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MAY 1965 | VOLUME 45 NUMBER
SURVEY OF CUBRENT BUSINESS
U*S* Department of
..
,
CONTENTS
THE, BUSINESS -SITUATION
- ' .
-
Andrew F. Bmmmm/ Assistant Secretary
for Economic Affairs
Recent Hoiising Activity
2
National Income mud Product Tables
4
•;:-.
;-
.
';
Jolm TV Ooimor / Secretary
Office of Business -Econoinies ' •
Morris K* Goldman / Louis J* Paradiso
Associate
Murray •F.-Fos*../ 'Editor ^ \ •'•
, ,
ARTICLES
'
Leo V. Bariry, Jr. / Statistics Editor
Recent Money Market and Credit Developments
7
Constrwction Activity in the
1958 Inpiit-Output Study
13
Bitty Jo Hurley /
^STAFF CONTBIBIJTOR.S TO THIS ISSUE
Business Rev ietv and Features:
'Francis L.-Hirt; ', Kieha^d W* Bond
MONTHLY BUSINESS STATISTICS
General
S1-S24
Industry
S24-S40
••--'/
R.Hull, Jr. " V ' v
; '• "'
•
-
,
Articles;
John A»
Norman Frunikin
Subject Index (inside Back Cover)
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..'
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MU 2-3300.
the BUSINESS SITUATION
HJSINESS continued to be very good sized increases in each of the previous
in the early part of the second quarter, months of 1965. The slowdown was
but the economy appeared to be mov- attributable to a flattening out in
ing ahead at a slower rate than in the durable goods manufacturing.
first quarter. Personal income, for exA major development in the steel inample, increased less than $1 billion in dustry during April was the 4-month
April as payrolls, which had increased extension—from May 1 to September
$2 billion to $3'billion a month (annual 1—of the labor contract with leading
rate) since last November, failed to producers. The effects of the extension
advance. Industrial production moved on mill operations began to show up at
higher, but the gain was the smallest the end of April and in early May.
in almost a year, apart from the effects The daily rate of output in the first
of the strikes in the automobile industry last fall. Ketail business in
CHART 1
April was about unchanged from March
Inventory Investment (GNP Basis)
and continued below the February
record.
Additions to stocks continued high
After the unusual $14 billion inin first quarter . . .
crease in GNP in the first quarter, the Billion $ Change in Inventories
change in pace that is now evident 8
~ TOTAL NONFARM
hardly comes as a surprise. The stimulus to production from the stockpiling
of steel by mills and consumers began
to diminish early in the first quarter,
and the stimulating effects of the recovery in automobile production and
sales have by now disappeared. At
present, the steel and automobile inManufacturing additions were much lower . . .
dustries are adjusting output to more
normal demand conditions, and this
- MANUFACTURING ; V - J {
:\ '
;-/;
process is dampening the overall advance in the economy.
Personal income up slightly
Personal income rose to a seasonally
adjusted annual rate of $514.5 billion in
April, up $0.7 billion over the March
rate. Increases in proprietors' and
property income accounted for almost
all of the total advance in April. Wage
and salary payments were unchanged
over the month, as small increases in
private nonmanufacturing industries
and in Government were approximately
offset by a decline in manufacturing
payrolls.
But swing in autos boosted trade stocks
— TRADE ,',
'.. "' '-. *:"'v ' •': ', '
"~
i
Slowdown in industrial production
Industrial production moved ahead
only slightly in April following good-
1964
1965
Quarterly, Seasonally Adjusted, at Annual Rate
U.S. Department of Commerce, Office of Business Economics
I
week of May was down from April by
a little more than the usual seasonal
movement.
By the time the labor contract was
extended, steel consumers had considerably built up their stocks of steel.
As of the end of March, the last date
for which figures are available, manufacturing consumers held about 50
days' supply of steel in terms of March
consumption rates, without seasonal
adjustment. Six months earlier, the
corresponding figure was 38 days. The
March stock-consumption ratio was
still below the peaks reached in 1962
and 1963 (see chart 2).
Auto output and sales lower
In recent months, sales of automobiles have tended downward from
earlier high levels. In April, dealer
sales of domestically produced passenger cars declined for the second straight
month to a seasonally adjusted annual
rate of 8.2 million units. The April
annual rate was one-half million units
below that in March and about \%
million units below the annual rate in
January and February.
With retail deliveries lower, automobile manufacturers cut back production from the exceptionally high
March volume. April assemblies of
860,000 passenger cars, although a
record for the month, were 5 percent
below the March peak, after adjustment for seasonal factors. April, however, was the second successive month
in which completions of both cars and
trucks exceeded 1 million units.
Not only did sales fall during April
but additions to dealers' inventories
were also somewhat lower than the
average for the first quarter. Inventories at the end of April totaled a
little over 1.1 million cars, and the
stock-sales ratio moved up to 1.6.
This was the highest ratio since the
1
SUEVEY OF CUEEENT BUSINESS
to a rate of $7 billion. The change in
inventory investment was fairly important in the modest rise in GNP
in the strike-affected fourth quarter
but small compared with the large
Shifts in inventory investment
production advance of the past quarter.
Businessmen have been making
Although the increase in inventory
rather large additions to their inven- investment from the fourth to the first
tories since the end of last summer. quarter was not pronounced, the comAdditions to nonfarm stocks rose in the position of the inventory accumulation
fourth quarter of 1964 to a seasonally changed sharply. From December to
adjusted annual rate of about $6 March, additions to manufacturing
billion, and in the first quarter of this stocks were less than in the previous
year, they advanced somewhat more, 3 months while trade stocks, after
falling in the third and fourth quarters
of last year, rose considerably. In
CHART 2
both industries, changes in durable
Steel Stocks and Consumption
goods stocks accounted for the greater
Consumer stocks up sharply in March
part of the shift in composition.
Mill stocks down
The first quarter slowdown in manMillion Tons
36
ufacturers' accumulation was general
STOCKS
and in the case of durable goods industries was fairly marked. On a
seasonally adjusted basis, stocks of
steel mills declined as mills made very
heavy shipments to steel consumers
in anticipation of a possible strike on
May 1. Metal fabricating firms continued to build up their total inventories
20
but at a slower pace than in the fourth
quarter; the high levels of production
Steel Producers
and demand during the first quarter
apparently kept metal fabricating firms
from building up their stocks of materials and finished goods even more.
Much of the fourth quarter decline
Manufacturing Consumers
and the sharp first quarter increase in
trade stocks reflected first the depletion
4 i 11 1 1 1 11 1 1 1 1 1 i 1 1 1 1 1 1 1 1 1 11! 1 1 1 1 1 1 1 1 1 1 1 ! 1 1 1
and then the rebuilding of auto dealer
Consumption increased to a new peak
inventories, the results of the automobile strikes and their aftermath.
CONSUMPTION BY MANUFACTURERS
auto strike ended, though it was still
moderately below the average ratio
that prevailed in the 6 months of 1964
preceding the strike.
\
First quarter 1965 profits at peak
After a slight decline in the fourth
quarter of last year, corporate profits
rose $5% billion in the first quarter
of 1965 to reach a new peak of $62^
billion (annual rate), according to
preliminary estimates. Book profits,
Consumer stocks rose to 50 days' supply at
end of March
Number of days'supply
Wft^
M -j H M 1 H I 1=1 I-I'M- i !'JM !| *> H I 'i> I i.s'j-'l'l- i S I -I 'II 1,1,1
61
1962
1963
1964
1965
includes warehouses, excludes nonmanufacturing industries
Note: Data are unadjusted for seasonal variation
Basic Data: Census
U.S. Department of Commerce, Office of Business Economics
which include gains due to inventory
price increases, advanced by $6J4
billion. On either basis, it was the
sharpest quarterly rise in profits recorded during the business expansion of
the past 4 years.
The first quarter advance was strongest in durable goods, especially in the
automobile industry, whose profits did
not merely recover from the effects of
the strikes in the fourth quarter but
rose considerably above prestrike levels.
Earnings of other durable goods manufacturers increased, but less sharply,
and most producers of nondurable
goods reported gains. Nonmanufacturing earnings, particularly those, of
auto dealers, also rose.
After-tax profits advanced $4}£ billion
to a total of $36% billion. On a relative
basis, this was an even larger rise than
the increase in before-tax profits; about
$1% billion (annual rate) of the rise was
the result of the introduction of the
second step of the 1964 tax cut. This
year, the top corporate tax rate has
been reduced 2 percentage points to
48 percent.
First quarter GNP revisions
The regular estimates of GNP and
preliminary estimates of national income for the first quarter of 1965
appear in the tables on pages 4-6. The
GNP total, $648.8 billion, was close to
the preliminary figure published last
month and so was the broad pattern
of change from the $634.6 billion of
the previous quarter. There were two
revisions that were largely offsetting.
Net exports in the first quarter were
down more sharply than the preliminary data indicated, mainly because
the decline in imports as a result of the
dock strike was not so pronounced.
On the other hand, Government purchases of goods and services were somewhat higher and now show a slight
increase over the fourth quarter.
Recent Housing Activity
- ,
60 & .........
20
May 1965
65-5-2
HOUSING activity, after declining
(seasonally adjusted) in the last three
quarters of 1964, rose more than $1
billion from the final quarter of last year
to the first quarter of 1965. Most of
the recent improvement took place
during the winter; activity during
March and April was not much changed
from the February rate.
This year's first quarter seasonally
adjusted annual rate—$26.2 billion—
was exceeded only once, a year earlier,
when investment in new nonfarm
housing reached a peak of nearly $27
SUEVEY OF CURRENT BUSINESS
May 1965
billion. On a deflated basis, the difference between these two figures is larger
since construction costs have risen
about 3 percent over the past year.
The advance in costs has continued in
recent months.
The pickup in residential outlays
early this year reflected a stepped-up
level of private nonfarm starts in the
final months of 1964. Starts, which
move erratically even after seasonal
adjustment, fell back rather sharply in
the first 2 months of 1965 but rose
again in March; the first quarter 1965
average was only a little above the
recent low in the third quarter of 1964.
On the other hand, seasonally adjusted
housing permits, which tend to fluctuate
less than starts, rose substantially in the
first quarter over the number issued
during the fourth quarter, which was
last year's lowest. The new year has
begun with the seasonally adjusted rate
of permits at about the average level of
1964.
Last year was a noteworthy one in
homebuilding because private housing
starts declined for the first time since
1960. The nonfarm total fell from 1.58
CHARTS
Private Housing Authorized
By Building Permits
Million Units (ratio scale)
2.0
1.5
million units in 1963 to 1.53 million
units in 1964, with both single-family
and multifamily units down by approximately equal percentages. For
single-family homes, it was the fourth
straight year of relatively little change.
For multifamily units, it marked the
reversal of an upturn that began in
early 1960 and reached extremely
high levels around the beginning of
1964.
Regional shifts
The decline in homebuilding last year
was rather severe in the West, the area
which had shown the most rapid buildup
during the previous 4 years. For example, permits declined steadily throughout 1964 in this region, and the total
for the full year was about one-sixth
lower than in 1963. Permits were
about unchanged from 1963 to 1964
in the South and the Northeast, and
somewhat higher in the North Central
States.
The cutback in the West may have
resulted in part from the reduction in
Federal defense programs, which have
been very important in that part of
the country. The slow but steady rise
in the North Central States reflected
the stimulus given to incomes by rising
production in the automobile and machinery industries, which are prominent
in that area.
Permits (seasonally adjusted) leveled
out from the fourth quarter of last year
to the first quarter of this year in the
western States and rose in the other
three areas. (See table 1.) Since the
earlier cutback in the West was sharp,
it is possible that a major source of last
year's total housing decline has by now
largely disappeared.
Multifamily
1959
60
61
62
63
64
65
Seasonally Adjusted, At Annual Rates
Data: Census
U.S. Department of Commerce, Office of Business Economics
65-5-3
housing
From early 1960 to the fourth quarter
of 1963, permits for apartment units in
five-or-more-family buildings more than
tripled, increasing their share of the
private total from 15 percent to almost
40 percent. The quarter-to-quarter reductions that followed during 1964 were
very pronounced, but since the number
issued rose markedly throughout 1963,
the decline from 1963 to 1964, from
466,000 units to 459,000 units, was
only 1% percent on an annual basis.
Table 1.—New Private Housing Units Authorized by Local Building Permits, by
Region 1
(Thousands of units)
U.S.
North- North
Central
east
total
South
West
1963
1st quarter
2d quarter
3d quarter
4th quarter
1,257
1,333
1,326
1,387
247
284
435
421
1,364
1,286
1,249
1,216
243
248
235
238
326
272
284
288
403
396
396
386
392
370
334
304
1, 279
247
319
412
301
236
231
235
222
279
267
377
398
401
423
424
423
IQf)/
1st quarter.
2d quarter
3d quarter
4th quarter
_
1965
1st quarter
1
Seasonally adjusted annual rate for 12,000 permit-issuing
Source: Bureau of the Census.
Table 2 presents changes in permits
issued (units in five-or-more-family
buildings) from 1963 to 1964 in the 25
largest metropolitan areas, ranked by
1960 population. Changes in vacancy
rates from 1963 to 1964, based on FHA
rental projects, are also shown. While
the two sets of data are not quite comparable, they at least suggest in a
general way that changes in permits
were inversely related to changes in
vacancy rates.
These 25 areas accounted for a net
decrease of 55,000 units from 1963 to
1964, with New York and Los Angeles
alone accounting for 45,000. Declines
Table 2.—Changes in Building Permits and
Vacancy Rates for Apartment House
Units, 25 Metropolitan Areas
Percent
change in
permits,
1963-64 i
New York _
Los Angeles
Chicago
Philadelphia
Detroit
__
_ __
San Francisco
Boston..
Pittsburgh
St. Louis
Washington
----
Cleveland
Baltimore
Minneapolis
Buffalo
Houston
Milwaukee
Dallas
Cincinnati
Kansas City
Atlanta
Seattle
San Diego
Denver
Miami
New Orleans
.
-
.
-
-
-
,--
-- - -
Percentage
point change
in vacancy
rates, 1963-64 2
-68.8
-24.6
-1.3
-3.0
20.2
3.4
3.2
3.1
-.5
2.0
-7.5
76.5
51.8
54.2
-12.4
1.7
2.1
-3. 6
-1.4
1.3
-38.7
-2.2
2.9
41.8
-33.8
-.3
-1.8
-2.0
—.7
5.5
35.7
-32.3
-10.5
73.2
-29.4
-1.0
5.4
-11.1
3.9
-1.9
-19, 9
59.1
-24.4
60.3
7.5
4.8
-2.1
-5.3
-5.3
1.2
1 Permits issued for apartments with 5 or more family units
in2structure.
.
FHA rental project vacancy rates, as of Mar. 15 in each
year.
Sources: Bureau of the Census; Federal Housing Administration.
SURVEY OF CURRENT BUSINESS
CHART 4
May 1965
in permits of about one-fourth or more
occurred in New York (where a change
in building codes was also a major
factor), Los Angeles, Dallas, Houston,
Cleveland, Denver, and Atlanta. In
smaller metropolitan areas and in nonmetropolitan areas, permits issued for
apartment buildings increased substantially on a net basis over the same
period.
Since last December, permits for new
apartment units have shown a substantial increase. For the first quarter
as a whole, they were up more than
10 percent from the fourth quarter
seasonally adjusted rate and differed
little from the average for the full year
1964.
Starts of single family homes declined in 1964,
reflecting cutbacks by merchant builders
Home sales were maintained
Single-family housing
1963
1964
1963
1964
1963
1964
Starts of new private one-family
dwellings (excluding farm homes) have
kept within a relatively narrow range
of about 950,000 to 1 million units for
the past 5 years. Last year, starts of
this kind were at the low end of the
range, down about 45,000 units from
the 1963 total after 2 years of increase.
(Continued on page 12}
Data: Census
65-5-4
U.S. Department of Commerce, Office of Business Economics
NATIONAL INCOME AND PRODUCT TABLES
Table 1.—Gross National Product in Current and Constant Dollars (1-3, 1-5)
1964
1962
1963
1964
I
II
1965
III
IV
I
1964
1962
1963
1964
Seasonally adjusted at annual rates
I
II
1965
III
IV
I
Seasonally adjusted at annual rates
Billions of current dollars
Billions of 1954 dollars
Gross national product
556.2
583.9
622.6
608.8
618.6
628.4
634.6
648.8
476.4
492.6
516. 0
508.0
513.5
519.6
522.7
532.2
Personal consumption expenditures
356.8
375.0
399.3
390.0
396.1
404.6
406.5
418.1
318.5
330.6
347.5
340.9
345.0
351.8
352.4
360.6
48.4
162.0
146.4
52.1
167. 5
155.3
57.0
177.3
165.1
55.9
172.9
161.1
57.0
175.3
163.8
58.7
179.5
166.4
56.3
181.3
169.0
62.0
184.3
171.7
45.7
148.3
124.5
49.3
151.6
129.7
54.2
158. 8
134.6
53.1
155.2
132.6
54.0
157.4
133. 7
55.6
160.9
135.3
53.9
161.9
136.6
58.9
163.9
137.9
Durable goods
Nondurable goods
Services
__
Gross private domestic investment
79.1
82.0
87.7
85.9
87.2
87.3
90.4
94.7
65.9
67.7
71.0
70.1
70.8
70.4
72.7
76.1
44.2
46.6
48.9
49.2
48.9
48.9
48.7
49.9
36.7
37.9
38.9
39.6
39.2
38.6
38.2
39.1
23.6
20.6
25.2
21.3
26.0
22.9
26.9
22.3
26.2
22.7
25.7
23.1
25.1
23.6
26.2
23.7
20.1
16.5
21.2
16.7
21.3
17.6
22.3
17.3
21.6
17.5
20.9
17.7
20.3
17.9
21.1
17.9
Producers' durable equipment
29.0
31.0
35.1
34.2
34.6
35.6
36.0
37.9
24.0
25.6
28.8
28.1
28.3
29.2
29.5
31.0
Change in business inventories
5.9
4.4
3.7
2.5
3.7
2.8
5.7
6.8
5.2
4.1
3.3
2.4
3.3
2.5
5.0
6.0
5.3
.6
3.9
.5
3.6
.1
2.2
.3
3.4
.3
2.7
.1
6.1
-•4
7.0
-.2
4.8
.4
3.6
.5
3.2
.1
2.1
.3
3.0
.3
2.4
.1
5.4
-.4
6.2
-.2
New construction
Residential nonfarm
Other —
__
__ _ .
Nonfarm
Farm ..
Net exports of goods and services
Exports..
Imports
Government purchases of goods and services
Federal
National defense
Other.
Less: Government sales _ _
______
State and local
Addendum:
Implicit price deflator for seasonally adjusted
GNP, 1954=100
_
4.0
4.4
7.0
7.7
5.7
7.0
7.7
5.0
2.2
2.2
4.6
5.4
3.4
4.5
5.2
2.7
29.2
25.2
30.7
26.3
35. 2
28.2
34.5
26.8
33.7
27.9
35.7
28.7
37.1
29.4
33.7
28.7
27.5
25.3
29.1
26.8
33.4
28.7
32.7
27.3
31.9
28.5
33.8
29.2
35.1
29.9
31.9
29.2
116.3
122.6
128.6
125.2
•129.6
129.5
130.0
131.0
89.8
92.1
92.8
91.6
94.3
92.8
92.4
92.8
62.9
64.7
65.5
64.3
67.1
65.5
65.3
65.1
49.4
49.7
48.2
47.8
49.8
47.8
47.3
47.1
53.6
10.2
.9
55.2
10.3
.8
55.4
11.2
1.1
54.0
11.5
1.2
57.0
11.0
.9
55.2
11.2
.9
55.3
11.3
1.2
54.4
11.9
1.2
53.5
57.9
63.0
60.9
62,5
64.1
64.6
65.9
40.3
42.4
44.6
43.8
44.5
45.0
45.1
45.8
116.7
118.5
120.7
119.8
120.5
121.0
121.4
121.9
SURVEY OF CUREENT BUSINESS
May 1965
Table 2.—National Income by Type of Income (1-8, 1-9)
Table 3.—Personal Income and Its Use (II-2)
[Billions of dollars]
[Billions of dollars]
1964
1962
1963
1964
I
II
1965
rv
III
1964
1962
I
1963
1964
Seasonally adjusted at annual
rates
Personal income
_
Proprietors' income
Business and professional.
Farm
Proprietors' income
Wage and salary disbursements. .
Commodity-producing industries
Manufacturing only
Distributive industries
Service industries
Government
_ _ __
Other labor income
.
297.1 312.1 331.6 323.2 328.7 334.3 340.0 347.2
118.5 123.3 129.8 126.7 128.9 130.8 132.8 136.7
94.2 98.0 103. 0 100. 6 102.4 103.8 105.2 108.9
76.6 80.3 84.9 82.7 84.1 85.7 87.2 89.0
46.4 49.3 52.6 51.3 52.4 52.9 53.9 54.8
55.6 59. 2 64.2 62.4 63.4 64.9 66.1 66.8
12.3
13.1
14.1
13.7
14.0
14.2
14.5
14.7
49.8
36.6
13.2
50.6
37.6
13.0
52.0
39.3
12.7
51.2
38.6
12.6
51.7
39.1
12. 6
52.1
39.6
12.6
52.8
39.9
12.9
52.7
40.4
12.2
50.6
52.0
51.2
51.7
52.1
52.8
52.7
Rental income of persons
12.2
12.3
12.4
12.4
12.4
12.4
12.5
12.5
36.6
37.6
39.3
38.6
39.1
39.6
39.9
40.4
Dividends—
16.5
18.0
19.8
19.4
19.8
20.0
20.2
20.5
36.6
37.6
39.3
Personal interest income
30.0
32.9
36.0
35.0
35.7
36.3
36.9
37.6
0
13.2
0
13.0
0
12.7
12.6
12.6
12.6
12.9
12.2
34.7
36.7
38.2
38.3
38.0
38.0
38.4
39.6
12.4
12.4
12.5
12.5
Transfer payments
._
Old-age and survivors insurance benefits
State unemployment insurance benefits
Veterans' benefits
._
Other
14.3
15.2
16.0
15.6
16. 1
16.1
16.1
16.4
2.9
4.8
12.7
2.8
5.0
13. 7
2.6
5.2
14.4
2.8
5.2
14.8
2.5
5.3
14.2
2.4
5.2
14.2
2.6
5.3
14.3
2.4
5.4
15.3
10.3
11.8
12.7
12.3
12.5
12.8
13.0
13.2
12.2
12.3
12.4
12.4
Corporate profits and inventory valuation adjustment
Profits before tax
__
Profits tax liability
Profits after tax
Dividends
Undistributed profits— _
Inventory valuation adjustment. __
48.4
48.2
23.2
25.0
16.5
8.5
.3
50.8
51.3
24.6
26. 7
18.0
8.7
-. 4
57.4
57.6
25.8
31.8
19.8
11.9
-.2
56.4
56.6
25.4
31.2
19.4
11.8
-.2
57.9
57.9
26.0
31.9
19.8
12.1
-. 1
58.1
58.0
26.0
32.0
20.0
12.0
.1
57.0 162.6
57.7 64.0
25.9 27.5
31.9 36.5
20.2 20.5
11.7 15.9
-.7 -1.4
Net interest
22.1
24.4
26.8
25.9
26.5
27.1
27.6
_
I
49.8
Rental income of persons
_
IV
III
442.4 464.1 491.4 480.9 487.9 494.5 502.2 511.6
_
Compensation of employees
323.1 340.3 361.7 352.5 358.6 364.8 370.6 378.3
Wages and salaries. __
297.1 312.1 331.6 323.2 328.7 334.4 339.9 347.2
Private
241.6 252.9 267.4 260.8 265.3 269.4 274.0 280.5
Military _ . _
10.8 10.9 11.8 11.7 11.7 11.8 11.9 11.9
Government civilian
44.7 48.3 52.4 50.7 51.7 53.2 54.0 54.9
Supplements to wages and salaries _ 25.9 28.2 30.1 29.4 29.9 30.4 30.7 31.1
Employer contributions for
social insurance
13.6 15.1 16.0 15.7 15.9 16.2 16.2 16.4
12.3 13.1 14.1 13.7 14.0 14.2 14.5 14.7
Other labor income
Employer contributions to
private pension and welfare funds
9.7 10.4
Other
2.6
2.7
Business and professional
Income of unincorporated enterprises—
Inventory valuation adjustment
Farm
II
Seasonally adjusted at annual
rates
455.6 478.5 510.1 498.4 507.1 514.5 520.6 1534.3
National income
I
1965
28.2
1. First-quarter 1965 national income total and the corporate profits share are based on
preliminary estimates and are subject to revision in next month's SURVEY.
Less: Personal contributions for
social insurance
Less: Personal tax and nontax pay57.9 61.6 59.5 61.4 57.7 58.8 60.2 63.3
ments
_
49.1 51.9 49.0 51.2 47.3 48.2 49.3 52.0
Federal
State and local
8.8 9.6 10.6 10.2 10.5 10.6 10.9 11.3
Equals: Disposable personal income... 384.6 402.5 431.8 419.5 430.2 435.6 442.1 448.3
Less: Personal consumption expenditures
Equals : Personal saving
356.8 375.0 399.3 390.0 396.1 404.6 406.5 418.1
27.8 27.5 32.5 29.5 34.0 31.0 35.5 30.2
Addendum: Disposable personal income in constant (1954) dollars .
343.4 354.9 375.8 366.7 374.7 378.8 383.1 386.7
Table 4.—Gross National Product by Major Type of Product in Current and Constant Dollars (1^6, 1-7)
1964
1962
1963
1964
I
II
III
IV
I
1962
1963
1964
583.9
622.6
608.8
618.6
618.9
3.7
606.4
2. 5
614.9
3.7
628.4
513.5
519. 6
522.7
532.2
517.0
2.5
517.7
5. 0
526.2
6.0
323.7
250.3
258.1
273.1
266.2
271.8
276.3
278.3
284.4
245.1
5.2
254.0
4.1
269.8
3.3
263.8
2.4
268.5
3.3
273. 7
2.5
273.3
5.0
278.4
6.0
121.6
117.9
3.7
128.8
122.8
5.9
91.7
89.2
2.6
96. 3
94.4
1.9
104.5
102.8
1.7
100.4
99.8
.6
105.4
103.3
2.1
106.0
104.9
1.1
106. 2
103,2
3.0
112.2
107.1
5.1
191.3
189.8
1.5
193.8
191. 7
2.1
194.9
194.0
.9
158. 6
155.9
2.6
161.8
159.6
2.3
168.6
167.0
1.6
165. 8
164.0
1.8
166.4
165. 2
1.2
170. 3
168.8
1.5
172.1
170. 1
2.0
172.2
171.3
.9
241.7
246.0
250.3
254.7
174.8
181.4
188.3
186.8
186.7
188.9
190.6
193.1
68.9
69.2
69.0
70.3
51.3
53.0
54.6
55.0
55.0
54.4
53.9
54.8
26.4
26.8
23.0
32.0
18.3
20.4
21.2
21.7
22.0
22.1
19. 1
26.8
313.3
304.3
3.7
310.5
2.8
105.3
102.3
3.0
110.4
108.2
2.2
120. 0
118.0
2.0
114. 9
114.3
.7
121.4
119.0
2.5
122.0
120.7
1.3
174. 2
171.3
2.9
179.8
177.6
2.2
189. 3
187. 6
1.7
185.7
183.9
1.8
186.6
185.4
1.2
Services..—
214.7
228.4
244.3
239.6
Construction
62.0
65.2
69.0
68.6
Addendum: Auto product..
21.9
24.4
25.5
25.8
508.0
316.9
6.8
308.0
298.2
2.5
Nondurable goods output
Final sales
Inventory change
516.0
315.3
300.7
;
492.6
309. 6
5.7
309.3
305.6
3.7
Durable goods output .
Final sales....Inventory change
476.4
505. 6
2.4
285.8
4.4
..
648.8
512.7
3.3
290.2
Final sales. _.—.
Inventory change
634.6
488.5
4.1
273.6
5.9
Goods output
I
471.2
5.2
279.5
_
IV
641.9
6.8
579.5
4.4
!_
III
510.2
3.3
550.3
5.9
Final sales
Inventory change
II
Billions of 1954 dollars
Billions of current dollars
556.2
I
Seasonally adjusted at annual rates
Seasonally adjusted at annual rates
Gross national product
1965
1964
1965
625.7
2.8
628.8
5.7
SUEVEY OF CUEEENT BUSINESS
6
Table 5.—Relation of Gross National Product, National Income and
Personal Income (1-17, 1-18)
May 1965
Table 7.—Personal Consumption Expenditures by Major Type
(II-6)
[Billions of dollars]
1964
1964
1962
1962
1963
1964
I
II
1965
1965
III
IV
1963
1964
I
III
II
IV
I
I
Seasonally adjusted at annual
rates
Seasonally adjusted at aninual
rates
356.8 375.0 399.3 390.0 396.1 404.6 406.5 418.1
Gross national product
556.2 583.9 622.6 608.8 618.6 628.4 634.6
Less: Capital consumption allowancesEquals: Net national product
48.7
53.4
50.8
52.5
53.1
53.7
648%8
54.4
"•
507.5 533.1 569.1 556. 3 565.5 574.8 580.2 593.9
Less: Indirect business tax and nontax
liability
Statistical discrepancy
52.8 55.9 59.4 57.9 59.0 60.1 60.7
2.4
2.4
2.5
2.5
2.5
2.5
2.5
__ -1.8 -2.7 —2.0 -1.6 -2.4 -1.4 -2.6
Plus: Subsidies less current surplus of
Government enterprises
1.6
.9
1.0
1.0
.9
.7
Plus: Government transfer payments
Net interest paid by GovernDividends
Business transfer payments
Equals: Personal income
48.4
50.8
57.4
56.4
57.9
58.1
57.0
23.9
26.9
28.7
28.0
28.4
29.0
29.3
0
0
0
0
0
.1
-.1
32.3
8.0
16.5
2.4
34.3
35.7
8.6
18.0
2.4
9.2
19.8
2.5
35.9
9.1
19.4
2.5
35.5
35.5
9.3
19.8
2.5
9.2
20.0
2.5
i' 1
2.5
48.4
52.1
57.0
55.9
57.0
58.7
56.3
62.0
Automobiles and parts
20.6
22.7
24.2
24.3
24.1
25.6
22.8
28.5
Furniture and household equipment
20.2
21.4
24.0
23.1
24.2
24.2
24.5
24.3
7.6
8.0
8.8
8.5
8.8
8.8
9.0
9.2
Other
Nondurable fioods total
162.0 167.5 177.3 172.9 175.3 179.5 181.3 184.3
Food and beverages
1.0
455.6 478.5 510.1 498.4 507.1 514.5 520.6
Less: Corporate profits and inventory
valuation adjustment
Contributions for social insurance
Excess of wage accruals over
disbursements
6
Durable goods, total
1
1MJ
534.03
35.9
9.3
20.2
2.5
1
62. 6
29<6
o_ ,
g
4
2. 55
^•
Clothing and shoes
__
Gasoline and oil
Other
84.6
87.1
91.7
89.7
90.6
92.8
93.6
94.8
29.9
30.7
33.4
32.1
33.2
33.8
34.3
34.9
12.3
12.8
13.5
13.3
13.5
13.5
13.7
13.9
35.2
36.9
38.7
37.8
38.0
39.3
39.7
40.7
146.4 155.3 165.1 161.1 163.8 166.4 169.0 171.7
Services, total
46.5
48.9
51.5
50.5
51.1
51.8
52.4
53.1
Household operation
21.6
22.7
24.4
23.5
24.0
24.8
25.1
25.5
Transportation
11.3
11.7
12.2
12.0
12.2
12.2
12.3
12.5
uuier
Other
67.0
72.0
77.1
75.1
76.4
77.7
79.1
80.7
442.4 464.1 491.4 480.9 487.9 494.5 502.2 511.6
.
TnVkltf* ft — TTrvi»r»iam TVni-icnof-irvns: in tlitf* INTaf-irvnal Tnf*.rvm*> Ao.P.OHTlt:
(IV-2)
1. See footnote table 2.
[Billions of dollars]
1964
Table 6.— Government Receipts and Expenditures (III-3, III-4)
[Billions of dollars]
1962
1964
1962
1963
1964
I
II
III
IV
Federal Government receipts
106.4 113.6 114.1 114.8 112.3 114.0 115.2 1120.2
Personal tax and nontax receipts. _ 49.1 51.9 49.0 51.2 47.3 48.2 49.3 52.0
Corporate profits tax accruals
21.8 23.0 24.2 23.9 24.4 24.4 24.3 !25.9
Indirect business tax and nontax
accruals..
15.1 15.6 16.4 15.9 16.4 16.6 16.6 17.1
Contributions for social insurance. 20.5 23.0 24.4 23.9 24.2 24.7 25.0 25.2
110.4 115.2 119.2 117.2 120.2 119.2 120.1 120.3
62.9 64.7 65.5 64.3 67.1 65.5 65.3 65.1
28.3
26.7
1.6
29.9
28.3
1.6
31.0
29.3
1.8
31.1
29.5
1.5
30.7
29.1
1.6
30.8
29.1
1.7
31.5
29.4
2.2
32.2
30.4
1.8
Grants-in-aid to State and local
governments
8.0
9.1
10.4
9.8
10.4
10.6
10.7
10.6
Net interest paid
7.1
7.7
8.4
8.3
8.4
8.4
8.4
8.5
Subsidies less current surplus of
Government enterprises.-.
4.2
3.8
3.9
3.7
3.6
3.9
4.2
3.8
State and local government receipts
Personal tax and nontax receipts. _
Corporate profits tax accruals
Indirect business tax and nontax
accruals
Contributions for social insurance.
Federal grants-in-aid
-7.8 -5.2 -5.0 i-.l
59.5
64.4
69.8
67.8
69.2
70.6
71.5 172.6
8.8
1.4
9.6
1.5
10.6
1.6
10.2
1.6
10.5
1.6
10.6
1.6
10.9
1.6
11.6
37.8
3.5
8.0
40.2
3.9
9.1
43.1
4,2
10.4
42.1
4.1
9.8
42.6
4.2
10.4
43.4
4.3
10.6
44.1
4.3
10.7
44.6
4.4
10.6
11.3
State and local government expenditures
Purchases of goods and services
Transfer payments to persons
Net interest paid
Less: Current surplus of government enterprises
57.3
53.5
5.6
.8
62.0
57.9
6.0
.8
67.3
63.0
6.4
.9
65.3
60.9
6.3
.9
66.9
62.5
6.4
.9
68.3
64.6
6.4
.9
68.9
64.6
6.5
.9
70.3
65.9
6.7
.9
2.6
2.8
3.0
2.8
2.9
3.0
3.1
3.2
Surplus or deficit (-) on income
product account
2.1
2.4
2.5
2.4
2.3
2.3
2.6 12.3
1. See footnote table 2.
29.2
Exports of goods and services
29.2
_
Imports of goods and services
Net transfer payments by Government
Net foreign investment
I
30.7
30.7
35.2
35.2
34.5
34.5
33.7
33.7
35.7
37.1
33.7
35.7
37.1
33.7
33.7
29.2
30.7
35.2
34.5
33.7
35.7
37.1
25.2
26.3
28.2
26.8
27.9
28.7
29.4
28.7
1.6
2.4
1.6
2.8
1.8
5.3
1.5
6.2
1.6
4.1
1.7
5.2
2.2
1.8
3.2
5.5
Table 9.—Sources and Uses of Gross Saving (V-2)
[Billions of dollars]
1965
1964
1962
1963
1964
I
II
III
IV
I
Seasonally adjusted at annual
rates
Gross private saving
-4.1 -1.5 -5.1 -2.4
IV
III
II
I
Paymen ts to abroad
Surplus or deficit (— ) on income
and product account _ _ _ _
I
Seasonally adjusted at annual
rates
Receipts from abroad
Transfer payments. _
To persons
Foreign (net)
1964
1965
Seasonally adjusted at annual
rates
Federal Government expenditures
Purchases of goods and services
1963
1965
Personal saving
-Undistributed corporate profits
Corporate inventory valuation
adjustment
Capital consumption allowancesExcess of wage accruals over disbursements _
.
Government surplus on income and
product transactions
Federal
.
-State and local _„ _.
Gross investment
1. See footnote table 2.
97.6
93.7
99.2
96.9 100.8 199.7
27.5
8.7
32.5
11.9
29.5
11.8
34.0
12.1
31.0
12.0
35.5 30.2
11.7 115.9
.3
48.7
-.4
50.8
-.2
53.4
-.2
52.5
-.1
53.1
.1
53.7
-.7 -1.4
54.4 54.9
0
0
0
0
0
-1.9
.9 -2.7
0
.1
-.1
0
-5.5 -3.0 -2.3 12.2
-.1
2.3
- -
._
86.7
27.8
8.5
-- -4.1 -1.5 -5.1 -2.4 -7.8 -5.2 -5.0
2.3
2.6
2.4
2.3
2.4
2.5
2.1
Gross private domestic investment
Net foreign investment
Statistical discrepancy
85.3
81.5
84.8
92.9
92.1
91.3
92.5
95.9
97.8
79.1
2.4
82.0
2.8
87.7
5.3
85.9
6.2
87.2
4.1
87.3
5.2
90.4
5.5
94.7
3.2
-1.8 -2.7
-2.0 -1.6 -2.4
-1.4 -2.6
1-4.0
by JOHN A. GORMAN
Recent Money Market and Credit Developments
IlIKING the two quarters ending in
March of this year, there were sharp
increases—$3 billion and $4% billion at
annual rates—in gross private domestic
investment.1 The fourth quarter rise
was mainly in inventories, while the
first quarter advance was concentrated
in business fixed investment.
The fourth quarter investment rise
was matched principally by a similar
jump in personal saving, which fell back
during the first quarter to the third
quarter level. A $4 billion increase in
undistributed corporate profits and a
$5 billion narrowing in the Federal
Government deficit more than offset
the first quarter drop in personal saving and eased the financing of the rise
in business investment. The total volume of financing moved up over this
period. The increase was in business
borrowing from banks, in security
loans, and in consumer credit extensions. Mortgage financing and Federal
Government borrowing declined, and
there was little change in other debt
categories.
The response of financial markets to
this increased demand for funds was
also facilitated by the operations of the
Federal Reserve, which engaged in open
market transactions in sufficient volume
to support a record peacetime expansion in bank credit with only moderate
additional pressure on bank reserves.
Short-term interest rates rose in response to the rise in the rediscount rate
last fall, but there was little change in
most longer term rates.
largest bank credit expansion in peace- Monetary policy
time, with only moderate further imIn late November, the Federal Repairment of their reserve positions. serve raised its discount rate from 3%
The volume of lending by nonbank to 4 percent and increased maximum
financial institutions was little changed interest rates payable on time and
in the aggregate. Interest rates on savings deposits. These actions were
short-term marketable instruments rose taken in order to limit possible capital
moderately, while most other interest outflows seeking to take advantage of
rates were about the same or slightly higher foreign interest rates. Aided by
lower at the end of the period as they a sharp rise in the forward discount on
were at the beginning.
sterling, these steps reduced the incentive for short-term investment by
Americans, particularly in the British
CHART 5 money market.
Although the rise in rates implied
Deposit Growth
an increase in bank borrowing costs,
Deposits in financial institutions have
the Federal Reserve acted to maintain
continued to grow . . .
the availability of credit to domestic
Billion $ Change
borrowers. The Chairman of the Board
40
of Governors of the Federal Reserve
DEPOSITS:
System announced publicly that the
30
discount rate increase did not signal
All
reduced credit availability. The FedInstitutions
eral Reserve increased open market
20
operations to meet a record volume of
credit demands-—particularly during
10
the first quarter—but there was also
some rise in the proportion of bank
reserves borrowed from the Federal
Reserve.
with banks reporting record gains in 1964. . .
30
20
1
Money and credit developments in the first 3 quarters of
1964 were discussed in the November 1964 SURVEY.
Commercial
Banks
10
while growth in savings and loan institutions
has slowed down
Financial Institutions
During the 6 months that ended in
March, monetary policy was used to
maintain the availability of credit to
domestic borrowers, while limiting the
outflow of capital to foreign countries.
Commercial banks accommodated the
Record expansion in bank credit
DEPOSITS:
20
Savings and Loan N
Shares
10
I
1955
57
I
I
I
I
I
®
©
•
®
59
61
63
65
DataiFRB, FDIC&FHLBB
U.S. Department of Commerce, Office of Business Economics
65-5-5
During the first quarter of this year,
bank loans and investments rose $8%
billion (seasonally adjusted), about
double the fourth quarter rate and
more than one-fifth above the previous
record in the second quarter of 1958.
The rise in bank credit reflected mainly
an expanded demand for business and
security loans and continued strength
in consumer, real estate, and other
loans. This heavy demand for loan
accommodation, in conjunction with
expanded bank investment in taxexempt securities, induced the banks
to lower U.S. security holdings by
$2 billion.
Early in the year, bank lending to
7
8
SURVEY OF CURRENT BUSINESS
foreigners continued at a substantial
rate, so that by the end of the quarter
many banks had reached the ceiling
for foreign lending established in February by the administration's voluntary
balance of payments program. Under
that program, aggregate foreign assets
of the banks were to increase during
1965 by not more than 5 percent over
the amount outstanding at the end
of 1964, with priority given to financing
exports, less developed countries, and
countries in balance of payments difficulties.
The rapid expansion in commercial
bank credit was accompanied by a
record expansion in bank deposits.
With rates on time and savings de-
Table 1.—Sources and Uses of Corporate Funds, Annual, 1961-64; Half Years, 1961-64 *
[Billions of dollars]
1st half
1961
Sources, total
1962
1963
2d half
1964
1961
1962
1963
1964
1961
1962
1963
1964
52.3
59.2
62.5
66.6
20.3
27.1
29.3
28.6
32.0
32.1
33.3
38.1
29.7
5.6
24.1
35.2
7.7
27.5
36.8 42.1
8.0 •11.6
28.8 30.5
14.3
2.4
11.8
17.6
4.0
13.5
18.3
4.0
14.2
21.2
6.2
15.0
15.5
3.2
12.3
17.6
3.7
13.9
18.7
4.0
14.6
20.9
5.4
15.5
External long-term sources, total __
Stocks
Bonds
Other debt ._ .
. .
11.8
4.5
5.1
2.2
11.3
2.1
5.0
4.2
10.9
.6
5.2
5. 0
13.4
2.9
6.1
4.4
6.5
2.8
2.7
.9
5.9
1.4
2.7
1.7
5.2
.5
2.5
2.2
6.5
2.1
3.0
1.4
5.3
1.7
2.4
1.3
5.4
.6
2.3
2.5
5.6
.1
2.8
2.8
6.9
.9
3.0
3.0
Short-term sources, total
Bank loans
Trade payables
Federal income tax liabilities
Other
10.8
.4
7.4
.7
2.3
12.8
3.0
5.6
.9
3.2
14.8
4.3
6.8
1.2
2.5
11.1 -.5
2.6 -.4
5.8
.7
.7 -2.1
2.0
1.3
3.7
.6
1.3
-.5
2.2
5.8
.8
(4) -1.4
4.6
1.3
-.8 -1.0
1.9
2.0
11.3
.7
6.7
2.8
1.1
9.1
2.4
4.3
1.4
1.0
9.0
4.3
2.2
2.0
.4
10.3
4.0
4.5
1.7
.1
48.8
54.4
58.4
61.3
25.3
26.2
26.9
28.9
29.0
32.2
34.3
30.9
29.6
1.3
36.4
32.0
4.4
37.5
33.8
3.7
20.7
18.0
2.7
16.4
15.7
.7
17.4
16.9
.5
19.2
18.4
.8
22.1
21. 4
.7
Increase in financial assets, total
17.8
Receivables
9.9
Consumer
.1
Other.. ....
9.8
Cash and U.S. Government securities.. 3.6
Cash (including deposits)
3.8
U.S. Government securities
-.2
Other assets
4.3
18.0
11.3
2.2
9.1
2.0
1.8
.3
4.7
20.8 18.4
6.2
6.3
5.3
7.8
5.4
12.9 13.9
2.9
6.3
5.3
2.4
2.7 -2.0 -.3 -.4 -.1
5.7
10.5 11.1 4.8
6.7
5.3
.1 -2.6 -2.5 -2.4
2.0 -1.0
1.7
.5
.2 -2.4 -2.6 -2.0
.4 -1.5
-.1 -.3
.1 -.4
2.4
5.9
5.6
3.5
4.0 3.4
12.5
7.0
2.1
5.0
3.6
3.7
-.1
2.0
11.6
5.9
2.5
3.4
4.7
4.2
.5
1.1
13.0
6.6
2.8
3.8
4.5
4.2
.3
1.9
12.2
8.6
2.8
5.8
1.4
2.5
-1.1
2.2
-1.1
-3.7
Internal sources, total
Retained profits 3
Depreciation
_ __
_
Uses, total..
Increase in physical assets, total
Plant and equipment
Inventories (book value)
Discrepancy (uses less sources)
-3.5 -4.9
-4.1
19.8
42.8
39.4
3.4
14.5
13.9
.6
-5.4
19.0
15.1
4.0
18.4
15.4
2.9
-.5 -1.8 -3.1
-1.7
-3.1
-3.1
1. Data for 1946-55 may be found in Table V-10 of U.S. Income and Output; 1956-58 estimates are in Table 34 of July 1962
Survey, and 1959-60 are in Table 34 of July 1964 Survey.
2. Excludes banks and insurance companies.
3. Includes depletion.
4. Less than $50 million.
Sources: U.S. Department of Commerce, Office of Business Economics, based on Securities and Exchange Commission,
and other financial data.
May 1965
posits being increased, time deposits
rose $6 billion in the first quarter,
more than 20 percent above the fourth
quarter 1964 pace and about one-sixth
more than the previous high during
the first quarter of 1962. Demand
deposits showed little rise during the
first quarter after a $1 billion increase
in the fourth quarter of last year.
Other financial institutions
Among nonbank financial institutions,
there was a slowdown in lending by
savings and loan associations and an
increase in investment by life insurance
carriers, mutual savings banks, and
open-end investment companies. All
told, these institutions probably contributed about the same amount to
total financing in the fourth and first
quarters as they had during earlier
quarters of 1964.
Savings and loan associations did
not match the increases in rates paid by
commercial banks on savings deposits,
and during the past 6 months, the flow
of saving into the associations declined
from the pace reached earlier in 1964.
Table 3.—Personal Investment and Related
Financing, 1960-64 1
[Billions of dollars]
1961
1962
1963
36.8
35.6
39.2
41.0
42.2
New nonfarm housing. 18.9
Noncorporate inventories and fixed
17.9
investment
16.8
17.9
18.3
18.8
18.8
21.3
22.7
23.4
Investment
27.4
30.0
37.9
43.5
46.0
Residential mortgage
debt, gross of amorti20.2
zation
Business and farm
debt
. - 7.2
22.0
24.6
28.1
29.6
8.0
13.4
15.4
16.4
Borrowing
Table 2.—Sources and Uses of Corporate Funds by Industry, Years Ended December 31,
1961-64 *
[Billions of dollars]
Manufacturing and
mining
Transportation other
than rail
Railroads
Public utilities and
communications
1961 1962 1963 1964 1961 1962 1963 1964 1961 1962 1963 1964 1961 1962 1963 1964
Sources, total
23.8 25.8 28.5 32.2
Retained profits2.Depreciation
External long-term5sources *
Short-term sources
_
Uses, total
Plant and equipment
Inventories (book value) _
Receivables and misc. assets
Cash and U.S. Government
securities .
Discrepancy
sources)
(Uses
_ _
.7
1.0
.9
1.9
22.2 22.9 25.7 26.7
.8
.9
1.4
1.4
2.0
14.5 15.5 16.5 19.6
1.3 2.6 2.2 2.5
5.1 3.1 4.8 6.0
.7
.8
1.1
1.4
1.7
1.9
!l
.1
1.9
8.5
9.1
7.9 10.4
.1 .1 .5
1.8 1.9 3.8
.3 3.8
.3
.4 -.1 .4
.8
4.2
3.4
.7
.8
4.5
1.9
.7
2.5
1.8
2.1
2.2
9.4 10.1
1.1
4.8
4.0
.5
2.2 -1.5
.1
.1
.3 -.1
-1.6 -2.9 -2.8 -5.6
.4
.2
.5
.1
1.7
.1
.1
.5
-.7
.1
.9
1.1
1.4
1.3
1. Data for the year ended June 30,1957 may be found on p. 17 of the October 1960 Survey, and for the years ended June 30,
1958-64 and years ended December 31, 1957-60 on p. 9 of the November 1964 Survey.
2. Includes depletion.
3. Less than $50 million.
4. Includes stocks, bonded debt, long-term bank loans, mortgages and other long-term debt.
5. Includes short-term bank loans, trade payables, Federal income tax liabilities, and miscellaneous liabilities.
Sources: U.S. Department of Commerce, Office of Business Economics, based on Securities and Exchange Commission,
and other financial data.
_
.
1
Estimates for the 1946-57 period may be found on p. 15
of the April 1961 Survey, for 1958 on p. 13 of the May 1963
Survey, and for 1959 on p. 14 of the May 1964 Survey.
Sources: Securities and Exchange Commission, Federal
Home Loan Bank Board, and U.S. Department of Commerce, Office of Business Economics.
Table 4.—Personal Consumption Expenditures and Related Financial Flows,
1960-641
[Billions of dollars]
9.3 11.7
1.8 1.6 2.1 8.7 9.1 9.4 10.5
.1
.1
.2
.2 .5
.2
.2
.3
.9
-.1 .6
.1 -.1
.6 -.4
.2
1.3
less
.5
5.1 6.1 6.8 9.9 -.2 -.2 -.2 -.2 -.1
11.7 13.5 .14.1 14.7
.8 1.0 1.0 1.0 1.5
2.6 2.4 2.6 1.7 -.2 -.2
.3
4.5 3.8 5.1 6.0
.2
.2
1964
1960
1960
1961
1962
1963
1964
Personal consumption ex328.2 337. 3 356.8 375.0
penditures, total
44.9 43.7 48.4 52.1
Durables only
399.3
57.0
62.3
39.0
67.1
42.7
Consumer borrowing 2 2 50. 4
Secured by durables . 32.1
50.2
30.6
56.8
35.5
1 Estimates for the 1946-57 period may be found on p. 16
of the April 1961 Survey, for 1958 on p. 13 of the May 1963
Survey,
and for 1959 on p. 14 of the May 1964 Survey.
2
Gross of payments on installment debt.
Sources: Board of Governors of the Federal Reserve System, and U.S. Department of Commerce, Office of Business
Economics.
SUKVEY OF CURRENT BUSINESS
May 1965
With one- to four-family residential
construction showing little sign of
increase, many associations decided not
to step up competition with other
lenders for the supply of mortgages
being generated lest the quality of
the loans be compromised. Furthermore, the Federal Home Loan Bank
Board last year imposed on member
associations new regulations that have
the effect of requiring rapidly growing
associations to build up their surpluses
and thus tend to limit the amount of
earnings that can be paid out in dividends. Savings and loan associations
lent a somewhat lower volume than in
previous quarters.
The gain in deposits of mutual
savings banks slowed moderately during
the past 6 months, but their lending was
little changed. Life insurance carriers
continued to increase their lending in
line with their long-term growth. The
CHART 6
Interest Rates
Short-term rates have moved up since last fall...
Percent
6
,, •
•-,,
-,
„
,. - ; / . ,
- ,--,
, . - ,. - > , - , > ,-
3
,
9
was particularly large in manufacturing
and was associated with anticipations of
a possible steel strike. In the first
quarter, trade inventories rose following
a fourth quarter decline; much of this
swing was attributable to a recovery in
auto dealers' stocks.
Nearly all industry groups increased
their plant and equipment outlays,
Financial markets
which rose by an annual rate of
Since the discount rate was increased $3K billion, or 8 percent, from the
from 3% to 4 percent in November, third quarter of last year to the first
short-term market rates have advanced quarter of this year. The rises were
one-third of a percentage point. Mar- particularly marked in the railroad and
ket yields on longer term securities, manufacturing groups, where outlays
reported interest charges on bank loans were up 16 and 11 percent respectively.
Increased business activity was reto business, and yields on FHA and
flected
in an accelerated growth of
conventional first mortgages have
trade
and
consumer credit. Both deshown little change over this period.
velopments
also contributed to corThe failure of short-term market
porate
financing
needs.
rates to advance as much as bank borrowing"costs and the stability in other Internal funds rise
lending rates stemmed in large part
The sharp spurt in corporate profits
from the efforts of the Federal Reserve from the fourth to the first quarter, a
to make credit readily available while decline in corporate tax rates, and a
putting only moderate pressure on bank continued growth in capital consumpreserves.
tion allowances all contributed to the
The stock market showed substantial largest rise in internal funds recorded
strength over this period. The Stand- for any quarter. However, the $4^
ard and Poor's Industrial Stock Price billion advance was substantially below
index rose about 4 percent from
September to March, and the volume
of trading averaged 5 million shares
CHART 7
a day over this period. Security credit
Corporate Fixed Investment
moved up on a seasonally adjusted
and Internal Funds
basis, and odd-lot and mutual fund
Billion
$
purchases also rose.
50 ;
carriers stepped up their investments
in mortgages and corporate stocks
and reduced their lending to foreigners.
The sale of open-end investment company shares rose to a level comparable
with the previous record attained in
mid-1962. Practically all of these funds
were invested in corporate stocks.
Corporate Finance
ISSUES;
but yields on long-term bonds have been more
stable
> -;; ••"••;
-
;-•,-
-- i ; -,'',.; „ ' ; -"-,
•;'-',;, •
•*,. , - , , : • - ' ; " ,'• ,••.-:, • ,
; :/'---:;^:$j^
I: ;^^
, <::'f:
^
•';,;•
:
1960
61
62
U,S. TREASURV TAXABLE
YIELD:;-
63
64
65
Data:Treas.,FHA,Moody's&FRB
U.S. Department of Commerce, Office of Business Economics
770-264 O - 65 - 2
65-5-6
Corporate investment rose substantially during the past 6 months. In
fact, the rise in investment in plant and
equipment and inventories was so large
that it outstripped a near-record rise in
internal funds. With holdings of liquid
assets little changed, the resultant need
for external financing was met primarily
by a sharp rise in borrowing from banks.
Investment up sharply
Total nonfarm business inventories—
the bulk of which are held by corporations—increased by over $6 billion at
annual rates in each of the past two
quarters, as compared with a net
accumulation of $2% billion in the
third quarter of last year. In the
fourth quarter, the rise in inventories
30
:>"*
20
1960
61
62
63
64
65
Quarterly, Seasonally Adjusted At Annual Rate
* Undistributed profits, depreciation, and accidental damage
U.S. Department of Commerce, Office of Business Economics
Data: SEC & QBE
65-5-7
10
the increase in investment fund requirements over the past two quarters.
After fluctuating in the $57 billion$58 billion range during the last three
quarters of 1964, corporate profits
Table 5.—Persons' Financial Asset Accumulation and Debt Operation, 1960-64 l
[Billions of dollars]
1960 1961 1962 1963 1964
Financial asset accumulation. __ 20.1 29.1 37.9
Life insurance and pension
reserves
9.2 10.2 10.8
Insurance reserves
4.2 4.4 5.0
Pension reserves _
5.0 5.8 5.8
Other financial assets
Fixed- value claims _- __
Currency and demand
deposits
Time and savings deposits at banks
. Savings and loan and
credit union shares
U.S. savings bonds,
series A thru K
Marketable securities
U.S. Government
State and local government
Corporate and other
securities
Retirement of amortized
debt .
Nonfarm residential mortgages .
__
Consumer installment
credit
New borrowing 2
Residential and business
(table 3)
Consumer and security
credit
Net increase in debt
Residential and business
Consumer and security
credit
Financial asset accumulation
less increase in debt
41.1 46.3
11.2 12.3
4.8 5.4
6.4 6.9
10.9 18.9 27.1 29.8 34.3
10.8 18.8 28.4 30.5 30.0
-2.2 -.2
3.1
6.6
During the economic expansion of
the past 4 years, the volume of internal
funds has generally been substantially
above corporate plant and equipment
outlays. The external financing required by corporations other than the
highly leveraged utility and real estate
firms has thus been limited. During
the recent period, by way of contrast,
there has been a spurt in corporate
Table 7.—Public and Private Debt, End of Calendar Year, 1960-64 1 2
9.4 10.0 11.8 11.3
[Billions of dollars]
-.2 .8 .4 1.2
.1 .1 -1.3 -.7
.6 .5
-2.7 -1.5
1.7
1.1
1.1
.3
1.5
.9
4.3
3.0
G ross debt
Net del)t
2.1
1962
1963
1964
1960
1961
1962
1963
1964
1960
1961
890.2
947.8 1, 019. 5 1, 095. 7 1, 171. 7 1, 037. 2 1, 100. 5 1, 178. 9 1, 262. 9 1, 346. 4
.5 -2.2 -2.8 -.8
Total public and private debt—
55.2 57.8 61.7 67.3 73.8
9.2 10.1 11.1 12.2 13.4
46.0 47.7 50.6 55.1 60.4
77.8 80.2 94.7 105.8 113.2
27.4 30.0 37.9 43.5 46.0
50.4 50.2 56.8 62.3 67.1
22.6 22.4 32.9 38.5 39.4
18.2 19.9 26.8 31.3 32.6
4.5
2.5
6.1
7.2
6.7
-2.6
6.7
4.9
2.6
7.0
36.8 35.6 39.2 41.0 42.2
27.4 30.0 37.9 43.5 46.0
16.5 16.8 17.4 18.1 19.2
75.3 87.0 99.6 108.4 120.1
Equals: Personal saving. __ __ 21.7 27.3 27.8 27.5 32.5
}
>
\ 116.0 124.4 139.9 151.4 164.9
* Estimates for 1946-57 period may be found on p. 20 of the
April 1961 Survey, for 1958 on p. 15 of May 1963 Survey, and
for 1959 on p. 16 of the May 1964 Survey.
Sources: Board of Governors of the Federal Reserve
System, Securities and Exchange Commission, and U.S.
Department of Commerce, Office of Business Economics.
Bank borrowing up
8.2
Less: Consumption borrowing- 50.4 50.2 56.8 62.3 67.1
Statistical discrepancy. __ -3.9 -1.8 -1.1 -2.1 -2.5
Total sources of funds
Total uses of funds less discrepancy __ __ _
rise in capital consumption allowances
brought internal funds to $50% billion,
$5 billion above the average for the last
three quarters of 1964.
7.5
1960 1961 1962 1963 1964
Plus: Financial assets and
debt retirement __
(including banks and insurance companies) spurted to $62K billion during
the first quarter as output increased by
$14 billion. The second stage of the
1964 tax cut—a 2 percentage point drop
in the top corporate tax rate—became
effective in the first quarter. The
associated $1% billion fall in tax liabilities held the first quarter rise in corporate taxes to $1% billion, and
roughly $4% billion of the rise in bef oretax profits was carried down to aftertax profits. With dividend payments
up one-third of a billion dollars, corporate
undistributed profits rose $4% billion
or 36 percent. A one-half billion dollar
8.8 14.9 10.9 10.3
Table 6.—Personal Saving and Investment
and Related Financial Flows, 1960-64 l
[Billions of Dollars]
Less: Associated borrowing
Capital consumption
allowances-. _
May 1965
5.0
1 Estimates for the 1946-57 period may be found on p. 17
of the April 1961 Survey, for 1958 on p. 14 of the May 1963
Survey,
and for 1959 on p. 15 of the May 1964 Survey.
2
Gross of retirements.
Sources: Securities and Exchange Commission, Federal
Home Loan Bank Board, Board of Governors of the Federal
Reserve System, and U.S. Department of Commerce, Office
of Business Economics.
Investment in housing and
noncorporate business
SURVEY OF CURRENT BUSINESS
Total public debt
329.5
340.5
352.4
389.2
402.7
421.0
434.3
448.5
248.1
241.8
64
255.8
248.1
77
261.0
251.6
95
267.2
257.5
9.7
322.1
290.2
31.8
330.2
296.2
34.0
340.1
303.5
36.6
347.6
309.3
38.2
356.3
317.9
38.3
60 0
14 5
45.6
65 0
16 2
48.8
73 7
18 2
55.5
79 5
19.9
59.6
85 2
21.6
63.6
67 1
18.1
49.0
72.5
20.0
52.5
80.9
21.9
59.0
86.7
23.4
63.3
92.2
25.0
67.2
589.2
634.7
690.0
755.2
819.4
648.0
697.8
757.9
828.6
897.9
302 8 324 4
139.1 149.5
163.6 175.0
89.7 96.0
74.0 78.9
348 4
161.4
187.0
103.3
83 7
376.2
174.5
201. 7
112.6
89.1
401.7
188.0
213.7
119.6
94.1
361.6
168. 0
193.6
107.6
86.0
387.5
180.5
207.0
115.2
91.8
416.3
195.0
221. 3
124.0
97.4
449.7
211.0
238.7
135.1
103.5
480.3
227.4
252.9
143.5
109.4
11 9
9.8
21
.5
1.6
11 7
9.7
20
.5
1.5
11.9
9.7
2.2
.5
1.6
11.9
9.7
2.3
.5
1.7
13.4
11.1
2.2
.6
1.6
13.2
10.9
2.3
.6
1.7
13.1
10.8
2.3
.6
1.7
13.3
10.8
2.4
.6
1.8
13.4
10.8
2.5
.6
1.9
290.9 312.6
129.2 139.7
161.7 172 9
89.1 95.5
72 5 77 4
336.7
151.7
185 0
102.8
82 2
364.4
164.9
199.5
112.1
87.4
389.8
178.4
211.4
119.0
92.4
348.2
156.9
191.3
106.9
84.4
374.3
169.6
204.6
114.6
90.0
403.2
184.2
219.0
123.4
95.6
436.4
200.2
236.2
134.5
101.7
466.9
216.5
250.4
142.9
107.5
286 4
310 3
341 6
379 0
417.6
286.4
310.3
341.6
379.0
417.6
25 1
12.8
12.3
27 5
13.9
13 6
30 2
15.2
15.0
33.2
16.8
16.4
35.7
18.8
16.8
25.1
12.8
12.3
27.5
13.9
13.6
30.2
15.2
15.0
33.2
16.8
16.4
35.7
18.8
16.8
261.4
174.5
134 2
282.8
190.4
145 1
311.4
210.6
157 2
345.8
234.0
171.5
382.0
259.3
187.0
261.4
174.5
134.2
282.8
190.4
145. 1
311.4
210.6
157.2
345.8
234.0
171.5
382.0
259.3
187.0
40.2
45.3
53.4
62.4
72.4
40.2
45.3
53.4
62.4
72.4
86.9
16.6
14.2
56.0
92.4
17.9
16.9
57.7
100.8
19.3
18.3
63.2
111.9
21.2
20.8
69.9
122.7
24.7
21.1
76.8
86.9
16.6
14.2
56.0
92.4
17.9
16.9
57.7
100.8
19.3
18.3
63.2
111.9
21.2
20.8
69.9
122.7
24.7
21.1
76.8
_._ 301.0 313.1
Federal Government and agency 3 4 5. 241.0
Federal Government __
235. 2
Federal agency
5.8
State and local governments 6
State governments
Local governments
Total private debt
__
_
Total, all corporations
Long-term ?
_ _ _
Short-term 7__
Notes and accounts payable
Other
Railway corporations j
11.9
Long-term
9.9
Short-term
2.0
Notes and accounts payable. _
.6
Other
1.4
Nonrailway corporations
Long-term 77
Short-term
Notes and accounts payable. _
Other
Total individual and noncorporate
debt
Farm, total 8
Farm mortgage.
Farm production
Nonfarm total
Mortgage
1-4 family residential
Multifamily residential and
commercial
Other nonfarm 9
Commercial _
Financial 10
Consumer
_ ..
1. Data for State and local governments are for June 30 of each year.
2. Estimates for the period 1916 through 1956 appear in the July 1960 Survey: data for 1957 may be found on p. 19 of the
May 1962 Survey, for 1958 on p. 16 of the May 1963 Survey, and for 1959 on p. 17 of the May 1964 Survey.
3. Includes categories of debt not subject to the statutory debt limit.
Federal i „
thus equals
.......
„ „
„ . ^ .. ..
5. Details of Federal obligations may be found in the Treasury Bulletin.
6. Includes State loans to local units.
7. Long-term debt is defined as having an original maturity of 1 year or more from date of issue; short-term debt as
having an original maturity of less than 1 year.
8. Comprises debt of farmers and farm cooperatives to institutional lenders and Federal Government lending agencies,
and farm mortgage debt owed to individuals and others; farmers' financial and consumer debt is included under the "nonfarm" category.
9. Comprises debt incurrred for commercial (nonfarm), financial, and consumer purposes, including debt owed by
farmers for financial and consumer purposes.
10. Comprises debt owed to banks for purchasing or carrying securities, customers' debt to brokers, and debt owed to
life insurance companies by policyholders.
Sources: U.S. Department of the Treasury; Board of Governors of the Federal Reserve System; Federal Home Loan
Bank Board; U.S. Department of Commerce, Bureau of the Census, and Office of Business Economics.
SURVEY OF CURRENT BUSINESS
May 1965
external financing as fixed and working
capital needs have risen faster than
internally generated funds.
The bulk of this increased financing
took the form of a sharp expansion in
bank loans. Bank lending to businesses (including noncorporate enterprises) during the first quarter was
nearly 2% times the pace set during the
third and fourth quarters and about
equaled the record rate of early 1956.
Other types of external financing—
stocks, bonds, and mortgages—showed
little apparent increase on an overall
basis in the first quarter. A slight rise
in stock and bond flotations was offset
by a moderate decline in corporate
mortgage borrowing.
CHART 8
Increases in Mortgage Borrowing
Total borrowing has been
high in recent years . . .
Billion $
40
- v,
--,
v- - •:• T • -<• ,
'-
', HET fNCfKt IN I0lm
: ••'
. -"
».
OIBT
30 ;
Despite the increase in investment
requirements in the first quarter, corporations generally maintained the volume of liquid assets that they had
accumulated. Earlier, when corporate
investment rose above internal funds,
companies often drew down their liquid
assets to finance fixed and working
capital outlays. With increased interest yields available on short-dated time
certificates of deposit and on Treasury
bills, there was some buildup in these
forms of corporate liquid assets and
some decline in holdings of demand
deposits.
Consumer Finance
Financing in the consumer sector
exhibited a marked diversity in movement over the past 6 months. Total
borrowing was stable from the third
quarter of last year to the first quarter
of the current year, as a sharp expansion
in consumer credit extensions was offset
by a decline in mortgage borrowing.
Over the same period, consumers
stepped up their participation in the
stock market and reduced the pace at
which they acquired liquid assets.
Installment debt up sharply
1946
51
56
In the first quarter of 1965, consumers
increased their purchases of autos and
other consumer durables by $5% billion
over the strike-affected fourth quarter
of last year, and by $3 billion over the
third quarter. A $1 billion rise in
clothing purchases also contributed to an
increased demand for consumer installment and charge account accommodation.
Installment credit extensions in the
first quarter, at an annual rate of
$71% billion, were up $5% billion from
the average recorded for the third and
fourth quarters. The rise in auto
credit extensions was particularly sharp,
but the expansion in extensions of credit
secured by other consumer goods was
also large. In addition, seasonal decline in charge account and other noninstallment credit was less than normal.
61
with apartment and commercial
financing up sharply. . .
30
NET INCREASE IN MULTIFAMILY RESIDENTIAL AND
COMMERCIAL MORTGAGE DEBT
20
10
jia
and home financing continuing strong
30
NET INCREASE IN 1- TO 4-FAMILY MORTGAGE DEBT
20
Home financing off
10
iinlll
1946
51
56
61
65
Data:FHLBB&OBE
U.S. Department of Commerce, Office of Business Economics
65-5-8
With single family residential construction showing little substantial
change over the period under review,
there was a reduction in the volume of
financing of new and used homes. As
11
noted earlier, savings and loan associations cut back their activity in home
mortgage lending, while mutual savings
banks and life insurance carriers stepped
up their operations. With mortgage
financing declining relative to home
sales, there was apparently a decline in
the volume of mortgage credit extended to finance nonhousing purchases.
Liquid assets off, securities up
Over the past 6 months, consumers
apparently increased their security purchases and cut back the rate at which
they acquired liquid assets. Consumers
added less to their liquid asset holdings
in the fourth quarter of last year than
they had in the third quarter. There
was a moderate rise in acquisitions
from the fourth to the first quarter, but
total net acquisitions failed to match
the third quarter rate.
The past two quarters also saw a
considerable shift to time deposits at
commercial banks and reductions in
the amounts added to holdings of
savings and loan shares and demand
deposits. In large part, this shift re* fleeted the rise in interest rates paid by
Table 8.—Total Nonfarm Mortgage Debt
by Borrowing and Lending Groups, by
Type of Property 1
[Billions of dollars]
1960 1961 1962 1963
Total nonfarm residential and
commercial mortgages
1964
194.0 212.4 236.4 264.0 292.5
Corporate borrowers 2
_ 19.5 22.0 25.8 30.0 33.1
Noncorporate borrowers
174.5 190.4 210.6 234.0 259.4
1-4 Family residential mortgage debt
Savings and loan associations
Life insurance carriers
Mutual savings banks
Commercial banks
Federal National Mortgage Association
Individuals and others 3
141.3 153.1 166.5 182.2 197.7
55.4 62.4 69.8 79.4 87.1
24.9 25.8 26.4 27.3 28.7
18.4 20.0 22.1 24.7 27.4
19.2 20.0 22.1 24.9 27.2
5.5 5.4 5.2 4.0 3.8
17.9 19.4 20.9 21.9 23.4
Multifamily residential
and
commercial 4
52.7 59.3 70.0 81.8 94.9
Savings and loan associations
__
4.7 6.4 9.0 11.6 14.2
Life insurance carriers
13.9 15.3 17.1 19.4 22.1
Mutual savings banks
8.5 9.1 10.1 11.5 13.1
Commercial banks
__ 7.9 8.7 10.3 12.2 14.1
Federal National Mortgage Association
.6 .7 .7 .7 .6
17.1 19.2 22.7 26.5 30.7
Individuals and others
1
Data for 1929-44 may be found on p. 18 of the September
1953 Survey, and for the 1945-56 period on p. 22 of the May
1957 Survey; estimates for 1957 are on p. 20 of the May 1962
Survey, for 1958 on p. 17 of the May 1963 Survey, and for 1959
on2 p. 18 of the May 1964 Survey.
The corporate mortgage debt total is included in the
total
corporate long-term debt outstanding (table 2).
3
Includes
portfolio loans of the Veterans Administration.
4
The data represent mortgage loans on commercial and
residential property, excluding multifamily residential and
commercial property mortgage debt owed by corporations
to other nonfinancial corporations.
Sources: U.S. Department of Agriculture, Agricultural
Research Service; Board of Governors of the Federal Reserve System; Federal Home Loan Bank Board; and U.S.
Department of Commerce, Office of Business Economics.
12
SURVEY OF CURRENT BUSINESS
commercial banks relative to those of
other investment media. A similar
sharp increase in consumer acquisition
of commercial bank time deposits followed the last increase in interest rates,
which occurred in early 1962.
As stocks rose to new peaks, there
were indications of marked increases
in individual participation in the securities markets. Purchases of odd lots
and of mutual fund shares—indices of
small investor activity—both registered
large increases in the fourth and first
quarters.
Government Finance
A pronounced shift in the Federal
Government's budgetary position has
been evident over the past half year:
the deficit on income and product account which had been about $5 billion
(annual rate) during the third and
fourth quarters of last year was almost
eliminated in the first quarter of this
year.
The narrowing in the deficit reflected
principally a marked rise in Federal
Government receipts; there was little
change in Federal Government , expenditures. The improvement in receipts was a result of the rapid growth
in the economy, which in turn stemmed
partly from the expansionary fiscal
policy embodied in the Internal Revenue Act of 1964. Other factors that
helped to accentuate the rise in receipts
were the larger-than-normal final settlements on 1964 individual income taxes
and the sharp rise in automobile production and profits.
Following the sharp cuts in income
taxes early last year, the national accounts deficit reached a pea,k of nearly
$8 billion by the spring quarter. During the subsequent business expansion,
tax -revenues mounted steadily and the
administration was able to hold the
line on total expenditures.
The narrowing of the Government
deficit was not fully matched by a reduction in borrowing. Total net bor-
May 1965
rowing during the first quarter was of change, but it appears that the imdown moderately on a seasonally ad- provement in inventories relative to
justed basis, but the decline was less sales began after last summer.
than the drop in the deficit would
Seasonally adjusted figures for starts
indicate.
are not available by type of structure.
During the past 6 months, the However, seasonally adjusted permits
Federal Government issued somewhat for all private single-family units
more short-term securities than earlier showed small advances in the fourth
in order to nudge up short-term interest quarter of 1964 and the first quarter of
rates relative to long-term yields. This this year. The figure for the first
financing fostered the dual purpose of quarter of 1965 was about the same as
helping the balance of payments and the average for all of 1964.
keeping domestic credit readily avail- Near-term prospects
able.
It is not clear at the present time
State and local governments conwhether the first quarter pickup in
tinued to be substantial borrowers in
housing activity represents the beginthe capital markets. Municipal issues
ning of a new upward movement or a
in the first quarter were up 3 percent
temporary interruption of last year's
over the third quarter level, as local
moderate decline. Although incomes
governments continued to meet exare high and should rise further through
panded demands for schools, highthe year and although mortgage funds
ways, and other community facilities.
are in ample supply, the existence of
State and local governments continued
high vacancy rates in some important
to invest the proceeds of these borrowareas is a dampening factor.
ings temporarily until the funds are
On the basis of the recent pickup in
needed to pay bills. These increased
permits, there is reason to think that
bond funds, together with the surpluses
the greater part of the sharp decline in
of State and local retirement funds,
multifamily housing activity is now
were apparently invested to a great
over. Builders of single-family homes
extent in commercial bank time deposits
seem to be in a somewhat better inand in U.S. Government securities.
ventory position now than they were
a year ago. However, the market for
Recent Housing Activity
single-family homes continues to be
(Continued from page 4)
sluggish, mainly because the number of
The entire decline was in starts intended households in home-buying age brackets
for sale by merchant builders; custom- has been quite stable.
Both builders and home purchasers
built home starts were unchanged from
are having little difficulty in obtaining
the total a year earlier.
From the spring of 1963 through the mortgage funds at comparatively stable
first quarter of 1964, merchant builders rates. In the first quarter of 1965,
started more single-family units than mortgage rates on FHA-insured new
the market could absorb at current single-family homes averaged 5.45 perprices. By last spring, the stock of cent, unchanged from 1963 and 1964.
unsold new homes had become rather The trend was essentially the same for
high, and as a result, builders cut back conventional home mortgages. Alon starts of new units intended for sale. though short-term interest rates have
However, sales held up, and with starts moved up this year, rates on long-term
being reduced, inventories of completed corporate and Government bonds have
homes were pared down. The absence changed comparatively little, as is
of seasonal factors makes it difficult to pointed out in the article on financial
be precise about the timing and extent developments.
by NORMAN FRUMKEV
Construction Activity in the 1958 Input-Output Study
JL HIS is the second in a series of
articles on the 1958 input-output
study. The first article, which appeared in the November 1964 SURVEY
OF CURRENT BUSINESS, presented the
concepts, uses, and basic data of the
study. Succeeding articles, such as this
one on construction, will examine special aspects of the study more intensively.
The first part of this article is a
presentation of data showing the industrial origin of materials and services
used in several individual types of new
construction and of maintenance and
repair construction—for example, housing, schools, utilities, and highways.
It may be recalled that the earlier inputoutput article provided data for only
two broad categories of construction:
total new and total maintenance and
repair construction. The second part
is an examination of the change from
1947 to 1958 1 in the materials and
services used in new and maintenance
and repair construction. Three components of change are analyzed: shifts
in the relative importance of individual
types of construction, differential price
movements of goods and services, and
a residual category of all other factors.
Definitions and sources of the construction statistics are given in the
appendix.
Treatment of construction in
1958
the
input-output table
The 1958 input-output table represents the flows of goods and services
among the individual industries of the
economy and to final users on a basis
that is conceptually and statistically
1
The 1947 inputs for construction are derived from the
1947 input-output study prepared by the Bureau of Labor
Statistics of the U.S. Department of Labor. David I.
Siskind, currently with the Bureau of the Census, developed
the estimates of the goods and services used in construction
for the 1947 study.
NOTE.—Elizabeth G. Rhodes carried out the statistical
computations necessary for estimating the goods and services used in construction.
consistent with the national income and
product accounts. Each industry is
presented in the table as a column
and a row. Reading down the column,
one may see an industry's consumption
of goods and services from the various
industries and its value added (compensation of employees, proprietors'
income, corporate profits, net interest,
capital consumption allowances, and
indirect business taxes). Reading
across the row shows the distribution
of an industry's output to the various
industries and to final demand (personal
consumption expenditures, gross private fixed capital formation, net inventory change, Government purchases
of goods and services, and gross exports) . Since the sum of an industry's
inputs (goods and services consumed
and value added) is equivalent to
the sum of its outputs, the total of
the column equals the total of the row
for each industry.
The measures of new and maintenance and repair construction covered in this article comprise all expenditures for construction, private
and public, in the economy. They
include all construction activity regardless of who performed the work.
Thus, construction work done by contractors, by employees of Government
agencies and nonconstruction firms,
and by households on a do-it-yourself
basis are all included.
The value of all new construction is
distributed exclusively to final markets.
New private construction is included
in gross private fixed capital formation, and new public construction is
a component of Government purchases.
Maintenance and repair construction
is, on the other hand, treated mainly
like any other business expense required
for current production. Consequently,
maintenance and repair construction is
represented as distributing its output
primarily to the various Industries including Government enterprises. However, maintenance and repair construction performed or contracted by general
Government is shown as Government
purchases and is thus a component of
final demand.2
Importance of construction in the
economy
The importance of construction is
well known. In 1964 the total value of
new and maintenance and repair construction was $89 billion. New construction accounted for $69 billion or
11 percent of the gross national product.
Smce 1950, new construction, in
current and constant dollars, has risen
at approximately the same rate as the
gross national product, while maintenance and repair construction has expanded at a somewhat lower rate. In
1964, the private share of total new
construction was 71 percent, a proportion that has remained relatively constant since the early 1950's. Private
expenditures accounted for the major
part of total maintenance and repair
construction in 1964.3
The number of persons engaged in all
construction activity in 1964 was approximately 5 million. Of this total,
3.1 million were in the contract con2
In the national accounts framework, Government enterprises comprise the public functions that cover over half of
their current operating costs by the sale of goods and services
to the general public, and Government purchases refer to
general Government operations that are financed by general
revenues. Therefore, public maintenance and repair construction for sewer and water facilities and for highway toll
roads is allocated to Government enterprises, while that for
military facilities and freeways is allocated to general
Government.
3 Because of statistical limitations, trends in the private
and public components of maintenance and repair construction cannot be determined. The 1964 level of maintenance
and repair construction had to be estimated for this article
since 1961 is the latest year for which data have been published. (See Construction Review, U.S. Department of
Commerce, October 1963.) It should be noted that a significant part of the value of maintenance and repair construction
is estimated by means of a variety of procedures that are quite
indirect.
13
14
SUEVEY OF CUEEENT BUSINESS
struction industry.4 In recent years,
employment in contract construction
has been just under 3 million; 1964 was
the first year it exceeded this level.
This recent strength in employment has
reflected an expansion in the volume of
May 1965
construction activity. The rise has
more than offset the reduced need for
construction labor attributable to the
growing use by contractors of laborsaving equipment and of materials prefabricated in manufacturing industries.
table permits the systematic estimation
of these direct and indirect demands and
thus the calculation of the total output
from each industry in the economy
required by a given level of construction
activity.5
The widespread impact of construction activity is indicated in table 1 and
charts 9 and 10. Table 1 shows for each
industry the percent of its output
requirements, and all other items are attributable to construction in terms
indirect requirements generated by con- of direct requirements, indirect requirestruction activity. The input-output ments, and the sum of the two, or total
Industrial Impact of Construction Activity
CONSTEUCTION activity
affects
many industries because of its direct
and indirect requirements for a wide
variety of products and services.
Lumber, glass, concrete, structural
steel, pipe, wire and cable, building
paper and board, gypsum products,
heating, plumbing, and structural metal
products, lighting fixtures, paint, landscaping sod and shrubs, architectural
and engineering services, and equipment
rentals and repairs are among the major
items directly required in construction
activity. In addition, numerous raw
materials, semifinished goods, containers, supplies, and services are required to produce the goods and services
(inputs) used directly in construction.
For example, structural metal products (industry 40) are fabricated from
steel mill shapes (industry 37), which in
turn are processed from iron (industry
5) and coal (industry 7). The output
of structural metal products, steel mill
shapes, iron, and coal requires still other
inputs, such as chemicals, electric
power, fuels, containers, office supplies,
freight, warehousing, and telephone
communications. The production of
these items, in turn, uses still other
inputs, and so the chain continues,
resulting in the total output of the many
materials and services necessary to
produce the structural metal products
used in construction. In this example,
the structural metal products are direct
4
The estimate of employment for the contract construction
industry was based on employment series of the Bureau of
Labor Statistics. The balance was developed in connection
with the input-output data. The latter included estimates
for self-employed contractors, force account construction employees of Government agencies and nonconstruction firms,
speculative builders who do not work on contract, and employees of manufacturing companies who install construction-type equipment such "as elevators.
s The direct and total requirements data refer to the consumption of items associated with construction during a
1-year period. The supply may have come from domestic
production, imports, or inventories carried over from the
previous year. All data are in values rather than physical
units. Thus, lumber requirements are expressed in 1958
dollars, not board feet.
CHART 9
Importance of New Construction in
Generating Output in Selected Industries, 1958
Percent of Total Output
30
40
30
40
INDUSTRY NUMBER & TITLE
40. Heating, Plumbing & Structural
Metal Products
36. Stone & Clay Products
9. Stone & Clay Mining & Quarrying
20. Lumber & Wood Products,
Except Containers
55. Electric Lighting & Wiring
Equipment
37. Primary Iron & Steel
Manufacturing
38. Primary Nonferrous Metal
Manufacturing
42. Other Fabricated Metal Products
30. Paints & Allied Products
73. Business Services
24- Paper & Allied Products,
Except Containers
31. Petroleum Refining & Related
Industries
35. Glass & Glass Products
10
20
Percent of Total Output
U.S. Department of Commerce, Office of Business Economics
May 1965
15
SUEVEY OF CUKEENT BUSINESS
Table 1.—Total, Direct, and Indirect Output Attributable to New Construction and Maintenance and Repair Construction, 1958
[Percent]
Producing industry
Related SIC codes (1957 edition)
New and maintenance and
repair construction
Total
1.
2
3.
4
5.
Livestock and livestock products
Other agricultural products _
_
Forestry and fishery products
Agricultural forestry and fishery services
Iron and ferroalloy ores mining
013, pt. 014, 0193, pt. 02, pt. 0729—
Oil, 012, pt 014, 0192, 0199 pt 02
074, 081, 082, 084, 086, 091
071, 0723 pt 0729 085 098
1011, 106 — '
'
1.3
3.2
36.7
3.9
32. 9
6
7.
8.
9.
10.
Nonferrous metal ores mining
Coal mining
- Crude petroleum and natural gas
Stone and clay mining and quarrying
Chemical and fertilizer mineral mining
102 103 104 105 108 109
11, 12
_
'
'
1311, 1321
141, 142, 144, 145, 148, 14~9
147
26.3
14.2
12.5
73.4
15.4
13.
14.
15.
16.
17.
Ordnance and accessories
Food and kindred products _ _ _ _ _
Tobacco manufactures
__ __ _
Broad and narrow fabrics, yarn and thread mills
Miscellaneous textile goods and floor coverings ...
19
20
21
221,222,223,224,226,228
227,229
18. Apparel
19. Miscellaneous fabricated textile products
20. Lumber and wood products, except containers21. Wooden containers.. _ _ _
22. Household furniture _ _ _
225 23 (exc 239) 3992
239
24 (exc. 244)
244
251
Direct
Indirect
Maintenance and repair
construction
New construction
Total
Direct
Indirect
Total
Direct
Indirect
1.3
2.2
36.7
3.9
32.9
1.1
2.9
32.4
3.4
28.5
0
1.0
0
0
0
1.1
1.9
32.4
3.4
28.5
0.2
.3
4.3
.5
4.4
46.6
0
26.3
14.2
12.5
26.8
15.4
21.2
12.2
9.6
61.8
11.8
0
(*)
(*)
38.5
0
21.2
12.2
9.6
23.3
11.8
5.1
2.0
2.9
11.6
3.6
.8
.9
.5
2.0
4.9
.1
(*)
0
0
.2
.7
.9
.5
2.0
4.7
.7
.7
.4
1.7
4.2
c*)'0 1
0
.2
.6
.7
.4
1.7
4.0
.1
.2
.1
.3
.7
.4
1.9
66.0
12.4
10.3
0
(*)
43.9
0
9.0
.4
1.9
22.1
12.4
1.3
.3
1.6
58.4
10.6
10. I
0
(*)
38.9
0
9.0
.3
1.6
19.5
10.6
1.1
.1
.3
7.6
1.8
.2
0
(*)
5.0
0
0
.1
.3
2.6
1.8
.2
0
1.0
0
0
0
0
(*)
0
0
0
0
0
0.2
.3
4.3
.5
4.4
0
0
0
8.1
0
5.1
2.0
2.9
3.5
3.6
0
0
0
0
(*)
.1
.2
.1
.3
.7
23.
24.
25.
26.
27.
Other furniture and fixtures
25 (exc 251)
Paper and allied products, except containers
26 (exc 265)
Paperboard containers and boxes
_ __ 265
Printing and publishing
_ _ _ 27
Chemicals and selected chemical products
28 (exc. alumina pt. of 2819), 286,
287, 289.
16.6
14.4
10.2
10.9
15.9
14.8
3.7
0
.1
3.6
1.8
10.7
10.2
10.8
12.3
15.3
12.1
8.3
9.9
11.4
13.7
3.1
0
.1
3.0
1.6
9.0
8.3
9.8
8.4
1.3
2.3
1.9
1.0
4.5
1.1
.6
0
(*)
.6
.2
1.7
1.9
1.0
3.9
28.
29.
30.
31.
32.
Plastics and synthetic materials
_
_ _ 282
Drugs, cleaning, and toilet preparations— _ _ _ _ . 283, 284
Paints and allied products
285
Petroleum refining and related industries. _
29 .
Rubber and miscellaneous plastics products. _.
30
13.4
2.5
66.0
13.2
12.6
0
0
57.4
7.6
5.5
13.4
2.5
8.6
5.6
7.1
9.1
1.9
17.7
10.1
10.5
0
0
10.5
5.5
4.5
9.1
1.9
7.2
4.6
6.0
4.3
.6
48.3
3.1
2.1
0
0
46.9
2.1
1.0
4.3
.6
1.4
1.0
1.1
33.
34.
35.
36.
37.
Leather tanning and industrial leather products.
Footwear and other leather products
Glass and glass products
Stone and clay products . _
Primary iron and steel, manufacturing.
1.3
.4
14.5
75.2
34.4
0
(*)
7.6
60.9
12.9
1.3
.4
6,9
14.3
21.5
1.1
.3
9.7
66.0
30.0
0
(*)
3.9
53.7
11.5
1.1
.3
5.8
12.3
18.5
.2
.1
4.8
9.2
4.4
0
(*)
3.7
7.2
1.4
.2
.1
1.1
2.0
3.0
311,312
31 (exc. 311, 312)
321,322,323
324 325 326, 327 328 329
331 332, 3391 3399
38. Primary nonferrous metal manufacturing
__
11.4
20.4
25.6
8.6
17.0
6.2
2.8
3.4
Metal containers
_.. _
_ _ _
Heating, plumbing and structural metal products.. .
Stampings, screw machine products, and bolts
Other fabricated metal products
2819 (alumina only), 333, 334, 335,
336, 3392.
3411, 3491
343, 344..
345, 346
342 347 348 349 (exc 3491)
31.8
39.
40.
41.
42.
5.5
79.0
14.8
26.5
0
75.4
3.0
14.1
5.5
3.6
11.8
12.4
2.9
67.6
12.5
24.0
0
64.5
2.4
13.3
2.9
3.1
10.1
10.7
2.6
11.4
2.3
2.5
0
10.9
.6
.8
2.6
.5
1.7
1.7
43.
44.
45.
46.
47.
Engines and turbines _ _ _
Farm machinery and equipment
Construction, mining and oil field machinery
Materials handling machinery and equipment.
Metalworking machinery and equipment
351
352
3531, 3532, 3533
3534, 3535, 3536, 3537
354
5.6
2.9
12.0
28.8
7.2
.1
.1
6.2
23.6
(*)
5.5
2.8
5.8
5.2
7.2
4.9
2.6
10.5
27.4
6.2
.1
.1
5.5
22.8
(*)
4.8
2.5
5.0
4.6
6.2
.7
.3
1.5
1.4
1.0
<*)
0
.7
.8
(*)
.7
.3
.8
.6
1.0
48. Special industry machinery and equipment. _ _
49. General industrial machinery and equipment
50. Machine shop products
__ _ __
51. Office, computing and accounting machines
52. Service industry machines
355
356
359
357
358
4.2
15.5
10.3
5.0
14.9
0
7.8
.2
0
9.7
4.2
7.7
10.1
5.0
5.2
3.5
14.0
8.9
4.5
13.2
0
7,3
.2
0
8.7
3.5
6.7
8.7
4.5
4.5
.7
1.5
1.4
.5
1.7
0
.5
(*)
0
1.0
.7
1.0
1.4
.5
.7
53. Electric industrial equipment and apparatus
54. Household appliances
__ _ _ _
55. Electric lighting and wiring equipment
__
56. Radio, television and communication equipment
57.- Electronic components and accessories
__
361,362
363
364
365,366
367
17.3
10.0
47.1
2.3
3.8
9.7
7.4
40.0
1.0
.1
7.6
2.6
7.1
1.3
3.7
14.7
7.9
40.7
1.7
3.2
8.2
5.7
34.6
.6
.1
6.5
2.2
6.1
1.1
3.1
2.6
2,1
6.4
.6
.6
1.5
1.7
5.4
.4
(*)
1.1
.4
1.0
.2
.6
58. Miscellaneous electrical machinery, equipment and
supplies
_
_ _ 369
59. Motor vehicles and equipment
371
60. Aircraft and parts
_ _ _
372
61 . O ther transportation equipment
373, 374, 375, 379.______
62. Scientific and controlling instruments
381, 382, 384, 387
7.3
1.5
.8
3.9
10.0
1.2
(*)
0
.1
5.7
6.1
1.5
.8
3.8
4.3
6.1
1.3
.7
3.4
9.0
.9
(*)
0
.1
5.3
5.2
1.3
.7
3.3
3.7
1.2
.2
.1
.5
1.0
.3
(*)
0
0
.4
.9
.2
.1
.5
.6
63.
64.
65.
66.
3.8
6.2
14.2
6.7
(*)
2.4
6.2
1.4
3.8
3.8
8.0
5.3
3.4
4.8
12.0
5.7
(*)
1.5
5.3
1.2
3.4
3.3
6.7
4.5
.4
1.4
2.2
1.0
(*)
16.9
0
0
^
Optical, ophthalmic and photographic equipment. _ . 383,385,386
Miscellaneous manufacturing
39 (exc. 3992)
Transportation and warehousing
40, 41, 42, 44, 45, 46, 47
Communications; except radio and television broad-" 481, 482, 489
casting.
67. Radio and television broadcasting
483
68. Electric, gas, water, and sanitary services. _
69. Wholesale and retail trade...
70. Finance and insurance _
71. Real estate and rental ..
72. Hotels; personal and repair services, except automobile.
73. Business services
76. Amusements
77. Medical, educational, services, and non-profit organization.
78. Federal Government enterprises _
79. State and local government enterprises
80. Gross imports of goods and services . _
81. Business, travel, entertainment, and gifts
82. Office supplies
*Less than .05 percent.
_
.
.4
.5
1.3
.8
16.9
15.6
15.6
1.3
0
1.3
7.3
9.2
.8
6.6
6.5
2.6
6.1
7.4
.7
5.2
5.4
2.2
1.2
1.8
.1
1.4
1.1
.4
6.2
3.2
2.1
1.8
.4
0
4.4
2.8
2.1
5.3
2.6
1.8
1.6
.3
0
3.7
2.3
1.8
.9
.6
.3
.2
.1
0
.7
.5
.3
17.2
10.7
6.5
15.9
10.5
5.4
1.3
.2
1.1
.4
8.0
0
3.6
.4
4.4
.3
7.0
0
3.3
.3
3.7
.1
1.0
0
.3
.1
75
78 79
0722, 7361, 80, 82, 84, 86, 8921
2.1
.7
0
.3
2.1
.4
1.9
.6
0
.3
1.9
.3
.2
.1
0
(*)
.2
.1
8.2
8.2
9.6
14.7
10.0
0
.3
0
4.0
1.2
8.2
7.9
9.6
10.7
8.8
7.0
6.9
8.0
12.3
8.6
0
.3
0
3.4
1.0
7.0
6.6
8.0
8.9
7.6
1.2
1.3
1.6
2.4
1.4
(*)0
0
1.2
1.3
1.6
1.8
1.2
49
_ _
50 (exc. mfrs. sales offices ( 52, 53,
54, 55, 56, 57, 58, 59, pt. 7399.
60 61 62 63 64 66 67
65 (exc 6541 and pt 6561)
70, 72, 76, (exc. 7694 and 7699)
6541, 73 (exc. 7361, 7391 and pt.
7399), 7694, 7699, 81, 89 (exc.
8921).
74. Research and developemnt
75. Automobile repair and services..
.9
.9
.2
Source: U.S. Department of Commerce, Office of Business Economics.
.6
.2
.7
Table 2.—Direct Requirements Per Dollar of Selected Types of New Construction and Maintenance and
New construction
Residential bldgs. (nonfarm)
Producing industry
Total
new
cjonstructiom Total 2
1. Livestock and livestock products2. Other agricultural products
3. Forestry and fishery products
4. Agricultural, forestry, and fishery services.
5. Iron and ferroalloy ores mining
6. Nonferrous metal ores mining
7. Coalmining...
8. Crude petroleum and natural gas
9. Stone and clay mining and quarrying. _
10. Chemical and fertilizer mineral mining.
11. New construction
__._
12. Maintenance and repair construction...
13. Ordnance and accessories
14. Food and kindred products
15. Tobacco manufactures
16. Broad and narrow fabrics, yarn and
thread mills.
17. Miscellaneous textile goods and floor
coverings.
18 Apparel
19. Miscellaneous fabricated textile proiuc+s.
20. Lumber and wood products, except
containers.
21. Wooden containers
22. Household furniture _
23 Other furniture and fixtures
24. Paper and allied products, except containers.
25 Paperboard containers and boxes
26 Printing and publishing
27. Chemicals and selected chemical products
-_ _.'
-_
28 Plastics and synthetic materials
29. Drugs, cleaning, & toilet preparations..
30 Paints and allied products
31. Petroleum refining and related indus-.
32. Rubber & miscellaneous plastics prod..
33. Leather tanning & indus, leather prod..
34. Footwear and other leather products...
35 Glass and glass products
3 6 Stone a n d clay products
_ _ _
37. Primary irop and steel manufacturing _
38 Primary nonferrous metal mfg
-39 Metal containers
__
40. Heating, plumbing, and structural
metal products
_ __
41. Stampings, screw mach, prod., & bolts.
42 Other fabricated metal products
43 Engines and turbines _
44 Farm machinery and equipment
45. Construction, mining, and oil field
machinery
46. Materials handling mach. and equip. 47. Metalworking machinery and equipment
48. Special industry machinery and equipment _
. ..
49. General industrial machinery and
equipment
50 Machine shop products
51. Office, computing and account, mach52. Service industry machines-.. . . _
53. Electric indus. equip. & apparatus— 54 Household appliances
55. Electric lighting and wiring equipment
56. Radio, TV, and communication equip
57. Electronic components and accessories
58. Misc. electrical mach., equip. & sup_59 Motor vehicles and equipment
60 -A ircraft and parts
61. Other transportation equipment _ ._
62. Scientific and controlling instruments
63. Optical, ophthalmic, and photog. equip
64 Miscellaneous manufacturing
65. Transportation and warehousing
66. Communications; except radio and
televeision broadcasting.
67. Radio and television broadcasting. _.
68. Electric, gas, water, and sanitary serv
ices.
69 Wholesale and retail trade
70 Finance and insurance
71 Real estate and rental
72. Hotels; personal and repair services
except automobiles.
73. Business services.
- __
74. Research and development
. __
75. Automobile reoair and services
76. Amusements
_. _
77. Medical, educational services, and non
profit organizations.
78. Federal Government enterprises
79. State and local government enterprise
80. Gross imports of goods and services
81. Business travel, entertainment, and gift
82. Office supplies. .
U.M. Used materials
_ _
V.A. Value added
.
T. Total
_ _
P. Percent distribution, by type 4
1-4
family
Public
dwelling
units
Total 3
Offices
1
2
3
4
5
6
. 00452
. 00773
. 00412
. 00691
. 00091
. 00043
(*)
(*)
. 01193
. 00013
. 00010
. 00032
. 00007
. 00286
. 00326
. 00368
. 00265
. 00267
. 00014
.00014
. 00014
. 00015
. 00015
Railroads
and
local
transit
7
8
9
. 00121
. 00007
.00007
. 00007
°.ffln
0
. 00015
. 00016
0
.00015
.00700
.00155
. 00157
.00163
0
0
0
0
0
0
0
0
.00610
. 00661
.00596
. 00375
. 01882
. 01630
. 01462
. 01718
. 00594
. 00582
. 00627
. 00591
0
0
0
0
. 00001
..00001
. 00001
. 00001
. 00192
. 00131
. 00163
. 00151
.07793
. 08403
. 09216
.08467
. 02512
. 01948
. 02874
.04246
. 01385
. 01718
.01658
. 01033
0
0
0
0
. 00163
. 00254
. 00040
.00005
. 00237
. 00211
. 01003
. 00014
00015
. 00004
. 00008
. 00012
1
I
1
\
I
1
1
1
0
. 00003
. 00002
. 00485
. 00012
. 00234
. 00742
)
0
. 00434
. 03288
.00012
. 00014
1
1
. 00007
.00007
.00008
.00007
)
. 00880
0
. 00020
0
0
. 00004
0
0
. 00730
. 00265
0
0
. 00319
. 00157
0
0
. 00005
0
0
0
. 00054
. 00075
0
0
. 00072
. 00048
0
0
0
0
0
0
0
0
0
0
. 00004
0
. 00009
0
. 00013
0
. 00005
0
. 00013
0
. 00013
. 01021
. 00078
.00084
. 00061
. 00100
0
0
0
0
0
0
0
0
0
0
. 00072
.00404
. 00288
. 00204
. 00319
. 00525
. 01014
. 01071
. 00983
. 01419
. 00070
. 00941
. 00940
.01075
. 01183
0
0
0
0
0
. 00001 0
. 00001
.00001
. 00001
. 00058
. 00287
. 00317
. 00461
. 00249
. 01147
. 08612
. 08781
. 08689
. 08959
. 01647
. 01797
. 01880
.01593
. 01417
.A0810
. 00955
. 00958
. 01625
. 01131
0
0
0
0
0
. 01325
0
0
. 00040
. 01202
. 00156
0
. 00052
. 00804
. 37780
. 00028
0
. 05101
. 00245
. 00028
i 00351
0
0
0
0
0
0
0
0
. 00104
. 00052 0
. 00009
. 01270
. 00590
. 00507
. 01126
. 00084
. 00224
. 00278
.00219
0
0
0
0
.00001
. 00001
.00001
(*)
. 00044
. 00052
. 00051
. 00046
. 13147
. 01228
.01408
. 01109
. 21186
. 09163
. 12098
. 11349
. 01286
. 11651 0
. 07708
0
0
0
0
. 00334
0
0
.00082
. 01801
. 00231
0
. 00001
. 00052
. 22539
. 04725
. 00307
0
0
. 00016
.00015
15
0
0
. 03209
0
)
. 01191
. 01381
. 01650
1
.00630
14
13
12
. 00008
. 03270
.01352
. 00132
.00613
11
9 10
Oil and
gas well
Sewer
drilling Water
and
systems systems
exploration
0
0
. 00420
. 04189
. 00566
. 00390
. 00617
Telephone
and
telegraph
o
. 00007
. 00008
. 12903
0
. 01592
. 00170
.00628
Gas and Electric
light
petroand
leum
power
pipelines
.00077
>
1
)
.00007
.00007
. 00008
)
(*)
. 05464
0
. 00001
. 03423
. 00337
.01624
0
0
. 01367
. 01765
0
. 00016
0
.00016
. 00001
.02052
I
. 00016
. 00012
.00260
0
0
. 01035
0
0
0
0
.00016
.09906
. 00168
.01658
.00004
. 00005
.09882
. 00135
. 01973
.00004
0
.08097
. 00140
. 01835
.00004
0
. 14736
. 00112
. 01786
. 00004
0
. 14763
. 00294
. 01435
. 00004
0
. 13637
. 00574
. 01206
. 00005
0
.15759
. 00143
. 01566
. 00004
0
. 14824
. 00117
. 01768
.00004
0
. 03685
. 00117
. 00403
. 00001
0
. 01985
. 00249
. 06709
.00003
0
. 02945
.00082
. 01596
. 00004
0
. 04722
. 00270
.00119
.00001
0
. 00276
. 00100
. 00761
. 00004
0
.02087
.00031
. 01517
. 00004
0
.03095
. 00040
. 00643
.00004
0
. 00325
. 00477
. 00157
.00193
. 00165
0
. 00159
.01981
. 00172
.01385
.00179
. 01330
. 00162
. 00012
. 00173
.01352
.00043
0
. 00095
.00025
. 00134
. 00016
. 00051
. 01396
. 04014
0
.00137
. 00036
.00162
. 00005
.00002
.00002
0
0
.00002
.00002
0
0
. 00002
0
.00002
.01363
. 00521
. 00390
. 00825
. 00374
. 00005
.00005
. 00005
. 00005
. 00005
0
0
0
0
0
. 00374
. 00044
. 00044 0
• . 01333
. 01564
. 01006
. 00780
. 00809
. 00889
. 01641 0
.00392
.00962
. 00973
.02846
. 01005
. 00760
00874
. 01517
0
0
.00070 0
0
.00004 0
0
0
0
.00022
.00042
. 00021
. 00019
.00028
. 00003
. 00003
. 00002
. 00003
. 00003
0
0
0
0
0
. 00005
. 00005
.00005
. 00005
.00005
. 01072
. 00185
. 00192
. 00175
. 00365
(^
0
(*)
(*)
(*).00062
.00508
. 00062
. 00066
. 00160
. 02821
. 03494
.02860
. 03391
. 03448
. 00230
.00224
. 00217
. 00213
. 00207
. 00002
. 00002
.00001
(*)
. 00624
. 00829
. 00645
. 00005
. 00005
. 00005
0
0
0
. 00122
. 02900
. 00163
. 02628
. 01473
. 03756
0
0
0
. 03142
. 02826
.03337
0
0
0
0
0
0
. 00036
. 00035
.00041
. 00003
. 00003
. 00003
0
0
0
. 00005
. 00005
. 00005
. 01696
. 01180
. 01888
0
0
(*)
. 00052
. 00806
. 00020
. 02916
. 02751
.02631
. 00222
. 00229
. 00231
. 00002
.00001
.00002
.00002
. 00002
0
0
0
0
0
. 00035
. 00014
. 00001
. 00003
0
0
0
. 00168
. 00157
. 00147
0
0
. 01074
. 00069
. 05156 0
0
0
. 00013
. 00007
. 00001
. 00001
0
0
. 00001
. 00003
.00135
. 00022
0
0
, 00083
. 00003
. 01422
. 02755
. 00059
. 00131
.00017
. 00004
0
. 00055
. 00152
0
. 03623
.00416
. 00075
.00029
. 00002
0
. 00004
.00018
0
. 00014
. 01916
.00184
. 00059
. 00002
0
. 00321
.00372
0
. 04815
0
0
. 00094
.00001
0
. 00002
. 00123
0
. 00028
. 01778
. 00071
.00004
. 00091
. 00004
.00004
0
0
0
0
. 00142
. 00113
0
0
.00032
.00417
0
0
0
0
. 00013
. 00010
. 00002
. 00002
0
(*)
. 00004
. 00004
0
0
0
0
. 00006
. 00002
. 03016
. 02553
. 00188
. 00188
.00086
. 00005
0
0
.00116
0
. 00339
0
0
. 00015
.00003
0
. 00005
0
0
. 00006
. 04815
. 00223
0
0
0
0
0
0
. 00286
0
.00295
0
. 00310
0
. 00300
0
. 00318
0
.00320
0
.00307
0
.00317
0
. 00081
0
.. 00182
0
. 00255
0
.00098
0
. 00260
0
. 00261
0
.00309
.09467
. 00830
.00400
0
.11096
. 00854
.00412
0
.11019
. 00900
. 00434
0
.10076
.00869
. 09419
0
. 11161
.00921
.00444
0
. 10458
. 00928
. 00447
0
. 11182
. 00891
. 00429
0
. 09835
. 00918
.00443
0
. 02956
. 00236
. 00114
0
. 04857
. 00527
.00254
0
. 04278
. 00738
.00356
0
. 05788
. 00283
. 00137
0
. 02356
. 00754
. 00364
0
. 04778
. 00756
. 00364
0
. 06033
.00897
. 00432
0
. 04873
0
. 00503
0
.0011
. 02735
0
. 00518
0
.0011
. 02883
0
.0054
0
.0012
. 02782
0
.00527
0
.0011
. 05234
0
.00559
0
.00123
. 05260
0
.00563
0
. 00124
.05048
0
.00540
0
. 00119
.05206
0
. 00557
0
. 00123
.00711
0
.00143
0
. 00032
. 03905
0
. 00319
0
. 00070
.07642
0
. 00448
0
. 00099
.02048
0
. 00172
0
.00038
. 07095
0
. 00457
0
. 00101
.08379
0
.00458
0
00101
. 09943
0
. 00544
0
. 00120
0
.0002
0
.0042
.0002
.0013
.3549
1. 0000
0
.0002
0
.0044
.0002
.0014
.3377
1. 0000
0
.0002
0
.0046
.0002
.0015
.3430
1.0000
0
.0002
0
.0044
.0002
.0014
.3388
1.0000
0
.'00028
0
.0047
.0002
.0015
.2906
1.0000
0
. 00028
0
.00479
.0003
.0015
.3002
1. 0000
0
.00027
0
. 00460
. 00028
. 00149
. 29583
1.00000
0
.00028
0
.0047
.00029
. 00154
.3372
1. 00000
0
. 00007
0
. 00122
. 00007
.00040
.7544
1. 00000
0
.00016
0
. 00272
.00017
. 00088
. 35498
1. 00000
0
.00022
0
.0038
. 00023
.0012
.5083
1.00000
0
. 00009
0
. 00146
. 00009
. 00047
. 50673
1.00000
0
. 00023
0
. 00390
.00024
. 00127
. 59940
1. 10000
0
.00023
0
00391
. 00024
. 00127
. 38355
1.00000
0
. 00027
0
. 00463
. 00029
.00151
. 37055
1. 00000
39.
25.
1.
1.7
3.8
1.6
1.1
100.
25.
*Less
than .000005.
i Includes types of construction not shown separately.
2
Also includes apartments, nonhousekeeping units, and all residential additions and
alterations.
3
Also includes industrial, warehouses, stores, restaurants and garages, religious, social, and
Educational
Hospital and
institutional
0
.00001
.06258
Public utilities
Nonresidential buildings
3.
6.6
1.
0.
2.
4.
recreational, and miscellaneous nonresidential building.
* Percent that each type of construction is of the volume of total new construction ana 01
total maintenance and repair construction, respectively.
Source: U.S. Department of Commerce, Office of Business Economics.
Repair Construction, 1958
New construction—Continued
Highways
Conservation
and
development
16
17
Maintenance and repair construction
Total i
. 00007
0
(*)
. 00829
0
0
0
0
.. 04377
0
0
.00013
0
0
0
0
.00006
0
0
0
0
0
0
0
0
. 00777
. 00014
0
0
0
0
. 00006 . 00009
0
0
0
0
0
0
0
0
. 00006
0
0
. 00012 . 00004
.02415
. 02476
0
0
. 00098
. 00404
0
0
. 00004
0
0
0
.00341
0
0
. 00016
0
0
. 00014 . 00007
. 01381
. 07653
0
0
0
0
. 00088
. 00449
. 04944
.03430
. 00265 . 00381
0
0
. 00001 . 00001
. 00049
. 00072
. 09609
. 04840
.01729
. 00872
. 00317 . 00198
0
0
. 09718
. 00058
. 00147
. 00004
0
. 00162
0
. 00002
0
. 00002
0
. 07750
.00884
. 00426
0
. 00126
. 00049
. 00001
10.5
0
0
0
0
0
0
0
0
0
0
0
0
. 00039
0
0
. 00008
0
0
0
0
0
0
0
0
. 03316
0
0
. 00001
0
0
0
0
. 00005
. 00003
0
0
. 00002
(*)
. 04050 . 00603
0
. 00001
. 00722
0
0
0
0
.00009
. 00049
. 01075 .00033
0
0
. 00019
0
0
.00011
0
.00010
0
. 00002
. 00064
0
0
. 11276
. 02006
.00628
0
. 00001
. 00849
. 03966
. 01108
.01978
0
. 00170
0
0
. 02422
. 02378
. 00448
0
(*)
. 00589
. 03259
. 00995
. 01108
0
. 00695
0
0
. 01199
. 04761
. 00043
0
(*)
. 00029
. 01281
. 00492
. 00540
0
. 06784 . 05906
. 00101 . 00094
. 00317 . 00324
. 00003 . 00003
0
0
. 00125
. 00042
. 00002
. 00134
. 00035
. 00002
.01373
. 00022
. 00027
(*)
0
. 00027
. 00002
(*)
0
0
0
. 00111
. 00002
0
. 00129
. 00467
. 00354
. 00729
. 00128
.00001
. 00029
. 00001
0
0
. 00094
(*)
. 00287
. 01766
. 00107
. 00217
.00004
0
. 00014
. 00291
. 00969
. 00270
0
0
. 00014
. 00002
0
0
. 00060
(*)
. 00615
. 01783
. 00168
, 00122
. 00003
0
.00534
.00549
0
. 01081
0
0
. 00028
. 00002
0
0
. 00280
0
. 00160
. 00998
. 00152
.00001
. 00001
0
0
. 00499
0
. 00600
. 00044
0
. 00006
(*)
0
0
0
0
. 00037
. 02741
. 00024
0
0
. G0232 . 00210
0
. 00033
. 05847 .08170
. 12538 . 06219
. 00809 . 00292 . 00457 . 00413
. 00390 . 00207 . 00325 .00294
0
0
0
0
. 04111
. 00064
. 00046
0
0
. 00279 . 00148
. 08385
. 08892 .00356
0
0
0
. 00536
.00491
. 00133
0
0
0
.00118
.00108
. 00057
0
. 00027
0
. 00457
. 0002S
. 00148
.34923
1.00000
.00007
21
0
. 00004 . 00023
. 00005
. 00005
0
0
0
. 00005
.00245
. 00667
0
0
. 00906
. 00379
.00221
0
0
0
. 00021
.00054
. 00003
. 00002
0
0
. 00005 . 00005
. 00052 0
0
(*)
. 00006
. 00008
. 06592 . 04819
. 00220 . 00202
0
. 00305
.00419
0
0
. 05211
. 02222
. OC391
0
(*)
. 00483
. 03248
.01622
. 01668
0
.03938
. 05223
. 00157 . 00124
. 00881 . 00309
. 00004 . 00002
0
0
. 00285
. 00034
0
0
0
0
Highways
20
19
18
0
0
0
. 01131 . 00041 0
0
0
0
0
0
0
0
0
0
0
. 07259
0
0
. 00014
0
0
0
0
Residential
Nonresibuilddential
buildings
(nonings
farm)
0
.00025
0
. 00418
.00026
. 00136
. 45997
1. 00000
1.9
. 00558 . 00505 . 00079
0
0
0
.00208
. 00188
. 00029
0
0
0
.00090
. 00081
. 00013
0
0
0
0
. 00021 .00019
.00013
. 00003
0
0
0
0
. 00222 . 00348 . 00315
. 00049
. 00014
. 00021 . 00019 . 00003
. 00072 . 00113 . 00102 . 00016
. 61234 . 46261 . 69110 . 77047
1. 00000
1. 00000 1. 00000 1. 00000
100.0
35.1
23.2
14.1
requirements. Chart 9 illustrates some
of the more important industries. Part
of the production of every one of the
industries distinguished in the inputoutput study was attributable to the
requirements of construction. Even
such remotely connected industries as
livestock and tobacco were to some
extent dependent on the volume of
construction in 1958.
Construction accounted for at least
50 percent of the total output of 5
industries, 25 percent for 13 industries,
and 10 percent for 39 industries. It
is interesting to note the importance of
indirect requirements in the output of
individual industries. As much as 22
percent of total lumber output was
indirectly attributable to construction
activity, in addition to the 44 percent
that was directly used. Several industries sold little to construction directly
but attributed 10 percent or more of
their output indirectly to construction.
Examples are the mining industries
(excluding stone and clay mining),
wooden containers, paperboard containers, printing and publishing, plastics, machine shop products, and radio
and TV broadcasting.
The industrial impact of new construction differed sharply from that
of maintenance and repair construction,
both in the kinds of industries affected
and in the relative amounts of output
required. As noted above, the volume
of new construction was three times the
volume of maintenance and repair. In
most industries, however, the output
attributable to new construction was
considerably more than three times the
output attributable to maintenance and
repairs. This reflected primarily the
fact that materials and services accounted for 65 percent, and value
added for 35 percent, of every dollar
of new construction; the corresponding
breakdown for every dollar of maintenance and repair construction was 39
percent and 61 percent. The paint
industry was the exception to this
general pattern because of the importance of paint in maintenance and
repair construction. Almost 50 percent
of the output of the paint industry was
required for maintenance and repair,
as compared with 18 percent for new
construction.
Variations in Requirements by
Type of Construction
The kinds and relative amounts of
materials and services used vary widely
from one type of construction to
another. Table 2 presents the 1958
direct requirements per dollar of new
construction and of maintenance and
repair construction. These ratios are
referred to as input coefficients. Table
3 provides information on total (direct
plus indirect) requirements per dollar
of construction. In both tables, data
are given for each of several types of
construction for which reasonably reliable figures are available; these types
accounted for 90 percent of new and 75
percent of maintenance and repair construction in 1958. Data for the other
types of construction are available on
request.
Detailed information of this kind
permits the calculation of the industrial
output required by a specific type of
construction. It also makes possible a
more accurate measurement of the
production requirements of total construction for a year in which the relative
importance of the various types of
construction may differ from that of
1958.
Focusing on the total requirements
for the major material inputs into new
construction, we see in table 3 for
example, that the requirements for
lumber and wood products (industry
20) ranged from a high of 19 cents per
dollar of construction of one- to fourfamily dwellings to a low of one cent
per dollar of electric power facilities
and water systems construction. The
requirements for stone and clay products (industry 36) were approximately
10 cents per dollar of residential and
nonresidential building, 2 cents for
public utilities, 16 cents for water
systems, and 26 cents for sewer systems.
Total requirements for heating, plumbing, and structural metal products
(industry 40) were 9 cents for one- to
four-family housing, 15 cents for hospitals, 5 cents for telephone, and 10
cents for highway construction. Wholesale and retail trade (industry 69)
requirements were approximately 15
cents for residential and nonresidential
building, 5 cents for oil and gas well
drilling and exploration, and 9 cents
Table 3.—Total Requirements (Direct and Indirect) Per Dollar of Selected Types of New Construction and Maintenance
New construction
Total
Producing industry
Residential bldgs. (nonfann)
new
con-
struc-1
tion
Total 2
1-4
family
Public
dwell-
1 Livestock and livestock products
0. 00543
2. Other agricultural products __
. 01292
3. Forestry and fishery products
. 00898
4. Agri., forestry, and fishery services
. 00101
5. Iron and ferroalloy ores mining
. 00676
6. Nonferrous metal ores mining
. 00533
7. Coal mining
_ __
. 00639
. 01982
8. Crude petroleum and natural gas
9. Stone and clay mining and quarrying.. . 01916
10. Chemical and fertilizer mineral mining. .00127
11. New construction
0
12. Maintenance and repair construction . . . 01198
13 Ordnance and accessories
. 00060
. 00964
14. Food and kindred products
. 00042
15. Tobacco manufactures
16. Broad and narrow fabrics, yarn and
. 00351
thread mills.
17. Misc. textile goods and floor coverings. . 00200
. 00091
18. Apparel
—
__ _ —
. 00070
19. Misc. fabricated textile products
20. Lumber and wood prod. , exc. containers. . 09396
. 00091
21 Wooden containers
22 Household furniture
_
- _
. 00637
23 Other furniture and fixtures
. 00437
24. Paper and allied prods., exc. containers.. . 02430
. 00579
25 Paperboard containeis and boxes
. 02374
26. Printing and publishing
..
27. Chemicals and selected chemical prods. . 02647
. 00740
28 Plastics and synthetic materials
29. Drugs, cleaning, & toilet preparations __ . 00243
. 00634
30 Paints and allied products
31. Petroleum refining and related indus.. . 03461
32. Rubber and misc. plastics prod.
. 01385
23. Leather tanning and indus. leather prods. . 00019
34. Footwear and other leather products. _ . 00022
35. Glass and glass products
_ - . 00407
. 09584
36. Stone and clay products
__
37. Primary iron and steel manufacturing. . 11089
. 04934
38. Primary nonferrous metal mfg . .
39. Metal containers _ _ _ __ _
. 00115
40. Heating, plumbing, and structural
. 10384
metal products.
41. Stampings, screw mach. products, bolts . 00886
42 Other fabricated metal products
. 02989
43. Engines and turbines
. 00204
44. Farm machinery and equipment
. 00127
45. Construction, mining, and oil field
. 00621
machinery.
46. Materials handling mach. and equip..
. 00573
47. Metalworking machinery and equip.00434
ment.
48. Special industry machinery and equip- . 00169
ment.
49. General industrial machinery and
. 01003
equipment.
50 Machine shop products
. 00272
51. Office, computing, and account machs. . 00194
52 Service industry machines
. 00570
53. Electric indus. equip, and apparatus _. . 01452
54. Household appliances.. _
. . 00543
55. Electric lighting and wiring equipment. . 01783
56. Radio, television, and communication
. 00195
equipment.
57. Electronic components and accessories. .00162
58. Miscellaneous electrical machinery, . 00183
equipment, and supplies.
59 Motor vehicles and equipment
. 00588
60. Aircraft and parts
. 00174
ing
TotaP
Offices
Educa- tal and
tional institutional
2
3
4
5
6
7
8
0. 00674
. 01994
. 01721
. 00151
. 00522
. 00462
. 00555
. 01870
. 01035
. 00113
0
. 01237
. 00039
. 00993
. 00043
. 00427
0. 00649
. 01641
. 01787
. 00138
. 00453
. 00396
. 00526
. 01916
. 01130
. 00116
0
. 01231
. 00038
. 01004
. 00043
• . 00453
0. 00541
. 01448
. 00643
. 00102
. 00694
. 00603
. 00653
. 01720
. 01137
. 00112
0
. 01184
. 00047
. 00960
. 00044
. 00463
0. 00493
. 00782
. 00518
. 00076
. 00640
. 00623
. 00646
. 01709
. 01056
. 00113
0
. 01235
. 00082
. 01015
. 00048
. 00393
0. 00468
. 00659
. 00354
. 00066
. 00598
. 00581
. 00626
. 01439
. 01070
. 00114
0
. 01203
.00091
. 01011
. 00049
. 00404
0. 00526
. 00932
. 00810
.00088
. 00602
. 00523
. 00625
. 01523
. 01018
.00112
0
. 01231
. 00105
. 01021
. 00047
.00380
0. 00465
. 00735
. 00518
. 00071
. 00616
. 00524
. 00610
. 01418
. 00993
. 00104
0
. 01150
. 00101
. 00956
. 00047
. 00344
. 00221
. 00100
. 00071
. 18133
. 00119
. 01444
. 00182
. 02410
. 00616
. 01889
. 02143
. 00822
. 00248
. 00915
. 03253
. 01442
. 00019
. 00023
. 00381
. 10194
. 08458
. 04319
. 00124
. 09680
.00224
. 00098
. 00071
. 18831
. 00119
. 01743
. 00047
. 02472
. 00628
. 01929
. 02164
. 00843
. 00253
. 00970.
. 03340
. 01451
. 00019
. 00023
. 00361
. 11092
. 07264
. 03651
. 00127
. 08512
. 00218
. 00097
. 00071
. 06697
. 00098
. 01671
. 00229
. 02356
. 00613
. 01862
. 02077
. 00786
. 00243
. 00883
. 02960
. 01501
. 00022
. 00024
. 00451
. 10359
. 11390
. 05699
. 00122
. 15375
. 00257
. 00107
. 00078
. 05357
. 00094
. 00086
. 01263
. 03564
. 00727
. 02571
. 02024
. 00880
. 00255
. 00601
. 02924
. 01957
. 00027
. 00027
. 00675
. 10626
. 10420
. 05903
. 00113
. 15431
. 00251
. 00107
.00077
. 03620
.00096
. 00058
. C0390
. 03890
. 00746
. 02560
. 02016
. 00913
. 00252
. 00479
. 02416
. 02105
. 00029
. 00030
. 00592
. 10929
. 09675
. 05473
. 00105
. 14296
. 00248
. 00110
. 00078
. 08459
. 00097
.00098
. 01446
. 04033
. 00746
. 02521
. 02014
. 00865
. 00253
. 00689
. 02576
. 01784
. 00023
. 00024
. 00843
. 10521
. 09829
. 04864
. 00117
. 16383
. 00223
. 00102
. 00070
. 05366
. 00083
. 00071
. 00792
. 02074
. 00632
. 02470
. 01828
. 00797
. 00238
.00545
. 02392
. 01744
. 00022
. 00023
. 00615
. 10687
. 10065
. 04888
. 00104
. 15438
. 00817
. 03327
. 00173
. 00104
. 00365
. 00781 . 01030
. 03142 . 03416
. 00165 . 00252
. 00097 . 00129
. 00358 . 00511
. 01271
. 03052
. 00280
. 00139
.00497
. 01636
. 02792
. 00308
. 00134
. 00492
. 01051
. 03139
. 00237
. 00128
. 00398
. 00264
. 00392
. 00063
. 00364
. 02137
. 00530
. 01521
. 00555
.00169
. 00165
. 00194
. 00201
. 00807
. 00752
. 01518
. 02079
. 00236 . 00215
. 00146 . 00148
. 00219 . 00207
. 01314 . 01397
. 01104 . 01083
. 00996 . 01113
. 00106 . 00106
. 00125
. 00148
. 00127
. 00149
Railroads
Hospi-
units
1
Public utilities
Nonresidential buildings
and
Oil and
Gas and Electric Telepetrolight
phone
leum
and
and
local
transit
9
pipelines
10
power
telegraph
11
gas well
drilling
and
exploration
12
Water Sewer
systems systems
13
0. 00159 0. 00305 0. 00282
. 00210 . 00350 . 00348
. 00144 . 00058 . 00096
. 00022 . 00035 . 00033
. 00266 .03041 .01116
. 00256 . 00447 . 01304
. 00227 . 01882 . 00771
. 00639 . 01644 . 01270
.01150 . 00497 . 00471
. 00067 . 00132 . 00073
0
0
0
. 00419 . 01339 . 00917
. 00171 . 00038 . 00041
. 00349 . 00702 . 00632
. 00017 . 00033 .00032
. 00115 . 00199 . 00194
0. 00283
. 00449
. 00460
. 00047
. 00963
. 01860
. 00669
. 00913
. 00268
. 00064
0
. 00824
. 00034
. 00552
. 00026
. 00204
0. 00560
. 00453
. 00045
. 00036
. 00998
. 00197
. 00716
. 01072
. 00701
. 00239
. 00068
. 00038
. 00024
. 01469
. 00023
. 00161
. 00338
. 00745
. 00236
. 00584
. 01848
. 00293
. 00087
. 00164
. 01106
. 00394
. 00008
. 00007
. 00230
. 01632
. 04310
. 02384
. 00044
. 03854
. 00124
. 00097
. 00054
. 00495
. 00045
. 00026
. 00025
. 01176
. 00321
. 01964
. 03190
. 00369
. 00239
. 00233
. 02766
. 00762
. 00011
. 00015
. 00149
. 02152
. 52834
. 02932
. 00087
. 02381
. 00114
. 00067
. 00048
. 00927
. 00032
. 00031
. 00069
. 01349
. 00338
. 02779
. 01654
. 00497
. 00159
. 00161
. 02154
. 00716
. 00010
. 00014
. 00260
. 01910
.18625
'.12857
. 00060
. 03195
. 01029
. 03283
. 00282
. 00133
. 00482
. 00516
. 00939
. 00062
. 00034
. 00160
. 01018
. 08392
. 00139
. 00146
. 00386
. 01457 .00082
. 00562 . 00507
. 01478
. 00545
. 00032
. 00192
. 00195
. 00192
. 00185
. 01328
. 01157
. 01477
. 00333 . 00342 . 00334
. 00153 . 00228 . 00230
.00257 . 01644 . 03275
. 01844 . 02621 . 05099
. 01823 . 00258 . 00357
.01285 . 03226 . 03788
. 00121 . 00168 . 00203
. 00156 . 00230
. 00172 . 00257
14
15
. 00832
. 00265
. 01566
. 00029
. 00149
0. 00336
. 00411
.00086
. 00038
. 01741
. 00450
. 01291
. 01631
. 01597
. 00132
0
. 01227
. 00029
. 00758
. 00036
. 00239
0. 00387
. 00505
.00191
. 00046
. 00536
. 00219
. 00733
.02017
. 05107
. 00166
0
. 01223
.00024
. 00849
. 00040
.00274
.00106
. 00076
. 00041
. 04801
. 00046
. 00030
. 00091
. 01032
. 00379
. 01257
. 01346
. 00605
. 00153
. 00234
. 01498
. 00624
. 00011
. 00012
. 00303
. 02254
. 15636
. 18727
. 00057
. 05030
. 00099
.00050
. 00056
. 00276
. 00025
. 00011
. 00007
. 01112
. 00246
. 02530
. 07199
. 00368
. 00209
. 00128
. 01794
.00692
. 00008
. 00012
. 00127
. 01921
. 16762
. 01111
. 00114
. 00492
. 00136
. 00070
. 00062
. 00801
. 00056
. 00018
. 00014
. 01803
. 00436
. 03166
. 02024
. 00548
. 00277
. 00277
. 02758
. 00954
. 00012
. 00016
. 00160
. 15798
. 29784
. 03577
. 00077
. 02366
. 00149
.00053
. 00071
. 01905
. 00074
. 00019
. 00015
. 02266
. 00561
. 03652
. 02275
. 00672
. 00318
. 00260
. 03495
. 01048
. 00014
. 00018
. 00187
. 26338
. 08479
. 01652
. 00086
. 03339
. 00695
. 02586
. 00127
. 00109
. 00317
. 01021
. 01207
. 00136
. 00084
. 00297
. 00423
. 01424
. 00226
. 00170
. 04414
'. 00533
. 02712
. 00143
. 00133
. 00404
. 00388
. 01577
. 00154
. 00116
. 00540
. 00079
. 00752
. 00050
. 00434
. 01489
. 00470
. 00058 • . 00093 . 00107
. 00333 . 00444 . 00264
. 00065
. 00175
.00100
. 00109
. 00141
. 00131
. 00192,
. 00450
. 00303
. 00489
. 00442
.00398
.00336
. 00310
. 00232
. 00407
. 02316
. 00183
. 03515
. 00166
. 00333 . 00119
. 00228 . 00062
. 00353 . 00061
. 03610 . 00512
. 00173 . 00049
. 03202 . 01261
. 00176 . 05628
. 00544
. 00153
. 00260
. 00662
. 00083
. 00210
. 00088
. 00287
. 00223
. 00150
. 00638
. 00066
. 03942
. 00551
. 00247
.00313
. 00102 . 00204
. 00432 . 00059
. 01052 . 00396
. 00097 . 00031
. 05233 . 00108
. 00101 . 00080
. 00346
. 00248
. 00087
. 00520
. 00056
. 00596
. 00090
. 00176
. 00286
.00098
. 00402
00057
. 00531
. 00092
. 00315
. 00276
. 00246
. 00249
. 00276
. 00243
. 01126
. 00092
. 00083
. 00090
. 00263
. 00265
. 00116
. 00401
. 00059
. 00074
. 00052
. 00111
. 00085
. 00108
. 00118
. 00571 . 00558
. 00155 . 00150
.00651
. 00189
. 00721
. 00246
. 00745
. 00249
.00676
. 00236
. 00676
. 00235
. 00208
. 00157
. 00581
. 00142
. 00431
. 00105
. 00432
.00112
. 00431
. 00155
. 00484
. 00121
. 00473
. 00123
61. Other transportation equipment
62. Scientific and controlling instruments .
63. Optical, ophthalmic, and photographic
equipment.
64 Miscellaneous manufacturing
65 Transportation and warehousing _
. 00241
. 00619
. 00104
. 00249
. 00414
. 00085
. 00240
. 00419
. 00086
. 00280
. 00520
. 00089
. 00286
. 01472
. 00120
. 00281
. 01629
. 00123
. 00286
. 02327
. 00122
. 00281
. 02125
. 00120
. 00083
. 00265
. 00043
. 00195
. 00153
. 00084
. 00137
. 00135
. 00113
. 00160
. 00274
. 00058
. 00128
. 00068
. 00102
. 00167
. 00105
. 00126
. 00168
. 00110
. 00144
. 00508
. 07792
. 00379
. 08034
. 00380
. 08144
. 00429
. 07227
. 00955
. 07291
. 01259
. 07089
. 00403
. 07438
. 00449
. 06833
. 00204
.02931
. 00267
. 08070
. 00302
.05185
. 00294
. 05056
. 00230
.05448
. 00336
. 07870
. 00379
. 09413
66. Communications; except radio and television broadcasting.
67. Radio and television broadcasting
68. Electric, gas, water, and sanitary services.
69. Wholesale and retail trade
70 Finance and insurance
. 01002
. 00978
. 00987
. 00993
. 01119
. 01106
. 01094
.01064
. 00325
. 00865
. 00868
. 00608
. 00782
. 01011
. 01099
. 00660
. 02759
. 00770
. 02683
. 00462
. 02389
. 00337 . 00346
. 02364 . 02358
. 00340
. 02453
. 00500
. 02584
.00498
. 02539
.00486
. 02532
. 00485
. 02420
. 00103
. 00825
. 00376
. 02869
.00589
. 02074
. 00234
. 01934
.00537
.01724
. 13501
. 02701
. 15332
. 02784
.15203
. 02830
. 14325
. 02769
. 15694
. 02948
. 14965 . 15680
. 02913 . 02893
. 14045
. 02818
. 04575
. 00875
. 08988
. 02251
. 07383
. 02154
. 09155
. 01567
. 04750
. 01982
. 08452
. 02529
. 09524
. 02799
71. Real estate and rental
72. Hotels; personal and repair services,
except automobiles
73. Business services
_
_ __
74 Research and development
75. Automobile repair and services
.03144
.03229
.03235
. 03104
. 03346
. 03261
. 03289
.03118
. 01051
. 02567
.02365
.01908
. 02065
. 02827
.03190
. 00413
. 07392
. 00027
. 01062
. 00422
. 053%
. 00023
. 01159
. 00424
. 05529
. 00022
. 01194
. 00423
.05440
. 00028
. 01064
. 00470
. 07993
. 00028
. 01119
. 00471
. 07967
.00027
. 01096
. 00465
. 07773
. 00027
. 01123
.00448
. 07758
. 00026
. 01081
. 00155 . 00348
. 01649 . 06017
. 00015 . 00006
. 00319 . 00728
. 00321
. 09425
. 00032
. 00778
.00271
. 03736
. 00032
. 00511
. 00276 . 00379
.10575
.08596
. 00035 . 00038
. 00757 .00920
76. Amusements
77. Medical, educational services and nonprofit organizations
78. Federal Government enterprises _
79. State and local government enterprises
. 00204
. 00172
. 00175
. 00172
.00223
.00222
. 00219
. 00214
. 00057
. 00165
. 00218
. 00113
. 00196
.00248
.00286
. 00256
. 00549
. 00624
. 00265
. 00510
. 00637
. 00270
. 00513
. 00640
. 00268
. 00512
. 00624
.00283
. 00613
. 00652
.00282
. 00608
. 00638
. 00278
. 00602
.00649
. 00273
. 00577
. 00610
. 00088
. 00181
. 00217
. 00219
.00470
.00666
. 00208
. 00501
. 00480
. 00150
. 00348
. 00447
. 00193
. 00434
. 00426
.00237
. 00585
. 00659
. 00252
. 00648
. 00698
80. Gross imports of goods and services. __
81. Business travel, entertainment and
gifts
82. Office supplies _.
__
. 03111
. 03519
. 03487
. 02929
.03025
. 02869
. 03100
. 02672
. 01100
. 03058
. 02870
. 03553
. 01673
.02692
. 02494
. 01753
. 00245
.01722
. 00239
. 00619
. 00073
. 01214
. 00189
. 01183
. 00208
.00951
. 00133
.01085
. 00187
. 01351
. 00240
. 01501
.00268
1
2
. 01546
. 00224
. 01575
. 00208
. 01594
. 00210
. 01619
. 00210
. 01786
. 00250
Includes types of construction not shown separately.
Also includes apartments, nonhousekeeping units and all residential additions and alterations.
. 01816
. 00250
. 00408
. 12334
. 00020
. 01105
3
Also includes industrial, warehouses, stores, restaurants and garages, religious, social
and recreational, and miscellaneous nonresidential building.
Source: U.S. Department of Commerce, Office of Business Economics.
and Repair Construction, 1958
New construction—Continued
Maintenance and repair construction
Highways
Conservation
and
development
Total i
16
17
18
Residential
buildings
(nonfarm)
Nonresidential Highbuildways
ing
19
20
21
1
0. 00513 0. 00419 0. 00341 0. 00553 0. 00244 0. 00147
. 01712 . 00609 . 00436
. 00685 , 00271
. 00186
. 00161
. 00112
. 00377 . 00367
. 00597 . 00109
. 00096
. 00054 . 00048
. 00075 . 00030
. 00021
. 00435
. 00294 .00322
. 00348 . 00269
. 00115
. 00288
. 00246 . 00395
. 00479 . 00311
. 00144
. 00544
. 00411 .00328
. 00404 . 00272 . 00144
. 03862
. 03012 . 01850
. 01965 . 01772 . 03089
. 08176 .04891
. 01115
.00428 . 00353 . 03500
. 00157 . 00367 . 00121
. 00187 . 00075
. 00068
0
0
0
0
0
0
. 01336
. 01072 . 00700
. 00956 . 00566
. 00469
. 12039 . 00028 . 00027
. 00029 . 00028
. 00012
. 00877
.00897 . 00772
. 01290 . 00577
. 00316
. 00040 . 00037 . 00025 . 00037 . 00024 . 00011
. 00241
. 00229 . 00178
. 00261 . 00145 . 00069
. 00147
. 00063
. 00071
. 01576
. 00067
. 00032
. 00031
. 01821
. 00471
. 03258
. 03385
. 00554
. 00250
. 002S5
. 07010
.01040
. 00014
. 00018
. 00226
. 11915
. 06856
. 02420
. 00122
. 10122
. 00149
. 00057
. 00092
. 03768
. 00050
.00033
. 00364
. 01672
. 00420
.03261
. 10947
. 00674
. 00300
. 00642
. 05415
. 01032
. 00012
. 00016
. 00220
. 06178
. 03915
. 01671
. 00178
.04180
. 00108
. 00053
. 00045
. 03780
. 00049
. 00030
. 00117
. 01434
. 00418
. 00772
. 03238
. 01076
. 00222
. 05361
. 03321
. 00834
. 00011
. 00014
. 00632
. 04149
. 05043
. 03704
.00328
. 05471
. 00157
. 00075
.00061
. 06161
. 00074
. 00034
. 00032
. 02731
. 00658
. 01149
. 05172
. 02013
. 00364
. 11493
. 03470
. 01250
. 00017
. 00022
.01038
. 05075
. 05272
. 04449
. 00649
. 07109
. 00093
. 00043
. 00033
. 01078
. 00039
. 00020
. 00067
. 00775
.00332
. 00669
. 01824
. 00646
. 00151
. 02535
. 03201
. 00785
.00009
. 00011
. 00739
. 04038
. 04281
. 02936
. 00179
. 06157,
. 00044
. 00022
. 00021
. 01129
. 00019
. 00010
. 00025
. 00447
. 00163
. 00381
. 01867
. 00335
. 00101
. 01273
. 05751
. 00306
.00004
. 00005
. 00921
. 01852
. 01690
. 01281
. 00124
.01468
.00555
. 01168
.00198
. 00133
. 00715
. 00488
. 01596
. 00162
. 00107
. 00651
. 00502
. 00979
. 00092
. 00048
. 00274
. 00581 . 00459
. 01169 . 00942
. 00110 . 00091
. 00062 . 00044
. 00257 . 00237
. 00161
. 00328
. 00055
. 00022
. 00246
. 00156
. 00291
. 00140 . 00091
. 00227, . 00211
. 00081
. 00256
.00063
. 00197
. 00065
. 00086
.00141
. 00187 . 00101
. 00145
. 00080
. 00045
.00375
. 00285
. 00340
.00500
.00341
. 00121
. 00200
. 00262
. 00156
. 00672
. 00109
. 01099
. 00341
. 00136
. 00264
. 00108
. 00980
. 00063
. 00509
. 00094
. 00134
. 00062
. 00223
. 00788
. 00433
. 00871
.00202
. 00164
. 00089
. 00144
. 00653
. 01069
. 00421
. 00079
. 00125
. 00057
. 00644
00906
.00103
. 01227
. 00062
. 00052
. 00030
. 00026
. 00660
. 00022
. 00675
. 00083
. 00153
. 00145
. 00097
.00144
. 00101
. 00114
. 00080
. 00100
. 00082
.00113
. 00055
. 00059
. 00557
. 00155
. 00434
. 00121
.00288
. 00091
.00373
. 00116
. 00270
. 00084
.00155
. 00051
. 00233
. 00236
.00133
. 00165
. 00117
.00133
. 00120
. 00225
.00041
. 00154
. 00234
. 00061
. 00104
. 00422
.00036
. 00069
. 00047
. 00019
. 00343
. 10763
. 00326
. 08327
. 00458
. 04334
. 00863
. 05327
. 00300
. 03020
.00115
. 04244
. 01080
. 00978
.00528
. 00775
. 00492
. 00243
. 00682
. 02452
. 00690
.02074
.00122
. 01426
. 00180
. 01956
.00110
.01252
. 00063
. 00771
. 11358
.02850
. 08839
. 02466
. 10548
. 01369
. 15884 .08088
. 01972 . 01308
. 05322
. 00692
. 03633
. 03034
. 01911
. 02679
. 01671
. 01303
. 00397
. 10923
. 00024
.01114
. 00358
. 11049
. 00035
. 00972
. 00233
. 01950
. 00021
. 00453
. 00338
. 02880
. 00030
.00658
. 00207
: 01 757
.00016
. 00423
. 00105
. 01000
. 00010
. 00236
. 00265
.00257
. 00081
. 00118
. 00071
. 00042
. 00255
. 00632
. 00695
. 00224
. 00590
. 00567
. 00146
. 00294
. 00370
. 00214
. 00433
. 00501
. 00153
. 00240
. 00308
. 00061
.00156
.00238
. 02886
. 02552
. 01892
.02506
. 01338
. 01346
. 01498
. 00257
. 01386 . 00921
. 00241 . 00110
. 01359
. 00162
. 00871
. 00099
. 00399
. 00054
for conservation and development. Requirements for business services (industry 73) were 5 cents for public
dwelling units, 8 cents for offices, and 11
cents for highways.
There were also variations in the
industrial impact of individual types
of maintenance and repair construction,
although these variations were smaller
than those of new construction.
It may be useful to note the steps
that are involved in calculating the
total requirements from each industry
that result from a given type of construction activity in 1958. Suppose,
for example, the analyst wants to know
how the industrial effects of an additional billion dollars of highway construction would differ from an additional
billion dollars of office building construction.
It may be seen from table 3 that $1
of new office building construction in
1958 required $0.02416 from the petroleum industry (column 6, row 31), as
compared with $0.07010 generated by
$1 of new highway construction (column
16, row 31). Or, to take another
industry, $1 of office construction required $0.05473 from the nonferrous
metal industry (column 6, row 38), as
compared with $0.02420 for highway
construction (column 16, row 38).
Consequently, the impact on the petroleum industry would be $24.2 million
($1 billion X0.02416) from expenditures of $1 billion of office building
construction, and from highways expenditures, $70.1 million ($1 billion
X 0.07010). For the nonferrous metals
industry, the corresponding estimates
would be $54.7 million ($1 billion
X0.05473) and $24.2 million ($1
billion X0.02420) respectively.
In calculations of this type, the input pattern of every industry is assumed to be fixed for all levels of operation. This assumption may be
questionable for some inputs—e.g.,
electric power and services—or for large
changes in output. However, the assumption is thought to be reasonable
since in most problems relatively small
changes in output are analyzed.
Changes in Construction Inputs
THE availability of data for construc- the temporary housing facilities erected
tion in the 1947 and 1958 input-output for veterans and the relatively large
studies provided the opportunity to expenditures for major replacements,
examine the nature of the changes in such as new plumbing systems, in mainconstruction inputs that occurred from tenance and repair construction. An
1947 to 1958. The analysis of the example of the effect on materials conchange or stability in the patterns of sumed was the greater importance of
6
inputs is important for evaluating the used as compared with new materials.
Total construction activity was conapplicability of the 1958 pattern to
other years, for providing a basis for siderably higher in 1958 than in 1947
modifying such patterns, and thus but supplies of materials and labor
accounting for differences in the indus- were generally ample. The easier suptrial impact of construction activity in ply conditions reflected both the expansion in the Nation's capacity to produce
various years.
The input patterns in construction since the early postwar period and the
were affected by quite different eco- fact that 1958 was a recession year.
nomic conditions in the 2 years under
Components of Change,
consideration. In 1947, demand was
abnormally high, especially for con1947-58
struction, which had been very low
In comparing the 1947 and 1958
during the 19307s and the war years.
input
coefficients for total new conShortages of materials and labor were
struction
and total maintenance and
common, and pressure on prices was
severe. These conditions had an ime New residential construction included the conversion of
pact on the kinds of materials con- barracks
and other temporary buildings into family living
sumed and on the types of construction quarters for veterans. It is estimated that used building
materials were 2.5 to 5 percent of the value of new building
expenditures. Some examples of the materials
in 1947; the comparable figure for 1958 was less
effect on construction expenditures were than 0.5 percent.
SUKVEY OF CUEEENT BUSINESS
20
repair construction, three factors were
considered: (1) relative importance (or
mix) of the individual types of construction activity; (2) differential price
movements of the inputs; and (3) the
impact of all other factors.
As we have noted above, each type of
construction activity is characterized
by its own set of input coefficients,
which may differ from those used in
other types of construction. Therefore, shifts in the mix of individual types
of construction from one period to
another can affect the direct requirements for total construction. For exTable 4.
ample, residential construction requires
more lumber and less asphalt per dollar
of construction than does highway construction. If highway construction increases more rapidly than residential
construction, the input pattern for total
new construction will display a growing
need for asphalt relative to the need for
lumber.7
Differential movements in the prices
of the material, service, and valueadded costs of construction may lead to
7
As noted, below, the information on individual types of
construction is not detailed enough to account for all mix
effects.
Direct Requirements, 1947 and 1958, Per Dollar of Total New Construction,
and Components of Change
1
2
1947
direct
requirements
in 1947
dollars
1958
direct
requirements
in 1958
dollars
0. 00273
. 01119
.00028
. 00002
.00007
0. 00452
. 01193
. 00013
. 00010
.00032
17. Miscellaneous textile goods and floor coverings
19 Miscellaneous fabricated textile products
20. Lumber and wood products, except containers _
22 Household furniture
24. Paper and allied products, except containers.
. 00157
. 00002
. 09104
.00525
. 00428
. 00007
. 00001
. 06258
. 00566
. 00617
27. Chemicals and selected chemical products
30. Paints and allied products
31. Petroleum refining and related industries
32. Rubber and miscellaneous plastics products _ _
35 Glass and glass products
36 Stone and clay products
37. Primary iron and steel manufacturing _
38. Primary nonferrous metal manufacturing
40. Heating, plumbing, and structural metal products
41. Stampings, screw machine products, and bolts
Producing industry
2 Other agricultural products
9. Stone and clay mining and quarrying12. Maintenance and repair construction
13. Ordnance and accessories
__
14 Food and kindred, products
42
44.
45.
46.
49.
-- -
Other fabricated metal products
Farm machinery and equipment
Construction, mining, and oil field machinery
Materials handling machinery and equipment
General industrial machinery and equipment
50. Machine shop products
52. Service industry machines
53. Electric industrial equipment and apparatus
54. Household appliances
55. Electric lighting and wiring equipment
_
__
_
_
3
Total
change
1947-58
4
5
6
Components of change
Mix
Price
All
other i
0. 00179 -0. 00032 -0. 00050
.00258 -. 00241
.00074
.00001 -. 00005
-. 00015
0
. 00001
. 00008
.00001
.00025 0
0. 00261
. 00057
-. 00011
. 00007
.00024
-.00150 -. 00017
. 00001
-. 00001
-. 02846 -. 01326
-.
00094
. 00041
. 00189 -. 00044
-. 00133
.00002
— . 01311
-. 00079
-. 00064
0
-. 00004
-.00209
.00214
. 00297
. 00139
. 00829
. 01361
. 00263
.00331
. 00700
.00005
. 00561
. 00375 -. 00454 -. 00087
. 00312
. 01882
. 00521
. 00594
. 00058
.00331
. 00026
. 00163 -. 00168
-.00011
-. 00138
-.00205
.00071
. 00007
.00567
-. 00229
.00414
.00202
-. 00201
.05442
. 03196
. 02844
. 08120
. 00073
. 07793
. 04246
. 01658
.09906
.00168
. 02351
. 01050
-. 01186
.01786
.00095
-. 00127
-. 00247
-. 00237
.00251
.00016
.00361
. 01521
-. 00296
-. 00458
.00058
. 02117
-. 00224
-. 00653
. 01993
.00021
. 01820
.00054
. 00395
. 00352
.00379
. 01658 -. 00162
.00005 -. 00049
. 00325 -. 00070
. 00477
. 00125
. 00521
. 00142
-. 00200
. 00026
. 00079
. 00069
-. 00098
. 00189
-.00016
. 00075
. 00132
-.00031
-. 00151
-.00059
-. 00224
-.00076
. 00271
.00005
. 00175
.00216
. 00142
. 01163
.00005
. 00374
. 00809
. 00392
. 01517
0
. 00199
. 00593
. 00250
.00354
. 00002
0
-. 00033
-. 00003
. 00138
.00011
-. 00007
.00057
.00296
.00248
-. 00013
. 00206
. 00569
-. 00043
-. 00032
56. Radio, television, and communication equipment __
58. Miscellaneous electrical machinery, equipment, and
supplies
59. Motor vehicles and equipment
61. Other transportation equipment
_ _
62. Scientific and controlling instruments
. 00067
.00070
. 00003
-. 00015
-. 00004
. 00022
.00005
. 00134
.00004
.00459
.00028
.00002
. 00005
.00365
.00023
-. 00132
.00001
-.00094
-.00004
.00021
.00002
. 00343
.00021
-. 00056
0
-. 00348
.00006
-. 00097
-. 00001
-.00089
64. Miscellaneous manufacturing
65. Transportation and warehousing _
66. Communications; except radio and television broadcasting
68. Electric, gas, water and sanitary services
69. Wholesale and retail trade
.00134
.04763
. 00160
.03448
.00026
-.01315
-. 00006
-. 00005
-. 00016
-. 00399
.00048
-.00911
. 00174
. 00104
.06922
.00207
.00286
. 09467
. 00033
. 00182
. 02545
.00006
.00001
-.00664
-. 00030
-. 00032
-. 00298
. 00057
. 00213
. 03507
70. Finance and insurance.
_-_ ___
71. Real estate and rental
75. Automobile repair and services.
77. Medical, educational services, and nonprofit organizations
. 01556
. 00331
. 01202
.00830
.00400
.00503
-. 00726
.00069
-.00699
.00100
-. 00008
.00231
-. 00221
-. 00017
-. 00143
-. 00605
. 00094
-.00787
.01574
. 00111
-.01463
.00178
-.01489
-. 00152
Average without regard to sign (unweighted).
Average with regard to sign (unweighted)
. 01281
.01281
. 01332
. 01332
.00123
. 00484
. 00051 -. 00026
.00208
-.00069
. 00362
.00146
1. This is a residual category that represents the combined impact of changes from such influences as characteristics of
construction facilities, architectural and engineering design, increased use of machinery and improved methods of operation,
use of prefabricated components and new materials, effects of the substitution of one input for another because of differential
price movements, effects of economies of large-scale operation, interaction of the factors, and statistical errors associated with
the estimates.
NOTE.—Due to data limitations, 9 industries having 1958 inputs were not included in this comparison.
Source: U.S. Department of Commerce, Office of Business Economics.
May 1965
changes in input coefficients. For example, if the price of lumber does not
keep pace with the prices of all other
construction inputs, the relative importance of lumber inputs may change.
Whether the lumber coefficient will
increase, decrease, or not change at all
depends on the extent of the price
change and its effects on the consumption of lumber and other inputs. It is
important to note that shifts in consumption induced by price changes are
included in the third category.
The two elements of change so far
discussed do not account for the total
change observed in input patterns.
The third component of change is a
residual that represents the combined
impact of changes over the 11-year
period from such influences as the
characteristics of construction facilities
(e.g., the trend toward more bathrooms
per house); architectural and engineering design (e.g., the greater use of
cloverleafs and overpasses in highways);
the increased use of machinery and
improved methods of operation; and
the use of prefabricated components
and new materials (e.g., metal windows,
plastic pipe). In addition, this residual
category includes effects of the substitution of one input for another because of
differential price movements; effects of
economies of large-scale operation; the
interaction of the factors; and the
statistical errors associated with the
estimates.
Measurement of components
The total change between the 2 years
represents the difference in the 1947
direct requirements in 1947 prices and
the 1958 requirements in 1958 prices,
with 1947 as the base of the change.
The measurement of the three components of change may be summarized
as follows. The change in direct requirements due to mix was calculated
Computations of Components of Change
A. 1947 direct requirements in 1947 prices
B. 1958 direct requirements in 1958 prices
C. 1947 direct requirements in 1947 prices weighted by
1958 types of construction
D. 1947 direct requirements in 1958 prices weighted by
1947 types of construction
Total change
-
Mix._...._._
Price
All other...
- B-A=1
- C-A=2
-
D-A=3
—- l-(2-|-3)
SURVEY OF CURRENT BUSINESS
May 1965
Table 5.—Total Change and Components
of Change in Direct Input Coefficients
of Total New Construction, for 12 Major
Construction Materials
[Percent change, 1947 to 1958]
Producing industry
Stone and clay mining and
quarrying
Lumber and wood products, except containers
Paper and allied products, except containers
Paints and allied products. Petroleum refining and related
industries
Glass and glass products. __
Stone and clay products
Primary iron and steel manufacturing. _ _ _
Primary ^gpiferrous metals
manufacturing
Heating, plumbing, aiid structural metal products
Other fabricated metal products.
Electric lighting and wiring
equipment
_
Total Mix
Price All
other*
7
24
—22
5
—31
—15
—14
—2
44
-55
—10
-10
—15
-17
69
—28
38
-51
43
23
8
—2
—15
2
7
30
—61
38
33
—8
48
_7
—42
—8
—10
—24
22
-9
3
-11
—6
10
25
-8
30
12
21
—3
i See footnote 1, table 4.
NOTE.—Calculated by dividing the total change and each
component of change (shown in table 4) by the 1947
coefficient.
Source: U.S. Department of Commerce, Office of Business
Economics.
as the difference between the 1947
direct requirements in 1947 prices,
weighted by the 1958 types of construction—and the 1947 direct requirements
in 1947 prices. The change in direct
requirements due to price was calculated as the difference between the 1947
direct requirements in 1958 prices,
weighted by the 1947 types of construction—and the 1947 direct requirements
in 1947 prices. Finally, all other
changes were the residual of the total
change less the mix and the price
changes.
Because of statistical limitations,
caution should be exercised in comparing the construction inputs of the
2 years. First, there are shortcomings
in the indexes used to convert the 1947
construction data to 1958 prices.8
Second, there were statistical prob8 There are inadequacies in the price indexes applicable
to the individual types of construction and to the material
and service inputs. The price indexes for the various types
of construction fail to adjust adequately for changes in contractors' gross margins. In addition, only some of the indexes adjust for changes in labor productivity in the construction industry. Furthermore, the price indexes of individual
goods and service inputs often reflect list prices rather than
actual prices; this deficiency affects both the price indexes
applicable to the individual types of construction and the
price indexes used to deflate the various construction inputs.
0 For example, revisions of the official construction statistics made after the appearance of the 1947 study indicated
that the levels of new and maintenance and repair construction used for the 1947 study were understated. For purposes
of the present comparison, it was necessary to make some
adjustments for this revision. Attempts were made to
adjust the level of all inputs into construction, but deficiencies still remained in the case of gasoline, office and other
supplies, and services (including architectural, engineering,
and equipment rental).
21
than those for the more important
construction materials. In addition,
as noted above, the 1947-58 change for
some of these less important materials
New construction
reflects the deliberate squeezing of
Table 4 shows for both 1947 and supply and service inputs in the 1947
1958 the direct requirements from each study due to the understatement in
of the industries per dollar of total new the levels of construction and an inconstruction and the change over the ability to adjust for this problem.
period. This change is further sepa- For these reasons, the analysis of
rated into each of the three components change from 1947 to 1958 has been
noted above: shifts in the mix of indi- confined to the major materials, those
vidual types of construction, differential whose direct requirements generally
price movements, and the residual of accounted for at least 1 percent of the
all other factors.
value of total new construction.10 The
Certain of the changes shown in
10 Paper, paint, and glass were also included in this catetable 4 may reflect primarily the gory,
although their inputs were less than the 1-percent
inadequacy of the statistics. The in- minimum. It should be noted that the paint on plumbing
which is applied by the manufacturer, and the
puts of several materials were very fixtures,
glass in prefabricated windows are classified as indirect
small and were generally less reliable requirements of these materials.
lems associated with placing the 1947
data on a basis comparable with the
1958 estimates.9
Table 6.—Direct Requirements, 1947 and 1958, Per Dollar of Total Maintenance and Res
pair Construction, and Components of Change
1
Producing industry
9. Stone and clay mining and quarrying
12. Maintenance and repair construction. _
2
1958
1947
direct
direct
require- requirements in ments in
1958
1947
dollars
dollars
_ __ _ _
0.00918
. 00012
3
4
5
6
Components of change
Total
change
1947-58
0. 00777 -0. 00141
. 00006 -.00006
Mix
Price
All
other 1
0. 00027 -0. 00278
. 00001 -. 00004
0.00110
-. 00003
17. Miscellaneous textile goods and floor coverings __
19. Miscellaneous fabricated textile products _ . " _ _ _
. 00117
. 00002
.00006
. 00004
-. 00111
. 00002
. 00004
0
-.00089
. 00001
-.00026
. 00001
20. Lumber and wood products, except containers
24. Paper and allied products, except containers. _ _ _
. 05341
. 00836
. 02476
. 00404
-.02865
-. 00432
-. 00638
. 00009
-. 01453
-. 00359
-.00774
-.00082
. 00217
. 00419
.00202
. 00009
-. 00138
.00331
30. Paints and allied products
31. Petroleum refining and related industries .
32. Rubber and miscellaneous plastics products
35. Glass and glass products.
. 04678
. 03238
. 00166
. 00309
. 05211
. 02222
.00391
.00483
. 00533
-. 01016
.00225
.00174
. 00109
. 00271
.00023
. 00020
-. 01396
-. 00891
.00012
-.00046
. 01820
-. 00396
.00190
.00200
36. Stone and clay products
37. Primary iron and steel manufacturing
_ __
38. Primary nonferrous metals manufacturing
40. Heating, plumbing, and structural metal products __
41. Stampings, screw machine products, and bolts
_
. 01895
.02133
.01241
. 08160
. 00076
. 03247
. 01622
. 01668
. 05223
. 00124
. 01352
-. 00511
. 00427
-. 02937
. 00048
. 00053
-. 00448
. 00078
. 00189
. 00007
-.00168
. 00746
-. 00016
-. 02007
. 00040
. 01467
-.00809
. 00365
-. 01119
.00001
42.
45.
46.
49.
50.
. 01893
. 00181
. 00042
. 00286
. 00004
. 00309
. 00126
. 00049
. 00111
. 00002
-. 01584
-. 00055
. 00007
-. 00175
-. 00002
— . 00241 -. 00467
. 00021
. 00038
. 00022
. 00007
-. 00018 -. 00048
. 00006
. 00001
-. 00876
-. 00114
-. 00022
-. 00109
-. 00009
52. Service industry machines
_ 53. Electric industrial equipment and apparatus
54. Household appliances
_.
55. Electric lighting and wiring equipment
__ _
56. Radio, television and communication equipment
.00001
. 00059
. 001 19
.01299
. 00343
. 00129
.00467
. 00354
. 00729
.00128
. 00128
. 00408
. 00235
-. 00570
-. 00215
-. 00001
.00001
. 00012
. 00080
-.00176
. 00093
. 00005
. 00577
. 00020
-.00095
.00036
. 00402
-.00354
-. 00670
. 00056
58. Miscellaneous electrical machinery, equipment and supplies
59. Motor vehicles and equipment _
_____
62. Scientific and controlling instruments
64. Miscellaneous manufacturing.
_
__
65. Transportation and warehousing
. 00030
. 00083
. 00013
. 00093
. 03330
. 00029
. 00001
.00094
. 00287
. 01766
-. 00001
-. 00082
. 00081
. 00194
-. 01564
-. 00016
. 00014
. 00004
.00002
-. 00080
. 00027
-. 00036
. 00001
. 00023
-. 00755
-.00012
-. 00060
. 00076
. 00169
-.00729
66. Communications; except radio and television broadcasting _
68. Electric, gas, water, and sanitary services _ _
69. Wholesale and retail trade
70. Finance and insurance
71. Real estate and rental _
_ __
75. Automobile repair and services.— _ _
_.
. 00083
. 00055
. 10234
. 00793
. 00148
. 00908
. 00107
. 00148
. 08170
. 00292
. 00207
.00133
. 00024
. 00093
-. 02064
-. 00501
. 00059
-.00775
. 00006
. 00004
. 00047
. 00078
. 00008
. 00145
-.00026
-. 00024
-.02099
-. 00218
-.00030
-.00235
.00044
. 00113
-. 00012
-. 00361
. 00081
-. 00685
Average without regard to sign (unweighted)
Average with regard to sign (unweighted). .
. 01333
. 01333
. 01025
. 01025
. 00535
-.00308
. 00077
-. 00010
.00337
-. 000251
.00343
-.00047
27. Chemicals and selected chemical products.- _
..
Other fabricated metal products
Construction, mining, and oilfieldmachinery
Materials handling machinery and equipment
General industrial machinery and equipment _ _
Machine shop products
.
1. This is a residual category that represents the combined impact of changes from such influences as characteristics of construction facilities, architectural and engineering design, increased use of machinery and improved methods of operation, use
of prefabricated components and new materials, effects of the substitution on one input for another because of differential
price movements, effects of economies of large-scale operation, interaction of the factors, and statistical errors associated with
the estimates.
NOTE.—Due to data limitations, 10 industries having 1958 inputs were not included in this comparison.
Source: U.S. Department of Commerce, Office of Business Economics.
SUEVEY OF CURRENT BUSINESS
22
12 materials in this group accounted for
58 percent of the inputs of all materials
and services used in new construction
in 1958.
Table 5 shows for the 12 major
materials the percent change from 1947
to 1958 in the direct input coefficients
and the 3 components of the change.
Direct coefficients for 2 of the 12 major
materials changed by less than 10 percent, 8 by 20 to 50 percent, and 2 by
slightly more than 50 percent. Differences in direct requirements for each
of the major materials were attributable
to all three of the components.
Shifts from 1947 to 1958 in the mix
of selected categories of new construction are shown below. This list reveals
that nonresidential buildings, military
facilities, and highway construction
increased in relative importance while
nonfarm residential and public utilities
decreased.
1947
CHART 10
Importance of Maintenance and Repair Construction in
Generating Output in Selected Industries, 1958
10
Percent of Total Output
30
40
INDUSTRY NUMBER & TITLE
1958
47
19
40
26
12
Public utilities
1
Military facilities
- 5
Highways
,
1
Percentages are based on constant dollar data.
9
3
11
The effects of the change in mix were
most pronounced in the case of the
products of stone and clay mining and
quarrying and refined petroleum products. With the increased importance of
highway construction, both groups of
products were more widely used. The
increase in the use of glass, heating,
plumbing, and structural metal products, and electric lighting and wiring
equipment stemmed from the greater
importance of nonresidential buildings,
the effects of which more than offset the
relative decrease in homebuilding. The
relative decline in the use of lumber,
paper, paint, and stone and clay products was associated with the relative
decline in residential construction. The
decreased importance of iron and steel
and nonferrous metals was also a result
of the relative decline of residential
construction, as well as of public utility
construction.
As indicated in table 5, the 1947-58
change in the residual category was less
than 10 percent for five materials,
between 20 and 40 percent for another
five materials, and between 60 and 70
percent for two materials. This last
terials, and increased use of machinery
and improved methods of operating by
the construction industry. Changes
in the characteristics of construction
facilities are an element of mix that
could not be accounted for in the mix
component, 'given the degree of detail
available for individual types of construction. The increased use of machinery may have reduced material
wastage, increased the consumption of
fuels and electric power, and altered the
value-added share of construction costs.
30. Paints & Allied Products
Percent of Total New Construction 1
Residential buildings (nonfarm)
Nonresidential buildings
category consisted of paper products,
which showed the largest increase, and
glass, which had the largest decrease.
The decline in the direct requirements
for glass may be attributable to the
increased use of prefabricated windows.
Consequently, glass appears now as a
more important indirect requirement.
Most of the change in the residual
appears to be related to changes in the
characteristics of construction facilities,
product developments leading to prefabricated components and new ma-
May 1965
9. Stone & Clay Mining & Quarrying
40. Heating, Plumbing & Structural
Metal Products
36. Stone & Clay Products
20. Lumber & Wood Products,
Except Containers
55. Electric Lighting & Wiring
Equipment
38. Primary Nonferrous Metal
Manufacturing
35. Glass & Glass Products
37. Primary Iron & Steel
Manufacturing
31. Petroleum Refining & Related
Industries
42. Other Fabricated Metal Products
24. Paper & Allied Products,
Except Containers
73. Business Services
30
40
Percent of Total Output
U.S. Department of Commerce, Office of Business Economics
May 1965
SURVEY OF CURRENT BUSINESS
Maintenance and repair construction
direct material and service requirements
for construction. In many cases, the
effects of these component changes
were offsetting; thus, the overall change
was somewhat smaller than the component changes.
The occurrence of large changes is not
surprising in view of the 11-year lapse
between the two input-output studies.
Undoubtedly, the changes in direct
requirements were in some measure due
to the abnormal circumstances of the
early postwar period. One would expect smaller changes in direct requirements to occur over other time periods
of equal length. Nevertheless, for years
other than 1958, it will probably still
be necessary to adjust the 1958 direct
requirements for changes in the mix of
construction and for "all other" factors.
The basic data needed to adjust for
major changes in the mix of construction are provided by the detailed inputs
for separate types of construction presented in this article and by the detailed
statistics that are regularly published
for the various types of construction
expenditures. As noted earlier, price
indexes are available for the important
types of new construction. It will be
more difficult to adjust for changes in
the "all other" component. Some modifications, on a judgmental basis, however, can be made for the more significant changes in the characteristics of
individual types of construction. For
example, changes in the regional distribution of housing starts, the increasing
number of bathrooms per dwelling unit,
and the growing importance of central
air conditioning are significant factors
affecting the types of materials used in
residential construction. Other examples of developments which may affect
the construction inputs are the greater
use of concrete and asphalt surfacing
instead of gravel and macadam in highway construction, and the shift in
telephone construction from overhead
to underground lines. Among product
developments that may be inducing
changes in input coefficients, there is
an increasing use of prefabricated metal
windows. Prefabricated partitions and
wall and ceiling panels are becoming
more widely used, and there is a continuing shift from plaster to wallboard.
There is, however, a limit to the
The material and service inputs per
dollar of total maintenance and repair
construction in 1947 and 1958 are compared in table 6. Percent changes in
the coefficients, as well as the components of change, are shown in table 7
for the 12 major materials. These 12
accounted for 63 percent of all material
and service inputs of maintenance and
repair construction in 1958.
Table 7 indicates that changes in the
input coefficients due to shifts in the
mix of individual types of maintenance
and repair construction were generally
small. An exception was the coefficient
for primary iron and steel products,
which decreased by 21 percent. This
was attributable largely to the decline
in the relative importance of maintenance and repair of railroads and local
transit facilities.
The effect of differential price change
was fairly large for most major materials. Relative prices declined for 10
of the materials and increased for only
2. The predominance of these decreases reflected the fact that wage
costs rose more than the prices of
materials used in maintenance and
repair.
The residual component of change
was large in most cases. Five of the
major materials had changes of less
than 15 percent, four had changes of
25 to 49 percent, and three had changes
of 50 to 80 percent. A significantelement in the large residual change
was the decreased importance of major
replacements in maintenance and repair
from 1947 to 1958. These replacements use more materials per dollar
than are used in ordinary maintenance
and repair.11
Evaluation of the Changes of
the Construction Inputs
The foregoing analysis indicates that
changes in the mix of individual types
of construction, in relative prices, and
in "all other" factors resulted in
substantial changes over time in the
11
For example, the replacement share of residential maintenance and repair construction was approximately 35
percent in 1947 and 25 percent in 1958. The shift from major
replacements in 1947 to less extensive maintenance and repair
in 1958 was a consequence of the disappearance of the abnormal conditions of the immediate postwar period. This shift
is an element of mix which could not be accounted for in the
mix component because of insufficient detail.
23
extent one can rely on piecemeal adjustments to adapt the direct requirements
of a given year to another time period.
Furthermore, this alternative is not
feasible for the adjustment of the
indirect and thus total requirements
of construction. The periodic preparation of new input-output tables is
essential for providing the necessary
data. Such tables will be prepared by
OBE for each year covered by the major
economic censuses, with at least one
updated table for an intercensal year.
Appendix
The value of new and maintenance
and repair construction includes the
value-put-in-place of all private and
public construction. The measure is
defined on an activity basis and thereby covers all construction regardless of
who performed the work. It includes
work done on contract as well as work
done by government agencies and nonconstruction firms with their own (force
account) employees, and the value of
materials used in residential and farm
construction performed by households
on a do-it-yourself basis.
Materials, payrolls, profits, overhead,
architectural, engineering, and demolition costs directly associated with the
construction project are part of valueput-in-place. Value-put-in-place refers
Table 7.—Total Change and Components
of Change in Direct Input Coefficients
of Total Maintenance and Repair Construction, for 12 Major Construction
Materials
[Percent change, 1947 to 1958]
Producing industry
Stone and clay mining and
quarrying
Lumber and wood products,
except containers
Paper and allied products,
except containers
Paints and allied products
Petroleum refining and related
industries
Glass a n d glass products. _ _ _ _ _
Stone and clay products
Primary iron and steel manufacturing
_ _ __ __ __
Primary nonferrous metals
manufacturing
Heating, plumbing, and structural metal products. _
.
Other fabricated metal productsElectric lighting and wiring
equipment. _ _ .
Total Mix
Price
ad- All
just- other i
ment
—15
3
—30
12
—54
—12
—28
—14
—52
11
1 -43
2 -30
—10
39
-31
56
71
8
6
3
-27
-15
-9
—12
65
77
-24
-21
35
-38
34
6
—1
29
-36
-84
2
-12
-24
-25
-14
-47
-44
6
2
-52
i See footnote 1, table 6.
NOTE.—Calculated by dividing the total change and each
component of change (shown in table 6) by the 1947
coefficient.
Source: U.S. Department of Commerce, Office of Business
Economics.
24
to work done during a given time period
regardless of the starting and completion date of the entire construction
project. For the present study, only
that part of a project worked on during
calendar year 1958 is included.
The separation between private and
public construction, and within the
public category, between Federal construction and State and local construction, is based on ownership, not on the
source of financing. Privately owned
facilities receiving government grants,
loans, and insurance for construction
are classified under private construction. State-owned and locally-owned
facilities receiving Federal grants are
classified under State and local construction.
Equipment that is an integral part
of the facility and essential for its general use is included in the value of
construction. Some examples are elevators, heating, plumbing, and electrical fixtures. Equipment items that are
not structurally part of the facility or
that are meant for a special rather than
for general use of the facility are not
included in construction value. Examples are refrigerators and ranges, and
fixed conveyor lines in factories.
New construction (industry 11) covers
the original work, and additions and
alterations that increase or alter the
stock of facilities. It includes buildings
and nonbuilding structures such as
housing, schools, factories, highways,
oil and gas well exploration and drilling,
sewage and water systems and, in the
case of business, other comparable outlays charged to capital account. The
value of new construction work by construction contractors (SIC 15, 16, and
17), operative builders (part of SIC
6561), and establishments performing
oil and gas field services (SIC 138) is
included in new construction. Also included are oil and gas field services that
are performed in the mining industries,
force account construction done by government agencies and nonconstruction
firms with their own employees, and
manufacturers' receipts from the installation of construction-type equipment.
The category also embraces the value
SURVEY OF CURRENT BUSINESS
of materials of household do-it-yourself
new construction.
Maintenance and repair construction
(industry 12) covers the upkeep and
restoration of existing facilities of the
same sort specified under new construction. Oil and gas well drilling and exploration are excluded.
In the case of business, maintenance
and repair costs are charged to current
expense; government maintenance and
repair is represented as a government
purchase. The category includes the
value of maintenance and repair work
done by construction contractors (SIC
15, 16, and 17), the work performed by
force account employees of government
agencies and nonconstruction firms, as
well as the value of materials used in
household do-it-yourself maintenance
and repair construction.
Data sources
The activity totals for new and maintenance and repair construction are
based primarily on the value-put-inplace series prepared by the Bureau of
the Census. The levels for new construction appeared in the Census publication Value oj New Construction Put
in Place, 1946-63, revised (C30-6 supplement). The levels for maintenance
and repair construction for 1958 were
presented in the October 1963 issue of
Construction Review, and for 1947, in
Construction Volume and Costs, 1958,
publications of the Business and Defense
Services Administration. The OBE
estimate of oil and gas well drilling and
exploration is added to the value-put-inplace total of new construction.
The only adjustments to these published data were, in maintenance and
repair construction. The most significant adjustment was a reduction in the
value of residential maintenance and
repair construction to correspond to
the maintenance and repair expenses
used in the national income estimate of
rental income.
Estimates of each type of material
and service used in total construction
activity (new as well as maintenance
May 1965
and repair) were derived from the
distribution of output of each of the
producing industries, developed in the
compilation of the 1958 input-output
table. Similarly, value added was obtained primarily as a composite for all
construction, by using data on national
income originating in the contract
construction industries, supplemented
by information from the Internal Revenue Service, Bureau of the Census,
and other Government agencies.
Detailed estimates of materials, services, and the value added for each
type of construction were based in
part on construction expenditure studies
of the Bureau of Labor Statistics,
Bureau of the Census, Bureau of Public
Roads, Business and Defense Services
Administration, Veterans' Administration, Agricultural Marketing Service,
Rural Electrification Administration,
Forest Service, Bureau of Reclamation,
Federal Reserve Board, McGraw-Hill
Publishing Co., American Institute of
Architects, National Society of Professional Engineers, Independent Petroleum Association of America, National
Association of Home Builders, American
Gas Association, Ebasco Services, Inc.,
and Foster Associates, Inc. Data were
also obtained from a special survey of
the costs of construction contractors
conducted by the Bureau of the Census.
Administrative reports of the Interstate
Commerce Commission, Federal Power
Commission, Federal Communications
Commission, Corps of Engineers, and
National Park Service and discussions
with construction contractors were
other major sources of data on inputs
by type of construction.
Because of variations in the reliability of these sources, the inputs
for only selected types of construction
are published in this article. The
published data are limited to estimates
based on representative samples of
construction projects showing specific
material and value-added costs. Inputs for the unpublished types of
construction, which are less reliable, are
available upon request to the OBE.
U.S. GOVERNMENT PRINTING OFFICE: 1965 O - 770-264
CURRENT BUSINESS STATISTICS
A HE STATISTICS here update series published in the 1963 edition of BUSINESS STATISTICS, biennial Statistical Supplement to the SURVEY
OF CURRENT BUSINESS. That volume (price $2.00) contains data by months, or quarters, for the years 1959 through 1962 (1951-62, for major
quarterly series) and averages of monthly or quarterly data for all years back to 1939; it also provides a description of each series and references
to sources of earlier figures/Series added or significantly revised after the 1963 BUSINESS STATISTICS went to press are indicated by an asterisk
(*) and a dagger (f), respectively; certain revisions for 1962 issued too late for inclusion in the aforementioned volume appear in the monthly
SURVEY beginning with the August 1963 issue. Also, unless otherwise noted, revised monthly data (for periods not shown herein) corresponding
to revised monthly averages are available upon request.
Statistics originating in Government agencies are not copyrighted and may be reprinted freely,
through the courtesy of the compilers, and are subject to their copyrights.
1962 | 1963 j 1964
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1962
I
Annual total
j
II
Data from private sources are provided
1963
III
I
IV
II
1964
III | IV
I
II
1965
III
IV
I
Seasonally adjusted quarterly totals at annual rates
GENERAL BUSINESS; INDICATORS—Quarterly Series
NATIONAL INCOME AND PRODUCT
bil. $__
455.6
478.5
510.1
447.2
454.3
457.8
463.2
467. 9
474. 6
481.9
490.0
498.4
do _
323.1
340. 3
361.7
316.6
322. 4
325. 3
328. 0
332.7
338.1
342.7
347. 7
352 5
Wages and salaries, total__
________._do
Private
........do
Military
_________--.-_do___.
Government civilian
do
Supplements to wages and salaries
_do____
Proprietors' income, totaled
do
Business and professionalcT
do.
Farm
• _ - • do
Rental income of persons
do
Corporate profits and inventory valuation adjustment total
bil. $
297.1
241.6
10.8
44.7
25.9
49. 8
36.6
13.2
12. .2
312.1
252.9
10.9
48.3
28.2
50. 6
37.6
13.0
12.3
331.6
267.4
11.8
52.4
30.1
52.0
39.3
12.7
12.4
291.2
236.5
11.1
43.6
25.4
50. 0
36. 3
13.7
12.2
296. 6
241.5
11.0
44. 1
25.8
49. 9
36.6
13.3
12.2
299.2
243.5
10.7
45.0
26. 1
49. 7
36.7
13.0
12.2
301.6
244. 8
10.5
46.3
26.4
49.7
36.9
12.8
12.2
305.3
247.5
10.6
47 2
27.4
50 3
37.1
13.2
12 3
310.1
251.6
10.7
47 8
27.9
50. 1
37.3
12.8
12 3
314.3
255.0
10.7
48 7
28.4
50 7
37.8
12.9
12 4
48.4
50.8
57.4
47.1
48.0
48.3
50.3
49 1
50 2
51 4
Corporate profits before tax, total
do
Corporate profits tax liability
_do ._.
Corporate profits after tax___. _ _ _ _ _ ;
do
Dividends
do
Undistributed profits __
_ __
do
Inventory valuation adjustment
__do___-
48.2
23.2
25.0
16.5
8. 5
51. 3
24.6
26.7
18.0
8.7
-.4
47.2
22.7
24.5
16.1
47.9
23.0
24.9
16.4
48. 1
23.1
25.0
16 5
49.4
23.8
25.7
17.1
.3
57 6
25 8
31.8
19 8
11.9
2
8.5
.0
8.5
.1
8.6
.9
48 9
23 4
25.5
17 2
83
.2
51 1
24 5
26.6
17 7
89
--.9
51 3
24 5
26.7
17 9
89
22.1
24 4
26 8
21 3
21 8
22 3
22 9
23 5
24 0
556.2
583.9
622.6
545.5
553. 4
559.0
566.6
571.8
577.4
356.8
375.0
399.3
350.5
354.0
358.5
364. 0
369. 2
48 4
20.6
20.2
162. 0
29 9
84.6
12 3
146 4
21 6
46 5
11.3
52 1
22.7
21.4
167.5
30 7
87 1
12 8
155 3
22 7
48 9
11 7
57 0
24.2
24.0
177.3
33 4
91 7
13 5
165 1
24 4
51 5
12 2
47 4
19.7
20.1
159. 5
29 6
83 2
12 2
143 6
21 3
45 6
11 1
47 7
20.3
19.9
161.0
29 7
84* 1
12 2
145 3
21 3
46 2
11 2
48 4
20.5
20.3
162.9
30 0
85 2
12 3
147 2
21 7
46 8
11 4
50 2
21.8
20.6
164.4
30 2
85 9
12 5
149 5
22 0
47 5
11 5
51 1
22.4
20.8
166.0
30 4
86 4
12 7
1*52 1
22 4
48 0
11 6
79.1
82 0
87 7
77 4
78 9
80 2
79 9
44 2
23 6
29.0
5.9
53
46 6
25 2
31.0
4.4
39
48 9
26 0
35. 1
3.7
36
42 5
22 5
28.1
6.9
6 4
44 1
23 5
28.8
6.1
55
*45 5
24 4
29.6
5.1
4 4
AA Q
O^ Q
94 °.
25 1
29.7
5.4
48
29.6
3.6
30
30.7
3.6
32
4.0
29 2
25 2
4.4
30 7
26 3
7.0
35 2
28 2
3.4
28 0
24 6
4.3
29 6
25 3
4.4
29 7
25 3
Govt. purchases of goods and services, total, do. ...
Federal (less Government sales)__.______"do"_"
National defense 9 _ _ _ _ _ _ _ _
do
State and local........
_ _.
do
116.3
62.9
53 6
53 5
122.6
64.7
55 2
57 9
128. 6
65.5
5*i 4
63 0
114.3
61.4
59 5
52 8
116.1
63.6
55 3
52 5
115. 9
62.4
53 0
53 5
118. 7
63.8
53 5
By major type of product :f
Final sales, total...
Goods, total...
Durable goods...
Nondurable goods
Services.
_
_
Construction
do____
do
do____
_ _ _ _ _ _ _ _ . _ _ _ _ _ d o . .'
do
__ _
(jo-
550.3
273 6
102.3
171.3
214 7
62 0
579.5
285 8
108.2
177.6
228 4
65 2
618.9
305 6
118. 0
187. 6
244 3
69 0
554. 0
in ventory change, total
Durable goods...
Nondurable goods
_ _ _ _ _ _ do
..___..
"do """
— _ _ . - _ _ _ _ _ _ do
National income, totalf
Compensation of employees, total
Qross national products totalf..-— --
__._do____
Personal consumption expenditures, total __do
Durable goods, total©
do
Automobiles and parts — _ _ _ _ _ _ _ _ _
do____
Furniture and household equipment-.-do....
Nondurable goods, total © _ _ _ _ _ _
__do___.
Clo thing and shoes _ _ _ _ _ _ _ _ _ _
do
Food and alcoholic beverages _ _ _ _ _ _ _ do__ _
Gasoline and oil
do
Services, total ©_
.______-.
do
Household operation...
;
do
Housing
_
_„_
do
Transportation ____
_ .....
do
Gross private domestic investment, total. _ _do
New construction. _ _ _
do
Residential nonfarm. _ _ •. _
do
Producers' durable equipment-.
___.do____
Change in business inventories...—
_do____
Nonfarm__
,
_ _ _ • do
Net exports of goods and services_____
Exports...—
...
Imports..
;
__do____
do
do
„
8.4
-.1
538.7
OCO
Q
100.2
168.7
9i n o
59 8
514.5
520.6
p 534. 3
358 6
364 8
370.6
378 3
323.2
260. 8
11.7
50 7
29.4
512
38 6
12. 6
12 4
328.7
265.3
11.7
51 7
29.9
51 7
39 1
12 6
12 4
334.4
269.4
11.8
53 2
30.4
52 1
39 6
12 6
12 4
339.9
274.0
11.9
54 0
30.7
52 8
39.9
12. 9
12.5
347.2
280.5
11.9
54 9
31.1
52 7
40 4
12. 2
12 5
53 1
56 4
57 9
58 1
57 0
»62 6
.2
54 3
26 0
28 3
1° 1
9 2
—1 2
56 6
25 4
31 2
19 4
11 8
— 2
57
26
31
19
12
—
58 0
26 0
32 0
20 0
12 0
'1
57 7
25 9
31.9
20 2
11 7
p64 0
*>27 5
*>36 5
20 5
p 15 9
r
— 1. 4
24 7
25 4
25 9
26 5
27 i
27 6
28 2
587. 2'
599. 0
608.8
618.6
628. 4
634. 6
'648.8
372.0
377.4
381.3
390.0
396.1
404. 6
406.5
* 418.1
51 5
22.6
21.0
166.6
30 1
86 9
12 8
153 9
22 4
48 6
11 7
52 2
22.6
21.6
168. 6
31 3
87 3
12 9
156 6
22 9
49 2
11 7
53 6
23.2
22.3
168.9
30 9
87 8
55 9
24.3
23.1
172. 9
32 1
89 7
158 8
23 0
49 8
11 8
161 1
2^ 5
50 5
12 0
57 0
24.1
24. 2
175.3
33 2
90 6
13 5
163 8
24 0
51 1
12 2
58 7
25. 6
24.2
179.5
33 8
92 8
13 5
166 4
24 8
51 8
12 2
56 3 r Q2 0
22.8
'28.5
24.5 r 24. 3
181.3 '184.3
34 3 r 34 9
r 94 g
93 6
r
13 7
13 9
169 0 r 171 7
r 25 5
25 1
52 4
53 1
12 3
12 5
77 9
80 2
82 8
87 1
85 9
87 2
87 3
AA 7
AK Q
47 9
oc 7
35. 6
2. 8
2 7
25 4
nc n
9fi Q
48 Q
9fi 9
31.4
4.2
37
32.4
6.4
6 0
34. 2
2.5
2 2
34.6
3. 7
34
4.2
5.8
7. 7
qq
5.7
7
qe 7
9ft Q
9fi 8
97 Q
98 7
121. 4
65.
1
K
4 8
120. 9
64.3
55 2
122.8
64.4
55 5
124.8
64.9
125. 2
64.3
129.6
67.1
129. 5
65.5
CO A
cc o
KQ Q
98 8
9C A
KA Q
10 q
9fi B
3. 4
K
f)K
iq A
9
0
9
8
1
1
on K
9fi 3
3.9
9Q 4
318.8
257. 6
11.7
49 6
28.8
51 5
38. 3
13.2
12 4
CO O
4.3
Kf> 7
M A
fin o
7.0
K7 A
KK
9
on K
ft4. 1
—.7
94 7
90 4
r
48 7
25' 1
36.0
5.7
61
- An n
r 9fi 9
7.7
37 1
29 4
37.9
••6.8
r7 0
'5.0
r 98 7
130.0
65.3
55 3
64 6
* 131. 0
'65.1
r
54 4
r fi^ Q
970 c
561. 2
Q
978 9
568. 2
573.7
583.0
592. 6
606. 4
614. 9
625.7
628.8
970
641.9
103. 5
170.0
101. 4
172. 6
104.1
174.1
105. 0
175. 8
111.0
175. 5
106. 6
179.1
110.4
179. 9
114.3
183.9
119.0
185.4
120. 7
189. 8
117. 9
191.7
122.8
194.0
fi9 7
£»o 7
RQ n
7O 9.
3.6
3. 6
4.2
1 C
6.4
2. 5
3.7
2.8
5.7
6.8
547. 3
91 9 9
61 6
5.9
4.4
6.9
6.1
3.7
2 Q
30
2 2
39
31
2.' 9
2.2
1.7
2! 9
3.0
r Revised * Preliminary. fRevised series. Estimates of national income and product
and personal income have been revised back to 1961 (see p. 8 ft of the July 1964 SURVEY):
revisions prior to May 1963 for personal income appear on p. 15 of the July 1964 SURVEY
770-264 O - 65 - 3
507.1
91 fi 8
cq 9
A
m
cq n
5.1
31
5.4
qno a
OCA q
1 c
q 7
1 R
9 7
5
2.Q
3.6
2. 1
2.0
.9
2.7
3.4
1.5
.9
1.2
I.S
cflncludes inventory valuation adjustment. ©Includes data not shown separately.
9 Government sales are not deducted.
Q
S-l
SURVEY OF CURRENT BUSINESS
S-2
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1964
1962 j 1963
Annual total
III
IV
I
II
1965
1964
1963
1962
II
May 1965
III
IV
I
II
III
IV
I
II
GENERAL BUSINESS INDICATORS—Quarterly Series—Continued
NATIONAL INCOME AND PRODUCT— Con.
Quarterly Data Seasonally Adjusted at Annual Rates
GNP in constant (1954) dollars
Gross national product totalf
bll $
476.4
492.6
516.0
475.1
478.3
483.0
485. 4
487.9
494.8
502.0
508. &•
513. 5
519.6
522.7 '532.2
Personal consumption expenditures, total.. do
318.5
330.6
347.5
316.6
319.8
323.6
327.0
328.6
332.4
334.4
340.9
345.0
351.8
352.4
360.6
45.7
148.3
124.5
49.3
151.6
129. 7
54.2
158.8
134.6
44.9
147.8
123.8
45.6
149. 1
125.0
47.6
149. 5
126.5
48. 5
150.7
127.8
48.6
151. 1
128.9
49. 4
152.5
130. 6
50.8
152.1
131. 6
53.1
155. 2
132.6
54.0
157.4
133. 7
55.6
160.9
135.3
53.9
161.9
136.6
58.9
163.9
137.9
65.9
71. 7
70.1
70.8
70.4
72.7
76.1
38.6
29.2
2.5
38.2
29.5
5.0
39.1
31.0
6.0
Durable goods
Nondurable goods
Services
______
do
do
..do
•
Gross private domestic Investment total
do
New construction
do___
Producers' durable equipment _ _
do____
Change In business Inventories....
do
Net exports of goods and services...
do....
Govt. purchases of goods and services, total-do. ...
Federal
-do
State and local _
.
.
do. .
DISPOSITION OF PERSONAL INCOMEf
Quarterly Data Seasonally Adjusted at Annual Rates
Personal Income, total
__ bil. $
Less* Personal tax and nontax payments
do
Equals* Disposable personal Income
do
Personal savin** §
do
NEW PLANT AND EQUIPMENT
EXPENDITURES
Unadjusted quarterly or annual totals:
All Industries
bll $
67. 7
71.0
65.8
66.3
66.5
64.7
66.2
68.1
36.7
24.0
5.2
37. 9
25.6
4.1
38.9
28.8
3.3
36.6
23.8
5.4
37.5
24.4
4.4
37.0
24.7
4.9
36.8
24.6
3.4
37.5
25.4
3.3
38.2
25.9
4.0
39.0
26.8
5.9
39.6
28.1
2.4
39.2
28.3
3.3
2.2
2.2
4.6
2.8
2.8
2.1
1.3
2.1
2.0
3.5
5.4
3.4
4.5
5.2
2.7
89.4
49.2
40.2
90.7
49.9
40.9
92.4
50.7
41.8
91.0
49.4
41.7
92.3
49.6
42.7
92.4
48.9
43.4
91.6
47.8
43. 8
94.3
49.8
44.5
92.8
47.8
45.0
92.4
47.3
45.1
92.8
47.1
45.8
474.5
480.9
487.9
494.5
89.8
49.4
40.3
92; 1
49.7
42.4
92.8
48.2
44.6
89.9
50.2
39.8
442. 4
57.9
464.1
61.6
402.5
491.4
59.5
431.8
441.0
57.6
383.4
444.5
58.5
386.0
449.7
59.3
390.4
455.2
60.1
395.1
460.2
61.1
399.1
466.3
61.9
404.4
63.3
411.2
27.8
27.5
32. 5
29.4
27.5
26.4
25.9
27.1
27.0
384.6
502. 2
511.6
60.2
«• 63. 3
442. 1 r 448. 3
61.4
419.5
430.2
57.7
58.8
435. 6
29.9
29.5
34.0
31.0
35.5
11.09
f
'3Q.2
37.31
39. 22
44.90
9.50
9.62
10.18
8.25
9.74
10. 14
9. 40
11. 11
11.54
12.84
Manufacturing
Durable goods Industries
Nondurable goods Industries ._
...do..
do___.
__ do
14.68
7.03
7.65
15.69
7.85
7.84
18.58
9.43
9.16
3.69
1.77
1.92
3.72
1.79
1.93
4.13
2.03
2.10
3.27
1.62
1.65
3.92
1. 96
1.95
3.95
1.96
1.99
4.56
2.31
2.25
3.79
1.93
1. 87
4.53
2.30
2.23
4.67
2.37
2.30
5.59
2.83
2.76
4.61
2.30
2.31
5.44
2.70
2.73
Mining
_______
Railroads
Transportation, other than rail
Public utilities
Communications
Commercial and other
_
do
do
do
do
do
do
1.08
.85
2.07
5.48
3.63
9.52
1. 04
1. 10
1.92
5.65
3.79
10.03
1.19
1.41
2.38
6.22
4.30
10.83
.27
.26
.60
1.37
.93
2.37
.28
.24
.50
1. 54
.87
2.48
.27
.20
.50
1.52
.95
2.60
.24
.21
.39
1.04
.85
2.26
.26
.28
.54
1.40
.95
2.41
.27
.29
.45
1. 60
.93
2.64
.28
.33
.54
1.61
1.06
2.72
.26
.32
.51
1.18
.97
2.37
.29
.36
.63
1.58
1.10
2.61
.30
.37
.59
1.71
1.06
2.84
.33
.35
.64
1.76
1. 17
3.01
.28
.42
.56
1.25
.34
.42
.78
1.64
3 3. 74
3 4. 13
36.95
38.35
37.95
36.95
38.05
40.00
41. 20
42.55
43. 50
45. 65
47.75
14.45
6.95
7.50
15.05
7.25
7.80
15.00
7.30
7.70
14.85
7.35
7.50
15.30
7.65
7.65
15.95
8.00
8.00
16. 45
8.30
8.15
17. 40
8.85
8.55
17.80
9.00
8.80
18.85
9.60
9.20
20.15
10. 15
10.00
20. 95
10. 60
10.40
21.30
10.60
10.70
1.05
.95
2.25
5.40
3.65
9.25
1.10
1.00
2.00
5.75
3.60
9.85
1.00
.80
1.90
5.45
3.60
10.20
1.05
.90
1.70
5.20
3.55
9.65
1.00
1.00
2.05
5.45
3.65
9.65
1.05
1.20
1.85
5.90
3.85
10.20
1.05
1.35
2.10
5.80
4.05
10.45
1.15
1. 40
2.30
5.95
4. 05
10.25
1.15
1.25
2.25
6.30
4.30
10. 45
1.20
1.50
2.40
6.30
4.40
11. 00
1.30
1.55
2.60
6.35
4.40
11.40
1.20
1.75
2.50
6. 40
1.30
1.45
2.75
6.45
4,790
4,800
4,815
4,825
4, 835
4,850
4,860
4,875
4,895
4, 910
4,930
Seas. adj. qtrly. totals at ann.ua! rates:
Railroads
do
Transportation, other than rail
_____do
Public utilities
do
Communications
do
Commercial and other
do
BUSINESS POPULATION
Firms In operation, end of quarter (seasonally adjusted)
thous
<4,755 < 4, 797
U.S. BALANCE OF INTERNATIONAL
PAYMENTS*?}
Quarterly Data are Seasonally Adjusted
U.S. payments, recorded.
...mil. $_. 33, 486
Imports:
Merchandise
Military expenditures
Other services
do
do
do
16, 134
3,044
5,843
35, 990
39, 781
8,151
8,312
8,576
8,724
9, 713
8,482
9,071
9, 289
9,754
10, 026
10, 712
16, 996
18,638
2,807
6,869
4,058
749
1,462
4, 088
745
1,465
4,040
792
1,504
4,037
747
1,543
4,212
731
1,588
4,368
711
1,654
4, 379
708
1,657
4,416
717
1, 672
4,605
2,897
728
1, 706
4,716
694
1, 728
4,901
668
1, 763
6, 442
Remittances and pensions... —
do..—
Govt. grants and capital outflows.. ..... ...do
4,293
4,522
826
830
4, 277
189
1,065
177
1,066
185
1,088
209
1,060
209
1,336
206
1,009
202
1,117
197
928
206
1,103
212
1,098
215
1,148
U S private capital (net)
Direct investments
Long-term portfolio
Short-term
do
do
do
do
3, 434
1 654
1,227
553
4,307
1,888
1,685
734
6,360
2,297
1,956
2,107
628
446
303
-121
771
417
208
146
967
531
326
110
1,128
618
546
-36
1,637
477
598
562
534
235
303
-4
1,008
558
238
212
1,359
513
236
610
1,406
568
283
555
1, 578
577
597
404
2,017
639
840
538
do
32, 394
33,685
37,913
7,925
8,408
8,355
7,780
8,429
8,596
8,880
9,308
9,124
9,614
9,867
do
.do
20, 576
21,989
25, 219
11,304
5,237
2,397
5,288
2,339
5,019
2, 574
4,990
2,545
5,472
2,505
5,610
2,427
5,917
6,108
2,876
6,053
2,785
6,372
2,875
6, 686
2,554
694
696
237
54
606
175
287
475
166
79
190
262
424
135
189
220
••211
113
192
94
190
177
101
312
-1,092 -2,305 -1,868
-893
-1*111 -339
-2,203 -2,644 -2, 761
-226
-214
96
-430
-221
-460
-944
-118
-1,284
-11
114
-267
-191
57
rl9
-138
-630
-31
-412
-247
-845
-477
-1,062 -1,295
-153
-134
-119
-661
-659
-1,322
U.S. receipts, recorded
Exports:
Merchandise
Services and military sales
Repayments on U.S. Govt. loans
do....
Foreign capital other than liquid funds (net) . do.
Excess of recorded receipts or payments (— ).._ do
Unrecorded transactions (net)
do
738
9,508
1,280
1,030
10, 031
969
696
Total, net receipts or payments (— )
do
-440
-334
Net receipts or payments (— ), Incl. transactions in
nonmarketable, medium-term convertible Govt.
securities
mil. $_.
-1, 942 -2,386
T
Revised.
» Preliminary,
i Estimates for Jan.-Mar. 1965 based on anticipated capit il expenciitures oi business.
2 Estimates for Apr .-June 1965 based on anticir>ated ca pital exF enditure s of business,
Anticipated expenditures for the year 1965 are as 1ollows 0 n bil. $) : All ind ustries, 50.17;
manufacturing, total, 21.53; durable goods industi ies, 10.71 ; nondurable goo ds industries,
10.83; mining, 1.31; railroads, 1.62; transportation,
2. 57; publi c utilities, 6.56; C()mmerciai and
3
other (incl. communications), 16.58.
Includes cc >mmuiiications.
-681
U0.85 212.72
148.85 249.65
316.00 316.40
2,768
-456 -1, 272
-712 -1,143
-539
22
-119
-109
< U rladjustec I. Data represen t firms i n operat ion as oi Jan. 1- estimat(i for Jan. 1, 1963
is bas ed on in complete data.
fSee co [respond ing note on p. S- . (revisious for qtrs. of 1961
appea r on p. 8 ff . of theJuly 1964 SURVE Y).
§Pe rsonal sa ving is excess of clisposabl e income over pe rsonal ccmsumpti on expenditures
showi i as a COEuponent of gross D ational Fwoduct on p. S-l.
cflV [ore coniplete dc>tails are given iri the qu arterly reviews in the htar., June, Sept.,
and I)ec. issue s of the iSURVEY.
tRejvised da ta for 19€ 0-61 appear on p. 10 of the June 19(54 SUEVI•Y.
SURVEY OF CURRENT BUSINESS
May 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1965
1964
1963 1 1964P
Monthly
average
S-3
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr."
GENERAL BUSINESS INDICATORS—Monthly Series
PERSONAL INCOME, BY SOURCEf
Seasonally adjusted, at annual ratesrt
Total personal income
491.4
494.9
497.9
498.7
502.3
505.9
Z508.2
510.2
511.0 '513.8
514.5
330.1
331.8
334. 6
337. 2
337.3
340.4
342.6
344. 7
347.3
349.6
349.5
128.7
102.3
84.2
129. 4
102. 7
84.6
129.9
103.0
85.2
130.8
103.8
85.7
132. 1
105.1
86.3
130. 7
103.4
86.8
133.2
105.6
87.3
134.6
106. 8
87.7
135. 6
108.0
88.2
136.7 ' 138. 0
108.8 '109.9
89.0
89.6
137.3
109.4
89.7
52.1
63.0
13.9
52.3
63.4
14.0
52.4
63.8
14.1
52.6
64.1
14.2
52.9
65.1
14.2
53.4
65.4
14.3
53.7
66.0
14.4
53.9
65.9
14.5
54.1
66.2
14.5
54.4
66.5
14.6
54.8
66.8
14.7
55.0
67.1
14.7
55.1
67.4
14.8
38.8
12.4
39.0
12.5
39.1
12.6
39.3
12.6
39.5
12 A
39.6
12.6
39.7
12.7
39.8
12.7
39.9
12.9
40.1
13. 1
40.3
12.7
40.4
12.2
40.5
11.9
40.6
12.1
12.4
19.8
36.0
38.2
12.4
19.6
35.3
37.8
12.4
19.8
35.6
38.2
12.4
19.8
35.7
38.0
12.4
19.9
35.9
37.6
12.4
20.0
36.0
37.8
12.4
20.0
36.2
38.0
12.4
19.9
36.5
38.0
12.5
19.9
36.7
38.3
12.5
19.9
36.9
38.4
12.5
20.6
37.2
38.5
12.5
20.4
37.4
240.8
12. 5
20.6
37.6
38.9
12.5
' 20. 7
37.8
'39.2
12.5
20.9
38.0
39.3
11.8
12.7
12.4
12.5
12.5
12.6
12.7
12. 8
12.9
12.9
13.0
13.1
13.2
13.2
13.2
13.2
446 6
474.2
466. 1
469. 7
470. 7
472.1
474.4
477.8
480.6
481.4
485.0
488. 6
2493.2
494.5 '497.6
498.1
2,610
2 533
2 314
2 512
2 726
3,431
3, 743
5 240
4, 208
3 635
3,369
2,496
2, 709
2,414 2 434
773
781
1 641 1 653
432
427
899
931
262
256
2 294
723
1 571
452
819
260
2,495
970
1,525
418
827
254
2 683
1,121
1 562
400
873
272
2, 925
1,315
1,610
396
902
296
3,486
1,717
1 769
388
1 054
308
4 603
2 620
1 983
'420
1 216
330
4, 103
2,324
1 779
409
1 052
'306
3,585 3,283
1,914
1,630
1 671 1 653
430
427
932
933
255
288
2, 359
864
1,495
408
826
226
2,459
740
1,719
448
974
253
'464.1 '491.4
482.9
486. 6
487.8
489.3
do—
312.1
331.6
325.1
327.7
328. 7
Commodity-producing industries, total.do —
Manufacturing only
..
..
do
123.3
98.0
80. 3
129. 8
103.0
84.9
127.4
101.1
83.1
128.8
102.3
83.7
49. 3
59.2
13.1
52.6
64.2
14.1
51.9
62.7
13.8
37.6
13.0
39.3
12.7
12.3
18.0
32.9
36.7
bil. $.
Wage and salary disbursements, total
Proprietors' income:
Business and professional
Farm
Personal interest Income
, •
do —
— do...
—
.—do..,
Less personal contributions for social insurance
bil.$.
Total nonagricultural income
-
.-do
FARM INCOME AND MARKETINGS*
Cash receipts from farming, including Government
payments (48 States) total!
mil $
Farm marketings and CCC loans, total
Livestock and products total 9
-do
- -do
]Vf eat animals
-do
Poultry and eggs
-do
Indexes of cash receipts from marketings and CCC
loans, unadjusted:*
All commodities
;
1957-59=100—
Crops
- - do.
Indexes of volume of farm marketings, unadjusted:*
All commodities
- 1957-59=100—
Livestock and products
-do _
3 218 3,243
3 077 3,062
1 420 1,402
1 657 1 661
415
403
952
939
279
275
115
124
108
114
122
108
90
68
107
91
68
107
85
63
102
93
85
99
100
98
101
109
115
105
130
150
115
171
228
129
153
203
116
133
167
108
122
142
107
88
75
97
91
64
112
115
118
113
118
117
118
90
56
115
91
52
120
88
48
117
101
84
114
110
107
112
117
120
114
133
149
122
175
221
141
157
196
128
137
161
119
127
143
115
87
66
102
89
49
119
INDUSTRIAL PRODUCTIONd"
Federal Reserve Index of Quantity Output
Gnadj., total index (incl. utilities) cf-. 1957-59=100..
By industry groupings:
Manufacturing total
do
Durable manufactures
do
Nondurable manufactures
do
Mining
do
Utilities.
—
do
124.3
132.0
129.0
131.7
132.3
133.9
127.6
132.9
136. 5
135.0
135.9
124 9
124 5
125 3
107 9
140.0
132.9
133. 2
132. 4
110 9
150.5
130.0
131.3
128.4
107.6
133 0
134 1
131 7
109 8
133 7
134 8
132 3
111 7
135 2
136.4
133.6
112 6
127 9
128 8
126 7
107 0
133 1
129.6
137.4
113 0
137 4
136.8
138.2
113 3
IOC ft
m
137 4
138 6
135 8
113 3
135,2 '136.8 '139.2 ' 141. 4
136 2 r 137 6 r 14Q 5 ' 143 3
140 6 r 143 5 r 147 i
140 4
131 0 r 133 g r 136 9 r 138 5
111 9 111 0 r Hi 1 r HQ 9
135. 6
136 2
132.4
135 1
134 8
152. 5
129 1
135.7
134 6 igg 5 r 13g 1 r 14fl 3
132 6 r 135 7 r 137 4 r 1 9.Q R
155. 5 156.3 '160.8 ' 167.0
125 3 ' 129 1 129 9
139.0 ' 138. 3 ' 139. 8 ' 141. 9
144
135 8 r 137 Q 140 1 r 149 Q
135.0 135.7 'r 138. 9 ' 143. 0 145
136.6 ' 138. 3 141. 3 ' 141. 6 144
132 2
140 8K
By market groupings:
Final products, total
Consumer goods
Automotive and home goods
Apparel and staples
Equipment, including defense
do
do
—do—
do
do—-
124 9
125 2
134.4
122.3
124.2
131 5
131 3
142. 1
127.8
132.0
128 5
127.7
144. 1
122.5
130.1
130 7
130 3
148.3
124. 6
131. 5
130 5
130 0
145.9
124.9
131.8
133 3
133 2
149.6
127.9
133. 5
127 5
126 3
128.6
125 6
130.1
131 4
131 5
117. 1
136.1
131.1
136 1
137 1
144.0
135.0
134. 0
Materials __
„ _
_
Durable goods materials
Nondurable materials
—
do—
—do—do
123.7
121.2
126.3
132 5
131.0
134.0
129.6
127.4
131. 8
132 6
131.2
134.0
133 9
133. 9
133. 9
134 5
134.9
134.1
127 8
127. 7
127.8
134 2
132.6
135.9
136 8
136.3
137.3
•JOK ft
131. 3
138.9
136 6
135. 4
138.0
.do. —
124.3
132.0
129.0
130. 5
131. 3
131.6
132.9
133.8
134.0
131.2
135. 0
137.7 ' 138. 4
T
do
124 9
132 9
129 9
131 4
132 2
132 4
133 9
134 5
134 9
m
IOC ft
1OQ 1
r 14O fi
r 14fl Q
do
dodo— .
do
do
do-
124.5
113 3
109.6
126. 7
123.4
120.2
133. 2
128 2
125. 6
137.6
132.6
130.3
130. 0
120 9
118.1
142. 6
129.3
127.8
132.6
127 1
127.8
135.0
130. 3
128.1
133.2
126 1
125.2
132.8
130. 6
129.6
135.0
131 2
130 4
135.9
133.3
131.2
135.7
132 8
132. 2
133.0
134.8
131.0
135.2
132 8
129 1
138.5
134.3
131.7
129.4
140.
6
107 Q
141.9
10Q ft
r 17.7 4
130 3
133.9
130. 7
128.6
136.7
133 4
140.3
136. 9
135.8
dodo—
do-
129 2
126.9
132.3
141 0
141.8
140.0
135 9
136.7
134.9
131. 6
123 8
123.7
138.5
129. 5
129.2
137 5
138.1
136. 8
138 5
139.6
137.0
140 1
141.9
137. 7
141 9
143.6
139.7
142 8
144.1
141.1
144 1
145. 0
142.9
147 4
14Q 3
145.4
143.8
148.2
146.3
149.9
148.5
..do—
do—do
127.0
146.1
109.5
130.7
150. 1
112.4
130.1
151.1
110.6
133.0
156.2
112.0
134.1
157.4
112.8
134.9
158.3
113.4
134.3
158. 6
111. 7
135.3
160.9
111.5
130.9
150.1
112.7
105.3
96.2
110.8
129.2
143. 9
114. 5
140.3
167.4
115.0
Instruments and related products
do—
Clay, glass, and stone products
do—.
Lumber and products
—do— —
Furniture and
fixtures
_
.do
Miscellaneous manufactures
do
130. 2
117.5
108.9
133.1
125.0
136.4
126. 0
112. 7
143.4
133.3
134.2
125. 3
116.1
139. 0
130.4
134.7
125.2
115.4
139.8
131.4
134.6
124.3
114.9
140. 5
131.9
134.8
126.6
109.0
142.8
133.2
136.4
126.4
116. 1
143.2
133.8
137.4
125.6
114.1
144.4
133.4
138.6
127.0
109.7
144.1
132.6
137.6
126.9
110.8
147.4
135.9
140.2
127.7
109.2
149.3
137.4
125. 3
116.9
125.6
99.8
125.1 |
132.4
122.8
134.0
100.7
133.4
129.8
118.9
131.8
96.3
130.4
131.1
119. 4
130. 5
98.4
132.9
131.7
119.3
132.8
104.7
134.3
131. 5
119.2
133.8
97. 3
130.1
132.5
121.5
134 4
103.5
132.8
133.1
123.5
135.1
103. 1
132.8
134.4
125.8
135 8
100.3
135.5
134. 5
127.5
137 2
102.4
137.0
135.2
129.6
139 1
103.2
133. 8
8eas. adj., total index (incl. utilities)^
By industry groupings:
Manufacturing total
Durable manufactures 9
Primary metals
Iron and steel
—
Nonferrous metals and products
Fabricated metal products.. _
Structural metal parts.
Machinery
Nonelectrical machinery. _
Electrical machinery
Transportation equipmentMotor vehicles and parts..
Aircraft and other equipment
Nondurable manufactures.
....
do—
Textile mill products
_
do
Apparel products.
_
_ _ _ _ do
Leather and products
_•
do
Paper and products
. ......do
r
Revised. * Preliminary. 1 The total and components are annual totals. 2 italicized
total for Jan. 1965 excludes stepped-up rate of Government life insurance dividend payments
to veterans; total disbursements of $165 million put on annual rate basis (multiplied by 12)
amounted to $2.0 billion. Figures for transfer payments and total nonagricultural income
reflecting similar exclusions are as follows (bil. '$): 38.8 and 491.2. fSee corresponding note on
P..S-1; JRevised series. Dollar figures and indexes of cash receipts revised beginning 1961
1 34 O
toe ft
*T
1^4 ft
r
r
139. 2 ' 140. 5
142. 7 '144.7
142,5
144 7
148 0
140 6
112 5
1OQ 0
1OQ O
163
142.2
7
140.8
144. 8
135 7 137 1 r 137 7 ' 140 0
150.9 ' 148. 0 149. 0 151 7
139.7 U40.6 145.1 ' 145. 2 145
137. 2 137. 0 '140.9 ' 144. 2 144
' 153. 8
'152.7 ' 153. 9
149.2 ' 151. 7 ' 153. 6
154
154
141.4 ' 139. 7 144. 5
169.1 ' 167. 7 ' 176. 2
115.5 ' 114. 1 ' 115. 5
144
173
117
142.0 ' 142. 7 '145.3 147.3
130.2 132.6 '131.8 ' 128. 5
105.5 111.9 ' 115. 6 118.5
151.5 150.6 154.3 ' 155. 7
139. 1 139.6 '140.8 '142.8
137.3 ' 137. 6 '138.4 ' 139. 2
130. 9 132.1 r 132. 6 131.6
14.0 o
140 6 r 14.9 o
103. 3 ' f03. 6 101.7
140.2 '137. 7 ' 137. 5 140. 1
147
132
' 151. 4
154
142
139. 7
(indexes shifted to 1957-59 base). Physical volume indexes revised beginning 1955 to reflect
change to the 1957-59 reference base and incorporation of latest Census revisions Data prior
to May 1963 appear in the Dept. of-Agriculture publication, Farm Income Situation, July
1964. 9 Includes data for items not shown separately, cf Industrial production indexes revised
beginning Jan. 1961 (s.eas. adjusted data incorporate new seasonal factors); data prior to July
1963 will be shown later.
SURVEY OF CURRENT BUSINESS
S-4
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1965
1964
1963 | 1964 P
Monthly
average
May 1965
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Jan.
Dec.
Feb.
Mar.
Apr.'
'128.7
121.0
169.8
129
GENERAL BUSINESS INDICATORS—Continued
INDUSTRIAL PRODUCTION— Continued
Federal Reserve Index of Quantity Output— Con.
Seasonally adjusted indexes®— Continued
By industry groupings— Continued
Nondurable manufactures— Continued
Printing and publishing .._ 1957-59=100..
Newspapers
do
Chemicals and products
do
Petroleum products
do._
116.4
108.0
148.6
162 7
117.1
123.2
117. 0
159.4
178.0
121. 0
121. 8
115.2
155.2
174 9
119. 7
123.6
117. 2
157. 0
176 7
120.8
123.9
117.1
156.7
173.7
122.0
124.1
117. 2
159.6
176 3
122.1
124.5
120. 0
158.7
177 1
124.6
124. 3
118. 3
160.8
178 7
121. 2
123.0
115.9
165.0
184. 9
120. 4
123. 6
116.3
162.5
179 9
122.9
123. 9
117.5
163. 0
182 6
121.6
126.6 ' 127. 7
125. 6
120.7
120.9
119.6
166.5 ' 166. 9 ' 168. 0
188.2 r 186. 3
188. 7
120.6 '119.0 '122.0
155.7
120.6
120 2
123.2
120. 8
145.1
120.3
119 7
123.8
118.2
149.4
120.6
120 0
124.1
127.5
152. 2
120.0
120.2
119.2
129. 2
153.4
119.6
119 5
120. 1
118. 1
155.2
120. 0
118 9
125.8
127.5
158. 2
120.4
119 i
127.6
121. 4
162. 4
120. 0
119 1
124.6
120.6
161. 0
120. 7
120 2
123.3
123.3
160. 5
122.8
122 6
124. 1
121.0
164.0 '•167,2
172.7
123.6 ' 123. 2 123. 5
123.5
123.0 r 122. 5
122.8
122.9
126.9
126. 9
126. 7
125.4
122.2
123. 5
124.0
Rubber and plastics products
Foods and beverages
do
do
Beverages
Tobacco products
do
do
140.0
116.9
116 8
117.8
115.2
^__do
do
do _
_do__
do
do
107.9
102. 5
107.9
108.1
112.3
112.1
110.9
104.3
110.4
109.8
117. 3
118.7
108.8
94.5
109.7
109. 0
119.8
115.0
109. 9
98.7
110.0
109. 6
124. 2
114. 3
111.3
106. 1
110. 7
110.1
119. 4
116.8
111.4
105.1
110. 8
110.2
119.2
119.2
110.9
105.0
111.1
110. 3
107. 7
120.2
111. 9
107.9
111.3
109.8
112.2
121 7
111.9
105. 1
112. 3
111.1
111.3
119. 6
112.0
109. 2
111.1
110.8
115.7
119.7
112.7
108.7
110.4
110.2
127. 1
123.9
112.3
107. 2
110.7
110.9
121.8
123.4
do___.
do
do
140.0
142.6
131.9
150.5
153.6
140.7
144.8
148.3
138.3
147.5
151.3
138 9
148. 3
152.3
139.7
149.7
153. 6
140.5
151. 4
155. 5
141.6
154. 5
159 3
142 4
153.2
157. 2
143.0
153. 8
157. 4
152.3
155.0
154.7 ' 155. 6 ' 156. 5 '156.5
158. 1
157. 3
158.3
157. 5
do__
do—
do.-..
124.9
125.2
134. 4
131.5
131.3
142. 1
128.7
128.8
139.7
130.6
130.8
142. 4
131.1
131.0
142.9
131.7
131.5
143.5
132.3
132.1
145.0
133 3
133. 1
146. 6
132. 5
132.0
141. 8
130. 3
129.2
127. 3
134. 6
133.6
145.2
137.4 ' 138. 0 ' 138. 2 ' 139. 7
137. 0 '137.9 ' 137. 6 ' 139. 4
161.4
155. 5
156.9
156.8
139.9
139.4
159
141.2
149. 5
130 2
145.1
150. 6
138 0
144.3
152.5
133 4
149.3
160.0
135 2
151. 4
160.3
139. 6
151.7
161. 7
138 4
152.6
162.6
139 3
155.8
165.0
143 8
144. 7
146.0
143 0
105.9
83.0
136 1
143. 0
145.1
140 2
166.2
183.0
144.0
129.6
125.1
131.3
139.9
134. 2
142. 4
136.4
128.7
139.0
137.7
130 7
139.7
136. 9
129.7
141.0
137. 8
131.0
141.9
139.7
131. 1
144.7
140.1
133 3
144 2
139.8
136.8
141. 0
142.4
139.0
145. 5
146.7
143. 2
148.3
148.0
150. 8 '151.8
143.1 ' 144. 9 ' 146. 5
149.7 ' 150. 6 ' 152. 6
153. 2
148.0
153. 7
Apparel and staples
do
Apparel incl knit goods and shoes do
Consumer staples
do
Processed foods
do
122.3
117.6
123.7
116.6
127 8
123.8
128. 9
119. 9
124 6
118 7
126.3
118.4
127 2
121 5
128 8
120 8
127.2
123.2
128.3
120. 2
127 7
123 4
128.9
119.4
128.0
124.0
129.1
118.4
128 9
124 9
130 0
118.7
128. 9
125.3
129.9
118.7
129.8
126. 6
130.7
120.0
129. 9
127.5
130. 5
122. 0
131. 2 r 131. 9 131. 5
128.8 r 130. 6
130.8
131.8 r 132. 3 ' 131. 7
122.5
122.3 '121.2
133. 2
122. 5
Beverages and tobacco _ .
do
Drugs, soap, and toiletries
_ do
Newspapers magazines, books do
Consumer fuel and lighting
do
116.9
140.1
117.8
133.5
122.4
146.9
123 7
141 2
121. 9
140.1
125 1
136 2
125 2
142 8
126 7
138 5
122.6
144.5
124. 7
138. 7
119.4
150.5
125 5
140 6
126. 4
146.7
123.5
142 8
125 5
149.1
123 2
145 7
123. 3
152. 6
121 3
144 4
123.3
151.9
121.8
145 8
123. 1
149. 7
122.8
142 4
126. 4
151. 8
124.3
143. 2
124.2
128.3
123. 0
142.4
132.2
121.6
132.0
139.0
136 9
145 3
141.0
132 4
128. 8
134.2
131 9
141. 0
135. 8
127 6
130.7
136.5
133 9
143 1
140 8
126 6
131. 3
138. 0
135. 7
141.9
143.9
130.7
132. 0
139.0
137 6
143 7
141.3
129 1
132.7
140.0
138 5
145 7
141.9
127 9
133. 6
141 6
139 g
145 5
144 9
139 9
133.7
141. 8
140 4
147 6
141.0
136 0
132.6
140.7
140 4
149.3
128.6
145. 1
136.8
146. 2
144 5
151. 0
149. 1
138.0
138.3 r 138. 2
148. 4 r 147. 8
145.9
1448
152. 4
152.5
155. 2
154. 0
140.5
144 3
140.3
150. 1
149.0
159.0
148. 4
141.0
151
123. 7
121. 2
137. 2
125.4
116.3
132 5
131 0
145 4
134 2
124 4
129 3
127. 3
141 9
130 4
123.4
130 6
129 0
144 1
131 6
123 8
131.3
129. 8
143.8
132.9
123. 5
131 8
130 8
148 1
133 3
134 7
134 1
167 0
135 7
125 7
135 6
135 6
153 1
137 1
125 8
132 2
128. 1
113 2
137 2
123.8
135 7
134.5
146 7
138 9
126 6
137. 7 '•139 1
140 0 ' 141.2
136.2
138 1 r 139 2 ' 142. 4
155.6
159 6 ' 165 2 167 1
141. 3
147 1
142 6 '143 8
127. 3
133. 5
128 5 T i3o 9
141 8
122 8
133 6
132 7
150 2
133 8
125 7
126 3
120.3
120.2
120.4
134 0
127 1
127 7
126.9
130 8
124 9
123 6
125.6
132 3
126 1
127 0
125 7
132. 8
126. 5
128.2
125.7
139 9
124 9
123 8
125.4
134 6
126 9
125 0
127. 9
135 2
127 1
125 6
127. 8
135 7
125 9
125 4
126 2
136 3
128 7
131 6
127.3
137 0
128 9
132 1
127.3
139. 3 r 140 1
132. 6 r 133 9
135. 1 r 136 2
131.4 ' 132. 7
Business fuel and power 9
— ...do
117.2
122. 3
Mineralfuels
_ _ _ _ _ do
109 3 111 7
Nonresidential utilities
do
138. 7 149.4
BUSINESS SALES AND INVENTORIES §
Mfg. and trade sales (seas, adj.), total* t— ~ mil.$__ 168,002 172,647
118.7
108 9
144.5
120.7
110 3
147 9
122.2
112.1
148.9
122.7
112 2
149.7
123. 0
112 4
149 8
123.4
112 7
150 9
123.7
113 0
150 6
123.9
113 3
150. 6
123.9
119 8
151. 4
125. 1 ' 124. 6 '124.0 ' 124. 4
113 0
112 4 r HI 1 112 1
154.9 '154 7
155 9
70,649
72, 187
73, 693
73 204
73 358
72,131
73, 371
76, 277
75, 913 ' 75, 956 77, 998
37 514
19 291
18, 223
39, 318
20,559
18, 759
38 885 '38 693 40 340
20 415 '20 374 21 307
18 470 '18 319 19- 033
21 661
6 695
14 966
14 196
5, 977
8,219
22, 781
7 645
15 136
14 178
5,982
8,197
22 900
7 855
15 045
14 128
6 069
8 060
Mining
__^__
Coal
Crude oil and natural gas
Crude oil
...
Metal mining
Stone and earth minerals
Utilities
Electric
Gas
_-.
.
-
— -.
—
By market groupings: ©
Final products, total
__
Consumer goods
Automotive and home goods
Automotive products
Autos
.._.._ ..do
'.-- ..do
Home goods?.Appliances TV and radios
Furniture and rugs
do.
do
do
Equipment, including defense 9 ...
do....
Business equipment . _ — __.
... do
Industrial equipment
do
Commercial equipment
do
Freight and passenger equipment do__
Farm equipment
do
Materials
Durable goods materials $ _ .
Consumer durable
Equipment
___>
Construction
do
_-do.__
do
d o
do
Nondurable materials 9 _ ._ _
do
Business supplies.
_ _ _ - _ . _ _ _._do____
Containers
__._
... do_
Qeneral business supplies.-—
.do....
Manufacturing, totalt
Durable goods industries
____
Nondurable goods industries. ...
do
do
__._do__
Retail trade, total t--—
—do_.
Durable goods stores
do
Nondurable goods stores
_
_
_
_
do
Merchant wholesalers, totalt d1—
do
Durable goods establishments
do
Nondurable goods establishmentsd" _ d o _ _
Mfg. and trade inventories, book value, end of year
or month (seas, adj.), totalf
......mil. $
Manufacturing, totalt—
Durable goods industries
Nondurable goods industries
__
71,787
72, 660
34 774
18 071
16, 704
37 129
19 231
17, 898
36 222
18 887
17, 335
37 167
19 359
17, 808
37 186
19, 138
18,048
36 791
19 023
17, 768
37 963
19 861
18 102
37 168
19 164
18 004
37 312
19 284
18 028
36 811
18 633
18, 178
20 536
6 675
13 861
12 692
5, 244
7,448
21 802 21,223
7 093 6 939
14 709 14 284
13* 715 13 204
5, 749 5,560
7, 644
7,967
21 392
7 010
14 382
13 228
5,506
7,722
21,777
7 218
14, 559
13, 697
5,766
7,930
21 773
7 002
14 771
13 623
5, 749
21 935
7 060
14 875
13 795
5* 800
22
7
14
13
5
22 254
21 383
6 496
14 887
13 937
5, 801
8, 136
105,721
105,127 109, 026
do__
60, 147
do
36,028
_do____ 24,119
7,874
7,995
266
324
942
770
848
7,922
7*541
14 713
13 792
5 776
8 016
112. 1
107.7
110.1
109.8
126. 7
120.8
' 111. 8 '112.2
103.2
103.1
' 110. 7 111.1
'108.6 ' 110. 6
123.9
' 123. 8
' 122. 9 124.3
165.7 * 163. 8 '173.1
194.2
182.8
178.9
145.3
143.1 ' 143. 9
r
125.6
125. 3
154.2 ' 152. 8
125.8 '125.3
144 0
145 0
' 139. 3
' 149. 1
'147 1
' 156. 2
' 150. 7
139 6
r
'
'
'
112. 5
108
111
111
167
184
134
155.9
128.8
143
140 8 ' 139 9 141
136 2 134 8
138 2 129 8
137. 3
135. 2
126
113
'23 317 22 898
7 727
r 7 966
!5 351 15 171
'13 946 14 760
'6 098 6 250
' 7 848 8,510
r
106,371 106,507 106,621 106,634 106,716 107 323 107,367 108,093 109,026 110,012 '110,329 111, 228
60, 531 60, 528 60, 398 60, 488 60, 763 61 019 61, 777 62,377 62,944 63 213 '63 382 63 663
36, 277 36, 300 36, 492 36,597 36, 790 37 037 37, 517 38, 040 38, 412 38 495 '38 692 38,932
24,254 24, 228 23, 906 23, 891 23, 973 23, 982 24, 260 24,337 24, 532 24, 718 '24,690 24, 731
29 383 29 621 29 661 29 961 29 926 30 180 30 129 29 967 on no9 29 314 29 332 29 621 30 025 r 30, OftO 30 551
Retail trade, totalt
do
Durable goods stores
_____
___._do
12, 509 12! 220 12,913 13, 045 13, 024 13, 079 12, 924 12, 762 12, 867 12,076 12,066 12, 220 12, 583 ' 12, 703 13, 076
Nondurable goods stores. _ _ _ _ _
do
16,874 17, 401 16, 748 16,916 16, 902 17,101 17, 205 17,205 17, 215 17. 238 17, 266 17,401 17 442 '17 377 17 475
Merchant wholesalers, totalt <?-_
do
15 597 16? 461 15 734 15 879 16 053 16 043 16 017 15 986 16 222 16 276 16 384 If) 461 16 774 r 16 867 17 014
Durable goods establishments
do
8,447
8,618 8,740
8,710
9, 077
9 , 077 8,478 8,519
8,703
9, 002
9 275 ' 9 323 9 382
8 871 8,949
1
Nondurable goods establishmentscf ...— do
7,150 7.384 7,256 7,360 7,435
7, 307
7,304
7.284
7.384
7.381
7.352
7.328
7.499 ' 7. 544 7. 632
'Revised.
* Preliminary.
1 Total and components are based on unadjusted data.
pp. 16-19 of the Dec. 1963 SURVEY; see p. 28 of the Sept. 1964 SURVEY for current revisions
© See note marked "cf on p. S-3.
(Jan.-June 1963) affecting the retail inventory and total manufacturing and trade inventory
9 Includes data for items not shown separately.
series.
cf Total manufacturing and trade sales and inventories and merchant wholesalers
§ The term "business" here includes only manufacturing and trade Business invensales and inventories have been expanded to cover all merchant wholesalers, including wholetories as shown on p. S-l cover data for all types of producers, both farm and nonfarm.
salers of farm product raw materials; also, seasonally adjusted data beginning Jan. 1960 for
Unadjusted data for manufacturing are shown on p. S-5; those for retail trade on p. S-ll.
merchant wholesalers' sales and inventories revised to reflect new seasonal and trading day
factors. Revisions for earlier periods appear on p. 24 of the May 1964 SURVEY.
A^J^&SPS^ "t" ™ P - S-4 °f _** Nov. 1963 SURVEY. _ tRevised series, _ For a
description of the changes affecting these series and data for earlier periods, see
J
•
!•
t 1
i
^
_
K"w
a.w.
ai/v>f
l_> w J.V Y JQ 1 .
62, 944
38, 412
24, 532
IJLVCV1BOU.
60,326
36,079
24, 247
DUllCO.
1
A Ui
t»
SURVEY OF CURRENT BUSINESS
May 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
1964
Monthly
average
S-5
Mar.
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Mar.
Feb.
Apr.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS SALES AND INVENTORIES— Con.
Inventory-sales ratios:
Manufacturing and trade, total J§
ratio-Manufacturing, total§.
Durable good s industries
Purchased materials
Goods in process
Finished goods
do.
do
do ___
do
do
Nondurable goods industries.-— ---—_do-.-_Purchased materials
__ „_ do __
Goods in process
do
Finished goods
do __
Retail trade total t§
doDurable goods stores .-do
Nondurable goods stores
;__ __do
Merchant wholesalers, total §d"
_____do
Durable goods establishments
do._-_
Nondurable goods establishments d71-.- -do
MANUFACTURERS' SALES, INVENTORIES,
AND ORDERS
Manufacturers' export sales:*
Durable goods industries (unadj.), total. _ mil. $__
1.50
1. 48
1.47
*1.48
1.45
1.46
1.46
1.49
1.47
1.43
1.45
1.45
1.43
1.69
1. 64
1.94 '•'1.91
.57
.59
.79
.80
. 55
.54
1.67
1 91
.57
79
.54
1.63
1.87
.56
78
.53
1.63
1.90
.57
.79
.54
1. 64
1 92
.57
80
.55
1.59
1.84
.55
.77
.52
1.63
1. 92
.57
.81
.54
1.64
1.92
.57
80
.54
1.68
2. 01
.61
84
.57
1.66
1 97
.60
.82
.56
1.60
1.87
.57
. 77
. 52
1. 63
1.89
.57
.77
.52
'1.64
1 90
.58
' 79
.53
1.58
1 83
.56
75
.51
1.41
. 59
.20
.63
1.35
.53
.19
.62
1.40
.56
20
.64
1.36
.54
.19
.63
1.34
.53
.19
.62
1. 35
.53
19
.62
1.32
. 51
19
. 62
1.33
.52
.19
.62
1.33
.52
19
.62
1.33
.53
19
62
1.34
.53
.19
.61
1.31
.51
19
.61
1.34
.52
.19
.63
'1.35
52
19
63
1.30
50
19
61
1.39
1.79
1.20
1.18
1.58
.90
1.37
1.79
1.16
1.17
1.51
.92
1.40
1.86
1.17
1. 19
1. 52
.95
1. 40
1.86
1.18
1.20
1.55
.95
.37
.80
.16
.17
.49
.94
1 39
1. 87
1.16
1.18
1.52
.93
1.37
1. 83
1. 16
1.16
1.50
. 91
1. 35
1.74
1.15
1.16
1.49
.92
1. 35
1.71
1.17
1.18
1.54
.92
1 37
1,86
1.16
1.17
1 54
.90
1. 35
1.80
1. 15
1.15
1.51
.90
1.36
1.60
1.15
1. 16
1.52
.90
.31
.60
.16
.19
.53
.93
1 29
1 59
1 13
r
1. 21
1 53
'.96
1 33
1 69
1.15
1.15
1 50
.90
1.50
1.47
678
* 750
••760
'778
r 777
••797
681
693
760
762
782
839
34, 774
37,129
37, 069
38 091
37 465
38, 622
34, 774
36,001
38,874
38, 397
37,700
37,631
Durable goods industries, total 9 ____
—_do._-_ 18, 071
947
Stone, clay, and glass products _ _ _ _ :
do
2,944
Primary metals
do
1, 586
Blast furnaces, steel mills
__ do
1,877
Fabricated metal prod ucts
do
19,231
060
3,236
1,770
1,962
19, 471 20, 242
873
987
3 223 3 370
1,737
1 843
1, 906
1 989
19,781 20, 542
1 017 1, 070
3 318 3 333
1 815 1,775
2,075
1, 975
17, 895
984
2,983
1,668
1,911
17,707
1,040
3,111
1,745
2,029
19,759
1,057
3,331
1,812
2,094
19, 243
1, 066
3 337
1,828
2,047
19,363 19,969
964
837
3 354 3 347
1 853 1 854
1 904 1,931
Shipments (not seas, adj.), total t
---
do_ _
2,808 2,896 2 957 2,939
Machinery, except electrical
do . 2, 517
?,517
2,398
2 555 2 498
Electrical machinery
do
2 440
4, 969
4,848
Transportation equipment
do
5 285 5' 619
5 304
3,154
3,204
Motor vehicles and parts _ _•: .__ do. _
3,487 3 748 3,495
583
627
Instruments and related products.do.
611
604
609
16, 704 17,898 17, 598 17 849 17, 684
Nondurable goods industries, total?
do
6,324
5, 832
Food and kindred products
do
6 120 6 101 6 247
391
383
Tobacco products
_ ___• _ _ _ . do
368
399
' 379
1,484
Textile mill prod ucts. _
________
..do.— _ 1,378
1, 477
1 463 1, 428
1,426
1,355
Paper and allied products
do
1 403 1 427 1 390
2,798
Chemicals and allied products
do __ 2,568
2, 803 2 992
2, 953
1, 451
1, 516
1,421
Petroleum and coal products
-____do
1,501
1, 484
772
851
Rubber and plastics products
_______do_--- .
863
833
901
Shipments (seas, adj.), totalf
__. do
36 222 37 167 37 186
By industry group:
Durable goods industries, total 9 --- do
18 887 19 359 19 138
Stone, clay, and glass products
-___do___929
940
952
Primary metals
do
3 154
3 032 3 174
Blast furnaces, steel mills
do
1 615 1 719 1,732
Fabricated metal products
do
1 967 1 943 1 906
Machinery, except electrical
do
2 696
2 738 2 782
Electrical machinery • _ _•__.;
do._
2,530
2 505 2 530
Transportation equipment..
do.
5 018 5 231 5, 056
Motor vehicles and parts
do
3 310 3 468 3 272
Instruments and related products
do
611
606
616
Nondurable goods industries, total 9
do
17 335 17 808 18 048
Food and kindred products
.
do
6
325
6
202
6 131
Tobacco products
do_~_
389
394
387
Textile mill products
do
1 460 1 472 1 481
Paper and allied products
- d o __
1 363 1 404 1, 395
Chemical sand allied products....... do— _
2 746 2 827 2,818
Petroleum and coal products
_
do
1 445 1 520 1 546
Rubber and plastics products
_. do
853
873
811
By market category:
2
2
Home goods and apparel..
._
do__._ 2 3, 313 2 3, 479
3,387 3,415 3,524
Consumer staples
...
'.-.
do
7,607 7 766 7 865
7 866
7 258
Equipment and defense prod., excl. auto_do____ 22 4, 242 22 4, 599
4, 445 4, 572
4,618
Automotive equipment
do
3,716
3 571 2 3 612
3 879 3 676
Construction materials and supplies..
do____ 2?2,796 2 2, 990 2,967 2,916
2,934
Other materials and supplies
_„
do
13, 594 14, 583 14, 100 14 619 14,569
Supplementary market categories:
Consumer durables
do
1,476
21
380 2 1 492
1 483 1 482
2
2,095 2 233 2 198
Defense products
_ _ _ _ _ _ _ _ _ _ _ do
2, 096 2 2 163
Machinery and equipment
do
2 3 215 2 3 528
3,409 3 407 3 483
Inventories, end of year or month :f
Book value (unad lusted), total___-__ __•
do _•__ 59,738 362,642 60, 661 60, 807 60, 950
Durable goods industries, total..
.___do.— - 35,565 38, 001 36,394 36,608 36,785
Nondurable goods industries, total
..do
24, 173 24 641 24, 267 24 199 24, 165
Book value (seasonallv adjusted), total., _ do_~. 60,147 3 62 944 60, 326 60, 531 60 528
By industry group:
Durable goods industries, total 9
do
36, 028 38, 412 36, 079 36, 277 36, 300
Stone, clay, and glass prod ucts.- __ .do
1, 544
1 587 1,536
1, 651
1, 579
Primary metals. -_---.do.
6 111 5 972
5 918
5 954
6 014
Blast furnaces, steel mills. --__-__do--_- 3,533
3,547
3,594
3,561
3,707
Fabricated metal products.
do
3,978 3,971 3,951
3,999
4 251
Machinery, except electrical________do____ 6,910
6,955
6,891
6,963
7,558
Electrical machinery.
_.__.___do
5, 055
5,039 5, 094
5,062
5, 388
Transportation equipment
': .do. ~ _ 7,331
7, 446
7, 425
7, 389
7, 908
Motor vehicles and parts
do_— _ 2,610
2,716
2,
702
2,713
3,013
Instruments and related products. .do
1. 503 1,527
1,468
1.619
.1. 540
2
- r Revised.
i Advance estimate.
Based on data not seasonally adjusted.
s Total
and components are end-of-year data, t Seenote marked "f" on p. S-4 of Nov. 1963 SURVEY.
§ See note marked "f" on p. S-4.
cf See corresponding note on p. S-4.
* New series. Represents estimated total value of durable goods products directly exported by durable goods manufacturers; data prior to Oct. 1962 are not available. t Revised
series. Effective with the Dec. 1963 SURVEY, data reflect the following major changes: Introduction of the Annual Survey of Manufactures as the new benchmark, revision of sample de-
2, 610
2, 683
3,114
2 305 2, 452
2 605
4,387 3,572
5 431
1,961
2,762
3, 563
590
636
656
18,080 16,879 18,294
6 104 6,422
6 429
416
425
403
1,523
1,506
1,298
1 468 1 332 1,458
2, 778
2,854
2,597
1, 540
1,516
1, 535
910
759
836
36 791 37 963 37,168
r
615
'733
939
36, 384 r39 380
41 281
18,924
806
3 345
1,945
1,757
'20,685 21,949
'860
920
r 3 582
3 863
2
243
' 2 060
' 1* 947 2 025
2,834
2,781
2,660
2 670
4,801 4 331
3,040 2, 618
656
680
19, 115 19, 154
6, 769
6 795
413
392
1,611
1,640
1,518
1 517
2,987
2 931
1,551
1,542
895
898
37,312 36 811
2,695 '3 021 3 188
2, 883
2 726
2 407 ' 2 676 2 753
2 635
2 610
5 300 ' 5* 755 6 207
5 646
5' 006
3,
654 '3 832 4 255
3,744
3 266
589
654
691
'650
700
18,337 17, 662 17, 460 ' 18 695 19 332
6,184 '6 378
6 433 6 346
6 613
369
419
407
393
'399
1,444 '1 601 1 636
1,494
1, 596
1 470 1 433 1 441 ' 1 559 1 633
2,723 2 919 3 091
2 761 2 606
1,542 '1 545 1,521
1 547 1, 560
871
852
992
862
'940
37 514 39 318 38 885 '38 693 40 340
19 023
940
3 102
1,653
1 908
2 838
2 470
5, 036
3 271
619
17 768
6 279
397
1 432
1 399
2 736
1 532
848
19 861
932
3 447
1 961
2 040
2 936
2 622
5 008
3 230
663
18 102
6*310
389
1 513
1 468
2 820
1 539
841
19,164
921
3 216
1,770
1 914
2 780
2, 501
5, 102
3 408
661
18 004
6 478
395
1 459
1 420
2 793
1 517
854
19, 284
962
3 301
1, 786
1 970
2 848
2 481
4,968
3 213
613
18 028
Q 400
404
1 478
1 451
2 808
1 541
866
18 633
960
3 329
1 843
1 924
2 851
2 536
4 212
2 446
659
18 178
6 500
392
1 505
1 461
2 845
1 533
834
19 291 20 559
984
1 022
3 434 3 656
1 933 2 074
1 937 2 077
2 878
2 977
2 508 2 597
4 747
5 341
2 975 3 502
638
641
18 223 18 759
6 629
6 414
429
390
1 550 1 614
1 484 1 532
2 858
2 917
1 552 1 525
922
875
20 415 ' 20 374 21 307
1 030 ' 1 013 1*015
3 455 r 3 45(5
3 633
1 976 r i 979 2 085
1 959 '2 033 2 100
2 969 ' 2 898 2 979
2 657 ' 2 616 2 695
5 361 '5 444 5 888
3 550 r 3 628 4 005
r 647
*661
695
18 470 '18 319 19 033
6 446 r 6 967
6 602
407
r 422
'412
1 606 '1 560
1 618
1 516 ' 1 530 I 592
2 854 2 902 3 023
1 562
1 519 r i 519
r 930
931
963
3, 459
7 802
4,582
3 677
2 906
14 365
3 563
7 919
4, 778
3 62?
3 045
15 036
3 430
8 007
4 548
3 827
2 899
14 457
3, 457
7 971
4,613
3 629
2 979
14 663
3 472
8 067
4 634
2 837
2 992
14 809
3 521
7 972
4 657
3 387
3 017
14 960
3 713
8 298
4 791
3 936
3 154
15 426
3 653
8 077
4 846
3 973
3 183
15 153
1 467
2 160
3 506
1 550
2 187
3 706
1 455
2 060
3 514
1 466
2 150
3 587
1 477
2 171
3 621
1 497
2 129
3 630
1 621
2 185
3 732
60 704
36,815
23 889
60 398
60 214
36, 451
23 763
60 488
60 458
36,684
23 774
60 763
60 658
36, 856
23 802
61 019
61
37
24
61
433
251
182
777
62 058
37,647
24 411
62 377
62
38
24
62
649
001
641
944
'3 612 3 721
7 925
8 251
'4 806 4 940
r 4 030
4 423
' 3 117 3 161
'15 203 '15 844
r
1 574 ' 1 567 1 626
2 197 ' 2 222 2 282
3*856
3 755 r 3 709
63
38
24
63
299 r63 761
403 '38, 875
896 '24 886
213 r 63 382
64 024
39, 227
24 797
63 663
36 492 36 597 36 790 37 037 37 517 38 040 38 412 38 495 r38 692 38 932
1 595 1 574
1 572 1 595 1 593 1 ^87
1 595 r i 595 1 592
1 586
6 019
6 001 6 056
6 063 6 096
6 153 6 111
6 161 ' 6 153 6 066
3, 628
3- 609
3' 744 ' 3, 717 3. 614
3 688 3 714
3 776
3 707
3 670
3 962
3 -992
4 430
4 062
4 149
4 251
4 04^
4 306 r 4 325
4 006
7,035
7,070
7 514
7,576 ' 7, 638 7,658
7, 161
7,277
7 558
7,381
5, 061
5 069
5 403 '5 473 5, 571
5 147
5 221 5 307
5 388
5 086
7, 929
7, 428
7, 497
7 849 ' 7, 869
7 531
7 539
7 711
7 810
7 908
2,716
2,975
2,977 ' 3, 016 3, 034
2, 825
2, 782
3 059 3, 013
2 796
1.540
1.642
1. 534
1.556
1. 572
1. 584
1.619
1. 622 ' 1. 635
1 . 533
sign, refinement of industry reporting, expansion of industry groups published, and revision of
seasonal factors. In addition, data by market groupings are presented for the first time. Data
for shipments and new orders not seasonally adjusted are adjusted for trading day variation.
Revisions back to 1947 and a detailed description of the current revision appear in the Census
Bureau publications, "Manufacturers' Shipments, Inventories, and Orders: 1947-63 Revised, Series M3-1" and "Series M3-1, Supplement 2."
9 Includes data for items not shown separately.
SUEVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963 | 1964
End of
year
May 1965
1964
Mar.
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
GENERAL BUSINESS INDICATORS—Continued
MANUFACTURERS' SALES, I N VENTORIES,
AND ORDERS— Continued
Inventories, end of year or month f— Continued
Book value (seasonally adjusted)— Continued
By industry group— Continued
Durable goods industries— Continued
By stage of fabrication:
Materials and supplies 9 __
mil. $ . 10, 879 11, 688
2,248
2, 259
Primary metals
do
3,263
Machinery (elec . and nonelec.) _._do____ 3, 009
2,216
1,956
Transportation equipment
do
14, 857 15,933
Work in process 9
do
2, 024
1,901
Primary metals
do
5.763
5,249
Machinery (elec. and nonelec.) do
4,695
4,467
Transportation equipment
do
10,292 10, 791
Finished goods 9
do
1,839
1, 758
Primary metals
do
3,920
3,707
Machinery (elec. and nonelec.)— do
997
908
Transportation equipment
do. _
24, 119 24, 532
Nondurable goods industries, total 9 do
6,030
6,028
Food and kindred products
do
2,359
2,314
Tobacco products __ _. .
do
2,837
2, 886
Textile mill products
do
1,885
1,800
Paper and allied products
do
4,003
Chemicals and allied products
do
3,818
1,745
1,736
Petroleum and coal products
do
1,176
1, 157
Rubber and plastics products
do
By stage of fabrication:
9,619
Materials and supplies.....
do.
9,769
3,522
3,479
Work in process
do
Finished goods
..do
10, 871 11, 391
By market category:
6,499
Home goods and apparel
do
6,389
9,660
9 525
Consumer staples
do
Equip, and defense prod., excl. auto do
12, 363 13, 241
3,683
Automotive equipment
.do _ _ 3,245
Construction materials and supplies
do
5,629
5,290
Other materials and supplies
do
23, 335 24, 232
Supplementary market categories:
2,955
3,056
Consumer durables
do
5,583
5, 625
Defense products
do
9, 431
8,539
Machinery and equipment
. do.
1
i 35 036 37,697
New orders net (not seas adj),totalf
do
Durable goods industries, total
do
18 300 19, 803
Nondurable goods industries, total
do
16 736 17, 895
New orders, net (seas, adj.), total t
do
335 036 3 37,697
By industry group:
Durable goods industries, total 9
do
18 300 19, 803
3,442
Primary metals
do
2 959
1,942
Blast furnaces, steel mills
do
1,592
Fabricated metal products
do
1 886 2, 018
Machinerv, except electrical
._ _ do
2,574
2,911
Electrical machinerv
do
2,601
2 410
Transportation equipment
do
5,098
4 970
1,460
Aircraft and parts..
. do
1,398
Nondurable goods industries, total
do
16 736 17 895
Industries with unfilled orders©
do
4 776
4 411
12 325 13, 118
Industries without unfilled orders!
do
By market category:
Home goods and apparel___
.1. do
3,478
3 339
Consumer staples
do
7 866
7 257
Equip and defense prod., excl auto
do
4 814
4 368
Automotive equipment _
do
3 637
3 578
Construction materials and supplies
do
3 027
2 803
Other materials and supplies _ _
do
13 691 14 876
Supplementary market categories:
Consumer durables
do
1 404 1 493
Defense products
do
2 156
2 260
Machinery and equipment ...
do
3,706
3 326
Unfilled orders, end of year or month (unadjusted),
totalf
mil $
49 149 55 962
*
10 817 109 830 10, 828 10 866
2, 256
280 2,249
2 243
2,973 2,962
2,989 3 028
1 967 1 930 1,928
1 911
15 001 15 112 15 127 15*211
1 926 1 902 1 970 1 969
5 253 5 361 5,348
5 385
4, 523
4 539 4,583
4 533
10 261 10 335 10 345 10 415
1 790 1 772 1 795 1*807
3 704 3 726 3 688 3 683
938
919
933
984
24 247 24 254 24, 228 23 906
5 991
6 195 6 165 6 137
2*344
2 363 2 353
2 322
2 821
2 789 2,768
2 754
1 797 1 789 1 801 1 812
3 910
3 935
3 902 3 926
1,767
l',801 1,768
1,732
1,133
1,129
1,131
1,127
10 870
2*227
3 052
1 891
15 325
1 994
5 421
4 596
10 402
1 780
3 666
1 010
23 891
6 flflQ
9 9Q7
2 763
1 89.fi
q 004
1,708
1,137
9 632
3 446
11 169
9 534
3 459
11 261
9 528
3 452
11 248
9 432
3 422
11 052
6,226
9,780
12, 305
3,347
5 290 *
23, 378
6 313
9 782
12 370
3 359
5 352
23 355
6 296
9 745
12 361
3 342
5 353
23 431
6 210
9 563
12 494
3 356
R 1 77
23 389
23, 456
2,917
5,457
8,550
37 508
19 951
17 557
36 547
2 964
5 429
8 673
2 938 2 952
5* 394
5 412
8 677 8 781
37 859 39 317
20 095 21 249
17 764 18* 068
37 893 37 782
2,953
00
K17
90 fifi9
17 855
qo 1534
90 4fi1
3 444
7 593
4 495
3 797
2 983
14 235
3 one
n
i O9
K qp«
19, 945 20 016
3 472
3 641 3,175
1,727
1 943
2 077
1,968
9 071
2 013
2 938 2,956, 3 030
2,571
2 448
2 con
5,538
5 364
5 607
1,646
1,510
1 605
17 799. 17 948 17 766
fi78
4 739
4 694
4
•iq n4K
13 209 13 072
19 262
3 103
1 675
2 007
2 771
2 547
5 164
1 421
17 285
4 552
12 733
Q 9Q°.
36, 367
19, 530
16, 837
on qi K
91 9H4
3
COQ
2
2
2
2
6
2
077
flfiQ
QfiQ
Qft7
918
49Q
10 917
2 219
3,055
1 918
15 442
2 034
5 493
4 640
10 431
1 803
3 699
973
23 973
5 910
2*263
2 803
1 859
3 936
1, 733
1,154
11, 072
2, 219
3, 102
2,000
15 497
2,011
5,570
4,623
10, 468
1 833
3 752
916
23, 982
5 837
2 241
2,819
1 851
3 973
1,717
1, 159
11, 277
2,182
3,162
2,155
15 622
2 050
5,636
4,602
10, 618
1 864
3 804
954
24,260
5 956
2 319
2,857
1 865
3 985
1,731
1,176
11,500
2, 182
3,238
2,208
15 799
2 088
5 717
4, 623
10 741
1 883
3 866
979
24 337
6 031
2 303
2 790
1 869
4 000
ll752
1,191
11,688
2, 248
3,263
2,216
15933
2 024
5 763
4,695
10,791
1 839
3 920
997
24532
6 030
2 359
2,837
1 885
4 003
1, 745
1,176
11, 802 11, 876 12, 037
2,297 '2,295 2,291
3,306 r 3, 356 3,395
2,181 2,210
2, 222
15 934 16 008 16 045
1, 999 ' 2, 005
1, 967
5,792 ' 5, 835 5,849
4,673 f 4, 661
4,699
10, 759 10, 808 10, 850
1 865 ' 1, 853 1,808
3, 881 '3 920 3, 985
1,008
'998
995
24, 718 '24,690 24,731
6,177
6 194 ^ 6, 197
2,322 'r 2, 312 2,325
2,829 2, 811 2,818
r
1 869 1 869 1, 858
4 047 ' 4, 055 4,074
1,808
1,794 ' 1, 812
1,191 ' 1, 183 1,212 — — —
9 351
3 426
11 196
9,412
3 457
11 113
9 565
3 508
11* 187
9 637
3' 497
11 203
9 619
3 522
11 391
9 585
3 532
11 601
6 976
9 407
12 538
3 446
5 389
23 707
6 316
9 339
12 693
3 425
5 426
23 820
6 358
9 525
12 788
3 629
5 500
23* 977
6 405
9*590
12 978
3 720
5 533
24 151
6 499
9* 660
13*241
3 *683
5 629
24 232
6 534
9 776
13 225
3*654
5 643
24 381
3 037
5 455
9* 321
3 056
5 625
9 431
3 072 'r 3, 081 3,128
5,678
5 605 5, 607
q 445 '9,543 9,563
r
37 785 40 641 41, 762
20 320 '21 878 22, 433
17* 465 '18, 763 19,329
39 704 '39,469 40, 662
2 944
2 941
5 412
5 401
8 923 9 063
36 190 39 361
17 923 20 239
18 267 19 122
37 509 38 018
3
5
9
39
19
19
37
001
411
161
043
863
180
846
07 fV7i
19 277
18 394
37 720
19 342 19 907 19 623 1Q 4K4
3 847
3 767
3 280
3 663
2 203
1 825 2 296
2 072
1 991 9 mi
1 946 2 045
2 994
9 Q71
2 952 " 2 923
2 694
2 581 2 542
2 7fiq
4 98°.
4*544
4 760
4 771
1 081 1 148 1 654
961
18 167 18 111 18 223 18 266
4 883 4 866
4 960
4 894
13 284 13 245 13 329 13* 306
3,489
7, 972
4 586
3, 289
3 043
15, 341
37 986
20 357
17 629
39 590
r
T
9, 541
3, 531
'11,618
9,545
3,532
11,654
r
6,587
9,811
13, 334
3,730
r 3, 701
' 5, 661 5,729
'24,447 24, 472
6, 534
'9,756
••13,283
20 720 21 271 '21, 130 21,647
3,598
3 821 3 739 '3,802
2*232 '2,291 2,010
2 243
2,058
'
2,
110
2 089
2 068
3 098
3* 092 ' 3, 050 3,066
2,710
'
2,
597
2 637
2 891
5 172
5*546 ' 5, 690 6,281
1 227
1 465 ' 1, 703 1,703
18 870 18 433 '18 339 19,015
5,179
5 190
5 018 '5,054
13 680 13 415 '13,285 13, 836
3,750
8, 303
4, 738
3,984
3,098
15,717
3, 607
8,093
4,939
4,116
3,238
15, 711
3,704
8, 243
4,933
4, 581
3,105
16,096
3 535
8 022
4 671
3 745
2 911
14 625
1 421
2 336
3 916
3 585
7 915
5 534
3 717
3 086
15 478
1 566
3 287
3 774
1 500
1 862
3 772
1 471
1 Q89
52,018
52, 717
54,313
54,501
54 990
55 637
55, 605
55,962
57,363 '58 629
59,110
Durable goods industries, total
do
46 193 53 042 40 041 40 7fi4 49 076
2 956
Nondur. goods indust. with unfilled orders© do
2*920 2 858 9 8fi9 2,942
Unfilled orders, end of year or month (seasonally
adjusted), totalt-.—
.—
mil $
49 796 57 044 50, 697 51 679 52,004
By industry group:
Durable goods industries, total 9
do
46 676 53 958 47 805 48 840 49, 225
4,513
Primary metals
do
6 559 4, 082
4 485
3 930
Blast furnaces, steel mills
do
4 311 2 203 2 5°5 2,540
2 120
4,366
Fabricated metal products
do
4 062
4
190
4
311
4 811
7,421
Machinery, except electrical
do
7 325
7*027
8 302 7,169
7,402
7
383
Electrical machinery
do"""" 7 114
7 347
8 103
Transportation equipment
_ _ _ I ~do~ ~ ~ 19*368 21, 090 19, 821 20, 294 20, 443
Aircraft and parts
do
14 446 15 526 14 990 15 305 15,301
Nondur. goods indust. with unfilled orders© do
2 839 2 779
3 120 3 086 2 892
By market category:
Home goods, apparel, consumer staples. . do
1,997
2,061
2,016
1 987 1 975
9
Equip, and defense prod., inch auto
do
26 197 29 2 3 26 555 27 059 27, 404
Construction materials and supplies
do
5 123 5, 167
4 -986
5 490 5 044
Other materials and supplies
do
16 626 20 356 17 037 17 481 17 436
Supplementary market categories:
"
Consumer durables
.__ do
1 407 1 420 1 440 1 410 1,418
Defense products
do
18 724 20 058 19 363 19 613 19 670
Machinery and equipment
do
11 1SR
13. 3fi7 11. 442 11. '622 11.931
l
a
'Revised.
Monthly average.
Advance estimate.
» Data for total and components (incl. market categories) are monthly averages based on new orders not seasonally adjusted.
TSee corresponding note on p. S-5.
9 Includes data for items not shown separately.
©Includes textile mill products, leather and products, paper and allied products,
49 785
2 932
51 422
2 891
51 637
2 864
52 119
2 871
52 742
2 895
52, 652
2, 953
53,042
2,920
54, 439 '55 636
2,924 2 993
56 121
2,989
52, 833
54,075
54, 216
55, 042
56,067
56,363
57,044
57,317 '58 160
58, 141
54, 280
6,656
4,387
4,851
8, 413
8,247
21, 051
15,394
55, 092
6,717
4 372
4,877
8,544
8,295
21, 724
16, 053
3,049
1 975 1 962 ' 1, 904
494
29 223 29 210 •-29
r
o 596
5 490
5 558
20 356 20*587 r 21 166
1,880
29, 524
5, 571
21 166
1 505
2 177
3 455
51 199
1 ^ flQfi
3 480
7 859
5*393
3 641
3 017
14 573
3 402
7*809
5 237
3 717
3 004
14 613
q airi
1 492
2 489
3 929
9
51 6 6
50, 037
4,795
2,748
4,451
7,618
7,413
20, 679
15, 383
2
7QR
3 490
7 967
4 478
3 g7g
3 rtco
15 353
3 686
3 418
8 068
4 824
2 916
3 071
15 549
1 426
9 419
3 786
1 498 1,664
1 788 1, 873
3,917
3,882
51,302
5,051
3,024
4,475
7,576
7,646
21,569
16,026
51, 366
5,049
3, 013
4,520
7,794
7, 795
21, 210
15, 742
52, 135
5,699
3 608
4,565
7,931
7 913
20,977
15, 437
53, 137
6,104
3,956
4,663
8,062
7,924
21, 346
15,760
53,406
6,370
4,125
4,762
8,194
8,142
20, 867
15,363
53,958
6,559
4,311
4,811
8,302
8,103
21,090
15,526
n 770
2 oen
9 OO.7
2 930
2 957
3 086
1 910 1 901
28 028 28 820
5 213 5 201
17 682 18 153
1 976
28 817
5 211
18 212
2
28
5
18
002
869
263
908
1 953 1 954
29 217 28 971
5 368 5 433
19 529 20 005
' 3, 569
'7 927
'4 981
' 4, 083
'3 155
' 15, 754
1, 580 '1 529 1,600
2,372 ' 2. 438 2,407
3,958 ' 3, 799 3,976
'55 092
'7 073
4 759
4 910
'8 467
r 8 269
'r 21, 363
!5 738
3 037 3 068
1,354
1 356 1 351
1 391 1 401 1 384 1 401 1 420 1 427 1 374
19 828 20 588 20 991 20 080 20 387 20 058 20 058 19 964 '20 260 20 449
12 34Q 19 444 19 fiQ/v 19 819 12. 946 13 175 13 3«7 13 .534 ' is! 572 13. 728
and printing and publishing industries; unfilled orders for other nondurable goods industries
are zero.
1[For these industries (food and kindred products, tobacco products, apparel
and related products, petroleum and coal products, chemicals and allied products, and rubber
and plastics products) sales are considered equal to new orders.
SURVEY OF CURRENT BUSINESS
May 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
editaonof BUSINESS STATISTICS
1963
1964
1964
Monthly
average
S-7
Mar.
Apr.
May
June
July
1985
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
GENERAL BUSINESS INDICATORS—Continued
BUSINESS INCORPORATIONS c?
New incorporations (60 States and Dist. Col.):t
Unadjusted
_
number
15, 534
Seasonally adjusted _
• _ __ _ _
do __
INDUSTRIAL AND COMMERCIAL
FAILURES d1
Failures, total
,
number..
Commercial service
Construction
.
Manufacturing and mining
Retail trade
— _,
Wholesale trade .
;
. .
.
do
do
do
do
do
_
Liabilities (current), total
thous. $..
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..
16, 477
17, 676
15, 992
17,365
16, 180
16, 394
15,917
16, 856
15,919
17, 145
15, 979
14, 552
16, 074
15,465
16, 605
16 394
16, 493
14, 098
17,103
17, 459
17, 154
18, 180
17,275
15,967
17,367
19, 789
17,112
1,198
1, 125
1,320
1, 197
1,075
1,157
1, 096
1,169
1, 034
1,060
967
968
1,137
1,114
1,332
114
200
102
199
188
520
116
131
210
212
625
142
101
201
216
554
125
123
219
146
563
106
82
214
192
501
107
113
203
185
550
118
81
208
163
484
98
96
194
196
467
107
100
180
175
412
100
89
175
165
442
97
105
206
187
525
114
103
199
185
525
102
124
230
218
621
139
93, 766 119, 324
4 666
4 870
23 967 22 953
35, 619 59 174
19 135 20 629
10 379 11 698
98, 282
9 171
25,835
27, 233
28 023
8,020
201
557
126
112, 716 110, 769 110,999 112, 884
7,425 15, 211 11, 686 10, 355
19, 280 21, 866 20,776 27, 872
46,475 30, 155 26, 762 30,650
24, 947 23, 496 19, 515 28, 151
14,589 20, 041 32,260 15, 856
»56.3
*53.2
56. 6
51.3
92
179
188
501
115
93, 419 144,496 125, 642
10, 245 80,909
9,037
14, 687 15, 349 23, 772
37,782 17,951 23, 309
23, 291 21, 694 20, 781
7,414
8,593 48, 743
49.4
53.2
54.9
95, 180 114, 565
22, 555 6 074
17, 897 32, 185
16, 079 31,396
25, 715 24 958
12, 934 19, 952
59.1
56.3
50.7
50 3
48 2
89, 272 111.985 146,579
4 905 9 111 24 487
24 381 19 881 21,075
26, 189 43. 269 47, 868
19 744 28 663 29 913
14 053 11,061 23,236
52.8
51.7
54. 8
COMMODITY PRICES
PRICES RECEIVED AND PAID BY FARMERS
Prices received, all farm productsO..._1910-14=100__
242
236
239
236
235
232
234
232
236
236
234
234
236
238
239
244
Crops
:__„
..... do
Commercial vegetables
do....
Cotton
it.
.
_.__*______
do
Feed grains and hay
.do
Food grains
.
..
do
237
231
271
164
224
237
245
260
166
190
241
275
259
166
215
243
230
267
168
225
248
235
271
168
218
241
240
274
168
170
234
237
274
163
162
226
217
258
163
161
228
218
258
170
164
232
222
261
165
166
232
265
254
161
168
234
249
247
171
168
233
226
233
174
168
235
239
233
176
167
237
267
242
177
166
243
289
249
180
164
279
258
157
494
295
256
226
490
293
260
167
490
316
252
191
490
327
246
251
490
301
246
322
489
272
247
307
489
283
243
247
487
293
254
202
482
317
260
•208
493
271
263
231
491
267
273
283
496
271
275
322
485
260
281
331
495
245
282
33«
495
244
281
371
498
245
253
290
146
269
235
256
269
142
288
237
253
273
144
295
230
243
268
136
301
224
237
263
131
301
224
234
264
133
299
234
243
275
139
293
237
252
274
145
288
244
262
282
146
284
239
272
268
144
284
236
277
260
143
284
234
272
261
139
275
238
269
272
136
270
240
262
280
137
269
241
255
2*3
139
268
244
248
292
144
265
283
298
273
282
300
270
283
299
272
283
300
272
282
300
270
282
300
269
282
300
269
282
300
269
282
299
270
282
300
269
282
301
269
283
301
270
285
303
272
286
304
273
286
303
273
287
303
276
Fruit. _-._—,
_
do
Oil-bearing crops
.
do
Potatoes (Incl. dry edible beans).....
do
Tobacco___
;
_.
..do
Livestock and products..
Dairy products
...
Meat animals.
Poultry and eggs.. . ...
Wool...........
do
do
do
do
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..
312
313
313
314
313
313
312
313
313
312
313
313
317
318
318
320
Parity ratlo§t
278
275
76
75
75
74
75
74
75
76
75
75
74
75
75
76
„
.
do
CONSUMER PRICES
(U. S. Department of Labor Indexes)
3 107. 8 3 108.0 3 107. 9 3108.8
106.7 •« 108. 1 4 107. 7
107.8 107.8 108.0
108.3
108.2
108.4
108. 5
108.7
108.8
108. 9
108.9
109. 0
do
do
106.7
107.4
108.0
108.9
107.5
108.6
107.7
108.6
107.7
108.7
107. 9
108. 8
108.2
108.8
108.1
108.9
108.2
109.0
108.3
109. 2
108. 5
109.5
108.6
109.6
108. 6
109.8
108.6
109.8
108.7
109. 9
do
do
do
do
do
104.1
104.9
102. 1
101.5
116.6
105.2
106.0
103.0
101.2
121.6
104.8
105.6
102.9
101.8
119.6
104.9
105.6
102.9
101.6
120.9
104.8
105.5
102.8
101. 2
121.6
105. 0
105.8
102.9
100.8
122.7
105.3
106.3
102.9
100.6
122.7
105.2
106. 1
102.8
99.9
122.2
105.4
106.4
102. 8
98.7
121. 9
105.5
106.4
103.1
101. 3
121.9
105.6
106.4
103. 5
102.5
122. 9
105. 7
106.5
103. 4
101. 6
123.7
105.6
106.3
103. 6
101.5
123. 7
105.5
106.3
103.3
101.0
121. 7
105. 6
106. 4
103.2
100.8
121.7
_ _ _ . do
do
103.5
113.0
104.4
115.2
104.3
114.5
104.3
114.8
104.3
114.9
104.3
115.1
104.3
115.3
104.2
115.4
104.3
115.5
104.6
115.7
104.8
116.0
104.9
116.2
104.9
116.6
104. 7
116. 9
104. 8
117.0
105. 1
100.2
103.8
111.0
106. 4
98. 6
104.7
115. 3
105.7
97.2
104.5
115.1
105.7
97.0
104.1
115.7
105.5
96.6
103.9
115.7
106.2
96.8
104.0
120.2
107. 2
98.9
104.3
122.3
106.9
99.2
104. 4
117.3
107.2
101.4
104.6
112.2
106 9
100.6
105.3
111.7
106.8
99.5
105. 3
113.0
106.9
99.0
105.6
114.5
106.6
99.2
105. 6
112.4
106. 6
99.5
105.2
113.3
106. 9
99. 6
105. 0
115.3
Housing
_
do
Shelter9*
.....do
Rent...
._
.
. do
Homeownership*..
__do
Fuel and utilities*
_.
.
do
Household furnishings and operation*... .do
106.0
106.9
106.8
107.0
107.0
102. 4
107.2
108.7
107.8
109.1
107.3
102.8
107.1
108.4
107.5
108.9
107.3
102.8
107.0
108. 2
107.7
108. 6
107.4
102. 9
106.9
108.2
107.7
108.4
107.2
102. 9
107. 1
108.4
107.8
108.7
107.1
102.9
107.1
108.6
107.8
108.9
107.0
102. 8
107.2
108.8
107.9
109.2
107.1
102.6
107.4
109.0
107.9
109.5
107. 2
102.8
107,6
109. 2
108.2
109.6
107.4
102. 8
107.7
109.3
108.3
109. 8
107. 5
102.9
107. 8
109.5
108.4
110.0
107.9
102.9
108.1
109.9
108.4
110.6
107. 9
102.8
108.2
110.2
108. 5
110.9
107.4
102. 8
108.2
110.1
108. 7
110. 8
107. 4
103.1
Apparel and upkeep*.
Transportation
Private
Public.
104.8
107. 8
106.4
116.9
105. 7
109. 3
107.9
119.0
105.3
108.9
107.4
118.3
105.6
109.0
107.6
118.4
105. 7
109.1
107.7
118.6
105.7
109.2
107. 8
118.9
105.5
109.4
107. 9
119. 0
105.3
109.3
107.9
119. 1
105.9
108.9
107.4
119.3
106 2
109. 4
108 0
119.3
106.4
110.0
108.6
119. 5
106. 6
110.5
109.0
120.3
105. 6
111.1
109. 7
120.6
105.8
110.6
109. 1
121.2
106. 0
110.6
109.0
121.3
113.5
119.3
109. 1
114.0
113.7
119.5
109.3
114.1
113.8
119.8
109. 4
114.2
All items...
Special group Indexes:
All items less shelter.....
All Items less food.
1957-59=100..
_
Commodities^.. _ _ . _ _ _ _ _ _ _ _ _ _ _ _ _ „ _ _ _ _
Nondurables...
._
Durables? 9
—
New cars
Used cars..
.____
_
Commodities less foodj
Services?...
Food 9
_-_——'
Meats, poultry, and
Dairy products....,*
Fruits and vegetables.
fish....
.
...
._
Health and recreation 9 *__-..____
Medical care
..._._..
Personal care
_
Reading and recreation...
._.'..
do
do___
do
..do
do
do
do
do— .
do
do "
do
do
111. 4
113. 4 113. 5
113. 1
113. 6
117. 0
119.0
118. 7
119.1
119. 4
107.9
108.7
108.7
108. 9
109. 2
114.0
111.5
114.1 1
114. 1 113.6
'•Revised.
1 Based on unadjusted data.
2Annual data for 1961-64 for parity ratio
?o]?oteo, for government payments made directly to farmers are as follows (unit as above):
83; 83; 81; 80. Descriptive material and annual data back to 1933 appear in the Dept of Agriculture publications, "Agricultural Prices," January 1964 and 1965 issues.
3 "All items"
index on old basis (discontinued with June index).
4 New series. Beginning Jan 1964 the
index reflects the following changes: (1) updated weighting factors and price data base; (2)
improvements in statistical procedures; (3) a more comprehensive index, incl. single workers
living alone, as well as families of wage earners and clerical workers; (4) expansion of the
market basket from 325 to 400 items; and (5) increase in the sample of priced cities to 50
metropolitan areas and cities in the U.S. incl. Alaska and Hawaii. The new series has been
____.
113.9
114.0
114.3
114. 9
114.7
114.2
114.5
119.7
119,9
120.3
121.4
120.2
121.0
120.6
109.5
109.7
110.0
110.4
109.7
110.1
110. 0
114.3
114.5
114.9
114.9
115.0
115.2
115. 4
linked to the old series as of Dec. 1963 to provide continuous series (see exceptions in notes
"1" and "*"). More complete information and data are available from the Bureau of Labor
Statistics, U.S. Dept. of Labor (Washington. D.C., 20210).
cf Compiled by Dun & Bradstreet, Inc. (failures data are for 48 States and Dist. Col.).
fData prior to 1963 exclude Dist. of Col. Revisions for Jan.-Dec. 1962 (seas, adj.) appear
on p. S-7 of the Aug. 1964 SUEVEY.
©Revisions for Jan. 1961-Mar. 1963 are available
upon request.
iSee note marked "t" on p. S-7 of the Feb. 1964 SURVEY.
§Ratio of prices received to prices paid (incl. interest, taxes, and wage rates).
IData
beginning 1963 as shown here are not comparable with "old series" data formerly published.
9 Incl. data not shown separately.
*New Indexes.
SURVEY OF CUEEENT BUSINESS
S-8
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
Monthly
average
May 1965
1964
Mar.
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
COMMODITY PRICES—Continued
WHOLESALE PRICEScf
( U.S. Department of Labor Indexes)
Spot market prices, basic commodities:
22 Commodities
___.- _— -1957-59=100-.
9 Foodstuffs
do
13 Raw industrials
'. do
-
Total manufactures
Durable manufactures
Nondurable manufactures.
_!
96.3
88.2
102.4
100.3
95. 3
87.9
100.9
100.1
95.2
87.0
101.4
100. 0
95.8
86.8
102.5
100. 4
97.9
87.7
105. 7
100. 3
100.0
89.3
108.2
100,7
102.3
89.7
112. 0
100.8
102.7
89.2
113.2
100.7
103.2
91, 1
112.5
100.7
102.3
91.5
110.6
101. 0
102.4
91. 5
110.7
101.2
103. 0
89.8
113.2
101. 3
105.2
90.6
116. 7
101.7
100.3
100.5
94.3
87.9
98.9
100. 4
do
do... _
do _
95.0
100.5
101.4
94. 1
100, 9
101. 8
94.3
100.9
101.5
94.2
100.9
101.3
93.5
100. 6
101.3
92.4
100.3
101.7
93.8
100.5
102. 1
94.1
100. 4
101.9
95.7
100.6
102.1
94.3
101.1
102.1
94.0
101.1
102.1
94.0
101.4
101. 9
94.2
101.6
102. 3
95.5
101.6
102,3
95.8
101.6
102.4
97. 0
101.8
102. 8
— do ...
101.0
99.6
102.4
99.1
102. 0
99.2
102.2
98.9
102.4
98.4
102.3
98.4
102.4
98.9
102. 5
98.7
102. 4
99.4
102.8
99.2
102.9
99.1
103. 0
99.0
103. 1
99.5
103.2
99.6
103.3
99.8
103. 4
100.4
do
- do_ __
__do_-__
100. 6
101.3
99.8
101.1
102.5
99.7
100.9
102.2
99.6
100.9
102.4
99.4
100.8,
102.6
99.0
100.8
102.4
99.1
101.1
102.5
99.7
101.0
102.5
99.5
101.2
102.5
99.8
101.4
102.8
100. 0
101.4
102.9
99.8
101.5
102.9
100.0
101.8
103. 2
100. 5
101.8
103.3
100. 3
101. 8
103.3
100.4
102. 0
103.4
100.7
94.3
103.2
94.1
84.7
95.2
104. 9
99.1
83.8
94.4
105.9
103.3
82.4
93.7
107.4
103. 2
81.2
93.2
•113.1
89.8
82.3
94.1
108.9
85.7
87.7
93.6
97.9
85.7
88.4
95.7
101.5
90.2
90. 9
93.8
98. 2
88. 9
85.8
94. 0
108.0
88. 0
83.6
92. 7
98. 9
90." 1
83. 1
93.0
98.5
90.4
85.5
94.5
' 95. 4
102.5 '107.8
90.5
90.6
88.4
89.8
97.6
117. 6
91.2
91.4
102. 1
107.9
107.8
100. 3
92. 1
101.8
108. 1
107. 5
100. 7
92.4
102. 3
108. 3
107.5
101. 0
93.6
By stage of processing:
Crude materials for further processing
Intermediate materials, supplies, etc
Finished goodsO
By durability of product:
Nondurable goods
193.9 197.7
i 92. 0 188.8
i 95. 2 1 1.04. 6
Livestock and live poultry
do
95.7
96.1
101.9
88.8
Cereal and bakery products
Dairy products and ice cream
___
Fruits and vegetables, canned, frozen
Mea*s poultry and
fish
do
do_ __
do
do _
101.1
107.3
107 .5
103 .9
93.3
101.0
107.8
107.8
104.8
90.8
100.5
106.8
107.3
107.5
88.7
100. 4
107.8
107.1
107. 3
88.3
99. 4
107.5
106.6
106.3
86.9
100.2
107.9
107.1
106.1
90.2
101. 2
108.6
107.0
105.1
93.3
101.0
108.3
107.3
102.1
93.3
102.2
108.1
108. 7
102.2
96.1
101.7
108.2
108. 9
102.7
93.2
100. 9
108. 3
109. 5
102.3
89. 8
100.8
108.2
108.9
101.9
88.8
102. 2
108.2
108.3
101.9
91,9
Commod. other than farm prod, and foods-do. __.
100.7
101. 2
101. 1
101.1
101. 1
100.9
101.1
101.1
101. 1
101.5
101.6
101.8
101.9
...101.9.
102.0
102.1
Chemicals and allied products 9 _ _ _ _ _ _do „
Chemicals industrial
do
Drugs and Pharmaceuticals. _ _ _
do
Fats and oils inedible
_.
do. __
Fertilizer materials __ .
_do_
Prepared paint
do _
96.3
94.8
95.1
80.3
99.9
103.8
96.7
94.2
95.0
96.8
100.1
104. 7
96.5
94.4
95.2
85.8
100.2
104. 8
96.6
94.4
95.4
87.3
100.2
104.8
96.7
94.5
95.5
88.6
100.2
104. 8
96.5
94.3
94.6
93.2
100.2
103.9
96.6
94.3
94. 8
95.9
101.1
104.1
96.5
93.9
94.7
101.3
100.2
104.8
96.6
93.9
94. 6
106.2
98.8
104.8
96. 9
94.3
94.6
107.7
99.3
104. 8
97.1
94. 1
94.7
112.6
100. 7
104. 9
97. 2
94.2
94.7
116.8
100. 7
104.8
97. 3
94.6
94.4
113. 4
102. 3
104. 8
97.5
94. 7
94.6
118.3
103.8
105.2
97.5
94.5
94.6
118. 7
104. 3
104.4
97. 6
94.8
94.7
121.3
104.3
104.4
99.8
Fuels and related prod., and power? .....do
96.9
Goal
- do
Electric power....
.Jan. 1958= 100.. 102.0
122.8
Gas fuels
... _ ... do
Petroleum products, refined __._ 1957-59= 100 _. 97.2
97.1
96.9
101.1
121.3
92.7
97.0
97.1
99.4
123.2
92.9
96.1
95.0
101.3
120.4
91.1
96.4
95.1
101.3
116.6
92.2
96.3
95.3
100.9
116.0
92.3
96.7
96.1
100.6
120.2
92.5
96.4
98,6
101.4
121.2
91.4
95.2
97.3
.101.5
118.4
89.5
96. 7
97.7
101.5
120.4
91.9
97.6
98.0
101. 4
123. 1
93.3
98.1
98.2
101. 3
124.0
94.0
98.5
98.3
101.1
121. 4
95.2
97.9
97.9
97.7
98.3 ' 97. 3 95. 5
100.8
100.8
100.8
124. 1 ' 124. 1 121. 9
93.9
94.0
94.1
Furniture, other household durables 9 - - _do_.__
Appliances, household
_
do
Furniture household
do
Radio receivers and phonographs.
do
Television receivers
do
98.1
91.8
104.6
82.8
92.3
98.5
91.3
105.3
81.5
90.9
98.5
91.7
105.0
81.5
90.9
98.6
91.6
105.2
81.5
91.2
98. 6
91.6
105.3
81.5
91.2
98.5
91.2
105.1
81.5
91. 2
98.6
91.2
105.2
81.8
90.8
98.6
91.3
105. 3
81.8
90. 8
98.6
91.1
105.3
•81.8
90.8
98. R
91.2
105. 5
81.5
91. 1
98.5
'90.7
105.6
81.3
91.1
98.4
90.6
105.7
81.3
90.0
98.3
90.2
106.1
81.1
89.7
98.2
90. 0
106.2
81.1
88.9
Hides, skins, and leather products 9
Footwear
- ...
Hides and skins
Leather
Lumber and wood products
Lumber
do.—.
do. .do
do _
_do.__.
-do
104.2
108.3
84.0
101 .9
98.6
98.9
104.6
108.5
87.5
102.9
100.6
100. 7
102.5
108.2
75.7
99.6
101. 0
101.4
104.5
108.3
88.1
102. 0
101.8
102.0
104.7
108. 3
85. 7*
104. 5
101.8
102.2
104.8
108. 3
90. 3
103.3
101.4
101.8
105.4
108.3
92.6
104.7
101.2
101.5
105,6
108. 3
96.0
104. 5
100.9
101. 1
105. 4
108.4
95.5
104.0
100.6
100.7
106.0
109.1
95.4
104.8
100. 3
100.4
105,5
109. 0
90.7
103.9
99.6
99.2
104. 9
109.1
86.5
104.2
100. 8
100.8
105.1
105.7
109.1
109. 1
92.1
90.2
103.2
105.7
100.8 ' 100. 7
101.4
101.3
Machinery and motive prod. 9----Agricultural machinery and equip.
Construction machinery and equip
Electrical machinery and equip _
Motor vehicles
do
do
do— —
do.
do .-
102.2
111.1
109.6
97.4
100.0
102.9
112.9
112.4
96. 8
100.5
102.9
112.7
112.2
97.7
99.9
103. 3
112. 7
112.3
97.7
101.2
103.0
112.7
112.3
96.5
100.9
103. 1
112.9
112.3
96.5
100.9
102. 9
113.1
112.3
96.6
100.7
102. 9
113.0
112.4
96.6
100.5
103.0
112.9
112.4
'96.3
100.7
103.2
113.8
113.4
96.5
100.7
— ._— do— do do.—.
do —
100.1
92.9
99.1
99.1
102.8
92.0
100.5
105. 9
102.7
112.6
112.0
97.0
99.9
102. 0
92.1
100.2
102.8
102.2
92.1
100.2
104. 0
102.1
92.0
100.3
103.9
102.3
92.4
100.4
104.0
102. 5
91.9
100.7
104.4
103. 0
91.7
101.2
105.8
103.0
91.7
100.5
107.0
103. 8
91.8
100.7
110.4
104.3
91.9
100.9
112.0
105. 4
109. 0
90. 2
103.9
99.4
99. 1
103.1
114. 2
113.7
96.3
100.8
104.7
92, 2
101.1
113.4
Nonmetallic mineral products 9—
.do—
Clay products, structural. _ _
___do—
Concrete products
do
Gypsum products
._
do
Pulp, paper, and allied products. _
___do
Paper
—
.
..do
Rubber and products
• •— _
do. .Tires and tubes . .
do ,
101.3
103.6
101.7
105.4
99.2
102.4
93.8
90.1
101.5
104.4
100.9
108.2
99.0
103.6
92.5
89. 0
101.1
103.9
100. 7
108.6
99.3
103.5
93.9
91.3
101.3
104. 5
100.6
108.6
99.1
103.6
93.1
89.2
101.3
104.5
100. 6
108. 6
98.7
103.7
92.6
88.0
101.4
104.5
100. 8
108. 6
98.7
1C3.7
91.6
88.0
101.5
104.4
100.9
108. 6
98.7
103.7
91.8
88.0
101.7
104. 5
100.8
108.6
98.7
103.7
91.8
88.0
101.8
104.6
•101.1
108. 6
98.7
103.7
91.9
88.0
101. 8
104,8
101.1
108.6
99. 1
104.0
92.1
88.0
101.8
104.9
101.1
108.6
98.9
104. 0
92.2
88.0
Textile products and apparel 9 —
100.5
101.9
100.3
93.9
139 .9
100.9
101.2
102.8
99.6
95.8
117.3
103.0
101.2
102.3
101.1
95. 5
116.6
103.3
101.1
102. 3
100.5
95.5
116. 4
.103.2
101.2
102.7
99.6
96.0
116. 4
102.8
101.0
102.8
98.7
96.2
117.0
102.8
101. 1
103.3
98.3
96.2
117. 0
102.6
101.2
103.3
98.6
95.8
117.0
103.0
101.2
103.3
98.9
95.7
117.0
102.9
101. 4
103. 3
99.0
96.1
116.6
103.1
Tobacco prod, and bottled beverages 9 _ do— _.
Beverages, alcoholic-.
do
Cigarettes
do _
Miscellaneous
do
Toys, sporting goods...
_ _ _ _ _ _ ..do
106 .1
101.0
104.1
110.4
101 .0
107.4
100.7
105.6
109. 2
101. 0
107.1
100.7
105.6
109. 8
101.1
107.1
100.7
105.6
109.5
100.8
107. 3
100.5
105. 6
107.2
100.8
107.4
100.3
105.6
106.7
100.9
107.3
100.3
105.6
107.5
101.0
107. 5
100.8
105. 6
107.3
101.0
107. 5
100.8
105.6
109.2
101.2
PURCHASING POWER OF THE DOLLAR
As measured byWholesale prices...— —..
1957-59=100-Gonsumer prices
_ _
do
99.7
93.7
99.5
92.5
99.6
92.9
99.7
92.8
99.9
92. 8
100.0
92.6
99.6
92.3
99. 7
92.4
99.3
92.3
Fruits and vegetables, fresh and dried — do
Metals and metal products 9
Heating equipment
Iron and steel..
.._,.____
Nonferrous metals
Cotton products. ______..
Manmade fiber textile products
Silk products
Wool products
do—.
__do
do
do
«_ • do
r
Revised.
P Preliminary.
1 Monthly averages computed by OBE. 2 indexes
based on 1947-49=100 are a? follows: Measured by—wholesale prices, 82.8 (Apr.); consumer
prices, 74.8 (Mar.), cf For actual wholesale prices of individual commodities, see respective
98.3
90.0
108.2
81.1
88.9
98.2
90.0
106.1
81. 1
88.9
106.3
109.6
96.3
103.6
100.5
101. 0
103.3
103.5
103.5
114. 5 '114.4 ' 114. 6
114.3
113.8
114. 5
96.5
96.6
96.6
100. 8
100.9
100. 8
103.6
114. 8
115.0
96.9
100. 8
104. 5
91.3
101.4
111.9
104. 8
91.6
101.3
112.7
105. 1
92.0
101. 4
113.8
101.6
105.0
101.1
106,6
98.9
103. 7
92.2
88.8
101.8 '101.9
101. 7
105.0
105.1
105.1
101.2
101.2
101.3
108.4
107.7
106.6
99.0
99,0 '99.5
103. 7
103.8
103.8
92.3
92.2
92.2
88.8 . 88. 5
88.5
101.4
103. 2
99.1
96.5
117.8
103.3
101.5
103.1
99.4
96.8
117. 4
102.8
101.5
103.1
99.5
96.9
121. 6
103.4
101.5
103.1
99.6
96.3
135.5
103.3
101. 9
105.1
101. 3
108.1
99.8
104.0
92.3
88.5
101. 5
103. 1
99.7
96.1
134.5
103.1
107. 6
100.8
105.6
110.1
101. 1
107. 5
100.5
105.6
108.5
100.9
107. 5
100.5
105. 6
110.7
101.0
107. 5
100. 5
105.6
110.0
101. 6
107.6
100.9
105.6
109.6
101. 6
107.5
100.6
105,6
109.5
'101.7
99.2
92. 2
99.3
92.0
99. 3
91. 9
99.0
91.8
98.8
91.8
98.7
291.7
commodities.
O Goods to users, including raw foods and fuels.
shown separately.
104.6
91.4
101.2
112.2
101.5
103.1
99.6
96.4
131.4
103. 1
107.6
100.7
105.6
110.3
101.9
2
98. 3
9 Includes data not
SURVEY OF CURRENT BUSINESS
May 1965
Unless otherwise stated, statistics through 1962
end descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
|
1964
Monthly
average
S-9
1964
Mar.
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
4,720
Feb.
Mar.
Apr.
CONSTRUCTION AND REAL ESTATE
CONSTRUCTION PUT IN PLACEf
5,204
5,501
4,643
5,098
5, 483
6, 185
6,162
6,208
6,189
6, 092
5,763
5,429
3,648
Private total9
— ... ....
do...
Residential (nonfarra) 9
'• do . 2,154
1,672
New housing units
do
Additions and alterations....
do... . (')
Nonresidential buildings, except farm and
988
public utilities, total 9 ...
___mll. $_
247
Industrial
-•—
-' -<
.do—
433
189
Stores restaurants, and garages
do
106
Farm construction
.
___ _. do__
Public utilities -. — —
. _.— ...... do.... 374
3,830
3,325
3,638
3, 895
4,257
2,552
1,703
0)
4,222
2,573
4,228
2,500
4, 179
2,417
1,911
0)
4 109
2,323
1 843
0)
4, 022
2,235
1,784
0)
278
470
200
103
399
257
424
167
96
317
251
411
155
95
366
1,172
293
506
232
111
448
1, 184
299
517
242
107
469
1,188
312
520
239
102
471
3 331 '3,084 r 3 365
3,800
2,080
1,793 r 1,585 r 1 835
1 664 1 434 r 1 273 r i 396
'(')
0)
(0
•'(')
1,144
1,089
1,065 r 1, 063
324
332
332
••325
482
439
425
'436
r
175
207
177
196
95
98
92
94
453
328
' 316 '348
1,557
460
0)
1, 671
515
0)
1,318
464
0)
1,460
525
0)
2, 010
568
0)
794
533
1,983
569
(i)
787
504
1,741
497
0)
678
449
1,629
494
(i)
613
415
1,389
471
(i)
New construction (unadjusted), totalf-— — mll.$_
Public total
.—
—
...do
Nonres!dential buildings.. ......
.....do....
Military facilities
—
— . do
Other types ._
...
-'.
...do
556
430
2,213
1,716
0)
1,908
1,477
0)
2,188
1,610
0)
2,345
1,086
981
963
1, 017
581
467
New construction (seasonally adjusted at annual
rates) totalt
-....mil. $_. 262,451 266,008
43,772 45, 954
Private total 9
!.....
..do
25,843 '26, 560
Residential (nonfarm)
_
_ do
Nonresldentlal buildings, except farm and
public utilities, total 9 - - —
..mil. $.. 11,859 13, 027
2,962 3,333
Industrial
do
5,200
5, 635
Commercial^
-do. .
2,268
2,395
Stores restaurants, and garages. _..do_
1,266
1, 240
Farm construction
do
4,789
Public utilities
. . d o . 4,494
18,679 20,054
Public total 9
do
Nonresidential buildings.. ........
do
Military facilities
..
do
Highways
•. . '. do
351
413
384
454
254
442
175
99
404
1, 588
517
(*)
481
477
1, 879
(')'•
1,976
1.086
1,130
(1)
258
480
207
106
421
269
497
220
115
421
1,963
597
•0)
1,905
525
(i)
1 974
•(')
1,154
284
497
220
118
421
710
534
740
526
1,980
555
(i)
770
534
T
4, 287
' 4 761
'1,203 -' 1, 396
422
399
r
'450
(i)
'489
(i)
291
377
397
420
1 049
318
431
196
92
388
1 457
521
0)
66,615
64,983
66, 576
66,641
65,991
66,454
65, 335
65,588
67,311
66, 505
67,009 '68 161
67 299
46,923
46,449
45, 780
46, 006
46,261
45, 906
45,861
45, 521
45,497
46,184
46 306 '46,931 '47 242
47 105
28, 123
27, 538
26, 678
26,612
26, 708
26, 342
25, 972
25, 679
25,642
26, 016
26 617
12, 728
3, 074
12,661
3,076
12,756
12, 900
13,063
3,334
5,574
2,302
13,386
3, 514
5,746
2,530
1,232
4,923
13, 406
3,540
5,776
2,621
1,226
4,915
13,453
3,655
5, 767
2, 556
1, 223
4,875
13,442
3,791
5,639
2,443
1,219
5,191
13,339
r
26, 907 '27 Oil
2,351
1,253
4,518
2,293
4,660
1,252
2, 252
1,250
4, 746
2, 268
1,247
4, 832
4,828
19,586
20,166
19, 203
20, 570
20, 380
20, 085
20, 593
19, 814
20,091
21,127
20 199
5,993
6,259
0)
5,828
0)
6, 888
7,549
6,313
(i)
7,273
6, 330
(i)
6,667
6,193
(i)
7,151
6,229
7,068
6, 115
(i)
7,021
6,563
6,796
6, 040
(i)
6,410
6,528
6,670
6,175
0)
6,971
7,500
(i)
7 098
3,796
3,942
3
4,215
4,639
138
4,504
138
3, 762
131
1,124
2,638
4,029
136
1,310
2,719
3 757
143
1,174
2 583
3 598
3 127
3 223
4 209
1,230
2 368
1 104
2 023
1,112
2 110
1 348
2 861
1 060
1 299
1 379
1 877
0)
2 132
1* W0)
66,509
13, 271
3,505
5, 609
2,381
1,237
4,670
5,524
5 146
3,689
5,668
0)
3, 149
5,561
5,542
3,204
5,562
1 , 242
(i)
V)
26 794
13,418 '13,766
3,841
5, 577
2,501
2,436
1 219 1, 218
4 807 ' 5, 020
3 788
5 579
1
13, 814
'3 888 3 907
'5,859
5 901
'2,761 2, 896
1 218
1 216
' 4, 915
4 916
20, 078 '20 919
20 194
' 6, 497 ' 6, 306
(i)
(i)
6,688 7, 715
6,209
(i)
(i)
CONSTRUCTION CONTRACTS
Construction contracts In 48 States (F. W. Dodge
Co.):A
Valuation, total
...
mil. $
Index (mo. data seas. adj. )_„._ .1957-59= 100. _
Public ownership
•_.. mil. $__
Private ownership
do
By type of building:
Nonresidential
- —
do
"Residential
.
._-__. do ^
Non- buildin g construction. _.___— ...do.. ..
New construction:
Advance planning (ENR)§. —•_. — ......do....
Concrete pavement awards:d*
Total.....
...____.thous. sq. yds..
Airports
- - do
Roads
'.;
....do. _.
Streets and alleys
do
140
4,359
138
2,574
137
1, 281
2,661
1,339
2, 876
1,318
1, 198
1,709
1, 291
1,713
1,252
1, 991
3132
1,221
3,042
1,420
1,535
3,104
1, 491
3,013
1,619
2 983
3 760
121
1,101
2 658
1, 362
4 601
140
154
137
140
141
972
2,006
933
2,050
1, 227
1, 400
1, 996
1,108
1 548
2 000
1,054
1 275
1 679
807
1 228
1,717
817
1,425
1, 702
902
1 263 1 2^8
1 482 1 306
1,012
994
1 155
1 273
700
863
3,700
2,664
3,165
3,190
3, 143
4,823
3,506
2,860
3,676
2,900
3,915
2, 614
4, 013
3,476
10,314
446
6, 411 47,489
4
9,057
836
6,956
12, 997
10.831
240
9, 463
13, 354
1 395
8,981
2 747
11, 962
252
9, 187
2 241
282
8,828
472
5,792
2,276
288
11,720
100
8, 509
2 455
655
10, 600
6,870
359
8,946
79
13, 114
231
7,246
388
4 840
1 660
357
96
676
206
7 288
1 515
9 917
2 646
64
366
889
2,770
937
10,053
482
3, 160
2,4 132
247
1,046
219
611
9,861
2,402
124
7, 714
2 716
'l61
270
6, 474
2,481
238
307
7 935
2 262
5 629
953
3,322
185
HOUSING STARTS AND PERMITS
New housing units started:
Unadjusted:
Total, Incl. farm (public and private). ..thous..
One-family structures _ _ _ _ _ _ ;
do
Privately owned
do
Total nonfarm (public and private)
In metropolitan areas.....
Privately owned ._
__do_— .
do....
do
#>
136.7
85.1
134.1
132. 1
81.4
133. 3
82.2
130. 1
152.3
90.7
148 5
160. 5
101.4
157 5
164. 0
102.1
158 5
145.1
91 7
142 7
144.8
90. 2
141 6
126.0
79 6
122 6
143.1
90 6
141 0
113.8
69 7
111 4
100. 1
59 7
98 5
85.6
* 51 8
81 5
r 51 9
85 4
87.8
123. 4
77 5
119 5
134.4
95.8
131. 8
693.3
129.8
131. 5
96.6
128.3
149.5
102.5
145. 7
158.2
115.1
155.2
161. 3
118. 0
155 8
142.8
102.9
340 4
142.2
97.1
139 0
123.9
89.9
120 5
140. 6
99.0
138 5
111.6
77.1
109 2
98. 2
72.4
96 6
84.2
'58.9
80 1
87.1
' 63. />
84 7
121.5
90.2
117 6
1,663
1,638
1 531
1 501
1,529
1 507
1 611
1 505
1 585 1 483
1 430
1 408
1 457 1 591 1 455
1 433 1 559 1 429
1 646
1 609
1 46°
1 430
1 420
1 407
1 549
1 522
21,274 r 1, 357
2717
767
1,280
1,271
1,306
1, 281
701
1,222
694
1, 173
1,312
1, 231
1,293
715
712
114
114
121
121
129.4
127. 1
Seasonally adjusted at annual rates:
Total, including farm (private only)... _ do
Total nonfarm (private only)
do
New private housing units authorized by bldg. permits (12,000 permit-Issuing places):*
Seasonally adjusted at annual rates:
Total....:....— _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
. thous.. 21,335
One-family structures
-__.. ______do~ .. 2750
700
714
720
1,242
663
1, 220
689
1, 258
741
718
764
CONSTRUCTION COST INDEXES
Dept. of Commerce composite? ...... 1957-59=100..
American Appraisal Co., The:
Average, 30 cities......—. ......... ..1913=100—
Atlanta........
_. do
New York... ...
.
.... _ _ _ _ _ _ _ _ _ _ do .
San Francisco........
do....
St. Louis
...
_„. . ••_ do
Associated General Contractors (building only)
1957-59=100..
109
112
111
111
112
112
112
113
113
113
113
113
113
114
780
802
793
794
798
800
806
809
887
897
802
786
811
892
889
803
788
811
892
890
803
796
812
814
815
120
120
120
120
857
858
761
760
878
888
792
785
870
884
780
779
870
884
780
777
872
884
780
786
114
119
117
117
118
c
' Revised.
Corrected.
i Not yet available; estimate included in total.
2 Annual
total (also for breakdown
of new construction value).
3 Computed from cumulative valu4
ation total.
Prior
to
1964,
"miscellaneous"
yardage
was
included
with
data
for
roads
8
and streets.
Effective Jan. 1964, based on 1963 definitions of metropolitan areas; not
strictly comparable with earlier data.
tRevised series.
Revised monthly data for 1946-63 appear in Construction Report
C30-61 Supplement (Bu. of the Census).
9 Includes data not shown separately.
AMonthly averages are based on annual totals
including revisions not distributed by months.
770-264 O - 65 - 4
872
884
794
786
872
893
799
786
808
887
895
800
786
119
119
120
892
890
803
797
892
917
804
804.
121
901
917
804
RfU
121
§Data for Apr., July, Oct., and Dec. 1964 and Apr. 1965 are for 5 weeks; other months, 4
weeks. Comparable data prior to 1961 not available.
cFData for Mar., June, Sept., and Dec. 1964 and Mar. 1965 are for 5 weeks; other months, 4
weeks.
* New series (from Bu. of Census reports, Series C-20). The 12,000 permit-issuing places
covered by these data account for a major portion (about 83 percent) of private residential
building in the United States (1959-63 data for 10,000 places are also provided in Series C-20
reports).
tRevised to 1957-59 reference base; also reflects revision of basic data.
SURVEY OF CURRENT BUSINESS
S-10
1963
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1964
Monthly
average
May 1965
1964
Mar.
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
' CONSTRUCTION AND REAL ESTATE—Continued
CONSTRUCTION COST INDEXES— Con.
E. H.Boeckh and Associates, Inc. :1
Average, 20 cities:
All types combined
1957-59=100—
Apartments, hotels, office buildings
do
Commercial and factory buildings
do —
Engineering News-Record:
Biiilding.—.—
-
1957-59=100-
Bu. of Public Roads— Highway construction:
PnmnnQltA fa.ro for otr ^
1957-59=100
110. 2
111.3
110.2
108.5
113.4
111. 2
113.4
111.6
111. 9
113.1
111. 9
110.3
112.3
113.4
112.3
110.7
112.9
114.1
112.9
111.1
113. 6
114.9
113.6
111.8
114.1
115.3
114.1
112.2
114.2
115.4
114.2
112.3
114.1
115.3
114. 1
112.3
114. 5
115.8
114.5
112. 6
114.6
115.8
114. 6
112 7
114.7
115. 9
114.6
112 7
114.9
116. 1
114.8
113 0
115.4
116. 7
115. 3
113 4
115.5
116.9
115.4
113 6
112. 7
118. 6
116. 1
123.2
115.0
121.4
115.3
121.9
115.6
122.3
116.2
123.1
116.6
124.3
116.9
124. 7
117.1
124. 7
117.0
124.7
117.0
124.8
117.0
124 8
116. 9
124. 7
117.9
126.0
118.0
126. 0
« 101. 0
2102.0
102.2
142.9
152.5
152.6
158.0
161.0
158.3
160.6
149.9
167. 3
156.5
162.7
169.2
163.2
148.4
165.6
159.1
163.9
144 9
141.3
147 8
130.7
151 8
127.3
136 4
130.4
147 8
140.7
140.7
175. 7
154.2
151.4
183.2
151.1
158.0
147. 7
168.7
158.0
176. 4
164.4
154.5
205. 9
174.8
155. 6
216.5
173.0
148.5
222.6
167.0
154. 0
225.6
166. 8
162. 3
214. 4
163.9
161.0
217 3
143. 7
141. 3
186. 0
135.9
132.5
155 3
136 7
131.7
104. 9
136 8
138.2
93 4
15.8
15.2
11.6
9.5
19.0
190
11.3
124
18.7
,190
11.1
111
15.8
173
9.5
99
17.9
177
10.8
103
15.2
162
10.7
109
15.8
176
8.3
88
15.4
174
10.4
121
15. 1
183
8.7
112
11.6
194
7.3
118
11.7
193
7.1
118
11.8
202
6.8
113
15. 1
203
8.7
124
19.2
184
10.5
110
18.7
190
9.5
95
464.09
253. 76
547.77
237. 68
483.39
208. 70
483. 67
206.20
456.89
192. 02
570. 30
232.60
616. 55
251. 51
604. 77
245.93
605. 39
270.33
650.14
275. 73
556. 64
258. 30
562 63
241. 82
542 46
225. 40
443 58
199 82
532 44
216 46
541 38
» 4, 784
35,325
4,168
4,444
4,395
4,769
4,763
4,781
4,837
4,797
4,784
5,325
4,944
4, 851
4 747
2,061
2,042
2,071
2,081
2,145
2,394
2,363
2,164
2,048
2,051
1,791
1,969
1, 527
••1,541
2 061
587
827
648
543
866
633
621
784
666
579
831
671
597
881
667
624
1, 054
716
635
1,037
691
537
1,025
602
498
970
580
531
893
627
462
770
559
522
784
663
370
638
519
'379
'638
r 524
541
827
693
3,,077
8,183
9,052
2,935
8,711
3,089
9,475
3,090
9, 421
3.388
9,469
3,519
9,972
3,277
8,744
3,281
9,277
9,283
8,654
8,987
113.93 126.45
124.93
105.98
108. 56
108.08
99.47
100.55
106.11
104.21
124. 59
136. 18
113. 11
138. 63
' 125
' 115
139
127
117
136
128
113
141
103
96
109
158
106
104
99
158
99.3
102 4
103 8
1 117. 8
* 126. 0
103 2
CONSTRUCTION MATERIALS
Output Index:
Composite, unadlusted $
1947-49=100—
Iron and "teel products, unadjusted
Lumber and wood products, unadj....
Portland cement unadjusted
do
do
do
REAL ESTATE
Mortgage applications for new home construction:
Applications for FH A commitmen t s O
thous. units..
Requests for VA appraisals. _ _
..do... .
Home mortgages insured or guaranteed byFed Hous Adm • Face amount
mil. $
Vet Adm * Face amount!
do
Federal Home Loan Banks, outstanding advances
New mortgage loans of all savings and loan associations, estimated total.
mil. $..
By purpose of loan :
New nonfarm mortgages recorded ($20,000 and
under) estimated total
.
mil. $
Fire losses (on bldgs., contents, etc.).. -
mil. $..• 117. 13
DOMESTIC TRADE
ADVERTISING
Printers* Ink advertising index, seas. adi.:t
Combined index
... 1957-59 =100Buslness papers
•
do
Magazines...
do
Newspapers
...*
Outdoor
Radio (network)
_
Television (network)
do
-do
do
do
Television advertising:
Network (major national networks):
Gross time costs, total — -.*.
Automotive, Incl. accessories.
Drugs and toiletries
—
Foods, s oft drinks, confectionery
118
'111
127
125
112
136
123
'111
133
'124
'106
128
123
'106
137
128
'119
138
'126
' 109
142
'126
'117
140
'128
'112
138
' 95
88
102
'145
103
89
103
157
'101
91
' 105
'155
' 109
104
105
' 157
' 102
86
'100
' 153
' 105
86
»*LOO
159
' 107
79
'101
'154
'96
83
'103
' 161
r 108
r 92
65
'95
' 167
'106
' 159
r
114
mil. $__
_._ do.. __
do
.do
2 208. 2
214.6
269.6
*39.9
2229.1
214.7
273.1
244.7
224. 1
15.2
74.5
45.3
222. 1
14.6
69.1
43.7
223.7
13.4
69.0
42. 7
246 6
15.4
79 8
47.0
Soaps, cleansers, etc.
.
do
Smoking materials
_
do
All other...
—
do
Spot (natl. and regional, cooperating stations):
Gross time costs, total
mil. $._
Automotive, incl. accessories
do—
Drugs and toiletries
_
_
do
Foods, soft drinks, confectionery
do.__.
2 21. 9
223.9
238.4
223.1
226.9
246.7
24.4
28.0
36.8
24.5
24.5
45.7
21. 0
27.4
50.1
22. 3
27 8
54.3
2217.8
'2254.0
2
8.1 2 29.6
2
42 8
48 2
273.0
288.2
255. 9
9.7
52 3
92.3
263.7
11.4
47 0
93.1
'223.6
9.0
' 43 4
'74.4
224.6
12.5
270.8
24. 5
10.4
66.7
26.5
12.4
73.3
'24.2
'13.7
'58.9
83 1
5.1
9.2
2.3
91
11.2
86 7
6.7
9.8
2.3
91
12.8
Soaps, cleansers, etc
Smoking materials. __
Allother
_ „ _ — _ _ „ .do
do
do
Magazine advertising (general and natl. farm magazines):
Cost, total
,
,
.__„ mil.$
Apparel and accessories
_do_I__
Automotive, incl. accessories..
do
Building materials
^...do
' Drugs and toiletries
do
Foods, soft drinks, confectionery
— _do—
222.9
29.7
2
61.2
77 6
4.8
8.5
2.2
80
10.4
2
93 3
7.5
10.6
3.5
8e
11.8
102 7
6.3
11.5
3.6
9 0
12.9
4.7
49
42
45
5.5
6.0
5.6
7.1
3.7
4.0
4.9
3.4
1.0
1.3
2.1
1.0
3.0
3.2
2.7
2.8
Allother
..__._.
do
25.8
26.7
30.0
28.9
' Revised.
1 Index as of May 1,1965: Building, 117.8; construction, 126.0.
'Annual average base 1 on quarterly data.
3 End of year
ICopyrighted data; see last paragraph of headnote, p. S-l.'
9 Includes data for items not shown separately.
52
9.6
5.4
1.9
3.2
33.2
Beer, wine, liquors
do
Household equip., supplies, furnishings.. do—
Industrial materials...
... do
Soaps, cleansers, etc
_
do
00
K
60 5
.6
6.3
2.07
7
10.2
58 5
6.0
4.3
1.5
7 * ••
8.5
——-
23.6
13.7
84.5
7
1 14. Q
•JAO n
9.5
8.0
2.9
7.6
18.0
2. 6
6.3
11.2
1.9
OK
272.8
8.3
49 8
92.8
77.2
94.1
1.9
3.5
6.6
6.5
9.1
10 9
1.4
1.8
3.0
6.3
8.5
9.6
11.6
9.5
12.9
13.6
8.7
11.5
12.3
7 &
O 7
fi 7
37
27
48
4 2
1 f\
4.9
4.3
3.3
7.7
6.0
8.4
8.2
5.3
3.2
3.0
6.0
3.2
3.2
4.6
4.6
6.3
4.7
3.2
2.6
2.8
3.3
1.2
.8
.7
1.6
2.0
2.3
.9
1.2
1.9
2.0
3.2
3.7
3.0
3.2
3.8
3.6
3.6
2.7
3.1
3.4
18.5
26.3
18.0
27.9
34.8
25.0
32.7
22.5
28. 3
32.1
©Monthly data prior to 1963 are on p. 20 of the Feb. 1965 SURVEY.
$ Data include guaranteed direct loans sold; these became sizable after 1962.
tData revised beginning 1961; revisions prior to Mar. 1964 will be shown later.
2.2
8.9
3.0
n R
3.9
6.1
1.0
10.4
11.1
SURVEY OF CURRENT BUSINESS
May 1965
1963 |
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1964
Monthly
average
S-ll
1964
Mar.
Apr.
May
June
July
1965
Sept.
Aug.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
DOMESTIC TRADE—Continued
ADVERTISING— Continued
Newspaper advertising linage (52 cities):
Total
- mil. lines.
Classified
_• - ._- do
Display, total _
Automotive
Financial .
General
_.
Retail
_— _
-
__ do_.
_ _ _ _ _ do...
_ _ _ _ _ do
do_._
do
238.0
62.5
247.8
65.6
248.0
66.3
265.1
68.6
275.9
74.8
247.0
68.4
226.5
66.9
238. 0
70.5
248.2
64.9
265.0
67.6
276.4
63.7
262.3
54.8
223. 8
65.2
214. 5
62.5
256.3
71.3
175.6
12' 5
4.9
23.8
134.3
182.2
13. 3
5. 1
24.4
139.4
181.7
12.7
5.4
25.4
138.2
196.5
15.7
5.6
28.8
146.4
201.1
17.1
4.8
29.2
150.0
178.6
16.2
5.2
25.9
131.3
159.6
12.8
5.8
19.6
121.4
167. 5
11.8
3.9
17.5
134.4
183.4
15.6
4.4
24.9
138.5
197.4
12.6
5.2
30.1
149. 5
212.8
13.1
4.7
30.1
164.8
207.5
9.3
5.0
22.2
171. 1
158.6
10.6
7.3
19.3
121.4
152.0
12.0
4.3
19.8
116.0
185.0
14.3
5.4
24.8
140.4
RETAIL TRADE
All retail stores:
Estimated sales (unadj.), total....
__mil. $_
20, 536
21,802
20,502
21, 186
22,508
22,242
22,145
21, 778
21,313
22,605
21,720
27, 719
' Durable goods stores 9 . . .
do
Automotive group
_do__
Passenger car, other auto, dealers
do...
Tire, battery, accessory dealers
..do...
6,675
3,830
3,600
230
7, 093
4,041
3,800
240
6,741
4,058
3,847
211
7,360
4,453
4,215
238
7,693
4,551
4,289
262
7,719
4,387
4,110
277
7,399
4,159
3,896
263
7, Oil
3,853
3,611
242
6,893
3,728
3,503
225
7,133
3,858
3,614
244
6,813
3,713
3.471
242
8,201
4,370
4,057
313
6,665
4,219
4,032
187
'6,664
r 4,247
' 4,069
'178
Furniture and appliance group
_— do_._
Furniture, homefurnishtngs stores____do_._
Household appliance, TV, radio
_do~ _
968
622
346
1,091
705
386
973
638
335
1,004
663
341
1, 043
685
358
1,112
735
377
1,098
708
390
1,111
735
376
1,088
696
392
1,182
776
406
1,169
752
417
1,488
890
598
953
631
322
r903
598
'305
' 1,008
670
338
Lumber, building, hardware group
.do...
Lumber, bldg. materials dealers d*-__ .do...
Hardware stores. _ . _ _
__._._._._.do_._
964
743
221
970
738
232
798
616
182
938
721
217
1,047
801
246
1, 129
879
250
1,109
872
237
1, 052
823
229
1,045
814
231
1,118
871
247
995
743
252
992
643
349
743
553
190
697
'528
••169
832
637
195
N endurable 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___
13, 861
1,205
232
466
300
207
14,709
1,297
252
510
316
219
13, 761
1,283
206
502
309
266
13, 826
1,140
204
463
262
211
14,815
1,282
240
506
303
233
14,523
1,238
254
465
302
217
14,746
1,118
221
427
275
195
14, 767
1,209
220
463
314
212
14,420
1,289
234
497
323
235
15,472
1,376
269
547
345
215
14,907
1,355
273
539
333
210
19,518
2,324
523
924
571
306
Drug and proprietary stores.
______do___
Eating and drinking places.. _ _ _ _
...do—
Food group
_
do
Grocery stores
__._ _ . •
do
Gasoline service stations. -_
........ do. ._
681
1,506
4,929
4,463
1,614
715
1,617
5,183
4,689
1,691
680
1,485
4,891
4,406
1,585
665
1,547
4,898
4,414
1,617
713
1,650
5,248
4,739
1,708
705
1,711
5,114
4,613
1,754
707
1,796
5,484
4,971
1,820
708
1, 805
5,283
4, 780
1,801
701
1,671
5,099
4,612
1,701
724
1,688
5,528
5,031
1,761
689
1,568
5,017
4,546
1,712
966
1,658
5,762
5,208
1,790
716
1,559
5,242
4,786'!
1,679
••692
'732
1712
1,453 ' 1,592 1 1, 654
4,854 ' 5,170 i 5, 386
4,405 ' 4,692 14,889
1,561 '1,683 1 1, 739
General merchandise group 9
do
Department stores
_
do
Mail order houses (dept. store mdse.) _do_—
Variety stores
do_.
Liquor stores.
._
_do___.
2,388
1,390
177
385
472
2,643
1,553
195
431
497
2,303
1,336
178
389
434
2,310
1,366
179
361
446
2,479
1,463
173
399
485
2.491
i; 481
170
395
472
2,380
1,384
158
398
500
2,591
1, 513
195
421
489
2, 550
1,519
189
400
475
2,801
1,668
209
430
510
3, 021
1,761
262
473
518
5,048
2,977
341
901
770
2,094i
1,254'
135
311
455
1,998
1,159
147
333
"433
21,223
21,392
21,777
21,773
21,935
22,266
22,254
21,383
21,661
22,781
22,900
23,317
22,898 i 22,812
6,939
3,894
3,646
248
7,010
4,026
3,788
238
7, 218
4, 126
3,880
246
7,002
3,885
3,645
240
7,080
3,989
3,755
234
7,324
4,259
4,025
234
7,541
4,531
4,301
230
6,496
3,495
3,265
230
6,695
3,685
3,428
257
7,645
4,588
4,344
244
7,855l r 7,966
4,709 ' 4,855
4,470; '4,608
239
'247
' 7,727 i 7,613
4,628
4,390
238
1,088
711
377
1, 095
701
394
1,080
699
381
1, 108
735
373
1,107
709
398
1,094
719
375
1, 067
679
388
1,088
703
385
1,098
701
397
1,113
702
411
1,103
748
355
'1,081
715
'366
1, 102
725
377
936
727
209
912
707
205
974
754
220
992
765
227
954
732
222
938
711
227
966
729
237
983
741
242
982
721
261
1,004
742
262
1,050
805
245
'991
'756
'235
975
748
227
14,284
1,228
233
477
292
226
14, 382
1,272
241
504
308
219
14,559
1,295
250
502
320
223
14,771
1, 322
244
522
338
218
14,875
1,316
257
509
333
217
14,942
1, 363
269
519
351
224
14, 713
1, 285
261
504
314
206
14,887
1,301
259
512
320
210
14,966
1,310
261
517
303
229
15,136
1,300
257
518
299
226
15,045 15,351
1,327 ' 1,335
258 i
'265
531
531
315
'320
223
219
15,171
1,261
250
522
285
204
.do.. __
do
do— _
do__
_— .do
702
1,584
5, 112
4, 605
1,629
689
1,599
5,064
4,574
1, 674
713
1,589
5,034
4,540
1,670
721
1,623
5,202
4,704
1,683
726
1,642
5,261
4, 769
1,701
722
1,633
5,234
4,743
1,690
734
1,600
5, 250
4, 755
1,695
739
1, 637
5,229
4,736
1, 722
724
1, 609
5,258
4,774
1, 738
731
1,653
5,409
4,913
1,755
734
1, 704
5,192
4,714
1,749
'745
'1,720
' 5,338
'4,841
' 1,798
749
1,695
5,313
4,817
1,759
General merchandise group 9
do...
Department stores
do
Mail order houses (dept. store mdse.) . do. _ __
Variety stores
_
do
2, 489
1,467
188
404
491
2,514
1,467
192
421
486
2,589
1,543
190
420
495
2,620
1,533
200
427
503
2,686
1, 580
192
443
495
2,734
1,630
205
439
494
2,591
1,516
192
427
499
2,664
1, 568
198
429
503
2,738
1,580
191
466
509
2, 762
1,600
196
442
508
2,832
1,715
193
439
499
'2,848
' 1,712
196
456
'515
2,826
1,676
208
459
513
Estimated sales (seas, adj.), total t
- - do
Durable goods stores 9
_ __•_.
Automotive group ._ ...
Passenger car, other auto, dealers
Tire battery accessory dealers
do
do..
do
do
-
-
Furniture and appliance group
do
Furniture, homefurnishings stores do__
Household appliance, TV, radio
do
Lumber, building, hardware group ...do
Lumber, bldg. materials dealers cf
do
Nondurable goods stores 9
do
Men's and boys' wear stores
__do____
Women's apparel, accessory stores... do
Family and other apparel stores..
do... .
Drug and proprietary stores
Eating and drinking places
Food group
______
Grocery stores
_
_
Gasoline service stations
_
Estimated inventories, end of year or month:f
Book value (unadjusted), total .
mil. $_
Durable goods stores 9
— .....do
Automotive group. __
do
Furniture and appliance group..
do
Lumber, building, hardware group.__do_.._
20, 581 ' 19,608 '22,007 123,483
'7,769 i 8, 136
' 4,997 i 5, 067
4,785
212
13,916 ' 12,944 ' 14,238 i 15,347
1,100
'917 '1,073 11,430
231
••181
191
439
378
456
247
'206
241
183
152
185
' 2,412
' 1,426
192
375
456
28,500
12,255
5,353
1,975
2r316
28,780
11,993
5,010
2,000
2,316
30,200
13,384
6, 159
2,023
2,416
3Q,566
13,508
6,157
2,055
2,447
30,352
13,481
6,085
2,064
2,452
30,118
13,380
6,027
2, 040
2,452
29, 851
13, 112
5,849
2,041
2,398
29,227
12, 127
4,874
2,024
2,388
29,672
12, 026
4,763
2,074
2,374
29, 897
11, 603
4,345
2,107
2,346
30,628
11,998
4,605
2,137
2,351
28,780
11,993
5,010
2,000
2,316
29,035 29,778
12,479 12,921
5,440 '5,783
1,989 ' 2,017
2,352| ' 2,374
31, 146
13, 580
6,220
2,067
2,468
16,245
3,380
3,554
4,767
2,512
16, 787
3,509
3,783
4,824
2,626
16,816
3,611
3, 698
4,896
2,556
17,058
3,655
3,691
5,035
2, 613
16,871
3,570
3,673
4,978
2,608
16,738
3,499
3,664
4,931
2,555
16,739
3,482
3,619
5,033
2,616
17, 100
3,728
3,631
5,116
2,707
17, 646
3,906
3,719
5,381
2, 875
18, 294
4,017
3,818
5, 745
3, 131
18,630
4,059
3,835
5,888
3,232
16,787
3,509
3,783
4,824
2,626
16,556
3,392i
3,738;
4,789,
2,5481
16,857
3,538
3,736
4,971
2,648
17, 566
3,857
3,782
5,282
2,839
Book value (seas, adj.), total..._.........do.... 29,383 29,621 29,661 29,961 29,926
Durable goods stores9-._...
....do.... 12,509
2,220 12,913 13,045 13,024
Automotive group.
...do.^_. 5,435
5, 650
5,045
5, 701
5,624
Furniture and appliance group
.do..". 2,013
2,033
2,041
2,037
2,066
Lumber, building, hardware group --do
2,402
2,398
2,357
2,357
2,371
'Revised,
i Advance estimate.
9 Includes (lata not shown s eparateb7.
cf CJomprises lumber yards, building materials dealers, and paint, pi umbing, and electrical stores.
{Revised (back to Jan. 1953) to reflect useofne\v seasons 1 factors and new adjustm ents
V£o2,ding day differences.
Revisions for period s not sh own her e appear in the July
1963 Census report, "Monthly Retail Trade Report , Adjusted Sales, Supplernent."
30,180
13,079
5,724
2,054
2,399
30,129
12, 924
5,619
2,070
2,377
29, 967
12, 762
5,570
2, 024
2, 383
30, 082
12, 867
5,677
2,045
2,388
29, 314
12, 076
4,983
2,030
2,379
29,332
12,066
4,973
2.026
2,382
29, 621
12, 220
5,045
2,033
2,398
30, 025 !
2,583!
5,276!
2,061
2,447
30,080
12,703
5,345
2,086
2,425
30,551
13,076
5,680
2,079
2,417
Nondurable goods stores 9 _--—..
do
Apparel group....
do
Food group......
.
do
General merchandise group
...do
Department stores*....
do.. "
1997
i 2, 870
1 1, 680
15,199
fRev ised serif JS. Revi sed to t ake account of t enchmar k data rom the 1962 and 1963
Annua I Surveys of Ret ail Trad 3; revisio ns throu gh 1962 appear on pp. 16-19 of the Dec.
1963 STJRVEY arid those back to Fan. 1963 on p. 2£ of the Sept. 1964 SURVEY
*Nevv series; f or earlier periods back to 1Dec. 1956 see p. 32 of the A pr. 1964 SURVEY.
SURVEY OF CURRENT BUSINESS
S-12
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1964
1964
1963
May 1965
Monthly
average
Mar.
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dee.
Jan.
Feb.
Mar.
Apr.
DOMESTIC TRADE—Continued
RETAIL TRADE-Continued
All retail stores— Continued
Estimated inventories, end of yr.or mo.§— Con.
Book value (seas, adj.)— Continued
Nondurable goods stores 9
mil $
Apparel group
do
Food group
do
General merchandise group
__do
Department stores*
do
Firms with 4 or -more stores:
Estimated sales (unadjusted) total
do
Firms with 11 or more stores :
Estimated sales (unadj ) total 9
do
Apparel group 9
jvLen s aim uoyo we rsi/ores..
.-.do _.
u
Shoe stores
Drug and proprietary stores
General merchandise croup 9
Dept stores excl mail order sales
Variety stores
Grocer v stores
do
do
do
do
do
__do -
16, 874
3,539
3,568
5,186
2,730
17, 401
3,682
3,833
5,192
2,821
16, 748
3,593
3,680
4,923
2,564
16, 916
3,630
3,665
4,999
2,557
16,902
3,610
3, 651
4,996
2,600
5,813
6, 301
5, 773
5, 819
6,253
4 857
5,266
4,859
4,858
316
30
134
88
144
104
42
345
32
146
95
158
120
46
365
29
147
119
148
111
45
304
26
132
86
141
111
44
1,585
985
295
1,974
63
91
1,781
1,113
327
2,075
66
100
1, 564
968
304
1,970
52
82
17,442 '17, 377
3,667 '3,659
3,834 r 3,762
5,262
5, 274
2,834 r 2, 844
17, 101 17 , 205
3,672 3,692
3,664
3,670
5, 102
5, 215
2, 670
2,751
17, 205
3,698
3,709
5,117
2, 734
17, 215
3,681
3, 730
5,112
2,730
17, 238
3,672
3,729
5,137
2, 754
17, 266
3, 687
3, 727
5,159
2, 779
17, 401
3, 682
3,833
5, 192
2,821
6,109
6,157
6, 230
6,186
6, 766
6,566
9,280
5,735
'5,391
6,110
5,233
5, 107
5,169
5,2C2
5,133
5,637
5, 451
7,734
4,699
4,368
4,972
,350
33
148
100
152
120
47
335
32
144
94
152
131
46
292
26
125
82
153
134
44
329
25
143
91
151
138
47
341
28
140
103
154
129
45
361
36
153
90
160
127
53
367
37
161
91>
155
120
54
626
67
272
147
252
123
56
263
28
106
74
149
115
36
225
22
93
65
145
111
37
290
25
124
81
162
126
46
1,592
1,002
281
1, 975
61
96
1,696
1,074
306
2,125
69
106
1,698
1, 075
304
1,981
79
115
1,605
1,003
299
2,158
81
108
1,756
1, 089
320
2,021
75
101
1,717
1, 079
305
1,999
77
93
1,877
1, 182
330
2,293
75
104
2,004
1,247
350
1,981
68
102
3,358
2,089
675
2,332
56
142
1,375
887
229
2,125
48
80
1,286
793
246
1,952
46
74
1, 580
994
280
2,081
56
89
17, 475
3,823
3,756
5,292
2, 839
do
5,126
5,105
5,165
5,240
5,311
5,366
5, 296
5,309
5,382
5,440
5,367
5,439
5,397
Apparel group 9
Teen's and boys' wear stores
"Women's apparel accessory stores
Shoe stores
Drug and proprietary stores
Eating and drinking places
Furniture homefurnishings stores
do
do
do
do
do
do
do
326
29
136
98
157
112
46
343
31
151
91
147
112
46
348
34
146
95
157
115
45
349
32
153
91
156
127
46
351
33
149
96
161
126
46
369
33
156
103
158
130
48
337
33
142
92
165
125
47
341
33
144
90
167
123
46
349
32
149
100
160
122
47
353
32
148
100
163
122
45
355
33
151
94
159
124
49
347
34
145
92
163
127
46
333
30
143
89
169
128
46
General merchandise group 9
Dept stores, excl mail order sales
Variety stores
Grocery stores
Lumber yards, bldg materials dealers^
Tire battery accessory dealers
do
do
do
do
do
do
1,721
1,075
319
2,055
62
96
1,718
1, 049
329
2,030
61
96
1,768
1, 110
320
1, 999
64
99
1,759
1,087
324
2,066
67
100
1,791
1,124
329
2,084
67
96
1,830
1,154
328
2,083
64
100
1, 755
1,093
327
2,105
68
97
1,783
1,113
325
2,113
63
100
1,830
1,147
344
2,110
66
106
1,819
1,145
330
2, 174
66
103
1,897
1,223
336
2,045
70
105
1,870
1, 180
344
2,133
65
106
1,867
1,164
343
2,117
65
102
••115,599 i 16, 929 14,557
6, 626
6,131
6, 885
' 8, 973 10 044
8, 426
7,221
7,826
8 025
' 7, 773 8,904
7,336
14,853
6,218
8,635
7,431
7,422
15,384
6,491
8, 893
7,718
7,666
15,296
6,647
8,649
7,594
7,702
15,463
6,691
8,772
7, 535
7,928
15,519
6,724
8,795
7,502
8,017
15,689
6,833
8, 856
7, 555
8,134
15,729
6,799
8,930
7, 584
8,145
15,813
6,646
9, 167
7, 611
8,202
16,929
6,885
10, 044
8,025
8,904
16,401
6, 627
9,774
7, 703
8,698
'15,848
>r 6, 474
9, 374
'7,466
'8,382
15,754
6,442
9,312
7, 482
8, 272
15, 088
6,412
8,676
7,528
7,561
15, 355
6,508
8,847
7,588
7,767
15, 270
6,542
8,728
7,555
7,715
15, 596
6,511
9,085
7,576
8, 020
15, 626
6, 501
9,125
7,492
8,134
15, 854
6,678
9,176
7,593
8,261
15, 767
6,607
9,160
7, 464
8,303
15,732
6,528
9,204
7, 462
8,269
15, 798
6,696
9,102
7,555
8, 243
16, 038
6,823
9,215
7,776
8,262
16, 381
6, 907
9,474
7,874
8, 507
16, 259
6, 799
9, 460
7, 845
8,414
Estimated sales (seas adj ) tota!9t
All retail stores, accounts receivable, end of mo.:0
Total (unadjusted)©
mil $
Durable goods stores
do
Nondurable goods store*?
do
Charsre accounts
do
Installment accounts
do
Total (seasonally adjusted)©
Durable goods stores
Nondurable goods stores
Charge accounts
installment accounts
do
do
do
do
do
Department stores:
Ratio of collections to accounts receivable:
Installment accounts
do
Sales by type of payment:
Cash sales
percent of total sales
Charge account sales
do
Installment sales
do
1 14, 577
6,456
8,121
7,374
7 203
1
15 798 14, 988
6,471
6, 696
8,517
9 102
7, 521
7 555
8 243 7,467
49
17
49
17
50
18
48
18
48
17
51
18
50
17
48
17
49
17
50
18
50
18
50
18
49
17
48
17
50
18
43
39
18
43
39
18
43
39
18
42
40
18
43
40
17
44
38
18
45
37
18
44
38
18
43
39
18
42
40
18
43
39
18
46
38
16
43
36
21
43
38
19
43
39
18
192.36
192.60
192.85
193. 08
193.29
193.50
193.68
193.85
EMPLOYMENT AND POPULATION
POPULATION
Population, U.S. (incl. Alaska and Hawaii):
Total, incl. armed forces overseas©
__mil_. 2189. 42 2192.12
191.26
191. 46
191.67
191. 89
EMPLOYMENT
NToninstitutional
population, est. number 14 years
a
of a ge and over, total, unadj. ...
_____mil__ 132. 12
Total labor force, incl. armed forces.
Civilian labor force, total..
Employed, total
Agricultural employment
Nonagricultural employment
__thous~
___do
do
___do__-_
do___.
75, 712
72, 975
68. 809
4,946
63, 863
Unemployed (all civilian workers). ____do__._ 4,166
Long-term (15 weeks and over).
do
1,088
Percent of civilian labor force
5.7
Not in labor force....
...thous.. 56,412
194. 03
133. 52
133.68
133. 87
134. 04
134.22
134.40
134.59
134. 77
134.95
135. 14
135.30
135.47
135.65
135. 81
76,971 75, 553
74, 233 72, 810
70 357 68, 517
4,761 4,017
65, 596 64, 500
76, 544
73, 799
69, 877
4,429
65, 448
77, 490
74, 742
71, 101
5,007
66, 094
79, 389
76, 645
71, 953
5,853
66, 100
78,958
76,218
72, 405
5,819
66,586
78, 509
75,758
72, 104
5,400
66, 704
76,865
74, 122
70, 805
5, 230
65, 575
77, 112
74,375
71 123
5,' 126
65, 997
76, 897
74, 166
70 793
4,'545
66, 248
76, 567
73, 841
70 375
3^ 785
66,590
75, 699
72, 992
68 996
3,' 739
65,257
76, 418
73, 714
69, 496
3,803
65,694
76, 612
73, 909
70, 169
3,989
66, 180
77, 307
74,621
71,070
4,473
66, 597
3,876
973
5.2
57, 172
3, 921
1,237
5.3
57, 135
3, 640
1,084
4.9
56, 376
4,692 3,813
1,007
857
5.0
6.1
54, 652 55, 258
3,654
790
4.8
55, 891
3, 317
764
4.5
57,721
3,252
780
4.4
57,661
3,373
759
45
58, 055
3,466
802
4. 7
58,568
3,996
845
55
59, 603
4,218
1,050
5.7
59, 051
3, 740
1,019
5.1
59,039
3,552
1,050
4.8
58, 504
74, 305
70, 345
4,826
65,519
3,960
1,066
74,255
70, 458
4^817
65, 641
3, 797
910
74, 280
70, 465
4*815
65, 650
3,815
924
74, 259
70, 379
4*721
65, 658
3, 880
'933
74, 409
70, 755
4J 671
66, 084
3, 654
'932
74, 706
71, 004
4' 541
66*. 463
3, 702
*889
74, 914 75, 051 74, 944
71 284 71, 304 71, 440
4', 595
4' 550
4' 513
66*. 771 66, 709 66, 890
3,504
3 630 3,747
' 905
'soo
' 823
75,377
71 717
4 843
66,874
3 660
809
134. 14
4, 293
1,322
5.9
57,965
Civilian labor force, seasonally adjj. _ _...do
73, 798 74, 507 74, 477
Employed, totaL ...
do
69, 812 70, 486 70, 639
Agricultural employment.
do
4,637
4,791
4, 849
Nonagri cultural employment
.do
65,175 65, 695 65,790
Unemployed (all civilian workers)
do
4,021 3, 838
3, 986
Long-term (15 weeks and over)., do
952
1,038
938
Rates (percent of those in group) :
All civilian workers.......
5.4
5.4
5.2
Experienced wage and salary workers
5.5
5.6
5. 2
4.9
5.1
'Revised.
^ End of year.
2 AS of July 1.
§ See note marked "f" on p. S-ll.
9 Includes data not shown separately.
*New series; see corresponding note on p. S-ll.
c? Comprises ^ lumber yards, building materials dealers, and paint, plumbing, and electncal stores. fSee note marked "t" on p. S-ll.
0Unadjusted data revised beginning
Jan. 1959— revisions for unadj. data prior to Dec. 1963 as well as seasonally adjusted data back
to Jan. 1959 are available from Bureau of the Census (Wash., D.C., 20233).
192. 12
74, 188
70, 496
4,864
65, 632
3,692
962
4.9
5.3
5.0
5.0
51
51
52
4.7
4.9
5.0
48
4.5
5.3
4.6
4.3
4.8
4] 9
4! 9
s!o
4'. 7
4^5
4.5
©Revisions for May 1960-Dec. 1963 are available upon request.
JReyised monthly data (back to Jan. 1957) appear in the "Monthly Report on the
Labor Force," Jan. 1965, U.S. Dept. of Labor, Wash. .D.C., 20210.
SURVEY OF CURRENT BUSINESS
May 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown In the 1963
edition of BUSINESS STATISTICS
1963
1964
1964
Monthly
average
S-13
Mar.
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr, »
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Employees on payrolls (nonagricultural estab.):f
Total unadjustedf - - thous.. 56, 643
58,188
56, 783
57,329
57,874
58,596
58, 418
58, 680
59, 258
59, 164
59, 441
59,938
58, 271 '58,398
58,823
59,549
17, 005
9,625
7,380
17, 303
9,848
7,455
17,005
9,692
7,313
17,058
9,756
7,302
17, 135
9, 798
7,337
17,350
9,903
7,447
17,299
9,855
7,444
17, 498
9, 836
7,662
17, 792
10, 105
7, 687
17, 428
9,806
7,622
17,638
10, 071
7,567
17,601
10,093
7,508
17, 456 '17,538 '17,645
10,045 ' 10, 101 '10,167
7, 411 '7,437 '7,478
17,723
10, 253
7,470
635
80
148
289
635
82
144
289
615
81
144
282
627
83
144
283
634
84
142
285
651
85
143
295
646
78
143
297
647
78
143
297
645
80
144
292
644
84
145
288
643
85
145
289
635
84
146
287
2,983
3,914
772
272
3,106
3,976
758
275
2, 707
3,885
751
272
2,921
3,924
758
277
3,130
3,952
761
278
3,308
4, 005
767
269
3,424
4,031
771
262
3,482
4,043
770
260
3,391
4, 045
761
277
3,376
4,028
755
280
3,273
4,013
747
280
3,053
4,024
748
282
912
201
685
610
949
212
702
612
903
206
687
606
914
207
695
608
928
209
697
610
963
212
705
616
971
215
715
625
977
216
716
625
991
217
712
617
984
217
708
610
980
218
710
608
975
220
710
609
939
220
711
607
936
220
713
607
950
222
718
608
11, 803
Wholesale and retail trade. . .___
—do
3,119
Wholesale trade
do8,685
Retail trade
do
2,873
Finance, insurance, and real estate
... do
Services and miscellaneous. _,.———
do— 8,230
Government .
•_ do — 9,199
12,188
3, 220
8, 969
2,944
8, 533
9,502
11, 862
3,156
8,706
2,901
8,328
9, 480
11,919
3,161
8,758
2,919
8,453
9,508
12,031
3, 170
8,861
2,931
8,548
9,513
12, 180
3,211
8, 969
2,964
8, 654
9,484
12, 173
3,245
8, 928
2,998
8,698
9, 149
12, 201
3,266
8,935
2,998
8,676
9,135
12, 243
3,258
8,985
2,972
8, 661
9,509
12,341
3,269
9,072
2,961
8,676
9, 710
12, 518
3,272
9,246
2,958
8,608
9,790
13,166
3,298
9,868
2,957
8,585
9,917
12,275
3,254
9,021
2,949
8,515
9,740
' 12, 209
' 3, 252
' 8, 957
2, 960
'8,564
'9,822
'12,250
'3,260
'8,990
'2,971
'8,621
' 9, 874
12,512
3,266
9,246
2,985
8,750
9,924
Total, seasonally adjustedf-.r— — — — — do- 156,643 V58.188
Man^a^^ing establishments.— — —
do— — 17,005 17, 303
9,625 9,848
Durable goods industries...
do
258
274
Ordnance and accessories.....— ___. .do—596
587
Lumber and wood products
„:
do — 402
389
616
602
Stone, clay, and glass products.— ___ _do—
1,226
Primary metal industries
do — - 1,172
57,754
17,208
9,784
269
603
397
616
1, 190
57, 827
17,224
9, 798
267
600
398
613
1,196
57, 931
17, 225
9,780
265
596
398
613
1,199
58, 104
17,285
9,826
260
593
402
616
1,222
58,256
17,344
9,890
255
599
405
618
1,246
58,301
17,339
9,886
250
595
403
617
1,242
58, 458
17,449
9,986
-248
593
405
620
1,258
58,382 58,878
17, 171 17, 505
9,702 9,992
245
247
591
595
409
407
616
618
1, 269
1, 253
59,206
17,622
10,088
242
598
413
620
1,271
59,334
17, 705
10, 150
243
597
415
623
1, 277
'59,676
'17,772
'10,210
'242
604
418
623
' 1, 278
'59,968
'17,852
'10,264
'242
'606
'421
'628
'1,280
59,917
17,888
10, 295
241
591
422
624
1,279
1,240
r 1, 688
Manufacturing establishments
Durable goods industries..
Nondurable goods industries.
—do
do
do
Mining, total 9 __
—do
Metalmining
do .
Coal mining
.
do—
Crude petroleum and natural gas. . .__. do—
Transportation and public utilities 9
do
Railroad transportation.— ——.do
Local and interurban passenger transit-do
Motor freight trans, and storage
..do
Telephone communication —
._.,_ .do- —
Electric, gas, and sanitary services.. ...do—-
619
84
144
282
616
84
143
280
'615
84
140
279
627
2,837 2,756 '2,862
3, 880 '3,933 '3,985
728
'726
730
283
'281
281
3,027
4,001
Fabricated metal products __ _.
do.
Machinery..
_ do— Electrical equipment and supplies ... do— .-
1,153
1,531
1,557
1,197
1,612
1,549
1,187
1, 584
1,535
1,190
1,589
1,536
1,185
1, 597
1,533
1,192
1,608
1,537
1, 196
1,620
1, 550
1,208
1, 625
1,546
1,223
1,643
1,558
1,179
1,644
1,560
1,213
1,643
1, 572
1,232
1.665
1, 588
1,242
1, 672
1,597
1,260
'1,674
1,610
r 1,628
1,263
1, 692
1,638
Transportation equipment
do
Instruments and related prodticts____do
Miscellaneous manufacturing Ind____do—
1,609
365
387
1,623
369
400
1, 641
368
394
1,646
368
395
1,633
367
394
1,628
369
399
1,632
371
398
1,632
369
399
1,667
369
402
1,429
368
408
1,646
371
411
1,671
374
414
1,696
374
414
'1,706 '1,733
378
378
'420
417
1,747
378
420
Nondurable goods industries. —
.do
7,380
Food and kindred products.. _
_do— — 1,744
Tobacco manufactures
__ —do
88
889
Textile mill products— ——do—
Apparel and related products..
..do... . 1,284
620
Paper and allied products...
do
Printing, publishing, and allied ind__do
931
Chemicals and allied products _ _
do— .
865
Petroleum refining and related ind__.do___.
190
Rubber and misc. plastic products ...do
418
Leather and leather products _ _ _ _ _ _ _ _ do.—
351
7.455
1^ 730
88
897
1, 310
630
952
877
187
430
354
7, 424
1,738
88
897
1, 290
627
946
874
188
426
350
7, 426
1,730
88
895
1,298
629
948
871
187
427
353
7,445
1, 731
89
895
1,305
630
952
874
187
429
353
7,459
1,720
89
895
1,323
631
953
880
187
427
354
7,454
1,719
89
894
1,309
632
955
879
187
433
357
7,453
1,726
83
895
1, 311
631
954
879
185
435
354
7,463
1, 716
82
899
1,317
632
956
881
185
439
356
7,469
1,717
90
899
1, 319
634
955
878
187
433
357
7, 513
1, 737
92
904
1,329
635
956
882
185
436
357
7, 534
1,743
88
909
1,333
634
962
885
185
438
357
7, 562 '7,588
7, 555
1,741 ' 1, 734 ' 1, 734
'84
'85
86
'922
917
914
1,344 '1,340 ' 1, 347
637
639
635
967
971
964
890
'893
887
184
183
184
450
'453
442
359
361
358
7,593
1, 720
85
924
1,364
639
974
891
183
457
356
635
633
631
633
635
Contract construction
_. _
do
3,122
3,081 3,093
2,983 3,106
3,
976
Transportation and public utilities
..do
3,940 3,964 3,968
3, 914
Wholesale and retail trade.
do.... 11,803 12,188 12,077 12,096 12, 135
Finance, insurance, and real estate
— do.. — 2,873 2,944
2,924
2,931 2,934
Services and miscellaneous. _*_do_— 8,230 8, 533 8,455 8,461 8, 489
9, 502
Government
~
do
9,395 9,437 9,456
9,199
Production workers on mfg. payrolls, unadjusted:!
12, 558 12,808 12,543 12, 592 12, 666
Total, unadjusted t
- thous
Seasonally adjusted
_
do
12, 731 12, 732 12,736
7,030 7, 238
Durable goods industries, unadjusted.. do
7,095 7, 160
7,201
Seasonally adjusted ...
do
7,181 7, 188 i 7,174
Ordnance and accessories. ...
_do
116
107
111
110
108
533
525
Lumber and wood products.. __
.do
507
519
534
334
Furniture and
fixtures
do.__ _
323
326
328
325
496
Stone, clay, and glass products.
do___ _
484
474
487
499
998
Primary metal industries
do.. —
947
972
984
994
456
424
Blastfurnaces, steel and rolling mills do
434
444
452
920
884
Fabricated metal products.—
do
898
907
911
1,121
Machinery __
do
1, 059
1,110
1,121
1,118
1,040
Electrical equipment and supplies. __do_— 1,037
1,013
1, 012
1,010
1, 133
Transportation equipment 9
do
1, 113
1,150
1,157
1,155
593
577
Motor vehicles and equipment— .do.—.
610
614
613
338
Aircraft and parts. . __.._.__.__
do
348
346
343
338
234
232
Instruments and related products ... .do
232
231
230
320
311
Miscellaneous mfg. industries.
... do... _
302
313
308
Nondurable goods industries, unadj— do
5,570
5,528
5,448 5,432 5, 465
Seasonally adjusted. ..____..
do
5,550 5,544 5, 562
1,144
Food and kindred products
__. ...do
1,161
1,062
1,070
1,085
Tobacco manufactures...
__do—
76
76
69
66
65
802
Textile mill products....
.do
796
797
800
798
1, 164
Apparel and related products
.do... . 1, 139
1, 160
1, 141
1,137
493
Paper and allied products..— —._.._ do
488
485
490
488
Printing, publishing, and allied ind-do—
591
598
603
599
601
Chemicals and allied products. __._.. do
525
529
529
534
533
Petroleum refining and related ind —do
120
116
116
117
115
Petroleum refining
.
. __do.-96
92
92
93
92
Rubber and misc. plastic products.. .do
322
332
324
325
328
Leather and leather products .____ _do.—
309
311
307
302
304
-Revised. * Preliminary.
' Total and components a re based on una ljusted data,
fBeginning with the Dec. 1964 SURVEY, data for <jmploym ent, hou rs, earniiigs, and labor
turnover reflect adjustments to Mar. 1963 benchma rks. Th e revision affects data ba ck to
Apr. 1962 for most series, back to Apr. 1957 for total and Gov ernment employinent, an i, for
639
3,106
3,965
12, 187
2,943
8,509
9,470
639
3,107
3,983
12,223
2,948
8, 561
9,451
634
3,103
3,999
12, 231
2,951
8,573
9,471
634
3, 080
4,005
12, 229
2,960
8, 592
9,509
638
3,106
3,996
12, 278
2,964
8, 633
9,596
639
3,162
3,997
12, 311
2,970
8,634
9,660
637
3, 244
4,020
12, 362
2,975
8,654
9,692
'633
' 3,301
'4,042
12, 609
' 2, 995
'8,752
' 9, 784
633
3,193
4, 041
12, 558
2, 997
8,759
9,848
633
3,235
3,939
12, 447
2, 979
8,689
9,707
635
3,281
' 3, 997
'12,532
2,987
'8,730
' 9, 742
12, 847 12,768 12,966 13, 280 12, 915 13, 125 13,082 12, 941 '13, Oil 13, 116 13, 174
12, 794 12,839 12,847 12, 956 12, 661 12,993 13,099 13, 168 '13,227 13,302 13, 316
7,608
7,292
7,211
7,471
7,421 ' 7, 467 ' 7, 530
7, 227
7, 490
7,190
7,454
7, 219
7,467
7,271
7, 279
7,518 '7,570 ' 7, 618 7,638
7,377
7,089
7,376
' 100
101
98
102
106
104
101
103
104
103
103
507
'509
510
521
556
502
560
561
555
534
543
342
348
'346
334
344
341
341
333
344
347
346
474
' 484
499
513
489
514
519
473
519
511
506
1,060
1, 032
1,005
1,003
1,009
1, 035 ' 1, 045 ' 1, 055
1,027
1, 026
1,013
462
487
477
'483
470
478
466
476
470
473
971
944
954
958
927
931
909
950
961
918
946
1,130
1, 159
1,164 '1,173 '1,191 1, 198
1,120
1, 118
1,142
1, 132
1,130
1,092
1, 092 '1,102
1,107
1, 022
1,022
1, 037
1,088
1, 068
1, 075
1, 086
1,222 ' 1, 237
1,250
1, 143
1,215
1, 117
1,027
1, 223
1, 186
964
1, 192
683
688
'675
606
666
672
589
495
642
427
643
'330
338
334
'336
336
336
328
328
336
334
335
240
' 240
233
238
232
235
238
237
237
234
238
322
327
323
'315
314
331
325
345
306
351
347
5,555 5,541 5,755
5,520 ' 5, 544 ' 5, 586 5, 566
5,790
5, 611
5,725 5, 671
'
5,
684
5,678
5,575
5, 632
5,650 ' 5, 657
5,568
5, 568
5,579
5, 572
5, 617
1,059
1,126
1,262
1, 057 '1,060
1, 171
1, 272
1,131
1, 081
1, 224
1,168
'65
63
65
82
70
65
80
74
91
95
85
807
823
'818
793
808
809
805
811
811
811
813
1,197
1, 161
1, 194
1,133
1, 170 ' 1, 200 '1,215
1,196
1, 181
1,189
1, 195
494
498
492
'493
'490
499
496
490
501
499
499
617
603
615
602
599
615
610
607
'611
612
610
545
533
'541
530
532
'532
528
532
529
525
527
112
119
111
118
111
110
118
110
118
113
116
93
'89
88
92
92
89
88
88
91
89
91
350
329
'350
342
326
337
342
' 347
345
342
343
313
306
318
313
320
317
315
317
313
313
317
season ally adju sted data , all series beginni ng Jan. 1953 with only, milior revisi ons prior to that
time, Revisioiis not sh own are £ivailable inBLS Bulletin 1312-2, ' Employ]ment an d Earnings S tatistics 1or the United Stiites, 1909-64," $3.50, GPO , Wash., D.C., 20 402.
9 Ineludes d£itafor in dustries ilot shown separalkely.
SURVEY OF CURRENT BUSINESS
S-14
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1965
1964
1964
Monthly
average
May 1965
Mar.
Apr.
May
July
June
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.*
EMPLOYMENT AND POPULATION—Continued
EMPLOYMENT— Continued
Miscellaneous employment data:
Federal civilian employees (executive branch) :
2,328
239
2,317
••244
2,293
241
2, 304
241
2,302
241
2,314
246
2,325
249
2,326
247
2,290
243
2,299
244
2,322
245
12,452
>«-7
2, 293
245
2,289
245
2,295
246
Railroad employees (class I railroads) : ©
714
Total
do
Index, seasonally adjusted
—1957-59=100- 277.4
683
275.8
677
75. 1
685
76.0
688
75.6
693
75.4
696
75.9
695
76.3
684
76.3
678
76.4
671
77.0
p 670
P77.0
' "660
p 71. 3
P641
*71.7
^645
P 72. 5
124. 6
117.9
90.9
134.7
124.7
93.5
111.6
120.2
86.6
124.1
121. 7
90.1
136.6
123.3
93. 1
146.5
125.8
96.8
153.3
124.1
94.8
158.8
126.4
96.7
147.8
130.9
95.6
155. 6
125.4
98.6
142.6
129.4
97.9
133.3
132.1
96.0
120.2
129.3
93.1
r 115. 6
40.5
40.7
2.8
41.1
3.1
41.4
40.5
40.7
2.9
41.3
41.4
3.1
40.7
40.6
3.0
41.5
41.3
3.2
40.9
40.6
3.2
41.7
41.4
3.4
40.7
40.6
3.0
41.3
41.3
3.1
40.9
40.8
3.3
41.5
41.5
3.5
40.7
40.5
3.5
41.5
41.4
3.7
40.7
40.5
3.3
41.3
41.2
3.4
40.9
40.9
3.3
41.6
41.6
3.5
41. 4
41.2
3.6
42.3
42.0
4.0
40.9
41.4
3.3
41.7
42.2
3.6
40.9
41.3
3.3
>41.7
'42.0
3.7
'41.2
'41.4
'3.5
' 42. 1
'42.3
'3.8
40.6
40.8
3.1
41.5
41.6
3.4
' 41. 0
'39.5
41.4
41.0
40.2
40.7
41.0
42.1
TTnitAfl GJfn.tp<5
i tboUS
Wash., D.C., metropolitan area — ..—do
INDEXES OF WEEKLY PAYROLLS!
Construction (construction workers) t-1957-59= 100..
Manufacturing (production workers)!.
do —
Mining (production workers)!
......do
123.0
130.2 ' 132. 6
92.2
r.91.5
131.2
HOURS AND EARNINGS t
Average weekly gross hours per production worker
on payrolls of nonagrlc.estab., unadjusted:!
All manufacturing estab., unadj.! _ _ hours
_ do...
2.9
3.3
40.4
40.6
2.8
41.0
41.2
2.9
Ordnance and accessories _
do
Lumber and wood products
-do —
Furniture and fixtures _ _ _ -do
Stone clay, and plass products __ _ _ d o
Primary metal industries
_-_.
-_.do
Blast furnaces steel and rolling mills do
41.0
40.1
40.9
41.3
41.0
40.0
40.4
40.0
41.1
41.5
41.8
41.1
40.2
39.6
40.6
40.9
41.4
40.5
40.3
39.9
40.7
41.6
41.6
40.9
40.1
40.5
40.5
42.1
41.8
41.0
40.5
40.8
41.1
42.1
42.0
41.1
39.9
40.5
40.8
42. 1
41.6
41.1
40.1
40.9
41.9
42.1
41. 8
41.2
40.0
40.0
41.3
41.6
42.7
43.0
40.6
40.6
40.3 . 39.5
41.8
42. 0
42.1
41.6
41.5
41.8
41.1
41.1
41. 2
39.6
42. 5
41.3
42.4
41.5
41.2
39.8
40.9
40.7
42.3
•41.7
'42.3
'41.3
'41.3
' 40. 1
'41.4
'41.0
' 42. 5
41.6
Fabricated metal products
Machinery
Electrical equipmentand supplies
_do_...
..do
do— .
41. 4
41.8
40.3
41.7
42.4
40.6
41.2
42.4
40. 2
41.5
42.5
40.3
41.8
42.6
40.3
41.9
42.8
40.5
41.6
42.3
40.3
42.0
42,2
40.6
41.8
41.9
40.6
41.6
41.8
40,9
42.0
42.5
41.0
42.5
43.3
41.6
41.7
42.9
40.9
41.9
'43.0
'41.0
'42.3
'43.5
'41.1
41.6
42.5
40.2
Transportation equipment9
._____do —
Motor vehicles and equipment—do—
Aircraft and parts
do.
Instruments andrelated products
do —
Miscellaneous mfg. industries
do —
42. 1
42. 8
41.5
40.8
39.6
42.0
43.0
41.1
40.8
39.6
41.4
41.8
40.9
40.4
39.7
42. 0
42.9
41.0
40.5
39.6
42.1
43.0
40.9
40.7
39.4
42.6
43.9
41.2
41.1
39.7
41.6
42.4
41.0
40.8
39.3
41.6
42.5
40.9
41.1
40.0
42.3
43.9
40.9
41. 1
39.3
40.9
41. 1
41.1
41.1
40.1
42.3
43.1
41.3
41.4
40.0
44.0
46.3
41.5
41.6
40.3
43.1
45.1
41.3
41.1
39.5
42.7
44.4
' 41. 0
'41.2
'39.8
'43.2
45.0
41.3
'41.4
' 40. 0
42.4
43.9
41.0
40.8
39.5
Durable goods industries
Average overtime
_ _ _ _ _ _ do—
_ _ _
Nondurable goods industries, unadj
Seasonally adjusted
Average overtime
Food and kindred products.---Tobacco manufactures
.»
Textile mill products
Appareland related products...
Paper and allied products.
.do....
do_
do—
...do— do —
do
_do —
do
39.6
39.7
2.7
40.9
38.6
40.6
36.1
42.7
2.9
40.9
38.8
41.0
35.9
42.8
39.5
39.7
2.6
40.2
37.8
40.7
36.4
42.4
39.4
39.8
2.7
40.4
39.6
40.7
36.0
42.5
39.7
39.7
2.8
41.0
39.3
41.1
35.9
42.7
39.9
39.6
2.9
41.1
39.7
41.3
36.2
43.0
39.8
39.5
2.9
41.2
38.9
40.8
36.3
43.0
40.1
39.7
3.1
41.2
38.9
41.3
36.7
43.3
39. 6
39.4
3.2
41.4
39.3
39.9
35.0
43.1
40.0
39.9
3.1
41.3
40.8
41.6
36.1
43.2
39.9
40.0
3.0
41.1
38.3
41.9
dti.3
42.4
40. 2
40.0
3.1
41.4
40.6
42.1
36.2
43.2
39.7
40.1
2.8
40.8
37.5
41.5
36.0
42.6
39.8
40.2
2.9
40. 3
' 37. 2
41.7
' 36. 6
' 42. 6
40.0
40.2
3.0
'40.4
' 37. 2
41. 8
37.1
'42.8
39.4
39.8
2.7
40. 2
35.8
41.1
35.7
42.1
do
do
do
do
do—
do —
38.3
41.5
41.7
41.4
40.8
37.5
38. 5
41.6
.''41.8
41.4
41.3
37.9
38.5
41.6
41.4
41.2
40.8
37.7
38.5
41.6
41.3
40.9
40.9
36.5
38.5
41.8
42.0
41.3
41.4
37.6
38.4
41.7
42.1
41.2
41.6
38.5
38.3
41.5
42.3
41.4
40.8
38.6
38.7
41.3
42. 1
41.3
41.9
38.5
38.7
42.1
43.1
42.5
41.8
37.2
38.7
41.5
41.7
40.9
41.6
37.5
38. 4
41.7
41.7
41.5
41.3
37.7
39.0
41.8
41.7
41.6
42.1
39.0
38.2
41. 5
41.3
41.3
41. 9
38.3
'38.3
41.6
'40.8
'40.7
41.9
38.4
38.6
'41.8
'41.7
41.2
'42.0
'38.3
38.4
42.2
42.3
42.2
41.1
36.9
41.5
41.7
41.2
41.6
"38.8 « 39. 0
42. 1
42.0
40.9
41.8
36.7
42.4
41.3
41.3
37.6
42.1
41.9
41.7
38.8
42.0
42.2
41.6
40.2
41.9
41.7
40.9
41.3
41.8
37.5
41.6.
42.4
41.6
40.4
42.2
42.0
41.5
40.1
41.9
41.9
42.6
40.6
41., 8
41.4
41.7
39.6
42.1
41.0
' 41. 4
39.5
41.2
41. 4
41.6
39.6
41.7
Printing, publishing, and allied Ind
Chemicals and allied products
Petroleum refining and related Ind
Petroleum refining
Rubber and misc. plastic products
Leather and leather products.—
Nonmanufacturlng establishments:!
Mining? __ __
_
_ —
Metal mining
Coal mining.
Crude petroleum and natural gas
r 40. 7
42.4
42.1
41.2
39.7
41.6
do
do
do
_ do—
37.3
36.0
41.3
36.5
37.2
35.9
41.0
36.5
36.5
35. 9
39.1
36.0
37.0
36.0
40.4
36.4
37.9
36.5
42.1
37.1
38.2
36.6
42.4
37. 3
38.1
36.4
42.7
37.1
38.6
36.9
43.2
37.6
36.6
35.3
39.9
35.9
38.4
36.9
42.8
37.5
36.9
35.6
40.6
36.2
36.8
35.8
38.8
36.8
36.3
35.5
39.1
35.9
35.6
34.9
36.9
35.7
36.6
35.8
39.2
36.3
Transportation and public utilities:
Local and suburban transportation
do
Motor freight transporatlon and storage-do— —
Telephone communication.—
__do
Electric, gas, and sanitary services
do
Wholesale and retail trade§
doWholesale trade
_
do
Retail trade §_-_.
__
do-
42.1
41.6
40.0
41.2
38.6
40.6
37. 8
42.0
41.7
40.1
4ll2
38.4
40.7
37.4
40.9
41.1
39.5
41.0
38.1
40.5
37.1
41.9
41.5
39.3
41.0
38.2
40.6
37.2
42.6
41.8
39.8
41.1
38.3
40.7
37.3
43.0
42.1
40.0
41.0
38.7
40.8
37.7
42.7
42.3
40.2
4l.5
39.1
40.9
38.3
42.2
42.3
40.2
41.0
39.0
40.8
38.2
41.8
42.2
41.8
41.2
38.3
40.6
37.3
42.0
42.3
40.8
41. 6
38.2
40.7
37.2
41.9
41.6
41.3
41.2
38.0
40.9
36.9
41.6
42.2
39.8
41.4
38.6
41.1
37.6
41.3
41. 1
39.4
41.3
38.0
40.6
36.9
41.4
'41.3
' 39. 6
' 41. 2
38.0
40.5
36.9
41.4
41.5
39. 2
41.0
38.0
40.6
36.8
Services and miscellaneous:
Hotels, tourist courts, and motels. __„ _do—
Laundries, cleaning and dyeing plantsd", do— -
39.0
39.0
38.6
38. 7
39.0
38.6
38.8
38.8
38.6
39.3
38.4
39.0
39.3
38.7
39.4
38.7
38.0
38.5
38.1
39.1
37.6
38.6
37.7
38.9
37.7
38.5
'37.8
38.3
37.7
38.5
Average weekly gross earnings per production
worker on payrolls of nonagric. estab.:!
All manufacturing establishments! ..—dollars- 99.63
108. 50
Durable goods industries.
.
.do
119.31
Ordnance and accessories
do
81.80
Lumber and wood products
..do
102. 97
112. 19
121. 60
85.60
101.40
110.29
119.39
81.97
102. 47
111. 51
120.09
84.19
102.97
112. 47
119. 90
86.67
103. 48
113.01
121.91
87.72
102.97
111. 92
119. 70
87.89
103. 07
112.47
121. 10
89.98
104.60
114. 13
121.60
88.00
102. 97 104. 70
111. 51 113. 57
123. 83 124. 24
87.85 84.53
106.81
117.17
126. 48
83.95
105.93 105. 93
115. 51 ' 115. 51
126.48 '125.87
82.78 '84.53
'107. 12
'117.04
'127.20
'86.22
105.56
115.37
126.28
86.83
84.26 82.42
105. 83 102. 25
130. 00 127. 10
83.03
104.83
128. 54
81.81
106.93
129. 58
83.43
107.36
130. 20
83.23
107.36
128.96
85.48
107. 78
130.00
85.49
107.33
136. 21
86.94
108. 62
129. 48
86.53
107.33
130. 83
88.40
106.14
133. 14
84. 66 86.53 ' 86. 53
104.19 '104.60 '105.78
133.25 ' 133. 67 '134.73
84.66
106. 60
133.46
109. 18
121. 26
100.90
111.22
121. 98
101. 15
112.02
122. 69
101.56
112. 29
123. 26
102.06
111.07
121.82
101. 96
112.98
121. 11
102. 31
112. 86
120. 67
102.72
110. 24
120. 38
103.48
112. 98
122. 83
103.73
116. 03
126. 44
106.50
113. 42 '114.39 115.48
125.27 ' 125. 56 '127.89
104. 70 ' 104. 96 '105. 63
113. 98
124. 10
102. 91
Contract construction
General building contractors
Heavy construction
Special trade con tractors
—
Furniture and
fixtures.....
Stone, clay, and glass products
Primary metal industries
Fabricated metal products
Machinery
Electrical equipment and supplies
__
do—
do
do.
_do
do— - 81.80
102. 42
—do
124.64
_do
do
do
do
108. 05
116. 20
99. 14
111. 76
121. 69
102.31
Transportation equipment—
do— 126. 72 130.20 126. 68 129. 36 129. 67
Instruments and related products
do
101. 59 103. 63 101.81 102.06 102. 56
80.39
Miscellaneous mfg. industries...— ... ..do
82.37 82.97 82. 76 81.95
'Revised.
9 Preliminary.
«• Average for 11 m onths.
i Includes Post Office employees hired for the Chri stmas
sejison; there were about 138, 000
2
such employees in the United States in Dec. 1964.
Based onunad justed d ata.
©Effective Jan. 1965, data reflect change in definition of c lass I rai iroads (t() $5 million or
more annual railway operating revenues) . The index (back to 1963) has beeii adjusted for
comparability, whereas the number of employees ha snot.
132.06- 128. 54 129.38 133.67 125. 15 132.82 140.80 137.49 135.79 '138. 24 135. 26
103.98 103.63 103. 98 104. 81 105. 22 106.40 107. 74 106. 45 '107.12 '107.64 105. 67
82.58 81. 74
81.35
82.80
85.44
83.41
84.53 '84.77 ' 85. 20 83.74
83.20
3ee corre spondinj1 note, b ottom p . S-13.
9 Inchides datei for Indiistries no t shown
sep irately.
§Excc pt eatingI and dri nking phices,
<3 Beginni]ag Jan. l 964, datei relate t o nonsu]pervisorjr workers and are not coniparable
wit b the pr eduction-worker levels for earlier periods.
n
SURVEY OF CURRENT BUSINESS
May 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
Monthly
average
S-15
1965
1964
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Feb.
Mar.
Nov.
Dec.
Jan.
93.26
100.19
82.42
77.04
65.16
92.50
92.73 ' 93. 60
99. 55 '98.74 '98.98
76.88 ' 77. 75 ' 79. 61
75. 95
76.73 76.91
65.16 '66.61
67. 52
Apr.*
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS— Continued
Average weekly gross earnings per production
worker on payrolls of nonagric. estab.t— Con.
All manufacturing establishmentst— Continued
Nondurable sroods industries
.—dollars-Food and kindred products.
... do.. ..
Tobacco manufactures. . — - .-- do
Textile mill products
do
Apparel and related products.
__ _do_—-
87.91
94.48
74.11
69. 43
62.45
90.91
97.75
76. 44
72.98
64.26
89.67
96.08
75. 60
71.63
64. 79
89.83
96. 56
80.78
71.63
64.08
90.91
98.40
80. 17
72.75
63.54
91.37
98.23
81.78
73.10
64.07
91.14
98.06
80. 13
72. 22
64.25
91.83
97.23
75. 47
73.10
66.06
91.87
98. 53
73.10
71.82
63.00
92. 00
97.88
73.85
75.71
64.98
92.17
98,64
74.30
76.68
65.70
105. 90
110. 69
112. 88
131. 77
100. 78
66.00
109. 57
114. 35
116. 48
133. 76
104. 90
68.98
106. 85
113. 58
114. 40
131.24
101. 59
68.24
107. 53
113. 96
114. 40
130. 92
102.25
66.43
108.46
114. 35
116. 20
133. 14
104. 74
68. 43
109. 65
113.66
116.34
133. 46
105. 25
70.46
110. 51
113. 37
116. 20
134.09
103. 22
70.25
111.71
114. 55
116. 47
133. 88
107. 26
70.46
112.06
116. 10
120. 41
140. 51
108.26
68.45
111. 89
116.10
117. 45
133. 86
106. 50
69.00
109. 82
114. 82
118. 01
134. 69
105. 73
69.37
112.32 111. 19
117.39 114.60
118. 71 117.86
135.53 133.81
109.04 108. 52
71.24
71.76
do
do
do
do— .
114. 54
118. 66
119. 98
112. 41
118. 01
122.72
126. 88
113. 40
113. 70
121. 64
115.97
112. 78
115.64
121.01
121. 82
111. 57
117. 74
122.60
126.49
112.14
118. 58
122. 72
131. 86
110.62
117. 18
121.06
121.32
113.63
119. 56
121.95
131. 01
112. 32
118. 53 122. 11
125. 40 124. 38
124. 50 133. 72
113. 57 116. 05
121. 38
124.50
134.34
115. 64
do .
—do —
do
— do—
127. 19
117. 36
128.03
133.59
132. 06
122. 06
132. 02
138. 34
128.12
120. 27
121. 60
135.00
130. 24
122. 04
127. 66
137. 23
132.65
122.64
133.46
138.75
133.32
122. 61
134. 83
139.50
134.49
122. 67
137. 92
140. 61
136. 64
125. 46
140. 83
142. 13
131.03 138. 62
121.79 127. 67
130. 87 142. 52
137. 14 144. 38
Transportation and public utilities:
Local and suburban transportation
do
Motor freight transportation and storage-do. .__.
Telephone communication —.
do....
Electric, gas, and sanitary services __do.-_.
101.88
117.31
102. 40
121. 54
104. 58
122.18
105. 06
125. 66
98.98
119. 19
102. 70
123. 41
103. 49
120. 77
101. 79
123. 41
105. 65
122. 47
104. 28
124. 12
106. 64
122.93
104. 40
123. 82
106. 75
123. 09
104. 52
125. 75
105. 50
124.79
104. 52
125. 05
104. 92
124. 07
109. 10
126. 90
77.59
99.47
68.04
79.87
102. 56
69.94
78.49
101.25
68.64
79.07
101. 91
69.19
79.66
102. 97
69.75
80, 50
102. 82
70.50
81.33
103.07
71.62
81.12
102.82
71. 43
74.97
96.21
76.67
92.12
76.47
91.49
76.30
91. 55
76.26
91. 97
75. 89
91.92
76.88
91.94
47. 58
51.87
48.64
55. 73
48.36
54.81
48.89
55.48
49.02
56.59
48.00
56.16
Average hourly gross earnings per production
worker on payrolls of nonagric. estab.:t
All manufacturing establishmentst
..-dollarsExcluding overtimed1-___-._
do
Durable goods industries.
._
...do.—
Excluding overtimed"1— —
do...
2.46
2.37
2.64
2.54
2.53
2.44
2.71
2.61
2.51
2.43
2.69
2.60
2.53
2.44
2.70
2.61
2.53
2.44
2.71
2.61
Ordnance and accessories.
—do
Lumber and wood products.—
.do
Furniture and
fixtures
.do—
Stone, clay, and glass products
do
Primary metal industries
do
Blastfurnaces, steel and rolling mills.do—-
2.91
2.04
2.00
2.48
3.04
3.36
3.01
2.14
2.05
2.55
3.11
3. 41
2.97
2.07
2.03
2.50
3.07
3.37
2.98
2.11
2.04
2.52
3.09
3.39
Fabricated metal products
_.
Machinery.. .__
Electrical equipment and supplies
Transportation equipment9
Motor vehicles and equipment
Aircraft and parts _. _ __ . _
Instruments and related products
Miscellaneous mfg. industries— _ _ _
_ do__ _
do
do —
do
.do— .
do. do .
do.— -
2.61
2.78
2.46
3.01
3.10
2.95
2.49
2.03
2.68
2.87
2.52
3.10
3.21
3.05
2.54
2.08
2.65
2.86
2.51
3.06
3.14
3.01
2.52
2.09
Nondurable goods industries. ..-_do....
Excluding overtimed _ __
do
Food and kindred products.
.
do
Tobacco manufactures
do_—
Textile mill products
do....
Apparel and related products
_ _ do _
Paper and allied products..— —
— do_—
2.22
2.15
2.31
1.92
1.71
1.73
2.48
2.29
2.21
2.39
1.97
1.78
1.79
2.56
Printing, publishing, and allied ind. __do___.
Chemicals and allied products
do
Petroleum refining and related Ind
do
Petroleum refining ..__
'_
do
Rubber and misc. plastic products— do—
Leather and leather products
do
2.89
2.72
3. 16
3.32
2.47
1.76
do
do. .
do
do—
do
do.—
do—
.do—
Transportation and public utilities:
Local and suburban transportation.
do— —
Motor freight transportation and storage .do
Telephone communication. _.__ . _ _ _ _ _ . .do
Electric, gas, and sanitary services.
do—
Paperand allied products
_- _ —do.
Printing, publishing, and allied ind
do
Chemicals and allied products.....
.do
Petroleum refining and related ind __ do_ _
Rubber and misc. plastic products
do_-_.
Leather and leather products
_ — „ .do —
92.20
98.89
78. 40
74.80
63.90
'111.19
'115.67
118. 14
'131.78
'108.52
71.42
'111.71
'116.96
'118.29
' 135. 11
' 108. 36
' 71. 62
121.09
127.80
135.20
114.53
120. 89 119 72
124. 68 '123.79
135. 83 135. 88
116. 20 113.30
120. 47
124.38
135. 83
114. 26
131. 36
122. 11
129. 92
138. 28
133.22
123.87
126.10
142.42
131. 41 '131.01
121. 77 '122.15
125. 12 '122.14
139.29 139.23
133.22
124.94
125.83
141.21
105. 42
124. 36
108. 12
128. 96
105. 59
122. 72
109. 86
128. 54
104.83
125.76
107. 06
129. 58
104.49 104.74 105. 16
121. 25 '123.49 124. 92
105. 20 ' 105. 73 104.27
129. 27 '129.78 128. 74
80.43
103. 12
70.50
80. 22
103. 38
70.31
79.80
104.70
69.74
79.90
104.81
70.31
80.56
103.94
70.85
80.94
104. 09
70.85
80.94
104.34
70. 66
76.50
92.15
76.43
92.15
77.21
92.60
77. 58
93. 23
77.58
93.04
78. 54
94.27
' 79. 08
' 94. 73
78.49
94.23
48.34
55.73
47.67
55.73
48. 26
56.21
49.53
57.48
49. 26
56.36
50.14
57.18
49.76
56. 60
' 49. 52 49.39
56.30 56.98
2.53
2.44
2.71
2.61
2.53
2.44
2.71
2.61
2. 52
2.43
2.71
2.60
2.57
2.46
2.75
2.63
2. 53
2.43
2. 70
2.59
2.56
2.46
2.73
2. 62
2.58
2.48
2.77
2.64
2.59
2. 49
2.77
2. 66
2. 59
2.49
2.77
2.66
2.60
2.49
'2.78
2.66
2.60
2. 50
2.78
2.69
2.99
2.14
2.02
2.54
3.10
3.40
3.01
2. 15
2.03
2. 55
3.10
3.39
3.00
2.17
2.04
2.55
3.10
3.38
3.02
2.20
2.04
2.56
3. 11
3.40
3.04
2.20
2.07
2.58
3.19
3. 52
3.05
2. 18
2.07
2.58
3.12
3. 43
3.06
2.14
2.07
2.58
3.13
3.42
3.07
2. 12
2.08
2.57
3.14
3.43
3.07
2.08
2.07
2.56
3.15
3.44
'3.07
'2.14
2.09
' 2. 57
3.16
3.44
' 3. 08
'2.15
' 2. 09
'2.58
3.17
3.45
3. 08
2.16
2.08
2.60
3.17
2.68
2.87
2.51
3.08
3.17
3.02
2.52
2.09
2.68
2.88
2.52
3.08
3.19
3.03
2.52
2.08
2.68
2. 88
2.52
3.10
3. 21
3.03
2.53
2.08
2.67
2.88
2.53
3.09
3.19
3.05
2.54
2.08
2.69
2.87
2.52
3.11
3.24
3.06
2. 53
2.07
2.70
2.88
2.53
3.16
3.28
3.07
2.55
2. 07
2. 65
2.88
2.53
3.06
3.12
3.09
2.56
2.08
2.69
2.89
2.53
3.14
3. 23
3.09
2.57
2.08
2.73
2.92
2.56
3.20
3.32
3. 11
2.59
2.12
2.72
2.92
2. 56
3.19
3.31
3. 11
2.59
2.14
'2.73
2.92
2.56
3.18
3.30
' 3. 10
2.60
2.13
2.73
'2.94
2.57
' 3. 20
3.33
' 3. 11
'2.60
' 2. 13
2.74
2.92
2.56
3.19
3.32
3.10
2.59
2.12
2. 27
2.20
2.39
2.00
1.76
1.78
2.52
2.28
2.21
2.39
2.04
1.76
1.78
2.53
2.29
2.21
2.40
2.04
1.77
1.77
2.54
2.29
2.21
2.39
2.06
1.77
1.77
2.55
2.29
2.21
2. 38
2.06
1.77
1.77
2.57
2.29
2.20
2.36
1.94
1.77
1.80
2.58
2.32
2.23
2.38
1.86
1.80
1.80
2.60
2.30
2.22
2.37
1.81
1.82
1.80
2.59
2.31
2. 23
2.40
1.94
1.83
1.81
2.59
2.32
2. 24
2. 42
2.03
1.83
1. 80
2.60
2. 33
2.25
2.44
2.05
1.83
1.81
2.61
2.33
2.25
'2.45
2.09
1.84
1.82
2.61
'2.34
2.25
2.45
'2.14
1.84
1.82
' 2.61
2.34
2.26
2.46
2.19
1.82
1.79
2.60
2.97
2.80
3.20
3.37
2.54
1.82
2.95
2.75
3.17
3.33
2.49
1.81
2.96
2.75
3.17
3.33
2.50
L82
2.97
2.78
3.17
3.34
2.53
1.82
2.96
2.79
3.17
3.35
2.53
1.83
2.96
2.80
3.17
3.35
2.53
1.82
2.96
2.82
3.18
3.36
2.56
1.83
3.00
2.86
3.26
3.45
2.59
1.84
3.00
2.83
3.21
3.38
2.56
1.84
2.99
2.83
3.23
3.41
2.56
1. 84
3. 01
2.84
3.25
3.41
2.59
1.84
3.00
2.84
3.24
3.40
2.59
1.86
'3.02
2.84
3.23
' 2. 59
1.86
'3.03
2.83
'3.24
'3.41
2.58
I-; 87-
3.01
2.84
3.26
3.44
2.57
1.88
2.76
2.88
« 3. 12
2.67
3.41
3.26
3.10
3.66
2.83
2.95
« 3. 26
2.70
3.55
3.40
3.22
3.79
2.78
2.91
3.16
2.66
3.51
3.35
3.11
3.75
2.80
2.93
3.24
2.65
3.52
3.39
3.16
3.77
2.81
2.94
3.26
2.67
3.50
3.36
3. 17
3.74
2.81
2.95
3.28
2.64
3.49
3.35
3.18
3.74
2.81
2.96
2.68
3.53
3.37
3.23
3.79
2.84
2.96
3.30
2.70
3.54
3.40
3.26
3.78
2.87
3.00
3.32
2.73
3.58
3.45
3.28
3.82
2.88
2. 99
3.31
2.75
3.61
3.46
3.33
3. 85
2. 89
3.00
3.35
2.76
3.56
3.43
3. 20
3.82
2,89
3. 00
3.33
2.74
3.62
3.46
3. 25
3.87
2.92
2.99
3.43
2.76
3. 62
3.43
3.20
3.88
2.92
2.99
3.44
2 75
'3.68
' 3. 50
'3.31
3. 90
2.91
2.99
3.43
2.74
3.64
3.49
3.21
3. 89
2.42
2.82
2.56
2.95
2.49
2. 93
2.62
3.05
2.42
2.90
2.60
3. 01
2.47
2.91
2.59
3.01
2.48
2.93
2.62
3.02
2.48
2.92
2.61
3.02
2.50
2.91
2.60
3.03
2.50
2.95
2.60
3.05
2.51
2.94
2.61
3.08
2.51
2.94
2.65
3.10
2. 52
2.95
2.66
3.12
2. 52
2.98
2.69
3. 13
2.53
2.95
2.67
3.13
2.53
2.99
2.67
'3.15
2.54
3.01.
2.66
3.14
2.06
2.08
2.08
Wholesale and retail trade§.___.
.do
2.07
2.01
2.52
2.50
Wholesale trade...——...
....do.—
2.53
2.51
2.45
1.85
Retailtradef
do
1.87
1.87
1.80
1. 86
Services and miscellaneous:
1.24
Hotels, tourist courts, and motels.... ..do
1.22
1. 26
1.27
1.26
1.42
Laundries, cleaning and dyeing plants Ado— .. 1.33
1.44
1.43 1 1.44
r
Revised. » Preliminary. « Average for 11 montlis. §Ex cept eatiiig and dr inking p laces,
t See correspcndin g note, bottom p. S-13. 9 Includes data for i]ndustries not sho\vn sepanitely.
eEffective Jan. 1964, data exclude earnings of noiloffice sal esrnen aiid are nc)t compafable
with earlier figures.
2.08
2.52
1.87
2.08
2.52
1.87
2.08
2.52
1.87
2.10
2.54
1.89
2.10
2. 54
1.89
2.10
2. 56
1.89
2.07
2. 55
1.87
2.12
2.56
1.92
2.13
2.57
1.92
2.13
2.57
1.92
NTonmanufacturing establishments:!
Mining 9
Metal mining
Coalmining
Crude petroleum and natural gas..
Contract construction
.
General building contractors....
Heavy construction
Special trade contractors
-
Wholesale and retail trade§
Wholesale trade
._
Retail trade!
._
—
~ —do —
—..do.--.
— do—
Finance, insurance, and real estate:
Banking
;.
do
Insurance carriers©.
do
Services and miscellaneous:
Hotels, tourist courts, and motels. _„ „ do —
Laundries, cleaning and dyeing plan tsAdo—
Nonmanufacturing establishments it
Mining9
—
Metal mining
Coalmining
_ _ ._
_
Crude petroleum and natural gas.
Contract construction..— __
_
General building contractors..
Heavy construction—
„
Special trade contractors...
109.46
115. 58
119. 85
137. 90
105. 63
69.37
1.25
1.23
1.21
1.27
1. 31
1.33
1.30
1. 32
1.31
1. 31
1.44
1.44
1.44
1.46
1.47
1.46
1.47
1.47
1.48
1.47
c?D(jrived by assumirj g that o\ ertime h ours are ] Daidatth e rate of 1,ime and one-half, AEffective Jan. 19(H, data relate to nonsupervisory iworkers £aid are riot comparable w ith the
produ 3tion-woi•ker level s for earlier periocIs.
SUEVEY OF CUKEENT BUSINESS
S-16
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
| 1964
Monthly
average
May 1965
1964
Mar.
May
Apr.
June
1965
July
Aug.
Sept.
Oct.
Dec.
Nov.
Jan.
Feb.
Mar.
Apr.
EMPLOYMENT AND POPULATION—Continued
HOURS AND EARNINGS-Continued
Miscellaneous wages:
Construction wages, 20 cities (ENR): §
Common labor
$ per hr__ 3. 082 3.242
4.733
4. 526
Skilled labor . .
__do
1
1 05 M.Q8
Farm without board or rm 1st of mo
do
2.823
Railroad wages (average, class I)
do
12.38
Road-building, com. labor (qtrly.)
___do
LABOR CONDITIONS
123
109
Help- wanted advertising, seas, adj't 1957-59=100-Labor turnover in manufacturing estab.: t
4.0
3.9
Accession rate, total mo. rate per 100 employees...
Seasonally adjusted
_____do____
2.6
2.4
New hires
do
3. 9
3.9
Separation rate total
do
Seasonally adjusted
do
1.5
1.4
Quit
do
1.7
1.8
Layoff
___do .
Seasonally adjusted
do
Industrial disputes (strikes and lockouts) :
Beginning in month:
P300
280
Work stoppages
number
P133
Workers involved"
..thous
78
In effect during month:
Work storvoages
number
Workers involved
thous __
Man-days idle during month
_ do
1,340 P 1,900
EMPLOYMENT SERVICE AND UNEMPLOYMENT INSURANCE
523
NTosifarm placements
thous
548
Unemployment insurance programs:
2
1, 939 2 1, 725
Insured unemployment all programs
do
State programs:
1 162
1 285
Initial claims
do
1 605
Insured unemployment weekly avg do
1 806
Percent of covered employ menticf
4 3
38
Unadjusted
Seasonally adjusted© - ..
Beneficiaries weekly average
thous
1 541 1 373
210.2
231.2
Benefits nald
mil. $
Federal employees, insured unemployment
30
31
Veterans' program (UCX):
Initial claims
do
29
28
51
55
Beneficiaries weekly average
do
52
48
Benefits paid
mil $
7. 5
7 6
Railroad program:
Applications
thous
j»13
13
p gg
47
j> Q 5
83
Benefits paid
mil $
3.169
4. 644
2.764
3.187
4. 658
1.14
3. 202
2.765
2.785
4.680
3.295
4.787
3.295
4.807
3. 300
4.812
1.01
2.775
2. 811
2. 818
2.808
2.856
3.233
4.728
3. 282
2.774
2.37
4.769
1.13
3.305
3. 307
4. 823
4.815
3,307
4.829
1. 19
3.339
4. 851
3.339
4.852
118
120
118
121
124
123
126
127
134
137
137
145
3.7
4.0
2,2
3.5
3.9
1.2
1.6
1.8
38
5. 1
2.9
4.4
4.2
1.5
2.1
2.0
5.1
4.0
3.4
4.3
3.8
2.1
1.4
1.4
4.8'
4.1
3.6
3.5
3.9
1.4
1.3
1.6
4.4
3.8
3.5
5.1
4.1
2.7
1.5
1.5
4.0
4.0
2.8
4.2
3.9
1.7
1.8
1.7
3. 2
3.9
2.4
3.5
3.8
1.3
1.4
1.7
3.9
3.8
2.6
3.6
3.9
1.5
1.4
1.7
4.1
2.2
3.6
3.6
1.2
1.7
1.5
2.6
4.1
1.6
3.7
1.0
2,1
1.6
3.8
4.0
2.4
3.7
3.6
1.3
1.6
1.4
'3.5
'4.1
'2. 4
'3.1
••3.6
1.3
' '1.2 •
'1.3
220
65
300
122
410
176
360
134
420
133
340
83
275
342
340
199
275
137
130
30
260
107
200
53
350
191
360
100
800
450
163
570
218
585
227
595
147
510
228
340
88
1,930
1,710
1, 350
515
409
2,320
680
524
2,180
660
194
1, 100
6, 540
1, 750
1,060
390
188
1,790
340
153
1,450
500
234
1,760
541
572
572
549
418
481
491
1 886 2 1, 552
21 390
21 445
976
1 238
1 343
937
858
966
1 261
1 125
1 138
1, 185
1 293
1 618
1 675
39
3.5
478
2 2, 200
2
1,136
2 050
1 086
1 755
4 9
38
1,887
4 2
3.' 8
1 678
258 0
292.6
908
1 447
1 297
3 4
31
4. 0
1 347
201.5
1 142
183.1
31
36
1 108
180 5
3.7
3.7
554
2
1 358
2 9
1 085
164 5
2
639
579
1, 218
2 1 232
433
508
2
1, 397
3.4
943
3.4
908
2 6
30
147.0
2 5
3. 8
3.4
969
2
1, 792
148
Vs. 9
*4.2
*2. 7
"3.3
P3.7
Pl.5
"1.2
»1.3
22,132 22,065 2 1, 837
1,453
1 , 996
1, 100
1 932
1, 009
1,718
46
3.4
1 283 1 , 667
252.1
211 4
4.5
3.3
1, 689
245. 7
4.0
3.2
1,631
273. 4
3.6
148 4
143. 2
38
32
27
25
9fi
25
24
25
27
30
34
34
31
28
67
59
27
57
64
20
46
48
25
42
42
32
44
38
26
43
41
25
36
36
25
35
31
27
40
34
32
48
41
30
55
52
8.0
25
53
52
7.6
26
49
48
8.0
16
47
78
6
45
74
39
3,325
9,077
2,070
7,007
8 9
9 7
7 0
66
6 2
6 3
59
50
5 4
69
5
13
42
5
32
16
27
38
31
12
32
11
qq
r ^Q
7 4
52
11
37
8 5
4 9
4 9
12
29
52
53
56
56
73
3,127
8,879
2,070
3,175
8,444
2,220
6,224
3,222
9,343
2,431
6,912
3,217
9,146
2,438
6,708
3,385
8,36i
2,223
6,138
3, 276
8,928
6,785
3,232
9,033
2,239
6,794
AK
12
3 342
4 856
1 18
FINANCE
BANKING
Open market paper outstanding, end of mo.:
Bankers' acceptances..
.__>_•
mil. $_.
Commercial and finance co. paper, total
do____
Placed through dealers___________
_do____
Placed directly (finance paper)..
_-_do.___
3 2,890 3 3, 385
3 6,747 33 8, 361
3 1,928 3 2,223
3 4, 819 6,138
Agricultural loans and discounts outstanding of
agencies supervised by the Farm Credit Adm.:
Total, end of mo
_ _ _ _ _ _ _ _ m i l . $._ » 6, 403
Farm mortgage loans:
Federal land banks
_
___do
33,310
Loans to cooperatives
do____
»840
Other loans and discounts..
___„...__do.—_ 3 2, 253
3
7,104
3
3,102
3,102
3,049
8,326
7,737
2,038
5,699
7,920
2,039
5,881
6,353
6,627
6, 727
3,406
3,445
3,149
8,036
3,137
1,948
8,879
2,006
6,873
6,813
6,940
7,048
7,081
7,084
7,092
7,057
7,104
7,223
7,356
7,472
3,481
747
3,516
757
2,667
3,551
782
2,715
3, 586
787
2,707
3,620
809
2,656
3,652
924
2,516
3,680
975
2,402
3,718
958
2,428
3, 765
1,020
2,438
3,818
1,037
2,501
2,576
4,
1, 926. 7
2,771.5
1,060.6
1, 710. 9
4,648.0
1,917.7
2,730.3
1,023.7
1,706.6
4,816.5
2,013.0
2,803.5
1,065.4
1,738.1
4,870.9
2,067.6
2,803.3
1,065.5
1,737.8
4,842. 5
1,997.4
2,845.1
1,077. 2
1,767.9
4,995.6
2,071.8
2,923.8
1,115. 4
1,808. 4
59, 643 61,561
62,867
60,729
60,769
60, 573
61,688
40,071
36,907
14,661
14,293
37,754
14,144
1,973
3,
718
3
958
2, 428
2,405
2,496
44,621.4
41,925.3
4
2,696.1
n,030.8
41,665.3
4,419.5
1,822.2
2,597.3
999.5
1,597.8
4,603.0
1,909.2
2,693.8
1,038.4
1,655.4
4,542.0
1,853.6
2,688.4
1,030.0
1,658.4
4,535.4
1,928.0
2,607.4
992.5
1,614.9
4,833.7
2.087.0
2,746.7
1,058.9
1,687.8
4,579.9
1,898.2
2,681.7
1,021.3
1,660.4
4,763.5
2,007.6
2,755.9
1,049.5
1,706.4
Federal Reserve banks, condition, end of mo.:
Assets, total?.-..
._„„._.___
mil. $.. 3 58,028 362,867
56,629
57,101
57,158
57,742
57, 882
57,964
59,421
Bank debits to demand deposit accounts, except
interbank and U.S. Government accounts,
annual rates, seasonally adjusted: A
Total (225 SMSA's)
bil. $
New York SMSA__
do
Total 224 SMSA's (except N.Y.)
____do
6 other leading SMSA's H
do
218 other SMSA's
do
3
Reserve bank credit outstanding, total 9 .do
336,418 339,930
363
Discounts and advances
do
3186
U.S. Government securities
____do.___ 3« 33,593 3337, 044
Gold certificate reserves
do____ 15,237 15, 075
815
35,314
786
2,585
35,115
36,066
33,770
15,190
33,169
15,195
34,229
15,176
34,794
15,185
36,797
239
35, 051
15,188
8 58,028 362,867
56,629
57,101
57,158
57, 742
Deposits, total 9
____do
18,391 319,456
Member-bank reserve balances..
_ _ d o 3 17,049 3318, 086
Federal Reserve notes in circulation
.do.... '32,877 35,343
18,258
17,060
32,088
17,913
18,232
16,890
32,411
18,250
16,973
32,835
Liabilities, total 9
........do.
130
116
16, 629
32,177
226
Ratio of gold certificate reserves to FR note
liabilities O__
_percent__
342.7
47.2
46.8
' Revised.
? Preliminary.
* Corrected.
1 Quarterly average.
2 Excludes persons under extended duration provisions (thous.); 1964—Mar., 1; Apr., 32; May, 54; June, 58;
July, 46; Aug., 38; Sept., 38; Oct., 32; Nov., 20; Dec., 9; 1965—Jan., 4; Feb., 2; Mar , 26
s End
of year.
.«Annual total.
JWages as of May 1, 1965; Common labor, $3.355; skilled labor, $4.886.
{Revised back to 1951 to incorporate adjustments as follows: Enlargement of sample;
updated seasonal factors; new weights for component indexes based on labor force in cities
covered; and shift of index base to 1957-59=100. Monthly data (1948-62) appear on p 24 of
36,589
79
36,941
185
35,164
15,192
37, 111
95
35,350
15,190
57,882
57,964
59,421
18, 445
17, 327
33,109
18,365
17,055
33,330
18,396
17,121
33,590
37, 900
415
35, 709
15,185
18, 884
17,883
33, 852
2,143
7,607
3,950
1,007
978
2,679
39,302
210
36,774
15,091
39,930
186
37,044
15,075
38,737
304
36,741
14,906
39,422 = 38,972
61,561
62,867
60,729
60,769
60,573
61,688
19,523
18,084
34,640
19,456
18,086
35,343
19,091
17,801
34,646
19,255
17,903
34,562
18, 502
19,557
18,259
34,662
300
124
37, 591
17,277
34,629
568
40. 8
41.3
42.4
43.0
42.7
46.2
45.2
44.9
45. €
the Mar. 1964 SURVEY, f See corresponding note, bottom p. S-13.
cT Insured unemployment as % of average covered employment in a 12-month period.
©Revisions back to 1959 are available.
...
,
A Revised series; data prior to 1964 not available. Total SMSA's include some cities and
counties not designated as SMSA's.
, '
^Includes Boston, Philadelphia, Chicago, Detroit, San Francisco-Oakland, and Los
Angeles-Long Beach.
9 Includes data not shown separately.
©Revised series.
SURVEY OF CURRENT BUSINESS
May 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
End of year
S-17
1964
Mar.
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Pec.
Jan.
F.eb.
Mar.
Apr.
FINANCE—Continued
BANKING— Continued
All member banks of Federal Reserve System,
averages of dally
figures:
„
120,746 i 21,609 20,213
1
20, 210 121,198 19,855
1411
1536
358
i 243
259
Borro wings from Federal Reserve banks., .do.— 1327
U68
1209
99
Weekly reporting member banks of Fed. Res. System,
condition, Wed. nearest end of yr. or mo.:
Deposits:
... ..
67,844 68,045 62,532
104, 335 102,574 95,811
Individuals, partnerships, and corp
do— 74, 513 73,654 66, 659
5,338 5, 239
5,349
'States and political subdivisions
—do
4,563
4, 556
5,130
13,320 12, 539 12, 192
Domestic commercial banks—
—do
59,227 66, 881 61,446
' Individuals, partnerships, and corp.:
38,083 40, 698 38, 704
13,310 16 407 14,418
Othertlme
---- do.
92,901 102, 227 92,002
Loans (adjusted) totaled
—
do
38, 793 42, 119 38,308
6.033
Fos purchasing or carrying securities
do .. 6,621 6,677
8,179
To nonbank financial institutions
—do— 8,595 9,032
17, 880 20,008 18,366
Real estate loans
.'.
___do
23, 809 29, 156 25,939
48,404 48, 783 46,371
29, 018 27, 679 26,870
ITS Government obligations, total
do
23, 127 21, 979 22, 680
19,386 21, 104 19,501
Commercial bank credit (last Wed. of mo., except
for June 30 and Dec. 31 call dates), seas.adjusted.'t
246.5 266.0 251.4
Total loans and InvestmentsO
bil. $
166.7
149.4
153.9
60.9
62.1
62.1
U.S. Government securities...
do....
38.4
35.4
35.0
Money and interest rates: §
Bank rates on short-term business loans:
In 19 cities .
percent..
New York City
—
—do
7 other northern and eastern cities..— do— —
1 1 southern and western cities
....do
25.01
24.79
2 5. 01
25.30
2 4. 99
2 4. 75
2 5. 02
25.30
20,277
19,897
380
213
167
20,220
19,883
337
255
82
20, 558
20,168
390
270
120
20,665
20,265
400
265
135
t
20,928
20,508
420
331
89
21,033
20,618
415
309
106
21,159
20,763
396
430
-34
21,603
21,198
411
243
168
21,619
21,217
402
299
103
21, 227
20, 790
437
405
32
21, 248
20, 908
340
416
-76
21,508
21, 146
362
471
-109
63,959
91,232
66, 813
5,529
2,948
10,464
62,223
61,472
91, 474
64,312
5,300
4,997
11,218
63,100
62, 664
98, 717
67,206
5, 405
7,286
11.784
63, 112
63,674
90, 754
66, 397
4,897
3,604
10,441
63,921
62,689 63, 722
93,372 99,479
66,168 68, 867
5, 071 5, 224
4, 511 6,951
12, 028 12; 318
64,440 64, 719
64,999
94, 544
68, 627
5,035
3,389
11, 699
65, 478
64,607 68,045
97. 707 102,574
69, 515 73,654
5, 333 5, 239
4,364 4,563
12, 548 12,539
65,670 66,881
64,992
96,059
68,515
5,396
3,643
11,948
69,234
63, 507 '•63,377
96,238 99, 178
68, 127 67, 642
5, 423
5,570
4,036
5,988
12, 327 r 12, 662
70,341 71,140
64, 744
96, 133
68, 572
5,270
5,266
10,965
72,081
38,437 38,726
14,950 15,468
92,208 93, 658
38,057 38, 243
5,952
6,598
7,881
8,013
18,520 18, 706
26,029 26, 010
46,472 46,133
26,713 26, 567
22, 752 22, 588
19, 759 19,566
39,053
15,360
96, 022
38,785.
6,903
8,887
18,936
26,975
46, 698
26,621
22,420
20, 077
39,168
15,943
94,568
38, 498
6,384
8,064
19, 120
27, 125
45, 764
25,701
22, 104
20,063
39, 477 39,873
16,000 15,854
96,015 97, 784
39, 091 39, 953
6,505 6,796
8,340 8,558
19,320 19, 533
27,124 26, 982
46, 931 48, 094
26,392 27, 207
22, 184 21, 955
20, 539 20,887
40, 061
16, 464
96, 545
39,882
5,863
8,030
19, 719
27, 267
47,818
26, 928
21, 655
20,890
40,312
16, 237
98,992
40, 999
5, 865
«, 431
19, 909
28,355
48, 005
27, 256
22, 103
20, 749
40, 698
16, 407
102, 227
42, 119
6,677
9,032
20, 008
29, 156
48, 783
27, 679
21, 979
21,104
41,334
17,961
101,060
42,239
6,368
8,331
20,074
28,517
48,145'
26,516
21,506
21,629
256. 3
160.0
60. 0
36.3
254.5
159.7
58.4
36.4
261. 7
163.0
61.2
37.5
260.8
163.1
59.9
37.8
264.9
165.2
61.3
38. 4
266.0
166.7
60.9
38. 4
268.7
169.9
59.5
39.3
251.8
155.4
60.8
35.6
253.5
157.3
60.3
35.9
4.99
4.77
5.02
5.29
566
149
417
334
83
258.7
161.5
60.2
37.0
4.98
4.72
5.01
5.31
4.99
4.74
5.03
5.29
Discount rate, end of year or month (N.Y.F.R.
4. 00
3.50
3.50
3.50
Bank)__
percent.. 3.50
3.50
3.50
3.50
4.63
4.70
3 4. 26 3 4. 70
4.73
Federal intermediate credit bank loans
do
4.74
4.74
4.74
5.50
5.50
5.50
Federal land bank loans
-.do.-- 85.50 3 5. 50
5.
50
5.50
5.50
Home mortgage rates (conventional 1st mortgages): *
5.79
5.79
New home purchase (U.S. avg.)
percent— 35.84 3 5. 78
5.77
5.76
5.77
5.76
5. 94
5.92
Existing home purchase (U.S. avg.)__— do
5.92
35.98 3 5. 93
5.93
5.90
5.89
Open market rates, New York City:
3.75
3.75
3.75
3.75
Bankers' acceptances (prime, 90 days)... do.... « 3. 36 33.77
3.80
3.75
3.96
3.88
4.00
4.00
3.91
Commercial paper (prime, 4-6 months). -do
3.89
33.55 33.97
3.81
3.76
3.88
3.83
3.80
3.76
Finance Co. paper placed directly, 3-6 mo__do— 83.40 33.83
4.50
4.50
4.50
3
4.
50
4.50
4.50
Stock Exchange call loans, going rate
do
4.50
3 4. 50
Yield on U.S. Government securities (taxable):
3
3. 549
3,553 3.484 3.482 3.478 3.479 3. 506
3-month bills (rate on new Issue) — .percent- 33. 357
3.99
3. 99
4.03
33.72 34.06
4.15
4.18
4.07
Savings deposits, balance to credit of depositors:
N.Y. State savings banks, end of yr.ormo-.mil. $.. 25, 693 28, 260 26,411 26,421 26,585 26,900 27, 051 27, 272
411
407
415
390
430
452
421
425
41,744 42,323 42,175
18, 359 18, 456 19, 033
102 301 104, 817 105, 229
43,343 44,620 44,613
•• 6, 151 6,449
6,573
8,404
8, 897
8,703
20, 188 20,326 20, 555
28, 860 28, 906 29,959
47, 931 47, 150 47,440
25, 963 24, 965 24,512
21, 354 21,129 20, 843
21,968 22, 185 22,928
271.1
171.6
59.6
39.9
5.00
4.77
5.03
5.31
274.5
175.5
59.0
4Q. 0
276.3
176. 8
58.5
41.0
4.97
4.74
5 00
5.27
3.50
4.75
5.50
3.50
4.74
5.50
4.00
4. 76
5.50
4.00
4.74
5. 50
4. 00
4.78
5.45
4. 00
4.84
5.43
4.00
4. 82 '
5.43
5.77
5,93
5. 75
5. 91
5.75
5.94
5.76
5.92
5.79
5.95
5.79
5.93
5.72
5.91
3.75
3.89
3.75
4.50
3.75
4.00
3.91
4.50
3.79
4.02
3.89
4.50
4.00
4.17
3.98
4.50
4.00
4.25
4.05
4.50
4.10
4. 27
4.12
4.50
4.15
4.38
4.25
4. 50
4.19
4.38
4.25
4.56
3.527
4.03
3.575
4.04
3.624
4.04
3.856
4.07
3.828
4.06
3.929
4.08
3. 942
4.12
3.932
4. 12
27, 606
403
27, 713
397
27,893
393
28, 260
390
28, 482
385
28,618
371
28, 955
363
28, 883
356
73, 495
57, 446
24, 295
14, 046
3,493
15, 612
73, 928
57, 826
24. 423
14, 222
3,509
15, 672
74, 371
58,085
24, 367
14, 431
3,516
15, 771
76,810
59,397
24,521
15,303
3,502
16, 071
76,145
59, 342
24, 574
15,204
3,473
16,091
75, 741
59, 363
24,743
14,984
3,446
16, 190
76, 085
59,788
25, 053
14, 944
3,440
16,341
4.00
4.88
5.43
CONSUMER CREDIT?
(Short- and Intermediate- term)
Total outstanding, end of year or month
mil. $._ 69,890 76, 810 68,913 69,816 70,945
Installment credit total
do
53, 745 59, 397 53, 795 54,382 55, 120
Automobile paper.
-do. _ 22, 199 24,521 22,471 22,830 23, 255
Other consumer goods paper...
,— do
13,766 15, 303 13, 451 13,476 13,599
Repair and modernization loans.
do
3,389 3,502 3,321 3, 328 3,364
Personal loans - .;
-do
14,391 16, 071 14, 552 14, 748 14,902
By type of holder:
Financial institutions, total
-do—__ 46, 992 51, 990 47,653 48, 191 48, -824
Commercial banks..
do. . 21,610 23, 943 21, 919 22, 224 22, 559
Sales finance companies
....do
13, 523 14, 762 13,802 13,893 14,027
Credit unions
do.
5,622 6,458 5, 668 5, 776 5,889
Consumer finance companies
...do
4,597 4, 628 4,657
5, 078
4, 590
Other
——
..do
1,667
1,670
1, 749
1, 692
1,647
Retail outlets, total...
do
6,142
6,191 6,296
6,753 7,407
Department stores
_do
3,427 3,922 3,044 3,106 3, 182
Furniture stores — .
.do.... 1,086
1,022
1,013
1,152
1,020
Automobile dealers
—do....
334
340
370
348
328
Other
_
do
1,742
1, 732
1,963
1,912
1,746
Noninstallment credit, total.
.do
16, 145 17,413 15,118 15, 434 15, 825
Single-payment loans, total....— —__—do
6, 002
6,048 6,206
5,959
6, 473
Commercial banks...
_.— .do
5,152
5,076
5,469
5,230
5,047
Other financial Institutions. _.
.
do— __
896
926
1,004
976
912
'Revised.
1
2
Average for Dec.
Quarterly average.
3 Memthly a\rerage.
cfFor demand deposits, the term "adjusted" den otes dernand delDOSitS Ot her than domestlc commercial interbank and U.S. Government less casli items iii process of collec tion;
for loans, exclusive oi loans to domestic commercial I>anks an<I after d sduetion of valu ation
reserves (individual loan Items are shown gross; i.e., before d eduction ofvalua tion reser ves).
9 Includes data not shown separately.
JData have be en revis>ed as f allows: (Dommercial bank credit (seas. adj. only), back to 1948; consumer credit— unadj., back to 1962;
770-264 O - 65 - 5
71,907
55, 914
23, 702
13, 730
3, 395
15, 087
72, 456
56, 496
24, 024
13, 813
3, 426
15, 233
73, 069
57,055
24, 251
13, 923
3,466
15,415
49, 543 50,082 50,583 50, 937 51, 220 51, 341 51,990 52,159 52,352 52, 837
22,907 23, 176 23,389 23,527 23, 663 23, 680 23,943 24,091 24, 246 24, 537.
14,228 14, 359 14.475 14, 553 14,625 14, 622 14, 762 14, 797 14, 782 14,831
6, 204
6,014
6,109
6, 283
6,334 6,378 6,458 6, 429
6, 465
6,569
4,797 4,845
4,701 4,748
4, 870
4,919
5,078
5, 101
5, 078
5,132
1,718
1,690
1,693
1,764
1, 729
1, 742
1,728
1,758
1,749
1, 768
6,472 6,509
6,414
6,371
6, 606
6,744
7,183
7, Oil
7,407
6,951
3,267 3,332 3,371 3,444 3, 541 3,922
3,231
3,713
3,791
3,673
1,044
1,037
1,028
1,062
1,048
1,088
1,152
1, 128
1, 101
1, 085
363
360
355
365
367
377
367
373
370
384
1,750- 1,733 1, 725
1,757
1,733 1,748
1,963 1,891
1,820
1,809
15, 993 15, 960 16,014 16,049 16, 102 16, 286 17, 413 16, 803 16,378 16,297
6,233 6, 218
6,299
6,333 6,412
6,442
6, 473
6,412
6,354
6,518
5,313 5, 329
5,335 5, 361
5, 361 5, 377
5,469
5,436
5,409
5,495
920
964
889
972
1, 004
1,006
993
1,035
1,003
1, 023
seas, a dj., bac k to 196(3. ReviJsions are availab le as fo lows: Cc>mmercistl bank credit—
1948-6[I, in the Jrune 1964 Fed. Res. Bullet in; consuimer creclit— 1962 unadj., in the N ov. 1963
Fed. Ites. Bull 3tin; 196C -62 seas. adj., on p. 28 of the June 1964 STJ BVEY.
OAdji isted to
exclud e interbank loans .
§ Fcr bond 3rields, se B p. S-20
*Nei^ series (rFHLBB ); data E rior to I)ec. 1962 not avaiiable.
IData are as of end of
consec utive 4-TC eek peri(>ds endiE g in morith indie ated, exaspt June figure wlaichisas of June
30 (endL of fiscal year).
STJKVEY OF CUEKENT BUSINESS
S-18
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
| 1964
Monthly
average
May 1965
Mar.
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FINANCE—Continued
CONSUMER CREDIT*— Continued
Total outstanding, end of year or month— Con.
Noninstallment credit— Continued
Charge accounts total
mil. $
Department stores
____do
Other retail outlets
do
Credit cards
do
Service credit
do
15,871 16,300
^895
i 909
U,456 14,756
i 635
1520
14,315 i 4, 640
4,634
614
3,485
535
4,482
4,833
610
3,667
556
4,553
5,099
626
3,910
563
4, 520
5, 238
610
4,028
600
4,522
5,240
576
4,008
656
4,502
5,231
588
3,960
683
4,484
5,223
624
3,928
671
4,472
•5,352
660
4,055
637
4,417
5,394
703
4,065
626
4,480
6,300
909
4,756
635
4,640
5, 724
793
4,280
651
4,667
5,154
660
3,857
637
4,782
4,977
601
3,743
633
4,802
5.068 5, 506
1,964
1,834
Automobile paper
-do
1,597
1,417
Other consumer goods paper
.do.
1,945
Allother
- do.— 1,817
4,593 5,035
"Repaid total
do "
1,770
Automobile paper
- - do._.- 1,613
1,469
Other consumer goods paper.
_____do— __ 1, 320
1,796
1,659
All other
. do
Seasonally adjusted:
Extended total
do
Automobile paper
do
----- —
Other consumer goods paper
do
-.—-.—
Allother
- do
Repaid total
do
5,322
1,983
1,488
1,851
5, 079
1,783
1,504
1,792
5, 578
2,127
1,495
1,956
4,991
1,768
1,470
1,753
5, 584
2,137
1,547
1,900
4,846
1,712
1, 424
1,710
5,949
2,245
1,632
2,072
5, 155
1,798
1,501
1, 856
5,747
2,166
1,543
2, 038
5, 165
1,844
1, 460
1,861
5,519
1,984
1,540
1,995
4,960
1,757
1,430
1,773
5,393
1,830
1,592
1,971
5,002
1,786
1,469
1,747
5,552
1,999
1,657
1,896
5,172
1,871
1,481
1,820
5, 323
1,727
1, 672
1,924
5,064
1,783
1, 463
1,818
6.767
1,992
2,404
2,371
5,455
1,838
1,532
2,085
5,023
1,836
1,440
1,747
5,078
1,783
1,539
1,756
5,007
1,915
1,338
1,754
4,986
1,746
1,558
1,682
6,173
2, 382
1,619
2,172
5,748
2,062
1, 659
2,027
5,480
,942
,665
,873
4,956
,735
,468
1,753
5,371
1,961
1,544
1,866
4, 959
1,759
1, 453
1,747
5,552
2,023
1, 589
1,940
5,059
1,776
1,483
1,800
5,399
1,962
1,537
1, 900
5,029
1,768
1.486
1, 775
5,541
1,996
1, 546
1,999
5,058
1,781
1,448
1,829
5,529
2,017
1, 570
1,942
5,094
1,789
1,496
1,809
5,617
2, 024
1,588
2,005
5,104
1,802
1,491
1,811
5, 507
1,924
1,582
2, 001
5,097
1,788
1,456
1,853
5,456
1,858
1,631
1,967
5, 155
1,818
1,509
^,828
5,816
2,043
1,719
2,054
5,256
1,864
1,505
1,887
5,883
2,120
1,729
2,034
5,213
1,830
1, 526
1,857
6,022
2,228
1,760
2,034
5,381
1,897
1,632
1,852
6,030
2,229
1,698
2,103
*
5,393
.1,924
1,567
1,902
8,334
12, 168
9,390 10, 163
2,778 -1,829
10,652
9,533
1,119
Installment credit extended and repaid:
Unadjusted:
Other consumer goods paper
All other
do
do
-
FEDERAL GOVERNMENT FINANCE
Net cash transactions with the publlc:cf
Receipts from
mil $
Payments to
__
.— _
do
Excess of receipts, or payments (— )
...do.-..
Seasonally adjusted quarterly totals: §
Receipts..
....do
Excess of receipts, or payments (— ).
Budget receipts and expenditures:
Receipts total
Receipts netl
Customs
Individual income taxes
Corporation income taxes
Employment taxes
Other internal revenue and receipts
Expenditures totaH
Interest on public debt
Veteran^' benefits and services
National defense
' -.All other expenditures
Public debt and emaran teed obligations:
Gross debt (direct), end of mo., total
9,381 9, 586
9,763 ••10,028
r_442
-382
9,523
7,293
105
4,525
1,897
1,346
1,650
7,849
852
439
4,414
2,189
9,769
7,391
113
4,361
2,087
1, 426
1,782
8, 079
920
457
4,355
2,422
bil. $. . 1309.35
1305.21
1261.56
1 14. 14
i 43. 66
i 4. 13
i 317.94
i 313.55
i 267.48
i 14.36
146.08
14.39
do
do
do
do
do
do
do
do
do
do
do— .
do
Interest bearing, total. _ _ _ .
do
Public issues
do
Held by U.S. Govt. Investment accts.do— -.
Special issues.. _
do.
Nonlnterest bearing.
do
Guaranteed obligations not owned by U.S. Treasury, end of month
__..bil. $__
U.S. savings bonds:
Amount outstanding, end of month. ... _. do
Sales, series E and H__._
do
Redemptions
. d o
i . 74
28,708
••29,822
28,221
••30, 188
--1,967
28, 612
29, 869
-1,257
29,466
30,459
-993
do
14, 376
4,344 9,716 10,256
4,745 10, 552 11,739
6,387 11, 227
10,502 10,217 ••11,296 ' 9, 400 '10,317 ••9,398 ••10,882 r '9,109 '9,606
3, 874 -5,472 ••-744 ' 2, 339 '-5,973
' 318 ' -626 — 2,722 '1,621
29,785
30, 086
-301
r-1,114
10,025
8,856
125
3. 398
3,953
779
1,769
8, 770
955
495
4,473
2,866
9,559
6,609
109
5,895
684
1,106
1,765
7,930
895
415
4,564
2, 071
10, 525
6,136
100
5,398
491
2,864
1,672
7,511
899
449
4,666
1, 523
14,531
12, 401
117
4, 873
6,196
1, 460
1,884
9,527
941
496
5,713
2,424
5, 131
3,487
120
1,549
646
624
2,192
7,410
957
442
3,542
2,946
9,662
6,653
112
4,967
419
2,338
1,826
8,083
913
479
3,784
2, 991
11, 766
10, 072
122
4, 924
3,950
1, 148
1,621
8,450
927
489
4,198
2,842
4,275
3,398
126
1,423
572
479
1,676
8,329
923
467
4, 233
2,716
8,972
7, 037
124
5,068
449
1,491
1, 840
7, 051
917
366
3,997
1,780
309.59
307. 60
311.53
311. 71
311. 18
314. 09
315.61
315.64
318.49
317.94
305. 40
262.18
14. 23
43.22
4.18
303. 38
261. 38
13.93
42.00
4.22
307.21
262. 18
14.16
45. 03
4. 32
307.36
260. 73
14.34
46. 63
4.36
306. 86
261. 12
14.02
45.74
4.33
309. 62
262. 18
14. 20
47.44
4.46
311.12
263. 76
14.30
47.37
4.49
311.22
264.96
14.10
46.26
4.42
314.02
267. 36
14.33
46.66
4.46
313. 55
267. 48
14.36
46.08
4.39
13, 961
10, 148
108
3,991
6,654
1,579
1,629
7,871
907
455
4,378
2,143
13,065
9,566
3,499
11,329
7, 518
106
6, 174
473
2,810
1,765
7,146
933
478
3,835
1,940
14,517
11, 188
155
4, 135
6,759
1,459
2,009
8, 139
961
459
4,498
2,223
317.98
319.88
317. 70
316. 56
313.68
269.44
14.68
44.24
4.31
315. 54
269.98
14. 67
45. 57
4.34
313.33
267.67
14.85
45.66
4.36
312. 21
267.81
6,329
5,642
76
3,688
607
399
1,560
7,676
966
450
3, 987
2,349
44.40
4.35
*.81
.82
.80
.80
.81
.82
.85
.89
.82
.83
.81
.66
.69
.72
.66
i 49. 03 149.89
.40
.38
.42
.44
49.26
.40
.48
49. 30
.38
.45
49.37
.37
.41
49.44
.38
.45
49.50
.39
.47
49.57
.36
•41
49. 63
.36
.43
49.70
.37
.41
49.81
.35
.36
49.89
.37
.43
49.94
.43
.53
50.01
.39
.45
50.06
.41
.49
50.08
.39
.49
144.96
145.82
146.48
147. 17
147.98
148. 75
149.32
150.39
151.03
67.12
5.63
3.82
16.47
3.39
31.90
67.69
5.76
3.81
16.51
3.41
32.18
67. 74
5.76
3.82
16.49
3.41
32. 22
67.82
5.79
3.85
16.44
3.40
32.31
68.04
5.77
3.87
16. 35
3.38
32. 62
68.17
5.70
3.84
16.33
3.38
32.77
67.97
5.51
3.81
16.29
3.36
32. 93
68.54
5.72
3.82
16.27
3.35
33.26
68.73
5.76
3.80
16.26
3.34
33.42
6.02
2.42
3.49
52.47
48.38
4.44
6.96
1.26
6.71
6.06
2.48
3.47
52.83
48.71
4.45
6.95
1.25
6.60
6.13
2.53
3.49
53. 17
49.01
4. 46
6.99
1.35
6.64
6.20
2.54
3.55
53.56
49. 37
4.49
7.02
1.28
6.80
6.24
2.55
3.58
53.98
49. 76
4.50
7.06
1.28
6.88
6.31
2.56
3.64
54.40
50. 15
4.51
7.09
1.39
6.87
6.39
2.57
3.71
55. 18
50.88
4. 52
7. 13
1.44
6. 68
6.46
2.58
3.77
55.63
51.31
4.53
7.16
1.32
6. 75
6.52
2.60
3.82
55.94
51. 59
4.54
7.20
1.25
6.84
LIFE INSURANCE
Institute of Life Insurance:
Assets, total, all U.S. life insurance companies §
143. 07 143.68 144.31
bil.$__ 1141.12
Bonds (book value) , domestic and foreign,
66.76 66.91 67.11
total.
___
bil $ i 66. 08
15.81
5.73
5.73
5.69
U.S. Governmentdo
i 3. 85
3.85
3.85
3.83
State, county, municipal (U.S.).
do.
i 16. 44
16. 44 .16.43
16.47
Public utility (U.S.).
._ ..
do
13.35
3.41
Railroad (U.S.) _ _ _ _ _
do
3.41
3.40
31.51 31. 64
31.76
Industrial and miscellaneous (U.S.).. ..do... . 130.97
Stocks (book value) , domestic and foreign , total
17.14
5.85
5.94
Ml. $
5.90
12.31
Preferred (U.S.)
do
2.36
2.37
2.39
14.72
Common (U.S.)
do
3.39
3.44
3.43
150.54
Mortgage loans, total
— _-_..__do_.
51.44
52.12
51.81
146.75
Nonfarm
._ do
47.52 47. 82
48.08
14.32
Real estate........
do
4.39
4.40
4.42
16.66
Policy loans and premium notes
_. do
6.82
6.87
6.91
Gash.
_
_
do... 1 1. 47
...
1.28
.1.17
1.18
Other assets
do
14 92
6.53
6.61
6.64
Payments to pollcyholders and beneficiaries in
U.S., total. _ _ _ _ _ _ _ _ „ _ _ _ „
___mi].$__ 835.7 896.5
938. 0
885.5
830.2
350.7 377.8 397.6 386.5
356.9
Matured endowments.......
do
74.9
67.4
75. 5
81.3.
72.0
12.9
13.4
13.8
13.7
13.7
Annuity payments
do
75. 1
80.1
82.5
79.6
75.0
Surrender values..
do
149. 1
152. 8
167.3 158.5
147. 8
Policy dividends.....
do
180.4 197.5
195.5 171.7
164.8
' Revised.
» Preliminary.
i End of year; assets of life insurance$ compan ies are armual
statement values.
$See similar note on p. S-17.
o* Other than \>orrowin g.
§Re visions available upon request are as follows: Net cash transa ctions wi th the public
(seas, adj.), 1962-63; assets all life insurance cos., 1963 and Jan. 1964.
917.4
857.8
840.7
377.7
370.4
355.9
78.1
69.1
66. 5
14.4
11.9
12.1
79.5
82.8
77.1
165.7
150.5
143.4
202.0
173.1 185. 7
IDa ta for ne t receipts
action 5.
882.3 898.8 803.8 1, 179. 3 918.5 842.3
375.3 342.6 432.8
372.9
389.2 363. 7
77.5
73.5
75.2
79.2
86.7
75.6
13.7
12.4
12.6
17.6
13. 5
12. 7
78.2
77.1
77.1
81.5
101.9
84.2
149. 6
143.8
136.0
173.0
163.1
143.4
195.5
211.6
160.3 395.2
164.1
162.7
and toteil expend itures re fleet exc Lusion of certain nterfund trans-
SURVEY OF CURRENT BUSINESS
May 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
Monthly
average
S-19
1965
1964
Apr.
Mar.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FINANCE—Continued
LIFE INSURANCE— Continued
Life Insurance Agency Management Association:
Insurance written (new pald-for Insurance) : t
Value, estimated total..... ......
mll.$.
Ordinary
do
Group and wholesale __
do
Industrial.
'.
___.
__do
7,464
5,293
1,574
596
8,548
5,903
2,044
601
8,560
6,149
1,780
631
9,110
6,328
2,174
608
8,001
5,916
1,438
647
8,959
6, 190
2,147
622
7,718
5,847
1,298
573
7,785
5,535
1,645
605
7,986
5,544
1, 854
588
8,207
6,084
1,492
631
9,653
6,134
2,870
649
12, 104
6,685
4,886
533
7,675
5,338
1,783
554
7,890
5,746
1,536
608
9,709
7,088
1,989
632
Premiums collected: J
Total life insurance premiums-...
do...
Ordinary
.
. d o
Group and wholesale. _.
... __do
Industrial
_.
_„_.
.....do
1,134
847
169
117
1,191
890
185
116
1,195
1,164
908 ,
884
180
176
107
103
1,144
861
175
108
1,183
890
191
102
1,188
893
188
107
1,163
868
188
108
1,126
840
184
101
1,182
895
180
107
1, 182
890
180
111
1,441
989
235
218
1,200
911
181
108
1,153
873
181
99
1,299
985
209
105
Gold and silver:
Gold:
Monetary stock, U.S. (end of yr. or mo.). mil. $. 115, 513 115,388 15,461 15,462 15, 463 15, 461
-21
109
-21
49
21
-48
Net release from earmark!
do...
4
Exports!
-,_„__
thous. $_ 16,982 35,229 28,334 ^56, 307 28, 155
3,701 3,407 2,357! " 1,813 1,855 2,379
Imports....... . __.. .
.do
15, 462
43
28,146
2,082
15,460
11
0
1,799
15,463 15,461
31
3
28,230 56,453
2,362 2,221
15,386
35
28, 187
9,704
15,388
—26
28, 197
9,902
15,185
-173
49, 276
2,170
14,937
-69
95, 766
2,062
14, 563
-247
14, 411
8,280
5,278
1.293
1.293
1.293
MONETARY STATISTICS
Production, world total. _. __. _
mil. $
South Africa..
...
_._^.do
Canada
_
do
United States
do
Sliver:
Exports
_
............thous. $._
Imports.—
...do
Price at New York
dol. per fine oz
Production:
Canada
_
— thous. fine oz..
Mexico
—
-—
do
United States......
....do
Currency In circulation, end of yr. or mo
bll. $..
2112.5
80.0
11.6
4.3
85.0
'•11. 1
84.9
10.3
82.3
11.6
83.4
10.7
85.4
10.8
86.9
11.3
87.2
11.3
88.2
10.9
11.5
11.5
3 262. 5
10.8
10.8
3,480
5,910
1.279
12, 010
5,526
1.293
4,623
6,007
1.293
11, 310
3,097
1.293
3,883
7,168
1. 293
4,672
5,010
1.293
6,341
6,707
1.293
6,466
5,184
1.293
13,388
3,400
1.293
33,949
5,703
1.293
23, 628
6,252
1. 293
23, 621
4,956
1.293
5,023
4,716
1.293
2, 487
3,286
3,843
2,526
2,372
3,444
3,996
2,673
2,839
3,974
2,708
3,579
4,879
2,434
3,672
3,603
2,797
3,268
3,787
2,635
3,784
4,200
2, 382
3,440
3, 141
2, 594
4, 017
2,844
2,963
3, 823
2,224
3,049
3,776
4,522
"3,445
»37.7
139.6
36.8
36.9
37.2
37.7
37.8
38.0
38.2
38.4
39.2
39.6
38.5
38.6
38.8
156. 3
33. 4
122. 9
119. 4
*5.9
152.9
32.6
120.3
115.7
6.1
155.0
32.7
122.3
116.7
4.2
152. 4
33.0
119. 4
118.1
6.9
153.6
33.3
120.3
119.2
7.8
155.2
33.7
121.5
120.1
7.0
155.1
33.8
121.3
121. 1
6.4
156.9
33.8
123. 1
122.0
6.6
158.8
34.0
124.8
123.3
5.6
160.4
34.5
125.9
124. 1
5.8
163.6
34.9
128.7
125.0
5.5
163.9
34.3
129.6
128.1
4.2
159.0
34.2
124.9
130.6
5.8
158.5
34.3
124.2
132.4
6.7
161.1
34.4
126.7
133.7
5.6
154.2
32.9
121.3
115.7
154.5
33.0
121.5
116.4
154.5
33.3
121. 3
117.4
155.6
33.4
122.1
118.5
156.7
33.5
123.3
119.4
157.2
33.7
123.5
120.6
158.0
33.8
124.2
121.7
158.6
33.9
124.7
123.1
159.1
34.2
124.9
125. 1
159.4
34.2
125.2
126.5
159.8
34.5
125.3
128.9
159.1
34.6
124.5
131.1
159.8
34.6
125.2
132.4
160.5
34.7
125.8
133.3
43.8
86.6
32.6
40.4
29.0
45.1
89.8
33.2
42. 1
29.4
45,2
89.8
33.5
43.1
29.5
45.0
91. 2
32.9
40.9
29.3
46.3
95.8
33.3
42.3
29.4
44.7
89.3
33.0
42.4
29.1
44.3
88.5
32. 9
41.4
29.2
44.6
89.8
32.8
40.9
29.3
45.1
91.3
33.2
41.0
29.5
45.5
90.7
33.4
41.7
30.0
46.3
94.8
33.8
42.8
30.0
47.1
96.1
34.6
44.3
30.5
47.9
96.9
35.4
44.8
31.2
Money supply and related data (avg. of dally fig.) : J
Unadjusted for seas, variation:
Total money supply..
.
bll. $ 44150. 6
31.5
Currency outside banks
do
Demand deposits
. do
U19.0
4
105.
5
Time deposits adjustedf..^..
do
4
5.9
U.S. Government deposits
do
Adjusted for seas, variation:
Total money supply
Currency outside banks
Demand deposits
Time deposits adjusted^
4
4
4
4
do
do
do
do
Turnover of demand deposits except interbank and
U.S. Govt., annual rates, seas, adjusted: t
Total (225 SMP A's) . .ratio of debits to deposits
New York SMPA
do
Total 224 RMSA's (except N.Y.)
do____
6 other leartineSMSA'sdv.. _ _ _ _ _
do
218 other SMSA's
do._
;
PROFITS AND DIVIDENDS (QTRLY.)
Manufacturing corps. (Fed. Trade and SEC):
Net profit after taxes, all Industries. _ _ _ _ _ mil. $__ 54,871 55,803
5423
8362
Food and kindred products..... _._
do
5127
688
Textile mill products
do_
Lumber and wood products (except furniture)
578
562
mil. $
5188
Paper and allied products_____
do
8158
6714
Chemicals and allied products. _ . _ _ _ _ . _ _ d o
5607
Petroleum reflniner
...
do
5958 5 1, 024
5170
Stone, clay, and glass products
_._do
5148
5190
Primary nonferrous metal..... _ _ _
___.do
5141
fi
5306
Prlmarv iron and steel. _.
.'
_.
do
234
Fabricated metal products (except ordnance,
5210
machinery, and transport, equip.).
mil. $
5 167
5500
Machinery (except electrical)....__do__II 5358
5378
Elec. machinery, equip., and supplies, do
5325
Transportation equipment (except motor
5111
5136
vehicles, etc.)— _ • _ _ ' _ _ ,
.
mil $
5702
Motor vehicles and equipment
___.do
5640
S
5654
All other manufacturing Industries
do
510
Dividends paid (cash), all lndustries_______do
5 2, 467
Electric utilities, profits after taxes (Federal Re-"
serve)*.... —
mil.$_. 8546
Transportation and communications (see pp S-23
and 8-24).
5,121
341
85
6,121
400
108
5,670
487
155
6,299
464
159
61
162
630
1,022
70
174
262
93
194
765
960
217
200
325
94
180
707
948
227
163
283
66
218
755
1, 164
167
221
355
152
416
323
227
553
361
238
526
372
225
506
456
111
822
489
150
945
622
142
390
757
143
651
749
62,702
2,410
2,600
2,395
3,405
5 596
660
542
583
600
SECURITIES ISSUED
Securities and Exchange Commission: {
Estimated gross proceeds, total
mil $
2,635 ••3,093 2,146 4,991
2,293 ••3,084 2,500 4, 148 5,548 2,914 4,631
3,339 2,332 3,880
By type of security:
Bonds and notes, total. ....
__ _ do
2,521 2, 836
2, 056 3,619 2,145 2,714
2,275 4, 036 2,392 2,701 4,579 3,196
3,721
2,199
Corporate
-_.—_„_........___ do
••924
••739
906
1,034 '1,119
••677
••636
1,069
516
••823
••675
725
1,662
Common stock....
d0
1,349
223
87
85
98
289
166
58
133
130
84
43
188
94
Preferred stock.........
„
d0
23
34
3
29
50
82
59
54
23
25
29
9
49
50
r
Revised.
« Corrected.
1 End of year
2 Estimate,d;- exclu des U.S .S.R., c>ther
Res. Bulletin; t hese revisions resinit from adjustme ntstonew bench marks an d from revisions
Eastern European countries, China Mainland and N orth Kor ea.
s ]^orOct.-Dec. quaJter.
of seas 3nal fact()rs begin ning 195£ .
4 Average of daily figures. s Quarterly average,
§Or increase in earma rked gol d(-).
ITime deposits s t all coir mereial I>anks other than
t Revisions will be shown later as follows: Insuranc e writteii for 1963 (Jan.-A pr., all s€,ries;
those dLue to do mestic coramercia 1 banks and the Ir.s. Govt
|Revised ser es; data prior to
May-Dec., total and ordinary) and 1962 (total and or dinar y); premiums co lected, « an 1964 n ot available. T otal SM SA's inc ude sorrte cities and cou nties not, designated as
July 1953; promts of electric utilities, 1962; securitiesissued, 1 361-62 an d Jan. aiid Feb. 1964.
cf]Includes Boston, Philade Iphia, C hicago, 1Detroit, San Fra acisco- Oakland,
SMSA 's.
Revisions back to 1947 for money supply and related data are available in the Jiine 1964 Fed.
and Lc s Angeles-Long Ileach.
'90:*
SURVEY OF CURRENT BUSINESS
S-20
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1964
1963 | 1964
Monthly
average
May 1965
Mar.
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FINANCE—Continued
SECURITIES ISSUED— Continued
Securities and Exchange Commission*— Continued
Estimated gross proceeds— Continued
By type of issuer:
Corporate total 9
mil $
Manufacturing
do
Extractive (mining)
do
Public utility
do
Communication
Financial and real estate
Noncorporate, total 9 U S Government
State and municipal
New corporate security issues:
Fstimated net proceeds total
Proposed uses of proceeds:
do
do
do_
do
do _.
-
Plant and eouipment
Working capital
Retirement of securities
Other purposes
State and municipal issues (Bond Buyer) :
--do
'902
'193
8
227
54
28
'316
'748 ' 1, 226 ' 1, 036
272
'270
'190
87
16
58
338
339
167
28
16
7
21
'89
31
355
'292
'199
1, 595
383
900
1,598
387
922
3,400
2,449
767
'821 ' 2, 275 ' 1, 167 ' 1, 469
'887
'738 ' 1, 212 ' 1, 019
'979 ' 1, 317
662
'734
'317
'583
'64
72
'89
116
'684
'437
'807
'477
'329
82
'323
'754
'541
'213
'67
199
'830 '2,295 '1,181 ' 1, 489
195
374
217
165
45
20
14
30
174
271
501
195
48
24
22
25
'271
36 ' 1, 387
27
'317
'354
'475
'258
1 020 '1,163
••254
295
35
18
230
222
28
36
••182
91
'321
260
1,615 1,930
888
601
879
842
1,316
399
844
1 007 ' 1, 149
••936
749
'584
450
'352
299
'63
127
'150
130
'697 ' 2, 145
'343 ' 1, 835
'311
'354
'38
'43
'92
'81
2,696
1,444
1,204
1,112
367
660
1, 323
358
952
1,878
367
816
'727
'229
23
47
15
'21
'213
' 1, 805
637
52
205
29
'34
'619
858
416
11
121
26
12
180
675
158
11
169
34
42
213
3,904
3,242
566
1,534
373
1,097
1, 474
433
811
3, 205
2, 129
933
' 720 ' 1, 787
849
663
'553 '1,322
'621
'243
'701
'310
'51
'145
'116
'320
699
346
353
48
103
564
361
203
33
66
811
424
933 ' 1, 003
533
'518
'12?
'587
'305
'282
'58
'93
879
452
844
593
1,204
869
660
515
900
393
922
222
767
458
952
540
816
446
566
354
1,097
296
1488
mil.$_. 1461
i 5, 541 i 5, 101
do
1 1, 210 1 1, 169
do
'4,481 i 4, 132
do
474
5,387
1,231
4,156
458
5,531
1,165
4,428
448
5,458
1,138
4,475
466
5,388
1,146
4, 431
451
5.314
1 114
4,395
465
5,207
1,077
4,281
456
5,241
1,145
4, 231
475
5,205
1,155
4,155
498
5,181
1, 131
4,135
488
5, 101
1,169
4,132
488
519
5,019 5,038
1,254
1,207
3, 940 '3,880
do
do __
do
do
842
457
r247
r%
944
1,044
SECURITY MARKETS
Brokers' Balances (N.Y.S.E. Members Carrying
Margin Accounts)
Cash on hand and in banks
Customers' debit balances (net)
•
Customers' free credit balances (net)
Money borrowed
Bonds
Prices:
Standard <fc Poor's Corporation:
Industrial, utility, and railroad (Al-r- issues) :
Composite c?.
dol . per $100 bond Domestic municipal (15 bonds).
.—do
U S Treasury bonds taxable^
--do.
Sales:
Totnl, excl. U.S. Government bonds (SEC) :
All registered exchanges:
Market value - -mll.$_.
Face value
do
New York Stock Exchange:
Market value
;
do....
Face value
---• do__ _
New York Stock Exchange, exclusive of some
stopped sales, face value, total
mil. $..
Yields:
Domestic corporate (Moody's)
percent..
By ratings:
Aa__
A
Baa
By groups-
._ __
do__ .
..do
,__do__ _
501
5,080
1, 264
4,000
96.8
111.3
95.1
111. 5
95.2
109.9
94.6
110.3
94.7
111.6
94.9
111.8
95.2
112,1
95.3
111. 8
95.1
111.0
95.1
110.9
95.2
112.0
95.3
112.6
95. 5
114.0
95.5
95.2
113.3 ' 112. 0
95.0
112.2
86.31
84. 46
84.10
83.84
84.38
84.70
84.70
84. 59
84.31
84.37
84.81
84. 65
84. 56
84. 40
84.48
84. 53
145. 04
137. 82
240. 21
220. 06
257. 85
236 45
242. 20
229 12
247.56
227. 28
197. 81
186. 44
221. 98
211 69
250. 88
218. 21
204. 06
193. 97
211. 88
200. 92
204.50
194 12
215. 95
195. 74
321. 07
295 71
138. 94
132. 17
231.90
211.86
253. 06 288. 43
240. 93 228 37
244.06 282. 05
232. 30 222 06
212. 95 226. 94
252. 29
231 22
235. 66
221 26
238. 63
218. 63
190. 38
178. 75
212.29
201 31
227. 75
206.52
189. 71
180. 23
203. 14
192.02
195. 35
185. 17
203. 26
185. 24
305.46
282. 15
200.45
215, 15
190.12
166.90
205.15
222.93
179.45
193.49
196.84
215. 30
258. 65
214.56
4.50
4.57
4.56
4.58
4.59
4.59
4.58
4. 57
4.57
4.57
4.58
4.58
4.57
4.55
4.56
4.56
4 26
4.39
4.48
4.86
4 40
4. 49
4.57
4.83
4.38
4.47
4.56
4.83
4 40
4 49
4 59
4.85
4 41
4.50
4.60
4.85
4 41
4 51
4 60
4.85
4 40
4.50
4.58
4.83
4.41
4.49
4.57
4.82
4 42
4 48
4 55
4.82
4 42
4 49
4.55
4.81
4.43
4.49
4.57
4.81
4.44
4.50
4.58
4. 81
4. 43
4.48
4.57
4.80
4.41
4.46
4.54
4.78
4. 42
4.48
4.54
4.78
4.54
4.80
123.61 210.38
4.43
4.48
Public utility
do
Railroad
- do
Domestic municipal:
Bond Buyer (20 bonds)
do
Standard & Poor's Corp. (15 bonds). .....do
4 42
4 41
4 65
4 52
4 53
4 67
4.49
4.51
4.67
4 53
4 53
4 69
4.54
4 53
4 69
4 54
4 55
4 70
4 52
4 54
4 68
4.52
4 54
4.65
4 52
4 53
4 65
4 53
4 52
4 66
4.53
4 53
4 67
4.54
4.54
4.68
4.53
4 52
4.66
4.52
4.51
4.62
4.52
4 51
4. 63
4.54
4 51
4.64
3 18
3.23
3 20
3.22
3. 32
3.32
3 26
3.29
3 16
3.21
3 20
3.20
3 19
3.18
3 19
3.20
3 26
3.25
3 23
3.26
3 18
3.18
312
3.15
3 04
3! 06
3 17
3.10
316
3.18
3 15
3.17
U.S. Treasury bonds, taxableO..— ... — ... do....
4.00
4.15
4.18
4.20
4.16
4. 13
4.13
4.14
4.16
4.16
4.12
4. 14
4.14
4.16
4.15
4. 15
Stocks
Cash dividend payments publicly reported:
Total dividend payments....
__
mil. $.. 216,188 2 17, 682 2, 377. 0 1,131.1
22,487 22 2 805 240 2 221 2
Finance _ _ _ _ _ _ .
do
28,510
Manufacturing _ _ .
.... do
92 298 1, 542. 9 353 3
3
582
Mining..
.
...
. do
601 110.6
18 2
Public utilities:
2
Communications
_do
1,456 2 1 573 109.6 289 4
2 1, 900 2 2 036 223 8 140 1
Electric and gas
do
2377
Railroads
_ . .
... do
62 4
2422
23 8
2
2
642
57.4
Trade
..
. do
680
66 7
2
2232
Miscellaneous
..do
30.1
268
18 4
Dividend rates and prices, common stocks
(Moody's):
Dividends per share, annual rate, composite
6.42
dollars.6.93
7.05
6.95
7 53
Indust rials
do
6 98
7 56
7 70
PuMic utilities
do
3 21
3 43
3 38
3 38
Railroads.
___
__
do
3 50
3 72
3 81
3 72
4 55
N.Y. banks _
do
4 46
4 57
4 55
Fire insurance companies
-_..___ __do
5.84
6.00
5.90
5^90
613. 3 2, 622. 9 1,243.8
454.2 2, 566. 0 1, 157. 8
475.3 2, 517. 5 1,211.7
488.5 3, 520. 3 1,385.2
104 0 229 3
164 5 1 722 5
3 9 'l!2 3
241 1
362 1
16 6
115 5 273 9
166 2 I 625 2
4 1 111 0
246 4
385 3
17 5
125 8 493 1
175 8 2 282 9
3 2 183 0
374 8
408 1
20 0
214 1 259 6
175.5 1 725 4
117 5
3.6
267. 5
391.2
18.4
35
137 5
57
23 7
11 4
111 6
225 8
63 9
65 6
35 0
288 7
141 1
21 1
70 3
16 8
32
139 7
89
262
11 5
292 1
144 7
31 8
71 7
22 2
27
140 7
65
23 0
'10 8
112 6
236 9
96 8
71 2
43 8
290 8
146 1
19 1
102 1
24 2
20
151 4
91
45.5
12. 1
111 8
233 9
69 8
673
37.6
292.4
152.2
25.7
74.2
22.2
6.97
7 61
3 38
3 72
4 ^5
5.90
6.98
7 61
3 38
3 76
4 55
5.90
7.03
7 68
3 39
3 76
4 55
5.90
7.05
7 69
3 46
3 76
4 55
6.12
7.12
7.32
8 06
3 49
4 00
4 61
6.12
7. 37
8 10
3 68
4 03
4 68
6.22
7.44
8 20
3 73
4 03
4 80
6.22
7.47
8 24
3 73
4 03
4 80
6.22
7.48
8 24
3 80
4 03
4 92
'6.25
7.48
8 25
3.80
4.03
4 92
6.25
Price per share, end of mo., composite— -.-do
202. 32 235. OS 227. 79 229. 62 232. 35
Industrials.-_
do
218 24 258 55 250 46 251 53 255 45
Public utilities
do
102 79 108 76 103 13 104 00 104 11
Railroads..
__do
78.49 94. 01
88.26 88.66 94' Q9
Revised.
i End of year.
2 Annual total.
{Revisions for 1961-62 will be shown later.
9 Includes data not shown separately.
cf Number of bonds represented fluctuates; the change in the number does not affect the
continuity of the series.
236. 24
257 62
105 40
QQ 52
109 9
230 1
65 7
66 2
35 5
7. 05
7 70
3 48
3 91
4 55
6. 12
7 77
3 49
3 96
4 55
6.12
236. 88 242.73 243. 14 241. 05 242.99
260 03 268 38 269 08 268 83 270 21
110 86 112 67 -lie -j i -lie of) 115 54
inn R4 04*. 14 Q8 IS 109 41 Qfi Qfi Q9 RQ
^Prices are derived from average yields on basis of an
O For bonds due or callable in 10 years or more.
240. 48
263 49
110 76
248. 21 245. 38 253.28
278 19 274 90 287 13
118 81 118 85 119 57
Q4 fi9. 94 .16 94! 11
QK ffl
assumed 3 percent 20-year bond.
250. 34
280 74
119 00
SURVEY OF CURRENT BUSINESS
May 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
Monthly
average
S-21
1965
1964
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FINANCE—Continued
SECURITY MARKETS— Continued
Stocks— Continued
Dividend yields and earnings, common stocks
(Moody's) :
Yields composite
percent
Industrials
do
Public utilities
do
Railroads
-- do.__
N Y banks
_ _ _ _ _do__
Fire insurance companies
do._
3.17
3.20
3.12
4.46
3.15
2.51
3.00
2.98
3.15
4.05
2.97
2. 50
3.04
3.02
3.28
4.21
3.02
2. 49
Earnings per share (in dust., qtrly. at ann. rate;
pub. util. and RR., for 12 mo. ending each qtr.) :
U2.43 'U4.39
Industrials
dollars
i 4.99 ' i 5. 41
Public utilities
do
16.29 ' 1 6. 97
Railroads
do-
13. 85
5.02
6.81
Dividend yields, preferred stocks, 14 high-grade
(Standard & Poor's Corp.)
— ._
percentPrices:
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..
4.30
4.32
253. 67
714. 81
138.36
165. 30
294. 23
834.05
146. 02
204.36
4.34
1
3.03
3.01
3.25
4.20
2. 99
2.46
3.00
2.98
3.25
3.92
2.94
2.45
2. 95
2.95
3.21
3.78
2.98
2. 45
2.92
2.91
3.06
3.74
2.95
2.39
2.98
2.96
3.12
3.99
2.90
2.49
15. 15
5.13
6.97
4.37
282. 93 286.09
812. 18 820. 94
139. 25 139. 02
191. 97 196. 15
4.41
2. 90
2.87
3.09
3.98
2.76
2. 52
2.93
2.89
3 03
3.87
2.89
2.56
12.60
5.26
7.26
3. 03
3.00
3.19
4.35
2.99
2.62
2.97
2.92
3.13
4.22
3. 08
2.56
3. 01
2.96
3.14
4.26
3.25
2.55
4. 29
4.25
4.25
289. 33 290.08 302,02
823. 12 817.63 844. 24
140. 86 141. 56 147. 3.7
202. 08 206. 59 218. 78
298. 13
835. 30
149. 24
211. 25
305. 85
863. 55
151.85
214. 44
311. 73
875. 26
153.93
222.00
4.23
4.18
311.04 304.50
880.04 866.73
154. 33 154. 49
217. 16 206.46
311.84
889.89
158.09
210.34
4.25
3.05
3.00
3. 20
4.28
3.33
2.59
2.95
2.87
3 18
4.28
3.24
2 51
15.85
5.45
'• 15. 96
'r 5. 41
6. 97
r
4.37
4. 41
2. 95
3.00
3.02
4.17
2.93
2 60
4.22
4.26
4.28
313. 79 315.14 317. 55
894. 41 896.44 907.71
161.31 161.61 162.25
210.01 212.26 212. 19
69.87
81.37
78.80
79. 94
80.72
80.24
83.22
82.00
83. 41
84.85
85.44
83.96
86. 12
86.75
86.83
87.97
73. 39
63.30
62.28
64.99
37.58
86. 19
76.34
73.84
69.91
45.46
83. 64
75.48
70. 15
66.78
42.88
84.92
76.52
70.93
67.30
43.27
85.79
76. 50
72.67
67.29
44.86
85.13
75.85
72.42
67.46
46.29
88.19
77.76
75.47
70. 35
48.93
86.70
75. 91
75.40
71.17
47.17
88.27
77.97
77.74
72.07
47.14
89.75
79.13
79.08
73.37
48.69
90.36
78.97
79. 18
74. 39
48. 01
88. 71
77.24
77. 58
74.24
45. 75
91.04
80.19
79.69
75.87
46.79
91.64
82. 52
80.74
77.04
46.76
91.75
83.62
81.50
76.92
46.98
93.08
84.85
83.78
77.24
46.63
36.75
74. 81
63.38
39,64
77. 54
67.20
38. 49
76. 90
67. 06
39. 20
77.17
67.07
39. 88
77. 66
67. 62
38. 91
76. 69
66.96
39.78
76.98
68. 31
39.71
76.58
68. 27
41.60
77.48
68.46
41.75
80.50
67.99
41. 61
81.20
66.82
40. 08
76.08
66. 14
40.40
75. 13
•66. 80
39. 43
73.30
68.47
38.96
71.13
68.26
40.00
71.81
69.49
6,012
170
6,401
185
6,982
210
6,072
168
5,681
154
6, 181
170
4, 828
139
5,823
168
6, 245
185
5 195
155
5, 773
170
5,959
179
6,330
182
7, 198
217
5,035
124
5,325
137
5, 933
156
5,196
125
4,745
114
5,266
125
4, 106
100
4,914
120
5,268
131
4 371
108
4, 872
121
4, 918
127
5,291
131
5, 979
152
103
114
124
99
96
103
82
110
107
94
104
109
112
125
Shares listed, N.Y. Stock Exchange, end of mo.:
Market value, all listed shares _ _ _ _ :
_bil. $._ 386. 63 454. 14
Number of shares listed
__
millions.. 7,906 8,732
436. 79
8, 301
441. 72
8,378
447.62
8,480
458. 12 472. 02
8, 981 9,010
476 39
9, 095
Industrial total (425 stocks) 9' _
do.
Capital goods (122 stocks) ._
do____
Consumers' goods (188 stocks)
do
Public utility (50 stocks)
do
Railroad (25 stocks)
_
__ do.
Banks:
New York City (10 stocks)
_do____
Outside New York City (16 stocks)... .do
Fire and casualty insurance (22 stocks) f__do_
Sales (Securities and Exchange Commission):
Total on all registered exchanges:
5,359
Market value
- . mil. $
153
Shares sold
__
millions. .
On New York Stock Exchange:
Market value
mil. $__ 4,574
113
Shares sold (cleared or settled)
millions. _
Exclusive of odd-lot and stopped stock sales
96
(NY. S.E.; sales effected)
millions-
455. 01 464. 54
8,841 8,941
472 15 474.32 491 85
9,136 9,229 9, 292
119
493 48 490 25 506 58
9,336 9,481 9,516
FOREIGN TRADE OF THE UNITED STATES
FOREIGN TRADE
Value*
Exports (mdse.), incl. reexports, totalJO
Excl. Dept. of Defense shipments.Seasonally adjusted __
By geographic regions: A
Africa
Asia
Australia and Oceania.
Europe....
Northern North America.
Southern North America..
South America
_
mil. $__ '1,945.8 '2,203.5 '2,193.3 '2,224.7 '2,273.8 '2,116.1 '2,121.3 1,972.7 2,139.1 2,290.3 2,267.0 2,613.0 1,247.4 1,598.1
_do_. 1,868.7 2,135.0 2,140.2 2,138.0 2,220.9 2,047.4 2,045.9 1,899.6 2,084.7 2,258.9 2,182.9 2,560.9 1,188.1 1,513.7
_ _ _ _ _ _ _ _ _ _ _ _ d o _ _ _ _ ' 82. 7 ' 101. 6 '94.1 ' 100. 0 '115.6 ' 104. 6 ' 103. 3
93.5 '93.5
do
r 401.1 ' 435. 5 ' 402. 3 ' 412. 6 '453.2 ' 373. 5 ' 440. 3 '318.4
422.9
_________do
••44.3 ' 61. 5 '54.8 '48.8 ' 59. 6 '63.8 '64.0 '68.9 '75.6
do
'• 593. 1 ' 692. 0 ' 752. 9 ' 702. 7 ' 704. 0 '629.2 ' 633. 0 554.3 ' 639. 4
_do
' 343. 3 ' 395. 6 '408.2
426.2 ' 425. 8 ' 416. 5 365.8 380.3 ' 389. 4
^
do_.__ r 145. 1 ' 170. 4 ' 161. 5 ' 169. 6 ' 167. 4 '180.3 '169.1 '156.2 ' 175. 0
_
do
' 153. 6 '176.9 ' 162. 5 ' 163. 5 '189.0 ' 182. 1 ' 167. 3 ' 175. 8 ' 188. 6
By leading countries:
Africa:
United Arab Republic (Egypt Reg.)___do
Republic of South Africa..
do__—
Asia; Australia and Oceania:
Australia, including New Guinea... do
India
_______
do
Pakistan
do
Malaysia© _.
__
_do
Indonesia.
_
do
Japan.
Europe:
France
East Germany
West Germany
2, 074. 0 2,061.1 2,061.8 2,034.2 2,122.9 2,108.8 2,235.3 2,154.8 2,196.8 2,430.4 1,217.3 1,592.7
_._____do___.
do
___
_do
do_
do
97.8
447.4
67.3
719.6
122.1
575.5
64.8
825.4
33. 9
273.7
24.2
352.2
49.1
283. 7
63.3
509.3
'429.7
' 184. 4
' 172. 3
390.9 '432.7
177.1 204. 3
191. 1 225.2
296.9
126. 5
73.3
354.1
142.4
116. 4
17. 5
••23.2
'22.3
'32.8
21.1
'31.2
23.5
'28.9
29.6
24.2
'37.7. '34.3
'18.9
'33.2
20.8
'32.6
18.1
'30.1
21.6
40.7
19.3
30.8
34. 7
37.3
6.9
14.6
5.5
23.7
' 37. 1
'68.1
32 3
'52.3
'79.6
31.3
6.4
'48.3
67.5
15.7
6.1
'40.7
76.1
20.0
6.0
' 50. 1 '54.7
'99.2
55.1
38.4
'30.7
6.4
6.1
'53.9
87. 6
40.4
7.5
'58.0
53.1
34.3
'7.7
'65.6
88.6
32.2
6.6
'61.8
.91.1
34.9
5.7
58.4
80.7
38.1
6.3
55.6
104.2
44. 3
6.7
19. 5
41.9
14.2
4.3
56.1
28.3
13.3
5.6
4.6
6.0
32.6
29.5
139. 9 ' 155. 7
7. 4
27.1
164. 0
7.5
30.1
212. 6
1.7
13.9
116.6
2<5
21.2
135. 8
55.2
.8
114.2
64.6
.8
104.0
82.8
2.7
139. 5
42.3
.1
59.6
49.5
1.6
89.2
'9.1
'5.7
4.0
2.2
3.2
3.3.
5.7
4.3
26.9
30.0 '29.4
30. 4 '28.8
31.3
32.6
28.2
'142.6 ' 159. 0 ' 168. 5 ' 155. 4 '146.2 ' 129. 5 ' 147. 7 '136.7
'56.8 '66.8
.5
1.7
'93.4 '109.2
'71.5 '66.5 '71.8
.5
1.8
4.6
' 113. 6 ' 118. 0 '113.5
Italy—
__________
_
do
'73.7 '69.3 '83.0 ' 78. 0 '62.0
Union of Soviet Socialist Republics
do
1.7 '12.0 '55.2
22.2
13.8
United Kingdom
do
' 96. 9 ' 122. 4 ' 121. 8 '107.5 '111.3
'Revised.
p Preliminary.
1 Calendar year total.
cf Number of stocks represents number currently used; the change in number does not
affect continuity of the series.
9 Includes data not shown separately.
tRevised series;
iormer series covered fire insurance only.
JRevisions for various periods prior to Feb. 1963
will be shown later.
OBeginning Jan. 1965, data reflect adoption of revised export schedule;
111. 9
' 446. 6
' 72. 1
' 733. 4
'61.6 '59.2
1.1
.3
'97.6 '100.2
' 56. 1
1. 8
107.9
'68.3
7.3
108.0
51.3
.3
93.6
67.0
.5
119. 1
49.7
' 67. 9
66.8
70.5
82. 0
33.1
55.7
2.8
1.2
.8
1.8
.2
5.6
2.1
105.8
125.8
151.2
138.6
143.6
67.9
107. 7
in some instances,, because of regrouping of commodities, data may not be comparable with
those for earlier periods.
Iflncludes grant-aid shipments under the Dept. of Defense Military Assistance Program, as well as economic aid shipments under other programs.
A Excludes "special category" shipments.
O Country designation established Jan. 1964.
SURVEY OF CUEEENT BUSINESS
S-22
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963 | 1964
Monthly
average
May 1965
1964
Mar.
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Valnei— Continued
Exports (mdse.), incl. reexports— Continued
By leading countries—Continued
North and South America:
Latin American Republics, total 9
Argentina
Brazil
Chile
Colombia
Cuba
IV^exico
' 343. 3 ' 395. 4 '408.2
do
'266.7
do
do
do
do
do
do
'15.8
' 31. 9
13.5
' 20. 1
3.0
'71.5
'42.4
'425.8 '416.5 '365.7
380.3 '389.4 '429.7
390. 9
432.6
296.9
354. 1
'298.1 '325.4 ' 318. 7
328.8
376.6
164.4
228.2
26.4
'41.5
18.2
18.1
0
'95.7
' 48. 0
28. 1
37.4
15.4
18.6
0)
95.8
49.7
34.5
33.3
21.6
23.3
0)
103.8
60.4
11.2
10.5
7.3
7.2
0
74.7
21.7
15.0
13.9
10.2
11.8
0)
81. 0
34.3
'21.8
'32.2
'15.0
' 20. 5
I1)
'89.7
.' 50. 0
1,921.7 2, 173. 8
Exports of U.S. merchandise, totalO---------do
1,838.9 2, 102. 1
Excl military grant-aid*
do
By economic classes:
242. 0
Crude materials
do ___ 214.7
189. 4
211.6
Crude foodstuffs
do
140. 5
124.
8
Manufactured foodstuffsand beverages— _ do__ —
273.6 333.9
T5M } Vi A
^ '.a
_
j
1,107.6 ,1, 237. 6
1, 030. 9 1, 169. 5
Excl military grant-aid*
do
By principal commodities:
529.0
465. 4
Agricultural products, total 9
-do
Animal and vegetable oils and fats*
Cotton unmanufactured
do
do
Grains and preparationst
do
_
AUiomoDiies, pa is, a
i / eiiiicdib du r
p
Other industrial
Petroleum and products
flfw«wnr1pq
' 16. 8
' 31. 7
12.6
' 17. 4
'93.6
' 48. 0
'19.5 '19.2
'32.4 '33.0
16.7 '14.3
'24.6 '21.4
0
0)
' 84. 3 ' 104. 5
'58.5 '57.0
'23. 3
'26.7
13.1
' 19. 3
0.
'89.3
50.5
24.3
35.5
13.4
19.2
0
'82.4
'46.8
17.5
32.5
'16.3
21.7
0
'99.4
47.6
2,164.3 2, 187. 9 2, 241. 9 2,084.4 2, 094. 8 1, 944. 5 2,112.1 2,261.4 2, 242. 4 2, 577. 6 1, 230. 7 1, 575. 5 2, 942. 0
2, 107. 6 2, 093. 2 2, 183. 5 2, 008. 1 2, 020. 0 1,868.5 2, 057. 5 2,226.1 2,158.3 2,525.5 1,171.4 1,491.1 2, 859. 6
215.5
219.1
207.6
218. 2
217. 9
252.8
288.9
327.9
280.8
190.3
228.3 232.5
233. 1 182.1 177. 6
203.1
235.7
210.7
226. 6
172. 0
135.8
145. 2
172.1
134.9
144.8
116.3
155.9
125.9
153.8
136.5
326.4
323.4
333. 3
350.4
410. 3
330. 9
333.1
324. 6
349.5 334. 5
1, 245. 3 1,271.8 1,295.2 1, 210. 6 1,208.3 1, 118. 2 1, 195. 1 1,252.6 1, 237. 6 1, 440. 7
1,193.3 1, 185. 5 1,243.2 1, 142. 9 1, 133. 8 1, 045. 1 1, 140. 7 1,221.2 1, 153. 5 1,388.6
530.8
521.1
528.9
459.1
479.3
419.5
493.8
571.0
607.9
669.2
33.1
64.4
33.3
238.2
14.5
30.0
33.3
51.7
28. 8
244.0
12.6
30.5
36.1
49.5
34.5
238.4
16. 7
33.5
32.9
50.7
37.8
180.3
14.9
41.2
40.0
91.5
32.3
171.1
13.0
37.0
41.3
16.6
35.8
174. 4
12.5
34.6
36.7
24.5
42.5
204.2
13.3
73.0
31.8
38.6
50.2
205. 0
16.6
58,1
36.3
50.9
35.5
231. 3
15.2
58.2
53.5
97.9
38.1
232,6
19.3
73.4
227.4
233.9
224.6
271.6
25.0
2 6. 6
34.2
25.3
30. 7
125.5
12.8
12.4
292.0
2 108. 5
223.1
235.7
127. 7
135.6
27.0
48.6
1,444,7 1, 636. 6 1, 620. 5 1, 649. 1 1, 696. 6 1,608.3 1,608.8 1,522.1 1,618.0 1,686.5 1,634.5 1,908.4
143.4
193.8
42.1
74. 6
149.0
191.9
30.5
67.2
148.4
182.6
34.3
68.7
156. 5
187.4
44.9
81.7
144.6
183.5
45. 6
83.4
111.6
199.4
39.8
82.5
120. 8
197.9
50,6
81.7
140.7
212.3
41.6
73.5
133.8
200.5
47.8
77.6
141.4
192.6
36.0
69.5
174.1
234. 8
37.9
85.0
do
453.4
528.7
542.7
521.5
575. 2
513. 7
517.2
458.3
507. 8
554.4
520. 1
636.7
19.1
45.6
128. 4
43. 4
249.3
23.9
45.5
123.0
44.4
264.2
23.8
49.8
122.6
39.8
246.1
22.6
53.7
133.2
46.4
274.8
19.7
50.2
119.9
39.7
240.3
20.8
48.4
116.9
45.9
241.1
19.1
41.2
109.8
37.1
218.3
14.1
46.2
122.5
38.3
242.8
14.5
48.0
139.9
46.8
258. 2
16.5
41.0
137.7
42.4
242. 1
18.1
47. 5
156.4
58. 6
299. 2
3 17.9
30.2
do
do
15.2
35.2
113.4
37. 0
216. 5
41.0
57.8
39.3
67. 1
38.4
70.7
41.8
68.2
35.8
71.0
39.4
68.2
43.3
59.7
40.8
60.0
36. 1
66.8
41.7
72,5
37. 2
68. 0
44.2
78.7
326.8
25.1
Iron and steel prod. (excl. adv. mfs.)_._do
T t
art<? arid
Electrical
35.8
57. 5
36.2
215.0
15.1
45.4
17.3
'26.8
'13.1
'20.9
0)
'78.3
' 49. 1
125. 5
3 161. 9
40.2
57.4
s
Machinery total §9
26.6
48.9
37.2
191.7
12.3
43.6
426.2
'309.5 '286.5 '297. 1 ' 319. 1 ' 328. 6 '301.6
do
do
1,428.5 1,557.1 1,590.2 1, 560. 6 1,455.7 1, 593. 7 1, 610. 7 1, 491. 0 1,561.8 1, 613. 0 1,671.7 1,755.0 1,112.9 1,463.6 2,040.2
General imports total O
do
1, 519. 5 1,540.6 1, 539. 4 1, 518. 4 1, 578. 1 1,574.9 1,546.4 1,547.7 1,697.7 1,642.2 1,206.4 1,600.5 1,869.0
Seasonally adlusted©
do
By geographic regions: O
89.2
83.7 '67.9
66. 9
64.8 ' 76. 4 '90.0 '86.8
65.8 '66.2
70.5
79.6
27.9
84.0
82.7
Africa
do
432.4
291.7
' 266. 0 ' 301. 5 '282.8 ' 276. 0 '278. 0
316.7 ' 334. 1 339.1 ' 336. 3 315.8
329.3 217.1
322.6
Asia
do
57.7
36.6
36.1
21.3
33.4
32.5
38.3
45.6
43.7
37.6
41.8
41. 2
32.5
20.8
32.6
Australia and Oceania
do
628.4
'401.1 ' 442. 3 '454.8 ' 448. 6 ' 409. 9 446.4 ' 460. 7 ' 377. 3 '426.7
519.4
239.0 422.6
466.7
503. 3
Europe
do
409.9
325.
5
'353.7
'
337.
1
319.
4
'
341.
3
380.
4
'
363.
4
'336.5
'
372.
4
381.5
325.
7
372.3
388.8 '362.1
Northern North America
do
136.6
146.2
' 143. 5
181.1
'127.2
152. 0
162.2
137. 0 ' 140. 2 ' 115. 7 102.2
124.4
' 123. 2 ' 123. 2
147.6
Southern North America
do
209. 1 234.9 '211.2
240.1
188.0
'207.6
166.6
202. 7
185. 4
198.8
212.4
156.5
202.3 242.6 259.3
South America
do
By leading countries: 0
Africa:
'1.4
5.0
.3
1.7
2.5
2.0
1.0
3.8
1.9
1.3
.4
.5
.. 9
.5
.8
United Arab Republic (Egypt Reg.)—.do— _.
19.5
20.8 '20.8
22.8
21.6
19.9
21.3
19.3
Republic of South Africa
do
16.2
27.6
16.9
18.6
20.1
24.5
8.0
Asia; Australia and Oceania:
35.6
23. 4
16.8
26.6
16.1
18.5
32.2
24.4
24.8
Australia, including New Guinea
do
17.8
17.0
26. 8
23. 8
23.4
26.3
46.2
25.4
24.5
20.1
24.0 '28.0
25.7
India
.
!__
do
28.4
19.8
30.7
25.0
29.9
15.2
26.0
26.7
6.2
3.3
2.0
3.8
3.5
3.2
3.9
Pakistan
_
do
3.7
3.0
3.0
1.0
3.5
2.7
2.5
3. 7
19.3
13. 3
9.5
10. 9
Malaysia©
do
14.8 '10.7 '12.0
13.3
21. 0
15.3
13.0
6.8
11.9
12.2
16.9
14.1
9.4
12.2
15.0
15.2
Indonesia
do
11.7
15.8
10. 3
15.2
14.6
15.2
16.0
12.9
14.7
34.3
32.3
29.7
21.7
34.9
19.8
'34.8
31.3
44.1
Philippines
do
33.4
36.6
39.3
25.8
33.1
32. 8
218.4
154.5
124.8 ' 147. 4 '133.2 ' 143. 1 ' 121. 6
Japan. _
do
154.7 ' 166. 7
108.3
155.8 '175.1
159. 5
161.7
165. 8
Europe:
61.2
41. 5
France
^___
do
' 35. 9 ' 41. 3
39.5
41. 5
43.9
20.5
45.5
42.8
38.4 '33.6
45.2
43.0
50.6
.7
.5
.3
.6
.4
.5
East Germany
do
.7
.6
.4
.1
.3
.9
.5
.7
.6
133.5
97.3
83.6 ' 97. 6
106. 1 ' 97. 8 '87.5
West Germany
do
46.0
99.7
102.7
' 74. 7
119.7
101. 8
97.8
113. 5
59.3
41.1
43.9
37. 9
Etaly___
do
40.3
35.2
41.2
45.1 '47.6
22.1
48.6 '45.3
48.8
48.2
56.1
1.5
4.1
1.7
1.0
1.3
.9
2.4
Union of Soviet Socialist Republics
do
1.7
2.1
4.7
1.9
1.9
1.6
2.1
1.9
126.1
91.7
89. 9 '95.1 '89.8 ' 93. 5
91.1
United Kingdom
do
' 101. 4 '85.6
57.6
100.7
101. 3
92. 3
103.3
112.8
North and South America:
409. 8
Canada _
__
__
do
325.2
319. 1 '353.4 ' 336. 4 '341.2 '336.9
380.1 ' 372. 1 '362.6 ' 372. 0 388.6
325.6
381. 4
361.7
359:5
Latin American Republics, total 9 _ _ _ _ _ d o — _ 287. 6 '293.7 '338.8 ' 314. 8 260.4
222.3 280.4
280.6 ' 288. 8 ' 247. 3 265.3 275. 1 321.1
352. 4
Argentina
do
8.4
11.5
9.3
10.4
13.7
9.4
10.8
12.3
6.1
7.7
6.5
7.1
11.7
7.5
6.7
BraziL— _
__ do
49.6
24.6
46.8 '44.5
60.7
53.8
23.6
32.5
16.6
36.7
31.9
46.5
71.4
59.2
36.6
Chile________
_
do
15.1
18.4
18.2
15.7
20.9
17.3'
9.4
19.3
17. 6
28.8
19.7 '17.9
18.6
20.0
14.2
Colombia __ _
do
26.2
17. 3
23.4
20.7
8.4
23.2
24.5
17.3
21.1
35.5
18.9
25.1
28.5
15.8
34.0
1
1
1
Guba__________
do
0
0
(0
0
C)
0)
C)
0)
••c43.7
)
0)
(')
0)
0)
0)
Mexico..
do
64.7
49.5 ' 53.6 ' 67. 4 '71.5
50.5 '55.2
55.9
54.4
48.5
30. 6
46.6
39.7
Venezuela
do
se!o 96.8
' 78,0
79.7
87.2
75.7
92. 7
66.2
81.8
80.0
76.5
77.0
69.2
85.7
82.5
r
2
Revised.
p Preliminary.
i Less than $50,OOC).
Se enote"(y on p. 3-21.
3BetReirised to QClude
i
SJ[TC iteiris classifi ed as "e<jreals an d preparations"; not com parable
ginning Jan. 1963, excludes exports of certain fert ilizer ma terials, <3oal-tar £ind synt hetic
with clata pub ished in the 1963 BUSINE ss STATL3Tics and in SURIPEY issueis prior t o Nov.
resinous products, chemical specialties, etc.; in 1962, such exp orts tota led $52.6 mil.
1963.
J'See similar note on p. S-21; for exports, see also note "T' on p. S-21.
AM anufactu res of tot>aceo are included in then onagricu Itural pr aducts tc tal.9 Includes data not shown separately.
QSee sinlilar note on p. S- 21.
§Ex dudes "special ca tegory, type 1" exports,
cfData for semimanufactures reported as "speci al categ<3ry, type5 1" are : ncluded with
0F<3r certain recent nlonths, t he data 1by regioris and c<mntries exclude imports i[inideafinished manufactures.
*New series. Data for pe riods no t shown may be c>btained from
tified by area c)f origin.
®Co untry de signation establisltied Jan. 1964.
Bu. of Census reports.
SURVEY OF CUREENT BUSINESS
May 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
S-23
1965
1964
| 1964
Monthly
average
Mar
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOREIGN TRADE OF THE UNITED STATES—Continued
FOREIGN TRADE— Continued
Value J— Continued
Imports for consumption, total
___
mil.$__ 1,417.0 1, 550. 0 1,565.3 1,553.8
By economic classes:
287.0
274.1 267. 8
1261.7
Crude materials..
...do
169. 5
202 4 199 2
143.8
Crude foodstuffs
do
151.0
Manufactured foodstuffs and beverages do
166.5
150.7 142 6
332. 3
1312 7
339 0
Semimanufactures
do
343 1
611.3
601.1 602 7
Finished manufactures
do
533.2
By principal commodities:
342.0
A erlcultural products, total?
do
383.1 362.7
334.8
11.3
79.7
16. 4
50.9
18.8
Cocoa (cacao) beans, Incl. shells
...do
Coffee
_
do
"Rubber, crude (Incl. latex and guavule). do
Susrar (cane or beet)
___
do
Wool and mohair, unmanufactured. -do
Monasrlcultural products, total 9 ------ — do
Furs and manufactures
_do
Iron and steel prod. (excl. adv. mfs.)._ -do
Nonferrous ores, metals, etc.:
Bauxite, crude*.
_ _ _
do
Aluminum semlmfs. (Incl. calcined bauxite)*
mil. $..
Copper, crude and semlmfs.*
do
Tin, Including o r e
_ _ _ _ _ _ do
Paper base stocks ^
Newsprint
Petroleum and products
,
_
do
do
do
Indexes
Exports (U.S. mdse., excl. military grant-aid) :f
Quantity..
_____
_
.___ 1957-59= 100__
Value—
_--do
Unit value____
___-_
do
Imports for consumption:
Quantity..
_
do
Value...
_______.._
do
Shipping Weight and
Waterborne trade:
Exports (incl. reexports):!
Shipping weight
Value... _..___
_ _ _
General imports:
Shipping weight____
Value
_
Airborne trade:
Exports '(Incl. reexports) :f
Shipping weight.
Value
General imports:
Shipping weight
Value
10.9
100.0
16.7
38.2
17.1
15. 2
125 7
19.4
37.2
17.4
1,567.7 1 643.5 1, 655. 1 1,720.4 1, 138. 1 1, 488. 6 1, 999. 2
1,431.6
1,575.0
1,613.4
1,489.8
270.4
147.4
149.2
311 1
555. 7
291. 5
140.4
163. 0
340, 1
641.8
325.0
145 0
148 "8
333 9
662 4
-302. 1
136 9
143. 5
322 7
585.5
300 1
155 8
164 2
314 3
633 5
296 1
182 1
168 6
331 5
665 1
282.7
202. 6
176.7
337. 1
655.9
313.5
200 1
165. 4
357 8
683.6
253.0
78 5
77.3
300 1
429.2
329.9
316.1
318.6
316. 7
341.0
350 9
384.4
372.9
175. 2
8.2
8.1
131 8
13 3
32.1
18.3
84 5
20.2
47.8
17.6
10.3
73.2
13.9
38.9
14.1
8.5
84 7
17 1
49 7
16.0
12.8
77 7
18. 1
33.9
14.1
9.2
90 8
16 4
50 0
17 1
11.2
106 7
13 7
44 6
12 4
8.8
126 9
17.0
43.4
15.9
11.8
116 8
18.9
37.9
22.0
3.8
24 9
7.6
15. 1
15.7
1,083.1 1, 209. 1 1, 184. 2 1,192.7 1, 103. 9 1, 260. 7 1, 296. 5 1, 174. 1 1 226 9 1 292 5 1, 270. 6 1,347.5
* 10 9
59.4
1
9.7
68.3
15 8
59.7
12 0
62.5
91
68.6
81
77.5
62
74 8
4 7
69.1
61
63 5
4 7
71 0
10.2
69 1
11.2
17.3
13.9
962.9
4 7
89 0
15 4
69.4
12 6
13 4
9.5
10.5
9.5
12.2
8.8
10.0
12 9
12. 3
91
10 2
96
10.2
12.1
8.8
16.9
. 21. 6
9.1
16.6
28.4
9.3
17.6
29.8
10.7
17.6
26. 1
7 8
17.8
23.7
7.6
18.9
26,6
7.9
20.5
25 4
10 2
13.7
20.7
14 1
21 8
27 5
83
13 5
30 1
98
11.4
26 1
76
14.5
48.7
10 7
6.5
14.2
4 9
16.9
29.2
83
33.8
30. 1
62.7
57.3
1 149. 1 1 156. 0
35.4
58.7
159. 5
31 9
61.2
156.7
30.4
59.6
137. 1
34.9
65.2
144.8
on q
64 8
165 4
35 2
61.8
152.3
35 3
64 2
147 0
35 1
66 3
142 7
35 6
68 6
144 9
36 7
73 0
174. 3
29 1
53.1
184.8
46 8
53 9
163. 3
J
*125
P128
*>102
Pl42
Pl46
^103
*142
J>146
*103
J-143
v 145
v 102
*148
P151
i> 102
"137
*139
»102
"138
j>141
v 102
127
130
103
"139
v 143
f 103
"150
P 155
P 104
" 144
" 150
" 104
"169
"175
"104
*127
P122
*96
*135
*133
*136
fl35
*134
P134
v 100
j-125
*123
*137
'136
v 141
P139
131
128
v 137
"135
P 143
"141
" 144
"142
"150
"148
*> 99
Value
thous. sh. tons.. 13, 084 14,254 12, 673 13, 415 15, 134 14, 191
_
mil. $ 1,257.2 1, 416. 9 1, 384. 3 1,362.0 1, 489. 1 1,299 7
thous. sh. tons__ 17,707 19,401
_
mil. $
1,031.9 1, 107. 9
thous .sh. tons
mil $
thous. sh. tons.!
mil $
14,346 15 300 14 774 16 426 14 628 14 962
1 365 5 1 268 4 1 405 0 1 503 6 1 491 2 1 750 2
18,121 21, 308 22, 763 22, 031 20 161 19 686 *20 419 19 403
1, 059. 7 1,146 9 1 183 9 1 0967 1 020 1 1 137 0 1 213 4 1 250 1
16,787
1,119.9
18,025
1,120.5
12.9
153.5
12.9
149.6
12.9
144 8
13 4
148 8
12 0
128 2
14 8
151 4
15 8
169 7
13 9
140 2
17 7
187 4
14 9
140 1
3.9
66.8
5.0
76 9
51
77 2
4 5
69 9
53
76 6
73
93 9
7o
89 9
86
108 8
65
89 1
8 4
104 9
67, 518
60, 756
14, 626
5,030
3,224
70, 922
70, 782
22, 319
5,338
3,668
73, 511
59, 440
15,630
5,450
3,747
67, 414
60, 734
15,111
4,861
3,248
21.9
553
21.9
524
'10.3
136.5
13.6
152.7
12.9
150.9
4.7
68.0
5.4
79.7
4.7
4.6
79 4
75.5
TRANSPORTATION AND COMMUNICATIONS
TRANSPORTATION
Air Carriers
Scheduled domestic trunk carriers:
Financial operations (qtrly. avg. or total) :
Operating revenues, total9___
mil, $__ 621. 9
Transport, total 9
.do
617.1
Passenger... ._
_
do
557. 0
Property.
_-__._„_____
____do
40.3
U.S. mail.
_,_do
15.0
Operating expenses (Incl. depreciation) __. do
585. 5
Net income (after taxes).. _ _ _ _ _ _ _ _
do
8.4
Operating results:
Miles flown (revenue)
_thous__ 63, 828
Express and freight ton-miles flown. _ _ _ _ _ d o
49, 195
Mail ton-miles
flown
__
do
14, 167
Passengers originated (revenue).
_do__4, 548
Passenger-miles flown (revenue).— .......mil.- 3,048
68, 506 ^7, 481 4 65, 407 468,022
60, 576 4454,522 44 56, 472 4 59, 014
4
15, 390 415, 488 15,091
14, 823
5, 158 4 5, 008 44 5, 003 4 5, 030
3,490
3, 316
3, 287 4 3, 322
Express Operations
Transportation revenues.
______ _
Express privilege payments..
___„
295.9
228.6
2103.1
229.4
96.8
27.1
Local Transit Lines
Fares, average cash rate..
______
cents
20.5
Passengers carried (revenue)
_ _ _ " _"_"
mil" "
576
Operating revenues {qtrly. avg. or total") "."."mil. $I_ 347.5
21.2
572
20.8
585
341.1
mil $
do
707. 7
4
4
4
646. 8
640. 8
579. 4
4
42.0
4
15. 5
632.6 4 613. 7
4
11.0
710.9
704:6
637.7
45.2
15.7
622. 2
39.1
71, 235
60, 391
14, 337
5,324
3,796
72, 362
63, 842
14, 178
5, 647
4,023
99.9
29.5
21.0
600
21.2
596
Motor Carriers (Intercity)
Carriers of property, class I (qtrly. avg. or total):
3
Number of reporting carriers
1, 004
1,037
Operating revenues, total
mil $
1,446
1,427
Expenses, total
" <_0 ~ 1, 385
1,387
Freight carried (revenue) _ _
" "mil " tons" "
84
84
«nh<5ieT1Sed' /, r Pre]jminaryi Effective Sept. 1963, data reflect adoption of U.S. Tariff
a
e ir el co
ar
certlin ura5?i?m hpSSl, ^ , ? ™P a™e with earlier figures; also, beginning Sept. 1963,
ceiiain uranium bearing materials, formerly shown under crude materials, are included with
Tc,TSUH /U/eSf (m°ntjlly averaSes rgflect this change beginning Jan. 1963). Beginning
2 bSStwfvan~r a"8 and3nirrs- lnd P?troleum and Products reflect, further changes in USTS
* Quarterly average.
3 Number of carriers filing complete reports for 1963
68, 852
58, 871
14,345
5,542
3,910
748 2
742. 2
670 2
49 1
15 4
641 4
48 2
21.2
564
362. 5
69, 376
69, 009
14, 734
5,214
3,530
71, 735
72, 323
16, 145
5,509
3,610
103 2
30.0
21.3
531
21.3
516
21.4
560
335 8
112 5
31.0
21.4
611
21.7
561
21.7
601
21.9
606
1, 029
1,549
1,459
92
4
Ref lects substitution of data for one or two intra- Alaskan carriers. JSee similar note on
p. S-21
9 Includes data not shown separately.
*New series.
Data for periods not
shown may be obtained from Bu. of Census reports.
fRevised to exclude military grantaid shi pments; comparable earlier data will be shown later.
§Excludes "special Category"
shipme nts and all commodities exported under foreign-aid programs as Department of Defense controlled cargo.
^See similar note on p. S-21.
S-24
SUEVEY OF CURRENT BUSINESS
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963 | 1964
Monthly
average
May 1965
1964
Mar.
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
TRANSPORTATION AND COMMUNICATIONS—Continued
TRANSPORTATION— Continued
Motor Carriers (Intercity)— Continued
Freight carried, qtrly. index of volume, class I and
II (ATA)
average same period, 1957^-59 =100 1 126. 3
Carriers of passengers, class I (qtrly. avg. or total):
2138
Number of reporting carriers
136. 4
Operating revenues total
mil $
116.4
Expenses total
do
56.6
Passengers carried (revenue)
milClass I Railroads
Freight carloadlngs (A AR):
Coal
Coke
Forest products
Grain and grain products
Ore
Merchandise 1 c 1
-
do .
do.
do _
do
-do
do
*
Freight carloadings, seas. adj. indexes (Fed. R.V.t
Total
_— —
—1957-59= 100.,
Goal
do
Coke
- do
Forest products
.....do..-Grsin and grain products
do
Livestock
—;
_— —
do
Ore
do
1
137. 6
128.6
135.4
137 o
160
133. 5
129.4
115. 5
159
164.7
143.6
131.1
159
200 8
157 8
132 8
2,406
461
32
156
234
2,453
462
41
163
219
2,078 3 2, 738 32,913
3542
3513
393
345
29
339
3190
154
3187
3208
3223
186
2,403
476
38
154
205
2,114 3 2, 926
293
3578
35
348
147
3198
197
3243
2,396 3 3, 195
3 589
461
357
41
3196
151
3310
201
2,376
455
46
148
221
2,118 32,571
3518
427
44
347
3178
139
3231
180
2,074
410
36
147
178
2,185 3 2, 848
409
3533
36
«47
152
3 193
193
3236
14
147
72
1,290
13
168
53
1,334
10
66
54
1,186
312
312
3271
162
365
366
3
1, 537 31,581
7
224
50
1,248
3 13
8
223
3268
48
363
1,163 3 1, 514
330
16
3264
211
48
358
1,267 31,691
18
154
41
1,292
10
92
37
1, 189
311
381
346
31,460
7
72
39
1,185
sio
8
3164
81
349
41
1,265 31,616
<93
95
88
96
102
52
84
36
95
496
95
113
100
96
49
97
27
98
94
90
92
103
93
50
88
28
98
96
100
111
102
89
42
104
29
99
94
100
118
98
91
46
85
27
96
95
95
129
99
109
48
96
23
95
99
97
127
99
99
54
136
23
100
99
90
125
100
97
46
143
22
103
100
92
109
106
94
46
113
23
106
96
91
99
99
87
46
110
22
102
98
92
98
101
97
42
110
21
103
Financial operations (qtrly. avg. or total) :
Operating revenues, total 9
_
.mil. $._ ,389.9
Freight
—
— do— ,038.6
147. 0
Operatinsr expenses. —
—
do— ,862.9
325. 6
Tax accruals and rents
do
201.4
Net railway operating income
do
162.9
Net income (after taxes)..
..do
3
95
93
100
99
92
42
123
28
97
,464.1 ,362.4
, 113. 9 2,033.8
134.7
144.5
,934.5 1,852.3
325.1 327.6
204.5 182.5
174.5
144. 2
Operating results:
Freight carried 1 mile (qtrly.) — — bil. ton-miles. _ 8 158. 9 s 167. 7
Revenue per ton-mile (qtrly. avg.).__.
cents.. « 1. 310
Passengers carried 1 mile, revenue (qtrly.)— mil— «4,624
.......
162. 1
1.284
4,110
95
100
128
102
75
50
87
28
98
93
98
128
97
88
56
84
26
96
96
96
125
99
104
48
90
26
99
, 481. 4
2,133.8
146.3
, 910. 5
338. 0
233.0
196 4
2,486.5
2, 119. 2
162.3
, 937. 6
332.3
216. 6
175. 4
2,526,3
2,168.7
134. 6
2, 037. 5
302.6
186.1
182.1
168.5
1 287
4,594
167.1
1.293
5,380
172.0
99
99
108
103
97
36
136
21
100
Waterway Traffic
Clearances, vessels in foreign trade:
Total U.S. ports..
thous. net tons— 15, 628
12, 786
2,842
^ United States vessels
..—do
16,854
13, 909
2,945
14,960
12,319
2,641
15,996
12,963
3,034
17,734
14, 684
3,050
18,948
15, 809
3, 139
17,969
14,836
3, 133
18,232
14,982
3,250
17,092
14,092
3,000
5, 454
780
6,184
896
6, 269
965
5,912
866
6,166
1,022
5,902
1,100
6,062
877
6,604
927
6,227
867
9.37
60
109
9. 53
61
rill
8.87
59
108
9.86
67
116
9.18
62
119
9.83
64
113
9.10
56
112
9.89
62
•107
218
216
130
110
88
2, 779
243
237
157
138
94
2,831
218
206
123
101
121
1,000
211
214
148
104
147
1, 276
226
253
161
151
135
2,263
271
356
172
154
147
5,047
314
359
208
173
112
8,067
430
302
210
201
86
7,561
629
_.„ mil—
thous.$__ 10,477
555
9, 441
608
10,457
845.6 911. 5
465.4 493.5
289.7 318.9
495.7
541.3
7 147. 5 7 160. 4
77.4
73. 7
892.1
485.5
311. 2
530.9
156.0
74.5
898. 8
489. 4
313.0
532.3
165.9
74.9
903.1
490.0
315.7
525.0
167.4
75.1
912.3
494.6
318.9
531.3
169.2
75.3
917.0
492.5
324.3
569.1
150.2
75.6
24, 951
22, 014
1,757
25, 181
21, 715
2,075
24, 876
21,812
1,697
24, 708
22, 181
1,085
26, 020
22, 799
1, 886
25, 092
23, 304
498
3,064
2,928
72,527 7 2, 252
U95
7348
3,106
2, 286
475
3,012
2,403
245
3,030
2, 317
328
3,172
2,381
427
6,026
5,077
' 3, 883 4,662
1, 119
982
5,752
4,336
1,192
5, 831
4,251
1,345
5,774
4,379
1,167
5,961
4,598
1,152
Panama Canal:
Total
thous. Ig. tons
In United States vessels.........
do
Travel
Hotels:
Average sale per occupied room
Rooms occupied
;
Foreign travel:
U.S. citizens: Arrivals. _
Departures
Aliens* Arrivals
Departures
Passports Issued and renewed
National parks visits If
Pullman Co. (qtrly. avg. or total)":
Passenger-miles (revenue).
Passenger revenues
...
dollars
% of total
thous..
do
do
do
do__ _.
do
16,740
13, 786
2,954
16,714
13, 942
2,772
6,248«
930
6, 156
847
6,645
830
5,706
779
5,160
652
7,670
822
9.85
65
no
10.24
70
112
10. 11
57
103
9.08
48
112
9.36
56
102
9.54
61
113
9.14
63
119
288
238
218
174
74
3,287
238
195
186
174
56
2,283
191
167
127
116
50
1,061
173
186
123
130
53
654
74
708
95
782
151
977
18,154
14,902
3,252
578
9,818
476
7 989
915.3
492.1
324.3
529.8
167.3
75.9
921.3
497.0
322.6
539.6
165.3
76.4
82835 2
81,518.5
81,005.7
81,715.6
8 488. 9
77.4
25, 113
22, 170
1,840
25,256
22,089
2,106
8 75,432
8864,860
8, 194
3,227
2,503
341
2,885 63,122
2, 423 6 2, 360
M06
105
87,627
8 5, 503
8999
6,087
4,768
1,103
5, 773 66,042
4, 609 6 4, 631
946 6 1, 156
8 19,683
8 15,654
83,144
556
9,500
175
COMMUNICATIONS
Telephone carriers:
Operating revenues 9
mil.$__
Station revenues -_„
_
do__ __
Tolls, message..do— __
O perating expenses (before taxes) _ _
do__ _ _
Net operating income
_ .
do
Phones in service, end of year or mo
___.mil_
Telegraph, cable, and radiotelegraph carriers :
Wire-telegraph:
Operating revenues...
.thous. $_.
Operating expenses, incl. depreciation. ...do...
Net operating revenues
— do.—
Ocean-cablercT
Operating revenues
do
Operating expenses, incl. depreciation
do...
Net operating revenues. __
do
Radiotelegraph : cf
Operating revenues
..do...
Operating expenses, incl. depreciation..— do.. _
r
Revised.
3
Data cover
5
23, 902
21, 094
1,680
1 Annual index.
2 Number of carriers
filing complete reports for 1963.
4
5 weeks; other
periods, 4 weeks.
Based on unadjusted data.
6
7
Quarterly average.
See note "d"."
Based on revised total; monthly revisions
8
not available.
Quarterly total.
tRevisions for 1962 are in the Aug. 1963 SURVEY.
9 Includes data not shown.
^Beginning Jan. 1965, visits to Canyonlands Natl. Park are included; such 1st qtr. 1965
visits
totaled less than 500 (revised).
• ««^i
tf1 Effective Sept. 1964, ocean-cable and radiotelegraph carriers have been classified by FCC
as "international" telegraph carrieis; data have been adjusted insofar as possible to make
them comparable with those for earlier periods.
SURVEY OF CURRENT BUSINESS
May 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown In the 1963
edition of BUSINESS STATISTICS
1963 j 1964
Monthly
average
S-25
1965
1964
Mar.
Apr.
May
June
Aug.
July
Sept.
Oct.
Nov.
Dee.
Jan.
Feb.
Mar.
Apr.
CHEMICALS AND ALLIED PRODUCTS
CHEMICALS
Inorganic chemicals, production:
1,155
1,390
1,233
1, 357
1,374
1, 252
1,271 1,204
1,323
1,378
1, 258
Acetylene
___mil. cu.ft
1, 276
Ammonia, synthetic anhydrous (commercial)
699 6
556 8
636 8
640 2
650 7
620 2
589 3
thous sh tons
630 0
659 7 %636 7
614 1
613 9
84.4
90 2
100 6
85 0
116 0
94 9
108 9
81 2
Carbon dioxide liquid gas and solid
do
91 9
82 8
112 6
90 9
455 3
523.6
480.6
502 5
501 1 482 0
483 4
494 6
500 4
513 5
Chlorine gas (100% Cb)
do
491 1 488 6
103.1
108.7
90.0
106.4
104 1 104. 4
106 0
100. 8
96.6
104 7
102 3
107.3
Hydrochloric acid (100% HC1)
do
420. 1 445. 2
375.1 349. 5 306.5
371.6
353.6
384.1 420. 5
341.0
355. 7
419.5
Nitric acid (100% HNO3)
_
do
10, 705 13 254 13 367 13,107 13 402 12 538 12, 741 13,476 13,264 14, 059 14, 225 14,652
Oxygen (high purity)
mil cu ft
271 9
272 6
286 5 280 3 259 5
248 5
242 1
275 3
268 6
284 8
266 6
278 6
Phosphoric acid (100% P2O«)
thous sh tons
Sodium carbonate (soda ash), synthetic (58%
394.4
390 1 412 6
431 6
408.9
428 3 394. 0
419 1 415.3 435 1 419. 5
428.6
Na2O)
thous sh tons
10 9
12.2
11.7
11 2
11 4
11 2
11 3
11 4
12 3
11 6
11 4
11 3
Sodium bichromate and chromate
do
507.3
508.9
557.0
503.7
525 2
484 5
514 3
534 4
537 0
517 3
539 7
Sodium hydroxide (100% NaOH)
do
518 3
Sodium silicate (soluble silicate glass) , anhydrous
44.1
44.5
53. 7
36.4
46 7
52 3
45 9
53 1
40 5
57 1
54 8
thous sh tons
47 1
Sodium sulfates (anhydrous, refined; Glauber's
114:3
109.2
102.9
111.
2
102
7
116.
1
107.
8
112.1
108 3
102.8
108.0
salt* crude salt cake)
thous sh tons
108 5
1, 744. 7 1, 908. 0 1,983.5 2, 016. 2 1, 980. 9 1,859.1 1,750.2 1, 816. 2 1,846.7 1,957.0 1, 927. 3 2,037.0
Sulfuric acid (100% 1X2804)
do
Organic chemicals, production:^
Acetic acid (synthetic and natural)
Acetic anhydride
Acetylsalicylic acid (aspirin)
Creosote oil
mil Ib
do
do
mil. gal__
1
87 4
106.0
2 4
8.2
DDT
mil Ib
14.9
*9.8
Ethyl acetate (85%)
do
U38
3
Ethvlene glycol
do
J
211 4
Formaldehyde (~3~7~% HCHO"
do
Glycerin, refined, all grades:
25 3
Production
'do
34.3
Stocks, end of month
do
Methanol:
.1
Natural
mil. gal
Synthetic
do __ 129.3
38. 2
Phthalic anhydride
mil. Ib
ALCOHOL
Ethyl alcohol and spirits:
57, 7
Production
mil tax gal
171. 5
Stocks end of month
do
44. 4
Used for denaturation
do
Taxable withdrawals
do
5.3
Denatured alcohol:
23.9
Production
mil. wine gal
24.0
Consumption (withdrawals)
do
Stocks end of month
do
3.0
FERTILIZERS
625
Rxports, total 9 _ _ _ __
______thous.sh. tons
55
Nitrogenous materials
do
Phosphate materials
do
488
Potash materials
do
59
1
1
402. 6
11.6
568. 4
382. 5
11.4
498.1
42.2
48.9
115. 5
104. 0
1,957.9 1, 977. 4
112.6
118. 9
2.2"
10.6
100.0
135.8
2.5
12.0
' • 7. 3
156.3
235. 1
(8)
6.4
169.3
252. 9
(8)
11.1
150.7
238.6
7.5
161. 4
247. p
234.4
229.4
264.3
26.5
32.3
26.2
31.2
25.3
29.6
26.3
30.1
26.2
27,6
31.8
32.6
26. 2
37.3
30.7
32.2
.1
32. 8
44.8
.1
32.2
41.1
.1
31.9
49.9
.1
34.1
56.5
.1
34. 0
47.3
.1
37.7
49. 2
.1
36.1
46.9
.1
31.7
42.7
33.2
50.8
50. 3
183. 4
44.8
5,6
51 8
187. 0
45.7
5.0
55 1
190.0
47.0
4.7
60.2
188.6
45.9
6.2
69 2
184 3
44.8
7.8
60.7
188. 7
47.1
6.7
59. 7
192.9
46. 3
5.5
51.5
186. 3
50.7
4.9
54. 6
191.7
43.5
4.9
24.2
24.4
3.6
24.7
25.3
2.9
25.4
24.8
3.4
24.7
23.7
4.5
24. 5
25.6
34
25.4
24.7
4.0
24.9
25.5
3.4
25. 6
26.4
3.3
23. 4
22.8
4.0
93 4
125. 4
2 7
8.4
82.9
109. 2
2.7
9.1
88 5
115.2
2.1
10.6
87. 5
106.5
2.5
9.8
96.2
111. 6
2. 1
10.7
81 9
116.9
1.9
8.4
894
123.4
2.2
10.0
110,3
8.7
149 5
229. 4
13 3
9.4
138 8
219.5
11.3
7.4
129.3
237.7
13.0
8.0
116.9
225. 2
12.1
11.9
155. 3
229.5
11.0
5.5
154.1
207. 8
8.7
10.5
147.4
236.5
26 4
28.6
28 5
27.6
28.5
26.5
23.7
27.7
28.0
31. 5
22,9
32.0
.1
32.7
46. 3
.1
30.3
44.9
.1
33.9
49.2
.1
34.4
49.9
.1
31.1
48.5
53 7
188.9
43.9
5.4
54.0
189.3
46.7
5.7
53.3
184.9
45.3
5.5
25. 1 . r 23.9
24.8
23.5
3.1
3.4
T
1,271
650.4
80.1
482. 1
98. 1
409.5
14,264
272. 2
94 9
118. 3
2.5
' 9:8
92 8
116.2
2.4
!
9.6
57.0
186.7
45.9
5.6
1,408
679. 3
f 83 6
529.4
114.5
460.1
15, 080
284.1
(3)
114.9
2.4
28.2
' 114. 7
2.0
7.9
126.7
2.5
10.2
10.7
3.3
11. 3
8.8
13.5
9.1
(8)
24.7
24.7
3.5
23. 9
24.7
2.9
798
'67
595
86
704
68
495
94
584
55
468
33
684
63
529
50
827
47
660
60
779
39
592
75
948
63
691
105
936
101
659
108
1 044
117
817
91
744
44
522
122
1,038
135
721
129
4 532
428
* 4408
59
525
39
430
43
224
21
7
117
23
227
20
12
104
25
219
19
14
116
25
239
16
16
119
24
237
12
14
112
30
11
23
99
26
9
24
123
23
Imports, total semimanufactures* 9
do
Ammonium nitrate
do
Ammonium sulf ate.
__
_ _ _ _ do
Potassium chloride
do
Sodium nitrate _
_• _ _ _
_ . do
205
21
20
73
34
233
17
15
100
30
292
17
36
126
22
376
19
43
150
63
173
17
11
65
22
180
11
7
34
50
124
14
4
42
18
Potash deliveries (KjO)
do
Superphosphate and other phosphatic fertilizers
(100%P305):
Production
_ . _
thous. sh. tons
Stocks, end of m o n t h _ ^ _ _ _ _ _
_ _ _ _ do
227
257
369
424
254
66
151
355
189
296
181
196
357
206
269
419
298
381
336
383
337
249
307
249
272
349
247
408
269
422
268
400
307
374
300
411
295
432
303
400
'295
395
-
332
336
MISCELLANEOUS PRODUCTS
Explosives (industrial), shipments, quarterly:
s 236
s 284
141
Black blastingpowder____
_thous.lb
5 301,665 5320,403 262, 470
High explosives.
_ _ _ _ ....
do
Paints, varnish, and lacquer, factory shipments:
165.2
166. 8
Total shipments
mil $
e 157.5
97.8
97.1
Trade products _ _
__
__
do
6 93.8
69.1
68.1
663.7
Industrial
finishes
do
Sulfur, native (Frasch) and recovered:®
499
519
M86
Production
thous.lg. tons
4, 720
4,585
4,875
Stocks (producers'), end of month
do
PLASTICS AND RESIN MATERIALS
Production:
13. 4
15.2
Cellulose plastic materials
__._ mil. Ib
12.7
Thermosetting resins:
Alkyd resins
...
do
48. 5
*50 5 *45. 4
Coumarone-indene and petroleum polymer
1
1
resins..
____mil. Ib
28. 3
27.6
29. 5
1
Polyester resins.
__
do
25. 4
21. 2 11 25. 7
1
67.
8
72. 6
Phenolic and other tar acid resins_..___ do
61. 7
43.1
Urea and melamine resins
______.____do
U3.2 1 43. 9
Thermoplastic resins:
Styrene-type plastic materials (polystyrene)
1
mil.lb
124. 5 1 144. 8 146.3
r
Vinyl resins (resin content basis). _ _ _ _ _ do
146.7 11 169. 5 173. 3
Polyethylene.
do
217. 1 210. 1
H89.2
195
334, 018
310
279 164
186. 0
112. 2
73.8
188. 5
115.0
73.5
197.8
119.5
78.3
183 1
115 6
67 5
181 3
111 5
69 8
176 4
104.2
72. 2
163 1
95 3
67 8
145 8
80 7
65 1
133 7
66 2
67 5
141 3
74.7
66.6
513
4,686
531
4,676
505
4, 614
515
4 501
533
4 483
510
4 445
476
4 360
553
4 562
596
4 403
610
4, 476
r
155 9
85.9
70 0
13.9
12.4
13.7
11 3
12 1
14 6
13 6
14 8
14 2
10 2
12 1
49.0
48 0
49 8
45 5
49 2
45 5
45 7
38 2
39 0
41 9
44 4
29.8
27 2
71.5
45.9
26.2
27 0
67.3
43. 4
27.7
26 7
65 5
43.1
27.5
23 3
53 8
37.4
25 3
25 8
70 4
44.1
34. 4
26 8
70 4
47. 1
32 0
28 4
75 1
49.1
27. 2
25 1
68 0
44. 2
25 3
25 9
69 0
45.3
24. 8
24 5
69 2
43.0
25 4
27 5
68 7
43.3
144.7
174. 4
217. 8
149.7
176. 7
226 6
147.5
170.9
215 9
129.2
156. 8
216 8
144 8
177 9
221 0
143 4
171.4
227 3
150 1
190 4
215 0
155. 1
174.5
216 8
158 0 r 159.8
182 2
178.4
223 8 T 229 1
145 5
168 8
216 2
r
Revised.
1 Based on annual total containing revisions not distributed by months.
Beginning Jan, 1965, data exclude creosote in coal-tar solutions 4(formerly included); these
averaged 927,006 gallons per month in 1964.
s Not available,
See note "Q" for p. S-21.
5 Quarterly average.
e Beginning Jan. 1%3, the estimated totals are based on a new and
larger sample and reflect improved estimating methods, which affect comparability with
data for earlier periods; Oct.-Dec. 1962 estimated totals on the new basis appear on p. S-25
of the Feb. 1964 SURVEY.
2
321
337, 431
289
347,691
185 8
103 4
82 4
cfData are reported on the basis of 100% content of the specified material unless otherwise
indicated.
9 Includes data not shown separately.
*New series. Data exclude some materials (chiefly crudes) shown in the former series.
Monthly data prior to Jan. 19fi3 may be obtained from Bu. of Census reports.
0 Monthly data for 1952-62 (1962 revised) appear on p. 28 of the Dec. 1964 SURVEY; production for Aug. 1957 should read 517,000 long tons.
SUEVEY OF CUKKENT BUSINESS
S-26
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
May 1965
1965
1964
Monthly
average
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
ELECTRIC POWER AND GAS
ELECTRIC POWER
Production (utility and industrial), total O
mil. kw.-hr__
Flectric utilities total
do
By fuels
do
By waterpower
do
Privately and municipally owned util
Other producers (publicly owned)
Industrial establishments, total
Bv fuels
Bv waterpower
84, 007
76 177
62, 393
13,784
89,900
81 646
66, 986
14, 660
87, 987
79, 595
63, 652
15, 942
84,534
76 392
60,092
16, 301
87 226
78 894
63*031
15 863
90, 585
82 294
68, 341
13,953
95, 724
87 606
73 343
14, 263
94 949
86 647
72 763
13,884
89 465
81 376
68 319
13, 057
89 382
80 941
66 907
14,034
87, 976
79 753
65, 600
14, 153
95, 713
87 222
71, 046
16, 176
62 096
14 081
66 942
14 703
64 596
14 999
62 204
14 188
64 155
14 739
67 960
14 334
72 645
14 961
71 588
15 059
67 340
14 036
66 667
14 274
65 530
14 223
71 455 171 187
15, 767 1 16, 792
65 049
15 157
7,830
7,567
263
8,254
7,989
265
8,392
8,075
317
8 142
7 807
335
8 332
8 027
305
8, 292
8,045
246
8,118
7,892
226
8,302
8,084
218
8 089
7,872
217
8, 441
8,197
245
8 224
8,003
221
8, 491 i 8, 642
8,227 1 8, 364
264
i 278
7,930
7,655
275
do
69 234
74,196
72, 692
71 549
71 065
72 775
75, 827
78 514
77,433
73 925
72 557
76, 100
78, 718
77, 124
do
do
13,876 ••15,270 14,121
32,367 34, 113 33,330
14 034
33 643
14 327
34 459
15 551
34 675
17 194
33, 749
17 781
34 829
17 133
35, 080
15 496
34 749
14 339
34 718
15 001
34, 802
15, 265
34, 382
15, 060
33, 944
366
368
384
20 98° 19 431 19 639
589
613
641
1 721 1 712 1 780
174
'l56
143
359
21, 972
599
1, 779
174
367
357
22 966 22, 323
680
638
1 774 1,690
160
169
377
20 648
734
1 767
'l55
432
425
20 413 23, 110
822
789
1 724 1,790
144
148
449
25, 812
865
1, 809
136
441
25, 058
716
1,771
134
do
do
.
_do_.
do
do - -
Sales to ultimate customers total (EEI)
Commercial and industrial:
Small lisht and powers
Larce lisrht and power§
389
do .
do. .. 20, 141
646
__«do-__1,683
do
133
do
Railways and railroads
Residential or domestic
Street and highway lighting
Other Dublic authorities
Interdepartmental
393
21,834
691
f
l, 746
149
409
22,301
693
1,707
130
i%,621 88, 136
*87,979 80 206
170,729 64,447
1 17, 250 15, 759
Revenue from sales to ultimate customers (Edison
Electric Institute)
mil. $.. 1, 141. 4 1, 200. 7 1, 169. 0 1 153 0 1 145 9 1,178.5 1, 236. 5 1,272 4 1, 256. 9 1 201 6 1, 171. 3 1, 221. 4 1.262.8 1, 240. 2
GAS
Manufactured and mixed gas (quarterly) reft
Customers end of quarter total 9
thous
Residential
do
Industrial and commercial do
1, 540
1,439
99
1,197
1,112
84
1,162
1,081
80
792
739
52
801
747
53
495
336
155
667
480
184
369
217
150
156
68
88
357
232
146
59.0
44.3
14.4
75.3
57.0
17.9
42.4
29.4
12.8
16.6
9.9
6.7
34.5
24.3
9.9
Natural gas (quarterly) :d"t
Customers, end of quarter, total 9
__thous._ 33, 940
31, 207
Residential
do
2,695
Industrial and commercial _ _- _. r. _. do
35, 104
32 201
2,866
34,999
32, 163
2, 797
35, 338
32 516
2, 783
36,168
33,184
2,945
mil. therms. . 26, 412
do
8,828
_ do . 16 279
37, 972
17, 093
19 082
26, 699
7,851
17, 378
21,263
3,160
16 673
28, 699
9, 336
17 810
Revenue from sales to consumers, tota!9__mil. $.. 1,620.6
Residential.
do
886.2
Industrial and commercial
_._..do
689.0
2, 533. 0
1.563 0
907.2
1, 579. 9
819.6
712.3
1, 081. 9
425 1
613.3
1. 760. 6
947 2
760 8
Sales to consumers, total?
Residential
Industrial and commercial
- -.mil. therms ~
do
do
Revenue from sales to consumers, total?
Industrial and commercial
Sales to consumers, total 9 >
Residential
Industrial and commercial
—_
_
mil.$~
_ do
FOOD AND KINDRED PRODUCTS; TOBACCO
ALCOHOLIC BEVERAGES
Beer:
Production...
mil. bbl..
8.39
Taxable withdrawals __
do
7 82
Stocks, end of month..
do
10 76
Distilled spirits (total):
Production
~
mil. tax gar__ 12.50
Consumption, apparent, for beverage purposes
mil. wine gal.. 21. 58
Taxable withdrawals
mil. tax gal_. 10.35
Stocks, end of month
do
876 90
Imports
_
mil. proof gal
3 82
Whiskyi
Production—.
.mil. tax gal..
8.74
Taxable withdrawals.,
do.,...
7.08
Stocks, end of month...
...do.... 852. 54
Imports
mil. proof gal3.35
Rectified spirits and wines, production, total
Whisky...
mil. proof gal..
Wines arid distilling materials:
Effervescent wines:
Production
.mil. wine gal
Taxable withdrawals.
_
do
Stocks, end of month
do
Imports
f\n
Still wines:
""""
Production
do
Stocks, end of month..
Imports
do
do"
Distilling materials produced at wineries.. .do
r Revised.
8.82
8 22
11 07
8. 95
7 80
11 30
9.63
8 49
11 82
13. 58
14.05
14.51
9.28
8 73
11 77
10. 31
9 48
11 93
13.38
12.79
8.40
8 27
11 13
7.73
7 65
10 68
6.95
7 03
10 13
8. 65
9.13
8. 10
7 71
9 99
7.75
6 54
10 73
7 34
6 32
11 30
14.36
17.07
16.07
15. 53
15.03
13.96
21.08
21.84
10.51
11.46
874 43 874 54
3 84
3 62
22.28
22. 03
10.91 10.98
874 27 873 92
4 16
3 71
20.94 ' 20. 71 22. 02
9.51
10. 62
12.04
871 904 866 18 863 74
3 7
3 58
4 69
26.18
14. 79
860 08
5 86
27.84
13.30
859 49
6 07
34.24
10.16
862 42
5 70
19.21
9.82
864 86
3 12
18.98
9.85
866 37
3 31
9.41
7.45
841. 75
3 40
10. 95
10.36
7.05
7.50
846. 09 846.91
3 42
3 23
9. 44
8.46
7.05
6.56
846. 76 846. 81
3 71
1 48
5.03
5.72
844. 27
2 85
5.41
6.68
839. 97
3 07
9.69
8.41
837. 21
4 00
11.06
10. 85
832.56
5 19
10. 40
9.60
830. 05
5 46
11.42
6.83
832. 18
5 07
11. 36
6.71
834. 46
2 76
10 66
6. 98
835. 65
2 96
7.24
5 27
7.68
7.24
r -10
7.86
5 CO
7.38
c -I o
7.27
4 Q9
6.35
A. V).
6. 69
4 CQ
8.42
ft in
10.95
8. 26
9. 74
7.65
5. 19
6. 37
6.47
4.45
.40
.35
3.00
.09
r 49
63
34
3.14
.08
53
33
3.31
.08
38
36
'3. 31
.09
68
43
3.49
.09
27
28
3.46
.07
42
35
3.49
.07
43
50
3.38
.09
KQ
50
72
3.00
.20
KA
75
2.66
.13
44
38
2.69
.06
CO
67
3.25
.16
3. 05
.06
1.92
.85
13.25
10.42
150. 89 139. 42
1 91
3.12
12.27
130. 04
59.12
13.84
177. 81
95.09
15.38
251. 82
1.39
13.27
15.01
243.53
1. 86
3.36
6.68
12.35
14.66
231. 23 '218.15
.51
3.04
12.68
207.19
.84
9.84
132. 38
146. 22
35. 19
16.86
13.11
185. 03
1 11
r AC.
45
3.17
.10
16.10
3.40
13. 73
15.96
188. 82 "•185.82
1 91
11ft
39. 41
30.59
6.15
1.84
2.19
13.80
12.86
175. 66 '164.16
Iifi
on
1.79
1.51
24 of the Mar 1964 SURVEY; those for the
-
?otan^theJ comparable on year to vear basis because of changes from one size
9.88
9 40
11 56
23.00
11.10
868 76
4 22
i Beginning Jan. 1965, data include Alaska and Hawaii
.
11.54
10 92
11.77
.86
1.40
18.26
3.48
9Q
5.18
cfThe averages shown for gas are quarterly averages.
JRevised data for 1st and 2d qtrs. of 1962 appear in the Sept. 1963 SURVEY; those for 1st and
2d qtrs. of 1963 will be shown later.
9 Includes data not shown separately.
SURVEY OF CUERENT BUSINESS
May 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
Monthly
average
S-27
1964
Mar.
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
DAIRY PRODUCTS
Butter, creamery:
Production (factory) t
mil. lb__
Stocks, cold storage, end of month _ _ _ _ _
do
Price, wholesale, 92-score (N.Y.)__
$ per lb_.
Cheese:
Production (factory) total J
mil. Ib
American whole milkl
do
118.3
328.4
.690
119.5
179. 7
.599
139.4
191.1
.586
142.7
195.7
.586
153. 5
203.5
.587
142.9
234.9
.587
110.7
243. 7
.591
95.8
221.2
. 604
86.4
180.9
.623
95.0
149.2
.616
96.1
95.3
.629
119.4
66.5
. 604
129.7
63.1
.587
123.5
71.0:
.587
138 6
'98.9
.587
136.0
92.4
141.9
96.7
145. 8
96.5
152.0
106.5
176. 4
128. 3
175. 3
128.1
151. 0
108.7
140.8
97.7
128 9
86.7
128. 5
83.6
122 3
76.9
132 1
83 6
130 9
86.9
125 0
82. 6
150 6
99 9
385.0
Stocks, cold storage, end of month, total,... do
344.9
American whole milk
do
6.9
Imports
_.
:..-.
--. do
Price, wholesale, American, single daisies (Chi.426
cago)
_ -._•
: ...
$perlb__
Condensed and evaporated milk:
Production, case goods:?
6.6
Condensed (sweetened)
mil. Ib
158.1
Evaporated (unsweetened)
__ __do_
Stocks, manufacturers', case goods, end of mo.:
6.6
Condensed (sweetened)
mil. Ib
162.9
Evaporated (unsweetened)
do
Exports:
4.7
Condensed (sweetened)
___
__. do____
5.4
Evanorated (unsweetened)
__do
Price, manufacturers' average selling:
6.
01
Evaporated (unsweetened)
$ per case-Fluid milk:
10,
417
Production on farms
--•_— mil. lb__
5,099
Utilization in mfd dairy products d" do_
Price wholesale ITS average. _
$ per 100 lb__ '4.11
Dry milk:
Production^
7.6
Dry whole milk
._
___mil.lb__
174.7
Nonfat dry milk (human food)
__do_
Stocks, manufacturers', end of month:
5.7
Drv whole milk
_
do
95.0
Nonfat dry milk (human food)
do
Exports:
2.5
Drv whole milk
__
do .
44.6
Nonfat dry milk (human food)
do
Price, manufacturers' average selling, nonfat dry
.144
milk (human food)
$perlb
GRAIN AND GRAIN PRODUCTS
Exports (barley corn oats, rye, wheat)
mil. bu_ 103.4
344.1
302.4
6.5
301. 7
264.0
8.5
323.1
284.0
6.4
352.2
309. 7
7.0
381. 8
339. 2
5.4
398.6
353.1
3.6
386.1
338.6
4.6
363.5
318.6
6.9
345.1
302.5
6.6
335.2
292. 8
9.3
326.0
283 6
8.6
311.8
271 4
1.5
298.8
259 7
6.1
'292.4
'252 4
311.4
269 1
434.
.422
.420
.420
.428
.431
.446
.451
.451
.455
.450
.444
.444
.441
7. 9
157.3
6.7
150.0
10.7
160.8
10.0
208.5
7.2
202.0
8.3
184.0
8.8
174.0
6.8
151.0
7.8
132.5
66
115.5
10.5
127.8
9.3
121. 0
4.6
120.5
80
132 0
8.5
173.9
7.3
69.7
9.1
82.6
10. 0
147.6
9.6
208. 2
9.4
249.7
9.9
286.3
9.6
231.1
10.3
227.3
8. 3
219. 5
6.9
185. 3
7.3
154.5
5.8
123.8
57
99 8
5.2
3.1
3.4
2.4
5.2
3.0
8.6
2.7
5.4
3.0
5.4
3.3
6.8
3.1
3.9
5.3
4.6
5,9
6.8
1. 9
6.5
1.3
15.3
i 2. 1
5. 9
1.7
5.93
6.00
6.08
6.09
6.09
6. 09
6.09
6 09
10,235
9,636
5,012
4,370
' 4. 09 '4.33
9,700
4,291
4.50
9,419
4,112
'4.53
9, 991 10, 342
9,796
4,704 '5,015 ' 4, 873
4.29
4/37
'4.46
11, 155
5 683
'4.17
Barley:
Production (crop estimate)
do
Stocks (domestic), end of quarter, total, _... do
On farms
do
Off farms
do
Exports Including maltf
do
Prices, wholesale (Minneapolis):
No 2 malting
$ per bu
No 3 straight
- do. _
Corn:
Production (crop estimate, grain only) mil bu
Qrlndlngs, wet process
do
Stocks (domestic), end of quarter, total
mil bu
On farms
_____ _._'_
do
Off farms..
do
Exports, including meal and
flour.
do
Prices, wholesale:
No. 3, yellow (Chicago)
.
$perbu
Weighted avg., 5 markets, all grades
do
. 421
5.99
5.98
5.96
5.94
5.93
5.93
10, 550
5,221
'4.16
11,099
5,655
'4.11
11,383
5,904
'3.95
12,356
6,613
3.82
11, 820
6,528
'3.79
10, 874
5,620
3.94
7.6
179.1
7.3
206.7
7.8
217.7
7.4
250.2
6.6
235.6
6.8
181.5
7.5
148.1
8.0
121.7
9.3
125.5
8.1
133.3
8.4
171.3
8.6
186. 2
7.6
182.0
7.5
201.1
6.4
104.3
6.6
'98.9
7.5
104.6
7.1
130.6
6.4
128.6
6.2
127.3
5.9
114.4
6.0
94.7
6.3
87.4
6.0
92.5
7.0
106.7
7. 6
117.4
7.7
127.4
6.7
114.6
1.6
69. 5
.8
88.6
1.1
61.0
1.3
119. 4
.6
107.1
2.4
93.5
.9
65.5
6.1
65.1
.8
51.5
.7
66.9
1.1
49.7
1.7
18.3
1.2
7.6
.146
.146
.146
.146
.146
.143
.146
.148
. 148
. 146
.146
.145
. 146
118.8
123.4
126. 6
129.8
96.8
91.8
99.7
115.4
154.6
129.7
67.7
2 403. 1
'3271.8
3 161.0
'3110.8
6.1
233.4
131. 6
101.8
2.9
5.6
12.6
4133.9
4
60. 9
4
73.0
7.7
2.0
3.4
409.6
260 9
148.7
6.0
1.21
1.13
1.18
1.10
1.22
1.14
1.23
1.16
1.19
1.11
1.18
1.08
1.16
1.06
1.23
1.17
24,092 2 3, 549
15.4
16.1
17.4
16.5
17.2
17.0
15.2
15 7
15.9
2405.6
3 285.9
3166.9
3119.0
4.8
1.19
1.11
32,720 '32,769 '3,302
3 1,786 '31,803 ' 2, 292
3934
3966
1,010
36.6
40.1
33.5
42.4
35.4
2 344
1, 481
863
28. 0
1.24
1.24
' 1 28
1.27
1.26
1.24
4
32.8
1. 22
1.21
116. 6
134. 2
11.2
2.5
1. 26
1.19
1.25
1.20
1.25
1.19
1.27
1.21
1.31
1.25
1 31
1. 23
1. 33
1.23
16 6
15 6
14.7
16.7
15.9
17 5
16.8
17.7
40.3
1 26
1.28
1 29
'1.26
42.9
44.3
57 4
3 922
2 784
1,138
45.0
1 25
1.23
1 26
1.25
1 21
1.22
1 17
1.20
1 24
1.25
__..—.
205.0 _ _ _ . _ - - _
107 2
97 8
2 836
1 897
939
1.23
1.23
1.21
1.21
Oats:
Production (crop estimate).
—mil. bu_.
Stocks (domestic), end of quarter, total
do
On farms
_
_
do.__.
Off farms
____
__do
2979
3620
3 545
376
2882
3604
3519
386
517
445
72
Exports, Including oatmeal.....
do ~
Price, wholesale, No. 2, white (Chicago) t
$perbu._
.9
.9
.1
.3
7
.9
.6
•1.0
1i
21
18
16
.73
.70
.68
.68
.66
.66
.65
.68
.71
.71
.72
.77
.78
.72
.74
141
82
163
184
103
109
66
42
62
55
68
42
44
53
361
76
83
56
87
49
121
58
186
182
197
114
Rice:
270.3
Production (crop estimate)--.
..mil. bags 9
California mills:
122
Receipts, domestic, rough...
—mil. Ib
85
Shipments from mills, milled rice. . do.
Stocks, rough and cleaned (cleaned basis), end
132
of month
_
mil. Ib
Southern States mills (Ark., La., Tenn., Tex.):
438
Receipts, rough, from producers..
mil. Ib—
270
Shipments from mills, milled rice. - - _ _ . _ _ do__._
Stocks, domestic, rough and cleaned (cleaned
997
basis), end of month
mil. lb._
220
Exports...
_
_ do
.093
Price, wholesale, Nato, No. 2 (N.O.)___ _ $perlb
712
624
88
873
753
120
1 31
1. 28
1 33
1.31
474
403
71
(1 5)
.4
.77
273.1
127
85
123
170
105
69
74
56
54
28
183
180
185
210
161
189
462
'308
123
'363
148
'293
71
'261
58
'199
135
'168
717
'208
1 348
'335
1 758
'436
407
'308
258
329
306
'270
158
'175
101
438
1,044
248
.086
931
356
.088
746
400
.088
531
265
.088
372
237
.088
296
122
.088
559
79
.088
1 122 1 844
200
160
.083
.083
1 615
1 17
083
1 535
16
.083
v .083
Rye:
Production (crop estimate)
_.
;_. mil. bu
229.2 233.5
Stocks (domestic), end of quarter, total
do
315.0 ' 3 16. 8
10.8
Price, wholesale, No. 2 (Minneapolis). _-$ per bu_.
1.30
1.28
1.34 ""l.~32~ "~1~29~
' Revised.
v Preliminary.
1 See note "O" for p. S-21.
*J Crop
orop estimate for
lor the
tne year,
3<* Quarterly aver;
average.
4
Old crop only; new crop not reported until beginning of new crop year (July for barley,
oats, rye, and wheat; Oct. for corn.
s Less than 50,000 bu.
^Revisions are available upon request as follows: Jan. 1961-June 1962 and Jan.-May 1963
for cheese arid nonfat dry milk; Jan.-June 1962 and Jan.-May 1963 for butter and condensed,
evaporated, and dry whole milk.
315
252
63
4 02
_ . _ _ — _ '310.2
190 4
' 119. 9
4.3
10.2
7.6
14 510
655
4
855
39.5
4
11, 416
144
1. 24
1.20
4
4
132. 3
.595
4
1 818 1 670
*273
154
.083
083
1,225
5,3
29.7
17.3 _ _ _ _ _ _ - '21.2
1.28 "~I.~19~ "l."20"
1.27 ~~T25~ "T2T
1.18
1.21 "Tl8~ "Tn"
cf Revised series; data reflect inclusion of creamed cottage cheese and frozen products
(formerly excluded). Revisions for 1946 and 1952-58 (former series) and 1958-62 (revised
series) appear on p. 24 of the Mar. 1964 SURVEY.
.Excludes a small amount of pearl barley.
fRevised series, (for No. 2; formerly, for No. 3).
9 Bags of 100 Ib.
SURVEY OF CUKEENT BUSINESS
S-28
1963
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1964
1964
Monthly
average
May 1965
Mar.
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
GRAIN AND GRAIN PRODUCTS— Con.
Wheat:
Production (crop estimate), total..
mil. bu__ i 1, 142 1 1, 290
Spring wheat
do.... 1234 1 i 266
1,025
1908
Winter wheat
do
2337 ' 2 364
Distribution (quarterfy total)
...__. ...do
410
305
380
••362
1, 564 '2 1, 342
2281
» 253
21,311 '21,061.
1,206
153
1,052
3901
375
3 826
1 812
506
1 306
'1 450
390
Stocks (domestic), end of quarter, total
Off farms
do....
do..
ExDorts total including
WTie^itonlv
flour
do
do__
3
59. 7
53.3
468.4
62.2
Prices wholesale:
No 1 .dark northern spring (Minneapolis)
$ perbu.. 2.42
2.06
2.20
1.86
No. 2,hd . anddk. hd. winter (Kans. City)_do
1.92
Weighted a vg., 6 markets, all grades- ...do.... 2.33
Wheat flour:
Production:
, , -rt •, .
Flour
thous sacks (100 ID j 21,991 22, 135
92.6
93.4
407
412
Offal
'
---thous. sh. fons._
Orlndings of wheat
______thous. bu__ 49,976 50,180
Stocks held by mills, end of quarter
thous. sacks (100 lb.)__ a 4, 710 2 5, 276
2,808
2,629
Exports
do..
Prices, wholesale:
Spring, standard patent (Minneapolis)
5.652
$ per 100 lb._ 5.63Q
5. 390
Winter, hard, .95% patent (Kans. City). .-do.... 5. 365
304
1,146
264
882
r 1, 060
86.6
81.5
78.0
70.7
79.5
72.1
60.0
54.8
56.3
52.8
52.3
44.6
66. 5
60.4
59.9
51.5
67.4
61.9
71.7
64.8
520.8
s 19. 7
24.5
22.6
2.25
2.17
2.19
2.34
2.26
2.26
2.35
2.13
2.26
2.38
1.53
1.58
1.70
1.55
1.59
1.74
1.58
1.69
1.80
1.63
1.72
1.84
1.66
1.75
1.84
1. 68
1.75
1.82
1.65
1.71
1.80
1.63
1.70
1.80
1.61
1.69
21, 964 27, 057
94.3 111.0
409
507
49, 901 61, 557
14, 953
58.7
283
34, 215
20, 818
89.6
390
47,324
23, 305
100. 5
435
52, 968
25, 017
102.9
462
56, 463
22, 407
101. 4
416
50, 765
21, 104
86. 6
396
47, 910
20,166
92.7
377
45, 750
18, 123
83.3
338
41, 088
21, 978 22, 246
91.2
90.1
411
406
49, 688 50,225
5, 843
2, 183
3,127
3, 191
5,354
2,249
1,540
3,289
4, 840
2,620
3,606
2,347
5 068
2,956
5.313
5. 150
5.600
5.400
5.478
5.250
5.783
5.333
5.983
5.643
5.765
5. 510
5.673
5. 487
5. 735
5.493
5.773
5.477
5.623 '5.610
5.387
5.387
5
467
1.80
1.57
1.69
1.81
1.54
1.67
812
5.585 v 5. 557
5.310 P 5.230
LIVESTOCK
Cattle and calves :
Slaughter (federally inspected):
Calves
thous. animals. .
Receipts (salable) at 27 oubllc markets.
do
Shipments, feeder, to 8 corn-belt States
do.-_.
Prices, wholesale:
Beef steers (Chicago)
$per!001b .
Steers, stocker and feeder (Kansas City)_.do__._
Calves vealers (Natl Stockyards, 111 ) do
378
1,805
1,173
551
402
2,094
1,231
591
400
1, 878
1,141
384
379
2,045
1,139
355
321
2,070
1,082
322
385
338
2,162
2,207
1,257 •1,201
260
359
384
2,125
1,228
588
453
2,199
1,301
861
514
2,359
1,619
1, 286
442
2,111
1, 528
1,309
449
2,254
1,245
527
23. 79
22.95
30.00
22.86
19. 79
26.21
21.38
21.42
31.50
21.03
20.91
26.50
20.29
19.24
27. 50
21. 37
18.92
23.50
23.15
18.81
23.00
24.94
19.30
22. 50
25.82
19.79
25.00
24.88
19. 33
20. 00
24.42
19.18
24. 50
23. 83
23.76
19. 88
18.80
25.00 '28.50
Slaughter
(federally inspected)
thous animals
Receipt55 (salable) at 27 public markets
do
5, 965
1,646
5,972
1,593
6,420
1,635
6, 481
1,681
5,476
1, 460
5, 038
1,443
4,928
1,405
4,841
1,294
5,630
1,506
6, 804
1,860
6,546
1,750
6, 648
1,766
6,047
1,527
5,301
1, 294
6, 534
1,480
1,274
14.22
13. 89
14. 46
15.22
15.88
16.21
16. 40
15. 13
14. 07
14.94
15.58
16.56
16. 72
17.26
12.7
12.3
12.3
12.8
14.2
13.9
13.8
13. 7
13. 4
12.9
13.4
14.0
13.8
13. 7
1, 035
304
133
1,052
319
171
986
289
215
1,056
337
154
1,118
"343
179
1, 020
385
314
1,141
511
433
1,213
551
394
997
394
134
1, 053
336
134
1,062
278
122
850
209
129
986
227
133
199
22.25
22.25
(7)
24.00
(7)
23. 75
0
23.38
(7)
23.7 50
()
22.50
(7)
20.50
& 20. 31
19.75 . 20.62
&19.62
(7)
22.25
(7)
23.88
(7)
25. 00
(7)
23.25
(7)
Cattle
OlO
Wholesale, average, all grades (Chicago)
$per!00lb__ 15.03
14.92
Hog-corn price ratio (bu. of corn equal in value
13.6
13.2
to 100 Ib live hog) •
• •~
Sheep and lambs:
Slaughter (federally mspected)___thous. animals- - 1,163
1,079
444
Receipts (salable) at 27 public markets - do _
370
200
Shipments, feeder, to 8 corn-belt States __ do __
212
Prices, wholesale:
Lambs, average (Chicago).
$per!00lb._ 18.69
21.93
Lambs, feeder, good and choice (Omaha)_do____ «17.83 « 19.82
0
0
404
2, 166
1,207
428
473
2,225
1, 113
332
911
23. 50 23.80
.21.31
19.85
30. 50 p 27.51
25.01
' 22.04
384
1,919
965
279
MEATS AND LARD
Total meats:
Production (carcass weight, leaf lard in), mspected
2,292
slaughter. .__ __
- . - - ..mil. Ib
2,406
2, 404 2, 332
2,473 2, 447 2, 575
2,221 2,405 2,754
2, 518 2,187 2, 595
2, 553 2,665
Stocks (excluding lard), cold storage, end of
592
r 865
month____
.mil. lb_.
866
803
'689
723
724
675
826
621
681
703
532
665
582
702
45,
47
Exports (meat and meat preparations) t
do
63
56
55
53
49
48
50
62
516
33
56
65
122
89
91
76
126
Imports (meat and meat preparations)!- -do
101
75
106
41
82
79
76
63
86
Beef and veal:
1,137.4
Production, mspected slaughter...
do__
1, 304. 4 1, 220. 2 1,314.8 1, 319. 6 1,384.8 1,336.5 1,278.0 1,323.3 1,421.3 1. 271. 7 1,370.4 1,341.5 1,187.8 1,365.8
StocKs, cold storage, end of month
d o _ _ _ _ 217.2
291.4
284. 5 276.3 285.7 300.4 296. 3 300.9 267. 0 274. 3 303. 5 328.5 305.2 267. 8 ' 258. 8 230.9
2.3
Exports.. _ _ _ _ _._ _
_ _
do
3.9
5.7
2.5
5.0
4.8
3.8
3.1
2.4
15.6
53.4
3.7
6.0
5.8
92.0
Imports....- - ... _ _ _ _ _ _ _ do
66.4
71.4
53.1
70.1
99.6
66.3
99.9
58. 1
53.5
72. 4
59.2 '30.5
39. 2
Price, wholesale, beef, fresh, steer carcasses, choice
. 417
(600-700 Ibs.) (New York). . . „ _ _ „ _ _
$perlb.
.379
.372
.378
.408
.398
.403
.384
.424
.430
.403
.418
.419
.400
.403
.408
Lamb and mutton:
55.6
Production, inspected slaughter
-mil. Ib..
53.6
52. 5
48.2
48.3
51.0
52.0
46.2
52. 4
50.1
57.3
43.2
52.6
53. 7
48.9
19.5
Stocks, cold storage, end of month
_-_db___16.3
16.4
18.3
16. 2
18.2
17.3
11.3
16.1
15.3
12.3
13.7
13.0
13.1
10.6 '11.2
Pork (including lard), production, inspected slaugh1, 099. 0 1, 116. 6 1, 174. 7 1, 206. 5 1, 038. 1 970.9 944.4
ter
mll Ib
896.9 1, 029. 2 1,275.3 1, 232. 7 1,241.7 1,122.9
956. 3 1,179.3
Pork (excluding lard) :
r
856.6
Production, inspected slaughter _ _
do
915. 5 940.9 798. 4
870.4
743.6
733.6
694.7 809.7 1,000.5
751.4
937.6
972.
8
882.8
972.8
279.2
Stocks, cold storage, end of month. ....
do
' 333.0 411.2 473.6
468. 8 412.9 321.4 229.1 184.0 -"221.7
283.6
275.0
318.9 ' 334. 8 334.2
307.9
11.5
Exports
.
do
10.9
13.0
11.1
12.9
8.6
13.5
5.9
5.5
52.6
5.8
6.6
8.9
4.3
17.6
Imports
do
16.3
19.7
17.0
17.5
18.0
17.8
15.9
7.4
17.9
18.1
17.3
20.6
21.0
Prices, wholesale:
.464
Hams, smoked, composite
$ perlb..
.452
.435
.458
.423
.448
.453
.475
.465
.462
p. 472
'
.483
.475
.498
.463
.443
Fresh loins, 8-12 Ib. average (New York) do
.401
.409
.395
.503
.443
.461
.513
.454
.453
.503
.478
.401
.403
.460
.452
Lard:
"
176.4
Production, inspected slaughter..... . mil Ib
193. 0
189. 4 189.1
175.7
165.7 155.5
147.
8
159.3
175.4
200.7
190.2
149.4
195.8
174.8
125.4
Stocks, dry and cold storage, end of mo. . _ do
104. 2 113.6 116.3 125.2
96.3
98.1
89.1
82.4
131.1 143.1
68.2
103.8
127.1 150.9
Exports.
•_. _ _ _ _ _
do
44.8
51.6
72.8
56.8
51.9
91.1
45.8
46.3
46.4
42.6 522.9
54.9
63.5
29.9
.122
Price, wholesale, refined (Chicago) _ - _ _ _ _ $ per fb__
.126
.130
.136
.130
. 131
.130
.131
.135
.160
. 148
.148
. 149
.148
p. 150
r
Revised.
*>
Preliminary.
1
JRe vised efl ective Jim. 1961 ni accord ince wit!\ the Sta
ndard In ternatioilal Trad 3 ClassiCrop estimate for the year.
2 Quarterly average.
3
ficatic
>n
(SIT(
3)
group
ing
of
itc
ms; this groupin £ exclude s lard (included in forme r export
Old crop only; new grain not reported until begi miing of new croj 3 year (Jiily for w heat),
4
series ) and saijsage ca< ings (for merly in eluded) but inchides mes t extrac s, etc. (for merly
Beginning Jan. 1964. flour included in total is ccmverted to grain equival 3nt on b isis of
ded).
D
exclu
ata for J an. 1961 -Aug. 19 b32 are a>Bailable upon re(luest. ° Beginniiig July
5
2.336 bu. of wheat to 100 Ib. of flour (2.3 bu. former ly used),
See note "C)" for p. S-21.
1964, data are for 26 pu blic mar kets.
Choice only.
Average based on months for which quotations £ire availa ble.
No quo ;ation.
SURVEY OF CURRENT BUSINESS
May 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
Monthly
average
S-29
1965
1964
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
POULTRY AND EGGS
Poultry:
Slaughter (commercial production)
mil. lb._
Stocks, cold storage (frozen), end of month, total
mil.lb.Turkeys
do
Price, in Georgia producing area, live broilers
$perlb__
604
629
494
541
569
611
635
699
778
838
725
640
560
469
526
295
184
313
181
273
151
241
123
219
100
211
89
227
102
275
149
366
233
488
342
419
274
357
207
340
195
300
167
'252
'135
211
104
.138
.139
'.138
'.130
' . 142'.137
.140
'.131
.135
.145
.150
.145
15. 0
16.0
15.7
16.0
15.0
14.9
14.5
14. 0
14.6
14.4
15.1
15.4
14.1
15.8
15.5
124
76
'45
46
81
62
171
86
201
106
184
114
119
108
'132
98
^141
84
102
69
62
58
57
~54
41
53
'38
'55
52
55
.331
.326
.290
.276
.293
.326
.381
.362
.363
.329
.308
.261
.277
.291
. 308
23.5
.253
22.4
.234
29.4
.236
16.8
.220
17. 6
.228
22 2
.224
18. 4
, 235
26 8
.228
19 7
.234
23 9
.235
18 6
.226
24 4
.240
80
.226
22 1
.201
.169
.164
Coffee (green) :
Inventories (roasters', importers', dealers'), end
of quarter
,
_________thous. bagscf— 223,922
5,704
Roastings (green weight), quarterly total.. .do
24,298
2 5, 594
4, 366
6,645
1, 986
772
1,902
601
2,476
1,006
2,460
843
1, 597
302
1 344
399
1,552
441
1 428
368
1. 660
525
1 960
367
2,330
924
2,069
728
461
156
1 296
261
.345
110
. 479
117
.505
109
.500
104
.490
89
.485
86
.475
77
.473
101
.455
161
.483
163
.475
139
.458
125
.450
117
'.463
116
.452
124
.458
206
195
163
156
162
177
200
216
219
213
218
215
192
167
'141
139
929
'869
1,525 '2,395
1,695
1, 370
780
255
125
80
25
410
2,105
3,275
314
540
159
367
459
159
197
371
228
120
348
223
66
399
216
45
723
244
79
628
224
120
783
190
156
529
158
753
146
116
967
83
54
1,006
64
63
599
1, 870
167
215
110
107
196
197
836
832
1,675
809
801
1,997
701
700
2, 533
732
731
2,341
765
764
2, 185
919
918
1,866
976
974
1,493
978
977
1,234
975
971
965
830
823
1 409
738
730
2,085
866
860
2, 693
753
617
609
745
2 893 '2,731
2 627
342
352
571
367
407
396
231
231
171
187
148
143
1
359
91
292
98
7
226
89
1
205
42
3
340
127
1
293
77
5
367
170
11
271
101
6
429
183
7
391
104
22
381
109
8
347
91
16
r 46
Eggs:
Production on farms .____.
mil cases0_. U4.6
Stocks, cold storage, end of month:
132
Shell..— _ _ _ _ _ _ _ _
_____thous. casesO__
73
Frozen
__:
!____ ____mil. lb__
Price, wholesale, extras, large (delivered; Chicago)
.343
$per doz_.
' . 132 .135
' .144 '.143
MISCELLANEOUS FOOD PRODUCTS
Cocoa (cacao) beans:
Imports (incl. shells)...
____thous. Ig. tons..
Price, wholesale, Accra (New York) __.__$ per lb__
Imports, total. _
;
_ do
From Brazil
do
Price, wholesale, Santos, No. 4 (New York)
$ per lb__
Confectionery, manufacturers' sales
__mil. $__
Fish:
Stocks, cold storage, end of month.. .....mil. lb._
Sugar:
Cuban stocks, raw, end of month
thous. Spanish tons..
United States:
Deliveries and supply (raw basis) :§
Production and receipts:
Production.. _ _ _ _ _ _ _ _
__thous. sh. tons..
En tries from off-shore, total 9
... .do____
Hawaii and Puerto Rico. _.
do
Deliveries, total 9. __..__
do
For domestic consumption_________do _
Stocks, raw and refined, end of month. do
4 216
5 016
4,539
5,672
4,071
5, 041
1,380
1,245
ExDorts, raw and refined _.
sh tons
ImportsRaw sugar, total 9 —
-.-.-thous. sh. tons__
From Republic of the Philippines. _-- do
Refined sugar, total 1.^
do
4.14
Prices (New York):
Raw, wholesale...
_ _ _ _ _ $ per Ib
Refined:
Retail (incl. N.E. New Jersey)__$ per 5 lb__
Wholesale (excl. excise tax)— _ _ _ $ per lb._
.081
.069
.073
.074
.068
.066
.063
.062
. 062
.063
.061
. 065 '. 069
. 688
.111
5.657
.100
.716
.112
. 710
.105
.689
.102
.655
.092
.620
.092
.600
.092
.603
.089
.594
.089
. 590
.089
.583
.091
r 590
.095
598
.095
11, 133
12, 377
13, 982 11,552
10, 409
10,392
8,533
10,897
10, 674 10, 242 13, 084
4,066
7 176
T.oa, imports. _ _ _ _ _ - . _ _
._
_ thous. lb__ 10, 159
Baking or frying fats (incl. shortening) :
Production.... ......
--._1_— ..mil. lb__
Stocks (producers' and warehouse), end of month
Salad or cooking oils:
Production..
do
Stocks (producers' and warehouse), end of month
•
mil.lb..
Margarine:
Production... ___
do
Stocks (producers' and warehouse), end of month
Price, wholesale (colored; mfr. to wholesaler or"
large retailer; delivered}
$ per Ib
78
123
132
154
35
3
5
' . 069. 066
.066
*> . 093
213. 4
221.6
213. 0
216.3
221.4
233.8
182.2
228.9
246.0
263. 9
238. 5
197.9
193.6
204. 6
213.0
132. 4
113,1
113.9
116.5
122.1
131.1
117. 2
99.9
94.4
101.7
112 2
121. 1
121. 4
111. 0
113 6
191. 3
233 9
211.4
201.0
207.4
235. 1
238. 8
296. 1
280. 3
277. 8
249.9
234.0
212. 4
220.5
236.1
248.7
120. 9
119. 5
126.2
129. 0
120. 7
104. 7
116.9
105.4
110.1
137.5
118. 8
162. 3
166. 9
138.5
149. 5
154 8
159. 8
150.2
138.4
134. 3
136. 5
142.5
162.1
182.2
143. 9
166.7
163. 2
167. 2
170.5
46.3
46.4
52.0
48.6
50.6
47.2
44. 4
44.8
40.2
44.5
47.2
48.0
50 3
44.6
53 1
238
241
.238
.238
.238
.238
.238
.238
.238
.241
.250
.260
.256
259
*>.263
41.4
33.6
43.4
36.4
41.9
37.3
44.6
39. 2
49.6
42.0
45.9
40.4
41. 9
34.9
43.3
43. 6
37.2
36.8
45.0
38.4
44. 6
32.1
39. 0
24.4
42.2
27.0
'44.4
34.1
40.8
36.3
46.4
45.3
41 7
FATS, OILS, AND RELATED PRODUCTS
Animal and fish fats: A
Tallow, edible:
Production (quantities rendered). _____mil. lb__
Consumntion in end products.— _ _ _ _
do__"
Stocks (factory and warehouse), end of month"
41.3
34.1
37. 4 38.5
38. 7.
Tallow and grease (excep t wool) , inedible: '
317.2
Production (quantities rendered) ____ _ _ _ _ _ d o _ . _
335. 3 366. 0 361.0
348. 4
Consumption in end products—..
_do
6177.8
161.8 173. 8 178.3
178.6
Stocks (factory and warehouse), end of month"
383.2
344.8 395.9 395. 9 331.1
Fish and marine mammal oils:
Production!
do
15 5
14 9
,3
3.5
29.4
Consumption in end products.—
do
7.4
7.6
6.9
6.8
6.8
Stocks (factory and warehouse), end of month
113 0
QQ A.
QK A
mil.lb- 7 162. 7
126. 7
r
Revised, * Preliminary, i Beginning Jan. 1963, includes data for Alaska and Hawaii.
2 Quarterly average. . 3 See note"Q" for p. S-21.
4 Effective Sept. 1963, includes small
amounts of refined sugar, tinctured, colored, or adulterated.
= Data beginning Jan 1964
not entirely comparable with those for earlier periods.
e Beginning 1962 on annual basis
and Jan. 1964 monthly, data are not comparable with those for earlier periods; consumption
for feed now based on Tenderers' shipments instead of feed mill reports.
1 Beginning March
37.8
35.5
29.9
24.6
24.0
29.2
41. 7
351.3
193. 0
347.4
159.9
332.2
184. 0
322.3
187. 1
372.6
196. 0
343. 7
167.6
349. 2
185.3
343. 8 '331.3 354. 9
184.2 ' 170. 1 180. 5
331.9
314.7
305.3
281. 9
294.2
312. 4
365.7
428. 5
423.5
435.9
31.8
6.2
26.1
7.4
18.5
7.2
15.3
6.3
7.0
6. 1
5.8
6.0
.5
5.7
.5
6.0
.5
6.3
40.2
7.0
124.6
145. 6 147.4
139.6
130.0 144. 6 139.9
145. 7 126. 9 117.0
1963, includes General Services Administration stocks no longer required for the strategic
stockpile.
0 Cases of 30 dozen.
cfBags of 132.276 Ib.
9 Includes data not shown separately; see also note "§".
§ Monthly data reflect cumulative revisions for prior periods,
AFor data on lard, see p. S-28.
{Revisions for Jan.-June 1962 appear in the Sept. 1963 SURVEY.
S-30
May 1965
SUEVEY OF CITKKENT BUSINESS
Unless otherwise stated; statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
1964
Monthly
average
Mar.
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
FOOD AND KINDRED PRODUCTS; TOBACCO—Continued
FATS, OILS. AND RELATED
PRODUCTS— Continued
Vegetable oils and related products:
Coconut oil:
Production:
Crude
mil.lb-.
Refined..
.._-___
do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse), end of month
mil.lb—
Imports
do
Corn oil:
Production:
Crude...
——
do
Refined—.
do....
Consumption in end productst
-do
Stocks, crude and refined (factory and warehoused endofmonthl
mil Ib
Cottonseed cake and meal :
Production
_
.thous. sh. tonsStocks (at oil mills) , end of month.
do
Cottonseed oil:
Production:
Crude...
,— mil.lbRefined
- do
Consumption in end products
do
Stocks, crude and refined (factory and warehouse), end of month
mil. lb__
Exports (crude and refined)*
do
Price, wholesale (drums; N.Y.)
.$ perlb—
Linseed oil:
Production, crude (raw)
—mil.lb—
Consumption in end products
do
Stocks, crude and refined (factory and warehouse) , end of month
.mil.lb—
Price, wholesale (Minneapolis) ....
$ per Ib—
29.0
46.2
60.5
128.3
42.2
63,5
(2)
41.1
61.9
18.6
48.4
66.7
20.0
41.9
65.9
25.2
38.0
58.7
32.6
46.2
61.1
29.3
43.2
69.7
27.5
39.8
66.2
32.1
46.9
74.0
37.8
38.9
61.7
(2)
38.8
59.4
36.7
46.8
63.2
32.4
41.7
62.6
33.9
46.3
65.0
228.5
31.0
166.1
33.1
185.5
46.1
166.0
34.8
158.2
27.8
154.7
36.4
166.3
35.4
178.5
68.8
161.7
9.3
131.8
15.3
146.7
14.5
154.0
6.1
143.2
71.8
148.0
64.3
166.2
32.5
30.3
29.4
34.5
32.8
34.2
37.2
34.7
33.0
36. 6
30.0
31.7
35.9
27.7
30.9
37.0
34.3
33.0
33.0
32.9
34.3
33.9
38.5
35.2
31.5
29.9
31.2
36.0
41.3
42.6
33.5
32.8
34.8
32.0
32.3
36.1
36.1
32.4
33.3
34.2
31.9
33.5
38.0
34.8
34.4
58.2
57.8
60.3
63.9
62.6
63.8
62.2
59.7
61.9
52.4
43.4
40.1
39.4
39.3
41.7
225.3
172.9
225. 5
218.3
259.1
259.9
212.9
295.7
165.1
325.6
116. 7
305.0
87.2
250.2
82.5
171. 5
181.9
138.8
316. 9
137.4
339.0
159.9
325.0
126.8
315.4
150.6
284.0
177.0
294. 5
192.7
159. 8
131.4
96.0
161. 1
133.3
114.4
185.8
146.7
107. 5
154.7
151.9
103.8
119.2
137.2
99.2
86.6
117.2
111. 9
60.3
78.9
105.4
65.9
72.2
111. 8
127.2
86.7
127.9
227. 3
143.9
140.3
243.3
177.2
129.8
233.7
192.8
136.5
227.3
172. 9
121.3
205.9
162. 4
131. 1
213.1
193.8
122.0
599.2
30.4
.153
638.3 801.6
76.3
50.0
. 141 .145
810.2
38.4
.149
769.2
54.0
.152
701.6
43.1
3.132
611.0
21.2
.133
498.4
75.3
.131
432.8
43.7
.130
450.1
35.0
.135
534.7
22.1
.150
506.3
88.7
.150
518.7 '546.9
43.0
65.4
.159
.149
».170
38.2
32.2
42.1
30.3
45. 7
30.3
35.2
25.8
34.7
25.8
31.9
28.0
39.5
31.2
' 139. 5 ' 140. 0 ' 165. 0 ' 177. 4 '185.5' ••199.3 '204.2
.134
.139
.139
.133
.139
.133
.139
214.8
».139
877.5
199.0
956.8
181.7
568.7
33.3
32.0
37.0
31.4
33.5
32.5
31.5
35.1
39.3
34.6
40.8
36.4
33.7
35.2
116. 7
.127
'144.6
. 134
132.9
.133
131. 6
.133
137.6
.133
139.4
.133
'129.7
886.3
132. 1
790.7
157.2
819.0
139.9
855. 2
167.6
830.8
124.1
893. 8
121.4
885.1
119.8
852.3 1,027.4 1,022.2 1, 009. 4 1,001.9
116.7
100.7
120.3
102.6
186.8
384.3
382.6
368. 0
368.9
362.7
353.3
385.6
352.1
344.8
398.7
355. 6
342. 3
386.2
400.5
366.1
412.0
340,5
341.7
413.6
435.6
425.8
398.8
458.4
434.8
482.5
444.3
432.5
467.9
392.1
368.7
464.8
370. 5
338.6
463.3
377.4
321. 7
408.5
348. 2
319.1
448.2
394.5
358.5
770; 8
106.0
.123
991.4
69.2
.122
922.3
126.0
.121
873,3
62.7
.123
814.9
99.5
3 . 102
759.4
127.1
.109
666.5
132.1
.110
577.8
124.8
.120
538.4
110.2
.129
532.7
117.8
.149
544. 2
157.6
.140
586.6
68.4
.139
606.0
72.7
.142
» . 141
32, 793
14, 860
28, 522
15,012
6,033
69. 311
16; 521
56,037
16, 706
56,081
14, 846
5,613
65,854
9,001
5,984
20, 802
7,025
13, 440
13, 146
14, 513
15,035
16, 189
13,470
12,849
13, 583
12,677
3,877
42, 584
693
13, 187
2,148
3,708
44,420
719
13, 909
1,990
3,986
43, 303
689
14,820
2,827
3,571
47, 136
777
15, 139
1, 844
3,237
41, 548
784
13, 727
2,042
4,557
39, 898
444
13, 306
2,843
2,088
39,086
602
13, 098
718
3, 380
40,210
554
12, 101
1,329
Soybean cake and meal:
Production
_
thous. sh. tons— 900.1
127.3
Stocks (at oil mills), end of month §
do
Soybean oil:
Production:
Crude
mil.lb— 421.1
Refined
-__-_.
.__
_____do.__. 336. 1
Consumption in end products
do__ „ 322.0
Stocks, crude and refined (factory and warehouse), end of montht.
—mil.lb.. 1876.0
Exports (crude and refined)*
do
91.9
Price, wholesale (refined ; N.Y.)
$ per Ib—
.133
TOBACCO
Leaf:
Production (crop estimate). _.
. mil.lb— ^2,344 '42,227
Stocks, dealers' and manufacturers' end of quar4,922
ter, total —
mil.lb 8 4, 931 6 5, 220 5,314
Exports, Incl. scrap and stems.
—thous. Ib— 42, 124 42, 533 23, 529 29,667 31, 306 44, 084
13,985 14, 971 12, 876 14, 687 14,147 15, 735
.Imports, incl. scrap and stems
._.
do
Manufactured:
Production (smoking, chewing, snuff).
do.... 13,960 15, 004 16, 937 16, 726 14,647 15, 350
Consumption (withdrawals):
Cigarettes (small) :
3,424
3,644
3,126
Tax-pxem.pt
millions
3,554 3,215 3,144
42,466 41,454 37, 854 43, 686 41, 715 45, 154
Taxable
do
547
682
670
731
699
675
Cigars (large) taxable
do
13, 709 14, 630 16, 214 16,052 14, 231 14, 757
1, 968
2,046
1,890
2,095 2,107 1,862
Exports cigarettes
•
millions
.133
34.7
27.5
613. 8
5,551
LEATHER AND PRODUCTS
HIDES AND SKINS
Exports:
Value, total 9 - _ _
thous. $
Calf and kip skins
_
thous skins
Cattle hides
thous hides
Imports:
Value, total 9 ._
_
thous $
Sheep and lamb skins........
thous. pieces
Goat and kid skins... _
_
do
Prices, wholesale (f.o.b. shipping point):
Calfskins, packer, heavy, 9^/15 Ib
__$ per Ib
Hides, steer, heavy/native, over 53 Ib
do.
7 724
199
959
6 385
245
778
7 088
213
882
8 620
239
1 072
8 252
151
987
7 890
184
972
8 032
104
1 051
7 810
162
945
7 922
8 385 9 005
173
204
228
1 004 1 101 1 021
4 531
130
788
5 150
130
702
5,253
6 823
6 2, 192 7 2, 538
1,231
1, 074
8 456
4 370
1,099
8,131
3, 380
1,323
8,519
3,615
1,650
8,242
2,732
1, 134
8 369
3,354
1, 157
5,631
1,891
850
8,077
3,527
838
4 083
871
863
4 382
1,052
570
5 664
1, 378
925
2 627
616
377
6.213
2,246
963
.325
.083
.400
.113
.438
.098
.430
.104
.430
.115
.450
.124
.450
.119
450
124
450
.119
.500
.114
.500
.104
480
.105
6 215
155
664
*. 365
t>. Ill
P. 414
P . 106
p . 520
p. 105
LEATHER
Production:
Calf and whole klp_
thous skins
466
545
484
525
601
495
611
542
572
629
637
639
'603
568
Cattle hide and side kip.. .thous. hides and kips." 1,804
1,993
1,903
1, 835
1,693
1, 993
1,957
1, 993
1,937
1, 896 '1 875 1,884
2, 057
1,840
Goat and kid
thous. skins
1,182 8 1,073
1,059
1,171
1,134
1,015
1,132
790
1,047
1,092
942
1,120
1,064
1,147
Sheep andlamb
do
2,864
2,731
2,813
2, 629
2,736
3,018
1,917
2,333
2,865
2,528
2 630
2 261 2 450
2 750
Exports:
Glove and garment leather. ...
thous, sq. ft— 4, 640
4,293
4,
950
2,555
3,875
4,562 3,443
3,266
2,834 3,828 3,015 3,955 }92,849 4,486
0 AQR
2 gQ2
9 7*IA
Upper and lining leather
do
3 423
3 809 3 627 3 762
3 050
3 241 3 Qft7
3 548
4 486
Prices, wholesale:
Sole, bends, light, f.o.b. tannery....
$ per Ib • v. 678 P : 662
.647
.657
.657
.657
.657
.657
.657
.663
.695
.695
.695 P. 695
.695
Upper, chrome calf, B and C grades, f.o.b. tannery
___
$ per so. ft.. P 1.151 v 1. 174
1.137
1.133
1.138 3 1. 180
1.187
1.170
1.197
1. 223
1 . 223 1. 223
1. 237
1.237 p 1.237
. _ _ .,
.
p Preliminary.
.1 Average based on months for which data are available.
data exclude items presently
reported in Ibs. instead of pieces.
* Includes revisions not
3
9
2 Not available.
Beginning June 1964, data are not comparable with those for earlier
distributed by months.
Effective Jan. 1965, data are for all leather, except sole and rough;
periods because of changes in specifications or reporters (for leather) May 1964 prices on
see note "Q" for p. S-21.
IRevisions for 1962 appear in the Sept. 1963 SURVEY.
new basis: Cottonseed oil, $0.132; soybean oil, $0.103; leather, $1.180. '< Crop estimate for
*New series. Data prior to Sept. 1962 may be obtained from Bureau of Census reports.
the year.
s Quarterly average.
6 Effective Sept. 1963, data reflect minor changes in
§Monthly averages for 1951-56 (corrected) appear in the Aug. 1964 SURVEY.
coverage to conform with "Tariff Schedules of the United States."
? Effective Jan. 1964,
9 Includes data for items not shown separately
SURVEY OF CURRENT BUSINESS
May 1065
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1965
1964
1963 | 1964
Monthly
average
S-31
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
LEATHER AND PRODUCTS—Continued
LEATHER MANUFACTURES
Shoes and slippers:
Production totalt
thous pairs— 1 50, 361 151,831 52, 314
Shoes, sandals, and play shoes, except athletic 1
42, 477 1 43, 457 46,250
thous pairs
^6,468 i 7, 205 5,107
Slippers for house wear
do
!555
*813
439
Athletic
do —
1613
*603
518
Other footwear
do
Exports
do
Prices, wholesale, f.o.br factory:
Men's and boys' oxfords, dress, elk or side
upper Goodyear welt --1957-59=100—
Women's oxfords, elk side upper, Goodyear
welt
1957-59=100..
Women's pumps, low-medium quality do— —
49, 205
47,685
47, 526
47, 436
53,075
50,620
50,902
45,754
48, 059 152,426
42, 217
5,969
443
576
40,325
6,280
354
726
40, 544
5,903
290
789
40,630
5,834
256
716
44, 074
7,887
281
833
41, 128
8,109
259
1,124
41), 457
9,238
275
932
37, 166
7,558
275
755
41, 716 1 46, 656
5,387 15,018
312
1563
644
U89
150
163
219
133
145
298
170
159
210
174
145
162
141
105.1
105.9
105.1
105.1
105.1
105.1
105.1
105.1
105.1
108. 8
108.0
108.0
108.0
108.0
108.0
106.5
110. 7
106.5
111.0
106. 5
110. 6
106.5
110.8
106.5
110.9
106.5
110.9
106. 5
110.9
106.5
110.8
106.5
111.0
106. 5
111. 7
106.5
111.5
106.5
106.5
111.5 «• 111. 1
106. 1
111. 1
106.5
111.0
190
LUMBER AND PRODUCTS
LUMBER- ALL TYPES
National Lumber Manufacturers Association :cfO
Production, total
__ mil. bd. ft—
Hard woods
do
Softwoods
do
2,879
560
2,318
2,951
491
2,460
3,053
474
2,579
3,005
463
2,542
2,959
448
2,511
3,044
518
2,526
3,054
520
2,534
3,103
533
2,570
3,204
491
2,713
3,085
509
2, 576
2,738
509
2,229
2,642
441
2,201
2,488
465
2,023
2,723
485
2,238
3,270
478
2,972
_ do
do __
do
2,868
543
2,325
2,966
524
2,441
3,078
528
2,550
3,124
518
2,606
3,032
505
2,527
3, 112
515
2, 597
3,155
51g
2,637
3,048
561
2,487
3,050
518
2,532
3,098
557
2,541
2,709
559
2,150
2,556
489
2,067
2,657
520
2,137
2,807
557
2,250
3,107
550
2.557
do—
do
do
6,518
1,842
4, 676
6,393
1,750
4, 643
6, 493
1,871
4,622
6,397
1,810
4,587
6,357
1,747
4,610
6,287
1,752
4,535
6,203
1,754
4,449
6,264
1, 722
4, 542
6,412
1,693
4, 719
6.358
1, 638
4,720
6,389
1,590
4,799
6,434
1,536
4,898
6,274
1,474
4,800
6,180
1,394
4,786
6, 225
1,312
4,913
_do__ „
do
73
3445
80
437
97
455
72
475
90
445
77
576
95
556
82
478
80
470
78
390
76
405
72
319
270
180
50
377
691
539
743
566
709
637
739
594
713
558
743
520
792
491
695
470
717
442
817
530
690
555
691
607
858
750
550
656
802
676
690
689
987
747
737
1,062
790
793
1,029
819
782
1,066
776
749
1,093
791
781
1,103
763
821
1,044
730
716
1,059
770
745
1,084
731
729
1,065
665
666
1,089
625
639
1,075
663
716
1,038
721
643
1,115
867
782
1,200
Exports, total sawmill products
_.do
31
Sawed timber.,
___..
do
12
Boards, planks, scantlings, etc..__
do
19
Prices, wholesale:
Dimension, construction, dried, 2" x 4", R. L.
S p e r M b d . ft__ 79.92
Flooring, C and better, F. G., I" x 4", R. L.
$ per M bd. ft_. 134. 22
Southern pine:
Orders, new.
—_
—mil. bd. ft—
508
Orders, unfilled, end of month
do—
280
31
11
19
38
14
24
27
10
17
41
18
23
29
9
20
39
13
26
29
12
17
24
7
17
35
13
21
25
10
15
27
7
19
235
29
225
Shipments, total __
Hardwoods
___ _
Softwoods
- —
Stocks (gross), mill, end of month, total
Hardwoods
-.
;_____•
Softwoods
Exports, total sawmill products..--—
Imports, total sawmill products — — —
SOFTWOODScfO
Douglas fir:
Orders, new___
.
Orders, unfilled, end of month..
mil. bd. ft—
do._ __
Production
—
Shipments
'_
Stocks (gross), mill, end of month..
do
do
do—
Production
_.
_ do
Shipments
.___ do
Stocks (gross), mill and concentration yards, end
of month—
_
mil. bd. ft—
Exports, total sawmill products..-— _„_ M bd. ft__
Sawed timber
___ — _
do
Boards, planks, scantlings, etc....
—do
Prices, wholesale, (Indexes):
Boards, No. 2 and better, 1" x 6", R. L.
1957-59=100—
Flooring, B and better, F. G., 1" x 4", S. L.
1957-59=100—
Western pine:
Orders, new.— ._—
—..mil. bd ft
Orders, unfilled, end of month
_._
_do—
Production....
___
do
Stocks (eross), mill, end of month
do—
Price, wholesale, Ponderosa, boards, No. 3, 1" x
12", R. L. (6' and over).— $ per M bd. ft
•
26
8
17
81.14
•82.01
83.10
82.99
82.03
81.51
81.52
81.40
81.05
79.75
78.69
82.61
83.41 .f82.63
153. 07
152. 42
151.90
153. 45
153. 45
155. 52
155. 52
155. 52
155.52
155. 52
155. 52
155.52
157.60 P158.26
529
274
550
289
580
306
558
294
573
284
563
267
529
260
536
253
554
265
490
260
459
281
583
357
475
346
568
341
501
505
529
527
542
531
557
563
539
570
548
583
557
580
521
536
537
543
520
542
505
495
528
438
500
507
498
486
566
573
1,380
6,414
832
5,583
1,335
8,557
976
7, 581
1,400
10,643
1,011
9,632
1,394
8,694
788
7,906
1,363
10,050
847
9,203
1,328
9,692
1,521
8,171
1,305
8, 400
823
7,577
1,290
9,496
1,691
7, 805
1,284
8.033
800
7,233
1,262
8,500
860
7,640
1, 272
6, 711
532
6,179
1,362
1,355
9, 471 2 2, 515
1,187
8,284
1,367
4,790
92. 5
92.7
92.6
92.7
93.2
92. 7
92.9
92.3
92.4
92.9
92.7
92.0
92.3
92.5
92.6
95.2
95. 3
95.4
95.4
95.4
95. 1
95.1
95.1
95.0
95.3
95.3
95. 6
95.6
95.6
95.6
840
383
880
463
864
496
886
484
828
437
904
459
938
485
883
453
913
430
966
434
726
413
848
463
813
537
806
479
960
524
832
840
1, 654
882
871
1,606
918
869
1, 542
842
898
1,486
884
875
1, 495
865
883
1, 477
918
911
1,484
1,003
915
1,572
1, 087
936
1, 723
1,003
962
1, 764
781
747
1,798
809
798
1,809
646
738
1, 716
766
865
1,617
965
916
1,666
67. 42
65.49
66.45
68.05
69.92
69.01
67.16
65.52
63. 73
63.52
62. 63
63.15
63.66
68.41 p 70. 56
2.9
10.8
2.8
2.7
6.5
2.7
11.4
2.4
2.6
6.2
3.0
12.4
2.3
2.4
7.8
3. 1
12.5
3.0
2.7
7.9
2.8
12.5
2.7
2.6
7.9
3.1
12.2
2.9
3.4
7.3
2.6
11.3
2.4
3.6
6.0
2.5
11.1
1.4
2.4
4.8
2.5
10.9
2.1
2.3
4.4
2.6
10.6
2.8
2.9
4.3
2.2
10.4
2.0
2.4
4.2
2.1
10.1
2.3
2.4
4.0
2.5
10.7
2.2
1.8
4.3
2.8
11.5
2.3
2.1
4.6
2.8
12.0
2.5
2.4
4.6
68.3
45.2
69.3
69.1
43.6
68.3
50.4
70.2
68.7
52.2
74.7
68.6
71.2
73.2
52.5
69.4
62.3
73.2
72.3
53.4
58.1
54. 1
70.3
68. 1
54.4
62.5
48.5
72.1
70.4
53.1
74.5
50.4
72.1
72.6
52.6
75.2
53.3
69.0
70.0
50.1
67.0
48.8
70.2
72.4
47.9
65. 7
39.5
74.3
74.7
47.5
57.7
35.3
64.8
62.0
50.4
54.8
35.6
67.0
58.8
64.5
65.8
39.4
65.0
62.0
57.5
58.3
45.7
60.1
54.7
60.2
63.2
47.7
64.3
63.7
58.5
1,360
HARDWOOD FLOORING
Flooring:
Maple, beech, and birch:
Orders, new
_
.——mil. bd. ft..
Orders, unfilled, end of month. _.__..___ do
Production
_— —
"do
Stocks (gross), mill, end of month
do
Oak:
Orders, new
__ _
do
Orders, unfilled, end of month _ _ _
do
Production.
_
do
Shipments
do
Stocks (gross), mill, end of month..— .—do
iQfi Prelj?mfar/- ,.1 Monthly data beginning 1965 and monthly averages
M*™ft «
are adjusted to the level of production indicated by the 1963 Census of
Manufactures: revised monthly data will be shown later. 2 See note "&» for p. S-21. a BeS??Sf «SP • 9£3' da*a Delude small amounts formerly included.
JRe visions by months
US repOTtS M31A (62) an(i (63) 13; those for 19 3 wil1 be
?hownY t r r ° OWn m
~
^
d"Revised data will be shown later as follows: Jan. 1961-Dec. 1963 for production, shipments, and orders; Jan-Dec 1963 for stocks; revisions for 1951-62 for stocks appear on p. 28
of the Jan. 1964 SURVEY. ©Beginning Jan. 1961, data for Alaska included in pertinent items.
SURVEY OF CUKRENT BUSINESS
S-32
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1 1964
Monthly
average
May 1965
1964
Mar.
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
METALS AND MANUFACTURES
IRON AND STEEL
Exports:
Steel mill products
thous. sh. tons
Scrap
do --Pig iron*
do
Imports:
Steel mill products ^
Scrap 1f
Pig iron*
--
do
-- do_
-- -------- _ _ — do
Iron and Steel Scrap
Production and receipts total
thous sh tons
Home scrap produced
do
riircna* e . c i •
^ /
^f
v
'
q' pnd of mo
do
9
182
530
6
273
657
15
235
744
0)
218
708
14
256
770
34
300
679
39
333
718
27
330
709
2
259
677
22
298
619
8
265
495
14
348
624
10
*454
19
55
537
25
63
474
23
21
495
16
29
544
17
78
604
31
99
582
17
90
525
24
95
493
24
48
555
36
101
734
36
75
523
23
49
6,813
4,263
2,550
7,162
7,302
7,069
4,445
2,624
7,340
7,030
7,243
4,496
2, 748
7,351
6, 921
7,035
4,331
2,704
6,831
7,129
6,634
4,254
2,379
6,460
7,317
6,864
4,330
2,534
6,766
7,413
7,228
4,532
2, 696
7,133
7, 510
7,498
4,648
2,850
7,579
7,428
7,218
4,534
2,683
7,372
7,287
30.36
32. 00
30.62
33.50
31. 91
34.50
33. 22
36.00
37.05
38.00
34. 90
36. 00
35.41
38.00
36.39
39.50
36.98 ' 36. 61
40.00
39.00
5,731
5,000
2,403
8,918
9,758
3,451
9,448
10, 227
4, 752
9,199
11,059
5,070
9,238
10,969
5,062
9, 002
10, 222
4, 717
7, 730
10, 201
4, 385
5,290
7,678
3,700
4,459
2,945
3,501
13, 432 14, 029
10, 558 10,019
719
621
65, 666 68, 868
18, 501 17,722.
43, 124 47, 134
4,041 4, 012
15, 077
10, 002
934
72, 074
15, 861
52, 209
4,004
14, 497
10, 363
852
74,365
14, 129
56, 343
3,893
13. 676
10, 270
945
76, 525
12,910
59, 758
3, 857
13, 141 11, 476
6,249
11,069 10,900 11, 472
309
928
648
76, 367 74,465 70,490
10, 439 8, 051 9, 565
61,831 62, 407 57, 184
3,741
4,097
4,007
6,168
3,715
2, 453
6, 218
7,977
Prices, steel scrap, No. 1 heavy melting:
Composite (5 markets).
$ per Ig. ton.. 26. 78 P32.77 28.85
31.00
27.00 *34. 70
Pittsburgh district
do
Ore
Iron ore (operations in all U.S. districts) :
6,778, 4,167
\VTine production
-thous. Ig. tons.. 6,060
6,876 1,598
6,156
ShiDment^ from mines
do
3, 535 2,017
Imports
_____
do__ __ 2,791
TT.S. and foreign ores and ore agglomerates:
8,458
3,491
9,860
Receiptsft}-iron and steel plants ;;
do
Consumption at iron and steel plants___do— __ 8,669 10, 183 9, 764
568
195
580
"Pxports
do
73,797 '70,990 66, 078
Stocks total end of rno
do
15, 049 '14,521 18, 632
At mines
do
53, 376 '52,220 42, 739
At furnace yards
do
5, 372 4,249 4,707
At U S docks
do
84
62
86
Manganese (mn. content), general importsf. .do
7,323
9,801
347
63, 889
19, 350
40, 250
4,289
3260
160
318
3
281
347
19
29
452
16
32
1,025
3 110
(13)
4,516
1,782
2,192
35. 79 p 35. 41
38. 00 p 37.00
4,169
1,747
2,382
3,981 4,053
11, 522 10, 446
195
3139
65, 179 60, 990
12, 310 14, 732
49,643 43, 249
3,009
3,226
105
53
110
80
64
41
92
194
108
97
104
6,910
7,030
6,973
7,058
7,435
7, 506
7,076
7,063
7, 006
7,059
7, 158
7,244
7, 142
7,262
7,780
7,843
7, 674
7, 641
7,958
8, 013
7,312
4, 748
11, 566
36, 431
2,454
Pig Iron and Iron Products
Pi? iron :
Production (excluding production of ferroalloys)
thous. sh. tons..
Stocks (consumers' and" suppliers'), end of mo.
thous. sh. tons. _
Prices:
Composite
.____,___
$ per Ig. ton—
Ba^ic (furnace)
do
Foundry No 2 Northern
do
Castings, <rray iron:
Orders, unfilled, for sale, end of mo.
thous. sh. tons.:
Shipments total
do
For sale
do
Castings, malleable iron:
Orders, unfilled, for sale, end of mo.
thous. sh. tons..
Shipments total
do
For sale
do
5,993
6, 057
7,133
2,814
8,204
2, 569
2,493
2,400
2,501
2, 529
2,485
2, 404
2, 375
2,410
62.87
63.00
63.50
62. 75
63.00
63. 50
62.75
63.00
63.50
62.75
63.00
63. 50
62.75
63,00
63. 50
62.75
63. 00
63.50
62.75
63. 00
63.50
62. 75
63.00
63. 50
62. 75
63.00
63.50
62.75
63.00
63.50
62. 75
63.00
63.50
62. 75
63. 00
63. 50
62.75
63.00
63.50
62.75
62. 75
63.00 *> 63. 00
63.50 p 63. 50
783
1, 084
591
845
1, 193
678
817
1,229
687
837
1,264
699
859
1,227
678
834
1,245
697
891
1, 116
635
902
1,191
731
859
1,255
762
878
1,221
733
841
1,202
726
855
1,202
682
924
1, 241
699
949
1,201
674
81
78
44
103
83
49
94
88
47
92
93
52
92
95
54
95
89
49
101
71
44
112
80
48
112
85
52
115
76
54
121
76
47
122
83
49
123
95
54
130
90
50
9,105
112.5
10, 590
130.5
10, 497
127.2
10,561
132. 3
11,060
134.1
10, 185
127.6
10, 106
122.5
10, 515
127. 5
10, 669 11, 568
133.6 140.2
11, 292
141.4
11,612
140.7
11, 830
143.4
219
125
100
328
153
122
345
157
129
331
162
132
323
154
126
322
162
130
321
141
112
317
137
108
316
157
124
344
'163
127
340
154
121
337
163
127
370
158
124
334
159
125
2342
2129
298
420
130
101
328
138
107
334
137
107
331
131
101
340
136
104
356
112
83
362
115
90
376
133
103
389
135
104
406
128
99
420
139
105
6,296
263
443
603
92
7,079
352
507
708
116
7,124
394
468
679
141
7, 359
333
509
737
143
7,271
344
543
699
129
7, 065
385
503
679
129
6,869
334
526
688
105
6,993
352
524
669
89
7,344
361
554
726
96
7,367
386
562
793
99
7,314
418
546
762
108
7,673
401
540
834
129
8,050
385
566
844
132
7,839
414
530
742
135
9,590
469
638
871
163
972
1,140
1, 145
1, 100 1,095
Bars and tool steel, total
_
do
631
722
702
734
700
Bars: Hot rolled (incl. light shapes)
do____
224
283
262
281
269
Reinforcing
do
110
126
123
122
122
Cold finished __ _ _
do
587
759
665
721
Pipe and tubinsr
!_____
do
678
262
299
276
299
259
Wire and wire products
____do_
488
556
545
553
507
Tin mill products
do
2,587
2, 860 2,884 2,838
2,852
Sheets and strip (Incl. electrical), total. ..do
735
843
834
878
829
Sheets- Hot rolled
do
1,209
1,327
1,311
Cold rolled
do
1,308 1,320
Steel mill products, inventories, end of mo.:f
9.3
10.0
9.4
9.2
Consumers (manufacturers only) mil sh tons
9.7
5.3
4.8
Receipts during month _ _ _ _
do
5.3
5.1
5.2
5.4
4.7
5.2
Consumption during month____
do.
5.3
5.0
3.4
Warehouses (service centers)
do
3.6
3.4
3.6
3.7
Producing mills:
7.4
7.9
In process (ineots, semifinished, etc.)
_do__ __
8.0
8.4
8.4
Finished (sheets, plates, bars, pipe, etc.)_do____
7.6
7.1
7.6
7.6
7.8
Steel (carbon), finished, composite price.. .$ per lb— .0705
.0715
. 0715
.0715
.0715
r
Revised.
*> Preliminary.
1- Less than 500 tons.
2 Reflects £tdjustme nt to ind ustry
levels as derived from complete canvass for 1962. A nnual sh ipments for 1962 vere
^ rais(?d by
10%, backlog (as of Dec. 31, 1962) by 9%; revisions for 1964 are pend ing.
3 See note "O"
for p, S-21.
*New series. Monthly data back to 1953 are available
1, 113
686
295
124
752
297
544
2, 663
750
1,208
1,066
641
312
106
778
246
576
2,550
743
1, 142
1, 109
686
301
114
741
260
538
2,712
788
1, 208
1,142
709
304
121
733
273
476
2, 984
879
1, 341
1,182
740
302
131
692
273
430
2,949
867
1,279
1,145
745
265
126
610
234
399
3, 092
862
1,458
1, 170
755
266
139
671
227
415
3,286
901
1,572
1,199
848
186
155
601
273
635
3,415
955
1, 610
1.157
786
201
160
688
280
636
3,256
929
1,507
1,462
986
262
203
970
369
818
3,829
1,060
1,774
9.2
5.2
5. .2
3.6
9.5
4.7
4.4
3.7
9.5
4.8
4.8
3.8
9.6
5.4
5.3
3. 7
10.0
5.1
4.7
3.8
10.5
5.5
5.0
3.9
11.2
6.0
5.3
4.1
11.9
6.0
>5.3
4.1
12.5
5.9
5.3
P4.1
P13.6
P7.3
p&2
Steel, Crude, Semifinished, and Finished
Rt.eel ingots and steel for eastings:
Production
thous sh tons
Index. _
——
_
1957-59=100Steel castings:
Orders, unfilled, for sale, end of mo.
thous. sh. tons..
Shipments, total-—._ _ _ _ — - — .do
For sale total
do
Steel forgings (for sale) :
Orders unfilled, end of year or mo
do
Shinments total
do
Closed die (drop upset press)
do
Steel products, net shipments:
Total (all grades).
.
do
Semifinished products
do
Structural shapes (heavy), steel piling___do_-__
Plates
_ _ _ _ _
do
Rails and accessories. _
_ _ _ do
62.75
10,866 ••12,347 J»ll, 956
145.8 149.7 P149.7
8.3
9.0
8.6
8.6
9.1
P 7. 9
8.8
9.2
8.8
9.0
7.7
8.4
7.5
P8.4
7.6
8.3
8.6
7.8
8.7
, 8.5
.0715 .0715 .0715 . 0715 .0715
. 0715 .0715 .0715
.0715
.0715
.0715
HBe ginning Sept. 196 3, import s reflect adoption of the U .S. Tarif I Schedu les; data may not
be str ictly conaparable with fig ures for prior peiriods.
fEff ective O ct. 1963 £SURVEY, data for steel conBurners r aflect recalculatecilestimat as based
on qu antity coverage ftictors. ] Revisions back to Oct. 196 1 appear in the 0 ct. 1963 £>URVEY.
S-33
SURVEY OF CURRENT BUSINESS
May 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
Monthly
average
1965
1964
1964
Mar.
Apr.
May
June
July
Aug.
Oct.
Sept.
Nov.
Dec.
Jan.
Feb.
Mar.
413
365
3, 022
Apr.
METALS AND MANUFACTURES—Continued
IRON AND STEEL— Continued
Steel, Manufactured Products
Fabricated structural steel:
Orders, new (net)
Shipments
Backlog, end of year or mo
thous sh. tons
do
_ ___do
336
341
2,322
Barrels and drums, steel, heavy types (for sale) :
Orders, unfilled, end of mo
thous
Shipments
._ '_ _
do
Cans (tin plate), shipments (metal consumed)
total for sale and own useO
thous sh tons
1,273
1,922
384
355
2, 313
387
360
2,276
368
377
2, 261
478
412
2,300
347
379
2,490
258 1, 389
2 026 r 1, 959
1 379
2,108
1,334 '»• 1, 276
1,960 r 2, 159
r 1, 370
375
353
2,712
r
l
r
379
374
2,497
1,248
2,146 ' 2, 184
408
362
2,599
r
1,246
2, 262
r
355
379
2,575
433
320
2,727
358
309
2,712
386
316
2, 740
417
294
3,751
1, 165
2, 036
1,146
•r 1,879
1,154
1,959
1, 243
1, 711
1,303
1,665
432
467
519
500
426
329
331
318
363
214.6
63.0
203. 7
56.0
216.1
51.0
217.2
51.0
211.3
51.0
218. 4
58.0
214.0
50.0
222. 8
54.0
222. 7
56.0
203.2
35.2
4.9
20. 0
35.6
4.1
20.4
36.8
46
17.2
40.4
5.4
14.6
26.7
3.4
18.9
44.3
3.5
19. 1
25. 6
33
17.2
20 3
38
15 1
27.8
3.7
20.3
12.9
•1.1
17.5
33.4
3.9
15.6
106 0
. 2343
93.3
.. 2350
99.5
,2350
87.0
.2383
92.0
.2400
104.3
.2400
109. 9
.2400
121.4
.2400
116.1
. 2410
96.9
.2434
107.5
.2450
97. 7
.2450
527.8 r 588 0
355.3 r398 5
165.5 r 186 1
79.4
82 8
644 1
430.1
221. 7
88 5
610.6
414. 3
190.8
90.1
597.9
399.1
191.7
85.7
643.4
418. 2
202.2
87.2
567.3
401.0
180.4
70.0
559 9
385.4
178.8
76.9
602.7
398.6
181.0
82.4
576.2
•411.2
183.8
72.2
530.4
379.4
169.4
80.0
651. 0
422. 0
192. 0
85.2
r
530. 6
f 401. 5
187.8
90.1
101.1
133.0
101.6
31.4
24.0
2
0
0
0
7
112.1
145 0
109.6
35 4
29.4
111.9
144.9
113.3
31. 6
27.0
115.4
147.9
111. 7
36.2
27.0
113.8
153.4
116.1
37.3
28.5
73. 9
125. 2
94.2
31.1
27.4
77.7
110 8
78.1
32 7
27.2
93.1
110.4
83.0
27 4
27. 1
115.3
140 4
107. 9
32 4
32.0
111 1
134 8
110 7
24 1
26.6
111.7
156 1
121.9
34 2
33.7
115. 7
146.6
115.0
31 6
31.4
107.1
131.4
107. 0
24.3
31.2
120. 7
150. 1
118.8
31. 3
35.4
69.8
14.0
26.2
6. 7
45.4
35. 5
12.6
381
395
340
383
192. 7
59.0
212 7
58 0
214 2
67.0
208. 3
69.0
34. 7
3.4
13.8
32 7
41
17 4
36 5
41
15.9
105.6
.2262
103 5
2372
00-1
NONFERKOUS METALS AND PRODUCTS
Aluminum:
Production, primary (dom. and foreign ores)
thous. sh. tons
Estimated recovery from scrap f.
-do _
Imports (general) :
Metal and alloys, crude
'.,
.do
Plates, sheets, etc
_
do
Exports, metal and alloys, crude
_ - -do
Stocks, primary (at reduction plants) , end of mo.
thous. sh. tons
Price, primary ingot, 99.5% min_____ $ per Ib
Aluminum shipments:
Tneot nnd mill products (net) A
Mill products, total
Plate and sheet fexcl. foil).
Castings..
.____
mil Ib
_
do
.._____ do
do
1
T
r
.2450
631. 7
413. 9
196.2
Copper:
Production:
Mine, recoverable copperf
thous. sh. tons
Refinery, primary.....
do
From domestic ores
do
From foreign ores,
__
do
Secondarv, recovered as refined
do
Imports (general):
Refined, unrefined, scrap©f_
_do_~_
Refined.--_ _ _ _ _ _ _ _ _ do
Exports:
Refined, scrap, brass and bronze Ingots do
Refineddo
Consumption, refined (by mills, etc.)
do
45.1
9.9
48 7
11 5
60. 0
10.3
42.1
10.9
50.6
10. 7
48.0
11.4
47.9
12.5
45.5
12.6
51.1
14.1
52. 4
95
36. 3
11 4
30.0
26.0
146.2
r 35 9
26 4
154 9
33. 2
25 4
162. 2
33.6
28. 2
183.8
33.4
25 9
163. 9
33.4
25 7
178 5
33.9
25. 1
114.4
24.9
16 4
150.4
33.8
22 7
152 1
40 5
26 8
162 4
40 2
27 0
148 6
r
32.7
'58. 0 r 1l 21.5
63.5
26 2
15.4
37 0
48 3
160 2 P 166. 4 * 167. 5 Pl78. 5
Stocks, refined, end of mo., total. _ _ _
do _•_
Fabricators'
~-.
_
do
Price, bars, electrolytic (N.Y. ) _ _ _ _ _ _ _ _ _ $ perlb
175. 4
96.0
.3060
142 5
94 2
3196
140.7
88.8
.3112
135.9
88.2
.3160
132.9
86.4
.3160
125.6
90.2
. 3160
163.2
116.0
.3160
157.1
108. 1
.3160
147. 0
92 6
.3223
138. 5
87 2
. 3361
144. 2
90 7
3366
149.6 P158.2 P146.4 P120.8
110.0 P91.9 P83.0 v 74. 9
. 3370 . 3360 .3360
. 3360
Copper-base mill and foundry products, shipments
(quarterly avg. or total) :
Copper mill (brass mill) products _ _ _ _ _ _ _ mil. Ib
Copper wire mill products © . - _ _ _
__,
do
Brass and bronze foundry products
do
616
428
239
697
498
266
692
467
259
Lead://
Production:
Mine, recoverable lead t _______thous sh tons
S econdary, recovered from scrap © _ _ _ _ „ __do
21.1.
41.1
23 6
42 8
24 4
42.6
24.0
42. 3
23.5
45.9
24. 0
42.3
23 4
41. 0
23 5
42.0
22 8
46 1
23 5
46 0
23 4
44. 0
23 3
41.8
31.3
96.9
27 8
98 9
31.2
92.1
26.0
97.4
26.4
96.7
32. 1
100. 6
27.6
91 5
23.2
98. 2
23.3
100 9
28 8
104 4
19 2
100 9
110 2
98 4
111.5
109. 2
97.7
94 1
94.0
96 5
92 9
94 4
56.7
119 9
39 1
108 8
45. 6
118 6
40.6
120 3
30.1
117. 7
29.0
127 5
30.9
132 7
32.9
119 9
36 5
120 5
40 9
125 7
66.4
.1114
68 6
. 1360
72.8
. 1300
70. 8
. 1300
67. 4
.1300
65.1
.1300
66.5
.1300
63.6
.1301
57 4
. 1400
738
3,146
2, 025
255
7, 165
5,085
2,046
2,227
1,985
260
7,285
5,190
313
2 272
2, 050
235
7,265
5, 235
301
2 530
2,130
260
7 315
5,130
498
2 968
1,695
260
6 430
4 805
451
4 194
1,860
220
6 885
5 040
1, 079
964
343
21,810 20,120 19, 600
. 3351 . 3485
.3482
290
18, 560
1. 5060
160
18, 480
. 5965
Imports (general), ore©, metalf
Consumption, total! .-.
do
do
Stocks, end of year or mo.:
Producers', ore, base bullion, and in process©
(ABMS)
.__
„_„
thous. sh tons
Refiners' (primary), refined and antimonial
(lead content)
.-thous. sh. tonsConsumers' d"___ _.
_
do
Scrap (lead-base, purchased), all smelters
thous. sh. tons
Price, common grade (N.Y.)__
-__$perlb__
Tin:
Imports (for consumption) :
Ore©_.-_
...
„
— ~— ___Ig. tons
Bars, pigs, etc.
__
do
Estimated recovery from scrap, total©,, do
As metal-_______ _ _ _ _
___
do
Consumption, pig, total
____
... do
Primary-.-..—— —_
______
_ _ do
(2)
3,596
1, 861
255
6, 525
4,601
104
138
105
33
27
(2)
2 632
1,948
254
6, 898
4,873
Exports, incl. reexports (metal).
___ do
135
328
Stocks, pig (industrial), end of nio§
do
25, 610 21,909
Price, pig, Straits (N.Y.), prompt— .$ perlb.. . 1664 . 5772
Zinc://
Mine production, recoverable zinct
44.1
, '
'./
thous. sh. tons-47.7
T
Imports (general) :
Ores©f-._____.
...__..
„
do
31.1
29 8
Metal (slab, blocks)^...
..___„_
do.___
12.1
9.9
Consumption (recoverable zinc content) :
Ores©.-—.....
.do
8.7
82
Scrap, all types.
. _ _ _ __„
_ do—
17.0
16 7
732
521
281
31.2
103. 0
26.5
98.5
90 8
98 4
100 4
99 1
38 2
115 3
39.1
108 8
35.6
106 5
34.6
101 0
60 6
. 1450
61 8
.1500
68.6
. 1566
74.3
. 1600
70.6
.1600
505
2 045
1 890
245
6 750
4 730
357
2 407
2^090
300
6 655
4*620
312
1 768
1 875
275
6 190
4 245
268
2 422
1,980
28 f>
6 795
4 680
473
1 845
2,035
240
7 090
4 900
17
2 239
2,035
240
8 970
4 980
311
22,635
1.6167
162
23 225
1, 8538
182
20 420
2. 0461
90
21 285
1. 9027
403
24 343
1. 6311
50 3
47 4
46.9
46.9
47.7
49 3
46 8
27 6
9.7
35 9
9.1
qq
K
on 1
98 Q
S)A
7.9
96
89
16 9
72
16 9
89
17 1
7
ic 9
O f\
p
^6flisef
Preliminary/ * See note "Q" for p. S-21,
2See note "©"for this page.
o2 oeo OT!S nT fac1i0?s todenvetonnage equivalent (1963, 23.5 base boxes per ton of steel;
962, 23.2Jboxes); revisions back to 1961 are available.
tEffeetive Dec. 1964 SURVEY, data for all periods represent estimated industry recovery
of-aluminum (excluding alloying constituents).
^ ABeginmng Jan. 1962, net shipments of ingot derived by new method to include imports
not previously included -revisions back to Jan. 1961 are available. .Revisions for 1962 are in
the Sept. 1963 SURVEY; those for 1st half 1963 are available upon request.
26.3
104 8
47.0
Q
K
17 1
8
r
'23 3
45.9
28 5
10.5
ic 7
(*
93
7 t>
IRQ
96
8
12 3
Ifi A
1
251
219
23 655 24 035
.5726 1. 5498
47 5
50 5
49 7
OO Q
OQ 1
q'fi o
12 1
15 1
9 4
p
o c
Ifi ft
.3360
705
513
280
24 0
44.3
48.4
8.9
o o
664
519
267
699
485
256
. 2450
1R Q
Q
25 8
. 1600
. 1600
1.6498
1. 8067
fi
107
©Basic metal content (for tin ore, Sept. 1963 through Apr. 1964 data are in terms of gross
weight).
f See similar note, bottom p. S-32.
'/Beginning Aug. 1964, data reflect sales to the industry of metal released from the Government stockpile.
cf Consumers' and secondary smelters' stocks of lead in refinery shapes and in copperbase scrap,
8St.oo.lrsT
§Stocks
reflect surplus tin made available to industry by GSA.
SUEVEY OF CURRENT BUSINESS
S-34
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963
1964
Monthly
average
May 1965
1964
Mar.
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr..
METALS AND MANUFACTURES—Continued
NONFERROUS METALS AND PROD.— Con.
Zinc— Continued
Slab zinc: ||
Production (primary smelter), from domestic
and foreifin ores
tfaous sh tons
Secondary (redistilled) production
do
Consumption, fabricators'
_._ do
Stocks, end of year or mo.:
Producers* at smelter (AZI)A
do
Price, prime Western (St. Louis)
$ per fb ._
HEATING EQUIPMENT, EXC. ELECTRIC
Radiators and convectors, shipments :
Cast Iron
mil. sq. ft. radiation..
Nonferrous*
- ---do
Oil burners:
Shipments....
— ,.
thous—
Stocks end of year or mo
do
Stoves and ranges, domestic cooking:
Shipments, total (excl. liquid-fuel types)... do
Gasd"
.._„
do
cjfoyeg domestic heating shipments, total
do
Warm-air furnaces (forced-air and gravity air-flow),
shipments, total
thous—
Q&<?
do
Waiter heaters cas shipments
do
MACHINERY AND APPARATUS
Fans, blowers, and unit heaters, qtrly. totals:
Unit heater croup new orders
do
Foundry equipment (new) , new orders, net
mo. avg. shipments, 1957-59 =100__
Furnaces (Industrial) and ovens, etc., new orders
(domestic), netf._
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-tvpe
do
Industrial trucks and tractors (internal combustion
Machine tools:
Metal cutting tools:
Orders new (net) total
"Domestic
Shipments total
Domestic
Estimated backlog
Metal forming tools:
Orders, new (net), total
Domestic
_
Shipments total
Domestic Estimated backlog
-
-
_
..__
:
74.4
5.0
92.1
2.8
80.6
5.3
99.0
2.2
86.0
5.2
95.2
1.7
83.7
4.7
100.0
2.6
84.8
5.3
98.3
3.6
80.9
5.2
99.5
2.7
78.9
4.9
94.7
4.4
80.7
5.4
100.9
2.6
77.6
4.8
108.6
4.1
81.8
6.3
109.6
1.6
80.0
5.8
100.4
.1
80.2
5.9
102.8
.3
79.2
6. 0
106.9
.8
75. 8
6.2
104.3
.6
47.9
92.1
. 1200
32.0
' 103. 0
.1357
46.0
93.9
.1300
43.5
89.4
.1332
38.0
85.6
.1350
30.4
87.2
.1350
25.7
89.5
.1350
29.5
83. 5
.1350
30.6
99.1
.1350
33.9
103.0
.1399
36.4
98.0
.1450
32.0
103.0
.1450
34.4
93.5
.1450
28.4
87. 0
.1450
1.0
9.2
.9
9.4
1.1
7.4
.8
7.0
.5
8.1
.7
9.9
.7
9.0
.9
10.5
1.2
13.6
1.3
12.9
.8
9.6
.7
8.8
.6
8.2
.8
7.3
48.8
42.2
47.3
42.6
40.2
47.9
36.6
49.8
38.5
54.5
48.1
59.5
42.8
54.4
62.0
50.5
66.7
46.2
62.9
41.9
50.6
39.5
35.4
42.6
'44.8
'38.2
38.4
39. 1
176. 0
173. 1
183.3
180.9
200.0
197.4
195.4
193.5
173.1
171.1
189.7
187.2
162.1
159. 6
196.3
193.5
203.9
200. 7
205.0
201.4
174.6
172.6
174.1
172.1
150.7
167. 0
161. 9
101.5
150.9
102.3
112.9
77.5
89.6
53.4
100.6
60.8
171.0
122.6
205. 4
142.8
222.4
158.7
231. 9
160.4
283. 7
194. 9
132.9
92.5
98.6
70.6
--49.9
49.2
117.8 ' 118.8
95.3
96.8
200.3 223. 3
99.3
82.9
244.9
99.7
84.3
237.7
96.1
80.4
198.9
111.6
93.1
215. 0
120. 5
100.7
213.2
139. 7
111.3
213. 0
169.1
131. 3
230.7
170.2
134. 6
256.5
121.9
97.0
190.5
106.3
87. 9
194.2
'104.3
'85.2
210.0
99.3
79.0
230.4
141.0
115.7
145.6
118.7
41.6
13.2
131.9
218.6
272.9
242.6
244. 1
9.6
1.1
4.8
10.5
1.3
6.8
7.4
1.2
3.8
7.4
1.0
3.7
7.5
1.2
3.2
9.2
.9
3.6
10.8
1.0
6.8
8.2
1.1
3.4
49.7
18.0
221.4
122. 1
201. 6
358.5
380.8
407.3
11. 1
1.2
5.3
13.7
1.8
6.4
8. 3
1.1
4.1
13.6
1.4
5.6
13.8
1.3
5.1
11.9
1.9
5.5
157.8
249.0
16.0 — ----4.3
7.5
162.5
157.7
135.0
138.9
153.0
147.4
155.2
150.6
163.1
169.3
139.9
184.9
547
581
574
594
548
578
581
510
581
523
653
636
581
519
473
585
555
632
604
688
585
671
724
694
564
566
572
627
2,434
3,014
2,862
3,032
2,961
3,109
3,003
2,730
3,127
3,316
3,208
3,762
2,944
3,176
mil. $_
_do
do
do
months
59. 50
47. 50
49.90
41.10
5.2
81.35
67.40
65.95
53.05
6.6
77.70
61.40
63.80
48.45
6.4
91.55
79.55
64.85
52. 35
6.7
85.00
70.10
70.75
57.50
6.6
100.10
83.35
73.80.
62.25
6.6
78.10
66.50
60.00
51.70
6.7
73. 80
62.65
60.90
51.20
6.8
83. 60
68.00
72.30
56. 85
6.9
81.00
67.70
71.65
54.40
6.8
69.95
57.85
65. 65
52.75
6.8
81.05
70.75
86.50
70.35
6.3
81.85
72.95
68.10
58.55
6.5
' 91. 40
'78.00
' 70. 35
' 60. 45
6.7
95.10
83.75
89.25
76.45
6.6
mil. $__
-do
do
_do
months..
18.10
15.90
15.30
12.80
4.7
32. 35
29.40
19.00
16.70
9. 9
24.10
19.35
16.90
15.40
8.0
45.80
43.30
19.80
18.25
8.9
32.55
30.35
18.20
16.50
9.3
63.10
56.95
21.40
19.85
10.8
27.90
25.45
18.80
16.30
11.1
15.80
14.90
17.35
14.10
10.8
25.40
20.55
15. 90
13. 10
11.1
22.75
19. 45
21. 15
18.70
11.1
23.95
20.40
20.35
18. 10
11.2
38.25
36. 35
24.20
22. 00
10.9
20. 00 ' 22. 50
18.45 ' 20. 55
21.20 ' 24. 55
19.60 '22.80
10.5 ' 10. 2
24.75
23.05
27.65
25.10
10.0
i 312. 3 1375.4
178.5 199.4
J23.0 i 28. 0
173.6
187.8
344.7
79.6
27.3
........
317.2
93.4
20.4
237.8
234.7 --— —
2 69. 2
267.7
O ther machinery and equip. , qtrly. shipments :
Construction machinery (selected types),
total 9
.......mil. $_.
Tractors, tracklay ing, total
_ ____do
Tractors, wheel (con. ofT-highwav)
_do_ __
Tractor shovel loaders (integral units only),
wheel and tracklaying types
mil $
Tractors, wheel (excl. garden and contractors'
off-highway types)
mil $
Farm machines and equipment (selected types) ,
excl tractorsO
mil $
ELECTRICAL EQUIPMENT
Batteries (auto, replacement), shipments
thous..
Household electrical appliances:
Ranges (incl built-ins) sales total!
do
Refrigerators and home freezers, output I
1957-59=100..
Vacuum cleaners, sales billed
thous..
Washers, sales (dom. and export)..
___do
Driers (gas and electric), sales (domestic and
export)— — _
_
thous..
128.7
152.0
472.2
119.6
37.2
86.2
1150.9 'i 162. 7 ' 188. 7
i 210. 3 1238.6
277.7
367.6
105.0
27 2
109.0
83. 6
72.6
' 199. 6
120 4
142. 1
266. 5
219 8
190.6
2,653
2,442
1,394
1,602
1,591
1,816
2, 269
2,631
2,999
3,550
3,057
3,594
2,361 '2,215
1,771
155.8
163.8
194.1
157.4
153.4
163.7
142. 7
152.3
172.7
165.0
165. 9
187.6
151.2
171.9
205.5
127.8 P 141.9
375.6
353. 9
329.1 349.1
150. 8
420.5
372.0
151.5
383.8
299.2
150.9
337.8
300.8
163.0
335.2
345.8
128.5
294.9
351.6
102.3
389.9
384.7
158.3
435.1
462.0
118. 9
437.9
391.0
152.2
409.6
333.8
141.3
372.4
316.1
135.9
377.9
309. 5
161. 5
416.7
333.6
168.4
495.2
390.0
152.2
121.1
90.2
71.6
90.5
126. 1
172.0
248.4
233.8
199.4
193.1
145. 5
.152.3
145.8
133.0
Radio sets, prodnction§_.
do
1,523.5 1, 598. 0 31,639.1 1, 337. 4 1, 410. 7 31,770.9
797.5 3 877. 9
594.2
Television sets (incl. combination), prod.§__.do
712.7
584.2 3 835. 5
Electron tubes and semiconductors, factory sales ©
54.4
73.6
56.9
52.4
51.4
53.9
mil. $._
Insulating materials, sales, index.. __ 1947-49=100..
161
167
148
163
154
165
Motors and generators:
New orders, index, qtrly. _
do
U51
1178
159
186
New orders (gross) :
Polyphase induction motors, 1-200 hp._mil. $__
12.4
15.3
14.9
14.4
15.2
17.9
D.C. motors and generators, 1-200 hp_.__do
3.0
2.6
2.8
2.8
3.5
3.6
3
' Revised.
* Preliminary.
i Quarterly average.
2 p0r month shown.
Data
cover 5 weeks; other months, 4 weeks.
II See note "||", p. S-33.
A Producers' stocks, elsewhere, end of Apr. 1965, 6,500 tons.
*New series. Shipments (from The Institute of Boiler and Radiator Manufacturers)
represent the following approximate percentages of total industry shipments: Convectors,
90 to 95%; radiators and baseboards, 80 to 85%.
9 Includes data not shown.
cflncludes data for built-in gas fired oven-broiler units. Shipments of cooking tops, not
included in figures above, totaled 22,700 units in Feb. 1965.
138.2
20.2
.1450
45.1
18.3
46.1
25 4
176.0
22.9
.1450
1,055.5 1,633.4 32,193.8 1, 692. 8 1,700.0 «1,961.6 1, 702. 1 1, 825. 4 32,306.0 1,767.3
763.0
745.1 850.9 3 996. 0
956.3 913. 8 8931.6
517. 4
705.8 31,052.7
44.1
136
54.1
160
60.2
167
14.8
2.6
14.9
2.8
15.8
2.5
59.4
170
57.1
163
58.7
181
15i5
2.7
15.8
2.5
18.1
4.5
55.2
55.0
14.7
3.2
16.4
3.4
191
176
fAs reported by the Industrial Heating Equip. Assoc. for member companies, including
orders (not shown separately) for indust. ovens, atmosphere generating and combustion
equip., and miscel. items. Monthly data back to 1958 are available.
©Revisions for
1962 appear in the June 1964 SURVEY.
1 Revisions for 1961 are available.
^Revisions for 1962-63 appear on p. S-34 of the Apr. 1964 SUBVEY.
§Radio production comprises table, portable battery, auto, and clock models; beginning
Jan. 1964, data for television sets include color sets.
®See similar note, p. S-35.
SURVEY OF CURRENT BUSINESS
May 1965
1963
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1964
Monthly
average
S-35
1964
Mar.
Apr.
May
June
July
1965
Aug.
Sept.
,
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
1, 045
23
1? 305
1 171
PETROLEUM, COAL, AND PRODUCTS
COAL
Anthracite:
Production
thous. sh. tons.
Exports
do
Prices:
Retail, stove, composite......
$ per sh. tonWholesale, chestnut, f.o.b. mine.
do-
1, 522
279
1,382
131
1,155
86
29.39
13.361
13. 895
Bituminous:
Production -
thous. sh. tons.
38,244
Industrial consumption and retail deliveries,
total 9 __
-thous. sh. tons.
Electric power utilities
_
do...
Mfg. and mining industries, total
do...
Coke plants (oven and beehive)...
_do.__
r
1, 387
84
1,665
151
1 789
171
1, 127
158
1 245
142
1,240
128
1 275
120
1.278
78
1,348
61
1,262
132
31.40
14. 490
31.40
13.195
30.69
13.195
30.30
13.195
13. 699
13. 699
13.699
14. 196
14. 196
14. 196
14. 441
14. 441 *14. 441
40, 167
37, 850
38, 592
38, 900
41 613
31 987
41 949
43 275
45 439
41 463
42 959
39, 390
36 270
34,102
17, 420
14, 664
6,469
35,918
18, 586
15,640
7,388
36, 440
18,465
16, 098
7,015
33 055
16, 666
15, 303
7, 045
32, 702
16, 757
15, 324
7,537
33 218
17, 997
14 568
7,350
33, 764
18, 794
14, 237
7,447
34613
18, 685
14,774
7,457
34 470
18,013
14,864
7,482
37 415
18, 682
16, 449
7,964
36 964
18, 678
16, 355
7, 870
41 848 r 42 813
21, 174 r 21, 471
17, 768 18, 517
8,156 8,215
38 682
19, 608
16 331
7, 538
1,962
1,635
1,872
1,030
518
562
655
1,066
1,501
2,190
1,851
2,825
2,743
Stocks, Industrial and retail dealers', end of
month, total 9 — - thous. sh. tons.. 65, 692
Electric power utilities.
do.... 46, 139
Mfg. and mining Industries, total. _•
do____ 19, 103
Oven-coke plants
».___.
_ _ _ . _ _ d o _ _ _ _ 7,373
63,842
48,762
20, 149
8,665
63, 041
43, 717
19, 070
8,299
65, 043
45, 045
19, 743
8,411
68 619
47, 886
20, 420
8,841
700
331
012
375
65, 616
46,921
18,306
7, 461
67,682 71 392
48 443 51 279
18,823 20, 185
7,976
8 643
75 153
53 697
21 061
9 343
77 283
54 785
22 087
9' 873
389
416
428
395
411
376
310
256
4 038
5 250
4 263
4 973
3 718
3 791
12 218
2 675
'4 788 r'4 789 P 4 789
'7.176 ' 7. 175 v 6.960
Retail deliveries to other consumers
do...
70
49
21
9
2,906
75 342 r70 435
52, 661 49, 195
22, 305 '20,930
10 081 rg 517
450
366
254
255
313
357
Exports
;
.
... do
3,923
Prices:
Retail, composite
._$ per sh. ton.. 17.46
Wholesale:
Screenings, indust. use, f.o.b. mine..— do.... * 4. 748
Domestic, large sizes, f.o.b. mine
do.... 27.014
3,997
3,028
3,523
4 551
4 617
17.89
17.76
17.31
17.23
4.798
6.895
4.731
7.026
4. 807
6.524
4.832
6.482
4 840
6. 513
4.832
6.657
4. 829
6.800
4 814
6.987
4 810
7.016
4 810
7.094
4 810
7.144
thous. sh. tons..
81
do
-4,442
do__.
1 344
98
5,075
1,405
88
88
4, 855
4,821
1 457 1 366
90
5 192
1 409
79
5 037
1 438
67
5 164
1 501
90
105
5 138 5 141
1 415 1 349
115
5 476
1 382
138
5 370
1 QRA
154
5 564
1 412
..do...
do
do .
do
do
2 972
2 275
697
1,200
38
2, 392
1,982
410
1,354
45
2 567
2 141
426
1,329
27
2 337
l' 909
429
1,379
83
2 281
15862
419
1 393
40
2 353
1 876
477
1 417
61
2 357
2 359
1*878
1 915
479
444
1 379 1 339
59
36
2 346
1*973
070
1 324
' 63
2
Grade petroleum:
31,691
Oil wells completed
.number
2.93
Price at wells (Okla.-Kansas)— _ _ _ _ _ . _ $ per bbl.
Runs to stills.....
mil. bbl.. 264.2
87
Refinery operating ratio
% of capacity..
1,718
2.92
270.1
87
1 564 1, 566
2 92
2.92
258.4
269.9
87
84
1 542 1 730 1 819
2 92
2 92
2 92
267.6
281. 7
268.0
84
88
87
1 892 1 945
2 92
2 92
281.0
269.1
88
87
1 705 I QOfl
2 92
2 92
273. 3
262 6
86
85
1 662
2 92
279.8
88
Retail dealers
_~_
COKE
Production:
Beehive
Oven (byproduct)
Petroleum coke§
Stocks, end of month:
Oven-coke plants, total.
At furnace plants
At merchant plants
Petroleum coke
„____.____
Exports
do....
2 421
2 008
413
1, 359
25
1 975
1 713
262
1 375 1 359
36
62
911
1 88ft
qoq
67
46
20
9
41 290
41 605
141
589
296
225
'150
156
5 603 5 128
1 496 1 406
178
5 724
1 656 1 49fi
1 485 1 977
14Q
m1 461 1 507
1
' 57
59
1 S55
1 634
991
PETROLEUM AND PRODUCTS
, All oils, supply, demand, and stocks :J
New supply, total
.mil. bbl..
Production:
Crude petroleum.
_
do
Natural-gas liquids, benzol, etc....
do....
Imports:
Crude petroleum..
do..
Change in stocks, all oils (decrease,—)
1 455 1 554
2 92
2 92 v 2 92
277.1 250.3
87
87
327.4
337. 7
345. 7
335. 4
334.3
321.9
340.2
335.5
325.0
343.9
330. 3
350.5
362. 4
326.9
229.4
33.4
233. 8
35.0
240 6
36.0
233 1
34.0
235 8
34.4
228 3
32.9
233 7
34.5
232 6
34.9
227 9
34.7
907 q
9qn 7
949 3
918 A
35.6
35.5
37.0
240 9
37.0
34.4
36.6
32.4
.3
36.9
32. 2
6.4
33.1
35.2
8.8
36.0
28.2
24.7
34.4
26.3
1.1
43.8
28.1
12.9
40.7
27.2
16.6
36.9
25.6
3.2
39.2
31.8
1.8
34.1
30.0
4.2
31. 7
39.5
-43.2
37.3
47.1
—15.2
32.7
41.3
—22.1
qoc i
qoq o
T V7Q 7
qen o
*)t\ n
do
34.3
Demand, total
_
Exports:
Crude petroleum.
Refined products.-..
Domestic demand, total $
Gasoline
_
Kerosene
do
327.3
337. 4
339 4
326 6
309 7
320 8
327 3
319 0
321 8
q_[o i
.........do
do
do
do
....
do
.1
6.2
320.9
4
136. 0
4
14. 4
.1
6.0
331.2
142.0
14.9
.2
6.0
333.1
135. 5
15.2
.1
6.4
320. 1
140.6
12.6
.2
5.7
303.8
144. 9
11.1
.2
6.4
314.2
153.5
10.3
.1
6.7
320 5
156.7
12.3
.1
6.0
312 8
150.1
12.8
.1
5.6
316 2
145.6
13.7
0
5.4
320 7
131.5
15.1
.1
.1
6.5
335 6
147. 8
15.8
6.2
387 4
145.5
20.7
5.0
372 5
s 125.0
513.0
344 2
119.6
12.0
Distillate fuel oil....
Residual fuel oil
Jet fuel
__._
do
do
do
462,3
* 44. 9
9.6
62. 4
46.3
9.9
73.4
49. 7
9.5
59.6
48.2
10.3
46.8
37.5
10.4
43.8
35 7
11.9
41.2
10.3
41.4
36 7
10.7
48.1
38 3
10.6
56.8
45 1
9.8
65.9
45 7
9.7
94.5
61 2
7.3
92.2
65 9
U8.7
86.0
58 9
14.8
3.6
9.8
19.7
3.8
10.0
20.4
3.8
43
19.9
4.4
71
16.9
3.6
11 9
15.8
4.3
15 5
15.7
4.0
16 7
17.6
3.7
16 7
18.6
I K K
•|q ft
3.7
18.8
20.9
3.6
7 o
21.9
3.4
3Q
29.0
'25.7
831.1
246. 9
33 8
550.4
844.7
242. 5
38 7
563. 5
809.2
246.9
29 9
532.5
818.0
253.9
34 1
530.0
842.7
257.
3
qo Q
843.9
251. 2
856.7
246.3
873.3
237.9
546.5
550. 1
565. 3
588.7
876.5
232. 8
46.8
596.9
878.2
235. 2
46. 1
596.9
882. 5
236.8
43.2
602.4
839. 2
230.1
35.7
573.5
824.0
230.2
31.0
562.8
801.9
230.3
27.7
544. 0
135 4
.6
192.8
149 9
14.0 1
iqq n
.7
201.5
.8
220.4
.4
214.7
.5
210.9
140. 5
.7
198. 5
149.7
10
191.4
149.4
g
190.9
142. 5
5
188.6
145.9
7
187.2
141.4
7
197.2
147.3
g
199.5
5145.6
5
8
213.9
130.5
3
225.0
.109
.102
.105
.103
.105
.093
.090
.105
.113
.113
.113
.113
v .110
onn
.100
too
.095
201
. 196
.207
.201
.198
.201
.200
.202
.202
.198
.192
.212
Lubricants
Asphalt
Liquefied gases
_.
Stocks, end of month, total
Crude petroleum.. __
.
Natural-gas liquids
Refined products
Refined petroleum products :J
Ctesoline (in'cl. aviation) :
Production... _____
Exports
_
Stocks, end of month
do
do
do
... _
___
_
...do .
"do
do
do
do
do
do
Prices (excl. aviation):
Wholesale, ref. (Okla., group 3) .....$ per gal..
(1st of following mo.)
$ per gal
4
4
4
1QK
.
.
- S e e note " O " f o r p S-21
not entirely comparable with those for earlier
periods
s Begimiins j
l « 3 a t a exc
4
condensate wells formerly included.
See note 1 for p S-£? g s Beginning^Jan 1965
1 C l U d e S SP
- - 1 Phthas; aviation gasoline represents finished grSfnl
el
^°Tri?ieriy ^dedfwi£h kerosene) is now included w
9 Includes data not shown separately.
qo o
3.9
.1
3.9
•Ir
3.2
24. 1
.208
§ Includes nonmarketable catalyst coke.
JRevised data for months of 1962 appear on p. 28 of the June 1964 SURVEY.
NOTE FOR ELECTRON TUBES, p. S-34—© Beginning Jan. 1964, excludes sales
of receiving tubes; 1963 sales of such tubes averaged $22,800,000 per month.
SUEVEY OF CURRENT BUSINESS
S-36
1964
1963 j 1964
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
Monthly
average
May 1965
Mar.
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
PETROLEUM, COAL, AND PRODUCTS—Continued
PETROLEUM AND PRODUCTS— Continued
Refined petroleum productst— Continued
Aviation gasoline:
Production
- mil. bbl
Exports
do
Stocks end of month
do
Kerosene:
Production
do
Stocks end of month
do
Price, wholesale, bulk lots (N.Y. Harbor)
$ per gal
Distillate fuel oil:
Production
mil bbl
Tmjbort5?
do
Stocks end of month
do
Price, wholesale (N.Y. Harbor, No. 2 fuel)
Residual fuel oil:
Production
Imports
'
Exports
Stocks end of month
Price wholesale (Okla No 6)
Jet fuel' (military grade only) :
mil bbl
do
do
do
$ per bbl
Stocks end of month
do
Lubricants:
Production
do
Export^
do
Stocks end of month
do
Price, 'wholesale, bright stock (mldcontinent,
f o b Tulsa)
$ per gal
Asphalt:
Production
mil bbl
Stocks end of month
do
Liquefied petroleum gases:
Production
do
Transfers from gasoline plants
do
Stocks (at plants, terminals, underground, and
Asphalt and tar products, shipments:t
Asphalt roofing total
thous sounres
"Roll roofing and cap sheet
_
-do
Shingles all types
do
Asphalt siding
Insulated sidin0"
Saturated felts
_
do
do
thous. sh tons
1
1
10.4
A
10.7
10.7
5
9.4
10.6
6
10.3
10.2
2
10.3
10.5
.4
9.9
13. 8
31 7
14. 1
33 4
14.3
28 5
12. 5
29 1
11.7
30.5
10.8
.5
9.2
11.7
.6
9.0
11.6
.6
8.9
11.2
.3
8.5
10.1
.5
8.1
10.1
.5
8.7
10.9
.6
9.1
'44.7
4.8
8. 2
3.8
.2
8.5
11.6
12. 7
34.4
13.4
36.0
13.9
37.3
15.3
37.9
15.0
38.6
17.3
36.2
'*9.7
'424.0
8.7
20.7
«JQ
0
4
-
102
096
099
096
.094
093
.093
.093
.093
.093
.095
.099
.101
.101
* 63. 8
.8
1.3
1
135. 8
61 8
1.0
5
143 5
61.7
.9
.6
99.2
57.6
.8
3
97. 8
60.8
.7
.3
112.2
61.1
1.0
.3
130.3
64.2
.6
.4
153.6
62.0
.9
.2
175.0
59.4
.9
.6
186. 7
59.0
.8
.5
189.4
58.7
.6
.3
182. 6
66.2
1.9
.4
155.8
66.2
1.1
.4
130.6
60.1
.8
.2
105.3
». 101
092
086
089
086
084
083
.083
.083
.083
. 083
.085
.089
. 091
.091
P. 091
123.0
22.7
1.3
1
48. 6
1 57
22 3
24 7
1.6
42 7
1 50
22.3
24.7
1.7
39.1
1 50
21 2
28.0
2.0
38 5
1 35
20.8
19,8
1.4
40. 5
1.35
19.5
17.7
1.9
40.4
1 35
21.6
20.5
1.5
43.0
1.35
21.1
18.4
1.5
44.6
1.35
21.3
18.9
1.5
45.4
1.35
22.5
24.7
1.9
45.9
1.50
23. 5
23. 3
1.3
46.1
1.65
25.7
30.9
1.5
40.4
1.80
25.9
38. 7
1.5
38.3
1.80
23.3
34.2
1.7
35.7
1.80
pl.75
83
94
90
93
91
99
89
9 2
95
9.3
99
8.6
10 0
9.5
10 4
10.7
8.9
9.6
8.7
9.1
8.7
8. 9
8.2
9.9
414.9
417.7
13.7
18. 7
53
1.5
13 7
53
15
13 5
5.2
1.4
14 4
53
20
13 3
5.4
1.3
13.8
5.2
1.6
13 1
5.4
1.6
12.9
5.4
1.7
12.9
5.3 • 5.4
1.7
1.2
13.0
13.0
5.3
1.5
13.3
5.7
1.5
14.1
4.9
1.3
13.9
4.9
1.1
14.4
.270
270
.270
270
.270
.270
.270
.270
.270
.270
.270
.270
.270
.270
9.3
16 7
96
16 9
7.3
21 3
80
22 3
11.2
22.0
12.7
20 2
13.6
17. 8
13.7
15 4
12. 5
12.8
11.7
11. 1
8.2
11.7
6.1
14. 2
5.7
16.9
5.7
19.4
i 4. 7
15 2
49
15 6
5.2
15 0
48
12 3
5.2
11.5
5.1
11 4
5.1
12,8
4.9
14. 0
4.6
14.1
4.9
16.3
4.6
17. 1
5.1
22.9
r 4. 8
20.6
4.8
19.2
30 2
35 2
25 4
29 4
34 9
39 5
42 3
43 9
44 3
43.6
40 6
31 8
26.8
23 2
5 372
2,009
3 363
5 932
2, 192
3 745
4 705
1,777
2,928
5 719
2 042
3 677
6 921
2.389
4 532
7 586
2, 545
5,041
7 870
2,819
5,052
7,212
2,725
4, 487
7 396
2,811
4,585
7,378
2,891
4, 487
5 258
2, 114
3, 144
3, 587
1,407
2,180
3, 404
1,416
1,989
' 3, 880
1, 529
••2,351
5, 555
2,317
3.228
66
70
82
60
57
83
48
44
78
50
57
74
49
65
82
55
75
95
65
74
99
64
68
97
77
75
91
85
82
91
71
47
74
48
27
59
45
25
64
47
'23
70
49
38
91
1
'.270
PULP, PAPER, AND PAPER PRODUCTS
PULP WOOD AND WASTE PAPER
Pulpwood:
Receipts..
thous. cords (128 cu. ft.)_.
Consumption
do
Stocks, end of month
_ do _
Waste paper:
Consumption __
_
thous sh tons
Stocks, end of month
;_ _
do
5, 124
3,835
3 870
4, 064
4 027
4,763
4, 157
4 126
4, 987
3,843
4 119
4,690
3 992
4 213
4 428
4 120
3 952
4 478
4, 186
3 898
4 660
4, 254
4 151
4,620
4, 145
3 893
4^ 924
4,220
4 273
4,807
3, 801
3 977
4,769
3,841
3 829
4, 875
4,180
4 234
4' 893
3,789
3 925
4, 818
4, 158
4 293
4^809
796
501
783
480
799
470
821
476
803
468
795
467
686
485
827
476
797
474
861
468
787
482
737
522
789
507
784
498
885
497
2, 510
114
1 495
224
2 645
121
1 595
226
2 667
'l27
1 608
242
2 706
106
1 634
246
2 821
129
1 729
'241
2 608
132
1 543
223
2 509
'l07
1 545
211
2 769
124
1 688
234
2 545
106
1 529
222
2 818
'l26
1 708
244
2 624
111
1 602
192
2 544 r 2 781
121
120
1 516 r i 699
208
230
2 585
117
1 584
215
2 855
144
1V754
239
289
2 136
2
252
323
128
252
320
129
241
330
129
260
335
131
256
3^4
127
260
300
123
222
337
128
258
319
127
242
346
130
264
321
131
268
314
131
253
335
125
274
305
122
242
336
121
261
3 713
263
8 372
78
749
270
392
87
759
271
403
84
747
759
273
392
93
777
293
394
90
725
?63
377
85
728
268
381
80
r 743
275
381
80
r 738
233
414
Q4
762
278
389
95
7oc
387
771
286
394
90
' r 92
754
294
373
80
736
273
381
82
do
do
do
118
44
75
134
48
85
139
55
84
138
46
92
143
55
88
127
40
87
141
62
79
143
36
107
134
55
79
121
46
75
112
42
70
152
59
93
573
5 gg
5 15
76
32
44
do
_ _ _ _ _ _ .do
do
231
22
210
244
23
221
265
23
242
228
26
202
225
18
207
256
23
033
227
23
204
256
22
235
261
22
239
230
21
209
257
24
232
257
26
231
210
16
194
244
23
221
WOODPULP
Production:
Total, all grades
_
thous. sh. tons
Dissolving and special alpha. _ _ _ _ _ _ _ _ _ _ _ _ d o
Sulfate..
do
Sulfite
.
.
do
Groundwood____
.
do
Defibrated or exploded
...
do
Soda, semichem., screenings, etc
_ _ _ d o _.
Stocks, end of month :
Total, all mills
_
_
do
Pulp mills. - _ _ — _ . _
do
Paper and board mills
___
do
Nonpaper mills. __
do
Exports, all grades, total
Dissolving and special alpha.
Allother.
_„__
Imports, all grades, total__
Dissolving and special alpha.
Allother.
___
._
OAK
r
°76
38^
f 84
PAPER AND PAPER PRODUCTS
Paper and board:
Production (Bu. of the Census):
All grades, total, seas, adj
thous. sh. tonsAll grades, total, unadjusted
..—....do.... 3,268
3,441
3, 477
3,553 3,515
3, 445
3,291
3,249 '3,537 3,370
3,787
3,402
3,578 3,373 3, 732
Paper
...
_ do
1,438
1,505
1,515
1,521
1,524
1,632
1,547
1.484
1,414
1,661
1,489 ' 1, 598
1,493
1,458
1,493
Paperboard
do
1 1^99
1, 615
1, 552
1, 648
1,739
1, 711
1,780
1, 576
1,599
1,603
1,513 r 1,660
Wet-machine board.
.___
do
12
12
11
11
12
12
9
10
11
13
12
13
'12
12
11
Construction paper and board.....
-do__._
296
312
318
333
333
331 1
317
349
334
262
336
327
299
235
'267
Revised.
* Preliminary.
i Beginning Jan. 1963, data for the indicated items exclude
< See note 4 for p. S-35.
s See note "O" for p. S-21.
v-SS Olls W5ich have beenreclassified as petrochemical feedstocks.
JRevised monthly data for 1962 for petroleum products appear on p. 28 of the June 1964
\ S2eci!ve Jan'1963' "screenings, etc." included with "deflbrated or exploded."
SURVEY; revisions for 1962 and 1963 for asphalt and tar products appear on p. 32 of the Apr. 1964
« Effective Jan. 1963, excludes stocks of "own pulp" at paper and board mills*
SURVEY.
• • • - . '
SURVEY OF CUKEENT BUSINESS
May 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1965
1964
1963 | 1964
Monthly
average
S-37
Mar.
Apr.
May
June
July
Aug.
Sept.
Nov.
Oct.
Jan.
Dec.
Feb.
Mar.
Apr.
PULP, PAPER, AND PAPER PRODUCTS—Continued
PAPER AND PAPER PRODUCTS— Con.
Paper and board— Continued
New orders (American Paper and Pulp Assoc.):
All grades, paper and board~__thous. sh. tons..
Wholesale price indexes:
Printing paper.....— _-_..
1957-59=100__
Book paper A grade
do
Paperboard9
do
Building paper and board—-.
--_____do~~
Selected types of paper ( APPA) : t
Fine paper:
Orders new
thous sh tons
Orders unfilled end of month
do
3,284
3,469
3,499
3,565
3,525
3,481
3, 395
3,567
3,436
3, 754
3,395 '3,273
3, 548
101.4
107.4
94.7
96.2
101.4
109.4
96.5
94.2
101.4
109.0
96.5
93. 7
101.4
109.9
96.5
93.5
101.4
109. 9
96.5
94.4
101.4
109.9
96. 5
94.4
101. 4
109.9
96.5
94.4
101.4
109. 9
96.4
94.1
101.4
109.9
96.4
94.5
101.4
109.9
96. 4
94.3
101.4
109.9
96,4
93.9
101.4
109.9
96.4
93.3
101.4
109. 9
96.4
r
101.4
109.9
96.4
92.2
175
100
186
92
184
83
197
92
190
88
187
89
188
101
185
91
176
92
192
89
191
106
178
99
'118
••179
192
124
do
do
178
175
187
'187
191
188
195
191
191
190
189
196
171
179
190
185
185
179
197
193
182
186
186
183
'193
V177
185
187
do
_____do_.__
448
389
'483
402
497
397
483
391
487
401
482
398
467
413
461
390
463
392
538
439
478'
420
493
434
•'511
r449
475
456
do
do
439
439
468
468
467
467
475
475
478
478
473
473
445
445
461
461
444
444
503
503
477
477
469
469
'492
'491
456
466
do
.do
355
164
366
16S
372
161
365
145
349
139
342
143
357
161
384
170
370
187
397
193
364
203
359
188
••393
'214
378
235
do
do .
353
351
363
361,
369
373
373
372
361
354
341
336
337
341
372
366
353
353
397
394
360
359
356
367
'388
' 375
362
357
do
do
do
553
552
268
608
609
238
566
540
301
625
664
261
610
616
277
610
625
240
617
620
237
637
634
239
605
628
215
664
661
218
643
665
196
614
632
178
606
556
228
582
500
311
650
595
366
do
do
do
185
184
37
188
189
30
190
193
29
192
197
24
201
192
32
194
192
34
174
182
27
200
194
33
181
188
26
198
196
28
183
184
27
176
181
22
195
182
34
176
182
28
185
187
25
Consumption by publlsherscf
..do
Stocks at and in transit to publishers, end of
monthcf _
_____
thous. sh. tons..
465
503
518
528
550
496
453
472
491
532
550
535
490
461 ^ 5 3 5
588
566
550
541
511
529
562
591
608
599
574
585
571
585
Imports
do
Price, rolls, contract, f.o.b. mill, freight allowed
or delivered
$ per sh ton
451
496
473
475
470
513
515
492
506
527
546
584
422
429
134.40
134.23
134.40
134.40
134.40
134.40
134.40
134.40
134.40
134.40
134.40
132. 40
132.40
132. 40
132.40
386
574
384
88
381
532
387
.L91
387
519
390
89
399
565
393
89
395
587
388
89
361
624
351
79
400
610
404
92
385
606
380
87
410
627
405
92
384
576
391
88
358
563
358
79
374
573
390
89
408
572
408
92
429
641
414
93
11,446
11,039
11,520
11, 399
11,284
11, 198
11, 697
12,232
13,219
10,977
11, 492
11,039
10,881
12, 519
125.7
124.3
128.4
121.9
133.3
121. 2
125.3
128.5
134.0
121. 3
128.7
44 61
78 93
30 26
. 261
39.46
41.09
88 94
44.41
.255
Production
Shipments
Printing paper:
Orders new
Orders, unfilled, end of month
Production
Shipments
Coarse paper:
Orders new
Orders, unfilled , end of month
Production
Shipments
__
Newsprint:
Canada:
Production
Shipments from mills
Stocks at mills, end of month. _ _ _ _ _
United States:
Production
Shipments from mills
Stocks at mills end of month
Paperboard (National Paperboard Assoc.) : §
1357
Orders, new (weekly avg )
.thous. sh. tons
Orders, unfilled, end of month
do _
518
Production, total (weekly avg.) _..——
do.__. 1358
87
Percent of activity (based on 6.5-day week).
Paper products:
Shipping containers, corrugated and solid fiber,
shipments©
mil. sq. ft surf area 10,711
Folding paper boxes, shipments, index of physical
volume..
1947-49=100.. 126. 1
93.4
101.4
109.9
96.3
92.2
559
423
702
411
91
'115.5 '114.3 p 128. 8
RUBBER AND RUBBER PRODUCTS
RUBBER
Natural rubber:
Consumption...
____thous. Ig. tons..
Stocks, end of month
do
Imports, incl. latex and guayule
do___.
Price, wholesale, smoked sheets (N.Y.).__$ perlb..
Synthetic rubber:
Production
Consumption.
___:
Stocks, end of month
Exports
.
Reclaimed rubber:
Production..
Consumption
Stocks, end of month....
38. 10
72. 70
31.63
p. 263
40. 25
73.24
36.77
v .252
39. 80
64 97
41.75
.256
thous. Ig. tons.. 134.04
do
108. 90
do
281. 05
do
23 60
147.07
120. 13
290 03
26 77
146. 27
116 69
285 88
27 05
23 45
21 97
30 30
23 00
21 93
30 88
24 03
22 59
30 37
24 50
24 20
30 42
f
do
do
do
40 68
64 74
28 79
. 259
146
121
285
27
22
85
19
gg
39. 36
69 08
44 07
.254
150
118
293
24
31
49
17
66
41 37
67 14
31 24
.251
146
123
293
24
94
71
02
98
23 96
23 10
29 76
25 22
22 30
30 92
35.09
75 39
40 51
.246
137
104
300
25
99
16
31
60
20 21
19 02
32 35
41 10
82 85
39 04
.245
144
119
298
26
63
44
15
52
44 22
81 16
37 20
.250
144
128
287
30
81
98
58
45
30 25
23 00
22 50
31 07
20 56
90 Q^
155
136
289
22
49
01
03
37
24 5°
oq i q
31 16
78 95
38.83
.275
r
42.13
79. 12
27. 53
. 261
48.24
91.10
.260
!51 54
125 19
314 21
2
10 51
126 43
320 67
8 97
145.01
155. 43
138 37
311 20
21 68
22 17
31 01
22 99
22 66
30 88
22 43
22 53
30 15
26 78
25 57
30 73
88
16
96
84
157. 52
124 26
298 36
29 14
21 40
19 48
31 32
150
116
286
29
42.24
90.19
19.02
.261
.276
TIRES AND TUBES
Pneumatic casings:
Production
11 589
13 174
12 563
13 331
10 n-t*
14 04.1
n
enn
1 3 934
14 Utt
H
OQO
19 7Q7
•iq cqo
1 3 884
14 126
15 242
Shipments, total______
Original equipment
Replacement equipment
Export
. _ do
do
_ _ _ do
do
11 546
3 928
7,489
129
12 658
4 004
8, 481
173
11 996
4 402
7,478
116
14 117
4 854
9,130
133
13 576
4 542
8 907
14 517
4 652
9 718
12 398
2 810
9 423
11 378
I9 805
2 594
9 922
11 120
4 035
6 870
12 962
8 867
14 090
4 121
9 729
7 364
11 864
4 830
6, 796
14 327
5 7^2
8, 352
98Q
914
oq-j
13 237
4 954
S 136
Stocks, end of month. _
Exports (Bu. of Census)..
do
___do
29 985
82
32 364
132
31 658
78
31 091
92
31 Oil
106
30 644
29 968
31 979
32 495
34 731
36 608
41 467
201
205
167
38 2264
' 69
40 532
148
37 543
'l65
3 305
3 396
9 467
76
3 536
3 491
10 018
75
3 837
3 381
9 020
51
3 956
3 392
9 587
78
3 117
10 172
3 591
3 699
q 400
q AAQ
10 471
10 135
64
73
87
3 fi07
3 971
10 908
81
3 nns
11 198
'• 75
Inner tubes:
Production
Shipments
Stocks, end of month
______
Exports (Bu. of Census)
thous
do
do
do
do_...
19fi
'•revised. ' * Preliminary.
1 Weekly average for year.
2 See note "O" for p. S-21.
9 Revisions for 1961 are available upon request.
- jMontMy averages for 1962 for new orders, production, and shipments reflect revisions
to adjusted annual totals; revisions by months not available.
e? As reported by publishers accounting for about 74 percent of total newsprint consumption
14.fi
105
q AJJK
1fi4
160
3 010
q q7n
9 34fl
3
OCA
941
10 195
10 439
86
96
3 070
K qc«
*14»
11 471
78
158
q qoq
3 628
!0 160
'239
10 285
q OK7
3 (Y)Q
239
q cqq
r
41
263
4 nifi
3 7Pft
10 731
in 1963 and 75 percent in 1964 and 1965.
§ Revised to reflect weekly averages for new orders, production, and percent activity (on
basis of 6.5 days per week); comparable data prior to 1962 will be shown later.
ORevisions
by months for 1962-Feb. 1963 will be shown later.
S-38
SURVEY OF CURRENT BUSINESS
1963 | 1964
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
Monthly
average
' May 1965
1964
Mar.
Apr.
May
June
July
1965
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
419.6
20.3
90.1
Mar.
Apr.
STONE, CLAY, AND GLASS PRODUCTS
PORTLAND CEMENT
Production finished cement
Percent of capacity
Shipments finished cement
Stocks, end of month:
Finished
__.
Cllnker
thous bbl
29 441
74
thous bbl
29, 354
30 635
' 76
30 665
24 697
61
22, 722
29 493
75
29, 178
34 417
' 84
35 511
36 185
92
38, 750
37 220
91
40, 678
37 710
92
39, 496
35 834
90
38, 008
36 333
89
40, 693
31 100
79
27,950
25 968
64
19,969
___do___. 38, 029
23, 070
do
39, 555
23 060
45,152
29, 242
45, 462
30, 667
44, 425
29 580
41, 894
27, 065
38, 467
24, 249
36, 805
20,628
34, 712
18, 322
30,341
15, 302
33, 587
15, 624
39, 585
18,687
629 4
29 2
149 3
590.8
29 6
137.5
679 3
31 7
151 8
739 6
32 6
166*1
771 6
32 8
184.5
765 9
31 3
189. 8
723 4
29 6
175.8
726 4
28 5
175. 8
736 4
31 5
179.0
647 7
25 4
129. 7
501. 4
25 5
107. 2
' 463. 6
••23 3
93.5
CLAY CONSTRUCTION PRODUCTS
Shipments:
Brick, unglazed (common and face)
mil standard bri^k
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..
617.1
32 0
145.6
29 7
28 1
26 4
27 8
25 2
30 2
32 6
32 1
29 8
31 0
30 8
26 6
20 1
20.2
22.2
23.8
25.0
25 7
24 2
25.9
25.7
24.8
23.8
24.3
22. 1
21.3
20.5
21.3
106.1
107.1
107.1
107.3
107.3
107.1
106. 7
106. 9
107.2
107.2
107.2
107.6
107.6
107.7
107.8
79, 325
35, 370
43, 955
81 326
36*188
45 138
78 211
32, 610
45 601
GLASS AND GLASS PRODUCTS
Flat glass, mfrs/ shipments (qtrly. average or total)
thous $
Sheet (window) glass shipments
do
Glass containers:
Shipments domestic total
do
General-use food:
Narrow-neck food
do
Wide-mouth food (incl. packers' tumblers,
79 622
34, 089
45 533
84, 599
38,156
46,443
82, 874
39,898
42 976
15 134
15 784
15 663
16 352
16 704
17 577
16 873
17 797
15 184
15 923
14 812
13,511
15 818
15 663
12 358
14,692
15,398
15,060
16 586
15 164
16,880
16,241
17,188
16,893
14,917
14,122
14,671
14, 575
14, 265
18, 748
1,602
1 736
1, 508
1,642
1 367
1,455
2 105
2,652
3, 027
1,792
1, 356
1, 300
1,301
1,323
2,052
4 100
4 227
4 134
3 911
4 040
4 355
4 096
4 656
4 751
4 471
4 024
4, 068
4,326
4,132
5, 420
Beverage
_ _ _ _ _ _
Beer bottles
Liquor and wine
do
do
do
1,350
2,453
1,349
1,472
2 771
1 396
1,422
2. 683
1, 413
1,700
3,542
1,392
2,105
2 822
1,379
2, 359
3,543
1,425
2,027
3 669
1,094
1, 324
3,318
1, 357
1,101
2,622
1, 525
956
2,274
1,679
1,179
2,137
1, 550
1,659
2,451
1,363
975
2,422
1,375
1,028
2,417
1,321
1,768
3,374
1, 943
Medicinal and toilet
_
Chemical household and industrial
Dairy products
do
do
do
2,972
739
127
3 064
61*
118
3,070
728
102
3,542
719
138
2,777
584
90
3,008
631
104
2,591
549
110
3,124
625
132
3, 106
613
148
3,000
621
124
3,225
536
115
3,192
489
149
3,471
602
103
3, 305
640
99
3,236
835
120
do
25,621
26 413
26,041
25,452
26,794
27,178
27 543
27,724
25,668
26,432
26,929
25, 375
26, 515
26, 794
20,274
Crude gypsum, qtrly. avg. or total:
Imports
thous sh tons
Production.
_
do
1,372
2,597
1 562
2 607
1,397
2,377
1,280
2,733
2,002
2,750
1,567
•2,526
Calcined, production, qtrly. avg. or total
2,295
2 319
2,209
2,437
2,441
2,153
1,052
70
1 100
74
822
73
1 200
75
1 212
71
1, 166
76
259
248
243
248
237
217
269
254
262
274
204
241
365.7
387. 3
373 7
1, 777. 3 1 848 1 1, 721. 1
62.0
51.6
63 2
391.8
1, 905. 7
73.8
410 1
1,986.0
66 6
327.1
1,744.8
58.1
S tonics, end of month
GYPSUM AND PRODUCTS
_ do
Gypsum products sold or used, qtrly. avg. or total:
Un calcined uses _
thous sh tons
Industrial uses .
do
Building uses:
Plasters:
Base-coat
_
do
All other (Incl. Keene's cement)
do
Lath
Wallboard
All other§— __
_
_
______
_
__mil. sq. ft
__do
do
TEXTILE PRODUCTS
WOVEN FABRICS
Woven fabrics, weaving mills :f
Cloth woven (gray) , total __
mil linear yd
Cotton (gray)
do
Stocks, total, end of period cf_-_ _ _ _ _ _
do__._
Cottoncf
do
Orders, unfilled (gray and finished), total, end of
period 5 - mil linear yd
Cotton (gray and finished) ^
do
967
728
1,180
829
1 056
761
1 068
661
989
715
1,164
766
!•! 200
1377
1, 141
738
984
712
1,137
741
992
713
1, 146
728
*997
1799
1,147
718
985
710
1 141
707
998
707
1 118
692
11 237
1393
1 071
673
2 741
1 865
3 661
2*500
2 464
1 522
2 392
1 421
2 537
1 492
2 628
1 564
2 855
I 755
3 034
1 891
3 093
1 956
3 320
2 174
3 541
2 357
152
1 Oil
3 682
9 073
12 396
i 742
712
702
12 378 26 344
12306 26 209
270 14 264
10 916 11 058
887
1 120
72
135
25 974
25 840
12, 646
12 341
853
134
1 000 i i 107 1 028
i 787
740
714
1 068 ••1 028
1 073
614
670
661
3 661
2 500
r 3 642
r 2 536
1 040
745
992
597
3 917
2 807
COTTON
Cotton (exclusive of linters) :
Production:
GinnlngsA
thous. running bales
Crop estimate equivalent 500-lb. bales
thous. bales..
Consumption 0 _ _
do
Stocks in the United States, end of mo., total O
thous bales
Domestic cotton, total O.~
do
On farms and in transit
do
Public storage and compresses O
do
Consuming establishments __ _
do
Foreign cotton, total O
do
T
2
15,290 ••215,148
15,334 '215,180
699
745
17 789
17,661
3,481
12 818
1,361
128
19 580
19,467
3, 859
14 290
1,317
114
673
17, 080
16,963
531
14 716
1,716
118
1
832
15, 864
15, 758
515
13 643
1,600
106
687
683
14 811
14,716
448
12 820
1 448
95
13 756
13, 676
473
11 932
1 271
80
Revised.
i Data cover 5 weeks; other months, 4 weeks.
2 Total crop for year.
3 Ginnings to Dec. 13.
* Ginnings to Jan. 15.
§ Comprises sheathing, formboard, and laminated board,
f Effective Feb. 19G5 SURVEY, monthly data (back to 1960) reflect adjustment to benchmarks
and other basic changes; see Census report: "Woven Fabrics, M22A (64)-Supplement 1."
Beginning Jan. 1964, data for total cloth are not comparable with those for earlier periods;
manmade fabrics classifications were revised and drapery fabrics included.
3
13 560 4 14 936
••215,148
2
i 882
24
24
8
15
948
823
123
754
946
125
723
23 709
23 589
5 001
17 354
1 234
120
i 799
729
22 404 20 976
22 292 20 869
2 130
1 114
18 706 18 115
1 456
1 640
112
107
••741
*914
20 138
20, 034
808
17 464
1 762
104
18 813
18 718
873
16 021
1 824
95
d*Stocks (owned by weaving mills and billed and held for others) exclude bedsheeting,
toweling, and blanketing, and billed and held denims stocks: small quantities of finished
fabrics are included. ^Unfilled orders cover cotton fabrics (gray and finished, except bedsheeting, blankets, and toweling) and manmade fiber fabrics (gray, except blanketing).
ATotal ginnings to end of month indicated, except as noted. O Revisions for Aug. 1962Dec. 1963 are available: for stocks, monthly averages also reflect cotton released by GSA
from the cotton stockpile (beginning July 1962).
SURVEY OF CURRENT BUSINESS
May 1965
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
1963 | 1964
Monthly
average
S-39
1965
1964
Mar.
Apr.
May
June
July
Aug.
Sept.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
Apr.
TEXTILE PRODUCTS—Continued
COTTON-Continued
Cotton (exclusive of linters)— Continued
363
Exports
thous. bales.
11
Imports
... _ ^_do
2 32. 0
Prices (farm), American upland
cents per Ib
Prices, middling 1", avg , 15 markets.
do ._ 233.2
437
10
Cotton linters:
Consumption©
Production! - Stocks end of mo tO
116
131
671
__
'..—-.
..thous. bales
do_._.
do
111
129
666
COTTON MANUFACTURES
Spindle activity (cotton system spindles):©
Active spindles, last working day, totaL.thous ._ 18,628 18, 541
15,813 15, 346
Consuming 100 percent cotton. :
do
9,849 10, 292
Spindle hours operated, all fibers, total
_ mil.
456
467
Average per working day
__do
8,349 8,546
Consuming 100 percent cotton
do
Cotton yarn, natural stock, on cones or tubes:
Prices, f.o.b. mill:
.644 * . 630
20/2 carded, weaving
$perlb
.912 v . 892
36/2, combed, knitting;__
do
Cotton cloth:
Cotton broad woven goods over 12" in width:
Production, ntrly. avg.or total©, .mil. lin. yd.. 2, 190 2,246
Orders, unfilled, end of mo., as compared with
avg. weekly production
No. weeks' prod
10.6
12.0
Inventories, end of mo., as compared with avg.
5.5
weekly production
No. weeks' prod
5.0
Ratio of stocks to unfilled orders (at cottoi?
.52
.42
mills), end of mo., seasonally adjusted -25.20 29.57
Mill margins^
cents per Ib
Prices, wholesaleDenim mill
finished
cents per yd
38. 1
36 6
Print cloth, 39 inch, 68 x 72
do
15.9 *«16. 5
17.0 J> 17.4
Sheeting, class B, 40-inch, 48 x 44-48
do
. MANMADE FIBERS AND MANUFACTURES
Fiber production, qtrly. avg. or total©.,.. mil. lb_.
Filament yarn (rayon and acetate)
___.do
Staple, incl. tow (rayon).
.
.......do.-..
Noncellulosic (nylon, acrylic, protein, etc.) do
Textile glass
fiber
do
Exports:
Yarns and monofilaments.thous Ib
Staple, tow, and tops
do
Imports:
Yarns and monofilaments.. . . .
do
Staple, tow, and tops
do
Stocks, producers', end of mo.:
Filament yarn (rayon and acetate)
...mil. Ib
Staple, incl. tow (rayon)
___„____
do
Noncellulosic
fiber©
>.. ^._
do
Textile glass
fiber
..do. .
Prices, rayon (viscose) :
Yarn, filament, 150denierA
$perlb
Staple, 1.5 denier— ,
_
__^
do
Manmade fiber and silk broadwoven fabrics: }
Production, qtrly. avg. or total 9 ...mil. lin. yd
Filament yam (100%) fabrics 9
do
Chiefly rayon and/or acetate fabrics
do
Chiefly nylon fabrics
do
400
6
31 6
33.4
381
4
32.2
33.4
387
2
32 8
33 3
697
2
32.6
32.6
120
49
30 6
31 2
184
2
30 6
30 7
109
147
796
3131
119
777
109
89
724
118
62
648
3 107
44
600
107
46
541
114
115
505
18, 484
15 381
11, 503
460
3
9,609
18, 442
15 292
9,481
474
7 892
18, 376 18, 446
15 208 15, 238
9 422 3 10, 272
411
471
7 836 3 8, 455
18 543
15 273
9 678
484
7 981
.636
.913
631
895
.612
.881
612
869
9.7
9.1
94
9g
13 8
11.8
49
5.0
51
48
60
.52
26 87
. 57
26 37
56
25 95
49
25 11
38 0
17 0
17.7
37 7
16 5
17.8
37 7
15 8
17 8
36 9
15 6
16 6
18, 492
15, 440
9, 294
465
7,798
3
.655
.918
2,230
631
.896
290
44
31 0
30 6
8
131
198
572
18, 489 18, 672
15 174 15 350
9 608 312 175
480
487
7 931 810 003
388
1
30 1
30 6
747
(i)
293
30 6
244
(i)
27 6
30 6
181
1
27 6
30.6
109
209
644
3 123
195
709
110
186
762
109
167
798
18 744 18 667
15 398 15 286
9 909 3 11* 093
495
'444
8 166 8 9 155
18 744
15 322
9 905
'495
8 109
617
869
617
869
12.4
13.7
14 8
4.8
4.8
4 7
4 7
.39
.45
25 35 433.36
.36
34.20
.32
34 45
30
34 50
36.9
15.8
17.0
34.9
(6)
17.5
34 9
16 5
17 5
34 9
17 0
17 6
617
871
2,156
2 258
36 9
15 8
17 0
28 6
30 7
175
815
18 750 18, 651
15 308 15 157
10 031 312,341
502
494
8 214 310 079
617
876
617
.876
P 617
p. 878
18 2
16 6
17 2
18 0
52
43
41
40
.27
29
34 97 4 35 94
.26
36 02
34 9
35 1
18 0
17 5
23
36 16
f 35 i
j> 18 o
*> 17 5
617
875
2 340
34 9
17 5
17 5
r 17 g
17 5
754.8
194.4
148.6
351.6
60.2
728. 6
189.6
162.2
322 3
54.6
8, 196
4, 187
9 706
4 701
8 899
3 938
8 498
3 664
9 005
3 199
10 177
5 013
10 204
3 947
10 907
4 851
10 831
4 994
10 496
5 367
10 245
5 564
13 078 °3 786
7 831 a 2 225
5 575
2 671
680
10, 463
767
11 141
518
17 415
563
12 287
592
11 578
882
10 453
967
9 636
883
6 902
982
7,782
935
8 433
706
10 346
1 208
11 140
1 814
4 948
975
5 837
36 9
50 7
8 8132. 2
28. 5
33 1
41 0
48 3
138 3
29 o
37 9
52 5
36 1
56 6
35 0
60 9
132 6
31 5
35 9
34 9
53 2
35.2
49 8
123.4
35.2
33 1
47 8
32 4
32 6
51 3
134 4
36 6
r 33 9
49 3
r 32 4
49 0
32. 1
51 8
.82
27
pio 73
j, 28
78
28
78
28
78
no
78
28
78
28
78
90
78
' 9R
78
78
28
i> 78
j> 28
765.2
878.9
847.6
372.6
199 3
69 8
865 9
388 2
204 3
71 2
861.1
384.6
201 7
72.6
940 9
421 4
228 4
79 1
297.2
304 0
308 5
336 4
156.2
105 7
166 3
105 9
162 4
112 1
165 8
132 2
127 7
17 742 «6 716
10 821
19 4
19 5
56.8
35.5
8
113.3
8
90 Q
23 8
H n
1.326
1.285
15 439
743.8
198.0
136.4
347. 2
62.2
726 3
190.1
141 5
334 4
60 3
•
119. 1
17 318 16 628
78
00
KG Q
78
98
16 612
117 0
15 880
12 546
13 251
820 3
T
199 8 ' 7~66. 1 ' 7 63.0
52. 4
154 2 'f 53 0
402 6
63 7
4ft *i
98
115 4
16 842
16 057
14 538
78
00
17 8
3311
21 i3
19 2
19 8
s 20 1
8 91 7
ifi 9
A 1Q A
18 5
98
18 5
U K
13 8
6 ft
17 3
98
18 4
in i
15 1
71
18 ft
Q A.
17 8
89
19 7
11 5
13 6
16 6
6 2
25 2
12 6
1. 397
I OCfi
1.389
1.450
1 9^ii
1.455
1.375
1.375
I Onn
1.375
1.335
I onn
1. 375
1.398
Ionn
1.375
1. 405
1 Qr»r>
1.375
1.405
1.392
1.337
1. 325
1. 439
1.375
1.375
1.235
1.200
1.275
1 1 EC
1.125
1. 215
1 138
1. 095
107 5
107 5
107 5
107 5
108 0
108 7
ino n
108 7
108 3
106 9
1.415
1
OKR
1
OOQ
1.375
O Q
fi O
36 40
773.2
759.0
Q 19 i
o in n
18 3
95
37 Q
29 5
30 8
3141
659.2
177. 4
144.8
289.0
48.0
Spun yarn (100%) fabrics (except blanketing) $
mil. lin. yd__
Rayon and/or acetate fabrics and blends
do... _
Polyester blends with cotton. __ _
do
Combinations of filament and spun yarn fabrics
mil. lin. yd__
Exports, piece goods
.thous. sq. yd
12, 972
WOOL
Wool consumption, mill (clean basis):©
Apparel class
mil Ib
Carpet class
do
Wool imports, clean yield
_do
Duty-free (carpet class) * _ _ _ _ _ _ _ ,
do
Wool prices, raw, clean basis, Boston:
Good French combing and staple:
Graded territory/fine
$ per lb_.
Graded fleece, $6 blood
.___
__ .do
Australian, 64s, 70s, good topmaking...
do
490
5
31 3
33 4
Q Q
1.195
1 130
1.075
WOOL MANUFACTURES
Knitting yarn, worsted, 2/20s-50s/56s, Bradford
-lAK A
107 9
107 9
system wholesale Driceffi
1957 *59 ion
107 9
p 107 9
Woolen and worsted woven goods, exc. felts:
Production, qtrly avg or total© thous lin yd 71 ioi 64 923 68, 640
Apparel fabrics, total
"do
68 485 62, 980 66, 654
Women's and children's
do
43 246 41 534 42 570
Suiting, price (wholesale), flannel, men's and
95.8
95.8
95. 8
boys', f.o.b. mill_.__._
____1957-59=100-_
95.8 P 95.9
r
Revised.
p Preliminary,
i Less
than 500 bales.
2 Season average. 3 Data cover
4
5
5 weeks;
other months, 4 weeks.
See note f.
Based on 11 months. 6 Not available.
7
For month shown.
s Qtrly. average.
8 Based on 52 weeks.
™ See note "A."
©Revisions for Jan. 1962-Nov. 1963 are available.
9 Includes data not shown separately.
tProduction and stocks of linters at oil mills revised to approximate running bales; data
back to Aug. 1958 are available.
^Beginning Aug. 1964, margins reflect the 6.5 cents per
pound equalization payments to domestic cotton users. Effective Jan. 1965, data reflect
71 463
69 822
46 538
63 035
61, 251
42 079
56 553
54 191
34 947
96.8
96.8
95.8
95.8
95.8
96.1
96.1
95. 8
96.1
96.1
substitution of two cloths used in the average; comparable Dec. 1964 margins, $.3528. ^
.
AEffective Jan. 1964, prices reflect change in BLS source and are not comparabte with
those for earlier periods. Dec. 1963 price, comparable with Jan. 1964, estimated by OB&, $.7».
t See corresponding note, bottom of p. S-40.
*New series. See corresponding note in the Aug. 1964 SURVEY.
©Beginning July 1964 index, yarn specification changed to "American system, manufacturer to knitter."
« See note "O" for p. S-21.
SURVEY OF CUERENT BUSINESS
S-40
1963
Unless otherwise stated, statistics through 1962
and descriptive notes are shown in the 1963
edition of BUSINESS STATISTICS
| 1964
Monthly
average
May 1965
1964
Mar.
Apr.
May
June
July
1965
Aug.
Oct.
Nov.
16, 900
17,417
15, 284 ••15,671
1,656
391
2,177
398
Sept.
Jan.
Feb.
Mar.
14, 170
15, 534
17,147
' 1, 841
193
1 785
193
Dec.
Apr.
TEXTILE PRODUCTS—Continued
APPAREL
Hosiery, shipments
thous. doz. pairs. _ 15, 007 '15, 794 '<*15,431
Men's apparel, cuttings: t
Tailored garments:
1,599
1,713
1, 717
Suits
thous units
357
332
271
Overcoats and topcoats
do
931
887
9,551 '10 651
2 109
Coats (separate) dress and sport
do
Trousers (separate) dress and sport
do
Shirts (woven fabrics) dress and sport thous doz
Work clothing:
Shirts
Women's, misses', juniors' outerwear, cuttings: t
Goats
thous units
Dresses
- do.
Suits
do
Blouses waists and shirts
Skirts '
thous doz
do
13, 892
1,859
348
1 650
422
16, 544 '15,177 r 16, 663
1,676
423
1,104
328
r
1, 806
428
1,840
280
874
998
928
880
10 110 11, 024 11 141 11,646
2 425 2 304
2 351 2 450
570
10, 238
2,006
840
11, 562
2,335
728
11,322
2 325
942
11, 108
2,679
1,087
9,601
2,444
406
324
442
329
462
344
439
310
421
313
378
274
428
331
379
302
398
369
343
330
2,046 2,133
21,914 '22, 483
828
901
1 363 r i 374
825
'775
1, 588
28,149
868
1,032
29, 943
584
1,541
25, 545
628
2,135
22,953
909
2,408
19, 918
1,008
2,521
20, 446
930
2, 454
19, 608
708
3,096
21, 178
820
2,438
18,512
899
1 442
758
1 471
*825
1 250
'844
1 354
923
1 274
900
1 344
837
1 323
719
338
316
do ..
14, 763
1 575
834
1, 711
256
r
1, 035
930
10,054 ' 10, 354
2 425 2 499
1,035
11,239
2 495
358
339
346
313
326
305
1,696 '2,126 2, 513
16,759 ••20,985 23, 521
840 ' 1,138 1,306
1 349 1, 170
525
613
'1 506 1 542
'745
833
TRANSPORTATION EQUIPMENT
AEROSPACE VEHICLES
Orders, new (net), qtrly. avg. or total...
mil. $__ '4,409 '4,492 '4,895
'3 522 '3 379 '3 857
U S Government
do
r 4, 021 ' 4, 070 ' 4, 437
Prime contract
—
__.
do
Sales (net), receipts or billings, qtrly. avg. or total
4,172 '4,094
mil. $_. 4,102
3 301 '3 204 '3 142
TJ S Government
do
Backlog of orders end of year or qtr. 9
do
U S Government
do
Aircraft
(complete)
and
parts
do
Engine5* (aircraft) and parts
do
Missiles, space vehicle systems, engines, propulsion units and parts
mil $
Other related operations (conversions, modifications) products services
mil $
:;:;;:::
'4, 575
r 3 395
_ _ _ _ ' 4, 191
'4,352
'3 366
::::;:
3,978
3 060
'4,262
r 3, 247
'15,188
'11,651
' 6, 277
1,520
13 904 15 188 14 705
10 950 11, 651 11 665
5 301 '6 277
5 879
1 510 1 520 1 383
14 928
11 694
6 181
1 334
'15 455
11, 927
6 294
1 461
4 556
4 809
4 825
4 882
1 295 1 405
1 403
1 324
1 381
T
> 4 646
'3,995
'2,971
r 3, 534
'4,505
3 293
' 4, 120 — -----
4, 556
1, 405
57 2
1 340
20 3
88 8
96 7
1 909 2 Oil
23 9
25 0
114 6
2,297
33 4
92 3
1,997
24 0
96 0
2 091
19 8
71 4
1 631
24 9
89 2
1 748
19 5
67 8
1 454
14 0
94.4
2,176
32 3
83. 0
1,856
21 7
758,4
730 0
636 5
620 3
121 9
109 7
774.4
744 3
646 0
629 5
128 4
114 8
860.5
829.3
718 0
700.9
142.5
128 4
939.9
909 3
786 4
770 2
153.5
139 1
875.7
845.1
735 0
719.5
140.7
125. 6
893. 2
862.6
740 6
726 7
152. 5
136 0
691. 4
670.3
570 3
562. 2
121.1
108 1
339.6
319.9
237 3
230 8
102.2
89 1
700.9
671.1
581 9
563 8
119. 1
107 3
491. 8
463.7
411 5
394.7
80.3
69 0
794.1 1,031.4
748.8
995. 1
679 2
884 3
648. 4
862 4
114.9
147.0
100 3
132 6
22 928 27 455
12 851 14' 726
10 076 12 729
23 857
11, 932
11 925
22, 407
12, 031
10, 376
27, 769
13, 166
14 603
34 681
18, 986
15 695
22 032
10, 677
11 355
26 308
14, 927
11 381
22 853
11 895
10 958
26, 938
13, 521
13 417
25, 130
14, 577
10, 553
36 053 2 6 617
20, 732 2 4, 478
15 321 22 139
11 570
7* 929
3 641
Imports (cars, "trucks, buses), totaled
do
36 534 44 413
Passenger cars (new and used) d*-do. _ _ 35 308 43 896
Shipments, truck-trailers; A
Complete trailers and chassis
do
6 465
7 245
Vans
_
_ do
3*885 4 320
Trailer bodies and chassis (detachable), sold
separately
number
445
650
Registrations:©
New passenger cars
___thous_. 629. 7 672 1
32 1
Foreign cars
.—
do
40 3
New commercial cars (trucks)
__:
__do
103 7
113 5
RAILROAD EQUIPMENT
47, 238
46, 868
46, 404
45, 950
41 211
40 808
47 015
46 481
47, 172
46, 812
20 430
20 181
40 283
39 632
46 831
46 382
48 374
47, 644
63 985
63 427
24 172
23 622
44 476
43 971
7,161
4 313
8 116
4 788
8,005
4 571
8 189
4 614
7, 904
4,541
7 316
4 366
8, 056
4 841
6, 976
4 177
5,947
3 558
7 157
4 510
'7 063
4 536
7 481
4 613
Aircraft (civilian)' Shipments ©
do
Airframe weight © thous Ib
Exports
mil $
109 7
2, 263
12 8
91.3
2, 076
30 0
2
23 1
MOTOR VEHICLES
Factory sales, total — __.__
__
Domestic
Passenger cars, total
Domestic
- - Trucks and buses, total
Domestic ,
__-_
thous..
do
do
do
do
do
Exports, total
_ number
Passenger cars (new and used)
_ do
Trucks and buses
... _ __
do
Freight cars (ARCI):
Shipments.—.
^
_. __
Equipment manufacturers, total
Railroad shops, domestic
...number..
do
_.do____
New orders
...
do
Equipment manufacturers, total
do
Eallroad shops, domestic. __
_______do
936.7
910.7
798.1
782.8
138.6
127.9
906.0 1, 124. 6 il,023.2
873 2 1, 091. 0
957.5 i 862. 4
774 8
937.9
753 1
167. 1 i 160. 7
131 2
153.1
120 2
514
606
623
627
651
806
804
678
987
867
403
305
636. 9
35 8
108.3
812.3
45 0
132.5
780. 6
41 3
124.3
754.3
42 5
122 4
724.2
44 2
123.0
648.7
42 4
111 1
565. 4
42 4
121 1
658.5
46 2
114.5
563.5
39 9
97.8
756.8
39 4
113 4
667. 0
36 0
102.7
631 1
30 1
98 9
798. 7
43 1
126. 9
5,757
3, 781
1,976.
6,780
4,336
2 444
6,529
3,531
2 998
6,931
3,947
2,984
6, 759
4, 190
2 569
5,258
4,055
1,203
6,594
5,124
5,820
6,130
4,349 4,314
6, 501
4,337
3, 629
4,260
4,272
2,875 2,899
4,676
2,257
1 474 1 415 1 495 1 560 1 825 1 858
6, 152
4, 348
1 804
5, 089 rr 5, 909
3,665 3, 701
1,423 ' 2, 209
7 040
5,454
1,586
2 596
2,296
300
5 824
3,775
2,049
4 289
3 550
739
4 644
3,627
1,017
5 344
4 124
1,220
3 992
2 610
1,382
6 763
3,387
3,376
5 194
3, 738
1,456
7 831
6 025
1,806
32, 876
20, 043
12, 833
36, 922
20 960
15, 962
34,690
19 930
14 760
33,410
21 084
12, 326
30, 631
20 383
10 248
28, 618
19 757
8 861
31, 598
21 006
10 592
31,278
20 688
10 590
30, 452
20 249
10 203
29,824
17 187
12 637
33,167
19 190
13 977
36,465
19 500
16 965
35,006
18, 845
16, 161
36,580
20 517
16 063
3,747
2,608
1,140
Unfilled orders, end of year or m o _ _ _ _ _ _ _ _ _ _ d o _ _ _ _ 22, 183
Equipment manufacturers, total
_do____ 12, 645
Railroad shops, domestic.
do
9,538
6 433 ' 9 742 9 446
2 316 r g 647
4 592
4, 117 ' 3, 095 4,854
Passenger cars: Shipments
__do____
Unfilled orders, end of mo
do
16
198
21
328
5
382
5
377
6
371
15
356
21
363
30
333
28
305
31
284
46
238
57
191
24
177
27
150
31
119
Freight cars, class 1 (AAR): §
Number owned, end of year or m o _ _ _ _ _ . .thous..
Held for repairs, % of total owned
1,515
6.8
1,495
5.9
1,505
63
1,503
6 2
1,502
61
1,501
6 0
1,500
61
1,499
60
1, 497
60
1,495
60
1, 493
60
1,495
59
1,495
6 0
1,496
60
1,495
58
r
Revised.
* Prel. est. of production.
2 gee note "O" for p. S-21
fMonthly revisions for Jan, 1961-Sept. 1963 are available upon request.
Q Total includes backlog for nonrelated products and services and basic research.
©Data include military-type planes shipped to foreign governments.
cf Data cover complete units, chassis, and bodie?.
AEffective with the Apr. 1964 SURVEY, shipments have been substituted for production
Shipments of trailer chassis only and dump trailer chassis, sold separately, are now included
with the complete trailers and chassis (except detachable). Data back to 1958 are available
©Courtesy of R. L. Polk & Co.; republication prohibited.
§ Excludes railroad-owned private refrigerator cars and private line cars.
NOTE FOR MANMADE FIBER FABRICS, P. S-39. {Effective 1st qtr. 1964,
data reflect revised fabric classifications. The difference between total production and the
sum of data for filament, spun, and mixed yarn fabrics shown separately (p. S-39) covers
upholstery, blanketing, silk, paper, and other specialty fabrics. The difference between the
total for 100% filament yarn and the components shown, covers all other filament yarn goods,
including glass fiber and polyester fiber fabrics. Earlier data comparable with the detail
shown are not. available.
« Revisions for Jan. and Feb. 1964, respectively (thous. doz. pairs): 16,375; 15,417.
TO
•
, ,
-SECTIONS,,,
Generals • ,
•
S1-S40
- '.
. -Business indicators,
L,
, ,„ - „ . - 1-7
- Commodity prices„*.
•: _. ^ ^Z.Z 7, 8
' Construction and -real 'estate'
Zi.._ZI!I - 9, 10
Domestic trade..... --..;*.;;
:<....^_._ 10-12
Employment and population
__...„.. 12-16
. ' Finance.,,,...,*.
_
_. - • - 16-21
Foreign trade of the United States..... .II 21-2$
Transportation and communications-.. ...„„_ 23,24
'Industry*- -,'• ' . " •'-
',
;
'•'/.' -• -
Chemicals and allied product*'!.' _„,„._.,..
25
. - Electric power and gas... . ^ZZZZIII ', 26
Food and ktndred products; tobacco
Z- 26-30
Leather and products-...
i-.^..^
30,31
Lumber and products
,..
„ ,j^
31
Metals and manufactures -. , u -'_.i.i-1 -,^ ' Z 32-34
Petroleum, coa|* and products _ . _ '._..._.^__ 35, 36
Pulp, paper, and paper products..____ 36,37
;
Rubber and rubber productau.»_±'J
.'«. •
37
Stone, clay, and glass products .„-,..__!__
38
Textile products w. ._„--_..^
.__ . 38-40
Transportation equipment,,,.___,;wZ._
40
' SERIES/'
Advertising. _ . , ; —:..;Z-_l.j___,._, 10* II. 16
Aerospace vehicles,_____....„__,____.„,„_,...:;,,.„„,• - 40
Agricultural loans.. __.„.,_.,,_____ZZ ".""""•
jg
, ' Air carrier operations^^.^__.»^^_^___~_-II~~
. 23
j
.—- ——— ~
Alcohol, denatured and ethyl _
25
\ Alcoholic beverages;___,„___.ZZZZ~IIII~8,'i6, 26.
Aluminum. ......i
___
\
:
23
33
>
'
'
' ^.***i"»****--'-•«•—j~ — *...*..«....... i, a^ *r$ /,, S, IV—J,J>^ *t\f
Asphalt and tar ptvodwctoi.^....-.-.....^^
35,36
Automobiles, etc^«. 1,3-^6, 8,10,11,13-157l9, 22,40
Balance of international payments
Banking..;* „._,_...,,.„. ..„._„ „
...
I
2
16,17
27
33
34
28
»10, 26
13-15
'
.
- and drums, _ _ __ _„. ..„
- Battery shipments. -. . . . w _ .__
Beef jBmdiv^a|....' j...^,.^wi^
•- Severages.. ;!..«.. __ --__-_'__'.. Z- '"~
Blast furnaces, steel worW^c
outstanding, issued,
saes~
,
..,.......,....,.
* 18-20
' Brass and brorize.. _ to ». wt .
33
Brick-..'— .'___i.-^'.j.__V...1
38
Broker's balances.____Z
20
Building and construction
36,38
Building costs. -*_»..;_. _ . _ _ _ _ _ , _ ^ 9,10
Building permits.;. „__-,_____.,. JZZf.Z ""''"'''"*
9
' ' ''• *
Business incorporations (new), failures II 11
Business population. __.i „„„_;;_,.__i....__ZZ
Business sales and inventories ',
- - — - -*
.
Butter_____,.-.-_____,-.-^....w.^^^....
'.Z, ' • . ', . -----__
~~;- ' 4,'5
27
Earnings, weekly and hourly________.._.„_, 14-16
Bating and drinking places______________,„ __ 11, 12
Eggs and poultry____________,_ __ ____ 3,7,29
Electric power.,._.^.«....^.w_^Z_______,_, 4, 8, 26
Electrical machinery and equipment _________ 3,
5, 6, 13-15, 19, 22» 34
Employment estimates______:___
12-14
Employment Service activities____... _______ 16
Expenditures, U,S. Government____.„ ____ „«:
18
Explosives ______^_____-___^___(i_____"^ ____ 25
Exports (see also individual commodities)!!!!
K
2,21-23
n
Express operatlofH,..;...^.....^.., __________ 23
National defense expenditure*.........______ 1,1$
National income and product...____________ 1,2
National parks, visits..:_______._____Z..IIZ ' 24
Newsprint________,____. ____ ___ '___, .. 2.3,37
New York Stock Exchange, selected data ~ ~ 20, 21
Nonferrous metals_____..;________3, 8, 19, 23, 33, 34
Noninstallment credit____,«.___„..___.._____. 17. 18
• Qata ----- ^...___:_..;____'___,_____.._..___,^ 27''
Oil burners____________.....__.______„___, __ 34
Oils and fats.'__;______.___.________.__., §722,
29, 30,
Orders, new and unfilled, manufacturers*_____
6
Ordnance-___,______•-iw,___^__^,____^ ______
13-15
Failures, industrial and commercial.-. ___ ___ 7
Fans and blowers ._-.^»____^__-^.-..____„__I.
34
Farm income, marketings, and pricesIIZIIL 1, 3, 7
Farm wages__„_____,_____,___....„__.___.__„
16
.Fats and oHt-w...»,^..-.,i....__IIIII""§722, 29, 30
Fedefal Governmentfinance____,___^___
18
Federal Reserve banks, condition of ._^ _____ 16
Federal Reserve member banks . ;„_____— .. - - 17
'Fertilizers
'
''
'
8, 25
' Fire losses.. ..„«
10
.Fish -oils and -fish
29'
Flooring, hardwo
31
Flour, wheat. .*<..»____....^.-— *.
38
Food products,^. 4-8, 10,11, 13^15,19,22," 23, 27-^30
FortsclosureSj real estate..*_____k .___».^.i*... - .10
Foreign trade (see also individual commodJZ . 21-23
Foundry^equlpmeat*_______±^ .
34
Freight carloading^...^...._____^....^^iril
24
Freight car s (equipment).,__^
4 40
Fruits and vegetables- __ __
^"""7,8,22
Fuel oil___^ w .__._,,^^__^^^______^__.35»:36
Fuel!L._ — _ — + — ,__ — ._J.«_
4,8,35,36
:
• Furnaces... „„»-„. ^____;•______;___-„
'34Furniture-. . ._._,^,_«________I's^ICll-IS, 17:
Paint and paint materials_______._....
8,25
Panama Canal traffic.. ^..,.«'_____,*.^.w .. ' • 24''
Paper and product^ and pulp.-.-.,.:____,....
3.
^
5,6,8,13-15,19,23, 36,37
Parity ratio______*.™.-w»i.-w—— .......
7
, Passports issued _____ '_____ ___ ^^ ____ ,__ __ _^_
24
.^Payrolls, indexes__»__.--..*___•,___;ZZZZI
14'
Personal consumption expenditures.— ZI __
1,2
Personal income^.____.^_,__...__...._____ZI ' ' 2 , 3
• Petroleum and products....,___..__... '•• '•"' 4--6,
^ .
8,11, 13-15, 19,~ii723, 35, 36
•Pig iron. ---- :_.__ —;----,.,.^,_..:___.._.
32 ' •
riant ana equipment expenditures. . _ .
. 2, 20
• Plastics and resin- materials.. I ...*....._.-. ' ' 25
"''12
2« '
..__A__„..,; _____ . - . : . \f
. Poultry and eggs^ .,_....».____.1. - j ""~^*3, 7, 29
Prices (see al»6 individual commodities)" .1. .. 7, 8
Printing and publishing^..___...^.. .•
4, 13-15
•Profits,' corporate. .,....i. ....„..' " ; '• • 1,19 .
Public utilities.......^..,... 2-4, 7-97 13-1 5, 18-21
Pullman Company.......^.___..:._... ^, .^.-- 24 'Pulp and pulpwood_____.____-___ZZIZIIZ
36 '•
Purchasing power of the do!!ar__Z,..Z__ZII
8
t, prices, salestcevenuesi......... 4, 8, 26
- Gasoline.....
_.__.;.-----^^______1,35,36Glass and products... ^_________,...«:___; '
38
Glycerin.*:_____;..^^^»
.
25
• Radiators andconvectori..... _....^.»...'..34
Radio and television „„„_,_._.^ ..."478710. 11,34
Railroads ...... .. 2,13t 14,16,18,20, 21 24, 40
Railways (local) and bus lines.-....I_. . 13'-15,23
Rayon and acetate ' ^^ ' '
"
39
Meal estate....^ •.-...,-*_
. ~ ~ 1 0 , 17,18
Receipts,-0.S, Government....,..-...-' **" ^
18
' Recreation,.
.-.^..^ ......... ^ / ' ' - '•
7
Refrigerators.iand'homelfreeJselsZIZIZ'I'""*" ., 34
Rent (housing)......
^^ . :„„._ -., •
•. Retail'trade
.• •.._,.Z~~* 47i7?""li-li» 17,18
Rice^,_...._...^_^__.^._ZIZ...........
27
Roofing and siding, asphalt.IZ.ZI"**""""**"*
36
Rubber and products (incl. plastics).
8,13^15,23,37
-Goid..-,.._..._ILIIIIIIIIIIIIIIIIIII!I , II
Grams and products___^..__ ___ __ 7t 8, 22, 24, 27, 28
Grocery stores__„__„__„ __ ;______ ____ ___^ ___ 11,12Gr'ossnationarproduct,_____,-...11- I" ~ ' ' I 2Grops private doniestic investment^ .i.^-^^1" 1,2
Gypsum and products_____^^.__„_._____.^1 8,38
- Hardware stores. „_,____;_____.__^
-,
'n
Heating e<iuipme^t,_^ — .____.IIIIIIIIII .8, 34
Hides and skins___L.-,___:_______,__„_ __ ,____, . ' 830
Highways and roads,..____-.L.__IIIIIIIIIIII' 9^10'
Hogs..,. —v—•__:— ,.i_______,. ___ '.____„-.!___!' .*28
Home Loan banks, outstanding advances___'. . ' - to
; Home.mortgages....^.^.,,^,____.._.,____: -. - 10
- Hosiery.^.__.,..,..____.,w^_____iv-.________H , 40
, Hotels—-____'-*____,*„.__,_«_____.;___,.„__I."l4 15 24~
Hours of work per week,. „___*i.« ^I.IIII __ *14
Hoasefurnishingsw__________-.-.^ __ ll-ijf, 8, 10-12
Household appliances and radios___.__„__ 4, 8, 11 34
Housing starts arid permits. . „ _ _ _ „ _ _ „ _ _ ____ * 9
Saving, personal
._„ w__, _
• , , . . % '.
, Savings deposits
.... :...ZZZ~" . . •- 17
Securities issued
. , .,...l,..ZIZZl-9 20 .
.Security markets
—IIIZZIZIZZ 20^21 ' •
, Services—* ..^^,
,
...ZZZIIi, 13-15
Sheep aad lambs,^. .,.'
,.-.,„...*,...
28
Shoes and other footwear..»..,.Z. . 8,"l 1,12.31
Silver...
,
...,_..^.._._..Z._.Z.. -, 19
Soybean cake and meal and oil". . ..IIIIZ
30
Imports (see also individual commodities). 14 2, 22 23
.Spindle activity, cotton..A „ . !..^, ZII - 39
Income, .personal____».;..»__^ w__i.^,..'- ' ' '23
Steel ingots and steel manufactures:^.! ZI III 32,33
Income and employment tax receipts IIIIII I ~
is
Steel'scrap
.-i—.._.;
.^' ^.
:Z.Z • '32
Industrial production indexes;
Cans (tinplate).,,. __.„.
„.___-._ • ' 33
Stock prices, earnings, sales, etc—
,._._
20,21
; , By industry.., *.-—»-....w______.___.__. ... -3 4
Carloadings. .-.'„. •
.
'
—*•--•
Stone, clay, glass products .... 3-5,8,13-15,19,38
By
market
grouping.^.,
__
.;.,„.
_____
ZIIIII
3*4'-'
Cattle and calves..,4
IZZZZZIZIZ'""- - IS
. ............. . '. '34
.Installment .credit,__;__'..!..___',_____...__I." 12 17 18 'Stoves and ranges.
Cement and concrete product»ZIZZZZZi-10 38 Installment sales, department stores.. III!__J ' 12
23,29
Cereal and bakery products ..
~~".
*8
Si
^
Instruments and related products. „«.___III™3, 13-15
25
Chain-store sales/firms with 4 or"more"'and" 11
• Sulfuric acid..^.. ... .ZZZZZIIIZZ
\
Insulating
materials
_„..
__
_„
_____
„'
„
...•
_____
,_
34
25
or more stores.. i..,...'.; ... ^_,,
12 •
Superphosphate
'
.„' ..
IIIIII'
In8uran'ce,;life...,.______;__4___....^."".III*"" is 19
25
Interest. and money rates_____-«II«IIIIII~II - * 17
- _ 1 . . . _ , . - - » ,
Tea.imports... ,
.
.... ..
; ._
Inventories, manufacturers* and tradeIII~4-6. II 12
29
Cigarettes and cigars
,.___-... r r
830
Telephone, telegraph, cable, and radioteleInyentory-sales ratios*.______^.^.....___;____'.' ' 5
Civilian employees, Federal- . •_ ~"" * '~~~~
-* 14
graph carriers.
, ,.-._.„ ., _._.___ ',13*. 15,24
Iron and steel. _ 3+ 5, 6» 8, 10, 13-lsJ 19722723, 32, 33
Clay products____;.•._.:. I..J.L..___ZZ""*"~~~ 8 '38
Television and radio^......
. 4,8,10, 11,34
Coal — _,; ------ —-,—.ZZ""4,""i,~13-l5,"22, 24* 35
Textiles
and
products..
3,5, 6,8,13-15,19, 22, 38-40
Labor advertising index, disputes, turnover. -«
Cocoa.., .^..-.i_______*____^.,..1..^_____ 23,29
16
Tin
...
.
.
.
.
..-.C......._.Z_
23,33
*
Labor force..—,..,___._____,_________„_____Z
12
Tires and inner tubes
>...
, -I... 8,11, 12j37
Lamb and mutton_____.
-_ _ - ~
as
Tobacco
and
manufactures
4-t8rio7l3-15,
7
22,30
Lard-.
____
_
______
.
_________
I
~
CommunicationsA_________ .^TI 2~i3~15f 20*24
28
Tractors..
. ...... _„„; .^
22, 34
- Lead_____.___«__,___________IIIZIZ"
Confectionery, sales ___ _ ____ ""
_
* 29
Trade (retail and wholesale)._.:,:,..,.
4, 5, 11,12
- Constructioiaj
•, ' '
"""" ~ r ~
Leather and products_____;, ______ 3, i, i§Z}5 30 33
31
Transit
lines,
local..'
.
.
.
.„•_..^
23
Contracts: ___ , __ , ______ • . _,
- - •
Q
- Life insurance___.._____________. .-.
to 19
Transportation..
^ .
I72777l3~15, 23,24
Linseed oil, »^___________...I.^— I— .II™"II
- Costs_____.____™-.IIIIII-IIIIIIIIIIII - 9, 10
30
Transportation
equipment.,
„_..
3—6,13-15,
19,40
Livettock...____;______,______,j_..__^ __ "if 771, 24 28
Employment, hours, earnings, wagesTJ""" 13-16
Travel
,
. _„,.
23,24
Highways and roads..,,,.,________________w _ 9 JQ
Loans* real estate, agricultural, bank, brokers* *
Truck trailers*..
40
Housing startsi»___^,_ ___t _____ „___r __ IIIII*""-- * 9
(see also Consumer credit) _________ 10, 16, 17 20
Trucks
(industrial
and
other)
34,40
Lubricants______________,.___________,_____-35 . 36
Hew constrajttion put in place. -I
"~
129
Consumer credit.. _„____________-..I.II'I 17 -is
Lumber and product______..____ 3, 8, 10--15, 19*31
Unemployment and insurance. ....
... 12,16
Consumer expenditures ..__,_____IIIIIIIII"" i 2
U.S. Government bonds. ..i. ^. .; „ 16-18,20
Consumer goods output, index_____I_IZ
3*4
Machine tools , .,
34
U.S. Government
finance.^...
.
18
Consumer price index. ;.,• __ ^»_
__
""
'7
Machinery
... 3, 576, i7ll~l57l9,22,34
Utilities
..,
2-4,9,13-15,18-21,26
Copper.. ..i-----....^^ ---------- IIIII™ 43,33
Mail order houses, sales.
,.
v*orn. _ __^._ m- ._ — .__-,.™__^,___.«.
27
Manmade fibers and manufactures
„ 8 39'
Vacuum cleaners
, ... ' '
--34
Cost of living (see Consumer prTcVTndexK III
7
Variety stores
'
, ZZZZ II, 12
Manufacturers' sales (or shipments), invento~* *
Cotton, raw and manufactures _______ 7 f 8, 22 38 39
.ries,orders
,
-.^.
~
4«g
Vegetable
oils
..
...
...
_.IZZI
~
'30 •
Cottonseed cake and meal and oil _ _ , . _ „ . „ _
'30
Vegetables and fruits
7f 8,22
Manufacturing employment, production worlkCredit, short- and intermediate^term * II'
I 17,18
ers,
payrolls,
hours,
earnings
13^15
Vessels
cleared
in
foreign
trade...
II
Z.
24
Crops,. ---- .-----..-.__- ---- 3, 7, 27, 28, 30,38 Manufacturing production indexes....
3,4
Veterans* benefits.
:
Z 16,18
Crude oil and natural gas-*_____,».».____; 4, 13-15 35
Margarine
„.
, . .
„ ,. IZ
Currency in circulation _».___I____________„ ' 19
Meat animals and meats
.
IZ3,~77§, 22,28
Wages and salaries
,
;
1,3,14-16
Medical and persona I care
._ ^^
7
Washers and driers v ~ •-; .
.
34
Pairy products.. .„._„_«.,.
3 7 27
Metals...
,
3-6,8,13-15,19,"22,"23» 32-34
Water heaters
^._
^-ZZZZIIZ
34
Debits, bank ..... ____ ._ —- ..... ~ °' '* fi
Milk
.
27
Waterway traffic. „,
,.; ,
24
Debt, \3.S. Government. ...____:_
."
is
Mining and minerals-..
I 2Hf,"8113-15, 19, 20
Wheat and wheat
flour....
,
28
Department stores , „ _____._;_______IZ
11 12 17
Monetary statistics
k
19
Wholesale price indexes
.
8
Deposits, bank...____^_
________
1§* 17* jo
Money supply
„.
I ZZIZZ
19
Wholesale trade........
475,7,13-45
Disputes, industrial... l. „
---— ~—
, ,
Mortgage applications, loans, ratesZZZ 10, 16,17
Wood pulp
36
Distilled spirits________.._,_____IIIIZIIIII
2'6
Motor carriers
.
" . 23,24
Wool and wool manufactures
. _.
7,8,23,39
Dividend payments, rat«s, and yieldsIIJT lIS, 18-21
Motor vehicles
1,3-6,8,10,11713-15719, 22,40
Drugstores, sales_________________________nt 12
Motors and generators
.
, 34
Ziac...
..... ...
..........
33,34
• c o k e , ' . , » . , _ _ i i : i i i z " . 24 35
UNITED
G O V E R N M E N T PRINTING
W A S H I N G T O N . D.C.
.
POSTAGE AND FEES PAID
U. S. GOVERNMENT PRINTING OFFICE
2O4O2
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INPUT-OUTPUT
THE INTERINDUSTRY STRUCTURE
of the
United States
A report presenting preliminary results of the
1958 Interindustry Relations Study, inaugurating
the periodic preparation of a set of input-output
tables as part of OBE's integrated system of
national economic accounts.
Published in the November 1964 issue of the Survey of Current Business, single copies available at 45 cents each
Orders may be placed with
the Superintendent of Documents
U.S. Government Printing Office
Washington, D.C., 20402
or with any Field Office of the
U.S. DEPARTMENT OF COMMERCE
@FedFRASER