Full text of Survey of Current Business : March 1968
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MARCH 1 968 / VOLUME 48 NUMBER
OF
CONTENTS
THE BUSINESS SITUATION
U.S. Department of Commerce
Summary
1
National Income and Product Tables
4
Manufacturers' Inventory and Sales Expectations,
First Half of 1968
8
ARTICLES
Business Investment and Sales Expectations, 1968
10
The U.S. Balance of Payments in the Fourth Quarter
and Year 1967
15
NEW OR REVISED STATISTICAL SERIES
Machine Tools Orders and Shipments
35
C. R. Smith / Secretary
William H. Chartener / Assistant Secretary
for Economic Affairs
Office of Business Economies
George Jaszi / Director
Morris R, Goldman Louis JL 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;
Francis L, Hirt
David R. Hull, Jr/
Donald A. King
Marie P» Hertzberg
Articles:
Genevieve B. Wimsatt
CURRENT BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
Subject Index (Inside Back Cover)
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the BUSINESS SITUATION
AGGRI GATE demand and producIE
tion are increasing substantially in the
current quarter, mainly because of
rising consumer expenditures, advancing government outlays, and the recovery in business spending for new
plant and equipment. At present, not
enough information is available to show
what is happening to total inventory
investment, but the increase in output
undoubtedly reflects chiefly the upsurge
in final sales. This is in contrast to the
fourth quarter of 1967, when the rise in
inventory investment accounted for
one-third of the gain in current dollar
GNP, and final sales showed their
smallest quarterly increase of the year.
With demand buoyant and pressures
on costs continuing, prices are advancing at the rapid pace evident in the
second half of 1967.
A strong demand for labor is accompanying the increase in output, and
the overall rate of unemployment remains low. Excess capacity is still a
depressing influence on investment in a
number of industries, but it is not
enough to offset the stimulating effects
of rising output and profits. The latest
OBE-SEC survey (pp. 10-14) indicates
that the investment decline in the first
three quarters of 1967 was reversed in
the closing quarter of last year and that
businessmen are scheduling moderate
increases in outlays in both halves of
1968. If anticipations materialize, current dollar outlays for the full year will
be 6 percent higher than in 1967.
Most of the broad measures of economic activity now available for February registered an improvement over
January, after seasonal adjustment.
Employment and payrolls adjvanced
much mpre in February than in Janu
ary, and there was a further increase in
retail sales, according to advance reports, after a considerable rise in the
preceding month. However, industrial
production was about unchanged following a rather sharp decline the month
before.
CHART I
Businessmen Expect for 1968
• A 6 percent rise in investment outlays over 1967
• Second half of 1968 to be above first
• Large sales increases over 1967
PLANT AND EQUIPMENT
EXPENDITURES
20 -
Retail sales buoyant
The February sales figures, like those
of the month before, reflected increases
in durable and nondurable goods stores,
which brought retail sales in the middle
of the first quarter to a rate 4 percent
above the fourth quarter average. It
should be noted that fourth quarter
1967 sales had shown no improvement
over the third. On the basis of the data
for the first 2 months of 1968, it is
obvious that personal consumption
expenditures in the current quarter
will advance considerably over the
fourth quarter. Part of this rise will be
due to an improvement in automobile
sales. Sales of new domestically produced cars in January and February
were at a seasonally adjusted annual
rate of about 8% million units, as
compared with a rate of 7.3 million in
the strike-depressed October-December
period.
Income up sharply
1965
66
67
Annual
68
1967
1968*
- Quarterly -*-
2d
Half
Seasonally Adjusted
at Annual Rates
5 ~
65 66 67 68*
65 66 67 68*
65 66 67 68*
Change From Previous Year
"Anticipated
[
U.S. Department of Commerce, Office of Business Economics
It should not come as a surprise that
consumer buying is finally showing an
improvement in view of the rapid
increase in the flow of income since
last fall. In February, personal income
advanced at a seasonally adjusted
annual rate of $7% billion, following
increases of $6.5 billion in November,
$6.9 billion in December, and $1.6
billion in January. Although recent
monthly changes have been affected
by special circumstances—the recovery
from the auto strike in November, the
payment of the retroactive Federal pay
increase in December, the bad wither
in January, and the rise in the Federal
minimum wage in February—the underlying trend in income is strongly
upward.
SUEVEY OF CUEEENT BUSINESS
The bulk of the income advance in
February occurred in wage and salary
disbursements, which rose $6.3 billion
as a result of the combined effects of
higher employment, higher hourly earnings, and a longer workweek/Payrolls
increased substantially in all private
industry groups and were moderately
higher in the public sector. Nonpayroll
incomes were up slightly on balance,
with property incomes and transfer
payments each rising about $% billion.
Although prices received by farmers
increased further in February, farm
proprietors' income was about unchanged for the third straight month.
The February rise in seasonally
CHART 2
Payrolls Expand Sharply in
the First Quarter
Billion $
1UIAL WAUt AND SALAKY UliJBUKStMtNIS
•
•
lllll.lll
12
PRIVATE
lllll.lll
MANUFACTURING
GOVERNMENT
1966
1967
Change From Previous Year
*lncludes estimates for March.
U.S. Department of Commerce, Office of Business Economics
1968*
adjusted establishment employment
was particularly sharp. The increase of
about 550,000 employees was spread
over all major industry groups, but
nearly one-half of the total gain occurred in contract construction, where
extreme cold in mid-January depressed
employment.
Manufacturing industries showed a
net addition of 65,000 workers in
February, despite some work stoppages. A decline of 30,000 in the stone,
clay, and glass products group—caused
by a strike of glass bottle workers that
began on February 1—held the overall
employment advance in durable goods
manufacturing to 20,000; employment
in nondurables was up by 45,000, with
the major gain in textiles and apparel.
Employment in most other important
private industries and in government
continued to rise in February, the
largest increases occurring in retail
trade, services, and State and local
government.
Increase in minimum wages
Although the large advance in payroll incomes was due mainly to higher
employment and a longer workweek,
hourly earnings also edged up. The rise
in earnings partly reflected increases
in Federal minimum wage rates effective February 1, as provided by the
1966 amendments to the Fair Labor
Standards Act. The U.S. Department
of Labor estimates that more than
7 million workers received a pay raise
as a direct result of the revised wage
rates. An unknown number of workers
should benefit indirectly from the new
minimum since a rise in the basic rate
usually leads to other increases designed to maintain previously existing
pay differentials.
The 1966 amendments—which became effective in February 1967—not
only provided for a series of annual
increases in the minimum wage but,
among other things, also increased the
number of covered workers. Coverage
was extended to approximately 6 million workers in the service, construction,
and trade industries; this included 2
million employees of non-Federal hospitals and nursing homes and 2% million
workers in retail outlets. In addition,
March 1968
about 2K million government employees—approximately 1 million in public
schools—were newly covered, as were K
million workers on large farms, for a
grand total of nearly 9 million.
The minimum hourly rate applicable
to about 33 million nonsupervisory employees in enterprises that had been
required to pay the Federal minimum
prior to the 1966 amendments advanced 20 cents to $1.60 an hour on
February 1, 1968. This followed a 15cent increase in the preceding year.
Almost 6 million covered workers received pay increases this February
totaling an estimated $2 billion (annual
rate) because their earnings were below
the new minimum. Also on February 1,
the minimum wage of nonsupervisory
employees in enterprises to which coverage was extended in 1967 was raised
from $1.00 to $1.15 an hour. About 1.3
million workers of the nearly 9 million
newly covered employees in these industries will receive a total of $325
million more (annual rate) from the
new minimum. Next year, a further
increase to $1.30 per hour is scheduled
for these workers.
Industrial production little changed
Industrial production rose very little
in February after seasonal adjustment,
as a slight decline in manufacturing
output about offset increases in utilities
and mining. Strikes in the motor vehicle
and glass industries were important in
the manufacturing dip.
Steel output rose about 1 percent in
February after a decline in January.
H^dge buying by steel users appears to
be increasing. During January (the
latest month for which inventory data
are available) stocks of finished steel
held by manufacturing consumers increased by 600,000 tons, after seasonal
adjustment, for the largest month-tomonth advance since the current inventory buildup began early in the
fourth quarter of 1967. Stocks held by
producing mills stayed at about the
January level, after increasing almost
steadily for more than a year. For mills
and manufacturing consumers combined, the January increase in steel
stocks was moderately above the fourth
quarter average.
March 1968
SUKVEY OF CUEEENT BUSINESS
In the automobile industry, strikes
in plants of some major producers
again held production of motor vehicles
well below planned schedules. Assemblies of passenger cars and trucks in
February totaled 860,000 units, down
from 970,000 in January. After seasonal
adjustment, the decline over the month
amounted to about 2 percent; however,
for January and February combined,
output was well above the strikedepressed fourth quarter of 1967. March
production programs for passenger cars
call for about 800,000 completions,
which would be substantially above the
seasonally adjusted February rate.
pace of the consumer price advance
appears to have been fairly steady
since the spring of 1967, at about 0.3
percent per month. In January, price
increases for foods were widespread,
with the most sizable advances for
fresh vegetables, poultry, and fresh
milk. Among nonfood commodities,
auto dealers boosted new car prices in
January, and apparel prices declined,
but much less than they normally do.
Increases in service prices in January
reflected higher postal rates, boosts in
hospital service charges in many areas,
increases in a number of medical insurance plans, and higher taxicab fares.
Price rise continues
Domestic financial developments
Prices of goods and services have
continued to increase at a rapid pace in
early 1968. According to preliminary
data, the wholesale price index advanced 0.6 percent from January to
February as a result of increases in
farm and food products and industrial
commodities. The consumer price index
was up 0.3 percent in January.
Prices of farm products and processed
foods, which fluctuated in a fairly
narrow range in 1967, have risen slightly
this winter. Wholesale prices of industrial commodities increased 0.4 percent
in both January and February, well
above the rate of increase in the second
half of 1967. Increases have been widespread among the commodity groups.
The high level of production in the steel
industry strengthened demand for steel
scrap, and the long strike in the copper
industry has led to higher prices for a
number of copper-containing products.
Other significant price increases in the
early part of 1968 occurred for new
cars and trucks, and crude oil and home
heating oil. In contrast, there were
reductions for synthetic and natural
rubber and a few chemicals.
The consumer price index continued
up in January, with large advances in
the prices of foods and services. The
The effects of large Treasury operations dominated the financial scene
in February. Aside from the normal Fourth quarter profits
turnover of short-term bills, the TreasAccording to preliminary data, corury entered the market first in mid- porate profits including IVA showed a
month with over $5 billion in refunding sizable advance of $3% billion in the
and pre-refunding notes, and again on fourth quarter, reaching a seasonally
February 21 with nearly $4.3 billion in adjusted annual rate of $83 billion.
new cash notes. During periods of large Frequently, yearend accounting adjustGovernment financing, it is customary ments affect fourth quarter profits, and
for the Federal Eeserve System to sup- a development of this kind may have
port the Treasury's operations by influenced the latest increase. Much of
maintaining order and stability in the fourth quarter rise centered in
financial markets. Such support gen- manufacturing, where increases were
erally involves the System in open widespread. The fourth quarter results
market purchases of government securi- indicate that profits recovered much of
ties, which can in turn lead to an ex- the ground they lost in the slowdown in
pansion in member bank reserves. It the early part of 1967, and in view of
was against this background that the the large rise in output now underway,
monetary authorities moved toward a it is fairly likely that they will record
somewhat more restrictive stance in a new high in the current quarter.
Book profits, which exclude the IVA,
their credit policy. This move was
reflected in a slightly slower growth in rose $5% billion before taxes to reach
total member bank reserves than oc- a record $85% billion. After-tax profits,
curred a month earlier, in the transition with a rise of $3% billion, were also at
during the month from a surplus to a a new high. Since dividends declined
deficit in free reserves, and in a leveling in the fourth quarter, the gain in
retained earnings was an extremely large
off in the money supply.
Although the total reserves of mem- $4% billion. This increase, coupled
ber banks grew less rapidly in February with the steady advance in depreciathan in January, the advance was tion, resulted in a record rate of cash
sufficient to allow an expansion of $4 flow to corporate business.
billion in commercial bank credit, most
of it in the form of U.S. Government
securities. Bank investment in such
securities rose nearly $3 billion, seasonally adjusted—a development reflecting largely the fact that commercial
banks acquired roughly four-fifths of
the $4.3 billion Treasury note issue of
February 21. The loan component of
bank credit rose about $1 billion last
month, with loans to security dealers
up rather sharply while growth in
business loans was up only slightly.
Last month's modest move toward
tighter credit had little impact on
financing costs. During February, most
rates and yields moved within very
narrow ranges, showing little net change
for the month as a whole.
SURVEY OF CURRENT BUSINESS
March 1968
NATIONAL INCOME AND PRODUCT TABLES
1966
1966
1967
III
II
IV
1967
1966
1967
III
IV
1966
1967
III
II
IV
III
IV
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Billions of 1958 dollars
Billions of current dollars
Table 3.—Gross National Product in Current and Constant Dollars (1.1, 1.2)
743 3
Fixed investment
762 1
766 3
775 1
791 2
807 3
652 6
669 3
654 8
661 1
660 7
664.7
672.0
679.6
470 1
473 g
480 2
489.7
495 3
501.8
418 0
430.1
420.4
420.4
424.2
430.6
431.5
434.0
72 1
217 5
202 1
70 9
209 5
189 8
70 6
210 3
192 9
69 4
214 2
196 6
72 5
217 2
200 0
72 7
218. 5
204 1
73 8
220.3
207 7
71.3
187.7
159 1
72.1
193.0
165 0
71.9
188.8
159 8
71.1
188.4
160.9
69.7
191.8
162.6
72.9
193.6
164.1
72.7
192.8
166.0
73.0
193.6
167.4
118 0
Gross private domestic investment
748 8
491 7
70 3
207 5
188 1
Durable goods.. _
Nondurable goods
Services
785 0
465 9
Gross national product
Personal consumption expenditures _.
112 1 116 4
122 2
110 4
105.1
112 2
120.8
105 6
96.9
103.6
108.4
96.9
91.3
96.4
103.0
108 4
111 6
93 0
92.1
93.0
91.2
90.2
90.9
92.9
94.4
73 6
23.7
49.9
74.2
23.0
51.2
73.0
22.9
50.1
72.6
21.7
51.0
73.2
21.5
51.7
73.3
21.4
52.0
104 6
107 0
104 9
103 7
103 3
104 6
Nonresidential _
Structures.. _ _
Producers' durable equipment-
80 2
27 9
52 3
82 6
26 8
55 7
81 2
28 2
53 1
82 8
27 7
55 1
81 9
27 7
54 2
81 5
26 3
55 2
82 8
26 6
56 2
84 0
26 7
57.3
72 8
23 6
49 2
73 0
21.8
51.2
Residential structures
Nonfarm
_ _
Farm
24 4
23 8
5
24 4
23 9
g
23 7
5
20 9
20 4
5
21 4
20 9
23 1
22 5
13 4
13 7
— 3
52
48
4
11 4
12 0
— 5
18 5
19 0
— 5
_
Change in business inventories
Nonfarm
Farm_._ _ __
oo o
25 6
25 0
Q
Q
27 6
27.0
6
20 2
19 7
5
19.1
18.6
5
19.4
19.0
5
17.0
16.5
.5
17.3
16.8
.5
18.3
17.8
.5
19.7
19.2
.4
21.0
20.6
.4
71
73
— 2
5
6
— 1
38
34
4
9.2
77
15
12 6
12 9
— 3
4.8
4 4
.4
10.6
11.1
K
17.2
17.7
—.5
6.7
6.8
-.2
.4
.5
—.1
3.5
3.2
.4
8.7
7.2
1.5
Q
_ __ _
Exports
Imports
Government purchases of goods and services
Federal
National defense
Other ._
51
4 8
4 6
3.0
4 4
3.6
4.1
3.2
4.1
4.1
4.2
1.9
43 7
39 0
53
45 3
39*9
5.4
45 3
40 6
4.3
44 o
39 7
5.3
43 0
37 9
Net exports of goods and services
45 1
39 8
45 6
40 2
45 4
42 4
40 8
36 4
42 5
38 9
41 4
37.3
41.2
38.0
42.4
38.3
42.3
OQ 2
42.8
38.6
42.5
40.7
154 3
176 3
157 7
161 7
170 4
175.0
178 2
181.7
124 5
138.7
126.6
129.1
135. 5
138.7
139.9
140.7
87 1
70 2
16 8
89 5
72 5
17 0
90 9
73.3
17 6
92 2
74.2
18 0
64 7
74.1
66.4
67.8
72.3
74.4
75.1
74.7
83 3
85 4
87 4
89 5
59 9
64.6
60.1
61.3
63.2
64.3
64.9
66.0
77 o
60 5
16 5
State and local
79 5
63 0
16 6
77 2
_ _
89 9
72 5
17 4
81 5
65 6
15 9
86 4
78 1
80 2
Table 2.—Gross National Product by Major Type of Product in Current and Constant Dollars (1.3, 1.5)
743 3
Goods output.
Durable goods
.
Final sales
_
Change in business inventories
Nondurable goods
Final sales
Change in business inventories
Services
Structures
._
775 1
791 2
807.3
652 6
669.3
654.8
661.1
660.7
664.7
672.0
679.6
779 8
52
737 4
11 4
743 6
18 5
759 2
71
774 6
5
787 4
38
798.1
9.2
639 9
12.6
664.5
4.8
644.2
10.6
643.9
17.2
654.0
6.7
664.3
.4
668.5
3.5
671.0
8.7
396 0
381 8
391 7
388 1
392 1
398 7
405.2
353 7
361.4
354.7
361.1
356.6
359.5
362.9
366.5
366 2
13 4
_ _
766 3
390 8
52
370 3
11 4
373 2
18 5
380 9 391 6
5
71
394 9
38
396 0
9.2
341 0
12 6
356 6
4.8
344.1
10.6
343.9
17.2
349.9
6.7
359.1
.4
359.4
3.5
357.8
8.7
154 6
144 7
99
158 5
155 7
2 7
155 7
145 8
99
161 1
148.3
12 8
153.9
150.5
34
155.5
156.0
— 6
161.4
157.9
35
163.1
158.6
45
150.0
140.6
9.3
150.2
147.8
2.4
150.8
141.6
9.2
154.2
142.3
11.9
146.6
143.6
3.0
148.3
148.9
-.6
153.0
149.8
3.2
152.9
148.8
4.1
225 0
221 5
35
237 5
235 1
25
226 1 230 6
224 5 224 9
15
57
234 2
230 5
37
236 6 237 3
235 5 237 0
11
3
242.1
237 4
4.7
203.7
200 4
3.3
211.2
208 8
2.4
203.9
202.5
1.4
206.9
201.6
5.3
210.0
206.3
3.6
211.2
210.2
1.0
209.8
209.5
.3
213. 6
209.0
4.6
311 2
291 6
296 9
303 1
307 8
313 5
320.3
235 2
245.8
237.9
239.8
242.7
244.4
246. 9
249.2
76 5
___
762 1
287 2
__
Final sales
Change in business inventories
748 8
379 6
Final sales
Change in business inventories _
785 0
729 9
13 4
Gross national product
77 8
75 5
73 5
75 2
75.2
79 o
81.8
63.7
62.1
62.2
60.2
61.3
60.8
62.3
64. p
Table 3.—Gross National Product by Sector in Current and Constant Dollars (1.7, 1.8)
Business
Nonfarm
Farm
_ _ _ _
Households and institutions
743 3
785 0
748 8
762 1
766 3
775.1
791 2
807.3
652.6
669.3
654.8
661.1
660.7
664.7
672.0
679.6
666 7
Gross national product
Private
699 6
670 6
681 9
683 9
690 9
705 2
718 7
597 5
610 2
599 0
604 2
602.7
606.0
612.5
619.6
642 4
617 6
24 8
673 6
649 6
24 0
646 2
621 6
24 6
656 9
633 0
23 9
658 7
635 1
23 6
665 3
641 9
23 3
679 0
654 6
24 4
691 4
666 6
24 8
578 9
556 4
22 4
590 5
566.4
24 1
580 2
558.0
22 2
585.1
562.7
22.4
583.6
559.9
23.7
586.6
563.0
23.6
592.7
568.4
24.2
599.2
574.4
24.7
15.6
20 1
21 5
20 3
20 6
21 1
21 4
21 2
22 1
14 7
15 3
14.8
14.9
15.1
15.3
15.0
Best of the world
4 2
4 6
41
4 4
41
4 2
49
5. 1
40
4.4
4.0
4.3
4.0
4.0
4.8
4.9
General government.
76 6
85 3
78 2
80 2
82 5
84 2
86 0
88 6
55 0
59 1
55 8
56.9
57.9
58.7
59.6
60.0
SUEVEY OF CURRENT BUSINESS
March 1968
1966
1966 1967*
III
1966
1967
IV
I
II
III
1966 1967*
IV*
III
Equals : Net national product
Equals : National income
Less: Corporate profits and inventory
valuation adjustment
Contributions for social insurance. . _ _ _
----Wage accruals less disbursements
Plus: Government transfer payments
to persons
Interest paid by government
(net) and by consumers
Dividends
Business transfer payments
Equals: Personal income
65.5
66.4
67.6
68.6
679.8 717.9 684.9 697.4 700.8 708.7 723.6 738.7
Less: Indirect business tax and nontax
liability .
65.1 69.7 65.9
2.8
Business transfer payments
2.7
2.7
Statistical discrepancy
-2.6 -3.0 -3.2
Plus: Subsidies less current surplus of
government enterprises
64.7
2.2
1.7
2.7
67.0
2.8
2.6
67.9 69.1 70.2 71.4
2.8
2.8
2.8
2.8
-4.0 -2.8 -1.2 -3.8
2.3
III
IV*
616.7 650.3 622.1 634.1 636.4 641.6 653.4 669.6
National income
_ . _ _ . . 743.3 785.0 748.8 762.1 766.3 775.1 791.2 807.3
63.9
II
Table 6.—National Income by Type of Income (1.10)
Table 4.'—Relation of Gross National Product, National Income,
and Personal Income (1.9)
67.0
I
Billions of dollars
Billions of dollars
Less: Capital consumption allowances. 63.5
IV
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Gross national product
1967
2.0
1.6
1.2
616.7 650.3 622. 1 634.1 636.4 641.6 653.4 669.6
82.2
79.7
81.9
84.6
78.1
78.3
79.2
83.0
38.2
43.0
38.9
39.8
42.2
42.5
43.3
44.1
.0
.0
.0
.0
.0
.0
.0
.0
41.2
49.1
41.3
44.7
48.1
48.6
49.6
50.1
22.3
21.5
2.7
24.1
22.8
2.8
22.4
21.6
2.7
23.2
21.2
2.8
23.7
22.2
2.8
23.9
23.1
2.8
24.2
23.4
2.8
24.7
22.4
2.8
584 0 626.4 589.3 601.6 612.9 619.1 631.0 642.5
435.7 469.7 441.2 450. 2 459.1 463.4 472.6 483.6
Compensation of employees
Wages and salaries,-
... _. 394.6 423.8 399.6 407. 4 414.7 418.3 426.2 435.9
316.7 337.5 320.1 326.1 331.4 333.2 339.4 346.2
14.7 16.4 15 1 15.8 16 1 16.2 16.3 17.3
63.2 69.8 64.3 65.6 67.3 68.9 70.6 72.5
Private
Military
Government civilian. _
Supplements to wages and salaries. _- 41.1
Employer contributions for social
insurance.
.. ... 20.3
Other labor income
Employer contributions to private pension and welfare funds
Other
Proprietors' income
20 8
45.9
41.6
42.7
44.4
45.2
46.4
22.6
20.6
21.1
22.2
22.3
22.8
23.3
23.2
21 1
21 7
22 2
22 9
23.6
24.3
47.6
17.3
3.5
59 3
58.4
59 2
58 6
57 8
57 8
58.8
59.3
Business and professional
43.2
Income of unincorporated enterprises
43 6
Inventory valuation adjustment _ —.4
43.6
43 3
43 4
43 2
43.4
43.8
44.1
Farm. _
16 1
14.8
15 9
15 1
14 6
14 3
15.0
15.2
19 4
20.1
19 4
19 6
19 8
20 0
20.2
20.4
Rental income of persons
Corporate profits and inventory valuation adjustment
...
Inventory valuation adjustment
Net interest
82 2
79.7
81 9
84 6
78 1
78 3
79.2
83.0
83.8
Profits before tax
Profits tax liability
Profits after tax
... .
Dividends
Undistributed profits
44.0
—.4
80.8
84.0
83.9
79.0
78.9
80.0
85.4
34.5
49.3
21 5
27.8
33.2
47.6
22.8
24.8
34 6
49.4
21 6
27.8
34 6
49.3
21 2
28.2
32 5
46.5
22 2
24.2
32.5
46.5
23 1
23.4
32.9
47.1
23.4
23.6
35.1
50.3
22.4
27.8
-1.6 -1.2 -2.2
20 2
22.4
20 4
.7
-.8
-.7
-.8 -2.3
21 1
21 6
22 1
22.7
23.3
Table 5.—Gross Auto Product in Current and Constant Dollars
(1.15, 1.16)
Table 7.—'National Income by Industry Division (1.11)
Billions of current dollars
All industries, total
Gross auto product l
29.8
27.7
28.2
Personal consumption expenditures. 24.9
Producers' durable equipment
4.4
Change in dealers' auto inventories. _
.4
23.9
4.2
24.7
4.4
-1.3
Net exports _ .
Exports
Imports
.0
1.3
1.2
-.1
1.6
1.7
.3
1.6
1.3
.0
1.5
1.5
-.3
1.3
1.6
-.1
1.6
1.7
.1
1.9
1.7
-.2
1.8
2.0
27.6
1.8
25.3
2.6
26.1
1.9
27.4
2.1
22.8
2.2
25.3
2.7
25.4
2.6
27.6
2.7
27.9
29.9
24.5 22.2 24.6 24.5
4.3 3.9
4.3
4.3
.6 -1.1 -1.2 -1.2
24.3
4.3
1.3
29.6
25.0
27.8
Addenda:
New cars, domestic 2. .
New cars, foreign
Billions of 1958 dollars
Gross auto product 1
30.3
27.7
28.8
29.9
27.9
29.4
24.7 22.6 25.0 24.6
4.3 3.9
4.3 4.3
.7 —1.1 -1.3 -1.3
23.9
4.1
1.3
25.3
28.2
Personal consumption expenditures. 25.4
Producers' durable equipment
4.4
Change in dealers' auto inventories..
.4
24.0 25.3
4.1 4.4
-.6 -1.4
Net exports.. .
Exports
Imports
.1
1.3
1.2
-.1
1.7
1.7
.3
1.6
1.3
.1
1.5
1.5
-.2
1.3
1.6
.0
1.6
1.7
.2
1.9
1.7
-.2
1.8
2.0
28.2
1.8
25.5
2.5
26.6
1.8
27.8
2.1
23.3
2.2
25.8
2.7
25.6
2.6
27.3
2.7
_
Addenda:
New cars, domestic 2
New cars, foreign
1
The gross auto product total includes Government purchases, which amount to $0.2 billion
annually for the periods shown.
2 Differs from the gross auto product total by the markup on both used cars and foreign cars.
*Fourth quarter 1967 corporate profits (and related components and totals) are preliminary
and subject to revision in next month's STJKVEY.
Agriculture, forestry, and fisheries
Mining and construction
M anuf acturing
Nondurable goods
Durable goods
616.7 650.3 622.1 634.1 636.4 641.6 653.4 669.6
22.7 21.8 22.6 22.0 21.6 21.3 22.0
38.2 40.2 38.4 38.7 39.8 39.7 40.3
192.1 196.8 193.6 198.8 195.0 194.0 196.0
73.2 76.4 73.8 75.3 75.9 75.1 75.9
118.9 120.5 119.8 123.5 119.2 118.9 120.0
Transportation
C ommunication
Electric, gas, and sanitary services
Wholesale and retail trade
24.8
12.4
12.1
90.8
26.1
13.1
12.8
96.1
24.7
12.7
12.4
91.1
25.4
12.7
12.3
92.6
25.5
12.8
12.4
93.5
25.7
13.0
12.6
94 9
26.5
13.2
12.9
96 D
Finance, insurance, and real estate
Services
Government and government enterprises
Rest of the world.
65.6
69.3
70.4
74 7
66.2
70.2
67.5
71.3
68.4
72 6
69.6
74 1
70.9
75 3
84.6
4.2
93 9
4.6
86.3
4.1
88.4
4.4
90.8
4.1
92 5
4.2
94 5
4.9
Table 8.—Corporate Profits (Before Tax) and Inventory Valuation
Adjustment by Broad Industry Groups (6.12)
All industries, total
Financial institutions
Mutual
Stock
Nonfinancialcorporations .
M anufacturing
Nondurable goods
Durable goods
Transportation,
communication,
and public utilities
All other industries
82.2
79.7
81.9
84.6
78.1
78.3
79.2
83.0
9.3
9.7
9.5
9.6
9.6
9.5
9.6
10.0
73.0
1.9
7.4
72.9
70.0
72.4
75.0
68.5
68.8
69.6
43.1
18.7
24.4
39 5
18.2
21.3
42.7
18.8
23.9
44.4
19.2
25.3
39.6
18.4
21.1
38.9
17.8
21.1
38.2
17.7
20.5
11.9
18.0
12.0
18.5
11.8
17.9
12.0
18.6
11.7
17.3
11.9
18.0
12.1
19.3
SURVEY OF CURRENT BUSINESS
6
1966
1966 1967* III
March 1968
1966
1967
IV
I
II
III
1966
IV*
1967
Table 9.— Gross Corporate Product 1 (1.14)
429.6 450.2 433.0 442.2 441.5 444.5 451.9 463.0
39.0
41.4
39.2
39.8
40.3
40.9
41.8
42.5
38.2
40.7
38.6
39.2
39.7
40.4
41.1
41.8
Compensation of employees
275.9 294.5 279.0 284.5 289.1 290.5 296.2 302.2
Wages and salaries _ _
246.1 261.4 248.8 253.5 257.1 258.0 262.8 267.8
Supplements _ _
__ _ _ _ _ _ _ 29.8 33.1 30.2 30.9 32.0 32.5 33.4 34.3
-2.4
-2.5 -2.4
Corporate profits and inventory
valuation adjustment
78.9 76.1 78.7
Profits before tax80.6 77.3 80.8
Profits tax liability. .
34.5 33.2 34.6
Profits after tax
46.0 44.0 46.2
Dividends
19.9 21.1 20.1
Undistributed profits
26.1 22.9 26.1
Inventory valuation adjustment. . -1.6 -1.2 -2.2
Cash flow, gross of dividends
Cashflow,net of dividends .
Gross product originating in
financial institutions .
-2.4
81.2
80.5
34.6
45.9
19.6
26.3
.7
-2.5
74.9
75.7
32.5
43.2
20.7
22.5
— 8
-2.5
75.1
75.8
32.5
43.3
21.6
21.7
-.7
-2.5
-2.5
75.3
76.1
32.9
43.2
21.6
21.6
79.1
81,4
35.1
46.3
20.6
25.7
o -2.3
Net interest
Corporate profits and inventory
valuation adjustment
Profits before tax _
Profits tax liabili ty.__ _ _
Profits after tax
Dividends
_ _
Undistributed profits
Inventory valuation adjustment. _ _
Cash flow, gross of dividends
Cash flow, net of dividends, _ _ _
Other labor income
20 8
23.2
21 1
21 7
22 2
22 9
23.6
24.3
Proprietors' income
Business and professional
Farm
59 3
43 2
16.1
58 4
43.6
14.8
59 2
43 3
15 9
58 6
43 4
15.1
57 8
43 2
14 6
57 8
43 4
14.3
58.8
43.8
15.0
59.3
44.1
15.2
19 4
_ _ _ _ _ 21.5
42 4
20.1
22.8
46 5
19 4
21 6
42 8
19 6
21 2
44 3
19 8
22 2
45 2
20 0
23 1
46 0
20.2
23.4
46.9
20.4
22.4
48.0
51.9
44 0
47 5
50 8
51 4
52.4
52.9
25.7
21 0
23 2
24 7
25 6
26.2
26.4
2.1
6.5
17.0
2.2
6.6
17.4
1.9
6.7
17.9
Rental income of persons
Dividends
_
Personal interest income
85.6 83.5
66.1 62.8
84.2 .85.0
62.6 63.3
88.8
68.3
17.5
19.0
17.7
18.0
18.6
19.8
Less: Personal contributions for
social insurance
_ _ 17 9
19.1
37.9
40.2
38.1
38.6
39.1
39.8
40.6
41.4
36.5
38.9
36.9
37.5
37.9
38.6
39.3
39.9
261.3 278.3 264.3 269.5 273.7 274.6 279.8 285.3
233.4 247.4 236.0 240.5 243.7 244.1 248.5 253.2
27.9 31.0 28.3 29.1 30.0 30.5 31.3 32.1
7.3
6.8
7.0
7.1
7.3
69.7 66.4 69.2
71.3 67.6 71.3
30.3 28.8 30.3
41.0 38.8 41.0
18.5 19.6 18.6
22.5 19.2 22.4
-1.6 -1.2 -2.2
71.5
70.8
30.2
40.6
18.2
22.5
.7
65.3
66.1
28.1
38.0
19.2
18.8
-.8
65.6
66.3
28.2
38.1
20.0
18.1
-.7
65.7 69.1
66.5 71.4
28.5 30.6
38.0 40.9
20.1 19.0
17.9 21.9
-.8 -2.3
79.3
61.1
77.2
57.9
77.9
57.9
78.6
58.5
78.9
60.4
79.0
59.4
79.1
60.5
7.4
7.5
82.3
63.3
Gross product originating in
nonfinancial corporations
383.0 388.0 384.6 389.0 384.7 385.3 387.7 394.0
Dollars
Current dollar cost per unit of
1958 dollar gross product
originating 2in nonfinancial
corporations
1.076 1.112 1.080 1.091 1.100 1.105 1.116 1.125
Capital consumption allowances .
.099 .104 .099 .099 .102 .103 .105 .105
Indirect business taxes plus transfer
payments less subsidies _ .
.095 .100 .096 .096 .098 .100 .101 .101
Compensation of employees
.682 .717 .687 .693 .711 .713 .722 .724
Net interest
.018 .019 .018 .018 .018 .019 .019 .019
Corporate profits and inventory valuation adjustment
.182
Profits tax liability
.079
Profits after tax plus inventory valuation adjustment— .103
Less: Personal tax and nontax payments
.171
.074
.180
.079
.184
.078
.170
.073
.170
.073
.169
.073
.175
.078
.097
.101
.106
.097
.097
.096
.098
1.8
54
15.8
1.8
63
16 2
2.1
65
17 6
20.4
18 4
18 7
20 0
20.2
20.5
20.8
81.7
76.9
79.6
80.2
79.1
82.8
84.7
Less : Personal outlays
479 0 505.9 483 2 487 4 493 9 504.0 509.6 516.2
Personal consumption expenditures- 465.9 491.7 470.1 473.8 480.2 489.7 495.3 501.8
Interest paid by consumers
_- 12 A 13.4 12.5 12.9 13.1 13.3 13.5 13.8
Personal transfer payments to for.8
1.0
.7
.7
.6
.8
.6
.6
e igners
Equals: Personal saving
29 8
Addenda:
Disposable personal income :
Total, billions of 1958 dollars
38.7
29 2
34 6
38.8
36.0
38.5
41.6
456.3 476.5 458.4 463.2 470.6 474.9 477.5 482.6
_ _ _ 2,584 2,736 2,598 2.639 2,686 2,716 2,749 2,789
2,317 2,393 2,324 2,341 2,373 2,388 2,394 2,413
Per capita, current dollars..
Per capita, 1958 dollars. _ -
Table 11.—Personal Consumption Expenditures by Major Type (2.3)
Personal consumption expenditures
465.9 491.7 470.1 473.8 480.2 489.7 495.3 501.8
70.3
72.1
70.9
70.6
69.4
72.5
72.7
73.8
Automobile sand parts _
29.8
Furniture and household equipment. 29.9
Other
10.6
29.3
32.0
10.9
29.8
30.6
10.5
29.6
30.6
10.4
27.3
31.4
10.7
29.7
31.9
10.9
29.9
32.1
10.8
30.1
32.6
11.1
_
Nondurable goods
Services
207.5 217.5 209.5 210.3 214.2 217.2 218.5 220.3
106.7 110.6 107.3 107.2 109.3 110.1 110.9 112.2
40.3 42.8 41.0 40.8 41.5 43.2 43.7 43.1
16.2 17.5 16.3 16.6 17.1 17.5 17.5 17.8
44.3 46.6 44.8 45.7 46.3 46.4 46.4 47.2
_
Food and beverages
Clothing and shoes
Gasoline and oil.
__
Other
_
188.1 202.1 189. 8 192.9 196.6 200.0 204.1 207.7
_.
Housing..
Household operation
Transportation
Other
67.1
27.0
_ _ . 13.6
80.4
71.3
28.2
14.7
87.8
67.4
27.4
13.7
81.3
68.5
27.7
14.0
82.7
69.6
27.8
14.4
84.8
70.6
28.1
14.6
86.6
71.9
28.1
14.8
89.2
73.3
28.8
15.1
90.6
Table 12.—Foreign Transactions in the National Income and
Product Accounts (4.1)
43.0
45.3
43.7
44.0
45.3
45.1
45.6
45.4
43.0
45.3
43.7
44.0
45.3
45.1
45.6
45.4
43.0
45.3
43.7
44.0
45.3
45.1
45.6
45.4
Imports of goods and services
_ - 37.9
40.6
39.0
39.7
39.9
39.8
40.2
42.4
Transfers to foreigners
Personal
Government. .
-_
2.9
.6
2.3
2.9
.8
2.1
2.8
.6
2.2
2.5
.6
1.9
2.9
.7
2.2
3.1
1.0
2.0
3.1
.8
2.3
2.7
.7
2.0
2.2
1.8
1.8
1.8
2.5
2.3
2.3
.3
Receipts from foreigners
Exports of goods and services...
1 Excludes gross product originating in the rest of the world.
This is equal to the deflator for gross product of nonfinancial corporations, with the decimal
point shifted two places to the left.
*Fourth quarter 1967 corporate profits (and related components and totals) are preliminary
and subject to revision in next month's SUKVEY.
75.2
2.1
6.6
17.5
Equals : Disposable personal income. _ . 508.8 544.7 512. 4 522.0 532.7 540.0 548.2 557.9
Durable goods
Billions of 1958 dollars
2
159.3 167.2 161.0 164.1 165.7 164.8 167.4 170.8
128 1 134.4 129 7 132 6 133 1 132.6 134.6 137.2
93.9 100.9 94 9 96 5 98 7 99.6 101.7 103.4
63.5 69.5 64.3 65.5 67 0 68.8 70.2 71.9
77 9 86.3 79 4 81 4 83 4 85 0 86.9 89.8
85.4
65.3
6.7
IV
394 6 423.8 399 6 407 4 414 7 418.3 426.2 435.9
85.4
64.2
Income originating in nonfinancial
corporations
337.7 352.1 340.3 348.0 346.1 347.5 352.9 361.9
Compensation of employees
Wages and salaries. _
_ _
Supplements.
III
__ __ 584.0 626.4 589 3 601 6 612 9 619.1 631. 0 642.5
_
Wage and salary disbursements.. Commodity-producingindustries-Manufacturi n,g
Distributive industries
Service industries _ _
G o vernment
85.0
65.1
Gross product originating in
nonfinancial corporations - - 412.1 431.2 415.3 424.2 423.1 425.9 432.8 443.2
Capital consumption allowances _
Indirect business taxes plus transfer
payments less subsidies
Personal income
Transfer payments
43 9
Old-age, survivors, disability, and
health insurance benefits
20 8
State unemployment insurance
benefits .,
_ _
-- 1.8
57
Veteran s benefits
15 6
Other
18.4
II
Table 10.—Personal Income and Its Disposition (2.1)
Income originating in corporate business. _
352.4 368.1 355.2 363.2 361.5 363.1 369.0 378.7
Net interest
I
Billions of dollars
Billions of dollars
Gross corporate product
IV
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Capital consumption allowances
Indirect business taxes plus transfer
payments less subsidies _
III
1967
Payments to foreigners
Net foreign investment
SURVEY OF CUEEENT BUSINESS
March 1 6
98
1966
1967* III
1966
1967
1966
IV
I
II
III
1966
IV*
1967
III
Table 13.—Federal Government Receipts and Expenditures (3.1, 3.2)
61.7
Personal tax and nontax receipts- . . .
32.3
Corporate profits tax accruals
Indirect business tax and nontax
15.9
accruals. ._ .--.
33.3
Contributions for social insurance
Purchases of goods and services
National defense
Other
...
65.5 64.0 67.5 69.1
30.3 30.3 30.6 32.6
16.6 16.2
37.7 34.0
16.2 16.5
37.0 37.2
142.9 164.3 146.3 151.9
Federal Government expenditures
.. 77.0
60.5
16.5
149.1 148.1 152.7 157.4
66.5 63. 1 65.2
31.0 32.4 32.3
16.3
34.7
16.7 17.0
38.0 38.7
81.5
65.6
15.9
87.1 89.5
70.2 72.5
16.8 17.0
Transfer payments
To persons
To foreigners (net)
36.0 42.9 35.9
33.7 40 7 33.7
2.3 2.1 2.2
38.8
36.9
1.9
42.2 42.4 43.5 43.3
40.0 40.3 41 2 41 3
2.2 2.0 2.3 2.0
Grants-in-aid to State and local governments
14.8
16.0
15.3
15.6
15.6
9.5
10.5
9.6
10.0
10.4 10.4
Subsidies less current surplus of government enterprises _
Surplus or deficit (—), national income and product accounts _
90.9
73.3
17.6
15.3 16 0
10 5
92.2
74.2
18.0
17.1
10 7
5.4
5.1
6.0
5.9
5.6
5.3
5.0
46
.3 -12.5 -.7 —3.3 -11.9 -14.7 —13.2 —10 5
State and local government receipts—. . 84.7
Personal tax and nontax receipts
13.5
C orporate profits tax accruals ...
2.3
Indirect business tax and nontax
accruals
49 2
Contributions for social insurance. _ . 4.9
Federal grants-in-aid__
14.8
State and local government expenditures. _
81 8
91.8
86.0
87.9
89.3 90.4
92.6
Durable goods
Nondurable goods
Services
--
*.
-
114. 3 111.8 112.7 113.2 113.7 114.8 115.6
98.6 100.0 98.7 99.4 99.5 99.5 100.1 101.1
110.6 112.7 111.0 111.6 111.7 112.2 113. 3 113.8
118.3 122.5 118.7 119.9 120.9 121.9 123.0 124.1
Fixed investment
112.5 116.1 112.8 113.7 114.4 115.0 116.8 118. 2
Nonresidential
110.2 113.1 110.4 111.6 112.2 112. 2 113. 2 114.6
118.4 122.8 118.9 120.1
Structures
Producers' durable equipment _. 106.2 108.9 106.3 107.7
120.9 128.0 122.0 123.2
Residential structures
121.1 128.1 122.2 123.4
Nonfarm
Farm. _ _ .
..
_. 114.1 120.4 114.6 115.9
121.0 121.5 123.8 125.0
108.2 108. 3 108.8 110.3
123.8 126.2 129.9 131.0
124.0 126.4 130.1 131.2
117.3 118.8 122.4 123.2
Change in business inventories
105.4 106.7 105.4 106.7
104.1 104.3 104.8 104.3
Exports
Imports
Government purchases of goods and
services
...
13.7
2.3
14.3
2.3
14.7 15.1 15.4
2.1 2 1 2 3
15.6
25
53 1 49 8 50 6
5.3 4.9 5.0
16.0 15 3 15.6
51 7 52 6
5.2 5.3
15 6 15 3
53 5
5.4
16 0
54 4
5.4
17 1
91 7 82 7 84 9
88 3 90 6
92 7
OK 1
_•
123.9 127.1 124.6 125.2 125.8 126.1 127.4 129.1
119.1 121.3 119.7 120.2 120.5 120.3 121.0 123.4
129.0 133.8 129.9 130.8 131.9 132.9 134.7 135. 6
Table 17.—Implicit Price Deflators for Gross National Product by
Major Type of Product (8.2)
95.0
15.2
2.3
113.9 117.3 114.4 115.3 116.0 116.6 117.7 118.8
Gross national product
107.3 109.6 107.6 108.5 108.8 109.0 109.9
Goods output.
110.6
103.1 105.5 103.2 104.5 104.9 104.8 105.5 106.7
110.4 112.5 110.9 111.5 111.5 112.0 113.1 113.4
Durable goods
Nondurable goods .
Services
77.2 86.4 78.1 80.2
7.5 8 4 7 6 7 8
3
3
2
.3
83.3 85.4 87.4 89.5
81 83 85 Q Q
2
2
*2
*2
33
34
33
34
34
33
Surplus or deficit (—), national
income and product accounts. . _ . 2.9
.1
3.3
3.0
1.0
-.2
34
122.1 126.6 122.6 123.8 124.9 125.9 127.0
128.6
Structures
120.1 125.3 121.2 122.0 122.6
123.8 126.9
127.8
Addendum:
Gross auto product
98.2
-.1 -.2
125 1
98. 0
99.0
98.8
98.8
99.8 101.5
Table 18.—Implicit Price Deflators for Gross National Product by
Sector (8.4)
Private.
Table 15.—Sources and Uses of Gross Saving (5.1)
119 5 129 4 118 7 128 2 m 7
Personal saving. _ .
29 8 38 7 29 2 34 6 38 8
Undistributed corporate profits
27.8 24,8 27.8 28.2 24.2
Corporate inventory valuation adjustment-7
g
—1.6 — 1 2 —2 2
Corporate capital consumption
allowances
39 0 41 4 39 2 39 8 40 3
Noncorporate capital consumption
allowances
24 5 25 7 24 7 24 9 25 2
Wage accruals less disbursements.... .0
.0
.0
.0
.0
Government surplus or deficit (—),
national income and product
accounts
.
3 10 8
3 2 —12 4 2 6
Federal.. _
3 —12 5
7 3 3 11 9
State and local
"l 3 3 3 0
2.9
10
Gross investment
120 2 114 0 118 1 124 0 112 9
Gross private domestic investment- . 118.0 112.1 116.4 122.2 110.4
Net foreign investment
2.2 1 8 1 8 1 8
25
Statistical discrepancy.
A ft
—2 6 —3 0 3 2 q c
99.8
34
Gross national product
I9q A |«K 7
QC A
QQ C
41 fi
23.4
tj
23.6
g
27.8
40 9
XI Q
OK O
.0
15 0
10 7
14 7
IQ o
i
1ft f\
...
113.9 117.3 114.4 115.3 116.0 116.6 117.7 118.8
111.6 114.7 112.0 112.9 113.5 114.0 115.1 116.0
111.0 114.1 111. 4 112.3 112.9 113.4 114.6 115.4
111.0 114.7 111.4 112.5 113.4 114.0 115.2 116.1
110.7 99.7 110.8 106.7 99.3 98.8 100.6 100.3
.0
10 q
.
.
9fi 1
.0
Business
Nonfarm
Farm
-
49 f\
K
OK
23
Households and institutions
General government
137.0 140.6
. . .-_ 139.2 144.5 140.0 141.0 142.3 143.4
144.5 147.7
HISTORICAL DATA
2
107 3
m
K
o
191 1
105.1 112.2 120.8
3
23 23
o o
1 9
q
O
*Fourth quarter 1967 corporate profits (and related components and totals) are preliminary
and subject to revision in next month's SURVEY.
113.9 117.3 114.4 115.3 116.0 116.6 117.7 118.8
Gross national product
Personal consumption expenditures. -__ 111,5
Net exports of goods and services
Table 14.—State and Local Government Receipts and Expenditures
(3.3,3.4)
Gross private saving
IV
III
Table 16.—Implicit Price Deflators for Gross National Product (8.1)
Federal
State and local
Purchases of goods and services
Transfer payments to persons
Net interest paid
Less: Current surplus of government
enterprises _ _ . _ _
II
160.9 162.8 165.9 167.9
89.9 79.5
72.5 63.0
17.4 16.6
Net interest paid
I
Index numbers, 1958=100
Billions of dollars
143.2 151.8 145.6 148.6
iy
Seasonally adjusted
Seasonally adjusted at annual rates
Federal Government receipts. _
1967
Historical national income and product data are available from
the following sources:
1929-63: The National Income and Product Accounts of the
United States, 1929-65, Statistical Tables (available from any
U.S. Department of Commerce Field Office or from the Superintendent of Documents, U.S. Government Printing Office,
Washington, D.C. 20402, price. $1.00 per copy).
1964-66: July 1967 SURVEY OF CURRENT BUSINESS.
SURVEY OF CURRENT BUSINESS
8
Manufacturers' Inventory and Sales Expectations
First Half of 1968
MANUFACTURERS expect increases
in their inventories in the first two
quarters of 1968 to be larger than those
in 1967. They continue to be quite
optimistic about near-term sales prospects and considered their inventories
on December 31, 1967, to have been in
better balance relative to sales and
unfilled orders than they were earlier in
1967. These are the major findings of
the expectations survey conducted in
February by the Office of Business
Economics.
Manufacturers expect to add about
$2 billion to stocks both this quarter
and next, after seasonal adjustment.
Each of these additions would be about
$400 million larger than in the fourth
quarter of 1967. Mid-1968 inventories
are expected to equal 1.77 months of
anticipated second quarter 1968 sales—
about the same as the ratio for the final
3 months of 1967 but lower than that
of a year earlier.
Sales rose 2 x / 2 percent from the third
to the fourth quarter of 1967—the best
gain of the year despite the strike in the
automobile industry. According to the
current survey, factory sales are expected to rise 4 percent this quarter
CHART 3
Inventory and Sales Expectations
NONDURABLE GOODS MANUFACTURERS
DURABLE GOODS MANUFACTURERS
Billion $
Billion $
3
3
Inventory
Change
J\
Percent
10
Sales
Change
March 1968
and 2 percent the next. When the sales
projections for the first half are compared with those for the full year 1968,
as obtained from the plant and equipment reporting panel (page 10), a
continued sales advance is implied for
the second half of this year.
Manufacturers holding one-fourth of
total stocks judged their inventories
"high" on December '31, 1967. This
proportion represented an improvement
over the figures reported in the four
previous surveys, but it was still large
gaged by the experience from 1961 to
late 1966. Seventy-two percent of producers' stocks were in the "about right"
category at yearend, while the "low"
group continued to be negligible at 3
percent.
Durable stocks show steady rise
Durable goods producers added $1.4
billion to their inventories from September 30 to December 31, 1967, after
seasonal adjustment, and expect to
match these additions in each of the
first two quarters of this year. If
realized, the value of inventories held
by durable goods producers would rise
to $56.7 billion at midyear—equal to
2.22 months of shipments anticipated
for the second quarter. The stock-sales
ratio both in the middle and at the end
of 1967 was 2.28.
Nondurable goods producers expect
to increase stocks over $% billion in the
first quarter of 1968 and again in the
second. Stocks rose $200 million in the
final quarter of 1967 after changing
very little in the two preceding
quarters. The book value of nondurable
goods producers' stocks would reach an
estimated total of $29.6 billion in mid1968. The stock-sales ratio, which
declined throughout 1967 to 1.26 at
yearend, is expected to hold at about
this figure through the second quarter.
Sales projections strong
1963
64
* Expectations
U.S. Department of Commerce, Office of Business Economics
67
68*
1963
Quarterly, Seasonally Adjusted
64
65
66
67
68*
Durable goods producers expect seasonally adjusted sales to rise 6 percent
from the fourth quarter of 1967 to the
first quarter of 1968, the largest quarterly increase in 3 years. A 2 percent
sales gain is anticipated from the first to
the second quarter of 1968. Sales had
declined in the first half of 1967 and
SUKVEY OF CUEKENT BUSINESS
March 1968
then rose 2 percent in each of the next
two quarters.
Nondurable goods producers expect
sales to rise 2 percent per quarter to
midyear, after seasonal adjustment.
Sales increased over 3 percent in the
last quarter of 1967 after increases of
1 to 2 percent earlier in the year.
ducers rose from 20 percent in March
to 29 percent in June and then fell
sharply to 18 percent at the end of the
year. The "high" ratio for metal users
fell steadily during 1967 from 41 to 32
percent (chart 4).
Nondurable goods producers reported
a "high" proportion of 15 percent on
9
September 30 and December 31 of last
year. This ratio was down 5 points from
March and June 1967 but still exceeded
the "high" proportion reported from
June 1961 to September 1966. The
"about right" was 81 percent at the
close of 1967; the low was 4 percent,
unchanged from June and September.
Inventory condition improves
On December 31, 1967, companies
holding 31 percent of durable goods
producers' stocks judged their inventories "high." Those holding 67 percent
of stocks considered them "about right,"
and 2 percent were in the "low"
category. The "high" ratio reached a
peak of 37 percent on March 31 of last
year and fell thereafter, with som(i
ac celeration in the rate of decline. Thea
"hdgh" ratio for primary metals pro
Table 1.—Manufacturers' Inventories and Sales; Actual and Anticipated
[Billions of dollars]
All manufacturing __
Durables
Nondurables
69.8
43.6
26 2
72.1
45.4
26.6
74.1
47.3
26.8
77.1
49.4
27.7
79.9
51.6
28.3
80.6
52.3
28.3
80.4
52.3
28.1
81.9
53.3
28.6
84.9
55.7
29.2
86.9
57.3
29.6
69. 4
43.3
26. 1
71.7
45.0
26.7
74.6
47.6
27.0
77.6
50.0
27.5
79.4
51.2
28.2
80.1
51.8
28.3
80.8
52.6
28.3
82.4
53.9
28.5
84.4
55.3
29.1
86.3
56.7
29.6
128. 7
67.6
61.0
135.3
72.1
63. 2
129.5
65.8
63.7
134.1
70.6
63.6
131.9
68.4
63.5
136.8
71.6
65.1
131.6
66.2
65.4
138. 7
71.2
67.5
143.4
74.9
68.5
150.8
80.3
70.5
129. 4
68.0
61.4
131. 6
68.5
63.1
132.5
68.9
63.6
134.0
70.4
63.5
132.7
68.8
63.9
133.2
68.2
64.9
135.2
69.8
65.4
138. 7
71.1
67.6
144. 1
75.2
68.9
146.7
76.5
70.2
Seasonally adjusted
All manufacturing.
Durables
Nondurables
_ _ _
Sales, total for quarter
Unadjusted
All manufacturing
Durables
Nondurables
Condition of Manufacturers' Inventories
_ _
Seasonally adjusted
The percent of manufacturers' inventories
udged "high" generally moved downward
n the second half of 1967
All manufacturing
Durables
, _
Nondurables
Perc ent
40
.
1. Anticipations reported by manufacturers in February 1968. Inventories have been corrected for systematic tendencies
in anticipatory data.
METAL PRODUCERS
Sources: U.S. Department of Commerce. Anticipations, Office of Business Economics; actuals, Bureau of the Census.
20
Table 2.—Manufacturers' Evaluation of the Condition of Their Inventories l
[Percentage distribution]
0
. , i I i ' , ', I V Y . 1 i '» ', 1 . .' i t , ,.i. l ' i , i
Total
60
High
About
right
14
14
15
14
84
84
83
84
March 31, 1963
June 30, 1963
September 30, 1963
December 31, 1963
15
15
17
13
March 31, 1964
June 30, 1964
September 30, 1964
December 31, 1964
March 31 1965..
June30, 1965
September 30, 1965
December 31, 1965
High
About
right
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
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
31
31
27
25
68
67
69
72
1
2
4
3
37
36
34
31
62
63
63
67
1
1
3
2
20
20
15
15
78
76
81
81
2
4
4
4
METAL USERS
March 31, 1962 _
June 30, 1962
September 30, 1962.. . .
December 31, 1962
40
20
0
1
1
1 1 !
I
1
1 1
1 1
1 1 1
1
1 1
I
1 1 1
1 1
1 1
1
1
40
NONDURABLE GOODS
MANUFACTURERS
March 31, 1966
June 30, 1966.
September 30, 1966.
December 31, 1966
20
0
i i i 1
1961
(
i t 1 i i i I \ Vi 1 f \ i 1 i i i 1 i « i,
62
63
64
65
group held by manufacturers who considered their stocks high.
U.S. Department of Commerce, Office of Business Economics
66
67
March 31, 1967...
June 30, 1967
:
September 30, 1967
December 31, 1967
Nondurables
Durables
..._
.
....
/...
........
Low
Low
High
About
right
Low
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.
By GENEVIEVE B. WIMSATT
Business Investment and Sales Expectations. 1968
B
USINESSMEN'S 1968 capital budgets provide for a moderate increase
over 1967 in expenditures for new plant
and equipment. Current plans call for
aggregate outlays of $65.2 billion1—
$3.6 billion or 6 percent more than in
1967. Last year, actual spending rose
2 percent, with higher prices accounting for all of the rise. Prices continued
to increase and in early 1968 were 2%
percent above the 1967 average.
Most major industry groups plan
to increase their outlays in 1968, according to the regular OBE-SEC survey
of business spending intentions, conducted in late January and February.
Exceptions are the iron and steel,
1 This figure is adjusted for systematic biases in anticipated data. (See footnote 2, table 7, for a description of methodology.) Before such correction factors were applied, the
anticipation was $63.9 billion; the figure for manufacturing
was $27.7 billion, and for nonmanufacturing, $36.2 billion.
The net effect of the adjustments, which are applied to each
industry, is to raise manufacturing by $200 million and nonmanufacturing by about $1.1 billion.
CHART 5
Plant and Equipment Expenditures
Actual vs anticipated change
5 -
1963
64
65
66
67
Change From Previous Year's Actual
U.S. Department of Commerce, Office of Business Economics
10
motor vehicle, textile, and chemical transportation equipment spent more
industries in manufacturing and the than planned.
railroads in nonmanufacturing.
Capital expenditures, after declining Factors affecting investment
The economic climate in early 1968
in the first three quarters of 1967, rose
appeared generally favorable for the
3 percent to a seasonally adjusted
annual rate of $62.7 billion in the
CHART 6
fourth. Spending is expected to rise
further to $64.8 billion in the first 3
Expenditures for New Plant and Equipment
months of this year, to dip slightly
by Major Industry Groups
to $64.3 billion in the second quarter,
©Programs for 1968 strongest in utilities,
and to increase to a $66 billion annual
communications, and nonrail transportation
rate in the second half. Industrial
•Weakest in railroads
patterns within the year are mixed,
Billion $ (ratio scale)
but from the first to second half,
increases are more frequent than de- 15 - MANUFACTURING
Quibble Goods;
clines.
\ - :< X.
.
The survey results also indicate that 10 -.'
Nondurable Goods ~ ~
businessmen are looking forward to
sizable sales improvements this year:
6 10 percent in manufacturing, 7K per
cent in trade, and 7 percent in public
utilities. These expectations suggest a
PUBLIC UTILITIES
further moderate expansion over cur- 10 -;
- Electric and Gas
rent sales rates.
Realization of 1967 programs
6 In each of the first three quarterly
surveys of 1967, businessmen reported
4 - '*>****" ,; • Communications
that they spent less than they had
\
I
previously planned; only in the last
quarter of the year were expenditures
4 _ TRANSPORTATION
larger than anticipated. The final re,. Nonraif
sult of the successive changes in programs was a 2 percent rise in actual
outlays in 1967 over 1966, instead of 2 the 4 percent increase programed early
last year. This was the first downward revision of annual programs in
5 years and was undoubtedly related 20
COMMERCIAL & OTHER
to the fact that sales turned out to
be lower than anticipated a year ago.
Downward revisions last year were
widespread among the industries. HowI
I
66
67
68*
1967
1968*
ever, iron and steel manufacturers
Quarterly, Seasonally
maintained their early plans, while
Adjusted at Annual Rates
public utilities and manufacturers of
Data: OBE-SEC
*Anticipated
,
68-3-6
paper, petroleum, and nonautomotive U.S. Department of Commerce, Office of Business Economics
SUKVEY OF CUKEENT BUSINESS
March 1 6
98
realization of the moderate investment
rise projected this year. Several factors
that had a depressing effect on investment in the earlier quarters of 1967
changed direction later in the year and
have continued to show an improvement. Corporate profits and industrial
output rose sharply in the second half
after declining in the first half. The
decline in capacity utilization in manufacturing was halted in the fourth
quarter. Business sales, which had
changed little through most of 1967,
moved up sizably after October for
manufacturers and wholesalers and in
the opening months of 1968 for retailers. 'However, there were still uncertainties regarding the possibility of
higher taxes and interest rates.
Manufacturers' Programs
Manufacturers expect capital outlays
in 1968 to total $27.9 billion, 4% percent
higher than in 1967, with durable and
nondurable goods producers contributing about equally to the rise.
The machinery industries—alone
among the durable goods industries—
are continuing to make substantial expansions in their investment programs.
Electrical machinery producers are
scheduling increases in capital outlays
this year of 14 percent as compared
with an actual increase of 4 percent
Table 1.—Business Sales, Actual and
Anticipated, 1966-68
[Percent change]
1966-67
Anticipated
Manufacturing industries L
Durable goods l
Primary metals
Electrical machinery
Machinery, except
electrical
Transportation
equipment
Stone, clay, and
glass
Nondurable goods 1
Food and beverage.
Textile
Paper
Chemical
Petroleum .
Rubber...
_
Trade
Wholesale
Retail
Public utilities
1967-68
Actual
7.5
2.1
10.1
8.3
2.0
.5
-6.7
11.4
8.4
13.6
2.7
10.1
10.4
7.3
12.6
7.7
Q
14.3
4.4
-.9
8.1
6.7
5.8
2.4
9.2
9.4
3.8
9.3
3.9
5.3
20
3.3
8. 8
3.8
4.2
8.7
10.4
7.2
9.1
9.1
6.4
12.7
6.0
-' 2. 7
8.2
2.2
.7
3.2
7.6
6.2
8.5
5.8
5.4
6.8
1. Includes industries not shown separately.
Source: U.S. Department of Commerce.
Anticipated
Table 2.—Annual Percent Changes in Plant
and Equipment Expenditures, 1963-68
Actual
Anticipated
1963-64 1964-65 1965-66 1966-67 1967-68
All industries!
Manufacturing
14.5
l
Durable goods *
Primary metals _.
Machinery
Transportation
equipment
Stone, clay, and
glass
Nondurable
goods *
Food and
beverage.-- __
Textile..
Paper. _
Chemical
Petroleum
Rubber _ _
15.7
16.7
1.7
5.8
18.4
20.8
20.2
-1.1
4.6
20.0
31.1
19.2
20.9
20.0
32.6
22.7
16.4
32.3
-2.1
5.8
3.3
5.1
-3.7
12.6
25.0
27.8
18.3
-8.9
-2.3
10 7
14.9
16.6 -19.9
-9.4
16.9
20.7
17.6
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
1.4
15.2 -21.3
34.1
9.0
15.3 -3.6
15.8
5.0
24.7
15.3
0
4.2
5.8
-3.4
1.8
-1.5
7.5
21.3
Mining
14.0
9.3
-2.9
11.2
Railroad
27.5
23.1
14.2 -22.4
-17.0
Transportation other
than rail
24.0
18.4
22.3
12.7
16.4
Public utilities
10.1
11.7
21.1
17.5
10.1
Communication
13.4
15.0
13.6
5.3
9.0
Commercial and
other.
8.0
8.8
8.1
-3.2
2.1
12.9
1. Includes industries not shown separately.
Sources: U.S. Department of Commerce, Office of Business
Economics, and the Securities and Exchange Commission.
11
throughout 1968, but the industry
patterns are mixed.
Starts and carryover
Last year, investment in new manufacturing facilities fell 1 percent after
increases in the neighborhood of 20
percent in each of the preceding 3 years
(table 2). The decrease in new projects
started in 1967 was much sharper—
11 percent or $3.3 billion. Starts declined in all of the major durable goods
industries; in nondurables, decreases in
textiles and chemicals were more than
offset by increases in food, paper, and
especially petroleum. The term "projects," as used here, includes all types of
capital investment, ranging from the
purchase of a single piece of machinery
or equipment to the construction and
equipping of a complete factory.
The volume of starts fell short of
actual expenditures for the year as a
whole, and backlogs declined by about
$1.2 billion over the year. Backlogs
CHART 7
from 1966 to 1967; for nonelectrical
machinery manufacturers, the corresponding increases are 12 percent and 3
percent respectively. The nonautomotive transportation equipment and
"other durable goods" industries are
expanding their investment programs
for 1968 moderately. In contrast, iron
and steel producers are now scheduling
declines for 1968 as are motor vehicle
and stone, clay, and glass firms. With
the exception of electrical machinery
and nonautomotive transportation
equipment, the durable goods industries are scheduling a reduction in
outlays from the first to the second half
of the year.
Among nondurable goods industries,
rubbor anticipates the largest relative
increase in investment this year—21
percent. The petroleum industry, which
is scheduling a rise of 1% percent for
1968, accounts for two-thirds of the
increase over 1967 for nondurable goods.
The food-beverage and other nondurable industries expect gains of about 5
percent, while the remaining soft goods
industries are projecting little change.
Nondurable goods manufacturers as a
whole expect rising expenditures
Manufacturers' Plant and Equipment
Expenditures
Percent Change
-24
r
-8
-16
I
I
I
0
I
I
.
16
8
I
i
I
24
T
I
. 1967-68 (anticipated)
All Industries
"1966-67
Rubber
Electrical Machinery
Machinery, Exc. Electrical
Petroleum
Food and Beverage
Nonferrous Metal
Paper
Iron and Steel
Stone, Clay and Glass
i
i
i
i
i
i
i
I
I
I
I
Data: OBE-SEC
U.S. Department of Commerce, Office of Business Economics
12
SURVEY OF CURRENT BUSINESS
were about maintained or increased in
machinery (including electrical), food,
paper, and petroleum but fell in steel,
autos, stone, textiles, and chemicals.
Table 3.—Petroleum Industry Plant and
Equipment Expenditures, by Function,
1966-67 Actual and Anticipated 1968
1966
1967
1968
Anticipated
Actual Actual
1967-68
Percent
change
(Billions of dollars)
Total
4.42
4.65
5.00
7.5
2.11
.18
2.04
.26
2.12
.33
3.8
26.9
1.03
.74
.37
Production
Transportation- _
Refining and petrochemicals
Marketing
Other
1.22
.80
.32
1.33
.84
.37
9.2
5.0
15.3
Sources: U.S. Department of Commerce, Office of Business
Economics, and the Securities and Exchange Commission.
It is of interest to note that the industries in the former group are anticipating increases in expenditures from 1967
to 1968, while all of the latter expect
decreases.
On a quarterly basis, backlogs apparently reached their peak around the
middle of 1967, bringing to a halt a
5-year advance. Expenditures exceeded
starts by $1.1 billion in the third
quarter of 1967 and by $0.9 billion in
the fourth quarter. Although backlogs
fell in the fourth quarter in both durables and nondurables, starts in durable
goods manufacturing seem to have increased, after seasonal allowances.
1967 capacity evaluation
In evaluating the adequacy of their
December 31, 1967, plant and equipment facilities in relation to current and
March 1968
prospective sales for 1968, manufacturers indicated a slight easing in needs
as compared with evaluations made 3
months earlier. Companies owning 44
percent of fixed assets in manufacturing
reported that they needed more facilities, as against 46 percent in September,
47 percent in December, 1966, and a
high of 51 percent in March 1966. For
durables, the percentage indicating a
need for more facilities dropped from
49 to 38 during 1967, with decreases
reported by both the metal fabricating
and primary metals industry groups.
Over the same period, the proportion of
nondurable goods companies reporting
inadequate facilities rose from 44 to 49
as sharply rising needs by petroleum
companies were partly offset by reductions for food, beverage, and chemical
companies.
Table 4. Carryover of Plant and Equipment Projects, Manufacturing and Public utilities1
[Billions of dollars]
19 64
March
2
Sept.
11.26
11.88
_ __
_
16.23
16.90
18.19
Dec.
18.33
18.48
18. 71
March
19.08
June
Sept.
Dec.
19.52
18.41
17.51
10.42
3.92
.98
1.08
2.60
.28
.41
.41
1.86
.39
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
11.61
4.55
1.08
1.19
3.03
.34
11.61
4.62
1.05
1.11
2.98
.34
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
7.28
.69
.52
.81
2.27
2.38
7.47
.68
.48
.82
2.23
2.61
7.91
.70
.46
.96
2.44
2.76
7.59
.74
.38
.91
2.25
2.74
7.09
.75
.40
.78
1.85
2.66
6.53
6.09
5.65
7.64
7.67
7.24
8.03
9.82
10.01
9.92
10.30
13. 40
14.24
14.20
14.34
6.62
_ _
15.99
Sept.
8.89
3.34
.60
77
2.85
.53
4.78
.42
.26
.61
1.26
1.90
._
14.73
June
7.98
3.05
.51
85
2 31
.52
Nondurable goods 2
Food and beverage
Textile
Paper. _
Chemical
Petroleum
Public Utilities
Dec.
6 62
2.74
.41
43
2 02
.40
5.95
2.56
.37
.48
1.63
.38
_
Sept.
10. 82
4.15
1.00
1.12
2.76
.30
5.61
2.30
.33
.53
1.48
.33
___ _ _
June
12 63
Durable goods
Primary metals
Electrical machinery _ _
Machinery except electrical
Transportation equipment
Stone, clay, and glass___ _ _
_
March
March
Dec.
10.38
Manufacturing _
June
19 67
1966
19 65
6 21
O KQ
Sources: U.S. Department of Commerce, Office of Business Economics, and the Securities
and Exchange Commission.
1. Carryover refers to expenditures yet to be incurred on plant and equipment projects
already underway.
2. Includes industries not shown separately.
Table 5.—Starts of New Plant and Equipment Projects, Manufacturing and Public Utilities 1
[Billions of dollars]
1964
Manufacturing. .
Durable goods 2
Primary metals
Electrical machinery
Machinery except electrical
Transportation equipment
Stone, clay, and glass
Nondurable goods 2
Food and beverage
Textile
_ _ ___
Paper
_ __
Chemical
Petroleum
_
Public utilities _
1965
1966
1967
II
HI
I
II
III
IV
I
II
III
IV
I
II
HI
IV
5.10
5.41
5.29
6.33
6.64
6.73
5.96
7.39
6.89
6.93
6.99
7.99
6.47
7.25
5.37
6.41
2.48
.50
.16
.55
.49
.19
2.65
.77
.20
.36
.63
.22
2.63
.58
.20
.34
.77
.18
3.24
.84
.20
.52
.78
.20
3.62
.80
.25
.83
.81
.28
3.68
.89
.29
.43
1.21
.21
2.84
.70
.24
.58
.56
.20
3.90
.99
.31
.72
.86
.18
3.87
.76
.46
1.14
.59
.14
3.78
.91
.32
.49
.96
.25
3.71
.80
.32
.56
.92
.18
4.81
1.51
.41
.90
.76
.26
3.26
.75
.38
.88
.53
.12
3.46
.88
.27
.70
.66
.18
2.54
.32
.25
.71
.46
.12
3.43
.70
.35
.73
.59
.16
11.14 12.70 3 12. 62 12.80
1.19 1.49
1.29 1.46
.84 1.23
1.11 .78
1.11 1.34
1.33 1.61
2.52 2.90
3.37 2.46
4.29 4.30 33.91 4.92
2.61
.26
.20
.19
.59
1.10
2.76
.24
.19
.40
.60
1.03
2.68
.27
.19
.23
.72
.97
3.10
.42
.26
.29
.61
1.18
3.02
.32
.28
.34
.71
.98
3.06
.35
.32
.34
.76
1.03
3.13
.47
.31
.31
.67
1.05
3.49
.36
.33
.35
.76
1.24
3.02
.30
.33
.35
.73
.97
3.15
.36
.28
.27
.90
.95
3.28
.27
.24
.45
.94
.92
3.17
.36
.25
.26
.81
1.08
3.21
.32
.18
.41
.66
1.25
3.78
.41
.21
.56
.98
1.32
2.83
.38
.13
.37
.50
1.08
2.98
.35
.26
.27
.32
1.27
2.34
1.48
1.27
1.32
3.30
1.75
1.44
2.83
3.38
2.28
2.28
2.74
4.93
3.30
2.62
3.06
_ 10.99 14. 03
2.68 3.38
.76 1.10
1.76 2.55
2.66 3.44
.79
.87
6.41
9.32
10.68 13. 92
1. Starts are estimated by adding changes in carryover to expenditures during the given
period.
2. Includes industries not shown separately.
3. Eevised.
IV
16.17 12.69
3.98 2.65
1.50 1.24
3.10 3.02
3.22 2.24
.83
.58
22.13 26.73 "28.79 25.49
_
I
1967
1966
1965
1964
Annual
Sources: U.S. Department of Commerce, Office of Business Economics, and the Securities
and Exchange Commission.
SURVEY OF CURRENT BUSINESS
March 1968
Facilities viewed as "about adequate" for 1968 production requirements represented 51 percent of manufacturers' fixed assets as of December
31, up from both September and a year
earlier. The rise was accounted for by
heavy goods producers; percentages
reported by nondurable goods producers
were lower.
Companies reporting plant and equipment in excess of current and near-term
needs accounted for only 5 percent of
fixed assets at the end of December, a
proportion that was maintained
throughout 1967. There was a high
degree of stability in this proportion
in the heavy goods group, with a slight
tendency toward decline in the
nondurables.
manufacturing groups, with the major
exception of railroads.
Transportation programs mixed
Nonmanufacturing Programs
Investment in nonmanufacturing facilities, during 1967 and as programed
for 1968, provides a fairly steady though
moderate upward thrust to business
capital expenditures. Increases are widespread among the component non-
Nonrail transportation firms are
scheduling a substantial 16 percent rise
for 1968—to $4% billion—on top of the
13 percent increase last year. Airline
companies expect to invest more than
$2% billion in 1968—a 20 percent increase from last year. After the sustained uptrend in 1967, airlines expect
outlays to dip slightly in the first half
of 1968 but to resume their rise in the
second half. Expenditures by pipelines
and trucking firms are also scheduled
for considerable expansion during 1968.
For the latter group, the increase would
follow a cutback of one-seventh from
1966 to 1967.
Railroads are continuing to trim
capital expenditures. Their programs
call for a 17 percent reduction this year
following a decline of one-fourth from
1966 to 1967. These companies had
accelerated their outlays dramatically
in the 1961-66 period—at an average
annual growth rate of almost one-fourth.
13
The recent and proposed cutbacks
center in equipment; outlays for road in
the 1966-68 period are being maintained at a level of about $400 million
per year. The weakness in equipment
programs shows up in unfilled orders
for freight cars, which declined more
than 50 percent during 1967. Shipments
of freight cars in the fourth quarter of
1967 were about 30 percent below the
fourth quarter of 1966, and the ratio of
yearend backlogs to fourth quarter
shipments was 4.5 as compared with
7.3 a year ago.
Public utilities up
The continued substantial expansion
of investment by utilities constitutes
one of the strongest areas in the recent
investment picture. TLiectric utilities
expect to spend $8.2 billion this year, 10
percent more than in 1967. Last year,
CHART 8
Manufacturers' Evaluation of
Existing Capacity*
Table 6.—Manufacturers' Evaluation of Their Capacity
Percent of Capital Assets Held by Respondents With —
[Percent distribution of gross capital assets] 1
60
1964
1965
1966
Dec. Mar. June Sept. Dec. Mar.
31
31
31
30
30
31
19 67
MORE CAPACITY NEEDED
June Sept. Dec. Mar. June Sept. Dec.
30
30
30
31
30
31
31
50
More plant and equipment needed
All manufacturing
43
42
47
49
48
51
50
50
47
45
45
46
44
40
41
44
41
46
39
79
28
_
Durable goods 2
_
Primary metals _ _ 3 _
_
Metals fabricators
Nondurable goods 2
Food and beverage Chemical _
Petroleum
42
48
39
43
37
79
24
49
53
51
45
40
83
24
53
53
61
46
44
80
24
50
53
51
46
46
83
23
52
61
51
49
47
81
31
51
56
52
49
45
83
30
51
58
52
49
47
87
30
49
54
51
44
45
88
22
45
48
48
45
42
80
27
44
42
49
46
40
76
37
45
43
49
47
45
75
37
38
31
43
49
42
79
39
30
CAPACITY ADEQUATE
About adequate
60
All manufacturing
Durable goods 2
Primary metals 3
Metal fabricators
Nondurable goods 2 _ _ _ _
Food and beverage
Chemical _ _ __
Petroleum
51
_ __
52
47
45
47
45
45
46
48
50
50
49
51
51
42
54
51
50
20
72
50
38
56
54
54
20
76
44
32
46
50
50
16
70
40
33
37
50
47
19
71
44
33
47
50
44
16
73
42
25
47
48
46
18
67
42
30
46
48
47
16
68
43
28
47
48
46
12
69
44
32
46
52
47
11
76
48
38
49
51
50
19
71
49
43
48
51
54
22
62
48
42
48
51
50
23
62
55
53
54
49
53
19
60
40
Existing plant and equipment exceeds
needs
All manufacturing.
Durable goods 2
Primary metals 3
Metal fabricators .
Nondurable goods 2
Food and beverage
Chemical
Petroleum _
20
6
6
6
6
5
4
5
4
5
5
5
5
5
8
14
5
3
11
1
(4)
8
14
5
3
9,
1
7
15
3
5
10
1
6
7
14
2
4
9
1
5
6
14
2
4
10
1
4
6
14
2
3
7
1
2
7
14
2
3
8
1
2
6
14
1
3
7
1
1
7
14
3
4
8
1
2
7
14
3
4
8
1
2
7
15
3
3
6
2
1
7'
15
3
2
5
2
1
7
16
3
2
5
2
1
(4)
1
According to respondent companies' characterizations of their plant and equipment facilities, taking into account their
current and prospective sales for the next 12 months.
2
Includes industries not shown separately.
3
Includes machinery, transportation equipment, and fabricated metals industries.
* Less than 0.5 percent.
Sources: U.S. Department of Commerce, Office of Business Economics, and the Securities and Exchange Commission.
50
CAPACITY IN EXCESS
OE NEEDS
10
1963
64
65
66
67
End of Quarter, Not Adjusted for Seasonal Variation
* Relative to prospective operations during the ensuing 12-month period.
U.S. Department of Commerce, Office of Business Economics
i
14
SUEVEY OF CURRENT BUSINESS
outlays increased by one-fourth, substantially more than anticipated early
in 1967. Under current programs, expenditures are expected to rise in the
first quarter and to level off in the
remainder of the year on a seasonally
adjusted basis.
Expenditures in 1968 by gas utilities
are expected to rise 12 percent after
a 3 percent decline in 1967. Spending
is scheduled at a higher rate in the
first half of 1968 than in the second.
The value of new investment projects
started by public utilities in 1967
amounted to $13.9 billion, up 30 percent
or $3.2 billion from 1966; the corresponding rise in expenditures was 18
percent. The total cost of projects
initiated during 1967 exceeded expenditures by $4 billion—bringing the endof-year carryover to $14.3 billion.
Starts rose in the fourth quarter, but
somewhat less than might have been
expected on a seasonally adjusted basis.
Communications companies are programing a rise of 9 percent to $6K billion
for 1968, as compared with a 5 percent
rise last year. After a 3 percent decline
in 1967, commercial firms are raising
their investment by 2 percent in 1968
to $12.6 billion, with the increase
attributable to wholesale, retail, and
construction firms. Most of the component industries are anticipating a
pickup in the second half.
Sales Expectations
Manufacturing, trade, and utilities
companies are expecting substantially
larger sales advances in 1968, more than
the actual increases experienced in
1967 (table 1). The anticipated 1968
March 1968
increase for durable goods manufacturing is 11K percent, for nondurable goods
producers, 8% percent. Wholesale and
retail trade firms are looking forward
to sales advances of 6 percent and 8%
percent respectively, while utilities are
thinking in terms of a 7 percent gain for
1968. Actual sales of manufacturers
and trade firms last year fell short of
expectations while those of public
utilities were about in line.
When the annual sales expectations
for manufacturing and trade are compared with the seasonally adjusted
sales rates in early 1968 (rather than
with those for 1967), they each imply
further advances of about 3 percent.
The further gains are widespread among
the manufacturing industries; exceptions are chemicals and stone, clay,
and glass.
Table 7.—Expenditures for New Plant and Equipment by U.S. Business,1 1966-68
[Billions of dollars]
Annual
Quarterly, unadjusted
1966
1966 1967 19682
All industries
Manufacturing industries _
I
II
1967
III
IV
I
II
1968
III
IV
12
112
2d
half 2
I
II
III
1968
1967
1966
IV
I
II
III
IV
12
112
2d
half 2
60.63 61.66 65.23 12.77 15.29 15.57 17.00 13.59 15.61 15.40 17.05 14.26 16.31 34.65 58.00 60.10 61.25 62.80 61.65 61.50 60.90 62.70 64.80 64.30 66.05
-_
Durable goods industries. _
Primary iron and steel
Primary nonferrous metal
Electrical machinery and equipment
Machinery, except electrical.
26.99 26.69 27.93 5.61 6.78 6.84 7.75 6.10 6.81 6.48 7.30 6.14 7.08 14.72 25.60 26.80 27.55 27.75 27.85 27.00 26.15 26.00 28.00 28.10 27.85
13.99 13.70 14.39 2.87 3.51 3.54 4.07 3.08 3.46 3.33 3.82 3.17 3.66 7.56 13.15 13.85 14.35 14.50 14.20 13.75 13.50 13.50 14.60 14.55 14.25
2.17 2.31 2.14
.86 .90 .94
1.19 1.24 1.41
2.86 2.95 3.30
.42
.18
.23
.61
.54
.22
.29
.69
.56
.20
.30
.68
Motor vehicles and parts
1.93 1.66 1.58
Transportation equipment, excluding motor vehicles. _
_ _
1.09 1.09 1.11
Stone, clay, and glass3
.91 .73 .66
Other durable goods _ _
2.98 2.83 3.25
.43
.50
.18
.19
.62
.28
.22
.77
Nondurable goods industries _ _
Quarterly, seasonally adjusted annual rates
.65
.25
.38
.88
.48
.20
.27
.70
.50
.50
.38
.45
.30
.24
.76
.32
.26
.83
.24
.20
.61
.26
.18
.68
.58
.23
.30
.78
.56
.23
.30
.71
.53 1.16 2.00 2.20 2.20 2.25 2.35 2.35 2.25 2.30
.24 .49 .80 .90 .80 .90 .90 .90 .95 .85
.33 .78 1.10 1.15 1.20 1.25 1.25 1.20 1.25 1.25
.82 1.71 2.70 2.70 2.90 3.10 3.15 3.15 3.00 2.60
2.25 2.20 2.10
.95 .95 .95
1.40 1.35 1.45
3.45 3.30 3.25
.69
.24
.37
.76
.45
.21
.30
.78
.41
.42
.33
.45
.80 2.10 1.85 1.90 1.90 1.80 1.70 1.55 1.60
1.55 1.70 1.50
.27
.16
.69
.32
.18
.85
.24
.14
.74
.28 .60 .85 1.15 1.25 1.10 1.10 1.05 1.10 1.15
.18 .34 .85 .85 .95 .95 .90 .70 .65 .65
.84 1.67 2.75 3.05 3.15 3.00 2.70 2.65 2.80 3.15
1.10 1.10 1.15
.60 .70 .65
3.30 3.30 3.20
13.00 13.00 13.54 2.74 3.27 3.30 3.68 3.02 3.34 3.15 3.48 2.97 3.41 7.16 12.45 12.95 13.20 13.25 13.70 13.25 12.65 12.55 13.40 13.55 13.60
Food and beverage
Textile
_
Paper
Chemical _ _ _ _ _
1.39 1.41 1.49
1.13 .89 .86
1.50 1.64 1.67
2.99 2.88 2.84
.31
.27
.30
.61
1.35 1.40 1.45 1.45 1.40 1.35
1.15 .95 .95 .90 .85 .85
1.50 1.60 1.90 1.70 1.65 1.40
3.05 3.15 3.20 3.00 2.85 2.55
1.45 1.45 1.55
.85 .85 .90
1.70 1.65 1.65
2.95 2.95 2.75
Petroleum. Rubber
Other nondurable goods <_
4.42 4.65 5.00
.42 .49 .59
1.14 1.04 1.10
.94 1.08 1.12 1.28 1.02 1.17 1.11 1.35 1.06 1.23 2.71 4.40 4.35 4.40 4.55 4.65 4.70 4.45 4.75
.08 .10 .11 .13 .11 .13 .12 .14 .13 .14 .32 .35 .45 .40 .45 .50 .50 .45 .50
.24 .28 .31 .31 .24 .25 .26 .30 .26 .29 .56 1.05 1.05 1.30 1.15 1.05 1.00 1.05 1.10
4.80 4.95 5.10
.55 .60 .60
1.10 1.15 1.05
1.47 1.42 1.58
.33
1.55 1.60 1.60
Mining.
Railroad
1.98 1.53 1.27
.40
.37
.32
.37
.75
.40
.55
.34
.28
.39
.74
.37
.48
.36
.26
.45
.88
.38
.55
.33
.21
.40
.70
.32
.41
.39
.23
.42
.76
.34
.41
.35
.22
.42
.69
.34
.23
.40
.72
.37
.39
.35
.36
.32
.18
.36
.66
.39 .78
.21 .46
.41 .90
.74 1.44
1.35
1.20
1.35
2.75
1.40
1.35
1.50
3.00
.35
.41
.82 1.40 1.55 1.45 1.45 1.40 1.30 1.45 1.50
.33
.30
.64 1.75 2.00 1.85 2.35 1.80 1.55 1.40 1.40
1.45 1.15 1.25
.92 1.11 2.48 3.30 3.50 3.40 3.50 3.05 3.90 4.10 4.45
4.00 3.90 5.10
Transportation, other than rail
3.44 3.88 4.51
Public utilities
8.41 9.88 10.88 1.60 2.09 2.36 2.36 1.84 2.46 2.66 2.92 2.25 2.78 5.84 8.25 8.30 8.55 8.50 9.20 9.70 9.80 10.65 11.25 10.95 10.70
Communication.
Commercial and other 5_
.75 1.00
.82
.86
.70 1.12
5.62 5.91 6.45 1.26 1.42 1.36 1.58 1.35 1.49 1.46 1.62
12.74 12.34 12.60 2.83 3.06 3.33 3.52 2.87 2.99 3.09 3.39
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 1968. The estimates for the first quarter, second quarter, and second
half of 1968 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 the last 9 years.
.98 1.07
U.27 4.62 10.15
5.35 5.50 5.60 5.95 5.75 5.80 6.05 6.05
12.35 12.45 12.85 13.30 12.55 12.25 11.95 12.65
|l8.55 18.60 19.50
3. Includes fabricated metal, lumber, furniture, instrument, ordnance, and miscellaneous
industries.
4. Includes apparel, tobacco, leather, and printing-publishing.
5. Includes trade, service, finance, and construction.
NOTE.—Details may not add to total because of rounding. Data for earlier years were published in the June 1956, March 1958, 1960, 1961, 1962, 1963, 1964, 1965, 1966, and 1967 issues of
the SURVEY.
Sources: U.S. Department of Commerce, Office of Business Economics, and the Securities
and Exchange Commission.
By WALTHER LEDERER and EVELYN M. PARRISH
The U.S. Balance of Payments in
the Fourth Quarter and Year 1967
J_ HE U.S. balance of payments deteriorated sharply in the final quarter
of 1967. Measured on the liquidity basis,
the balance after seasonal adjustment
was adverse by $1,850 million in the
fourth quarter, about $1,200 million
more than in the third. For 1967 as a
whole, the deficit was $3,575 million,
as compared with $1,360 million in
1966.
On the official reserve transactions
basis, the balance was adverse by
$1,200 million in the fourth quarter
after a $450 million surplus in the
third. For 1967, the deficit measured
on this basis was $3,400 million, as
compared with a $225 million surplus
the year before.
Official reserve assets
Although the balance of payments
measured on either the liquidity or the
official reserve transactions basis was
adverse by an exceptionally large
amount, official reserve assets rose
$181 million in the fourth quarter.
This was the third consecutive quarter
in which reserve assets have risen. In
the fourth quarter, however, the composition of U.S. reserve assets underwent
a major change. Gold holdings declined
$1,012 million, while holdings of con-
vertible currencies increased $1,145
million and the U.S. gold tranche
position in the IMF improved $48
million. The fourth quarter decline in
gold holdings was exceeded only in the
second quarter of 1958, when European
countries made a major attempt to
rebuild their official gold reserves. In
the fourth quarter of last year, only a
relatively small part of the gold sold
by the United States moved into foreign
official reserves.
To a large extent, the rise in convertible currency holdings reflected
currency swaps that United States and
British monetary authorities made in
CHART 9
U.S. Balance of International Payments-Cumulative Quarterly Data
Billion
Billion $
1.0
1.0
BALANCE ON, LIQUIDITY BASIS
BALANCE ON OFFICIAL RESERVE
TRANSACTIONS BASIS
CHANGE IN U.S. OFFICIAL .RESERVE ASSETS
(Gold, Convertible Currencies,,and IMF Gold
Tranche), (decrease—)
;.
'
CHANGE JNIJ.1GQLP HOLDINGS;
' ' '
-i.o
-1.5
-2.0
-2.5
-3.0
- 3.0
-3.5
-4.0
Mar,
June
Sept.
Seasonally Adjusted
U.S. Department of Commerce, Office of Business Economics
Mar.
June
Seasonally Adjusted
Sept.
Dec,
Mar.
Sept.
Mar.
June
Sept.
-I/Includes $259 million payment of gold portion of increased
U.S. subscription to the IMF in the second quarter of 1965.
15
68-3-9
16
SURVEY OF CUEEENT BUSINESS
order to help the United Kingdom
support the exchange value of sterling.
The decline in gold reserves occurred
primarily in December and reflected
temporary uncertainties associated with
the events surrounding the devaluation
of the pound on November 18.
Changes in liquid liabilities
Liquid liabilities to foreign residents
increased during the fourth quarter
by about $2,080 million, of which
$1,320 million was accounted for by
liabilities to foreign official agencies
and $760 million by liabilities to
foreign private banks, private residents,
and international organizations other
than the IMF.
Several developments affected the
distribution of liquid liabilities between
those to private and those to official
accounts. About $150 million of the
rise in foreign official holdings of liquid
dollar assets may have been due to
seasonal shifts from foreign private
banks to central banks in order to
improve the yearend positions of the
former. After seasonal adjustment, the
fourth quarter increase in foreign
private dollar holdings came to slightly
more than $900 million, an extraordinarily large amount as compared
with the longrun trend in such holdings
but less than the $1.2 billion increase
in the third quarter. The fourth
quarter rise in dollar assets in foreign
private accounts was the net result
of large reductions in some foreign
accounts (presumably made to pay for
the large private gold purchases),
some conversions of dollar assets into
foreign currency assets, and more than
compensating increases in other accounts. To a large extent, the rise in
dollar holdings in foreign private accounts in both the third and the fourth
quarter was due to shifts by foreign
residents from sterling into dollar
assets.
The fourth quarter rise in foreign
official holdings of dollars, which was
exceptionally large even after adjustment for seasonal variation, reflected
first, proceeds from gold sales made by
foreign central banks and second,
CHART 10
Balances on Goods and Services and on Capital Transactions
Billion $
Billion $
0
3.5
3.0
—
Net Exports of Goods and Services
(left scale)
2.5
i.o
—
1.5
2.0
1.5
—
1.0
—
2.0
-2.5
,
I
1 I
1960
I
V
, Net Capital Movement
(Outflow-)
(right scale)
I
I. I
1961
I
I
1962
I
I I
I I
1963
I
I
I
3.0
I
1964
Quarterly, Seasonally Adjusted
* Exclude nonscheduled repayments of U.S. Government credits and long-term liabilities of U.S. banks.
U.S. Department of Commerce, Office of Business Economics
I
1965
I
I
I
1966
I
_L_LJ__3.5
1967
March 1968
conversions of dollars into other currencies by private foreigners.
The balances
The $181 million rise in U.S. official
reserve assets and the $2,084 million
increase in liquid liabilities to all
foreign residents account for a fourth
quarter adverse balance on foreign
transactions of $1,903 million measured
on the liquidity basis. After seasonal
adjustment, this balance was about
$1,850 million, as was mentioned above.
The $181 million rise in U.S. official
reserve assets, combined with the
$1,324 million increase in liquid liabilities and a $247 million increase in other
liabilities to foreign official organizations, accounted for a fourth quarter
adverse balance of $1,390 million measured on the official reserve transactions
basis. Seasonal adjustments reduced
this balance to about $1,200 million.
Major fourth quarter changes
The major changes in the international transactions of the United
States are indicated in chart 10,
which shows that for the first time in
the last 8 years a major decline in the
balance on goods and services coincided
with a major increase in net capital
outflows. Usually these two major
balances have moved in opposite directions and thus their effects on the
balance of payments as a whole have
canceled one another out to a large
extent. This time the effect of their
movements was additive and contributed to the extraordinary deterioration in the balance of payments.
The most important changes accounting for the sharp deterioration of
the balances measured on either basis
(shown in table A) were:
(1) An $830 million deterioration in
the credit balance on nonmilitary
merchandise trade, as imports increased
$660 million and exports declined
$170 million;
(2) The liquidation by the United
Kingdom Government of its portfolio
of U.S. corporate securities and U.S.
Government agency bonds, which accounted for most of the $520 million
March 1968
SURVEY OF CUEEENT BUSINESS
17
adverse change in transactions in U.S. Temporary factors in fourth quarter
These adverse developments were
balance
securities, other than Treasury issues,
offset by a more favorable balance on
by United Kingdom residents;
The large adverse balance in the unrecorded transactions than has gen(3) A $40 million increase in net fourth quarter can be attributed in part erally been the case and, in the balance
debits on Government grants and to developments that are likely to affect measured on the liquidity basis, by
capital transactions, due mainly to the balance of payments for only a net receipts of $160 million from investchanges in Government liabilities on relatively short period. Among the ments by foreign official agencies and
military contracts, while grants and latter were the strike in the copper international institutions in time denew loans to foreign countries remained industry and the stockpiling of steel in posits, time deposit certificates with an
unchanged;
anticipation of a strike later this year. original maturity of 1 year or more,
(4) A $170 million decline in the These and other temporary fluctuations and U.S. Government agency bonds. Alnet credit balance on unrecorded trans- may have raised fourth quarter imports together, these temporary developments
actions, from net receipts of $210 about $150 million to $200 million above and special financial transactions may
million in the third quarter to about the amount they might have been other- have adversely affected the fourth
$40 million in the fourth. Even after wise. Short-term investments abroad by quarter balance measured on the liquidthe decline, this balance remained U.S. corporations were also exception- ity basis by roughly $600 million to
more favorable than the quarterly ally high ^s compared with previous $700 million. In the previous quarter,
average in recent years.
experience, and were not likely to have temporary developments and special
The adverse changes were partly continued at that rate. In any case, financial transactions were estimated
the present program to restrain capital to have improved the balance about
offset by:
outflows can be expected to prevent $300 million.
(1) A $75 million decline in the net
outflow of private U.S. and foreign similar outflows and to result in reGoods and Services
capital other than liquid funds. This patriations of some of these funds.
The balance on goods and services
reflected a $535 million rise in the net Another temporary adverse developoutflow of corporate funds offset by a ment was the liquidation by the .British declined to about $700 million in the
$470 million favorable shift in the Government of its securities portfolio. fourth quarter from $1.4 billion in the
movement of banking funds and a
$150 million improvement in the balTable A.—Balances of Major Transactions
ance on transactions in U.S. and foreign
[Millions of dollars]
securities (omitting the British liquidations and other special transactions);
1967
(2) A $230 million improvement in
IV
Change,
1966
1967 Change, III
the balance on goods and services other
III-IV
1966-67
than nonmilitary merchandise trade—
Seasonally adjusted
due mainly to a decline in travel expenditures and an increase in transfers Balance on goods and services, excluding transfers under military grants. 5,102 4,798 -304 1,408
-689
719
under military sales contracts—and in
-834
Balance on nonmilitary merchandise trade
243
3,658 3,483 -175 1,077
Balance on travel
-323
+161
-1,084 -1, 529 -445
-484
private remittances and Government
Balance on military transactions
____
-750
+107
-857
-2,847 -3, 046 -199
-22
Balance on investment income. __
1,235
+335
1,257
4,171 -4, 506
transfer payments;
+33
Private remittances, net
-188
-200
-167
-835
-647
44g
-102
+54
-85
-363
-156
(3) A $50 million increase in net in- U.S. Government pensions and other transfers __ _funds, net * _ _
Private, U.S., and foreign capital other than liquid
-600 -1,089 -1,014
+75
-2, 906 —3, 506
-535
Corporate capital (assets and liabilities)
+257
-561 -1, 096
-2,838 -2, 581
vestments by foreign official and inter+148
Security transactions (assets and liabilities). _
-112
36
-322
. -76
-398
+466
75
Claims and liabilities reported by U.S. banks
_
•-728
-391
-482
246
national agencies in time deposit cer-4
-29
Claims and liabilities reported by brokerage concerns
-53
-25
8
-45
tificates and time deposits, Government Government grants and capital, net
-44
-975
-74
-931
-3, 807 -3, 881
-4
Grants (excluding military) and capital outflows. _ __ .
-449 -1, 204 -1,208
-4, 680 -5, 129
agency bonds, and certain nonmarket+28
233
261
Scheduled loan repayments
+191
806
997
2
68
-28
40
Liabilities other than marketable or convertible securities
67
251 •+184
able, nonconvertible Government bonds
-172
37
209
-293
-302
-595
with an original maturity of 1 year or Errors and omissions
more. Many of the time deposits, time Special financial transactions: agencies in long-term time deposits or
Investment by foreign official
+162
147
-15
+232
certificates of deposit in U.S. banks 2
1,020
788
deposit certificates, and Government
Investment by international and regional organizations in long-term
time deposits or certificates of deposit and U.S. Government agency
agency bonds approach in liquidity
-108
13
121
-146
bonds.
_ __
_ __
439
293
Nonscheduled loan repayments by foreign governments of U.S.
those that are classified as liquid liabil-5
-422
5
Government credits
428
6
Liquidation of U.S. securities other than Treasury issues by United
ities. Net foreign investments in such
-520
-510
10
-355
-101
-456
Kingdom (Government and private)
+18
12
30
Other transactions listed in table B
financial instruments affect the balance
Total of above transactions equals balance measured on liquidity basis. _ -1,357 -3,575 -2,218 -638 -1,851 -1,213
measured on the liquidity basis, but to
the extent that they are made by for1.
capital, see
security transactions, see
34-36, 52, less new issues
eign official agencies, they have no effect tionsCorporatein corporate table E;and less transactions showntables 1 and 2, linesand liabilities reported byby U.S. corporaincluded
capital
in table B; claims
U.S. banks, see
tables 1 and 2, lines 37, 38, 53, less transactions shown in table B; claims and liabilities reported by brokerage firms, see tables
on the balance measured on the official 1 and 2, parts of lines 40 and 55.
2. Net of conversion of long-term certificates of deposit into nonmarketable, nonconvertible, medium-term U.S. Governreserve transactions basis.
ment securities in the third quarter.
SURVEY OF CURRENT BUSINESS
18
third. The fourth quarter balance was
the lowest since the first half of 1960,
and the $700 million deterioration was
larger than in any previous quarter
since 1950. The decline in the balance
on nonmilitary merchandise trade was
even larger, but was partly offset by
improvements resulting from larger
transfers under military sales contracts
and from reduced travel expenditures.
Nonmilitary merchandise trade
Imports, after a slight drop in the
second and third quarters, rose $660
million in the fourth. The increase
stemmed partly from the rise in business
activity in the second half of the year
and partly from special circumstances.
Included in the latter category was an
$85 million rise in petroleum imports;
this recovered some of the $60 million
shortfall in the preceding quarter that
resulted from the war in the Middle
East. Imports of steel, copper, and
other metals advanced more than $210
million; over half of this rise may have
been associated with threatened or
actual domestic strikes. Imports of
foodstuffs and beverages increased $50
March 1968
products and a resumption of the upward movement in imports of capital
goods.
U.S. exports of nonmilitary goods in
the fourth quarter were about $170
million less than in the third. About
$80 million of this decline was in
agricultural products, which dropped
to the lowest level in nearly 3 years
because of a substantial increase in the
harvest of agricultural products abroad.
The fourth quarter decline in exports
of nonagricultural products reflected
mainly the drop in petroleum shipments, which returned to the level
prevailing before the closing of the
Suez Canal last June.
Omitting the extraordinary petroleum
shipments in the third quarter, fourth
quarter nonagricultural exports to developed countries rase almost $100
million and nearly returned to the peak
reached in the second quarter. To a
large extent, the recent recovery in
exports to these countries was due to
rising deliveries of commercial aircraft. Exports to less developed countries, however, declined, in part because
million, which was double the average
quarterly increase during recent years.
Imports that reflected special circumstances may have been about $150 million to $200 million, and may have
accounted for more than one-third of
the change from the third quarter.
There was also an $85 million increase
in industrial materials other than those
mentioned above and a new spurt in
imports of consumer goods other than
passenger cars; the latter had been
relatively stable during the second and
third quarters but rose about 6 percent
in the last quarter of the year. Imports
of automotive products (other than
those of domestic type from Canada),
which dropped from the middle of 1966
to the middle of 1967, started to rise
again in the third quarter of 1967; this
rise sharply accelerated in the fourth,
when imports reached a seasonally
adjusted annual rate of $1.2 billion.
Imports of capital goods did not increase but remained close to the peak
of the last quarter of 1966. January
1968 figures indicate a further rise in
imports of foreign-type automotive
Table B.—Changes in Near-Liquid Liabilities, IN on scheduled Repayments by Foreign Governments of U.S. Credits, and Other Special
Financial Transactions by U.S. and Foreign Official and International Agencies
[Millions of dollars]
Effect on balance measured on—
Official reserve transactions basis
Liquidity basis
Lines in tables 1, 2, and 8 in which transactions are included are indicated in ( )
1966
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 in U.S. banks (53)....
In nonguaranteed U.S. Government
agency bonds (52)
-38
205
II
788 1,020
43
284
172
13
161
195
1965
1967
I
IV
I
II
III
88
373
304
584
-15
11
10
69
25
54
67
(*)
15
244
1-21
73
139
27
221
428
6
3
7
226
192
Nonscheduled repayments by Canadian
Government of U.S. private credits
(35)
139
30
40
69
30
Canadian Government purchases of
IBKD bonds from U S owners (36)
23
Postponement of new issues of Canadian
securities (34)..
150 —150
Liquidation of U.S. securities other than
Treasury issues by United Kingdom
(Government and private) (52)__.
_ . -522 -101
Deferral of service on United Kingdom
loan (13 and 44)
138
71
(*)
I
IV
221
428
6
3
7
226
30
40
69
I
II
III
IV
-19
25
-28
71
192
10 -510 -522 -101 -456
138
(*)
5
(*)
10
-510
30
23
23
*Less than $500,000 (±).
1. Includes also certain foreign official investments in nonmarketable, nonconvertible, medium-term U.S. Government securities.
IV
30
150 —150
-46
III
139
30
—150
-61
II
147
23
-456
1967
-11
5
1966
24
-6
III
5
Nonscheduled repayments by foreign
governments of U.S. Government
credits (45)
1967
1966
1967
1966
1965
—150
-61
-46
-19
25
-28
71
March 1968
of lower shipments under Government
assistance programs. Exports to less
developed countries are also affected
by business conditions in the more
advanced countries several quarters
earlier, and fourth quarter exports
may still have been influenced by the
relatively slow rate of business expansion in the United States as well as in
several European countries in the first
half of 1967.
Income on investment
Income on U.S. direct investment
abroad, after seasonal adjustment, was
about the same as in the third quarter.
Incomes from Latin America and the
Near East continued to reflect the
higher oil profits that followed the
closing of the Suez Canal. The increase
in incomes from the United Kingdom
in the fourth quarter reflected special
dividends, and the rise in incomes received from the European Economic
Community was due principally to a
major special dividend that was reinvested and that is included in the
direct investment outflow figure. Incomes from Canada, which in the
second and third quarters of 1967 had
been higher than a year earlier, in the
fourth quarter were $50 million less
than a year ago. These changes in
quarterly incomes from a year ago may
reflect shifts in the timing of dividend
distributions rather than changes in
earnings.
Other goods and services
U.S. travel expenditures in foreign
countries, after seasonal adjustment,
dropped about $150 million in the
fourth quarter. The decline reflected
the ending of the exceptionally large
volume of travel to the Canadian
exposition in Montreal that occurred
in the second and third quarters.
Travel expenditures in the United
States by foreign residents, after seasonal adjustment, rose slightly in the
fourth quarter. This increase, together
with the much larger decline in U.S.
travel expenditures, resulted in an
overall improvement of about $160
million in the balance on travel expeditures.
Deliveries under military sales contracts in the fourth quarter were ap-
SUKVEY OF CUKKENT BUSINESS
parently close to those in the first and
second quarter. In the third quarter,
they had been about $100 million less.
On the basis of preliminary information, military expenditures abroad in
the fourth quarter are estimated to
have been $1,110 million, about $20
million above the third quarter. Payments to the United Kingdom rose
about $35 million to $78 million, with
the increase reflecting U.S. expenditures
in the United Kingdom for military
equipment under an offsetting agreement. Expenditures in Japan and the
combined area of "other Asia and
Africa" increased about $15 million,
19
reaching $590 million, or $2,360 million
at an annual rate. This compares with
$840 million in 1964, before the military
buildup in the Far E$st began. However, preliminary estimates of military
expenditures are often based on incomplete records, and final figures have
frequently involved some upward revision.
Private remittances dropped about
$30 million in the fourth quarter to a
normal level. In the second quarter
and, to a lesser extent, in the third,
these remittances included extraordinary contributions to Israel. U.S.
Government pensions and other trans-
Table C.—U.S. Nonmilitary Exports1: Total, Agricultural, and Nonagricultural
[Millions of dollars]
1966
1966
1967
I
1967
III
II
I
IV
II
III
IV
Seasonally adjusted
ALL COMMODITIES
Global, all countries
Developed countries, total Developing countries, total
29, 168
19, 621
9,547
30,463
20, 701
9,762
7,203
4,844
2,359
7,181
4,899
2,282
7,382
4,959
2, 423
7,402
4,919
2,483
7,671
5,063
2,608
7,712
5,262
2,450
7,626
5, 201
2,425
7,454
5,175
2,279
9,587
1,760
7,827
9,657
1,849
7,808
2,479
459
2,020
2,411
447
1,964
2,420
454
1,966
2,277
400
1,877
2,303
428
1,875
2,497
494
2,003
2, 466
513
1,953
2,391
414
1,977
Eastern Europe (Soviet-bloc) - -.
Canada
Latin American Republics
200
6,527
4,179
201
7,081
4,074
57
1,580
1,054
46
1,622
997
36
1,636
1,069
61
1,689
1, 059
73
1,795
1,062
46
1,757
999
38
1,758
1,041
44
1,771
972
Japan. . _
Australia, New Zealand, and Republic of South Africa.
All other countries
2,358
2,689
502
594
617
645
618
690
687
694
1,149
5,168
1,274
5,487
283
1,248
272
1,239
286
1,318
308
1,363
347
1,473
318
1,405
290
1,346
319
1,263
Western Europe, total
United Kingdom
Other Western Europe..
__ __
...
AGRICULTURAL
Global, all countries
Developed countries
Developing countries
6,946
4, 474
2,472
6,450
3,975
2,475
1,675
1,082
593
1,716
1,149
567
1,839
1,196
643
1,716
1,047
669
1,621
954
667
1,656
1,016
640
1,634
1,024
610
1,539
981
558
2,872
493
2,379
2,505
438
2, 067
731
124
607
709
118
591
755
128
627
677
123
554
601
104
497
632
119
513
646
115
531
626
100
526
Eastern Europe (Soviet-bloc)
Canada
Latin American Republics.
_ _ __
135
533
489
110
521
489
43
147
125
30
152
112
20
132
128
42
102
124
51
138
139
27
124
107
14
129
134
18
130
109
Japan
Australia, New Zealand, and Republic of South Africa
All other countries
965
881
177
264
285
239
194
241
237
209
104
1,848
68
1,876
27
425
24
425
24
495
29
503
21
477
19
506
12
462
16
431
Western Europe total
United Kingdom
Other Western Europe.
NONAGRICULTURAL
22, 222
15, 147
7,075
24,013
16, 725
7,288
5,528
3,762
1,766
5,465
3,750
1,715
5,543
3,763
1,780
5,686
3,872
1,814
6,050
4, 109
1,941
6,056
4,246
1,810
5,992
4,177
1,815
5,915
4,193
1,722
6,715
1,267
5,448
7,152
1,411
5, 741
1,748
335
1,413
1, 702
329
1,373
1,665
326
1,339
1,600
277
1,323
1,702
324
1,378
1,865
375
1,490
1,820
398
1, 422
1,765
314
1, 451
Eastern Europe (Soviet-bloc)
Canada .
Latin American Republics
65
5,994
3,690
91
6,560
3,585
14
1,433
929
16
1,470
885
16
1,504
941
19
1,587
935
22
1,657
923
19
1,633
892
24
1,629
907
26
1,641
863
Japan..
Australia, New Zealand, and Republic of South AfricaAll other countries
1,393
1,808
325
330
332
406
424
449
450
485
1,045
3,320
1,205
3,612
256
823
248
814
262
823
279
860
326
996
299
899
278
884
302
833
Global, all countries
Developed countries
_ _
Developing countries. . _ _ _ _ _
Western Europe, total. .
United Kingdom
Other Western Europe
1. Balance of payments basis.
_
SURVEY OF CURRENT BUSINESS
20
Government liabilities associated
with military transactions decreased
$140 million after seasonal adjustment.
This decrease in net liabilities resulted
from current transfers of $360 million
in goods and services under outstanding
military sales contracts and $220 million
in receipts of new funds for current and
future deliveries. The $220 million included $115 million of cash, while the
remaining $105 million was provided
through U.S. Government credits.
The fourth quarter decrease of $140
million in Government liabilities associated with military transactions and
the drop of $60 million in the third
quarter were the first substantial reductions in these liabilities, which had
increased for an extended period. The
decline reflected the drop in German
prepayments for military equipment.
These prepayments were partly replaced
by German purchases of medium-term,
nonconvertible U.S. Government bonds
amounting to $500 million in fiscal year
1968, distributed equally over the four
quarters. U.S. Government receipts
from scheduled principal repayments
increased about $30 million to $260
million, after seasonal adjustment. Before adjustment, they were $338 million
and included the annual payments received on the British loan as well as
higher principal collections on military
credits.
fers also fell back to previous levels,
after a $60 million increase in the third
quarter that represented payments on
settlements of two special World War
II claims.
Government Grants and
Capital Transactions
U.S. Government grants and capital
outflows increased about $125 million
from the .third quarter but after seasonal adjustment were about unchanged
at $1,210 million. Most of the unadjusted increase was in sales under farm
product disposal programs and in
Export-Import Bank loan disbursements. Disbursements under the
Foreign Assistance Act declined, reflecting the delays that occurred last fall in
congressional authorization for the program. Capital subscriptions to international financial organizations also
dropped off, mainly because of reduced
drawings on letters of credit by the
International Development Association.
Use of foreign currencies by the U.S.
Government other than for grants and
credits declined to $65 million in the
fourth quarter from $140 million in the
third. Use of these funds to meet U.S.
military obligations was exceptionally
large in the third quarter and represented expenditure of Vietnamese funds
acquired through the repayment of
earlier loans by Vietnam. These changes
are included in the foreign currency
operations indicated in lines A. 23 and
A. 24 of table 5.
Private Capital Transactions
The movement of private U.S. and
private foreign capital—excluding the
Table D.—Comparison of Capital Outflows for Direct Investment, Seasonally Adjusted,
Reported in Balance of Payments Tables, With Those Covered in the Program to
Restrain Capital Outflows
[Millions of dollars]
1967
Numbers in ( ) refer to lines in tables 1 and 2
1965
1966
Year
Capital outflows reported in balance of payments tables (33)
I
II
IV
III
3,418
3,543
3,026
622
648
939
818
Investments by:
Financial enterprises
Insurance companies
241
30
146
60
71
60
8
15
11
20
32
New issues sold to other than parent companies, net
of amortization of previous issues
191
258
4
-4
2
5
1
54
27
51
13
8
9
21
Transactions covered--- _
_.
_ __ .
Less: Investment of funds raised abroad through bonds
issued by U.S. corporations (table F)
2,902
3,052
2,840
590
612
890
749
52
445
290
77
71
77
65
Long-term funds borrowed from other sources (54) *__
29
205
123
125
-24
10
12
2,821
2,402
2,427
ooo
565
803
672
Less: Transactions not covered:
Other non-program transactions
Net capital outflows on program basis 1
_ _ " _ _ _ _ _
_
15
15
15
1. Amounts transferred to foreign affiliates not known; net capital outflows on program basis may be understated, therefore.
March 1968
transactions listed in table B and excluding changes in liquid liabilities
reported by U.S. banks—resulted in a
net outflow of about $1 billion after
seasonal adjustment. This was close to
the total of $1.1 billion in the third
quarter, but higher than the quarterly
average net outflow of $0.7 billion in
the first two quarters of the year.
Although the fourth quarter change
in the total of these capital movements
was relatively small, there were major
changes in some of the components.
Corporate investments
The net outflow of corporate capital
for direct as well as for other investments increased more than $500 million, from about $600 million in the
third quarter to $1.1 billion in the
fourth. The fourth quarter outflow of
capital for direct foreign investments
by U.S. corporations exceeded $800
million after seasonal adjustment. This
was about the same as in the two preceding quarters if allowance is made
for major transactions in these periods
that merely resulted in shifts between
direct investments and other categories
of capital assets. (These shifts were
mentioned in earlier issues of the
SURVEY.)
Total capital outflows to foreign
affiliates in the fourth quarter of 1967
were about $185 million less than a
year earlier. Although outflows to Europe were $285 million smaller and
those to Canada declined $245 million,
outflows to other areas increased $345
million.
The area distribution was affected by
corporate reorganizations that resulted
in transfers of assets, amounting to not
quite $100 million, from affiliates in
Western Europe to shipping companies
incorporated in Liberia and Panama.
(These transfers are shown in table 8
under "international organizations and
unallocated.") Other factors, particularly the slowdown in the business expansion in other industrialized countries
earlier in 1967, the investment policies
requested under the voluntary program
to restrain capital outflows to industrialized countries, and an apparent spurt
in the development of mineral and petroleum resources, also affected the area
distribution of capital outflows for direct investments.
March 1968
SURVEY OF CUEEENT BUSINESS
It should be noted that data on capital outflows for direct investments reported in the balance of payments
tabulations differ somewhat from those
reported under the present and previous
programs to restrain such capital outflows. The principal differences are the
exclusion from these programs of (1)
capital outflows through purchases by
U.S. residents other than the parent
companies of securities issued by foreign affiliates, (2) investments by U.S.
financial corporations (which are covered under the program administered
by the Federal Reserve Board), and
(3) funds that had been obtained
through borrowing from foreign sources
by U.S.-incorporated companies. The
tabulation on p. 20 (table D) shows
these adjustments.
The large increase in foreign investments by U.S. corporations was in investment claims on unaffiliated foreign
residents. After seasonal adjustment,
the movement of funds for such investments shifted from a net inflow of about
$80 million in the third quarter to a net
outflow of about $460 million in the
fourth, for a total change of $540
million.
The fourth quarter outflow of $460
million included about $100 million in
long-term claims, possibly commercial
credits on capital goods including
aircraft. The more than $360 million
outflow of short-term funds was invested in U.S. dollar assets, mainly in
Europe and Canada; therefore, it
cannot be attributed to fears concerning
the future exchange value of the dollar.
An increase in yields on Euro-dollar
deposits relative -to those on U.S.
certificates of deposits may have contributed to the outflow. However the
rise in the spread in the fourth quarter was
partly seasonal. Moreover, in the fourth
quarter of 1967, it was considerably less
than in the corresponding 1966 period
while the outflow of U.S. funds was
substantially higher. The increase may
reflect the improvement in the corporate
cash position, as compared with the
last quarter of 1966, in addition to other
considerations that may also have contributed to the buildup of corporate
funds abroad.
The seasonally adjusted capital flows
through changes in foreign assets and
liabilities of U.S. corporations are
summarized in table E.
Banking transactions
The large fourth quarter increase in
capital outflows through investments
by U.S. corporations in foreign assets
other than their own affiliates was
largely offset by a shift in the movement
of claims on foreigners reported by U.S.
banks. In the third quarter, there was a
net outflow of nearly $400 million of
such funds, but in the fourth quarter,
this changed to an inflow of nearly $100
million. The shift becomes apparent
only after the figures are adjusted for
seasonal variations; the unadjusted
figures show an increase in net outflows
from about $150 million in the third
quarter to $240 million in the fourth.
The adjustments reflect the seasonal
movements of short-term banking funds
over several years, mainly to Japan,
Canada, and Latin America. Although
net outflows to these areas continued
to increase from the third to the fourth
quarter, as in previous years, the size
of the third to fourth quarter shift was
somewhat less than in the 2 preceding
years. There was also a considerable
repatriation of short-term funds from
Europe. All of these developments may
reflect the effects of the program to
restrain capital outflows, including the
changes in the program that were
announced in the middle of November.
Transactions in securities
In the fourth quarter, there was a
seasonally adjusted net capital inflow of
$40 million resulting from transactions
in foreign and U.S. securities other than
Treasury issues—excluding the sale of
21
new securities by U.S. corporations to
finance their foreign investments (which
are covered above under corporate
capital movements) and the special
security transactions included in table
B. This inflow may be compared with a
net outflow of $110 million in the third
quarter.
U.S. purchases of foreign securities
newly issued in U.S. markets declined
from the exceptionally large amount of
over $500 million in the third quarter to
nearly $400 million in the fourth. However, they were still larger than in most
other quarters since the summer of 1963
when the Interest Equilization Tax
(IET) became effective. The large
amount of new issues in the third quarter
included about $60 million of extraordinary sales by Israel; these sales fell
in the fourth quarter. Furthermore,
sales by international and regional
institutions declined from $140 million
in the third quarter to $50 million in the
fourth.
Transactions in outstanding foreign
securities continued to result in net U.S.
purchases, which rose to more than $80
million from over $70 million in the preceding quarter. In both of these periods,
net purchases of foreign bonds were
higher than those of foreign stocks.
Most of these securities were Canadian.
From the time the IET became effective
until the middle of 1967, transactions in
outstanding foreign securities usually
resulted in net U.S. sales; the experience
in the third and fourth quarters of 1967
thus represents a major change.
The rise in U.S. purchases of foreign
securities in the third quarter was more
Table E.—Foreign Assets and Liabilities of U.S. Corporations (excluding banking and
brokerage claims and liabilities)
[Millions of dollars, seasonally adjusted]
1967
(Credits +; debits -)
(Numbers in ( ) refer to lines in tables 1 and 2)
1966
Year
II
-3, 543
-3, 026
-622
-648
-939
-818
-112
-320
-301
-256
-68
-70
-170
134
35
46
-366
594
Direct investments (33)
I
III
IV
446-
92
99
138
117
205
252
123
280
125
59
-24
45
10
156
12
20
-2, 924
-2, 734
-484
-564
-554
-1,133
Other corporate claims:
Long-term (39)
Short-term 1 (40)
-98
Corporate liabilities:
New issues of securities (table F) _
Other corporate liabilities:
Long-term (54)
Short-term 1 ^)
Total
__
1. Excludes claims and liabilities reported by U.S. brokers.
SURVEY OF CURRENT BUSINESS
22
March 1968
(1) The surplus on goods and services about $600 million in 1967. U.S. capital
transactions declined $300 million, outflows net of the rise in foreign liabiliwhich appears to have been only a ties by U.S. corporations increased $1.5
small factor in the deterioration of the billion. The increase stemmed from
overall balance of payments. However, larger net outflows through banking and
it may be more appropriate to compare securities transactions. The outflow of
this decline with earlier expectations of corporate funds net of the rise in foreign
a considerable increase. This increase liabilities was actually $200 million
did not materialize, mainly because of smaller than in 1966.
These adverse developments were
the rapid rise in merchandise imports
in the last quarter of 1967 and the partly offset by a $700 million increase
Major 1966-67 Changes
failure of merchandise exports to expand in net sales of outstanding U.S. corporate securities to foreigners (omitting
Table A shows the changes in major after the first quarter.
categories of transactions that account
(2) Private remittances rose nearly the new issues of U.S. corporations
for the more than $2.2 billion deteriora- $200 million, reflecting a temporary to finance their foreign investments),
tion in 1967 in the balance measured on increase related to the conflict in the and a $200 million rise in other foreign
the liquidity basis and the more than Middle East in June.
investments in the United States.
(4) Government transfers, grants,
$3.6 billion deterioration in the balance
(3) Net outflows of private U.S. and
measured on the official reserve trans- foreign capital (other than the special and capital transactions, excluding reactions basis. The principal conclusions financial transactions listed in table B ceipts from advance debt repayments
derived from these figures are:
and the changes in liquid funds) rose by foreigners and excluding a foreign
conversion of a medium-term certificate of deposit into medium-term nonTable F.—Sources and Uses of Funds Obtained Abroad by U.S. Corporations Through the
Issue of New Securities to Finance Direct Investment Abroad *
convertible Government notes, resulted
[Millions of dollars]
in a $160 million increase in net debits.
(5) Errors and omissions added about
Tables
19 67
1965
19 86
1,2
(Credits +, debits — )
1965
1966
1967
$300 million to the debits. These and
and 8,
line
IV
IV
III
III
IV
II
I
III
I
II
smaller changes in other transactions
raised net payments in 1967 approxiSources of funds:
mately $1.5 billion over 1966. In ad52
Transactions in U.S. securities other than
dition, net receipts from the special
Treasury issues
594
92
99
117
446
19
172
291
35
85
138
191
183
financial transactions listed in table B
Uses of funds:
33
Direct investment
-65
-52 -445 -290
— 1 —51 —51 -234
-34 -126 -77 -71 -77
declined nearly $0.7 billion, mainly
40
Short-term claims reported by U.S. residents
because advance repayments of foreign
other than banks. :_ . -139 -143 —132 -18 -121 -126 -57 -1
41 -15
-4 -61
-52
54 &55
Repayments of liabilities
loans declined, and official British sales
-24
to foreigners __ _ _
-24
59
Foreign deposits and
of U.S. securities increased.
money market paper
than offset by a sharp increase in net
foreign purchases of outstanding U.S.
securities, mainly stocks. Such purchases increased further in the fourth
quarter (table G). The sale of U.S.
securities to foreign investors was one of
the major developments favorable to
the U.S. balance of payments in the
second half of last year.
held in the United
States
—6
—6
Transactions With EEC
1. Excludes securities issued by subsidiaries incorporated abroad and also excludes funds obtained abroad by U.S. corporations through bank loans and other credits.
Table G.—Transactions in U.S. Securities Other Than Treasury Issues (Increase in foreign
assets +)
[Millions of dollars!
Tables 1, 2, and 8, Line 52
1966
19 67
19 66
1967
I
II
III
I
IV
II
III
IV
909
994
173
520
107
109
120
319
549
6
Issues of new securities sold abroad
by U.S. corporations to finance
direct investments abroad
594
446
183
291
35
85
92
99
138
117
Investment by international and
regional organizations in nonguaranteed
U.S. Government
agency bonds
244
121
73
139
27
5
—6
71
67
-11
Liquidation of U.S. securities other
than Treasury issues by United
Kingdom
(Government
and
private)
—101
—456
—61
—46
—19
25
—28
71
10
-510
172
—48.
220
883
84
799
-22
—50
28
136
19
155
64
22
42
-6
—1
—5
62
2
60
78
g
70
334
17
317
409
57
352
Total
Other transactions. _Bonds
Stocks
U.S. international transactions with
the European Economic Community
(EEC) are shown for the first time in
table 8 for the year 1966 and for the
four quarters of 1967. Quarterly data
for 1966 will be included in the June
SURVEY.
The data on international transactions with the EEC, and also with the
United Kingdom, are subject to certain
reservations, since some transactions
may have been reported by the initial
rather than the ultimate party to the
transactions. The financial data for
the EEC are especially affected since
Switzerland and the United Kingdom
are major European financial centers,
(Continued on page 36)
SURVEY OF CURRENT BUSINESS
March 1968
23
Table 1.—U.S. International Transactions
[Millions of dollars]
Line
(Credits+; debits-)
1966
I
1
2
Exports of goods and services. _. _
Excluding transfers under military grants
44 036
43 039
46 593
45 692
3
4
5
6
Merchandise, adjusted, excluding military l
Transfers under military sales contractsTransfers under military grants, net
Transportation.
__ _
29, 168
847
997
2 589
30 463
1 273
901
2 701
7
8
9
10
Travel
Fees arid royalties from direct investments
Other private services,
Other U.S. Government services
_
1,573
1,045
1 247
325
11
12
13
Income on U.S. investments abroad:
Direct investments 2
Other private assets
___
U.S. Government assets. __
4 045
1,605
595
14
_
Imports of goods and services . . •
. _
19 67
19 66
1967 v
III
II
I
IV
II
III"
IV v
10 514
10 239
11 228
10 871
10 574
10 380
11, 720
11, 549
11,479
11,135
11, 887
11,640
» 11, 031
10,874
12, 196
12,044
7 073
198
275
588
7 361
260
357
655
6 968
178
194
688
7, 766
211
171
658
7,589
328
344
619
7,915
377
248
674
7,144
206
P157
710
7, 81f
361
152
698
1, 641
1,126
1 373
332
317
229
313
73
428
243
310
85
489
272
305
76
339
301
319
91
358
256
335
82
427
273
344
84
500
288
341
80
356
310
353
85
4 445
1 717
621
964
370
114
980
409
140
893
392
119
1 208
434
222
1,028
418
122
961
435
150
1,076
415
115
1, 381
449
235
—37 937 —40 894
—8 561
—9 388
— 10 148
—9 840
—9 617
— 10,167
— 10,459
— 10,652
—25 510 —26 980
—3 694 —4 319
—2 914
2 965
—5 919
—861
639
6 271
—911
793
6 528
—953
—791
6 792
—969
691
—6 629
—1 045
—671
—6 608
—1,070
—814
—6 419
—1,094
—770
—7 324
— 1,110
—710
15
16
17
Merchandise, adjusted, excluding military 1
Military expenditures. _ __
_
Transportation
18
19
20
Travel
Private payments for other services.
U.S. Government payments for other services
—2 657
—454
—634
—3 170
—499
—684
424
—108
— 143
—701
—110
—136
—1 037
—119
— 195
—495
—117
—160
—455
—116
—152
—870
— 121
—141
— 1 295
— 131
—206
—550
—130
-185
21
22
Income on foreign investments in the United States:
Private payments 2
U.S. Government payments
_
— 1 525
—549
1 684
—593
334
— 133
332
—134
387
—138
472
—144
—410
—138
—394
—148
—405
—139
—475
—168
6,099
5,102
5 699
4,798
1 953
1 678
1 840
1,483
426
232
1 880
1 709
1 862
1, 518
1 721
1, 473
?573
416
1,544
1,392
v —955
—798
—787
635
— 194
157
—448
— 156
— 180
— 152
—353
—102
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
_
—3, 922
—2 925
—3, 949
—3 048
— 1 123
848
— 1 129
772
—850
656
—820
649
— 1 067
723
— 1,139
891
27
28
29
30
Private remittances.
Military grants of goods and services
Other U.S. Government grants
_ _
U.S. Government pensions and other transfers
—647
—997
— 1 915
—363
—835
—901
— 1 765
—448
—153
275
—614
—81
— 166
357
—526
—80
—153
194
—385
—118
—175
171
390
—84
— 162
344
—468
04
—299
248
—496
—97
31
Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24
and 26) 3
_ •
32
Transactions in U.S. private assets, net; increase in assets (— )
Direct investments 2. ___ _ _ _ _ _ _ _ _
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities _
33
34
35
36
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
44
45
Repayment on credits:
Scheduled
_.
Nonscheduled-
50
Transactions in U.S. official reserve assets, net; increase in assets (-)
Gold_- C on vertible currencies
Gold tranche position in IMF _
1 751
830
711
—424
1 060
795
582
—382
757
—5,445
—880
— 1,272
—469
— 1 592
— 1 178
—952
-1,274
—2,041
—3 543
—1 210
405
323
—3 026
— 1 597
469
—123
—604
—466
118
—9
—1 074
—305
123
122
—693
—241
75
155
—1 172
—198
89
55
—892
—352
100
—10
—416
—412
130
44
—729
-473
137
—73
—990
—361
102
—84
__
Transactions in foreign assets in the United States, net; increase in foreign
assets (U.S. liabilities) (+)-—
_
284
—739
127
145
I
—59
102
229
107
—399
153
—18
188
—390
—70
—77
13
-254
—112
—329
—301
—411
—17
—174
—51
—29
—28
—68
16
—58
—68
—91
—170
74
35
—24
—98
-370
—1,531
—2,362
—299
—595
—305
—332
— 673
—629
—497
-563
—2 500
—265
—3 583
219
—580
91
—691
—90
—585
—131
—644
—135
—1 303
436
—794
—121
—704
24
—781
-120
806
428
Transactions in U.S. Government assets, excluding official reserve assets,
net; increase in assets (— ) __
Loans and other long-term assets i
Foreign currencies and other short-term assets *
46
2 177
-4,213
337
—84
42
43
47
48
49
p
997
6
187
3
179
7
185
226
255
192
194
286
(*)
178
5
338
(*)
568
52
424
68
82
-6
1,027
-419
-375
-181
571
—540
537
1 170
— 1 024
—94
68
222
134
209
— 163
22
173
—426
335
121
— 173
46
51
1 007
-31
15
—424
-10
92
-462
-5
1,012
-1,145
-48
2,276
3,301
6,599
—78
1 126
951
1 302
87
1,802
51
52
53
Direct investments 2
U.S. securities other than Treasury issues. __ _ _
Long-term liabilities reported by U.S. banks.. _
86
909
976
153
994
965
52
173
55
37
520
441
113
107
100
110
109
380
60
120
371
63
319
604
2,434
—7
549
-160
54
55
Other liabilities reported by U.S. private residents other than banks:
Long-term
Short-term
205
269
123
390
29
39
16
63
86
112
74
55
125
94
—24
80
10
176
12
40
56
57
Liabilities of U.S. Government, excluding marketable or convertible
securities: 1
Associated with specific transactions
Other nonmarketable, nonconvertible, medium-term securities _
116
-49
— 18
469
4
-53
—6
—26
69
-23
49
53
107
(*)
118
(*)
-56
335
-187
135
58
59
U.S. Government marketable or convertible bonds and notes 1
Deposits and money market paper held in the United States 1
—1, 561
2,350
411
3,111
—548
171
—295
376
—527
1,140
— 191
663
-14
-775
104
538
111
1,475
211
1,873
-302
—595
3
—38
165
-432
—59
60
Errors and omissions, net. _
NOTE.—Details may not add to totals because ofTounding.
' Revised.
* Preliminary.
*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; for
lines 37 through 40, in table 6; and for lines 58 and 59, in table 7.
-384
95
37
6
150
-247
2. Excludes undistributed profits of subsidiaries.
3. Numerically equal to net foreign investment in U.S. national income and product
accounts.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
24
March 1968
Table 2.—U.S. International Transactions—Seasonally Adjusted
[Millions of dollars]
1966
(Credits +; debits -)
Line
I
1 Exports of goods and services
Exluding transfers under military grants
2
3
4
5
6
Income on U.S. investments abroad:
Direct investments 2
Other private assets
U S Government assets
-
_
-
P 11, 168
10, 997
P 11, 696
11,352
P 11, 601
11,353
P 11, 687
11,530
11, 610
11,458
7,203
209
p 275
636
7,181
222
P357
642
7,382
206
v 194
661
7,402
210
P 171
650
7,671
339
p344
669
7,712
336
P 248
660
7,626
237
p 157
682
7,454
360
152
690
374
239
308
73
383
261
309
85
408
283
310
76
408
262
320
91
421
266
329
82
380
293
343
84
416
300
347
80
424
268
354
85
941
375
153
988
394
153
1,034
410
143
1,082
426
146
996
424
155
965
419
161
1,245
435
162
1,240
439
144
-8,997
-9,265
-9,762
-9,913
-9,999
-10,033
-10,122
-10,739
-6, 225
-911
-709
-6, 580
-953
-727
-6, 680
-969
-756
-6, 662
-1,045
-756
-6, 558
-1,070
-726
-6, 549
-1,094
-707
-7, 211
— 1,110
-776
-637
-116
-161
-674
-114
-161
-672
-112
-153
-674
-112
-159
-683
-124
-172
-840
-125
-167
-900
-124
-163
-747
-125
-182
-342
-133
-337
-134
-427
-138
-419
-144
-419
-138
-399
-148
-446
-139
-420
-168
p 1,789
1,514
P 1,710
1,353
P 1,345
1,151
p 1,255
1,084
P 1, 697
1,353
P 1,568
1,320
p 1,565
1,408
871
719
P- 1,126
-851
P- 1,090
-733
p-903
-709
p-803
-632
P- 1,072
-728
p- 1,100
-852
p- 1,006
-849
-772
-620
-160
p-275
-610
-81
-165
p-357
-488
-80
-160
p-194
-431
-118
-162
p-171
-386
-84
-170
p-344
-464
-94
-298
p-248
-457
-97
-200
p— 157
-493
-156
-167
-152
-351
-102
-
- -
__ _
_ _ _ _ _ _
J
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
21
22
Income on foreign investments in the United States:
Private payments 2
U S Government payments
_ _ _ _ _
------
23
24
25
26
Private remittances
Military grants o f goods a n d services
___
Other U S Government grants 1
U S Government pensions and other transfers
__
_ -
_
Unilateral transfers net; transfers to foreigners ( — )
Excluding military grants
27
28
29
SO
-
Balance on goods and services (lines 1 and 14)
Excluding transfers under military grants (lines 2 and 14)
- _ __
-
_ _
_ _ _,
31
Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24 and 26) 3.
32
Transactions in U.S. private assets, net; increase in assets (—)
Direct investments 2
Foreign securities newly issued in the United States
Redemptions
Other transactions in foreign securities
-
37
38
Loans and other long-term assets 1
Foreign currencies and other short-term assets *
44
45
Repayments on credits:
Scheduled
Nonscheduled
50
}
Gold
Convertible currencies
Gold tranche position in IMF
99
-1,608
-1, 006
-236
123
122
-900
-280
75
155
-1,003
-227
89
55
-622
-353
100
-10
-648
-344
130
44
-939
-510
137
-73
-818
-391
102
-84
-27
-61
73
16
168
-124
150
-81
160
-388
-100
-292
74
22
-51
1
-28
-43
-16
-107
-68
-100
-170
103
-98
-415
-500
-328
-338
-737
-556
-473
-596
-575
-706
-746
-738
-955
-840
-711
-857
192
226
208
192
218
284
233
5
199
7
(*)
261
(*)
56
57
58
59
U.S. Government marketable or convertible bonds and notes11
Deposits and money market paper held in the United States
_
__
}
_
Revised.
p Preliminary.
*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;
for lines 37 through 40, in table 6; and for lines 58 and 59, in table 7.
2. Excludes undistributed profits of subsidiaries.
-6
1,027
-419
-375
-181
121
-173
46
51
1,007
-31
15
-424
-10
92
-462
-5
1,012
-1,145
-48
1,145
459
1,205
364
2,166
1,821
2,249
37
520
441
-113
107
100
110
109
380
60
120
371
63
319
604
-7
549
-160
37
6
150
16
63
86
112
74
55
125
94
-24
80
10
176
12
40
-30
-53
Liabilities of U.S. Government, excluding marketable or convertible securities: i
Associated with specific transactions
_
Other nonmarketable nonconvertible medium-term securities
82
173
-426
335
492
Other liabilities reported by U.S. private residents other than banks:
Long-term
Short-term
_ _ _
68
209
-163
22
29
39
54
55
_
35
1
424
__
Direct investments 2
U S securities other than Treasury issues
Long-term liabilities reported by U S. banks
559
-1,741
68
222
134
_
- - -
Transactions in foreign assets in the United States, net; increase in foreign asset
(U S. liabilities) (+)
r
468
-1,113
52
173
55
Transactions in U.S. official reserve assets, net; increase in assets ( — )
Errors and omissions, net.
625
-984
207
3
51
52
53
60
452
-1,165
-365
Transactions in U.S. Government assets, excluding official reserve assets, net;
increase in assets (— ) .
42
43
442
-932
-17
-180
Claims reported by U.S. residents other than banks: 1
Long-term
Short-term
_ _
620
-1,135
-634
-467
118
n
- -
Claims reported by U.S. banks: 1
Long-term
Short-term
39
40
663
-981
123
85
33
34
35
36
47
48
49
IV P
p 11, 107
10,913
_ _ __
11
12
13
46
III'
P 10, 975
10, 618
__ _
Travel
--- _- -- -- - -Fees and royalties from direct investments
Other private services
Other U S Government services
41
II'
I'
-6,025
-861
-722
Merchandise, adjusted, excluding military - _ _
Transfers under military sales con tracts _ _
_Transfers under military grants, netTransportation
Imports o f goods a n d services
IV
III
P! 0,786
10,511
1
7
8
9
10
14
II
1967
40
-26
107
-23
-I
53
152
-95
335
-163
135
227
54
83
425
972
1,013
2,032
-233
-198
277
-148
-546
209
37
88
(*)
-494
-295
(*)
3. Numerically equal to net foreign investment in U.S. national income and product
accounts.
_,
*
* * <-,
^<«
* -D •
T^
;„
TT
Source: u sr, T^
- - Department of Commerce, Office of Business Economics,
SURVEY OF CUEEENT BUSINESS
March 1 6
98
25
Table 3.—U.S. Balance of Payments and Reserve Position
[Millions of dollars]
1966
1966
Line
1967
1967 '
T
II
III
I
IV
II
III
IV *
Amounts
outstanding
December
31, 1967
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 (— )
—651
-122
— 165
—419
—533
—553
—638
—1 851
2
Less seasonal adjustment
—604
27
530
47
—295
—330
573
52
3
Before seasonal adjustment (lines 4 and 8, with sign
reversed) '
_ _ _
_ _ _
—1 903
4
5
U.S. official reserve assets (table 1 line 46); increase (-)
8
Liquid liabilities to all foreigners (table 1, lines 58 and 59);
decrease (— )
_~ _
- - _
6
7
9
10
11
12
Gold
Convertible currencies
IMF gold tranche position. .
To official agencies 1
To commercial banks
To other foreign residents; and unallocated 2_ -,
To international and regional organizations
-1,357
-3,575
-47
-149
—695
—466
-238
-223
-1,211
568
52
424
68
82
-6
1,027
-419
-375
-181
14,830
571
—540
537
1 170
—1,024
-94
68
222
134
209
—163
22
173
—426
335
121
—173
46
51
1 007
—31
15
—424
—10
92
—462
—5
1 012
— 1 145
—48
12 065
2 345
420
789
3, 523
-377
81
—1 595
2,697
212
—525
2 072
1 265
394
—208
—852
404
109
—38
54
316
66
—355
613
472
—789
642
1 586
2 084
33 302
—598
1 144
91
—24
—199
833
—54
—108
—80
—753
80
—36
546
161
12
—77
282
1 265
95
56
1 324
592
207
39
16 738
11 201
4*666
*697
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 (—)
-443
-175
861
—18
—1,817
—832
456
—1 205
14
Less seasonal adjustment
-846
210
456
180
—537
143
495
185
15
Before seasonal adjustment (lines 16 through 18, with sign
reversed) _
_ _
225
—3,398
403
—385
405
— 198
— 1 280
—689
39
1 390
568
52
424
68
82
—6
1 027
—419
—375
—181
14 830
Liquid liabilities to foreign official agencies (line 9);
decrease ( — ) _ _ _ _ _ __
— 1, 595
2,072
—852
54
—598
—199
—80
546
282
1 324
16 738
Certain nonliquid liabilities to foreign official agencies;
decrease (— )
16
U.S. official reserve assets (line 4); increase (—)__
17
18
802
1,274
25
263
111
403
333
562
132
247
2 732
19
Liabilities reported by U.S. private residents
(table 1, portion of line 53)
788'
820
43
284
88
373
304
584
215
147
1 733
20
Liabilities reported by U.S. Government (table 1,
portions of lines 56 and 57)
14
454
—18
-21
23
30
29
22
347
100
999
v Preliminary.
1. 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.
2. May include U.S. Government bonds and notes held by foreign commercial banks.
NOTE.—Data for 1966 correspond to those shown in the June 1967 issue.
26
SUKVEY OF CUKKENT BUSINESS
March 1968
Table 4.—U.S. Merchandise Trade
[Millions of dollars]
Seasonally adjusted
19661
Line
1966
19671
1966 i
1967 *
I
II
III
IV
I
II
III
IV P
I
III
IV
I
II
III
IV *
7,382
7,402
7,671
7,712
7,626
7,454
7,259
7,452
7,484
7,790
7,787
7,780
7,671
II
1 Merchandise exports, adjusted (table 1,
line 3)
29,168 30,463 7,073 7,361 6,968 7,766 7,589 7,915 7,144 7,815 7,203 7,181
2 Plus merchandise exports, other than
military grant shipments excluded from
line 1 but included in Census data 2
440
686
98
102
111
165
240
129
125
156
3 Less merchandise exports included in line
1 but excluded from Census data 3
182
194
38
54
41
35
31
55
65
57
4 Less miscellaneous and special adjustments to Census data incorporated in
4
line 1, net
30
5
50
—20
5
Equals: Merchandise exports, Census
basis, including reexports, excluding
military grant shipments
29,396 30,950 7,083 7,435 7,036 7,842 7,688 7,970 7,278 8,014
7,217
6 Plus military grant shipments recorded
in Census data
_ _ _
940
672
187
140
158
239
195
158
348
187
19671
5
Equals: Merchandise exports, Census
basis, including reexports and military
grant shipments
30,336 31,622 7,241
8
Agricultural goods
6,959
6,449 1,664
9
Nonagricultural goods
23,377 25, 173 5,577
Excluding military grant ship10
ments
22, 437 24, 501 5,419
7
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
7,783
7,275
8,037
7,875
8,128
7,465
8,154
1,779
6,375
1,673
1,725
1,840
1, 741
1,617
1,658
1,631
1,552
6,235
5,544
5,534
5,612
5,743
6,173
6,129
6,149
6,119
1,675
6,108
1,648
5,627
1,972
6,065
1,615
6,260
1,606
6,522
1,449
6,016
5,760
5,388
5,870
6,073
6,364
5,829
Merchandise imports, adjusted (table 1,
line 15) . _
_
_ __ _ 25,510 26,980 5,919 6,271 6,528 6,792 6,629 6,608 6,419 7,324 6,025 6,225 6,580 6,680 6,662 6,558 6,549 7,211
Plus merchandise imports excluded from
line 11 but included in Census data 5 __.
49
220
60
43
54
47
55
205
60
57
Less merchandise imports included in6line
64
64
11 but excluded from Census data
79
245
61
57
59
62
269
68
Less miscellaneous and special adjustments to Census data incorporated in
91
line 11, net *
21
91
-71
-15
-65
Equals: Merchandise imports, Census
6,564 7,127
6,685 6,684 6,571
basis (general imports)
25,550 26,825 5,894 6,334 6,546 6,776 6,621 6,591
6,404 7,209 6,020 6,307 6,618
Foods, feeds, and beverages.
1,194 1,149 1,099 1,105 1,233 1,125 1,129 1,132 1,142 1,181 1,116 1,141 1,191
4,586 1,073 1,116 1, 116
4,499
435
422
430
449
415
423
420
Coffee, cocoa, and sugar
412
441
401
409
429
458
1,699
437
449
1,691
412
756
694
711
732
706
712
727
Other
_ _ 2,808 2,887
821
632
704
679
793
700
690
667
676
Industrial supplies and materials
Fuel and lubricants _
Building materials (except
metals)
Iron and steel products
Other metals and metal ores
(except uranium)
Other
12,092
2, 247
11, 791
2,235
2,838
600
3,100
530
3,138
572
3,016
545
2,999
621
2,949
560
2,749
490
3,094
564
2,862
560
3,043
543
3,142
585
3,061
567
3,011
572
2,898
572
2,767
505
3,146
590
789
1,312
757
1,422
177
250
223
323
215
390
174
349
164
313
191
356
209
358
193
395
201
250
211
323
194
390
184
349
184
313
181
356
188
358
203
395
2,910
4,834
2,868
4,509
578
1,233
731
1,293
799
1,162
802
1,146
676
1,225
724
1,118
666
1,026
802
1, 140
660
1,191
705
1,261
742
1,231
800
1,161
769
1,173
697
1,092
623
1,093
799
1,159
Capital goods (except automotive)
Machinery and miscellaneous
transport equipment _
Civilian aircraft, complete
Automotive vehicles and parts (incl.
engines)
Passenger cars, new and used
Trucks, buses, and special vehicles
Automotive parts and accessories (incl. engines)
Addenda: Automotive from Canada
Consumer goods (nonfood), except
autos and parts.
.
Consumer durables, manufacfactured.
Consumer nondurables, manufactured
Gem stones, nursery stock, etc.,
unmanufactured
2,151
2,395
464
532
542
613
617
602
576
600
462
503
576
621
609
571
615
611
1,939
153
2,265
58
418
32
480
39
482
45
559
37
581
17
575
12
544
14
565
15
416
32
451
39
516
45
567
37
573
17
544
12
583
14
576
15
1,896
1,244
2,611
1,702
444
316
421
272
412
258
619
398
644
428
650
420
532
319
785
535
400
275
415
271
516
343
586
371
571
363
640
417
679
437
745
501
174
294
27
34
42
71
69
79
68
78
27
34
42
71
69
79
68
78
478
(915}
615
(1,590)
101
(185)
115
(182)
112
(188)
150
(360)
147
(354)
151
(418)
145
(333)
172
(485)
98
(170)
110
(180)
131
(244)
144
(322)
139
(325)
144
WO)
174
(426)
166
(436)
3,912
4,222
846
919
1,060
948
987
1,133
1,154
941
965
993
1, 008
2,108
2,189
450
498
565
595
495
515
567
612
507
510
533
554
557
528
536
571
1,349
1,565
288
310
412
339
344
364
445
412
325
335
349
339
387
393
379
410
1,087
1,052
1,038
1,038
1,099
455
468
108
111
110
126
109
108
121
130
109
120
111
115
108
117
123
118
All other, n.e.c. (uranium, military
aircraft, low value shipments,
U.S. goods returned, etc.)
1,000
1,220
229
246
251
274
264
304
309
343
230
252
259
267
260
308
324
335
Balance on merchandise trade, adjusted
(line 1 less line 11
3,658
3,483
1,154
1,090
440
974
960
1,307
725
491
1,178
956
802
722
1,009
1,154
1,077
243
p Preliminary.
1. Data reflecting revised Census Bureau export and import figures for 1966 and 1967 will
appear in the June 1968 issue of the SUEVEY.
2. Consists mainly of exports of military equipment under Defense Department sales
contracts with foreign governments to the extent that such exports are included in the Census
data. Also includes exports of domestically owned goods into storage abroad (e.g., U.S. grain
stored in Canada); exports to the Panama Canal Zone; and exports of exposed motion picture
film for rental rather than sale.
3. Includes exports of domestically owned goods out of storage abroad (e.g., U.S. grain
sold from storage in Canada); exports of electrical energy; exports of nonmonetary gold and
silver, and net sales of gold by U.S. private residents to the U.S. monetary gold stock; personal
remittances in kind (gift parcels sent through the mail); and transfers, financed under nonmilitary aid programs, of goods to recipient countries from Defense Department stocks
located abroad.
4. Includes valuation adjustments for goods considered to be underpriced or overpriced
in 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 situations
in which shipments are omitted from the Census data.
5. Consists mainly of Defense Department and other imports which duplicate in whole or
in part purchases (e.g., of nuclear materials) included in table 1, line 16 (Military expenditures). Also includes imports of domestically owned goods returned from storage abroad
(e.g., grain from storage in Canada); imports from the Panama Canal Zone; and foreign
charges for repair of U.S. vessels.
6. Includes imports of electrical energy; and imports of nonmonetary gold and silver, and
net purchases of gold by U.S. private residents from the U.S. monetary gold stock.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
March 1968
27
Table 5.—Major U.S. Government Transactions
[Millions of dollars]
1966
1967 f
II
I
A.
1
la
2
3
4
5
6
.7
8
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 U.S. dollars.
. ._ _
Other long-term assets, net
..
Other short-term assets (including changes in administrative cash holdings) , net
18
19
20
21
By program:
Under farm product disposal programs
Under Foreign Assistance Acts and related programs
Under Export-Import Bank Act
Capital subscriptions to international and regional organizations, excluding IMF
Other assistance programs
..
... . . _ _ _ .
22
23
24
25
26
27
28
29
30
31
32
33
34
B.
1
la
Other foreign currency assets acquired (lines A. 6, A. 7, and 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 cash holdings) , net.
U.S. Government liabilities associated with specific transactions (table 1, line 56);
net increase (+)
_ _ _
Seasonally adjusted
4
Associated with military sales contracts
3
U.S. Government receipts from foreign governments (including principal
repayments on credits financing military sales contracts), net of refunds. _
Plus military sales contracts financed by U.S. Government credits « (line
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)
Associated with U.S. Government grants and capital outflows (line A. 33)
Seasonally adjusted-.
_
. .
..
5
6
7
7a
8
9
10
11
12
13
13a
Seasonally adjusted
Non-interest-bearing securities issued to IDA _
_
Non-interest-bearing securities issued to IDB
Non-interest bearing securities issued to U.N. for special programs.- _ _
Foreign funds retained in U.S. Government accounts for purchases in the
United States
Other
Associated with other specific transactions
Seasonally adjusted
^
14
15
16
C.
Purchase of Columbia River downstream power rights
U.S. Government nonmilitary sales and miscellaneous operations
Nonmarketable, nonconvertible U.S. Government obligations to be
liquidated against U.S. claims
_
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
2
3
NOTE.-—Details may not add to totals because of rounding.
* Revised.
v 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.
3. Includes estimated net accumulations of foreign currency from principal repayments
recorded in line A. 7.
4. Transactions under military sales contracts are those in which the Defense Department
sells and transfers military goods and services to a foreign purchaser, on a cash or credit basis.
IV
I
II
III'
i, 204
1,128
1,255
1,208
496
104
448
45
353
49
-427
141
-25
107
188
46
30
1
1
198
52
28
(*)
3
235
52
86
162
47
27
1
2
4,680
5,129
1,103
1, 185
1,307
1,194
1,101
1,177
1,1&4
1,169
1,335
1,419
1,412
1,297
1,915
361
1,765
793
614
106
526
98
385
76
390
81
468
595
-204
-83
104
111
113
216
48
26
250
50
38
190
42
27
(*) 2
245
IV v
732
189
170
2
19
(,3
13
137
38
29
1
2
386
232
7
297
200
704
9
403
214
80
2
80
108
64
2
69
34
43
1
72
30
45
2
76
38
565
3
102
70
79
2
94
62
26
2
142
30
34
2
65
-100
2, 239
194
2,597
474
593
10
499
—110
673
33
675
42
648
77
582
41
691
20
-15
-8
-14
20
22
-9
-20
1
13
1,401
2,278
909
1, 254
2,326
1,229
368
571
143
430
548
268
272
546
233
331
613
265
298
717
269
401
558
337
248
549
281
308
502
342
-100
155
194
163
36
41
10
31
-110
47
33
44
42
37
77
41
41
41
(
\
322
378
77
97
71
77
82
151
69
76
297
-8
20
403
-27
-15
80
-4
69
i
-7
72
-5
.15
76
6
16
102
-i
-5
94
-24
4
142
-1
4
65
-1
12
3,960
3,012
749
4,412
3,233
708
913
714
205
1,146
793
194
909
687
149
992
818
201
1,162
874
197
1,244
868
166
935
702
175
1,071
789
169
287
11
1
14
424
96
36
15
38
5
130
30
65
20
77
23
9
108
18
128
64
31
81
-1
1
106
16
3
-85
-64
-1
-12
-36
-14
-23
-12
720
718
190
161
192
177
174
168
193
183
116
-18
4
-80
-6
40
69
107
49
i
107
88
118
162
-56
-95
-187
-163
341
By disposition:1
Estimated transactions involving no direct dollar outflow from the United
States
Expenditures on U.S. merchandise
.. . _
Expenditures on U.S. Services. _
Military sales contracts financed by credits (including short-term,
net) 2 (line B. 4)
U.S. Government credits to repay prior U.S. Government credits 3 _ _
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)
Estimated dollar payments to foreign countries and international and
regional organizations through U.S. Government grants and capital
outflows
_ .'
. ._-
2
2a
4
III
844
186
121
1
15
15
16
17
14
1967
1966
Line
68
70
-8
45
60
106
219
146
114
103
125
166
-29
-60
-143
-142
947
1,048
263
129
179
376
350
418
112
168
287
46
424
131
15
10
130
7
65
6
77
23
108
16
128
44
81
16
106
55
847
-213
1,273
-85
198
-64
-64
260
-1
-1
178
-12
-12
211
-136
-136
328
-36
-36
377
-14
-14
206
-23
-23
361
-12
-12
-75
-150
-41
-25
-36
-8
-20
-19
-10
-10
-20
-121
-11
-25
-11
<*)
53
-43
(*)
10
27
16
1
-14
(*)
-18
(*)
-12
.(*)
7
-4
-12
-32
-9
10
-2
-30
1
-4
-2
-4
335
10
325
135
10
125
-213
(*)
-12
-17
-1
—30
-30
-4
9
22
469
19
450
44
'(*)
(*)
(*)
(*)
-136
-4
21
IS
-34
-11
-2
3
-4
-30
-1
3
-53
-26
-3
-23
(
53
-23
223
-12
29
•21
(*)
53
-5
(*)
(*)
0
25
-53
(*)
(*).
(*)
-2
-10
20
-49
-3
-46
0
29
(*)
(*)
(*)
(*)
(*)
The data for the several categories of transactions related to military sales contracts in this
and the other tables, for the periods beginning with the September 1964 quarter, are partially
estimated.
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.
6. Includes securities payable in U.S. dollars and in convertible foreign currencies.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CURRENT BUSINESS
28
March 1968
Table 6.—Claims on Foreigners Reported by U.S. Banks and U.S. Private Residents Other Than Banks
[Millions of dollars]
Line
1966
196(J
1967 P
I
IV
I
II
-102
III
IV *
Claims reported by U.S. banks:
A.
1
la
Long-term (table 1, line 37, with sign reversed)
5
6
7
8
Short-term (table 1, line 38, with sign reversed)
8a
U.S. -dollar collections outstanding
Canada
United Kingdom
European Economic Community. _ _ _
Other Western Europe
Japan
Other countries
....
30
31
32
33
34
35
36
Other claims in U.S. dollars
Canada
United Kingdom . .
European Economic Community
Other Western Europe
Japan
Other countries
37
38
39
40
41
42
43
Foreign currency deposits and other claims
Canada
United Kingdom
. .
European Economic Community
Other Western Europe
Japan
.
- __
Other countries
2
3
4
5
6
7
8
8a
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
-188
70
-13
—168
-150
-160
100
—74
—18
2
—19
—16
—27
77
9
—12
-79
—40
—32
52
—6
—6
-56
—60
-49
70
-4
—1
-48
—32
—39
—29
31
11
-11
—10
-24
73
49
4
-109
-82
9
116
413
56
240
461
179
2,547
8,592
—240
—189
—146
218
—17
(*)
-62
—36
—11
—1
739
— 145
59
—229
399
18
390
77
254
61
—16
1164
81
388
292
aa
—104
15
—13
4
—8
—20
—82
44
—11
—4
—6
55
—5
15
32
—21
16
2
18
—24
41
196
48
— 14
-21
36
15
132
—118
18
(*)
-38
-48
—50
(*)
—106
—6
44
-8
-33
-101
-2
129
—7
4
6
24
82
20
102
17
-39
-3
-17
-6
150
3,148
213
59
165
257
501
1,953
37
-208
_2
—1
11
5
—218
—3
183
—3
8
12
25
29
112
88
13
(*)
-29
-3
60
47
400
10
8
(*)
12
336
34
-98
—7
-7
—1
2
29
13
—70
_2
_1
11
6
—59
—25
-106
31
86
-11
12
-2
-22
148
-39
3,016
51
38
39
180
1, 829
879
54
-7
(*)
^} 4
16
8
30
2
2
—28
13
68
—1
•(*)
5
—1
22
43
73
2
—2
-11
—4
72
16
22
2
2
-12
—3
48
-15
56
-4
-2
8
4
42
8
1,507
12
16
93
69
652
665
34
16
3
11
—2
(*)
6
—23
—19
—2
-10
3
7
—2
3
46
21
—1
-5
2
18
11
2
—27
29
-2
-9
16
-5
7
9
13
5
—21
1
496
181
67
37
20
126
65
87
—14
_
___
_ _
_
_ _
.
-
Short-term (table 1, line 40, with sign reversed)
476
5
13
-32
-21
438
73
95
(*)
^ 3
19
5
30
38
219
—1
—2
—10
—4
184
52
15
—2
5
4
(*)
20
—12
33
2
—6
—3
3
30
7
32
—16
26
—4
1
20
5
—46
—39
—9
o
27
23
5
2
—2
3
4
(*)
-6
3
—64
—87
13
10
11
—9
—2
—72
14
—14
-3
—10
-31
-28
5
—10
3
-7
1
8
10
—47
4
4
—6
—17
-27
25
—16
45
4
(*)
—10
2
—43
23
—47
-7
—4
-3
-5
—7
3
—7
-4
(*)
—1
2
25
-19
(*)
(*)
5
—23
-49
9
17
—2
3
-1
22
11
-13
15
5
-2
6
3
36
—18
-20
-2
7
(*)
425
154
62
89
21
39
60
301
17
51
28
16
68
170
-35
98
1,811
33
—4
12
71
—3
3
_.__
-58
—7
8
25
38
—219
97
112
_
7
22
9
-43
-74
—75
168
—49
—87
12
20
7
— 12
11
_ _ . .
Canada
- - United Kingdom
_
._ . . . European Economic Community
Other Western Europe
Japan
Other countries
_
11
-28
-72
—65
-92
58
168
31
—15
—21
101
—34
106
Claims reported by U.S. private residents other than banks:
Long-term (table 1, line 39, with sign reversed)
50
17
32
32
39
131
3
—4
—3
15
—1
7
12
16
-3
1
6
12
-4
2
10
5
27
7
13
6
21
-4
31
i
2
121
6
12
-46
2
-1
-8
13
4
20
24
25
12
577
44
85
176
134
795
3,170
(*)
2
n
—5
(*)
5
38
—7
3
(*)
*
(*)
3
9
12
—7
-3
—8
0
(*)
411
...
Of which' Deposits and money market assets
U.S.-dollar claims reported by major U.S. corporations
Foreign currency claims
_ . - . .
_
Canada _
__ _. _
United Kingdom
European Economic Community
Other Western Europe
_
_..
._
Japan
Other countries
_ .
...
9
320
-115
253
84
31
3
64
155
256
61
97
-9
34
33
40
155
_ _ .
..
_ _ . _ _ . _ .
..
180
—25
-88
225
33
2
—30
13
na
108
n.a.
n.a.
n a.
n.a.
n.a.
na
n.a.
-90
-238
—23
51
29
68
58
91
-74
24
370
180
329
Seasonally adjusted
Reported by brokerage concerns
Reported by others
..
Canada
..United Kingdom
European Economic Community.
Other Western Europe
Japan
Other countries
.
-153
—73
—85
U.S. -dollar acceptance credits
Canada
United Kingdom _ .
__
European Economic Community
Other Western Europe
Japan
Other countries
23
24
25
26
27
28
29
-107
27
84
U.S. -dollar loans
Canada
United Kingdom ... _ _ _ _
European Economic Community^ _
Other Western Europe
Japan
Other countries. _
16
17
18
19
20
21
22
3,896
—1
—32
-16
—216
—152
—119
198
_
Seasonally adjusted
9
10
11
12
13
14
15
1
-284
-127
—123
-337
Seasonally adjusted
Canada
_ _ _
United Kingdom
_ __•
_
European Economic Community _
Other Western Europe
Japan. _
_
Other countries
_
2
3
4
B.
III
II
Amounts
outstanding
December
31, 1967
19()7
_i
43
107
100
— 103
—1
415
174
-32
118
73
14
11
—10
34
—5
-16
52
-39
8
—18
8
68
-41
106
24
—12
—25
83
-26
-23
26
21
19
66
30
61
-7
67
11
5
—1
-14
31
-105
12
-69
-60
—11
16
7
45
-21
-34
-34
9
15
16
7
49
321
90
133
31
25
2
40
283
2,887
550
675
431
226
197
808
-32
-60
-51
1972
—1
-67
-13
(*)
20
1
-26
-42
7
5
3
2
n.a.
215
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
n.a.
-20
-80
24
118
205
678
174
Q
(*)
128
41
(*)
—3
o
—36
29
-65
-34
33
-13
-3
—21
2
81
-20
-23
83
-5
3
—2
5
—84
-8
-29
-19
10
2
—4
8
53
28
25
-6
71
-6
-i
-2
-3
—24
-126
-33
-63
-20
-54
-13
5
-18
-1
162
94
68
—2
61
-108
48
-27
—24
698
274
278
409
88
23
90
84
Memorandum items:
26
27
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
p
Preliminary.
*Less than $500,000. (±)
n.a. Not available.
-9
14
i Amounts outstanding,'lines B. 17-B. 25, are as of Sept. 30,1967.
SURVEY OF CUERENT BUSINESS
March 1968
29
Table 7.—U.S. Liquid Liabilities to Foreigners
[Millions of dollars]
Line
1966
I
1 Liquid liabilities to all foreigners (table 1, lines 58 and 59; table 3, lines 8
through 12)
2
3
4
5
6
7
8
9
10
11
12
13
14
15
15a
16
17
18
19
20
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
2
To foreign commercial banks...
To other foreign residents and unallocated. .
D emand deposits
_ _
Time deposits *
Other private obligations, mainly money market paper 1
24
25
U.S. Government obligations:
Short-term securities _
Bonds and notes 3
To international and regional organizations not included above. . _
27
28
29
Demand deposits
_
Time deposits 1
Other private obligations, mainly money market paper 1
30
31
U.S. Government obligations:
Short-term securities
Bonds and notes
IV*
3 523
—377
81
613
472
—789
642
1,586
2,084
2,072
—852
54
—598
—199
-80
546
282
1,324
16, 738
2,050
-983
36
16
-626
—103
-199
-97
282
173
101
1,324
—122
370
541
134
51
-38
15, 705
2,055
2,513
1,378
144
—155
19
-228
—353
_
376
—250
-123
-870
517
1,307
1,672
-365
-751
317
—245
—945
—125
-820
48
455
455
177
22
2 697
1 265
1 854
1 289
40
11
—434
—58
—34
29
191
—105
-227
110
—389
—188
118
285
262
—4
-190
79
458
-119
-171
947
33, 302
8,140
—108
50
—122
151
111
—1
357
-72
12
-16
204
—125
1,099
—152
7,988
152
—5
6
—176
—254
—226
8
—367
—176
5
72
52
46
—6
125
—3
212
-367
—176
—226
72
46
125
212
908
711
25
686
131
18
28
17
5
404
316
1 144
833
—753
161
1 265
592
11 201
154
492
1 062
989
— 1 003
341
1,179
748
547
105
—60
7 925
1 156
1,991
—125
—51
1,033
(*)
—88
71
—7
483
164
88
—3
167
17
181
49
706
232
128
78
498
264
73
2
—518
190
—50
5
278
82
—40
5
982
79
221
—17
212
394
109
66
—54
80
12
95
207
4, 666
—61
225
—3
174
223
—28
—44
109
23
—4
54
34
91
5
46
g
18
16
—68
43
34
5
59
—8
—37
—37
93
18
109
104
—14
1 687
2 041
—5
56
—5
30
1
20
—16
—2
35
25
41
—4
2
—10
8
7
14
2
6
78
558
—208
—38
—355
—24
—108
—36
—77
—56
—39
697
11
—15
-49
13
14
2
—3
—65
—61
3
—7
(*)
2
—4
—34
—2
—4
—20
(*)
—20
5
15
12
-43
—2
—3
9
67
124
124
24
44
—8
64
83
—93
—60
_2
— 18
-39
—4
178
204
349
470
24
-525
15
—62
-93
42
—34
129
—103
—427
—121
—196
123
* Preliminary.
*Less than $500,000 (±).
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.
III
II
789
.
Demand deposits
Time deposits l
Other private obligations, mainly money market paper l _ _
U.S. Government short-term securities
21
22
23
26
I
IV
-1, 772
Central banks and governments
Demand deposits
Time deposits *_
Other private obligations, mainly money market paper 1
Seasonally adjusted.
III
II
Amounts
outstanding
December
31, 1967
—1,595
To foreign official agencies
International Monetary fund
IS 67
19 66
1967 v
—22
(*\
129
302
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.
3. May include U.S. Government bonds and notes held by foreign commercial banks.
SUEVEY OF CUEKENT BUSINESS
30
March 1968
Table 8.—U.S. International
[Millions of dollars]
United Kingdom
Line
(Credits +; debits — )
1967
1966
1967
v
I
1 Exports of goods and services
_ _
2
Excluding transfers under military grants _
3
4
5
6
11
12
13
14
III''
I
IV 9
3,323
3,323
744
744
860
860
787
787
932
932
7,257
7,242
7,288
7,284
1,872
1,870
1,924
1,923
1,494
1,493
1,998
1,998
1,754
78
1,857
327
443
53
478
138
473
48
463
88
5,278
427
4
428
1,371
173
2
93
1,433
120
1
106
1,003
68
(*)
120
1,471
67
(*)
110
63
72
81
71
68
151
131
20
43
166
134
20
10
36
34
6
11
41
33
4
14
46
33
6
8
44
35
4
89
235
189
24
120
240
235
23
16
56
61
5
32
60
61
6
48
54
55
6
24
70
59
6
_ _ _
250
92
105
263
102
124
65
25
10
44
27
11
59
24
5
95
26
98
316
132
32
392
118
23
59
32
4
70
30
6
103
28
9
160
28
4
-3,020 -3,093
-717
-778
-777
-821
-1,776 -1,703
-209
-145
-452
-441
-167
-187
-120
-136
-15
-15
-426
-46
-99
-16
-33
-4
-417
-40
-129
-61
-33
-4
-395
-44
-124
-80
-34
-4
-465 -4, 107 -4, 475 -1, 072 -1, 050 -1, 070 -1,283
-259
-295
-279
-277
-79 -1,127 -1, 109
-192
-180
-639
-129
-139
-616
-100
-60
-123
-180
-403
-40
-30
-392
-17
-16
-17
-67
-16
-35
-63
-14
-16
-14
-61
-1.7
-3
-58
-334
-57
-79
-15
-76
-17
-83
-14
-96
-12
-217
-193
-293
-225
-70
-49
-70
-57
230
230
27
27
81
81
10
10
112
112
484
469
15
11
203
201
125
124
-101
-86
-24
-22
-27
-26
-6
-1
__ _
_ _ _
Imports of goods and services _
287
5,412
424
15
389
_ _
Income on foreign investments in the United States:
Private payments 2
U S Government payments
_
-304
-52
-113
-113
-6,773 -7,273 -1,668 -1,800 -1,878 -1,927
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
-54
-54
-53
-53
-13
-13
-15
-15
-12
-12
-13
-13
27
28
29
30
Private remittances
Military grants of goods and servicesOther U S Government grants
U S Government pensions and other transfers
-36
-36
-8
-11
-8
-9
-18
-18
-4
-4
-4
-4
66
-2
98
-95
-84
-258
-893
-508
-71
-135
-1, 140
-838
(*)
38
-12
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 i n 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
177
-631
32
-167
-587
-384
—15
31
Balance on goods, services, and unilateral transfers (lines 23 and 25, or 24
and 26).
-356
14
-150
-34
-116
-106
-102
-72
-48
-384
-385
-82
-72
71
71
-27
-27
-27
-27
-3
(*>..
44
-15
-5
-81
-12
-4
-1
-89
-2
-2
-1
-20
-20
if
383
-91
179
97
-411
-101
-99
-143
-166
-190
-203
-207
-25
-24
9
-17
8
-6
9
13
-238
(*)
12
-2
-6
-71
-19
-19
-7
-26
18
148
16
6
14
-49
1
-23
28
-58
-11
-15
-4
47
216
-40
240
96
48
91
72
7
11
-6
109
4
_ .
4
-252
-17
-108
-5
-70
4
66
-12
32
-4
-136
-12
-83
-32
-27
-15
-31
55
46
-9
-20
-31
Transactions in U.S. Government assets, excluding official reserve assets, net ;
increase in assets (— ).
-60
-128
-53
-61
-44
30
403
-79
3
-5
-30
-47
-141
1
-240
-2
-59
(*)
-71
-3
-47
2
-63
-2
-72
-11
-95
-13
-7
6
-19
2
-36
-2
-33
-18
80
115
6
13
1
95
77
409
30
4
13
8
4
-19
757
51
653
64
31
31
-6
8
42
43
Loans and other long-term assets
Foreign currencies and other short-term assets
44
45
Repayments on credits:
Scheduled
Nonscheduled
50
IV 9
2,907
2,907
_
21
22
47
48
49
III'
258
Merchandise, adjusted, excluding military
Military expenditures
Transportation
Travel
Private payments for other services
U S Government payments for other services
46
II
_ _
15
16
17
18
19
20
41
1967
9
_ _
Travel. _ _
_
Fees and royalties from direct investments
Other private services.
Other U.S. Government services _ _ _
Income on U.S. Investments abroad:
Direct investments 2
_
Other private assets
U S. Government assets
II
1967
1966
_ _ _
_
Merchandise, adjusted, excluding military _
Transfers under military sales contracts,
_
Transfers under military grants, net
_
Transportation
7.
8
9
10
European Economic Community
_
_
_
_ _ _ _ _ _ _ _
Transactions in U.S. official reserve assets, net; increase in assets ( — )
Gold
Convertible currencies
Gold tranche position in IMF
_
_
__
Transactions in foreign assets in the United States, net; increase in foreign
assets (U.S. liabilities) Of).
-381
-313
-514
-80
-301
879
-898
-3
760
34
-347
77
-591
771
-720
661
85
-21
31
31
-6
85
-77
1,131
753
112
—162
672
131
1,147
2,190
—184
584
983
808
23
-101
32
42
-456
-74
-9
-28
-2
-2
71
-51
9
10
-1
45
-510
-20
63
328
90
446
-2
45
47
17
83
(*)
18
193
-1
9
123
-1
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
__ _ _ _
_
115
40
53
121
82
33
-4
2
-23
81.
-2
5
23
81
36
27
18
27
-3
-2
14
24
7
-22
56
57
Liabilities of U.S. Government, excluding marketable or convertible
securities:
Associated with specific transactions __ _
Other nonmarketable, nonconvertible, medium-term securities
103
-1
14
17
-25
27
-5
136
134
250
101
130
-61
125
-36
125
58
59
U.S. Government marketable or convertible bonds and notes
Deposits and money market paper held in the United States
-205
1,125
32
1,022
4
16
12
-166
15
554
1
618
-553
1,069
339
870
50
-473
27
332
100
570
162
441
565
-28
-53 -1,693 -1,576
73
-609
60
_._.
_
__
Errors and omissions and transfers of funds between foreign areas, net;
receipts by foreign areas (—).
108
-196
-681
-393
-648
SURVEY OF CURRENT BUSINESS
March 1968
31
Transactions, by Area
[Millions of dollars]
Eastern Europe
Other Western Europe
1967
1967
1966
1966
1967 v
I
II
Canada
III'
1966
1967 v
I
IV P
II
IV v
I
Line
II
III'
IV »
1
45
45
51
51
8,976
8,976
9,637
9,637
2,279
2,279
2,551
2,551
2,281
2,281
2,527
2,527
73
57
5
?
46
38
44
6,537
39
7,091
52
1,709
17
1,922
10
1,635
9
1,825
15
1
2
1
1
157
164
36
41
44
44
3
4
5
6
4
586
215
154
7
572
258
170
7
140
54
43
1
160
57
42
2
177
72
43
2
95
75
43
2
7
8
9
10
1
766
515
759
562
1
154
126
()
*
168
148
166
132
1
272
156
()
*
11
12
13
-1,868
-2,289
-2,466
-2,347
14
-1,687 -1,973
-61
-61
-40
-42
-570
-137
-28
-28
-6
-15
15
16
17
18
19
20
3,955
3,685
4,273
3,891
1,064
878
1,027
942
» 1,152
1,098
1,030
974
231
231
232
232
80
80
2,419
66
270
579
2,524
116
382
587
563
26
186
136
598
30
85
148
756
28
"54
151
607
32
56
153
200
201
6
5
53
71
89
47
64
68
111
49
8
15
27
12
15
17
26
13
24
18
28
12
17
18
31
12
12
1
159
122
80
173
119
81
42
31
18
45
31
20
38
28
17
49
29
27
3
9
4
15
()
*
III'
1967
1967 v
()
*
4
()
*
4
()
*
()
*
3
7
1
1
1
5
1
1
()
*
2
-3,410
-3,599
-877
-906
-873
-944
-206
-213
-58
-53
-55
-47
-7,509
-8,971
-1,764
-248
-593
-287
-31
-55
-1,896
-279
-599
-312
-38
-59
-510
-71
-133
-39
-10
-13
-448
-76
-170
-93
-9
-15
-399
-64
-157
-130
-10
-14
-539
-68
-139
-50
-10
-17
-177
-1
-8
-12
-178
-1
-7
-17
-53
()
*
-2
-1
()
*
-2
-44
()
*
-2
-4
()
*
-3
-41
-40
-1
-2
-2
()
*
-2
-6, 043
-204
-157
-678
-101
-21
-7, 056 -1,596 -1,800
-60
-231
-49
-158
-35
-41
-290
-1, 062
-65
-111
-28
-28
-4
-30
-5
-359
-73
-338
-78
-85
-16
-78
-16
-78
-21
-96
-25
()
*
-231
-74
-257
-65
-63
-17
-61
-15
-58
-16
-74
-17
21
22
545
275
674
293
187
1
121
36
»280
226
87
30
25
25
19
19
22
22
-555
-285
-658
-276
-250
-64
-155
-70
» -134
-80
-119
-63
-14
-14
-19
-19
-158
-270
-34
-93
-157
-382
-31
-88
-40
-186
-7
-17
-44
-85
-9
-17
-34
P -54
-8
-37
-39
-56
-7
-17
-9
-1
-10
17
-64
-34
146
-32
11
9
(
%
-8
8
r)
-2
-10
( }
* -2
4
4
()
*
-10
-10
3
3
1,467
1,467
666
666
411
411
261
261
-186
-186
180
180
23
24
-4
-4
-5
-5
-4
-4
-6
-6
-36
-36
-45
-45
-8
-11
-11
-14
-14
-12
-12
25
26
-10
-2
-2
-3
-3
-5
-3.
-5
-5
-1
-1
-2
-1
18
-1
-9
-4
A
()
*
-5
-11
-2
-1
-31
-34
-8
-8
-8
-9
27
28
29
30
-13
-3
1,431
621
402
250
-199
168
31
4
-3
()
*
-348
-134
-31
29
-100
-32
-281
-338
-110
-74
-70
-85
19
8
34
6
7
13
8
-5
11
152
-141
189
97
32
49
65
25
10
-9
82
32
-7
15
-7
-3
-4
-4
-1
-1
-71
-34
-32
-89
-7
-15
1
1
-2
-32
-24
-43
1
°-2
-1
-2
-216
-144
-29
-27
-72
-17
20
31
9
16
5
-347
42
-295
39
-70
18
-69
14
-99
8
-57
()
*
3
15
5
8
88
1
109
3
23
28
17
3
41
17
17
4
8
-151
-94
229
-98
117
-342
-202
-145
78
-229
16
-110
18
211
10
-108
-18
135
6
-348
-200
-2
-150
5
5
103
1,138
-28
476
264
426
97
743
-183
147
4
98
5
77
323
-1
42
35
-7
41
-15
1
-17
116
()
*
12
187
5
2
243
-24
301
()
*
-15
33
()
*
81
46
15
94
4
9
-18
27
22
42
7
16
-13
54
2
87
15
-47
-10
-1
23
73
-15
()
*
55
160
-13
-1
122
519
-13
()
*
22
432
6
-263
164
14
()
*
22
-146
13
u
622
-783
-77
-346
-356
-4
-52
-9
8
2-
12
4
-17
()
*
-1
()
*
-1,397
-263
-180
-316
-639
32
-383
-980
226
-19
-57
-256
50
12
-50
-247
77
72
-122
-209
50
-47
-153
-267
49
-55
33
34
35
36
32
49
-87
4
-3
-11
22
-31
28
-49
-47
37
38
-33
112
-50
-104
-10
-2
-21
-21
-6
22
-13
-103
39
40
1
1
-35
-1
-33
()
*
-1
41
2
1
1
-31
-3
-1
-31
-2
()
*
-1
42
43
3
1
1
2
-3
()
*
()
*
-1
14
()
*
()
*
8
-1,490
-1,087
-922
268
91
-12
()
*
-23
-17
-1
()
*
()
*
()
*
8
«-i
-18
6
w
44
45
5
-50
-100
46
-100
47
48
49
356
423
50
1
89
200
8
93
-199
-18
86
-1
51
52
53
8
36
-1
37
-4
-3
-1
17
54
55
-51
200
-11
-1
-5
200
-35
56
57
-110
-65
24
204
4
-237
21
-200
1
264
-2
377
58
59
163
212
39
-134
159
14S
60
(*)
—50
()
*
(*)
SURVEY OF CURRENT BUSINESS
32
March 1968
Table 8.—U.S. International
[Millions of dollars]
Latin American Republics and other Western
Hemisphere
Line
(Credits-f-; debits-)
1966
1967
1967 »
I
1 Exports of goods and services
2
Excluding transfers under military grants
3
4
5
6
_
I
IV P
III'
II
IV P-
2,016
1, 998
pi, 998
1,984
2,083
2,070
2,961
2,961
3,398
3,394
809
809
837
837
P823
821
930
928
4,668
27
64
410
1,157
5
20
90
1,172
5
17
103
1,150
9
Pl4
104
1,189
8
13
112
2,341
24
648
5
(*)
39
659
20
153
2,680
71
4
163
40
654
4
i>2
42
719
42
2
42
720
187
238
71
162
42
54
18
181
48
60
19
196
48
62
17
181
49
62
17
34
26
98
9
41
30
119
9
9
7
29
2
10
7
30
2
12
7
30
3
10
8
30
2
1,171
356
123
282
84
26
281
91
38
287
85
25
322
96
35
43
206
27
43
206
33
9
52
9
11
50
8
9
52
8
15
52
8
-6,441 -6,514 -1,712 -1,601 -1,582 -1,618 -3,850 -3,955
-930
-975
-999 -1,051
-4, 679 -4, 632 -1,248 -1, 147 -1, 070 -1,167 -2,966 -3,008
-476
-524
-153
-46
-174
-43
-47
-38
-73
-176
-279
-73
-171
-287
-73
-68
_ _
1,939
1,919
1,111
309
118
_
8,035
7,971
662
176
210
69
Income on U.S. investments abroad:
Direct investments 2
_ _
_ _
Other private assets
U.S. Government assets
Imports of goods and services
Illr
1967
1967*
4,718
22
72
408
Travel
Fees and royalties from direct investments
Other private services
Other U.S. Government services.
11
12
13
II
1966
7,875
7,803
Merchandise, adjusted, excluding military
Transfers under military sales contracts
Transfers under military grants, n e t _ _ _ _ _
Transportation
_ _ _
_
7
8
9
10
14
Japan
-703
-127
-45
-729
-141
-43
-774
-121
-41
-802
-135
-48
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 ser vices. _
-900
-122
-138
-948
-127
-151
-250
-25
-36
-230
-29
-32
-260
-38
-45
-208
-35
-38
-62
-8
-15
-69
-11
-16
-10
-3
-4
-20
-3
-4
-20
-3
_4
-19
-3
-4
21
22
Income on foreign investments in the United States:
Private payments 2
U S Government payments
-157
-179
-44
-44
-45
-47
-123
-122
-31
-28
-30
g
-34
7
_ _ _
23
24
Balance on goods and services (lines 1 and 14)
Excluding transfers under military grants (lines 2 and 14)
1,434
1,362
1,521
1,457
227
207
414
397
*>416
402
464
451
-889
-889
-557
-561
-121
-121
-138
-138
*-176
-178
-121
-123
25
26
Unilateral transfers, net; transfers to foreigners (— )_ Excluding military grants
-516
-444
-482
-417
-141
-121
-129
-111
p-110
-96
-102
-89
-32
-32
-35
-32
-7
-7
-8
-8
p-9
-7
-11
-9
27
28
29
30
Private remittances __
__
_ __
Military grants of goods and services. Other U.S. Government grants
U.S. Government pensions and other transfers
-120
-72
-291
-33
-121
-64
-264
-32
-30
-20
-81
-10
-30
-17
-73
0
-27
-14
-62
-7
-33
-13
-48
-8
-22
-22
-4
-5
(*)
-6
-5
-2
-7
-2
-10
-9
-2
-2
-2
-3
918
1,040
86
286
306
363
-921
-592
-129
-146
-186
-132
-607
-844
-84
-128
-247
-385
365
-545
-41
-257
-38
-209
-3
-7
11
-14
1
(*)
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 __
-276
-69
19
2
-143
-140
56
-13
-41
-48
5
5
105
-10
5
-9
-68
-33
40
-1
-138
-48
6
-8
-31
-4
6
10
-28
-14
4
-29
1
-1
1
-1
1
-3
37
38
Claims reported by U.S. banks:
Long-term _ _ _ _ _
Short-term
-50
-197
-212
-255
32
-55
-37
-35
-152
-36
-55
-129
119
266
146
-575
39
-39
92
-328
24
-38
-9
-170
39
40
Claims reported by U.S. residents other than banks:
Long-term
Short-term
_
1
-37
-112
-26
18
-122
-25
14
-11
-4
-8
3
-4
-39
-34
-13
1
—2
-17
1
-16
-25
-2
-417
-130
-74
-93
-121
-50
6
-24
-9
22
16
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
Nonscheduled
46
47
48
49
50
_ _
_ __
Transactions in U.S. official reserve assets, net; increase in assets (— )
GoldConvertible currencies
Gold tranche position in IMF
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
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
60
Errors and omissions and transfers of funds between foreign areas, net;
receipts by foreign areas (— )
-390
-696
30
-735
48
-207
15
-178
27
-152
3
-197
3
-112
-2
-109
-4
-47
-2
-17
-1
-21
2
-24
-2
259
17
269
(*)
62
78
(*)
56
73
64
115
3
25
10
39
3
42
44
-12
-7
19
56
44
-12
-7
19
56
-1
668
199
332
-140
277
-149
106
-1
108
32
-33
17
67
190
-6
115
327
-9
16
30
6
7
233
-13
18
-37
10
75
101
-24
5
194
-23
3
242
8
1
157
-1
(*)
86
-13
1
-1
-18
1
26
20
5
8
-4
7
5
4
1
4
-5
27
"•
8
7
8
".
-123
-26
-16
-3
-4
-3
4
-39
2
-2
-1
-38
-179
-41
274
-17
191
-2
80
-19
-89
-3
92
-323
-104
\
38
13
-70
-404
181
699
1,025
304
169
358
36
' Revised.
p Preliminary.
*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.
-447
-153
(*)
-171
194
(
NOTE.—Details may not add to totals because of rounding.
Source: U.S. Department of Commerce, Office of Business Economics.
SURVEY OF CUEEENT BUSINESS
March 1968
Transactions, by Area—Continued
[Millions of dollars]
1967
1967 *
I
1966
III'
II
International organizations and unallocated 1
Other countries in Asia and Africa
Australia, New Zealand, and South Africa
1966
33
1967
1967 P
I
IV »
II
1966
III'
1967
1967 P
Line
I
IV P
II
III'
IV P
1
1,651
1,651
1,855
1,855
454
454
457
457
426
426
519
519
7,837
7,197
8,135
7,688
2,141
2,005
2,071
1,927
*1,928
1,841
1,996
1,915
1,149
66
1,273
132
338
17
316
19
306
12
313
85
74
78
19
20
21
18
4,638
128
640
374
4,891
121
448
392
1,287
32
136
96
1,291
34
144
97
1,129
30
^87
101
1, 184
25
81
99
191
187
47
46
45
33
66
78
1
31
65
85
5
16
21
8
14
22
11
18
21
7
18
22
48
94
179
147
50
101
158
152
8
28
38
38
10
26
40
38
18
23
39
34
14
25
41
42
11
107
10
109
2
27
2
28
3
28
28
7
8
9
10
26
11
40
13
3
1,235
131
223
1,454
148
221
388
38
53
296
34
60
380
39
49
390
37
59
28
48
1
56
53
1
5
16
1
4
9
8
16
40
11
11
12
13
(*)
(*)
133
51
6
137
47
(*)
(*)
42
15
2
26
12
(*)
(*)
(*)
417
417
386
386
98
98
89
89
99
99
131
131
2
3
4
5
6
50
-992
-977
-238
-242
-243
-255
-4,966
-5,525
-1,369
-1,359
-1,374
-1,423
-770
-775
-178
-164
-213
-220
14
-806
-59
-66
-813
-28
-69
-194
-8
-17
-199
-9
-18
-205
-5
-17
-215
-6
-17
-3, 052
-1,281
-165
-3, 058
-1,764
-168
-795
-416
-39
-743
-435
-42
-739
-457
-43
-781
-456
-44
-140
-161
-32
-31
-39
-59
-418
-410
-105
-105
-94
-106
15
16
17
-21
2
-23
-25
-2
-23
-8
-5
-1
-6
-5
(*)
-6
-7
(*)
_4
-138
-7
-197
-147
-7
-221
-26
-2
-53
-44
-2
-55
-40
-2
-37
-2
-59
-104
-99
-15
-3
-54
-27
18
19
20
-9
-6
-10
-3
2
-3
-2
-3
-2
-3
-2
-94
-32
-117
-43
-28
-11
-27
-11
-30
-10
-33
-12
-31
-77
-33
-72
-8
-18
-8
-18
-8
-19
-10
-18
21
22
659
659
878
878
216
216
215
215
183
183
264
264
2,871
2,231
2,610
2,163
772
636
712
568
^554
467
573
492
-384
-384
-358
-358
-80
-80
-75
-75
-114
-114
-88
-88
23
24
-17
-17
-16
-16
-5
-5
-4
-4
-3
-3
_4
-4
-2,523
-1,883
-2,407
-1,960
-591
-455
-750
-606
p-616
-530
-450
-370
-74
-74
-128
-128
-24
-24
-35
-35
-25
-25
-43
-43
25
26
-13
-12
-3
-3
-3
-3
-450
-448
-1,341
-170
-70
-136
-355
-30
-194
-144
-377
-35
-108
*-87
-352
-69
-78
-81
-256
-36
-3
A
—3
-71
-124
-24
-35
-25
-40
27
28
29
30
-131
31
(
*U
o
-4
-4
-1
i
-1
-I
-281
-640
-1, 513
-89
642
862
212
211
180
260
348
203
181
-38
-62
123
-458
-486
-105
-110
-140
(*)
(*)
(*)
-313
-223
-91
-21
-67
-44
-375
-883
-416
-115
-142
-211
70
-312
8
-82
-143
-96
32
-170
-329
-67
-49
-165
-49
18
-1
4
-6
6
7
4
-1
4
-1
-465
-218
26
-20
-365
-33
7
(*)
—7
-65
7
-11
-7
-89
7
-17
-87
-31
5
8
71
-80
28
51
-147
-246
68
13
2
-14
18
3
-20
-90
18
10
-14
-142
18
-5
-115
24
-245
-120
23
24
33
34
35
36
-127
-17
58
11
-37
7
5
96
-3
-14
-25
-57
-61
38
-41
-19
-27
-18
(*)
-58
7
(*)
(*)
(*)
(*)
(*)
(*)"
4
-22
-1
22
-4
12
2
9
1
1
-8
-10
-18
-70
-2
-19
-1
8
-7
-12
-8
-47
(*)
(*)
(*)
(*)
8.
-39
-144
-35
-44
-28
-37
-1,205
-1,339
-399
-368
-209
-363
-56
-174
(*)
-36
1
-47
-1
-29
-62
(*)
-1,076
-329
-1, 785
139
-859
394
-336
-165
-270
11
-320
-101
17
30
1
4
1
24
199
1
307
1
66
133
(*)
(*)
49
200
21
6
1
172
49
200
21
6
1
172
(*)
2
14
5
37
38
39
40
90
65
18
-2
30
26
—2
41
"-r
(*)
-18
28
-14
11
5
-380
(*)
32
-561
-1
65
n
(*)
(*)
-i
5
w
28
-49
-26
41
-25
-51
-26
42
43
5
3
500
46
-16
17
34
11
46
-37
140
15
27
39
59
-94
-31
-10
-5
-48
47
48
49
-85
-5
-18
23
49
-59
50
-9
-25
51
52
53
5
44
45
3
(*)
-8
956
936
207
222
211
295
4
-1
31
10
1
18
413
-1
105
388
-2
17
152
1
12
122
2
56
33
-2
21
81
-13
-3
36
5
8
-5
3
-3
14
82
16
20.
27
4
-27
10
12
10
-116
-42
-37
24
61
-5
132
-2
164
-429
85
-81
-68
-77
62
(*)
-58
-4
-47
(*)
-25
58
59
293
201
-16
-32
871
145
178
248
301
60
13
-67
-i
33
-19
19
-1
456
17
358
-85
-212
-93
-171
227
883
-25
8
(*)
11
(*)
57
-15
-17
537
50
-114
-119
5
(*)
(*)
406
(*)
251
124
11
127
59
(*)
(*)
73
8
34
(*)
(*)
63
42
54
55
(*)
-5
56
57
SURVEY OF CUEEENT BUSINESS
34
March 1968
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
[MiUions of dollars]
1966
Line
19(36
1967 v
I
II
19e>7
III
I
IV
II
III'
IV *
All areas:
1
2
3
1,314
1,217
97
2,457
3,414
-957
104
13
91
156
107
49
634
666
-32
420
431
-11
167
206
-39
85
192
-107
1,187
1 172
15
1 019
1 842
—823
849
495
354
1,703
299
1,404
-133
-152
19
294
246
48
302
285
17
386
116
270
477
-196
673
141
—110
251
882
156
726
203
450
247
294
647
-353
n.a.
838
n.a.
615
123
492
-254
230
-484
-360
179
-539
293
115
178
517
96
421
-470
99
-569
101
27
74
na
617
na
13
-39
52
4
—19
23
-5
-21
16
1
3
-2
8
-11
19
9
-10
19
-17
-18
1
8
—11
19
-1
4
—5
14
5
9
-282
-214
-68
202
296
-94
-321
-22
-299
-196
-339
143
-7
192
-199
242
—45
287
-190
-189
-1
-197
—362
165
298
425
-127
291
424
-133
-247
-99
-148
261
-213
474
-47
-76
29
-114
-121
7
-131
69
-200
45
29
16
169
105
64
103
-338
441
-122
65
-187
11
1
—45
156
-322
432
-754
-98
921
-1, 019
-48
193
-241
-68
88
-156
-158
43
-201
-48
108
-156
-170
23
-193
16
321
-305
43
209
-166
13
372
-359
-
218
-376
594
-14
-528
514
124
-68
192
130
-39
169
-15
-155
140
-21
-114
93
-92
-86
-6
-37
-178
141
1
-112
113
116
-152
268
Total increase
- Through known transactions with the United States
Through other transactions
-- - - -
379
732
-353
613
1,458
-845
85
140
-55
216
457
-241
230
261
-31
-152
-126
-26
38
427
-389
102
384
-282
132
328
-196
341
318
23
706
-16
722
-213
607
-820
449
22
427
-107
-226
119
405
147
258
-41
41
-82
-46
83
-129
-51
105
-156
-46
193
-239
-70
228
-298
Total increase
Through known transactions with the United States _ _
Through other transactions
Western Europe, including United Kingdom:
4.
5
Total increase
Through known transactions with the United States _ _ _Through other transactions
United Kingdom:
7
g
g
Total increase
-- - -Through known transactions with the United States
Through other transactions
Eastern Europe:
10
•Q
12
Total increase
Through known transactions with the United States
Through other transactions
--
Canada:
13
15
Total increase
-Throuffh known transactions with the United States
Through other transactions
- -Latin American Republics and other Western Hemisphere:
16
17
18
Through known transactions with the United States
Through other transactions
-
Japan:
19
on
21
Total increase
- -Through known transactions with the United States
Through other transactions
Australia, New Zealand, and South Africa:
22
23
24
Total increase
Through known transactions with the United States
Through other transactions
Other countries in Asia and Africa:
25
26
27
International organizations and unallocated:
28
29
30
Total increase
- -- -Through known transactions with the United States 2
Through other transactions
NOTE.—Details may not add to totals because of rounding.
Revised.
*> Preliminary.
n.a. Not available.
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 represents for each of the separate
areas shown the sum (with sign reversed) of table 8, 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): 1966, year, -140; I, -34,
II, -42; III, -29; IV, -35; 1967, year, -161; I, -32; II, -31; III, -39; IV, -59.
T
Changes through other transactions equals "Total increase" less "Changes through known
transactions with the United States." For "All areas" this difference represents known
acquisitions (+) 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 United 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.
SURVEY OF CURRENT BUSINESS
March 1968
35
Machine Tools—Orders and Shipments, 1956-66: Revised Data for Page S-34 1
[Millions of dollars]
Annual
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
METAL CUTTING TYPES
Orders, new (net),
total:
1956 _
1957
1958
1959 _ _ - _ - _
I960.
__
983. 50
553. 15
299. 50
541. 80
535.30
116. 60
67.30
20.50
30. 95
46.25
86.55
61.90
24. 25
38.25
50. 75
95. 25
62.60
31.40
42.85
51. 55
84. 35
54.55
24.40
43.00
39.00
92. 70
44.10
23.25
39. 95
40.35
65.80
45.90
24.55
57.40
45.35
65.85
59.05
22.25
54.00
35.65
93.15
47. 40
20.50
45.00
50. 85
83.55
30. 70
21. 40
50.80
44. 85
70.35
29.60
30.25
46.40
37. 90
68. 40
30. 20
23.70
44.60
42. 30
60. 95
19.85
33.05
48.60
50.50
591. 80
572. 10
759. 75
1, 039. 15
1, 251. 70
1, 629. 90
38. 05
44.75
49. 20
85.20
87.15
134. 65
42.00
36. 20
56.70
79.25
97.35
144. 20
58.35
47.45
65. 45
82.65
104. 00
165.75
43.95
46.55
66. 10
97.45
102. 15
143. 10
44.40
55.00
70.85
90.50
79.60
135. 85
55.45
53.15
60.80
106. 50
99.70
143. 95
49.70
49. 55
61.65
83.05
101. 70
128. 60
47.60
40.95
52.35
78.60
113. 70
120. 40
59. 20
41. 90
60.20
88. 95
106.35
146. 50
50.30
51.40
71. 20
86.20
105.70
136. 40
55.35
50.25
62.90
74.50
117. 60
110. 15
47. 45
54.95
82.35
86.30
136. 70
120. 35
882. 20
491. 95
247.95
470.95
375. 00
102. 95
59.95
17. 00
26. 45
36. 25
77.05
54.35
19.75
33.05
37. 70
85. 20
54.55
25.00
38. 40
38.90
78.75
48.60
17.70
37.45
30.75
84.55
40.40
19.60
37.05
27.75
59.25
42. 65
19.75
53.05
27. 10
58.80
53. 75
18.30
48.60
24.10
83. 30
43.05
17.60
41.25
38.60
73.30
26. 65
19. 55
42.50
27.50
61. 25
25.20
25. 75
37.85
27.20
62.50
26.70
20.20
36.25
27.75
55.30
16.10
27.75
39. 05
.31. 40
401. 15
468. 85
606. 85
861. 25
1, 122. 65
1, 483. 10
22. 30
36.55
39.85
64. 50
77. 70
122.95
29.45
28.05
47.65
64. 35
83.10
128. 95
43.40
37.60
52.75
65.35
92.20
146. 25
33.65
36.70
51.65
84.70
91.20
126. 00
32. 85
44.35
49. 35
74.70
71. 45
127. 25
33.55
42.80
47.30
88.75
92.75
131.15
29.65
39.85
51.00
70.75
90.20
116. 20
31.55
35.35
41.00
66. 75
101. 60
114. 10
36. 25
33.65
48.35
72. 40
92.70
134. 65
30. 40
44.60
56.85
72.10
99.05
129. 00
42.45
43. 25
52.85
61.55
106. 75
99. 25
35.65
46.10
68.25
75. 35
123. 95
107.35
945. 20
900.15
438. 40
440. 60
541. 50
58.25
81.70
50.95
24.95
39.20
68.95
82.85
41. 10
28.90
42.70
79.05
95.05
48.85
40.35
54.50
76.60
93.65
42.85
35.50
46.85
81.95
83. 70
40.15
32.35
47.25
81.30
88.45
37.80
39.65
51.60
69.45
62.65
24.75
33.25
42.10
80.15
67.45
24.70
33.10
38.95
75.85
69.00
29.00
38.70
43.75
95.70
64.95
34. 95
42.90
43.40
87. 15
50.80
27.15
36.50
39.35
90.80
59.90
36.15
54. 15
51. 85
541.25
612.85
638.45
844. 65
1, 022. 55
1, 221. 75
39.40
45.95
38. 15
53.70
72.65
84.55
38.00
44.95
45.85
54. 65
75.05
88.60
44.80
59. 10
53.25
68.10
96.30
112. 10
42.85
51.95
49.70
69.20
.82. 95
91.65
45. 75
58.30
57.30
75.45
88.00
96.20
49.85
63. 95
57. 15
78.75
89.35
119. 50
39.70
42.05
47. 55
64.00
74.00
84.65
36.35
42.15
43. 95
64.95
61.35
86.35
44. 00
46.60
58.40
77.15
86.20
110.95
48.20
47. 80
57. 65
76.40
97.05
108. 65
51.30
51.25
55.85
70.00
83.20
103. 05
61.05
58.80
73.65
92.30
116. 45
135. 50
858. 20
803. 55
381. 10
389.85
420. 75
52.70
72.10
44.80
21.30
34.00
62.65
76.80
36. 70
23.45
36.65
72.35
84.05
44.00
34.55
47.05
69.35
82.85
37.25
30.50
38. 70
75.20
75.60
34.85
29.30
37.75
74.15
77.70
32.95
35.65
40.50
64.70
54.95
20. 15
30.75
33.50
73.65
61.90
20.60
28.80
30.95
69.75
62.45
24.65
35.50
31. 90
85.15
57.05
31.10
39.00
29. 60
78.50
44.50
22.85
32.65
24. 95
80. 05
53.60
31.20
48.40
35.20
_
366.55
450. 05
526.05
679. 15
885. 85
1, 097. 50
26. 75
32.70
31.70
42.50
62.45
74. 85
26.05
32.20
36.55
41.70
64.50
78.50
30.85
41.20
44.35
51.70
82. 90
100. 55
30.20
37.65
42. 00
55. 85
72.75
83.50
33.50
38.85
48.95
61.30
76.55
84.50
32.20
44.65
49.60
66.40
75.90
109. 20
26.60
30. 85
41.25
55.15
64.65
77.60
24.70
31.65
35.50
54.60
53.40
79.35
28.95
35.90
45.70
60. 65
75.65
99. 85
30.25
37.10
45.80
58.00
80.60
97.80
34.35
41.45
44. 55
56.25
71.75
90. 85
42.15
45.85
60.10
75.05
104.75
120.95
Orders, backlog, end of
period
1956
1957
1958
1959
1960_-_ _
734. 7
387.7
248. 8
350. 0
343.8
754.8
720.3
357. 3
254.8
357. 1
772.4
699.4
340.4
264.2
365.1
788.6
666.9
323.0
266.7
362.2
796.3
627.8
304.5
274.2
354.3
807.1
588.2
287. 6
281.8
347.4
791.6
545.7
274. 4
299.5
341.2
788. 0
542.1
271.9
320.3
334.7
801.0
522.0
267.7
332.2
346.6
808. 7
483. 7
260.1
344.3
347.7
783.3
448.4
255.4
347. 8
342.2
764.6
427.8
251.9
355.9
345.2
734. 7
387.7
248.8
350.0
343.8
346.5
384.4
375. 5
531. 0
706.2
1, 004. 3
360.0
372.8
387.7
545.6
713.9
1, 057. 9
361. 1
367.4
404.1
573.8
733.1
1, 109. 4
359.8
364.1
417.7
588.9
724.7
1, 149. 0
365. 4
353.3
421.3
616. 6
735.1
1, 173. 5
375.4
360.8
435.4
635. 7
762.8
1, 217. 4
386.6
359.6
443.8
649.3
815.1
1, 251. 5
401. 8
354.9
445.6
661. 1
835.3
1,287.0
403.9
358.5
459.2
670.9
843.9
1, 314. 8
408.0
357. 5
466. 2
675.4
878.3
1, 321. 9
394.4
353.6
474.9
669.4
898.6
1,306.7
.
1961
1962
1963
1964
1965.
1966
_
_
Orders, new (net),
domestic:
1956. _ _
1957. _ _ _
1958
1959
1960
1961
1962
1963
1964
1965
1966
_
_
_ _
Shipments, total:
1956
1957
_ _
1958
1959
_
1960__.
_ _ _ __
1961.-. 1962____
1963
1964.
1965
1966
_ —
_
Shipments, domestic:
1956
1957. _ _ ._ .
1958
1959
I960. _ _
1961
1962.
1963
1964
1965
1966
.
_ _
1961
1962 _ _ _
1963
1964. _ _ _
1965 _ _ _
1966
394.4
353.6
474.9
669.4
898.6
1, 306. 7
342.5
393.2
364.7
506.4
683.9
948.7
METAL FORMING TYPES
Orders, new (net),
total
1956
1957_._ _
1958
1959. __
1960
315. 35
170. 60
129. 25
208. 45
209. 65
41.30
16.95
10.50
16. 65
18. 00
29.80
18.90
7.60
13. 10
17.90
23.25
19.15
9.35
15.60
18.80
30.95
18.00
7.50
17.70
21.10
21.25
17.00
8.55
15.50
16. 90
22.95
13.35
12.70
15.95
17. 45 ,
32.40
9.90
7.80
17.70
13.25
27.30
11.65
12.65
13.85
12.65
16.70
11.05
11.15
15. 45
14.25
25.65
16.55
11.85
32.25
28.65
20.30
9.50
11.65
17.10
14.35
23.50
8.60
17.95
17.60
16.35
182. 75
244.50
301. 85
539.75
441. 70
44.5. 72
1. See footnote at end of table.
28.25
23.30
19.40
67. 40
27.75
41 an
9.75
21.05
26. 60
28.15
31.15
21.15
26.15
17.80
33.50
34.60
43 3K
8.90
22.65
22.40
63.25
27.95
11. 30
16.65
18.75
46.25
33.25
d.3 on
13.15
18.70
20.55
87.35
56.40
KI 3n
12.45
19. 60
21.55
38.60
36.80
14.10
17.50
27.45
21.95
33.95
?u m
15.30
14.85
31.25
35.45
35.35
12. 65
22.60
44.70
31. 60
48.65
18.15
20.35
22.05
33.30
37.60
33. 54
17. 60
21.10
29.35
52.95
38.25
22.73
19611962
1963
1964
1965.
1966..
49. 40
31 7K
38 ft*
97 Kn
39 R»
SURVEY OF CUKRENT BUSINESS
36
March 1968
Machine Tools—Orders and Shipments, 1956-66: Revised Data for Page S-34 1—Continued
Annual
Jan.
Apr.
Mar.
Feb.
June
May
July
Sept.
Aug.
Oct.
Nov.
Dec.
MlETAL FORE*ING TYPI2S— Continu ed
Orders, new (net),
domestic:
28.65
18.45
7.15
12.40
15. 30
20.15
18.30
8.80
14.65
15.25
28.95
16.20
5.85
16.10
15.70
19.70
16.20
7.45
14.85
8.75
20.50
12.55
7.95
14.20
14.20
31.30
8.80
6.50
10.45
7.85
23.10
10. 70
9.15
11.45
8.55
14 35
9 50
8.70
14.05
8 35
23 35
12 45
10.75
21.50
23 55
18 35
7 95
10 85
13.85
11 55
21 9,
6 7,
11 9(
15.8
8 5(
23. 00
17 00
16.85
65 30
25.40
35.95
7.75
17 95
22.70
26 00
28 30
40.50
14.65
19 45
16.35
26 65
32.15
39.60
6.05
16 00
15.90
59 65
24.45
30.05
9.40
13 25
14.95
41.80
31.05
37.95
8.65
14 30
18.15
78.50
54.75
45. 40
9.70
12 95
19. 15
35 05
35.85
36.70
10. 35
12 60
25.00
20.50
31.65
31.30
10. 60
13 55
24.25
28 30
33 05
24.70
10.85
19 80
41.25
26 80
46 10
28.80
12.90
16 90
20 95
28 15
34 55
31.35
11. 7(
19 4i
27. 3(
50 1(
33 0(
19. 0»
202. 50
22.95
32 65
14 10
11.10
13.50
30.25
35 90
13 35
12.55
16. 75
38.40
37 10
11.60
11.10
18.85
33.30
32 05
14.95
16.50
15.70
38.20
36 15
17.60
14.95
16.90
40.35
33 60
14.15
18.05
20.60
37.60
31.85
9.15
13.20
16.65
38.80
21.15
9.35
12.95
16.00
38.45
24 30
10.80
13.85
18.15
41.10
21 25
12.15
15.85
15.05
35.50
17 05
11.50
17.35
16.35
37. 2(
19. 5(
14. 1(
17.9
18. 0(
209. 65
208. 40
257. 30
319. 70
403. 05
463. 45
12.00
14.40
18.60
21 00
29 65
32.65
14.10
16.75
19.75
26 85
34.35
40.10
17.95
16.80
24.35
23.65
38.70
42. 65
19.00
16.35
20.15
27.70
29.75
37.35
21.10
16.95
26.10
25.50
39.10
38.35
24.55
19.20
26.40
29.90
36.40
42.80
17.65
17.45
20.95
26.40
28.30
33.55
18.20
15.95
17.70
24.35
28.50
37. 35
15.05
13.25
20.60
22.30
29.65
41.40
15.50
23.65
22.95
29.65
34.05
37.90
15.45
17. 80
19.75
28.50
32.20
39.15
19.8
20. 0(
33.9
42.4
40.2
1956
1957
1958
1959
1960
412. 10
306. 80
126. 05
148 45
160. 10
20.80
30 60
12 30
8 10
12 30
28.70
34 05
12 20
11 00
14 40
36.90
34 30
10.05
9 80
15 15
32.00
27.05
12.90
13 55
12.25
36.90
32.20
12.65
12 30
13.05
38.50
30.30
11.20
16.15
18.15
36.15
30.20
7.85
11.40
14.00
38.00
18.85
7.90
11.65
12. 15
36. 95
19.70
9.15
12 55
14.45
39.25
17.55
9.45
13.40
10.70
33.65
13.85
8.45
14.65
12.40
34.3
18.1
11.9
13.9
11.1
1961
1962
1963
1964
1965
1966
156. 10
156. 00
215. 20
280. 60
362. 95
436 85
8 80
9 45
16.05
17 30
27 35
31 10
9 75
11 55
14.05
22 55
31 85
36 45
13 95
13 15
20.40
21 50
35 05
40 20
15.85
11.25
16.20
25.50
27.10
35 35
17.50
12.85
22.15
23.05
34.65
36 15
17.20
14.50
24.40
27.70
32.90
41 00
12. 30
14.80
17.75
22.80
24. 80
32 55
13.60
12.75
15. 90
19.70
26. 35
34 05
11.05
10.25
16.90
18 30
26.45
38 55
10.85
17.65
18.15
26.15
30.60
35 80
12.80
13. 10
15. 80
25.30
27. 35
36.95
12.4
14. 7(
17.4
30.7,
38. 5(
38. 7(
255.0
390 1
239.3
79 5
65 1
97.1
389
222
73
65
98
7
3
7
6
2
374 5
204.4
71 5
70 1
98.2
372 2
190.3
64 0
71 3
103.6
355.2
171.2
55 0
71.9
103.6
337.8
150.9
53 5
69 8
100.4
332 6
129.0
52 2
74 3
97 0
321 1
119.5
55 5
75 2
93.7
299 4
106.2
55 8
76 8
89.8
283.9
101.5
55 5
93.2
103. 4
268.7
94.0
55.7
92.9
101. 4
255. (
83.1
59. i
92. (
99.7
116 0
81.7
109 7
199 8
371.5
420 7
111 6
86 0
116 6
201 1
368 3
423 0
114 8
95 4
110 0
211 0
364.2
423 7
104 7
101.7
112 3
246 5
362.4
418 1
94 9
101.4
104 9
267 3
356.6
423 0
83 5
100 9
99 0
324 7
376.6
434 5
78 3
103 0
99 g
336 9
385 1
439 6
74 2
104 6
109 4
334 5
390.5
436 3
74 5
106 2
120 0
347 7
396.2
422 4
71.6
105.1
141 8
349.6
410.8
417.4
74.3
107. 7
144.1
354.4
416.2
411.8
72..
108. <
153.4
373. f
412.1
394. 4
1956
1957
1958
1959
1960
290 05
153. 55
103. 35
173. 50
152. 65
_
1961
1962
1963
1964
1965
1966
_
Shipments, total:
1956
1957
1958
1959
135. 60
193 20
262. 80
486 80
410. 30
401. 35
432. 10
342 55
152. 80
_ . __
175.40
I960
1961
1962
1963
1964
1965
1966
39.70
_
_
_ _ _ _ _
_
Shipments, domestic:
Orders, backlog, end
of period:
1956
1957
1958
1959
1960
__
_
_ _
1961
1962
1963
1964
1965
1966
83.1
59 5
92.6
99.7
72.8
108.9
153 4
373.5
412.1
394 4
15.70
8.30
14.15
15 10
1. Data have been adjusted to new benchmarks; the revised data reflect new companies
as well as new types of machines now being classified as machine tools.
Balance of Payments
(Continued from page 22)
and many transactions attributed to
these countries may have been for theaccount of EEC countries. In such
instances, data for Western Europe as
a whole would be more satisfactory
than the data for separate European
areas.
The U.S. surplus on nonmilitary
merchandise trade with the EEC fell
from $1,300 million in 1966 to $800
million in 1967. The sharp reduction
reflected a decline of $135 million in
exports and a rise of $365 million in
imports. Net payments of nearly $700
million for military transactions and of
$100 million for other goods and services were about the same as in 1966.
The balance on goods and services,
therefore, was close to zero in 1967.
19. 1<
Source: National Machine Tool Builders' Association.
U.S. Government capital transactions
with the EEC resulted in net receipts of
about $300 million in 1967, as compared
with $535 million in 1966. The decline in
receipts reflected mainly the absence of
nonscheduled repayments of U. S.
Government credits. In 1966, such repayments were $410 million.
The unfavorable shifts in the balances
on goods and services and U.S. Government capital through transactions with
the EEC were partly offset by reported
favorable changes in capital flows between the United States and the EEC.
U.S. direct investment in EEC countries fell about $300 million to $840
million; the liquidation of U.S. banking
claims increased $150 million, and EEC
purchases of U.S. securities rose over
$100 million.
The balance on recorded transactions
other than changes in U.S. official re-
serve assets and in U.S. liquid liabilities
with the EEC countries resulted in net
U.S. receipts of about $500 million in
1966 and about $300 million in 1967.
However, the EEC countries received
large amounts of dollars through a
combination of unrecorded transactions
with the United States and transactions
with other foreign countries in Europe
and other areas; these made it possible
for the EEC countries to raise their
gold reserves and dollar holdings.
The gold reserves and recorded private and official dollar holdings of the
EEC countries as recorded by U.S.
banks increased nearly $900 million in
1966 and over $1.0 billion in 1967. In
addition, large amounts of liquid dollar
assets are held by EEC residents in
banks in the United Kingdom and in
other non-EEC countries for which no
data are available.
' U.S. GOVERNMENT PRINTING OFFICE: 1968—O-290-916
CURRENT BUSINESS STATISTICS
JLHE STATISTICS here update series published in the 1967 edition of BUSINESS STATISTICS, biennial statistical supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.50) provides a description of each series, references to sources of earlier figures, and historical data
as follows: For all series, monthly or quarterly, 1963 through 1966 (1956-66 for major quarterly series), annually, 1939-66; for selected series,
monthly or quarterly, 1947-66 (where available). Series added or significantly revised after the 1967 BUSINESS STATISTICS went to press are indicated
by an asterisk (*) and a dagger (f), respectively; certain revisions for 1966 issued too late for inclusion in the 1967 volume appear in the monthly
SURVEY beginning with the September 1967 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.
1965
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1964
IV
Annual total
1965
I
II
1967
1966
III
IV
I
II
III
IV
I
|
II
| III
IV
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
Gross national product, total
bil. $
683.9
743 3
785 0
645 1
662 7
675 4
690 0
708 4
725 9
736 7
748 8
762 1
766 3
775 1
791 2
807.3
do__
433.1
465.9
491.7
408.9
420.2
428.1
436.4
447.8
458.2
461 6
470 1
473.8
480 2
489.7
495. 3
501.8
66.0
29 9
27.0
70.3
29 8
29.9
72. 1
29 3
32 0
58.7
24 6
25.6
65 2
30 4
25 8
64.2
29 2
26.1
66.1
29 8
27.3
68.6
30 3
28 9
71 6
31 4
29 4
68 2
28 5
29 1
70 9
29 8
30 6
70 6
29 6
30 6
69 4
27 3
31 4
72 5
29 7
31 9
72.7
29 9
32 1
73.8
30 1
32.6
do
do
do
do
191.2
36.1
99.0
15 1
207.5
40.3
106.7
16 2
217.5
42 8
110 6
17 5
182.9
34.5
95.1
14 3
184.6
34 6
95 6
14 3
189.8
35.6
98.3
15 1
192.4
36 2
99.4
15 3
198.0
37 8
102.5
15 7
203.2
39 5
105 2
15 8
207.1
39 8
107 0
16 2
209.5
41 0
107 3
16 3
210.3
40 8
107 2
16 6
214.2
41 5
109 3
17 1
217.2
43 2
110 1
17 5
218.5
43 7
110. 9
17 5
220.3
43.1
112.2
17 8
do
do
do
do
175 9
25 7
63.6
12 6
188 1
27 0
67.1
13 6
202 1
28 2
71 3
14 7
167 3
24 5
60.8
11 8
170 4
24 7
61 9
12 0
174
25
63
12
177
26
64
12
181 2
26 5
65 3
13 1
183 5
26 1
66 2
13 2
186 3
26 9
66 5
13 5
189 8
27 4
67 4
13 7
192
27
68
14
196 6
27 8
69 6
14 4
200 0
28* 1
70 6
14 6
204 1
28 1
71 9
14 8
207 7
28 8
73.3
15 1
Gross private domestic investment, total..- do
112 3
115 2
118 5
116 4
122 2
110 4
105 1
112 2
120 8
102
75
27
48
26
26
9
8
4
7
3
3
8
2
9
7
105 3
78 3
28 3
50 0
27 0
26 5
99
96
104 5
78 7
27 5
51 2
25 8
25 3
14 0
14 4
104 9
81 2
28 2
53 1
23 7
23 2
11 4
12 0
103 7
82 8
27 7
55 1
20 9
20 4
18 5
19 0
103 3
81 9
27 7
54 2
21 4
20 9
7i
73
104 6
81 5
26 3
55 2
23.1
22 5
5
.6
108 4
82 8
26 6
56 2
25.6
25 0
38
3.4
111 6
84 0
26 7
57 3
27.6
27 0
9.2
7.7
6.1
40 5
34 4
6.1
42 0
36 0
5.4
42 5
37 1
4.6
43 7
5.3
45 3
39 9
5.3
45 1
39 8
5.4
45.6
40 2
3.0
45.4
42 4
Personal consumption expenditures, total
Durable goods, total 9 -__ _
_ _ _ _ _ do
Automobiles and parts
do
Furniture and household equipment
do
Nondurable goods, total?
Clothing and shoes _
Food and beverages
Gasoline and oil
Services total 9
Household operation
Housing___
__
Transportation
_ _
_
_
_
2
5
2
5
8
1
2
8
9
7
5
0
107.4
118.0
112 1
97.9
105 1
105 1
108 2
do
do
do
do
do.
do
do
do
98 0
71 1
25 1
46 0
27.0
26 4
9 4
8.4
104 6
80 2
27 9
52 3
24.4
23 8
13 4
13.7
107 0
82 6
26 8
55 7
24 4
23 9
52
4 8
90 2
63 4
21 8
41 6
26.8
26 3
77
8.1
94 4
67 3
23 1
44 1
27 2
26 6
10 6
10 1
96 3
69 3
24 7
44 6
27 0
26 5
88
79
98 8
71 9
25 1
46 8
26 9
26 4
9 4
79
do
do
do
6.9
39 1
32 2
5.1
43 0
37 9
4.8
45 3
40 6
8.5
38 3
29 8
6.1
35 1
28 9
8.2
40 7
32 6
7.4
40 3
32 9
39' o
4.3
44 0
39 7
Govt. purchases of goods and services, total do
Federal
do
National defense
_
do
State and local
do
136.4
66 8
50 1
69.6
154 3
77 0
60 5
77.2
176
89
72
86
3
9
5
4
129.8
64 5
48 9
65.3
131 3
64 3
48 4
66 9
133 9
65 4
49 2
68 6
138 1
67 6
50 3
70 4
142
69
52
72
3
8
4
5
146 5
72 1
55 1
74 3
151 2
74 9
58 4
76 2
157 7
79 5
63 0
78 1
161 7
81 5
65 6
80 2
170 4
87 1
70 2
83 3
175.0
89 5
72 5
85.4
178.2
90 9
73 3
87.4
181.7
92 2
74.2
89.5
By major type of product:
Final sales, total
Goods, total
_
Durable goods.
Nondurable goods
Services
Structures
•_ _
do
do
do
do
do
do
674 5
337 2
132.8
204 4
262 9
74 4
729
366
144
221
287
76
9
2
7
5
2
5
779 8
390 8
155 7
235 1
311 2
77 8
637 4
317 9
123 3
194 7
250 1
69 3
652 0
325 9
129 6
196 3
254 6
71 6
666 5
332 8
130 0
202 9
260 1
73 6
680 6
340 2
133 9
206 3
266 0
74 4
698 5
349 9
137 9
212 0
271 0
77' 6
716 0
359 6
143 2
216 4
276 6
79*9
722 6
361 7
141 6
220 1
933 5
77 4
737 4
370 3
145 8
224 5
291 6
75 5
743
373
148
224
296
73
6
2
3
9
9
5
759 2
380 9
150 5
230 5
303 1
75 2
774 6
391 6
156 0
235 5
307 8
75 2
787 4
394 9
157. 9
237 0
313 5
79 0
798 1
396 0
158.6
237 4
320 3
81.8
do
do
do
9.4
6 7
2.7
13 4
99
35
52
2 7
2 5
7.7
4 5
32
10 6
8 7
2 0
88
70
18
9 4
71
2 3
99
50
49
99
74
2 5
14 0
9 7
4 3
11 4
99
15
18 5
12 8
57
71
34
37
.5
— 6
1.1
3.8
35
.3
9.2
45
4.7
616.7
652.6
669.3
588.5
601. 5
609.7
620.7
634.4
645.4
649.3
654.8
661.1
660.7
664.7
672.0
679.6
398.4
418.0
430.1
379.3
389. 1
394.1
400.7
409.9
416.2
415. 2
420.4
420.4
424.2
430. 6
431.5
434.0
66 4
178 9
153 2
71 3
187 7
159 1
72 1
193 0
165 0
58 7
173 5
147 1
65 0
174 7
149 4
64 1
178 0
152 0
66 8
179 3
154 6
69 5
183 6
156 8
73 0
185 8
157 3
69 3
187 7
158 2
71 9
188 8
159 8
71 1
188 4
160 9
69 7
191 8
162 6
72.9
193.6
164.1
72 7
192.8
166.0
73. 0
193.6
167.4
Fixed investment._
_
Nonresidential
Structures
Producers' durable equipment
Residential structures. _ _
Nonfarm
Change in business inventories
_
_
Nonfarm
__
__ ___
Net exports of goods and services
Exports
- ._ _
_
_
Imports
_
___ _ _ _ _ _
Change in business inventories..
Durable goods
Nondurable goods
__
GNP in constant (1958) dollars
Gross national product, total
bil. $__
Personal consumption expenditures, total. __ .do
Durable goods. _ _
Nondurable goods.
Services
do
do
do
Gross private domestic investment, total
do
98.0
105.6
96.9
90.8
95.9
95.9
98.3
101.6
104.0
106.5
103.6
108.4
96.9
91.3
96.4
103.0
do
do
do
do
89 1
66 0
23 2
8.8
93 0
72 8
20 2
12.6
92 1
73 0
19 1
4.8
83 2
59 7
23 5
7.6
86 6
62 9
23 7
9.3
87 9
64 5
23 4
8.0
89 6
92 4
69 7
22 6
9.2
94 5
71 8
22 8
9.5
93 1
71 7
21 4
13. 4
93 0
73 6
19 4
10.6
91 2
74 2
17 0
17.2
90 2
73 0
17 3
6.7
90 9
72.6
18.3
.4
92 9
73.2
19.7
3.5
94 4
73.3
21.0
8.7
do
60
4 4
36
79
52
68
6 4
56
54
4 8
41
32
41
4.1
4.2
i.(i
Govt. purchases of goods and services, total .do114.3
124.5 138.7
Federal
do
57 8
64 7
74 1
State and local
do
56.4
59 9
64 6
r
Revised.
p Preliminary.
9 Includes data not shown sc,parately
110.5
56 7
53 8
111.3
56 3
55 0
112.9
57 1
55 8
115.3
58 5
56 7
117. 4
59 3
58 0
119. 9
61 2
58 7
122.7
63 4
59 4
126.6
66 4
60 1
129. 1
67 8
61.3
135. 5
72 3
63 2
138.7
74 4
64.3
139.9
75 1
64.9
140.7
74 7
66.0
Fixed investment-.
Nonresidential...
_
Residential structures
Change in business inventories
Net exports of goods and services.—
_
23 0
8.7
S-l
SURVEY OF CUEKENT BUSINESS
S-2
1966 | 1967
Unless otherwise stated, statistics through 1966 1965
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
Annual total
1965
II
III
March 1968
IV
I
II
1968
1967
1966
III
IV
III
II
I
IV
I
II
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
National income total
bil $
Compensation of employees total
do
435.7
p 650. 3
555.3
566.5
582.8
600.3
610.4
622.1
634.1
636.4
641.6
469.7
388.6
397.2
408.4
420.8
430.7
441.2
450.2
459.1
463.4
472.6
483.6
362.0
292.1
12.1
57.8
35.2
372.4
300.0
13.1
59.4
36.0
381.3
306.9
13.6
60.7
39.5
390.2
313.8
14.2
62.2
40.5
399.6
320.1
15.1
64.3
41.6
407.4
326.1
15.8
65.6
42.7
414.7
331. 4
16.1
67.3
44.4
418.3
333.2
16.2
68.9
45.2
426.2
339.4
16.3
70.6
46.4
435.9
346.2
17.3
72.5
47.6
653.4 p 669. 6
do
do
do
do
do
359.1
289.8
12.1
57.1
34.9
394.6
316.7
14.7
63.2
41.1
423.8
337.5
16.4
69.8
45.9
do
do
do
do
56.7
41.9
14. 8
19.0
59.3
43.2
16.1
19.4
58.4
43.6
14.8
20.1
56.7
41.7
15.0
18.9
57.2
42.0
15.2
19.1
57.8
42.5
15.3
19.2
60.0
42.8
17.1
19.2
59.3
43.3
16.0
19.3
59.2
43.3
15.9
19.4
58.6
43.4
15.1
19.6
57.8
43.2
14.6
19.8
57.8
43.4
14.3
20.0
58.8
43.8
15.0
20.2
59.3
44.1
15.2
20.4
74.9
82.2
P79.7
73.4
74.9
78.7
81.1
81.3
81.9
84.6
78.1
78.3
79.2
P83.0
8.4
66.5
38.7
16.5
22. 2
9.3
72.9
43.1
18.7
24.4
P9.7
P70.0
P39.5
P18.2
P21.3
8.4
65.0
37.7
16.0
21.6
8.4
66.5
38.6
16.5
22.1
8.6
70.0
41.0
17.4
23.7
8.9
72.2
42.7
18.3
24.3
9.0
72.2
42.5
18.5
24.0
9.5
72.4
42.7
18.8
23.9
9.6
75.0
44.4
19.2
25.3
9.6
68.5
39.6
18.4
21.1
9.5
68.8
38.9
17.8
21.1
9.6
69.6
38.2
17.7
20.5
plO.O
P73.0
11.2
16.6
11.9
18.0
P12.0
P18.5
10.9
16.5
11.2
16.7
12.0
17.0
11.7
17.8
12.0
17.8
11.8
17.9
12.0
18.6
11.7
17.3
11.9
18.0
12.1
19.3
76.6
31.4
45.2
19.8
25.4
-1.7
17.9
83.8
34.5
49.3
21.5
27.8
-1.6
20.2
p 80. 8
P33.2
P47.6
22.8
'p 24. 8
-1.2
22.4
75.6
30.9
44.6
19.4
25.2
-2.1
17.6
75.8
31.1
44.8
20.2
24.6
-.9
18.2
80.8
33.1
47.7
20.9
26.8
-2.2
18.8
83.7
34.5
49.2
21.4
27.8
-2.6
19.3
83.6
34.5
49.2
21.6
27.6
-2.3
19.8
84.0
34.6
49.4
21.6
27.8
-2.2
20.4
83.9
34.6
49.3
21.2
28.2
.7
21.1
79.0
32.5
46.5
22.2
24.2
-.8
21.6
78.9
32.5
46.5
23.1
23.4
22.1
80.0
32.9
47.1
23.4
23.6
-.8
22.7
P85.4
P35.1
P50.3
22.4
"27.8
-2.3
23.3
537. 8
65.6
472.2
445.0
27.2
584.0
75. 2
508.8
479.0
29.8
626.4
81.7
544.7
505.9
38.7
530.1
66.1
464.0
439. 9
24.0
544.6
65.2
479.4
448.5
30.9
556.1
66.7
489.4
460.1
29.3
567.8
70.4
497.5
470.9
26.6
577. 3
74.1
503.3
474.6
28.7
589.3
76.9
512.4
483.2
29.2
601.6
79.6
522.0
487.4
34.6
612.9
80. 2
532.7
493.9
38.8
619.1
79.1
540.0
504.0
36.0
631.0
82.8
548.2
509.6
38.5
642.5
84.7
557.9
516.2
41.6
bil. $
do
_ __do
do__
51.96
22.45
11.40
11.05
60. 63
26.99
13.99
13.00
61.66
26.69
13.70
13.00
12.81
5.47
2.76
2.70
13.41
5.73
2.91
2.82
14.95
6.72
3.48
3.24
12.77
5.61
2.87
2.74
15.29
6.78
3.51
3.27
15.57
6.84
3.54
3.30
17.00
7.75
4.07
3.68
13.59
6.10
3.08
3.02
15.61
6.81
3.46
3.34
15.40
6.48
3.33
3.15
' 17. 05 ' 1 14.26 2 16. 31
' 7. 30 '6.14
7.08
'3.82
3.17
3.66
3.41
' 3. 48 '2.97
do_
do
do
do_
do
do
1.30
1.73
2.81
6.94
4.94
11. 79
1.47
1.98
3.44
8.41
5.62
12.74
1.42
1.53
3.88
9.88
5.91
12.34
.33
.44
.77
1.71
1.24
2.85
.32
.44
.72
1.88
1.22
3.10
.35
.46
.73
2.04
1.41
3.25
.33
.40
.75
1.60
1.26
2.83
.40
.55
1.00
2.09
1.42
3.06
.37
.48
.82
2.36
1.36
3.33
.38
.55
.86
2.36
1.58
3.52
.32
.41
.70
1.84
1.35
2.87
.34
.41
1.12
2.46
1.49
2.99
.37
.35
.98
2.66
1.46
3.09
'.35
'.39
.41
'.36
'.33
.30
'.92
'1.07
1.11
'2.92 '2.25
2.78
1.62
'3.39 ' 3 4. 27 34.62
Proprietors' income total 9
Business and professional 9
Farm
Rental income of persons
Corporate profits and inventory valuation adjustment total
bil $
By broad industry groups:
Financial institutions
do
TV?
, , . 4.^4. I
f\ —
(\hi
393.9
616.7
354.2
286.2
11.7
56.3
34.5
\Vages and salaries total
Private
Military
Government civilian
Supplements to wages and salaries
"NT
in
562.4
TYI j?f>nd«? \-r\~c\ ~ trip — _ _ut» —
rln
uyub uustr es>
Transportation, communication, and public
utilities
bil $
All other industries
do
Corporate profits before tax total
Corporate profits tax liability
Corporate profits after tax
Dividends
Undistributed profits
do
do
do
do
do
Net interest
do
n
DISPOSITION OF PERSONAL INCOME
Quarterly Data Seasonally Adjusted at Annual Rates
Personal income total
ess. ^e so t
a
c
bil $
" y
Less' Personal outlays©
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All industries
Manufacturing
Durable goods industries^
_
Nondurable goods industries^-Mining
Railroad
Transportation, other than rail
Public utilities
Communication
Commercial and other
_
Seas. adj. qtrly. totals at annual rates:
All industries
_
Manufacturing
Durable goods industries^ __
Nondurable goods industries!
do
do
do
do
50.35
21.55
10.80*
10.70
52.75
23.00
11.75
11.25
55.35
24.15
12.45
11.70
58.00
25.60
13.15
12.45
60.10
26.80
13.85
12.95
61. 25
27.55
14.35
13.20
62.80
27.75
14.50
13.25
61.65
27.85
14.20
13. 70
61.50
27.00
13.75
13.25
60.90
26.15
13.50
12.65
Mining
_
Railroad
Transportation, other than rail
Public utilities
Communication
Commercial and other
do
do
do
do
do
do
1.30
1.55
2.70
6.85
4.80
11.60
1.25
1.70
3.00
6.75
5.05
11.95
1.35
1.95
3.00
7.30
5.30
12.25
1.40
1.75
3.30
8.25
5.35
12. 35
1.55
2.00
3.50
8.30
5.50
12.45
1.45
1.85
3.40
8.55
5.60
12.85
1.45
2.35
3.50
8.50
5.95
13.30
1.40
1.80
3.05
9.20
5.75
12.55
1.30
1.55
3.90
9.70
5.80
12.25
1.60
1.50 '1.55
1.45
1.15
1.40 '1.40 ' 1. 45
3.90
4.45 '4.00
4.10
10.95
9.80 ' 10. 65 ' 11. 25
6.05
6.05
11.95 ' 12. 65'318.55 3 18. 60
10, 180
6,880
192
1,562
1,546
10, 080
6,811
230
1,474
1,565
10, 119
6,925
212
1,353
1,629
10,511
7,203
209
1,469
1,630
10, 618
7,181
222
1,535
1,680
10, 913
7,382
206
1,587
1,738
10, 997 11,352 r 11, 353 '•11,530 pll, 458
7,402 r 7, 671 r 7, 712 '7,626 p 7, 454
P360
336
'237
210
339
1,654 r 1, 575 '•1,545 ^1,842 p 1,823
r
••1,825 p 1,821
1, 760
1,731 ' 1, 767
Imports of goods and services
do _ _ -32,203 -37, 937 p-40,893 -8, 139 -8, 233
Merchandise, adjusted, excl. military
do __ -21, 472 -25, 510 p-26, 980 -5, 475 -5, 556
-754
-711
Military expenditures
_ _
do
-2, 921 -3, 694 p-4, 319
-424
-435
Income on foreign investments in the U.S__do
-2,074 p-2, 277
-1, 729
Other services
do
-6, 081 -6,659 p-7, 317 -1, 529 -1,488
Unilateral transfers, net (excl. military grants);
-775
-725
transfers to foreigners ( )
mil $
-2, 824 -2, 925 p-3, 049
r
Revise d.
* Preliminary.
1
siness.
Estimates for Jan.-Mar. 1968 based on anticipated capita] expendit ires of bu
2 Estimates for Apr. -June 1968 based on anticij)ated ca pital expe nditures of busin CSS.
Anticipated expenditures for the year 1968 are as folio ws (in b: l.$):Allirtdustries, 65.23; ma nufacturing, total, 27.93; durable goods industries, 14.39; nond urable gc ods indu stries, IS .54;
mining, 1.58; railroad, 1.27; transportation, 4.51; pub lie utilit les, 10.88; communi cation, 6 45;
3
commercial and other, 12.60.
Includes communi cation.
9 Includes inventory valuation adjustment.
-8, 599
-5, 772
-785
-469
-1, 573
-8,997
-6, 025
-861
-475
-1,636
-9,265
-6, 225
-911
-471
-1, 658
-9, 762
-6, 580
-953
-565
-1,664
-9,913
-6, 680
-969
-563
-1, 701
'
'
'
'
62. 70 ' 1 64. 80 264.30
28.10
26. 00 ' 28. 00
14.60
14.55
13. 50
13.55
12. 55 ' 13. 40
U.S. BALANCE OF INTERNATIONAL
PAYMENTScf
Quarterly Data Are Seasonally Adjusted
(Credits +; debits -)
Exports of goods and services (excl. transfers under
military grants) _ _ _ _ _ _
mil. $ 39,147
Merchandise, adjusted, excl. military
do _
26,244
Military sales
_
___
do
844
Income on U.S. investments abroad
do _ 5, 888
Other services
do
6,171
43,039 p 45, 693
29, 168 p 30, 463
847 p 1, 272
6,245 p 6, 785
6, 779 p 7, 173
'-9,999 '- 10,03
-6, 662 -6,558
-1,045 -1,070
-547
-557
'•-1,735 "-1,85
'-10,12
'-6,549
'-1,094
' -585
'-1,894
p-10, 73
p-7, 21
p-1,11
p-588
p-1,83
-852 '-849 p-620
-728
-632
-733
-709
-660
-851
0Personal c>utlays comprise personal consum ption ex penditur es, inter*jst paid by consume ^s, and p 3rsonal ti•ansfer & ,yments to foreigrlers.
§Pe rsonal sa ving is e.£cess of d isposable income over pers onal out lays.
UD ata for in dividual durable and non durable goods in<lustries _omponents appear in the
Mar., June, Se pt., and Dec. issu es of the SURVEY.
cflV [ore comi)lete deta ilsareghren in the quarterl y review 3 in the IVlar.,Jun e, Sept., and Dec.
issues of the SiJRVEY.
SURVEY OF CURRENT BUSINESS
March 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1965
1966
1966
1965
1967
I
Annual total
S-3
II
III
IV
I
1967
III
II
I
IV
II
1968
III
I
IV
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
U.S. BALANCE OF INTERNATIONAL
PAYMENTS §— Con.
Quarterly Data Are Seasonally Adjusted
Transactions in U.S. private assets, net; increase
(-)
mil. $
Transactions in U.S. Govt. assets, excl. official
reserve assets; increase ( — )
mil. $
Transactions in U.S. official reserve assets, net;
increase ( — )
mil $
Transactions in foreign assets in the U.S., net (U.S.
liabilities); increase (40
mil. $
Liquid assets.
do
Other assets
do
Unrecorded transactions
do
Balance on liquidity basis—increase in U.S. official
reserve assets and decrease in liquid liabilities to
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
official agencies; decrease (— )
mil. $__
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
••-984 '-1,113 '-1,741 p- 1,608
-3, 743
-4, 213 p-5,446 -1,657
-389
-885
-812
-981
-1,135
-1, 575
-1,531 p-2, 362
-396
-490
-244
-445
-365
-500
-328
-338
-737
-556
-473
p-596
p52
842
68
41
271
424
68
82
-6
1,027
-419
-375
p-181
3,301 » 6, 600
789 P 3,523
2, 512 P 3, 077
-302 p-595
286
-24
310
53
-342
-267
-75
-113
211
416
-205
-245
236
-12
248
-110
492
227
265
-233
1,145
54
1,091
-198
459
83
376
. 277
1,205
425
780
-148
'364 r 2, 166
'-494
'972
'858 r 1, 194
' -295 r -546
-419
'-533
1,222
391
113
278
-415
568
-932 -1, 165
-1, 335
-1,357 p-3, 575
-818
199
-457
-259
-651
-122
-165
-1,304
225 p-3, 398
-834
239
207
-916
-443
-175
861
1966
1967
Annual
'1,821 P 2, 249
' 1, 013 P 2, 032
'808
P217
p37
'209
' -553 '-638 p-1, 851
-18 '•-1,817 '-832
'456 p- 1,205
1967
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Sept.
Aug.
Oct.
Nov.
Dec.
Jan.
Feb.p
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCE
Seasonally adjusted, at annual rates:
Total personal income
bil. $
Wage and salary disbursements, total
do__._
Commodity-producing industries, total.do____
Manufacturing
do
Distributive industries
do
Service industries
Government
Other labor income
Proprietors' income:
Business and professional
Farm. _
584.0
626 4
610.4
612 6
615.6
616.5
618.2
622 6
627 0
631 6
634 4
635 9
642 4
649 3
' 650 9
658 4
394.6
423.8
414.2
165. 2
132 7
98.6
416.2
165.6
132.9
99.1
416.7
165.0
132.5
99.1
417.2
164.3
132 2
99.3
420.9
423.4
428.5
429.4
435.3
' 442. 4
448.7
165.2
133 0
100 4
166.1
133 2
101 3
426.7
' 139 6
' 105. 1
177.0
141.9
106. 4
73.9
91.4
. 25.2
168.2
135 4
102 1
167.9
134 9
102 6
171.2
137 5
103.7
443. 1
173.3
139 2
103 9
70.1
86 9
23 6
70.8
87 4
23 8
71.1
87 8
24 0
71.9
88 4
24.3
72.8
93 1
24 6
'73.1
'90.9
24.9
43.7
14 7
43.8
15 0
43.9
15.3
44 0
15 1
44.1
15 2
44.2
15 3
44.3
' 15 3
44.4
15.2
20.1
23 3
46.1
51.6
20.2
23 5
46 4
52.2
20.2
23 5
46 9
52.4
20.3
23 4
47.3
52.5
20
23
47
52
3
2
6
-8
20.4
23 1
48.0
52.8
20.4
21 0
48 5
53.1
20.5
22.9
48.9
'54.0
20.5
23.1
49.3
54.4
20.1
20.3
20.4
20.6
20.6
20.6
20.8
21.1
22.3
598.8
603.2
159.3
128.1
93.9
167.2
134 4
100 9
413.8
166.2
133. 7
98.4
do
do
do
63.5
77.9
20.8
69.5
86 3
23 2
66.4
82.7
22.1
66.9
83 4
22.2
67.6
84.0
22.4
68.2
84.5
22.6
68.6
85 0
22.8
69.5
85 7
23 1
69.6
86 4
23 3
__ _ .. _do
do
43.2
16.1
43.6
14 8
43.3
15.0
43.2
14 6
43.1
14.3
43.3
14.4
43.4
14.4
43.6
14 3
19.4
21.5
42.4
43.9
20.1
22 8
46 5
51 9
19.7
21.8
45.0
49.7
19.8
22 3
45.2
51.1
19.9
22.6
45.5
51.7
20.0
22.8
45.8
51.0
20.0
23 1
46.0
51.5
17.9
20.4
20.0
20.0
20.1
20.1
606.5
590.2
593.0
596.2
Rental income of persons
do
Dividends
do
Personal interest income
do
Transfer payments
do
Less personal contributions for social insurance
bil.$__
Total nonagricultural income
do
563.1
596.9
607.2
168.0
135 3
101 8
611.4
614. 0
'3 658 ' 2 978 '3 165 ' 2 744 ' 2 906 ' 3, 271 ' 3 601r 4 499
r 4 822
622.0
615.7
'173.3
628.8 ' 630. 3
22.6
637. 8
FARM INCOME AND MARKETINGS
Cash receipts from farming, including Government
payments (48 States), total
mil. $
Farm marketings and CCC loans total
do
Crops _
do
Livestock and products, total 9
do
Dairy products. .
do
Meat animals
do
Poultry and eggs.
do
Indexes of cash receipts from marketings and GCC
loans, unadjusted:
All commodities
1957-59=100
Crops
do
Livestock and products.
do
Indexes of volume of farm marketings, unadjusted:
All commodities
1957-59=100
Crops
do
Livestock and products
do
46, 485
45 549
43 219
18, 384
42 471 r 3 595 '
18 310 ' 1 542
24 161 ' 2 053 '
489
5 757
14 479 ' 1, 215 '
'313
3 644
24,835
5,502
14, 890
4,134
134
134
134
132
133
131
'134
' 134
'133
121
121
120
124
124
193
'130
' 141
' 121
156.3
p 158. 0
p 159. 6
2 765 ' 2 927 ' 2 649 r 2 873
'942
'804
'936
' 814
1 829' 1 985 1 845'2 059
'
459
r 527
502
493
1, 077 ' 1 153 1 040 ' 1, 213
'
'297
263
' 272
' 284
103
'82
' 119
'95
' 76
' 109
'109
' 82
' 129
'99
' 100
' 70
' 122
' 89
' 52
' 70
120
117
' 5 401 4 688
'3 248 r 3 495 r 3 676 ' 3 933 r 4 918
' 1, 273 ' 1 579r i 547 ' 1 818r 2 601
' 1, 975 ' 1 916' 2 129 ' 2 115' 2 317
r 455
497
466
474
470
' 1, 165 ' 1 114 1 308r 1 311 r i 507
'
r 315
r 338
'292
' 343
330
' 107
' 71
' 134
' 121
' 111
' 128 '•
' 130
r isg
' 124
' 137
' 135
'138
' 146
' 159
' 137
'96
' 55
' 125
'112
' 99
' 121
' 122
' 132
' 115
' 128
' 128
' 128
' 136
148
' 128
4 626
2 592
2 034
454
r 3 810
r 3 766
1 862
1 904
478
1 271
1 104
183
172
226
132
'162
r 174
' 215
144
168
219
129
135
158
119
161.2
T
227
' 150
299
297
140
124
INDUSTRIAL PRODUCTION tf
Federal Reserve Index of Quantity Output
Unadj., total index (incl. utilities) cf--1957-59=100__
By industry groupings:
Manufacturing, total
do
Durable manufactures.
do
Nondurable manufactures do
Mining
do
Utilities
do
By market groupings:
Final products, total
Consumer goods
_
Automotive and home goods
Apparel and staples
Equipment, including defense
Materials
Durable goods materials
Nondurable materials
r
Revised.
p Preliminary.
§ See note marked " cf" on p. S-2.
158.6
164.8
150.8
120 5
173.9
do
do
do
do
do
155.5
147 5
166. 5
141 4
172.6
do
do
do
157 0
156.9
157.2
' 160. 5 ' 159. 2
161.6
'
'
'
'
160. 3
166. 1
153. 0
121. 3
162.9
167.5
157.0
125.0
162.2
155 4
170.0
150 8
176.8
161.3 ' 161. 0 '
' 152. 0 '150.3 '
171.7
174.7
' 145. 7
142 5
' 181. 3 ' 183. 9 '
159. 4
149. 2
168. 5
172
181. 3
182.5
160 8
152.6
169.3
' 161 1' 160 0 159.0
' 153. 7 ' 154. 3 ' 151. 9
166.3
165.9
' 168. 7
161. 9
156.4
156.6
157.0
157.9
156.0
159.0
150. 5
157. 9
161.1
161.5
157.8
164. 5
149.4
121 4
158 4
163.4
152.1
121 9
158. 9
164.4
152.1
120 1
160 3
164.9
154.4
122 1
158 1
164.1
150.6
121 8
161.0
165.6
155.3
123 9
150 5
154.7
145 1
124 8
158 3
158.9
157.4
129 0
162 6
163.8
161 2
125 6
163
164.
162
124
p 159. 0
p 145 0
p 179. 6
157.0
145 9
160.6
141 3
180.7
156.8
145 8
157.2
142 1
180.4
157.2
146 2
160. 1
141 8
180.8
157.7
147 1
161.8
142 5
180.3
155.2
144 2
157.8
139 8
179.0
159.8
150 5
162.0
146 8
180.0
151 2
139 9
132.9
142 2
175 3
156.9
147 7
137.4
151 1
176.4
163 3
155 7
162.2
153 7
179 5
P 157 7
p 152. 1
p 163. 4
155 9
152.2
159.7
156 5
151.5
161.7
156 7
151.9
161.7
158 1
152 5
163.9
156 6
152.5
160.9
158 3
154.3
162.4
150 0
145 0
155.2
158 9
152 5
165.4
159 1
152.0
166.4
p 163. 8
P 154 4
p 123 5
p 184 4
p 158. 3
pl48 4
7
4
9
7
163.5
167.1
' 159. 0
124.2
cf Revisions for 1966 appear on p. 20 of the Nov. 1967 SURVEY.
9 Includes data for items not shown separately.
162.3
' 169. 3
' 153. 5
122 2
161.7
152.1
155
170
March 1968
SURVEY OF CUREENT BUSINESS
S-4
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967 *
Annual
1967
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Dec.
Nov.
Jan.
Feb. -p
161.3
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION^— Continued
Federal Reserve Index of Quantity Output— Con.
Seas, adj., total index (incl. utilities) tf- 1957-59 =100_
By industry groupings:
Manufacturing, total
do
Durable manufactures 9
- -do- _
Primary metals
__ __ _ _ d o
Iron and steel
do
Nonferrous metals and products
do
Fabricated metal products
_ do
Structural metal parts
do
156.3
158.0
158.2
156.6
156.4
156.5
155.6
155.6
156.6
158.1
156.8
156. 9
159.5 ' 162. 0
161.2
158.6
159.6
160.1
158.5
158.2
158.2
157.2
157.0
157.6
159.4
158. 1
158.3 ' 161. 1 ' 163. 9
163.0
162.8
164.8
142.7
136.2
166.2
163.0
158.8
163.8
132.5
126.8
153.1
162.0
158.1
165.5
132.6
124.9
163.5
166.7
160.7
162.9
131.9
124.8
167.2
165.0
160.9
162.6
129.2
123.7
162.1
162.9
160.1
162.5
129.1
122.7
161.4
161.0
158.1
162.2
128.9
122.9
154.4
160.8
156.4
161.5
129.0
121.2
156.4
160.8
156.9
162.5
129. 6
122.3
155.3
159.8
156.1
163.6
129.3
124.3
144.2
159.1
156.8
161. 1
129.2
125.6
141.1
158.1
156.0
160. 7
131.7
127.7
142.8
158.2
156.4
' 164. 1
r
' 168. 1
135. 0 ' 140. 7
133.3
140.6
^ 142. 2 ' 145. 2
'159.8 ' 162. 5
158.8 ' 160. 0
' 167. 2
' 137. 6
' 136. 2
145.2
' 163. 6
159.4
166.8
137
138
' 182. 2
179.5
' 185. 8
' 177. 5
' 166. 9
' 186. 3
183.3
' 181. 2
' 186. 0
' 175. 7
' 162. 3
187.0
183
180
186
176
160
190
165
165
Machinery. __
_
Nonelectrical machinery
Electrical machinery.
Transportation equipment 9
Motor vehicles and parts
Aircraft and other equipment
do
do
do
do
do _ _
do_
183.8
181.9
186.4
166.9
168.7
165.0
183.4
183.4
183.3
166.0
147.0
182.2
190.3
190.7
189.7
162.6
147.2
176.0
186.8
187.3
186.2
157.5
136.5
175.6
184.5
185.2
183.6
162.6
143.8
178.8
182.1
183.5
180.3
165.7
149.5
179.8
180.5
181.7
178.9
167.5
152.0
181.4
177.5
181.3
172.4
169.3
154.5
181.8
180.0
182.2
177.1
170.8
156.7
182.6
182.8
182.6
183.2
171.9
158.0
183.6
182.2
182.1
182.4
159. 2
129.4
184.3
179.6
177. 2
182.8
159.2
128.6
185. 2
r 183. 2
Instruments and related products
Clay, glass, and stone products.. _
Lumber and products
Furniture and
fixtures
Miscellaneous manufactures.
do
do
do
do
do__
176.5
140.7
119.4
171.9
157.9
184.8
138.7
116.5
167.8
157.4
186.2
137.2
113.7
172.1
160.3
183.4
136.9
115.2
170.6
157.1
185.8
134.9
117.3
166.5
158.2
185.2
136.0
119.1
166.5
159.2
185.3
134.8
115.6
166.5
158.1
184.1
133.5
114.9
166.3
156.7
182.9
134.1
115.5
162.7
155.4
183.2
136.9
109.2
164.8
154.9
183.1
138.4
114.3
166.3
156.4
183.2
139.7
117.0
166.6
155.0
185.4
139.2
120.6
167.8
155.1
Nondurable manufactures
Textile mill products
Apparel products
Leather and products
Paper and products
do
do
do
do
do
150.8
142.5
150.1
111.7
152.1
154.4
142.2
147.7
106.5
153.6
153.4
140.7
150.2
107.7
152.5
152.9
138.9
147.1
103.7
152.4
152.6
138.8
143.6
101.0
152.4
152.8
137.8
142.5
107.1
152.1
151.1
137.8
142.6
105.0
151.4
151.4
136.6
142.4
105.4
151. 6
151.5
136.8
144.2
103.0
149.0
154.0
138. 7
146.4
106.5
152.8
154.2
141.3
146.8
108.4
152.9
155.2
144.9
146.2
109.7
154.5
Printing and publishing
Newspapers
Chemicals and products
Industrial chemicals
Petroleum products
do
do
do
do
do
142.1
134.2
193.2
221.0
128.3
146.8
134.2
203.8
234.8
133.9
145. 5
133.7
200. 3
231.6
128.7
146.1
134.8
200.6
230.9
127.4
147.4
132.8
201.1
231.3
130.1
148.3
133.8
200.1
228.3
133.1
147.4
133.1
199.6
228.8
132.1
147.8
134.3
199.9
227.5
134.4
148.3
136.1
201.0
227.6
132.8
148.6
137.0
200.7
231.4
133.2
145.4
135.7
202.3
234.2
137.0
144.3
134.0
205.5
238.8
137.6
Rubber and plastics products
Foods and beverages
Food manufactures
Beverages
Tobacco products
do
do
do
do
do
191.9
128.7
126.6
139.9
120.0
190.3
132.4
130.1
144.7
120.0
195.1
132.0
130.4
140.8
118.5
191.6
132.4
130.3
143.9
120.2
188.4
132.3
129.7
146.1
116.2
186.9
133.1
130.6
146.3
116.0
165.7
132.0
130.3
141.2
117.4
166.9
131. 9
129.9
142.9
123.9
170.1
131.5
129.4
142.8
123.6
203.1
131.7
129.0
146.3
121.4
202.4
131.2
128.9
143.8
120.2
199. 1 * 207. 5 210.0
134.2
132.2 '133.5
129.3 ' 130. 2 ' 130. 6
153.3
147.5 '151.2
115.5
120.5
118.0
Mining .
__
_ .
Coal
Crude oil and natural gas
Crude oil
Metal mining
Stone and earth minerals
do_ _
do
do
do
do
do
120.5
117.0
118.0
119.3
133.4
133.5
123.5
118.1
123.2
126.4
119.9
135.4
123.2
120.7
119.7
121.0
140.3
138.7
122.4
115.7
119.6
120.0
142.1
136.6
121.5
115.1
118.1
120.1
143.7
137.2
122.0
125.5
117.1
119.6
149.5
130.6
120.2
120.1
117.5
119.6
132.9
129.2
123.8
122.5
121.6
123. 6
133.9
133.3
128.0
122.6
129.1
133.9
119.7
133.7
127.8
117.2
131.2
138.0
105.7
136.6
124.3
115.5
127.5
133.1
95.6
136.5
122.4
112.3
126.1
130.3
93.8
132.9
123.1 ' 122. 6
123.6
116.1 ' 110. 8
115.3
126.4
124. 6 ' 125. 8
128.0
' 128. 7
130.3
93.2 '95.7
97.6
135.3
139. 0 ' 142. 7
Utilities
Electric
Gas
do
do
do
173.9
179.6
156.1
184.4
191.7
161.2
180.6
187.2
180.5
186.9
181.9
188.8
182.7
189.9
182.7
189.7
183.2
190.3
184.1
191.4
184.8
192.1
184.8
192.1
187.6
195.8
' 190. 5 ' 191. 8 ' 192. 0 194.0
' 199. 4
200.8
do
do__ _
do
155.5
147.5
166.5
158.3
148.4
159.0
158.1
148.0
159.3
157.0
146.1
152.4
157.1
146.6
155.2
157.3
147.1
155.8
156.3
146.0
153.3
156.8
146.9
154.3
157.1
147.1
156.4
158.2
148.6
162.5
157.0
147.0
155.0
156.9
147.9
157. 7
160.0 ' 161. 9 ' 161. 0
'150.1 ' 152. 8 '151.3
167.0
169.0
163.2
Automotive products
do
Autos _
do
Auto parts and allied products. __ do
Home goods 9
do
Appliances, TV, and radios
do
Furniture and rugs
do
163.0
169.5
154.4
168.9
166.6
165. 7
149.1
145.7
153.6
166.0
159.5
159.6
147.0
141.3
154.4
168.0
160.5
163.4
135.7
120.5
155.7
164.1
156.9
158.5
144.6
136.5
155.3
162.7
152.9
157.4
151.3
149.6
153.6
158.9
144.2
157.9
145.8
149.9
140.5
158.5
143.8
157.2
151.2
156.0
144.8
156.6
138.6
157.3
155.2
160.7
148.0
157.3
143.3
156.3
161.1
163.7
157.8
163.4
155.0
156.9
142.1
133.4
153.6
164.1
155.9
157.8
145.2
135.3
158. 2
166. 4
162.9
159.7
152.4
144.5
162.9
' 170. 8
168.4
163.4
Apparel and staples
do
Apparel, incl. knit goods and shoes. _ do
Consumer staples
do
Processed foods
do
141.4
139.5
142.0
126.4
145.0
136.2
147.5
130.0
144.4
139.9
145.7
130.4
144.1
137.1
146.1
130.2
143.9
135.5
146.3
129.6
144.4
135.0
147.1
129.6
143.7
131.9
147.0
130.3
144.6
133.2
147.8
130.2
144.1
132.8
147.3
129.0
144.2
134.8
146.9
129.8
144.4
135.7
146.9
129.7
147.6
144.8 ' 145. 9
138.9
136.0 ' 137. 4
' 148. 4 ' 150. 1 ' 148. 7
147.3
129.2
129.5 '130.5
129.5
133. 2 173.5
136.5
159.9
136. 4
183. 0
140.1
168.3
133.3
179.2
141.5
162.9
135.9
180.5
142.3
162.7
136.0
181.2
142.3
164.2
136.1
182.4
143.6
166.6
133.2
182.3
142.5
166.9
136.5
182.7
141.4
169.3
136.3
184.0
142. 1
168.3
137.9
178.0
140.9
168.8
135.8
179.8
136.2
170.5
137.6
181.6
134.8
171.2
172.6
181.2
172.3
190.1
208.3
167.5
179.6
182.9
170.3
200.9
215.4
158. 7
179.9
186.9
177.3
196.7
214.5
176.1
180.3
186.6
176.8
199.8
215.0
162.6
179.6
184.4
174.1
199.1
211.7
162.8
179.2
183.5
172.1
201.7
210.4
161.5
178.5
182.1
169.1
200.8
211.7
167.6
178.1
181.3
169.0
200.5
208.9
162.8
178.4
180.8
169.0
201.1
210.2
148.6
178.9
180.6
166.8
201.9
214.1
154.3
178. 6
179. 8
166.6
200.3
210.4
158.5
176.1 ' 181. 1 ' 181. 5 ' 181. 7
176.9 ' 183. 5 ' 183. 4 183.7
168.0
162.3 ' 170. 4 ' 168. 9
200.9 ' 204. 7 204.0
199.0
228.4
227.4
222.9
209.9
131.2
157.5 ' 147. 2
do
do___
do
do
do
157.0
156.9
166.5
180.7
141.7
157.7
152.1
144.6
184.5
140. 1
157.9
154. 2
148.6
190.6
138. 9
155.8
151.3
142.8
186.5
139.2
155.5
151.5
139.5
185.6
139.7
156.0
151.0
137.5
183.2
139.2
154.6
149.7
143.7
180.9
137.1
154.9
148.9
143.3
179.6
137.2
156. 1
149.7
141.8
181.2
138.1
157. 9
151.8
142.7
186.3
139.0
156.7
148.5
134.9
184.7
140.0
157.4
149.0
133. 3
184.1
139.3
' 159. 5
'152.3
143.8
186. 0
' 140. 9
-do
do
do
do
157.2
149.0
145.6
150.6
163.4
152.2
148.5
154.1
161.6
152.6
146.6
155.6
160.4
151.0
147.1
153.0
159.7
150.0
144.6
152.7
161.1
153.4
148.5
155. 8
159.6
150.1
146.2
152.0
161.1
151.3
145.1
154.4
162.6
150.9
141.7
155.5
164.2
151.7
143.0
156.0
165.2
153.1
150.4
154.5
166.0
152.5
153.7
151.9
' 166. 9 ' 168. 1
153.4
' 153. 2
152.6 ' 152. 2
' 153. 5 ' 154. 0
168.2
154.0
152.6
154.7
168
144.0
136.6
128.9
122.5
183.2
172.9
note o a p. S-3.
340.4
125.0
180.0
139.6
123.6
180.2
139.8
123.2
181.9
147.3
149.1
147.7
141.3
140.3
143.0
133.4
128.2
135.1
137.1
124.3
125.3
182.5
182.1
183.8
182.1
181.0
181.1
9li icludes d ata for it ems not shown se parately
146.9
131.0
187.9
' 146. 9 ' 146. 4
129.8
130.3
188.3
' 188. 5
147.2
130.4
149
132
By market groupings:
Final products, totaled.
_ _
Consumer goods
Automotive and home goods
Beverages and tobacco
Drugs, soap, and toiletries
Newspapers, magazines , books
Consumer fuel and lighting
do
do
do
do
E quipment , including defense 9
do
Business equipment _ _
do
Industrial equipment
do
Commercial equipment
do
Freight and passenger equipment.. do
Farm equipment
do
MaterialscT
Durable goods materials 9
Consumer durable
E quipment
Construction
_.
Nondurable materials 9
Business supplies.
Containers
General business supplies
r
__
Business fuel and power 9 _ __
do _.
Mineral fuels
_ _
do
Nonresidential utilities
do
Revised.
p Preliminary.
cfSee correspond!ng
' 180. 9
186.3
165.6
141.4
186.0
'
'
'
'
'
186. 3 ' 186. 6
143. 6
140.6
114.4
125. 7
170. 7 ' 170. 9
155. 7
159.0
185
134
172
160
' 157. 2 ' 158. 7 ' 157. 7
147.4 ' 152. 0
148.3
148. 6
150.7
' 1 33
1 .
115.0
156.1 ' 157. 0
157.8
145.5 ' 144. 1
134.4
129.9
' 208. 0 ' 210. 6
242.3
247.0
r 136. 8 ' 138. 3
144
r
' 170. 0
175.1
' 163. 3
' 168. 4
' 158. 7
' 166. 5
' 139. 2 142.2
' 183. 1 ' 184. 3
135.7 ' 138. 5
' 174. 1 176.7
' 142. 8
129.9
211.9
137.8
133.2
130.3
164.1
163.2
165.2
169. 0
161.0
166.4
125.1
114
127
132
161.6
151. 9
167
162
158
150
184.5
137.4
' 161. 8 ' 161. 6
' 155. 6 ' 155. 1
161.3
' 159. 4
184.1
'184.9
' 144. 0
142.6
182.4
184
161.0
154
March 1968
SURVEY
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
OF CURRENT BUSINESS
1967
1967
Jan.
Annual
s-5
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES §
Mfg and trade sales (seas adj. )> totaled
Manufacturing, totalc? .. — _
Durable goods industries
Nondurable goods industriescf
mil $
- - do
do
do
1
1,035,052 11,057,637 87 182
86 138
87, 255
86, 656
87, 358
88, 368
88 759
89, 067
88, 633 ' 87,517 ' 89,938 ' 92,453
92, 848
!527,629 1538,946
276, 069 277, 474
251,560 261, 472
44, 256
23 060
21 196
43, 771
22 622
21 149
44, 663
23, 137
21, 526
43, 766
22, 269
21, 497
44, 692
22, 900
21, 792
44, 707
23, 052
21, 655
45, 170
23 192
21, 978
45, 447
23, 633
21,814
44, 571 ' 44,233 ' 46,108 * 48,342
22, 949 22, 311 23,487 ' 25,290
21, 622 ' 21,922 r 22,621 ' 23,052
48, 058
25, 219
22,839
Retail trade total
Durable goods stores
Nondurable goods stores
do
do
do
1
303, 672 i 313,503
97, 812
99, 669
205, 860 213 834
25 687
8 200
17 487
25 470
7,955
17 515
25, 739
8,150
17 589
25,918
8,104
17 814
25,897
3, 187
17, 710
26, 544
8,546
17, 998
26 444
8,592
17 852
26, 422
8,508
17,914
26, 732
8,743
17, 989
26, 089
8,235
17,854
26,411 ' 26,470
8,221 ' 8,327
18, 190 ' 18,143
27, 039
8,511
18, 528
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
do
do
do
1203,751 i 205,188
91, 026
90, 447
112, 724 114, 740
17 239
7 501
9 738
16, 897
7 488
9,409
16, 853
7 350
9,503
16, 972
7 292
9 680
16, 769
7,246
9,523
17, 117
7,495
9,622
17, 145
7 503
9 642
17, 198
7,562
9,636
17, 330
7,684
9,646
17, 195
7,718
9,477
17,419 ' 17,641
7,843 ' 7,980
9,576 ' 9,661
17, 751
7,928
9,823
Mfg. and trade inventories, book value, end of year
or month (seas, adj.) , total d"1
mil. $
Manufacturing, totalcf
Durable goods industries
Nondurable goods industriescf
Retail trade total
Durable goods stores
Nondurable goods stores
Merchant wholesalers, total
Durable goods establishments
Nondurable goods establishments
Inventory-sales ratios:
Manufacturing and trade totalcf
Manufacturing, totaled
Durable goods industries
Materials and supplies
Work in process
Finished goods
Nondurable goods industries cf
Materials and supplies
Work in process
Finished goods
Retail trade, total
Durable goods stores
Nondurable goods stores
135, 233
140, 742
77, 581
50, 037
27, 544
36, 961
16, 536
20 425
20, 691
12, 112
8,579
82, 425
53, 930
28, 495
36, 682
15, 977
20 705
21 635
12 543
9 092
ratio
1.48
1 56
do
do
do
do
do
1.64
1.98
do
do
do
do
1 27
do
do
do
1.42
1 97
1 16
1 14
1 49
do
do
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 ) totaled
Durable goods industries, total 9
Stone clay and glass products
Primary metals
Blast furnaces steel mills
Fabricated metal products
64
1 03
59
1 30
50
.19
58
78
50
27
36
16
20
20
12
8
600
620
980
924
491
433
780
140
640
79
51
28
36
16
20
20
12
8
105
079
026
644
315
399
742
096
646
79
51
28
36
16
20
20
12
8
1 54
1 55
1.55
'1.58
r
1 80
2 26
1 79
2 25
1 78
9 26
1.78
2 23
1.81
2.29
' 1.83
2.37
' 1.77
2.28
63
63
1 03
1 03
1 04
1 02
1 05
59
.60
.62
1 31
9
1 29
1 31
' 1.29
1 57
1 58
1 57
1 78
2 20
1 81
2 26
1 78
2 21
1O
1 00
65
98
57
1 32
1 83
2 32
64
66
9
59
66
1 05
58
60
1 31
1 33
1 32
49
20
62
1 31
1 13
1 40
1 94
1 15
1 22
1 67
1 23
1 65
1 9
1 22
1 61
1 21
1 62
1 23
1*62
1 24
1 65
1 Q»
on
I neo
90
90
1.37
1.91
1.13
1 20
1.57
1.22
1.58
1 21
1 56
'1.23
'1.57
' .94
1.22
1.58
998
1 109
.48
' .21
1 123
1 098
935
982
44 918
46 786
40 985
44 174
46 456
do
do
do
do
do
276, 069
11 929
45 651
23 707
26 024
277
11
42
22
25
474
817
607
237
725
21 395 23 062
864
' 835
3 748
3 632
1 889 1 876
2 121
1 918
23 946
23 342
23 528
3 681
2 H6
3 613
1 877
2 igs
24 778
1 051
3 717
1 885
9 276
20 580
3 732
1 923
2 187
3 105
1 621
1 939
22, 089
1 083
3 401
1 814
2 222
23, 565
1 106
3 449
1 805
2 230
43
40
73
42
10
119
909
020
224
673
3 626
3 419
6 086
3 653
3 752
3*500
6 505
3 888
3 700
3 177
6 401
3 915
3 647
3*196
6 609
4 085
869
531
891
178
3 27°
3 028
5 168
2 782
3 436
3*357
5 023
2 463
3 671
3 668
5,746
3 080
20 405
7* 352
°2 085
7 634
do
do
do
do
do
do
do
do
do
251 560
87
5
19
21
38
20
12
761
104
588
770
676
517
752
261
92
5
19
22
42
21
13
472
392
102
205
492
069
304
290
740
806
851
9
3
3
6
4
929
839
' 1,337
1 129
44, 909
926
998
29 008
7 §11
411
471
1 647
1 891
3 564
1 8"
1 164
1 344
1 703
3 283
1 811
1 010
1 647
1 918
3 581
1 789
1 112
45 170
45 447
44 571
22 311
3 631
3 394
5 366
2 744
1 133
1 548
1 846
3 503
1 746
1 136
44 256
43 771
44 663
43 766
44 699
44 707
22 269
22 900
9
3 052
23 192
23 633
3 439
1 742
2 080
3 434
1 791
2 092
3 469
1 755
9 093
3 581
1 905
2 068
3 519
1 839
2 092
22 949
1, 010
3 419
1 780
2 094
3
3
5
3
3 455
3 323
6 380
3 875
3 517
3 qro
3 587
3 A(\Q
3 672
3 423
6 577
3 900
3 690
3 412
5 909
3*252
do
_ do
do
do
.do
23 060
1 061
3 758
1 920
2 135
22 622
1 013
3 618
1 802
2 214
23 137
1 020
3 517
1 787
2 272
do
do
do
do
do
3 492
3 463
5 881
3 568
3 485
3 336
5 686
3 385
3 489
3 435
6 061
3 529
Nondurable goods industries, total d" 9 --do
Food and kindred products.
do
Tobacco products
_
do
Textile mill products cf
do
Paper and allied products. _
do
Chemicals and allied products
do
Petroleum and coal products.
do
Rubber and plastics products
do
21 196
7 381
834
805
21 149
7 370
424
420
1 547
1 880
3 297
1 688
1 079
1 513
1 856
3 325
1 722
1 075
845
7* 466
49C
1 550
1 con
3 648
1 7CQ
927
453
222
912
557
836
21 526
7 562
21 497
7 549
428
438
1 523
1 878
3 378
1 789
1 106
2
' Revised.
i Based on data not seasonally adjusted.
Advance estimate.
§The
term "business" here includes only manufacturing and trade; business inventories as shown
on p. S-l cover data for all types of producers, both farm and nonfarm. Unadjusted data for
manufacturing are shown below and on p. S-6; those for retail trade on pp. S-ll and S-12
1
d Revised to incorporate new data for the textile mill products series which, in addition to
1 549
1 808
3 388
1 792
1 087
914
876
21 792
7 728
400
1 577
1 851
3 331
1 797
1 124
923
447
897
6 465
a 179
3' 896
878
3 561
'933
91 055
7 634
21 978
7 611
441
431
1 ^79
1
1 803
3 439
1 811
1 085
1 879
3 616
1*838
1 126
^Qfl
454
959
965
21 814
7 695
955
' 24, 595 23, 330
919
'977
' 3, 506
3,596
' 1 874 1 972
' 2, 179
2,200
'3 875
' 3, 653
' 7, 056
' 4 013
'975
3 539
3,258
6,523
3 897
933
29 891 r 23 048 T 22 727 '21 693 21 579
8 144 r 8 161 r 8* 112 ' 7 937 7 689
40-1
385
431
' 427
415
1 752
1 824
1 755 ' 1 634 1,558
1 922
1 945
1 931 ' 1 891 1 882
3 795
3 762
3*622 ' 3 364 3,660
1 °.9Q ' 1 773 1 713
1 796
1 791
n
1 126
1I 5
1 120 ' 1 061 1,075
1 573
1 928
3 457
1 739
1 138
408
3 532
3 641
6 204
3 488
967
21 390
7' 629
1 515
1 891
3 342
1 745
1 086
91
23 575
1 006
3 538
1 911
2 142
537
590
509
966
791
1 416
1 787
3 148
1 704
1 009
398
3
3
5
2
865
9j 535
7 490
384
23, 019
1 067
3,485
1 870
2 227
829
90 060
7' 085
1 908
7 571
r
93
46 067 '46 302 ' 46, 288
1 035
AZ. Ofi"*
47
99
.92
91
45 854
3 169
3 149
5 822
3 713
r
.55
1.39
1.92
1.15
44 598
204
852
460
470
806
1.26
1 38
1 91
1 14
41 455
40
39
73
46
9
'1.24
1.39
1.90
1.15
538 946
1 QQO
r 1 25
1.35
1 80
1.14
527 629
943
1.00
.60
.46
.20
.60
do
998
.59
1 05
.20
.58
1 201
qcn
1.72
2.14
2.13
.59
.99
.56
.63
' .45
1 016
928
1.53
1.71
.20
1 21
1 60
90
1.52
r
r 58
1.36
1 82
1 15
88
82, 858
54,041
28, 817
37, 130
16,238
20, 892
21, 624
12, 500
9,124
1.55
1.09
.50
.20
.61
49
20
60
r 82,425
' 53,930
' 28,495
36, 682
15, 977
20, 705
r 21,635
' 12,543
r 9,092
'.60
49
20
60
1 20
1 60
1 20
1 60
1 40
.66
.64
1 36
1 81
1 15
1 36
1 83
1 13
1 42
1 98
1 16
50
20
62
92
59
50
20
61
1 44
2 05
1 16
92
59
59
50
20
62
1 44
2 01
1 17
on
64
.62
QAQ
Nondurable goods industries totaled 9
Food and kindred products
Tobacco products
Textile mill products cf
Paper and allied products
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products
1 55
1 58
1 56
12 850
do
do
do
do
do
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts..
Instruments and related products
81,796
53,506
28, 290
36, 474
15, 728
20, 746
21,061
12,258
8,803
80 119
51 809
28 310
36, 087
15, 661
20 426
20 599
11,981
8 618
50
20
69
91
80, 841 81, 106
52, 572 52, 918
28, 269 28, 188
36, 143 36,217
15,711 15, 681
20 432 20, 536
20, 810 20, 945
12,069 12, 202
8,743
8,741
80 341
51 784
28 557
36 263
15 904
9
0 359
20 587
11 989
8 598
1 39
1 92
1 15
85
139,331 ' 140,742 141, 612
81, 033
52, 784
28 249
36 028
15 503
20 525
20, 789
12, 099
8 690
80 059
61* 593
28 466
36 236
16* 033
20 203
20 785
12 162
8 693
50
20
61
49
20
61
137,794 138,268
80 603
52 346
28 257
35 997
15 549
20 448
20 511
12,038
8 473
430
216
214
526
142
384
859
105
754
11 437
Machinery, except electrical
Electrical machinery
Transportation equipment
Motor vehicles and parts
Instruments and related products
Shipments (seas, adj.), totaled
By industry group:
Durable goods industries, total 9
Stone, clay, and glass products.
Primary metals __
Blast furnaces, steel mills. .
Fabricated metal products
1 79
2 25
.59
87
52
137,111 137,850
136 304 136 491 136,815 137 080 137,191 136,805
932
r
44 233 '46 108 '48 342
421
1 592
1 870
3 638
1 762
1 136
1 637
1 839
3 578
1 780
1 088
'3 996
r 3 595
5 929 ' 6 772
3* 184 ' 3 855
'904
929
3 737
q AM
938
3, 902
3 584
6 642
3,774
1,052
r
22 621 23, 052 22, 839
8 090 '8 295 8,029
425
'437
414
1 P&.x\
i RQO. ' 1 734 1 712
1,981
1 949 ' 2, 021
1 876
3,843
3 773 r 3 797
3 666
1*835 ' 1 740 1,700
1 776
1 149 ' 1 134 1,150
1 110
21 622 r 21 922
7 690 T 7 809
432
23 487
1 028
3 620
1 992
2 180
966
3 475
1 885
2 094
48, 058
'25 290 25 219
1,160
' 1, 187
'3 826 3, 718
2,004
' 2, 097
2,463
' 2,351
415
r
being reviewed and corrected, reflects revisions resulting from benchmarking the series to the
1966 Annual Survey of Manufactures and the computation of new seasonal factors. Revised
data back to 1962 for all industry groups, as well as higher level industry totals, reflecting
benchmarking to the latest data available will be shown later.
9 Includes data for items
not shown separately.
SURVEY OF CURRENT BUSINESS
S-6
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1968
1967
| 1967
Annual
March 1968
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Shipments (seas, adj.)— Continued
By market category:
Home goods and apparel cf
mil $
Consumer staples _
do
Equipment and defense prod., excl. auto.do
Automotive equipment
do
Construction materials and supplies
do
Other materials and sup plies cf
do
Supplementary market categories:
Consumer durables
do
Defense products
do
Machinery and equipment —
do
Inventories, end of year or month:1
Book value (unadjusted) total o'
Durable goods industries, total
Nondurable goods industries, total cf
Book value (seasonally adjusted) total rf
By industry group:
Durable goods industries, total?
Stone clay and glass products
Primary metals
Blast furnaces steel mills
Fabricated metal products
149,716
49, 388
H10,451 116, 303
i 67, 889 73,207
i 52, 045 47, 804
i 38, 947 37, 971
1 208, 551 214, 273
4,161
9,344
5, 718
4,052
3,264
17, 717
4,116
9,346
5, 703
3,844
3, 253
17, 509
4,215
9,532
6,000
4,004
3, 297
17, 615
4,044
9,555
5,816
4,005
3,039
17, 307
4,183
9,684
5,925
4,324
3,023
17, 553
4,156
9,608
6, 026
4,360
3,006
17, 551
4,123
9,659
6,163
3,999
2,979
18, 247
4,002
9,708
6,223
4,381
3, 150
17, 983
4,000
9,630
6,258
3,709
3,187
17, 787
3,996
4,135
' 9, 775 '10,143
6,175
6,396
3,209
3,670
3,122
3,275
17, 956 18,489
' 4, 386
'10,351
'6,855
'4,355
' 3, 504
'18,891
4,476
10, 115
6,760
4,235
3,522
18, 950
121,212
i 33, 240
i 53, 220
21,979
38, 419
56,139
1,810
2,876
4,615
1,777
2,897
4,562
1,863
3,135
4,630
1,719
2,988
4, 524
1,763
3,162
4,538
1,796
3, 145
4,644
1,855
3,218
4,776
1,826
3,284
4,775
1,833
3,312
4,768
1,855
3,278
4,643
1,893 '2,012
3,652
3,450
4,762 '4,975
1,993
3,644
4,957
do
do
do
77, 108
49, 432
27, 676
81,898
53, 262
28, 636
78, 591
50, 433
28, 158
79, 523
51,274
28, 249
79, 866
51, 580
28, 286
80, 518
52, 107
28, 411
80, 965
52, 558
28, 407
80, 608
52, 346
28, 262
80, 328
52, 194
28, 134
80, 713
52, 631
28, 082
80, 363
52, 287
28, 076
80, 662
52, 541
28, 121
81,232 '81,898
52,925 '53,262
28,307 '28,636
82, 831
53, 826
29, 005
do
77, 581
82, 425
78, 600
79, 105
79, 430
80, 059
80, 341
80, 119
80, 603
81, 033
80, 841
81, 106
81,796 '82,425
82,858
53, 506
1,785
7,476
4,282
5,326
'53,930
' 1, 789
' 7, 519
' 4, 318
'5,368
54, 041
1,795
7,576
4,362
5,256
do
do
do
do
do
50, 037
1, 746
7,109
4,043
5,314
53,930
1,789
7,519
4,318
5,368
50, 620
1,772
7,140
4,088
5,272
51,079
1,787
7,174
4,137
5, 295
51,216
1,794
7,213
4,128
5,273
51,593
1,819
7,338
4,204
5,269
51, 784
1,842
7,451
4,243
5,229
51, 809
1,847
7,478
4,242
5, 162
52, 346
1,835
7,495
4,257
5,142
52,784
1,813
7,482
4,265
5,179
52, 572
1,769
7,440
4,248
5,230
52,918
1,792
7,464
4,273
5,268
Machinery except electrical
do
Electrical machinery
do
Transportation equipment
do
Tvlotor vehicles and parts
do
Instruments and related products _ _ do
9,912
7.653
11,369
3,538
2,214
10, 495
7,869
13, 510
3,653
2,395
10, 029
7,799
11,717
3, 608
2,211
10,117
7,857
11,921
3,640
2,222
10, 152
7,825
12, 004
3,533
2.251
10, 173
7,783
12, 164
3,454
2,290
10, 234
7,755
12, 184
3,398
2,303
10, 275
7,682
12, 236
3,302
2,301
10, 313
7,730
12, 706
3, 568
2,313
10, 362
7,765
13, 082
3,781
2,316
10, 451
7,749
12, 824
3,528
2,328
10,425
7,830
12, 941
3,568
2,357
10, 540 '10,495
7,880 '7,869
13,232 '13,510
3,675 ' 3, 653
2,359 ' 2, 395
10,435
7,908
13, 696
3,775
2,354
By stage of fabrication:
Materials and supplies 9
do
Primary metals
do
Machinery (elec. and nonelec. ) _ _ _ d o
Transportation equipment
do
Work in process 9
do
Primary metals
do
Machinery (elec and nonelec ) do
Transportation equipment
do
Finished goods 9
do
Primary metals
do
Machinery (elec. and nonelec.) _. -do
Transportation equipment
do
14, 802
2, 603
4,877
2,477
22, 263
2 477
7,853
7,512
12, 972
2 029
4,865
1, 380
14,909
2,608
4,735
2,585
25, 099
2,738
8,217
9,447
13,922
2,173
5,412
1,478
14,880
2,640
4,937
2,499
22, 643
2,455
7,911
7,352
13, 097
2,045
4,980
1, 366
14, 856
2,638
4,910
2,519
22, 967
2,489
7,949
8,028
13, 256
2,047
5,115
1,374
14, 748
2,642
4,859
2,425
23, 140
2,470
7,981
8,220
13, 328
2,101
5,137
1,359
14, 721
2,705
4,781
2,363
23,423
2,510
7,987
8,439
13,449
2,123
5,188
1,362
14, 576
2,706
4,719
2,343
23, 592
2,607
8,014
8,442
13, 616
2,138
5,256
1,399
14, 485
2,693
4, 664
2,331
23, 704
2,646
8,065
8,488
13, 620
2,139
5,228
1, 417
14, 536
2,668
4,728
2,382
24, 139
2,704
8,056
8,922
13, 671
2,123
5,259
1,402
14, 668
2,626
4,725
2,591
24, 215
2,713
8,083
8,997
13, 901
2,143
5,319
1,494
14, 597
2,579
4,708
2,512
24, 143
2, 680
8,117
8,894
13, 832
2,181
5,375
1,418
14, 718
2,539
4,748
2,552
24, 370
2,723
8,162
8,957
13,830
2,202
5,345
1,432
14, 806
' 2, 560
4, 780
2,578
24, 721
2,715
8,184
9,223
13,979
2,201
5,456
1,431
'14,909
' 2, 608
'4,735
' 2, 585
'25,099
' 2, 738
' 8, 217
' 9, 447
'13,922
' 2, 173
' 5, 412
'1,478
14,934
2, 585
4,737
2,694
25, 162
2,720
8,319
9,496
13, 945
2,271
5,287
1, 506
27, 544
6,394
2 343
3,017
2,271
5,039
1,869
1,402
28, 495
6,561
2,392
3,169
2,272
5, 451
1,980
1,409
27, 980
6,593
2,336
3,039
2,265
5,145
1,930
1,444
28, 026
6,594
2,376
3,060
2,272
5,175
1,925
1,427
28, 214
6,669
2,389
3,078
2,286
5,203
1,915
1,446
28, 466
6,756
2,383
3,101
2,300
5,290
1,950
1,453
28, 557
6,737
2,377
3,101
2,305
5,412
1,960
1,428
28, 310
6,634
2,380
3,108
2,310
5,381
1,918
1,415
28, 257
6,662
2,373
3,096
2,310
5,383
1,935
1,402
28, 249
6,512
2,366
3,133
2,307
5,400
1,923
1,398
28, 269
6,391
2,348
3,160
2,300
5,433
1,920
1,389
28, 188
6,425
2,338
3,128
2,279
5,407
1,925
1,398
28,290
6,489
2,326
3, 123
2,285
5,454
1,930
1,419
'28,495
' 6, 561
' 2, 392
' 3, 169
' 2, 272
' 5, 451
' 1, 980
' 1, 409
28, 817
6,783
2,366
3,231
2,264
5,479
2,038
1,424
10, 501
4,306
12, 737
10,444
4,606
13, 445
10, 628
4,320
13, 032
10, 565
4,317
13, 144
10, 649
4,318
13, 247
10, 747
4,302
13, 417
10, 808
4,341
13, 408
10, 783
4,385
13, 142
10, 667
4,340
13, 250
10, 722
4,386
13, 141
10, 711
4,413
13, 145
10, 573
4,520
13, 095
10,543 '10,444
4,572 ' 4, 606
13,175 '13,445
10, 593
4,539
13, 685
do
do
do
do
do
do
8,241
10,476
18, 166
4,358
6,537
29, 803
8,384
10, 910
20, 939
4,437
6,504
31,251
8,395
10, 698
18, 495
4,424
6,493
30, 095
8,411
10, 730
18, 750
4,450
6,512
30, 252
8,390
10, 861
19, 009
4,343
6,491
30, 336
8,373
10,977
19,303
4,263
6,541
30, 602
8,352
10, 994
19, 481
4,171
6,504
30, 839
8,182
10, 922
19, 646
4,060
6,491
30, 818
8,114
10, 946
19, 892
4,297
6,433
30, 921
8,268
10, 755
20, 041
4,523
6,368
31, 078
8,343
10, 647
20, 218
4,251
6, 315
31, 067
8,397
10, 683
20, 356
4,300
6,369
31, 001
8,399
10,749
20,653
4,436
6,430
31,129
'8,384
' 10, 910
'20,939
'4,437
' 6, 504
'31,251
8,528
11, 141
20, 983
4,556
6,478
31,172
do
do
do
4,189
8,732
12, 592
4, 368
10, 781
13, 368
4,311
8,990
12,719
4,328
9,193
12, 801
4,286
9,405
12, 830
4,253
9,615
12,873
4,276
9,744
12,903
4,232
9,839
13, 016
4,228
10, 094
13,037
4,269
10, 218
13,103
4,251
10,213
13, 197
4,348
10, 319
13, 182
4,396 ' 4, 368
10,476 '10,781
13,354 '13,368
4,420
10, 915
13,302
New orders, net (not seas adj ) total cf
Durable goods industries, total
Nondurable goods industries total cf
do
do
do
541, 276
289, 836
251, 440
541, 997
280, 530
261, 467
41, 609
21, 562
20, 047
44, 595
23, 117
21, 478
45, 044
23, 204
21, 840
44, 906
23,157
21, 749
44, 987
23, 600
21, 387
47, 786
25, 830
21, 956
42, 206
21, 754
20, 452
44, 380
22, 268
22, 112
46, 804 '46,705 '45,875 '47,100
23,888 23, 660 23,096 '25,394
22, 916 '23,045 '22,779 '21,706
45, 514
23, 957
21, 557
New orders, net (seas, adj.), totalcf
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, missiles, and parts
43, 205
43, 390
43, 516
43, 689
45, 546
45, 881
45, 786
45, 621
45, 128 '45,296 '46,208 '49,660
47,376
do
do
do
do
do
do
do
do
289, 836
46, 879
24, 285
26, 743
42, 677
42, 269
79, 861
27, 503
280, 530
42, 216
22, 403
26, 542
42, 944
41, 208
75, 557
28,936
22, 072
3,315
1,495
2,049
3,391
3,552
5, 577
1,833
22, 329
3,427
1,805
2,224
3,266
3,362
5, 799
2,291
22, 065
3,013
1,434
2,247
3,351
3,273
5,911
2,207
22,226
3,236
1,701
2,136
3,429
3,196
6,140
2,228
23,857
3,606
2,020
2,106
3,497
3,250
7,209
2,763
24, 263
3,591
1,886
2, 108
3,590
3,455
7,327
3,067
23, 715
3,646
1,994
1,979
3,564
3,579
6,697
2,469
23, 726
3,470
1,794
2,254
3,945
3,640
5,950
1,705
23, 416
3,612
1,971
2,009
3,679
3,554
6,019
2,362
'26,492
' 4, 120
'2,394
'2,936
'3,875
' 3, 569
' 7, 101
2,883
24, 614
3, 911
2,247
2,282
3,818
3,447
6,522
2,287
do
do
do
251, 440
68, 560
182, 880
261, 467
69, 276
192, 191
21, 133
5,731
15, 402
21,061
5,613
15, 448
21,451
5,640
15,811
21, 463
5,680
15,783
21, 689
5, 756
15,933
21, 618
5,667
15, 951
22, 071
6,007
16, 064
21, 895
5,873
16, 022
21, 712 '21,915 22, 663 '23,168
5,820
6,033 ' 6, 291
5,848
15, 892 '16,067 '16,630 ' 16, 877
22, 762
5,951
16,811
4,028
9,555
5,685
3,962
3,099
17, 360
4,105
9,685
6,560
4,503
2,991
17, 702
4,163
9,614
7, 047
4,333
2,976
17, 748
4,101
9,663
6,230
4,077
2,951
18, 764
4,057
9,713
6,230
4,288
3,305
18,028
4,007
9,630
6,374
3,712
3,111
18, 294
4,064 '4,401
4,032
' 9, 765 '10,148 '10,342
7,249
5,920 ' 7, 601
3,231
3, 706 ' 4, 314
3,249
3,415 ' 4, 115
17, 770 18,955 '18,887
4,486
10, 081
6,143
4,305
3,193
19, 168
1,712
3,273
4 443
1,728
3,865
4 607
1,829
4, 201
1, 814
3,641
4 853
1,859
2,841
5 OKS
1,810
3,712
4 fifi*
'2,020
' 3, 973
1,982
3,357
4.876
Nondurable goods industries, total 9 cfdo
Food and kindred products
do
Tobacco products
do
Textile mill productscf
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 suppliescf
do
Work in processed
do
Finished goodscf
do
By market category:
Home goods and appareld"
Consumer staples
Equip, and defense prod., excl. auto
Automotive equipment
Construction materials and supplies
Other materials and suppliescf
Supplementary market categories:
Consumer durables
Defense products
Machinery and equipment
Nondurable goods industries totalcf
Industries with unfilled orders 0o"
Industries without unfilled orders!
do
i 541,276 1541,997
By market category:
Home goods and apparel cf
do
i 49, 821 i 49, 160
4,111
4,044
4,167
Consumer staples.
do
1110,454 1 116, 306
9,344
9,348
9,529
Equip, and defense prod excl auto
do
i 75, 275 i 75, 520
5,192
5,756
5,760
Automotive equipment
do
i 52, 058 i 47, 308
3,851
3,610
3,830
Construction materials and supplies
do
i 39, 413 138,812
3,177
3,307
3,293
Other materials and suppliescf
do
1 214, 255 1214,891 17, 474 17, 325 16, 993
Supplementary market categories:
Consumer durables
do
i 21, 318 i 21, 799
1,826
1,698
1,748
Defense products
do
i 40, 469 i 42, 103
2,846
3,330
3,235
Machinery and equipment
do
i 56. 770 i 55. 693 . 4. 545
4 949
4 315
r
2
Revised.
i Based on data not seasonally adjusted.
Advance estimate.
9 Incudes data for items not shown separately.
cf See corresponding note on p. S-5.
0Includes textile mill products, leather and products, paper and allied products, and printing
and publishing industries; unfilled orders for other nondurable goods industries are zero.
4 7Q4
23, 381
3,467
1,905
2,246
3,588
3,473
6,241
3,023
1,906
4,093
4 fi14
23, 545
3,783
2,091
2,334
3,840
3,315
5,673
2,072
1,857
3,063
4 7Q1
' 4. 827
HFor these industries (food and kindred products, tobacco products, apparel and related
products, petroleum and coal products, chemicals and allied products, and rubber and plastics
products) sales are considered equal to new orders.
SURVEY OF CUEEENT BUSINESS
March 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1967
Jan.
Annual
S-7
Feb.
Mar.
Apr.
May
June
1968
July
Sept.
Aug.
Oct.
80,580
77, 510
3,070
81,217
78,150
3,067
80,795 "81, 628
77,676 ••78,495
3,119 '3,133
82, 232
79, 120
3,112
Nov.
Dec.
Jan.
Feb.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS— Continued
Unfilled orders, end of year or month (unadjusted),
tot alf
mil $
Durable goods industries, total
do
Nondur goods ind. with unfilled orders® ^ do
78 449
75,315
3,134
81 628
78, 495
3,133
Unfilled orders, end of year or month (seasonally
adjusted), totalj
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, missiles, and parts
do_ _
79, 675
82,872
78,623
78,239
77,093
77,014
77 869
79044
79,622
79,832
80,390
81,455
81,555 '82,872
82, 188
76,415
6,909
3, 305
6,221
12,816
12, 279
32,350
26,056
79, 597
6,527
3,497
7,084
12, 626
12, 577
34, 884
29, 733
75 427
6 466
2 880
6,135
12, 716
12 368
32,046
26, 061
75 131
6 274
2 882
6,144
12, 497
12 394
32 158
26, 505
74 060
5 771
2 529
6 119
12, 359
12 232
32* 009
26 649
74,016
5,569
2,487
6,176
12,335
12,206
32,237
26,971
74 973
5 741
2 716
6,189
12, 376
12 133
33 066
27, 667
76 185
5 870
2 847
6 205
12 449
12 230
33 929
28 646
76 710
5 935
2,936
6,116
12, 426
12 341
34, 453
29,024
76 801
5 886
2 890
6,277
12, 699
12 558
33 826
28 520
77, 268
6,078
3,082
6,193
12, 688
12, 700
33, 935
28, 661
78,340
6,070
3,102
6,345
12,645
12,779
34,811
29, 509
78,396
6,233
3, 201
6,499
12,747
12,604
34,555
29,314
' 79, 597
' 6, 527
' 3, 497
'7,084
'12,626
'12,577
'34,884
29,733
78,990
6,720"
3,740
6,902
12, 541
12, 441
34, 764
29, 558
Nondur. goods ind. with unfilled orders© 1_.do
3,260
3,275
3,196
3,108
3,033
2,998
2,896
2,859
2,952
3,031
3,122
3,115
3,159
'3,275
3,198
2, 208
42, 205
6,493
28, 769
1,981
44, 047
7,381
29, 463
2,214
41,479
6,405
28, 525
2,146
41, 297
6,457
28, 339
2,037
40, 886
6 454
27, 716
2,022
40,709
6,513
27, 770
1,946
41, 522
6,482
27, 919
1,960
42, 517
6 450
28, 117
1,943
42, 662
6,424
28,633
2,003
42, 574
6, 579
28, 676
2,011
42, 692
6,501
29, 186
2,038
43, 786
6, 630
29,001
1,973
43,346
6,768
29,468
'1,981
'44,047
'7, 381
'29,463
1,959
43, 501
7,051
29,677
1,704
31, 765
19,614
1,515
35, 433
19, 162
1,720
31, 735
19,545
1 644
32 167
19, 224
1 526
32 268
18, 909
1 520
32 552
18^830
1 485
33 253
18,898
1 519
34 309
19^047
1 479
34 732
19, 124
1 511
34 288
19,407
1 488
34 687
19, 307
1 540
35 503
19, 278
1 505 ' 1 515 1 504
35 116 '35 433 35 148
19,306 '19,162 19, 079
200 010
206, 569
18, 714
16, 703
15 225
15 987
19 036
16 244
16 511
16* 760
18 700
17 627
18 591
17 799
13, 061
12, 364
1,191
1 216
1 216
1 160
1 100
1 047
843
1 017
913
949
881
831
844
1,368
2,510
1,852
6,076
1,255
1,329
2,261
1,832
5,696
1,246
113
223
171
558
126
152
236
160
555
113
128
227
190
557
114
125
238
149
519
129
119
193
157
515
116
105
180
163
500
99
82
132
129
405
95
98
159
172
490
98
93
152
145
431
92
108
197
130
426
88
102
166
133
393
87
104
158
133
347
89
90
159
149
354
92
93,370 104, 643
72, 551 108, 901
93, 943
81,633
69, 977 195, 448 104, 491
10
16
26
26
13
4
16
27
17
7
6
11
29
37
9
344
536
177
769
117
11 052
14 192
14 705
33 652
8 032
7
15
20
19
7
By market category:
Home goods, apparel, consumer staples?, .do....
Equip. and defense prod., incl. auto
_do
Construction materials and supplies
_do
Other materials and supplies?.
do
Supplementary market categories:
Consumer durables
_ _
do
Defense products
_ _
do
Machinery and equipment
do
BUSINESS INCORPORATIONS^
New incorporations (50 States and Dist. Col.):
Unadjusted
number
Seasonally adjusted
._
do
INDUSTRIAL AND COMMERCIAL
FAILURES^
_
number
Failures, total
Commercial service
_
Construction
Manufacturing and mining
Retail trade.. _ _ _ _ _
Wholesale trade...
_
Liabilities (current), total
do
do
_ _ do
do
do
78 607
75 485
3 122
78 600
75 536
3,064
77 791
74 795
2 996
77,633
74,609
3,024
____thous. $.. 1,385,659 1,265,227 108, 172 113, 450 119, 322 103,817
Commercial service
do
Construction __ •
do
Manufacturing and mining _
do
Retail trade
do
Wholesale trade .
do
Failure annual rate (seasonally adjusted)
No. per 10,000 concerns..
185, 202
326, 376
352, 861
344,346
176, 874
144, 965
323, 680
325, 869
334, 279
136, 434
8,044
19, 361
32, 818
27, 301
20, 648
251.6
249.0
54.9
12
25
32
32
10
746
050
325
887
442
10 086
38 928
29 321
32 652
8 335
57.1
49.7
9
29
27
25
12
767
058
489
367
136
52.1
77 701
74 679
3 022
280
046
912
307
825
48.6
79927
76 908
3 019
78703
75 732
2 971
6
26
26
27
16
896
912
062
931
842
80 231
77, 187
3,044
15 415 17 332 16 222 17 233 16 065 17 525
!6 300 r 17' 674 '18 118 '18 000 '18 403 '18 168
r
690
191
100
062
508
12
12
33
37
12
310
758
294
g6i
678
025
780
678
110
384
45
97
25
16
9
20 438
17 °23
725
868
988
380
487
7 398
23 366
31 131
°0 339
22 257
48.6
43.2
49.3
49.1
47.4
42.2
43.2
38.2
255
227
257
225
256
224
252
217
9
251
224
250
227
253
231
255
232
COMMODITY PRICES
PRICES RECEIVED AND PAID BY
FARMERS
Prices received, all farm products
1910-14=100..
Crops9
do
Commercial vegetables
do
Cotton
_
do
Feed grains and hay
do
Food grains. _
_
do
Fruit
do
Tobacco
do
Livestock and products 9
do
Dairy products
do
Meat animals
do
Poultry and eggs.
do
Prices paid:
All commodities and services
do...
Family living items
,_ _
do
Production items ....
_ _
do
All commodities and services, interest, taxes, and
wage rates (parity index)...
1910-14=100
Parity ratio §._.
._.___
do
CONSUMER PRICES
(U.S. Department of Labor Indexes')
Unadjusted indexes:
All items
1957-59—100
Special group indexes:
All items less shelter
_
do
266
235
252
224
do
do
do
do.
do
do
_ _ do o
_d
252
223
250
224
245
223
252
221
305
173
183
185
193
558
264
291
319
130
276
167
183
188
197
558
279
288
351
126
322
169
184
179
217
558
279
288
353
123
326
178
178
167
203
558
285
292
358
133
277
186
166
169
256
560
283
302
352
128
303
321
304
323
303
323
288
215
181
185
243
553
292
293
356
161
284
191
174
177
227
554
276
304
335
132
288
168
186
187
206
556
281
311
330
152
280
175
184
179
199
561
276
306
328
142
276
173
186
189
199
561
272
300
323
144
297
315
302
321
300
319
287
'300
'319
'286
289
301
318
302
320
288
289
290
339
75
338
75
338
74
340
72
341
74
342
75
344
75
114 8
115 0
115 3
1 -I r e
116 0
116 5
285
287
334
80
342
74
113 1
116 3
115.9
116.8
115.0
111.2
114.0
113.1
104.3
98 1
121,
121.5
r
Revised.
»Advance estimate.
2 Based on unadjusted data.
,
11 See note marked "rf«" on p. S-5.
0 See corresponding note 01 p.
on
9 Includes data for items not shown separately.
All items less medical care..
Commodities.
Nondurables
Nondurables less food
Durables9
New cars
Used cars
used
255
225
112.9
113.0
112.3
109.2
111.8
109.7
102.7
97 2
117.8
117. 8
m
7
114.2
114.8
113.6
109.9
112.7
111.0
102.7
97 6
113.0
S-6.
114.3
115.2
113.7
109.9
112.7
111.5
102.8
97 3
114.0
301
318
291
24
180
167
167
266
537
283
31°
344
133
252
230
160
173
263
537
275
320
330
122
275
257
154
168
250
544
269
321
316
122
288
233
160
169
277
557
272
321
318
129
362
189
162
170
284
559
274
316
324
132
303
325
304
327
303
323
304
324
302
325
289
289
289
286
287
342
75
343
73
344
73
343
73
344
74
117 1
117 5
117 8
118 2
1 I (•
Q
258
229
344
168
165
173
287
560
282
314
342
131
306
329
288
290
346
348
74
74
118.6
118.2
119.3
117.3
113.2
116 0
115.1
106.3
101.0
125.8
117.7
117.5
117.1
116.7
115.6
116.1
114.6
116.5
114.8
115.1
118. 2
118.7
117. 7
116.5
116.8
115.4
115.9
117. 1
116.3
116.8
116.5
116.2
115.8
114.1
114.8
115.2
113.8
114.4
115. 6
112.9
112.4
112.6
112.0
111.5
111.9
110.0
110.2
111.0
110. 5
115. 6
115. 1 115.3
114.9
114.3
112.9
113.8
114.8
113.2
113.0
115.2
115. 2
114.1
114.5
112.4
111.8
112.7
112.8
113.2
112.7
106.1
106.0
105. 7
104.8
104.4
103.4
104.1
102.9
104.7
103.9
101.3
101 1
101. 4
96 1
97 2
96 8
97 0
96 9
97 0
96 9
124.8
125.6
126. 0
126.2
124.8
122.4
125. 2
115.9
118.8
121.4
d" Compiled by Dun & Bradstreet, Inc. (failures data are for 48 States and Dist. Col.).
§ Ratio of prices received to prices paid (parity index).
SURVEY OF CURRENT BUSINESS
S-8
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967 v
March 1968
1967
Annual
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.p
COMMODITY PRICES—Continued
CONSUMER PRICES-Continued
(U.S. Department of Labor Indexes— Continued)
Unadjusted indexes— Continued
Special group indexes— Continued
Commodities less food
1957-59 = 100-.
S e r vices
-.. _ - _ _ d o
Services less rent
do
Food 9
do
Meats, poultry, and
fish...
-do
Dairy products
do
Fruits and vegetables
do
Housing
. do
Shelter 9
do
Rent
do
Homeownership
do
Fuel and utilities 9
do
Fuel oil and coal
do
Gas and electricity
do
Household furnishings and operation—- do
Apparel and upkeep
do
Transportation
do
Private
do
Public
do
Health and recreation 9
do
IVIedical care
do
Personal care
do
Reading and recreation
do
Seasonally adjusted indexes:
Food
do
Apparel and upkeep
do
Transportation
do
WHOLESALE PRICES &
(U.S. Department of Labor Indexes)
Spot market prices, basic commodities:
22 Commodities
1957-59=100
9 Foodstuffs
do
13 Raw industrials
_ _ ___
do _
All commodities _
do
By stage of processing:
Crude materials for further processing
do
Intermediate materials, supplies, etc
do
Finished goods O— .
do
By durability of product:
Durable goods
do
Nondurable goods
_
do
Total manufactures .
_____ _
do _
Durable manufactures
do___
Nondurable manufactures
do
Farm prod., processed foods and feeds
do
109.2
127.7
131.1
115.2
111.2
116.7
117.5
114.3
117.9
112.4
120.2
109.0
111.6
108.5
108.2
114.0
115.9
113.9
132.1
123.8
136.7
115.5
120.1
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
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
107.8
126.3
129.5
114.2
110.0
115.7
115.2
113.3
116.6
111.8
118.6
108.7
111.1
108.3
107.3
112.6
114.2
112.2
130.5
122.2
134.6
114.4
118.9
108.4
126.6
130.0
113.7
109.0
115.7
114.2
113. 6
116.9
111.9
119.0
108.8
111.0
108.4
107.7
113.0
115.1
113.2
130.6
122.6
135.1
114.9
119.4
108.7
127.0
130.4
113.9
108.5
115.9
116.4
113.9
117.5
112.1
119.7
108.7
110.8
108.3
107.9
113.8
115.5
113.6
130.9
122.8
135.7
115.0
119.6
108. 9
127.4
130. 8
115.1
111.6
116.3
119.9
114.1
117.7
112.2
119.9
108.6
110.5
108.2
108. 1
113.9
115.7
113.7
132.2
123.2
136.3
115.3
119.7
109.1
127.7
131.2
116.0
112.3
116.4
124.4
114. 3
117.9
112.4
120.2
108.9
111.4
108.3
108.2
113.7
116.2
114.1
132.7
123.6
136.9
115.5
119.8
109.4
128.2
131.7
116.6
113.1
116.6
122.7
114.7
118.4
112.6
120.8
109.1
111.7
108.5
108.3
113.8
116.4
114.4
132.8
124.2
137.5
116.1
120.0
110.0
128.7
132.3
115.9
113.4
117.3
115.6
115.0
118.7
112.8
121.1
109.4
112.3
108.9
108.8
115.1
116. 8
114.8
133.0
124.9
138.5
116.4
120.5
110.6
129.1
132.7
115.7
112.3
117.9
115.3
115.3
119.0
113.0
121.5
109.4
112.5
108.9
109.1
116.0
117.7
115. 7
133.0
125.5
139.0
116.5
121.4
111.1
129.6
133.2
115.6
111.4
117.8
116.7
115.5
119.4
113.2
121.9
109.3
112.7
109.0
109. 3
116.6
118.3
116.2
134.6
126.2
139. 7
116.9
122.0
111.1
130.1
133.8
116.2
111.2
118.1
119.6
116.0
119.9
113.5
122.6
109.3
113.1
108.7
109.7
116.8
117.9
115.8
134.9
126.6
140.4
117.2
122.2
111.2
130.8
134.6
117.0
111.6
118.5
124.1
116.4
120.2
113.7
122.9
109.5
113.7
108.9
110.6
115.9
118.7
116.6
135.5
127.1
141.2
117.6
122.7
114.9
111.9
113.2
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
114.0
112.3
114.3
114.3
112.9
114.5
113.9
113.1
115.3
114.5
113.7
115.6
115.3
113.9
115.9
115.0
114.2
116.0
115.8
114.3
116.3
115.6
114.9
117.0
115.8
115.4
117.3
116.1 r 116. 4
116.2
115.9
117.7
117.8
117.2
116.6
118.5
96.2
90.7
100.1
96.1
90.9
99.8
96.4
92.2
99.5
107.8
i 109. 5
i 101.9
1115.2
198.1
194.7
1 100. 4
102.9
97.5
106.8
102.0
97.5
105.2
100.0
96.3
102.5
98.1
95.3
100.1
99.0
98.1
99.6
98.8
97.3
99.8
97.1
95.4
98.3
96.7
94.6
98.1
95.9
93.4
97.8
95.0
91.2
97.7
95.1
89.5
99.1
105.9
106.1
106.2
106.0
105.7
105.3
105.8
106.3
106.5
106.1
106.2
106.1
106.2
106.8 ' 107. 2
105.3
104.8
106.9
99.6
105.6
108.2
101.9
105.6
107.7
100.8
105.5
107.6
99.7
105.5
107.2
98.0
105.5
107.0
100.6
105.3
107.6
101.4
105.4
108.4
101.7
105.4
108.7
99.5
105.4
108.3
98.5
105.7
108.7
97.9
105.7
108.6
96.5
105.9
108.9
98.6
106.3
109.3
99.1
106.7
109.7
106.0
105.6
105.7
106.0
105.3
108.0
104.7
106.7
108.2
105.3
107.4
105.2
106.4
107.5
105.3
107.6
104. 7
106.4
107.7
105.1
107.6
104.2
106.3
107.7
104.8
107.6
103.7
106.2
107.8
104.6
107.5
104.6
106.3
107.7
105.0
107.5
105.4
106.6
107.7
105.6
107.6
105.6
106. 8
107.9
105.8
107.9
104.8
106.8
108.1
105.6
108.2
104.8
107.1
108.4
105. 8
108.7
104.2
107.1
109.0
105.3
109. 1
104.0
107.2
109.3
105.2
109.5
104.8
107.6
109.6
105.6
110.2
105.0
108.1
110.3
105.9
108.9
105.2
107.0
105.7
104.6
103.4
105.0
106.8
107.3
105.2
105.3
104.1
103.4
104.8
105. 3
106.6
101.0
. .-
Farm products 9
do
Fruits and vegetables, fresh and dried-_do
Grains. _ __ _
__
_ _do
Live poultry
do
Livestock . _. _
do
105.6
102.5
97.3
91.4
110.0
99.7
101.6
92.2
82.2
101.0
102.6
101.8
100.7
88.1
101.4
101.0
104.5
95.8
97.1
99.5
99.6
98.4
99.9
90.8
97.4
97.6
99.6
98.3
89.0
94.0
100.7
104.4
98.0
85.6
102.6
102.4
114.3
96.1
85.7
104.9
102.8
107.9
92.6
91.9
107.4
99.2
96.6
86.1
77.3
106.3
98.4
92.2
85.6
72.9
103.5
97.1
91.6
86.6
73.8
101.8
96.4
102.9
81.3
65.6
96.2
98.9
105.0
85.4
68.2
97.6
'99.0
108.1
85.0
78.2
98.7
Foods and feeds, processed 9
Beverages and beverage materials
Cereal and bakery products.
Dairy products
Fruits and vegetables, processed
Meats, poultry, and
fish
113.0
105.8
115.4
118.5
104.8
110. 2
111! 7
106.5
117.1
122.0
107.2
105.0
112.8
105.8
117.6
121.8
105.9
105.4
111.7
105.9
117.3
121.2
104.3
104.7
110.6
105.6
117.5
120.7
104.2
101.7
110.0
105.9
117.2
120.1
104.3
100.6
110.7
106.0
117.4
120.8
105.1
103.8
112.6
106.3
117.2
122.2
106.5
108.3
113.1
106.4
116.9
122.0
107.0
109.9
112.1
106.6
116.8
122.1
107.1
107.4
112.7
106.7
116.6
122.8
107.9
108.6
111.7
107.3
116.8
123.0
109.3
104.7
110.9
107.4
117.0
123.0
112.0
102.2
111.5
107.7
116.9
124.1
113.1
103.2
' 112. 4
107.9
117.1
123.8
113.7
105.5
113.1
104. 7
106.3
105.8
106.0
106.0
106.0
106.0
106.0
106.0
106. 3
106.5
106.8
107.1
107.4
r 107. 8
108.2
Industrial commodities
.___
do
do
_ -do
_ do
_do
do
do _
97.8
102.8
95.7
94.5
102.8
106.8
98.4
103.6
97.4
94.0
81.3
109.3
98.4
104.2
96.6
94.7
92.3
108.7
98.5
105.4
96.9
94.2
89.1
108.7
98.5
105.9
97.0
94.4
81.5
108.8
98.8
105.2
97.6
94.0
85.3
108.8
98.8
105.2
97.5
94.1
82.9
108.8
98.5
105.1
97.2
94.1
79.5
108.8
98.3
103.5
97.2
94.1
77.1
108.8
98.0
101.8
97.1
93.6
77.2
108.8
97.9
101.2
97.1
93.5
77.1
109.9
98.2
101.6
98.3
93.6
78.5
109.9
98.2
101.7
98.3
93.7
77.9
109.9
98.4
102.2
98.3
93.8
77.2
112.2
98.2
99.5
98.5
92.9
76.4
113.2
Fuels and related prod., and power 9
do
Coal
do
Electric power
_. Jan. 1958= 100- _
Gas fuels.. _ _
do
Petroleum products, refined
1957-59=100.-
101.3
98.6
100.3
129.3
99.5
103.6
103.2
100.7
133.6
102.2
102.6
102.3
100.6
134.6
100.3
103.4
102.3
100.6
134.5
101.9
103.7
102.2
100 6
134. 6
102.4
103.3
102.7
100.6
134.8
101.7
104.4
102.6
100.6
135.0
103.7
104.0
102.4
100.5
134.3
103.1
103.9
103.0
100.6
131.8
103.3
104.7
103.0
100.5
132.0
104.6
104.5
104.1
100.7
132.6
103.9
103.0
103.8
100.8
132.7
101.0
102.8
104.8
100.9
132.8
100.4
102.6
104.9
100.9
133.1
99.9
101.8
105.0
101.0
130.0
98.8
Furniture and household durables 9
Appliances, household
Furniture, household _ _ _ _ _
Home electronic equipment
do
do
do
do
99.1
89.1
109.1
83.6
101. 0
90.1
112.8
82.5
100.4
89.6
111.9
83.6
100.4
89.7
112.0
83.5
100.6
89.8
112.4
83.3
100.6
89.8
112.4
83.3
100.8
89.7
112.4
82.9
100.8
90.0
112.4
82.0
100.9
90.1
112.6
81.8
101.0
90.1
112.8
81.8
101.2
90.3
113.0
81.6
101.7
90.5
113.4
82.1
102.0
90.8
114.3
82.2
102.1
90.9
114.3
81.8
103.0
91.1
115.2
81.7
Hides, skins, and leather products 9
Footwear
Hides and skins. . _
Leather
_
Lumbe- and wood products
Lumber
_
do
do
do
do
do
do
119.7
118.2
140.8
121.1
105.6
108.5
115.8
122. 0
94.0
110.5
105.4
108.4
117.9
120.9
110.1
116.9
102.6
104.5
118.0
121.6
107.8
116.3
103.6
105.4
116.9
121.7
98.9
114.6
103.6
106.0
115.7
121.5
88.3
112.9
104.1
106.6
115.2
121.4
87.2
110.9
104.2
107.0
115.6
121.5
95.8
110.2
104.7
108.0
115.2
121.4
93.4
109. 5
105.3
108.3
114.4
121.2
86.8
109.2
106.1
109.0
114.4
121.8
93.2
105.3
108.7
112.0
114.8
123.6
86.8
104.7
107.3
111.2
115.4
123.7
90.4
106.5
106.7
110.9
116.0
124.3
89.7
109.1
107.6
111.8
116.5
125.6
87.3
108.6
108.6
114.0
112.6
111.8
112.2
111.9
111.6
111.6
123.8
122.0
122.2
122.3
121.8
121.9
125.3
122.4
122.4
124.3
121.9
122.1
101.6
101.6
101.5
101.5
101.7
101.8
125.4
124.4
124.4
124.6
123.9
123.6
O Goods to users, incl. raw foods and fuels.
113.2
124.9
126.3
102.3
125.8
113.9
125.8
127.2
102.7
126.1
Chemicals and allied products 9
Agric. chemicals and chem. prod
Chemicals, industrial
Drugs and Pharmaceuticals
Fats and oils, inedible
Prepared paint
do
__do
do
do
do
do
111.8
111.1
111.5
111.2
108.2
Machinery and equipment 9
do
122.3
121.5
118.5
121.7
121.9
Agricultural machinery and equip
do
122.7
118.9
121.3
121.4
121.5
Construction machinery and equip
do
101. 8
101.9
102.2
99.0
101.8
Electrical machinery and equip
do
123. 8
122.2
121.9
118.8
122.6
Metal working machinerv and eauio
do
r
Revised.
* Preliminary.
1 Computed by OBE.
9 Includes data for items not
shown separately.
d"For actual wholesale prices of individual commodities, see respective
111.6
111.6
121.8
121.8
121.9
121.8
101.9
102.3
123.6
122.9
commodities.
SURVEY OF CURRENT BUSINESS
March 1968
1967P
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
Annual
S-9
1968
1967
Jan.
Feb.
Mar.
Apr.
May
June
Aug.
July
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
COMMODITY PRICES—Continued
WHOLESALE PRICES^— Continued
(U.S. Department of Labor Indexes— Continued)
All commodities— Continued
Industrial commodities — Continued
Metals and metal products?
1957-59 ~ 100
Heating equipment
do
Iron and steel
do
Nonferrous metals
do
Transportation equipment 9
Motor vehicles and equipment
Miscellaneous products 9
Toys, sporting goods, etc
Tobacco products
108 9
92 0
103 2
118 9
108 9
92.5
103 3
118.7
109
92
103
118
0
6
4
6
109 2
92.5
103 5
118.9
109 6
92.7
104.0
119.4
109 8
92.9
103.9
120.7
110 5
93.3
104.3
122.7
111. 0
93.4
104.7
123.7
111.7
93.1
105.5
125.1
103 8
103 9
103 8
103 9
104 2
104.5
104.7
104.9
105.1
105.3
106.0
109.3
104 4
103.5
103 3
108 5
95.8
94.9
109. 3
104 5
102 3
103 6
108 5
95.9
94.9
109. 4
104 6
102 3
103 9
109 3
95.9
94.0
109.7
105 2
102 3
103 9
109 5
95.8
94.0
109.7
105 7
100 9
103 9
109 6
95.8
94. 0
109.9
105 8
100.7
104 1
110 9
95.8
94. 0
110.4
105. 8
100.7
104 0
110.9
97.8
110.7
105.9
100.7
104 1
110.9
98.2
110.7
105.9
103.9
104 3
111.2
98.8
111.1
105.6
103.9
104.6
111.2
99.1
111.6
105.8
103.9
104.8
111.2
99.2
111.8
106.5
103.9
105.2
111.2
99.5
98.7
102.0
105 7
102 5
87.1
166 1
104 7
102.0
105 9
101.8
87.1
164 1
104.7
101 8
106 0
101 3
86 9
164 1
104 0
101.8
106 2
100 8
86 8
164 5
102 9
101.6
106 3
100 3
86 3
167 0
103 1
101.6
106 7
99 7
85.8
167 0
103 2
101.5
107 1
98 9
85.5
168 4
103 3
101.7
107.3
98.8
85.9
172.6
102.9
102.0
107 4
99.2
86.3
175 7
102.7
102.2
107 5
99 1
86.9
179 5
102 8
103.0
108 0
101.2
88.1
183 9
102 2
103.8
108.1
104.2
88.6
189 7
102.2
104.3
108.3
105.2
89.3
196 8
102. 3
102.1
109 2
105 6
112 9
101.6
107 9
105 2
110 3
101.6
108 0
105 3
110 3
101
107
104
110
6
7
0
3
101 6
108 0
105 2
110 3
101 6
108 0
105 3
110 3
101
109
105
114
4
6
3
8
101 3
109 7
105 6
114 8
101.3
110 0
105.8
114 8
101 5
110 2
106 1
114 8
103 7
110 5
106 3
114 8
104 0
110 6
106 3
114 8
104.0
110 7
106 4
114 8
104.3
111 0
106 7
114 8
$0. 943
860
$0. 942
872
$0. 943
871
$0. 946
870
$0.950
$0. 945
865
$0. 941
862
$0.939
$0. 943
855
$0. 942
854
$0. 943
851
$0. 942
849
$0. 936
846
$0. 933
843
109 4
92 6
103 0
121 8
109 6
92.3
103 2
122 3
109
92
103
121
104 3
103 6
103 7
110.1
105 3
102.4
104 0
110 0
97.0
96. 2
109.3
103 9
103 5
103 1
108 5
95.6
94. 9
102.1
105 0
102 5
89.5
153 6
106 0
102.1
106 8
100.6
86.8
171 9
103.2
100
106
104
109
8
8
1
6
$0. 945
.884
do
_. do
do
do
do
5
6
6
6
108.4
103 0
102.4
102 6
107 3
94.8
93. 3
do
do
do
do
do
do
109
92
103
120
102 6
Nonmetalllc mineral products 9
do
Clay prod , structural excl refractories
do
Concrete products
do
Gypsum products .
do
Pulp, paper, and allied products
do
Paper. _ _
do
Rubber and products ...
do
Textile products and apparel 9 ._.
Apparel.
Cotton products _ _
_
Manmade fiber textile products
Silk yarns
.
Wool products... _ _.
1
0
2
0
108 3
92.5
102 3
120 9
4
2
3
1
109
92
103
120
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices
Consumer prices
1957-59=$!. 00..
do
867
858
$0. 928
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACE
New construction (unadjusted), total
mil. $
74,371
74, 734
4,991
4 591
5 175
5,740
6 306
6,674
6,982
7,119
7,135
7 065
6 796
Private, total 9
do
Residential (nonfarm)
do
New housing units
do
Nonresidential buildings, except farm and public utilities, total 9 . .
mil $
Industrial
do
Commercial.
do
Farm construction
do
Public utilities 9
do
Telephone and telegraph
do
50 446
49 578
23 583
17 888
3 329
1 381
3 108
1 263
891
3 356
1 422
1 022
3 673
1 642
1 188
4 023
1 868
1 380
4 316
2 no
1 599
4 532
2 280
1 732
4 ggg
2 384
1 810
4 778
2 377
1 835
4 757
2 345
1 848
4 662 r 4 353
2 325 r 2 182
1 857 r 1 742
3 762
1 868
1 465
18 099
6 139
6 983
1 404
1 327
1 357
1 419
1 501
1 509
1 554
1 589
1 678
1 665
1 616
1 330
425
507
1,600
1 629
102
115
139
127
138
151
134
142
140
147
149
145
Public, total 9
23, 925
25 156
1 662
1 483
1 819
2 067
2 283
2 358
2 450
2 423
2 357
2 308
2 134
r 1 816
412
705
694
55
31
49
460
646
53
25
45
376
738
58
28
45
546
818
68
27
44
668
890
73
42
46
784
917
58
45
57
858
925
56
34
64
939
911
57
30
70
910
37
71
37
71
74 8
75 0
73 1
72.0
73 9
72 4
73 4
74.4
76.3
76 9
77 8
r
77. 9
50.2
51 7
r
52 4
54.5
23,815
17,964
18, 607
6,703
6 890
1,225
do
Buildings (excluding military) 9
do
Residential
do
Industrial..
do
Military facilities
do
Highways and streets..
do
New construction (seasonally adjusted at annual
rates), total.
bil $
Private, total 9
8,921
653
369
713
8,359
do
980
492
529
482
490
473
512
464
557
499
597
515
577
541
593
530
597
592
626
494
677
547
663
r
1 489
522
573
1 623
36
70
40
73
80.0
48 3
48 0
46 9
46 0
47 8
48 1
49 2
52 2
52 6
19.9
20 3
20.8
21.1
22 1
22.9
23.7
24.6
25 3
26 0
26 6
26 9
26.9
20.5
Residential (nonfarm)
do
Nonresidential buildings, except farm and public utilities, total 9
bil. $
Industrial
do
Commercial.
do
Public utilities:
Telephone and telegraph
. _
do
19.8
7 1
18.2
61
17 8
6 0
71
17.3
59
6 7
17.6
6 2
6 7
17.6
6 0
18.4
66
18 3
7.2
17.3
5 6
69
6.4
6.7
18.0
5 6
7 2
r
5
r
17 4
9
67
19.4
6.2
7.6
7.1
7.9
7.7
62
7 0
1.6
1.6
1.7
1.5
17
1.7
1.6
1.6
1.7
17
26.5
27.0
26.2
25.9
26.1
24.3
24.2
24.2
24.6
24.7
9.7
.7
.4
.7
9.5
9.5
.8
.3
.8
9.9
g
.3
3
10.1
89
9.9
6
.5
8
8.0
9.9
.6
.4
.7
8.0
.4
8
9o
9.8
7
.5
6
8.2
.5
7
10.2
9.8
g
.3
.6
9.1
2, '838
3,300
4 424
4 389
5 095
5 414
4 879
5 104
4,695
126
143
149
138
154
164
149
165
168
1
Public ownership
mil. $
1,188
1,113
18, 152
20 709
1 509
1
Private ownership
do
2,112
1,725
32 737
31, 998
2 916
By type of building:
1
Nonresidential
do
1,430
1,175
19 393
1 714
20 418
1
Residential
_
do
1,056
937
1 584
17. 827
19 695
1
814
Non-building construction _
do
726
1,127
12, 930
13 333
New construction planning
(En gineerin g News-Record) §
. . .do
5,401
52,112
4,940
4,781
60,094
r
Revised.2
Preliminary.
1 Annual total includes revisions not distributed to
months.
Computed from cumulative valuation total.
<? See corresponding note on
1 498
2 891
3 275
1 820
2 169
1,824
3,245
1 989
2 890
3,280
1,677
3,018
1 830
1 627
1 808
2 002
1,285
2 070
2 000
1,344
1 749
1 829
1 302
1,847
1,912
1,345
1,786
1,741
1,169
Public, total 9
' 6 169 5 385
do
Buildings (excluding military) 9
.do
Residential
do
Industrial..
do
Military facilities
do
Highways and streets
do
CONSTRUCTION CONTRACTS
Construction contracts In 48 States (F. W. Dodge
g
.4
5
16
17
r
25. 2
r
r
25. 6
25.6
8
5
.5
9
5 053
4 258
3,996
171
168
166
159
1,527
3,527
1,435
2,823
1,507
2,490
1,300
2,414
1 874
1 887
1, 292
1 586
1,717
1,550
1,404
1, 042
1,347
1,462
905
Co.) !
Valuation, total
Index (mo. data seas, adj.)
mil $
1957-59=100
1
50, 150
2
145
53 446
931
956
3,714
3,492
5,040
4,053
3,359
5,506
6, 829
4,932 4,295 5,896
4,293 5,809
p. S-8.
9 Includes data for items not shown separately.
§ Data for Mar., June, Aug.,
and Nov. 1967 and Feb. 1968 are for 5 weeks; other months, 4 weeks.
S-10
March 1968
SURVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
| 1967
Annual
1967
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
CONSTRUCTION AND REAL ESTATE—Continued
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total, incl. farm (private and public) --.thous..
One- family structures
do
Privately owned
__
. do
1, 321. 9
844.6
1, 291. 6
61.7
40.6
59.1
63.2
40.4
61.4
92.9
66.6
91.5
115.9
79.9
113.7
134.2
87.4
132.0
131.6
87.7
125.4
126.1
82.4
125.3
130.2
83.8
127. 4
125.8
78.2
121.9
137.0
81.8
135.4
120.2
69.1
118.4
'83.1
'46.7
'80.1
'82.5
44.6
'80.4
do._._ 1, 172. 8
do
807.3
do
1,141.5
Total nonfarm (private and public)
In metropolitan areas .
__
Privately owned
1,196.2
779.5
1, 165. 0
1,298.8
919.2
1, 268. 4
60.4
43.0
57.7
62.0
43.9
60.2
90.7
62.6
89.2
114.2
77.4
112.0
131.9
91.7
129.7
129.6
87.9
123.4
124.9
87.7
124.0
126.5
89.8
123.6
123.4
88.3
119.5
134.6
99.0
133.1
118.6
'84.9
116.8
'82.1
'63.0
'79.1
'81.8
1,111
1, 079
1,149
1,132
1,094
1,067
1,116
1,099
1,274
1,254
1,233
1,214
1,369
1,356
1,407
1,381
1,445
1,415
1, 496
1,478
1,590
1, 567
942
549
894
551
928
558
1,028
578
1, 033
601
1,109
630
1,093
626
1,127
639
1,159
638
1,212
673
1,158
625
Seasonally adjusted at annual rates:
Total, including farm (private only) _. do
Total nonfarm (private only)
do
New private housing units authorized by building
permits (12,000 permit-issuing places) :
Seasonally adjusted at annual rates:
Total..
.
thous
One-family structures.
_ _ _
do
972
563
1,079
613
89.2
86.7
87.3
63; 4
'79.7
84.8
'1,250 '1,453
' 1, 235 ' 1, 427
1,566
1,528
' 1, 102
'630
1,373
701
1,323
702
CONSTRUCTION COST INDEXES
Dept of Commerce composite
American Appraisal Co., The:
Average 30 cities
Atlanta
New York
San Francisco
St. Louis
__ _
1957-59 ~~ 100
121
126
123
123
123
123
124
126
128
129
129
130
129
129
130
1913—100
do
do
do
do
867
941
963
867
852
909
992
1,008
910
903
889
970
992
890
883
891
970
997
890
883
891
970
997
890
883
891
972
997
890
882
899
982
997
890
912
909
982
997
891
912
915
995
1,013
923
912
917
998
1,015
924
912
919
1,001
1,016
928
912
922
1,019
1,019
928
912
930
1,024
1,025
933
916
932
1,025
1,026
937
919
937
1,033
1,044
941
923
127
132
129
129
129
129
130
131
133
133
133
134
134
134
134
134
125. 4
126.3
125.8
123.0
125.5
126.3
125.8
123.1
125.8
126.6
126.1
123.3
127.0
127.9
127.3
124.8
130.1
131.2
130.2
127.9
131.9
133.0
132.2
129.4
132.3
133.4
132.6
130.0
133. 3
134.1
133.8
130.6
133.6
134.5
134.2
130.9
133.8
134.7
134.3
131.2
127.3
140.5
r 127. 8
r 141. 9
' 128. 6 r 129. 3 * 129. 7 ' 130. 1 ' 130. 4
' 143. 3 r 143. 7 ' 144. 2 ' 144. 3 ' 144. 5
131.4
145. 7
1131.8
i 146. 5
. .
Associated General Contractors of America, Inc.,
The (building only)
1957-59=100
E. H. Boeckh and Associates, Inc.: ^
Average, 20 cities:
All tvpes combined
1P57-59— 100
Apartments hotels office buildings
do
Commercial and factory buildings
do
Residences
do
122.1
123 2
122 2
120.1
Engineering News-Record:
Building
__ _
Construction
123.8
134.3
r
r
127.4 ' 124. 4 r 124. 7 r 125. 1 125. 1 ' 126. 4
140.8 ' 136. 7 136. 9 r 137. 3 ' 137. 3 ' 139. 4
113.0
116. 9
_
_
do
do
Bu. of Public Roads— Highway construction:
Composite (avg. for year or qtr.)_._ 1957-59 =100..
125.3
126.2
125.7.
122.9
119.2
123.0
112.3
113 2
CONSTRUCTION MATERIALS
Output index:
Comoosite unadiustedQ
Seasonally adjusted
1947—49 100
do
129.0
137.5
157.6
126. 5
143.1
158.0
163.5
148.9
146.3
164.5
153.3
166.7
155.7
150.5
156.2
180.7
164.4
162.4
155.9
167.2
148.2
172.1
161.4
163.9 ' 152. 0
239.3 ' 182. 2
150.4
157.9
147. 6
136.6
127. 5
169.0
155 0
189.8
163.0
149.5
186.6
143.3
132.7
110.4
132.4
137.1
102.5
171.3
164.8
148.5
164.2
145.3
167.1
182.4
156.3
208.0
177.0
152.6
226.9
156.4
131.7
225.4
187.6
165.7
266.6
160.2
155.5
234.2
153.0
167. 2
99.2
124.4
10.1
153
7.1
109
10.7
137
7.7
107
16.6
151
10.3
103
14.8
159
11.0
122
16.0
162
10.9
109
16.3
169
12.8
135
12.7
155
12.2
146
17.1
180
11.6
122
14.6
176
10.8
131
15.3
185
12.5
151
12.9
189
.9.5
136
10.2
162
7.9
125
11.2
163
8.4
122
12.4
152
10.5
139
Home mortgages insured or guaranteed byFed. Hous. Adm.: Face amount.
mil. $ 6, 095. 32 5, 884. 64
Vet. A dm.: Face amount §
do
2, 600. 53 3, 404. 87
379. 30
213.88
301. 12
168. 52
388. 16
195.36
358. 98
184. 12
406.92
231.28
508.04
265. 88
501. 11
295. 92
653. 83
340.29
643. 11
352. 10
665.33
434.29
620. 86
382. 91
457. 89
340. 32
577. 59
348. 77
436. 34
Iron and steel products, unadjusted
Lumber and wood products unadj
Portland cement unadjusted
do
do
do
REAL ESTATE
Mortgage applications for new home construction:
Applications for FHA commitments
thous. units..
Seasonally adjusted annual rates J
. _ do
Requests for VA appraisals
do
Seasonally adjusted annual ratest
do
Federal Home Loan Banks, outstanding advances
to member institutions, end of period
mil. $._
6,935
4,386
6,340
5,800
5,175
4, 782
4,421
4,302
4,221
4,153
4,122
4,114
4,188
4,386
4,442
16,720
19,891
788
950
1,347
1,339
1,738
2,162
1,860
2,228
1,971
1,950
1,801
1,759
1,403
3,606
7,746
5,368
4,190
9,505
6,196
165
365
258
205
420
325
306
571
470
312
586
441
400
779
559
435
1,046
681
382
951
527
424
1,186
618
381
1,017
573
413
949
588
388
856
557
380
780
599
297
669
437
10, 211
8,701
10, 584
9,774
9,914
10, 035
9,484
10, 274
9,407
mil. $.. 1,496.76 1, 706. 72 159. 74
155. 08
149.66
142. 86
143. 15
164. 04
144. 17
173. 25
116.95
114. 79
115.21
127. 82
153. 95
New mortgage loans of all savings and loan associations, estimated total*
mil. $..
By purpose of loan : t
Home construction
do
Home purchase
do
All other purposes
do
Nonfarm foreclosures
Fire losses (on bldgs., contents, etc.)
number
117 473
DOMESTIC TRADE
ADVERTISING
Marketing/Communications advertising index, seasonally adjusted:©
148
Combined index
1957-59—100
156
Business papers
"
do "
133
128
Magazines
do
170
159
Newspapers „
do
119
119
Outdoor
do
91
113
Radio (network)
do
124
118
Television (network)
do
212
194
'Revised.
1 Index as of Mar. 1,1968: Building, 132.5; construction. 147.0.
^Copyrighted data: see last paragraph of headnote, p. S-l.
9 Includes data for items not shown separately.
152
127
165
120
92
123
207
148
125
155
113
85
115
211
149
152
148
143
145
145
144
150
125
139
130
121
124
129
126
130
157
162
149
153
150
160
160
157
113
106
113
104
113
112
111
121
96
84
88
119
95
94
78
111
130
125
125
105
114
124
118
117
210
215
197
206
217
197
188
195
tRevisions for 1960-66 (seas, adj.) for FHA applications and VA appraisals and for Jan.Nov. 1966 for new mortgage loans will be shown later.
§ Data include guaranteed direct
loans sold.
©Formerly Printer's Ink advertising index.
SURVEY OF CURRENT BUSINESS
March 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
S-ll
1968
1967
1967
Annual
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Television advertising:
Network (major national networks) :
Net time costs, total
Automotive, incl. accessories
403.0
29.5
122.8
86 9
37 5
48.3
77.8
mil. $_. 1,411.3 1,499.9
115.8
106.7
....do
429. 0
429.8
7T ooas, soil A ' ' v q rnnf ecuo e y — ~ ~ a
ft annKs, c
rt'~fvnpr
306.8
274.0
r A
_ r\n
134.3
131. 5
183.1 .._.._.161.4
Smoking materials...
.
do
331.0
All other
do
308.0
Spot (natl. and regional, cooperating stations):
1 189 3
A t
f• ' •i
~~cor\ * « ~
~ r\n
54 1
219 4
Drugs and toiletries
do
414.2
r ooo... , so t u n s, c
tt
y
a ---103 3
51.0
Smoking materials
do
347.3
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
471.7
42. 6
127.5
89.1
34.1
60.4
117.9
307.4
22.7
93.3
64.6
31.8
36.7
58.2
317.8
21.0
85 4
66.0
30.8
37.6
76.9
274 3
15.8
55.5
109 9
22 6
13.0
57.3
Newspaper advertising linage (52 cities) :
Total
...mil. lines...
Classified
_
do
Display, total
do
Automotive
do
Financial- _ _ _ _ _ _
_
do
General
do
Retail
do
RETAIL TRADE
All retail stores:
Estimated sales (unadj.), total
mil. $
1,161.6
60.7
103.7
31.0
148.4
116.1
68.4
1.7
7.0
1.4
8.0
7.1
89.9
4.1
10.1
2.0
11.6
10.4
106.4
6.8
10.9
3.8
11.5
11.0
110.9
8.3
10.2
4.2
13.0
8.6
112.1
5.7
10.6
3.9
13.4
9.6
97. 8
2.4
8.4
3.1
14.9
10.4
69.3
.9
4.0
1.7
10. 8
9.4
64.4
5.3
3.1
1.5
10.2
6.9
108. 0
9.8
8.2
3.1
13.3
9.8
118.4
7.0
13.3
2.7
14.8
10.8
115.6
5.4
9.8
2.2
14.6
11.9
99.9
3.3
8.1
1.4
12.3
10.1
63.3
1.6
4.4
1.2
7.1
6.7
79.2
80.1
53.3
17.6
39.6
411.0
Beer, wine liquors
do
Household equip., supplies, furnish ings., do
Industrial materials
do
Soaps, cleansers etc
do
Smoking materials
do
All other
do
1, 166. 7
68.1
123.5
34.5
134.4
125.4
89.2
70.7
62.7
22.9
39.9
416.3
3.0
2.8
4.0
1.1
2.5
29.7
5.1
3.5
4.1
1.7
3.4
33.9
6.8
6.5
5.5
2.3
3.1
38.2
6.6
8.6
5.9
2.5
3.1
39.9
8.1
9.3
6.3
2.5
3.5
39.1
8.1
5.6
6.4
2.4
3.5
32.6
5.6
3.7
4.4
1.6
2.9
24.4
3.4
2.9
3.6
1.4
2.5
23.6
6.5
6.2
7.1
2.0
3.2
38.8
9.5
9.0
5.6
2.2
3.8
39.8
11.5
7.5
5.4
2.2
3.7
41.3
15. 0
5.1
4.4
1.1
4.7
34.4
3.4
2.5
4.2
1.7
2.7
27.6
3, 354. 3
924.3
2, 430. 0
182.9
73.2
310. 3
1, 863. 6
3,297.8
878.1
2, 419. 6
158.5
66.9
297.1
1,897.1
241.1
71.1
170.0
11.6
7.9
20.5
129.9
233.6
66.4
167.2
12.3
4.7
22.7
127.5
278.3
74.1
204.3
14.3
5.6
25.5
158.9
294.3
80.2
214.1
15.6
5.8
28.9
163.8
300.1
80.6
219. 5
16.5
5.6
29.3
168.1
279.1
76.4
202.7
15.7
5.4
26.3
155.3
246. 4
74.9
171.5
11.9
5.8
17.8
136.0
269.8
76.3
193.6
11.2
4.2
19.0
159. 2
269.8
73.1
196.7
13.7
4.8
26.2
152.0
296.2
76.9
219.3
12.7
6.2
29.9
170.5
305. 8
68.4
237.4
13.9
5.3
28.7
189.5
283.2
59.8
223.4
9.2
5.6
22.2
186. 4
231.3
67.0
164.2
11.4
7.6
17.3
127.9
303, 672
313, 503
22,567
21, 648
25,679
25, 081
26, 557
27, 616
26, 005
26, 201
26, 239
26, 162
8,574
4,870
4,531
339
8,482 ' 8, 984 ' 7, 538 i 7, 739
4,777 ' 4, 503 ' 4, 601 i 4, 688
4, 413 ' 4, 089 4,333
r
364
414
268
27, 159 '32, 589 '24,258
» 24, 215
do
do
do
do
97, 812
57, 414
53, 875
3,539
99, 669
57, 556
53, 695
3,861
7,018
4,197
3,963
234
6,801
4,010
3,787
223
8,234
4,989
4,711
278
8,205
4,955
4,644
311
8,928
5,413
5,084
329
9,398
5,644
5,273
371
8,547
5,014
4,670
344
8, 298
4,669
4,338
331
8,200
4,515
4,192
323
Furniture and appliance group 9
__do
Furniture, home furnish ings stores
do
Household appliance TV radio
do
14, 978
9,089
4,905
15, 700
9,384
5,245
1,136
676
380
1,101
654
375
1,192
715
401
1,160
725
370
1,245
781
391
1, 313
804
439
1,239
770
399
1,325
818
424
1,367
805
464
1,365
820
440
1,472
859
497
' 1, 785 ' 1, 192
••957
686
'665
410
Lumber, building, hardware group
Lumber bldg materials dealers cf
Hardware stores
12, 307
9,340
2,967
12,411
9,350
3,061
777
574
203
741
557
184
905
684
221
999
738
261
1,115
844
271
1,167
884
283
1,143
881
262
1,167
911
256
1,121
867
254
1,145
892
253
1,057
802
255
r 1, 074
205, 860
17, 276
3,537
6,913
4,015
2,811
213, 834
18, 105
3,822
6,994
4, 342
2,947
15, 549
1, 224
272
480
273
199
14, 847
1,042
213
422
239
168
17, 445
1,512
277
590
354
291
16,876
1,375
282
550
307
236
17, 629
1,439
297
575
319
248
18, 218
1,473
337
552
337
247
17, 458
1,301
286
492
314
209
17,903
1,451
293
546
372
240
18, 039
1,574
304
595
394
281
17, 588
1,472
300
577
361
234
10,148
23, 431
71, 125
65, 105
23, 012
10, 894
24,887
72, 137
66, 146
24, Oil
837
1,845
5,548
5,092
1,827
818
1,726
5,407
4,961
1,722
893
1,940
6,096
5,596
1,901
851
1,991
5,810
5,348
1,940
894
2,093
5,888
5,391
2,034
910
2,197
6,259
5,742
2,136
879
2,293
6,145
5,632
2,159
888
2,316
6,059
5,544
2,113
882
2,178
6,236
5,729
2,030
886
2, 121
5,842
5,338
2,035
895
2,024
5,999
5, 495
2,047
39, 811
26, 094
2,691
5,727
6, 758
42, 174
27, 703
2,767
6,078
7,120
2,511
1,658
156
330
514
2,400
1,534
172
347
500
3, 197
2,077
221
466
551
3,049
2,016
199
414
541
3,322
2,194
208
470
572
3, 483
2,322
198
492
586
3,085
2,008
179
455
577
3,502
2,280
233
501
580
3,516
2,319
223
496
589
3,519
2,312
264
479
573
4,219 ' 6, 371 ' 2, 695 i 2, 721
2,760 '4,223 ' 1, 792 i 1, 773
355
176
359
359
571 ' 1, 057
' 913
560
624
Durable goods stores 9
Automotive group
Passenger car, other auto, dealers
Tire battery accessory dealers
do
do
do
Nondurable goods stores 9
do
Apparel group
_ do _
Men's and boys' wear stores
do
Women's apparel, accessory stores _ . .do
Family and other apparel stores
do
Shoe stores _
do
Drug and proprietary stores
Eating and drinking places
Food group __
Grocery stores
Gasoline service stations
_
do
do
do
_do
do
_
_
_
General merchandise group 9
do __
Department stores
do
Mail order houses (dept. store mdse.) _ do. _ _ _
Variety stores
do
Liquor stores
do
'716
'358
i 1, 207
834
618
216
18, 677 '23,605 '16,720 1116, 476
1,628 ' 2, 614 ' 1, 283
1, 168
357
'604
293
620
'995
480
404
'668
290
220
247
'347
1907
' 1, 261
'920
* 1, 980
' 2, 163 ' 1, 994
' 6, 848 ' 5, 920 * 5, 909
'6,278 ' 5, 442
'2,067 ' 1, 984
26, 411 '26,470 '27,039
i 5, 426
i 1, 903
i 27, 433
25,687
25, 470
25, 739
25, 918
25,897
26, 544
26, 444
26,422
26,732
26, 089
do
do
do
do
8,200
4,604
4,298
306
7,955
4,394
4,085
309
8,150
4,602
4,291
311
8,104
4, 660
4,348
312
8,187
4, 752
4,448
304
8,546
5,069
4, 750
319
8,592
5,130
4.814
316
8, 508
5,053
4,731
322
8, 743
5,224
4,891
333
8, 235
4,707
4,361
346
8,221 ' 8, 327 ' 8, 511 18,691
4,692 ' 4, 678 4,899
4,556
4,331 '4,355
343
' 323
361
Furniture and appliance group 9
Furniture, homefurnishings stores
Household appliance TV radio
do
do
do
1,312
792
429
1,308
780
449
1,278
755
441
1,286
791
423
1,306
795
420
1,295
775
450
1.267
784
397
1,299
781
424
1,347
812
450
1,300
771
423
1,331 '1,358
'778
782
'463
454
1,347
779
461
Lumber, building hardware group
Lumber, bldg. materials dealers^
Hardware stores
_
do
do
do .
1,062
803
259
1,058
801
257
1,049
794
255
1,048
779
269
1,001
750
251
1,014
754
260
1,031
771
260
1, 025
767
258
1,041
789
252
1,038
786
252
1,021 ' 1, 088
'839
774
'249
247
1,085
815
270
Nondurable goods stores 9
do
17, 487 17, 515 17, 589
1,443
1,476
Apparel group _ _ _ _ _ _
_
do .
1,514
315
304
Men's and boys' wear stores
do
317
557
576
Women's apparel, accessory stores do
587
343
357
Family and other apparel stores
do
360
239
Shoe stores. ...
do _
228
250
'Revised.
1 Advance estimate.
1
9 Includes data for items not shown separately.
d Comprises lumber yards, building
materials dealers, and paint, plumbing, and electrical stores.
17, 814
1,585
333
614
384
254
17, 710
1,490
317
585
342
246
17, 998
1,524
326
596
358
244
17, 852
1,538
332
594
371
241
17, 914
1,562
340
605
367
250
17, 989
1, 559
322
607
373
257
17,854
1,485
307
575
349
254
18, 190 '18,143
1,515 '1,476
'304
324
'559
578
'367
364
' 246
249
Estimated sales (seas, adj.), total
.
_
Durable goods stores 9
Automotive group
Passenger car other auto dealers
Tire, battery accessory dealers
do __
18, 528 i 18, 742
1,542
334
573
370
265
March 1968
SUEVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1968
1967
1967
Annual
Jan.
Feb.
Mar.
Apr.
May
1 June
1
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
DOMESTIC TRADE—Continued
RETAIL TRADE— Continued
All retail stores— Continued
Estimated sales (seas, adj.)— Continued
Nondurable goods stores— Continued
Drug and proprietary stores
Eating and drinking places
Food group
Grocery stores
Gasoline service stations
'949
2, 144
6, 179
5, 666
2, 017
mil. $
do
do
do
do
General merchandise group 9
Department stores
Mail order houses (dept store mdse)
Variety stores
Liquor stores
877
2,036
5,911
5,417
1,931
883
2,026
5,942
5,452
1,968
889
2,046
6,041
5,535
1,964
906
2,034
5,985
5,513
1,992
903
2,038
5,996
5,507
1,996
923
2,059
6,050
5,548
2,040
903
2,071
6,002
5,500
2,020
913
2,094
6,019
5,516
2,003
901
2,110
6,042
5,535
2,028
912
2,104
6,054
5,543
2,015
928
2,133
6,095
5,584
2,064
'
'
'
'
do
do
do
do
do
3,419
2,244
220
486
591
3,361
2,191
230
472
595
3,327
2,200
223
448
584
3,479
2,278
230
520
609
3,468
2,283
215
504
598
3,604
2,377
228
516
599
3,529
2,305
236
506
580
3, 565
2,341
222
516
597
3,587
2,354
239
516
599
3,543
2,321
250
508
600
3,613
2, 371
239
533
601
' 3, 577 3,575
'2,367
2, 358
'231
241
'529
520
'586
633
Estimated inventories, end of year or month:
Book value (unadjusted), total
mil $
Durable goods stores 9
do
Automotive group
do
Furniture and appliance group
do
Lumber, building, hardware group _ _ d o _ _ - _
960
2,189
6,228
5,716
2,091
35, 846
16, 144
7,938
2,512
2,401
35, 459
15, 468
6,990
2,530
2,361
35, 856
16, 574
8,160
2,515
2,444
36, 349
16,681
8,255
2,518
2,410
37, 108
16, 855
8,221
2,548
2,471
37, 199
16,826
8,105
2,599
2,514
36,935
16, 695
7,966
2,606
2,527
36, 337
16, 295
7,683
2,594
2,477
35, 894
15, 972
7,363
2,556
2,432
35, 106
14, 691
5,972
2,564
2,419
35, 705
14, 786
6,066
2,603
2,440
36,768
14, 968
6,172
2,636
2,443
37,890
15,363
6,451
2,722
2,455
35,459
15,468
6,990
2,530
2,361
35, 837
16, 104
7,528
2,518
2,422
do
do
do
do
do
19, 702
4,102
4,201
6,425
3,919
19, 991
4,127
4,265
6,714
4,102
19, 282
3,977
4,164
6,309
3,793
19,668
4,222
4,129
6,460
3,891
20, 253
4,308
4,189
6,767
4,108
20,373
4,314
4,167
6,833
4,123
20, 240
4,270
4,149
6,816
4,120
20, 042
4,131
4,176
6,693
4,025
19, 922
4,125
4,122
6,760
4,076
20, 415
4,407
4,108
6,970
4,212
20, 919
4,545
4,156
7,320
4,449
21,800
4,617
4,320
7,851
4,845
22, 527
4,747
4,463
8,142
5,055
19,991
4,127
4,265
6,714
4,102
19, 733
3,961
4,221
6,712
4,036
Book value (seas, adj.), total
do
Durable goods stores 9
do
Automotive group
do
Furniture and appliance group
do
Lumber, building, hardware group.. _do
36, 961
16, 536
8, 108
2, 574
2,483
36, 682
15, 977
7,140
2,611
2,442
36, 924
16, 491
7,867
2,598
2,530
36, 644
16, 315
7,672
2,612
2,447
36, 526
16, 142
7,515
2,561
2,418
36, 236
16.033
7,409
2,568
2,448
36, 263
15,904
7,315
2,585
2,451
36, 087
15, 661
7,154
2,586
2,419
35, 997
15, 549
6,966
2,571
2, 427
36,028
15, 503
6,867
2,569
2,429
36, 143
15, 711
7,041
2,567
2,452
36, 217
15,681
7,006
2,549
2,468
36, 474
15,728
7,048
2,610
2,475
36,682
15,977
7,140
2,611
2,442
37, 130
16, 238
7,330
2,617
2,507
do
do
do
do
do
20, 425
4,318
4,209
6,909
4,200
20, 705
4,363
4,248
7, 189
4,359
20,433
4,343
4,248
6,951
4,240
20, 329
4,389
4,162
6,832
4,162
20, 384
4,369
4,156
6,895
4,179
20,203
4,288
4,114
6,817
4,115
20, 359
4,335
4,149
6,900
4,174
20, 426
4,321
4,184
6,904
4,201
20, 448
4,328
4,189
6,961
4,233
20, 525
4,333
4,205
6,997
4,250
20, 432
4,264
4, 181
7,019
4,261
20,536
4,236
4,231
7,067
4,299
20, 746
4,294
4,321
7, 141
4,345
20, 705
4,363
4,248
7,189
4,359
20, 892
4,343
4,281
7,365
4,475
Nondurable goods stores 9
Apparel group
Food group
General merchandise group
Department stores
Nondurable goods stores 9
Apparel group
Food group
General merchandise group
Department stores
Firms with 11 or more stores:
Estimated sales (unadj.), total 9
do
80, 323
85, 203
5,695
5,550
6,855
6,500
6,839
7,252
6,683
7,063
7,292
7,050
7,820
10,604
6,352
Apparel group 9
_
_
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores
do
do
do
do
4,770
573
1,779
1,269
5,069
612
1,855
1,367
306
43
106
85
271
31
102
76
430
45
152
133
371
43
140
101
404
47
152
11
1
415
53
151
114
339
39
126
92
411
43
148
112
444
47
160
135
426
52
157
111
476
63
173
118
776
106
288
179
338
49
111
98
Drug and proprietary stores
Eating and drinking places
Furniture and appliance group
do
do
do
2,663
2, 222
1,276
3,120
2,554
1,362
217
193
90
221
185
89
250
206
103
229
202
104
243
214
115
256
223
116
247
223
113
251
226
118
253
222
119
254
223
124
267
216
126
432
221
145
255
210
102
General merchandise group 9
Dept stores excl mail order sales
Variety stores
do
do
do
28, 988
19, 653
4,593
30, 953
20, 984
5,029
1,822
1,256
266
1,720
1,146
278
2,324
1,561
383
2,237
1,533
341
2,432
1,667
388
2,559
1,767
407
2,276
1,547
371
2,590
1,750
414
2,575
1,757
412
2,586
1,753
395
3,128
2,101
481
4,704
3,146
893
1,994
1,374
297
Grocery stores.— __
Tire, battery, accessory dealers
do
do
29, 906
1,472
31, 145
1,529
2,330
97
2,334
93
2,686
116
2,516
127
2,498
133
2,692
150
2,582
129
2,549
126
2,753
122
2,489
127
2,605
137
3,116
172
2,620
114
Estimated sales (seas, adj ) total 9
do
6,885
6,907
6,852
6,993
6,948
7,171
7,162
7,013
7,215
7,205
7,368
7,282
7,483
438
50
165
121
407
47
151
109
424
52
155
112
415
49
150
111
436
54
156
119
436
52
157
122
434
50
160
121
429
54
155
118
435
53
159
119
447
58
156
125
Apparel group 9
Men's and boys' wear stores
Women's apparel, accessory stores
Shoe stores __
do
do
do
do
421
52
154
112
418
46
160
109
372
47
138
98
Drug and proprietary stores
Eating and drinking places
do
do
240
213
254
214
253
209
245
205
252
209
261
209
256
208
265
209
261
216
267
221
277
225
276
223
283
228
General merchandise group 9
Dept. stores, excl. mail order sales
Variety stores
do
do
do
2, 513
1,730
402
2,471
1,685
387
2,449
1,671
369
2,528
1,683
420
2,482
1,710
417
2,627
1,774
422
2, 643
1,738
416
2,486
1,780
427
2,646
1,759
428
2,607
1,783
418
2,667
1,830
443
2,566
1,767
445
2,677
1,834
435
Grocery stores. _
Tire, battery, accessory dealers
do
do
2,492
127
2,548
131
2,556
135
2,583
127
2,575
123
2,591
130
2,613
118
2,628
125
2,640
127
2,620
130
2,655
136
2,712
125
2,764
147
18, 986
7,212
11 774
8,164
10, 822
18,167
6,954
11,213
7,630
10,537
17, 538
6,751
10, 787
7,338
10, 200
17,656
6,766
10, 890
7,518
10, 138
17,814 18,005
6,943
6,875
10, 939 11,062
7,789 8,013
10, 025 9,992
18, 359
7,225
11, 134
8,194
10, 165
18, 034
7,128
10, 906
8,010
10, 024
18,082
7,146
10, 936
7,950
10, 132
18,205
7,194
11, Oil
7,941
10, 264
18,168
7,094
11,074
7,974
10,194
18,696
7,109
11,587
8,199
10,497
19, 749
7,283
12, 466
8,317
11, 432
17 767
6,987
10, 780
7,730
10, 037
17,849
7,124
10,725
7,690
10,159
18, 007
7,144
10, 863
7,721
10, 286
18, 159
7,129
11, 030
7,804
10; 355
18, 211
7,181
11, 030
7,920
10, 291
17,926
6,973
10,953
7,827
10, 099
18, 225
7,049
11,176
7,992
10, 233
18, 169
6,985
11, 184
8,016
10, 153
18, 251
6,974
11, 277
7,993
10, 258
18,399
7,064
11,335
8,035
10,364
18,251
6,918
11,333
7,933
10,318
18,664
7,054
11,610
8,086
10,578
18, 534
7,048
11, 486
7,918
10, 616
199.53
199. 73
199.92
200.09
200.25
200.3
80, 982
77, 526
74,631
70, 700
3,931
2,895
81, 595
78, 132
75, 181
71, 148
4,033
2,951
81,582
78, 113
75, 218
71,460
3,759
2,894
81, 527
78, 057
75,338
71,793
3,545
2,719
79, 811
76, 347
73, 273
69, 908
3,366
3,074
80,86
77,40
74,11
70,65
3,46
3,28
All retail stores, accounts receivable, end of yr. or mo.:
Total (unadjusted)
mil $
Durable goods stores
do
Nondurable goods stores
do
Charge accounts
do
Installment accounts
do
Total (seasonally adjusted)
Durable goods stores
Nondurable goods stores
Charge accounts
.
Installment accounts
do
do
do
do
do
LABOR FORCE, EMPLOYMENT, AND EARNINGS
POPULATION OF THE UNITED STATES
Total, incl. armed forces overseas
..mil.. i 196. 92 i 199. 12
LABOR FORCE
Labor force, total, 16 years of age and over
Civilian labor force. _
Employed, total
_
Nonagricultural employment
Agricultural employment.. _ _
Unemployed (all civilian workers)
••Revised.
1 As of July 1.
thous__
do
do
do
.do
do...
78, 893
75, 770
72, 895
68, 915
3,979
2.875
80, 793
77, 347
74, 372
70, 528
3,844
2. 975
198. 76
198. 94
199. 12
199. 32
198. 11
198. 28
198. 43
198. 61
78, 706
75, 320
72 160
68,826
3,335
3.160
79, 107
75, 689
72, 506
69, 225
3,281
3.183
78, 949
75, 513
72, 560
69, 149
3,410
2.954
79, 560 79, 551 82, 464 82, 920 82, 571
76, 111 76,095 79, 020 79, 471 79, 112
73, 445 73, 637 75, 391 76, 221 76, 170
69, 724 69, 812 70, 996 71, 705 71,792
4,378
3,721
4,395
3,825
4,516
2.942
3.250
2. 666
2.457
3.628
9 Includes data not shown separately.
SUEVEY OF CURRENT BUSINESS
March 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
| 1967
Jan.
Annual
S-13
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.?
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
LABOR FORCE— Continued
Seasonally Adjusted
Civilian labor forcej
Employed, total
._ •
Nonagricultural employment
Agricultural employment _ _ _ .
76, 933
74, 094
70, 104
3,990
thous
do _
. __do _
_do_
76,921
74,063
70, 187
3,876
76, 676
73, 822
69, 964
3,858
76, 814
73, 939
70, 096
3,843
76, 502
73, 550
69, 822
3,728
77, 214
74, 169
70, 430
3,739
77, 495
74, 478
70,631
3,847
77, 598
74, 664
70, 708
3,956
77, 807
74, 638
70, 941
3,697
78, 072
74, 735
71, 017
3,718
77, 989
75,005
71, 166
3,839
78, 473
75, 577
71, 361
4,216
77, 923
75,167
71, 164
4,003
78, 672
75, 731
71,604
4, 127
536
449
2,839
476
2,858
447
2,854
436
2,875
434
2,952
433
3,045
441
3,017
436
2,934
445
3,169
440
, 3, 337
475
2,984
485
2,896
445
2,756
488
2,941
455
3.8
2.5
3.8
12.7
3.8
2.3
4.2
12.9
3.7
2.3
4.3
11.1
3.7
2.2
4.0
12.6
3.7
2.3
4.1
11.8
3.7
2.3
4.1
12.0
3.9
2.4
4.1
12.7
3.9
2.5
4.2
12.7
3.9
2.4
4.3
12.9
3.8
2.3
3.9
13.3
4.1
2.3
4.9
13.4
4.3
2.5
4.8
14.8
3.8
2.4
4.0
13.9
3.7
2.2
4.1
12.8
3.5
2.3
3.9
11.3
3.7
2.3
4.0
12.6
1.9
7.3
3.3
1.8
7.4
3.4
1.7
6.7
3.3
1.7
7.2
3.3
1.8
7.4
3.2
1.9
7.2
3.3
1.9
7.7
3.4
1.9
7.7
3.5
1.8
7.3
3.5
1.9
6.8
3.4
1.8
8.0
3.6
1.9
8.8
3.7
1.7
7.3
3.4
1.7
6.9
3.3
1.6
6.4
3.2
1.7
7.2
3.3
2.0
4.2
2.2
4.4
2.1
4.2
2.0
4.2
2.1
4.2
1.8
4.6
1.9
4.6
2.2
4.6
2.2
4.6
2.2
4.4
2.4
4.6
2.4
4.9
2.2
4.4
2.1
4.3
2.0
4.3
2.2
4.3
3.8
8.1
3.2
2.8
3.9
7.3
3.7
3.4
3.8
3.7
3.7
3.7
3.9
3.3
2.9
3.4
2.9
3. 6
3.1
3.6
3.4
3.8
3.7
4.0
8.4
3.9
3.6
4.0
7.4
4.0
4.0
3.9
7.2
3.8
3.4
4.2
5.4
4.0
3.7
4.4
6.9
4.1
3. 6
3.9
7.2
3.5
3.2
3.8
6.1
3.5
3.5
3.6
8.3
3.3
2.8
3.8
7.4
3. 6
3.4
63, 982
66, 063
64,531
64, 491
64,843
65, 215
65,594
66, 514
66, 129
66, 408
66, 672
66,914
67, 470 '67,980 '66, 114
66, 462
63, 982
625
3, 292
19, 186
11,256
66,063
613
3,264
19, 339
11, 327
65, 564
625
3,311
19, 558
11, 507
65, 692
624
3,352
19, 507
11,482
65, 749
624
3,313
19,445
11,434
65, 653
620
3,276
19, 331
11,322
65, 639
617
3,192
19, 238
11, 283
65,903
619
3,187
19, 285
11, 285
65, 939
623
3,231
19, 169
11, 218
66, 190
606
3,223
19, 318
11, 351
66, 055
601
3,238
19, 142
11, 149
66,243
597
3,236
19,169
11,143
66, 918
597
3,289
19, 422
11,364
O rdnance and accessories
.do
Lumber and wood products '._ . . d o
Furniture and
fixtures
do
Stone, clay, and glass products
do
Primary metal industries
do
Fabricated metal products-. _ _ . do
Machinery, except electrical
do
256
613
462
645
1,345
1,349
1,911
292
593
456
631
1,301
1,355
1,971
277
607
466
642
1,362
1,374
1,988
283
603
465
640
1,348
1,372
1,984
286
602
459
638
1,332
1,364
1, 984
288
592
455
628
1,305
1,354
1,979
286
584
453
624
1,299
1,348
1,972
290
590
452
626
1,295
1,357
1,972
292
585
447
625
1, 280
1,350
1,969
297
585
451
626
1, 281
1,356
1, 976
299
585
451
622
1,262
1,331
1,966
Electrical equip, and supplies
.
do
Transportation equipment
do - . .
Instruments and related products
do
Miscellaneous manufacturing ind
do
Nondurable goods
do
Food and kindred products
do _ . Tobacco manufactures
do
Textile mill products
_ do
Apparel and other textile products.-- do
Paper and allied products
- . do .
Printing and publishing
do
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, nee
do
Leather and leather products
- do Transportation, communication, electric, gas,
and sanitary services
thous
Wholesale and retail trade
.
do
Wholesale trade
"
do
Retail trade
do
1,896
1,912
433
434
7,930
1,779
84
962
1,399
668
1,022
958
186
510
364
1,915
1,927
455
431
8,012
1, 789
86
952
1,391
684
1,064
991
189
514
352
1,958
1,938
453
442
8,051
. 1, 795
89
963
1,414
680
1,053
983
187
527
360
1,959
1,938
454
436
8, 025
1,798
85
954
1,401
681
1,056
984
187
523
356
1,947
1,932
456
434
8,011
1,803
84
952
1,384
684
1,065
981
186
521
351
1,916
1,916
456
433
8,009
1,800
86
945
1,390
680
1,063
984
187
520
354
1,904
1,927
454
432
7,955
1, 797
86
941
1,395
679
1,064
982
187
472
352
1,872
1,947
454
430
8,000
1,806
87
948
1,396
688
1,066
990
189
479
351
1,889
1,896
455
430
7,951
1,790
89
940
1,376
689
1,066
989
191
479
342
1,916
1,980
456
427
7,967
1,751
85
946
1,381
687
1,067
992
190
521
347
4,151
13, 211
3,438
9, 773
4,262
13, 672
3,556
10, 116
4,242
13, 515
3,512
10, 003
4,247
13, 541
3,521
10, 020
4,246
13, 557
3,535
10, 022
4,212
13, 572
3,545
10, 027
4,267
13, 609
3,549
10, 060
4,266
13, 648
3,555
10, 093
4,292
13, 647
3, 555
10, 092
Finance, insurance, and real estate
Services
_.
Government-.
Federal
State and local
3,102
9, 545
10, 871
2,564
8,307
3,228
10, 071
11, 616
2,719
8,897
3,152
9,840
11, 321
2,667
8,654
3, 165
9,883
11, 373
2,673
8,700
3,179
9,946
11, 439
2,685
8,754
3,194
9,973
11, 475
2,688
8,787
3,205
9,987
11, 524
2,698
8,826
3,227
10, 035
11, 636
2,747
8,889
14, 273
14, 226
14, 304
14, 252
14, 200
14, 104
14, 059
14, 273
8,349
122
535
383
518
1,096
1, 050
1,345
14, 226
8,282
150
515
376
502
1,043
1, 047
1,371
14, 506
8,502
140
530
385
512
1,106
1,068
1,398
14, 436
8,459
143
524
384
509
1,091
1,065
1,392
14, 358
8,407
146
525
379
509
1,073
1, 059
1,388
14, 233
8,286
147
514
374
499
1,049
1,046
1,380
14, 147
8, 254
147
507
375
495
1,042
1,041
1,373
Unemployed (all civilian workers) .
..do _
Long-term, 15 weeks and over _
.do. _
Kates (unemployed in each group as percent
of total in that group) : J
All civilian workers
Men, 20 years and over.
__ __
Women, 20 years and over
Both sexes, 16-19 years
Married men*
Nonwhite workers*. __
White workers*
Occupation: White-collar workers* __
Blue-collar workers*
Industry:
Private wage and salary workers*
Manufacturing*
Durable goods*
__
_ __ _
EMPLOYMENT
Employees on payrolls of nonagricultural estab.:f
Total, not adjusted for seasonal variation _ _ thous ..
Seasonally Adjusted
Total- _ _
Mining... _ _ _
Contract construction
Manufacturing
Durable goods
thous
do
do
do
do
do
do
do
do
do
Production workers on manufacturing payrolls:
Total, not seasonally adjustedf
thous..
Seasonally Adjusted
Totalt
Durable goods _ _ .
Ordnance and accessories
Lumber and wood products
Furniture and
fixtures
Stone, clay, and glass products
Primary metal industries. ..
Fabricated metal products
Machinery, except electrical
Electrical equipment and supplies.
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
Nondurable goods
Food and kindred products
Tobacco manufactures . .
Textile mill products
Apparel and other textile products
thous
do
do
do
do
....do
do
do
do
do
do
do
do
do
do
"do
do.""
do
1,317
1,345
1,348
1,332
1,294
1,361
1,373
1,371
1,363
1,356
277
289
288
289
286
347
353
347
344
341
5,925
6,004
5,977
5,951
5,944
1,197
1,196
1,200
1,181
1,187
72
73
77
72
74
856
848
845
857
844
1,254
1,243
1,243
1,226
1,232
r
Revised.
p Preliminary;
*New series. Mon thly data for earlier years ar e availaljle.
^Beginning in the Mar. 1968 SURVEY, labor force d ata refleci new seas onal fact 3rs.
^Effective with the Sept. 1967 SURVEY, additional series (uilemploym ent rates>, seasonsilly
adjusted production workers, hours, man-hours anc man-hou r indexes, private sector d£ita,
and spendable earnings) are shown; these are not in the 1967 e dition of ] BUSINESS STATIST [CS.
'67,126
'598
'3,353
'19,491
'11,399
67, 146
596
3,216
19, 501
11, 443
67, 694
600
3,467
19, 567
11, 464
300
592
455
628
1,267
1,332
1,932
303
'304
593
'600
458
'465
634
642
1,289
1,290
1,354 '1,368
1,980 '1,947
'304
'601
'468
'642
1,290
1,371
1,963
304
607
473
612
1,291
1,379
1,961
1,882
1,873
452
426
7,993
1,777
81
950
1,377
682
1,064
993
191
529
349
1,896
1,862
454
425
8,026
1,783
82
954
1,384
685
1,065
1,001
192
529
351
1,919
1,951
455
428
8,058
1,785
89
957
1,389
687
1,069
1,002
193
533
354
1,924
1,987
457
436
8,058
1,775
84
965
1,383
691
1,069
1,007
192
536
356
1,937
2,006
459
435
8,103
1,773
84
975
1,396
692
1,074
1,013
193
545
358
4,283
13, 664
3,569
10,095
4,262
13, 719
3,565
10, 154
4,251
13,776
3,567
10,209
4,287
4,290
13, 900 '13,870
3,602 ' 3, 598
10, 298 10, 272
4,301
13,919
3,607
10, 312
4,317
14, 016
3,626
10, 390
3,234
10, 074
11,669
2,759
8,910
3, 253
10, 130
11, 713
2,746
8,967
3,264
10, 161
11, 668
2,715
8,953
3,270
10,199
11,745
2,712
9,033
3,290
10, 297
11, 836
2,698
9, 138
14, 249
13, 996
14, 261
14, 290
14,249
14, 406 '14,337
14, 129
14, 184
14, 170
8,240
149
512
371
498
1,037
1,048
1,372
14, 056
8,170
151
508
366
498
1,023
1,041
1,368
14, 191
8,299
155
509
369
497
1,024
1,048
1,375
14,003
8,091
154
508
370
494
1,003
1,023
1,365
14,034
8,083
157
513
374
500
1,009
1,024
1,329
14, 278 '14,317
8,294 ' 8, 313
157
'158
515
'520
377
'383
514
505
1,031
1,030
1,045
1,058
1,372
1,336
14, 328
8, 353
160
522
387
513
1,028
1,058
1, 352
14, 367
8,363
162
526
391
485
1,029
1,066
1,351
' 1,922
'1,974
457
'430
'8,092
' 1, 788
'91
964
' 1, 397
'690
1,071
1,008
193
535
355
3,310
' 3, 304
••10,332 10, 369
'11,888 '11,934
2,708 ' 2, 721
' 9, 180 ' 9, 213
3,321
10, 414
11, 992
2,724
9, 268
1,303
1,294
1,284
1,265
1, 298
1, 289
1,293
1,251
1,260
1,270
1,290
1,420
1,409
1,347
1,361
1,380
1,398
1,326
1,377
1,289
1,410
1,297
287
286
289
287
285
285
'286
285
285
281
283
343
344
342
343
340
338
'337
339
337
336
335
6,004
5,975
5,984 ' 6, 004
5,893
5,947
5,930
5,886
5,892
5,912
5,951
1,172
1,179
1, 188
1,196
1,201
1,190
1,195
1,185
1,185
1,148
1,175
71
72
74
73
77
'78
75
76
72
70
69
865
855
848
838
835
841
855
834
839
842
847
1, 234
1,221
1,232
1,234
1,235
1,231
1,239
1,220
1,223
1,223 1,218
Also, 1 he estab lishment data refl set adjus tment to Mar. 196 3 benchmlarks and revised s easonal
factor •>; compai able earl ier data (except m an-hours and maii-hour in dexes ancI unemployment
rates) appear iii B L S B iilletin 13 12-5, EM PLOYME1S T AND E ARNINGS FOR THE UNITED STATES,
1909-6 7, availa 3le from the Govejrnment Printing Office, \Vashingt on, D.C. 20402, $4 .75.
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
March 1968
1967
1967
Jan.
Annual
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.*
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
EMPLOYMENT-Continued
Production workers on manufacturing payrolls —
seasonally adjusted— Continued
Nondurable goods industries— Continued
Paper and allied products
thous
Printing and publishing
do
Chemicals and allied products _
do
Petroleum and coal products
. _ do
Rubber and plastics products, nee
..do
Leather and leather products
. . ..do. .. .
572
116
397
318
531
671
586
118
395
304
527
668
585
117
411
313
529
670
585
117
406
309
531
674
580
116
403
304
526
673
583
118
402
307
525
672
580
117
354
305
535
673
583
119
362
302
536
674
585
119
362
295
534
673
585
118
401
299
527
669
585
120
407
300
531
669
594
121
408
303
533
673
595
121
412
306
536
672
597
121
414
307
536
671
598
122
414
307
537
675
601
121
421
307
42.7
37 6
41.3
42.6
37.7
40.6
3.9
42.1
4.3
42.3
40.8
41.5
42.0
42.1
42.4
43.8
41.2
42.6
42.1
40.0
3.4
41.2
3.5
41.8
40.3
40.4
41.6
41.0
41.5
42.5
40 2
41 4
41 2
39 4
42 6
38 2
40.8
41 0
3.6
41 7
39
42.0
40.4
40 7
41 9
41 8
42.2
43.5
40 7
41.6
41.8
40 0
42.2
37 6
40.1
40.3
3.4
41 0
37
41.7
40.3
40 2
41.5
40.9
41.4
43.0
39.7
40.7
40.9
38 7
42.4
37 4
40.3
40.4
3.3
41 1
3.5
41.9
40.7
40 2
41.5
40.8
41.5
42.9
40.0
40.7
41.5
39.2
42.7
37 4
40.2
40.5
3.2
41.0
3.3
41.6
40.6
40.3
41.3
40.2
41.5
42.8
39.6
40.9
41.5
39.7
42.0
36.4
40.4
40.3
3.2
41.0
3.3
42.0
40.1
40.1
41.1
40.6
41.3
42.3
39.9
41.7
41.1
39.5
42.2
37.4
40.6
40.3
3.2
40.9
3.3
41.2
40.1
40.3
41.3
40.6
41.2
42.0
40.0
41.2
41.0
39.4
43.2
37.5
40.3
40.4
3.3
41.0
3.5
41.8
39.9
40.2
41.3
40.9
41.3
42.1
40.3
41.4
41.0
39.2
42.8
37.5
40.7
40.7
3.3
41.3
3.5
41.9
39.7
40.2
41.6
41.0
41.5
42.2
40.4
42.5
41.2
39.4
42.8
38.3
40.9
40.8
3.4
41.6
3.7
42.4
40.5
40.7
42.0
41.0
41.8
42.7
40.2
42.7
41.2
39.5
42.3
37.1
40.8
40.7
3.4
41.3
3.5
41.7
40.5
40.4
41.8
41.3
41.4
42.3
40.5
41.5
41.1
39.4
43.5
39.4
40.8
40.8
3.3
41.2
3.4
41.9
41.2
40.5
42.1
41.6
41.4
42.4
40.6
39.8
41.1
39.6
'42.5
37.3
41.0
40.7
3.5
41.4
3.6
41.7
40.3
40.7
41.7
41.7
41.5
42.4
40.4
41.8
41.1
39.4
41.6
36.0
40.0
40.2
3.5
40.9
3.6
40.4
38.4
39.5
40.9
41.6
41.4
41.7
40.0
41.9
40.4
39.2
41.8
38.3
40.5
40.7
3.6
41.3
3.9
40.5
39.9
40.2
42.4
41.8
41.7
42.1
40.2
42.4
40.4
39.5
Nondurable goods
do
Overtime hours __ _
. _ _
do
Food and kindred products . _ .
do
Tobacco manufactures
_ . . do
Textile mill products .
do
Apparel and other textile products
do _ -
40.2
3.4
41.2
38.8
41.9
36.4
39 7
31
40 9
38.5
40 9
36 0
40.0
33
41.1
38.7
40 9
36.6
39.5
3.1
41.0
38.2
40 2
35.6
39.5
3.2
41.1
oo 9
40.2
35.5
39.8
3.0
40.8
39.4
40.8
36.2
39.5
3.0
40.6
38.3
40.5
35.9
39.5
3.0
41.0
39.0
40.4
35.7
39.6
3.0
40.6
38.4
40.6
35.9
39.7
3.1
40.8
38.9
41.0
35.8
39.9
3.3
41.0
38.0
41.4
36.3
39.7
3.2
40.7
39.0
41.3
35.8
40.1
3.2
40.8
38.8
41.5
36.3
39.8
3.3
40.7
36.8
41.6
36.2
39.1
3.3
40.4
37.8
39.. 8
35.0
40.0
3.2
40.9
40.3
41.3
36.5
Paper and allied products _
do
Printing and publishing
_ do _
Chemicals and allied products
do
Petroleum and coal products
do
Rubber and plastics products, nee __ .do Leather and leather products.
do
43.4
38.8
42.0
42.4
42.0
38.6
42 8
38 4
41 6
42 7
41 4
38.2
43 2
38.8
41.8
42 0
41.5
38.3
42.8
38.6
41.4
42 6
40.9
37.1
42 8
38.5
41.6
43 0
41.0
37.0
42.5
38.6
41.5
42.6
41.1
37.7
42.5
38.3
41.2
42.6
40.9
37.7
42.6
38.3
41.3
42.6
41.2
37.9
42.7
38.3
41.5
42.8
40.6
38.4
42.6
38.3
41.5
43.1
42.0
38. 3
42.8
38.3
41.5
42.4
41.9
38.9
42.8
38.0
41. 5
43.0
41.9
38.7
42.8
38.2
41.9
43.1
41.8
39.5
43.1
38.0
41.8
42.1
41.3
38.4
42.6
37.7
41.7
42.9
41.2
37.6
42.8
38.1
42.0
41.9
41.4
38.9
37.1
40.8
35.9
37.3
36 6
40 4
35 3
37.0
36.8
40 7
35 5
37.1
36.6
40 5
35 3
37.0
36.6
40 5
35 3
37.0
36.4
40 4
35.1
37.0
36.3
40.3
35.2
37.1
36.7
40.5
35.4
37.1
., 36.7
40.5
35.4
37. 0
36.7
40.5
35.5
37.1
36.7
40.3
35.4
37.1
36.3
40.3
35.1
37.1
36.5
40.3
35.2
37.1
36.3
40.2
35.1
36.9
36.1
40.0
34.9
37.0
36.2
40.1
34.9
36.8
129. 28
132. 24
132. 15
131. 57
131. 67
131. 08
132 35
134 37
!34 10
133. 21
115.9
82 2
114.7
117.8
124.2
144.9
97.4
127 7
111.2
113.5
79 4
113 2
115 2
120 4
176 9
92 7
122 0
106 9
116.9
81 7
116 6
118.8
125 2
165.4
95 5
126 1
109. 7
114.9
80 6
116 7
116.3
122 3
167.8
94 2
124 2
108.0
114.3
80 8
114.6
115.9
121.9
172.1
95.3
122 6
108.0
113.2
80 9
112.6
114.9
119.8
172.1
93.1
121 2
105.4
111.5
79 4
106.7
114.0
119.5
173.7
90.7
121.0
104.1
do
. do _ _ .
do
do
do. . .
do...
do
116.9
126.1
139.0
145.8
116.7
127.7
113.4
108 5
123 1
137 6
140 0
112.9
129.1
109 7
117. 1
127.7
143 5
147.6
114.9
132.4
115.3
113.1
124.9
141.2
143.6
112.3
129.1
109.7
110.9
124.5
140.5
143.3
111.6
131.4
110.1
106.8
123.0
139.3
138.2
110.9
131.4
111.2
Nondurable goods _
Food and kindred products .
Tobacco manufactures..
Textile mill products
Apparel and other textile products
do
do
.do _
do
do..-
109 5
96 2
84.6
106 0
118.7
•jno K
110 4
97.3
90.9
103 4
120.4
108.5
97.2
85.0
100 7
116.0
108.1
97.7
83.8
100.3
114.1
Paper and allied products
Printing and publishing
Chemicals and allied products. .
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products.
do...
do...
do
do .
do.-.
do
115.0
115.8
115 9
81.0
146.8
100.6
116.0
118.4
mK
oq
116.2
119.1
117.8
81.2
150.0
98 1
115.6
118.9
116.7
82.3
146.0
93.8
Average weekly gross earnings per production
worker on payrolls of nonagrieultural estab. :f
Mining
dollars
130 66
Contract construction
do
145. 89
Manufacturing establishments
do . . . 112. 34
r
Revised.
r> Preliminary.
tSee corresponding note, bottom of p. S-13.
136 32
154 19
114] 90
134 09
149. 14
113. 42
131 14
143. 60
111.88
519
650
HOURS AND MAN-HOURS
Seasonally Adjusted
Average weekly gross hours per production worker
on payrolls of nonagricultural estab. :f
Mining.. _ .
' . _ _ . hours
Contract construction
do
Manufacturing: Not seasonally adjusted
do
Seasonally adjusted.. do
Overtime hours
do _ _
Durable goods
do
Overtime hours - _
_ _ _
do
Ordnance and accessories .
. . do Lumber and wood products
-do
Furniture and fixtures
do
Stone, clay, and glass products
_ do
Primary metal industries _ . . _
do
Fabricated metal products
do -.
Machinery, except electrical
do
Electrical equipment and suppliesdo
Transportation equipment
do . .
Instruments and related products
do
Miscellaneous manufacturing ind
do
Wholesale and retail trade
Wholesale trade
Retail trade
_.
Finance, insurance, and real estate
do ._
do
do
do
OO. Z
Seasonally Adjusted
Man-hours in nonfarm estab., all employees,
seasonally adjusted, annual ratef
Man-hour indexes (aggregate weekly), industrial
and construction industries, totalf
1957-59=100..
Mining
do
Contract construction
do
Manufacturing
do.. .
Durable goods
_
do
Ordnance and accessories. __
do.. _
Lumber and wood products do
Furniture and
fixtures
do
Stone, clay, and glass products.. .
do
Primary metal industries
.
Fabricated metal products
Machinery, except electrical
Electrical equipment and supplies _ _
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind-
96 2
86 6
Ifil Q
116.2
A
143.8
QC
ft
m
m
r
fV>
iqo 74.
111.9
79.7
109.1
114.1
118.9
172.7
91.6
120.3
105.2
111.8
82.2
111.2
113.4
118.3
177.6
90.4
118.4
105.2
113.0
78.5
111.0
115.2
121. 0
182.8
90.1
119.3
105.7
112.7
77.7
113.9
114.2
118.6
183.7
91.8
121.1
106.1
111.8
76.4
110.6
113.8
117.7
184.2
92.7
121.6
106.9
114.9
78.2
119. 5
115.9
120.4
185.1
94.7
122.8
108.7
114.6
76.6
115.3
116. 4
121.3
185.4
93.5
125.4
109.6
111.9
74.8
105.4
114. 9
120.6
181.9
89.4
123.0
107.3
116.2
75.8
123, 0
117.0
122. 1
184.6
93.6
126.4
105. 2
107.2
121.8
137.0
137.8
114.2
129.3
110.3
106.7
122.3
136.0
134.6
114.2
128.1
109.4
106.0
121.8
135.9
137.1
110.5
128.1
108.5
106.4
123.2
136.9
140.2
120.6
128.7
108.4
104.2
121.1
137.5
136.2
111.4
126.9
108.4
105.6
120.1
132.6
138.3
107.6
127.5
107.8
108.7
122.5
137.2
140. 8
110.5
128.4
109.3
108.8
124. 4
133.6
140.5
117.6
128.8
108.4
108.4
124.1
133.0
' 139. 2
118.8
126.6
110.1
109.0
125.9
134.2
140.9
121.2
127.1
110.7
108.5
96.5
87.7
101.0
117.0
106.9
96.2
86.4
99.9
116.3
107.8
97.5
89.2
100.4
116.0
107.0
95.3
89.0
100.0
114.9
107.6
92.7
85.4
101.6
114.8
108.6
95.4
79.9
103.0
115.9
108.7
95.5
83.2
103.3
114.8
110.0
96.0
91.1
103.9
117.2
109.9
95.9
87.5
105.1
117. 1
107.6
94.3
83.0
100.5
112.1
110.3
94.9
87.2
105. 5
118.1
116.0
119.3
116.2
82.4
145.3
92.0
114.1
119.4
116.5
83.0
145.3
94.7
113.9
118.3
115.1
82.3
127.3
94.1
116.3
118.5
116.0
83.7
131.2
93.7
116.8
118.6
116.9
84.1
129.2
92.7
116.1
118.5
116.9
84.0
148.1
93.7
115.1
117.8
116.9
84.0
150.0
95.5
116.0
116.8
118.7
85.9
150.3
95.9
116.4
118.1
120.0
86.1
151.5
98.9
117.9
117.4
120.2
84.1
150.4
96.5
116.5
116.3
120.1
86.4
150.0
94.5
117.3
118.2
121.6
83.7
153.3
97.7
132.09
146. 83
112. 44
134. 51
147. 23
112. 56
134. 09
149. 54
113. 52
136. 53
153. 56
114. 49
139.43
157.90
113.65
138. 24
159. 08
114. 77
139. 32
162. 60
116. 57
139. 00
160. 40
116. 28
139. 32
161.24
117. 50
138. 55
154. 76
119. 31
137. 03
151. 20
118. 00
134. 40
155. 18
119. 48
KR
WEEKLY AND HOURLY EARNINGS
Not Seasonally Adjusted
SUKVEY OF CUKRENT BUSINESS
March 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
19G6
1968
1967
1967
Annual
S-15
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
'129.58
r 140. 44
'- 97. 20
99.84
' 120. 22
Jan.
Feb.p
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
WEEKLY AND HOURLY EARNINGS— Con.
Not Seasonally Adjusted
Avg. weekly gross earnings per prod, worker on
manufacturing payrolls— Continued t
Durable goods
_
dollars_.
Ordnance and accessories
do
Lumber and wood products
do
Furniture and fixtures
do
Stone, clay, and glass products. . ' ' do
Primary metal industries—
Fabricated metal products- , _
Machinery, except electrical. _•
Electrical equip . and supplies
Transportation equipment. _. _ _
Instruments and related products
Miscellaneous manufacturing ind
122.09
134. 94
91.80
91.72
114.24
123. 60
135. 43
95.91
93.73
117.73
122.84
136. 63
90.80
90.63
113.71
120. 77
133. 22
91.08
90.12
112. 19
121.36
133. 54
93.09
90.74
113. 70
121. 18
132. 48
94.77
90.46
115. 23
122. 89
134. 08
95.18
91.25
116. 62
123.19
132. 25
97.27
93.09
117.46
122. 40
134.05
96. 64
92.40
118. 01
123.30
135. 11
96.88
95.06
119. 99
126. 05
138. 65
99. 72
97,41
121. 11
125. 44
137. 43
99.55
97.82
121. 25
126. 07
139.35
99.96
97.34
122.38
138.09
121. 69
134.90
109.18
141.86
114.93
88.80
136. 94
123. 26
135. 15
111. 76
142. 42
117. 01
92.59
138. 69
122. 89
137. 03
109.35
141. 02
115. 65
91.87
134. 97
120. 83
135.88
107.98
136. 21
114. 11
90.17
135. 38
120. 72
136. 20
108. 93
136. 49
115. 51
92.20
133. 57
121. 54
134.82
108. 35
137. 30
115. 77
91.57
134.64
123. 26
134. 30
110. 12
141.78
115.90
91.57
136. 12
122.84
134.09
111.88
141. 17
117. 01
92.20
136.27
121.66
133.24
111.32
140.29
116.28
90. 79
137. 50
123. 55
132. 82
111.76
143. 52
117.14
92.04
138. 58
126. 00
136. 10
112. 31
147. 48
118. 53
92.66
137. 90
124. 38
135. 46
114.09
146. 86
118. 53
93.53
141. 25 "•143.45 ' 144. 70
124. 92 '127.80 ' 126. 69
137. 05 139. 53 '136.78
115.87 r 117. 67 ' 115. 02
141.35 152. 01 '152.10
119. 36 '120.89 '116.98
94. 56
96.47 ' 95. 06
98.49
103.82
84.97
82.12
68.80
102. 03
107. 98
87.01
84.25
73.08
99.65
106. 08
83.16
81.61
70.40
99.18
105. 18
82.08
80.60
71.04
100. 08
106. 52
87.52
81.20
71.80
100. 22
105. 86
91.33
81.20
72.16
100. 73
107.18
90.30
82.22
71.80
101. 63
108. 50
94.41
82.82
72.52
102. 03
108. 62
91.44
81.41
72.16
102. 80
107.94
87.75
83.84
74.05
104. 66
109. 67
86.33
86.73
74.73
104. 14
107. 98
86.05
88.19
73.75
105.06 105.60 '103.60 106. 00
109.47 ' 110. 29 ' 109. 87 110. 55
83.42 '85.03 ' 85. 47 89.68
89.03 ' 89. 67 ' 84. 53 88.99
74.93
79. 06
74.88 '72.80
_ . do
do
do
. do
do...
do
119. 35
122. 61
125. 16
144. 58
112. 14
74.88
122. 84
125. 95
128. 96
152. 87
113. 85
79.07
119.84
123.97
126.16
144. 90
112. 19
77.20
119. 14
123.33
125. 25
147. 97
109.35
76.13
119. 71
125. 06
126.88
150. 94
110. 16
75.65
119. 00
124.03
127. 49
153. 15
110.30
75.19
120. 28
124.86
127. 10
153. 58
107. 57
77.04
122. 41
124. 86
128. 65
152. 72
109.03
79.28
123. 69
124.91
129.48
156.67
105.73
79.75
124. 41
126. 28
129. 17
153. 79
116.89
80.11
125. 85
128. 21
130. 31
155. 52
119. 71
80.26
125. 85
127. 25
130. 73
155.23
119. 99
80.43
125. 99 '127.74 124. 91 125. 08
127. 64 129. 75 '125.66 128. 52
132. 40 ' 132. 82 ' 132. 48 133.34
156.52 ' 150. 06 ' 157. 78 151. 66
120. 12 119. 55 117. 55 116.44
82.92 83.28 '81.11 85.28
do
do
do
do
79.02
111.38
68.57
92.50
82.35
116. 76
70. 95
96.57
80.30
114.09
69.15
94.61
80.22
114. 05
69.10
94.98
80.59
114. 74
69. 30
95.35
80.73
115. 26
69.80
95.83
81.09
115. 66
69.80
96.20
82.80
116. 64
71. 56
96.20
84. 15
117.62
72.96
97.20
84.15
116. 64
72.96
96.83
83.45
118. 08
71.66
97.31
82.90
118. 08
71.55
98.69
82.67 '83.45 '83.41 84.37
118.48 119.88 ' 118. 50 119. 70
71.34
72.80
72.11
72.22
98.42 99. 16 '99.90 100. 74
3.06
3.88
2.72
2.59
2.90
2.76
3.19
2.25
2.21
2.72
3.20
4.09
2.83
2.72
3.00
2.88
3.24
2. 38
2.32
2.83
3.17
4.02
2.78
2.67
2.96
2.84
3.23
2.27
2.26
2.76
3.16
4.00
2.79
2.68
2.96
2.84
3.21
2.30
2.27
2.77
3.16
3.99
2.79
2.69
2.96
2.85
3.21
2.31
2.28
2.78
3.18
3.99
2.80
2.70
2.97
2.86
3.20
2.34
2.29
2.79
3.17
4.02
2.81
2.70
2.99
2.87
3.20
2.35
2.31
2.81
3.19
4.02
2.82
2.71
2.99
2.88
3.21
2.39
2,31
2.81
3.22
4.08
2.82
2.71
3.00
2. 88
3.23
2.41
2.31
2.83
3.20
4.10
2.82
2.71
3.00
2.88
3.24
2.41
2.33
2.85
3.24
4.18
2.85
2.73
3.03
2.89
3.27
2.45
2.37
2.87
3.24
4.21
2. 85
2.74
3.03
2.90
3.28
2.44
2.38
2.88
3.24
4.21
2.88
2.76
3. 06
2.93
3.31
2.45
2.38
2.90
'3.26
'4.24
2. 91
2.79
3.10
2.96
'3.32
2.43
2.40
2.89
' 3. 31
'4.32
'2.95
'2.83
'3.13
'3.00
'3.33
'2.46
f 2. 39
'2.91
3.27
4.24
2.95
2.83
3.13
3.00
3.31
2.50
2.40
2.91
do
do
do
do
do
do
do
3.28
2.87
3.08
2.65
3.33
2.73
2.22
3.34
2.97
3.18
2.78
3.44
2.84
2.35
3.31
2.94
3.15
2.70
3.39
2.78
2.32
3.30
2.94
3.16
2.72
3.38
2.79
2.33
3.31
2.93
3.16
2.73
3.37
2.79
2.34
3.29
2.95
3.15
2.75
3.39
2.81
2.33
3.30
2.97
3.16
2.76
3.40
2.82
2.33
3.32
2.96
3.17
2.79
3.41
2.84
2.34
3, 34
2.96
3.18
2.79
3.43
2.85
2.34
3.37
2.97
3.17
2.78
3.45
2. 85
2.33
3.38
3.00
3.21
2.78
3.47
2.87
2.34
3.38
2.99
3.21
2.81
3.48
2.87
2.35
3.42
3.01
3.24
2.84
3.49
2.89
2.37
'3.44
'3.05
3.26
2.87
'3. 56
'2.92
2.43
'3.47
'3.09
' 3. 28
'2.89
'3.63
2.91
'2.45
3.48
3.09
3.29
2.90
3.62
2 92
2'. 46
do
do
do
do
do
do. _ - _
do
do
do
do...
do
do....
do
do
do
do
2.45
2.35
2.52
2.19
1.96
1.89
2.75
3.16
2.98
3.41
2.67
1.94
2.13
2.73
1.91
2.48
2.57
2.48
2.64
2.26
2.06
2.03
2.87
3.28
3.10
3.58
2.75
2.07
2.25
2.89
2.01
2.61
2.51
2.42
2.60
2.20
2.01
1.95
2.80
3.22
3.04
3.50
2.71
2.00
2.20
2.81
1.97
2.55
2.53
2.44
2.61
2.28
2.01
1.99
2.81
3.22
3.04
3.54
2.70
2.03
2.21
2.83
1.98
2.56
2.54
2.45
2.63
2.34
2.02
2.00
2.81
3.24
3.05
3.56
2.70
2.05
2.22
2.84
1.98
2.57
2.55
2.46
2.64
2.36
2. 02
2.01
2.82
3.23
3.05
3.57
2.71
2.06
2.23
2.86
2.00
2.59
2.55
2.46
2.64
2.37
2.03
2.00
2.83
3.26
3.07
3.58
2.63
2.06
2.24
2.87
2.00
2.60
2.56
2.46
2.64
2.39
2.03
2.02
2.86
3.26
3.10
3.56
2.64
2.07
2.25
2.88
2.01
2.60
2.57
2.47
2.63
2.40
2.02
2.01
2.89
3.27
3.12
3.61
2.63
2.05
2.25
2.89
2.01
2.62
2.57
2.47
2.62
2.25
2.04
2.04
2.90
3.28
3.12
3.56
2.77
2.07
2.25
2.88
2.01
2. 61
2.61
2.50
2.63
2.18
2.10
2.07
2.92
3.33
3.14
3.60
2.83
2.09
2.28
2.93
2.03
2.63
2.61
2.50
2.64
2.13
2.12
2. 06
2.92
3.34
3.15
3.61
2.85
2.10
2.29
2.93
2.05
2.66
2.62
2.52
2.67
2.15
2.13
2.07
2.93
3.35
3.16
3.64
2.86
2, 11
2.29
2.94
2.05
2.66
2.64
2.54
2.69
' 2. 22
2.14
2.08
2.95
3.37
3.17
'3.59
2.86
2. 13
' 2. 28
2.96
2.04
2.68
'2.67
'2.57
'2.74
'2.31
2. 14
' 2. 11
2.96
'3.36
'3.20
' 3. 73
'2.86
'2.14
2.33
2.97
2.09
'2.70
2.67
2.58
2.75
2.36
2.16
2.16
2.95
3.40
3.19
3.69
2.84
2.17
2.35
3.00
2.11
2.73
3:623
5.207
1.23
i 3. 106
3.887
5.527
1.33
3.748
5.355
1.33
3. 198
3. 752
5.364
3.757
5.371
3.832
5.464
3.876
5.533
3.978
5.627
4.009
5.713
4.040
5.747
1.42
4.061
5.750
3.269
3.212
3. 226
3.271
3.997
5.660
1.29
4.001
5.687
3.179
3.962
5.560
1.36
3.259
3.978
5.620
3.266'
3.757
5. ^74
1.34
3. 235
99.45
87.93
101. 26
87.07
100.08
87.25
98.86
86.11
99.30
86.35
99.40
86.21
100. 16
86.64
100. 93
87.01
100.27
86.07
101. 16
86.54
102. 61
87.63
103. 35
87.73 ' 88. 67
103. 75
87.48
53,111
44,234
38.7
54, 448
45, 173
38.2
98.69
2.55
101.99
2.67
53, 165
44, 079
38.2
38.4
99.70
2.61
53, 017
43,895
37.9
38.2
99.30
2.62
53,289
44, 136
38.0
38.2
99.56
2.62
do
do
do
do
do
..do.
do
Nondurable goods
do
Food and kindred products
do
Tobacco manufactures
.
do
Textile mill products
do
Apparel and other textile products...-- .do
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Kubber and plastics products, nee
Leather and leather products
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Average hourly gross earnings per production
worker on payrolls of nonagricultural estab.rf
Mining
dollars-..
Contract construction _ _ _ _ _ _ _ _
do
Manufacturing _ _ _ _
do
Excluding overtime.
do
Durable goods.
do
Excluding overtime.
_
do
Ordnance and accessories
do
Lumber and wood products... ..„ .do
Furniture and fixtures ..
do
Stone, clay, and glass products
do
Primary metal industries. _
Fabricated metal products. _ _ . _ _
Machinery, except electrical
Electrical equip, and supplies
Transportation equipment
Instruments and related products
Miscellaneous manufacturing ind
Nondurable goods—.
Excluding overtime
Food and kindred products
Tobacco manufactures.
Textile mill products
.
Apparel and other textile products
Paper and allied products
Printing and publishing
Chemicals and allied products
Petroleum and coal products
Rubber and plastics products, nee
Leather and leather products.—.
Wholesale and retail trade
Wholesale trade
Retail trade
Finance, insurance, and real estate
Miscellaneous hourly wages:
Construction wages, 20 cities (ENR) :§
Common labor
_
$perhr
Skilled labor.
....
_ do
Farm, without board or rm., Istofmo— — do .
Railroad wages (average, class I). __ . do
Spendable Weekly Earnings f
Spendable average weekly earnings per worker (with
three dependents) in manufacturing industries:
Current dollars
Constant dollars
1957-59 dollars
PRIVATE SECTOR SERIES
Not Seasonally Adjusted
Excludes government employees:
Employees, total, nonagricultural estab
thous. _
Production or nonsupervisory workers
do _
Hrs. (gross), av. weekly: Unadjusted-hours. _
Seasonally ad j_ do
Weekly earnings (gross), average
dollars..
Hourly earnings (gross), average
do . .
'1 Revised.
» Preliminary.
Includes adjustments not distributed by months.
102. 37
87.12
' 127. 39 128. 64
' 135. 53 133. 39
' 93. 73 98.00
' 92. 97
95.28
'116.98 120.47
145. 46
127. 93
138. 51
116.58
152. 04
117. 97
97.17
53, 631 53, 990 54, 850 54, 858 55,168 55, 057 55,038 55,459 ' 55, 848 54, 130 54, 362
44,440 44, 782 45,545 45. 493 45, 785 45, 696 45, 688 46,090 '46,449 '44,799 45, 013
37,8
38.2 '37.5
37.9
37.8
38.3
38.5
38.1
38.4
38.1
38.6
38.1
38.0 '37.7
38.0
38.0
38.1
38.2
38.2
38.0
38.3
38.4
103. 90 ' 103. 13 104. 33
99.41 100.06 101.88 103. 18 103. 45 104. 06 103. 25 103. 63
2.76
2.75
2.72
2.72
2.63
2.64
2.66
2.68
2.68
2.71
2.71
t See corresponding note, bottom of p. S-13.
§ Wages as of Mar. 1, 1968: Common labor, $4.061; skilled labor, $5,750.
SURVEY OF CURRENT BUSINESS
S-16
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
March 1968
1967
Annual
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
LABOR FORCE, EMPLOYMENT, AND EARNINGS—Continued
HELP-WANTED ADVERTISING
Seasonally adjusted index
_ _ 1957-59=100
LABOR TURNOVER
Manufacturing establishments: f
Unadjusted for seasonal variation:
Accession rate, total
mo. rate per 100 employees. _
New hires
-- _do_
Separation rate, total
_
___do
Quit
do
Layoff
do
Seasonally adjusted:
Accession rate total
do
New hires
do
Separation rate total
do
Quit
do
Layoff
_ _ _
do
INDUSTRIAL DISPUTES
Strikes and lockouts:
Beginning in period:
Work stoppages
_ .number. _
Workers involved
thous
In effect during month:
Work stoppages
number__
Workers involved
thous
Man-days idle during period
_ do_ _
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
Nonfarm placements
thous__
Unemployment insurance programs:
Insured unemployment, all programs©-, -do
State programs:
Initial claims
do
Insured unemployment, weekly avg do
Percent of covered employment:^
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 $
190
182
189
190
184
181
174
171
169
180
185
186
187
190
184
5.0
3.8
4.4
3.2
4.6
2.3
1.4
4.3
30
45
21
15
3.6
2 7
4 0
19
13
3.9
28
4 6
21
15
3.9
28
4.3
2 2
13
4.6
33
4 2
2 2
1l
5.9
4 5
4 3
23
1i
4.6
33
4 8
21
19
5.4
4.0
5.3
3.2
1.1
5.3
4.1
6.2
4.0
1.2
4.7
3.7
4.7
24
13
3.7
27
4.0
19
1.3
2.8
'2.0
'3.9
15
1.6
p4.5
p3. 0
P4.7
p2 0
p 1. 9
36
4 6
2 5
14
34
4 9
2 5
15
32
52
2 4
1.7
31
4 7
2 3
1.5
32
4 6
2 2
1.4
32
48
2 4
1.4
30
4 4
21
1.6
4 3
3.1
4.3
2.3
1.1
43
3.2
4.7
2.3
1.3
47
3.5
4.5
2.2
1.3
4 5
33
4.3
2.4
1.2
4 4
'3.4
r
4.1
2.4
1.1
v48
P3.6
p4.8
^2.4
pl.7
P 4, 475
v 2, 900
275
98
325
106
430
141
440
409
535
255
430
177
375
804
385
86
405
375
405
158
300
197
190
65
310
135
25, 400 p 41, 000
440
190
1 270
465
151
1,280
575
202
1 490
600
443
2,170
695
402
3,900
670
350
4,360
630
1 010
4 710
655
231
2,840
670
484
6,320
645
440
6,510
530
388
3,060
400
194
2,610
P 191
470
211
2,520
4.6
2 6
12
4,405
1,960
6,493
5,817
440
407
460
476
507
537
487
552
558
540
460
380
419
1,123
1, 270
1 631
1,654
1,603
1,423
1,197
1,070
1,246
1,122
955
953
1,068
1,338
1,693
10 575
1 061
11 760
1, 205
1 346
1 558
1 087
1,582
1 061
1,532
1,005
1,360
848
1,142
803
1,019
1 218
1,184
872
1,059
663
894
798
889
910
997
1,149
1,259
1,460
1,624
2.3
2 5
33
2.4
1,276
224 8
3.4
2.5
1,349
219.5
3.3
2.6
1,374
257.5
2.9
2.7
1,244
200.6
2.4
2.7
1,014
183.6
2 1
2.6
925
156 1
2 4
2.8
907
147.3
2.2
2.6
946
172.8
1.8
2.4
759
122.6
1.8
2.4
713
122.1
2.0
2.3
776
134.9
2.6
2.3
942
159.2
3.3
2.3
1,317
248.5
895
1, 017
1 771 2 092 3
21
20
23
24
22
19
18
18
20
19
18
20
21
23
28
182
21
19
39 5
222
23
21
46 3
19
25
22
4 0
15.
25
23
39
16
24
22
4 2
14
21
21
36
14
19
18
34
17
19
19
35
22
24
18
31
21
25
23
4.4
18
22
21
3.7
20
22
19
35
22
26
21
4 0
25
33
26
4.6
31
40
36
6.9
145
20
39 3
241
246
40 6
11
25
3.5
6
24
38
5
23
4'. 2
4
20
30
3
17
2.8
15
14
2 5
21
17
21
12
18
3.2
15
21
2.9
56
21
4 2
54
23
4.1
39
23
4.4
25
2.7
4.7
116
044
976
068
4,103
16 816
4 979
11 837
4,146
16 220
5 124
11 096
4,136
16 777
5 186
11 591
4, 218
17, 147
5,136
12 Oil
4,317
17 084
4,901
12 183
4,312
18, 370
5,216
13, 154
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
317
084
901
183
3 601
14 718
3' 449
11 269
3 575
15 199
3' 781
11 418
3 704
16 034
4 360
11 674
3 830
16 249
4 356
11 893
3
17
4
12
9 452
10 848
9 560
9 721
9 937
10 103
10 280
10 435
10 605
10, 661
10, 624
10, 661
10, 675
10, 848
11,012
4 958
1 290
3 205
5 609
1 506
3 733
4 986
1 323
3 251
5 036
1 342
3 343
5 111
5 175
1 337
3 590
5 248
1 316
3 716
5 303
1 296
3 836
5 358
1 335
3 911
5 404
1,368
3 889
5 449
1,384
3 790
5 502
1,438
3 721
5,546
1,475
3,654
5,609
1,506
3,733
5,661
1,565
3,785
6 348 2
2 734 5
3 613 7
1 409 2
2 172 5 2 238 1 2' 204 5
6 637 2
2 Q04 i
3 733 1
1 476 4
2 256 7
3 603
13 279
3 089
10 190
4
17
4
12
1*363
3*463
964
067
713
354
4
16
4
11
131
150
934
216
4
17
4
12
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted:
Total (233 SMS A's)O
bil $
New York SMSA
do
Total 232 SMSA's (except N.Y )
do
6 other leading SMSA's f
do
226 other SMSA's
do
5 923 1
2 502 2
3 420 9
l' 328 1
2 092 7
Federal Reserve banks, condition, end of period:
Assets, total 9 _
-_ _
mil $
70 332
75 330
67 493
67 490
67 385
69 015
68 862
70 13 T
70 516
70 126
71 193
71 383
73 418
75, 330
74, 319
73, 453
47, 192
173
4.4, 282
12 674
51, 948
141
49, 112
11 481
45, 602
71
43, 464
12 678
45, 799
165
43, 971
12 626
46, 507
42
44, 908
12, 611
47, 267
54
45, 460
12 604
47, 799
415
46, 066
12 608
48, 268
68
46, 718
12 610
47, 603
41
46,804
12,604
48, 363
36
46, 555
12, 499
48, 860
74
46, 916
12 510
48, 873
120
47, 390
12, 410
50,869
76
48, 931
12, 392
51, 948 51,434
843
141
49, 112 '49,092
11,481 11, 484
51, 047
166
48, 952
11, 384
70 332
75 330
67 493
67 490
67 385
69 015
68 862
70 135
70 516
70 126
71 193
71, 383
73418
75, 330
74,319
73, 453
22 837 22, 920
20,648 20, 999
41, 488 42, 369
23, 614
21.838
41,365
23, 031
21, 186
41, 211
27.1
27.8
27.6
Reserve bank credit outstanding, total 9 _.do
Discounts and advances
_ _ _ _ do
U.S. Government securities
do
Gold certificate reserves
do
Liabilities, total 9
Deposits, total _ ___
Member-bank reserve balances
Federal Reserve notes in circulation
do
do
do
do
Ratio of gold certificate reserves to FR note
liabilities
percent..
r
6
2
3
1
2
409 1
847 3
561 8
362 2
199 6
20 972
19, 794
40, 196
22 920
20, 999
42, 369
20 171
18, 773
39, 216
31.5
27.1
32.3
6
2
3
1
294 9 6 315 9 6 553 5
724 79 2 756 6 2 864 0
570 3 559 3 3 689 5
389 5 1 386 8 1 451 4
9 IgQ 7
7
19 § 9
3 831 6 3* 882 1 3 847 0 3 890 6 3 896 9 3, 897. 3 4, 046. 0
1 560 5 l' 575 0 1,513 6 1 537 7 1 557 8 1,515.4 1, 584. 8
2 271 1 2 307 1 2 333 4 2 352 9 2 339 1 2, 381. 9 2, 461. 2
39, 115
20 561
19, 148
39, 013
21 353
19, 410
39, 070
20 844
19, 634
39, 499
21 474
19, 505
39, 934
20 813
18, 877
40, 199
21 433
19, 789
40, 363
22 072
20, 686
40, 413
21 877
20, 604
40, 628
32.3
32.3
32.3
31.9
31.6
31.4
31.0
31.0
30.5
18,916
Re vised.
p Preliminary.
fSee corresponding note, bottom of p. S-13.
0Excludes persons under extended duration provisions.
d"Insured unemployment as % of average covered employment in a 12-month period.
6 688 7 7 067 8 6 799 4 6 993 0 6 997 7 7, 047. 0 7, 369. 4
2 857 1 3 185 7 2 952*4 3 102 4 3 100 8 3, 149. 7 3, 323. 4
29.9
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.
SUKVEY OF CURRENT BUSINESS
March 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
1967
1967
1966
S-17
End of year
Feb.
Jan.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dee.
23,518
23,098
23, 907
23, 548
23,791
23,404
24, 200
23,842
24,608
24, 322
24,740
24,337
87
272
89
298
25, 260 '25,834
24, 915 '25,453
r
345
381
238
237
'144
107
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, an dcorp
do
State and local Governments
_do_--_
U.S. Government
_
.
do ..
Domestic commercial banks. .
do.
Time, total 9 _ .
do
Individuals, partnerships, and corp.:
Savings
do
Other time
- _
do
Loans (adjusted) , totald"
Commercial and industrial
For purchasing or carrying securities.
To nonbankfinancialinstitutions
Real estate loans.
_
Other loans
.
i 23, 830 i 25, 260
23,709
23, 351
23, 405
22, 970
75, 120
114, 765
83, 108
6,137
3,882
13, 838
81, 848 73, 703 72, 600 72, 841 71,484
127, 277 111, 768 109, 635 106, 592 110, 455
92, 380 79, 215 79, 254 77, 469 77,831
6,310
5,937
6,771
6,229
6,231
2,944
3,752
6,150
3 355
3 818
15, 752 13, 481 13, 236 12, 462 12, 927
89, 639
47 213
29, 002
102 921
48 864
38 273
373
389
-16
92 985
46 459
32 425
358
362
-4
94, 240
46 609
33 024
435
199
236
309
134
175
23, 284
22, 914
370
420
101
269
123
297
359
387
358
90
268
286
126
160
403
133
270
Automobile paper
Other consumer goods paper
Repair and modernization loans .
Personal loans
By type of holder:
Financial institutions, total.
Commercial banks
....
Salesfinancecompanies
Credit unions
Consumer finance companies
Other
._ _
390
361
29
72, 891 73, 173 74,348 73, 321 74,395 77,183 76,649 81,848 78, 598 75, 721
111,495 109, 403 112, 459 107, 686 113,043 118, 625 113, 421 127, 277 '120,128 116, 456
79, 782 79, 244 81, 030 79, 157 81,444 84,808 83, 521 92, 380 86, 053 82, 761
5,607
6,683
6,301
5,665
6,231
5,984
5,503
6,249
5,920
6,089
3,368
5,353
4,031
2,322
5,467
3,818
6, 515
2,705
3,103
3,458
13, 490 12, 701 13, 445 12, 643 12,846 13,960 12, 774 15, 752 13, 298 12, 785
96, 133
96, 569
97, 829
98, 848 100 731 101, 827 101,659 102, 189 102,969 102, 921 104,178 104, 961
47 098
34 039
46 970
33, 769
47,285
34 707
47, 739
35,117
47 836
36 604
47, 957
37, 449
48, 349
37, 174
48,438
37,949
48, 533
38, 788
48,864
38, 273
48, 516
39, 639
48, 620
39, 910
61 804
28,371
22 322
33* 433
53 163
25, 758
20 246
27* 405
54 147
25' 629
21 058
28* 518
56 038
26, 770
21 248
29 268
56, 033
25, 326
21 446
30, 707
56 269
25,398
21 544
30 871
55, 783
24, 126
21 335
31 657
58 268
26, 004
21 041
32 264
59,321
26, 903
22, 274
32, 418
59, 717
27, 043
21, 978
32, 674
61,677
28,915
21,842
32, 762
61, 485
28,400
22, 436
33, 085
61, 804
28,371
22,322
33, 433
62, 057
28,080
22, 057
33, 977
62, 927
28, 738
23 871
34, 189
344
224
60
60
314
210
54
49
318 0
211 0
55 9
51 1
321 4
211 3
57 8
52 3
323.2
213.5
56 1
53.6
324 6
213.5
56 1
55 0
325 6
213.9
55 4
56.3
332
217
58
56
337.3
218.2
61 8
57.3
339.5
220.2
61.6
57.7
342.6
221.8
62 3
58.6
344.3
222. 3
61.8
60.2
344. 4
224.0
60.0
60.4
348.4
227.2
59 1
62.1
352.4
228.3
61 8
62.3
4
0
0
4
4
4
2
9
4
1
8
5
5.95
5.67
6.32
5.91
5.93
6.04
6. 05
6.13
5.86
6 45
6.12
6.07
6.18
6.26
5.96
5.71
6.29
5.91
5.94
6.03
6.03
5.95
5.66
6.29
5.92
5.92
6.01
6.02
4.50
5 88
6 02
4.50
6 38
6 00
4.50
6.38
6 00
4.50
6.17
6 00
4.00
6.03
6.00
4.00
5.78
6.00
4.00
5.72
6.00
4.00
5.63
6.00
4.00
5.62
6.00
4.00
5.64
6.00
4.00
5.66
6.00
4.50
5.78
6.00
4.50
5.82
6.24
4.50
5.98
6.68
4.50
36.33
36.40
'6.45
'6.60
'6.39
6.50
'6.34
6.44
'6.31
'6.34
'6.25
'6.29
'6.23
'6.28
'6.31
'6.30
'6.28
'6.34
'6.31
'6.36
'6.34
'6.39
'6.33
'6.42
' 6. 41
6.51
6.39
6.46
6.57
4. 75
5. 10
4. 89
5. 66
5.23
5.73
5.50
6.20
4.88
5.38
5.19
5.75
4.68
5.24
5.01
5. 75
4.29
4.83
4.57
5.50
4.27
4.67
4.41
5.50
4.40
4.65
4.40
5.50
4.58
4.92
4.70
5.50
4.77
5.00
4.75
5.50
4.76
5.00
4.77
5.50
4.88
5.07
4.96
5.50
4.98
5.28
5.17
5.68
5.43
5.56
5.43
6.00
5.40
5.60
'5.46
6.00
5.23
5.50
5.25
6.00
4. 321
5 07
4.759
4 71
4.554
4 73
4.288
4 52
3.852
4.46
3.640
4.68
3.480
4.96
4.308
5.17
4.275
5.28
4.451
5.40
4.588
5.52
4.762
5.73
5.012
5.72
5.081
5.53
4.969
5.59
3
3
4
4
4
4
4
4
94 786
99 228
93 479
92 517
92, 519
93, 089
93, 917
94, 813
95, 115
95, 684
95, 886
96,094
96, 802
99, 228
98, 225
do
Installment credit, total
25, 610
25, 220
do
134 761 143 966 133 268 132 359 133 027 134 237 133,108 136,043 137 270 135, 488 138, 009 139, 220 138,204 143, 966 141, 762 140, 511
do
60 779
66* 290 60 385 60 730 61 962 62,648 61,836 63, 784 63 445 62, 189 63,372 63, 401 63, 733 66, 290 64, 994 65, 057
6,817
8,360
do
7,024
7,247
7, 791
7,562
6,302
8,350
6,050
6,901
6,799
6 642
6,691
7 419
7 455
8 350
do. . _ 11, 228 10 470 10 280 9, 942 9,612 9,723 9,634 10, 270 9 907 9,495 10, 185 10,428 9, 773 10, 470 9, 676
9,303
do
27 492
28 988 27 290 27 168 27 131 27, 087 27, 296 27, 547 27 797 28, 094 28, 337 28, 531 28,754 28, 988 29, 035 29, 106
do
34 729
37 700 34 235 33 808 33 852 34,068 34, 510 35, 231 34 992 35, 273 35, 466 35, 730 35,597 37, 700 36, 293 36, 431
CONSUMER CREDIT
(Short- and Intermediate-term)
Total outstanding, end of year or month
mil. $
74 656
77 946
74 015
73 598
73, 591
73, 840
74, 290
75, 051
75, 348
75, 889
76, 039
76, 223
76,680
77, 946
77, 467
do
. do
do
do
30 961
19 834
3 751
20 110
31
21
3
21
30
19
3
19
689
649
703
974
30 530
19 426
3 666
19 976
30, 527
19, 369
3,648
20 047
30, 635
19, 376
3,636
20 193
30, 852
19, 442
3,670
20, 326
31, 208
19, 580
3,696
20, 567
31, 364
19,607
3,711
20, 666
31, 455
19, 755
3,743
20 936
31,296
19, 914
3,742
21, 087
31, 237
20, 042
3,746
21, 198
31,217
20,340
3,748
21, 375
31,197
21, 328
3,731
21 690
31, 061
21, 097
3,678
21, 631
65 565
32 155
16 936
8 549
6 014
1 911
68 273
33 992
16 851
9 169
6 294
1 967
65 162
32 033
16 814
8 443
5 969
1 903
64 966
31 967
16, 696
8 429
5,965
1 909
65, 006 65, 298
32 068 32, 299
16, 593 16, 590
8,561
8 485
5,951
5,951
1 909 1 897
65, 733
32, 560
16, 615
8,665
5,947
1,946
66, 452
32, 966
16, 721
8,826
5,995
1,944
66,781
33, 235
16, 747
8,864
6,009
1, 926
67, 273
33, 536
16, 755
8,991
6,036
1,955
67, 376
33, 637
16, 701
9,026
6,067
1,945
67, 513
33, 723
16, 698
9,054
6,086
1,952
67, 763
33, 819
16, 722
9,113
6,138
1, 971
68, 273
33, 992
16,851
9,169
6,294
1,967
68,076
34, 017
16, 775
9,063
6,251
1,970
9 091
9 673
8 853
8,632
8,585
8,542
8,557
8,567
8,616
8,663
8,710
8,917
9, 391
507
506
506
9,673
490
494
8,599
486
18 928
7 769
6 647
1,122
5 809
19 249
7 890
6 758
1,132
5 923
19, 627
8,017
6,848
1,169
6,231
19, 795
8,136
6,950
1, 186
6,368
1,057
5, 291
19, 847
8,179
6,994
1,185
6,387
1,083
5,281
19, 871
8,189
7,001
1,188
6,471
1,056
5,211
20, 122
8,237
7,034
1,203
6,614
1,046
5,271
21 282
8 267
7,064
' 1, 203
7, 595
1,054
5,420
20, 758
8,288
7,075
1,213
6,970
1,081
5,500
do
do
do ..
do
do
do
do •
do
do
do
do
do
do
do
do
490
20 130
7 844
6 714
1 130
7 144
874
5.142
197
328
731
690
506
488
485
91 989
19 464
7 779
6 659
1 120
6 472
18 919
7 754
6 634
1 120
5 824
8 267
7 064
1 203
7 5Q5
1 054
5.420
908
895
898
5. 213
5.341
5.350
' Revised.
! Average for Dec.
2 Effective with the June 9 change in Federal Reserve regulations,
data exclude loan balances accumulated for payment of personal loans (about $11 bil.); beginning June 30, about $14bil. of certificates, formerly in "other loans," are in "other securities."
3
Average for year.
Daily average.
cf For demand deposits, the term "adjusted" denotes demand deposits other than domestic
commercial interbank and U.S. Government, less cash items in process of coUection; for
23,362
23,053
i 24, 915
1345
1238
1107
Investments, total
_
do
51 502
U.S. Government securities, total
do
24,803
Notes and bonds
do
19 816
Other securities
do
26 699
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates) , seas. adj. :J
2
Total loans and investments©
_
bil $
310 2
2
Loans©
do
207 8
U.S. Government securities
do
53 7
2
Other securities
do
48 7
Money and interest rates: §
Bank rates on short-term business loans: t
In 35 centers
percent per annum
New York City
_.
do .
7 other northeast centers
do
8 north central centers _ _ _
do
7 southeast centers
do
8 southwest centers
do...
4 west coast centers
do
Discount rate (N.Y.F.R. Bank), end of year or
month
percent. _
4.50
3
Federal intermediate credit bank loans. ..do .
5.82
3
Federal land bank loans _ _
do
5 74
Home mortgage rates (conventional 1st mortgages) :J
New home purchase (U.S. avg.)
percent.. '36.14
Existing home purchase (U.S. avg.)
.do
' 3 6. 30
Open market rates, New York City:
Bankers' acceptances (prime, 90 days) _ _ _do_._- 4 5. 36
Commercial paper (prune, 4-6 months).. do _. 4 5. 55
Finance Co. paper placed directly ,3-6 mo. do.... 4 5. 42
4
Stock Exchange call loans, going rate
do
5. 78
Yield on U.S. Government securities (taxable):
3-month bills (rate on new issue)
percent.. 4 4. 881
4
3-5 year issues
do
5 16
Retail outlets, total
Automobile dealers
Noninstallment credit, total
Single-payment loans, total
Commercial banks. _
"
Other financial institutions
Charge accounts, total
Credit cards
Service credit. _.
24,075
23,702
i 23, 438
1392
1557
i -165
922
939
502
506
19, 762
8,077
6,902
1,175
6,334
19, 767
8,100
6, 927
1,173
6, 346
1,024
5,321
965
508
506
504
5,351
5,379
5,436
loans, exclusive of loans to domestic commercial banks and after deduction of valuation
reserves (individual loan items are shown gross; i.e., before deduction of valuation reserves).
9Includes data not shown separately.
{Revised monthly data for commercial bank credit
(1948-66) appear in the Sept. 1967 Fed. Reserve Bulletin; those for home mortgage rates for
1965-66 will be shown later.
©Adjusted to exclude interbank loans.
§For bond yields,
see p. S-20.
fBeginning Feb. 1967, series revised to cover 35 centers and exclude rates for
certain loans formerly included (see May 1967 Federal Reserve Bulletin).
SURVEY OF CURRENT BUSINESS
S-18
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual
March 1968
1968
1967
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FINANCE—Continued
CONSUMER CREDIT— Continued
Installment credit extended and repaid:
Unadjusted:
Extended, total
Automobile paper
Other consumer goods paper
All other
^
mil. $
do
do
do
Seasonally adjusted:
Extended, total
Automobile paper
Other consumer goods paper
All other
Repaid, total- _
Automobile paper
Other consumer goods paper
All other
.
d
5,674
1, 923
1,808
1,943
5,488
1,916
1, 655
1,917
6,641
2,350
1,985
2,306
6, 495
2,294
1,927
2,274
7,062
2,559
2,074
2,429
7,458
2,678
2,155
2,625
6,859
2,396
2,071
2,392
7, 223
2,392
2,229
2,602
6,590
2,042
2, 205
2,343
6,912
2,355
2,215
2,342
7,032
2,222
2,375
2,435
7, 829
2,094
3,088
2, 647
6,363
2, 178
1,992
2,193
72,805
26, 373
21, 361
25, 071
77,973
26,985
24, 293
26,695
6,315
2,195
1,993
2,127
5,905
2,075
1,878
1,952
6,648
2,353
2,042
2,253
6,246
2,186
1,920
2,140
6,612
2,342
2,008
2,262
6,697
2,322
2,017
2,358
6,562
2,240
2,044
2,278
6,682
2,301
2,081
2,300
6,440
2,201
2,046
2,193
6,728
2,414
2,087
2,227
6,575
2,242
2,077
2,256
6,563
2,114
2,100
2,349
6,842
2,314
2,223
2,305
do
do
do
do
_ _
81, 263
27, 221
25, 787
28,255
do
do
do
do
Repaid, total
Automobile paper
Other consumer goods paper
All other
78,896
28, 491
23, 502
26, 903
6,501
2,240
2,031
2,230
6,497
2,177
2,099
2,221
6,510
2,199
2,049
2,262
6,606
2,217
2,095
2,294
6,554
2,238
2,032
2,284
6,823
2,338
2,081
2,404
6,776
2,266
2,147
2,363
6,929
2,285
2,212
2,432
6,973
2,322
2,234
2,417
6,942
2,321
2,165
2,456
7,032
2,305
2,242
2,485
7,035
2,306
2,321
2,408
7,089
2,437
2,223
2, 429
o
do
do
do
6,221
2,202
1,882
2, 137
6,281
2,217
1,915
2,149
6,246
2,193
1,899
2,154
6,393
2,235
1,968
2,190
6,361
2,219
1,948
2,194
6,531
2,281
1,995
2,255
6,551
2,228
2,074
2,249
6,585
2,240
2,079
2,266
6,689
2,280
2,106
2,303
6,631
2,301
2,093
2,237
6,614
2,240
2,105
2,269
6,652
2,250
2,167
2,235
6,691
2,302
2,088
2,301
11, 251
11,641
-390
12,308
11, 852
456
14, 490
13, 167
1,323
8,739 11, 032
15, 176
14,201 14,815 15, 202
975 -6,076 -4, 170
12, 734
13,434
-699
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the public: d"
Receipts from
mil $
Payments to
do
Excess of receipts or payments ( — )
do
Seasonally adjusted, quarterly totals: §
Receipts from
bil $
Payments to
do
Excess of receipts or payments ( — )
do
Receipts and expenditures ("national income and
product accounts basis), qtrly. totals, seas,
adj. at annual rates:
Receipts
bil $
Expenditures
do
Surplus or deficit (—)
do
145, 136
150, 868
-5, 731
156, 300
163, 571
-7,270
17,070 11, 295
11, 189 14, 445
5,881 -3, 150
21,501 8,938 11, 766
12, 762 14,538 16, 325
8,739 -5, 600 -4, 559
39 2
38 S
4
38.5
38.1
.4
38.5
43.4
-4.9
38.8
43.3
-4.5
149 1
160.9
11 9
148.1
162.8
—14.7
152.7
165.9
-13.2
157.4
167.9
-10.5
143.2
142.9
.3
151.8
164.3
12 5
mil $
do
do
146, 863
110,802
1,930
160,057
117,708
1,989
11, 324
9,386
160
12, 046
7,757
134
16, 527
11, 395
170
19,225
13, 534
150
12,072
6,289
166
22,072
18,304
176
9,018
6,371
160
10, 768
7,301
178
15,090
12, 404
163
8,979
6,823
179
10, 225
7,529
193
12,711
10, 616
160
do
do
do
do
66,151
31, 986
24, 059
22, 736
72, 088
34,218
27,917
23,845
6,749
823
1,673
1,918
6,212
635
3,352
1,713
5,016
6,728
2,353
2,261
9,807
4,295
3,157
1,817
5,687
1,065
3,033
2,120
7,275
9,328
2, 566
2,728
4,107
946
1,970
1,835
5,375
642
2,646
1,927
7,100
4,032
2,106
1,689
4,468
913
1,390
2, 029
5,463
588
2, 107
1,872
4,828
4,224
1,565
1,935
do
do
do
do
do
118, 078
12, 752
5,838
64, 271
35, 872
131,698
13, 769
6,288
76, 252
36, 058
9,987
1,173
467
6,201
2,238
9,459
1,108
562
5,758
2,048
11, 699
1,154
548
6,893
3,112
9,464
1,127
480
6,303
1,567
10,915
1,103
565
6,125
3,130
10, 131
1,127
428
6,113
2,505
11, 502
1,142
543
6,425
3,440
12, 730
1,128
550
6,792
4,364
12,468
1,145
543
6,586
4,257
11, 530
1,154
509
6,628
3,391
11, 730
1,174
586
6,411
3,570
10, 084
1,234
417
6,017
2,436
Public debt and guaranteed obligations:
Gross debt (direct), end of yr. or mo., totaL.bil. $_. i 329. 32 i 344. 66 328. 87
Interest bearing, total
do
i 325. 02 i 341. 19 324.94
Public issues
_
do
i 273. 03 i 283. 96 273. 69
16.90
Held by U.S. Govt. investment accts.do
1 16. 69 i 18. 70
Special issues
do
i 51. 99 i 57. 23 51.25
329.62
325. 69
274. 20
18.04
51. 49
330. 95
327. 01
274.95
18.51
52.06
327. 80
323. 88
272. 23
18.65
51.65
330.89
326.99
271. 82
19.33
55.17
326.22
322. 29
266. 13
19.55
56.16
330.64
327. 13
270. 92
19.16
56.21
335. 85
332. 41
274. 10
18.83
58.31
335. 90
332. 45
274. 71
18.61
57.74
340. 50
337. 04
279. 87
18.68
57.17
345. 09
341. 57
284. 20
18.80
57.37
344. 66
341. 19
283.96
18.70
57.23
346. 26
342.81
286. 88
18.70
55.93
351. 56
348. 31
291. 07
Budget receipts and expenditures:
Receipts total
Receipts, netf
Customs
Individual income taxes
Corporation income taxes
Employment taxes
Other internal revenue and receipts
Expenditures totalf
Interest on public debt
Veterans' benefits and services
National defense
All other expenditures
_
8,152
940
1,517
57.24
i 4, 30
13.47
3.93
3.93
3.94
3.93
3.89
3.94
3.50
3.44
3.45
3.46
3.52
3.47
3.45
3.24
1.49
1.55
.50
.51
.51
.51
.51
.51
.52
.52
.52
.52
.54
.55
.55
.55
i 50. 92
4.86
6.00
i 51. 71
4.90
5.79
50.93
.49
.63
51.01
.43
.47
51.09
.46
.52
51.16
.39
.45
51.24
.44
.48
51.30
.41
.50
51.41
.41
.47
51.46
.39
.48
51.50
.35
.46
51.59
.40
.44
51.67
.37
.43
51.71
.35
.47
51.70
.46
.63
51.73
.42
.53
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies J
bil. $._ i 167. 02
i 71 90
Bonds (book value), total
do
Stocks (book value) total
do
18.76
Mortgage loans, total
do
i 64. 61
Nonfarm
do
i 59. 37
168.21
72.34
7.50
65.19
59.96
168.93
72.59
7.58
65.50
60.26
169. 86
72.81
7.81
65.80
60.52
170. 57
72.98
7.91
66.02
60.72
171. 24
73.26
8.00
66.25
60.92
171. 88
73.48
8.12
66.41
61.04
173. 13
74.37
8.34
66.32
60.92
173. 84
74.76
8.46
66.51
61.07
174. 66
74.96
8.62
66.70
61.24
175. 39
75.37
8.72
66.88
61.40
176. 18
75.63
8.84
67.10
61.60
177. 20
75.49
9.00
67.60
62.04
i 4 88
19.12
i 1 53
»6.23
4.88
9.25
1.40
7.64
4.89
9.34
1.33
7.70
4.92
9.44
1.26
7.82
4.94
9.54
1.18
8.00
4.95
9.62
1.35
7.80
4.99
9.70
1.30
7.89
5.03
9.74
1.46
7.87
5.05
9.81
1.34
7.92
5.08
9.88
1.34
8.09
5.10
9.93
1.43
7.95
5.16
10.00
1.45
8.01
5.18
10.08
1.56
8.30
Noninterest bearing and matured
__do
Guaranteed obligations not owned by U.S. Treasury, end of year or month _ _ _ _ _
bil. $
U.S. savings bonds:
Amount outstanding, end of yr. or mo___do
Sales, series E and H
do
Redemptions
,do
LIFE INSURANCE
Real estate
Policy loans and premium notes
Cash
_
Other assets
do
do
do
do
Payments to policyholders and beneficiaries in
U.S., total
mil. $__ 12, 342. 2 13,293.6 1, 048. 2
456. 0
Death benefits
do
5, 218. 2 5, 665. 3
93.2
Matured endowments
do
981.6 1, 017. 1
14.8
174.6
Disability payments
do
169.3
Annuity payments
Surrender values
Policy dividends
r
1
_
do
do
do
1, 152. 6 1,261.3
2, 120. 6 2, 243. 1
2, 699. 9 2, 932. 2
116.5
177.7
190.0
968.1 1, 236. 8 1, 034. 1 1, 103. 2 1, 137. 5
416.6
492.1 477.4
542.3 454.5
87.9
82.7
80.0
85.6
95.9
17.5
13.4
13.7
16.5
15.1
98.8
167.1
192.2
108.1
206.0
268.0
Revised.
*> Preliminary.
End of year; assets of life insurance companies are annual statement values.
cfOther than borrowing.
§ Revisions for 1958-66 appear in the Treasury Bulletin (Dec.
99.3
189.6
194.3
101.1
195.7
213.6
102.2
199.2
253.3
969.0 1, 166. 8 1, 118. 8 1, 078. 1 1, 059. 6 1, 373. 4
520.5
465.4
447.3
453.9
429.6 509.7
80.8
87.1
96.0
78.8
71.6
77.5
12.9
13.0
14.3
16.6
13.5
13.3
102.5
169.2
182.6
102.8
198.0
265.5
121.0
180.6
267.9
109.8
184.2
218.6
107.4
184.0
210.6
91.8
191.8
475. 6
IfData for net receipts and total expenditures reflect exclusion of certain interfund
transactions.
tRevisions for Apr.-Dec. 1966 will be shown later.
March 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
SURVEY
1966
OF. CURRENT BUSINESS
1968
1967
1967
Annual
S-19
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association^
Insurance written (new paid-for insurance) :
Value, estimated total
mil $ r!21 990 *141 799 r 8 536 r 9 566 r ll 992 r!0 715
r
Ordinary
_
do
87 332
93 488 r 6 439 r 6 864 r8 392 r 7 615
r
Group and mass-marketed ordinary _ do
27 580 i 41, 257 r I 551 r2 135 r 2 959 r2 484
r 567
r 546
r 641
Industrial
do
r 7 078
r 616
7 054
Premiums collected:
Total life insurance premiums
do
16, 090
1,283
16, 906
1,346
1,331
1,460
Ordinary....
_.
_
do
12 063
12 668
1 038
964
1 115 1 014
Group and mass-marketed ordinary
do. __
2,660
2,907
226
201
244
218
99
Industrial .
...
do
1 367
1 332
93
107
101
MONETARY STATISTICS
Gold and silver:
Gold:
Monetary stock, U.S. (end of period) __ .mil. $_. 13, 159
11,982
Net release from earmark!
_•_
do
-50
-86
Exports
thous $
457 333 1 005 199
Imports
do
42 004
32 547
Production, world total
mil. $ 2 1, 445. 0
South Africa..
do
1,080 8 1 061 6
Canada
do
114. 6
United States
do
63.1
Silver:
Exports
. _ __ •
thous $
114 325 104 776
Imports..
_
do
78 378
80 178
Price at New York
dol per fine oz
1 293
1 550
Production:
Canada
thous. fine oz.
32,820
Mexico
do
41, 984
United States
do
45,047
Currency in circulation (end of period)
bil. $_
44.7
47.2
Money supply and related data (avg. of dailyfig.):
Unadjusted for seasonal variation:
Total money supply...
bil. $
169 8
176 4
Currency outside banks..
. _ do
37.5
39.4
Demand deposits _
do
132 3
137 0
Time deposits adjusted!
do
3 154. 0
173.2
U.S. Government demand deposits
do
4.9
5.0
Adjusted for seasonal variation:
Total money supply
do
Currency outside banks..
.do
Demand deposits
. _ do
Time deposits adjusted^
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted'.
Total (233 SM S A 's)O ..ratio of debits to deposits. _
52.8
New York SMSA
do
109.4
Total 232 SMSA's (except N.Y.).
_ do
38.3
6 other leading SMSA'stf
do
50.1
226 other SMS A 's__.
do
33.3
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. $
13, 157
-15
170
13, 107
-23
56
13, 107
12
285
3 002
2 644
r 643
r
r
r 586
1,476
1 104
267
105
r
!0 140
r 7 277
r
2 298
r 565
r
ll 683
r
8 428
T
2r 650
605
1,444
1 107
rl
r
ll 425 T
r
8 428 rl
r
2 424
r
24 089
573
1,372
1,040
1 361
1 041
1,399
1 054
1,405
^ 1 050
1,315
257
98
990
231
93
13, 108
1
13,008
13,006
12,905
—8
-32
77
104
226
73
241
104
225
95
13, 109
—3
13, 109
3
13, 110
63
490
162
r
!0 626
7 201 r 7 838
1 956 r 2 222
r 575
r 566
r 9 739
— 17
1
232
105
235
96
12,908
!4,932
r
9 122
7, 198
1,423
571
501
1,715
1,151
1,421
1,088
328
235
230
103
11, 982
—221
11, 984
52
8 586
11, 882
969 1 002 523 1 503
1 612
3 348
1 494
2 326
2 239
2 530
2 041
3 331
8 219
1 771
1 126
2 510
3 201
89 5
87
87 8
89
89 5
91
89 1
89
91 2
89
89 1
9 1
88 9
8 4
90 5
83
89 9
80
84 1
86
90 0
82 0
90 3
14 755
7 494
1 293
9 018
6 399
1 293
10 693
6 136
1 293
11 072
8 451
1 293
15 149
8 159
1 296
19 786
10 120
1 301
2 912
4 021
1 593
1 722
8 520
1 750
4 094
5 839
1 680
2 480
3 296
1 786
6 859
6 759
1 953
6 236
4 984
12 903
10 922
1 990
3,353
3.469
3.224
4,020
2,304
2 691
2 928
3 390
3 134
1 235
45.4
46.5
47.2
45.8
2,966
2,504
3,245
8.2
9 ftfifi
1 R1^
2.913
3 956
43.4
3 598
43.6
3,114
4 151
43.7
3 280
44.4
3 403
6 078
4 194
44.7
2,729
3 927
43.6
2,129
2 461
44.9
3,020
892
45.1
1 366
45.0
175 3
38 5
136 8
160.7
4.1
170 6
38 3
132 3
164.0
5.0
171 9
38 5
133 4
166.7
4.9
173 6
38 7
134 9
168.8
4.8
171 1
38 9
132 2
170.8
6.5
174 3
39 3
135 1
173.0
3.9
175 8
39 6
136 2
175! 1
5.6
175 9
39 6
136 2
177.7
4.3
178 4
39 8
138 6
178.9
5.0
180 6
40 0
140 6
180. 3
6.2
182 5
40 4
142 1
181.1
5.2
187 2
41 2
146 0
181.8
5.0
40 5
r 147 3
183.5
4.9
185. 5
7.1
170.3
38.5
131 8
160.8
171.5
38.7
132 8
163 5
173.1
38.9
134 2
166 1
172.7
39 1
133 6
168 1
174. 5
39.2
135 3
170.0
176.2
39 3
136 8
172 4
177.9
39 5
138 4
174 6
179.1
39 6
139 6
177 2
179.2
39 8
139 5
178 9
180.3
39 9
140 3
180 8
181.2
40 0
141 2
182 5
181.5
40 4
141 1
183 8
' 182. 4
40.5
r
141 9
183.7
182.6
40 7
141 9
185 0
57.2
124.7
39.4
50 9
34.8
55.6
119.4
39.4
52 6
34.2
54.8
117 2
39.1
51 2
33.9
57.7
123 0
40.8
54 2
35 1
54.8
115 2
39.2
52 0
33.9
56.5
120 0
40.1
53 4
34 4
56 8
119 8
40.7
55 5
34 5
59 0
128 5
41.1
56 6
34 6
57.4
120 6
40.8
55 4
35 1
58 3
125 5
58.4
130 2
41.2
55 7
34 8
58 5
122 1
41.1
54 6
35 3
60.2
128. 5
41.6
55.6
36.0
30, 937
* 2, 102
6,748
451
105
7,596
506
124
345
911
* 51
< 191
5,055
799
1,341
82
205
849
4o!s
54 6
35 i
644
r 187 8
181 7
40 3
141 4.
6,718
702
102
190
767
3, 474
1,298
1,487
786
584
140
1,344
67
325
296
1,335
194
311
296
3,058
2,379
1,395
321
674
527
821
3,053
216
192
227
368
840
564
305
687
540
* 4, 058
12, 958
162
620
831
199
831
883
3,185
3 266
1,041
3 079
2 764
799
666
717
SECURITIES ISSUED
Securities and Exchange Commission:
Estimated gross proceeds, total .
mil. $
7,523 5,253
45 015
5 091
68 514
By type of security:
Bonds and notes, total
do.
7,367
42, 501
5,110
5,000
65, 670
Corporate
__ _
do
1,262
2,219
15,561 21 954
1,593
Common stock
do
139
119
40
1 939
1 959
Preferred stock
do
17
24
51
574
885
By type of issuer:
Corporate, total $
do
1,418
2, 362
1 684
18 074
24 798
Manufacturing
do
570
1,283
649
7,070
11,058
Extractive (mining)..
do
15
35
375
27
587
Publicutility
do
279
222
510
3,665
4,935
Railroad
do
20
42
339
51
286
Communication
do
106
147
2 003
296
1 979
Financial and real estate
do
92
1,941
248
2,433
267
r
2
Revised.
i Includes $8.3 bil. coverage on Federal employees.
Estimated; excludes
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.
r
ll 925 rii 370
r
8 280 r 8 140
r
r
199
193
r
4,229
4 002
5 373
3,991
1,778
3,844
5,043 ' 4, 161
94
144
1 361
111
47
2 343
313
17
10 625
4 218
4 609
8 732
4,483
4,539
10, 376
'2 375 2 231
4,004
4,141
1 940
8,428
4,206
173
41
222
81
235
42
4,213
1,431
144
105
4, 375
130
84
1 549
238
231
1 196
2,107
279
47
2,385
1,757
2 590
1 500
1 518
2 409
2 674
2 481
1 763
1,135
557
1,334
963
598
1,263
930
527
654
126
40
'163
29
30
40
16
25
65
16
282
425
401
410
476
426
477
536
647
269
35
7
9
o
16
12
27
24
33
20
359
70
185
92
40
109
354
202
83
121
259
277
143
102
'279
122
392
176
149
187
% Revisions for months of 1966 will be shown later.
§ Or increase in earmarked gold (—).
H Time deposits at all commercial banks other than those due to domestic commercial banks
and the U.S. Govt.
O Total SMSA's include some cities and counties not designated as
SMSA's.
cf Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland,
and Los Angeles-Long Beach.
9 Includes data not shown separately.
2 015
1,153
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual
March 1968
1968
1967
Jan.
Mar.
Feb.
Apr.
May
June
July
Aus.
Sept.
Oct.
Dec.
Jan.
7,232
5,054
2,099
371
2,782
481
1,320
1,093
Nov.
Feb.
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission— Continued
Estimated gross proceeds—Continued
By type of issuer— Continued
Noncorporate, total 9
mil $
U.S Government
do
State and municipal
do
2 891
2 213
1 450
6 105
4* 154
1 159
459
393
1 437
1 129
1 209
2 700
*410
1 461
24, 409
1 669
1 400
2 334
1 985
1 493
2 631
12 430
3 376
22 230
16, 154
6 076
1 522
1 135
1 375
2 178
1 755
1 891
1 352
1 418
1 082
1 795
11, 089
3 407
17 841
do
do
do
do
do
State and municipal issues (Bond Buyer) :
Long-term
_ _ _ _ _ _ _
_
Short-term
43 716
19 431
14, 288
do
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
26 941
8 231
11 089
15 806
do.
do
241
6,524
494
918
24
539
12
82
336
19
56
1 159
1,437
1,129
1 197
1,209
4*V7
1,867
14, 288
1 450
8,025
454
438
423
17
139
388
21
125
312
2 483
1
756
634
951
2 200
8 145
6 458
2 455
840
1 273
422
991
2 543
2,440
1,733
2,367
1,470
2,344
1,718
2 363 r 2 179
1 832 r i 531
r 647
531
2, 184
1,717
1,581
1,080
2,120
1,459
1,305
2,113
1,379
1, 606
1,200
1,273
991
764
1,320
767
330
1, 162
r
569
776
1 786
415
925
r
20
248
89
275
467
34
222
1,461
925
286
840
752
531
362
501
10
142
662
79
168
603
914
391
3
163
1,162
734
8
223
1,093
406
30
83
T
1,102
563
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)
mil $
do
do
1
791
7 948
i 2 763
713
5 375
1 914
701
5 445
1 936
5 803
2 135
9 Q7g
5 896
673
5,966
2,220
6,195
2,231
6 636
o 341
2,281
2,401
2 513
791
'7,200
2,500
791
7,948
2,763
888
7,797
2,942
86.1
102.6
81.8
100.5
85.9
106.0
86 4
106.4
85 6
105. 8
85 4
104.9
83.4
101.1
81.7
100.2
81.1
99.3
80.3
99,6
80.0
98.0
78.5
95.8
76.8
95.2
75.9
93.6
77.2
95.5
77.5
94.8
78.63
76.55
81.54
80.73
80.96
80.24
77.48
76.37
76.39
75.38
75.04
73.01
70.53
71.22
73.09
73.30
4 261 12
i 609
5 387
i i 637
1
1
673
685
686
698
732
6,677
720
6,943
r
7, 111
Bonds
Prices:
Standard & Poor's Corporation:
Industrial, utility, and railroad (A A A issues):
Composited1
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:
fi AQ7 4.Q
44.fi 77
XAQ f\C\
3,740.48 5 393. 60
417 53
350 65
394 94
333 15
534 32
451 62
539 46
464. 38
455 80
529 22
471. 09
494 25
439. 68
634 15
559. 18
567 12
536. 43
531 62
519. 14
552 08
do
do
do
4,100.86 5, 428. 00
3,589.62 4 862.47
428. 29
400 29
385 34
330 33
451 87
374 71
349 76
309 72
484. 92
413 73
463. 58
406. 43
468 83
402 31
466. 98
422. 84
438. 28
385. 75
553. 63
494. 43
496. 10
475. 48
440. 43
446. 45
437. 51
422. 35
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $ 3, 092. 79 3, 955. 54
328. 21
258 78
281. 42
279. 94
329. 41
326. 62
358 94
326. 09
319.92
403. 06
382.38
360. 78
333. 25
268. 61
Face value
New York Stock Exchange:
Market value
Face value
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)
U.S. Treasury bonds, taxable©
-
KA-t
Q1
503.57
5.34
2
5.82
5.50
5.35
5.43
5.42
5.56
5.75
5 86
5.91
6.00
6.14
6.36
26.51
6.45
6.40
do
_do_ __
do
do
5.13
5.23
5.35
5.67
25.51
5.66
5.86
6.23
5.20
5.30
5.53
5.97
5 03
5.18
5 38
5.82
5.13
5.23
5.49
5.85
5.11
5.26
5.46
5.83
5.24
5.42
5.60
5.96
5.44
5.63
5.77
6.15
5
5
5
6
58
72
88
26
5.62
5.76
5.94
6.33
5.65
5.87
6.06
6.40
5.82
6.01
6.19
6.52
6.07
6.23
6.43
6.72
26.19
6.35
6.58
6.93
6.17
6.29
6.48
6.84
6.10
6.27
6.41
6.80
do
do_ ..
do
5.30
5.36
5.37
5.74
5.81
2 5. 89
5.45
5.42
5 63
5 33
5.25
5 48
5.39
5.37
5.51
5.37
5.37
5 51
5.46
5.59
5.62
5.64
5.80
5.80
5 79
5 91
5 88
5.84
5.96
5.94
5.93
6.02
6.03
6.05
6.12
6.24
6.28
6.39
6.42
26.63
6.39
6.57
6.34
6.47
6.65
6.31
6.36
6.65
__do_ __
do
3.83
3.82
3.96
3.98
3.40
3.58
3.60
3.56
3.54
3.60
3.69
3.66
3.96
3.92
4.06
3.99
3 91
4.05
4.06
4.03
4.19
4.15
4.27
4.31
4.42
4.36
4.44
4.49
4.16
4.34
4.44
4.39
do_
4.66
4.85
4.40
4.47
4.45
4.51
4.76
4.86
4 86
4.95
4.99
5.18
5.44
5.36
5.18
5.16
8.25
9 17
4.11
4.45
5.06
6.85
8.26
9 03
4.34
4 62
5.35
7.82
8.29
9.15
4.18
4.63
5.22
7.53
8.30
9 16
4.20
4.63
5.28
7.81
8.32
9.17
4.27
4.63
5.28
7.81
8.33
9.18
4.27
4 63
5.28
7.81
8.19
8.95
4.32
4.63
5.28
7.81
8.20
8.95
4.38
4.63
5.29
7.81
8.21
8 96
4 39
4 65
5 29
7.81
8.21
8.96
4.39
4.65
5.30
7.81
8.22
8.96
4.39
4.65
5.48
7.81
8.23
9.00
4.40
4.58
5.48
7.81
8.28
8.92
4.41
4.55
5.48
8.09
8.30
8.95
4.44
4.55
5.57
7.95
8.41
9.12
4.44
4.55
5.57
7.95
8.42
9.12
4.45
4.52
5.69
8.08
230. 88
266. 77
102. 90
246. 54
290. 05
101 87
95 91
233. 54
266. 77
108. 12
93.13
233. 23
267. 35
105. 18
242. 02
278. 90
106. 81
242. 22
282. 15
100. 73
257.40
251. 90
302. 88
250. 32
300. 84
256. 30
309. 19
98.19
247. 26
294. 18
93.60
94.89
97.92
90.86
97.75
88.59
241. 14
286. 99
97.15
93.52
238. 37
277. 83
102. 58
92.56
251. 52
293. 28
108. 90
3.35
3 11
4.26
4 82
3 87
3.47
3.55
3.43
3.87
4.97
3.79
2.93
3.56
3.43
3.99
5.00
3.94
3.17
3.44
3.29
4.00
4.95
3.84
3.28
3.31
3.13
3.92
4.95
3.83
3.31
3.44
3.22
4.21
4.88
3.96
3.51
3.39
3.17
4.35
4.73
3.98
3.43
3.24
2.89
4.52
5.01
4.06
3.78
3.40
3.10
4.54
5.14
3 93
3.63
percent
Stocks
Dividend rates, prices, yields, and earnings, 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
Price per share, end of mo. , composite
Industrials
Public utilities.
Railroads
_ . .
Yields, composite
Industrials _ _ _
Public utilities
Railroads
N.Y. banks
_
Fire insurance companies
do
do__.
do
do_
percent. _
do
_ do
do
do
_ do
92.65
3.57
3.44
3.99
4.80
4.04
2.92
Earnings per share (indust., qtrly. at ann. rate;
pub. util. and RR., for 12 mo. ending each qtr.):
14.70
16. 78
Industrials
dollars
15 75
6.37
Public utilities
do
6 30
6 66
8.85
Railroads
_._do
9.34
»• Revised.
i End of year.
2 Beginning Dec. 18, 1967 Aaa railroad bonds not'included.
9 Includes data not shown separately.
cTNumber of bonds represented fluctuates; the change in the number does not affect the
16.07
6.42
8.30
69
94
04
56
249. 02
295. 09
99. 63
104. 99
3.25
3 00
4.26
4 41
3 68
3 53
3.30
3.04
4.41
4.43
3.69
3.54
252
298
103
105
307. 35
99.76
101.22
3.19
2,92
4.40
4.59
3.77
3. 57
13.50
6.53
91.88
95.92
90.80
3.27
2.97
4.70
4.98
3.89
3.85
3.31
2.97
4.60
5.01
4.06
4.02
93.63
85.80
18.80
6.66
continuity of the series.
^ 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.
3.49
3.18
4.58
5.27
3.77
3.99
SURVEY OF CURRENT BUSINESS
March 1 6
98
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1 1967
Annual
S-21
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields, preferred stocks, 10 high-grade
(Standard & Poor's Corp.)
percent-Prices:
Dow- Jones averages (65 stocks)
Industrial (30 stocks)
Public utility (15 stocks)
Railroad (20 stocks)
_
_ _
Standard & Poor's Corporation :c"
Industrial, public utility , and railroad:
Combined index (500 stocks)
1941-43 =10_ .
4.97
5.34
5.07
4.98
5.04
5.03
5.17
5.30
5.34
5.35
5.41
5.59
5.79
5.95
5.70
5.65
308. 70
873. 60
136. 56
227. 35
314. 79
879. 12
132. 65
242. 38
298. 28
830. 56
138. 64
220. 11
305. 65
851. 12
138. 03
228. 69
307. 70
858. 11
135. 96
231. 98
309. 45
868. 66
139. 29
228. 77
315. 57
883. 74
137. 15
238. 27
318. 12
872. 66
131. 92
253. 90
327. 23
888. 51
132. 72
267. 65
329. 62
912. 46
132. 43
262. 85
330. 87
923. 45
131. 33
261. 79
321. 30
907. 54
126. 08
250. 55
303. 88
865. 43
123. 05
230. 74
309. 78
887. 20
125.19
233.20
312. 05
884. 77
132. 48
233. 76
299. 84
847 20
128. 87
224. 63
85.26
91.93
84.45
87.36
89.42
90.96
92. 59
91.43
93.01
94.49
95. 81
95.66
92.66
95.30
95.04
90.75
91.08
84.86
74.10
68.21
46.34
99.18
96.96
79.18
68.10
46.72
89.88
82.70
69.97
70.63
44.48
93.35
86.72
73.78
70.45
46.13
95.86
90.08
75.10
70.03
46.78
97. 54
92.37
77.53
71.70
45.80
99.59
95.10
79.13
70.70
47.00
98.61
96.34
78.94
67.39
48.19
100. 38
98.35
81.27
67.77
49.91
102. 11
101. 01
83.88
68.03
50.43
103 84
104. 17
84.62
67.45
49.27
104. 16
106. 64
83.60
64.93
46.28
100. 90
103. 58
80.47
63.48
42.95
103. 91
106.41
81.92
64.61
43.46
103. 11
102. 87
81.06
68. 02
43.38
98. 33
98. 13
77. 99
65.61
42. 35
Banks:
New York City (10 stocks)
. do_
Outside New York City (16 stocks) _ _ . _ do. _
33.32
63.80
36.40
66.46
37.08
69.90
35.62
67.09
35.32
66.00
36.01
66.56
35.43
65.81
35.35
63.97
36.76
65.95
37.89
67.34
38.39
67.99
37.83
67.43
35. 65
64.60
35. 52
64.83
37.18
67.64
38.46
70.66
Fire and casualty insurance (20 stocks).., _ do
64.55
62.29
70.03
.68. 99
65.86
64.86
62.60
61.34
62.56
58.95
60.84
58.66
55.84
56.99
59.42
56.61
46.15
46.18
50.26
45.41
44. 45
50, 77
51.97
53.51
45.43
49 82
46.02
45.61
51.38
46.43
47.53
47.80
47.72
52. 56
47.03
48.71
49.02
49.02
55.19
47.88
48.17
49.92
50 19
54.60
48.07
48.37
51.00
51 78
55.76
47.20
48 17
50.54
51.55
54.97
45.95
47.51
51. 67
53 13
57.30
44.87
49 85
52.46
54 20
56.80
44.69
51 24
53.23
55 28
54 89
44.57
52 98
53.13
55 62
51.56
43.33
52 69
51.40
53 79
48. 43
42.39
50 19
53.06
55 80
48.73
42.75
52.37
53.24
55 45
47.90
44.87
55 89
50.68
52 63
45 15
43 36
53 88
161, 752
4,504
11, 653
320
11,181
316
14, 515
418
11, 777
323
14, 411
397
13, 891 r!3 313 14, 023
374
392
393
13 092
369
14, 499
409
14, 478
381
14 919
412
17, 662
518
125, 329
2,886
9,320
224
8, 792
216
11, 465
268
9,232
206
11 335
257
10, 801
243
10 114
241
10,920
251
9 964
228
11, 006
249
11,193
242
11, 186
262
12,914
298
2,530
208
183
225
188
219
213
217
208
205
225
212
230
263
174
605. 82
11, 622
522. 75
10, 989
527. 04
11, 046
549. 49
11, 073
572. 64
11,114
546. 65
11, 199
559. 50
11, 277
586. 41
11, 326
581. 99
11,374
600. 94
11, 433
583. 13
11, 484
586. 17
11, 568
605.82
11, 622
582.94
11, 696
564. 15
11, 796
2,705.4 2,725.5 2,667.2 2,418.8 2,486.4 2,549.7 2,485.2 2,797.0 2,872.0
2,666.1 2,683.2 2,617.9 2,376.4 2,395.4 2,504.6 2,440.0 2,760.8 2,812.9
2,726.8
2,674.0
2,642.7 2,392.3 2,692.2 2,603.9
2,784.7
In dustrial, total (425 stocks) 9 _ _ __ do_._
Capital goods (122 stocks)
do
Consumers' goods (181 stocks)
do
Public utility (55 stocks)
do
Railroad (20 stocks). __
do
New York Stock Exchange common stock indexes:
Composite
12/31/65=50._
Industrial
do
Transportation
_
do
Utility
do
Finance
do
Sales:
Total on all registered exchanges (SEC) :
123, 034
Market value _ _
mil $
Shares sold
_ __
millions
3,188
On New York Stock Exchange:
Market value mil $
98, 565
2,205
Shares sold (cleared or settled)
millions
New York Stock Exchange:
Exclusive of odd-lot and stopped stock sales
(sales effected)
millions. . 1,899
Shares listed, N.Y. Stock Exchange, end of period:
Market value, all listed shares
bil.'$__
Number of shares listed.. ._
millions
482. 54
10, 939
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value
Exports (mdse.), incl. reexports, total
Excl. Dept. of Defense shipments
mil. $.. 30,319.6 31,533.7
do
29,379.2 30,941.9
do
Seasonally adjusted . .
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
2,525.3 2,469.3 2,831.9
2,469.9 2,417.9 2,796.8
2,615.9
2,607.3 2,551.4
2,653.8 2,546.9 2,576.5 2,584.1
2,547.9
do
do
do
do
1, 348. 5 1, 182. 3
6, 733. 3 7, 147. 2
805.3 1,016.1
10,003.0 10,294.1
119.3
611.5
75.4
812.6
87.5
601.6
78.4
820.0
113.9
652.7
82.8
936.5
115. 3
608.6
76.7
892.8
118.9
582.2
78.4
877.8
114.0
602.9
72.5
854.4
86.0
561.7
77.9
792.0
89.8
584.1
73. 3
811.5
90.3
594.1
74.5
811.6
70.3
570.4
82.9
789.8
88.6
617.4
79.5
961.3
88.4
642.6
164.1
943.1
do
do
do
6, 661. 2
2, 268. 3
2,499.9
7, 174. 1
2, 365. 0
2,354.9
539. 1
191.9
199.8
537.7
177.6
186.9
638.6
205.1
207.9
625 9
193.8
203.7
684.6
200.8
188.2
641.5
203.5
191.8
531.2
190.1
192.1
533.0
191.7
204.3
590.9
198.3
190.0
600. 3
201.9
169. 6
634. 3
r 213. 4
r
202. 5
618.1
197.7
218.1
do
do
189.1
401.0
66.1
426.4
7.2
50.5
7.8
34.4
7.5
43.2
11.3
40.7
10.8
32.0
4.9
36.0
1.8
35.4
3.4
38.2
5.9
29.2
1.5
25.7
1.1
32.1
'2.9
29.0
do
do
do
do
654.2
929.3
238.7
45.6
891.3
955.4
346.9
49.2
66.2
100.4
32.8
3.5
70.1
84.4
30.7
5.0
68.0
82.8
44.7
4.2
68.2
80.7
25.2
3.5
65.5
84.5
14.3
3.1
64.1
83.7
25.0
3.2
66.5
69.4
23.3
4.0
63.6
94.5
14.4
3.2
66.9
65.7
47.6
3.3
73.9
74.7
29.7
4.4
63.4
75.9
24.6
5.2
157.9
58.5
34.6
6.7
do
do
do
67.6
347.8
2,363.6
68.4
428.2
2,695.8
6.7
33.8
207.1
4.4
31.0
218.2
10.3
35.9
228.1
5.3
36.8
225.9
4.6
35.7
221.5
2.3
40.3
210.6
3.7
41.9
220.1
3.2
32.6
217.2
3.4
34.1
229. 5
5.8
37.6
216.7
11.1
34.7
258.5
7.4
33.8
244.1
do
do
do
1, 007. 0
25.2
1, 673. 6
1, 025. 1
1, 076. 3
86.4
2.0
130.6
87.6
1.6
128.5
108.6
4.7
179.0
92.5
5.9
163. 1
95.5
3.5
151.3
101.2
2.1
121.1
73 5
1.5
131. 1
67.9
.6
152.2
71.6
.6
121.4
78.3
.3
129.4
78.6
2.5
161.8
86.0
1.1
136.3
do
do
do
908.8
972.9
41.7
60.2
1, 737. 1 1,960.3
76.7
4.4
145.4
78.8
8.7
146.9
88.7
7.1
165.1
77.7
3.4
173.6
82.4
5.2
163.5
81.1
6.0
162.2
76.7
2.7
141.0
69.1
2.3
167.0
73.2
5.8
192.7
72.2
6.1
147.7
103.0
3.8
165.5
93.4
4.5
193.6
mil. $._ 6, 660. 8 7, 172. 9
537.6
539.0
638.5
Revised.
cf Number of stocks represents nu tnber currently us ed; the change in
number does not affect continuity of the series.
625.8
684.5
641. 4
531.1
532.9
590.8
600.2
634.3
618.1
Northern North America
Southern North America
South America
By leading countries:
Africa:
United Arab Republic (Egypt)
Republic of South Africa
Asia; Australia and Oceania:
Australia, including New Guinea
India
.
Pakistan.
Malaysia _.
Indonesia
Philippines
Japan
Europe:
France
East Germany
West Germany
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
r
.
:
26. 3
T
9 Inchides dat a, not shown sepai-ately.
SURVEY OF CURRENT BUSINESS
S-22
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual
March 1968
1968
1967
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
Exports (mdse.), incl. reexports— Continued
By leading countries— Continued
North and South America— Continued
Latin American Republics, total?
Argentina
Bra/il
Chile
Colombia
M^exico
Venezuela
mil. $_. 4, 230. 9
244.1
do
575.0
do
256.0
do
287.1
do
1, 180. 0
do
do
598.0
Exports of U S merchandise total
Excluding military grant-aid
Agricultural products total
Nonagricultural products total
do
do
do
do
By commodity groups and principal commodities:
Food and live animals 9
-- do. .
Meats and preparations (incl. poultry).- do
4, 126. 2
230.3
547.9
248.1
218.0
1,223.3
587.5
29,883.9 31, 147. 2
28,943.5 30, 555. 4
'6,874.2 6,383.3
23,009.8 24,763.9
4,562. 4
158.9
3,189.6
336.5
18.3
38.3
20.9
16.7
103.6
48.6
346.4
22.6
35.4
19 0
22.3
105.5
45.7
339.2
16.1
50.6
19.9
15.2
99.2
51.0
2,492.4 2,440.8 2,797.1 2,669.8 2,692.5 2,635.4
2,437.0 2,389.4 2,762.0 2,630.5 2,650.2 2,586.1
543.9
519,6
552.2
531.6
524.2
513.6
,985.1 1,946.1 2,248.9 2, 156. 7 2, 154. 0 2, 129. 2
2,389.7
2,347.3
472.3
,929.6
347.6
19.0
42.8
21.7
19.2
102.8
49.0
4, 064. 1 ' 332. 8
151.3
11.0
2, 681. 4
228.0
319.4
25.9
39.5
16.0
23.1
90.8
43.0
360.7
19.8
53.5
23.6
16.8
105.4
44.4
351.3
17.3
40.9
21.2
13.4
101.2
55.6
348.2
20.9
54.3
20.6
14.6
99.1
49.1
335.6
15.7
44.0
18.8
17.1
101.2
52.5
320.4
16.1
33.5
19.6
19.2
106.3
47.7
358.6
20.2
56.5
22.8
15.3
109.0
50.5
362.9
18.5
58.6
24.0
25.2
99.8
50.3
2,448.4 2, 518. 2 2,456.0 , 765. 8 2, 841. 0
2,357.5 2, 473. 1 ,410 8 2,729.6 , 781. 9
531.7
490.9
469.6
563.6
667. 7
1,980.3 2,027.3 ,924.2 2, 098. 0 2, 277. 4
, 697. 9
,645.1
308.2
12.8
196.9
358.3
12.9
242.5
327.8
11.6
212.1
333. 3
13.3
208.9
335.9
12.4
214.0
322.4
10.8
214.8
316.2
12.6
210.8
384.9
12.4
222.4
332.9
14.9
209.7
410.1
14.8
288.8
351. 1
11.8
237.0
353.4
Beverages gmd tobacco
do
623.7
648.7
39.6
41.3
47.6
59.2
54.2
46.4
40.4
50.2
69.5
56.8
70.5
73.7
44.5
Crude materials, inedible, exc. fuels 9
Cotton, raw, excl. linters and waste
do
do
3,070. 4
432.2
759.9
' 421. 6
3, 280. 1
463.8
771.6
519.6
' 276. 8
56.6
67.2
29.8
280.7
53.8
62.9
34.7
288.2
47.9
54.2
47.3
263.0
34.2
65.3
41.7
291.7
48.7
61.1
47.3
275.3
35 7
58.1
44.6
236. 1
27.2
49.6
46.2
240. 6
27.3
47.4
41.4
228.4
30.6
29.3
50.8
290.2
30.9
83.4
52.6
328.3
32.7
112.8
46.6
276.8
38.3
74.3
36.6
284.9
975.8 1,104.4
501.3
'493.0
' 434. 1
538.9
68.9
29 3
31.2
81.4
39.1
36.9
76.4
33.3
38.0
84.4
42.0
38.6
93.3
48.3
40.1
94.5
48.6
40.4
113 7
38.5
70.9
120.7
46.0
69.6
109.1
40.1
61.9
92.8
46.8
41.7
96.1
50.1
41.2
76.0
39.1
31.3
76.5
338.1
21.4
32.2
33.4
29.2
32.1
38.9
29.9
22.7
26.2
24.7
27.9
19.8
15.5
244.9
242.6
235.9
270.7
45.3
42.6
29.2
277.6
48.9
46.0
30.1
262.0
Metal ores, concentrates, and scrap
Mineral fuels, lubricants, etc. 9
Coal and related products
Petroleum and products
do
- do_ _
do
do __
Animal and vegetable oils fats waxes
do
' 227. 2
215.2
242.5
234.2
249 0
240.2
220.7
232.7
235.3
218.6
3,433. 5 3, 390. 1 ' 289. 8
do
554.2
530.9
do _ _
48.0
561.2
do _ _ ' 557. 3
57.1
516.8
582.4
___do
47.1
285.6
42.1
52.8
49.5
325.5
47.4
54.5
61.5
309.3
44.9
50.2
55.9
293.7
45.6
48.1
45.7
298.6
42.0
45.6
61.0
256 8
37.2
42.1
46.2
285.5
41.1
40.6
30.6
267.7
43.8
41.3
32.2
256.4
44.8
40. 0
27.7
959.6 1, 157. 2 1,116.9 1, 115. 5 1, 088. 1
Chemicals
do
Manufactured goods 9
—
Textiles
Iron and steel
___ . _
Nonferrous base metals
356.8
Machinery and transport equipment,
2,674. 5
2, 802. 5
total
mil. $__ 11,155.5 12, 573. 0 '1,005.3
959.9 1, 080. 8 1, 242. 6 1, 160. 6
954.6
908.8 1, 017. 7
Machinery total 9
Agricultural
Metalworking
Construction excav and mining
Electrical
do
do
do
do
do
'7,445.8 8, 047. 8
614.7
'628.3
337.9
338.8
1,038.0
' 969. 1
'1,900.1 2, 096. 9
653.7
53.9
28.2
82.4
165.6
643.0
57.7
25.9
86.5
166.0
741.9
69.6
30 0
96.4
188.6
726.3
64.1
32.9
95.8
185.6
740.0
71.9
28.9
97.3
182.1
682.7
54.0
31.5
82.9
183.9
637.0
50.3
31.3
84.7
164.8
597.8
44.6
19.6
80.3
161.0
630.9
37.4
22.8
85.4
168.1
618.4
35.8
29.6
78.0
169.9
664.2
35.4
26.2
77.6
176.5
717.7
40.3
31.7
91.5
188.1
Transport equipment total
Motor vehicles and parts
do
do
'3, 709. 7
'2,386.3
4, 525. 2
2, 733. 9
352.2
226.2
316.6
201.3
415.3
254.1
390.6
241.0
375.4
243.5
405.5
235.2
317.5
179. 1
311.0
186.2
386.8
222.3
341.6
221.3
416.6
252.0
524.9
281.1
do
do
25,542.2 26, 815. 6 '2,261.4 2,003.7 2,354.8
2,255.5 2,229.2 2,202.9
2,090.9 2,222.0
2,226.0 2,139.9
2,269.8
2,227.3
do
do
do
do
905.4
978.8
'5,276.4 5, 352. 2
581.3
' 593. 5
'7,857.2 8, 232. 2
84.6
460.2
47.4
702.7
94.7
359.9
41.2
628.0
95.6
463.5
44.9
729.8
78.4
421.4
46.7
608.5
76.9
441.5
33.4
661.5
68.5
439.8
57.6
692.1
57.4
436.9
51.9
661.7
54.5
488.9
56.5
630.9
78.3
438.7
45.3
617.6
74.1
472.9
46.6
723.4
62.1
491.8
57.5
797.4
80.5
438.0
59.8
779.3
Northern North America
Southern North America
South America
By leading countries:
Africa:
United Arab Republic (Egypt)
Republic of South Africa
Asia; Australia and Oceania:
Australia including New Guinea
India
Pakistan
Malaysia
Indonesia
Philippines
Japan
Europe:
France
East Germany
West Germany
Italy
Union of Soviet Socialist Republics
United Kingdom
North and South America:
Canada
do
do
do
6, 131. 4
'1,912.1
'2,785.3
7, 105. 0
1, 968. 2
2, 663. 4
526.8
181.0
257.7
497.7
163.5
217.9
597.8
200.9
222.8
544.4
176.4
214.9
629.0
169.7
209.8
6*3.8
* 173. 6
201.5
563.5
136.1
218.9
578.9
146.8
207.8
573.3
134.1
223.5
637.2
150.1
237.0
644.0
161.3
220.8
668.3
176.0
228.7
do
do
17.6
249.0
14.9
227.0
.7
15.0
.6
27.7
.9
21.9
.2
19.2
4.9
20.2
3.8
15.9
.2
11.5
.6
14.4
.1
23.9
.7
21.2
1.2
13.2
1.0
23.1
do
do
do
do
do
do
do
' 398. 6
327.0
67.8
176.7
179.0
397.6
2, 962. 6
411.5
297.6
54.8
195.6
181.8
380.5
2,998.7
36.6
28.5
7.6
17.7
12.2
29.0
257.4
30.2
21.1
4.8
10.8
15.3
22.9
193.2
27.2
29.4
6.4
18.8
17.5
36.3
251.5
35.1
23.4
4.1
16.1
13.7
34.3
228.7
20.3
23.9
3.6
17.0
14.3
20.7
248.7
43.6
22.4
3.4
12.0
12.7
36.1
251.6
32.8
21.0
2.8
10.0
16.0
36.0
251.2
34.8
29.0
4.2
16.4
18.5
41.2
269.8
31.0
20.5
4.5
18.8
14.5
29.3
251.6
32.4
26.1
2.9
17.5
15.2
28.6
280.2
48.3
27.2
3.9
21.8
14.7
23.6
294.6
46.5
25.0
6.7
18.7
17.1
42.7
221.3
do
do
do
do
do
do
697.9
8.2
1, 795. 6
743.0
49.4
1, 786. 1
689.8
5,6
1,955.4
855.6
41.0
1, 709. 8
58.3
2.1
172.2
57.7
6.4
147.4
49.5
.4
142.8
61.9
1.9
133.7
57.9
.3
160.3
77.7
6.0
147.1
52.8
.2
131.7
66.1
2.4
123.5
54.5
.3
142.9
69.4
4.5
154.9
60.2
.3
166.1
70.4
2.5
139.3
60.7
.4
166.1
71.0
1.7
131. 3
62.5
.3
142.0
77.3
3.8
136.4
46.1
.3
156.0
59.2
3.2
130.5
58.2
.5
182.5
79.2
2.9
137.4
67.5
.3
205.9
82.9
2.7
158.6
61.7
.3
186.8
83.4
2.9
170.0
do
6, 124. 9
7, 099. 3
526.3
497.6
597.5
544.3
628.5
643.4
562.5
5-78.2
572.0
637.0
643.5
668.0
Latin American Republics, total 9
Argentina
Brazil
Chile
Colombia
Mexico _
Venezuela
do
do
do
do
do
do
do
3, 969. 9
148.8
599.7
229.1
244.8
750.2
1, 002. 4
3, 853. 2
140.3
559.0
175.2
240.4
748.9
981.6
365.9
14.8
52.1
14.7
25.3
70.3
100.7
319.8
10.4
36.0
25.8
18.8
65.2
82.0
344.6
13.5
43.2
11.4
18.9
70.5
85.9
331.7
9.6
38.4
15.5
19.7
71.7
90.2
317.8
11.2
37.9
18.6
19.1
64.3
78.6
304.9
10.6
41.0
16.2
23.0
63.3
66.1
304.4
10.0
54.4
11.8
22.0
50.7
79.7
296.8
11.2
54.4
9.4
18.5
55.3
70.1
298.6
12.3
53.1
17.9
19.1
49.2
73.2
317.1
13.6
60.3
9.5
17.2
57.6
86.0
319.8
12.3
57.1
16.0
18.8
64.8
68.8
331.6
10.8
30.7
8.4
20.1
65.9
100.1
General imports, total
Seasonally adjusted
By geographic regions:
Africa
Asia
Australia and Oceania
Europe
r
Revised.
< Corrected.
9 Includes data not shown separately.
2,126.9 2, 165. 5
2,208.0 2,125.1
2,111.8 2, 342.2 2, 435. 4 2, 431. 1 2, 735. 2
2,208.5 2,201.5 2, 375. 7 2, 524. 8 2, 615. 4
Feb.
SURVEY OF CUREENT BUSINESS
March 1968
1967
1967
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
S-23
Annual
Jan.
Mar.
Feb.
Apr.
May
June-
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value— Continued
General imports— Continued
By commodity groups and principal commodities:
Agricultural products total
mil $ 4, 530. 5 4, 472. 1 415 3 364 6 431 5 375.7 336 1 358. 4 344 5 357.8 329.9 369.1 378.5 410.8
21,011.7 22, 343. 6 1 846 5 1 638.8 1 924 4 1 715.4 1 886 3 1, 919. 0 1 782 8 1, 807. 7 1, 781 .6 1, 973. 1 2, 057. 0 2, 020. 2
N onagri cultural products, total
do
Food and live animals 9
Cocoa or cacao beans
Coffee
Meats and preparations
Sugar
- -
3, 947. 5
do
122.2
do
1, 067. 3
do
599.5
do
501.2
do _ _
4, 003. 1
147.2
962.7
645.0
588.4
355 4
24 5
92.6
54 3
33 6
314. 1
25.9
74.5
47 5
37.0
369 0
20.8
93.8
51 4
46.2
322.6
11.7
76.9
44.3
54.4
641.7
698.1
60 0
49.9
63.6
62.4
Beverages and tobacco
do
Crude materials inedible exc. fuels 9
Metal ores
Paper base stocks
Textile
fibers
Rubber
do
do
do
do
do
3, 265. 5
1,019.8
449.3
436.3
180.9
2, 964. 7
973.9
419.3
305.6
174.5
Mineral fuels lubricants, etc
Petroleum and products
do
do
2, 262. 0
2 127.1
2, 250. 1
2 088 1
do
_ do
146 2
955.3
Manufactured goods 9
Iron and steel
Newsprint
Nonferrous metals
Textiles
do
do
do
do
do
6, 352. 6
1 305 0
889.5
r
1,551. 8
908.5
Machinery and transport equipment
do
4,822 8
do
do
do
'2,612.9
135.3
r
1, 010. 5
r
2 762 4
2 259.4
Animal and vegetable oils and fats
Chemicals
__ _
Machinery total 9
Metalworking
Electrical
Transport equipment
do
Automobiles and parts
do
Indexes §
Exports (U.S. mdse., excl. 'military grant-aid):
Quantity
1957-59—100
Value
do
Unit value
do
General imports:
Quantity
do
Value
do
Unit value
do
Shipping Weight and Value
Waterborne trade:
Exports (incl. reexports):
Shipping weight
thous sh tons
Value
mil $
General imports:
Shipping weight
thous sh tons
Value
mil $
2 209 8
1 617.7
310. 3
4.7
71.8
57.7
56.0
347.0
6.7
90.6
61.4
42.3
335.0
9.5
82.2
54.9
37.3
357.0
14.4
63.9
58.2
64.3
2
5
4
1
4
337.2
9.9
75.4
51.5
59.7
327 6
88
80.5
59 6
63 8
331.7
4.8
83.0
61.1
56.3
55 5
51.4
38.3
39.9
51.8
69.8
73.8
81.7
74.2
248.9
88.8
34.8
20.8
13.2
256.4
86.1
38.3
26.2
17.1
254.4
86.0
33.7
28.5
16.6
254.7
296
5
77
43
37
366.5
0
3
g
6
3
210.8
61.2
33 3
24 9
14 1
254.5
62.8
39 8
32 0
21 2
226.3
62.7
32.4
25.2
13.6
250
92
35
23
14
7
6
0
5
3
282.2
117.0
35 8
24.9
9.6
224
79
30
23
9
0
7
7
0
0
276.5
98.1
35.5
23.6
15.8
234.3
71.2
32.5
23.7
12.7
226 9
219 7
186.7
172 3
211 8
197 2
193. 8
179 1
194.7
181 1
176 9
163 7
165 3
153 5
158.3
147 4
169.9
154.3
185.4
174.4
167.8
152 6
212.5
199.8
237.5
14 2
82.4
14 8
80.0
11 3
90.2
80
83.7
82
85.1
6 2
76.1
7 2
70.7
91
82.9
89
69.6
10.2
73.1
12.8
87.8
11.4
82.0
13.8
91.5
521. 8
101 6
72.8
128 9
80.9
471.7
98.2
64.6
122.6
60.4
531.9
114.4
71.4
129.7
76.7
490.8
105.6
68.9
122.3
69.8
551.7
122 4
79.3
127:1
69.8
527.5
114.2
77.8
124.8
61.3
493.2
110 8
69.9
105 0
60.4
513.2
116.9
70.8
100.9
69.3
536.1
106.7
68.5
139.8
60.5
549.8
115.4
76.7
137.1
65.7
628.0
145.6
71.6
167.6
70.8
570.0
121.0
71.3
155.6
66.6
681.5
5 791 2
484 4
434.7
537.2
430.4
497 1
515 8
473 6
418 5
413.1
505.3
518.6
562. 6
671.4
3, 028. 8
203.4
1 139 8
242 0
16.3
85 9
232.5
14.3
87.5
286.1
19.8
103.7
234.1
17.5
80.7
254.4
16.2
86 0
249.8
17.7
87.5
251.6
15.9
89 1
258.9
18.0
104.2
224.0
16.0
94.1
253.8
17.1
107. 3
275.6
17.6
118.8
266.0
17.0
95.1
242 4
195 9
202 1
164.1
251 1
196.4
196.2
151.1
242 8
192 8
266.1
218.2
222 0
179 6
159.6
115.2
189.1
157.7
251.5
219.8
242.9
211.7
296.6
257.0
254
75
37
29
17
r
122 4
963.1
6, 386. 7
1 372 8
863.7
1, 562. 3
811. &
r
158
168
106
179
192
108
191
203
106
180
188
188
100
189
188
99
Ig9
101
185 978
18 520
187 973
18 642
12 452
1 533
12 971
1 463
13 705
1 653
14 948
1,601
16 058
1,607
16 570
1,' 572
17 216
l'500
16 892
1,450
16 368
1,507
16 827
1,454
18 364
l', 696
15 602
1,606
266 074
17 319
254 599
17 415
22 877
1 511
18 994 20 764
1 315 1 540
20 132
1,348
22 646
1,426
22 810
1,484
19 429
1*396
21 092
1,450
18 996
1,352
22 686
1,487
20 861
1,567
23 312
1,539
114.1
114 9
38 8
8.3
58
109. 9
110.2
40.3
8.0
5 5
TRANSPORTATION AND COMMUNICATION
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. total) :
Operating revenues, total 9
mil $
Transport, total 9 _ _ _
do
Passenger
do
Property
do
U.S. mail (excl. subsidy)
do
Operating expenses (incl depreciation) do
Net income (after taxes)
do
Operating results:
Miles flown (revenue)
mil
Express and freight ton-miles flown do
Mail ton-miles
flown
do
Passengers originated (revenue)
do
Passenger-miles flown (revenue)
bil
Express Operations (qtrly.)
Transportation revenues
mil. $
Express privilege payments
do
Local Transit Lines
Fares, average cash rate
Passengers carried (revenue)
cents
mil"
3 707
3 672
3 261
242
91
3 250
240
1 010 9
1 081 7
282 4
81 1
57 1
96 6
87 1
24 9
7 4
53
430 8
99 A
9
5
5
7
6
423 1
91 Q
R A"71
88
85
24
6
4
m
7
102 6
105 8
29 9
84
59
105
114
29
7
2
4
4
9
r; 4
101 2
24 0
99 1
99 9
99 9
CQC
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. total):
Number of reporting carriers
* 1, 148
1,233
Operating revenues, total
mil $
7 849
1 899
Expenses, total
do
1,851
7,457
Freight earned (revenue)
mil. tons
116
462
2
'Revised.
* Preliminary.
1 As compiled by Air Transport Assn. of America.
Excludes excess baggage revenues.
3 For the 1st quarter 1967, payments of $2.6 mil. were
deferred until 2d quarter 1967; for the 3d quarter 1967, payments of $1.4 mil. have been de-
100.1
108 8
28 2
80
5 5
105
117
28
9
6
4
4
9
2
7
99 9
^fil
99 ^
1,188
1 1,2056
1
68
120
1 1 040
194
110.5
100 3
27 8
88
68
113.1
113 8
31 8
9 7
7 4
109.4
113 4
33 5
83
6 0
108. 8
26 9
104 3
23 7
108 8
29 0
3
•jnq p.
1
1,122
1,112
987
72
26
990
77
1 030
1,020
904
62
24
951
39
3
99 A.
22 8
CKO
AQA
23 0
KOC
23 1
KA(\
23 i
580
23 1
560
23 2
551
23.3
561
1,226
1 983
1,917
126
ferred until the 4th quarter 1967. 4 Number of carriers filing complete reports for the year.
9 Includes data not shown separately.
§ Publication of data beyond 2d quarter 1967 withheld pending revision of comparable
back data.
SURVEY OF CURRENT BUSINESS
S-24
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1967
Jan.
Annual
March 1968
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
TRANSPORTATION AND COMMUNICATION—Continued
TRANSPORTATION— Continued
Motor Carriers (Intercity) — Continued
Freight carried, volume indexes, class I and II
(ATA):
Common and contract carriers of property
(qtrly )
average same period. 1957-59=100
Common carriers of general freight, seas. adj.
1957-59=100.Carriers of passengers, class I (qtrly.) :
Number of reporting carriers
Operating revenues, total
mil. $
Expenses, total
_ _ _
_do. _.
Passengers carried (revenue)
mil
156.0
154.0
155.8
161.2
147.7
153.6
155.7
150.2
134,3
141.6
147. 3
156.8
148.6
145.5
146.4
150.7
154.3
162.8
179.1
174.9
1.268
4,274
143.7
260.8
257.2 2366.2
251.4
i 156
641.0
545.8
223.2
162
137.8
133.3
52.5
162
162.8
145.3
55.8
161
203.7
161.9
62.2
10, 655
9,281
544
8 117
1,492
1,046
902
2,536
2,226
117
2,027
364
145
121
2,628
2,312
121
2,069
380
179
143
2,529
2,217
131
2,038
363
128
78
750.5
738.3
1.257
17, 095
180.0
177.2
1.256
3,567
186.8
184.0
1.257
3,793
Class I Railroads
Financial operations (qtrly.):
Operating revenues total ?
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 (Qtrly )
bil
Revenue ton-miles
do
Revenue per ton-mile (qtrly. avg )
cents
Passengers (revenue) carried 1 mile (qtrly ) mil
Travel
Hotels:
Average sale per occupied room
dollars
Rooms occupied
% of total
Restaurant sales index __same mo. 1951=100
Foreign travel:
U S. citizens: Arrivals
thous
Departures
do
Aliens' Arrivals
do
Departures
do
Passports issued and renewed
do
National parks, visits _ _ _
___
do__
Pullman Co. (qtrly.):
Passenger-miles (revenue)
mil
Passenger revenues
mil $
COMMUNICATION (QTRLY.)
Telephone carriers:
Operating revenues 9
mil $
Station revenues
do
Tolls, message
do
Operating expense (excluding taxes)
do
Net operating income (after taxes)
do
Phones in service end of period
mil
Telegraph carriers:
Domestic:
Operating expenses
do
Net operating revenues (before income taxes)
mil $
International:
Operating revenues
do
Operating expenses
do
Net operating revenues (before income taxes)
mil $
10 59
61
116
10.03
59
106
10.22
62
114
9.79
64
122
10.98
67
123
10.41
64
128
11.06
63
123
9.93
55
109
11.12
63
112
10.97
64
120
11.40
68
112
11.24
59
110
9.91
48
119
1,686
39, 538
273
258
185
133
100
932
254
275
149
123
111
941
322
325
191
154
188
1,380
308
328
206
157
197
1,711
352
365
223
190
224
2,417
402
537
236
217
219
5,674
455
565
319
247
165
8,814
656
475
316
291
144
8,595
434
365
306
243
100
3,892
360
296
248
226
83
2,725
292
197
249
172
79
1,534
75
922
128
832
1,969
33.80
1,434
24.57
54.3
10.73
56
103
3,881
3,759
2,413
2,040
1,548
38, 490
2
10.03
62
115
403
6.97
385
6 47
3, 356
1,732
1,245
2,040
584
87.0
12, 904
6,699
4,761
7,713
2 317
86 0
358
6.11
3,445
i;764
1,291
2,067
618
87 8
143
1,082
3,477
1,773
1,303
2,059
643
89 0
288
5.02
319 3
275 5
334 9
201 8
81.5
71.8
85 3
73 4
83 5
74 0
84 6
72 6
24 9
24 2
4 3
70
4 6
83
121 4
90.4
132 4
101.3
31.2
23.9
33 1
24.8
33 3
25.4
34.8
27.2
27 1
•>6 2
63
71
68
60
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
Acetylene
mil cu ft
Ammonia, synthetic anhydrous._thous. sh. tons_.
Carbon dioxide liquid gas and solid
d.o
Chlorine gas (100% Clj) '
do
Hydrochloric acid (100% HC1)
do
T
Nitric "Cid (100% H\ Os)
do
Oxygei <h'gh puritv)
mil cu ft
Phosphoric acid (100% P20s)
thous. sh. tons__
Sodium carbonate (soda ash), synthetic (58%
Na20)
thous sh tons
Sodium bichromate and chromate
do
Sodium hvdroxide (100% XaOH)
do
Sodium silicate anhydrous
thous sli tons
Sodium s til fate anhvdro^s
thous sh tons
Sulfuric acid (100% HsSO^
do
2
16, 598
14, 569
10,661.1 11,857.7
1, 089. 0 1, 172. 7
6, 946. 0 7, 653. 9
* 1, 504. 8 1, 598. 3
5,333.0 6, 106. 6
212, 751 224, 448
4, 531. 2 4, 734. 3
1,467
994.9
91.6
633.1
133.6
531.8
18, 333
406. 7
1,225
1,234
928.7 1,032.2
84.7
93.9
648.1
589.0
126.7
138.8
521.3
544.3
17,072 18,899
424.8
404.9
1,069
1,002.0
112.9
624.1
125.9
446.3
17, 397
353.6
429.4
404.0
5,073.2 4,827.9 391.2
408.7
421.7
359. 6
11.6
11.2
11.5
10.1
10.7
138.9
11.8
131.3
660.0
642.9
673.0
7, 342. 0 7, 891. 4
656.9
643.5
596.0
60P. 1
45.1
53.6
43.6
47.9
55.3
48.3
605.3
122.4
121.7
115.2
109.6
117.0
1, 427. 4 1,384.5
106.1
28,477.3 28, 170. 0 2,356.1 2, 330. 3 2,480.8 2,460.1 2,426.0 2,196.2
T
Revised.
v Preliminary.
1 Number of carriers filing complete reports for the year.
3
Preliminary estimate by Association of American Railroads.
Data cover 5 weeks; other
1,280
1,220
991. 4 1,072.8
103.6
92.9
646.7
613.0
134.2
133.2
515.4
531.9
17, 617 18, 557
408.4
410.6
1,029
967.6
109.8
647.2
120.8
457.5
17, 656
345.0
1,162
950. 7
115.3
619.3
127.6
493.4
18, 932
357.9
1,273
1,234 '1,230
1,146
925.9 1,022.9 '1,024.7 943.8
81.5
104.5
83.7
98.2
621.8
653.7 ' 666. 7 691.4
133.5
138.2 ' 139. 1 146. 7
504.8 532.0 ' 521. 7 506.3
18,660 19, 258 '20,570 21,497
415.3 ' 414. 3 425.1
367.6
393.9 433.5
402.4
378.0 407.4
398.1
11.6
11.2
10.8
10.3
9.7
11.1
679.2 '681.9
708.8
644.0
643.1
662.3
55.4
49.0
53.3
52.5
50.6
50.7
119.2
121.1
120.6
115.7
102.2
113.7
2,115.3 2,259.6 2,172.1 2,381.5 '2,442.3 2, 549. 7
4
periods, 4 weeks.
Revised annual total; revisions are not distributed to the monthly
data.
9 Includes data not shown separately.
SUKVEY OF CURRENT BUSINESS
March 1968
1966
Unless otherwise stated, statistics through 1966
and descriotive notes are shown in the 1967
edition of BUSINESS STATISTICS
S-25
1967
1967
Annual
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
CHEMICALS AND ALLIED PRODUCTS—Continued
CHEMICALS— Continued
Organic chemicals, production :cf
Acetic anhydride
Acetylsalicylic acid (aspirin)
Creosote oil
1 1, 600. 9
34.1
i 112.7
1, 551. 2
30.5
129.8
2.9
9.9
114.7
2.2
7.2
108.4
2.9
10.6
129.7
2.9
11.4
135.0
2.5
9.1
135. 8
1.7
9.5
140.1
2.2
9.2
131.8
2.2
9.9
127.0
2.8
9.9
131, 5
3.3
9.0
123.4
2.8
9.9
144. 0
2.1
133.3
mil.lb-. 1 141.5
121.6
do
i 3, 627. 1
... do.
102.8
138.9
3, 686. 2
9.9
10.9
300.9
10.1
8.3
289.8
9.7
10.7
321.8
9.4
12.4
308.9
9.7
12.8
319.5
7.0
14.2
295.4
9.6
10.1
281.2
10.5
11.2
299.0
5.7
9.4
289.8
4.4
9.4
324.4
6.6
14.9
320.6
10.1
12.7
335. 1
11.7
13.5
306.1
365. 6
26.0
485. 6
674. 8
353.8
32.6
519.6
715.3
30.9
27.5
42. 2
58.3
26.5
27.3
41.0
53.6
30.9
27.0
44.5
57.6
31.0
27.2
39.6
59.8
33.3
27.7
45.9
60.4
28.1
29.4
45.7
55.0
26. 8
27.9
41.9
52.8
24.8
22. 3
44.9
61.0
25.7
21.4
39.5
65.1
32.4
25.0
41.9
63.0
32.6
30.4
44.6
62.7
'30.8
30.8
35.9
45.4
51.0
659.6
204.0
570.0
74.7
685.2
218.4
556.1
79.0
57.0
203.1
56.6
5.1
49.1
205.1
41.9
5.0
56.3
204.1
51.6
6.7
52.6
209.5
39.8
6.5
63.4
214.4
49.2
7.0
57.2
216.0
45.6
6.8
54.1
221.9
48.5
5.3
55.2
221.8
49.7
6.5
57.4
218.6
43.3
7.1
66.3
219.5
44.1
8.4
59.5
208.7
44.2
8.4
57.2
218 4
41.6
mil. wine gal
_.do
do
307.3
310.0
3.5
300.1
298.7
4.9
30.4
30.7
3.2
22.6
22.8
2.8
27.9
26.8
3.8
21.5
21.8
3.6
26.5
26.1
4.0
24. 5
25.0
3.6
26.1
25.7
4.0
26.8
26.8
4.1
23.3
23.1
4.4
23.7
24.0
4.1
23.8
23.6
4.4
22.9
22 4
4 9
thous. sh. tons
do
_ .do
do
14,219
2,303
10, 018
1,000
15, 294
1 1, 629
11, 025
1,119
1,273
116
979
136
1, 129
118
854
r
!09
1,166
137
922
83
1,171
40
943
77
1,311
153
947
87
1,360
95
959
76
1,111
68
855
53
1,354
111
940
98
1,194
218
773
109
1,501
334
963
115
1,343
128
943
71
1,428
1 419
159
947
106
175
935
91
_do
do
_do_ __
do
154
160
2,382
321
177
U68
i 2, 711
218
11
20
221
9
9
29
213
30
19
32
244
22
28
19
308
22
21
5
207
21
12
3
154
39
10
2
121
24
10
15
264
16
12
8
293
5
16
13
170
2
17
13
328
18
11
9
188
11
18
20
467
16
Potash deliveries (KjO).__
_do_ __
Superphosphate and other phosphatic fertilizers
(100%P2O5):
Production
thous. sh. tons
Stocks, end of period _ _
_
do. _
3,991
4,034
351
296
504
611
319
217
145
298
380
385
267
259
4,431
624
4,555
720
403
602
406
637
439
623
415
529
385
567
346
627
287
700
325
713
359
684
401
597
400
653
390
720
Explosives (industrial), shipments, quarterly:
Black blasting powder
mil Ib
High explosives
do
.5
1,753.1
.4
1, 708. 5
Paints, varnish, and lacquer, factory shipments:
Total shipments
_ __
mil. $
Trade products
• _ __
_ .
do_ _
Industrial
finishes
do
2, 364. 4 2, 450. 3
1, 312. 4 1, 373. 1
1, 052. 0 1, 077. 2
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
. _ _ _
_ __
do
do..
mil. gal__
mil. Ib
1
1
r32.6
48.3
66.2
2.6
ALCOHOL
Ethyl alcohol and spirits:
Production. _ .
_
_
Stocks, end of period
Used for denaturation
Taxable withdrawals
Denatured alcohol:
Production.
_ _ _
Consumption (withdrawals)
Stocks, end of period
mil. tax gal
do
do
_ __do_ _
_
6.2
FERTILIZERS
Exports, total 9
Nitrogenous materials
Phosphate materials
_
Potash materials
Imports:
Ammonium nitrate-- __
Ammonium sulfate
Potassium chloride
Sodium nitrate
_
_ _
__ _
__
r
MISCELLANEOUS PRODUCTS
.1
406.4
.1
456.2
.1
442.0
1
403 9
204.8
109.3
95.4
188.0
96.9
91.0
155.8
78.6
77 2
699
2, 231
678
2,123
1,954
12.8
13 9
50.1
50.8
47.8
29.0
39 4
79.3
60.2
22 9
42 1
87.2
60 6
24 9
42 4
84. 2
57.4
189.8
221.5
296.6
203.6
228.5
321.3
213.9
235.4
311.4
162.0
81.3
80.7
167.3
88.9
78.4
208.3
114.8
93.5
208.6
121.1
87.5
231.7
134.4
97.3
250.4
146. 7
103. 7
214.8
134 2
80.7
248.2
146.8
101.5
210.4
120.1
90.3
694
2,722
611
2,618
708
2,492
696
2,405
719
2,349
668
2,215
716
2,278
695
2,244
673
2,263
190. 6
14.1
14.5
15 7
13 8
15 1
14 2
11.6
12 5
12.7
* 614. 0
46.7
43.3
51.1
47.6
52.3
52.8
.46.1
53.1
1
23 4
35.9
77.7
50.8
25.5
35.4
73.2
46.8
28 1
41 6
88 2
57 4
24 9
40 1
80.6
51.2
19 0
46.4
80.8
51 3
25 4
41 8
80.0
56 6
20 5
35 7
67.3
42 8
20 8
44 0
80.7
57 9
190.8
223.4
306.8
188.6
204.4
296.9
201 2
225.5
330.5
207.9
215.9
320.5
208.5
211.8
316.1
192. 3
212. 2
309. 8
169.8
167.7
299.7
190.2
203.1
291. 8
Sulfur, native (Frasch) and recovered:
Production... ... ... _ _ _ _ _ thous. Ig. tons. . i 8, 242
2,704
Stocks (producers'), end of period
do
8,258
1,954
T
702
PLASTICS AND RESIN MATERIALS
Production:
Cellulose plastic materials
mil Ib
Therm osetting resins:
Alkyd resins _
_
_
do
Coumarone-indene and petroleum polymer
resins
mil Ib
Polyester resins
do
Phenolic and other tar acid resins
do
Urea and melamine resins
do
1
333 5
453.3
1
982. 6
1
632. 8
Thermoplastic resins:
1
Styrene-type materials (polystyrene) mil. Ib
2, 397. 2
Vinyl resins (resin content basis) _
do . ••2,670.0
Polyethylene
_
do
13.558.7
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total
mil. kw.-hr__ 1,248,232 1,314,299 109, 951 101, 061 107, 699 102, 172 106, 582 111, 704 114,428 118, 321 107, 159 109, 498 109,818 115,905
Electric utilities, total..
By fuels
By waterpower.
.
Privately and municipally owned util
Other producers (publicly owned)
Industrial establishments, total
By fuels
By waterpower
r
1
do
do
do
1,143,737 1,211,749 101, 256
949, 254 991, 706 83, 566
194, 482 220, 043 17, 690
98, 942
80, 419
18, 523
93, 654
76, 199
17, 455
97, 727 103, 007 106,019 109, 753
78, 524 84, 505 87, 106 91, 088
19, 203 18, 502 18,914 18, 666
do
do
933, 407
210, 329
985,580
226, 169
82,618
18,638
75, 468
17, 492
80, 627
18,315
75, 546
18, 108
78, 747
18, 980
83, 772
19, 235
85, 836
20, 184
89, 231
20, 522
do
do
do
104, 496
101, 346
3,149
102, 549
99, 203
3,346
8,695
8,393
302
8,101
7,821
280
8,757
8,454
304
8,518
8,220
298
8,854
8,524
330
8,697
8,408
289
8,409
8,183
226
8,568
8,320
248
Revised.
Revised annual total; revisions are not distributed to the monthly data.
92, 960
76, 369
16, 591
98, 939 100,864 101, 288 107, 340
81, 658 82, 989 82, 781 86, 503
17, 281 17, 874 18, 508 20,837
80, 731 82, 784
18, 208 • 18, 079
8,220
8,001
219
8,635
8,369
266
82, 860
18, 429
87, 361
19, 979
8,529
8,259
270
8,565
8,251
314
cf Data are reported on the basis of 100 percent content of the specified material unless
otherwise indicated.
9Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
S-26
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1967
Jan.
Annual
March 1968
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
ELECTRIC POWER AND GAS—Continued
ELECTRIC POWER— Continued
Sales to ultimate customers, total (EEI) mil.kw.-hr 1,038,982 1,107,023
Commercial and industrial:
225, 878 242, 492
Small light and power§
do
465 077 486, 043
Large light and power§
do
93, 362
89, 654
90, 421
88, 105
87, 585
90, 587
94, 197
97, 963
95, 646
92, 564
91,635
95, 386
19, 253
39, 652
18, 613
38 367
18, 859
39, 559
18, 705
39, 530
18, 679
40, 304
20, 343
40, 991
22, 196
40, 130
23, 056
41,913
22, 310
41, 507
20, 868
41, 724
19, 708
41,308
20, 047
41, 216
4,572
331, 525
9,863
29, 426
3,102
438
30, 594
925
2,351
149
423
28 895
834
2,370
152
426
28, 174
817
2,407
179
376
26, 142
772
2,376
204
370
24, 885
726
2,316
306
337
25, 510
702
2,405
301
336
28, 166
713
2,341
315
351
29, 130
754
2,437
321
338
27, 948
794
2,436
314
355
25, 939
876
2,494
307
389
26, 513
915
2,525
278
434
29, 782
962
2,669
277
Railways and railroads
Residential or domestic
Street and highway lighting
Other public authorities
Interdepartmental
_
do
do
do
do
do
4,514
306 572
9,240
25, 922
1 779
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil $ 16 196 1 17, 222. 7 I, 431. 2 1 398.1 1, 393. 8 1,370 4 1, 362. 4 1, 416. 3 1, 481. 4 1, 523. 6 1,496.5 1, 444. 5 1,423.4 1, 473. 0
GAS
Manufactured and mixed gas:
Customers end of period total 9
Residential
Industrial and commercial
thous
do
do
670
628
41
677
634
43
672
629
42
666
624
42
mil. therms
do
do
1,386
807
562
561
363
198
311
176
131
175
68
106
Revenue from sales to consumers total 9 mil $
Residential
do
Industrial and commercial
do
127 9
83 5
43 1
49.0
33.6
15.3
29.0
18.5
10.2
16.8
8.9
7.8
thous
do
do
37, 183
34 057
3 082
38, 201
35, 062
3,139
38,073
34,991
3,037
38, Oil
34, 977
2,990
mil therms
do
do
127 524
40 959
80, 890
42, 927
18, 843
24, 084
31, 225
9,194
20, 931
24, 595
3,684
19, 578
7 745 2
4, 108 2
3 433 8
o ggo f)
1,731.9
1, 150. 5
1, 868. 3
962.6
865.8
1, 245. 1
484.2
719.6
Sales to consumers total 9
Residential
Industrial and commercial
Natural gas:
Customers end of period total 9
Residential
Industrial and commercial
Sales to consumers total 9
Residential
Industrial and commercial
Revenue from sales to consumers, total 9
Residential
Industrial and commercial
mil. $
do
do
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production
mil. bbl
Taxable withdrawals
do
Stocks, end of period
do
Distilled spirits (total) :
Production
mil. tax gal
Consumption, apparent, for beverage purposes
mil. wine gal
Taxable withdrawals
mil. tax gal _
Stocks, end of period
do
Imports.
_- _
mil. proof gal
Whisky:
Production
_ _ _ _ mil. tax gal
Taxable withdrawals
do
Stocks, end of period _ __
do_ __
Imports.
_ mil. proof gal
113.04
104 26
10.57
116. 55
106 97
10 77
8.38
7 00
11.31
8.15
7 07
11.77
10.68
9 50
12.14
10.77
9 18
12 88
11. 26
10 20
13 04
11.21
10 51
12.83
10.74
10.48
12.48
10.64
9 63
13 03
8.89
8.67
11.94
9.00
8.28
11.83
8.37
8.12
11.30
8.47
8.33
10.77
191.14
211. 69
17.20
17.20
19.36
18.17
20.27
16.46
11.14
13.83
16.80
20.58
20.73
308. 92
144. 73
r
880. 56
60.30
324 81
148. 17
904 58
68.17
21.18
9.91
885. 49
4.90
21 54
9.76
888 40
3.94
27.24
12.64
892. 90
5.21
23.66
11.70
895. 69
4.90
27.99
13.46
899. 46
5.19
27.52
12.95
900. 42
5.56
22.55
9.40
900. 14
4.04
26.46
13.27
897. 62
4.89
25.80
12.77
898. 03
5.76
28.94
16.07
897. 34
7.80
33.94
15.20
899. 16
8.54
r
37. 98
11. 05
904. 5«
7.42
4.76
128. 51
94 58
835. 46
52.20
153 77
96 99
856. 66
59.70
12.73
6.49
839. 32
4.10
13.81
6 81
843. 33
3.42
14.82
8 25
846. 85
4.49
14.09
7.54
850. 06
4.32
15.47
8 21
854. 57
4.49
10.98
7.68
7.60
5 44
855. 37 855. 62
4.88 .
3.50
9.91
8.29
854. 32
4.27
12.10
8.73
854. 33
5. 04
14.58
11.69
853. 34
6.94
14.83
10.74
853. 74
7.67
12. 76
7 21
856. 6«
6.58
4.22
101. 08
67.14
108 08
67.18
6.49
3.60
6 87
4.26
8.94
5.53
8.69
5.32
9.67
5.93
9.37
5.82
6.47
3.87
9.13
5.56
9.84
6.45
11.82
7.78
12.17
7.90
8.75
7.40
3.75
1.64
10 11
8.71
4.30
1 92
.86
.51
4.01
.14
86
.43
4 38
13
.83
.65
4.50
.17
.71
.52
4.64
.13
.74
.62
4.66
.15
.94
.68
4.87
14
.49
.48
4.86
10
1.01
.63
5.14
. 10
.80
.76
5.09
.10
.85
1.11
4.75
24
1.00
1.20
4.46
.28
1.04
1.12
4.30
.23
.15
218. 28
165. 80
265. 11
16 34
217 22
174. 58
272. 03
* 17 46
3.49
13.43
253. 50
1.22
3.14
13.14
239. 90
1.08
3.22
17.87
225. 49
1.47
2.88
13.59
212. 49
1.35
2.63
13.59
201. 88
1.51
3.11
14.94
187. 26
1.41
1.84
10.12
177. 28
1 17
3.59
15.44
165. 28
1.27
31.43
14. 69
177.92
1.51
106. 20
16.69
263. 56
1 69
47.77
7 93
' 16. 61 14.45
285. 85 272. 03
2.24
1 88
1 37
391. 12
360 60
8.68
7.44
10. 56
3.28
10.74
6.59
2.29
8.90
62.10
161. 94
58.10
19.98
mil. Ib _ 1, 112. 0
do
32.3
$ per Ib
.672
1, 233. 4
168 6
.675
112.3
35.1
.669
105.0
54.7
.672
111.8
76.2
.672
120.0
102.9
.672
129. 1
151.2
.673
129.5
191.6
.672
104.9
228.5
.672
86.2
233.2
.681
75.3
212.4
.677
84.6
200.5
.676
82.2
186.2
.675
92.4
168.6
.686
1 855.5
1,220.6
1 897 3
1 271 5
152.3
101.1
143.7
95.4
160.7
106.7
170.5
119.1
187.3
131.1
192.0
137.4
172.4
120.6
159.4
108.6
140.8
90.8
138.1
87.2
132.0
81.0
148 0
92.5
372.7
322.2
135 5
390.3
344 0
i 151 g
367.8
317.4
14 7
361.2
308.6
13.2
367.4
317.9
18.8
387.4
335.1
15.7
408.0
355.4
11.7
450.8
7.2
439.5
386.1
7.6
419.7
370. 0
8 5
401.8
354.3
9 3
390.3 r 372. 9
344.0
326 3
9 3
13 9
.527
.521
.530
.520
.518
.51
.518
.518
.518
.518
.518
Rectified spirits and wines, production, total
mil. proof gal
Whisky
. do.
Wines and distilling materials:
Effervescent wines:
Production. _ _ _ _
mil. wine gal
Taxable withdrawals
_
do. _
Stocks, end of period
do
Imports
do
Still wines:
Production _
do
Taxable withdrawals..
_ _
. d o
Stocks, end of period..
do
Imports
do
Distilling materials produced at wineries _ do _
r
r
19. 94
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
Stocks, cold storage, end of period
do
American, whole milk
do
Imports
_
do
Price, wholesale, American, single daisies (Chicago)
$ per lb__
r
Revised.
» Annual total reflects revisions not distributed to the monthly data.
442.7 457.1
' 384. 8 r 399. 8
18.4
12.0
.522
.524
r
404. 1
.529
r
108.1
163. 5
.673
172 9
.673
147 7
95 1
.530
359.8
310 4
.528
§Data are not wholly comparable on a year to year basis because of changes from one
classification to another.
9 Includes data not shown separately.
SURVEY OF CURRENT BUSINESS
March 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1968
1967
Jan.
Annual
S-27
Feb.
Mar.
Apr.
May
June
Aug.
July
Sept.
Nov.
Oct.
Dec.
Jan.
Feb.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS— Continued
Condensed and evaporated milk:
Production, case goods:
Condensed (sweetened)
mil. lb__
Evaporated (unsweetened)
do
Stocks, manufacturers', case goods, end of period:
Condensed (sweetened)
mil. lb__
Evaporated (unsweetened)
do
Exports:
Condensed (sweetened)
do
Evaporated (unsweetened)
do ...
Price, manufacturers' average selling:
Evaporated (unsweetened)
$ per case__
Fluid milk:
Production on farms.. __ _ _ _ _ _ _ _ _ . mil. Ib
Utilization in mfd. dairy products
__do__
Price, wholesale, U.S. average
$ per 100 lb__
Dry milk:
Production:
Dry whole milk
__mil. lb__
Nonfat dry milk (human food)
do
Stocks, manufacturers', end of period:
Dry whole milk
do
Nonfat dry milk (human food)
do
Exports:
Dry whole milk
_
do
Nonfat dry milk (human food)
do
Price, manufacturers' average selling, nonfat dry
milk (human food)
$ per lb._
128.6
1, 696. 1
63.7
1, 498. 9
105. 2
4.0
6.6
7.9
3.2
4.3
119.8
146.5
167.2
6.2
102.6
173.3
152.0
141.9
115.5
97.0
11.6
192.9
5.8
190.2
14.3
150.0
15.5
119.6
13.8
81.9
9 8
124.0
10.9
174.2
12.1
228.6
14.6
266.8
13.6
281.8
10.4
292. 2
265.3
73
7 0
92.9
38.4
28.6
33.8
6.73
7.05
120, 230
56, 398
4.81
119, 294
59, 578
5.02
94.4
1, 595. 1
82.8
1, 694. 2
4.6
(i)
2.9
(i)
18
1.5
5.9
3.7
7.05
7.05
7.05
' 9, 847 »• 9, 203 ' 10, 507
4,760
5,185
4,596
5.06
4.95
5.15
6.9
2.2
10, 734
5, 558
4.77
r
7.05
ll 470 r 11, 095
6,379
6 134
4.68
4.74
C1)
3.2
3.6
7.05
7.05
r
1
52
2.3
3.4
!0 315
5 599
4.80
2.3
7.05
7.05
r
(i)
1.4
r
9, 709
4,984
4.98
7.06
r
5.9
86.5
58
190.2
54
142.2
60
9
33
219.2
(*)
10
2.5
2.5
r
2.6
7.06
7.06
*Q 167
4 137
5.32
3.3
92.9
8.9
8.7
9, 124
4.173
5.20
7.8
85.0
7.06
7.06
8 814
3 875
5.36
9 299
4,198
5.29
9 608
4 631
>-5.27
6.7
135.2
6.7
129.6
8.0
145.7
88
173.0
10.2
195.1
7.2
202.4
8.2
157.5
5.1
130. 1
4.7
100. 3
5 4
100.8
5 7
100 6
61
123.9
10.9
137.9
9 4
157.6
10 2
162.3
86
152.6
7 4
136.0
72
116.1
65
99 7
61
101.1
66
84 6
1i
35
11
2 5
5.21
69
128 9
68
9 249
^\
41
6.9
6.1
118.2
101.1
' 117. 5
70
111.7
7 2
99.6
88
115.7
16.4
170.3
12.8
140.9
12
9 4
16
14.4
16
10 7
8
1.2
9
7
8
7
72
16.2
32 1
13 4
74
19 3
12
4 7
.182
.199
.200
.199
.201
.199
.199
.199
.199
.198
.199
.200
Exports (barley, corn, oats rye, wheat)... mil. bu__ 1, 590. 3 1,245.4
90.5
82.7
100.9
87.6
86.5
91.7
98.7
106.1
. 199
.198
.198
GRAIN AND GRAIN PRODUCTS
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
do_.
_do
do
_ __ _do.
do
2 393. 2
294.4
179.1
115.2
63.6
2 370. 2
302.6
182.8
119.8
40.2
2.7
3.1
$ per bu
do
1.35
1.33
1.30
1.29
1 35
1 34
1.32
1.31
Corn:
Production (crop estimate, grain only). .mil. bu_. 2 4, 117
Grindings, wet process
__ _
do
203.6
2 4, 722
207. 2
16 2
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
Oats:
Production (crop estimate)
_ _ mil. bu
Stocks (domestic), end of period, total. _ do
On farms
do
Offfarms...
do
Exports, including oatmeal _ _ _
do
Price, wholesale, No. 2, white (Chicago)
$perbu._
Rice:
Production (crop estimate)
...mil. bags?
California mills:
Receipts, domestic, rough
mil. lb._
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. lb__
Shipments from mills, milled rice
do
Stocks, domestic, rough and cleaned (cleaned
basis) , end of period _
mil . Ib
Exports
_
do
Price, wholesale, Nato, No. 2 (N.O.)
$ per lb__
Rye:
Production (crop estimate)
mil. bu
Stocks (domestic) , end of period
do
Price, wholesale, No. 2 (Minneapolis) _.$ per bu_.
Wheat:
Production (crop estimate), total
Spring wheat
Winter wheat
Distribution
Stocks (domestic), end of period, total
mil. bu
do
do
do
do
207.2
114.9
92.2
.8
3.0
4.9
1.33
1 32
1.32
1.31
1.35
1.33
15.1
17.6
16.7
3,677
2,899
779
616.6
4,215
3,353
862
515.3
35.4
38.1
2,715
2,044
671
49.0
1.34
1.31
1.27
1.25
1 40
1 36
1.38
1.33
1.38
1.34
2801
30.2
<.77
647
544
104
152.5
380.0
230 6
149 5
121.2
116.7
302 6
182 8
119 8
5.2
7.9
2.3
3.1
2.9
4.0
.3
1.1
1 33
1 31
1 32
1 29
1 31
1 30
1 26
1 26
1 26
1 26
1 25
1 24
1 20
1 20
1 23
1 24
18.1
18.2
16.1
18 6
is 4
19 2
17 1
15 9
18 2
35.4
31.7
1,743
1,337
406
34.0
28.0
36.8
254
46.4
42 5
76 3
4,215
3 353
862
61 7
51 8
1.36
1.32
1.37
1.33
1 35
1.33
1 28
1.26
1 22
1 19
1 19
1 19
1 15
1 14
1 06
1 07
1 11
1 09
1 10
1 09
9.5
4
.75
285.0
3
823
3
569
3
1 24
1 25
1,913
1,403
776
640
136
3270
3199
3
71
1 05
1 10
647
544
104
.2
.8
1.7
2.8
1.4
.9
4
Q
.79
.77
.77
.75
.74
.78
.74
.73
.74
.74
.74
179
197
147
119
163
122
138
134
180
206
104
58
144
122
202
153
165
145
352
41
81
43
59
62
187
135
.5
(5)
(5)
1
6
.80
.83
289.6
1,536
442
355
88
920
317
254
260
248
239
202
120
135
113
118
70
269
°77
254
254
5,880
3,962
6, 675
4,561
341
403
294
414
232
441
150
385
104
385
26
276
405
206
1,133
1,527
1,487
504
592
492
384
408
338
451
1,758
2 978
.083
1,875
4,066
.085
1 671
227.8
28.4
1.20
224.1
27.7
1.19
21,312
2249
21,062
1,559
2 1, 524
2312
2 1, 212
1,366
'349
'275
1,049
1,208
700
3
425
3
1,611
900
319
616
324
2,766
1,163
.085
.085
.085
.085
1.20
1.19
24.3
1.23
1.21
1.22
379
510
.085
472
390
461
239
105.5
2782
662
557
105
r
Off farms
do
704
641
461
2
Revised.
1 Less than 50,000 Ibs,
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;
r
3121.8
3
57. 0
3
64. 8
121.8
450
223
289
358
3
2 064
2 003
1 875
.085
912
194
1,571
.085
.085
.085
.085
.085
.085
18.7
1.17
1.23
1.17
33.3
1.18
1.16
1.14
27 7
1.13
145
3280
227
r
288
007
343
393
1.17
1.18
348
1,566
602
r955
PCQ
1,208
505
704
Oct. for corn).
* Average for 11 months.
pearl barley.
9 Bags of 100 Ib.
s Less than 50,000 bushels.
§ Excludes
SURVEY OF CURRENT BUSINESS
S-28
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1968
1967
1967
Annual
March 1968
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Wheat— Continued
Exports total, including
Wheat only
flour
mil. bu
do
Prices, wholesale:
No. 1, dark northern spring (Minneapolis)
$ per bu__
No. 2, hd. and dk. hd. winter (Kans. City). do
Weighted avg., 6 markets, all grades
do
875.7
820.8
675.6
637.1
51.8
48.1
40.7
38.0
50.8
46.5
48.3
44.6
48.0
44.2
50.5
45.9
59.6
57.4
65.4
63.1
71.0
68.4
59.0
56.8
71.5
68.9
59.1
55.2
63.1
58.7
1.97
1.81
1.88
1.92
1.68
1.88
1.92
1.79
1.91
1.91
1.73
1.87
1.97
1.84
1.93
1.96
1.78
1.91
1.99
1.77
1.94
1.94
1.66
1.86
1.93
1.61
1.75
1.86
1.58
1.81
1.90
1.57
1.90
1.93
1.63
1.93
1.91
1.59
1.86
1.85
1.58
1.86
1.86
1.62
1.87
Wheat flour:
Production:
253, 000 241, 623 '20, 278
Flour
thous sacks (100 Ib )
372
4,423
' 4, 621
Offal
thous sh tons
Grindings of wheat
thous bu
567, 936 548, 125 45, 528
Stocks held by mills, end of period
4,372
4,180
thous sacks (100 Ib )
1,564
16, 535
23, 540
Exports
_
do
Prices, wholesale:
Spring, standard patent (Minneapolis)
6.250
6.124
$per!001b__
6.365
5.700
5.994
5.631
Winter hard 95% patent (Kans City) do
19, 019 '21,272 '18,479 '19,756 '19,902 ' 18, 490 '21,660 '20,397 '21,216
394
382
372
398
335
346
365
345
365
42, 662 47,842 '42,767 '44,336 44, 724 41,851 48, 842 47,094 '49,019
20, 453 '20,731
'371
378
46,957 '46,503
1.85
1.63
1.85
21, 437
386
48, 354
1,903
1,172
4,226
1,844
1,560
1,642
r 4 2°4
1,976
911
1,001
4,689
1,118
921
1,115
4,372
1, 712
6.175
5.633
6.263
5.850
6. 263
5.790
6.275
5. 767
6.213
5.700
6.275
5. 800
6.013
5.583
5.975
5.450
5.975
5.483
5.925
5.433
5.913
5.383
313
2,105
840
355
400
2,338
943
459
316
2,185
891
388
300
2,425
1,013
406
285
2,423
958
326
271
2,238
955
397
332
2,461
1,108
612
348
2,330
1,078
972
383
2,433
1,393
1, 468
357
2,254
1,196
1,287
323
2,214
966
668
365
2,493
1,045
850
24.92
24.04
35.00
24.65
24.58
35.00
24.59
24.81
31.00
25.37
25.14
34.50
25.83
25.49
32.00
26.37
25.61
30.00
27.18
25.53
31.00
27.59
24.79
31.00
26.95
24.91
31.00
26.46
23.90
32.00
26.38
23.68
33.00
26.68
23.89
27. 19
25.68
5,652
1,233
6,725
1,442
5,870
1,372
5,306
1,328
5,178
1,249
4,743
1,118
5,808
1,257
6, 114
1,286
6,684
1,545
6,431
1,531
6,100
1,396
6,496
1, 445
1,288
18.81
18.05
17.23
21.31
21.05
21.12
19.94
19.09
18.06
17. 22
16.79
14.9
14.0
13.5
17.4
16.7
17.7
18.4
17.1
17.2
989
221
67
1,072
250
71
872
215
76
890
300
95
904
272
96
902
277
76
1,001
359
113
1,037
405
223
1,007
451
300
21.25
21.25
22.75
29.25
26.75
24. 75
24.00
22.50
2,419
2, 748
2,513
2,569
2,552
2,327
2,624
697
42
99
727
41
110
783
39
96
725
43
91
664
39
112
601
34
130
528
40
131
334
3
82
1,324
325
3
63
1,466
313
3
67
1,378
303
3
61
1,524
300
3
56
1,514
288
3
77
1,381
276
3
97
.451
.437
.434
.419
.427
.442
.454
574
15
^56
15
52
15
56
15
44
16
43
17
43
15
12, 000
13, 279
"1,191
1,042
1,226
1,090
1,002
9,662
234
55
298
10, 749
286
56
*307
'961
256
5
23
845
290
7
27
996
331
6
32
890
386
5
24
798
336
4
25
.587
.569
.544
.515
.578
.512
.540
.506
.549
.467
.483
.458
1,695
100
158
.152
1,835
151
189
.126
167
116
18
.138
143
125
14
.136
166
132
9
.133
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. Ib—
9,342
8,786
Stocks, cold storage (frozen) , end of period, total
436
540
mil. lb__
Turkeys
do
267
367
Price, in Georgia producing area, live broilers
.145
.122
$perlb_.
' Revised.
1
Annual total reflects revisions not distributed to the mont hly data.
682
551
'434
'272
409
254
.125
.140
.130
LIVESTOCK
Cattle and calves:
Slaughter (federally inspected) :
372
4,002
4,432
Calves
thous animals
27, 319
27, 771 '2,368
Cattle
do
1,142
Receipts at 28 public markets
do
' 13, 134
12, 487
7,852
514
Shipments, feeder, to 8 corn-belt States
do
8,056
Prices, wholesale:
25.21
Beef steers (Chicago) .
$ per 100 Ib
26.17
25.97
Steers, stocker and feeder (Kansas City)__do
24.32
'25.41
24.73
33.00
Calves, vealers (Natl. Stockyards, Ill.)__do
32.38
32.38
Hogs:
Slaughter (federally inspected) thous animals
63, 729
70,890 ' 6, 296
1,497
Receipts at 28 public markets
do
15, 175 1 16, 263
Prices:
Wholesale, average, all grades (Chicago)
22.61
$perl001b._
18.95
18.77
Hog- corn price ratio (bu. of corn equal in value
to 100 Ib. live hog) _
18.5
16.3
14.8
Sheep and lambs:
Slaughter (federally inspected) __ -thous. animals.. 11, 553
1,067
11, 495
Receipts at 28 public markets
do
298
3,901
3,619
Shipments, feeder, to 8 corn-belt States
do
88
1,449
1, 988
Price, wholesale, lambs, average (Chicago)
$ per 100 Ib—
25.00
23.48
22.50
17.73
18. 8G
16.1
16.9
17.8
899
323
150
869
248
92
1,050
276
190
22.25
22.50
22.00
23.00
24.75
2, 599
2,787
2,646
2,582
2, 816
530
40
134
584
47
138
637
46
123
644
36
120
'651
38
128
1,495
255
3
99
1,422
252
2
101
1,490
258
3
101
1,384
278
3
88
1,381
286
3
76
1,554
'287
3
87
262
.460
.469
.486
.466
.460
.460
.464
.474
43
13
48
11
50
11
49
13
45
15
45
15
54
15
13
995
902
1,082
1, 128
1,248
1,217
1,156
1,208
799
293
3
32
724
239
2
26
878
199
3
24
918
203
4
21
1,009
250
7
23
987
279
5
23
944
286
5
32
993
'288
4
27
291
.523
.556
.557
.554
.523
.594
.563
.553
.545
.545
.547 ,
.502
.546
.465
.573
.472
.515
.533
145
142
19
.135
148
128
13
.129
141
. 128
14
.124
129
118
20
.119
149
106
16
.125
152
107
13
.124
172
105
18
.120
168
120
27
.113
154
'151
8
.116
157
170
7
624
622
733
791
771
992
942
1,007
897
730
687
351
207
321
176
296
149
308
160
368
221
486
332
603
441
725
554
608
431
540
367
'525
'356
459
312
.125
.120
.125
. 140
.120
.120
.110
.105
.105
.125
.135
17.5
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in) , inspected
slaughter
.
mil. Ib— ' 29, 291
Stocks (excluding lard), cold storage, end of
period
mil. lb._
621
Exports (meat and meat preoarations)
do
480
Imports (meat and meat preparations)
do
1,318
Beef and veal:
Production, inspected slaughter
do
' 16, 710
Stocks, cold storage, end of period
do
317
Exports _
do
32
Imports
do
895
Price, wholesale, beef, fresh, steer carcasses, choice
(600-700 Ibs.) (New York)
$ per lb__
.442
Lamb and mutton:
Production, inspected slaughter
mil. Ib
581
Stocks, cold storage, end of period
do
17
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
$perlb._
Fresh loins, 8-1 2 Ib. average (New York) ._ do
Lard:
Production, inspected slaughter. _ _
_mil. Ib
Stocks, dry and cold storage, end of period do
Exports
_
do
Price, wholesale, refined (Chicago)
$ per lb..
31, 102
644
484
1,397
17, 249
286
34
1967
' 2, 736
668
36
115
' 1, 489
634
March
SURVEY OF CURRENT BUSINESS
1968
Unless otherwise stated, statistics through 19S6
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
| 1967
Annual
S-29
1968
1967
Jan.
Feb.
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS— Continued
Eggs:
Production on farms
mil. cases O~
Stocks ,cold storage, end of period:
Shell
_
thous. cases O
Frozen
mil Ib
Price, wholesale, extras, large (delivered; Chicago)
$perdoz._
184.6
194.9
16.4
15.0
17.0
16.7
17.0
16.2
16.4
16.1
15.6
16.2
15.8
16.5
16.6
15.7
27
36
86
89
'63
37
55
41
41
44
120
55
265
71
427
85
391
93
315
99
283
100
239
98
150
96
86
89
'75
85
76
80
.401
.298
.343
.311
.322
.265
.258
.251
.324
.288
.320
.283
.298
.315
.310
.278
Cocoa (cacao) beans:
Imports (incl. shells)
thous Ig. tons
Price, wholesale, Accra (New York)
$ per lb._
319.3
.246
282.6
49.8
.266
50.9
.305
39.8
.290
21.6
.274
10.8
.276
18.9
.278
16.5
.269
9.2
.279
8.9
.303
12.4
.291
17.8
.316
26.1
.310
35.8
.320
.300
Coffee (green) :
Inventories (roasters', importers', dealers'), end
of period
thous bagscf
Roastings (green weight)
d'o
3,141
21, 300
2,414
21, 291
22,056
6,726
21, 312
MISCELLANEOUS FOOD PRODUCTS
Imports, total
do
From Brazil
_
do
Price, wholesale, Santos, No. 4 (N.Y.)__$ perlb..
Confectionery manufacturers' sales
mil $
Fish:
Stocks, cold storage, end of period.. _ _ _ _ _ _ mil. lb__
Sugar (United States):
Deliveries and supply (raw basts) :§
Production and receipts:
Production.
thous. sh. tons..
Entries from off-shore, total 9
do
Hawaii and Puerto Rico
do
.288
2,874
5,657
412
.388
136
1,647
468
.395
111
2,126
627
.388
86
1,818
620
.380
122
1, 599
476
.380
191
2,103
778
.375
167
1,845
637
.375
166
1,424
316
.373
'127
2, 202
631
.378
139
.375
224
204
190
183
184
226
240
247
238
248
253
'227
199
216
246
143
110
233
184
10
158
156
144
214
198
123
481
146
48
479
102
60
760
286
92
538
205
670
542
152
1,090
327
117
978
339
99
2,128
24
1,048 '1,051
1,027
1,017
1,149
1,428
862
840
1,418
829
818
2,217
106
27
85
287
29
1
434
138
51
201
13
4
.074
2,092
.384
1,616
271
253
253
4,045
6,250
4,103
6,391
1,958
2,074
561
1,911
170
5,592
4,816
1,722
'455
.388
115
1,618
359
.388
143
6,069
5,226
1,717
362
.385
106
1,979
560
.395
146
.414
1, 534
2,414
2,702
2, 457
do
do
do
10,444
10, 299
10, 516
10, 245
2,832
683
673
2,734
873
859
2,614
824
788
2,501
880
842
2,870
2,379
1,053
1,022
2,130
891
875
1,869
Exports raw and refined
sh tons
3,006
1,468
40
89
91
57
68
197
58
117
587
32
Imports:
Raw sugar, total 9
From the Philippines
Refined sugar total
thous sh tons
do
do
4,198
1,039
38
4,584
* 1, 134
97
'275
64
5
295
45
10
406
100
4
421
154
3
281
54
4
466
132
5
500
143
3
449
70
1
444
103
3
324
49
7
Deliveries total 9
For domestic consumption
Stocks, raw and ref , end of period
Prices (New York) :
Raw, wholesale.
$perlb__
Reflned'.
Retail (incl. N.E. New Jersey) ----$ per 5 lb__
Wholesale (exql. excise tax)
$perlb__
Tea, imports
thous Ib
2,598
674
658
r
848
827
'2,870 *2,832
.071
.072
.072
.072
.073
.074
.073
.073
.073
.074
.074
.073
.620
.096
2.619
.099
.633
.099
.630
.099
.629
.099
.629
.099
.627
.099
.631
.099
2.623
.099
.620
.099
.620
.099
.615
.100
.617
.100
132, 996
142, 583
12, 461
11, 633
14,419
14, 518
12, 663
12, 378
10, 476
11,907
9,931
8,196
10, 144
13,857
10, 910
3, 225. 7 i 259.8
119.3
139.2
260.1
118.8
270.5
249.9
275.9
267.5
149.0
281.3
123.8
294.2 ' 268. 2
125.6
221.5
135.8
284.7
125.9
283.6
276.0
119.2
127.6
126.0
123.4
139.2
141.7
2,922.1
238.0
240.8
255.6
230.3
255.8
247.3
93.0
251.8
81.3
229.5 ' 232. 5
76.0
251.0
87.8
238.2
89.4
244.5
92.8
254.1
81.9
70.0
80.9
'92.8
93.9
2, 114. 1
59.9
202.3
194.9
65.3
160.5
68.2
186.6
61.3
176.8
53.3
189.3
59.9
202.8
49.5
174.7
55.3
.257
.273
.256
.256
577.8
51.0
35.3
63.0
53.4
44.4
75.1
4, 753. 0
2, 401. 6
408.5
387.9
507.7
191.3
471.9
118.4
73.0
146.3
1.9
6.1
153.0
.5
5.6
154.4
.074
.618
.099
.070
Baking or frying fats (incl. shortening):
Production
______mil. lb__ 3, 189. 5
Stocks, end of period©
do
118.6
Salad or cooking oils:
Production
do
2, 946. 8
Stocks, end of period©
do
83.4
Margarine:
Production
_
do
2, 109. 7
53.2
Stocks end of period©
do
Price, wholesale (colored; mfr. to wholesaler or
.266
large retailer; delivered)-.$ per lb__
. 073
97.9
84.7
84.5
171.0
57.9
173.6
59.7
139.4
61.9
176.8
61.4
168.2
57.9
.256
.256
.256
.256
.256
.256
.256
.256
.256
5L3
43.9
78.4
50.3
44.9
83.6
57.2
46.3
80.8
49.8
45.0
83.5
41.5
40.4
80.5
44.9
55.4
72.8
43.8
45.1
70.2
42.9
40.3
72.8
45.7
44.4
69.7
'46.0
'39.7
'73.2
419.8
393.7
403.8
419.1
397.4
394.2
210.8
373.5
200.7
408.8
387.1
194.4
395.7 ' 394. 0
211.1
481.8
220.4
432.4
405.8
497.2
364.1
173.6
501.2
434.6
192.2
441.9
' 188. 9
' 424. 6
203.9
488.7
.8
5.7
135.5
3.2
6.9
145.5
9.1
6.2
165.9
20.1
6.6
165.6
21.4
6.0
167.7
21.9
6.6
165.0
13.0
5.7
160.4
9.0
5.7
165.1
11.6
5.7
168.1
'5.9
'6.2
' 146. 3
.4
6.0
147.3
(d)
45.0
65.0
191.6
20.2
(d)
52.4
68.3
184.3
24.3
(d)
49.0
52.0
145.9
25.8
(<0
53.4
63.5
114.0
24.1
(d)
49.6
69.5
107.8
18.5
(d)
44.5
62.9
107.7
34.2
37.3
54.4
68.4
94.5
31.4
35.5
42.7
61.4
100.5
35.2
34.6
35.5
'53.1
' 133. 6
16.2
32.3
52.2
61.2
144.2
115.8
37.7
33.7
31.0
49.5
38.5
34.8
35.1
50.0
40.2
36.8
40.0
49.2
33.9
33.2
30.0
48.7
38.2
33.2
35.7
45.6
39.1
35.8
34.9
46.8
38.9
39.7
40.1
43.0
35.5
32.7
34.2
41.3
'33.8
35.1
'35.6
'37.7
34.8
36.4
35. 7
36.6
58.6
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats:A
Tallow, edible:
566.7
Production (quantities rendered)
mil Ib
516.1
Consumption in end products
do
50.9
Stocks, end of period!
do
Tallow and grease (except wool), inedible:
Production (quantities rendered)
do_ __ 4, 466. 9
Consumption in end products .
_ _ d o _ _ _ 2, 439. 6
447.4
Stocks, end of period!
do
Fish and marine mammal oils:
164.1
Production
do
72.1
Consumption in end products...
do _._
158.5
Stocks end of period f
do
525.1
73.2
424.6
210.5
205.6
Vegetable oils and related products:
Coconut oil:
(d)
358.5
(d)
(d)
Production* Crude
mil Ib
44.9
41.3
52.4
569:6
565.1
Refined
do
56.4
62.7
783.4
749.1
65.9
Consumption in end products
do
206. 8
133.6
194.5
187.7
Stocks, crude and ref., end of period^
do. _
79.6
18.4
498.2 i 523. 0
196.8
Imports
do
Corn oil:
33.7
40.4
444.2
34.3
446.6
Production: Crude.
do
30.3
38.8
418.1
34.0
397.6
Refined
__
_ do
32.5
38.2
421.5
34.2
388.0
Consumption in end products. __
_
do
44.9
45.8
37.7
47.0
53.5
Stocks, crude and ref., end of period^
do
' Revised.
* Preliminary.
d Data withheld to avoid disclosure of operations of individual firms.
1
2
Annual total reflects revisions not distributed to the monthly data.
Beginning July
1967, prices based on 1967 benchmark; 1967 average is for July-Dec, period. July 1967 price on
old bases, $0.631.
202.1
46.8
38.7
82.2
414.9
O Cases of 30 dozen.
cfBags of 132.276 Ib.
§ Monthly data reflect cumulative revisions
for prior periods.
9Includes data not shown separately; see also note " §"..
AFor data
on lard, see p. S-28.
©Producers' and warehouse stocks.
UFactory and warehouse
stocks.
SURVEY OF CURRENT BUSINESS
S-30
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
| 1967
Annual
March 1968
1967
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS, AND RELATED
PRODUCTS- Continued
Vegetable oils and related products— Continued
Cottonseed cake and meal:
Production
thous sh. tons
Stocks (at oil mills) , end of period
do
Cottonseed oil:
Production* Crude
mil. Ib
Refined
do
Consumption in end products
.
do
Stocks, crude and refined (factory and warehouse), end of period
mil. Ib
Exports (crude and refined).
do - _
Price wholesale (drums; N.Y.)
_ $ per Ib
Linseed oil:
Production, crude (raw)
mil. Ib
Consumption in end products _ _
do _ _
Stocks, crude and refined (factory and warehouse) , end of period
_.mil. lb.
Price wholesale (Minneapolis)
$ per Ib
Soybean cake and meal:
Production
thous sh. tons
Stocks (at oil mills) , end of period
do
Soybean oil:
Production' Crude
mil. Ib
Refined
do _
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) end of period
mil. Ib
Exports (crude and refined)
do._ _
Price wholesale (refined* "N" Y- )
$ per Ib
2,381.4
94.2
1, 570. 6
146. 7
237.6
111.6
179.1
126. 1
184.0
148. 1
106.8
166.9
63.3
160.9
67 5
157.8
44.2
148.4
65.9
133.2
49. 1
104.9
143.5
121.6
229.0
137.1
r
r
1, 674. 6
1, 506. 4
1, 258. 1
1, 137. 5
1, 050. 8
997.0
168.0
128. 7
82.5
126.6
117.1
86.3
128.7
122.8
86.9
73.9
108.5
90.5
43.5
87.5
91.9
49.6
72.6
78.3
30.2
42.6
73.4
45.4
47.7
80.6
33.5
32.9
74.7
100. 2
55.1
79.4
167.1
111.6
87.4
r
381.8
184.0
.178
252.1
172.1
434.9
3.7
.151
476.9
4.6
.158
514.0
476.9
25.4
.158
416.7
11.6
.158
364.7
2.0
.160
298.3
6.2
.150
246.0
2.6
. 152
207.0
3.0
.154
198.7
.158
228.6
4.7
454.2
234.7
365.8
213.3
33.3
19.1
29.7
19.3
31.3
19.1
30.2
20.2
32.5
22.5
35.4
19.6
7.2
16.9
32.9
18.1
37.8
16.9
35.3
15.6
35.9
13.9
208.4
.128
213.3
205.9
.128
204.9
.128
206.5
128
204.7
.128
211.8
.128
199.2
.128
184.1
.128
185.4
187.4
.127
196.6
.132
222.6
.132
1,157.6
134.1
1,022.3
111.0
1,107 6 1, 103 6
122.1
111.7
1,061.7
141.3
1 029 5
102 3
972.9
109.6
12, 614. 4 13, 065. 1
120.0
177.0
8.7
1,083.7 1, 080. 9
86.3
146.1
197. 9
161.1
140. 8
«• 123. 7
85.1
143.8
137.3
85. 5
r 252. 1
314.9
3.4
4.5
.150
••24.3
12. 1
T
«• 213. 3
27.6
14.4
222.8
1,136.9 1, 180. 1 rT 128.3 1, 126. 5
l,
151.6
127.6
165.5
177. 0
5,811.2
5, 152. 0
5, 210. 2
5, 991. 7
5, 072. 8
5, 207. 5
529.0
460.4
452.2
468.8
410.4
418. 7
496.8
446.0
455.6
502.8
387.4
404.4
514.7
424.8
436.8
513 5
450.3
450.6
494.1
377.0
373.2
480 1
432.7
443 7
459.5
398.2
450.1
515.1
428.2
448.5
515.7
414.8
436.2
r
501. 6
' 442. 6
r 432. 7
498.9
428.5
456.7
510.9
684.8
.140
655.1
i 912. 3
566.1
24.3
581.6
45.7
600.4
41.0
127
633.7
66.5
127
591.0
131.0
687 5
43.1
570.1
114.3
655. 1
40.1
682. 3
30.3
122
595.0
118.0
115
571.3
79.1
122
632.2
86.2
114
r
127
535.8
120.2
128
31, 425
14 899
43, 458
19, 985
4,995
59, 439
16, 876
50, 656
20 487
66, 834
17, 520
5,486
68, 822
13, 892
44, 296
16 337
4,141
41,376
485
2,270
3,495
51,658
648
1,917
3,894
43, 835
3,870
46, 653
' '710
1,680
4,148
42, 529
3,902
36, 593
3,484
41, 081
8 593
8,640
138
842
8 700
160
912
8,873
221
931
10, 783
174
735
4 500
2 833
4,200
3 460
479
4,400
1,804
488
410
125
430
105
460
500
.108
.098
127
TOBACCO
Leaf:
Production (crop estimate)
mil. lb__ 21,888 2 2, 007
Stocks, dealers' and manufacturers' end of period
5,486
mil. Ib
5,353
Exports, incl scrap and stems
thous. lb_ 551, 162 1 571, 559
179, 336 1 197, 109
Imports incl scrap and stems
do
36, 930
14,907
34, 791
16,680
5,339
39,111
13, 488
53, 273
15 305
48, 091
14 828
4 880
39, 444
19 089
Manufactured:
Consumption (withdrawals):
Cigarettes (small):
Tax-exempt
Taxable
Cigars (large) taxable
Exports cigarettes
3,406
41,319
537
1,769
3,967
39, 936
4, 593
43, 591
3,972
44, 084
4,321
48, 101
5, 262
48 123
millions
do
do
millions
128
5.6
196. 8
146. 7
46, 112
522, 532
7,076
23,453
48, 971
527 798
6,845
23, 652
477
1,731
592
2,202
572
2,059
639
1,943
529
2,396
605
1,811
111
109
609
1,824
441
2,049
557
1, 599
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value total 9
thous $
Calf and kip skins
thous. skins
Cattle hides
thous hides
Imports:
Value total 9
Sheep and lamb skins
Goat and kid skins
thous $
thous pieces
do
Prices, wholesale, f.o.b. shipping point:
Calfskins packer heavy 9/-^/15 Ib
Hides steer heavy native over 53 Ib
$ per Ib
do
155, 623
2,582
14, 307
127 893
2,626
11 987
12, 608
15, 404
13 169
1 324
1 103
11,300
198
1,154
12, 546
1,171
1,090
351
757
88, 995
36 998
10, 331
61 200
36 044
7 109
5 500
1 859
5 600
2 510
793
6 200
3 857
6 300
4 079
457
5 400
3 194
5 300
2 925
576
5 200
3 846
4,100
2,503
865
740
558
601
.177
460
190
500
134
575
129
500
129
450
125
450
119
450
130
400
125
.400
.110
008
406
682
375
1 912
'907
2 012
1 924
2,153
71 769
5 511
3 114 5
97 9
105 5
99 §
646 897
603 214
LEATHER
Production:
Calf and whole kip
thous skins
Cattle hide and side kip
thous hides and kips
Goat and kid
thous skins
Sheep and lamb
do
4
23
13
29
Exports:
Tipper and lining leather
65 704
thous. sq. ft
Prices, wholesale, f.o.b. tannery:
Sole bends light
index 1957-59 — 100
Upper, chrome calf, B and C grades
index 1957 59 — 100
LEATHER MANUFACTURES
Shoes and slippers:
Production total
thous pairs
Shoes, sandals, and play shoes, except athletic t
Slippers |
Athletic
Other footwear
Exports
1
2
4
23
8
28
497
96
6
2
230
332
265
349
320
264
721
8,801
531
1 808
2 557
8 933
4 415
5,631
7 260
6 301
6,883
6, 520
101.1
98 2
95 4
95.4
91 2
90 5
90.5
95 3
88 1
88 1
83 5
84 2
85 8
48 744
49 094
40 932
58 249
50 545
53 858
r
51 558
47 766
43 175
9,882
r
41 345
r 9 428
"•608
40 552
6,440
177
583
191
3 691
5 565
103 2
107 4
106 0
104 6
103 2
101 6
99 2
98 3
52 534
49 890
53 819
46 30°
577
228
532
172
do
2 737
2 217
157
120 9
199 9
111 0
121.2
113 1
125. 8
614
87.9
6 192
do
do
do
2 330
91.2
98 3
4 869
38 466
7 088
208
797
1,977
2 402
44 665
8 351
15, 701
347
378
2,070
781
2,748
2 251
42 463
6 723
391
757
2,607
1 461
45 571
6 158
370
4,500
3,174
2 102
226
1 983
841
8,476
217
837
663
340
9 050
' 777
2,459
9 085
510
233
1,131
624
2,778
379
1 895
'752
2 201
742
263
948
841
161
Revised.
Annual total reflects revisions not distributed to the monthly data.
Crop estimate for the year, s Average for 11 months.
299
536 583
100 633
6 576
2,838
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 _ _ _ d o
T
720
830
372
302
175
39 552
8 364
769
39 777
8 504
485
34 027
6 444
2 059
47 314
10 121
583
160
342
118
611
203
162
191
162
121 5
121 5
121 5
113 7
124.7
113 7
124.4
113 7
125.2
634
162
585
163
613
215
174
237
164
123 5
123 5
123 5
111 4
122.9
111 4
124.5
111 4
124.7
294
1 899
40 356
9 445
374
680
2,399
555
189
618
183
207
212
179
207
167
121 5
121 5
122 0
124 5
124 5
125 7
113 7
124.9
113 7
123.9
113 7
125.5
113 7
129.5
113 7
129.6
6,732
113 7
129.9
144
9 Includes data for items not shown separately.
tRevisions for 1966 (thous. pairs): Shoes, sandals, etc., June, 44,962; July, 38,471; Oct.,
43,372; slippers, June, 8,901; July, 6,560; Oct., 10,665.
SURVEY OF CURRENT BUSINESS
March 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1967
Annual
S-31
Jan.
Feb.
Mar.
Apr.
May
June
1968
Aug.
July
Sept.
Oct.
Nov.
Dec.
Jan.
LUMBER AND PRODUCTS
LUMBER— ALL TYPES
National Forest Products Association:
Production, total
mil. bd. ft
Hardwoods
._ _ _do
Softwoods
do
36, 433
7,563
28, 870
2
34, 595
7, 185
27 410
"2 536
554
1 982
2,671
560
2 111
3,161
610
2 551
2,900
648
2,252
3,039
628
2,411
2,976
621
2,355
2,654
578
2,076
3,124
594
2,530
2,970
605
2,365
3,066
613
2,453
2,864
564
2 300
2,549
513
2,036
2 539
316
2 223
34 948
7, 356
27, 592
2 577
650
1 927
2 736
615
2,121
3 112
678
2,434
2 954
623
2,331
2 987
571
2,416
2,961
563
2,398
2,773
529
2,244
3, 137
581
2,556
3,043
613
2,430
3,025
605
2,420
2 853
611
2,242
2 700
603
2,097
2 655
544
2,111
»• 5, 747
1, 080
4, 667
5, 810
1,391
4,419
5,810
1 106
4,704
5,880
1,125
4,755
5,931
1,127
4,804
5,935
1,186
4, 749
5,968
1,215
4,753
6, 013
1,300
4,713
5,909
1,374
4,535
5,902
1,399
4,503
5,857
1,414
4,443
5,872
1,441
4,431
5,907
1,426
4,481
5,810
1,391
4,419
5, 812
1,346
4,466
Exports, total sawmill products. _ _ _ _ _ _ d o _ _ _
Imports, total sawmill products
__ _ _do
1,009
5,120
1,112
4,987
76
300
67
339
87
502
95
419
98
432
131
496
89
418
100
598
90
431
103
415
82
380
95
256
100
407
SOFTWOODS
Douglas fir:
Orders, new
Orders, unfilled, end of period. . -
mil. bd. ft
do _ _
8,480
486
2
7, 934
580
678
568
603
602
668
600
657
589
677
562
704
567
644
606
708
597
595
528
624
502
660
505
693
580
681
621
-do
do_ __
do
8,601
8,615
1 026
2
2
7, 864
7, 840
1 006
613
596
1 057
612
568
1 101
739
670
1,170
670
668
1,185
729
704
1,210
656
699
1 167
539
605
1,084
716
716
1,084
634
665
1 053
683
649
1,045
662
658
1 049
574
618
1,006
700
640
1 018
Exports, total sawmill products. _
do
Sawed timber.
do___
Boards, planks, scantlings, etc
do
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
$ p e r M bd. ft_.
Flooring, C and better, F. G., 1" x 4", R. L.
$ per M bd. ft
401
110
290
388
113
275
34
10
24
27
8
19
31
9
22
35
10
25
37
9
28
48
18
30
27
7
21
30
4
26
32
11
21
32
9
23
24
9
15
32
10
22
36
9
27
Shipments total
Hardwoods
Softwoods
do
do
-do
-_-
Stocks (gross) , mill, end of period, total... do
Hardwoods
_do__
Softwoods
_'
do__ .
Production
Shipments
Stocks (gross) , mill, end of period
36, 662
8, 075
28, 587
2
2
2
2
2
r
r
85.62
85.54
83.94
80.91
84.06
82.96
82.40
83.24
82.82
86.09
90.71
89.63
89.20
90.43
165 87
169 99
169 11
170 31
171.47
171. 47
172. 63
172 05
170 86
170. 86
169. 30
168. 63
167 96
165 24
mil, bd. ft
do .
6 419
274
6 717
307
487
288
524
310
582
294
540
291
566
292
575
294
519
283
637
316
589
315
599
294
572
277
527
307
577
328
Production
__do
Shipments
do
Stocks (gross) , mill and concentration yards, end
of period
_ __
__ ..mil. bd. f t _ _
Exports, total sawmill products
M bd. ft
Prices, wholesale, (indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1957-59=100
Flooring, B and better, F. G., I" x 4", S. L.
1957-59=100
6,654
6 511
6,751
6 684
514
473
510
502
605
598
526
543
588
565
583
573
517
530
586
604
584
590
592
620
610
589
536
497
574
556
1,230
99, 202
1,297
87, 436
1,271
6,566
1,279
7,042
1,286
8,329
1,269
6,425
1,292
8,502
1,302
7 026
1,289
5,989
1,271
6,496
1,265
6,220
1,237
8,795
1, 258
8 817
1,297
7,229
1,315
8 674
105.1
103 4
101 0
101.0
101.6
101.4
102.2
103 1
103.6
103.7
105.0
105.2
106.5
107.0
106.2
106 0
106 2
105 8
105.8
105.8
105.1
105 1
105 2
105.6
106.4
106.7
107.2
107 4
Southern pine:
Orders new
Orders unfilled, end of period
Western pine:
Orders new
Orders, unfilled, end of period.
mil. bd. ft
_ _do_ _
10, 295
427
2
10 375
557
732
476
865
501
904
503
871
511
884
507
845
495
920
525
955
510
898
479
904
484
793
504
835
557
756
607
Production
do
Shipments
_ _ _
do
Stocks (gross), mill, end of period
do
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over) _
_$ per M bd. ft_
10,337
10, 403
1,666
2
2
10 023
10 245
1,445
652
683
1,635
770
841
1,564
947
902
1,609
820
863
1,566
847
888
1,526
862
857
1,531
824
890
1,465
973
970
1,468
911
929
1,450
923
899
1, 474
795
773
1,496
731
782
1,445
714
706
1,453
69.39
71 95
65.88
66.40
69.55
73.32
74.16
73 87
73 83
73.12
73.18
74.39
73.73
71.94
31.2
16.3
25.1
26.7
1.8
26.1
15.4
28 4
26 5
4.4
17
16.2
19
19
1.9
2.2
16.7
1.8
1.8
2.0
3.0
17.5
2.2
2.1
2.2
3.1
18.0
2.1
2.2
2.2
2
17
2
2
2
3
2
5
4
3
2.6
17.4
24
2.4
2.3
2
17
2
2
2
2
4
4
0
5
2.2
17.0
2.9
2.9
2.9
12
16 4
25
2l
33
21
16 6
24
25
30
18
15.8
27
24
3.5
1.7
15.4
25
1.8
4.4
1.7
15.2
2 7
2.1
5.0
618. 1
26 0
685.6
654.4
58 3
547 0
20 1
551. 2
552.2
57 9
45 9
26 7
44.0
45.2
57 1
48.3
31 7
42.4
43.0
56 4
61.1
39.4
51.6
53.4
53.9
39.4
34.8
46.4
44.0
55.9
43
31
49
46
60
1
8
9
5
3
45 3
28 4
47.2
47 9
61 4
42 2
28 7
38 6
41 9
58 0
61 1
33 8
52.0
56 1
54 0
43
28
47
49
52
2
0
4
0
3
41.1
23 9
49.3
45.8
54 7
40 0
21 9
45.4
42 1
58 1
36 1
20 1
37.1
37.3
57 9
42 0
20 5
41.1
40.6
58 4
103
716
118
657
5
106
779
(i)
129
610
(i)
128
451
(i)
127
353
(i)
141
485
(i)
1 308
28
71
1,013
28
78
1, 102
34
14
27.48
27.50
28.65
30.00
_
HARDWOOD FLOORING
Maple, beech, and birch:
Orders, new
Orders, unfilled, end of periodProduction
Shipments
Stocks (gross) , mill, end of period
Oak:
Orders, new
Orders unfilled end of period
Production
Shipments
Stocks (gross) mill end of period
mil bd. ft
do
do.do
do
do
do
do
do
do
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
_ _
1 724
5 857
12
1 685
7 635
7
205
491
(i)
190
544
(i)
162
776
(i).
160
641
I
137
805
1
122
811
Cn
10 753
464
1 252
11 455
286
2 631
782
31
44
744
12
46
882
24
37
828
16
41
1 030
26
63
963
27
41
965
22
49
985
22
62
956
29
22
999
21
57
393
150
062
835
4 451
3 259
7 290
7 770
4 198
3*119
6 784
7 854
3 803
2 674
6 058
7 861
4 351
3 058
7 009
7 871
4 293
3 070
6*937
7 840
4 488
3*238
7*397
7 709
26 98
26.50
26 79
26.00
27 23
26.00
27 18
26.00
27 59
27.00
28 28
27.00
26 55
26.00
cn
Iron and Steel Scrap
Production
Receipts
Consumption
Stocks, consumers', end of period
thous sh tons
do
do
do
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets)
$ per Ig. ton
Pittsburgh district ..
_
do
55 463
36 606
91 584
8,193
4 466
2 702
7 254
8 102
4
2
6
7
142
462
904
798
4
2
7
7
610
909
492
826
29.95 3 27. 51
28 53
27 38
31.00
27.00
27.50
27.00
27.00
r
2
Revised.
* Preliminary.
i Less than 500 tons.
Annual total reflects revisions
3
not distributed to the monthly data.
For Feb.-Dec.
* Corrected.
4
3
7
7
Feb.
SURVEY OF CURRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1967
Jan.
Annual
March 1968
Feb.
Mar.
Apr.
May
June
196S
Aug.
July
Sept.
Oct.
Nov.
Dec.
Jan.
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Ore
Iron ore (operations in all U.S. districts):
Mine production
thous Ig tons
Shipments from mines
do
Imports
do
90, 704
90, 583
46, 259
84, 195
83, 359
i 44, 627
4,773
1,869
2,864
4,576
1,772
2,049
5,049
1,778
1,712
6,277
5,494
2,629
9,039
11,119
4,582
9,419
10, 998
5,273
9,526
11, 373
4,204
9,697
10, 631
5,377
8,875
9,816
3,500
7,367
8,714
4,946
4,766
6,502
4,377
4,831
3, 293
3,328
2,390
U.S. and foreign ores and ore agglomerates:
Receipts at iron and steel plants
do
Consumption at iron and steel plants
do
Exports
- do
128, 225
127, 694
7,779
119, 435
118, 982
5,944
3,400
10, 203
252
3,391
9,370
366
3,753
10,479
346
6,988
9,816
736
14, 349
10, 015
626
15, 240
8,853
585
15, 037
9,222
739
14, 373
9,456
337
12, 627
9,562
524
12, 631
10, 307
674
10, 651
10, 479
417
6,995
11, 220
342
346
' 69, 431 71, 116
' 12, 066 13, 008
54, 658
55, 121
2,707
2,987
66, 280
15, 793
47, 843
2,644
63, 055
18, 637
41, 864
2,554
59, 349
21, 908
35, 138
2,303
57,141
22,515
32, 311
2,315
59, 242
20,435
36, 645
2,162
64, 069
18, 856
43, 032
2,181
68, 203
17, 042
48, 847
2,314
72,375
16, 103
53. 764
2, 508
74, 727
15, 162
56,829
2,736
75,903
13, 815
59, 153
2,935
73,804
11, 470
59,325
3,009
71, 116
13, 008
55, 121
2,987
124
134
112
60
61
85
60
69
121
66
96
97
108
7,374
7,355
6,804
6,853
7,587
7,555
7,215
7,117
7,321
7,288
6,639
6,605
6,696
6,678
6,951
7,102
7.055
7', 198
7,530
7,631
7,626
8,182
8,097
3,036
2,995
3,066
3,161
3, 224
3,299
3,354
3,204
3,068
2,960
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62.70
63.00
63.50
62. 70
63. 00
63. 50
62.70
63.00
63.50
940
1,220
636
945
1,113
606
927
1,246
675
896
1,180
653
919
1,262
698
896
1,256
709
882
934
581
896
1,240
747
897
1,169
703
909
1,235
742
'850
' 1, 262
'716
914
1,197
649
161
90
54
147
85
54
140
95
60
134
81
48
133
93
55
131
88
53
132
64
41
137
85
51
132
89
51
122
95
49
'120
89
51
121
86
48
126,920
130.7
10,633
128.9
10, 041
134.8
10, 963
132.9
10, 349
129.6
10, 577
128.2
9,576
119.9
9,620
116.6
10, 300
124.8
10,438
130.7
11, 171
135.4
11, 299
141.5
11,953
144.9
295
1,857
1, 554
557
171
145
510
165
139
454
189
159
404
162
136
373
165
139
342
168
142
328
124
105
317
138
113
319
138
116
303
143
118
'300
'145
'119
295
149
123
Stocks, total, end of period. _ _
At mines
At furnace yards
At U S docks
Manganese (mn. content), general imports,
do
do
do
do
do
1, 293
1,086
Pig Iron and Iron Products
Pig iron:
Production (excluding production of ferroalloys)
thous. sh. tons.. i 91, 500 i 86, 976
91, 770
Consumption
do
Stocks (consumers' and suppliers'), end of period
thous. sh. tons.2,962
Prices:
62.74
Composite
$ per Ig. ton
62.70
63.00
Basic (furnace)
do
63.00
Foundry No 2 Northern
do
63.50
63.50
Castings, gray iron:
Orders, unfilled, for sale, end of period
thous. sh. tons__
962
914
15, 716
Shipments total
do
14, 314
8,927
For sale
do
8,115
Castings, malleable iron:
Orders, unfilled, for sale, end of period
182
thous. sh.tons..
121
1,133
Shipments total
do
1,040
688
For sale
do
615
Steel, Raw and Semifinished
Steel (raw) :
Production
thous sh tons
134,101
Index
daily average 1957-59=100
138.1
Steel castings:
Orders, unfilled, for sale, end of period
590
thous. sh. tons_.
2,155
Shipments total
do
1,792
For sale total
do
12,015
145.6
Steel Mill Products
Steel products, net shipments:
Total (all grades)
Byproduct:
Semifinished products
Structural shapes (heavy), steel piling
Plates
Rails and accessories. __
i 89, 995
183,897
7,292
6,531
7,562
6,763
7,247
7,029
6, 221
7,169
6,700
7,181
7,310
7,003
7,758
do
do
do
do_. _
3,806
6,764
9,103
1,776
4,061
6,133
7,948
1,434
348
534
701
137
360
508
668
144
403
591
784
169
326
536
665
154
316
538
667
147
291
481
660
125
264
448
574
95
327
492
645
98
329
494
597
78
363
511
640
94
371
518
691
88
376
493
680
109
380
495
759
127
Bars and tool steel total
do
Bars: Hot rolled (incl. light shapes)
do
Reinforcing
do
Cold
finished...
do. .
Pipe and tubing
do
Wire and wire products .
do
Tin mill products
do
Sheets and strip (incl. electrical) , total. _ . do
Sheets* Hot rolled
do
Cold rolled
do
14, 523
9,126
3,276
1,999
9,233
3,495
5,828
35, 468
10, 137
15, 972
13,053
7,961
3,249
1,733
8,969
3,133
6,591
32, 574
9,312
14, 709
1,142
4 741
219
170
801
247
555
2,827
799
1,299
1,059
673
215
160
557
249
510
2,476
710
1,089
1,212
755
268
177
705
288
638
2,772
794
1,208
1,069
650
267
143
722
270
589
2,432
686
1,085
1,106
662
279
156
897
275
564
2,737
796
1,238
1,093
637
297
149
908
280
601
2,590
773
1,111
958
560
278
113
736
229
541
2,377
695
1,067
1,124
663
312
142
820
276
596
2,790
793
1,267
1,024
617
288
112
718
267
685
2,508
726
1,121
1,108
650
311
137
710
270
560
2,924
841
1,301
1,136
702
281
144
725
253
333
3,196
885
1, 508
1,044
672
236
128
662
225
427
2,986
823
1,435
1,138
749
218
161
730
267
573
3,290
947
1,573
By market:
Service centers and distributors
do
i 16, 400 i 14, 863
i 11, 862 i 11, 375
i 4, 969 i 4, 582
1
17, 984 i 16, 488
3 842
2,650
1,089
3 928
3 706
3 161
1 197
3,793
3,475
2,876
1 133
4 029
3,864
2,722
1,168
4,774
2 1, 285
2908
2374
2
1, 787
i 4, 332
i 5, 747
i 6, 597
i 22, 104
i 3, 225
i 4, 994
i 7, 255
1
21, 115
995
1,357
1 829
5,677
899
1,221
1 952
5,109
634
1,103
1,956
4,885
702
1,275
1,517
5,470
2283
•2523
2646
2 1, 952
10.1
65.1
67.9
P 9.1
P 62.5
» 63.5
10.1
5.3
5.3
9.2
5.7
5.6
'9.1
' 5.4
'5.5
p 9.6
p 6.1
P 5.6
5.4
v 5.3
5.5
5.3
5.3
5.7
5.6
5.3
5.2
5.4
5.3
5.2
5.3
p 5.3
9.8
9.2
p 12.5
P 9.6
9.9
9.1
10.1
9.3
10.0
9.3
10.5
9.1
10.7
9.0
10.4
8.7
10.8
8.7
10.7
8.7
11.1
8.8
11.6
8.8
11.8
9.1
12.5
'9.6
.0842
Steel (carbon), finished, composite price $ per lb_
r
Revised.
» Preliminary.
1
Revised total; monthly revisions are not available.
.0850
.0848
.0848
.0848
.0848
.0848
.0848
month shown.
.0848
.0848
.0852
.0854
.0855
.0860
Contractors' products
do
do
Rail transportation
_. . do
Machinery, industrial equip., tools.
do___
Other
do
Steel mill products, inventories, end of period:
Consumers' (manufacturers only).. mil. sh. tons.
Receipts during period
do .
Consumption during period
do
Service centers (warehouses)
do
Producing mills:
In process (ingots semifinished etc )
do
Finished (sheets, plates, bars, pipe, etc.)-do___
10.0
4.8
4.9
9.9
5.4
5.5
9.4
4.9
5.4
2FCr
9.0
5.3
5.7
8.7
5.1
5.4
9.1
4.5
4.1
9.1
5.3
5.3
8.8
5.1
5.4
9.1
5.7
5.4
P 12.2
p 10.0
Feb.
SURVEY OF CUEEENT BUSINESS
March 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual
S-33
1967
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons
Recovery from scrap (aluminum content) do
Imports (general):
Metal and alloys, crude
Plates, sheets, etc
_
Exports metal and alloys, crude
521.8
119.1
188 2
Stocks, primary (at reduction plants), end of
period
thous. sh. tons
Price, primary ingot, 99.5% minimum.__$ per lb. _
Aluminum shipments:
Ingot and mill products (net)
Mill products total
Plate and sheet (excluding foil)
Castings!
450.5
56.3
209.0
74.8
.2450
do
do
do
- -
268.4
67 0
277.0
58.0
277.6
64.0
270.4
65.Q
283.8
65.0
277. 2
44.5
39.0
37 9
26.4
30.7
43.0
35.3
3.1
37.7
3.1
45.7
54.6
19.6
18 3
20.3
12.3
12.8
11.0
12.4
11.1
13.3
.2498
83.1
.2500
93 3
.2500
109 8
.2500
142.0
.2500
170.6
.2500
187.6
.2500
204.9
.2500
216.1
.2500
.2500
.2500
730.4
524.2
243.3
128.4
752. 1
565 7
242 5
135.8
751.0
549 2
254 2
133 3
658.3
486.9
216.9
98.6
743.3
527.4
227.5
133.6
745.8
534.3
243.1
115.2
760.8
560.6
255.5
121.6
736.6
539.2
245.0
130.1
750.2
509.8
237.9
127.9
131. 9
138.3
114 9
23 4
42.3
130
160
129
30
42
4
0
8
2
7
127 0
161 9
130 0
31 9
43 2
r
r
31.7
42.9
27.3
15.6
20.5
22.4
30.0
23.5
37.8
21.8
16.0
21.5
18.1
21.8
17.7
21.7
22.8
33.2
29.6
27.4
23.3
21.2
274.4
72 0
36 6
20 5
32 7
6 5
24 9
24.0
21.9
76 6
. 2474
69 1
.2500
69.8
.2500
7.7
41.1
5.3
6.8
8,799. 2 8, 863. 5
6 459. 1 6, 371. 7
2 942. 3 2,871.8
1 633 7 1, 534. 7
727
495
224
145
6
4
9
4
739
519
239
128
8
1
2
4
767.7
559.8
241.8
136.4
Copper:
Production:
Mine recoverable copper
thous sh tons
Refinery, primary
do
From domestic ores
do
From foreign ores
do
Secondary, recovered as refined
do
949.8
1 429 2
1,711.0 1, 133. 0
846 6
] 353 1
286.4
357 9
394.5
472.0
122
148
122
26
40
4
9
3
6
9
117 8
138 6
111 5
27 i
33 1
132.9
151.8
124.9
26.9
41.0
Consumption refined (by mills etc.)
Stocks, refined, end of period
Fabricators'
Price bars electrolytic (N Y )
270 1
63 0
243 6
62 0
mil. lb
do
do
do
Imports (general) :
Refined, unrefined, scrap (copper cont.)
Refined
Exports:
Refined and scrap
Refined
278 9
65 0
265 2
67 0
2968 4
808 0
r
4.5
3.6
4.7
66.5
88.8
70 3
18.6
27.9
3.4
8.3
4.5
4.2
3.4
4.7
do
do
596.7
162 7
644.1
328.3
43 1
20 3
58 4
19 8
42.6
13.3
45.4
21 3
55, 2
18 2
59.3
22 5
39.9
18.2
36.6
17.9
57.8
26.9
61.4
45.0
79.9
58.1
64.4
47.5
99.5
78.3
do
do
334 7
273 I
241.8
159.4
21 7
15 7
22 4
16 0
32.7
24.9
27 7
21 5
20 6
16 0
32 9
28 7
24 2
18.3
11.3
12.5
12.1
4.2
13.3
10.4
4.9
2.0
9.4
2.5
2 382 0 1, 948. 2
240.0 p 172. 7
174 0 p 5117. 3
3823
3617
204 5
233 9
169 4
3787
197 8
227 1
160 6
3810
217.9
242.3
177.5
.3808
187 0
240 8
193 6
3817
191 7
270 7
205 6
3812
192 2
289 6
223 6
3808
102 2
318.4
247 8
3830
142.5
279.2
210. 3
3909
133.5
238.1
172.5
p 134. 9
p 204. 4
p 139. 5
P 122. 6 p 121. 4
p 185. 1 p 172. 7
p 124. 1 p 117. 3
.2500
p 109. 8
p 169. 5
p 107. 6
do
do
do
$ per lb
4.3
2.9
Copper-base mill and foundry products, shipments
(quarterly total) :
Copper mill (brass mill) products
mil. lb
Copper wire mill products (copper cont ) do
Brass and bronze foundry products
do
3,326
2 494
i i 007
2,595
2,360
Lead: A
Production:
Mine, recoverable lead
thous. sh. tons
Recovered from scrap (lead cont )
do
327.4
*572 8
311.1
545 3
25 3
45 4
25 3
42 2
29.4
48.0
29.0
43 3
31.5
45 5
27.4
40 9
24.2
39 2
24.5
48.7
23.3
46.9
24.3
48.6
21.9
50.1
21.9
46.6
488.4
431.3
U 323 9 1 240 2
45.3
106 6
42 2
97 3
46.6
110.9
36 2
104 9
34,, 6
108 8
54.0
103 8
38 2
85 4
43.6
102.6
30.3
100.9
41.2
109.8
42.5
104.5
33.6
104.6
43.9
160.2
166.1
Imports (general), ore (lead cont.), metal
Consumption total
do
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' (lead content) cf
do
Scrap (lead-base, purchased), all smelters
(gross weight)
thous. sh. tons
Price, common grade (N.Y.)
$ perlb__
Tin:A
Imports (for consumption) :
Ore (tin content)
Bars, pigs, etc
Recovery from scrap total (tin cont )
As metal
Consumption, pig, total
Primary
Exports, incl. reexports (metal)
Stocks, pig (industrial) end of period
Price, pig, Straits (N.Y.), prompt
745
644
241
142.2
160.2
157.9
154 8
154.8
154 7
159.1
158.8
165.0
171.2
169.8
173.4
168.8
23.4
90 3
23.6
100 4
24 9
92 6
29 7
90 2
29.5
98.6
32 2
97 3
33 7
93 5
31.6
105 3
31.5
114 2
28.2
112.8
22.7
108 5
19.5
106.0
19.1
102.0
52.8
.1512
54.8
.1400
45 9
.1400
46 8
.1400
46.3
.1400
49 3
.1400
50.4
.1400
50.8
.1400
51.3
.1400
49.9
. 1400
46.8
.1400
47.9
.1400
48.2
.1400
.1400
.1400
Ig tons
do
do
do
do
do
2 4, 372
3,255
41,624 49, 924
25 318
3 315
85, 486 i 78, 585
60 209 1 57, 310
17
3,662
1 910
393
2 883
1 945
122
4,268
1,940
32
5,350
1 885
179
3,933
1 955
0
3,328
2,010
0
4,359
1,620
0
3,302
1,775
964
4,305
1 530
1,013
4,416
1,615
68
5,343
1,660
467
4,775
0
5,473
7,000
5 040
6 720
4 875
7,260
5,275
6,685
4 740
7, 570
5,350
7,065
5,125
5,995
4,370
6,220
4,690
6,025
4 530
6,150
4,545
6,165
4,485
6,265
4, 655
do
do
$ perlb__
3 069
22 687
1.6402
4
4
Consumption (recoverable zinc content) :
Ores
Scrap, all types
do
do
265
265
260
270
270
280
320
65
275
240
305
295
285
36
2,509
19 305
1. 5340
737
402
235
22 400
1. 5388
20 665
1. 5438
20 500
1.5371
20 825
1. 5333
20, 265
1.5311
20 560
1. 5494
20, 975
1. 5439
572 6
546 4
43 6
43 7
50 1
48 7
49.9
47 6
521.3
277.4
534.1
221 4
47.9
27.2
51.2
11.1
48.6
26 9
46.8
14.9
56.9
15.4
64.0
17.0
i 126 7
269 6
106 1
223 1
9 1
19 1
8.7
10 2
19 2
9.3
8.8
8.0
18 9
18 8
19.0
18.5
87.6
83.0
73.8
70.2
68.3
65 6
68.5
1.1
108. 6
106. 5
100.7
()
4.3
99.5
113.4
97.3
.1356
105.6
96.0
.1355
117.9
101.2
.1350
116.7
93.0
.1350
109.3
88.7
.1350
94.5
89.2
.1350
190
6.0
83.7
.1400
71.6
99.8
10.6
102.9
6.5
100.4
Zinc: A
Mine production, recoverable zinc
thous sh tons
Imports (general):
Ores (zinc content)
.
do
Metal (slab, blocks)
do
1
Slab zinc:
Production (primary smelter), from domestic
84.1
and foreign ores
thous sh tons
89 2
95 1
1 038 1 943 0
5.4
5.4
Secondary (redistilled) production
do
72 4
5.7
67 7
Consumption, fabricators'
do
104.8
105.8
1 410 2 1 217 8
107 8
(3)
.1
Exports
do
.3
1.4
16 8
Stocks, end of period:
4
83.8
87.9
64. 8
78.1
Producers', at smelter (AZI)O do 84.3
Consumers'
do
108.5
105.2
122 7
115.5
.1450
Price, Prime Western (East St. Louis).$ per lb- .1450
.1384
.1450
.1450
r
Revised.
p Preliminary.
i Revised total;4 monthly revisions are not available.
2 Total for 11 months.
3 Less than 50 tons.
Reported yearend stocks. See BUSINESS
STATISTICS note. 5 Jan.-Aug. average.
^Effective 1966, estimates are derived from a new sample and are not directly comparable
with earlier data; see note in Feb. 1967 SURVEY.
596
579
605
529
232
649
608
249
209
86.0
5.7
97.3
.1
103.7
103.7
.1450
257
5.4
3
165
4.9
39
30
19, 305
1. 5259
42.1
41.3
41.1
29.8
11.9
44.8
23.0
32.8
19.0
8.3
8.6
18 2
18.6
10.0
18.6
18.1
18 607
1. 5101
19, 250
1. 5199
44.3
48.7
43.2
45.2
18.3
37.6
20.6
28.3
16.1
7.6
17.7
4.8
8.6
18.4
5.1
75
17, 590
1. 5501
19, 855
1. 5250
5.8
.1
7.0
.1
3
()
89.0
90.9
.1350
1. 4788
1. 4563
50.3
29.3
8.9
.1
.7
84.3
97.3
.1350
73.4
66.4
.1350
.1350
AData reflect sales from the Government stockpile.
cf Consumers' and secondary smelters' lead stocks in refinery shapes and in copper-base
scrap.
©Producers' stocks elsewhere, end of Feb. 1958,11,200 tons.
SURVEY OF CURRENT BUSINESS
S-34
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1967
Annual
March 1968
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
METALS AND MANUFACTURES—Continued
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and con vectors, shipments:
Cast-iron
- - __ _ mil. sq. ft. radiation _
Nonferrous
do
Oil burners:
Shipments __ _ _
- _ _thous
Stocks end of period
do
Ranges, gas, domestic cooking (incl. free-standing,
set-in, high-oven ranges, and built-in oven
broilers) shipments
thous
Top burner sections (4-burner equiv ), ship do
Stoves, domestic heating, shipments, total-- do__ _
Gas
do
Warm-air furnaces (forced-air and gravity air-flow),
shipments, total-.
_thous _
Gas
do
Water heaters, gas, shipments
_
do
2
1
559. 5
3
44.1
1
.5
65
.6
5.5
.6
5.9
.3
5.8
.5
5.7
.7
6.9
.4
5.6
.5
8.8
.8
96
.7
98
.6
80
46.8
43 4
40.5
40.4
46.6
39.1
30.3
43.3
46.2
40.4
55.6
42.4
35.7
42.6
69.2
44.0
71.5
36.8
74.9
29.7
61.9
28.9
138 7
12 3
163. 2
13 5
206.9
16.1
161.3
13 6
182.4
15 9
194. 5
18 6
133.5
13 8
185.4
18.4
197.6
21 2
195.5
18 9
191.8
17 5
56.1
33 2
74.1
44.6
74.3
49.4
69.6
44.7
98.5
68.2
101.2
81.8
115.7
85.2
157.1
113.4
190.7
134.7
188.0
136.4
' 120. 1
'92.7
67.5
44.7
88.1
68 3
206 4
86.8
66.6
203.7
94.0
73.6
229.0
90.1
72.8
224.6
98.7
78.7
199.2
107.0
81.3
203.3
113.1
89.2
176.1
144.7
108.5
225.5
172.5
126.6
214.7
168.9
126.7
233.3
r 126. 8
'96.9
197.1
110.4
90.6
198. 2
19.7
90.4
625.6
27.3
2, 135. 6
234 1
1 1, 482. 3
1, 033. 8
1, 313. 0
928.9
1, 525. 1 1,401.3
1,211. 3 1, 079. 8
2, 488. 9 2, 511. 1
1
46.5
27.3
MACHINERY AND EQUIPMENT
Foundry equipment (new), new orders, net
mo. avg. shipments 1957-59=100
Furnaces (industrial) and ovens, etc., new orders
(domestic), net
_
mil. $
Electric processing
do
Fuel-fired (exc. for hot rolling steel)
do
Material handling equipment (industrial) :
Orders (new) index seas adj
1957-59 ~ 100
Industrial trucks (electric), shipments:
Hand (motorized)
number
Rider-type
do
Industrial trucks and tractors (internal combustion
engines) shipments
number
Machine ^ools:
Metal cutting type tools:f
Orders new (net), total
Domestic
Shipments total
Domestic
Order backlog, end of period
Metal forming type tools :f
Orders, new (net), total
Domestic
Shipments, total
Domestic
_
Order backlog, end of period
.
mil. $
do
do
do
do
do
do
do
do
do
279.9
300.5
216.6
195.8
320.6
523.5
255.0
323.9
213.1
207.0
319.8
536.0
210.2
284.9
270.1
179.3
23.9
95.9
140.7
112.3
171.6
8.9
.8
4.1
18.2
1.2
5.0
13.4
1.4
8.3
10.6
1.0
5.8
9.7
1.8
4.0
14.1
1.2
8.4
10.9
1.0
7.1
14.3
.5
9.8
10.7
.5
3.6
5.5
1.1
1.8
10.3
1.3
6.3
11.0
.5
7.1
10.1
.8
7.1
212.4
177.2
176.6
231.6
165.3
205.8
173.4
219.3
201.0
190.8
10, 390
12, 404
11, 133
12, 174
826
886
903
976
1,024
1,374
997
1,032
1,079
1,014
1,136
995
844
885
789
780
875
1,021
845
1,067
903
1,058
912
1,086
47, 043
41, 996
3,465
3,417
3,985
3,552
3,748
3,938
3,283
3,284
3,665
3,292
2,961
3,406
207 2
1,629.90
1, 483. 10
1,221.75
1,097.50
1 , 306. 7
445. 72
401 35
463. 45
436. 85
394 4
Other machinery and equip., qtrly. shipments:
Construction machinery (selected types), total 9
mil. $
i 1,922.4
i 47(5 Q
Tractors tracklaying total
do
Tractors wheel (con off-highway)
do
162 3
Tractor shovel loaders (integral units only),
i 412 9
wheel and tracklaying types
mil $
Tractors, wheel (excl. garden and contractors'
off-highway types)
mil $
1 005 9
Farm machines and equipment (selected types),
excl tractors
mil $ r\ 220 6
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), shipments
thous
32 124
Household electrical appliances:
Ranges, incl. built-ins, shipments (manufacturers'), domestic and export
thous
2 028 0
Refrigerators and home freezers, output
1957-59=100
163 0
Vacuum cleaners, sales billed
thous
5 582 7
Washers sales (dom and export)
do
4 406 3
Driers (gas and electric), sales (domestic and
export)
thous
2 360 8
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
90.85 101. 00 110.80
94.15 101.45 105. 35
93. 90 115. 60
77.45
78.80
77.25
1, 134. 95
93.30
89.00
82.65
90. 85 100. 05 82.95 105. 60
67.65
86.30
74.40
71.75
1, 024. 65
100. 55 132. 80 103. 60 118.30 129. 80 102. 55 93.05 122. 40 106. 20 114.25
1 353.20 92.30
90.45 116.25
92.60 107. 35 115. 50
94.70
83.65 108. 85
83.05
95.80 101.45
1,211.05
1, 088. 5 1, 308. 6 1,309.5 1,282.0 1,269.3 1,252.0 1,233.0 1, 224. 3 1, 246. 9 1, 203. 3 1, 174. 3 1, 137. 5
19.40
286. 65
248 15 » 18. 85
36.05
452. 75
33.70
406. 90
377.7
228.3
24.40
21.55
40.85
36.35
361.3
20.20
18.80
42.85
39.70
338.6
25.25
20.20
40.35
38.70
323.5
21.70
18.20
40.40
37.00
304.8
7 435. 0
95.4
720.7
388 4
28.50
23.65
46.70
37.70
286.6
25.35
18.75
29.70
26.10
282.3
19.30
18.30
28.80
24.65
272.8
21.60
19.20
31.90
29.40
262.5
534.4
121- 7
28.0
423.9
92 6
717.2
7 102. 0
122.5
957 9
294 0
185 1
1 203 4
375.8
23.60
21.70
34.55
31.15
234.5
' 33. 25
' 27. 20
' 39. 45
' 35. 15
228.3
4
17 6
r4
27 9
4
33 3
4
69 9
' 4 75 8
4
20.45
18.60
31.45
24.95
217.3
59.2
91.2
273.9
24.10
21.75
41. 15
37.30
245.4
73.65
>• 88. 35
61.85
' 80. 15
137. 40 106. 55
94.40
'121.40
'1, 088. 5 1,055.6
r
r
348.7
263. 4
215.6
' 32, 062
2,747
2,179
2,302
1,872
1,897
2,070
2,396
3,133
3,246
3,609
3,431 ' 3, 179
1 909.6
151.0
138.0
154.0
164.9
158.9
163.7
131.7
165.1
153.0
162.8
176.7
173.4
145.8
5 677 4
4 333 1
145.1
454.9
317.0
143.3
444.3
325 4
140.1
506.6
397.2
155.6
397.7
272.5
139.0
394.9
346.4
156.1
444.6
383.6
140.8
415. 2
357 7
106.6
489.0
440.7
151.4
514.6
461 4
171.1
574.9
424 3
161.2
563.4
317 6
139.6
477.4
289 2
2 642 3
220.4
202.2
316.2
325 8
297 2
256.1
23 595
12 402
21 698
10 881
1,727
853
1,479
1,049
2, 574
« 1, 219
2 164
1,031
2 226
1, 022
5 2,278
5
1, 066
i§68 3
712 0
63.7
60 1
60.2
62.2
58 2
59.9
239
205
e 113 3
51 3
97 6
47 5
6
6
7. 6
3.4
6 6.8
3.5
186.2
119.3
117.5
146.6
169.1
285.7
771
1,171
1,483
680
1,584
729
s 1, 621
5728
1,027
474
1,767
858
64.9
56.1
58.2
59 2
47.4
62.2
5
1,
5
218
225
6
9.1
4.5
6
8. 2
5.0
6
9. 2
4.1
6
9.1
4.3
6
8. 3
5.0
6
8. 4
3.6
5
188
s 7.6
3.9
67.3
3.0
67.5
3.1
3,843
147.0
505.0
' 1, 463
798
188
8. 4
4.0
6
6. 9
3.8
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. sh. tons__ 12, 941
'959
12, 002
'919
1,079
Exports
do
41
595
35
766
60
Price, wholesale, chestnut, f.o.b. car at mine
$persh. ton__ 12. 824
13. 475 13. 475
12.892 13.475
Bituminous:
Production
thous. sh. tons__ 533,881 545,850 47, 000 42, 390 47, 670
2
' Revised.
i Revised total; monthly revisions are not available.
Total for 11 months.
s
4
5
Reported year-end stocks. See BUSINESS STATISTICS.
For month shown.
Data cover
5 weeks; other periods, 4 weeks.
e Excludes orders for motors 1-20 hp.; domestic sales of
this class in 1967 totaled $110.5 mil.; Jan. 1968, $8.7 mil.
7 Effective 1st quarter 1967, total
shipments and shovel loaders include types not previously covered and off-highway wheel
tractors exclude types previously covered; also, the wheel tractors for 3d quarter 1967 omit
'932 ' 1,079
37
46
12. 005
12. 005
'975
45
'880
35
1,235
49
1,024
76
962
63
1,011
59
947
48
12. 005
12. 495
12. 495
12.985
12. 985
13. 475
891
13. 825
897
28
44, 730 49,410 44, 860 36, 560 50, 470 45, 100 48, 400 47, 170 42, 090 44, 125 42, 875
one type (usually included) to avoid disclosure of individual operations.
fRevised series. Monthly data for 1956-66 are on pp. 35 ff. of the Mar. 1968 SURVEY.
9 Total includes data not shown separately.
O Radio production comprises table, portable battery, auto, and clock models; television
c
sets cover monochrome and color units.
Corrected.
SUEVEY OF CUREENT BUSINESS
March 1968
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual
S-35
1967
Jan.
Mar.
Feb.
May
Apr.
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
42, 066
23,364
16, 674
7,840
44, 043
24, 631
17, 247
8 165
Jan.
PETROLEUM, COAL, AND PRODUCTS—Continued
COAL— Continued
B ituminous— C ontinued
Industrial consumption and retail deliveries,
total 9
thous. sh. tons. _ 486, 266
264, 202
Electric power utilities
do
201, 490
Mfg and mining industries, total
do
95, 892
Coke plants (oven and beehive)
do
480,259
271, 784
190, 900
92, 106
45, 023
24, 723
17, 689
7,946
41, 517
22, 758
16, 209
7 258
41, 711
22, 910
17,117
7 979
37,370
20, 955
15, 639
7,611
38, 150
21, 543
15,845
7, 836
37, 590
22, 318
14, 770
7 327
36, 724
21, 999
14, 199
7,367
38,820
22, 922
14, 942
7,513
19, 965
17, 099
2,610
2,550
1,680
729
693
433
473
895
1, 311
1,592
1,985
2,148
74, 466
52, 895
21, 332
9,206
93, 128
69, 737
23, 212
10,940
72, 951
51, 307
21, 425
9,244
70, 196
49, 583
20, 439
9,364
71, 231
50 702
20, 380
9,491
74, 696
53, 702
20, 846
9,829
80,209
58, 156
21, 855
10, 596
85, 234
61 831
23 175
11, 019
80, 621
60, 150
20, 240
8,774
86,726
65, 089
21, 392
9,465
90,707
68, 653
21, 825
9,726
94,467
70, 935
23, 305
10, 611
95, 001
71 357
23, 345
10, 914
93, 128
69 737
23, 212
10, 940
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 _
239
179
219
174
149
148
198
228
231
245
229
227
199
179
49, 302
49, 510
2,622
3,610
3,102
4,193
4, 912
4 987
4 032
4,641
3,966
4,722
4,948
3,775
4.952
6.971
5.217
6.795
5.122
7.162
5.122
7.162
5.116
7.197
5.238
6.463
5. 231
6. 426
5.224
6 417
5.237
6.561
5.233
6.596
5.272
6.681
5.242
6.856
5.287
6.998
5.278
7.017
1,442
65, 959
17, 611
834
63, 737
119
5,453
1,537
'92
4,996
1 341
'63
5,552
1 523
'60
5,312
1,420
5, 394
1, 545
55
47
74
5,105
1 605
'56
'60
5,208 ' 5, 154
1,529
1 540
74
5 098
1 535
5,412
1,523
5,410
1,483
5 643
5 602
' 3, 078
' 2, 863
'215
1,459
1,102
5, 467
4,961
506
3,249
3 018
231
1,489
76
3,388
3 156
232
1,474
68
3,527
3 273
254
1 453
67
3,732
3 465
267
1,420
58
3,963
3, 687
277
1, 372
50
4 350
4 051
5,016
4 595
5,439
4 972
467
'1,400
51
5,499
5 022
477
1,337
64
5 375
4 879
84
5,277
4,824
453
1,413
61
5 467
4 961
48
4,766
4 371
396
1,451
36
950
2.98
293.8
91
1,303
2.98
268.4
92
1,168
3.00
296 1
92
1,054
3.00
282.9
91
1,243
3.00
297. 1
1 234
3 00
294 6
1,466
3.00
310.0
94
1,133
3.05
302.0
94
1,774
3.05
310.9
1,193
3.05
299.1
92
1,056
3.05
309.7
94
mil. bbl ._ 4, 435. 6
405. 4
356.5
397.5
381.2
383. 4
368 2
388.4
402.4
378.5
402.0
383.3
3,027. 8
468.7
265.6
43.5
241.5
39.3
264.9
43.2
254.3
42.6
260.0
43.3
256 3
41 5
283.9
42.7
292.5
43.3
272.9
41.6
279.1
44.7
269.4
44.0
447.1
492.0
41.1
55.2
29.2
46 4
37.6
51 9
00 o
46 2
39.9
40 2
33 6
36 9
30.1
31 8
31.5
35 2
31.5
32.6
31.9
46 4
29.6
40 2
38.1
1.4
-18.4
-12.8
33.4
12. 5
50
21.0
18.7
23.4
11.6
—23.3
4, 397. 5
403.9
374.9
410.4
347.8
370.9
363 2
367 4
383.7
355.2
390 4
406 6
1.5
do
70.9
do_ ._
__
do_ _, 4, 325. 1
_ _ _ _ __do. _ 1, 793. 4
_ _ _ _ __do
101.1
(i)
5.7
398.2
137.3
13.6
o
6.6
368.3
128.9
12.4
.1
6.3
403.9
152.2
9.6
.3
6.8
340.7
0
6.9
18
7 0
354 4
165.5
4 3
85
82
6.0
8.4
340.8
14
do. .
__do._.
do
797.4
626.4
244.4
92.5
70.5
21.2
89.1
62.8
20 1
90.2
67.7
23.7
58.3
52.7
24 1
do
do
_ do. _ _
48.9
134.1
323.9
3.8
4.7
35.5
3.0
31
30.9
3.9
5.9
30.0
do
_ _ do_
do
__do_ __
874 5
238.4
40 4
595.7
875.9
250. 6
35.6
589.6
857.5
252. 4
33 3
571.8
844.6
258.1
35.8
550.8
878 1
266.8
44 3
567.0
890 5
268.8
52 7
569. 0
895
261
59
574
_
.do __ 1, 792. 6
_ _ _ _ _ __do_ _
38
do
194.2
154.3
.3
212.4
136.4
.4
221.2
146.2
.3
216.2
142. 7
214. 7
151.8
3
206.9
.113
.115
.120
.120
.120
.220
.227
.227
.225
.224
.228
41 9
34
78
33
.3
8.2
31
4
8.3
2.9
.3
7.7
30
35
2 8
79
7 5
.6
7.3
102 1
25.0
10.1
21.5
9.2
18.3
8.5
17.2
7.2
6.9
18.7
6 5
21 6
7.6
7.5
19.4
7.6
23.7
25.1
25.5
.107
.109
.109
.109
.109
.109
.112
.112
.112
Retail dealers
do_ _
Exports
do
Prices, wholesale:
Screenings, indust. use, f.o.b. mine
$persh. ton_
Domestic large sizes, f.o.b. mine __
do
COKE
Production:
Beehive
-Oven (byproduct)
Petroleum coke§
Stocks, end of period:
Oven-coke plants total
At furnace plants
At merchant plants
Petroleum coke
Exports
37, 130 40, 115
21, 133 22, 528
14, 630 ' 15, 939
7,435
7,829
- --thous. sh. tons__
do _
do
do _ _
do
do
do__ _
do_
- -
2
710
59
299
1 387
421
1,408
75
506
46
3 241
74
495
78
PETROLEUM AND PRODUCTS
Crude petroleum:
Oil wells completed
Price at wells (Okla.-Kansas)
Runs to stills
Refinery operating ratio
number. _ 16, 780
2.93
$ per bbl
3, 447. 2
mil. bbl
91
% of capacity. _
_ _
All oils, supply, demand, and stocks:
New supply, total
Production:
Crude petroleum
Natural-gas liquids, benzol, etc
Imports :
Crude petroleum
Refined products
do
do. _
do_ _
do
Change in stocks, all oils (decrease, — )
do_ __
Demand, total
Exports:
Crude petroleum
Refined products
Domestic demand, total 9
Gasoline.
Kerosene
do
Distillate fuel oil
Residual fuel oil
Jet fuel
_
Lubricants __
Asphalt
Liquefied gases
Stocks, end of period, total
Crude petroleum _ _ _ _ _
Natural-gas liquids
Refined products
_ _ __
Refined petroleum products:
Gasoline (incl. aviation):
Production
Exports
-.
Stocks, end of period
_
_
Prices (excl. aviation):
Wholesale, ref. (Okla., group 3)
$ per galRetail (regular grade, excl. taxes), 55 cities
(1st of following mo.)
$ per gal-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. _
r Revised.
1 Less than 50,000 bbls.
- Annual total reflects revisions not distributed to the
.114
.216
.104
3.02
.117
.225
.110
monthly data.
145.7
5.7
90
363. 9
161. 1
6.2
7.7
351.2
162.7
5.5
8.1
367.4
171.0
6.1
47.3
44.4
26 1
94
3.05
94
7.6
1
8.4
152.6
381.4
160.6
7.7
398.1
154.5
10.5
47.7
40.8
25.8
60.3
56.2
28 2
80 3
56 8
26 2
3.5
36
93
35 3
7.1
60.4
49.8
24 4
49 2
45 5
25 4
48 6
41.5
27 0
3.6
3.8
4.0
11.9
24. 3
4 1
15 5
23 6
3.4
78
24 1
16 3
24 2
20 3
25 0
16.7
25.8
15.0
29.1
6
6
3
6
916 5
256 2
66 0
594.3
935 3
261.6
71 7
602.0
958.6
257.3
75.9
625.5
970 2
255.1
76.3
638.8
155 5
159.2
160.3
158.8
159.4
155 3
197.8
194.3
183.7
190.5
190.2
191.7
.120
.120
.120
.110
115
.115
.226
.230
.226
.226
.226
.229
31
33
3.3
.4
7.6
31
29
76
75
8.6
26.4
10 1
25 9
.112
.112
3
3
7.9
3
2
. 120
2
7
.6
3
7.3
9 Includes data not shown separately.
3.9
.7
.3
3
946
254
70
622
9
2
4
3
4
.225
4
.112
§ Includes nonmarketable catalyst coke.
Feb.
SURVEY OF CURRENT BUSINESS
S-36
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
1
I
1967
Jan.
Annual
March 1968
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum products— Continued
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
Stocks end of period
785.8
13.8
44
154.1
.094
70.1
2.7
.3
87.0
63.0
1.4
.4
92.8
62.7
1.3
.1
96.4
64.9
1.3
.3
113.0
67.6
.9
.4
132.6
68.3
1.1
.2
154.5
69.1
1.2
.4
176.6
69.2
1.7
.6
186.7
65.5
1.4
.5
172.8
.097
.099
.099
.099
.099
.099
.102
.102
.102
.102
.102
.102
1.47
25.4
44.3
1.6
59.1
1.65
23.2
38.3
1.4
56.6
1.50
24.2
41.1
1.6
52.9
1.45
22.8
36.5
1.3
58.6
1.45
21.6
30.8
1.7
59.8
1.45
21.6
26.6
1.6
61.2
1.45
21.5
23.1
2.0
62.7
1.45
21.1
26.5
2.6
63.7
1.45
20.9
24.2
2.8
65.5
1.45
21.7
35.4
1.9
65.0
1.45
24.5
30.9
2.5
61.4
1.45
1.45
215 5
19.4
19.4
19.4
20.0
20.7
21.5
20.4
21.9
20.2
22.7
20.4
23 .4
21.3
23.7
21.0
23.8
21.6
23.5
21.1
25.1
21.8
24.2
22.0
65.4
17.1
12.7
5.5
1.2
13.1
5.0
1.4
13.7
5.5
1.9
13.4
5.4
1.7
13.5
5.7
1.8
13.6
5.4
1.4
13.4
5.4
1.6
13.9
5.5
1.5
13.8
5.2
1.4
13.6
5.5
1.6
14.0
5.3
1.8
13.8
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
129.6
17.3
6.9
20.4
5.7
23.0
8.1
25.4
9.0
26.8
11.9
27.1
12.8
25.0
14.3
23.7
14.9
19.0
13.7
16.8
13.4
15.6
10.0
17.2
60.1
215. 1
5.5
25.4
5.1
22.0
5.8
20.1
5.5
14.9
6.2
15.2
5.7
14.5
5.6
15.2
5.6
16.6
5.8
16.8
5.5
20.9
5.3
26.0
37.7
32.5
29.9
32.6
40.7
49.6
56.6
63.1
69.0
73.2
74.4
68.6
12.9
61 2
1.62
Lubricants:
Production
do
Exports
do
Stocks end of period
do
Price, 'wholesale, bright stock (midcontinent,
f o b Tulsa)
$ per gal
.270
mil. bbl
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'
61.9
.9
.3
104.7
.100
264 0
376 8
mil. bbl
do
Asphalt:
Production
Stocks end of period
68.6
1.1
.1
131.3
.270
.270
69, 363
28, 917
40, 446
3,422
1,652
1,770
3,680
1,506
2,174
5,337
2,232
3,106
6,089
2,349
3,740
6,430
2,416
4,014
8,032
3,001
5, 031
7,960
2,965
4,996
9,257
3,621
5,636
8,174
3,309
4,864
8,027
3,423
4,604
6,336
2,753
3,583
«- 4, 181
r 1, 933
' 2, 248
4,511
1,987
2,525
554
504
880
do
do
thous sh. tons
76, 926
31, 160
45, 765
482
445
864
31
16
49
31
20
52
41
25
73
34
34
70
33
40
66
39
56
82
39
46
81
48
57
93
44
50
82
55
51
84
57
33
77
31
17
57
33
13
67
4 775
4,626
5,966
4 548
4,299
6,194
4 827
4,900
6,233
899
615
839
601
892
581
833
594
p769
617
PULP, PAPER, AND PAPER PRODUCTS
PULPWOOD AND WASTE PAPER
Pulp wood:
Receipts
C onsump ti on
Stocks end of period
Waste paper:
Consumption
Stocks end of period
Production:
thous cords (128 cu ft )
do
do
thous sh tons
do
i 56 797
56, 259
1
6, 529
54 921
55, 257
5,859
4 759
4 844
5 835
4 526
4 454
6020
p, 105
4 801
6 286
4 361
4 759
5,994
4 507
4 797
5 708
4 686
4 550
4 857
4 326
4 279
5 939
i 10 541
1
738
9 748
617
808
650
770
616
829
640
788
630
815
642
811
720
695
629
i 36 640
1
1 527
i 1 562
23
2, 748
35 487
1 447
22, 593
2,669
3 076
134
1 944
230
9 RQ7
3 065
106
1 967
233
3 133
1 849
221
3 129
139
1 981
238
1 969
'239
o 966
102
1 858
228
2 726
104
1 729
189
3 004
122
1,927
221
2 834
112
1 773
211
3 098
142
1,954
226
2 997
128
1,890
227
r 2 563
119
1,751
206
3,953
1 418
3 407
348
132
288
322
124
271
345
132
294
337
131
290
350
134
314
343
137
298
310
120
273
335
130
269
328
121
288
345
123
308
334
120
296
256
15
217
1
r
4 377 v 4, 123
4,615 p4,333
6,024 v 5, 859
WOODPULP
Dissolving and special alpha
Sulfate
Sulfite
do
do
do
do
do
do
1
3,
1
110
128
Groundwood
Defibrated or exploded
Soda semichem screenings etc
Stocks, end of period:
Total all mills
Pulp mills
Paper and board mills
Nonpaper mills
do
do
do
do
816
276
456
84
780
342
357
80
751
289
379
83
778
323
379
76
805
322
407
76
786
324
386
76
809
356
375
78
860
363
425
72
827
382
378
67
814
377
370
67
808
381
360
68
836
408
357
71
813
388
359
69
p780
P342
P357
p80
Exports all grades total
Dissolving and special alpha
All other
do
do
do
1 572
563
1,009
1 710
607
1 102
103
39
64
113
38
75
172
83
89
128
36
92
133
31
101
185
77
108
111
38
73
165
58
106
135
45
89
150
47
103
160
57
103
156
57
99
139
48
91
Imports, all grades total
Dissolving and special alpha
All other
do
do
do
3 355
293
3 065
3 162
265
2 898
287
20
267
261
19
242
297
25
273
245
20
226
269
25
245
273
21
251
236
16
221
256
27
229
249
21
228
246
22
224
290
23
267
252
26
226
269
27
242
47 189
20' 631
22' 574
153
3 831
45 898
20 310
21 859
134
3 595
3 914
1 774
1 868
12
260
3 684
1 654
1 753
11
266
4 015
1 794
1 895
13
313
3 812
1 730
1 856
11
215
3 934
1 735
1*876
12
311
3 885
1 684
1 865
12
324
3 425
1 492
1 634
9
290
3 938
1 727
1 865
11
334
3 720
1 653
1 723
'10
332
4 128
1 772
1 982
12
363
3 871 •P 3 572
1 683 p 1 612
1 862 p 1 678
Pll
11
p 271
315
46 886
46 085
4,001
3 628
3 972
3 857
3 871
3 877
3 544
3 913
3 787
4 111
3,869
3,566
101 7
115 1
97 1
101 9.
117 6
97 3
101 9
116.7
97.3
92.4
101 9
116.7
97 3
92. 4
101 9
116 7
97 3
101 9
c 118 8
97 3
101 9
117 8
97 3
Q1 7
101 9
117 8
97 3
101 9
117 8
97 3
101 9
117 8
97 3
101 9
117 8
97 3
Q1 5
Q1 R
101 9
117 8
97.3
01.4
101 9
117 8
97.3
92.0
101 9
117.8
97.3
92.1
794
1, 658
!3 351
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census) :
All grades total unadjusted thous sh tons
Paper
do
Paperboard
do
Wet-machine board
do
Construction paper and board
do
New orders (American Paper Institute) :
All grades, paper and board
do
Wholesale price indexes:
Printin0" paper
1957 59 100
Book paper, A grade
do
Paperboard
do
Building Daner and board
r
dn
Q9. 8
Revised.
p Preliminary.
c Corrected.
Reported annual total; revisions not allocated to the months.
01 Q
Q? 3
92 2
r
Q1 3
Q9 1
Feb.
SURVEY OF CURRENT BUSINESS
March 1968
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1967
Annual
S-37
1967
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Selected types of paper (API):
Fine paper:
Orders new
thous sh tons
Orders unfilled end of period
do
2 2, 639
2 154
230
164
215
158
238
157
237
174
231
174
222
177
201
178
232
168
r 198
r
148
226
154
217
147
2202
2154
2 641
2, 633
p 2, 654
v 2, 652
237
231
222
223
237
236
230
230
229
231
216
211
194
196
236
243
'213
r 213
231
229
221
220
2198
2199
do
do
6,711
553
v 6, 313
2426
581
572
494
496
561
496
554
513
532
467
569
526
500
509
514
462
'514
468
532
478
488
430
2482
2 426
do
do
Production
Shipments
2 637
159
6,511
r 6 5H
p 6, 310
p 6 520
558
558
518
518
565
565
536
536
546
546
544
544
488
488
526
526
512
512
526
526
519
519
2482
?482
do
do
Printing paper:
Orders, new
Orders unfilled end of period
Production
Shipments
Coarse paper:
Orders new
Orders unfilled end of period
r
do
do
P 4 671
p 210
392
212
393
225
499
923
392
213
367
190
387
199
330
195
418
218
'363
'223
390
220
408
226
^404
2 210
4 696
4 704
P 4 748
2 4 678
400
397
392
376
429
436
400
389
398
385
383
387
315
316
412
408
r
400
'379
411
398
410
405
2393
2396
do
do
do
8 419
8 385
8,051
7 968
184
268
698
612
270
659
609
327
6Q5
653
369
670
692
348
704
741
311
652
713
250
668
592
326
705
665
365
641
660
346
681
704
323
675
687
311
602
646
268
641
583
325
do
do
do
Newsprint:
Canada:
Production
Shipments from mills
Stocks at mills, end of period
United States:
Production
Shipments from mills
Stocks at mills §
..
200
do
do
Production
Shipments
4 723
2 408
2 405
2 620
2 602
21
39
227
209
39
212
199
51
225
225
51
223
221
54
227
249
32
222
228
27
197
191
33
225
212
46
209
211
44
228
226
47
222
228
41
204
206
39
238
223
55
6 898
6 907
542
511
585
609
616
568
522
544
568
634
622
587
518
681
630
682
672
676
654
676
711
727
726
707
698
673
630
617
537
Consumption by publisherscf
do
Stocks at and in transit to publishers, end of
period
thous sh tons
Imports
do
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
$ per sh ton
Paperboard (American Paper Institute) :
Orders, new (weekly avg.)
thous sh tons
Orders, unfilled §
do
Production, total (weekly avg.)
. _do
Percent of activity (based on 6.5-day week)
.
6 991
6 599
563
500
549
528
614
601
527
542
528
575
541
531
136 23
139 95
138 40
138 40
138 40
138 40
138 40
1^9 00
141 40
141. 40
141. 40
141.40
141. 40
141 40
449
724
444
618
444
456
748
404
451
720
455
450
705
453
459
695
452
448
690
452
446
614
460
393
654
377
454
645
454
88
91
92
91
90
88
89
73
90
448
702
419
84
476
759
468
91
466
767
470
90
405
648
438
81
446
686
410
88
13, 432
' 446
92
Paper products:
Shipping containers, corrugated and solid fiber,
shipments
mil sq ft surf area
160 152
161 610
12 298
12 098
14 056
12 747
13 999
13 923
11 630
14, 336
14, 227
15, 045
13, 940
12, 971
Folding paper boxes, shipments, index of physical
volume
1947-49 —100
134 1
•P 134 i
124 6
122 4
141 7
128 6
136 5
141. 6
118 5
142.0
137.4
143. 8
139.7
497
735
487
91
2 132. 5
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption
thous Ig tons
Stocks, end of period
do
Imports, incl. latex and guayule
do
Price, wholesale, smoked sheets (N. ¥.)__$ per lb._
Synthetic rubber:
Production..
Consumption
Stocks, end of period. _
thous Ig tons
do
do
Exports (Bu. of Census)
Reclaimed rubber:
Production _ . .__
Consumption
Stocks, end of period
554 13
82 87
431 66
498 11
112 99
459 go
45 25
95 03
39 37
42 68
98 07
33 06
48 11
104 98
51 75
38 56
107 68
33 58
30 12
116 76
36 61
29 43
116 84
24 13
24 08
126 95
23 27
50 02
125 83
43 57
47 47
118 43
33 55
51 74
110 25
35 46
.236
.199
.219
.208
.206
.208
.208
.220
.206
.193
.179
.188
150 12
133 78
347 55
164 60
146 32
345 57
154 98
197 30
353 99
138 41
108 95
355 0°
139 09
105 15
355 75
137 92
85 58
383 04
155 68
155 96
355. 30
167 69
152 92
349. 60
178. 74
169 76
335. 43
182 00
154 75
347 00
43 78
112 99
48 22
49 35
108 44
46. 88
.175
.173
185. 12
143. 67
369. 65
178.86
163. 39
361. 46
23.02
24.35
23.85
22 83
28.48
23.72
22 43
28.67
.179
1 969 97 1 911 87 164 54
1 666 06 1 629 60 146 33
348 69 369 65 352 28
r
46 87
109 43
50 23
r
do
308 44
299 80
26 26
25 24
25 07
22 81
27 40
26 56
23 73
24 57
26 11
24.08
24.94
do
do
do
277 36
264 51
32 29
243 05
240 57
28 48
22 21
21 66
31 00
20 73
20 33
30 82
23 32
21 58
32 38
17 98
19 55
30 12
14 06
15 57
9g 07
14 45
15 13
26 39
11 92
11 77
25 21
23.51
23 97
24 88
22 48
21 22
25 20
25 40
25 45
24 90
23.13
21 38
27 21
177 169 163 19?
15 058
14 147
15 070
12 424
8 734
8 748
6 919
15 744
16 162
18 278
16 244
15 664
464 172 947
680 47 617
348 123 205
2 125
436
13 166
4 143
8 845
11 353
3 234
7 898
14 434
4 455
9 782
16 299
4 330
11 788
16 °65
4 835
11 ?93
16 201
4 695
11 401
178
222
198
181
137
105
19 469
o 195
10 939
105
13 818
2 673
10 971
174
15 670
3 693
11 757
219
16, 695
4 098
12 368
230
13,611
4 308
9 132
171
12, 972
5 008
7 760
204
37 088
99 883
.164
r
TIRES AND TUBES
Pneumatic casings, automotive:
Production _ _ _ _
thous
Shipments, total
Original equipment
Replacement equipment
Export
._
do
do
do
do
Stocks, end of period
Exports (Bu. of Census)
do
do
42 569
2 051
34 782
1 450
44 678
Inner tubes, automotive:
Production.
Shipments. __
Stocks , en d of period
Exports (Bu. of Census)
do
do
do
do
42 765
44 222
11*996
1 100
39 775
41 691
11 005
3 496
4 630
lo' 846
3 385
3 312
10 947
3 809
3 769
10 929
849
68
55
101
173
54
116
2
123
r
Revised.
p Preliminary.
c? As reported by publishers accounting for about 75 percent of total newsprint consumption.
107
'101
24 381
80
26 466
106
27 114
122
28 920
106
31 674
166
34 782
121
76
3 103
3 531
10 631
2 696
3 546
9 888
108
65
2 871
3 412
9 337
71
2 145
3 053
8 599
56
3 516
3 361
8 937
45
3 634
3 202
9 574
76
4 067
3 741
10 033
72
3 816
3 191
10 508
63
3 314
3 026
11 005
69
63
47 594 48 273 44 410
' 115
' 156
147
§ Monthly data are averages for the 4-week period ending on Saturday nearest the end of the
month; annual data are as of Dec. 31.
SURVEY OF CURRENT BUSINESS
S-38
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
Annual
March 1968
1967
Jan.
Feb.
Mar.
Apr.
May
June
1968
July
Aug.
Sept.
Oct.
Nov.
Dec.
30, 604
21, 305
Jan.
Feb.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Shipments, finished cement
_thous. bbl
380,694
374,213
18 457
17, 066
24, 758
27 940
34 765
37 909
37 527
44 632
39, 148
40, 000
7,606 2 7, 088. 5
267. 4
234. 5
1 610 3 1, 570 8
410 6
18 1
g9 9
369 8
21 0
72 i
555 5
24.4
124 0
605 9
91 8
119 3
651 9
19 7
140 2
689 0
21 1
641 9
19 5
156 1
720 8
21 0
177 3
665 8
17 6
161 9
700.8
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil. standard brick
Structural tile, except facing. ___thous. sh. tons
Sewer pipe and fittings, vitrified. _
do
Facing tile (hollow) , glazed and unglazed
mil. brick equivalent
Floor and wall tile and accessories, glazed and unglazed
__
mil. sq.ft
Price index, brick (common), f.o.b. plant or
N.Y. dock_ .
1957-59=100
1 Kp.
0
r
19.0
163 4
T
r
613. 2
17. 1
126 7
463.2
18.4
14.3
90.9
308.1
240. 2
92 0
15 3
19 2
19 9
92 4
21 8
19 5
20 7
18 6
21.8
20.7
272.7
257. 6
18 9
19 1
2? 9
20 8
22 9
24 7
20 1
24 ?
22 6
21 6
21 3
18.5
111 5
113 3
119 4
112 9
112 9
112 9
113 1
1 -i o -I
113 5
113 5
113 7
113 7
113 9
114.9
thous. $
343,138
332, 067
76, 791
do
do
136, 785
206, 353
131, 567
200 500
28, 388
48 403
211 764
225 579
17 119
16 85?
18 040
IQ 185
204 093
228 766
15 271
15 010
18 485
17 458
21 605
23 631
1 448
1 651
2 056
1 804
59 168
57 852
4 329
4 079
4 432
4 0?3
27 098
38 895
17 608
38 185
44 501
19 459
1 918
2 631
1 291
2 763
3*885
1 682
9 79(3
3*890
l' 495
3 074
453
71
9 883
33 223
31 679
GLASS AND GLASS PRODUCTS
Flat glass, mfrs.' shipments...
Sheet (window) glass, shipments
Plate and other flat glass, shipments __
Glass containers:
Production..
thous gross
Shipments, domestic, total.do
General-use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
jelly glasses, and fruit jars)
thous gross
Beverage ..
Beer bottles.
Liquor and wine
do
do
do
.
1 852
2 692
1 338
76 644
r84,901
93, 731
29 862
35, 622
' 49, 279
37, 695
56, 036
AO
709
19 170
19 ?54
18 873
°0 199
1 818
4 222
3 304
4 329
1 602
19 499
19, 073
20 620
21 123
25, 647
25, 451
2 251
1 700
2,204
2,260
5 361
4 893
5 521
5 633
6,887
6 579
3 440
4 048
1 479
2 628
3 511
1 598
2 963
3 209
1 915
3 728
3 559
2 137
5 108
4,153
2,198
3 694
5 040
3 362
3 768
510
88
4,386
600
111
4,898
608
96
29 394
22 546
17 598
19 147
20 089
17 938
20 213
17 540
20 410
19 074
19 746
1 609
2 275
2 906
1 909
4 400
4 072
4 301
4 5^6
1 588
3 384
4 068
1 136
r
do
do
do
38 516
5 664
958
3 093
442
77
2 865
497
78
3 069
'505
93
30 084
22 546
31 500
32 964
31 943
33 580
5, 479
9 647
4 722
9 406
737
2 033
2,236
2,742
do
8,434
7 685
1 793
1,824
2,320
1,748
4 693
322
4 554
295
757
78
1,277
1 331
1,189
72
70
680
899
560
815
947
135
183
148
202
161
240
116
190
219
1 596
49
220
315
1 576
2 284
2,276
2,395
do
do
Stocks, end of period
39 766
5 812
1* 141
9 959
495
66
do
Medicinal and toilet
Chemical, household and industrial
Dairy products
2 809
3 255
2 993
481
71
459
86
33 675
32 736
31 201
399
63
448
74
r
445
80
31 515
r
GYPSUM AND PRODUCTS (QTRLY)
Crude gypsum, total:
Imports
_ _ __ _ .
Production
thous. sh.tons__
do
Calcined, production, total
_
Gypsum products sold or used, total:
Uncalcined uses
Industrial uses.
Building uses:
Plasters:
Base-coat _ _ _
Allother (incl. Keene's cement)
Lath
Wallboard
All other.
do
.do_._
mil. sq.ft
do
do
_
1 079
7 084
228
6 993
247
1,171
1,372
1,442
74.
64
193
1,537
60
74
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics (gray goods), weaving mills:
Production, total 9
_ mil. linear yd
Cotton
. .
do
Manmade
fiber
do
Stocks, total, end of period 9
Cotton.
Manmade fiber __ _ _ _ ._
tf
Orders, unfilled, total, end of period 9 f
Cotton. _,
Manmade
fiber
940
667
254
953
673
1 1 158
i g23
i 319
956
674
262
do
do
do
1 306
766
521
1 333
785
528
1 311
786
505
1 307
782
504
1 323
806
497
do
do
do
3 229
2 408
746
3 209
2 423
718
3 059
2 251
' 737
3 046
2 290
686
2 801
2 020
' 708
269
918 1 1 151
i 781
631
!
350
270
971
656
299
1 390
865
511
1 357
845
498
2 864
1 928
' 865
257
12 689
8 866
3 571
569
1 1 167
i 809
i 334
715
477
222
1 364
835
512
1 396
859
597
1 404
860
593
2 693
1 866
749
9 562
1 753
735
2 622
1 748
799
959
670
269
969
649
'306
353
1 338
849
475
1,330
850
466
466
2 835
1 882
881
2 957
1 941
944
3 202
2 099
r
1 021
632
1,013
3,289
6,327
721
i 850
744
720
r
1 046
COTTON
Cotton (exclusive of linters) :
Production:
GinningsA
thous. running bales
Crop estimate, equivalent 500-lb. bales
„
thous. bales
Consumption. _
_
do
Stocks in the United States, total, end of period
thous bales
Domestic cotton, total
do
On farms and in transit
do
Public storage and compresses
do
Consuming establishments
do
Foreign cotton , total
do
3
9,562
4
9 533
9 562
9,575
9 647
9 215
20 265 r 14 580
20 186 r 14 489
1 121
1 526
17 639 r 11 369
1 426 r 1 59J.
rQI
79
770
19 047
18 968
1 076
16 262
i 90Q
749
17 848
17 770
'954
14 949
1*630' 1 874
7Q
78
16 548
16 479
713
13 779
1 987
^Revised.
i Data cover 5 weeks; other months, 4 weeks.
-'Giimings to Dec, 13.
• (.innings to Jan. 16
4 Crop for the year 1966.
s nec. 1 estimate of 1967 crop.
9 Includes data not shown separately.
n^-??S ^T1!16^ b7 weavi,nS mills an<l Billed and held for others) exclude bedsheeting,
oweling, and blanketing, and billed and held stocks of denims.
RQ
748
733
i 889
r
2
6, 931 3 7, 265
s 7, 618
»• J 825
r
!4 580
r
*878
13 301
15 715
15 624 !4 489 13, 217
1,413
2 564 r 1,526
11,
11, 613 r 369 10, 049
1 447 l 594 1, 755
84
K9
91
'91
If Unfilled orders cover wool apparel (including polyester-wool) finished fabrics; production
and stocks exclude figures for such finished fabrics. Orders also exclude bedsheeting, toweling,
and blanketing.
ATotal ginnings to end of month indicated, except as noted.
15 516
15 455
801
19 664
1 990
fii
14 378
14 326
671
11 690
1 965
13 196 !2 533 19 400
13 140 19 375 19 342
r 400
7 9^6
' 472
9 802
10 818 10 318
1 850 l' 757 1 614
RR
58
5S
18 235
18 171
7 459
9 157
1 555
64
17 088
17 004
5' 808
9 790
1 406
84
SURVEY OF CURRENT BUSINESS
March 1 6
98
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1966
1967
1968
1967
Jan.
Annual
S-39
Feb.
Mar.
May
Apr.
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
TEXTILE PRODUCTS—Continued
COTTON— Continued
Cotton (exclusive of linters)— Continued
Exports
-thous. bales
Imports
do
Price (farm), American upland
cents per Ib
Price, middling V , avg. 14 markets \
do
Cotton linters:
Consumption
thous bales
Production
do
Stocks end of period
do
COTTON MANUFACTURES
Spindle activity (cotton system spindles):
Active spindles last working day total
Consuming 100 percent cotton
Spindle hours operated, all fibers, total
Average per working day
Consuming 100 percent cotton
mil
do
bil__
do
do
Cotton yarn, price, 36/2, combed, knitting, natural
stock
$ per Ib
Cotton cloth:
Cotton broadwoven goods over 12" in width:
Production (otrly )
mil lin yd
Orders, unfilled, end of period, as compared with
458
7
458
5
401
5
288
3
416
19
299
3
228
4
244
20
19 8
22 0
20 2
22 0
20 4
22 1
r 20 4
92 9
19.7
22.2
20.3
22.4
20.9
22.6
22.0
22.8
725
977
617
91
152
778
89
111
810
113
898
94
65
831
87
37
' 695
70
26
637
79
40
595
19 5
15.1
132.1
509
102.4
20 0
14.4
126.2
486
94.4
19 8
15 3
10.1
503
78
19 8
15 3
10.0
499
7 8
19 8
15.3
11.9
.477
2
9.3
20 0
15 3
10.0
501
7 7
19 7
15 0
9.9
496
19 6
14 8
12.3
491
19 8
14.9
8.1
.403
20 0
14.9
9.8
491
2 Q S
6.0
949
942
951
945
940
934
93?
927
920
3,597
100
1,366
1,419
18 4
4 5
Ratio of stocks to unfilled orders _(at cotton
2
52
16 1
4 3
14 9
14 5
4 2
4 4
2
298
17
22.4
26.2
97
33
546
84
92
538
81
146
595
298
122
'617
297
123
626
20.1
14.7
10.3
.513
20.1
14. 5
10.2
.511
7.2
20 0
14.7
12. 0
.481
28.8
7.3
'20.0
'14.4
'211.6
'.465
'28.3
920
.925
.927
.960
1.026
13.3
14.5
15.4
5.0
5.0
5.2
.35
2
2
7.4
2
19.9
25.4
20.0
14.2
12.6
.504
28.9
1,891
17 2
13 7
13 5
5.1
5.1
13 7
1° 7
4 5
4 7
40
.41
36
.37
.38
.34
5 1
474
10
27.6
27.0
2 131
19 3
331
10
30.5
25.0
7.1
35
26
29
32
33
4 41. 95
4 95. 74
4 63. 28
37. 75
75.60
60.48
40.69
79.75
55.64
40.54
78.97
52.69
40.42
78.52
51.28
40.09
77.62
51.18
39.59
76. 06
49. 47
38.33
75.43
43.03
37.90
71.79
43.15
37.23
73.46
49.20
36.64
73.66
55.72
35.75
72.52
s 84. 03
33.43
68.50
90.55
32.36
80.98
99.86
18 7
18 0
17 8
? 18 4
17 3
18 4
18 4
18.4
16.0
18.3
16.3
18.3
16.3
18.3
16.5
18.5
17.0
19.0
18 4
3, 980. 6
734 7
603 4
1 213 9
1 119 8
308.8
' 931. 7
172 2
137 0
' 300 3
224.5
'76.3
!
' 962. 0
175.3
129.4
' 296. 2
286.1
' 75. 0
33.72
83.82
111.10
35.36
86.41
73.54
1, 149. 2
205.9
181.7
' 283 1
264 3
r 75 i
' 937. 7
181.3
155 3
334.3
344.9
82.4
7^9
599
571
570
e 88 831
78 293
28 194
6
149, 672
8 069
6,514
2,237
9,563
8 101
7 034
3,357
13, 600
7 453
6,314
1,908
14, 488
7 492
6 290
1,574
10, 674
6 685
7,599
1, 666
9, 465
6 147
7 735
1 894
10 776
5 806
6,062
1,532
13, 846
6 442
7,426
2,178
13,395
6,693
5,974
2,305
11,982
9,368
5, 071
2,535
14,314
7,865
6,363
3,942
14, 029
8, 782
5, 910
3,065
14,972
mil Ib
do
67 3
70 1
51 7
43 8
70 2
74 5
68 6
80 1
63 3
82.8
60 9
80 8
61 7
78.4
60 1
77 i
64.4
75.5
59.7
62.4
58.4
55.5
58.5
49.5
53.0
44.9
do
do
do
150 2
129 8
42 5
138.7
142 4
40 4
r 164 1
169. 1
129.7
163.0
128.4
' 155. 9
132.1
'43.4
' 147. 6
129.9
143.2
131.6
138.7
142.4
40.4
62
81
.62
.81
.62
.81
.62
.81
8,155
6,077
4,978
22, 598
51.7
43.8
.60
.81
do
do
do
98
55
16
177
66
81
1 52
' 164. 6
122.0
'47.0
72
81
1 54
1 54
72
81
68
81
1 53
1 53
1 53
ac
Q-f
1 55
1 54
1.53
1 040 9
402.0
187 9
80 6
457 5
486 1
154.4
284 9
99.3
2
22. 1
'26.8
17.6
18.5
$ per lb__
do
do
1. 349
1.171
1.259
1. 215
.910
1 153
1.288
1.050
1.188
1.225
.975
1.175
1.213
.945
1. 175
108 2
92 6
100.7
100 1
98 2
16.5
7.0
13.1
4.2
5.7
15.4
18.1
13.9
15.0
5.6
2 223 3
6.9
15 8
6 3
6.9
7.3
1.175
.918
1.125
1.175
.895
1.125
1.235
.975
1 175
1.245
.938
1.175
1.237
.895
1.165
91 0
91 6
91 9
92 5
90.0
18.6
6.6
13.9
3.2
19 0
7.1
13 9
m9 7
109 7
109 7
r
2
3
Revised.
i Season average.
For 5 weeks, other months, 4 weeks.
For month
shown.
4 Average for Aug.-Dec.
s Comparable margins for Sept. 1967, 78.50 cents; see
7
note "*."
G Revised total; revisions not distributed by months.
For ten months.
IFBeginning Sept. 1967, average of 14 markets.
*New series. Beginning Aug. 1966, mill margins refer to weighted averages of 71 types of
4.6
7.0
17.5 ' 2 20. 2
6.8
29.1
16.9
19.0
101.5
101 5
101.5
220.8
28.5
17.7
13.9
1.225
.838
1.125
90.0
7.2
7.3
8.7
1.225
.825
1.125
1.177
.825
1.125
1.165
.835
1.162
89.4
88.2
101.5
101.5
101.8
100. 5
22.8
2
8.9
87.8
101.8
2
9.3
100.5
6.6
1.165
.825
1.175
1.165
.825
1. 175
57.0 _ _ _ _ _ _ _ _
'52.7
65.9
61.8
264.9
im 7
16.7
99.5
228 7
83.9
187 3
78 2
6.1
1 41
135.3
278.6
102.3
18.4
1 53
1.46
471.7
151 8
259 5
7.1
.62
.81
1, 000. 8
377.6
172.0
77.0
1 020 4
407 7
194 3
81 3
266 6
103.6
277.2
114.6
109 7
120 9
r 47 1
72
81
72
81
mil Ib
do
do
do
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, American
system wholesale price
1957 59—100
Wool broadwoven goods, exc. felts:
Production (qtrly.)
mil. lin. yd__
Price (wholesale), suiting, flannel, men's and
bovs'. f.n.b mill
1QK7 so — inn
104
40
' 766
2,221
15 4
2
275
25
27.3
23.4
25
Prices, mamnade fibers, f.o.b. producing plant:
Staple" Polyester 1 5 denier
$ per Ib
80
Yarn* Rayon (viscose) 150 denier
do
80
Acrylic (spun) knitting 9/203 6D* do
1 58
Manmade fiber and silk broadwoven fabrics:
r 4 934 1
Production (otrly ) total 9
mil lin vd
Filampnt yarn (100%) fabrics 9
do
'i'612 5
Chiefly rayon and/or acetate fabrics
do
735 0
r 335 4
Chieflv nylon fabrics
do
Spun yarn (100%) fabrics (except blanketing) 9 r
l 907 7
mil lin yd
Rayon and/or acetate fabrics and blends
do
r 623 6
Polyester blends with cotton
do
1 051 9
Filament and spun yarn fabrics (combinations
479 4
and mixtures)
do
WOOL
Wool consumption, mill (clean basis):
Apparel class
Carpet class _
Wool imports, clean yield
Duty-free (carpet class)
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory,
fine
Graded fleece, % blood
Australian, 64s, 70s, good topmaking
1 080
277
52
21.3
23.2
37
MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. total
mil. lb__ 3, 860. 1
799 8
Filament yarn (rayon and acetate)
do
Staple incl tow (rayon)
do
659 2
Noncellulosic, except textile glass:
1 164 7
Staple incl tow
do
904 0
Textile glass
fiber
do
332 4
Staple tow and tops
Imports* Yarns and monofilaments
Staple, tow, and tops
Stocks, producers', end of period:
Filament yarn (rayon and acetate)
Staple incl tow (rayon)
Noncellulosic fiber, except textile glass:
Yarn and monofilaments
Staple incl tow
Textile glass
fiber
169
8 840
Inventories, end of period, as compared with
Mill margins:*
Carded yarn cloth average
cents per lb__
Combed yarn cloth average
do
Blends (65% polyester-35% cotton)
_do__
P rices, wholesale:
Print cloth 39 inch 68 x 72 cents per yard
Sheeting class B 40-inch 48 x 44-48
do
3,973
i 20 6
i 22.1
unfinished carded yarn cloths and to simple averages of 8 combed yarn cloths and 4 polyester
cotton blends (Oct. 1967-Jan. 1968, 5 blends); no comparable data prior to Aug. 1966 are
available. Spun yam price (BLS) available beginning Jan. 1965.
9 Includes data not shown separately.
March 1968
SURVEY OF CURRENT BUSINESS
S-40
1966
Unless otherwise stated, statistics through 1966
and descriptive notes are shown in the 1967
edition of BUSINESS STATISTICS
1968
1967
1967
Annual
Jan.
Feb.
Mar.
Apr.
May
July
June
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
16, 671
Feb.
TEXTILE PRODUCTS—Continued
APPAREL
thous. doz pairs
210 425
223 460
18 323
19 296
19 234
17 856
18 990
19 879
16 020
19 959
18 924
20 199
19 870
15 368
thous units
do
20 715
3 799
18 898
3 812
1 462
226
1 537
227
1 724
331
1 532
365
1 538
390
1 726
395
880
278
1 639
361
1 649
290
1 774
345
1 840
335
1 597
269
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
13 148
145 673
12 660
133 754
1 103
11 038
1 055
10 994
1 176
12 322
1 090
10 571
1 115
11 ?09
1 084
12 019
623
8 923
1 039
12 219
1 104
11 337
1 116 1 159
11 624 11 594
996
9 911
27, 827
26, 005
2,382
2,477
2 469
2 129
2 070
2 061
1,504
2,255
2,087
2,417
2,288
1,866
5,909
4 096
7 073
3 776
531
325
552
348
648
372
596
314
636
341
669
331
441
232
606
324
709
303
642
308
490
307
553
271
24 595
271, 107
10, 375
21 310
283 294
8 389
2 075
22 29^
984
1 918
24 592
872
923
1 259
3o' 453 27 523
' 823
554
1 419
95 359
543
1 759
1 776
23 693 19 256
592
' 702
2 215
25 311
715
2 090
20' 956
547
2 177 r2 148
22 882 '•22,119
''728
698
1,551
18, 858
631
17 053
10 225
14 064
8 580
r I 151
1 205
710
961
801
1 218
784
1 145
'687
r
1 356 1,152
r
754
578
867
396
Hosiery, 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
756
1 350
792
1 271
790
1 209
724
1 179
808
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), qtrly. total
mil. $
U.S. Government.- _ _
do
Prime contract. _
do
Sales (net), receipts, or billings, qtrly. total _do-U.S. Government—. _ _ _
do
27 223
16 351
24 219
20, 227
14 530
5 193
3 613
4 586
5 171
3 717
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 $
27 547
15,711
14, 655
3,824
30 754
15 975
17 446
3 861
4,510
2 492
Aircraft (complete):
Shipments ©
.. ..
Airframe weight ©
Exports
964
142
508
957
30 062
16 834
15, 748
4,487
4 740
4 833
5 142
2 668
r
do
thous Ib
mil $
6,821
4,686
6 166
5, 730
4 004
7 438
4 727
6 864
5,925
4 076
2 578
2 618
28
16
15
3
342.9
' 6, 645 6,079
127.5
95.3
135 0
3 593
42 9
141 2
3 016
53 3
261 8
5 134
78 7
224 9
4 329
62 3
262 0
4 984
55 2
259 8
4 803
71 9
220. 9
4 133
52 4
281 5
4 920
46 3
243 2
4 531
85 6
273.2
5 239
48.7
296.6
5,367
95.2
r 381. 2
797.3
758.1
651.2
625 0
146.1
133 1
660.2
628 1
525.6
501 9
134 6
126 2
833.4
785 1
684 1
647 4
149 3
137 7
792.2
749 4
659.8
628 3
132 4
121 1
898. 3
848 7
750 3
713 4
148 0
135 3
911.7
865 2
765 3
732 3
146 4
133 0
530.8
506.3
425.5
410.6
105.3
95.6
324.2
300.8
231.6
218.3
92.6
82 5
710.5
670.3
601.0
570 6
109. 5
99 7
751.9
706.9
645.4
608.8
106. 5
98.1
807.7
761.8
683.0
645. 2
124.7
116.5
957.8
903.9
813.9
768.5
144.0
135.4
937.5 2 867. 9
889.3 2
787.0
715. 6
747.2
150.4 2 152. 3
142.1
58
08
24
00
99
21 96
89
7 08
46
88
14 19
84
6 57
51
1 09
31 41
96
1 14
26 69
81
7 75
57
1 19
25 85
1 33
9 09
57
1 19
15 81
1 13
8 94.
58
1 18
13 32
92
8 87
.37
.76
10 69
93
5 80
56
88
21 56
74
5 27
62
96
25 76
1.02
5 09
.47
.45
26.74
.69
5 16
.42
.76
37 13
.80
6 15
.34
.52
35.09
.72
5.99
.55
.71
3 913 21 1 020 62
5 75
4 99
42.96
75 07
102 30
21
6.70
79 52
33
5 49
88 46
31
7 28
66 97
21
6 06
80 66
45
7 42
94 46
95
9 43
85 06
32
7.44
44 98
28
2 59
68 97
43
5 58
98 07
.48
5.07
100. 48
.91
3.13
110 67
.82
8.88
145. 98
.42
9.23
96 539 r 8, 085
r
5 275
59' 147
8 322
5 253
7 990
4 829
8 820
5 376
7 483
3? 999
6,492
3,684
7,485
4 336
7,871
4 619
8,787
5,549
1 658
3 431
() OQO
9 997
2 866
2 784
1 869
1 787
7, 884 r 7, 209
5,161 >• 4, 757
2 326 T i 447
7,858
5,028
1 827
10 111
6 309
2 077
2 087. 0 2 981 5
43 983 r 56 694
553 7
786 5
MOTOR VEHICLES
Factory sales, total
Domestic
Passenger cars, total
Domestic _
Trucks and buses, total
Domestic. _
thous__
do
do
do
do
do
10, 329. 5
9, 943. 5
8,598.3
8, 336. 9
1, 731. 1
1 606.6
Exports:
Passenger cars (new), assembled
do
Passenger cars (used)
do
Trucks and buses (new) assembled
do
Trucks and buses (used)
do
Truck and bus bodies for assembly
do
Imports:
Passenger cars (new) complete units
do
Passenger cars (used)
do
Trucks and buses, complete units
do
Shipments, truck trailers:
Complete trailers and chassis
number
Vans
do
Trailer bodies and chassis (detachable), sold
separately
number
Registrations (new vehicles): O
Passenger cars
Foreign cars_
Trucks (commercial cars)
thous
do
do
177 58
12 72
78 64
6.79
10.70
113, 493
75 527
18 402
2
8, 976. 2
8 484 6
7, 436. 8
7 070 2
1 539 5
1 414 4
280
11
82
6
10
27 497
7 ^4
53
i>793 5 & 742 8 *> 716 2
666 7 & 65.4 *>83.9
b 139 5 6 130 7 b 141 i
*> 543 5 & 696. 4
& 67.6 & 72. 3
b 119 2 b 115 7
6
2, 063
632. 5 b 724. 7 «647.8
& 63.1 & 65.8 «61.2
106. 2 * 120. 4 « 117. 6
9 008 5 2 g 361 9
2 658. 1 2 ygo 6
1 610 4 2 i 518 9
616 1
46.4
113 2
538 9
45 2
108 9
670 8
57 5
132 2
786 1 a 807 4
63 3 a 70 C
144 6 a 139 o
number
do
do
90 349
67 944
29 405
7 217
5 929
1 288
8 101
6 048
o 053
9 1 ^fi
7 054
^ 102
8 311
6 466
1 845
G
64 779
18 3^0
5 094
1 250
7 049
1 40Q
5 686
4 776
910
6 916
5 779
1 137
6 262
4 344
1 918
5 122
3,958
1 164
5 487
3,991
1 496
4,713
3,871
842
New orders. .
Equipment manufacturers, total
Railroad shops, domestic
do
do
do
r 99 833
73, 190
26 683
54 189
38 654
15 515
2,055
1,743
312
3 358
2 908
450
5 028
3 824
1 204
1 728
1, 444
284
4 169
3 244
925
7 294
6 757
537
2 365
2, 140
225
6 347
2 338
4 009
4, 609 r 2, 378 r 6, 209
2,352 r 3, 365
3,949
2 844
r 26
660
r 8, 590
4,939
4,767
3,637
1,130
Unfilled orders, end of period
Equipment manufacturers, total
Railroad shops, domestic
do
do
do
56 618
40 426
16 192
24 917
14 276
10 641
51, 450
38 943
12, 507
46 197
35 293
10 904
42 055
32 049
10 006
34 960
26 515
8 445
32 493
24 373
8 120
30 730
23 007
7 723
27 063
90 361
6 709
26 483
16 712
9 771
24, 819
16 306
8 513
21,082
14 311
6 771
21,828
13 730
8,098
24, 917
14, 276
10, 641
24, 893
14,024
10, 869
1 497
4 8
1 482
5i
1,496
50
1 498
51
1 498
50
1 499
51
1 496
*5 2
1 498
52
1 497
55
1 496
55
1 496
54
1,493
53
1,492
5.2
1, 482
5.1
1,480
5.3
Q1
KQ
no -i c
Q9 9*5
99 cl
61.60
61.72
Q9 fin
61.87
Qfl
61.42
99
62.85
91 72
6L31
Q1 QQ
61.19
93 01
62.14
93 30
62! 36
93 50
62^46
93 54
62! 64
93 60
62. 74
93 16
62*. 85
93 71
63.33
2
b
RAILROAD EQUIPMENT
Freight cars (ARCI):
Shipments
Equipment manufacturers total
Railroad shops domestic
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
Average per car _ _ _
tons
00
flQQ
r
2
Revised.
i Preliminary estimate of production.
Annual total includes revisions not
distributed by months.
3 Revised to reflect Jan.-Apr. imports from Canada of new and
used cars and other motor vehicles not specifically identified; beginning May 1966, data refer
to total imports (incl. those from Canada) of new, on-the-highway, four-wheeled passenger
automobiles. Revised Jan.-Apr. 1966 data (thous.): 77.9; 73.0; 93.7; 59.0.
"Omits data for
OAA
62.04
6 039
4 291
1 748
r 4, 551
two States.
&Omits data for one State.
9 Total includes backlog for nonrelated products and services and basic research.
©Data include military-type planes shipped to foreign governments.
©Courtesy of R. L. Polk & Co.; republication prohibited.
§Excludes railroad-owned private refrigerator cars and private line cars.
TO
SECTIONS
General:
Business indicators..,,.,...,,,,
....... 1-7
Commodity prices. , . • , . . . « , . . . , , , . . . . .
7-9
Construction and real estate
, . . , , . , . 9,10
Domestic trade,,,.,..,,
.,.,
10-12
Labor force, employment, and earnings
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.
24,25
» . , * » * 25,26
26-30
30
Lumber and products.
,,
31
Metals and manufactures.,
» , . . . . , . . . . . 31-34
Petroleum, coal, and products,,,«.
— » 34,36
Pulp, paper, and paper products..,..;.,,,..,. 36,37
Rubber and rubber products,,
Stone, clay, and glass products
Textile products
Transportation equipment
».,,
37
38
38-40
40
INDIVIDUAL SEBIES
Advertising.
,
10,11,16
Aerospace vehicles.
«.».»..........
40
Agricultural loans. . , • . , , , . . • , »
16
Air carrier operations *
\..
;.
23
Aircraft and parts.
\
. 4,6,7,40
Alcohol, denatured and ethyl...«„
25
Alcoholic beverages.
,
,
11» 26
Aluminum,
,,
/,
33
Apparel,,
,•
; 1,3,4,8,9,11-15,40
Asphalt and tar products
.'
35,36
Automobiles, etc........... 1,3-9,11,12,19,22,23,40
Balance of international payments,....,,,
2,3
Banking
. . . , , . , . . . . , , , , , . , , , . . . . » , . 16,17
Barley.
....
27
Battery shipments
34
Beef and veal
,
;
28
Beverages...,
, . . , 4,8,11,22,23,26
Blast furnaces, steel works, etc
5-7
Bonds, outstanding, issued, prices, sales, yields,... 18-20
Brass and bronze
.»,.„,,,.',....,,,,
33
Brick.
38
Broker's balances.
,
20
Building and construction materials
7-8,
10,31,36,38
Building costs..
,.,;
10
Building permits»»...
*...
10
Business incorporations (new), failures
......
7
Business sales and inventories.
;
5
Butter
..,.»..,.,,...„,
26
Cattle and calves.....,.,
28
Cement and concrete products.
9,10,38
Cereal and bakery products.,
8
Chain-store sales, firms with 11 or more stores.;.
12
Cheese.,,.
26
Chemicals
..?... 4-6,8,13-15,19,22-25
Cigarettes and cigars
„
,.
30
Clay products
9» 38
Coal, ...
4,8,22,34,35
Cocoa
.
';.;
23,29
Coffee
,..,..;
23,29
Coke,
.
35
Communication.............I
2,19,24
Confectionery, sales...............
29
Construction:
Contracts.
9
Costs.,,'
,,,..,
,
,
10
Employment, unemployment, hours, earnings., 13-15
Fixed investment, structures.
1
Highways and roads,.,.
.... 9,10
Housing starts, , , <
V...
.
...
10
4
New construction put in place........i
9
Consumer credit...
,
17,18
¥
Consumer expenditures, , , , , , ,
....,.,
1
Consumer goods output, index,
3,4
Consumer price index
,,
^,
7,8
Copper
....,.,
33
Corn.;
..,,,.,.,
27
Cost of living (see Consumer price index). „ . . , . . . - 7,8
Cotton, raw and manufactures......
7,9,22,38,39
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
,
4,35
Currency in circulation.
19
Dairy products
3,7,8,26,27
Debits, bank.
..,
16
Debt, U,S Government,
„,.,.
18
Department stores.
;....'
11,12
Deposits, bank.,.
.
16,17,19
Disputes, i n d u s t r i a l . , « . . . . , . , . , . . . . . , , , . . , . . . .
16
Distilled spirits
26
Dividend payments, rates, and yields...
2,3,18-21
Drug stores, sales,
11,12
Earnings, weekly and hourly
Eating and drinking places
Eggs and poultry
Electric power
.
Electrical machinery and equipment
14,15
11,12
3,7,28,29
4,8,25,26
4-8,
13-15,19,22,23,34
Employment estimates
,
12-15
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
Farm income, marketings, and prices
2,3,7,8
Farm wages..';*',
15
Fats and oils,..,....,..
8,22,23,29,30
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
,,
28,29
Food products.
, 1,4-8,11-15,19,22,23,26-30
Foreclosures, real estate
10
Foreign trade (see also individual commod.)..... 21-23
Foundry equipment
;
34
Freight cars (equipment)
4,40
Fruits and vegetables..
7,8
Fuel oil
,
35,36
Fuels.».
4,8,22,23,34-36
Furnaces,
34
Furniture...
,
........ 4,8,11-15
Gas, output, prices, sales, revenues............ 4,8,26
Gasoline.
1,35
Glass and products.
«.
38
Glycerin,,,
,,
,
25
Gold.
19
Grains and products.
7,8,22,27,28
Grocery stores.
11,12
Gross national product,
1
Gross private domestic investment.
1
Gypsum and products.,
'.
9,38
Hardware stores
,
,
11
Heating e q u i p m e n t . , . . , , . . . . . . . . . . , . . » . . , . . . . 9,34
Hides and skins
8,30
Highways and roads
9,10
Hogs.....
,
,
28
Home electronic equipment.,
,
.,.
8
Home Loan banks, outstanding advances
10
Home mortgages,
*
10
Hosiery
,
40
Hotels,
24
Hours of work per week
,
,,
14
Housefurnishings.
,
1,4,8,11,12
Household appliances, radios, and television sets.
4,
8,11,34
Housing starts and permits
10
Imports (see also individual commodities),.... 1,22,23
Income, personal,,.,...,
2,3
Income and employment tax receipts.
18
Industrial production indexes;:
By industry
3,4
By market grouping.,,.,...,,.,
3,4
Installment credit.
12,17,18
Instruments and related products
4-6,13-15
Insurance, life.
,
, 18,19
Interest and money rates
,
17
Inventories, manufacturers* and trade.......... 5,6,12
Inventory-sales ratios
,,,..,...,,.,.,.
6
Iron and steel
4,5-7,9,10,19,22,23,31,32
Labor advertising Index, strikes, turnover. ......
16
Labor force
12,13
Lamb and mutton
................
28
Lard
, „ . 28
Lead.
...........
33
Leather and products
4,8,13-15,30
Life insurance,
18,19
Linseed oil.
30
Livestock.
3,7,8,28
Loans, real estate, agricultural, bank, brokers'
(see also Consumer credit).
10,16,17,18,20
Lubricants.,.
.
,
. . . , , , , 35,36
Lumber and products
4,8,10-15,19,31
Machine tools
.
.....,,,..,
34
Machinery.....,,.,,:
4,5-8,13-15,19,22,23,34
Mail order houses, sales
,.,...„
11
Man-hours, aggregate, and indexes, . . . . . . . . . . . .
14
Manmade fibers and manufactures.
, 9,39
Manufacturers* sales, (or shipments), inventories,
orders,
»,.........„
4-7
Manufacturing employment, unemployment, production workers, hours, man-hours, earnings. .. 13-15
Manufacturing production indexes. „ , / . „ , . .
3,4
Margarine,
29
Meat animals and meats
3,7,8,22,23,28
Medical and personal care
7
Metals
,
4-7,9,19,22,23,31-33
Milk.
27
Mining and minerals.
,
2-4,9,13-15,19
Monetary statistics,..,
19
Money supply.
,,..,..
»
19
Mortgage applications, loans, rates....... 10,16,17,18
Motor c a r r i e r s » , , , . , . . . , . , . . . . ,
23,24
Motor vehicles
1,4-7,9,11,19,22,23,40
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.,.
,, 4,9,19,22,23,33
Nonmstallment credit
..,,.......,.,..,...
17
Oats.
»,..,
............
27
Oil burners
,..,,......,.
34
Oils and fats,
...,....,...,,,... 8,22,23,29,30
Orders, new and unfilled, manufactures*....,.,».
6,7
Ordnance.
.
13-15
Paint and paint materials,
Paper and products and pulp
..,,...,.,. 8,25
4-6,
9,13-15,19,23,36,37
Parity ratio
.
,*.»,.
..,,,.»....,,,.
7
Passports issued....,.,,,,.,.,
24
Personal consumption expenditures.
1
Personal 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
Poultry and eggs
3,7,28,29
Prices (see also individual commodities)..,.,,.,, 7-9
Printing and publishing,
4,13-15
Profits, corporate.
2,19
Public utilities,
2-4,8,9,13,19-21
Pullman Company.»,..,,,,...,.,...,
24
Pulp and pulpwood,
.,......,,....;
36
Purchasing power of the dollar
9
Radiators and convectors,
—
34
Radio and television
4,10,11,34
Railroads.
2,15,16,19,20,21,24,40
Railways (local) and bus lines.
.
23
Rayon and acetate.
39
Real estate.
,
10,17,18
Receipts, U.S. Government.
18
Recreation
*
,.,..,..,..
8
Refrigerators and home freezers
34
Rent (housing).........
,.,;
7
Retail trade..,.
..... .A
5,8,11-15,17,18
Rice,
J
......;,,.
27
Roofing and siding, asphalt.,, i ,
36
Rubber and products (incl, plastics).,.,»,....». 4-6,
9,13-15,23,37
Saving, personal
2
Savings deposits
,
17
Securities issued.
....'.
19,20
Security markets
20,21
Services,
1,7,13
Sheep and lambs.
28
Shoes and other footwear
,
8,11,12,30
Silver.,.....,.,..,»,,,,................,....
19
Soybean cake and meal and oil,
30
Spindle activity, cotton
39
Steel (raw) and steel manufactures
31,32
Steel scrap.
31
Stock prices, earnings, sales, etc
20,21
Stone, clay, glass products
4-6,8,13-15,19,38
Stoves and ranges.,.»...,
,
34
Sugar....,..,;..
,
, - 23,29
Sulfur.,,
>..
25
Sulfuric acid,
24
Superphosphate,
,
25
Tea imports
,.
29
Telephone and telegraph carriers
24
Television and radio.
4,10,11,34
Textiles and products.... 4-6,8,13-15,19,22,23,38-40
Tin.
,,,...,
33
Tires and inner tubes.
9,11,12,37
Tobacco and manufactures....
4-6,9,11,13-15,30
Tractors..,..,,
„,.
34
Trade (retail and wholesale)
5,11,12
Transit lines, local
.,.».,.
.*
23
Transportation.
,
,. 1,2,8,13,23,24
Transportation equipment.»
,
4-7,13-15,19,40
Travel.
,
- 23,24
Truck trailers
.,.,,,,,.
40
Trucks (industrial and other).,,...,...
34,40
Unemployment and insurance.
12,13,1<>
U.S. Government bonds.
16-18,20
U.S. Government
finance.
18
Utilities.
2-4,9,13,19-21,25,26
Vacuum cleaners
Variety stores.
Vegetable oils.
Vegetables and fruits,
Veterans* benefits.
34
11,12
29,30
7,8
, . . . . , , . . 16,18
Wages and salaries,.,
Washers and driers.
Water heaters......;........
Wheat and wheat
flour,
Wholesale price indexes. , . . . , . , . . „
Wholesale trade....
,
Wood pulp
Wool and wool manufactures,
, » 2,3 14,15
34
,, *
Zinc.
34
,,,,
28
8,9
5,7, 13-15
36
, 9,39
33
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