454
814
730
430
798
660
390
773
533
340
823
466
266
643
325
272
722
320
241
572
306
208
473
266
184
423
259
r
166
371
267
116, 664
189
r
423
r
324
onfarm foreclosures
number.
117,473
9,375
9,211
10, 179
9,765
10, 197
10, 844
9,731
9,959
9,615
9,676
9,713
9,208
re losses (on bldgs., contents, etc.)..
. mil. $ 1,455.63 1, 496. 76
120. 40
131.10
133 36
123. 59
117.47
123. 99
124. 71
123 84
118 71
121 75
115.63
142 21
159. 74
DOMESTIC TRADE
ADVERTISING
Printers' Ink advertising index, seas, ad}.:
Combined index
1957-59=100.
Business papers
. __.
do
Magazines
do
Newspapers
_
do
Outdoor
.
_ do
Radio (network)
do
Television (network)
do
Television advertising:
Network (major national networks) :
Net time costs, total.. _
m*! $
Automotive, incl. accessories
do
Drugs and toiletries
do
Foods, soft drinks, confectionery.. _ do
Soaps, cleansers, etc
do
Smoking materials ..
do
Allother__
_ _
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
Automotive, incl. accessories
do
Building materials
do
Drugs and toiletries
do
Foods, soft drinks, confectionery
do
136
122
147
109
92
108
175
1 260.3
9Q 1
409.2
234.8
112.0
145.4
259.8
144
131
156
115
96
125
184
140
124
153
118
84
130
175
1 411 3
106 7
429 8
274.0
131 5
161 4
308.0
1, 075. 5
38.9
207 4
377.7
100.4
48.7
302.4
1 076.9
64.8
111.7
30.4
115.9
133.9
144
124
158
118
88
134
184
]99
183
148
127
161
120
83
116
197
308 8
21 3
91.6
62.1
31.5
32.5
69.9
290.2
12.9
57.0
107.8
26.3
12.7
73. 6
313.7
16. 1
53.6
108. 1
26.8
12.2
96.8
83 1
4.0
11.2
2 3
9.1
10.7
101 9
68
11 5
3 4
10 8
12 2
Beer, wine, liquors
do
69.3
2 4
79 2
Household equip., supplies, furnishings do
71.5
3.0
80 1
Industrial materials
do
50.5
29
53 3
11
Soaps, cleansers, etc
do
21.7
17 6
Smoking materials
do
41.6
2. 2
39 6
Allother
...
do
365.6
26.7
411.0
••Revised.
» Index as of Mar. 1, 1967: Building, 125.9; construction, 137.8.
ICopyrighted data; see last paragraph of headnote, p. S-l.
9 Includes data for items not shown separately.
3.8
3.6
33
1. 5
2.6
31.0
52
7 6
4 0
14
2.5
36.4
144
134
150
120
98
354 5
24 0
116.3
72.2
30.3
41 1
70.6
64 6
17
88
16
6 6
7.7
1 166 7
68 1
123 5
34 5
134 4
125 4
140
129
151
109
82
129
182
112.4
9.2
12.5
4 7
11.1
10.9
110.4
6.7
11.8
3.9
12.0
10.6
93.0
2 5
9.2
3.4
12.7
10.8
446.5
39 9
128.0
80.0
35.3
52.5
110.9
301.5
21. 4
93.9
59.7
34.5
35.3
56.7
71.8
1.0
6.9
2.1
9.3
9.8
67.4
7.0
5.0
1.8
8.8
7.3
108.1
11.7
8.9
3.6
11.2
10.2
125.9
7.6
16.3
3.7
13.9
12.1
126.1
6.0
13.5
2.7
15.2
12.8
101 5
4.0
7.8
1 4
13.8
10.3
68.4
1.7
7.0
1.4
8.0
7.1
8.4
11. 1
5.9
1.7
3.9
41.3
11.0
8.5
5.6
2.5
4.5
43.9
14.1
5.0
4.5
1.4
4.5
34.7
3.0
2.8
4.0
1.1
2.5
29.7
7.0
6.3
5.1
3.6
6.3
6.0
7.9
10.0
4.0
7.5
3.1
8.9
5.1
4.8
4.0
4.6
4.5
4 2
.9
1.6
1.8
.9
1.2
1.7
3.4
3.6
2.8
3.5
3.1
3.0
22.9
38.5
31.9
37.8
40.2
25.0
t Re vised seasonally adjusted data for 1958-64 will
§Data include guaranteed direct loans sold.
be shown later.
10.7
135
7.7
104
5,800
SURVEY OF CURRENT BUSINESS
March 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
S-ll
1966
| 1966
Annual
Jan.
Feb.
Mar.
Apr.
May
June
1967
July
Aug.
Sept.
Oct.
308.7
81.4
227.2
16.7
7.1
31 5
171.9
Nov.
Dec.
Jan.
289.7
61.1
228.6
9.2
5.7
23.1
190.6
241.1
71.1
170.0
11.6
Feb.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising linage (52 cities) :
Total
~ mil. lines
Classified
do
Display, total
_ _ ..
-do
Automotive
_ _
do
Financial
- do
General
do
Retail
do
3, 164. 6
865. 6
2, 298. 9
170.4
63.4
288.5
1,776.7
3, 354. 3
924.3
2, 430. 0
182.9
73.2
310.3
1, 863. 6
'283,852
303, 672
93, 718
56, 266
53, 217
3,049
97, 812
57, 4X4
53 875
3 539
282.4
81.6
200.8
16.0
6.6
27.2
151.0
308.9
87.0
221.8
18.7
5.5
31.5
166.2
289.1
80.9
208.3
18.4
6.7
27.8
155.4
254.9
80.3
174.6
14.6
7.4
18.9
133.7
273.0
81.6
191.4
14.8
4.6
20.1
151.9
288.8
77.3
211.5
18.2
22.1
121.7
282.3
79 4
202.9
16.2
5.9
26.0
154.8
22, 084
21, 260
24, 712
25, 477
24,763
25, 950
25, 329
25, 348
24, 864
6 985
4,300
4 089
8,606
5.430
5,169
261
8,372
5,138
4,848
290
8,069
4,787
4,499
288
8,776
5,233
4,904
329
8,162
4,755
4,424
7,659
4,095
3,799
296
8,625
5,096
4,789
307
8,410
4,899
4,587
' 8, 916 ' 7,002
'4,638 ' 4, 194
' 4, 236
3 958
••402
236
6 590
3 905
331
8,234
4,677
4,365
312
1
1
211
6,998
4,366
4,166
200
1,150
1,097
1,332
751
423
777
442
815
426
' 1, 712 ' 1, 125
'943
670
'622
374
1
714
348
816
418
1,391
699
336
1,239
1,311
765
392
1,315
714
368
1,129
1,229
1 046
1,116
1, 155
1,082
911
244
835
247
1,077
1,012
' 1, 014
'645
'369
17, 167
1,253
17, 114
1,375
17,205
1,469
285
571
358
255
17,298
1,478
297
596
362
223
823
821
2,034
6,039
5,544
1,923
841
2,006
5,922
5,430
1,959
240.0
73.7
166.3
12.8
7.8
18.8
126.8
231.0
69.5
161.5
13.1
4.7
5.5
30.6
157.2
305.4
70.4
235.0
14.2
5.8
32.6
182.4
7.9
20.5
129.9
RETAIL TRADE
All retail stores: f
Estimated sales (unadj.), total f
mil. $
Durable goods stores 9
do
Automotive group
- . _ _ _ . do _ _
Passenger car other auto, dealers
do
Tire battery, accessory dealers
. do _
r
Furniture and appliance group 9
do
Furniture, homefurnishings stores, .do _ _
Household appliance TV, radio
do
13, 737
8,538
4 223
14 978
9 089
4 905
1,058
1,015
645
342
614
335
Lumber, building, hardware group _ do _ _
Lumber, bldg. materials dealers cf
do__.
Hardware stores
do --
12, 115
9,302
2,813
12 307
9 340
2 967
817
619
198
774
594
180
980
762
218
1,038
1,083
1,159
824
259
900
259
205 860 '15 099
1, 152
17 276
249
3 537
466
6 913
244
4 015
193
2 811
14, 262
1,009
17, 105
1,456
16, 694
1,341
200
428
213
168
16,106
1,277
225
544
275
233
17, 174
1,373
778
] 708
'5,630
' 5 157
1 815
752
1,618
5,348
4,874
1,667
1,809
5,808
5 297
1,827
1,901
6,075
5 559
1,898
2 375
1,564
2,285
1,474
166
335
470
2,887
1,892
218
393
496
3 080
2,007
198
460
541
25,049 25, 536
Nondurable goods stores 9
\pparel group
_
Men's and boys' wear stores
Women's apparel accessory stores
Family and other apparel stores Shoe stores
Drug and proprietary stores
Eating and drinking places
Food group
_
Grocery stores
Gasoline service stations
-
do
'190 134
15, 752
do
do
3 258
do
6 243
do. _.
3 680
do
2 571
do
9 335
do __ r 21 423
do. 66 822
T go 970
do
do _ _ 21 765
General merchandise group 9
do
Department stores
do
Mail order houses (dept. store mdse.) .do__ Variety stores
do _ _
Liquor stores
do
Estimated sales (seas, adj.), total f
35 840
23* 421
2*581
5 320
6*305
10
23
71
65
23
148
431
125
105
012
39 811
26 094
2 691
5' 727
fi 75R
do -.
166
313
496
798
794
244
268
604
305
279
262
563
285
231
824
819
1,965
5,747
5,240
1,947
299
532
307
235
870
246
280
524
349
222
261
492
296
204
829
828
2 219
6,262
5 750
2 056
2, 177
5,881
5,377
2,024
3,034
2,003
202
429
530
3 208
2 141
2 965
1 924
3 259
2,110
179
436
558
229
465
539
3,274
2,158
218
462
551
3 375
2,221
192
454
543
25, 394
25 362
25, 572
25, 703
25,550
8,394
5,034
4 725
309
8 276
4,921
4 618
1 293
111
1 266
440
766
402
24, 949
24, 475
8 324
4, 884
4 610
8,185
4,781
4 504
277
8,649
5.121
4,822
299
7,939
4,580
4,302
278
7,506
4,288
4,017
271
8 056
4 771
4 479
'292
8 106
4,764
4 460
304
8,358
4,959
4 658
301
Furniture and appliance group 9
Furniture, homefurnishings stores
Household appliance, TV, radio
do _ _
do
do -.
1,208
1,220
1,249
1,202
1,183
1 208
1 258
1 285
Lumber, building, hardware group
Lumber, bldg. materials dealerscf
Hardware stores
do ._
do ..
do
1 149
Nondurable goods stores 9
Apparel group
Men's and boys' wear stores
Women's apparel, accessory stores
Family and other apparel stores
kShoe stores
do
do _ _
do
do ..
do
do
'16 757
1 417
do
do do
do .
do ._
806
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations.
do
do
do
do
' 25, 081
274
759
378
896
253
289
570
318
240
General merchandise group 9
do
Department stores _
do
Mail order houses (dept. store mdse ) do Variety stores.-- _ _ _ _ _
do -.
Liquor stores
do -_
Estimated inventories, end of year or month: t
Book value (unadjusted), total f
mil $
Durable goods stores 9
do
Automotive group
do Furniture and appliance group.. . _do Lumber, building, hardware group do
Nondurable goods stores 9
Apparel group
Food group
General merchandise group
Department stores
Book value (seas, adj.), total f
_
Durable goods stores 9
Automotive group.
Furniture and appliance group
Lumber, buildine. hardware pronn
r
730
405
1,114
862
252
16 864
1,450
289
594
327
240
765
405
741
379
1,150
1 034
895
255
16 887
1 377
277
569
299
232
806
734
372
746
397
771
429
782
423
232
467
551
303
797
237
990
752
238
1 006
1 007
1 014
769
937
764
243
769
245
975
732
243
971
724
247
17 010
1 389
16, 969
1,406
17 338
1 460
17 256
1 464
17 309
1 472
17 274
1 466
295
583
341
241
301
584
351
228
17 214
1 499
848
844
837
860
859
279
579
308
223
843
283
578
313
232
831
327
582
359
231
313
579
349
231
294
589
351
232
312
836
453
759
253
774
568
206
17, 748 '22,888 '15 587
1,553 ' 2, 540 ' 1, 218
325
'586
268
614
'979
479
383
'638
271
'337
231
200
3, 958
2,575
341
524
587
' 6, 111 ' 2 502 2 419
' 4, 025 ' 1 651 1,544
2, 039
1 858
6, 679 ' 5, 549
6, 134 ' 5 087
1. 972 ' 1 825
350
'989
'896
156
328
515
25, 610 ' 25, 368 '25 703 i 25, 277
8 143 ' 8, 156 '8 178
' 4, 745 4,601
4,761
4 445 ' 4 445 4 293
'300
316
308
1 283 ' 1, 270
' 741
775
'425
416
986
737
249
'997
'747
' 250
233
1 057
794
263
1 996
5 924
5 436
1 918
1 975
5*920
5' 426
1 906
1 975
5 947
5 446
1 931
1 974
5 949
5 452
1 926
3,225
2,127
223
457
561
3 225
2,119
3 194
2,099
3 365
2 201
3 33°
2 18?
220
459
559
224
453
564
3,213
2,113
3 355
243
451
560
3 341
2 189
3 354
2 195
3 476 '3 311 3 406
2 273 ' 2 162 2 234
238
503
570
216
220
483
593
219
487
e79
234
481
549
467
967
420
623
567
36 155
16 690
8 074
2 635
2 499
35
15
6
2
2
280
295
669
636
492
35
15
6
2
2
628
015
422
698
455
37
15
7
2
2
193
760
035
759
489
38
16
7
2
2
171
384
615
775
492
35 846
16, 144
7 938
2,512
2 401
35 823
16, 574
8 160
2,515
2 444
229
484
561
' 475
' 564
33 435
14, 737
7,070
2,390
2 386
35
16
7
2
2
846
144
938
512
401
33, 610
15, 209
7,415
2,391
2,421
34 670
15, 773
7 817
2,386
2 463
35 840
16 226
7 988
2,452
2 545
36 280
16, 449
8 082
2,564
2 561
36, 561
16, 940
8,414
2,622
2,592
36
16
8
2
2
do
do
do
do
do
18 698
3,811
4 066
5 882
3 519
19 702
4 102
4 201
6 425
3 919
18 401
3 674
3 953
5 981
3 493
18 897
3 891
3 938
6 121
3 600
19 614
4 086
4 025
6 490
3 847
19 831
4 098
4 071
6 605
3 949
19, 621
4,056
4 047
6 505
3,897
19 500
3 953
4 095
6 456
3 855
19
3
4
6
3
465
984
090
472
887
19
4
4
6
4
985
245
114
680
019
20
4
4
7
4
613
449
202
027
271
21
4
4
7
4
433
575
310
523
608
21
4
4
7
4
787
649
258
671
760
19
4
4
6
3
702
102
201
425
919
19 249
3,977
4 164
6 276
3,760
do
do
do
do
do
34, 607
15 194
7 244
2,449
9. 4fi7
36
16
8
2
34, 745
15 323
7,227
2,483
34, 922
15 424
7,251
2,473
35, 101
15 551
7 308
2,469
35, 346
15 690
7^394
2,529
35, 927
16 213
7,755
2,606
36
16
7
2
36
16
7
2
312
330
697
667
36
16
7
2
191
079
536
636
36
16
7
2
9
355
241
719
656
4fi7
36 680
16 496
7 949
2*666
36
16
8
2
734
581
171
648
36, 961
16 536
8,108
2,574
36, 888
16 491
7,867
2,598
2. 530
961
536
108
574
9 482
9 504
9 MX
9 4QO
9. 489
9 517
325
411
914
628
9 519
9 484
9 4Q4
9 599
17 544
251
1 967
5 975
5 472
1 927
222
486
567
1
876
1,910
5,931
5,431
1,920
219
480
551
7, 733
785
423
212 r 17 525
17 467 '17
1 463 T 1 386
1 508
' 282
303
313
' 536
573
586
'335
345
358
242
1
1 299
1 924
5 981
5 467
1,927
9 914
1
837
1,754
5,397
4 961
1,695
'
'
'
'
1 935
5 917
5 391
1,907
216
467
560
14, 869
!
999
840 ' 1 195 '846
r
1 879
1,915
T
5,879
5, 841
' 5 336 5,359
1,907
1,907
3 230
2 119
1
1,884
5,755
5,279
1,922
'892
887
1 979 ' 2, 019
2 051
5 921 ' 5 861 5 913
5 412
5' 437 r 5 376
1 929
1 939 ' 1, 915
816
Revised.
1 Advance estimate.
fRevised series. Data reflect use of new sample
(effective with data for Oct. 1965) based on definitions and classifications of the 1963 Census
of Business; the 1965-66 retail inventories also reflect incorporation of new data from 1965
Retail Trade (Census annual) and updating of seasonal factors. Latest revised data back
to 1959 appear in the November, April, and February 1966 issues of the SURVEY (refer in
827
250
2,071
5,979
5 464
2 002
__
_._
__
__
Durable goods stores 9
Automotive group
Passenger car, other auto, dealers
Tire, battery, accessory dealers
25,923 •-26,158 '31,804 ' 22, 589 121 459
9 595
9 483
that order to pp. 26, 18, and 20, respectively); revised accounts receivable data prior to Oct.
1965 are not available. Complete details for retail sales appear in the Monthly Retail Trade
Report, Jan. 1966 and subsequent issues, available from the Bureau of the Census, Wash.
D.C. 20233. 9 Includes data not shown separately, d* Comprises lumber yards, building
materials dealers, and paint, plumbing, and electrical stores.
SURVEY OF CURRENT BUSINESS
S-12
1966
1966
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
March 1967
Annual
Jan.
Feb.
May
Mar.
June
1967
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
1
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail storesf— Continued
Estimated inventories, end of yr. ormo.f — Con.
Book value (seas, adj.) —Continued
Nondurable goods stores 9
- -mil. $
Apparel group
do
Food group
do
( !eneral merchandise group
do
Department stores
do
Firms with 11 or more stores:f
Estimated sales (unadj.), total 9 1
do
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
do
do
do
do
do
do
General merchandise group 9
Dept stores excl mail order sales
Variety stores
Grocery stores
Lumber yards, bldg. materials dealerso*
Tire battery accessory dealers
do
do
do
do
do
do
T
r
19, 413
4, 033
4,086
6 340
3,772
20, 425
4,318
4,209
6 909
4,200
19, 422
4,011
4,009
6,551
3,855
19, 498
4 036
3 974
6 466
3 854
19, 550
4 050
4 001
6 516
3 870
19, 656
4 074
4,015
6 580
3 929
19, 714
4,118
4,023
6 585
3 940
19, 914
4,144
4,099
6,690
4,041
19, 982
4,194
4,148
6 681
4, 062
20, 112
4,186
4,207
6,708
4,060
20, 114
4,174
4,219
6,721
4,079
20, 184
4,186
4,230
6 753
4,074
20, 153
4,230
4,150
6 745
4,111
20, 425
4,318
4,209
6 909
4,200
20, 397
4,343
4,248
6 915
4,204
73, 356
80, 323
' 5, 524 5,256
4,445
557
1 656
1,168
2 300
1 891
] 193
4,770
573
1,779
1,269
2 663
2 222
1,276
112
593
096
627
28, 988
19 653
4, 593
29, 906
1 312
1 472
26
17
4
27
6 214
6,661
6 291
6,608
6, 511
6,565
6,759
6,804
7,190
9,940
5,695
288
40
102
81
185
163
86
263
31
99
73
179
155
86
361
37
135
104
199
187
105
420
45
158
125
207
183
96
373
42
145
102
206
187
100
388
48
144
107
217
197
107
324
39
123
87
216
196
108
377
40
141
97
212
189
111
401
44
145
116
214
189
109
409
51
155
100
219
189
115
444
57
166
108
229
184
117
722
99
266
169
380
203
136
306
43
106
85
217
193
90
1 707
1 162
' 244
r
2 341
1 636
1 087
262
2,216
2 095
1 416
316
2 416
2,236
1 511
368
2,631
2 220
1 516
341
2 336
2,361
1 629
363
2,441
2, 168
1 474
342
2, 630
2,383
1,605
371
2,414
2,388
1,632
371
2,582
2,468
1 687
377
2 513
2,886
1 947
429
2,437
4,440
2,987
809
2,949
1,822
1 256
266
2,330
93
84
116
124
124
137
134
120
116
123
126
175
97
do
'6 533
6,598
6 610
6,574
6,536
6,702
6,664
6,729
6,762
6,871
6,856
'6,700
6,885
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
do
do
do
do
do
do
392
49
146
106
199
180
407
47
156
104
205
179
386
43
144
106
208
193
382
45
150
100
213
184
382
43
146
102
215
181
402
48
149
108
224
187
386
47
144
103
222
182
405
51
147
103
223
175
395
50
144
104
225
183
406
49
155
106
227
185
406
49
151
112
237
191
397
48
141
109
242
206
421
52
154
112
240
213
General merchandise group 9
Dept stores excl mail order sales
Variety stores
Grocery stores
Lumber yards bldg materials dealers cf
Tire battery accessory dealers
do
do
do
do
do
do
o 330
1 564
362
r
2 436
2 392
1,625
366
2,422
2 363
1 587
371
2,421
2 295
1,553
359
2,506
2 336
1,576
370
2,449
2 430
1,652
385
2,491
2, 425
1,643
377
2,517
2 417
1,650
380
2,544
2 444
1,665
388
2,519
2 495
1 664
390
2,549
2,403
2 552
1 725 1,638
388
411
2,518 r 2, 489
2,513
1,730
402
2,492
193
120
136
120
117
121
124
117
122
123
124
127
Estimated sales (seas. adj.), total 9 1
A 11 retail stores, accounts receivable, end of yr. or mo. :
Total (unadjusted) f
mil $
Durable goods stores
do
Nondurable goods stores
do
Charge accounts
do
Installment accounts
do
Total (seasonally adjusted) t
Durable goods stores
Nondurable goods stores
Charge accounts
Installment accounts
do
do
do
do
do
Department stores:
Ratio of collections to accounts receivable:
Charge accounts
percent
Installment accounts
do
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales
do
Installment sales
do
128
18, 193
7 120
11 073
8,269
9 994
18, 986
7 212
11 774
8,164
10 822
17,486
6 838
10 648
7,786
9 700
16, 912
6 583
10, 329
7,471
9 441
16, 865
6 578
10 287
7,533
9 332
17,065
6,606
10, 459
7,778
9 287
17, 520
6,894
10, 626
8,113
9 407
17, 774
7,163
10,611
8,296
9 478
17, 332
6,947
10,385
7, 880
9 452
17, 480
7,059
10, 421
7,911
9 569
17, 420
6,975
10, 445
7,760
9 660
17, 546
6 991
10,555
7,855
9 691
17 816 ' 18, 986 18,209
6,939
6 981 r 7, 212
10 835 ' 11, 774 11,270
7,690
7,970 r <• 8, 164
9 846 10, 822 10 519
17 034
6*916
10, 118
7 833
9 201
17 767
6 987
10, 780
7 730
10 037
17 207
7,039
10, 168
7 842
9,365
17 419
7,020
10, 399
7,881
9,538
17 418
6 954
10, 464
7 895
9,523
17 306
6,835
10, 471
7,812
9,494
17 481
6,941
10, 540
7,954
9,527
17 721
7,001
10, 720
8,210
9,511
17 481
6,779
10, 702
7,896
9,585
17 695
6,866
10. 829
7 988
9,707
17 592
6,817
10, 775
7,839
9,753
17 578
6, 775
10, 803
7 807
9,771
r
17 744 !7 767
6, 905 r 6, 987
10, 839 ' 10, 780
7 834 «• 7, 730
9,910 ' 10, 037
49
18
48
18
43
38
19
43
36
21
17 890
7,110
10, 780
7,749
10, 141
EMPLOYMENT AND POPULATION
POPULATION
Population, U.S. (incl. Alaska and Hawaii):
Total, incl. armed forces overseas
mil
EMPLOYMENT
Noninstitutional population, est. number 16 years
of age and over, total, unadj©
_ _
mil
Total labor force, incl. armed forces®
thous__
Civilian labor force, total
do
Employed, total _ _ _ _ _
do
Agricultural employment _ _ _ _ _ _ _ d o
Nonagricultural employment
do
196. 84 195. 83
196. 00
196. 16
196. 34
196. 50
196. 67
196. 84
197. 02
197. 22
197. 43
197. 63
197. 81
197. 98
198. 14
129. 24
131.18
130. 28
130. 44
130. 60
130. 75
130. 92
131.08
131.24
131.42
131. 59
131.77
131.95
132. 12
132. 30
132.45
77,178
74, 455
71,088
4,361
66, 726
78, 893
75, 770
72, 895
3, 979
68,915
76, 458
73, 568
70, 340
3,449
66, 891
76, 702
73, 778
70, 676
3,478
67, 198
77,043
74, 069
71,083
3,645
67, 439
77,812
74, 804
72, 077
4,020
68, 055
78, 459
75,414
72, 620
4,097
68, 523
80, 727
77, 628
74, 038
4,704
69, 333
80, 838
77, 703
74, 655
4,580
70, 076
80, 665
77,487
74, 666
4,308
70, 359
78,982
75, 753
73, 248
4,186
69, 063
79, 488
76, 209
73, 744
4,114
69, 630
79, 895
76, 573
73,995
3,814
70, 180
79, 642
76, 252
73, 599
3,360
70, 239
78, 706
75, 320
72, 160
3,335
68, 826
79, 107
75, 689
72, 506
3,281
69, 225
2,729
2, 794
3,591
3,048
2,821
2,505
2,466
2,577
3, 183
4.6
3.9
50,397
3.6
50,755
3.3
3.2
3.4
75, 770
72, 846
3, 926
68, 920
2,924
76, 069
73,141
3, S35
69, 206
2,928
52, 609
76, 039
73, 195
3,886
69, 309
2, 844
52, 285
76, 081
73, 199
3,779
69,420
2,882
52, 054
76,612
73, 897
3,892
70, 005
2,715
2,653
440
3.5
52, 479
76, 764
73, 893
4,011
69, 882
2,871
496
3, 160
3.7
U94. 57
1
3,102
2,986
Cnemploycd (all civilian workers)
do
3, 228
2, 875
3,366
Long-term (15 weeks and over)
do
536
663
755
4.2
4.0
Percent of civilian labor force
4.4
3.8
4.5
Xot in labor force©
_
thous
52, 058
52, 288 53, 827 53, 734 53, 556
Civilian labor force, seasonally adj©
do
75, 355 75, 126 75,117
Employed, total
do
72,410 72,341 72, 266
4,113
Agricultural employment
do
4,144
4,155
Nonagricultural employment
do
68 266 68 186 68, 153
2,851
Unemployed (all civilian workers)
do
2, 785
2, 945
Long-term (15 weeks and over)
do
583
594
639
Rates: J
All civilian workers
3.8
3. 7
3.9
4 5
3. 8
Men, 20 years of age and over
2.6
2.5
2.5
2.6
3.2
3.6
Women, 20 years of age and over
3.7
3.8
3.9
4.5
12.9
Uoth sexes, 16-19 years of age
14. S
12.7
13.0
12. 1
r
Revised.
1 As of July 1.
|See corresponding note on p. S-ll.
9 Includes data not shown separately.
cfComprises lumber yards, building materials dealers, and paint, plumbing, and electrical
stores.
lUnemployed in each group as percent of that group.
© E f f e c t i v e Feb. 1967 STRVEY, data reflect revised seasonal factors and changes in coverage. sample, and definition as follows: For nil periods — data cover persons 16 years of age and
""Te"
52, 938
75,341
72, 542
4,199
68 343
2,799
590
52, 466
75, 149
72, 253
3,902
68,351
2, 896
538
50, 356
75, 668
72, 730
3,981
68, 749
2, 938
486
446
462
493
517
484
515
4.2
53,589
77, 087
74,255
4,015
70, 240
2,832
485
506
4.2
53, 341
77, 025
74, 137
3,890
70, 247
2, 888
439
3.7
3.7
3.7
2. 2
2. 2
2 4
2.4
4. U
4.
3
3.4
3.8
i
3.7
3.7
13.2
11.0
12.2
12.7 i 11.4
12.5
12.9
13.7
13.0 1
13.1
12.9
over (( l i m i n a t i n g about a million persons previously covered); beginning Jan. 1967 — sample
expaiu ed (to 52,500 households) and changes made in definitions for employment and unemployment (data are reasonably comparable with earlier estimates); see Feb. 1967 JjL/s
E M P L O Y M E N T AND E A R N I N G S AND MONTHLY R E P O R T ON THE LABOR FORCE, U.b. «.» I (),
Washington, D.C., 20402.
3.9
2.4
3.9
3.9
2.6
3.9
2.6
3.8
2.5
3.9
3.7
2.4
3.8
3.8
2.4
4.0
3.5
3.7
2.4
3.9
SURVEY OF CURRENT BUSINESS
March 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
S-13
1966
Jan.
Feb.
Mar.
Apr.
May
June
1967
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb."
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls (nonagricultural estab.):f
Total unadjusted!
thous
Manufacturing establishments _ _ .
Durable goods industries
Nondurable goods industries.
do_
do
do _
Mining, total 9
. .. .. do
Metal mining . _. __ ... ... . . d o
Coal mining
do
Crude petroleum and natural gas _ _ do
60 770
63 864
61,439
61 622
62, 243
62, 928
63, 465
64, 563
64 274
64 484
64 867
65 190
65 389 ' 65, 904 '64,328
18 032
10 386
7 645
19,081
11 186
7,896
18, 333
10 707
7,626
18,518
10 822
7,696
18, 651
10 921
7,730
18, 774
11 039
7,735
18,906
11,130
7,776
19, 258
11,319
7,939
19, 123
11,213
7,910
19 391
11 249
8 142
19 533
11 434
8 099
19 538
11 470
8 068
19 522 '19,430 '19,236 19, 197
11 480 11,446 '11,348 11, 320
8 04'? ' 7, 984 ' 7, 888 7,877
632
84
142
288
628
86
139
283
621
84
142
284
617
84
142
282
620
84
141
282
590
84
104
281
630
85
141
281
645
88
142
288
645
88
140
290
649
89
142
290
637
87
143
981
631
86
144
977
628
86
143
977
3,281
4,137
2,940
4,026
715
274
2,818
4,035
708
273
2,981
4,056
3,156
4,077
3,521
4,180
708
273
712
269
3,277
4,115
715
268
728
255
3,623
4,171
730
247
3,641
4,154
3,525
4,218
721
264
3, 449
4, 198
716
9g8
3,310
4, 208
712
9
68
1,031
1 031
202
796
653
1 046
262
786
641
1 046
264
785
633
1 045
266
790
632
' 625
86
143
279
64, 283
'613
85
143
274
608
' 3, 128 ' 2, 925
' 4, 200 ' 4, 165
'715
701
' 271
272
2,847
4,158
Contract construction
Transportation and public utilities 9 _ _
Railroad transportation
Local and interurban passenger transit
do
do
do
do
3,181
4,033
Motor freight trans and storage
Air transportation
Telephone communication
Electric gas and sanitary services
do
do
do
do
963
230
735
625
1 008
953
241
743
625
961
245
746
623
970
247
751
625
974
251
758
627
990
254
762
628
1,026
248
773
635
12, 683
3,317
9,366
3,019
9,098
10,091
13, 220
3,459
9 761
3 086
9,582
10 850
12, 835
3,371
9,464
3,018
9,176
10, 490
12, 738
3,367
9,371
3,024
9,250
10, 622
12, 826
3,374
9,452
3,043
9,331
10, 735
13,015
3,386
9,629
3,056
9,465
10, 795
13,061
3,400
9,661
3,070
9,572
10, 834
13, 239
3,473
9,766
3,112
9,702
10,906
13, 225
3,511
9,714
3,148
9, 782
10, 557
13, 224
3,521
9,703
3,146
9,772
10, 507
13, 253
3,498
9 755
3,109
9,707
10, 885
13, 385
3,521
9,864
3, 099
9,751
11, 139
13, 599 '14,241 '13,319
3,533 ' 3, 554 ' 3, 512
10, 066 '10,687 ' 9, 807
3, 098 ' 3, 105 ' 3, 095
9,739 ' 9, 733 ' 9, 673
11.285 '11,442 '11,302
60, 770
18, 032
10, 386
63, 864
19, 081
11,186
62,811
18, 722
10,911
243
633
448
646
1,295
63, 247
18, 840
11,007
63, 350
18, 923
11,065
63, 983
19, 167
11,220
64, 072
19, 128
11,210
64, 199
19, 262
11, 324
451
649
1,300
451
647
1,307
63, 517
19,002
11,122
253
623
456
643
1,315
458
641
1,333
456
643
1,338
462
637
1,351
64, 168
19, 204
11,322
262
609
459
633
1,341
64, 466
19,312
11,387
265
607
460
633
1,351
64, 823 '65,076 '65,372 65, 495
19, 415 19, 445 '19,469 19, 404
11,424 11,439 '11,444 11, 409
281
'269
'277
269
611
607
'605
'617
459
465
'461
463
'642
638
636
638
1,330
1,351 ' 1, 343 ' 1, 340
Wholesale and retail trade
do
Wholesale trade__ . ...
do
Retail trade
do
Finance, insurance, and real estate _ do
Services and miscellaneous. . ,
. . . do
Government
do
735
268
717
265
260
778
644
216
792
652
728
246
1,031
'269
'791
'633
999
275
793
633
13, 182
3,499
9,683
3,109
9, 745
11,437
429
627
1,296
456
641
1,326
62, 469
18, 566
10, 805
238
638
446
648
1,290
do
do
do.
1,268
1,726
1,658
1,352
1,868
1,893
1,322
1,797
1,773
1,332
1,810
1,805
1,344
1,818
1,824
1,345
1,827
1,860
1,341
1,846
1,877
1,348
1,865
1,904
1,346
1,888
1,903
1,360
1,901
1,948
1,357
1,903
1,941
1,365
1,912
1,962
1,378
1,917
1,959
1,379 ' 1, 378
1,933 '1,940
' 1, 959 ' 1, 962
1,373
1,927
1,970
Transportation equipment
_. . do
Instruments and related products _ do_
Miscellaneous manufacturing ind
do
1,738
1,906
1,888
1,910
1,951
439
442
1,960
439
445
'1,958
444
'446
' 1, 933
'446
'448
1,926
449
445
7,995
1,782
85
942
1,396
688
1,059
982
181
531
349
625
3,357
4,230
13,500
3,137
9,914
11, 328
Total, seasonally adjusted!
Manufacturing establishments _
Durable goods industries __ _ _
Ordnance and accessories
Lumber and wood products
Furniture and
fixtures
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery
_ _
_
Electrical equipment and supplies
do
do
do
do
„ do
do
_ do
do
.
Nondurable goods industries
do
Food and kindred products.. _ . _ do
Tobacco manufactures
do
Textile mill products—do
Apparel and related products ...
_ do_
Paper and allied products
do
Printing, publishing, and allied ind._do
Chemicals and allied products _
do
Petroleum refining and related ind__.do
Rubber and misc. plastics products.. do
Leather and leather products
do.
Mining
do
Contract construction
do
Transportation and public utilities
do
Wholesale and retail trade
do
Finance, insurance, and real estate-do
Services and miscellaneous
do
Government
._ . .
_____
do
Production workers on mfg. payrolls, unadjusted:!
Total, unadjusted!
thous
Seasonally adjusted
_ do .
Durable goods industries, unadjusted- .do
Seasonally adjusted
do
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
Fabricated metal products
do
Machinery
do
E lectrical equipment and supplies
do
Transportation equipment 9
do _
Motor vehicles and equipment _ do
Aircraft and parts
do
Instruments and related products
do
Miscellaneous mfg. industries
do
Nondurable goods industries, unadj
do___
Seasonally adjusted. . .
do
Food and kindred products
do
Tobacco manufactures
do
Textile mill products
_ . _ . do
Apparel and related products
do .
Paper and allied products
do
Printing, publishing, and allied ind..do
Chemicals and allied products
do
Petroleum refining and related ind-.-do
Petroleum refining
._
do
Rubber and misc. plastics products.. do
Leather and leather products
do
r
226
610
256
622
245
642
257
628
257
622
260
621
426"
440
1,819
406
428
1,853
1,881
1,887
1,901
1,915
421
434
438
441
443
443
439
443
1,945
432
440
7,645
1,752
87
921
1,354
640
981
906
182
472
351
632
3,181
4,033
12, 683
3,019
9,098
10, 091
7,896
1,761
84
951
1,396
671
1,026
954
183
513
357
628
3,281
4,137
13, 220
3,086
9,582
10,850
7,761
1,758
85
942
1,356
657
1,003
927
182
494
357
635
3,318
4,091
13, 009
3,052
9,363
10, 435
7,811
1,762
85
945
1,384
661
1,007
932
181
496
358
7,858
1,757
86
950
1,396
664
1,017
937
182
506
363
595
3,333
4,114
13, 128
3,068
9,484
10, 705
7,880
1,748
85
952
1,412
665
1,018
945
183
508
364
628
3,238
4,132
13, 164
3,076
9,515
10, 762
7,947
1,760
86
957
1,424
674
1,026
961
183
515
361
632
3,300
4,143
13,217
3,090
9,549
10, 885
7,918
1,763
85
955
1,388
679
1,031
963
186
518
350
634
3,323
4,105
13, 045
3,051
9,410
10, 521
7,833
1,767
86
948
1,386
662
1,009
936
181
500
358
637
3,419
4,109
13, 085
3,064
9,463
10, 630
636
3,297
4,122
13, 256
3,095
9,609
10, 929
7,938
1,765
80
957
1,395
677
1,035
968
184
520
357
636
3,251
4,105
13, 264
3,100
9,647
10, 934
7, 882
1,737
79
952
1,390
670
1,035
965
182
517
355
628
3,228
4,168
13, 268
3, 100
9,649
10, 923
7,991
7, 925
8,006 ' 8, 025
1,781
1,786
1,750
1,781
87
89
'86
78
950
951
950
950
1,406 ' 1, 409 ' 1, 415
1,403
682
'683
676
'683
1,044 ' 1, 049 ' 1, 055
1,039
974
969
'980
976
182
183
182
183
529
523
534
'533
355
'352
355
354
625
624
'627
' 626
3,202
3, 204 ' 3, 293 ' 3, 301
4,165
4, 195 ' 4, 196 ' 4, 233
13,340 13, 393 '13,392 '13,499
- 3, 102
3, 110 ' 3, 121 ' 3, 129
9,712
9,778 ' 9, 821 ' 9, 870
1 1 , 008 11, 104 '11,182 '11,244
13 413
14 199
7,702
8,301
13 775
13, 967
8,038
8,123
13 878
14, 048
8,113
8,190
13 969
14, 100
8,207
8,226
14, 074
14, 154
8,277
8,261
14 351
14, 281
8,419
8,328
14, 159
14, 201
8,277
8, 293
96
535
356
504
14,417
14, 330
8,304
8,395
123
570
388
533
1,100
482
1,058
1,325
1,345
1,215
519
458
279
367
6,113
5,935
1,291
76
862
1,265
534
658
584
118
90
406
320
14 582
14, 268
8,501
8,395
120
544
378
515
1,080
467
1,052
1,314
1,316
1,355
671
448
274
352
5, 898
13 617
13, 833
7,942
8,033
107
525
366
495
1,039
439
1,019
1,262
1,237
1,316
679
405
261
316
5,675
5,800
1,098
72
830
1,181
507
633
548
110
87
385
311
14, 581
14, 350
8,530
8. 442
129
541
388
517
1,083
467
1,077
1,333
1,385
1,414
702
476
282
378
6, 051
5, 908
1,244
82
854
1,263
529
664
575
115
89
415
310
387
1,058
477
982
1,208
1,140
1,238
660
357
247
337
5,711
1,155
75
823
1,205
498
622
545
112
88
367
308
1,166
71
848
1,240
522
652
570
114
89
400
313
412
110
526
367
493
415
112
532
371
502
418
113
539
371
516
424
117
548
373
521
428
119
574
380
530
430
120
568
374
533
1,053
1,064
1,080
1,085
1,108
1,102
1,026
1,279
1,252
1,338
1,032
1,289
1,256
1,352
1,042
1,299
1,281
1,355
1,046
1,309
1,291
1,365
1,061
1,326
1,322
1,363
1,035
1,324
1,302
1,299
413
264
422
267
430
268
435
271
438
277
452
275
446
456
468
688
690
686
329
5,737
5,844
336
5,765
5,858
344
1,084
1,087
5, 762
5,874
1,086
1,239
1,246
507
638
553
70
836
no
87
384
316
473
692
487
686
351
5,797
5,893
358
5,932
5,953
1,093
1,152
1,226
1,242
1,258
510
514
515
530
640
561
110
87
388
315
645
568
112
88
391
311
646
570
114
88
393
312
653
580
117
90
400
318
66
842
Revised.
p Preliminary.
tBeginning in the Sept. 1966 issue of the SURVEY, data for employment, hours, earnings,
and labor turnover reflect adjustment to Mar. 1965 benchmarks; they are not strictly comparable with previously published figures. Details of the adjustment appear in the HLS
Sept. 1966 Employment and Earnings report; comparable earlier data appear in BLS Bul-
249
633
64
846
62
850
63
862
490
609
344
5,882
5, 908
1,200
62
844
1,198
528
653
578
118
90
395
306
431
553
387
526
1, 095
477
1, 071
1,332
1,366
1,393
692
468
280
372
6, 081
5, 873
1,284
82
856
1,257
526
661
577
ne
89
409
312
14 548
14, 436
8, 527
8 467
133
532
390
512
1,080
462
1,084
1,333
1,380
1,424
708
486
284
376
6, 021
5, 969
1,209
' 79
851
1 260
534
6(56
576
114
89
419
312
14 440 '14 245
'14,446 '14,462
' 8, 482 ' 8, 381
'8,471 '8 469
' 135
'139
'516
'506
386
'377
'500
487
' 1,077 ' 1,077
'455
456
' 1, 079 '1,063
1,357 ' 1, 363
1,374 ' 1,361
' 1,425 ' 1,391
702
'676
'492
'491
286
286
'330
'348
' 5, 958 ' 5, 864
' 5, 975 5, 993
' 1, 166 '1,121
'80
76
'834
845
' 1,245 ' 1, 234
525
'532
' 666
'671
' 576
'576
113
' 110
'88
89
'416
420
'304
310
14 197
14, 389
8,351
8,435
142
505
375
481
1,076
1,057
1,358
1,355
1,384
663
494
285
334
5, 846
5,954
1,098
70
829
1,247
526
671
579
111
88
412
304
letin 1312-4, Employment and Earnings Statistics for the United States 1909-66 (Oct. 1966),
$4.50, available from the Superintendent of Documents, Government Printing Office,
Washington, D.C. 20402.
9 Includes data for industries not shown separately.
SUKVEY OF CUERENT BUSINESS
S-14
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
March 1967
1966
Jan.
Feb.
Apr.
Mar.
May
June
1967
July
Aug.
Sept,
Nov.
Oct.
Dec.
Jan.
Feb. p
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Miscellaneous employment data:
Federal civilian employees (executive branch) :
United States
__
_ _ _ thous-_
Wash D C metropolitan area
do
2,347
251
2,532
265
2,375
251
2,400
252
2,429
255
2,462
256
2,482
258
2,560
274
2,598
277
2,598
276
2,556
269
2,579
270
2,608
272
Railroad employees (class I railroads):®
Total
do
Index, seasonally adjusted
1957-59=100--
652
73.4
640
72.4
633
70.3
631
70.6
629
71.3
636
71.8
639
71.6
652
72 2
655
72.7
652
73.0
••643
73.1
639
73.4
P635
P74.4
f 636
v 74.8
144.3
136.3
97.0
156.7
150.4
101.3
131.4
141.3
97 5
125.4
143.8
96.5
137.9
145.3
97.7
145.1
146.8
87.4
152.6
149.0
102.5
171.1
152.5
106.5
180.3
148.6
105.2
180.8
151.9
106.2
177.0
156.7
105.4
173.0
156.9
105. 2
155. 7
156.4
102. 0
' 150. 3
41,2
41.3
3.6
42.0
3.9
42.1
41.3
41.5
3.8
42.2
42.4
41.4
41.5
3.9
42.2
42.3
41.2
41.5
3.9
42.2
42.3
41.5
41.5
4.0
42.3
42.2
41.6
41.3
4.0
42.3
42.0
41.0
41.0
3.8
41.6
41.8
41.4
41.4
4.0
42.0
42.1
4. 3
41.5
41.5
4.2
42.3
42.3
4. 6
41.4
41.3
4.1
42.2
42.2
4. 5
41.3
41.3
3.9
42.1
42.1
4. 2
41.3
40.9
'3.7
42.1
41.7
4. 1
'40.8
' 41 0
' 3.4
'41.6
'41.9
'3.7
40 1
40 3
31
40 7
40.9
3.3
1
2,
736
1
273
2,609
272
*623
^69.3
INDEXES OF WEEKLY PAYROLLS!
Construction (construction workers) f_ 1957-59 =100. Manufacturing (production workers)!- - - do _ .
Mining (production workers)!
do
' 139. 3 129.6
' 155. 8 '152 2
149.4
'103 1 ' 101 0 98 4
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 —
3.9
4.3
41.2
41 4
3.7
42.1
42.4
4.1
Ordnance and accessories
do
Lumber and wood products
_
do
Furniture and
fixtures
-_do _Stone clay, and glass products
do
Primary metal industries
_ _ _ do_ B last furnaces , steel and rolling mills. .do
41.9
40.8
41.5
42.0
42.1
41.0
42.3
40.8
41.4
42.0
42.1
40.7
42.7
40.9
41.0
41.6
41.9
40.1
42.3
40.4
41.2
41.4
42.0
40.3
41.9
40.6
41.5
42.1
42.1
40.6
42.1
41.1
40.9
42.1
42.3
41.2
42.3
41.7
41.4
42.3
42.4
41.2
42.2
41.2
41.8
42.5
42.4
41.3
42,1
40.9
40.7
42.0
41.6
41.1
42.0
40.9
42.2
42.4
42.1
40.9
42.4
40.7
41.8
42.2
42.4
41.2
42.3
40.7
41.9
42.2
42.0
40.5
42.7
40.0
41.4
41.8
41.9
40.2
'42.7
'39.9
41.5
41.6
'41.6
'39.5
42.3
'39.7
'40.1
'41 0
'41.6
40.4
41.5
39 0
39 5
40 6
40 8
Fabricated metal products
Machinery
Electrical equipment and supplies
42.1
43.1
41.0
42.4
43.8
41.2
42.0
43.7
41.3
42.2
44.0
41.4
42.2
44.1
41.2
42.1
43.8
41.1
42.6
44.1
41.3
42.7
44.1
41.3
41.9
43.1
40.5
42.4
43.5
41.1
42.9
43.9
41.4
42.7
43.7
41.3
42.3
43.7
41.1
42.5
44.0
41.2
'41.8
'43.6
'40.7
40.9
42 9
39 6
42.9
44.2
42.0
41.4
39.9
42.6
42.8
43.3
42.0
40.0
43.3
43.7
44.0
42.0
39.6
42.9
43.2
43.6
42.2
40.2
42.7
42.9
43.4
42.2
40.4
43.0
43.7
42.9
41.9
39.7
42.4
42.0
43.6
42.3
40.1
42.5
42.3
43.4
42.2
40.1
41.8
41.3
43.1
41.6
39.2
42.1
41.6
43.4
41.7
40.1
42.6
42.9
43.1
42.2
40.0
43.0
43.5
43.0
42.1
40.4
42.8
43.1
43.3
42.0
40.2
'42.5
'42.7
'42.9
' 42. 1
40.0
'41.7
'41.2
42 6
41.5
'39.6
40 6
39 8
41 8
41.1
38.9
40.1
40.2
3.2
41.1
37.9
41.8
36.4
43.1
38.6
41.9
42.2
41.8
42.0
38.2
3.4
41.2
38.8
41.9
36.4
43.4
38.8
42.1
42.4
42.1
42.0
38.6
39.8
40.2
3.1
40.7
38.1
41.8
35.7
42.9
38.1
41.7
41.9
41.8
42.2
38.8
40.2
40.5
3.3
40.8
39.6
42.3
36.6
43.1
38.5
41.9
41.6
41.6
42.1
39.2
40.2
40.4
3.3
40.5
38.3
42.3
36.9
43.3
38.8
42.0
41.9
41.9
42.0
38.5
39.9
40.3
3.3
40.4
38.1
41.4
36.1
43.2
38.6
42.4
42.6
42.6
41.9
37.8
40.3
40.3
3.4
40.9
38.3
42.2
36.5
43.6
38.8
42.2
42.7
42.7
42.1
38.6
40.5
40.3
3.5
41.2
38.5
42.6
36.7
43.7
38.9
42.2
42.8
42.1
42.0
39.2
40.3
40.1
3.5
41.9
37.6
41.5
36.3
43.5
38.8
42.0
43.0
42.4
41.3
39.0
40.5
40.2
3.5
41.5
38.1
42.1
36.9
43.6
39.0
41.9
42,1
41.5
41.9
39.1
40.3
40.2
3.7
41.8
40.1
41.9
35.7
43.7
39.1
42.1
42.8
42.0
42.3
37.8
40.3
40.2
3.6
41.3
39.2
41.6
36.6
43.5
39.1
42.1
42.4
41.7
42.2
38.1
40.2
40.2
3.4
41.3
38.5
41.4
36.4
43.5
38.9
42.2
42.4
42.4
42.0
38.4
40.1
39.9
3.3
41.3
40.5
'41.1
36.2
'43.3
39.1
42.1
'42.1
'42.1
'41.9
'38.8
39.7
40 1
'3.0
40.7
'37 7
'40 6
'36.1
r 42 8
38.4
'41 6
'41.5
' 41.5
'41.4
'38 7
39 2
39 5
2g
40 1
35 5
40 1
35 9
42 4
38.4
41 2
41.3
41 4
40.8
37 9
42.3
41.6
° 39.9
42.4
37.4
36. 1
40.8
36.8
42.7
42 2
« 40. 3
42 6
37.6
36 3
41.0
37.0
42.3
42.1
40.7
42.7
36.5
35.6
39.3
36.1
42.1
41.6
40.7
42.4
36.4
35.6
38.2
36.3
42.6
41.6
41.1
43.0
37.7
36.8
40.9
37.1
41.4
42.5
32.8
42.8
36.9
35.8
40.1
36.4
42.9
42.2
41.5
42.6
37.0
35.7
39.5
36.8
43.4
42.7
41.8
42.7
38.3
36.6
42.5
37.5
43.1
42.7
43.0
42.7
40.7
42.5
38.3
36.7
42.3
37.5
43.2
42.1
42. 2
42.5
38.5
36.9
42.5
37.7
42.2
42.0
39.3
42.5
36.3
35.3
38.7
36.0
'42.5
'42.4
41.8
'42 2
37.2
'36.3
'39.8
36.9
' 42 4
42 9
40 7
42 7
'37.1
36 3
39.6
36 7
41.9
43 1
39.0
37.1
43.4
38.1
43.0
42.2
40.8
42.6
38.4
36.8
42.2
37.7
42.1
42.5
40.4
41.4
37.7
40.8
36.6
42.3
42.5
40.6
41.5
37.1
40.7
35.9
41.7
41.6
39.9
41.6
37. 1
40.8
35.9
41.8
42.3
40.6
41.6
37.0
40.7
35.8
41.9
42.0
40.3
41.0
36.9
40.7
35.7
42.2
41.7
40.1
41.1
36.9
40.6
35.7
43.0
42.0
40.3
41.2
36.9
40.7
35.6
43.0
43.1
40.7
41.2
37.3
40.7
36.2
42.6
42.9 |
41.2
42.1
38.0
41.1
36.9
42.4
43.1
40.7
41.5
37.9
40.8
36.9
42.1
43.1
40.9
41.4
37.0
40. 7
35.8
42.8
42.9
40,8
41.9
36.8
40.7
35.5
42.5
42.5
41.5
41.7
36.6
40.6
35.2
41.8
'42.8
'39.9
'41.7
37.1
40.9
35.9
41.5
41.7
39.4
41.4
36.5
' 40. 5
'35.1
37.9
37. 3
38. 2
07 q
qo A
37 1
38 6
38. 1
38. 6
qo A
qn o
qo o
38 2
37
38
l>
9
36 8
37 g
'36.9
38.1
36.5
37.4
Transportation equipment 9 „ _ . Motor vehicles and equipment
Aircraft and parts
Instruments and related products
Miscellaneous mfg. industries
do
do
_ do.. _
do_
do_ _ _
do
do
do
Nondurable goods industries, unadjdo.. _
Seasonally adjusted
do
Average overtime
__
-do _
Food and kindred products
- do _
Tobacco manufactures
do
Textile mill products
_
do_Apparel and related products
_. do ...
Paper and allied products
do
Printing, publishing, and allied ind
do
Chemicals and allied products _ . _
do __
Petroleum refining and related ind_ _ . do. . _
Petroleum refining
do
Rubber and misc. plastics products. __ do_ _
Leather and leather products
do
Nonmanufacturing establishments:!
Mining 9
do
Metal mining
do
Coal mining
do
Crude petroleum and natural gas
do
Contract construction
_ _ . do
General building contractors
do
Heavy construction
do
Special trade contractors
do
Transportation and public utilities:
Local and suburban transportation
do
Motor freight transportation and storage do
Telephone communication
do
Electric, gas, and sanitary services _ do
Wholesale and retail trade
do
Wholesale trade _ _ _ _ _
._ _ ._ do _ _
Retail trade
do
Services and miscellaneous:
Hotels, tourist courts, and motels
do
Laundries, cleaning and dyeing plants do
Average weekly gross earnings per production
worker on payrolls of nonagric. estab.:!
All manufacturing establishments f
dollars. _
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
Fabricated metal products
do
Machinery
do
Electrical equipment and supplies
do
Transportation equipment
_ _ _ _ do. ..
Instruments and related products
do
Miscellaneous mfe. industries
do
O-T e
07
qo
qc n
-I
107. 53
111.92 110. 00 110. 27 110.95
117. 18
121. 67 119. 99 120. 69 120. 69
131. 57
135. 36 136.21 134.09 132. 82
88.91
88.88
88.75
88.54
92.62
90.06
88.15
88.58
87.98
91.08
110. 04
114. 24 110.66 110. 54 112.83
133. 88
138.09 135. 34 136. 08 136. 83
116.20
121.69 118. 02 119.00 119.85
134. 90 132.41 133. 76 134. 95
127. 58
105. 78
108. 77 107. 79 108. 05 107. 53
141. 86 142. 46 140. 71 140. 06
137. 71
113.40 111.72 112.67 113.10
108. 47
89.28
87.52
88.84
88.80
85.39
'1 Revised.
? Preliminary.
« Average for 11 months.
Includes Post Office employees hired for the Christmas season; there were about 124,000
such employees in the United States in Dec. 1966.
©Effective Jan. 1965, data reflect change in definition of class I railroads (to $5 million or
A
35.8
36.4
40.3
35.0
111.24 112. 05 112.74 111.11 111.78 113.71 113.85 113.99 114. 40 '113.02 111.48
47
121. 54 121.82 121.82 119.81 120. 54 123.94 124. 07 123. 77 124. 20 ' 122. 72 1120.
34 n^
133. 46 134. 51 134, 20 133. 88 134. 82 136. 95 136. 63 137.92 ' 138. 78 ' 137. 48 on no
92.00 ' 90. 97 ' 90. 12
93.94
93.66
94.83
92.48
94.83
94.66
94.07
93.79 ' 90. 23 89.27
92. 74
93.86
91.96
89.13
93.21
88.75
93.26
90.67
114.09 114.63 115.60 113. 82 115.75 116. 05 116. 47 115.79 r 115. 23 '113. 16
137.
28 '137. 70
138.69
139.
02
139.
50
140.
77
136. 86 138. 09
138. 74 139. 07
119.99 121.84 121.70 119. 42 121.26 124. 84 1 24. 26 123. 09 - 124. 53 '122.06 119.84
134. 03 135. 83 135. 83 131. 89 133. 55 136. 53 136. 34 136.78 138. 60 '137.78 135. 56
107. 68 108. 62 108. 62 106. 11 107. 68 110, 12 109. 86 109.74 110. 42 '109. 08
137. 23
141. 47 139. 07 140. 25 137. 94 139. 35 144. 84 146. 63 145. 52 '144.93 '141.36 m
AA
112.71 113.79 113.94 111.90 112.17 114.78 114.93 114.66 '115. 78 114. 54
90.25
90. 09 1 90. 45 I ' 91. 20 91.48
86. 24
89.20
87.74
88. 62
88. 62
88.22
more annual railway operating revenues). The index (back to 1963) has been adjusted for
comparability, whereas the number of employees has not.
.
.
chmxm
! See corresponding note, bottom p. S-13.
9Includes data for industries not shown
separately.
SURVEY OF CURKENT BUSINESS
March 19«7
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1967
1966
1966
Annual
S-15
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.?
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS!— Continued
.verage weekly gross earnings per production
worker on payrolls of nonagric. estab.f— Con.
All manufacturing establishments f— Continued
94.64
Nondurable goods industries
- _
dollars 99.87
Food and kindred products
do
- 79.21
Tobacco manufactures _
do
78. 17
Textile mill products _ _ _ _ _
do
66.61
Apparel and related products
do
114. 22
Paper and allied products
do
Printing, publishing, and allied ind
do
118. 12
121.09
Chemicals and allied products
do
Petroleum refining and related ind
do
138. 42
109. 62
Rubber and misc. plastics products
do
71.82
Leather and leather products. .
do
Nonmanufacturing establishments :f
123. 52
Mining 9
do
Metal mining
do
127 30
137. 45
Coal mining
do
Crude petroleum and natural gas. _ . do _.. 116. 18
Contract construction
do
138. 01
General building contractors
do
128. 16
Heavy construction _ _ _ _ _ _ _
do
137. 90
Special trade contractors
do
144 99
Transportation and public utilities:
Local and suburban transportation
do
108. 20
Motor freight transportation and storage-do
130. 48
Telephone communication
do
109 08
Electric, gas, and sanitary services
do
131. 24
Wholesale and retail trade
do
76.53
Wholesale trade
do
106 49
Retail trade
do
66 61
Finance, insurance, and real estate:
79 24
Banking
do
Insurance carriers
._
do
95.86
Services and miscellaneous:
Hotels, tourist courts, and motels
do
51.17
Laundries, cleaning and dyeing plants. ..do
58.98
L verage hourly gross earnings per production
worker on payrolls of nonagric. estab.:f
All manufacturing establishments f
dollars^.
2.61
2.50
Excluding overtimed1--do
Durable goods industries
do
2 79
Excluding overtimed 51 --do
2 67
Ordnance and accessories _ .
do
3.14
Lumber and wood products
do
2.17
Furniture and
fixtures.
do
2 12
Stone, clay, and glass products
do
2.62
Primary metal industries
do
3.18
Blast furnaces, steel and rolling mills do
3 46
Fabricated metal products
do
2.76
Machinery
do
2.96
Electrical equipment and supplies
do
2.58
Transportation equipment 9
do
3.21
Motor vehicles and equipment
do
3.34
Aircraft and parts.
do
3 14
Instruments and related products
do
2.62
Miscellaneous mfg. industries .. _
do
2 14
Nondurable goods industries
do
2.36
1
Excluding overtimed"
do
2.27
Food and kindred products _
do
2 43
Tobacco manufactures
do
2 09
Textile mill products
do
1 87
Apparel and related products _ _
do
1 83
Paper and allied products
do _ _ .
2.65
Printing, publishing, and allied ind_. do
3.06
Chemicals and allied products
do
2.89
Petroleum refining and related ind.
do
Petroleum refining
...
do
3 47
Rubber and misc. plastics products
do
2.61
Leather and leather products
do
1.88
Nonmanufacturing establishments:!
Mining9
do
2 92
Metal mining
.
do
3 06
o 3 45
Coal mining, .
do
Crude petroleum and natural gas
do
2.74
Contract construction
do
3.69
General building contractors
" _ "do, " "
3.55
Heavy construction
do
3.38
Special trade contractors
do
3.94
Transportation and public utilities:
Local and suburban transportation
do
2.57
Motor freight transportation and storage-do
3.07
Telephone communication
do
2.70
Electric, gas, and sanitary services
do
3.17
Wholesale and retail trade
do
2.03
Wholesale trade
do
2 61
Retail trade
do
1 82
Services and miscellaneous:
Hotels, tourist courts, and motels
do
1.35
Laundries, cleaning and dyeing plants _.do
1.52
98.49
103. 82
84.97
82. 12
68.80
119.35
122. 61
125.46
144. 58
111.72
74.88
95.52
101. 34
82.30
79.84
66.05
115. 83
117. 73
122. 18
141. 62
111.41
74.11
96.88
101. 59
87.91
81.22
68.81
116.37
119. 74
123. 19
140. 61
111.14
75.26
96.88
101. 66
84.64
81.22
69.37
117. 34
121.06
122. 64
141. 62
110.46
73.92
96.96
102. 21
86.49
79.90
67.51
117. 50
120. 82
124. 66
145. 69
110. 62
73.33
98.33
103. 89
86.94
81.45
68.26
119. 03
122. 22
124. 49
145. 61
111.57
74.88
99.23
104. 24
88.55
84.35
68.63
120. 18
122. 54
125. 76
145. 95
111.30
76.05
99.14
105. 59
87.23
81.76
67.88
120. 50
121. 83
126.00
147.06
110.27
74.49
99.23
103. 34
82.68
83.36
70.11
120. 77
122. 85
125. 70
142. 72
111.04
75.85
99.54
104. 92
83.41
83.38
67.83
121. 92
125. 12
127. 14
146.80
114. 21
74.09
99. 94
104. 08
81.93
83.20
70.64
121.37
125. 51
127. 56
145. 43
113.52
74.68
100.10
104. 90
81.24
83.21
70.25
121. 37
124. 87
128. 29
146. 70
112. 98
76.03
99.65
100. 25
106. 14 105. 41
88.29 ' 83. 32
' 82. 20 '81.61
69 87 ' 70. 40
'•120.81 '119.84
125. 51 ' 122. 88
127.98 '126.46
f
145. 67 '145.25
' 112. 71 '111.78
' 76. 82 ' 77. 40
98.78
104.66
80.94
80.60
71.08
118.72
123. 26
124. 84
144. 96
109.75
76.56
130 24
133 77
145 86
122. 26
145 51
135. 76
145.
14
159 44
126. 48
132 19
142 04
121. 27
138 34
129. 23
133. 23
146 21
126. 30
130 62
142 45
120. 42
139. 05
130. 30
131.41
147 38
127. 37
129 79
143 44
121. 69
143 26
134. 32
139. 47
150 26
121. 72
133 88
111.52
122. 41
140. 59
131. 74
137. 94
148 15
130. 85
132 51
152 31
121. 84
141.71
132. 09
137. 07
150 88
132. 80
134 93
153 41
121. 70
146. 69
135. 05
150. 45
153 38
131. 46
135. 79
145. 70
123. 70
150. 15
137. 27
154. 07
156. 59
131. 58
134. 62
149. 33
121. 84
149. 38
138. 00
152. 34
155 70
133. 73
136. 64
151. 00
123. 68
151.67
140. 56
156. 09
157 88
134 78
135 14
156 98
123. 68
152 08
141. 70
155. 55
157 96
131. 66
135. 24
146. 20
124. 53
143. 39
136. 26
138. 16
151 20
^133.45
'134.41
T
136. 53 138. 57
' 155. 91 152.63
' 124. 49 127. 67
148. 06 '148.40
a 40. 84 140. 12
'141.29 141.37
155 72 156 34
132. 40
112. 52
135. 15
113 27
136. 95
79 02
111 11
68 57
108. 42
128. 96
110 12
135. 20
77 54
108 53
67 49
109. 10
132. 40
112 87
135. 62
77.70
109 08
67 30
109. 36
131. 88
111 63
133. 25
77.86
109 48
67 12
111.83
131.36
111.08
133. 99
78.23
110 43
67 47
113. 52
133. 14
111. 63
135. 14
78.60
111 11
67 64
113. 52
137. 06
113. 15
134. 72
79.45
110 70
69. 14
114. 59
136. 42
114. 12
139. 35
80.94
112.20
70.48
113. 63
136. 63
112. 33
136. 54
80.73
111.38
70.11
112.83
138. 78
114. 11
137. 86
79. 92
111.93
69.09
115.56
138. 14
114 24
141. 20
79 86
112 74
68 87
114. 75
136. 43
117. 03
140. 53
79.79
112. 87
68.64
113.28 112.05
'137.82 133. 44
'115.31 113.08
'140.11 139. 52
80.14
80.30
'114.52 '113.81
' 69. 65 ' 69. 15
89 21
99 32
82 28
98.21
81 47
99.22
81 84
98.85
82 21
98.85
82 21
98.69
81 18
99.06
82.43
99.80
82 21
99. 32
82 14
99.70
82 81
100.44
82 73 '83 78
100.81 '101. 08
84.67
100. 10
53 34
61.12
52 36
59.44
52.59
58.90
52. 13
59.82
52.36
60.04
52. 97
61.44
52.68
62.15
53.72
61.76
53.58
60.74
53.73
61.88
55 06
62. 65
54.83 ' 55. 35
61.99
62.87
54.75
62.46
2.71
2 59
9 89
0
75
3 920
2 7
2 20
2.72
3 28
3 58
2.87
3 08
2 64
3.33
3.44
3 30
2.70
2.67
2.56
2 86
2.72
3. 17
2.20
2 15
2.67
3.24
3 54
2.82
3.04
2.61
3.28
3.38
3 26
2.67
2 21
2.41
2.31
2 49
2 22
1 92
1 88
2.70
3.11
2.94
3 38
3 56
2.64
1.92
2.68
2.56
2 86
2 72
3 17
2.19
2 17
2.68
3.25
3 56
2.84
3 06
2.61
3.28
3.37
3 26
2.68
2 21
2.41
2.32
2 51
2 21
1 92
1 88
2.71
3.12
2.92
3 38
3 57
2.63
1.92
2.70
2.58
2 88
2.74
3.17
2.25
2 17
2.71
0 OO
2.45
2.35
9 52
9 19
1 96
1 89
2.75
3.16
2.98
3 41
3 60
2. 66
1.94
2.67
2.56
2 85
2 72
3 19
2.17
2 15
2.66
3.23
3 53
2.81
3 03
2.61
3.29
3.39
3 25
2.66
2 21
2.40
2.31
2 49
2 16
1 91
1 85
2.70
3.09
2.93
3 38
3 55
2.64
1.91
3 59
2.85
3.06
2.62
3.29
3.41
3 25
2.69
2 21
2.43
2.33
2 53
2 27
1 93
1 87
2.72
3.13
2.94
3.42
3 62
2.64
1.94
2.70
2.58
2 88
2.74
3.18
2.27
2 19
2.71
3.28
3 59
2.86
3.08
2.63
3.28
3.37
3 29
2.69
2.21
2.44
2.34
2.54
2 27
1 93
1.87
2.73
3.15
2.95
3.41
3 61
2.65
1.94
2.71
2.58
2.88
2.74
3.18
2.28
2.20
2.72
3.29
3 60
2.85
3.08
2.63
3.30
3.39
3 30
2.70
2.21
2.45
2.34
2 53
2 30
1 98
1.87
2.75
3.15
2.98
3.41
3.62
2.65
1.94
2.71
2.59
2.88
2.74
3.18
2.29
2.19
2.71
3.29
3 61
2.85
3.06
2.62
3.30
3.40
3.30
2.69
2.20
2.46
2.35
2.52
2.32
1.97
1.87
2.77
3.14
3.00
3.42
3.63
2.67
1.91
2.70
2.57
2.87
2.73
. 3.21
2.30
2.21
2.73
3.28
3 59
2.86
3.07
2. 62
3.31
3.42
3 32
2.69
2.20
2.45
2.34
2.49
2 17
1.98
1.90
2.77
3.15
3.00
3.39
3.58
2.65
1.94
2.74
2.61
2.93
2.78
3.23
2.33
2.23
2.75
3.32
3 61
2.91
3.11
2.66
3.40
3.54
3 33
2. 72
2.23
2.47
2.36
2.51
2 08
1.99
1.90
2.79
3.20
3. 02
3. 43
3.62
2.70
1.96
2. 75
2 62
2 94
2 79
3 23
2 33
2 24
2. 76
3 31
3 59
2.91
39 I 9
66
3.41
3.55
3 35
2.73
9 23
2.48
2.37
9
52
9 09
2 00
1 93
2. 79
3.21
3.03
3 43
3 60
2.69
1.96
2.76
2.63
2.94
2.80
3.23
2.30
2.24
2.77
3.31
3 58
2.91
3.13
2.67
3. 40
3.52
3 37
2.73
2.25
2.49
2.39
2.54
2 11
2.01
1.93
2.79
3.21
3.04
3.46
3 64
2.69
1.98
2.77
2.65
2.95
2.82
3.25
2.28
2.26
2.77
3.30
r 3 56
' 2. 93
3. 15
2.68
'3.41
3.53
'3 36
2.75
'2.28
2.50
2.40
2.57
2 18
2 00
1.93
2.79
3.21
3.04
3. 46
3 63
2.69
'1.98
3 05
3 17
° 3 61
2.87
3.87
3.74
3.54
4.12
2 99
3 14
3 49
2.84
3.79
3.63
3.39
4.05
3 00
3 14
3 50
2.84
3.82
3.66
3.44
4.06
2 99
3 12
3 49
2.83
3.80
3.65
3.41
4.05
2 94
3 15
3 40
2.86
3.81
3.68
3.44
4.07
3 05
3 14
3 67
2.86
3.83
3.70
3.47
4.10
3 06
3 16
3 67
2.85
3.83
3.69
3.54
4.09
3.05
3.18
2.87
3.85
3.70
3.55
4.11
3.06
3.19
3 66
2.86
3.89
3.75
3.61
4.13
3 11
3 20
3 71
2.91
3.96
3.83
3.69
4.21
3 12
3 21
3 79
2.91
3.95
3.84
3.66
4.19
3 12
3 22
3 79
2.93
3.95
3.86
3.57
4.20
' 3 14 3 17
' 3 22 3 23
r 3 73
3 75
2.99
'2.95
'4.00
3.98
3.86
3.88
3.57
3.55
4.26
4. 22
2.66
3.18
2.79
3.30
2.13
9 73
1 91
2.60
3.10
2.76
3.25
2.09
2 66
1 88
2. 61
3.13
2.78
3.26
2.10
9 68
1 88
2.61
3.14
2.77
3.25
2.11
2 69
1 88
2.65
3.15
2.77
3.26
2.12
2 72
1 89
2.64
3.17
2.77
3.28
2.13
2 73
1 90
2.64
3.18
2.78
3.27
2.13
2 72
1 91
2.69
3.18
2.77
3.31
2.13
2 73
1.91
2.68
3.17
2.76
3.29
2.13
2 73
1 90
2. 68'
3.22
2.79
3.33
2.16
9
75
1.93
2.70
3. 22
2. 80
3.37
2. 17
9 77
1 94
2.70
3.21
2.82
3.37
2.18
9 yg
1 95
2.71
3.22
' 2. 89
'3.36
2.16
' 2 80
' 1 94
1.43
1.60
1.40
1.56
1.41
1.55
1.39
1.57
1.40
1.58
9 92
'2.77
'2.66
' 2.95
'2.83
' 3. 25
2. 27
2.25
'2.76
'3.31
3 59
' 2. 92
'3.16
2.68
'3.39
3.50
3.36
'2.76
' 2. 31
2.51
2.42
2.59
' 2 21
'2.01
'1.95
2. 80
' 3. 20
3.04
' 3.50
'3 67
'2.70
'2.00
2.70
3.20
2.87
3.37
2.20
2 81
1 97
142.84
80.44
113.65
68. 95
2.78
2.68
2.96
2.84
3.23
2.31
2. 26
2.77
3.31
2.93
3. 16
2.70
3.38
3.46
3.37
2.76
2. 32
2.52
2.43
2.61
2.28
2.01
1.98
2. 80
3.21
3.03
3.51
3.69
2.69
2. 02
3. 16
~ 3. 99
2. 21
2.82
1.97
1.41
1.46
1.41
1.42
1.42
1.49
1.50
1.48
1.50
1.60
1. 62
1.59
1.61
1.64
1.67
1.60
1.64
1.65
d* Derived by assuming that overtime hours are paid at the rate of time and one-half
9 Includes data for industries not shown separately.
1
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
March 1967
1966
Jan.
Feb.
Mar.
Apr.
May
June
1967
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
3.748
5 355
1.33
3.752
5 364
190
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.: f
Accession rate, totaL mo. rate per 100 employees. _
Seasonally adjusted
_
do
N e w hires. . _ _ _ . _
do
Separation rate, total
.do. ._
Quit
do
Layoff
do
Seasonally adjusted
do
Industrial disputes (strikes and lockouts) :
Beginning in period:
Work stoppages. .. _ .number..
Workers involved
thous
In effect during month:
Work stoppages
number
Workers involved
thous
Man-days idle during period
do
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
N on farm placements
thous
Unemployment insurance programs:
Insured unemployment, all programs©
do. __
State programs:
Initial claims
... .. ..do _
Insured unemployment, weekly avg do. .
Percent of covered employment:^
Unadjusted
._
Seasonally adjusted
Beneficiaries, weekly average . ... ..thous.
Benefits paid
mil. $
Federal employees, insured unemployment,
weekly average...
_
thous.
Veterans' program (UCX):
Initial claims
. ._
do. .
Insured unemployment, weekly avg do
Beneficiaries, weekly average
do
Benefits paid
mil. $
Railroad program:
Applications
. . . thous
Insured unemployment, weekly avg do
Benefits paid
mil. $
3.415
4.951
1.14
1
3.623
5.207
1.23
3. 008
3.496
5 064
1.24
3.090
3.520
5.087
3.520
5.097
3.134
3.049
3.533
5 108
1.28
3.083
3.567
5.141
3.644
5 213
3.083
3.075
3.678
5.238
1.26
3.095
3.693
5.273
3.700
5. 294
3.060
3.098
3.700
5 301
1.18
3.106
3.710
5.330
3.720
5 335
155
190
184
191
201
189
185
184
186
189
189
193
194
193
189
4.3
4.8
38
4.6
4.2
4.9
3.1
3.6
4.9
5 2
3.7
4.1
4.6
4.8
3.6
4.3
5.1
5.1
4.1
4.3
6.7
5.3
5.6
4.4
5.1
4.6
3.9
5.3
6.4
5.1
4.8
5.8
6.1
5.0
4.7
6.6
5.1
5.1
4.1
4.8
3.9
4.9
3.1
4.3
2.9
4.5
2.1
4.1
3.1
4.1
4.6
4.9
3.2
4.0
1.9
1.4
2.6
12
1.9
1.3
1 2
1.8
1.0
1 2
2.3
1 90
1
2.5
1.0
12
2.5
.9
1.1
2.5
1.0
13
2.5
2.0
1.7
3.6
1.1
10
4.5
1.0
1. 1
2.8
1.1
1 0
2.1
1.3
11
'4.2
r
4.4
2.9
4.3
1.7
18
1 3
2.0
1.5
275
98
14
3,963
1 550
4, 2UO
1 300
205
101
240
107
310
198
350
228
480
208
430
150
420
235
440
108
380
117
390
193
320
114
150
33
23,300
25, 000
335
127
1,000
380
142
865
450
236
1,350
500
379
2,450
640
294
2,870
660
243
1,950
660
299
2, 980
700
331
3,420
620
221
1,950
630
260
2, 290
550
221
2, 170
1,810
6 473
6 493
452
460
547
533
568
622
549
619
619
592
513
421
440
1,419
1,123
1,736
1,678
1,381
1,112
916
841
1,001
980
802
799
955
1,313
1,631
12, 047
1,328
10, 575
1,061
1,399
1,644
985
1,590
769
1,301
693
1,044
665
862
690
793
1,019
947
826
928
626
755
709
753
915
903
1, 280
1,254
1,346
1,558
1.8
902
360
148
440
190
1,270
3.3
3.0
2.3
1,131
2,166
895
1 771
3.7
2 7
1,330
212. 7
3.6
2 6
1,413
217.2
2.9
2 3
1,272
225 5
2.3
2 2
931
155.5
1.9
2.1
806
126.1
702
114.4
2.1
2 4
719
113 8
2.0
2.4
791
143.1
1.6
2 2
640
106.5
1.6
2 1
589
93.7
1.9
2 2
673
114.8
157.6
2 4
1,276
224.8
25
21
29
29
26
21
18
18
19
18
16
16
17
20
23
266
36
34
67 5
182
21
19
39. 5
20
32
30
4.8
18
31
30
4.6
17
27
26
4 6
13
22
21
3.6
12
18
18
2.9
14
17
16
2.9
17
19
15
2.4
16
19
18
3.2
12
15
14
2.6
13
14
12
2.1
15
16
13
2.4
17
21
16
3.0
19
25
22
4.0
138
30
60.5
145
20
39.3
11
30
5.1
4
28
4.1
5
26
5.2
6
23
3.6
18
3.8
25
15
2.9
18
16
2.1
8
15
2.5
16
2.4
6
16
2.1
6
18
2.6
7
19
2.9
25
3 464
11 239
2 253
8 986
3 418
11 437
2 113
9 324
3,420
10, 769
2,090
8,679
3,369
12 183
2 361
9,822
3,387
12, 835
2 653
10,182
3,370
11,778
2 773
9, 005
3,359
13, 045
2,977
10, 068
3,457
14 169
3,153
11,016
3,603
13 279
3,089
10,190
3,601
15 161
3,449
11,712
2.7
9 4
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
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
3 392
9 058
1 903
7 155
3
13
3
10
603
279
089
190
8 080
9 452
4 281
1*055
2,745
4 958
1 290
3 205
Reserve bank credit outstanding, total 9 .-do
Discounts and advances
.
.
do
U.S. Government securities.. .
do .
Gold certificate reserves
do
Liabilities, total 9
do
Deposits, total
.....
. do
Member-bank reserve balances
do. ..
Federal Reserve notes in circulation
do
Ratio of gold certificate reserves to FR note
liabilities
percent
!
332
984
834
150
3 313
10 365
1 828
8 537
3 388
10 732
2 066
8 666
8,206
8 367
8,570
8,788
8,946
9,145
9,351
9,412
9, 406
9,381
9,357
9,452
9, 560
4 647
1, 106
3, 193
4,725
1,105
3,315
4 788
1,167
3,396
4 853
1,190
3, 368
4 900
1,199
3,308
4,926
1,219
3,236
4,938
1,276
3,143
4,958
1,290
3,205
4, 980
1,323
3, 251
4 328
1,113
2,766
4 385
l' 145
2 837
4 477
1,137
2,956
4 553
1,148
3,087
5, 557. 8
2, 299. 4
3, 258. 4
1 243. 1
2 015 3
5, 673. 0
2, 375. 6
3, 297. 4
1 265 1
2 032 3
5, 784. 6
2,411.7
3, 372. 9
1 313.6
2 059 3
5, 858. 0
2,501.5
3, 356. 5
1,281.6
2 074 9
5, 909. 2
2, 513. 5
3, 395. 7
2, 326. 8
2 068 9
5, 908. 3
2, 494. 1
3,414.2
1, 327. 0
2 087. 2
5, 868. 3
2, 394. 1
3, 474. 2
1, 343. 6
2 130 6
6, 092. 4
2, 597. 0
3, 495. 4
1, 357. 1
2 138.3
6, 105. 2
2, 559. 1
3, 546. 1
1, 387. 2
2, 158 9
6, 065. 4
2, 551. 8
3, 513. 6
1, 364. 9
2, 148. 7
6, 078. 5
2, 566. 6
3,511.9
1, 373. 8
2 138. 1
6, 406. 5
2, 844. 6
3,561.9
1, 405. 1
2 156.8
6, 409. 1
2, 847. 3
3,561.8
1, 362. 2
2, 199. 6
70 33'>
64, 246
63 794
64, 124
65, 452
64, 797
66, 520
67, 574
66, 342
67, 385
67, 257
68, 376
70,332
67, 493
67, 490
43, 340
137
40, 768
13 436
47, 192
173
44. 282
1° fi~4
43,085
239
40, 565
13 436
42, 717
315
40, 189
13 432
42. 840
327
40, 734
13 204
43, 285
452
40, 713
13 190
43, 940
441
41,480
13 092
44, 656
292
42, 169
12 993
45,816
877
42,
380
I9 890
44, 450
386
42,
518
I1' 788
45, 475
773
42,907
12,779
45, 501
410
42, 975
12, 776
46. 281
458
43, 912
12, 667
47, 192
173
44, 282
12,074
45, 602
71
43, 464
12,678
45, 799
165
43, 971
12, 626
65 371
70 33iJ
64, 246
63 794
64, 124
65, 452
6i, 797
66, 520
67, 574
66. 342
67, 385
67, 257
68, 376
70, 332
67, 493
67, 490
19. 620
18,447
37,950
20, 972
19, 794
40, 19t)
20, 098
18,751
37, 337
19, 205
18,014
37, 322
19, 233
18, 000
37, 432
19,841
18,736
37, 536
19,673
18, 119
37, 880
20, 083
18, 567
38, 258
21,354
19,155
38, 583
19, 591
17,399
38, 660
20, 887
19, 538
38, 623
20, 767
19, 338
38, 759
19, 987
19, 093
39, 581
20, 972
19,794
40, 196
20, 171
18, 773
39, 216
19, 879
18, 916
39,115
35 4
31 5
36 0
36 0
35.3
35.1
34.6
34.0
33.4
33.1
33.1
33.0
32. 0
31.5
32.3
32.3
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted: A
Total (233 SMSA's)0_
. . bil. $
New York SMSA
do
Total 232 SMSA's (except N.Y.) . . . do
6 other leading S MSA's \
do
226 other SMSA's
do
Federal Reserve banks, condition, end of period:
Assets, total 9
mil. $
3
9
1
8
65 371
"•Revised.
>> Preliminary.
Includes adjustments not distributed by months.
§Wages as of Mar. 1, 1967: Common labor, *3!"57; skilled labor, $5.371.
fSee corresponding note, bottom of p. S-13.
® Excludes persons under extended duration provisions.
cf Insured unemployment as % of average covered employment in :i 12-month period.
ARevised series.
OTotal SMSA's include some cities and counties not designated as SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los
Angeles-Long Beach.
9 Includes data not shown separately.
SURVEY OF CUEKENT BUSINESS
March 1967
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
End of year
S-17
1966
Jan.
Mar.
Feb.
Apr.
May
1967
June
July
22 534
22, 212
322
674
-352
23 090
22, 682
408
766
-358
Aug.
Sept.
Oct.
Nov.
Dec.
22, 655
22,317
338
728
-390
23, 240
22, 842
398
766
-368
23, 333
23,031
302
733
-431
23,251
22, 862
389
611
-222
23,830
23,438
392
557
-165
71,220 71,052
104,508 104, 712
76, 596 76, 125
5,696
5,738
4,512
3,177
12, 058 11,710
91,255 90,379
72, 473
107,393
77, 518
6,614
3,460
12,692
88,735
72, 996 74, 983 73, 703 72,600
108,817 114,626 111,768 109, 635
79, 359 82, 985 79,215 79,254
6,300
6,127
6,310
6,771
2,779
2,944
3,879
3, 355
13, 077 13, 838 13.481 13, 236
88, 383 89, 495 92, 985 94, 240
Jan.
Feb.
FINANCE—Continued
BANKING- Continued
All member banks of Federal Reserve System,
averages of daily figures:
Reserves held, total
mil. $
Required
- - do
Excess
.
-__
do .
Borrowings from Federal Reserve banks
do
Free reserves
^
do
Large commercial banks reporting to Federal Reserve System, Wed. nearest end of yr. or mo.:
Deposits:
Demand, adjustedcf
_ _ _ _ _ _
mil. $
Demand, total 9
. __
. do_ .
Individuals, partnerships, and corp
do
State and local Governments
do
U.S. Government
_
do
Domestic commercial banks _ _ _ _ _ d o _ _
Time, total 9
do
Individuals, partnerships, and corp.:
Savings.
__
_ __do_ _
Other time
do
Loans (adjusted) , totaled
do
Commercial and industrial
do
For purchasing or carrying securities
do
To nonbank financial institutions
do
Real estate loans
do
Other loans
do
Investments, total
do
U.S. Government securities, total
do
Notes and bonds
_
__. do_
Other securities
do
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas. adj. :t
Total loans and investmentsO
_
bil. $
Loans O
do
IT S Government securities
do
Other securities
do
1
22, 719
i 22,1 267
452
i 454
i -2
23, 830 22 750
23, 438 22, 392
*392
358
1
557
402
1
—165
—44
69, 723 2 74, 983
103, 507 22114,626
75, 269
82, 985
5,355 2 6, 127
3,866 2 2 3, 879
12,429
13, 838
78, 260 2 89, 495
45,362
21, 258
117,165
50, 629
6,420
10,919
22, 540
32 068
48 299
24, 252
19, 502
24, 047
294.4
192.0
57 7
44.8
Money and interest rates: §
Bank rates on short-term business loans:
In 19 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 _ _
Federal intermediate credit bank loans
do
Federal land bank loans
_ _
do
Home mortgage rates (conventional 1st mortgages):
New home purchase (U.S. avg.)
percent__
Existing home purchase (U.S. avg.)
do
Open market rates, New York City:
B ankers' acceptances (prime , 90 days) _ . do_ _ .
Commercial paper (prime, 4-6 months)__do
Finance Co. paper placed directly, 3-6 rno.do
Stock Exchange call loans, going rate
do
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent. .
3-5 year issues _ .
do
1
1
4
4
4
4
68,220
99,647
72,415
5,532
3,153
11,982
78,868
2
2
47, 099 45,015
28 979 22, 259
2
134 570 116, 025
2
60, 590 50, 462
2
6,429
6, 686
2 11 264 10,349
2
22, 638
27
429
2
34 752 31,444
2
51 410 47, 557
2
24 750 23,942
2
19, 768 18, 957
2
*>6 660 23, 615
3
3
310. 7
208 2
54 2
3
48 3
5. 06
4 83
5. 09
5. 34
4
6
4
5
4
6
4
4.50
4. 94
5. 43
4
4
5.76
5. 89
4. 22
4. 38
M.27
M.69
297
194.
58
44
4
5
0
9
22 528
22, 170
358
626
—268
22 233
21, 862
371
478
— 107
22 160
21, 855
305
551
-246
65, 231
99, 182
71,371
5,531
3,147
12,619
79, 600
66, 292 67, 921 65, 631 2 71,286 70, 654
97, 162 101, 082 102, 618 2108,899
105, 515
70, 313 73, 303 71, 772 2 75,830 75, 920
5,986
5,651
6,030 22 6,161
5,469
3,223
7,764
4,308
3,983
4,700
11,512 11,807 12, 727 2 11,858 12, 271
2
81, 001 81,813 82, 695 90,185 91,018
22 487
22,117
370
722
-352
2
45, 064 45, 111 43, 377 43, 093 48,413 47, 386
22 961 24, 160 26, 040 27, 133 2 28,687 30 625
116 939 118.410 119, 494 121, 725 22132,901 132, 381
51,315 52. 640 52, 495 53, 839 258,246 59, 008
6, 035
6,784
6,249
6,972
6,139
6,666
10 419 10. 613 10, 789 10, 924 2 11 935 11 349
22, 730 22, 867 23, 041 23, 260 2 26,662 26, 868
31 124 32, 019 31 757 32 786 2 35 184 34 522
46 220 45, 252 46 371 45 368 22 50 296 49 791
22 418 21, 474 21, 849 20, 704 2 22,482 22, 287
18, 296 17, 945 18,064 17, 469 19,617 19, 593
23 802 23, 778 24 522 24, 664 2 27 814 27 504
297.
196
55
45
5
2
9
4
300.3
198.6
56.0
45.7
302.9
200.8
55 9
46.2
304.9 3 307. 7
202. 3 3 204. 0
55. 1
55 1
3
47.4
48 6
5.55
5 41
5.58
5.70
00
84
06
6 14
5
5
5
6
309.2
206.4
54 4
48 5
T
T
24,075 23, 705
23,702 23, 348
357
' 373
362
389
-5
-16
47, 228 47, 237 46,962 46, 924 47, 099 46, 459 46, 609
30 859 30 304 29,197 28, 944 28, 979 32, 425 33, 013
131,238 132,012 131,986 131,550 '134,570 133,268 132 350
58, 252 59, 399 59,676 59, 938 r 60,590 60, 258 60, 730
5,335 r 6,686
7,419
5,821
6,799
5,703
6,496
10 454 10, 822 10, 640 10, 350 11,264 10, 296
9 942
27,137 27, 331 27,446 27, 491 'r 27,429 27, 291 27,168
35 258 34 347 33 973 34, 636 34 752 34, 357 33 808
50 874 50 627 49 578 49, 823 51 410 53,163 54 147
23 474 23, 127 22, 810 23, 438 24, 750 25, 758 25 629
19, 248 19,033 18, 943 19, 589 19, 768 20, 246 21, 058
27 400 27, 500 26 768 26, 385 26 660 27,405 28 518
310.8
206 6
56 1
48 1
82
65
86
00
308.7
206. 1
54 3
48.3
6
6
6
6
308.1
207.3
52 4
48.4
308.4
207.3
52.9
48.3
310.7
208.2
54 2
48.3
314.5
211.3
53.8
49.5
316. 2
210.7
54.9
50.7
6 31
6 16
6.38
6 46
30
13
40
42
4.50
5 82
5.72
4.50
5.22
5.43
4.50
5.35
5.43
4.50
5.40
5.48
4.50
5.53
5.49
4.50
5.65
5.52
4.50
5.68
5.60
4.50
5.91
5.93
4.50
5 99
5.96
4.50
6 13
5 96
4.50
6.29
5.96
4.50
6.33
5.96
4.50
6.38
5.96
4.50
6.38
5.96
4.50
4
4
6. 11
6. 24
5.81
5.97
5.85
5.97
5.90
6.01
5.99
6.09
6.02
6.16
6.07
6.18
6.12
6.24
6.18
6.35
6.22
6.40
6.32
6.49
6.40
6.50
6.44
6.52
66.47
66.54
6.44
6.49
6
6
fi
fi
5. 36
5. 55
5. 42
5. 78
4.75
4.82
4.82
5.07
4.86
4.88
4.88
5.25
4.96
5.21
5.02
5.41
5.00
5.38
5.25
5.50
5.18
5.39
5.38
5.50
5.39
5.51
5.39
5.52
5.58
5.63
5.51
6.00
5.67
5.85
5.63
6.12
5. 75
5.89
5.67
6.25
5.72
6.00
5.82
6.25
5.67
6.00
5.88
6.25
5.60
6.00
5.88
6.25
5. 23
5.73
5.50
6. 20
4.88
5.38
5.19
5.75
3. 954
4. 22
6 64. 881
5 16
4.596
4.89
4.670
5.02
4.626
4.94
4.611
4.86
4,642
4.94
4.539
5 01
4.855
5.22
4.932
5 58
5.356
5 62
5.387
5 38
5.344
5. 43
5. 007
5 07
4.759
4 71
4.554
4.73
30,312
309
122
30,442
303
30, 574
299
30, 797
292
30, 496
277
30, 581
230
30, 716
192
30, 868
182
31,006
169
31,290
159
31, 398
147
31,590
140
133
109
Total outstanding, end of year or month
mil. $
87, 884
94 786 87, 027 86, 565 87, 059
Installment credit, total. _ _ _ _ . .
do
68, 565
74 656 68,314 68, 279 68,827
Automobile paper
do
28 843
30 961 28, 789 28, 894 29, 248
Other consumer goods paper
do
17,693
19* 834 17, 566 17, 386 17,450
3,597
3,634
Repair and modernization loans
do
3,603
3, 675
3' 751
Personal loans
_ _
do
18, 354
20 110 18, 325 18, 396 18, 532
By type of holder:
Financial institutions, total
. do
60, 273
65 565 60, 202 60, 331 60, 863
Commercial banks
do
29. 173
32, 155 29, 201 29,312 29, 684
Sales finance companies
do
16, 138
16, 936 16,106 16, 072 16, 106
7,593
Credit unions
do
7 512
7,473
7 447
8 549
5, 621
5,630
5, 606
Consumer finance companies
do
5, 598
6* 014
1,850
Other
_
_
do
1,844
1,853
1
,
850
1 911
7,964
8,292
Retail outlets, total
do
7,948
8,112
9,091
Department stores. _
_ _
do
4,488
4,419
Furniture stores
_ . _ do
1, 235
1,208
447
459
Automobile dealers
do
451
448
490
Other
.
do
2, 122
2,037
Moninstallment credit, total. ... do
19, 319
20 130 18,713 18, 286 18, 232
7, 731
7, 666
7,795
Single-payment loans, total
do
7, 682
7 844
Commercial banks
do
6, 574
6,630
6,676
6, 587
6, 714
Otherfinancialinstitutions, .
do
1,092
1,
101
1,119
1.095
1.130
r
Revised.
1
2
Average for Dec.
Revised beginning 3June 1966 to reflect changes in coverage and
format; not comparable with earlier data.
Effective with the June 9 change in Federal
Reserve regulations, d a t a exclude loan balances accumulated for payment of personal loans
(about $1.1 bil.); beginning June
30,
about
$1
bil.
of
certificates, formerly in "other loans,"
4
5
are in "other securities."
Average for year.
Beginning
Jan. 1966,' data are on a new
6
basis; they are not comparable with earlier figures.
Daily average.
cfFor demand deposits, the term "adjusted" denotes demand deposits other than domestic
commercial interbank and U.S. Government, less cash items in process of collection; for
88, 184
69, ,543
29,597
17, 597
3,602
18, 747
89, 092
70, 209
29 908
17,732
3,642
18, 927
90, 070
71, 194
30 402
17 959
3,677
19, 156
90, 650
71,862
30 680
18, 165
3,711
19, 306
91, 483
72, 640
30 918
18,390
3, 755
19,577
91, 639
72 829
30 7g,3
18 564
3,771
19 701
91 899
73 073
30 859
18 714
3, 770
19 737
92, 498
73 491
30 937
18 945
3,772
19, 837
94, 786
74 656
30 961
19 834
3, 75!
93, 479
74 015
30 689
19 649
3, 703
19 974
61,539
30, 127
16, 191
7,711
5, 670
1,840
8,004
62,178
30, 507
16,263
7 839
5, 695
1 , 874
8,031
63, 097
31,013
16, 454
8 009
5, 742
1,879
8,097
63, 745
31,398
16, 585
8 093
5,791
1,878
8,117
64, 454
31, 737
16, 732
8 238
5, 846
1,901
8,186
64,613
31, 778
16, 759
8 394
5, 858
1 894
8, 216
64 792
31,878
16,771
8 391
5 863
1 889
8, 281
65 046
31,978
16,790
8 480
5,881
1 917
8, 445
65 565
9,091
65 162
32, 033
16,814
8 443
5, 969
1 903
8,853
466
472
480
485
489
487
489
490
490
488
18, 883 18, 876
7,925
7, 901
6,784 i 6 767
1,141
1,134
18,788
7,844
6, 720
1,124
18, 843
7,849
6,718
1.131
18.810
7,814
6, 692
1, 122
18.826
7, 768
6, 656
1, 112
19, 007
7,807
6, 678
1,129
20, 130
19 464
7,779
6, 659
1,120
Savings deposits, balance to credit of depositors:
N.Y. State savings banks, end of period
mil. $
U.S. postal savings ^
do
4
4
4
4
6
6
8
6
CONSUMER CREDIT:
(Short- and Intermediate-term)
18, 641
7, 836
6,717
1,119
20 no
32,155
16,936
8 ^49
6 014
1 911
7,844
6, 714
1.130
loans, exclusive of loans to domestic commercial banks and after deduction of valuation
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
9Includes data not shown separately.
tRevised monthly data for commercial bank credit
prior to June 1965 appear on p. 28 of the Nov. 1966 SURVEY; those for consumer credit prior
to Mar. 1965 appear in the May 1966 Fed. Reserve Bulletin.
©Adjusted to exclude interbank loans.
§For bond yields, see p. S--20.
^Monthly data are as of the following dates:
1966-Jan. 28; Feb. 25; Alar. 25; Apr. 22; May 20: June 30; J u l y 15; Aug. 12; Sept. 9;'Oct. 7;
Nov. 4; Dec. 2; 1967—Jan. 27.
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
March 1967
1966
1966
Annual
Jan.
Feb.
Mar.
Apr.
May
June
1967
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
7,144
6,472
Feb.
FINANCE—Continued
CONSUMER CREDIT§— Continued
Total outstanding, end of year or month— Con.
Noninstallment credit— Continued
Charge accounts, total
.mil. $
Department stores
do
Other retail outlets
do
Credit cards
do
Service credit
do
Installment credit extended and repaid:
Unadjusted:
Extended, total
do._.
Automobile paper
do
Other consumer goods paper
do
All other
do
Repaid total
do
Automobile paper
do
Other consumer goods paper
do
\11 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
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public: cf
Receipts from
mil. $
Payments to
do
Excess of receipts or payments ( — )
do
Seasonally adjusted, quarterly totals: t
Receipts from
do
Payments to
do
Excess of receipts, or payments ( — )
do
Receipts and expenditures (national income and
product accounts basis), qtrly. totals, seas,
adj. at annual rates: *
Receipts
bil $
Expenditures
do
Surplus or deficit (~~)
do
Budget receipts and expenditures:
Receipts total
mil $
Receipts netj
do
Customs
do
Individual income taxes
do
Corporation income taxes
do
Employment taxes
do
Other internal revenue and receipts
do
Expenditures total^
do
Interest on public debt
do
Veterans' benefits and services
do
National defense.
do
All other expenditures
do
Public debt and guaranteed obligations:
Gross debt (direct), end of yr. or mo., total-Mi. $-.
Interest bearing, total
do
Public issues.
do
5,393
5,670
5,860
5,908
5,888
5,973
5,993
6,107
746
5,050
755
5,044
765
824
5,067
861
5,056
5,021
932
5,003
908
4,951
5,001
874
5,135
788
5,098
916
4 940
5,142
5,213
5,586
2,001
1,684
1,901
5, 837
2, 055
1,811
1 971
5,517
2,084
1,527
1,906
5,552
1,979
1,707
1,866
6,865
2,676
1,890
2,299
6,317
2,322
1,826
2,169
6,658
2,486
1,874
2,298
5,942
2,137
1,727 '
2,078
6,694
2,526
1,898
2,270
6,028
2,215
1,763
2,050
7,236
2,746
2,013
2,477
6,251
2,252
1,786
2,213
6,670
2,466
1,945
2,259
6,002
2,188
1,739
2,075
7,025
2,543
2,023
2,459
6,247
2,305
1,798
2,144
6,189
2,070
1,935
2,184
6,000
2, 195
1,761
2,044
6,403
2,369
1,949
2,085
6,159
2,310
1,799
2,050
6,611
2,346
2,044
2 221
6,193
2, 261
1,813
2 119
7,442
2,178
2, 720
2, 544
6,277
2, 154
1,831
2,292
5,674
1,923
1,808
1,943
6,315
2,195
1,993
2,127
6,544
2 340
1,983
2,221
5 947
2 115
1 778
2 054
6,492
2 340
1,957
2,195
5 954
2 135
1 781
2 038
6,673
2,479
1,959
2,235
6,024
2,216
1,708
2,100
6, 505
2,302
1,958
2,245
5 974
2,145
1 729
2 100
6,472
2 298
1,933
2, 241
5,979
2,159
1 784
2 036
6,675
2,419
1,944
2,312
6,126
2,211
1,767
2,148
6, 732
2,383
2,050
2,299
6,168
2,238
1,803
2,127
6,689
2,431
1,995
2,263
6,087
2,223
1,792
2,072
6,578
2,387
1,958
2,233
6,103
2,213
1,784
2,106
6,522
2,378
1,941
2,203
6,142
2,244
1,820
2, 078
6,657
2 461
1,947
2,249
6,213
2,255
1 836
2 122
6,433
2, 297
1,928
2, 208
6, 112
2, 225
1,796
2,091
6,501
2 240
2,031
2,230
6 221
2,202
1 882
2 137
145, 136
7 091
150 868 11 233
—5 731 —4 142
12 400
11 264
1 136
13, 804
12, 086
1,718
11,853
11 325
528
13,916
12 821
1,095
14, 748
7,523 10, 698 12, 845
13, 150 12,604 13, 654 12, 545
1,598 -5,080 - 2, 955
299
11, 251
11,641
-390
6,107
75, 508
27, 914
21, 454
26, 140
67, 495
24, 267
19, 355
23, 873
123 376
127 920
—4 544
78, 896
28, 491
23, 502
26, 903
72 805
26, 373
21,361
25 071
743
142 5
142 °
124 354
96 679
1,646
146 863
110 802
1,930
66 151
31 986
24, 059
22 736
118 078
12 752
5,838
64, 271
35 872
7 137
6 453
12 432
8 335
4 140
6 986
530
4,605
2 712
i 329. 32
i 325. 02
i 1273. 03
16 69
i 51. 99
»4* 30
56
27
17
22
102
035
268
303
101
11
5
52
32
378
615
151
773
582
i 320. 90
i 316. 52
i 270. 26
1
(^1
46 26
i 4.39
i 46
1
50. 46
4 49
5.44
3
1
49
i 50. 92
4.86
6.00
6,199
855
4 509
124 9
1°3 4
16
1 1C
Special issues
do
Noninterest bearing and matured
do
Guaranteed obligations not owned by U.S. Treasurv end of year or month
bil $
U.S. savings bonds:
Amount outstanding, end of yr. or m o _ _ _ d o
Sales, series E and H
do
Redemptions
_
.....do __
5,505
i 6,1 746 i 7, 144
968
i 51 055
1874
723
1
4 891 1 5 142
39, 649
35, 983
3,666
36, 339
40, 041
-3, 702
36, 802
37, 820
-1,018
136.0
133.7
141.0
137.1
145.3
145.8
147.9
151.5
-3.6
3.8
10, 586
7,197
359
6,303
1 757
322. 36
317. 93
269. 12
15 58
48.80
4.43
319. 91
315. 43
264. 31
15 50
51.12
4.48
319. 28
314. 88
264. 18
15.58
50.70
4.40
324. 42
319. 70
266. 46
15.96
53. 24
4.72
324. 75
320. 01
266. 95
16 02
53.07
4.73
326. 89
322. 30
270. 41
16 06
51.89
4.59
329.41
324. 86
272. 31
16 29
52.55
4.55
.47
.46
.49
.48
.50
.50
.49
.49
.50
.51
50.63
.40
.49
50.70
.41
.50
50.74
.39
.48
50.84
.37
.41
50.92
.37
.45
50.93
.49
.63
51.01
.43
13, 072
9,929
13, 746
8,452
151
158
7,389
751
976
513
4,483
2 200
322. 00
317.60
273. 24
15 53
44.36
4.40
323. 31
318. 92
273. 14
15 82
45 78
4.39
321. 00
316. 58
270. 62
15 64
45.96
4.42
319. 58
315.22
270. 30
15 47
44.92
4.36
,42
43
.46
.47
1 756
8 809
1 035
50.44
.47
.65
129
573
3 117
1 627
8 156
50.45
.35
.46
50.49
.46
.54
7 341
2,440
1,320
1 821
8,362
1 013
289
4,995
2,078
50.52
.43
.51
-.5
7,993
5,702
158
3,725
878
1,674
1,558
10, 263
1,091
450
4,910
3,851
15, 701
11,297
168
4 376
7,244
2,040
1 873
10, 193
1 035
525
5,600
3 038
136
878
33, 684
36,908
-3,224
2.3
682
423
8,103 11.764
20, 391
12, 053 12, 927 15,206
8,338 -4,824 -3, 442
898
3,615
1,833
9,055
1,025
485
4,895
2,650
50.58
.41
.47
20, 817
17, 151
172
7,295
8,251
2,719
2 380
9,439
1 068
179
5,268
606
2,614
1,920
11,042
1,064
444
5,560
4,025
14, 833
12, 475
170
6,400
4, 547
1,793
1,924
11,883
1 086
532
5,973
4,345
50.70
.40
.57
7,910
5,811
170
3,711
797
1,220
2,011
10, 977
1,098
546
5,536
4,122
50.77
.41
.47
12, 815 11,324
9,386
10,606
160
161
6,749
4,217
5 303
823
4,636
580
1,673
1,655
1,868
1,918
1 888 2,146
9,987
9,512
10 386
1,173
1,160
1 100
467
610
555
6,160
5,500 '5,911
'
1,861
2,279
3 233
9 819
7,394
179
329. 32
325. 02
273. 03
16 69
51.99
4.30
51. 49
3.93
.47
!
|
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies J
159. 63 160. 23 160. 80
bil. $.. U58.88
70.98
70.66
70.50
Bonds (book value), total
__ .do .... i 70. 15
7.27
7.29
7.29
Stocks (book value), total
do
19.13
61.29
60. 52
60.88
Mortgage loans, total
do
i1 60. 01
56.32
N on farm
do
55 19
55 68
55 99
1
4.72
4.70
4.69
Real estate
do
4. 68
7.85
7.72
7.77
Policy loans and premium notes
do
i 7.68
1.02
1.30
1.30
Cash
._ __ . .- _._ _
_._._do
i 1.50
7.67
i 5 73
Other assets
do
7.60
7.63
Payments to policyholders and beneficiaries in
964.3
909.8 1,139.5
U.S., total
mil. $.. 11,416.6 12, 342. 2
503.0
411.8
403.5
Death benefits
do
4 831 4 5 218 2
94.8
85.1
77.9
Matured endowments
do
981.
6
'931 1
16.6
14.4
12.2
Disability payments __ . . .
. _ do.
169.3
163.0
90.0
100.3
104.5
Annuity payments
. . . . do
1,038 9 1, 152. 6
196.5
162.1
157.0
Surrender values
do
1 932 3 2 120.6
228.3
186.4
169.2
Policv dividends
do
2, 519. 9 2, 699. 9
r
Revised.
v Preliminary.
i End of year; assets of life insurance companies are annual statement values.
§See note "J" on p. S-17.
d"Other than borrowing.
JRevisions prior to 1965 for cash
transactions with the public (seas, adj.) and for Jan. 1964-Dec. 1965 for assets of all life insurance companies will be shown later.
329.62
325. 69
274. 20
328. 87
324. 94
273. 69
16.90
51.25
3.93
161.48
71.15
7.28
61.71
56.65
4.73
7.96
.90
7.74
162. 04
71.18
7.31
62.10
56.98
4.74
8.05
1.01
7.65
162. 51
71.10
7.33
62. 55
57.38
4.74
8.16
1.00
7.63
163. 49
71.59
7.38
62.97
57. 78
4.78
8.29
1.12
7.36
163. 94
71.65
7.36
63. 34
58. 13
4.79
8.45
1.18
1. 17
164.49
71.62
7.29
63.68
58.46
4.82
8.67
1.10
7.31
165. 43
71.69
7.34
64.01
58. 78
4.84
8.87
1.26
7.43
166.22
71.87
7.36
64.35
59. 12
4.84
9.00
1.33
7.47
166. 94
71.78
7.44
64.80
59.56
4.88
9.14
1.49
7.43
168. 21
72.34
7.50
65.19
59.96
4.88
9.25
1.40
7.64
i
916. 2 1, 087. 1 1,022.0
956. 0 1, 309. 8 1, 048. 2
984.2
993.5
978.7 1, 081. 1
456.0
494.2
406.2
425. 1
459. I
407.0
450. 0
419.1
421.1
418.1
93.2
82.8
73.0
79.2
77.6
80. 1
80.9
79.9
82.3
88.0
14.8
16.1
13.7
13.1
14.0
12.4
13.6
13.0
15.2
15.0
116.5
95.6
95.3
98.2
92. 5
100.4
94.2
90.9
95.7
95.0
177.7
193.3
165.0
166. 9
178.2
174.1
178.6
189.4
182. 6
176.9
427.8
190.0
188.0
163.0
191.6
254. 4
200.7
242. 8
211. 6
236.1
*New series; latest revised dataf for
earlier periods appear in the Aug. 1965 and July 1966
r ne
issues of the SURVEY.
IfData °
t receipts and total expenditures reflect exclusion of
certain interfund transactions.
SURVEY OF CURRENT BUSINESS
March 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1966
Jan.
Annual
S-19
Mar.
Feb.
Apr.
May
1967
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
8,661
6,640
1,481
540
Feb.
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association:
Insurance written (new paid-for insurance):!
Value, estimated total. _ ~ _ mil. $
Ordinary
do
Group and mass-marketed ordinary
do
Industrial.
_
_
do
i 142, 124
82 479
1
415
335
270
810
8,120
6 151
1 420
549
8 494
6 564
1 392
538
11 352
7 980
2 750
622
10 173
7 308
2 291
574
9 938
7 431
1 878
629
9 945
7 468
1 908
569
9,200
6 633
2 041
526
9 589
7 118
l'910
561
9 558
6 885
2 117
556
9,714
7 246
1 878
590
9,898
7 501
1 835
562
14,434
8,050
5,850
534
15, 176
11,357
2 436
1 383
15 946
11, 947
2 644
1 356
1 264
964
190
UO
1,226
921
208
97
1 380
1 058
221
101
1 265
957
206
102
1 321
999
218
105
1 304
995
213
96
1 300
981
217
102
1 339
'997
238
103
1 261
954
210
96
1 339
1 013
220
106
1,292
971
221
99
1,657
1,138
280
239
Gold and silver:
Gold:
Monetary stock, U.S. (end of period).. .mil. S.- 13, 733
Net release from earmark §
do
— 198
Exports
...thous. $ 1,285,097
Imports
do
101 669
13, 159
—50
457, 333
42 004
13, 732
37
10 877
3 037
13, 730
—31
0
2 159
13, 634
20
67, 775
10 766
13,632 13,532 13, 433
26
57
20
133 101, 401 101 534
1 931 1 781
2 463
13, 332
—61
34 334
2 426
13, 259 13, 258
162
50
5 800 101 436
2 770
2 432
13, 257
28
33, 943
2 265
13, 159
—36
42
7, 922
13, 159
-34
58
2,054
Premiums collected:!
Total life insurance premiums
Ordinary.
- _ - _ _ _
Group and wholesale
Industrial
do
_do
do
do
52 349
7,296
120
86
27
6
MONETARY STATISTICS
Production, world total
South Africa
Canada
United States
Silver:
Exports
Imports
Price at New York
_
Production:
Canadat
Mexico _ _ _ _ _ _ _ _
United States
13, 157
— 15
mil. $
do
do
do
21, 430. 0
1 069 4
125 6
58 6
1 080 8
91 °
9 8
87 8
9.6
90 5
10 1
90 8
10 1
91 9
10 2
89 3
9 2
89 4
91
90 1
8 9
91 7
8 9
89 7
91
90.8
8.7
87.7
__thous. $
do
dol. per fine oz
54, 061
64 769
1.293
114, 325
78 761
1.293
4,616
6 475
1 293
8,875
6,546
1.293
7,929
6 452
1.293
7,358
7 277
1.293
15, 527
6,080
1.293
18, 022
6 629
1 293
6,638
7 055
1 293
14, 273
7 983
1 293
16, 596
6 387
1 293
2,471
6,214
1.293
7,105
5,878
1.293
4,915
5,785
1.293
1.293
thous. fine oz
d o
__do
31 917
40 333
44 423
2 273
3 580
3,496
2 424
4,027
3,026
2 960
3,736
4,149
2 583
3,723
3,555
2,792
2,961
3,793
2 694
4,272
5,611
2 928
2,746
1,912
2 652
3 864
4 226
2 771
2 660
3,019
4 273
3,049
3,444
41 5
41 5
42 1
42 6
42 7
42 9
42 8
43 1
44.2
44.7
43.4
168.8
37.3
131.5
3 154. 1
6.3
167 9
37.8
130 1
155.8
82
166 9
37 9
129. 1
157.0
5 2
169.4
37.9
131.5
156.9
4 4
170.1
38.1
132.1
156.6
4.8
171.0
38.5
132.5
155.6
3.7
175.2
39.1
136.2
156.3
3.5
' 174. 6
'38.4
*• 136. 2
171.1
37.4
133 7
153 7
169 6
37 7
131 9
155 3
169 6
37 8
131 8
156 6
170.5
37.9
132 6
157 1
169.6
38.0
131.7
156.8
169.2
38.0
131.2
156.8
170.3
38.3
132. 1
158. 0
52
107
38
50
33
52
106
39
51
34
54 0
111 9
39 0
51 5
33 9
54
111
39
52
34
54.0
111.2
39.6
52.2
34.3
54.6
111.3
39.6
52.5
33.9
56 9
121.8
40.0
53.2
34 2
57.2
124.7
39.4
50.9
34.8
Currency in circulation (end of period)
bil $
Money supply and related data (avg. of daily fig.) :t
Unadjusted for seas, variation:
Total money supply
bil. $
Currency outside banks _
do
Demand deposits
do
Time deposits adjustedl
do
U.S. Government demand deposits
do
Adjusted for seas, variation:
Total money supply
Currency outside banks..
Demand deposits
Time deposits adjusted^
42 l
44 7
41 1
41 3
162.6
35.3
127.3
137.6
6.3
169.7
37.5
132.2
3 153. 7
5.0
173 0
36.5
136.5
147.3
38
167.8
36.4
131.4
148. 7
5 2
167.8
36.6
131.3
150.2
4.6
171.6
36.8
134.8
152.2
31
166.9
37.0
129.9
153.9
7 2
168
36
131
147
0
6
4
8
168 2
36.8
131 4
148 5
169.3
36.9
132 3
149 5
170
37
133
151
9
2
7
4
170
37
132
153
2
3
9
0
50
104
37
47
32
7
1
1
4
9
50
105
36
47
32
51 3
106 0
37.6
48. 5
32 9
52 7
111 8
37 6
47 9
33 9
52
109
37
49
32
6
5
8
7
8
do
do
do
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted: f
Total (233 SM S A's) 9 ratio of debits to deposits
New York SMS A
do
Total 232 SMSA's (except N.Y.)
do
6 other leading SMS A'SO* _
do
226 other SMSA's
do
6
2
8
5
5
3
2
3
3
4
1
9
9
1
3
0
2
4
4
1
3
r
r
r 160. 0
4.2
' 169. 6
38.5
r 131.
1
»• 160. 5
13, 107
170.1
38.3
131.7
163.3
5.1
170.5
38.7
131.7
163.2
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes, all industries
mil. $
Food and kindred products
do
Textile mill products
do
Lumber and wood products (except furniture)
mil. $
Paper and allied products
do
Chemicals and allied products
do
Petroleum refining
. _.
do
Stone, clay, and glass products
do
Primary nonferrous metal
_
do
Primary iron and steel
do
Fabricated metal products (except ordnance,
machinery, and transport, equip.)
mil. $
Machinery (except electrical)
do
Elec. machinery , equip. , and supplies
do
Transportation equipment (except motor
vehicles, etc.)
mil $
Motor vehicles and equipment
do
All other manufacturing industries
do
Dividends paid (cash) , all industries
do
Electric utilities, profits after taxes (Federal Reserve)
_
mil $
Transportation and communications (see pp. S-23
and S-24).
27, 521
1,896
694
7,229
469
162
8,375
4
525
194
7,400
580
180
338
* 753
3, 188
4,442
761
970
1 401
68
213
847
1 207
115
294
324
124
241
948
1 228
260
351
440
99
217
856
1 247
251
303
353
1 151
2 4^9
1,926
313
680
546
383
858
615
381
772
601
721
3 496
* 3, 285
186
973
833
239
948
1, 021
199
262
1,097
11,979
3,040
3,188
2,985
9 568
758
632
702
4
SECURITIES ISSUED
Securities and Exchange Commission:
45,015
3,008
Estimated gross proceeds, total
mil. $
3,021
4,250
40 108
By type of security:
2,878
Bonds and notes total
do
42 501
3 833
2 834
37 836
1,143
Corporate.. _
do
15,561
l'l52
2,065
13 720
55
Common stock
do
1 939
396
68
1 547
75
Preferred stock
do
21
574
119
725
r
2
Revised.
1 Includes $27.8 bil. coverage on U.S. Armed Forces.
Estimated; excludes
3
U.S.S.R., other Eastern European countries, China Mainland, and North Korea.
Beginning June 1966, data exclude balances accumulated for payment of personal loans
(amounting to $1,140 million for week ending June 15).
* Beginning with the period
noted, data reflect reclassification of companies between industries and are not strictly
comparable with those for earlier periods.
{Revisions for 1964-Apr. 1965 for insurance written, for Jan.-Aug. 1964 and Jan.-July 1965
3,668
3,182
5,072
3,407
3, 676
3, 249
2, 518
6,686
3,277
5,094
3 457
1,372
182
28
3 114
l!o37
56
13
4 261
1,616
737
74
3 t;)97
975
40
70
3 539
1,575
70
67
3 183
1,333
61
6
9 381
755
106
31
6 574
1,004
61
50
3 151
1 535
106
20
5 014
1,608
36
45
for premiums collected, and for 1964 for silver production (Canada), will be shown later; those
for money supply and related data for 1959-July 1965 appear in the Sept. 1966 issue of Federal
Reserve Bulletin. §Or increase in earmarked gold (—).
IJTime deposits at all commercial banks other than those due to domestic commercial banks and the U.S. Govt.
tRevised series.
9 Total SMSA's include some cities and counties not designated as
SMSA's.
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland,
and Los Angeles-Long Beach.
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1966
Jan.
Annual
March 1967
Feb.
Mar.
Apr.
May
June
1967
July
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
15 992
5 417
342
2 936
284
947
4,276
18 074
7,070
375
3 665
339
2,003
1,941
1 339
370
21
399
46
142
153
1,273
541
34
249
42
163
116
2 482
1,001
28
344
40
304
296
1,582
703
15
371
35
77
122
1,106
392
50
277
47
44
157
2,427
1,168
53
330
16
279
283
1,085
404
43
288
21
52
166
1,712
540
28
318
27
321
114
1,400
650
55
82
29
200
309
892
385
6
258
12
98
73
1,115
233
25
335
10
170
108
1 661
682
17
414
15
154
42
1 688
694
27
229
51
284
236
- - - do_.
..do
do
24 116
9,348
11. 148
26,941
8,231
11,089
1,682
475
1,176
1,735
345
845
1,768
457
848
2,086
426
1,181
2,076
412
877
2,645
397
1,118
2,322
411
678
1,964
387
764
1,849
402
992
1,626
408
736
5,570
3,738
950
1,616
373
923
3 406
494
1,450
do._
15, 801
17,841
1,325
1,259
2,452
1,559
1,095
2,391
1,071
1,688
1,384
876
1,098
1,643
1,672
do
do__
do
do
do
13,063
7,712
5,352
996
1 741
15,806
12, 430
3,376
241
1,795
1,214
959
255
22
88
1,068
817
251
22
169
2,039
1,482
557
7
407
1,399
1,137
262
7
154
1,000
746
254
38
58
2,245
1,786
459
27
119
932
667
265
32
106
1,617
1,353
264
18
53
1,114
887
227
2
268
783
630
153
46
46
1,033
839
194
12
52
1,363
1,128
235
8
273
1 557
1,146
411
6
110
11 084
6,537
11, 089
6,524
1,176
355
845
382
848
608
1,181
1,061
877
865
1,118
384
678
174
764
620
992
362
736
266
950
989
923
458
• 1, 450
454
1 127
747
J
609
5, 387
1, 637
3, 708
581
5 576
1,730
3,669
575
5,777
1,765
3,586
645
5,671
1,822
3,603
604
5,862
1,744
3,858
625
5,797
1,839
3,741
601
5,798
1,658
3,809
622
5,700
1, 595
3,786
658
5,645
1,595
3,785
636
5,400
1,528
3,537
661
5,216
1, 520
3,349
607
5,275
1,532
3,262
609
5,387
1,637
3,708
93.9
110.6
86.1
102.6
90.5
106.9
89.5
105.2
87.9
103.9
87.6
105.9
87.6
104.5
87.0
103.2
86.0
100.9
84.1
97.7
82.6
98.6
83.4
100.5
83.5
101.0
83.0
102.4
85.9
106.0
86.4
106.3
83.76
78.63
81. 15
79.32
78.92
79.75
79.56
78. 93
77.62
77.02
77.15
78.07
77.68
78.73
81.54
80.73
3 794 22 4,261.88
3 288. 68 3,741.23
359 80
287. 99
383.38
296.12
485. 14
373. 14
423.27
334. 44
394. 28
344. 51
312.44
258.46
254. 63
222. 05
306. 60
291. 76
322. 01
315. 08
341. 50
348. 44
312. 46
313. 01
366. 38
356. 22
446. 77
417. 53
3 643 11 4, 101. 62
3 150. 16 3, 590. 38
348 47
278. 54
371. 60
285. 18
466. 96
358. 35
402 67
318. 91
380. 69
333. 50
301. 98
248. 57
247. 12
215. 03
295. 65
279. 97
312. 43
304. 96
332. 34
338. 21
293. 69
293. 70
348. 01
335. 45
428.29
400.29
New York Stock Exchange, exclusive of some
stopped sales, face value, total _ _ mil. $_ 2. 975. 21 3, 092. 79
252.64
250. 95
331.66
253. 71
285. 53
208. 88
169. 94
273,90
232. 94
286. 55
260. 68
285. 40
328. 21
258. 78
Noncorporate, total 9
U S. Government
State and municipal
_
_
New corporate security issues:
Estimated net proceeds, total
Proposed uses of proceeds:
New money, total
Plant and equipment
Working capital
_
Retirement of securities. . _
Other purposes
State and municipal issues (Bond Buyer):
Long-term
Short-term
do
do. _
SECURITY MARKETS
Brokers' Balances
(N.Y.S.E. Members Carrying Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
Customers' free credit balances (net)
Money borrowed
mil. $
do
do
do
1
1
1
1
534
5 543
1 666
3, 706
1
1
1
Bonds
Prices:
Standard & Poor's Corporation:
Industrial, utility, and railroad (AAA issues):
Composite cf
dol. per $100 bond..
Domestic municipal (15 bonds)
do
U S Treasury bonds, taxable^
do
Sales:
Total, excl. U.S. Government bonds (SEC):
All registered exchanges:
Market value
mil. $
Face value
do
New York Stock Exchange:
Market value
do
Face value
do
Yields:
Domestic corporate (Moody's)
By rating:
Aaa
.
.
Aa
A
Baa
.
By group:
Industrials
Public utilities
Railroads
Domestic municipal:
Bond Buyer (20 bonds)
Standard & Poor's Corp. (15 bonds)
percent..
4.64
5.34
4.89
4.94
5.10
5.16
5.18
5.28
5.36
5.50
5.71
5.67
5.65
5.69
5.50
5.35
..do
do. _.
do
do
4.49
4.57
4.63
4.87
5.13
5.23
5.35
5.67
4.74
4.83
4.91
5.%
4.78
4.90
4.96
5.12
4.92
5.05
5.12
5.32
4.96
5.10
5.18
5.41
4.98
5.10
5.17
5.48
5.07
5.16
5.29
5.58
5.16
5.25
5.36
5.68
5.31
5.38
5.48
5.83
5.49
5.58
5.69
6.09
5.41
5.50
5.67
6.10
5.35
5.46
5.65
6.13
5.39
5.48
5.69
6.18
5.20
5.30
5.53
5.97
5.03
5.18
5.38
5.82
do
.do. _
do
4.61
4.60
4.72
5.30
5.36
5.37
4.84
4.85
4.97
4.91
4.90
5.02
5.06
5.08
5.18
5.09
5.21
5.19
5.12
5.23
5.20
5.25
5.32
5.26
5.33
5.39
5.37
5.49
5.54
5.48
5.71
5.78
5.65
5.63
5.72
5.67
5.59
5.64
5.72
5.63
5.65
5.78
5.45
5.42
5.63
5.33
5.25
5.48
do _
.do
3.28
3.27
3.83
3.82
3.54
3.52
3.83
3.63
3.59
3.72
3.62
3.59
3.78
3.68
3.83
3.77
3.96
3.94
4.24
4.17
4.03
4.11
3.74
3.97
4.02
3.93
3.77
3.83
3.40
3.58
3.60
3.56
4.21
4.66
4.43
4.61
4.63
4.55
4.57
4.63
4.74
4.80
4.79
4.70
4.74
4.65
4.40
4.47
Dividend rates, prices, and yields, common stocks
(Moody's):
Dividends per share, annual rate, composite
dollars _ _
Industrials
_-do. _
Public utilities
do
Railroads
do
N.Y. banks
_. -do
Fire insurance companies
do
7.65
8.48
3.86
4.09
4.90
6.33
8.25
9.17
4.11
4.45
5.06
6.85
8. 18
9.10
4.03
4.35
4.94
6.59
8.22
9.16
4.03
4.35
4.94
6.59
8.23
9.17
4.08
4.35
4.94
6.65
8.23
9.18
4.08
4.35
4.94
6.65
8.24
9.18
4.09
4.35
4.94
6.65
8.26
9.18
4.10
4.39
5.14
6.65
8.28
9.19
4.12
4.44
5.14
6.65
8.30
9.22
4.14
4.53
5.14
6.90
8.30
9.22
4.14
4.53
5.14
6.97
8.33
9.25
4.14
4.55
5.14
6.97
8.22
9.07
4.15
4.61
5.14
7.42
8.23
9.08
4.18
4.61
5.14
7.53
8.29
9.15
4.18
4.63
5.22
7.53
8.30
9.16
4.20
4.63
5.28
7.81
Price per share, end of mo., composite .
do. _.
Industrials..
_ _.
... ..do.. .
Public utilities
do
Railroads
__do
250.31
284. 32
117.08
95.06
230. 88
266. 77
102.90
92.65
257. 90
300.28
111.34
109. 88
252. 36
293. 20
106. 81
110. 59
244. 95
286. 15
105. 41
102. 01
246. 67
288. 13
106. 33
102.66
236. 01
274. 18
102. 45
93.56
230. 25
267.22
99.95
92.58
227.17
262. 90
101. 03
89.63
211. 05
244. 39
92.51
81.22
207. 74
239. 01
94.57
80.17
220. 60
250. 49
104. 92
83.37
218. 34
248. 93
103. 47
83. 25
217. 56
246. 38
105. 99
82.91
233. 54
266. 77
108. 12
93.13
233. 23
267. 35
105.18
92. 56
U S Treasury bonds, taxable©
do
Stocks
3.17
3.26
3.06
3.57
Yields, composite
percent. .
3.12
3.44
3.03
2.98
Industrials
do _
3.77
3.62
3.99
3.30
Public utilities
__ . __do _.3.96
3 93
4.80
4.30
Railroads
do
3.55
4.04
3.78
3.33
N Y banks
do
2.70
2.92
2.79
2.74
Fire insurance companies
do
r
l
Revised.
End of year.
9 Includes data not shown separately,
d*Number of bonds represented fluctuates; the change in the number does not affect the
continuity of the series.
3.36
3.20
3.87
4.26
3.81
2.95
3.56
3.64
3.78
3.76
3.49
3.59
3.93
4.00
3.78
3.55
3.34
3.43
3.35
3.44
3.86
3.64
3.77
3.69
3.50
3.69
3.43
3.19
3.99
3.95
3.94
4.10
4.01
3.99
4.08
4.48
4.38
3.87
3.84
5.00
4.65
4.74
5.46
5.54
5.65
4.24
4.95
5.58
5.56
4.97
3.94
3.95
4.67
3.96
3.90
4.30
4.85
3.80
3.79
4.18
4.03
3.17
3.05
2.92
2.97
3.22
3.15
2.92
2.82
2.98
2.70
2.93
^Prices are derived from average yields on basis of an assumed 3 percent 20-year bond.
OFor bonds due or callable in 10 years or more.
SUKVEY OF CURRENT BUSINESS
March 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
Annual
S-21
1966
Jan.
Feb.
Mar.
Apr.
May
June
1967
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FINANCE—Continued
SECURITY MARKETS-Continued
Stocks— Continued
Earnings, common stocks (Moody's):
Earnings per share (indust., qtrly. at ann. rate;
pub. utiL and RR. , for 12 mo. ending each qtr.) :
Industrials J _ _ _ _ _
_ dollars
Public utilities
do
Railroads
do
16.42
5 92
8 16
16.70
6 30
9.00
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)
percent, _
4.33
4.97
4.51
318. 50
910. 88
157. 88
216. 41
308. 70
873 60
136. 56
227. 35
346. 95
985 93
151.26
255. 52
Prices:
Dow-Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
__
Railroad ( 2 0 stocks)
_ _ _ _ _ _ _ _ _
Standard & Poor's Corporation:^
Industrial, public utility , and railroad:
Combined index (500 stocks)
1941-43=10__
Industrial, total (425 stocks) 9
do
Capital goods (122 stocks)
do
Consumers' goods (181 stocks) _ _ ..do Public utility (55 stocks)
do
Railroad (20 stocks)
do
Banks:
New York City (10 stocks)
do__
Outside New York City (16 stocks)
do
Fire and casualty insurance (20 stocks). _ _ do
New York Stock Exchange common stocks index:*
Composite
12/31/65=50
Industrial
do
Transportation
.
do
Utility
. do
Finance
do
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
Market value
mil $
Shares sold
millions
On New York Stock Exchange:
Market value
mil. $
Shares sold (cleared or settled)
millions
Exclusive of odd-lot and stopped stock sales
(N.Y.S.E ; sales effected)
millions
Shares listed, N.Y. Stock Exch., end of period:
Market value, all listed shares
bil $
Number of shares listed
millions
17.09
6 03
8 60
4.63
347
977
145
264
42
15
87
99
17.76
6.30
9.00
14.12
6. 19
9.27
17.83
6 08
9 08
4.83
4.78
4.83
4.93
5.00
5.18
5,23
5.28
5.21
5.24
5.07
4.98
331. 16
926 43
141.49
252. 80
337. 27
943 70
140. 26
260. 64
314. 62
890. 70
137. 32
233. 07
311. 51
888.73
134. 07
229. 24
308. 07
875 87
133. 72
227. 18
286. 45
817. 55
126. 68
207. 91
276. 79
791.65
126. 20
197. 05
273. 35
778. 10
129. 70
192. 07
285.23
806.55
136. 43
201. 94
285. 52
800. 86
135. 68
205. 78
298. 28
830 56
138. 64
220. 11
305. 65
851. 12
138. 03
228. 69
88.17
85.26
93.32
92.69
88.88
91.60
86.78
86.06
85.84
80. 65
77.81
77.13
80.99
81.33
84.45
87.36
93.48
85.26
81.94
76.08
46. 78
91.08
84.86
74.10
68.21
46.34
99.56
93.35
84.28
74.50
53.68
99 11
93.69
83 48
71.87
54.78
95.04
90.28
78.96
69.21
51.52
98.17
93.54
79.28
70.06
52. 33
92.85
88.78
75.12
68.49
47.00
92.14
87.34
73.75
67.51
46.35
91. 95
86.38
73.87
67.30
45.50
86.40
79.81
69,91
63.41
42. 12
83. 11
74.74
67.89
63. 11
40.31
82.01
72.67
66.67
65.41
39.44
86.10
77.89
68.25
68.82
41.57
86.50
79.83
67.76
68.86
41.44
89.88
82.70
69.97
70.63
44.48
93.35
86.72
73.78
70. 45
46. 13
38.92
71.35
64.17
33.32
63.80
64.55
37.24
70.93
67.86
36.10
70.51
66.98
34.11
65.19
63.28
33.67
64.17
65. 27
32.32
61.22
63. 33
32.39
61.32
61.64
32.50
62.38
62.63
30.09
59.33
61.28
28.87
57.44
59.52
32.30
61.04
63.68
34.34
65.05
68.62
35.93
67.03
70.50
37.08
69. 90
70.03
35. 62
67. Of
68. 99
47.39
46.15
46.18
50.26
45.41
44.45
50.56
50.62
51.75
50.13
50.25
50.36
50. 58
53.69
48.92
49.13
48.28
48.47
52.59
46.95
45. 99
49.60
50.01
57.08
46.78
46.70
46.87
47.03
51.98
45.45
44.68
46.61
46 85
53.55
44.54
44 31
46.47
46.66
53.04
44.79
43.53
43.72
43.89
48.66
42.33
41.46
41.99
41.99
44.51
41.74
39.50
41.50
41.03
42.24
43.33
40. 23
43.73
43.28
45.82
45.16
43.16
44.16
43.79
48.23
44.77
44.43
46.02
45.61
51.38
46.43
47.53
47.80
47. 72
52. 56
47.03
48.71
89 225
2,587
122 973
3 189
11 022
304
11 169
302
12 959
337
12 895
356
12 257
302
9 661
228
8 301
200
9 663
236
8, 750
215
8,658
223
8,102
219
9,538
266
11, 653
340
73, 200
1 809
98,504
2 206
8,651
°06
8,789
198
10, 359
224
9,893
221
9,800
209
7,772
16°
6,655
141
7,805
168
7,272
161
7,209
166
6, 638
162
7,662
189
9,320
224
1,556
1,899
183
166
192
186
171
141
120
162
120
146
146
166
208
183
537. 48
10, 058
482. 54
10, 939
542. 75
10,136
535. 38
10, 180
523. 93
10, 245
536. 36
10, 276
507.77
10, 507
502. 41
10, 612
497. 11
10, 733
458.66
10, 787
454. 89
10, 818
475. 25
10, 842
480. 88
10,886
482. 54
10, 939
522. 75
10, 989
527.04
11,046
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: A
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. $.. 27,478.2 30, 336. 0 12,132.0 2,297.2 2,811.6 2,599.0 2,615.6 2,568.7
do
26,699.5 29, 395. 5 12,132.0 2,210.0 2,740.7 2,463.2 2,504.6 2,467.0
'2,274.2 '2,373.7 '2,568.6 '2,358.9 '2,410.8 '2,489.5 '2,456.0 '2,455.0 '2,541.6 '2,582.7 '2,486.2 '2,414.7 2, 620. 2
_do
do
do
do
do
1,228.9 1,348.6
6, 012. 1 6, 727. 4
814.1
956.2
9, 363. 9 10,011.4
85.9
405.9
57.9
788.3
86.3
499.3
61.1
849.1
132.8
590.2
70.8
1,023.0
114. 5
618.7
61.8
864.6
115.4
543. 7
62.7
865.8
121.1
578.8
65.4
813.2
106.7
577.3
74.1
746.9
109.1
550.4
73.8
727.8
109.1
541.3
65.8
808.4
126. 1
614.9
72.7
826. 2
119.6
570.8
72.6
863.6
122. 2
637.8
75.8
842.4
do
do
do
5 643 2
2, 099. 1
2,174.9
6, 644. 8
2, 268. 1
2, 504. 3
440.8
170.4
183.3
460.2
161.6
179.9
567.6
212. 1
221. 2
566.1
177.0
197.8
625.4
186.6
217.1
607. 2
187.8
196.4
507.7
188.7
227.2
502.7
174.5
210.3
581.6
193.6
199. 3
621.3
213.9
220. 2
597. 6
198.6
204.1
583. 7
205. 8
247.7
do
do
157.7
438. 1
189.1
401.0
5.8
30.6
12.0
23.2
22 8
4L4
18.6
33.3
22.6
30.8
24.3
31.4
13.2
37.2
16.5
31.1
12.7
32.5
15.3
41.2
13.0
33.4
12.3
34.9
do
do
do
do
' 799. 4
928.0
335.9
91.1
662.9
929.3
238.7
45.7
47.3
62.3
17.3
23.0
50.7
88.4
15.8
3.7
59.3
116.9
13.2
4.2
52.8
97.9
11.7
4.1
48.5
63.0
16.8
3.8
54.7
71.5
17.4
4.0
60.8
68.3
31.8
3.7
63.3
83.4
14.9
3.8
54.7
74.3
20.4
3.9
57. 2
71.9
27.1
4.1
63.7
53.0
25. 3
3.4
50.3
78.3
27.1
3.9
do
do
do
41.6
59.9
348.0
348.5
2, 080. 2 2, 365. 1
2.3
24.1
158. 2
2.9
24.5
176.2
2.5
28.1
196.3
3.1
30.0
197.2
2.4
26.9
176.3
3.0
30.5
190.7
8.7
27.6
175. 9
4.1
29. 1
204.7
6.6
27.8
205.1
5.5
32.8
218.2
7.9
28. 1
231. 5
10.8
38.7
235.4
do
do
do
' 970. 7 1, 007. 1
12.4
24.9
1,649.6 1, 674. 0
84.8
3.7
140.9
84.7
1.6
128.5
99.6
1.4
173.0
83.7
4.2
151. 8
86.6
3.4
147.8
80.7
.6
134.2
79.7
.6
124. 6
67.8
1.8
131.6
87.1
3.3
138.9
84.3
1.5
138. 2
80.9
1. 1
141.8
87.3
1.6
124.2
69.2
89.2
Italy
do
72.3
891.1
913.7
4.2
2.9
45.2
41.7
2.6
Union of Soviet Socialist Republics
do
141.3
'1.615.1 1, 736. 7
140.8
181.5
United Kingdom.. . _ _ .
do
2
' Revised.
^Preliminary.
' See note 2 for p. S-22.
Beginning Jan. 1966, excludes
data for Singapore; such shipments amounted to $3.6 mil. in Jan. 1966.
^Revisions prior to Sept. 1965 will be shown later.
cfNumber of stocks represents
number currently used; the change in number does not affect continuity of the series.
9 Includes data not shown separately.
*New series; index is based on the closing prices
of the more than 1,250 common stocks listed on the Exchange.
OBeginning Jan. 1965, data
2,426.7 2,348.4 2,499.0 2, 695. 3 2, 627. 1 2,715.3 2, 549. 6
2,326.8 2,277.7 2,431.0 2, 626. 1 2, 572. 0 2, 644. 4 2, 471. 3
76.6
77.9
74.0
67.1
70.6
79.1
76.2
79.1
82.5
2.2
6.6
6.2
.5
1.3
5.2
2.8
1.0
4.8
143. 1 165.2
141.1
119.0
156.5
139.3
131.2
132. 2
145. 2
reflect adoption of revised export schedule; in some instances, because of regrouping of commodities and release of some "special category" items from the restricted list, data for commodities and countries are not comparable with those for earlier periods.
ABegmnmg
with the Jan. 1967 SURVEY, data for regions and countries (except India and Pakistan) are
restated to include "special category" shipments, formerly excluded. Annual data for 1965
reflect revisions not available by months.
SURVEY OF CURRENT BUSINESS
S-22
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1
1966
1966
Jan.
Annual
March 1967
Mar.
Feb.
Apr.
May
June
1967
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FOREIGN TRADE OF THE UNITED STATES—Continued
"FOREIGN TRADE — Continued
Value— Continued
Exports (mdse.)f incl. reexports— Continued
By leading countries— Continued
North and South America:
Argentina
Brapil
Chile
6, 661. 0
440.8
460. 2
567.5
566.0
625.4
607.2
507.7
502.7
579.9
621.2
597.6
583.7
3, 871 7 4, 234. 9
315.7
306.2
383.3
333.0
361.4
341.7
372. 5
342.8
346.0
383.3
350.0
400.0
267.5
347.9
237.4
244.3
579.4
255. 2
16.9
44.1
20.9
16.7
33.9
22.3
19.0
54.1
22.3
15.9
46.1
19.6
18.9
51.6
24.7
16.2
34.9
23.4
19.4
54.0
21.8
19.3
55.8
22.5
16.5
47.4
15.7
21.7
51.9
17.8
26.7
42.1
19.2
37.6
63.6
24.8
198 5
(i)
1,105.9
625. 6
287.0
0
1, 180. 2
598. 0
18.0
0
93.5
45. 1
21.9
0
86.9
44.7
25.3
0
108.5
51.8
23.3
0
88.3
49.6
28.1
0
98.3
49.8
25.6
0
96.8
52.1
28.5
0
101.6
56.5
24.6
0
89.4
46.1
22.5
0
101.5
53.5
23.6
0
113.6
52.4
22.2
0
98.4
46.6
23.3
0
103.4
49.9
2,772.2 2,556.5
2,701.3 2,420.7
2,566.7
2,455.7
2,530.0
2,428.3
2,395.6
2,295.7
2,314.7
2,244.0
2,456.8 2, 655. 6 , 593. 5
2,388.8 2, 586. 4 , 538. 4
689.0
618.1
624.8
552.3
549.6
551.1
491.0
571.0
697.7
632.0
1 ,745.0 2,147.4
2,004.2
2,017.1
1,978.9
1,904.6
1,743.7
5,642.8
I 'itin American Republics total 9
do
r
do
do. _ _
do
-
Colombia
Cuba
IVJexico
do
do
do
Exports of U.S. merchandise, total Ot
Excl. military grant-aid!
By economic classes:
do
do
Crude foodstuffs
Manufactured foodstuffs and beverages
do
do
F° ' 1 d
' n farfnrp"
S I
....
"
/ ~r]~
do
do
By principal commodities:
Agricultural products total
do
27,135.3 9, 899. 1
26, 356. 5 8, 958. 6
6 228 6
6, 884. 5
22,104.8 2,263.6
22,104.8 2,176.4
505.7
518.6
569.0
621.7
516.7
438.4
Anunai a a \eg i D e o
Fruits vegetables and preparations
Grains and preparations
Meat and meat preparations
Tobacco and manufactures
do
do
do
do
\onagricultural products total
do
Chemicals and related products
T
d
t
1
d
1
d
T
do
do
'
""
"
do
Metalworking
do
Petroleum and products
do
General imports, totalt
Seasonally adjusted J
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
Southern North America
South America
By leading countries:
Africa:
hi'
1?
f ^
>--
th A f
do
do
21,365.6 25, 550. 3 1,828.7 1, 822. 5 2,242.4 2,071.2 2,074.4 2,188.6 2, 072. 0 2, 180. 2 2.294 2 2, 278. 4 2, 257. 7 2. 240. 1 2,261.8
'-2,947.6 '2,005.1 '2,067.7 '2,108.9 '2,062.6 '2,135.0 -2,204.6 '2,112.6 '2,301.2 '2,262.4 '2,191.5 '2,231.2 2, 295. 6
do
do
do
do
r
877. 6
'4 r528. 1
453. 1
'6 292.2
978. 0
5, 278. 7
593. 5
7, 863. 9
70 9
373.8
37 8
556. 5
72.2
375.6
43.3
534.1
119.0
438.0
41.7
689.8
88.5
434. 6
48.6
637.7
102.5
416.2
41.4
644.4
75.7
449.8
69.0
656.8
79.4
448.8
50.8
629.3
75.0
518.7
57.1
644.8
90.0
507.7
64.3
684.7
72.9
438.9
54.0
728.7
69.8
471.9
43.2
757.7
79.8
405.2
42.1
702.1
4 837 i
r
l, 741. 7
'2, 623. 8
6 131 °
do _
do
1,912.2
2, 785. 2
403 1
161.3
225. 2
417 0
153.9
225.4
520. 7
182.8
252. 7
472.8
170.0
218, 8
511.4
156.1
219. 6
554.6
155.5
230.7
477.1
149. 6
236. 1
516. 2
156.0
212.4
538.4
135.9
271.2
560.9
167.3
254.9
= 536.4
154.4
224.1
627.6
168.8
214. <
17 6
50 '>
2 8
16 5
1 0
14 1
19
31.3
3.6
17.4
.8
37.2
2.0
21.9
1.4
23.1
.6
15.5
1.1
34.4
15.0
1.2
19.4
g
22.9
398 7
237 0
67.8
176. 7
17q ()
397.6
9 964 5
26 2
28 9
6 3
3
83
12 5
29.2
200 8
31 6
25.4
5.5
18.7
12 6
32.5
190 0
24 3
26.0
6.5
10.4
16.3
40.6
250 1
27 3
29.0
5.7
17.1
18.8
34.6
245.4
27 0
27.6
5.9
15.4
16.0
21.8
234. 8
50.2
26.9
5.1
13.0
18.2
35.2
245.9
30.3
23.0
6.0
12.9
11.7
40.6
256. 5
35 4
27.3
4.5
18.2
16.1
39.2
303.9
44.4
30.5
6.1
16.4
15.1
45.2
281.5
43.0
29.6
6.3
13.4
13.6
22.2
255. £
28.9
25.5
5.4
19.1
13.1
33.3
272.9
29 9
27.4
4.7
13.8
14.9
23.3
227 6
IHfi fl
63.8
8
156 8
58.5
34
1 51 7
53.3
5
131.8
56.1
37
138 0
61.3
8
141.7
58.4
4 5
149 7
58.5
g
151.3
64.9
4 5
144 1
58.4
7
149.4
61.2
5 0
138 6
60.0
4
144.0
71.8
6 1
148 4
56.69
1
169.4
60.4
31
166 0
65.0
l.C
163.3
71.1
4. '
174 6
66.6
.8
175.9
73.6
4. (
178 7
163.5
66.2
4.
165 5
416.9
519.9
472.8
510.8
554.3
476.4
515.0
537.4
560.1
536.3
627. 4
318.3
326.1
327.9
301.0
351.3
354.8
324.9
317.8
13.7
43.1
18.0
14.5
48.1
17.9
11.3
42.3
20.0
12.4
25.5
17.4
12.0
87.8
24.9
11.5
79.3
19.6
13.1
46.7
21. 3
12.3
42.4
14.8
16 1
'225 9
-
Asia; Australia and Oceania:
India
Pakistan
Malaysia
Indonesia
Philippines
do
do
do
do
do
'31
37
r
348 1
44.8
211 9
r
!65 2
369.
1
r
rO 41 -{ 9
Europe:
i rdnutJ, _ . . . _ _ .
-
_
_
~ j
r\
Italy
do
North and South America:
Canada
Latin American Republics, total 9
Argentina
Brazil
_
Chile
, 895. 8 , 057. 0
do
Agricultural
1
1,887.8 2, 033. 9
do
~m f «? ")
Machinery total
Fl' t '
20,906 7 23, 014. 6 1,599.2
.
_
. _
_
do
do
do._
_ do.
do
9
615 3
698 0
47 6
50 4
341 4
619.7
1 796 8
743. 0
130 1
49.3
119 7
51.6
4, 831. 9
A
6, 124. 7
402.5
4
0
'3, 674. 8
3, 969. 9
323.8
328.7
369.1
326.3
122.1
'512. 4
209. 4
148.8
599. 7
229.1
11.3
48.5
19.4
9.3
48.1
17.2
12.9
42.9
22.2
14.4
44.9
16.2
944 g
976 7
20.9
22 6
27 8
Colombia
do
0
0
0
Cuba
do, ._
0
0)
73.1
65.2
750 9
Mexico
do
62 9
'638 4
81.7 | 111.6
84.6
Venezuela... .. _ _ _ _ _ _ _ _ _
_do _ _ '1,018.0 1, 002. 4
' Revised.
» Preliminary.
i Less than $50,000.
2 Military grant-aid shipments for
Dec. 1965 (ordinarily included with Jan. 1966 data) are included in Feb. 1966 data; subsequent
months will include these shipments on a 2-months delayed basis. 3 Beginning Jan. 1966,
56.5
t
19.0
15.6
13.4
20.6
15.0
22.8
20.7
26.8
20.1
0
0
0
0
0
0
0
0
0
69.
66.8
59.4
56.5
48.9
54.6
64.8
58.7
70.1
80.
81.2
78.4
90.9
87.1
82.2
70.8
69.0
84.6
excludes data for Singapore; such shipments amounted to $1.0 mil. in that month.
t Revisions for Jan. 1964-Nov. 1965 will be shown later. 9 Includes data not shown separately.
c
O ?ee similar note on p. S-21.
Corrected.
SURVEY OF CURRENT BUSINESS
March 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1966
Annual
S-23
Jan.
Feb.
Mar.
Apr.
May
June
1967
Aug.
July
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value — Continued
Imports for consumption total
By economic classes:
Crude materials
Crude foodstuffs
Manufactured foodstuffs and beverages
Semimanufactures
Finished manufactures.
_ _ _ _ _
By principal commodities:
Agricultural products, total 9
Cocoa (cacao) beans, incl. shells
Coffee
Rubber crude (incl latex and guayule)
Sugar (cane or beet)
Wool and mohair, unmanufactured
Nonagricultural products, total 9
mil. $
21 283 4
25 366 6
1 800 4 1 806 1 2 221 5 2 0032 2 047 6 2 170 7 2 051.3 > 216 2 2,287 4 2, 311. 6 2,256 9 2 193 6 2, 263. 9
do
do
do
do
do_
do
4, 092. 2 4, 505. 5
353 3
371.6
431 2
390.4
358.3
387 2
342 8
353 7
416.6
389.1
359. 3
352. 0
do
do
do
do
do
120.5
1,060.2
182.3
444.7
235. 1
122.2
1,068.6
176.9
501.5
234. 9
13 4
93.0
9 4
16 7
23.7
18.0
102.5
18.3
28.8
21.1
15 4
118.2
15 2
36 3
27.9
10.1
97.1
18.7
37.8
29.2
12.6
91.2
16.4
30.1
18.5
6
80
17
47
21
9
74
11
61
16
4 6
63 8
16 1
45 5
19.6
5.2
99.2
13.1
73.2
15.0
6.7
100.0
14.3
47.6
13.3
7.9
72.7
14.5
40.9
12.9
12.8
76.0
12.3
35.4
16.0
do
17,191.2 20,861.0
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
128.8
1 ,447 1 1,434.5
146. 6
14 7
15.7
1 ,790 3 1,6128
20 3
11 7
2
2
2
2
4
3
6
3
8
2
1 ,689 3 1 ,783 5 1 708 5 1 862 5 1, 870. 8 1, 922. 5 1, 897. 6 1,841.6
12.7
13 1
7 8
9 5
6.9
9 0
6.9
17.7
143. 0
147.3
12 4
9.3
13 6
11.4
13.5
10 4
7 9
17 5
15 0
15.2
10.4
10.7
270. 5
302.2
168.6
399.8
527. 3
153 6
15 5
16 0
14 6
27.0
18.1
6.3
32 5
25 7
7 4
29.7
23.7
16 8
30.0
29.0
18 0
30 9
26 8
9 9
25 4
35 8
10 6
26 3
78 4
17 2
23 8
57.4
16 0
21.9
90.0
10.5
22.1
84.8
14.2
16.3
43.6
12. 1
451.7
789.6
2. 063. 3
453.9
891.4
2, 026. 3
31.5
68 7
99 6
33.5
63.6
178.2
42 1
75 6
215 4
35.0
71.0
157.6
39.1
78 4
154 3
40 0
81 0
182 8
38 6
63 9
177 6
43.1
76 0
186 7
35.4
81 0
166 8
38.3
78.9
167.8
38.1
77 9
171.6
39.2
75.4
168.0
144
152
106
p 138
p 146
p 106
143
151
106
P 177
pl88
p 106
•p 160
p 168
p 106
P 162
171
105
P 158
p 169
p 107
i 153
i 152
i 99
v 156
p 156
p 100
156
156
100
p 190
p 192
p 101
p 176
p 179
" 100
176
187
101
p 185
p 177
p 101
thous. sh. tons
mil $
171 730
16 996
12 423
1 340
13 480
1 396
15 461
1 740
15 814
1 537
16 147
1 540
16 763
1 520
14 865
1 508
17,003 17 025
1 513 1 500
16, 979
1,648
16,012
1 652
thous. sh. tons
mil $
255 754
14 943
19 010
1 264
17 9572
1 12
21, 982
1 479
19 740
1 406
°0 616
1 408
24 337
1 503
22, 954 26, 177 24, 044
1 439 1 551 1 602
24, 603
1,519
23, 292
1 536
thous sh. tons
mil. $
228 7
2 289 4
253 3
2 759. 2
18 9
221 1
20 0
220 5
22 9
226 4
24 5
224 4
21 1
240 2
20 9
225 2
18 7
208 1
16 6
183 8
23 2
265. 2
22.8
251.0
21.5
229. 9
22.2
263.7
thous sh tons
mil. $
96 1
1 315 9
114 8
1 724 0
8 2
112 0
7 3
118 2
9 4
150 8
89
137 1
9 0
129 2
96
142 3
91
135 3
91
135 4
10 3
155 3
11 0
164.1
11 2
162.2
11.7
182. 1
Paper base stocks
Newsprint
Petroleum and products
-
do
do
do
indexes
F.xports (U.S. mdse., excl. military grant-aid):
Quantity
1957-59 = 100
Value
do
Unit value
do
Imports for consumption: cf
Quantity
do
Value _
- _ _ do
Unit value
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports) :§
Shipping weight
Value
General imports:
Shipping weight
Value
Airborne trade:
Exports (incl. reexports):
Shipping weight
Value
General imports:
Shipping weight
Value
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. total):
Operating revenues, total 9 - - mil. $
3,306 p 3, 696
876
3,278
Transport, total 9
do
868
Passenger
.
_
do
2, 933 P 3, 254
775
Property.do
218
58
U.S. mail (excl. subsidy)
_ . _ . do
74
21
Operating expenses (incl. depreciation) do
2 886 p 3 240
788
Net income (after taxes)
„ _ _ _ do
223
f 238
45
Operating results:
Miles flown (revenue)
mil
940 9
78 0
84 9
87 9
Express and freight ton-miles flown do
921 6
75 9
79 4
96 3
Mail ton-miles
flown
do
219.6
°0 2
19 8
24 2
Passengers originated (revenue)
do
71 4
6 3
5 8
6 9
Passenger-miles flown (revenue).. __ . bil
49.2
4.4
4.0
p 57. 1
4 7
Express Operations (qtrly.)
Transportation revenues
mil $
431.4
103.9
430. 8
Express privilege paymentsdo
25.6
119.3
111.7
Local Transit Lines
9
9
Fares, average cash rate
cents
2 3
22.3
22 3
2'> 4
2 1
Passengers carried (revenue)-. .
mil
' 3 476
607
6 658
528
6 798
Operating revenues (qtrly. total)
.
mil. $
1 444
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. total):
Number of reporting carriers
5 1, 105
* 1, 105
5 i 927
Operating revenues, total
mil $
7 111
Expenses, total
do
5 1, 840
6 736
Freight carried (revenue)
mil. tons
5113
428
r
2
Revised.
p Preliminary.
i See note "a"" for this page.
As compiled by Air
Transport Assn. of America.
3 Reflects New York City 13-day transit strike.
* Number
of carriers Tiling complete reports for the year.
s For the period 4th quarter 1965.
9 Includes data not shown separately.
87 1
94 1
93 g
7 4
51
91 0
98 4
29 4
7 9
4.9
90 6
102 5
23 2
8 0
5.7
52
59
17
5
3
3
8
9
1
9
61 1
66 4
20 5
5 4
4.2
22.3
590
°2 3
566
92 *4
97 4
23 90
7
5. 1
p863
p880
p58
r
96. 1
105 9
24 6
r
7 3
5.0
91.7
101 2
26.3
7 1
4.7
22 4
506
9
24
529
22 4
550
p 2 5.4
P25.3
115.2
29. 2
107. 3
28. 0
104 4
28.9
22 3
579
p991
831
823
730
50
20
736
48
997
989
886
64
22
836
88
22.5
580
22. 6
570
22.6
580
22. 7
553
cf Beginning Jan. 1965, indexes are based on general imports, instead of imports for consumption as formerly.
§Excludes "special category" shipments and all commodities exported under foreign-aid
programs as Department of Defense controlled cargo.
SURVEY OF CURRENT BUSINESS
S-24
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
March 1967
1966
1966
Anrmal
Jan.
Feb.
Mar.
Apr.
May
June
1967
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
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.,
150, 9
Common carriers of general freight, seas, adj.*
1957-59=100-1413
Carriers of passengers, class I (qtrly.) :§
i 147
Number of reporting carriers
Operating revenues, total
mil. $
604.7
511.5
Expenses, total
do
9
13 2
Passengers carried (revenue)
mil
Class I Railroads
Freight carloadings (AAR):
Total cars
. _ . . . __......_
thous -. . 29., 248
5, 555
Coal
do
428
Coke. _
- do
1,978
Forest products
do
2, 662
Grain and grain products
do -
29,618
5,590
432
1,996
2,877
2, 103
434
32
147
234
2,096
413
34
150
225
2 2, 790
2542
244
2198
2273
2,229
329
35
161
209
2,434
464
36
163
206
2 2, 966
2528
2 42
2201
2283
:j, 175
360
33
150
236
2,357
469
32
158
232
125
1,956
459
16, 084
110
2,131
322
16, 159
7
65
26
1,159
6
67
26
1.174
28
2103
233
2 1, 591
7
155
26
1,307
7
226
24
1,308
27
2299
2 30
1,575
5
226
23
1,143
232
24
1,202
97
97
100
103
97
40
95
20
100
96
95
98
102
105
35
102
14
99
99
94
92
103
115
34
112
16
102
97
92
94
101
110
36
103
14
101
100
99
94
105
109
33
109
14
103
97
75
101
107
108
32
149
14
101
100
105
108
107
111
32
105
13
101
95
98
106
103
102
31
91
13
97
94
98
118
103
89
31
89
13
96
94
100
107
98
105
34
91
13
95
10,208
8,836
553
7, 849
1 396
10, 655
9, 280
544
' 962
1,046
Livestock
do
Ore
do Merchandise, l.c.l
_ _ - do ...
Miscellaneous
do
Freight carloadings, seas. adj. indexes (Fed. R.):
Total
1957-59=100.
Coal
- --.
- do
Coke
do
Poorest products _
do . ,
Grain and grain products
do
Livestock _
_
_ _ _ _ . do- .
Ore
do
Merchandise, l.c.l
do __
Miscellaneous.. _
_ __ _ .
. . ... do
Financial operations (qtrly.):
Operating revenues total 9
mil $
Freight
do
Passenger
do
Operating expenses
do
Tax accruals and rents
do
Net railway operating income
do
Net income (after taxes)
do
Operating results:
Ton-miles of freight (net), revenue and nonrevenue (otrlv )
bil
Revenue ton-miles*
do
Operating expenses, incl. depreciation
Net operating revenues
do__
do
mil
mil. $.
do
...mil.
-mil. $.
do....
!
r
do. ....
do
|
155.7
157.3
156
149 3
128 4
52 7
2
156.7
156.7
157.6
155.3
2,985
2570
241
2193
2260
2,526
485
32
154
234
2,333
443
32
146
233
2,624
2 553
238
2175
2252
2,049
438
29
148
201
2,054
434
29
158
193
215
2292
2
32
1,583
19
203
26
1,373
14
155
24
1,286
2 10
2108
228
1,460
6
67
20
1,139
4
68
20
1,149
95
94
100
99
103
36
99
13
98
94
96
91
97
100
37
92
13
96
97
95
88
98
104
40
130
13
100
99
95
87
103
109
38
129
13
101
156.2
156
210 6
1 59. 4
65 2
2 518
2 207
122
1,954
351
213
172
2 728
2 394
132
2,033
395
300
259
2, 690
2,311
165
2,031
391
268
227
181 8
178.0
1 240
3 657
192.3
189.9
1 261
4 151
186 7
186.1
1.242
5 427
96
96
78
107
94
29
104
11
98
97
95
82
105
99
32
116 !
12
100
2,718
2,368
125
263
363.7
3 59.5 2368.2
353.5
354.7
78. 927
9, 080
83, 019
9, 630
7,123
780
6,340
762
7,193
895
6,849
821
6,847
798
7,065
925
7, 071
804
7, 480
809
6,795
731
6,962
863
6,549
692
6,744
750
j
7,013 I 6,929
815 !
670
9.7!
62
112
10. 03
63
115
9.64
60
106
9.83
62
118
9.41
65
123
10.26
66
117
9.73
67
127
10.43
65
122
9.46
56
114
10.49
65
111
10.45
65
118
10.86
69
113
10.41
60
108
9.35
49
118
10.03 i 10.22
59
62
106
114
3,351
3, 341
2 093
1,819
1, 330 ~"~i~548
38, 490
36, 509
231
227
248
131
111
104
762
280
262
163
133
176
1,075
301
330
192
153
187
1,766
333
308
195
163
200
2, 625
356
397
486
459
261
208
188 !
211
210
149
8, 730
5, 492
571
396
262
231
132
8, 57L
387
322
268
204
94
3,872
311
250
217
187
251
217
181
157
71
1,329
67
851
158
119
84
741
2,014
34. 55
1,969
33. 80
474
8.15
11.750
6, 272
4,188
•7 076
2. 091
81. 5
12, 904
6,699
4, 761
7,713
2, 317
86. 0
3,104
1, 637
1,124
1,849
-f---""~ !
556
8° 7
305. 6 |
267. 4
23. 8
319. 3
275. 5
24. {
70 8
66.9
5.3
•jj'} 0
121.4
90. 4
27.1
28. 9
21.7
6 2
87. 0
21.0
Revised.
''Preliminary.
' Number of curriers
filinp complete reports for the year.
;><
- I),!*-•! cover 5 weeks; other pu.ocLs. 4 weeks.
Preliminary estimate by Association of
Ameriean Railroads.
*\c\\ Aeries, The monthly motor carrier index l A T A ) is based on a sample of earners
that represents approximately one-third of the das'- 1 diid II common carriers of general
freicbt: monthly data back to 1955 are shown on p. 40 of thf July 1966 SURVEY Railroad
revenue ton-miles are compiled by Interstate Commerce Commission.
159.8
i
do
International:^
155.0
154.7
208 7
174 7
34.0
COMMUNICATION (QTRLY.)
Telephone carriers:
Operating revenues 9
mil. $^
^fftiori revenues
do
Tolls message
do
Not operating income
Phones in service, end of period
Telegraph carriers:
Domestic'
Operating revenues
Operating expenses, incl. depreciation
157.1
154
126. 1
121. 5
49 3
709, 3
697, 7
1 266
17 389
TJnited States vessels
do
Panama Canal:
Total
thous Ig tons
In United States vessels
do
Travel
Hotels:
Average sale per occupied room
dollars.. I
Rooms occupied
% of total
Restaurant sales index. -.same mo. 1951 = 100. _
Foreign travel:
U.S. citizens: Arrivals
thous__
Passports issued and renewed
Nationai parks visits
Pullman Co. (qtrly.):
Passenger -miles (revenue)
Passenger revenues
154.6
816
Passengers (revenue) carried 1 mile (qtrly ) mil
Waterway Traffic
Clearances, vessels in foreign trade:
Total TJ S ports
mil net tons
Aliens' ^rrivsls
154.5
159.4
163 3
154 7
156.3
!
j
i
I
i
2,66'
449
7.66
650
11.07
397
6.9
3 210
1,669
1, 185
1,890
589
83 6
3, 260
1, 676
1, 216
1,935
592
84 9
3,330
1,71
1,23
2,03
58
86.
80.2
67.8
6. i
80. 5
71.1
5 5
81.
69.
7.
''9 9
22. 1
6.8
31 3
9-> 7
7. 5
31.
23.
6.
100
932
111
§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.
y Includes data not shown separately.
(/Comparability of data between periods shown has been affected by organizational
changes: certain operations reported prior to 1965, and others reported through mid-1965,
are no longer covered.
SURVEY OF CURRENT BUSINESS
March 1967
1966
1966
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
Feb.
Jan.
Annual
S-25
Mar.
Apr.
May
June
1967
July
Aug.
Sept.
Oct.
Nov.
1,426
' 1,399
Dec.
Jan.
Feb.
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Acetylene
__mil. cu. ft _ 16, 745
Ammonia, synthetic anhydrous (commercial)
thous. sh. tons . 8, 607. 4
1, 077. 7
Carbon dioxide, liquid, gas, and solid
do
6, 438. 9
Chlorine gas (100% Ch)
do _
1,
310. 0
Hydrochloric acid (100% HC1)
do
4 860 0
Nitric acid (100% HNOs)
do
182,
031
Oxygen (high purity)
mil. cu. ft _
3, 845. 1
Phosphoric acid (100% P2Os)
thous. sh. tons_
Sodium carbonate (soda ash), synthetic (58%
4, 931. 0
XajO) •
thous. sh. tons
138.2
Sodium bichromate and chromate
do
6, 723. 5
Sodium hydroxide (100% NaOH)
do
Sodium silicate (soluble silicate glass), anhydrous
thous. sh. tons..
589.8
Sodium sulfates (anhydrous, refined; Glauber's
1,392.4
salt* crude saltcake)
thous sh. tons
24, 789. 5
Sulfuric acid (100% HsSO.)
do
Organic chemicals, production:^
Acetic anhydride
Acetylsalicylic acid (aspirin)
Creosote oil
mil. Ib
do _ _
mil. gal
DDT
- - - Ethyl acetate (85%)
Formaldehyde (37% HCHO)
Glycerin, refined, all grades:
Production
Stocks, end of period
_
Methanol, synthetic and natural..
Phthalic anhydride
1
1,278
1,533
1,370
1,395
1,360
1,323
1,464
1,471
832.9
87.0
517.1
110.1
437 4
16, 065
352.7
920.2
100.5
593.5
121.4
450 5
18, 303
394.7
851.9
101.1
573.3
123.3
431.3
17, 636
405.0
976.1
110. 1
587.4
132.6
428 9
18,634
406.2
889.8
118.8
560. 5
121.4
394 9
17,868
360.8
855.6
129.8
577.4
127.8
395 3
17, 347
361.2
857.2
134.0
585.6
124.8
420 9
18,167
374.2
847.8
115.4
570.0
125.0
423 7
18,125
353.2
439.1
12.6
628.1
423.0
12.6
605.2
452.6
11.9
625. 9
433.1
11. 6
595.9
431.7
11 3
606.7
417. 2
11.9
617.4
400.7
11.9
605.7
56.0
53.9
16, 838
5, 069. 2
138.6
7, 342. 3
411.6
12.4
584.5
386.4
11.4
532.3
609.1
38.7
44.7
65.4
54.7
39.2
49.9
47.5
1, 424. 8
128 1
111.6
27, 195. 1 2, 168. 0 2,091.5
129.4
2,297.2
119.2
2,420.7
123.8
2,314.9
118.4
2178.3
116 6
2,233.6
135.2
129.0
122.3
137.9
116 9
1,531.7 il,600.9
34.1
29.0
i 112.7
2 108. 4
144.6
mil. lb_
107.3
do
do.. . 1 3, 085. 5
do
do _ _ _
mil. gal _
mil Ib
1,411
10, 639. 5 846.6
1,310.8
84.4
561.5
6, 947. 9
1, 506. 1
119.5
5 335 9
471 0
214,833 16, 603
4, 522. 7
361.1
123.1
2.7
7.5
13.4
130.6
2.7
7.6
3.1
10.5
2.8
9.0
2.9
9.7
2.9
9.0
11.4
2.4
120.5
118. 1
2,209.2 2, 162. 8
134. 0
2.4
9 5
10 0
125.7
2.9
9.9
9.3
1,408
822.2 '911.4 1,027.9
113.9
106.9
108.8
605.2 ' 599. 6
617.0
135. 95 rr 129. 5
135. 2
497 5
469
515 4
19.178 ' 18, 584 18, 323
388. 0 ' 374. 3 391.5
445.2
12.9
649. 0
408.2
634.1
657.5
55.1
' 52.8
51.1
9.3
420.4
8.8
115.0 ' 112.8
111.3
2,316.0 '2,347.2 2, 455. 6
137.0
126.8
3.2
8.8
11.5
2.7
9.6
137.3
3.4
10.0
141.5
i 121.6
3,627.1
12.3
12.0
278.4
269.9
309.7
14.2
11.9
290.1
14.0
10.5
296.1
315.4
12.2
8 7
274.6
9 4
320 7
10.9
291.9
318.8
10.3
12.8
' 309. 6
10.9
12.1
308.3
365.6
26.0
485. 6
674 8
28.8
30.3
39.4
55 0
28.6
28.6
36.0
49 0
29.8
30.0
39.6
57 3
30.1
16.6
39.1
54 9
29.9
20.8
36.7
57 1
32.4
20.1
33.2
55.7
25.6
20.4
39 8
54 7
31 5
23 8
41.2
56 9
30.5
21.7
41.2
57. 6
32.4
22.4
43.1
58.4
35.2
24.3
42.8
59.9
30.8
26.0
48.1
58 7
710.1
200.5
589.4
70.0
659.1
204.0
570.0
74.7
54.8
208.4
50 6
49.5
211.9
46.4
52.9
46.9
6.1
59.6
199.0
47.7
7.1
0
3
3
4
65.2
196.9
50.9
59.4
204.0
48.0
6.5
6.1
50.8
207.9
48.6
58.1
201.5
43.9
5.1
'53.2
208.5
45.7
' 207. 0
4.9
54.6
'211.6
52.0
315.9
315.2
307.3
310.0
27.2
29 2
24.9
24.3
28.0
28.1
24.6
24.6
26.2
26.4
27.8
26.7
25.8
26.5
25.9
26.2
3.8
26 0
26 1
99
23.7
23.6
3.7
25.3
25.9
1,150
1 002
1 194
1,155
353.2
24.7
i 433. 3
579 1
1
1
1
6.4
8.0
8.3
9.1
9.9
9.7
T
31 2
27 8
ALCOHOL
Ethyl alcohol and spirits:
Production
mil. tax gal
Stocks, end of period
.__ __ _ _ _
-do
Use for denaturation
do
Taxable withdrawals
_
_
do
Denatured alcohol:
Production
mil. wine gaL
Consurnption (withdrawals)
_
__do
Stocks, end of period
do
5.4
3.5
3.4
4.0
53
10
40
4
9
1
3
9
8
3.7
3.3
22 1
22 3
3 0
1,174
1,086
1 378
48
205
48
6
7.0
3.0
8.9
4.0
6.8
3.2
5.2
3.5
FERTILIZERS
Exports, total 9
Nitrogenous materials
Phosphate materials _ _
Potash materials
_
Imports:
Ammonium nitrate
Ammonium sulfate
Potassium chloride. _ _ . .
Sodium nitrate
thous. sh. tons
do
_ .do
do
do
.-do. _
_ _ . _ _do_ _do
Potash deliveries (K^O)
_
._
-do. .
Superphosphate and other phosphatic fertilizers
(100% P205) :
Production, _ _ _ __
thous. sh. tons
Stocks, e n d o f period., _ _ _ _ _ _ _ _ _
do_ _
3 10. 810
3
1, 196
3 8, 104
3 1,053
14,219
2,303
10,018
1 000
869
74
725
58
1 152
173
852
89
272
747
47
154
160
11
19
139
17
103
786
74
192
854
73
15
26
290
44
20
20
284
38
15
10
175
43
1 432
11
8
237
34
13
10
260
13
14
20
228
13
12
12
175
35
197
808
85
10
5
82
32
12
8
118
33
5
214
115
1,497
443
864
58
172
821
104
140
1,131
193
805
88
1 000
128
736
115
216
1,019
94
398
321
9
18
181
18
3,342
3,991
335
238
495
626
308
147
158
272
472
372
282
'286
3,834
4, 428
349
505
363
548
422
413
400
293
402
383
365
520
337
647
334
658
328
572
367
552
370
612
391
620
177
181
1,780
2, 382
469
620
(4)
345
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly:
Black blasting powder
mil Ib
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
.8
.2
.5
.1
471 7
371.4
1, 459. 4
1 753 1
2, 169. 3
1, 246. 7
922.6
2, 326. 3
1 315 7
1,010.6
164 6
85 3
79 3
i 7, 336
3,425
8,222
2,704
670
611
3 346
3 281
3,213
3,128
165.2
84 6
80.6
207.3
116.0
91.3
673
208.7
120.9
87.8
664
—1.0
427 8
1. 1
482 2
220.9
129 2
91. 7
232.9
140.7
92.2
200 6
193 3
77 3
291 i
132 7
88 4
201. 4
115.9
85.5
708
'684
2,984
738
671
705
699
3 014
677
9 975
722
3,021
2,925
2 871
2,926
2,704
15
189 1
104 7
84 4
171 7
90 6
81. 1
142.8
71.8
71.0
PLASTICS AND RESIN MATERIALS
Production:
1
Cellulose plastic materials _ _ _ _ _
_ mil. Ib
169. 6
Therm osetting resins:
1
A Ik yd resins
do
585. 6
Coumarone-indene and petroleum polymer
324.9
resins
mil Ib
1
Polyester resins
_
do
388. 0
1 919. 9
Phenolic and other tar acid resins
do
Urea and melamine resins. _ _
.
do
i 595. 8
Thermoplastic resins:
Styrene-type plastic materials (polystyrene)
mil. lb._ 112,002.5
Vinyl resins (resin content basis)
do
2, 282. 0
Polyethylene
do
3, 047. 4
1
15 4
16 3
15.3
16.1
46 4
52 8
49 4
48 6
44 3
45 0
29 7
40 9
84.3
58.0
95 9
34 7
73 3
41.2
31
37
8()
53
97
37
89
53
9
9
6
3
27 1
38 0
80.4
51.8
22 0
37 1
73 9
47.1
203.2
221.4
292.7
198. 1
190. 1
294. 7
203. 7
223. 9
311.1
210. 3
239.2
304. 6
210.2
227.5
312.7
192.7
227.0
326. 3
13 1
14 5
17.0
15.9
15 6
17.5
6 1
47 7
48 8
59 0
55 9
55 2
55 1
i 333 5
453 3
1
982 6
1
632 8
95
35
80
52
o
7
6
6
25 7
36 3
80 1
52. 7
28 0
40.5
87.8
56.3
29 2
38.5
84.3
53.0
31 7
38 8
78.6
54.2
179.0
215.7
279.9
177.4
214.7
280. 1
191.5
221.6
291.1
197.6
221. 4
274. 6
207. 3
225. 1
288. 7
1
2,
1
2,
1
397. 2
670. 0
3, 558. 7
'2 Revised.
' Revised annual total; revisions are not distributed to the monthly data.
Beginning Jan. 1965, data exclude creosote in coal-tar solutions (formerly included); these
average 930,000 gallons per month in 1964.
3 See note "O" for p. S-21.
* Less than 500
short tons.
9
190. 6
i 614 o
°
0
6
9
8
9
0
5
204. 6
224. 5
311.0
23
37
r 90
r
58
c^Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
9 Includes data not shown separately.
s_26
SURVEY OF CURRENT BUSINESS
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
March 1967
1966
1966
Jan.
Annual
Feb.
Mar.
Apr.
May
June
1967
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total J
mil. kw.-hr
Electric utilities total
By fuels
By waterpower
,156,929
,248,232
05, 254
94,962
01, 899
96, 667
00,559 105, 367
13, 380
12, 348
02,282
03, 070
02, 729
09,717
09,951
,054,790
861,342
193, 448
,143,737* 96,468
949, 254 79, 896
194, 482 16, 571
86, 865
71, 577
15,288
93, 057
74,890
18, 167
88,079
71, 759
16, 321
91,630
73, 193
18, 436
96. 492
80, 271
16, 221
04, 678
89, 054
15, 624
03,632
87,309
16, 323
93, 817
79, 722
14,095
94, 210
79, 786
14, 424
93, 949
78, 745
15, 204
00,860
83, 053
17, 807
01, 256
83. 566
17, 690
855 632
199 158
933, 407
210, 329
77, 844
18, 624
70, 172
16, 692
75,354
17, 703
71, 694
16, 385
73,857
17, 772
78, 663
17, 830
85, 581
19, 096
85r 221
18,411
77, 727
16,090
77, 789
16, 422
77, 140
16, 809
82, 365
18,495
_ do_ __ 102, 139
98, 988
do
3, 151
do
104, 496
101, 346
3,149
8,786
8,520
266
8,097
7,835
262
8,841
8,527
315
8,587
8,269
318
8,929
8,610
320
8,875
8,600
274
8,703
8,490
212
8,716
8,509
207
8,466
8,264
201
8,859
8,626
233
8,780
8,521
259
8,856
8,575
282
do
953, 414
,038,982
84, 755
84, 418
84, 035
82, 324
82, 001
84, 542
89, 682
93, 376
91,519
86, 718
86, 350
89, 262
do
do
202, 112
433, 365
225, 878
465, 077
17,005
36, 836
16, 988
36, 183
17,034
37,711
17, 164
37,800
17, 482
38, 726
19, 110
39, 159
21,309
38, 683
21,995
40, 212
21,329
40, 355
19, 166
40,001
18, 457
39, 851
18,840
39,560
do
do
do
do
do
4,652
280, 970
8,782
21,675
1,858
4,514
306, 972
9,240
25, 922
1,779
401
27, 589
866
1,923
135
406
27, 976
797
1,944
125
410
26, 024
776
1,928
151
382
24,001
727
2,111
138
362
22, 433
689
2,144
166
350
22, 872
664
2,231
155
340
26, 220
668
2,300
162
355
27, 667
714
2,266
166
341
26, 351
746
2,239
158
370
23, 981
811
2,238
151
376
24,371
866
2,291
139
421
24, 087
914
2,306
134
do
do .
- _ _ ~_do
Privately and municipallv owned util
Other producers (publicly owned)
Industrial establishments, total
By fuels
By waterpower
do
do
Sales to ultimate customers total (EEI)
Commercial and industrial:
Small light and power §
Large light and power§
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental
- -
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil. $.. 15, 158. 4 16, 196. 1
8,695
8,393
302
, 326. 4 1, 324. 6 1, 304. 7 1,282.8 1, 278. 3 1, 327. 1 1,414.5 1, 453. 1 1, 427. 6 1,351.6 1, 330. 5 1, 375. 0
GAS
Manufactured and mixed gas:
Residential
do
702
659
42
699
655
43
673
631
41
667
626
40
Residential
do
1 357
809
534
532
346
186
311
181
127
167
63
103
Residential
do
130 4
87 2
42 1
48 0
33.5
14.5
29.1
19.1
9.7
16.3
8.6
7.9
37 265
34, 227
2, 997
37, 282
34,215
3,077
37, 182
34, 182
2,958
37, 157
34, 201
118 748
39 190
74 657
41 253
18, 272
22, 981
30 043
8,821
19, 848
23, 566
3,402
18, 686
7 278 5
3' 937. 8
3, 166. 0
2,748 8
1, 675, 4
1,073.4
1,793.3
922.4
823. 4
1, 194. 9
454.5
Natural gas:
Residential
_
Industrial and commercial
rie. U
___
~n'~]
Residential
Industrial and commercial
do
do
~ ~
do ~
do._.
do
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
108. 22
Production
mil bbl
Taxable withdrawals
do
100.42
10. 34
Stocks, end of period
_ _ do
Distilled spirits (total) :
Production
rail,
tax gaL_ 185. 06
Consumption, apparent, for beverage purposes
mil. wine gaL. * 294. 24
Taxable withdrawals
mil. tax gaL_ 137. 52
872. 90
Stocks, end of period
do
58.04
Imports
mil. proof gaL_
Whisky:
Production
mil tax gal
126. 88
90.05
Taxable withdrawals
do
835. 85
Stocks, end of period
do
Imports
mil. proof gaL_
51.10
113.03
104. 26
10.57
7.76
6.69
' 10. 89
7.39
6.66
11.07
10.31
8.73
11.83
9.82
8.54
12.34
191.14
17.32
17,02
19.82
17.63
308. 92 ' 19. 24 ' 20. 65 '25.83
12.07
9.40
10.58
144.72
880. 42 ^877. 92 '881. 58 '886. 18
5.14
3.83
60.30
3.34
128. 51
94.57
835. 46
52. 20
13.28
6.20
840. 16
2.94
12.49
7.50
842. 55
3.31
Rectified spirits and wines, production, total
'7.10
101. 30
'6.45
mil. proof gal_ _ r 94. 11
'4.85
Whisky
do
'3.95
' 64. 81 67.13
Wines and distilling materials:
Effervescent wines:
.76
.79
8.75
Production
mil. wine gaL_
7.29
.35
.40
7.40
Taxable withdrawals
do
6.25
3.40
3.78
3.75
3.10
Stocks, end of period _._
_ __ . d o ._
.11
Imports
do
1.64
.11
1.45
Still wines:
7.37
'2.59
Production.
„ _ _ _ .__ . __
_ do 218. 82
233. 41
12.00
12.42
Taxable withdrawals
do_-- ' 167. 14
165. 77
Stocks, end of period., . . . _ _
do
' 262. 30 265. 10 r 254. 73 '239. 53
.95
Imports
do
16.34
1.51
14.91
11.32
10. 59
12. 48
10.99
10.44
12.25
9.00
8.95
11.62
8.37
7.79
11.54
8.10
7.93
11.08
' 17. 60 16.70
9. 24
12.94
14.31
16.28
17.06
15.20
' 23. 55 24.81
13.40
11.93
888. 94 889. 41
4.52
4.66
' 26. 39
12.63
890. 76
4.99
22. 34
9. 89
887. 20
3. 66
24.12
12.31
885. 41
4.38
25.20
12.57
883. 87
5.77
26.45
15.57
879. 81
7.41
32.14
14.32
878. 48
7.15
37.56
10.05
880. 42
5.46
13.18
15.06
7.41
7.87
846. 87 '850. 08
4.00
4.49
r 12. 72
8.15
851. 45
4.07
11.50
7.56
852. 97
4.38
4, 94
6. 00
849. 98
2.82
7.61
7.46
847. 65
3.74
8.72
8.68
844. 37
4.58
9.26
11.13
839.28
6.60
9.92
10.06
835. 18
6.39
9.85
6.55
835. 46
4.88
'8.60
5.81
8.10
5. 36
9.49
6.38
8.12
5.06
5.93
3.83
8.46
5.72
9.21
6.40
12.70
9.34
9.92
6.46
6.92
3.99
.88
.48
4.14
.12
.65
.49
4.26
.10
.66
.50
4.34
.13
.82
.61
4.49
.11
.47
38
4 55
.08
.73
.54
4.66
.10
.58
.73
4.46
.11
.72
.91
4.20
.23
.73
1.01
3.88
.25
.96
1.00
3.75
.18
2.30
3.03
'2.58
2.26
14.91
12.66
17.62
12.89
225. 26 ' 214.16 '202.11 '188.78
1.30
1.48
1.38
1.16
1.52
9.81
178.58
1.02
9.63
13.10
171.88
1.21
72.94
13.93
225. 04
1.25
88.44
15.90
290.38
1.57
17.88
16.09
282. 86
2.07
8.28
14.47
265. 10
1.43
2.82
11.33
4.50
' 470. 56 390. 22
Revised.
{Monthly revisions for 1964 appear on p. 43 of the June 1966 SURVEY produc ion data for
all periods shown here include Alaska and Hawaii.
r
8.33
8.14
10.57
11.51
10.74
12.58
10.14
9.06
12.62
8.38
7.00
11.31
18.65
2. 37
31.96 145. 40 129. 55 35.20
1.65
2.31
§DJita are rmt whol ly comptirable on a year to year oasis bee ause of (changes from one
classif acation t o anothe r.
91 n eludes clata not shown se parately
'4.47
SUEVEY OF CUKRENT BUSINESS
March 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1966
Annual
S-27
Jan.
Feb.
Mar.
Apr.
May
June
1967
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
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. Ib
do
_$ per lb._
1,322.8
52.1
.610
1, 119. 2
32.3
.672
99.2
33.7
.601
92.2
26.6
.627
101.5
25.5
.643
106 2
34 3
.632
116 4
53.2
.641
114.8
84.7
.666
83.9
92.2
.717
77.3
85.9
.736
70.5
68.4
.754
79.1
58.1
.699
80.8
39.0
.680
97.4
32.3
.674
112.9
••35.1
.669
mil. Ib "
do
1, 755. 5
1, 158. 4
1 873 6
1 234 5
132 4
81 0
127 6
78 3
158 7
100 2
165 6
113 0
184 2
130 5
194 5
138 3
169.5
116.6
156 8
105 3
145.6
95.3
144. 0
91.6
139 4
85 8
155.3
98.6
153 1
101.5
277.6
238.3
7 2
270.7
230.4
11.1
296 9
252.9
78
324.0
276.4
5.9
363.7
315.1
10.3
386.3
335.9
9.7
399. 5
346.4
10.8
395.4
344.1
10.3
385.8
332.5
15.3
378.3
325.4
17.8
372.7
' 322. 2
17.8
.524
.507
.500
.517
.539
.562
.562
.554
.530
.530
9 3
165.6
11 2
193.2
11.0
195.4
11.6
158.1
11.3
159. 1
12.2
133.8
12.2
125. 8
11 1
107.4
109.9
105.2
6.0
217. 2
245. 1
7.0
253.4
7.2
230.8
11.6
192.9
14.3
150.0
10.7
8.1
3.8
10.3
7.0
2.1
5.6
3.0
308.6
Stocks, cold storage, end of period
do
271.0
American, whole milk _
do
79.3
Imports
do
Price, wholesale, American, single daisies (Chi.450
cago)
_
$perlb._
Condensed and evaporated milk:
Production, case goods:
95.9
Condensed (sweetened)
mil. Ib
Evaporated (unsweetened)
_ .-do. _ 1,693.0
Stocks, manufacturers', case goods, end of period:
5.9
Condensed (sweetened)
mil. Ib
134.8
Evaporated (unsweetened)
_ do. _
Exports:
i 65.3
Condensed (sweetened)
do
i 24.7
Evaporated (unsweetened) _
_ do. .
Price, manufacturers' average selling:
6.09
Evaporated (unsweetened)
$ per case
Fluid milk:
Production on farms
mil. Ib '124, 173
60,577
Utilization in mfd. dairy products
do
4.24
Price wholesale U S average
$ per 100 Ib
Dry milk:
Production:
88.6
Dry whole milk
mil Ib
1,992.7
Nonfat dry milk (human food)
do
Stocks, manufacturers', end of period:
5.0
Dry whole milk
do
58.2
Nonfat dry milk (human food)
do
Exports:
i 20.0
Dry whole milk
do
1
438. 8
Nonfat dry milk (human food)
do
Price, manufacturers' average selling, nonfat dry
.147
milk (human food)
$ per Ib
372.7 r 306. 1
322.2 ' 267. 5
135.5
11 4
.527
.492
.501
127.1
1, 730. 9
9 5
117.2
9.1
9.1
118.4
147.0
11.6
192.9
5.2
103.2
5 4
61.9
40.2
58
73.6
8 5
128 3
8.4
205.8
6.1
223.4
92.9
38.4
8.7
2.1
2.0
2.2
9.7
3.1
4.7
3.4
9.1
4.4
8.6
2.5
8.3
3.5
6.6
6.9
4.9
3.4
r
r
53.4
.672
367. 8
317. 4
350.9
301.1
.530
.520
9.4
4.8
6.73
6.14
6.33
6.46
6.55
6 63
6.64
6.78
6.93
7.07
7.06
7.07
7.06
7.05
120, 230
57. 365
4.81
9,805
4, 352
4 54
9,137
4,218
4 55
10, 537
5,026
4 54
10 725
5 270
4 45
11 525
5,849
4 34
11,269
6,152
4 36
10, 350
5,187
4 70
9,763
4,804
4 99
9,263
4,181
5.28
9,333
4,048
5. 40
9,012
3,907
5.39
9,511
4,371
5.30
9,855
4,777
5 15
87.5
1, 587. 5
7.5
6.5
192.5
7 0
132 0
7.0
146.0
7 6
188.0
7.5
123.2
81
167.5
8.9
130.3
110.5
89.0
6 0
92.9
122.7
6.9
50
'59.8
6 2
53 8
9 2
110 0
8.4
139.3
88
142 3
7.9
47.5
6 7
78 1
8.2
118.9
130. 1
118.7
116.8
83
122.4
118.9
16.4
170.3
12
16 9
17
6 4
2 0
16.2
10
28 8
2.2
9.5
.5
8.3
12
26 0
2.6
1.4
19.7
15.6
.9
9.8
.8
8.8
.8
4.1
.182
151
152
.156
169
172
.174
195
.202
.206
.199
.204
.201
11,385.6
1, 590. 3
112.0
127 9
161.3
160 6
139.7
143.4
119 0
138.7
134.0
126.8
125.5
101.3
2 392.3
300.8
184.5
116.3
i 65.9
2 389. 6
290.5
177.2
113.3
63.6
4.2
6.3
4.5
7.9
7.3
8.0
3.0
3.7
8.5
4.6
4.3
290.5
177.2
113.3
1.4
1.33
1.27
1.35
1.33
1.37
1.35
1.40
1.38
1.36
1.35
1.32
1.29
1 33
1.30
1.30
1.27
1.30
1.27
1.34
1.31
1.39
1.35
1.41
1.39
1.37
1.36
1.36
1.34
1 35
1.34
1.32
1.31
mil bu
do _
2 4,084
204.9
2 4, 103
203.6
16.0
15.2
18.0
17.0
16.8
18.2
16.9
18.1
17.1
18.3
16.9
15.1
16.2
15.1
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
4,041
3,085
i 598. 9
3,663
2,885
778
616.6
48.9
51.5
3,863
2,123
741
65.7
64.6
53.4
55.3
43.4
51.8
45.3
35.6
56.4
3,663
2,885
778
44.6
1.28
1.25
1.34
1.31
1.29
1.27
1.29
1.24
1.25
1.22
1.28
1.24
1.28
1.26
1.32
1.25
1.39
1.33
1.48
1.40
1.44
1.40
1.37
1.35
1.31
1.33
1.42
1.37
1.40
1.36
1.38
1.33
mil bu
do
do
do
2 927
762
660
103
2798
660
555
106
Exports, including oatmeal- .
do
Price, wholesale, No. 2, white (Chicago)
$ per bu
i 24.3
30.2
79
77
8.2
7.7
5.9
8.7
92.9
5.5
9,217
5 07
5.8
133.8
6.9
6.8
118.7
.200
GRAIN AND GRAIN PRODUCTS
Exports (barley, corn, oats rye, wheat)
Barley:
Production (crop estimate)
Stocks (domestic) end of period
On farms
Off farms
Exports, including malt§
Prices, wholesale (Minneapolis):
No. 2, malting
No. 3, straight .
Corn:
Production (crop estimate grain only)
Grindings, wet process.
_
Oats:
Production (crop estimate)
Stocks (domestic), end of period, total
On farms
Off farms.
mil bu
do
do
do
do
do
$ per bu
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 cf period
mil Ib
Exports...
_
do
Price, wholesale, Nato, No 2 (N O )
$ per Ib
956
4
.74
2
76 3
1,612
1, 055
. 77
2
3 104. 8
346.1
358.6
193.1
99.2
94.0
386.1
245.3
140.8
1,783
1,324
3 840
3530
459
536
448
87
3311
833
675
158
3316
3241
375
660
555
106
.3
.6
.8
3.4
5.2
3.9
3.6
2.3
3.2
4.2
2.3
.78
.7*
77
.75
.74
78
.77
.76
.75
.78
.78
121
137
80
49
126
105
95
59
76
97
117
61
66
54
82
53
266
109
371
109
33
54
154
58
.2
85. 1
1,586
945
179
197
207
317
158
162
143
146
80
111
99
97
168
304
262
317
260
5,711
54,020
5,880
3,962
332
360
195
316
133
291
108
253
72
288
25
365
98
271
896
232
1,312
1,640
366
404
664
416
405
399
341
403
1,641
i 3, 411
1,758
2,978
.083
1,527
1,350
1 170
1,002
1,826
1,867
1,758
.083
.083
.083
254
404
083
1, 109
.082
442
219
623
85
.082
763
295
083
.083
.083
.083
.085
.085
Rye:
2
Production (crop estimate)
mil bu
27 9
233 2
Stocks (domestic), end of period
do
24 8
28.1
28 8
1.25
1.20
1.16
Price, wholesale, No. 2 (Minneapolis) _ _ $ per bu.
1.22
1.15
T
2
Revised.
v Preliminary.
» See note "O" for p. S-21.
Crop estimate for the
year.
3 old crop only; new crop not reported until beginning of new crop year (July for
barley, oats, rye, and wheat; Oct. for corn).
< Average for 11 months.
1.17
1.14
3 19 0
1.19
1.22
1.24
37.8
1.23
1.18
1.21
28.1
1.25
083
335
207
233
205
5
200
226
246
Beginning June 1965, data include shipments to Gov't. agencies.
§ Excludes pearl barley.
9 Bags of 100 Ib.
1,611
322
p
085
1.20
1.19
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1966
1965
March 1967
Jan.
Annual
Feb.
Mar.
May
Apr.
June
1967
Aug.
July
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
I
GRAIN AND GRAIN PRODUCTS— Con.
Wheat:
Production (crop estimate) total
Spring wheat
Winter wheat
Distribution
419
382
406
395
1 336
405
931
1 046
409
637
917
256
662
2 535
2 131
2404
1,441
544
897
1,046
409
637
3 694 2
3646 5
875 7
820 8
58 5
56 3
69 5
67.9
90 4
87 7
83 6
77 7
72 8
67 0
1.97
1.81
1.88
1.86
1.66
1.75
1.89
1.65
1.77
1.87
1.64
1.74
1.84
1.65
1.72
257, 188
91 3
4,668
579, 183
20, 169
87.7
368
45, 735
19, 621
89.6
357
44, 294
23, 013
90.7
416
51,811
4,180
23 540
955
711
6 365
5 994
5 988
5.617
5 988
5 567
5 076
26 614
13 <?994
7 30
4 432
27 319
13, 133
8 056
25. 81
22.50
27 17
1 11 316
299
1
1,017
1 432
Stocks (domestic) end of period total
On farms
Off farms
do
do
do
Exports total including
"Wheat only
do
do
flour
1
1,311
1254
1, 057
1 602
mil bu
do
do
do
1
T
76 2
71 4
68 8
64 1
80 5
74 7
76 2
71 6
81.8
75.8
62.1
56.1
55.1
50.5
1.87
1.74
1.78
1.98
1.89
1.88
2.10
1.99
1.96
2.09
1.98
1.98
2.09
1.93
2.08
2.02
1.80
2.00
2. 00
1.88
1.98
1.97
1.86
1.95
1.92
1.79
1.91
20, 686
89 2
374
46, 585
20 628
89 0
373
46, 382
22, 350
92 4
403
50, 222
20, 037
90 9
367
45 402
22, 380
88 3
405
50, 400
23, 093
98.8
420
51,996
22, 924
98. 1
417
51,602
21,484 '20,803
91.9 '88.9
389
'377
48, 133 '46,621
20,689
88.4
376
46, 499
4,086
1 155
2 532
2 492
4 228
2 071
2 015
2 495
4,197
1 962
2,601
2,595
5 913
5 540
5 925
5 567
6 050
5 800
6 450
6 200
6 905
6 573
6 838
6 483
6 813
6 433
6 638
6 167
6.550
6.100
382
2,304
1,110
484
376
459
2,037
2 232
943 < 1,110
389
513
370
2 103
932
466
318
2 249
961
448
325
2 397
1,151
373
313
'2 236
'976
443
361
2 469
1,148
576
390
2 416
1,115
911
389
2 335
1,355
1 424
384
2,285
1,244
1,325
366
2,257
1,042
705
372
2,365
1,142
514
840
26.17
25.42
39 38
26.65
24.64
32 00
27. 55
26.38
37 50
28.96
27.62
36 00
27.73
26.74
35 00
26.54
26.31
33 50
25.33
24.92
33 00
25. 26
24. 15
f>
6 50
°5 73
25.' 51
28 50
26. 07
25. 51
30 00
25.48
24.79
31 50
24. 93
24. 18
32.50
24.49 '25.21
24.28
24.32
32.50 v 33 00
24.92
24.04
63 708
15,386
63 729
15, 175
4,719
1,161
4 650
1,091
5 806
«l|316
5 303
1,291
4 913
1,245
4 672
1,192
4- 228
1,004
5 088
1,192
5 888
1,305
6 047
1,439
6,200
1,469
6, 215
1,460
6,280
1,497
1,233
20.78
22.88
27.26
27. 15
24.00
21.72
22.25
22.88
22. 65
23.85
22.57
21.34
19.78
19.10
18.77
18.81
18 2
18.7
22.9
23.7
21.4
19.1
18.7
19.3
18.1
18.3
16.4
16.4
15.2
14.6
14.8
14.9
11 710
3,450
2 157
11 551
3,901
1 988
907
254
107
785
206
80
1 033
*314
120
972
279
172
970
315
168
1 040
335
109
Q29
303
104
1 024
398
230
1 067
'427
395
1 022
405
337
896
344
126
905
269
111
1 053
298
88
221
24.29
25.00
27.88
28.25
26. 75
25.75
27.12
24.25
23. 75
24.75
24.00
23.25
22.25
22.00
22.50
21.25
28 T56
29 289
2 348
2 143
2 500
2 349
2 363
2 432
2 197
2 480
2 593
2 600
2,633
2,647
2,732
484
3 535
1 012
621
480
1 318
'482
42
92
509
35
101
528
43
94
585
32
107
572
31
88
518
38
143
495
34
98
433
45
123
457
43
131
509
59
128
565
52
104
621
36
106
'668
701
15 995
269
3 4(3
718
16 708
'317
32
895
1 413
-260
5
58
1,244
256
2
64
1 367
236
3
50
1 291
225
2
65
1,359
213
2
53
1 466
219
3
103
1,346
227
2
68
1, 489
222
2
96
1,467
239
3
101
1,432
261
3
92
1,414
282
3
72
1,418
317
3
73
1,488
'334
325
433
441
449
453
469
460
442
494
410
440
448
.433
. 427
.431
.437
46
17
55
15
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu_1.83
No. 2, hd. and dk. hd. winter (Kans. City). do
1.58
Weighted avg., 6 markets, all grades
do
1.70
Wheat flour:
Production:
254 584
Flour
thous sacks (100 Ib )
Operations percent of capacity
90 9
Offal
thous sh tons
4 693
Grindings of wheat
thous bu
575 874
Stocks held by mills, end of period
4 314
thous sacks (100 Ib )
s 20 464
Exports
do
Prices, wholesale:
Spring, standard patent (Minneapolis)
$ per 100 Ib
5 784
Winter hard 95% patent (Kans City) do
5 464
1.91
1.73
1.87
4,180
1,956
' 6 325 v 6 255
' 5. 883 P 5. 701
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 lOOlb.Steers, stocker and feeder (Kansas City)__do
Calves vealers (Natl Stockyards 111 ) do
Flogs:
Slaughter (federally inspected) thous animals
Receipts at 26 public markets
. _ do Prices:
Wholesale, average, all grades (Chicago)
$per 100 lbIlog- 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 1001b__
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in) , inspected
Stocks (excluding lard), cold storage, end of
period
mil. lb_ _
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)
$ per Ib
Lamb 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 (Vew York) do
Lard:
Production inspected slaughter
mil Ib
Stocks, dry and cold storage end of period do
Exports
do
Price, wholesale, rofinod fChirn^n")
$ npr Ih
• Revised.
P Preliminary.
1
( ' r o p estimate for the year.
47
10
41
11
54
13
50
18
49
20
51
22
45
26
49
9
2
52
21
51
20
45
18
888
858
1 078
1 008
954
914
806
94?
1 074
1 117
1,177
1 183
1, 189
711
155
878
217
4
31
804
272
3
29
761
268
5
09
727
214
6
26
(346
179
3
867
151
4
22
26
961
206
7
24
955
234
6
25
959
'256
99
757
140
4
18
901
171
26
701
186
4
27
587
569
675
643
657
639
625
568
537
533
5529
56
562
604
652
561
. 577
577
. 557
580
.557
550
.568
.509
.625
497
p 578
512
1 696
' 100
158
1°9
70
6
114
69
15
171
144
77
18
1fiO
149
94
5
141
104
15
144
136
116
94
10
.143
134
73
16
. 164
149
64
8
157
70
15
. 148
163
78
19
.143
165
' 100
14
. 133
576
12
581
17
11 766
12 000
9 330
152
a 53
262
9 670
'234
55
298
540
532
1 772
62
3 251
153
159
T
. 169
. 150
2
3
1Q9
15
. 140
. 158
16
293
167
116
P. 138
Old crop only; new grain not 4reported until beginning of new crop year (July for wheat).
See note "O" for p. S-21.
Beginning March 1966, data are for receipts at 28 markets.
SURVEY OF CURRENT BUSINESS
March 1967
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1966
Annual
S-29
Jan.
Feb.
Mar.
Apr.
May
June
1967
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
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. lbTurkeys
do
Price, in Georgia producing area, live broilers
$perlb-_
7,998
8,811
589
522
554
605
617
733
722
902
931
958
888
790
682
409
284
539
397
468
312
436
267
'437
'275
401
246
315
200
436
267
'285
r 182
249
156
201
122
169
92
151
69
160
70
209
104
283
171
.145
.145
.155
.155
.165
.150
.160
.155
.155
.145
.140
.120
.125
.110
.125
.140
179 4
179.3
15 3
13 7
15 6
15 4
15 8
14 8
14.8
14.5
14.3
15.1
14.8
15.6
16.4
15.0
85
51
27
36
76
38
20
28
28
24
42
33
76
42
107
55
79
62
57
60
100
53
48
46
23
39
27
36
'64
37
54
41
.328
.401
.375
.412
.423
.385
.319
.325
.399
.417
.477
.430
.456
.399
.343
.311
Cocoa (cacao) beans:
Imports (incl shells)
thous. Ig. tons
Price, wholesale, Accra (New York)
$ per lb._
354 4
.172
319.3
. 246
41 9
.239
57 7
.221
46 6
.233
29 2
.259
33 5
.244
14 0
.248
20.3
.274
9.6
.270
10.3
.241
13.4
.240
15.9
.233
26.8
.249
.273
.305
Coffee (green):
Inventories (roasters', importers', dealers'), end
of period
thous. bagsd71
Roastings (green weight)
do
3 143
21 680
3, 141
21 300
21,290
5 742
22, 056
6,726
1,829
488
2,013
545
2,382
529
1,965
597
1,818
570
1,680
560
1,570
451
1,309
153
2,085
960
2,168
947
1,573
455
1,664
471
1, 979
560
.451
.414
1, 544
.440
120
.425
127
.420
130
.423
111
.413
101
.410
103
.406
75
.413
117
.410
182
403
171
.403
169
.398
••138
.388
146
.388
230
271
210
175
162
162
164
178
211
248
259
262
272
271
'253
224
472
40
442
' 1, 322
2,480
2,990
2,675
2,300
1,642
1,297
1,022
762
242
40
685
1,640
4 1 52
5, 796
1 966
4 042
6, 232
1,915
481
1,831
132
221
294
196
194
331
203
134
231
235
90
258
260
43
407
198
48
589
188
60
817
163
128
500
113
676
387
136
1,073
357
82
896
232
7
2,074
170
do
do
do
10 151
10 020
2,648
10 444
10, 297
2,594
682
673
2,738
783
777
2,600
831
817
2,519
750
739
2,514
837
825
2,300
976
967
1,982
1,038
1,028
1,670
1, 032
1,020
1,300
1,073
1,058
1,007
776
763
1,460
776
759
2,142
sh tons
i 2 359
3 006
76
62
1 765
155
123
75
131
86
' 111
84
184
88
thous sh tons
3 783
1 055
82
4,198
1 039
38
159
38
2
()
260
106
1
313
149
4
303
117
2
()
253
46
r 394
101
r
5
506
154
3
380
68
(2)
612
154
3
390
33
5
338
56
9
289
16
5
.068
.070
.068
.069
.068
.069
.069
.069
.070
.071
.071
.072
.071
.071
.071
.595
095
.620
096
.605
096
.611
098
.615
098
.616
095
.617
095
.617
095
.619
.095
.623
096
.618
097
.630
097
.632
.097
.636
p. 099
.633
130 358
132, 996
10, 447
9 352
14 677
13,778
11,948
10 649
8,446
9,681
13, 174
11,018
9,281
10, 545
266.2
266.3
265.2
242.6
262.1
270.8
232.8
307.7
276.8
260.5
265.9
' 264. 3
114.2
118.8
118.4
132.0
123.1
141.3
119.8
110.8
116.8
118.5
109.7
' 118.6
129. 8
254.5
238.1
271.8
233.9
253.0
269.9
240.9
248.1
219.3
219.9
237.6
' 259. 8
234.8
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-MISCELLANEOUS FOOD PRODUCTS
Imports, total
do
From Brazil
do
Price, wholesale, Santos, No. 4 (New York)
$perlb_Confectionery, manufacturers' sales
mil. $._
Fish:
Stocks, cold storage, end of period
mil. lb-Sugar:
Cuban stocks, raw, end of period
thous. Spanish tons_United States:
Deliveries and supply (raw basis) :§
Production and receipts:
Production
thous sh tons
Entries from off-shore, total 9
do
Hawaii and Puerto Rico
do
Deliveries total 9
For domestic consumption
Stocks, raw and ref. , end of period
Exports raw and refined
Imports:
Raw sugar total 9
Refined sugar, total
do
' 1, 434
Prices (New York) :
Raw, wholesale
$ per lb-Refined-.
Retail (incl. N.E. New Jersey)-.$ per 5 lb._
Tea, imports
thous Ib
Raking or frying fats (incl. shortening):
Production
mil. Ib . 2,792 5 3, 181. 2
Stocks (producers' and warehouse) , end of period
mil. lb-_
118.6
116.6
Salad or cooking oils:
Production
. . _ _.
__ _do - 2, 773. 1 2, 946. 8
Stocks (producers' and warehouse), end of period
83.4
mil. Ib...
85.9
Margarine:
Production
do
1 904 4 2, 109. 7
Stocks (producers' and warehouse), end of period
53. 2
41.6
mil. lb-.
Price, wholesale (colored; mfr. to wholesaler or
.261
large retailer; delivered)
$ per lb._
. 266
3 189
5 571
3,343
5,119
3 468
5 185
3,141
5 425
889
871
' 2, 594 p 2, 707
259.8
87.5
98.9
87.9
79.0
96.2
104.8
81.4
85.8
89.1
60.6
67.6
82.2
185.5
172 7
188.5
163.6
164.3
159 5
147.9
178.1
173.4
190.0
193.3
44.0
48.4
58.5
56.0
56.4
57.5
58.1
55.9
57.5
59.9
54.8
' 53. 2
.261
.261
.261
.261
.261
.261
.261
.266
.274
.273
.273
.273
p .273
47.7
35.4
47.6
44.7
45.4
36.5
40.8
34.6
49.3
42.9
45.8
43.4
41.3
39.8
49.4
55.6
45.5
47.5
47.9
42,7
55.0
47.7
51.0
' 40.0
51.0
35.5
36.8
36.6
40.8
41.0
49.6
51.0
50.0
45.5
40.3
43.3
43.0
50.9
62.9
366.7
196.7
346.1
190.5
370.6
208.2
338. 5
188.3
366.0
208.2
378.0
225.6
346.0
165.7
375. 7
219. 1
389.8
215.3
380.0
210.8
398.8
203.3
* 410. 7
r 207. 9
399.4
210. 2
435.2
446.5
410.2
414.0
357.4
352.2
382. 1
393.9
417.1
422.8
430.9
' 447. 4
506. 2
.5
5.4
.3
7.0
.5
7.0
5.4
6.6
18.9
7.3
35.4
7.4
28.6
5.3
21.8
6.6
20.4
6.7
8.7
5.2
16.5
6.5
' 1. 1
'5.8
1.4
6.2
137.4
135. 5
138.6
138.4
151.0
166.7
180.4
172.1
183.9
' 158.5
1 53. 7
'83.4
r 192.
9
.072
202. 3
50.2
FATS> OILS, AND RELATED PRODUCTS
Animal and fish fats:A
Tallow, edible:
566.7
Production (quantities rendered)
mil. lb— r 530.1
416.8
Consumption in end products _ _
_do __.
510.8
Stocks (factory and warehouse) , end of period
31.1
50.9
mil. lb._
Tallow and grease (except wool), inedible:
4, 302. 5 4, 466. 9
Production (quantities rendered)
do
' 2, 210. 5 2, 439. 6
Consumption in end products
do
Stocks (factory and warehouse) , end of period
447.4
mil. lb— M13.8
Fish and marine mammaloils:
164.1
190.2
Production
do
' 79. 3
76.8
Consumption in end products
do
Stocks (factory and warehouse), end of period
185.3
158.5
mil. lb..
'Revised, p Preliminary. J See note "O" for p. S-21.
OCases of 30 dozen. d"Bags of 132.276 lb.
2
168.1
158.8
Less than 500 short tons.
r
§Monthly data reflect cumulative revisions for prior periods.
9 Includes data not
shown separately; see also note "§".
AFor data on lard, see p. S-28.
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
1 1966
Feb.
Jan.
Annual
March 1967
Mar.
Apr.
June
May
1967
Aug.
July
Nov.
Oct.
Sept,
Dec.
Jan.
(<)
(d)
Feb.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS- Continued
i
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 ware-
(d)
AR n
61.5
32.4
36.3
70.2
41.9
43 0
57.0
38.4
45 9
67.1
33.2
51 9
70.5
<*)
50 2
67.4
O
43 3
60.2
r 41 9
74.7
'60.0
47 6
65-8
176.5
155.1
in d
143.8
31 3
147. 2
50 3
149.5
10 3
190.7
51 6
189,0
39 3
187.4
24 2
178.7
31 3
195.6
9 3
187.1
34.3
40.5
30.0
32.2
31.7
38.0
28 8
25.4
37.1
32 7
30.3
40.0
33 9
29.6
37.5
25 4
30.9
38,2
37 9
36.0
35.9
38 2
38,7
39.5
34 9
35.8
36.1
36 0
33.4
34.1
33 6
'34,0
34.3
34 0
34.2
30.3
29.6
34.8
40.2 I
52.5
60.4
63.2
59.1
55.4
54.6
55. 2
'53.5
46.9
334.4
94.6
305.4
115.0
287.6
156.7
197.4
189.6
157.3
212. 5
109.3
170, 1
72.2
70 8
99. 5
101.2
237.7
89,6
259.9
249.2
241 . 3
232.6
1, 674. 6
1 511 1 181 4
1, 263. 1
131.0
214.7
166.4
125.4
202.4
204 2
132.0
139.2
147.6
112.1
113.4
130.8
104. 7
81.1
106.3
106. 2
00. fl
61.2
92.8
55 :.
40 .
67.7
57.0
$*> 4
165.6
101.0
86.6
183.1
137.6
92.7
' 175- 1
' 162. 4
'95.1
170.1
128.7
83.9
381.8
184.0
178
335.6
49.8
366.3
30.0
168
396.0
37.7
171
408.9
10.8
178
391.9
11.8
185
343.6
17,0
192
300,8
3.9
194
232. 8
2.9
1 A/1
9Q2
201. 8
2.8
181
246. 2
6.4
.165
309.4 ' 381. 8
5.7
5.2
.169
.165
p .151
410.1
' 227, 2
454.2
226. 9
37.5
17.3
38.1
16. 8
43,1
21. 3
36.4
20. 0
40.9
45.2
15.9
38.5
44.1
45.4
213.5
.134
208.4
.128
216.9
.128
225.6
.128
225.9
.128
237.7
,128
260.1
,128
240.8
.128
212.5
.128
177.2
.128
188.6
.126
207.8
.126
1 163 8 1 042 7 1 142 8 1 010 1 1 157 1 1 040 1
159.4
165.5
122.8
134.2
113.7
105,0
969.9
198.9
944 0
130. 5
824 1 1 039 6 1 147.1 1,133.1 1,158.4
120.0
129.0
133.6
130.0
111.4
27.6
47. 8
65.6
21.2
569,6
784.0
59.1
70.7
154.4
383. 6
195.6
131.7
146.3
SQ7 fi
446.6
35.4
on o
* 422. 9
388.0
26 1
53.5
2,382.4
94.2
r
445. 9
Cottonseed cake and meal:
Production
thous, sh. tons.. 2,756. 3
80.9
Stocks (at oil mills) , end of period
do
Cottonseed oil:
Production:
Crude
mil lh._ 1,974.2
1 668 8
1, 471. 7
Consumption in end products.
...do
Stocks, crude and refined (factory and ware300.1
house), end of period
mil. lb__
,501.3
E xports (crude and refined)
do
Price, wholesale (drums; N.Y.)
.$ per lb._
Linseed oil:
Production, crude (raw)
mil. lb_.
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of period
mil. lb-_
Price, wholesale (Minneapolis)
_ _ _ $ per lb__
Soybean cake and meal:
Production
thous. sh. tons,.
19 C1 A A
xo 7
1} 9
75 4
120.0
5, 235. 5
4, 547. 3
'4,437.6
5, 820. 2
5, 152. 0
5, 200. 5
533.2
453.5
415.8
374.8
1 , 026. 7
.134
510.9
414.8
444.2
.140
.142
2 1 855
2 i g47
c sg2
5 353
551, 162
179, 336
millions.. 44, 236 46,112
511,463 522, 532
do
' 7, 578 7, 076
do.
23, 453
23, 052
millions..
Soybean oil:
Production:
Crude
mil. lb._
Refined
do
Consumption in end products
do —
Stocks, crude and refined (factory and warehouse), end of period_,_
mil. lb_~
Exports (crude and refined)
do —
Price, wholesale (refined; N.Y.)
$ per lb._
24.7
365. 4
488.1
723. 5
S7 9
ox 7
E9 1
rt q
99.1
39.0
1 % ft
30.1
436.2
r 1<i 7
33.2
15 0
218.0 '208.4
.128
.128
205.8
v .128
537.8
•ICA Q
480.8
382.1
431.9
452.3
451. 8
359 7
391.5
43fi. 9
466. 5
476.6
4.1S n
409.5
449.6
410.4
482.1
411 5
419.0
521.9 ' 512. 3
427 0 r 465 3
434.8 '465.7
529.6
454 g
448.7
485. 9
521.9
.139
598.2
55 1
.147
.164
462.0
78 5
.142
457.7
30 4
.132
488.0 ' 510. 9
97 8
48 6
.131
.133
565.2
.136
589.9
64 6
.132
511.1
.144
582.3
47 2
.138
31.970
15,245
29, 525
14, 495
5 479
39, 285
13, 523
23,191
16, 413
23, 134
13,838
5,104
28, 350
15, 107
44, 201
13, 877
56, 952
16, 427
5 142
64, 487
16, 043
67, 577
16, 427
70, 182
14, 812
5,353
72, 308
13, 129
4,088
39, 348
571
1,515
3,524
42, 985
525
2,019
4,577
47, 053
^631
2,190
4,040
39, 582
571
2,414
3,954
45, 221
682
1,926
3,771
48, 552
579
1,663
3,625
37, 925
507
2, 136
3,863
50,707
6Vt
2,117
3,475
46, 371
626
1,938
3,827
43, 484
645
2,021
3,819
43, 225
664
1,941
3,549
38, 079
424
1,573
478.4
4.9 1
526. 3
AK a
•jo 9
A"3(\ O
X0K Q
dft9 1
Q7 1
j
9 .127
TOBACCO
Leaf:
Stocks, dealers' and manufacturers' end of period:
Exports incl scrap and stems
Imports in cl. scrap and stems
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
Cigars (large), taxable
_~Exports, cigarettes
-
thous. lb__ 468, 075
243, 347
do
i
j
3,406
41, 319
537
LEATHER AND PRODUCTS
HIDES AND SKINS
I
Exports:
Value, total 9
thous. $..
Calf and kip skins
thous. skins .
Cattle fiides
thous. hides. _
Imports:
Value total 9
thous $
Sheep and larnb skins
thous. pieces. .
Prices, wholesale, f.o.b. shipping point:
Calfskins, packer, heavy, 9H/15 Ib
Hides, steer, heavy, native, over 53 Ib
$ per lb_.
do
106, 253
2,458
13,311
155, 623
2,582
14, 307
qoft
1fi ^19
183
157
199
1 OQ7
12 662
259
1 176
10 787
330
12 306
221
15 636
295
12 075
196
10 412
241
935
1 108
1 698
1 210
80, 263
31,850
14 411
88,995
36,998
10 331
5,195
1,231
1 130
6,787
2,841
794
11,052
5,548
1,142
9,500
4,541
856
8,724
3,741
883
8,602
3,709
765
7. 177
2,870
861
9,033
3,508
1,484
8,456
3,810
681
5,028
1,840
767
4,794
1,703
604
4,647
1,656
364
. 541
. 143
, 601
ft"lK
67K
9QQ
650
209
5ne
1514
565
179
525
169
475
144
475
149
550
129
»o<5
443
3^6
350
397
808
2, 624
933
902
4 945
4 65^
114.5
LEATHER
Production:
4, 720
6,263
Calf and whole kip
thous. skins,..
23, 838
Cattle hide and side kip
thous. hides and kips.. . 23, 436
Goat and kid
thous. skins . 14, 557
29, 302
30, 316
Sheep and lamb
_ do
Exports:
Glove ind garment leather
thous so ft > 369,953
65, 704
Upper and lining leather
do_ _
Prices, wholesale, f.o.b. tannery:
dr>I«i 1-ionrlo HrrVit
inflpY 10^7 *iQ 1(10
101 9 i 114 5
Upper, chrome calf, B and C grades
105. 5
99.5
index, 1957-59 = 100-.
r
d
Revised.
» Preliminary.
Data withheld to avoid disclosure
individual
firms.
5
Average for 11 months. 2 Crop estimate for the year.
H
77K
ooft
1,965
1, 927
2, 149
2,044
2,550
2,654
2,887
2,625
•t JOC
1 9*v7
•y If. A
108 2
124.0
102. 4
of operations of
118.7
375
2,026
1 273
2,720
ARK
2,049
1 349
2,649
1, 652
913
1,977
C 07 K
5
4
122, 2
119.4
£CQ
K(iA
119.4
118.0
341
1 Q9^
948
QR(-)
913
1 960
4 527
4 461
4 796
106.7
105.3
103.2
2
p .500
v ,134
103.2
103 2
ino 9
1 fs7 9
1 AS ft
107
103 2
96 3
108 0
Effective Jan. 1965, data are for all leather, except sole and rough; see note "O" for p. S-21.
t Re visions for 2d qtr. 1963-4th qtr. 1964 (rail. Ib.): 4,692; 4,791; 5,287; 5,355; 4,964; 5,071; 5,666.
9 Includes data for items not shown separately.
1fl7 R
3
fi j
JQ7 2
SURVEY OF CURRENT BUSINESS
March 1967
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1966
Jan.
Annual
S-31
Mar.
Feb.
Apr.
June
May
1967
July
Aug.
Sept.
Oct.
Nov.
Dec.
50, 802
48, 441
Jan.
Feb.
LEATHER AND PRODUCTS—Continued
LEATHER
MANUFACTURES
Shoes and slippers: J
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.. .index, 1957-59=100-Women's oxfords, elk side upper, Goodyear
welt
- index, 1957-59=100
Women's pumps, low-medium quality
do
r
r
630, 012
646, 327
52, 514
53, 015
61,821
53, 145
54, 319
54,685
45. 569
61, 358
55, 201
54, 898
535, Oil
85, 938
6,712
2,351
535, 936
100, 955
6,598
2,838
46, 254
5,494
558
208
45, 943
6,318
589
165
51,978
9,007
606
230
43,706
8,606
605
228
44, 473
9,057
576
213
44, 841
9,022
561
261
38, 345
6,686
323
215
50, 289
10, 261
576
232
44, 367
10, 074
528
232
43, 251 ' 40, 220 41 458
10,786 »• 9,r 494
6,178
530
548
555
r
273
331
250
i 2 533
2,737
186
167
274
260
283
272
210
200
227
246
230
182
111.0
120.9
116.5
116.5
116.5
119.2
122.3
122.3
122.3
122.3
122.3
123.5
123.5
123. 5
123.5
107 3
113.0
111.0
121.2
109.7
118.3
109.7
119.3
109.7
119.3
1J1.4
121.2
111.4
121.3
111.4
121.2
111.4
122.0
111.4
122.4
111.4
122.5
111.4
122.3
111.4
122.7
111 4
122.4
111.4
122.9
LUMBER AND PRODUCTS
LUMBER— ALL TYPES
National Forest Products Association:^
Production, total
mil bd ft
Hardwoods
do
Softwoods
_ - do
36 895
7 655
29, 240
36 128
7,489
28,639
2 764
580
2,184
2 879
557
2,322
3 410
652
2 758
3 211
660
2,551
3 242
625
2,617
3,265
664
2,601
2 858
631
2 227
3 241
678
2,563
3,132
665
2,467
2,942
642
2,300
2 678
611
2,067
2 506
524
1,982
2 356
554
1,982
37, 749
8,226
29 253
36, 482
7,923
28 559
3 013
692
2 321
3 012
682
2 330
3 472
685
2 787
3,462
689
2,773
3 395
684
2,711
3,159
670
2,489
2 910
620
2 290
3,171
665
2 506
2,880
660
2,220
2,792
647
2,145
2,638
642
1 996
2,578
587
1 991
2,577
650
1,927
do
do
..do -
5 704
1 156
4,548
5 775
1,127
4,648
5 615
1 120
4 495
5 524
1 061
4,463
5 492
1 061
4 431
5 323
1,055
4,268
5,150
1,000
4,150
5,263
1,014
4,249
5 172
1 043
4,129
5 228
1,069
4,159
5 492
1,102
4,390
5, 720
1,118
4,602
5 787
1,132
4,655
5 775
1,127
4,648
5 810
1,106
4,704
- do
do
1
962
5 163
1,009
5 120
70
345
77
415
74
514
99
462
98
518
98
550
82
469
88
507
86
378
93
339
75
318
70
307
mil. bd. ft
do
9 271
621
8 249
486
723
738
691
728
1 038
923
817
906
606
652
688
614
566
537
612
419
625
424
581
394
621
422
681
486
678
568
. ___do
do
do
9 234
9 257
1 054
8 428
8 618
1 026
73?
840
1 063
751
701
1 113
843
843
1 113
782
835
1,084
794
860
1,027
750
726
1 052
633
643
985
716
729
972
880
620
1, 032
627
611
1,117
580
593
1,103
540
617
1,026
613
596
1,057
i 445
i in
i ^34
401
110
990
31
10
21
27
11
15
32
9
93
46
11
35
49
12
37
39
9
29
33
9
24
32
6
26
30
8
22
36
10
26
26
10
16
22
4
17
82 16
85 62
83 56
83 69
88 16
92 64
93 04
88 25
85 25
86.01
84 60
82 56
79 69
156 85
165 87
157 63
158 64
161 61
166 84
166 84
167 43
167 43
167 43
168 04
169 20
169 69
6 934
366
6 430
274
569
418
514
420
761
503
578
469
533
415
585
400
492
378
534
350
491
313
470
294
469
277
434
274
487
288
Production
do
6 574
Shipments. do
6 849
Stocks (gross), mill and concentration yards, end
of period
mil. bd ft
1 087
Exports, total sawmill products
M bd ft i 100 581
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1957-59-100
94 3
Flooring, B and better, F. G., 1" x 4", S. L.
97 i
1957-59—100
6 665
6 522
509
517
513
512
625
678
568
612
578
587
622
600
520
514
582
562
567
528
545
489
528
486
508
437
514
473
1 230
99 202
1 079
10 106
1 080
7 885
1 027
ll' 944
983
6 927
974
10 078
996
8 991
1 002
6*903
1 022
8 897
1 061
7 364
1,117
7 264
1 159
5 688
1,230
7 855
1,271
105 1
99 8
101 2
102 2
106 0
107 5
107 3
107 1
107 8
107 8
107 6
104 2
102 4
100.9
106 2
100 8
102 5
102 7
107 9
107 9
107.4
106 9
108 1
108 6
107 9
107 7
107 2
106. 1
10 400
535
10 400
427
834
627
845
596
1 096
730
9739
68
820
535
867
506
906
506
920
461
807
415
800
384
751
402
781
427
732
476
10 251
10 3989
1 73
10 442
10 508
l' 666
681
742
1 671
784
876
1 579
982
962
1 599
910
1 021
1 488
960
96S
1 480
942
896
1 526
852
906
1 472
977
964
1 485
969
854
1 600
884
831
1 653
747
733
1 667
754
755
1,666
652
683
1,635
67 42
69 39
63 45
65 83
68 19
71 46
82 40
79 06
70 69
68 74
67 69
66 28
64 87
31 2
111
29 0
30 2
31
31 9
16 3
25 l
26 7
18
3
12
2
2
3
0
0
3
2
1
9 6
13 1
3
14
2
2
3
°
1
3
4
5
39
15 8
19
2.3
3 0
2
16
2
2
2
3
0
0
4
8
2 8
16 4
2 2
2.4
2 5
3 0
17 3
18
2.3
2 1
2 5
17 g
2 3
2.5
1 8
2 1
17 3
2 0
19
2 0
13
169 2
2
2.5
1 7
2.6
16 7
2.2
2.0
1.7
1 8
16 3
2.1
2.0
1.8
1.7
16 2
1.9
1.9
1.9
818 4
64 3
778 7
783 3
35 4
618 1
78
80
61
61
35
0
5
4
7
0
60
85
57
56
34
77
91
65
66
31
2
6
5
1
7
59 0
89 3
60 6
63. 5
30 5
51
78
62
60
30
0
7
1
7
7
50 2
62 0
66.0
65.9
29 0
40 6
52 1
54 9
50.4
33 5
46 3
40 7
65 6
58.7
39 9
40
31
56
51
44
35
9
9
64
50 6
40.9
52 6
38 5
25 4
44.3
40.3
55 6
40 2
26 0
41.6
38.4
58 3
45.9
26 7
44.0
45.2
57 1
Shipments, total
Hardwoods
Softwoods
_ __
do
- ~ do
do
_
Stocks (gross) , mill, end of period, total
Hardwoods
_
Softwoods
__
Exports, total sawmill products.
Imports, total sawmill products
SOFTWOODS
Douglas fir:
Orders, new _ _ _ .
Orders, unfilled, end of period
-
-__
Production
_ ..
_ _ _
Shipments
Stocks (gross) , mill, end of period
Exports, total sawmill products
do
Sawed timber
__
do
Boards, planks, scantlings etc
do
Prices, wholesale:
Dimension, construction, dried, 1" x 4", R. L.
$ per M bd ft
Flooring, C and better, F. G., 1" x 4", R. L.
$ per M bd ft
Southern pine:
Orders, new _ . _ _
Orders, unfilled, end of period
mil. bd. ft
do
Western pine:
Orders, new _ ..
Orders, unfilled, end of period
mil bd ft
do
Production
do
Shipments
do
Stocks (gross) , mill, end of period
do
Price, wholesale, Ponderosa, boards, No. 3, I" x
12", R. L. (6' and over)
$ per M bd ft
T
79.96 p 80. 96
169 69 »169.20
r
64 01
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new
Orders unfilled end of period
Production
Shipments
Stocks (gross), mill, end of period
Oak:
Orders, new
Orders unfilled end of period
Production
Shipments
.
_
Stocks (gross) mill end of period
r
1
mil bd ft
do
do
do
do
do
do
do
do
do
9g 0
685 6
654 4
58 3
9 1
1 7
3 4
Revised.
» Preliminary.
See note "O" for p. 8-21.
t Revisions for Jan.-Oct. 1964 are shown in Bu. of the Census report M31A(64)-13.
cf Formerly National Lumber Manufacturers Association.
7
3
0
0
4
6
4
1
6
4
FOOTNOTE FOR RAW STEEL, P. S-32.
AEffective Jan. 1967, the term raw steel has been substituted for ingots and steel for castings;
raw steel is defined as steel in the first solid state after melting, suitable for further processing
or sale, including ingots, steel castings, and continuous- or pressure-cast blooms, billets,
slabs, or other product forms. Current data for raw steel are comparable with the ingots
series.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1.9 66
1 1966
Annual
March 1961
Jan.
Feb.
Mar.
Apr.
May
June
19 67
Oct.
Aug.
Sept.
116
532
m
126
454
(2)
106
667
2
139
647
1
1 082
1 090
1 089
23
208
July
Nov.
Dec.
Jan
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
1
2
1
496
6 170
J
28
1 724
5 857
10 383
235
916
10 753
174
347
1
12
668
21
38
464
1 252
159
342
2
143
440
1
126
429
2
538
15
62
776
Ql
32
715
146
88
919
17
137
1 014
247
267
980
272
305
8,542
4 959
3 583
8 485
7 357
8,052
4 760
3 292
7 945
7 471
8
4
3
8
7
214
910
304
231
491
158
419
(2)
142
607
(2}
24
174
23
95
7 783
4 734
3 049
1 797
7 483
7 022
4 380
9 g41
6 795
7 709
7,763
4,714
3 049
7 498
7,982
19
104
151
501
184
472
3
205
940
36
104
1 151
770
782
28
166
43
(2)
Iron and Steel Scrap
Scrap for consumption, total
thous. sh. tons_
Home scrap produced
.__
_
_ do
Purchased scrap received (net)
do
Consumption, total- _
.
_
do
Stocks, consumers', end of period-- _ do
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
_ _ _ $ p e r l g . ton
Pittsburgh district
do
90, 534
55, 214
35 320
90, 360
7
4
9
7
7
7,638
134
175
959
455
322
7
4
2
7
7
33.36
35 00
29 95
31 00
32 36
33 50
32 89
36 00
33 32
36 50
30 02
33 50
28 71
32 75
28 40
30 50
29 54
31 00
29.54
29.50
28.84
28 00
29.18
27 00
28.64
27 00
'27.88
27.00
Iron ore (operations in all U.S. districts):
Mine production
thous. Ig. tons
Shipments from mines
.
do
Imports
do
87 420
85, 801
45 105
46 259
4 712
1 882
1 898
4 497
1 751
1 489
5 038
2 057
2 919
6 892
6 958
3 432
9 992
11 655
3 502
10 784
11 953
5 154
10 348
12 364
4 004
10 125
11,322
5 677
9 826
11, 144
5 383
8,229
9,883
5 532
5,176
6,769
5,158
2,811
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
do
Consumption at iron and steel plants
_do_
Exports
do
Stocks, total, end of period
do
At mines
do
At furnace yards
do
At U S docks
do
125, 143
i 7, 085
68, 781
12 290
53 997
2 494
3 069
9 595
3 232
9 499
3 976
11 127
8 841
10 897
15 470
10, 562
11,490
10, 257
408
466
866
295
305
56 881
20 847
34 144
1 890
54 613
°0 781
32 088
1 744
491
658
048
673
14 628
10 758
396
593
15 370
10 941
275
19 us
35 859
1 703
60 018
17 949
40 278
1 791
p 27. 98
"27.50
Ore
M anganese (mn . content) , general imports
do
121,964
128 225
127, 694
7 779
54 658
2 707
65
15
47
2
209
120
601
488
61
17
41
?
15
11
1
56
829
62
15
44
2
501
6,691
10, 275
367
3,400
10, 203
71, 755
12 026
57 010
2 719
71, 494
10 434
58, 242
2 818
54,658
2,707
47, 843
2,644
15 424
10, 941
922
14, 613
11, 184
778
357
933
148
276
66, 009
14 736
49 056
2 217
69, 452
13 431
53 539
2 482
813
848
1,272
1 293
117
92
76
83
109
139
128
142
97
138
82
97
88,173
88, 945
91 509
6 910
7 024
6 834
6 956
7 937
8 052
7 853
7 849
8 241
8 299
7 837
7 842
7 659
7 596
7,645
7,734
7 732
8,044
7 470
7,350
7,374
2 935
o igQ
2 091
9 135
2 179
2 277
9 454
2 452
62 75
63 00
63 50
62 75
63 00
63 50
62 75
63 00
63 50
62 75
63 00
63 50
62 75
63 00
63 50
62 75
63 00
63 50
62 75
63.00
63 50
62. 75
63.00
63.50
62 75
63.00
63 50
62.75
63.00
63 50
62. 75
63.00
63.50
62.75
63.00
63.50
62.75
"63.00
p 63. 50
1 004
1 378
*801
953
1 390
793
1 000
1 405
1 036
1 119
1,022
1 327
819
669
784
1 034
1 344
'768
962
'964
1 Ol9
1 346 ' 1
268 1,210
r
663
711
757
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons
Consumption
_
-do
Stocks (consumers' and suppliers'), end of period
thous sh tons
Prices:
Composite
$ per Ig. ton
Basic (furnace)
do
Foundry, No. 2 Northern
do
Castings, gray iron:
Orders, unfilled, for sale, end of period
thous. sh. tons
Shipments total
do
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of period
thous sh tons
Shipments total
do
For sale
do
2 329
62.75
63.00
63.50
882
15 713
9,171
174
1,136
648
62 75
63 00
63 50
962
916
977
975
15 712
8 922
1 227
1 229
1 469
661
671
825
182
174
97
55
187
112
67
194
97
688
176
98
56
187
97
59
186
99
62
196
73
46
198
88
53
209
95
60
134 072
138.0
10 577
128.2
10 249
137. 5
12 083
146 5
11 569
144.9
12 191
147.8
11 403
142.8
} 0, 791
130. 8
11,097
134.5
591
443
175
145
452
168
137
525
209
173
582
184
152
629
190
158
620
201
168
644
138
114
8 174
8 "1
334
596
829
152
8 033
7 179
318
582
815
158
278
548
758
149
312
582
797
142
1 391
830
301
179
886
344
559
3 907
894
1 455
1 324
9
3 01
2 613
842
756
1,307
1,114
1,289
10 9
5.9
5 8
5 0
10 6
10 9
5.6
4.7
5.7
59
5 0
4 4
4 9
1 133
9
1C)
96
58
193
92
59
11,280
141.3
11,509
139.5
10,887
136.4
655
174
147
633
182
154
626
179
149
7 788
7 718
314
570
781
148
1 162
1 264
719
292
143
859
279
534
772
304
177
864
317
558
62.75
182
89
56
Steel, Raw, Semifinished, and Finished
Steel (raw): A
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
For sale, total
do
Steel forgings (for sale) :
Orders, unfilled, end of period
do
Shipments total
do
Closed die (drop upset press)
do
3131,462
135.3
436
1,961
1,570
2 155
1,792
92
4
6
9
1
666
528
798
764
523
89 995
3 806
6 764
9 103
1,776
6 602
6 734
8 282
335
536
675
146
301
490
684
140
349
609
838
165
324
600
819
155
P>ars and tool steel total
Bars' Hot rolled (incl light shapes)
Reinforcing
Cold
finished
Pipe and tubing
Wire and wire products
Tin mill products
do
do
do
do
do
do
do
14 488
9* 344
3 150
1 877
8 689
3 484
6 659
36 733
10 630
16* 571
14 523
9' 126
3^276
1 999
9,233
3 495
5 828
35 468
10 137
15, 972
1 013
1 041
1 984
1 279
649
207
147
604
681
208
143
712
239
390
818
281
173
887
318
527
797
297
175
874
327
535
2 737
3 305
3 260
19 9
68 7
67 0
4 5
8 5
7 9
.0837
r
2
9
56
389
o 555
751
790
948
919
1 243
1 263
1, 513
1,494
10 1
65.0
67 9
P5 o
I9
4
5
4
0
9
8
9
11 3
10 9
5. 9
6 3
4 7
10 8
5 6
4 7
9 g
9 2
.0844
9 1
7 8
.0839
9 5
8 1
.0839
9 2
8 3
.0839
4.9
Revised.
v Preliminary.
1 See note "O" for p. S-21.
3
Less than 500 tons.
Revised total; monthly revisions are not available.
ASee similar note at bottom of p. S-31.
1 Beginning Jan. 1964, the composite reflects substantial changes in products and weights
591
179
148
7,495
321
572
752
141
7, 239
346
539
708
141
6,846
364
543
667
144
7, 292
348
534
701
137
1 268
1,261
3 046
3 064
1,338
1,396
1 239
780
276
172
640
256
402
2 968
848
1,356
1,148
746
235
157
587
241
427
2,724
781
1,240
1,142
741
219
170
801
247
555
2,827
799
1,299
11 2
11 0
10 6
59
51
6 0
5 0
10 4
5.3
5 4
51
'10.1
'5.0
5.3
p5.0
p 10.1
"5.3
"5.3
589
do
do
do
do
do
Service centers (warehouses)
do
Producing mills:
In process (ingots semifinished etc )
do
Finished (sheets plates bars pipe etc ) do
Steel (carbon), finished, composite pricel. .$ per l b _ _
147
619
' 176
2 045
1 592
Steel products, net shipments:
Total (all grades)
Semifinished products
Structural shapes (heavy) steel piling
Plates
Rails and accessories
Sheets- Hot rolled
do
Cold rolled
do
Steel mill products, inventories, end of period:
Consumers' (manufacturers only) mil sh tons
Receipts during period
do
r
10, 435 ' 10,633 plO, 019
126.5 ' 128. 9 p 134. 5
5.9
6 0
4 7
80
313
180
900
334
582
9
9 959
833
797
289
173
776
305
510
904
5.7
798
275
177
665
289
432
896
5.6
5 0
"9.9
'9.8
9 8
"9. 1
'9.2
88
8.0
.0848
.0848
.0848
.0848
.0843
used and is not comparable with earlier periods. The new composite price is based on AISI
net shipments of carbon steel and is the average price of all finished carbon steel products
(except rails and wire products) weighted by tonnage. Prices used are base prices at Pittsburgh; the average includes an additional 25% for "extra" charges but does not include freight.
9 0
8 2
.0839
9 0
81
.0843
9 5
81
.0842
9 8
9 6
83
'. 0847
9 7
8 4
'. 0848
9 9
86
'. 0848
SURVEY OF CURRENT BUSINESS
Uarch 1967
Jnless otherwise stated, statistics through 1964
and descriotive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1965
S-33
1966
Annual
Jan.
Feb.
Mar.
May
Apr.
June
1967
July
Aug.
Sept.
Oct.
301
393
3 282
390
414
3 219
Nov.
Dec.
Jan.
345
374
3 141
307
341
3 251
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
Barrels and drums, steel, heavy types (for sale) :
Orders, unfilled, end of period
thous_Shipments
_
_
-do .
Cans (tinplate), shipments (metal consumed),
total for sale and own use
thous. sh. tons
5,059
4,664
3 141
423
339
3 222
456
345
3 273
538
440
3 347
504
407
3 382
1,930
2 017
2 455
2,592
333
340
427
247.3
59 0
223.5
58 0
25 2
7 3
19 0
74.8
.2450
78 3
.2450
8, 025. 5
5 688.2
2, 618. 6
1, 409.0
8, 670. 0
6, 466. 9
2, 940. 1
1,639.6
638 6
489 6
219 0
* 137 2
1,351.7
1,711.8
1,335.7
376 1
429 4
1,421.2
1,711.0
1,353.1
357. 9
472 0
118.2
127 7
99.8
27 9
37 8
523.8
137 4
596.7
162 7
i 422. 1
334. 7
i 325 0
273 1
2, 042. 6 2, 370. 5
4 868
4 321
3. 151
1,226
24, 132
2 4,863
3
5, 145
474
386
3 609
366
422
3 365
427
349
3 466
431
413
3 435
420
444
478
483
566
249.0
72 0
240.7
70 0
252.3
69 0
245.0
66 0
252.8
61.0
51.9
8 3
12 8
57 7
12 1
17 4
54.5
9.9
10 7
52.5
10.7
13 0
51.7
12 7
15 7
71 8
.2450
64 8
. 2450
60.3
.2450
67 7
.2450
715
512
236
140
802
592
267
149
8
5
8
5
730.1
552 5
253.7
135.6
107.1
127 2
101. 7
25 6
29 6
>• 123. 5
148 6
120.4
28 2
42 3
120.7
137.9
111.8
26 1
43 5
35.0
11 6
41.1
9 8
45.2
13 1
25 7
OQ 4
189.6
27 4
18 4
197.4
178 3
114 5
.3613
204 8
132 8
.3604
2
518
405
239.8
69.0
245.9
71.0
37.2
11.7
13 2
40.5
12.0
13.1
39.6
9.5
16.4
63 1
.2450
70 0
.2450
61.9
.2450
62.2
.2450
r
761.9
585 5
274.8
131.0
774 5
F94 1
275 0
133 1
649
520
241
102
1
1
1
8
762.0
570. 1
259.4
140.2
126. 4
144.8
117.1
27.7
47 4
121.6
152 9
118.2
34 8
43 7
107.1
136 0
106.6
29 4
41 6
43.0
10 0
50.1
13 0
33.0
7 3
45 7
38 0
219.5
35.3
30 9
202.7
31.5
27 5
188.3
205 7
132 5
.3612
183.8
124 3
.3615
181 8
124 5
.3603
404
382
3 234
r
359
404
* 258. 4
76 0
251.0
262.1
36.6
81
18 7
33.6
10 0
16 5
40 7
6 8
21 8
65.8
.2450
66 8
.2450
74 8
.2450
743.1
549.8
248.8
146.0
706.2
523 4
231.7
147.3
r 685 5
r 495 2
r 216 7
142 1
700
489
215
134
114.9
135.0
107.9
27. 1
40 8
116.6
151.0
116.9
34.2
37.6
124.4
139.6
106.3
33.3
34.9
120.2
149 2
117.6
31 6
37 9
120.4
161 1
129.0
32 1
35 7
123.3
148 9
122.3
26 6
40 9
54.1
98
41.6
7 4
54.6
9.2
55.5
18.5
75.2
28 0
57.5
23 6
42.4
20 3
23 7
21 2
211. 0
39.4
34 0
133.4
33.5
26 3
205.2
21.6
17.5
211.6
21.9
14 0
18.3
10 3
212.3 * 210. 2
14 9
10 3
P189. 3
21 7
15 7
p 209.0
212 6
153 8
.3593
250.3
193 6
.3602
254.8
204 2
.3596
254.5
195.2
.3609
227.7 P 214 2
180.0 P 155 1
.3633
.3699
r
240
r
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons.. 2, 754. 5 2, 967. 9
Recovery from scrap (aluminum content) _.do^
3 769. 0
Imports (general) :
Metal and alloys, crude
do
521.8
527.3
Plates, sheets, etc
- -do _
119.1
65 4
Exports metal and alloys, crude
do
* 203 6
188 2
Stocks, primary (at reduction plants), end of
period
thous. sh. tons
Price, primary ingot, 99.5% min
$ perlb_.
Aluminum shipments:
Ingot and mill products (net) _ . . . _ mil. Ib
Mill products, total
do
Plate and sheet (excl. foil)
do
Castings
- - _
. . . --do
Copper:
Production:
Mine, recoverable copper
thous. sh. tonsRefinery, primary
...
-do_ _
From domestic ores
do
From foreign ores
_
_do
Secondary recovered as refined
do
Imports (general):
Refined, unrefined, scrap (copper cont.).. do
Refined
do
Exports:
Refined and scrap...
.
- _ -doRefined
do
Consumption, refined (by mills, etc.)
do
Stocks, refined, end of period
Fabricators'
Price, bars, electrolytic (N.Y.)
do
do
$ perlb__
64 8
.2451
5
4
1
5
4
r
r
.2474
8
o
6
4
161.3
112 9
.3502
p s 236. 9
pl71 2
.3617
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
2,977
2,177
1,075
3 326
2,494
1,102
Lead: A
Production:
Mine, recoverable lead
thous. sh. tons..
Recovered from scrap (lead cont. ) _ .do . _ .
301.1
554.0
319.3
25.5
46 8
24.0
44.7
29.9
50.8
26.2
43.6
26.7
46.6
25.8
45 8
24.8
38.4
27.8
44.5
27.1
47.9
27.9
47.4
26.8
49 5
26.8
344.4
1,241.5
431.3
30.3
103 3
30.0
99 3
39.9
112. 5
27.5
104 6
25.3
111 6
42.4
108 2
32.3
92 4
40.3
111 8
44.3
109.6
38.9
116.7
33.3
117 0
47.0
106.8
142.2
107.2
109.1
114.6
113. 1
111.1
114.6
119.2
133 9
145.1
144.0
140.3
142. 2
157.9
26.2
101 3
25.8
99 3
23.2
105.9
21.2
98 8
23.9
99 0
25.8
98 8
25.6
107 3
23.0
104 8
22. 0
98.8
21.8
91.9
25.3
88 5
49.0
.1600
52 3
.1600
47.1
.1600
48.1
.1600
46.3
.1514
42 1
.1500
42.5
.1500
45.3
.1500
44.7
.1500
47.4
.1424
46.8
.1400
.1400
.1400
317
4 070
1,995
270
6 470
4 555
0
2 001
2,335
300
7 775
5,480
29
4 363
2 058
205
7 945
5 170
1,224
4 016
2 270
335
7 500
5' 205
100
2 542
440
280
7 475
5' 150
2 837
1 780
270
6 320
4 680
566
4 206
2,145
275
7 425
5,260
1,000
3,816
2, 180
275
7,190
5,150
336
2,889
2,115
275
6 970
4,970
312
3 967
2 040
255
6 840
4* 715
290
27, 130
1.7398
782
26, 315
1.7424
408
24, 385
1. 6928
145
24, 970
1.6077
197
23, 380
1. 5987
80
23, 580
1. 5642
290
93
24, 250 24, 075
1. 5412 1.5451
116
23,105
1. 5422
Imports (general), ore (lead cont.), metal. __do Consumption, total
do
Stocks, end of period:
Producers', ore, base bullion, and in process
(lead content), ABMS
thous. sh. tons..
Refiners' (primary), refined and antimonial
(lead content)
thous. sh. tons..
Consumers'cf
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
Ig. tons
do
_dodo
do
do
Exports, incl. reexports (metal)
do
Stocks, pig (industrial), end of period §
do __.
Price, pig, Straits (N.Y.), prompt
$ per Ib
Zinc:A
Mine production, recoverable zinc
thous. sh. tons.Imports (general):
Ores (zinc content)
do
Metal (slab, blocks)
do
Consumption (recoverable zinc content):
Ores
do
Scrap, all types
do^__
r
25.9
103.2
48.1
. 1600
.1512
862
625
280
3
!74 6
.3624
85 275
60, 280
280
3 499
2, 050
300
6 495
4 435
13 064
27, 656
1.7817
3 069
22, 520
1 . 6402
303
27, 1 80
1.7875
116
27, 245
1.7810
611.2
571.1
49.0
48.7
53.8
49.9
51.5
47.9
45.7
49.7
45.3
44.1
'42.9
'42.5
429.4
153 0
521 . 3
977 4
35.0
2? 0
32.9
18 9
39 5
21 6
35.3
14 0
32 8
26 3
43 1
28 3
26 5
21 6
70.9
23 8
62 1
25 7
39.2
07 4
48.0
og 7
56 0
9
13
10 4
18.9
9 6
18.6
10 4
19.0
10 5
18.7
9 7
18.9
9 9
19.4
9 7
18.9
9 3
18.6
10 1
19.6
9 4
19. 7
10 3
19 3
3 122 9
3 265. 1
2
9
c
.3787
646
268
6
4, 372
41 624
P230 9
V IQQ 8
r 809
r
4,326
40, 814
23, 580
3, 155
84,011
58, 550
Revised.
p Preliminary.
1 See note "O" for p. S-21.
Effective Jan. 1967 SURVEY.
data for 1965 and beginning
Sept. 1966 are based on conversion factor of 24.0 base4 boxes per
ton of steel consumed. 3 Revised total; monthly revisions are not available.
Effective
1966, estimates are derived from a new sample and are not directly comparable with earlierdata; see note in Feb. 1967 SURVEY.
* Beginning 1966. total includes copper not previously
789
573
258
866
650
296
.2500
208
3 418
6 595
4 535
249
22, 520
1. 5399 ~1.~5388~ 1.5438
41.9
....
covered; see note in Feb. 1967 SURVEY.
Total for 11 months.
c? Consumers' and secondary smelters' stocks of lead in refinery shapes and in copper-base
scrap.
SStocks reflect surplus tin made available to industry by (iSA.
A Beginning
Aug. 1964, data reflect sales to the industry of metal released from the (Jovernment stockpile.
SURVEY OF CURRENT P USINE ss
S-34
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1965
March 196
1966
Annual
Jan.
. Feb.
Mar.
Apr.
M ay
Juno
1967
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
1 994. 4 1,038.1
and foreign ores
thous sh tons
183.6
Secondary (redistilled) production
do
72.4
11,354. 1
Consumption fabricators'
do
1.4
5.9
Exports
do
Stocks, end of period:
30.1
64.0
Producers', at smelter (AZI)cf --do ._
145 4
Consumers'
do
. 1450
.1450
Price, prime Western (East St. Louis) . $ per lb_.
89.9
6.0
112.5
(4)
79.9
5.7
116.1
.1
85.4
6.2
127.0
.1
87.0
5.7
119.1
.1
88.8
6.0
123.5
(4)
86.4
5.9
118. 6
.1
83.3
5.9
97.8
.1
82.6
5.9
124.0
(4)
83.5
5.8
117.7
.1
87.6
6.7
122. 1
.3
91.1
6.8
119.8
.1
93.4
5.7
32.2
158.1
.1450
29.7
156.0
.1450
28.8
166.7
.1450
33.2
159.7
.1450
39.9
154.9
.1450
42.1
147. 3
.1450
48.9
153.9
. 1450
46.3
145.0
.1450
43.3
139.4
.1450
47.5
132.6
.1450
52.9
127.3
.1450
64.0
78.1
.1450
.1450
7.5
.8
8.7
.7
7.1
.6
7.7
.6
8.1
.4
8.1
.5
8.6
.5
6.8
.7
10.6
.9
8.6
.9
8.7
.6
7.3
.4
617.0
41.0
45.1
35.4
42.1
36.7
46.6
42.3
39.9
38.7
44.5
54.2
52.6
58.7
38.7
58.5
66.2
54.8
62.8
53.5
70.4
46.4
61.4
43.8
46.7
41.0
2, 153, 7
234. 1
162.5
18.2
180.7
19.6
227 2
23^6
187.5
23.3
177.4
22.1
208.3
25.2
131.4
13.7
173.2
19.5
181.6
20.9
177.7
16.0
'181.9
'16.4
164.3
15.6
1,387.3
974.9
48.9
38.1
72.5
41.6
73.1
42.2
70.2
47.2
95.1
70.9
92.8
69.8
128.1
99.4
169.7
121.7
209.3
150.5
204.4
139.2
'r 148. 8
104. 1
74.4
50.3
160.5
119.0
222.5
T
2
83.8
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, shipments:
Cast-iron
mil. sq. ft. radiation.
' 11.6
115.3
Nonferrous
_ . .. .
. -do_
Oil burners:
Shipments
thous. _ i 564. 4
642.0
Stocks end of period
do
Ranges, gas, domestic cooking (incl. free-standing,
set-in, high-oven ranges, and built-in oven
broilers) shipments
thous '2,115.9
304.8
Top burner sections (4-burner equiv) ship do
Stoves, domestic heating, shipments, total §.. do — i 1,415.2
994.0
Gas
do- -.
Warm-air furnaces (forced-air and gravity air-flow),
1, 566. 6
shipments total §
thous
11,228.7
G as
do
2, 616. 4
Water heaters gas shipments
do
1, 365. 9
1, 046. 5
2, 488. 9
101. 7
79.0
225.3
96.4
77. 5
207.4
103.7
83.5
236.6
88.1
70.2
218.6
98.3
79.0
194.1
105. 6
84.1
207. 6
104.2
82.2
210.9
146.1
112.3
208.4
159.9
115.2
202. 6
115.2
'80.0
178.5
86.1
64.5
176.4
MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, qtrly.:
Fans and blowers new orders
mil. $
Unit-heater group, new orders
do.
Foundry equipment (new), new orders, net
mo. avg. shipments 1957-59=100
Furnaces (industrial) and ovens, etc., new orders
(domestic) net
mil $
Electric processing
do
Fuel-fired (exc. for hot rolling steel)
do
Material handling equipment (industrial):
Orders (new), index, seas, adj 0
1957-59=100.Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type
do
Industrial trucks and tractors (internal combustion
engines) shipments
number
Machine tools:
Metal cutting tools:
Orders new (net) total
Domestic
Shipments total
Domestic
Estimated backlog, end of period
Metal forming tools:
Orders, new (net), total...
Domestic
Shipments total
Domestic
Estimated backlog end of period
232.4
67.9
322. 5
279.9
267.2
198.2
274.0
244.6
227.6
340.6
319.5
243.9
326.9
379.8
219.5
317.1
216.6
152. 8
21.6
75.2
179.3
23.9
95. 9
16.3
1.6
10.7
13.7
1.8
6.1
16.1
1.7
9.9
25.6
3.4
16.4
11.7
2.0
5.4
15.2
2.2
8.3
15.8
3.5
7.6
15.5
1.6
9.3
12.2
1.3
8.1
17.6
1.5
7.1
9.0
1.9
4.1
10.7
1.3
2.9
8.9
.8
4.1
54 8
16.5
60.0
'17.7
63 4
16.5
209.7
210.1
204.3
189.9
190.0
196.7
208. 8
218.7
218.0
224.4
204.7
8,202
9,994
10, 390
12, 404
722
965
749
776
920
1,087
907
932
857
1,028
903
1,081
660
913
719
797
1,032
1,127
861
1,149
1,031
1,147
1,029
1,402
826
886
41,746
47, 043
3, 531
3,619
4,159
3,980
4,015
4,305
3, 359
3,598
4,161
3,829
4,285
4,202
3,465
mil $ 1,176.00 1, 531. 30
1,054.40 1, 392. 90
do
do
958. 60 1,145.35
830. 55 1,028.95
do
7.6
months,.
10.9
126. 50
115.50
79.30
70.20
8. 2
135. 45
121.10
83.00
73.55
8.7
155.85
137. 45
105. 05
94.25
9.1
134. 50
118. 40
86.00
78.35
9.5
127. 65
119. 55
90.20
79.25
9.7
135. 20
123. 15
112.00
102. 35
9.8
120. 75
109. 10
79.30
72. 70
10.2
113. 05
107. 10
80.95
74.40
10.3
137.70
126.50
104.05
93.65
10.8
128. 10
121.10
101. 80
91.65
11.0
103. 50
93.20
96.60
85. 20
11.1
'113.10
••100.80
' 127. 05
'113.40
- 10.9
87.05
79.70
85.40
76.55
10.7
29.75
26.10
23.35
22.25
10.0
30.50
29.40
28.70
26.15
10.2
31.25
28. 65
30.45
28. 75
10.0
22.80
21.80
26.70
25.30
9.6
31.15
27.55
27. 40
25.85
9.5
39.15
33.00
30.60
29.35
9.5
27.95
26. 60
24.00
23.30
9.8
24.65
22.70
26.70
24.40
9.7
19.90
17.95
29.60
27.60
9.4
23.75
20.90
27.05
25.60
9.0
24.30
22. 75
28.00
26. 45
8.6
mil. $..
do
do
do
months
186.3
319. 30
297. 75
287. 85
259. 80
9.9
Other machinery and equip., qtrly. shipments:
Construction machinery (selected types), total 9
mil. $_. 1 1,724.9
Tractors, tracklaying, total
do
' 428. 3
Tractors, wheel (con. off-highway)
do
149.4
!
Tractor shovel loaders (integral units only),
r i 399 i
Tractors, wheel (excl. garddn and contractors'
r 83() Q
off-highway types)
mil $
Farm machines and equipment (selected types),
excl tractors
mil $
1 053 6
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), shipments^- thous _ _ 30, 528
Household electrical appliances:
Ranges, shipments
(distributors'),
domesticf
thous
2, 022. 6
Refrigerators and home freezers, output
1957-59 = 100-.
147.8
Vacuuni cleaners, sales billed
thous.- - i 5, 106. 9
Washers, sales (dorn. and export)
do
i 4, 347. 1
Driers (gas and electric), sales (domestic and
export)
.
thous 1 2, 098. 4
Radio sets, production©
do
Television sets (incl. combination), prod.O . -do. .._
Electron tubes and semiconductors (excl. receiving,
power, and spec, purpose tubes), sales
mil. $ _ _
Motors and generators:
New orders, index, qtrly
1947-49 = 100 .
New orders (gross) :
Polyphase induction motors, 1-200 hp
mil. $. ,
D.C. motors and generators, 1-200 hp
do
321.
291.
331.
312.
60
34
30
70
8.4
481.4
112. 8
46.0
564.7
139.4
50 9
'
'
'
'
16. 45
13. 90
28. 75
27. 70
'8.4
12.15
11.80
25. 50
23.85
7.6
488.9
473.5
122. 3
39 2
110 6
123 0
102.0
1 005 9
?69 1
280.0
203.3
289.1
2 69. 2
295.2
358 2
340.3
3,136
3,642
3,596
'3,312
2,738
2
43. 8
32, 124
2, 654
2,918
2,042
1,772
1,972
2,106
2, 094
2,880
1,966.5
172.8
165.5
178. 3
191.5
163.1
162.4
169. 3
173.5
158.0
153.3
147.1
131.7
' 156. 7
163. 0
5, 582. 7
4, 406. 3
170.3
434.5
317.4
176.2
517.0
364.7
151.6
549.6
397.7
192.6
429.0
351.6
176.2
397.6
349.6
181.0
402.8
413.9
156.5
384. 7 1
118.4
417. 2
446. 5
174.0
545.3
422.7
196.5
506. &
407. 6
143.9
,509.5
304.6
119.0
458.8
245.3
116.4
454.9
317.0
201.9
219.7
4:14. 6
2, 360. 8
186.7
193.2
180.2
128.0
108.6
144.8
161.9
262.0
292.0
297.9
201.6
24,118
11,028
23, 595
12, 402
1,874
915
1, 862
924
32,260
3 1, 239
1,824
907
1,801
874
3 2,075
3 1,125
1,234
586
1,642
920
32,521
31,289
2, 091
1,124
2,075
1,165
757.0
i 871. 7
71.3
68.9
81.1
74.6
74.3
77.8
57.8
72.7
80.0
72.5
69.2
69.8
215
239
5 10.5
4.5
58.3
4.9
5
&113.3
210. 1
51.3
44.6 i
58.2
4.1
10.1
5.1
5
11. 2
5.6
59.1
5.1
59.8
3.8
5 10.1
3.9
32,338 p 1,717
'853
31,333
58.2
4.5
»9.2
3.3
39.8
3.8
140.0
p 1, 506
p 1, 042
220
236
255
247
5
l
2
' Revised.
Revised total; monthly revisions are not available.
For month
shown.
3
5
Data cover 5 weeks; other months. 4 weeks.
< Less than 50 tons.
Excludes orders
for
motors
1-20
hp.;
domestic
sales
of
this
class
in
1966,
$127.6
mil.;
in
Jan.
1967,
$10.1
mil.
6
Reported yearend stocks. See BUSINESS STATISTICS note.
ASee similar note, p. S-33.
d* Producers' stocks elsewhere, end of Feb. 1967, 16,100 tons.
§For revised 1965 annual data and for monthly shipments beginning Jan. 1966, certain types
54.2
17.2
208.6
66.9
7.7
2.8
59.1
4.3
previously classified as healing stoves are included in warm air furnaces.
©Revised back to 1963 to incorporate new seasonal factors.
9 Includes data not shown.
tRevised series. Data include factory distributing branches and direct factory shipments
to retailers and other domestic customers; comparable Jan.-June 1965 sales appear in footnote
in Sept. 1966 SURVEY.
1See note marked "V bottom of p. S-35.
OSee note marked "O" bottom of p. S-35.
SURVEY OF CURRENT BUSINESS
March 1967
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
Annual
S-35
1966
Jan.
Feb.
Mar.
May
Apr.
1967
July
June
Aug.
Sept.
Oct.
Nov.
Dec.
1,025
44
1,003
37
Jan.
Feb.
i
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. sh. tons.. 14,866
1851
Exports
do
Price, wholesale, chestnut, f.o.b. car at mine
$ per sh. ton_,_ 12.979
Bituminous:
Production___
thous. sh. tons-- 512, 088
12, 951
766
895
56
999
84
1,082
49
1,289
50
1,232
62
1, 196
101
876
52
1,190
53
1,040
87
1,124
91
-829
12. 824
13. 580
13. 580
13. 580
12. 005
12. 005
12. 005
12. 005
12.355
12. 840
12. 985
13.475
13.475 P13.475
528, 550
42, 090
40, 200
48, 200
30, 260
45, 930
46, 130
34, 760
50,610
47,170
48, 850
46, 680
47, 670
459, 164
242, 729
196, 732
94, 779
486, 442
264, 202
201, 665
95, 918
45, 157
24,063
17, 904
7, 538
40, 564
21, 263
16, 354
7,200
41,021
21,631
17, 521
8,171
38,047
20, 324
16,567
7,827
37, 370
19, 972
16,611
8,223
37, 994
21, 269
16, 149
8,159
39, 252
22, 962
15, 748
8,236
39,814
22, 684
16,115
8, 325
38, 487
20, 990
15,992
8,073
41,280
22, 009
17, 172
8,214
42, 052
22, 433
17,379
7,947
45, 404
24,602
18,153
8, 005
19, 048
19, 965
3,189
2,947
1,865
1 102
706
498
474
938
1,432
2,023
2, 163
2,628
77,393
53, 437
23, 603
10, 506
74, 453
52, 895
21, 319
9,193
71,889
49, 779
21, 833
10, 137
69, C55
47 197
21,630
9,870
73, 526
48, 973
24, 362
11,318
68,115
46 919
20, 993
8,640
69. 761
48 605
20,918
8,485
73. 173
50 589
22, 304
9, 078
65, 344
46 424
18, 622
6,683
68, 558
48 793
19, 450
7, 265
72, 471
51 981
20. 183
7, 632
75, 336
54, 520
20, 525
8,180
75, 534
54,409
20, 845
8,568
74, 453
52 895
21,319
9 193
353
239
277
228
191
203
238
28C
98
315
307
291
280
239
Exports
do
i 50, 181
Prices, wholesale:
Screenings, indust. use, f o b mine
4.794
$ per sh. ton..
6.926
Domestic, large sizes, f.o.b. mine
do
49, 302
2 854
3, 166
3,512
3 937
4 238
5,038
4 038
5,156
5 070
4,877
4,240
3 175
4.952
6.971
4.794
7. 247
4.804
7.247
4.798
7. 005
4.814
6. 632
4.986
6.614
4. 986
6.695
4.986
6.795
4. 990
6.953
4.990
7.259
5. 031
7.011
5. 113
7. 056
1,447
65, 699
r
99
5 184
1 558
'99
4,895
1 352
' 115
5,598
1 478
108
5,401
1 381
113
5, 674
1,448
102
r 140
5, 528
1 419
142
'5, 512
1 405
r
141
5,604
1,478
135
' 5, 425
1 518
3,025
2,822
203
2, 789
2 548
242
1, 550
64
2, 696
2 504
192
1,546
67
2,627
2, 442
185
1,584
68
2,345
2 172
173
1 570
118
2, 166
2,009
157
1,563
146
2,080
1,939
141
1,552
109
1 050
2.92
290 6
90
1,394
2.92
261 6
90
1,517
2.92
285. 3
88
1 274
2.92
271 7
87
1,380
2.92
290.1
90
1,544
2.92
285 6
1 393
2.92
299 8
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
thous. sh. tons-.
Electric power utilities
do
Mfg. and mining industries, total
do
Oven-coke plants
__
- do
Retail dealers
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
thous sh tons
do
do
_ _
1, 657
65,198
17,208
do
do
do
do_
do
.
_ _ _ _ _ _ _
' 2, 701
2,r 445
25Q
1,478
i 834
1 102
r
9
' 111
' 5, 682 5,714
1 470
1 530
f 2, 258
2 061
r 197
1, 582
r
77
2,438
2 228
210
1,556
68
' 2, 575 2, 635
2, 428
2 356
207
'220
1,484
1,506
96
100
r
r
2, 821
2,r 621
200
1 , 459
95
46, 160
660
41,690
' 5. 129 p 5. 129
7 143 p 7 . 170
r
130
5 481
3 025
9 §22
203
95
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
Price at wells (Okla. -Kansas).
Runs to stills!
Refinery operating ratio
number
18, 761
2.92
$ per b b l _ _
mil bbl
3. 300 8
% of capacity
87
All oils, supply, demand, and stocks: J
New supply, total
Production:
Crude petroleum .
Natural-gas liquids, benzol, etc
Imports:
Crude petroleum _
Refined products
92
93
1,597
2. 92
297.9
92
1 198
2.92
290 1
93
1,489
2.98
295.4
91
1,285
2.98
280.9
90
mil bbl
4, 190 9
378 3
346 8
389 5
359 i
373 7
365 7
371 9
377 4
358 2
373 5
366 5
do
do
2,848 5
441.6
250 5
38 9
231.7
36.0
258. 1
39.5
949 9
38 8
259. 8
39.4
251.5
37.9
256 3
38.9
257.0
39.3
248 8
38 0
259. 3
40.4
252.8
40.0
do
do
452.0
448.7
42 0
46.9
34.7
44.5
38.8
53.1
35 5
37.6
37.3
37.2
39 0
37.4
39.1
37.6
41.5
39.7
36 0
35.4
36.0
37.7
34.4
39.2
Change in stocks, all oils (decrease,—)
do
—2. 9
— 16 6
—23. 1
9.4
11 0
30.2
9 5
30 3
14.6
13 7
12.9
—10.7
Demand, t o t a l _ _ _ _
Exports:
Crude petroleum
Refined products
Domestic demand, total9
Gasoline
_
Kerosene ._ _
do
4 193.7
394 9
370 0
380. 1
351 1
343.6
356 3
341 6
362. 8
344 4
360.6
377 2
do
do
do
do
do
11
67 2
4,125.5
2
1,720 2
297 6
1
51
389.7
132 6
14 1
o
56
364.4
126.0
12 1
.l
6 2
373.8
145.4
8 7
3
58
344.9
147 3
6 1
5 5
338.1
153.7
5.9
6 1
350.1
165 4
4 9
6 1
335.3
159 6
4 6
.2
59
356.8
164.5
59
1
6 9
337.4
149 9
7 5
.1
6 0
354.5
150.9
7.9
.1
5 7
371.4
148.0
10 7
775.8
587 1
219 6
96.1
65 9
18 6
88.4
64 7
17.6
76.5
65 9
19.9
63.3
49 1
91 5
53.2
43.2
20 3
48 5
44 4
20 7
43.3
43 0
17 7
51.3
45.1
19 5
50 4
42 1
91 1
58.6
47.3
22 9
74.7
53 0
21 5
47 1
127 6
307 1
4 1
3 7
34 8
36
3 5
30 5
4 6
6 1
27 2
4 4
81
94 o
4 4
12. 1
22 9
4 2
17 2
21 6
4 i
17 5
91 7
4 3
19.6
23 5
4 0
16 5
24 1
4 3
15 8
27 1
30
9 2
31 9
836.3
220.3
35.9
580. 2
819.8
221.4
28 9
569.5
796.6
225. 4
24.7
546.4
806.0
236. 3
26.4
543.4
817.0
249. 3
30.6
537.1
847.2
255.6
36.4
555.2
856.6
259.7
41.4
555. 5
886.9
254. 4
46.3
586.2
901.5
254. 1
50.6
596.8
915.3
248.1
• 52.4
614.8
928.2
247.3
52.2
628. 7
917.4
252.9
47.9
616.6
1,704.4
24 g
2
183 1
152.5
2
203.5
133.8
146.3
2
214.2
140. 1
207.9
147.7
1
203. 6
146 8
212.2
185 9
156.0
4
183.3
157.2
4
177.0
151 3
4
179 7
155.5
3
185.2
149.3
4
187.2
Distillate fuel oil
Residual fuel oil
Jet fuel
...
do
do
do
_
Lubricants
_
Asphalt
..
Liquefied gases
.
Stocks, end of period, total
Crude petroleum
Natural-gas liquids
Refined products
Refined petroleum products: J
Gasoline (incl. aviation) :
Production
Exports
.
Stocks, end of period _
do
do
do
do
do
do
do___
..
do
do
do
Prices (excl. aviation):
Wholesale, ref. (Okla., group 3)
$ per gaL_
Retail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
$ ner gal
2
4
9
4
»2. 98
v . 113
.113
.114
.113
.113
.105
.113
.113
.118
.118
.118
. 118
.115
.115
.113
. 208
. 216
213
.210
.211
219
.218
. 218 *
.218 I
. 221
.219
.219
220
'221
' Revised.
p Preliminary.
i See note "O" for p. S-21.
Beginning Jan. 1965, gasoline excludes special naphthas; aviation gasoline represents
finished grades only (alkylate excluded); commercial jet fuel
(formerly included with kerosene)
4
is included with jet fuel.
a Less than 50,000 bbls.
Beginning Jan. 1965, data include
demand for liquid refinery gases formerly shown under petrochemical feedstocks; comparable
1964 total, 295.1 mil. bbls.
9Includes data not shown separately.
§Includes nomnarketable catalyst coke.
^Revisions for Jan.-Oct. 1964 will be shown later.
2
1
(3)
2.98
99,0
. 227
FOOTNOTES FOR ELECTRICAL EQUIPMENT, P. S-34.
IData reflect adjustment to the 1963 Census of Manufactures; revisions back to 1963 are
available.
O Radio production comprises table, portable battery, auto, and clock models; television
sets cover monochrome and color units.
SURVEY OF CURRENT BUSINESS
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
Annual
March 196.
1966
Jan.
Feb.
Mar.
Apr.
May
June
1967
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
Aviation gasoline:
Production
mil. bbl Exports
-- - do_
Stocks end of period
do
Kerosene:
Production
do
Stocks end of period
do
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gaL
Distillate fuel oil:
Production
mil. bbL_
Imports
-do _ Exports
do
Stocks end of period
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
$ per gaL.
Residual fuel oil:
Production
mil. bbl
Imports
do
Exports
do
Stocks end of period
do
Price wholesale (Okla., No. 6)
$ per bbl
Jet fuel (military grade only) :
Production
mil. bbl
Stocks end of period
do
Lubricants:
Production
do _
Exports
do
Stocks end of period
do
Price, wholesale, bright stock (midcontinent,
f.o.b., Tulsa) --$ per gal.
Asphalt:
Production
mil. bbl
Stocks end of period
do
Liquefied petroleum gases:
Production
do
Transfer from gasoline plants
do
Stocks (at plants, terminals, underground, and
at refineries) end of period
mil. bbl
Asphalt and tar products, shipments:
Asphalt roofing total
thous. squares
Roll roofing and cap sheet
do.
Shingles all types
do
Asphalt siding
Insulated siding
Saturated felts
- _do. do
thous sh tons
1
48.6
4.2
»8.3
3.7
.1
8.5
3.3
.1
9.1
3.3
.2
9.2
3.0
.2
9.0
3.3
.1
8.1
3.2
.4
7 2
3 5
.4
7.0
36
.4
7 ^
35
.4
7 3
3.6
.3
7 4
35
4
7 i
94.5
10.3
20.2
9.8
17.9
9.5
18.7
7.0
19.6
7.4
21.3
7 2
23 5
81
27.1
9 0
30 3
7 7
30 4
7 g
30 4
8 2
27 9
1
1
i 24.1
.098
.104
765.4
13.0
3.8
155.4
.103
.103
.103
.102
.102
.102
.102
.102
.105
.105
.105
70.1
1.1
.4
130.0
62.8
.6
1.0
104.0
64.7
.8
.3
92.8
60.4
1.4
.3
91.0
63.8
1.2
.3
102.5
62.1
1.8
.3
117.7
67.3
1.1
.3
142.5
69.2
1.0
.3
161. 1
65.9
1.1
4
177.4
66.6
1.4
2
186 6
63 2
.9
3
175 8
.094
.095
.095
.095
.092
.092
.092
.092
.092
.095
.095
.095
22.2
37.3
1.1
47.6
1.80
23.8
42.8
1.9
46.8
1.60
20.5
28.6
.8
46.2
1.55
20.5
26.7
1.1
49.5
1.55
19 6
27 8
1.1
51 7
1.55
21.6
27.1
.9
56.9
1.55
20 9
27.4
.9
59.6
1. 55
20 4
25.0
1.4
61 6
1.55
21 2
28.9
.8
64 0
1.55
21 7
31 2
1.62
26.3
37.8
1.1
53.6
1.90
63 5
1.65
i 1191.2
18.7
16.8
18.9
15.7
19.2
17.9
20.1
17.6
18.7
18.5
19.6
18.6
19 8
17.8
23.0
16.3
23.7
17.7
22 6
19.5
21 1
19.6
20 8
62.9
16.6
13.3
5.6
1.1
13.8
5.1
1.2
14.1
5.4
1.3
13.6
5.3
1.4
13.1
5.6
1.2
13.1
5.1
1.5
12.5
5.8
1.7
12.5
5.8
1.3
12.6
5.4
1.7
12 4
5.8
1.7
12.2
5.2
1.5
13.0
.090
268. 6
345.2
14.9
56.2
1.83
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
123. 6
16.2
6.6
19.5
6.0
22 4
8.0
24.5
10.3
26.8
11.4
26.5
13 8
23.6
14.1
20.9
14.8
16.9
14 2
15.3
12.9
13.3
10.0
14.4
56.1
200.2
5.4
24.0
4.9
21.1
5.3
17.9
4.9
14.9
5.3
13.8
4.9
13.3
5.1
13.2
5.0
14.3
4 6
15.8
4.8
18.8
4 8
22.2
32.0
24.3
20.1
21.1
25.4
32.1
37.4
43.1
47.7
49 8
49.6
45 2
.270
.270
72,338
28,293
44, 044
69, 363
28, 917
40, 446
4,987
2,056
2, 932
3,601
1,490
2,111
4,724
1,996
2, 728
5,448
2,028
3,420
C. 100
2, 263
3,838
8,127
3,050
5,077
6,540
2,582
3,958
7,161
3,033
4,128
7,194
3,107
4,087
6,783
3,099
3,684
5,142
2,441
2,702
628
590
980
554
496
880
44
21
80
30
17
56
35
31
68
38
38
73
38
46
75
48
54
99
44
52
77
60
59
80
62
60
77
68
55
76
53
41
66
r
.107
p. 107
.097
P. 097
1 65
p 1 65
.270
v 270
r
3, 555
3,424
' 1, 773 1,649
1, 782
1,775
r
'37
'22
53
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulpwood:
Receipts
Consumption
Stocks end of period
Waste paper:
Consumption
Stocks end of period
thous. cords (128 cu. ft.)
do
do
50, 452
50, 740
5,770
54, 659
54, 106
4,733
4,247
4,574
5,412
4,192
4,293
5,320
4,843
4,651
5,428
4,512
4,642
5,260
4,569
4,794
5,001
4,957
4,664
5,313
4, 772
4, 564
5. 453
5, 020
4,792
5,639
4,730
4,418
5,908
4,827
4,978
5,829
thous. sh. tons
do
9,914
573
10, 159
674
848
486
808
464
920
466
871
486
899
488
894
511
746
562
893
576
837
596
877
622
814
648
P752
P674
33, 296
1,486
20, 514
2,789
35, 736
1,557
22, 353
2,804
2,918
141
1,808
230
2,750
124
1,715
213
3,052
140
1,908
242
2,964
132
1,854
239
3,102
134
1,945
256
3,017
140
1,898
236
2, 904
115
1,847
220
3,130
134
1,980
243
2, 820
118
1,752
228
3,133
131
1,970
245
3,047
132
1,923
243
2,801
116
1,753
209
WOODPULP
Production:
Total, all grades
Dissolving and special alpha
Sulfate
Sulfite
thous. sh. tons..
do
do
do
r 4, 497 p'3,494
4,646 * 3, 090
r 5, 703 M,733
Groundwood
Defibrated or exploded
Soda semichem screenings etc
Stocks, end of period:
Total all mills
Pulp mills
Paper and board mills
Nonpaper mills
do
do
do
3,920
1,473
3,113
3,972
1,530
3,421
337
121
281
315
118
265
342
131
289
331
133
275
338
133
297
322
134
286
318
131
273
341
132
300
319
131
273
353
136
299
334
113
300
332
119
281
do
do
do
do
730
253
395
82
724
258
P383
*>83
698
265
359
75
682
252
351
79
680
242
355
82
683
243
361
79
700
250
369
81
716
233
393
91
746
249
408
89
775
266
418
91
743
252
398
92
773
296
386
91
760
292
382
86
724
258
P383
P83
Exports, all grades total
Dissolving and special alpha
All other
do
do
do
21,402
2 535
897
1, 572
563
1,009
128
58
71
126
56
70
125
56
70
153
46
108
140
47
93
132
54
78
121
24
97
123
42
81
146
49
97
109
42
67
136
47
88
133
42
90
Imports all grades total
Dissolving and special alpha
All other
do
do
do
3, 127
280
2, 847
3,355
293
3,065
242
22
220
249
23
226
303
276
254
20
234
287
24
263
300
28
279
26
254
320
29
290
258
22
236
290
17
274
282
21
261
293
35
258
4,045
1,756
1,935
12
341
3,938
1,697
1,879
12
349
4,034
1,718
1,964
12
339
3,996
1,699
1,946
12
339
3, 677
1,586
1 , 769
9
£.13
4, 037
1.727
1,966
12
323
3,780
1,658
1,803
12
307
4, 090
1,783
1,992
12
304
3,859
1 , 692
1,881
p 3, 586
p 1,598
p 1,745
*12
p231
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
3, 651
3,847
All grades, total, unadjusted- thous. sh. tons.. ' 43, 746
46, 541
1,587
1 , 700
r 19, 019
Paper
do
23, 200
1,759
1 , 845
20, 760
Paperboard
do
22, 486
11
11
135
Wet-machine board
do
138
295
Construction paper and board
do
3, 833
3,707
r
2
Revised.
p Preliminary.
> See note 2 for p. 3-35.
See note 'O" for >. S-21.
275
31
16
61
Feb.
SURVEY OF CURRENT BUSINESS
March 1967
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1966
1966
Jan.
Annual
S-37
Feb.
Mar.
Apr.
May
June
1967
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper and board— Continued
New orders (American Paper Institute):!
All grades paper and board
thous 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 (API):§
Fine paper:
Orders new
thous sh tons
Orders unfilled end of period
do
44, 296
46, 866
3,970
3,692
4,228
3,998
4, 042
4,025
3,703
4, 036
101.4
110.6
96.4
93.0
101.7
115.1
97.1
92.8
101.4
112.7
96.7
92.7
101.4
113.5
96.7
92.7
101.4
113.5
97.0
92.7
101.4
113.5
97.1
92.6
101.4
114.6
97.2
92.6
101.9
114.6
97.2
92.6
'l01.9
115.6
97.2
92.9
101.9
116.7
97.2
93.0
2,429
150
2,640
164
213
146
207
154
242
168
233
172
231
177
230
189
211
186
233
185
'204
' 168
2,410
2,413
2, 646
2,624
217
214
205
200
226
231
228
228
222
990
227
201
208
226
228
6, 198
510
6,688
531
553
522
529
562
623
620
551
598
579
614
580
626
546
656
' 3, 787 ' 4, 070 ' 3, 707 v 3, 608
101.9
116.7
97.2
93. 1
101.9
116.7
97.2
92.7
r
223
'169
'204
'157
P209
pl64
'216
'210
'235
'227
' 222
'217
p221
p212
555
621
'563
'610
'562
'583
'513
'542
P534
p531
101.9
116.7
97.2
92.7
101. 9
116.7
97. 2
93. 0
101.9
116.7
97.3
92.5
Production
Shipments
Printing paper:
Orders new
Orders, unfilled, end of period
do
do
Production
Shipments
Coarse paper:
Orders, new .
- .__
Orders unfilled, end of period
do
do
5,993
5,993
6,490
6,490
526
526
502
502
562
562
534
534
557
557
556
556
513
513
561
561
'547
'547
'571
'571
'541
' 541
P520
P520
do
do
4,590
210
4,713
203
394
211
381
226
447
250
417
256
387
245
390
240
369
215
398
234
'374
227
'392
'214
'378
'206
P386
P203
do do
4,591
4,564
4, 721
4,710
399
390
376
376
429
420
394
399
405
398
397
396
365
370
398
397
'389
388
'399
'395
'393
'395
p377
p386
do
do .
do
7,720
7,747
150
8,419
8,385
184
675
610
215
654
617
253
738
688
302
702
732
272
735
111
230
698
687
241
703
666
278
730
709
299
677
703
272
726
717
281
714
738
258
667
740
1S4
698
612
270
do
do
do
2,180
2,183
19
2,410
2,408
21
197
191
25
185
184
27
203
210
20
192
191
20
205
207
17
205
204
18
194
186
26
211
207
30
192
195
27
211
210
28
214
215
9
8
201
207
21
227
209
39
Consumption by publisher so"-- do
Stocks at and in transit to publishers, end of
period
thous. sh. tons
6,387
6,898
526
498
586
576
628
573
522
547
582
641
626
593
542
573
681
586
619
624
641
668
677
688
729
737
700
705
681
682
Imports
do
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
$ per sh ton
6,323
6,991
551
509
633
570
607
632
494
587
624
605
601
132.40
136. 23
132. 40
132.40
132.40
134. 40
134. 40
138.40
138. 40
138. 40
138. 40
138. 40
138 40
449
724
445
92
438
855
421
93
453
902
446
95
471
944
450
95
453
973
450
94
469
1,025
466
97
452
999
457
94
391
999
410
84
449
975
450
92
429
937
435
90
461
943
463
95
442
883
463
94
412
731
423
84
159, 783
12,044
11,848
14,043
13,158
13, 477
13, 669
12, 403
14, 064
14, 232
14,346
13, 793
12 949
122. 9
115.9
140.2
129.5
133.5
144.5
125.8
145.4
143. 5
140.5
v 130.1
46 40
88 75
38 05
.230
47 55
86 69
30 69
.223
48 60
87 59
34 22
.219
49 00
46 15
' 86 69
81 85
9
9 54
34 59
. 220
.223
do
do
..
Production _ .
Shipments
Newsprint:
CanadaProduction
Shipments from mills. _ _ .
Stocks at mills, end of period
United States:
Production
Shipments from mills
Stocks at mills, end of period
r
Paperboard (American Paper Institute): A
i 417
Orders, new (weekly avg.)
thous. sh. tons .
i 796
Orders, unfilled, end of period
do
410
Production, total (weekly avg.)
do
90
Percent of activity (based on 6. 5-day week)
Paper products:
Shipping containers, corrugated and solid fiber,
148, 312
shipments^
. mil. sq, ft. surf, area
Folding paper boxes, shipments, index of physical
128.2
volume
>
1947-49 = 100
557
138. 40 pl38. 40
456
748
404
91
451
720
455
92
.216
. 208
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-- _
do
do
do
514 71
100 01
445 32
.257
549 70
81 85
431. 66
.236
1,813 99 1 969 62
1 540 87 1 671 91
311.95
348 36
308 44
2 281 78
280 29
269. 54
30.16
46 94
98 70
28 31
.245
44 34
93 73
44 94
.258
50 90
90 56
40 27
.258
45 93
90 34
44 33
.244
46 42
91.45
38.45
.241
47 06
90 84
42 40
.236
88
78
46
31
153 07
131 54
317*01
99 91
276 86
258 44
31.69
93 32
23 06
28. 93
22 84
21 88
28.72
27 19
24 56
30 07
23 20
22 06
29 99
23 96
21 67
30.79
14, 605
9
9
16,275
15, 317
14, 885
14, 473
4,844
7,181
196
15 855
5,527
10, 079
249
16 "4
5, 253
10, 734
237
14 690
4,903
9,587
9QO
16 290
4,900
11,161
159
168
137
320
23
169
150
309
30
52
23
77
00
165
141
316
9(5
58
02
02
11
165
137
322
24
55
93
02
07
161
140
323
94
37 40
92 77
25 94
.234
54
96
91
39
164 90
143 8H
337 "
95 iy
29 94
9Q 40
32 41
91 91)
30 7°
93 94
93 <)ft
30 6°
12, 187
13, 959
14, 809
15, 869
15,000
14,483
19 901
2', 446
10, 292
163
19 (}91
2, 066
10,358
197
16 015
4, 684
11,133
199
16 55S
5, 269
11,020
>69
13 858
5,171
8,511
1 76
I 9 388
4, 629
7, 564
196
59
29
96
59
155 00
113 63
349 71
94 55
92 35
32 18
18 58
17 27
39 41
9g 01
160
137
338
95
91 74
168
153
334
94
08 ' 170 87 166 80
05 144 09 140 59
99 '340 40 348 36
39
93 37
94 10
99 74
' 91 85
90 39
20 39
' 30 36 31 69
TIRES AND TUBES
Pneumatic casings, automotive:
Production
thous. . 167,854
177, 169
15, 308
Shipments, total
Original equipment
Replacement equipment
Export
do
do
do
do
169 060
58', 280
107,905
9 875
173 464
54,680
116,348
v 436
13 912
4', 987
8, 729
195
Stocks , end of period
Exports (Bu. of Census)
do
do
37 016
2 2, 381
49 569
2, 051
38 366
140
40 833
180
41 441
'211
40 775
175
41 914
220
39 601
147
39 166
151
40 856
153
39 565
166
39 093
161
40 393
181
49 569
165
....do
do
..do
do..
41,342
41 936
11,839
2
1.189
42, 765
44 2"
11,996
1. 100
3,507
4 351
11,216
71
3, 5589
3 74
11,179
64
3, 983
4 4gQ
10, 630
87
3,591
3 7'M
10,699
125
3,533
3 336
11,039
126
3, 669
3 770
11,107
80
3,185
3 402
11,119
96
3, 301
3 399
11,163
74
3,743
3 739
11,065
102
3, 773
3 ^34
11,276
104
3, 490
3 "H
ll!7(H
86
3,434
3 919
11,996
85
Inner tubes, automotive:
Production
Shipments
Stocks, end of period
Exports (Bu. of Census)
i 22
r
l
Revised.
v Preliminary.
Beginning Jan. 1965, monthly data are 4-week averages
for period ending Saturday nearest the end of the month. Annual
data for new orders are
52-week averages: those for unfilled orders are as of Pec. 31. 2 See note "O" for p. S-21.
_
o? As reported by publishers accounting for about 75 percent of total newsprint consumption,
t Revisions for Jan. 1964-Feb. 1965 will be shown Inter.
§ Formerly American Paper and
Pulp Association.
AFormerly National Paperboard Association.
SURVEY OF CURRENTr
S-38
1965
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
BUSINESS
1966
1966
Jan.
Annual
March 19(
Feb.
Mar.
Apr.
May
June
1967
July
Aug.
Sept.
Oct.
Nov.
Dec.
29, 195
21, 044
Jan.
Feb.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement__
thous. bbL_
1
373, 563
380, 665
17, 327
16, 982
28, 779
30, 883
35, 330
41,724
37, 941
43, 176
38, 672
38, 400
7, 609. 1
267.8
1,610.2
464. 3
20.4
94.5
421.0
16.7
82.9
747. 7
23. 4
151.3
745. 6
22.7
146.4
753.8
21.2
148.4
812. £
24.5
174.4
709.3
23.2
159.0
746.9
24.9
159.8
636.7
23.2
148. 2
615.9
25. 2
139.2
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick-. 8, 089. 1
Structural tile, except facing
thous. sh. tons_313.3
Sewer pipe and fittings, vitrified
do
1,732.2
Facing tile (hollow) , glazed and unglazed
mil. brick equivalent-326. 9
Floor and wall tile and accessories, glazed and unglazed
mil sq. ft
283. 4
Price index, brick (common), f.o.b. plant or
N Y dock
1957-59-100
108.4
r
544. 0
'21.6
'115. 4
411.7
20.9
90.6
93 2
22.8
21.8
26.3
28.3
26.2
29. 2
27.1
28.7
26.3
95 9
93 7
272.7
22.5
21.5
25.9
24.6
24.2
26. 1
21.8
23.7
22. 3
20.8
'20.3
18.9
111.5
109.9
110.4
110.7
110.9
111.1
111.8
111.9
111.9
111.9
112.1
112.9
112.9
308.8
r
GLASS AND GLASS PRODUCTS
354, 308
343, 138
87 802
86, 554
80, 852
87, 930
140. 559
9
13 749
136, 785
206 353
33 541
54 261
34, 401
52, 153
34, 088
46, 764
34, 755
53, 175
thous, gross, _ 202, 050
211,764
16, 745
16, 352
18, 658
17, 567
18, 370
18, 996
18, 027
19, 821
17,163
18,392
16, 064
15,609
17, 039
195, 924
Shipments, domestic, total
do
General-use food:
Narrow-neck food
do
21,548
Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars)
thous. gross^ 53, 742
204, 093
14,715
14, 298
17, 785
16, 578
17, 460
19, 337
17,125
19, 768
18, 878
15,981
15,971
16,197
15, 242
21, 605
1,431
1, 537
2,035
1.717
1,713
1, 653
1,578
2, 533
2,767
1,760
1,478
1,403
1,409
51,941
4,369
3,964
4, 356
3. 851
4,142
4,568
3,957
4,963
4,936
4,433
4,378
r 4, 025
4,303
Flat glass, mfrs ' shipments
thous $
Sheet (window) glass, shipments
Plate and other flat glass shipments
Glass containers:
Production
do
do
Beverage
Beer bottles
Liquor and wine
do
do
do
20, 283
36,134
17,273
27, 098
38, 895
17, 608
1,146
2,414
1,248
1,413
2. 216
1, 366
2, 034
3,302
1,571
2. 266
3,304
1,469
2, 561
3,549
1, 539
3, 350
4,197
1, 540
3,236
4,190
1,120
2,579
3,893
1, 507
2,287
3,050
1,506
1,533
2,759
1,757
2,016
2,787
1,617
2,677
3,234
1,368
1,891
2,674
1,337
Medicinal and toilet
Chemical, household and industrial
Dairy products
do
do
do
38, 797
6, 882
1 265
39, 992
5, 813
1, 141
3, 501
512
94
3,247
460
95
3,864
531
92
3. 366
502
103
3, 359
516
81
3, 427
'510
92
2, 575
393
76
3,646
544
103
3,669
546
117
3,227
426
86
3,153
448
94
r 2, 958
424
108
3,101
450
77
do
26, 945
30, 084
28, 466
30, 370
30, 801
31,977
32,814
31, 892
32, 408
31,926
29, 684
31,735
31, 280
30, 084
31, 500
Stocks, end of period
GYPSUM AND PRODUCTS (QTRLY)
Crude gypsum, total:
Imports
Production
5 911
10 035
1,033
2,245
1,487
2,678
1,706
2,535
do
9 390
2.074
2 305
2,111
do
do
4, 580
319
786
81
1,430
82
1,339
80
do
do
828
976
168
202
194
238
188
252
1.368
8 083
264
1 623
316
1 996
1,828
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 Kecne's cement)
Lath
Wallboard
All other
mil sq ft
do
do
54
071
I
294
55
76
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills: f
Cloth woven, total 9
mil linear yd
Cotton _
do
M^anmade
fiber
do
13 037
9, 262
3 517
12 698
8 866
3 580
1 013
712
280
1 020 2 1, 265
705
2864
2
993
373
1,008
700
*>85
1,019
701
294
2 1,2 237
856
2 353
824
557
249
1,010
712
279
21,210
2854
2
335
1,001
705
280
r 1, 001
722
265
2 1,090
2778
2294
r
Stocks, total, end of period 9 a"
Cotton
Manmade
fiber
do
do
do
1 139
676
442
1 319
766
534
1,107
653
430
1,080
639
422
1,068
627
416
1,053
614
414
1,045
607
416
1, 084
620
444
], 175
656
501
1,194
703
473
1,180
673
489
1,219
702
500
' 1, 257
730
'509
1,319
766
534
Orders unfilled total end of period 9 ^f
Cotton
Manmade
fiber
do
do
do
4 140
3 023
999
3 103
2 297
738
4 246
3' 114
1 008
4 589
3 387
1,078
4 649
3,439
1,085
4 662
3,473
1,080
4 714
3 504
1,099
4 453
3 305
1, 046
4, 500
3, 302
1, 105
4,135
3,124
925
3 883
2,952
855
3 727
2, 839
821
r
3,103
2,297
738
10
396
1,341
5, 008
3, 382
2, 533
'783
COTTON
Cotton (exclusive of linters):
Production:
GinningsA
thous running
Crop estimate, equivalent 500-lb. bales
thous
Consumption
Stocks in the United States, total, end of
thous
Domestic cotton total
On farms and in transit
Public storage and compresses
Consuming establishments
Foreign cotton, total
bales
bales
do
period
bales
do
do
do
do
do.
14 956
9 296
14,916
*14, 474
14 916
2 947
758
7^5
20 438 22 617 21,692 20, 413
9
9
f^Q
0 359 2° 516 21 596 °0 3 3
^33
698
131
l' 294 1 130
619
17? 639 19, 741 19, 188 18,381
1 710
1 811
1 645
1 4°6
528
96
90
101
'l05
79
r
Revised. ' Beginning Jan. 1965, excludes finished cement used in the manufacture of prepared masonry cement (2,734
thous. bbls. in 1964); annual totals include3 revisions not distributed to the months.
-7 Data cover 5 weeks; other months, 4 weeks.
Ginnings to Dec. 13.
< Ginnings to Jan. 15.
= Dec. 1 estimate of 1966 crop.
f D a t a shown here are not strictly
comparable with those for earlier periods for the following reasons: Beginning Jan. 1964, fabric
classifications were revised and manmade fiber drapery fabrics were added; beginning Jan.
1966, data reflect further changes in reporting classifications, principally cotton blends.
9 Includes data not shown separately.
19, 542
19 460
354
17, 360
i 746
82
93
93
9
19
1
9 647
753
753
769
2 953
622
769
2
932
781
8,755
759
3
9, 204
5
9, 627
• 852
4
9, 526
770
18,629 17, 467 16, 862 26, 902 25, 202 23,615 21,904 20, 438 19, 070
18 553 17 396 16 801 26 803 25 109 23 535 21,822 20, 359 18, 991
6, 545
1,294
188 11,318
2,255
1,099
147
9 993
377
16, 524 15,761 15,274 14,177 14,012 15,873 18, 229 17,639 16, 262
1, 117
1,339
1,338
1,426
1 488
1,308
1 630
1 652
1 104
62
80
99
82
79
71
76
79
93
cf 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 m-mmader fiber fabrics not previously included.
*[Unfilled orders cover w ool apparel (including polyester-wool) finished fabrics; production
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting,
toweling, and blanketing.
ATotal ginnin^s to end of nnnth indicated, except as noted.
SURVEY OF CURRENT BUSINESS
rch 1967
1965
ess otherwise stated, statistics through 1964
id descriptive notes are shown in the 1965
lition of BUSINESS STATISTICS
1967
1966
1966
Feb.
Jan.
Annual
S-39
Mar.
Apr.
May
June
July
Sept.
Aug.
Oct.
Nov.
Dec.
Jan .
Feb.
TEXTILE PRODUCTS—Continued
1
COTTON— Continued
tton (exclusive of linters)— Continued
Exports
thous. bales. _
mports
do
'rices (farm), American upland- __cents per Ib
Prices, middling 1", avg. 15 markets
do
ttton linters :
Consumption
thous. bales..Production
do
Stocks, end of period
_ __ .
_ do
COTTON MANUFACTURES
pindle activity (cotton system spindles) :
Active spindles, last working day, total
mil_.
Consuming 100 percent cotton
__do__ _
Spindle hours operated, all fibers, total
biL_
Average per working day. - ._
.. do
Consuming 100 percent cotton,
_do ._
'otton yarn, natural stock, on cones or tubes:
Prices, f.o.b. mill:
20/2 carded weaving?
$ per Ib
36/2, combed, knitting§
do
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (qtrlv )
mil lin vd
Orders, unfilled, end of period, as compared with
avg. weekly production
No. weeks' prod__
Inventories, end of period, as compared with
avg. weekly production ^No. weeks' prod-Ratio of stocks to unfilled orders (at cotton
mills) end of period, seasonally 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
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. total.
mil. Ib
Filament varn (rayon and acetate)
do
Staple incl tow (rayon)
do
Noncellulosic, except textile glass:
Yarn and monofilaments*
do
Staple incl tow*
do
Textile glass
fiber
do
Exports:
Yarns and monofilaments
thous. l b _ Stanle, tow, and tops
do
Imports:
Yarns and monofilaments _
do
Staple, tow, and tops
do
Stocks, producers', end of period:
Filament yarn (rayon and acetate)
mil. lb_Staple, incl. tow (rayon) . _
do
Noncellulosic fiber, except textile glass:
Yarn and monofilaments*
do
Staple incl tow*
do
Textile glass
fiber
do
Prices, manmade fibers, f.o.b. producing plant:
Staple: Rayon (viscose), 1.5 denier.. _!..$ per lb__
Polyester, 1.5 denier*..
...do
Yarn: Rayon (viscose), 150 denier
do
Manmade fiber and silk broadwoven fabrics:
Production (qtrly ) total 9
mil lin vd
Filament yarn (100%) fabrics 9
do
Chiefly rayon and/or acetate fabrics
do
Chieflv nylon fabrics
do
Spun yarn (100%) fabrics (except blanketing) 9
Rayon and/or acetate fabrics and blends
do
Polyester blends with cotton
do
Combinations of filament and spun yarn fabrics
Exports, piece goods
3,597
100
278
16
26.6
29.5
254
6
26 9
29.5
236
6
27.6
29.5
177
6
28.2
29.5
214
1
28.4
29. 6
176
4
29. 3
29. 6
142
2
29.7
29.6
341
39
«21.2
« 22. 0
348
7
21.2
21.9
306
11
22.4
21.8
518
3
21.9
21.8
1,406
1,635
734
1,366
1,419
r
725
118
193
'777
116
179
811
2 143
168
833
123
113
848
120
87
804
2138
58
711
91
37
641
104
42
584
2 123
63
527
105
153
567
93
168
636
18.9
14.7
128.0
.493
102.9
19.5
15.1
132.1
. 509
102. 4
18.9
14.7
10.4
.522
8.2
18.8
14.6
10.5
.525
8.2
19.2
14.7
213.0
.518
19.3
14.7
10.7
. 536
8.2
19.3
14.8
12.9
.515
2
9.9
19.3
14.8
8.6
.430
6.6
19.5
15.1
10.6
.530
8.2
19.6
15.1
2 12. 9
.514
2
10.1
19.5
15.1
10. 5
.527
8.3
19 5
15. 1
10.2
.508
7.9
211.3
210.0
19.2
14.7
10.5
. 525
8.0
699
.891
949
647
. 926
65°
.934
659
.938
657
.939
667
. 946
667
.954
667
.959
.962
.962
.960
.953
.953
20.2
19.8
18.6
17.6
18.4
3.9
4.1
4.5
9, 238
20.3
4.5
18.4
4.5
19.9
4.1
21.7
293
!58
'725
r
19.5
15.1
. 453
28.8
T 2, 287
21.8
22. 6
21.7
28.7
3.8
3.8
5.0
3.8
3-8
.18
40.40
.19
40.60
.22
40.67
.24
40. 41
.26
39. 54
36. 2
18.8
18.1
36.2
18.8
18.1
36.2
18.8
18.3
36,2
18.3
18,3
36. 2
18. 3
18.3
3.7
4.0
3.8
. 23
37. 51
.26
39.39
.20
38.78
.19
38. 77
. 17
38. 58
.16
38. 71
.16
38. 72
.17
38. 72
34.9
18.6
17.5
35.8
18.7
18.0
34.9
18.8
17.5
34.9
18.8
17.6
34.9
18.8
18.0
35. 6
18.8
18.0
36.2
18.8
18.0
36.2
18.8
18.0
36. 2
1,8.8
18.0
3, 532. 2
825.0
648 0
3, 856. 5
799.8
659 2
' 938. 0
201.7
167 0
997 7
779 2
282 3
1,161.2
904 0
332. 3
270 7
' 220 8
77 8
99, 923
50, 763
98, 722
55, 522
7,737
4,173
9,114
4, 204
10, 029
6,181
8, 509
4, 902
9,209
5, 506
8, 262
5,104
7, 290
4,394
7, 056
4, 025
7, 484
5, 165
7,889
5,779
7,533
4, 162
X, 609
7,608
15,690
130, 108
16, 571
177, 570
1,421
18, 130
810
10 700
1,094
1 6, 247
1,132
21,488
1,752
13,654
1, 795
13, 825
1. 198
14, 308
1,843
17, 303
1, 416
12,411
923
13, 349
1,600
11,910
1,587
14,246
59.8
55.8
67.3
70.1
61.6
58.7
61.1
56.7
60.1
53.9
58.8
53. 5
57. 6
53.5
55.0
54.7
63.7
65.9
66.5
70.9
66. 8
74. 5
65. 6
70. 7
64.4
64.4
67. 3
70.1
109. 3
96 7
32. 2
149.6
129. 8
42.5
.28
.85
.80
.28
.80
.80
3
6
6
112.9
89 9
25.9
.28
.84
.80
.28
.84
.80
.28
.84
.80
r 995. 3
198.8
17'? 8
r 980. 4
201.7
168. 5
942. 8
197. 6
150.9
289. 6
250 0
84.1
302. 6
902 4
85.2
298. 3
210. 8
85. 2
T
.28
.84
.80
.28
.84
.80
19.8 . .
15.3
10. 1
. 503
7. 8 . . .
p .951
.28
.84
.80
.28
.84
.80
.28
.78
.81
3 926 2
1, 640. 6
855 8
303 9
1 1 05 3
419.2
198 6
84 1
1 091 4
405. 8
187 1
83 2
1 534 6
499 5
497 g
44 fj i
643 3
713.5
162 7
280. 7
164 0
274 0
150 0
239 5
972
356.
161
77
39. 12
38
p 36. 2 .
p 18. 3 . . . .
p 18.3
-
149. 6
129. 8
42. 5
136.5
136. 3
29.3
117.3
109 7
23. 3
.28
.84
.80
91
152
i.._;
774 ....
2, 086
2, 295
22. 6
220.7
222.0
19.8
22. 0
.28
.72
.81
.28
.72
.81
.28
.72
.81
P .28 .....
v ,72
p . 81 . . - -
2
7
2
5
!
173, 701
12,912
13,711
126 0
16, 413
14,600
13, 958
127 8
14, 222
12, 745
12, 821
113 6
14,061
15, 227
is, mi
i 17.971
mil Ib
do
do
do
274.7
112.3
271.6
108.9
266. 7
103.6
277. 2
114.6
23.4
9.0
28.1
9.1
23.3
9.1
24.0
7.0
229.3
2 11.3
33.0
10.8
23.4
8.5
26.9
9.5
23.0
8.5
23.1
8.3
2 28. 1
29.6
25. 7
11.4
18.9
5.8
21.4
12.5
22.1
8.3
26.4
16.1
2 22. 6
29.5
18.7
9.3
17.7
8.6
14.7
5.0
16. 1
7.7
15.9
7. 0
2 19. 0
27.8
19.3
8. 6
$ per Ib
do...
do
1.249
1.192
1.156
1.349
1,171
1.259
1.280
1.235
1.225
1.291
1.229
1.225
1. 325
1.225
1.235
1.350
1.225
1.275
1. 375
1.225
1.275
1.375
1.183
1.275
1.395
1. 175
1. 275
1.395
1. 165
1.275
1.390
1. 120
1.275
1.360
1 , 098
1.275
1.325
1.097
1.275
l!()75
1.225
1.225
1.288
1.
. 975
1 . 050
1. IKS j 1. 175
107.8
108.2
109.6
109.6
110.2
110.2
109.1
109.7
109. 7
109. 1
108. 0
106.5
103. 4
102. 8
100.7 |
102.7
102.7
103.2
102.7 '
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, American
system, wholesale price
1957-59 = 100-.
Woolen and worsted woven goods, exc. felts:
Production (qtrlv )
mil lin yd
Suiting, price (wholesale), flannel, men's and
boys', f.o.b. mill
1957-59 = 100
j
74.5
267 3
100.2
102. 7
102.4
102. 7
102.7
Revised.
v Preliminarv.
' Season average.
- For 5 weeks, other months, 4 weeks.
3
Margins thru July 1966 reflect 4 equalisation payments 5to domestic users (Aug.
1965 July
6
1966, 5.75 cents per pound).
Less th-in 500 bales.
For month shown.
See "O,"
p. S-21.
« Reflects decrease in the 1966 national average loan rate.
§Data beginning Aug. 1965 for knitting yarn, May 1966 for weaving yarn, and Aug. 19r>6
2
607
(4)
22.0
21.9
.17
38.75
519 4
thous. sq. yd.. 6 167, 083
WOOL
Wool consumption, mill (clean basis):
Apparel class
Carpet class
Wool imports, clean yield* _ _ _
Duty-free (carpet class)*
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
Graded fleece, % blood
Australian, 64s, 70s, good topmaking
r
3,795
99
28. 0
29.6
1
1
61 7
74 2
102.7
102. 7
102.7
102. 7
102.7
102. 7
for denim are not strictly comparable with earlier prices.
9 Includes data not shown separately.
* New series. Sources: Polyester staple price, U.S. Dept. Labor; wool imports, K.S. 1 ) e PtAgriculture from Bureau of the Census records (such imports exclude animal hairs). Data
arc available as follows: Price, bae'-c to 1955; noncellulosic varn and staple—production t >
1951; stocks, to 1953; wool imports to 1948.
SURVEY OF CURRENT BUSINESS
S-40
Unless otherwise stated, statistics through 1964
and descriptive notes are shown in the 1965
edition of BUSINESS STATISTICS
1965
1966
March
1966
Jan.
Annual
Mar. 1 Apr.
Feb.
May
June
1967
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
20, 096
15 873
18 323
Fe
TEXTILE PRODUCTS—Continued
APPAREL
thous. doz. pairs
194, 753
210, 394
15,016
16, 033
18, 299
16,003
15, 491
18, 230
15, 794
20 527
19, 095
19, 938
- -. thous. units
_ .__
do
22, 419
4,436
20,715
3,799
1,766
274
1 787
245
2,123
301
1,848
351
1,812
357
1,858
1,073
384
252
1,762
373
1,688
414
1,826
330
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
12, 492
139,009
13, 148
145, 673
1,161
11,295
1,123
11 116
1,290
13 569
1,214
12, 763
1,152
13, 106
1,139
13 446
692
9,741
1,099
13,521
1,064
13 122
1,079
11 846
30, 321
27 827
2,331
2 406
2 749
2,446
2,371
2 341
1,604
2, 178
2 373
2 392
4,867
3,949
5,909
4,096
435
341
436
351
485
406
369
464
352
487
356
380
272
584
348
520
354
533
332
25,620
274, 541
11, 736
24 592
271, 646
10, 481
2,041
19,810
885
2,353
23, 629
1,057
1,902
31, 100
1,102
1,539
26, 834
709
1,550
24. 138
7°2
2 257
22,800
899
2, 144
17, 677
2,451
21, 897
881
16,919
9 906
15 012
10, 211
T
T
r
r 1 180
r 1 326
r I 089
956
977
1 075
' 1 163 1 238
929
824
ITosierv, shipments
Men's apparel, cuttings:};
Tailored garments:
Suits
Overcoats and topcoats
Women's, misses', juniors' outerwear, cuttings:!
Coats
thous. units
Dresses
.
do
Suits
_.
.. do
Blouses, waists, and shirts
Skirts
thous. doz
do
r
1 318
773
1 532
759
1 557
781
I 365
872
852
' 1, 736
T
283
1,436
236
11 649
1,080
10 499
2 446
2 187
'520
'331
596
284
2 109 ' 2 401T r 2 168
20,784
21, 523 »• 23,144
r
'932
791
918
1,677
18, 310
r
1r 196
992
T
r 1, 055
r
r
733
1 055
T
764
793
509
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), qtrly. total
mil. $
U.S . Governm ent
do
Prime contract-do
Sales (net), receipts or billings, qtrly. total, --do
U.S. Government
do
22, 183
14, 571
20, 101
17, 016
12 535
6,440
3,900
5 233
4,667
3 315
5, 788
3,011
5,171
5, 006
3, 560
9,093
5,693
8 389
5,076
3,715
Backlog of orders, end of period 9
_do
U.S. Government
do
Aircraft (complete) and parts
do
Engines (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units, and parts _ - _
mil. $
Other related operations (conversions, modifications), products, services .
mil. $
20, 385
13, 696
8,885
2 503
22, 156
14, 358
10, 124
2,846
22, 938
13, 809
10, 939
3 022
26 955
15, 787
13, 911
3 557
5,480
5,142
4,538
4 779
1,856
2,201
2,360
Aircraft (civilian): Shipments©
Airframe weight©
Exports
2 417
172.7
3,596
31.7
169.1
3,400
47.0
186.8
3,797
68.8
198.3
4,265
61.8
224.8
4,809
41.3
169.8
3,747
54.4
148.6
3,106
31.3
161.7
3,372
44.6
149.4
3,448
29.2
148.4
3,040
66.6
159.3
3,384
23.5
198.4
4,019
53.7
11.057.4 10, 329. 5
10. 716. 6 9, 943. 5
9, 305. 6 8, 598. 3
9, 100. 7 8, 336. 9
1.751.8 1, 731. 2
1,615.9 1, 606. 6
950.1
921.1
798.0
780.4
152.1
140.7
917.6 1, 089. 8
889.9 1,061.5
766.3
919.8
748.8
902.0
151.3
170.1
141. 1
159.5
963.2
935. 5
811.0
793.9
152.3
141.6
948.8
921.1
787.8
771.2
161.0
149.9
985.9
959.2
818.6
802.5
167.3
156.7
625.3
605.6
488.4
480.0
136.9
125. 6
211.9
196.3
143.8
136.4
68.1
59.9
747. 2
709. 9
621. 8
592. 4
125.5
117.5
985.3
936.9
835.3
797.7
150.0
139.3
980.7
928.5
832.6
791.2
148.1
137.2
923. 6
878.1
775.1
740.5
148.5
137. 6
do
do
do
do
do
i 3105. 03
i 10 42
1 3 59. 67
i 5. 77
1
7.29
177. 58
12 72
78. 64
6.79
10. 70
10.81
1.21
6.12
.63
.75
9.95
1.17
6.65
.48
.84
13.29
1.38
7.11
.65
1.44
10.37
1.07
6.08
.65
.87
9.92
1.21
6.36
.56
.95
7.49
1.12
7.27
.70
1.07
5.70
.97
7.83
.57
.84
4.61
1.15
6.41
.51
.52
19.18
.83
5.24
.59
.74
27.64
.90
6.35
.49
1.00
28.31
.81
5.98
.55
1.01
30.31
.91
7.23
.42
.70
do
do
do
559. 43
8.00
7.60
858. 15
5. 75
42. 96
64.63
1.01
2.66
57.14
.46
2.13
77.26
.58
2.68
49.41
.47
1.47
74.06
.57
2.22
80,77
.38
4.06
69.34
.46
4.07
47.53
.20
4.05
77.38
.51
2. 02
73.38
.58
3.26
78.69
.30
3.91
108. 55
.22
10.43
103, 756
65, 909
14, 653
113, 545
75, 527
18, 402
8,503
5,674
1,488
8,489
5,593
1,621
11,546
7, 572
2,263
10,968
7,018
975
10, 136
6,673
1,895
10, 690
6,928
1,719
7,763
5,206
1,591
8,835
6,232
1,793
9,790
6, 600
1,406
9,603
6, 468
975
8,794
5,961
1,454
r 8, 376
' 5, 602
1,222
8,208
5,535
1,739
9,313.9 s 9,008. 5
569.4 5 s 658. 1
I , 528. 9 1,610.4
606.6
37.0
109.2
721.6
48.8
129.0
878.8
59.7
143.4
822.6
55.6
148.6
777.2
50.6
144.0
752.5
52.6
137.4
832.7
59.0
151.0
743.6
58.1
141.6
573.8
64.4
121.9
766.7
64.7
128. 0
732.1
51.7
120.1
808.2
56.3
136.8
616.1
46.4
113 ?,
s 90, 190
& 67, 785
22, 405
7.724
5,296
2, 428
6,262
4,550
1, 712
8,054
6,009
2,045
7,262
5,689
1,573
7,500
5,473
2, 027
7,508
5,307
2,201
6,799
4,820
1,979
8,385
6, 251
2, 134
7,436
5,982
1,454
7,787
6, 503
1, 284
7,368
5,757
1,611
8,043
6, 086
1,957
7,217
5,929
1,288
8,384
5, 830
2, 554
12,561
11,064
1,497
11,244
9,229
2,015
12,112
7,957
4,155
9, 510
8,813
697
5,734
4, 658
1,076
0, 201
4, 463
1,738
8,401
5, 164
3, 237
7,690
5,922
1,768
5,966
5,218
748
6, 231
8,378
' 4, 488 2,866
1,743
5,512
2,055
1,743
312
56, 618
40, 426
16, 192
46, 004
33, 644
12,360
51, 760
39, 878
11,882
54, 721
42, 905
11,816
59, 652
45, 219
14, 433
61, 596
48, 478
13,118
60, 378
48, 341
12, 037
59, 874
48, 082
11,792
59, 750
46, 861
12. 889
59, 508
46, 407
13,101
57, 883
45, 328
12, 555
56, 437
43, 781
12, 656
56, 618
40, 426
16, 192
51, 450
38, 943
12, 507
15
83
0
14
0
20
0
20
0
20
0
70
0
70
6
64
ii
59
3
56
0
56
0
83
0
83
0
83
» 1,481
5.3
1,497
4.8
1,479
5.3
1,480
5,4
1,480
5.0
< 1, 484
4.9
1,486
5.0
1,487
4.9
1.487
4.9
1,489
5.0
1,489
5.0
1,491
5.0
1,491
4.7
1,497
4.8
1,496
5.0
* 88. 20
59. 58
91.58
61.19
88.30
59.68
88.50
59.78
88.70 4 89. 00
59.90 i 4 59. 97
89.30
(50. 08
89.57
60. 23
89. 71
90.03
60.48
90. 20
60. 59
90.50
60.71
90.71 ! 91.58
60. 82
61.19
91.72
61.31
1. 592. 0 2, 087. 3
do
thous. lb_. 32, 200 43, 982. 8
473.0
mil. $
553. 7
MOTOR VEHICLES
Factory sales, total
Domestic .
Passenger cars, total
Domestic
Trucks and buses, total
Domestic
Exports:
Passenger cars (new), assembled
Passenger cars (used)
Trucks and buses (new) assembled
Trucks and buses (used)
Truck and bus bodies for assembly*
Imports:
Passenger cars (new) complete units
Passenger cars (used)
Trucks and buses, complete units
Shipments, truck trailers:
Complete trailers and chassis
Vans
Trailer bodies, chassis, sold separately
Registrations:©
New passenger cars
Foreign cars
New commercial cars (trucks)
thous
do
do
do
do
do
number
do
do
thous
do _
do
797.3 2 661. 9
758.1
651. 2 2 520. 0
625.0
146.1 2 142. 0
133.1
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments
Equipment manufacturers, total
Railroad shops, domestic
number
do
do
77, 881
53, 377
24, 504
New orders
Equipment manufacturers, total
Railroad shops, domestic---
do
do
do
88 218 5 102, 393
65, 547 s 75, 753
22, 671 s 26, 640
Unfilled orders, end of period
Equipment manufacturers total
Railroad shops, domestic
do
do
do
45. 266
3° 873
12, 393
Passenger cars: Shipments
do
Unfilled orders, end of per. --do
Freight cars (revenue), class 1 railroads (AAR):§
Number owned end of period
thous
Held for repairs % of total owned
Capacity (carrying), aggregate, end of period*
mil. tons..
Average per car
_..
ton?
r
3
1
201 !
14 |
4
l
2
Revised.
See note "O" for p. S-21.
Preliminary estimate of production.
Beginning Jan. 1965, data exclude exports of incomplete (unassembled) vehicles.
See note " §."
•> Annual total includes revisions not distributed by months.
{Monthly revisions for 1963-64 are available upon request.
9 Total includes backlog for nonrelated products and services and basic research.
©Data include military-type planes shipped to foreign governments.
r»o. 34
r
*New series. Monthly data prior to 1965 are available upon request.
OCourtesy of R. L. Polk & Co.; republication prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars. Effective Apr.
I960, data include cars owned by three class II roads (over 2,600 cars end of Apr. 1966). Also,
change in definition of class 1 railroads, as stated in 1965 BUSINESS STATISTICS note, is reflected
in figures beginning IX'C. i'M5, instead of Jan. 1965.
INDEX TO CURRENT BUSINESS STATISTICS, Pages S1-S40
SECTIONS
General :
Business indicators
..............
.
..........
Commodity prices
..........................
Construction and real estate
.................
Domestic trade
.............................
1-7
7, 8
9, 10
10-12
Employment and population
.................
Finance
...................................
Foreign trade of the United States
............
Transportation and communications ..........
12-16
16-21
21-23
23,24
Industry :
Chemicals and allied products
................
Electric power and gas. . . .
..................
Food and kindred products; tobacco
..........
Leather and products
.......................
25
26
26-30
30, 31
Lumber and products
.......................
Metals and manufactures
....................
Petroleum, coal, and products
................
Pulp, paper, and paper products
..............
31
32-34
35, 36
36, 37
Rubber and rubber products
.................
37
Stone, clay, and glass products
...............
38
Textile products
............................
38-40
Transportation equipment. . . . .
..............
40
INDIVIDUAL SERIES
Advertising
10,11,16
Aerospace vehicles
40
Agricultural loans
16
Air carrier operations
23
Aircraft and parts. .
3,6,13-15,40
Alcohol, denatured and ethyl
25
Alcoholic beverages
8,10,26
Aluminum
23,33
Apparel
1,3,4,7,8,10-15,40
Asphalt and tar products
35,36
Automobiles, etc
1, 3-8,10,11,13-15,19,22,40
Balance of international payments
2
Banking
16,17
Barley
27
Barrels and drums
33
Battery shipments
34
Beef and veal
28
Beverages
4,8,10,26
Blast furnaces, steel works etc
5,6,13-15
Bonds, outstanding, issued, prices, sales, yields
18-20
Brass and bronze.
33
Brick
38
Broker's balances
20
Building and construction materials . 5,6,8,10, 31, 36,38
Building costs
9,10
Building permits
9
Business incorporations (new), failures
7
Business sales and inventories
4,5
Butter
27
Cans (tinplate)
33
Carloadings
24
Cattle and calves
28
Cement and concrete products
8-10, 38
Cereal and bakery products
8
Chain-store sales, firms with 11 or more stores...
12
Cheese
27
Chemicals
4-6,8,13-15,19,22, 25
Cigarettes and cigars
8, 30
Civilian employees, Federal
14
Clay products
8,38
Coal
4,8,13-15,22,24,35
Cocoa
23,29
Coffee
23,29
Coke
. 24, 35
Communications
2,13-15,20,24
Confectionery, sales
29
Construction:
Contracts
9
Costs
9,10
t
Employment hours, earnings, wages.
13-16
Fixed investment, structures
1
Highways and roads
9,10
Housing starts
9
New construction put in place
9
Consumer credit
17,18
Consumer expendituree
1
Consumer goods output, index
3,4
Consumer price index
7
Copper
23, 33
Corn
27
Cost of living (see Consumer price index)
7
Cotton, raw and manufactures
7,8,22,38,39
Cottonseed cake and meal and oil
30
Credit, short- and intermediate-term
17,18
Crops
3,7,27, 28,30, 38
Crude oil and natural gas
4,13-15,35
Currency in circulation
19
Dairy products
Debits, bank
Debt, U.S. Government
Department stores
Deposits, bank
Disputes, industrial
Distilled spirits
Dividend payments, rates, and yields
Drug stores, sales
3, 7,27
16
18
11,12,17
16,17,19
16
26
2, 3,18-21
11,12
Earnings, weekly and hourly
14-16
Eating and drinking places
11,12
Eggs and poultry
3,7,29
Electric power
4,8,26
Electrical machinery and equipment
3,
5,6,8,13-15,19,22,34
Employment estimates
12-14
Employment Service activities
16
Expenditures, U.S. Government
18
Explosives
25
Exports (see also individual commodities).. . . 1,2,21—23
Express operations
23
Failures, industrial and commercial
7
Fans and blowers
34
Farm income, marketings, and prices
2,3,7
Farm wages
16
Fats and oils
8,22,29,30
Federal Government
finance
18
Federal Reserve banks, condition of
16
Federal Reserve member banks
17
Fertilizers
8,25
Fire losses
10
Fish oils and
fish
29
Flooring, hardwood
31
Flour, wheat
28
Food products
1,4-8,10,11,13-15,19,22,23,27-30
Foreclosures, real estate
10
Foreign trade (see also individual commod.)
21-23
Foundry equipment
34
Freight carloadings
24
Freight cars (equipment)
4,40
Fruits and vegetables
7,8,22
Fuel oil
35,36
Fuels
4,7,8,22,35, 36
Furnaces
34
Furniture
3,4,8,11-15,17
Furs,
23
Gas, output, prices, sales, revenues
Gasoline
Glass and products
Glycerin
Gold
Grains and products
Grocery .stores
Gross national product
Gross private domestic investment
Gypsum and products
4,8,26
1,35,36
38
25
19
7,8,22,24,27,28
11,12
1
1
8,38
Hardware stores
11
Heating equipment
8,34
Hides and skins
8,30
Highways and roads
9,10
Hogs
28
Home Loan banks, outstanding advances
10
Home mortgages
10
Hosiery
40
Hotels
14,15,24
Hours of work per week
14
Housefurnishings
1,4,7,8,10-12
Household appliances and radios
4,8,11,34
Housing starts and permits
9
mports (see also individual commodities)
1,22,23
ncome, personal
2, 3
neome and employment tax receipts
18
ndustrial production indexes:
By industry
3,4
By market grouping
3,4
nstallment credit
12,17,18
nstallment sales, department stores
12
nstruments and related products
3,5,13-15
nsurance, life
18,19
nterest and money rates
17
nventories, manufacturers* and trade....... 4—6,11,12
nventory-sales ratios
5
ron and steel
3, 5,6,8,10,13-15,19,22, 23,32, 33
Labor advertising index, disputes, turnover
16
Labor force
12
Lamb and mutton
28
Lard
28
Lead
33
Leather and products
3,8,13-15, 30,31
Life insurance
18,19
Linseed oil
30
Livestock
3,7,8,24,28
Loans, real estate, agricultural, bank, brokers*
(see also Consumer credit)
10,16,17,20
Lubricants
35,36
Lumber and products
3,8,10-15,19,31
Machine toools
34
Machinery
3, 5,6,8,13-15,19,22,34
Mail order houses, sales
11
Manmade fibers and manufactures
8,39
Manufacturers* sales (or shipments), inventories,
orders..
4-6
Manufacturing employment, production workers,
payrolls, hours, earnings
13-15
Manufacturing production indexes
3,4
Margarine
29
Meat animals and meats
3, 7,8,22,28
Medical and personal care
7
Metals
3-6,8,13-15,19,22,23,32-34
Milk
27
Mining and minerals
2-4,8,13-15,19,20
Monetary statistics
19
Money supply
19
Mortgage applications, loans, rates
10,16,17
Motor carriers
23,24
Motor vehicles
1,3-8,10,11,13-15,19,22,40
Motors and generators
34
National defense expenditures
1,18
National income and product
1,2
National parks, visits
24
Newsprint
23,37
New York Stock Exchange, selected data
20,21
Nonferrous metals
3,8,19,23,33,34
Nomnstallment credit
17,18
Oats
Oil burners
Oils and fats
Orders, new and unfilled, manufactures*
Ordnance.
27
34
8,22,29,30
6
13-15
Paint and paint materials
Panama Canal traffic
Paper and products and pulp
8,25
24
3,
5,6,8,13-15,19,23,36,37
Parity ratio
7
Passports issued
24
Payrolls, indexes
14
Personal consumption expenditures
1
Persona] income
2,3
Personal outlays
2
Petroleum and products
4-6,
8,11,13-15,19,22,23,35,36
Pig iron
32
Plant and equipment expenditures
2,20
Plastics and resin materials
25
Population
12
Pork
28
Postal savings
17
Poultry and eggs
3,7,29
Prices (see also individual commodities)
7,8
Printing and publishing
4,13-15
Profits, corporate
'. . .
2,19
Public utilities
2-4, 7-9,13-15,19-21
Pullman Company
24
Pulp and pulpwood
36
Purchasing power of the dollar
8
Radiators and convectors
34
Radio and television
4,8,10,11,34
Railroads
2,13,14,16, 20, 21, 24,40
Railways (local) and bus lines
13-15,23
Rayon and acetate
39
Real estate
10,17,18
Receipts, U.S. Government
18
Recreation
7
Refrigerators and home freezers
34
Rent (housing)
7
Retail trade
4,5,7,11-15,17,18
Rice
27
Roofing and siding, asphalt
36
Rubber and products (incl. plastics)
4-6,
8,13-15,23,37
Saving, personal
Savings deposits
Securities issued
Security markets
Services
Sheep and lambs
Shoes and other footwear
Silver
Soybean cake and meal and oil
Spindle activity, cotton
Steel ingots and steel manufactures
Steel scrap
Stock prices, earnings, sales, etc
Stone, clay, glass products
Stoves and ranges
Sugar
Sulfur
Sulfuric acid
Superphosphate
2
17
19,20
20,21
1,7,13-15
28
8,11,12,31
19
30
39
32,33
32
20,21
3-5,8,13-15,19,38
34
23,29
25
25
25
Tea imports
29
Telephone, telegraph, cable, and radiotelegraph
carriers
13-15,24
Television and radio
4,8,10,11,34
Textiles and products
3, 5,6,8,13-15,19,22,38-40
Tin
23, 33
Tires and inner tubes
8, ll, 12, 37
Tobacco and manufactures
4-8,10,13-15,22,30
Tractors
22,34
Trade (retail and whoelsale)
4, 5,11,12
Transit lines, local
14,15,23
Transportation
1,2, 7,13-15,23,24
Transportation equipment
3-6,13-15,19, 40
Travel
23,24
Truck trailers
40
Trucks (industrial and other)
34, 40
Unemployment and insurance
U.S. Government bonds
U.S. Government
Utilities
Vacuum cleaners
Variety stores
Vegetable oils
Vegetables and fruits
Vessels cleared in foreign trade.
Veterans' benefits
12,16
16-18, 20
finance
18
2-4,9,13-15,19-21, 26
34
. . 11,12
30
. .. 7,8,22
24
. 16,18
Wages and salaries
...................
2,3,14-16
Washers and driers
..................
34
34
Water heaters
.......................
24
Waterway traffic
....................
Wheat and wheat
flour
...............
28
Wholesale price indexes
................
8
Wholesale trade
........................
4, 5, 7, 13-15
Wood pulp
..................................
36
Wool and wool manufactures
...............
7, 8, 23, 39
Zinc.
33,34
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